I to have been seeking a friendly place; and not sure its advisable to go where there is no laws for you risk picking up and going again when they “chase” yu out again. Suggest a supporting place building, for digital assets to thrive because of the law. Check a couple vids i found her via Raoul Pauls RealVision Crypto channels:
https://www.youtube.com/watch?v=76r2WKMtuVU
As i read, i am floored! Like taking the words literally out of my mouth or were you listening to my discussion with a Grandma over Sunday night supper hour, or what, Ulrich??
i am right there with you and want to add the concepts and utility of Financial and estate planner, yet tax avoidance planner, and one that furthermore fulfills the function of Will and of Power of Attorney and Executor plus span across subsequent generations of babyboomer and through you to your and their kids maybe too
Pretty cool
Hello to everyone and special hi to Amadeo “Kamusta”.
Now, I don’t want to be a wise guy/smarty. But If people can not pay with cryptocurrency at Supermarkets, at Amazon, at Netflix, for buying railway and airway tickets, for paying at a bakery or a small restaurant or…etc, then cryptocurrency would not grow to the levels that all of us wish and want it to achieve.
In my very simple opinion, there should be a code+progress which converts major kinds of cryptocurrency into USD / Euro immediately and everyone can use it easily from his/her smartphone WITHOUT paying high fees or gas or…etc. ( Only monthly reasonable and stable fee can convince a normal person to use it).
In my very simple opinion, the code which can do and achieve this idea, will be the next multi Billionaire company.
It will be bigger and stronger than all banks, Visa, Master…etc.
The first Bank which cooperates with this idea, will be the biggest bank known at the whole history of the currency!
Even if the USA, EU, China, Japan and Russia issues a National digital currency, this idea will remain usable, because the application is going to convert the cryptocurrency that a person owns at his smartphone to a USD/EURO or digital USD/EURO!
What we saw a few weeks ago with the GameStop pump was a great example of the need to use blockchains for settlement. With T+2 days to settle a trade and extreme volatility there were significant challenges in the plumbing of the financial system leading to calls for collateral which forced Robinhood to limit trending while it got bailed out. If settlements were recorded on a blockchain then this would not happen. It also would not be possible to have more short positions than there are shares in a company. The transitional financial system is antiquated and ripe for disruption.
I love the course too, do you think there will be defi 301?
Hey Amadeo, I would have to say man I think Binance Smart Chain owes you a check… Or were you secretly working wit them the whole time because they straight stole your idea…lol
I love this course. So much valuable information. Thank you Amadeo!
Amazing how the DeFi projects you showed us on everest.link almost a year ago have now grown from 80 to 800! The DeFi universe is exploding. I don’t know how you keep track of all the new projects that come up every day. I therefore follow you closely on YouTube and social media to get the latest information about the DeFi universe.
I have a background as a financial advisor so I was thinking of setting up a business as a DeFi Advisor (Decentralised Financial Advisor=DFA). They can pay me in crypto ;-). Just helping people realise 10%+ interest on their cash or stable coins on some of the DeFi platforms would make a lot of people embrace DeFi and the cryptocurrency universe.
In his recent video “Web3 Development 2021”, Ivan mentioned that we still need servers to store contact information since there is no other way for web3 developers to get in touch with users if they are using DEFI dapps only through their web3 wallets such as MetaMask.
At that moment I was thinking… Since Ethereum blockchain already stores public addresses that interacted with your smart contract, maybe there should be some kind of web3 wallet plugin that could support e-mail-like messaging. I immediately found there are already some solutions available, like mailchain…but of course, they are not practical to be used on Ethereum mainnet because obvious problem with fees and privacy. Solution might be in some kind of Layer 2 option that would make these messages cheap and private or even better if one of Ethereum 2.0 shard chains would natively support messaging with near to zero gas fees and implement some kind of privacy enhancing cryptographic technologies like zk-SNARKs. My technical knowledge is still limited to be able to see why this would not work but I think that this is important missing link in making DEFI dapps more autonomous from centralized infrastructure.
Bingo. When I caught wind of what happened Gamestop and Robinhood and Citadel, I told my brother-in-law (who is also a crypto and DeFi enthusiast) “This is exactly why we need DeFi!”
I love the idea of real-world assets being brought onto the blockchain and one area I could see this working is in the rental industry here in the U.S. Right now, only tenants are required to provide a security deposit to landlords. If the terms of a lease were enforced by a smart contract, good behavior could be incentivized by both parties making deposits into the contract to be held for the duration of the lease. A deposit could be immediately forfeit if the agreement is broken by either party according to the terms programmed into the contract. Similarly, once a lease’s duration has concluded, the contract would selfdestruct and return all funds to appropriate parties. I think that could be very interesting way to try to hold everyone involved accountable.
There is no reason why landlord should lock deposit into contract. Even if there is an interest who gets it? It might work but landlords would loose freedom.
Why would I lock few month of rent into contract when I can have another tenant who does not care ?
This is what I wrote 9 months ago in the Defi 101 forums:
“It’s tough for me to say what building block of DeFi I want to work on. I can’t yet say that I’m a competent programmer, so once I finish the courses on programming and have a few projects under my belt, I can revisit the DeFi space and see if any new or pre-exisiting projects catch my attention. I watch Ivan’s videos on Youtube so I’ll be getting a general overview of the space on the weekly as I learn the possibilities of programming on the blockchain.”
Now I still wouldn’t say I am a competent programmer, but I would say that I am a confident programmer: confident that I can learn from online resources such as videos and documentations, in order to build whatever I need to build.
But what do I “need” to build? What do I want to build? Having just read through other people’s answers on the forums, there are plenty of ideas floating about. It’s mainly just a matter of building them. So given that: I will press on with the course; continue to improve my programming fluency; and maybe I can incorporate an element of decentralization into my next project (the project that is part of my study plan).
Hi
You can find me at
https://www.linkedin.com/in/drmark-jones/
I came into this in 2018 doing an Etherium blockchain course.
I have an MBA and done courses and talks at London Business School.
I am looking at how all of this can make a better world and get paid for it…
My PhD won an award etc in health care…but I want to be more creative…
Best wishes
Mark
I’ve been surveying the field as it expands, combining maps as I find them, collecting and curating my own links. Interesting stuff. Learned a lot along the way. It’s getting harder to imagine something original. I’ve been at hack-a-thons slowly building up larger and more intersting projects. Someday they’ll build something relevant. Is it cheating to submit your own project ot Everest?
What this breakdown of DeFi has shown me(especially everest) is how intricate the “buzz word” really is. DeFi is so much more than decentralized finance, because having the ability to bank yourself in your wallet completes revolutionizes life for at least 4 billion people around the world. The creation of a project like Cardano(Hoskinson Aided in Ethereum’s creation) displays how Blockchain can be applied beyond making more normal systems more efficient. DeFi in Blockchain began with improving Supply Chain the most. Now Everest has shown that you can apply DeFi to fields as varied as Marketing, Retail, and Healthcare. What my partner and I are looking to do is use DeFi to decentralize the Healthcare sector. What the last year and half has shown you is that people are clamoring about decentralization in a variety of categories, one being Healthcare. Blockchain not only makes the supply chain of a digital global apothecary extremely efficient, it makes the system CENSORSHIP RESISTANCE. Look up Dr. Sebi, Gerson Therapy(Max Gersen), Chelation therapy, and Dr. James Ivey to name a few. DeFi is also in the business of constant optimization that will transform every facet of society in the world (social media, healthcare, entertainment, P-P-transactions, business, government, and more).
My area of interest is portfolio management, so wondering how to implement a cross asset portfolio management based on blockchain and DefI, but also including standard asset classes
Yeah Blockchain isn’t just for Financial solutions
From my end Im looking at ways to tokenised carbon credits that reward people for generating their electric power from non fossil fuel sources with the given that the reward is issued at utilization of power rather than at generation. This makes the infrastructure more feasible. This will require satellite monitoring and blockchain provenance to ensure source, accuracy and legitimacy. This could allow any individual anywhere to mine carbon credits by using green power.
How and who can help me put this together?
Hi Amadeo
I am excited by the enormous possibilities of DeFi. I have a family member heavily involved in the relatively new Fintech space of Buy Now Pay Later payment solutions for merchants. One of the biggest costs are the middleman costs, such as stripe fees, bank card fees etc., and another big problem is that of potential fraud by customers when they defer payments for goods or services. I would like to see a project that allowed a DeFi solution to BNPL so that the transaction fees would be vastly lowered and fraud potentially eliminated by the use of smart contracts. This would require a CeFi - DeFi bridge as you mention in your paper. By virtue of my relationship with the family member I have gained a lot of knowledge of the BNPL sector, but my background is neither in finance nor IT, so for me to embark on such a project I would need partners with the requisite skills.