What exactly is DeFi, and what does it mean for the future of crypto? Edge CEO Paul Puey joins Tatiana and special guest Co-host Amber Urquhart to talk all about it!
DeFi, or Decentralized Finance, is the technology that many believe is the next logical evolution of cryptocurrency, making it possible to use cryptocurrency to collateralize loans, do futures investing, and other services that banks currently offer for far worse interest rates. Paul takes Tatiana & Amber in-depth to talk about how exactly it works, what you can use it for, and why he finds it so fascinating.
Paul also talks about how DeFi could affect gold-backed crypto services, app development in the crypto space, and how early DeFi projects’ airdrops were a net negative. Paul also discusses a real-world application, with an algorithm-based smart contract system that automatically moves your money into the investments with the highest returns, but also the risks involved in DeFi as an investment system. He also explains why Ethereum is likely to remain the backbone of DeFi for a long time to come, but also gives his thoughts on newer DeFi systems that take advantage of Bitcoin.
It’s a fascinating conversation with one of crypto’s biggest movers and shakers, so give it a listen, and don’t forget to subscribe through your favorite podcasting app!
About the Guest:
Paul is a proud Electrical Engineering and Computer Science graduate of UC Berkeley with a wide range of technical skills from low-level 3D graphics systems engineering to development of custom web CMS systems, back before people knew what a CMS was.
He held a lead engineering position with Nvidia and significantly contributed to the design of highly cross platform software architecture enabling code-reuse across multiple ASIC generations and across multiple operating systems. A stickler for proper architecture, he insists on projects being designed from the ground up for maintainability and scalability.
Most recently he applied his organizational skills to owning and operated several non-technical small businesses throughout California. There he implemented solutions to bridge the intersection between people, business, and technology and learned how incredibly important a fluid user experience is to the acceptance, adoption, and functionality of technology.
In his return back to tech in 2013, he is combining the wide range of life experiences and career paths to drive a company that bridges the complex technology of Bitcoin with the simplicity and function needed by the mass consumer and business owner. Being a strong advocate of the positive potential of Bitcoin, he also organizes regular Bitcoin meetup groups and presentations to help educate the general public.
When not converting people to Bitcoin you’ll likely find him climbing a rock in Joshua Tree or at a local climbing gym.
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