Web3 Learning Notes
  • Web3 Learning Notes
  • 📖Crypto Basis 101
    • Blockchain & Cryptocurrency
    • Start dealing with Crypto
    • To invest safe
    • Risk Management
    • Web 3.0: User Ownership
    • Rethinking 'Why Crypto?'
  • 💰DeFi
    • What is DeFi
    • Stablecoin 101
    • Journey of a transaction
    • MEV (Miner Extractable Value)
    • Crypto Derivatives
    • To play safe in DeFi
    • DeFi Tools
  • 🧠DEFI Innovations
    • Lending & Borrowing
      • AAVE V3
      • Morpho - APY Optimiser
      • SILO - Risk Isolator
    • Automated Market Maker
      • Uniswap V3 - Concentrated Liquidity
      • Trader Joe V2 - Liquidity Book
      • 1Inch V2 - AMM Aggregator
    • Low Slippage Swapping
      • Curve V2
      • Bebop
      • Platypus Finance
    • Yield Aggregator
      • Yearn V2
      • Instaapp
      • Alpaca Finance
    • Perpetual Exchange
      • GMX
  • 🎇Techs of Chains
    • ETH - Ethereum
    • BNB - Binance Coin
    • AVAX - Avalanche
    • DOT - Polkadot
    • SOL - Solana
    • NEAR - Near Protocol
    • XTZ - Tezos
    • MINA - Mina Protocol
  • 🖼️NFT
    • What is NFT
    • Token standard 721 & 1155
    • How to get your first NFT
    • How to mint like a pro
    • To play safe in NFT
    • NFT tools
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  1. Crypto Basis 101

Rethinking 'Why Crypto?'

We saw a lot of dump coins, shit shows, rugpulls, ponzi scams, degen VCs, and we rethink...

  • Why cryptocurrency? --- It seems we're doing totally fine with fiats and delayed payment.

  • Why decentralized refers to fairness? --- An central authority can also do our justice, but nobody help in a DeFi hack.

  • Why DeFi and NFT are revolutionizing our life? --- Without them, banks are still running and arts are still all around us.

If so, is crypto just a bubble that doing wealth transfers among a group of people in a walled garden? Or simply because people become defensive to new things and hate change?

Ignoring all token price things, by leveraging blockchain and crypto, we can...

  • easily connect and provide services to people around the world

  • crypto wallet as our decentralized single sign on identity

  • instant trade, transfer around the world on any devices with the internet

  • transparent records and history, even the richer cannot override the rules

  • smart contract to enable permissionless and automated access to services

  • provide the deepest liquidity of assets for all people with no boundary

  • setup a unified standard like what we do in Web2 World Wide Web

It's a better future, isn't it?

Probably we're still too early to talk about all these and comes with a lot of barriers to make them come true, but at least we have these feasibility, continuously trial and error will definitely bring us to the right direction to build a better world FOR the people.

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Last updated 2 years ago

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