[hahaxdxd123]

Come on man, this is a bad faith argument.

Show me a smart contract that can issue an undercollateralized loan. Turns out that takes manpower, time, and energy to underwrite this stuff.

[Waterluvian]

Banks are also far more competent at being financially efficient. It’s kind of their thing.

This sounds like the typical, “other industry is run by dumb people. They need us tech devs to come civilize them.”

[losermode]

coming soon https://blog.chain.link/undercollateralized-lending-teller-d...

[TGIF]

Flash loans happen all day every day for millions of dolllars with zero collateral