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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Response rates from 483 East Midlands voters.
47% Yes |
53% No |
34% Yes |
40% No |
8% Yes, but only if it’s truly decentralised and cannot be manipulated by any person, group, or government agency |
13% 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 |
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2% Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services |
Trend of support over time for each answer from 483 East Midlands voters.
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Trend of how important this issue is for 483 East Midlands voters.
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Unique answers from East Midlands voters whose views went beyond the provided options.
@9QFBCDB6mos6MO
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.
@9F3TLPM 1yr1Y
No, decentralised finance increases the risk of money laundering, fraud and tax evasion
@9B84XHJ2yrs2Y
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.
@93WBNT92yrs2Y
Move towards abolition of money entirely
@99QYDG82yrs2Y
Online banking should always be under the control of its respective bank, building society or credit union.
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