Post
Topic
Board Economics
Re: Is DeFi really a threat to centralized finance?
by
lixer
on 27/10/2020, 19:03:12 UTC
Companies do not call themselves cefi, cefi is just the "standard" regular thing, there is no name for it, there is a name for defi because it is not the standard regular thing which is why people put a name on it but that's it. I believe there is a big difference between regular and irregular in the bad sense but there is one in good sense as well.

Don't you believe that "irregular" could also mean anything that is a new invention? Ford for example famously said "if I asked people what they wanted, they would have said faster horses" and that is what defi could be, or may not be at all humanity is filled with failed inventions, there is a million failed attempt for every good one.

Defi is something we are trying right now, trying to get our own economy in our hands and if we can achieve it, it would be world changing, if not it would be just a failed attempt.