The Chopping Block: Why Solanas Frequent Downtime Doesn't Bother Kyle Samani- Ep. 362

Published: June 13, 2022, 2:30 a.m.

b'Welcome to The Chopping Block \\u2013 in person at Consensus in Austin! Crypto insiders Haseeb Qureshi, Robert Leshner, and Tarun Chitra are joined by guest Kyle Samani of Multicoin Capital to chop it up about the latest news in the digital asset industry. Show topics:\\n\\nwhy Kyle believes people are too negative about the macro environment\\xa0\\n\\nhow the only crypto product with product-market fit is parties\\n\\nwhat soulbound NFTs are, and what their pitfalls might be\\n\\nwhy Kyle and Robert have a beef between them\\n\\nwhy Kyle has a lot of run-ins with other people in crypto\\n\\nhow Kyle thinks about Solana\\u2019s 12 instances of downtime over the last six months\\xa0\\n\\nhow this has caused problems for SOL held in cold storage\\n\\nhow Kyle and Robert think projects need to make tradeoffs between stability and adaptability\\n\\nwhy Kyle thinks every layer 1 and 2 will have a major failure over the next several years\\n\\nhow Kyle thinks EVM chains are value-destructive\\n\\nhow Tarun thinks zk L2s might be better aligned with the Ethereum ethos\\n\\nhow Optimism\\u2019s market-making partner Wintermute was hacked for $20 million in OP\\n\\nwhy the hacker returned most of the money\\n\\nhow programming language centralization makes sense\\n\\nhow the Lummis-Gillibrand bill is a good opening salvo with respect to crypto regulation\\n\\nwhy they believe that being paid for staking is not the same as being paid a dividend\\n\\nhow disclosure requirements could be onerous for small new projects\\n\\nhow they think the crypto industry is moving up the learning curve for lobbying\\xa0\\n\\nwhy they believe the Lummis/Gillibrand bill will be changed to target stablecoins and DeFi more\\n\\n\\xa0\\nEPISODE LINK\\n\\xa0\\nHosts\\n\\nHaseeb Qureshi, managing partner at Dragonfly Capital\\n\\nhttps://twitter.com/hosseeb\\n\\nRobert Leshner, founder of Compound\\xa0\\n\\n\\nhttps://twitter.com/rleshner\\xa0\\n\\nTarun Chitra, managing partner at Robot Ventures\\n\\nhttps://twitter.com/tarunchitra\\n\\n\\xa0\\nGuest\\n\\nKyle Samani, cofounder and managing partner of Multicoin Capital\\n\\n https://twitter.com/KyleSamani?s=20&t=DN1G0CNY7JR11OoXOAFD2g\\n\\n\\xa0\\nShow Topics\\n\\nWintermute Compromise\\n\\nOptimism Foundation statement:\\n\\n https://plaid-cement-e44.notion.site/A-Message-to-the-Community-from-the-Optimism-Foundation-f49b913bb0974d8a854a8bdd409a9dd6\\nWintermute statement:\\xa0\\n https://gov.optimism.io/t/message-to-optimism-community-from-wintermute/2595\\n\\n https://www.coindesk.com/tech/2022/06/09/15m-of-optimism-tokens-stolen-by-an-attacker-after-wintermute-sent-wrong-wallet-address/#:~:text=Optimism%20is%20a%20permissionless%20network%20and%20behaved%20as%20intended.&text=Wintermute%2C%20for%20its%20part%2C%20says,make%20the%20protocol%20whole%20eventually.%E2%80%9D\\n\\nOsmosis Hack\\n\\n https://www.theblockcrypto.com/post/150752/osmosis-dex-on-cosmos-exploited-for-5-million-as-validators-halt-the-network\\n\\n https://twitter.com/stake_fire/status/1534598315441913856?s=20&t=VvGyUlOjGSlhXXUwZvKszw\\n\\nLitecoin Delisting\\n\\n https://decrypt.co/102350/crypto-exchanges-delist-litecoin-privacy-feature-concerns\\n\\nSolana outage re: durable transactions (12 serious outages this year, about 2 a month)\\n\\n https://www.theblockcrypto.com/linked/149698/solana-blockchain-suffers-new-network-outage\\n\\n https://solana.com/news/06-01-22-solana-mainnet-beta-outage-report-2\\n\\nUnchained episode with Andre Cronje about Solana\\u2019s downtime: https://unchainedpodcast.com/the-chopping-block-did-andre-cronje-pull-an-epic-crypto-rug-pull/\\xa0\\n\\nCynthia Lummis & Kirsten Gillibrand presents landmark crypto bill\\n\\nCoindesk Coverage:\\xa0\\n\\n https://www.coindesk.com/policy/2022/06/07/key-us-senators-introduce-bill-outlining-sweeping-plan-for-future-crypto-rules/\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'