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> I have yet to meet someone that says this who has foreseen the implications of defi. Can you give a use case that isn’t intra crypto speculation? That seems
by graeme 6y ago
> I have yet to meet someone that says this who has foreseen the implications of defi.
Can you give a use case that isn’t intra crypto speculation? That seems to be what Defi consists of at present.
Ultimately finance serves to help with capital allocation and production in the real economy. So: is Defi helping the real economy do things it couldn’t do before? Or, is there a plausible use case for this in formation?
Please be specific. A lot of people seem enthused by this, but no one has been able to explain it in a way that shows the use.
- tim333 6y agoNot sure if this counts or not. I've got a friend who bought ETH which went up, borrows USDC against it which then swap for fiat money, which he's then investing in a music/bar business. Similar to buy a house, it goes up, mortgage it to invest in business.
- tarsinge 6y agoOracles bring the possibility to interface with the real world. For example to track underlying assets like equities, oil, gold... You can these use DeFi services like borrowing with that asset portfolio.
- graeme 6y agoThanks, just looked into Chainlink. That actually looks interesting. Is it being used for any real world applications yet?