Mind Matters Natural and Artificial Intelligence News and Analysis

TagDecentralized vs. centralized trading

Modern way of exchange. Bitcoin is convenient payment in global economy market. Virtual digital currency and financial investment trade concept. Abstract cryptocurrency with gold bitcoin background..

The futurist finance world of flash loans and hypernodes

In the cryptocurrency world, you could float a loan for ten seconds and make good money — but you and your computer must be very fast indeed

In the first part of Episode 4, “What Is Decentralized Finance?” (September 1, 2022), computer engineer Adam Goad discussed with Walter Bradley Center director (and computer engineering prof) Robert J. Marks how blockchain would decentralize finance by establishing trust and security without government regulations. Now they look at how some of the remarkable new financial instruments work. https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-202-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. Robert J. Marks: Before we started this recording, you mentioned something which blew my mind — flash loans. Adam Goad: A flash loan is a loan that you take out for a very short amount of time, usually a few seconds. But it can be for a very large amounts, like millions of dollars.…