This Week in Startups Crypto Roundtable: Shkreli's new web3 project, ETH merge, Gensler goes after DeFi protocols | E1542
Aug 23, 2022
Sunny Madra, co-founder of Definitive Intelligence, and Vinny Lingham, co-founder of Civic, join the roundtable to tackle some pivotal crypto topics. They dive into Martin Shkreli's controversial new Web3 project aimed at democratizing drug discovery. The discussion shifts to the Ethereum merge, examining its potential impact on transaction costs and market dynamics. Gensler's regulatory stance on DeFi protocols stirs up ethical debates, while innovative projects like Helium and Filecoin are highlighted for their decentralization efforts.
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Filecoin's Scale and Adoption
- Filecoin has significant scale with substantial daily data storage.
- However, end-user adoption is low as it's a base layer protocol, with services built on top.
Filecoin Use Cases
- Filecoin stores approximately 1.4 petabytes of data daily through deals with storage providers.
- Wikipedia uses Filecoin/IPFS for censorship resistance, demonstrating a real-world use case.
Hivemapper: Decentralized Google Maps
- Hivemapper, a decentralized Google Maps competitor, lets users contribute street view data.
- Users buy hardware, contribute data, and earn HONEY tokens, similar to Helium's model.