Venture Investing In Bitcoin With Walt Smith
We welcome Walter Smith of Cyber Fund to the show, a VC and Bitcoin puppet.
The Gwart Show | Blockspace Media
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Show Notes
Walt Smith of Cyber Fund joins The Gwart Show, sharing his take on venture capital in the crypto–and specifically Bitcoin–space. He discusses the potential of Bitcoin rollups, the future of Ethereum, and the drama among crypto VCs. Walt also dives into the idea of merge mining as a scaling solution for Bitcoin and shares his thoughts on the end game of tokenization.
Chapter Markers:
00:00 Start
01:22 Walt's background
02:45 Working at Galaxy
04:22 Major investments
05:36 Restaking
08:19 Multi-asset pool model
10:55 Open infrastructure "free banking"
13:47 Are DOAs dumb?
20:24 Tokenizing equities
26:32 Interest in Bitcoin
29:50 ETH minimum viable issuance
35:22 Lido DOA
40:15 Restaking controversy
44:11 VC cat fights
50:04 Bitcoin season 2
53:04 Bitcoin L2 VC investments
55:51 Merge mining Bitcoin
58:22 Bitcoin covenants
03:34 Attrition to L2 on Bitcoin
08:28 BTC vs ETH in 10 years
13:49 realistic growth projections
17:03 Wrap up
Follow our guest on Twitter: @waltjsmith
Follow our host: @gwartygwart
👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.
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