The Gwart Show | Blockspace Media – Details, episodes & analysis

Welcome back to The Gwart Show! Today we tackle the hard problem of scaling with Rollups, among other conversations. We’re re-joinbed by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin, and Shinobi, an out-spoken Bitcoiner and technical editor at Bitcoin Magazine.  Follow our guest on Twitter: @marediashehzan @brian_trollz Timestamps: 00:00 Start 02:12 L2s on Bitcoin 05:10 Do fees & speed effect payment adoption? 06:26 Why does lightning suck? 11:06 Lightning failed experiment? 12:21 Taproot assets on Lightning 15:59 Should stablecoins be on L1? 19:28 Stables are #1 use case 21:12 Roll ups 27:51 Why are devs interested in roll ups? 30:27 What roll ups are ready today? 36:26 Liquidity problems? 37:49 Other roll up limitations? 38:41 Roll up use case? 41:04 Are roll ups just a sneaky block size increase? 44:19 One roll up to rule them all 45:41 Do roll ups scale execution on BTC? 47:14 Single sequencer risk 50:12 Is Lightning "connective tissue"? 51:19 Unilateral exit in roll ups 53:09 Upgrades in roll ups 57:07 CATVM 1:00:18 New OP codes & scaling 1:06:58 Why will BTC expressivity be useful 1:08:19 VC backed projects pushing new OP codes 1:10:08 What is ARK? 1:14:47 MEV on Bitcoin 1:21:49 What roll ups will cause problems? 1:23:46 What roll ups have traction? 1:27:40 Are covenants on a deadline? 1:29:16 What's interesting right now? 1:30:12 The possibilities of eCash 1:32:49 Is Austrian Economics dumb? 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! Today we are joined by Shehzan, a Bitcoin builder focusing on borrowing and lending protocols on top of Bitcoin. While most people think of Bitcoin as a dumb rock, the Lava team led by Shehzan is working on a novel solution to natively lend and borrow (while maintaining self-custody but we’ll let him explain that) on Bitcoin. Lava uses Discreet Log Contracts (DCLs) to thread the needle of both permissionless capital via DeFi markets and Bitcoin self-sovereignty via self-custody. Timestamps: 00:00 Start 00:56 Who is Shehzan? 01:29 Why no BTC lending yet? 02:29 What are DLCs? 04:19 Lava vs other lending protocols 05:30 P2P loans complications 06:59 Deposit & loan process 09:20 Privacy implications 11:32 Wrapped BTC 12:44 User risk profile 14:57 Fixed rate loans 17:53 Who are the lenders? 18:19 Oracles 19:42 Choosing oracles 20:49 Rates 22:11 Loan durations 23:13 Target user 25:33 Other chains? 27:21 Solana outages 28:41 Other DLC uses 30:13 Building in Bitcoin experience 32:19 Lightning 33:06 Lack of BTC spending 35:07 Bitcoin's monetary properties 37:48 Wrapped BTC and custodians 41:45 Bitcoin scaling 43:45 OP Codes 46:42 Not enough core devs 47:58 Stablecoins 51:50 Tokenized assets 53:08 Solana vibes Follow our host: @gwartygwart Follow our guest on Twitter: @marediashehzan 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Benedict Brady from Ergonia and Doug Colkitt from Ambient Finance join The Gwart Show, covering various aspects of decentralized finance (DeFi), high frequency trading (HFT), and automated market makers (AMMs).  Follow our guests on Twitter: @0xdoug @bqbrady Follow Gwart and the podcast: @gwartygwart @blockspacepod Timestamps: 00:00:30 Guest Introductions 00:02:13 HFT, AMMs and CLOBs 00:9:10 Improving the Ethereum L1 for apps  00:18:10 zkEVMs, validator and rollups  00:22:021 Trading on AMMs 00:24:55 Why AMMs on Solana? 00:35:03 MEV  00:40:00 Is ~any~ MEV illegal? 00:47:16 Everything will run on AMMs?  00:52:55 Block builder centralization 01:00:40 What if tradfi built blocks? 01:02:08 Solana orderflow is a goldmine 01:05:30 Stakeweight QS 01:10:35 Memecoins Learn more about your ad choices. Visit megaphone.fm/adchoices

Walt Smith of Cyber Fund joins The Gwart Show, sharing his take on venture capital in the crypto–and specifically Bitcoin–space. He discusses the potential of Bitcoin rollups, the future of Ethereum, and the drama among crypto VCs. Walt also dives into the idea of merge mining as a scaling solution for Bitcoin and shares his thoughts on the end game of tokenization. Chapter Markers: 00:00 Start 01:22 Walt's background 02:45 Working at Galaxy 04:22 Major investments 05:36 Restaking 08:19 Multi-asset pool model 10:55 Open infrastructure "free banking" 13:47 Are DOAs dumb? 20:24 Tokenizing equities 26:32 Interest in Bitcoin 29:50 ETH minimum viable issuance 35:22 Lido DOA 40:15 Restaking controversy 44:11 VC cat fights 50:04 Bitcoin season 2 53:04 Bitcoin L2 VC investments 55:51 Merge mining Bitcoin 58:22 Bitcoin covenants 03:34 Attrition to L2 on Bitcoin 08:28 BTC vs ETH in 10 years 13:49 realistic growth projections 17:03 Wrap up Follow our guest on Twitter: @waltjsmith Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the Gwart Show! This week, Gwart sits down with Janus of the Bitcoin Layers team to discuss–well you probably get it. Still, they do go over Bitcoin sidechains, L2 approaches, tokens & dapps and what not on L2s , if this Zk thing makes sense, CatVM and more. Do we really want this and what do we want are frequently asked questions! Published weekly on Sunday afternoons, "The Gwart Show” gets to the bottom of crypto’s toughest topics. Timestamps: 00:00 Start 00:32 Janusz background 02:32 Sidechains on Bitcoin 06:29 New L2s? 11:36 L2 approaches 17:25 ETH vs BTC L2s 19:00 Non-updateable contracts 22:09 No receiving BTC on L2s without trust? 23:02 L2 onboarding without L1? 27:28 L2 product market fit? 33:04 L2 app wish list 37:34 VCs love shitcoining on Bitcoin 40:21 L2s tokens, seriously? 45:33 Decentralization & tokens 49:59 L2 interoperability 55:11 ZK tech & proof verification 58:43 Forking bitcoin 03:30 CATVM 05:14 WTF do we REALLY want? 10:20 MEV on L2s 18:07 Direct L2 onboarding 21:31 Wen stablecoins on BTC? 26:35 Gradual dedollarization please! 28:12 Wrap up This show is produced by Blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! This week, Job Charbonneau of crypto venture fund DBA joins Gwart to discuss Ethereum's issuance debate, centralization of stake, roll-ups vs. Solana, the future of DeFi on Bitcoin, solving MEV, crypto's VC landscape shifts, and key insights from his recent Research Day event.  Follow our guest on Twitter: @jon_charb Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Timestamps: 00:00 Start 00:45 Jon's background 01:19 Research Day 03:21 Favorite Research Day talk 06:07 Current VC crypto landscape 10:54 Wen Uncommon Core? 11:46 Why ETH issuance changes? 14:13 Why mess around with issuance? 17:43 Concentration of stake 19:05 Economic security 22:03 Appreciating proof of work 24:43 We knew this would happen! 27:46 Restaking 34:43 Restaking predictions 37:00 MEV & order-flow 40:52 Why does this taste like a sandwich? 45:32 Should we seek to fix MEV? 48:02 MEV proposals 51:06 Rollup problems 56:28 Rollup interoperability dreams 1:00:50 Solana 1:04:07 Defi  Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Gwart Show! This week, Colluding Node from the Celestia joins Gwart to unravel the mystery of memecoins, stablecoins, governance tokens, Ethereum scaling via grifters and how Celestia works under the hood. Gwart and C-Node talk about like 20+ blockchains in this podcast so it probably has something for everyone. Follow our guest on Twitter: @colludingnode Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Timestamps: 00:00:00 Start 01:29:09 What are blockchains good for? 02:29:16 Evolving understanding of blockchains 05:34:17 Bullish ETH? 08:37:21 The future of DeFi 10:50:08 DeFi privacy 14:20:12 Are meme coins the final boss of stupid? 15:54:19 Permissionless 18:39:19 Are lobbyists focusing on the right things? 21:44:16 Are lobbyists serving plebs or companies? 24:03:17 Companies don't care about P2P tnxs 25:52:17 Centralized stablecoins 28:30:16 Stablecoins > Crypto? 30:06:02 Money separated from state 31:52:28 Maker DAI 34:12:29 Governance tokens 37:24:02 No governance not MORE governance 40:00:10 ETH scaling w/ grifters 41:45:11 Solution to confusing scaling? 43:54:01 Solana reservations 47:14:14 Solana nodes 48:50:25 Celestia light clients 50:51:19 Light clients & trust assumptions 52:27:21 Celestia's vision? 54:25:07 Sovereign roll ups on Celestia 56:34:11 Appchains? 57:28:08 Defi interoperability Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Dean Eigenmann, a Miner Extractable Value (MEV) searcher, joins The Gwart Show to give an insiders look into the MeV landscape, strategies, decentralization challenges, and regulatory concerns. He discusses key differences between Ethereum and Binance Smart Chain, DeFi's future, L2 developments, and offers a critique of Bitcoin. 00:00 Start 01:23 Dean intro 02:16 MEV = Oligopoly 03:19 Builder centralization on ETH 04:36 PBS design 05:53 Enshrined PBS 07:32 Atomic strategies & inventory risk 09:02 Censorship 10:29 Censorship & geographic distribution 12:46 MEV on BSC 13:43 MEV developer crossover 13:59 What chains do they do? 14:49 MEV on Solana 15:42 Faster chain = less MEV? 16:46 MEV on L2's? 17:46 Shared sequencing 20:06 Intents 22:17 Operating at a loss 23:52 AMM execution 24:52 Define MEV? 25:13 Is sandwiching bad still? 26:57 Private relays 28:05 Can you prevent private relays? 29:11 Is there a way to promote geographic distribution? 30:48 Is MEV like High feq trading? 32:06 Timing games 33:12 SEP of BSC 33:38 MEV searchers on the downlow 35:39 Legal aspects of MEV 36:30 Sandwiching illegal? 39:49 Regulating builders 40:31 OFAC transactions 41:41 Encrypted mempools 43:11 Ideology 45:15 What's missing 45:58 Restaking 46:42 Rollups good? 47:39 Bullish L2's? 49:06 ETH L1 innovation 49:57 Thoughts on Solana? 50:56 BSC happenings? 52:31 Bitcoin sucks Follow our guest on Twitter: @DeanEigenmann Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

Allen Farrington, co-founder of Axiom, discusses Bitcoin scaling, the role of venture capital in Bitcoin's ecosystem, his thoughts on DeFi, NFTs, and stablecoins, and the potential for Bitcoin to supplant fiat money. He also shares his insights on the ordinals debate and the future of Bitcoin infrastructure. 00:00:00 Start 00:00:32 Allen intro 00:01:22 Allen's background 00:06:30 Investing in public Bitcoin companies 00:10:44 Axiom 00:13:26 What wrong with DeFi 00:20:38 How does Axiom decide what to invest in 00:24:11 Lightning gaming 00:28:49 Criticisms of lightning 00:33:02 Do L2s have to have trust tradeoffs? 00:36:00 Will BTC kill fiat? 00:38:52 How is Axiom NOT like other VCs? 00:42:23 Are tokens always silly? 00:48:56 Stablecoins 00:53:06 Are stablecoins doomed? 00:57:56 People want centralized stablecoins 00:59:42 What is DLCVM? 01:06:25 Rollups 01:10:47 Companies must ROI 01:19:20 Ordinals 01:27:25 The circular logic of scams 01:38:56 Wrap up Follow our guest on Twitter: @allenf32 Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices

In this podcast, Tarun shares his insights on ZK technology, DeFi governance, PoW vs PoS, Bitcoin L2s, and more. He discusses the challenges of marketing ZK tech, the importance of dynamic availability in PoW, and the potential for Bitcoin to adopt new opcodes. Tarun also shares his thoughts on the future of DeFi and the crypto industry as a whole. Follow our guest on Twitter: @tarunchitra Follow our host: @gwartygwart 👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities. Chapter Markers: 00:00:00 Start 00:01:44 Tarun's background 00:02:04 Uniswap SEC case 00:04:47 Tarun's current focus 00:09:17 ZK tech's appeal 00:14:38 ZK tech applications 00:18:48 Solana fees & networking 00:25:44 State of DeFi governance 00:30:32 PoW vs PoS debate 00:40:31 Token voting & centralization 00:44:55 Token governance issues 00:49:55 PoW as better money 00:57:58 PoS issuance & staking 01:03:40 PoS & rational agents 01:09:11 ETF impact on staking 01:15:59 Tarun on Bitcoin L2 Alpen 01:18:54 Bitcoin ready for L2 tech? 01:21:03 OP_CTV & political will 01:22:46 Ideal Bitcoin L2 tech 01:25:02 Bitcoin Covenants (OP_CAT) Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices