Good Stuff. In short: - TradFi key players (banks and other intermediaries) and the people therein are incentive-incompatible with the overall financial system. They are operate 'irresiponsibly' and externalize their loss in out-of-bound cases. Thus the leak and global chain effect. - DeFi systems are built bottom-up Raison d'être (reason to live). Thus the incentive compatibilty, localized settlement and most importanly, anti-fragility to the whole DeFi system.

This is the second article of the #think-elegant series. Check out the first one: choose vigor over rigor should you be interested to know more. Minimalism in thinking, coding, and writing has been praised by millions. …

#think-elegant: choose vigor over rigor This is the first article of a series sharing some effective principles to sharpen one’s mind #think-elegant series —to help us beautifully formulate problems, define the unknown and come up with innovative solutions for problems. …

Rules for my sharing: simple, genuine, good stuff. Sometimes I will share some thoughts collected when I am rolling around this crazy world. Here are some principles I adhere to in writing: Simple — Focus on one interesting question to answer. And the problem solution to it should be simple and effective. Genuine — humbly share our perspectives, in the exact way they would have been shared with my dearest family and closest friends. What I write is what I have experienced or truly believe in and hope that it may help some others too.

In the midst of chaos due to the fall of the Roman Empire, with the purpose of creating regularity and order, Christian monasteries employed the ringing of the bell seven times a day to call monks to prayer. …

Towards Map 3.0: the Consensus Map The Value of Digital Location Location — like time, constitutes the meta data of our world. Map, a wholistic representation of locations, empowers any human or machine (e.g. …