Hot Topics: Solana Congestion, Bitcoin Runes, Echo, and Ethena | EP 45
Apr 10, 2024
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Imran and Qiao discuss hot topics like Solana Congestion, Bitcoin Runes, Echo, and Ethena. They explore the creation process and value of Runes, their relation to NFTs, ERC 20 standards, and Bitcoin Layer Twos. The conversation also covers Bitcoin ecosystem evolution, cultural dynamics, and challenges within the RWA options space. Additionally, they dive into Solana congestion, transaction failures, competition in the DeFi space, and new investment methods.
The podcast discusses the innovation of Runes and RSICs in the Bitcoin L2 ecosystem, showcasing potential design trade-offs and competition with other L2 solutions.
Echo by Cobie presents a disruptive model democratizing VC investing through influencers, reshaping the traditional VC landscape with retail investor involvement.
Deep dives
Overview of SPARC and Aave Beefing
SPARC and Aave have been in conflict since the launch of SPARC, a MakerDAO sub-DAO for Aave V3 fork, fee-sharing. SPARC competes with Aave's DAI and GHO with Maker's DAI. Aave reacted with a reward system for non-Morfl users, and tensions escalated when SPARC listed Athena's SUSDE for borrowing against DAI. Aave members proposed delisting DAI, citing increased die-tech risk.
Echo Gaining Retail Investment Access
Echo presents an opportunity to democratize VC-like investment access for everyday investors through influencers running funds. It captures influencer-based marketing while centralizing investment decision-making, making it more efficient and reducing free rider issues. By providing retail capital access to VC opportunities, Echo disrupts traditional VC investing models by involving influencers directly in investment decisions.
ICO Evolution towards Influencer-Focused Investments
ICO platforms are transitioning towards influencer-focused investment strategies, allowing for compliant investment opportunities. The trend signifies a shift towards influencers becoming central investment figures, potentially reshaping the VC landscape with more retail involvement. This next phase could see tier two to four VCs affected as influencer-led investments gain momentum.
Future Landscape of Venture Investing
A shift towards trust in influencers and potentially passive investments in tokens representing startup investments may reshape the venture investment landscape. As retail investors gain access to VC-like opportunities, tier two to four VCs could face competition from influencer-led investment models. This trend may extend beyond crypto as capital formation models evolve to involve influencers and retail investors more prominently.
Imran and Qiao sat down to discuss the current hot topics such as Solana Congestion, Bitcoin Runes, Echo, and Ethena. No BS crypto insight for founders.
Timestamps
(00:00) Intro (00:39) Welcome to Good Game (01:12) Qiao Tried to Ape In To Some Runes (01:26) What Are Runes? (02:55) How Do You Receive RSICs? (04:00) Do RSICs Come with a JPEG? (06:12) What Runes and RSICs? (07:20) Other BTC L2s That Want to Offer Support For Runes (08:07) When Will BTC L2s Launch? (09:26) Design Trade-offs For Runes (12:47) Runes Competing With Bitcoin L2s? (14:30) Who are the Runes Accounts on Twitter? (16:56) How Runes Will Play Out Alongside Bitcoin L2s (21:07) Game of Blocks (GOB) (23:11) The Bitcoin Renaissance (26:24) Qiao Shares A Funny Story (32:22) Critiques From Our Last Episode (33:49) Solana Congestion (40:02) Are We Biased Towards Solana? (43:23) Crypto Startup Stories: Fig Investments (46:00) Ethena (56:16) Echo by Cobie (01:05:22) The ETA for The Solana Patch
Spotify: https://spoti.fi/3N675w3 Apple Podcast: https://apple.co/3snLsxU Website: https://goodgamepod.xyz Twitter: https://twitter.com/goodgamepodxyz
Web3 Founders: Apply to Alliance: https://alliance.xyz/ Alliance Twitter: https://twitter.com/alliancedao
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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