Brian Naughton | Crypto and Web3 writer, Advocate & Thinker
- Brian is a Crypto and Web3 writer.
- He is an advocate and a thinker.
Podcast
Overview
In recent years, the digital landscape has witnessed a seismic shift with the emergence of cryptocurrencies and the revolutionary concept of Web3. These cutting-edge technologies are poised to transform various industries, from finance to art and hold the potential to reshape the very fabric of the internet. In today’s episode, we delve into the myriad possibilities that crypto and Web3 offer. We explore their applications beyond finance, including their impact on creative industries, supply chains, social media, and more.
[00:35] – About Brian Naughton
- Brian is a Crypto and Web3 writer.
- He is an advocate and a thinker.
- Brian is an active member of the crypto community on LinkedIn and publishes a weekly substack newsletter on crypto and blockchain technology.
- He is also a passionate photographer.
[03:58] – What is Web3?
- The titles: web1, web2 web3 are not empirical.
- They are based on models of thinking or concepts.
- Web1: read, Web2: read and write, and Web3: read, write and own.
- Web3 is a paradigm shift by utilising blockchain technology, cryptocurrencies, and tokenisation.
- It is based on distributed systems, decentralisation and sovereignty.
[09:28] – What are some big hurdles for mainstream adoption of crypto and blockchain?
- The main hurdles are UI or UX.
- Web3 applications and decentralised finance are notoriously clunky in terms of their user interface.
- It will be fixed in a way that people are describing at the moment as web 2.5.
- It is where you take some of the architectures but you sacrifice some of the decentralisation to get a more seamless experience.
- There are a lot of bad actors in the space in terms of security breaches.
- It can only be cleaned up by regulation that balances the need for fostering innovation with protecting consumers and mitigating against any systemic risks.
[19:40] – What are the ethical implications surrounding the use of blockchain and crypto?
- It’s clear that we are somehow moving towards a cashless society.
- There are concerns about the programmability of money.
- We are moving to digital singularity where all value is not represented in terms of cash and things that are in the real world.
- That represents a threat because it’s happening so fast that the majority of people don’t understand crypto currency.
- They certainly don’t understand the distinctions between crypto currencies operating on public blockchains and the systems being proposed by central banks and governments.
RESOURCES:
You can connect with Brian Naughton: LinkedIn
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Profile
- Brian is a Crypto and Web3 writer.
- He is an advocate and a thinker.
- Brian is an active member of the crypto community on LinkedIn and publishes a weekly substack newsletter on crypto and blockchain technology.
- He is also a passionate photographer.
