CoinDesk’s Money Reimagined

The New Web 3: A Better, Safer and Stronger Internet

Billionaire Frank McCourt discusses the effort to rebuild a better version of the internet from the ground up utilizing the potential of blockchain technologies to address the problems of our current Web 2.

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ABOUT

This episode is sponsored by EY.

In the Web 2 era of the internet, online abuse, loss of autonomy over personal data and the proliferation of disinformation are rampant.

Frank McCourt, billionaire and former owner of the Los Angeles Dodgers baseball team, believes blockchain has the power to solve many of our Web 2 problems by strengthening individual autonomy and harmonizing online communities into one cohesive whole, free from abuse or misinformation. But he's not alone! This idea may seem like a long shot at first glance, given how quickly technology changes nowadays. However, there are those who believe in what McCourt is trying to do with his company-, and everyone is paying attention.

McCourt, now CEO of Unfinished, joins “Money Reimagined” with Michael Casey and Sheila Warren to discuss Project Liberty, an initiative to reimagine the internet from the ground up.

The future internet needs to be built with societal governance at its core. McCourt argues for entirely new protocols designed to follow the principles and governance structures researched and established to address faults within the current web.

A safer internet is on the horizon, one with stronger personal data rights, decentralized power and a balance of truth, trust and transparency.

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine with additional production support from Eleanor Pahl. Our theme song is “Shepard.”


Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MONEYREIMAGINED15 to get 15% off your GA and Pro pass at coindesk.com/consensus2022.

HOSTS

Michael J. Casey

Michael J. Casey is Chairman of The Decentralized AI Society, former Chief Content Officer at CoinDesk and co-author of Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age. Previously, Casey was the CEO of Streambed Media, a company he cofounded to develop provenance data for digital content. He was also a senior advisor at MIT Media Labs's Digital Currency Initiative and a senior lecturer at MIT Sloan School of Management. Prior to joining MIT, Casey spent 18 years at The Wall Street Journal, where his last position was as a senior columnist covering global economic affairs.

Casey has authored five books, including "The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order" and "The Truth Machine: The Blockchain and the Future of Everything," both co-authored with Paul Vigna.

Upon joining CoinDesk full time, Casey resigned from a variety of paid advisory positions. He maintains unpaid posts as an advisor to not-for-profit organizations, including MIT Media Lab's Digital Currency Initiative and The Deep Trust Alliance. He is a shareholder and non-executive chairman of Streambed Media.

Casey owns bitcoin.

Michael J. Casey