GNU socialtag:nu.federati.net,2024-03-28:TagTimeline:defiNotices tagged with defiUpdates tagged with defi on Federati Nu: Federated N-series GNU Social!https://upload.wikimedia.org/wikipedia/commons/0/00/Nu_uc_lc.svg2024-03-28T11:24:57+00:00http://activitystrea.ms/schema/1.0/notetag:nu.federati.net,2021-07-22:noticeId=3372996:objectType=noteNew note by lnxw48a1@<a href="https://pleroma.guizzyordi.info/users/guizzy" class="h-card u-url p-nickname mention">guizzy</a> <br /><br /> > governments are trying to scare companies away from offering crypto on-ramps (since that's the part of the DeFi/crypto ecosystem they can actually exert some power over) <br /><br /> That's the thing I find #<span class="tag"><a href="https://nu.federati.net/tag/disturbing" rel="tag">disturbing.</a></span> The past thirty years have been a shocking display of regulatory capture by the banks and other financial organizations, with abuse after abuse against the citizenry going unpunished. <br /><br /> I'm becoming more and more strongly in favor of #<span class="tag"><a href="https://nu.federati.net/tag/defi" rel="tag">DeFi</a></span> simply because it offers the chance for those who are not ingratiated with the centers of power to lend and receive loans, buy and sell, and to escape from the control of financiers. Seeing regulators fighting against it just convinces me more that I want to break the grip of the corrupt bankers.3372996http://activitystrea.ms/schema/1.0/post2021-07-22T02:40:32+00:002021-07-22T02:40:32+00:00http://activitystrea.ms/schema/1.0/personhttps://nu.federati.net/user/2lnxw48a1Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .lnxw48a1LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .{58024A03-1021-499E-B14D-DF4537889BF8}tag:nu.federati.net,2021-07-22:objectType=thread:nonce=31b398e06f93bfc5http://activitystrea.ms/schema/1.0/notetag:nu.federati.net,2021-07-06:noticeId=3371148:objectType=noteNew note by lnxw48a1<a href="https://decrypt.co/resources/what-are-flash-loans-the-defi-lending-phenomenon-explained" title="https://decrypt.co/resources/what-are-flash-loans-the-defi-lending-phenomenon-explained" rel="nofollow noreferrer" class="attachment">https://decrypt.co/resources/what-are-flash-loans-the-defi-lending-phenomenon-explained</a> [decrypt co] <br /><br /> Some parts of #<span class="tag"><a href="https://nu.federati.net/tag/defi" rel="tag">DeFi</a></span> make a little less sense than others. But if someone sees a very short term opportunity (such as the arbitrage situation mentioned in the article) they can borrow, quickly transact, take their profits, and repay the loan. That's "flash loans".3371148http://activitystrea.ms/schema/1.0/post2021-07-06T02:44:33+00:002021-07-06T02:44:33+00:00http://activitystrea.ms/schema/1.0/personhttps://nu.federati.net/user/2lnxw48a1Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .lnxw48a1LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .{58024A03-1021-499E-B14D-DF4537889BF8}tag:nu.federati.net,2021-07-06:objectType=thread:nonce=16e9757b405e6203http://activitystrea.ms/schema/1.0/notetag:nu.federati.net,2021-07-04:noticeId=3370939:objectType=noteNew note by lnxw48a1> The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. <br /><br /><a href="https://bitcoin.org/bitcoin.pdf" title="https://bitcoin.org/bitcoin.pdf" rel="nofollow noreferrer" class="attachment">https://bitcoin.org/bitcoin.pdf</a> Section 10. <br /><br /> Well, there's the seller, the buyer, the seller's bank, the buyer's bank, and the seller's card processing agent. In some cases two or more of the third parties are the same organization, but usually they are not.<br /><br /> You don't necessarily trust the other party's bank or the payment intermediary, either. Sometimes, you just hope that your bank will be willing and able reverse the transaction if you have a problem. <br /><br /> Yes, there really is a need for #<span class="tag"><a href="https://nu.federati.net/tag/defi" rel="tag">DeFi.</a></span> <br /><br /> #<span class="tag"><a href="https://nu.federati.net/tag/bitcoin" rel="tag">Bitcoin</a></span> | #<span class="tag"><a href="https://nu.federati.net/tag/cryptocurrencies" rel="tag">Cryptocurrencies</a></span> | #<span class="tag"><a href="https://nu.federati.net/tag/trust" rel="tag">Trust</a></span> | #<span class="tag"><a href="https://nu.federati.net/tag/intermediaries" rel="tag">Intermediaries</a></span> | #<span class="tag"><a href="https://nu.federati.net/tag/gatekeepers" rel="tag">Gatekeepers</a></span>3370939http://activitystrea.ms/schema/1.0/post2021-07-04T04:49:58+00:002021-07-04T04:49:58+00:00http://activitystrea.ms/schema/1.0/personhttps://nu.federati.net/user/2lnxw48a1Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .lnxw48a1LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .{58024A03-1021-499E-B14D-DF4537889BF8}tag:nu.federati.net,2021-07-04:objectType=thread:nonce=0fc1050c5ed5070ahttp://activitystrea.ms/schema/1.0/notetag:n5.federati.net,2021-06-16:noticeId=41616:objectType=noteNew note by n5adminI'm in favor of #<span class="tag"><a href="https://n5.federati.net/tag/cryptocurrencies" rel="tag">cryptocurrencies</a></span> -- in general, not necessarily a specific coin or token -- because I've seen the devastating impact that the self-benefiting actions of financial institutions can have on real people. I've seen that the regulators and the courts exist primarily to protect the financial system and the largest institutions within it (big banks, big insurance companies, etc), and that they only benefit "us folks" en passant as part of their goal of protecting the system.<br /><br /> Just as I support decentralized networks over the centralized ones, I support the idea of decentralized finance ... and I consider cryptocurrencies to be a step in that direction.<br /><br /> #<span class="tag"><a href="https://n5.federati.net/tag/defi" rel="tag">DeFi</a></span> #<span class="tag"><a href="https://n5.federati.net/tag/decentralife" rel="tag">DecentraLife</a></span>3369435http://activitystrea.ms/schema/1.0/post2021-06-16T19:56:21+00:002021-06-16T19:56:21+00:00http://activitystrea.ms/schema/1.0/personhttps://n5.federati.net/index.php/user/1n5adminn5adminN-5-O-bodyhomepagehttps://nu.federati.net/lnxw48a1truetag:n5.federati.net,2021-06-16:objectType=thread:nonce=45b333f5e481ae97http://activitystrea.ms/schema/1.0/notetag:nu.federati.net,2021-06-11:noticeId=3368958:objectType=noteNew note by lnxw48a1Vitalik Buterin explains how and why he (and the dev team) designed #<span class="tag"><a href="https://nu.federati.net/tag/ethereum" rel="tag">Ethereum</a></span> 2.0 <a href="https://www.youtube.com/watch?v=-R0j5AMUSzA" title="https://www.youtube.com/watch?v=-R0j5AMUSzA" rel="nofollow noreferrer" class="attachment">https://www.youtube.com/watch?v=-R0j5AMUSzA</a> <br /><br /> #<span class="tag"><a href="https://nu.federati.net/tag/cryptocurrency" rel="tag">cryptocurrency</a></span> #<span class="tag"><a href="https://nu.federati.net/tag/defi" rel="tag">DeFi</a></span><br /><br /> This is probably great, but it is way too long. I'm using listen for half an hour, then pause and go do something else. But I can't promise I'll be able to continue all the way through.<br /><br /> "Bankless" has a series of videos, but this is the only one I've listened to.3368958http://activitystrea.ms/schema/1.0/post2021-06-11T01:05:51+00:002021-06-11T01:05:51+00:00http://activitystrea.ms/schema/1.0/personhttps://nu.federati.net/user/2lnxw48a1Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .lnxw48a1LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .{58024A03-1021-499E-B14D-DF4537889BF8}tag:nu.federati.net,2021-06-11:objectType=thread:nonce=e95f3a6c77759499