DeFi Needs Clear Regulation; Or Does it? Feat. PaperImperium

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This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking to PaperImperium, the first and only pseudonymous crypto advocate, lobbying on behalf of MakerDAO in the corridors of power.

PaperImperium, or Paper, or Chris (his real name, but he’s not eager to publicize his full identify), is advocating for a transparent regulation for DAOs, or decentralized autonomous organisations.

DAOs are a brainchild of the crypto-anarchist tradition, and the idea implies that communities could make selections and resolve issues by widespread voting, utilizing their crypto tokens as voting mandates.

Interestingly, Chris isn’t an enormous fan of this concept itself, and he’s nonetheless on the fence on whether or not the idea is viable. Also, not everyone shares a perception that decentralized finance (DeFi) wants regulation in any respect, and just lately the DAO members voted down the proposal to compensate Chris for his work.

Why then is he so obsessed with educating congressmen and regulators about MakerDAO and all the things round it? What acquired him into crypto within the first place, and why is he so enthusiastic about Maker?

Listen to Anna, Ben and Danny speak to Chris about his observations concerning the moods in direction of crypto in Washington, D.C., his hopes for DeFi and different issues.

PaperImperium’s deal with on Twitter is @ImperiumPaper.

Mentioned on this podcast:

Meet the DeFi Delegate Knocking on the Doors of Congress

What Is a DAO?

This episode was produced, introduced and edited by Michele Musso. Our theme music is by Elision.