Review: Uncensored Crypto docuseries episode #3

I just checked out the Uncensored Crypto docuseries episode 3, and it was great. The docuseries is getting into some really fascinating topics around blockchain and cryptocurrency only in the first few episodes. It’s not slacking on valuable content and it will definitely help you understand some of these complex topics better. If you haven’t been watching already, be sure to watch the episodes before Uncensored Crypto docuseries episode 3. Once you’ve gotten yourself caught up, you’ll be ready for the rest of the jam-packed episodes.

The docuseries is a comprehensive walkthrough of everything important in crypto, diving in and explaining things that would take weeks to research on your own. Thankfully, in one single place, you can hear directly from crypto experts about what’s happening in their sectors and listen to them explain it to you in their own words. That’s why I’m really enjoying this docuseries. Even as someone who is constantly reading and writing about crypto, I’m learning a ton from watching. I promise it will save you a lot of time trying to research and grasp the complicated space on your own.

Uncensored Crypto docuseries episode 3 overview

Since I know you’re eager to watch Uncensored Crypto docuseries episode 3 yourself, I won’t spoil it too much. I’ll just give you a basic overview of the topics.

Decentralization

“If you fundamentally believe in the idea of a centralized thing, you’re bumping into a thing that fundamentally doesn’t believe in that thing, right? And so, there’s a clash of worldviews that are at a fundamental level.” -Commodore, Co-Creator, Krause House DAO

When people first begin to hear about and think about decentralization (as you yourself may be), it definitely takes a mindset shift. Especially in our technology-heavy age, we often don’t even think about the fact that almost every government, company, service, and platform we use is completely centralized, which means we’re at the mercy of small groups of people who have control. It’s also not immediately obvious to most people why that’s a bad thing. But once you see it, you can’t unsee it and you begin itching to decentralize everything. “Put it on the blockchain!” is definitely a phrase I started saying in college—and I’m still saying it today.

Web3

“In Web3 you will own your data. Your data will be protected by blockchain, by cryptography, and the new Facebook, or whatever its name will be, will not know what’s in the little box of your data.” Jerry Tang, Co-Founder & CEO at VCV Digital Group

The internet will probably need to be broken down and rebuilt piece by piece before Web3 completely replaces the current internet. But, considering the entire, massive, and unfathomable infrastructure of today’s internet was built in just a couple of decades, it bodes well for new technologies like the decentralized web that can improve security and sovereignty online. If you don’t know what Web3 is, you can certainly read more about it and about how centralization is a danger to your digital identity. But Uncensored Crypto docuseries episode 3 covers it in even greater and more interesting detail.

Decentralized exchanges

“There’s no Fed. There’s no bureaucrats. There’s no politicians. There’s no interest rate manipulators. It’s really just us and the code and our own assets. Where the role that exchanges play in the ecosystem is that they let you trade between assets.” –Alan Van Taoi, THORChain and creator of RUNEBase.org

Since the DeFi (decentralized finance) summer of 2020, decentralized exchanges (DEXs) have sprung up everywhere. One of the things that’s so attractive about them is that they’re trustless and permissionless. That means there are no middlemen gatekeeping who’s allowed to trade and exchange assets and how much it costs them. Blockchain, smart contracts, and automated market makers (AMMs) have completely revolutionized how decentralized exchanges work in the cryptocurrency world.

Trust and governance

“You will see in six years, more traditional nation-states adopting a similar system of governance because they will be under the pressure of their electorate or there will be a really big need to bring in more transparency to the way the governments are running themselves.” -Vít Jedlička, President of Free Republic of Liberland

Similar to centralization as a general concept, trust and centralization specifically in government is a huge problem. All you have to do is visit a country like Cuba, Russia, or even Australia to see the dangers of centralized governments that force “trust” onto their citizenry. One of the solutions blockchain and cryptocurrency hope to provide is decentralized, trustless governance. If the way cryptocurrency companies are decentrally governed can be scaled to cities and even countries, governments can become more transparent and more democratized. 

DAOs

“One thing for me that is really important is decentralized decision-making. It’s not just a few people at the top or a committee that can make decisions, but everyone can contribute their ideas for others to evaluate, and so on. And you end up having this meritocracy of ideas because the best ideas can come from anywhere.” -Daniel Ospina, Head of Governance, Aragon

There’s an awesome segment on decentralized autonomous organizations (DAOs) in Uncensored Crypto docuseries episode 3. It’s a pretty big topic and you could read article after article about DAOs and still have more to learn about them. The long and short of it, however, is that DAOs are organizations or companies that are governed by the community and investors rather than by administrators or boards of directors. Those who hold governance tokens can participate and vote on how funds are spent, development decisions, and any issue that’s submitted as a proposal. DAOs and governance tokens are becoming more popular and look like they’ll be one of the continuing trends in DeFi for the next year.

Conclusion

You won’t regret watching Uncensored Crypto docuseries episode 3. In fact, I don’t think you regret watching the entire docuseries. Because I write about cryptocurrency all the time, one of the most common things people say to me is, “I don’t even know what blockchain or cryptocurrency is.” And, until recently, I wouldn’t have blamed people because it’s been pretty confusing and complicated trying to find clear explanations about cryptocurrency for the last decade. Many people would kind of like to “get it,” but the effort hasn’t been worth it in the past. But nowadays, there is more information being published that’s easier to understand. That is exactly what this docuseries is trying to accomplish for you. I hope you are enjoying it as much as I am.