3 ms·
> defi is not far from replacing your consumer bank Where "not far" you mean "as far as it is from Mercury to Pluto", then yes, not that far. Easy question to
by dmitriid 5y ago
> defi is not far from replacing your consumer bank
Where "not far" you mean "as far as it is from Mercury to Pluto", then yes, not that far.
Easy question to gauge distance: how does defi handle refunds and enforcement?
- dustingetz 5y agoI don't have a refund or scam problem, what is enforcement? I think this approach would work for me right now! The only remaining issue is if I can get a mortgage – but I already have one. Everything else (like cars) I can purchase outright
- Tenoke 5y agoIt differs from project to project. If you and your users want refunds or a specific type of enforcement there's nothing stopping you from writing the relevant logic in your smart contracts.
- sanderjd 5y agoYep. I really think more usage of escrow type solutions will be an important next step for this to go mainstream.