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London Real

JEREMY ALLAIRE - Why Stablecoins Open Up Financial Systems To The Masses

London Real

Brian Rose

Investing, Business, Technology

4.41.9K Ratings

🗓️ 16 February 2022

⏱️ 92 minutes

🧾️ Download transcript

Summary

Watch the Full Episode for FREE: 

https://londonreal.tv/allaire 

🚀 The DeFi Academy: https://londonreal.tv/defi

Transcript

Click on a timestamp to play from that location

0:00.0

I'd look at this similarly to how one might look at the adoption of other internet protocols

0:09.4

and technologies. So if you had an HTTP for money, that could unlock so much value for people,

0:15.9

for households, for firms, and you could actually lower the cost of exchanging value to zero,

0:22.0

just like it doesn't cost us anything to exchange data on the internet. Holy shit,

0:27.6

there's this system that can connect everyone all around the world, and there was no commercial

0:32.4

internet at the time. I was experiencing firsthand the decentralized nature of it. I was communicating

0:37.9

with people behind the iron curtain who were doing what we now would call citizen journalism,

0:43.6

documenting revolutions that were happening, and it was like holy shit. When I kind of went down

0:49.9

the rabbit hole on crypto starting in 2012, and then as I put together a circle, the immediate

0:58.4

intuition was, oh my god, if we can do for value exchange, what the internet did for information

1:09.6

and communications, it's going to be like way bigger than the web, way, way bigger. You're the

1:13.9

perfect I'd ask this question, will that change our lives and humanity more so than the internet

1:21.3

and more so than mobile phone technology? The impact in the world would be so much larger,

1:25.8

because you're talking about the organization of economic activity. This is also a natural evolution

1:32.4

of humanity, a natural evolution of social and economic organization.

1:48.4

The world is changing. Inspiration is everywhere.

1:54.5

It has never been so easy to connect, share, and bring people together.

2:03.9

We're learning from others and finding the best in ourselves.

2:12.0

Challenging our beliefs, sharing our vulnerability,

2:19.1

overcoming our fears.

2:24.3

Transforming ourselves, so we can transform the world.

2:30.8

How far can we go?

...

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