RE: DeFi, the technology for tomorrow

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DeFi, the technology for tomorrow

in hive-175254 โ€ขย  4 years agoย 

Hello Piotr ๐Ÿ˜€

One can only wonder, if central banks , regulators and politicians collaborating and supporting idea of central banks will manage to fight with DeFi and upcoming trends.

This is my prime worry about DeFi's adoption too. But we should not forget that bitcoin (which also takes banks out of the equation) has thrived in the 11 years it has existed; avid crypto users will find a way to circumvent this lobbying. Unfortunately we cannot say the same for the average Joe.

that TRUST is something that blockchain doesn't replace in any sufficient way

Agreed. DeFi doesn't mean '100% safe'. Look at what happened due to a rebase bug. People assume that cryptocurrencies are the safe haven of tomorrow's transactions. But we can only bring DeFi to mainstream if it's well audited and proved safe.

Thanks for reading. Glad you enjoyed it! ๐Ÿ˜Š

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ย  ยท ย 4 years agoย 

Thanks for your awesome comment @rxge