Citizen Cosmos
Did it did. Can't. Hey, Andrew. Hey, man. Can you hear me? Okay, great. So we have sound. That's good. And lets approved Dan as well. Dan Can you hear me too? Say something. I'm good, Dan. Okay, great. So let's give it, like, some chit chat to the know, because it's going to take some time until people join. Let's hope that we have live ... some people.
Episode name:
The Web3 Puzzle: Decoding Scammers, Web3 lending, and Scalability with Chad Barraford
In this episode, Chad Barraford The Technical Lead from THORchain is interviewed. Chad gives us his story behind the birth and ethos of THORchain, as well as giving details on their unique lending product. Chad explains how he managed to get a super user account at Twitter. There is also a discussion around scalability of chains, as well as what it would take to get THORchain to consider being part of IBC.
Citizen cosmos:
Good Space time yall and welcome to a new episode of a Citizen Cosmos podcast. A source for educational insights into the world of Web3. In today's episode, we are speaking with Chad Barraford, the CTO of ThorChain. We delve into a wide range of Thought provoking topics, including the early applications of AI and their potential impact. Explore the concept of a ten hour work week and discuss the shifting landscape of web3 lending, including the dangers of Defi designs.
We delve into the importance of separating money from the state and address the challenges surrounding scalability. During our discussion. We also touch upon the role of crypto in advancing human rights and the significance of ethical development practices and the need for the crypto community to continuously explore new possibilities.
chad_barraford:
You want the next evolutionary step in your product, ask your customers if you want the next revolutionary step, ask yourself. In nature 97% of all life is extinct, right? Only 3% actually exist in the world today. That's because of, you know, trial and error trying new things. Whoever is a validator or a relayer has to do it in an altruistic fashion because there's no way for that person to make an income.
Now, that's a scalability issue, because obviously, if you're doing one swap every 30 minutes, it's like, you know, what are you even doing? I was like, Oh, what's this about? I looked into I'm like, Well, that sounds like one of the worst things ever, One of the worst designs I've ever heard of,