Previous guest on episode 9 and now this one, 37!
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- 00:15 Welcome back for round 2 Señor Eugene Kim!
- 1:55 “We’re now starting to see the fruits of decentralized finance. The future is going to involve crypto”
- 4:10 “2017, we didn’t have communities, now from 2020 on, we’re starting to see legitimate groups”
2. NFTs (lottery ticket of crypto)
3. Metaverse gaming application
4. Defi 2.0 (new type of staking w lots of yields)
5. Layers of cryptocurrencies such as Launchpad which allow you to buy other cryptocurrencies. Artists are finally able to monetize in the crypto space
6. Layer 1’s (ie. Ethereum, Bitcoin)
- 6:45 What would you tell my sister who is a painter that would be helpful for her in the crypto space?
- Build up a social media presence
- Tezos is an interesting one off selling for hardcore artists (layer 1 blockchain)
- 9:50 What does an NFT mean for a physical world painter?
- On Tezos, you can sell the same art piece, say, 12 times. Can split into many pieces for fractaled ownership
- 11:35 Hugh wrapping his head around NFTs: “So one can create a fractaled version of a piece of art that you can create original duplicates of, to a maximum set limit, and then sell those and take commission on those in perpetuity?”
- 12:04 Jon: “Depends on the platform / how that NFT contract is written. NFTs enable this”
- “Every time an NFT gets sold, can pay a percentage to that artist. Also a thing called degenerative artwork as a concept.”
- “NFTs unlock a number of different ways to be creative and is a different way to support Artists and Creative people”
- 14:55 NFTs are digital property
- 17:50 Taproot upgrade will allow Bitcoin to have smart contracts. ie. Portal, ICP etc.
- 18:50 Liquidity Pool basics
- 20:40 Synthetics. Huge concept
- 21:55 What are Oracles? Way to provide data to the blockchain
- 23:10 Concept: Ampleforth has a rebasing token supply → allows to expand synthetics to leveraged form
- 25:45 DAOs (Decentralized Autonomous Organizations) → Allows for decentralized voting rights
- 26:45 Concept: Lithium Finance allows for trading of private assets like Tesla
- 28:50 Jon: Alright Eugene, what are you excited about? A: Decentralized finance and Metaverse gaming
- 30:00 Digital land and fashion. Luxo (creator of first ERC20 token → grand vision)
- 31:00 Concept: Decentralized databases / servers = future competitors to AWS, Azure, etc.
- 32:25 Hugh: “What are your thoughts on peoples ability to exchange goods etc anonymously on the blockchain?”
- 35:00 Centralized exchanges keep tabs on fiat onboarding / offboarding ramps
- 36:00 Hugh: Weighing the pros and cons between centralized finance, giving access to the unbanked, what about drug trafficking etc? I don’t know about full anonymity to be honest
- 39:00 Hugh: “Are centralized governments good? Or are they corrupt and bad?”
- 43:00 Hugh: Is Moon Tea Podcast propagating the dark market right now by having this conversation?
- 43:50 Jon: “The offramp to fiat is going to be