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…
Read more49% Yes |
51% No |
35% Yes |
39% No |
9% Yes, but only if it’s truly decentralised and cannot be manipulated by any person, group, or government agency |
12% No, and I don’t understand the concept of decentralised finance |
3% Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralised protocol |
|
2% Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services |
See how support for each position on “Decentralized Finance” has changed over time for 8.1k UK voters.
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See how importance of “Decentralized Finance” has changed over time for 8.1k UK voters.
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Unique answers from UK users whose views extended beyond the provided choices.
@9QFBCDB3wks3W
There's room and good reasons to have both systems. Some systems need to be private and permissioned while others are better off as decentralised and open source to allow scrutiny and accountability.
@9B84XHJ1yr1Y
We should have nationalization on trade.
@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
@93WBNT92yrs2Y
Move towards abolition of money entirely
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