The Chopping Block: Did Andre Cronje Pull an Epic Crypto Rug Pull? - Ep.348

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 5 May 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this episode, Andre Cronje, the recently retired (sort of) DeFi developer, also joined the conversation. Show topics: why being doxxed led to Andre retiring (sort of) from crypto Andre’s response to Robert who calledl his departure from DeFi “an epic rug pull” why Andre is back – and why he is working on “regulated” crypto products how the Otherside KYC’d NFT drop was an “absolute fail” where identity fits into the crypto space and why traditional and DeFi institutions alike are interested in the identity of their users Dalle 2 why the Bored Ape community likely sees the Yuga Labs Otherdeed NFT sale as a turning point why Robert would compare buying a BAYC NFT last year to purchasing BTC in 2010 main takeaways from Solana’s seven-hour outage and why designing a mempool (or multiple) is critical for the chain Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra Robert Leshner, founder of Compound https://twitter.com/rleshner Guest Andre Cronje, DeFi OG https://www.linkedin.com/in/andre-cronje Show Topics Andre Cronje’s Retirement https://unchainedpodcast.com/this-defi-og-is-leaving-crypto/ Andre Cronje’s return to regulated crypto https://andrecronje.medium.com/crypto-regulation-vs-regulated-crypto-aae56b36dcd8 Solana outage https://www.theblockcrypto.com/linked/144639/solana-restarted-after-seven-hour-outage-caused-by-surge-of-transactions https://twitter.com/0xEdgar/status/1521188981538537472 https://github.com/metaplex-foundation/metaplex-program-library/pull/417 Yuga Labs rakes in $317MM from the sale of Otherside land NFTs and causes huge congestion on Ethereum. https://www.theblockcrypto.com/linked/144549/otherside-land-nfts-sell-out-in-hours-as-yuga-labs-rakes-in-317-million Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everybody, welcome to the chopping block. Every couple weeks, the four of us get together
0:04.4	and give the industry insider's perspective on the crypto topics of the day.
0:08.4	So quick intro is first we got Tom, the DeFi Maven and Master of Memes. Next up we've
0:12.5	got Robert, Crypto Connoisseur and Captain of Compound. Next we have Terune, the Gigabrain
0:17.2	and Grand Poo-Bod Connet. And then we have C, Myself, the head height man at Dragonfly.
0:22.1	Of course, we today have a special guest joining us, the great and illustrious Andre Cronier,
0:27.3	who's coming out of his early retirement to grace us with his presence and give us his
0:32.2	perspectives. Hey Andre, good to have you.
0:35.0	Yeah, thanks for that intro. I think nowadays it's more Scam-Drey or Rug-Drey or Rug-Villain
0:42.8	or I hear those more often than anything positive. So when you do the little label for
0:49.2	the show, maybe Crypto-Villain, maybe that's a good one to go for?
0:52.6	I'd be okay with Crypto-Villain. Scam-Drey is an interesting attempt at nickname. I haven't
0:58.5	heard that, but yeah, Crypto Twitter can be a bit like recess. It's a little brutal.
1:05.4	But real quick, before I start off the show, I just want to say all four of us, I guess
1:09.0	maybe five of us in some sense are early stage investors in crypto. But I want to
1:12.8	caveat, nothing we say here is investment advice or legal advice or even life advice.
1:17.6	So Andre, how's retirement? Are you retired?
1:23.0	It isn't. So retirement, not that fortunate or lucky yet. At this point in time, it's
1:30.1	just a different vertical. DeFi just wasn't for me anymore. That's really the only shift.
1:37.3	It's an industry that I think is still going to do well and I think it is still going to
1:42.0	evolve well. I think being an doxed individual, there's just more and more and more risk to
1:50.6	participate in traditional DeFi systems. And for that reason, originally, the plan was
	...

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