Gavin Wood, co-founder of Ethereum and creator of Polkadot, dives into the transformative potential of Web3 and challenges posed to traditional institutions. He reflects on his motivations driven by past crises and the need for transparency in democracy. The conversation critiques the power dynamics influenced by current tech and discusses the importance of decentralization. Wood envisions a future where blockchain reshapes social media, giving users control over their data. He also examines how economic downturns may ultimately strengthen the cryptocurrency movement.