Is DeFi really a threat to centralized finance?

[jaberwock]

Why do people always need to have that "stick it to the man!" mindset? I understand that rich people are rich and while we have under 1% that is considered rich enough to not care about money anymore, while there are 50% who are living in or near the starvation levels and only a few that lives a "decent" at best life pay check to pay check that could become starvation if boss fires you.

These are all valid facts that could make us angry against the whales of the world, however how about we elevate everyone without drowning anyone else? Let centralized finance be centralized finance, do not disturb them, do not be against them, let them grow as big as they can, but meanwhile, make defi as big as defi can get as well, make it huge and even bigger than defi but keep cefi alive and huge as well, we can coexist.

[Patmille]

i think no. you see the defi mask is slowly unveiling, that its starting to be just another playground for shillers, market manipulators and scammers. you need to do an extensive research before investing your money. centralized finance is more secure and trustful imo.

[kaseygriffin]

The you think defi a a threat to the future of centralized finance? What's your opinion?

I don't think it will be at a dangerous level here, because defi or competition will give the existing centralized market a look at how it works and to refine the very system that works today, I know see how people expect defi but the process of change will never be easy because if the existing centralized financial barriers would be solved in some way then we would there is nothing left to compete with here.

[onecall123]

DeFi seems to be a thing people like, actually people starting to love those are giving him profit. DeFi hype attract people for some time but that doesn't mean it makes a big threat to centralized finance. Both have priority on their fileds, Centralized Finance is still leading the charge and will be.

[maldini]

DeFi as a substitution for conventional monetary administrations. We've just observed it with ICO, how it was advertised as an enemy of customary venture, and where it is currently there's a high possibility that a similar will happen to DeFi. DeFi today will be comprehended with a superior arrangement that is both decentralized and protected and afterward it very well may be viewed as a contender to the incorporated arrangement.

[optimisticcm]

The you think defi a a threat to the future of centralized finance? What's your opinion?

Defi is a new comprehensive concept it is just getting started i expect a lot more products and services coming under defi umbrella in few months when we will see more and more innovative projects especially the projects working to provide infrastructure to defi to expand in all directions like RadixDLT, with such out class projects defi will gain dominancy and adoption in near future.

[Slingshot]

Defi can never and will never be a threat to any centralised finance. Defi is really all over the place and doing exceedingly great but despite its growth centralised finance is also needed in Crypto market. So both are useful and Defi phase will soon be over so that's the trend in the market. Lots of innovations.

[SistaFista]

I think centralized finance is not favorable for people, that's why decentralized finance (DeFi) is created.
DeFi is not a threat, it's just another option for people who want to manage their finance better.
Centralized finance company must improving themselves so they won't lose their user because DeFi is better than CeFi.

[shinratensei_]

DeFi is not a threat to centralized finance. because Defi doesn't have the strength for it. at this time, people have started to doubt Defi, many Defi projects that only want investors' money. sooner or later Defi's popularity will fade. so before Defi has the power to compete with centralized finance, Defi will be forgotten first.

Lol are you sure about that?

you can try to get flash loan with defi and what you need to provide the collateral and your identity as requirements to use the service. When you are using the conventional way and you have need to pass the audit that will be done by the bank.

from what i have been writing above and it has proven if the centralized finance can become obsolete caused by defi. Defi is about economic freedom

[Towerbreeze]

Once upon a time DeFi aren't a thing, they exist but no one really understand their use case and CeFi was a big thing then, I believe once people start understanding how important decentralized is for crypto user compared to centralized projects they start going for DeFi projects, that's when DeFi Hypes begins, my answer is one can't become a threat to the other, some will still find reason to stick with centralized finance over DeFi

[jcarlo]

In my opinion, CeFi will still dominate our daily financial transactions. DeFi may be a good and promising concept in the future but there are still many people who don't believe in or know about cryptocurrency yet. There is good potential in the DeFi project but I think CeFi will still dominate

[emmybd]

DeFi full form is Decentralized Finance. DeFi is also called open finance and it's an alternative to all other financial services.
The aim of Centralized Finance is to make fair trades, boost more transactions and also increase buying and selling processes. CeFi is a specialized financial service.  CeFi representatives should be concerned about DeFi. DeFi is very popular nowadays. DeFi is very popular cause each DeFi user has control over their resources. No banks, or brokers, or trusted third parties required in Defi. Just need secure and transparent software.
CeFi and DeFi both deliver a wide range of cryptocurrency. DeFi makes the better buzzword, and CeFi makes the better product.  Both centralized finance and decentralized finance aim to achieve the same objective. They intend to make crypto trading popular and increase the trading volume.

If you like the idea of being an early adopter standing for something greater, your choice is DeFi. DeFi is improving day by day. So, it's not a threat to centralized finance but it is a matter of concern for CeFi for sure.

[Stanlo]

One can survive without the other, both centralized finance and decentralized Finance have their advantages so they are both useful for those who needed them, how can one be a threat to the other? Users can only find one better than the other but that isn't the end

[themohit]

The you think defi a a threat to the future of centralized finance? What's your opinion?

My bet on this one is - defi and cefi are going to be merged together.
Because one day we'll see most of biggest companies run their inner structures on blockchain.
Most of countries will have own cbdc.
Those are the "childs" of defi, but ultimately they're centralized.
This won't kill original "true" defi imo, but won't kill cefi either

[globalpain]

DeFi is not a threat to centralized finance. because Defi doesn't have the strength for it. at this time, people have started to doubt Defi, many Defi projects that only want investors' money. sooner or later Defi's popularity will fade. so before Defi has the power to compete with centralized finance, Defi will be forgotten first.

Lol are you sure about that?

you can try to get flash loan with defi and what you need to provide the collateral and your identity as requirements to use the service. When you are using the conventional way and you have need to pass the audit that will be done by the bank.

from what i have been writing above and it has proven if the centralized finance can become obsolete caused by defi. Defi is about economic freedom

I think DeFi has a chance to grow. People are more connected and all financial transactions are easier and faster, so DeFi can become a financial instrument in the future. Traditional banking, I think, will start thinking about decentralization because of technological developments and also the closer distance to consumers via the internet

I am sure the Bank will also use the Defi system, and will recruit Blockchain in their system,
you know? Defi is not to kill CEFI, but make strength financial programs in this world, and increase trust.

[D ltr]

DeFi is not a threat to centralized finance. because Defi doesn't have the strength for it. at this time, people have started to doubt Defi, many Defi projects that only want investors' money. sooner or later Defi's popularity will fade. so before Defi has the power to compete with centralized finance, Defi will be forgotten first.

The project about DeFi has been around for a long time, but because in the past the ICO trend was more popular, so DeFi was not very attractive to investors, in 2020 the DeFi hype was huge, finally many new projects appeared about DeFi. But because of this, many scammers appeared which would make a lot of people distrust the DeFi Project because many investors got caught in the scam project.

[Lrshohag]

I will tell yes. In centralize finance people was in high risk about their asset. Always people seek for the newer one.
As defi is very popular now a days and its future is well. So I think it is thread for centralize finance.

[nrvasquez]

Decentralization is naturally the opposite of centralization. However, in terms of finance, many people still use a centralized system because they think that the existing system is more credible, and in terms of decentralized technology, there are still not many large institutions that use this decentralized technology

[Psynthax]

The you think defi a a threat to the future of centralized finance? What's your opinion?

IMHO, In the present status of the DeFi projects, I believe it's not a treat. because today's Defi is just more on hype and no solid foundation to anchor it, Because there's a lot of issues to settle first like those fraudulent activities of those so-called DeFi projects that rampantly victimized investors it's a shame on their side and now claiming DeFi is a treat to centralized Finance no way I dont believe that crap.

The most important and should be their very concern is the security aspect. They are managing money and if their security is not that good then be ready for another hacking streak for these defi projects. Really, if a project that manages money couldn't do any better regarding their security they should just close down their defi project. It's crazy to think these people have the guts to create project even without any real experience regarding security. They should atleast consult to a security expert first because their system although forked many times still kinda garbage anyway.

[Lorokan]

The you think defi a a threat to the future of centralized finance? What's your opinion?

In reality, defi is not a threat to anything in the crypto currency space; defi has been around the crypto hemisphere for a while now, but 2020 seem to be its hype year. Defi is a threat to itself alone and it is one reason why defi platforms has not offered a direct relevance to crypto currency