The Chopping Block: Unraveling the SEC Hack, Futarchy, and Twitter Trolls - Ep. 593

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 11 January 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Welcome to The Chopping Block, where crypto experts Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner bring you inside perspectives on critical topics in the crypto world. In this episode, they're joined by Gwart, the caustic comedian of Crypto Twitter, as they explore questions like: What is Gwart's stance on the overhyped nature of DAOs and governance in crypto? How does Gwart view the potential and risks of NFTs, particularly Bitcoin-based Ordinals? The team also dives into the recent SEC Twitter hack - what does this incident reveal about market manipulation and the importance of cybersecurity? They then explore the competitive landscape of Bitcoin ETFs, discussing the implications of their fee structures. Finally, they consider the significance of developing crypto infrastructure that resonates with the average user, not just the niche crypto enthusiast. Tune in for an engaging exploration of these pivotal questions shaping the future of cryptocurrency. Show highlights: 🔹The concept of Ethereum alignment and its origins 🔹The SEC's Twitter account being hacked and a fake BTC ETF approval tweet 🔹Fees for different ETF issuers and Grayscale's fee reduction for GBTC 🔹The SEC's Twitter account being hacked and the fake BTC ETF approval tweet 🔹The potential use case of prediction markets in Taiwanese elections 🔹Imprisonment of individuals in Taiwan for betting on the election through PolyMarket 🔹Discussion on the concept of futarchy and its potential implementation 🔹The prevalence of centralized exchanges and their impact on user adoption 🔹Gwart's role as an observer and heckler in the crypto space 🔹Building infrastructure for onboarding users in crypto 🔹The dichotomy between the ideal of decentralization and the reality of user adoption 🔹Criticism of DAO governance and lack of significant innovation Hosts Haseeb Qureshi, Managing Partner at Dragonfly Robert Leshner, Founder of Compound Tom Schmidt, General Partner at Dragonfly Tarun Chitra, Managing Partner at Robot Ventures Guest Gwart, Crypto Twitter Icon Disclosures Links Justin Drake on Bankless’ “57 - Ultra Sound Money | Justin Drake”: https://youtu.be/bWqhn1hXvVc Justin Drake on “ETH’s Biggest Upgrade Since EIP1559 | MEV Burn w/ Justin Drake and Dom”: https://youtu.be/nb7x7n8Ga3U Eliezer Yudkowsky – “AI Alignment: Why It's Hard, and Where to Start”: https://youtu.be/EUjc1WuyPT8 Eliezer Yudkowsky - “Why AI Will Kill Us, Aligning LLMs, Nature of Intelligence, SciFi, & Rationality”: https://www.dwarkeshpatel.com/p/eliezer-yudkowsky Vitalik Buterin’s “An Introduction to Futarchy”: https://blog.ethereum.org/2014/08/21/introduction-futarchy Arthur Breitman’s “Towards Futarchy in Tezos”: https://medium.com/tezos/towards-futarchy-in-tezos-54a7b8926967 “More arrests for betting crypto on Taiwan election via blocked website” by Jono Thomson (Taiwan News, Staff Writer): https://www.taiwannews.com.tw/en/news/5070386 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you like the Unchained Podcast, get more interviews with up-and-coming projects or
0:04.8	inside scoops on the news that don't quite make it to the main show by
0:08.2	standing up for our premium subscription. You'll also receive transcripts of the Tuesday episodes and access to a subscriber-only chat group.
0:16.0	To sign up, go to unchain crypto.substack.com and click on premium.
0:21.0	And now, building out like infrastructure surrounding this of course is is
0:25.4	important but we need to be realistic in terms of like on boarding users it's not like
0:29.1	most people need to be able to 100X the dog with Hatcoin you know what I mean?
0:35.5	This isn't what people need. Not a dividend. It's a tale of two quand. Now your
0:40.8	losses are on someone else's balance.
0:42.8	Generally speaking, aircrafts are kind of pointless anyways.
0:45.4	I'm in the trading firms who are very involved.
0:48.4	I like that eat is the ultimate pump.
0:50.6	D-5 protocols are the antidote to this problem.
0:54.0	Hello everybody, welcome to the chopping block.
0:56.0	Every couple weeks the four of us get together and give the industry insiders perspective on the
1:00.0	scripted topics of the day.
1:01.8	So quick intro, first you got Tom, the Defy Maven,
1:03.9	and Master of Meabs.
1:06.2	Hello, everyone.
1:07.6	Next we've got Taroon, the Giga Brain, and Grand Puba
1:09.9	at Gauntlet.
1:11.4	Yo. And today we've got special guest, Gwart, the Kostick
	...

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