Raoul Pal | CEO of RealVision, GMI, etc. | web3 talks | Sep 29th 2022 | Hosted by Raphael Hyde

Here’s what I’ve gathered as main points from the transcript:

• Crypto/Web3 is a game changer with potential to unlock massive market share and value
• Supply drives tokenization, and corporations see cultural value in brand and community engagement
• Inflation pain: central banks are going back to printing money, leading to uncertainty, and debt servicing consumes profits
• Interest rates rising in fixed income markets, affecting borrowers (e.g., households with heavy debt)
• The world faces issues with identity, KYC documentation, and authentication; solveable with digital certificates and blockchain integration
• Web3 is about rewiring the internet, making it decentralize, and enabling a transparent record of ownership
• Identity problem may be the biggest single challenge holding back web3 adoption
• Authentication in web3: using certificates like digital IDs, NFTs could empower users to control their info; Google’s authentication potential can provide a seamless experience
• Economic landscape: growth is slowing due to debt, interest rates, inflation concerns; central banks’ money creation drives debt; pensions fund deficits
• In his perspective, Raoul Pal recommends investors consider digital assets, Web3 as a new frontier. Web3 solves identity auths, and NFTS & digital certificates enable secure onramps
• Global systems & economies are under pressure - people are passionate about things: music, sports, and crypto for the next generation
• Credit ratings agencies, central banks print more money, and inflation accelerates; the next collapse has already started; in Japan, 70% of govern-ment bonds are owned by BoJ
• Inflation problem due to debt; de facto debt jubilee creates money; central banks control only to keep debt servicing

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