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Unchained

The Chopping Block: 'Code Is Law' Is 'Obviously Not How Anything Works Ever' - Ep. 411

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 22 October 2022

⏱️ 56 minutes

🧾️ Download transcript

Summary

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry.  Show topics: Everyone’s impression of Laura’s interview with Do Kwon The importance to differentiate failure and fraud The Mango Markets hack and whether code is law What happened with the BNB hack and the concerns it raised about decentralization Magic Eden’s decision to enable optional royalties and the debate about NFT royalties How creators are going to find a way around the royalties, according to Robert Whether NFTs should be treated as securities Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Tarun Chitra, managing partner at Robot Ventures Robert Leshner, founder of Compound  Tom Schmidt, general partner at Dragonfly Capital Episode Links Laura’s interview with Do Kwon:Do Kwon of Terra: ‘It Was Never Really About Money or Fame or Success’ Hacks Mango Markets Mango Markets $42M Reimbursement Proposal Passes Mango Markets Exploiter Returns $67M After Revealing His Identity Mango Markets Hacker Proposes Keeping $70M ‘Bad Debt’ As Bounty Solana’s Mango Markets Sees $100M Drained in DeFi Exploit BNB BNB Smart Chain Plans Hard Fork In Response to $100M Exploit Binance Chain Was Halted Amid Hack Rumors NFT Royalties Magic Eden Magic Eden Moves to Optional Royalties and Heats Up the Debate TCB Debate Tom’s tweet: “turns out people don’t want to pay royalties” Robert’s request for a startup Previous episodes of The Chopping Block debating NFT Royalties: The Chopping Block: Was This Gary Gensler’s Most Liked Tweet? The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Not as dividend, it's a tale of two puns.

0:02.4

Now, your losses are on someone else's balance.

0:05.2

Generally speaking, air drops are kind of pointless anyways.

0:08.0

I manage trading firms who are very involved.

0:10.6

I like that heat of the ultimate problem.

0:12.8

DeFi protocols are the antidote to this problem.

0:17.4

All right.

0:18.7

Hello, everybody, and welcome to the chopping block.

0:20.8

Every couple of weeks, the four of us get together

0:22.4

and give the industry insider's perspectives

0:24.2

on the crypto topics of the day.

0:26.4

So, quick intros.

0:27.6

First up, we got Tom, the DeFi Maven, and Master of Memes.

0:30.5

Next up, we got Robert, the crypto connoisseur,

0:32.4

and Captain of Compound.

0:34.0

Next, we've got Turun, Gigabrain, and Grand Puba at Convert.

0:37.6

And then finally, myself, I'm a seed.

0:39.2

I'm a head height man at Dragonfly.

0:41.4

So, the four of us are early stage investors in crypto,

0:43.2

but I want to caveat that nothing we say here

0:45.2

is investment advice, legal advice, or even life advice.

0:49.1

So, guys, it's been a bit of a crazy week.

...

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