JP Thor, lead contributor to THORChain, discusses building a billion-dollar platform with 5 engineers, the promise of crypto, overcoming obstacles, and wild futuristic ideas like brain transfers for space travel. An engaging conversation on first principles thinking in DeFi and the future of crypto.
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Quick takeaways
Creating Voltage, the first open-source multi-factor wallet for enhanced self-custody capabilities.
Raising $50 million for a DeFi roll-up project to aggregate undervalued projects.
Vampire attacking DeFi to extract total value locked and establish DeccoSwap as a respectful protocol.
Focusing on Chaos Per Second as a key performance indicator to challenge the DeFi community's status quo.
Deep dives
Building Decentralized Exchange Architecture
Building decentralized exchange architecture has been a focus for six years, but it is not halfway there yet. Now, the aim is to create Voltage, the world's first open-source, multi-factor wallet to enhance self-custody capabilities. This solution intends to address nervousness around online wealth storage.
Establishing a Giant DeFi Roll-Up
The plan is to raise $50 million for a giant DeFi roll-up project to aggregate undervalued DeFi projects. By consolidating resources, the goal is to create a single large domain that can capture user attention and streamline access to decentralized finance, challenging centralized exchanges.
Vampire Attacking DeFi
Aiming to vampire attack the DeFi space by extracting total value locked (TVL) from all of DeFi. DeFi protocols that have not shared revenue with token holders and exhibit governance issues are the primary targets. The plan is to establish DeccoSwap as a protocol respectful of token holders.
Chaos Per Second as the KPI
The key performance indicator for the next six months is Chaos Per Second. The objective is to respond to adversity, battle challenges with high tolerance for chaos, keep a large operating envelope, and be on timelines daily challenging the DeFi community's status quo.
Simplification and First Principles Thinking
Simplifying solutions to problems and adopting a first principles thinking approach is emphasized. It involves mapping out what-if scenarios, embracing risk, and ensuring that the acceleration potential is unlocked, working optimistically and empowering others in scaling solutions.
Taking Innovation Forward
Advocating for innovation and leveraging resources effectively, steering towards empowering and scaling solutions. The acceleration mindset focuses on reactivating humanity, exploring new frontiers, and elevating intelligence and agency across decentralized finance initiatives.
Decentralized Finance vs. User Experience
Decentralized finance offers better financial terms but faces a dilemma between offering better rates and simpler user experiences. The challenge lies in whether users prioritize better financial terms over user-friendly interfaces. To address this issue, an interface aggregator aims to simplify DeFi interactions and enhance the user experience, bridging the gap between the superior products in decentralized finance and the need for a user-friendly interface.
Future of Humanity and Technology Integration
The discussion delves into the concept of extending human life through technological advancements. The idea of transferring the brain from the body to a silicon-based device to enable longevity and move beyond the constraints of the physical body is explored. Imagining a future where brains are relocated to space in gold-plated pods to eliminate toxins and enhance lifespan reveals a vision for a highly advanced, agency-driven existence where individuals can control sensory inputs and transcend physical boundaries.
JP Thor is one of the lead contributors to THORChain, master of the memes, and has some insane ideas. In this conversation, we talk about his background, we talk about building a billion dollar platform with only 5 engineers in 18 months, promise of crypto, milestones and obstacles we need to overcome, and then conversation ends with some wild ideas you need to listen to.
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