4 ms·
One amazing outcome of the (currently expensive and unweildy) DeFi implementations, is that there is always a maker/taker available for every currency pair. Yo
by pjkundert 2y ago
One amazing outcome of the (currently expensive and unweildy) DeFi implementations, is that there is always a maker/taker available for every currency pair.
You can always exchange every cryptocurrency for every other cryptocurrency, 24/7, without having to ask any bankster or do-gooder bureaucrat for permission.
Once wealth-backed dynamic-issuance cryptocurrencies eliminate the need for any Fiat on- or off-ramps, the circuit will be closed -- nobody will ever have to ask a gate-keeper for permission to create wealth, monetize that wealth, or execute a mutually agreeable transaction with that money.
Nor will they be forced to use sub-standard money.
The existing power structures will be ... displeased.