Why Yat Siu Believes Altcoins Will Surpass Bitcoin
The Defiant - DeFi Podcast21 Loka 2025

Why Yat Siu Believes Altcoins Will Surpass Bitcoin

In Web3, we find ourselves in an age of digital phantoms, a "click-farm" era where identity is flimsy and easily fabricated. But what if reputation could be real, portable, and valuable? Animoca Brands co-founder Yat Siu returns to explore this very question, detailing a vision for a trust layer built on zero-knowledge proofs.

He reveals plans for a Hong Kong dollar stablecoin, a joint venture with Standard Chartered and HKT awaiting regulatory approval, and unpacks the Mocaverse ecosystem where staking power and airdrops build a verifiable, cross-chain identity. We also explore the future of Web3 gaming, the coming meta shift from GTA 6, and a bold thesis: why the entire altcoin market may one day eclipse Bitcoin.

Tune in to discover how we might build a more trustworthy digital future.

Chapters

00:18 Solving Web3's "Click Fraud" Problem

01:01 Animoca's Plan for a Hong Kong Stablecoin

03:12 Navigating Hong Kong and China's Regulatory Landscape

09:11 The Composability and Promise of Stablecoins

11:09 Introducing the Mocaverse Loyalty SDK

12:56 Building an Interoperable Digital Identity

15:04 The Search for Trust in a Permissionless World

18:34 Data Custody, GDPR, and Self-Sovereignty

21:02 Can Reputation Live Across Multiple Chains?

27:07 The Limits of KYC and Airdrop Farming

28:49 Staking Power and Airdrops as a Form of Credit

40:34 Rumors of a US Listing for Animoca

45:13 The Future of Web3 Gaming and the GTA 6 Effect

56:22 Why Altcoins May One Day Eclipse Bitcoin

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