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MONEY REIMAGINED: Empowering Tomorrow's Internet | Decentralized Storage and AI in a Changing Data Landscape With Frank McCourt

Aug 18, 2023

Frank McCourt, Football Club owner and Philanthropist, joins the host to discuss the problem of centralized storage and the rise of decentralized solutions. They delve into the implications of surveillance, targeted advertising, shared data storage, and the impact of large language models on data control and ownership.

09:01

Episode guests

Frank McCourt

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The rise of web 2.0 led to centralized storage of valuable data, controlled by a few privileged companies, creating a surveillance and attention economy.

The emergence of decentralized storage in web 3.0 is crucial to protect democratic principles, ownership of data, and prevent concentration of power.

Deep dives

The Problem of Centralized Storage on Internet Platforms

In this podcast episode, Frank McCourt discusses the problem of centralized storage on internet platforms. He explains that with the rise of internet 2.0, data became the most valuable commodity, and storage capabilities became more powerful and cheaper. However, the data was held in a shared state, controlled by a few privileged companies, leading to a surveillance and attention economy. Now, with the emergence of decentralized storage solutions in the web 3.0 era, there are multiple ways to store data in a shared state, giving everyone the opportunity to access the data and build in this new world.

The Problem of Centralized Storage and the Rise of Decentralized Solutions

4min

The Impact of Large Language Models on Data Control and Ownership

5min

At the beginning of the internet, there was no way to share data. Decentralized storage was not possible. Now there are multiple ways to store data in a ‘Shared’ state.

With AI algorithms now consuming vast amounts of personal and intellectual data, the prospect of the exploitation of that data is daunting.

In this short unique episode of "Money Reimagined," Michael Casey is joined by Football Club owner and Philanthropist Frank McCourt. He is also the founder of Project Liberty, an urgent initiative to repair the web.

Currently, Casey and McCourt collaborate on a joint book endeavor, with Frank elaborating on his insights during a casual lunch conversation. He delves into the Internet's transformation into a data economy, the value of personal information, and the impact of Artificial Intelligence algorithms and machine learning on the realm of intellectual property and copyright ownership.

Join us as we envision a more equitable digital landscape through decentralized storage, personal data security, and AI synergy.

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.