#81 - Will Fiat Currencies Die Out? Artwork

Web3 Innovators

In Web3 Innovators, Conor Svensson, founder of Web3 Labs speaks to those folk changing the face of finance and other industries with web3 and blockchain technologies. Each week he speaks to a new guest who shares insights from their own journey with web3, giving you the chance to learn about challenges they’ve faced along the way, and how it's impacting their industry right now and will in the future.

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Web3 Innovators

#81 - Will Fiat Currencies Die Out?

September 06, 2023 • Conor Svensson • Season 7 • Episode 6

In this episode of Web3 Innovators, your host Conor Svensson chats with Oleg Giberstein, COO and co-founder of Coinrule. Coinrule is a user-friendly platform for automated trading in the crypto space. Oleg shares his journey from a background in banking and risk roles to diving deep into the world of crypto and blockchain. He discusses the concept of non-state controlled currencies, the challenges and potential of DeFi, and the importance of liquidity for the adoption of crypto. They also touch on stablecoins, the future of payments, and the role of blockchain in privacy and transparency.

Standout Quotes:

• "At the end of the day, what is money? The key question is not even the medium of exchange itself. The key question is who sets interest rates?"

• "This trend is really supported also by the rise of retail available AI because in the future you don't need JP Morgan to tell you what to buy. You have an AI assistant that kind of runs on live market data and gives you trading ideas."

Episode Highlights:

Oleg shares his journey into the world of crypto and blockchain, driven by an interest in private currencies and monetary policy.
The appeal of non-state controlled currencies and the complexities of interest rate decisions by central banks.
The analogy between religion's historical influence and central banks' role in the economy.
The role of choice in crypto adoption and the potential of different currencies serving various purposes.
The challenges of working with exchange APIs, particularly in the decentralised finance (DeFi) space.
The potential for AI in trading and the impact on retail traders and investors are explored.
The challenges and potential of DeFi, along with centralised and decentralised stablecoins, are discussed.
Coinrule's upcoming partnership with Coinbase, expansion into traditional securities, and the launch of a strategies marketplace.

Resources:

Website: Coinrule

Twitter: @CoinRuleHQ

LinkedIn: Coinrule

Contact Oleg Giberstein: LinkedIn | Twitter

Oleg Giberstein is the Co-founder and COO of Coinrule, a Y Combinator-backed platform that simplifies automated cryptocurrency trading for retail investors. Holding an MPhil degree from the University of Oxford, he gained experience in Banking and Risk roles at Citigroup before diving into the world of blockchain. Passionate about the technology, Oleg is also a co-organiser of CryptoMonday, London's longest running crypto meetup, and has play

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