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Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Feb 10, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

    Lifestyle engineering is all about adding BTC to your own Treasury. It is the first step, you as your own CEO, need to execute as a lifestyle solution to regain your health because it allows you to change the environment 100% to get you well. What is Web3? Web3 is a decentralized shift in internet culture to limit censorship and protect our 4th and 6th amendment while using blockchains to make us wealthy to regain our health via decentralized medicine. https://twitter.com/masonnystrom/status/1359139788553654272/photo/1
  2. Jack Kruse

    Jack Kruse Administrator

    This is potentially the greatest summary of why our politicians have created the need for your Treasury to own ONLY Bitcoin right now. The last ten minutes cover the 30,000 foot view. Listen to it all.


    Earlier this month, Britain’s Financial Conduct Authority warned crypto traders that they “should be prepared to lose all their money” because there are so many risks involved in Bitcoin. I chuckled when I read this.

    Furthermore, Janet Yellen, President Biden’s pick to head the Treasury, laid down the hammer when she voiced worries last week that decentralized, anonymous cryptocurrencies could be used by criminals — provoking fears of a regulatory clampdown under the Biden administration.

    “I think many are used, at least in a transactions sense, mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use and make sure that money laundering does not occur through these channels,” Yellen said Tuesday.

    This sounds like very scary stuff for Bitcoin.

    Except it’s not.

    What just happened in the centralized fiat markets with GME and AMC is a far bigger risk to investors. The actions are directly linked to M1 and M2 money printing too. Someone should tell Yellen this. Maybe she is deaf because she got 810,000 dollars to speak from the Citadel Hedge Fund. the same fund that just defrauded Robinhood users? She got a lot more money from Wall Street by reports out today in the media.

    Ironic........that as soon as Yellen tried to scare Bitcoiner's the shit storm just hit her own windshield. How does Wall Street cheat? It is not with crypto.........they cheat with fiat money instruments.

    Sean Waters and caroline like this.
  3. Jack Kruse

    Jack Kruse Administrator

    Why does Jack like Polkadot over ETH 2.0?

    One of ETH founders pick up and left when his vision was not supported by ETHERs ecosystem.
    Before creating the multichain interoperability protocol Polkadot, Gavin Wood was one of the co-founders of Ethereum, serving as its chief technology officer. The University of York graduate invented the Solidity programming language and published the yellow paper for the Ethereum Virtual Machine.

    Since leaving the Ethereum project in 2016, Wood has gone on to develop blockchain software company Parity Technologies. He also founded the Web3 Foundation, which is an organization dedicated to popularizing the decentralized internet infrastructure, and Parity, a blockchain infrastructure platform with interoperability enabled by the Polkadot ecosystem.

    In 2021, Wood’s developmental activities will most likely revolve around Substrate 3.0 to bring full Ethereum compatibility to the Polkadot network. Cross-chain interoperability protocols will also be a major part of Wood’s schedule for the coming year.

    Additional advancements in the Acala and Moonbeam toolkits could also make DeFi become a reality on Polkadot in 2021. Indeed, given the scale of protocol developments slated for 2021, Polkadot could establish itself as the second major DeFi ecosystem after Ethereum. Thus, it is possible for DOT to continue its positive price-action run as activity builds on the Polkadot chain.
    Sean Waters likes this.
  4. Jack Kruse

    Jack Kruse Administrator

    Why is YFI my favorite DeFi play now?
    Yearn.finance = YFI.

    It was begun by a lawyer who got interested in DeFi from a college roommate's coursework.
    His talent was apparent, and in just a few short years, he was a lecturer educating other students in the field.

    Over the next decade, he took on a variety of tech roles, bringing his skill set to telecom, neural networks and finally fintech. In 2016, during a chance lull in his work — one owing to his business partner’s absence for a honeymoon.

    In 2020 things were volatile.
    Though he was a known element well prior to Yearn, Cronje rose to widespread prominence on the back of the first yield vault project: Yearn.finance.

    What started as a personal project to automate decentralized finance yield generation became a near-mythic institution following Yearn’s July “fair launch” in which all YFI governance tokens were distributed to liquidity providers, with none reserved for the founding team. While Cronje has since labeled such a distribution method a “mistake,” it brought the founder cult-like levels of adoration and earned him comparisons to Bitcoin founder Satoshi Nakamoto.

    However, in late September — arguably at the peak of Cronje’s popularity — $15 million was taken from a bonding curve contract for Eminence, an unreleased nonfungible-token gaming project Cronje had been developing. Though the project was weeks away from production, on-chain sleuths discovered the associated contracts and piled in. The lost funds led to tension between a community that had once adored and perhaps blindly trusted Cronje and a development-focused founder who was implicitly being asked to make thousands of investors rich.

    The fallout led to an unusual multimonth lull from Cronje, as well as multiple (false) reports that he’d left both Yearn and DeFi development.

    However, in late November, Cronje and Yearn roared back, announcing a string of what were referred to as “acquisitions,” “mergers” or “collaborations,” depending on who you talked to, with a half dozen DeFi projects. The expansion spree bolstered Yearn’s developmental resources and cemented its ecosystem as the central star around which much of DeFi’s innovation swirls.

    In 2021 the expectations are for empire building in DeFi

    In a Twitter thread in late December 2020, Synthetix co-founder Kain Warwick predicted that in 2021, Cronje will “launch 58 new DeFi projects. And will eventually be revealed as a shapeshifting lizard person from Rylon 5, a race of super-intelligent Caiman like people seeking to bring enlightenment to lesser planets.”

    Warwick is taking one thing for granted: the Yearn founder’s innate desire to build a DeFi empire.

    He doesn't like press coverage; He is flighty — ready to abandon DeFi in favor of World of Warcraft on little more than a whim —

    “When it stops being fun, I stop doing it,” he says

    This makes his future in DeFi uncertain, given his vocal distaste for speculators and traders looking to make a quick buck. It’s a paradoxical, potentially untenable dynamic: If the clamoring of the apes doesn’t drive him away, Cronje will continue to drive untold billions of value for DeFi, thereby enriching the apes.

    It’s important to remember, however, that Cronje is not obliged to keep building and he doesn’t owe anyone anything. But we owe it to ourselves to try and keep him around — the world will be a better, more interesting place for it. He is the Pyramid builder of the DeFi movement.

    Last edited: Feb 10, 2021
    Sean Waters likes this.
  5. Jack Kruse

    Jack Kruse Administrator

    • SushiSwap is a massively popular fork of the DeFi project Uniswap that was still less than three weeks old when Sushi's owner tried to crash this project by selling 14 million in ETHER. The reason the story matters is that Sushi was given to the first true DeFi trader king named
      Sam Bankman-Fried is a trained physicist from MIT who became a trader and then Founded Alameda Research and FTX. He is the CEO. His stated goal is to build a faster version of ETHER to capture 1 billion traders for the DeFI platform. He is my choice to replace Bezos in Web 3.0.

      Bankman-Fried founded the cryptocurrency and derivatives exchange FTX in 2019, which has grown quickly to become the sixth-largest exchange by volume, boasting a $3.5 billion valuation. He is also a well-known philanthropist and may have aspirations to political influence. He is only 28 yrs old in 2021.
    • He took a rather dim view of Ethereum in favor of his preferred platform, Solana. He built his decentralized exchange, Serum, on Solana and launched its namesake token in August of 2020.
    • FTX launched “fractional stock offerings” — tokenized products representing shares of firms, including Tesla, Apple and Amazon. It is clear he wants to destroy Web 2.0 Titans and he is the Founder of a subgroup in DeFi called "TradFi"
    • Bankman-Fried, who is also known as SBF, forced everyone in decentralized finance to sharpen up to compete. “Equities and other tradfi markets are hyper-efficient and if you’ve been successful there, you are used to thinking in fractions of a percent. He reminds me of Stephen O. Cohen of HF fame.
    • In 2021 he has already released FTX’s Coinbase initial public offering futures. Coinbase's IPO isn't happening until March/April.
    • Why pay attn to him? He will be a trend driver for decades in this space. He will continue to work toward his stated aim of attracting more than 1 billion people to decentralized finance and cryptocurrency, with FTX’s recent purchase of Blockfolio expected to bolster his own platform's numbers. He’ll also continue to push for the adoption of Solana and oversee the growth of the Serum ecosystem.
    Sean Waters likes this.
  6. Jack Kruse

    Jack Kruse Administrator

    Why should you pay attention to Coinbase IPO? It will value the things built on top of the monopoly board I mentioned in the BTC series. All eyes are on the Coinbase IPO, which will result in the repricing of many companies in the space, and accelerate. I think SBF and the price acceleration post coinbase will be the domino that creates the axis of the Monopoly I mentioned.
    Sean Waters likes this.
  7. Jack Kruse

    Jack Kruse Administrator

    Who else's opinion do I value? Caitlin Long. I tweet at her and she retweets me. She is brilliant.

    She understands the death of money I wrote about it in BTC #6.

    When I began to ponder what money really was after I read the BTC Standard the answer I came up with was heavily influenced by Ancient Rome, Germany after WW1, and Caitlin Long. What money is, is an inflection point of perception eroded by trust. The ‘tipping point’ for a currency seems to be when society realizes en masse why prices are really going up — namely, that the denominator of a price (the currency) is going down in value. This is precisely where we are now in Feb 2021. All prices are just ratios, expressed as the value of a good (numerator) in terms of the currency (denominator). Values are melting right now and most of the world ignores it.

    Long made several headlines last year for her voice in the crypto regulatory arena. In February, she announced the establishment of the first crypto-native bank in the U.S., Avanti Financial Group. In October, the firm received a charter to operate from the Wyoming State Banking Board, just behind San Francisco-based crypto exchange Kraken.

    Wyoming Governor Mark Gordon appointed Long to be a member of the Wyoming blockchain committee, and she used her influence to appeal to crypto users and others to support pro-crypto legislation in the state. June saw Long advocate for banking giant JPMorgan Chase to move to Wyoming to protect itself from a potential skyrocketing Bitcoin price.

    Though the COVID-19 pandemic prevented many crypto events and conferences from taking place in 2020, Long was still an active speaker. She participated in both the Wyoming Blockchain Stampede and April’s Virtual Blockchain Week, urging firms to provide greater transparency in the crypto space and “not to recreate the same thing that happened in the traditional financial industry.”

    She is very tight with our new Wyoming BTC Senator Lummis. I view her as the person who will lead to Nation State adoption of BTC.

    Going into 2021, pro-crypto Republican Senator Cynthia Lummis will take her seat representing Wyoming. The pairing of a crypto-friendly regulatory environment and a pro-Bitcoin lawmaker may help further crypto adoption in the new year. Long has stated that Lummis wants to defend Bitcoin “against federal encroachment” and “believes in the philosophy” behind the digital asset.

    Long may have several speaking engagements in 2021 as her state becomes a likely litmus test for the federal regulation of crypto in the United States. This year’s WyoHackathon will most likely be held in September. I am looking to go to this event.
    Sean Waters and caroline like this.
  8. Jack Kruse

    Jack Kruse Administrator

    Hayden Adams built the first real Bluechip in the DeFi world, Uni Swap. He came onto the crypto scene when he decided to learn how to code using the Solidity language that powers the Ethereum network. This was after he was laid off by tech giant Siemens, which was, according to him, “The best thing that ever happened to me.” Here chaos pays off yet again.

    Thereafter, Hayden perfected his knowledge of automated market makers and decentralized exchanges, which led him to launch Uniswap in late 2018. The second version of the DEX came in May 2020, and soon, the total value locked on the decentralized application was going through the roof, inspired in part by the SushiSwap liquidity mining rush. But even with SushiSwap now running its own gig, Uniswap is still going from strength to strength.

    Uniswap became one of the hottest crypto projects of 2020, spearheading the DeFi rush, and it’s still the biggest DEX by volume, despite several setbacks and a decision by the community to close down the Ether-based pools for its UNI token. No doubt in part due to the efforts by Hayden, in November, the exchange reached over $3 billion in total value locked, even surpassing Coinbase Pro by daily exchange volume at one point. Uniswap was also responsible for a quite sizable airdrop, giving out some 150 million UNI tokens to users and liquidity providers.

    The biggest disappointment, however, came when a code copycat exchange by the name of SushiSwap took liquidity off Uniswap, with SushiSwap now posing to be the main competitor of the pink and white unicorn. SBF is a serious great White shark.

    With the third version of the DEX in sight, the platform seeks to work on the three main areas: governance, scaling and improving its automated money-making. I am not worried about Sushi Swap encroachment because I think the size of this market will be massive in 5 years. I think Uni could be the Central Bank of ETH 2.0.

    I believe Uniswap is going to be around for a long time, and pooling will certainly evolve, but it’s never going to end in DeFi because it defines decentralized capitalism.
    Sean Waters likes this.
  9. Jack Kruse

    Jack Kruse Administrator

    Filecoin is the Uber of hard drive space in the DeFi world.

    Juan Benet is an American computer scientist who founded Protocol Labs in 2014. The following year, he created the InterPlanetary File System, a peer-to-peer network protocol for storing and sharing data in a distributed file system.

    In August 2017, Benet launched the Filecoin project, raising over $200 million in just 30 minutes during an initial coin offering. Filecoin builds on IFPS and allows users to rent out their unused hard-drive space, logging all transactions on a blockchain.

    The FIL coin is used on this network.
    Sean Waters likes this.
  10. Jack Kruse

    Jack Kruse Administrator

    Formerly the head of Coinbase’s legal team, Brian Brooks is one of 2020’s breakout stars in crypto law. Educated at Harvard and the University of Chicago, he had a lengthy career in financial services law before joining OneWest Bank’s team. At OneWest, Brooks worked alongside Steven Mnuchin and Joseph Otting, who would later become treasury secretary and comptroller of the currency, respectively.
    Brooks joined the Office of the Comptroller of the Currency in March and became acting comptroller in May when Otting resigned. His background in fintech and crypto, alongside the broader public interest in improving payments, led to a major uptick in the OCC’s activity in the field.

    In the summer, the OCC announced a landmark determination that federally chartered banks can, in fact, custody crypto. This means eventually all banks in the USA will be able to custody your crypto empires.

    It put the onus on banks to provide such solutions, as they could no longer blame regulators for lack of custody services. Months later, the OCC went a step further in verifying that these national banks can hold stablecoin reserves. These coins are the grease that will bridge crypto and fiat worlds. Brooks’ focus on crypto indeed faced some blowback from legislators as well as state regulators. His work and the work done in Wyoming will be critical.

    It is inevitable that the future of finance will go on the internet as information did 25 years ago. The OCC will need to prepare banks for that world, and we need to prepare banking charters for that world. Now that he has left gov't he will resurface in the private sector and hopefully be more infectious than COVID leading to institutional change.
  11. Jack Kruse

    Jack Kruse Administrator

    Over the course of 2020, the number of decentralized finance apps developed atop the Ethereum ecosystem increased by a whopping more than 250%.

    Furthermore, the total transaction volume across various Ethereum-based DeFi platforms increased from 11 billion in 2019 to an insane 256 billion in 2020, thus clearly showcasing a growing need for decentralization-based finance solutions globally. This is what the Monopoly board looks like in 2/21.
  12. Jack Kruse

    Jack Kruse Administrator

    Sergey Nazarov joined the crypto space in 2011, later becoming the co-founder and CEO of SmartContract in addition to founding the tokenized oracle network Chainlink. Nazarov, only in his early thirties, is the son of Russian immigrants who moved to New York in the early 1990s. He is currently based in San Francisco.

    Nazarov first launched the SmartContract platform in 2014 as a way for users to build trustless, programmable agreements, and in 2016, he first revealed his oracle solution. At the time, Nazarov said that “Easily connecting smart contracts to the data sources, internal services, and bank payment methods desired by users is the next step in making them truly useful for real-world use cases.” In an attempt to solve the so-called “oracle problem” faced by centralized oracle networks, SmartContract announced the decentralized Chainlink network in 2017, which went live on the Ethereum mainnet in mid-2019.
  13. caroline

    caroline New Member

    Okay ....this is seriously hurting my head now .....I don't know how I can possibly keep up with all this......

    I understand that you are giving us a lot of background .......and theorising on all probable possibilities.

    I guess I will just keep reading and hope the lights come on......

    I will sit at the beach and stare at the ocean and ponder.....

    I really appreciate all that you are laying out for us to digest. We are living in remarkable times.
    Last edited: Feb 10, 2021
    Alex97232 and Pablo like this.
  14. Jack Kruse

    Jack Kruse Administrator

    In May, Crypto.com expanded access to its flagship crypto-backed debit cards to include the European Union, later acquiring licenses to operate in Canada, Australia and Malta, as well. Cyypto.com has stated that he hopes to bring the debit card to the rest of the world.

    Crypto.com joined the world of decentralized finance in the fall by launching a decentralized exchange, DeFi Swap. Propelled by the success of its debit cards, a rise in digital payment use, and user interest in staking its native Crypto.com Coin, the platform reached 5 million users in October — up fivefold from its just 1 million users in September 2019.
    caroline likes this.
  15. Jack Kruse

    Jack Kruse Administrator

    Robert Leshner is arguably most known for founding decentralized finance lending platform Compound back in 2017. A graduate of the University of Pennsylvania in economics, he is also the former chair of the San Francisco Revenue Bond Oversight Committee.

    Leshner was a major actor in the DeFi megatrend that took the crypto space by storm in 2020. Though the concept of liquidity mining rewards was pioneered by Synthetix, Leshner gave it a new meaning with Compound’s COMP distribution scheme, which sought to distribute governance rights to the users of the protocol. The space quickly picked up on the idea, which kickstarted an unprecedented wave of DeFi adoption and popularity.

    Leshner’s Compound inspired the concept of DeFi lending protocols as seen today. Some such as Cream Finance, which launched in 2020, were direct forks of Compound’s codebase.

    Toward the end of the year, Leshner announced Compound Chain, a largely centralized blockchain for cross-chain value transfer. Though the plan was met with criticism, he emphasized that it was a significant step toward the emergence of a single global liquidity network. Jury remains out on this.

    The COMP token distribution has allowed Leshner to take a more hands-off approach to the Compound project. As the community is now encouraged to set the course for the protocol, Leshner is beginning to diversify his involvement in DeFi through his investments and parallel projects.

    The Compound Chain initiative is likely to take priority in the short-term, with more developments coming from that front in 2021. Beyond that, Leshner is actively expanding his investment portfolio, offering his guidance and support to other projects in the DeFi and crypto space.

    Leshner’s apparent pivot is a welcome sight for the ecosystem. As one of the luminaries of DeFi, his experience as a builder and his sober approach to risk management will be invaluable for the crypto space.
  16. Jack Kruse

    Jack Kruse Administrator

    Dubbed the “father of modern agriculture” — a sly reference to yield farming, for those who are rereading that moniker — Australian-native Kain Warwick launched Havven, a stablecoin project through an initial coin offering back in February 2018. Havven later rebranded itself to Synthetix, quickly rising to occupy a prominent position in the decentralized finance market.

    After being one of the few successful 2017-era initial coin offerings to survive the 2018–2019 altcoin bear market, Warwick stepped down as Synthetix’s “benevolent dictator” as the project transitioned to a decentralized autonomous organization governance structure on Oct. 29. Together with the founding team and other community members, Warwick was able to grow Synthetix to become one of DeFi’s “blue chip” projects. Synthetix was one of only five DeFi unicorns, with over $1.2 billion in the total value of Ether locked in the project.

    Warwick has identified the first three months of 2021 as being an important period for the project. According to the Synthetix founder, much-talked-about features like “synthetic shares” for U.S. stocks such as Apple and Tesla should happen before the end of the first quarter of 2021. Warwick has also led efforts to deploy and test a layer-two version of the Synthetix platform, as well as a complete overhaul of the protocol’s escrow contracts as part of the Synthetix v3 migration event.
  17. Jack Kruse

    Jack Kruse Administrator

    The birth of Aave
    In 2017, Kulechov launched ETHLend, an Ethereum-based peer-to-peer lending and borrowing platform, as one of the first decentralized finance platforms. The next year, the project rebranded to Aave and expanded its focus beyond just Ethereum and lending

    Kulechov officially launched the Aave protocol on the Ethereum mainnet in January, with one of its key features being flash loans that allow for borrowing without collateral. The platform saw huge growth throughout the year, becoming only the second DeFi protocol to reach $1 billion in total value locked. The protocol’s native token, LEND — later swapped for AAVE — also saw explosive growth in 2020, becoming one of the most talked-about DeFi tokens of the year.

    In August, Aave received an Electronic Money Institution license from the United Kingdom’s Financial Conduct Authority, which Kulechov said will allow the company to pilot services for U.K. citizens. The company also received investment throughout the year from firms such as Framework Ventures and Three Arrows Capital. In December, Kulechov announced that the second version of the Aave protocol was live, which allows users to still trade assets locked up as collateral.

    In 2021 Aave will:

    With DeFi not going anywhere and Aave continuing to roll out updates, Kulechov will remain busy throughout 2021. After receiving approval for official U.K. operations, Kulechov stated Aave intends to eventually expand throughout Europe and the rest of the globe. Given that Aave seems to be embracing regulation rather than shying away from it, this may provide Kulechov with a front-and-center leadership role within the mainstreamization of DeFi and its integration into the existing financial system.

    Aave, along with other DeFi platforms, will no doubt continue to see new users come to the protocol, and its total value locked might even break new records. If its version-two and other further upgrades prove to be successful in increasing adoption, it could see explosive growth beyond what even most imagine
  18. Jack Kruse

    Jack Kruse Administrator

    Polkadot is a blockchain network designed to facilitate fast transaction confirmations
    Polkadot is a blockchain that seeks to connect an ecosystem of blockchains, and toward this goal, it introduces a number of novel technical features. The Polkadot network is made up of two types of blockchains. A main chain called a relay chain, where all transactions are agreed upon permanently, and user-generated chains, which are called parachains.
  19. Jack Kruse

    Jack Kruse Administrator

    My counterintuitive take for the purpose of shitcoins: John Chambers of Cisco says if the net was a private company it would be worth about 200 billion dollars. ETH 2.0 has the chance to 20X this worth if it executes on all its promises. The companies built on ETH 2.0 might be worth 200X-1000X. If you want to build generational wealth to recreate your health, we need to pay attention to the shitcoins who dominate on the Monopoly board. The one issue is 95% of the investments made now will fail. One will not. That one home run will change your family's life. That is the purpose of this thread.
  20. Martina

    Martina Gold


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