Big Al sees staking as an algorithm that guarantees the rich get richer, but which cryptocurrency will reign a century from now?
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Featuring Big Al and Ash Bennington
Dec 13, 2021 • 40 minutes
After his day job at a hedge fund, pseudonymous crypto writer Big Al spends his free time in search of value that will last generations. Al claims we are in the midst of a massive DeFi bubble. Many of the yields touted by DeFi lenders are the result of rehypothecation and income being denominated in tokens that have no proven value. A vehement critic of the proof-of-stake consensus system, Al sees staking to earn yield to be an algorithm that guarantees that “the rich get richer”, contrasting with the DeFi community’s mission statement to “democratize finance” and bring funding to the unbanked. Find out which cryptocurrency Big Al believes will be the number one market cap cryptocurrency 100 years from now and why. Interviewed by Ash Bennington on November 30, 2021.
Show MoreIn the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.
More EpisodesIn the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.
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