In this episode, host Friederike Ernst is joined by Thomas Thiery, a researcher at the Ethereum Foundation, to discuss EIP-7805 and the implementation of FOCIL (Fork-Choice Enforced Inclusion Lists). Thomas explains how the rise of MEV (Maximal Extractable Value) has created a centralized builder market where a few actors now control over 85% of Ethereum's block production, creating a dangerous bottleneck for censorship. FOCIL addresses this by empowering a decentralized committee of 16 validators to mandate transaction inclusion, making any block that ignores these lists invalid.

They explore the "Tornado Cash" moment and the risks of "silent censorship" for competitive or regulatory reasons. Thomas explains why FOCIL intentionally prioritizes the public mempool over MEV-heavy transactions to prevent the system from being co-opted. Finally, the conversation looks at the future of the Ethereum roadmap, including the Osaka fork and the technical trade-offs between inclusion lists and long-term privacy solutions like encrypted mempools.

Topics

• 00:00 Intro & FOCIL

• 04:15 MEV & Centralization

• 09:30 The Builder-Searcher Pipeline

• 15:00 Silent Censorship Risks

• 21:45 FOCIL Architecture & Committees

• 27:10 Validity Rules for Attestors

• 35:20 Spam Protection & Invalid TXs

• 42:15 FOCIL vs. Encrypted Mempools

• 49:00 EIP-7805 Status & Fork Timelines

• 55:30 Future: PQC & ZK EVM

Links

• Thomas Thiery on X: https://x.com/soispoke

• Ethereum Foundation: https://ethereum.foundation/

• EIP-7805 (FOCIL): https://eips.ethereum.org/EIPS/eip-7805

• Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

In this episode, we are joined by Zach Abrams, CEO of Bridge, to unpack the infrastructure behind the next generation of global payments. Zach discusses Bridge’s mission to move stablecoins beyond mere trading use cases and into core financial services, a vision that recently led to its landmark acquisition by Stripe . He explains how stablecoins function as an innovation at every layer of the money stack, enabling payments that are fundamentally faster and cheaper than legacy systems like ACH or SEPA.

They delve into the technical "puzzle pieces" of payments, from the inefficiencies of FBO bank accounts to the "cheat code" of compounding growth in the stablecoin sector. Zach introduces the concept of Stablecoin Orchestration and details why the current USDC/USDT duopoly is unaligned with high-velocity payments due to rent-seeking burn fees and AUM-focused models . Finally, the conversation explores the future of consumer finance, where non-custodial wallets act as bank replacements and a pluralistic ecosystem of local, company-issued stablecoins challenges the dominance of the US dollar

Topics

• 00:00 Intro & Context
• 04:15 Legacy Rails vs. Stablecoin Innovation
• 09:30 The "Cash App" Hack & Payments Creativity
• 15:00 Why Bridge Joined Stripe
• 21:45 Maslow’s Hierarchy of Startup Needs
• 27:10 Stablecoin Orchestration & Issuance Explained
• 35:20 The Duopoly Problem: Why USDC/USDT Isn't Enough
• 42:15 Orthogonal Competition: The "Europe" of Stablecoins
• 49:00 Wallets as the New Primary Bank Account
• 55:30 Regrets of a "Child of the Depression" Founder

Links

• Zach Abrams on X: https://x.com/ZCAbrams
• Bridge: https://bridge.xyz
• Stripe: https://stripe.com
• Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

In this episode, recorded live at Buidl Europe 2026, host Sebastian Couture leads a panel with Ben Lakoff (Bankless Ventures), Richard Muirhead (Fabric Ventures), Aurora Orellana (G20 Strategies), and Matthew Arrow (Dark Forest). Together, they tackle the existential question facing the industry: can Cypherpunk values like self-custody and permissionless survive as multi-billion dollar institutions become the primary drivers of adoption?

The discussion delves into the tension between individual sovereignty and the regulatory reach of organizations like the FATF, which they describe as a "Goliath" accountable to no one. They explore the concept of the "DeFi Mullet" a centralized user interfaces powered by decentralized backends and how privacy tech is becoming essential not for institutions seeking defensible competitive moats. Finally, the conversation looks at how global competition between jurisdictions will define the next decade of financial freedom and what it truly means to be a Cypherpunk in 2026. 

Topics

• 00:00 Intro & Context
• 04:15 Cypherpunk Values in an Institutional World
• 09:30 Permissionless Deployment & Self-Custody
• 15:00 The Regulatory Spectrum: KYC vs. Freedom
• 21:45 The FATF & Global Financial Surveillance
• 27:10 Jurisdictional Competition & Portability
• 35:20 Selling Privacy to Institutions vs. Individuals
• 42:15 The DeFi Mullet & Atomic Settlement
• 49:00 Barriers to Entry: Legacy Mainframes & Career Risk
• 55:30 What it Means to be a Cypherpunk in 2026

Links

• Ben Lakoff on X: https://x.com/benlakoff
• Richard Muirhead on X: https://x.com/RichardMuirhead
• Matthew Arrow on X: https://x.com/mattarrow 
• Bankless Ventures: https://bankless.ventures/
• Fabric Ventures: https://www.fabric.vc/
• Gnosis: https://gnosis.io/
  

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

In this episode, host Brian Crain is joined by Gracy Chen, CEO of Bitget, to discuss the exchange's rapid ascent and its ambitious roadmap for 2026. Gracy shares her journey from a mathematics background and journalism into the C-suite of a top-tier exchange, detailing Bitget's growth from a team of 150 to over 2,200 employees. She outlines the concept of the "Universal Exchange" (UEX) a unified platform where the boundaries between crypto, tokenized equities, and commodities effectively disappear.

They explore how Bitget is leveraging Generative Engine Optimization (GEO) and AI-driven advisory tools like Get Agent to redefine user acquisition and trading intelligence. Gracy also provides a candid outlook on the "altcoin fading" phenomenon, arguing that the market is shifting toward blue-chip assets and real-world utility. Finally, they discuss the immense challenges of global regulatory compliance, including Bitget’s priorities for securing MiCA licenses and navigating a potential entry into the complex US market.

Topics

- 00:00 Intro & Crypto Beginnings

- 05:45 The Origin of Bitget

- 10:15 The "Universal Exchange" (UEX) Vision

- 16:30 Tokenized Stocks vs. TradFi Brokers

- 22:00 Competition: CEX, DEX, & Robinhood

- 28:15 AI in Trading: Get Agent & GEO

- 34:40 The State of Altcoins in 2026

- 41:00 Global Compliance: MiCA & US Markets

- 55:30 2026 Market Predictions

Links

- Gracy Chen on X: https://x.com/GracyBitget

- Bitget: https://www.bitget.com/

- Bitget Wallet: https://web3.bitget.com/

- Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

In this episode, hosts Sebastien Couture, Brian Crain, and Friederike Ernst gather for their annual wrap-up to discuss the end of the "infinite money glitch": the era where tokens traded at billions without proven product-market fit. They explore the 2025 "spring cleaning" that devastated the altcoin market and the quiet, efficient entry of web2 incumbents like Revolut and Stripe. The discussion centers on the industry's maturation into a space where protocols are finally judged on their ability to generate real revenue and growth.

The team analyzes the 2025 "spring cleaning" of altcoins alongside Polymarket’s mainstream breakout. As giants like Stripe and Revolut scale crypto integrations, the hosts debate if consolidating distribution power is diluting the original promise of decentralized agency. Finally, they address the existential quantum threat to Bitcoin and share their 2026 "hot takes.

Topics

• 00:00 Intro & Notable Memories
• 04:30 The Bybit Hack & Price Action
• 08:15 Polymarket & The Mainstream Breakout
• 12:00 The Altcoin "Spring Cleaning"
• 18:45 Axelar & The Circle Acquisition
• 25:30 Incumbents: Back-end Upgrades vs. Values
• 33:15 Social Media & The Economics of Attention
• 42:00 Staking Consolidation & Distribution Power
• 50:30 The Quantum Threat to Bitcoin
• 58:45 2026 Predictions: RWAs & Perps

Links

• Sebastien on X: https://x.com/seb3point0
• Brian on X: https://x.com/crainbf
• Friederike on X: https://x.com/tw_tter
• Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

In this episode, host Sebastian Couture is joined by Ismael Hishon-Rezaizadeh, CEO of Lagrange, to explore the intersection of frontier cryptography and national security. Ismael discusses the transition of zero-knowledge (ZK) technology from a "token-centric" crypto tool to a vital component of defense, specifically focusing on its role in securing autonomous drone swarms and closing the hypersonic missile gap.

They delve into Deep Proof, Lagrange's ZK-machine learning library, which facilitates verifiable AI execution while protecting sensitive model intellectual property and private input data. Ismael introduces the concept of "Accountable Autonomy," arguing that cryptographic proofs are necessary to ensure that lethal "kill chain" decisions are made by the correct models under verified inputs, removing the risks inherent in "black box" AI decision-making. Finally, the conversation touches on the geopolitical competition with China, the importance of domestic chip manufacturing, and why the US market's ability to align private sector innovation with military needs is a decisive strategic advantage.

Topics

• 00:00 Intro & Context
• 04:15 ZKML vs. Venice
• 09:30 Protecting Model IP
• 15:00 Dual-Use Defense Pivot
• 21:45 The Palantir Comparison
• 27:10 US-China Chip Race
• 35:20 Drone Swarm Consensus
• 42:15 Accountable Autonomy Explained
• 49:00 Kill Chain Verifiability
• 55:30 EU vs. US Defense

Links

• Ismael on X: https://x.com/Ismael_H_R
• Lagrange Labs: https://www.lagrange.dev/
• Anduril Industries: https://www.anduril.com/
• Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

Fresh off the launch of the Ignition Chain and a successful community-led $61M token sale, Aztec Network co-founder Zac Williamson joins Friederike Ernst to unpack the "existential" journey of building programmable privacy. Zac opens up about the "sacrificial altar" moment where the team decided to kill their live product, Aztec Connect which had 60k users because they realized true decentralized privacy required rebuilding from scratch rather than iterative upgrades.

They dive deep into the architecture of the new network, which utilizes a hybrid state model (encrypted UTXOs for privacy, public accounts for transparency) to enable composable applications. Zac challenges the cryptographic dogma of "don't roll your own crypto," arguing that for pioneers, relying on "battle-tested" libraries is impossible. He explains why decentralized sequencers are not just a moral choice but a security necessity to prevent government-mandated backdoors.

Finally, Zac contrasts the chaotic but decentralized resistance to surveillance in the US with the increasing top-down control in the UK and Europe, framing Aztec as essential "defense in depth" for the digital age.

Topics

• 00:00 Intro 
• 03:45 The "Sacrificial Altar": Killing Aztec Connect
• 10:15 Hybrid Architecture: UTXOs vs. Accounts
• 16:30 Why You Must "Roll Your Own Crypto"
• 22:00 Decentralization as a Defense Against Backdoors
• 28:15 Performance: Throughput & Latency Trade-offs
• 34:40 Private Smart Contracts: Gaming & Identity
• 41:00 The Macro View: US vs. EU Surveillance

Links

• Gnosis: https://gnosis.io/
• Zac Williamson on X: https://twitter.com/Zac_Aztec
• Aztec Network: https://aztec.network
• Noir Language: https://noir-lang.org
  

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

Ethereum co-founder Joe Lubin joins Friederike Ernst to discuss why we are at the "end of a supercycle," a chaotic transition period where legacy institutions are finally adopting blockchain rails not just for efficiency, but for survival. They explore the "inevitable convergence" where the US government may actively rely on stablecoins to absorb debt, effectively using crypto to extend the lifespan of the dollar. At the same time, banks scramble to compete with self-custodial wallets.

Joe also details the structural evolution of Consensys, from an "organic blob" incubating projects like Gnosis to a focused software powerhouse. He differentiates Linea from competitors by highlighting its commitment to permissionless innovation where anyone can deploy a rollup without a "sign-off". He shares his vision for MetaMask evolving into a user-owned "full-service bank.

Topics

• 00:00 Intro & Paradigm Shift
• 04:15 Crypto-Anarchy vs. Enterprise
• 10:30 Banks & Stablecoins
• 16:00 The Economic Supercycle
• 24:45 Consensys History & Spin-outs
• 33:20 Linea & Decentralization
• 42:15 L1 Scaling & ZK
• 48:00 Permissionless Rollups
• 55:30 Future Optimism

Links

• Joe Lubin on X: https://twitter.com/ethereumJoseph
• Consensys: https://consensys.io
• Linea: https://linea.build
• MetaMask: https://metamask.io
• Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

Quantum computing is often dismissed as a distant sci-fi future, but Ethereum OG John Lilic and Oxford physicist Stefano Gogioso argue the timeline is shrinking fast with roadmaps converging around 2030. In this episode, they break down the "woeful" state of quantum readiness in crypto, explaining how Shor's algorithm could eventually shatter the elliptic curve cryptography protecting Bitcoin and Ethereum.

They also explore the terrifying concept of "harvest now, decrypt later," which implies that encrypted data and privacy coins like Monero may essentially be compromised already. Finally, they introduce "Quantum Money," a revolutionary form of digital cash developed by Stefano’s startup NeverLocal, which relies on the laws of physics rather than blockchain consensus to prevent double-spending.

Topics

• 00:00 Intro

• 03:00 John’s Quantum Awakening

• 08:00 Defining Quantum Computing

• 13:30 Logical Qubits Explained

• 18:15 Crypto’s "Woeful" Readiness

• 23:30 "Harvest Now" Threat

• 28:45 Monero’s Privacy Risk

• 33:15 What is Quantum Money?

• 40:00 Investment & Hedging

Links

• John Lilic on X: https://x.com/LilicJohn

• Stefano Gogioso on X: https://x.com/StefanoGogioso

• NeverLocal: https://neverlocal.com

• Quantum.info: https://quantum.info

• Gnosis: https://gnosis.io/

Sponsors:

Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

“DevConnect 2025 was about touching and feeling Ethereum IRL”Nathan Sexer, lead of the DevConnect 2025 and Events team at the Ethereum Foundation, gives a peek into the largest iteration of Devconnect ever, with 20,000 attendees, and why the team pivoted to a "World's Fair" format, creating tangible districts for DeFi and Privacy to let attendees truly "touch and feel" the ecosystem.

The conversation gets real about the friction of the physical world. He explained why Argentina’s crypto-native culture makes it the perfect host, how hyperinflation fueled bottom-up adoption, and even the venue-wide internet failure became an accidental "feature," breaking the on-screen silos and pushing genuine face-to-face connections.

A massive geopolitical win was how the team worked with the government to issue 1,000+ visas for attendees from over 130 nationalities to make this event in the true spirit of borderless crypto.

The Ethereum Foundation is heading to Mumbai in 2026! The goal for India is to unify a fragmented developer diaspora and bring regulatory attention to one of the world's most critical tech hubs.

Topics

• 00:00 Intro & Scale
• 04:15 World's Fair Concept
• 09:50 Why Argentina?
• 14:30 Operational Challenges
• 18:15 Internet Blackout
• 22:00 Booth Renaissance
• 28:30 Privacy Priority
• 33:00 Devcon Mumbai
• 37:40 Indian Developers

Links

• Devcon Twitter/X: https://twitter.com/EFDevcon
• Nathan Sexer on X: https://x.com/nethan_eth
• Ethereum Foundation: https://ethereum.org
• Gnosis: https://gnosis.io/

Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io

At DevConnect 2025, Sebastian and Friederike speak with Peter Van Valkenburgh about the rapidly evolving battle for digital rights. Peter challenges the industry's comfort with transparency, arguing that "transparency will destroy neutrality." He uses the history of SWIFT to illustrate how a once-neutral messaging system was captured by geopolitical interests because it wasn't "technically blind" to the data it processed. He argues that for blockchains to survive as global settlement layers, they must be "actually blind" to transactions, making neutrality a technical reality rather than a policy choice.

The conversation turns to the aggressive legal tactics currently deployed against developers. Peter highlights the Pereira Bueno case, where prosecutors charged MEV searchers with wire fraud for being "dishonest validators" a concept Peter argues completely undermines the game-theoretic security of permissionless networks. He also breaks down the mixed bag of Tornado Cash litigation. While the sanctions against the protocol were successfully challenged and invalidated for Americans, the criminal conviction of developer Roman Storm for "unlicensed money transmission" sets a terrifying precedent for anyone publishing open-source code.

On a constructive note, Peter introduces Coin Center's "John Hancock Project," which advocates for replacing the current, ineffective KYC/AML regime (which seizes less than 1% of illicit funds) with a system based on privacy-preserving attestations and self-sovereign risk scores. Finally, Peter shares surprising optimism regarding the US Securities and Exchange Commission (SEC). He notes that under the influence of Commissioners Hester Peirce and Paul Atkins, the agency has shifted from an aggressive adversary to a potential ally, openly discussing the benefits of full asset tokenization and the constitutional necessity of financial privacy.

Topics

• 00:00 The Telegram vs. Signal security rant
• 05:15 The "Transparency Paradox": Why transparent Layer 1s cannot remain neutral in the long run

• 10:40 The SWIFT Analogy: How a neutral messaging layer became a politicized settlement enforcer

• 15:50 The Pereira Bueno Case: Why labeling MEV strategies as "wire fraud" threatens all validators
• 23:10 L2 Sequencing Risks: Centralization and the need for "dumb pipes"
• 28:30 The Failure of KYC: Why 99.8% of illicit funds are missed and the cost of mass surveillance
• 35:00 The "John Hancock Project": Using ZK-proofs and attestations to replace identity surveillance
• 42:15 Tornado Cash Update: Sanctions invalidated vs. the dangerous precedent of Roman Storm’s conviction
• 49:00 The SEC's 180: Hester Peirce, Paul Atkins, and the push for tokenized equities

Links mentioned in the episode:

• Gnosis: https://gnosis.io/
• Coin Center: https://www.coincenter.org
• Epicenter - All Episodes: https://epicenter.tv/
• Report: Tear Down This Walled Garden: https://www.coincenter.org/tear-down-this-walled-garden/
• Pereira Bueno Amicus Brief: https://www.coincenter.org/amicus-brief-mev-wire-fraud/
• Peter on X: https://x.com/valkenburgh
• Sebastian on X: https://x.com/seb3point0
• Friederike on X: https://x.com/tw_tter

Sponsors:Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at http://gnosis.io