Olaf Carlson-Wee and Rushi Manche on Why Move Is Safer for Crypto - Ep. 777
Episode publishedPodcast: UnchainedUnchained
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I was in college, I was like, you know, a 20 year old kid that didn't have a PhD, didn't know how to code properly. And I think that's actually the biggest barrier in crypto. Because if you wanna build, like, the next Facebook, which Zuckerberg built his dorm room, Zucker was able to do that in 2 weeks to ship, like, a prototype and get feedback on that. That same social app can't exist in, you know, web 3 because if you build EVM smart contract, don't get it audited, don't spend time on, like, bulletproofing the code, you'll have an app that goes to, like, main net. And if it gets hacked, you
Hi, everyone. Welcome to Unchained. You're an Ohio resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have one from Siggy Bascaro on X responding to the show on crypto kidnappings with Jameson Lop. Siggy writes, 0 knowledge, financial privacy tech, and minimalism can be lifesaving. To have your comment featured, write a review of the podcast overall or leave a comment on our video on YouTube or x. This is the February 4th 2025 episode of Unchained. Mantle is building the largest sustainable hub for on chain finance, laun
Laurent. Thanks for having me on. Appreciate you taking a call from New Jersey out here. Yeah.
Thanks for having me, Laura.
So we are at this very interesting place in crypto history. There's a global spotlight on crypto in a way that we've never seen before. There's the beginnings of real adoption, especially in the case of stable coins. And so far, we could probably say, like, Bitcoin, Ethereum, you know, Solana have proven themselves. And, Ruchi, here you are coming along. You're involved with this new ecosystem that's built around a different programming language, Move. So why don't you tell us how you got into crypto and what problems you're trying to solve in crypto by building your own Move? Yeah.
A good quick origin story. I'm Rishi, one of the cofounders of Movement. My background is engineering, so I'm a nerd by trade. Spent my early career at UnitedHealth Group as health insurance, literally the most boring industry to be in. UnitedHealth Group literally tells you not to innovate because they own 80% of the market. But yeah, it was at first get go into dispute systems and health insurance, then got into crypto, I'd say 5 years ago. I was really big cosmoistable. My family friend was actually involved with osmosis, and I was tinkering around with the cosmoism and Rust based programmi
and this question is sort of for both of you, but can you just explain, like, what problems in crypto you saw that you felt that Move could solve?
I'll start. I think, like, first is the Ethereum Virtual Machine is generally slow and clunky. We look at Ethereum Mainnet today. It looks like 10 to 20 transactions per second. Most layer twos that popped up don't really scale compared to, like, Solana and alternative layer ones. But we still believe that Ethereum has asset class, EVM, and all the benefits of Ethereum Liquidity. So the thesis for the movie was a twofold. First, high throughput parallelization and block SDM was the main optimistic parallelization engine, enabling you to do, obviously, tens of thousands of virtual transactions
And, Olaf, when I was learning about this, honestly, I was flashing back to conversations you and I had in 2016 about you taught me about formal verification. You were excited about Tezos. Like, you know, this Yeah. DAO hack had just happened. We were talking about how you can make sure the code actually executes what the coder intended, etc
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