The Chopping Block: Why Canto, Up Nearly 500% This Month, Has Its Haters - Ep. 452

Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they cover:

• why Bitcoin maximalists are mad about Bitcoin NFTs
• why Robert thinks Bitcoin is not a good blockchain on which to build things
• why Canto, a layer 1 blockchain, surged in price and activity and why Haseeb is anti-Canto
• how Ethereum will have multi-dimensional fee structures 
• what the role of applications in generalized blockchains should be and why they think they shouldn't be enforced at the base layer
• the accusations against the LayerZero team and their response
• the battle to provide the bridging services to Uniswap

Hosts

• Haseeb Qureshi, managing partner at Dragonfly Capital
• Tarun Chitra, managing partner at Robot Ventures
• Robert Leshner, founder of Compound 
• Tom Schmidt, general partner at Dragonfly Capital

Links

Disclosures

Bitcoin NFTs: 

• The Block: What are Bitcoin NFTs Ordinals and how do they work?
• BTC: Core On-chain - Glassnode Studio
• Bitcoin - The Overview
• Ordinals

Canto: 

• The Block: Layer 1 blockchain Canto sees surge in trading activity
• Canto - Lending

LayerZero controversy:

• James Prestwich’s tweet
• Bryan Pellegrino’s response
• Explanation of the situation by Bartek

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