THORChain Livestream Podcast

<p>xolosArmy is a decentralized community and project built around eCash (XEC) cryptocurrency. </p><p>Swap now <a target="_blank" rel="noopener noreferrer nofollow" href="https://swap.thorchain.org/">https://swap.thorchain.org/</a> </p><p>THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.</p><p>Timestamps:</p><p>00:00:00 Intro</p><p>00:05:00 Diving talk</p><p>00:07:00 Getting on THORChain — what it takes</p><p>00:12:00 When you are on THORChain, you have access to the most wallets — hundreds of millions!</p><p>00:14:00 Only have a token on THORChain?</p><p>00:16:00 What would happen if THORChain was the central point of liquidity?</p><p>00:21:00 Fernando starts</p><p>00:22:00 Fiat is an instrument of control — BTC solved this</p><p>00:24:00 Use THORChain for sovereign liquidity and add connections to the rest of the world</p><p>00:25:00 Fork of Bitcoin Cash</p><p>00:26:00 We have instant finality — sub-second</p><p>00:27:00 Our tech is deterministic from beginning to end</p><p>00:29:00 XolosArmy is a project working on eCash — they want to bring the ethos of BCH to eCash</p><p>00:31:00 THORChain is much better than CEXs</p><p>00:32:00 eCash is a fork of BCH</p><p>00:34:00 eCash is not a stablecoin</p><p>00:37:00 eCash screen share</p><p>00:40:00 Throughput of eCash?</p><p>00:43:00 Subnets discussion</p><p>00:44:00 Is eCash similar to TAO when it comes to subnets?</p><p>00:46:00 eCash subnets explained</p><p>00:48:00 What is the cost of an eCash daemon?</p><p>00:51:00 What is the vision for eCash getting on THORChain?</p><p>00:54:00 We have NFTs and utilize IPFS</p><p>00:56:00 XEC can be connected to fiat</p><p>00:59:00 We have a $100 million market cap</p><p>01:00:00 StarSquid says the chain client is ready</p><p>01:01:00 Kenton explains adding liquidity to THORChain</p><p>01:04:00 More liquidity seeding discussion</p><p>01:08:00 $50k is a good target</p><p>01:09:00 Is it on chainnet?</p>

<p>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 dynamic and referral fees, protocol owned liquidity.</p><p>Swap now <a target="_blank" rel="noopener noreferrer nofollow" href="https://swap.thorchain.org/">https://swap.thorchain.org/</a> </p><p>THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.</p><p>Timestamps:</p><p>00:00:00 Intro</p><p>00:02:00 Marketing update</p><p>00:04:00 "KOL" talk and bang for buck</p><p>00:06:00 Getting new chains added is super important for getting brand-new users</p><p>00:09:00 New Affiliate page on <a target="_blank" rel="noopener noreferrer nofollow" href="http://swap.thorchain.org">swap.thorchain.org</a></p><p>00:11:00 Kenton is thinking the affiliate API should be permissioned</p><p>00:12:00 Chad B starts, 3.19.1 fully adopted</p><p>00:14:00 1 day, enable signing and churn</p><p>00:16:00 KeyVerify talk — when should we move on if it doesn't work?</p><p>00:17:00 KeyVerify will be disabled after this moment</p><p>00:18:00 Kenton asks about the exact order of turning things back on</p><p>00:20:00 THORChain is decentralized — it's obvious</p><p>00:21:00 Nodes had to do a lot of steps with developers</p><p>00:23:00 AI made this so much faster for us</p><p>00:24:00 Over time, we will have a more professional node operator base</p><p>00:26:00 Devs have been working nonstop on separate issues</p><p>00:27:00 Post-mortem is coming, hopefully within 2–3 weeks</p><p>00:29:00 We do a very good job being public, but that is often used against us</p><p>00:30:00 When we get going again, we will be testing the dynamic fee model with select partners</p><p>00:31:00 Applies to all THORNames</p><p>00:34:00 Chad says he is not sure who is correct on dynamic fees</p><p>00:37:00 Start simple and tweak it as we get more info</p><p>00:39:00 Kenton: It should be obvious</p><p>00:40:00 SwapKit rev-share program discussion</p><p>00:45:00 Stable-to-stable swaps should be neutral but result in more volume</p><p>00:46:00 Kenton: Stablecoin idea should be great</p><p>00:48:00 Denny: Stable-to-stable will be amazing for point-of-sale applications</p><p>00:50:00 Kenton: Dynamic fees may be really helpful for direct integrations</p><p>00:51:00 These features are bound to "click" with partners</p><p>00:54:00 Lots of exciting things are coming!</p><p>00:55:00 XMR testing update: Going well!</p><p>00:56:00 Huginn update: Pointed it at Serai</p><p>00:57:00 Monero may be coming within 1–2 months</p><p>00:59:00 XMR actually works!!</p><p>01:01:00 RUNE question from the audience about governance</p><p>01:03:00 Kenton breaks down liquidity pools</p><p>01:05:00 It is not hopium — THORChain has fundamentals</p><p>01:07:00 This protocol is actually real and useful</p><p>01:11:00 TON Wallet question from the audience</p><p>01:12:00 We are reaching out to everyone!</p><p>01:13:00 POL transition: Protocol-Owned Liquidity</p><p>01:14:00 Kenton thinks 25% POL is what is needed</p><p>01:18:00 Chad B: Where do you stand on POL?</p><p>01:20:00 Bull market POL could get very crazy</p><p>01:23:00 Dev fund could make much more money and the treasury could go away</p><p>01:25:00 We are moving away from a hard cap</p><p>01:27:00 Denny gives his thoughts on LPs</p><p>01:30:00 LPs withdraw when things turn around?</p><p>01:35:00 We didn't have data about AMMs when we first started</p><p>01:41:00 The scalability of THORChain in terms of liquidity and developers</p><p>01:45:00 Possible incentive pendulum tweaks</p><p>01:48:00 Price/volume graph comparison</p><p>01:53:00 Stock trading on-chain — KYC?</p><p>01:55:00 Perhaps companies will push for permissionless</p><p>01:58:00 Stocks</p><p>02:02:00 How have Maya devs been doing?</p><p>02:06:00 Outro</p><p>02:09:00 Attempt to attack Chad Barraford</p>

<p>Milan from NanoGPT joins Kenton and Denny to discuss his journey from central banking to building a privacy-focused AI platform powered by crypto. They explore NanoGPT's integration with THORChain, the future of AI payments, and why privacy matters in both finance and artificial intelligence. </p><p>Swap now <a target="_blank" rel="noopener noreferrer nofollow" href="https://swap.thorchain.org/">https://swap.thorchain.org/</a> </p><p>THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.</p><p>Timestamps:</p><p>00:00:00 Intro</p><p>00:03:00 Kenton update, Churn, 3.19.1</p><p>00:04:00 Marketing update, signed an agreement with Sal the Agorist and Mark Edge ASK</p><p>00:06:00 Every single person watching that show should be using THORChain</p><p>00:07:00 Milan starts, NanoGPT</p><p>00:09:00 Milan worked for the central bank</p><p>00:11:00 The central bank was anti-crypto</p><p>00:12:00 The central bank wanted a button to stop transactions and KYC and the money issuing to be in their hands</p><p>00:13:00 Why did you decide to work at a central bank</p><p>00:16:00 Kenton had a friend that worked with the Bank of Canada</p><p>00:17:00 Milan did not have a good breakup</p><p>00:19:00 Milan thought subscriptions for AI models was a terrible idea</p><p>00:20:00 An early user was Erik Voorhees</p><p>00:21:00 NanoGPT has grown to include all AI models</p><p>00:22:00 Claude pulled Fable access for everyone</p><p>00:23:00 NanoGPT is an AI aggregator, 80 providers</p><p>00:26:00 NanoGPT is the same price or cheaper</p><p>00:27:00 Kenya man used Nano for medical questions</p><p>00:28:00 Neobanks are getting shut down, do you run that risk?</p><p>00:29:00 Big providers make a loss with subscriptions — many people share a subscription</p><p>00:31:00 They know what we are doing</p><p>00:32:00 How do customers choose what AI model to use? Automatic or custom?</p><p>00:34:00 AutoModel checks what kind of question it is and decides the prompt difficulty</p><p>00:38:00 Website feature</p><p>00:42:00 CEX story of getting paused</p><p>00:43:00 Iranian linkage because of $32</p><p>00:44:00 THORChain and NanoGPT are a great partnership</p><p>00:47:00 How did the Kenya man figure out you existed?</p><p>00:48:00 NanoGPT and Venice are competitors?</p>

<p>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.</p><p>Swap now <a target="_blank" rel="noopener noreferrer nofollow" href="https://swap.thorchain.org/">https://swap.thorchain.org/</a></p><p></p><p>THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.</p><p></p><p>Timestamps:</p><p>00:03:00 Kenton Marketing and Swap Interface Update</p><p>00:07:00 Chad gives a recovery update</p><p>00:08:00 KeyVerify has not been functional yet</p><p>00:10:00 GAIA IBC infinite mint bug was patched</p><p>00:11:00 KeyVerify is not necessary, but it's nice to be 100% safe</p><p>00:13:00 Is it a single node holding things up?</p><p>00:15:00 Ban Mimir discussion</p><p>00:18:00 Churn-out talk for nodes that are asleep at the wheel</p><p>00:19:00 How did the ban function work?</p><p>00:20:00 What if node or nodes could kick out other nodes?</p><p>00:21:00 The network will only allow 1/3rd to leave at a time</p><p>00:23:00 Badger protocol was attacked with a script on the website in the past</p><p>00:24:00 To Chad's knowledge, no one is being slashed</p><p>00:25:00 3.19.1 is coming today or tomorrow</p><p>00:27:00 Tuesday or Wednesday should be trading hopefully</p><p>00:31:00 Claude question from audience: Claude says it sees high risk of sanctions</p><p>00:32:00 AI psychosis</p><p>00:34:00 Fear-based content gets traction</p><p>00:37:00 THORChain cannot be used for money laundering</p><p>00:39:00 Who will sanction THORChain?</p><p>00:40:00 Crypto are individual nations with their own governance</p><p>00:45:00 THORChain could sanction others</p><p>00:47:00 The current economic system is definitely built to launder money</p><p>00:48:00 Sanctions are a sign the system is dying</p><p>00:51:00 Question: What if USDT froze the pools?</p><p>00:52:00 Smart contracts have been frozen</p><p>00:55:00 Game theory: If USDT goes crazy with freezing, they could get a bank run</p><p>01:00:00 Kenton: Positive articles will be coming once things calm down</p><p>01:00:00 Use tables and lists for better AI SEO—AI loves tables and lists!</p><p>01:01:00 It's expensive to sponsor content and it doesn't count towards SEO</p><p>01:03:00 Question: Can't we just ignore the unresponsive nodes?</p><p>01:04:00 Chad: When doing KeyVerify, we need 100% participation</p><p>01:05:00 Two forms of cryptography to secure the network? GG20 and DKLS?</p><p>01:09:00 Engineer in the office vs engineer in the field</p><p>01:10:00 The simpler a design, the less likely it can be attacked successfully</p><p>01:13:00 What other things are happening despite the current situation?</p><p>01:14:00 Zcash may be coming soon! And XMR!!</p><p>01:15:00 TAO is probably next. Need 3.20 first</p><p>01:16:00 THORChain is going to give people whiplash by coming back so well!</p><p>01:18:00 Still talking to Layer 1s and they still want to get listed!</p><p>01:20:00 POL: Let's make 25%</p><p>01:27:00 Question: What about burning? Are we getting rid of it?</p><p>01:31:00 RUNE is a better Bitcoin than Bitcoin</p><p>01:33:00 The winners will be determined when the crypto market gets proper saturation</p><p>01:34:00 Value is very subjective</p><p>01:35:00 Boone tries to correct Kenton's math, Kenton disagrees. NERD FIGHT!!!</p><p>01:40:00 Chad shares screen about most decentralized blockchain by Nakamoto Coefficient</p><p>01:46:00 Chad calculates THORChain's Nakamoto Coefficient</p><p>01:51:00 Deep dive into that calculation</p><p>01:58:00 Isn't THORChain the most complicated chain?</p><p>02:02:00 Mythos is out in the open with Fable 5?</p><p>02:04:00 Huginn is getting a more diverse skill set</p><p>02:06:00 Possible Serai fixes via AI</p>

<p>Swap now <a target="_blank" rel="noopener noreferrer nofollow" href="https://swap.thorchain.org/">https://swap.thorchain.org/</a> </p><p>THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.</p><p>Timestamps:</p><p>0:00 Intro</p><p>0:03:00 THORChain Marketing and Protocol Update</p><p>0:07:00 Zephyr Conversation Begins</p><p>0:11:00 Zephyr Presentation Starts</p><p>0:12:00 Supported Tokens and Where the Yield Comes From</p><p>0:14:00 What Is Zephyr?</p><p>0:16:00 Why Privacy Is Important and Necessary</p><p>0:18:00 Stablecoin Rails Currently Have an Off Switch</p><p>0:19:00 The Holy Grail of Crypto: A Decentralized Yield-Bearing Stablecoin</p><p>0:20:00 LUNA Mechanics Were Bad, the Idea Was Good</p><p>0:21:00 Stablecoin Reserve Mechanics</p><p>0:23:00 Dr. Future Explains Overcollateralized Mechanics</p><p>0:25:00 How Proof-of-Work Rewards ZRS Holders</p><p>0:27:00 Proven History of Hardiness and Stability</p><p>0:29:00 Community Incentives When the Zeph Price Drops</p><p>0:32:00 ZSD: Zephyr Stable Dollar Explained</p><p>0:38:00 ZYS: Zephyr Yield Share Explained</p><p>0:45:00 How Is It Sustainable?</p><p>0:48:00 Understanding the Risk Profile</p><p>0:49:00 No Lock-Up Periods</p><p>0:50:00 ZRS: Zephyr Reserve Breakdown</p><p>1:01:00 The Four-Asset Ecosystem</p><p>1:03:00 Block Reward Breakdown</p><p>1:04:00 The Zephyr Flywheel Thesis</p><p>1:08:00 Zephyr EVM Bridge</p><p>1:13:00 Could the ERC-20 Version Be Added to THORChain?</p><p>1:15:00 Audience Question: Is the ERC-20 Version Significant Enough to Scale?</p><p>1:20:00 The Best of Both Worlds Partnering Together</p><p>1:22:00 Where Is the Outside Money Coming From?</p><p>1:23:00 How Do You Acquire Zephyr Today?</p><p>1:24:00 Wallet Support</p><p>1:24:00 Stablecoin Swaps Will Be Free on THORChain</p><p>1:27:00 THORChain Fee Structure</p><p>1:30:00 Protocol-Owned Liquidity Growth and Considerations</p><p>1:38:00 Cost to Run Zephyr</p><p>1:42:00 Let's Get It on THORChain!</p><p>1:47:00 Stablecoin Speed and Finality</p><p>1:53:00 <a target="_blank" rel="noopener noreferrer nofollow" href="http://ZephFlow.live">ZephFlow.live</a></p>