Hi, everyone, recently, I got to download this e book from CoinGecko that is the ultimate guide to Defi which stands for Decentralized finance. It is a topic that I have some footing on but still there are areas of understanding that needs to be done.

It's currently, a beautiful Saturday morning and I am still in bed.

Looking out at the beautiful skies.

It's 7.22am and on the bright side,starting Monday, the government of Malaysia has started to relax some of its lockdown rules allowing for exercises and businesses to run. It's been tough for businesses at this moment and many have shut down operations due to the inability to earn anything during this tough economic situation.

Debt

In another 10 years, we could definitely see the increased adoption of Cryptocurrency in the world as there is a need for a trustable currency that is used for trade due to its value and global reach. It could be Ethereum.

For example, if Malaysia wanted to sell its palm oil (Malaysia and Indonesia are huge exporters of Palm oil), the country that buys Palm oil from Malaysia would be paying in US dollars. One day, that could be Ethers or Bitcoin or another coin. Ether 2.0 is going to go live in July and what Vitalik, founder of Ethereum has stated in the latest upgrade is to reduce issuance of Ethereum to cap it at 2 million a year from the current 4.7 million. I have not yet fully understood how Defi truly works yet except that I know that it's going to one day replace how banks work.

Debt is increasing and increasing fast. When deflation comes, how can one assure that they get to buy goods with a trustable currency that doesn't drop in value? It has to be tradable, trustable and easy to store. It is going to be digital.

I guess, as a way to head towards the future, we have to constantly read about the new updates and find out what the future could probably hold and where things are heading.

note: these are my own opinions

Have a great weekend. @luueetang