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Unchained

The Chopping Block: How to Improve DeFi and Cross-Chain Bridge Security - Ep.343

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 21 April 2022

⏱️ 77 minutes

🧾️ Download transcript

Summary

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this episode, Laura Shin, the host of Unchained and author of The Cryptopians, also joined the conversation. Show topics: how people have responded to The Cryptopians why traditional publishers were reticent to publish the story revealing the alleged DAO attacker’s identity what lessons can be learned from North Korea’s alleged involvement in the Ronin bridge exploit what zero-knowledge proofs work and how a miscalculation in a whitepaper almost caused major issues in the crypto world this week how math proofs and reporting specifications work in the crypto space why security engineers, like samczsun, are so hard to come by how an attacker was able to steal ~$80 million from Beanstalk in a governance attack  @hosseeb vs. @haseeb  the difference between being in crypto and covering it as a journalist – and why Laura sees herself as more a “referee” than a participant in the crypto space whether DeFi hackers can actually cash out of their positions why Tarun is worried about Ethereum’s security in the wake of the merge being delayed even further what staking derivatives are, and how traditional are using Lido to lever up why traditional funds getting into crypto has Tarun worried about Anchor  why the guys think Cosmos is more popular than Polkadot Episode Links   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  Laura Shin, the crypto referee https://twitter.com/laurashin    Helpful Information North Korea’s interest in crypto:  https://unchainedpodcast.com/why-north-korea-is-interested-in-cryptocurrency/  The Merge delayed https://unchainedpodcast.com/why-ethereums-merge-was-delayed-and-why-it-wont-reduce-gas-fees-much/  https://bitcoinist.com/ethereum-merge-headed-for-another-delay/ https://twitter.com/korpi87/status/1513459657381068812 Beanstalk rekt for $180M https://www.theblockcrypto.com/linked/142272/ethereum-based-stablecoin-protocol-beanstalk-loses-more-than-80-million-to-exploit Crazy attack using flash loans to insta-ship governance proposals: https://rekt.news/beanstalk-rekt/ https://twitter.com/kelvinfichter/status/1515735718840184835    The Cryptopians   http://bit.ly/cryptopians    UST and Anchor worries   https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/   Lido and centralization   https://www.suresats.com/post/ethereum-s-centralization-dilemma-through-lido-staking   Cosmos vs. Polkadot   https://medium.com/coinmonks/polkadot-vs-cosmos-which-one-is-the-best-246e67b25d6c    MakerDAO technical docs   https://docs.makerdao.com/   Zero-Knowledge explainer   https://www.notboring.co/p/zero-knowledge Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everybody. Welcome to the shopping block. Every four weeks, the few of us get together

0:06.6

and give the industry and side of perspectives on the crypto topics of the day. So quick

0:11.4

intros. First off, we have Tom, DeFi, Maven, and Master of Memes. Next, we have Taroon,

0:16.0

the Gigabrain, and Grand Puba at Gauntlet. Then we have Laura. She is the CEO of the show

0:21.8

as how she asked me to intro her. Oh, please, you just called me that and you said, I'm

0:27.0

asking you how you wanted to be intro and you said the CEO of the show. So I said,

0:30.3

fine. Okay, actually just called me that. And before you said, you were looking for a way

0:34.8

to intro me and I said, just call me that then. Fair enough. Fair enough. Okay. So she is,

0:38.6

she is the CEO of the show and she is a chief journalist and on the shopping block. And then

0:43.4

my self-sebe head height man at Dragonfly. So all four of us, or sorry, which is a three of us,

0:48.4

our early stage investors in crypto. But I want to caveat that nothing we say here is investment

0:52.8

advice, life advice, or legal advice for that matter. So this is our first show that we're

0:59.6

doing in person. It's honestly kind of weird because every show in the past that we've done

1:04.2

up till now has been over Zoom. And now, if a sudden we're sitting here in this like hot studio

1:09.7

and Manhattan. And it's like, it's suddenly breaking the fourth wall a little bit compared to

1:15.4

how we usually do things. And it's also weird because it's like so close. We're like still kind of

1:19.6

in COVID. Well, like everybody's super sick of COVID. And yeah, they just lifted the mask mandates.

1:25.9

You know, it's now you don't have to wear a mask in Uber. You don't have to wear a mask in a plane.

1:29.6

Nobody in the subway is wearing masks. So it's very, very different environment. I just came

1:33.5

from Singapore, which is the exact opposite where people are still extremely technically the

1:38.6

mask mandate in Singapore is lifted. But almost everyone there is still wearing masks,

1:43.2

even outside, which is bizarre because it's extremely hot in Singapore. It's like, you guys

...

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