/biz/ - Business & Finance

>>28912024
>Thank you for having me, good to be here. So centralized finance is what we do right now, its where an intermediary like Robinhood can control peoples assets, take their data, shift profits away from them to take fees and basically expose them to various risks that they’re not even aware that they’re exposed to. So that’s the current centralized finance model we have today. Decentralized finance is a model without an intermediary where a user controls their own assets, doesn’t have to pay extra fees and is able to transparently see and control the risks they’re exposed to. This is all thanks to blockchain technology and you know, many people believe its the future of finance, as various intermediaries in the centralized financial system continue to fail.