Today I’m going to say some unpopular things about the world of Decentralized Finance (DeFi).

  • DeFi is filled with gamblers and speculators who are placing increasingly risky bets.
  • DeFi is building not the future of finance, but a parallel version of our riskiest financial markets.
  • Most people will lose money…

To the person with a hammer, everything looks like a nail.

You’ve heard this phrase before. It means when you have one tool, you see it as the solution to every problem. When you have one viewpoint, you see everything through that lens.

This is an enormous problem for blockchain…

Something significant happened last week: SEC Chair Gary Gensler likened bitcoin to gold.

After weeks of hemming and hawing about how the Securities and Exchange Commission would regulate crypto, the House Financial Services Committee brought Chairman Gensler in for questioning.

“Bitcoin … is a highly speculative asset,” he testified, “but…

Dear SEC Chair Gensler:

First, let me say I’m a little intimidated by your expertise.

  • You started as an investment banker at Goldman Sachs.
  • You were chairman of the CFTC.
  • You won the Alexander Hamilton Award (not for the musical, but the actual Treasury that Hamilton founded).
  • You reformed the…

Sir John Hargrave

Author of Mind Hacking ( CEO of Media Shower ( Making things better.

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