Death Spirals, Bridging Digital Nations and Corruption with Alexei Zamyatin

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This episode of the #citizenweb3 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

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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

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Special Guest: Alexei Zamyatin.