Ask HN: How aware are you about building decentralised software on blockchain?

Re:Ask HN: How aware are you about building decentralised so... by sprafa on Tuesday July 06, 2021 @12:33PM (#27750780)

For anyone who’s saying - where’s real world - real world exists in Decentralised Finance applications. You can now get a loan through DeFi - look into Compound, Balancer and Yield Finance.

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Re:Ask HN: How aware are you about building decentralised so... by BrissyCoder on Tuesday July 06, 2021 @09:16PM (#27756295)

Are you telling me I can get a loan - say for a car - using DeFi right now?

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Re:Ask HN: How aware are you about building decentralised so... by sprafa on Wednesday July 07, 2021 @05:27AM (#27759132)

not for anything specific, but you can get a loan of X amount of money for Y amount of collateral, yes.

You can do this using cryptocurrency that's being loaned out to you under the protocols of a decentralised application. No centralised control, everything is automatic, and there are no central servers - you can do all this just by running code as smart contracts on a blockchain.

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Re:Ask HN: How aware are you about building decentralised so... by BrissyCoder on Wednesday July 07, 2021 @07:35AM (#27759863)

Man... you have to be taking the p%$s for sure!?

And you mean "I can get a loan of X amount of money for X amount of collateral, yes."

What use is that to me!? Total horsesh*%t.

This whole thing is the biggest financial joke of our generation.

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