EP: 57 MakerDAO Project Updates & Macro Insights
Does it not strike anyone as absurd that if we all went to the bank to withdraw our money, there wouldn't be enough? Isn't it odd that we are okay with banks lending out our cash at a 10-to-1 ratio? Does it not seem a bit crazy that our purchasing...
An episode of the The Bitcoin & Crypto Podcast w/ Jeff Kirdeikis podcast, hosted by Jeff Kirdeikis, titled "EP: 57 MakerDAO Project Updates & Macro Insights" was published on November 10, 2019 and runs 60 minutes.
November 10, 2019 ·60m · The Bitcoin & Crypto Podcast w/ Jeff Kirdeikis
Summary
Does it not strike anyone as absurd that if we all went to the bank to withdraw our money, there wouldn't be enough? Isn't it odd that we are okay with banks lending out our cash at a 10-to-1 ratio?Does it not seem a bit crazy that our purchasing power is tied to a currency that undergoes mass amounts of inflation annually, AND could snap into hyper-inflation at any time?Do we really feel a savings account rate of less than 1% make sense in a world where that doesn't even keep pace with inflation?Are we really okay with paying almost double the purchase price of our houses because our mortgage rates are so high and uncompetitive?What if there was a single solution that covered each and every one of these issues.DeFi is going to shake shit up.- Asset backed- Flexible currency peg- Hyper-competitive savings rate- Hyper-competitive loan ratesOnce the digitization of physical assets like houses and cars for collateral go mainstream, DeFi will become unstoppable.In this conversation we chat about MakerDAO’s planned upcoming launch of multi-collateral DAI, and the DAI savings rate. We also chat on the value of Defi in our current global markets, and what the future may hold for MakerDAO.* The thoughts of Cryptocurrency Investing and it's affiliates are not financial, legal, personal or trading advice. Cryptocurrency Investing is an educational platform. Investment decisions should not be made based on the content provided.
Episode Description
Does it not seem a bit crazy that our purchasing power is tied to a currency that undergoes mass amounts of inflation annually, AND could snap into hyper-inflation at any time?
Do we really feel a savings account rate of less than 1% make sense in a world where that doesn't even keep pace with inflation?
Are we really okay with paying almost double the purchase price of our houses because our mortgage rates are so high and uncompetitive?
What if there was a single solution that covered each and every one of these issues.
DeFi is going to shake shit up.
- Asset backed
- Flexible currency peg
- Hyper-competitive savings rate
- Hyper-competitive loan rates
Once the digitization of physical assets like houses and cars for collateral go mainstream, DeFi will become unstoppable.
In this conversation we chat about MakerDAO’s planned upcoming launch of multi-collateral DAI, and the DAI savings rate. We also chat on the value of Defi in our current global markets, and what the future may hold for MakerDAO.
* The thoughts of Cryptocurrency Investing and it's affiliates are not financial, legal, personal or trading advice. Cryptocurrency Investing is an educational platform. Investment decisions should not be made based on the content provided.