Ryan, Tom, and Tony discuss the state of the cryptocurrency market, emphasizing the low volatility and lack of liquidity. They attribute the stunted growth to regulatory actions that have discouraged trading and reduced market interest in cryptocurrencies. However, they also express optimism for the future of crypto, highlighting its potential for exponential upside and mass adoption.
Shifting gears, they delve into the concept of Web3 and its potential to revolutionize the internet. Web3, considered an upgrade to the current internet model (Web2), offers decentralized systems and distributed ledger technology that reduce reliance on big tech companies. It introduces economic incentives through cryptocurrency payments, tokenization, and ownership of personal data. They discuss the disruptive implications of Web3 on the advertising business model and the need for big tech companies to adapt to this new paradigm. While the hosts acknowledge that the progress of Web3 has been slower than expected, they emphasize its potential to change various aspects of everyday life and express frustration with the regulatory landscape in the United States, which they believe is hindering innovation in the crypto space. Despite the challenges, they remain excited about the future of both crypto and Web3.
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