Why DeFi? | TradFi to DeFi Podcast - Episode 1

Feb 1, 2022

Ask episode

Chapters

Transcript

Episode notes

In episode 1 of the TradFi to DeFi podcast, we dive into three important ideas that make crypto and the DeFi ecosystem special:

decentralization,
permissionlessness, and
censorship resistance.

What makes crypto different than the legacy financial system? What are some of the philosophies underlying this new technology? And how does it provide a better way to engage with financial tools? We discuss this and more!

Timestamps:
1:10 What does decentralization mean?
2:48 How does decentralization tie into crypto?
3:20 "Centralization came first..."
4:25 Comparing centralization to internet
5:32 Concept of disintermediating
6:58 Decentralized Finance = Permissionless
7:50 Permissionless means you can easily earn on an ecosystem without any other interaction from anyone else. Be your own boss.
9:40 Permissionless also infers being open source
11:38 How decentralized finance assist in second and third world companies
12:39 DeFi is Censorship resistant
14:20 Centralization ultimately limits spending, a censorship resistant economy does not
14:46 Censorship resistance also means you can't be censored for freedom of speech, medical views, political views
17:04 We can have a better economic ecosystem

What is TradFi to DeFi?
TradFi to DeFi is a community of like-minded crypto enthusiasts. We are a networking hub, project incubator, talent connector, mentorship provider, and opportunity maximizer for the DeFi user, whether new or experienced.

What is our mission?
As the world transitions from the status quo of Traditional Finance (TradFi) to the emerging world of Decentralized Finance (DeFi), there is a tremendous need for talent that can navigate this brave new world. We structured this podcast to equip you with the skills needed to understand DeFi tools while also providing opportunities for learning, networking, and professional development.

How can I get involved?
Follow us on Twitter: https://twitter.com/TradFitoDeFi
Join us on Discord: https://discord.gg/uqjzvJEeYc