Episode notes
Most people in the world don't yet realize that the internet is currently entering a new era. Thanks to the capabilities of bitcoin and the lightning network, a seamless, frictionless, value transfer layer is coming to our online actions and interactions, in what has recently become known as the 'Value Enabled Web'.
Now, money can flow as fast as information, which in addition to opening up many interesting possibilities for combatting some of the internets most persistent and disruptive problems (like spam / bots), also brings the possibility for the pricing mechanism, indeed the most efficient pricing mechanism of all time, to be applied to all activities in cyberspace.
Prices, of course, are what best mediate supply and demand, what best manage scarcity, and what best permits value to emerge and be integrated into market decisions. What Lyle and his team at VIDA are attempting to do, is develop an interface which helps people to interact with others online, and to set their own price and terms for doing so.
It's already easy to see how impactful of a shift this could represent. In this episode, we use VIDA to record our conversation, while simultaneously live-streaming it to Twitter (and setting our fee for people to drop in and send us a message). It's still early days, and there are bound to be lots of kinks to work out (it seems the audio/video sometimes went out of sink in this recording), but it's clear that the Value Enabled Web is coming and represents innumerable possibilities for improving the quality of our interactions both on and offline.
Enjoy!
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More from Lyle:
TWITTER: https://twitter.com/lylepratt
VIDA: https://vida.page/lylepratt
More from me:
TWITTER: http://bit.ly/2P7PUjA
YOUTUBE: https://bit.ly/3aBbZxg
MEDIUM: http://bit.ly/2Zk0Dex
SUBSTACK: Money Messiah
VIDA: https://vida.page/johnkvallis
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Once you buy bitcoin, taking custody of it is extremely important, if you want to maximize the benefit of this unique asset. The Coldcard hardware wallet is one of the most popular and trusted devices for doing just that. Buy one, and learn more about the great features of this wallet, as well as all their other awesome products, at coinkite.com
The Bitcoin 2023 Conference is going down May 18-20 in Miami. Use the promo code 'VALLIS' for 10% off the biggest bitcoin conference in history!
See you there!
