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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 Andreessen 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
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Timestamps:
- 00:00 Intro
- 01:28 How an AI experiment led to the creation of GOAT
- 06:16 The rise of “Terminal of Truth” and its unexpected evolution
- 11:57 How a simple spelling mistake raised skepticism
- 20:09 What happened to the $50,000 in BTC from Marc Andreessen?
- 21:06 Whether AI models can have their own wallets
- 24:17 Whether AI memecoins will surge on other chains
- 26:19 What’s next for the rise of AI memecoins
- 28:35 The future of AI and crypto’s intersection
- 31:39 Who Kamala Harris may consider for SEC Chair
- 34:12 How one Senate race could boost Elizabeth Warren’s power over crypto
- 40:33 News Recap
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