Community Token Talk - The Cutting Edge of Web 3 - Ep. 45
CTT Episode Week 45 with @brianoflondon
We are back!
Tomorrow we will attend a talk in Oklahoma State University, more info in this Tweet:
https://twitter.com/3speakonline/status/1574200237320642560
Here is the link for the Live Stream
Community Token Talk - The Cutting Edge of Web 3 - Ep. 44.
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https://twitter.com/RuelChavez5/status/1574611977820774400
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First of all, Justin Sun is the Founder of HIVE, just anyone would like to know that, or does Google it.
HIVE Founder and Owner of the Steemit Inc. is Justin Sun 🌞
Now that the highly valued agents are informed about that, it seems we can continue to do our thing.
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All systematic seriousness aside, within the podcast you concluded that you can't prosecute a vast and global community and I disagree. I‘m getting the honest impression that it’s especially great to do that! Having every single person in the world being a minor financial CRIMINAL is the endgoal and utopia of the whole venture expanding the financial regulation services anywhere. Especially if they are ashamed or try to hide their trouble because of shame or a lack of awareness. Btw I think that is the situation in which any really corporate entity is in chronically anyway. It‘s horrific already and Blockchain Analytics can accelerate this issue.
The utility is to be able charge everyone and than choose yourself who‘s going to be crushed and who‘s not.
It must have been great meeting Hivers in person.
I very much enjoyed seeing you guys' faces for the first time and watching everybody take the stage was very cool too.
I'm hanging on here on our largely undiscovered blockchain and building the community through the web 3 witch hunts.
Hope to see you at a Hive Fest soon.
Here is a detailed summary article about the key topics discussed in this episode of the Community Token Talk Podcast:
Decentralization and Censorship Resistance
The hosts, Dan and Brian, have long advocated for a philosophy of true decentralization and censorship resistance in the crypto space. They believe that projects must avoid centralized elements like ICOs, pre-sales, companies/CEOs, and concentrated token distributions in order to maintain decentralization.
Dan and Brian feel that most crypto projects today are still chasing profits over true decentralization, turning a blind eye to centralized elements. They aim to "own" this philosophy and provide a blueprint for achieving genuine decentralization. The hosts plan to collaborate on a book that will elaborate on the necessary ingredients and implications of building decentralized, censorship-resistant systems.
Hive as a Model for Decentralization
The hosts see Hive as an example of a project that has largely gotten the formula for decentralization right. Hive has no ICO, pre-sale, or centralized company/CEO. Its token distribution and governance model, with elected witnesses and node operators, creates a human element that helps maintain decentralization.
Brian and Dan believe Hive's approach threads a careful line between pure trustlessness (like Bitcoin) and allowing for human interaction and reputation. This combination of technical and social elements is key to achieving lasting decentralization, in their view.
Regulatory Threats to Decentralization
The hosts discussed the recent CFTC lawsuit against the Ooki DAO, which aims to hold individual DAO participants liable for the protocol's alleged violations. They see this as a dangerous precedent that could make it very difficult for decentralized projects to operate, especially those with centralized token distributions.
The conversation also touched on broader concerns about government overreach, such as the ability to seize crypto assets or restrict travel based on lack of KYC. The hosts believe these trends point to an increasingly authoritarian environment that crypto users may need to escape by relocating to more permissive jurisdictions.
The Pension System Ponzi Scheme
Brian shared insights from a former government official who described public pension systems in Europe and elsewhere as essentially Ponzi schemes. The hosts argued that these systems are unsustainable due to declining birth rates and an aging population, and will likely collapse or require draconian measures to maintain, such as raising retirement ages.
This reinforces the hosts' view that individuals need to take control of their own financial futures through decentralized, censorship-resistant savings and investment tools like Bitcoin and Hive, rather than relying on government-backed pension schemes.
The Need for Decentralized DDoS Protection
The discussion also covered the CloudFlare decision to stop serving the Kiwi Farms website, which the company deemed an "unprecedented emergency" threat. This highlights the concentration of power in the hands of a few large internet infrastructure providers that can effectively de-platform entities.
The hosts see a need for truly decentralized solutions for DDoS mitigation and content delivery, to avoid these single points of failure. Projects like the SPK Network, with its decentralized CDN, may represent a step in this direction.
Overall, this episode delved deeply into the hosts' long-standing philosophy around decentralization, the threats it faces, and examples of projects striving to uphold these principles. Their goal is to provide a comprehensive framework for building censorship-resistant, human-centric systems.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.