• FamiliarCow on THORChain, Rune, and decentralized platforms

  • Aug 8 2023
  • Length: 51 mins
  • Podcast

FamiliarCow on THORChain, Rune, and decentralized platforms

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  • Summary

    • Ben and familiarcow had a conversation about Thorchain and its purpose of securing native assets without a trusted authority. They discussed how Thorchain acts as a middleware layer, allowing for the swapping of assets between different chains without the need for wrapping or issuing IOUs.
    • Familiarcow explained that ThorChain is an infrastructure that enables seamless cross-chain swaps between different cryptocurrencies. It uses an AMM similar to Uniswap, where native assets are kept native, and the network is secured by a decentralized set of validators and nodes.
    • Familiarcow and Ben discussed the economic security model of Thorchain, where validators stake a significant amount of Rune to ensure the network's security. They also talked about the incentive pendulum, which balances rewards between nodes and liquidity providers based on the network's level of security and liquidity.
    • Familiarcow discussed the main uses of Rune, emphasizing its importance in providing liquidity and security for the Thor Chain network. They also mentioned the efforts to integrate Thor Chain into various wallets, such as Trust Wallet and Ledger, to enable native swaps and increase adoption.
    • Familiarcow discussed the process of building relationships with other projects in the blockchain space, emphasizing the importance of offering a useful product and being persistent. They also mentioned the significance of community support and the impact of securing big integrations to gain credibility and adoption.
    • Familiarcow and Ben discussed the future of the industry, particularly the intersection of crypto and gaming. They acknowledged the importance of infrastructure and the potential for Web3 games, while also recognizing the value of crypto's sovereignty and the need for companies to create and provide value in the gaming space.
    • The discussion revolved around the question of whether blockchain gaming should be centralized or decentralized. They explored the idea of starting with a centralized game and gradually incorporating decentralized elements, such as profit-sharing and asset ownership, to create a more inclusive and community-driven gaming experience.
    • Ben and familiarcow discussed the importance of building a successful application before evolving it into a platform in the crypto space. They emphasized the need to prove product-market fit and gain users before focusing on building a marketplace or platform.
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