Ep. 355 - Deep Dive on Crypto Oracles w/ Band Protocol founder Soravis Srinawakoon

In this episode of CRYPTO 101, brought to you by pNetwork and pTokens, we got some great insight into the future of DeFi with Band Protocol Co-Founder Soravis Srinawakoon. Soravis is our very first guest from Thailand and he gives us the insider scoop on the crypto landscape thriving in the land of Boon-nam. As an early investor in crypto oracle technology, Soravis is an expert and gives us the 101 on why this is such a critical piece of infrastructure. The main topic we kept returning to is the real potential of DeFi; would it remain a growing niche, or perhaps replace the entire financial system? On one hand, you have all of the power built on smoke and mirrors on a hidden over leveraged balance sheet that has been compounding for hundreds of years. On the other hand, DeFi brings fundamentally pure value on transparent blockchain, that can decide for itself what rules to comply with and what rules to disregard. At some point, the threat of DeFi becomes a promise, but it has a long way still to go. Lastly, we got his thoughts on the Kucoin hack, and the collaboration of many other exchanges to help out. There is a long ongoing debate on immutability vs intervention when these enormous security breaches take place. While Kucoin has mostly recovered at the time this podcast airs, the actions and inactions that took place industry wide will be felt forever. Sponsored link: https://p.network/ https://twitter.com/pNetworkDeFi Guest Links: https://twitter.com/BandProtocol https://twitter.com/SSrinawakoon Show Links: https://CRYPTO101podcast.com https://CRYPTO101insider.com Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2020 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Our Sponsors: * Check out Omaha Steaks and use my code BEEF for a great deal: https://www.omahasteaks.com * Check out Quince and use my code quince.com/CRYPTO101 for a great deal: https://www.quince.com * Check out Scribe and use my code scribe.how/CRYPTO101 for a great deal: https://scribe.com * Check out ShipStation and use my code crypto for a great deal: https://www.shipstation.com * Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy