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Unchained

The Chopping Block: WBTC Drama, Decentralized AI & SEC Subpoenas - Ep. 689

Aug 14, 2024
Shuyao, cofounder of MegaETH Labs and founder of hotpot DAO, shares his insights on the dynamic world of decentralized AI and blockchain tech. The discussion heats up around the recent WBTC drama and BitGo’s Hong Kong move, exploring its implications for the crypto landscape. They also tackle the SEC’s subpoenas affecting token investments, casting shadows on the industry’s future. Lastly, the podcast probes the current cycle’s apparent lack of groundbreaking innovation, questioning what’s next for the crypto community.
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Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The WBTC controversy highlights significant governance concerns following custody changes, impacting its role in decentralized finance protocols like Maker and Aave.
  • The emerging decentralized AI landscape faces challenges as many startups struggle to align with market demand and deliver tangible solutions.

Deep dives

The Evolution of Crypto Identity

The episode discusses the transformation of online personas within the crypto community, particularly highlighting the journey of Brother Bing, who created a unique identity by flipping gender norms on social media. Originally starting as a playful contrast to trends, this persona evolved into a prominent figure associated with impactful projects in the crypto space. The name 'Bing' itself has interesting roots in the Chinese language, where it translates to 'big pancake,' symbolically aligning with Bitcoin's colloquial representation in that community. This illustrates how personal branding can become intertwined with larger movements in cryptocurrency.

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