Podcasts about blockdaemon

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Best podcasts about blockdaemon

Latest podcast episodes about blockdaemon

Brazil Crypto Report
Live from Merge Buenos Aires: Innovate or Adapt? How Traditional Finance is Embracing Crypto and Blockchain

Brazil Crypto Report

Play Episode Listen Later Apr 18, 2025 35:41


In this panel from Merge Buenos Aires hosted by BCR's Aaron Stanley, industry leaders from Banco Santander, GK8 by Galaxy, Manteca, and BlockDaemon discuss the accelerating institutional adoption of digital assets and blockchain technology. - Coty de Monteverde, Global Blockchain CTO at Banco Santander- Kaushal Sheth, Head of US Sales at BlockDaemon- Federico Goldberg, CEO at Manteca- May Michelson, Director of Global Sales at GK8 by GalaxyKey Takeaways:- The crypto market is experiencing a paradigm shift from retail to institutional leadership, driven by regulatory clarity in the US and Europe. - Banks are primarily focused on bitcoin, stablecoins, and tokenization as their entry points into digital assetsF- Financial institutions require significantly higher security standards for crypto custody, with an emphasis on risk management and regulatory complianceChapter Timestamps0:00 - Introduction and Panel Overview2:35 - The Shift from Retail to Institutional Crypto7:12 - Regulatory Changes Driving Bank Adoption12:45 - European Market: MiCA Implementation Effects17:30 - Latin American Adoption: Customer-Driven Approach22:18 - Security Standards for Financial Institutions28:54 - Custody Solutions: Hot vs. Cold Wallets34:10 - Santander's Blockchain Journey38:25 - Key Focus Areas: Bitcoin, Stablecoins, Tokenization43:15 - Implementation Best Practices for Banks48:40 - Future Outlook and Closing Remarks-------------------------------------------------------------------Binance is the largest platform for trading of digital assets. With over 250 million users around the world, the exchange offers over 350 trading pairs, best-in-class products and services for investors, and advanced tools for institutions players.Binance currently holds over US$ 160 billion in user assets under custody and reached a cumulative historical trading volume of $100 trillion in 2024, showcasing the trust placed in it by users worldwide. With user-focus at the core of its DNA, Binance continuously invests to increase usability, bring new features and deepen security.Liquidity matters. Security is non-negotiable.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join Binance Now⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠----------------------------------------------------------------

Geeks Of The Valley
#107: From Big Platforms to Big Ambitions with Optimist Ventures' Teddy Himler

Geeks Of The Valley

Play Episode Listen Later Feb 24, 2025 28:15


Teddy Himler brings over 15 years of global experience at leading institutions, including Goldman Sachs, SoftBank, Comcast Ventures, and Antler, to his role at Optimist Ventures.Throughout his career, Teddy has cultivated deep expertise in global technology trends, innovative business models, and firm-building, with a focus on sectors such as artificial intelligence, insurance, healthcare, and industrial automation.At Antler, Teddy served as a partner, where he played a key role in the firm's growth, helping it become the world's most active early-stage venture capital firm by deal count.Prior to Antler, Teddy was instrumental in scaling SoftBank's operations in both the U.S. and Southeast Asia. In 2018, he launched SoftBank Group International's first New York City office, where he managed assets outside of SoftBank's Vision Fund, including Arm, Sprint, Boston Dynamics, and Brightstar. Earlier, as SoftBank Capital's first West Coast hire, Teddy served as Vice President, spearheading its Southeast Asia strategy from Jakarta while collaborating with partners like Alibaba.From 2018 to 2021, Teddy was a Principal at Comcast Ventures in New York, where he focused on investments in consumer internet, robotics, fintech (including insurtech and crypto), and other emerging technologies as part of Comcast's corporate venture capital platform.Teddy began his career at Goldman Sachs as an investment banking analyst in the Technology, Media & Telecom group in San Francisco. He holds a B.A. in Government and Economics from Harvard University.Over the years, Teddy has backed five unicorns at the seed or Series A stages and has been a deal team leader or member in numerous landmark investments, including Kabbage, Fitbit, Dialpad, BigCommerce, Grab, Tokopedia, Cheddar, Acorns, Hippo, Blockdaemon, Madison Reed, Blockchange, ABL Space, KeyMe, Arm, Boston Dynamics, SoftBank Robotics, Sprint, Cybereason, Zola, SoFi, Airspan, OneWeb, Kindbody, Berkshire Grey, Lemonade, Brightstar, Airalo, Earlytrade, Folio, Ora Health, Endless Health, and Inshur.Teddy's career reflects a track record of identifying transformative technologies and building global ventures, making him a key figure in the venture capital ecosystem.LinkedIn: https://www.linkedin.com/in/teddy-himler-84674719/

Digital Currents
Huge Fed Rate Cuts & What They Mean for Crypto

Digital Currents

Play Episode Listen Later Sep 20, 2024 51:51


n this week's ABCD Roundup, we explore the broader market impact of the long-awaited 50 bps rate cut by the Fed, including its effect on Bitcoin and financial markets. We also discuss Blockdaemon's plans for a 2026 IPO as the blockchain infrastructure provider expands in Asia. Join us as we explore these key intersections of technology, finance, and governance. Remember to Stay Current! To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital. To speak to a team member or sign up for additional content, please email mcdigital@morgancreekcap.com

The Peel
Building boldstart ventures from $1M to $850M with Ed Sim

The Peel

Play Episode Listen Later Jun 20, 2024 105:15


Get Attio, the next generation of CRM: https://bit.ly/AttioThePeel Ed Sim is the Founder of boldstart ventures, which partners with bold founders reinventing the enterprise stack at the inception stage. Ed takes us inside the journey building boldstart, from its first $1m fund in 2010 up to $850m in AUM today. Timestamps: (00:00) Intro (03:48) Evolution of early stage investing(05:11) Inception stage investing (10:32) Backing bold founders reinventing the enterprise stack(11:20) Repeatable ways to build enterprise businesses (12:04) The 5 P's of early stage investing (14:12) Backing Guy Podjarny and Snyk (18:18) Knowing when to follow-on (19:18) The 3 Ch's of a good board member (22:01) How Ed's board role changes over time (24:20) Balancing founder friendly with returns (27:20) How to build customer relationships (30:24) Advice for closing customers (33:47) Creating the Seed category in 2009/10 (37:31) boldstart's $1m Fund 1 (39:00) Why Ed didn't join a large firm in 2012 (39:55) boldstart's $16.5m Fund 2 (40:26) Why LPs passed on the first funds (43:11) Leading rounds in Kustomer, Snyk, BigID, and Blockdaemon in Fund 3 (47:09) Why $112m Fund 4 was the hardest to raise(50:52) Ed's approach to LP fundraising (55:12) Inside Meta's acquisition of Kustomer and sale back to the founders (59:52) Backing Rahul from Superhuman a 2nd time (01:00:52) The different GTM playbooks (01:02:20) Importance of contract size and time to close (01:05:07) Why AI makes security more important (01:06:11) When to switch from founder-led sales(01:07:46) Backing ProtectAI after a conference (01:08:28) Balancing between inbound and outbound sales (01:09:55) Winners and losers in AI (01:15:26) Building the boldstart team (01:25:19) Lessons being an interim CEO (01:27:15) How ZIRP pulled revenue forward (01:29:08) The death of high growth software (01:32:58) Identifying startup opportunities incumbents won't crush (01:35:00) Second order effects of AI (01:36:46) Using "Intuitive TAM" to size new markets (01:38:04) Investing before there's a market map (01:38:57) Balancing family, fitness, and career Referenced: https://boldstart.vc/ Turning Down HBS: https://x.com/edsim/status/1315644287007240193 Ed's tweet on raising Fund 4: https://x.com/edsim/status/1315644287007240193 Second Order Effects of AI: https://www.whatshotit.vc/p/whats-in-enterprise-itvc-379 Death of Hyper Growth: https://x.com/edsim/status/1797613384994623808 Where to find Ed: Twitter: https://twitter.com/edsim LinkedIn: https://www.linkedin.com/in/edsim/ Newsletter: https://www.whatshotit.vc/ Where to find Turner: Twitter: https://twitter.com/TurnerNovak LinkedIn: https://www.linkedin.com/in/turnernovak/ Newsletter: https://www.thespl.it/

Human Capital Innovations (HCI) Podcast
Special Episode - Improving Employee Experience, with Tim Ringel

Human Capital Innovations (HCI) Podcast

Play Episode Listen Later Jun 18, 2024 28:26


In this podcast episode, Dr. Jonathan H. Westover talks with Tim Ringel about improving employee experience. A company builder at heart, Tim is a serial entrepreneur and start-up investor with a portfolio of over 50 companies mainly in the digital technology space in Europe, the US and Asia. His pre-IPO investment track record counts well know names like AirBnB (IPO), Animoca Brands, BlockDaemon, Cobi (sold), Contentful, Klarna, Knip (sold), Kreditech (sold), Mambu, Meet The People, Palantir (IPO), Pamono (sold), Slang Worldwide (IPO), SoFi (IPO), Spotify (IPO), SpaceX, Tonibox (IPO) and many more. Tim is a frequent speaker at industry events around the Globe and is an active supporter of entrepreneurial associations. Check out all of the podcasts in the HCI Podcast Network! Check out the ⁠HCI Academy⁠: Courses, Micro-Credentials, and Certificates to Upskill and Reskill for the Future of Work! Check out the LinkedIn ⁠Alchemizing Human Capital⁠ Newsletter. Check out Dr. Westover's book, ⁠The Future Leader⁠. Check out Dr. Westover's book, ⁠'Bluer than Indigo' Leadership⁠. Check out Dr. Westover's book, ⁠The Alchemy of Truly Remarkable Leadership⁠. Check out the latest issue of the ⁠Human Capital Leadership magazine⁠. Each HCI Podcast episode (Program, ID No. 655967) has been approved for 0.50 HR (General) recertification credit hours toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Each HCI Podcast episode (Program ID: 24-DP529) has been approved for 0.50 HR (General) SHRM Professional Development Credits (PDCs) for SHRM-CP and SHRM-SCPHR recertification through SHRM, as part of the knowledge and competency programs related to the SHRM Body of Applied Skills and Knowledge™ (the SHRM BASK™). Human Capital Innovations has been pre-approved by the ATD Certification Institute to offer educational programs that can be used towards initial eligibility and recertification of the Certified Professional in Talent Development (CPTD) and Associate Professional in Talent Development (APTD) credentials. Each HCI Podcast episode qualifies for a maximum of 0.50 points.

Centers and Institutes
Mitsui Lunch-Time Forum: A Non-Traditional Path to Career Success

Centers and Institutes

Play Episode Listen Later Feb 20, 2024 65:42


Viktor Bunin leads the Protocol Specialist team at Coinbase Cloud, the largest staking infrastructure provider. He is the industry's first Protocol Specialist, a role he created as an early employee of Bison Trails (acquired by Coinbase) that has now become an industry staple at organizations like al6z and Blockdaemon. Viktor is also the co-founder of Credibly Neutral, a venture fund invest- ing in protocols, infrastructure, and crypto SaaS. He graduated Baruch College with double majors of Economics and Psychology from the Weissman School of Arts and Sciences. He lives in Brooklyn with his wife Lisa, son Sasha, and dog Korra.

FYI - For Your Innovation
Decoding Crypto Infrastructure with Blockdaemon

FYI - For Your Innovation

Play Episode Listen Later Jan 18, 2024 54:05


On this episode of FYI, we dive into the intricacies of crypto infrastructure with Konstantin Richter, the CEO and founder of Blockdaemon, and Chris Sharp, Blockdaemon's Chief Technology Officer (CTO). They cover Blockdaemon's journey, highlighting the challenges and opportunities in the early crypto market. Konstantin and Chris share insights into the evolving belief in cryptocurrencies like Bitcoin and Ethereum, reflecting on their growing acceptance in mainstream finance. They then discuss developing Blockdaemon's product suite, transitioning from basic node operations to sophisticated services like staking and Application Programming Interface (API) integrations. The conversation explores the importance of decentralization and multi-party computation in ensuring crypto security, emphasizing Blockdaemon's commitment to robust and reliable infrastructure. Finally, they touch on the diverse regulatory landscapes in Asia, Europe, and the U.S., exploring their impact on the crypto industry and the future possibilities in this rapidly evolving sector."Not a lot of people saw the benefit of like, ‘Hey, why do I want to pay someone to do something? I can just download some open-source software and run on the server myself'. Even if it's janky, the requirements in the network and expectation around crypto was low enough that people weren't like, ‘Hey, I need to make sure there's instant settlement that my transaction goes through.'” - Konstantin Richter Key Points From This Episode:Origin of BlockdaemonUnique challenges in maintaining and operating crypto infrastructureThe importance of multi-party computation in crypto securityThe evolving belief and adoption of Bitcoin and EthereumDecentralization and resistance to censorship in cryptoBlockdaemon's impact on crypto infrastructureAcquiring a wallet company, Sepior, and its implicationsBlockdaemon's product evolutionThe importance of reliability and distributed computing in crypto networksPerspectives on the evolution of the crypto market

Crypto Hipster Podcast
The importance of capturing proof of authenticity while empowering a decentralized network of networks for the Web Three world, with Adam Helfgott @ Valence

Crypto Hipster Podcast

Play Episode Listen Later Oct 14, 2023 46:21


Adam Helfgott is a serial entrepreneur with 20+ years of experience building tech companies in media and Web 3.0. Prior to co-founding Valence, he co-founded, built, and sold marketing technology companies eCamp.net and Lookbooks.com and is the current Executive Chairman of the Board of Madhive, an adtech company. Adam is the founder of the non-profit consortium Ledger Alliance, home of AdLedger, with a mission to create open technical standards that leverage blockchain and cryptography in digital media with a focus on portable identity and value attribution. Today, AdLedger encompasses more than 90 members, representing brands, publishers, agencies, and tech companies. Adam also serves on the advisory board of Blockdaemon.  Twitter: https://twitter.com/adamhelfgott LinkedIn:https://www.linkedin.com/in/adamhelfgott/ --- Support this podcast: https://podcasters.spotify.com/pod/show/crypto-hipster-podcast/support

Origins - A podcast about Limited Partners, created by Notation Capital
Q4 Market Predictions w/ Ed Sim (Boldstart) & Seyonne Kang (StepStone)

Origins - A podcast about Limited Partners, created by Notation Capital

Play Episode Listen Later Oct 3, 2023 64:18


In this episode of Origins, Nicholas Chirls (Notation) and Beezer Clarkson (Sapphire Partners) host Ed Sim, founder of Boldstart and Seyonne Kang, Partner at StepStone. Ed is the founder of boldstart ventures, a day-one partner and true believer for developer first, enterprise infra, & SaaS founders. He is currently a board member/observer of Snyk, Blockdaemon, Kustomer (sold to Meta), BigID, Protect AI, Env0, among many others. Seyonne is a member of the private equity team, focusing on venture capital and growth equity investments. Prior to StepStone, she was a partner with Greenspring Associates, a venture capital and growth equity investment firm that merged with StepStone in 2021. We cover a wide range of topics, including our predictions for Q4 fundraising, when the market will bottom (if it hasn't already), what happens to multi-stage firms, AI (and other) hype cycles, and how VCs can and should think about liquidity in a market like this. Enjoy! Links to articles discussed: Best startup locations in the US Raise Less, Build More

Hedgework-Talk rund um alternative, digitale und nachhaltige Investments
Die Blockchain-Technologie steht in der Finanzindustrie vor dem Durchbruch #59 mit Stefan Schmitt

Hedgework-Talk rund um alternative, digitale und nachhaltige Investments

Play Episode Listen Later Sep 28, 2023 25:56


Die Akzeptanz von Krypto als Asset-Klasse wächst unter institutionellen Investoren. Viel wichtiger ist nach Ansicht von Stefan Schmitt, dass die Blockchain-Technologie viele Effizienz-Vorteile gerade für die Finanzindustrie bietet und hier kurz vor dem Durchbruch stehen könnte. Der schnellere und kostengünstigere Handel mit Anleihen oder Aktien ist hier nur ein Beispiel für den Einsatz der Technologie. Stefan Schmitt ist Sales Director bei Blockdaemon, einem der führenden Anbieter von Bausteinen für die Blockchain-Infrastruktur. Sein Unternehmen arbeitet mit großen Banken zusammen, die mit der Blockchain-Technologie Abläufe effizienter gestalten wollen. „Blockdaemon ist einer der Gründe, warum viele Banken und Finanzinstitute sich der Blockchain-Technologie überhaut ernsthaft annehmen können“, sagt Stefan Schmitt. Im Hedgework-Talk erfahren Sie: - Welche Unterschiede es bei Blockchain-Modellen gibt - Warum Europa sehr gute Voraussetzungen für Unternehmen bietet, die sich mit Blockchain-Technologie beschäftigen - Weshalb Finanzunternehmen die Blockchain-Technologie einsetzen sollten - Warum Banken kurz davorstehen, mit Blockchain-Dienstleistungen an den Markt zu kommen - Worauf Investoren bei der Auswahl von Blockchain-Projekten achten sollten Weitere Informationen: [Stefan Schmitt](https://www.linkedin.com/in/stefan--schmitt/) [Blockdaemon](https://www.blockdaemon.com/)

Crypto Hipster Podcast
Leadership Insights and the Future of Decentralized Data Networks with Lloyd Moore @ Valence

Crypto Hipster Podcast

Play Episode Listen Later Jun 18, 2023 31:51


Lloyd Moore is the Chief Technology Officer at Valence Blockchain. Lloyd is a dynamic and multifaceted technology executive with a remarkable, diverse background. From serving as a Commando in the Royal Marines to excelling in professional rugby and athletics, Lloyd's journey is nothing short of extraordinary. His distinct path led him to delve into the realms of electronics and software engineering, where he ignited his passion for decentralized networks and technology innovation. Lloyd's technical leadership capabilities have been tested and proven through his impressive tenure at Blockdaemon Engineering. Starting with a team of just 10 engineers, Lloyd's strategic direction and people-focused leadership expanded the engineering team nearly twenty-fold to almost 200, culminating in Blockdaemon's valuation skyrocketing to a staggering $3.25 billion. Unwavering in his pursuit of tech advancement, Lloyd adeptly operates at all levels of a technology business, merging his leadership skills with hands-on knowledge of the industry. His technological proficiency extends beyond the confines of his professional life, as he enthusiastically immerses himself in DIY electronic projects and new coding languages in his leisure time. --- Support this podcast: https://podcasters.spotify.com/pod/show/crypto-hipster-podcast/support

The Fintech Blueprint
Building an $800MM blockchain infrastructure company with Quicknode COO, Jackie Kennedy

The Fintech Blueprint

Play Episode Listen Later May 12, 2023 42:14


Lex chats with Jacqueline Kennedy, Chief Operating Officer at Quicknode - a Web3 infrastructure platform, that helps developers and businesses build, launch, and scale blockchain-powered applications (dApps). In this episode, Jackie and Lex touch on understanding cloud infrastructure companies like DigitalOcean and AWS, understanding developer, client needs and commercial outcomes across different lines of the Web3 infrastructure business, and a deep dive into the confluence of computational and financial value in Web3. Finishing off on navigating the Multichain Future and evaluating dependencies, challenges, and future prospects of Web3 vs Big Tech.   MENTIONED IN THE CONVERSATION Quicknode's Website: https://bit.ly/3nYHbCrJackie's LinkedIn profile: https://bit.ly/3MjHCRa Topics: Web3, infrastructure, big tech, NFT, blockchain, API, development, DApps Companies: Quicknode, Blockdaemon, AWS, DigitalOcean ABOUT THE FINTECH BLUEPRINT 

The Logistics of Logistics Podcast
Silicon Valley in a Box with Mike Zayonc

The Logistics of Logistics Podcast

Play Episode Listen Later May 5, 2023 57:59


Mike Zayonc and Joe Lynch discuss Silicon Valley in a box, a nickname for Plug and Play Ventures, a global startup accelerator and venture capital firm based in Silicon Valley, California. Mike is a Partner at Plug and Play where he founded the firm's $25.5M Supply Chain Fund and Supply Chain accelerator program. About Mike Zayonc Mike Zayonc is a Partner at Plug and Play where he founded the firm's $25.5M Supply Chain Fund as well as the Supply Chain accelerators based in Silicon Valley, Savannah, Toronto, Northwest Arkansas, Hamburg, and Shanghai in partnership with 60+ corporate partners such as Walmart, TJX, Tyson Foods, JB Hunt, Shell, DHL, Kohls, Japan Post, Yamato, Maersk, Ryder, Prologis, BASF, ArcelorMittal, ExxonMobil, United States Postal Service, Arcbest, Mitsubishi Electric, Georgia Pacific, Trimac, Crowley Martime, etc... This program is responsible for accelerating hundreds of startups and investing 60+ supply chain related startups at the seed stage including Rappi, Einride, Shippo, Cogniac, Repowr, Koffie Labs, Oloid, etc. Prior to joining Plug and Play, Mike was a serial entrepreneur from Vancouver, Canada. Mike graduated from the University of British Columbia with a Bachelor of Management, where he specialized in studying Entrepreneurial Technology and Finance. Throughout University Mike maintained a full-ride athletic scholarship for competing across Canada in men's varsity basketball. About Plug and Play Plug and Play is a global innovation platform that connects startups, corporations, venture capital firms, universities, and government agencies. The firm is headquartered in Silicon Valley and has a presence in more than 40 locations across five continents. Plug and Play offers corporate innovation programs and assists corporate partners at every stage of their innovation journey, from education to execution. The firm also organizes startup acceleration programs and is among the most active investors worldwide, with over 200 investments per year driving innovation across multiple industries. Plug and Play's portfolio comprises companies such as Dropbox, Guardant Health, ApplyBoard, Course Hero, Einride, Honey, Blockdaemon, N26, PayPal, and Rappi. Key Takeaways: Silicon Valley in a Box with Mike Zayonc Mike Zayonc is a Partner at Plug and Play Ventures a global startup accelerator and venture capital firm based in Silicon Valley, California. The firm was founded in 2006 by Saeed Amidi, who is also the CEO of Plug and Play Tech Center, a startup incubator and co-working space. Plug and Play Ventures invests in early-stage startups across various industries, including fintech, healthtech, insurtech, and mobility, among others. The firm has a portfolio of over 1,200 companies, including notable successes like Dropbox, PayPal, and LendingClub. Plug and Play Ventures provides more than just funding to startups; it also offers mentorship, resources, and access to a vast network of corporate partners, investors, and mentors. The firm has a presence in over 35 locations globally, including in the US, Europe, Asia, and the Middle East. Plug and Play Ventures typically invests between $25,000 and $500,000 in startups, with the potential for follow-on funding in later rounds. The firm is known for its industry-specific accelerator programs, which provide startups with tailored resources and connections to help them grow and succeed. Plug and Play Ventures is also actively involved in corporate innovation, working with established companies to help them stay competitive and innovative in the face of disruption. The firm has a strong commitment to diversity and inclusion, with initiatives like its Female Founders program and partnerships with organizations like Black Founders Matter. Learn More About Silicon Valley in a Box Mike on LinkedIn Plug and Play on LinkedIn Plug and Play Website Plug and Play Silicon Valley June Summit 2023 The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube

Chain Reaction
Building on Coinbase's Base (w/ Jesse Pollak)

Chain Reaction

Play Episode Listen Later Apr 20, 2023 30:36


Welcome to Chain Reaction. A show that unpacks and dives deep into the latest trends, drama and news with some of the biggest names in crypto breaking things down block by block for the crypto curious. For this week's episode, Jacquelyn interviewed Jesse Pollak, the lead for Base and head of protocols at Coinbase. Base is an Ethereum-focused layer 2 blockchain launched by Coinbase in February of this year. Pollak previously led all retail engineering at Coinbase, including building Coinbase, Coinbase Pro, and Coinbase Wallet. In a past life, Pollak started Clef, a 2FA mobile app and was an engineer at BuzzFeed. A number of crypto businesses, platforms, marketplaces and infrastructure firms have committed to building on Base. Those that plan to be involved include Blockdaemon, Chainlink, Etherscan, Quicknode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole and Gelato, to name a handful.Of course, we talked a lot about Base and where it's headed in the future, as well as how regulation could affect the blockchain and the timeline for its Mainnet launch; Pollak shared it's aiming for 2023.We also dove into: Decentralizing BaseBlockchain inspirationCoinbase's role in BaseAdvice for developersChain Reaction comes out every other Thursday at 12:00 p.m. PT, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.The TechCrunch Podcast Network has been nominated for two Webbys in the Best Technology Podcast category. You can help TechCrunch win by voting for Chain Reaction, which digs into the wild world of crypto. Or Found which brings you the stories behind the startups by sitting down with the founders themselves. Please take a few moments to vote here. Voting closes April 20. (Obviously, I host Chain Reaction, so vote for my show!)Mentioned in the show: https://techcrunch.com/2023/02/23/coinbase-launches-blockchain-base-to-help-developers-build-dapps-on-chain/

あたらしい経済ニュース(幻冬舎のブロックチェーン・仮想通貨ニュース)
【インタビュー】ソフトバンクら出資「Blockdaemon」、ステーキングと米国暗号資産規制を語る(Konstantin Richter / Chris Sharp)

あたらしい経済ニュース(幻冬舎のブロックチェーン・仮想通貨ニュース)

Play Episode Listen Later Dec 26, 2022 27:10


「あたらしい経済」編集部は、ブロックデーモン(Blockdaemon)の創業者でCEOのコンスタンチン・リヒター(Konstantin Richter)氏とCTOのクリス・シャープ(Chris Sharp)へ取材を行った。 ブロックデーモンは、機関投資家向けに暗号資産(仮想通貨)のステーキングとノード管理のインフラを提供する企業だ。なおこれまでに同社はソフトバンクの「Vision Fund 2」、ゴールドマンサックス、セールスフォースおよびシティバンクなどから資金調達を行なっている。2022年1月にブロックデーモンの評価額は32億5000万ドル(約4100億円)となっている。 今回「あたらしい経済」編集部は、大型資金調達の背景、ステーキングビジネスの構造やガバナンス、ステーキングに関する米国の規制動向、そして暗号資産市場への見立てについてポッドキャストで語ってもらった。 聞き手:竹田匡宏(あたらしい経済) 取材日:2022年11月7日 ※本インタビューは英語です。 ●この番組は一般的な情報の提供のみを目的として配信しているものであり、いかなる暗号資産、有価証券等、その他のデジタルアセットの取得を勧誘するものではありません。また、当社及び出演者による投資助言を目的としたものではありません。暗号資産投資、その他投資にはリスクが伴います。投資を行う際はリスクを了承の上、ご自身の判断で行っていただくよう、お願い申し上げます。

blockdaemon chris sharp konstantin richter
MBIT: Venture Capital | Entrepreneurship | Technology
Building a $10 Billion Venture Capital Firm From Scratch w/ Jai Das (Co-Founder of Sapphire Ventures)

MBIT: Venture Capital | Entrepreneurship | Technology

Play Episode Listen Later Nov 7, 2022 20:57


Jai Das is Co-Founder, President, and Partner at Sapphire Ventures, which currently has $10 billion AUM. Fourteen of Jai's investments (including Square and MuleSoft) have become publicly traded companies and more than 15 have been acquired. Jai's focus is on SaaS and the next big thing in crypto—B2B Blockchain Infrastructure—and has led investments such as a $210M Series C into FalconX, now valued at $3.75 Billion, and a $207 million Series C into Blockdaemon, now valued at $3.25 Billion. He is also a valued voice on how VCs or founders can weather the current market turbulence (potentially even coming out ahead), having weathered multiple market cycles. To hear the full story of how he kickstarted his career in venture after immigrating from India, listen to the episode above.Twitter of Host: @mbitpodcastTwitter of Guest: @jai_das

Cloud N Clear
WHAT IS WEB3: HOW BlOCKDAEMON SECURLEY CONNECTS BUSINESS AND BLOCKCHAINS / 140

Cloud N Clear

Play Episode Listen Later Nov 1, 2022 30:39


Matrix Moments by Matrix Partners India
157: Institutional Staking in the post merge era

Matrix Moments by Matrix Partners India

Play Episode Listen Later Oct 27, 2022 26:26


In today's episode, Aakash, Principle at Matrix Partners India, talks to Andrew Vranjes, GM, APAC at Blockdaemon, about the future of Staking, selling, and building a business in enterprise in the domain of Web3. Tune in to know more.

Glitter Ledger
Glitter Ledger: Limaris Torres: Engineering the Merge

Glitter Ledger

Play Episode Listen Later Oct 14, 2022 38:11


Limaris is a creme de la creme blockchain engineer specializing in computer and network systems. At the time of this episode's recording, she worked as a Research & Development Engineer at Blockdaemon, a blockchain infrastructure company. Currently, she is a security advisor at Halborn. 

Irish Tech News Audio Articles
MoneyNeverSleeps: Amor Sexton, Blockdaemon and Blockchain Infrastructure

Irish Tech News Audio Articles

Play Episode Listen Later Oct 9, 2022 3:28


Amor Sexton is Head of International Operations for Blockdaemon, the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. This episode of MoneyNeverSleeps is sponsored by SecuriCentrix. SecuriCentrix is a trusted cyber security company with offices in Dublin, Cape Town and London. SecuriCentrix provides expert advisory services, primarily in the finance and fintech industries, with tailored security solutions to fit your specific needs and regulatory challenges. Amor is an experienced global leader with extensive commercial, legal and operational experience, and a diverse background that includes operations, strategy and commercialization, marketing and communications, regulatory and legal, and design and delivery of enterprise-grade products and solutions. KEY QUOTE: “What Blockdaemon really does is provide an easier way for people to participate in networks – what excites me about this is watching blockchain ecosystems grow across all of the different participants in all of the different ways they want to interact.” In this episode, Amor and Pete Townsend talk through her path into blockchain that led her to Blockdaemon, and also dive into: How her legal experience and time working in innovation, technology and financial services gave her the horizontal view of what it takes to run a business, especially in the crypto and blockchain space. The unexpected legal parallels between bitcoin and native tribal fishing rights in Australia and the trigger for Amor's entry point into crypto and blockchain. Amidst all of the noise and the hype, how the simplicity of providing an easier way for people to participate in networks enables web3 ecosystem growth. Why the institutional infrastructure space in crypto and blockchain and institutional client expectations of resilient internal processes and practices can help drive overall blockchain adoption. How the incredibly complex network upgrade that was the Ethereum Merge proved that a decentralized network can operate at scale. How Amor's insatiable curiosity, her tendency to think around corners, join abstract dots and break down a problem into its individual components have impacted her ability to adapt to such a broad range of activities in business. How expressing yourself in such a way that is attuned to your audience brings people along with you for the journey, whether it be a colleague or a client you're trying to win. Amor's creative outlet and how to wind down after a 12-13 hour day by cooking for family and friends. LINKS: Connect with Amor Sexton and learn more about Blockdaemon Follow Blockdaemon on Twitter Episode title inspired by Express Yourself by N.W.A. Leave a review on Apple Podcasts | Podchaser Subscribe on Apple Podcasts | Spotify | Google | Overcast Check out our MoneyNeverSleeps website Subscribe to our newsletter on Substack Follow MoneyNeverSleeps on Twitter Follow Eoin Fitzgerald on Twitter Follow Pete Townsend on Twitter Get in touch at info@moneyneversleeps.ie

MoneyNeverSleeps
193: Express Yourself | Amor Sexton, Blockdaemon and Web3 infrastructure

MoneyNeverSleeps

Play Episode Listen Later Oct 7, 2022 44:26


Amor Sexton is Head of International Operations for Blockdaemon, the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Amor is an experienced global leader with extensive commercial, legal and operational experience, and a diverse background that includes operations, strategy and commercialization, marketing and communications, regulatory and legal, and design and delivery of enterprise-grade products and solutions. This episode of MoneyNeverSleeps is sponsored by SecuriCentrix. SecuriCentrix is a trusted cyber security company with offices in Dublin, Cape Town and London. SecuriCentrix provides expert advisory services, primarily in the finance and fintech industries, with tailored security solutions to fit your specific needs and regulatory challenges. LINKS: Connect with Amor Sexton and learn more about Blockdaemon Follow Blockdaemon on Twitter Episode title inspired by Express Yourself by N.W.A. Leave a review and subscribe on Podchaser | Apple Podcasts | Spotify | Google | Overcast Check out our MoneyNeverSleeps website Follow MoneyNeverSleeps on Twitter Follow Eoin Fitzgerald on Twitter Follow Pete Townsend on Twitter Get in touch at info@moneyneversleeps.ie --- Support this podcast: https://anchor.fm/moneyneversleeps/support

Analyse Asia with Bernard Leong
Blockdaemon in Asia Pacific & Proof of Stake with Andrew Vranjes

Analyse Asia with Bernard Leong

Play Episode Listen Later Sep 20, 2022 43:16


"Without nodes, there's no blockchain. Without blockchain, there's no cryptocurrencies. Without cryptocurrencies, there's no web3. So nodes are the key core fundamental architecture and infrastructure for this ecosystem. Whether you are a persona just trading around the tokens, you need nodes to be performing. So that when you do a trade, read-write transactions happen, you verify how many tokens are in your wallet." -Andrew Vranjes   Fresh out of the studio, Andrew Vranjes, VP of sales & general manager of Blockdaemon Asia Pacific, joined us in a conversation to discuss the business footprint of the company and break down everything on proof of stake. Andrew started from his background and discuss how he invests into web3 companies as an angel. Next, he discuss the importance of nodes and how Blockdaemon is able to ensure an institutional grade infrastructure for blockchain protocols and provide staking for different stakeholders within the web3 ecosystem. Last but not least, he discuss his thoughts on the Ethereum merge and what it means for the greater ecosystem.   Podcast Information:The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Sound credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited by Geoffrey Thomas Craig (LinkedIn).

Level-up Engineering
Leadership Stories from Blockdaemon, the Top Blockchain Infrastructure Scaleup

Level-up Engineering

Play Episode Listen Later Sep 14, 2022 30:32


Interview with Lloyd Moore, VP of Engineering at Blockdaemon. He talks about building and keeping well-aligned teams, planning for success, and reacting to the quick changes of the blockchain field.  https://codingsans.com/engineering-management-newsletter?utm_source=Podcast&utm_medium=platforms (Sign up to the Level-up Engineering newsletter!) In this interview we're covering: Introducing Blockdaemon Preparing for scaling Building successful teams Outsourcing 101 Leadership challenges at Blockdaemon Responding to market changes and competitors Excerpt from the interview: "Having a plan is better than no plan, even if there are some obstacles while executing it. Our plan was to be in a position where we could pivot depending on market needs.  We've always tried to make plans that enabled us to grow organically instead of creating a grand plan for the next few years. We've built some of our components knowing that we may or may not need them in the future, but they allowed us to react to market changes as they were happening." https://codingsans.com/blog/leadership-stories-blockdaemon-lloyd-moore?utm_source=Podcast&utm_medium=platforms (Click here to read the full interview!)

No Sharding - The Solana Podcast
Sid Powell - CEO & Co-Founder, Maple Finance Ep #69

No Sharding - The Solana Podcast

Play Episode Listen Later Jul 5, 2022 42:22


Sid Powell is the CEO & Co-Founder of Maple Finance. Maple is transforming capital markets through technology and count traditional finance and crypto-native firms as customers. Joe McCann guest hosts.00:35 -  What is Maple?                    01:32 - How does Maple determine Credit worthiness?02:55 - Expanding the addressable market  04:35 - Who uses Maple and how they get started08:18 - Defaulting and the recapture of collateral13:21 - Maple's advantages against challenges lenders face in crypto16:45 - Why use Maple: Governance and growth19:27 - From Ethereum to Solana Integration                23:37 - Maple and Composability          27:13- Partnerships and future initiatives29:56 - Bringing non-crypto folks into DeFi / Partnering with Circle32:33 - Views on Contraction              34:59 - How Maple started and where it is going                  39:04 - Monetary policies and how they affect Maple DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. Those who appear in the content may have a financial interest in any projects referenced, and any content herein is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.  This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Joe (00:09):Hey everybody. Welcome back to The Solana Podcast. I'm your guest host, Joe McCann. And today, I have the pleasure of speaking with Maple Finance CEO and founder, Sid Powell. Sid, welcome.Sid (00:22):Hey Joe. Thanks for having me. Great to be here.Joe (00:24):My pleasure. I've been looking forward to this one. For the folks that aren't necessarily familiar with Maple Finance. Can you just maybe give a brief introduction as to who you guys are and what you do?Sid (00:35):So, Maple is a DeFi lending platform. We think of ourselves as a marketplace for institutional lending. So, the right type of mental model to think about that with is, in the same way that Shopify provides out of the box tooling to run an eCommerce business. What Maple is trying to do is provide tooling to run a lending business that just happens to be on chain. So the way that Maple works at a high level is you have managers of pools, we call them delegates, they'll set up a pool, which is like an on chain lending business or on chain credit fund, people and institutions deposit into that. And then, the manager goes and originates loans to corporate borrowers out of it. So, it's recreating a TradFi credit fund or a TradFi lending business, but doing this on-chain.Joe (01:18):That raises a first question for me, that is, if I'm providing a loan to an actual business, how does Maple go about determining the credit worthiness of that particular business?Sid (01:32):It's a good question. And, what we've tried to do with Maple is be asset light, in that, Maple does not want to be the lender or the balance sheet lender itself. Instead, what we're trying to do is give people who have the expertise to underwrite and assess credit. So I think, people who were in credit teams at financial institutions before, or they might have been in investment banking, but they understand credit and underwriting loans. What they're doing is they would follow a fairly conventional process where they would meet the management of the borrower, assess their financials, so balance sheet profitability, and then enter a loan contract with them, and set commercial terms around it. So, it is replicating a fairly conventional and tried and true process of assessing whether a borrower can repay the loan. It's not really reliant on on-chain determinants of credit worthiness in that respect. Really where the blockchain comes in is actually settlement and management of loans and portfolios of loans.Joe (02:28):Got it. That makes total sense. I mean, you're really saying, "Hey look, TradFi folks that understand how to evaluate credit, and credit risk, and credit worthiness, here's a new avenue for you to do this, which is on chain." And so, does that imply that there's more or less a much larger market for this, or is it more just breaking down the barriers of how TradFi credit funds, or credit debts actually tend to work?Sid (02:55):It's both. I often like looking at business history and one of the things I was always really interested in was the way that when Sony released the Walkman, it actually expanded the addressable market of people listening to music, because they made it more portable and therefore easier to access. And so, I think with this, what we're trying to do is we're breaking down the workflows of running a lending business, but we're making it 10X simpler and less costly to run and operate that lending business or credit fund. And so, I think what that does, it actually expands the addressable market of people who can do credit to businesses, institutions and corporate borrowers. I think that market's really underserved, and I think that's actually going to crimp innovation and entrepreneurship in the economy and in the private sector.Sid (03:41):And so, what we're trying to do is expand the supply of people who can operate and run lending businesses, so that the private sector can get access to more and better credit. And the demand for that is not really being well met by the banking sector today. So I think, there are a few suppliers in the private credit or private debt markets. These would include players like Fortress Group. But I think with this technology, if we're successful, we should see a lot more of those types of players, because it will be significantly easier to set up and run that business. Those businesses will be more profitable to run. And, this is beneficial for the economy.Joe (04:19):And so, how does someone get started with Maple then? I mean, it sounds like there may be a couple of different avenues. I just want to make sure we go through the permutations of the opportunities for, say, individuals or actual companies that want to create this Fortress 2.0, if you will.Sid (04:37):Yeah. So, the central company or user of the platform, that role, we call it a delegate. But that's the manager of a pool. And so, they're, in effect, your lending business that's being conducted on chain. So those types of players, how they would get started, they go through due diligence with us. And then, once they're admitted to the platform, we really want to go through and see what sector they would be lending to, how they would attract institutions or individuals to lend into their pools, and then who on the other side are going to be the borrowers. We want to make sure that it's either a new sector. It's a growing, it's a profitable sector. It's one where there are fairly credit worthy borrowers. We're trying not to get into things that are too speculative. It's not for small businesses and for startups. It's more for established companies that are profitable, that have a great track record, and a big opportunity.Sid (05:31):So, that's one side. And then on the other side, institutions who are going to lend into the platform or individuals. I mean, this could be wealth aggregators, hedge funds, family offices, high net worths. But what they're looking for is a place to park capital and pretty simply earn a yield. That yield is going to be higher than going into things like AVA or Compound, because you're taking credit risk. You are lending to corporate borrowers. And so there is risk involved in that. But, generally these types of players have a fairly long time horizon and they're reasonably sophisticated in their understanding. So, that's lenders.Sid (06:07):And then, the other side is borrowers. Now these are typically corporates who are crypto native at the moment. So, that's the small wedge. If you think about, when you're going to attack a market, you have to start with a wedge. And what we did was started with crypto native companies who are generally market makers, high frequency traders, or arbitrage traders. But, that's one sector within the crypto industry that we can attack first. And then, next we want to look at other sub sectors, which could be infrastructure. So it could be players like Figment, Blockdaemon, Chorus. Could be Bitcoin minors, like Marathon, Core Scientific, any of these publicly listed players, or even large private players. And then beyond that, we want to start to look at SaaS companies. The goal here is not to live solely within crypto. We think crypto is tremendous infrastructure, but it's infrastructure that gives us an edge over traditional finance. And so, that's not really going to be successful until you can actually bridge and replace traditional finance in lending to those sectors.Joe (07:09):Yeah. That's really smart. Spoken like a true founder too. You got to start with your wedge and expand from there. I love that. This raises an interesting point though, today, starting with, say, crypto companies, I think makes a ton of sense. But more importantly, when folks create a pool and then, say, a family office or an institution decides to lend into that pool, what happens if someone defaults, right? So, in traditional finance and I'm definitely butchering this a little bit just to keep it short, but let's assume a business goes to a traditional bank and says, "I'd like to borrow a million dollars for working capital." And they say, "Well, what's your business?" "Well, my business is..." I don't know, "We build warehouses." Or something, right? And they say, "Well, what are you going to pledge as collateral?" Well, maybe they own the land, right, that they're going to build these warehouses on or something.Joe (07:56):In theory, and maybe even in practice, if they were to default on that loan, the lender would then have a legal claim against, say, the land that they pledge as collateral. How does that work? Not only necessarily just in the wedge that you're using with crypto companies today, but as you move towards, call it, infrastructure companies and even potentially SaaS businesses, how does default work in the recapture of that collateral?Sid (08:24):The way that lending began in crypto was largely over collateralized and it was using liquid financial assets, cryptocurrency, to serve as that collateral. And then, the lender would take possession of it, and then liquidate it if it drop below a certain rate, or if the borrower fails to repay. It's now evolved towards under collateralized lending. Certainly most institutions borrow under-collateralized now. And this means really what you're having to do is underwrite and assess the strength of their balance sheet. A lot of people think that this is an aberration, but this is actually most commercial lending.Sid (08:56):So, if you're lending against real estate, that would typically be an asset backed lend. But if you're lending to say Apple or a large technology company, typically they don't have a lot of property plant and equipment. They don't own a lot of land and you're not going to get your money back by being able to sell their land. Instead, what you're looking at is the equity of their balance sheet and the profitability of their business. And so, where this type of lending can evolve would be effectively a secured loan, but the security for that loan would be a charge over that corporate entity. So that's what we're looking at as we expand into other sectors.Sid (09:38):But, I think, to be able to actually serve the broad corporate market and eventually have Fortune 500 companies borrowing through DeFi, you need to get comfortable with that type of risk, which means assessing the balance sheet of a borrower. I will say that, if you take security over a house and a borrower defaults, the foreclosure process is about 18 months. You'll get your money back, but it will take a significant amount of time. So it's not liquid collateral. And anyone who thinks that DeFi lending against those type of assets is going to give them an instant payback if there's a default, is going to be disappointed. But, if you're lending against the assets of a corporate, you want to make sure, ideally, they're not going to default. Your recovery's going to be lower than if you're lending against a house. But, your probability of default is probably also correspondingly lower if you're lending to a large corporate than an individual who just owns a house or a small business, who's pledging a house as collateral.Sid (10:34):You are still lending against effectively the strength of the business and the profitability of the business. But, as crypto goes into other sectors, I can see asset backed loans also playing a role. We would look at real estate backed loans, but currently one of the main issues is that, that requires paper filing in any individual state that you borrow from. So, it's not even 10 years behind, it's 40 years behind in terms of actually having to file security and manage the opposite of that.Joe (11:02):Got it. Very helpful answer. I think, the takeaway really is, "Look, if you're lending money to Apple..." I love that example. "You're not necessarily having them pledge their One Infinite Loop address and ownership of that land as collateral." You're saying, "Look, it's Apple, right? They've got a ton of cash on their balance sheet, or they've got great potential for future cash flows, et cetera, et cetera. We're just taking that to something like Maple's platform and folks can assess." Like you said, it's really up to the lenders to assess the credit worthiness, right?Sid (11:33):One of the innovations that we've tried to build in is that if you're coming to the platform and you want to deposit into a pool, you don't have to be a sophisticated underwriter yourself. What we're trying to build is a way for you to assess that here's a pool that is lending to this risk profile.Sid (11:50):Let's say, mega cap companies based in the U.S., here's the historical performance. It's earned this much in yield. There have been X number of defaults. And then, you have a bio on the management team that is making those lending decisions. And that enables you to decide, "Okay, I'm going to allocate a bit into this pool and maybe a bit into a second pool." Rather than, you having to come to the platform and go, "Well, do I want to lend to company A? Or do I want to lend to company B?" Because, it's not really in most people's expertise or ability to devote that time to doing that. And I think that was why earlier peer-to-peer lending platforms like Lending Club didn't quite take off and achieve widespread adoption, because that model is just super inefficient for both the borrower who's coming to a platform and doesn't know who they can borrow from, as well as the lenders who come to the platform and don't know how to assess whether Apple is going to repay its loan. Apple's probably a poor example, but some other company.Joe (12:48):Well, and speaking of defaults, we would be remiss not to talk a little bit about some of the challenges facing the lending industry in crypto right now, without having to necessarily name names. I think it's pretty well understood at this point that there's been some stress in the credit markets, if you will, when it comes to crypto. Can you talk a little bit about maybe how Maple does or does not "hedge" against that, being more of the facilitator and it's really on the lender's ability to evaluate that risk? Or, are there any sort of advantages that Maple provides that theoretically could have mitigated some of the challenges that some of the lenders in crypto have faced?Sid (13:29):So there's probably three key advantages or differences for doing this in DeFi, which would've been risk mitigants. So, the way that Maple works is you have multiple pools, each pool is a basket of loans that you can deposit into and effectively you're lending to those borrowers on the other side. Number one is that, all of the loans and flow of funds is totally transparent and on chain. So if you go into a Maple pool, you can see who the 25 different borrowers are. So you'd never have a situation where you wake up tomorrow and you find out that a Maple pool was actually lending to a borrower that you had no idea about. And that that borrower was 30% of the pool. So, transparency is risked mitigant number one.Sid (14:05):Number two is that the withdrawals and flow of liquidity is all just governed by smart contracts. So, as cash flows back into the pools, people can withdraw. So, you'd never have a situation where you go and you find that on a discretionary basis withdrawals have been halted. At the moment, liquidity is constrained, but it's purely dependent on just paybacks of the loans, which are coming through over the next 60, 90 days and beyond. And then, element three, as you can see that, there is a reserve for each of the pools. So the reserve is there and it can absorb some of the credit losses. I would say, our reserves in the pools at the moment are probably undersized where they should be on a normalized basis and that's a learning, but conceptually having that reserve on chain, I think, gives people who are lending inter pools and into protocols comfort when they can effectively see the buffer that is available to protect people who are a senior there. Otherwise, contrasting that with more black box CeFi lending, it's just a feature that is not there.Joe (15:08):Weird. So you mean more transparency is actually better for market participants?Sid (15:13):Well, I think, yeah, at this stage with current events, it's a clear argument, yes. I think, where CeFi lending has advantages is obviously in flexibility, having a protocol and being governed by those rules obviously creates inflexibility and slows things down a bit. But, I would say ultimately what we're actually trying to design is a system that is resilient and robust enough to shocks that it doesn't require a bail in, or a lender of last resort concept, because over a long enough period of time, you will see enough volatility that stresses things that rely on a single counterparty. We saw during the GFC, everyone was insured by AIG. Well, when there was an out-sized level of defaults, AIG went bust, then no one was insured.Joe (16:03):That's right. Yeah. It's interesting, I was chatting with a coworker of mine who was at Lehman Brothers during the GFC and he was having a little bit of flashbacks to some of the stuff that's been happening in crypto today with the CeFi-related lending.Sid (16:17):Yeah.Joe (16:17):Let's talk a little bit about Maple itself. So the protocol, this is obviously The Solana Podcast, we're going to get into the Solana integration in a second, but I really wanted to provide the listeners with a fairly solid understanding of the actual product and the business, and also the business of lending. So they could understand maybe what Maple's token is, and what does the protocol do, and how does governance work? So, could you maybe just talk a little bit about if I'm a Maple token holder, and maybe I'm staking Maple, why have this protocol, and what does the governance actually do for the future of Maple's growth?Sid (16:54):It's a good question. And so, the way that the token fits into things is, it can be staked. So, that's the first use. The second is that, when you stake it can be deposited into that pool cover. Pool cover is your subordinate reserve. And so, the purpose that therefore provides is, providing a safeguard and some absorption for credit losses, in addition to being used as the governance token to make decisions on the platform. So, what you would do then, in terms of a workflow, so you might stake it, then you're receiving a portion of the establishment fees.Sid (17:27):So, Protocol Treasury earns about 66 basis points on loan origination volume, and then half of that goes to pay stake tokens. And then, the other element where the stake token participates, is that, if it's put in pool cover, pool cover is paid a portion of the interest. So, generally in most pools, it's about 10% of the interest cash flow. So, if a pool is a billion dollars, paying 10% on average, it's a $100 million in interest, 10% of that, so $10 million would go to pool cover. So it's going to pay effectively for credit protection there. That pool cover is comprised of the token and USDC. In future, we'll just have single-sided depositing of the token.Sid (18:10):But therefore, it receives a portion of revenues for actively participating in the credit protection of the pools and the senior lenders on the platform. So, that's how it figures in the platform both economically and from a risk allocation perspective. And I think, risk allocation is super important, because as I alluded to before, this is one of the ways in which we're trying to fix some of the problems inherent in TradFi lending. So, an alignment of incentives is super important and the pool delegate, so that team of managers who are deciding who are good borrowers, they have to put some of their capital into that subordinate reserve, the credit reserve. And they do that so that if there are defaults, they are among the first to take a hit. And that helps ensure that they are incentivized to maintain pretty good credit standards.Joe (18:57):It's really cool, because there's so many ways that you can participate in Maple. But also, the notion that folks have shared incentives and are aligned is I think one of the most powerful aspects of the protocol, but that raises the question of, "Well, man, it seems like a lot of scope for some engineering talent." Let's dive into a little bit of the tech, not get too deep, but certainly enough to give people an understanding of what it is that you've built, and ultimately why and when you added salon integration? What does that look like for your team? And, what has been the lessons learned from starting on Ethereum, and then adding Solana support.Sid (19:36):Yeah, it's interesting. I mean, looking back at our tech stack that we have on Ethereum. So, we launched the Ethereum version of the protocol in May of 2021. And then, we were steadily growing. So, Ethereum, or the protocol as a whole, has done about 1.5 billion worth of loans to date. It's pretty good for 12 months. But what we looked at as we built out Ethereum... So there's certain things that you really keep in mind when you're developing. So, upgradability was something we debated for a long time, because if you have upgradability, it gives you flexibility. And it means you can move faster, ideally not break things, but it gives you the ability to iterate, but it's less secure, because upgrading a protocol or upgrading a component of the protocol, that's how hacks and exploits can happen. So, we initially traded more on the side of security there and inflexibility.Sid (20:26):Now, as we near launching pools V2, we are thinking about upgradability and how we can have something that evolves. But, it was around late last year, I was actually at Breakpoint Solana in Lisbon, and I was meeting a lot of founders who were coming from TradFi backgrounds and looking at building things on Solana. And, we had been receiving comments from people who were using the platform about the transaction costs on Eth. And so, that prompted us to start looking at, "Could we build on layer twos? Should we evaluate alternative layer ones?" And, being at the conference, yeah, I was very much struck by, one, the level of development in the ecosystem, particularly on the DeFi side. Two, the level of talent that was moving across there. And, a lot of our clients and borrowers, like Alameda, obviously have a lot to do with the Solana ecosystem.Sid (21:13):And so, we started researching who was doing Maple on Solana. We met a team that was called Avari, and then we ended up acquiring them. And that meant that we were able to get live on Solana probably six months ahead of where we would've been. And it gave us access to really good talent in terms of Rust engineering, which was super short on supply. So, for us, it meant, one, speed to market. Two, talent acquisition. And, Jeff and Quinn, the two guys who came on board the team, really aligned with us in terms of values.Sid (21:43):And, it's given us now I would say the advantage of being on two chains is that you can start to build out a differentiated product that ideally isn't cannibalizing what you've already done on Ethereum. It should be meaningfully differentiated. And that's why I've been pretty excited to see things like the launch of the Solana phone, because the more differentiation and uniqueness that we have on the ecosystem that product is built on, the more we can serve a differentiated market, whether if you have something like, SolPay, that starts to introduce tech or SaaS companies into using crypto and blockchain to support their financing, then that's a market we could go and lend to.Sid (22:24):So anyway, that's a long-winded answer. But, that was why we started looking at Solana. And as we're evolving that product, so there's now about 113 million in loans on Solana, Genesis and X-Margin are each running pools there. We're trying to see, how can we build that product to serve either a unique customer base, whether it's like SaaS companies or a unique and differentiated lender?Joe (22:46):Got it. Yeah. The Breakpoint conference last year, I think, was really eye-opening for a lot of folks that were just getting familiar with Solana. And, the response I've heard from most people is that, just the developer activity and the developer acumen, the technical acumen of the developers that were migrating towards Solana was a super strong signal to why they wanted to participate, or in your case support Solana. One of the key features of Solana is this concept of composability. So, the notion that protocols can almost operate as Legos and you can build various things, developers can build various things. Is there a notion of composability with what Maple's doing? Meaning, could developers actually try to build something with Maple powering it, or as a piece of some bigger product, or protocol idea that they may have? Or is Maple more meant to be, "We're a vertically integrated thing that supports Solana's chain"?Sid (23:46):Yeah, it's an interesting concept. It's, do you go the Apple route and you be vertically integrated and control your destiny? Initially, the concept from Maple was for tranche fixed income, but then it evolved to be full stack lending. And that was because DeFi was so early that we didn't really want to be dependent on other protocols to get to market and to grow. And so, we took more of the Apple approach early on. Now as I look at DeFi, one, I think there's actually going to be a contraction in the scope of different products on DeFi for a while. And so, being vertically integrated is strategically pretty good for us, but the counter to the apple approach would be where Microsoft has found itself now, where I think, arguably before they might not have had a stronger set of products outside of Windows and Office.Sid (24:30):But, now when you look at what they've got, they've got GitHub, Teams, Xbox, gaming, Activision. They're actually adding this full suite of things, where when you go into their ecosystem, you have access to all of this. And it's a very interesting product to serve to institutions or enterprises from Microsoft's side. And so, I'm looking at what is within the lending product suite, whether it's yield. So this could include swaps, could include things like credit scores, could include flavor of insurance or credit default swaps, or it could include different types of credit indices. What are the adjacent or complimentary products that would, one, make our product offering stronger, and two, enhance the strength of a product that's trying to partner with us.Sid (25:16):So, credit scores are really a natural one. But, I'd say, at this stage, it is very early on in that space just because people aren't conducting most of their economic activity on chain. But other things like fix for floating swaps, or hedges, I think, are a pretty good complimentary one. It's still very early, but those are the natural ones that I speculate about, because that was what I used to do when I was in banking. We'd also have to go on frequently talk to a swaps desk, or a ratings agency. So I think those would be naturally the first ones.Joe (25:44):Got it. Yeah. There's a conversation that I have with a number of the founders that I advise on their companies about staying very tightly scoped to what you're building, versus opening up almost an API, or a set of SDKs, or a platform if you will. And there's just trade offs to both of those, right?Sid (26:01):Yeah.Joe (26:02):One is that if you are vertically integrated, well, you really control not only your destiny, but you also control the end-user experience, and what that end-user... How they're going to interact with your product/protocol. And that's super important, but it could potentially restrict the potential speed of the growth of what you could be doing in these adjacent areas like you're describing. Whereas, if you, say, theoretically, open up a platform with APIs and SDKs for developers to build on, you're not necessarily controlling that end-user experience, and that could be potentially detrimental to the brand of Maple, assuming someone has a poor experience. But, it's a great trade off to make, right?Joe (26:40):And I think, staying the course of what you guys have done thus far, the fact that you're even thinking about CDSs or credit scores. I mean, one of the questions that came to mind earlier was, if you're bridging a lot of what happened in TradFi, are we going to start to see a ratings agency? Are we going to start to see the CDOs and CDO squares, and for the listeners that may not know what that is, it's a collateralized debt obligation that could then also have various tranches associated with it, which unfortunately led to a big portion of the global financial crisis. And we don't necessarily want to recreate that. But I guess, from my perspective, how do you think about that roadmap that you're doing. And, where are you going to be doubling down, or are there other areas where you want to partner with folks? And, how do you think about that going forward?Sid (27:24):Yeah, I actually think about a lot. I mean, we get a lot of inbound interest in partnerships, because I feel like we've been around a little while and we've demonstrated a certain amount of traction. So that's good. But then, a big question becomes how do you decide and prioritize amongst those opportunities? And what I try and think about now is... I think, a big focus for us is which opportunities get us fastest out the gate in terms of serving non-crypto native customers right now. So there's a certain question of, how much do you want to be doubling down serving crypto native borrowers, versus say, leaping out and serving SaaS companies? And to serve SaaS companies, the types of product integrations that you might need, or just any customer outside of crypto, would be things like on and off-ramps.Sid (28:07):Now, that's a really intensive product development on the legal and compliance side. It's actually pretty simple build, but it starts to become a strategic question of, "How much effort do we want to devote to something like that, versus say, evaluating an alternative L1 or going to an L2?" I think, the scale's probably tipped in favor of looking at how quickly you can get out and serve just a wider set of customers. And I would say, part of our role at this stage is trying to educate people who are not actually in crypto already, and try and bring them into crypto and into DeFi, rather than bringing DeFi to them. Instead of evangelizing about it to the people who are already in crypto. I think what we're trying to do is just demonstrate a very workable product to people who are not already in there and wow them with what we think the huge benefits over doing this through the traditional financial system.Joe (28:57):I mean, look, I love the notion and the approach of trying to get a lot more non-crypto people into DeFi. I think, one of the things that I look for when I talk to founders or folks that are in the ecosystem... And I know that Anatoly and Raj did the same thing, and the Solana lab team more broadly is like, "How can we get more and more users that aren't already in the space?" And, there's a couple ways that you can do that. One is, you can build an amazing product that's very easy to use. Easier said than done.Sid (29:29):Yeah.Joe (29:29):But the second is some partnerships. And, what brought this to mind for me was I think when we met in-person, it was at a dinner that Jeremy Allaire, the CEO of Circle put on. Could you maybe talk a little bit about how maybe the Circle is an example of how you're thinking about levering someone in this space that is absolutely doing God's work out there, working with institutions and folks trying to get them into crypto and DeFi? Jeremy's done an amazing job of doing this with USDC and what he's been doing at Circle. So I'd love to get your take on if Circle is an example of how... Or someone that you would partner with to help accelerate some of those non-crypto native people into DeFi.Sid (30:08):Definitely. So, Circle, as you said, is a great partner. So, the pools lend on Maple in USDC, which is the vast majority of the lending that's happening on the platform, and also wrapped Eth. But if we look at USDC, this is absolutely essential infrastructure, I think, for DeFi, because having this secure stable currency in a digital form, which we can then distribute loans to corporate borrowers, as well as companies who are coming into DeFi and looking to earn a yield, are wanting that yield in stable coins. But, where Circle has been tremendous, and I think where there is a huge opportunity to grow is, one, there is the Circle yield product, which could potentially be integrated with Maple and a partnership there would offer people access to yields coming through the platform. What they've actually done really well, which is underrated is, the front-end of the Circle treasury and USDC product has, I think, the best off-ramp in the market.Sid (31:05):So, we use it for our own corporate treasury management and when we have to pay things in fiat. And, having that product, that's a really good Trojan horse, that if a regular non-crypto company starts using that, they have a seamless on and off-ramp through which they could access a product like Maple. So, I could lend to a company and let's say that company is doing SaaS, or it's a FinTech business, or even a business in real estate or construction. So, if we could lend USDC to that company, then they could take that through the Circle front-end, convert it into fiat, and then use it to pay vendors, suppliers, salaries. And so, I think, the growth and proliferation of stable coin usage is super essential and it's going to precede wider adoption of DeFi, because it's a necessary part, it's key, picks, and shovels for the space. But I'd say that's how the Circle partnership is super important for us.Joe (32:03):Yeah. The folks at Circle are great. I have nothing but positive things to say about them as well. And, there are other partners in this space that I think have been super helpful as well to DeFi adoption. As you think about these partnerships... What struck me earlier about when you said you think there's going to be a contraction in DeFi, how does evaluating how Maple is going to play in this space relative to the potential contraction that you're seeing? So, maybe to unpack this a little bit, can you talk about maybe your view on the contraction and how that may or may not influence how you want to go out and partner with folks to bring on those call it a 100 million new users into DeFi.Sid (32:46):The contraction is happening broadly across all risk on assets. So, people are going risk off for crypto for equities. And, what's happening is that because crypto is a much smaller market, the outflow is felt more acutely. But we've seen out general outflows from crypto and DeFi lending as a whole. And, what it's forced us to do is probably consolidate around a core working product. So, in this case, it's probably caused us to, say, push out potential partnerships that are maybe less clear in their scalability, because it's a bird in the hand, two in the bush. So, if you have a customer set that is working and partnerships that are working, you have to be more circumspect and conservative in the new ones, because you probably have less bullets. And so, what the pullback is forcing us to think about is, if we wanted to go and target a new set of borrowers, who is a new set of borrowers that we could potentially sell to lenders who would need to deposit into the pools that are lending to those borrowers?Sid (33:46):So, it forces us to think about matching and extending the markets that are offered on the platform, i.e., the pools that are offered on Maple. And, in terms of integrations, it forces us to concentrate more acutely on what partnerships, for example, Circle as well as off-ramps will help us extend our reach to serve customers who are outside of crypto. So things like credit scores, you have to be a little bit more conservative about, because probably the next six months, there's not going to be as much on chain activity. And so, the amount of value you could get out of, say, an on chain credit score is probably diminished for the next six months. It's not that it wouldn't work eventually. It's just that, probably that goes down your priority list in the near term.Joe (34:33):Got you. Yeah, that makes total sense. Can we talk maybe a bit about your company? We've been talking so much about DeFi, and of the product, and this and that. I probably should have asked this at the beginning of the podcast, but can you maybe just talk a little bit about the company? How old the company is? And, where you're located? Potentially remote, like most modern companies. And, what does the the roadmap look like for folks you want to bring on or folks that you're looking to add to the team? The reason I bring this up is that a lot of folks that tend to listen to the podcast are very passionate about participating in the Solana ecosystem and are interested to hear about how companies started and where they're going.Sid (35:13):We have an interesting structure. So, two segments, we've got the DAO, which raised capital. And the DAO is effectively governing the protocol and it has a multisignature that will implement any major changes, deploy new contracts. And then, we've got the operating company, which is employing developers, conducting business development and marketing. And so, that's domiciled out of Australia. And that company receives grants from the DOW, which cover operating costs and cash burn on a quarterly basis. And I suppose with those two segments, it's worth noting, so most of the team is remote. They tend to be based out of the US, Canada, UK, and Western Europe. We try to aggregate everyone around not too many time zones, so that it was easy to coordinate calls when I was living in Australia. I used to have to do 4:00 AM calls most days.Joe (36:02):Brutal.Sid (36:02):Yeah. But, we've got about 36 people at the moment. And so, we were hiring more aggressively. I think in current market conditions, we paired that back a little bit, but we are still hiring. So, if there are good people out there who want to join a team, we are looking for a couple of engineering roles at the moment. We're looking for a capital markets associate for anyone who is in TradFi or investment banking, and looking for a change into crypto. Never a better time to do it. And so, I actually want us to run a pretty lean model. So I think, me and my co-founder have always been of the opinion that you add people on the basis of jobs that need to be done, rather than just headcount for headcounts sake.Sid (36:42):And so, I've definitely been inspired by the FTX model there in terms of how much they've been able to ship for how lean they are. I would say, we've actually developed a sales team, operations marketing, as well as product engineering and design. So, we are a fairly complete core. And so I think, there are potential roles on the team for someone in sales, design, or engineering, if there are good people out there. Yeah, that's where we got to at the moment.Sid (37:13):But in terms of roadmap, the roadmap for us is we're launching pools V2. So there's a really complex engineering ask there. And, the team is doing a lot of research. And particularly with the market events of recent market volatility and some of the points and implosions we noted in the CeFi side, we're trying to take learnings and incorporate them into pools V2.Sid (37:37):So this would include things like, how to have a better withdrawal mechanism? How to have better cover support, i.e., credit protection, because people are really more acutely concerned about that. And that's something that probably wasn't a big market focus six months ago. And then, better asset liability matching, which is that point I made about sustainability of a lending business. You can't fund term loans without call deposits. And so, we just want to get better about matching those up.Sid (38:05):But then, on Solana, what we're focused on at the moment is things like open term loans, active collateral management. These are the types of things that we think is going to be super interesting tooling to bring more CeFi businesses onto DeFi rails. So I think, we recognize that is a core customer set of ours. And it's like, "How do we build the tooling that means that you would want to run a multi-billion dollar lending business on top of DeFi rails?"Joe (38:30):Wow, fascinating. And man, could we use that? If there's anything that we learned, I think, this year thus far is, self custody is definitely going to be a key thing going forward.Sid (38:40):Self custody is king.Joe (38:41):Yeah. Well, look, this has been an absolutely fascinating conversation. I have one last question for you. And, we will absolutely hold you to it long-term. You've been talking a lot about lending and there's an interest rate associated with those loans in the United States. And, I think some of the other central banks are following suit. We've been raising interest rates. So, how do you think a little bit about competing with some of the broader interest rate markets and something that Maple can actually provide? Does that actually factor in? How do you think about, I guess, monetary policy from central banks relative to the business that Maple's building?Sid (39:20):For a really long time rates on crypto were outside rates in, let's call it, the real or traditional economy. And that was because there was a lack of liquidity there. Then, what we saw, rates and traditional economies started to go up, but because there was actually more supply coming through, particularly earlier this year, we actually saw rates drop. And so, the delta between TradFi and DeFi/CeFi rates really compressed. Now, we've seen with the implosion of liquidity... Liquidity has totally dried up. We've seen rates go way wider again.Sid (39:54):So rates now blowing out to mid-teen levels, you can probably clear in crypto and DeFi. I'm a big student of financial history. And I look back at the last time that inflation was this bad, which was probably the Volcker era. And, cash rates got up to double digits to break the back of inflation. And I'm interested, because I still think that lending rates in the traditional economy are sub-inflation. And therefore, everybody who's lending in the real economy is still earning a negative real rate of return. Whereas, in crypto, at least you're earning a rate that clears inflation. But I'm interested to see, and I wouldn't be surprised if rates continue to go up in the cash rates and the TradFi economy up to high single digits. And then, in DeFi and crypto that probably pushes them close to high teens. And yeah, I wouldn't consider that out of the ordinary. I think, people assume that because we haven't seen that in 20 years that that's not possible, but I would say, in the 60s, rates were pretty normal low single digits. And in the 80s, inflation was double digits, so.Joe (41:00):So basically, to wrap it all up, you're saying, crypto rates will be clearing inflation, whereas the real economy, likely not so.Sid (41:10):Crypto you can't have that distortive effect of the central bank, where you have people who are lending out at negative real rates, because they're below inflation. I think, in crypto, there is a demanded risk premium. And, it's a more pure form of capitalism, I would say, where people are going to price rates so that they can clear a real positive rate. So I'd say, with supply inflows being limited, I'd say that effect is more exacerbated. So I probably expect to see the spread between crypto and TradFi actually widen over the next 12 months.Joe (41:44):Very cool. Well, we will absolutely hold you to that. And in 12 months, we will verify that you were correct. Sid, this was a great conversation. Thanks so much for sharing your story with Maple. And, if folks want to find you and Maple online, where should they look?Sid (42:01):So you can go to our website, maple.finance. That's where you can find the web app, any news and updates. If you're active on crypto Twitter, you can find Mapl @maplefinance. And you can find me @syrupsid, both one word. If anyone wants to reach out, happy to make contact with them.Joe (42:17):Great stuff. Thanks, Sid. Well, it was an awesome conversation. It was such a great time hosting The Solana Podcast again. My name's Joe McCann. I'll see you guys next time.Sid (42:26):Thanks, Joe.

On the Margin
The Winds Of Recession Are Blowing | Weekly Roundup

On the Margin

Play Episode Listen Later Jul 2, 2022 29:56


With Mark out, we have special guest filling in, Blockworks' own Jack Farley, macro researcher and host of the Forward Guidance podcast. Jack explains how three recent events have made him think that a recession is more likely: moves in interest rates that suggest the Fed might pivot earlier than previously anticipated; the sharp fall in copper, cotton, and other commodity prices; and, most importantly, a forecast from the Atlanta Fed that real GDP for the U.S. will be negative. Mike then makes sense of the recent series of confidence runs that have taken the crypto world by storm, and he and Jack reflect on when the digital asset bear market might relent. Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Follow Jack: https://twitter.com/syrupsid Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/Blockworks_ -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On the Margin
Crypto Is Facing Bank Runs | Weekly Roundup

On the Margin

Play Episode Listen Later Jun 25, 2022 50:04


In this week's episode, Mark and I kick things off with the current state of crypto markets. We next move into the economy, what the Fed is doing, and increasing economic indicators that we are heading towards a recession. Finally we wrap things up with the state of lending and credit in crypto, including the "runs on the bank" that we're seeing at Celsius and similar companies. For Mark and my take there, you'll have to listen to the show. -- Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On the Margin
The Fed is Crushing the Economy | Weekly Roundup

On the Margin

Play Episode Listen Later Jun 18, 2022 76:18


In this episode, Mark, Dan Tapiero and I discuss the latest FOMC meeting, the 75 basis point raise and the carnage rippling through the markets. Inflation is at record highs but are the FED's rate hikes a precision tool or a blunt instrument that will cause lasting market damage? We explore the global financial market, crypto's outlook and the most likely outcome of the bear market. Will the Fed raise rates until the market breaks? Will the money printer turn back on? Tune in to find out! -- Follow Dan Tapiero: https://twitter.com/DTAPCAP  Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced in the show: John Collison (Stripe) conversation with Stanley Druckenmiller https://youtu.be/-7sWLIybWnQ -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On the Margin
Cracks Form In Consumer Credit | Weekly Roundup

On the Margin

Play Episode Listen Later Jun 11, 2022 61:14


In this episode, Mark and I tackle the growing bubble in consumer credit. We take a look at the personal savings rate and compared it to the sudden staggering increase in revolving credit. We discussed the evolution of banking in recent history, the growing and worrisome trend of "Buy Now Pay Later" and Apple's foray into that field, and covered the overall psychology of consumers during a recession. We ended the episode by covering BlockFi's down round, and whether or not we can expect more of the same in crypto and tech. For that take, you'll have to tune into the show. -- Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On the Margin
Layoffs Are Just Getting Started | Weekly Roundup

On the Margin

Play Episode Listen Later Jun 4, 2022 59:56


Charts Discussed In Today's Episode: https://bit.ly/3Q4P4zA In this week's episode, Mike and Mark get into a subject that is near and dear to everyone's heart: layoffs. The episode begins by getting into the raw numbers: initial and continuing jobless claims, the change in recent reports from ADP, and the record number of mentions of "hiring freeze" from CEOs. Next Mike and Mark cover how monetary policy and liquidity translate to demand and hiring needs at company. They cover things from the investor point of view, as well as the employee point of view and how you should think about taking on equity compensation. Finally, they cover insider trading laws in crypto and recent negative statements coming from the New York AG. For that discussion, you'll have to tune into the episode. -- Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ Subscribe To The Blockworks Newsletter: https://blockworks.co/newsletter -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Through the Noise
E9: Shomik Ghosh - Investing in Enterprise Software

Through the Noise

Play Episode Listen Later May 29, 2022 62:07


Shomik Ghosh is a Principal at Boldstart Ventures, a day one partner for developer first, SaaS, & crypto infrastructure founders backing the likes of Snyk, Blockdaemon, Kustomer, BigID and Superhuman. At Boldstart, Shomik invests in enterprise software with pre-product founders. Prior to Boldstart, Shomik worked as a growth stage investor at Top Tier Capital where he invested in companies like CircleCI, Anaplan, Area 1 Security, and Shape Security. Shomik is also an active angel investor, having invested in Koyfin, Gitpod and Logixboard to name a few. Download the Callin app for iOS and Android to listen to this podcast live, call in, and more! Also available at callin.com

On the Margin
The Great Narrative Unwind | Weekly Roundup

On the Margin

Play Episode Listen Later May 28, 2022 58:19


The On The Margin weekly round up returns! After a busy week in Palm Beach for the Blockworks event Permissionless, your favourite weekly round up is back to discuss the biggest stories in markets. Mike and Mark focus on tackling the narratives that were popular during the bull market to see how they are holding up during 2022's unwind. Can the Fed raise rates considering the amount of outstanding debt the US has, are we really in a supercycle, how will the bear market compare to previous market declines and so much more. To hear their thoughts, you'll just have to tune into the episode! -- Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

The Zeitgeist
Anatoly Yakovenko - Solana Labs Co-Founder, Ep. 1

The Zeitgeist

Play Episode Listen Later May 26, 2022 26:39


Anatoly Yakovenko (Solana Labs Co-Founder) joins The Zeitgeist to discuss the current state of Solana and the ways in which the team is working to improve protocol performance.  SHOW NOTES00:39 - Origin Story01:59 - How his role evolved at Solana03:42 - New initiatives at Solana04:59 - NFTs06:37 - How to improve performance12:31 - What is Solana's North Star?15:48 - Growth and Nakamoto coefficient19:47 - Developer ecosystem23:31 - Craziest idea built on Solana24:35 -  Builders he admiresREFERENCESSaberMango MarketsOrcaAnchorFULL TRANSCRIPTBrian Friel (00:00):Hey everyone, and welcome to Zeitgeist, the show where we interview the founders, developers and designers who are pushing the Web 3.0 Space forward. I'm Brian Friel, Developer Relations at Phantom, and I'm super excited to have on the show today, none other than the man, the myth, the legend himself, Anatoly Yakovenko. Anatoly, how's it going?Anatoly Yakovenko (00:22):Hey, it's going well, thank you for having me.Brian Friel (00:25):Thanks for being on the show. You know, I think most folks know your story if they're very familiar with the Solana space. You are the founder of Solana. We do have some people who are listening to this show who are more familiar with the Ethereum world. Would you mind giving a quick moment to walk us through your background and how you got started with Solana?Anatoly Yakovenko (00:40):Yeah. So I'm an engineer by trade. I spent most of my career at Qualcomm, and I was there from super early days working on these like flip phones, if anybody remembers those. I was a Core Kernel engineer on Brew, which was, I think one, one of the first mobile operating systems with an App Store. Really the first, I think mobile platform where developers build anything, and this was pre-iOS, pre-Android.Anatoly Yakovenko (01:05):I was there for like almost 14 years. My last project was like building optimizations for augmented reality. And then around 2017, this big boom and crypto happened. I think the first really big Bitcoin price movements happened during that year. And it was obvious that Bitcoin was too slow for the kind of stuff that the narratives that people were talking about at the time, such as like global payments and things like that. That's what really got me interested in the space because I saw an opportunity to apply all the things that I learned at Qualcomm, from optimizations and wireless protocols and everything else to crypto.Brian Friel (01:46):So in the early days, if you take a look at the Git commit history on Solana, the protocol, you were a pretty heavy code contributor. How has your role evolved since starting the project? And what would you say is like your main focus today?Anatoly Yakovenko (02:00):Yeah, those early days were hard because I had to raise money and kind of be the CEO, which is effectively sales, but also I'm a really strong IC and losing one IC, it sucks, right for like a small startup? So I was coding and sometimes like 2:00, 3:00 in the morning, I would just be awake, still building stuff and burning the candle on both ends.Anatoly Yakovenko (02:27):As the network got stood up around like 2020, once we started growing the team, when we got a bit of traction in 2020, it's just my initial contributions were not as impactful as ... I'm now like one out of 20 contributors instead of like one out of 10. And that amount of like effort that I can put in ended up being not as important as me doing everything else that I can do as like the CEO of Labs.Brian Friel (02:53):So you guys obviously had a very explosive summer, 2021. NFT trading on Solana, I'm not sure if you would've predicted that your global state machine would be the perfect mechanism for trading JPEGs on the internet.Anatoly Yakovenko (03:06):No. Yeah, that's been wild.Brian Friel (03:10):I would say it's funny because a lot of people initially wrote off Solana because it wasn't EDM compatible. There was a myriad of reasons why it wouldn't take off. It seems like today you guys have the opposite problem where there's so much demand, everyone wants to use it.Brian Friel (03:25):I know you have a couple initiatives in the works now, some of that being quick, some stake weight, and then there's a fee prioritization mechanism coming in. How are those initiatives going generally? And do you foresee this as being a big step for the network or is this a really an iterative phase where you guys are going to continue to scale in various projects?Anatoly Yakovenko (03:43):Yeah, we designed this network. I mean, initially the slide deck literally said blockchain and NASDAQ speed and there was this big vision of something like serum running on it and being the price discovery for all of the world's stuff that needs trading. And that was like the first use case that we actually had any success with.Anatoly Yakovenko (04:01):The folks from FTX, that incubated serum, they looked at the network and they were like, "Okay, this is designed for the kind of exchange that we know how to build and trade. So why don't we see what happens?" And when NFT started taking off, it didn't make sense to me. But I could tell that a lot of people, like humans were interested in them instead of trading. A large number of people were interested in them. And that's a really important thing, like product market fit can be measured in many different ways. If you're speaking trading it could be volumes or TVL, but it's really, really important to really connect it to a person.Anatoly Yakovenko (04:39):And the more people you have in any of these effectively web based networks, people want to call it Web 3.0 or Web 2.0, or whatever, it's still the web. The more people you have using it, I think the more value you're actually creating for the world and that's really, really important. So Metaplex was incubated in Solana and it just allowed people to launch NFT projects.Anatoly Yakovenko (04:59):And we saw that at that time and now Ethereum gas fees were really so expensive that it was effectively impossible for any small artist to pony up like hundreds of thousands of dollars to go deploy like 10,000 NFT project and mint them and like have their users pay these ridiculous gas fees.Anatoly Yakovenko (05:20):So a lot of people just started messing around on Solana and they started getting traction and like making more money than normal artists creators make in a year in a single NFT mint. And that really changed like everything, for them and for us. So that's been just awesome to watch. Because NFTs have value, that has led to a different kind of traffic than we anticipated where there's now bots that spend a lot of money on egress, like a hundred gigabit worth of egress to try to snag a NFT mint.Anatoly Yakovenko (05:55):And the network can handle that most of the time. But sometimes it can't. So now we've been working on – if you've been following Solana, I'm sure you've heard like there's outages or congestion. Basically what happens is you have a known event, financial event, like an NFT mint or an IDO, but most of the time it's an NFT mint. And bots start sending so much traffic before this event to try to basically maximize their probability of them getting all the NFTs or most of them by stuffing all the leaders with packets and that prevents other packets from landing.Anatoly Yakovenko (06:31):And sometimes like the last one, it may uncover some unknown memory issue, where the memory and the validator starts growing and they start shutting down. And therefore, when more than a third of them run out of memory, you end up losing a quorum and therefore consensus halts. So it's effectively the greatest bug bounty free, like DDOS testing, not the best kind of DDOS testing that money can buy.Anatoly Yakovenko (06:58):It's really, really hard to even get a hundred gigabit worth of traffic like at Google. Your typical network that you deploy at Google for your private network inside their servers does not go to a hundred gigabit, it goes to one gigabit. So the kind of things that you see in the wild is really, really, even hard to simulate.Brian Friel (07:15):Yeah. You're testing and prod essentially.Anatoly Yakovenko (07:17):Right. And that's always the case. We have like a big testing effort and team and like a massive test net that's even bigger than the main net to try to simulate all these corner cases. Everything that you do in the lab gets really tested for real when you ship to prod.Anatoly Yakovenko (07:37):So the major change that we need to do is actually prevent them from sending that many packets. And there's a bunch of ways to do that. TCP has been the classic solution, but it has a lot of problems with latency and managing connections.Brian Friel (07:50):Right. And you guys use UDP Today.Anatoly Yakovenko (07:52):We use UDP Today, which is what traders prefer. So all the exchanges, like when you get high connectivity from CME or an ISE, you get UDP. And you can manage it for most of the time, but at some points like at a hundred gigabit, you basically have to like decide, "Okay, we're going to spend 10,000 bucks, a validator and put these appliances in there that can drop maybe close to like a terabit worth of traffic really, really quickly and filter packets. Or we build a software solution."Anatoly Yakovenko (08:24):In theory, QUIC can be as fast as UDP. In practice, that implementation and testing it, rolling it out, takes time. So over the last release, the 1.10 release, our engineers, plus the folks from like Blockdaemon [inaudible 00:08:40] one have been working on rolling out the quick implementation. And it looks like finally, like 1.10 is going to roll out to main net.Anatoly Yakovenko (08:47):I think the slow release is going to, roll out is going to start this week, but you need like, you really need three pieces. So this is kind of a complicated problem. So if you have QUIC, you can limit how many packets any IP address can send, but bots can, then we were going to get a million IPs and they'll all send a couple transactions per second each because they really want those NFTs.Brian Friel (09:08):Yeah. And then you're playing Whack Em' All with the IP addresses.Anatoly Yakovenko (09:11):Right. So the second fix, that's also 1.10, but I would say it's not as perfect as I would like it, but mostly there, is being able to limit the amount of traffic; people send an aggregate by stake weight. So if you're not staked, you get the least amount of bandwidth. But if you are staked, then you have let's say 0.5% of the stake, you're guaranteed that all the other stake are on stake notes, can't star view. So you can at least send half of a percent of bandwidth at any time. So that's the second part.Anatoly Yakovenko (09:45):And then the third part is that as information moves from, let's say, RPC nodes or other nodes, and like propagates to the leader, including like these intermediate hops, we need to make sure that it's prioritized not by first and first out, because then again, that will also lead to bots just trying to be the first packet in any given event, but by fee.Anatoly Yakovenko (10:10):Right? So this is where we need to add fee markets, which is something that will force bots to spend money instead of packets. And it's a bit more complicated to add fee markets in Solana. If you've ever programmed in Solana, you'll quickly realize that it's really different from Ethereum. And the main difference is that – you have one giant state machine like you do in Ethereum, so there's no charting on state, but each transaction has to specify what state it's going to read and what state it's going to write. Which means that you don't have this global fee for a block. You technically kind of end up having fees for state.Anatoly Yakovenko (10:45):So you have a single NFT mint with a single account, like a state account that represents that NFT market. And everybody wants to trade on it. So the fees accessing that particular state need to go up because you can only schedule so many transactions to access that thing. But that doesn't mean that the block is full. You can actually start adding more events into the block that don't touch that part of the state.Brian Friel (11:11):And you can touch other parts of the state in parallel and at a lower fee.Anatoly Yakovenko (11:15):Exactly. So it's kind of like, think of it as a bunch of buckets, and you want to fill the highest contented bucket with the highest paying transactions, but then you also want to fill the other buckets. So it's this multi-headed queue problem. There's no perfect solution for it. So it's, every solution is a heuristic. Which makes it both kind of complicated and easy, that you're never going to be perfect. So you can ship stuff. You can't ship things, but because it's heuristic, there's always like corner cases and you got to be careful about if any of them can be exploited between all of these hops.Anatoly Yakovenko (11:52):Partial solution to that is also rolling out. But I think given how complex all these three pieces are, we need like, we'll probably need the 1.11 release to stabilize everything.Brian Friel (12:02):That makes sense.Anatoly Yakovenko (12:03):I'm glad that at least like these 0.XX versions of this stuff is out and like finally is actually rolling out.Brian Friel (12:09):This kind of highlights what I always found Solana to be refreshing, especially compared to older blockchains. You know, you mentioned Bitcoin when you were first in back in the day is that, you guys have taken this very practical approach to “how do we scale?”, and have these iterative solutions. Do you have like a defining lighthouse that kind of guides this development cycle? Is it about being like the fastest and the cheapest chain or what is your priorities here?Anatoly Yakovenko (12:32):So there's this fundamental idea like that goes back to the roots, blockchain and NASDAQ speed. Imagine like all of these computers around the world, they all hold state. And that state is synchronized within a certain amount of time. And that time in theory can be as low as halfway around the world, like about 120 milliseconds.Anatoly Yakovenko (12:52):So this is the one giant piece of state that represents every price in the world. And it's a point of reference for price discovery. And in theory, even if you have something like NASDAQ or CME that trade at like sub one microsecond, because news still has to travel around the world. You have some event that happens in Singapore. It's got to go through the same fiber cables as everything else. That news wire is going to travel at the same speed as a state, as a transaction in Solana.Anatoly Yakovenko (13:21):So by the time you see it on your Bloomberg terminal and CME, you'll actually see the price reflected in both markets. And that means that like this set of nodes run by volunteers with open source software can be competitive at the most important core part of finance with like NASDAQ with CME.Anatoly Yakovenko (13:41):So that's really the goal. Can we get it to that level where it's propagating information around the world, synchronizing it at the speed of light? So that's the north star. So ...Brian Friel (13:51):And I love that. That's great.Anatoly Yakovenko (13:53):It's hard. It's a hard problem, but it's, I think there's clear reason that this thing is really useful to the world if it exists and even in the state, it exists now, it's extremely useful because I think this idea of open cheap price discovery is really important for DeFi and Web 3.0. You look at something like NFTs. I think under the hood NFTs are DeFi, you have a smart contract that decides who gets what based on royalty, secondary trading and all these other things.Anatoly Yakovenko (14:24):And it's a different business model for making money on the web. It's one that doesn't involve the Ad Exchange, a centralized Ad Exchange that Google runs. It doesn't have any intermediaries. It's between the creators and the community that they're serving. So I think it's, as early as it is, and I'm looking at these things and thinking these are like early bulletin boards, I can see that I think in 10, 15 years, the way that people make money on the web is going to be 99%, no intermediaries like through these kinds of networks and applications and almost none on through like the advertisement channels.Brian Friel (15:02):Yeah. That makes sense.Anatoly Yakovenko (15:03):That to me, I think is like huge. If this like transforms the web, that's awesome.Brian Friel (15:09):Yeah, totally. Changes human behavior, fundamentally. So you spoke a lot about the human side of these people who are using the network, but there is a human side also to the people who are running the nodes that secure this network here. And there's a common misconception out there that Solana is this big and fast chain, but there's a few nodes that's powering this network.Brian Friel (15:30):You've spoken a lot about this term, the Nakamoto Coefficient, which is essentially the number of nodes that would have to collude to make the blockchain stop working in some capacity. How has this Nakamoto Coefficient been evolving since Solana's launch? And is there anything that you guys are doing at labs that are catalyzing this kind of growth in this Nakamoto Coefficient?Anatoly Yakovenko (15:49):Yeah. We started with like the Nakamoto Coefficient around like six or seven in those early days. And now it's 24 and that may sound like a small number, but when you look at Bitcoin, it takes about six mining pools to get to 51%, an Ethereum, I think three or maybe four, something like that mining pools, ETH2 stake distribution is even worse. It's like Lido, might be Lido plus one exchange, Kraken or Binance might cross it.Anatoly Yakovenko (16:17):And it's both important and not as important as people think. So the core part of where security comes from these networks is actually in the sheer number of nodes, because fundamentally like when high level catastrophic event happens, a bunch of machines get corrupted. As long as one of them can recover the data, that data contains cryptographic signatures from everyone else in the network. They can validate that that data's correct, and the network can recover.Anatoly Yakovenko (16:47):So you only need one out of many. And this is true about every BFD system, even Bitcoin, if all the Bitcoin ledgers are destroyed, doesn't matter how much cash power was securing it, Bitcoin is gone. So what's important is the number of copies of the Bitcoin ledger, and the same thing with ETH2 – it's a bit more complicated with ETH2 because they do the sub sampling thing, but effectively you need enough of the ETH2 validators to survive. So you can recover a full copy of the state.Anatoly Yakovenko (17:17):So that number is really, really what matters. And when you talk about the state concentration, Nakamoto Coefficient, that has impact on real time censorship. So if, for example, like Kraken and Lido decided to start dropping transactions, they could right now, you know, given the state distribution on ETH2, but the community can basically fork them all out. They can effectively tell them, because you're misbehaving.Brian Friel (17:45):You're breaking the social contract.Anatoly Yakovenko (17:47):Yeah, you're breaking the social contract. You can actually be kicked out. And that's, I think, kind of that action of last resort, it's what really protects these networks. But given that you still want the Nakamoto Coefficient as large as possible, because I think, in the long term, especially for trading systems, you might not see this direct censorship. If the purpose of blockchain is to be these open marketplaces and the top three crypto exchanges can decide the order of events in the global open marketplace, there's probably perverse incentives there for them to not make this network the best marketplace in the world, because it's eating their lunch.Brian Friel (18:28):Yeah. We've reinvented payment for order flow here.Anatoly Yakovenko (18:31):Right. And that's really hard to enforce and may not even be intentional. Right? You may have somebody, some product manager at Coinbase that doesn't know what they're doing, that simply says, "Hey, I made these performance improvements to how we run nodes, and now our customers are earning more money." It may even not be like totally malicious. This is where I think that Nakamoto Coefficient actually matters in the long term.Anatoly Yakovenko (18:59):So Solana and Avalanche probably have the two highest, I forget what Avalanche is at, but basically it's much, much better than eight or three or four, whatever we see on Bitcoin and Ethereum these days.Brian Friel (19:10):So switching gears just real quick, we talked a lot about the network, but from an end user and from a validate perspective, one final piece of this is the developers who are actually building the applications. So the programs that run on this. You know, I mentioned earlier that Solana was kind of written off by a lot of people, especially in the ETH community, that there was no EDM-compatible, like native bridge over there, Chase Barker, lovingly calls, everyone who develops on Solana “Glass Eaters”. Has this kind of developer ecosystem that I view as very genuine to Solana, has this surprised you guys, do you foresee this continuing to grow separate from Ethereum? Are they going to merge, at some point remain specialized?Anatoly Yakovenko (19:48):It surprised me how quickly it happened. So me as an engineer, I don't like Solidity because it's not a well designed language. And the EVM is not a well designed virtual machine. And I have spent like a career working on virtual machines. So I get like an allergic reaction looking at its insides, and like, this is worse than like the first versions of Java, of the JVM.Brian Friel (20:14):Yeah. Hard to be inspired.Anatoly Yakovenko (20:16):So I kind of knew like when we made a bet on Rust, that was intentional and we didn't have enough funds to pursue like supporting VM, which I think we would've, if we did, and that probably saved us, because we had to pick like, what is actually core and important to Solana, and like, if we had to pick the one thing that we were building, it had to be differentiated from like, it had to actually showcase the most important thing about the network and that's performance. And you really, really can't write high performance code in Solidity or EVM.Anatoly Yakovenko (20:49):And Rust was just a, kind of a natural fit because it is a modern systems language with a lot of tools to build high performance software. So that was a bet that we made. And I knew that there's enough engineers out there that are like me that are naturally curious. They want to build a new stack. Oftentimes, like in my career, I would switch stacks every two years simply because I just got bored of the tools I was using.Anatoly Yakovenko (21:15):But I didn't realize, I didn't expect how quickly that would happen. And like how passionate people like became about it. Even though our initial version of the SDK was really, really bare bones. This is where this idea of eating glass came out of is that like, in those days you had to write everything by hand, all this deserialization calls by hand. There was like, the binary format was like unsafeCast. So you would do a cast of the data structure directly. There was no ideal and-Brian Friel (21:46):Wow. How far we've come with Armani and Anchor.Anatoly Yakovenko (21:49):Armani basically was like, "This is terrible. I'm either going to, like, I'm either going to quit or like, I need to fix it."Brian Friel (21:58):Or I'm going to put the whole ecosystem on my back, which he essentially did.Anatoly Yakovenko (22:01):Yeah. Yep. So he took on that role and I knew there was going to be one of those engineers eventually. This ... because I would've been that person, like, five years back in my career, I would've like, "F this. This is like terrible. I know how to fix it. So I'm just going to spend a week building the tools," but it was really, it would've been really, really hard for us to do it internally because it's easier to build those tools when you're building the product that's using them and not when you're like trying to supply them. I don't know if that makes sense.Brian Friel (22:33):You might be too close to it being, working on the protocol and not-Anatoly Yakovenko (22:35):Exactly.Brian Friel (22:36):... not like a consumer.Anatoly Yakovenko (22:37):So when you're like building the product, like an application, you know exactly what your needs are and you know what to prioritize and when I'm building the operating system, I'm just trying to be hypothetical. Well, the hypothetical application where the hypothetical engineer needs this and the requirements are just never right. Like it they're always wrong, basically.Anatoly Yakovenko (22:57):So, this is why I think it was really – the reason Anchor is successful is because Armani was building a product and he like, kind of knew exactly what he needed. And I think when looking at Anchor, I would've made totally different choices if I was building it. And I don't think it would've been as good in the end.Brian Friel (23:14):Oh, okay. I was going to say, has Armani heard that? But that's a nice compliment to throw in there at the end. Well, so wrapping up here a little bit, two last questions for you. One that we want to know here at Phantom is, what is the craziest idea or project that you've heard about that could be built on Solana?Anatoly Yakovenko (23:32):Serum, I mean is still definitely crazy to me, it's like a central limit order book that Jump is market making on, on a decentralized blockchain. That's pretty wild. I think there's a ton of games and payments and all this other stuff that's coming out.Anatoly Yakovenko (23:46):I think one of the wilder ones – there was the SolDate thing at one of the hackathons, which was a dating app. It didn't go anywhere. But people were like thinking outside of the box, which I thought was ...Brian Friel (24:00):Oh man.Anatoly Yakovenko (24:03):The games, I think like Aurory is like finally shipping, like workable parts of the game. I think that is really cool. And obviously like Star Atlas is such a huge ambitious project, that like, it's pretty wild to think that somebody's going to build from the ground up purely funded by NFT sales, like a AAA game, like at the level of EVE Online. So that, those are really, really ambitious.Brian Friel (24:30):And then our closing question here, who is a builder that you admire in the Solana ecosystem?Anatoly Yakovenko (24:35):So Armani obviously, but I want to like give a shout out to somebody else. I think, the Saber and the Mango guys. So Ian and Max and Daffy, I think have been just as important in like building a lot of tooling and onboarding devs, and you know, they're just awesome folks that are like constantly building things. So it's really cool to see them continuously shipping products. Even like when DeFi's up or DeFi's down, like when you look at the broader market, they're still building things and shipping things and that's kind of the most important thing.Brian Friel (25:10):Yeah. And that's Ian and Dylan from Saber, which is an automated market maker for stable pairs, and Mango Markets is a perps trading platform, a central limit order book in Solana.Anatoly Yakovenko (25:20):There's so many like the Orca team. When we first talked to them, they're like, "We want to build a really usable DEX for humans." And that was their whole vision. And you look at their daily active user numbers, it like shot up, I think more than Uniswap now.Brian Friel (25:38):Yeah. Oh, it's insane. Yeah. They're on a crazy growth trajectory now. I think that speaks to their UX. I will say just that one last note on the Saber brothers, there was a fable story of how they were sleeping in the Solana office at one point just shipping code. And I came in there and I saw for myself the mattresses in the meeting rooms there. I think we've all grown up since then.Anatoly Yakovenko (26:01):Yeah. A little bit.Brian Friel (26:01):That might be a thing of the past, but a little bit of lore for Solana development history there.Anatoly Yakovenko (26:05):Yeah.Brian Friel (26:06):That's great.Anatoly Yakovenko (26:08):When you're in that part of the office, you can still smell their spirit.Brian Friel (26:14):I love it. And it's totally, this is a really great discussion. Thanks so much for coming on the podcast. Everyone, very appreciative of what you built here at Solana.Anatoly Yakovenko (26:23):For sure.Brian Friel (26:23):So thank you for what you do.Anatoly Yakovenko (26:25):For sure. Thank you so much. Take care.

On the Margin
UST Break Ushers in a New Crypto Bear Market | On The Margin

On the Margin

Play Episode Listen Later May 14, 2022 63:34


In this week's episode, Mark and I focus primarily on one story: the depegging of UST and evaporation of Luna. We cover a brief overview of UST, what the algorithmic model was that underpinned it, and what caused it to come undone. We also got into the aftermath of an explosion like this, and the contagion that could spread out into the ecosystem. We also discussed what new entrants to crypto should expect in a bear market, the current state of Coinbase, and Elon Musk's decision to "pause" his bid for Twitter. -- Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter

On the Margin
Markets Puke - Is Recession Imminent? | Weekly Roundup

On the Margin

Play Episode Listen Later May 7, 2022 66:53


In this episode, Mark and I are focused on answering one question: what is going on with markets? We kick things off with a quick summary of the equity and bond markets, both of which are having some of their worst starts to the year ever. In the case of the US 10 year, YTD performance through April is the worst it's been since 1778! Next we moved onto three unsustainable states of being in the market today: 1) equity valuations 2) debt to GDP and 3) wealth inequality. We discussed each of these topics at length, and outlined their connections to one another. Finally we ended on the transition away from capital to labor, but for that you'll have to tune into the show. -- Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter

The Encrypted Economy
How to Choose Your Blockchain Interoperability Solution. Raphael Belchior - E79

The Encrypted Economy

Play Episode Listen Later May 3, 2022 65:31 Transcription Available


On this week's episode of The Encrypted Economy, our guest is Raphael Belchior, Ph.D. Student and R&D Engineer at Blockdaemon. We explore the extensive research that Raphael has done on different interoperability solutions and discuss developments in the space. Be sure to subscribe to The Encrypted Economy for more insight on revolutionary technologies in web 3.0.Topics Covered:         ·       Introduction·       Raphael's Background·       Is the European Interoperability Framework a Useful Mental Model?·       Trustless and Trust-Based Interoperability Solutions·       Classifications of Interoperability Solutions·       Analyzing Different Interoperability Solutions·       Utilizing Oracle-based Solutions and Asset Transfer Frameworks·       Examples of Oracle-based Interoperability Program·       What Makes Layer Zero Unique?·       Distinguishing Between a Permanent and Temporary Asset Exchange·       Is the Gateway a Better Solution for Private DLT Networks?·       Discussing Hash Time Locks ·       Breaking Down Raphael's Paper·       Raphael's Future ProjectsResource List·       Raphael's LinkedIn·       Raphael's Medium·       Raphael's Publications·       Solana Conference·       The State of Blockchain Interoperability in 2021·       Do You Need a Distributed Ledger Interoperability Solution? ·       A Survey on Blockchain Interoperability Past Current and Future Trends·       Polkadot·       DLT Protocol·       Hash Time-Locked Contracts Follow The Encrypted Economy on your favorite platforms! Twitter LinkedIn Instagram Facebook      

On the Margin
What Was Bill Hwang Thinking? | Weekly Roundup

On the Margin

Play Episode Listen Later Apr 30, 2022 57:38


In this episode, Mark and I started off with an old topic that is just resurfacing: the criminal charges being levied against ex-Tiger Cub Bill Hwang. Next we moved onto the slowing growth in GDP, precipitous rise of the DXY, and the damage being done to tech stocks compared to crypto. Finally we ended things on Fidelity's decision to allow 401K participants to include Bitcoin and the Labor Department's response. For that take, you'll need to tune into the episode. -- Follow Mark Yusko: @MarkYusko Follow Mike: @MikeIppolito_ Follow Blockworks: @Blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter

On the Margin
The Rise & Fall of Crypto Culture | Konstantin Richter

On the Margin

Play Episode Listen Later Apr 20, 2022 44:44


On today's episode of On The Margin, Mike Ippolito is joined by Blockdaemon CEO & Founder Konstantin Richter to discuss the rise & fall of crypto culture. When sentiment shifts in crypto markets, founders build conviction. Konstantin reminds us of previous cycles & shares why he has never been more optimistic on the future of crypto than right now. Mike & Konstantin also discuss the founding of Blockdaemon, the pro's & con's in centralization vs decentralization, the outlook for a multichain future & designing new governance systems in an increasingly digital world. Read The Rise & Fall of Crypto Culture: https://andrecronje.medium.com/the-rise-and-fall-of-crypto-culture-3d0e6fd3e0e9 -- Follow Konstantin Richter: @konstantin11 Follow Mike: @MikeIppolito_ Follow Blockworks: @Blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter -- Timestamps: (00:00)・Introduction (01:46)・The Rise & Fall of Crypto Culture (09:07)・Are Institutions Failing Us? (15:21)・Proof-of-Work vs Proof-of-Stake (20:34)・Centralization vs Decentralization (29:27)・Blockdaemon Ad (30:37)・Blockdaemon (38:19)・A Multichain Future

On the Margin
Jerome's Dilemma: Inflation vs Recession | On The Margin

On the Margin

Play Episode Listen Later Apr 16, 2022 53:48


In this week's episode, we started off with a recap of Bitcoin Miami from Mark. Next we launched into March's record breaking CPI print, and where Mark sees inflation heading from here. Next we moved into PPI (Producer Price Index) and PMI (Purchasing Manager's Index), what those economic indicators mean, and what they can tell us about the next 18 months of growth. We took a look at food inflation, various asset prices, and how investors should be thinking about the volatile environment we find ourselves in. Finally we closed on Elon's attempted purchase of Twitter, but for that take you'll have to check out the show. -- Follow Mark Yusko: @MarkYusko Follow Mike: @MikeIppolito_ Follow Blockworks: @Blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter -- Timestamps: (00:00)・Introduction (01:36)・Takeaways From Bitcoin Miami 2022 (05:08)・8.5% Inflation Print (06:56)・U.S. PPI Hits Record High (13:48)・Chinese PMI Rolling Over (16:52)・Expecting shorter cycles (23:38)・Negative Asset Class Returns In 2022 (28:55)・Blockdaemon Ad (30:04)・Financial Repression (32:07)・Elon Musk Offer's To Buy Twitter

On the Margin
Fed Turns Hawkish On Inflation Fears | Andreas Steno Larsen & Alfonso Peccatiello

On the Margin

Play Episode Listen Later Apr 13, 2022 28:49


On today's episode of On The Margin Mike Ippolito is joined by Andreas Steno Larsen and Alfonso Peccatiello for a special announcement: Their new podcast “The Macro Trading Floor” will be launching Sunday, April 17th on the Blockworks network with a VERY special guest. To stay up to date with the new show, subscribe here: apple.co/38Maf8f With inflation soaring over 8%, bond markets selling off, and the Fed turning increasingly hawkish, Andreas and Alfonso explain how to maneuver the market during these uncertain times. The two macro powerhouses put their money where their mouth is by each announcing an actionable trade idea — but to hear that, you'll have to tune in! Referenced In The Show: https://www.bloomberg.com/news/features/2022-04-05/will-russia-s-war-in-ukraine-cause-wheat-shortages-raise-food-prices-more?cmpid=socialflow-facebook-business https://www.bloomberg.com/news/articles/2022-04-07/u-s-mortgage-rates-rise-for-fifth-week-with-30-year-at-4-72?cmpid%3D=socialflow-twitter-billionaires -- Follow Alfonso Peccatiello: @MacroAlf Follow Andreas Steno Larsen: @AndreasSteno Follow Mike: @MikeIppolito_ Follow Blockworks: @Blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter -- Timestamps: (00:00)・The Macro Trading Floor (03:07)・Macro Outlook (06:00)・Stock Market Outlook (09:05)・The Housing Market (11:29)・Alpha vs Beta Market (14:21)・Blockdaemon Ad (15:31)・Andreas' Trade Idea (20:26)・Alf's Trade Idea (27:03)・Final Thoughts

On the Margin
Bonds Smell Risk, Will The Market React? | On The Margin

On the Margin

Play Episode Listen Later Apr 9, 2022 62:36


In this episode I am joined by my colleagues and special guest hosts Jack Farley and Byron Gilliam. We went through a whole range of topics today, beginning with the bond market. We gave everyone an update on the rate hikes that the market is pricing in (spoiler alert: it's a lot), the historic rout happening at the long end of the curve, and how the Fed is likely to respond. We also discussed how to play a bond sell off, and the "risk vs reward" of investing in risk assets at the current time. We also covered the additional tail risk of Shanghai's recent COVID shutdown, and how that may exacerbate the current inflationary impulse. Next we went on to discuss Peter Thiel's recent comments at Bitcoin 2022, in which he decried the "gerontocracy" of Warren Buffett, Jamie Dimon and Larry Fink. He also said that Bitcoin could eventually grow larger than the global stock market, which is currently worth roughly $115 trillion. Next we moved on to the growth of Lightning Network, and the recent announcements that from both Strike and Robinhood. Finally we moved on to discuss Terra's $100 million purchase of AVAX, but for our takes there you will have to tune into the episode. -- Follow Jack Farley: @JackFarley96 Follow Byron Gilliam: @bgilliam1982 Follow Mike: @MikeIppolito_ Follow Blockworks: @Blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter -- Referenced In The Show: Jim Bianco Thread On Bonds: https://twitter.com/biancoresearch/status/1512106368647536649 Timestamps: (00:00) Introduction (00:36) Permissionless (01:48) The Bond Market (06:20) The Stock Market  (12:10) Zoltan Pozsar Calls For Bretton Woods III (16:40) Risk/Reward In Risk Assets (20:20) Lockdowns In Shanghai (25:40) Peter Thiel Bitcoin Miami 2022 Speech (32:05) The Lightning Network  (40:35) Blockdaemon Ad (41:45) LFG Acquires $100 Million in Avax (57:18) Final Thoughts

LA Blockchain Summit
Blockchain Technology Recruitment & Retention Strategies | LA Blockchain Summit

LA Blockchain Summit

Play Episode Listen Later Mar 29, 2022 42:22


Judith Garb of Robinhood, Ziv Keinan of Simetria, Warren Paul Anderson of Findora, Konstantin Richter of Blockdaemon, Daniel Ice of Charge and Vishakh Null of Cryptonomic discussed Blockchain Technology Recruitment & Retention Strategies. 

CTO Confessions Brought to you by IT Labs
Episode 103: Bringing Blockchain and Business Closer Together With Lloyd Moore

CTO Confessions Brought to you by IT Labs

Play Episode Listen Later Mar 10, 2022 35:26


Blockdaemon is all about blockchain nodes – the plumbing behind all blockchain operations. What was once a complex procedure to launch, is now a piece of cake. Businesses can now dip their toes in the world of blockchain, and Blockdaemon is here to empower them. TC sat down with Blockdaemon's VP of Engineering, Lloyd Moore to talk about his journey in the tech world, his leadership style, and of course- more about Blockdaemon. Key Takeaways: • How creating a simpler blockchain infrastructure can help improve business usage • Why getting bigger is not about going slow - it's about delegating • How trust is the one thing that underpins leadership and the decisions we make Our Guest: Lloyd Moore LinkedIn: https://www.linkedin.com/in/moorelloyd/ Website: https://blockdaemon.com/ Twitter: https://twitter.com/iolloyd?lang=en Intro and background music: Craig MacArthur - Power Shutoff (www.youtube.com/watch?v=x74iB_jtauw)

Console DevTools
Devtools investing, with Ed Sim (Boldstart) - S02E05

Console DevTools

Play Episode Listen Later Feb 3, 2022 30:38


In this episode we speak to Ed Sim, Founder and General Partner of Boldstart, a venture investor specializing in DevTools and software. Ed has invested in developer-focused companies like Snyk, Slim.ai, and Jit Security. We discuss what engineers should think about when working on side projects, when and if they should seek out investors, how to pick the good ones, whether raising money is even needed, and what the role of open source is.About Ed SimEd is the Founder of Boldstart Ventures, a day-one partner and true believer for developer first and SaaS founders. Boldstart is a lead investor and often partners with technical founders at company formation, helping accelerate their path to product market fit.Ed is currently a board member/observer of Snyk, Kustomer, BigID, Blockdaemon, Env0, Dooly, and Cape Privacy. Other notable day-one investments include Superhuman, Security Scorecard, and Front. Ed previously co-founded Dawntreader Ventures where he led first round investments in LivePerson (NASDAQ: LPSN), GoToMeeting (acq. By Citrix), and Greenplum (acq. EMC/Pivotal). Ed has a BA in Economics from Harvard.Things mentioned:SnykSlim.aiCodeSeeAtomic Jar TestcontainersAkamaiSourceClearNodeRubyGemsDigitalOceanAtlassianTwilioGitLabBitbucketGreenplumEucalyptusCape Privacy Gavin UhmaDropout LabsTensorFlow encryptedMongoDBElasticsearchRed Hat JBossBoldstart.vcWhat's Hot in Enterprise IT/VCLet us know what you think on Twitter:https://twitter.com/consoledotdevhttps://twitter.com/davidmyttonhttps://twitter.com/edsimOr by email: hello@console.devAbout ConsoleConsole is the place developers go to find the best tools. Our weekly newsletter picks out the most interesting tools and new releases. We keep track of everything - dev tools, devops, cloud, and APIs - so you don't have to. Sign up for free at: https://console.devRecorded: 2021-10-15.

FinTech Newscast
Ep 158- Blockdaemon COO Cecily Mak

FinTech Newscast

Play Episode Listen Later Nov 14, 2021 38:34


Click Subscribe to keep up to date on the world of fintech!  Reach us at info@fintechnewscast.com or at @fintechnewscast on Twitter We talk to Blockdaemon COO Cecily Mak on the challenges of a fast growing startup and upcoming crypto changes all while keeping a healthy company culture on the Fintech Newscast https://blockdaemon.com

Big Dawg Crypto Podcast
E16 - Big Dawg Crypto Podcast (The Crypto Lauren)

Big Dawg Crypto Podcast

Play Episode Listen Later Oct 4, 2021 34:34


Join Big Dawg Crypto (@woofBIGDAWG) and The Crypto Lauren (@thecryptolauren) of Blockdaemon as they discuss topics such as crypto regulations, researching crypto & why Nodes matter. It's node joke that you'll validate info that's both entertaining & valuable during this episode!

Untold Stories
Forty Shades of Blockchains & Nodes with Konstantin Richter

Untold Stories

Play Episode Listen Later Jul 6, 2021 44:01


My guest today is Konstantin Richter, CEO and Founder of Blockdaemon. Blockdaemon is a provider of a node management platform designed to empower businesses to simply and efficiently manage blockchain applications. The company's platform offers a multi-chain multi-cloud network management tool that can deploy nodes and connect them to blockchains within minutes and also offers its own infrastructure for select projects to offer faster deploy times and lower costs, enabling businesses to quickly deploy and iterate blockchain applications and simplify peer-to-peer network management. Konstantin is a serial entrepreneur and investor. He has led several SaaS B2B companies towards meaningful exits in the media/advertising space, including Audiotube, Lookbooks and Wiredrive. He also is an advisor to blockchain company Gem, and serves on the board of MadHive, a media/advertising blockchain business, Genymobile, the android dev tool and DNAstack.com, the genomic search-engine. He currently serves as the CEO and founder of Blockdaemon, a hybrid cloud middleware platform for major blockchain protocols. Konstantin delivers a masterclass in blockchain infrastructure and node operation. We discuss the importance and role that nodes play in the ecosystem, the process of decentralization, and how projects work with node providers to build towards decentralization. We also talk about the Bitcoin Scaling Wars and Ethereum migrating to Eth 2.0. This is an amazing conversation, it's a must listen for anyone interested in understanding how blockchains work. Please enjoy my conversation with Konstantin Richter. --- Bitcasino:  This episode was brought to you by Bitcasino. The world's leading Bitcoin-led online casino and crypto-centric gaming destination. Wager your way into a world of opportunity, with the ultimate Fun, Fast and Fair crypto-casino experience. Deposit, wager, and withdraw in real-time with a host of top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), LiteCoin (LTC), Tether (USDT), TRON (TRX), Ripple (XRP), and more! Use the promo link https://untoldstories.link/bitcasino, to unlock your 200 FREE SPINS in the Legacy of Dead Promotion. --- This podcast is powered by Blockworks. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at https://blockworks.co

Untold Stories
Forty Shades of Blockchains & Nodes with Konstantin Richter

Untold Stories

Play Episode Listen Later Jul 6, 2021 44:01


My guest today is Konstantin Richter, CEO and Founder of Blockdaemon. Blockdaemon is a provider of a node management platform designed to empower businesses to simply and efficiently manage blockchain applications. The company's platform offers a multi-chain multi-cloud network management tool that can deploy nodes and connect them to blockchains within minutes and also offers its own infrastructure for select projects to offer faster deploy times and lower costs, enabling businesses to quickly deploy and iterate blockchain applications and simplify peer-to-peer network management. Konstantin is a serial entrepreneur and investor. He has led several SaaS B2B companies towards meaningful exits in the media/advertising space, including Audiotube, Lookbooks and Wiredrive. He also is an advisor to blockchain company Gem, and serves on the board of MadHive, a media/advertising blockchain business, Genymobile, the android dev tool and DNAstack.com, the genomic search-engine. He currently serves as the CEO and founder of Blockdaemon, a hybrid cloud middleware platform for major blockchain protocols. Konstantin delivers a masterclass in blockchain infrastructure and node operation. We discuss the importance and role that nodes play in the ecosystem, the process of decentralization, and how projects work with node providers to build towards decentralization. We also talk about the Bitcoin Scaling Wars and Ethereum migrating to Eth 2.0. This is an amazing conversation, it's a must listen for anyone interested in understanding how blockchains work. Please enjoy my conversation with Konstantin Richter. --- Bitcasino:  This episode was brought to you by Bitcasino. The world's leading Bitcoin-led online casino and crypto-centric gaming destination. Wager your way into a world of opportunity, with the ultimate Fun, Fast and Fair crypto-casino experience. Deposit, wager, and withdraw in real-time with a host of top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), LiteCoin (LTC), Tether (USDT), TRON (TRX), Ripple (XRP), and more! Use the promo link https://untoldstories.link/bitcasino, to unlock your 200 FREE SPINS in the Legacy of Dead Promotion. --- This podcast is powered by Blockworks. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at https://blockworks.co

Dave's Daily Crypto Take
Dave's Daily Crypto Take #9 - June 17th, 2021 (Facebook Coin Diem Offering Pre-Sale Discount)

Dave's Daily Crypto Take

Play Episode Listen Later Jun 17, 2021 32:45


#bitcoin #facebook #cryptoI'd like to welcome everyone to my new PODCASTDave's Daily Crypto TakeIn this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.ARTICLES used in today's video:https://futurism.com/the-byte/us-regulators-terrified-of-stablecoinsUS regulators have rung the alarm bells over the recent rise in stablecoins, cryptocurrency tokens that have a fixed price and are backed by fiat currency reserves, Bloomberg reports.https://www.cryptopolitan.com/bitcoin-analyst-explains-why-btc-at-250k/Venture capitalist and Bitcoin analyst, Tim Draper has reiterated that by 2022, Bitcoin would trade at $250,000.“I think I'm going to be right on this one,” Draper tells CNBC Make It during an interview.https://www.coindesk.com/banks-edge-closer-to-ethereum-2-0-stakingBanks could one day be key participants in Ethereum 2.0.It's a trend that will soon garner as much attention as institutional interest in bitcoin, say firms like Blockdaemon and Bison Trails, which provide the infrastructure to make running a staking node on Ethereum 2.0 low risk and easy to deploy. https://finbold.com/over-99-of-the-current-bitcoin-supply-held-by-only-10-of-btc-addresses/A significant share of bitcoin's current supply remains highly concentrated in a few wallets casting the spotlight on the asset's decentralized nature.https://www.cryptopolitan.com/privcy-cryptocurrency-increased-40000000/Cryptocurrencies are known for their volatility, and PRIVCY could have shown that by having an increase in value by over 40,000,000%. It is incredible how this virtual currency, recently a total unknown, capitalized among the four best tokens.https://edition.cnn.com/2021/06/16/investing/altcoins-cryptocurrencies/Bitcoin and ethereum are the Coke and Pepsi of crypto: Their combined value of about $1 trillion accounts for nearly two-thirds of the overall $1.6 trillion in digital currencies worldwide.https://bitcoinist.com/facebook-coin-diem-offering-pre-sale-discount-for-early-investors/Facebook's Diem has announced it is offering a pre-sale discount on its token for early investors.“You can participate in the birth of diem and be one of the first buyers. Buy diem Coins now with cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash.”First announced as Libra in June 2019, the project's initial plans for a worldwide cryptocurrency have since been scaled back significantly.https://alternative.me/crypto/fear-and-greed-index/https://coinmarketcap.com/Please subscribe, like, and share so that more and more people can view this content.DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.Thank you very much DaveSupport this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

IBS Intelligence Podcasts
Ep191: How the investment landscape for blockchain is shaping up in 2021

IBS Intelligence Podcasts

Play Episode Listen Later Apr 13, 2021 12:36


Cecily Mak, Chief Operating Officer, BlockdaemonDive into the future of the blockchain industry as institutional adoption of blockchain and digital assets accelerates. We look at how blockchain networks are scaling up with Cecily Mak of Blockdaemon, a leading blockchain node infrastructure provider. She tells Robin Amlot of IBS Intelligence that 2021 is the most significant year yet for the industry.  

The DIVI Crypto Podcast
Staking Interview with Konstantin Richter CEO of Blockdaemon

The DIVI Crypto Podcast

Play Episode Listen Later Feb 20, 2021 35:39


Today we're talking to Konstantin Richter of Blockdaemon, a blockchain deployment facilitator. Konstantin's first real career after school was with T-Mobile, building out network infrastructures. Here he learned how to distribute content and how to trade and package metadata. Like any technology there were issues and Konstantin knew then he wanted to become an entrepreneur and help solve those problems. Once in the entrepreneurial world, Konstantin got excited about blockchain in 2012. In 2015 he became an advisor to a few companies working to build a more holistic solution around decentralized ledgers. Some of this technology was ahead of the times, but Konstantin was now involved in the production ecosystem. Making his exit in 2017, Konstantin knew that his next entrepreneurial project would be with blockchain. Working with a team, Konstantin aimed to bridge the gap between what blockchain could do and what people thought it could do. Working with companies like Amazon and Google, they were automating the deployment and management of bitcoin nodes across a hybrid cloud structure. Today Blockdaemon has 75 note types and 30 protocols fully automated. Konstantin says it's as easy as pulling out your credit card and pushing a few buttons to get your own fully synced node. Konstantin says that 2018-2019 was a time of building and learning. On a technical capability level, they had a lot of work to do. Blockdaemon is available to anyone that wants to connect to blockchain networks with security, consistency, and privacy. In the beginning, it was more about physically employing nodes that was hard. Now the focus is on assurances of consistency for their clients. Konstantin says their focus is ultimately the liquidity cycle of networks. Blockdaemon has an enterprise option but is still at the institutional adoption stage, being one step too early for widespread usage. Blockdaemon was one of the first to focus on nodes and is still the only place you can deploy a wide range of POW, Top 10, and POS tokens. Being in a good position to satisfy demand, Blockdaemon has a wide cohort of customer and use cases. Going into 2021-2022, Konstantin says he's most excited about payment networks, transaction systems, and the widespread adoption of cryptocurrency. To learn more about Blockdaemon or nodes, visit blockdaemon.com and sign up for their newsletter. Blockdaemon can also be found on Twitter, and Konstantin himself can be reached at konstantin@blockdaemon.com. -- Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.

CRYPTO 101
Ep. 359 - Why Cryptocurrency is Necessary for a True Democracy, w/ Blockdaemon's Konstantin Richter

CRYPTO 101

Play Episode Listen Later Jan 14, 2021 31:43


In this episode of CRYPTO 101, we meet with Konstantin Richter who unveils his masterpiece, Blockdaemon. This service allows anyone to run one of dozens of blockchain nodes, for free. This not only helps secure the networks, but lets users earn revenue all at the same time. This saves the average consumer weeks and months of time, if they had an expert holding their hand through all the bash prompt commands. Not to mention thousands of dollars in server hardware and upkeep. Why run a node? The more nodes there are under a different user's control, the more decentralized and secure a network is against censorship, hacks, downtime, and bad actors. It is critical that major crypto networks have tens or hundreds of nodes, if not millions. Major hacking groups, including world governments and intelligence agencies have no problem spooling up thousands of nodes to perform 51% attacks, so it is very important to be conscious of this aspect of cryptocurrency -- the underlying blockchain and infrastructure is very important. Blockdaemon is an amazing leap forward in the ease of running a node. We learn a lot from Konstantin in this episode about not only what goes into running a node, but which cryptocurrencies his platform supports, and even how the user can monetize their node to make passive income from it! If you have time to listen to this podcast, you have the time to take advantage of this opportunity! Sponsored link: https://CRYPTO101insider.com Guest Links: https://blockdaemon.com/ https://twitter.com/konstantin11 Show Links: https://CRYPTO101podcast.com Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2021 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

CRYPTO 101: with Matthew Aaron
Ep. 359 - Why Cryptocurrency is Necessary for a True Democracy, w/ Blockdaemon's Konstantin Richter

CRYPTO 101: with Matthew Aaron

Play Episode Listen Later Jan 14, 2021 31:43


In this episode of CRYPTO 101, we meet with Konstantin Richter who unveils his masterpiece, Blockdaemon. This service allows anyone to run one of dozens of blockchain nodes, for free. This not only helps secure the networks, but lets users earn revenue all at the same time. This saves the average consumer weeks and months of time, if they had an expert holding their hand through all the bash prompt commands. Not to mention thousands of dollars in server hardware and upkeep. Why run a node? The more nodes there are under a different user’s control, the more decentralized and secure a network is against censorship, hacks, downtime, and bad actors. It is critical that major crypto networks have tens or hundreds of nodes, if not millions. Major hacking groups, including world governments and intelligence agencies have no problem spooling up thousands of nodes to perform 51% attacks, so it is very important to be conscious of this aspect of cryptocurrency -- the underlying blockchain and infrastructure is very important. Blockdaemon is an amazing leap forward in the ease of running a node. We learn a lot from Konstantin in this episode about not only what goes into running a node, but which cryptocurrencies his platform supports, and even how the user can monetize their node to make passive income from it! If you have time to listen to this podcast, you have the time to take advantage of this opportunity! Sponsored link: https://CRYPTO101insider.com Guest Links: https://blockdaemon.com/ https://twitter.com/konstantin11 Show Links: https://CRYPTO101podcast.com Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2021 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

The Tech Blog Writer Podcast
1448: The Future of Blockchain Network Governance

The Tech Blog Writer Podcast

Play Episode Listen Later Dec 29, 2020 28:54


Blockdaemon is a blockchain deployment facilitator. What Heroku does for the cloud, they do for blockchain networks: easy one-click deployment, management, and supervision of nodes, no matter in what configuration. Their solution is fully portable, allowing you to switch networks and chains with the click of a button, so you don't have to worry about picking the perfect network configuration from day one. The company also supports the blockchain developer ecosystem with best-of-breed dev-ops advise. Konstantin Richter, CEO/Founder, Blockdaemon, joins me on the Tech Talks Daily podcast. Konstantin shares his background as a software developer, and how he came to enter the world of crypto/blockchain. We discuss the origins of Blockdaemon and how the company has evolved over the past three years. Other topics up for discussion is the institutional adoption of DLT. The pros and cons of institutions entering the sector and how we can bring institutions into crypto the right way. Finally, why nodes are important scaling up blockchain networks and democratizing the control of nodes in a network.

Breakout Startups
#30 Konstantin Richter, CEO of Blockdaemon: How They Grew 5x Monthly Recurring Revenue

Breakout Startups

Play Episode Listen Later Nov 25, 2020 49:54


EPISODE 30: Guest: Konstantin Richter, CEO & Founder of Blockdaemon. What they do: What they do: Blockdaemon helps orchestrate networks across multiple clouds and datacenters. They offer a network management tool that can deploy nodes and connect them to blockchains within minutes. Funding amount: $11M. Key insights shared by Konstantin: How they grew monthly recurring revenue 5x this year? Why he built a fully-remote team from the very beginning? Why institutions are entering the blockchain space? SUBSCRIBE TO THE PODCAST: Subscribe on Apple Podcasts, Spotify or your favorite podcast app Leave a review Share the show on social media with your friends and family LISTEN TO THE BREAKOUT STARTUPS PODCAST: Apple Podcasts Spotify Overcast Google Podcasts Youtube Stitcher Show website FOLLOW TOMER ON SOCIAL MEDIA: Twitter Medium blog

Forkast.News
Why governments' use of blockchain will result in greater adoption (ft. Konstantin Richter)

Forkast.News

Play Episode Listen Later Sep 21, 2020 35:10


Konstantin Richter, CEO of Blockdaemon explains how blockchain adoption will succeed if more institutions are brought in the fold.

Forkast.News
Why governments' use of blockchain will result in greater adoption (ft. Konstantin Richter)

Forkast.News

Play Episode Listen Later Sep 21, 2020 35:10


Konstantin Richter, CEO of Blockdaemon explains how blockchain adoption will succeed if more institutions are brought in the fold.

Distributed Media: the Blockchain and Cryptocurrency Podcast Network
Konstantin Richter (Blockdaemon) - The Myth of Decentralization, Blockchain Governance in 2020, Do Networks Need Leaders?, The Future of Staking

Distributed Media: the Blockchain and Cryptocurrency Podcast Network

Play Episode Listen Later Aug 5, 2020 57:39


The team sits down w/ Konstantin Richter to discuss how Blockdaemon aids in tech and governance infrastructure for the largest public chains in Crypto, why Decentralization is a myth in 2020, Public vs. Private chains, and whether DeFi innovation can be sustainable long term. 

Mike Satoshi
Krypto Newsy Lite #1 | 12.05.2020 | JP Morgan Chase otwiera konta Coinbase i Gemini, COVID-19 napędzi rynek, Smart kontrakty XRP Ledger

Mike Satoshi

Play Episode Listen Later May 12, 2020 20:41


Wszystkie dobre podcasty o kryptowalutach https://darmowekrypto.org.pl/podcasty-----------------------------------------Krypto Newsy Lite #1 | 12.05.2020 | JP Morgan Chase otwiera konta Coinbase i Gemini, COVID-19 napędzi rynek, Smart kontrakty XRP LedgerCzy na naszych oczach dzieje się rewolucja? Gigantyczny bank JP Morgan Chase otwiera konta takim firmom jak Coinbase czy Gemini. Nie dalej jak w 2017 roku JP Morgan Chase nazwał Bitcoina oszustwem! Ethereum 2.0 ma konkurencje. Już nie tylko IBM, ale także XRP Ledger ma obsługiwać smart kontrakty. W przypadku XRP Ledger jest już testnet. Zapraszam na kolejny odcinek wiadomości! Nowa edycja czyli Krypto-Newsy Lite! Petycja TJS: https://www.petycjeonline.com/likwidacja_podatku_od_zyskow_kapitaowych_podatku_belkiW dzisiejszym odcinku: - Bitcoin urośnie do $425k w 50 lat - https://comparic.pl/bitcoin-jest-jak-zloto-50-lat-temu-cena-btc-wzrosnie-do-425-tys-usd/-PBoC ostrzega przed ICO w Chinach - https://comparic.pl/bitcoin-jest-jak-zloto-50-lat-temu-cena-btc-wzrosnie-do-425-tys-usd/- Pompliano o tym, iż COVID-19 napędzie rynek - https://cointelegraph.com/news/anthon...- Binance dodaje randa - https://cointelegraph.com/news/binanc...- Blisko ATH nowych użytkowników na Binance - https://cointelegraph.com/news/new-us...- JP Morgan Chase otwiera konta Coinbase i Gemini - https://www.coindesk.com/coinbase-gem...- XRP może szykować się do pompy - https://coinfomania.com/xrp-is-settin...- Mike Novogratz przewiduje rajd BTC i ETH - https://dailyhodl.com/2020/05/12/mike...- Flare chce robi smart kontrakty na XRP Ledger - https://dailyhodl.com/2020/05/12/ripp...- Kolejny pozew przeciwko BitMEX - https://www.theblockcrypto.com/post/6...- Blockdaemon zebrał $5.5M na rozwój - https://www.theblockcrypto.com/post/6...- Eosfinex ma ruszyć w czerwcu - https://en.cryptonomist.ch/2020/05/12...- Nowe ATH może napędzić nową bańkę - https://cryptoslate.com/economist-bit...-----------------------------------------OFICJALNY SKLEP Z GADŻETAMI KANAŁU MIKE SATOSHI http://kryptonarod.store/ZOSTAŃ PATRONEM KANAŁU MIKE SATOSHI https://patronite.pl/mike-satoshi-----------------------------------------Jeżeli chciałbyś wesprzeć rozwój i działania kanału, możesz przekazać dotację: https://tipanddonation.com/mikesatoshi lub PayPal: paypal.me/mikesatoshi Portfele do dotacji krypto są tutaj: https://cryptokoks.wixsite.com/mikesatoshi/dotacje ----------------------------------------- Mój kanał na YouTube: https://www.youtube.com/channel/UCEX4iDKLfxtIJY6IVgMSqCQE-mail do kontaktu: cryptokoks@gmail.com Oficjalny Twitter: https://twitter.com/Mikey_Satoshi Kanał na DTube: https://d.tube/#!/c/mikesatoshi Grupa KryptoNaród na FB: https://www.facebook.com/groups/230649241027530/ Grupa KryptoNaród na Discord: https://discord.gg/CPTSa43 Airdropy i inne sposoby na darmowe kryptowaluty: https://darmowekrypto.org.pl -----------------------------------------

Blockchain Innovation: Interviewing The Brightest Minds In Blockchain
041: Decentralization-as-a-Service – with Blockdaemon’s Konstantin Richter

Blockchain Innovation: Interviewing The Brightest Minds In Blockchain

Play Episode Listen Later Aug 30, 2019 39:02


Konstantin Richter is the Co-Founder & CEO of Blockdaemon. He is a serial software entrepreneur and has also held senior-level positions at prominent firms such as Nokia and Deutsche Telekom. In this episode, Konstantin and I discuss:   The difference between Blockdaemon and other infrastructure startups Key reasons why individuals and enterprises should outsource their blockchain infrastructure Blockdaemon’s business strategy – what Konstantin calls, “Decentralization-as-a-Service”

Unconfirmed: Insights and Analysis From the Top Minds in Crypto
Fidelity Digital Asset Services' Tom Jessop on Why It's Serving Institutional Clients First - Ep.043

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Play Episode Listen Later Oct 26, 2018 20:45


Fidelity Digital Asset Services president Tom Jessop explains why its new crypto offering for institutional clients is focused on custody and trade execution, why it's decided not to launch its own exchange, and what kinds of trading capabilities from traditional financial services they plan to build out in the space. He also describes Fidelity's journey to this point -- how it started mining Bitcoin in 2015, had employees buy what must now be some of the world's most expensive bagels in the company cafeteria, and enabled Bitcoin donations in its donor advised funds. He also answers whether or not they plan to create a digital asset offering for retail customers, how custodying digital assets is different from custodying traditional assets and how he came to Fidelity after experience at Goldman Sachs and Chain. Thank you to our sponsors! Onramp: http://www.thinkonramp.com Blockdaemon: http://blockdaemon.com/unchained/ Episode links: Fidelity Digital Assets: https://www.fidelitydigitalassets.com/overview Fidelity's journey in crypto: https://medium.com/@FidelityDigitalAssets/fidelity-digital-assets-the-journey-from-idea-to-market-3ab3bf4b38d5 Custody of digital assets: https://medium.com/@FidelityDigitalAssets/custody-in-the-age-of-digital-assets-95799f347016 Endowments investing in crypto: https://www.theinformation.com/articles/harvard-stanford-mit-endowments-invest-in-crypto-funds

Unconfirmed: Insights and Analysis From the Top Minds in Crypto
Why the Tether Situation Brought Up Memories of Mt. Gox - Ep.042

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Play Episode Listen Later Oct 19, 2018 20:19


Dan McArdle, cofounder of Messari and the creator of OnChainFX, discusses why tether lost its dollar peg, how the Gemini USD traded at above $1, and how this was similar to the time before Mt. Gox imploded. We also discuss the significance of the Fidelity news, plus McArdle's thesis on how Bitcoin would behave in a recession -- which isn't the conventional wisdom. Thank you to our sponsors! Blockdaemon: http://blockdaemon.com/unchained/ OnRamp: http://www.thinkonramp.com Episode links: Dan McArdle: https://twitter.com/robustus Messari: https://messari.io OnChainFX: https://onchainfx.com Tether falls in price: https://www.coindesk.com/price-of-tether-stablecoin-tanks-to-18-month-low/ Gemini trades as high as $1.09: https://www.coindesk.com/gemini-stablecoin-volume-doubles-top-10-exchange-bibox-tether-turmoil/ Bitfinex's banking situation: https://theblockcrypto.com/2018/10/16/tether-has-found-a-new-bank-in-the-caribbean/ https://theblockcrypto.com/2018/10/16/bitfinex-appears-to-have-moved-its-business-to-a-hong-kong-bank/ Unchained episode in which I answer listener questions: http://unchainedpodcast.co/listener-mail-laura-answers-your-questions-on-the-markets-velocity-privacy-and-more-ep88 Fidelity's news: https://www.forbes.com/sites/michaeldelcastillo/2018/10/15/fidelity-launches-institutional-platform-for-bitcoin-and-ethereum/ Dan's thoughts on how Bitcoin could behave in a recession: https://twitter.com/robustus/status/1010240675189805063

Unchained
Listener Mail: Laura Answers Your Questions on the Markets, Velocity, Privacy and More! - Ep.88

Unchained

Play Episode Listen Later Oct 16, 2018 69:26


This week, because I was busy with my TEDx talk and my book, I decided to do an episode in which I answer your questions. Thank you to everyone who submitted one, and I'm so sorry I didn't get to all your questions. In this episode, I talk about what's necessary to gain wider adoption, how I think the next bull run will manifest and how Bitcoin would behave in a serious financial crisis. Plus, I reveal which areas of the industry I think will blossom, and which areas I'm less optimistic about. I also answer what people who are just getting into the technology can do in the space, why the oracle problem is so challenging and how it can be resolved, and what the velocity problem is, and whether it applies especially to Ethereum. I also delve into privacy coins, whether or not the lower overall crypto market volatility we're seeing now will continue, and where this trend with stablecoins is going. There are a LOT of episode links -- be sure to check them out! Thank you to our sponsors! Altlending: https://altlending.com Blockdaemon: http://blockdaemon.com/unchained/ Episode links: Senate hearing on cryptocurrencies: https://www.c-span.org/video/?452837-1/senate-banking-panel-explores-cryptocurrencies-blockchains Tweets with me, Nouriel and Vitalik: https://twitter.com/laurashin/status/1050782831859752960 My conversation with Soona Amhaz of Token Daily about Nouriel Roubini on Unconfirmed: http://unconfirmed.libsyn.com/how-were-misusing-the-word-decentralization-ep041 Milken Institute panel featuring Nouriel Roubini: http://www.milkeninstitute.org/videos/view/cryptocurrencies-irrational-exuberance-or-brave-new-world Skeptics' Episodes: Preston Byrne & Angela Walch: http://unchainedpodcast.co/the-skeptics-episode-preston-byrne-and-angela-walch-on-what-the-industry-and-regulators-get-wrong-in-crypto Meltem Demirors & Jill Carlson: http://unchainedpodcast.co/episode-74 Singularity University episode discussing usbaility: http://unchainedpodcast.co/singularity-university-global-summit-how-do-we-get-consumer-adoption-ep83 My Forbes article on phone hijacking: https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/#2ada233b38ba USV blog post on apps and infrastructure: https://www.usv.com/blog/the-myth-of-the-infrastructure-phase CryptoKitties episode: http://unchainedpodcast.co/what-makes-a-cryptokitty-worth-140000-ep75 Token Foundry standards: https://blog.tokenfoundry.com/token-foundry-standards/ Civil: https://civil.co Forbes magazine feature on blockchain not Bitcoin, featuring Chain: https://www.forbes.com/sites/laurashin/2015/09/09/bitcoins-shared-ledger-technology-moneys-new-operating-system/#66bb2f4c7dd1 Recent episode with Barry Silbert: http://unchainedpodcast.co/barry-silbert-on-what-wall-street-says-privately-about-crypto-vs-what-it-says-publicly-ep87 Decentralized Finance series: 0x: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future Dharma: http://unchainedpodcast.co/nadav-hollander-on-how-dharma-could-create-new-forms-of-debt-ep80 Compound: http://unchainedpodcast.co/how-youll-earn-interest-on-your-crypto-with-compound-ep82 dYdX: http://unchainedpodcast.co/how-dydx-allows-you-to-take-a-short-position-in-one-token-ep86 Institutional money: The Information article on university endowments investing in crypto: https://www.theinformation.com/articles/harvard-stanford-mit-endowments-invest-in-crypto-funds Unchained episode with Tuur Demeester: http://unchainedpodcast.co/tuur-demeester-on-why-hes-a-bitcoin-maximalist-and-bearish-on-ethereum-ep81 Fortune article on Bakkt: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/ Custody solutions: BitGo becomes a qualified custodian: https://www.coindesk.com/bitgo-receives-regulatory-approval-to-custody-crypto-assets/ Unchained episode with Mike Belshe of BitGo: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Coinbase Custody opens: https://blog.coinbase.com/coinbase-custody-is-officially-open-for-business-182c297d65d9 Potential recession: Oslo Freedom Forum episode on uptake of bitcoin in Venezuela: http://unchainedpodcast.co/the-oslo-freedom-forum-in-new-york-why-decentralization-matters-ep85 Fortune article on Chainalysis: http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/?ref=tokendaily Trends I think will blossom: First Unchained episode with Kathryn Haun: http://unchainedpodcast.co/federal-prosecutor-kathryn-haun-on-how-criminals-use-bitcoin-and-how-she-catches-them Unchained episode with Chris Dixon of a16z crypto: http://unchainedpodcast.co/chris-dixon-on-how-trust-is-the-best-lego-block-ep70 Unchained episode with Zooko Wilcox of Zcash: http://unchainedpodcast.co/zcashs-zooko-wilcox-on-why-he-believes-privacy-coins-will-be-used-more-for-good-than-bad JPMorgan Chase using Zcash technology: https://www.forbes.com/sites/laurashin/2017/05/22/jpmorgan-chase-to-integrate-zcash-technology-to-its-enterprise-blockchain-platform/ Enterprise blockchains: NYT article I wrote on enterprise blockchains: https://www.nytimes.com/2018/06/27/business/dealbook/industries-blockchains-efficiency.html Oracles: Ether flash crash on GDAX: https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html Medium article on oracles:  https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html Episode with Joey Krug of Augur: http://unchainedpodcast.co/joey-krug-on-how-augur-is-like-any-other-tool-ep79 Episode with Danny An of TrustToken: http://unchainedpodcast.co/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep77 Velocity problem: Chris Burniske on how to value a crypto asset, on Unchained: http://unchainedpodcast.co/how-to-valuate-a-crypto-asset-s3e08 Ethereum post on reducing block reward: https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html Privacy coins: Good post on Monero vs. Zcash: https://medium.com/digitalassetresearch/zec-best-in-class-privacy-in-a-public-blockchain-1df2a3728739 Episode on illicit use of cryptocurrencies: http://unchainedpodcast.co/how-widespread-is-money-laundering-in-crypto-ep72 Carlotta Perez book, Technological Revolutions and Financial Capital: http://www.carlotaperez.org/pubs?s=tf&l=en&a=technologicalrevolutionsandfinancialcapital Unchained episode on stablecoins: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable Unconfirmed episode with Rune Christensen of MakerDAO: http://unconfirmed.libsyn.com/rune-christensen-of-makerdao-on-its-15-million-from-andreessen-horowitz-ep039 Unchained episode with Circle that describes their stablecoin: http://unchainedpodcast.co/circles-jeremy-allaire-and-sean-neville-on-why-crypto-will-be-bigger-than-the-web-ep71

Unchained
Listener Mail: Laura Answers Your Questions on the Markets, Velocity, Privacy and More! - Ep.88

Unchained

Play Episode Listen Later Oct 16, 2018 69:26


This week, because I was busy with my TEDx talk and my book, I decided to do an episode in which I answer your questions. Thank you to everyone who submitted one, and I'm so sorry I didn't get to all your questions. In this episode, I talk about what's necessary to gain wider adoption, how I think the next bull run will manifest and how Bitcoin would behave in a serious financial crisis. Plus, I reveal which areas of the industry I think will blossom, and which areas I'm less optimistic about. I also answer what people who are just getting into the technology can do in the space, why the oracle problem is so challenging and how it can be resolved, and what the velocity problem is, and whether it applies especially to Ethereum. I also delve into privacy coins, whether or not the lower overall crypto market volatility we're seeing now will continue, and where this trend with stablecoins is going. There are a LOT of episode links -- be sure to check them out! Thank you to our sponsors! Altlending: https://altlending.com Blockdaemon: http://blockdaemon.com/unchained/ Episode links: Senate hearing on cryptocurrencies: https://www.c-span.org/video/?452837-1/senate-banking-panel-explores-cryptocurrencies-blockchains Tweets with me, Nouriel and Vitalik: https://twitter.com/laurashin/status/1050782831859752960 My conversation with Soona Amhaz of Token Daily about Nouriel Roubini on Unconfirmed: http://unconfirmed.libsyn.com/how-were-misusing-the-word-decentralization-ep041 Milken Institute panel featuring Nouriel Roubini: http://www.milkeninstitute.org/videos/view/cryptocurrencies-irrational-exuberance-or-brave-new-world Skeptics' Episodes: Preston Byrne & Angela Walch: http://unchainedpodcast.co/the-skeptics-episode-preston-byrne-and-angela-walch-on-what-the-industry-and-regulators-get-wrong-in-crypto Meltem Demirors & Jill Carlson: http://unchainedpodcast.co/episode-74 Singularity University episode discussing usbaility: http://unchainedpodcast.co/singularity-university-global-summit-how-do-we-get-consumer-adoption-ep83 My Forbes article on phone hijacking: https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/#2ada233b38ba USV blog post on apps and infrastructure: https://www.usv.com/blog/the-myth-of-the-infrastructure-phase CryptoKitties episode: http://unchainedpodcast.co/what-makes-a-cryptokitty-worth-140000-ep75 Token Foundry standards: https://blog.tokenfoundry.com/token-foundry-standards/ Civil: https://civil.co Forbes magazine feature on blockchain not Bitcoin, featuring Chain: https://www.forbes.com/sites/laurashin/2015/09/09/bitcoins-shared-ledger-technology-moneys-new-operating-system/#66bb2f4c7dd1 Recent episode with Barry Silbert: http://unchainedpodcast.co/barry-silbert-on-what-wall-street-says-privately-about-crypto-vs-what-it-says-publicly-ep87 Decentralized Finance series: 0x: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future Dharma: http://unchainedpodcast.co/nadav-hollander-on-how-dharma-could-create-new-forms-of-debt-ep80 Compound: http://unchainedpodcast.co/how-youll-earn-interest-on-your-crypto-with-compound-ep82 dYdX: http://unchainedpodcast.co/how-dydx-allows-you-to-take-a-short-position-in-one-token-ep86 Institutional money: The Information article on university endowments investing in crypto: https://www.theinformation.com/articles/harvard-stanford-mit-endowments-invest-in-crypto-funds Unchained episode with Tuur Demeester: http://unchainedpodcast.co/tuur-demeester-on-why-hes-a-bitcoin-maximalist-and-bearish-on-ethereum-ep81 Fortune article on Bakkt: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/ Custody solutions: BitGo becomes a qualified custodian: https://www.coindesk.com/bitgo-receives-regulatory-approval-to-custody-crypto-assets/ Unchained episode with Mike Belshe of BitGo: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Coinbase Custody opens: https://blog.coinbase.com/coinbase-custody-is-officially-open-for-business-182c297d65d9 Potential recession: Oslo Freedom Forum episode on uptake of bitcoin in Venezuela: http://unchainedpodcast.co/the-oslo-freedom-forum-in-new-york-why-decentralization-matters-ep85 Fortune article on Chainalysis: http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/?ref=tokendaily Trends I think will blossom: First Unchained episode with Kathryn Haun: http://unchainedpodcast.co/federal-prosecutor-kathryn-haun-on-how-criminals-use-bitcoin-and-how-she-catches-them Unchained episode with Chris Dixon of a16z crypto: http://unchainedpodcast.co/chris-dixon-on-how-trust-is-the-best-lego-block-ep70 Unchained episode with Zooko Wilcox of Zcash: http://unchainedpodcast.co/zcashs-zooko-wilcox-on-why-he-believes-privacy-coins-will-be-used-more-for-good-than-bad JPMorgan Chase using Zcash technology: https://www.forbes.com/sites/laurashin/2017/05/22/jpmorgan-chase-to-integrate-zcash-technology-to-its-enterprise-blockchain-platform/ Enterprise blockchains: NYT article I wrote on enterprise blockchains: https://www.nytimes.com/2018/06/27/business/dealbook/industries-blockchains-efficiency.html Oracles: Ether flash crash on GDAX: https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html Medium article on oracles:  https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html Episode with Joey Krug of Augur: http://unchainedpodcast.co/joey-krug-on-how-augur-is-like-any-other-tool-ep79 Episode with Danny An of TrustToken: http://unchainedpodcast.co/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep77 Velocity problem: Chris Burniske on how to value a crypto asset, on Unchained: http://unchainedpodcast.co/how-to-valuate-a-crypto-asset-s3e08 Ethereum post on reducing block reward: https://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html Privacy coins: Good post on Monero vs. Zcash: https://medium.com/digitalassetresearch/zec-best-in-class-privacy-in-a-public-blockchain-1df2a3728739 Episode on illicit use of cryptocurrencies: http://unchainedpodcast.co/how-widespread-is-money-laundering-in-crypto-ep72 Carlotta Perez book, Technological Revolutions and Financial Capital: http://www.carlotaperez.org/pubs?s=tf&l=en&a=technologicalrevolutionsandfinancialcapital Unchained episode on stablecoins: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable Unconfirmed episode with Rune Christensen of MakerDAO: http://unconfirmed.libsyn.com/rune-christensen-of-makerdao-on-its-15-million-from-andreessen-horowitz-ep039 Unchained episode with Circle that describes their stablecoin: http://unchainedpodcast.co/circles-jeremy-allaire-and-sean-neville-on-why-crypto-will-be-bigger-than-the-web-ep71

Unconfirmed: Insights and Analysis From the Top Minds in Crypto
How We're Misusing the Word 'Decentralization' - Ep.041

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Play Episode Listen Later Oct 12, 2018 24:18


Soona Amhaz of Token Daily talks about how we've misused the word decentralization and stretched it to the point of meaninglessness. She discusses how certain companies misrepresent being decentralized and walks us through some misleading graphs put out by Ripple and EOS. She also explains why, when a good metric becomes a target, people will then game it, and why we should be open to projects becoming decentralized over time. We also talk about tribalism, and why it's bad in only some instances -- like for investors -- but good for other groups of people in the crypto space. Plus, we dish about Nouriel Roubini's and Peter Van Valkenburgh's testimony to the Senate on cryptocurrencies. Thank you to our sponsors! Blockdaemon: http://blockdaemon.com/unchained/ Interested in sponsoring Unchained or Unconfirmed? Contact Raelene at laurashinpodcast@gmail.com. Episode links: Soona Amhaz: https://twitter.com/soonaorlater Token Daily: https://www.tokendaily.co Crypto Springs: http://www.cryptosprings.org Unchained episode on Ripple: http://unchainedpodcast.co/ripples-xrp-why-its-chances-of-success-are-low-ep58 Singularity episode with Galia Benartzi of Bancor: http://unchainedpodcast.co/singularity-university-global-summit-how-do-we-get-consumer-adoption-ep83 The bug in the Bitcoin software: https://motherboard.vice.com/en_us/article/qvakp3/a-major-bug-in-bitcoin-software-could-have-crashed-the-currency The Senate hearings on crypto featuring NYU economist Nouriel Roubini and Coin Center's Peter Van Valkenburgh: https://www.youtube.com/watch?v=ZFc0Um6WUU4 Sample of Roubini's tweets: https://twitter.com/Nouriel/status/1050425363413827584

Unchained
Barry Silbert on What Wall Street Says Privately About Crypto Vs. What It Says Publicly - Ep.87

Unchained

Play Episode Listen Later Oct 9, 2018 65:28


Barry Silbert, founder and CEO of Digital Currency Group, which has invested in 130 crypto ventures worldwide, describes his company, its strategy for investing in the crypto space, and how his perspective on the development of the space has changed since he first launched in 2014. He also explains why he's not a big believer in decentralization, like many others in the space, why he's not bullish on ICOs, and why he also is a bigger proponent of Ethereum Classic than Ethereum. We also touch on regulation and how he thinks that will affect the development of crypto, why Grayscale launched an investment vehicle for a little-known cryptocurrency, and why he's excited about Decentraland. Plus, he reveals what Wall Street says publicly about crypto vs. what it says privately and reflects on his role in the New York Agreement -- a failed attempt to bridge a divide in the Bitcoin community. Thank you to our sponsors! Altlending: https://altlending.com Blockdaemon: http://blockdaemon.com/unchained/ If you're interested in sponsoring Unchained or Unconfirmed, email Raelene at laurashinpodcast@gmail.com. Episode Links: DCG: https://dcg.co Barry Silbert: https://twitter.com/barrysilbert Grayscale: https://grayscale.co Genesis: https://genesistrading.com CoinDesk: https://www.coindesk.com New York state Bitlicense: https://www.dfs.ny.gov/legal/regulations/bitlicense_reg_framework.htm Decentraland: https://decentraland.org GBTC: https://grayscale.co/bitcoin-investment-trust/ Radar Relay: https://www.radarrelay.com The Unchained interview with 0x, the decentralized exchange with which Radar Relay works: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future Blog post announcing the New York Agreement: https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77 Unchained podcast on the failure of the compromise: http://unchainedpodcast.co/what-bitcoins-history-says-about-its-future

Unchained
Barry Silbert on What Wall Street Says Privately About Crypto Vs. What It Says Publicly - Ep.87

Unchained

Play Episode Listen Later Oct 9, 2018 65:28


Barry Silbert, founder and CEO of Digital Currency Group, which has invested in 130 crypto ventures worldwide, describes his company, its strategy for investing in the crypto space, and how his perspective on the development of the space has changed since he first launched in 2014. He also explains why he's not a big believer in decentralization, like many others in the space, why he's not bullish on ICOs, and why he also is a bigger proponent of Ethereum Classic than Ethereum. We also touch on regulation and how he thinks that will affect the development of crypto, why Grayscale launched an investment vehicle for a little-known cryptocurrency, and why he's excited about Decentraland. Plus, he reveals what Wall Street says publicly about crypto vs. what it says privately and reflects on his role in the New York Agreement -- a failed attempt to bridge a divide in the Bitcoin community. Thank you to our sponsors! Altlending: https://altlending.com Blockdaemon: http://blockdaemon.com/unchained/ If you're interested in sponsoring Unchained or Unconfirmed, email Raelene at laurashinpodcast@gmail.com. Episode Links: DCG: https://dcg.co Barry Silbert: https://twitter.com/barrysilbert Grayscale: https://grayscale.co Genesis: https://genesistrading.com CoinDesk: https://www.coindesk.com New York state Bitlicense: https://www.dfs.ny.gov/legal/regulations/bitlicense_reg_framework.htm Decentraland: https://decentraland.org GBTC: https://grayscale.co/bitcoin-investment-trust/ Radar Relay: https://www.radarrelay.com The Unchained interview with 0x, the decentralized exchange with which Radar Relay works: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future Blog post announcing the New York Agreement: https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77 Unchained podcast on the failure of the compromise: http://unchainedpodcast.co/what-bitcoins-history-says-about-its-future

Unconfirmed: Insights and Analysis From the Top Minds in Crypto
How Abra Enables You to Buy $5 of an ETF-Like Token of the Top 10 Cryptos - Ep.040

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Play Episode Listen Later Oct 5, 2018 23:52


Bill Barhydt, founder and CEO of Abra, describes its new product, the BIT10, which it created in partnership with Bitwise Asset Management (full disclosure: Bitwise previously sponsored my podcasts). He outlines the way the token is similar to an ETF -- for instance, it rebalances monthly -- and the ways in which it differs. We also compare and contrast it to similar offerings announced by Coinbase and Circle. Bill also explains Abra's overall strategy and recent pivot, why it is built on Bitcoin and its future plans. Thank you to our sponsor! Blockdaemon: http://blockdaemon.com/unchained/ If you're interested in sponsoring Unchained or Unconfirmed, reach out to Raelene at laurashinpodcast@gmail.com. Episode links: Abra: https://www.abra.com/ Bill Barhydt: https://twitter.com/billbarhydt BIT10: https://www.abra.com/index/bit10/ Bitwise: https://www.bitwiseinvestments.com Singularity episode: http://unchainedpodcast.co/singularity-university-global-summit-how-do-we-get-consumer-adoption-ep83

Crypto Token Talk
Episode 145: Applications of Blockchain

Crypto Token Talk

Play Episode Listen Later Oct 4, 2018 45:07


This episode of Crypto Token Talk was recorded live with Arun Kalaiselvan, co-founder and CTO of Blockdaemon; Niki Williams, Community Curator of ConsenSys; and Cyrus Taghehchian, co-founder and CEO of Splyt at the General Assembly camplus in Santa Monica. The panel focuses on how blockchain applies and can apply to various industries such as gaming and e-commerce. All three guests give their take on how far away they think we as consumers are from interacting with blockchain technology, how we should make sure it is user friendly, and the extent of awareness the general public may have about the technology. The guests discuss various career routes that can lead to involvement with the blockchain community and share how people can begin interacting with crypto and learn from trustworthy news sources.   Topics covered: - A brief background of each guest’s company. - How blockchain will affect gaming. - The industries that ConsenSys is influencing. - The problems with present-day e-commerce. - An open discussion about how far away we as consumers are from interacting with blockchain technology, how it     should be kept user friendly, and how noticeable it will be to users. - How to get involved in blockchain no matter what your professional background is. - How to tell if a company is just using “blockchain” as a buzzword for publicity. - Ways that beginners can interact with blockchain and cryptocurrency. - Recommendations of where to get news about cryptocurrency and blockchain. - Various databases that could be used instead of blockchain. - Who would be responsible for a bug on the blockchain.   Resource Links: https://blockdaemon.com/ https://consensys.net https:/spl.yt https://metamask.io/ https://www.uport.me/ https://old.reddit.com/r/ethereum/ https://old.reddit.com/r/ethdev/ https://old.reddit.com/r/CryptoCurrency/ https://trezor.io/ https://mycrypto.com/account http://www.reinventingorganizations.com/ https://steemit.com/ https://blockchainweekly.net/ https://medium.com/@ConsenSys mailto:arun@blockdaemon.com mailto:niki.williams@consensys.net https://www.linkedin.com/in/nikiah mailto:cyrus@spl.yt https://twitter.com/cyrusinc http://blocktune.io/

LAB Radio
Ep 41 - Blockdaemon, a three-click Blockchain node deployment platform

LAB Radio

Play Episode Listen Later Oct 2, 2018 47:10


On this LAB Radio, episode Aaron Mangal discuss Blockdaemon, a three-click Blockchain node deployment and cloud platform with Konstantin Richter, the CEO and founder. Konstantin is a technology Entrepreneur in the Telecom, SaaS, and the B2B space.  Prior to becoming an entrepreneur, he was an executive at Deutsche Telekom and Nokia in software/services strategy and business development. He is also fluent in 4 languages. Konstantin Richter, CEO and founder of Blockdaemon Blockdaemon is a node deployment tool that allows you to launch your node on a public blockchain network or join a private network in three clicks. To maintain decentralization, Blockdaemon partners with multiple cloud providers, including AWS, Digital Ocean, and Google Cloud Services. With Blockdaemon you can customize an existing protocol, supply your genesis block, choose the regions you want and how many nodes you need. Current Blockchains supported include Bitcoin, Ethereum, Stellar and AION We discuss network effects and building technology that can be used across multiple Blockchain universes.  Thanks for listening to LAB Radio! After listening to this episode you will learn: How Konstantin got his start through telecom and consulting The power of network effects Konstantin observed and how he sought to leverage that construct in his companies About the crossover between network effects and the Blockchain Previous experiences including helping structure the business and strategy for Gem How his previous consulting experiences led him to think strategically about systems The benefits of Nodes-as-a-service which allows users to pool resources and gain economies of scale Why the goal has been to provide self-provisioning 3-click deployment of nodes for Cryptos like Bitcoin and Stellar Their developer first focus in term of the tools and services they provide For show notes and more please visit: LAB Radio

Unchained
How dYdX Allows You to Take a Short Position in One Token - Ep.86

Unchained

Play Episode Listen Later Oct 2, 2018 66:34


Antonio Juliano, founder of dYdX, explains how this protocol for derivatives will enable you to take a short position in a single token, why they are starting with protocols shorting and margin lending and how these protocols work vs. how shorting and margin lending work today. The former employee of Coinbase also discusses how the protocol determines the prices of the assets involved, how low liquidity affects the trading of the derivatives and who dYdX's users will be. He also talks about how the company, which has raised money from Andreessen Horowitz, Polychain Capital and others, plans to make money despite not currently having a token. Plus, we discuss dYdX's plans to create protocols for derivatives that are not fully collateralized and the risks that come with that. Thank you to our sponsor! Blockdaemon: http://blockdaemon.com/unchained/ Interested in sponsoring Unchained or Unconfirmed? Reach out to Raelene at laurashinpodcast@gmail.com. Episode links: dYdX: https://dydx.exchange Antonio Juliano: https://twitter.com/antoniomjuliano dYdX white paper: https://whitepaper.dydx.exchange Expo: https://www.expotrading.com https://medium.com/dydxderivatives/introducing-expo-ffe74a328f85 Investments in dYdX: https://techcrunch.com/2018/08/03/short-ethereum/ Unchained episode about decentralized exchange protocol 0x: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future Unchained episode about decentralized debt protocol Dharma: http://unchainedpodcast.co/nadav-hollander-on-how-dharma-could-create-new-forms-of-debt-ep80 Unchained episode about decentralized money market protocol Compound: http://unchainedpodcast.co/how-youll-earn-interest-on-your-crypto-with-compound-ep82 Unchained interview with Josh Stein of Harbor: http://unchainedpodcast.co/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep77 Unchained interview with CryptoKitties: http://unchainedpodcast.co/what-makes-a-cryptokitty-worth-140000-ep75

Unchained
How dYdX Allows You to Take a Short Position in One Token - Ep.86

Unchained

Play Episode Listen Later Oct 2, 2018 66:34


Antonio Juliano, founder of dYdX, explains how this protocol for derivatives will enable you to take a short position in a single token, why they are starting with protocols shorting and margin lending and how these protocols work vs. how shorting and margin lending work today. The former employee of Coinbase also discusses how the protocol determines the prices of the assets involved, how low liquidity affects the trading of the derivatives and who dYdX's users will be. He also talks about how the company, which has raised money from Andreessen Horowitz, Polychain Capital and others, plans to make money despite not currently having a token. Plus, we discuss dYdX's plans to create protocols for derivatives that are not fully collateralized and the risks that come with that. Thank you to our sponsor! Blockdaemon: http://blockdaemon.com/unchained/ Interested in sponsoring Unchained or Unconfirmed? Reach out to Raelene at laurashinpodcast@gmail.com. Episode links: dYdX: https://dydx.exchange Antonio Juliano: https://twitter.com/antoniomjuliano dYdX white paper: https://whitepaper.dydx.exchange Expo: https://www.expotrading.com https://medium.com/dydxderivatives/introducing-expo-ffe74a328f85 Investments in dYdX: https://techcrunch.com/2018/08/03/short-ethereum/ Unchained episode about decentralized exchange protocol 0x: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future Unchained episode about decentralized debt protocol Dharma: http://unchainedpodcast.co/nadav-hollander-on-how-dharma-could-create-new-forms-of-debt-ep80 Unchained episode about decentralized money market protocol Compound: http://unchainedpodcast.co/how-youll-earn-interest-on-your-crypto-with-compound-ep82 Unchained interview with Josh Stein of Harbor: http://unchainedpodcast.co/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep77 Unchained interview with CryptoKitties: http://unchainedpodcast.co/what-makes-a-cryptokitty-worth-140000-ep75

Unchained
How Binance Became the Most Popular Crypto Exchange in 5 Months - Ep.84

Unchained

Play Episode Listen Later Sep 25, 2018 71:25


In this fast-paced and exhilarating conversation, Changpeng Zhao, aka "CZ," tells the pivotal business decisions that led users to flock to the brand-new Binance in the summer and fall of 2017, catapulting it from obscurity to become the world's most popular crypto exchange within five months. He also describes his regulatory stance, why he focuses on small jurisdictions and why he lets token teams hire their own lawyers to determine whether their coins are securities or not.  He explains the company's insider trading and market manipulation policies and how BNB coin works. Plus, he disputes the notion that stocks have better information due to disclosure rules, lays out Binance's current mission and delineates the differences in the crypto communities in North America, Europe and Asia. Thank you to our sponsors! Altlending: https://altlending.com Blockdaemon: https://blockdaemon.com/unchained/ If you're interested in sponsoring Unchained or Unconfirmed, reach out to Raelene at laurashinpodcast@gmail.com. Episode links: Binance: https://www.binance.com CZ: https://twitter.com/cz_binance Binance white paper: https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf Unchained interview with Bobby Lee: http://unchainedpodcast.co/bobby-lee-ceo-of-btcc-on-why-the-chinese-probably-arent-using-bitcoin-to-evade-capital-controls Unchained interview with Da Hongfei on China bad on ICOs: http://unchainedpodcast.co/from-blockchains-to-mooncakes-two-chinese-crypto-founders-on-the-ico-and-bitcoin-exchanges-ban Epicenter BTC's interview with CZ: https://www.youtube.com/watch?v=dEaxQneanIY Binance's "creative" approach to regulation: https://www.bloomberg.com/news/articles/2018-03-28/crypto-s-billionaire-trading-king-has-suddenly-run-into-problems Unchained interview on crypto regulation in the US: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing Unchained interview with Coin Center: http://unchainedpodcast.co/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law Binance's purchase of TrustWallet: http://fortune.com/2018/07/31/binance-trust-wallet-acquistion/ Binance's $1 billion investment fund: https://techcrunch.com/2018/06/01/binance-1-billion-investment-fund/ Forbes cover story on CZ: https://www.forbes.com/sites/pamelaambler/2018/02/07/changpeng-zhao-binance-exchange-crypto-cryptocurrency/

Unchained
How Binance Became the Most Popular Crypto Exchange in 5 Months - Ep.84

Unchained

Play Episode Listen Later Sep 25, 2018 71:25


In this fast-paced and exhilarating conversation, Changpeng Zhao, aka "CZ," tells the pivotal business decisions that led users to flock to the brand-new Binance in the summer and fall of 2017, catapulting it from obscurity to become the world's most popular crypto exchange within five months. He also describes his regulatory stance, why he focuses on small jurisdictions and why he lets token teams hire their own lawyers to determine whether their coins are securities or not.  He explains the company's insider trading and market manipulation policies and how BNB coin works. Plus, he disputes the notion that stocks have better information due to disclosure rules, lays out Binance's current mission and delineates the differences in the crypto communities in North America, Europe and Asia. Thank you to our sponsors! Altlending: https://altlending.com Blockdaemon: https://blockdaemon.com/unchained/ If you're interested in sponsoring Unchained or Unconfirmed, reach out to Raelene at laurashinpodcast@gmail.com. Episode links: Binance: https://www.binance.com CZ: https://twitter.com/cz_binance Binance white paper: https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf Unchained interview with Bobby Lee: http://unchainedpodcast.co/bobby-lee-ceo-of-btcc-on-why-the-chinese-probably-arent-using-bitcoin-to-evade-capital-controls Unchained interview with Da Hongfei on China bad on ICOs: http://unchainedpodcast.co/from-blockchains-to-mooncakes-two-chinese-crypto-founders-on-the-ico-and-bitcoin-exchanges-ban Epicenter BTC's interview with CZ: https://www.youtube.com/watch?v=dEaxQneanIY Binance's "creative" approach to regulation: https://www.bloomberg.com/news/articles/2018-03-28/crypto-s-billionaire-trading-king-has-suddenly-run-into-problems Unchained interview on crypto regulation in the US: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing Unchained interview with Coin Center: http://unchainedpodcast.co/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law Binance's purchase of TrustWallet: http://fortune.com/2018/07/31/binance-trust-wallet-acquistion/ Binance's $1 billion investment fund: https://techcrunch.com/2018/06/01/binance-1-billion-investment-fund/ Forbes cover story on CZ: https://www.forbes.com/sites/pamelaambler/2018/02/07/changpeng-zhao-binance-exchange-crypto-cryptocurrency/

Distributed Dialogues
Distributed Dialogues EP #6 - Government and Regulation

Distributed Dialogues

Play Episode Listen Later Sep 7, 2018 52:49


Distributed Dialogues is a collaborative show between the Let’s Talk Bitcoin Network and Distributed magazine. In each episode we’ll introduce you to people who are using blockchain technology to change the way we interact with the world around us. What are the risks and rewards of government involvement in the crypto space? For enterprises, there are little to no regulatory hurdles. They essentially use blockchain technology as a new type of data system. On the other hand, the government’s intended role has been to prevent nefarious activity, scams and any kind of pandemic economic crises. The ongoing point of contention, here, is assessing what level of involvement the state and its laws should have in open source projects. And if there is needed governmental input, would this type of involvement prevent decentralization? In this episode we will hear from two current and former government employees who act as significant points of contact between the cryptocurrency community and their respective governments, the United States and Taiwan. In between, we talk with Konstantin Richter in a sponsored interview, about his company BlockDaemon, which helps new companies build decentralized infrastructures by offering nodes-as-a-service.

ART ON THE BLOCKCHAIN Podcast
EPISODE 21 | Ft. DJ 3LAU Discussing Blockchain & OMF Festival

ART ON THE BLOCKCHAIN Podcast

Play Episode Listen Later Jul 29, 2018 35:28


AOTB Top 5 for July 29, 2018 – Interview with Justin Blau! 1. August 4, 2018: Blockchain –N- Grill with DJ Brigidope and hosted by DeBray Codes with four featured comedians and two performers! at Level 13 Ultra Lounge, Oakland, CA https://www.eventbrite.com/e/blockchain-n-grill-mixer-music-comedy-showcase-tickets-47941024896 … 2. Blockchain Beach – Los AngelETH Hackathon, July 28 & 29, 2018. Speakers include folks from Blockdaemon, HelloSugoi; http://Spl.yt . https://www.blockchainbeach.us/event-calendar/ 3. July 26 – 29, 2018 - Gray Area Festival – San Francisco – “A conference, performances, workshops, and an exhibition surveying culture through the lens of art and technology.” With myself, Rob Myers, Ruth Catlow, Pimavera De Filippi, Simon Denny, Second Woman, Machinedrum, Ingrid LaFleur, Sam Hart and more. https://grayareafestival.io/ 4. August 16 – 23, 2018 Forward Festival in Madison, Wisconsin. “Wisconsin’s largest technology and entrepreneurship festival.” They are having a Live Undiscovered Music (LUM) Launch party; 5X5X5 Pitch event; “Be Your Own Hero – Startup Stories from the World of Roller Derby” http://forwardfest.org/ 5. August 10, 2018 BitSong Blockchain Music Streaming platform issuing its Initial Coin Offering. Founder and CEO Angelo Recca and Founder – DJ/Producer Rosario Ticli. Ethereum blockchain and IPFS distributed file system. Artists can “produce songs in which an advertiser can attach advertisements and users can access from any device.” Authenticity note: Photo of Jimi Hendrix on their twitter page. https://bitsong.io/ Twitters: @ingridlafleur @yaoeo @hxrts @second_woman @Machine_Drum @blockchainbch @BlockchainNGril @BitSongOfficial @3LAU @OURMusicFest Tips welcome BTC: 1D3DYP4nBC5DqTm1g5GeKf1uWeemLipwpY ETH: 0x9Ac7Bc3D3933e83A3544b36A075d2d59fac1c405 Disclaimer – The AOTB podcast is not a recommendation or endorsement for any of businesses or services mentioned. AOTB is not advising anyone to invest or rely upon any statements made during this podcast. It is intended for entertainment purposes only. The views are our own.

Finding Genius Podcast
Blockdaemon – Empower Businesses to Quickly Deploy and Iterate Innovative Blockchain Applications

Finding Genius Podcast

Play Episode Listen Later Jun 14, 2018 18:59


Konstantin Richter – CEO and Co-Founder of Blockdaemon joins Future Tech Podcast. Blockdaemon offers a multi-chain multi-cloud network management tool that can deploy nodes and connect them to blockchains within minutes. Blockdaemon also offers its own infrastructure for select projects to offer faster deploy times and lower costs. The end goal is to offer all blockchain projects a global decentralized network management tool connected to multiple infrastructure providers.

Cryptoknights: Top podcast on Bitcoin, Ethereum, Blockchain, Crypto, CryptoCurrencies
Episode 60- BLOCKDAEMON: The Simplest and Fastest Way to Spin up Nodes and Scale Decentralized Applications

Cryptoknights: Top podcast on Bitcoin, Ethereum, Blockchain, Crypto, CryptoCurrencies

Play Episode Listen Later May 28, 2018 24:29


About Blockdaemon: Blockdaemon offers a multi-chain multi-cloud network management tool that can deploy nodes and connect them to blockchains within minutes. Blockdaemon also offers its own infrastructure for select projects to offer faster deploy times and lower costs. The end goal is to offer all blockchain projects a global decentralized network management tool connected to multiple infrastructure providers. ABOUT THE GUEST: Past engineering lead at Vizbee, Voray, PlaceIQ and LookBooks, is an expert in building large scale web applications, Ad serving infrastructure, IoT and big data. He has been a blockchain enthusiast and data model fanatic. Links: https://blockdaemon.com/

The Tatiana Show!
The Tatiana Show - Distributed: Markets (Chicago) multiple interviews with the top minds from Zen Protocol, Republic Crypto, Kraken, VeriBlock, Torus Alliance, Leverj Exchange, Bond.One, Vulcanize & Blockdaemon

The Tatiana Show!

Play Episode Listen Later May 10, 2018 48:47


Topics include: -- Blockchain technology, coding, scaling, programming, cryptocurrency, financial regulations, investing, trends, analysis, products and services and more! About the Guests: - Adam Perlow (min. mark 00:20) is the CEO of Zen Protocol, a finance grad from the IDC, an Israeli army reservist, and an old hand in Bitcoin. - Ayesha Kiani (min. mark 04:00) is the Managing Director at Republic Crypto; A trusted presale token fundraising platform for all types of investors. She was previously at SingularDTV and is a Venture Partner at NextGen Ventures as well as a Board Member for Ventures for America. She has a Bachelor's in Finance from Stern, a JD from NYU Law School, and previously worked at Skadden. - Ryan Andersen (min. mark 07:50) is a technology headhunter for Kraken Digital Asset Exchange with a successful track record within financial, banking, high frequency trading, crypto and technology markets. - Maxwell Sanchez (min. mark 11:22) is Co-Founder and CTO of VeriBlock, a blockchain software development company. He is also the co-inventor of the Proof-of-Proof protocol which enables blockchains to inherit Bitcoin’s computational security in a fully decentralized, transparent, trust-less, and permission-less manner. Later asked to come on The Tatiana Show, linked here. - Liz Wald (min. mark 17:00) is currently with the TORUS Alliance and has spent 20+ years building global marketplaces, with a career spanning the early days of AOL and Etsy, to the recent explosion of crowdfunding, to using innovative technologies and approaches to disrupt existing supply chains. Liz works with and/or advise a range of start-ups on strategy, fundraising and general operations. - Bharath Rao (min. mark 20:50) the CEO and founder of Leverj Exchange among other projects. - Russell Feldman (min mark 25:08) is the Chief Business Officer for Bond.One, a blockchain-based bond underwriting, distribution, and trading platform that will revolutionize the fixed income industry. - Rick Dudley (min mark 30:00) is a software specialist for Vulcanize, has over 16 years of experience as a software developer and IT consultant. He specializes in decentralized peer to peer cryptosystems and smart contracts. He has built systems that have remained in production without maintenance for decades. - Konstantin Richter (min. mark 40:00), CEO/Co-Founder of Blockdaemon with expertise in blockchain, genomics, rich-media and IoT. If you like this content, please send a tip with BTC to: 1444meJi7YjgQGNg3U8Z6qYZFA5cgz4Gmj More Info:TatianaMoroz.comCryptoMediaHub.comVaultoro.com Friends and Sponsors of the Show:TheBitcoinCPA.comCryptoCompare.com FreeRoss.orgThirdKey.SolutionsSovrynTech.com SexAndScienceHour.com