The power of bounties and the potential of blockchain technology for businesses. They explore the concept of BountyBot and its role in incentivizing developers and builders to complete tasks. Greg explains the need for node infrastructure in blockchain and the mission of Rivet.cloud. They also discuss the challenges of explaining blockchain to executives and the benefits and trade-offs of using blockchain in business. The conversation covers topics such as governance, decentralization, designing a DAO system, understanding Web3 and blockchain, and opportunities in the space.

Greg: https://warpcast.com/designheretic

Chapters

00:00 Introduction and Background

01:15 Rivet.cloud: Building Node Infrastructure for Blockchain

03:00 BountyBot and Farcaster: Leveraging the Power of Bounties

08:21 The Power of Bounties for Creative Solutions

12:20 Explaining Blockchain to Executives

19:18 The Limitations of Computation in Blockchain

23:00 Benefits and Trade-offs of Blockchain for Executives

33:00 Applying Blockchain in Business

35:04 Use Cases for Blockchain in Business

37:40 Governance and Decentralization

55:42 Designing a DAO System

01:08:51 Understanding Web3 and Blockchain

01:15:29 Opportunities in Web3 and Blockchain