What Is Magma by Amboss?

Magma by Amboss explained

The Lightning Network is a second-layer protocol created to scale bitcoin payments by creating a web of payment channels that settle balances with one another instead of on the bitcoin blockchain. Every payment channel you create is based on a bitcoin UTXO locked up with a hashed time lock contract, and as users create different […]

How To Delete Your CoinFlex Account

delete coinflex account

As bitcoin continues to monetise, we’ve seen a boom in the number of fintech companies looking to leverage the increased value flowing into the space. One of those platforms launched in 2019 was CoinFLEX a derivatives exchange and yield platform, which offered bitcoiners the chance to earn a yield on their bitcoin. Handing over your […]

How To Delete Your Voyager Account

Delete voyager account

2017 marked the year many of the big-name centralised lending platforms launched, and the bridge between traditional finance and bitcoin got a little shorter. These interest-yielding bitcoin accounts and bitcoin loan products aren’t going anywhere anytime soon. Still, they do pose a considerable risk, and as we see in a bear market, that risk can […]

The Dangers Of DEFI Loans

Dangers of DEFI loans

We’re currently watching a massive deleveraging in the bitcoin and the larger cryptocurrency market due to the rehypothecation of funds which has seen many funds and CEFI services limit redemptions because they cannot meet their obligations. In contrast, overs have declared bankruptcy and left their customers high and dry. The risk of leaving your bitcoin […]

How To Delete Your Hodlnaut Account

Delete hodlnaut account

2017 marked the year many of the big-name centralised lending platforms launched, and the bridge between traditional finance and bitcoin got a little shorter. Services like Celsius, BlockFi, Nexo and many more have grown to considerable sizes over the last five years and have attracted many customers looking to earn a yield on their bitcoin. […]

How To Delete Your YouHodler Account

Delete YouHolder Account

2017 marked the year many of the big-name centralised lending platforms launched, and the bridge between traditional finance and bitcoin got a little shorter. Services like Celsius, BlockFi, Nexo and many more have grown to considerable sizes over the last five years and have attracted many customers looking to earn a yield on their bitcoin. […]

How To Delete Your Nexo Account

2017 marked the year many of the big-name centralised lending platforms launched, and the bridge between traditional finance and bitcoin got a little shorter. Services like Celsius, BlockFi, Nexo and many more have grown to considerable sizes over the last five years and have attracted many customers looking to earn a yield on their bitcoin. […]

DEFI Are Underpants Stealing Gnomes Who Learned To Code

DEFI underpants gnomes

When I look at DEFI, every single pitch is entirely out of touch with reality, yet no one seems to question it. All of DEFI can be taken down with a simple question. Where does the profit come from? Ask any DEFI proponent, and they’ll come up with a long, convoluted answer that is a […]

DEFI is VC-FI

DEFI is a venture capital fund

I’ve already spoken about DINO’s and why I think they’re structures built on quicksand, but as with crypto and fiat thinking, they would take a dumb idea and double down on it. The latest craze being NFT’s and DEFI, which to me is complexity theatre build on a foundation of quicksand. However, proponents of these […]