Web3 Does Not Exist with American HODL & Junseth - WBD461
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 12 February 2022
⏱️ 139 minutes
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Summary
Location: Los Angeles Date: Wednesday 2nd February Company: N/A Role: N/A
Web3 is a co-opted term that was originally used to describe an internet that gives users greater control over their privacy and data. It is now commonly referred to as the metaverse.
The metaverse, originally described in Neal Stephenson's Snow Crash, was a dystopian future that envisions a virtual reality-based successor to the internet. The metaverse has been picked up on by VCs and Silicon Valley and is now promising to revolutionise the way we interact with the internet taking advantage of NFTs and 'crypto'.
However, bitcoiners remain sceptical. Over the last 13 years, thousands of projects have come and gone, promising huge innovation with little to back it up, from altcoins that promise to be 'the new bitcoin' to narratives like 'blockchain, not bitcoin' and the ICO boom, and bust.
In this interview, American HODL and Junseth take aim at Web3, NFTs and the metaverse and discuss why they believe that it will not only fail but that it doesn't even exist in the first place.
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Transcript
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| 0:00.0 | Every time this thing pumps you get a million billion new people coming in and all of them |
| 0:10.0 | run through exactly the same fucking scams again and again and again and they get here |
| 0:17.0 | and they pretend like they know what they're talking about and it's it's literally |
| 0:20.8 | a manifestation of I just heard about Bitcoin and I'm here to fix it. |
| 0:24.0 | Hello there, how are you doing? Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, the only place I am using for buying Bitcoin. |
| 0:32.0 | I'm your host, Pete Pete McCormack and before we get |
| 0:34.7 | into the interview today I have a quick message from my show sponsors. This show is |
| 0:39.6 | brought to you by B.C. B. Group who provide online business banking for companies in the |
| 0:44.0 | Bitcoin industry and yes I am now customer of BC2. They heard about my |
| 0:49.3 | difficulty with finding a bank a reliable one that understands Bitcoin, and they reached out to me. |
| 0:54.4 | So I've moved all my business banking across the BCB, and you know what, I could not be happier. |
| 0:59.5 | It is so nice to finally be dealing with a bank which understands my business and |
| 1:04.0 | understands Bitcoin and isn't putting hurdles in my way. |
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| 1:30.4 | Bitcoin companies rather than creating hurdles, then like me you want to become |
| 1:34.3 | a B.C.B customer. If you want to find out then please head over to B.C.B group.com forward slash Peter, which is |
| 1:40.9 | b. C. B. R.GR Oup.com, |
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