Good afternoon everyone, Decentralized Finance Pepe Defi, will be the future? it improves something, what is it?
Decentralized finance or commonly referred to as Defi is the new product of the mainstream liberal internet punk movement.
Current started around 2020 with the creation of books what is defi? little by little was shaking his head at the problems of the future.
Exchanges and regulators worldwide unilateral freezing of bank accounts among others.
Defi is important? it is the key point so that your government can't turn off the money tap, the market volume.
From being a weirdo on the internet to being totally snooped by the NSA, Defi aims to solve the problem of third parties by assigning them machines, programming and money.
Which generates a balance of incentives but not only are exchanges but there are also loans where the collateral is not based on how much is in the bank but how much is in the liquid treasury.
Wallets where only you own your keys.
The contract takes care of giving you the best options like PoolTogether lottery in which you can always win, similar to a meme of the common lotteries in the city but showing that the clean business is the other way around.
Vitalik in his forward looking documents insists that Ethereum could create a decentralized uber without a third party drastically reducing the cost, it's amazing what the technology can do.
people right now are in bitcoin is gold bitcoin was acquired by Elon Musk Microstrategy but let me desirte that its value is null , it delivers nothing but greed.
Alternatives like Banana BAN use its mining power for scientific research the cure against Covid the cure against cancer among others rewarding you for it , what better a bitcoin meme.
Having said the above I think Defi has a lot of potential to change things to surprise us in time but in a few years we are still in an extremely basic layer where some vampires can play to their heart's content.
When the layer is over and progress is scaled up, real problem solving technology will be right in front of our eyes.
Thank you very much Read Cash for giving me this space.
