About this episode
First, Molly Wood quickly sums up crypto donations flowing to Ukraine (2:03). Then, Jason and Molly chat with Molly White, the creator of the website "Web 3 is Going Great." We discuss the problems she identified with Web 3, speculation vs. building, DAOs, decentralization and more (7:01). (00:00) Molly intros today’s episode, crypto in Ukraine, Jason and Molly interview guest Molly White (02:07) The ways crypto has been used to help Ukraine (07:01) Molly and Jason interview guest Molly White (10:32) Mercury - Banking built for startups. See more at https://mercury.com/twist (12:02) Molly White talks about her website, web3isgoinggreat.com (14:07) Molly White talks about newer technologies in web3 and their future (17:06) Grifting in web3 (18:35) What it takes to truly understand web3 (20:38) RealGoodFoods - Go to https://realgoodfoods.com and use code TWIST for $15 off! (22:06) Bitcoin toxicity, brigading, and wash trading (25:34) Melania chimes in (25:43) Categories of grift in NFT’s (30:47) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist (32:03) Jason predicts NFT lawsuits in 2023 (33:06) Toxicity in the bitcoin cult (35:00) What are good uses for blockchains and the web3 shift (35:55) Jason’s defense of bitcoin (36:42) Molly White’s counter to Jason’s defense of bitcoin (38:17) Problems with energy consumption in bitcoin (40:22) Can bitcoin help store monetary value in authoritarian countries? (42:39) Are DAOs (decentralized autonomous organizations) a good idea? (48:27) Questions companies need to be able to answer in the life of their product (49:39) The downfall of Enron: “How does this company make money?” (52:16) The caveats of being ok with true decentralization (55:10) Doxxing in crypto (01:04:03) Brigading in crypto and social media Check out Web 3 is Going Great: https://www.web3isgoinggreat.com FOLLOW Molly: https://twitter.com/molly0xFFF FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood