Carmen Li thought it was a joke when a perpetual futures marketplace asked her to become the market maker for her own index. It wasn't.In this segment from Bits + Bips: The Interview, she walks Steven Ehrlich through the requests that alarmed her, a daughter analogy for why trading your own benchmark destroys neutrality, the manipulation risks she sees in crypto's index practices, and why she insists any perp venue on her index be regulated and guardrailed.Host: Steven Ehrlich - Host of Bits + Bips and Head of Research at SharplinkGuest: Carmen Li - CEO of Silicon Data and Compute ExchangeThis clip is from a longer conversation on GPUs, compute markets, and crypto. Full episode here: https://www.youtube.com/live/rYDiPneJv20?si=fjS7bSd-bJ6c6tYb We go live every Monday - subscribe to catch it live.Sponsors Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED).Chapters🤝 🚩 👧 🛡️ 🔀 ⚖️ Learn more about your ad choices. Visit megaphone.fm/adchoices