Listen "The Industry Dollar vs. the Block Dollar"
Episode Synopsis
In this extra special episode, the boys interrogate Network Age co-host and Uqbar founder ~timluc-miptev about his forthcoming article on the IndustryDollar, which powers the trad economy, and the BlockDollar, which powers a a blockchain-enriched economy. They explore how the two systems handle marginal costs, equity financing, and lending, as well as what new forms will be enabled by blockchain-empowered content creation and why the IndustryDollar isn't dead. All this plus Axl Rose, Tahiti, and a few too many jokes about "hardness". Mentions: Josh Stark on "Atoms, Institutions, and Blockchains"Justin Murphy on "Social AI"Noah Smith on Bankless—"The Future is Fiat"Timestamp: 0:00—Intro1:16—The BlockDollar and the IndustryDollar5:20—"Hardness"—enforcement through atoms, institutions, and blockchains11:05—Applications of the IndustryDollar in traditional finance13:18—Lending vs. equity investment17:56—"Social AI" and blockchain-enriched content creation21:04—Monetizing with in legacy systems25:54—Evolving platforms—"code, content, and capital"33:03—Stripe and the digital IndustryDolalr40:04—Software and developers with the BlockDollar46:02—AdiosAnd, if you liked the episode, don't forget to give us a five star review. Say something nice and we'll even read it on the pod.
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