Ep. 370 - Managing DeFi Risk with Michael Beck from Union Finance
In this episode of CRYPTO 101, brought to you by StopSIMSwaps.com, we learn about DeFi risk from Michael Beck of Union Finance. He gives us a high level overview of how we should think about what a cryptocurrency is at a high level. Money of any type is really just a storage of energy, a unit of how much work went into creation of that money is a solid fundamental peg. Michael gives his thoughts on assessing DeFi risk vs reward, how Smart Contracts are or are not secure, and the pros and cons of interacting on Ethereum instead of a centralized exchange. He mentions the pitfalls that have led…
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