The Bitcoin Halving, Jeopolitics, Telegram (TON), and Special Guests | EP 47
Apr 18, 2024
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Special guests Alexei Zamyatin and David Tse discuss Bitcoin halving, geopolitics, and Telegram (TON). Topics include layer 2 solutions, BitVM, trading on Bitcoin, and upcoming launches. Insights on crypto market reactions, political tensions, and ETF approvals in China. Exciting discussions on blockchain projects, fungibility, and development in the Bitcoin ecosystem.
Bitcoin market sentiment varied with bullish consolidation
Challenges of trading under geopolitical uncertainties discussed
Innovative concept of Bitcoin restaking for security purposes introduced
Deep dives
Bitcoin Market Sentiment and Predictions
The sentiment in the Bitcoin market is varied, with some expressing bearish views while others see bullish signs. A consensus from a poll indicated a bullish consolidation phase. Amid concerns of a possible World War 3 impact on the markets, BTC's price remains stable. The episode discusses the challenges of trading under geopolitical uncertainties and market reactions to global events.
Cryptocurrency Startup Ideas and Trends
The podcast delves into potential startup ideas within the cryptocurrency space, mentioning a 'request for startups' list for inspiration. Topics like GCR's return and potential World War 3 concerns are touched upon, along with discussions about Bitcoin, EFTs, and upcoming launches.
The Evolution of Layer 2 Solutions in Bitcoin
Exploring layer 2 solutions in the Bitcoin ecosystem, the episode covers the rise of projects like Node Monkeys and Bitcoin Puppets. The introduction of Rune protocol, layer 2 developments, and bridging challenges are discussed, emphasizing the growing interest and opportunities in Bitcoin-related projects.
Bitcoin Staking and Security Innovations
The podcast introduces Babylon's innovative concept of Bitcoin restaking for security purposes. By leveraging Bitcoin's strong security as a proof of work chain, it aims to enhance security across various blockchain networks, providing insight into the concept of restaking without requiring custodial solutions, ensuring trustless sticking for Bitcoin holders.
Utilizing Bit VM for Computation in Bitcoin Script
Bit VM provides a method of expressing computations through computation trees composed of simple gates such as AND and OR gates. By using Bit VM, the entire computation tree doesn't need to be stored on the Bitcoin blockchain, reducing the cost of proving computations. Provers and verifiers off-chain maintain the computation tree in their minds, with verifiers cross-checking against challenge responses to ensure correctness. Rather than requiring the entire tree on-chain for error detection, Bit VM utilizes intelligent questioning resembling a binary search, significantly reducing the cost of challenges and proofs.
Evolving Use of Telegram's Ton Blockchain and the Challenges Faced
Telegram's Ton blockchain offers promising features like decentralized applications (DApps) within its ecosystem. However, challenges exist, such as initial high costs of transactions during peak times, deterring user adoption. While Ton-based DApps show early jankiness and limited availability for US users due to geolocation restrictions, they gain traction through viral games like NotCoin. Furthermore, the lack of visibility on Twitter highlights the global scope of Ton's ecosystem development. Despite potential, integrating crypto apps into everyday use still faces hurdles, requiring improved usability and cost-efficiency to reach mainstream adoption.
Imran and Qiao sat down to talk about the Bitcoin Halving, Geopolitics, and Telegram (TON) with special guests: Alexei Zamyatin (BOB) and David Tse (Babylon). No BS crypto insight for founders.
Timestamps
(00:00) Intro (01:13) Welcome to Good Game (02:58) Is The Bull Market Over? (09:20) Keeping Up With Everything That's Happening (11:32) NodeMonkes and Bitcoin Puppets Competing for The #1 Spot (17:55) Imran's Bridging Experience (21:12) BitVM Fud (25:14) Welcome Alexei (BOB) (26:33) What Alexei is Working On (30:51) What Does Layer 2 Mean for BOB? (32:41) When Will BOB Launch and What Will Be The Security Assumptions? (34:49) What Alexei is Excited About (40:17) How Easy Is It To Support Runes On A Layer 2? (44:07) One Advice for Somebody That Wants To Build On Bitcoin Today (49:21) Welcome David (Babylon) (50:20) What Makes David Excited To Work In The Bitcoin Ecosystem (52:44) David Talks About Babylon (55:16) Explaining BitVM (01:02:33) Thoughts On The Halving (01:04:59) "Attention Matters Most" (01:07:56) (TON) Telegram (01:15:48) The Open Platform (www.top.co) (01:16:57) OP_CAT Announcement (01:18:48) Hong Kong ETFs
Alexei Zamyatin Twitter/X: https://x.com/alexeiZamyatin David Tse Twitter/X: https://x.com/dntse
Spotify: https://spoti.fi/3N675w3 Apple Podcast: https://apple.co/3snLsxU Website: https://goodgamepod.xyz Twitter: https://twitter.com/goodgamepodxyz
Web3 Founders: Apply to Alliance: https://alliance.xyz Alliance Twitter: https://twitter.com/alliancedao
DISCLAIMER: The views expressed herein are personal to the speaker(s) and do not necessarily reflect the views of any other person or entity. Discussions and answers to questions are intended as generalized, non-personalized information. Nothing herein should be construed or relied upon as investment, legal, tax, or other advice.
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