Welcome to Good Game, your No BS Insights for crypto founders.

Introduction - Welcome to Good Game, your No BS Insights for crypto founders.

Discussion about 50 Cent and the launch of a token.

50 Cent and Token Launch - Discussion about 50 Cent and the launch of a token.

Impact of events on the crypto market and the market rally.

Impact on the Market - Impact of events on the crypto market and the market rally.

Insights and background of JD Vance and his connection to crypto.

Discussion about JD Vance - Insights and background of JD Vance and his connection to crypto.

Shift in sentiment in Silicon Valley and the impact on politics and technology.

Shift in Silicon Valley - Shift in sentiment in Silicon Valley and the impact on politics and technology.

Discussion about the potential impact of Trump's election on the crypto industry.

Impact of Trump's Election on Crypto - Discussion about the potential impact of Trump's election on the crypto industry.

Discussion about ICO regulation, VC landscape, and the shift towards liquid buyers.

ICO Regulation and VC Landscape - Discussion about ICO regulation, VC landscape, and the shift towards liquid buyers.

Exploration of layer 2 solutions and their potential impact on Ethereum.

Layer 2 and Ethereum - Exploration of layer 2 solutions and their potential impact on Ethereum.

Discussion about the natural evolution of layer 2 solutions and the need for apps to become layer 2s.

Introduction to Layer 2 Solutions - Discussion about the natural evolution of layer 2 solutions and the need for apps to become layer 2s.

Exploring the concept of stablecoins having their own chain and the implications of settling on a circle chain.

Stablecoins and Chain Settlement - Exploring the concept of stablecoins having their own chain and the implications of settling on a circle chain.

Exploring the emergence of alternative tech and its potential impact on the industry.

Discussion on Alt-Tech and Alternative Tech - Exploring the emergence of alternative tech and its potential impact on the industry.

Discussion on onboarding challenges in crypto apps and the potential for improving the user experience.

Autonomous Worlds and Onboarding Challenges - Discussion on onboarding challenges in crypto apps and the potential for improving the user experience.

Insights into ZK Roll-Ups and the use of ZK VMs in the context of blockchain technology.

ZK Roll-Ups and ZK VMs - Insights into ZK Roll-Ups and the use of ZK VMs in the context of blockchain technology.

Discussion about ZKVMs, bytecode compatibility, and trade-offs in compatibility and speed.

Introduction to ZKVMs and Compatibility - Discussion about ZKVMs, bytecode compatibility, and trade-offs in compatibility and speed.

Trend observed in ZK rollouts favoring compatibility and developer-friendliness over speed.

Trend Towards Compatibility in ZK Rollouts - Trend observed in ZK rollouts favoring compatibility and developer-friendliness over speed.

Comparison of ZK Sync, Starknet, and Polygon ZK EVM in terms of developer-friendliness and speed.

Comparison of ZK Roll-ups and ZK VMs - Comparison of ZK Sync, Starknet, and Polygon ZK EVM in terms of developer-friendliness and speed.

Discussion about improvements in ZK speed and the trade-offs of ZK ASIC hardware startups.

Improvements in ZK and ZK Hardware Startups - Discussion about improvements in ZK speed and the trade-offs of ZK ASIC hardware startups.

Comparison of fully homomorphic encryption (FHE), trusted execution environment (NTE), and zero-knowledge proofs (ZK) in terms of privacy and speed.

Comparison of FHE, NTE, and ZK - Comparison of fully homomorphic encryption (FHE), trusted execution environment (NTE), and zero-knowledge proofs (ZK) in terms of privacy and speed.

Discussion on market structure, institutional readiness, and the narrative of DeFi coins and layer ones.

Discussion on Market Structure and Institutional Readiness - Discussion on market structure, institutional readiness, and the narrative of DeFi coins and layer ones.

Introduction to Moonshot.money and its focus on retail adoption through meme coins and simplified onboarding.

Introduction to Moonshot.money and Retail Adoption - Introduction to Moonshot.money and its focus on retail adoption through meme coins and simplified onboarding.

Discussion on the unbundling of Dex screener and the potential for retail apps like Moonshot to offer better data components.

Unbundling of Dex Screener - Discussion on the unbundling of Dex screener and the potential for retail apps like Moonshot to offer better data components.

Conversation about 50 Cent, Donald Trump, and the potential launch of a 50 Trump token.

50 Cent and Donald Trump - Conversation about 50 Cent, Donald Trump, and the potential launch of a 50 Trump token.

Discussion about the song 'Many Men' by 50 Cent and reminiscing about listening to 50 Cent's music.

Many Men by 50 Cent - Discussion about the song 'Many Men' by 50 Cent and reminiscing about listening to 50 Cent's music.

Final remarks, a hint at a possible live stream for the next podcast, and a reminder to subscribe to the podcast.

Closing Remarks and Podcast Subscription - Final remarks, a hint at a possible live stream for the next podcast, and a reminder to subscribe to the podcast.

- The video discusses the impact of 50 Cent's song "Many Men" and its connection to the crypto market
- It also touches on the potential implications of an assassination attempt on Trump on the market
- JD Vance's background and investment holdings in crypto are highlighted, along with the shift in Silicon Valley's political leanings towards the right
- The video also mentions Elon Musk's influence and recent controversial laws regarding transgender rights in schools and Microsoft's decision to dissolve their DEI group

- The speaker discusses the shift in support for Trump within Silicon Valley and the changing public perception of him.
- They express hope for change in American politics with the emergence of younger politicians like JD Vance.
- The speaker believes that a Trump presidency will have a positive impact on the crypto market, potentially bringing back ICOs and leading to a pivot in the venture capital community towards becoming liquid buyers.
- They also discuss the confusion and disappointment among professional liquid fund managers regarding meme coins.

- The conversation covers the topic of meme coins and their volatility in the market
- The discussion also touches on the challenges and risks associated with layer 3 infrastructure and its impact on users and developers
- There is a debate about layer 2s potentially becoming independent chains and the implications for Ethereum as a settlement layer

- The discussion covers the potential for layer 2 to become layer 1 in the crypto space
- The idea of stablecoins having their own chain is discussed
- Farcaster and its potential in the market is mentioned
- The emergence of alt tech as a growing industry is highlighted, with examples of platforms like TruthSocial and Kik
- The potential for crypto to play a role in alt tech is discussed, with a focus on open social graph standards like Warpcast and Farcaster
- The cultural differences between platforms like Twitter and Instagram are also mentioned, with Twitter being considered part of alt tech.

- Discussion about the definition of Alt-Tech and its association with the right
- Comparison of AI platforms and preference for using perplexity over chat GBT
- Introduction of the game Mirage and its on-chain gaming concept
- Emphasis on the role of speculation and gamification in on-chain gaming
- Advice for founders to bring some features off-chain for faster iteration and product market fit

- The discussion focuses on the philosophy of building games with only useful components on the blockchain
- The onboarding process for crypto apps is criticized for being complex and time-consuming
- The need for simpler and easier onboarding processes to attract more users to crypto apps is emphasized
- The problems with on and off ramps for crypto transactions are discussed, including KYC processes and fraud protection
- The potential of ZK Roll-Ups and ZK VMs for improving blockchain technology is briefly mentioned

- ZK rollups will likely use general purpose ZK VMs, which are slower than specialized ZK UVMs
- ZKVMs are compatible with existing tooling but slower
- ZK Sync is ranked ahead of Starknet and Polygon ZK EVM in terms of developer friendliness and speed
- Sucsynct is ahead of Risk 0 in terms of ZK VMs
- ZK improvements in speed come from mathematical advancements, faster than Moore's law
- ZK hardware startups are building ASICs for ZK, but the economics are unclear
- ZK Sync is live, while Polygon ZK EVM is a work in progress
- ZK is not a good technology for privacy in multiplayer state transitions, unlike FHE and TE.

- Discussion of the impact of 50 Cent's song "Many Men" on the crypto market
- Potential market implications of an assassination attempt on Trump
- Highlight of JD Vance's background and crypto investments, and Silicon Valley's shift towards the right
- Elon Musk's influence, controversial laws on transgender rights, and Microsoft's dissolution of their DEI group
- Changing support for Trump in Silicon Valley and the emergence of younger politicians like JD Vance
- Hope for positive impact of a Trump presidency on the crypto market
- Confusion and disappointment among professional liquid fund managers regarding meme coins
- Challenges and risks associated with layer 3 infrastructure and its impact on users and developers
- Debate about layer 2s becoming independent chains and implications for Ethereum
- Potential for stablecoins to have their own chain and the emergence of alt tech as a growing industry
- Discussion on the role of crypto in alt tech and the cultural differences between platforms
- Comparison of AI platforms and emphasis on on-chain gaming and its gamification
- Criticism of complex onboarding process for crypto apps and the need for simpler processes
- Problems with on and off ramps for crypto transactions, including KYC processes and fraud protection
- Brief mention of ZK Roll-Ups and ZK VMs for improving blockchain technology, with details on their rankings and advancements
- ZK hardware startups building ASICs for ZK, but unclear economics
- Status of ZK Sync and Polygon ZK EVM
- ZK technology's limitations for privacy in multiplayer state transitions compared to FHE and TE.

- ZK cannot provide privacy for multiplayer state transitions, but FHE is good at ensuring privacy for multiplayer scenarios
- FHE takes data that's already encrypted and can do compute over encrypted private data, but it is extremely slow
- FHE is not about provable compute, unlike ZK which is about provable compute
- TEE is competitive to FHE and is faster, but it has higher trust assumptions
- The market will solve the issue of high FTV, low float coins, as attention will move away from them and founders will continue releasing them publicly

- The speaker believes that attention will shift away from certain coins, but those with strong fundamentals will eventually gain attention and be purchased at a lower price by retail and hedge funds
- They discuss the institutional readiness of certain DeFi coins like Maker, Ave, and Lido, comparing their valuation ratios to public tech stocks
- They also mention the potential for meme coins to attract a new generation of investors, highlighting a new app called Moonshot that focuses on onboarding users to meme coins in a simple and user-friendly way
- The speaker also discusses the challenges of finding and purchasing specific meme coins, and suggests that Moonshot could potentially solve this issue and unbundle the current market leader, Dextreiner.

- The speaker reminisces about 2017 and the influx of "normies" into the cryptocurrency market
- They discuss the prevalence of "shitcoins" and the difficulty of using Dex screener
- They end with a discussion about 50 Cent and Donald Trump, and mention the possibility of a live stream for their next podcast

- FHE is good for ensuring privacy in multiplayer scenarios, but it is slow
- ZK is about provable compute, while FHE is not
- TEE is faster than FHE, but has higher trust assumptions
- Market will solve issue of high FTV, low float coins
- Attention will shift away from certain coins, but those with strong fundamentals will eventually gain attention
- Institutional readiness of DeFi coins like Maker, Ave, and Lido compared to public tech stocks
- Potential for meme coins to attract new investors, with a new app called Moonshot simplifying the process
- Challenges of finding and purchasing specific meme coins, and the potential for Moonshot to unbundle the current market leader
- Discussion about "normies" entering the cryptocurrency market, prevalence of "shitcoins," and difficulty of using Dex screener
- Mention of 50 Cent and Donald Trump, and possibility of a live stream for the next podcast

Imran and Qiao are back to talk about the attempted assassination of Donald Trump, the future of memecoins, and crypto VC markets.
No BS crypto insights for founders.

Timestamps

00:00 Intro
00:49 Trump Assassination Attempt and Market Impact
04:12 JD Vance's Background and Crypto Involvement
08:25 Silicon Valley's Political Shift
10:16 Trump's Influence on Tech and Crypto
15:32 Future of ICOs and Venture Capital
19:57 Token Projects and Market Dynamics
23:01 Layer 3 Issues and Blast Transition
26:06 Ethereum's Role and Layer 2s
31:07 Potential for Apps to Have Their Own Chains
33:07 Stablecoins and Blockchain Economics
35:39 Farcaster and Developer Alignment
37:03 Growth of Alternative Tech and Kick Streaming Platform
39:19 Political Bias in AI Platforms
42:58 Comparing AI Tools: ChatGPT vs. Claude
44:37 On-Chain Games, Speculation, and Autonomous Worlds
49:00 Crypto VCs and ICOs
50:30 JD Vance's Political Impact
52:00 Venture Capital in Crypto
54:12 Future of Ethereum
56:30 JD Vance's Portfolio Holdings
59:10 Peter Thiel's Mentorship of JD Vance
01:01:20 Millennials' Economic Struggles
01:03:00 Silicon Valley's Political Leanings Shift
01:05:10 Elon Musk's Impact on Twitter
01:07:30 Controversial Laws and Public Reactions
01:10:00 Trump and Tech Sector's Political Shift
01:12:00 Trump as a Role Model
01:14:00 JD Vance and Utility Tokens
01:16:00 Trump's Impact on Crypto
01:18:00 Future of ICOs and Venture Capital
01:20:00 Liquid Funds and Meme Coins
01:22:00 Token Projects' Conservative Approach
01:24:00 Layer 3 Issues
01:26:00 Blast and Layer 2 Transition
01:28:00 Ethereum and Layer 2s
01:30:00 Ending the Episode with “Many Men (Wish Death)”

Spotify: https://spoti.fi/3N675w3
Apple Podcast: https://apple.co/3snLsxU
Website: https://goodgamepod.xyz
Twitter: https://twitter.com/goodgamepodxyz

Web3 Founders: 
Apply to Alliance: https://alliance.xyz
Alliance Twitter: https://twitter.com/alliancedao

DISCLAIMER: The views expressed herein are personal to the speaker(s) and do not necessarily reflect the views of any other person or entity. Discussions and answers to questions are intended as generalized, non-personalized information. Nothing herein should be construed or relied upon as investment, legal, tax, or other advice.

Now the question is, as you were growing up, did you ever listen to 50 Cent?

You know, I put many men on repeat for the whole day the day after Let me show you this

oh Man, did it was there a was there a token?

I'm sure there's gotta be 1 There's gonna be 1.

There you go Man Looking for your next startup idea in crypto?

and get inspired at alliance.xyz forward slash ideas.

All right, looks like we've seen almost a near assassination of Trump.

For this episode, instead of our usual intro music, we should put many men.

And we should have the Trump logo kind of come up.

Did you see, I saw a TikTok video, I think it's true, it's not fake, but 50 Cent had a, you know, he did a concert and he put, he put a Trump, he remade the, like the, the poster or something with Trump's face instead of his, his face for the many men song.

And then fun enough, the song, Many Men, so someone created an AI version of it with Trump actually rapping over it.

it it launched on crate and it went Oh, I mean it would launch in crate and then also went viral on Twitter So it was fun, but it also had huge implications on the market It may have brought the the market up maybe a month and a half, 2 months.

I think it's not a matter of timing, but rather a matter of scale, right?

Because previously, I mean, the election odds, the odds of Trump getting elected went up like 10%, 10, 20%.

That, and then I think what happened on the market side, public market side is that it initially created a boost, a bunch of like last buyers, last mile buyers.

And then I think that kind of sparked into something even much bigger, where they ended up kind of front running each other to the point where we are where we are now.

And I think people are waiting for the catalyst.

And this catalyst, it turns out to be the Trump's assassination attempt.

And then the day after, I can't remember what happened, but the market started pressing in a rate cut probability of 100% in September.

Whereas previously it was like 70% until that weekend.

So the combination of these 2 things, like everything rallied, gold, ARK, ARK ETFs, which is very rate sensitive.

Another side note, Trump mentioned the other day, he said he's going to pick Jamie Diamond as a treasurer.

And he was going to allow Powell to keep his job because he didn't do the rate cuts during the early stages of the election to help Biden win.

he said that he didn't say to like as clear as I'm saying it.

I mean, like it's I mean, you know, it could be it could be a bit later, but yeah, it makes sense as far as why Powell has been pretty strict on not doing any rate cuts because we were supposed to have rate cuts per the market 6 months ago.

So I think this was more of a strategic move from Powell, but who

The 1 person that really caught me both off guard and also pleasant surprise is JD Vance.

I actually didn't know him before, before he

But I did a little bit of research into him.

I think we should share the videos that I saw.

He knows what he's talking about when it comes to tokens.

And I think 1 of the videos which lasts up to 21 minutes on the 16th minute he talks, he implies the token he's talking about is helium.

Even the founder of helium, like, quote, retweeted and said, like, he's talking about helium and everyone like, yeah, that's true.

He also said Gary Gensler is the polar opposite of himself.

And I immediately thought it was over for Gary Gensler, basically.

And then 500k to a million of an ETF, QQQ.

In fact, I don't know if you read the article about how Peter Thiel mentored Vance, but pretty much Peter Thiel took JD Vance under his wing.

He started a traditional fund where Peter Thiel invested.

He mentored him from a political ideological perspective.

He helped build a stronger relationship between Trump and Vance.

So Peter Thiel played a big part in JD Vance's kind of road to becoming VP.

I feel like Peter Thiel makes all these like, highly skewed venture bets, right?

And occasionally 1 of these like just take off.

Trump was actually 1 of his other venture best in 2 elections ago.

I was really impressed with Vance's background.

He wrote a pretty famous book about the struggles of the American working class because he was born in 1 of those families in the Midwest, not too far from Chicago.

And he talked about how hard it was for his class, social class to move up the social ladder and basically that the American dream is that for this segment of the country.

And he wrote that like maybe 8 years ago, before he was, I think before he became a politician.

But what really strikes me about that part of his life is because, is that he came from that part of the world, the working class, but then he became a tech VC, and now he's really pro crypto.

All these things combined, it just makes me think that he's a really special guy.

I also think it's the almost the average experience that a millennial goes through, right?

We're dealing with the boomers, we're dealing with high inflation and interest rates, and there's this meme that's on Twitter, I mean, everywhere that, you know, millennials essentially receive a lot of the should we got the should you should you end of the stick when it comes to the economics and the monetary policies that we have.

And so it makes a lot of sense as to how he connected to dots with all the other millennials, I think.

And he married an Indian woman and he has a son called Vivek.

And, And like, I mean, those are pretty common in like California, but he is a conservative VP candidate, which is pretty unusual, right?

I saw a thread about this, but Silicon Valley used to be hard left, right?

And now they're swinging completely right.

I wouldn't say completely, but you see the, you can feel the shift, the sentiment shift.

I think I feel like it all started with Elon, who took over Twitter a few years ago because Elon is leaning more right than the left.

Like I use Twitter every day and I feel like over the last few years Twitter has been shifting from the left to at least the middle.

And I think I feel like Elon played a big part like yesterday.

Some past this new law where if your child identifies as transgender in a public school, then the school is not allowed to notify the parents.

This is happening in the Midwest already.

He was like, I'm moving my headquarters from California to Texas.

Did you also see the announcement yesterday?

So we're starting to see the, I think, the implosion of the blue and the stated agendas that they started with.

And people aren't happy about the implications, especially the tech sector.

And I think they played a pretty big part in shifting the mind state from where it is.

There's the all-in guys shielding Trump for the last few months.

And then there's Mark Andreessen supporting Trump yesterday.

But you remember like a few years ago, like 8 years ago, how unpopular it was to support Trump, at least in Silicon Valley.

And now it feels like the popular thing to do.

I think also Trump changed his image, just even the way he speaks.

I feel as if it isn't as heated as it is.

So I think there was a shift in his character, but his public persona.

Like I personally, I've been really reluctant to support Trump.

I just don't think he's a he's a good role model for the country.

I mean among the current candidates there I mean he's he's probably the best among the current candidates, but among past presidents, I mean, we've had a few pretty good ones.

But I think like, you know what sealed the deal for me was JD Vance.

Like I looked into the, let me show the video of JD Vance.

Are you talking about the video where he talks about utility tokens?

That's I think everyone saw it, but everyone on crypto

a foreign policy of building roads and bridges and feeding poor people.

And I think that we should pursue a foreign policy, a diplomacy of respect and a foreign policy that is not rooted in moralizing.

It's rooted in the national interest of this country.

I was, I was a pretty, shocked when I saw this because I can't remember the last time I heard a politician speak not positively, but fairly about America's biggest competitor was just China.

And I was like, this, this is really refreshing.

But there's other videos like this, like similar to, to, to like, of his, of him talking about other, his other views on various issues.

But I've been just pretty, it just, It just felt really refreshing.

And it's also refreshing to me to see more younger people in higher positions within American politics because the point of view that's always represented is the point of view that's not the majority, right?

I mean, you have the boomers that have the majority of wealth, but I mean, the people that are in the working class are the people that should be represented in the American politics.

Yeah, he's like 39 years old or something.

And in that, like, look, I'm hopeful that if they were to be elected, that they will start to make real changes.

I haven't been this hopeful in a very long time.

No, no, I'm talking about American politics.

There's a political agenda that's always represented and it's always the boomers, right?

And it isn't like really a representation of everyone of the American working class and the actual people that are represented in that class.

Did you know that Vance and Vivek went to the same law school, they're classmates and they're friends?

I didn't know they went to school, but I know the whole Vivek.

Ohio is actually a small, a very small town like Dayton.

And there's a lot of Indians in Columbus and Dayton.

But so, let's say Trump gets elected, which I think now is pretty high likelihood, like over 70%, 75%.

How do you think that's going to impact crypto in the next 4 years?

And I think you texted me this, but Trump could bring the animal spirits out in crypto, which is true.

Vance also mentioned something which I thought was interesting.

He goes in his talk, he talks about how utility took how Gensler regulates over regulates utility tokens to the point where nobody wants to buy it.

And because of that shift, everybody is buying tokens that have no value.

And he goes, it should be the other way around.

OK, so I don't think Vance is bullish for meme points, but I think Trump is bullish for meme points.

Because Trump is trying to burn the animal spirit out of everyone.

Like, it's not just meme points, but also like the non-profitable tech companies, publicly listed tech companies.

See all Good Game Podcast transcripts on Youtube

Trump Assassination Attempt & The Future of Memecoins & Crypto VC Markets