Why Web 3 and Digital Money Should Be Private by Default

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 6 February 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s “Long Reads Sunday,” NLW reads: Bitcoin Protects Privacy and Fights Oppression – Murtaza Hussain Don’t Let Web 3 Repeat Web 2’s Mistakes – Tor Bair - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com. - FTX US is the safe, regulated way to buy bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW _ “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Sean Gladwell//Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Sunday, February 6th, and that means it's time for Long
0:27.9	Reads Sunday. And today, we are talking privacy. First, however, if you're enjoying the breakdown,
0:33.9	please go subscribe to it. Give it five stars. Give it a sweet little rating. Or if you want to
0:40.0	dig deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show
0:44.6	notes or you can go to bit.ly slash breakdown pod. Now, it was recently privacy week at CoinDesk,
0:52.4	and so we got a whole slew of great content to draw from. And so today I'm
0:57.1	actually going to read two different pieces. It's going to be privacy in the context of Web3 and
1:02.1	privacy in the context of Bitcoin. And we're going to start in Web 3 with a piece from Tor,
1:07.7	Bear of the Secret Foundation, who writes, don't let Web3 repeat Web 2's mistakes.
1:14.2	Web 3 must be private by default.
1:17.0	Crypto has undergone an impressive spate of growth recently.
1:20.0	We've gone from a few hundred users of non-fundable tokens, NFTs, a couple thousand Ethereum
1:24.5	Node operators, and maybe a multitude more of Bitcoin holders holders to several million investors and users across the industry.
1:30.9	It's wonderful.
1:31.5	There's an open online world where anyone can create, build, and explore without permission.
1:36.3	That value is being created and freedom preserved, but there's something being lost in the mix.
1:41.3	Privacy.
1:42.5	Web 3, the buzzy corner of crypto that spans everything from play
1:45.7	to earn gaming to collectibles to decentralized finance, seems to be repeating the same
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.