Like everyone, I've been sitting here watching the fed print money and BTC just rocket π to the moon...
I'm no economics expert, but that seems like something worth looking into π€
I've been hooked on #cryptocurrency ever since. Here is my journey thus far...
(threadπ)
i came at it from an investing perspective. i "got" what the idea of $BTC was (decentralized, trust-less, etc), but there were all these other coins you could buy. WTF are they? what makes them different?
I wanted to do #cryptotrading ...but i wanted to write code and use my dev skills to automate it.
Spoiler alert: that's a huge technical effort and I'm not that smart
But the #crypto community has an open-source tool called Freqtrade that took care of like ~90% of the work...
There's a catch: you can only trade crypto π€·ββοΈ No big deal tho.
As I was learning to use that tool, I was content with my naive understanding of these different cryptocurrencies as simple stores of value.
The goal was to trade in an asset-agnostic way anyways.
But if I was going to do all this work (in my free time) to learn the tool and experiment until i found a strategy that worked, then I would be limited by the amount of capital I had π€
I was curious if there was a way to use other people's money in #crypto...
This seemed to be what I was looking for. It's a way for traders to start a fund, and people invest based on pure numbers. But learning about this protocol showed me a whole new world -- the Ethereum Network π€―
i cannot stress enough just how mind blown π€― I've been
you know how people only ever talk about $BTC and $ETH? I never knew the difference until recently.
$BTC is a protocol for decentralizing money. $ETH is a protocol for decentralizing ANYTHING!
see:
you can learn how to leverage ethereum and build decentralized apps (aka dapps) on top of the distributed network.
Melon is the protocol for building decentralized hedge funds.
Theoretically there can be protocols for building anything you can think of...
so that's kinda where i'm at. it's been a roundabout journey, this #DeFi world is insane, my ledger nano X is in the mail, and I can't wait to provide more updates on the journey.
2021 is going to be one hell of a year
β’ β’ β’
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