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Greg Markou

Things Greg Says on Podcasts

Where to Find Them

Greg Markou has been a guest on Unchained (3 times) .

Recently: “Uneasy Money: Why Ethereum's 'Ultrasound Money' Meme Finally Ran Out of Road” on Unchained (November 2026); “Is the Ethereum Foundation Too Out of Touch to Save ETH?” on Unchained (May 2026); “ETH Denver Debate: Should Testnet ETH Be Free or Have a Price? - Ep. 464” on Unchained (March 2023).

What They Said

“If you look at the markets that exist now and the arbs in the AI scene, they're almost identical to what we had in crypto for the last five years. They're almost pattern matching, down to the same trend. It'll close. People will work on cost per unit of intelligence to make it cheap. That's inevitably going to happen.” — Greg Markou, Unchained

After an argument that the gap between cheap AI subscriptions and API pricing can't last, Greg Markou says he has watched the same pattern play out in crypto. He expects the price of intelligence to be competed down.

Unchained · 2026-11-12 Permalink → Listen →
Unchained Around 1:13:20 into the episode
Greg Markou

Yeah, it'll close. I mean, X

Kain Warwick

Ethereum Core Dev, it'll solve itself eventually.

Greg Markou

Yeah, I mean, like, a lot of people have been tweeting about this, though. Like, I think like some of the paradigm guys to run, and it's like, if you look at the markets that exist now and the ARBs that exist in like the AI scene, they're almost like identical to what we had in crypto for like the last five years. They're like almost pattern matching, like down to like the same trend. And so like, it'll shut down, it'll close. People will work on like dollar cost, uh, like cost per like intelligence, I guess. Um, right, to like get it down to make it cheap. Like, that's inevitably going to happen. Um, I'm like, lesson about that.

Kain Warwick

Remember when the one-inch guys built the gas token? I mentioned

Austin Griffith

that earlier. Like, that was cool. Like, smart contract tanks. Like, those guys. Those guys should have been talking to a paradigm. It's so

Kain Warwick

funny because we, like, I never talked to Core Devs, right? So I always, like, I have my own like little happy perspective on like dumb shit that happened on Ethereum and then being like, like, fuck those guys.

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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