Bitcoin Price Rally is Just Getting Started, Says LightSpeed Venture's Partner - NEWSBTC
This is the best tl;dr I could make, original reduced by 50%. (I'm a bot)
Bitcoin still holds the distinction of being one of the best-performing assets of 2017, despite its recent drop in price, which has since then recovered. While people continue to wonder whether Bitcoin's current price trend is a bubble or not, one person says that the cryptocurrency is just getting started and will soon reach new heights mostly driven by the people's need to have an alternative investment. According to Jeremy Liew, a partner at Lightspeed Venture Partners, the demand for Bitcoin and other cryptocurrencies will continue to grow in the coming days as the world continues to move towards instability, in terms of geopolitics, military interventions, etc. The steadily growing currency inflation in many countries has increased the risk of an economic meltdown, which will also play a crucial role in driving the demand for Bitcoin. The current status of Venezuelan economy stands proof of the connection between Bitcoin demand and high rates of inflation. There have been many price predictions in the recent days that puts Bitcoin's price anywhere between $5000 to $1 million in a span of 3-5 years.
DeFi Glossary - Draft glossary for yEarn Documentation
Hey everyone. I'm one of the many yEarn community volunteers. Besides doing volunteer Tier 1 tech support here at this early stage, I'm also one of the volunteer technical writeengineers for this community project. I write SOPs and procedures as one of my engineer hats at my day job. This should be helpful for newbies. It's a WIP and a first draft, but I would also appreciate feedback on the current list, and suggestions on new terms that should be included on what we're hoping will be a definitive glossary and reference for the DeFi space. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Algorithm - A set of instructions that follow predetermined commands and rules. Computer algorithms can operate at near lightspeed and have massive speed advantages over manual methods. Blockchain - An immutable permanent public record or ledger of all transactions during the history of a cryptocurrency coin or token. Cryptocurrency - A form of digital currency that is protected by powerful encryption algorithms that is represented as a digital coin or token. Cryptocurrency coins are programmed to have a minting, release, reward and distribution system, governance system, and ability to make future changes. These digital coins or tokens include a ledger or blockchain record of all transactions that occur on their respective networks. DeFi - Decentralized Finance is at its root a set of smart contracts running independently on blockchains such as the Ethereum network, that may or may not interact with other smart contracts and even other blockchains. The goal of DeFi is to enhance the profitability of investors in DeFi systems and networks through the use of automated smart contracts which seek to optimize yields for invested funds. Ethereum - Bitcoin is the original cryptocurrency but Ethereum, which came later, allows for much more complexity through the use of smart contracts. It is what is called an ERC20 coin, and it has a large number of cryptocurrency coins such as LINK, CRV and YFI that have used this protocol and set of rules to launch their own cryptocurrency coins on the Ethereum network. Fair Launch - TBD Financial Primitive - A cryptocurrency based financial generic building block. Financial Primitives are designed to efficiently and reliably perform one task. Financial Primitives may be combined to create smart contracts. These smart contract may even be stacked upon one another in order to implement financial trading strategies. Insurance Primitive - A term coined by YFI Developer Andre Cronje, this is a tokenized form of insurance represented as yInsure-type tokens. The token itself provides opportunities for investors to be able to provide crypto insurance to any base asset. Andre states: "The design of this system allows any asset that has a financial primitive to be insured, be it a base asset such as DAI, or a composite asset such as aDAI or yDAI." Investors of yInsure provide Liquidity to be used to execute crypto insurance smart contracts. In return, investors hope to provide an insurance service and profit from this service. Lending Aggregator - A program or set of smart contracts that algorithmically and automatically seeks and chases the best lending rates for depositors to loan out for their coins for a profit. Primitive - A generic building block. ROI - Return On Investment. The gains or losses on an investment. For example, doubling your investment worth would be a 100% gain. Losing all of your investment would be a 100% loss. The latter is not recommended and should be avoided at all costs. Smart Contract - (working on this next) yEarn - A programatically adjusted lending aggregator. It is also a shorthand name for the yEarn Finance ecosystem. YFI - The governance token for the yEarn Finance ecosystem and suite of tools. YFI was the first Fair Launch token, meaning that there was no Founder, Venture Capitalist or early investor pre-mining program to privately claim a portion of a coin's supply. YFI was Fair Launched on July 20, 2020 with an intial price of $34.53, according to Coingecko. yVault - A programatically adjusted lending aggregator, arbitrageur, and optimized yield farmer. yEarn smart contracts are considered simpler and lower risk than their yVault cousins. In comparison, yVault smart contracts are considered more complex and higher risk, but in return they tend to yield higher Returns On Investment. ...lots more to come. I'd love to hear some suggestions about what other terms should be included. Mahalo!
Lightspeed Venture Partners is watching closely as the protocol continues to grow and change: “I think that, as the number of people in the bitcoin ecosystem increases, the pressure to ‘fix ... Lightspeed Venture Invests $2.8M in Crypto Market Maker Wintermute Wintermute, an algorithmic liquidity provider, has received a $2.8 million investment from the prominent early-stage firm ... Lightspeed Venture Partners, headquartered in California, has put together a USD 1.8 billion fund to invest in startups across Southeast Asia. These will focus on cryptocurrency, Bitcoin Price Rally is Just Getting Started, Says LightSpeed Venture’s Partner – NEWSBTC. Posted on June 22, 2017 by 1 Bitcoins. 1 Bitcoins. Bitcoin News and Search. 1 News -24 7 News -24 7 Bitcoin -1 Search. Search for: submitted by /u/slacker-77 : 1 Bitcoins. Bitcoin News and Search. 1 News -24 7 News -24 7 Bitcoin -1 Search. Search for: Posted in Bitcoin News, News, Reddit Tagged 247 ... Lightspeed Venture Partners is set to become the latest addition to Silicon Valley’s growing interest in blockchain endeavors. The top-tier VC firm is now explicitly investigating how to create a new cryptocurrency investment project. Lightspeed has a specific focus on investments centered on enterprise technology, consumer, and cleantech markets.
A VC's advice on how to meet with venture capitalists http://vator.tv/n/c3 Lightspeed Venture. Barry Eggers, Lightspeed Venture Partners and Randy Pond, ... David Chen of Lightspeed Ventures visits Plug and Play Bitcoin - Duration: 0:30. Plug and Play Tech Center 2,086 views. 0:30 . Jeremy ... Lightspeed Ventures' Liew on Snap and Celebrity-Backed Startups - Duration: 5:35. ... How Does BitCoin Work? - Duration: 4:10. BrainStuff - HowStuffWorks Recommended for you. 4:10 . Bitcoin: How ... David Chen of Lightspeed Ventures visits Plug and Play Bitcoin - Duration: 0:30. Plug and Play Tech Center 2,086 views