This Country Pays 45% Interest On Your Money | Ep 154

<p>Takeaways:</p><p>- Even industry insiders get quietly overcharged by their own banks. Doug found out the hard way as a retail client at his own institution.</p><p>- A tokenized commodity only works if the value is computer-determined, not a person&#39;s subjective opinion. That&#39;s the actual innovation behind Diamond Standard.</p><p>- Growing too fast without enough runway is its own kind of failure. Doug&#39;s company went from 40 people to 12 after an event nobody saw coming.</p><p>- &quot;Come home the same person&quot; is a trading-desk survival skill that works just as well for founders. Doug credits it with 18 years at one of the highest-pressure trading desks in the world.</p><p>- Banks aren&#39;t the enemy of platforms like Yield FX. They&#39;re a customer, because new deposits without acquisition cost is something every bank wants.</p><p>- The biggest adoption curve in finance took over 30 years, voice brokers to algorithmic to AI. Doug doesn&#39;t think full tokenization takes that long, but he doesn&#39;t think it&#39;s five years either.</p><p><br></p>