this is why this space is scaling so fast because silicon valley plus a bunch of rebels kind of realize that we can disrupt money too well with that said we've built this separate financial system based on bitcoin and then of course defy do you believe that defy can take that much of a market share of global banking or of these systems or do you think it becomes a side rail for the few who get it and no i think it will be i think it will be um available to everybody but the yields will go down because more money will go we have to yeah and so that's just how it works um but you'll get different yields from from using crypto versus us dollars but the fact that the dollar gets devalued all the time and crypto's more volatile there's different things that will the space will keep developing um and i think that staking is the big change staking is huge it's risk-free if you're going to keep your eath then staking for a yield is is a risk-free reward and somebody wrote about this on twitter today about well is the new government bond it's kind of interesting and the second level effect that i love of staking is you don't panic sell it's locked away you protected from yourself i think that that's the same case with multisig for for bitcoin if it's going to take you a week to get it to the exchange and sell it then you're going to be way too late to have panic sold when you wanted to anyways and you know all of us are used to having these money market locked funds you know these time funds so you know you get a bit of spare cash to get the extra yield when there were interest rates you'd lock it away for six months and you'd have this six month thing and you couldn't use the money and if you did you paid a penalty well this so happens that it's better yield and it's it's equivalent safe because it can't default on you theorem can't default nor can bitcoin that's a game changer different exchanges can different dNUMBER_TOKEN protocols can but staking can't i was just going to ask you then how do you view staking versus one of the central i guess people call them cNUMBER_TOKEN the the block fis and the celsius and nexos and voyagers of the world do you think that there's more risk in parking your assets there and gaining your yield from them than there is in staking it directly in the contract yes and you should be compensated with higher yields for it so you know it's the same as the bond market in the end money is efficient and what it will do is it will sniff out where high yields are um sometimes it's due to demand in which case more capital goes in and it goes down or it's to do with risk you know junk bonds have a higher yields than tripoli corporates right it's normal so eventually you think these inefficiencies effectively disappear from the market the market becomes bigger but the yields start yeah so you might say that celsius should have a higher yield than block file reverse and one will have you know and we've seen that with banks in the past block fives yields went from you know six percent to less than one percent or something on less than uh one bitcoin holding or something largely
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