I could have said Crypto is bad for traditional finance but – disclosure – I am a Bitcoin maximalist and own some. Bitcoin is part of a Web3 vision of an Internet that is not controlled by a few big centralised players such as Google, Facebook and Amazon ie the Web2 we use every day.…
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Inevitable does not mean imminent. It is inevitable that the decentralized Web3 will replace the centralized Web2, but nobody knows when this will happen – it is not imminent. Amaras law is still true; I have deep conviction on direction of travel, but I have no idea on the speed of travel. To trade successfully…
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One reason why Web3 has some negative chatter is that it is being used to hype some crypto projects. The implied correlation is Web3 is good so crypto project X is good. I am NOT promoting any crypto projects, but I think that Web3 based on decentralised and permissionless exchange of value is real and…
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The Internet was originally designed as a decentralized system to withstand attack by the Soviet Union during the cold war. The Internet protocols are also permissionless. You just connect your system to the Internet. Nobody can stop you – except the market if you don’t add value. That changed with Web 2 when centralized services…
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Gavin Wood, now based in Switzerland, is crediting with coining the term Web3 in 2014 when he was CoFounder and CTO of the Ethereum Foundation. Web3 is a vision of a an Internet that is not controlled by a few big centralised players such as Google, Facebook and Amazon ie the Web2 we use every day.…
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Pooh Bear followed Eeyore’s bearish view and Tigger’s bullish view at The Pooh Corner Debate on DeFi by calling on his moderator privilege to sum up. As he put it, “my name is on door so you have to listen to me”. He pointed to one slide with 4 risks; – Financial Risk. DeFi is…
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The attendees at the decentralised conference entitled The Pooh Corner Debate on DeFi cheered Tigger when he went on stage. This was not surprising because a) most of the attendees were DeFi fans and b) Eeyore’s advice to investors to be wary of DeFi was a bit depressing. Tigger, bouncing up and down in his…
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At a decentralised conference entitled The Pooh Corner Debate on DeFi, Eeyore kicked off (having won the coin toss) by pointing out 7 points that investors considering DeFi should think about: Blockchain transactions are irreversible and unregulated. If you lose money you have zero recourse, it is gone – poof! Irreversible and unregulated is a…
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Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing. The reason to pay attention to DeFi is a) capital is flowing into…
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