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A comment on Why blockchain is not yet working (2018). Parent comment

Re:Why blockchain is not yet working (2018) by BlackInkstoan on Sunday February 14, 2021 @02:59PM (#26135676)
DEXs and PLFs still lack integration into the traditional finance infrastructure. Outside of escrowed p2p sales of cryptocurrency, centralized exchanges are the only FIAT on and off ramps.

If stablecoins, custodial or noncustodial gain widespread adoption, DeFi will remain as a niche for hardcore crypto fans.

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Re:Why blockchain is not yet working (2018) by selestify on Sunday February 14, 2021 @03:23PM (#26135899)
> If stablecoins, custodial or noncustodial gain widespread adoption, DeFi will remain as a niche for hardcore crypto fans.

Why? It seems the exact opposite to be — if stablecoins gain widespread adoption, there will be a lot more exposure to DeFi because you have stablecoins already and can directly partake in DeFi.

Right now the biggest hurdle is fiat -> crypto conversions and back, stablecoin or not. If you already have stablecoin because it’s widely used, then that won’t be a problem anymore.

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Re:Why blockchain is not yet working (2018) by BlackInkstoan on Sunday February 14, 2021 @09:30PM (#26138408)
I ought to proofread my comments before submitting, apologies.

Unless stablecoins, custodial or noncustodial, gain widespread adoption, DeFi will remain as a niche for hardcore crypto fans.*

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