Rufus demystifies Web3.0 and the myth of the blockchain revolution by analysing problems with the tech, human psychology, and conflicting incentives.
Rufus Loveridge is a 29-year-old MBA 2023 student at London Business School. British citizen born in London, he read Russian at the University of Bristol and lived in St. Petersburg and Moscow in 2012/13. Prior to LBS, he worked in M&A for Lazard in London, covering consumer goods and industrial companies. He is also a partner in a family-owned property, education and investment company. His interests lie within entrepreneurship, EdTech, VC investing.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
33 Comments
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First comment
My interest topic
You are rubbish
Spoon kid from the matrix grew up
This guy doesn't even understand how blockchains work and what an L2 is…shouldn't have even be uploaded on TEDx
“Complete” rubbish? Seriously? This was a bunch of bullocks
dont give ted talks with limited knowledge
Go to sleep kid
Web3 is still in the making, so him critiquing it as “complete” rubbish when it’s still a work in progress is in and of itself “complete” rubbish
Excellent analysis. I am in IT for 30 years and block chain is completely overhyped.
good question
Why do we need e-mail when we can write a Letter? …
Using ethereum as a comparison to Visa is like using dial-up as a relevant internet connection in this decade. NEAR can do 100k tps with an average cost of less than a cent (and is carbon neutral). Poorly researched.
Dreams, ideas, trial and error = Evolution. If there has to be a Web3 bring it, no matter what the outcome is.. we'll have to learn from it.
the real rubbish is this video🥹
What a lot of 'rubbish' this video turned out to be. And that's me toning it down. I came here to listen to valid arguments, and I heard none.
Türkçe altyazı neden yapmıyorsunuz?
Heard that all regarding the Internet 30 years ago.
Plus, this guy is clearly not informed.
Here come all the cryptobros to defend web3
The key points mentioned in the video don't seem to be very accurate, there are a lot of good crypto projects with high tps and low tx fee, and regarding scams again, most scams involving reputed crypto networks happens only coz of the ignorance from the user's end.
It’s too bad that this entire presentation is using current stats on the ecosystem, once ETH 2.0 goes live then it will make VISA/MASTERCARD look ancient, because they are, like he said…60+year old systems…seems like a big FUD campaign being run by the TED channel
This guy mixed pears and apples and obviously doesn't know so much about crypto, layer 2 solutions and what's happening with ETH 2.0 and other crypto projects…he even mentions Vladimir Lenin and crypto in one sentence and whole subject, how crazy is that 🙄 I cannot believe that TEDx official channel uploaded this video…🤢
Self doubt is always good !! If Warren buffet can be wrong about web2 giants(Amazon) then anybody can be wrong, even you sir 😉
Doesn't seem like a TedX talk. Feels like someone who doesnr believe in evolution or innovation and stating some examples to prove the point. He sounds exactly like someone when internet was new and had all negative things to say
What is the best way to make money from crypto trading, in this dip market?🤔🤔
I'd like to ask everyone a few questions to think about. How can we accomplish world peace? Why are senseless murders and crimes becoming almost an epidemic? Why are we having more viruses break out? Why are the hearts of people growing colder? Why are governments worldwide just not working for the good of its citizens? The answers can be found in the Bible! Jesus explained that these things would grow worse preceding His return. If you don't know Him as your personal Savior, please repent of your sins and give Him your life. He will bring peace and joy in the midst of turmoil. He is our only hope. Why am I telling you this? Because I care where you're going once you leave this earth. Jesus loves you more than you know. I pray you'll make the right decision before it's too late. God Bless.
The understanding of speaker seems to be shallow in terms of understanding of blockchain infrastructure or an intentional omitting of technological developments like L2 on top of Layer 1 blockchain. Sure there are technological advancements to be made.
The biggest proponent of Web3 is you can own your data and not centralized entities. I can earn a million followers on Instagram and Facebook (Meta) can just take away my handle or delete my content is a problem.
The speaker mentions transfer of wealth from one billionaire to another, I'd argue on the contrary that Web3 gives normal folks a shot at being ahead of VCs and benefitting just from being a participant in the ecosystem (Look at ENS airdrop as an example). Sure, there's greed and speculation with meme coins but it's no different than the stock market and what happened with Gamestop, AMC frenzy (that's a people problem and not technological).
Digital assets are the reality of 21st century and adoption would happen sooner or later.
Who the heck is paying $40 to upload data for cryptocurrency? Seriously I've been messing with it for years and I've never heard this. Plus there's all kinds of way to get free data for anyone that wants to spend a little time researching.
Also I'll grant you that web 3 is slower but you're talking about it like it can't be used in combination with web to it wasn't meant to be a standalone system and if you're going to use it that way it is going to have to evolve of course
Crypto has been a massive failure.
I'm done sitting tight for the Award Advance since i acquire $23,000 every 14 days from my investment.
TED is this a joke?