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Unchained
The Chopping Block: WBTC Drama, Decentralized AI & SEC Subpoenas - Ep. 689
Aug 14, 2024
In this engaging discussion, Shuyao, cofounder of MegaETH Labs and founder of hotpot DAO, dives into the recent shifts in Wrapped Bitcoin custody and the implications of BitGo's moves in Hong Kong. They analyze the growing excitement around decentralized AI and Haseeb's new influencer role in that space. The conversation also tackles the SEC's subpoenas to crypto VCs and how that could affect token investment strategies. Lastly, they ponder the current crypto cycle's lack of foundational innovations, reflecting on the industry's overall momentum.
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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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode