26 - Investing in DeFi Paradigms | Charlie Noyes - Bankless

Episode: #26
August 18, 2020

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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!

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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)

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Episode Actions:

Read "Bitcoin for the Open-Minded Skeptic” by Paradigm
Articles Charlie mentioned to understand economic security:
- On the Instability of Bitcoin Without the Block Reward
- Flash Boys 2.0 - Phil Daian
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