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

Follow our guest on Twitter! @cwgoes

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Notes:

• Cosmos Hub generates zero revenue still

• Bitcoin was $1 when Goes started mining

• Anoma synthesizes Ethereum, Cosmos, Zcash

• Wyvern protocol was OpenSea's backup

• IBC connects all Cosmos chains today

• Signal adoption shows privacy step functions

Timestamps:

00:00 Start

00:57 CW background

04:41 Early days of Ethereum

08:17 Cosmos

09:56 IBC protocol

10:16 Cosmos: God, Bad & Ugly

14:09 App chain thesis

15:17 Anoma

21:19 Intent-centric design

24:08 Ellipsis Labs

25:09 Namada

26:35 Goal of Namada

28:46 Anonymity set

30:44 Open ledgers vs privacy

36:15 Traders want privacy

37:20 Blockchains & the surveillance state

38:51 Evolution of ETH theory

42:48 ETH fails at "global computer"

45:02 Source of failure

47:37 L1 vs L2 scaling

51:30 The state of interoperability

59:02 People following incentives

1:03:34 Innovation fragmentation

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