Re:Blockfi agrees to pay $100M in penalties and pursue regis...
by babyshake on Monday February 14, 2022 @04:54PM
(#30338924)
Setting aside other ways crypto can and is being used, the most interesting thing about DeFi IMO is its compositional (and decompositional) nature. This mostly results in reinventing things that already existed in Wall St and other areas of the finance world, but are now available for anyone to use.
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Re:Blockfi agrees to pay $100M in penalties and pursue regis...
by bduerst on Monday February 14, 2022 @05:06PM
(#30339039)
Can you give specific examples of these 'things' though?
Re:Blockfi agrees to pay $100M in penalties and pursue regis...
by sailfast on Monday February 14, 2022 @05:27PM
(#30339263)
Becoming "your own" domain registrar without having to deal with ICANN was another interesting one to me (after checking into how all those .eth domains popped up).
It was exciting when I first looked at it and then I realized that this was actually not "democratizing" anything so much as ensuring a new class of folks would be able to create new centralized "everythings" in a new environment outside of the current system - without the benefit of the years of testing, regulation, and (sure) cruft that our current systems have because they're subject to political forces (which is actually a feature).
Maybe starting the wild west over again is a good thing? My money's on "not really" at the moment.