Death Spirals, Bridging Digital Nations and Corruption with Alexei Zamyatin
3 August 2023
1 hr 23 secs
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About this Episode
This episode of the #citizenweb3 podcast features Alexei Zamyatin, Co-Founder of Interlay, a modular, programmable layer between Bitcoin and the multi-chain ecosystem that unlocks novel decentralized use cases for BTC.
Interlay utilizes an already operational, decentralized bridge to connect Bitcoin with a lending protocol and AMM decentralized exchange, enabling Bitcoin holders to access basic financial services without relying on centralized exchanges
We spoke to Alexei about Interlay and:
- Payment channels
- Who pays the price for decentralization?
- The perfect storm leading to a death spiral
- Death Spirals
- How do we build trustless bridges?
- Economic interests and tribalism
- Economic vs statistical security
- Profits at the expense of the good of the people
- Centralized power corrupts
- Does full decentralization exist?
- One coin to rule them all
- Imposter Syndrome
- Early cross chain communication
- Domain name squatting
- Weak links in centralized systems
- Should I build, just because I can?
- Hostile governance attacks.
- Academia and research as a launch pad for a successful project
- Academia vs field work
- The need for Altruism in web3
- Solving a problem is a good place to start
- Thesis topics as a gateway to Bitcoin
- Risks of relying on bridges
- Failures of bridges wiping out entire ecosystems
- The importance of community in decentralization
- Ethical questions around building
- Ethical implications of breakthroughs
- Differences between native and wrapped tokens
- Diminishing trust in institutions
- The future of bridging
- Computer Science as a way to be a creative
- Analysis and effects of merge mining
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