
Credibility Without Institutions - Mike Elias - Idea Market
Explicit content warning
03/07/23 • 42 min
Mike Elias, founder of IdeaMarket.io tells us what it was like to build a social network on Arbitrum aimed to build a market for credibility and trust.
We discuss:
- Why we have a credibility problem and why it’s worth solving
- The risks of building for a smaller audience on L2
- Approaches to simplifying the onboarding process and reducing friction for your end users
- Tools that can help like ChainList.org (to streamline the setup of L2 networks for your users) and Hop Protocol (to help users bridge funds to L2)
- Where to find help when building on Arbitrum
- How to poke a stuck transaction with a stick
Connect with Mike and learn more about Idea Market:
- Web: https://ideamarket.io/
- Twitter: @ideamarket_io and @harmonylion1
- Mike's note on closing IdeaMarket: https://ideamarkets.substack.com/p/goodbye-and-final-reflections
Learn more at https://gitsmol.com
Mike Elias, founder of IdeaMarket.io tells us what it was like to build a social network on Arbitrum aimed to build a market for credibility and trust.
We discuss:
- Why we have a credibility problem and why it’s worth solving
- The risks of building for a smaller audience on L2
- Approaches to simplifying the onboarding process and reducing friction for your end users
- Tools that can help like ChainList.org (to streamline the setup of L2 networks for your users) and Hop Protocol (to help users bridge funds to L2)
- Where to find help when building on Arbitrum
- How to poke a stuck transaction with a stick
Connect with Mike and learn more about Idea Market:
- Web: https://ideamarket.io/
- Twitter: @ideamarket_io and @harmonylion1
- Mike's note on closing IdeaMarket: https://ideamarkets.substack.com/p/goodbye-and-final-reflections
Learn more at https://gitsmol.com
Previous Episode

Accepting Crypto Payments with Suberra - Edison Lim
Edison Lim, Co-Founder & CEO at Suberra, explains how his team built a Web 3.0 Payments platform.
We discuss:
- Edison’s founder story, including a forced hard pivot after the collapse of Terra.
- Why Suberra selected Arbitrum and two other EVM chains (Avalanche, Polygon)
- The Ethereum Improvement Proposal (EIP-5827) for Auto-renewable allowance extension
- How the concept of B2B translates in Web 3 (or doesn’t)
- The pros and cons of building on Arbitrum
Connect with Edison and learn more about Suberra:
Dev Tools mentioned on the show:
Next Episode

Stablecoins and Farming-as-a-service with Sperax - Alec Shaw and Subhajit Ray
On this episode, we talk with Alec Shaw and Subhajit Ray from Sperax.
We discuss:
- The Sperax DAO.
- USDS, which is their decentralized stable coin with built-in rewards.
- Demeter, which is their Farming-as-a-service infrastructure on Uniswap V3.
You’ll learn:
- About Sperax’s journey building on Arbitrum.
- How to use Demeter, their farm-building tool, to quickly build liquidity for your own protocol. Plus, get marketing and financial support from the Sperax DAO when you do.
Learn more at https://sperax.io/
Find full show notes with links to everything mentioned on the show at https://gitsmol.com/
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