FIRESIDE DEFI | BLOG

DECEMBER 6, 2021 • Welcome To Fireside DeFi

Far too many people have had been negatively affected by the financial world. Many people would blame the education system, the banking system, or even the government for not properly preparing them for living as an adult in the 21st century. The truth is, learning about money is just as important as learning about anything else that is necessary for enjoying a long, healthy life. Fireside DeFi was the brainchild of two people who saw poor decisions being made, and even worse suggestions and financial advice being given on social platforms with hundreds of millions of people spending time every day, endlessly scrolling, like TikTok and Instagram. There are so many people who would benefit from a proper financial education, and that is what we aim to bring to you, the listening audience. We want to ensure that nobody is actually left behind in the knowledge department. Too many times, the biggest obstacle to individual learning is lack of good teachers, and poorly-written textbooks that refrain from teaching much that’s useful in life. With the advent of a functional layer-1 blockchain, Bitcoin has led to the creation of more than 11,600 different tokens and coins in the last 12 years. There is a lot to learn, and there’s a lot of scams to navigate safely around. In many ways, the mass adoption of blockchain technology is pushing the human race forward to a new era of trustless, border-less technology that cannot be controlled by any singular centralized seat of power. With the introduction of each new protocol or blockchain solution, comes a list of questions, most of which revolve around why you should put your wealth into a particular coin or token. It is always important to verify that the information you read in one place can be found in at least a few others, and never take anything at face value, always do your own research! With Fireside DeFi, both MB and I hope to bring a straightforward, rational perspective on all things finance and finance-related. Our purpose is not to give you all the answers, but we would like to get you to start asking the right questions to begin with. Life is what you make of it, and understanding how the legacy financial system impacts everything around us, is an important step in realizing your potential to rise above it all. Cryptocurrencies do something that the legacy system cannot, and that is, to provide an alternative. There are no alternatives allowed within a fiat currency-centered fractional-reserve banking system, the whole house of cards would collapse, and there would be panic and chaos. Removing any semblance of control by a third party is one way that cryptocurrencies have empowered individual to take control of their financial lives, and become independent, rather than dependent. The most important thing to remember, is that everyone is at a different point in their own personal journey through this life, and everyone deserves access to the same information. It’s no longer a system that is managed from behind closed doors in smoky back rooms in cigar lounges and country clubs on the East Coast. Blockchain technology enables a different level of transparency than possible within the fiat currency system. Why don’t you grab a chair and settle in for an objective look into the world of finance!

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