Chapter
Decentralized Smart Contracts for a Global Lending Marketplace
1:07:51 - 1:13:08 (05:17)
Smart contracts that are decentralized can enable anybody to have access to a global borrowing and lending marketplace or a global exchange without having to go to all 200 countries in the world. This can provide opportunities for people who only hold their assets in cash, which tends to be poor people, to increase their wealth.
Clips
This podcast discusses Nixon Shock, how it erodes people's wealth by only holding assets in cash, and the importance of holding stocks or real estate.
1:07:51 - 1:10:26 (02:35)
Summary
This podcast discusses Nixon Shock, how it erodes people's wealth by only holding assets in cash, and the importance of holding stocks or real estate. Additionally, it explores Ray Dalio's view on fiat currencies and the thousands that have existed over time.
ChapterDecentralized Smart Contracts for a Global Lending Marketplace
Episode#307 – Brian Armstrong: Coinbase, Cryptocurrency, and Government Regulation
PodcastLex Fridman Podcast
Decentralized Finance, or DeFi, uses smart contracts to enable a global borrowing and lending marketplace without the need for traditional financial licenses.
1:10:26 - 1:13:08 (02:42)
Summary
Decentralized Finance, or DeFi, uses smart contracts to enable a global borrowing and lending marketplace without the need for traditional financial licenses. This is made possible through the use of cryptocurrencies and decentralized exchanges like Uniswap.