Bankless 26 - Investing in DeFi Paradigms | Charlie Noyes
Aug 17, 2020
Charlie Noyes, a Partner at Paradigm and a DeFi expert, dives into the future of decentralized finance. He discusses how younger generations are reshaping crypto perceptions and why Ethereum's role as 'money' is crucial for its security. The conversation also tackles the complexities of yield farming, the distinction between utility and 'futility' tokens, and the implications of transaction fees within Ethereum. With insights on institutions embracing crypto and innovative tools for a bankless lifestyle, this dialogue captivates both enthusiasts and skeptics alike.
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Early Bitcoin Adoption
- Charlie Noyes began using Bitcoin at 11 years old after PayPal requested his mom's social security number for his account.
- This early experience shaped his interest in cryptocurrency and led him to a career in the field.
Gen Z and Crypto
- Gen Z's lack of ingrained financial habits may make them more receptive to crypto than older generations.
- This open-mindedness presents an opportunity to introduce alternatives before traditional banking habits form.
Paradigm's Thesis
- Paradigm believes in the potential of public blockchains and the intersection of money, finance, and technology.
- They are known for their skeptical view on utility tokens, emphasizing the importance of long-term value creation.