If you have been following cryptocurrency at all you would most likely have come across the term Decentralized Finance (DeFi).
This article is intended to give an overview of what it is and how you can get started with this new financial system.
I highly recommend giving a quick run through this article before you follow along step by step.
DeFi is a movement in the cryptocurrency space that intends to provide you with the same financial services that you can get from Banks and Financial Institutions but in a decentralized manner.
The traditional financial services that most of us…
The Gamestop price surge has undoubtedly taken everyone by surprise, in response to this, brokerage firms such as Robinhood, TD, Schwab and even my own brokers XM and eToro have all halted trading for the stock in an attempt to force buyers to sell.
Followed that up with the banning of the infamous Wallstreetbets group on Reddit, Facebook, and Discord shows how such centralized entities can easily shut down any organized efforts.
I may have deliberately exaggerated on certain issues, but the point remains highly centralized entities such as a broker like Robinhood or a social network like Facebook can…
Being in economic lockdown, millions of jobs have been lost all over the world and has placed some third world economies at the brink of collapse.
In response to this dire event, many governments have tried to introduce a “stimulus plan” in an effort to support an economy that isn’t functioning.
These stimulus plans have totalled over $10 trillion dollars globally, which is enough to solve world hunger at least for the next 30 years. Yet, it still doesn’t seem enough.
As I was attending university I had felt a sense of unpleasantness because I believed that I had missed out on the gold rush in the 1970s, the great internet and tech boom in the 90s, or the mortgage boom of the early 2000s.
But in recent times, I’ve come to learn that every generation has its own unique opportunity and with the exponential advances in technology, that is starting to seem like every decade.
I’ve come to realize a very simple investment philosophy, understand the problems of today and invest in the solutions of the future. And right now…
A libertarian tech geek who is too obsessed with economics and sometimes writes about it.