Episode 44 Crypto Culture and Convention

Episode 44: Crypto Culture and Convention

Episode 44

Crypto Culture and Convention

0xfoobar is a developer and investor. We cover the tradeoff between privacy and compliance, how culture and law shape each other, and his views on crypto regulation.

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[00:02:02] - [First question] - How he built such a robust technical background in his career that lead him to crypto 

[00:04:42] - The trade off between compliance and privacy and his take on it writ large

[00:07:27] - Whether or not people have given up on the idea that privacy of transaction matters 

[00:11:17] - The current technical framework for what exists in privacy today for crypto

[00:14:07] - Defining a zero knowledge proof and explaining the process to do one 

[00:18:55] - The public ledger incentivizing other economic models and the ways crypto will be used for in the future that might not be what we imagine today 

[00:20:14] - People want to experiment but doing so can involve blind risk unless they’re familiar with the space 

[00:22:00] - Reversible transactions and why they’re harmful 

[00:26:37] - Opensea’s flagging involvement and whether or not we’ll have a cash-like layer built on top of the irreversible chain   

[00:29:26] - Minimizing crypto purchas risk and protecting participants with a transaction cooling process or holding period 

[00:32:46] - The ways in which law and culture shape each other 

[00:34:14] - Examples of how culture affects crypto in ways that laws don’t yet 

[00:36:31] - DeFi protocol hacks and how the culture should handle that kind of behavior 

[00:40:49] - His thoughts on the current takes of trying to bring regulation by enforcement to the crypto space

[00:42:33] - What he would do about regulation with SBF’s wealth, power, and influence

[00:43:18] - His current area of focus is lately and what he enjoys doing the most 

[00:46:50] - What he’s most excited to see built in the next six months and six years

Crypto Culture and Convention

Introduction

Eric
This is Eric Golden, and my guest today is 0xfoobar. Foobar is a developer and an investor who writes a must-read newsletter called The Variable. In this episode, we discuss the trade-offs between privacy and compliance, how culture and law shape each other and his views on crypto regulation. Please enjoy this conversation with 0xfoobar.

Eric
Foobar thank you so much for joining me today. I'm really excited to have you on Web3 Breakdowns.

Foobar
Thanks for having me. It's great to be here.

Crypto Privacy and Zero-Knowledge Proofs

Eric
For those of you who don't know Foobar, I've been a big fan following him on Twitter, his writing. I think that you're one of the most technically deep minds that's able to communicate in a way that us less technically gifted can understand and follow around. I thought a good place to start would be, how did you build such a robust kind of technical background with your career and history that got you to crypto?

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