#048 Balaji’s Most Epic, Personal, In-Depth Interview Ever (Transhumanism, Investing, and more)
Smart Friends
I Don't Like DeFi, Right?
I've never been a big DeFi guy for lots of reasons, because it's just like, you know, I never got involved, by the way, in any of these stablecoin or interest things and so on. The thing is that if you are putting money into DeFi protocol that's getting you back five or 10 or whatever percent interest, right? You're probably taking principal risk and not bank account risk, right? So if you're taking principal risk, then actually 10 or 15, meaning you could lose the whole thing, which people did do in all these various C5-D5 blobs. It's something where you just have to pay way more attention. And
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