The current crop of DeFi projects have done their bit in spreading awareness about DeFi. I'm more interested in the new startups coming in. They're the ones with the real potential upend finance as we know it. I'm particularly into TakePile Protocol. One of the new projects with real utility. Eager to see how far they'll go over the next few months
Oh they are certainly attracted to USD, Euro or GBP. Ever heard of politicians? Measure #5: "centralization of credit in the hands of the state, by means of national bank with State capital and exclusive monopoly"
Have been read about this blockchain, much as eliminating real money, it won't work unless you can convince all stakeholders in economic to use the same payment method. In my country Indonesia, the bank industry said they will get rid of printed money, but think about how the poor people economic working, they don't have any bank account, circulated money is just below 1 USD per day, they don't know internet, don''t have smartphone or just phone, are we going to leave them back to barter system? How about the whole world?
Finance needs to be centralized to be efficient. Especially with regards to inflation of course. The fact that the Fed was so criticized for acting too late to refrain inflation proves how important centralization is in a monetary system...
Wow! Such a great video sir, this video has put me through on how to make money on DEFI and I appreciate that. I have actually been getting along with reef chain and this video has made me know much about defi. Reef Chain is an EVM compatible blockchain for DeFi, NFTs and Gaming.. Thanks ones again for the great video sir
I have to say this video is on point i am extremely involved in the web3.0 world and i have to say i didn't except this video to be so good so congrats 🙌 👏
The one thing the government hates most is competition. Expect strange hack attacks that get blamed on other countries that have fallen out of favor, lost data and money, and the government to step in with their CBDC, which is supposed to go live next year. They will be quick to cause the problem, blame it on others, and offer...I mean mandate...the solution while ensuring everyone it is for "safety", much like other recent "crises".
I thought of getting into blockchain and Defi but there is something that concern me. One, there is risk in the network used for Defi transaction, the data though encrypted but can be stolen. Second no liability or responsibility in event something goes wrong. Thirdly there is a gas amount you have to pay for a transaction and it's not standard but rather fluctuate with how busy the network is. Finally crypto mining uses lots of energy. A centralised system could function properly with less energy than that.
DeFi protocols are garnering traction in the world's economy as such I did a lil research and discovered this Gem "Gearbox" it is a generalized leverage protocol that allows user to take leverage in one place and then use it across various DeFi protocols and platforms in a composable and flexible way.. This Gem is listed on CEX like MEXC
Appreciate the detailed breakdown! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
The video is amazing! Apart from defi LSDefi, on the other hand, is taking the world by storm, and Ethena is one of the new projects working on it. The USDe stable coin is being introduced. What are your thoughts on this?
I bought a coffee and bacon eggg roll today from my cafe. It was $11.00. But I did tap and go with my debit card. The actualy bank chrage was 0.13 cents. So $11.13. These bank charges are no different from the gas fees of a block chain. But instead of going to the banks bottom line they go to the developers maintaining the chain and nodes and security. Eventually, when DEFI and Smart Contracts become fully emeshed. What wil happen is when I tap my crypto debit card. The $11.13 will still be deducted. But under the crypto hood, the smart contract will autimatically pay the suppliers of the goods for the cafe, the wages, the rent, the mortgage, the insurance and so on. All with their own littel gas fee. But never tonce touching the grubby greedy hands of a centralised banking system.
Keeping other people’s flaws in mind is like keeping a bowl of foul-smelling food they have given you; it contaminates your heart, leaving no room for positive thoughts.
You make wonderful videos! 👏 I’ve got a question: 🤨 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
I need to be more safe and more secure in order to prevent scams, which is why I'm focused on DeFi. I'm hoping Humanode launches early this year so I won't encounter scammers.
The video is incredible! In contrast to defi, LSDefi is sweeping the globe, and Ethena is one of the new projects working on it. The stable coin USDe is under development,What do you think of it?
I believe Defi is gonna be the future of Finance, but investing in the right team and Defi matters a lot considering recent hacks that have been happening a lot of money lost, at the moment the only Defi project I’m invested in is $GHNY, the team seems more transparent than others
Decentralization improves the efficiency of our financial systems. When I think of efficiency, the first thing that comes to mind is LeverFi. This Leveraged Trading Platform allows traders to use leverage to both long and short assets, allowing them to successfully optimize their opportunities in a sideways market. ✨
Such a myth for: 1) crypto is supposed to add value as long as networks develop, and 2) centralized monetary systems requiere an insurance provided by a lender of last resort, so a riskier segment of the finance industry, requires even more this insurance. At the end of the day, everything is a financial market with systemic risks embedded, so the coined term DeFi is useless and more a myth than anything useful.
imagine a world where you could make linux distros: wait it already exists. bow understand this: no community powered project has ever been a serious contender, let alone tasted success. so all crypto including defi is just one big time waste (not unlike linux distros) wait for the main banks (or ms apple equivalents) to roll out their stuff and charge tooth and nail for it
Defi will soon be dead. Everyone knows about defi now and yet people have sold by the billions. The market has made itself clear, they choose centralized currencies over defi ronin currencies.
The case for Defi has not been vetted. What are you trying to replace? Transplanting a completely non transparent system for a mostly transparent and secure system is madness. And has no value
A lot of people are going to lose money before things get better in DeFi. It is the wild west. That said, I have high hopes for smart contracts.
Collateral damage!
absolutely
Only if you don't know what you're doing
im impressed that the presenter wore the same shirt, even though it obvious took many days to shoot this
Continuity is everything.
@@CNBCi just like a blockchain
Love it,from Portugal 🇵🇹🇵🇹🇵🇹
Joke’s on you: he bought 5 of the same shirt.
@@Pastorallenigma 😄
The fact that the DeFi community has made it to a CNBC video is a sign of the times. let's see how things playo ut amidst the 2023 recession.
DeFi is a mere current sensation, 10 years down the line, it’ll cease to exist,atleast the way we know it. No government will allow this.
I see RED
@AggressiveProgressive lmao, help me, i'm thirsty.
The current crop of DeFi projects have done their bit in spreading awareness about DeFi. I'm more interested in the new startups coming in. They're the ones with the real potential upend finance as we know it. I'm particularly into TakePile Protocol. One of the new projects with real utility. Eager to see how far they'll go over the next few months
Look into ArkFi great protocol
Is not like criminals aren't attracted to the US Dollar or Euro or GBP.
Oh they are certainly attracted to USD, Euro or GBP.
Ever heard of politicians?
Measure #5: "centralization of credit in the hands of the state, by means of national bank with State capital and exclusive monopoly"
If a video or articles title is a question it’s almost always “no”
AAVE is the future
Appreciating way of presenting. 👍👍👍👍
Have been read about this blockchain, much as eliminating real money, it won't work unless you can convince all stakeholders in economic to use the same payment method. In my country Indonesia, the bank industry said they will get rid of printed money, but think about how the poor people economic working, they don't have any bank account, circulated money is just below 1 USD per day, they don't know internet, don''t have smartphone or just phone, are we going to leave them back to barter system? How about the whole world?
Finance needs to be centralized to be efficient. Especially with regards to inflation of course. The fact that the Fed was so criticized for acting too late to refrain inflation proves how important centralization is in a monetary system...
Centralisation and efficiency in the same sentence?
Wow! Such a great video sir, this video has put me through on how to make money on DEFI and I appreciate that. I have actually been getting along with reef chain and this video has made me know much about defi. Reef Chain is an EVM compatible blockchain for DeFi, NFTs and Gaming.. Thanks ones again for the great video sir
Here from Kashmir India
I have to say this video is on point i am extremely involved in the web3.0 world and i have to say i didn't except this video to be so good so congrats 🙌 👏
Nice video
People,5 years ago also believed that crypto will end stock trading and sovereign currencies, they’re nowhere to be seen
REN never hacked, still going strong!
simple and informative thanks
The one thing the government hates most is competition. Expect strange hack attacks that get blamed on other countries that have fallen out of favor, lost data and money, and the government to step in with their CBDC, which is supposed to go live next year. They will be quick to cause the problem, blame it on others, and offer...I mean mandate...the solution while ensuring everyone it is for "safety", much like other recent "crises".
Well well well. . . FTX has entered the chat
@@YasukeNakamoto Funny how things age so quickly
I thought of getting into blockchain and Defi but there is something that concern me. One, there is risk in the network used for Defi transaction, the data though encrypted but can be stolen. Second no liability or responsibility in event something goes wrong. Thirdly there is a gas amount you have to pay for a transaction and it's not standard but rather fluctuate with how busy the network is. Finally crypto mining uses lots of energy. A centralised system could function properly with less energy than that.
Pos>Pow
DeFi protocols are garnering traction in the world's economy as such I did a lil research and discovered this Gem "Gearbox" it is a generalized leverage protocol that allows user to take leverage in one place and then use it across various DeFi protocols and platforms in a composable and flexible way.. This Gem is listed on CEX like MEXC
DeFi, Decentralized Finance..
and there's DeRob, Decentralized Robbery.. (Nomad Bridge)
Lol not the tumbleweeds rolling by at 4:31 😂
Sohaib Barakat from Egypt
Appreciate the detailed breakdown! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
settlement of transactions in defi could be done quick and cheap with xrp, like the flare network (defi)
new money explained quickly
The video is amazing! Apart from defi LSDefi, on the other hand, is taking the world by storm, and Ethena is one of the new projects working on it. The USDe stable coin is being introduced. What are your thoughts on this?
I bought a coffee and bacon eggg roll today from my cafe. It was $11.00. But I did tap and go with my debit card. The actualy bank chrage was 0.13 cents. So $11.13. These bank charges are no different from the gas fees of a block chain. But instead of going to the banks bottom line they go to the developers maintaining the chain and nodes and security.
Eventually, when DEFI and Smart Contracts become fully emeshed. What wil happen is when I tap my crypto debit card. The $11.13 will still be deducted. But under the crypto hood, the smart contract will autimatically pay the suppliers of the goods for the cafe, the wages, the rent, the mortgage, the insurance and so on. All with their own littel gas fee.
But never tonce touching the grubby greedy hands of a centralised banking system.
Keeping other people’s flaws in mind is
like keeping a bowl of foul-smelling food
they have given you;
it contaminates your heart,
leaving no room for positive thoughts.
You make wonderful videos! 👏 I’ve got a question: 🤨 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
Yes DeFi Make Everybody Happy
I liked it, thanks
Should I worry because I have only two stock and both are banks stock.
decent, balanced piece. gj mate
I'm surprised they haven't removed this video yet
DANG Criminals!
I need to be more safe and more secure in order to prevent scams, which is why I'm focused on DeFi. I'm hoping Humanode launches early this year so I won't encounter scammers.
it will be great if you put this video or audio to Spotify for a audio
👍👍❤❤👌👌
AAVE, COMP, INJ
Verus DeFi
my questions have been answered
The video is incredible! In contrast to defi, LSDefi is sweeping the globe, and Ethena is one of the new projects working on it. The stable coin USDe is under development,What do you think of it?
I believe Defi is gonna be the future of Finance, but investing in the right team and Defi matters a lot considering recent hacks that have been happening a lot of money lost, at the moment the only Defi project I’m invested in is $GHNY, the team seems more transparent than others
They said the same thing as bitcoin years ago.
this aged badly
just accept india's upi network and enjoy . Its the power of simple effective and asset light modelling at its work.
Max was here
Great to see kids being anchors and reporters today instead of playing with their PlayStation and in the ground.
Decentralization improves the efficiency of our financial systems. When I think of efficiency, the first thing that comes to mind is LeverFi. This Leveraged Trading Platform allows traders to use leverage to both long and short assets, allowing them to successfully optimize their opportunities in a sideways market. ✨
GBANK APY (GBK) DEFI 100x soon
It would be used by criminals. Just like other fintech like services.
why is defi have to be crypto when crypto is highly volatile?
Drip Network is king of Defi for now.
Such a myth for: 1) crypto is supposed to add value as long as networks develop, and 2) centralized monetary systems requiere an insurance provided by a lender of last resort, so a riskier segment of the finance industry, requires even more this insurance. At the end of the day, everything is a financial market with systemic risks embedded, so the coined term DeFi is useless and more a myth than anything useful.
Terrado share fund ??? Trillions
It's a new ecosystem
There will be losers
Duh people
crypto easily explained
You didn't speak to any engineers.
imagine a world where you could make linux distros: wait it already exists. bow understand this: no community powered project has ever been a serious contender, let alone tasted success. so all crypto including defi is just one big time waste (not unlike linux distros) wait for the main banks (or ms apple equivalents) to roll out their stuff and charge tooth and nail for it
That very last sentence 🤯
I have only 1 problem: If I lose the password to my account, who should I enquire? It's decentralized, isn't it?
You should ask the better version of you who wouldn't lose it.
Lmao
،ه
Crypto ok.....
Moving on so it won't replace banks waste of time video
Defi will soon be dead. Everyone knows about defi now and yet people have sold by the billions. The market has made itself clear, they choose centralized currencies over defi ronin currencies.
The case for Defi has not been vetted. What are you trying to replace? Transplanting a completely non transparent system for a mostly transparent and secure system is madness. And has no value
🇧🇷🇧🇷Deus pátria família liberdade.
Bolsonaro o melhor presidente do Brasil e do mundo inteiro!
Trump2024
No, next
What happens to the blockchain if another x-class solar flare strikes the earth?
Why bitboy say that Sam trying to rid of defi? True or not?
this is the money of the future
📖