Tag: Defi
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Is saving your money in the bank really worth it?
If you know anything about financial literacy, saving your cash is an essential part. Whether to have a rainy day/ emergency fund, save for a purchase, or anything in between, keeping your hard-earned money will lead you to the financial promise land. However, we have come very far from the piggy banks and saving money…
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Cryptocurrency and Defi may be your best chance for financial wealth
The state of finance at this moment has never been better. We have lived through a financial crisis, wars, and a pandemic. The most significant economic era is the 21st century. Yet, even with that, banks give a nominal interest rate to their customers on their savings account and charge services fees for checking and…
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A Guide to Stablecoins
When we talk about cryptocurrencies, Bitcoin and Ethereum come to most people’s minds, which passes onto Decentralize and Open finance. But this should not be the case since I don’t see in any foreseeable future using BTC or ETH as fiat currency for many reasons that I will have to explain in another post. The…
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Why should we care about Defi?
Decentralized and open finance is the new frontier, and for some of us are all in on this new technology, but for some that are just entering into the crypto world by investing in Bitcoin or Ethereum, the question still is: Why should we care? The fact of the matter is that defi is a…
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There is no such thing as the Ethereum Killer
Since the ethereum launch, it has been one of the best things in technology since the creation of operating systems. The ability that eth has given developers to create applications via smart contracts because of this Decentralize and Open finance has been able to thrive. Ethereum is this fantastic tool but is not perfect, and…
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Stop listening to billionaires talking about crypto
Lately, with the recent crypto-cash, we have seen what I call “The blame game” This is what mainstream media does to get attention and look like they know what they are talking about, so far, the two people that are pointing the finger at are Elon Musk and China. There may be something there with…
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Why Defi is not ready for primetime in 2021
I love Defi and the whole concept and idea around it. The fact that everyone can have credit not based on what a bank, credit company, or corporation says but just on the base of a smart, permission less, decentralized contract anywhere in the world no matter what is just fascinating. Now Defi is here…
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Will Decentralized Finance be the Next Financial Disruptor?
originally posted on my Publish0x profile. Time for straight talk! For over several decades, the financial system and institutions have shown alignment with those with the most means. Exuberant banking fees, high-interest rates, and penalties have left too many indebted, at the mercy of those who are enriching themselves. Make no mistake, I support capitalism…
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What is Defi?
So I guess the first thing we should ask ourselves is: What in the hell is Defi? You may think this would be an easy thing to explain, but it’s not. Explaining this will depend on who you ask; the definition should be pretty standardized, but this is a very young field, so what we…