Proof of Talk: The Cryptocurrency Podcast

Andrei Badoiu
Proof of Talk: The Cryptocurrency Podcast

Proof of Talk is a technology-focused cryptocurrency podcast where we invite leaders and builders in the space to discuss their experiences in the industry and the projects they're developing. Proof of Talk is the definitive cryptocurrency podcast for tech enthusiasts, builders, and entrepreneurs with a "tinkerer" mindset, and anyone who wants to stay up to date with the latest blockchain innovations and products. Hosted by Andrei, a seasoned expert in the cryptocurrency space since 2017 and the co-founder of the algorithmic cryptocurrency trading platform Aesir [https://aesircrypto.com], Proof of Talk delivers unparalleled insights and expertise from the forefront of the crypto world.

  1. 12/16/2024 · VIDEO

    #36 - Verifiable decentralised compute and RWA tokenisation with Blane Sims

    Blane is the Chief Product Officer at Truebit. He focuses on building verifiable compute solutions that bring greater trust to blockchain-based systems. The industry has produced solutions for scaling, tokenizing assets, and integrating artificial intelligence, but ensuring security and authenticity remains a core challenge. Blane from Truebit discusses how verification layers and decentralized compute can bolster trust, reduce risk, and streamline complex automated transactions. Securing Data Beyond the Blockchain The conversation begins with a reminder that high-value crypto participants can fall victim to scams and phishing attempts. These incidents, often driven by social engineering and fraudulent requests for signatures, highlight a lingering issue: while the blockchain ledger is secure, the pathways that feed it information and instructions can be compromised. Many problems arise at the off-chain interface—where external data and code feed into smart contracts. Traditional bridging and cross-chain operations, as well as interactions with external APIs and off-chain services, have repeatedly proven vulnerable. To address this, Blane explains that verification technology can certify both the data sources and the processes involved. By revealing how inputs are obtained and transformed before they reach the blockchain, solutions like Truebit's verification layer help ensure that the final on-chain state reflects an untampered series of off-chain computations. By using a decentralized network of nodes and game-theoretic mechanisms, verification platforms can spot discrepancies in computation results. As a result, developers gain a higher level of assurance without giving up the flexibility or complexity of off-chain workflows. This unlocks a future where Web2 and Web3 integration is safer and less reliant on trusting a single service provider. Tokenization and Real-World Assets Tokenization of real-world assets—stablecoins, commodities, even automobiles—has become a major trend, promising more efficient, accessible markets. Yet tokenization only works if participants trust that the underlying assets are truly what they claim to be. Without a verification layer, someone might claim reserves that do not exist or introduce false data that skews pricing or eligibility for trades. Verification tools help confirm off-chain data, such as proof-of-reserves or asset conditions, before they enter the blockchain. This can extend from stablecoins backed by fiat to tokenized titles for vehicles or tokenized commodities. As processes shift toward automated AI-driven decision-making, having a reliable record of every off-chain step is critical. The promise of automated workflows—like instructing an AI agent to purchase a car and finalize title transfers in a single afternoon—relies on complex webs of off-chain and on-chain interactions. Several projects in closed beta have demonstrated the applicability of verification layers. Supply chain initiatives have used Truebit's approach to ensure data integrity across multiple ledgers, and environmental projects leverage it to confirm the authenticity of carbon credit information. Similarly, financial tools build confidence by verifying the logic behind credit checks, stablecoin reserves, or complex remittances. All these examples show that, beyond theory, verifiable off-chain computation can underpin a multitude of real-world use cases. Visit Truebit [https://truebit.io/] This podcast is fuelled by algorithmic cryptocurrency trading bot platform Aesir.  Visit Aesir [https://aesircrypto.com]

    1 hr
  2. #35 - Gaming industry trends, web3 gaming and the open metaverse

    11/28/2024 · VIDEO

    #35 - Gaming industry trends, web3 gaming and the open metaverse

    Ryan is the founder and CEO of Emergence, whose mission is to make blockchain more accessible and meaningful in video games. Ryan works to create a gaming ecosystem akin to a real-life metaverse. The Impact of Narrative in Modern Gaming Ryan pointed to games such as "Control," "Alan Wake," and "Life is Strange." He believes that gaming offers a unique medium for transmodal and networked narratives, allowing for more immersive and interactive experiences. Independent games like "What Remains of Edith Finch" have also captured seen success due to their experimental approaches to storytelling and consciousness. The discussion touched on the challenges of adapting video games into other media. While some adaptations like "The Last of Us" and "Fallout" have been successful, others have fallen short due to a lack of understanding of the source material. Ryan emphasized the importance of creators deeply engaging with the original content to produce faithful and compelling adaptations. Ryan observed that industries, including gaming, often become risk-averse when they reach the top, leading to pattern matching and a reluctance to innovate. Initially working in Hollywood, Ryan became disillusioned with the industry's resistance to new and diverse storytelling. He shifted his focus to innovation, technology, and venture capital, recognizing that technology was beginning to outpace traditional entertainment mediums. This led him to become one of the first venture capitalists in Los Angeles to engage deeply with crypto and Web3 technologies. Pioneering in Crypto and Web3 Technology Ryan's early involvement in crypto began around the Ethereum ICO, where he recognized the potential for decentralized infrastructure to foster new ventures. He worked closely with industry pioneers and even assisted the Japanese government in understanding and integrating blockchain technology. His experiences underscored the importance of balancing decentralization and centralization for sustainable growth. Ryan noted that extreme positions on either side carry risks. He believes that integrating decentralized technologies into existing systems requires nuance and consideration of all stakeholders, including governments and regulatory bodies. Leveraging his background in both gaming and blockchain, Ryan founded Emergence to simplify Web3 integration for game developers. Emergence offers an SDK for game engines like Unreal Engine and Unity, allowing developers to easily incorporate blockchain features into their games. With over 50,000 downloads, the platform empowers developers to create innovative, decentralized gaming experiences. Partnerships and Collaborations Shaping the Open Metaverse Ryan emphasized the importance of storytelling and collaboration in building the open metaverse. Emergence has partnered with entities like Futureverse and influential figures such as Neal Stephenson, the author of "Snow Crash." These collaborations aim to create interoperable worlds and cinematic universes that extend beyond traditional gaming boundaries. Visit Emergence [https://emergence.site] This podcast is fuelled by Algorithmic crypto trading platform Aesir. Visit Aesir [https://aesircrypto.com]

    1h 5m
  3. #34 - Prediction Markets, Post Election Rally and the Foundation Business Model

    11/11/2024 · VIDEO

    #34 - Prediction Markets, Post Election Rally and the Foundation Business Model

    Guil is the founder of neow3j, a development toolkit that simplifies building dApps on the NEO ecosystem. Songping is a Senior Marketing Manager at NEO, the first non-EVM smart contract blockchain. Blockchain's Role in Transparency and Voting Systems The discussion opened with the impact of the U.S. election results on the cryptocurrency market. We looked at how platforms like Polymarket enable people to financially engage with political events through prediction markets. Guil pointed out that such platforms showcase a significant use case for blockchain technology, offering transparency and verifiable outcomes. The host expressed a desire to see blockchain integrated into national voting systems to ensure integrity and prevent fraud. Guil agreed, emphasizing that while the technology exists, widespread adoption requires educating both the public and policymakers to build trust in these systems. Neo's Unique Approach to Developer Friendliness A major focus of the conversation was Neo's commitment to making blockchain development accessible. Unlike platforms that limit developers to specific languages like Solidity, Neo allows smart contracts to be written in multiple mainstream programming languages, including Java, Python, and C#. Guil explained that this is achieved through compilers developed by the Neo community, which translate these languages into NeoVM bytecode.  Guil and Songping emphasized that Neo's support for various programming languages is the result of collaborative efforts from global community teams. This decentralized development model encourages contributions from different regions and expertise, enhancing the robustness of the ecosystem. By not confining developers to a single language, Neo nurtures a diverse and dynamic community that can adapt to evolving technological demands. We also discussed the launch of NeoX, an EVM-compatible sidechain designed to be MEV-resistant. NeoX represents Neo's multi-chain strategy, serving as a bridge between the Neo ecosystem and the broader EVM-compatible blockchain world. Guil detailed how a native bridge enables seamless interoperability between NeoN3, the main chain, and NeoX. This bridge allows assets and data to move freely between chains, enhancing user experience and breaking down barriers between different blockchain networks. The Future of NFTs and Non-Fungible Items (NFIs) Addressing the downturn in the NFT market, the conversation shifted to the potential of NFTs when combined with physical items, creating Non-Fungible Items (NFIs). Both guests expressed optimism about this integration, believing it could rejuvenate interest in NFTs. They shared examples of physical items like rings embedded with blockchain technology, which can interact with smart contracts to provide unique experiences—such as verifying identity at events or unlocking exclusive content in games. This blend of the digital and physical realms could open new avenues for utility and engagement in the NFT space. A significant highlight was Neo's initiative to implement anti-MEV (Miner Extractable Value) resistance in NeoX. Guil explained that by utilizing encrypted mempools and delaying the revelation of transaction details until a block is finalized, NeoX aims to prevent malicious actors from exploiting users through front-running and other MEV strategies. This commitment to creating a fairer blockchain environment is expected to attract DeFi projects and users who are concerned about transaction security and integrity. Towards the end of the conversation, Songping anonunced the ongoing Grind Hackathon, an event aimed at fostering innovation and supporting developers. Go to NEO [https://neo.org/] This podcast is fuelled by Algorithmic crypto trading platform Aesir. Go to Aesir [https://aesircrypto.com/]

    1h 6m
  4. #33 - Serverless Distributed Compute, DNA Sequencing and Longevity

    10/23/2024 · VIDEO

    #33 - Serverless Distributed Compute, DNA Sequencing and Longevity

    Ally is the founder of Lilypad, a serverless distributed computing network for AI, ML and general compute. Stanley is a dedicated scientist, passionate about leveraging bioinformatics for transformative breakthroughs. Embracing Decentralized Computing Ally began her journey by running a café in Australia before diving into tech, mechatronics, and software engineering. Her eclectic experience led her from leading engineering projects to important roles at IBM and Protocol Labs, where her fascination with decentralized technologies was cemented. It was here she met Stanley, a bioinformatician and researcher, who would later join her in building Lilypad Tech. Stanley's path is equally unconventional. With a decade of experience in bioinformatics, his focus has primarily been on developing high-performance computing systems for medicine and research. His dedication to open science and connecting distributed computational power to global researchers aligned perfectly with Ally's vision. Together, they aim to solve critical bottlenecks in computing through their startup. The Origin of Lilypad Tech Lilypad Tech was born out of frustration with the limitations of traditional centralized computing systems. Ally and Stanley identified a critical need: researchers across various fields, especially those in academia and startups, lacked affordable and scalable access to computing power. Lilypad offers an on-demand distributed compute network that is open to both Web3 and Web2 communities. Through Lilypad, users can tap into available GPUs and CPUs for a wide range of tasks, from training machine learning models to simulating quantum algorithms. Ally explains, "We're creating a protocol where compute jobs are matched dynamically with nodes based on their specifications, ensuring optimized resource allocation without middlemen overheads." This peer-to-peer marketplace for computational tasks leverages reputation systems and multi-verification methods to guarantee job quality and security, ultimately aiming to lower the cost of computing by significant margins compared to services like AWS. The Vision of Lilypad: Modularity and Flexibility One of the defining features of Lilypad Tech's architecture is its modular approach, which allows for the integration of cutting-edge technologies as plugins. Ally emphasizes the potential for integrating privacy measures such as Fully Homomorphic Encryption (FHE) into Lilypad's protocol. While FHE remains computationally intensive, the modularity of Lilypad enables users to choose and implement privacy solutions as they become feasible. Bioinformatics and Open Science: Stanley's Story For Stanley, Lilypad is not just a project but a platform to advance his lifelong mission of applying machine learning to biological research. He shares a compelling story about his early work in bioinformatics and its intersection with AI. From language processing at Google to developing high-performance computing for medical research, Stanley has witnessed first-hand how distributed systems can democratize scientific discovery. One of Stanley's current projects involves leveraging Lilypad's computing power for genome sequencing, specifically through collaborations like the Human Pan Genome Consortium. He notes that the cost of sequencing a single T2T genome currently stands at half a million dollars, with only fifty patients having been sequenced globally. By drastically lowering these costs, Lilypad aims to accelerate breakthroughs in personalized medicine and genetic research. Lilypad's first incentivized testnet is already live, with plans to launch on the mainnet in early 2025. Go to Lilypad [https://lilypad.tech] This podcast is fuelled by Algorithmic crypto tading platform Aesir. Go to Aesir [https://aesircrypto.com]

    1h 9m
  5. #32 - Oracles, DeFi and RWAs with Chronicle's Nik Kunkel

    10/12/2024 · VIDEO

    #32 - Oracles, DeFi and RWAs with Chronicle's Nik Kunkel

    Nick is the founder of Chronicle Labs and former member of the Maker team. Nik is a strong believer in decentralization and transparency, especially when it comes to Oracles. Building DeFi Infrastructure Nick joined the founding team of Maker, venturing into a landscape where decentralized finance was virtually non-existent. There were no decentralized exchanges (DEXs), lending protocols, stablecoins, or the necessary infrastructure to support them—including oracles. To bring their vision of an open financial system to life, Nick and his team had to build foundational tools from scratch. They developed the first DEX on Ethereum over a weekend and created the initial oracles alongside Mariano Conti. These early efforts were crucial in setting the stage for the vibrant DeFi ecosystem we see today. Oracles act as an interoperability layer between blockchain networks and external data sources. Nick offers a simple analogy: "Imagine blockchain networks as your phone in airplane mode—cut off from the outside world. Oracles are what reconnect your phone, allowing it to access external information." Despite their importance, oracles have often been the Achilles' heel of DeFi. Many hacks and exploits stem from oracle manipulation, underscoring the need for more robust solutions. Observing stagnation in oracle innovation, Nick founded Chronicle Labs to tackle these challenges head-on. "Oracle innovation had clearly started to lag behind DeFi innovation," he notes. Chronicle aims to build a new oracle system from the ground up, focusing on transparency, security, and performance. Key vulnerabilities in existing oracles include Centralization Risks: If an oracle relies on a single data provider, it becomes a single point of failure. Lack of Transparency: Users often have no way to verify where data originates or how it's processed. Scalability Issues: High computational costs limit the number of validators and the frequency of updates. Real World Assets (RWAs): The Next Frontier in DeFi Nick is particularly excited about the integration of Real World Assets into DeFi. "DeFi needs a catalyst to go from billions to trillions in TVL," he asserts. RWAs bring a vast pool of high-quality collateral into the DeFi ecosystem, offering a path to unprecedented scalability. Chronicle recently launched its RWA Oracle to facilitate this integration. Unlike traditional assets, RWAs aren't inherently transparent or verifiable on-chain. Chronicle's RWA Oracle bridges this gap by providing crucial information such as purchase dates, yields, maturity dates, and more. An illustrative example of RWA integration is Chronicle's collaboration with M^0, a protocol that combines the best aspects of centralized issuers like Circle and decentralized platforms like MakerDAO. How It Works: Users lock traditional financial assets, such as treasury bills, in a custodian account. They can then borrow stablecoins against these assets.The RWA Oracle independently verifies the assets held in custody, ensuring transparency and security. This model offers the scalability of centralized issuers while maintaining decentralization. It addresses limitations in both existing models and presents a sustainable way to scale DeFi. Nick believes that for DeFi to realize its full potential, it must adhere to the core crypto ethos of transparency and decentralization. "If we scale DeFi in the wrong way, if we lose this core ethos, then what are we really doing here?" he asks rhetorically. Chronicle Labs is committed to setting industry standards by: ensuring transparency, maintaining decentralization, and focusing on security. Visit Chronicle [https://chroniclelabs.org] This podcast is fuelled by algorithmic crypto trading platform Aesir. Go to Aesir [https://aesircrypto.com]

    1h 8m
  6. #31 - Piracy, Music and Cryptocurrency self-custody

    10/05/2024 · VIDEO

    #31 - Piracy, Music and Cryptocurrency self-custody

    James is the COO at Unity Wallet, a self-custodial cryptocurrency wallet previously known as Savl. With a background in disruptive technologies, he offers valuable perspectives on the future of digital finance. The Changing Landscape of Bitcoin ETFs The discussion began with surprising statistics on Bitcoin ETF ownership, revealing that 76% are held by private individuals and only 24% by institutions. This challenges the common perception that ETFs are primarily for institutional investors. James views this as a positive development, providing legitimacy to Bitcoin and Ethereum while offering a low-fee entry point for investors wary of the technical hurdles associated with crypto. Decentralization vs. Institutional Adoption The conversation highlighted the paradox of early crypto ideals versus current trends. Originally, crypto was about self-custody and financial independence from traditional banks. Now, the enthusiasm for institutional players like BlackRock entering the space seems to contradict those early principles. James acknowledges this shift but notes that ETFs make practical sense for investors wanting to allocate a portion of their portfolio to crypto without dealing with self-custody complexities. James's Journey from Digital Music to Crypto James shared his experiences in the digital music industry, where he launched one of the first legal music download services before Napster's rise. His involvement in anti-piracy gave him early insight into how systems such as BitTorrent can disrupt traditional industries. Living on Wall Street during the 2008 financial crisis and witnessing the Occupy Wall Street movement further fueled his interest in Bitcoin as an egalitarian financial solution. Drawing parallels between the music industry's battle against piracy and the crypto world, James emphasized that user experience is key. Attempts to curb piracy through restrictive measures often backfired by making legal products less attractive than pirated versions. Similarly, in crypto, creating user-friendly platforms is essential to encourage legitimate participation. Unity Wallet was conceived to address shortcomings in existing crypto wallets, particularly in user interface and self-custody features. James explained that many wallets were not intuitive and lacked true ownership functionalities. Unity Wallet aims to provide a robust, user-friendly experience while allowing users to operate fully in the DeFi space. Focusing on the top 250 coins, it offers services like staking and partnerships that enable spending crypto on everyday items like Netflix subscriptions and mobile top-ups. Unity Wallet integrates social elements, including an end-to-end encrypted messenger and a community platform for users to engage and share content. These features aim to build a sense of community and make the crypto experience more interactive and secure. The wallet addresses the challenges of navigating multiple blockchain networks by allowing users to select from various chains within the app. While emphasizing user responsibility, Unity Wallet provides warnings and intuitive interfaces to minimize the risk of errors when transacting across different blockchains. The Future of Digital Wallets James envisions significant growth in digital wallets, especially in unbanked regions where mobile phones are prevalent. He predicts a convergence of traditional finance and DeFi, with wallets becoming central to everyday financial activities. This shift could democratize access to financial services globally.

    1h 3m
  7. #30 - Decentralized Confidential Computing and Encryption Paradigms

    09/22/2024 · VIDEO

    #30 - Decentralized Confidential Computing and Encryption Paradigms

    Yannik is the co-founder of Arcium, a decentralised network focusing on confidential computing. Yannik's passion for technology started with building mods for video games. What is Arcium? Arcium is a decentralized confidential computing network built to allow secure computations over encrypted data. Unlike traditional cloud computing, Arcium does not rely on centralized servers or trusted hardware. Instead, it utilizes cryptographic techniques, specifically Secure Multi-Party Computation (MPC), to ensure that multiple parties can jointly compute functions over data without any party being able to see the actual data. This breakthrough allows for the development of private and secure applications without sacrificing transparency or decentralization. One of the core concepts Yannik introduces is the Decentralized Confidential Computing Zone (DCZ), a network where nodes can register, trustlessly form clusters, and offer their compute resources to perform confidential operations. The technology Arcium uses leverages existing blockchains as a consensus layer, enabling confidential computations to be integrated directly into smart contracts. How does Arcium encryption work? At a high level, Arcium's innovation lies in the ability to perform computations over encrypted data, ensuring data privacy throughout the process. The idea that data can be processed without being decrypted sounds almost paradoxical, but it is made possible through technologies like Fully Homomorphic Encryption (FHE) and MPC. While Fully Homomorphic Encryption allows for computations to be done directly on encrypted data, it is slow and computationally expensive, with a performance penalty of up to 1,000 times compared to plaintext computations. In contrast, Arcium uses MPC, a more efficient alternative that divides computations into a preprocessing phase and an online phase. MPC allows multiple participants in a computation to hold secret shares of data. These shares are manipulated locally before being combined to produce a final output. This method not only ensures confidentiality but also maintains efficiency, which is crucial for large-scale applications like DeFi and AI training. Why Arcium Chose MPC Over FHE Arcium's decision to use MPC, instead of relying solely on FHE, comes down to performance and trustlessness. The inefficiencies of FHE, particularly when dealing with complex operations like multiplications, make it unsuitable for many real-world applications. FHE suffers from noise accumulation, where repeated computations degrade the accuracy of the data. This problem can be partially solved with bootstrapping, but this process introduces further delays. In contrast, MPC allows for computations to be split between multiple participants in a way that avoids noise accumulation. By using somewhat homomorphic encryption for simpler operations like addition and relying on precomputed randomness for more complex tasks like multiplication, Arcium can achieve near-plaintext speeds without sacrificing security. This efficiency is key to making confidential computing accessible to a wider range of applications and industries. A Privacy-First Approach for a Decentralized Future Yannik believes that privacy will be a critical issue as blockchain technology scales into mainstream applications. He points out that while blockchains offer transparency, they often fail to protect user privacy. Everything recorded on a public ledger is visible to anyone, which may not be acceptable for enterprises or individuals who need confidentiality in their transactions. Go to Arcium [https://arcium.com/] This Podcast is fuelled by Crypto trading bot platform [https://aesircrypto.com/] Aesir. Sign up and use code AESIRPOT20 at checkout for 20% OFF your subscription.

    59 min
  8. #29 - AI and Decentralized Governance with Common co-founder Dillon Chen

    09/14/2024 · VIDEO

    #29 - AI and Decentralized Governance with Common co-founder Dillon Chen

    Dillon is the co-founder of Common, a platform designed to simplify decentralized governance. His journey into crypto began with mining Ethereum in college. AI and the Rapid Evolution of Search Engines The podcast begins with a discussion on the rapid advancements in AI, particularly new releases like Llama, Grok, and SearchGPT. The host is fascinated by how quickly AI evolves, introducing groundbreaking features almost monthly. Dillon shares his excitement for AI tools like Perplexity, a search engine that blends chat features with quick, context-based results. However, both acknowledge the challenge of AI's "hallucinations"—when systems give inaccurate answers—and wonder how long it will take to overcome this flaw. AI's Role in Natural Interfaces and Future Tech The conversation shifts to how AI is used in everyday life, with the host explaining his use of ChatGPT's voice mode to assist with coding and gaming. Dillon is intrigued by this usage and suggests that voice could be a more natural interface in the future. They also explore the potential of neural devices like "The Crown," a non-invasive technology that could allow users to control devices with thought patterns. The possibilities for human-computer interaction seem endless. AI and Crypto: The Coming Intersection Dillon believes that as AI and crypto converge, exciting new applications will emerge, such as AI-powered agents that could participate in decentralized systems. He references OpenAI's development framework, explaining how AI's evolution from basic chatbots to complex agents could dramatically impact crypto ecosystems. The integration of AI into crypto could lead to automated governance models and smarter decision-making processes. Simplifying DAO Governance Dillon's platform, Common, is designed to make governance more accessible for decentralized organizations. Initially born out of his experience with Ethereum and the DAO, Common simplifies voting and governance processes by integrating forums, token-based voting, and proposal systems. Dillon highlights how Common solves the problem of fragmented decision-making in DAOs by providing a unified platform for discussion and action. Common has already been adopted by organizations like LinksDAO, a decentralized golf course community, and 1Inch, a decentralized exchange. LinksDAO showcases how blockchain tools can be applied to real-world interests, while 1Inch's recognized delegates program incentivizes active community participation, boosting engagement in governance. Visit Common [https://common.xyz] This podcast is fueled by Aesir, the smartest crypto trading bot platform on the market. Sign up and use code AESIRPOT20 at checkout for 20% OFF your subscription. Go to Aesir [https://aesircrypto.com/]

    1h 2m

Ratings & Reviews

About

Proof of Talk is a technology-focused cryptocurrency podcast where we invite leaders and builders in the space to discuss their experiences in the industry and the projects they're developing. Proof of Talk is the definitive cryptocurrency podcast for tech enthusiasts, builders, and entrepreneurs with a "tinkerer" mindset, and anyone who wants to stay up to date with the latest blockchain innovations and products. Hosted by Andrei, a seasoned expert in the cryptocurrency space since 2017 and the co-founder of the algorithmic cryptocurrency trading platform Aesir [https://aesircrypto.com], Proof of Talk delivers unparalleled insights and expertise from the forefront of the crypto world.

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