The "De" in DeFi stands for "Decentralized," meaning there are no intermediaries in the process.
We're only at the beginning of the growing DeFi bubble, and there are already tokens worth more than Bitcoin.
Every day, new brilliant projects emerge - DeFi could end up being bigger than the internet one day.
All DeFi trades are peer-to-peer in nature, as they happen on a blockchain.
Imagine a pure DeFi version where we can bridge fiat money like dollars and all the world's currencies.
Many people have no ID at all, which is another opportunity to provide financial inclusion to more people.
If Bitcoin is layer one, then DeFi is layer two, and the "People" layer provided by P2P networks is the third layer.
This can give us the true street price of Bitcoin to the dollar, which is something that would be of enormous value to people in hyperinflationary economies such as Zimbabwe or Venezuela, as people there often have to check many different sources.
DeFi tokens are literally playing with fire, and you might get burned.
Aside from making Bitcoin accessible, Ray also launched the #BuiltWithBitcoin charitable initiative that aims to show the humanitarian capabilities of Bitcoin.
Wolf of Wall Street on steroids: DeFi may be a bubble, but it's making us stronger
Publicado en Oct 11, 2020
by Cointele | Publicado en Coinage
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