/biz/ - Business & Finance

File: 17 KB, 300x400, 1586700355107.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Wed Jul 29 13:00:21 2020 No.20805183 [Reply] [Original]

Redpill me on DeFi

>>	Anonymous Wed Jul 29 13:01:03 2020 No.20805200 >>20805183 Man destroy Monke create

>>	Anonymous Wed Jul 29 13:07:13 2020 No.20805390 File: 655 KB, 1702x835, 1591311492896.png [View same] [iqdb] [saucenao] [google] >>20805183 Like regular finance but decentralized. Your welcome

Anonymous Wed Jul 29 13:24:49 2020 No.20805834

For millennia finance has been the provenance of only the most elite and well connected. To this day, an unaccountable organization called the Federal Reserve can boop beep boop a few buttons and JP morgan gets billions of dollars. JP morgan then lends out that free money to others at zero risk and earns millions in fees which they give in bonuses to themselves. No one who works there has any talent, it's just connections and where you went to school and what lizard your daddy blew when he was initiated into the inner sanctum of free money.

Defi exists at the intersection of cryptography, finance, peer-to-peer networks, and greatest invention the world has seen in regards to the financial system - blockchain and smart contracts. As it inevitably grows to take over the international financial system, and people switch to it voluntarily as fiat currencies go to zero and they stop paying their taxes by hiding their financial history with perfect security, the existing world order will collapse and you will emerge on top of the New World Order. You get it yet anon?

>>	Anonymous Wed Jul 29 13:25:29 2020 No.20805852 >>20805183 it's the hot new scam

>>	Anonymous Wed Jul 29 13:26:42 2020 No.20805896 gambling with extra steps and extra scamming

Anonymous Wed Jul 29 13:28:49 2020 No.20805958

>>20805183
just a scam bubble. a lot of "DeFi" is just a rebrand of 2017 ICOs and VCs dumping their bags on retards.
It's not even decentralized. Way too many attack vectors with smart contracts. Borrowing and lending doesn't need to be decentralized for now anyway. It's just a big stupid bubble that will pop.
They are basically rebuilding all the shit finance does in legacy markets but on the blockchain, with all the associated risks.

>>	Anonymous Wed Jul 29 13:28:54 2020 No.20805959 >>20805896 ngmi

>>	Anonymous Wed Jul 29 13:29:36 2020 No.20805981 >>20805390 Except not actually decentralized.

>>	Anonymous Wed Jul 29 13:38:22 2020 No.20806237 >>20805183 MONKE

>>	Anonymous Wed Jul 29 13:39:54 2020 No.20806290 File: 9 KB, 183x232, nervmerch.png [View same] [iqdb] [saucenao] [google] >>20805834

>>	Anonymous Wed Jul 29 14:02:19 2020 No.20806947 >>20805958 >just a scam bubble. a lot of "DeFi" is just a rebrand of 2017 ICOs and VCs dumping their bags on retards. Yea that's what i suspected. I just can't put my finger on a good short target

>>	MKR Wed Jul 29 14:20:42 2020 No.20807454 Coinbase is going to drive demand for DAI up with their savings account, and thus $MKR will moon

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]