corwintines
commented
1 month ago Thanks @PrashantBhaga
I don't really think this content belongs on Ethereum.org. A lot of this is financial advice oriented, which I don't believe is a direction of content we should have at all.
Introduction to Personal Finance with Ethereum and DeFi
I don't think we need something on budgeting. There is a lot of content out there for that, and it really isnt an Ethereum related topic even if the tools you use are DeFi ones.
Budgeting and Savings with Ethereum
Same as above
Debt Management and Reduction Strategies
This feels like a defi product thing, but again, I don't think we should be giving financial advice at all here.
Generating Passive Income through Staking
There is enough touched on this with the staking pages, I don't think this needs expanding
Building Your Own Crypto Bank
I don't think we need content on financial and product strategies again. This doesn't feel like a good direction on content on Ethereum.org.
Financial Independence and Early Retirement (FIRE) with DeFi
This content doesn't belong on Ethereum.org.
Security and Risk Management
This is the only suggestion that may have some place for exploration. Would be curious to hear a more flushed out plan for this content before commenting much more.
Overall, I think most of this is not needed, or the wrong direction of content for Ethereum.org as we should not be giving financial advice at all IMO. But, those suggestions aside I would like to hear a bit more on your plan for Security and Risk Management to see if there is something there.
I will let others comment their opinions as well, just wanted to leave mine.
konopkja
Is your feature request related to a problem? Please describe.
I’m always frustrated when I see the potential of Ethereum and DeFi not being fully utilized by the general public due to its complexity and intimidating nature. Many individuals find blockchain technology and DeFi strategies overwhelming, preventing them from leveraging these tools for personal finance management and financial freedom. This lack of understanding hinders the mainstream adoption of Ethereum and limits its value to everyday life.
Describe the solution you'd like
I propose a series of articles that simplify complex financial strategies using Ethereum and DeFi, presenting them through easy-to-understand analogies and straightforward language. These articles will cover:
By making these concepts accessible, we can empower individuals to use Ethereum for personal finance, leading to broader adoption and demonstrating Ethereum’s practical value in everyday life.
Describe alternatives you've considered
Alternative solutions considered include:
The proposed article series provides a concise, cost-effective, and direct way to educate and engage the community within the existing Ethereum framework.
Additional context
Example Article: Budgeting and Savings with Ethereum
Introduction: Managing personal finances can often seem like a daunting task. However, by leveraging the power of Ethereum and DeFi, budgeting and saving can become automated and efficient. Let’s explore how to simplify these concepts and integrate them into your financial routine.
Simplified Budgeting Techniques: Imagine your budget as a series of jars where you allocate money for different purposes: bills, groceries, entertainment, and savings. In the Ethereum world, these jars are like smart contracts that automatically distribute your income into various categories as soon as you receive it.
Using Ethereum for Automated Savings: Traditional savings accounts require manual transfers, but with Ethereum, you can set up smart contracts that automatically save a portion of your income. It’s like having a piggy bank that fills itself up every time you get paid.
Analogies for Understanding Smart Contracts: Think of a smart contract as a vending machine. You put in money (Ether), and it automatically dispenses the product (savings) without needing a middleman. This automation simplifies the process and ensures consistency in saving.
Conclusion: By understanding and utilizing Ethereum’s smart contracts, you can create an automated, efficient budgeting and savings system. This not only simplifies personal finance management but also helps you stay disciplined and consistent in your financial journey.
By demystifying these concepts and making them accessible, we can attract more individuals to the Ethereum ecosystem, demonstrating its practical benefits and increasing its mainstream adoption. This educational effort will enhance the perceived value of Ethereum, fostering a community that understands and actively uses Ethereum for personal financial growth.
Summary:
This series aims to simplify complex financial strategies by using Ethereum and DeFi, presenting them in an easy-to-understand manner through analogies and straightforward language. The goal is to make the concepts accessible to a broader audience, enabling individuals to leverage Ethereum and DeFi for personal finance management, passive income generation, and financial freedom.
Content Outline:
1. Introduction to Personal Finance with Ethereum and DeFi
2. Budgeting and Savings with Ethereum
3. Debt Management and Reduction Strategies
4. Generating Passive Income through Staking
5. Building Your Own Crypto Bank
6. Financial Independence and Early Retirement (FIRE) with DeFi
7. Security and Risk Management
Potential to add the content to ethereum.org/defi or ethereum.org/guides
Would you like to work on this issue?