Everything Gavin Wood said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Wood: Social media retention relies on network effect inertia, not quality
“Look, I mean, people are hooked, right? And they're hooked because of the network effects. It's super, there's huge amounts of inertia. It's not that it's not that the product is necessarily is necessarily, like, so amazing that the individuals are using it pu…”
Wood: 98 percent of Ethereum dApps are not actually decentralized
“If you, half of the, more than half, 98% of the dApps on Ethereum are not really decentralized.”
Wood: Electing politicians cannot fix global societal trust issues
“I don't believe electing a politician is going to do that at all. Like, not a chance. I reckon the world had a pretty decent chance with Obama, and not much changed, right? He got through a, you know, a healthcare bill that was really just US-centric, and that…”
Wood: The internet enabled unprecedented consolidation of centralized power
“I think there is a natural tendency towards those in power to consolidate that power. And I think the internet provided a really effective means to consolidate power on a scale not seen before.”
Wood: Bitcoiners skeptical of Web3 focus too much on NFT hype
“I suspect that the Bitcoin people that are not super keen on the web three people are probably just on the web three movement. Maybe Think of it a little too much in terms of the you know, the NFT hype stuff, rather than the underlying let's say social and tec…”
Wood: Polkadot will underpin a new decentralized social networking protocol
“Yeah, I mean, this is a collaboration. And I'm happy to sort of announce that, you know, Polkadot is, is the, you know, sort of underlying technical framework that you know, this will be implemented upon.”
Wood: Centralized platforms dictating online discourse stifles technological innovation
“As long as we have only, you know, three or four places in the Western world at least, where this discourse is happening and therefore three or three, three or four centralized organizations that get to dictate the rules of the discourse and the forum, the mec…”
Wood: Web3 adoption is an education challenge, not just technological
“It takes a lot of people to understand. It's an education problem as much as it is a technological problem. People have to, like, get their heads around what this is. Like, a lot of Web Two could have been built on the technologies that we had five or 10 years…”
Wood: Blockchains like Bitcoin and Ethereum do not inherently protect privacy
“Blockchain, broadly speaking is a very transparent system. It doesn't help users keep hold of their data right of itself, right? Everything on Bitcoin is on them. It's a public ledger. You can see all the transactions that happen. Same with Ethereum.”
Wood: Web3 and Bitcoin communities share fundamental societal improvement goals
“I suspect that modulo a few A few of the sort of let's say less less in it for the movement, more in it for the money people on both sides. I think there is a lot of shared desire to use this technology to really you know, help get society onto a better footin…”
Wood: Project Liberty uses blockchain for permissioning, not data storage
“So at least with Project Liberty, this is, the blockchain isn't going to be used as like a means of, like a data depository. It's really more as, like, a permissioning infrastructure. And then all of the data stuff comes on top of that. Like, all of the data s…”
Wood: Polkadot targets beyond thousands of transactions per second by 2026
“We're really looking to push beyond this, like even thousands of transactions per second. That's like a bit of a sort of a goal right now and looking in the next three or four years to be orders of magnitude greater.”