Synthetic Products You Can Trade with BTC VIX

Today we are talking with BTC VIX, admin of both WallStreetBets and SatoshiStreetBets. He describes himself as part of the core libertarian movement, being very skeptical of the Fed and central banks printing money. It was in this movement that he stumbled upon crypto and went down the rabbit hole. BTC VIX says he hasn’t looked back since 2013. He was part of a group of traders and a community was born out of that. That community then merged into a Telegram group and continues to progress. BTC VIX says he wasn’t a developer, so instead he became more about community building and expanding out trading products.

The WallStreetBets is a movement that was founded on the principle of you having autonomy. Just in the last two years, we have had synthetic products you can trade. BTC VIX calls our attention back to the 2008 housing crisis, where we didn’t see any bankers go to jail. People wanted political change, and you can either do that through voice or exit. People began by using their voice to protest, but that didn’t really work. People then wanted to use their money to get revenge. Finally, DeFi is an exit out of the Wall Street game. VIX explains how the GameStop scandal was a way to stick it to the man.

With a consistent lack of transparency in the current system, an exit into DeFi would equalize the playing field. That’s not to say that DeFi won’t have growing pains associated with it, but the main goal is for DeFi to go borderless. BTC VIX asks why can’t someone in the US buy Samsung stock? It’s about giving access to people that wouldn’t otherwise have access to all these instruments. In DeFi, there is no oppressor. BTC VIX hopes to see a scenario where companies pause and say ‘we don’t want to list on Nasdaq, we want to list as a token’. That’s when things will get a lot more momentum.

BTC VIX is cautiously optimistic about the future of DeFi. If you’re in the same boat and would like to follow BTC VIX journey, you can find him on Twitter @BTCVIX. You can also follow WallStreetBets and SatoshiStreetBets on Telegram.

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