Teemu brought up on Ep. 33 of The Spelunking Podcast a gripe against crypto that I’ve often heard myself: if crypto is so great, then why hasn’t it achieved more penetration in a decade?
The simple answer is that people forget the speed at which the Internet truly developed.
I’ve been somewhat erratic in posting these, but we have a new Spelunking Podcast episode out!
Mika Honkasalo, partner at Equilibrium Ventures, joins us on the latest Spelunking Podcast to discuss our hope that Futarchy can help fix token governance by forcing participants to risk something for their decisions. The discussion varied from liquid vs. illiquid vc investments, if we are in a bull market or seeing bull market behavior from crypto insiders (something we wouldn’t agree on), and wonder if the crypto market will end up dominated by TradFi.
On my latest conversation with Teemu, we warn people off the vaporware of crypto + AI tokens, go over how the market is changing - including how ETFs may provide a path to something that scans like IPOs - and discuss the Eigenlayer grants to prominent critics at the Ethereum Foundation.