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Comment by chrisco255

Yes. Decentralized finance is coming and it's maybe the most important technology of the 21st century. If you want anything resembling autonomy and liberty in the future, and if you want to avoid ending up in a world straight out of a Black Mirror episode, I recommend supporting open-source monetary blockchain systems like Bitcoin and Ethereum. There will be an attempt at some point by governments to centralize blockchain technology. China is already doing this. Western societies should embrace freedom and openness in finance. Besides being aligned with our core principles, it's incredibly powerful, and it can power the capital infrastructure in very innovative ways if we let it.

To your point, cryptocurrency enables reconstructing the entire financial infrastructure on blockchain. Everything from car loans (https://twitter.com/DMMDAO) to rental real estate (https://twitter.com/RealTPlatform) to interest-bearing savings accounts (https://compound.finance/) to derivatives and trading (https://www.synthetix.io/), to decentralized storage (https://sia.tech/), etc. There's hundreds of projects I follow regularly and I find new ones cropping up all the time. There's a Cambrian explosion of apps in blockchain right now.

I recommend reading https://bankless.substack.com/ and https://thedefiant.substack.com/ to stay on top of the topic. Watch some of the presentations from ETHDenver 2020 that was held 2 months ago (https://www.youtube.com/channel/UCgz9NU06t_FkT0Py1Vadczw)

Follow some of the thought leaders on Twitter, et al. Tons of promise in this space.

parent chrisco255 6 years ago

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