Robert Leshner - Decentralised Finance Will Change The World: It's Cheap, Fast, Reliable, Transparent & Efficient
London Real
Brian Rose
4.4 • 1.9K Ratings
🗓️ 16 September 2021
⏱️ 44 minutes
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Summary
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Transcript
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| 0:00.0 | One of the things I've set out to do with my whole life, my whole career is to build a |
| 0:05.1 | financial market that's the opposite of that, where it's not run by lots of brilliant |
| 0:10.5 | people doing complex math. It's run by computer code, doing math. And it's doing it as open |
| 0:17.9 | source, computer code in a way that anyone can have visibility into, anyone can audit, |
| 0:23.2 | anyone can inspect and understand the workings of this financial market. This is what we |
| 0:28.9 | call DeFi today. If there was someone or something controlling Bitcoin, you wouldn't |
| 0:33.5 | trust it enough, I guess, to give them a dollar of your money, because you would assume |
| 0:37.3 | they might do something funny in the long run. If Bitcoin were run by the Bitcoin corporation, |
| 0:42.7 | it would be more of us. The value of Bitcoin comes from the fact that no one person controls |
| 0:47.5 | it, right? And that means that no one can shut it down. It's going to run forever. |
| 0:52.1 | It's like extremely anti-fragile. It's decentralization is what gives it value. And if it wasn't decentralized, |
| 0:57.9 | I wouldn't pay a dollar for Bitcoin. I think the biggest challenge is convincing people |
| 1:03.3 | that DeFi and crypto is not only here to stay, but is better than existing financial systems. |
| 1:10.0 | And just opening people's minds to the fact that eventually most assets are going to live |
| 1:14.7 | on blockchains instead of traditional financial markets. And they have to start getting prepared |
| 1:19.7 | for it today. Oh, we'll be fine. We'll figure it out. But they're not going to figure it |
| 1:24.2 | out by doing nothing. And a lot of them have this illusion still that they don't have to change |
| 1:29.7 | anything and get started. The world is changing. Inspiration is everywhere. It has never been so easy |
| 1:48.7 | to connect, share, and bring people together. We're learning from others and finding the |
| 1:56.3 | best in ourselves. Challenging our beliefs, sharing our vulnerability, overcoming our fears, |
| 2:14.5 | transforming ourselves so we can transform the world. How far can we go? |
| 2:23.7 | This is London Real. I am Brian Rose. My guest today is... |
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