UNCHAINED: The Backstory of How 3 AI Agents Led to the Rise of the Hottest Memecoin, GOAT
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 October 2024
⏱️ 51 minutes
🧾️ Download transcript
Summary
The intersection of artificial intelligence and cryptocurrency is gaining momentum with the rise of memecoins like GOAT, an AI-created token now valued at over $700 million.
The two-week-old GOAT memecoin, which hit a market cap of almost $880 million on Thursday, is captivating everyone in crypto. Not because this is memecoin szn, but because its rise was fueled by an AI called Truth Terminal, which is itself a baby of two other AI models.
Teng Yan, founder of Chain of Thought, joins Unchained to break down how this unexpected AI creation has turned into a phenomenon, why it has captured the attention of the crypto world, and what the future holds for AI-driven tokens.
At the end, Laura also discusses with Unchained’s regulatory reporter Veronica Irwin two interesting and important news stories: who Kamala Harris is vetting for SEC chair and how one Senate race could inadvertently give Senator Elizabeth Warren more power over crypto.
Show highlights:
- How an AI experiment unexpectedly led to the creation of GOAT and sparked interest in AI-generated subcultures
- How "Terminal of Truth" evolved its own personality, gained attention from Marc Andreessen, and began posting about a new "Goat Sea gospel" religion
- How the spelling mistake sparked skepticism about the AI model
- What happened with the $50,000 in BTC that Marc Andreesseen gave to Truth Terminal
- Whether an AI can have its own wallet and what the implications are
- Whether AI memecoins could start surging on other chains
- What we can expect in terms of the proliferation of AI memecoins
- What the future looks like for the intersection of crypto and AI
- Who Kamala Harris is considering for SEC Chair if she wins the U.S. election
- Why one Senate race could give Elizabeth Warren more power over crypto
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Guest
- Teng Yan, Founder of Chain of Thought
- Teng’s article: GOAT: The Gospel of Goatse
Links
- Previous coverage of Unchained on GOAT:
- GOAT Hits a Record $879 Million Market Cap After Brian Armstrong Offers to Help Truth Terminal
- GOAT: How AI Agents Talking Turned Into a $268 Million Memecoin 'Religion'
- Infinite backrooms
- Andy : https://x.com/AndyAyrey
- Andy Ayrey's (creator of Truth Terminal) research paper on LLMtheism:
- Truth Terminal's X account
- Kaito: GOAT’s mindshare
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.
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Transcript
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| 0:49.8 | Thanks for listening to Unchained, your no-hype resource for all things crypto, on the Coin Desk podcast network. You can also listen to the episodes on to Unchained, your no hype resource for all things crypto, on the Coin Desk |
| 0:54.9 | Podcast Network. You can also listen to the episodes on the Unchained feed earlier if you subscribe |
| 1:00.6 | there. Plus, check out all our content on our website, Unchained Crypto.com. Once you give it access to |
| 1:08.4 | tools that allows it to take actions, like for example, having |
| 1:11.5 | his own crypto wallet, having its own ability, for example, to trade tokens, to even potentially |
| 1:17.2 | interact with other smart contracts and create its own tokens, I think that opens up and |
| 1:23.2 | unlocks a lot of potentially interesting things that it can do, right? It can actually start |
| 1:28.2 | to impact the world beyond just its words. And it actually can have like financial impact in |
| 1:33.3 | terms of like buying and selling tokens. Hi, everyone. Welcome to Unchained. You're no high |
| 1:41.4 | resource for all things crypto. I'm your host, Laura Shin, |
| 1:44.5 | author of The Cryptopians. I started keeping crypto nine years ago, and as the senior editor of Forbes, |
| 1:49.5 | was the first Main Tree Meterporter to cover cryptocurrency full-time. This is the October 25th, |
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