If everyone is making money in the ecosystem, then who is losing money? In fact, most projects out there are simply the game of the greater fool - it's alright to be a fool, you just need to bring along a greater fool to recoup your losses.
The community has been discussing various strategies around the privacy problem but it's non-trivial. The problem is not simply set membership - which ring signature could solve - but also maintaining Sybil-proof.
Self-Sovereign Identity (SSI) platforms are emerging from the decentralization movement citing how they will replace the traditional Public Key Infrastructure (PKI) model where Certificate Authorities (CAs) are in charge of controlling the identities, but that will not be the case unless our society becomes more egalitarian. Until then, a hybrid of centralized and decentralized identity systems that are localized shall prevail.
In this post, I share the list of tools, products, and services that I’ve been using for myself and the rationale behind using them. It covers everything from a savings account, credit card, brokerage, cryptocurrency exchange, mortgage, and even utility account.
When writing code, it is not only important that the code does what it is supposed to do, but also incapable of not doing anything that it’s not supposed to do. For smart contracts which live on forever on the blockchain, this cannot be more true. Those who fail to understand this get rekted.
You’ve probably read many articles about ditching the $5 coffee, getting the right brokerage, bank, utility account, etc, and buying the right stocks. This article will tell you if you want to reach financial independence, ignore those articles.