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The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks - Ep. 466
Unchained
Is There a Natural Source of Organic on-Chip Yield?
The current version of that, which is the main sort of organic source of yield seems to be Ethereum staking derivatives. That's amazing. We have our own native reason for people to lock up capital which is to secure the network. I don't see a US dollar a euro, a yen, a CNY, give me a fiat currency involved in that. It's just us in our own community creating value where value needs to be created. What's not excellent is let's believe that our whole entire ecosystem depends on a bunch of banks allowing some US dollars to be stashed in them so that a few companies can make 300 basis points and interest margin. That's not a good solution
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