Summarizing Balaji's DeFi Matrix

budding note • Jan 28, 2022 •

On the Defi Matrix, which offers a way to represent each asset digitally and trade them like coin pairs. The wallet enables competition between all assets and allows pricing, comparing, and trading things that could never be done before. The DeFi matrix will make every digital asset compete against every other, which works as a check on the power of institutions that control fiat currency.

Core ideas taken from Balaji Srinivasan’s appearence on the Tim Ferris Show

What is it?

What it allows

How is this different from existing markets?

Analogy

Google News indexed all newspapers and made every local newspaper compete against every other. This killed newspapers that didn’t do real reporting. The DeFi matrix will make every digital asset compete against every other. It will work as a check on the power of institutions that control fiat.

What’s so big about this?


How Proof of Work enables Decentralized Consensus

NFTs *are* copyright

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