Excellent interview. I really hope we don't end up socializing crypto losses.

@CryptoCriticPod

Жыл бұрын

Thank you!

@tethergobrrr

Жыл бұрын

Would be obscene considering the culture’s primary goal of disempowering the administrative state.. guys like Bankman-Fried priming the kind of politicians who love socialising corporate losses is chilling.

When you said on twitter you had a good guest, i was excited but holey after listening to the podcast, i was not prepared. soooo gooooood

@CryptoCriticPod

Жыл бұрын

Hilary was great!

An amazing episode. I read Dr Allen’s draft back in February, and it’s great to hear her expertise in depth especially now!

DeFi is like “self driving banks” to me. I think certain parts of it can eliminate human error, stop discrimination against POC, and achieve universal access for all allowing anyone in the world to use and learn. Would I recommend it to a random person on the street? No, but I definitely believe that there’s something innovated with DeFi that will be beneficial to society. Since I’ve started tinkering with DeFi, I’ve learned a lot more about finance and cryptography. Thanks for the interview!

@CryptoCriticPod

Жыл бұрын

Funny enough Hilary is the author of Driverless Finance

Informative interview, great work as always! Bennet trying not to die while hearing that cryptobros deny the existence of leverage in the space made my day

@CryptoCriticPod

Жыл бұрын

It was quite a claim

As a DeFi user and enthusiast, I completely agree with the imposed separation between banks and DeFi. Let them both "sink or swim" separately 👍

Masterclass interview. These are exactly the same thoughts i have about the crypto space

@CryptoCriticPod

Жыл бұрын

Thank you!

This was fascinating I learned a lot love the podcast

Thanks!

The whole economic system is very flawed, I understand why you would want to put some time to control/regulate the whole crypto sphere but every few months/years something new comes up that makes us understand that every market, every little part of our economy should be controlled and understood by everyone, you either have companies like Nikola, Theranos, you have some Maydoff guy creating the biggest ponzi scheme ever, you have hedge funds shorting stocks like GameStop, Nokia, rich people not paying taxes (they cant afford it maybe xD). Probably our problem is the same as with politics, every day we are less informed about how this things work/run and because of that there's always going to be there ready to exploit it. Thanks for the episode guys, great as always o/

"Regulatory arbitrage" I like that turn of phrase. I think I'll keep it.

Years ago I thought, one day we'll look back and laugh at way back when everything threw "smart" in front of the name. Maybe "smart contracts" will finally kill the brand, since smart refrigerators did it.

An upload, hallelujah!

waaaiittt a second. Are Hilary and Bennett related? GREAT VIDEO, GREAT DISCUSSION! Thanks guys!

This was tremendous. She's smarter than I am.

@CryptoCriticPod

Жыл бұрын

Hilary is sharp!

Moral Hazard....You're SOAKING in it!

Another excellent episode

@CryptoCriticPod

Жыл бұрын

Thank you

"it is not SBF who is hurting now"

"it's not like SBF is hurting right now..." hhmmmm

Bennet: Titterer in Chief

@22:55 patently false. Just one case is the Lebanese using tether for groceries as their currency has hyperinflated.

22:50 - "stable coins fund speculation. there's no real world economic payoff, it's very self referential." - Sure, but that's only because we're on fertile grounds which are on the cusp of germination (2022 CEX apocalypse not withstanding) . As an easy example, say Meta moves forward with implementing mint/sell/buy actions for NFTs into it's ecosystem (say w/ Polygon on Ethereum ). And let's say that all purchases of these NFTs are done using stable coins. At this point, you are dealing with real economic value to do standard modern business (influencers selling digital media). In this environment, stables are serving the exact same role as the current common online fiat transactions that utilize Paypal or Visa, only they run on much more efficient payment rails which operate 24/7, all run on one system instead of the ancient disjointed piping of the SWIFT network, and are totally transparent and auditable. How is that not an order of magnitude better than our current system? - would love to hear a response from professor Allen!

@CryptoCriticPod

Жыл бұрын

I think you need to watch the Libra hearings in Congress to understand their reaction to that idea

@yanikjayaram

Жыл бұрын

@@CryptoCriticPod okie, thanks!

Bet against BTC and cryptocurrency as the transformation of the banking system and you will age like a piece of Swiss cheese at the dashboard of car under the sun in the middle of a parking lot.

Calling stocks investing and crypto gambling is a bit much. Skepticism is useful, but she somewhat loses the plot. Some stocks are total gambles, very opaquely managed, and some crypto is surprisingly quite clear about it's goal. It's a shame she's not entirely objective.