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The "What is Money?" Show
Web5: The Future of the Bitcoin-Based Internet with Polycarp Nakamoto (WiM512)
Sep 10, 2024
Polycarp Nakamoto, a pivotal figure in the Bitcoin community, discusses the future of a Bitcoin-based internet. They dive into the evolution of the web from centralized to decentralized systems and how Web5 empowers users to take control of their data. The conversation highlights the significance of verifiable credentials for online identity and the transformative potential of Bitcoin for free speech and personal security. Nakamoto also addresses how Web5 can enhance health data management and the importance of community involvement in this digital shift.
01:37:21
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Quick takeaways
- The evolution of the internet from Web 1 to Web 5 highlights a growing emphasis on user data ownership and identity control.
- Decentralized identifiers (DIDs) empower individuals to maintain privacy and control over their online identities amidst increasing surveillance concerns.
Deep dives
The Rise of AI-Generated Content and the Need for Decentralization
The prevalence of AI-generated content has led to a concern that distinguishing between real and fabricated accounts is becoming increasingly difficult. This decline in authenticity poses a threat to the integrity of information on the internet, prompting a demand for alternative solutions. Central bank digital currencies (CBDCs) are proposed as a response by the state, yet Bitcoin presents a decentralized solution that emphasizes user sovereignty. The aim is to create an internet infrastructure that prioritizes censorship resistance and operates independently of centralized control.
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