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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@9CSVVC8British National9mos9MO
Yes, but I would prefer if the protocol was created and secured by the private sector instead of a decentralised protocol
@9CPZJ4J10mos10MO
No, because cryptocurrency requires a substantial amount of energy
@99J34K61yr1Y
Nationalise said techonlogy.
No, decentralised finance increases the risk of money laundering, fraud and tax evasion
@9B84XHJ1yr1Y
We should have nationalization on trade.
@99QYDG81yr1Y
Online banking should always be under the control of its respective bank, building society or credit union.
@96R9KV82yrs2Y
Not yet, wait until the technology becomes more stable and secure, and when the government has its own cryptocurrency.
@95SQ7ZS2yrs2Y
Yes, but allow consumers still to use centralised bank if they choose
Move towards abolition of money entirely
@96NGL6L2yrs2Y
Don’t know enough about this topic to take an informed position
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