The Backstory of How 3 AI Agents Led to the Rise of the Hottest Memecoin, GOAT - Ep. 725
Unchained
Intro
This chapter explores the intersection of AI and cryptocurrency, focusing on trading and token creation impacts. It highlights the rise of the meme coin GOAT within the expanding Polkadot ecosystem and its impressive market cap.
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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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Guest
- Teng Yan, Founder of Chain of Thought
- Teng’s article: GOAT: The Gospel of Goatse
Links
- Previous coverage of Unchained on GOAT:
- GOAT Hits a Record $879 Million Market Cap After Brian Armstrong Offers to Help Truth Terminal
- GOAT: How AI Agents Talking Turned Into a $268 Million Memecoin 'Religion'
- Infinite backrooms
- Andy : https://x.com/AndyAyrey
- Andy Ayrey's (creator of Truth Terminal) research paper on LLMtheism:
- Truth Terminal's X account
- Kaito: GOAT’s mindshare
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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