I’ve always preferred calling it Open Finance over DeFi. For non-crypto people (i.e. the people we are trying to get to adopt this stack), decentralization doesn’t mean much.
@TrustlessState@crypto_yang@MakerDAO @richatmakerdao @Davidutro They seem orthogonal. Value accrual for BTC is predominantly as a SoV. High level argument here is a MoE (Dai) will siphon value accrual away due to adding BTC as a collateral choice. At scale, it should act as a velocity sink for BTC leading to add’l value accrual.
Some call me "Whale Fucker". Alright. There's a private club of a few dozen Maori men and one butch woman - that meet in Molokai each year to fuck a whale. True. Men on padeleboards herd the whale while one tries to fuck it. Wouldn't let me in the club. Tried it alone. Epic fail.
@crypto_yang@mdudas@coinbase “In the short run, the market is like a voting machine — tallying up which firms are popular and unpopular. But in the long run, the market is a like a weighing machine — assessing the substance of a company.” - Benjamin Graham
“bUt iF u lOok aT tHe 30 dAy vIEw” - Dudas