Terra is a cryptocurrency project that is represented by the LUNA token.  The ecosystem has a stable coin pegged to the US Dollar with the ticket UST.  The “peg” to the US Dollar is performed with an algorithm that encourages the burning of LUNA to buy UST when the peg is below $1.00 and the …

Terra Luna UST – What Happened? What’s Next? Read More »

As you may know, Monero is one of several “privacy coins” that allow users to maintain their anonymity on the blockchain.  In a previous article, I described the importance of privacy when accepting crypto for payment of goods and services as well as paying employees with cryptocurrencies.  Article Link:  https://sanctuarydex.com/why-privacy-in-payments-is-important/ If you track the price …

Monero – Why the recent volatility? Read More »

The Preamble to the United States Constitution emphasizes “liberty for ourselves and our posterity”.  Ever since the establishment of the Federal Reserve in 1913, our liberties and the ability to transfer wealth to our future generations has been eroding at a “boiling frog’s pace”.  Had our predecessors known then that purchasing power of the US …

Legacy Finance vs. DeFi Read More »

Or rather, Alice pays Chase Bank and Chase Bank pays Bob The above statement describes how the majority of “peer-to-peer” transactions are structured today; there’s a middleman or 3rd party involved. Since 2009, the year after the major 2008 financial crisis, we have another option for peer-to-peer payment. This solution was described by Satoshi Nakamoto …

Alice pays Bob Read More »

Today, when customers pay merchants with cash, check, credit, or debit card, they do not have access to the merchant’s bank account balance.  Also, employees cannot access the balance of their employer’s bank account from the information on their paycheck.  If the merchant accepts cryptocurrency as payment or if an employer pays their employee crypto, …

Why Privacy in Payments is Important Read More »

Introduction Cryptocurrency campaign contributions were approved almost eight years ago. The Federal Election Commission (FEC) approved these types of contributions, but they are still a ways from becoming a popular source of campaign contributions since there are still details that need to be hammered out. According to the FEC, only about a dozen campaign committees …

Crypto and Politics Read More »