I found this article in Forbes over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi?
If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites. The process of DEFI is to transfer the traditional finance to the decentralized nature of blockchain which is DEFI. Where in all of the people without any sort of requirements can participate in lending, borrowing, savings, insurance, etc. Unlike traditional finance, that the participants are limited only for those who are qualified. Defi is still on the experimental stage, so it's still risky. But I believed there's a potential for this protocol to disrupt the financial industry. Bitcoin is your own bank, while defi will give you access to your bank in a permissionless and decentralized manner.