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Big Al’s DeFi Thesis: Are We in a Massive Bubble?

In this video, pseudonymous crypto writer Big Al explains his thesis on why he believes the industry is in a massive DeFi bubble. A vehement critic of the proof-of-stake consensus system, Al sees staking to earn a 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. 

Interview by Real Vision's Ash Bennington on November 30, 2021.