How Decentralization Fuels Innovation, Enhances Portfolio Diversification and Solves the Illiquidity Problem in Venture Investing

Episode Summary:

In this episode, Decent Millionaire host Dara Albright and guest Lou Kerner, Wall Street’s first social media analyst who has been accurately forecasting Facebook’s stock price since 2010, and founder of the CryptoOracle Collective, a cutting-edge decentralized web3 consultancy, discuss the value of community as well as how decentralization will impact capital formation, fuel innovation, enhance portfolio diversification, and solve the illiquidity problem in venture investing.

Episode Highlights:

• How the DAO structure fixes the “disconnect between the desire of startups to pay people in illiquid tokens or equity, and the desire of people to pay their rent and eat”;

• How decentralization enhances portfolio diversification for the masses;

• The battle against FAMGA for the soul of the metaverse;

• The difference between web2 and web3 in one quote: “Web2 is about how much margin I can make off my customer whereas web3 is about how much utility I can give my customer.” – Lou Kerner

• How decentralization creates a new way of monetizing intellectual capital;

• The implications of web3 intellectual capital being more scarce than cash:

• The transformation of work;

• Thoughts on crypto winter or, more accurately, crypto spring;

• Interesting web3 applications to have on your radar;

• Lou’s bitcoin price target and why it is such a big deal.

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About The Decent Millionaire Podcast

The Decent Millionaire podcast (short for decentralized millionaire), hosted by fintech pundit Dara Albright, is an episodic podcast series that helps people discover the unprecedented wealth creating potential of decentralization, web3 & Participate2Earn Economics (P2E Economics for short). Whether you are an individual looking to learn how web3 can make you healthier, wealthier and wiser – without investing a dime; or whether you are a policymaker, financial professional or economist seeking to understand how this new macroeconomic framework will foster economic expansion, narrow wealth gaps, raise literacy rates, improve the healthcare system and ensure ample retirement savings for all, this is the podcast for you.