
How Dan Morehead Mastered Macro and Crypto
Raoul Pal: Real Vision
00:00
The Moral of the Story
I tell you, the other thing that reminded me of the old days is we tiger in 90, eighte this whole three arrows capital thing were his long term capital all over again. And i think that's moral of the story, is its centralized finance still at's the same old stuff that's been happening for a hundred years. You know, if you have an opaque, centralized borrower feo, they can either overlaver or even potentially beno misrepresent. They know what position they have. I'm not sure here, but it's happened in the as where's a defi,. It's the code. And if you agree to a smart contract, its geto get executed
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