Here in crypto ... you simply emit new token, create its value using profits from "improved production" and collect millions from investors which act like decentralized lender here. But if you want a real loan there are already bunch of projects that solve this. The only problem is collateral. So far there is no problem to borrow crypto using other crypto as collateral but sooner or later we will see companies that will offer lending using "real word" collateral, but there is no privacy anymore and most likely no decentralization.
Yes, the banking system is different from the cryptosystem so no need for banking involvement. Lots of people think that this is system operate by own block chin based so no need other anything. 
Topic: Are banks needed for crypto? - page 7. (Read 811 times)
I don't think so, there are payment apps that accepts crypto and converts it into fiat so I don't think that we're going to need bank in our crypto, not to mention that their obsolete, we don't need a middle man in crypto so no worthy reason why we need them in the cryptospace.
If we refer to the future, maybe it's not the time for us to say precisely.
I don't know about anyone else, but the above post makes very little sense (especially the bolded part).Please allow me to clarify the sentence that you have bolded. Thank you in advance for asking this question.
I mean, referring to the context of the OP statement regarding the future crypto lending mechanism.
Is there a future for loan mechanism in crypto?
However, looking at the situation and condition of government policies and institutions, Banks have not yet given a signal of support for crypto. In fact, we all know that whenever crypto exhibits freedom of transactions as well as individual financial freedom, the Bank considers what we have as a form of money laundering.
This so far, of course, is an illustration based on my personal point of view that it is still not right to say that there is a license for crypto lending that is legitimized by the Bank.
(I hope you correct if there is a misunderstanding of what I said above).
The first thing you should pay attention to is the level of crypto price volatility. Not that stablecoins can be used to provide real-world loans, but whether a country can provide space to include crypto which until now is still in category 2, namely the investment group.
If we refer to the future, maybe it's not the time for us to say precisely. it is possible when the two institutions of decentralization and centralization can be combined in one financial system. Is that possible?
I don't know about anyone else, but the above post makes very little sense (especially the bolded part).If we refer to the future, maybe it's not the time for us to say precisely. it is possible when the two institutions of decentralization and centralization can be combined in one financial system. Is that possible?
OP, you should do a lot more research, not only into DeFi but into cryptocurrencies in general, as it seems you're very new to the space--and if that's true, then welcome! Crypto is fascinating and very profitable if you know what you're doing. As far as loans and banks, I don't think banks want anything to do with crypto or the loaning of it. Why would someone want to take out a bitcoin loan, for instance? Probably to gamble or to speculate in risky investments, and banks aren't in the business of making those kinds of loans.
In addition, there's the issue of collateral. On this forum there's a lending section, and the last time I checked there were members constantly looking for no-collateral loans and very few members taking out loans with real collateral (altcoins are basically the only good form of collateral for crypto loans). I don't know much about DeFi myself, but I have a feeling it's not going to be a threat to the banking system like some people say it is. Time will tell.
The first thing you should pay attention to is the level of crypto price volatility. Not that stablecoins can be used to provide real-world loans, but whether a country can provide space to include crypto which until now is still in category 2, namely the investment group.
You're right about that crypto price is very different in real money and its bot easy to loan in crypto of the volatility than real world loans. About the investment group in crypto , there are some gives you a good idea some are down you instead of gives you an good advice.If we refer to the future, maybe it's not the time for us to say precisely. it is possible when the two institutions of decentralization and centralization can be combined in one financial system. Is that possible?
I think they need more research if this two are ready too combine but i think in the future this two are possibly combining because this are important with differences for us. We just wait until they come.Here in crypto ... you simply emit new token, create its value using profits from "improved production" and collect millions from investors which act like decentralized lender here. But if you want a real loan there are already bunch of projects that solve this. The only problem is collateral. So far there is no problem to borrow crypto using other crypto as collateral but sooner or later we will see companies that will offer lending using "real word" collateral, but there is no privacy anymore and most likely no decentralization.
Yeah ... So the main problem is tying loan to the "real world". I heard that someone is making stablecoins tied to fiat. Is this a half measure and not a solution of the problem? Couldn't this attract manufacturers who are interested in crypto but are afraid to mess with it? Pegging stablecoin to USD as example could push them to work with crypto, I think.
when talking about this, it will automatically give us the answer to something definite, namely the centralized system used by banks to date and the decentralized system which is still the distinguishing feature of crypto.
logically they will not be able to be united at least for now because of the view of the two systems.
The first thing you should pay attention to is the level of crypto price volatility. Not that stablecoins can be used to provide real-world loans, but whether a country can provide space to include crypto which until now is still in category 2, namely the investment group.
If we refer to the future, maybe it's not the time for us to say precisely. it is possible when the two institutions of decentralization and centralization can be combined in one financial system. Is that possible?
If we refer to the future, maybe it's not the time for us to say precisely. it is possible when the two institutions of decentralization and centralization can be combined in one financial system. Is that possible?
Here in crypto ... you simply emit new token, create its value using profits from "improved production" and collect millions from investors which act like decentralized lender here. But if you want a real loan there are already bunch of projects that solve this. The only problem is collateral. So far there is no problem to borrow crypto using other crypto as collateral but sooner or later we will see companies that will offer lending using "real word" collateral, but there is no privacy anymore and most likely no decentralization.
Yeah ... So the main problem is tying loan to the "real world". I heard that someone is making stablecoins tied to fiat. Is this a half measure and not a solution of the problem? Couldn't this attract manufacturers who are interested in crypto but are afraid to mess with it? Pegging stablecoin to USD as example could push them to work with crypto, I think.
I think such systems have not survived far enough really. There are some projects that tried lending in the past but I don't know how far they went or they defrauded and took people's money. Collateral has been a big challenge for this. This is why here on the forum, such program do exist P2P but with third party escrow which could also be as a result of the campaign a collector member is promoting.
Can you tell me more about this P2P program? Or can you give me some links where I can learn more about it?
[moderator's note: consecutive posts merged]
I think such systems have not survived far enough really. There are some projects that tried lending in the past but I don't know how far they went or they defrauded and took people's money. Collateral has been a big challenge for this. This is why here on the forum, such program do exist P2P but with third party escrow which could also be as a result of the campaign a collector member is promoting.
Here in crypto ... you simply emit new token, create its value using profits from "improved production" and collect millions from investors which act like decentralized lender here. But if you want a real loan there are already bunch of projects that solve this. The only problem is collateral. So far there is no problem to borrow crypto using other crypto as collateral but sooner or later we will see companies that will offer lending using "real word" collateral, but there is no privacy anymore and most likely no decentralization.
Just started to learn about DeFi, and a question arose.
Fiats have a loan mechanism. Manufacturers use it to improve their production.
Is there something similar in crypto? How does it work then? And are such services in demand? Do manufacturers take loans in crypto?
Isn't that killing DeFi idea? Is there a future for loan mechanism in crypto?
Thanks everyone in advance for the answers.
Fiats have a loan mechanism. Manufacturers use it to improve their production.
Is there something similar in crypto? How does it work then? And are such services in demand? Do manufacturers take loans in crypto?
Isn't that killing DeFi idea? Is there a future for loan mechanism in crypto?
Thanks everyone in advance for the answers.
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