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London Real

MICHAEL ROSMER - DEFIYIELD: The Wall St. Era is Over! How To Control Your Digital Assets & Invest Safely

London Real

Brian Rose

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

4.41.9K Ratings

🗓️ 20 March 2022

⏱️ 111 minutes

🧾️ Download transcript

Summary

Transcript

Click on a timestamp to play from that location

0:00.0

This is the biggest financial revolution in the history of in the last hundred years for sure.

0:07.0

For so long, you've had a set group of players who can participate and it's great for them, you know, fantastic.

0:15.0

You get to make lots of money, but normal retail people could not participate.

0:19.0

So, DeFi changes all that. It creates a situation where you can be somebody in Africa and Uganda,

0:25.0

and you can raise a hundred million dollars for some Dow to invest in different projects.

0:30.0

It's just like massive democratization of finance in a way that we have never seen in the history of the world.

0:35.0

You have to be part of the best of the best security club, you can get a look at that.

0:40.0

Now, potentially everyone in the world can get a look.

0:43.0

It used to be if you wanted to give money to your uncle.

0:45.0

You're sitting there on the couch with them and you polish your money and you hand them some money. No problems.

0:50.0

So, today you have to trust a bank to send money to your uncle. So, you shouldn't have to trust a bank to send money to your uncle.

0:56.0

And equally, you and I are sitting here conversing. That's great.

0:59.0

But today, most of the communication you have to trust Zuckerberg.

1:02.0

To communicate with them, you shouldn't have to trust Zuckerberg to communicate with your friends.

1:06.0

Literally, you can memorize that twelve-word phrase and walk across a border.

1:10.0

No one has any idea that you have it at all.

1:13.0

You go to the other side, you plug in your metamask or whatever, you put in your phrase and you've got all your money.

1:18.0

You're amazing. Yeah. A billion dollars. You could walk across a border like that. Nobody has any idea.

1:24.0

This is the dot-com boom over again.

1:27.0

How many people wish they could have gone back to the dot-com boom and bought Amazon?

1:30.0

Right? If you care about freedom, you should care about crypto.

1:33.0

Amen to that.

...

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