Rehash Hot Ones Bangkok Pt 1 w/Jim Chang, David Phelps, and Grant Gerber
Dec 19, 2024
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Join Jim Chang, co-founder of Catalyst; David Phelps, from JokeRace; and Grant Gerber of Movement Labs for a spicy, laughter-filled discussion at Devcon7. They tackle the intersection of AI and crypto with humor, while sampling increasingly hot sauces. The trio debates Ethereum versus altVMs, critiquing blockchain efficiencies amid hilarious banter. Alongside lively anecdotes from their spicy challenges, they explore the vibrant world of on-chain contests and the future potential of digital currencies, making complex topics entertaining and accessible.
The episode emphasizes the emerging competition between Ethereum's established EVM and innovative altVMs that cater to specific use cases like gaming and security.
Panelists explore the relationship between AI and cryptocurrency, debating the balance between complex AI implementations and effective, simplistic blockchain applications.
Deep dives
Web3 Innovations and Projects
The episode features multiple innovative projects making strides in the Web3 space. One significant project is CrossCats, which serves as a bridge for alternative blockchains, enhancing accessibility to various blockchain opportunities. Another notable venture is Movement Labs that operates on Ethereum's Layer 2, utilizing the Move programming language to provide improved user experiences with games and applications. Lastly, Joke Race introduces on-chain contests, allowing participants to engage in live contests with interactive features like voting, which showcase the growing intersection of gaming and blockchain technology.
Spicy Takes on AI and Crypto
The panel discusses the relationship between AI and cryptocurrency, highlighting contrasting perspectives on their future. One panelist suggests that while many expect AI-powered blockchain applications to be advanced, the reality may be that simplicity and a lack of complexity could be more effective, advocating for 'dumb' agents that focus on niche tasks. Another view posits that despite the importance of AI, the crypto world has inflate expectations around its capabilities, with genuine utility potentially lying elsewhere. The conversation emphasizes the need to rethink the integration and roles of AI within the cryptocurrency ecosystem.
Casinos, Gambling, and User Engagement
The theme of gambling in the crypto space is explored, suggesting that it acts as a significant draw for many users. The appeal of high-stakes games and meme coins is underscored, indicating that online gambling services often attract users more effectively than complex decentralized finance (DeFi) protocols. Additionally, it is argued that while many engage with decentralized systems seeking meaningful interactions, the thrill of potential financial gain or loss can dominate these interests. This focus on immediate gratification through gambling showcases how the crypto world often steers towards entertainment over serious utility.
The Battle of Virtual Machines (VMs)
The episode delves into the competition between Ethereum's EVM and alternative virtual machines like the Move VM. Panelists argue that while Ethereum remains the leading choice due to its existing network effects and developer familiarity, it may lack the specialized functionality that newer VMs offer for specific use cases. The discussion includes the potential for Alt VMs to provide more tailored features for sectors like gaming, security, and decentralized finance. This conversation underlines a pivotal moment in blockchain where developers may need to choose between the established Ethereum ecosystem and the innovative features of emerging alternatives.
This special live edition of Rehash was recorded during Devcon7 in Bangkok, Thailand.
Your panelists are Jim Chang (CrossCats), David Phelps (JokeRace), and Grant Gerber (Movement Labs).
Watch them eat spicier and spicier foods while trying to simultaneously give spicier and spicier takes on various topics in crypto like altVMs, casinos, and AI.
⏳ TIMESTAMPS:
0:00 Intro 1:16 Learn more about our sponsors: CrossCats and Safe 7:21 AI x Crypto 17:56 Casinos and gambling 31:09 Ethereum vs altVMs 42:01 Winner announced 46:00 David gets thrown in the pool
CrossCats: CrossCats is the only bridge built for altVMs to help you connect to hard-to-reach blockchains so you can access new opportunities and make more money. Go to crosscats.xyz to explore today.
Safe: Safe (formerly Gnosis Safe) is the ownership layer of web3 with the most battle tested smart accounts. Trusted to secure over $75 billion, Safe offers unparalleled usability and security for individuals, DAOs, and institutions. Experience true digital ownership with Safe's flagship web and mobile wallet and its leading account abstraction infrastructure.
DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.
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