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Unchained

Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge - Ep. 381

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 5 August 2022

⏱️ 79 minutes

🧾️ Download transcript

Summary

Kevin Zhou, co-founder of Galois Capital, comes to talk about the possibility of a Proof of Work chain on Ethereum after the Merge, the LUNA death spiral, how he plans to play the Merge, and much more...    Show highlights: how Kevin got started in crypto  what Galois Capital is and what its investment thesis is why Kevin was more vocal than most about the possibility of the LUNA death spiral whether Kevin made money out of the Terra collapse and what was his strategy what the difficulty bomb in Ethereum is the potential scenarios that could arise after the Merge whether the public is not considering the risks of the Merge how the fact that everybody was telling the same narrative about ETH made Kevin suspicious how Chandler’s statement about forking Ethereum made it a lot more likely that it would happen the groups behind the encouragement of a proof-of-work Ethereum chain whether there is a value proposition for a Proof of Work chain how Kevin used The Cryptopians to remember how the DAO fork went what replay protection is and why it is important when forking a chain why anyone would want to keep the difficulty bomb in a potential proof of work chain Kevin’s predictions about the market cap of the potential Ethereum forks how a proof of work chain of Ethereum would function without the biggest stablecoins like USDT and USDC whether Tether is going to support Ethereum 2 why Kevin writes using metaphors related to history and gaming and how those analogies relate to Ethereum how Kevin wanted to “stick it” to the Ethereum Foundation by offering his services whether Vitalik trolled Kevin on Twitter whether Kevin will apply the same strategy he used with ETC after the DAO fork   Thank you to our sponsors!   1inch:  https://1inch.io/   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021       Kevin Twitter: https://twitter.com/Galois_Capital     ETH2 What is the Merge?: https://ethereum.org/en/upgrades/merge/   Proof of Work Chain Kevin’s analogy: https://twitter.com/Galois_Capital/status/1554053321165512705?s=20 Haseeb’s answer to Kevin’s arguments: https://twitter.com/hosseeb/status/1554163977806000128?s=20 Chandler Guo’s proposal: https://decrypt.co/106409/prominent-chinese-ethereum-miner-wants-to-resist-merge-create-fork Kevin’s consulting offer: https://twitter.com/Galois_Capital/status/1553090706708856832?s=20 BitMEX researchers on the possibility of an Ethereum PoW chain: https://blog.bitmex.com/ethpow-vs-eth2/ CoinDesk article: https://www.coindesk.com/layer2/2022/08/03/who-will-mine-ethereum-after-its-gone/ Poloniex’s announcement: https://twitter.com/poloniex/status/1555085757450272768?s=21&t=jkjNGieNXdY5SgT2e9xhoQ Justin Sun’s support of ETHW: https://twitter.com/justinsuntron/status/1555112296006922240?s=21&t=jkjNGieNXdY5SgT2e9xhoQ   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hi everyone, just a quick heads up that I originally recorded this interview with Kevin

0:06.9

Joe of Galois Capital to release next Tuesday.

0:10.3

But since news was moving quickly on Ethereum's proof-of-work chain, I decided to release

0:14.7

it this Friday.

0:16.0

So today, we'll feature a long interview, no weekly recap, although I do provide some

0:21.2

further updates on proof-of-work Ethereum at the end.

0:24.0

We'll run a short interview with a recap on Tuesday.

0:27.7

And now, enjoy this incredibly interesting and illuminating interview with Kevin.

0:32.6

One-inch is a top-dex aggregator that finds the best rates across multiple networks.

0:38.4

Why use a single-dex when you can use them all?

0:41.8

Get one-inch on your phone now or swap on one-inch.io.

0:47.8

With the Crypto.com app, you can buy, earn, and spend crypto in one place, download and

0:52.9

get $25 with the code Laura, link in the description.

0:57.2

Today's guest is Kevin Joe, co-founder of Galois Capital.

1:01.3

Welcome Kevin.

1:02.3

Hey, how's it going?

1:03.6

Thanks for having me back on.

1:05.3

Right now, you're known for being an Ethereum Godfly, and before that, you were the most

1:10.3

vocal voice projecting the death spiral of the Terra Luna ecosystem.

1:15.0

Both of these things have made you pretty well known, but before we get into all that,

1:19.1

I would like to actually just start with your history in crypto.

1:22.5

You're definitely an OG.

...

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