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Learn How To Defi Part 4

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Here is part 4 of the Defi guide and you can reference the detail here.

TL;DR

What is TradFi or CeFi

Problem of TradFi

Traditional Finance Vehicles

Stock

Stock is rigged

Bonds

Bond is rigged

Mutual Funds/Index Funds/ETF

Mutual fund is rigged

Index fund is rigged

Bank Products

Savings Accounts/Money Market Accounts/Certificates of Deposit (CDs)/Federal Insurance

What is TradFi or CeFi

TradFi or Traditional Finance or CeFi or Centralized Finance is retail banking under regulations a.k.a. U.S. Code: Title 31: Money and Finance.

Prior to cryptocurrency, there was a shadow banking system. They were unregulated and without government involvement at all.

The problem of the shadow banking system was lack of transparency, highly over-leveraged, and lack of access to formal liquidity (source).

During the 19th century, there were none of a few regulated banks but fewer people were able to access the bank rather than in the 20th century when there were regulated banks and few unregulated banks since the majority of people nowadays have access to banks.

The problem of the “TOO BIG TO FAIL” doctrine is pursued under the Federal Reserve mission to prevent financial collapse.

Yet, the 2008 financial crisis marked the unprecedented beginning of monetary accommodation through “quantitative easing” or printing more money. (further reading here)

Since then, printing money is a solution to the financial crisis (source).

So, some unknown person named Satoshi Nakamoto proposed a solution as a new open-source P2P e-cash system called Bitcoin on February 11, 2009, at 22:27.

And he highlighted that

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

The rest is just history.

Problem of TradFi

5 problems:

  • Centralized control → hold custody of customers’ funds (can freeze accounts)
  • Limited access → servers as intermediaries (can censor transactions and charge fees)
  • Inefficiency → near 0% interest earn (high overhead cost or service fees)
  • Lack of interoperability → high costs to switch services
  • Opacity → in-transparent processes

Referring to 1. Overview of Defi

But the real problem is a trust-based system. Banknotes or fiat currency was built on trust to foster value due to its hard to forgery and low inflation rate (source). Fintech tries to fix the trust issue but it seems they did a terrible job (source).

Trust in the financial system has been breached.

We only have a solution on how to resolve the financial crisis through printing more money but there is no solution to how to get out of printing forward.

To put it simply, once we are in, there is no way out (source).

And forget to mention, we still do not know if QE is actually a solution or a problem to introduce at the beginning (source). Further reading here.

What we know is once starting QE, there is no end (source).

Here is a breakdown of what the Fed did in the COVID-19 induced financial crisis.

And worse, the global is following QE everywhere.

So, does Bitcoin a saver? We do not know either (source).

But surely, cryptocurrency is a type of investment.

Traditional Finance Vehicles

There are many types of financial vehicles to engage finance. However, they are all rigged or broken.

And risk ≠ reward, risk means you are permanence lost.

Stock

Stock is a share of the company investors purchase and hope to gain profits along with the company they choose to believe (source).

Stock is rigged

It is rigged because of a combination of high-frequency traders from the institutional, exchange, and hedge funds (source and source). Plus, the stock market is easily manipulated through pump and dump (source).

Bonds

A bond is debt security or a form of loan an investor makes to an entity such as a corporation, government, federal agency, or other organization in exchange for interest payment over a specified term plus repayment of principal when bond hits the expiration date (source).

This is how bonds suppose to work: bond yields signal economic confidence.

Bond is rigged

The Fed actually artificially manipulated interest rates through buying bonds without caring about any investments. Bonds’ performance is based on the Fed’s judgment or in other words, the Fed controls the bond yield.

Mutual Funds/Index Funds/ETF

They are pools of assets put together and offer as one stock for investors to own.

The differences:

  • Mutual funds: actively managed and costly (ave. 1.4% management fees)
  • Index Funds: passively managed and inexpensive
  • ETF: at 24/7 available index funds

Mutual fund is rigged

No matter the performance, fund managers charged you the same price.

Index fund is rigged

Once index fund companies went bankrupt, it is not like a company you can sue to remedy rather than you simply totally lost your funds.

Also, the bigger the size of the winner in the market will win more index funds investment which makes the market riskier and more polarized.

Bank Products

Savings Accounts/Money Market Accounts/Certificates of Deposit (CDs)/Federal Insurance

When the interest rate is higher than the returns rates from the bank, your money is losing value every year.

Stay tuned for the next part of the Defi Guide!

Check out my another article DAO The Way Part 9

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First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K

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First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K




ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction?



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Rumors of a new native ‘Twitter Coin’ emerge while Dogecoiners remain hopeful

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Rumors of a new native 'Twitter Coin' emerge while Dogecoiners remain hopeful


Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform.

Some are citing the initial reports from sources such as Nima Owji, who runs an app-focused information leak account on Twitter.

On Dec. 4, he posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo.

Others have pointed to tweets from tech researcher Jane Manchun Wong, who claimed to have extracted code from a specific version of Twitter’s web app to find the same information as Owji, though the post itself and Wong’s account have since been deleted for unknown reasons. 

Jane Manchun Wong’s deleted threat: Twitter

There has also been a swarm of posts under the TwitterCoin hashtag, with many people excited but ultimately unsurprised that the social media platform could be working on new payment rails and system integrations now that Elon Musk is at the helm.

Members of the feverent Dogecoin community on Twitter and Reddit have also tried connecting the dots, with some remaining hopeful that Twitter Coin is just a placeholder name for Dogecoin, considering Musk’s long-running affiliation with the memecoin.

Speaking on a similar subject in a Dec. 4 Twitter Spaces, Musk suggested to an audience of 2.1 million listeners that he was still interested in integrating crypto with the social media platform.

“It is kind of a no-brainer for Twitter to have payments, both fiat and crypto,” he said.

Related: Ripple CTO shuts down ChatGPT’s XRP conspiracy theory

As it stands, Twitter has been gradually expanding its payment integrations over the past couple of years, and currently supports fiat tipping for a host method alongside Bitcoin (BTC) and Ethereum (ETH), which were integrated in September 2021.

Since the $44 billion takeover went through in October, Musk has overseen a host of changes to Twitter, particularly relating censorship policy, information disclosures and botting activity.



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EGB Affiliate Program – Learn How To Earn Money in 2022

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EGB Affiliate Program - Learn How To Earn Money in 2022


What is EGB Affiliate Program?

EGB Affiliate Program Helps You Earn Money While You Refer Users To EGB Platform Through Your Affiliate Links From Your Blog, Social Media, Email Lists, Etc.

It’s Easy And Only Takes A Few Minutes To Complete The Sign Up Process. Earn Up To Fixed Per Sale!

KeyPoints Of EGB Affiliate Program

Affiliate BasicDetails
Product NameEGB Affiliate Program
Commission TypeRevShare
Minimum Payment$50
Payment FrequencyMonthly, Upon Request
Joining FeesFree To Join
Deep Linking PossibleYes
Payment MethodBank Transfer, Neteller, Skrill, QIWI, WebMoney, Bank Card, Others
Referral CommissionN/A
Tracking SoftwareIn-house
Cookie LengthUnknown
Official Affiliate WebsiteClick Here To Visit Official Website

What Is EGB?

EGB Affiliate Program is a great way to monetize your traffic. As the leading eSports betting company, they guarantee the best service on the market for users and a high conversion rate for affiliates. Promote EGB.COM products and make a profit for each active affiliate user. EGB Affiliate Program currently works with 2 products — EGB Betting Affiliates and EGB Casino Affiliates. 

EGB

EGB features all the most popular eSports disciplines: Dota 2, CS:GO, League of Legends, etc. Also, they regularly hold massive promotions and provide bonuses for your users. EGB Betting Affiliates program also uses the Revshare rewards system. The maximum percentage of revenue can reach 40%. There are 3 stages of cooperation below. 

How To Join EGB Affiliate Program And Make Money From EGB

First Step To Sign Up At EGB Affiliate Program. It Is Very Easy To Join EGB Affiliate. Just Fill Necessary Data Like, Your Name, Date Of Birth & All Required Data By EGB. Once Filled Everything Correctly Just Click On Submit Button. Once Your Submit Application For EGB Program .Your Application Sent To Affiliate Team Of EGB. If Your Profile Eligible For Their Affiliate Program Than You Get Another Approval Email Once You Approved By Team.

Once You Approved By EGB

Now It Is Time To Login Your EGB Affiliate Account. And Start Promoting EGB Program To Your Friends By Email Marketing , Blog , Social Media Etc. Once Any Sale Made By Your Refer Link You Get Fixed % From EGB.

How To Start Promoting EGB Affiliate And Earn Money ?

After You Successfully Join EGB Affiliate Program, You Can Choose From Several Banners And Text Links To Go With The Layout Of Your Website. Place Them Strategically Within The Content Of Website, Blogs, Emails, Newsletters, Etc. Whenever A Visitor (On Your Website) Clicks On One Of These Banners Or Links, They Will Be Directed To EGB Website, And Their Activity Will Be Tracked By EGB Affiliate Software. If They Buy Any Of EGB Products, You Will Earn A Commission Of Up To fixed % Per Sale.

What Are The EGB Affiliate Commission Rates?

You will Earn upto fixed % commission at EGB Tool.

Why Choose EGB Affiliate?

This Is One Of The Most EGB Affiliate Programs In The World. EGB Is A Well-Known Brand In Tool, And Its Generous Affiliate Commission Rates Have Made It A Favorite Choice For Many Affiliates Marketer.

EGB Affiliate Program Payment Options

Once You Are Signed Up With EGB Affiliate Program You Need To Update Your Payment Option. EGB Affiliate Minimum Payout Is $50.

They Offer Payment Options. You Can Select Bank Transfer, Neteller, Skrill, QIWI, WebMoney, Bank Card, Others.

EGB Affiliate Program Features

EGB works with the best providers on the market and has over 8,500 games in different categories: slots, card and table games, and their live variants. The number of games and providers is regularly expanding. They use the Revshare rewards system to work with your affiliates.

The maximum percentage of revenue can reach 45%. The percentage of your revenue changes every month and depends on the number of new users brought in the previous month. There are 5 stages of partnership below.

Why EGB Affiliate Program Is Best For You ?

Being A EGB Affiliate Program Is Great For You And Your Visitors. Your Visitors Get Special Offers From One Of The World’s Top Tool Providers And You Earn Money For Qualifying Purchases They Make Via Your Affiliate Link!

Below Are A Few Reasons Why You’ll Love Being A EGB Affiliate Program

Free Membership

Membership To EGB India’s Affiliate Program Is Free – So You Don’t Lose A Thing. You Don’t Even Need To Buy Anything From EGB India.

What Are The Alternatives For The EGB Affiliate?

These Are Some Of The Alternatives :

How Can You Reach The EGB Affiliate Support?

If You Need Any Help, Then Reach The EGB Team At [email protected].

Frequently Asked Questions

How Do I Become A EGB Affiliate?

Visit this page To Become A EGB Affiliate. It’s Free To Sign Up As An Affiliate For EGB.  

How Much Does EGB Pay Its Affiliates? 

The Standard Payout Commission Per One EGB Signup Is $65. However, Your Commission Goes Up If You Generate More Sales As You Can Earn Up To $125 Per Sale!

What Is The Minimum Payment Threshold Of EGB?

To Receive Your First Payment, You Need To Make At Least $100 As A EGB Affiliate. That Means You Need To Generate At Least Two Successful Signups To Be Able To Receive Your First Payment. 

How Do I Contact The EGB Affiliate Team?

If You’ve Any Questions, You Can Email [email protected] For Affiliate Program Questions And Support.

Conclusion

One Must Join The EGB Affiliate Program For Maximizing Their Earnings.

Many Of The Bloggers Are Sharing Their Payments Screenshots. So, The EGB Affiliate Is Legit. Speaking Frankly, I Never Tried Their Affiliate Program.

If You Had Worked As A EGB Affiliate, Then Please Share Your Experiences. Hope This Review Help The Affiliates For Getting Started.

Affiliate Disclosure: In Full Transparency – Some Of The Links On your Website Are Affiliate Links, If You Use Them To Make A Purchase They Will Earn A Commission At No Additional Cost For You (None Whatsoever!).



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