DeFi Degens Are Crypto’s Suicide Squad
Today on the Brief: Traditional markets falter, led down by tech stocks Bitcoin falls under $11,000 for the first time since July Stablecoins mint $100m daily since mid-July Our main discussion is about DeFi’s “degens.” NLW talks about: The...
September 4, 202017m 38s
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Show Notes
Today on the Brief:
- Traditional markets falter, led down by tech stocks
- Bitcoin falls under $11,000 for the first time since July
- Stablecoins mint $100m daily since mid-July
Our main discussion is about DeFi’s “degens.” NLW talks about:
- The numbers behind DeFi’s recent run up
- What “degen” means in this context
- Why degen is in part a reaction to previous bitcoiner critiques of Ethereum
- Why degen is (in even bigger part) a reaction to a no-yield, artificially low interest world