1. EachPod

Death Spirals, Bridging Digital Nations and Corruption with Alexei Zamyatin

Author
serejandmyself
Published
Thu 03 Aug 2023
Episode Link
https://www.citizenweb3.com/alexeizamyatin

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

If you like what we do at Citizen Web3:

Special Guest: Alexei Zamyatin.

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