Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the business model of Facebook and Google, data monopolies and their network effects, the concept of owning your data, and whether Bitcoin can change the Internet.
Allen Farrington and Sacha Meyers co-authored the book "Bitcoin is Venice".Â
// GUEST //Â
Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-veniceÂ
Allen’s Twitter: https://twitter.com/allenf32
Sacha’s Twitter: https://twitter.com/sacha_meyers
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// OUTLINE //Â
00:00:00 - Coming upÂ
00:00:47 - IntroÂ
00:02:20 - Helping Lightning Startups with In Wolf's ClothingÂ
00:03:06 - Introducing Allen Farrington and Sacha MeyersÂ
00:03:50 - Facebook and Google: Fundamentally Different Economic EntitiesÂ
00:09:06 - Bitcoin and Data MonopoliesÂ
00:12:26 - Why These Companies Got So BigÂ
00:16:04 - Misunderstanding the TechnologyÂ
00:18:42 - Network Business CapitalsÂ
00:22:30 - Process of Capital AccumulationÂ
00:24:29 - An Alternative Option with BitcoinÂ
00:26:58 - Advertising Taken to its Logical ExtremeÂ
00:29:27 - Power of Network EffectsÂ
00:32:08 - Business Ethics and Data IntegrityÂ
00:34:09 - Run Your Business from Anywhere with NetSuiteÂ
00:35:14 - Secure Your Bitcoin Stash with the iCoin Hardware WalletÂ
00:36:10 - How Bitcoin Fixes Data MonetizationÂ
00:41:36 - How Does Facebook Work?Â
00:44:24 - Novel Communications Protocol of FacebookÂ
00:47:40 - “Breaking up” the Monopoly of Network BusinessesÂ
00:54:47 - The Analogy of SurveillanceÂ
00:56:56 - The Problem with Owning Your DataÂ
00:59:47 - Data and Network EffectsÂ
01:03:06 - Knowledge is CapitalÂ
01:05:38 - Objection to Intellectual PropertyÂ
01:08:05 - Take Control of Your Healthcare with CrowdHealthÂ
01:09:07 - A Bitcoin Wallet with Privacy Built-In: Wasabi WalletÂ
01:09:59 - The Nature of the InternetÂ
01:13:06 - Open-Source Software vs. Free SoftwareÂ
01:16:43 - Can Bitcoin Change the Internet?
// PODCAST //Â
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