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Fiat FudderThe Future of Defi
TLDRNow that Liquid Staking Derivatives have been formalized as more concrete assets in the Ethereum ecosystem, it is time that Trading Pairs and other trading pool assets are recognized by the expanded use of decentralized stable coins.Whats wrong with Decentralized Finance?Centralized Finance & Capitalism is likely one of the largest feats of of modern society. Assets can become more and more solid over time and locked into the economy. It is important to recognize where these assets are in...
Fiat FudderArtificial Rates
Simple EconomicsI have often looked out at financial systems and spat at the idea of fixed interest rates because it is very difficult to do in an economic system. We should all view any given economic system as living and breathing beast. Interest rates are always moving and are never stable. Interest Rates are comparable to a metabolism, and if a human set a stable metabolism even through varying access access to food. But I was recently challenged to compose a way for Fixed Rate Lending in...
Fiat FudderDeath to the Oligarchy
TLDRD.A.O.s have hardened their voting systems. The Quorums have gotten lower and the whales who vote accumulate more. Rather than speed running the history of governance, we have perpetuated the norms of a late stage republican democracy (the long way of saying plutocratic & oligarchic). This article looks to shake that up. The Innocence of IgnoranceCryptocurrency looked to be a trailblazer and a leader in innovation. Solving the Byzantine Question was a great feat but it wasn't enough ...
Fiat FudderThe Future of Defi
TLDRNow that Liquid Staking Derivatives have been formalized as more concrete assets in the Ethereum ecosystem, it is time that Trading Pairs and other trading pool assets are recognized by the expanded use of decentralized stable coins.Whats wrong with Decentralized Finance?Centralized Finance & Capitalism is likely one of the largest feats of of modern society. Assets can become more and more solid over time and locked into the economy. It is important to recognize where these assets are in...
Fiat FudderArtificial Rates
Simple EconomicsI have often looked out at financial systems and spat at the idea of fixed interest rates because it is very difficult to do in an economic system. We should all view any given economic system as living and breathing beast. Interest rates are always moving and are never stable. Interest Rates are comparable to a metabolism, and if a human set a stable metabolism even through varying access access to food. But I was recently challenged to compose a way for Fixed Rate Lending in...
Fiat FudderDeath to the Oligarchy
TLDRD.A.O.s have hardened their voting systems. The Quorums have gotten lower and the whales who vote accumulate more. Rather than speed running the history of governance, we have perpetuated the norms of a late stage republican democracy (the long way of saying plutocratic & oligarchic). This article looks to shake that up. The Innocence of IgnoranceCryptocurrency looked to be a trailblazer and a leader in innovation. Solving the Byzantine Question was a great feat but it wasn't enough ...
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Inflation is a dirty beast and is the consequence of our government’s actions. The truth is that most large governments have been running deficits continuously since the year 2000 without major consequence until they decided to print tons of money in a single moment in 2020.
In recent months, the Federal Reserve and all Central Banks have hiked rates well above the normal zero they’ve established. Their unconventional actions have brought me to question their logic but I finally see what their intent is.
I have long believed that the Federal Reserve intended to have price stability and I often looked backwards for this stability. A central bank is looking to prevent price changing in the future. So the old price of a home is gone but the new price of the house is here.
The only tool they have is to make things more difficult for consumers. Raising interest rates removes a lot of demand from the market by discouraging investment, subsequently increasing unemployment which reduces buying power. By doing this they remove conditions that would permit growth in demand.
https://opensea.io/assets/ethereum/0xfc92A0c89862cff19793Ccc608b73F409E410d90/0
The above graphic - now an NFT, courtesy of Mirror - explains beautifully the task or objective of the Central Bank. Prices rise & Interest Rates follow. Prices don’t fall but simply stabilize.
Inflation is a dirty beast and is the consequence of our government’s actions. The truth is that most large governments have been running deficits continuously since the year 2000 without major consequence until they decided to print tons of money in a single moment in 2020.
In recent months, the Federal Reserve and all Central Banks have hiked rates well above the normal zero they’ve established. Their unconventional actions have brought me to question their logic but I finally see what their intent is.
I have long believed that the Federal Reserve intended to have price stability and I often looked backwards for this stability. A central bank is looking to prevent price changing in the future. So the old price of a home is gone but the new price of the house is here.
The only tool they have is to make things more difficult for consumers. Raising interest rates removes a lot of demand from the market by discouraging investment, subsequently increasing unemployment which reduces buying power. By doing this they remove conditions that would permit growth in demand.
https://opensea.io/assets/ethereum/0xfc92A0c89862cff19793Ccc608b73F409E410d90/0
The above graphic - now an NFT, courtesy of Mirror - explains beautifully the task or objective of the Central Bank. Prices rise & Interest Rates follow. Prices don’t fall but simply stabilize.
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