Stephen Diehl: The Dark Side of Web3, Crypto & NFTs

Hey guys! I have the privilege of speaking with Stephen Diehl. Diehl is a London based software engineer and an outspoken critic of cryptocurrencies, Web 3.0, NFTs, and pretty much that entire ecosystem that seems to be so rampantly bullish. This episode’s objective is to present a possible bear case to the crypto, Web 3.0, NFTs Maximalists and to the people that are on the fence and want to know more about the technology and its dark side.

Check out the time stamp below: 

• [1:20] Researching Crypto. 
• [8:20] The Albanian Pyramid Scheme Crisis
• [13:00] The Case Against Crypto
• [14:00] The Technology Does Not Solve Any Problem 
• [26:00] The History of Private Money
• [38:00] What Type of Asset are Cryptos? 
• [45:00] Staking Crypto for Yield?
• [49:00] What is Web 3.0?
• [54:00] Play-to-Earn 
• [58:00] Technical Issues: Computing, Bandwidth & Storage. 
• [1:07:00] NFTs 
• [1:20:00] Why create Solutions to Problems that Does Not Exist 
• [1:26:00]Closing Question and more from Stephen Diehl

If you're a fan of Stephen's thinking and want to learn more, check out his website (here) and Twitter (here). 

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