RE: What is decentralised finance (DeFi) and how is it different from traditional finance?

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What is decentralised finance (DeFi) and how is it different from traditional finance?

in hive-175254 •  4 years ago 

Yes, good point about lots being free @josevas217 - I need to find out more about cryptocurrencies. I keep going around in circles when I think about it....there's no such thing as a free lunch and so on :) I'm not quite sure what you mean by 'a good thing you've silvered'. Is that crypto jargon? I ask honestly, I'm playing catch up :)

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Hello @tomshearman
NO, it's not jargon, it's just that I use my phone a lot to answer some comments and for some reason the dictionary changed the meaning. I meant you had a very good point planned.
In my blog I have some posts to explain this about cryptomonies, alternative currencies, stable currencies, smart contracts, among other things. I'm not an expert in the area, but I know a few things. It's good to assimilate little by little. Don't despair because it's worse later. There are many new things, the knowledge must come little by little.

Aha! OK, thanks @josevas217 it makes sense now. I thought I was getting lost haha :) And yes, good advice, slowly slowly, I'm getting used to the phrasing, keywords and so on. I'll keep reading :) Cheers :)