Building DeFi on Bitcoin
Check out my new Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ
In this video, I discuss the latest news about Square and Jack Dorsey starting a new business to build DeFi on top of Bitcoin.
I discuss the basic principles of layered architecture, and how important it is to build on a strong foundation. Bitcoin is a much stronger and more secure and decentralized foundation than Ethereum, so it makes sense that much of DeFi will migrate to Bitcoin.
Atomic Finance, Stacks, RSK, Sovryn, and the Lightning Network are just a few examples of DeFi and Layer 2 solutions that are being built on Bitcoin.
Money has the tendency to converge to a single currency (it's been the US dollar since Bretton Woods and 1944). Bitcoin is the best choice for the world's future reserve asset. Like Amazon, Bitcoin is eating the monetary world, including DeFi.
Not investment advice! Consult a financial advisor.
Bitcoin Layer 2: The Lightning Network
https://www.youtube.com/watch?v=EJqk-r0znKw&ab_channel=TraderUniversity
Internet protocol stack:
https://www.w3.org/People/Frystyk/thesis/TcpIp.html
Jack Dorsey's announcement:
https://twitter.com/jack/status/1415765941904941061
Dorsey plans DeFi on Bitcoin:
https://cryptobriefing.com/dorsey-plans-defi-on-bitcoin-critics-point-to-ethereum/
Atomic Finance pivots from ETH to BTC:
https://atomic.finance/blog/an-atomic-pivot/
Atomic Finance Earn Yield on BTC:
https://atomic.finance/
Stacks:
https://www.stacks.co/what-is-stacks
RSK:
https://www.rsk.co/openfinance/
Sovryn:
https://www.sovryn.app/
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#DeFi
#Ethereum
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
Видео Building DeFi on Bitcoin канала Trader University
https://www.amazon.com/gp/product/B08RX8Q4ZQ
In this video, I discuss the latest news about Square and Jack Dorsey starting a new business to build DeFi on top of Bitcoin.
I discuss the basic principles of layered architecture, and how important it is to build on a strong foundation. Bitcoin is a much stronger and more secure and decentralized foundation than Ethereum, so it makes sense that much of DeFi will migrate to Bitcoin.
Atomic Finance, Stacks, RSK, Sovryn, and the Lightning Network are just a few examples of DeFi and Layer 2 solutions that are being built on Bitcoin.
Money has the tendency to converge to a single currency (it's been the US dollar since Bretton Woods and 1944). Bitcoin is the best choice for the world's future reserve asset. Like Amazon, Bitcoin is eating the monetary world, including DeFi.
Not investment advice! Consult a financial advisor.
Bitcoin Layer 2: The Lightning Network
https://www.youtube.com/watch?v=EJqk-r0znKw&ab_channel=TraderUniversity
Internet protocol stack:
https://www.w3.org/People/Frystyk/thesis/TcpIp.html
Jack Dorsey's announcement:
https://twitter.com/jack/status/1415765941904941061
Dorsey plans DeFi on Bitcoin:
https://cryptobriefing.com/dorsey-plans-defi-on-bitcoin-critics-point-to-ethereum/
Atomic Finance pivots from ETH to BTC:
https://atomic.finance/blog/an-atomic-pivot/
Atomic Finance Earn Yield on BTC:
https://atomic.finance/
Stacks:
https://www.stacks.co/what-is-stacks
RSK:
https://www.rsk.co/openfinance/
Sovryn:
https://www.sovryn.app/
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#DeFi
#Ethereum
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
Видео Building DeFi on Bitcoin канала Trader University
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