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Jacob IsenbergA Negative FED: The Domino of the TradFi Crisis - Florence Finance - Medium
Find out about the ideal bridge that could hold the key to a new financial future With the central pillar of TradFi now operating at a financial loss, there are significant implications on what the future holds for the entire realm of finance. Yet there are likely several semi-interdependent paths, which could occur and we will logically dissect the strengths and weaknesses, of these various outcomes. For reference, we’ll build off of some information discussed in Lyn Alden’s recent piece on ...
Jacob IsenbergReal World Asset Lending: The Next Big Trend in Crypto?
Find out how this $150 million investment in Real World Asset Lending is supporting our vision at Florence Finance Our friends over at MakerDAO have put their money where their mouth is, and together with Centrifuge, have made one of the most significant on-chain investments ($150m) into real-world assets to date. Not only does this show how seriously they are taking their real world assets (RWA) initiative, but it also displays some vital insight as to where the market is headed. We at Flore...
Jacob IsenbergLearn with Autonio: The Essentials of DeFi — Hive
621780d85f519840bf559689\_b73b71ba-p-1080.jpegIn the world of fiat currency there is an obscure yet firmly established hierarchy that controls the creation, circulation, and management of all matters in the financial domain. For ordinary consumers, the main way that we interact with this incomprehensible system is with banks, which have been thought of as the trusted intermediaries for millennia, and will gladly take our funds in exchange for a bank slip that supposedly ensures our money is s...
Jacob IsenbergA Negative FED: The Domino of the TradFi Crisis - Florence Finance - Medium
Find out about the ideal bridge that could hold the key to a new financial future With the central pillar of TradFi now operating at a financial loss, there are significant implications on what the future holds for the entire realm of finance. Yet there are likely several semi-interdependent paths, which could occur and we will logically dissect the strengths and weaknesses, of these various outcomes. For reference, we’ll build off of some information discussed in Lyn Alden’s recent piece on ...
Jacob IsenbergReal World Asset Lending: The Next Big Trend in Crypto?
Find out how this $150 million investment in Real World Asset Lending is supporting our vision at Florence Finance Our friends over at MakerDAO have put their money where their mouth is, and together with Centrifuge, have made one of the most significant on-chain investments ($150m) into real-world assets to date. Not only does this show how seriously they are taking their real world assets (RWA) initiative, but it also displays some vital insight as to where the market is headed. We at Flore...
Jacob IsenbergLearn with Autonio: The Essentials of DeFi — Hive
621780d85f519840bf559689\_b73b71ba-p-1080.jpegIn the world of fiat currency there is an obscure yet firmly established hierarchy that controls the creation, circulation, and management of all matters in the financial domain. For ordinary consumers, the main way that we interact with this incomprehensible system is with banks, which have been thought of as the trusted intermediaries for millennia, and will gladly take our funds in exchange for a bank slip that supposedly ensures our money is s...
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The futurist and cryptocurrency advocate has announced the suspension of Bitcoin (BTC) as a payment method for Tesla vehicles. Referencing destructive coal based emissions linked to Bitcoin’s mining processes, Musk’s decision ultimately could be attributed to maintaining Tesla’s ‘eco-ethos’ while re-evaluating its crypto options.
“We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction,” Musk broadcasted. As bitcoins electricity consumption surpasses the annual usage of countries like Argentina, its effect on climate change has recently come into question. Much of this can be attributed to Bitcoin’s energy intensive Proof-of-Work (PoW) consensus algorithm where miners compete to verify transactions on its blockchain.
Altcoin Alternatives
As the doors rapidly opened for business with one of the world’s top entrepreneurs, a few top potential suitors reached out to state their case for their own altcoins.
Sun’s credentials of TRON presented within the tweet would bring a solid proposition for Tesla. As a stablecoin with a high market cap, Tether would offer less volatility than Bitcoin. The Tron blockchain would give a proven and ideal energy/transaction medium as requested due to its DpoS (Delegated Proof-of-Stake) consensus mechanism.
https://mobile.twitter.com/SBF_Alameda/status/1392724502304366593
Solana’s main proposal to Musk, cited its impressive amount of transaction per second (TPS) and cost per transfer capabilities as its proposal of a partnership. Utilizing an innovative Proof-of-History (POH) mechanism, simply described as a “clock before consensus”, ensures a more efficient overall infrastructure than PoW.
However it remains to be seen, the value of an altcoin competing on high TPS. As despite the CEO’s passion behind the innovations in the crypto industry, Tesla as a company is ultimately in the business of selling luxury electric vehicles. An act focused more on volume and less on frequency.
https://mobile.twitter.com/theotherpomp/status/1392603751014453255
Citing environmentally-friendly Proof-of-Stake mechanisms, the Fantom community ‘threw their hat in the ring’ as well. While Fantom does boast a plethora of favorable features for ‘do-it-all’ developers or even sophisticated DeFi users, it remains to be seen how they could benefit Tesla.
Perhaps It’s A Centralized Choice
Musk’s infatuation with Dogecoin has been widely documented, even to the point where he claimed to be taking it (literally) to the moon. Circling back to the business element involved though, this new Bitcoin substitute would have to already be widely adopted and trusted by Tesla’s consumer base.
It may be the case as well that Tesla would simply ‘wait it out’ until Bitcoin’s mining processes prove to be more environmentally friendly.
The futurist and cryptocurrency advocate has announced the suspension of Bitcoin (BTC) as a payment method for Tesla vehicles. Referencing destructive coal based emissions linked to Bitcoin’s mining processes, Musk’s decision ultimately could be attributed to maintaining Tesla’s ‘eco-ethos’ while re-evaluating its crypto options.
“We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction,” Musk broadcasted. As bitcoins electricity consumption surpasses the annual usage of countries like Argentina, its effect on climate change has recently come into question. Much of this can be attributed to Bitcoin’s energy intensive Proof-of-Work (PoW) consensus algorithm where miners compete to verify transactions on its blockchain.
Altcoin Alternatives
As the doors rapidly opened for business with one of the world’s top entrepreneurs, a few top potential suitors reached out to state their case for their own altcoins.
Sun’s credentials of TRON presented within the tweet would bring a solid proposition for Tesla. As a stablecoin with a high market cap, Tether would offer less volatility than Bitcoin. The Tron blockchain would give a proven and ideal energy/transaction medium as requested due to its DpoS (Delegated Proof-of-Stake) consensus mechanism.
https://mobile.twitter.com/SBF_Alameda/status/1392724502304366593
Solana’s main proposal to Musk, cited its impressive amount of transaction per second (TPS) and cost per transfer capabilities as its proposal of a partnership. Utilizing an innovative Proof-of-History (POH) mechanism, simply described as a “clock before consensus”, ensures a more efficient overall infrastructure than PoW.
However it remains to be seen, the value of an altcoin competing on high TPS. As despite the CEO’s passion behind the innovations in the crypto industry, Tesla as a company is ultimately in the business of selling luxury electric vehicles. An act focused more on volume and less on frequency.
https://mobile.twitter.com/theotherpomp/status/1392603751014453255
Citing environmentally-friendly Proof-of-Stake mechanisms, the Fantom community ‘threw their hat in the ring’ as well. While Fantom does boast a plethora of favorable features for ‘do-it-all’ developers or even sophisticated DeFi users, it remains to be seen how they could benefit Tesla.
Perhaps It’s A Centralized Choice
Musk’s infatuation with Dogecoin has been widely documented, even to the point where he claimed to be taking it (literally) to the moon. Circling back to the business element involved though, this new Bitcoin substitute would have to already be widely adopted and trusted by Tesla’s consumer base.
It may be the case as well that Tesla would simply ‘wait it out’ until Bitcoin’s mining processes prove to be more environmentally friendly.
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