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  • I want to kick off with part one and I say in the beginning there was Bitcoin and you can see our timeline here of the incredible, incredible things that have happened in D5 for the past 12 years.

  • We start all off with Bitcoin back in 2008 and 2009.

  • And let's talk about how this all happened.

  • Bitcoin was created in 2008.

  • It was a white paper that was published by the now infamous Satoshi Nakamoto.

  • And it's a simple piece of paper, it's nine pages, But it talks about something in a revolutionary way.

  • They got a lot of people's attention.

  • It was actually implemented about a year later in 2009.

  • But the idea was this Bitcoin is a decentralized digital currency without a central bank or a single administrator that can be sent from user to user over the peer to peer.

  • Bitcoin network.

  • Without the need for intermediaries.

  • This is so important.

  • The key innovation here was requiring proof of work.

  • This is such an important point.

  • And we go deep into proof of work versus proof mistake.

  • We go into all this in the defi academy.

  • But right now it's important to know that the big innovation back in the day was proof of work and that's to accept a new block of the bit of the Blockchain.

  • And it's a process known now as mining where bitcoins are created as a reward for complex and computer intensive mathematical calculations called hashes.

  • This takes me back to my days at M.

  • I.

  • T.

  • When I had to learn all of this complicated math because that's what's being used to create and hash out these new block chains.

  • And it's that proof of work that allows the authenticity of the Blockchain to be created.

  • And again, let's be honest, this entire financial revolution known as crypto and defy is entirely predicated on the concept of Bitcoin.

  • So you need to understand your history again to predict the future.

  • So it's important that you have a fundamental understanding of exactly what happened here and why the concept is so groundbreaking and that's why we go deep on this In the inside the Defi Academy in Module one.

  • And to all my students will be doing that next week.

  • Next I want to talk about what happened because we had to wait until 2014 for real defy to happen unfortunately, because of Bitcoin And the size of the script, you can't piggyback so much on that Blockchain.

  • And unfortunately we had to wait for the creation of ethereum in 2014 until we could really see the revolution of defy happened in front of our eyes and a lot of you have heard a metallic veteran, he's a Russian that moved to Canada, he's a programmer and at 19 years old he became one of the co founders of ethereum.

  • And just to be clear, ethereum is a decentralized open source Blockchain with smart contract functionality.

  • This is so important because this was missing with Bitcoin and it allows developers to build and operate decentralized applications, also known as D apps that users can interact with and and so this is what the world that defy was waiting for and it soon became the go to smart contract to build on.

  • And again, I've been speaking with everyone back in the day from maX Keiser to Andreas on technopolis, Atika to worry to all of these people and I've charted the history through the episodes of London real over the past eight years and this was a crucial moment that everyone had been waiting for.

  • And much of defy is built on this ethereum Blockchain and we'll talk more about that later.

  • The next big event That happened was in 2017.

  • And this was the launch of maker and a concept called stable coins, Not only briefly tell you maker was funded by venture capital, it launched at the end of 2017 and it created the first stable coin.

  • It was a US.

  • dollar pegged die.

  • And just so you know how it works.

  • It's over collateralized with ethereum or teeth to ensure that it holds its value.

  • And the idea is that it really tries to hold the value of a die to exactly $1.

  • It actually floats up and down.

  • But that's a whole another detail.

  • And so what happens is is that maker might actually hold a dollar and 40 cents worth of ether in order to ensure that you always have that $1 to back that stable coin of die.

  • And again it was a massive innovation because before this all we have are these massively volatile cryptocurrencies from Bitcoin to even eat was volatile.

  • Now we have a basic building block and if you look at die or U.

  • S.

  • D.

  • C.

  • Or tether, all of these stable coins are pegged to the US dollar.

  • Again they're small fluctuations but they're basically pegged and they're over collateralized.

  • And this innovation, it took the volatility of crypto and it became a major building block for the defi infrastructure.

  • Now later make maker would introduce multi collateral dies.

  • So it wasn't just ethereum that it was backed by, but other coins which meant in volatile times, you weren't worrying about what one coin would do, but you had a little bit more of the hedge, a more of a diversified portfolio in your die defy, which stands for decentralized finance.

  • This is a $9 trillion per year marketplace.

  • I want to talk about our brand new defy Academy.

  • Our first program is called the defi accelerator and we have been absolutely inundated with applications from around the world.

  • I'm gonna be talking about how you can profit from what I'm calling the greatest dislocation of wealth in human history, decentralized finance is already revolutionizing the world of finance.

  • You just don't know it yet.

  • I want to talk about the difference between defy and cryptocurrencies.

  • There's a big difference.

  • I want to go into how to trade the markets.

  • It takes a lot of discipline, it takes emotional discipline, it takes intelligence.

  • It's not an easy thing to do.

  • I'm looking for a small group of people who want to actively participate in this upcoming deep I revolution.

  • I'm looking for serious individuals only with real network who want to build this exciting financial infrastructure.

  • I'm looking for partners, collaborators, investors, colleagues who want to join forces and create real value and generational wealth.

  • If you're one of those people go to London, will that be before it slash defy and submit your application now you've got a chance.

  • Life all comes down to a few moments.

  • You have a chance now to join me on this incredible adventure for the next 10 years.

  • It will change your life.

  • The lifes of your Children and grandchildren.

  • Maybe the life of billions of people on this planet.

  • What are you gonna do?

  • What's the choice that you're going to make was?

  • Yeah.

I want to kick off with part one and I say in the beginning there was Bitcoin and you can see our timeline here of the incredible, incredible things that have happened in D5 for the past 12 years.

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B1 defy ethereum blockchain decentralized proof maker

The Financial Revolution of Crypto & DeFi ?? This is what DeFi was waiting for - Brian Rose

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    林宜悉 posted on 2021/06/27
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