Introduction

Matt and Nic return for a festive Christmas eve roundup. In this episode:

• Reevaluating our intro song
• Jack Dorsey's web3 beef
• What's on our Christmas list
• Is PoW inherently high-fee?
• We steelman the Jack Dorsey and the pro web3 arguments
• Is there a paradox in web3?
• We advance a model of tapered token issuance for web3
• The downsides of token issuance to early adopters
• Is Liz Warren right about corporate greed causing inflation?
• Radioshake releases a defi token
• Is Bitcoin ownership too concentrated?
• Bitcoin is dispersing while equities are concentrating
• Will there be a revolt among the staffers at the SEC?

Content mentioned:

• Nic Carter and Lucas Nuzzi in Bitcoin Magazine, Bitcoin's Proof of Work is Well Worth its Fees
• Paul Vigna in WSJ, Bitcoin's 'One Percent' Controls Lion's Share of the Cryptocurrency's Wealth

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