DeFi would solve some of these problems by shifting the counterparty risk from a man named Sam to an immutable protocol that we can all audit and verify. Look at aave, compound, Uniswap.
DeFi would solve some of these problems by shifting the counterparty risk from a man named Sam to an immutable protocol that we can all audit and verify. Look at aave, compound, Uniswap.
Right, but I've never heard anyone say in response to stock market fraud, "You know what would fix this? A stock market!"
The logic path on fixing what is ultimately a blockchain-related problem with more blockchain just seemed a bit circular to me. The blockchain/crypto portion does not really seem to be solving any real-life problems, or if it has, anything it has solved is being outstripped by the problems/losses.
Leaving your coins on a centralized exchange kills the reason for a blockchain and DeFi. It’s crypto by name only.
Finance always follows commerce. It’s commerce which ultimately creates an organic price floor for assets.
Given that no commerce exists in the cryptospace there is no such floor.
You are describing a decentralized casino, but it’s taboo to say it and hence the word “asset” is being thrown around