MakerDAO

“What the maker system is attempting to do, and I view it as hugely ambitious with, you know, likely a high chance of failure, but if they can pull it off, it's massive”

“Part of our experience of growing up has been to not be afraid of leadership. Leadership is so big. With humans, whether they're coordinating on mass scales, on micro scales, or anything in between, you know, we've really learned that a good leader is worth ev…”

“If the MKR holders do a good job, then we can expect MKR to become more scarce over time.”

“Now I do think it almost starts to create systemic risk at around, say, five percent of all ether.”

“It's about two percent of all ether is, is held in the MakerDAO contract, and now that's hard capped by the protocol.”

“In their first year, year and a half of existence, they issued two hundred million dollars worth of these effective self loans. And that is, if we want to look at a public market comp like Lending Club, it took Lending Club five years to get to that kind of ut…”