Show notes
Decentralized Finance (DeFi) is an emerging financial technology that is based on peer-to-peer transactions through blockchain technology. Via blockchain, DeFi increases access to financial services, circumventing traditional financial institutions like banks. But DeFi is constantly evolving. And because it is unregulated, it is riddled with infrastructural mishaps and controversies. In part three of this four-part series on cryptocurrency, Dylan talks about DeFi and how it works, its promises, and what it could mean for the future of finance. Show Highlights [02:45] A real-world example of a “pseudocryptocurrency” [05:01] DeFi and its promise [08:30] How Bitcoin fueled the Canadian truckers’ protest [11:18] Why DeFi isn’t unstoppable and untrackable [12:53] How the Canadian truckers’ protest proved the FBI can seize cryptocurrencies [13:51] Why DeFi isn’t anonymous [15:38] Why DeFi can’t and shouldn’t be judged by its current abilities [17:56] On whether cryptocurrency will be a core part of a future financial system Links and Resources Part 2: Making Sense of Bitcoin and the Blockchain Part 1: Money Talks: What Money Is and How It Works Fiscally Savage Fiscally Savage Tools Fiscally Savage on Instagram Fiscally Savage on Facebook Fiscally Savage on Twitter
