Happy Friday, Blockfolians
The One Thing You Need To Know
As of last night, the total amount in DeFi has hit $1 billion. Of course, it wouldn’t be crypto without there being 10 different conflicting opinions on the news.
The Rogues Gallery Reacts
Ethereans rejoiced; the DeFi curious squinted to take another look; the bitcoiners…well…they did their thing to.
Ryan Sean Adams - rsa.eth @RyanSAdams$1 billion locked in DeFi for the first time ever Bitcoin hit $1b in 2013 Ethereum hit $1b in 2016 DeFi hit $1 billion in 2020 Historical milestones Software eating money Software eating banks The next decade will be wild 🚀
Another Thing Worth Reading
For those who want a more substantive debate about DeFi not just connected to this latest milestone, we highly recommend the recent debate podcast between Udi Wertheimer and Haseeb Qureshi (annotated below by Eric Wall).
The Blockchain Debate Podcast @BlockDebateMotion: DeFi is DeFicient @udiWertheimer (FOR) vs @hosseeb (AGAINST) #blockchaindebate (Correct link below) https://t.co/nP6qP0JQ2x https://t.co/XxxXAvwvhD
An Actually Pretty Small If You Think About It Number You Should Be Paying Attention To
That’s the number of days between $1M and $1B locked in DeFi.
Captain Kirk is going to the Satoshi Roundtable