Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
The Chopping Block: Why the Lack of a Fee Market Created 'Bread Lines' on Solana
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:
Analyzing the market drawdown Twitter-native NFTs + Crypto Coven LooksRare — real or BS? Solana’s disappointing network performance What broke during the market downturn: OHM, Solend, and MakerDAO Predictions for market action going forward
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
Background on certain topics covered:
Twitter NFTs https://www.theblockcrypto.com/post/131052/twitter-begins-rolling-out-access-to-nft-profile-pictures Loot adding royalties https://twitter.com/DappRadar/status/1486005954520907778 LooksRare versus OpenSea https://dune.xyz/hildobby/LooksRare-VS-OpenSea Tom’s issue w/ Dune queries https://twitter.com/tomhschmidt/status/1485721279663534082 Robert and his Crypto Coven NFT https://twitter.com/rleshner Rune’s tweet about MakerDAO https://twitter.com/RuneKek/status/1484663000443371520 Solana’s poor performance https://www.theblockcrypto.com/post/131278/traders-are-complaining-about-solanas-performance-raising-questions-about-its-status-as-a-wall-street-darling https://twitter.com/solendprotocol/status/1485315186797936646?s=21 Block’s DEX https://www.coindesk.com/business/2021/11/19/square-releases-white-paper-detailing-protocol-for-a-decentralized-bitcoin-exchange/
SyndicateDAO Is Launching Web3 Investment Clubs. Could They Disrupt VCs?
Will Papper and Ian Lee, the two co-founders of Syndicate, join Unchained to announce the release of Syndicate’s new product: Web3 Investment Clubs, an innovation they believe could end up disrupting the web2 investment world, along with the entire venture capital industry. For example, with Web3 Investment Clubs, users will be able to turn an Ethereum wallet address into an investing DAO with just a few clicks, transfer funds without going through banks, and manage a cap-table directly on-chain. Show topics:
what differentiates a Web3 Investment Club club from a normal investment club what on-chain tools Syndicate has built for Web3 Investment Clubs how Web3 Investment Clubs work within existing regulations how Ian and Will met and what inspired them to create Syndicate whether Syndicate plans to decentralize why Will and Ian believe investment DAOs will disrupt the venture capital industry why venture capital firms invested in Syndicate, a company built to disrupt them what Will learned from building Adventure Gold (AGLD), the governance token for Loot what plans Syndicate has for 2022 Thank you to our sponsors!
Beefy Finance: https://beefy.finance
Alchemy Pay: https://alchemypay.org
Twitter: https://twitter.com/WillPapper LinkedIn: https://www.linkedin.com/in/wpapper
Twitter: https://twitter.com/iandaos LinkedIn: https://www.linkedin.com/in/mrianlee/
Twitter: https://twitter.com/SyndicateDAO Website: https://twitter.com/SyndicateDAO
History of AGLD https://twitter.com/WillPapper/status/1484215805478797312 Will Papper’s previous Unchained appearance https://unchainedpodcast.com/constitutiondao-did-not-win-the-auction-but-it-demonstrated-the-power-of-daos/ Will DAOs disrupt crypto venture capital? https://www.coindesk.com/business/2022/01/06/will-daos-replace-crypto-venture-capital/
Why a Coinbase Listing May Not Be a Good Thing for a Token
Fais Khan, author of the Startups and Econ newsletter, dives into his recently published research report, "You Don't Own Web3": A Coinbase Curse and How VCs Sell Crypto to Retail. Show highlights:
whether tokens perform better before or after being listed on Coinbase what relationship a16z, a venture capital firm, has to Coinbase why Fais believes that the poor performance of VC-backed tokens after being listed could be the result of insiders dumping other reasons for a token’s poor performance after being listed on Coinbase besides insiders dumping what type of coin/token went up 1,800% in 2020 why Fais is suspicious of how quickly certain VC-backed tokens were listed on Coinbase whether Fais believes Coinbase or a16z is actually doing something nefarious what sort of regulatory actions he believes would improve crypto what advice Fais has for token investors Thank you to our sponsors!
Is Binance Smart Chain Being Run 'Like the Project of a Stoned Teenager?' Two BSC Execs Answer
Binance Smart Chain is the third largest chain by TVL and its token, BNB, is the third-largest token by market capitalization. However, there are questions about hacks, centralization, lack of developer support, and sketch MEV transactions. On Unchained, Gwendolyn Regina, investment director of the Binance Smart Chain Growth Fund, and Samy Karim, ecosystem coordinator at Binance Smart Chain, give a candid interview discussing BSC, from its amazing growth in 2021 to some of the toughest questions surrounding the chain. Topics covered include:
how and why BSC grew from 50,000 daily active users to about 7 million over the course of 2021 what differentiates Binance Chain and Binance Smart Chain why Binance Smart Chain decided to design its blockchain with only 21 validators how Gwen and Samy envision BSC fitting into a multichain future what plans BSC has to scale its throughput why blockchain gaming is so important to BSC and how it will use its $1 billion growth fund to grow the gaming aspect of the chain how BSC’s relationship between Binance and BNB works In the second half of the show, Sam and Gwendolyn respond to a few critiques, such as:
is BSC really innovating, or is it just a copy and paste blockchain of Ethereum? why are there so many failed transactions on BSC? how is BSC addressing the numerous hacks on the blockchain? why has BSC’s share of total value locked among smart contract blockchains fallen from 20% in May to 6%? how is BSC attempting to help developers, who, according to some critical posts, are struggling to work with BSC? why does it appear that some validators are front running without risk? does BSC have a future if Ethereum scales? what does BSC have planned for 2022? Thank you to our sponsor!
Beefy Finance: https://beefy.finance
Alchemy Pay: https://alchemypay.org
Twitter: https://twitter.com/gwendolynregina?lang=en Website: https://www.gwendolynregina.com/
LinkedIn: https://www.linkedin.com/in/samsulkarim/ Twitter: https://twitter.com/cryp7omaxi
Binance Smart Chain
Website: https://www.binance.org/en Documentation: https://docs.binance.org/index.html Binance Validator Reqs: https://academy.binance.com/en/articles/a-quick-guide-to-bnb-staking-on-binance-smart-chain-bsc Whitepaper: https://dex-bin.bnbstatic.com/static/Whitepaper_%20Binance%20Smart%20Chain.pdf
Binance 2021 Recap
Top BSC apps: https://dappradar.com/rankings/protocol/binance-smart-chain
“Stoned teenager:” https://github.com/binance-chain/bsc/issues/553 NullQubit: https://github.com/binance-chain/bsc/issues/658 Other Larry Cermak: https://twitter.com/lawmaster/status/1359426876440207361 Wilson Withiam: https://twitter.com/WilsonWithiam/status/1381420702918664194 Ryan Watkins: https://twitter.com/RyanWatkins_/status/1381421858675953665
Nansen: https://www.nansen.ai/research/the-binance-smart-chain-scalability-in-action Bison Trails: https://bisontrails.co/guide-to-bsc/ Decrypt: https://decrypt.co/58654/how-binance-put-the-smarts-in-its-smart-chain https://decrypt.co/57420/binance-smart-chain-is-starting-to-rival-ethereum-heres-why Messari (Pro): https://messari.io/article/exploring-the-binance-smart-chain-ecosystem Galaxy Digital: https://docsend.com/view/tdgbf4sfmyd7sr3m
Twitter questions I received about Binance Smart Chain
Why Are NFTs the One Bright Spot in the Crypto Markets? - Ep.309
Avid NFT collector Aftab Hossain (aka @iamDCinvestor on Crypto Twitter) discusses why OpenSea and NFT volumes are popping to start 2022, how LooksRare’s vampire attack is a good thing for the NFT market, and how royalties affect a project’s trading potential. Show topics:
why Aftab thinks NFT floor prices are rising and what role NFT “flippers” have to do with his theory whether the NFT industry could continue growing even if fungible crypto assets enter a bear market how the LooksRare vampire attack on OpenSea works why people are wash trading NFTs on LooksRare why Aftab would choose to list NFTs on LooksRare over OpenSea whether LooksRare’s vampire attack will force OpenSea to decentralize and/or tokenize what sort of NFT projects should have royalties… and which projects shouldn’t Thank you to our sponsors!
LooksRare vampire attack + wash trading: https://decrypt.co/90317/ethereum-nft-market-looksrare-wash-trading https://www.coindesk.com/tech/2022/01/11/one-day-after-launch-opensea-competitor-looksrare-sells-over-100m-in-nfts/ LooksRare: https://twitter.com/LooksRareNFT LooksRare vs OpenSea data: https://dune.xyz/hildobby/LooksRare-VS-OpenSea
NFT volume to start the year: https://cryptopotato.com/opensea-records-over-2-billion-in-trading-volume-early-in-2022/ OpenSea metrics: https://dune.xyz/rchen8/opensea Fred Ehrsam tweet: https://twitter.com/FEhrsam/status/1370414944265572353 The Chopping Block: https://unchainedpodcast.com/the-chopping-block-why-the-crypto-markets-have-been-down-this-week/ Nas NFTs: https://decrypt.co/89881/rap-legend-nas-sells-2-songs-as-nfts-on-dj-3laus-royal-platform https://www.theblockcrypto.com/linked/130123/3lau-backed-platform-royal-crashes-during-first-music-nft-drop-mint-delayed OpenSea IPO rumors: https://decrypt.co/87701/opensea-ipo-criticism-crypto-ethereum-token SushiSwap vampire attack: https://www.theblockcrypto.com/post/76419/uniswap-fork-sushiswap-700-million-total-value-locked
The Chopping Block: Why the Crypto Markets Have Been Down This Week
The Chopping Block is back! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics:
why crypto assets experienced a drawdown after last week’s FOMC meeting that hinted at accelerated rate hikes which emerging assets Tarun, Haseeb, and Tom envision weathering a bear market which assets could be further hurt by a continued bear market the significance of Paradigm and Sequoia investing in Citadel Securities what aspects of Signal CEO Moxie Marlinspike’s web3 article Haseeb, Tom, and Tarun take umbrage with whether Cryptoland is crypto’s Fyre Festival or whether it’s the metaverse what the heck is going on with the Pudgy Penguins community the lessons from the CFTC’s fine of Polymarket (disclosure: a former sponsor of my shows)
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
FOMC = Crypto assets dip https://www.ar.ca/blog/debunking-more-overreactions-to-macro-a-ronin-case-study Paradigm + Sequoia invest in Citadel Securities https://www.coindesk.com/business/2022/01/11/paradigm-sequoia-to-invest-115b-in-citadel-securities-bringing-trading-firm-closer-to-crypto/ Cryptoland https://thenextweb.com/news/welcome-to-cryptoland-real-island-cryptocurrency-fans-analysis Moxie Marlinspike’s first impressions of web3 https://moxie.org/2022/01/07/web3-first-impressions.html Pudgy Penguins drama https://thedefiant.io/fire-on-the-iceberg-pudgy-penguin-holders-eye-coup-amid-acquisition-talks/ Polymarket fined by CFTC https://www.coindesk.com/policy/2022/01/03/cftc-fines-crypto-betting-service-polymarket-14m-for-unregistered-swaps/