If you are a crypto project trying to replace what traditional banks do in our financial eco system, you are really going to be impacted by the statements that he made. I think on the flip side, if you're like an nft project for something, some of th tings we're talking about before, you're not really replacing what a bank does. You're probably on the outside of this. And i think that's where a lot of the noise is coming from. If you look specific to what he talked about with block fy and what they were doing, it was very much bank centric. So that's my view on how this is coming up.
J+M are joined by Sunny Madra and Vinny Lingham for another crypto roundtable! They cover the following topics: Shkreli's new web3 project (1:50), distributed computing projects (16:08), ETH merge (38:00), Gensler's comments (44:57), and more!
(0:00) Molly tees up today's roundtable guests!
(1:50) Martin Shkreli's new web3 project
(14:46) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.io/twist
(16:08) Breaking down other distributed computing projects: Helium, Filecoin, Hivemapper
(27:54) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(29:17) Understanding inverted incentives in crypto, market depth/liquidity theory
(36:46) UserTesting - Get real human insights from customers, try for free today at https://usertesting.com/twist
(38:00) ETH merge: how risky is it, what impact will the fork have, will it lower gas fees?
(44:57) SEC Chair Gary Gensler's comment re: DeFi protocols and crypto banks
(51:58) Lightning round! Tribe DAO, BendDAO, Sudoswap and lessons learned