Allen Farrington, co-founder of Axiom, discusses Bitcoin scaling, the role of venture capital in Bitcoin's ecosystem, his thoughts on DeFi, NFTs, and stablecoins, and the potential for Bitcoin to supplant fiat money. He also shares his insights on the ordinals debate and the future of Bitcoin infrastructure.

00:00:00 Start

00:00:32 Allen intro

00:01:22 Allen's background

00:06:30 Investing in public Bitcoin companies

00:10:44 Axiom

00:13:26 What wrong with DeFi

00:20:38 How does Axiom decide what to invest in

00:24:11 Lightning gaming

00:28:49 Criticisms of lightning

00:33:02 Do L2s have to have trust tradeoffs?

00:36:00 Will BTC kill fiat?

00:38:52 How is Axiom NOT like other VCs?

00:42:23 Are tokens always silly?

00:48:56 Stablecoins

00:53:06 Are stablecoins doomed?

00:57:56 People want centralized stablecoins

00:59:42 What is DLCVM?

01:06:25 Rollups

01:10:47 Companies must ROI

01:19:20 Ordinals

01:27:25 The circular logic of scams

01:38:56 Wrap up

Follow our guest on Twitter: @allenf32

Follow our host: @gwartygwart

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