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This is the second podcast for Speaking of Crypto that we’ve recorded with Susan Oh.
Episode #32 was recorded in September 2018.
Susan shares how the crypto community was started by anarchists and libertarians and she quotes the VC Andrew Romans by saying, “Every person you meet in crypto is the most interesting person you’ll meet in your life.”
She explains that “it attracts people who separate ethics from law.”
We get into the idea of globalization.
“Globalization failed largely because it failed to keep money in the hands of those communities that created it. In fact, it just siphoned all the value up to the few large global institutions. And if globalization two point O were to fail, where people have no hope, then that’s when get things get dangerous for all of us. I’ve always said that there’s nothing more dangerous than somebody who has everything to lose, and those who have nothing to lose.”
But, with blockchain technology, there can be a greater democratization of opportunity. There are optimistic possibilities. Susan talks about blockchain’s transparency and its inherent egalitarian structure.
“The most wonderful thing about blockchains is that there’s no single point of failure, and that nobody owns the system, at least with public blockchains.”
We also talk about her work with the United Nations Blockchain For Impact. Susan is working on SDG (Sustainable Development Goal) Number 8. She is part of the Global Sustainability Network whose aim is to end dire poverty.
“What most people see is human trafficking, trafficking for sexual exploitation and trafficking of children. I see credit card debt, and deregulation of banks with rapacious racketeering rates, as modern slavery. I see unforgivable student loans to be a part of modern slavery. They’re yoking us to an arbitrary number and having us serve the rest of our lives working it off.”
United Nations SDGs