This Week in Startups Crypto Roundtable: Shkreli's new web3 project, ETH merge, Gensler goes after DeFi protocols | E1542
Aug 23, 2022
Sunny Madra, co-founder of Definitive Intelligence, and Vinny Lingham, co-founder of Civic, join the roundtable to tackle some pivotal crypto topics. They dive into Martin Shkreli's controversial new Web3 project aimed at democratizing drug discovery. The discussion shifts to the Ethereum merge, examining its potential impact on transaction costs and market dynamics. Gensler's regulatory stance on DeFi protocols stirs up ethical debates, while innovative projects like Helium and Filecoin are highlighted for their decentralization efforts.
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Shkreli's Web3 Project
- Martin Shkreli launched a Web3 drug discovery software called druglike.com.
- It aims to decentralize expensive computational chemistry software and resources.
Fair Crypto Launches
- Launch new crypto projects fairly, without pre-mining, so everyone starts equally.
- This builds trust, especially with teams having questionable reputations.
Separating Idea from Creator
- An idea's validity should be independent of its creator's reputation.
- Even a convicted felon can contribute valuable scientific advancements.