How Satoshi Nakamoto and Vitalik Buterin Inspired Key Parts of Celestia - Ep. 672

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 12 July 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mustafa Al-Bassam was a teenage hacktivist who outsmarted a US government contractor, shamed the Westboro Baptist Church, hacked Sony a record number of times, and eventually got arrested—though his 80 transgressions got halved for a funny reason. At the Modular Summit in Brussels, Laura had a fireside chat with Mustafa to discuss how he went from his teenage years as the head of LulzSec and member of Anonymous to founding Celestia, a project aiming to solve key issues in blockchain scalability by going with a modular approach. He also discussed data availability sampling, why he believes Celestia has achieved significant product-market fit since its launch, and the three key components of Celestia’s road map. Show highlights: 00:00 Intro 01:47 Mustafa’s origin story and how he became a developer who ended up hacking FBI affiliates and Fox News 05:32 How he hacked a military contractor to the US Department of Defense and Sony 09:16 Why Mustafa was arrested at the age of 16 11:14 What about Bitcoin attracted his attention and got him interested in the industry 15:22 Why he founded Celestia, after doing a PhD in scaling blockchains and understanding the problems of sharding 21:16 What data availability sampling is and why it is important 23:52 Why Mustafa believes that Celestia has had “extreme product market fit” since the launch 26:16 What’s next for Celestia and why Mustafa is so excited about the possibilities that increased block size can enable 29:36 How Celestia is working with zero knowledge accounts for defragmenting liquidity in rollups and access liquidity even within the Cosmos ecosystem 30:57 What the endgame for Celestia and the overall industry looks like, according to Mustafa 37:36 Q&A with the audience 44:44 Crypto News Recap Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot PlayFi Labs Guest Mustafa Al-Bassam, co-founder of Celestia Labs. Previous appearance on Unchained: Why the Celestia Team Sees a Future With 10,000 Roll-Ups Links Previous coverage of Unchained on modular blockchains: Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate What Are Modular Blockchains? A Beginner's Guide Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone, Laura here.
0:03.0	I'm in Brussels this week for ECC and other events such as Open Finance Day and Modular Summit.
0:09.0	It's been a really lovely time and I've met a bunch of great people.
0:12.0	At Modular Summit hosted by
0:14.2	Celestia and Raven 11, I had a fireside chat with Mustafa Albusam, the
0:19.1	co-founder of Celestia and the CEO of Celessia Labs. It was a really fun and entertaining conversation
0:24.8	since he regaled us with tales of his time hacking a range of organizations
0:29.2	such as the US government contractor and the Westboro Baptist Church. From there we moved on
0:34.6	to how his journey into Bitcoin ended up with him co-founding Celestia and then got
0:39.7	into some of Celestia's current roadmap and what exciting new features are on the way.
0:44.0	I hope you enjoy our chat and now on to the conversation with Mustafa.
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	...

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