Jeremy Welch on Why Bitcoin Changes Everything

Mr Obnoxious - A podcast by Peter McCormack

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Interview location: London
Interview date: Tuesday 11th Jun, 2019
Company: Casa
Role: Founder

One of the hardest things to define is what Bitcoin is. Is it digital gold, a medium of exchange or an entirely new financial system? As people continue to fight on Reddit about whether Satoshi built Bitcoin as a store of value or a medium of exchange, would he have envisaged Microsoft would create decentralised IDs using the protocol?

As Bitcoin continues to evolve, it is becoming more apparent that the protocol has the potential to be much more than just money, even more than a new financial system. Bitcoin could change our entire relationship with the Internet, each other and our governments.

I met with Jeremy to discuss the Tweetstorm he published addressing threats to the ad tech industry. I wrote about something similar, the decentralised threat to advertising, the common thread being the growth of data farming by silicon valley behemoths eroding our privacy.

Jeremy identified that Bitcoin has changed the game, creating an imperative for Bitcoiners to protect their privacy. Other large companies are recognising this too, not just Microsoft with their decentralised IDs, but now Apple is stepping up their game with their new privacy-focused login functions. What is clear is that privacy is now in demand and becoming a tool for competition.

In this interview, we quickly moved beyond ad tech and discussed how Bitcoin changes everything, a civilisation change and we may be just scratching the surface. The impact on the Internet and society at large could be profound, killing the freemium web model and giving users much more control over their data and online relationships.

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Helpful Links:

Connect with Jeremy:
- On Twitter @jeremyrwelch
- On LinkedIn
- On Crunchbase
- On Medium
- On AngelList

Casa:
- Website
- OPSEC Checker
- Store
- Twitter
- Crunchbase
- AngelList

Casa Products:
- Keymaster
- Node

Mentioned in the interview:
- Jeremy’s thread on Ad Tech
- My articles:
- The Decentralised Threat to Advertising
- We Need to Talk About Bitcoin Marketing
- Cog x Festival
- Microsoft ion
- Apple Privacy Sign-In
- Sign in with Apple’ button terms and conditions are raising concerns
- What Facebook’s Focus on Privacy Means for Your Business
- Data scandals:
- Cambridge Analytica scandal
- Google’s Turn for a Data Scandal
- Amazon might have a Cambridge Analytica-size problem
- Book: Ogilvy on Advertising
- Mad Men
- Gimlet deal
- What is Ad Tech
- GDPR
- Consumer Privacy Act at Privacy
- Facebook plans June 18th cryptocurrency debut. Here’s what we know
- Facebook As The Ultimate Government Surveillance Tool?
- Triffin Dilemma
- Book: Engines That Move Markets: Technology Investing from Railroads to the Internet and Beyond
- Justin Edinburgh: Leyton Orient fans and players share grief over late manager
- Ludic Fallacy
- Nasaim Taleb Turkey Problem
- Joe Rogan + Andrew Yang
- Balkanisation
- Lopp’s Resources

Other relevant WBD podcasts:
- WBD107: Daniel Buchner on Why Microsoft is Building Decentralised IDs on Bitcoin
- WBD084: Amber Baldet on Surveillance Capitalism
- WBD082: Andreas M. Antonopoulos Podcast Interview - What Happens When Bitcoin Takes Over
- WBD073: Bill Barhydt on How ABRA Is Building a Global Bank With Bitcoin
- WBD067: Gab's Andrew Torba on Why Bitcoin Is Free Speech Money
- WBD056: Alex Gladstein on Why Bitcoin Matters for Freedom
- WBD055: Vijay Boyapati's Bullish Case for Bitcoin
- WBD051: Zac Prince on the Future of Banking With Bitcoin
- WBD047: Adam Back on a Decade of Bitcoin
- WBD045: Brave's Brendan Eich on Fixing Online Advertising
- WBD034: Why Crypto Privacy is Important with Monero's Riccardo "FluffyPony" Spagni

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