A Crypto Native's History of Markets w/ Tarun Chitra (Gauntlet)

In this episode, Austin chats with Tarun Chitra (Gauntlet) about the history of markets and the evolution of the math which underpins them. Over the course of their free-form conversation, they cover everything from the ancient history of futures (literally) to the impact of computers on finance in the 80's to the creation of financial products on blockchain that couldn't exist in TradFi. According to Tarun, DeFi will succeed in the long run not by emulating TradFi instruments onchain, but by forging these net new opportunities.
0:00 - Intro
1:04 - How Tarun got involved in crypto
7:03 - Tarun's days in HFT
10:02 - Fundamental differences between POS assets and POW assets
13:26 - Innovations in TradFi from the 1960’s to the 2010’s
17:02 - The impact of greater access to computational power on options and futures
19:08 - Impact of post-WW2 property rights on options and futures
21:43 - Computers and finance in the 80’s
24:47 - All models fall short of reality
28:18 - The wildcatters of 2010s web2 tech
32:42 - Onchain properties that change how the math of TradFi works
34:58 - Why DeFi should not try to merely represent TradFi instruments onchain
43:54 - Why has it taken TradFi players so long to enter crypto?
50:19 - What financial products has crypto created that are not possible in TradFI?
55:10 - The relationship between non-financial and financial metrics
59:09 - Memecoins as an incentivized ranking algorithm
1:04:42 - Crypto as a dis-intermediator
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[@Beans1729]

More guests of this caliber. Great interview

[@andydataguy]

Amazing chat! Thanks gents 🙌🏾

[@kamalhaider4236]

Good earning and good real websites ❤❤🎉🎉🎉

[@lostin-code]

Wish chopping block was just Tarun

[@degenfaragu8982]

Thats how the cookie crumbles! I guess.

[@jasperzanjani]

euuuh what's that brotha

[@Airouh]

HAHAHA good one brotha