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Deeply Intents

Respect the Graph - Shoaib Ahmed

04 Oct 2025

Description

In this episode of Deeply Intents, I talk to Shoaib Ahmed, researcher and engineer for Cycles Money / Informal Systems. We begin the episode with Shoaib's background, including his time working on SlockIt. Thereafter, we begin to unpack Cycles Money, discussing the concept of bringing liabilities on-chain, examples of debt-clearing cycles, and different types of settlement. Later, we discuss QuanTEEum, a new research paper published by Shoaib. Here we discuss the notion of quantum money and a marketplace for decentralized quantum compute. We conclude the episode by discussing the Cosmos ecosystem and trade-offs between building products and protocols.Timestamps(00:00) - God was a protocol designer(02:28) - SlockIT experience(03:53) - Gödel's incompleteness theorems(10:19) - CoFi & Speculation resistance(16:43) - Cycles Money(22:26) - Bringing liabilities onchain(29:49) - Walking through a cycle example(33:57) - Settlement(37:00) - Atomicity and blockchains(42:24) - Quartz, remote attestations & ZKPs(45:28) - Product(53:10) - QuanTEEum and One shot signatures(58:31) - Endgame: decentralized quantum compute(1:03:58) - Quantum Money(1:09:55) - The Cosmos ecosystem(1:12:23) - Protocol design vs. product  DisclaimerNothing in this episode should be interpreted as financial, technical, or legal advice. The host does contract work for Heliax, a public goods laboratory, focusing on Anoma.  

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