The OODA loop (Observe, Orient, Decide, Act) is a strategic framework for decision making. It was a concept developed by USAF Colonel John Boyd, and was first presented in his briefing “Destruction and Creation”. We use it in our consultancy practice to assess whether an organisation has in place the appropriate frameworks (how they think about things) and methods (how they do things) to guide their decision making. It is used as a decision making troubleshooting tool.
Loan collateralization occurs when crypto borrowers use their crypto tokens to secure a loan. This happens when a crypto investor deposits tokens from their wallet into a loan smart contract. In return the loan smart contract creates or “mints” a stablecoin typically. This stablecoin is the loan. The token that was deposited is the collateral.
Value averaging (VA) aims to invest more when the crypto price falls and less when the crypto price rises. Under the VA strategy, an investor determines the target growth rate of his bag. For example if an investor wants to grow their bag to 12 ETH by the end of the year, they would need … Read more
Dollar-cost averaging (DCA) is a strategy where an investor invests a total sum of money in small increments over time instead of all at once. For example, if your yearly goal is to invest $1,500 into Bitcoin, you would contribute around $125 a month throughout the year. The goal is to take advantage of market … Read more
In the double-entry accounting system, at least two accounting entries are required to record each financial transaction. The limitations of these principles have led to the rise in fraud and the increasing dependency on auditors to establish the accuracy of the entries.
Then in 1986 triple entry accounting was conceived by the late Yuji Ijiri, a professor at Carnegie Mellon University. It was an enhancement to the traditional double entry system in which all accounting entries involving outside parties are cryptographic sealed by a third entry. The applications of this triple accounting technique has now gone on to power the blockchain and the crypto industry.
If you are sick of
paying high transaction fees to banks and centralized exchanges
having to deal with stupid KYC processes
and governments being able to snoop in on your financial activities
Then check out Cryptolocally. It uses a non-custodial escrow deployed as a smart contract on the blockchain to facilitate trades between individual users who want to buy and sell fiat currencies and crypto currencies in a safe and secure peer to peer manner.