Arbitrum Nitro is the long-awaited upgrade to Arbitrum One, the first Ethereum Layer-2 solution that Fluid has integrated with. The Arbitrum network will be upgraded on Wednesday, 31 August 2022, 2:30 PM UTC. As part of this Arbitrum Nitro upgrade,… Continue reading Arbitrum Nitro release date here - Fluid is ready!
Why Traditional Banks Don’t Like Your Crypto Earnings (And Why We Do) Banks don’t like crypto, and there are a few reasons why. The traditional banking system is directed by a complex framework governing its accounts and users: the cryptocurrency… Continue reading Why Banks Don’t Like Your Crypto Earnings
The world of crypto may have just become apparent to most ordinary people, but for those truly behind the support and innovation, the world has become evident. However, do you really know the history of how a lot of the… Continue reading From Dinosaurs to Teslas, what are Automated Market Makers, the history of DeFi?
The failure by Stripe to provide services to OMGYes, a site that offers educational videos in relation to women’s sexual pleasure, illustrates the difference between fintech and crypto. Fintech is the cool, slightly hippie version of the traditional financial system.… Continue reading OMGNo! Crypto and women’s sexual pleasure
How Barclays and Credit Suisse avoided a govt bailout during the 2008 financial crisis Nothing illustrates the fact that banks can create their own credit money better than the “investment” in Credit Suisse and Barclays Bank by Gulf investors during… Continue reading The Gulf Investor Deception
What do supporters of internet freedom, the yellow vest movement in France, the Occupy protestors and the Arab Spring have in common? A feeling of INEQUALITY. A feeling that the system has too much control and that it is unfair.… Continue reading What is a key cause of inequality in society?
People buy bitcoin because of value and values People buy bitcoin because it is a system of money that corresponds to how humanity has exchanged value for most of our history. Technologically, this system is based on mathematical formulae and… Continue reading Why do people really buy bitcoin?
Superior value and better values. Crypto currencies are a superior product to nation-state currency and the fractional reserve banking system, for these reasons: lower cost (transaction costs much lower than bank transfers) more convenient (you transact directly, cuts out the… Continue reading A little Comparison of the Crypto System and the Banking System
The story of money is the story of human evolution. Our ancestors’ development of money was driven by our biology and our values. The history of money can be separated into two parts: A period where money had an explicit link to value.… Continue reading Our ancient ancestors and money
TL;DR The core banking system sucks. It sucks for everyone, but it sucks more if you are poor or live under a dictatorship. Technology allows us to build a better core banking model. By core banking, I mean deposits and… Continue reading Creating a better banking system, for a better world
The crypto system will replace the current payments industry in the next decade. Here is why Current system The existing cards-banking system is based on pull technology, which is complex, costly and prone to fraud. The crypto payment system, based on push technology, is… Continue reading Crypto and the payments industry
I have a background in electricity, from when I was an investment banker. I worked in a Natural Resources & Power group for about 8 years and modelled electricity systems and assets in the UK and China in the context… Continue reading The reports of bitcoin environmental damage are garbage
Here is how to respond to those who are ignorant of the future, ranging from well-meaning family members to Nouriel Roubini types. 1. If they say: Crypto is for drug dealers. You respond: In the early days of the internet, many people… Continue reading How to debate crypto deniers and win
Banks are dinosaurs. And DeFi is the meteor First seen in The Defiant Retail banks are dinosaurs. Bill Gates, 1994 Yet, despite this widespread belief, US bank deposits increased from $189 billion in 1994 to $7.8 trillion in 2019. Technology… Continue reading Why do we still use banks?
As the world faces an unprecedented economic crisis, there is a fundamental error in most policy-makers’ assumptions: they see banks as financial intermediaries. In this view, banks are simply intermediaries, charging for connecting surplus capital with productive opportunities. Essentially, it… Continue reading Don’t expect banks to lend again anytime soon
From Charles Ponzi to Bernie Madoff, financial con men all have one thing in common: obscurity. They operate in the dark. Investors now have a technology that can help protect them from being conned: it is called the blockchain. Not… Continue reading Ruvercap: Never Again