Debate: Is Ethereum Ready for Real World Assets? | Omid Malekan vs Austin Campbell (Crypto Professors)
Episode publishedPodcast: BanklessBankless
Transcript preview
Preview only
The people, the users, the assets, the companies who issue those assets and the governments who regulate those companies will find themselves on a decentralized network because it's the worst option except for every other one. And I think ultimately decentralization will win by default.
Austin.
I don't think we could ever get away from the real world or the constraints of the real world and humans are going to human. I think as a result, if we wanna bring the majority of real assets on chain, we're gonna be forced to acknowledge that reality. But I think the value of decentralized store of value systems is by providing people an opt out.
Welcome to Bankless, where we explore the frontier of Internet money and Internet finance. This is Ryan Sean Adams. I'm your only host today, David Zout, so I'm here to help you become more bankless. We have a debate episode today. I always love these. The debate is on the question of, is Ethereum ready for real world assets? Got two professors. I'm gonna tell you first what they share in common because I think that's interesting. They are both previous bankless guests. They are both crypto advocates, and they are both longtime friends and also coworkers. So why is there a debate? Why is there
up.
In the wild west of DeFi, stability and innovation are everything, which is why you should check out Frax Finance, the protocol revolutionizing stablecoins, DeFi, and roll ups. The core of Frax Finance is Frax USD, which is backed by BlackRock's institutional Biddle Fund. Frax designed Frax USD for best in class yields across DeFi, T bills, and carry trade returns all in one. Just head to frax.com, then stake it to earn some of the best yields in DeFi. Want even more? Bridge your Frax USD over to the Fraxel layer two for the same yield plus Fraxel points and explore Fraxel's diverse layer two
Megalix Nation, I've got a debate for you today. Everyone loves debates, and I think we're all gonna enjoy this. The question I think we're putting forward to the two gentlemen on this episode is how much does decentralization matter? That's the wide sweeping question. What are the implications for real world assets, for traditional finance, for government regulations, for our crypto native assets? And I have the perfect debate opponents to talk about this. Austin Campbell is professor at NYU Stern. He's a big stablecoin advocate, and he's a repeat bank list podcast guest. Austin, how are doin
Doing quite well. Thank you. And, excited to do this because as you get to Omid's intro, you'll find there's some significant overlap between the two
of us. Well, we get to see what you agree on, what you disagree on, so that'll be interesting. Omid Malaikin is a professor at Columbia. He is also a long time blockchain crypto evangelist. Omid, welcome back to Bankless.
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.