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How to Explain Web 3 to Web 2 Friends
Episode 2931st September 2022 • NFT Business Show • Nifty Business
00:00:00 00:13:25

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NFT and crypto enthusiasts are still having a hard time explaining Web3 in plain English. The leaders of Web 3.0 companies met with the US Congress on December 8, 2021. Brian P. Brooks, CEO, of Bitfury Group, beautifully explained Web 3.0. Today we will revisit this timeless clip to help onboard new people into the space

Full Congressional Hearing on Youtube: https://youtu.be/4oOTvtupND8

Video Timestamps:

Brian Brooks Q&A Timestamps:

Intro - 24:23

Main content for this episode - 52:26

Crypto volatility - 1:09:39

USD status as reserve currency - 1:26:53

Decentralized vs central control - 1:31:35

Amazing crypto to baseball analogy - 1:48:49

Law Enforcement in a Decentralized System - 2:08:56

Blockchain enhances cybersecurity - 2:46:50

Why big banks fight crypto - 3:41:31


12 Eth Essentials: 12 Ethereum Essentials

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NFT 101 Episodes:

#36 - Web 3.0 Explained

#225 - NFTs Explained

#30 - 10 Reasons to Buy NFTs

#7 - NFT Words & Verbiage

#47 - NFT Words & Verbiage Part II

#97 - NFT Words & Verbiage Part III


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Recommended Reading for Web3 Enthusiasts:

The Bitcoin Standard: https://amzn.to/3K31jvL

The 10 Best-Ever Anxiety Management Techniques: https://amzn.to/3YphPL2

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