Topic: Is DeFi really a threat to centralized finance? - page 2. (Read 1274 times)
i think no. you see the defi mask is slowly unveiling, that its starting to be just another playground for shillers, market manipulators and scammers. you need to do an extensive research before investing your money. centralized finance is more secure and trustful imo.
Why do people always need to have that "stick it to the man!" mindset? I understand that rich people are rich and while we have under 1% that is considered rich enough to not care about money anymore, while there are 50% who are living in or near the starvation levels and only a few that lives a "decent" at best life pay check to pay check that could become starvation if boss fires you.
These are all valid facts that could make us angry against the whales of the world, however how about we elevate everyone without drowning anyone else? Let centralized finance be centralized finance, do not disturb them, do not be against them, let them grow as big as they can, but meanwhile, make defi as big as defi can get as well, make it huge and even bigger than defi but keep cefi alive and huge as well, we can coexist.
These are all valid facts that could make us angry against the whales of the world, however how about we elevate everyone without drowning anyone else? Let centralized finance be centralized finance, do not disturb them, do not be against them, let them grow as big as they can, but meanwhile, make defi as big as defi can get as well, make it huge and even bigger than defi but keep cefi alive and huge as well, we can coexist.
DeFi is not a threat to centralized finance. because Defi doesn't have the strength for it. at this time, people have started to doubt Defi, many Defi projects that only want investors' money. sooner or later Defi's popularity will fade. so before Defi has the power to compete with centralized finance, Defi will be forgotten first.
I believe that DeFi is a massive experiment, very important for the future of the financial system.
However, is DeFi a competitor to traditional finance? In my opinion, no.
However, is DeFi a competitor to traditional finance? In my opinion, no.
And it will remain like that, just an experiment and i doubt that it will shake up the traditional centralised finance. And look at the state right now, although billions might be flowing to the Defi ecosystem, but yet hacks are getting prevalent nowadays that might give people the reason to stay more and leans toward the old centralised system.
Modern financiers are people who have power. IT people have no power, they know how to develop software, but they do not know how to rule the world. Crypto projects are open source software. Financiers know how to use modern technology to their advantage. They will closely follow the success of DeFi, and then receive patents for the most interesting innovative technologies. Modern cryptographic developments will form the basis of a new financial system.
Will the new financial system become decentralized? I'm not sure.
IT people have no power? Bill Gates? Bezos? Steve Jobs? They can if they want but they know that they can be billionaires and super rich without touching any of the finance system.
This is a very interesting topic for discussion!
Can IT Professionals Come to Power? Science fiction writer Robert Heinlein thought not. He wrote that engineers can make big money. However, the positions of chiefs will always be assigned to lawyers and accountants.
The battle between lawyers and developers continues to this day. Mark Zuckerberg (CEO of Facebook) periodically reports on his projects (Facebook, Libra) to American congressmen (lawyers). The SEC imposes fines on successful crypto projects.
But will it always be this way? IT professionals are very smart people. The modern economy is based on the Internet. Perhaps in the future the world will be ruled by IT people. However, the question remains ...
Will these people remain romantics? What will they create for us - DeFi or a digital concentration camp?
I don't consider DeFi is a treat to the Centralized Finance. Centralized finance is still more popular and most preferable to maximum investors. Decentralized Finance may be threat to the Centralized Finance in the future if the new projects developers develops DeFi randomly. Still DeFi is a new system, it isn't free from risk of hack.
The you think defi a a threat to the future of centralized finance? What's your opinion?
real defi will more likey replace many finance industry, and yeah if defi gain more adoption on real world not only just hype and farming coin.at this moment still early stage of defi, mostly only run by P&D group and scammer, still experimental use
buterin already warned ppl who use so much money on smart contract, attracting hacker and experimental project became messy situation
The you think defi a a threat to the future of centralized finance? What's your opinion?
IMHO, In the present status of the DeFi projects, I believe it's not a treat. because today's Defi is just more on hype and no solid foundation to anchor it, Because there's a lot of issues to settle first like those fraudulent activities of those so-called DeFi projects that rampantly victimized investors it's a shame on their side and now claiming DeFi is a treat to centralized Finance no way I dont believe that crap.
The you think defi a a threat to the future of centralized finance? What's your opinion?
DEFI is not a threat to centralized finance because it can't replace centralized finance entirely, both will coexist. Anyone thinking DEFI will make centralized finance to go extinct is actually dreaming, since DEFI mainstream acceptability won't be easy to be accomplished. So many cons are behind this, like hacking of DEFI platforms with flash loan features embedded.
I believe that DeFi is a massive experiment, very important for the future of the financial system.
However, is DeFi a competitor to traditional finance? In my opinion, no.
However, is DeFi a competitor to traditional finance? In my opinion, no.
And it will remain like that, just an experiment and i doubt that it will shake up the traditional centralised finance. And look at the state right now, although billions might be flowing to the Defi ecosystem, but yet hacks are getting prevalent nowadays that might give people the reason to stay more and leans toward the old centralised system.
Modern financiers are people who have power. IT people have no power, they know how to develop software, but they do not know how to rule the world. Crypto projects are open source software. Financiers know how to use modern technology to their advantage. They will closely follow the success of DeFi, and then receive patents for the most interesting innovative technologies. Modern cryptographic developments will form the basis of a new financial system.
Will the new financial system become decentralized? I'm not sure.
IT people have no power? Bill Gates? Bezos? Steve Jobs? They can if they want but they know that they can be billionaires and super rich without touching any of the finance system.
The you think defi a a threat to the future of centralized finance? What's your opinion?
If by centralized finance you mean nexo, celcius, monaco and others then i do not think that there is any threat because if you see the stats and market conditions you will see that both centralized and decentralized finance based projects are growing the only requirement is quality, transparency, authenticity, compliance and obviously benefits to users and investors. No I don't think DeFi is a threat to centralized finance because not all DeFi projects practice what they preach, they claimed they are decentralized but they practice centralized strategies, most DeFi projects team or developers don't even understand what true decentralized is.
The difference between DeFi and the existing financial system is that all financial services are recorded in smart contracts that cannot be changed from outside. However, there are risks of using DeFi, since in case of an error in the smart contract, participants may lose their money. With centralized funding for all of the errors can easily be corrected by the employee.
The you think defi a a threat to the future of centralized finance? What's your opinion?
Being a crypto enthusiast i am very excited about the defi projects and it is going to be the biggest financial sector product in the future because of the features that centralized platforms fail to provide, the biggest things being the transparency, low costs, higher returns and being sure of no middle man involved. 
The you think defi a a threat to the future of centralized finance? What's your opinion?
No I don't think DeFi is a threat to centralized finance because not all DeFi projects practice what they preach, they claimed they are decentralized but they practice centralized strategies, most DeFi projects team or developers don't even understand what true decentralized is. Well said mate, it is one thing to claim to be decentralize finance platform and it is another to actually act upon it or practice it, I think the real Defi project in today's market are very few, and to me I don't think many people use the Defi platforms anyways so how will they be a threat to centralize finance or traditional financial services, they don't even come close.
The you think defi a a threat to the future of centralized finance? What's your opinion?
Technology and especially new disruptive tech is always a threat for traditional rules of business so yes it will challenge both centralized and traditional finance businesses but do not think that it will happen over night because it think it will tale many years before defi can grow that big. The you think defi a a threat to the future of centralized finance? What's your opinion?
Just they are working along at the moment they will continue doing so. In my opinion, there is no threat to anyone, it is just that defi will grow and its market share will increase significantly in coming years and it will become first choice of modern users and tech enthusisats. 
I dont see it as a threat to centralized finance because it caters to a different niche market. Big financial institutions can adopt to it but it would take time since it would need to comply with existing laws.
The threat in fact is huge when there is a massive adoption of cryptocurrencies. The defi ecosystem has already replaced many banking services (but this requires collateral). The user does not need to ask permissions, submit applications, wait for answers. Outside, I do not like what PayPal offers, but they need to thank them for popularizing the cryptocurrency. I hope after a while people will think about it and ask the question: how to work without intermediaries?
"Is DeFi really a threat to centralized finance?"
I think we need to look at problems from a different angle.
You should not oppose them to each other.
The market always finds the best option for both parties.
They are equally useful.
I think we need to look at problems from a different angle.
You should not oppose them to each other.
The market always finds the best option for both parties.
They are equally useful.
Maybe if we have true DEFI, the projects out there now are not DEFI projects, when you see the developers having backdoor control of the contracts. For now DEFI is just here to compliment CEFI and nothing else, both will serve their users since the room for both to grow is very huge
Bank may adopt some features of defi. Ordinary people still prefer to use centralized entities
I believe that DeFi is a massive experiment, very important for the future of the financial system.
However, is DeFi a competitor to traditional finance? In my opinion, no.
Modern financiers are people who have power. IT people have no power, they know how to develop software, but they do not know how to rule the world. Crypto projects are open source software. Financiers know how to use modern technology to their advantage. They will closely follow the success of DeFi, and then receive patents for the most interesting innovative technologies. Modern cryptographic developments will form the basis of a new financial system.
Will the new financial system become decentralized? I'm not sure.
However, is DeFi a competitor to traditional finance? In my opinion, no.
Modern financiers are people who have power. IT people have no power, they know how to develop software, but they do not know how to rule the world. Crypto projects are open source software. Financiers know how to use modern technology to their advantage. They will closely follow the success of DeFi, and then receive patents for the most interesting innovative technologies. Modern cryptographic developments will form the basis of a new financial system.
Will the new financial system become decentralized? I'm not sure.
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