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@ISIDEWITHQuestionseconomyStarted 4yrs agoActive 2hrs ago

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

Decentralized Finance (commonly referred to as DeFi) is a blockchain based and cryptographically secure form of finance. Inspired after the financial crisis of 2008, DeFi does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to verify any transfer of ownership, lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against…  

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1273 Replies

 @9F9JZ3JDemocrat from Florida  answered…2yrs2Y

im confused

 @7PTCG38Democrat from Wisconsin  answered…3yrs3Y

No, the anonymity of decentralized protocols make it easier for criminal financial activity to occur

 @9TMCTQ2 from Illinois  answered…1yr1Y

“Decentralization” means nothing if it’s not democratic. So somewhere between “truly decentralized” and “government agency.”

 @9S8DSPX from Georgia  answered…1yr1Y

This is a very poorly defined question as the US financial system is incredibly complex and cannot be simply "decentralized"

 @9JPM35L from Wisconsin  answered…2yrs2Y

Yes, as long as there is proper safe guards to ensure that no one entity becomes too powerful, and if so make sure there is power to take them out of power.

 @9GJYWQNDemocrat from Florida  answered…2yrs2Y

I do not understand what the question is asking me and do not have the time right now to look up an explanation, I'll do that later.

 @9D7QXM9Socialist from Washington  answered…2yrs2Y

The financial system is corrupt

 @9FG34SPDemocrat from Texas  answered…2yrs2Y

I literally don't get this

 @9DZ2V8YSocialist from Pennsylvania  answered…2yrs2Y

We should do away with capitalism entirely.

 @9F8MGYB from Mississippi  answered…2yrs2Y

No, I do not think that evolving capitalism to the digital age is a good idea.

 @7PTCG38Democrat  from Wisconsin  answered…2yrs2Y

No, the anonymity of decentralized protocols for criminal financial activity to occur

 @8WG3HQL from Oregon  answered…4yrs4Y

Neutral no opinion.

 @95FSSL5 from Washington  answered…3yrs3Y

I believe it should be decentralized, however in todays society it is impossible to form as capitalism is the best form of government that has worked.

 @8ZVBTF5 from North Carolina  answered…4yrs4Y

Honestly, I'm not quite familiar with decentralized currency, but I do know that crypto and NFT's need to be heavily regulated to prevent fraud.

 @GennaHahn from Delaware  answered…4yrs4Y

This is too heady for me.

 @9CT2RNQ from Pennsylvania  answered…2yrs2Y

I need to learn more about this before I can make an opinion on it.

 @9CGN6XY from Indiana  answered…2yrs2Y

I don't understand this concept, so I don't think I should have an opinion on it.

 @9CFNGKL from California  answered…2yrs2Y

I don't understand the topic enough to create an opinion.

 @9C9CFSKDemocrat from Minnesota  answered…2yrs2Y

I don't t really know what this question is asking.

 @9C2K76VSocialist from Illinois  answered…2yrs2Y

Very interesting thought but not yet. Everything’s far too unstable for a change like that.

 @9BT3TXNGreen from New York  answered…2yrs2Y

Maybe, but I don't understand the concept well enough to make a definitive statement

 @96XQ47G from North Carolina  answered…3yrs3Y

No, and I don't believe that anyone that creates the platform truly understands Finance

 @6LD9R27Socialistfrom Massachusetts  answered…3yrs3Y

No, and nationalize our financial system

 @naomioniSocialist from California  answered…3yrs3Y

No, they should become government utilities and services.

 @8WGKB49 from California  answered…4yrs4Y

These things should be abolished

 @7PTCG38Democrat from Wisconsin  answered…4yrs4Y

No, this will both encourage and increase the risks of criminal financial activity

 @7PTCG38Democrat from Wisconsin  answered…4yrs4Y

No, the anonymity of decentralized protocols greatly increases the chances of criminal financial activity

 @7PTCG38Democrat from Wisconsin  answered…3yrs3Y

No, this would substantially increase the risk of financial criminal activity

 @57ZY5FNanswered…3yrs3Y

The government should have its own set of financial institutions that compete in the Free Market.

 @7PTCG38Democrat from Wisconsin  answered…4yrs4Y

No, the anonymity of decentralized protocols increases the risk of criminal financial activity

 @7PTCG38Democrat from Wisconsin  answered…4yrs4Y

No, this will both encourage and increase the risks of criminal activity

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 @ISIDEWITH submitted…11mos11MO

Trump’s Doom vs. Harris’s Hope as America Decides Its Fate

Donald J. Trump and Kamala Harris closed out their campaigns in the final hours before Election Day in starkly different moods: The former president, often appearing drained at arenas that were not filled, claimed that the country was on the brink of ruin, while the vice president promised a more united future as energized supporters chanted alongside her, “We’re not going back.”In stop after stop, the presidential rivals essentially offered up two competing versions of reality on Monday and into early Tuesday. Mr. Trump repeatedly raised the specter of unchecked immigration and the dangers of Democratic policies as he spoke to crowds in North Carolina and Pennsylvania before closing with a midnight rally in Michigan.With a comparatively more optimistic message, Ms. Harris crisscrossed Pennsylvania, which holds 19 electoral votes that could decide the race. Stopping in Scranton, Allentown and Pittsburgh before a nighttime rally in Philadelphia, Ms. Harris talked about bolstering the economy and restoring federal abortion rights. She asserted that Americans were “exhausted” and ready to move on from the politics of the past decade.About 30 miles to the southwest, Mr. Trump was in Reading, Pa., broadly portraying undocumented immigrants as mentally ill criminals and calling those accused of crimes “savages” and “animals.”Both leaned on Hispanic supporters as they tried to rally Latino voters. The pro-Harris rapper Fat Joe, who is Puerto Rican, practically shamed his fellow Latinos in Allentown as he asked, “Where’s your pride?” Mr. Trump, still facing fallout from his rally in New York at which a comedian called Puerto Rico a “floating island of garbage,” brought Roberto Clemente Jr., the son of the Puerto Rican baseball legend, to the stage at a rally in Pittsburgh.But Mr. Trump, reaching the end of a grueling marathon of a campaign that began in 2022, looked visibly weary, battling fatigue in front of listless crowds, though he was relatively more upbeat and energized in Michigan. Ms. Harris, still appearing fresh after a three-month sprint, appealed for unity and pressed the contrast to her rival without uttering his name.“The measure of a true leader is based not on who you beat down,” she said. “It is based on who you lift up.”Despite the sharply different tones, polls suggest the race remains tight, with the final New York Times/Siena College surveys showing the candidates tied or holding only narrow leads in all of the seven battleground states.

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