Blockchains and block explorers make it easier to index information than the open web and social networks because they have an open state database in addition to open source code. Indexing the open web is difficult due to the sheer number of websites.
The evolution of computing is leading towards blockchains democratizing data and governance. The conversation also delves into the future of money and the shift towards currency governed by the commons rather than fiat government.
The interviewer describes a strange encounter with a potential blockchain developer job candidate who appeared to be avoiding direct questions and repeating buzzwords instead.
The blockchain has limited capacity in terms of scaling which causes friction when transitioning from Bitcoin to the second layer for small daily transactions. Zcash, another fork of Bitcoin allows for private transactions through different privacy routines.
Citidao aims to create a decentralized on-chain city that utilizes blockchain technology to speed up transactions, reduce bureaucracy, and make land use transparent. The next steps for Citidao include voting on what gets built on the land and who gets to use it when, all through smart contracts.
This podcast discusses the potential of using blockchain technology to solve the issue of ticket stub fraud in the concert industry, where fake tickets and scalpers continue to be a problem.
The concept of public goods needs to be decoupled from the idea that one central organization perfectly understands and can impose their idea of the good. The hope is for blockchains to continue to prosper, with scalability figured out so people can start doing amazing things like all the use cases discussed despite current transaction fees being at $5 to $10.
