DCentral Miami - Budd White

Mar 15, 2023

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Welcome to the Grit Daily Startup Show, hosted by Sebastian Rusk! Our latest episode is jam-packed with actionable insights featuring founder and CEO of Tacen, Budd White. Budd has always worked for small companies, taking a lot more equity than paycheck and is fascinated by the idea of selling private equity in a public market. He dives deep into the technology behind his company and crypto, including price discovery, the blockchain, the Australian Securities Exchange, smart contracts, and decentralized exchanges. Budd talks about the recently formed Luna Terra meltdown and the risk that comes with trust into central entities. Finally, Budd reveals that his company is 90 percent done with its own exchange and is offering money bounties for usage goals. Don't miss out! Listen to Grit Daily's Startup Show now!

Key Takeaways:

The Importance of Price Discovery
The Impact of Blockchain Technology on Financial Services
The Benefits of Smart Contracts and Decentralized Exchanges
Using Local Trees and Mathematics to Uncover the Crypto Meltdown.
Trust in Networks: Accelerating Growth with a Traditional Round

Topics with Timestamps:

[00:03:55] Exploring Price Discovery: An Examination of Its Significance

[00:07:33] The Influence of Blockchain Technology on Financial Services

[00:11:20] Secure Cryptocurrency through Smart Contracts

[00:15:02] The Advantages of Utilizing Smart Contracts and Decentralized Exchanges

[00:19:13] Exploring the Crypto Collapse Through Mathematics and Local Trees.

[00:22:53] Testing Cryptocurrency on TestNet and Earning from It

Notable Quotes:

"It's like a mini escrow. But in escrow, the escrow agent legally is holding the asset. This is like, escrow, but you're your own escrow. Right? Because you still have custody the entire time. And that's the important part."

"Vitalic of Ethereum is suggesting proof of solvency. He's using local trees and some complex mathematics to be able to prove that assets are there without sharing which accounts they're in and,you know,not opening up the financial comodo to the world, but being able to, with a mathematical equation, say, we took a hundred million in assets in deposits, and that hundred million still exists.""

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The Grit Daily Podcast

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