To facilitate the explanation, I said that DEFI is the same as leaving gold in a bank but digitized that nobody controls it. It is like trusting cash to a bank that nobody controls, something that does not exist in the world, trusting the coins I have, entrust them to a coin bank and share the profits. I told you that the 10% to 20% annual interest rate is fun. I am not saving money now. If the bank has all of the loan proceeds to deposit, these blockchain banks share it with the holders. Actually, there is no annual interest without first taking inflation into account. What was difficult to convince here was how to believe in the coin bank. Coin banks registered on the blockchain operate as define in advance, so even creators cannot withdraw money at will. So far, if I regret not having bought land, not having bought a house, not having bought shares and not having bought coins, I have come to to think that I may regret not having put money in defi. It seems that defi should be more mature. There may be a defi made after thinking about getting rid of it from the beginning. The code audit may not be perfect. I think there will be more defis verified in the future. Looking at Uniswap alone, it wasn't created by a big company, but is it a huge amount of money? I think this is a blockchain and it is due to smart contracts. In the future, I think it will be natural to put money in defi (coin bank) like saving money in a bank without the government. or a central bank controlling or manipulating it, that's the appeal of the blockchain.
How to teach DEFI to my grandmother
By Alexcryptotrader | Criptoeconomia-bitcoin-y-criptomonedas | 28 Jan 2021
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