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Right, but you answered your own question. Sure you can lend other people crypto so they can gamble with it. It is all a pump and dump scheme. People aren't bor
by snarf21 5y ago
Right, but you answered your own question. Sure you can lend other people crypto so they can gamble with it. It is all a pump and dump scheme. People aren't borrowing crypto on DeFi to buy a car or house. Crypto isn't practical money. I also don't think that layer 2 or other off-chain will be able to solve it. This is just "money" that is controlled by someone, just not a specific government. As soon as the government makes it illegal, almost all of it will go to zero.
- G3rn0ti 5y agoWell you find DeFi laughable. Ok. You know what was called laughable in the nineties? Ordering Pizza over the Internet. It didn’t go over night but today almost everybody is ordering pizza over the internet. Maybe Defi will take over finance in 20 years from now. Maybe it won’t. But I would be careful to dismiss any young and promising technology w/o throughly understanding it.