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).  Also, a big thanks to the following sponsors for making the podcast a reality! Quartr Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android. Tegus Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for company financials, transcripts, and insider ownership data. I use TIKR every day in my research process, and I know you will too. They have the widest selection of global company data, a terrific leadership team, and a bright future ahead. Try them out today at TIKR.com/hive.