In this episode, we provide a marketing update, followed by a brief update on the exploit. We then dive deeper into a couple of bigger topics, such as sectioning and censoring, followed by discussions on the Nakamoto Coefficient and decentralisation.
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Timestamps:
00:03:00 Kenton Marketing and Swap Interface Update
00:07:00 Chad gives a recovery update
00:08:00 KeyVerify has not been functional yet
00:10:00 GAIA IBC infinite mint bug was patched
00:11:00 KeyVerify is not necessary, but it's nice to be 100% safe
00:13:00 Is it a single node holding things up?
00:15:00 Ban Mimir discussion
00:18:00 Churn-out talk for nodes that are asleep at the wheel
00:19:00 How did the ban function work?
00:20:00 What if node or nodes could kick out other nodes?
00:21:00 The network will only allow 1/3rd to leave at a time
00:23:00 Badger protocol was attacked with a script on the website in the past
00:24:00 To Chad's knowledge, no one is being slashed
00:25:00 3.19.1 is coming today or tomorrow
00:27:00 Tuesday or Wednesday should be trading hopefully
00:31:00 Claude question from audience: Claude says it sees high risk of sanctions
00:32:00 AI psychosis
00:34:00 Fear-based content gets traction
00:37:00 THORChain cannot be used for money laundering
00:39:00 Who will sanction THORChain?
00:40:00 Crypto are individual nations with their own governance
00:45:00 THORChain could sanction others
00:47:00 The current economic system is definitely built to launder money
00:48:00 Sanctions are a sign the system is dying
00:51:00 Question: What if USDT froze the pools?
00:52:00 Smart contracts have been frozen
00:55:00 Game theory: If USDT goes crazy with freezing, they could get a bank run
01:00:00 Kenton: Positive articles will be coming once things calm down
01:00:00 Use tables and lists for better AI SEO—AI loves tables and lists!
01:01:00 It's expensive to sponsor content and it doesn't count towards SEO
01:03:00 Question: Can't we just ignore the unresponsive nodes?
01:04:00 Chad: When doing KeyVerify, we need 100% participation
01:05:00 Two forms of cryptography to secure the network? GG20 and DKLS?
01:09:00 Engineer in the office vs engineer in the field
01:10:00 The simpler a design, the less likely it can be attacked successfully
01:13:00 What other things are happening despite the current situation?
01:14:00 Zcash may be coming soon! And XMR!!
01:15:00 TAO is probably next. Need 3.20 first
01:16:00 THORChain is going to give people whiplash by coming back so well!
01:18:00 Still talking to Layer 1s and they still want to get listed!
01:20:00 POL: Let's make 25%
01:27:00 Question: What about burning? Are we getting rid of it?
01:31:00 RUNE is a better Bitcoin than Bitcoin
01:33:00 The winners will be determined when the crypto market gets proper saturation
01:34:00 Value is very subjective
01:35:00 Boone tries to correct Kenton's math, Kenton disagrees. NERD FIGHT!!!
01:40:00 Chad shares screen about most decentralized blockchain by Nakamoto Coefficient
01:46:00 Chad calculates THORChain's Nakamoto Coefficient
01:51:00 Deep dive into that calculation
01:58:00 Isn't THORChain the most complicated chain?
02:02:00 Mythos is out in the open with Fable 5?
02:04:00 Huginn is getting a more diverse skill set
02:06:00 Possible Serai fixes via AI
