RE: DeFi And Crypto Are Starting To Take Over
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This is a real use case and why it will explode even more. I read somewhere that an Australian chap changed his mortgage and is using defi to finance his house purchase. Many more will follow suit taking banks out of the equation and who knows how big this defi thing can become. 10 x or 100 x is very possible.
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I am not sure how advanced that network is at this point but I can see DeFi being used to finance things such as real estate. I dont know what infrastructure is in place but it will most certainly be there.
The same with car loans and other forms of debt.
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Anything that it can be leveraged against debt and lending as this is the new way forward. Looking forward when we have our own internal defi on Leofinance without the gas fees of Ethereum.
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Defi is a printing press, it will get completely out of hand like Bitconnect did. I fear the government will step in eventually because there are major risks involved and people are just going to go ape with it. The good thing is this bubble is just going to inflate so crazy.
Yes it does seem like a bubble and we all know bubbles do pop when they get too big. The defi thing came from nowhere and has transformed crypto speeding up the process of mainstream which is something to be thankful for. Like you I do believe the Government will step in as the risks will increase the bigger it becomes.
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