DEFI will change Everything (Again)

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Avatar for sharaz96
3 years ago

Satoshi showed us how we can move value online, then Vitalik showed us how to make the value programable. DEFI is changing crypto and failing to adapt to it will be akin to people dismissing the early days of crypto. The Bitcoin Cash community is adopting scalable DEFI with Smart Bitcoin Cash.

Exchanges will be replaced by decentralized exchanges, why should we still trust centralized entities for a decentralized currency? Better security, better UX, lower fees, and no rug pulls. DEX liquidity and volumes are rapidly increasing, users are moving away from the current platforms into Web3 based alternatives. Further, consider how most of the centralized exchange assets are paired to BTC. Example, ETH/BTC, BCH/BTC, etc... Resulting in BTC moving the whole market up or down. Once most of the volume is on DEX that will change. The current bull/bear cycle created by $BTC will likely get broken into a much more complicated system.

Bitcoin Core proponents believe things should not change, that $BTC should be digital gold, with small blocks and Lightning. Maxis constantly dismissing Ethereum, what a blessing for us! Iยดm 100% certain that their failure to adapt and adopt scalable DEFI will mean that they won't remain at the top market cap for long.

DEFI will center around communities, those communities creating the strongest network effects out of scalable platforms will grow and create vast value networks. The Bitcoin Cash ecosystem needs to become a strong DEFI community and quickly adopt change, we need to move to decentralized exchanges. We need to adopt DEFI platforms creating liquidity, price discovery, distribution. The greatest opportunity just knocked on our door, let's get it! Once maxis realize DEFI, it will be way too late, they won't be a top coin, and their only value proposition will be dead. Cryptos without strong DEFI communities will die. Bitcoin Cash will be the number one PoW based DEFI platform and digital cash for everyone, efficiently powering a vast amount of economic growth in the world.

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Avatar for sharaz96
3 years ago

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