they change the way we handle money and own things ?

axxo

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Quote from: cafter on April 05, 2023, 07:41:21 AM

as decentralized finance (DeFi) applications and non fungible tokens (NFTs) become more popular, will they change the way we handle money and own things,

or will they only be used by a small group of people(like now being used) ?

It is possible that Defi and NFT's become more popular, they could change the way we handle money and own things. These technologies have the potential to democratize access to the financial services and make it more easier for people to be able to do buying, selling and trading assets. We cannot tell now if it will be adopted by a small group of people only. It will depends on the technological advancements, it's framework and how the users will adopt to it.

dunfida

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Quote from: cafter on April 05, 2023, 07:41:21 AM

as decentralized finance (DeFi) applications and non fungible tokens (NFTs) become more popular, will they change the way we handle money and own things,

or will they only be used by a small group of people(like now being used) ?

NFT hype is over and it is really just that good way back on couple of years where NFT was the main trend and if you do look on how many known personalities or collectors
had lost up much money on what they had bought in the past then it would be staggering millions of dollars.

Crypto, NFT losses believed to hit $25 trillion, says industry researcher
Celebrities lose millions of dollars investing in NFTs

Trying to read up those links then it would really be giving us out the idea on how much they have lost just because they are really that expecting
for it to be a collectors item.Yes it could be possible but the value or sale prices are way too non realistic or really just that too much.

Adbitco

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Quote from: cafter on April 05, 2023, 07:41:21 AM

as decentralized finance (DeFi) applications and non fungible tokens (NFTs) become more popular, will they change the way we handle money and own things,

NFT can never be more popular than altcoin or even bitcoin, as a matter of fact can be easily failed away just as the hours of ICO's and today we don't hear anything about them again.

Quote

or will they only be used by a small group of people(like now being used) ?

The NFT are mostly used by their lovers. There are some people who finds it interesting to invest on them, but naturally I don't think is worth paying attention for, also having a lesser popularity.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: carrie_white on May 04, 2023, 11:03:24 AM

I think the development of the crypto world will always change, for example Defi and NFT, I'm sure there will be many new things in the crypto world in the future. it depends on us wanting to choose and manage how we use our money wisely in the crypto world

They have not made a profound impact on this ecosystem. They have only made methods to lose money more easily accessible to common people, sarcastically speaking. If DeFi did what it was supposed to do it would have changed the economy with big impact. Maybe I am being hurried and I am willing to be seen proven wrong. But I feel that what bitcoin has already done, cannot be paralleled by any other system as of now.

Speaking of PEPE, apart from clogging the mempool and raising the bitcoin fees, which irritates me since I have some transactions pending, they have not done anything good for us old timers. Lets see if they actually change how we handle money or not.

carrie_white

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I think the development of the crypto world will always change, for example Defi and NFT, I'm sure there will be many new things in the crypto world in the future. it depends on us wanting to choose and manage how we use our money wisely in the crypto world

Iadegbola34

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Decentralized finance (DeFi) applications and non-fungible tokens (NFTs) are already changing the way we handle money and own things, and their popularity is only increasing. While it is true that currently only a small group of people are using these technologies, their potential impact is much broader. As more people become aware of the benefits of DeFi and NFTs, it is likely that their usage will become more widespread.

That being said, there are still challenges that need to be addressed before DeFi and NFTs can become truly mainstream. For example, there is a need for greater regulatory clarity and consumer protection. As these technologies continue to evolve, it is important for both users and regulators to stay informed and engaged in the conversation.

In short, DeFi and NFTs have the potential to fundamentally change the way we handle money and own things. While their impact may not be felt by everyone immediately, their potential for disruption is significant.

Xal0lex

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Quote from: AakZaki on April 29, 2023, 11:50:16 AM

Quote from: Xal0lex on April 24, 2023, 01:14:01 PM

Are DeFi and NFT becoming more and more popular? I wonder if anyone can remind me of the last of the newly released high-profile projects from the DeFi or NFT category? I think those token categories lost their popularity a long time ago when the hype for those projects ended. Is NFT even of interest to anyone right now? Other than for speculation, does anyone buy these pictures? I have big doubts about the popularity of these tokens. Now the community is interested in the topic of artificial intelligence and various tokens-layers, 0, 2, etc.

The topic of artificial intelligence is very popular today, there are even some new coins appearing, but more precisely memecoin. The emergence of AI memecoins is currently making memecoins even more popular, even the increase can be up to thousands of percent in just a few hours.

In addition, the NFT market has also started to move again, but with some utility tokens. Currently $PEPE COIN (coin of the NFT PEPE) is popular and many have become suddenly rich with $PEPE COIN. just imagine, just buying $27 PEPE COIN in 4 days can get around $1 Million, it's very crazy and really hype right now.

https://twitter.com/DexGemsReal/status/1648575669641543681

Many cannot get rich, otherwise there is not enough liquidity for everyone. Only about 100 addresses managed to get millions on PEPE investments in a few weeks, no more. This is in no way consistent with the definition of many getting rich. Many just found out about PEPE exactly when the investments of early investors turned from a few hundred dollars into several millions. Everyone else rushed to buy due to the general hype.

jaberwock

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Quote from: Apocollapse on April 14, 2023, 06:20:46 AM

Quote from: daenarys_stormborn on April 13, 2023, 11:41:30 AM

I think the development of the crypto world will always change according to technology and the times, call it like defi and NFT, I'm sure in the future, there will be new technological features in the crypto world, so it's up to us to make a choice which one is better in managing our own money

There's always a new technology in cryptocurrency in the future, but mostly the project is only look to make money rather than focus about their use case and development. Most of the projects only give good in theory, but in practice the project almost didn't contribute anything.

That's why Bitcoin always leading in cryptocurrency market and no technology can able to beat Bitcoin until now.

Even the legit projects team, their focus is also to raise money and make money but like you said they aren't only good at grabbing money but they also deliver quality projects as an exchange for their customers. Many projects that join the new trends are scam but there are still a few who are legit and will remain like this forever.

Bitcoin is the first crypto but I am not going to be biased here, Bitcoin does not have it all and that is why there are altcoins and tokens. Bitcoins technology is only a decentralized currency but the rest is more complex than it. Both of them still has a contribution on making crypto world a better place so let's stop stressing our selves about them.

wiss19

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Quote from: AakZaki on April 29, 2023, 11:50:16 AM

Quote from: Xal0lex on April 24, 2023, 01:14:01 PM

Are DeFi and NFT becoming more and more popular? I wonder if anyone can remind me of the last of the newly released high-profile projects from the DeFi or NFT category? I think those token categories lost their popularity a long time ago when the hype for those projects ended. Is NFT even of interest to anyone right now? Other than for speculation, does anyone buy these pictures? I have big doubts about the popularity of these tokens. Now the community is interested in the topic of artificial intelligence and various tokens-layers, 0, 2, etc.

The topic of artificial intelligence is very popular today, there are even some new coins appearing, but more precisely memecoin. The emergence of AI memecoins is currently making memecoins even more popular, even the increase can be up to thousands of percent in just a few hours.

In addition, the NFT market has also started to move again, but with some utility tokens. Currently $PEPE COIN (coin of the NFT PEPE) is popular and many have become suddenly rich with $PEPE COIN. just imagine, just buying $27 PEPE COIN in 4 days can get around $1 Million, it's very crazy and really hype right now.

https://twitter.com/DexGemsReal/status/1648575669641543681

I've never heard of any AI meme coins and how they are making meme coins more popular. If there is anything that makes a meme coin popular is community hype just like how $PEPE is being hyped so badly on Twitter by a group of people who were the early investors and now want others to invest so that they can exit before it crashes.

Meme coins don't have any future, they are hyped by a specific group of people who have bought early, people start buying and hyping it too, when everyone starts buying seeing the hype when the price is already quite high, the early investors along with the team sell all their holdings and exit the market and the price crashes to a point where it stays stable or moves very slowly up and down forever. That's how it goes.

abel1337

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Quote from: danherbias07 on April 30, 2023, 09:37:16 AM

There are actually different ways to handle money now. Some still use the old-school style and some do try the newly created applications.
Now, it's always up to who will use it. You cannot force something that ain't gonna be understood by the mass. If they prefer the traditional ways then they can stick with it.
If it's about the handling of the financial system then I do believe many things could be achieved faster and more accurately by adopting the new inventions of applications. But as I said, it will depend on who and what will it be for.
Mass adoption though had always been the hardest part to accomplish, there will be those who will be against it and that never ends.

The technology we have today is far greater than the technology we have few years ago where we want a massive cryptocurrency adaptation to happen. Today, masses has several improved options to use to aid their financial system but we can see that it's not yet enough to gain the trust of the public. I think the public isn't satisfied with the current offering to switch or use cryptocurrency as their primary way to do finance but yes, cryptocurrency projects are striving to capture the heart of masses with their project offerings. Sooner or later, We should expect a one of a kind project that will capture the heart of the public.

jossiel

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Quote from: slashz9 on April 30, 2023, 12:27:38 AM

DeFi applications allow for financial transactions to occur without intermediaries like banks, which could reduce costs and increase accessibility for people who may not have access to traditional financial services. This could have a significant impact on how we handle money, particularly for those who are unbanked or underbanked.

And that's the typical feature of cryptocurrencies, you don't have to get into DeFi or so just for it because we can be our very own bank.

As for these DeFi, they can be alternative for those don't like banking services but there's also risk on it. If someone isn't aware of the risk with the DeFi's, I'm not telling this because I don't like them and I don't use them.

But because that's the reality that many of these DeFi apps have been compromised in the past.

uneng

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Quote from: cafter on April 05, 2023, 07:41:21 AM

as decentralized finance (DeFi) applications and non fungible tokens (NFTs) become more popular, will they change the way we handle money and own things,

or will they only be used by a small group of people(like now being used) ?

The point is, why are they becoming popular and for how long? If it's just a temporary hype based on speculation for short term gains, it's definitely not going to be widely adopted by a major group of people, going beyond crypto speculators. In other words: they aren't going to change the way people handle money, because people don't see practical benefit in doing this change.

If someday DeFi and NFTs are seen as essential methods to deal with money and goods by a large parcel of the global population, then we may see traditional financial means being replaced by DeFi. That is really unlikely, though, as we see human beings have a constant demand for centralization, for being ruled by a central authority. There isn't an urge for decentralization in our societies.

danherbias07

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There are actually different ways to handle money now. Some still use the old-school style and some do try the newly created applications.
Now, it's always up to who will use it. You cannot force something that ain't gonna be understood by the mass. If they prefer the traditional ways then they can stick with it.
If it's about the handling of the financial system then I do believe many things could be achieved faster and more accurately by adopting the new inventions of applications. But as I said, it will depend on who and what will it be for.
Mass adoption though had always been the hardest part to accomplish, there will be those who will be against it and that never ends.

slashz9

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DeFi applications allow for financial transactions to occur without intermediaries like banks, which could reduce costs and increase accessibility for people who may not have access to traditional financial services. This could have a significant impact on how we handle money, particularly for those who are unbanked or underbanked.

kelonmusk

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I think that as DeFi applications and NFTs become more mainstream, DeFi have the potential to change the way handle money and own things. Right now, it's true that they are being used primarily by a small group of people, but I believe that this will change as they become more accessible and user-friendly.

With DeFi applications, we are seeing a shift away from traditional financial systems and towards a more decentralized approach. This means that people can make transactions without the need for intermediaries like banks or financial institutions.

So, DeFi has the potential to make financial transactions faster, cheaper, and more secure. As more people begin to see the benefits of DeFi, I think you will see more widespread adoption of these applications.

For example, if you buy an NFT of a piece of digital art, you own the original, even if the image itself can be shared and viewed by others. With NFTs, people can own unique digital assets that cannot be replicated or duplicated.

so98nn

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That’s not gonna change anything as of now or in the future either. NFT, DeFi or anything after the bitcoin is just idea that is based on power of blockchain and its real world or virtual applications. It has observed that very small group actually participate in the newer project.

Imagine how high the NFT craze went up in the initial days when we first heard someone selling their digital art for millions of dollars which was one of the first NFT. However, after trend went viral more and more peeps jumped in and started new platforms here and there with thousands of NFT getting listed on them.

Now, if you check then it’s all boring same old thing which no one really talk about unless it’s something way unique and in the news. The gist fades away with the time for everything excluding Bitcoin, that’s King.

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Quote from: cafter on April 05, 2023, 07:41:21 AM

as decentralized finance (DeFi) applications and non fungible tokens (NFTs) become more popular, will they change the way we handle money and own things

Did the invention of Bitcoin change the way we deal with money and private things? Sadly not (so far at least), most people look at Bitcoin as a way to make money only.

I think it's the same for DeFi and non-fungible tokens (NFT).

AakZaki

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Quote from: Xal0lex on April 24, 2023, 01:14:01 PM

Are DeFi and NFT becoming more and more popular? I wonder if anyone can remind me of the last of the newly released high-profile projects from the DeFi or NFT category? I think those token categories lost their popularity a long time ago when the hype for those projects ended. Is NFT even of interest to anyone right now? Other than for speculation, does anyone buy these pictures? I have big doubts about the popularity of these tokens. Now the community is interested in the topic of artificial intelligence and various tokens-layers, 0, 2, etc.

The topic of artificial intelligence is very popular today, there are even some new coins appearing, but more precisely memecoin. The emergence of AI memecoins is currently making memecoins even more popular, even the increase can be up to thousands of percent in just a few hours.

In addition, the NFT market has also started to move again, but with some utility tokens. Currently $PEPE COIN (coin of the NFT PEPE) is popular and many have become suddenly rich with $PEPE COIN. just imagine, just buying $27 PEPE COIN in 4 days can get around $1 Million, it's very crazy and really hype right now.

https://twitter.com/DexGemsReal/status/1648575669641543681

yazher

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you have it the other way because they are just not gonna give up on making it more popular so that they can get some huge taxes out of it, the more centralized it gets, the more money they make. in the end, they will continue supporting it and they will go hostile against those altcoins that are gone beyond their jurisdictions and put some pressure on them so that they either give up their project or adopt what the government proposes to them.

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I can see the fact that the growth of DeFi and NFT depends on many different factors, including acceptance from traditional financial institutions, trust from users and tools. legally authorize the use and management of these transactions. Therefore, whether DeFi and NFT can change the way we handle money and own things is still an open question and needs time to monitor and evaluate. However, developing DeFi and NFT does not guarantee that they will be widely used or will change the way we handle money and own things. Currently, although DeFi and NFT have attracted a large number of developers and investors, they are still used by a small group of people.

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