The Backstory of How 3 AI Agents Led to the Rise of the Hottest Memecoin, GOAT - Ep. 725

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The two-week-old GOAT memecoin, which hit a market cap of almost $880 million on Thursday, is captivating everyone in crypto. Not because this is memecoin szn, but because its rise was fueled by an AI called Truth Terminal, which is itself a baby of two other AI models.
Teng Yan, founder of Chain of Thought, joins Unchained to break down how this unexpected AI creation has turned into a phenomenon, why it has captured the attention of the crypto world, and what the future holds for AI-driven tokens.
At the end, Laura also discusses with Unchained’s regulatory reporter Veronica Irwin two interesting and important news stories: who Kamala Harris is vetting for SEC chair and how one Senate race could inadvertently give Senator Elizabeth Warren more power over crypto.
Show highlights:

How an AI experiment unexpectedly led to the creation of GOAT and sparked interest in AI-generated subcultures

How "Terminal of Truth" evolved its own personality, gained attention from Marc Andreessen, and began posting about a new "Goat Sea gospel" religion

How the spelling mistake sparked skepticism about the AI model

What happened with the $50,000 in BTC that Marc Andreessen gave to Truth Terminal

Whether an AI can have its own wallet and what the implications are

Whether AI memecoins could start surging on other chains

What we can expect in terms of the proliferation of AI memecoins

What the future looks like for the intersection of crypto and AI

Who Kamala Harris is considering for SEC Chair if she wins the U.S. election

Why one Senate race could give Elizabeth Warren more power over crypto

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Polkadot

Mantle’s FBTC

Guest

Teng Yan, Founder of Chain of Thought

Teng’s article: GOAT: The Gospel of Goatse

Links

Previous coverage of Unchained on GOAT:

GOAT Hits a Record $879 Million Market Cap After Brian Armstrong Offers to Help Truth Terminal

GOAT: How AI Agents Talking Turned Into a $268 Million Memecoin 'Religion'

Infinite backrooms

Andy : https://x.com/AndyAyrey

Andy Ayrey's (creator of Truth Terminal) research paper on LLMtheism:

Truth Terminal's X account

Kaito: GOAT’s mindshare

Timestamps:

00:00 Intro

01:28 How an AI experiment led to the creation of GOAT

06:16 The rise of “Terminal of Truth” and its unexpected evolution

11:57 How a simple spelling mistake raised skepticism

20:09 What happened to the $50,000 in BTC from Marc Andreessen?

21:06 Whether AI models can have their own wallets

24:17 Whether AI memecoins will surge on other chains

26:19 What’s next for the rise of AI memecoins

28:35 The future of AI and crypto’s intersection

31:39 Who Kamala Harris may consider for SEC Chair

34:12 How one Senate race could boost Elizabeth Warren’s power over crypto

40:33 News Recap

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