Assignment 1
for those Who Wish to Explore
(Optional)
[ DeCentralized Finance (DeFi) explained in laymen terms ]
TEDxHartford | Nithin Eapen | Demystifying DeFi: Why you need new paradigms for financial services?
(The quote below - Mr. Nithin Eapen at 15:46)
"My intention is not here to provide any kind of financial advice or solicit your investment into any product.
I am just here to evangelize about a brilliant technology that exists out there
that has made impossible things possible in the digital realm which is sending value over the wire or
doing Financial Services over the wire without a middleman in between.
My hope and my prayer is that if you listened to here
when this is done and when you go out you do your research
and learn more about Bitcoin, DeFi and see how you can be a part of this revolution.
It is a peaceful revolution where you take control over the greatest asset
- the Human Mind."
(The quote below - Mr. Nithin Eapen at 13:13)
"This is new technology and every new technology has this problem called
bridging the gap between early adopters and the broader population because
that's how technology works and that's how humans work.
We are very resistant to change our habits.
It took us decades before we started purchasing books and shoes online
without touching them or trying them on.
In the early 2000s, there used to be a six-week paid course that taught people
to open their Windows Operating System, Microsoft Word, and Excel.
And I tell my kids,
they really look at me as though the previous generation as if our brains were not highly evolved.
Paying to open windows on a laptop?
I tell them you know you guys are going to do similar things after 20, 30 years from today,
but they are like NO."
There are many articles and videos available to learn about DeCentralized Finance (DeFi).
Get familiar with the Digital World of Crypto (Web 3.0)