Published on: December 13th, 2021 • Duration: 41 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.