Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of "bitcoin free banking" originally described in 2010 by Hal Finney.
The leverage-fueled mania in crypto is over with yield arbitrage opportunities collapsing. How can companies still offer yield products above risk-free rates?
Rising interest rates may seem bullish for the bitcoin price, but a credit market unwind and hawkish central bank means a market selloff in the short term.
A conversation exploring topics from Aaron Segal's "The Revenge Of The Nodes", such as decentralization, declining fiat credit quality, and Bitcoin as pristine collateral.
