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A comment on Ask HN: How aware are you about building decentralised software on blockchain?. Parent comment

Re:Ask HN: How aware are you about building decentralised so... by danpalmer on Tuesday July 06, 2021 @12:52PM (#27751119)
There are many loan providers who will pay out within a day, my bank will give me a loan via their app in 2 minutes and receive the money not long afterwards, and I don't need to understand what a wallet is or which ones are safe to use or how to use them safely, etc.

There's nothing about regular banking that prevents this, or anything about DeFi that is required to make it happen.

I think you're mistaking the fact that DeFi is a hub of great innovation for DeFi itself being the great innovation.

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Re:Ask HN: How aware are you about building decentralised so... by sprafa on Tuesday July 06, 2021 @01:21PM (#27751553)
You are extrapolating your situation > global situation. Millions if not billions of people don't have access to the credit opportunities you describe. Certainly I don't, living in the country in europe I live in.
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Re:Ask HN: How aware are you about building decentralised so... by danpalmer on Wednesday July 07, 2021 @05:51AM (#27759275)
That is absolutely true, but the fact it is possible in some places does lead me to believe this is not a benefit of DeFi, but a benefit of well developed banking infrastructure.

DeFi might be able to provide this, but we don't need DeFi to get it.

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