4 ms·
Unfortunately, it does not. Likes of FTX and Binance was created in the first place because on chain transaction is slow and expensive, and people don't like sl
by polygamous_bat 4y ago
Unfortunately, it does not. Likes of FTX and Binance was created in the first place because on chain transaction is slow and expensive, and people don't like slow and expensive. Just because FTX blew up doesn't mean DeFi is at a better place than it was in the past.
"DeFi fixes this" is like saying "moving back to horse drawn carriages will solve drunk driving fatalities!" Maybe, but no one wants to deal with horse shit.
- zeroclip 4y agoThe lack of transparency in financial services - banks - was the whole reason Satoshi created Bitcoin. The people who choose to use FTX over a blockchain are either ignorant, not understanding their coins are insecure, or willing to take on additional risk to save a few dollars and trade a little faster. They are probably regretting it now that FTX is blowing up. And speed and costs are already a solved problem - see L2 rollups.