The Industry Dollar vs. the Block Dollar

In this extra special episode, the boys interrogate Network Age co-host and Uqbar founder ~timluc-miptev about his forthcoming article on the IndustryDollar, which powers the trad economy, and the BlockDollar, which powers a a blockchain-enriched economy. They explore how the two systems handle marginal costs, equity financing, and lending, as well as what new forms will be enabled by blockchain-empowered content creation and why the IndustryDollar isn't dead. All this plus Axl Rose, Tahiti, and a few too many jokes about "hardness".

Mentions:

• Josh Stark on "Atoms, Institutions, and Blockchains"

• Justin Murphy on "Social AI"

• Noah Smith on Bankless—"The Future is Fiat"

Timestamp:

• 0:00—Intro

• 1:16—The BlockDollar and the IndustryDollar

• 5:20—"Hardness"—enforcement through atoms, institutions, and blockchains

• 11:05—Applications of the IndustryDollar in traditional finance

• 13:18—Lending vs. equity investment

• 17:56—"Social AI" and blockchain-enriched content creation

• 21:04—Monetizing with in legacy systems

• 25:54—Evolving platforms—"code, content, and capital"

• 33:03—Stripe and the digital IndustryDolalr

• 40:04—Software and developers with the BlockDollar

• 46:02—Adios

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