Unchained

The Backstory of How 3 AI Agents Led to the Rise of the Hottest Memecoin, GOAT - Ep. 725

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The two-week-old GOAT memecoin, which hit a market cap of almost $880 million on Thursday, is captivating everyone in crypto. Not because this is memecoin szn, but because its rise was fueled by an AI called Truth Terminal, which is itself a baby of two other AI models. 

Teng Yan, founder of Chain of Thought, joins Unchained to break down how this unexpected AI creation has turned into a phenomenon, why it has captured the attention of the crypto world, and what the future holds for AI-driven tokens. 

At the end, Laura also discusses with Unchained’s regulatory reporter Veronica Irwin two interesting and important news stories: who Kamala Harris is vetting for SEC chair and how one Senate race could inadvertently give Senator Elizabeth Warren more power over crypto. 

Show highlights:

  • How an AI experiment unexpectedly led to the creation of GOAT and sparked interest in AI-generated subcultures
  • How "Terminal of Truth" evolved its own personality, gained attention from Marc Andreessen, and began posting about a new "Goat Sea gospel" religion
  • How the spelling mistake sparked skepticism about the AI model
  • What happened with the $50,000 in BTC that Marc Andreessen gave to Truth Terminal
  • Whether an AI can have its own wallet and what the implications are 
  • Whether AI memecoins could start surging on other chains
  • What we can expect in terms of the proliferation of AI memecoins
  • What the future looks like for the intersection of crypto and AI
  • Who Kamala Harris is considering for SEC Chair if she wins the U.S. election
  • Why one Senate race could give Elizabeth Warren more power over crypto

    • Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

    Thank you to our sponsors!
    • Polkadot
    • Mantle’s FBTC
      • Guest
      • Teng Yan, Founder of Chain of Thought
      • Teng’s article: GOAT: The Gospel of Goatse 
        • Links
        • Previous coverage of Unchained on GOAT:
        • GOAT Hits a Record $879 Million Market Cap After Brian Armstrong Offers to Help Truth Terminal
        • GOAT: How AI Agents Talking Turned Into a $268 Million Memecoin 'Religion'
        • Infinite backrooms
        • Andy : https://x.com/AndyAyrey
        • Andy Ayrey's (creator of Truth Terminal) research paper on LLMtheism: 
        • Truth Terminal's X account 
        • Kaito: GOAT’s mindshare


          • Timestamps: 

          • 00:00 Intro
          • 01:28 How an AI experiment led to the creation of GOAT
          • 06:16 The rise of “Terminal of Truth” and its unexpected evolution
          • 11:57 How a simple spelling mistake raised skepticism
          • 20:09 What happened to the $50,000 in BTC from Marc Andreessen?
          • 21:06 Whether AI models can have their own wallets
          • 24:17 Whether AI memecoins will surge on other chains
          • 26:19 What’s next for the rise of AI memecoins
          • 28:35 The future of AI and crypto’s intersection
          • 31:39 Who Kamala Harris may consider for SEC Chair
          • 34:12 How one Senate race could boost Elizabeth Warren’s power over crypto
          • 40:33 News Recap

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            UnchainedBy Laura Shin