February Roundup: Five Trends Shaping the Bull Run | EP 40
Mar 5, 2024
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Podcast discusses trends shaping the Bull Run, including ERC-404s, ETFs, Farcaster growth, decentralized GPUs, NFT, DeFi evolution, and AI coins like TAL. Topics range from market speculations, subnets in AI, objectivity in mathematical problems, and bullish sentiments towards RWAs in media consumption.
ERC-404s are shaping the Bull Run, with a focus on NFT marketplaces and promising potential for growth.
Decentralized compute systems are discussed, emphasizing competition among miners for optimal outputs and the importance of GPU operations handling.
Speculative layers on media platforms are explored, integrating gambling features and expanding DeFi offerings to cater to user needs.
Deep dives
Forecaster's Unique Features Set It Apart
Forecaster, a leading AI coin, offers subnets that focus on AI-related work within separate networks. Miners compete to produce outputs from LLMs, while the stakers evaluate and determine the best output. However, subjectivity in output judgments and potential collusion present challenges in fair reward distribution.
Mobile Apps and Super App Potential in the Crypto Ecosystem
Forecaster's role as a super app for crypto is in discussion, especially given its competitive stance against other wallets like Phantom. With mobile apps becoming pivotal for user accessibility and engagement, the convergence of social and financial features could position Forecaster as a dominant player in the crypto space.
TAL's Cult-like Following and Subjective Output Challenges
TAL, a top AI coin, boasts a cult following and is praised for its AI capabilities. However, the subjective nature of output evaluations by stakers has raised concerns about collusion and fair reward allocation. Despite potential issues, TAL's popularity continues to soar within the crypto community.
Overcoming Subjectivity Challenges in TAL
While TAL faces criticisms due to subjective output evaluations, the project's future success lies in overcoming these challenges and ensuring unbiased reward distribution. By addressing the subjectivity issue and enhancing transparency, TAL can solidify its position as a reliable and innovative AI-oriented coin.
Decentralized Compute and Competition in AI
The podcast episode delves into the significance of decentralized compute and the competitive marketplace concept in AI technology. It discusses how miners compete to produce optimal outputs for users, highlighting the focus on competition, supply, and demand rather than just decentralization or censorship resistance. The episode touches on the potential benefits of decentralized compute systems storing data to mitigate risks, while also exploring the nuances between decentralized GPUs and platforms like Teller that abstract GPU functions, emphasizing the importance of miners in handling GPU operations.
Speculative Layer on Media and Emerging Trends in DeFi
The podcast explores the emergence of a speculative layer on various media platforms, envisioning a future where users can engage in betting or token-based interactions while consuming content. It discusses the gamification of social and media interactions, noting the integration of gambling features by platforms like Twitter. Additionally, the episode delves into the trend of DeFi protocols expanding horizontally, offering diverse products to cater to user needs, and the potential impact of front-end interfaces on value accrual and market dominance in the DeFi space.
Imran and Qiao sat down to discuss 5 trends that are shaping the Bull Run and more. No BS crypto insight for founders.
Timestamps
(00:00) Intro (00:50) Welcome to Good Game (02:05) Let's Start with ERC-404s (07:39) Some ERC-404 Criticisms (09:39) DN-404 vs ERC-404 (10:16) CGAR Launching a NFT Marketplace (11:35) Wasabi Launching Their Own ERC-404 Marketplace (15:26) Why Imran is so Bullish on 404s in General (16:34) Let's Discuss ETFs (23:14) ETH Will Get The ETF Soon (24:34) Gary Gensler Got Hacked and Trump Potentially Becoming The President (32:27) Farcaster Went From 20k to 100k Daily Active Users (39:41) Some Things Frames Are Not Good For (46:36) “Why Are You Really On Farcaster?” (48:08) Phantom Flipped Coinbase (51:33) Let's Talk About TAO (Bitensor) (57:01) Why Decentralized Compute? (59:46) Decentralized GPUs (01:02:45) WIF Screwed Up (01:03:45) Why Imran is So Bullish on WIF (01:04:40) "The Metas Have Increased 10x and I Can't Keep Up" (01:12:24) "We're Heading Into a Very Dystopian World" (01:13:53) Twitter/X Integrating Gambling (01:14:25) New NFTs Becoming Widely Adopted (01:14:53) Let's Talk About DeFi (01:18:54) A Lot of Solana Founders Feel Threatened By Jupiter (01:20:18) Qiao: I've Slightly Changed My Mind About Aptos and Sui (01:24:01) Hyperliquid is Doing Something Very Noble
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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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