Too Busy For Crypto

How a DEX Works (Decentralized Exchange)

Most people have no idea what a DEX is or how it works. DEX is short for Decentralized Exchange. It is synonymous with AMM, or Automated Market Maker. Holders of Real Crypto can use a DEX to trade cryptocurrency with other holders of Real Crypto in a manner consistent with Decentralized Finance.
A DEX is a key component of Real De-Fi (Decentralized Finance). Since most people who think they are in crypto are not in Real Crypto or Real De-Fi, understanding how to use a DEX instead of a CENEX (Centralized Exchange), is essential for escaping Fake Crypto and Fake De-Fi, and using cryptocurrency as it was intended: with no middlemen or centralized control.
This episode, I will discuss the basics for understanding DEXes. I compare a DEX to a CENEX. I discuss aspects such as an order book, order router, inventory, liquidity providing, liquidity pools, fees, slippage, market orders, limit orders, and viewing trading pairs as ratios.
 
In previous episodes, I have discussed basics about crypto, such as risks, terminology, and perspective. If you are unfamiliar with cryptocurrency, please listen to my episodes titled "Risks and Warnings", and the episode "What is Crypto?". Cryptocurrency is software. It is the best performing asset class in history. Historically, extreme price volatility has been the trade-off for that performance. Those of us who participate should educate ourselves accordingly.
This podcast IS for fans of cryptocurrency who want to learn more or better articulate what they know. This podcast IS NOT financial advice or trading advice!

Inflation and M2 Dollar Supply

This episode continues the theme on inflation data. The St. Louis Federal Reserve FRED website publishes data such as the M2 Dollar Supply series. This chart shows how the supply of dollars available to the public has increased from 1980 to today (2023). Monetary inflation leads to price inflation.
https://fred.stlouisfed.org/series/WM2NS
We must understand the problem of limitless inflation in order to identify the solution of limited inflation.
This podcast is not financial advice. This is educational content to promote financial literacy. I hope you learn something or learn a new way to articulate these ideas. Enjoy!

Inflation and the Purchasing Power Index

Did you know the modern dollar has depreciated 97% since it was created in 1913?
Inflation is the silent threat to individual wealth in the modern world. Purchasing Power depreciates as a currency inflates. A common way to visualize dollar depreciation is through the Purchasing Power Index Chart published by the St. Louis Federal Reserve FRED website.
https://fred.stlouisfed.org/series/CUUR0000SA0R
This episode discuss this chart, the data, and some history behind the data. This is a an entry point to discussions about the twin scourges of central banking and fiat currency. This podcast is not financial advice. This is educational content to promote financial literacy. I hope you learn something or learn a new way to articulate these ideas. Enjoy!

Hex Mining and T-Share Mechanics

When anyone is researching HEX, it is a magical time when they first ask the question: So, what IS a T-Share? T-Shares are HEX miners. T-Shares mine HEX inflation. Shares share the HEX inflation that is distributed to Shares. HEX has an systemic annualized supply inflation of 3.69%, and it has to go to someone. Instead of going to everyone, it goes to those with Shares. Shares may be acquired with HEX. HEX may be acquired with Shares. This explanation scratches the surface. Please listen if you wish to learn more.
In previous episodes, I have discussed basics about crypto, such as risks, terminology, and perspective. If you are unfamiliar with cryptocurrency, please listen to my episodes titled "Risks and Warnings", and the episode "What is Crypto?". Cryptocurrency is software. It is the best performing asset class in history. Historically, extreme price volatility has been the trade-off for that performance. Those of us who participate should educate ourselves accordingly.
This podcast IS for fans of cryptocurrency who want to learn more or better articulate what they know. This podcast IS NOT financial advice or trading advice!

Got Yield?

What is Yield? This episode discusses yield in the context of financial literacy. I begin by discussing living yield, mineral yield, business and land. Then I discuss major classes of debt and equity financial products that include bonds and stocks. These ideas are foundational to be able to think about how yield works in cryptocurrency. For cryptocurrency, I only discuss the difference between custodian yield ("fake crypto") and custody-free yield ("real crypto"). This is general education and is not financial advice.
In previous episodes, I have discussed basics about crypto, such as risks, terminology, and perspective. If you are unfamiliar with cryptocurrency, please listen to my episodes titled "Risks and Warnings", and the episode "What is Crypto?". Cryptocurrency is software. It is the best performing asset class in history. I invite you to learn why.

Bubba Uses DeFi Part 2 - Getting Real Crypto

In previous episodes, I have discussed generalities about crypto, such as risks, terminology, and perspective. This episode I will offer narrative story about how Bubba Uses DeFi. In this story, Bubba will start with dollars, then take a journey from fake crypto to real crypto on the Ethereum Network where Bubba acquires HEX and stakes it.
Part 1 covers the "on-ramping" process of going from Dollars at a bank, to buying stablecoins on a centralized exchange, to moving those stablecoins from the exchange to a personal wallet. Part 2 covers using a decentralized exchange to trade stablecoins for HEX, then staking the HEX.
My intent is to offer tangible details that allow any person to better understand and articulate one avenue to turn Dollars into Crypto with minimized reliance on centralized middlemen. This story is not a comprehensive description, and may include errors or inconsistencies. This story is not to encourage you to participate. If you are a no-coiner who has never participated in crypto, you will become aware of costs and technical nuances that no-coiners don’t know to research ahead of time. Historically, most people in crypto have learned by experience and lost money as part of the learning process.
Please listen to my first four episodes on risk, downsides, and disclaimers, if you have not already. Those first episodes on Crypto-Negatives are meant to anchor my more Crypto-Positive content. I consider this episode Crypto-Postive.
This podcast IS for fans of cryptocurrency who want to learn more or better articulate what they know. This podcast IS NOT financial advice or trading advice!

Bubba Uses DeFi Part 1 - On-Ramp To DeFi

In previous episodes, I have discussed generalities about crypto, such as risks, terminology, and perspective. This episode I will offer narrative story about how Bubba Uses Defi. In this story, Bubba will start with dollars, then take a journey from fake crypto to real crypto on the Ethereum Network where Bubba acquires HEX and stakes it.
Part 1 covers the "on-ramping" process of going from Dollars at a bank, to buying stablecoins on a centralized exchange, to moving those stablecoins from the exchange to a personal wallet. Part 2 covers using a decentralized exchange to trade stablecoins for HEX, then staking the HEX.
My intent is to offer tangible details that allow any person to better understand and articulate one avenue to turn Dollars into Crypto with minimized reliance on centralized middlemen. This story is not a comprehensive description, and may include errors or inconsistencies. This story is not to encourage you to participate. If you are a no-coiner who has never participated in crypto, you will become aware of costs and technical nuances that no-coiners don’t know to research ahead of time. Historically, most people in crypto have learned by experience and lost money as part of the learning process.
Please listen to my first four episodes on risk, downsides, and disclaimers, if you have not already. Those first episodes on Crypto-Negatives are meant to anchor my more Crypto-Positive content. I consider this episode Crypto-Postive.
This podcast IS for fans of cryptocurrency who want to learn more or better articulate what they know. This podcast IS NOT financial advice or trading advice!

What is Crypto? The Basics, The Thesis, The Ethos

This episode, I will discuss “What is Crypto? The Basics, The Thesis, The Ethos”. I discuss basic terms and jargon. I discuss flaws in our financial system that cryptocurrency attempts to address. I do not discuss why cryptocurrency is the the best performing asset class in history. Instead, I try to explain Crypto so that spectators gain better understanding of what participants are doing, and so participants can better articulate what they are doing.
All of this is my opinion. If you do not agree that cryptocurrency has evolved from Bitcoin to Ethereum to HEX, you are welcome to your opinion. However, I hope you find this episode useful and interesting, whether or not you agree.
Please listen to my first four episodes on risk, downsides, and disclaimers, if you have not already. Those first episodes on Crypto-Negatives are meant to anchor my more Crypto-Positive content. I consider this episode Crypto-Postive.
This podcast IS for fans of cryptocurrency who want to learn more or better articulate what they know. This podcast IS NOT financial advice or trading advice!

Risks and Warnings Part 4 - More About HEX Risks

This is Part 4 in my series of "Risks, Warnings, and Disclaimers". Part 4 consists warnings about risks and downsides regarding 9 specific aspects of the HEX cryptocurrency system. I believe HEX is currently the highest achievement in cryptocurrency software. No matter how good any one thinks something is to use, there are always tradeoffs in the use of any thing. I offer this episode to educate people who are unfamiliar with the tradeoffs in cryptocurrency generally and HEX specifically, because one person's "downside risk" is another person's "beneficial feature". You may choose for yourself.
This series of episodes discusses many negatives and caveats regarding crypto that need to be said up front because most people have no idea what crypto is, and they are 99% correct to assume that crypto is bad, because 99% of the crypto world is bad. However, the good 1% of crypto makes crypto the best performing asset class in history, so it is worth discussing.
This podcast IS for fans of cryptocurrency who want to learn more or better articulate what they know. This podcast IS NOT financial advice or trading advice!

Risks and Warnings Part 3 - The HEX.COM Disclaimer Page

This is Part 3 in my series of "Risks, Warnings, and Disclaimers". Part 3 is me reading the website page HEX.COM/Disclaimer. I read this because it is an informative Disclaimer, and it is about my favorite software, HEX. Some people can't find this page, but you can type it in or go to HEX.COM and scroll down to the very bottom for the link. Some people don't like to read or want to save time, so I have put this in audio form for them.
The HEX Founder Richard Heart last amended this Disclaimer on December 2, 2019, around HEX launch. This Disclaimer is unique in the Crypto World because it explains in plain words the limitations, downsides, and basic functionality of HEX specifically and cryptocurrency generally. This also explains how HEX is not a security, because there is no common enterprise and no profit solely from the work of others. Each user can only benefit himself. Cryptocurrency is software. Software is computer code. Anyone can run this code, if one so chooses.
I have no involvement with the HEX Founder Richard Heart, or with the creation of HEX. I read these words aloud out of my own desire to educate others about the best cryptocurrency.
This series of episodes discusses many negatives and caveats regarding crypto that need to be said up front because most people have no idea what crypto is, and they are 99% correct to assume that crypto is bad, because 99% of the crypto world is bad. However, the good 1% of crypto makes crypto the best performing asset class in history, so it is worth discussing.
This podcast IS for fans of cryptocurrency who want to learn more or better articulate what they know. This podcast IS NOT financial advice or trading advice!