Episode 30 of Public Key, the Chainalysis podcast, is here! In this episode, we talk with Nader Dabit (Director of Developer Relations at Aave) about why blockchains and NFTs may not be exactly what everyone thinks they are and how the ecosystem can evolve.

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Public Key Episode 30: Changing how blockchains work over a decade later

Not everyday do you get to talk to one of the brightest minds in blockchain development, but this week Ian Andrews (CMO at Chainalysis) was lucky enough to sit down with Nader Dabit (Director of Developer Relations at Aave and Lens Protocol) to discuss Modular blockchains (from his time at Celestia) and to explain why he thinks most people don’t care about NFTs as they are widely used today.

He dissects his viral twitter thread and details why people should not pay to transact in cryptocurrency in most cases and how to balance decentralization, while maintaining user experience. Ian and Nader also tackle stablecoins, the ultimate debate of databases vs. blockchains, and even get into some of the most interesting projects in the blockchain ecosystem.

Quote of the episode

“Crypto is a useful primitive, but cryptocurrency isn’t a good currency. So we need something that is actually usable so people can actually, you know, have it and, and use it in a day to day setting. And therefore we have stablecoins and they have become more and more dominant and more and more people are using them.” – Nader Dabit (Director of Developer Relations at Aave)

Minute-by-minute episode breakdown

(3:03) – Nader’s Origin story of being a developer for over a decade
(7:25) – Most people don’t care about NFTs as they’re widely used today
(11:20) –Most people will not (should not?) pay to transact in most cases
(15:35) –Is it possible to reach pure decentralization and maintain the user experience that centralized applications provide the industry
(20:39) –Why stablecoins are the most powerful primitives. but they are still not understood by most people
(25:51) – The debate between Databases vs. Blockchains
(29:37) – The move towards modular blockchain and web3 infrastructure
(34:05) – Arweave Network, Lens protocol and other interesting projects that are on Nader’s radar

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Twitter Thread: 15 thoughts from a developer working 1.5 years in crypto / blockchain / web3
Website: Nader’s Arweave profile

Blog: Making Blockchains Suck Less: A pragmatic view of the blockchain landscape.

Chainalysis Blog: Ethereum Merge Scams: How Scammers Took Advantage of The Ethereum Merge to Make Millions
LinkedIn Post: Chainalysis submitted comments to the US Department of the Treasury’s RFC on illicit financing in digital assets.

Speakers on today’s episode

Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews

Nader Dabit (Director of Developer Relations at Aave) https://twitter.com/dabit3

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