At What Price Freedom? Stopping ‘All-Out Crime’ in Crypto Market Making - Ep. 809
Episode publishedPodcast: UnchainedUnchained
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I tweeted this. I was like, this is just the start. The first time someone was able to kind of put toxic flow into the the vaults, I was like, they only escalate from here, which is true, and we're seeing it. Right? Once people see that there's money to be made, then they will now be probing everything. Right? Every single angle, every single, you know, potential exploit, they'll keep doing it, right? And so my view was that this was going to escalate. They were going to find other flaws and it is a really challenging thing to have a live system that, you know, you there's a tradeoff between l
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have comments responding to my interview with Doug Colcott about the Jelly attack on hyperliquid. On x, Joshua Carlson says, quote, it's either decentralized or it's not. A platform should not claim it is fully decentralized if at any moment humans can intervene to change their rules or circumstances in its own or others favor. What's the difference between that and a human at a bank deciding that it's no longer going to l
Thanks for having me. April 1, April Fool's Day. I
know I had the same exact thought. Maybe we'll find a way to make a joke that doesn't sound like a joke. Google Seed. All right. So you've been in crypto for a long while, and I know, of course, you've been on the show before, but, obviously, you've done multiple things. So why don't we start off by, like, reminding people how you got into crypto and just give a little bit of your background and the various things you've done? Yeah,
for sure. So so I came from, like, an e commerce background, and I got into Bitcoin when I was running an e commerce website because I genuinely thought that there would be a use case for this kind of bear asset that that could be used on the Internet. That was that was the thing that kind of hooked me, the actual, you know, peer to peer payment network aspect. Obviously, that, you know, has has kind of unraveled a little bit as a narrative, but, you know, that that was the thing that hooked me into to crypto. And then from there, I started dabbling in some Ethereum stuff. And then this it was
Yeah. And now you're doing Infinix, which we will talk about in a little bit. But the reason I thought to have you on the show is because you had an interesting thread recently about market makers, and they've been in the news a little bit recently. Probably the main incident people are thinking about is when finance kicked off Market Maker for Move. But why don't you just tell us a little bit about what your thoughts were on Market Makers? Yeah.
So I I've had a few of those threads over the years where I feel like there's things that a lot of people in the space who are active builders, you know, who kind of in the trenches building know, but the average person on crypto Twitter may not necessarily know. And and it's interesting. Sometimes it lands and people like, this is the craziest thing I've ever heard. Like, what are you talking about? And sometimes they're like, no. No. We all know this. So, it's hard to know exactly how it will land, but that
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