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Showing posts from January, 2024

Wallet report. January 27, 2024.

  We have two active wallets. No new wallets have been added, there are no archived wallets yet. First on Ethereum blockchains, Polygon Matic : 0x7bbd8533A9096d490B378f4c8fB226Fc0e05FdEb  . Link:  https://polygonscan.com/address/0x7bbd8533a9096d490b378f4c8fb226fc0e05fdeb ________________________________________________ Second wallet on TRON Blockchain:  TGMmttDeEUZTNrQBT8ruaUPhvhJN4WcADU  . Link:   Tronscan.org/#/address/TGMmttDeEUZTNrQBT8ruaUPhvhJN4WcADU These public wallets are the only way to financially interact with coinBusiness. We do not have any other wallets or payment methods. All coinBusiness public wallets have been kept in the public domain, on our pages, since the very beginning of the company’s founding.

DeFi, decentralization or transfer of money into the hands of the rich ?

  This refers to crypto-currency projects that provide lending and borrowing services. These include both well-known exchanges and projects intended solely for lending: Binance, Aave, Compound, Nexo, Unchained Capital and others. While recognizing the talents and enthusiasm of Web 3 and fintech developers, we will briefly consider the financial model used by many of them, its efficiency for the economy, and impact on society. Since we all believe here that DeFi is our bright future. Working on infrastructure, leveraging great intellectual resources, creating code, respected developers did not really think about the operating model of their platforms. Unfortunately, yes. They simply copied this model from banks, and banks took it from the Middle Ages. This model is known as usury, which contradicts decentralization by transferring all money and power into the hands of the rich, impoverishing and making everyone else poor. The essence of it is simple: The creditor lends his money to ...