Jul 22, 2022
Welcome back to another comprehensive and informative episode in
this limited series of the Rational Reminder Podcast, a weekly
reality check about the world of cryptocurrencies. We are lucky to
have another respected figure in the crypto world on our show,
technology veteran Tim O’Reilly. Tim is a well-known educator and
publisher in the crypto community and the Founder, CEO, and
Chairman of O'Reilly Media. He has been involved in the technology
industry since the inception and rise of Silicon Valley and, with
over 35 years of industry experience, he is known for popularizing
the terms ‘open-source software’ and ‘Web 2.0’ and is a respected
commentator on the space. In today’s show, we do a lot of looking
backwards with Tim and draw insight from his vast experience in the
industry to discuss what the future of cryptocurrencies holds. We
also talk about what separates companies that survive from those
that do not, problems in society that blockchain technology can be
used for, and changes that have taken place in the technology
industry during Tim’s career, as well as what the definition of
true innovation is, and much more.
Key Points From This Episode:
- What Tim’s definition of a technology unicorn is.
- The problems that Web3 could solve and what makes a product
- Differences between companies that survived the .com bust and
those that did not. [0:11:05]
- Whether Tim thinks there are promising projects in the crypto
or Web3 space. [0:18:36]
- How society would change if Web3 became the new normal.
- Examples of the applications blockchain technology could have
for record-keeping. [0:24:36]
- Tim shares his thought son whether or not we need blockchain
technology for aspects where the state is involved.
- Ways in which the evolution of crypto has changed Tim’s mental
map of the future. [0:31:37]
- The role public blockchains could play in breaking the
recentralization trend in decentralized technologies.
- Tim tells us if he thinks centralization is a bad thing.
- Past mistakes and innovation within the tech industry.
- Tim’s opinion on the support of Web3 from venture capitalists.
- Whether or not building technology outside of the government's
reach is the right way to improve society.
- Advice Tim has for those who are looking to get rich from