The Future of Financial Sovereignty The Role of DeFi and Smart Contracts

In this video clip, David Seroy, a core contributor of Sovryn, discusses the limitations of using Bitcoin as collateral in building a truly sovereign financial system.

Seroy emphasizes the importance of blockchain transparency, pointing out the cases of BlockFi and FTX as examples. He explains that without the ability to verify in real time that projects have the reserves they claim to have, there is a risk of lies and manipulation that could lead to collapse.

Seroy shares his insights on the role of DeFi and smart contracts in creating a more secure and transparent financial system and highlights the importance of open source codes in ensuring trust and accountability in DeFi.

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╚═★ 𝑈𝑠𝑒𝑓𝑢𝑙 𝐿𝑖𝑛𝑘𝑠: ★═╝
Full Interview: https://www.youtube.com/watch?v=EvNbo-DDEcg
Sovryn: https://www.sovryn.app/
Rootstock: https://rootstock.io/
We Are Bitcoin: https://wearebitcoin.world/

꧁☆★ 𝒯𝓌𝒾𝓉𝓉𝑒𝓇 ★☆꧂

David Seroy: https://twitter.com/david_seroy
TradFi to DeFi: https://twitter.com/TradFitoDeFi
Sovryn: https://twitter.com/SovrynBTC
Rootstock: https://twitter.com/RSKsmart
We Are Bitcoin: https://twitter.com/wearebitcoin_