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Gambling is one of the oldest pastimes that has evolved along with mankind. As humans continue to crave for the risk-reward rush, the simple guessing game that gambling was, is now technology-heavy. Offline gambling is now mostly confined to casinos at popular tourist destinations as more people flock to online casinos and gambling platforms that are dime-a-dozen.

The evergreen demand for gambling opportunities means companies offering products and services in this multi-billion-dollar industry continue to innovate by adopting the latest technologies.  The introduction of Bitcoin over a decade ago and the adoption of cryptocurrency’s underlying blockchain technology in the gambling industry are milestone achievements that brought about a drastic change in how majority of enthusiasts gamble online.  However, like all industries, there are bad apples in the online gambling sector too, making it particularly important to find the right platform where one can place bets and maybe even win a fortune.

BTCGOSU is a comprehensive Bitcoin Casino Guide that offers users independent assessment and reviews of crypto casino platforms, gambling games, ongoing promotional campaigns, along with the latest news updates and provably fair verifier tools. Created by a well-known BitcoinTalk.org user, BTCGOSU takes pride in being an unbiased and objective platform that puts the interests of the cryptocurrency gambling community on top of everything else.

The people behind BTCGOSU bring in over a decade of experience in the sector to act as the ideal watchdogs against fraudulent crypto gambling practices in the industry. In their words, “Rest assured we will never promote shady gambling website, and should any casino listed on BTCGOSU take the wrong route, we will be the first ones to fight for your right while of course stop promoting them.”

BTCGOSU derives its name from the Korean word “GOSU” commonly used in the context of e-gaming, which refers to veteran gamers. In essence, the people behind it as well as a significant portion of their userbase. For new gamers, it is a treasure trove with in-depth details of platforms and games that known to be fair and trustworthy.

Casino Reviews

The BTCGOSU team reviews hundreds of crypto casino platforms in various categories. The platforms are listed based on the features and ideal target audience. They are classified as

  • Anonymous Bitcoin Casinos
  • High Roller Bitcoin Casinos
  • Mobile Bitcoin Casinos
  • Provably Fair Casinos

Additionally, BTCGOSU also maintains a list of blacklisted casino platforms that are found to have indulged in fraudulent and unfair practices.

Bonuses

The online cryptocurrency casino market is crowded, and each platform wants to capture a bigger share than its neighbor. In order to do that, each casino runs its own promotional campaigns, predominantly comprised of various bonuses, followed by affiliate marketing and more.

BTCGOSU has turned itself into a one-stop spot for users to identify trusted platforms and all the different bonuses and other benefits offered by them. The various bonuses listed on the website include:

  • Cashback Bonus
  • Deposit Bonus
  • Exclusive Bonus
  • Free Spins
  • No Deposit Bonus
  • Referral Bonus
  • VIP Bonus
  • Welcome Bonus

A Long List of Games

BTCGOSU features an exhaustive list of popular online gambling games, offered on each of the platforms reviewed and published on the platform. Among this list includes numerous game titles across over 20 different game types like Baccarat, Bingo, Blackjack, Craps, Crash Games, Dice, HiLo Game, Keno, Live Dealer Games, Lottery, Minesweeper, Plinko, Poker, Roulette, Rummy, Scratch Cards, Sic Bo, Slots, Sports Betting, Table Games and Video Poker.

Apart from the game listing, BTCGOSU also provides a detailed review of gambling titles created by some of the leading developers, which are widely available on online casino and gambling platforms across the world.

Provably Fair Verifier

A very important tool in BTCGOSU’s arsenal, the Provably Fair Script Verifier is the biggest third-party utility in the market. Using it, players can verify the legitimacy of the bets placed on any of the supported platforms. Currently, BTCGOSU’s Provably Fair Script Verifier supports 27 casinos with 51 games and to verify the outcome of any bet, users will have to just enter the server seed, client seed and nonce into the tool.

Even though BTCGOSU doubles up as an affiliate website, it is transparent about the arrangement and also its commitment to safeguarding the community’s interests. The platform works only with reputable casinos and is prepared to take appropriate actions in case of any questionable activities by any of these casinos. Taking it a step further, it also offers has a Dispute Resolution and Mediation service that gives a voice to affected players who have failed to receive a satisfactory response from the casino operator. Furthermore, BTCGOSU also has a Deposit Guarantee option for those signing up on any online casino using affiliate links featured on the platform, offering them coverage of $500 in case of any disputes.

Overall, BTCGOSU strikes a fine balance between monetization and fair reviews as it serves as an industry watchdog that keeps most of the crypto casinos in line while keeping its community engaged with lots of giveaways, events, challenges and competitions. Meanwhile, people can stay up to date by checking the blog and joining the Telegram group.

Tonite is a special drop, as it is the launch of The Bitcoin Elite NFT series, which starts with a new creation via a VESA piece titled The Foundation.

You can still join the session via https://www.thebitcoinelite.com/

Alternatively, follow the live feed of purchase and the auction of the 1/1 special at Nifty.show/YouTube


The piece is called “The Foundation”.

It’s a 20-second mixed media artwork, made to honor Satoshi Nakamoto and the invention of Bitcoin. You can see the 21 version from the link below.

http://https://twitter.com/BitcoinNFTs/status/1362911199017402372

This is a promo video about the whole Bitcoin Elite concept

NFT idea:

The universe is born out of the “genesis egg” concept in the Finnish mythology of Kalevala. This work, called The Foundation, dropping as the first piece with the Bitcoin Elite launch tomorrow, explores the forever tension of creation, value, the inevitable ensuing corruption, and return to value. In our recently passed time of postmodernism, we tried to distort everything to be about language, in an attempt to manipulate universal law to suit our perception of it. Due to the invention of Bitcoin, we returned to the construction phase after deconstruction atomized us in the recent decades. A new era began for art then, too, which we might call Integralism.

The work stands with the origin innovation discovery of mathematics, that math always existed, and we just learned its language. In other words, math is not fiction, it’s a tool of discovery. In the same vein, Bitcoin repels corruption by being protected by a decentralized mathematic protocol, more powerful than a single point of idealistic failure.

As Bitcoin is likely to go down in history as one of the greatest inventions of humanity, the piece attempts to not only pay homage to Satoshi Nakamoto but the path now possible because of this genesis.

The work will drop as an edition of 21 and a special 1/1 version.

See you there,

V E S A
Crypto Artist
All links to physical, NFTs, and more below
http://linktr.ee/ArtByVesa

According to Glassnode’s Bitcoin MVRV Z-Score indicator, Bitcoin is about to cross the red zone. The last time BTC saw this trend, it rallied two times more from its current price.

What is the Bitcoin MVRV Z-Score and why is this important?

The Bitcoin MVRV Z-Score indicator is typically used to measure whether an asset is undervalued or overvalued.

When this indicator reaches the top of the red zone shown below, it indicates that the market is likely overvalued.

Currently, the BitcoiN MVRV Z-Score indicator is about to enter the red zone. When it did in previous cycle, BTC rallied more than two-fold thereafter.

bitcoin price
The Bitcoin MVRV Z-Score. Source: Glassnode

Researchers at Glassnode explains:

“The MVRV-Z Score is used to assess when an asset is overvalued or undervalued relative to its “fair value”, as underlined by the deviation between its market cap and realized cap. When market value is significantly higher than realized value, it has historically indicated a market top (red zone), while the opposite has indicated market bottoms (green zone).”

This trend occurs because during a bull cycle, Bitcoin becomes overbought. But, it often extends after reaching the overbought territory because fear of missing out (FOMO) resumes.

If BTC follows previous cycles, then the price of the dominant cryptocurrency could reach $100,000 by the year’s end, which is the price prediction of most prominent investors.

A pseudonymous trader known as “LilMoonLambo” wrote:

“$BTC crosses into red territory for the first time since December 2017 The first time we tested the red territory in 2017 we pumped another 2x. Could we see something similar again?”

What happens next?

In the short term, it is key for Bitcoin to remain above the $54,000 level which has turned into a support area.

The price of BTC dropped to $54,000 overnight, tapping a liquidity area. Its strong recovery from that region indicates that there is strong buyer demand in the market.

Stablecoin inflows are rising and the Coinbase premium has returned. The combination of these two factors signal that the Bitcoin bull trend is intact.

bitcoin price
The price of Bitcoin. Source: BTCUSD on TradingView.com

When the premium disappeared, BTC saw pullbacks in the past month. As long as the premium remains high, which indicates U.S. buyers are accumulating, the bull trend would likely resume.

BTC is currently in price discovery, which means it is continuing to make new all-time highs. When it forms a top, then it is important that BTC defends the $54,000 level and $50,000 as key macro support areas.

Ethereum traded to a new all-time high near $2,040 before correcting lower against the US Dollar. ETH price is trading nicely above $1,850 and it is likely to continue towards $2,000.

  • ETH price climbed higher steadily and it surpassed the main $2,000 resistance against the US Dollar.
  • The price is trading nicely above the $1,850 level and the 100 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $1,860 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher above the $1,980 and $2,000 levels in the near term.

Ethereum is Gaining Momentum

This past week, bitcoin and ethereum saw a steady increase above $1,900 and $50,000 respectively against the US Dollar. ETH even cleared the key $2,000 resistance level to move further into a positive zone.

It traded to a new all-time high near $2,040 and settled well above the 100 simple moving average (4-hours). Recently, there was a short-term downside correction below the $2,000 and $1,950 support levels. Ether price even spiked below the $1,850 support level.

Ethereum Price

Source: ETHUSD on TradingView.com

However, the bulls were active near the $1,820 level. A low is formed near $1,813 and the price is currently rising. There was a break above the 50% Fib retracement level of the recent correction from the $2,040 high to $1,813 low.

There is also a key bullish trend line forming with support near $1,860 on the 4-hours chart of ETH/USD. An immediate resistance on the upside is near the $1,950 level. It coincides with the 61.8% Fib retracement level of the recent correction from the $2,040 high to $1,813 low.

A clear break above the $1,950 and $1,980 levels will most likely open the doors for more gains. Besides, a daily close above $2,000 will most likely pump the price towards $2,150 and $2,200.

Dips Supported in Ether (ETH)?

If Ethereum struggles to gain pace above the $1,950 level, it could correct lower. The first major support on the downside is near the trend line support and $1,850.

A downside break below the trend line support may possibly call for an extended decline below the $1,813 low. The next major support is near the $1,760 level or the 100 simple moving average (4-hours).

Technical Indicators

4 hours MACD – The MACD for ETH/USD is slowly gaining momentum in the bullish zone.

4 hours RSI – The RSI for ETH/USD is still above the 50 level.

Major Support Level – $1,850

Major Resistance Level – $2,000

Bitcoin price gained bullish momentum above $50K and traded to a new all-time high at $57,500 against the US Dollar. BTC remains supported and it is likely eyeing a test of $60,000.

  • Bitcoin climbed above the $50,000 resistance and traded to a new all-time high near USD 57,500.
  • The price is trading nicely above the $55,000 level and the 100 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $54,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair is showing a lot of positive signs and the bulls seems to eyeing a test of $60,000.

Bitcoin Price is Gaining Traction

This past week, bitcoin price extended its rise above the key $50,000 resistance zone against the US Dollar. The BTC/USD pair even broke the $55,000 level and settled well above the 100 simple moving average (4-hours).

It traded to a new all-time high near $57,500 and recently started a downside correction. There was a sharp dip below the $56,000 and $55,000 levels. The price broke the 23.6% Fib retracement level of the upward move from the $50,634 swing low to $57,500 high.

However, the bulls were active near the $54,000 support level. The 50% Fib retracement level of the upward move from the $50,634 swing low to $57,500 high also acted as a decent support.

Bitcoin Price

There is also a key bullish trend line forming with support near $54,000 on the 4-hours chart of the BTC/USD pair. The pair is also recovering and trading nicely above $55,000. An initial resistance is near the $57,000 level. The first major resistance is near the $57,500 high.

A clear break above the $57,500 resistance is likely to open the doors for more upsides. The next major resistance for the bulls sits at $60,000.

Dips Supported in BTC?

If bitcoin struggles to clear the $57,500 resistance level, there are chances of a downside correction. The first major support is near the trend line and $54,000.

The next major support is near the $52,500 level (a multi-touch zone). If there is a clear break and close below the $52,500 support, the price could decline towards the $50,000 level in the near term.

Technical indicators

4 hours MACD – The MACD for BTC/USD is showing positive signs in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is still above the 60 level.

Major Support Level – $52,500

Major Resistance Level – $60,000

Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin.

Here’s why that statement is probably true, and why the cryptocurrency will continue to take market share away from the aging shiny rock.

Gold Would Trade At $3K If It Wasn’t For BTC

The digital narrative worked like a charm, and Bitcoin is now stealing any capital looking to park somewhere resistant to inflation.

Gold has traditionally served that purpose, and as the economy first began treading on thin ice, the ages old asset that was once the “standard” began to uptrend again.

Related Reading | Seller’s Remorse: Day Trader Dave Portnoy Swears Off Bitcoin

Gold eventually reached more than $2,000 an ounce at the height of its bull market. Natural profit-taking caused the price per ounce to pull back, but rather than go for another leg higher, capital well suited for gold made its way into Bitcoin instead.

Because Bitcoin exists, and money is pouring into the scarce cryptocurrency instead of gold, has prevented gold from trading at $3,000 an ounce, according to a statement overheard on CNBC today.

The statement was shared in a tweet, fingering the blame on Bitcoin as the culprit for gold’s lack of price appreciation.

How Bitcoin Makes Metals Seem a Lot Less Precious

Charts don’t lie, fortunately, and comparing gold against Bitcoin definitely shows a correlation between when gold peaked and the cryptocurrency really took off.

The change took place just days after gold had topped, and publicly traded companies began buying BTC to add to company reserves.

bitcoin btc xau

Gold's value has been diminishing while Bitcoin's rises. Coincidence? | Source: BTCUSD on TradingView.com

That trend has now extended into the likes of Tesla, and more corporations are expected to follow suit and could be responsible for Bitcoin’s price appreciation.

Other reasons, however, are undeniably due to gold outflows from hedge funds and other investors. Even retail are now getting back into crypto, but are focused more on altcoins as the price per BTC becomes out of reach for the average person.

Related Reading | Chart Comparison Demonstrates Effectiveness Of Bitcoin Digital Gold Narrative

But even altcoins absorbing some of the capital that could have made its way into gold, is ultimately Bitcoin’s doing. It is because of the first ever cryptocurrency that the rest of the market exists, and according the the statement made on CNBC, is responsible for gold trading at under $2,000, let alone the $3,000 it would be otherwise.

Featured image from Deposit Photos, Charts from TradingView.com

Yesterday, Binance Coin closed at around $200 a coin, and within another 24 hours, the exchange token is already trading at another $100 higher.

The surge in price and corresponding FOMO has also caused the cryptocurrency token to climb the top ten assets by market cap, making it to the number three spot. Here’s why this is such a big deal for Binance and its native token.

Binance Coin Takes Third Rank in Crypto Top Ten

Binance Coin is having a record-setting month so far. February still has around a third of it left to go, and already the month is the largest candle in the asset’s history dollar for dollar.

Related Reading | Binance Coin (BNB) Sets Record For Largest Monthly Candle Ever

The rally keeps on going, taking the price per BNB token to a high of over $300 per token as of today. At the 154 million and some odd BNB tokens in circulation, this has resulted in a $48 billion market cap, now nearly $15 billion ahead of the next closest crypto asset – the stablecoin Tether.

binance coin bnb

BNB surpasses Tether and several other coins | CoinMarketCap

Tether’s market cap is solely supply based, as its price is tied to the dollar and doesn’t fluctuate significantly. Tether has had the number three spot for some time, taking from XRP as it sinks ever deeper down the list of top cryptocurrency by market cap.

XRP enjoyed the third rank for years once it got there, and only recently began its descent due to an ongoing lawsuit filed by the SEC against Ripple.

Binance Coin, however, was barely cracking the top ten before this month, and is now right behind only Ethereum and Bitcoin in terms of total capital.

What Is Behind The Exchange Token’s Unprecedented Comeback

As for why the token is performing so well, it is a sign of the overall demand for the crypto market as a whole. Bitcoin taking off helped propel altcoins back into an uptrend, which is now making investors money once again.

binance coin bnb

blah | BNBUSDT on TradingView.com

Chatter about coins making small fortunes, is once again luring more and more investors to altcoins. And there’s no platform that’s more so associated with altcoins, than Binance.

Binance was the place to be during the last major altcoin season, which saw Binance Coin also jump in demand. The latest monthly candle is the largest since then, suggesting that lightning is striking the exchange and related token twice.

Related Reading | An SEC Ripple Effect Leaves XRP Sliding the the Crypto Top 10

And because the exchange is so active and relies heavily on the token to underpin its massive and ever-expanding ecosystem, Binance Coin is one of the more valuable cryptocurrency tokens in the market. It is only now the market is realizing this value, and price is catching up accordingly.

Featured image from Deposit Photos, Charts from TradingView.com

This week, transaction fees on the Ethereum blockchain grew to a level that made the decentralized applications (dapp) operating atop it practically unusable. In some cases, transferring as little as $5 across the second-largest public chain started costing as high as $300.

With no choice left, many of the dapp developers decided to run the same operations on a rivaling blockchain network, the Binance Smart Chain, a public ledger that offered to do the same tasks Ethereum does at 99 percent lesser costs. On Wednesday, the BSC blockchain processed about 2.12 million transactions compared to 1.26 million on Ethereum.

The strong shift also appeared as PancakeSwap, a UniSwap ripoff launched atop the BSC blockchain, rivaled Ethereum-based decentralized exchanges, driving a 1,000 percent-plus liquidity surge this year, accompanied by strong volumes—from $37 million on Jan. 1 to $1.68 billion on Feb. 19.

Meanwhile…

…Binance Coin (BNB/USD), a native token in the Binance’s ecosystem, was always at the center of BSC’s developments. Its prices in the US dollar market surged from $42 on January 1 to as high as $291 on January 19. Traders merely saw holding opportunities by taking cues from the Binance’s expansion into Ethereum’s turf.

The last five days saw BNB/USD surging by more than 100 percent. Ethereum remained pressured under the $2,000-level in the same period.

Binance Coin, BNBUSD, BNBBTC, BNBUSDT, cryptocurrency
Binance Coin hit new all-time highs on booming BSC adoption. Source: BNBUSD on TradingView.com
Binance Coin hit new all-time highs on booming BSC adoption. Source: BNBUSD on TradingView.com

Analysts now anticipate the BNB/USD rally to fly further upward, with the next primary targets sitting above the $300-level.

Bitcoin’s Role in Pushing Binance Coin Upward

More tailwinds for Binance Coin also come from the prospect of an overall crypto boom, led by Bitcoin’s meteoric rise in the last eleven months. The flagship cryptocurrency surged by more than 1,200 percent from its mid-March nadir of $3,858 as institutions realized its safe-haven credentials amid an uncertain global economic outlook.

Corporate houses, including Tesla, MicroStrategy, Square, and Bitwise, bought billions of dollars worth of Bitcoin to diversify their balance sheets with cash alternatives. Meanwhile, billionaire investors such as Paul Tudor Jones and Stan Druckenmiller also promoted cryptocurrency as digital gold— a hedge against a depreciating US dollar.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin hits an all-time high. Source: BTCUSD on TradingView.com
Bitcoin hits an all-time high. Source: BTCUSD on TradingView.com

As crypto adoption surges, it increases sign-ups across all the cryptocurrency exchanges. Meanwhile, that boosts Binance Coin’s adoption against its depleting supply rate.

Bitcoin bulls are not running out of fuel.

On Friday, traders once again raised their bids for the world’s leading cryptocurrency, sending its prices to another record peak after Grayscale Investments, a New York-based crypto investment vehicle, added 1,672 BTC to its already-ballooning bitcoin stockpile. The firm now holds 655.44 BTC, worth almost $33.5 billion.

Grayscale’s accumulation spree removed more bitcoin from circulation against its rising demand among retail and institutional investors.

In a note published Thursday, analyst Ben Lilly highlighted that bitcoin investment made by Grayscale, Tesla, MicroStrategy, Ruffer Investments, Square, Bitwise, and other firms sucked more of the cryptocurrency out of supply than produced. Meanwhile, retail traders withdrew Bitcoin en masse from exchanges, adding further to the brewing liquidity crisis.

“It means bitcoin is in fact becoming scarce,” Mr. Lilly stated. “If this continues, a liquidity crisis will transpire pushing prices considerably higher.”

Bitcoin At Another Top

The BTC/USD exchange rate topped at $52,875 during the early London session after rallying 2.48 percent into the day.

The pair pared a modest portion of its gains later, falling to as low as $52,619 but maintained its upside bias above crucial technical supports. That, coupled with falling Bitcoin reserves across all the exchanges, raised the cryptocurrency’s potential to log an extended bull run in the sessions ahead.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin forms another frothy top amid an institutional-led price boom. Source: BTCUSD on TradingView.com
Bitcoin forms another frothy top amid an institutional-led price boom. Source: BTCUSD on TradingView.com

The spike already led BTC/USD up by 85 percent this year. Meanwhile, the move extended the pair’s net rebound from the March 2020 lows of $3,858 by more than 1,260 percent, making Bitcoin one of the world’s best-performing global assets during the coronavirus pandemic.

But…

…Ki-Young Ju raised some red flags.

The CEO of CryptoQuant—a South Korea-based blockchain analysis firm, noted that the latest Bitcoin bull run appeared despite a negative Coinbase premium. It means that stablecoin whales and retail investors drove the prices upward, which tends to have shorter risk timeframes than institutional investors.

“Not a healthy bull without USD spot inflows,” said Mr. Ju.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Coinbase Premium acts as a benchmark to gauge institutional interest in the spot bitcoin market. Source: CryptoQuant
Coinbase Premium acts as a benchmark to gauge institutional interest in the spot bitcoin market. Source: CryptoQuant

Nevertheless, analysts with a bias towards technical patterns believed Bitcoin would continue its upside. A pseudonymous trader noted that the cryptocurrency could hit $60,000 in the near-term after breaking out of a bull flag. It is a bullish continuation pattern.

“It seems BTC has more gas left in the can. Bull flag breakout target around $60k being given added confluence by BPRO TP2 also given around there.”

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin bull setup, as highlighted by Trading Tank. Source: BTCUSD on TradingView.com

BTC/USD was trading at $52,811 at the press time.

Decentralized finance has shown the 1% that the masses do not have to remain subjugated to the wills of the financial ruling class. Global citizens do not have to yield to a financial system that benefits a privileged few; rather, they can utilize tools for financial freedom. With this ethos in mind, Radix has created the Goodfi Alliance, an initiative with the goal of enhancing financial sovereignty for users by introducing them to DeFi applications.

Radix is a decentralized ledger platform with a focus on DeFi applications, so the creation of this group was natural for the development team. Collaborating with some of the most influential entities in the space, AAVE, Chainlink, Messari Capital, and mStable, this newly formed conglomerate plans to flip the legacy financial system on its head. Some of these projects are competing within the same sector, and others are unique, so Goodfi will never promote a specific blockchain or DeFi platform. Instead, Goodfi will spread the potential of these technologies as a whole.

A Three-Pronged Approach

Intending to reach one hundred million new users who are willing to deposit at least $1 into the DeFi universe, Goodfi has a lot of work ahead of itself. Backed by some of the most successful investment firms and multi-billion dollar cryptocurrency projects, the Goodfi team has a lot to offer in terms of expertise, time, money, and development capabilities. They are not capping their ambition, which is a good sign of what’s to come.

There will be many different groups of stakeholders that Goodfi will target, each with unique challenges they need to overcome in order to adopt DeFi. These groups consist of traditional financial users, the unbanked and disenfranchised, and established companies and organizations. Goodfi will be creating different content and offering different methodologies depending on the group, but in general, Goodfi plans to proselytize DeFi by using education, research, and awareness.

Education, Education, Education

Education is essential for long term success, one of the reasons any parent who wants their child to have a bright future emphasizes a commitment to the cause. For DeFi, this education will have to be all-encompassing, as there is not much of a predecessor to establish the groundwork. This means walking users through blockchain, cryptocurrency, and DeFi topics, as well as helping users access digital assets with which to transact. Goodfi and its contributing members will be regularly releasing educational material to educate the masses on the opportunities, risks, and potential that DeFi brings.

The next aspect Goodfi will focus on is research, an essential part of developing a data-driven thesis. Many of us involve ourselves in the blockchain on a daily or weekly basis, making it easy to forget that ‘normal’ people still don’t have a clue what decentralized finance is or what it can enable. The research will help in clarifying many of the concerns and questions new users can have on the efficacy of DeFi platforms. This will be good for all, as it will also challenge the assumptions that more seasoned veterans may have unwittingly made throughout their DeFi journey.

The last point of focus will be DeFi awareness, a cornerstone of establishing the sector in mainstream consciousness. DeFi has ballooned to over $40 billion in terms of total value locked in just over a year, but this is only a drop in the bucket when looking at the total financial industry. Awareness involves opening users’ eyes to the choices in front of them, including showing them how they are regularly swindled by controlling powers, from banks to credit agencies. Goodfi wants to make everyone more aware of the possibilities that genuinely fair and free markets allow, which is only available when centralized bodies do not have more power than the users of the network.

If Goodfi can reach its goal of one hundred million users by 2025, we’re all in for a wild ride.