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# System prepended metadata

title: CryptoParty Redux 2.0

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# CryptoParty Redux 2.0

## Pre Game

### What can you do with programmable money anyways?
- !!! Not financial advice !!!
- Lending and borrowing
- Trustless and decentralized trading
- Liquidity providers
- Yield farming
- Staking

## Week 1

### Background of CryptoParty
We started as a group to discuss cryptography - mostly as a computational/mathmatical way to encrypt/decrpyt/confirm information for security purposes. During this moment in time though…

### Blockchains were becoming popular
- Scrooge’s booking as an example of banks that can alter ledgers
- With a blockchain the ledgers are immutable thanks to cryptographic principles that allow anyone to computationally prove the validity of the ledger

### And Satoshi said "Let there be Bitcoin"
- A network of individuals - anywhere in the world - running software which allows them to all watch and validate the ledger
- With the code being open source, any developer could also validate the intention of the code
- Psuedonimity/anonymity…
- Recently adopted as a fiat currency in Ecuador (fact check)
- First unstoppable organization (a DAO segue)

#### Terminology
- DAO

### Ethereum, The DAO, and The Fork
- Bitcoin was technically the first DAO on a blockchain
- A significant amount of money was lost to The DAO
- A contentious fork occurred of the Ethereum blockchain
- And yet Ethereum survived, for the foreseeable future at least
- Early DAO frameworks dared to dive back in the waters
    - Waves of competition and cooperation (compared to traditional competition)
- Evolution of DAO frameworks and struggles/successes
    - MakerDAO (decentralized USD)
    - Raid Guild (decentralized web agency)
    - Commons Stack (decentralized public good funding)

## Week 2

### Recap of Week 1
- Who is CryptoParty
- Quick overview of DAOs

#### Terminology
- DeFi
- Gas Costs/TX Fees

### DeFi changed the game
- Incredibly high short term returns
- Better than traditional long term returns
- Institutional interests moving in
  - At which point traders caused the network to be 10-100x more expensive to use
- DeFi ownership needed to be transitioned to DAOs
    - MakerDAO
    - Uniswap
    - Badger

#### Terminology
- PoW
- PoS
- PoA
- Rollup Chains
- Plasma?

### Side chains and Layer 2 to the Rescue
- xDai
- Binance
- Polygon
- Rollups

### ETH2
- Stages of release

### Other Chains
- Polkadot
- Cosmos
- Cardano
- Shitchains
- Sacrificing at least one of the principles of the pyramid

