26 - Investing in DeFi Paradigms | Charlie Noyes

Episode: #26 August 18, 2020

-----

Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees! (use "Bankless" for VIP4 status & trades at 6bps!)
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS") (Read this on IRAs and 401ks)

----

What are the paradigms for investing in DeFi?

Charlie is an exceptionally bright & thoughtful investor in crypto assets at Paradigm...one of the leading investment firms in the crypto space. We talk institutions, yield farming, and DeFi protocols...and then we get into one of our favorite subjects. Is ETH money?

Or rather, does ETH need to be money in order to secure itself?

What is dirty little secret many Ethereans and Bitcoiners don't admit? Why is moneyness and security two sides of the same coin? Why won't transaction fees secure Bitcoin? This episode goes from great...to amazing. You won't find this depth of discussion anywhere else. Stay tuned to the very end to catch the conversation on economic security. 

We cover:

• Starting in crypto at age 11
• Gen Z and crypto 
• How Institutions see crypto
• Futility tokens are futile
• Is Uniswap the last word on AMMs?
• RAI vs DAI
• Money gams & accounting tricks
• Yield farming for yield farming sake
• Why we're not in a bubble yet
• Why Ether has to be money (or bust)
• Cosmos and Ethereum alternatives
• Not bullish on Eth2 timeline

Join us next Monday for a fresh episode!

----- Resources discussed:

• Here's the episode with Joey Krug we mentioned
• Bitcoin for the Open Minded Skeptic article by Paradigm
• Is the Map of America the way institutions see crypto?
• We mentioned YAMS - here's our explainer
• We mentioned EIP-1559 (listen here | read article)

----- Episode Actions:

1. Read "Bitcoin for the Open-Minded Skeptic” by Paradigm
2. Articles Charlie mentioned to understand economic security:
   • On the Instability of Bitcoin Without the Block Reward
   • Flash Boys 2.0 - Phil Daian
3. Spread bankless by giving 5 star reviews….get us to 100!

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.

----- Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

----- Don't stop at the podcast!

Subscribe to the Bankless newsletter program

Watch Bankless shows and tutorials on YouTube

Visit official Bankless website for resources

Follow Bankless on Twitter

Follow Ryan on Twitter

Follow David on Twitter

----- Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.  Do your own research.