The Gwart Show | Blockspace Media https://blockspace.media en-us 882784 Through conversations with crypto’s brightest lights, Gwart embarks on a one-man crusade to find the real value of cryptocurrency. Once weekly episodes with guests. Pseudonymous, Gwart is a crypto-Twitter troll and thinkboi seeking answers to non-existent problems in blockchains. Follow along for the most colorful conversations in crypto. https://megaphone.imgix.net/podcasts/cd3fb0c8-db3f-11ee-920f-6bd686bb1844/image/1f9a89b09510e7e0182a23520507f769.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress The Gwart Show | Blockspace Media https://blockspace.media yes episodic Gwart asks the hard questions to Crypto Twitter's most colorful characters. Long form weekly episodes. Blockspace Media Through conversations with crypto’s brightest lights, Gwart embarks on a one-man crusade to find the real value of cryptocurrency. Once weekly episodes with guests. Pseudonymous, Gwart is a crypto-Twitter troll and thinkboi seeking answers to non-existent problems in blockchains. Follow along for the most colorful conversations in crypto. Through conversations with crypto’s brightest lights, Gwart embarks on a one-man crusade to find the real value of cryptocurrency. Once weekly episodes with guests.


Pseudonymous, Gwart is a crypto-Twitter troll and thinkboi seeking answers to non-existent problems in blockchains. Follow along for the most colorful conversations in crypto.

]]> Blockspace Media hello@blockspace.media The Legislative Framework Crypto Needs w/ Alex Thorn https://blockspace.media/podcast/the-legislative-framework-crypto-needs-w-alex-thorn/ Alex Thorn, Head of Research at Galaxy Digital describes the current state of crypto legislation. He explains the Clarity Act, the role of stablecoins in the global economy, and the impact of the Trump administration on digital asset rules. Alex provides an institutional perspective on Bitcoin's recent all-time high, the reality of market deleveraging events, and why permissionless finance remains the ultimate goal.Subscribe to the newsletter! https://newsletter.blockspacemedia.comNotes: • 70 Democrats voted for bill 
 • Prediction odds at ~40% 
 • SEC has 3 GOP commissioners 
 • Deleverage on October 10th 
Timestamps:00:00 Start00:54 Alex's Galaxy role02:43 Recent topic focus05:06 regulation07:08 CLARITY act14:00 Politics and token creation19:51 Trump remorse?22:39 Current market vibes35:49 "Crypto" lagging Bitcoin43:28 "Just use AAVE"52:04 Are you ENTERTAINED!
 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 03 May 2026 09:52:00 -0000 full Blockspace Media Alex Thorn, Head of Research at Galaxy Digital, joins The Gwart Show to discuss the state of crypto regulation, the impact of the Clarity Act, and the massive shift toward institutional adoption. Get the expert take on Bitcoin's market cycles and the political landscape in Washington. Alex Thorn, Head of Research at Galaxy Digital describes the current state of crypto legislation. He explains the Clarity Act, the role of stablecoins in the global economy, and the impact of the Trump administration on digital asset rules. Alex provides an institutional perspective on Bitcoin's recent all-time high, the reality of market deleveraging events, and why permissionless finance remains the ultimate goal.Subscribe to the newsletter! https://newsletter.blockspacemedia.comNotes: • 70 Democrats voted for bill 
 • Prediction odds at ~40% 
 • SEC has 3 GOP commissioners 
 • Deleverage on October 10th 
Timestamps:00:00 Start00:54 Alex's Galaxy role02:43 Recent topic focus05:06 regulation07:08 CLARITY act14:00 Politics and token creation19:51 Trump remorse?22:39 Current market vibes35:49 "Crypto" lagging Bitcoin43:28 "Just use AAVE"52:04 Are you ENTERTAINED!
 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers Learn more about your ad choices. Visit megaphone.fm/adchoices Alex Thorn, Head of Research at Galaxy Digital describes the current state of crypto legislation. He explains the Clarity Act, the role of stablecoins in the global economy, and the impact of the Trump administration on digital asset rules. Alex provides an institutional perspective on Bitcoin's recent all-time high, the reality of market deleveraging events, and why permissionless finance remains the ultimate goal.
Subscribe to the newsletter! https://newsletter.blockspacemedia.com
Notes:
• 70 Democrats voted for bill 

• Prediction odds at ~40% 

• SEC has 3 GOP commissioners 

• Deleverage on October 10th 

Timestamps:
00:00 Start
00:54 Alex's Galaxy role
02:43 Recent topic focus
05:06 regulation
07:08 CLARITY act
14:00 Politics and token creation
19:51 Trump remorse?
22:39 Current market vibes
35:49 "Crypto" lagging Bitcoin
43:28 "Just use AAVE"
52:04 Are you ENTERTAINED!


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.

Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3961 The Case For Q-Day 2032 w/ Justin Drake https://blockspace.media/podcast/the-case-for-q-day-2032-w-justin-drake/ Justin Drake joins us to talk about the reality of cryptographically relevant quantum computers (CROC). We dive into his recent work with Google scientists on Shor’s algorithm optimizations and why neutral atoms have become the "dark horse" in the race to break Bitcoin’s 256-bit encryption. Justin shares his updated timeline for "Q-Day," the role of US government censorship in quantum research, and why the crypto industry must act now to remain secure. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • 10,000 qubits needed to run Shor's algorithm. 
 • $5B invested in quantum industry last year. 
 • Drake says 10% chance of a "CROC" by 2032. 
 • Neutral atoms run 1,000x slower than superconducting Timestamps: 00:00 Start 00:31 Google paper 03:40 "In flight" key cracking 04:38 Superconducting qbits 05:21 Neutral atom quantum computing 08:42 Broad Quantum overview 10:53 Neutral atoms require far less infrastructure 12:41 Is Google pivoting to Neutral Atoms? 14:12 What does winner mean? 14:41 Q-day 2032? 15:55 Why the fast emergence thesis? 22:52 Theory vs engineering breakthroughs 27:03 Timelines 35:55 What is real vs hype? 37:05 Quantum error correction 41:32 Bitcoin reality check 47:25 Justin Drake is a Bitcoiner, umm kind of... 53:03 Standards 53:43 Signature aggregation 57:19 Are NIST the baddies? 1:00:31 BTC security budget worries 1:05:14 Energy bottleneck 1:06:23 ETH security The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 26 Apr 2026 08:59:00 -0000 full Blockspace Media Justin Drake joins us to talk about the reality of cryptographically relevant quantum computers (CROC). We dive into his recent work with Google scientists on Shor’s algorithm optimizations and why neutral atoms have become the "dark horse" in the race to break Bitcoin’s 256-bit encryption. Justin shares his updated timeline for "Q-Day," the role of US government censorship in quantum research, and why the crypto industry must act now to remain secure. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • 10,000 qubits needed to run Shor's algorithm. 
 • $5B invested in quantum industry last year. 
 • Drake says 10% chance of a "CROC" by 2032. 
 • Neutral atoms run 1,000x slower than superconducting Timestamps: 00:00 Start 00:31 Google paper 03:40 "In flight" key cracking 04:38 Superconducting qbits 05:21 Neutral atom quantum computing 08:42 Broad Quantum overview 10:53 Neutral atoms require far less infrastructure 12:41 Is Google pivoting to Neutral Atoms? 14:12 What does winner mean? 14:41 Q-day 2032? 15:55 Why the fast emergence thesis? 22:52 Theory vs engineering breakthroughs 27:03 Timelines 35:55 What is real vs hype? 37:05 Quantum error correction 41:32 Bitcoin reality check 47:25 Justin Drake is a Bitcoiner, umm kind of... 53:03 Standards 53:43 Signature aggregation 57:19 Are NIST the baddies? 1:00:31 BTC security budget worries 1:05:14 Energy bottleneck 1:06:23 ETH security The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Justin Drake joins us to talk about the reality of cryptographically relevant quantum computers (CROC). We dive into his recent work with Google scientists on Shor’s algorithm optimizations and why neutral atoms have become the "dark horse" in the race to break Bitcoin’s 256-bit encryption. Justin shares his updated timeline for "Q-Day," the role of US government censorship in quantum research, and why the crypto industry must act now to remain secure. Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes: • 10,000 qubits needed to run Shor's algorithm. 
 • $5B invested in quantum industry last year. 
 • Drake says 10% chance of a "CROC" by 2032. 
 • Neutral atoms run 1,000x slower than superconducting

Timestamps: 00:00 Start 00:31 Google paper 03:40 "In flight" key cracking 04:38 Superconducting qbits 05:21 Neutral atom quantum computing 08:42 Broad Quantum overview 10:53 Neutral atoms require far less infrastructure 12:41 Is Google pivoting to Neutral Atoms? 14:12 What does winner mean? 14:41 Q-day 2032? 15:55 Why the fast emergence thesis? 22:52 Theory vs engineering breakthroughs 27:03 Timelines 35:55 What is real vs hype? 37:05 Quantum error correction 41:32 Bitcoin reality check 47:25 Justin Drake is a Bitcoiner, umm kind of... 53:03 Standards 53:43 Signature aggregation 57:19 Are NIST the baddies? 1:00:31 BTC security budget worries 1:05:14 Energy bottleneck 1:06:23 ETH security

The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4625 Why Threadguy Trades Oil Now https://blockspace.media/podcast/why-threadguy-trades-oil-now/ Threadguy joins us to talk about his evolution from dropping out of college to write NFT threads to leading the new generation of crypto media. We explore the "Believe" fiasco, the reflexivity of meme coin cycles, and his transition into high-conviction macro trading like his recent oil plays. Threadguy shares insights on the societal trend of taking risks online and whether the explosive manias of the past can ever truly be replicated in a maturing market. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Believe app peaked at a $400M market cap. 
 • 60%+ of stock options are now zero-expiry. 
 • The US SPR can only release 2M barrels daily. 
 • Threadguy started his Twitter in August 2021. 
 • He traded an Afterburn NFT for a Mutant Ape. 
 • Believe went from zero to peak in three weeks. Timestamps: 00:00 Start 00:36 Where does "Threadguy" come from? 02:26 Favorite NFTs? 06:02 Solana meme memories 11:09 Are there any more crypto markets to try? 14:22 Believe 20:42 Did Believe founders make money? 21:55 Equities on Solana 32:32 Trading Oil 39:18 All markets will trade like crypto 42:47 Best accounts to follow 45:03 Survivorship bias? 48:31 Events leading up to Libra coin 1:02:48 Why launch a token at all? 1:13:10 What are you bullish on?
 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 19 Apr 2026 08:57:00 -0000 full Blockspace Media Threadguy discusses his rise from writing NFT threads to becoming a crypto media star. They discuss the collapse of "Believe" and why the next big game in crypto might look very different. Threadguy joins us to talk about his evolution from dropping out of college to write NFT threads to leading the new generation of crypto media. We explore the "Believe" fiasco, the reflexivity of meme coin cycles, and his transition into high-conviction macro trading like his recent oil plays. Threadguy shares insights on the societal trend of taking risks online and whether the explosive manias of the past can ever truly be replicated in a maturing market. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Believe app peaked at a $400M market cap. 
 • 60%+ of stock options are now zero-expiry. 
 • The US SPR can only release 2M barrels daily. 
 • Threadguy started his Twitter in August 2021. 
 • He traded an Afterburn NFT for a Mutant Ape. 
 • Believe went from zero to peak in three weeks. Timestamps: 00:00 Start 00:36 Where does "Threadguy" come from? 02:26 Favorite NFTs? 06:02 Solana meme memories 11:09 Are there any more crypto markets to try? 14:22 Believe 20:42 Did Believe founders make money? 21:55 Equities on Solana 32:32 Trading Oil 39:18 All markets will trade like crypto 42:47 Best accounts to follow 45:03 Survivorship bias? 48:31 Events leading up to Libra coin 1:02:48 Why launch a token at all? 1:13:10 What are you bullish on?
 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Threadguy joins us to talk about his evolution from dropping out of college to write NFT threads to leading the new generation of crypto media. We explore the "Believe" fiasco, the reflexivity of meme coin cycles, and his transition into high-conviction macro trading like his recent oil plays. Threadguy shares insights on the societal trend of taking risks online and whether the explosive manias of the past can ever truly be replicated in a maturing market.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes: • Believe app peaked at a $400M market cap. 
 • 60%+ of stock options are now zero-expiry. 
 • The US SPR can only release 2M barrels daily. 
 • Threadguy started his Twitter in August 2021. 
 • He traded an Afterburn NFT for a Mutant Ape. 
 • Believe went from zero to peak in three weeks. Timestamps: 00:00 Start 00:36 Where does "Threadguy" come from? 02:26 Favorite NFTs? 06:02 Solana meme memories 11:09 Are there any more crypto markets to try? 14:22 Believe 20:42 Did Believe founders make money? 21:55 Equities on Solana 32:32 Trading Oil 39:18 All markets will trade like crypto 42:47 Best accounts to follow 45:03 Survivorship bias? 48:31 Events leading up to Libra coin 1:02:48 Why launch a token at all? 1:13:10 What are you bullish on?



The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5145 We Need To Stop Geofencing DeFi Like Hyperliquid w/ Jake Chervinsky https://blockspace.media/podcast/we-need-to-stop-geofencing-defi-like-hyperliquid-w-jake-chervinsky/ Jake Chervinsky, CEO of the Hyperliquid Policy Center, joins us to talk about the critical mission of advocating for American access to decentralized markets. We dive deep into the limitations of the Commodity Exchange Act, the challenges of KYC in a permissionless world, and the evolving relationship between the SEC and CFTC. Jake explains why the current regulatory framework fails DeFi and how a new approach to licensing or exemptions could finally allow US traders to access products like Hyperliquid perps legally. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • HPC launched in mid-February 2024. 
 • CEA assumes centralized intermediaries in trades. 
 • DCM licenses require total operator control. 
 • Dodd-Frank changes targeted 2008-style leverage. 
 Timestamps: 00:00 Start 00:15 What is the Hyperliquid Policy Center? 01:21 Day in the life of Jake 03:36 What regulations need to change? 06:47 What does a rule change look like? 10:57 Bank secrecy & KYC 14:19 Possible regulation comprimises 17:48 Lobbying for regulation as moat 20:52 ellipsis labs ad 21:39 CES & CFTC now BFF <3 26:17 Devs are NOT money transmitters 31:04 What is "decentralized"? 35:40 CLARITY update 41:10 What's Coinbase doin? 47:11 Canton 54:37 Bitcoin defies regulation 59:38 Spot vs perps 1:03:45 Tokenized securities
 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 05 Apr 2026 09:53:00 -0000 full Blockspace Media Jake Chervinsky of the Hyperliquid Policy Center discusses the fight for legal perpetual trading in the US, the flaws of the Commodity Exchange Act, and how decentralized protocols can bypass traditional geofencing through smart regulatory advocacy. Jake Chervinsky, CEO of the Hyperliquid Policy Center, joins us to talk about the critical mission of advocating for American access to decentralized markets. We dive deep into the limitations of the Commodity Exchange Act, the challenges of KYC in a permissionless world, and the evolving relationship between the SEC and CFTC. Jake explains why the current regulatory framework fails DeFi and how a new approach to licensing or exemptions could finally allow US traders to access products like Hyperliquid perps legally. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • HPC launched in mid-February 2024. 
 • CEA assumes centralized intermediaries in trades. 
 • DCM licenses require total operator control. 
 • Dodd-Frank changes targeted 2008-style leverage. 
 Timestamps: 00:00 Start 00:15 What is the Hyperliquid Policy Center? 01:21 Day in the life of Jake 03:36 What regulations need to change? 06:47 What does a rule change look like? 10:57 Bank secrecy & KYC 14:19 Possible regulation comprimises 17:48 Lobbying for regulation as moat 20:52 ellipsis labs ad 21:39 CES & CFTC now BFF <3 26:17 Devs are NOT money transmitters 31:04 What is "decentralized"? 35:40 CLARITY update 41:10 What's Coinbase doin? 47:11 Canton 54:37 Bitcoin defies regulation 59:38 Spot vs perps 1:03:45 Tokenized securities
 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Jake Chervinsky, CEO of the Hyperliquid Policy Center, joins us to talk about the critical mission of advocating for American access to decentralized markets. We dive deep into the limitations of the Commodity Exchange Act, the challenges of KYC in a permissionless world, and the evolving relationship between the SEC and CFTC. Jake explains why the current regulatory framework fails DeFi and how a new approach to licensing or exemptions could finally allow US traders to access products like Hyperliquid perps legally. Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes: • HPC launched in mid-February 2024. 
 • CEA assumes centralized intermediaries in trades. 
 • DCM licenses require total operator control. 
 • Dodd-Frank changes targeted 2008-style leverage. 
 Timestamps: 00:00 Start 00:15 What is the Hyperliquid Policy Center? 01:21 Day in the life of Jake 03:36 What regulations need to change? 06:47 What does a rule change look like? 10:57 Bank secrecy & KYC 14:19 Possible regulation comprimises 17:48 Lobbying for regulation as moat 20:52 ellipsis labs ad 21:39 CES & CFTC now BFF <3 26:17 Devs are NOT money transmitters 31:04 What is "decentralized"? 35:40 CLARITY update 41:10 What's Coinbase doin? 47:11 Canton 54:37 Bitcoin defies regulation 59:38 Spot vs perps 1:03:45 Tokenized securities



The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3964 Why Miners Are Trading BTC For AI Compute w/ Rory Murray & Chris Bae https://blockspace.media/podcast/why-miners-are-trading-btc-for-ai-compute-w-rory-murray-chris-bae/ Chris Bae Founder of Enhanced Digital Group, and Rory Murray, Director of Digital Asset Management at CleanSpark, join us to talk about the professionalization of the Bitcoin mining industry. From managing $40 billion at UBS to overseeing 13,300 BTC at CleanSpark, Rory & Chris break down the three regimes of mining evolution: Wildcat, Market Share, and the current Margin era. We explore why the "Texas Hedge" is failing, how miners use options to manage risk, and why the next frontier for hashrate is AI data centers. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** * CleanSpark holds ~13,300 BTC * Chris Ray formerly managed $40B at UBS. * BTC -20% drawdown recovery averages 18 days. * Texas hedge: Doubling down on BTC exposure. * Shift toward AI and HPC in mining data centers. Timestamps: 00:00 Start 00:45 Chris' background 05:08 How Rory knows Chris 07:16 Miners hedging risk, or not... 11:55 Reflecting on mining history 20:31 Ellipsis labs 21:18 It's "expansion" not a "pivot" sir 26:22 Bitcoin is the hurdle rate for compute 30:15 Private credit 41:32 What's big money doing right now? 45:06 What's the deal with 10/10/25? 1:00:57 Everything is fake 1:10:24 The age of GRIFT The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 29 Mar 2026 09:01:00 -0000 full Blockspace Media The institutionalization of Bitcoin mining with Chris Bae (EDG) and Rory Murray (CleanSpark). We dive into the shift from the "Wildcat" era to the "Margin" era, professional hedging strategies, and the emerging pivot toward AI and HPC data centers. Chris Bae Founder of Enhanced Digital Group, and Rory Murray, Director of Digital Asset Management at CleanSpark, join us to talk about the professionalization of the Bitcoin mining industry. From managing $40 billion at UBS to overseeing 13,300 BTC at CleanSpark, Rory & Chris break down the three regimes of mining evolution: Wildcat, Market Share, and the current Margin era. We explore why the "Texas Hedge" is failing, how miners use options to manage risk, and why the next frontier for hashrate is AI data centers. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** * CleanSpark holds ~13,300 BTC * Chris Ray formerly managed $40B at UBS. * BTC -20% drawdown recovery averages 18 days. * Texas hedge: Doubling down on BTC exposure. * Shift toward AI and HPC in mining data centers. Timestamps: 00:00 Start 00:45 Chris' background 05:08 How Rory knows Chris 07:16 Miners hedging risk, or not... 11:55 Reflecting on mining history 20:31 Ellipsis labs 21:18 It's "expansion" not a "pivot" sir 26:22 Bitcoin is the hurdle rate for compute 30:15 Private credit 41:32 What's big money doing right now? 45:06 What's the deal with 10/10/25? 1:00:57 Everything is fake 1:10:24 The age of GRIFT The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Chris Bae Founder of Enhanced Digital Group, and Rory Murray, Director of Digital Asset Management at CleanSpark, join us to talk about the professionalization of the Bitcoin mining industry. From managing $40 billion at UBS to overseeing 13,300 BTC at CleanSpark, Rory & Chris break down the three regimes of mining evolution: Wildcat, Market Share, and the current Margin era. We explore why the "Texas Hedge" is failing, how miners use options to manage risk, and why the next frontier for hashrate is AI data centers. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** * CleanSpark holds ~13,300 BTC * Chris Ray formerly managed $40B at UBS. * BTC -20% drawdown recovery averages 18 days. * Texas hedge: Doubling down on BTC exposure. * Shift toward AI and HPC in mining data centers. Timestamps: 00:00 Start 00:45 Chris' background 05:08 How Rory knows Chris 07:16 Miners hedging risk, or not... 11:55 Reflecting on mining history 20:31 Ellipsis labs 21:18 It's "expansion" not a "pivot" sir 26:22 Bitcoin is the hurdle rate for compute 30:15 Private credit 41:32 What's big money doing right now? 45:06 What's the deal with 10/10/25? 1:00:57 Everything is fake 1:10:24 The age of GRIFT


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4457 Why Crypto Options Are Still In The Early Days w/ Nick Forster https://blockspace.media/podcast/crypto-options-are-still-in-the-early-days/ Nick Forster, CEO of Derive joins us to talk about his journey from trading equity options at SIG to building the leading decentralized options platform. Nick talks the shift from AMMs to app chains and why institutional liquidity is moving on-chain. Nick explains Derive's strategy of 'exporting' complex derivatives to 7+ chains and why on-chain transparency is the only fix for centralized OTC risks. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Captured 90% of on-chain options market share. * Traditional AMMs yielded 5-10% annually initially. * RFQ for institutional liquidity. Timestamps: 00:00 Start 00:19 Nick's background 01:20 History of Options 04:15 The journey toward an L2 App-chain 07:11 The "aggregation of liquidity" thesis 09:40 OTC desks & competitors 13:47 Roadblocks to institutional involvement 16:11 Hyperliquid integration 17:09 HLP 22:09 Perps 27:17 Tap trading vs dice rolls 30:52 Value capture 34:38 EFT options 36:05 Why have perps on Derive? 38:36 Current decentralized trading tech vs tradfi 43:14 Regulations 46:16 RWAs 48:30 Bridging to other chains 50:41 Derive token 52:24 Token holders The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 22 Mar 2026 08:51:00 -0000 full Blockspace Media Nick Forster, CEO of Derive, explains the evolution of decentralized options. Nick tells the story ofo his roots at SIG to capturing 90% of the on-chain market Nick Forster, CEO of Derive joins us to talk about his journey from trading equity options at SIG to building the leading decentralized options platform. Nick talks the shift from AMMs to app chains and why institutional liquidity is moving on-chain. Nick explains Derive's strategy of 'exporting' complex derivatives to 7+ chains and why on-chain transparency is the only fix for centralized OTC risks. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Captured 90% of on-chain options market share. * Traditional AMMs yielded 5-10% annually initially. * RFQ for institutional liquidity. Timestamps: 00:00 Start 00:19 Nick's background 01:20 History of Options 04:15 The journey toward an L2 App-chain 07:11 The "aggregation of liquidity" thesis 09:40 OTC desks & competitors 13:47 Roadblocks to institutional involvement 16:11 Hyperliquid integration 17:09 HLP 22:09 Perps 27:17 Tap trading vs dice rolls 30:52 Value capture 34:38 EFT options 36:05 Why have perps on Derive? 38:36 Current decentralized trading tech vs tradfi 43:14 Regulations 46:16 RWAs 48:30 Bridging to other chains 50:41 Derive token 52:24 Token holders The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Nick Forster, CEO of Derive joins us to talk about his journey from trading equity options at SIG to building the leading decentralized options platform. Nick talks the shift from AMMs to app chains and why institutional liquidity is moving on-chain. Nick explains Derive's strategy of 'exporting' complex derivatives to 7+ chains and why on-chain transparency is the only fix for centralized OTC risks. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Captured 90% of on-chain options market share. * Traditional AMMs yielded 5-10% annually initially. * RFQ for institutional liquidity. Timestamps: 00:00 Start 00:19 Nick's background 01:20 History of Options 04:15 The journey toward an L2 App-chain 07:11 The "aggregation of liquidity" thesis 09:40 OTC desks & competitors 13:47 Roadblocks to institutional involvement 16:11 Hyperliquid integration 17:09 HLP 22:09 Perps 27:17 Tap trading vs dice rolls 30:52 Value capture 34:38 EFT options 36:05 Why have perps on Derive? 38:36 Current decentralized trading tech vs tradfi 43:14 Regulations 46:16 RWAs 48:30 Bridging to other chains 50:41 Derive token 52:24 Token holders


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3283 Investable Crypto Is Shrinking w/ Noah Goldberg https://blockspace.media/podcast/investable-crypto-is-shrinking-w-noah-goldberg/ Noah Goldberg, Partner at Theia Research, talks about the shifting dynamics of the crypto market in 2025. We chat about why crypto funds are facing attrition, the "Spac-like" collapse of recent projects, and the pivot toward fintech rails. Noah breaks down the fundamentals of Hyperliquid, the reality of token overhang, and the challenges for venture capital in an environment of compressed returns. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: → Funds should be up 50% annualized in 2023-24 → Binance TGE tokens down 80-90% after 90 days → Robinhood margin rates: Sofr plus 700 Timestamps: 00:00 Start 00:35 Market overview 03:50 Liquid vs equity funds 06:43 What edge does a crypto fund have now? 12:37 Venture fund revenue prospects 18:15 Thoughts on HYPE 22:42 Quality of earnings 28:46 Taking on Wall Street 39:23 ellipsis labs 40:11 Morpho 52:07 Figure 55:51 Collaterized lending is growing 59:32 Early stage financing 1:03:34 Avici 1:06:00 MetaDAO & futarcy 1:10:25 Prediction markets The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 08 Mar 2026 09:07:00 -0000 full Blockspace Media Noah Goldberg explains brutal reality of the 2025 crypto market. Fund attrition, the shift toward fintech, the Hyperliquid valuation debate, and why the venture model is struggling with low DPI and massive token overhang post-listing. Noah Goldberg, Partner at Theia Research, talks about the shifting dynamics of the crypto market in 2025. We chat about why crypto funds are facing attrition, the "Spac-like" collapse of recent projects, and the pivot toward fintech rails. Noah breaks down the fundamentals of Hyperliquid, the reality of token overhang, and the challenges for venture capital in an environment of compressed returns. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: → Funds should be up 50% annualized in 2023-24 → Binance TGE tokens down 80-90% after 90 days → Robinhood margin rates: Sofr plus 700 Timestamps: 00:00 Start 00:35 Market overview 03:50 Liquid vs equity funds 06:43 What edge does a crypto fund have now? 12:37 Venture fund revenue prospects 18:15 Thoughts on HYPE 22:42 Quality of earnings 28:46 Taking on Wall Street 39:23 ellipsis labs 40:11 Morpho 52:07 Figure 55:51 Collaterized lending is growing 59:32 Early stage financing 1:03:34 Avici 1:06:00 MetaDAO & futarcy 1:10:25 Prediction markets The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Noah Goldberg, Partner at Theia Research, talks about the shifting dynamics of the crypto market in 2025. We chat about why crypto funds are facing attrition, the "Spac-like" collapse of recent projects, and the pivot toward fintech rails. Noah breaks down the fundamentals of Hyperliquid, the reality of token overhang, and the challenges for venture capital in an environment of compressed returns.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

→ Funds should be up 50% annualized in 2023-24

→ Binance TGE tokens down 80-90% after 90 days

→ Robinhood margin rates: Sofr plus 700


Timestamps:

00:00 Start

00:35 Market overview

03:50 Liquid vs equity funds

06:43 What edge does a crypto fund have now?

12:37 Venture fund revenue prospects

18:15 Thoughts on HYPE

22:42 Quality of earnings

28:46 Taking on Wall Street

39:23 ellipsis labs

40:11 Morpho

52:07 Figure

55:51 Collaterized lending is growing

59:32 Early stage financing

1:03:34 Avici

1:06:00 MetaDAO & futarcy

1:10:25 Prediction markets



The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4615 A Return To Fundamentals w/ Dean Eigenmann https://blockspace.media/podcast/a-return-to-fundamentals-w-dean-eigenmann/ Dean Eigenmann, Co-Founder of Market Start Inc, joins us to talk about the massive shift in crypto market dynamics. Dean explains his transition from the "closeted" world of MEV trading to launching a liquid-focused fund. We discuss why venture capital overhang has left the market without marginal buyers and why "crypto mullets" are the future of critical infrastructure. Dean also breaks down the math behind token buybacks, comparing the success of Hyperliquid to the struggles of Helium and Jupiter. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: → Tokens should be equity → Hyperliquid 11 employees → Jane Street conspiracy Timestamps: 00:00 Start 00:28 Pivoting away from trading 01:11 The acquisition & current MEV landscape 02:11 Markets Inc 04:09 Token framework 05:24 Regulations & other barriers 07:41 Buy backs 09:37 Hyperliquid buy back program 11:33 HYPE 12:49 Inflection point 13:51 Markets Inc scale & project development phases 16:25 ellipsis labs 17:13 What does "helping" projects mean? 20:58 Real time trade finance 23:48 Stablecoins & efficiency gains 25:25 Tokens vs equity 26:01 Investing in stablecoin infrastructure 28:25 Other sectors 29:39 What's NOT investable now? 30:17 But but DePIN... right? 33:41 Projects with sustainable demand? 35:24 AAVE drama 37:13 AAVE DAO & project structure 39:39 Morpho 40:53 Prediction markets 44:11 What's insider trading & Jane Street 45:59 Jane Street conspiracy 47:56 Wrap up The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 01 Mar 2026 10:27:00 -0000 full Blockspace Media Dean Eigenmann joins Gwart to discuss his pivot from MEV trading to liquid investing. Why venture overhang is crushing token prices, the failure of most buyback models, and the "crypto mullet" thesis. Dean Eigenmann, Co-Founder of Market Start Inc, joins us to talk about the massive shift in crypto market dynamics. Dean explains his transition from the "closeted" world of MEV trading to launching a liquid-focused fund. We discuss why venture capital overhang has left the market without marginal buyers and why "crypto mullets" are the future of critical infrastructure. Dean also breaks down the math behind token buybacks, comparing the success of Hyperliquid to the struggles of Helium and Jupiter. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: → Tokens should be equity → Hyperliquid 11 employees → Jane Street conspiracy Timestamps: 00:00 Start 00:28 Pivoting away from trading 01:11 The acquisition & current MEV landscape 02:11 Markets Inc 04:09 Token framework 05:24 Regulations & other barriers 07:41 Buy backs 09:37 Hyperliquid buy back program 11:33 HYPE 12:49 Inflection point 13:51 Markets Inc scale & project development phases 16:25 ellipsis labs 17:13 What does "helping" projects mean? 20:58 Real time trade finance 23:48 Stablecoins & efficiency gains 25:25 Tokens vs equity 26:01 Investing in stablecoin infrastructure 28:25 Other sectors 29:39 What's NOT investable now? 30:17 But but DePIN... right? 33:41 Projects with sustainable demand? 35:24 AAVE drama 37:13 AAVE DAO & project structure 39:39 Morpho 40:53 Prediction markets 44:11 What's insider trading & Jane Street 45:59 Jane Street conspiracy 47:56 Wrap up The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Dean Eigenmann, Co-Founder of Market Start Inc, joins us to talk about the massive shift in crypto market dynamics. Dean explains his transition from the "closeted" world of MEV trading to launching a liquid-focused fund. We discuss why venture capital overhang has left the market without marginal buyers and why "crypto mullets" are the future of critical infrastructure. Dean also breaks down the math behind token buybacks, comparing the success of Hyperliquid to the struggles of Helium and Jupiter. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: → Tokens should be equity → Hyperliquid 11 employees → Jane Street conspiracy Timestamps: 00:00 Start 00:28 Pivoting away from trading 01:11 The acquisition & current MEV landscape 02:11 Markets Inc 04:09 Token framework 05:24 Regulations & other barriers 07:41 Buy backs 09:37 Hyperliquid buy back program 11:33 HYPE 12:49 Inflection point 13:51 Markets Inc scale & project development phases 16:25 ellipsis labs 17:13 What does "helping" projects mean? 20:58 Real time trade finance 23:48 Stablecoins & efficiency gains 25:25 Tokens vs equity 26:01 Investing in stablecoin infrastructure 28:25 Other sectors 29:39 What's NOT investable now? 30:17 But but DePIN... right? 33:41 Projects with sustainable demand? 35:24 AAVE drama 37:13 AAVE DAO & project structure 39:39 Morpho 40:53 Prediction markets 44:11 What's insider trading & Jane Street 45:59 Jane Street conspiracy 47:56 Wrap up The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 2907 Why The Banking Lobby Is Fighting Stablecoin Yield https://blockspace.media/podcast/why-the-banking-lobby-is-fighting-stablecoin-yield/ Zack Shapiro, Head of Policy at the Bitcoin Policy Institute and Founder of Rains, joins us to talk about the shifting landscape of crypto regulation under the Trump administration. We discuss why the CLARITY Act is in limbo, the "Defi mullet" and the legal challenges facing AI agents. Zack gives a behind-the-scenes look at the banking lobby's war on stablecoin yields and evaluates the progress of the Strategic Bitcoin Reserve. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Banks lobbied for 1:1 yield ban. * Coinbase takes their pound of flesh * AI ends billable hour standard. Timestamps: 00:00 Start 00:24 Who is Zack? 01:25 Bitcoin Policy Institute 04:23 Current policy outlook 10:49 CLARITY Act 17:34 Will CLARITY pass? 19:32 Commodities vs Securities 21:02 Safe harbor 21:19 Howey & Utility tokens 22:37 Developer protections 24:25 How good are protections in CLARITY? 28:56 Crypto crashout & AI agents 33:43 Front ends & KYC 36:13 OFAC 39:43 Ideals in crypto 42:21 BASE 43:30 Crypto in-fighting 46:55 LLMs & the law 52:17 Prediction markets The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 24 Feb 2026 20:17:00 -0000 full Blockspace Media Zack Shapiro breaks down the current state of crypto policy, the battle over the CLARITY Act, and why the banking lobby is fighting stablecoin yield. Zack explains the "Defi Mullet," AI agent personhood, and the reality of the Strategic Bitcoin Reserve. Zack Shapiro, Head of Policy at the Bitcoin Policy Institute and Founder of Rains, joins us to talk about the shifting landscape of crypto regulation under the Trump administration. We discuss why the CLARITY Act is in limbo, the "Defi mullet" and the legal challenges facing AI agents. Zack gives a behind-the-scenes look at the banking lobby's war on stablecoin yields and evaluates the progress of the Strategic Bitcoin Reserve. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Banks lobbied for 1:1 yield ban. * Coinbase takes their pound of flesh * AI ends billable hour standard. Timestamps: 00:00 Start 00:24 Who is Zack? 01:25 Bitcoin Policy Institute 04:23 Current policy outlook 10:49 CLARITY Act 17:34 Will CLARITY pass? 19:32 Commodities vs Securities 21:02 Safe harbor 21:19 Howey & Utility tokens 22:37 Developer protections 24:25 How good are protections in CLARITY? 28:56 Crypto crashout & AI agents 33:43 Front ends & KYC 36:13 OFAC 39:43 Ideals in crypto 42:21 BASE 43:30 Crypto in-fighting 46:55 LLMs & the law 52:17 Prediction markets The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Zack Shapiro, Head of Policy at the Bitcoin Policy Institute and Founder of Rains, joins us to talk about the shifting landscape of crypto regulation under the Trump administration. We discuss why the CLARITY Act is in limbo, the "Defi mullet" and the legal challenges facing AI agents. Zack gives a behind-the-scenes look at the banking lobby's war on stablecoin yields and evaluates the progress of the Strategic Bitcoin Reserve.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

* Banks lobbied for 1:1 yield ban.

* Coinbase takes their pound of flesh

* AI ends billable hour standard.


Timestamps:

00:00 Start

00:24 Who is Zack?

01:25 Bitcoin Policy Institute

04:23 Current policy outlook

10:49 CLARITY Act

17:34 Will CLARITY pass?

19:32 Commodities vs Securities

21:02 Safe harbor

21:19 Howey & Utility tokens

22:37 Developer protections

24:25 How good are protections in CLARITY?

28:56 Crypto crashout & AI agents

33:43 Front ends & KYC

36:13 OFAC

39:43 Ideals in crypto

42:21 BASE

43:30 Crypto in-fighting

46:55 LLMs & the law

52:17 Prediction markets


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3426 The Stablecoin Liquidity Trap https://blockspace.media/podcast/the-stablecoin-liquidity-trap/ Kevin and Mitchell, Co-Founders of Sierra, talk about how their backgrounds in central banking and liquid funds led them to build a next-generation stablecoin protocol. We chat about the mechanics of yield, the regulatory landscape for platforms like Polymarket, and why the current shift in crypto is moving toward lean, efficient fintech models. Notes: * 95% to 100% of capital earns yield * Money market yields currently 2-3% * Industry shift to fintech and robotics Timestamps: 00:00 Start 00:44 Mitchell's background 02:11 Kevin's background 03:41 What is Sierra? 05:07 Yield strategies 05:31 Why is Sierra different? 09:01 Abstracting complexity away 10:50 Assessing risk 14:40 Yield percentages 15:48 DeFi Summer yields 18:05 Why use Sierra? 24:00 RWAs & T-bills 27:34 RWA "quality" 32:20 What is "on-chain"? 37:14 Composability 42:04 Current state of funds 46:38 Future of venture funding 49:24 Winners & losers The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs.xyz/careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 15 Feb 2026 10:33:00 -0000 full Blockspace Media Ex-Bank of Canada economist Mitchell and liquid fund veteran Kevin join the show to discuss Sierra, the evolution of liquid yield tokens. Kevin and Mitchell, Co-Founders of Sierra, talk about how their backgrounds in central banking and liquid funds led them to build a next-generation stablecoin protocol. We chat about the mechanics of yield, the regulatory landscape for platforms like Polymarket, and why the current shift in crypto is moving toward lean, efficient fintech models. Notes: * 95% to 100% of capital earns yield * Money market yields currently 2-3% * Industry shift to fintech and robotics Timestamps: 00:00 Start 00:44 Mitchell's background 02:11 Kevin's background 03:41 What is Sierra? 05:07 Yield strategies 05:31 Why is Sierra different? 09:01 Abstracting complexity away 10:50 Assessing risk 14:40 Yield percentages 15:48 DeFi Summer yields 18:05 Why use Sierra? 24:00 RWAs & T-bills 27:34 RWA "quality" 32:20 What is "on-chain"? 37:14 Composability 42:04 Current state of funds 46:38 Future of venture funding 49:24 Winners & losers The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs.xyz/careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Kevin and Mitchell, Co-Founders of Sierra, talk about how their backgrounds in central banking and liquid funds led them to build a next-generation stablecoin protocol. We chat about the mechanics of yield, the regulatory landscape for platforms like Polymarket, and why the current shift in crypto is moving toward lean, efficient fintech models.


Notes:

* 95% to 100% of capital earns yield

* Money market yields currently 2-3%

* Industry shift to fintech and robotics


Timestamps:

00:00 Start

00:44 Mitchell's background

02:11 Kevin's background

03:41 What is Sierra?

05:07 Yield strategies

05:31 Why is Sierra different?

09:01 Abstracting complexity away

10:50 Assessing risk

14:40 Yield percentages

15:48 DeFi Summer yields

18:05 Why use Sierra?

24:00 RWAs & T-bills

27:34 RWA "quality"

32:20 What is "on-chain"?

37:14 Composability

42:04 Current state of funds

46:38 Future of venture funding

49:24 Winners & losers



The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs.xyz/careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3050 The Pro-Quantum Argument w/ Tyler Whittle https://blockspace.media/podcast/the-pro-quantum-argument-w-tyler-whittle/ Tyler Whittle, Head of Product at Project 11 , joins us to talk about the intersection of quantum hardware and cryptographic security. He explains why current encryption like RSA and ECC are vulnerable , the progress made by Google’s Willow in noise reduction , and the specific NIST timelines for 2035. Tyler says the industry can prepare for Q-Day with new standards and why the transition is a race against time for global financial privacy and the Bitcoin network. Notes: * NIST says to deprecate classical crypto by 2035. * Google Willow reduces noise as qubits increase. * 35% of Cloudflare traffic is already PQC. * Quantum hardware could factor numbers in 18 mo. * Quantum signatures will increase Bitcoin fees. * Q-Day risk is mispriced in digital assets. Timeline: 00:02:05 Quantum Cats 00:04:57 Project Eleven 00:07:33 Project Eleven business case? 00:10:44 What's currently happening in Quantum? 00:18:10 Willow chip 00:25:33 Physical space vs digital space 00:29:10 Wen Quantum unlock? 00:29:56 Error correction 00:34:16 What is a red flag event? 00:38:00 Won't the NSA save us? 00:43:18 Costs of new signature schemes? 00:44:41 Proposals for BTC changes 00:46:31 Old coins, wat do? 00:51:49 Economic actors 00:53:14 Nuking price 00:59:13 Bitcoin vs other blockchains 01:00:46 Block size increase 01:05:56 Quantum money 01:11:04 Timelines The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 08 Feb 2026 10:49:00 -0000 full Blockspace Media Tyler Whittle joins the show to discuss the looming threat of quantum computing to modern cryptography. We chat the Q-Day timeline, Google’s Willow breakthrough , and why Bitcoin must transition to post-quantum standards to survive the next decade. Tyler Whittle, Head of Product at Project 11 , joins us to talk about the intersection of quantum hardware and cryptographic security. He explains why current encryption like RSA and ECC are vulnerable , the progress made by Google’s Willow in noise reduction , and the specific NIST timelines for 2035. Tyler says the industry can prepare for Q-Day with new standards and why the transition is a race against time for global financial privacy and the Bitcoin network. Notes: * NIST says to deprecate classical crypto by 2035. * Google Willow reduces noise as qubits increase. * 35% of Cloudflare traffic is already PQC. * Quantum hardware could factor numbers in 18 mo. * Quantum signatures will increase Bitcoin fees. * Q-Day risk is mispriced in digital assets. Timeline: 00:02:05 Quantum Cats 00:04:57 Project Eleven 00:07:33 Project Eleven business case? 00:10:44 What's currently happening in Quantum? 00:18:10 Willow chip 00:25:33 Physical space vs digital space 00:29:10 Wen Quantum unlock? 00:29:56 Error correction 00:34:16 What is a red flag event? 00:38:00 Won't the NSA save us? 00:43:18 Costs of new signature schemes? 00:44:41 Proposals for BTC changes 00:46:31 Old coins, wat do? 00:51:49 Economic actors 00:53:14 Nuking price 00:59:13 Bitcoin vs other blockchains 01:00:46 Block size increase 01:05:56 Quantum money 01:11:04 Timelines The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Tyler Whittle, Head of Product at Project 11 , joins us to talk about the intersection of quantum hardware and cryptographic security. He explains why current encryption like RSA and ECC are vulnerable , the progress made by Google’s Willow in noise reduction , and the specific NIST timelines for 2035. Tyler says the industry can prepare for Q-Day with new standards and why the transition is a race against time for global financial privacy and the Bitcoin network.


Notes:


* NIST says to deprecate classical crypto by 2035.

* Google Willow reduces noise as qubits increase.

* 35% of Cloudflare traffic is already PQC.

* Quantum hardware could factor numbers in 18 mo.

* Quantum signatures will increase Bitcoin fees.

* Q-Day risk is mispriced in digital assets.


Timeline:

00:02:05 Quantum Cats

00:04:57 Project Eleven

00:07:33 Project Eleven business case?

00:10:44 What's currently happening in Quantum?

00:18:10 Willow chip

00:25:33 Physical space vs digital space

00:29:10 Wen Quantum unlock?

00:29:56 Error correction

00:34:16 What is a red flag event?

00:38:00 Won't the NSA save us?

00:43:18 Costs of new signature schemes?

00:44:41 Proposals for BTC changes

00:46:31 Old coins, wat do?

00:51:49 Economic actors

00:53:14 Nuking price

00:59:13 Bitcoin vs other blockchains

01:00:46 Block size increase

01:05:56 Quantum money

01:11:04 Timelines


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4392 The Crypto Community Hangover w/ David Hoffman https://blockspace.media/podcast/the-crypto-community-hangover-w-david-hoffman-2/ David Hoffman, Podcaster at Bankless, joins us to talk about the evolution of crypto from a naive 2017 dream to the harsh reality of 2026. We dive into the "blockchain, not Bitcoin" rebirth, the death of Discord-led communities, and why Wall Street's tokenization is missing the point. David shares his excitement for AI-driven capital markets, the innovative app ecosystem on MegaETH, and why his portfolio remains heavily weighted in ETH despite the nihilistic market sentiment. Notes: * Ryan Sean Adams took a 3-month sabbatical. * David Hoffman's portfolio is still mostly ETH. * Bankless VC fund downsized to 15-20 checks. * China is aggressively increasing gold reserves. Timestamps: 00:00 Start 00:23 State of crypto 03:21 What's still exciting 08:14 Crypto's original vision 12:57 Community going away? 19:16 Hyperliquid 20:44 What are L2's actually being used for? 25:17 Ordering transactions 27:26 Ellipsis Labs Ad 28:14 Future of media 33:28 Money leaving the crypto space 35:41 Risk & return math 39:41 Bankless Ventures 45:07 Possible bright spots? 50:15 Future of Bankless 58:21 Bankless regrets 1:01:31 Fully changing his mind 1:04:28 Crypto's end game is here? 1:07:51 ETH: bull or bear? 1:10:40 David's personal portfolio? The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs.xyz/careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 03 Feb 2026 13:53:00 -0000 full Blockspace Media David Hoffman discusses the "crypto hangover," the shift from communities to businesses, and why internet capital markets are the only way to keep pace with AI. David Hoffman, Podcaster at Bankless, joins us to talk about the evolution of crypto from a naive 2017 dream to the harsh reality of 2026. We dive into the "blockchain, not Bitcoin" rebirth, the death of Discord-led communities, and why Wall Street's tokenization is missing the point. David shares his excitement for AI-driven capital markets, the innovative app ecosystem on MegaETH, and why his portfolio remains heavily weighted in ETH despite the nihilistic market sentiment. Notes: * Ryan Sean Adams took a 3-month sabbatical. * David Hoffman's portfolio is still mostly ETH. * Bankless VC fund downsized to 15-20 checks. * China is aggressively increasing gold reserves. Timestamps: 00:00 Start 00:23 State of crypto 03:21 What's still exciting 08:14 Crypto's original vision 12:57 Community going away? 19:16 Hyperliquid 20:44 What are L2's actually being used for? 25:17 Ordering transactions 27:26 Ellipsis Labs Ad 28:14 Future of media 33:28 Money leaving the crypto space 35:41 Risk & return math 39:41 Bankless Ventures 45:07 Possible bright spots? 50:15 Future of Bankless 58:21 Bankless regrets 1:01:31 Fully changing his mind 1:04:28 Crypto's end game is here? 1:07:51 ETH: bull or bear? 1:10:40 David's personal portfolio? The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs.xyz/careers. Learn more about your ad choices. Visit megaphone.fm/adchoices David Hoffman, Podcaster at Bankless, joins us to talk about the evolution of crypto from a naive 2017 dream to the harsh reality of 2026. We dive into the "blockchain, not Bitcoin" rebirth, the death of Discord-led communities, and why Wall Street's tokenization is missing the point. David shares his excitement for AI-driven capital markets, the innovative app ecosystem on MegaETH, and why his portfolio remains heavily weighted in ETH despite the nihilistic market sentiment.


Notes:

* Ryan Sean Adams took a 3-month sabbatical.

* David Hoffman's portfolio is still mostly ETH.

* Bankless VC fund downsized to 15-20 checks.

* China is aggressively increasing gold reserves.


Timestamps:

00:00 Start

00:23 State of crypto

03:21 What's still exciting

08:14 Crypto's original vision

12:57 Community going away?

19:16 Hyperliquid

20:44 What are L2's actually being used for?

25:17 Ordering transactions

27:26 Ellipsis Labs Ad

28:14 Future of media

33:28 Money leaving the crypto space

35:41 Risk & return math

39:41 Bankless Ventures

45:07 Possible bright spots?

50:15 Future of Bankless

58:21 Bankless regrets

1:01:31 Fully changing his mind

1:04:28 Crypto's end game is here?

1:07:51 ETH: bull or bear?

1:10:40 David's personal portfolio?

The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.

Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs.xyz/careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4299 The 1010 Exploit and other broken market structures https://blockspace.media/podcast/the-1010-exploit-and-other-broken-market-structures/ Lucas & Hersch from World Markets joins us to break down why crypto trading infrastructure is fundamentally broken: how fully onchain order books, unified risk engines, and capital-efficient design could reshape perps trading. Chapters: 0:02 Intro & guest background 1:28 From exchanges to hedge funds 3:26 Monad vs MegaETH decision 5:00 Why L2s beat L1s for trading 6:49 DeFi security flaws explained 10:29 How onchain traders find alpha 18:01 What World Markets actually is 21:59 1010 Crash explained 28:13 Why centralized exchanges fail 47:48 The 50% basis trade example 53:00 Hersch finally gets to speak The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 02 Feb 2026 15:46:00 -0000 full Blockspace Media Lucas & Hersch from World Markets explains why centralized exchanges function like casinos, how onchain risk engines unlock up to 50% returns, and why fully transparent DeFi market structure may replace today’s perp platforms. Lucas & Hersch from World Markets joins us to break down why crypto trading infrastructure is fundamentally broken: how fully onchain order books, unified risk engines, and capital-efficient design could reshape perps trading. Chapters: 0:02 Intro & guest background 1:28 From exchanges to hedge funds 3:26 Monad vs MegaETH decision 5:00 Why L2s beat L1s for trading 6:49 DeFi security flaws explained 10:29 How onchain traders find alpha 18:01 What World Markets actually is 21:59 1010 Crash explained 28:13 Why centralized exchanges fail 47:48 The 50% basis trade example 53:00 Hersch finally gets to speak The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers. Learn more about your ad choices. Visit megaphone.fm/adchoices Lucas & Hersch from World Markets joins us to break down why crypto trading infrastructure is fundamentally broken: how fully onchain order books, unified risk engines, and capital-efficient design could reshape perps trading.


Chapters:

0:02 Intro & guest background

1:28 From exchanges to hedge funds

3:26 Monad vs MegaETH decision

5:00 Why L2s beat L1s for trading

6:49 DeFi security flaws explained

10:29 How onchain traders find alpha

18:01 What World Markets actually is

21:59 1010 Crash explained

28:13 Why centralized exchanges fail

47:48 The 50% basis trade example

53:00 Hersch finally gets to speak

The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform. Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4490 1 Year After Leaving Ethereum For Solana w/ Max Resnick https://blockspace.media/podcast/1-year-after-leaving-ethereum-for-solana/ Max Resnick, Lead Economist at Anza, joins Gwart to talk about optimizing Solana for financial markets. He discusses the shift from Ethereum, the mechanics of MCP to stop censorship, and how "ACE" (Application Control Execution) empowers apps. Max discusses dominance of Prop AMMs, the controversy around block packing, and how Solana plans to compete with Hyperliquid in the perp market. Notes: - Binance retail fee is ~10 basis points- Prop AMM execution gap up to 10 bps- Humidify quotes 0.1 bps spreads Timestamps:00:00 Start00:28 Anza experience02:10 What's Max working on?05:41 New respect for development08:42 MCP > MEV12:33 Validators & toxic flow15:14 MCP status16:32 Writing code18:20 ACE21:30 Taker speed bump & Hyperliquid23:47 Oracle updates24:13 On-chain co-location26:38 Priority fee27:01 Deny list28:23 Tighter than Binance33:18 Spreads36:23 Prop AMM winners38:33 SEP & Solana40:40 MEV report44:55 User costs of MEV47:26 Block time reduction50:30 Transaction packing58:45 Prop AMMs & breaking composability1:01:23 Hyperliquid1:03:48 Solona slipping on Perps The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 11 Jan 2026 10:16:00 -0000 full Blockspace Media Max Resnick discusses his transition from Ethereum to Solana, the intricacies of MCP for solving MEV, and the rise of prop AMMs like Humidify. He dives into on-chain market structure, censorship resistance, and competing with Hyperliquid. Max Resnick, Lead Economist at Anza, joins Gwart to talk about optimizing Solana for financial markets. He discusses the shift from Ethereum, the mechanics of MCP to stop censorship, and how "ACE" (Application Control Execution) empowers apps. Max discusses dominance of Prop AMMs, the controversy around block packing, and how Solana plans to compete with Hyperliquid in the perp market. Notes: - Binance retail fee is ~10 basis points- Prop AMM execution gap up to 10 bps- Humidify quotes 0.1 bps spreads Timestamps:00:00 Start00:28 Anza experience02:10 What's Max working on?05:41 New respect for development08:42 MCP > MEV12:33 Validators & toxic flow15:14 MCP status16:32 Writing code18:20 ACE21:30 Taker speed bump & Hyperliquid23:47 Oracle updates24:13 On-chain co-location26:38 Priority fee27:01 Deny list28:23 Tighter than Binance33:18 Spreads36:23 Prop AMM winners38:33 SEP & Solana40:40 MEV report44:55 User costs of MEV47:26 Block time reduction50:30 Transaction packing58:45 Prop AMMs & breaking composability1:01:23 Hyperliquid1:03:48 Solona slipping on Perps The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Max Resnick, Lead Economist at Anza, joins Gwart to talk about optimizing Solana for financial markets. He discusses the shift from Ethereum, the mechanics of MCP to stop censorship, and how "ACE" (Application Control Execution) empowers apps. Max discusses dominance of Prop AMMs, the controversy around block packing, and how Solana plans to compete with Hyperliquid in the perp market.


Notes:

- Binance retail fee is ~10 basis points
- Prop AMM execution gap up to 10 bps
- Humidify quotes 0.1 bps spreads


Timestamps:
00:00 Start
00:28 Anza experience
02:10 What's Max working on?
05:41 New respect for development
08:42 MCP > MEV
12:33 Validators & toxic flow
15:14 MCP status
16:32 Writing code
18:20 ACE
21:30 Taker speed bump & Hyperliquid
23:47 Oracle updates
24:13 On-chain co-location
26:38 Priority fee
27:01 Deny list
28:23 Tighter than Binance
33:18 Spreads
36:23 Prop AMM winners
38:33 SEP & Solana
40:40 MEV report
44:55 User costs of MEV
47:26 Block time reduction
50:30 Transaction packing
58:45 Prop AMMs & breaking composability
1:01:23 Hyperliquid
1:03:48 Solona slipping on Perps The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.

Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4121 Getting To The Bottom Of Quantum w/ Rearden https://blockspace.media/podcast/auto-draft/ Bitcoin developer Brandon Black (ReardenCode) analyzes the reality of the quantum computing threat to Bitcoin. He explains the timeline for potential encryption breaks and why the sky isn't falling just yet. Brandon explains proposed solutions like BIP 360 and OP_CAT, and we debate whether Satoshi's stash will eventually be stolen or confiscated. Notes: * RSA keys moved from 1024 to 4096 bits * 2-3k logical qubits needed to break ECC * Logical qubits need 99.999% accuracy * Biggest quantum factored number is ~15. * BIP 360 new BC1Z address type. Timestamps: 00:00 Start 00:25 The Quantum discussion 02:43 Initial thoughts on Quantum 06:51 How would a Quantum computer work? 11:10 Quantum vs conventional computing 14:25 Rearden's general take on Quantum 16:29 Why so divided on issue? 20:13 Error correction 22:42 You gave it the answer already 25:36 It's not scaling! 30:06 Easily readable research? 34:24 The "hidden" quantum computer 38:08 Crab market = roll FUD dice 39:59 TradFi is jumpy 41:01 The plan 42:57 What is "bitcoin working"? 46:13 Screeching about Core Devs 48:21 Core team & gatekeeping 53:12 BIP 360 56:19 Are MY keys safe now? 1:01:20 Satoshi's coins 1:05:04 Opinions in the community 1:10:56 Bitcoin upgrades coming? The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 28 Dec 2025 10:39:00 -0000 full Blockspace Media Bitcoin developer Brandon Black (ReardenCode) analyzes the reality of the quantum computing threat to Bitcoin. Bitcoin developer Brandon Black (ReardenCode) analyzes the reality of the quantum computing threat to Bitcoin. He explains the timeline for potential encryption breaks and why the sky isn't falling just yet. Brandon explains proposed solutions like BIP 360 and OP_CAT, and we debate whether Satoshi's stash will eventually be stolen or confiscated. Notes: * RSA keys moved from 1024 to 4096 bits * 2-3k logical qubits needed to break ECC * Logical qubits need 99.999% accuracy * Biggest quantum factored number is ~15. * BIP 360 new BC1Z address type. Timestamps: 00:00 Start 00:25 The Quantum discussion 02:43 Initial thoughts on Quantum 06:51 How would a Quantum computer work? 11:10 Quantum vs conventional computing 14:25 Rearden's general take on Quantum 16:29 Why so divided on issue? 20:13 Error correction 22:42 You gave it the answer already 25:36 It's not scaling! 30:06 Easily readable research? 34:24 The "hidden" quantum computer 38:08 Crab market = roll FUD dice 39:59 TradFi is jumpy 41:01 The plan 42:57 What is "bitcoin working"? 46:13 Screeching about Core Devs 48:21 Core team & gatekeeping 53:12 BIP 360 56:19 Are MY keys safe now? 1:01:20 Satoshi's coins 1:05:04 Opinions in the community 1:10:56 Bitcoin upgrades coming? The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Bitcoin developer Brandon Black (ReardenCode) analyzes the reality of the quantum computing threat to Bitcoin. He explains the timeline for potential encryption breaks and why the sky isn't falling just yet. Brandon explains proposed solutions like BIP 360 and OP_CAT, and we debate whether Satoshi's stash will eventually be stolen or confiscated.

Notes:

* RSA keys moved from 1024 to 4096 bits

* 2-3k logical qubits needed to break ECC

* Logical qubits need 99.999% accuracy

* Biggest quantum factored number is ~15.

* BIP 360 new BC1Z address type.

Timestamps:

00:00 Start

00:25 The Quantum discussion

02:43 Initial thoughts on Quantum

06:51 How would a Quantum computer work?

11:10 Quantum vs conventional computing

14:25 Rearden's general take on Quantum

16:29 Why so divided on issue?

20:13 Error correction

22:42 You gave it the answer already

25:36 It's not scaling!

30:06 Easily readable research?

34:24 The "hidden" quantum computer

38:08 Crab market = roll FUD dice

39:59 TradFi is jumpy

41:01 The plan

42:57 What is "bitcoin working"?

46:13 Screeching about Core Devs

48:21 Core team & gatekeeping

53:12 BIP 360

56:19 Are MY keys safe now?

1:01:20 Satoshi's coins

1:05:04 Opinions in the community

1:10:56 Bitcoin upgrades coming?

The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. 


Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4470 How Lighter ate away Hyperliquid’s moat https://blockspace.media/podcast/how-lighter-ate-away-hyperliquids-moat/ Vladimir Novakovski, CEO of Lighter, explains their pivot from AI to a high-speed DEX. He addresses the controversy behind their zero-fee model and how ZK circuits ensure verifiability. Vlad says they're surprised at the success of Forex on Lighter, future plans for options and fixed income, and addresses community questions about token value and equity rights. Notes:- Spent 18 months building tech stack- 1,000+ trading shops in contact with Lighter- Polymarket has "pretty efficient" pricing Timestamps:00:00    Start00:35    Surprises of success02:50    Winning Perp DEX Season06:30    Regulations11:49    What parts need to be on-chain?16:57    Sidecar21:35    Forex trading flows24:35    Spot markets28:03    Future of zero fees31:15    Public book & toxic flow36:44    Standardizing Perp DEXs40:16    Paths to revenue45:47    User acquisition & tokens49:28    The Hyperliquid Standard56:24    Dealing with trolls The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 21 Dec 2025 10:16:00 -0000 full Blockspace Media Vladimir Novakovski joins us to discuss Lighter’s rapid rise as a top DEX. We cover the zero-fee model, ZK technology for verification, and the surge in on-chain Forex volume. Vlad also shares roadmap alpha on options, fixed income, and upcoming tokenomics. Vladimir Novakovski, CEO of Lighter, explains their pivot from AI to a high-speed DEX. He addresses the controversy behind their zero-fee model and how ZK circuits ensure verifiability. Vlad says they're surprised at the success of Forex on Lighter, future plans for options and fixed income, and addresses community questions about token value and equity rights. Notes:- Spent 18 months building tech stack- 1,000+ trading shops in contact with Lighter- Polymarket has "pretty efficient" pricing Timestamps:00:00    Start00:35    Surprises of success02:50    Winning Perp DEX Season06:30    Regulations11:49    What parts need to be on-chain?16:57    Sidecar21:35    Forex trading flows24:35    Spot markets28:03    Future of zero fees31:15    Public book & toxic flow36:44    Standardizing Perp DEXs40:16    Paths to revenue45:47    User acquisition & tokens49:28    The Hyperliquid Standard56:24    Dealing with trolls The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Vladimir Novakovski, CEO of Lighter, explains their pivot from AI to a high-speed DEX. He addresses the controversy behind their zero-fee model and how ZK circuits ensure verifiability. Vlad says they're surprised at the success of Forex on Lighter, future plans for options and fixed income, and addresses community questions about token value and equity rights.


Notes:
- Spent 18 months building tech stack
- 1,000+ trading shops in contact with Lighter
- Polymarket has "pretty efficient" pricing

Timestamps:
00:00    Start
00:35    Surprises of success
02:50    Winning Perp DEX Season
06:30    Regulations
11:49    What parts need to be on-chain?
16:57    Sidecar
21:35    Forex trading flows
24:35    Spot markets
28:03    Future of zero fees
31:15    Public book & toxic flow
36:44    Standardizing Perp DEXs
40:16    Paths to revenue
45:47    User acquisition & tokens
49:28    The Hyperliquid Standard
56:24    Dealing with trolls The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. 

Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3712 The Hidden Cost of Zero-Fee DEX's https://blockspace.media/podcast/the-hidden-cost-of-zero-fee-dexs/ Ruslan Fakhrutdinov from Extended Perp Exchange talks about building a unified margin across perps, vaults & yield, spot, and an integrated lending market. He explains critical components for a trustless perp DEX such as self-custody and on-chain solvency checks. Ruslan shares his experience with user acquisition programs, the total cost of execution vs. zero fees, and Extended's transparent fee model. We also discuss gauging sustainable product market fit in a post-airdrop environment and the roadmap for cross-asset collateral. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes:* Perp DEX market share grew 15-20%* Vault earns up to 1% in liquidations* Using 90% of vault shares as collateral Timestamps:00:00 Start00:03 Ruslan's background01:12 What is Extended?03:14 What must be on-chain?05:55 Perp DEX liquidity07:09 Calculating price of execution09:06 Zero fees, good or bad?13:22 Promotions vs regular users18:32 UX design21:35 Mobile trading apps23:43 Perp DEX aggregators?27:51 Vault system29:50 Estimating Vault risk34:28 End stage Vault design?38:10 Spot market plans?42:46 Validators43:34 Next 5 years46:10 RWA on DEXs47:53 Wrapping assets vs native49:06 Wrap up The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 14 Dec 2025 10:15:00 -0000 full Blockspace Media Ruslan from Extended Perp Exchange discusses building a unified margin perp exchange, the verifiability of DEXs, the zero-fee debate, attracting users and liquidity, cross-asset collateral, their roadmap, and the future of the perp DEX market. Ruslan Fakhrutdinov from Extended Perp Exchange talks about building a unified margin across perps, vaults & yield, spot, and an integrated lending market. He explains critical components for a trustless perp DEX such as self-custody and on-chain solvency checks. Ruslan shares his experience with user acquisition programs, the total cost of execution vs. zero fees, and Extended's transparent fee model. We also discuss gauging sustainable product market fit in a post-airdrop environment and the roadmap for cross-asset collateral. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes:* Perp DEX market share grew 15-20%* Vault earns up to 1% in liquidations* Using 90% of vault shares as collateral Timestamps:00:00 Start00:03 Ruslan's background01:12 What is Extended?03:14 What must be on-chain?05:55 Perp DEX liquidity07:09 Calculating price of execution09:06 Zero fees, good or bad?13:22 Promotions vs regular users18:32 UX design21:35 Mobile trading apps23:43 Perp DEX aggregators?27:51 Vault system29:50 Estimating Vault risk34:28 End stage Vault design?38:10 Spot market plans?42:46 Validators43:34 Next 5 years46:10 RWA on DEXs47:53 Wrapping assets vs native49:06 Wrap up The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Ruslan Fakhrutdinov from Extended Perp Exchange talks about building a unified margin across perps, vaults & yield, spot, and an integrated lending market. He explains critical components for a trustless perp DEX such as self-custody and on-chain solvency checks. Ruslan shares his experience with user acquisition programs, the total cost of execution vs. zero fees, and Extended's transparent fee model. We also discuss gauging sustainable product market fit in a post-airdrop environment and the roadmap for cross-asset collateral.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:
* Perp DEX market share grew 15-20%
* Vault earns up to 1% in liquidations
* Using 90% of vault shares as collateral

Timestamps:
00:00 Start
00:03 Ruslan's background
01:12 What is Extended?
03:14 What must be on-chain?
05:55 Perp DEX liquidity
07:09 Calculating price of execution
09:06 Zero fees, good or bad?
13:22 Promotions vs regular users
18:32 UX design
21:35 Mobile trading apps
23:43 Perp DEX aggregators?
27:51 Vault system
29:50 Estimating Vault risk
34:28 End stage Vault design?
38:10 Spot market plans?
42:46 Validators
43:34 Next 5 years
46:10 RWA on DEXs
47:53 Wrapping assets vs native
49:06 Wrap up

The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. 

Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 2995 Zcash Resurgence, Privacy, and Quantum w/ Zcash cofounder Ian Miers https://blockspace.media/podcast/auto-draft/ Zcash cofounder Ian Miers discusses zero-knowledge proofs, why Bitcoin's public ledger creates massive privacy problems, how SNARKs enable trust without exposure, quantum computing threats to cryptocurrency, identity and reputation systems, and why a blockchain needs privacy to function as actual money. Notes:• Zcash launched as first industrial zero-knowledge proof application• Zero Coin published 2013 (before Ethereum or SNARKs existed)• Quantum computers need thousands of qubits to break RSA• Blockchain transparency makes Bitcoin "Twitter for bank accounts" Timestamps:00:00 Start00:19 What's Ian up to?01:25 Creating Zcash05:59 Why ZK tech is a big deal?08:34 Zero knowledge proofs & Bitcoin10:36 Verifiability vs privacy14:02 The 2025 Zcash resurgence17:20 Other research20:45 Stablecoins & real world assets24:15 Ellipsis Labs Ad25:02 Regulation28:57 Government privacy overreach33:11 Zcash proposals & current development35:51 Swaps39:29 Zcash as medium of exchange?41:37 The possibility of privacy on Bitcoin43:53 Other privacy tech?50:18 Monero vs Zcash53:37 Developer block rewards57:12 Developer rewards & adoption59:39 Quantum risks1:02:45 Quantum timelines The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 30 Nov 2025 09:50:00 -0000 full Blockspace Media Ian Miers, Zcash co-founder & cryptographer, discusses zero-knowledge proofs, crypto privacy, identity solutions, quantum computing threats, and why blockchain transparency is fundamentally broken for payments. Zcash cofounder Ian Miers discusses zero-knowledge proofs, why Bitcoin's public ledger creates massive privacy problems, how SNARKs enable trust without exposure, quantum computing threats to cryptocurrency, identity and reputation systems, and why a blockchain needs privacy to function as actual money. Notes:• Zcash launched as first industrial zero-knowledge proof application• Zero Coin published 2013 (before Ethereum or SNARKs existed)• Quantum computers need thousands of qubits to break RSA• Blockchain transparency makes Bitcoin "Twitter for bank accounts" Timestamps:00:00 Start00:19 What's Ian up to?01:25 Creating Zcash05:59 Why ZK tech is a big deal?08:34 Zero knowledge proofs & Bitcoin10:36 Verifiability vs privacy14:02 The 2025 Zcash resurgence17:20 Other research20:45 Stablecoins & real world assets24:15 Ellipsis Labs Ad25:02 Regulation28:57 Government privacy overreach33:11 Zcash proposals & current development35:51 Swaps39:29 Zcash as medium of exchange?41:37 The possibility of privacy on Bitcoin43:53 Other privacy tech?50:18 Monero vs Zcash53:37 Developer block rewards57:12 Developer rewards & adoption59:39 Quantum risks1:02:45 Quantum timelines The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Zcash cofounder Ian Miers discusses zero-knowledge proofs, why Bitcoin's public ledger creates massive privacy problems, how SNARKs enable trust without exposure, quantum computing threats to cryptocurrency, identity and reputation systems, and why a blockchain needs privacy to function as actual money.

Notes:
• Zcash launched as first industrial zero-knowledge proof application
• Zero Coin published 2013 (before Ethereum or SNARKs existed)
• Quantum computers need thousands of qubits to break RSA
• Blockchain transparency makes Bitcoin "Twitter for bank accounts"

Timestamps:
00:00 Start
00:19 What's Ian up to?
01:25 Creating Zcash
05:59 Why ZK tech is a big deal?
08:34 Zero knowledge proofs & Bitcoin
10:36 Verifiability vs privacy
14:02 The 2025 Zcash resurgence
17:20 Other research
20:45 Stablecoins & real world assets
24:15 Ellipsis Labs Ad
25:02 Regulation
28:57 Government privacy overreach
33:11 Zcash proposals & current development
35:51 Swaps
39:29 Zcash as medium of exchange?
41:37 The possibility of privacy on Bitcoin
43:53 Other privacy tech?
50:18 Monero vs Zcash
53:37 Developer block rewards
57:12 Developer rewards & adoption
59:39 Quantum risks
1:02:45 Quantum timelines

The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. 

Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4163 Monad Launch w/ Keone Han & Kevin McCormick https://blockspace.media/podcast/how-monad-built-without-vc-pressure/ Keone Han and Kevin McCormick from Monad Foundation join us to talk about their upcoming mainnet launch on November 24th, why building quality infrastructure takes years not months, their unique Momentum grants program that prioritizes user acquisition costs and retention over vanity metrics like TVL, and how to maintain team focus when crypto Twitter operates on a two-day attention span.Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Monad mainnet launches November 24, 2025 • Momentum grants focus on cost-per-user acquisition • Team values long-term building over quick releases • Testnet ecosystem includes 15+ applications Timestamps:00:00 Start01:20 Why Monad ICO now?02:55 Vibe check06:37 Time to market12:28 What makes Monad unique?14:47 Node count & requirements17:34 Open source & centralization20:15 Monad vs ?23:28 Could ETH borrow from Monad?28:07 Token valuation34:02 Winner take all?34:46 Attracting users42:39 Attracting partners with $$$45:53 Airdrop & community51:14 Monad momentum54:13 Monad apps Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 23 Nov 2025 15:14:00 -0000 full Blockspace Media Monad's Keone and Kevin discuss November 24 launch, why they spent years building infrastructure, the Momentum grants program focused on user acquisition metrics over TVL, and navigating crypto Twitter's short attention spans. Keone Han and Kevin McCormick from Monad Foundation join us to talk about their upcoming mainnet launch on November 24th, why building quality infrastructure takes years not months, their unique Momentum grants program that prioritizes user acquisition costs and retention over vanity metrics like TVL, and how to maintain team focus when crypto Twitter operates on a two-day attention span.Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Monad mainnet launches November 24, 2025 • Momentum grants focus on cost-per-user acquisition • Team values long-term building over quick releases • Testnet ecosystem includes 15+ applications Timestamps:00:00 Start01:20 Why Monad ICO now?02:55 Vibe check06:37 Time to market12:28 What makes Monad unique?14:47 Node count & requirements17:34 Open source & centralization20:15 Monad vs ?23:28 Could ETH borrow from Monad?28:07 Token valuation34:02 Winner take all?34:46 Attracting users42:39 Attracting partners with $$$45:53 Airdrop & community51:14 Monad momentum54:13 Monad apps Learn more about your ad choices. Visit megaphone.fm/adchoices Keone Han and Kevin McCormick from Monad Foundation join us to talk about their upcoming mainnet launch on November 24th, why building quality infrastructure takes years not months, their unique Momentum grants program that prioritizes user acquisition costs and retention over vanity metrics like TVL, and how to maintain team focus when crypto Twitter operates on a two-day attention span.Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

• Monad mainnet launches November 24, 2025

• Momentum grants focus on cost-per-user acquisition

• Team values long-term building over quick releases

• Testnet ecosystem includes 15+ applications

Timestamps:00:00 Start01:20 Why Monad ICO now?02:55 Vibe check06:37 Time to market12:28 What makes Monad unique?14:47 Node count & requirements17:34 Open source & centralization20:15 Monad vs ?23:28 Could ETH borrow from Monad?28:07 Token valuation34:02 Winner take all?34:46 Attracting users42:39 Attracting partners with $$$45:53 Airdrop & community51:14 Monad momentum54:13 Monad apps

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3562 Why High Frequency Traders Are Leaving Wall Street https://blockspace.media/podcast/why-high-frequency-traders-are-leaving-wall-street/ Annanay Kapila, CEO & Founder of QFEX, joins us to talk about his journey from high-frequency trading at Flow Traders and Tower to building a revolutionary exchange platform. We discuss how crypto market structure solves traditional finance inefficiencies, his Y Combinator experience, regulatory strategy, 100X leverage mechanics, prediction markets, and why sports betting actually works. Launching December 2025. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tower did half of all major exchange volume • QFEX raised funding through Y Combinator • YC takes 7% equity for $125K investment • Bitcoin trades at 100X leverage on exchanges • S&P futures limited to 10X leverage • QFEX waitlist hit 10,000 people Timestamps: 00:00 Start 00:03 Annanay Kapila 02:08 Y Combinator 05:23 Market inefficiencies 09:03 Designing QFEX 12:50 Hyperliquid & Perps 18:30 Zero fees vs UX 22:36 Sharp flow & fees 27:12 Intermediating market makers 34:26 Misaligned incentives 40:53 Perps use cases 45:52 Perps vs Options 49:33 Market fragmentation 58:47 Kalshi vs Polymarket 1:06:23 KYC 1:10:37 Are prediction markets useful? 1:13:02 Wrap The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 16 Nov 2025 09:58:00 -0000 full Blockspace Media Annanay Kapila, CEO of QFEX, discusses his journey from high-frequency trading at Tower and Flow Traders to building a new exchange that merges traditional and crypto market structures through Y Combinator. Annanay Kapila, CEO & Founder of QFEX, joins us to talk about his journey from high-frequency trading at Flow Traders and Tower to building a revolutionary exchange platform. We discuss how crypto market structure solves traditional finance inefficiencies, his Y Combinator experience, regulatory strategy, 100X leverage mechanics, prediction markets, and why sports betting actually works. Launching December 2025. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tower did half of all major exchange volume • QFEX raised funding through Y Combinator • YC takes 7% equity for $125K investment • Bitcoin trades at 100X leverage on exchanges • S&P futures limited to 10X leverage • QFEX waitlist hit 10,000 people Timestamps: 00:00 Start 00:03 Annanay Kapila 02:08 Y Combinator 05:23 Market inefficiencies 09:03 Designing QFEX 12:50 Hyperliquid & Perps 18:30 Zero fees vs UX 22:36 Sharp flow & fees 27:12 Intermediating market makers 34:26 Misaligned incentives 40:53 Perps use cases 45:52 Perps vs Options 49:33 Market fragmentation 58:47 Kalshi vs Polymarket 1:06:23 KYC 1:10:37 Are prediction markets useful? 1:13:02 Wrap The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Annanay Kapila, CEO & Founder of QFEX, joins us to talk about his journey from high-frequency trading at Flow Traders and Tower to building a revolutionary exchange platform. We discuss how crypto market structure solves traditional finance inefficiencies, his Y Combinator experience, regulatory strategy, 100X leverage mechanics, prediction markets, and why sports betting actually works. Launching December 2025. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tower did half of all major exchange volume • QFEX raised funding through Y Combinator • YC takes 7% equity for $125K investment • Bitcoin trades at 100X leverage on exchanges • S&P futures limited to 10X leverage • QFEX waitlist hit 10,000 people Timestamps: 00:00 Start 00:03 Annanay Kapila 02:08 Y Combinator 05:23 Market inefficiencies 09:03 Designing QFEX 12:50 Hyperliquid & Perps 18:30 Zero fees vs UX 22:36 Sharp flow & fees 27:12 Intermediating market makers 34:26 Misaligned incentives 40:53 Perps use cases 45:52 Perps vs Options 49:33 Market fragmentation 58:47 Kalshi vs Polymarket 1:06:23 KYC 1:10:37 Are prediction markets useful? 1:13:02 Wrap

The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. 

Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠⁠ellipsislabs.xyz⁠⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4462 The Perpification of Everything https://blockspace.media/podcast/auto-draft/ Kaledora Linn, Co-Founder at Ostium, joins us to talk about revolutionizing onchain trading by bringing traditional finance assets like stocks, commodities, and FX to DeFi through perpetual contracts. We explore why perps are superior to tokenization for trading, the evolution from single-asset to cross-asset platforms, how macro news drives modern volatility, capital efficiency challenges, and why retail traders prefer perps over options. Plus institutional use cases and the future of "perpification." Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Ostium offers up to 200:1 leverage • Mirror had billions in open interest on stocks • Synthetix was heavily over-collateralized with SNX • Perps dominate over options in crypto markets • Post-COVID macro drives cross-asset volatility Timestamps: 00:00 Start 00:17 Kaledora Linn - Co-Founder of Ostium 10:01 Ostium's synthetic model 25:08 How Ostium works 35:52 Ellipsis Labs 37:56 KYC & identifying toxic traders 43:01 Market makers 45:22 Price oracles 47:22 Funding rates 52:00 Synthetic vs. on-chain order book 55:29 Weekday markets closing 59:25 On-chain price discovery 1:01:42 24/5 markets 1:03:14 Scaling the market The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠ellipsislabs.xyz⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 12 Nov 2025 20:28:00 -0000 full Blockspace Media Kaledora Linn, Co-Founder of Ostium, discusses bringing traditional finance assets onchain through perpetuals instead of tokenization. Learn why perps are more capital-efficient and better suited for traders who want exposure to stocks, commodities, and FX from their crypto wallets. Kaledora Linn, Co-Founder at Ostium, joins us to talk about revolutionizing onchain trading by bringing traditional finance assets like stocks, commodities, and FX to DeFi through perpetual contracts. We explore why perps are superior to tokenization for trading, the evolution from single-asset to cross-asset platforms, how macro news drives modern volatility, capital efficiency challenges, and why retail traders prefer perps over options. Plus institutional use cases and the future of "perpification." Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Ostium offers up to 200:1 leverage • Mirror had billions in open interest on stocks • Synthetix was heavily over-collateralized with SNX • Perps dominate over options in crypto markets • Post-COVID macro drives cross-asset volatility Timestamps: 00:00 Start 00:17 Kaledora Linn - Co-Founder of Ostium 10:01 Ostium's synthetic model 25:08 How Ostium works 35:52 Ellipsis Labs 37:56 KYC & identifying toxic traders 43:01 Market makers 45:22 Price oracles 47:22 Funding rates 52:00 Synthetic vs. on-chain order book 55:29 Weekday markets closing 59:25 On-chain price discovery 1:01:42 24/5 markets 1:03:14 Scaling the market The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠ellipsislabs.xyz⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices Kaledora Linn, Co-Founder at Ostium, joins us to talk about revolutionizing onchain trading by bringing traditional finance assets like stocks, commodities, and FX to DeFi through perpetual contracts. We explore why perps are superior to tokenization for trading, the evolution from single-asset to cross-asset platforms, how macro news drives modern volatility, capital efficiency challenges, and why retail traders prefer perps over options. Plus institutional use cases and the future of "perpification." Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Ostium offers up to 200:1 leverage • Mirror had billions in open interest on stocks • Synthetix was heavily over-collateralized with SNX • Perps dominate over options in crypto markets • Post-COVID macro drives cross-asset volatility Timestamps: 00:00 Start 00:17 Kaledora Linn - Co-Founder of Ostium 10:01 Ostium's synthetic model 25:08 How Ostium works 35:52 Ellipsis Labs 37:56 KYC & identifying toxic traders 43:01 Market makers 45:22 Price oracles 47:22 Funding rates 52:00 Synthetic vs. on-chain order book 55:29 Weekday markets closing 59:25 On-chain price discovery 1:01:42 24/5 markets 1:03:14 Scaling the market


The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. 

Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ⁠ellipsislabs.xyz⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4020 Restaking's Killer App w/ DeFi Dave https://youtu.be/56q10_RvNVE DeFi Dave, Head of Growth at Cap Money, joins us to talk about how Cap found product-market fit for restaking. Dave breaks down Cap's three-sided marketplace connecting stablecoin users, market makers (operators), and risk takers. Operators access undercollateralized loans backed by restaked ETH/BTC, paying 8-11% to beat their strategies. If they fail, risk takers eat the loss—users stay protected. We also dive into lore building, why most restaking hype was overblown, and how Cap brings Wall Street on-chain. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Cap has $15-20M currently lent to operators - Operators pay 2-4% premium fees to risk takers - Total borrowing costs range from 8-11% hurdle rate - Risk takers earn 6-7% all-in real yield - Uses EigenLayer and Symbiotic for restaking layer Timestamps: 00:00 Start 01:12 Who is DeFi Dave? 02:19 What is Cap? 07:31 Restaking & yield 09:22 Yield range 11:48 Institutional flows 12:50 Cap vs Wildcat 14:07 Legal recourse? 15:42 Staked CUSD vs CUSD 16:25 Current operator marketcap 17:08 Loan terms 19:42 CUSD vs Others 21:48 Ready for institutional capital? 23:59 Other staking use cases? 27:26 Stablecoin regulation 30:23 Collateralization 32:09 Lore building 35:38 The power of belief 41:29 What does Dave do all day? 43:56 Competitive advantage 47:57 What are Caps? 49:08 Gwarts opinion on Cap The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ellipsislabs.xyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 02 Nov 2025 10:33:00 -0000 full Blockspace Media DeFi Dave explains Cap, a stablecoin protocol using restaking to protect users while operators access capital. Market makers get undercollateralized loans backed by restaked ETH/BTC. If operators fail, risk takers get slashed—not users. Plus: lore building & why restaking finally found PMF. DeFi Dave, Head of Growth at Cap Money, joins us to talk about how Cap found product-market fit for restaking. Dave breaks down Cap's three-sided marketplace connecting stablecoin users, market makers (operators), and risk takers. Operators access undercollateralized loans backed by restaked ETH/BTC, paying 8-11% to beat their strategies. If they fail, risk takers eat the loss—users stay protected. We also dive into lore building, why most restaking hype was overblown, and how Cap brings Wall Street on-chain. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Cap has $15-20M currently lent to operators - Operators pay 2-4% premium fees to risk takers - Total borrowing costs range from 8-11% hurdle rate - Risk takers earn 6-7% all-in real yield - Uses EigenLayer and Symbiotic for restaking layer Timestamps: 00:00 Start 01:12 Who is DeFi Dave? 02:19 What is Cap? 07:31 Restaking & yield 09:22 Yield range 11:48 Institutional flows 12:50 Cap vs Wildcat 14:07 Legal recourse? 15:42 Staked CUSD vs CUSD 16:25 Current operator marketcap 17:08 Loan terms 19:42 CUSD vs Others 21:48 Ready for institutional capital? 23:59 Other staking use cases? 27:26 Stablecoin regulation 30:23 Collateralization 32:09 Lore building 35:38 The power of belief 41:29 What does Dave do all day? 43:56 Competitive advantage 47:57 What are Caps? 49:08 Gwarts opinion on Cap The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ellipsislabs.xyz. Learn more about your ad choices. Visit megaphone.fm/adchoices DeFi Dave, Head of Growth at Cap Money, joins us to talk about how Cap found product-market fit for restaking. Dave breaks down Cap's three-sided marketplace connecting stablecoin users, market makers (operators), and risk takers. Operators access undercollateralized loans backed by restaked ETH/BTC, paying 8-11% to beat their strategies. If they fail, risk takers eat the loss—users stay protected. We also dive into lore building, why most restaking hype was overblown, and how Cap brings Wall Street on-chain. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Cap has $15-20M currently lent to operators - Operators pay 2-4% premium fees to risk takers - Total borrowing costs range from 8-11% hurdle rate - Risk takers earn 6-7% all-in real yield - Uses EigenLayer and Symbiotic for restaking layer Timestamps: 00:00 Start 01:12 Who is DeFi Dave? 02:19 What is Cap? 07:31 Restaking & yield 09:22 Yield range 11:48 Institutional flows 12:50 Cap vs Wildcat 14:07 Legal recourse? 15:42 Staked CUSD vs CUSD 16:25 Current operator marketcap 17:08 Loan terms 19:42 CUSD vs Others 21:48 Ready for institutional capital? 23:59 Other staking use cases? 27:26 Stablecoin regulation 30:23 Collateralization 32:09 Lore building 35:38 The power of belief 41:29 What does Dave do all day? 43:56 Competitive advantage 47:57 What are Caps? 49:08 Gwarts opinion on Cap The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ellipsislabs.xyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3270 Circle's Bet On The Future Of Money https://blockspace.media/podcast/circle-bets-it-can-change-finance-w-gordon-liao/ Gordon Liao, Head of Research at Circle, discusses the explosive growth of USDC to a $50 billion market cap. Gordon also explains how stablecoins are revolutionizing cross-border payments, the regulatory landscape shaping crypto, Circle's strategic IPO timing, and why blockchain-based payment rails will disrupt tradfi. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • USDC reaches $50B market cap • Cross-border payments cost 6-7% traditionally • Stablecoins settle transactions in seconds • PayPal launched PYUSD competitor Timestamps: 00:00 Start 00:40 Who is Gordon? 02:21 Responsibilities at Circle 05:27 What's unique about DeFi? 11:50 Why is fractional reserve bad? 12:40 Separating lending & payments 13:23 AMM functions 15:20 xy=k (inverse variation) 18:06 Circles's mission statement? 21:16 Arc: An L1 Blockchain for Stablecoin Finance 23:15 Proof of Authority 24:32 Ellipsis Labs Ad 25:19 Staking in dollars? 27:48 Courts & laws as slashing mechanism 28:55 Permissionlessness 32:06 Stablecoin competition 34:24 Smaller banks 36:34 Small bank creating stablecoins? 38:19 Will $1 equal $1? 41:29 Arc's value add 45:11 Arc timeline 45:29 Initial use cases 48:23 Liquidity fragmentation 50:35 Managing Circle's multi-chain operations 53:18 Market volatility 55:52 circuit breakers for volatility 57:42 Auto-deleveraging 58:29 Controlling a decentralized marketplace 59:46 Hedge funds & perps 1:02:29 Will TradFi even participate in these markets? 1:04:46 Degens gonna degen The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ellipsislabs.xyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 28 Oct 2025 14:52:00 -0000 full Blockspace Media Gordon Liao from Circle discusses USDC's $50B market cap, stablecoin adoption, regulatory challenges, IPO plans, and how blockchain-based payments are transforming global finance through faster, cheaper cross-border transactions. Gordon Liao, Head of Research at Circle, discusses the explosive growth of USDC to a $50 billion market cap. Gordon also explains how stablecoins are revolutionizing cross-border payments, the regulatory landscape shaping crypto, Circle's strategic IPO timing, and why blockchain-based payment rails will disrupt tradfi. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • USDC reaches $50B market cap • Cross-border payments cost 6-7% traditionally • Stablecoins settle transactions in seconds • PayPal launched PYUSD competitor Timestamps: 00:00 Start 00:40 Who is Gordon? 02:21 Responsibilities at Circle 05:27 What's unique about DeFi? 11:50 Why is fractional reserve bad? 12:40 Separating lending & payments 13:23 AMM functions 15:20 xy=k (inverse variation) 18:06 Circles's mission statement? 21:16 Arc: An L1 Blockchain for Stablecoin Finance 23:15 Proof of Authority 24:32 Ellipsis Labs Ad 25:19 Staking in dollars? 27:48 Courts & laws as slashing mechanism 28:55 Permissionlessness 32:06 Stablecoin competition 34:24 Smaller banks 36:34 Small bank creating stablecoins? 38:19 Will $1 equal $1? 41:29 Arc's value add 45:11 Arc timeline 45:29 Initial use cases 48:23 Liquidity fragmentation 50:35 Managing Circle's multi-chain operations 53:18 Market volatility 55:52 circuit breakers for volatility 57:42 Auto-deleveraging 58:29 Controlling a decentralized marketplace 59:46 Hedge funds & perps 1:02:29 Will TradFi even participate in these markets? 1:04:46 Degens gonna degen The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges.  Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ellipsislabs.xyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Gordon Liao, Head of Research at Circle, discusses the explosive growth of USDC to a $50 billion market cap. Gordon also explains how stablecoins are revolutionizing cross-border payments, the regulatory landscape shaping crypto, Circle's strategic IPO timing, and why blockchain-based payment rails will disrupt tradfi.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

• USDC reaches $50B market cap

• Cross-border payments cost 6-7% traditionally

• Stablecoins settle transactions in seconds

• PayPal launched PYUSD competitor


Timestamps:

00:00 Start

00:40 Who is Gordon?

02:21 Responsibilities at Circle

05:27 What's unique about DeFi?

11:50 Why is fractional reserve bad?

12:40 Separating lending & payments

13:23 AMM functions

15:20 xy=k (inverse variation)

18:06 Circles's mission statement?

21:16 Arc: An L1 Blockchain for Stablecoin Finance

23:15 Proof of Authority

24:32 Ellipsis Labs Ad

25:19 Staking in dollars?

27:48 Courts & laws as slashing mechanism

28:55 Permissionlessness

32:06 Stablecoin competition

34:24 Smaller banks

36:34 Small bank creating stablecoins?

38:19 Will $1 equal $1?

41:29 Arc's value add

45:11 Arc timeline

45:29 Initial use cases

48:23 Liquidity fragmentation

50:35 Managing Circle's multi-chain operations

53:18 Market volatility

55:52 circuit breakers for volatility

57:42 Auto-deleveraging

58:29 Controlling a decentralized marketplace

59:46 Hedge funds & perps

1:02:29 Will TradFi even participate in these markets?

1:04:46 Degens gonna degen


The Gwart Show is sponsored by Ellipsis Labs. Backed by Paradigm, Electric Capital and Haun Ventures. The founders, Eugene and Jerry, have experienced Citadel Jane Street in the Solana Core team since launching their order book DEX, Phoenix. They’ve done over $80 billion in trading volume by making onchain order books competitive with centralized exchanges. 

Ellipsis is hiring for New York-based engineers. Work with a small focus team who are results driven, collaborative, and use a modern stack. If you’re an engineer who wants to work on infrastructure that’s already proven itself in the market, go to ellipsislabs.xyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3958 Why The Internet Is Too Slow for Trading Now https://blockspace.media/podcast/why-fiber-optic-is-too-slow-for-trading-now/ Austin Federa, founder of Double Zero, joins us to talk about building a new internet optimized for blockchain. We dive into how Double Zero uses private fiber networks from trading firms like Jump to reduce jitter and latency for validators, why proof-of-utility beats proof-of-stake for infrastructure, how they secured a rare SEC no-action letter, and the wild token launch that had everyone screaming online.Subscribe to the newsletter! https://newsletter.blockspacemedia.com# Notes:• Double Zero has 30% of Solana validators connected• Network has $23 billion in total connected value• Validators pay 5% of block rewards as fees• 50% of revenue is burned, 50% to fiber contributors• Token launched at $0.075, spiked significantly• 7.5% free float, 34% circulating supply at launchTimestamps:00:00 Start02:18 Launching DoubleZero03:37 Layered protocol stack08:00 Partnering w/ high frequency trading firms09:28 Monopolies vs Open Source12:43 What is "jitter"?15:14 Reducing jitter16:58 Current public internet market making18:13 Flash Boys comparison19:57 Fiber quality tiers21:39 Fiber vendors22:28 High quality fiber uses24:01 Fiber is actually 2/3 the speed of light24:51 Fiber uses in TradFi27:20 DoubleZero stakeholders30:00 Fiber bandwidth limits30:50 Opting into DoubleZero33:13 30% of stake weight on Solana34:57 How much faster?36:18 First mover advantage?37:13 Solana MEV & speed37:51 Is DoubleZero a blockchain?40:51 Fees & rewards42:44 Burning tokens44:22 Chain agnostic45:47 $23B in "connected value"?46:51 Holding DoubleZero tokens49:08 Legal & trust design50:25 Validator rug pulls?51:45 Malicious validators53:34 Reasons why firms would NOT use DoubleZero?55:22 Geography matters57:47 Proof of utility59:51 B2B utility token1:02:34 SEC letter1:04:45 Subject framing for the SEC1:08:22 Token sale1:08:58 Token NGU1:10:05 Binance Alpha1:12:09 Online hate a distraction?1:13:18 Initial token float?1:15:15 Token unlock schedule1:16:50 FUD fightingThe Gwart Show is sponsored by Ellipsis Labs: https://www.ellipsislabs.xyz/ Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 19 Oct 2025 13:15:00 -0000 full Blockspace Media Austin Federa discusses Double Zero, a layer zero network using private fiber to optimize blockchain performance. Covers network design, token economics, SEC no-action letter, and the controversial token launch that spiked on Binance Alpha Austin Federa, founder of Double Zero, joins us to talk about building a new internet optimized for blockchain. We dive into how Double Zero uses private fiber networks from trading firms like Jump to reduce jitter and latency for validators, why proof-of-utility beats proof-of-stake for infrastructure, how they secured a rare SEC no-action letter, and the wild token launch that had everyone screaming online.Subscribe to the newsletter! https://newsletter.blockspacemedia.com# Notes:• Double Zero has 30% of Solana validators connected• Network has $23 billion in total connected value• Validators pay 5% of block rewards as fees• 50% of revenue is burned, 50% to fiber contributors• Token launched at $0.075, spiked significantly• 7.5% free float, 34% circulating supply at launchTimestamps:00:00 Start02:18 Launching DoubleZero03:37 Layered protocol stack08:00 Partnering w/ high frequency trading firms09:28 Monopolies vs Open Source12:43 What is "jitter"?15:14 Reducing jitter16:58 Current public internet market making18:13 Flash Boys comparison19:57 Fiber quality tiers21:39 Fiber vendors22:28 High quality fiber uses24:01 Fiber is actually 2/3 the speed of light24:51 Fiber uses in TradFi27:20 DoubleZero stakeholders30:00 Fiber bandwidth limits30:50 Opting into DoubleZero33:13 30% of stake weight on Solana34:57 How much faster?36:18 First mover advantage?37:13 Solana MEV & speed37:51 Is DoubleZero a blockchain?40:51 Fees & rewards42:44 Burning tokens44:22 Chain agnostic45:47 $23B in "connected value"?46:51 Holding DoubleZero tokens49:08 Legal & trust design50:25 Validator rug pulls?51:45 Malicious validators53:34 Reasons why firms would NOT use DoubleZero?55:22 Geography matters57:47 Proof of utility59:51 B2B utility token1:02:34 SEC letter1:04:45 Subject framing for the SEC1:08:22 Token sale1:08:58 Token NGU1:10:05 Binance Alpha1:12:09 Online hate a distraction?1:13:18 Initial token float?1:15:15 Token unlock schedule1:16:50 FUD fightingThe Gwart Show is sponsored by Ellipsis Labs: https://www.ellipsislabs.xyz/ Learn more about your ad choices. Visit megaphone.fm/adchoices Austin Federa, founder of Double Zero, joins us to talk about building a new internet optimized for blockchain. We dive into how Double Zero uses private fiber networks from trading firms like Jump to reduce jitter and latency for validators, why proof-of-utility beats proof-of-stake for infrastructure, how they secured a rare SEC no-action letter, and the wild token launch that had everyone screaming online.Subscribe to the newsletter! https://newsletter.blockspacemedia.com# Notes:• Double Zero has 30% of Solana validators connected• Network has $23 billion in total connected value• Validators pay 5% of block rewards as fees• 50% of revenue is burned, 50% to fiber contributors• Token launched at $0.075, spiked significantly• 7.5% free float, 34% circulating supply at launchTimestamps:00:00 Start02:18 Launching DoubleZero03:37 Layered protocol stack08:00 Partnering w/ high frequency trading firms09:28 Monopolies vs Open Source12:43 What is "jitter"?15:14 Reducing jitter16:58 Current public internet market making18:13 Flash Boys comparison19:57 Fiber quality tiers21:39 Fiber vendors22:28 High quality fiber uses24:01 Fiber is actually 2/3 the speed of light24:51 Fiber uses in TradFi27:20 DoubleZero stakeholders30:00 Fiber bandwidth limits30:50 Opting into DoubleZero33:13 30% of stake weight on Solana34:57 How much faster?36:18 First mover advantage?37:13 Solana MEV & speed37:51 Is DoubleZero a blockchain?40:51 Fees & rewards42:44 Burning tokens44:22 Chain agnostic45:47 $23B in "connected value"?46:51 Holding DoubleZero tokens49:08 Legal & trust design50:25 Validator rug pulls?51:45 Malicious validators53:34 Reasons why firms would NOT use DoubleZero?55:22 Geography matters57:47 Proof of utility59:51 B2B utility token1:02:34 SEC letter1:04:45 Subject framing for the SEC1:08:22 Token sale1:08:58 Token NGU1:10:05 Binance Alpha1:12:09 Online hate a distraction?1:13:18 Initial token float?1:15:15 Token unlock schedule1:16:50 FUD fightingThe Gwart Show is sponsored by Ellipsis Labs: https://www.ellipsislabs.xyz/

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4767 The Tether Monopoly Is Over https://blockspace.media/podcast/the-tether-monopoly-is-over/ Facundo Werning, former Tether country manager for Latin America and now at Agora, joins us to talk about his journey from Argentine policy work to the front lines of the stablecoin wars. We dive deep into how stablecoins actually work in emerging markets, why Agora is positioning itself as the credibly neutral alternative to Tether and Circle, the real state of crypto adoption in Argentina, and why traditional banks are about to get completely upended. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Argentina has more US cash per capita than America • Stablecoin yields hit 10-12% vs banks' 3% in Argentina • Agora shares revenue with partners unlike competitors • $10B in stablecoins = $400M yearly opportunity cost • Tether built dominant last-mile retail distribution Timestamps 00:00 Start 00:29 Who is Facundo? 08:56 Role at Tether 12:09 Argentina & stablecoins 17:40 Daily stablecoin use 21:17 Ellipsis Labs Ad 22:05 What is Agora? 28:13 What is Agroa (simplified)? 30:03 Will Tether be disrupted? 34:42 Stablecoin fragmented liquidity 40:34 Will stablecoins migrate to one chain? 44:25 Hyperliquid 47:24 Treasury companies (DATs) 51:58 Did you say PROFITS? 56:07 Subscribe Ad 56:44 Anacdote 57:55 Javier Milei 59:22 My dad is a central banker 1:01:27 State BTC adoption 1:04:40 Generational BTC trade The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 12 Oct 2025 09:26:00 -0000 full Blockspace Media Ex-Tether country manager Facundo Werning shares why he joined Agora, how stablecoins work in Argentina, and why the duopoly is ending. Plus: Bitcoin predictions, banking's future, and what missionaries taught him about crypto's real impact. Facundo Werning, former Tether country manager for Latin America and now at Agora, joins us to talk about his journey from Argentine policy work to the front lines of the stablecoin wars. We dive deep into how stablecoins actually work in emerging markets, why Agora is positioning itself as the credibly neutral alternative to Tether and Circle, the real state of crypto adoption in Argentina, and why traditional banks are about to get completely upended. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Argentina has more US cash per capita than America • Stablecoin yields hit 10-12% vs banks' 3% in Argentina • Agora shares revenue with partners unlike competitors • $10B in stablecoins = $400M yearly opportunity cost • Tether built dominant last-mile retail distribution Timestamps 00:00 Start 00:29 Who is Facundo? 08:56 Role at Tether 12:09 Argentina & stablecoins 17:40 Daily stablecoin use 21:17 Ellipsis Labs Ad 22:05 What is Agora? 28:13 What is Agroa (simplified)? 30:03 Will Tether be disrupted? 34:42 Stablecoin fragmented liquidity 40:34 Will stablecoins migrate to one chain? 44:25 Hyperliquid 47:24 Treasury companies (DATs) 51:58 Did you say PROFITS? 56:07 Subscribe Ad 56:44 Anacdote 57:55 Javier Milei 59:22 My dad is a central banker 1:01:27 State BTC adoption 1:04:40 Generational BTC trade The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Facundo Werning, former Tether country manager for Latin America and now at Agora, joins us to talk about his journey from Argentine policy work to the front lines of the stablecoin wars. We dive deep into how stablecoins actually work in emerging markets, why Agora is positioning itself as the credibly neutral alternative to Tether and Circle, the real state of crypto adoption in Argentina, and why traditional banks are about to get completely upended.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com


NOTES:

• Argentina has more US cash per capita than America

• Stablecoin yields hit 10-12% vs banks' 3% in Argentina

• Agora shares revenue with partners unlike competitors

• $10B in stablecoins = $400M yearly opportunity cost

• Tether built dominant last-mile retail distribution


Timestamps 00:00 Start 00:29 Who is Facundo? 08:56 Role at Tether 12:09 Argentina & stablecoins 17:40 Daily stablecoin use 21:17 Ellipsis Labs Ad 22:05 What is Agora? 28:13 What is Agroa (simplified)? 30:03 Will Tether be disrupted? 34:42 Stablecoin fragmented liquidity 40:34 Will stablecoins migrate to one chain? 44:25 Hyperliquid 47:24 Treasury companies (DATs) 51:58 Did you say PROFITS? 56:07 Subscribe Ad 56:44 Anacdote 57:55 Javier Milei 59:22 My dad is a central banker 1:01:27 State BTC adoption 1:04:40 Generational BTC trade


The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3984 Saylor Survives, other crypto DATs are cooked https://blockspace.media/podcast/saylor-survives-other-crypto-dats-are-cooked/ James Christoph explains why MicroStrategy can't be replicated, DATs are doomed, and crypto markets are more efficient than people think. Plus: Celestia's inflation problem, Ethena's systemic risks, and why Hyperliquid nailed their stablecoin strategy. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • MicroStrategy's structure makes it impossible to blow up • DATs trading at discounts lack restart mechanisms • Ethereum staking yields ~40 bps after inflation/taxes • Celestia's inflation driving price toward zero • Ethena's depeg could trigger cascade in Pendle/Aave • Hyperliquid has ~$10B USDC bridged, negotiating revenue split Timestamps: 00:00 Start 00:27 Who is James Christoph? 00:49 Solana treasury companies 04:18 Tom Lee memory hole 05:42 ETH is for stablecoins :) jk 08:04 Bitmine & Sharplink Gaming 10:31 Tom Lee invested in a "fund of DATs" wat? 12:03 DATs & yield 14:29 Ok, define arbitrage? 17:03 Liquid staking tokens are stupid 20:20 Addicted to yield 24:05 Exotic derivatives 27:24 Bitcoin as a benchmark 35:03 ETH, silly silly ETH 39:58 Hyperliquid 43:50 Decentralization doesn't matter, sorry 48:26 Celestia - The Modular Blockchain TM 55:01 Athena 59:06 Fed interest rates 59:39 Circle 1:00:27 USDH The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 05 Oct 2025 09:05:00 -0000 full Blockspace Media James Christoph breaks down why MicroStrategy can't be replicated, DATs are doomed, and crypto markets are more efficient than people think. Plus: Celestia's inflation problem, Ethena's systemic risks, and why Hyperliquid nailed their stablecoin strategy. James Christoph explains why MicroStrategy can't be replicated, DATs are doomed, and crypto markets are more efficient than people think. Plus: Celestia's inflation problem, Ethena's systemic risks, and why Hyperliquid nailed their stablecoin strategy. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • MicroStrategy's structure makes it impossible to blow up • DATs trading at discounts lack restart mechanisms • Ethereum staking yields ~40 bps after inflation/taxes • Celestia's inflation driving price toward zero • Ethena's depeg could trigger cascade in Pendle/Aave • Hyperliquid has ~$10B USDC bridged, negotiating revenue split Timestamps: 00:00 Start 00:27 Who is James Christoph? 00:49 Solana treasury companies 04:18 Tom Lee memory hole 05:42 ETH is for stablecoins :) jk 08:04 Bitmine & Sharplink Gaming 10:31 Tom Lee invested in a "fund of DATs" wat? 12:03 DATs & yield 14:29 Ok, define arbitrage? 17:03 Liquid staking tokens are stupid 20:20 Addicted to yield 24:05 Exotic derivatives 27:24 Bitcoin as a benchmark 35:03 ETH, silly silly ETH 39:58 Hyperliquid 43:50 Decentralization doesn't matter, sorry 48:26 Celestia - The Modular Blockchain TM 55:01 Athena 59:06 Fed interest rates 59:39 Circle 1:00:27 USDH The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices James Christoph explains why MicroStrategy can't be replicated, DATs are doomed, and crypto markets are more efficient than people think. Plus: Celestia's inflation problem, Ethena's systemic risks, and why Hyperliquid nailed their stablecoin strategy. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • MicroStrategy's structure makes it impossible to blow up • DATs trading at discounts lack restart mechanisms • Ethereum staking yields ~40 bps after inflation/taxes • Celestia's inflation driving price toward zero • Ethena's depeg could trigger cascade in Pendle/Aave • Hyperliquid has ~$10B USDC bridged, negotiating revenue split
Timestamps: 00:00 Start 00:27 Who is James Christoph? 00:49 Solana treasury companies 04:18 Tom Lee memory hole 05:42 ETH is for stablecoins :) jk 08:04 Bitmine & Sharplink Gaming 10:31 Tom Lee invested in a "fund of DATs" wat? 12:03 DATs & yield 14:29 Ok, define arbitrage? 17:03 Liquid staking tokens are stupid 20:20 Addicted to yield 24:05 Exotic derivatives 27:24 Bitcoin as a benchmark 35:03 ETH, silly silly ETH 39:58 Hyperliquid 43:50 Decentralization doesn't matter, sorry 48:26 Celestia - The Modular Blockchain TM 55:01 Athena 59:06 Fed interest rates 59:39 Circle 1:00:27 USDH
The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.

If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3781 Inside Tempo: Stripe's New L1 For Payments https://blockspace.media/podcast/inside-tempo-stripes-new-l1-for-payments/ Mallesh, formerly Special Mechanisms Group and Rice University joins us to talk about his move to Tempo, Stripe's new payments-first blockchain.We dive into why they built another L1, multi-stablecoin architecture, MEV challenges in payments, with credible neutrality Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tempo is designed for fast finality payments • Stablecoin agnostic w/ AMM • Reserved block space for payment txns • Cross-border wire transfers are still broken for traditional systems Timestamps: 00:00 Start 00:25 Who is Mallesh? 01:50 Special Mechanisms Group 03:49 Consensys 05:34 Tempo 08:14 Advantages of Tempo 10:36 Specific Tempo designs 13:58 Fungible stablecoins 14:44 Tether & economies of scale 18:14 Validator set 22:45 Payments Only blockspace 25:51 Mallesh's title 26:58 Products 28:36 Tempo AMM 30:33 Remittance use case 35:16 International transfers & corespondent banks 41:26 Are banks cooked? 43:30 Why a new Layer 1? 48:08 Credible neutrality 50:36 Crypto Twitter is now the kiddie pool 54:45 The future of proof of Stake is... trust 1:04:03 MEV memory hole The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 29 Sep 2025 15:21:00 -0000 full Blockspace Media Malesh from Special Mechanisms Group discusses joining Tempo, Stripe's new payments-focused L1 blockchain, covering MEV, stablecoins, credible neutrality, and why they didn't build on existing chains. Mallesh, formerly Special Mechanisms Group and Rice University joins us to talk about his move to Tempo, Stripe's new payments-first blockchain.We dive into why they built another L1, multi-stablecoin architecture, MEV challenges in payments, with credible neutrality Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tempo is designed for fast finality payments • Stablecoin agnostic w/ AMM • Reserved block space for payment txns • Cross-border wire transfers are still broken for traditional systems Timestamps: 00:00 Start 00:25 Who is Mallesh? 01:50 Special Mechanisms Group 03:49 Consensys 05:34 Tempo 08:14 Advantages of Tempo 10:36 Specific Tempo designs 13:58 Fungible stablecoins 14:44 Tether & economies of scale 18:14 Validator set 22:45 Payments Only blockspace 25:51 Mallesh's title 26:58 Products 28:36 Tempo AMM 30:33 Remittance use case 35:16 International transfers & corespondent banks 41:26 Are banks cooked? 43:30 Why a new Layer 1? 48:08 Credible neutrality 50:36 Crypto Twitter is now the kiddie pool 54:45 The future of proof of Stake is... trust 1:04:03 MEV memory hole The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Mallesh, formerly Special Mechanisms Group and Rice University joins us to talk about his move to Tempo, Stripe's new payments-first blockchain.We dive into why they built another L1, multi-stablecoin architecture, MEV challenges in payments, with credible neutrality Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tempo is designed for fast finality payments • Stablecoin agnostic w/ AMM • Reserved block space for payment txns • Cross-border wire transfers are still broken for traditional systems Timestamps: 00:00 Start 00:25 Who is Mallesh? 01:50 Special Mechanisms Group 03:49 Consensys

05:34 Tempo 08:14 Advantages of Tempo 10:36 Specific Tempo designs 13:58 Fungible stablecoins 14:44 Tether & economies of scale 18:14 Validator set 22:45 Payments Only blockspace 25:51 Mallesh's title 26:58 Products 28:36 Tempo AMM 30:33 Remittance use case 35:16 International transfers & corespondent banks 41:26 Are banks cooked? 43:30 Why a new Layer 1? 48:08 Credible neutrality 50:36 Crypto Twitter is now the kiddie pool 54:45 The future of proof of Stake is... trust 1:04:03 MEV memory hole

The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

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]]> 4073 Bitcoin venture investing, bitcoin banks, and stablecoins https://blockspace.media/podcast/bitcoin-venture-investing-bitcoin-banks-and-stablecoins/ Eric Yakes, venture capitalist at Epoch Ventures, joins us to talk about Bitcoin's path from digital gold to banking system integration. We dive deep into his 130-page report on Bitcoin banking, stablecoin dynamics as Trojan horses for Bitcoin adoption, and why he believes we're heading toward a hybrid financial system that bridges traditional finance with crypto innovation. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Bitcoin lending market could 4x from 50 to 200 basis points • Trading volumes may increase 17x in next 5 years • Tether holds about 5% of reserves in Bitcoin • Bitcoin could reach $100 trillion market cap • SAB 121 repeal opens banks to crypto custody • 32,000 pounds lost in Scottish free banking century Timestamps: 00:00 Start 00:41 Eric's background 11:27 Bitcoin Venture Funding 15:51 Medium of exchange 22:20 Reducing the monetary premium in other assets? 26:03 Bitcoin Banking 31:34 Bitcoin Bank Integration Model 35:45 Stablecoins 38:11 Disrupting Banking 47:57 Ellipsis Labs 48:57 Stablecoin Yield as Staking 51:49 Stablecoins: Winner take all? 53:32 Dollar Derivatives 56:32 Stablecoins vs Bitcoin 1:06:22 Money Velocity 1:14:56 Build on Bitcoin 1:24:44 Gaming 1:28:47 Predicyions Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 21 Sep 2025 09:51:00 -0000 full Blockspace Media Eric Yakes from Epoch Ventures discusses Bitcoin's evolution from store of value to banking system integration, stablecoin dynamics Eric Yakes, venture capitalist at Epoch Ventures, joins us to talk about Bitcoin's path from digital gold to banking system integration. We dive deep into his 130-page report on Bitcoin banking, stablecoin dynamics as Trojan horses for Bitcoin adoption, and why he believes we're heading toward a hybrid financial system that bridges traditional finance with crypto innovation. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Bitcoin lending market could 4x from 50 to 200 basis points • Trading volumes may increase 17x in next 5 years • Tether holds about 5% of reserves in Bitcoin • Bitcoin could reach $100 trillion market cap • SAB 121 repeal opens banks to crypto custody • 32,000 pounds lost in Scottish free banking century Timestamps: 00:00 Start 00:41 Eric's background 11:27 Bitcoin Venture Funding 15:51 Medium of exchange 22:20 Reducing the monetary premium in other assets? 26:03 Bitcoin Banking 31:34 Bitcoin Bank Integration Model 35:45 Stablecoins 38:11 Disrupting Banking 47:57 Ellipsis Labs 48:57 Stablecoin Yield as Staking 51:49 Stablecoins: Winner take all? 53:32 Dollar Derivatives 56:32 Stablecoins vs Bitcoin 1:06:22 Money Velocity 1:14:56 Build on Bitcoin 1:24:44 Gaming 1:28:47 Predicyions Learn more about your ad choices. Visit megaphone.fm/adchoices Eric Yakes, venture capitalist at Epoch Ventures, joins us to talk about Bitcoin's path from digital gold to banking system integration. We dive deep into his 130-page report on Bitcoin banking, stablecoin dynamics as Trojan horses for Bitcoin adoption, and why he believes we're heading toward a hybrid financial system that bridges traditional finance with crypto innovation. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Bitcoin lending market could 4x from 50 to 200 basis points • Trading volumes may increase 17x in next 5 years • Tether holds about 5% of reserves in Bitcoin • Bitcoin could reach $100 trillion market cap • SAB 121 repeal opens banks to crypto custody • 32,000 pounds lost in Scottish free banking century Timestamps: 00:00 Start 00:41 Eric's background 11:27 Bitcoin Venture Funding 15:51 Medium of exchange 22:20 Reducing the monetary premium in other assets? 26:03 Bitcoin Banking 31:34 Bitcoin Bank Integration Model 35:45 Stablecoins 38:11 Disrupting Banking 47:57 Ellipsis Labs 48:57 Stablecoin Yield as Staking 51:49 Stablecoins: Winner take all? 53:32 Dollar Derivatives 56:32 Stablecoins vs Bitcoin 1:06:22 Money Velocity 1:14:56 Build on Bitcoin 1:24:44 Gaming 1:28:47 Predicyions

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]]> 5590 Bitcoin miners are front & center for the new energy trade https://blockspace.media/podcast/bitcoin-miners-are-front-center-for-the-new-energy-trade/ Rory Murray, Director of Digital Asset Management at Cleanspark, joins us to discuss his journey from global macro investing to leading Bitcoin mining operations, the Griid acquisition, cost structures, hedging strategies, and how the business is evolving into a hybrid energy‑finance powerhouse. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: Clean Spark: “America’s Bitcoin miner” Margins shrink toward zero over cycles Hedging via covered calls at $65K Power contracts lock in multi‑million deals Bitcoin used as collateral for loans Goal: monetize megawatts, not just hash Timestamps: 00:00 Start 04:38 GRIID role 14:36 Managing BTC treasury 20:21 HODL strategy 24:09 Ellipsis Labs 25:10 Miners vs Treasury Companies 33:22 Miners could be better treasury companies 55:14 What is "cost to mine 1 BTC"? 58:50 Miners will fail 1:04:16 Future miner income diversity 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 14 Sep 2025 09:28:00 -0000 full Blockspace Media Rory from Clean Spark talks macro finance, Grid’s merger, Bitcoin mining economics, and the future of crypto‑powered energy assets. Rory Murray, Director of Digital Asset Management at Cleanspark, joins us to discuss his journey from global macro investing to leading Bitcoin mining operations, the Griid acquisition, cost structures, hedging strategies, and how the business is evolving into a hybrid energy‑finance powerhouse. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: Clean Spark: “America’s Bitcoin miner” Margins shrink toward zero over cycles Hedging via covered calls at $65K Power contracts lock in multi‑million deals Bitcoin used as collateral for loans Goal: monetize megawatts, not just hash Timestamps: 00:00 Start 04:38 GRIID role 14:36 Managing BTC treasury 20:21 HODL strategy 24:09 Ellipsis Labs 25:10 Miners vs Treasury Companies 33:22 Miners could be better treasury companies 55:14 What is "cost to mine 1 BTC"? 58:50 Miners will fail 1:04:16 Future miner income diversity 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Rory Murray, Director of Digital Asset Management at Cleanspark, joins us to discuss his journey from global macro investing to leading Bitcoin mining operations, the Griid acquisition, cost structures, hedging strategies, and how the business is evolving into a hybrid energy‑finance powerhouse. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: Clean Spark: “America’s Bitcoin miner” Margins shrink toward zero over cycles Hedging via covered calls at $65K Power contracts lock in multi‑million deals Bitcoin used as collateral for loans Goal: monetize megawatts, not just hash Timestamps: 00:00 Start 04:38 GRIID role 14:36 Managing BTC treasury 20:21 HODL strategy 24:09 Ellipsis Labs 25:10 Miners vs Treasury Companies 33:22 Miners could be better treasury companies 55:14 What is "cost to mine 1 BTC"? 58:50 Miners will fail 1:04:16 Future miner income diversity 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

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]]> 4410 CRYPTOMOMMY (SEC Commissioner Hester Peirce) https://blockspace.media/podcast/cryptomommy-sec-commissioner-hester-peirce/ SEC Commissioner Hester Peirce joins us to talk about the evolving crypto regulatory landscape—from the Clarity Act and the Howey test to protocol ownership, governance tokens, and the challenges of MEV. She shares insider perspectives on market‑structure bills, self‑custody, and what regulators really care about in decentralized finance. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: Fit‑21 introduced market‑structure framework. Clarity Act pending in House & Senate. SEC can use existing authority for interim rules. Token offerings lack suitable registration exemptions. Governance tokens may or may not be securities. MEV remains a regulatory gray area. Timestamps: 00:00 Start 00:32 Market structure bills 02:22 Securities vs commodities 06:33 Why wasn't the SEC process working? 08:39 Protocols are just a set of rules 12:21 Smart contract & multisig structures 16:30 Token distribution matters 18:45 Other factors for designation 21:36 Ellipsis Labs 22:37 Custody 26:08 Bridges & multisig 27:57 Memecoins 32:38 Lobbying & education 42:22 Tokenizing equities 44:19 Governance tokens 48:56 Self custody of tokenized equities 51:47 MEV 52:59 Single sequencer 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 07 Sep 2025 09:52:00 -0000 full Blockspace Media SEC Commissioner Hester Peirce discusses the Clarity Act, token classification, protocol ownership, and MEV in a candid podcast interview. SEC Commissioner Hester Peirce joins us to talk about the evolving crypto regulatory landscape—from the Clarity Act and the Howey test to protocol ownership, governance tokens, and the challenges of MEV. She shares insider perspectives on market‑structure bills, self‑custody, and what regulators really care about in decentralized finance. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: Fit‑21 introduced market‑structure framework. Clarity Act pending in House & Senate. SEC can use existing authority for interim rules. Token offerings lack suitable registration exemptions. Governance tokens may or may not be securities. MEV remains a regulatory gray area. Timestamps: 00:00 Start 00:32 Market structure bills 02:22 Securities vs commodities 06:33 Why wasn't the SEC process working? 08:39 Protocols are just a set of rules 12:21 Smart contract & multisig structures 16:30 Token distribution matters 18:45 Other factors for designation 21:36 Ellipsis Labs 22:37 Custody 26:08 Bridges & multisig 27:57 Memecoins 32:38 Lobbying & education 42:22 Tokenizing equities 44:19 Governance tokens 48:56 Self custody of tokenized equities 51:47 MEV 52:59 Single sequencer 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices SEC Commissioner Hester Peirce joins us to talk about the evolving crypto regulatory landscape—from the Clarity Act and the Howey test to protocol ownership, governance tokens, and the challenges of MEV. She shares insider perspectives on market‑structure bills, self‑custody, and what regulators really care about in decentralized finance. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: Fit‑21 introduced market‑structure framework. Clarity Act pending in House & Senate. SEC can use existing authority for interim rules. Token offerings lack suitable registration exemptions. Governance tokens may or may not be securities. MEV remains a regulatory gray area. Timestamps: 00:00 Start 00:32 Market structure bills 02:22 Securities vs commodities 06:33 Why wasn't the SEC process working? 08:39 Protocols are just a set of rules 12:21 Smart contract & multisig structures 16:30 Token distribution matters 18:45 Other factors for designation 21:36 Ellipsis Labs 22:37 Custody 26:08 Bridges & multisig 27:57 Memecoins 32:38 Lobbying & education 42:22 Tokenizing equities 44:19 Governance tokens 48:56 Self custody of tokenized equities 51:47 MEV 52:59 Single sequencer 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

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]]> 3364 Seeker launch & Solana's future w/ Toly https://blockspace.media/podcast/seeker-launch-solanas-future-w-toly/ Anatoly from Solana joins us to talk about the recently launched Seeker phone and its strategy to break Apple/Google's 30% monopoly through crypto-native distribution. We dive deep into Hyperliquid's centralized matching engine vs Solana's decentralized approach, Bitcoin as digital gold vs investment, the meme coin phenomenon, and why hardware might be key to building alternative app ecosystems. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Seeker sold 150K units targeting crypto users • Apple/Google charge 3000 basis points (30%) • Spreads dropped from 5bp to sub-2bp in a year • Hyperliquid has 30K daily active traders • Bitcoin works same at $10K or $100K price • 1% terminal inflation rate discussion Timestamps: 00:00 Start 00:23 SOL Secret Phone 02:31 Replacing App Stores 04:29 User migration 06:42 Why mkae hardware 08:52 Spending resources on phone dev 09:36 Hyperliquid's effect on Solana 11:12 Perp Dex on Solana? 19:30 Centralized coordinators galore! 24:39 Solana narratives 27:59 Censorship resistance, no, seriously... 36:20 Memecoin chain or not? 37:27 Tether can print unlimited tokens 41:33 Solana slashing 43:02 Special snowflake BTC 53:03 Tokenomics of SOL 58:05 SOL treasury companies 1:02:00 SOL treasury company risks 1:04:17 Base is an L1, deal with it 1:05:44 Base vs SOL 1:08:20 Memecoin supply Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 31 Aug 2025 10:46:00 -0000 full Blockspace Media Anatoly discusses Solana's Seeker phone launch, competing with Apple/Google monopolies, Hyperliquid's challenge to decentralized markets, Bitcoin philosophy, meme coins, and the future of crypto hardware distribution channels. Anatoly from Solana joins us to talk about the recently launched Seeker phone and its strategy to break Apple/Google's 30% monopoly through crypto-native distribution. We dive deep into Hyperliquid's centralized matching engine vs Solana's decentralized approach, Bitcoin as digital gold vs investment, the meme coin phenomenon, and why hardware might be key to building alternative app ecosystems. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Seeker sold 150K units targeting crypto users • Apple/Google charge 3000 basis points (30%) • Spreads dropped from 5bp to sub-2bp in a year • Hyperliquid has 30K daily active traders • Bitcoin works same at $10K or $100K price • 1% terminal inflation rate discussion Timestamps: 00:00 Start 00:23 SOL Secret Phone 02:31 Replacing App Stores 04:29 User migration 06:42 Why mkae hardware 08:52 Spending resources on phone dev 09:36 Hyperliquid's effect on Solana 11:12 Perp Dex on Solana? 19:30 Centralized coordinators galore! 24:39 Solana narratives 27:59 Censorship resistance, no, seriously... 36:20 Memecoin chain or not? 37:27 Tether can print unlimited tokens 41:33 Solana slashing 43:02 Special snowflake BTC 53:03 Tokenomics of SOL 58:05 SOL treasury companies 1:02:00 SOL treasury company risks 1:04:17 Base is an L1, deal with it 1:05:44 Base vs SOL 1:08:20 Memecoin supply Learn more about your ad choices. Visit megaphone.fm/adchoices Anatoly from Solana joins us to talk about the recently launched Seeker phone and its strategy to break Apple/Google's 30% monopoly through crypto-native distribution. We dive deep into Hyperliquid's centralized matching engine vs Solana's decentralized approach, Bitcoin as digital gold vs investment, the meme coin phenomenon, and why hardware might be key to building alternative app ecosystems. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Seeker sold 150K units targeting crypto users • Apple/Google charge 3000 basis points (30%) • Spreads dropped from 5bp to sub-2bp in a year • Hyperliquid has 30K daily active traders • Bitcoin works same at $10K or $100K price • 1% terminal inflation rate discussion Timestamps: 00:00 Start 00:23 SOL Secret Phone 02:31 Replacing App Stores 04:29 User migration 06:42 Why mkae hardware 08:52 Spending resources on phone dev 09:36 Hyperliquid's effect on Solana 11:12 Perp Dex on Solana? 19:30 Centralized coordinators galore! 24:39 Solana narratives 27:59 Censorship resistance, no, seriously... 36:20 Memecoin chain or not? 37:27 Tether can print unlimited tokens 41:33 Solana slashing 43:02 Special snowflake BTC 53:03 Tokenomics of SOL 58:05 SOL treasury companies 1:02:00 SOL treasury company risks 1:04:17 Base is an L1, deal with it 1:05:44 Base vs SOL 1:08:20 Memecoin supply

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]]> 4257 Inside Dark Pools On Solana With Benedict Welcome back to The Gwart Show! Today, Benedict Brady, former quant trader and founder of Meridian joins us to talk about Solana's dark pool ecosystem, Jupiter's market dominance, the move from traditional AMMs to sophisticated trading infrastructure, MEV wars, and how his AI-powered trading assistant is changing crypto trading interfaces. Timestamps: 00:00 Start 00:19 Benedict intro 02:32 Solana focused work 05:14 Solana market evolution 13:03 RFQ vs Dark AMM 15:24 Partial RFQ Fills 17:17 Dark AMMs in practice 19:58 Define "Dark" 23:46 Why Jupyter? 27:45 Dark AMM big unlock? 30:19 Deep thoughts... 32:14 Are Solana spreads tight? 36:02 Wintermute 37:19 Why the secrecy? 40:01 Hello MEV, my old friend 45:26 Gwart the Bitcoin Maxi (or not) 49:23 SOL vs ETH 52:44 App sequencing 55:33 Perp DEX is actually an L2 58:35 BAM 59:36 Permissionless building 1:04:29 Meridian 1:07:11 LLM trading 1:09:27 AI + Crypto killer apps 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas.Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 17 Aug 2025 12:49:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Benedict Brady, former quant trader and founder of Meridian joins us to talk about Solana's dark pool ecosystem, Jupiter's market dominance, the move from traditional AMMs to sophisticated trading infrastructure, MEV wars, and how his AI-powered trading assistant is changing crypto trading interfaces. Timestamps: 00:00 Start 00:19 Benedict intro 02:32 Solana focused work 05:14 Solana market evolution 13:03 RFQ vs Dark AMM 15:24 Partial RFQ Fills 17:17 Dark AMMs in practice 19:58 Define "Dark" 23:46 Why Jupyter? 27:45 Dark AMM big unlock? 30:19 Deep thoughts... 32:14 Are Solana spreads tight? 36:02 Wintermute 37:19 Why the secrecy? 40:01 Hello MEV, my old friend 45:26 Gwart the Bitcoin Maxi (or not) 49:23 SOL vs ETH 52:44 App sequencing 55:33 Perp DEX is actually an L2 58:35 BAM 59:36 Permissionless building 1:04:29 Meridian 1:07:11 LLM trading 1:09:27 AI + Crypto killer apps 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas.Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Benedict Brady, former quant trader and founder of Meridian joins us to talk about Solana's dark pool ecosystem, Jupiter's market dominance, the move from traditional AMMs to sophisticated trading infrastructure, MEV wars, and how his AI-powered trading assistant is changing crypto trading interfaces.


Timestamps:


00:00 Start

00:19 Benedict intro

02:32 Solana focused work

05:14 Solana market evolution

13:03 RFQ vs Dark AMM

15:24 Partial RFQ Fills

17:17 Dark AMMs in practice

19:58 Define "Dark"

23:46 Why Jupyter?

27:45 Dark AMM big unlock?

30:19 Deep thoughts...

32:14 Are Solana spreads tight?

36:02 Wintermute

37:19 Why the secrecy?

40:01 Hello MEV, my old friend

45:26 Gwart the Bitcoin Maxi (or not)

49:23 SOL vs ETH

52:44 App sequencing

55:33 Perp DEX is actually an L2

58:35 BAM

59:36 Permissionless building

1:04:29 Meridian

1:07:11 LLM trading

1:09:27 AI + Crypto killer apps

👋 Watch on your podcast player of choice!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7

The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.

If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas.
Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4428 Making Bitcoin cheap to spend with Ark Welcome back to The Gwart Show! Today, Alex B from Ark Labs joins us to talk about the Ark protocol and Arkade implementation - a Bitcoin layer 2 that uses transaction batching and virtual UTXOs to scale Bitcoin beyond Lightning. We explore how Ark competes with roll-ups, enables Bitcoin capital markets, and could transform Lightning's UX while maintaining self-custody. Alex explains the technical innovations, use cases from payments to lending, and why this could be Bitcoin's answer to Ethereum's scaling solutions. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Phoenix wallet charges 0.4% per transaction • Bitcoin market cap reached $2 trillion • Roll-ups rely on bridge security assumptions • Ark enables unlimited swap throughput Chapters: 00:00 Start 01:03 What is Ark? 13:34 Sequencers 16:15 Why rollups? 23:47 Security Counsel 28:17 Ellipsis Labs 29:18 EVM vs Ark 35:41 Arkade's killer app 51:30 Bitcoin payments 1:02:17 All innovation comes back to Bitcoin 1:12:12 Fragmented liquidity 1:15:35 Open source 1:19:42 Wen Arkade beta? 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 10 Aug 2025 12:55:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Alex B from Ark Labs joins us to talk about the Ark protocol and Arkade implementation - a Bitcoin layer 2 that uses transaction batching and virtual UTXOs to scale Bitcoin beyond Lightning. We explore how Ark competes with roll-ups, enables Bitcoin capital markets, and could transform Lightning's UX while maintaining self-custody. Alex explains the technical innovations, use cases from payments to lending, and why this could be Bitcoin's answer to Ethereum's scaling solutions. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Phoenix wallet charges 0.4% per transaction • Bitcoin market cap reached $2 trillion • Roll-ups rely on bridge security assumptions • Ark enables unlimited swap throughput Chapters: 00:00 Start 01:03 What is Ark? 13:34 Sequencers 16:15 Why rollups? 23:47 Security Counsel 28:17 Ellipsis Labs 29:18 EVM vs Ark 35:41 Arkade's killer app 51:30 Bitcoin payments 1:02:17 All innovation comes back to Bitcoin 1:12:12 Fragmented liquidity 1:15:35 Open source 1:19:42 Wen Arkade beta? 👋 Watch on your podcast player of choice! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Alex B from Ark Labs joins us to talk about the Ark protocol and Arkade implementation - a Bitcoin layer 2 that uses transaction batching and virtual UTXOs to scale Bitcoin beyond Lightning. We explore how Ark competes with roll-ups, enables Bitcoin capital markets, and could transform Lightning's UX while maintaining self-custody. Alex explains the technical innovations, use cases from payments to lending, and why this could be Bitcoin's answer to Ethereum's scaling solutions.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


NOTES:

• Phoenix wallet charges 0.4% per transaction

• Bitcoin market cap reached $2 trillion

• Roll-ups rely on bridge security assumptions

• Ark enables unlimited swap throughput


Chapters:

00:00 Start

01:03 What is Ark?

13:34 Sequencers

16:15 Why rollups?

23:47 Security Counsel

28:17 Ellipsis Labs

29:18 EVM vs Ark

35:41 Arkade's killer app

51:30 Bitcoin payments

1:02:17 All innovation comes back to Bitcoin

1:12:12 Fragmented liquidity

1:15:35 Open source

1:19:42 Wen Arkade beta?


👋 Watch on your podcast player of choice!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7


The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.

If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas.

Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5008 Hyper Gamble to Wealth (w/ Felix Jauvin) https://blockspace.media/podcast/hyper-gamble-to-wealth-w-felix/ Felix Jauvin, Macro Economist and host of Forward Guidance podcast, joins us to talk about the regime shift from monetary to fiscal dominance, why Bitcoin and risk assets are hitting all-time highs despite high interest rates, the treasury company revolution led by MicroStrategy, and why "hyper gambling your way to wealth" has become a rational strategy in our current economic environment. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • US running 7% GDP deficit during full employment • Bitcoin at ATH despite 5% interest rates • MicroStrategy's 0% coupon convertible bonds • Stablecoins can't pass yield to holders • Treasury companies trading above NAV • Fiscal dominance replacing monetary policy Timestamps: 00:00 Start 00:50 Felix background 01:57 TradFi history 05:51 Current market outlook 11:48 10 yr prediction 16:37 Firing the Fed Chairman 21:29 Stablecoins 26:47 Long degens, short society 29:09 Where's my altcoin summer! 32:08 Elipsis Labs 33:09 Hyperliquid 38:21 Place your bets or eat bugs, you choose 44:40 Remember Etherium... what happened to those guys? 48:34 A black hole for capital = NGU 55:27 MSTR failure state 59:22 management teams 1:01:57 Discount to NAV, harbinger of death 1:04:11 Advice for plebs 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 03 Aug 2025 13:13:00 -0000 full Blockspace Media Felix Jauvin explains fiscal dominance, why Bitcoin hits ATHs despite high rates, treasury companies boom, and the "hyper gamble to wealth" thesis in today's manipulated economy. Felix Jauvin, Macro Economist and host of Forward Guidance podcast, joins us to talk about the regime shift from monetary to fiscal dominance, why Bitcoin and risk assets are hitting all-time highs despite high interest rates, the treasury company revolution led by MicroStrategy, and why "hyper gambling your way to wealth" has become a rational strategy in our current economic environment. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • US running 7% GDP deficit during full employment • Bitcoin at ATH despite 5% interest rates • MicroStrategy's 0% coupon convertible bonds • Stablecoins can't pass yield to holders • Treasury companies trading above NAV • Fiscal dominance replacing monetary policy Timestamps: 00:00 Start 00:50 Felix background 01:57 TradFi history 05:51 Current market outlook 11:48 10 yr prediction 16:37 Firing the Fed Chairman 21:29 Stablecoins 26:47 Long degens, short society 29:09 Where's my altcoin summer! 32:08 Elipsis Labs 33:09 Hyperliquid 38:21 Place your bets or eat bugs, you choose 44:40 Remember Etherium... what happened to those guys? 48:34 A black hole for capital = NGU 55:27 MSTR failure state 59:22 management teams 1:01:57 Discount to NAV, harbinger of death 1:04:11 Advice for plebs 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices Felix Jauvin, Macro Economist and host of Forward Guidance podcast, joins us to talk about the regime shift from monetary to fiscal dominance, why Bitcoin and risk assets are hitting all-time highs despite high interest rates, the treasury company revolution led by MicroStrategy, and why "hyper gambling your way to wealth" has become a rational strategy in our current economic environment. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • US running 7% GDP deficit during full employment • Bitcoin at ATH despite 5% interest rates • MicroStrategy's 0% coupon convertible bonds • Stablecoins can't pass yield to holders • Treasury companies trading above NAV • Fiscal dominance replacing monetary policy Timestamps: 00:00 Start 00:50 Felix background 01:57 TradFi history 05:51 Current market outlook 11:48 10 yr prediction 16:37 Firing the Fed Chairman 21:29 Stablecoins 26:47 Long degens, short society 29:09 Where's my altcoin summer! 32:08 Elipsis Labs 33:09 Hyperliquid 38:21 Place your bets or eat bugs, you choose 44:40 Remember Etherium... what happened to those guys? 48:34 A black hole for capital = NGU 55:27 MSTR failure state 59:22 management teams 1:01:57 Discount to NAV, harbinger of death 1:04:11 Advice for plebs 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4069 Inside Crypto Treasury Deals With Josh Lim FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Josh Lim from FalconX joins us to talk about the massive boom in corporate crypto treasury vehicles. We talk about how these deals work, from management teams and investment bankers structuring vehicles to raise capital, to the 45-60 day liquidity windows and 2-6x NAV premiums investors are seeing. Josh explains the Michael Saylor playbook, yield strategies, and whether this trend is sustainable or headed for a crash. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Treasury vehicles see 45-60 day liquidity windows • Some trade at 2-6x NAV premiums currently   • $4 billion new Bitcoin vehicle announced recently • Circle IPO traded at $230 per share peak • MicroStrategy model being widely replicated • 3-5 month timeline for SPAC conversions Timestamps: 00:00 Start 00:46 Josh's background & FalconX 03:12 Arbelos Markets 04:03 Market overview 07:03 Digital asset treasury companies 11:07 Starting a treasury vehicle company 12:36 Hostile takeovers? 16:06 Deal structure 21:17 LOL "Management team" 23:09 ROI for investors 26:56 What's a healthy multiple? 28:19 Copy/Paste Strategy 29:32 Yield strategies 32:02 How does this fail? 35:40 Premium longevity 38:10 Out "Sayloring" Saylor, c'mon bro? 41:26 Alt Season go bye bye? 46:06 Trading on-chain, relic of the past? 49:30 24/7 trading 50:57 Prediction markets 53:24 Gwart's take on treasury companies 54:49 Josh's optimistic take 56:19 Circle IPO 57:29 Degen's gonna degen 59:05 Wrap 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 27 Jul 2025 13:56:00 -0000 full Blockspace Media FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Josh Lim from FalconX joins us to talk about the massive boom in corporate crypto treasury vehicles. We talk about how these deals work, from management teams and investment bankers structuring vehicles to raise capital, to the 45-60 day liquidity windows and 2-6x NAV premiums investors are seeing. Josh explains the Michael Saylor playbook, yield strategies, and whether this trend is sustainable or headed for a crash. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Treasury vehicles see 45-60 day liquidity windows • Some trade at 2-6x NAV premiums currently   • $4 billion new Bitcoin vehicle announced recently • Circle IPO traded at $230 per share peak • MicroStrategy model being widely replicated • 3-5 month timeline for SPAC conversions Timestamps: 00:00 Start 00:46 Josh's background & FalconX 03:12 Arbelos Markets 04:03 Market overview 07:03 Digital asset treasury companies 11:07 Starting a treasury vehicle company 12:36 Hostile takeovers? 16:06 Deal structure 21:17 LOL "Management team" 23:09 ROI for investors 26:56 What's a healthy multiple? 28:19 Copy/Paste Strategy 29:32 Yield strategies 32:02 How does this fail? 35:40 Premium longevity 38:10 Out "Sayloring" Saylor, c'mon bro? 41:26 Alt Season go bye bye? 46:06 Trading on-chain, relic of the past? 49:30 24/7 trading 50:57 Prediction markets 53:24 Gwart's take on treasury companies 54:49 Josh's optimistic take 56:19 Circle IPO 57:29 Degen's gonna degen 59:05 Wrap 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices FILL OUT THE SURVEY BY CLICKING HERE

Welcome back to The Gwart Show! Today, Josh Lim from FalconX joins us to talk about the massive boom in corporate crypto treasury vehicles. We talk about how these deals work, from management teams and investment bankers structuring vehicles to raise capital, to the 45-60 day liquidity windows and 2-6x NAV premiums investors are seeing. Josh explains the Michael Saylor playbook, yield strategies, and whether this trend is sustainable or headed for a crash.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

• Treasury vehicles see 45-60 day liquidity windows

• Some trade at 2-6x NAV premiums currently  

• $4 billion new Bitcoin vehicle announced recently

• Circle IPO traded at $230 per share peak

• MicroStrategy model being widely replicated

• 3-5 month timeline for SPAC conversions

Timestamps:

00:00 Start

00:46 Josh's background & FalconX

03:12 Arbelos Markets

04:03 Market overview

07:03 Digital asset treasury companies

11:07 Starting a treasury vehicle company

12:36 Hostile takeovers?

16:06 Deal structure

21:17 LOL "Management team"

23:09 ROI for investors

26:56 What's a healthy multiple?

28:19 Copy/Paste Strategy

29:32 Yield strategies

32:02 How does this fail?

35:40 Premium longevity

38:10 Out "Sayloring" Saylor, c'mon bro?

41:26 Alt Season go bye bye?

46:06 Trading on-chain, relic of the past?

49:30 24/7 trading

50:57 Prediction markets

53:24 Gwart's take on treasury companies

54:49 Josh's optimistic take

56:19 Circle IPO

57:29 Degen's gonna degen

59:05 Wrap

👋 Enjoy the clip? Click below to listen on a podcasting app!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7

👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3591 Squaring Ethereum’s ‘World Computer’ Vision With Christopher Goes FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Christopher Goes, early Ethereum contributor and IBC protocol creator, joins us to talk about why Ethereum failed as a world computer, the organizational chaos at Cosmos (including a CEO who declared himself Jesus), privacy solutions like Narmada, intent-based systems, and how crypto shifted from idealistic public goods to pure attention-driven capitalism. Follow our guest on Twitter! @cwgoes Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Cosmos Hub generates zero revenue still • Bitcoin was $1 when Goes started mining • Anoma synthesizes Ethereum, Cosmos, Zcash • Wyvern protocol was OpenSea's backup • IBC connects all Cosmos chains today • Signal adoption shows privacy step functions Timestamps: 00:00 Start 00:57 CW background 04:41 Early days of Ethereum 08:17 Cosmos 09:56 IBC protocol 10:16 Cosmos: God, Bad & Ugly 14:09 App chain thesis 15:17 Anoma 21:19 Intent-centric design 24:08 Ellipsis Labs 25:09 Namada 26:35 Goal of Namada 28:46 Anonymity set 30:44 Open ledgers vs privacy 36:15 Traders want privacy 37:20 Blockchains & the surveillance state 38:51 Evolution of ETH theory 42:48 ETH fails at "global computer" 45:02 Source of failure 47:37 L1 vs L2 scaling 51:30 The state of interoperability 59:02 People following incentives 1:03:34 Innovation fragmentation 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 20 Jul 2025 13:05:00 -0000 full Blockspace Media FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Christopher Goes, early Ethereum contributor and IBC protocol creator, joins us to talk about why Ethereum failed as a world computer, the organizational chaos at Cosmos (including a CEO who declared himself Jesus), privacy solutions like Narmada, intent-based systems, and how crypto shifted from idealistic public goods to pure attention-driven capitalism. Follow our guest on Twitter! @cwgoes Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Cosmos Hub generates zero revenue still • Bitcoin was $1 when Goes started mining • Anoma synthesizes Ethereum, Cosmos, Zcash • Wyvern protocol was OpenSea's backup • IBC connects all Cosmos chains today • Signal adoption shows privacy step functions Timestamps: 00:00 Start 00:57 CW background 04:41 Early days of Ethereum 08:17 Cosmos 09:56 IBC protocol 10:16 Cosmos: God, Bad & Ugly 14:09 App chain thesis 15:17 Anoma 21:19 Intent-centric design 24:08 Ellipsis Labs 25:09 Namada 26:35 Goal of Namada 28:46 Anonymity set 30:44 Open ledgers vs privacy 36:15 Traders want privacy 37:20 Blockchains & the surveillance state 38:51 Evolution of ETH theory 42:48 ETH fails at "global computer" 45:02 Source of failure 47:37 L1 vs L2 scaling 51:30 The state of interoperability 59:02 People following incentives 1:03:34 Innovation fragmentation 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices FILL OUT THE SURVEY BY CLICKING HERE


Welcome back to The Gwart Show! Today, Christopher Goes, early Ethereum contributor and IBC protocol creator, joins us to talk about why Ethereum failed as a world computer, the organizational chaos at Cosmos (including a CEO who declared himself Jesus), privacy solutions like Narmada, intent-based systems, and how crypto shifted from idealistic public goods to pure attention-driven capitalism.


Follow our guest on Twitter! @cwgoes

Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

• Cosmos Hub generates zero revenue still

• Bitcoin was $1 when Goes started mining

• Anoma synthesizes Ethereum, Cosmos, Zcash

• Wyvern protocol was OpenSea's backup

• IBC connects all Cosmos chains today

• Signal adoption shows privacy step functions


Timestamps:

00:00 Start

00:57 CW background

04:41 Early days of Ethereum

08:17 Cosmos

09:56 IBC protocol

10:16 Cosmos: God, Bad & Ugly

14:09 App chain thesis

15:17 Anoma

21:19 Intent-centric design

24:08 Ellipsis Labs

25:09 Namada

26:35 Goal of Namada

28:46 Anonymity set

30:44 Open ledgers vs privacy

36:15 Traders want privacy

37:20 Blockchains & the surveillance state

38:51 Evolution of ETH theory

42:48 ETH fails at "global computer"

45:02 Source of failure

47:37 L1 vs L2 scaling

51:30 The state of interoperability

59:02 People following incentives

1:03:34 Innovation fragmentation


👋 Enjoy the clip? Click below to listen on a podcasting app!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7


👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4197 Privacy and Bitcoin development with Carl Dong FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Carl Dong, founder of Obscura VPN and former Bitcoin Core developer at Chain Code Labs, joins us to talk about his transition from Bitcoin development to building privacy infrastructure. We discuss his work on reproducible builds, supply chain security, the funding dynamics of Bitcoin development, and why he created the first multi-hop VPN that eliminates single points of trust. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 01:09 Carl's professional background 02:54 Personal background 07:50 Open source vs product dev 18:14 Chaincode's influence 23:05 Ellipsis Labs 24:06 Funding open source work 30:21 Obscura VPN 36:07 The state of TOR 40:30 VPN user base 45:10 Easy personal privacy steps 47:57 Privacy in Bitcoin 53:21 Simplicity 58:02 Innovations from the "crypto" space 1:00:21 Wrap up 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 Newsletter https://blockspace.media/newsletter/ 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 13 Jul 2025 13:29:00 -0000 full Blockspace Media FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Carl Dong, founder of Obscura VPN and former Bitcoin Core developer at Chain Code Labs, joins us to talk about his transition from Bitcoin development to building privacy infrastructure. We discuss his work on reproducible builds, supply chain security, the funding dynamics of Bitcoin development, and why he created the first multi-hop VPN that eliminates single points of trust. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 01:09 Carl's professional background 02:54 Personal background 07:50 Open source vs product dev 18:14 Chaincode's influence 23:05 Ellipsis Labs 24:06 Funding open source work 30:21 Obscura VPN 36:07 The state of TOR 40:30 VPN user base 45:10 Easy personal privacy steps 47:57 Privacy in Bitcoin 53:21 Simplicity 58:02 Innovations from the "crypto" space 1:00:21 Wrap up 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 Newsletter https://blockspace.media/newsletter/ 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices FILL OUT THE SURVEY BY CLICKING HERE

Welcome back to The Gwart Show! Today, Carl Dong, founder of Obscura VPN and former Bitcoin Core developer at Chain Code Labs, joins us to talk about his transition from Bitcoin development to building privacy infrastructure. We discuss his work on reproducible builds, supply chain security, the funding dynamics of Bitcoin development, and why he created the first multi-hop VPN that eliminates single points of trust.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Timestamps:

00:00 Start

01:09 Carl's professional background

02:54 Personal background

07:50 Open source vs product dev

18:14 Chaincode's influence

23:05 Ellipsis Labs

24:06 Funding open source work

30:21 Obscura VPN

36:07 The state of TOR

40:30 VPN user base

45:10 Easy personal privacy steps

47:57 Privacy in Bitcoin

53:21 Simplicity

58:02 Innovations from the "crypto" space

1:00:21 Wrap up

👋 Enjoy the clip? Click below to listen on a podcasting app!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7

Newsletter https://blockspace.media/newsletter/

👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3681 State of the trenches with Robert Chang FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Robert Chang, crypto trader and prolific Twitter shitposter, joins us to talk about his wild ride through crypto's highs and lows - from being a Luna lunatic to losing everything on Hyperliquid, navigating AI agent metas, getting rugged by VCs stealing his ideas, and why internet capital markets might just be elaborate poker chips with better marketing. Subscribe to the newsletter! https://newsletter.blockspacemedia.com • Luna looping strategy led to total account loss • Hyperliquid refunded liquidation due to oracle issues   • AI agent tokens hit incredible market caps in 2024 • Worm project went from idea to 4M market cap • A16Z agent reached peak before January market top • Most crypto VCs are "incredibly stupid" mercenaries Timestamps: 00:00 Start 00:24 Robert's background 01:20 Working in crypto 05:11 Lately 07:07 Traders vs users 11:07 Hyperliquid early days 13:10 Markets recently 15:05 Bigger names enter market 16:27 Current market 20:50 AI agents 22:48 WORM 26:12 WORM goes to zero 28:47 Elipsis Labs 29:48 VCs sniping ideas 32:43 ICM 36:08 ICM (this time is different) 44:05 AI16z value proposition? 47:15 Base 50:05 The future 54:15 Bullish VC coins? 58:28 Alliance DAO 1:01:28 Bullish on what? 1:04:32 Ryan Park 1:07:28 ETH (don't call it a comeback) 1:08:23 BTC is mid 1:09:16 Wrap up 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 Newsletter https://blockspace.media/newsletter/ 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 06 Jul 2025 13:35:00 -0000 full Blockspace Media FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Robert Chang, crypto trader and prolific Twitter shitposter, joins us to talk about his wild ride through crypto's highs and lows - from being a Luna lunatic to losing everything on Hyperliquid, navigating AI agent metas, getting rugged by VCs stealing his ideas, and why internet capital markets might just be elaborate poker chips with better marketing. Subscribe to the newsletter! https://newsletter.blockspacemedia.com • Luna looping strategy led to total account loss • Hyperliquid refunded liquidation due to oracle issues   • AI agent tokens hit incredible market caps in 2024 • Worm project went from idea to 4M market cap • A16Z agent reached peak before January market top • Most crypto VCs are "incredibly stupid" mercenaries Timestamps: 00:00 Start 00:24 Robert's background 01:20 Working in crypto 05:11 Lately 07:07 Traders vs users 11:07 Hyperliquid early days 13:10 Markets recently 15:05 Bigger names enter market 16:27 Current market 20:50 AI agents 22:48 WORM 26:12 WORM goes to zero 28:47 Elipsis Labs 29:48 VCs sniping ideas 32:43 ICM 36:08 ICM (this time is different) 44:05 AI16z value proposition? 47:15 Base 50:05 The future 54:15 Bullish VC coins? 58:28 Alliance DAO 1:01:28 Bullish on what? 1:04:32 Ryan Park 1:07:28 ETH (don't call it a comeback) 1:08:23 BTC is mid 1:09:16 Wrap up 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 Newsletter https://blockspace.media/newsletter/ 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices FILL OUT THE SURVEY BY CLICKING HERE

Welcome back to The Gwart Show! Today, Robert Chang, crypto trader and prolific Twitter shitposter, joins us to talk about his wild ride through crypto's highs and lows - from being a Luna lunatic to losing everything on Hyperliquid, navigating AI agent metas, getting rugged by VCs stealing his ideas, and why internet capital markets might just be elaborate poker chips with better marketing.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

• Luna looping strategy led to total account loss

• Hyperliquid refunded liquidation due to oracle issues  

• AI agent tokens hit incredible market caps in 2024

• Worm project went from idea to 4M market cap

• A16Z agent reached peak before January market top

• Most crypto VCs are "incredibly stupid" mercenaries

Timestamps:

00:00 Start

00:24 Robert's background

01:20 Working in crypto

05:11 Lately

07:07 Traders vs users

11:07 Hyperliquid early days

13:10 Markets recently

15:05 Bigger names enter market

16:27 Current market

20:50 AI agents

22:48 WORM

26:12 WORM goes to zero

28:47 Elipsis Labs

29:48 VCs sniping ideas

32:43 ICM

36:08 ICM (this time is different)

44:05 AI16z value proposition?

47:15 Base

50:05 The future

54:15 Bullish VC coins?

58:28 Alliance DAO

1:01:28 Bullish on what?

1:04:32 Ryan Park

1:07:28 ETH (don't call it a comeback)

1:08:23 BTC is mid

1:09:16 Wrap up

👋 Enjoy the clip? Click below to listen on a podcasting app!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7

Newsletter https://blockspace.media/newsletter/

👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4344 Designing The Optimal Perp DEX With Doug Colkitt FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Doug Colkitt, co-founder of Fogo and Ambient Finance joins us to talk about building the fastest Solana-based blockchain for trading. Doug explains why order books are winning over AMMs, how Fogo's 21-validator set enables 40ms blocks, and why verifiability matters more than full decentralization for perp DEXs. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 00:13 Doug history 02:28 What is Fogo? 02:53 Why not L2? 06:29 Ambient perps 09:07 Are blockchains the right database? 10:00 Why DEX at all? 12:32 Composability as an unlock? 16:17 AMMs 19:18 Decentralization doesn't matter 24:19 Problems with perps on orderbooks 25:51 Fogo vs Hyperliquid 27:35 Ellipsis Labs 29:35 MEV & flashloans 32:42 Tragedy of the commons 35:00 MEV of Perp DEX 37:44 Opportunities for innovation 41:22 Coinbase launching Perps 44:24 Is no KYC an unloack? 46:24 Verifiability 49:00 Liquidity injection 51:41 24/7 markets 52:36 Perp-ify THE WORLD! 54:05 Zero Day Futures 55:08 Ambient Perps elevator pitch 58:10 Gold oracle price origin 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 29 Jun 2025 13:43:00 -0000 full Blockspace Media FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Gwart Show! Today, Doug Colkitt, co-founder of Fogo and Ambient Finance joins us to talk about building the fastest Solana-based blockchain for trading. Doug explains why order books are winning over AMMs, how Fogo's 21-validator set enables 40ms blocks, and why verifiability matters more than full decentralization for perp DEXs. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 00:13 Doug history 02:28 What is Fogo? 02:53 Why not L2? 06:29 Ambient perps 09:07 Are blockchains the right database? 10:00 Why DEX at all? 12:32 Composability as an unlock? 16:17 AMMs 19:18 Decentralization doesn't matter 24:19 Problems with perps on orderbooks 25:51 Fogo vs Hyperliquid 27:35 Ellipsis Labs 29:35 MEV & flashloans 32:42 Tragedy of the commons 35:00 MEV of Perp DEX 37:44 Opportunities for innovation 41:22 Coinbase launching Perps 44:24 Is no KYC an unloack? 46:24 Verifiability 49:00 Liquidity injection 51:41 24/7 markets 52:36 Perp-ify THE WORLD! 54:05 Zero Day Futures 55:08 Ambient Perps elevator pitch 58:10 Gold oracle price origin 👋 Enjoy the clip? Click below to listen on a podcasting app! Apple http://tiny.cc/e7wuwz Spotify https://tinyurl.com/aj3ymv6h RSS http://tiny.cc/wbwuwz YouTube https://tinyurl.com/4kwhu4s7 👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Learn more about your ad choices. Visit megaphone.fm/adchoices FILL OUT THE SURVEY BY CLICKING HERE


Welcome back to The Gwart Show! Today, Doug Colkitt, co-founder of Fogo and Ambient Finance joins us to talk about building the fastest Solana-based blockchain for trading. Doug explains why order books are winning over AMMs, how Fogo's 21-validator set enables 40ms blocks, and why verifiability matters more than full decentralization for perp DEXs.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Timestamps:

00:00 Start

00:13 Doug history

02:28 What is Fogo?

02:53 Why not L2?

06:29 Ambient perps

09:07 Are blockchains the right database?

10:00 Why DEX at all?

12:32 Composability as an unlock?

16:17 AMMs

19:18 Decentralization doesn't matter

24:19 Problems with perps on orderbooks

25:51 Fogo vs Hyperliquid

27:35 Ellipsis Labs

29:35 MEV & flashloans

32:42 Tragedy of the commons

35:00 MEV of Perp DEX

37:44 Opportunities for innovation

41:22 Coinbase launching Perps

44:24 Is no KYC an unloack?

46:24 Verifiability

49:00 Liquidity injection

51:41 24/7 markets

52:36 Perp-ify THE WORLD!

54:05 Zero Day Futures

55:08 Ambient Perps elevator pitch

58:10 Gold oracle price origin


👋 Enjoy the clip? Click below to listen on a podcasting app!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7


👋 The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3728 Meet the Solana engineer who defected for his own L1 Welcome back to The Gwart Show! Today, Liam from Through (formerly Fire Dancer engineer) joins us to talk about building a high-performance L1 blockchain from scratch. We dive into why Solana has structural limitations, his leaderless consensus design, proof-of-burn mechanisms, and why economic security is overrated. Plus takes on trading, Fire Dancer's progress, and the future of DeFi. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Fire Dancer has ~10% of Solana network • Through team is only 5 people currently • Testnet launching in 1-2 months timeline • SDK support targeting July release • Solana chain halts if clients disagree • Economic security was higher than ETH Timestamps 00:00 Start 00:12 Liam's background 02:18 Early trading 03:13 Firedancer experience 03:58 What's Unto? 05:40 Solana L1 limitations 08:07 Applications 09:51 CLOB wars 11:58 Proof of stake flaws 18:23 Multiple concurrent proposers 21:38 Burn design 25:27 Improvements in trading 27:47 Commodities on chain 30:08 Onto chain performance 32:52 Performant L1 chain competition 35:38 Desired apps 38:00 Firedancer progress & marketshare 42:10 Decentralization & price discovery 45:57 The value of a market 50:10 MEV on Solana 53:56 L1 token value 1:01:28 Through updates 1:03:42 Wrap up The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume.They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 22 Jun 2025 13:57:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Liam from Through (formerly Fire Dancer engineer) joins us to talk about building a high-performance L1 blockchain from scratch. We dive into why Solana has structural limitations, his leaderless consensus design, proof-of-burn mechanisms, and why economic security is overrated. Plus takes on trading, Fire Dancer's progress, and the future of DeFi. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Fire Dancer has ~10% of Solana network • Through team is only 5 people currently • Testnet launching in 1-2 months timeline • SDK support targeting July release • Solana chain halts if clients disagree • Economic security was higher than ETH Timestamps 00:00 Start 00:12 Liam's background 02:18 Early trading 03:13 Firedancer experience 03:58 What's Unto? 05:40 Solana L1 limitations 08:07 Applications 09:51 CLOB wars 11:58 Proof of stake flaws 18:23 Multiple concurrent proposers 21:38 Burn design 25:27 Improvements in trading 27:47 Commodities on chain 30:08 Onto chain performance 32:52 Performant L1 chain competition 35:38 Desired apps 38:00 Firedancer progress & marketshare 42:10 Decentralization & price discovery 45:57 The value of a market 50:10 MEV on Solana 53:56 L1 token value 1:01:28 Through updates 1:03:42 Wrap up The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume.They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Liam from Through (formerly Fire Dancer engineer) joins us to talk about building a high-performance L1 blockchain from scratch. We dive into why Solana has structural limitations, his leaderless consensus design, proof-of-burn mechanisms, and why economic security is overrated. Plus takes on trading, Fire Dancer's progress, and the future of DeFi.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

NOTES:

• Fire Dancer has ~10% of Solana network

• Through team is only 5 people currently

• Testnet launching in 1-2 months timeline

• SDK support targeting July release

• Solana chain halts if clients disagree

• Economic security was higher than ETH

Timestamps

00:00 Start

00:12 Liam's background

02:18 Early trading

03:13 Firedancer experience

03:58 What's Unto?

05:40 Solana L1 limitations

08:07 Applications

09:51 CLOB wars

11:58 Proof of stake flaws

18:23 Multiple concurrent proposers

21:38 Burn design

25:27 Improvements in trading

27:47 Commodities on chain

30:08 Onto chain performance

32:52 Performant L1 chain competition

35:38 Desired apps

38:00 Firedancer progress & marketshare

42:10 Decentralization & price discovery

45:57 The value of a market

50:10 MEV on Solana

53:56 L1 token value

1:01:28 Through updates

1:03:42 Wrap up


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume.They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3898 OP_Cat, Bitcoin MEV, and Scaling Bitcoin With Post Capone Welcome back to The Gwart Show! Today, Bitcoiner Post Capone joins us to talk about the risks of OP_CAT activation, MEV extraction concerns on Bitcoin, how increased expressivity could lead to mining centralization, the promise of scaling solutions like Arc and Spark, and why constrained covenants like CTV might be a better path forward than unlimited expressivity. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 00:27 Who is Post Capone? 03:05 OP_CAT 07:11 Erosion of MEV 11:29 Expressivity of OP_CAT 20:56 Execution on L2 23:33 Elipsis Labs 24:33 OP_CAT vs CTV 28:20 What should be on Bitcoin? 35:32 Stablecoin Maxi 38:42 Programmatic lending contracts 40:30 Ark 44:14 BitVM 47:02 Scaling solution adoption 50:07 Oden.fun54:12 Rollups The Gwart Show is sponsored by Ellipsis Labs, which is building Atlas, a blockchain for verifiable finance. Ellipsis Labs is known for Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. They are a top crypto team. Ellipsis Labs is hiring engineers passionate about crypto and finance for Atlas. Learn more and apply on Twitter at @Ellipsis_Labs. Check out Atlas at @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 15 Jun 2025 13:00:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Bitcoiner Post Capone joins us to talk about the risks of OP_CAT activation, MEV extraction concerns on Bitcoin, how increased expressivity could lead to mining centralization, the promise of scaling solutions like Arc and Spark, and why constrained covenants like CTV might be a better path forward than unlimited expressivity. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 00:27 Who is Post Capone? 03:05 OP_CAT 07:11 Erosion of MEV 11:29 Expressivity of OP_CAT 20:56 Execution on L2 23:33 Elipsis Labs 24:33 OP_CAT vs CTV 28:20 What should be on Bitcoin? 35:32 Stablecoin Maxi 38:42 Programmatic lending contracts 40:30 Ark 44:14 BitVM 47:02 Scaling solution adoption 50:07 Oden.fun54:12 Rollups The Gwart Show is sponsored by Ellipsis Labs, which is building Atlas, a blockchain for verifiable finance. Ellipsis Labs is known for Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. They are a top crypto team. Ellipsis Labs is hiring engineers passionate about crypto and finance for Atlas. Learn more and apply on Twitter at @Ellipsis_Labs. Check out Atlas at @atlasxyz. Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Bitcoiner Post Capone joins us to talk about the risks of OP_CAT activation, MEV extraction concerns on Bitcoin, how increased expressivity could lead to mining centralization, the promise of scaling solutions like Arc and Spark, and why constrained covenants like CTV might be a better path forward than unlimited expressivity.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Timestamps:

00:00 Start

00:27 Who is Post Capone?

03:05 OP_CAT

07:11 Erosion of MEV

11:29 Expressivity of OP_CAT

20:56 Execution on L2

23:33 Elipsis Labs

24:33 OP_CAT vs CTV

28:20 What should be on Bitcoin?

35:32 Stablecoin Maxi

38:42 Programmatic lending contracts

40:30 Ark

44:14 BitVM

47:02 Scaling solution adoption

50:07 Oden.fun
54:12 Rollups

The Gwart Show is sponsored by Ellipsis Labs, which is building Atlas, a blockchain for verifiable finance. Ellipsis Labs is known for Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume. They are a top crypto team. Ellipsis

Labs is hiring engineers passionate about crypto and finance for Atlas. Learn more and apply on Twitter at @Ellipsis_Labs. Check out Atlas at @atlasxyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3931 Options Trading In Crypto With DRW Cumberland’s Wilson Huang https://blockspace.media/podcast/options-trading-in-crypto-with-drw-cumberlands-wilson-huang/ Welcome back to The Gwart Show! Today, Wilson Huang from DRW Cumberland joins us to talk about the explosive growth of Bitcoin options markets, why crypto volatility attracts both miners and hedge funds, how ETFs are reshaping institutional adoption, and why traditional finance principles are finally making sense in digital assets. We dive deep into market structure, OTC trading, and the future of crypto derivatives. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Bitcoin dominates 90% of crypto options volume • DRW started 30 years ago in CME trading pits • ETF volumes reached historic highs recently • Crypto vol trades in 40-60% range typically • Cumberland handles thousands of BTC clips OTC • Mining companies hedge at specific cost levels Timestamps: 00:00 Start 00:48 Background 02:04 Crypto options markets 04:52 Requirements for a good options market 10:13 How exposed are miners? 19:05 OTC 21:24 Custody 29:53 Spot selling 36:13 Coinbase buying Deribit 41:40 Options & DeFi 45:02 Perpetuals 49:11 The future 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 02 Jun 2025 13:15:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Wilson Huang from DRW Cumberland joins us to talk about the explosive growth of Bitcoin options markets, why crypto volatility attracts both miners and hedge funds, how ETFs are reshaping institutional adoption, and why traditional finance principles are finally making sense in digital assets. We dive deep into market structure, OTC trading, and the future of crypto derivatives. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Bitcoin dominates 90% of crypto options volume • DRW started 30 years ago in CME trading pits • ETF volumes reached historic highs recently • Crypto vol trades in 40-60% range typically • Cumberland handles thousands of BTC clips OTC • Mining companies hedge at specific cost levels Timestamps: 00:00 Start 00:48 Background 02:04 Crypto options markets 04:52 Requirements for a good options market 10:13 How exposed are miners? 19:05 OTC 21:24 Custody 29:53 Spot selling 36:13 Coinbase buying Deribit 41:40 Options & DeFi 45:02 Perpetuals 49:11 The future 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Wilson Huang from DRW Cumberland joins us to talk about the explosive growth of Bitcoin options markets, why crypto volatility attracts both miners and hedge funds, how ETFs are reshaping institutional adoption, and why traditional finance principles are finally making sense in digital assets. We dive deep into market structure, OTC trading, and the future of crypto derivatives.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

• Bitcoin dominates 90% of crypto options volume

• DRW started 30 years ago in CME trading pits

• ETF volumes reached historic highs recently

• Crypto vol trades in 40-60% range typically

• Cumberland handles thousands of BTC clips OTC

• Mining companies hedge at specific cost levels

Timestamps:

00:00 Start

00:48 Background

02:04 Crypto options markets

04:52 Requirements for a good options market

10:13 How exposed are miners?

19:05 OTC

21:24 Custody

29:53 Spot selling

36:13 Coinbase buying Deribit

41:40 Options & DeFi

45:02 Perpetuals

49:11 The future

👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3261 Stablecoins, Virtual Power Plants and Venture Investing With Smac Welcome back to The Gwart Show! Today, Smac, partner at Compound VC, joins us to talk about why stablecoins have become the dominant crypto narrative despite being "boring fintech," DePIN opportunities in energy and water networks, venture capital market structure issues with massive fund sizes, the lack of creativity in crypto development, and why most social crypto apps are features not companies.  Subscribe to the newsletter! https://newsletter.blockspacemedia.com Follow our guest on Twitter: @0xsmac Notes: • Compound VC focuses on pre-seed/seed stage investments • $100M checks at $3B valuations more like growth investing • Stablecoins captured outsized narrative due to lack of innovation • Virtual power plants represent distributed energy networks • Crypto needs more non-crypto native talent for creativity Timestamps: 00:00 Start 00:16 Who is Smac? 01:53 Market overview 03:25 Are stablecoins the killer use case? 06:09 Stablecoin are just FinTech 09:51 Let a thousand stablecoins bloom 13:16 Decentralization & stablecoins 16:04 Users don't care about centralization 21:47 Worldcoin 24:20 DePin 25:19 Virtual power plants 30:20 ElLipsis Labs 31:21 Water harvesting 34:17 Venture funding is too high 41:21 Funding NOT infrastructure projects 43:25 What's interesting? 52:23 Friend.Tech 1:01:24 Wrap up 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 25 May 2025 13:30:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Smac, partner at Compound VC, joins us to talk about why stablecoins have become the dominant crypto narrative despite being "boring fintech," DePIN opportunities in energy and water networks, venture capital market structure issues with massive fund sizes, the lack of creativity in crypto development, and why most social crypto apps are features not companies.  Subscribe to the newsletter! https://newsletter.blockspacemedia.com Follow our guest on Twitter: @0xsmac Notes: • Compound VC focuses on pre-seed/seed stage investments • $100M checks at $3B valuations more like growth investing • Stablecoins captured outsized narrative due to lack of innovation • Virtual power plants represent distributed energy networks • Crypto needs more non-crypto native talent for creativity Timestamps: 00:00 Start 00:16 Who is Smac? 01:53 Market overview 03:25 Are stablecoins the killer use case? 06:09 Stablecoin are just FinTech 09:51 Let a thousand stablecoins bloom 13:16 Decentralization & stablecoins 16:04 Users don't care about centralization 21:47 Worldcoin 24:20 DePin 25:19 Virtual power plants 30:20 ElLipsis Labs 31:21 Water harvesting 34:17 Venture funding is too high 41:21 Funding NOT infrastructure projects 43:25 What's interesting? 52:23 Friend.Tech 1:01:24 Wrap up 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Smac, partner at Compound VC, joins us to talk about why stablecoins have become the dominant crypto narrative despite being "boring fintech," DePIN opportunities in energy and water networks, venture capital market structure issues with massive fund sizes, the lack of creativity in crypto development, and why most social crypto apps are features not companies. 

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Follow our guest on Twitter: @0xsmac

Notes:

• Compound VC focuses on pre-seed/seed stage investments

• $100M checks at $3B valuations more like growth investing

• Stablecoins captured outsized narrative due to lack of innovation

• Virtual power plants represent distributed energy networks

• Crypto needs more non-crypto native talent for creativity

Timestamps:

00:00 Start

00:16 Who is Smac?

01:53 Market overview

03:25 Are stablecoins the killer use case?

06:09 Stablecoin are just FinTech

09:51 Let a thousand stablecoins bloom

13:16 Decentralization & stablecoins

16:04 Users don't care about centralization

21:47 Worldcoin

24:20 DePin

25:19 Virtual power plants

30:20 ElLipsis Labs

31:21 Water harvesting

34:17 Venture funding is too high

41:21 Funding NOT infrastructure projects

43:25 What's interesting?

52:23 Friend.Tech

1:01:24 Wrap up

👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3749 The Real Ethereum Bull Case With Ryan Berckmans https://blockspace.media/podcast/the-real-ethereum-bull-case-with-ryan-berckmans/ Welcome to The Gwart Show! Today, Ethereum bull Ryan Berckmans joins us to dissect Ethereum's current strategy and why he believes it remains on the right path despite recent challenges. Ryan explains the "hub and spokes" L1+L2 model, arguing that communication failures—not technical problems—damaged ETH sentiment. He breaks down why L2 growth combined with L1 scaling will drive Ethereum toward becoming a multi-trillion dollar asset, how blob fees will generate significant revenue, and why Solana's success doesn't threaten Ethereum's long-term dominance in the institutional market. Subscribe to the newsletter! https://newsletter.blockspacemedia.com # Notes: • L2s like Base hit 100M+ in Bitcoin-backed loans • World L2 has 12M verified humans with 25M accounts • Ethereum plans to scale to 48 blobs per block • Current blob usage at ~80% full (2.4 per block) • Rollups may pay ~30% of revenue for blob space • Median user fees could remain at ~$0.01 with scale Timestamps: 00:00 Start 00:22 Who is Ryan B? 01:12 Why bullish on ETH? 06:38 Failure to communicate 11:01 Is this a pivot? 18:32 Justin Drake is bad at PR 24:31 Lido 28:05 Solo staking 31:50 It's all SOL's fault 33:03 Vitalik changing narratives 35:14 Thoughts on Solana 44:03 WHY NGU now? 48:50 Blobs need to pay up 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 18 May 2025 10:00:00 -0000 full Blockspace Media Welcome to The Gwart Show! Today, Ethereum bull Ryan Berckmans joins us to dissect Ethereum's current strategy and why he believes it remains on the right path despite recent challenges. Ryan explains the "hub and spokes" L1+L2 model, arguing that communication failures—not technical problems—damaged ETH sentiment. He breaks down why L2 growth combined with L1 scaling will drive Ethereum toward becoming a multi-trillion dollar asset, how blob fees will generate significant revenue, and why Solana's success doesn't threaten Ethereum's long-term dominance in the institutional market. Subscribe to the newsletter! https://newsletter.blockspacemedia.com # Notes: • L2s like Base hit 100M+ in Bitcoin-backed loans • World L2 has 12M verified humans with 25M accounts • Ethereum plans to scale to 48 blobs per block • Current blob usage at ~80% full (2.4 per block) • Rollups may pay ~30% of revenue for blob space • Median user fees could remain at ~$0.01 with scale Timestamps: 00:00 Start 00:22 Who is Ryan B? 01:12 Why bullish on ETH? 06:38 Failure to communicate 11:01 Is this a pivot? 18:32 Justin Drake is bad at PR 24:31 Lido 28:05 Solo staking 31:50 It's all SOL's fault 33:03 Vitalik changing narratives 35:14 Thoughts on Solana 44:03 WHY NGU now? 48:50 Blobs need to pay up 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to The Gwart Show! Today, Ethereum bull Ryan Berckmans joins us to dissect Ethereum's current strategy and why he believes it remains on the right path despite recent challenges. Ryan explains the "hub and spokes" L1+L2 model, arguing that communication failures—not technical problems—damaged ETH sentiment. He breaks down why L2 growth combined with L1 scaling will drive Ethereum toward becoming a multi-trillion dollar asset, how blob fees will generate significant revenue, and why Solana's success doesn't threaten Ethereum's long-term dominance in the institutional market.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

# Notes:

• L2s like Base hit 100M+ in Bitcoin-backed loans

• World L2 has 12M verified humans with 25M accounts

• Ethereum plans to scale to 48 blobs per block

• Current blob usage at ~80% full (2.4 per block)

• Rollups may pay ~30% of revenue for blob space

• Median user fees could remain at ~$0.01 with scale

Timestamps:

00:00 Start

00:22 Who is Ryan B?

01:12 Why bullish on ETH?

06:38 Failure to communicate

11:01 Is this a pivot?

18:32 Justin Drake is bad at PR

24:31 Lido

28:05 Solo staking

31:50 It's all SOL's fault

33:03 Vitalik changing narratives

35:14 Thoughts on Solana

44:03 WHY NGU now?

48:50 Blobs need to pay up

👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3487 The Token Premium Myth With Noah Goldberg Welcome to The Gwart Show! Today, Noah Goldberg of Theia Research, joins us to dive deep into the world of liquid token markets. Noah breaks down why the "token premium" is unsustainable, how his firm evaluates fundamental value in DeFi applications, and why the market structure creates perverse incentives. He explains why on-chain finance hasn't supplanted traditional finance as quickly as many expected, discusses problems with market making in crypto, and offers insight into how crypto can build sustainable moats. A must-listen for understanding crypto's real financial underpinnings. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Token premium is unsustainable long-term • RTV (Revenue to Transaction Volume) models for L1s • Market makers often artificially prop up token prices • Money markets account for $800B in traditional finance • Most tokens are marked at unrealistic valuations • Venture investors create circular valuation patterns Timestamps: 00:00 Start 00:37 Who is Noah? 02:36 Why Liquid? 05:03 Tokens vs equity 09:03 Token premium 12:25 Are tokens irrational? 17:55 Why isn't RadFi embracing DeFi? 23:26 Global investor base for tokens 25:46 Infrastructure apps 29:30 Cash flow modeling 31:31 REV on L1 32:32 Investing in L1s & REV 35:46 Is the market valuing REV? 39:16 Unitoken 42:43 Uniswap valuation vs equity 45:53 Token moats 48:18 Liquidity as moat 58:50 Improvements for markets 1:02:00 Market making vs token price 1:06:29 Whay are weak tokens valued so high? 1:11:28 Value of low liquidity tokens 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 11 May 2025 13:29:00 -0000 full Blockspace Media Welcome to The Gwart Show! Today, Noah Goldberg of Theia Research, joins us to dive deep into the world of liquid token markets. Noah breaks down why the "token premium" is unsustainable, how his firm evaluates fundamental value in DeFi applications, and why the market structure creates perverse incentives. He explains why on-chain finance hasn't supplanted traditional finance as quickly as many expected, discusses problems with market making in crypto, and offers insight into how crypto can build sustainable moats. A must-listen for understanding crypto's real financial underpinnings. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Token premium is unsustainable long-term • RTV (Revenue to Transaction Volume) models for L1s • Market makers often artificially prop up token prices • Money markets account for $800B in traditional finance • Most tokens are marked at unrealistic valuations • Venture investors create circular valuation patterns Timestamps: 00:00 Start 00:37 Who is Noah? 02:36 Why Liquid? 05:03 Tokens vs equity 09:03 Token premium 12:25 Are tokens irrational? 17:55 Why isn't RadFi embracing DeFi? 23:26 Global investor base for tokens 25:46 Infrastructure apps 29:30 Cash flow modeling 31:31 REV on L1 32:32 Investing in L1s & REV 35:46 Is the market valuing REV? 39:16 Unitoken 42:43 Uniswap valuation vs equity 45:53 Token moats 48:18 Liquidity as moat 58:50 Improvements for markets 1:02:00 Market making vs token price 1:06:29 Whay are weak tokens valued so high? 1:11:28 Value of low liquidity tokens 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to The Gwart Show! Today, Noah Goldberg of Theia Research, joins us to dive deep into the world of liquid token markets. Noah breaks down why the "token premium" is unsustainable, how his firm evaluates fundamental value in DeFi applications, and why the market structure creates perverse incentives. He explains why on-chain finance hasn't supplanted traditional finance as quickly as many expected, discusses problems with market making in crypto, and offers insight into how crypto can build sustainable moats. A must-listen for understanding crypto's real financial underpinnings.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

• Token premium is unsustainable long-term

• RTV (Revenue to Transaction Volume) models for L1s

• Market makers often artificially prop up token prices

• Money markets account for $800B in traditional finance

• Most tokens are marked at unrealistic valuations

• Venture investors create circular valuation patterns


Timestamps:

00:00 Start

00:37 Who is Noah?

02:36 Why Liquid?

05:03 Tokens vs equity

09:03 Token premium

12:25 Are tokens irrational?

17:55 Why isn't RadFi embracing DeFi?

23:26 Global investor base for tokens

25:46 Infrastructure apps

29:30 Cash flow modeling

31:31 REV on L1

32:32 Investing in L1s & REV

35:46 Is the market valuing REV?

39:16 Unitoken

42:43 Uniswap valuation vs equity

45:53 Token moats

48:18 Liquidity as moat

58:50 Improvements for markets

1:02:00 Market making vs token price

1:06:29 Whay are weak tokens valued so high?

1:11:28 Value of low liquidity tokens

👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4465 Market neutral trading with Santisa Welcome back to The Gwart Show! Today, Santisa @Tiza4ThePeople from Lucidity joins us to discuss market neutral strategies in DeFi. He breaks down how his fund extracts alpha from stablecoin pairs and incentive programs while maintaining a risk-neutral position. We dive into the sophistication behind monitoring protocols, identifying opportunities through on-chain analysis, and why DeFi tokens rarely represent true equity value. Santisa explains why his fund immediately dumps governance tokens, how they achieved double digit APY with "negligible risk," and why Bitcoin remains his primary conviction despite years in the DeFi ecosystem. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Fund achieved 21.3% APY with "negligible risk" - Stablecoin strategies focus on risk-adjusted returns - DeFi getting safer but smart contract risks remain - Massive accounts ($40-50M) farming UniChain - Athena paying up to 39-40% yields initially - Most DeFi tokens lack fundamental value connection Timestamps: 00:00 Start 00:28 Santisa's story 01:48 Lucidity 02:22 What's a market neutral strategy? 03:50 Can a pleb trade market neutral? 06:33 Long or short ETH? 08:10 Structure risk strategies 10:22 Unichain 12:46 Farm & dump 12:57 Farming in size 15:15 Market maturity & deal killers 19:10 Covering hacking losses 23:18 USDC pairs & incentives 24:40 Are you long ANY asset? 25:46 Bearish DeFi tokens 27:24 Any hope for DeFi tokens? 31:14 It's a Bitcoin market, hop on 33:51 Maker DAO buy back model 36:46 Athena is NOT a stablecoin 39:20 Athena farming 41:06 Athena token losing value 42:49 Token vs VC money burn 45:16 What is actually exciting 47:17 SOL 48:48 Future of Lucidity? 50:40 Identifying opportunities 52:21 Outperforming BTC 56:14 Is crypto VS over? 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 04 May 2025 15:03:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Santisa @Tiza4ThePeople from Lucidity joins us to discuss market neutral strategies in DeFi. He breaks down how his fund extracts alpha from stablecoin pairs and incentive programs while maintaining a risk-neutral position. We dive into the sophistication behind monitoring protocols, identifying opportunities through on-chain analysis, and why DeFi tokens rarely represent true equity value. Santisa explains why his fund immediately dumps governance tokens, how they achieved double digit APY with "negligible risk," and why Bitcoin remains his primary conviction despite years in the DeFi ecosystem. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Fund achieved 21.3% APY with "negligible risk" - Stablecoin strategies focus on risk-adjusted returns - DeFi getting safer but smart contract risks remain - Massive accounts ($40-50M) farming UniChain - Athena paying up to 39-40% yields initially - Most DeFi tokens lack fundamental value connection Timestamps: 00:00 Start 00:28 Santisa's story 01:48 Lucidity 02:22 What's a market neutral strategy? 03:50 Can a pleb trade market neutral? 06:33 Long or short ETH? 08:10 Structure risk strategies 10:22 Unichain 12:46 Farm & dump 12:57 Farming in size 15:15 Market maturity & deal killers 19:10 Covering hacking losses 23:18 USDC pairs & incentives 24:40 Are you long ANY asset? 25:46 Bearish DeFi tokens 27:24 Any hope for DeFi tokens? 31:14 It's a Bitcoin market, hop on 33:51 Maker DAO buy back model 36:46 Athena is NOT a stablecoin 39:20 Athena farming 41:06 Athena token losing value 42:49 Token vs VC money burn 45:16 What is actually exciting 47:17 SOL 48:48 Future of Lucidity? 50:40 Identifying opportunities 52:21 Outperforming BTC 56:14 Is crypto VS over? 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Santisa @Tiza4ThePeople from Lucidity joins us to discuss market neutral strategies in DeFi. He breaks down how his fund extracts alpha from stablecoin pairs and incentive programs while maintaining a risk-neutral position. We dive into the sophistication behind monitoring protocols, identifying opportunities through on-chain analysis, and why DeFi tokens rarely represent true equity value. Santisa explains why his fund immediately dumps governance tokens, how they achieved double digit APY with "negligible risk," and why Bitcoin remains his primary conviction despite years in the DeFi ecosystem.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

- Fund achieved 21.3% APY with "negligible risk"

- Stablecoin strategies focus on risk-adjusted returns

- DeFi getting safer but smart contract risks remain

- Massive accounts ($40-50M) farming UniChain

- Athena paying up to 39-40% yields initially

- Most DeFi tokens lack fundamental value connection

Timestamps:

00:00 Start

00:28 Santisa's story

01:48 Lucidity

02:22 What's a market neutral strategy?

03:50 Can a pleb trade market neutral?

06:33 Long or short ETH?

08:10 Structure risk strategies

10:22 Unichain

12:46 Farm & dump

12:57 Farming in size

15:15 Market maturity & deal killers

19:10 Covering hacking losses

23:18 USDC pairs & incentives

24:40 Are you long ANY asset?

25:46 Bearish DeFi tokens

27:24 Any hope for DeFi tokens?

31:14 It's a Bitcoin market, hop on

33:51 Maker DAO buy back model

36:46 Athena is NOT a stablecoin

39:20 Athena farming

41:06 Athena token losing value

42:49 Token vs VC money burn

45:16 What is actually exciting

47:17 SOL

48:48 Future of Lucidity?

50:40 Identifying opportunities

52:21 Outperforming BTC

56:14 Is crypto VS over?


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3474 Haseeb and Gwart, Round II (With Tarun Chitra) Welcome back to the Gwart Show! We got Round II of the Crypto VC debate with Gwart and Haseeb. Are tokens actually worth anything? Do VCs provide real signal value? What's the right benchmark for success? The conversation gets spicy as they examine Dragonfly's portfolio performance, discuss whether tokens truly capture value, and question if early-stage crypto investments can ever live up to their promises. With occasional moderation from Tarun, this debate exposes the tension between VC optimism and market skepticism. Follow our guests: @tarunchitra @hosseeb # Notes: • Tokens launched in bull markets typically underperform • Bitcoin has decoupled from alts as a "macro asset" • VCs typically invest at much lower valuations pre-listing • Zora launched at $200M valuation as a "fun token" • Crypto VC returns are power-law distributed Timestamps: 00:00 Start 00:03 THE tweet heard around the world 01:17 Tokens must be traded 07:36 BTC dominance 10:50 Pricing tokens 17:03 Apples to apples 20:44 VC is going to ZERO 37:09 Uniswap token 44:56 Different reality 50:14 Moving the goalpost 1:01:14 Infinite money printer 1:05:24 Who's the fool? 1:17:06 Claim on cashflows 1:24:53 Steel-man my argument 1:36:41 Investor protection 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 27 Apr 2025 13:42:00 -0000 full Blockspace Media Welcome back to the Gwart Show! We got Round II of the Crypto VC debate with Gwart and Haseeb. Are tokens actually worth anything? Do VCs provide real signal value? What's the right benchmark for success? The conversation gets spicy as they examine Dragonfly's portfolio performance, discuss whether tokens truly capture value, and question if early-stage crypto investments can ever live up to their promises. With occasional moderation from Tarun, this debate exposes the tension between VC optimism and market skepticism. Follow our guests: @tarunchitra @hosseeb # Notes: • Tokens launched in bull markets typically underperform • Bitcoin has decoupled from alts as a "macro asset" • VCs typically invest at much lower valuations pre-listing • Zora launched at $200M valuation as a "fun token" • Crypto VC returns are power-law distributed Timestamps: 00:00 Start 00:03 THE tweet heard around the world 01:17 Tokens must be traded 07:36 BTC dominance 10:50 Pricing tokens 17:03 Apples to apples 20:44 VC is going to ZERO 37:09 Uniswap token 44:56 Different reality 50:14 Moving the goalpost 1:01:14 Infinite money printer 1:05:24 Who's the fool? 1:17:06 Claim on cashflows 1:24:53 Steel-man my argument 1:36:41 Investor protection 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to the Gwart Show! We got Round II of the Crypto VC debate with Gwart and Haseeb. Are tokens actually worth anything? Do VCs provide real signal value? What's the right benchmark for success? The conversation gets spicy as they examine Dragonfly's portfolio performance, discuss whether tokens truly capture value, and question if early-stage crypto investments can ever live up to their promises. With occasional moderation from Tarun, this debate exposes the tension between VC optimism and market skepticism.

Follow our guests: @tarunchitra @hosseeb

# Notes:


• Tokens launched in bull markets typically underperform

• Bitcoin has decoupled from alts as a "macro asset"

• VCs typically invest at much lower valuations pre-listing

• Zora launched at $200M valuation as a "fun token"

• Crypto VC returns are power-law distributed

Timestamps:

00:00 Start

00:03 THE tweet heard around the world

01:17 Tokens must be traded

07:36 BTC dominance

10:50 Pricing tokens

17:03 Apples to apples

20:44 VC is going to ZERO

37:09 Uniswap token

44:56 Different reality

50:14 Moving the goalpost

1:01:14 Infinite money printer

1:05:24 Who's the fool?

1:17:06 Claim on cashflows

1:24:53 Steel-man my argument

1:36:41 Investor protection

👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 6402 Haseeb and Gwart arguing while Tarun writes a research paper Welcome back to the Gwart Show! Today we have Haseeb Qureshi and Tarun Chitra about whether VC-funded tokens are vaporware or valuable investments. They tackle fundamental questions about crypto market structure, token valuation models, and the long-term economics of L1 blockchains. Is there a carrying capacity for tokens? Are smart contract platforms overvalued? Will L1s converge to their utility value or maintain monetary premiums? Subscribe to the newsletter! https://newsletter.blockspacemedia.com # Notes: - Crypto market caps follow power law distribution - Solana valued at ~$80 billion despite skepticism - Stablecoin market grew from $130B to $240B - Bitcoin dominance may increase over time - Most tokens trending down in USD since launch - L1 valuation combines utility, equity & monetary use Timestamps: 00:00 Start 03:09 Infinite tokens - Haseeb 06:10 Infinite tokens - Gwart 09:55 Infinite tokens - discussion 11:47 How to value a token 21:32 Proof of stake 30:02 Staking pro & con 33:38 ETH value 35:18 ETH is money (or not) 39:20 Value of new L1s 44:44 ROI for tokens 46:33 REV 50:46 Payments.. meh 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 20 Apr 2025 13:20:00 -0000 full Blockspace Media Welcome back to the Gwart Show! Today we have Haseeb Qureshi and Tarun Chitra about whether VC-funded tokens are vaporware or valuable investments. They tackle fundamental questions about crypto market structure, token valuation models, and the long-term economics of L1 blockchains. Is there a carrying capacity for tokens? Are smart contract platforms overvalued? Will L1s converge to their utility value or maintain monetary premiums? Subscribe to the newsletter! https://newsletter.blockspacemedia.com # Notes: - Crypto market caps follow power law distribution - Solana valued at ~$80 billion despite skepticism - Stablecoin market grew from $130B to $240B - Bitcoin dominance may increase over time - Most tokens trending down in USD since launch - L1 valuation combines utility, equity & monetary use Timestamps: 00:00 Start 03:09 Infinite tokens - Haseeb 06:10 Infinite tokens - Gwart 09:55 Infinite tokens - discussion 11:47 How to value a token 21:32 Proof of stake 30:02 Staking pro & con 33:38 ETH value 35:18 ETH is money (or not) 39:20 Value of new L1s 44:44 ROI for tokens 46:33 REV 50:46 Payments.. meh 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to the Gwart Show! Today we have Haseeb Qureshi and Tarun Chitra about whether VC-funded tokens are vaporware or valuable investments. They tackle fundamental questions about crypto market structure, token valuation models, and the long-term economics of L1 blockchains. Is there a carrying capacity for tokens? Are smart contract platforms overvalued? Will L1s converge to their utility value or maintain monetary premiums?


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


# Notes:

- Crypto market caps follow power law distribution

- Solana valued at ~$80 billion despite skepticism

- Stablecoin market grew from $130B to $240B

- Bitcoin dominance may increase over time

- Most tokens trending down in USD since launch

- L1 valuation combines utility, equity & monetary use


Timestamps:

00:00 Start

03:09 Infinite tokens - Haseeb

06:10 Infinite tokens - Gwart

09:55 Infinite tokens - discussion

11:47 How to value a token

21:32 Proof of stake

30:02 Staking pro & con

33:38 ETH value

35:18 ETH is money (or not)

39:20 Value of new L1s

44:44 ROI for tokens

46:33 REV

50:46 Payments.. meh


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media



Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3347 Building Better On-chain Trading Infrastructure With Jarry Xiao Welcome back to The Gwart Show! Today, Jarry Xiao, co-founder and engineering lead at Ellipsis Labs, joins to chat tradfi to crypto infrastructure. Jarry dives deep into Phoenix, their central limit order book on Solana, and introduces Atlas - their purpose-built blockchain for financial applications. The conversation touches blockchain trading challenges, the economics of validator networks, and why truly effective trading systems require opinionated design. Follow our guest on Twitter! https://x.com/jarxiao?lang=en Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Phoenix did $70B+ in organic trading volume - Solana's 400ms blocks still too slow for HFT - Atlas uses single verifiable sequencer model - Market makers need priority cancellations - Blockchain revenue sustainability questionable - MEV/sandwiching not sustainable for finance Timestamps: 00:00 Start 00:33 Who is Jarray? 01:09 TradFi experience 01:50 What was Jarry trading? 03:23 Phoenix order book 06:45 Aggregators 10:31 Open validator set blockchain 13:15 Market making on SOL 17:05 Atlas 20:57 Limitations of SOL 25:02 Rejecting SOL base assumptions 28:09 What does Atlas unlock? 34:46 Purpose built? 36:31 Opinion sequencing 37:53 Multiple use cases 42:37 Stock market on-chain 46:53 Why L2 sequencer design? 54:11 Memecoins here to stay 1:04:39 Why did it take so long? 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 13 Apr 2025 15:14:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Jarry Xiao, co-founder and engineering lead at Ellipsis Labs, joins to chat tradfi to crypto infrastructure. Jarry dives deep into Phoenix, their central limit order book on Solana, and introduces Atlas - their purpose-built blockchain for financial applications. The conversation touches blockchain trading challenges, the economics of validator networks, and why truly effective trading systems require opinionated design. Follow our guest on Twitter! https://x.com/jarxiao?lang=en Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Phoenix did $70B+ in organic trading volume - Solana's 400ms blocks still too slow for HFT - Atlas uses single verifiable sequencer model - Market makers need priority cancellations - Blockchain revenue sustainability questionable - MEV/sandwiching not sustainable for finance Timestamps: 00:00 Start 00:33 Who is Jarray? 01:09 TradFi experience 01:50 What was Jarry trading? 03:23 Phoenix order book 06:45 Aggregators 10:31 Open validator set blockchain 13:15 Market making on SOL 17:05 Atlas 20:57 Limitations of SOL 25:02 Rejecting SOL base assumptions 28:09 What does Atlas unlock? 34:46 Purpose built? 36:31 Opinion sequencing 37:53 Multiple use cases 42:37 Stock market on-chain 46:53 Why L2 sequencer design? 54:11 Memecoins here to stay 1:04:39 Why did it take so long? 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Jarry Xiao, co-founder and engineering lead at Ellipsis Labs, joins to chat tradfi to crypto infrastructure. Jarry dives deep into Phoenix, their central limit order book on Solana, and introduces Atlas - their purpose-built blockchain for financial applications. The conversation touches blockchain trading challenges, the economics of validator networks, and why truly effective trading systems require opinionated design.


Follow our guest on Twitter! https://x.com/jarxiao?lang=en

Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

- Phoenix did $70B+ in organic trading volume

- Solana's 400ms blocks still too slow for HFT

- Atlas uses single verifiable sequencer model

- Market makers need priority cancellations

- Blockchain revenue sustainability questionable

- MEV/sandwiching not sustainable for finance


Timestamps:

00:00 Start

00:33 Who is Jarray?

01:09 TradFi experience

01:50 What was Jarry trading?

03:23 Phoenix order book

06:45 Aggregators

10:31 Open validator set blockchain

13:15 Market making on SOL

17:05 Atlas

20:57 Limitations of SOL

25:02 Rejecting SOL base assumptions

28:09 What does Atlas unlock?

34:46 Purpose built?

36:31 Opinion sequencing

37:53 Multiple use cases

42:37 Stock market on-chain

46:53 Why L2 sequencer design?

54:11 Memecoins here to stay

1:04:39 Why did it take so long?




👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media



Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4135 L1s, VCs, and the Bitcoin investments with Rajiv https://blockspace.media/podcast/l1s-vcs-and-the-bitcoin-investments-with-rajiv/ Welcome to The Gwart Show! Today, @rajivpoc from @hiFramework joins us. We discuss the L1 trade narrative (“not cooked”), the influx of talented builders entering crypto, and dynamics between VCs and retail investors. Rajiv offers perspectives on Hyperliquid's success, the future of memecoins, and why Bitcoin-based financial products represent a massive opportunity. He also shares his optimistic outlook on washing away "grift" from the space while supporting serious builders with real business models. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 00:50 Who is Rajiv? 01:35 Venture capital vibes 04:26 What are builders focused on? 05:54 AI + Crypto = ? 07:51 What's Rajiv's specialty 09:54 Are L1 investments cooked? 13:49 Application development 16:16 Infra vs Apps definitions 19:19 Pump Swap 20:41 Are memecoins done? 22:42 Hyperliquid 27:48 Hyperliquid & VC funding 32:37 Direct investment 36:35 Investment time horizons 40:11 Tokens don't make assets NOT securities 43:46 Long TSLA at 75x leverage LFG 47:21 Where's the trade in stablecoins 49:35 VC gonna get REKT? 57:21 Bleeding value from tokens 1:01:20 Golden age of pump & dump 1:05:48 I WANT TO BELIVE 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 06 Apr 2025 13:51:00 -0000 full Blockspace Media Welcome to The Gwart Show! Today, @rajivpoc from @hiFramework joins us. We discuss the L1 trade narrative (“not cooked”), the influx of talented builders entering crypto, and dynamics between VCs and retail investors. Rajiv offers perspectives on Hyperliquid's success, the future of memecoins, and why Bitcoin-based financial products represent a massive opportunity. He also shares his optimistic outlook on washing away "grift" from the space while supporting serious builders with real business models. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Timestamps: 00:00 Start 00:50 Who is Rajiv? 01:35 Venture capital vibes 04:26 What are builders focused on? 05:54 AI + Crypto = ? 07:51 What's Rajiv's specialty 09:54 Are L1 investments cooked? 13:49 Application development 16:16 Infra vs Apps definitions 19:19 Pump Swap 20:41 Are memecoins done? 22:42 Hyperliquid 27:48 Hyperliquid & VC funding 32:37 Direct investment 36:35 Investment time horizons 40:11 Tokens don't make assets NOT securities 43:46 Long TSLA at 75x leverage LFG 47:21 Where's the trade in stablecoins 49:35 VC gonna get REKT? 57:21 Bleeding value from tokens 1:01:20 Golden age of pump & dump 1:05:48 I WANT TO BELIVE 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to The Gwart Show! Today, @rajivpoc from @hiFramework joins us. We discuss the L1 trade narrative (“not cooked”), the influx of talented builders entering crypto, and dynamics between VCs and retail investors. Rajiv offers perspectives on Hyperliquid's success, the future of memecoins, and why Bitcoin-based financial products represent a massive opportunity. He also shares his optimistic outlook on washing away "grift" from the space while supporting serious builders with real business models.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Timestamps:

00:00 Start

00:50 Who is Rajiv?

01:35 Venture capital vibes

04:26 What are builders focused on?

05:54 AI + Crypto = ?

07:51 What's Rajiv's specialty

09:54 Are L1 investments cooked?

13:49 Application development

16:16 Infra vs Apps definitions

19:19 Pump Swap

20:41 Are memecoins done?

22:42 Hyperliquid

27:48 Hyperliquid & VC funding

32:37 Direct investment

36:35 Investment time horizons

40:11 Tokens don't make assets NOT securities

43:46 Long TSLA at 75x leverage LFG

47:21 Where's the trade in stablecoins

49:35 VC gonna get REKT?

57:21 Bleeding value from tokens

1:01:20 Golden age of pump & dump

1:05:48 I WANT TO BELIVE



👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media



Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4256 The Rise and Rise of Synthetic Stables With Ethena Welcome to The Gwart Show! Today, we are joined by Guy, the founder of Ethena, one of crypto's fastest-growing stablecoin projects, which reached $6 billion faster than any dollar-pegged asset in history. We discuss how Ethena's synthetic dollar works by capturing funding rates from perpetual futures markets, why they've embraced centralized exchanges while maintaining neutrality, and their ambitious new Converge blockchain. The conversation explores stablecoin competition, the limitations of decentralized approaches, and how they plan to bridge traditional finance with crypto through their partnership with Securitize. Subscribe to the newsletter! https://newsletter.blockspacemedia.com # Notes: - Ethena reached $6B faster than any dollar asset - Currently offering ~16% yield (avg 18% last year) - Uses Bitcoin perps funding rates for yield - Maintains neutrality across exchanges - Converge is launching with Securitize partnership - Looking to tokenize equities and T-bills Timestamps: 00:00 Start 00:19 Guy's background 03:11 What's Ethena? 04:52 What hasn't this been tried before? 06:50 Rival stablecoins 10:57 Where are the risks? 15:13 Hyperliquid cancels order 18:04 How to compete with other stablecoins 21:01 One stablecoins to rule them all! 22:47 Why no yeild yet? 24:54 Why USDE isn't for payments (yet) 27:25 Superiority of a yield asset 30:54 What is Converge? 34:16 Alt L1? 34:31 Why build a new chain? 37:51 ETH in stagnation? 39:43 Vitalik the business man? 41:35 ETH as collateral for stablecoins 43:58 RWAs 48:15 Regulatory capture 49:57 Why equities on-chain? 54:16 On-chain price discovery 56:47 Airdrops 58:52 AMMs 1:01:57 Perpetual Futures funding rates 1:06:54 Trading edge 1:07:39 Citadel 1:10:09 Payment for order flow 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 30 Mar 2025 13:40:00 -0000 full Blockspace Media Welcome to The Gwart Show! Today, we are joined by Guy, the founder of Ethena, one of crypto's fastest-growing stablecoin projects, which reached $6 billion faster than any dollar-pegged asset in history. We discuss how Ethena's synthetic dollar works by capturing funding rates from perpetual futures markets, why they've embraced centralized exchanges while maintaining neutrality, and their ambitious new Converge blockchain. The conversation explores stablecoin competition, the limitations of decentralized approaches, and how they plan to bridge traditional finance with crypto through their partnership with Securitize. Subscribe to the newsletter! https://newsletter.blockspacemedia.com # Notes: - Ethena reached $6B faster than any dollar asset - Currently offering ~16% yield (avg 18% last year) - Uses Bitcoin perps funding rates for yield - Maintains neutrality across exchanges - Converge is launching with Securitize partnership - Looking to tokenize equities and T-bills Timestamps: 00:00 Start 00:19 Guy's background 03:11 What's Ethena? 04:52 What hasn't this been tried before? 06:50 Rival stablecoins 10:57 Where are the risks? 15:13 Hyperliquid cancels order 18:04 How to compete with other stablecoins 21:01 One stablecoins to rule them all! 22:47 Why no yeild yet? 24:54 Why USDE isn't for payments (yet) 27:25 Superiority of a yield asset 30:54 What is Converge? 34:16 Alt L1? 34:31 Why build a new chain? 37:51 ETH in stagnation? 39:43 Vitalik the business man? 41:35 ETH as collateral for stablecoins 43:58 RWAs 48:15 Regulatory capture 49:57 Why equities on-chain? 54:16 On-chain price discovery 56:47 Airdrops 58:52 AMMs 1:01:57 Perpetual Futures funding rates 1:06:54 Trading edge 1:07:39 Citadel 1:10:09 Payment for order flow 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to The Gwart Show! Today, we are joined by Guy, the founder of Ethena, one of crypto's fastest-growing stablecoin projects, which reached $6 billion faster than any dollar-pegged asset in history. We discuss how Ethena's synthetic dollar works by capturing funding rates from perpetual futures markets, why they've embraced centralized exchanges while maintaining neutrality, and their ambitious new Converge blockchain. The conversation explores stablecoin competition, the limitations of decentralized approaches, and how they plan to bridge traditional finance with crypto through their partnership with Securitize.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


# Notes:

- Ethena reached $6B faster than any dollar asset

- Currently offering ~16% yield (avg 18% last year)

- Uses Bitcoin perps funding rates for yield

- Maintains neutrality across exchanges

- Converge is launching with Securitize partnership

- Looking to tokenize equities and T-bills


Timestamps:

00:00 Start

00:19 Guy's background

03:11 What's Ethena?

04:52 What hasn't this been tried before?

06:50 Rival stablecoins

10:57 Where are the risks?

15:13 Hyperliquid cancels order

18:04 How to compete with other stablecoins

21:01 One stablecoins to rule them all!

22:47 Why no yeild yet?

24:54 Why USDE isn't for payments (yet)

27:25 Superiority of a yield asset

30:54 What is Converge?

34:16 Alt L1?

34:31 Why build a new chain?

37:51 ETH in stagnation?

39:43 Vitalik the business man?

41:35 ETH as collateral for stablecoins

43:58 RWAs

48:15 Regulatory capture

49:57 Why equities on-chain?

54:16 On-chain price discovery

56:47 Airdrops

58:52 AMMs

1:01:57 Perpetual Futures funding rates

1:06:54 Trading edge

1:07:39 Citadel

1:10:09 Payment for order flow



👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4299 Bitcoin As Resistance Money With Andrew Bailey Welcome back to The Gwart Show! Today, Andrew Bailey–fellow at the Bitcoin Policy Institute– joins Gwart to discuss Bitcoin's role as resistance money, the philosophical implications of cryptocurrency, and why simplicity might trump utility in digital assets.  Follow our guest on Twitter: @resistancemoney TOPICS -Bitcoin as Resistance Money -Philosophy in Cryptocurrency -Stablecoins vs Bitcoin -Ethical Money Creation -Future of Financial Freedom CHAPTERS 00:00 Start 01:07 Andrew bio 01:55 Why philosophy & Bitcoin? 04:26 Bitcoin background 06:31 What is resistance money? 07:14 Why is this book important? 10:24 Examples of BTC as resistance money 13:14 Tron is the People's Blockchain 18:12 ETH as alternative 20:48 Long EVM, Short ETH 32:40 What new-coiners care about 35:27 The philosophy of ETH 36:07 Vitalik's writing 41:50 Legitimate use cases 46:13 What is "utility"? 51:21 Lightning & MoE 54:16 What crypto tech should come to BTC? 1:03:05 Worldcoin 1:09:17 Effective altruism 1:14:16 Ends justify means? 1:17:28 When David Hoffman cries 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 23 Mar 2025 13:10:00 -0000 full Blockspace Media Welcome back to The Gwart Show! Today, Andrew Bailey–fellow at the Bitcoin Policy Institute– joins Gwart to discuss Bitcoin's role as resistance money, the philosophical implications of cryptocurrency, and why simplicity might trump utility in digital assets.  Follow our guest on Twitter: @resistancemoney TOPICS -Bitcoin as Resistance Money -Philosophy in Cryptocurrency -Stablecoins vs Bitcoin -Ethical Money Creation -Future of Financial Freedom CHAPTERS 00:00 Start 01:07 Andrew bio 01:55 Why philosophy & Bitcoin? 04:26 Bitcoin background 06:31 What is resistance money? 07:14 Why is this book important? 10:24 Examples of BTC as resistance money 13:14 Tron is the People's Blockchain 18:12 ETH as alternative 20:48 Long EVM, Short ETH 32:40 What new-coiners care about 35:27 The philosophy of ETH 36:07 Vitalik's writing 41:50 Legitimate use cases 46:13 What is "utility"? 51:21 Lightning & MoE 54:16 What crypto tech should come to BTC? 1:03:05 Worldcoin 1:09:17 Effective altruism 1:14:16 Ends justify means? 1:17:28 When David Hoffman cries 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today, Andrew Bailey–fellow at the Bitcoin Policy Institute– joins Gwart to discuss Bitcoin's role as resistance money, the philosophical implications of cryptocurrency, and why simplicity might trump utility in digital assets. 



Follow our guest on Twitter: @resistancemoney


TOPICS

-Bitcoin as Resistance Money

-Philosophy in Cryptocurrency

-Stablecoins vs Bitcoin

-Ethical Money Creation

-Future of Financial Freedom


CHAPTERS

00:00 Start

01:07 Andrew bio

01:55 Why philosophy & Bitcoin?

04:26 Bitcoin background

06:31 What is resistance money?

07:14 Why is this book important?

10:24 Examples of BTC as resistance money

13:14 Tron is the People's Blockchain

18:12 ETH as alternative

20:48 Long EVM, Short ETH

32:40 What new-coiners care about

35:27 The philosophy of ETH

36:07 Vitalik's writing

41:50 Legitimate use cases

46:13 What is "utility"?

51:21 Lightning & MoE

54:16 What crypto tech should come to BTC?

1:03:05 Worldcoin

1:09:17 Effective altruism

1:14:16 Ends justify means?

1:17:28 When David Hoffman cries



👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5167 Bringing The EVM To Bitcoin With Willem Schroe https://blockspace.media/podcast/bringing-the-evm-to-bitcoin-with-willem-schroe/ Welcome to The Gwart Show! Today, Willem from Botanix Labs joins us to discuss their pioneering "spider chain" approach for Bitcoin's second layer. Unlike traditional rollups, Botanix creates a decentralized network of multi-sig validators to bring EVM capabilities to Bitcoin while maintaining censorship resistance. Willem explains why decentralization matters for DeFi applications, how their validator system works with Bitcoin staking, and why they've chosen a different path than rollups. With mainnet launch planned for Q2, Botanix aims to enable Bitcoin holders to use their BTC in familiar DeFi applications without sacrificing security. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Spider chains prioritize decentralization over speed - Botanix launching mainnet in Q2 2025 - Initial 15 validators expanding to hundreds - Block time is 5 seconds with ~$0.01 fees - Uses Bitcoin as gas fee, no separate token - Validators will stake 3-5 BTC as bond Timestamps: 00:00 Start 00:21 Intro 01:04 Spiderchain 02:20 Proof of stake on layer 2 06:14 Risk vs reward 08:02 Spiderchain vs rollup 14:55 BitVM 16:42 ZK tech 20:34 Data availability w/ Spierchains 21:25 Data on Bitcoin chain 22:13 Alt DA 24:23 Updates on Botanix 26:47 Wen token? 28:00 Primary users? 30:27 Block interval 30:50 Decentralization design limits 32:55 Fees 33:43 Porting ETH apps to Botanix 34:52 Bitcoin staking 36:34 EVM wallet compatibility 37:28 Place in L2 ecosystem 39:35 Functional BitVM rollup? 40:32 Changes to BTC 41:16 L2 protocol consensus? 42:17 Social consensus in BTC 45:49 Ordinals & Runes 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 09 Mar 2025 12:00:00 -0000 full Blockspace Media A novel Layer 2 for Bitcoin, using learnings from the Lightning Network and Ethereum. Welcome to The Gwart Show! Today, Willem from Botanix Labs joins us to discuss their pioneering "spider chain" approach for Bitcoin's second layer. Unlike traditional rollups, Botanix creates a decentralized network of multi-sig validators to bring EVM capabilities to Bitcoin while maintaining censorship resistance. Willem explains why decentralization matters for DeFi applications, how their validator system works with Bitcoin staking, and why they've chosen a different path than rollups. With mainnet launch planned for Q2, Botanix aims to enable Bitcoin holders to use their BTC in familiar DeFi applications without sacrificing security. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Spider chains prioritize decentralization over speed - Botanix launching mainnet in Q2 2025 - Initial 15 validators expanding to hundreds - Block time is 5 seconds with ~$0.01 fees - Uses Bitcoin as gas fee, no separate token - Validators will stake 3-5 BTC as bond Timestamps: 00:00 Start 00:21 Intro 01:04 Spiderchain 02:20 Proof of stake on layer 2 06:14 Risk vs reward 08:02 Spiderchain vs rollup 14:55 BitVM 16:42 ZK tech 20:34 Data availability w/ Spierchains 21:25 Data on Bitcoin chain 22:13 Alt DA 24:23 Updates on Botanix 26:47 Wen token? 28:00 Primary users? 30:27 Block interval 30:50 Decentralization design limits 32:55 Fees 33:43 Porting ETH apps to Botanix 34:52 Bitcoin staking 36:34 EVM wallet compatibility 37:28 Place in L2 ecosystem 39:35 Functional BitVM rollup? 40:32 Changes to BTC 41:16 L2 protocol consensus? 42:17 Social consensus in BTC 45:49 Ordinals & Runes 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to The Gwart Show! Today, Willem from Botanix Labs joins us to discuss their pioneering "spider chain" approach for Bitcoin's second layer. Unlike traditional rollups, Botanix creates a decentralized network of multi-sig validators to bring EVM capabilities to Bitcoin while maintaining censorship resistance. Willem explains why decentralization matters for DeFi applications, how their validator system works with Bitcoin staking, and why they've chosen a different path than rollups. With mainnet launch planned for Q2, Botanix aims to enable Bitcoin holders to use their BTC in familiar DeFi applications without sacrificing security.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Notes:

- Spider chains prioritize decentralization over speed

- Botanix launching mainnet in Q2 2025

- Initial 15 validators expanding to hundreds

- Block time is 5 seconds with ~$0.01 fees

- Uses Bitcoin as gas fee, no separate token

- Validators will stake 3-5 BTC as bond


Timestamps:

00:00 Start

00:21 Intro

01:04 Spiderchain

02:20 Proof of stake on layer 2

06:14 Risk vs reward

08:02 Spiderchain vs rollup

14:55 BitVM

16:42 ZK tech

20:34 Data availability w/ Spierchains

21:25 Data on Bitcoin chain

22:13 Alt DA

24:23 Updates on Botanix

26:47 Wen token?

28:00 Primary users?

30:27 Block interval

30:50 Decentralization design limits

32:55 Fees

33:43 Porting ETH apps to Botanix

34:52 Bitcoin staking

36:34 EVM wallet compatibility

37:28 Place in L2 ecosystem

39:35 Functional BitVM rollup?

40:32 Changes to BTC

41:16 L2 protocol consensus?

42:17 Social consensus in BTC

45:49 Ordinals & Runes


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media



Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 2892 Freedom Tech With Alex Gladstein Welcome to The Gwart Show! Today, Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, joins us to discuss how Bitcoin functions as essential "money dictators can't stop" for human rights activists worldwide. With nearly 18 years at HRF, Alex shares fascinating stories of Bitcoin adoption in authoritarian regimes, his journey from skeptic to advocate, and why Bitcoin—not general "crypto"—provides the unique properties needed for financial freedom in oppressive environments. He explores privacy solutions, scaling challenges, and the future of complementary technologies like ecash and Nostr. Follow Alex on Twitter: @gladstein Notes: - HRF quarterly Bitcoin grants - The "currency of activists" - Most global humanitarian funding stays in free countries - Alex’s "Check Your Financial Privilege" book - Bitcoin users in Malawi upgrading from saving with goats - Stablecoins are primarily valuable when permissionless Timestamps: 00:00 Start 00:30 Alex intro 11:48 HRF Bitcoin focus 17:08 Current projects 21:55 Cross border vs circular economies 27:30 Stablecoins 38:17 Bitcoin privacy 45:59 Covenants 51:17 Education is lagging 55:24 Does "crypto" have value? 1:02:31 NOSTR 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 02 Mar 2025 15:08:00 -0000 full Blockspace Media Bitcoin is becoming a de facto money for the oppressed, Gladstein says. Welcome to The Gwart Show! Today, Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, joins us to discuss how Bitcoin functions as essential "money dictators can't stop" for human rights activists worldwide. With nearly 18 years at HRF, Alex shares fascinating stories of Bitcoin adoption in authoritarian regimes, his journey from skeptic to advocate, and why Bitcoin—not general "crypto"—provides the unique properties needed for financial freedom in oppressive environments. He explores privacy solutions, scaling challenges, and the future of complementary technologies like ecash and Nostr. Follow Alex on Twitter: @gladstein Notes: - HRF quarterly Bitcoin grants - The "currency of activists" - Most global humanitarian funding stays in free countries - Alex’s "Check Your Financial Privilege" book - Bitcoin users in Malawi upgrading from saving with goats - Stablecoins are primarily valuable when permissionless Timestamps: 00:00 Start 00:30 Alex intro 11:48 HRF Bitcoin focus 17:08 Current projects 21:55 Cross border vs circular economies 27:30 Stablecoins 38:17 Bitcoin privacy 45:59 Covenants 51:17 Education is lagging 55:24 Does "crypto" have value? 1:02:31 NOSTR 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to The Gwart Show! Today, Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, joins us to discuss how Bitcoin functions as essential "money dictators can't stop" for human rights activists worldwide. With nearly 18 years at HRF, Alex shares fascinating stories of Bitcoin adoption in authoritarian regimes, his journey from skeptic to advocate, and why Bitcoin—not general "crypto"—provides the unique properties needed for financial freedom in oppressive environments. He explores privacy solutions, scaling challenges, and the future of complementary technologies like ecash and Nostr.


Follow Alex on Twitter: @gladstein


Notes:


- HRF quarterly Bitcoin grants

- The "currency of activists"

- Most global humanitarian funding stays in free countries

- Alex’s "Check Your Financial Privilege" book

- Bitcoin users in Malawi upgrading from saving with goats

- Stablecoins are primarily valuable when permissionless


Timestamps:

00:00 Start

00:30 Alex intro

11:48 HRF Bitcoin focus

17:08 Current projects

21:55 Cross border vs circular economies

27:30 Stablecoins

38:17 Bitcoin privacy

45:59 Covenants

51:17 Education is lagging

55:24 Does "crypto" have value?

1:02:31 NOSTR


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4013 Token Fundamentals Part II Felipe Montealegre https://blockspace.media/podcast/token-fundamentals-part-ii-felipe-montealegre/ Subscribe to the newsletter! https://newsletter.blockspacemedia.com Welcome back to The Great Show! Today, we finish the second half of our chat with Felipe Montealegre from Theia Research on traditional private equity valuation methods and crypto investing. We explore fundamental analysis in DeFi, token valuations, shareholder rights, and the evolution of crypto markets. Felipe shares insights on identifying quality revenue streams, evaluating moats, and building sustainable value in the crypto ecosystem. Topics:  • DeFi Investment Strategies • Token Valuation Methods • VC vs Liquid Fund Dynamics • Revenue Sustainability • Market Psychology • Risk Management Approaches 🐦Follow our guests on Twitter: @TheiaResearch Timesstamps 00:00 Start 00:32 Wall street follow fast problem 01:41 Micropayments for services 05:20 Fat protocol thesis 07:10 Lack of innovation 09:26 The social role of investors 11:17 Lending on Solana 13:18 Incentive programs 16:38 Hyperliquid air drop 22:08 Radium 30:51 Houdini 35:54 Absolute trash projects 38:43 Bad token strategies 40:27 VC 44:30 VC vs liquid investing 52:01 Being early vs actual utility 55:57 LP process 59:35 Bitcoin 1:02:56 Private equity 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 23 Feb 2025 13:48:48 -0000 full Blockspace Media Token valuations, market psychology and risk management for you this morning. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Welcome back to The Great Show! Today, we finish the second half of our chat with Felipe Montealegre from Theia Research on traditional private equity valuation methods and crypto investing. We explore fundamental analysis in DeFi, token valuations, shareholder rights, and the evolution of crypto markets. Felipe shares insights on identifying quality revenue streams, evaluating moats, and building sustainable value in the crypto ecosystem. Topics:  • DeFi Investment Strategies • Token Valuation Methods • VC vs Liquid Fund Dynamics • Revenue Sustainability • Market Psychology • Risk Management Approaches 🐦Follow our guests on Twitter: @TheiaResearch Timesstamps 00:00 Start 00:32 Wall street follow fast problem 01:41 Micropayments for services 05:20 Fat protocol thesis 07:10 Lack of innovation 09:26 The social role of investors 11:17 Lending on Solana 13:18 Incentive programs 16:38 Hyperliquid air drop 22:08 Radium 30:51 Houdini 35:54 Absolute trash projects 38:43 Bad token strategies 40:27 VC 44:30 VC vs liquid investing 52:01 Being early vs actual utility 55:57 LP process 59:35 Bitcoin 1:02:56 Private equity 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Welcome back to The Great Show! Today, we finish the second half of our chat with Felipe Montealegre from Theia Research on traditional private equity valuation methods and crypto investing. We explore fundamental analysis in DeFi, token valuations, shareholder rights, and the evolution of crypto markets. Felipe shares insights on identifying quality revenue streams, evaluating moats, and building sustainable value in the crypto ecosystem.


Topics: 


• DeFi Investment Strategies

• Token Valuation Methods

• VC vs Liquid Fund Dynamics

• Revenue Sustainability

• Market Psychology

• Risk Management Approaches



🐦Follow our guests on Twitter: @TheiaResearch


Timesstamps

00:00 Start

00:32 Wall street follow fast problem

01:41 Micropayments for services

05:20 Fat protocol thesis

07:10 Lack of innovation

09:26 The social role of investors

11:17 Lending on Solana

13:18 Incentive programs

16:38 Hyperliquid air drop

22:08 Radium

30:51 Houdini

35:54 Absolute trash projects

38:43 Bad token strategies

40:27 VC

44:30 VC vs liquid investing

52:01 Being early vs actual utility

55:57 LP process

59:35 Bitcoin

1:02:56 Private equity


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4043 Rethinking Token Fundamentals with Felipe Montealegre https://blockspace.media/podcast/rethinking-token-fundamentals-with-felipe-montealegre/ Welcome back to The Great Show! Today, Felipe Montealegre from Theia Research joins to discuss traditional private equity valuation methods and crypto investing. We explore fundamental analysis in DeFi, token valuations, shareholder rights, and the evolution of crypto markets. Felipe shares insights on identifying quality revenue streams, evaluating moats, and building sustainable value in the crypto ecosystem. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Topic: 3. PE vs Crypto Valuations 4. Finding Crypto Fundamentals 5. Investing in Token Cash Flow 6. Crypto Moats & Real Value 🐦Follow our guests on Twitter: @TheiaResearch Timestamps: 00:46 Intro 03:35 Thesis of the fund 05:57 Fundamentals & market cap 12:40 Valuation methods 17:07 Timeframes 21:57 Defendible moats 28:22 AAVE 33:49 Token holders are not shareholders 39:42 Metaplaex 43:57 Returning token holder value 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 16 Feb 2025 14:31:22 -0000 full Blockspace Media Can we apply tradfi fundamentals to crypto investing? Welcome back to The Great Show! Today, Felipe Montealegre from Theia Research joins to discuss traditional private equity valuation methods and crypto investing. We explore fundamental analysis in DeFi, token valuations, shareholder rights, and the evolution of crypto markets. Felipe shares insights on identifying quality revenue streams, evaluating moats, and building sustainable value in the crypto ecosystem. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Topic: 3. PE vs Crypto Valuations 4. Finding Crypto Fundamentals 5. Investing in Token Cash Flow 6. Crypto Moats & Real Value 🐦Follow our guests on Twitter: @TheiaResearch Timestamps: 00:46 Intro 03:35 Thesis of the fund 05:57 Fundamentals & market cap 12:40 Valuation methods 17:07 Timeframes 21:57 Defendible moats 28:22 AAVE 33:49 Token holders are not shareholders 39:42 Metaplaex 43:57 Returning token holder value 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Great Show! Today, Felipe Montealegre from Theia Research joins to discuss traditional private equity valuation methods and crypto investing. We explore fundamental analysis in DeFi, token valuations, shareholder rights, and the evolution of crypto markets. Felipe shares insights on identifying quality revenue streams, evaluating moats, and building sustainable value in the crypto ecosystem.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


Topic:


3. PE vs Crypto Valuations

4. Finding Crypto Fundamentals

5. Investing in Token Cash Flow

6. Crypto Moats & Real Value


🐦Follow our guests on Twitter: @TheiaResearch


Timestamps:

00:46 Intro

03:35 Thesis of the fund

05:57 Fundamentals & market cap

12:40 Valuation methods

17:07 Timeframes

21:57 Defendible moats

28:22 AAVE

33:49 Token holders are not shareholders

39:42 Metaplaex

43:57 Returning token holder value


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3216 Bitcoin Staking With Jacob Phillips https://blockspace.media/podcast/bitcoin-staking-with-jacob-phillips/ Welcome to The Gwart Show! Today, Jacob Phillips, founder of Lombard Finance, joins us to talk Bitcoin staking. From Babylon protocol's approach to Bitcoin security to Lombard's role in creating liquid staking derivatives, we chat about Bitcoin as a productive asset. Plus thoughts on technical infrastructure, market dynamics, and Bitcoin staking in DeFi. TOPICS • Bitcoin Staking Mechanisms • Babylon Protocol Overview • Liquid Staking Derivatives • DeFi Integration • Security Models • Cross-chain Bitcoin Solutions 🐦Follow our guests on Twitter: @JacobPPhillips Timestamps: 00:00 Start 00:52 Jacob intro 02:14 BTC staking 04:13 What is LBTC? 04:59 Minting LBTC on ETH 07:23 Demand 11:43 Yield 14:37 BTC restaking 15:53 Why restaking for security 18:11 Future of yield 22:19 BTC v ETH staking 25:22 New financial primitives 28:26 Points farming and the future 30:53 Lombard business case 33:40 Copy/paste rollups 35:45 Chain adoption 37:47 Competition 39:33 Babylon ecosystem 42:05 Why LBTC token 45:50 Current Bitcoin L2s 50:33 What happens if covenants? 55:15 Validator incentives 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 09 Feb 2025 12:00:00 -0000 full Blockspace Media You can just stake Bitcoin, apparently. Welcome to The Gwart Show! Today, Jacob Phillips, founder of Lombard Finance, joins us to talk Bitcoin staking. From Babylon protocol's approach to Bitcoin security to Lombard's role in creating liquid staking derivatives, we chat about Bitcoin as a productive asset. Plus thoughts on technical infrastructure, market dynamics, and Bitcoin staking in DeFi. TOPICS • Bitcoin Staking Mechanisms • Babylon Protocol Overview • Liquid Staking Derivatives • DeFi Integration • Security Models • Cross-chain Bitcoin Solutions 🐦Follow our guests on Twitter: @JacobPPhillips Timestamps: 00:00 Start 00:52 Jacob intro 02:14 BTC staking 04:13 What is LBTC? 04:59 Minting LBTC on ETH 07:23 Demand 11:43 Yield 14:37 BTC restaking 15:53 Why restaking for security 18:11 Future of yield 22:19 BTC v ETH staking 25:22 New financial primitives 28:26 Points farming and the future 30:53 Lombard business case 33:40 Copy/paste rollups 35:45 Chain adoption 37:47 Competition 39:33 Babylon ecosystem 42:05 Why LBTC token 45:50 Current Bitcoin L2s 50:33 What happens if covenants? 55:15 Validator incentives 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to The Gwart Show! Today, Jacob Phillips, founder of Lombard Finance, joins us to talk Bitcoin staking. From Babylon protocol's approach to Bitcoin security to Lombard's role in creating liquid staking derivatives, we chat about Bitcoin as a productive asset. Plus thoughts on technical infrastructure, market dynamics, and Bitcoin staking in DeFi.


TOPICS

• Bitcoin Staking Mechanisms

• Babylon Protocol Overview

• Liquid Staking Derivatives

• DeFi Integration

• Security Models

• Cross-chain Bitcoin Solutions


🐦Follow our guests on Twitter: @JacobPPhillips


Timestamps:

00:00 Start

00:52 Jacob intro

02:14 BTC staking

04:13 What is LBTC?

04:59 Minting LBTC on ETH

07:23 Demand

11:43 Yield

14:37 BTC restaking

15:53 Why restaking for security

18:11 Future of yield

22:19 BTC v ETH staking

25:22 New financial primitives

28:26 Points farming and the future

30:53 Lombard business case

33:40 Copy/paste rollups

35:45 Chain adoption

37:47 Competition

39:33 Babylon ecosystem

42:05 Why LBTC token

45:50 Current Bitcoin L2s

50:33 What happens if covenants?

55:15 Validator incentives


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3634 Tornado Cash, the DOJ and Coin Center https://blockspace.media/podcast/tornado-cash-the-doj-and-coin-center/ Welcome back to The Gwart Show! Peter van Valkenburgh breaks down Coin Center's legal battle against the DOJ's crackdown on privacy tools like Tornado Cash. From First Amendment rights to money transmission laws, we explore how these cases could alter development. Peter explains why software isn't money transmission and how these prosecutions threaten innovation in America. 🐦Follow our guests on Twitter: @valkenburgh @coincenter  📝Quick notes & topics: • Code as protected speech • DOJ vs privacy tools • Money transmission laws • First Amendment rights • Regulatory overreach • Trump vs Biden crypto policy Timestamps: 00:00 Start 00:46 Peter bio 02:02 What is Coin Center? 07:01 Other advocacy groups 12:54 Alignment w/ older orgs 24:59 Location specific legal interpretation 30:01 Tornado Cash case update 33:47 3 charges in Tornado Cash case 38:46 Samurai v Tornado Cash 44:41 How does this fail? 48:21 On & off ramps 51:17 Tornado Cash token 53:37 Token complications 55:43 Securities law 1:02:28 Legal response to immutable code 1:06:49 Optimism & timelines 1:10:51 What should we do? 1:15:16 Solana's got the same problems 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 02 Feb 2025 14:33:19 -0000 full Blockspace Media What's the latest in the Tornado Cash case? We dig in with Coin Center. Welcome back to The Gwart Show! Peter van Valkenburgh breaks down Coin Center's legal battle against the DOJ's crackdown on privacy tools like Tornado Cash. From First Amendment rights to money transmission laws, we explore how these cases could alter development. Peter explains why software isn't money transmission and how these prosecutions threaten innovation in America. 🐦Follow our guests on Twitter: @valkenburgh @coincenter  📝Quick notes & topics: • Code as protected speech • DOJ vs privacy tools • Money transmission laws • First Amendment rights • Regulatory overreach • Trump vs Biden crypto policy Timestamps: 00:00 Start 00:46 Peter bio 02:02 What is Coin Center? 07:01 Other advocacy groups 12:54 Alignment w/ older orgs 24:59 Location specific legal interpretation 30:01 Tornado Cash case update 33:47 3 charges in Tornado Cash case 38:46 Samurai v Tornado Cash 44:41 How does this fail? 48:21 On & off ramps 51:17 Tornado Cash token 53:37 Token complications 55:43 Securities law 1:02:28 Legal response to immutable code 1:06:49 Optimism & timelines 1:10:51 What should we do? 1:15:16 Solana's got the same problems 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Peter van Valkenburgh breaks down Coin Center's legal battle against the DOJ's crackdown on privacy tools like Tornado Cash. From First Amendment rights to money transmission laws, we explore how these cases could alter development. Peter explains why software isn't money transmission and how these prosecutions threaten innovation in America.


🐦Follow our guests on Twitter: @valkenburgh @coincenter 


📝Quick notes & topics:


• Code as protected speech

• DOJ vs privacy tools

• Money transmission laws

• First Amendment rights

• Regulatory overreach

• Trump vs Biden crypto policy


Timestamps:


00:00 Start

00:46 Peter bio

02:02 What is Coin Center?

07:01 Other advocacy groups

12:54 Alignment w/ older orgs

24:59 Location specific legal interpretation

30:01 Tornado Cash case update

33:47 3 charges in Tornado Cash case

38:46 Samurai v Tornado Cash

44:41 How does this fail?

48:21 On & off ramps

51:17 Tornado Cash token

53:37 Token complications

55:43 Securities law

1:02:28 Legal response to immutable code

1:06:49 Optimism & timelines

1:10:51 What should we do?

1:15:16 Solana's got the same problems


👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4441 What Is Ethereum Worth? With Kevin Mills https://blockspace.media/podcast/what-is-ethereum-worth-with-kevin-mills/ In this deep dive episode, Kevin Mills from Triton Liquid Fund joins us to examine the fundamental value of Ethereum through multiple analytical frameworks. Building on John Pfeifer's influential 2017 paper, Kevin explores cash flow models, equation of exchange, and the internet bond theory to assess ETH's true value. The conversation challenges popular narratives around monetary premium and questions traditional valuation approaches in crypto markets. Essential listening for anyone interested in crypto asset valuation fundamentals. Read the paper: https://whatisethereumworth.com/ 🐦Follow our guests on Twitter: @__kfm__ 📝Quick notes & topics: • ETH cash flow valuation challenges • Value capture vs value creation • L2 impact on ETH economics • Monetary premium limitations • Application layer value capture • Protocol value extraction limits Timestamps: 00:00 Start 01:39 Kevin bio 04:26 Original paper overview 08:19 Valuation methods 11:51 Denominating in ETH 13:17 Issuance rate / cash flow 18:26 Equation of exchange 29:41 Internet bond 33:41 Working capital theory 37:16 Carrying cost of capital 41:18 Counter arguments: Ultra Sound Money 47:14 Premium block space 55:20 Bimetalic history 58:39 Likely outcomes 1:03:06 The utility path to zero 1:05:08 App layer thesis 1:09:11 RIP Fat Protocol Thesis 1:11:08 Value capture mechanisms 1:15:16 Solana's got the same problems 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 26 Jan 2025 11:00:00 -0000 full Blockspace Media There's an identity crisis in ETH. We're sitting down with the experts to figure it out. In this deep dive episode, Kevin Mills from Triton Liquid Fund joins us to examine the fundamental value of Ethereum through multiple analytical frameworks. Building on John Pfeifer's influential 2017 paper, Kevin explores cash flow models, equation of exchange, and the internet bond theory to assess ETH's true value. The conversation challenges popular narratives around monetary premium and questions traditional valuation approaches in crypto markets. Essential listening for anyone interested in crypto asset valuation fundamentals. Read the paper: https://whatisethereumworth.com/ 🐦Follow our guests on Twitter: @__kfm__ 📝Quick notes & topics: • ETH cash flow valuation challenges • Value capture vs value creation • L2 impact on ETH economics • Monetary premium limitations • Application layer value capture • Protocol value extraction limits Timestamps: 00:00 Start 01:39 Kevin bio 04:26 Original paper overview 08:19 Valuation methods 11:51 Denominating in ETH 13:17 Issuance rate / cash flow 18:26 Equation of exchange 29:41 Internet bond 33:41 Working capital theory 37:16 Carrying cost of capital 41:18 Counter arguments: Ultra Sound Money 47:14 Premium block space 55:20 Bimetalic history 58:39 Likely outcomes 1:03:06 The utility path to zero 1:05:08 App layer thesis 1:09:11 RIP Fat Protocol Thesis 1:11:08 Value capture mechanisms 1:15:16 Solana's got the same problems 👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices In this deep dive episode, Kevin Mills from Triton Liquid Fund joins us to examine the fundamental value of Ethereum through multiple analytical frameworks. Building on John Pfeifer's influential 2017 paper, Kevin explores cash flow models, equation of exchange, and the internet bond theory to assess ETH's true value. The conversation challenges popular narratives around monetary premium and questions traditional valuation approaches in crypto markets. Essential listening for anyone interested in crypto asset valuation fundamentals.


Read the paper: https://whatisethereumworth.com/


🐦Follow our guests on Twitter: @__kfm__


📝Quick notes & topics:


• ETH cash flow valuation challenges

• Value capture vs value creation

• L2 impact on ETH economics

• Monetary premium limitations

• Application layer value capture

• Protocol value extraction limits


Timestamps:


00:00 Start

01:39 Kevin bio

04:26 Original paper overview

08:19 Valuation methods

11:51 Denominating in ETH

13:17 Issuance rate / cash flow

18:26 Equation of exchange

29:41 Internet bond

33:41 Working capital theory

37:16 Carrying cost of capital

41:18 Counter arguments: Ultra Sound Money

47:14 Premium block space

55:20 Bimetalic history

58:39 Likely outcomes

1:03:06 The utility path to zero

1:05:08 App layer thesis

1:09:11 RIP Fat Protocol Thesis

1:11:08 Value capture mechanisms

1:15:16 Solana's got the same problems

👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5136 A Market Update With Jordi https://blockspace.media/podcast/hyperliquid-with-jordi-alexander/ Happy Sunday and welcome back to The Gwart Show. Today we are joined by Jordi Alexander, founder of Selini Capital, discusses HyperLiquid's success, the future of AI in crypto, market making strategies, and shares insights on Ethereum's potential changes and Solana's surprising performance. Follow our guests on Twitter:@gametheorizing 00:00 Start 00:56 Jordi intro 01:23 Selini Capital 03:11 Prop shop vs VC money 04:35 What is HFT? 05:38 Which DeFi protocols for Selini Capital? 06:35 Volume of Hyperliquid 07:59 Marketmaking CeFi vs DeFi? 09:02 Why no Wall Steert marker makers? 10:19 How good is Hyperliquid? 13:30 Will Hyperliquid survive? 16:18 Small validator set 18:59 Hype token 21:30 ETH vibes these days? 23:06 Does the Ethereum Foundation even matter? 25:00 Does SOL flip ETH? 27:17 AI agents 30:08 Agents vs Bots 33:08 AI tokens 34:46 AI for endless promotion 36:43 Pigeon dox 40:31 DeSci 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 19 Jan 2025 13:39:00 -0000 A Market Update With Jordi full Blockspace Media Yet another L1. What do VCs actually think? Happy Sunday and welcome back to The Gwart Show. Today we are joined by Jordi Alexander, founder of Selini Capital, discusses HyperLiquid's success, the future of AI in crypto, market making strategies, and shares insights on Ethereum's potential changes and Solana's surprising performance. Follow our guests on Twitter:@gametheorizing 00:00 Start 00:56 Jordi intro 01:23 Selini Capital 03:11 Prop shop vs VC money 04:35 What is HFT? 05:38 Which DeFi protocols for Selini Capital? 06:35 Volume of Hyperliquid 07:59 Marketmaking CeFi vs DeFi? 09:02 Why no Wall Steert marker makers? 10:19 How good is Hyperliquid? 13:30 Will Hyperliquid survive? 16:18 Small validator set 18:59 Hype token 21:30 ETH vibes these days? 23:06 Does the Ethereum Foundation even matter? 25:00 Does SOL flip ETH? 27:17 AI agents 30:08 Agents vs Bots 33:08 AI tokens 34:46 AI for endless promotion 36:43 Pigeon dox 40:31 DeSci 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Happy Sunday and welcome back to The Gwart Show. Today we are joined by Jordi Alexander, founder of Selini Capital, discusses HyperLiquid's success, the future of AI in crypto, market making strategies, and shares insights on Ethereum's potential changes and Solana's surprising performance.


Follow our guests on Twitter:@gametheorizing


00:00 Start

00:56 Jordi intro

01:23 Selini Capital

03:11 Prop shop vs VC money

04:35 What is HFT?

05:38 Which DeFi protocols for Selini Capital?

06:35 Volume of Hyperliquid

07:59 Marketmaking CeFi vs DeFi?

09:02 Why no Wall Steert marker makers?

10:19 How good is Hyperliquid?

13:30 Will Hyperliquid survive?

16:18 Small validator set

18:59 Hype token

21:30 ETH vibes these days?

23:06 Does the Ethereum Foundation even matter?

25:00 Does SOL flip ETH?

27:17 AI agents

30:08 Agents vs Bots

33:08 AI tokens

34:46 AI for endless promotion

36:43 Pigeon dox

40:31 DeSci



👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 2625 Scaling Bitcoin With Steve Lee and Ren https://blockspace.media/podcast/scaling-bitcoin-with-steve-lee-and-ren/ Steve Lee from Spiral and Ren from Electric Capital join The Gwart Show to talk Bitcoin consensus! We cover how Bitcoin changes, stakeholder weight, and the future of protocol upgrades like covenants. Follow our guest on Twitter: @moneyball @0xren_cf Read our paper: https://bitcoin-cap.github.io/bcap/ 00:00 Start 01:00 Introductions 03:01 Partnering for the paper 04:25 Motivation to write paper 08:17 Reluctance to define a BTC consensus process 12:20 Defining the stakeholders 13:48 Consensus game theory 15:51 Blocksize war 20:36 Learnings from the Blocksize War 22:33 Signaling & other activation routes 26:13 Bounty claim attack 29:44 Are miners up to speed on covenants? 31:59 measuring state of mind 34:38 Education 36:45 Self custody = power 40:59 Role of influencers 45:20 Current state of possible changes 49:39 Echo chambers vs reality 53:42 Will we get to a breaking point? 58:16 OP_CAT 1:01:44 Productive paths to change 1:04:47 What does Bitcoin NEED? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 12 Jan 2025 11:00:00 -0000 full Blockspace Media We're going back to our Bitcoin roots, this time talking about scaling, consensus and soft forks. Steve Lee from Spiral and Ren from Electric Capital join The Gwart Show to talk Bitcoin consensus! We cover how Bitcoin changes, stakeholder weight, and the future of protocol upgrades like covenants. Follow our guest on Twitter: @moneyball @0xren_cf Read our paper: https://bitcoin-cap.github.io/bcap/ 00:00 Start 01:00 Introductions 03:01 Partnering for the paper 04:25 Motivation to write paper 08:17 Reluctance to define a BTC consensus process 12:20 Defining the stakeholders 13:48 Consensus game theory 15:51 Blocksize war 20:36 Learnings from the Blocksize War 22:33 Signaling & other activation routes 26:13 Bounty claim attack 29:44 Are miners up to speed on covenants? 31:59 measuring state of mind 34:38 Education 36:45 Self custody = power 40:59 Role of influencers 45:20 Current state of possible changes 49:39 Echo chambers vs reality 53:42 Will we get to a breaking point? 58:16 OP_CAT 1:01:44 Productive paths to change 1:04:47 What does Bitcoin NEED? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Steve Lee from Spiral and Ren from Electric Capital join The Gwart Show to talk Bitcoin consensus! We cover how Bitcoin changes, stakeholder weight, and the future of protocol upgrades like covenants.


Follow our guest on Twitter: @moneyball @0xren_cf

Read our paper: https://bitcoin-cap.github.io/bcap/


00:00 Start

01:00 Introductions

03:01 Partnering for the paper

04:25 Motivation to write paper

08:17 Reluctance to define a BTC consensus process

12:20 Defining the stakeholders

13:48 Consensus game theory

15:51 Blocksize war

20:36 Learnings from the Blocksize War

22:33 Signaling & other activation routes

26:13 Bounty claim attack

29:44 Are miners up to speed on covenants?

31:59 measuring state of mind

34:38 Education

36:45 Self custody = power

40:59 Role of influencers

45:20 Current state of possible changes

49:39 Echo chambers vs reality

53:42 Will we get to a breaking point?

58:16 OP_CAT

1:01:44 Productive paths to change

1:04:47 What does Bitcoin NEED?



👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4792 ZKVM With Succinct Labs Uma Roy https://blockspace.media/podcast/zkvm-with-succinct-labs-uma-roy/ Today we’re joined by Uma Roy of Succinct Labs to discuss ZK-VM technology, the upcoming prover network, and the alternative scaling paths. We got into rollup architectures, Bitcoin integration, and the landscape of ZK proofs in crypto. Follow our guest on Twitter: @pumatheuma 00:00 Start 00:53 Who is Uma? 01:16 What's a ZKVM? 03:07 Starkware vs Prover Network 04:20 How does it work? 05:28 Who plans to use this ZKVM? 07:50 Why does it take an hour? 10:01 What is the Prover Network? 14:15 ASICS for Prover Network? 21:07 System design 24:55 Roll ups remaining optimistic? 26:04 Let a thousand roll ups bloom 28:14 App chains 30:50 Solana ZK? 32:06 Solana target applications? 34:38 Scaling L1 fallacy 37:12 Interoperability 42:21 Beamchain 45:46 Differences in ZKVMs available? 50:17 Why will ZKVMS be profitable? 54:36 BitVM 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 05 Jan 2025 11:00:00 -0000 full Blockspace Media Week 2 of ZK tech woo boy! Today we’re joined by Uma Roy of Succinct Labs to discuss ZK-VM technology, the upcoming prover network, and the alternative scaling paths. We got into rollup architectures, Bitcoin integration, and the landscape of ZK proofs in crypto. Follow our guest on Twitter: @pumatheuma 00:00 Start 00:53 Who is Uma? 01:16 What's a ZKVM? 03:07 Starkware vs Prover Network 04:20 How does it work? 05:28 Who plans to use this ZKVM? 07:50 Why does it take an hour? 10:01 What is the Prover Network? 14:15 ASICS for Prover Network? 21:07 System design 24:55 Roll ups remaining optimistic? 26:04 Let a thousand roll ups bloom 28:14 App chains 30:50 Solana ZK? 32:06 Solana target applications? 34:38 Scaling L1 fallacy 37:12 Interoperability 42:21 Beamchain 45:46 Differences in ZKVMs available? 50:17 Why will ZKVMS be profitable? 54:36 BitVM 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Today we’re joined by Uma Roy of Succinct Labs to discuss ZK-VM technology, the upcoming prover network, and the alternative scaling paths. We got into rollup architectures, Bitcoin integration, and the landscape of ZK proofs in crypto.


Follow our guest on Twitter: @pumatheuma


00:00 Start

00:53 Who is Uma?

01:16 What's a ZKVM?

03:07 Starkware vs Prover Network

04:20 How does it work?

05:28 Who plans to use this ZKVM?

07:50 Why does it take an hour?

10:01 What is the Prover Network?

14:15 ASICS for Prover Network?

21:07 System design

24:55 Roll ups remaining optimistic?

26:04 Let a thousand roll ups bloom

28:14 App chains

30:50 Solana ZK?

32:06 Solana target applications?

34:38 Scaling L1 fallacy

37:12 Interoperability

42:21 Beamchain

45:46 Differences in ZKVMs available?

50:17 Why will ZKVMS be profitable?

54:36 BitVM



👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3529 Starkware, ZK, and Bitcoin With Eli Ben-Sasson https://blockspace.media/podcast/starkware-zk-and-bitcoin-with-eli-ben-sasson/ Eli Ben-Sasson, CEO of Starkware, joins The Gwart Show to discuss Ethereum L2s and Bitcoin scaling solutions. We go through rollup controversies, Starkware’s airdrop drama, and how we might actually scale protocols through ZK proofs and STARKs. Lastly, we touch on OP_CAT, which the Starkware team has been pushing behind the scenes. Follow our guest on Twitter: @EliBenSasson 00:00 Start 00:44 Guest introduction 01:25 What is Starkware working on? 03:15 Working on BTC vs ETH 06:27 Why did Bitcoin dev stagnate? 08:44 Chain agnostic 11:52 Why will Validity Rollups win? 14:59 What Starkware is doing differently 18:17 Hardware 20:38 ETH's Rollup roadmap 22:13 Optimistic rollups 25:37 ETH Starknet adoption 31:27 Airdrop fumble 39:48 Would you do the airdrop differently? 42:33 Stark token for gas 45:13 Selling Bitcoiners on Stark token? 47:26 Based Rollups won't work 50:01 Base capturing marketshare 54:51 Is OP_CAT required? 57:00 What if no OP_CAT? 58:57 Why should Bitcoiners care? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 29 Dec 2024 11:00:00 -0000 full Blockspace Media We’re getting STARKpilled. Eli Ben-Sasson, CEO of Starkware, joins The Gwart Show to discuss Ethereum L2s and Bitcoin scaling solutions. We go through rollup controversies, Starkware’s airdrop drama, and how we might actually scale protocols through ZK proofs and STARKs. Lastly, we touch on OP_CAT, which the Starkware team has been pushing behind the scenes. Follow our guest on Twitter: @EliBenSasson 00:00 Start 00:44 Guest introduction 01:25 What is Starkware working on? 03:15 Working on BTC vs ETH 06:27 Why did Bitcoin dev stagnate? 08:44 Chain agnostic 11:52 Why will Validity Rollups win? 14:59 What Starkware is doing differently 18:17 Hardware 20:38 ETH's Rollup roadmap 22:13 Optimistic rollups 25:37 ETH Starknet adoption 31:27 Airdrop fumble 39:48 Would you do the airdrop differently? 42:33 Stark token for gas 45:13 Selling Bitcoiners on Stark token? 47:26 Based Rollups won't work 50:01 Base capturing marketshare 54:51 Is OP_CAT required? 57:00 What if no OP_CAT? 58:57 Why should Bitcoiners care? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Eli Ben-Sasson, CEO of Starkware, joins The Gwart Show to discuss Ethereum L2s and Bitcoin scaling solutions. We go through rollup controversies, Starkware’s airdrop drama, and how we might actually scale protocols through ZK proofs and STARKs. Lastly, we touch on OP_CAT, which the Starkware team has been pushing behind the scenes.



Follow our guest on Twitter: @EliBenSasson


00:00 Start

00:44 Guest introduction

01:25 What is Starkware working on?

03:15 Working on BTC vs ETH

06:27 Why did Bitcoin dev stagnate?

08:44 Chain agnostic

11:52 Why will Validity Rollups win?

14:59 What Starkware is doing differently

18:17 Hardware

20:38 ETH's Rollup roadmap

22:13 Optimistic rollups

25:37 ETH Starknet adoption

31:27 Airdrop fumble

39:48 Would you do the airdrop differently?

42:33 Stark token for gas

45:13 Selling Bitcoiners on Stark token?

47:26 Based Rollups won't work

50:01 Base capturing marketshare

54:51 Is OP_CAT required?

57:00 What if no OP_CAT?

58:57 Why should Bitcoiners care?



👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3749 A Thousand Year Milady Dynasty https://blockspace.media/podcast/a-thousand-year-mlady-dynasty/ Charlotte, creator of Milady NFTs, discusses building a counter-cultural art movement, embracing controversy, fostering community through derivatives, and aiming for "thousand-year dynasty" influence across tech, politics, and culture while rejecting traditional VC-backed NFT models. Follow our guest on Twitter: @CharlotteFang77 00:00 Start 01:01 Who is Charlotte Fang? 01:29 Inspiration for Milady ? 04:39 Art style 10:24 Path to success? 17:43 Community engagement 21:37 Milady Cancel? 25:10 Milady 911 27:08 VC backed NFTs 35:07 Memecoins 37:17 Crypropunks 44:08 Derivatives 51:04 Future of NFTs 57:15 Fidenza 1:02:22 Ordinals 1:05:28 Base 1:08:54 Grand vision 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 22 Dec 2024 12:00:00 -0000 full Blockspace Media Today, we treat you to some Milady content. Charlotte, creator of Milady NFTs, discusses building a counter-cultural art movement, embracing controversy, fostering community through derivatives, and aiming for "thousand-year dynasty" influence across tech, politics, and culture while rejecting traditional VC-backed NFT models. Follow our guest on Twitter: @CharlotteFang77 00:00 Start 01:01 Who is Charlotte Fang? 01:29 Inspiration for Milady ? 04:39 Art style 10:24 Path to success? 17:43 Community engagement 21:37 Milady Cancel? 25:10 Milady 911 27:08 VC backed NFTs 35:07 Memecoins 37:17 Crypropunks 44:08 Derivatives 51:04 Future of NFTs 57:15 Fidenza 1:02:22 Ordinals 1:05:28 Base 1:08:54 Grand vision 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Charlotte, creator of Milady NFTs, discusses building a counter-cultural art movement, embracing controversy, fostering community through derivatives, and aiming for "thousand-year dynasty" influence across tech, politics, and culture while rejecting traditional VC-backed NFT models.


Follow our guest on Twitter: @CharlotteFang77


00:00 Start

01:01 Who is Charlotte Fang?

01:29 Inspiration for Milady ?

04:39 Art style

10:24 Path to success?

17:43 Community engagement

21:37 Milady Cancel?

25:10 Milady 911

27:08 VC backed NFTs

35:07 Memecoins

37:17 Crypropunks

44:08 Derivatives

51:04 Future of NFTs

57:15 Fidenza

1:02:22 Ordinals

1:05:28 Base

1:08:54 Grand vision


👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4587 Outer Circle Meeting Minutes With Jon Charb https://blockspace.media/podcast/ethereum-outer-circle-meeting-minutes/ Welcome back to The Gwart Show! Today we are rejoined by Jon Charb of DBA. A fellow podcaster and SOL bag holder, Gwart digs into Jon’s recent blog post on Ethereum’s future, community alignment, value of ETH, and Bitcoin rollup development. Follow our guest on Twitter: @jon_charb 00:00 Start 00:41 ETH's North Star Blog Post 03:57 Is SOL a true competitor? 05:44 WTF is a settlement layer? 09:35 Main points of North Star post 16:08 Community alignment 19:21 Gas limit increase 22:30 L1 performance increase 25:35 Is the value in the execution? 28:28 TradFi does care about credible neutrality 34:44 L1 blockspace premium 40:35 Does world computer = money? 44:15 Store of value vs utility 48:38 ETH at $1 50:39 Effects of 32 ETH to stake 52:29 Distribution of stake now 57:28 Beamchain 1:02:36 Why would Bitcoin rollups be different? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 15 Dec 2024 14:20:00 -0000 full Blockspace Media Least favored nation Jon Charb rejoins The Gwart Show to discuss his heavy bag bias. Welcome back to The Gwart Show! Today we are rejoined by Jon Charb of DBA. A fellow podcaster and SOL bag holder, Gwart digs into Jon’s recent blog post on Ethereum’s future, community alignment, value of ETH, and Bitcoin rollup development. Follow our guest on Twitter: @jon_charb 00:00 Start 00:41 ETH's North Star Blog Post 03:57 Is SOL a true competitor? 05:44 WTF is a settlement layer? 09:35 Main points of North Star post 16:08 Community alignment 19:21 Gas limit increase 22:30 L1 performance increase 25:35 Is the value in the execution? 28:28 TradFi does care about credible neutrality 34:44 L1 blockspace premium 40:35 Does world computer = money? 44:15 Store of value vs utility 48:38 ETH at $1 50:39 Effects of 32 ETH to stake 52:29 Distribution of stake now 57:28 Beamchain 1:02:36 Why would Bitcoin rollups be different? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today we are rejoined by Jon Charb of DBA. A fellow podcaster and SOL bag holder, Gwart digs into Jon’s recent blog post on Ethereum’s future, community alignment, value of ETH, and Bitcoin rollup development.


Follow our guest on Twitter: @jon_charb


00:00 Start

00:41 ETH's North Star Blog Post

03:57 Is SOL a true competitor?

05:44 WTF is a settlement layer?

09:35 Main points of North Star post

16:08 Community alignment

19:21 Gas limit increase

22:30 L1 performance increase

25:35 Is the value in the execution?

28:28 TradFi does care about credible neutrality

34:44 L1 blockspace premium

40:35 Does world computer = money?

44:15 Store of value vs utility

48:38 ETH at $1

50:39 Effects of 32 ETH to stake

52:29 Distribution of stake now

57:28 Beamchain

1:02:36 Why would Bitcoin rollups be different?



👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3942 Where Max Documents His Betrayal https://blockspace.media/podcast/where-max-documents-his-betrayal/ Max is leaving Ethereum, and we have the details. On this Gwart Show special filmed at Pubkey in NYC, Max and Eugene join Gwart to go through Max’s decision to leave Ethereum dev shop Conensensys in favor of a Solana client which frankly we don’t know how to spell or pronounce. We go through Ethereum’s major problems basically one-by-one in this 1.5 hour show, finishing with a Holiday Special game of ‘cooked or not cooked’ narratives. Follow our guest on Twitter: @MaxResnick1 @0xshittrader 00:00 Start 00:32 Quitting ETH 02:38 Other people quitting? 04:08 Did you always doubt? 06:20 Execution layer 07:51 ETH Foundation blinders 09:51 New role in Solana? 11:42 Leadership in SOL vs ETH 14:10 Launching an L2 on ETH 16:58 Jitter 18:38 More rollups, more problems 21:48 Does SOL end up w/ L2s? 24:54 Solana is a real ETH competitor 26:11 MEV research on SOL 33:32 Is a meme sandwich really a sandwich? 36:06 Does SOL take MEV seriously? 37:37 Cooked or not cooked? 37:47 Intents 41:27 Interoperability 44:27 L2s functionally becoming l1s 46:46 ZK tech 52:21 Allowing innovation is the killer app 55:24 Nodes faster than tradfi 57:55 Ultrasound money... LOL 1:05:40 MEV kings will be Citadel 1:08:04 Forcing tradfi to play our game 1:09:50 Bitcoin cooked? 1:10:40 Memcoins cooked? 1:12:26 Depin cooked? 1:13:51 Prediction markets cooked? 1:18:06 Hype cooked? 1:20:10 Time boost cooked? 1:24:28 Futarchy cooked? 1:31:06 Future of Solana 1:33:02 Is Solana gonna win 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 10 Dec 2024 13:39:00 -0000 full Blockspace Media Our favored guest Max Resnick has left his Ethereum brethren for the SQL chain, Solana. We dig into why. Max is leaving Ethereum, and we have the details. On this Gwart Show special filmed at Pubkey in NYC, Max and Eugene join Gwart to go through Max’s decision to leave Ethereum dev shop Conensensys in favor of a Solana client which frankly we don’t know how to spell or pronounce. We go through Ethereum’s major problems basically one-by-one in this 1.5 hour show, finishing with a Holiday Special game of ‘cooked or not cooked’ narratives. Follow our guest on Twitter: @MaxResnick1 @0xshittrader 00:00 Start 00:32 Quitting ETH 02:38 Other people quitting? 04:08 Did you always doubt? 06:20 Execution layer 07:51 ETH Foundation blinders 09:51 New role in Solana? 11:42 Leadership in SOL vs ETH 14:10 Launching an L2 on ETH 16:58 Jitter 18:38 More rollups, more problems 21:48 Does SOL end up w/ L2s? 24:54 Solana is a real ETH competitor 26:11 MEV research on SOL 33:32 Is a meme sandwich really a sandwich? 36:06 Does SOL take MEV seriously? 37:37 Cooked or not cooked? 37:47 Intents 41:27 Interoperability 44:27 L2s functionally becoming l1s 46:46 ZK tech 52:21 Allowing innovation is the killer app 55:24 Nodes faster than tradfi 57:55 Ultrasound money... LOL 1:05:40 MEV kings will be Citadel 1:08:04 Forcing tradfi to play our game 1:09:50 Bitcoin cooked? 1:10:40 Memcoins cooked? 1:12:26 Depin cooked? 1:13:51 Prediction markets cooked? 1:18:06 Hype cooked? 1:20:10 Time boost cooked? 1:24:28 Futarchy cooked? 1:31:06 Future of Solana 1:33:02 Is Solana gonna win 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Max is leaving Ethereum, and we have the details. On this Gwart Show special filmed at Pubkey in NYC, Max and Eugene join Gwart to go through Max’s decision to leave Ethereum dev shop Conensensys in favor of a Solana client which frankly we don’t know how to spell or pronounce. We go through Ethereum’s major problems basically one-by-one in this 1.5 hour show, finishing with a Holiday Special game of ‘cooked or not cooked’ narratives.


Follow our guest on Twitter: @MaxResnick1 @0xshittrader


00:00 Start

00:32 Quitting ETH

02:38 Other people quitting?

04:08 Did you always doubt?

06:20 Execution layer

07:51 ETH Foundation blinders

09:51 New role in Solana?

11:42 Leadership in SOL vs ETH

14:10 Launching an L2 on ETH

16:58 Jitter

18:38 More rollups, more problems

21:48 Does SOL end up w/ L2s?

24:54 Solana is a real ETH competitor

26:11 MEV research on SOL

33:32 Is a meme sandwich really a sandwich?

36:06 Does SOL take MEV seriously?

37:37 Cooked or not cooked?

37:47 Intents

41:27 Interoperability

44:27 L2s functionally becoming l1s

46:46 ZK tech

52:21 Allowing innovation is the killer app

55:24 Nodes faster than tradfi

57:55 Ultrasound money... LOL

1:05:40 MEV kings will be Citadel

1:08:04 Forcing tradfi to play our game

1:09:50 Bitcoin cooked?

1:10:40 Memcoins cooked?

1:12:26 Depin cooked?

1:13:51 Prediction markets cooked?

1:18:06 Hype cooked?

1:20:10 Time boost cooked?

1:24:28 Futarchy cooked?

1:31:06 Future of Solana

1:33:02 Is Solana gonna win


👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5791 Beam Me Up! With Justin Drake https://blockspace.media/podcast/beam-me-up-with-justin-drake/ Justin Drake joins us as the dust settles on his ‘Beam Chain’ pivot (?) for Ethereum. Justin Drake of the Ethereum Foundation joins The Gwart Show! We discuss his Beam Chain proposal, covering improvements in block production, staking mechanics, and cryptography. He explains the path toward more efficient validation and the future of Layer 2 scaling solutions. Follow our guest on Twitter: @drakefjustin Timestamps: 00:00 Start 00:57 Beam chain 05:36 Beam Chain highlights 11:19 What is the Bean Chain meme? 13:06 Speculation about Beam Chain 17:22 Pre-confs require capital centralization? 19:53 Temporary trusted relay 20:32 Inclusion vs execution pre-confs 25:44 Changing ETH issuance, again? 28:08 Centralized validator set? 30:16 Cost of capital wins? 34:40 Base rollups 39:50 Base rollups are App Chains? 44:19 Merge mistakes 49:15 Was PBS a mistake? 52:25 Legitimate criticism 58:17 Building on L1 vs L2 1:00:41 Decentralized stablecoins 1:03:05 Restaking 1:04:59 Exciting use cases? 1:06:56 Don't care about DeFi? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 08 Dec 2024 11:00:00 -0000 full Blockspace Media Justin Drake joins us as the dust settles on his ‘Beam Chain’ pivot (?) for Ethereum. Justin Drake of the Ethereum Foundation joins The Gwart Show! We discuss his Beam Chain proposal, covering improvements in block production, staking mechanics, and cryptography. He explains the path toward more efficient validation and the future of Layer 2 scaling solutions. Follow our guest on Twitter: @drakefjustin Timestamps: 00:00 Start 00:57 Beam chain 05:36 Beam Chain highlights 11:19 What is the Bean Chain meme? 13:06 Speculation about Beam Chain 17:22 Pre-confs require capital centralization? 19:53 Temporary trusted relay 20:32 Inclusion vs execution pre-confs 25:44 Changing ETH issuance, again? 28:08 Centralized validator set? 30:16 Cost of capital wins? 34:40 Base rollups 39:50 Base rollups are App Chains? 44:19 Merge mistakes 49:15 Was PBS a mistake? 52:25 Legitimate criticism 58:17 Building on L1 vs L2 1:00:41 Decentralized stablecoins 1:03:05 Restaking 1:04:59 Exciting use cases? 1:06:56 Don't care about DeFi? 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Justin Drake joins us as the dust settles on his ‘Beam Chain’ pivot (?) for Ethereum.


Justin Drake of the Ethereum Foundation joins The Gwart Show! We discuss his Beam Chain proposal, covering improvements in block production, staking mechanics, and cryptography. He explains the path toward more efficient validation and the future of Layer 2 scaling solutions.


Follow our guest on Twitter: @drakefjustin


Timestamps:


00:00 Start

00:57 Beam chain

05:36 Beam Chain highlights

11:19 What is the Bean Chain meme?

13:06 Speculation about Beam Chain

17:22 Pre-confs require capital centralization?

19:53 Temporary trusted relay

20:32 Inclusion vs execution pre-confs

25:44 Changing ETH issuance, again?

28:08 Centralized validator set?

30:16 Cost of capital wins?

34:40 Base rollups

39:50 Base rollups are App Chains?

44:19 Merge mistakes

49:15 Was PBS a mistake?

52:25 Legitimate criticism

58:17 Building on L1 vs L2

1:00:41 Decentralized stablecoins

1:03:05 Restaking

1:04:59 Exciting use cases?

1:06:56 Don't care about DeFi?


👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4116 TOOL, Or How To Get 1 Second Confs On Ethereum https://blockspace.media/podcast/tool-or-how-to-get-1-second-confs-on-ethereum/ Can we get Ethereum without tradeoffs? Probably not but we’re gonna try. This week we’re joined by MEV searcher and developer 0xprincess to discuss “trustless order flow operations layers,” or how 1-second block times with no protocol changes or L2s can happen today. Later on we get into Wintermute, Flashbots and chain order flow. Follow our guest on Twitter: @0x9212ce55 Timestamps: 00:00 Start 00:47 Who is 0xPrincess? 03:52 How does T.O.O.L. work? 05:30 Designing TOOL 07:41 Trusted execution environments 11:05 We'll decentralize it soon(TM) 15:50 Network participants 18:24 Validator load 21:02 TOOL reduces ETH block times 26:23 TOOL v pre-confirmation 28:55 Wintermute & Flashbots 34:54 Bye bye builder? 38:25 Off chain order flow 41:46 Private order flow, obvious in hindsight? 45:45 Can't get rid of monopolies? 50:01 ETH protocol development 55:08 L2s 58:58 MAKE THE L1 GREAT AGAIN! 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 01 Dec 2024 11:00:00 -0000 full Blockspace Media Time for more Ethereum infra talk. Can we get Ethereum without tradeoffs? Probably not but we’re gonna try. This week we’re joined by MEV searcher and developer 0xprincess to discuss “trustless order flow operations layers,” or how 1-second block times with no protocol changes or L2s can happen today. Later on we get into Wintermute, Flashbots and chain order flow. Follow our guest on Twitter: @0x9212ce55 Timestamps: 00:00 Start 00:47 Who is 0xPrincess? 03:52 How does T.O.O.L. work? 05:30 Designing TOOL 07:41 Trusted execution environments 11:05 We'll decentralize it soon(TM) 15:50 Network participants 18:24 Validator load 21:02 TOOL reduces ETH block times 26:23 TOOL v pre-confirmation 28:55 Wintermute & Flashbots 34:54 Bye bye builder? 38:25 Off chain order flow 41:46 Private order flow, obvious in hindsight? 45:45 Can't get rid of monopolies? 50:01 ETH protocol development 55:08 L2s 58:58 MAKE THE L1 GREAT AGAIN! 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Can we get Ethereum without tradeoffs? Probably not but we’re gonna try. This week we’re joined by MEV searcher and developer 0xprincess to discuss “trustless order flow operations layers,” or how 1-second block times with no protocol changes or L2s can happen today. Later on we get into Wintermute, Flashbots and chain order flow.


Follow our guest on Twitter: @0x9212ce55


Timestamps:


00:00 Start

00:47 Who is 0xPrincess?

03:52 How does T.O.O.L. work?

05:30 Designing TOOL

07:41 Trusted execution environments

11:05 We'll decentralize it soon(TM)

15:50 Network participants

18:24 Validator load

21:02 TOOL reduces ETH block times

26:23 TOOL v pre-confirmation

28:55 Wintermute & Flashbots

34:54 Bye bye builder?

38:25 Off chain order flow

41:46 Private order flow, obvious in hindsight?

45:45 Can't get rid of monopolies?

50:01 ETH protocol development

55:08 L2s

58:58 MAKE THE L1 GREAT AGAIN!


👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3805 A Show On Crypto Regulation https://blockspace.media/podcast/a-show-on-crypto-regulation/ Rebecca Rettig, Chief Legal Officer at Polygon Labs, joins The Gwart show to discuss crypto regulation, the future of DeFi, stablecoins, and the impact of upcoming elections on crypto policy. Deep insights into regulatory challenges and opportunities in the evolving crypto landscape. Note this show was recorded before the election occurred! Follow our guest on Twitter: @RebeccaRettig1 Timestamps: 00:00 Start 00:50 Rebecca's bio 01:38 Appearing in Congress 05:06 Language matters 07:17 What the "people" want 09:28 Talking to representatives 10:32 What has been the biggest failure? 12:44 What regulation would be good? 16:21 The role of tokens 20:27 KYC & tokens 22:17 Stablecoins 24:04 Using stablecoins 26:16 Stablecoin in US future? 28:13 What have we done wrong? 29:58 Do you actually NEED a token? 33:22 Vampire attack on fiat 34:41 What's Gensler's deal? 36:00 Uniswap fees 38:44 Validators & OFAC 40:04 Politics 45:49 Memecoins 49:19 Line in the sand 50:39 Privacy 52:37 Predictions 53:45 Banks gonna crush 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 17 Nov 2024 11:00:00 -0000 full Blockspace Media We got to hit all the bases so this week we’re talking about regulation. And last week we talked about on-chain alcohol markets. Rebecca Rettig, Chief Legal Officer at Polygon Labs, joins The Gwart show to discuss crypto regulation, the future of DeFi, stablecoins, and the impact of upcoming elections on crypto policy. Deep insights into regulatory challenges and opportunities in the evolving crypto landscape. Note this show was recorded before the election occurred! Follow our guest on Twitter: @RebeccaRettig1 Timestamps: 00:00 Start 00:50 Rebecca's bio 01:38 Appearing in Congress 05:06 Language matters 07:17 What the "people" want 09:28 Talking to representatives 10:32 What has been the biggest failure? 12:44 What regulation would be good? 16:21 The role of tokens 20:27 KYC & tokens 22:17 Stablecoins 24:04 Using stablecoins 26:16 Stablecoin in US future? 28:13 What have we done wrong? 29:58 Do you actually NEED a token? 33:22 Vampire attack on fiat 34:41 What's Gensler's deal? 36:00 Uniswap fees 38:44 Validators & OFAC 40:04 Politics 45:49 Memecoins 49:19 Line in the sand 50:39 Privacy 52:37 Predictions 53:45 Banks gonna crush 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Rebecca Rettig, Chief Legal Officer at Polygon Labs, joins The Gwart show to discuss crypto regulation, the future of DeFi, stablecoins, and the impact of upcoming elections on crypto policy. Deep insights into regulatory challenges and opportunities in the evolving crypto landscape. Note this show was recorded before the election occurred!


Follow our guest on Twitter: @RebeccaRettig1


Timestamps:

00:00 Start

00:50 Rebecca's bio

01:38 Appearing in Congress

05:06 Language matters

07:17 What the "people" want

09:28 Talking to representatives

10:32 What has been the biggest failure?

12:44 What regulation would be good?

16:21 The role of tokens

20:27 KYC & tokens

22:17 Stablecoins

24:04 Using stablecoins

26:16 Stablecoin in US future?

28:13 What have we done wrong?

29:58 Do you actually NEED a token?

33:22 Vampire attack on fiat

34:41 What's Gensler's deal?

36:00 Uniswap fees

38:44 Validators & OFAC

40:04 Politics

45:49 Memecoins

49:19 Line in the sand

50:39 Privacy

52:37 Predictions

53:45 Banks gonna crush


👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3354 Whiskey: does it need to be on the blockchain? https://blockspace.media/podcast/3613-2/ Spirits on the blockchain? We’re joined by a digital marketplace for Whiskey, BAXUS, to get a better understanding of RWAs.  Follow our guest on Twitter: @BAXUSco @web4o Timestamps: 00:00 Start 01:27 Baxus background 03:20 Whisky quality level 07:19 Creating Baxus 11:28 How does Baxus work? 12:54 KYC 17:48 Low end whisky market 22:23 Whisky fandom 23:53 The oracle problem 26:52 Why does this need a blockchain? 32:05 Brick and mortar locations 33:27 UI & blockchain 34:10 Crypto users vs normies 38:34 Web 3 future? 40:25 Blockchain as trusted ledger 44:55 Trend toward high value assets 47:00 User arbitraging the assets 48:41 Wouldn't makers just go to Baxus not stores? 49:21 Distributors & regulations 51:37 Opting out of legacy systems 54:58 Investing in bottles 59:17 Whisky as store of value 1:04:42 Subject theory of value 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 10 Nov 2024 11:00:00 -0000 full Blockspace Media Gwart continues his adventure into the blockchain’s purpose. Spirits on the blockchain? We’re joined by a digital marketplace for Whiskey, BAXUS, to get a better understanding of RWAs.  Follow our guest on Twitter: @BAXUSco @web4o Timestamps: 00:00 Start 01:27 Baxus background 03:20 Whisky quality level 07:19 Creating Baxus 11:28 How does Baxus work? 12:54 KYC 17:48 Low end whisky market 22:23 Whisky fandom 23:53 The oracle problem 26:52 Why does this need a blockchain? 32:05 Brick and mortar locations 33:27 UI & blockchain 34:10 Crypto users vs normies 38:34 Web 3 future? 40:25 Blockchain as trusted ledger 44:55 Trend toward high value assets 47:00 User arbitraging the assets 48:41 Wouldn't makers just go to Baxus not stores? 49:21 Distributors & regulations 51:37 Opting out of legacy systems 54:58 Investing in bottles 59:17 Whisky as store of value 1:04:42 Subject theory of value 👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Spirits on the blockchain? We’re joined by a digital marketplace for Whiskey, BAXUS, to get a better understanding of RWAs. 


Follow our guest on Twitter: @BAXUSco @web4o

Timestamps:


00:00 Start

01:27 Baxus background

03:20 Whisky quality level

07:19 Creating Baxus

11:28 How does Baxus work?

12:54 KYC

17:48 Low end whisky market

22:23 Whisky fandom

23:53 The oracle problem

26:52 Why does this need a blockchain?

32:05 Brick and mortar locations

33:27 UI & blockchain

34:10 Crypto users vs normies

38:34 Web 3 future?

40:25 Blockchain as trusted ledger

44:55 Trend toward high value assets

47:00 User arbitraging the assets

48:41 Wouldn't makers just go to Baxus not stores?

49:21 Distributors & regulations

51:37 Opting out of legacy systems

54:58 Investing in bottles

59:17 Whisky as store of value

1:04:42 Subject theory of value


👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4311 Mechanism Design With Elijah https://blockspace.media/podcast/mechanism-design-with-elijah/ Elijah, protocol designer at DeFi exchange Neutron, joins The Gwart Show! We get pretty deep into some tech topics on Ethereum like decentralizing oracles and AMM designs so be sure to bring a notepad. Follow our guest on Twitter: @PossibltyResult Timestamps: 00:00 Start 00:42 Elijah background 01:25 Multiple concurrent proposers 05:03 App integration 09:31 Hyperliguid 12:10 Opinionated blockspace 17:27 MCP risks 21:27 ETH's goals? 29:56 Is DeFi just FinTech 2.0? 35:33 Future of AMMs 40:56 Long tail assets 47:07 How dumb is restaking? 58:52 ETH vs BTC 1:03:41 The ETH vision 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 03 Nov 2024 12:00:00 -0000 full Blockspace Media After our tireless efforts kicking around ETH’s value, we decided to take a quick break and talk about mechanism design. Elijah, protocol designer at DeFi exchange Neutron, joins The Gwart Show! We get pretty deep into some tech topics on Ethereum like decentralizing oracles and AMM designs so be sure to bring a notepad. Follow our guest on Twitter: @PossibltyResult Timestamps: 00:00 Start 00:42 Elijah background 01:25 Multiple concurrent proposers 05:03 App integration 09:31 Hyperliguid 12:10 Opinionated blockspace 17:27 MCP risks 21:27 ETH's goals? 29:56 Is DeFi just FinTech 2.0? 35:33 Future of AMMs 40:56 Long tail assets 47:07 How dumb is restaking? 58:52 ETH vs BTC 1:03:41 The ETH vision 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Learn more about your ad choices. Visit megaphone.fm/adchoices Elijah, protocol designer at DeFi exchange Neutron, joins The Gwart Show! We get pretty deep into some tech topics on Ethereum like decentralizing oracles and AMM designs so be sure to bring a notepad.


Follow our guest on Twitter: @PossibltyResult


Timestamps:


00:00 Start

00:42 Elijah background

01:25 Multiple concurrent proposers

05:03 App integration

09:31 Hyperliguid

12:10 Opinionated blockspace

17:27 MCP risks

21:27 ETH's goals?

29:56 Is DeFi just FinTech 2.0?

35:33 Future of AMMs

40:56 Long tail assets

47:07 How dumb is restaking?

58:52 ETH vs BTC

1:03:41 The ETH vision


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4526 Hard And Soft Power In Ethereum With James Prestwich https://blockspace.media/podcast/hard-and-soft-power-in-ethereum-with-james-prestwich/ Welcome back to the Gwart Show! Today we are joined by James Prestwich, a OG Ethereum engineer and leader of @init4tech, an Ethereum research group. On the show, we dive back into Ethereum’s plight, beginning with the fundamentals. We start with a review of Ethereum’s origins, James’ mental model for ETH, why PBS is broken (and was from the start), if Rollups work and how we skipped sharding, Vitalik and more Vitalik, and what Solana really means for Ethereum. Follow our guest on Twitter: @_prestwich Timestamps: 00:00 Start 00:50 Jame's bio 02:30 ETH's evolution 06:08 Mental models for ETH 08:40 How's ETH doing these days? 13:05 Current Roll Up sequencers 14:42 Other sequencer models 20:48 Fixing PBS 24:38 Not addressing known problems 28:54 Current roll up landscape 31:54 Macro & crypto 32:48 Future of roll ups 35:01 Real world impact 40:22 Goals for ETH 42:37 Consensus for ETH 46:32 Vitalik 's bad decisions 48:48 Vitalik from a tech perspective 51:47 Hard & soft power in ETH ecosystem 54:16 SOL vs ETH 56:28 If SOL is better rails, what should ETH do? 58:35 What are you optimistic about? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 27 Oct 2024 13:03:19 -0000 full Blockspace Media We continue our attack on the social layer. Welcome back to the Gwart Show! Today we are joined by James Prestwich, a OG Ethereum engineer and leader of @init4tech, an Ethereum research group. On the show, we dive back into Ethereum’s plight, beginning with the fundamentals. We start with a review of Ethereum’s origins, James’ mental model for ETH, why PBS is broken (and was from the start), if Rollups work and how we skipped sharding, Vitalik and more Vitalik, and what Solana really means for Ethereum. Follow our guest on Twitter: @_prestwich Timestamps: 00:00 Start 00:50 Jame's bio 02:30 ETH's evolution 06:08 Mental models for ETH 08:40 How's ETH doing these days? 13:05 Current Roll Up sequencers 14:42 Other sequencer models 20:48 Fixing PBS 24:38 Not addressing known problems 28:54 Current roll up landscape 31:54 Macro & crypto 32:48 Future of roll ups 35:01 Real world impact 40:22 Goals for ETH 42:37 Consensus for ETH 46:32 Vitalik 's bad decisions 48:48 Vitalik from a tech perspective 51:47 Hard & soft power in ETH ecosystem 54:16 SOL vs ETH 56:28 If SOL is better rails, what should ETH do? 58:35 What are you optimistic about? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to the Gwart Show! Today we are joined by James Prestwich, a OG Ethereum engineer and leader of @init4tech, an Ethereum research group. On the show, we dive back into Ethereum’s plight, beginning with the fundamentals. We start with a review of Ethereum’s origins, James’ mental model for ETH, why PBS is broken (and was from the start), if Rollups work and how we skipped sharding, Vitalik and more Vitalik, and what Solana really means for Ethereum.


Follow our guest on Twitter: @_prestwich


Timestamps:


00:00 Start

00:50 Jame's bio

02:30 ETH's evolution

06:08 Mental models for ETH

08:40 How's ETH doing these days?

13:05 Current Roll Up sequencers

14:42 Other sequencer models

20:48 Fixing PBS

24:38 Not addressing known problems

28:54 Current roll up landscape

31:54 Macro & crypto

32:48 Future of roll ups

35:01 Real world impact

40:22 Goals for ETH

42:37 Consensus for ETH

46:32 Vitalik 's bad decisions

48:48 Vitalik from a tech perspective

51:47 Hard & soft power in ETH ecosystem

54:16 SOL vs ETH

56:28 If SOL is better rails, what should ETH do?

58:35 What are you optimistic about?


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3729 Sequencing and Layers With Thogard Welcome back to the Gwart Show! Today we are joined by Alex Watts, CEO and co-founder of Fastlane Labs. They discuss MEV, Ethereum's challenges, and UX. He explores the tensions between DeFi and traditional finance, the potential risks of stablecoins, and the need for crypto to focus on real-world outcomes beyond just decentralization. Follow our guest on Twitter: @ThogardPvP Timestamps: 00:00 Start 00:57 Alex's background 01:35 Becoming a Seeker 03:13 MEV opportunities 04:56 Fastlane 06:36 Polygon sidecar? 09:36 MEV extraction 12:01 Composability 17:15 App Specific Sequencing on Solana 22:41 End of the PBS experiment 27:28 Fixing PBS 29:50 Multiple concurrent proposers 33:56 Effects of MPC 39:59 ETH l1 fees 43:37 Future of ETH L1 45:30 ETH as money 50:21 Are l2s parasitic? 52:33 ETH & hard truths 56:31 Valuing blockchains based on MEV 1:04:05 Validators: more than construct blocks 1:05:34 Institutionalization of validators 1:09:28 Future of blockchain activity 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 20 Oct 2024 15:33:35 -0000 full Blockspace Media We’re going back into the MEV trenches with a homespun trade shop, Fastlane. Welcome back to the Gwart Show! Today we are joined by Alex Watts, CEO and co-founder of Fastlane Labs. They discuss MEV, Ethereum's challenges, and UX. He explores the tensions between DeFi and traditional finance, the potential risks of stablecoins, and the need for crypto to focus on real-world outcomes beyond just decentralization. Follow our guest on Twitter: @ThogardPvP Timestamps: 00:00 Start 00:57 Alex's background 01:35 Becoming a Seeker 03:13 MEV opportunities 04:56 Fastlane 06:36 Polygon sidecar? 09:36 MEV extraction 12:01 Composability 17:15 App Specific Sequencing on Solana 22:41 End of the PBS experiment 27:28 Fixing PBS 29:50 Multiple concurrent proposers 33:56 Effects of MPC 39:59 ETH l1 fees 43:37 Future of ETH L1 45:30 ETH as money 50:21 Are l2s parasitic? 52:33 ETH & hard truths 56:31 Valuing blockchains based on MEV 1:04:05 Validators: more than construct blocks 1:05:34 Institutionalization of validators 1:09:28 Future of blockchain activity 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to the Gwart Show! Today we are joined by Alex Watts, CEO and co-founder of Fastlane Labs. They discuss MEV, Ethereum's challenges, and UX. He explores the tensions between DeFi and traditional finance, the potential risks of stablecoins, and the need for crypto to focus on real-world outcomes beyond just decentralization.


Follow our guest on Twitter: @ThogardPvP


Timestamps:


00:00 Start

00:57 Alex's background

01:35 Becoming a Seeker

03:13 MEV opportunities

04:56 Fastlane

06:36 Polygon sidecar?

09:36 MEV extraction

12:01 Composability

17:15 App Specific Sequencing on Solana

22:41 End of the PBS experiment

27:28 Fixing PBS

29:50 Multiple concurrent proposers

33:56 Effects of MPC

39:59 ETH l1 fees

43:37 Future of ETH L1

45:30 ETH as money

50:21 Are l2s parasitic?

52:33 ETH & hard truths

56:31 Valuing blockchains based on MEV

1:04:05 Validators: more than construct blocks

1:05:34 Institutionalization of validators

1:09:28 Future of blockchain activity


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4652 Ethereum’s North Star With Mike Neuder https://blockspace.media/podcast/ethereums-north-star-with-mike-neuder/ We’re rejoined by Mike Neuder, Ethereum researcher and general student of all things crypto-economics, to discuss the future of his bags, AKA Ethereum. We pick up on the conversation a lot of Twitter is having regarding Ethereum’s fraught future. Is it worth the marketcap? Can Solana flippen it? Is the FUD legit? We discuss on this week’s Gwart Show! Follow our guest on Twitter: @mikeneuder CHAPTERS 00:00 Start 01:01 ETH vibe check 05:43 Vibes at ETH Foundation 09:56 Make the L1 great again! 12:57 Are roll-ups parasitic? 17:58 Is Solana eating ETh's lunch? 21:20 ETh as money vs utility token 27:12 Is "store of value" important? 34:21 Is staked ETH money? 37:40 Is ETH's blockcpace "Premium"? 49:13 ETH security budget decline 1:05:25 ETH's monopoly on smart contract blockspace is slipping 1:12:28 Unichain, what's that? 1:16:45 Vitalik "Unichain makes no sense" 1:21:34 Is Unichain good or bad for ETH? 1:27:04 MEV 1:32:34 Relay vs EPBS system 1:35:35 Private order flow 1:39:39 Collusion to sidestep PBS 1:41:54 What's wrong w/ builders & validators colluding? 1:46:30 The advantage of unstaked ETH 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 15 Oct 2024 10:00:00 -0000 full Blockspace Media The world computer is facing a blue screen of death. Mike might have a way out. We’re rejoined by Mike Neuder, Ethereum researcher and general student of all things crypto-economics, to discuss the future of his bags, AKA Ethereum. We pick up on the conversation a lot of Twitter is having regarding Ethereum’s fraught future. Is it worth the marketcap? Can Solana flippen it? Is the FUD legit? We discuss on this week’s Gwart Show! Follow our guest on Twitter: @mikeneuder CHAPTERS 00:00 Start 01:01 ETH vibe check 05:43 Vibes at ETH Foundation 09:56 Make the L1 great again! 12:57 Are roll-ups parasitic? 17:58 Is Solana eating ETh's lunch? 21:20 ETh as money vs utility token 27:12 Is "store of value" important? 34:21 Is staked ETH money? 37:40 Is ETH's blockcpace "Premium"? 49:13 ETH security budget decline 1:05:25 ETH's monopoly on smart contract blockspace is slipping 1:12:28 Unichain, what's that? 1:16:45 Vitalik "Unichain makes no sense" 1:21:34 Is Unichain good or bad for ETH? 1:27:04 MEV 1:32:34 Relay vs EPBS system 1:35:35 Private order flow 1:39:39 Collusion to sidestep PBS 1:41:54 What's wrong w/ builders & validators colluding? 1:46:30 The advantage of unstaked ETH 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices We’re rejoined by Mike Neuder, Ethereum researcher and general student of all things crypto-economics, to discuss the future of his bags, AKA Ethereum. We pick up on the conversation a lot of Twitter is having regarding Ethereum’s fraught future. Is it worth the marketcap? Can Solana flippen it? Is the FUD legit? We discuss on this week’s Gwart Show!


Follow our guest on Twitter: @mikeneuder



CHAPTERS

00:00 Start

01:01 ETH vibe check

05:43 Vibes at ETH Foundation

09:56 Make the L1 great again!

12:57 Are roll-ups parasitic?

17:58 Is Solana eating ETh's lunch?

21:20 ETh as money vs utility token

27:12 Is "store of value" important?

34:21 Is staked ETH money?

37:40 Is ETH's blockcpace "Premium"?

49:13 ETH security budget decline

1:05:25 ETH's monopoly on smart contract blockspace is slipping

1:12:28 Unichain, what's that?

1:16:45 Vitalik "Unichain makes no sense"

1:21:34 Is Unichain good or bad for ETH?

1:27:04 MEV

1:32:34 Relay vs EPBS system

1:35:35 Private order flow

1:39:39 Collusion to sidestep PBS

1:41:54 What's wrong w/ builders & validators colluding?

1:46:30 The advantage of unstaked ETH



👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 6701 Reasoning By Analogy With Kyle Samani https://blockspace.media/podcast/reasoning-by-analogy-with-kyle-samani-multicoin-solana/ Kyle Samani of Multicoin Capital–a fund well known for its Solana bags and focus on DePIN–joins The Gwart Show! Today, we discuss Solana's potential to overtake Ethereum, the future of DeFi, token economics, and the emerging DePIN sector. We have some hot takes on Ethereum as a failed project, ultrasound money, etc. Also we talk about moats for dapps, wallets and infra (always infra…) Follow our guest on Twitter: @KyleSamani @multicoincap 00:00 Start 00:53 Breakpoint & Token impressions 08:27 Bitcoin is nonsense 10:12 Debt vs commodity money 12:55 SOL / ETH flippening 19:47 Arguments for ETH 27:06 Valuing base on MEV 33:50 NASDAQ on-chain 34:38 Tokenized equities 38:34 Future of ETH 42:28 Ultrasound money meme 48:17 Deflow, wallets & order flow 52:56 Order flow and centralization 1:02:57 SVM building L2s 1:07:50 DePINs - Decentralized physical infrastructure networks 1:13:50 Target prices of SOL/ETH flip 1:21:56 Are there any moats for apps? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 08 Oct 2024 12:00:00 -0000 full Blockspace Media Chief FUD Officer Kyle Samani joins The Gwart Show to … well you know. Kyle Samani of Multicoin Capital–a fund well known for its Solana bags and focus on DePIN–joins The Gwart Show! Today, we discuss Solana's potential to overtake Ethereum, the future of DeFi, token economics, and the emerging DePIN sector. We have some hot takes on Ethereum as a failed project, ultrasound money, etc. Also we talk about moats for dapps, wallets and infra (always infra…) Follow our guest on Twitter: @KyleSamani @multicoincap 00:00 Start 00:53 Breakpoint & Token impressions 08:27 Bitcoin is nonsense 10:12 Debt vs commodity money 12:55 SOL / ETH flippening 19:47 Arguments for ETH 27:06 Valuing base on MEV 33:50 NASDAQ on-chain 34:38 Tokenized equities 38:34 Future of ETH 42:28 Ultrasound money meme 48:17 Deflow, wallets & order flow 52:56 Order flow and centralization 1:02:57 SVM building L2s 1:07:50 DePINs - Decentralized physical infrastructure networks 1:13:50 Target prices of SOL/ETH flip 1:21:56 Are there any moats for apps? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Kyle Samani of Multicoin Capital–a fund well known for its Solana bags and focus on DePIN–joins The Gwart Show! Today, we discuss Solana's potential to overtake Ethereum, the future of DeFi, token economics, and the emerging DePIN sector. We have some hot takes on Ethereum as a failed project, ultrasound money, etc. Also we talk about moats for dapps, wallets and infra (always infra…)


Follow our guest on Twitter: @KyleSamani @multicoincap


00:00 Start

00:53 Breakpoint & Token impressions

08:27 Bitcoin is nonsense

10:12 Debt vs commodity money

12:55 SOL / ETH flippening

19:47 Arguments for ETH

27:06 Valuing base on MEV

33:50 NASDAQ on-chain

34:38 Tokenized equities

38:34 Future of ETH

42:28 Ultrasound money meme

48:17 Deflow, wallets & order flow

52:56 Order flow and centralization

1:02:57 SVM building L2s

1:07:50 DePINs - Decentralized physical infrastructure networks

1:13:50 Target prices of SOL/ETH flip

1:21:56 Are there any moats for apps?


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5116 Programming Pet Rocks With Alpen Labs https://blockspace.media/podcast/programming-pet-rocks-with-alpin-labs-bitcoin-layer/ Welcome back to The Gwart Show!In today’s episode we are joined by the Alpen Labs team, a group of ZK dreamers working on SNARK-based verification of a second layer on top of Bitcoin. We hit all the big topics, like the current state of BitVM bridging, thoughts on sequencers, building a moat, Coinbase launching cBTC and EVM compatibility! Follow our guest on Twitter: @david_seroy @simanta_gautam 00:00 Start 00:31 Intro 01:20 Current projects 02:13 Applications on Bitcoin 04:16 Bictoin L2 landscape 10:36 Current state of BitVM bridges 14:35 Learnings from EVM 19:12 Bitcoin sequencers 23:54 Unilateral exit 31:31 Data availability 35:41 Walled garden L2's 41:28 Aplen's edge in the market? 46:16 Privacy 49:51 The wider L2 landscape 58:25 Roll-up tokens 1:01:11 Sequencer fees 1:03:13 Coinbase launching wrapped BTC 1:08:27 EVM compatibility 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 29 Sep 2024 13:37:40 -0000 full Blockspace Media Can Bitcoin be more than the 21 million hodl meme? Sims Gautam and David Seroy of Alpen Labs think yes. Welcome back to The Gwart Show!In today’s episode we are joined by the Alpen Labs team, a group of ZK dreamers working on SNARK-based verification of a second layer on top of Bitcoin. We hit all the big topics, like the current state of BitVM bridging, thoughts on sequencers, building a moat, Coinbase launching cBTC and EVM compatibility! Follow our guest on Twitter: @david_seroy @simanta_gautam 00:00 Start 00:31 Intro 01:20 Current projects 02:13 Applications on Bitcoin 04:16 Bictoin L2 landscape 10:36 Current state of BitVM bridges 14:35 Learnings from EVM 19:12 Bitcoin sequencers 23:54 Unilateral exit 31:31 Data availability 35:41 Walled garden L2's 41:28 Aplen's edge in the market? 46:16 Privacy 49:51 The wider L2 landscape 58:25 Roll-up tokens 1:01:11 Sequencer fees 1:03:13 Coinbase launching wrapped BTC 1:08:27 EVM compatibility 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show!In today’s episode we are joined by the Alpen Labs team, a group of ZK dreamers working on SNARK-based verification of a second layer on top of Bitcoin. We hit all the big topics, like the current state of BitVM bridging, thoughts on sequencers, building a moat, Coinbase launching cBTC and EVM compatibility!


Follow our guest on Twitter: @david_seroy @simanta_gautam


00:00 Start

00:31 Intro

01:20 Current projects

02:13 Applications on Bitcoin

04:16 Bictoin L2 landscape

10:36 Current state of BitVM bridges

14:35 Learnings from EVM

19:12 Bitcoin sequencers

23:54 Unilateral exit

31:31 Data availability

35:41 Walled garden L2's

41:28 Aplen's edge in the market?

46:16 Privacy

49:51 The wider L2 landscape

58:25 Roll-up tokens

1:01:11 Sequencer fees

1:03:13 Coinbase launching wrapped BTC

1:08:27 EVM compatibility


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4225 Adam Cochran: The Everything Expert https://blockspace.media/podcast/adam-cochran-the-everything-expert/ Adam Cochran–a familiar profil pic to anyone on crypto twitter-joins The Gwart Show! They tackle Ethereum's roadmap, DeFi’s PMF, TradFi boys joining the party and regulatory & political challenges. At the end, we get a nice pitch on why we should take Ethereum seriously (or not). Follow our guest on Twitter: @adamscochran 00:00 Start 01:18 Who's Adam Cochran? 04:40 Don't get butt hurt 06:09 Adam history 09:23 Working on now? 10:42 Unique investment profile 12:47 ETH roadmap 15:34 L1 vs L2 18:40 BASE roll-ups 21:17 Non-financial Ethereum? 24:11 All the ETH maxis please stand up 25:51 Value in the L1 28:11 ETH's monetary premium 31:21 Solana.... discuss.... 34:09 Solana apps 35:35 Why Degen hate, bro? 37:32 The failure of DeFi summer 41:26 Bullish of what projects? 44:12 Who Wins? 45:49 Goldman will "follow fast" you dummies! 48:22 Regulations 51:19 Politics 55:44 Shill me beneath the willow tree 57:23 ETH/BTC chart 1:00:43 Pitch me Ethereum 1:02:10 ETH monetary properties 1:04:33 Value ETH on earnings? 1:08:22 Wrap up 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 22 Sep 2024 10:00:00 -0000 full Blockspace Media The infamous crypto twitter threadoooor joins The Gwart Podcast. Adam Cochran–a familiar profil pic to anyone on crypto twitter-joins The Gwart Show! They tackle Ethereum's roadmap, DeFi’s PMF, TradFi boys joining the party and regulatory & political challenges. At the end, we get a nice pitch on why we should take Ethereum seriously (or not). Follow our guest on Twitter: @adamscochran 00:00 Start 01:18 Who's Adam Cochran? 04:40 Don't get butt hurt 06:09 Adam history 09:23 Working on now? 10:42 Unique investment profile 12:47 ETH roadmap 15:34 L1 vs L2 18:40 BASE roll-ups 21:17 Non-financial Ethereum? 24:11 All the ETH maxis please stand up 25:51 Value in the L1 28:11 ETH's monetary premium 31:21 Solana.... discuss.... 34:09 Solana apps 35:35 Why Degen hate, bro? 37:32 The failure of DeFi summer 41:26 Bullish of what projects? 44:12 Who Wins? 45:49 Goldman will "follow fast" you dummies! 48:22 Regulations 51:19 Politics 55:44 Shill me beneath the willow tree 57:23 ETH/BTC chart 1:00:43 Pitch me Ethereum 1:02:10 ETH monetary properties 1:04:33 Value ETH on earnings? 1:08:22 Wrap up 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Adam Cochran–a familiar profil pic to anyone on crypto twitter-joins The Gwart Show! They tackle Ethereum's roadmap, DeFi’s PMF, TradFi boys joining the party and regulatory & political challenges. At the end, we get a nice pitch on why we should take Ethereum seriously (or not).


Follow our guest on Twitter: @adamscochran


00:00 Start

01:18 Who's Adam Cochran?

04:40 Don't get butt hurt

06:09 Adam history

09:23 Working on now?

10:42 Unique investment profile

12:47 ETH roadmap

15:34 L1 vs L2

18:40 BASE roll-ups

21:17 Non-financial Ethereum?

24:11 All the ETH maxis please stand up

25:51 Value in the L1

28:11 ETH's monetary premium

31:21 Solana.... discuss....

34:09 Solana apps

35:35 Why Degen hate, bro?

37:32 The failure of DeFi summer

41:26 Bullish of what projects?

44:12 Who Wins?

45:49 Goldman will "follow fast" you dummies!

48:22 Regulations

51:19 Politics

55:44 Shill me beneath the willow tree

57:23 ETH/BTC chart

1:00:43 Pitch me Ethereum

1:02:10 ETH monetary properties

1:04:33 Value ETH on earnings?

1:08:22 Wrap up


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4146 Citadel, But On-Chain With Ludwig Thouvenin https://blockspace.media/podcast/citadel-but-on-chain-with-ludwig-thouvenin-ethereum-mev/ Ludwig Thouvenin from Sorella discusses Ethereum MEV, Uniswap V4, and the launch of Brontes, an open-source MEV dashboard. He explores the complexities of DeFi liquidity, arbitrage strategies, and the future of Ethereum's protocol design, offering insights into the challenges and opportunities in the evolving crypto landscape. Follow our guest on Twitter: @SorellaLabs @0xvanbeethoven Link to the dashboard: https://t.co/tylzKFdetM 00:00 Start 00:57 What is Sorella? 03:38 Types of MEV 06:31 Confidence of MEV identification 11:28 Assumption & discoveries 19:10 Cross-chain MEV 22:08 Large firm advantages 24:41 Trading vs arbitraging 26:26 Big builder landscape 29:43 MEV accelerationist views? 33:58 Private order flow 35:18 Should users know about order flow? 37:38 Angstrom DEX 41:12 Uniswap 3 vs 4 42:52 Why doesn't Uniswap have this functionality? 45:22 Why a hook, not an app? 48:51 System architecture 50:00 Slashing & node count 50:45 Uniswap LPs, WTF? 57:45 Permissionless capital formation 1:00:43 Protocol design 1:06:41 Foreseeable hazards 1:10:21 Ethereum roadmap optimism 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 15 Sep 2024 23:14:00 -0000 full Blockspace Media How sophisticated are trading teams getting? Does retail even stand a chance? Ludwig Thouvenin of Paradigm-backed Sorella Labs joins the show. Ludwig Thouvenin from Sorella discusses Ethereum MEV, Uniswap V4, and the launch of Brontes, an open-source MEV dashboard. He explores the complexities of DeFi liquidity, arbitrage strategies, and the future of Ethereum's protocol design, offering insights into the challenges and opportunities in the evolving crypto landscape. Follow our guest on Twitter: @SorellaLabs @0xvanbeethoven Link to the dashboard: https://t.co/tylzKFdetM 00:00 Start 00:57 What is Sorella? 03:38 Types of MEV 06:31 Confidence of MEV identification 11:28 Assumption & discoveries 19:10 Cross-chain MEV 22:08 Large firm advantages 24:41 Trading vs arbitraging 26:26 Big builder landscape 29:43 MEV accelerationist views? 33:58 Private order flow 35:18 Should users know about order flow? 37:38 Angstrom DEX 41:12 Uniswap 3 vs 4 42:52 Why doesn't Uniswap have this functionality? 45:22 Why a hook, not an app? 48:51 System architecture 50:00 Slashing & node count 50:45 Uniswap LPs, WTF? 57:45 Permissionless capital formation 1:00:43 Protocol design 1:06:41 Foreseeable hazards 1:10:21 Ethereum roadmap optimism 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Ludwig Thouvenin from Sorella discusses Ethereum MEV, Uniswap V4, and the launch of Brontes, an open-source MEV dashboard. He explores the complexities of DeFi liquidity, arbitrage strategies, and the future of Ethereum's protocol design, offering insights into the challenges and opportunities in the evolving crypto landscape.


Follow our guest on Twitter: @SorellaLabs @0xvanbeethoven

Link to the dashboard: https://t.co/tylzKFdetM


00:00 Start

00:57 What is Sorella?

03:38 Types of MEV

06:31 Confidence of MEV identification

11:28 Assumption & discoveries

19:10 Cross-chain MEV

22:08 Large firm advantages

24:41 Trading vs arbitraging

26:26 Big builder landscape

29:43 MEV accelerationist views?

33:58 Private order flow

35:18 Should users know about order flow?

37:38 Angstrom DEX

41:12 Uniswap 3 vs 4

42:52 Why doesn't Uniswap have this functionality?

45:22 Why a hook, not an app?

48:51 System architecture

50:00 Slashing & node count

50:45 Uniswap LPs, WTF?

57:45 Permissionless capital formation

1:00:43 Protocol design

1:06:41 Foreseeable hazards

1:10:21 Ethereum roadmap optimism



👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4404 On-chain Corps, World Liberty Financial, Trump vs. Harris and ETH Roadmap With Lex Node https://blockspace.media/podcast/on-chain-corps-world-liberty-financial-trump-vs-harris-and-eth-roadmap-with-lex-node/ Gabe Shapiro, crypto lawyer and co-founder of MetaLeX Labs, joins The Gwart Show to discuss DeFi regulation, tokenized securities, and the future of crypto under Trump or Kamala. Follow our guest on Twitter: @lex_node Chapters 00:00 Start 00:42 Gabe's background 01:21 MetaLeX & Borgs 04:16 Problems with DAOs 09:40 Foundations vs corporations in DAOs 15:03 Well run DAO examples 18:06 The risks of tokens + equity 21:53 Regulating conflicts of interest 24:12 What don't lawyers understand? 27:21 Liquid staking tokens 30:39 Legalities of MEV 36:25 Changing rules 43:25 Governance attack vs code exploit 48:19 People are the DAO attack vector 54:41 Legal risks of single sequencers 55:20 WTF is a tokenized security? 59:50 Bearer asset laws 1:02:46 Crypto corp structures 1:07:51 World Liberty Financial 1:09:54 Trump vs Harris crypto regulation 1:14:37 Regulation = good? umm.. 1:18:50 Stablecoins 1:21:50 Does USDC now control ETH roadmap? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 08 Sep 2024 14:03:00 -0000 full Blockspace Media Trump is launching a DeFi lending project. So, yes, you are the yield. Gabe Shapiro, crypto lawyer and co-founder of MetaLeX Labs, joins The Gwart Show to discuss DeFi regulation, tokenized securities, and the future of crypto under Trump or Kamala. Follow our guest on Twitter: @lex_node Chapters 00:00 Start 00:42 Gabe's background 01:21 MetaLeX & Borgs 04:16 Problems with DAOs 09:40 Foundations vs corporations in DAOs 15:03 Well run DAO examples 18:06 The risks of tokens + equity 21:53 Regulating conflicts of interest 24:12 What don't lawyers understand? 27:21 Liquid staking tokens 30:39 Legalities of MEV 36:25 Changing rules 43:25 Governance attack vs code exploit 48:19 People are the DAO attack vector 54:41 Legal risks of single sequencers 55:20 WTF is a tokenized security? 59:50 Bearer asset laws 1:02:46 Crypto corp structures 1:07:51 World Liberty Financial 1:09:54 Trump vs Harris crypto regulation 1:14:37 Regulation = good? umm.. 1:18:50 Stablecoins 1:21:50 Does USDC now control ETH roadmap? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Gabe Shapiro, crypto lawyer and co-founder of MetaLeX Labs, joins The Gwart Show to discuss DeFi regulation, tokenized securities, and the future of crypto under Trump or Kamala.


Follow our guest on Twitter: @lex_node


Chapters

00:00 Start

00:42 Gabe's background

01:21 MetaLeX & Borgs

04:16 Problems with DAOs

09:40 Foundations vs corporations in DAOs

15:03 Well run DAO examples

18:06 The risks of tokens + equity

21:53 Regulating conflicts of interest

24:12 What don't lawyers understand?

27:21 Liquid staking tokens

30:39 Legalities of MEV

36:25 Changing rules

43:25 Governance attack vs code exploit

48:19 People are the DAO attack vector

54:41 Legal risks of single sequencers

55:20 WTF is a tokenized security?

59:50 Bearer asset laws

1:02:46 Crypto corp structures

1:07:51 World Liberty Financial

1:09:54 Trump vs Harris crypto regulation

1:14:37 Regulation = good? umm..

1:18:50 Stablecoins

1:21:50 Does USDC now control ETH roadmap?


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5258 Prediction Markets, But For Everything. Futarchy With Proph3t Can you short real life? That’s the idea behind Futarchy. By applying financial logic and smart contracts to ordinary life, you can create prediction markets that help people create better decisions. Today Proph3t of MetaDAO joins the Gwart show to discuss what Futarchy is, how it relates to DAO governance for projects like DeFi, where the tokens are at and if traditional entrepreneurs could thrive in a world where DAOs run the ship. Follow our guest on Twitter:  @metaproph3t Timestamps: 00:00 Start 00:50 Profit's background 01:51 What is futarchy? 02:22 Problems with DeFi governance 03:02 What projects need governance? 06:14 How does MetaDAO work? 07:25 Markets vs voting 09:14 What issues should be decided by futarchy? 11:15 Why markets know best? 16:20 Would Steve Jobs survive futarchy? 17:13 Does futarchy fix bad management? 20:34 Are DAOs companies? 22:09 Does futarchy always lead to NGU? 23:00 What is the Meta token? 24:26 Recent MetaDAO proposals 25:54 $250k bet on recent proposal 28:30 Why build on Solana? 29:59 Solana culture 31:19 Examples of novel ideas 34:02 Professional DAOs 37:21 Forking vs voting 40:12 Open source protocols vs DOAs 41:56 Tokens, tokens, everywhere 47:58 Shareholder rights? 51:28 It's all prediction markets 55:01 Prediction markets a threat to democracy? 58:38 Variables in social welfare 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 01 Sep 2024 13:33:17 -0000 full Blockspace Media No one cares about DAO governance so we’re jumping straight larger markets to predict your life outcomes. Can you short real life? That’s the idea behind Futarchy. By applying financial logic and smart contracts to ordinary life, you can create prediction markets that help people create better decisions. Today Proph3t of MetaDAO joins the Gwart show to discuss what Futarchy is, how it relates to DAO governance for projects like DeFi, where the tokens are at and if traditional entrepreneurs could thrive in a world where DAOs run the ship. Follow our guest on Twitter:  @metaproph3t Timestamps: 00:00 Start 00:50 Profit's background 01:51 What is futarchy? 02:22 Problems with DeFi governance 03:02 What projects need governance? 06:14 How does MetaDAO work? 07:25 Markets vs voting 09:14 What issues should be decided by futarchy? 11:15 Why markets know best? 16:20 Would Steve Jobs survive futarchy? 17:13 Does futarchy fix bad management? 20:34 Are DAOs companies? 22:09 Does futarchy always lead to NGU? 23:00 What is the Meta token? 24:26 Recent MetaDAO proposals 25:54 $250k bet on recent proposal 28:30 Why build on Solana? 29:59 Solana culture 31:19 Examples of novel ideas 34:02 Professional DAOs 37:21 Forking vs voting 40:12 Open source protocols vs DOAs 41:56 Tokens, tokens, everywhere 47:58 Shareholder rights? 51:28 It's all prediction markets 55:01 Prediction markets a threat to democracy? 58:38 Variables in social welfare 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Can you short real life? That’s the idea behind Futarchy. By applying financial logic and smart contracts to ordinary life, you can create prediction markets that help people create better decisions. Today Proph3t of MetaDAO joins the Gwart show to discuss what Futarchy is, how it relates to DAO governance for projects like DeFi, where the tokens are at and if traditional entrepreneurs could thrive in a world where DAOs run the ship.



Follow our guest on Twitter:  @metaproph3t




Timestamps:


00:00 Start

00:50 Profit's background

01:51 What is futarchy?

02:22 Problems with DeFi governance

03:02 What projects need governance?

06:14 How does MetaDAO work?

07:25 Markets vs voting

09:14 What issues should be decided by futarchy?

11:15 Why markets know best?

16:20 Would Steve Jobs survive futarchy?

17:13 Does futarchy fix bad management?

20:34 Are DAOs companies?

22:09 Does futarchy always lead to NGU?

23:00 What is the Meta token?

24:26 Recent MetaDAO proposals

25:54 $250k bet on recent proposal

28:30 Why build on Solana?

29:59 Solana culture

31:19 Examples of novel ideas

34:02 Professional DAOs

37:21 Forking vs voting

40:12 Open source protocols vs DOAs

41:56 Tokens, tokens, everywhere

47:58 Shareholder rights?

51:28 It's all prediction markets

55:01 Prediction markets a threat to democracy?

58:38 Variables in social welfare



👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media



Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3565 Stablecoins Are Cancer And Rollups Are Dumb With Shinobi, Shehzan https://blockspace.media/podcast/stablecoins-are-cancer-and-rollups-are-dumb-with-shinobi-shehzan/ Welcome back to The Gwart Show! Today we tackle the hard problem of scaling with Rollups, among other conversations. We’re re-joinbed by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin, and Shinobi, an out-spoken Bitcoiner and technical editor at Bitcoin Magazine.  Follow our guest on Twitter: @marediashehzan @brian_trollz Timestamps: 00:00 Start 02:12 L2s on Bitcoin 05:10 Do fees & speed effect payment adoption? 06:26 Why does lightning suck? 11:06 Lightning failed experiment? 12:21 Taproot assets on Lightning 15:59 Should stablecoins be on L1? 19:28 Stables are #1 use case 21:12 Roll ups 27:51 Why are devs interested in roll ups? 30:27 What roll ups are ready today? 36:26 Liquidity problems? 37:49 Other roll up limitations? 38:41 Roll up use case? 41:04 Are roll ups just a sneaky block size increase? 44:19 One roll up to rule them all 45:41 Do roll ups scale execution on BTC? 47:14 Single sequencer risk 50:12 Is Lightning "connective tissue"? 51:19 Unilateral exit in roll ups 53:09 Upgrades in roll ups 57:07 CATVM 1:00:18 New OP codes & scaling 1:06:58 Why will BTC expressivity be useful 1:08:19 VC backed projects pushing new OP codes 1:10:08 What is ARK? 1:14:47 MEV on Bitcoin 1:21:49 What roll ups will cause problems? 1:23:46 What roll ups have traction? 1:27:40 Are covenants on a deadline? 1:29:16 What's interesting right now? 1:30:12 The possibilities of eCash 1:32:49 Is Austrian Economics dumb? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 25 Aug 2024 11:00:00 -0000 full Blockspace Media The scaling tools are hardly tools. Welcome back to The Gwart Show! Today we tackle the hard problem of scaling with Rollups, among other conversations. We’re re-joinbed by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin, and Shinobi, an out-spoken Bitcoiner and technical editor at Bitcoin Magazine.  Follow our guest on Twitter: @marediashehzan @brian_trollz Timestamps: 00:00 Start 02:12 L2s on Bitcoin 05:10 Do fees & speed effect payment adoption? 06:26 Why does lightning suck? 11:06 Lightning failed experiment? 12:21 Taproot assets on Lightning 15:59 Should stablecoins be on L1? 19:28 Stables are #1 use case 21:12 Roll ups 27:51 Why are devs interested in roll ups? 30:27 What roll ups are ready today? 36:26 Liquidity problems? 37:49 Other roll up limitations? 38:41 Roll up use case? 41:04 Are roll ups just a sneaky block size increase? 44:19 One roll up to rule them all 45:41 Do roll ups scale execution on BTC? 47:14 Single sequencer risk 50:12 Is Lightning "connective tissue"? 51:19 Unilateral exit in roll ups 53:09 Upgrades in roll ups 57:07 CATVM 1:00:18 New OP codes & scaling 1:06:58 Why will BTC expressivity be useful 1:08:19 VC backed projects pushing new OP codes 1:10:08 What is ARK? 1:14:47 MEV on Bitcoin 1:21:49 What roll ups will cause problems? 1:23:46 What roll ups have traction? 1:27:40 Are covenants on a deadline? 1:29:16 What's interesting right now? 1:30:12 The possibilities of eCash 1:32:49 Is Austrian Economics dumb? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today we tackle the hard problem of scaling with Rollups, among other conversations. We’re re-joinbed by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin, and Shinobi, an out-spoken Bitcoiner and technical editor at Bitcoin Magazine. 


Follow our guest on Twitter: @marediashehzan @brian_trollz


Timestamps:


00:00 Start

02:12 L2s on Bitcoin

05:10 Do fees & speed effect payment adoption?

06:26 Why does lightning suck?

11:06 Lightning failed experiment?

12:21 Taproot assets on Lightning

15:59 Should stablecoins be on L1?

19:28 Stables are #1 use case

21:12 Roll ups

27:51 Why are devs interested in roll ups?

30:27 What roll ups are ready today?

36:26 Liquidity problems?

37:49 Other roll up limitations?

38:41 Roll up use case?

41:04 Are roll ups just a sneaky block size increase?

44:19 One roll up to rule them all

45:41 Do roll ups scale execution on BTC?

47:14 Single sequencer risk

50:12 Is Lightning "connective tissue"?

51:19 Unilateral exit in roll ups

53:09 Upgrades in roll ups

57:07 CATVM

1:00:18 New OP codes & scaling

1:06:58 Why will BTC expressivity be useful

1:08:19 VC backed projects pushing new OP codes

1:10:08 What is ARK?

1:14:47 MEV on Bitcoin

1:21:49 What roll ups will cause problems?

1:23:46 What roll ups have traction?

1:27:40 Are covenants on a deadline?

1:29:16 What's interesting right now?

1:30:12 The possibilities of eCash

1:32:49 Is Austrian Economics dumb?


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5961 Bitcoin-based Loan Markets, Among Other Dreams With Shehzan https://blockspace.media/podcast/bitcoin-based-loan-markets-among-other-dreams-with-shehzan/ Welcome back to The Gwart Show! Today we are joined by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin. While most people think of Bitcoin as a dumb rock, the Lava team led by Shehzan is working on a novel solution to natively lend and borrow (while maintaining self-custody but we’ll let him explain that) on Bitcoin. Lava uses Discreet Log Contracts (DCLs) to thread the needle of both permissionless capital via DeFi markets and Bitcoin self-sovereignty via self-custody. Timestamps: 00:00 Start 00:56 Who is Shehzan? 01:29 Why no BTC lending yet? 02:29 What are DLCs? 04:19 Lava vs other lending protocols 05:30 P2P loans complications 06:59 Deposit & loan process 09:20 Privacy implications 11:32 Wrapped BTC 12:44 User risk profile 14:57 Fixed rate loans 17:53 Who are the lenders? 18:19 Oracles 19:42 Choosing oracles 20:49 Rates 22:11 Loan durations 23:13 Target user 25:33 Other chains? 27:21 Solana outages 28:41 Other DLC uses 30:13 Building in Bitcoin experience 32:19 Lightning 33:06 Lack of BTC spending 35:07 Bitcoin's monetary properties 37:48 Wrapped BTC and custodians 41:45 Bitcoin scaling 43:45 OP Codes 46:42 Not enough core devs 47:58 Stablecoins 51:50 Tokenized assets 53:08 Solana vibes Follow our host: @gwartygwart Follow our guest on Twitter: @marediashehzan 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 18 Aug 2024 14:05:00 -0000 full Blockspace Media Where permissionless Bitcoin meets DeFi lending. Welcome back to The Gwart Show! Today we are joined by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin. While most people think of Bitcoin as a dumb rock, the Lava team led by Shehzan is working on a novel solution to natively lend and borrow (while maintaining self-custody but we’ll let him explain that) on Bitcoin. Lava uses Discreet Log Contracts (DCLs) to thread the needle of both permissionless capital via DeFi markets and Bitcoin self-sovereignty via self-custody. Timestamps: 00:00 Start 00:56 Who is Shehzan? 01:29 Why no BTC lending yet? 02:29 What are DLCs? 04:19 Lava vs other lending protocols 05:30 P2P loans complications 06:59 Deposit & loan process 09:20 Privacy implications 11:32 Wrapped BTC 12:44 User risk profile 14:57 Fixed rate loans 17:53 Who are the lenders? 18:19 Oracles 19:42 Choosing oracles 20:49 Rates 22:11 Loan durations 23:13 Target user 25:33 Other chains? 27:21 Solana outages 28:41 Other DLC uses 30:13 Building in Bitcoin experience 32:19 Lightning 33:06 Lack of BTC spending 35:07 Bitcoin's monetary properties 37:48 Wrapped BTC and custodians 41:45 Bitcoin scaling 43:45 OP Codes 46:42 Not enough core devs 47:58 Stablecoins 51:50 Tokenized assets 53:08 Solana vibes Follow our host: @gwartygwart Follow our guest on Twitter: @marediashehzan 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today we are joined by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin. While most people think of Bitcoin as a dumb rock, the Lava team led by Shehzan is working on a novel solution to natively lend and borrow (while maintaining self-custody but we’ll let him explain that) on Bitcoin. Lava uses Discreet Log Contracts (DCLs) to thread the needle of both permissionless capital via DeFi markets and Bitcoin self-sovereignty via self-custody.


Timestamps:


00:00 Start

00:56 Who is Shehzan?

01:29 Why no BTC lending yet?

02:29 What are DLCs?

04:19 Lava vs other lending protocols

05:30 P2P loans complications

06:59 Deposit & loan process

09:20 Privacy implications

11:32 Wrapped BTC

12:44 User risk profile

14:57 Fixed rate loans

17:53 Who are the lenders?

18:19 Oracles

19:42 Choosing oracles

20:49 Rates

22:11 Loan durations

23:13 Target user

25:33 Other chains?

27:21 Solana outages

28:41 Other DLC uses

30:13 Building in Bitcoin experience

32:19 Lightning

33:06 Lack of BTC spending

35:07 Bitcoin's monetary properties

37:48 Wrapped BTC and custodians

41:45 Bitcoin scaling

43:45 OP Codes

46:42 Not enough core devs

47:58 Stablecoins

51:50 Tokenized assets

53:08 Solana vibes



Follow our host: @gwartygwart

Follow our guest on Twitter: @marediashehzan





👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3318 Where Uri Solves MEV With Uri Klarman https://blockspace.media/podcast/where-uri-solves-mev-with-uri-klarman/ Welcome back to The Gwart Show! Uri Klarman, known for his BloxRoute private mempool company, joins Gwart to discuss the future of MEV on Ethereum and Solana. Uri goes through ther Ethereum block builder journey, why public mempool’s are a problem in today’s on-chain economy, and his many (and we mean many) attempts to address MEV or miner malfeasance through token schemes.  Timestamps: 00:00 Start 00:44 Uri's background 01:28 Blocksroute 05:52 ETH block building 11:44 DeFi vs CeFi 15:55 Can Defi compete w/ Centralization? 19:53 Block builders stealing fees 21:39 Bye bye mempool 23:52 Solutions for MEV 29:10 Bitcoin miners chase profit, always! 32:25 Incentives promote MEV on ETH 33:38 Multiple concurrent proposers 45:46 Palidin 1:01:26 Why PAL token? 1:11:33 SOL delegated stake 1:12:05 Why not RPC? 1:13:18 PAL token liquidity 1:16:04 Slashing by consensus 1:19:59 ETH gas limit token 1:24:39 SOL staking future? 1:29:53 Mining ORE Follow our host: @gwartygwart Follow our guest on Twitter: @uriklarman 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 11 Aug 2024 13:56:30 -0000 full Blockspace Media Uri Klarman of BloxRoute lore joins The Gwart Show! Welcome back to The Gwart Show! Uri Klarman, known for his BloxRoute private mempool company, joins Gwart to discuss the future of MEV on Ethereum and Solana. Uri goes through ther Ethereum block builder journey, why public mempool’s are a problem in today’s on-chain economy, and his many (and we mean many) attempts to address MEV or miner malfeasance through token schemes.  Timestamps: 00:00 Start 00:44 Uri's background 01:28 Blocksroute 05:52 ETH block building 11:44 DeFi vs CeFi 15:55 Can Defi compete w/ Centralization? 19:53 Block builders stealing fees 21:39 Bye bye mempool 23:52 Solutions for MEV 29:10 Bitcoin miners chase profit, always! 32:25 Incentives promote MEV on ETH 33:38 Multiple concurrent proposers 45:46 Palidin 1:01:26 Why PAL token? 1:11:33 SOL delegated stake 1:12:05 Why not RPC? 1:13:18 PAL token liquidity 1:16:04 Slashing by consensus 1:19:59 ETH gas limit token 1:24:39 SOL staking future? 1:29:53 Mining ORE Follow our host: @gwartygwart Follow our guest on Twitter: @uriklarman 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Uri Klarman, known for his BloxRoute private mempool company, joins Gwart to discuss the future of MEV on Ethereum and Solana. Uri goes through ther Ethereum block builder journey, why public mempool’s are a problem in today’s on-chain economy, and his many (and we mean many) attempts to address MEV or miner malfeasance through token schemes. 


Timestamps:


00:00 Start

00:44 Uri's background

01:28 Blocksroute

05:52 ETH block building

11:44 DeFi vs CeFi

15:55 Can Defi compete w/ Centralization?

19:53 Block builders stealing fees

21:39 Bye bye mempool

23:52 Solutions for MEV

29:10 Bitcoin miners chase profit, always!

32:25 Incentives promote MEV on ETH

33:38 Multiple concurrent proposers

45:46 Palidin

1:01:26 Why PAL token?

1:11:33 SOL delegated stake

1:12:05 Why not RPC?

1:13:18 PAL token liquidity

1:16:04 Slashing by consensus

1:19:59 ETH gas limit token

1:24:39 SOL staking future?

1:29:53 Mining ORE


Follow our host: @gwartygwart

Follow our guest on Twitter: @uriklarman


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5473 The Bald Man Sings With Udi Wertheimer https://blockspace.media/podcast/the-bald-man-sings-with-udi-wertheimer/ Welcome back to The Gwart Show! We are joined by the 4th most important Taproot Wizard, Udi Wertheimer, to discuss, well, male pattern baldness. We also dive into the wizards roadmap (not just JPEGS) like CATVM, the use-cases for L2s, how blockspace doesn’t solve blockspace issues and why ETH Maxis just keep losing. If you are enjoying the show, please subscribe to our email list for notifications when the podcast comes out, transcripts and more. Timestamps: 00:00 Start 00:54 Taproot Wizards update 01:39 Technical roadblocks 03:34 What new tech should Bitcoin have? 05:36 Are DeGens our saviors? 10:05 Lack of product market fit for crypto tech 11:55 SOL Degen = BTC Maxi? 14:59 Is DeFi interesting at all? 18:11 CATVM 20:46 Vision for CATVM 23:39 Where are the L2 use cases? 27:12 ETH roll up roadmap 31:02 Can't scale blockspace w/ more blockspace 33:33 CATVM does NOT solve scaling 36:36 On chain lending? 40:30 BITVM 43:15 VCs backing BITVM 46:03 Are tokens NOT terrible? 51:41 ETH maxis suck at predicting the future 1:00:17 Where are we at in 5 years? Follow our host: @gwartygwart Follow our guest on Twitter: @udiWertheimer 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 04 Aug 2024 10:00:00 -0000 full Blockspace Media Our first sit-down, in-person interview with Gwart. Welcome back to The Gwart Show! We are joined by the 4th most important Taproot Wizard, Udi Wertheimer, to discuss, well, male pattern baldness. We also dive into the wizards roadmap (not just JPEGS) like CATVM, the use-cases for L2s, how blockspace doesn’t solve blockspace issues and why ETH Maxis just keep losing. If you are enjoying the show, please subscribe to our email list for notifications when the podcast comes out, transcripts and more. Timestamps: 00:00 Start 00:54 Taproot Wizards update 01:39 Technical roadblocks 03:34 What new tech should Bitcoin have? 05:36 Are DeGens our saviors? 10:05 Lack of product market fit for crypto tech 11:55 SOL Degen = BTC Maxi? 14:59 Is DeFi interesting at all? 18:11 CATVM 20:46 Vision for CATVM 23:39 Where are the L2 use cases? 27:12 ETH roll up roadmap 31:02 Can't scale blockspace w/ more blockspace 33:33 CATVM does NOT solve scaling 36:36 On chain lending? 40:30 BITVM 43:15 VCs backing BITVM 46:03 Are tokens NOT terrible? 51:41 ETH maxis suck at predicting the future 1:00:17 Where are we at in 5 years? Follow our host: @gwartygwart Follow our guest on Twitter: @udiWertheimer 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! We are joined by the 4th most important Taproot Wizard, Udi Wertheimer, to discuss, well, male pattern baldness. We also dive into the wizards roadmap (not just JPEGS) like CATVM, the use-cases for L2s, how blockspace doesn’t solve blockspace issues and why ETH Maxis just keep losing.


If you are enjoying the show, please subscribe to our email list for notifications when the podcast comes out, transcripts and more.


Timestamps:


00:00 Start

00:54 Taproot Wizards update

01:39 Technical roadblocks

03:34 What new tech should Bitcoin have?

05:36 Are DeGens our saviors?

10:05 Lack of product market fit for crypto tech

11:55 SOL Degen = BTC Maxi?

14:59 Is DeFi interesting at all?

18:11 CATVM

20:46 Vision for CATVM

23:39 Where are the L2 use cases?

27:12 ETH roll up roadmap

31:02 Can't scale blockspace w/ more blockspace

33:33 CATVM does NOT solve scaling

36:36 On chain lending?

40:30 BITVM

43:15 VCs backing BITVM

46:03 Are tokens NOT terrible?

51:41 ETH maxis suck at predicting the future

1:00:17 Where are we at in 5 years?



Follow our host: @gwartygwart

Follow our guest on Twitter: @udiWertheimer


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3966 L2s, Apps, and Stake Centralization With 0xMert https://blockspace.media/podcast/l2s-apps-and-stake-centralization-with-0xmert/ Welcome back to The Gwart Show! We we’re down in Nashville recording some shows, but this week we have something a bit different with Mert, CEO of Helius and co-host of a BlockWorks podcast. So, it's a podcast with a podcaster today. We go through Solana's ecosystem, including MEV and architecture. Mert shares insights on Fire Dancer, state compression and Helius, while addressing criticisms and challenges. Timestamps 00:00 Start 00:50 Mert's background 01:16 ETHCC experience 03:26 ETHCC takeaways 08:16 Can't L2s just get along! 11:01 Is ETH following SOL? 15:40 Base sequencing 20:02 What's exciting now? 27:47 Apps now & future 32:38 Will Solana be NASDAQ on chain? 36:18 MEV on Solana 39:21 Is MEV inevitable? 46:02 Stake-weighted QoS (Quality-of-Service) 48:49 DDOSing RPCs 50:12 Is Stake-weighted QoS centralizing? 51:59 Will Solana become the Helius-chain? Follow our host: @gwartygwart Follow our guest on Twitter: @0xMert_ 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 28 Jul 2024 14:33:00 -0000 full Blockspace Media The podcasters will take it upon themselves to fix the chains. Welcome back to The Gwart Show! We we’re down in Nashville recording some shows, but this week we have something a bit different with Mert, CEO of Helius and co-host of a BlockWorks podcast. So, it's a podcast with a podcaster today. We go through Solana's ecosystem, including MEV and architecture. Mert shares insights on Fire Dancer, state compression and Helius, while addressing criticisms and challenges. Timestamps 00:00 Start 00:50 Mert's background 01:16 ETHCC experience 03:26 ETHCC takeaways 08:16 Can't L2s just get along! 11:01 Is ETH following SOL? 15:40 Base sequencing 20:02 What's exciting now? 27:47 Apps now & future 32:38 Will Solana be NASDAQ on chain? 36:18 MEV on Solana 39:21 Is MEV inevitable? 46:02 Stake-weighted QoS (Quality-of-Service) 48:49 DDOSing RPCs 50:12 Is Stake-weighted QoS centralizing? 51:59 Will Solana become the Helius-chain? Follow our host: @gwartygwart Follow our guest on Twitter: @0xMert_ 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! We we’re down in Nashville recording some shows, but this week we have something a bit different with Mert, CEO of Helius and co-host of a BlockWorks podcast. So, it's a podcast with a podcaster today. We go through Solana's ecosystem, including MEV and architecture. Mert shares insights on Fire Dancer, state compression and Helius, while addressing criticisms and challenges.


Timestamps


00:00 Start

00:50 Mert's background

01:16 ETHCC experience

03:26 ETHCC takeaways

08:16 Can't L2s just get along!

11:01 Is ETH following SOL?

15:40 Base sequencing

20:02 What's exciting now?

27:47 Apps now & future

32:38 Will Solana be NASDAQ on chain?

36:18 MEV on Solana

39:21 Is MEV inevitable?

46:02 Stake-weighted QoS (Quality-of-Service)

48:49 DDOSing RPCs

50:12 Is Stake-weighted QoS centralizing?

51:59 Will Solana become the Helius-chain?



Follow our host: @gwartygwart

Follow our guest on Twitter: @0xMert_


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3341 The Realignment With Max Resnick https://blockspace.media/podcast/the-realignment-with-max-resnick/ Welcome back to The Gwart Show! We’re re-joined by Max Resnick (@MaxResnick1) of the Special Mechanisms Group (@specialmech) to discuss Ethereum's potential shift towards faster block times and multi-proposer systems. He explores the implications for L2s, MEV, and market structure. The conversation covers Ethereum's comp21etitiveness with Solana, the future of DeFi, and the challenges of centralization in crypto. Timestamps: 00:00 Start 01:06 Matt's background 02:47 ETH vibes right now 04:39 Consensus around new EIPs 09:47 Node burdens 13:22 What about the L2 roadmap 16:47 Did ETH just rug L2s? 18:11 The future of roll ups 21:25 Is Base extracting value from users? 24:25 What is the multi-proposer? 25:39 Community response 27:12 Outcompeted by Solana 29:50 Who doesn't agree? 30:43 Changes for block builders 32:21 What does ETH Foundation think? 33:01 Benefits of 2 sec block times? 35:15 Trading back to L1? 37:11 L1 value = MEV available 40:42 Yield APR & loan APR converge? 41:45 Is the end game 100% staked ETH? 44:56 Moral judgements leading development 45:47 Restaking 48:14 Why does ETH win against Solana? 52:06 Infrastructure vs apps 54:01 What apps are unlocks 54:44 Stablecoin chokepoints 1:01:12 MEV on Solana 1:06:50 Future of AMMs 1:07:12 Trusted execution environments 1:09:56 SUAVE 1:11:57 Service provider adoption of EIPs Follow our host: @gwartygwart Follow our guest on Twitter: @MaxResnick1 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 21 Jul 2024 15:00:57 -0000 full Blockspace Media It's about more than just block times. Welcome back to The Gwart Show! We’re re-joined by Max Resnick (@MaxResnick1) of the Special Mechanisms Group (@specialmech) to discuss Ethereum's potential shift towards faster block times and multi-proposer systems. He explores the implications for L2s, MEV, and market structure. The conversation covers Ethereum's comp21etitiveness with Solana, the future of DeFi, and the challenges of centralization in crypto. Timestamps: 00:00 Start 01:06 Matt's background 02:47 ETH vibes right now 04:39 Consensus around new EIPs 09:47 Node burdens 13:22 What about the L2 roadmap 16:47 Did ETH just rug L2s? 18:11 The future of roll ups 21:25 Is Base extracting value from users? 24:25 What is the multi-proposer? 25:39 Community response 27:12 Outcompeted by Solana 29:50 Who doesn't agree? 30:43 Changes for block builders 32:21 What does ETH Foundation think? 33:01 Benefits of 2 sec block times? 35:15 Trading back to L1? 37:11 L1 value = MEV available 40:42 Yield APR & loan APR converge? 41:45 Is the end game 100% staked ETH? 44:56 Moral judgements leading development 45:47 Restaking 48:14 Why does ETH win against Solana? 52:06 Infrastructure vs apps 54:01 What apps are unlocks 54:44 Stablecoin chokepoints 1:01:12 MEV on Solana 1:06:50 Future of AMMs 1:07:12 Trusted execution environments 1:09:56 SUAVE 1:11:57 Service provider adoption of EIPs Follow our host: @gwartygwart Follow our guest on Twitter: @MaxResnick1 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! We’re re-joined by Max Resnick (@MaxResnick1) of the Special Mechanisms Group (@specialmech) to discuss Ethereum's potential shift towards faster block times and multi-proposer systems. He explores the implications for L2s, MEV, and market structure. The conversation covers Ethereum's comp21etitiveness with Solana, the future of DeFi, and the challenges of centralization in crypto.


Timestamps:


00:00 Start

01:06 Matt's background

02:47 ETH vibes right now

04:39 Consensus around new EIPs

09:47 Node burdens

13:22 What about the L2 roadmap

16:47 Did ETH just rug L2s?

18:11 The future of roll ups

21:25 Is Base extracting value from users?

24:25 What is the multi-proposer?

25:39 Community response

27:12 Outcompeted by Solana

29:50 Who doesn't agree?

30:43 Changes for block builders

32:21 What does ETH Foundation think?

33:01 Benefits of 2 sec block times?

35:15 Trading back to L1?

37:11 L1 value = MEV available

40:42 Yield APR & loan APR converge?

41:45 Is the end game 100% staked ETH?

44:56 Moral judgements leading development

45:47 Restaking

48:14 Why does ETH win against Solana?

52:06 Infrastructure vs apps

54:01 What apps are unlocks

54:44 Stablecoin chokepoints

1:01:12 MEV on Solana

1:06:50 Future of AMMs

1:07:12 Trusted execution environments

1:09:56 SUAVE

1:11:57 Service provider adoption of EIPs


Follow our host: @gwartygwart

Follow our guest on Twitter: @MaxResnick1


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4732 A Bullish Timeline Cleanser With Checkmate https://blockspace.media/podcast/a-bullish-timeline-cleanser-with-checkmate/ Welcome back to The Gwart Show! Today we’re joined by Bitcoin bull and on-chain analyst Checkmate to discuss Bitcoin's market dynamics, mining economics, and market outlook given the bear victory laps on the timeline. He shares thoughts on on-chain analysis, altcoin markets, ETFs, and the role of Bitcoin in the global financial system, offering a bullish perspective on its long-term potential. Timestamps: 00:00 Start 00:53 Checkmate intro 04:07 Checkmate charting product 07:29 Who's the customer? 10:37 Current market outlook 14:49 Why's everyone bearish? 19:03 Different this time? 23:46 Institutional interest 28:14 Bitcoin development 34:39 Bitcoin's future 39:40 Actually useful indicators 45:27 On-chain metrics 49:12 nation-state adoption 54:52 Miners holding BTC 1:04:28 BTC ETFs 1:08:55 ETH ETF Follow our guest on Twitter: @Rob1Ham Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 14 Jul 2024 10:00:00 -0000 full Blockspace Media We're trading sideways and people are getting bored (or angry). Let Checkmate fix that for you. Welcome back to The Gwart Show! Today we’re joined by Bitcoin bull and on-chain analyst Checkmate to discuss Bitcoin's market dynamics, mining economics, and market outlook given the bear victory laps on the timeline. He shares thoughts on on-chain analysis, altcoin markets, ETFs, and the role of Bitcoin in the global financial system, offering a bullish perspective on its long-term potential. Timestamps: 00:00 Start 00:53 Checkmate intro 04:07 Checkmate charting product 07:29 Who's the customer? 10:37 Current market outlook 14:49 Why's everyone bearish? 19:03 Different this time? 23:46 Institutional interest 28:14 Bitcoin development 34:39 Bitcoin's future 39:40 Actually useful indicators 45:27 On-chain metrics 49:12 nation-state adoption 54:52 Miners holding BTC 1:04:28 BTC ETFs 1:08:55 ETH ETF Follow our guest on Twitter: @Rob1Ham Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! Today we’re joined by Bitcoin bull and on-chain analyst Checkmate to discuss Bitcoin's market dynamics, mining economics, and market outlook given the bear victory laps on the timeline. He shares thoughts on on-chain analysis, altcoin markets, ETFs, and the role of Bitcoin in the global financial system, offering a bullish perspective on its long-term potential.


Timestamps:


00:00 Start

00:53 Checkmate intro

04:07 Checkmate charting product

07:29 Who's the customer?

10:37 Current market outlook

14:49 Why's everyone bearish?

19:03 Different this time?

23:46 Institutional interest

28:14 Bitcoin development

34:39 Bitcoin's future

39:40 Actually useful indicators

45:27 On-chain metrics

49:12 nation-state adoption

54:52 Miners holding BTC

1:04:28 BTC ETFs

1:08:55 ETH ETF


Follow our guest on Twitter: @Rob1Ham


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4418 Check Your Script With Rob Hamilton https://blockspace.media/podcast/check-your-softfork-privilege-with-rob-hamilton/ Rob Hamilton, CEO of AnchorWatch and mini-script fan boy, joins The Gwart Show to break down the nuances behind Bitcoin script, why we should’t be scared of a soft fork for rollups (if we need one!) and what a world with more Bitcoin functionality looks like. Rob and Gwart embark on discussions of L2 tokens, Bitcoin consensus rules and the value of VCs in Bitcoin.  Timestamps: 00:00 Start 00:32 Rob's background 03:13 2013-2022 05:37 What is AnchorWatch? 13:02 Miniscript 19:53 Target user of AnchorWatch 21:33 Current Bitcoin development 35:45 Covenant use cases 38:34 Stablecoins 42:16 USD to BTC rails 44:41 Do rollups scale? 50:38 Challenges of trustless rollups 1:00:04 VC funding coming to Bitcoin 1:03:30 Ponzi coming to Bitcoin 1:13:29 End of altcoin ponzi games? 1:16:40 Do stablecoins need decentralized chains? 1:20:41 Bitcoin & IRL resources 1:23:06 Blockchain commodity value 1:25:23 Token unlocks 1:30:34 Government permission required 1:36:27 AnchorWatch as a memecoin 1:39:43 Funding for ideas 1:45:49 Antpool centralization via proxies 1:52:13 Lacking developer funding 1:57:20 P2P node encryption Follow our guest on Twitter: @Rob1Ham Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 07 Jul 2024 11:00:00 -0000 full Blockspace Media Lightning got three softforks-rollups can't get one?! Rob Hamilton, CEO of AnchorWatch and mini-script fan boy, joins The Gwart Show to break down the nuances behind Bitcoin script, why we should’t be scared of a soft fork for rollups (if we need one!) and what a world with more Bitcoin functionality looks like. Rob and Gwart embark on discussions of L2 tokens, Bitcoin consensus rules and the value of VCs in Bitcoin.  Timestamps: 00:00 Start 00:32 Rob's background 03:13 2013-2022 05:37 What is AnchorWatch? 13:02 Miniscript 19:53 Target user of AnchorWatch 21:33 Current Bitcoin development 35:45 Covenant use cases 38:34 Stablecoins 42:16 USD to BTC rails 44:41 Do rollups scale? 50:38 Challenges of trustless rollups 1:00:04 VC funding coming to Bitcoin 1:03:30 Ponzi coming to Bitcoin 1:13:29 End of altcoin ponzi games? 1:16:40 Do stablecoins need decentralized chains? 1:20:41 Bitcoin & IRL resources 1:23:06 Blockchain commodity value 1:25:23 Token unlocks 1:30:34 Government permission required 1:36:27 AnchorWatch as a memecoin 1:39:43 Funding for ideas 1:45:49 Antpool centralization via proxies 1:52:13 Lacking developer funding 1:57:20 P2P node encryption Follow our guest on Twitter: @Rob1Ham Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Rob Hamilton, CEO of AnchorWatch and mini-script fan boy, joins The Gwart Show to break down the nuances behind Bitcoin script, why we should’t be scared of a soft fork for rollups (if we need one!) and what a world with more Bitcoin functionality looks like. Rob and Gwart embark on discussions of L2 tokens, Bitcoin consensus rules and the value of VCs in Bitcoin. 


Timestamps:


00:00 Start

00:32 Rob's background

03:13 2013-2022

05:37 What is AnchorWatch?

13:02 Miniscript

19:53 Target user of AnchorWatch

21:33 Current Bitcoin development

35:45 Covenant use cases

38:34 Stablecoins

42:16 USD to BTC rails

44:41 Do rollups scale?

50:38 Challenges of trustless rollups

1:00:04 VC funding coming to Bitcoin

1:03:30 Ponzi coming to Bitcoin

1:13:29 End of altcoin ponzi games?

1:16:40 Do stablecoins need decentralized chains?

1:20:41 Bitcoin & IRL resources

1:23:06 Blockchain commodity value

1:25:23 Token unlocks

1:30:34 Government permission required

1:36:27 AnchorWatch as a memecoin

1:39:43 Funding for ideas

1:45:49 Antpool centralization via proxies

1:52:13 Lacking developer funding

1:57:20 P2P node encryption


Follow our guest on Twitter: @Rob1Ham


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 7189 Crypto Market Making With Evgeny Gaevoy https://blockspace.media/podcast/crypto-market-making-with-evgeny-gaevoy/ Evgeny Gaevoy, CEO of Wintermute, discusses market making in crypto, DeFi evolution, blockchain technology's relationship with capitalism, Solana's approach, GameFi potential, and the future of crypto in light of AI advancements. He shares insights on token design, DAO governance, and contrarian views on crypto's long-term prospects. Timestamps: 00:00 Start 00:52 Evgeny background 02:25 Crypto vs tradfi 04:04 Caring about more than market making 05:23 Wintermute business line 07:10 Why use a market maker? 10:11 Good vs bad market making? 12:07 On-chain price discovery 13:48 Is NOT having on-chain price discovery a failure? 15:27 ICO benefits 18:02 Good token design 20:22 Should token holders have rights? 24:09 Equity + tokens WTF? 26:04 DOA governance 27:35 Has governance gotten worse? 30:41 Big unlocks in DeFi? 34:45 Rebuilding TradFi on -chain (yawn) 39:23 Will crypto market makers get out competed? 42:56 ETH roadmap blues 44:12 Capitalist systems or bust 47:11 Solana 49:38 Bro, do u even Bitcoin? 50:27 What does DeFi solve? 51:29 What does DeFi NOT solve? 52:31 GameFi thesis 53:23 Why does GameFi still suck? 55:40 Star Trek = DeFi fail Follow our guest on Twitter: @EvgenyGaevoy Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 30 Jun 2024 15:46:18 -0000 full Blockspace Media How do crypto market makers make money? Can we really put exchanges on chain? This and more in this week's Gwart Show! Evgeny Gaevoy, CEO of Wintermute, discusses market making in crypto, DeFi evolution, blockchain technology's relationship with capitalism, Solana's approach, GameFi potential, and the future of crypto in light of AI advancements. He shares insights on token design, DAO governance, and contrarian views on crypto's long-term prospects. Timestamps: 00:00 Start 00:52 Evgeny background 02:25 Crypto vs tradfi 04:04 Caring about more than market making 05:23 Wintermute business line 07:10 Why use a market maker? 10:11 Good vs bad market making? 12:07 On-chain price discovery 13:48 Is NOT having on-chain price discovery a failure? 15:27 ICO benefits 18:02 Good token design 20:22 Should token holders have rights? 24:09 Equity + tokens WTF? 26:04 DOA governance 27:35 Has governance gotten worse? 30:41 Big unlocks in DeFi? 34:45 Rebuilding TradFi on -chain (yawn) 39:23 Will crypto market makers get out competed? 42:56 ETH roadmap blues 44:12 Capitalist systems or bust 47:11 Solana 49:38 Bro, do u even Bitcoin? 50:27 What does DeFi solve? 51:29 What does DeFi NOT solve? 52:31 GameFi thesis 53:23 Why does GameFi still suck? 55:40 Star Trek = DeFi fail Follow our guest on Twitter: @EvgenyGaevoy Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Evgeny Gaevoy, CEO of Wintermute, discusses market making in crypto, DeFi evolution, blockchain technology's relationship with capitalism, Solana's approach, GameFi potential, and the future of crypto in light of AI advancements. He shares insights on token design, DAO governance, and contrarian views on crypto's long-term prospects.


Timestamps:


00:00 Start

00:52 Evgeny background

02:25 Crypto vs tradfi

04:04 Caring about more than market making

05:23 Wintermute business line

07:10 Why use a market maker?

10:11 Good vs bad market making?

12:07 On-chain price discovery

13:48 Is NOT having on-chain price discovery a failure?

15:27 ICO benefits

18:02 Good token design

20:22 Should token holders have rights?

24:09 Equity + tokens WTF?

26:04 DOA governance

27:35 Has governance gotten worse?

30:41 Big unlocks in DeFi?

34:45 Rebuilding TradFi on -chain (yawn)

39:23 Will crypto market makers get out competed?

42:56 ETH roadmap blues

44:12 Capitalist systems or bust

47:11 Solana

49:38 Bro, do u even Bitcoin?

50:27 What does DeFi solve?

51:29 What does DeFi NOT solve?

52:31 GameFi thesis

53:23 Why does GameFi still suck?

55:40 Star Trek = DeFi fail


Follow our guest on Twitter: @EvgenyGaevoy


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3568 How To Win Blocks And Influence Ethereum https://blockspace.media/podcast/how-to-win-blocks-and-influence-ethereum/ Stefan Gosselin-co-founder at Flashbots and founder at OneBalance–joins The Gwart Show. We go through block builder centralization, Stephane's vision for Ethereum, properties of censorship resistance, censorship resistance, shared sequencers, and the future of Bitcoin L2s. Timestamps: 00:00 Start 00:32 Stephane’s background 01:38 Beginning in Web3 04:59 Current projects 06:15 Starting Frontier 07:46 Infinite Games 12:11 Centralization 16:02 PBS design 22:08 Global vs local consensus 29:17 Censorship getting better? 34:34 Are block builders price setters? 37:09 One Balance 41:31 Wallet based roll-up? WTF! 44:55 Protocol design 49:24 Shared sequencers 52:48 Solvers 55:45 Private order flow 59:19 Solana grants & control 1:01:30 Benefits of One Balance 1:07:42 Bitcoin L2 1:12:29 10 yr crypto vision 1:13:35 Wrap up Follow our guest on Twitter: @thegostep Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 23 Jun 2024 12:50:32 -0000 full Blockspace Media Reporting from the front lines of the block builder pipeline. Stefan Gosselin-co-founder at Flashbots and founder at OneBalance–joins The Gwart Show. We go through block builder centralization, Stephane's vision for Ethereum, properties of censorship resistance, censorship resistance, shared sequencers, and the future of Bitcoin L2s. Timestamps: 00:00 Start 00:32 Stephane’s background 01:38 Beginning in Web3 04:59 Current projects 06:15 Starting Frontier 07:46 Infinite Games 12:11 Centralization 16:02 PBS design 22:08 Global vs local consensus 29:17 Censorship getting better? 34:34 Are block builders price setters? 37:09 One Balance 41:31 Wallet based roll-up? WTF! 44:55 Protocol design 49:24 Shared sequencers 52:48 Solvers 55:45 Private order flow 59:19 Solana grants & control 1:01:30 Benefits of One Balance 1:07:42 Bitcoin L2 1:12:29 10 yr crypto vision 1:13:35 Wrap up Follow our guest on Twitter: @thegostep Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Stefan Gosselin-co-founder at Flashbots and founder at OneBalance–joins The Gwart Show. We go through block builder centralization, Stephane's vision for Ethereum, properties of censorship resistance, censorship resistance, shared sequencers, and the future of Bitcoin L2s.


Timestamps:

00:00 Start

00:32 Stephane’s background

01:38 Beginning in Web3

04:59 Current projects

06:15 Starting Frontier

07:46 Infinite Games

12:11 Centralization

16:02 PBS design

22:08 Global vs local consensus

29:17 Censorship getting better?

34:34 Are block builders price setters?

37:09 One Balance

41:31 Wallet based roll-up? WTF!

44:55 Protocol design

49:24 Shared sequencers

52:48 Solvers

55:45 Private order flow

59:19 Solana grants & control

1:01:30 Benefits of One Balance

1:07:42 Bitcoin L2

1:12:29 10 yr crypto vision

1:13:35 Wrap up


Follow our guest on Twitter: @thegostep


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4461 Concerning Trading On-Chain, And Other Bad Ideas https://blockspace.media/podcast/concerning-trading-on-chain-and-other-bad-ideas/ Benedict Brady from Ergonia and Doug Colkitt from Ambient Finance join The Gwart Show, covering various aspects of decentralized finance (DeFi), high frequency trading (HFT), and automated market makers (AMMs).  Follow our guests on Twitter: @0xdoug @bqbrady Follow Gwart and the podcast: @gwartygwart @blockspacepod Timestamps: 00:00:30 Guest Introductions 00:02:13 HFT, AMMs and CLOBs 00:9:10 Improving the Ethereum L1 for apps  00:18:10 zkEVMs, validator and rollups  00:22:021 Trading on AMMs 00:24:55 Why AMMs on Solana? 00:35:03 MEV  00:40:00 Is ~any~ MEV illegal? 00:47:16 Everything will run on AMMs?  00:52:55 Block builder centralization 01:00:40 What if tradfi built blocks? 01:02:08 Solana orderflow is a goldmine 01:05:30 Stakeweight QS 01:10:35 Memecoins Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 17 Jun 2024 14:04:29 -0000 Concerning Trading On-Chain, And Other Bad Ideas full Blockspace Media So AMMs are a thing, but how do traders feel about them? Are they long term workable? We explore this and more on The Gwart Show. Benedict Brady from Ergonia and Doug Colkitt from Ambient Finance join The Gwart Show, covering various aspects of decentralized finance (DeFi), high frequency trading (HFT), and automated market makers (AMMs).  Follow our guests on Twitter: @0xdoug @bqbrady Follow Gwart and the podcast: @gwartygwart @blockspacepod Timestamps: 00:00:30 Guest Introductions 00:02:13 HFT, AMMs and CLOBs 00:9:10 Improving the Ethereum L1 for apps  00:18:10 zkEVMs, validator and rollups  00:22:021 Trading on AMMs 00:24:55 Why AMMs on Solana? 00:35:03 MEV  00:40:00 Is ~any~ MEV illegal? 00:47:16 Everything will run on AMMs?  00:52:55 Block builder centralization 01:00:40 What if tradfi built blocks? 01:02:08 Solana orderflow is a goldmine 01:05:30 Stakeweight QS 01:10:35 Memecoins Learn more about your ad choices. Visit megaphone.fm/adchoices Benedict Brady from Ergonia and Doug Colkitt from Ambient Finance join The Gwart Show, covering various aspects of decentralized finance (DeFi), high frequency trading (HFT), and automated market makers (AMMs). 


Follow our guests on Twitter: @0xdoug @bqbrady

Follow Gwart and the podcast: @gwartygwart @blockspacepod


Timestamps:


00:00:30 Guest Introductions

00:02:13 HFT, AMMs and CLOBs

00:9:10 Improving the Ethereum L1 for apps 

00:18:10 zkEVMs, validator and rollups 

00:22:021 Trading on AMMs

00:24:55 Why AMMs on Solana?

00:35:03 MEV 

00:40:00 Is ~any~ MEV illegal?

00:47:16 Everything will run on AMMs? 

00:52:55 Block builder centralization

01:00:40 What if tradfi built blocks?

01:02:08 Solana orderflow is a goldmine

01:05:30 Stakeweight QS

01:10:35 Memecoins

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4520 Venture Investing In Bitcoin With Walt Smith https://blockspace.media/podcast/venture-investing-in-bitcoin-with-walt-smith/ Walt Smith of Cyber Fund joins The Gwart Show, sharing his take on venture capital in the crypto–and specifically Bitcoin–space. He discusses the potential of Bitcoin rollups, the future of Ethereum, and the drama among crypto VCs. Walt also dives into the idea of merge mining as a scaling solution for Bitcoin and shares his thoughts on the end game of tokenization. Chapter Markers: 00:00 Start 01:22 Walt's background 02:45 Working at Galaxy 04:22 Major investments 05:36 Restaking 08:19 Multi-asset pool model 10:55 Open infrastructure "free banking" 13:47 Are DOAs dumb? 20:24 Tokenizing equities 26:32 Interest in Bitcoin 29:50 ETH minimum viable issuance 35:22 Lido DOA 40:15 Restaking controversy 44:11 VC cat fights 50:04 Bitcoin season 2 53:04 Bitcoin L2 VC investments 55:51 Merge mining Bitcoin 58:22 Bitcoin covenants 03:34 Attrition to L2 on Bitcoin 08:28 BTC vs ETH in 10 years 13:49 realistic growth projections 17:03 Wrap up Follow our guest on Twitter: @waltjsmith Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 09 Jun 2024 13:53:18 -0000 Venture Investing In Bitcoin With Walt Smith full Blockspace Media We welcome Walter Smith of Cyber Fund to the show, a VC and Bitcoin puppet. Walt Smith of Cyber Fund joins The Gwart Show, sharing his take on venture capital in the crypto–and specifically Bitcoin–space. He discusses the potential of Bitcoin rollups, the future of Ethereum, and the drama among crypto VCs. Walt also dives into the idea of merge mining as a scaling solution for Bitcoin and shares his thoughts on the end game of tokenization. Chapter Markers: 00:00 Start 01:22 Walt's background 02:45 Working at Galaxy 04:22 Major investments 05:36 Restaking 08:19 Multi-asset pool model 10:55 Open infrastructure "free banking" 13:47 Are DOAs dumb? 20:24 Tokenizing equities 26:32 Interest in Bitcoin 29:50 ETH minimum viable issuance 35:22 Lido DOA 40:15 Restaking controversy 44:11 VC cat fights 50:04 Bitcoin season 2 53:04 Bitcoin L2 VC investments 55:51 Merge mining Bitcoin 58:22 Bitcoin covenants 03:34 Attrition to L2 on Bitcoin 08:28 BTC vs ETH in 10 years 13:49 realistic growth projections 17:03 Wrap up Follow our guest on Twitter: @waltjsmith Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Walt Smith of Cyber Fund joins The Gwart Show, sharing his take on venture capital in the crypto–and specifically Bitcoin–space. He discusses the potential of Bitcoin rollups, the future of Ethereum, and the drama among crypto VCs. Walt also dives into the idea of merge mining as a scaling solution for Bitcoin and shares his thoughts on the end game of tokenization.


Chapter Markers:

00:00 Start

01:22 Walt's background

02:45 Working at Galaxy

04:22 Major investments

05:36 Restaking

08:19 Multi-asset pool model

10:55 Open infrastructure "free banking"

13:47 Are DOAs dumb?

20:24 Tokenizing equities

26:32 Interest in Bitcoin

29:50 ETH minimum viable issuance

35:22 Lido DOA

40:15 Restaking controversy

44:11 VC cat fights

50:04 Bitcoin season 2

53:04 Bitcoin L2 VC investments

55:51 Merge mining Bitcoin

58:22 Bitcoin covenants

03:34 Attrition to L2 on Bitcoin

08:28 BTC vs ETH in 10 years

13:49 realistic growth projections

17:03 Wrap up


Follow our guest on Twitter: @waltjsmith


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4676 Bitcoin Layers With @januszg_ Welcome back to the Gwart Show! This week, Gwart sits down with Janus of the Bitcoin Layers team to discuss–well you probably get it. Still, they do go over Bitcoin sidechains, L2 approaches, tokens & dapps and what not on L2s , if this Zk thing makes sense, CatVM and more. Do we really want this and what do we want are frequently asked questions! Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Timestamps: 00:00 Start 00:32 Janusz background 02:32 Sidechains on Bitcoin 06:29 New L2s? 11:36 L2 approaches 17:25 ETH vs BTC L2s 19:00 Non-updateable contracts 22:09 No receiving BTC on L2s without trust? 23:02 L2 onboarding without L1? 27:28 L2 product market fit? 33:04 L2 app wish list 37:34 VCs love shitcoining on Bitcoin 40:21 L2s tokens, seriously? 45:33 Decentralization & tokens 49:59 L2 interoperability 55:11 ZK tech & proof verification 58:43 Forking bitcoin 03:30 CATVM 05:14 WTF do we REALLY want? 10:20 MEV on L2s 18:07 Direct L2 onboarding 21:31 Wen stablecoins on BTC? 26:35 Gradual dedollarization please! 28:12 Wrap up This show is produced by Blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 02 Jun 2024 12:56:09 -0000 Bitcoin Layers With @januszg_ full Blockspace Media Fresh off a funding round from UTXO Management, Janus joins The Gwart Show. Welcome back to the Gwart Show! This week, Gwart sits down with Janus of the Bitcoin Layers team to discuss–well you probably get it. Still, they do go over Bitcoin sidechains, L2 approaches, tokens & dapps and what not on L2s , if this Zk thing makes sense, CatVM and more. Do we really want this and what do we want are frequently asked questions! Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Timestamps: 00:00 Start 00:32 Janusz background 02:32 Sidechains on Bitcoin 06:29 New L2s? 11:36 L2 approaches 17:25 ETH vs BTC L2s 19:00 Non-updateable contracts 22:09 No receiving BTC on L2s without trust? 23:02 L2 onboarding without L1? 27:28 L2 product market fit? 33:04 L2 app wish list 37:34 VCs love shitcoining on Bitcoin 40:21 L2s tokens, seriously? 45:33 Decentralization & tokens 49:59 L2 interoperability 55:11 ZK tech & proof verification 58:43 Forking bitcoin 03:30 CATVM 05:14 WTF do we REALLY want? 10:20 MEV on L2s 18:07 Direct L2 onboarding 21:31 Wen stablecoins on BTC? 26:35 Gradual dedollarization please! 28:12 Wrap up This show is produced by Blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to the Gwart Show! This week, Gwart sits down with Janus of the Bitcoin Layers team to discuss–well you probably get it. Still, they do go over Bitcoin sidechains, L2 approaches, tokens & dapps and what not on L2s , if this Zk thing makes sense, CatVM and more.


Do we really want this and what do we want are frequently asked questions!


Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics.


Timestamps:


00:00 Start

00:32 Janusz background

02:32 Sidechains on Bitcoin

06:29 New L2s?

11:36 L2 approaches

17:25 ETH vs BTC L2s

19:00 Non-updateable contracts

22:09 No receiving BTC on L2s without trust?

23:02 L2 onboarding without L1?

27:28 L2 product market fit?

33:04 L2 app wish list

37:34 VCs love shitcoining on Bitcoin

40:21 L2s tokens, seriously?

45:33 Decentralization & tokens

49:59 L2 interoperability

55:11 ZK tech & proof verification

58:43 Forking bitcoin

03:30 CATVM

05:14 WTF do we REALLY want?

10:20 MEV on L2s

18:07 Direct L2 onboarding

21:31 Wen stablecoins on BTC?

26:35 Gradual dedollarization please!

28:12 Wrap up


This show is produced by Blockspace.media


Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5376 Not An Essay: Jon Charbonneau on Composability, Stake Centralization and Bitcoin L2s https://blockspace.media/podcast/not-an-essay-jon-charbonneau-on-composability-stake-centralization-and-bitcoin-l2s/ Welcome back to The Gwart Show! This week, Job Charbonneau of crypto venture fund DBA joins Gwart to discuss Ethereum's issuance debate, centralization of stake, roll-ups vs. Solana, the future of DeFi on Bitcoin, solving MEV, crypto's VC landscape shifts, and key insights from his recent Research Day event.  Follow our guest on Twitter: @jon_charb Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Timestamps: 00:00 Start 00:45 Jon's background 01:19 Research Day 03:21 Favorite Research Day talk 06:07 Current VC crypto landscape 10:54 Wen Uncommon Core? 11:46 Why ETH issuance changes? 14:13 Why mess around with issuance? 17:43 Concentration of stake 19:05 Economic security 22:03 Appreciating proof of work 24:43 We knew this would happen! 27:46 Restaking 34:43 Restaking predictions 37:00 MEV & order-flow 40:52 Why does this taste like a sandwich? 45:32 Should we seek to fix MEV? 48:02 MEV proposals 51:06 Rollup problems 56:28 Rollup interoperability dreams 1:00:50 Solana 1:04:07 Defi  Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 26 May 2024 11:00:00 -0000 Not An Essay: Jon Charbonneau on Composability, Stake Centralization and Bitcoin L2s full Blockspace Media We dig into crypto’s “investable” landscape with well known VC Charbonneau. Welcome back to The Gwart Show! This week, Job Charbonneau of crypto venture fund DBA joins Gwart to discuss Ethereum's issuance debate, centralization of stake, roll-ups vs. Solana, the future of DeFi on Bitcoin, solving MEV, crypto's VC landscape shifts, and key insights from his recent Research Day event.  Follow our guest on Twitter: @jon_charb Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Timestamps: 00:00 Start 00:45 Jon's background 01:19 Research Day 03:21 Favorite Research Day talk 06:07 Current VC crypto landscape 10:54 Wen Uncommon Core? 11:46 Why ETH issuance changes? 14:13 Why mess around with issuance? 17:43 Concentration of stake 19:05 Economic security 22:03 Appreciating proof of work 24:43 We knew this would happen! 27:46 Restaking 34:43 Restaking predictions 37:00 MEV & order-flow 40:52 Why does this taste like a sandwich? 45:32 Should we seek to fix MEV? 48:02 MEV proposals 51:06 Rollup problems 56:28 Rollup interoperability dreams 1:00:50 Solana 1:04:07 Defi  Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! This week, Job Charbonneau of crypto venture fund DBA joins Gwart to discuss Ethereum's issuance debate, centralization of stake, roll-ups vs. Solana, the future of DeFi on Bitcoin, solving MEV, crypto's VC landscape shifts, and key insights from his recent Research Day event. 


Follow our guest on Twitter: @jon_charb


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Timestamps:


00:00 Start

00:45 Jon's background

01:19 Research Day

03:21 Favorite Research Day talk

06:07 Current VC crypto landscape

10:54 Wen Uncommon Core?

11:46 Why ETH issuance changes?

14:13 Why mess around with issuance?

17:43 Concentration of stake

19:05 Economic security

22:03 Appreciating proof of work

24:43 We knew this would happen!

27:46 Restaking

34:43 Restaking predictions

37:00 MEV & order-flow

40:52 Why does this taste like a sandwich?

45:32 Should we seek to fix MEV?

48:02 MEV proposals

51:06 Rollup problems

56:28 Rollup interoperability dreams

1:00:50 Solana

1:04:07 Defi 


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 4128 Memecoins, Scaling Grifts and Other Shenanigans With Colluding Node https://blockspace.media/podcast/memecoins-scaling-grifts-and-other-shenanigans-with-colluding-node/ Welcome back to The Gwart Show! This week, Colluding Node from the Celestia joins Gwart to unravel the mystery of memecoins, stablecoins, governance tokens, Ethereum scaling via grifters and how Celestia works under the hood. Gwart and C-Node talk about like 20+ blockchains in this podcast so it probably has something for everyone. Follow our guest on Twitter: @colludingnode Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Timestamps: 00:00:00 Start 01:29:09 What are blockchains good for? 02:29:16 Evolving understanding of blockchains 05:34:17 Bullish ETH? 08:37:21 The future of DeFi 10:50:08 DeFi privacy 14:20:12 Are meme coins the final boss of stupid? 15:54:19 Permissionless 18:39:19 Are lobbyists focusing on the right things? 21:44:16 Are lobbyists serving plebs or companies? 24:03:17 Companies don't care about P2P tnxs 25:52:17 Centralized stablecoins 28:30:16 Stablecoins > Crypto? 30:06:02 Money separated from state 31:52:28 Maker DAI 34:12:29 Governance tokens 37:24:02 No governance not MORE governance 40:00:10 ETH scaling w/ grifters 41:45:11 Solution to confusing scaling? 43:54:01 Solana reservations 47:14:14 Solana nodes 48:50:25 Celestia light clients 50:51:19 Light clients & trust assumptions 52:27:21 Celestia's vision? 54:25:07 Sovereign roll ups on Celestia 56:34:11 Appchains? 57:28:08 Defi interoperability Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 19 May 2024 14:41:01 -0000 Memecoins, Scaling Grifts and Other Shenanigans With Colluding Node full Blockspace Media Everything In Crypto Is Terrible But We’re Enjoying Ourselves! Welcome back to The Gwart Show! This week, Colluding Node from the Celestia joins Gwart to unravel the mystery of memecoins, stablecoins, governance tokens, Ethereum scaling via grifters and how Celestia works under the hood. Gwart and C-Node talk about like 20+ blockchains in this podcast so it probably has something for everyone. Follow our guest on Twitter: @colludingnode Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Timestamps: 00:00:00 Start 01:29:09 What are blockchains good for? 02:29:16 Evolving understanding of blockchains 05:34:17 Bullish ETH? 08:37:21 The future of DeFi 10:50:08 DeFi privacy 14:20:12 Are meme coins the final boss of stupid? 15:54:19 Permissionless 18:39:19 Are lobbyists focusing on the right things? 21:44:16 Are lobbyists serving plebs or companies? 24:03:17 Companies don't care about P2P tnxs 25:52:17 Centralized stablecoins 28:30:16 Stablecoins > Crypto? 30:06:02 Money separated from state 31:52:28 Maker DAI 34:12:29 Governance tokens 37:24:02 No governance not MORE governance 40:00:10 ETH scaling w/ grifters 41:45:11 Solution to confusing scaling? 43:54:01 Solana reservations 47:14:14 Solana nodes 48:50:25 Celestia light clients 50:51:19 Light clients & trust assumptions 52:27:21 Celestia's vision? 54:25:07 Sovereign roll ups on Celestia 56:34:11 Appchains? 57:28:08 Defi interoperability Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back to The Gwart Show! This week, Colluding Node from the Celestia joins Gwart to unravel the mystery of memecoins, stablecoins, governance tokens, Ethereum scaling via grifters and how Celestia works under the hood. Gwart and C-Node talk about like 20+ blockchains in this podcast so it probably has something for everyone.


Follow our guest on Twitter: @colludingnode


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Timestamps:


00:00:00 Start

01:29:09 What are blockchains good for?

02:29:16 Evolving understanding of blockchains

05:34:17 Bullish ETH?

08:37:21 The future of DeFi

10:50:08 DeFi privacy

14:20:12 Are meme coins the final boss of stupid?

15:54:19 Permissionless

18:39:19 Are lobbyists focusing on the right things?

21:44:16 Are lobbyists serving plebs or companies?

24:03:17 Companies don't care about P2P tnxs

25:52:17 Centralized stablecoins

28:30:16 Stablecoins > Crypto?

30:06:02 Money separated from state

31:52:28 Maker DAI

34:12:29 Governance tokens

37:24:02 No governance not MORE governance

40:00:10 ETH scaling w/ grifters

41:45:11 Solution to confusing scaling?

43:54:01 Solana reservations

47:14:14 Solana nodes

48:50:25 Celestia light clients

50:51:19 Light clients & trust assumptions

52:27:21 Celestia's vision?

54:25:07 Sovereign roll ups on Celestia

56:34:11 Appchains?

57:28:08 Defi interoperability


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3636 Behind The MEV Mask With Dean Eigenmann https://blockspace.media/podcast/behind-the-mev-mask-with-dean-eigenmann/ Dean Eigenmann, a Miner Extractable Value (MEV) searcher, joins The Gwart Show to give an insiders look into the MeV landscape, strategies, decentralization challenges, and regulatory concerns. He discusses key differences between Ethereum and Binance Smart Chain, DeFi's future, L2 developments, and offers a critique of Bitcoin. 00:00 Start 01:23 Dean intro 02:16 MEV = Oligopoly 03:19 Builder centralization on ETH 04:36 PBS design 05:53 Enshrined PBS 07:32 Atomic strategies & inventory risk 09:02 Censorship 10:29 Censorship & geographic distribution 12:46 MEV on BSC 13:43 MEV developer crossover 13:59 What chains do they do? 14:49 MEV on Solana 15:42 Faster chain = less MEV? 16:46 MEV on L2's? 17:46 Shared sequencing 20:06 Intents 22:17 Operating at a loss 23:52 AMM execution 24:52 Define MEV? 25:13 Is sandwiching bad still? 26:57 Private relays 28:05 Can you prevent private relays? 29:11 Is there a way to promote geographic distribution? 30:48 Is MEV like High feq trading? 32:06 Timing games 33:12 SEP of BSC 33:38 MEV searchers on the downlow 35:39 Legal aspects of MEV 36:30 Sandwiching illegal? 39:49 Regulating builders 40:31 OFAC transactions 41:41 Encrypted mempools 43:11 Ideology 45:15 What's missing 45:58 Restaking 46:42 Rollups good? 47:39 Bullish L2's? 49:06 ETH L1 innovation 49:57 Thoughts on Solana? 50:56 BSC happenings? 52:31 Bitcoin sucks Follow our guest on Twitter: @DeanEigenmann Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 12 May 2024 14:21:00 -0000 Behind The MEV Mask With Dean Eigenmann full Blockspace Media We look behind the veil at MEV searching, where unsuspecting traders are rugged from shady corners of the internet. Dean Eigenmann, a Miner Extractable Value (MEV) searcher, joins The Gwart Show to give an insiders look into the MeV landscape, strategies, decentralization challenges, and regulatory concerns. He discusses key differences between Ethereum and Binance Smart Chain, DeFi's future, L2 developments, and offers a critique of Bitcoin. 00:00 Start 01:23 Dean intro 02:16 MEV = Oligopoly 03:19 Builder centralization on ETH 04:36 PBS design 05:53 Enshrined PBS 07:32 Atomic strategies & inventory risk 09:02 Censorship 10:29 Censorship & geographic distribution 12:46 MEV on BSC 13:43 MEV developer crossover 13:59 What chains do they do? 14:49 MEV on Solana 15:42 Faster chain = less MEV? 16:46 MEV on L2's? 17:46 Shared sequencing 20:06 Intents 22:17 Operating at a loss 23:52 AMM execution 24:52 Define MEV? 25:13 Is sandwiching bad still? 26:57 Private relays 28:05 Can you prevent private relays? 29:11 Is there a way to promote geographic distribution? 30:48 Is MEV like High feq trading? 32:06 Timing games 33:12 SEP of BSC 33:38 MEV searchers on the downlow 35:39 Legal aspects of MEV 36:30 Sandwiching illegal? 39:49 Regulating builders 40:31 OFAC transactions 41:41 Encrypted mempools 43:11 Ideology 45:15 What's missing 45:58 Restaking 46:42 Rollups good? 47:39 Bullish L2's? 49:06 ETH L1 innovation 49:57 Thoughts on Solana? 50:56 BSC happenings? 52:31 Bitcoin sucks Follow our guest on Twitter: @DeanEigenmann Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Dean Eigenmann, a Miner Extractable Value (MEV) searcher, joins The Gwart Show to give an insiders look into the MeV landscape, strategies, decentralization challenges, and regulatory concerns. He discusses key differences between Ethereum and Binance Smart Chain, DeFi's future, L2 developments, and offers a critique of Bitcoin.


00:00 Start

01:23 Dean intro

02:16 MEV = Oligopoly

03:19 Builder centralization on ETH

04:36 PBS design

05:53 Enshrined PBS

07:32 Atomic strategies & inventory risk

09:02 Censorship

10:29 Censorship & geographic distribution

12:46 MEV on BSC

13:43 MEV developer crossover

13:59 What chains do they do?

14:49 MEV on Solana

15:42 Faster chain = less MEV?

16:46 MEV on L2's?

17:46 Shared sequencing

20:06 Intents

22:17 Operating at a loss

23:52 AMM execution

24:52 Define MEV?

25:13 Is sandwiching bad still?

26:57 Private relays

28:05 Can you prevent private relays?

29:11 Is there a way to promote geographic distribution?

30:48 Is MEV like High feq trading?

32:06 Timing games

33:12 SEP of BSC

33:38 MEV searchers on the downlow

35:39 Legal aspects of MEV

36:30 Sandwiching illegal?

39:49 Regulating builders

40:31 OFAC transactions

41:41 Encrypted mempools

43:11 Ideology

45:15 What's missing

45:58 Restaking

46:42 Rollups good?

47:39 Bullish L2's?

49:06 ETH L1 innovation

49:57 Thoughts on Solana?

50:56 BSC happenings?

52:31 Bitcoin sucks


Follow our guest on Twitter: @DeanEigenmann


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3255 Laser Eyes Stay On With Allen Farrington https://blockspace.media/podcast/laser-eyes-stay-on-with-allen-farrington/ 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 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 05 May 2024 14:26:23 -0000 Laser Eyes Stay On With Allen Farrington full Blockspace Media Allen Farrington–essayist and venture capitalist–joins The Gwart Show to dig into Bitcoin L2s, Lightning and why the eyes stay lasered. 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 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices 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


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 6095 A Chat With Mr. Tarun Chitra  https://blockspace.media/podcast/a-conversation-with-mr-tarun-chitra/ In this podcast, Tarun shares his insights on ZK technology, DeFi governance, PoW vs PoS, Bitcoin L2s, and more. He discusses the challenges of marketing ZK tech, the importance of dynamic availability in PoW, and the potential for Bitcoin to adopt new opcodes. Tarun also shares his thoughts on the future of DeFi and the crypto industry as a whole. Follow our guest on Twitter: @tarunchitra Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Chapter Markers: 00:00:00 Start 00:01:44 Tarun's background 00:02:04 Uniswap SEC case 00:04:47 Tarun's current focus 00:09:17 ZK tech's appeal 00:14:38 ZK tech applications 00:18:48 Solana fees & networking 00:25:44 State of DeFi governance 00:30:32 PoW vs PoS debate 00:40:31 Token voting & centralization 00:44:55 Token governance issues 00:49:55 PoW as better money 00:57:58 PoS issuance & staking 01:03:40 PoS & rational agents 01:09:11 ETF impact on staking 01:15:59 Tarun on Bitcoin L2 Alpen 01:18:54 Bitcoin ready for L2 tech? 01:21:03 OP_CTV & political will 01:22:46 Ideal Bitcoin L2 tech 01:25:02 Bitcoin Covenants (OP_CAT) Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 28 Apr 2024 11:00:00 -0000 A Chat With Mr. Tarun Chitra  full Blockspace Media Tarun Chitra of Math Twitter fame joins the podcast to explain what exactly a quant is. In this podcast, Tarun shares his insights on ZK technology, DeFi governance, PoW vs PoS, Bitcoin L2s, and more. He discusses the challenges of marketing ZK tech, the importance of dynamic availability in PoW, and the potential for Bitcoin to adopt new opcodes. Tarun also shares his thoughts on the future of DeFi and the crypto industry as a whole. Follow our guest on Twitter: @tarunchitra Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Chapter Markers: 00:00:00 Start 00:01:44 Tarun's background 00:02:04 Uniswap SEC case 00:04:47 Tarun's current focus 00:09:17 ZK tech's appeal 00:14:38 ZK tech applications 00:18:48 Solana fees & networking 00:25:44 State of DeFi governance 00:30:32 PoW vs PoS debate 00:40:31 Token voting & centralization 00:44:55 Token governance issues 00:49:55 PoW as better money 00:57:58 PoS issuance & staking 01:03:40 PoS & rational agents 01:09:11 ETF impact on staking 01:15:59 Tarun on Bitcoin L2 Alpen 01:18:54 Bitcoin ready for L2 tech? 01:21:03 OP_CTV & political will 01:22:46 Ideal Bitcoin L2 tech 01:25:02 Bitcoin Covenants (OP_CAT) Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices In this podcast, Tarun shares his insights on ZK technology, DeFi governance, PoW vs PoS, Bitcoin L2s, and more. He discusses the challenges of marketing ZK tech, the importance of dynamic availability in PoW, and the potential for Bitcoin to adopt new opcodes. Tarun also shares his thoughts on the future of DeFi and the crypto industry as a whole.


Follow our guest on Twitter: @tarunchitra


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


Chapter Markers:

00:00:00 Start

00:01:44 Tarun's background

00:02:04 Uniswap SEC case

00:04:47 Tarun's current focus

00:09:17 ZK tech's appeal

00:14:38 ZK tech applications

00:18:48 Solana fees & networking

00:25:44 State of DeFi governance

00:30:32 PoW vs PoS debate

00:40:31 Token voting & centralization

00:44:55 Token governance issues

00:49:55 PoW as better money

00:57:58 PoS issuance & staking

01:03:40 PoS & rational agents

01:09:11 ETF impact on staking

01:15:59 Tarun on Bitcoin L2 Alpen

01:18:54 Bitcoin ready for L2 tech?

01:21:03 OP_CTV & political will

01:22:46 Ideal Bitcoin L2 tech

01:25:02 Bitcoin Covenants (OP_CAT)


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5182 Bitcoin Season 2 Is A Scam Part 2 With Alex B https://blockspace.media/podcast/bitcoin-season-2-is-a-scam-part-2-with-alex-b/ Welcome back! In Part 2 of The Gwart Show, Alex B shares his insights on Bitcoin, Ethereum, and the broader crypto landscape. He discusses the flaws in Ethereum's proof of stake model, the cult-like phenomena in crypto, the reality of the Lightning Network, and the centralization concerns in DeFi. Alex also touches on the necessity of stablecoins and the constant innovation in crypto tech. Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Chapter Markers: 00:00:00 Start 00:00:03 Intro 00:02:44 Anything interesting in crypto? 00:15:50 Ethereum's proof of stake 00:23:48 Alex's Ethereum predictions 00:34:33 Ethereum staking derivatives 00:38:50 Bitcoin DLCs & lending 00:44:27 Decentralized finance challenges 00:48:30 Open source vs liquidity 00:53:42 Lightning Network marketing 00:59:27 Lightning elegant but limited 01:03:39 Stablecoins on Lightning This show is produced by Blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 21 Apr 2024 12:00:00 -0000 Bitcoin Season 2 Is A Scam Part 2 With Alex B full Blockspace Media We dig into Ethereum, stablecoins and the reality of the Lightning Network Welcome back! In Part 2 of The Gwart Show, Alex B shares his insights on Bitcoin, Ethereum, and the broader crypto landscape. He discusses the flaws in Ethereum's proof of stake model, the cult-like phenomena in crypto, the reality of the Lightning Network, and the centralization concerns in DeFi. Alex also touches on the necessity of stablecoins and the constant innovation in crypto tech. Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Chapter Markers: 00:00:00 Start 00:00:03 Intro 00:02:44 Anything interesting in crypto? 00:15:50 Ethereum's proof of stake 00:23:48 Alex's Ethereum predictions 00:34:33 Ethereum staking derivatives 00:38:50 Bitcoin DLCs & lending 00:44:27 Decentralized finance challenges 00:48:30 Open source vs liquidity 00:53:42 Lightning Network marketing 00:59:27 Lightning elegant but limited 01:03:39 Stablecoins on Lightning This show is produced by Blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome back! In Part 2 of The Gwart Show, Alex B shares his insights on Bitcoin, Ethereum, and the broader crypto landscape. He discusses the flaws in Ethereum's proof of stake model, the cult-like phenomena in crypto, the reality of the Lightning Network, and the centralization concerns in DeFi. Alex also touches on the necessity of stablecoins and the constant innovation in crypto tech.


Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics.


Chapter Markers:

00:00:00 Start

00:00:03 Intro

00:02:44 Anything interesting in crypto?

00:15:50 Ethereum's proof of stake

00:23:48 Alex's Ethereum predictions

00:34:33 Ethereum staking derivatives

00:38:50 Bitcoin DLCs & lending

00:44:27 Decentralized finance challenges

00:48:30 Open source vs liquidity

00:53:42 Lightning Network marketing

00:59:27 Lightning elegant but limited

01:03:39 Stablecoins on Lightning


This show is produced by Blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5378 Bitcoin Season 2 Is A Scam (Also Ethereum) With Alex B (Part 1) https://blockspace.media/podcast/bitcoin-season-2-is-a-scam/ Alex B, writer at Bitcoin Magazine and longtime Bitcoin Twitter user, joins The Gwart Show in this two part series on the heart and soul of Bitcoin maximalism, why it matters, if Bitcoin Season 2 is a sham and, of course, if Ethereum is a scam. Follow our guest on Twitter: @bergealex4 Follow our host: @gwartygwart Chapter Markers: 00:00:00 Start 00:00:18 Introducing Alex Be  00:05:41 Bitcoin scaling discussion 00:17:44 Necessary Bitcoin primitives 00:36:02 Protocols & Bitcoin economy 00:38:18 Incremental vs risky changes 00:48:30 Eric & Rudy's views 00:49:44 Bitcoiners' concerns 00:50:50 Defi's degeneracy 01:00:31 MEV on Bitcoin 01:02:03 Miners & economies of scale 01:09:55 Drive chains & merged mining 01:14:21 Meta protocols & centralization 01:18:55 Miners & meme coins 01:20:21 Ordinals' impact on Bitcoin Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 14 Apr 2024 11:00:00 -0000 Bitcoin Season 2 Is A Scam (Also Ethereum) With Alex B full Blockspace Media It's a two part special with Alex B of Bitcoin Magazine! Alex B, writer at Bitcoin Magazine and longtime Bitcoin Twitter user, joins The Gwart Show in this two part series on the heart and soul of Bitcoin maximalism, why it matters, if Bitcoin Season 2 is a sham and, of course, if Ethereum is a scam. Follow our guest on Twitter: @bergealex4 Follow our host: @gwartygwart Chapter Markers: 00:00:00 Start 00:00:18 Introducing Alex Be  00:05:41 Bitcoin scaling discussion 00:17:44 Necessary Bitcoin primitives 00:36:02 Protocols & Bitcoin economy 00:38:18 Incremental vs risky changes 00:48:30 Eric & Rudy's views 00:49:44 Bitcoiners' concerns 00:50:50 Defi's degeneracy 01:00:31 MEV on Bitcoin 01:02:03 Miners & economies of scale 01:09:55 Drive chains & merged mining 01:14:21 Meta protocols & centralization 01:18:55 Miners & meme coins 01:20:21 Ordinals' impact on Bitcoin Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Alex B, writer at Bitcoin Magazine and longtime Bitcoin Twitter user, joins The Gwart Show in this two part series on the heart and soul of Bitcoin maximalism, why it matters, if Bitcoin Season 2 is a sham and, of course, if Ethereum is a scam.


Follow our guest on Twitter: @bergealex4


Follow our host: @gwartygwart


Chapter Markers:

00:00:00 Start

00:00:18 Introducing Alex Be 

00:05:41 Bitcoin scaling discussion

00:17:44 Necessary Bitcoin primitives

00:36:02 Protocols & Bitcoin economy

00:38:18 Incremental vs risky changes

00:48:30 Eric & Rudy's views

00:49:44 Bitcoiners' concerns

00:50:50 Defi's degeneracy

01:00:31 MEV on Bitcoin

01:02:03 Miners & economies of scale

01:09:55 Drive chains & merged mining

01:14:21 Meta protocols & centralization

01:18:55 Miners & meme coins

01:20:21 Ordinals' impact on Bitcoin


Enjoy the show? Check out our website and newsletter by clicking here.


Questions or want to sponsor? hello@blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 5379 Solana, What’s Right And What’s Wrong Eugene Chen, co-founder of Ellipsis Labs, discusses the future of decentralized finance, Solana's vision for transforming traditional finance, and how Phenix aims to redefine on-chain trading. He also shares insights on the Ethereum vs. Solana debate and the challenges of optimizing blockchains for Defi applications. Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. 00:00:00 Start 00:00:18 Eugene's background  00:01:17 Defi work before Ellipsis 00:02:21 From HFT to Defi 00:05:25 Competing with TradFi 00:08:07 Phenix as proof of concept 00:10:18 Providing better liquidity 00:13:48 Solana's issues & progress 00:16:47 Solana's research focus 00:19:24 Gita removes mempool  00:20:28 MEV: AMMs vs order books 00:23:43 Ethereum MEV direction 00:25:13 Solana's speed & MEV 00:29:07 Ellipsis' 5-15yr vision 00:35:09 Ideal decentralization  00:35:50 Solana token & platform 00:38:16 Economic security as meme 00:41:33 Defi's on-chain strengths 00:44:47 Rollups & interoperability 00:48:30 Valid Solana criticisms 00:51:31 Solana vs new fast chains This show is produced by Blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 07 Apr 2024 13:00:00 -0000 Solana, What’s Right And What’s Wrong full Blockspace Media Eugene Chen of Ellipsis Labs joins the show to discuss Solana's infrastructure strengths and weaknesses compared to other chains. Eugene Chen, co-founder of Ellipsis Labs, discusses the future of decentralized finance, Solana's vision for transforming traditional finance, and how Phenix aims to redefine on-chain trading. He also shares insights on the Ethereum vs. Solana debate and the challenges of optimizing blockchains for Defi applications. Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. 00:00:00 Start 00:00:18 Eugene's background  00:01:17 Defi work before Ellipsis 00:02:21 From HFT to Defi 00:05:25 Competing with TradFi 00:08:07 Phenix as proof of concept 00:10:18 Providing better liquidity 00:13:48 Solana's issues & progress 00:16:47 Solana's research focus 00:19:24 Gita removes mempool  00:20:28 MEV: AMMs vs order books 00:23:43 Ethereum MEV direction 00:25:13 Solana's speed & MEV 00:29:07 Ellipsis' 5-15yr vision 00:35:09 Ideal decentralization  00:35:50 Solana token & platform 00:38:16 Economic security as meme 00:41:33 Defi's on-chain strengths 00:44:47 Rollups & interoperability 00:48:30 Valid Solana criticisms 00:51:31 Solana vs new fast chains This show is produced by Blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices Eugene Chen, co-founder of Ellipsis Labs, discusses the future of decentralized finance, Solana's vision for transforming traditional finance, and how Phenix aims to redefine on-chain trading. He also shares insights on the Ethereum vs. Solana debate and the challenges of optimizing blockchains for Defi applications.


Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics.


00:00:00 Start

00:00:18 Eugene's background 

00:01:17 Defi work before Ellipsis

00:02:21 From HFT to Defi

00:05:25 Competing with TradFi

00:08:07 Phenix as proof of concept

00:10:18 Providing better liquidity

00:13:48 Solana's issues & progress

00:16:47 Solana's research focus

00:19:24 Gita removes mempool 

00:20:28 MEV: AMMs vs order books

00:23:43 Ethereum MEV direction

00:25:13 Solana's speed & MEV

00:29:07 Ellipsis' 5-15yr vision

00:35:09 Ideal decentralization 

00:35:50 Solana token & platform

00:38:16 Economic security as meme

00:41:33 Defi's on-chain strengths

00:44:47 Rollups & interoperability

00:48:30 Valid Solana criticisms

00:51:31 Solana vs new fast chains


This show is produced by Blockspace.media

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3342 The How And Why of AMMs With Alex Nezlobin https://blockspace.media/the-gwart-show/ Mechanism this, mechanism that. Why does crypto infrastructure even matter? Gwart tunes in with Alex Nezlobin to discuss the history and importance of AMMs like Uniswap. Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Chapter Markers: 00:00:00 Start 00:01:11 Alex's Background 00:04:21 Problems in TradFi 00:06:29 Alex's Interest in AMMs 00:17:16 Robinhood & Payment for Order Flow 00:22:52 The Future of AMMs 00:27:31 Frontrunning & Insider Trading 00:37:31 AMM Landscape on Ethereum 00:46:46 Colocation & Latency 00:52:28 Builder Centralization 01:08:18 Fast Chains & AMM Losses 01:25:13 AMMs in 20 Years 01:34:36 Wrap-up Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 24 Mar 2024 06:00:00 -0000 The How And Why of AMMs With Alex Nezlobin full 1 5 Blockspace Media What's an AMM even anyways? Mechanism this, mechanism that. Why does crypto infrastructure even matter? Gwart tunes in with Alex Nezlobin to discuss the history and importance of AMMs like Uniswap. Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Chapter Markers: 00:00:00 Start 00:01:11 Alex's Background 00:04:21 Problems in TradFi 00:06:29 Alex's Interest in AMMs 00:17:16 Robinhood & Payment for Order Flow 00:22:52 The Future of AMMs 00:27:31 Frontrunning & Insider Trading 00:37:31 AMM Landscape on Ethereum 00:46:46 Colocation & Latency 00:52:28 Builder Centralization 01:08:18 Fast Chains & AMM Losses 01:25:13 AMMs in 20 Years 01:34:36 Wrap-up Learn more about your ad choices. Visit megaphone.fm/adchoices Mechanism this, mechanism that. Why does crypto infrastructure even matter? Gwart tunes in with Alex Nezlobin to discuss the history and importance of AMMs like Uniswap.


Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics.


Chapter Markers:

00:00:00 Start

00:01:11 Alex's Background

00:04:21 Problems in TradFi

00:06:29 Alex's Interest in AMMs

00:17:16 Robinhood & Payment for Order Flow

00:22:52 The Future of AMMs

00:27:31 Frontrunning & Insider Trading

00:37:31 AMM Landscape on Ethereum

00:46:46 Colocation & Latency

00:52:28 Builder Centralization

01:08:18 Fast Chains & AMM Losses

01:25:13 AMMs in 20 Years

01:34:36 Wrap-up

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]]> 5706 Rijndael: The Tolerable Taproot Wizard https://podcasters.spotify.com/pod/show/thegwartshow/episodes/Rijndael-The-Tolerable-Taproot-Wizard-e2g6iu2 Rjindael of the the Taproot Wizards joins Gwart to get to the bottom of Bitcoin’s soul search. Does Bitcoin need a revival? Are the Wizards going to hard? Is Lightning really broken? Who will stop the impending flood of Bitcoin MEV? Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Check out our other shows and content by going to https://blockspace.beehiiv.com/subscribe today. Follow our host on Twitter, @gwartygwart. Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 25 Feb 2024 13:30:00 -0000 full Blockspace Media Rjindael of the the Taproot Wizards joins Gwart to get to the bottom of Bitcoin’s soul search. Does Bitcoin need a revival? Are the Wizards going to hard? Is Lightning really broken? Who will stop the impending flood of Bitcoin MEV? Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Check out our other shows and content by going to https://blockspace.beehiiv.com/subscribe today. Follow our host on Twitter, @gwartygwart. Rjindael of the the Taproot Wizards joins Gwart to get to the bottom of Bitcoin’s soul search. Does Bitcoin need a revival? Are the Wizards going to hard? Is Lightning really broken? Who will stop the impending flood of Bitcoin MEV? Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Check out our other shows and content by going to https://blockspace.beehiiv.com/subscribe today. Follow our host on Twitter, @gwartygwart. Learn more about your ad choices. Visit megaphone.fm/adchoices

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]]> 9319 no We're Pretty Sure Mike and Max Can Fix MEV https://podcasters.spotify.com/pod/show/thegwartshow/episodes/Were-Pretty-Sure-Mike-and-Max-Can-Fix-MEV-e2fvdgm Mike Neuder of the EF and Max Resnick of SMG join Gwart to fix Ethereum MEV in one podcast. Mike, Max and Gwart talk MEV, Bitcoin and more. Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Check out our other shows and content by going to https://blockspace.beehiiv.com/subscribe today. Follow our host on Twitter, @gwartygwart. Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 19 Feb 2024 14:00:00 -0000 full Blockspace Media <p>Mike Neuder of the EF and Max Resnick of SMG join Gwart to fix Ethereum MEV in one podcast. Mike, Max and Gwart talk MEV, Bitcoin and more.</p> <p>Published randomly, &quot;The Gwart Show” gets to the bottom of crypto’s toughest topics.</p> <p>Check out our other shows and content by going to https://blockspace.beehiiv.com/subscribe today.</p> <p>Follow our host on Twitter, @gwartygwart.</p> Mike Neuder of the EF and Max Resnick of SMG join Gwart to fix Ethereum MEV in one podcast. Mike, Max and Gwart talk MEV, Bitcoin and more. Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Check out our other shows and content by going to https://blockspace.beehiiv.com/subscribe today. Follow our host on Twitter, @gwartygwart. Learn more about your ad choices. Visit megaphone.fm/adchoices Mike Neuder of the EF and Max Resnick of SMG join Gwart to fix Ethereum MEV in one podcast. Mike, Max and Gwart talk MEV, Bitcoin and more.

Published randomly, "The Gwart Show” gets to the bottom of crypto’s toughest topics.

Check out our other shows and content by going to https://blockspace.beehiiv.com/subscribe today.

Follow our host on Twitter, @gwartygwart.

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]]> 6675 no Was The Rollup Roadmap A Mistake? With Anatoly Yakovenko https://podcasters.spotify.com/pod/show/thegwartshow/episodes/Was-The-Rollup-Roadmap-A-Mistake--With-Anatoly-Yakovenko-e2fhvkp Gwart interviews Solana Phone CEO Anatoly Yakovenko to talk Eth, monolithic architecture and more. Subscribe to our newsletter: https://blockspace.media/ Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 09 Feb 2024 13:00:00 -0000 full 2 Blockspace Media <p>Gwart interviews Solana Phone CEO Anatoly Yakovenko to talk Eth, monolithic architecture and more.</p> <p><br></p> <p>Subscribe to our newsletter: https://blockspace.media/</p> Gwart interviews Solana Phone CEO Anatoly Yakovenko to talk Eth, monolithic architecture and more. Subscribe to our newsletter: https://blockspace.media/ Learn more about your ad choices. Visit megaphone.fm/adchoices Gwart interviews Solana Phone CEO Anatoly Yakovenko to talk Eth, monolithic architecture and more.


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]]> 5251 yes Where Eric Wall Defends His Wizard Costume https://podcasters.spotify.com/pod/show/thegwartshow/episodes/Where-Eric-Wall-Defends-His-Wizard-Costume-e2edcau We are joined by Eric Wall, someone with too much time and tokens on their hands, to talk about Bitcoin Ordinals, smart critiques of Ethereum and Bitcoin MEV. Learn more about your ad choices. Visit megaphone.fm/adchoices Sat, 13 Jan 2024 18:44:25 -0000 full Blockspace Media <p>We are joined by Eric Wall, someone with too much time and tokens on their hands, to talk about Bitcoin Ordinals, smart critiques of Ethereum and Bitcoin MEV.</p> We are joined by Eric Wall, someone with too much time and tokens on their hands, to talk about Bitcoin Ordinals, smart critiques of Ethereum and Bitcoin MEV. Learn more about your ad choices. Visit megaphone.fm/adchoices We are joined by Eric Wall, someone with too much time and tokens on their hands, to talk about Bitcoin Ordinals, smart critiques of Ethereum and Bitcoin MEV.

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