Where DeFi is headed

[Sayeds56]

There is a lot of improvements, products, services and platforms still developing under the defi umbrella.
The most important thing for defi to move forward and bring adoption is security and there should not be any kind of loopholes for any hacker to exploit so i am hopeful with all the developments defi will be heading towards the right path next year.

Well said. DEFI sector is very innovative and continuously  exploring new opportunities to provide passive income to its investors but it still need to enhance its security system to the level where investors are confident about security of their funds. This sector has shown massive growth in 2020 but now this sector is also Bearish like Bitcoin market.

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[Tokenista]

We have been Married since 2018, but we are just getting her Business started now after she went through Hurricaine Harvey and we went through a bunch of Bigotry
https://m.facebook.com/story.php?story_fbid=114621657549976&id=100070064266440

But we are about to get her Business set up, and we are starting a Lawsuit against the Department of Labor, etc, and Facebook, AT&T, etc.

[Tokenista]

And just a strange comment about Markets,

HODL is great for Coin Economies,
But at one point Bitcoin was actually held back by a lack of liquidity everyone would now say, but it was that too many Coins were in too few hands, which is a degratory HODL. Like holding Milk.

[Tokenista]

There will be a Sea Change here soon.

A bunch of nerds in the Media are thinking they are cooler than me because they met Drake or something. But I'm about to be back in Crypto. Bitcoin may go way up.

[Tokenista]

We will be Launching a DeFi Network soon with Soap and Herbs as a Bank of Value to draw from as it builds value.

[marine4u]

DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured

I agree that defi has many failed projects, only some of which have been successful so far. Defi can easily be acquired for the first entrants, it invisibly creates greater pressure on trust in the foundation for the long term because the initial benefits are too great.
Of course, all the results of defi are aimed at sovereignty, expansion, but in return, the majority have not shown performance and trust, only pulling carpets and hacking. It is a fact that Defi needs to change and develop regular adjustments to find a solution to balance this great "benefit". I believe in the coming time, Defi will continue to expand in terms of liquidity and develop more.

[terrific]

We will be Launching a DeFi Network soon with Soap and Herbs as a Bank of Value to draw from as it builds value.

That looks a new idea.
Is there a big value for that niche that you are about to launch?
Will it be liked by your investors? well wish you luck.

[MoneyJ]

The world of Defi is still young . There are so much potentials and services that will appear and lord it over with its automation and higher yields over their centralized counterpart . Still in the horizon are insurances and other banking services that can run autonomously in a decentralized and permission-less manner.

[isaac_clarke22]

~

Never invested in any of these DeFi project nor that I would plan to just yet or maybe not at all.
NFT already took the mainstream media and I highly doubt that any DeFis are gonna still be reported anytime soon.

~

Not sure how would I feel about this. It was young, but I never heard much of it after that.

[Tokenista]

This article should be called, "How to raise the price of Bitcoin"
https://thehill.com/opinion/cybersecurity/564696-bye-bye-bitcoin-time-to-ban-crypto-currencies

Banning Bitcoin just makes it more valuable

[Tokenista]

This has been delayed because of Corona Virus Economy issues, and the State of Texas, but soon we will be:

Expanding on the Punic Tokens,
Punic Metals and Gemstones,

Some will then be Blockchains instead of Tokens.

Early on we will get the Mining Pools going to Mine other Coins, then we can add ours.

We will have Witnesses on the Steemit Clone Chains.

We will have an ETH Clone called Akasha, and then a Temple Coin. We will also Clone DeFi Projects, and make a DAO to issue Coins and Tokens for the DeFi Projects.

We will be focused on then getting other People making City and State or Religious Currencies, as well as Corporate Coins, etc.

[Tokenista]

Like Chris Cuomo and Don Lemon and others in the media somehow got the idea that stealing from me, makes them cooler than me, because they met Drake or something when Ari Melber connected Drake and others to undercover cops and agents.

So I'm about to have to show everyone. I made Bitcoin acceptable and was attacked for Creating Bitcoin Town concepts (attacked as Centralized) and now Akon is doing it. So the AnCaps and AnComms are going to have to take a backseat here.

[Tokenista]

We are starting a Network of Coins with a HIVE Token first.

Here's what we are doing and teaching, we will then go on to ERC20 TRC20, and Clones of Blockchains as well as several other Tokens

So, at some point in the past Steemit had an issue where most people could not earn enough to mean anything. So they created a Protocol on the Blockchain by which Smart Contracta could be made, like ERC20 Type Tokens.
https://chainbulletin.com/steemit-releases-token-launching-protocol/

https://youtu.be/w3acqauTdhc

These Tokens are currently one of the best options for a company with little to no resources to create their own Cryptocurrency, and growing it by building a community on Steemit. ERC20 Tokens are more complicated because they are not as liquid upon creation, require some coding knowledge, require Ethereum Wallets which themselves are a barrier to entry for the non-tech savvy, and are not connected to a Social Media Crypto earning platform.

Ethereum dApps are for Ethereum Miners to use, others coming in are extra really, there are others but they are Buying gas power and learning Ethereum. Graphene SMTs are on Steemit, a much better GUI model.

If you have skill as a Programmer and want to Upgrade BLURT, these are the Steemit git Repos for Smart Media Tokens (SMT) which are now most well known from Steem-Engine/Hive-Engine Tokens made by Aggroed, DTube and APPICS (Scot Bots). If you were to implement any of this, you could then announce it on BLURT and both earn BLURT and Trade Tokens for BLURT. You could be the BLURT Aggroed:

https://github.com/thilobillerbeck/awesome-steem

https://github.com/harpagon210/steemsmartcontracts

https://github.com/harpagon210/ssc_tokens_history

https://github.com/holgern/steem-scot

https://github.com/ledgerconnect/steemconnect

https://github.com/selmi-karim/steemitgram

https://github.com/steemit/smt-whitepaper

https://github.com/mukai154/webblen-io

If anyone wants to help Build the Future, I added a question on Quora regarding creating Smart Media Tokens (SMTs) from github meant for Steemit, by forking them to BLURT
https://www.quora.com/unanswered/How-do-you-Build-Smart-Media-Token-gits-on-BLURT-a-Graphene-OpenLedger-Bitshares-Steemit-based-Blockchain

I am sure someone will accomplish the task of creating SMTs on BLURT at some point, and earn themselves plenty of money. But if the process could be explained on Quora, or at least discussed, then people will have a good starting point for Future Graphene Token Projects.

I will continue to add more and more information to BLURT discussions so that there is even more that can be achieved by the community.

Because when you go on Google and search "BLURT" and just keep scrolling and reading, for hours and hours, this is what you will find, and this is what you were looking for. I am putting together information to create the Future, by letting other people find it all in 1 place.

This is a good place to start, it was written when they were created
https://steemit.com/smt/@nanzo-scoop/dissecting-the-smart-media-token-smt-whitepaper-an-easy-overview

Scot Bot Tokens
https://steemit.com/steem-engine/@aggroed/scotbot-launch-time-to-make-your-own-custom-token-powered-by-proof-of-brain-on-steem

DTube Clones
https://steemit.com/dtube/@heimindanger/steem-engine-tokens-dtube-scottube

https://github.com/openhive-network/hive
"Hive aims to be the preferred blockchain for dApp development with Smart Media Tokens at its core. With SMTs, everyone can leverage the power of Hive."

Steemit's Smart Media Token (SMT) White Paper
https://www.google.com/url?sa=t&source=web&rct=j&url=https://smt.steem.com/smt-whitepaper.pdf&ved=2ahUKEwi2kt6D7aHtAhVQTjABHQnzB_8QFjACegQIBBAB&usg=AOvVaw1wIxna23N-M0czk2lBvfcB

These are SMT Posts from Hive, explaining how they have expanded since Steem-Engine

https://hive.blog/utopian-io/@howo/introducing-steempress-beta-a-wordpress-plugin-for-steem

https://hive.blog/utopian-io/@flauwy/steempress-an-open-source-wordpress-plugin-for-steem-developers-wanted

https://hive.blog/cryptocurrency/@cryptossi/xmax-haven-for-dapp-developers-and-investors

https://hive.blog/smy/@aljustun/smart-media-token-development

https://hive.blog/proposal/@fullalt/hivetips-proposal

https://hive.blog/sps/@futureshock/teelkee-the-steem-dapp-builder-proposal

https://hive.blog/waiviodev/@waivio/waivio-proposal-steem-as-a-platform-for-business

https://hive.blog/hive/@yabapmatt/some-thoughts-on-the-future

https://hive.blog/smt/@the-alien/smart-media-tokens-introducing-the-game-changer

Steemit: Under New Management
https://steemit.com/hive-142140/@punicwax/steemit-under-new-management

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-the-sidechain-that-brings-the-power-of-smart-contracts-to-the-steem-blockchain

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-save-and-load-the-blockchain

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-interaction-via-cutom-json-and-transfer-operations

https://hive.blog/smartcontracts/@harpagon/you-can-now-issue-your-own-token-on-the-steem-blockchain

https://hive.blog/utopian-io/@harpagon/steemconnect-unable-to-sign-a-customjson-operation-with-an-active-key

https://hive.blog/steemsmartcontracts/@harpagon/steem-smart-contracts-make-the-sidechain-s-private

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-javascript-the-library-that-makes-the-interaction-with-the-nodes-easier

https://hive.blog/steemsmartcontracts/@harpagon/what-s-up-with-the-steem-smart-contracts-tool

https://hive.blog/steemsmartcontracts/@harpagon/steem-smart-contracts-ssc-token-block-production-rewards-proposal-system

https://hive.blog/steem-engine/@holger80/how-to-build-a-steem-engine-token-upvote-bot

https://hive.blog/steemengine/@steempeak/steempeak-now-displaying-steem-engine-tokens-in-wallet-page

https://hive.blog/steem-engine/@harpagon/how-about-a-dice-game-on-steem-engine

https://hive.blog/dev/@harpagon/a-new-history-tool-for-steem-smart-contracts-in-test

https://hive.blog/dev/@harpagon/market-history-tool-for-steem-smart-contracts-now-available-in-test

https://hive.blog/steemsmartcontracts/@harpagon/steem-smart-contracts-a-few-words-regarding-the-consensus-layer

https://hive.blog/smartcontracts/@harpagon/do-you-really-need-smart-contracts-on-hive

https://hive.blog/koinos/@harpagon/mine-wkoin-wrapped-koin-with-your-hive-power-hp-for-free

https://hive.blog/smart-contracts/@harpagon/how-do-you-fuel-properly-a-smart-contract-platform

[Tokenista]

And part of what made STEEM successful was me being there, there is a Framework for how to make Currencies work, and you can see the Framework Modeled very well in DOGE.

DOGE was a Joke,
"Much Currency, Very Wow".

To understand how it happened, you have to understand where Crypto was as a Technology. When you join in Mining Today, if you want to mine Bitcoin Profitably you need to have a large Hash rate, you are competing with Mining Farms. Otherwise you have to Mine smaller Currencies with less competition so your Hash rate is competitive. When Bitcoin started you could use 1 Laptop, when it started it was just 2 people Mining, then they shared the Technology out and it became a Novel thing, not even a Video Game Gold, just a Wallet and a Hash rate, and the ability to send it to each other.

Then one guy, probably sitting at his Mom's house, had 10,000 BTC, worth nothing. And traded them for 2 Pizzas, that was the first trade ever. Soon after, it was on the Silk Road as the Currency and you could buy Counterfeit Money, and have Heroine delivered by the Mail man. Eventually they were about to add a Human Body Parts market selling Ears and Noses, etc, when the Government took Custody.

But,
While that was happening Litecoin was created, a new Algorithm, Scrypt. This happened because Butterfly Labs was creating ASICs which blew CPU (Computer/Laptop Mining), and GPU (Gaming Processors), out of the Water and no one could Mine Bitcoin anymore, so they switched to Litecoin. At first there was no way to use an ASIC for Scrypt, but someone figured it out and they made Feather Coin to make it easier than Litecoin.

This kept happening until they made the CryptoNite (like Superman) Algorithm, for CryptoNotes (like Monero).

But before that, after Feather Coin or around the same time, was DOGE, a Joke and a Coin with so many in a Block everyone had tons, so they made threads to hand it out saying "everyone post your wallet for Free DOGE", and that made everyone invested. This works well for Proof of Stake also, which is where STEEM comes in.

Steemit is Delegated Proof of Work and Staking, so the Bitcoin type Mining is Voted for, meaning all the nodes can be held open by Laptops, then everyone else earns by Proof of Stake and through Votes on the Platform.

So what we are seeing is Currencies that have not just the new Tech, but that put it to uses that are accepted by the general public in a way that then becomes what is called a Meme, that's the best word for it, I don't like the word Meme, as you could call anything a Meme that becomes a Cultural icon but here it fits because it's about Internet Gifs and Banners, etc, which stick in your head.

But there is an element further than that which can be seen in the early joke coin BBQ Coin, which did start being accepted at a few BBQ places and then we can see the same thing in Gold/Silver for Bitcoin, or what we are doing in Soap for Crypto, these are all more than a Meme and ground the Currency.

We will raise HIVE to new heights.

[Tokenista]

I have gone through the link provided above and it's a very good platform but there is no correlation with crypto, it should be where individuals can create their own community which can be post crypto related article not only limited to beauty. Looking too well you should include your media pages like twitter, Facebook and website.

I followed them on their other thread but I completely disagree with you. There is no less correlation with crypto here than any other platform that supports some kind of industry. The problem with altcoins,,, displayed by guys like you (no offense).

If all the alts do is just talk about price and money and speculation and buying and selling, there is no utility.

If the alts people actually talk about the interest behind the platform, like Steemit (old) and Hive, then you create a real interest and utility.

I didn't say it is bad please don't get it wrongly all i said is; there should be a section for bitcoin, altcoin discussion where one can talks about currency and not only beauty there are lot of people who maybe interested on Altcoin article related post and while there will be other individuals who will be interested on beauty post. Now the two people can easily read freely without thinking about only beauty or altcoin perhaps not only those things but related to all sections of life.

Why don't you make a Token for that?

We are making a Token which is part of an Ancient force if Nature fighting Pimps and White Supremacists to protect African Heritage.

CHARACTERS

AGORASTOCLES a young man; Carthaginian by birth, Calydonian by upbringing
MILPHIO a slave; works for Agorastocles
ADELPHASIUM a girl; Carthaginian slave of Lycus, loved by Agorastocles
ANTERASTILIS a girl; Adelphasium’s sister
LYCUS a pimp; a newcomer in the city of Calydon
ANTAMYNIDES a soldier; interested in Anterastilis
ADVOCATES1 litigious freedmen siding with Agorastocles
COLLYBISCUS an overseer; works for Agorastocles
SYNCERASTUS a slave; works for Lycus, but dislikes him
HANNO a Carthaginian; father of Adelphasium and Anterastilis
GIDDENIS a nurse; abducted long ago together with Adelphasium and her sister
SLAVE BOY son of Giddenis, belongs to Hanno
SLAVE GIRL belongs to Lycus, accompanies Adelphasium and Anterastilis to the temple
STAGING

The stage represents a street in Calydon. The house of Lycus is on the left, that of Agorastocles on the right. The street leads to the city center on the right and to the temple of Venus and the harbor on the left.

https://youtu.be/16ZqmXO1iB4

[LordMiguel]

unfortunately, steem is out of the equation. after the platform was sold to justin and his centralized gang. the steemit platform which was a decentralized social media platform lost everything. people ran away from it. i discovered there was also a hard fork of the project where people that doesn;t support the justin team can run their own version of steemit.
Defi is here to stay. it is all about decentralized finance. same way centralized finance offered by traditional business has been running. same can be said of Defi.

[Tokenista]

Tomorrow we will Launch the Beauty Token and begin an ICO stage with very, very low prices, we intend to trade the Crypto for Soap to begin, so we would rather the prices be low, candidly so we can get as many coins back as we can for the least amount of Soap. This will go on for a few weeks as we also start seeking out Ambassadors, these will be people who are active on HIVE, STEEM or BLURT Blockchain, some with relatively high HP votes to help get HP into the HIVE Beauty Community, but some who can just work within the Beauty Token Economy to help spread the Upvotes where they need to go, and create a HIVE-Engine and HP based Curation Team, with Ambassadors being given large amounts of Tokens and each passing them out to maybe hundreds or thousands of other people so that each Ambassador at least has a few active users under them, and the ability to introduce people to the Economy.

Then we will create a HIVE-Engine Bot on the Token in a few weeks and maybe a front end at some point, then we will begin bringing everyone in who wants to earn, introducing the community as a functioning Economy, selling Soap for the Token and HIVE, writing How-tos, starting Contests, and create a Network of people earning Passive Beauty Income, Buying Supplies, Selling Supplies, Selling Ingredients, etc. Then we will start making Markets by offering Bounties for things that are either not available online, or which do not have good small batch wholesale markets, as in maybe we don't need a Ton, but there needs to be a 50 lb Market availability we could post a Bounty for and can't get at a good price online.

We will also then start trading Precious Metals, Gemstones, etc.

[MoneyJ]

Several DeFi projects have now established the foundation. Many blockchain developers are itching for more enthusiast of conceptualizing innovative applications that are way beyond centralized finance. Developers are indeed taking it to the next level and taking advantage how advance and useful smart contract gonna be.

[Stunzz]

DeFi is still at its infancy stage but I think the innovation is great as it pave way for lot of possibilities and development in crypto.

[Baihaki Khaizan]

I've seen that most of the DeFi project doesn't turn out great unfortunately I wasn't able to invest at least to 1 DeFi since I think this could be risky, so where the DeFi headed to? We're not quite sure at all maybe soon we would be able to have something new.

If you are a diehard fan of crypto assets, you certainly won't be ignoring the developments regarding defi. Granted, most DeFi projects are still in their early stages, but there is an expectation that big players in the financial services sector will also move to this technology in the future.