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The Breakdown

The Satoshi-fication of Social Media: Why The Future Is Pseudoanonymous, Feat. The Crypto Dog

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 18 June 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

On the Brief: Big tech vs. the American political right and left Why TikTok users are pretending to love China for clout Decentralizing venture capital  Our main conversation: The Crypto Dog is one of crypto Twitter’s best known characters. In this conversation, he and NLW discuss: Mining bitcoin in 2011 The difficulty of hodling across a decade The emergence of the crypto trader in the Ethereum era Trader agnosticism  Pseudo-anonymity and social media  Developing the character behind the avatar  Global nomadism and the acceleration of “work from anywhere”  The vibe and feel of Hong Kong today Find our guest online:Twitter: @TheCryptoDog

Transcript

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0:00.0

Welcome back to the breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond.

0:13.0

This episode is sponsored by BitStamp and Cipher Trace. The breakdown is produced and distributed by CoinDesk.

0:22.6

And now, here's your host, NLW.

0:27.9

Welcome back to The Breakdown.

0:30.1

It is Wednesday, June 17th, and today's featured conversation is with the Crypto Dog.

0:36.8

That's coming up in a minute, but first, the brief.

0:39.8

First up on the brief, the big tech debacle. Right now, there are really only two things that the

0:45.0

left and the right can agree on in America. The first is being against China, and the second is

0:50.0

being against big tech. Two leading stories on the Wall Street Journal today are about assaults on

0:55.1

tech from the right and the left, respectively. The first, and focused on from the right, is that

1:00.0

the Department of Justice is proposing to limit internet firm's protections. This goes back to the

1:05.7

battle that Trump and Twitter are having and this important Section 230 of this 1996 law that limits the liability

1:13.0

of platforms for what their users do and say on them, this is something that is now part of

1:18.3

the political discourse. This is a political football. And frankly, this law or this push has

1:23.6

support from some on the left as well, who have wanted to be able to go after platforms

1:27.8

for particularly egregious uses like child porn.

1:32.3

Also coming from the left, though, is a notice that civil rights groups, including the

1:37.3

Anti-Defamation League and the NWACP, are encouraging advertisers to pull sponsorships from

1:42.9

Facebook over the fact that the company hasn't done

1:46.0

enough to make Facebook a less hostile place. Why does this matter? I think that in some ways,

1:51.8

we don't really appreciate the degree to which these platforms and, frankly, our rights to access

1:57.1

these platforms, have become a part of the essential fabric of society. There's a really

...

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