Gone are the days when cryptocurrencies were an indeterminate center for experimental investment in cryptocurrencies. 2020 was a pioneering year for the universe, with cryptocurrencies making great strides as governments, supranational organizations and corporations advanced in what they collectively call the digital asset space.
According to the choice of central authorities, cryptography and its main function, privacy, are excluded from the central role they previously played as the main attraction for cryptocurrencies. Instead, Defi’s broad portfolio of attractive applications has drawn attention to liquidity-promoting agents, diluted business and distinct financial models.
DeFi is a game changer
Early in 2021, the trend lines have gone further. The DeFi umbrella has convincingly expanded across the cryptocurrency world and attracted investors and enthusiasts whose preferences speak for themselves: the double-digit annual interest rate and DeFi’s hassle-free user experience are simply more tempting than the systemic partial benefits of a privacy-focused exchange.
And who can blame the users – As long as the benefits of DeFi violate the right to privacy, the former will continue to grow at the expense of the latter. Widespread ignorance no longer hinders the public’s interest in privacy, but rather increasing compromises that people must lose in order to maintain it. For secrecy to become a crucial feature of our exchange systems in the future, it must be freed from the burden of mutual exclusivity; Only then can it take the form of a universally adaptable ingredient – almost an expensive supplement.
Private financing is coming
The organic emergence of the latest blockchain technology sector, which has the potential to disrupt the new crypto industry already known for its disruptive potential, is inevitable. As we move under the “PriFi” brand, the upcoming private funding campaign will bring privacy back on the scene, bringing it back to the chain, Ethereum and Polkadot ecosystems, to integrate privacy into a robust network of fast-growing apps and decentralized economy .
To date, privacy solutions have not been used in independent, privacy-focused blockchains isolated from the expanded features of the DeFi scene. Consequently, the private funding movement does not want to exploit users’ access to privacy in this way, but it will do so without compromise, restrictions and limitations – and the challenge could not have been met at a more dangerous time.
GameStop – Catalyst
Since the historic formation of cryptocurrencies after the financial crisis in 2008, nothing among global retail investors has led to the bizarre market behavior in late January that NBC called the “GameStop mania”. When a number of high-profile hedge funds were discovered as card sales, private investors flocked to an online Reddit community called r / Wallstreetbets to offer the asset prices that underlie the fund’s short positions – especially the shares of GameStop and AMC that participate.
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Following a series of shortcuts in which highly-utilized funds were forced to pay billions to cover their short positions, centralized LLCs such as Robinhood, Charles Schwab, TD Ameritrade and others were traded in exponential shares, thus protecting the remaining capital in the open money. Shocked, frustrated and neglected dealers can effectively only speculate in secret meetings and agreements that preceded a coordinated authoritarian takeover of the market.
But as with anything, financially or otherwise, losses and complaints provide an opportunity to learn and adapt. For traders in 2021, this has meant arousing a couple of realisms: central markets will only remain free as long as they serve central authorities, and supervision is the most important aid function these power structures use.
About the topic: Fee fees are the only way to ensure blockchain adoption
In light of trading restrictions, including GameStop and AMC, a new wave of crowds of private investors is now on its way to the cryptocurrency area to take the next step. But this time it’s not about Crypto digital assets, it’s about a new line of new derivatives: wholly owned synthetic assets in the chain, whose value is certainly linked to traditional financial instruments – stocks, commodities, bonds, insurance products and more. …