Sirwin
Sirwin

From Skeptic to Believer

By Wbrumbaugh | DeFi from Afar | 17 Aug 2021


Various Cryptocurrency on Table

Coming from the financial services industry, especially in the Midwest, the idea of cryptocurrencies and  portfolio allocation is almost unheard of and really you would be considered an outsider even if you thought about it. So I'll speak from a very transparent point of view, something I'll always aim for. I personally thought the crypto market was essentially fools gold. I mean, Dogecoin, Shibu Inu, Shitcoin, Cumrocket, Baby Doge, the list can go on. So what is a person supposed to think when they hear this? I'm in my early 30's and I was even hesitant to read about it. I first decided to get into the crypto world strictly to make money. I think a lot of us happened to stumble in via that path. After spending time researching, it's almost impossible not the see not only the current real world application but the future of digital assets as a whole. From NFT's to providing liquidity, it's at the hands of the people. You more you learn, the more you understand why governments try so hard to at the most stop it and at the very least regulate and tax it. China want to stop it because its the one thing they aren't able to control. The US wants to tax it because, well, we tax anything and everything that allows people to financially grow. Financial institutions want to monopolize it. You mean I'M the market maker now and not large institutions. You mean I can make 10% on a stable coin instead of .10%? Digital assets have revolutionized in such a quick period of time that there is of course going to still be error in how it operates. Systems will improve, systems will fail. There will be rises and falls. Be there is potential there. Will there be scammers and bad people? Of course! But does anybody remember the housing market crash? There were scammers and bad people there but we still trust banks at "act in our best interest". I'm excited to see what the future holds and hope that people young and old will at least be willing to research the crypto world instead of writing it off like I did.

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Wbrumbaugh
Wbrumbaugh

Leaving the corporate world behind and never looking back.


DeFi from Afar
DeFi from Afar

Taking an high level overview of a variety of different DeFi projects.

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