How do we picture a financially free world? In our current status, does identity privacy truly exist? In this episode, Rob and Charles tackle challenging the status quo with the Web 3 systems. Listen closely as they discuss its implications on inclusivity, governance, and identity under this ecosystem and how Cardano aims to solve the pressing issues of the design areas to make this feasible.

Key Highlights:

[03:08 - 05:32] - The bitcoin movement proved that it is here to stay. It is an industry to be taken seriously.

[09:59 - 11:55] - The winners of the online world are centralized companies. Web 3.0 focuses on undoing this by enforcing decentralization and a token-based economy through blockchain.

[16:59 - 18:57] - In the blockchain system exists transparent logic, which allows control over data transmission and availability.

[21:17 - 23:45] - Cryptography now focuses on new capabilities and building on the next generation of identity.

[39:23 - 30:10] - Cardano came about from solving three design areas - scalability, interoperability, and governance.

[40:54 - 42:59] - Facebook or Google should not decide your identity, but in Web 2.0, the vast majority of utility about you is heavily controlled by third-party actors.

Tweetable Quotes:

"It [decentralizaton] is really been a game of how do you make it better, faster, cheaper? It's also a game of how do you make it more accessible? And also a game of how do you make it secure, because the problem is, the bigger these things get, the larger their attack surfaces are. And there's no accountable party for when they fail." - Charles Hoskinson

"One of the big design areas that we have to figure out as an industry is how do we build protocols where the bottom up can maintain the systems, upgrade the systems and keep them competitive, and create reliability and security as if there was a centralized custodian, but no one's in charge?” - Charles Hoskinson

“We shouldn't live in a world anymore in a world that has overwhelming data and digitization to say, ‘Trust us.’ ” - Charles Hoskinson

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