The Industry Dollar vs. the Block Dollar

04/11/2022 46 min Episodio 16
The Industry Dollar vs. the Block Dollar

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.