# DeFi Didn't Break with Dan Morehead & Joey Krug

*Author: David Hoffman*
*Published: Jul 27, 2022*
*Source: https://www.bankless.com/defi-didnt-break-with-dan-morehead*

---

Dan founded Pantera in 2003, then pivoted into cryptocurrency in 2013 and went all in on crypto, and is the firm's CEO. Joey joined Pantera in 2017 as co-CIO and is a seasoned builder/investor in the crypto space.

Both repeat Bankless guests and both know more than a thing or two about crypto and investing.

---

### TIMESTAMPS
0:00 Intro

6:15 The Past Few Months

10:28 Crypto's 2008 Moment

12:40 The Mainstream Media Story

16:45 CeFi vs. DeFi Confusion

21:45 Media Incentives 

24:00 DeFi vs. Wall Street

30:45 DeFi is Too Referential Critique 

33:38 DeFi Worked Great 

37:05 Transparency Thoughts

43:15 2008 Prevented with DeFi?

49:35 Educating Retail

53:39 Was This Surprising? 

55:00 Quick Macro Takes

58:20 Closing & Disclaimers

---

### RESOURCES
Dan Morehead

https://twitter.com/dan_pantera

Joey Krug

https://twitter.com/joeykrug

DeFi Worked Great 

https://panteracapital.com/blockchain-letter/defi-worked-great/

Pantera

https://panteracapital.com/
---

*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=defi-didnt-break-with-dan-morehead)*