Blockchain Capital’s Spencer Bogart: A Bold Outlook for 2020
The Delphi Podcast14 Tammi 2020

Blockchain Capital’s Spencer Bogart: A Bold Outlook for 2020

Host Tom Shaughnessy talks to Spencer Bogart, general partner with Blockchain Capital. Spencer discusses the current state of crypto, his predictions for its future, and more.

FYI: We're looking for long term show sponsors. To be considered as a sponsor this show, contact Tom@DelphiDigital.io

Key Points:

  1. Crypto is becoming increasingly relevant to global macroeconomics.
  2. It’s difficult to pinpoint exactly where in the crypto development arc we are, so some believe it’s growing more slowly than expected and others believe it’s moving faster.
  3. There is an overall shift in crypto from horizontal competition to vertical construction.

Episode Highlights

  • Blockchain Capital has over 300 million assets and 80 portfolio companies.
  • Spencer got into crypto after buying some Bitcoin, which led to him getting more and more interested and eventually writing some research pieces on the crypto space.
  • Bitcoin is just starting to become relevant on a macroeconomic scale.
  • Political unrest globally could be a driver towards crypto to avoid government regulation and interference.
  • Technological developments and the best tech are not what establish standards.
  • Spencer predicts that rather than a new protocol launching and becoming number one, more success and better standards will be established by people building on top of existing protocols.
  • People will build for the chains that have the most end-users, and those options are Bitcoin and Ethereum.
  • Now that it has become easier to build up the stack, Spencer predicts we will see more innovative and creative solutions.
  • Tom thinks given new involvement in crypto from China, Facebook, and other places, that we’re maybe moving slower than expected, but Spencer disagrees.
  • Spencer points out that asset value is not the only way to assess a crypto’s success, but that you can also look at the transaction value.
  • Spencer suggests when pitching to a VC, don’t overrepresent what you’re doing.
  • Be cautious about assuming that what you see online, on crypto Twitter for example, is representative of everything that’s going on in the industry; some of the most knowledgeable and impactful people aren’t on crypto Twitter because they’re too busy building.
  • Spencer’s long-term view of the industry is that there’s an overall shift from horizontal competition to vertical construction.
  • Bitcoin probably does not need vertical construction to grow because it is focused on a specific market and specific use cases.

Quotes

  • “Keep in mind that any kind of venture investor that you’re going to go and talk to, they just see a lot of opportunities, so they’re looking for reasons—as much as they’re looking for reasons to invest in something, they’re also looking for reasons not to invest.” –Spencer Bogart

  • “It’s only because of fee pressure that we started to get innovations on things like lightning. So the other option would have been to increase the block size to try to keep transaction fees low, but the reality is there’s unbounded demand for cheap block space.” –Spencer Bogart

  • “We’re seeing a shakeout in terms of trying to establish standards. So I think these standards are trying to basically create the foundation for programmable assets. And standards are almost never set by best tech.” –Spen

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Travis Good: Machine Intelligence as a new world currency: facing down OpenAI with Ambient, a hyperscaled decentralized PoW-powered alternative

Travis Good: Machine Intelligence as a new world currency: facing down OpenAI with Ambient, a hyperscaled decentralized PoW-powered alternative

Join Tom Shaughnessy as he hosts Travis Good, CEO and co-founder of Ambient, for a deep dive into the world's first useful proof-of-work blockchain powered by AI. Fresh out of stealth, Ambient reimagines the intersection of crypto and AI by creating a decentralized network where mining secures the chain through verified AI inference on a 600B+ parameter model.🎯 Key Highlights▸ Ambient's vision for a decentralized currency representing a unit of machine intelligence▸ How mining incentivizes global participation in a single model's continuous improvement▸ The power of reasoning traces and synthetic data to create a "world's RL gym"▸ Verified inference as the foundation for trustless AI composability▸ The philosophical importance of open, decentralized AI vs. corporate controlled models▸ How the economics of ambient create new possibilities for an AI-driven world▸ Deep analysis of the geopolitical shifts in AI development with Chinese open source models💡 Want to stay updated with the latest in crypto & AI? Hit subscribe and the notification bell! 🔔🧠 Follow the Alpha▸ Tom's Twitter: @Shaughnessy119▸ Travis's Twitter: @IridiumEagle▸ Ambient's Twitter: @ambient_xyz🔗 Connect with Delphi🌐 Portal: https://delphidigital.io/🐦 Twitter: https://twitter.com/delphi_digital💼 LinkedIn: https://www.linkedin.com/company/delphi-digital🎧 Listen onSpotify: https://open.spotify.com/show/62PR1RigLG2YN5Pelq6UY9?si=18ac7ccf36ab4753Apple Podcasts: https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082Youtube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43QTimestamps00:00 - Introduction to Ambient02:00 - The Vision: Currency for Machine Intelligence05:00 - Convergence of AI Models and Democratizing Access08:45 - Mining with GPUs to Improve the Network's Model11:30 - The Power of Reasoning Traces and Synthetic Data16:45 - Size Matters: High IQ Models and Fine-Tuning23:15 - Speed and Performance: Building on Solana's Foundation27:30 - Supporting Different Hardware Configurations34:20 - Network Governance and Model Upgrades38:00 - The Importance of Verified Inference43:40 - The Problems with Centralized AI Models53:00 - The Vision for an Ambient-Powered Economy59:30 - The Future of Open Source Models01:04:15 - Response to Leopold's "Situational Awareness"01:13:30 - Privacy and Transaction Design01:19:00 - Denominating Real Business in Ambient01:25:00 - The Path Forward for Decentralized AIDisclaimerThis podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

7 Huhti 20251h 31min

Ben Fielding: Gensyn’s Polar Opposite Architecture vs AI Data Centers, Fueling an AI-Native Internet, Open vs. Closed Source AI and RL Swarm

Ben Fielding: Gensyn’s Polar Opposite Architecture vs AI Data Centers, Fueling an AI-Native Internet, Open vs. Closed Source AI and RL Swarm

Join Tom Shaughnessy as he hosts Ben Fielding, co-founder of Gensyn Network, for an in-depth exploration of decentralized AI infrastructure and the future of machine learning. From Gensyn's evolution as a low-level infrastructure platform to its revolutionary approach with RL Swarm, the conversation covers transformative developments in distributed computing, model training, and the philosophical implications of AI development.🎯 Key Highlights▸ Gensyn's approach to agnostic, low-level AI infrastructure designed to transcend trends▸ Transition from vertical to horizontal scaling in AI computing systems▸ The limitations of centralized hyperscaler data centers and how Gensyn provides an alternative▸ Deep dive into RL Swarm: enabling peer-to-peer reinforcement learning at scale▸ The philosophical importance of open, personalized AI models vs centralized systems▸ Exploration of AI's future: parameter space, model communication, and verification▸ Vision for how decentralized AI can democratize machine learning technology💡 Want to stay updated with the latest in crypto & AI? Hit subscribe and the notification bell! 🔔🧠 Follow the Alpha▸ Tom's Twitter: @shaughnessy119▸ Ben's Twitter: @fenbielding🔗 Connect with Delphi🌐 Portal: https://delphidigital.io/🐦 Twitter: https://twitter.com/delphi_digital💼 LinkedIn: https://www.linkedin.com/company/delphi-digital🎧 Listen onSpotify: https://open.spotify.com/show/62PR1RigLG2YN5Pelq6UY9?si=18ac7ccf36ab4753Apple Podcasts: https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082Youtube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43QTimestamps00:00 - Introduction to Gensyn Network01:29 - Building AI-Agnostic Infrastructure05:00 - Vertical vs Horizontal Scaling in AI10:50 - Limitations of Centralized Data Centers17:42 - Gensyn's Core Components and Vision20:45 - The Internet as Parameter Space28:00 - Execution, Communication, and Verification34:42 - RL Swarm: Decentralized Reinforcement Learning41:30 - Model Communication and Improvement48:46 - Testnet and Persistent Identity53:56 - Preserving Model Personalization59:42 - Open vs Closed Source Models01:05:30 - The Future of AI Development01:11:20 - Value Capture in AI and Final ThoughtsDisclaimerThis podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

31 Maalis 20251h 18min

Jeffrey "Jiho" Zirlin: Ronin Goes Permissionless

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10 Helmi 20251h 3min

Daryl Xu: Building B3, The Next Evolution in Crypto Gaming Infrastructure

Daryl Xu: Building B3, The Next Evolution in Crypto Gaming Infrastructure

Join Piers Kicks as he hosts Daryl Xu, founder of B3, for an exploration of how they're building the optimized Layer 3 solution for gaming on Base, creating the homepage for on-chain gaming, and revolutionizing gaming infrastructure through innovative economic incentives. 🎯 Key Highlights ▸ Evolution from Coinbase and Base to B3 ▸ Deep dive into game chain strategy ▸ Analysis of B3 token utility and economics ▸ Discussion of regulatory impact on gaming ▸ Insights into developer incentives ▸ Vision for on-chain gaming infrastructure 💡 Want to stay updated with the latest in crypto & AI? Hit subscribe and the notification bell! 🔔 🧠 Follow the Alpha ▸ Piers's Twitter: @pierskicks ▸ Daryl's Twitter: @darylX24 🔗 Connect with Delphi 🌐 Portal: https://delphidigital.io/ 🐦 Twitter: https://twitter.com/delphi_digital 💼 LinkedIn: https://www.linkedin.com/company/delphi-digital 🎧 Listen on Spotify: https://open.spotify.com/show/62PR1RigLG2YN5Pelq6UY9?si=18ac7ccf36ab4753 Apple Podcasts: https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082 Youtube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q Timestamps 00:00 - Introduction 01:09 - Career Background 02:54 - Gaming Focus 05:08 - Team Structure 08:47 - Infrastructure Vision 12:25 - Product Overview 17:08 - Game Chain Strategy 21:26 - Developer Relations 26:12 - Token Economics 31:38 - DAO Governance 34:16 - Foundation Strategy 42:12 - Regulation Impact 48:27 - Building Philosophy 54:46 - Market Outlook 59:32 - Digital Experience 01:03:09 - Book Recommendations Disclaimer This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

7 Helmi 20251h 5min

Krish Jagirdar & Jordan Lejuwaan: Building RekTech, The Future of Interactive Entertainment

Krish Jagirdar & Jordan Lejuwaan: Building RekTech, The Future of Interactive Entertainment

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6 Helmi 202555min

Jeffrey Emanuel: Viral Author of The Short Case for Nvidia Stock - cohosted by Pondering Durian

Jeffrey Emanuel: Viral Author of The Short Case for Nvidia Stock - cohosted by Pondering Durian

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31 Tammi 20251h 23min

Kam Punia: The $POWER of Web3 Mobile Gaming

Kam Punia: The $POWER of Web3 Mobile Gaming

Join Piers Kicks as he hosts Kam Punia, founder of Pixion Games, for an in-depth exploration of building Web3 gaming experiences and the journey behind Fableborn. From Kam's extensive background at Konami and Yu-Gi-Oh! to Pixion's innovative approach to Web3 gaming, the conversation covers crucial developments in game design, community building, and the future of blockchain gaming. 🎯 Key Highlights ▸ Evolution from Web2 to Web3 gaming development ▸ Deep dive into Fableborn's gameplay mechanics and design philosophy ▸ Analysis of LiveOps strategies for blockchain games ▸ Discussion of community building and player engagement ▸ Insights into scaling Web3 gaming economies ▸ Vision for the future of mobile blockchain gaming 💡 Want to stay updated with the latest in crypto & AI? Hit subscribe and the notification bell! 🔔 🧠 Follow the Alpha ▸ Piers's Twitter: @pierskicks ▸ Kam's Twitter: @kam_punia 🔗 Connect with Delphi 🌐 Portal: https://delphidigital.io/ 🐦 Twitter: https://twitter.com/delphi_digital 💼 LinkedIn: https://www.linkedin.com/company/delphi-digital 🎧 Listen on Spotify: https://open.spotify.com/show/62PR1RigLG2YN5Pelq6UY9?si=18ac7ccf36ab4753 Apple Podcasts: https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082 Youtube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q Timestamps 00:00 - Introduction and Background 04:21 - Building the Pixion Team 07:42 - Fableborn Overview 10:44 - Mobile Gaming Strategy 12:28 - Web3 Integration Journey 16:41 - Community Metrics and Growth 19:50 - Community Building Approach 22:22 - UX Challenges in Web3 25:13 - Business Model Innovation 28:08 - LiveOps Strategy 33:20 - Economic Management 39:20 - Future Plans and Ronin Integration 45:17 - Key Learnings 47:11 - Digital Experiences 49:29 - Gaming Discussion Disclaimer This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

29 Tammi 202554min

James Zhang: Bringing Emerging Markets Onchain With Jambo

James Zhang: Bringing Emerging Markets Onchain With Jambo

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28 Tammi 202547min