Article: ‘With DeFi, You Have Complete Access’ — The Week in Quotes

Crypto, Decentralized Internet, Money

‘With DeFi, You Have Complete Access’ — The Week in Quotes

Plenty of discussions this week occurred at the World Economic Forum. A key topic was decentralized finance (DeFi). Speaking at the “Behind the decentralized finance hype” panel, Rune Christensen of MakerDAO brought to light the future of DeFi and how it is growing rapidly.

Christensen explained how DeFi can be accessed by anyone:

“It doesn’t matter if you’re a hedge fund manager on Wall Street or if you’re one of the 1.7 billion people that don’t even have a bank account. With DeFi, you have complete access.”

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Article: US must embrace Bitcoin to counter Chinese ‘financial attack’ — Pomp

Crypto, Governance

US must embrace Bitcoin to counter Chinese 'financial attack' — PompUS must embrace Bitcoin to counter Chinese ‘financial attack’ — Pomp

“I do wonder at this point whether Bitcoin is to be thought of, in part, as a Chinese financial weapon against the U.S. It threatens fiat money, but it especially threatens the U.S. dollar,” Thiel had said in an appearance at the Nixon Seminar.

Asked whether this was a potential problem, Pompliano was quick to point out that Thiel was not an opponent of Bitcoin but rather that it, like the internet, could have both positive and negative consequences for Washington should policymakers make ill-thought-out decisions.

“I think what we’ve got to understand is that Bitcoin is an open, decentralized protocol,” he explained to CNBC’s “Squawk Box” segment.

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