@jack Dorsey
jack Dorsey
#Tech and Freedom
(Fragment 1)
Okay. Thank you all. First I just want to express my gratitude to Rick for curating this festival and Feta for making it all happen. Just a round of applause for them. It's been a beautiful weekend.
So, we're going to talk about permission and all the things that you have to ask for permission for in your life. Some of these things you probably don't realize. Some of them you do. And we're going to talk about how technology can take away that need to ask for permission and actually how to practice it.
And this is a talk. This is a conversation. So, if you have a question, if you want me to repeat something, if you want me to go deeper into something you don't understand ― a concept ― just raise your hand and we'll run a mic over to you. If you get bored, you need a cigarette, you need an espresso, you need to walk out ― it's too hot ― there's no judgment, no bad feeling. Everyone comes at this at the time they need to come in. So don't feel bad about walking out and blowing this whole thing off either. We're broadcasting globally as well and I'm super excited to be here to talk about this.
So, next slide. So, everything you see on this slide ― (1) money, (2) speech, and (3) intelligence ― today, you have to to ask for a permission to interact.
I'm sure you all have had an experience of going to a bank, and you put money in, and you put more money in, and you put more money in, and then you need the money, and you need to take some out, and you need to talk with someone about taking out. In some cases, they may block you from taking that money out. In some cases, they may hold the money. In some cases, they say, I don't know where the money went. It's disappeared.
But to even participate in this economy today you need permission. You need permission from your government to actually use the currency that you have in your pocket. You need permission from your bank of course, and every single person you interact with also requires that permission just to participate. There's no freedom in this. It's all friction, and some of that friction is good to minimize fraud and minimize criminal activity. But most of you in this room and online have to pay a pretty significant cost to protect against those things.
(To be continued)