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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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• Polkadot
• Mantle’s FBTC

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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