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From Traditional Finances To Crypto, MakerDAO COO Reflects On His Entrance Into The Space

 
From Traditional Finances To Crypto, MakerDAO COO Reflects On His Entrance Into The Space
Breaking News / Cryptocoins
  • The President and COO of MakerDAO spoke in a recent interview where he discussed how he got started in the crypto space.
  • For those who don’t know, MakerDAO is a one of a kind dApp that generates the Dai coin.
  • Becker spoke on his professional background as and how he got into the crypto space as well as when he started getting involved with the industry.

The President and COO of MakerDAO, Steven Becker spoke in a recent interview where he discussed how he got started in the crypto space as well as talking on the benefits of decentralised finance, the successful launch of multi-collateral Dai, advantages of using the Dai savings rate, his crypto predictions for 2020 and more.

For those who don’t know, MakerDAO is a one of a kind dApp that generates the Dai coin. This is a world-first for decentralised stablecoins that facilitates economic growth on the blockchain as well as empowerment with the blockchain.

Becker spoke on his professional background as and how he got into the crypto space as well as when he started getting involved with the industry.

“Before entering crypto I was involved in the traditional finance space. I have been involved with a wide spectrum of businesses, ranging from interest rate derivatives trading, running an equity fund all the way through to corporate finance and private equity. At the center of all of this has been risk management. So you can say that my profession is risk management.

I was aware of Bitcoin and Ether since 2016 but never really thought much of it. I was more interested in the underlying blockchain technology then the tokens. But it was MakerDAO that really got me into the crypto space in April of 2018.”

As previously reported by CryptoDaily, talking in a recent podcast, Rune Christensen, the founder of MakerDAO said that the leading cryptocurrencies, Bitcoin and Ethereum both have the potential to become digital gold. Despite this, Christensen recalls the original vision that BTC envisioned in the beginning and he went onto indicate something completely different is happening to bitcoin now. He believes that this is what drove a lot of people to the other cryptocurrency in the space, Ethereum. 

Christensen added:

“So I mean, it’s just like there’s different types of technology that have different use cases, right. And Bitcoin’s use case turns out to be digital gold, which is great, but it’s not the original vision of digital cash.”

We will go back to the rest of this interview tomorrow!

For more news on this and other crypto updates, keep it with CryptoDaily!

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