The Rise of MakerDAO: A Personal Journey - Ep.167

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 14 April 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mariano Conti of MakerDAO, head of smart contracts at MakerDAO, reads from his essay about his personal experience with cryptocurrency, particularly as an Argentine whose family has experienced periods of hyperinflation, and as a freelancer accepting payment from foreign countries. He describes the evolution of Maker from single-collateral Dai (now Sai) to multi-collateral Dai, and also gives his perspective on the events of Black Thursday and the subsequent debt auctions the protocol undertook to right itself. Thank you to our sponsors! Crypto.com: https://crypto.com/ Kraken: https://www.kraken.com Episode links: Mariano Conti: https://twitter.com/nanexcool Linda Xie’s essay about crypto memes on Unchained : https://unchainedpodcast.com/how-memes-can-help-crypto-go-mainstream/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Unchained is about a lot more than just podcasts.
0:03.0	On our website unchained crypto.com,
0:06.0	you can also find crypto news, web three tutorials,
0:09.0	and original videos.
0:10.0	Check it all out at unchained crypto.com.
0:13.0	Hi everyone this week, which is my last week in the series of essays that I'm running, I have an essay for you by Mariano
0:26.5	Conti of Makerdow.
0:28.6	This is definitely the most personal of this series and this essay really shows how cryptocurrency has changed lives, which is something that I think a lot of people in the industry are striving for, but obviously that hasn't happened yet on a large scale.
0:42.0	Mariano also covers the events of Black Thursday in Maker Dow,
0:46.2	and I know that this is an event a lot of people are still analyzing.
0:50.7	It's a fantastic essay and I look forward to hearing your feedback.
0:54.0	And now here's Mariano Conte reading from his essay,
0:58.0	The Rise of Maker Dow, a personal journey.
1:01.0	In response to the challenging times, crypto.com is waiving the 3.5% credit
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1:14.0	Krakhan is the best exchange in the world for buying and selling digital assets. It has the tightest security, deep liquidity, and a great fee structure with no minimum or hidden fees.
1:27.0	Whether you're looking for a simple Fiat on-ramp or futures trading,
1:31.0	Krakan is the place for you.
1:35.5	The Rise of Maker Dow, a personal journey by Mariano Konti.
1:41.1	My grandparents died without access to their life savings.
1:44.0	You see, in 2001, Argentina had one of its worst economic crisis to date.
1:50.0	The Argentine peso for years artificially pegged 1 to 1 to the US dollar could not hold on to its peg anymore.
	...

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