Decentralized Finance (commonly referred to as DeFi) is a blockchain based and cryptographically secure form of finance. Inspired after the financial crisis of 2008, DeFi does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to verify any transfer of ownership, lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against…
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Deleted2yrs2Y
I’m uneducated on this issue.
@7PTCG382yrs2Y
No, this would substantially increase the risk of financial criminal activity
Deleted2yrs2Y
No, DeFi lacks computational scalability, offers no privacy, and lacks in accountability checks beyond transparency.
@57ZY5FN2yrs2Y
The government should have its own set of financial institutions that compete in the Free Market.
@7PTCG382yrs2Y
No, the anonymity of decentralized protocols increases the risk of criminal financial activity
@7PTCG382yrs2Y
No, this will both encourage and increase the risks of criminal financial activity
@7PTCG382yrs2Y
No, this will both encourage and increase the risks of criminal activity
@88NZKDZ2yrs2Y
Yes, but it should be syndicated into cooperatives.
@7PTCG383yrs3Y
No, the anonymity of decentralized protocols greatly increases the chances of criminal financial activity
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