I’m a big fan of storytelling, which explains the first few paragraphs. If you’re short on time and you need your DeFi fix ASAP, click here to jump to the 3 projects you should start using today!
It was a wonderfully sunny day, right at the start of Corona/DeFi season. Outside, the call of birds and the smell of spring teased us outdoors, into the arms of a world bereft of its inhabitants. Green candles kept us glued to our screens as DeFi value took off like infection rates on the Diamond Princess. Nothing could have cured my COVID blues…
I’m just going to get straight to the point — the bull is back and with a vengeance. Bitcoin is up 60% year-to-date and a whopping 127% since the yearly lows of March 12. Meanwhile, altcoins have been on an absolute ripper throughout the year.
Retail investors are starting to feel FOMO. ‘Trading crypto’ is an acceptable answer to ‘What have you been up to?” once again. Institutions are buying, tech is evolving and crazy rallies are pumping adrenaline and dopamine into an industry that has pulled through a long crypto winter.
Those of us who were around last time…
In the aftermath of the Great Recession, Satoshi Nakamoto released code that demonstrated a decentralized, peer-to-peer system for sending and receiving currency, radically transforming finance in the process. Central to this new system, which powered the digital currency he called Bitcoin, was the underlying technology known as the blockchain-a distributed, digital ledger that would be maintained by its community instead of by banks.
The very genesis of blockchain was a rebellion against banks and the system they enabled. In the first Bitcoin block-the digital ledger entry that includes the first transaction ever made using this new currency-Satoshi wrote: “The Times…
During the current COVID-19 crises, central banks around the world have unleashed unprecedented stimulus measures to keep the economy afloat. In just 4 months, the US Federal Reserve has added $1.2 trillion to the M1 money supply. This infusion of liquidity has driven stock markets higher and enriched the capital class, all the while ordinary workers are suffering from closures, furloughs, evictions and retrenchment.
While no one could have foreseen the dramatic shock that was COVID-19, the flaws of the fiat currency systems have added salt to these wounds, leading to the gaping disparities we’re seeing today.
Fiat currency derives…
Be greedy when others are fearful, and fearful when others are greedy.
If there is one sentence that encapsulates Warren Buffet’s market thinking, this is it. The Oracle of Omaha is famous for his contrarian investment thesis which has cemented his status as one of history’s greatest managers of money. His method is really simple — where other people see low prices, he sees value.
Value investing, the strategy Buffet has ridden to great success, involves picking assets that are trading for less than their intrinsic value with the expectation that the market will eventually wise up to their true…
It might seem like a faraway dream, but it was a mere 2 years ago when the altcoins of the world were gearing up for one massive alt season.
Who didn’t grow up loving Donkey? Annoying as the Eddie Murphy-voiced character is, Shrek can always count on him for his loyalty and laughter as he quests to save Fiona from the fiery dragon. During the course of their journey, Shrek gifts Donkey an enlightening insight into ogre biology.
“Ogres are like onions… Onions have layers. Ogres have layers. Onions have layers.”
Well, Shrek, you know what else has layers?
Blockchains. Blockchain have layers.
Designers of base-layer protocols have shifted their thoughts on how to scale their creations. Whereas in the early years, the focus was on proving the robustness…
Tim Berner’s Lee, the humble genius that gifted us the World Wide Web, has recently been doing the rounds to lament the direction his creation has taken in the two decades since its birth. The British academic has watched in horror as the increased centralization of the web has produced “a large-scale emergent phenomenon which is anti-human.” His vision for healing a broken Internet closely mirrors the ethos of Web 3.0 builders, with a focus on true data ownership and robust privacy measures playing a central role in both camps.
dApp developers and the Internet’s founder are in agreement that…
Improving UX Is Crucial to the Future of Decentralized Applications.
Smart contract technology is only 4 years old. In the length of time it takes a human child to learn its first words, smart contracts have gone on to fuel a host of previously unimaginable applications. Over half a billion dollars are locked up on decentralized finance (DeFi) platforms such as Maker, Compound and Bancor while consumer applications and games are mushrooming across various base-layer protocols. dApps have gone from 0 to 1, from an abstract idea to real products with thousands of users. Yet, in order for dApp usage…
Your shaman through to crypto Nirvana. Proud Gunner. @timmycheeky on Twitter