Crypto & DePIN

“My thesis was, in a two-sided marketplace, the first challenge the market has to solve is the demand supply paradox. What comes first?… when you bootstrap supply to a point that it’s extremely attractive to the demand — let’s say cost, for example — the demand side will catch up… really, you’re borrowing from the future to bootstrap the present.” — Greg Osuri, 00:30:22

“So far, the business models for open source software have been primarily subscription driven and open core driven. But now we’re experiencing the third business model, which is tokenized open source software, we call it, where it has this incredible incentive layer, the token layer on top of the open source platform… So how do you monetize? A lot of us are still trying to figure that out, to be honest with you. And our solution is [selling] hardware.” — Greg Osuri, 00:28:47

“The thing that excites me most about Solana is the throughput that allows developers to build applications that feel like a centralized application but actually it’s decentralized on the core — and it’s a very attractive property that allows real distributed systems engineers to actually consider building on a blockchain.” — Greg Osuri, 00:01:30

“In our roadmap we’re talking about supporting stablecoin payments for compute on the Akash network, and by far the easiest way for us to accomplish that is going to be to enable IBC in Akash.” — Jack Zampolin, 00:24:20

“We believe Solana has incredible… high-performance smart contracts capability, because [their] throughput numbers are astronomical. So you should be, hopefully soon, run Solana smart contracts using Akash, pay using Akash tokens… it’s like using Solana’s software on Akash, which is hardware, paying to Solana using Akash tokens… a beautiful improbable love story there.” — Greg Osuri, 00:36:13

“For our developer incentives, we’re giving away five percent of the network — last testnet we did was two percent, this testnet is three percent — so we are very committed to ensuring the developers [are] incentivized early. That will be our bootstrapping mechanism before the value of the network actually occurs in the token.” — Greg Osuri, 00:29:41

“Very very soon we’re going to see a lot of these DeFi exchanges getting shut down because they’re facilitating money transactions without proper banking licenses. What Akash gives them is a way out… they can have users use Akash to launch their own dexes by themselves… they ship the liability to the user… Akash is primed as the only cloud for DeFi that can do this — no other cloud can do this in the world.” — Greg Osuri, 00:35:05

“Because Akash is a decentralized network you don’t really have sign-up, you don’t really have the concept of an owner… you earn income running the Solana node — that income can go directly from the node to Akash, paid in Solana tokens, when we interoperate. That’s the future vision… a very holistic frictionless experience, and this is impossible in the cloud… a fully interoperable cloud.” — Greg Osuri, 00:47:51

“It takes about twenty five thousand dollars to run Ethereum — twenty percent of that will go to Akash stakers… the industry being 300 billion dollars, do the math: 20% of that at 100% market penetration — that’s quite a lot of money.” — Greg Osuri, 00:51:21

“There will be some friction, I would imagine, for using Akash tokens to pay for compute. So to alleviate that friction, we wanted to introduce stable currencies… using USDX to pay for cloud compute is the first use case for IBC that we really want to, like, get out.” — Greg Osuri, 00:30:19

“Come mainnet 2, you’re going to be paying for infrastructure with digital currencies, and so it’s like a real-life physical thing. There will be websites that will be hosted by a blockchain network.” — Adam Bozanich, 01:12:14