Bridging Digital Nations: A Discussion on the Corruption of Centralized Bridges, Academia vs field work & The Importance of Community in Decentralization with Alexei Zamyatin

This episode of the #citizencosmos 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 Cosmos: - Stake with Citizen Cosmos validator - Help support the project via Gitcoin Grants - Listen to the YouTube version - Read our blog - Check out our GitHub - Join our Telegram - Follow us on Twitter - Sign up to the RSS feed Special Guest: Alexei Zamyatin.Links:AxelarBinanceBitcoinChatGPT4CosmosEthereumEvmosFTXGravityInterlayLightningLunaMoonbeamNamecoinNeutronParadigmPolkadotSilkroadTorVitalic

Om Podcasten

Citizen Web3 provides infrastructure services as a validator across the blockchain space. It is one of the oldest web3 podcasts in the space and a community of like-minded people. Our flagship product (in the making): www.validatorinfo.com is a dashboard and an explorer that helps you to discover validators across the space. We believe in the power of decentralized communities and the potential of blockchains to build a better world. For us blockchains are not just digital technologies, but they are similar to natural hives, forests, and patterns in the environment that allow us to communicate better. We value security, decentralization, privacy, and lack of enforcement. Open and verifiable blockchains should be viewed as digital nations and that our role is to help build and bring value to these nations.