QuantLayer Podcast
In this podcast, hosts Vikram Ramakrishnan and Faizaan Shamsi, partners at the software consultancy QuantLayer, talk to investors and builders of the cryptocurrency arena. We discuss how industry participants think about crypto assets, how they uncover fraud in the market, and which technologies will turn the budding, nascent crypto space into the revolutionary powerhouse early market participants had hoped for.
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Bringing Traditional Tooling Services to Serverless
02/11/2020
Bringing Traditional Tooling Services to Serverless
As software teams begin to migrate to serverless, they will require more in the way of serverless specific tooling: cost tracking, alerting, monitoring, and so on. Here, we look at a number of serverless tooling providers and discuss what they bring and how they will compete with traditional tooling services. Topics: Installable versus Hosted Platform On Hosted Platform Tooling providers - CloudZero - Dashbird - Hasura GraphQL Engine - IOpipe - Iron.io - lumigo - Node Lambda - SCAR - Sigma - Stackery - Thundra On framework On security - Protego - Threat Stack On Installable Platform Links: Hosted Platform - Tools - Framework - Security - Installable Platform -
/episode/index/show/quantlayer/id/13105073
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AWS, GCP, and Azure: The Tradeoffs of Serverless Architectures
01/22/2020
AWS, GCP, and Azure: The Tradeoffs of Serverless Architectures
Serverless has caused a massive shift in approaches to application design. On this episode, we explore what serverless gives teams, and the tradeoffs involved in going the serverless route. We cover players like Amazon AWS, Google GCP, and Microsoft Azure, and what else is in store for the space. Topics: What Serverless is On their benefits Monolithic versus microservices architectures How might development teams work on serverless applications versus traditional ones On tradeoffs of Serverless Business benefits of Serverless The drawbacks Links: Serverless - What is Serverless? - Squadex -
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Databases and NoSQL: MongoDB’s Approach to Companies with Scaling Data Requirements
12/10/2019
Databases and NoSQL: MongoDB’s Approach to Companies with Scaling Data Requirements
Relational databases versus NoSQL is of interest today given growing data requirements for businesses. Real-time, internet of things, storing geodata, financial data are examples where traditional relational databases don’t make the cut required for modern systems. We discuss the successes and failings of relational databases, and how MongoDB’s approach to NoSQL data structures allow them to serve specific customer problems with specialized solutions. We look at some customer case studies and finish up with their business model. Topics: What MongoDB is Their database Their overview What are the benefits Customer case studies On their solution Growth Strategy Links: Last 10K - Last 10Q - Prospectus - Ycharts financials -
/episode/index/show/quantlayer/id/12343127
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Cloud Computing at the Edge: An Overview of Fastly (FSLY)
11/25/2019
Cloud Computing at the Edge: An Overview of Fastly (FSLY)
Edge computing is a topic that isn’t getting enough coverage. We’ve covered CDNs like CloudFlare before, but we wanted to look at Fastly, an edge computing player that went public early in 2019. On this episode, we cover edge computing topics like rapidly purged caching. We run through a few case studies of the value edge computing brings some of Fastly’s customers. We discuss major risks that the company might face and postulate on why we think they’re trading at a discount compared to other SaaS companies like CloudFlare ($NET) and Elastic ($ESTC). Topics: QuantLayer Mission Statement Analysis Case studies they mention in their prospectus On their section called, "Our Solution: The Developer's Edge" How they categorize their strenghts Who are their competitors and how to they sit there Major differences versus Cloudflare On their sections called, "Factors Affecting Our Performance" Faizaan's major concerns about Fastly Links: Prospectus - Latest 10Q - Fastly is An Under Appreciated Growth Story - Fastly Blog -
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Financial Services APIs and Silvergate Capital
11/18/2019
Financial Services APIs and Silvergate Capital
There has been a lot of interest around developer-first banking APIs recently. On this episode, we go over recent tech IPO Silvergate Capital (ticker $SI), which is a digital currency focused bank and settlement network. We discuss their business, particularly around digital currency initiatives and their Silvergate Exchange Network (or SEN). We get into the weeds of what it means to claim to be an API first financial services company. Enjoy the episode. Topics: On Silvergate Capital QuantLayer mission statement analysis Overview of Silvergate Capital Digital Currency Initiative Silvergate Exchange Network What their API offers Growth strategy Risk factors Links: Prospectus - Silvergate Capital - Banking APIs - Open Banking Platform by Silvergate Bank - Silvergate Sandbox API -
/episode/index/show/quantlayer/id/12074639
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Chips, Chips, Chips: Canaan Mining, NVIDIA, AMD, ASICs, GPUs, AI and ML chipmakers
11/13/2019
Chips, Chips, Chips: Canaan Mining, NVIDIA, AMD, ASICs, GPUs, AI and ML chipmakers
Recently, there has been a lot of recent interest in customized semiconductors. Bitcoin mining has highlighted the interest in ASICs, or application specific chips, and as we move up the customized application layer stack, discussion of AI and ML chips becomes necessary. On this episode, we look at Canaan Mining, a chinese Bitcoin mining chip manufacturer. And we look at them in the context of growing trends in AI and ML chips. We compare and contrast AMD and NVIDIA and discuss the new growth in startups in the traditionally capital intensive space. We finish up with what you should be on the lookout for when considering investing in chip manufacturers. Topics: Canaan F1 On their mission statement Quick overview on Canaan Industry overview Overview of bitcoin and blockchain mining economics AI and ML chips What CPU is What GPU is What ASIC is What TPU is On their risk factors Links: History and Corporate Structure - Canaan.io - IPO prospectus - Canaan Creative - SEC Form F-1 - Specialized AI Chips Hold Both Promise and Peril for Developers - NVIDIA Gross Profit Margin -
/episode/index/show/quantlayer/id/12018287
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Discussing a Parallel Financial System with Barney Mannerings from Vega Protocol
11/05/2019
Discussing a Parallel Financial System with Barney Mannerings from Vega Protocol
On this episode, we speak with Barney Mannerings, founder of Vega Protocol, which is a blockchain product initially focused on derivatives markets. Barney understands this space really well, and it was a pleasure talking to him about what he’s building at Vega. Broadly, we discuss the DeFi, or Parallel Financial System, space, and Barney talks to us about why he thinks this space is important. He explains how Vega, in many ways, augments and replaces some exchanges, and how it serves as an integration layer with other protocols. We finish up with some areas of tech that Barney is excited about outside of crypto. Topics: Barney's background All about his company, Vega Parallel Financial System Why DeFi is important Thoughts on building ETH versus BTC Which derivatives does Vega support currently Types of derivatives users could create Market map How ETH moving to ETH 2.0 would affect DeFi business Upcoming product roadmap Links: Vega Protocol - Twitter - Vega Protocol - Twitter - Barney -
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Datadog: A Developer Friendly Monitoring and Analytics Product or Ecosystem?
10/29/2019
Datadog: A Developer Friendly Monitoring and Analytics Product or Ecosystem?
On this episode, we dig into Datadog’s (Ticker: DDOG) IPO prospectus. We discuss their approach to analytics and monitoring, and how companies can benefit from using them. We look at a few case studies of how companies derive value from their product, and one in particular, that can generate value from its use. We also run through their developer-friendly offering and how quickly the product can be incorporated into a system. We spend a little time with their financials and then discuss our view of thinking about them as a product versus an ecosystem. Topics: What Datadog is Anecdotes of personal use with Elixir On their IPO prospectus - Industry Background - Opportunity - Solution and Key Strengths - Key Benefits to Our Customers - Growth Strategies - Risk Factors Links Datadog - IPO prospectus - Chart - #54: Content Delivery Networks, DDOS Protection and Bot Fighting: CloudFlare as a Web Performance and Security Company - #38: A Look at CrowdStrike’s IPO Prospectus and Their Approach to Endpoint Security - #15: Open Source as Revenue Driver: How Elasticsearch Uses Open Source for Revenue Growth, Tech Investing and Crypto, a Cautionary Tale of Bad Crypto Trading Psychology and Flash Crashes -
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Content Delivery Networks, DDOS Protection and Bot Fighting: CloudFlare as a Web Performance and Security Company
10/21/2019
Content Delivery Networks, DDOS Protection and Bot Fighting: CloudFlare as a Web Performance and Security Company
We go over the CloudFlare IPO prospectus, which calls itself a “Web Performance and Security Company.” We discuss their mission statement, their stated competitive advantages, risks they may face and a quick overview of their financials. Topics: The Web Performance and Security Company Cloudflare's mission Companies putting mission statements int their prospectuses How would an early stage startup use Cloudflare versus a Fortune 500 On "Our Industry" section On "Why We Win" section Disruptive Business Model Ease of Use Efficient Go-to-Market Model Product Innovation and Velocity Integrated, Global Offering Trust and Neutrality On "Growth Strategy" section List of concerns that the company and the company's lawyers have Talking about the section title, "Key Business Metrics and Non-GAAP Financial Measures Links: Cloudfare.com - Cloudflare IPO Prospectus - Yogababble | No Mercy / No Malice - Google prospectus -
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How Ron Lichty Manages the Unmanageable: Topics on Software Management, Agile Processes, and Making Software Hum
10/14/2019
How Ron Lichty Manages the Unmanageable: Topics on Software Management, Agile Processes, and Making Software Hum
Software Consultant Ron Lichty joins us to talk about all things software management. Ron has a treasure trove of experience helping teams accelerate and amplify their software practices. We look at the history of waterfall-style projects transitioning to Agile projects. We talk about his time as a product manager at Apple and his work with Charles Schwab at the time they launched their electronic trading platform. Ron articulates his views on the different types of developers out there and how to motivate them. We finish up with a couple areas Ron is excited about: Blockchain and Virtual Reality. Topics: Ron's background History of waterfall-style projects transitioning to Agile projects Charles Schwab interactive tools Talking about Extreme Programming On Scrum Software development is a team sport Differences between this notion of "being agile" versus "doing agile" Case of estimating Talking about Brooke's law On being a good managers Motivators versus de-motivators Effective management at different stages of companies Some interesting technologies and trends that he's optimistic about Links: Ron Lichty's website - Managing the Unmanageable: The Book - Managing the Unmanageable: Amazon - Waterfall Software Development - Agile Software Development - RUP - Harvard Business Review case study on motivating employees - Drive by Daniel H. Pink -
/episode/index/show/quantlayer/id/11630453
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Interoperability in Cosmos’s IBC Protocol with Tendermint’s Zaki Manian
10/07/2019
Interoperability in Cosmos’s IBC Protocol with Tendermint’s Zaki Manian
On this episode, I speak to Zaki Manian from Tendermint. We get deep into the weeds of interoperability, his notions of interop between fast chains and fast and slow chains. We discuss the IBC protocol, which is a spec for adapters between different chains along with all the complexities when dealing with cross-chain communications. Moreover, we examine design and development principles when building product in this space, and the differences when building traditional software product. Zaki goes over some exciting projects that are building on Cosmos as well. Topics: Who Zaki is Talking about interoperability Two classes of blockchains What is Cosmos trying to do Main issues when getting different chains to talk to one another Main design principles when setting out to design the Cosmos network Interesting projects he see people building with Cosmos Talking about consensus system and incentive system Minimal Viable Ecosystem Acceleration talk Links: Cosmos Network - Twitter - Cosmos Network - Telegram - Cosmos Network - Zaki's Twitter - Minimal Viable Ecosystem Acceleration talk at MIT - Cosmos SDK Tutorial - Cosmos Game of Stakes -
/episode/index/show/quantlayer/id/11540192
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A Tour of Blockstack’s Decentralized Computing Network With Aaron Blankstein
09/30/2019
A Tour of Blockstack’s Decentralized Computing Network With Aaron Blankstein
We chatted with Aaron Blankstein, Core Engineer from Blockstack. Blockstack is a decentralized computing network, which makes it simple for developers to build blockchain-based applications. We learn about Blockstack’s incentive system, and what will be changing from v1 to v2. We discuss a few use cases of Blockstack, like the Blockstack Naming Service, or BNS. We also go over Blockstack’s smart contract language Clarity, and the broad tooling that will exist for developers working on the platform. We finish up learning about Aaaron’s fascination with augmented Reality and adversarial machine learning. Topics: Who Aaron is How he describe Blockstack Centralized versus decentralized application architecture What is Blockstack's relationship with Bitcoin How does consensus work in Blockstack What is Blockstack naming system On Clarity smart contracts language Decentralized storage system called Gaia On authentication and how it works JavaScript tools Radiks Blockstack.js Links: Clarity - Blockstack forums - Blockstack - White Paper - Papers - Blockstack - Blackstack Docs - Aaron Blankstein Website - App.co - The Blackstack Javascript -
/episode/index/show/quantlayer/id/11445914
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Building Scalable Derivatives Trading Platforms with Charles Phan of Interdax
09/23/2019
Building Scalable Derivatives Trading Platforms with Charles Phan of Interdax
We chatted with Charles Phan, Chief Technology Officer from Interdax. Interdax is a next generation digital assets exchange with strong engineering roots in High Frequency Trading firms, traditional exchanges, hedge funds, investment banks, market data and liquidity providers. This episode was a lot of fun. We talked about Charles’ background in traditional finance and a prior life as a derivatives trader. We then compare and contrast traditional and crypto derivatives markets. We also talk technical details of perpetual swaps and how they differ from other derivative products. Finally, we discuss the engineering underpinnings of the interdax platform and UX and UI considerations when building the product. We finish up discussing technologies Charles is excited about. Hope you enjoy this one. Topics: Charles Phan's background On derivatives markets and trading Differences between derivatives markets in traditional finance versus crypto On Interdax What his role is at Interdax Building the Interdax Book: by Nassim Taleb Links: Interdax - Twitter -
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A Tale of New Digital Primitives with Ben DiFrancesco
09/16/2019
A Tale of New Digital Primitives with Ben DiFrancesco
Ben DiFrancesco, software consultant and founder of scopelift, joins us on this one. Two things we really respect about Ben are his ability to break down complex technical topics and also his ability to be honest about what crypto and blockchain offer us. He’s at heart, a technologist, and his passion for and dedication to crypto is palpable. This conversation contains a bit of philosophy around Bitcoin and Ethereum, particularly around how polarized the two spaces have become. We get into Bitcoin and Ethereum’s respective reasons for existing and how they can work together, how developers can use these new digital primitives to build applications, and business opportunities in the space. We also cover DeFi, and how smart contracts enable Maker and Dai. Always enjoy talking to Ben, and I hope you enjoy this one. Topics: Smart Contracts & use cases that excite him BTC + ETH working together DeFi movement Crypto Primitives Quality of Web Dev versus Crypto tooling ETH and “rich statefulness” and what that means Some techs outside of blockchain and crypto that he is excited about Links: Ben’s twitter: Ben’s consultancy ScopeLift: Newsletter: Podcast #1: - - - Philly Blockchain Tech Meetup: Austin Griffith: Mastering Bitcoin: Mastering Ethereum:
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A Recap of Blockchain Training Conference 2019
09/09/2019
A Recap of Blockchain Training Conference 2019
We recap our attendance at the Blockchain Training Conference last week. We cover the CryptoCurrency Certification Consortium (C4)’s new certifications and their conference’s emphasis on developer and professional education. We also look at the slew of great talks on The Lightning Network, bitcoin privacy, and smart contracts. Topics: What does C4 stands for Keynote w/ Pamela Morgan and Andreas M. Antonopoulos Announcement: Mastering the Lightning Network C4 and it's Purpose CBP Prep Course w/ Andreas Lightning Network Payment Channels Update w/ Renee Pickhardt Crypto for Creatives w/ Stephanie Murphy Clash of Expectations - UX and usability Bitcoin Privacy On and Offchain w/ Janine Römer Blockchain Analysis versus Surveillance Wyoming’s blockchain laws Law and the Lightning network - Peter van Valkenburg, Coin Center Joining the Lightning Network w/ Beatrice Leung, Project Manager at Radar Advanced Lightning Applications w/ Olaoluwa Osuntokun, CTO at lightning labs aka roasbeef Links: CryptoCurrency Certification Consortium (C4) - Standards | CryptoCurrency Certification Consortium (C4) - Blockchain Training Conference - Mastering Lightning Network Book on Github - PrivacyTools.io - That One Privacy Site - Developer Tools - Radar ION - radar.tech - Onboarding - Radar ION - radar.tech -
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Dr. Ed Felten and Offchain Labs: Second Layer Solutions for Smart Contracts
09/03/2019
Dr. Ed Felten and Offchain Labs: Second Layer Solutions for Smart Contracts
Dr. Ed Felten is a professor of Computer Science at Princeton, he’s served as Chief Technologist at the FTC and Deputy CTO at the White House. He’s also the cofounder of Offchain Labs, a Princeton-based startup that’s focusing on 2nd layer smart contract solutions to improve scalability. This was one of our favorite conversations to date. We discuss smart contracts and their current problems. We discuss Arbitrum, Offchain Labs’ solution to the smart contract scaling problem which uses a system of validators to provide a guarantee to smart contract participants. Moreover, we discuss at length how their AnyTrust guarantee works, and why only a single validator is needed to maintain a working system. We also go through how an existing dApp can get ported over to Arbitrum. Finally, we talk high level tech themes: How technology and public policy are becoming more and more interconnected, how technology advising will become more and more important over time, and other technologies he’s really optimistic about. It’s a really packed episode. Enjoy. Topics: On the idea of "Bitcoin works in practice, but not in theory" Smart contracts Primary problems with smart contracts Real world applications of smart contracts What Offchain Labs is doing with smart contracts Arbitrum & Validators Porting Existing dApp to Arbitrum Offchain business model On blockchain Academia to Industry Advisor to Obama Administraion On his co-authored paper titled, "A Cryptographic Escrow for Treaty Declarations and Step-by-Step Verification" Optimistic technologies people don't know about Links: Coursera course: - - Github: Whitepaper: Twitter: Princeton website:
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Domain Driven Design, Language and DevOps for Distributed Systems with CircleCI’s Rob Zuber
08/27/2019
Domain Driven Design, Language and DevOps for Distributed Systems with CircleCI’s Rob Zuber
We have Rob Zuber, CTO from CircleCI on. A lot of the projects we work on implement CircleCI, so we were super excited to speak to Rob. We talk about his background and how he became part of CircleCI through an acquisition. We also get into one of his favorite topics: language. Particularly the words that are used in projects, and how important they are for workflow. We also discuss “Domain Driven Design,” or the idea that when creating a layer of functionality, to keep it bounded within its domain so other layers don’t creep into it. This was an engineering heavy episode that was a lot of fun. Hope you enjoy this one. But before we get to the conversation, here’s a word from a sponsor, Blockchain Training Conference, that I’m really excited about. What if there was an educational industry conference, where all of the sessions were focused on teaching you something instead of selling you something? There is and it’s Blockchain Training Conference 2019. It’s going to be hosted August 28th to the 30th in Denver, Colorado. BTC2019 offers every attendee the chance to leave certified and confident in their understanding of blockchain technology. Move past the jargon to gain a robust understanding of blockchain and cryptocurrencies with master classes taught by industry luminaries like Andreas M. Antonopoulos, René Pickhardt, Jameson Lopp, Pamela Morgan, and many others. Register today and learn more at . We also have a coupon code for our listeners that you can use to get a 10% discount for the conference: quantlayer10 Go to and hit buy on your ticket, and put in the coupon code quantlayer10 (that’s Q U A N T L A Y E R and the number 10). We are going to be at this conference in August, so reach out if you will be there as well. Would love to meet in meatspace. Topics: Rob's background & early time at CircleCI Other technical problems they had to deal with On his favorite topics: Language Concepts he highlighted on his talked, "Words Matter: Ubiquitous Language and Throughput" Domain Driven Design On developer tools and product development around those tools On his blog: Predictions for 2018 from Rob Zuber, CTO at CircleCI Books: by Eric Evans by Vaughn Vernon by Eric Ries by Erich Gamma Links: CircleCI: Rob’s twitter: Predictions for 2018 from Rob Zuber, CTO at CircleCI: “Words Matter: Ubiquitous Language and Throughput”: What it means to be remote-first vs. remote-friendly - High performing engineering teams: Devops: 10 ways you’re doing devops wrong:
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Opening Up the Black Box of Insurance: Wunderite and Programmatic Data Aggregation
08/19/2019
Opening Up the Black Box of Insurance: Wunderite and Programmatic Data Aggregation
On this episode, we have Peter MacDonald and Joe Schnare from Wunderite, an insurance startup based in Boston. This was a really interesting conversation around how they are improving insurance workflows for agencies around the country through programmatic data aggregation. We talk about their backgrounds, get into the details of the black box industry known as insurance, and how they work with customers on product development. I learned a lot from this conversation. Enjoy. But before we get to the conversation, here’s a word from a sponsor, Blockchain Training Conference, that I’m really excited about. What if there was an educational industry conference, where all of the sessions were focused on teaching you something instead of selling you something? There is and it’s Blockchain Training Conference 2019. It’s going to be hosted August 28th to the 30th in Denver, Colorado. BTC2019 offers every attendee the chance to leave certified and confident in their understanding of blockchain technology. Move past the jargon to gain a robust understanding of blockchain and cryptocurrencies with master classes taught by industry luminaries like Andreas M. Antonopoulos, René Pickhardt, Jameson Lopp, Pamela Morgan, and many others. Register today and learn more at . We also have a coupon code for our listeners that you can use to get a 10% discount for the conference: quantlayer10 Go to and hit buy on your ticket, and put in the coupon code quantlayer10 (that’s Q U A N T L A Y E R and the number 10). We are going to be at this conference in August, so reach out if you will be there as well. Would love to meet in meatspace. Topics: Peter and Joe’s background The reason why they are interested in insurance Broad problems overall with the insurance industry that Wunderite is solving Industry verticals that they're focusing on Couple case studies on insurance workflow before Wunderite, and how that changed after On their sales process and how they decide who to reach out to Some big wins they’re happy about and some learning lessons they would have approached differently On regulatory concerns On their business model Are they looking to raising capital What they're looking forward to next Links Wunderite - Wunderite Blog - BNT presentation -
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Andreas M. Antonopoulos and Blockchain Teaching Pedagogy: The CryptoCurrency Certification Consortium and Blockchain Training Conference
08/12/2019
Andreas M. Antonopoulos and Blockchain Teaching Pedagogy: The CryptoCurrency Certification Consortium and Blockchain Training Conference
We speak with Andreas Antonopoulos, author of Mastering Bitcoin, The Internet of Money, and Mastering Ethereum, and also board member at the CryptoCurrency Certification Consortium, known as C4. C4 will be hosting the Blockchain Training Conference in Denver, Colorado at the end of August. In this conversation, we learn about the conference, how Andreas thinks about blockchain teaching pedagogy, and the certifications that C4 is offering now: the Certified Bitcoin Professional (or CBP) certification and the CryptoCurrency Security Standard (or CCSS) certification. We learn all about the certifications and what they allow the holder to do. Always a pleasure to talk with Andreas. If you enjoyed this one, please rate and review us on iTunes. It would help us out a lot. Thanks for listening to the episode. But before we get to the conversation, here’s a word from a sponsor, Blockchain Training Conference, that I’m really excited about. What if there was an educational industry conference, where all of the sessions were focused on teaching you something instead of selling you something? There is and it’s Blockchain Training Conference 2019. It’s going to be hosted August 28th to the 30th in Denver, Colorado. BTC2019 offers every attendee the chance to leave certified and confident in their understanding of blockchain technology. Move past the jargon to gain a robust understanding of blockchain and cryptocurrencies with master classes taught by industry luminaries like Andreas M. Antonopoulos, René Pickhardt, Jameson Lopp, Pamela Morgan, and many others. Register today and learn more at blockchaintraining.org. We also have a coupon code for our listeners that you can use to get a 10% discount for the conference: quantlayer10 Go to and hit buy on your ticket, and put in the coupon code quantlayer10. We are going to be at this conference in August, so reach out if you will be there as well. Would love to meet in meatspace. Topics How they decided to do the Blockchain Training conference What a Blockchain Training conference is What are they focusing more on 2019 conference versus 2016 conference How they produce keys Talking about the workshops How they figured out the programming Pedagogical philosphy On certifications Certified Bitcoin Professional CryptoCurrency Security Standard What do the certifications get you Topics they would have liked to see On their long term goals Links Blockchain training conf: Certification Information: Andreas Antonopoulos twitter: Our last Podcast with Andreas: Mastering Bitcoin: The Internet of Money: The Internet of Money Volume 2: Mastering Ethereum:
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Chainweb, Pact, and Hybrid Blockchains with Kadena’s Stuart Popejoy
08/05/2019
Chainweb, Pact, and Hybrid Blockchains with Kadena’s Stuart Popejoy
We speak with Stuart Popejoy co-founder from Kadena. This was a really great technical conversation around the hybrid public-private blockchain that Kadena is building with their Chainweb platform and LISP inspired smart contract language Pact. We cover how traditional finance firms incorporate new technologies into their workflow, real world use cases of Kadena, and what’s happening in the Enterprise. We also get into the technical details of Chainweb’s Proof-of-Work consensus system and the importance of writing safe code, which is an underpinning of the Pact language. Topics: What Kadena is His background, genesis story/interest in blockchain Given his experience at JPM, how do large banks approach using new technologies What is the vetting process at a bank like to incorporate a new tech Real world use cases of Kadena How he thinks about keeping things simple, designing a language for non-developers High level overview of Kadena All the key components of Kadena TPS vs. predictable availability Private vs. Public blockchain vs. Hybrid blockchains What are the things that are being built in Enterprise Your decentralized vision / pie in the sky type of thoughts around what things will look like For developers who want to work with Kadena, what steps would your recommend they take Links: GH Repo: Deal w/ USCF: Pact Language Tutorial: REPL: Key features: The EVM Is Fundamentally Unsafe - Kadena - Medium - A word from a sponsor we’re really excited about. What if there was an educational industry conference, where all of the sessions were focused on teaching you something instead of selling you something? There is and it’s Blockchain Training Conference 2019. Hosted August 28-30 in Denver, CO, BTC2019 offers every attendee the chance to leave certified and confident in their understanding of blockchain technology. Move past the jargon to gain a robust understanding of blockchain and cryptocurrencies with master classes taught by industry luminaries like Andreas M. Antonopoulos, René Pickhardt, Jameson Lopp, Pamela Morgan, and many others. Register today and learn more at blockchaintraining.org.
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The Father Time IPO and the Nuts and Bolts of Building Software Applications From Scratch
06/26/2019
The Father Time IPO and the Nuts and Bolts of Building Software Applications From Scratch
On this episode, we look at a recently filed IPO, Father Time. This isn’t a hot IPO. In fact, no bankers are underwriting this. What’s interesting about this one is that it’s entirely self-underwritten by the company founder. They are planning to build a coupon system from scratch, so we talk through how that would look from a technical perspective. We consider their business model and the budget in their S-1. Topics: On Father Time IPO What a blank check type deal is How to work with a client like Father Time in order to build the software application Description of business Challenges of this industry faces On using paper coupons Father Time’s future products LoyaltyExpress CouponExpress StoreFront Central Revenue Model Link: Father Time IPO -
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The SEC and the Sundance Kik or How Alternative Fundraising Schemes Get Squashed
06/11/2019
The SEC and the Sundance Kik or How Alternative Fundraising Schemes Get Squashed
We look at the SEC’s charging of Kik Interactive’s unregulated securities offering. We recap the SEC complaint, outlining their argument that Kik was a deeply underfunded, low-revenue, high-expense company that attempted a “hail mary” by circumventing securities law by running the Kin ICO. Finally, we step through the pieces of evidence the SEC presents. Topics: SEC put out a press release along with a complaint on Kik Interactive - SEC Charges Issuer With Conducting $100 Million Unregistered ICO Links: Press release: Complaint: Fireside #8:
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High Quality Software Is Worth the Cost
06/03/2019
High Quality Software Is Worth the Cost
We look at Martin Fowler’s article titled “Is High Quality Software Worth the Cost?” We discuss the gives and takes of writing good software and managing technical debt. We look at misconceptions around software quality and cost, and how planning and blueprinting (architecting) up front can save teams money in the future. Moreover, we look at how good software offers teams a competitive advantage over others due to the ability to ship new features quickly and confidently. Topics: Who Martin Fowler is On Martin Fowler's article titled, "Is High Quality Software Worth the Cost?" - Are we used to a trade-off between quality and cost - Software quality means many things - Internal quality does not matter to customers - Internal quality makes it easier to enhance software - Customers do care that new features come quickly - Visualizing the impact of internal quality - Even the best teams create cruft - High quality software is cheaper to produce Links: Is High Quality Software Worth the Cost? - Martin Fowler - Martin Fowler - Betteridge's law of headlines - Wikipedia -
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SIM Port Attacks + 2FA Security or How Not To Lose All Your Crypto and a Empex 4 Recap
05/29/2019
SIM Port Attacks + 2FA Security or How Not To Lose All Your Crypto and a Empex 4 Recap
We look at a recent SIM port hack where a crypto professional lost $100k worth of crypto from his Coinbase account. We discuss in detail how he was attacked and how you can safeguard your crypto assets better. We then do a recap of the one-day Elixir conference, Empex, where topics ranged from OTP to LiveView to functional programming more broadly. Topics: What a SIM port attack is How people can be careful Their experience at Empex Their thoughts on Elixir Links: The Most Expensive Lesson Of My Life: Details of SIM port hack - Monero’s Fluffy Pony - EMPEX - Erlang Ecosystem Foundation - SimpleBet - Frame.io - Manning - The Pragmatic Bookshelf - How to use Mint -
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A Look at CrowdStrike’s IPO Prospectus and Their Approach to Endpoint Security
05/22/2019
A Look at CrowdStrike’s IPO Prospectus and Their Approach to Endpoint Security
We explore the CrowdStrike IPO by delving into its SEC Prospectus: An examination of their technology, and in particular their approach to endpoint security. By wading through the buzzword ocean, we bring you the key areas to focus on in this S-1. We consider their network effects, notably how signing up more customers to their platform improves security of all their customers. We go through a few case studies of their Falcon product line. Finally, we look at their stated risks. Topics: On CrowdStrike Holdings, Inc Security Cloud On Falcon platform Single intelligent lightweight agent Threat Graph Low friction land-and-expand sales strategy Cybersecurity threats are greater than ever Proliferation of workloads expanding the attack surface On-premise security architectures are constrained Other existing security products have limitations Creation of the Security Cloud Growth Strategy Links: Form S-1 - CrowdStrike Holding's, Inc. - CrowdStrike - Falcon Platform - CrowdStrike Wikipedia -
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On-chain Analysis with TokenAnalyst’s Sid Shekhar: The Valuable Open Ledger
04/16/2019
On-chain Analysis with TokenAnalyst’s Sid Shekhar: The Valuable Open Ledger
TokenAnalyst’s founder Sid Shekhar joins us on this one to talk about the on-chain analysis tools they’re building for the crypto industry. Particularly, we spoke about the delineation of on-chain versus off-chain and why on-chain data hosts a treasure trove of valuable information. We also talk about how funds can benefit their investors by investigating open ledgers. Lots of really good stuff in here like analogies to dark pools, exchange liquidity analysis and more. Topics: His background and how he got interested in crypto On TokenAnalyst His delineation of on-chain versus off-chain data The reason on-chain data is important Things we can learn from on-chain data Where he thinks on-chain data is going and the things he thinks will play into price prediction On running a crypto-focused company What the next hot coin is Something he's really proud about recently that keeps him going Something he wishes he learned earlier Links: TokenAnalyst - TokenAnalyst – Medium - Under the hood of the world computer – TokenAnalyst – Medium - Dissecting Blocks – TokenAnalyst – Medium -
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Zilliqa With Edison Lim: Formal Verification of Smart Contracts, Byzantine Fault Tolerance, and Smart Contract Composition.
04/09/2019
Zilliqa With Edison Lim: Formal Verification of Smart Contracts, Byzantine Fault Tolerance, and Smart Contract Composition.
We spoke with Edison Lim, Application Lead at Zilliqa about their protocol. We consider Zilliqa’s approach to scaling and energy usage. We discuss their proof of work consensus model for miner verification, and their approach to sharded consensus groups. We take a technical look at their smart contract language Scilla and its roots in OCaml, and why formal verification is important. Topics: What Zilliqa is On smart contract language Different consensus mechanism What problems are they solving Practical Byzantine Fault Tolerance What their consensus model is Types of business or markets that benefit from their solution Links: Zilliqa - For Developers - Zilliqa - Scilla Overview Paper - What is Practical Byzantine Fault Tolerance? - Ecosystem Partners - Zilliqa -
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Capital Management with David Baker: Mercadyne Fund’s Founder on Public and Private Investing, Generating Alpha, and Management Team Red Flags
04/02/2019
Capital Management with David Baker: Mercadyne Fund’s Founder on Public and Private Investing, Generating Alpha, and Management Team Red Flags
We spoke to David Baker from Mercadyne Funds, my first Portfolio Manager at Vikram’s first Hedge Fund analyst job many years ago. David is a really smart guy and he takes a unique approach to generating alpha by investing in micro and small-cap companies. He joins us to talk about all things investing. We cover a slew of topics: How he started investing and his first call with a management team at age thirteen, how he parlayed his experience as a broker to starting his first micro and small-cap fund, how he runs his current fund, risk management, and his current investment philosophy. We go over factors that make attractive investment opportunities (huge TAM, compelling biz model, accelerating sales growth, high insider ownership) and also red flags that he sees on a regular basis. He also talks about his experience investing in turnaround self storage units and finally, we finish up discussing his views on the current economy and what sectors he likes right now. Topics: How he got into investing How law school helped mold his interest in investing On raising capital Types of stocks he invested in Investment thesis for small and micro capital What a multiple expansion is and how it works What he likes about the ZAG story Assessing management On trading psychology On private investing Self-storage investment profile Link: FactSet Insight - Profiles: Mercadyne - Newsletters – Mercadyne -
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Crypto SaaS Spotlight: Santiago Roel Santos from EON, Proof of Stake and Staking as a Service
03/18/2019
Crypto SaaS Spotlight: Santiago Roel Santos from EON, Proof of Stake and Staking as a Service
Hey everyone, this is Vikram from QuantLayer and thanks for listening to our 34th podcast. On this episode, Santiago Roel Santos from EON joins us to talk about proof of stake and staking. We speak about Santiago’s investing background, how he entered crypto, and the Staking as a Service business he’s building now at EON. The discussion covers a lot of great topics for crypto entrepreneurs: UX considerations when building crypto products, how EON manages technical and security issues when staking on the behalf of others, and EON’s business model. This is a must listen for anyone building crypto products for consumers. Topics: Santiago's background His thoughts at the time when he's analysing companies When margin changes How he got interested in crypto His peer's responses as an analyst What staking is Proof of work and proof of stake Who/how does a transaction get validated His background on investing What they're up to at EON A scenario how staking works What happens if the server goes down On customer service How they handle availability and security The worst thing that can happen if people are staking with them (EON) Their qualification criteria for what comes on for their platform What gets him excited of what they're doing at EON How they compare and contrast with others His thoughts on exchanges could offer a staking service to their customers Links: J.P. Morgan - Sageview - Facebook - Microsoft - BitMain - Horizon - Cosmos - Amazon - Staked - Profile: Medium - EON - Twitter -
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Oracles, Doug von Kohorn and Jeff Rosen from Rhombus
03/11/2019
Oracles, Doug von Kohorn and Jeff Rosen from Rhombus
We speak about the problem around connecting smart contracts to real world data, how oracles solve that problem and the gives and takes around oracles. We walk through some example oracles in gold pricing data and prediction markets. We finally wrap up with an interview with Jeff Rosen and Doug von Kohorn, founders at Rhombus, where we discuss their approach and solution to the oracle problem. Topics: Faizaan's thoughts on the ETHDenver event How we should think about oracles The oracle problem What decentralization is from the oracle perspective Centralized oracles Cryptographic annotations What TLSnotary and Town Crier does Astraea by consensus Manipulation resistance What Rhombus is What makes them different from other oracle providers in the Ethereum ecosystem Examples of the kind of enterprise use-cases they see On providing the right price / data How prices of assets completely delisted affects what happens to smart contracts / things Underwriting insurance policies Some areas they're interested in that they think might require more transparency Their thoughts around working with prediction markets Difference between Chainlink and Rhombus How they're doing sales right now Their background What got them interested in the oracle space How they're funded right now What they're excited about for the rest of the year What the lighthouse oracle is and its use Links: Rhombus - Reddit - r/progresspics - myfitnesspal - Strava - The State of Decentralized Oracles - TLSnotary - Town Crier - Astraea: A Decentralized Blockchain Oracle - OpenLaw - Ethereum - Chicago Mercantile Exchange - Coinbase - Gemini - Chainlink - ConsenSys - Getcoin -
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