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London Real

DeFi is like The Automobile vs The Horse. - Ben Armstrong AKA Bitboy Crypto

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 6 April 2022

⏱️ 2 minutes

🧾️ Download transcript

Summary

Is decentralised finance moving the same way the automobile did against the horse?

Transcript

Click on a timestamp to play from that location

0:00.0

You know, I got a couple of final questions about you and your company in the future there,

0:03.4

but was there anything we didn't cover in the crypto and DeFi space?

0:06.5

And we went through a lot of things there, but if there's anything that you would normally try

0:10.4

to get in people's heads, you know, maybe this is their first touch point with that,

0:14.2

is there anything we didn't cover?

0:16.6

Well, we could probably have a 24 hour conversation because I like to talk crypto, but I would just say,

0:23.1

you know, I just want to reiterate, you know, what we said earlier about DeFi.

0:27.7

Let me give you my number one talking point at the top.

0:29.9

Don't sell Bitcoin, don't sell Ethereum, you'll hear me say that all the time.

0:32.5

When it comes to decentralized finance specifically, like it is the horse and buggy

0:38.8

versus the automobile.

0:40.0

Traditional finance is the horse and buggy.

0:42.6

They fought it for years and years and years and years.

0:45.7

If you saw the stories about what people said about the horse and buggy and about how no,

0:51.1

it was definitely going to last forever and you know, it wasn't going out.

0:54.8

To hear people talking about the fear of automobiles, the reason why the United States actually became

0:59.3

the number one automobile producer is because in the UK, they had like all these archaic laws like

1:03.9

you actually had to have four people in a vehicle to be able to travel because you had to have one

1:09.2

person driving it, you had to have one person walking beside the vehicle, you had to have somebody

1:13.0

with a flag up ahead and behind because of that, the UK got left behind when it came to automobile

1:19.7

manufacturing. It's just a better product. There's no question about it.

1:24.8

Any, and I would just ask your audience to all look at yourselves deep in the soul and ask,

...

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