26 - Investing in DeFi Paradigms | Charlie Noyes
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 17 August 2020
⏱️ 99 minutes
🧾️ Download transcript
Summary
Episode: #26
August 18, 2020
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What are the paradigms for investing in DeFi?
Charlie is an exceptionally bright & thoughtful investor in crypto assets at Paradigm...one of the leading investment firms in the crypto space. We talk institutions, yield farming, and DeFi protocols...and then we get into one of our favorite subjects.
Is ETH money?
Or rather, does ETH need to be money in order to secure itself?
What is dirty little secret many Ethereans and Bitcoiners don't admit? Why is moneyness and security two sides of the same coin? Why won't transaction fees secure Bitcoin?
This episode goes from great...to amazing. You won't find this depth of discussion anywhere else. Stay tuned to the very end to catch the conversation on economic security.
We cover:
- Starting in crypto at age 11
- Gen Z and crypto
- How Institutions see crypto
- Futility tokens are futile
- Is Uniswap the last word on AMMs?
- RAI vs DAI
- Money gams & accounting tricks
- Yield farming for yield farming sake
- Why we're not in a bubble yet
- Why Ether has to be money (or bust)
- Cosmos and Ethereum alternatives
- Not bullish on Eth2 timeline
Join us next Monday for a fresh episode!
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Resources discussed:
- Here's the episode with Joey Krug we mentioned
- Bitcoin for the Open Minded Skeptic article by Paradigm
- Is the Map of America the way institutions see crypto?
- We mentioned YAMS - here's our explainer
- We mentioned EIP-1559 (listen here | read article)
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Episode Actions:
- Read "Bitcoin for the Open-Minded Skeptic” by Paradigm
- Articles Charlie mentioned to understand economic security:
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Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.
Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier Internet money and Internet |
| 0:18.2 | and finance. This is how to get started, how to get better, how to front run |
| 0:21.8 | the opportunity. |
| 0:23.0 | This is Ryan Sean Adams. |
| 0:24.0 | I'm here with David Hoffman and he are here |
| 0:26.0 | to help you become more bankless. |
| 0:30.0 | David, how are you doing today? |
| 0:32.0 | Oh, you know, just tending to my fields. |
| 0:35.6 | There's been a new craze in liquidity mining and yield farming, |
| 0:38.6 | and so that's kind of captured my attention lately. |
| 0:41.3 | It has been attention grabbing, and we get into that a little bit with our guest. |
| 0:47.0 | Yeah, what was your take on this? |
| 0:49.0 | Yeah, Charlie Noise, really smart guy and I was constantly reminded during our conversation with him is how young he is and |
| 0:55.9 | that's kind of what gets me like so excited about the future of crypto and it's a part |
| 1:01.6 | it's a part of the future of crypto that's not coming in like one year, not coming in two or three or four years, but it's really the whole generational shift is that these young individuals, and I consider myself young and Charlie is even way |
| 1:15.0 | more young than I am are going to come in as crypto natives and be thinking in |
| 1:19.7 | crypto native terms and are going to really get familiar with economics, with finance, with complicated |
| 1:26.8 | crypto economic systems and they're going to be, that's going to be their first monetary system. |
| 1:31.6 | And I think Charlie is a good representation of somebody who's |
| 1:34.8 | coming of age as as these crypto platforms like Bitcoin and Ethereum are being |
| 1:40.8 | understood by the greater world. And so I'm very bullish on this younger generation of people |
| 1:45.8 | that's coming up, being crypto native and being able to speak |
... |
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