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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@9FLHXZV2yrs2Y
I don't understand what it's asking.
@B779HR33wks3W
I feel there should be certain things. because some people may not be able to do everything they do.
@B6VZLP81mo1MO
Absolutely not. We do not have regulators or protections in place. Most experts on decentralized currencies seem to be con artists. The technology is too new for our politicians to understand the implications of their actions.
@B4DLB9P6mos6MO
I support a centralized Internet, but if we want to centralize it, we have to take into account the interests of each company and require more mediation.
@B22L9XD10mos10MO
It could work, but most definitely right now at the peak of cyber crime. The security would need to be top tier.
@9ZC3ZHCIndependent11mos11MO
I don't believe we understand decentralized currencies enough to make such a wide sweeping judgment about it right off the bat.
@9Y4RKMN11mos11MO
No, because it has yet to have been demonstrated that a 'decentralized' banking system can be anywhere near as safe, secure and by-the-people-for-the-people as smaller, non-multinational/non-corporate community banks.
@9WGXMP312mos12MO
I do not understand the question and am not able to give my opinion on something I know nothing about.
@9VQ29XVIndependent12mos12MO
I sort of do. It would be nice to have nobody running it so it would be fair but if its not ran by anyone who knows what it could do.
@9SX97LBRepublican1yr1Y
This is dumb, corporations are business and if we make a different market they will rise within that. That has too many chances of loopholes to even be waisted on.
@9NKVSCT1yr1Y
I’d have to do more research on the topic, but it shouldn’t be controlled by any corporation anyways and should be more transparent, affordable, and have equal access to financial services
@9M5KQF71yr1Y
It is a general term that encompasses the part of the crypto universe dedicated to building a new financial system.
I don't think the government should be involved with the control of the internet unless it is to make sure nothing illegal is happening
@9KSDZ9Z 2yrs2Y
Yes, for banking systems, yet leave investors and other risk-taking corporations separate from the decentralized protocol.
@9HH8FQT2yrs2Y
No. While it does provide transparency of transactions through blockchain, it is not a stable enough system to sustain a large economy such as the United States.
@9GS9NLQIndependent2yrs2Y
I do not believe people would benefit from a decentralized system at this time, perhaps in future when the concept is more sound, understood, and more prevalently accepted.
@9DQKBWL2yrs2Y
I don't have a stance on this subject.
@9DQFF9X2yrs2Y
No, we lose the power of fiat
@9DKVM832yrs2Y
a deconstruction of our captilist society is required to properly implement decentralized finance. as it stands we dont have any way to allow for a system like this
I don't have much information on this topic
@9F477G42yrs2Y
either way, someone has control of your information
@9D5RY8R2yrs2Y
Yes, but only if the decentralized protocol could not be manipulated by any person, group, or government agency and that it would be completely transparent to the public.
@96PYRC63yrs3Y
There should be more business integrity implemented.
@969NQF43yrs3Y
Would need to read more on the matter.
@95PMTJ63yrs3Y
No it’s also stupid, dumb and harmful to the environment just like cryptocurrency
@92K2XL93yrs3Y
Tough loaded question. Many variables.
@8ZVBTF54yrs4Y
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.
People should have the choice between decentralized and institutional finance.
@8ZPK75S4yrs4Y
Abolish the monopoly on money.
@9CLVZ79Republican2yrs2Y
Keep the friggin govt out people lives
@9CL5TBT2yrs2Y
Yes, but I would prefer if the protocol was created and secured by the private sector instead of a decentralized protocol.
@9CJ3RTG2yrs2Y
No opinion on this issue
I don’t understand the question.
@96XQ47G3yrs3Y
No, and I don't believe that anyone that creates the platform truly understands Finance
@9C5MPVN2yrs2Y
whatever is best for the leader and the nation
@9BTYC6L2yrs2Y
Maybe, it is certainly something states can try at first before being a national standard
@9C6N4NX2yrs2Y
It depends on the situation the great leader will be facing at the time.
@9C5QG922yrs2Y
as long as its the best interest of the presidents career and future of the nation.
@9TF7HFW1yr1Y
This question also has far too many complexities to give a simple yes or no answer. There are far too many underlying concerns that must be addressed before one can even begin to fathom thinking of this question. Decentralization is a great idea, on paper, however without all of the details being completely hashed out and policies that derive from those details being reinforced to ensure there is no manipulation, we cannot begin to dwell on the answer for this question.
@9KJZPJW2yrs2Y
It can go both ways, I think if it is something under a company and for safety purposes, then the government can be involved, but if it is for personal purposes, then the government should NOT have their nose in it.
@9HLR9KH 2yrs2Y
No we shouldn't use this because we are putting more and more trust in technology which means less human interaction then leads to more societal issues.
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