Unchained The Rise of MakerDAO: A Personal Journey - Ep.167
Apr 14, 2020
Mariano Conti, head of smart contracts at MakerDAO and an expert in decentralized finance, shares his journey through cryptocurrency as an Argentine navigating hyperinflation. He discusses MakerDAO's evolution from single-collateral to multi-collateral DAI and reflects on the pivotal Black Thursday events. Conti emphasizes the ongoing struggle for financial stability in Argentina, showcasing how decentralized finance empowers communities seeking autonomy in turbulent times. His insights shed light on both personal and collective challenges faced in the crypto landscape.
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Grandparents' Savings Loss
- Mariano Conti's grandparents lost their savings during Argentina's 2001 economic crisis due to a bank freeze.
- This personal experience solidified the "not your keys, not your coins" mantra for him.
Argentine Risk Tolerance
- Argentinians are more willing to take financial risks due to their history of economic instability.
- They constantly seek alternative financial solutions, like crypto, to protect their assets.
Bitcoin as a Solution
- Conti's cryptocurrency journey began in 2014 due to capital controls in Argentina.
- His employer couldn't pay him dollars, leading him to adopt Bitcoin as a payment solution.