The Delphi Podcast

By The Delphi PodcastTechnology

The Delphi Podcast episodes

May 11, 2020The Tie’s Joshua Frank: The State of Digital Assets
In this episode,Kevin Kelly talks with Joshua Frank, CEO of The Tie about their mega 60 page State Of Digital Assets Report. The Tie filters 850M+ tweets per day, tracks unique sentiment, conducted in-depth interviews and analyzed the wisdom of the crowd for this mega report.

Check out the report: https://www.etoro.com/en-us/crypto/quarterly-report/

Resources Mentioned:
Link to the State of Digital Assets Report: https://www.etoro.com/en-us/crypto/quarterly-report/
The Tie Twitter: https://twitter.com/TheTIEIO
Chain Reaction Twitter: https://twitter.com/chainpodcast
Kevin Kelly Twitter: https://twitter.com/Kevin_Kelly_II
Support The Show
Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8
Access Delphi's Research Here: https://www.delphidigital.io/

Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD, and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
57 min
May 06, 2020Haseeb Qureshi and Kevin Wang: Nervos’ Strategy in China
Host Tom Shaughnessy talks to Haseeb Qureshi, Managing Partner at Dragonfly Capital ($100M fund) and and Kevin Wang, co-founder of Nervos. On this episode the three discuss the benefits of a localization strategy in China, competition between layer-1 blockchains, what makes Nervos different (specifically token economics and sustainability are covered) and much more. If you enjoy this episode, please share it!
Video Can Be Viewed Here: https://youtu.be/fubeSokngY8
Access Delphi's Research Here: https://www.delphidigital.io/
Resources Mentioned:
Haseeb's Twitter: https://twitter.com/hosseeb
Kevin's Twitter: https://twitter.com/knwang
Nervos: https://twitter.com/NervosNetwork
Chain Reaction YouTube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q
Chain Reaction Twitter: https://twitter.com/chainpodcast
Tom Shaughnessy Twitter: https://twitter.com/Shaughnessy119
Support The Show
Check Out Delphi Digital's Research
https://www.delphidigital.io/
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
https://bit.ly/3bundEl
Visit Delta Exchange For A $10 Welcome Bonus!
https://www.delta.exchange/Tom
Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD, and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
1 hr 5 min
May 03, 2020Tavi Costa and Kevin Kelly: Deficits, Debasements & Disconnects
In this episode,Kevin Kelly brings back Tavi Costa, of Crescat Capital to discuss his latest market outlook, the drastic disconnect between markets and the underlying economy, the growing risk of fiat currency debasement, consequences of historic monetary & fiscal responses, and why the current backdrop is bullish for scarce assets like gold, precious metals, and bitcoin in the coming years.
Resources Mentioned:
Link to Crescat Capital’s latest Macro Outlook -- https://www.youtube.com/watch?v=qfisLXIoi8M
Link to Tavi’s previous episode – https://letstalkbitcoin.com/blog/post/chain-reaction-tavi-costa-kevin-kelly-macro-madness
Tavi Costa Twitter: https://twitter.com/TaviCosta
Chain Reaction Twitter: https://twitter.com/chainpodcast
Kevin Kelly Twitter: https://twitter.com/Kevin_Kelly_II
Support The Show
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
https://bit.ly/3bundEl
Visit Delta Exchange For A $10 Welcome Bonus!
https://www.delta.exchange/Tom
Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD, and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
1 hr 16 min
April 30, 2020Brian Klein: Crypto’s Most Esteemed, High Stakes Lawyer
Host Tom Shaughnessy talks to Brian Klein, partner at Baker Marquart, LLP. Brian is one of the most well known lawyers in the space with clients including Erik Voorhees, Block.One, Tezos' Kathleen and Arthur Brietman and others. On this episode we discuss representing major clients in the space, Brian's thoughts on the Telegram case, regulations (SEC) and more.
Resources Mentioned:
Brian's Twitter Account: https://twitter.com/brianeklein
Baker Marquart: https://www.bakermarquart.com/index.php/trial-lawyers/brian-klein
Chain Reaction Twitter: https://twitter.com/chainpodcast
Tom Shaughnessy Twitter: https://twitter.com/Shaughnessy119
Support The Show
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
https://bit.ly/3bundEl
Visit Delta Exchange For A $10 Welcome Bonus!
https://www.delta.exchange/Tom
Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD, and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
43 min
April 27, 2020Arthur Breitman: A Deep Dive With One Of The Industry’s Great Minds
Host Tom Shaughnessy talks to Arthur Breitman, Co-Founder of Tezos. In an all encompassing conversation, they discuss the pros and cons of proof of stake and proof of work networks; innovation vs competition; supply dynamics, thought experiments and more. Then, they have some fun discussing their shared interest in sci-fi through the lens of COVID-19, including whether Arthur believes we will colonize space or Antarctica first.
Resources Mentioned:
Arthur's Blog: https://ex.rs/
Arthur Breitman’s Twitter: https://twitter.com/arthurb
Tezos website: https://tezos.com/
Chain Reaction Twitter: https://twitter.com/chainpodcast
Tom Shaughnessy Twitter: https://twitter.com/Shaughnessy119
Support The Show
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
https://bit.ly/3bundEl
Visit Delta Exchange For A $10 Welcome Bonus!
https://www.delta.exchange/Tom
Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD, and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
1 hr 43 min
April 22, 2020Jason Williams: Selling FastMed For $500M to Deploying $130M in Crypto
Host Tom Shaughnessy talks to Jason Williams, co-founder of Morgan Creek Digital - a fund in the crypto space. Jason previously grew and sold FastMed, an urgent care provider for $500M and started Full Tilt Capital, a Venture Fund that deployed $18M into 63 deals.
On this episode we discuss
His take on COVID19 given Jason founded a massive urgent care business
Issues with the health ecosystem in the United States and what will change
The government's response to the crisis, including the payroll protection program (PPP).
What the new normal looks like after COVID19
The Bitcoin Halving that is coming up
Jason's investment thesis at Full Tilt Capital, his current thesis at Morgan Creek Digital, and what has changed thus far.
What Jason looks for in founders and why he would pass on an investment.
Convincing traditional entities, especially pension funds to invest in Morgan Creek Digital
Resources Mentioned:
Jason's Twitter: https://twitter.com/JWilliamsFstmed
Chain Reaction Twitter: https://twitter.com/chainpodcast
Tom Shaughnessy Twitter: https://twitter.com/Shaughnessy119
Support The Show
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
https://bit.ly/3bundEl
Visit Delta Exchange For A $10 Welcome Bonus!
https://www.delta.exchange/Tom
Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, CKB, STX, SNX, RUNE, sUSD and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.

Music Attribution:
Cosmos by From The Dust | https://soundcloud.com/ftdmusic
Music promoted by https://www.free-stock-music.com
Creative Commons Attribution 3.0 Unported License
https://creativecommons.org/licenses/by/3.0/deed.en_US
1 hr 11 min
April 20, 2020Sia’s David Vorick: Outcompeting Amazon Web Services, a $35B Revenue Giant
Host Tom Shaughnessy talks to David Vorick, CEO, Co-Founder, and Lead Developer of Sia and Skynet. They discuss the benefits of a decentralized, free Internet, competing with Amazon Web Services, cloud storage pricing, security, privacy, and more.

Key Points:
Open source programming encourages innovation.
Sia gives users back control over their data and privacy.
Just because a certain technology exists, does not mean it should be leveraged.

Episode Highlights:
Sia gives users a cloud experience without requiring users to commit to a cloud provider.
Now they have to make Sia competitive with AWS, because it isn’t enough to just make something decentralized, it has to also be competitive.
David is confident that their technology is superior and that they can reach a point where they have the momentum to overtake Amazon.
Sia held a hackathon where someone figured out how Sia could support livestreaming on its existing code, which developers had previously thought wasn’t easily doable, so something like that wouldn’t have happened in a centralized system.
Sia currently secures its data through encryption.
Traditional web apps store their data for their users on AWS, but in a decentralized model like this, users have complete control.
Users pay for the bandwidth and the data themselves, so they aren’t losing money or revenue to a separate corporation hosting the data like you would on YouTube, for example.
David doesn’t like the current trend of platforms preemptively censoring or filtering content and thinks it leads to limiting good faith conversation on the internet.
Ultimately, users should have control over whether they opt into or out of filtering and censoring content for themselves.
Amazon Web Services charges about $20 per terabyte per month, which is roughly the same as simply buying a new hard drive every month. Sia, by comparison, charges $2 per terabyte per month.
The price of a Sia token is independent from the price of their storage.
Data on the Sia network naturally gravitates towards high-performing nodes.
Sia’s purpose is to be a technology that could be shut down or abandoned by David but still live on and still function.
They’re trying to get to a world where infrastructure is taken care of for content creators, and those users don’t need to rely on advertising and product placement to get paid.
High levels of tracking exist and corporations have access to these tools and this information, and we have no way of knowing whether they are using these dystopian tools responsibly.
Quotes
“We’ve seen with the open source world, when you open things up and allow tinkerers to mess around just because they have an idea, the amount of innovation you get substantially outpaces anything that a single centralized entity or corporation could do.” –David Vorick
“I think that it should be possible to monetize without ads and it should just be automatic. If you create something that adds value to a bunch of people’s lives, you should automatically be paid for doing that without having to i
50 min
April 13, 2020Framework Ventures’ Vance and Michael: Redefining Active Management
Host Tom Shaughnessy talks to Vance Spencer and Michael Anderson, the GP's of Framework Ventures. On this episode we discuss
Why the fund doesn't invest in Ethereum killers
Their investments in Synthetix, Chainlink, Edgeware and Futureswap
Paths to decentralization with founders and leading teams
Taking involvement as a fund to the next level with investments. Not just offering advice and connections and capital, but resources (developer resources and financial such as liquidity into protocol investments) .

Resources Mentioned:
...
Chain Reaction Twitter: https://twitter.com/chainpodcast
Tom Shaughnessy Twitter: https://twitter.com/Shaughnessy119
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
Support The Show
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
https://bit.ly/3bundEl
Visit Delta Exchange For A $10 Welcome Bonus!
https://www.delta.exchange/Tom
Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, STX, SNX, RUNE, CKB, sUSD and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
52 min
April 08, 2020Casperlabs CEO Mrinal Manohar: How Wall Street Wealth Matures To Blockchain
Host Tom Shaughnessy talks to Mrinal Manohar, the CEO of Casper Labs. I really enjoyed speaking with Mrinal since he brings an extensive amount of professional experience at major firms such as Bain Capital and Sagard Holdings to now leading Casper Labs. Mrinal has a real understanding of how the world works, how major firms with tens of billions make their investment decisions and where blockchain fits into the world. Mrinal covers everything about Casper Labs, the blockchain's roadmap, its relationship with Ethereum's community, how they are attracting developers and so much more.
Mrinal's BIO:
A technology enthusiast from a young age, Mrinal was an early contributor to BitTorrent and other open source projects. He first found Bitcoin in 2012. Mrinal received his Masters in Computer Science from Carnegie Mellon University. He was an associate for Bain & Co., then a private equity associate at Bain Capital. Before leading CasperLabs, Mrinal was a sector head in Technology/Media/Telecom at Sagard Holdings
About Casper Labs:
CasperLabs is a decentralized blockchain and smart contracting platform that scales for real-world usage and simplifies experiences for developers and end-users.
Resources Mentioned:
Casper Labs Website: https://casperlabs.io/company/meet-our-team/
Casper Labs Twitter: https://twitter.com/meetCasperLabs
Chain Reaction Twitter: https://twitter.com/chainpodcast
Tom Shaughnessy Twitter: https://twitter.com/Shaughnessy119
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
Support The Show
ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.
https://bit.ly/3bundEl
Visit Delta Exchange For A $10 Welcome Bonus!
https://www.delta.exchange/Tom
Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, STX, SNX, RUNE, sUSD and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
59 min
April 06, 2020Dan Held and Paul Sztorc: Debating Bitcoin’s Security
Host Tom Shaughnessy talks to Dan Held, Director of Business Development for Kraken Digital, and Paul Sztorc, an independent Bitcoiner. They debate the Bitcoin security model, with Paul feeling skeptical that fee rates will climb and Dan believing that fees are already growing and could subsidize Bitcoin security solutions.
Dan’s post (Bitcoin’s Security is fine) and Paul’s original post (Security Budget in the Long Run) for context on the episode.
Episode Highlights:
Paul wrote a blog post last year proposing that we should use merged mining to keep security costs low.
Ultimately, Paul is skeptical that fee rates could climb to over $50 per transaction as Dan believes.
Paul notes that the fee rate to the miners is different from the total fees on a transaction.
Dan explains that when you transact across a blockspace, you have to consider the transaction fee and the volatility fee, and a space with a lower transaction fee may have a substantially higher volatility fee that ultimately nullifies your savings.
Dan believes a linear model doesn’t represent the growth in fees, you have to look at a logarithmic model.
Paul believes people generally won’t care about rising fees unless they rise above a certain threshold.
Dan uses other asset classes like wire payments and their associated fees to look at equivalents in blockspace.
There’s a distinction to be made between the cost of a Bitcoin as a commodity and the cost of the blockspace to transact Bitcoin.
The forces of supply and demand work differently on Bitcoin itself versus blockspace.
Paul agrees with Dan that there are a lot of positive feedback loops within Bitcoin cost trends.
Dan and Paul agree that the network effect of an asset is crucial.
They agree that Bitcoin provides a consistent monetary policy that has created its staying power through market volatility that we haven’t seen since 1929.

Key Points:
There’s a significant debate about looking at transaction fees alone versus the full cryptocurrency exchange fee structure.
It’s important to look at volatility as a potential cost when transacting cryptocurrency.
The network effect of an asset is one of its most important components.

Tweetable Quotes
“It’s not the case that new supply automatically lowers the price because it’s negligible when it’s less than $1-2, is my claim… People prefer having $1 or $2 to not having it, I don’t think they significantly care… I agree with you that there are many frictions.” –Paul Sztorc
“If the security budget collapsed that means the value of Bitcoin either collapsed or no one’s transacting. It’s circular logic to say no one cares about Bitcoin, which means the security budget is meaningless bc Bitcoin doesn’t need to be secure bc no one values it.” –Dan Held
Resources Mentioned:
Chain Reaction Twitter: https://twitter.com/chainpodcast
Tom Shaugh
1 hr 18 min