4min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

The Future of Cryptocurrency

DeFi protocols are exactly what Goldman does right I mean Goldman like the secret investment makes actually have no money they go on to the markets. They fund at like LIBOR plus 90 BIPs or whatever they're funding at now so they should borrow and then take highly levered bets that they manage risk on very well. To me this is this is the base case for crypto even if it ends up just recreating a lot of what was in Goldman but just not with the Goldman's in the picture to me it's already like worth doing right. The main thing is just de-politicizing finance and I think of it like electricity or water like it shouldn't be politicized

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