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by asenna
1884 days ago
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If you think the point of decentralized systems are to ONLY replicate Google / Apple / Spotify services but in a decentralized manner, then you're mistaken. When the internet came along, it wasn't to only replicate the Post-office or to just make mails faster. The internet enabled a lot of things you couldn't even predict at that time (or perhaps some could, if they truly understood the tech). There are lots of things that the blockchain enables that you just cannot do in the traditional world even today. Couple of examples: - You can use your tokens as collateral, borrow stablecoins and pay off your mortgage while the loan pays itself off from the interest being generated by the collateral - you do not have to pay back the loan => https://alchemix.fi/ - (Borrowed from another user in this thread) Flash loans provide the ability to atomicly borrow infinite money for the duration of a transaction, with no collateral or credit. This money can be used for arbitraging or just to provide working capital for a complex operation. If the loan isn't repaid by the end of the transaction, the whole transaction is cancelled. => https://www.youtube.com/watch?v=mCJUhnXQ76s There's clearly going to be a lot more use-cases in the future. Finance is only the first field which is getting explored at the moment. |
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