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What’s going on in Ukraine, can crypto eliminate poverty? And why dads are important

Forward

Humanity Forward Productions

Society & Culture

4.83.2K Ratings

🗓️ 24 February 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

Andrew and Zach discuss Russia’s invasion of Ukraine and how crypto can create a version of basic income. Watch this episode on YouTube: https://youtu.be/eGZ8FiVZfmQ Follow Zach Graumann: https://twitter.com/zach_graumann | https://instagram.com/zachgraumann Follow Andrew Yang: https://twitter.com/andrewyang | https://forwardparty.com To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

You have a space in an industry that now has a market cap collectively of over two trillion dollars

0:10.0

that did not exist seven years ago. Right. And I've met now hundreds of people who've had their

0:16.8

lives transformed economically, including a lot of creators who were producing things and we're

0:22.8

having a hard time accessing the market because the media market and the art market in particular,

0:26.8

very, very narrow and institutionalized. But through NFTs, they've been able to command

0:33.7

incomes that they never could have imagined. You can have mechanics where a creator gets paid

0:38.8

for a resale in a way that was never possible before. You start talking to these folks and you

0:44.2

realize, wait a minute, like, you know, some of you have the equivalent of a universal-based income.

0:48.7

Some of you have the equivalent of these kind of social economies that I was writing about back in 2017,

0:57.1

2018 that have come alive. This is to me one of the most profound opportunities, maybe the

1:03.0

most profound opportunity to fight poverty. That's on the table right now. I mean, what are the other

1:07.5

major opportunities to fight poverty? Lobby Congress for the enhanced child tax credit, which we're doing.

1:13.4

But one of the cases we're making right now is that DC is kind of broken in dysfunctional.

1:21.0

That's your situation. You still try and push, push, push. Then you try to reform the system.

1:26.6

But you also look around and say, wait, there are whole new economies that are emerging,

1:32.4

that are being enabled by digital currencies and other innovations. Let's try and make the most of

1:38.5

that. And if you have a space that's worth trillions of dollars, one of my personal ambitions by

1:45.0

coming in and saying, look, we have to demonstrate that this can be used to benefit a broader

1:50.3

public than maybe it's perceived to or maybe that it is right now. Let's take a billion and

1:56.4

fight some poverty with it and then show people what can be done. I mean, a billion would be a very

2:00.0

small fraction of what's happening in Web 3. So I'm pumped about it.

2:15.9

This week on forward, Russia encroaching possibly invading Ukraine, Web 3 are time at

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