The Chopping Block: Why Hacking The DAO Is ‘Something to Be Proud Of’? - Ep.323

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 24 February 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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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. Show topics: their thoughts on The DAO hacker reveal the importance of The DAO and why it made Robert fall in love with crypto how the alleged attacker was found (feat. a deep dive into the Morden testnet and Wasabi) dumb DAOs: why the guys are unimpressed with DAOs seeking to purchase, among other things, the Denver Broncos and fast-food restaurants how to fix price discovery for DAO mergers and acquisitions whether Anchor’s 20% yield on UST is sustainable in light of Luna Foundation Guard’s decision to backstop its reserves with $1 billion in BTC why deploying funds from a large treasury is difficult why the BlockFi fine was not a surprise what lessons the BlockFi settlement taught crypto companies why Tarun still loves Olympus DAO and OHM how EthDenver has changed since the NFT boom 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 Show Topics: The DAO attacker revealed https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/ DAO trying to buy the Denver Broncos https://www.buythebroncos.com/ Fries DAO https://fries.fund/ BlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product https://www.sec.gov/news/press-release/2022-26 Terra and UST receiving backstopped funds https://www.theblockcrypto.com/post/134871/luna-founation-guard-token-sale OHM bonds as Vol-reduction strategy https://twitter.com/tarunchitra/status/1495807277978341385 Eth Denver https://thedefiant.io/ethdenver-scene-cryptopunks-community/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, everybody. Welcome back to the chopping block. Every four weeks, the four of us get
0:06.4	together and give an industry insider's perspective on the crypto topics of the day. So quick
0:10.9	intros. First, we got Tom, the DeFi Maven and Master of Memes. Next up, there's Robert,
0:15.7	Crypto Connoisseur and Captain of Compound. Third, we've got Turun, the Gigabrain, and
0:19.7	Grand Puba at Gauntlet. And finally, myself, I'm Haseeb, Head Heightman at Dragonfly.
0:25.7	All four of us are early stage investors in crypto, but I want to caveat that nothing
0:28.7	we say here is investment advice or legal advice or even life advice. So, Robert, we're
0:34.2	just commenting how incredibly young you look with your beard shave enough. I got the feeling
0:40.0	that Bitcoin's back at 20 bucks with how young you look. How does it feel to be unburdened
0:45.2	by the beard? You know, I shaved clean for the first time in two years. I think it's
0:49.8	going to be the catalyst to bring this out of this temporary bear market. So time will
0:53.8	tell, but ask me in like three weeks if it weren't. Is it part of like being a new father
0:58.8	or you're trying to reinvent yourself? Yeah, exactly. You know, you got to start from a
1:02.6	clean foundation. So, you know, reboot, you know, start eating a little bit healthier,
1:06.8	you know, this week too. So, you know, maybe you'll have a younger fit or maybe, baby,
1:11.8	baby only sees baby face. What's the, looks like you're not doing internet compound.
1:19.0	Yeah, it's a good for sure. Now, it's your first day. I really love decentralized money
1:23.4	markets, you know. Yeah, me too. You know, it's like, I can't wait to see if they exist.
1:28.7	Wow. Is the, is anything weird in the new diet? Anything particularly crypto relevant?
1:33.6	Is it like meat only? No seed oils. No seed oils. Nothing that comes wrapped in plastic.
1:41.4	Nothing processed. Yeah, I feel like since COVID, my diet has gotten a lot worse than what
1:46.2	it used to be pretty good. Yeah. Mine's like, game like 30 pounds. Yeah. I got to work on that.
	...

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