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I have considered writing a book about this stuff but it's an insanely bad use of my time vs. building tech in this space from a profit perspective. Defi is the
by seibelj 6y ago
I have considered writing a book about this stuff but it's an insanely bad use of my time vs. building tech in this space from a profit perspective. Defi is the highest possible way that a software engineer can earn money in 2021 without being some high-up FAANG architect or hit the startup lotto. Small teams are making millions or tens of millions of dollars, and they are making actual value (not ICO scams like in 2017!) with billions of dollars flowing through it.
If you want to break into this space, start with the bitcoin white paper, read this book[0], then do the Ethereum white / yellow papers, start messing around with smart contracts, then consume every possible piece of knowledge you can, because it's all spread out everywhere without good central repositories of knowledge.
Defi is protocolized finance. It's making building blocks of financial tools that people and projects fit together in new ways to accomplish various things (earn interest, hedge, go leveraged long, buy insurance, etc. etc. etc.). The possibilities are truly endless and the space is open for innovation like never before as there are no rules and regulations, and there never will be any! Good luck!
[0] https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Bl...
- lbotos 6y ago> there are no rules and regulations, and there never will be any! Good luck! https://en.wikipedia.org/wiki/Virtual_currency_law_in_the_United_States https://en.wikipedia.org/wiki/Virtual_currency_law_in_the_Un... https://www.wired.com/story/janet-yellen-consider-limiting-cryptocurrency/ https://www.wired.com/story/janet-yellen-consider-limiting-c... --- Governments around the world, at any time, could outlaw bitcoin or cryptocurrency. At the moment, it's accepted, but the minute it's seen as 'uncontrollable' expect that regulations will be attempted.
- seibelj 6y agoBittorrent can't be stopped and neither can bitcoin or ethereum. It's decentralized. The price could take a short/medium term hit with government bans but the tech won't go away and can't be stopped.
- fock 6y agoyou are aware that it's quite trivial to locate big electricity sinks. And this would be done in every country having a suitable grid: have fun mining in congo
- ivanche 6y ago> there are no rules and regulations, and there never will be any! Good luck! Literally the reason why people should stay the hell away from all this. No rules and regulations == Wild West.