Exploit Update, Nakamoto Coefficient, Protocol Owned Liquidity | Podcast #207

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