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undertheradar's definitions
finition
Decentralized Finance. Typically refers to apps connected to distributed ledger smart contracts such as with Ethereum and EOS, however, some refer to Bitcoin.
This DeFi trading app uses Metamask.
byundertheradar July 4, 2019
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finition
Acryptocurrency created by Block One which supports smart contacts much like Ethereum. EOS uses delegated proof of stake to confirm transactions, which leads to confirmed speeds of at least 1000 transactions per secund, as opposed to Ethereum's 15 transactions per secund. The developers of Block One claim EOS, as a cryptocurrency, is not an acronym.
- I bought EOS at its peak! Oh no!
- That's right. Buy high, sell low.
byundertheradar July 5, 2019
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finition
Digital money organized by a synced distributed ledger online. While centralized currencies are backed by the economies of countries, decentralized currencies typically don't have a government affiliation. These currencies are run by incentivized volunteers via appropriate consensus algorithms. Much like incentivized volunteers run Uber, called drivers, and Airbnb, called hosts, incentivized volunteers, traditionally called "miners," run these decentralized currency protocols. Examples of decentralized currencies include Bitcoin and Ethereum.
I haven't been trading much decentralized currency lately.
byundertheradar July 8, 2019
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A bookoffinancial transactions.
Businesses keep great records in their ledger so they can always tell where their money is coming from and going to.
byundertheradar August 1, 2019
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finition
Fully diluted valuation.
This is the price of an asset multiplied by the total supply. Insteadofthe market cap where the price is multiplied by the circulating supply.
FIL may have a market cap of $11 billion but has an FDV of $320 billion.
byundertheradar April 30, 2021
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finition
Also known as the futureoffinance. Which refers to DeFi. Which refers to Ethereum.
I'minvestinginthe futureoffrance.
byundertheradar May 4, 2021
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finition
Destined for public transportation. Another way to say, "you will be poor."
You're not buying Bitcoin? You're DFPT.
byundertheradar January 5, 2024
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