DEIXA

Ultimately, getting involved with DEIXA or any crypto coin involves investing in cryptocurrency.  During the writing of this book, cryptocurrencies have headlined the news for many of the wrong reasons. Dogecoin lawsuit, the collapse of LUNA, the unraveling of Celsius and Three Arrows. Its enough to give the unsophisticated crypto investor pause while crypto sorts itself out. The growing pains of crypto are well documented. In the few years I've followed the trends, I believe we're in our 4th bear market, always followed by feverish run ups as crypto's uses and efficiency continues to advance. But though the markets have proven volatile, what is undeniable is what started from nothing less than 15 years ago is now a trillion dollar industry with countless fortunes made in the process. Obviously getting in from the outset has its distinct advantages and full credit must be given for those who had the vision and the courage to see the movement through. And as with most booms,...

Impossible to dabble in crypto and not confront the term Defi. And Defi being a crypto term, it will require some much needed explaining. DeFi is short for decentralized finance, which is an umbrella term for financial services on public blockchains, with Ethereum being the most popular among users. With DeFi, you can do most of the things that banks support, earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more. but it’s faster and doesn’t require paperwork or a third party. As with crypto generally, DeFi is global, peer-to-peer (meaning directly between two people, not routed through a centralized system), and open to all. Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies.  DeFi takes the basic premise of Bitcoin, digital money, and expands on it, creating an entire digital alternative to Wall Street, but without all the associated costs (think of...

What makes up a crypto community? Cryptocurrencies are best understood by examining the structure and values of the communities they represent. Cryptocurrencies are really cryptocultures of which there are many. Put simply, these are open-sourced communities with their own micro economies. Each community embeds its values into their blockchain. The values and tech are closely intertwined with each other. Overall, Cryptocurrencies, even the jokey meme ones, have become part of a robust, well-funded ideological movement. Bitcoin, which emerged out of the ashes of the 2008 financial crisis, first caught on among libertarians and anti-establishment activists who saw it as the cornerstone of a new, incorruptible monetary system. Since then, other crypto communities have evolved with similarly lofty goals. Crypto communities are essentially groups of individuals with a shared interest in cryptocurrency investing. Cryptocurrencies are complex, and members of crypto communities mak...

  Web3 is the name some technologists have given to the idea of a new kind of internet service that is built using decentralized blockchains. the shared ledger systems used by cryptocurrencies like Bitcoin and Ether. Inherent in the emergence of Web3 technology is there must have been a Web1 and Web2. So lets begin begin with a brief history of these other Webs. Web1 refers to the  original internet of the 1990s and early 2000s. It was the internet of blogs, message boards, and early services like AOL and CompuServe. Most of what people did on web1 was passively read static web pages, much like an internet Wikipedia. Web2 was the next phase of the internet. Starting around 2005, it is the Web we are most familiar, the one characterized by social media behemoths Facebook, Twitter and YouTube. In Web2, people began creating and posting their own content, actively participating in developing web content rather than passively reading it. But most of our creative cont...

Welcome to the age of the DAO or the Decentralized Autonomous Organization. Quite the mouthful, these DAOs. Lets break down what exactly are these exciting new clubs for crypto enthusiasts. Broadly speaking, DAOs are organizations of individuals who establish their own governing rules and make decisions executed by pre-programmed smart contracts on a blockchain. DAOs remove the need for any central entity or single point of control. Their core objective is to bring together a community of like-minded users with similar interests to work together toward a common goal.  Being internet organizations, DAOs have several advantages over traditional organizations. One significant advantage of DAOs is the lack of trust needed between two parties. While a traditional organization requires a lot of trust in the people behind it, especially on behalf of investors, with DAOs, only the code needs to be trusted. Trusting that code is easier to do as it’s publicly available and can be e...

We've now reached the technical part of our program. What exactly is a blockchain? A blockchain is a relatively new kind of database that has become the trendy solution for storing digital information. They have become the infrastructure for an entirely new decentralized economy.  In general, talk of infrastructure is boring. Just ask Congress. Bridges, roads, power etc. Infrastructure only makes the news when it screws up. (See Texas and its fickle power grid or Flint Michigan and its water troubles) But without infrastructure, none of our modern metropolis' would be possible.  In order for a thriving digital economy to emerge, it must have a reliable backbone supporting it. That is the role of a blockchain. Lets break down the term blockchain. As it goes with crypto, there is no block nor chain in a blockchain.  But it got that name over time because all of the transactions coming onto a network were grouped into blocks of data and then chained together using sophis...

A news notification came in the other morning. American megastar rapper Snoop Dogg announced the release of his new music in the form of an NFT, to be released on the upstart cryptocurrency Cardano and its blockchain.  Apparently reports of the NFT movement's demise were premature. It was hard to go a day in 2021 without hearing about another record breaking price paid for an NFT. And rightly so. What began as a whim in 2014 by digital artist James McCoy when the first known NFT was minted has grown to a 40 billion dollar industry in a mere few years. But what exactly are these mysteriously named entities and why are artists of all creative stripes distributing their work in this exciting new format? And better yet, why are investors willing to pay seemingly exorbitant prices to own a piece of said art and what does this signify for the future relationship between creators and consumers in the emerging digital art world? For starters, lets define our terms. NFT stands for Non-Fungi...