Accidentally Defi: Recent Episodes
David & Jerome
We're on a journey through decentralized finance and we are inviting you in for the ride. Join us. Watch us make mistakes and learn, and hopefully teach you along the way.
Did you see the stock market drop? Well here is why: Jerome Powell raised rates by three quarters of a percentage point. What are the repercussions of this? Listen to Jerome explain how this market affects you.
07:46 - https://www.federalreserve.gov/monetarypolicy/files/monetary20220921a1.pdf
08:42 - https://www.federalreservehistory.org/essays/feds-role-during-wwii
10:14 - https://www.cnbc.com/bonds/
11:00 - https://www.bankrate.com/banking/federal-reserve/fed-interest-rate-decision-biggest-winners/#:~:text=The%20Federal%20Reserve%20announced%20that,of%203.0%20to%203.25%20percent.
13:00 - https://www.google.com/search?q=calculate+mortgage+payment&oq=calculate+&aqs=chrome.1.69i57j69i59l2.5943j0j1&sourceid=chrome&ie=UTF-8 16:50 - https://coinmarketcap.com/
17:09 - https://www.bloomberg.com/news/articles/2022-09-20/sec-suit-hints-at-case-for-us-jurisdiction-over-ethereum-network 19:01 - https://finbold.com/us-and-germany-control-58-of-all-ethereum-nodes-globally/#:~:text=Data%20analyzed%20by%20Finbold%20indicates,followed%20by%20Singapore%20at%20329
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The Ethereum Merge is getting closer and closer. I sat with a friend of the Accidentals and discussed the path to Proof of Stake and my concern for the upcoming transition.
Join Jerome and David as they finish off the Time Preference segment, as inspired by the book, "The Bitcoin Standard" by Saifedean Ammous. They begin to question the statements made in the book, making known the persons neglected in the ideas presented.
"Time isn't the main thing. It is the only thing." - Miles Davis
Join David and Jerome as they discuss the complex idea of Time Preference, as inspired by the book, "The Bitcoin Standard" by Saifedean Ammous. They present the conflict of Time Preference and how our society is built around it.
"Time isn't the main thing. It is the only thing." - Miles Davis
Jerome and David speak about their entry into the crypto world. From when they jumped in initially and money they lost along the way. Explaining their anxieties and fears when entering the space. We are beginners too and we wanted to show that!
"Narratives are the mechanisms by which conviction is developed. Narratives underpin our sense of identity, and enable us to recreate decisions of the past and imagine decisions we will face the future." - John Kay, Mervyn King, Radical Uncertainty: Decision-making beyond the numbers
What is money? Money is a very unique tool in our society and understanding the concept of money is important before spending, saving, and even investing money. Join Jerome and David as they attempt to understand money in a rather philosophical conversation. We encourage you to have the same conversation with your friends and family.
"Many folks think they aren't good at earning money, when what they don't know is how to use it." - Frank A. Clark
Inflation is rising and we see it everywhere. But what is it? How does it come about? Jerome and David attempt to explain it in an easy manner. Is inflation price gouging? How can you protect yourself from it? "There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation." - Herbert Hoover "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There was no safe store of value." - Alan Greenspan
Questioning the banking system is the first step into cryptocurrency! Watch Jerome and David question the banking system and bring about their concerns of the banking system, after Jerome attempts to break down how it works. We encourage your questioning of the existing system. "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford!
Join David and Jerome on their journey through the interesting world of decentralized finance as they make mistakes so that you can learn from them. Use new financial tools or financial tools that are new to you! This is just the beginning!