The outcome of merging traditional finance and decentralised finance.

[Abiky]

That is a fair point. People on the internet immediately believe that Bitcoin and other crypto currencies being immediately included in traditional banks or tools in the United States or in the European Union is something good. But someone aware of the main objective of Bitcoin is (decentralization) would say that those adaptations of Bitcoin to the markets are rather efforts to centralized the use of Bitcoin, so people interested in Bitcoin and other major cryptocurrencies won't bother to have a non custodial wallet, and only keep their funds in those centralized instruments.
For example, there have been some banks which have announced to start to offer Bitcoin services to their clients with a high tolerante to volatility. Those potential clients would have had a decentralized wallet on their own eventually, if they were truly interested in Bitcoin. Now they have the apparent comfortability to have their BTC in the same bank account their FIAT is.
The apparent sense of legitimacy which is granted to Bitcoin by those centralized institutions comes at the cost of centralizing the holding of satoshis and the value of them, it is exactly the opposite on what the mission of Alts and BTC is, in my opinion.

People just want to make money. They don't care if ETFs or other financial instruments pose a centralization risk to crypto/Blockchain tech. Convenience goes above all else. What we need to do as a community is fight against the rising powers of centralization.

As long as we keep crypto decentralized, big companies and mainstream governments will have a hard time trying to "destroy" the revolution. We can't tell what will happen in the future. Therefore, we can only hope for the best. Who knows how long "De-Fi" will last?

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[jrrsparkles]

People just want to make money. They don't care if ETFs or other financial instruments pose a centralization risk to crypto/Blockchain tech. Convenience goes above all else. What we need to do as a community is fight against the rising powers of centralization.

As long as we keep crypto decentralized, big companies and mainstream governments will have a hard time trying to "destroy" the revolution. We can't tell what will happen in the future. Therefore, we can only hope for the best. Who knows how long "De-Fi" will last?

Decentralization is just hanging around there n the corner because every government realizes that they can't stop decentralization so they have been introducing strict scrutinization of its users by imposing heavy KYC compliance policies, pushing exchanges to delist privacy currencies and so on. But as I said they can never stop the decentralized crypto so as community we need to start supporting the actual decentralization over the centralized project if we wish crypto wants to be exists in the future.

[johnsaributua]

What is very pronounced may be from the identity for fiat financial institutions, because there is a clear legal umbrella including for humanitarian needs even though there may be a very large number, of course this is an obligation for protection even until later in the future (if suspected in suspicion can be followed up).
Crypto does make it easy, including children who do not have a 13-16 year old identity card can indeed play with finances and no one is watching because they do not have an identity.

For me, traditional and crypto are very combined and useful because there is a condition that each of these becomes the right place for investors or means of exchange, it's the holder of the asset. Until now for me it is still balanced because of the progress of the times people using crypto still use fiat and vice versa. I don't see any dirty competition between them, it all depends on the owner.

[bolshojkush]

That is a fair point. People on the internet immediately believe that Bitcoin and other crypto currencies being immediately included in traditional banks or tools in the United States or in the European Union is something good. But someone aware of the main objective of Bitcoin is (decentralization) would say that those adaptations of Bitcoin to the markets are rather efforts to centralized the use of Bitcoin, so people interested in Bitcoin and other major cryptocurrencies won't bother to have a non custodial wallet, and only keep their funds in those centralized instruments.
For example, there have been some banks which have announced to start to offer Bitcoin services to their clients with a high tolerante to volatility. Those potential clients would have had a decentralized wallet on their own eventually, if they were truly interested in Bitcoin. Now they have the apparent comfortability to have their BTC in the same bank account their FIAT is.
The apparent sense of legitimacy which is granted to Bitcoin by those centralized institutions comes at the cost of centralizing the holding of satoshis and the value of them, it is exactly the opposite on what the mission of Alts and BTC is, in my opinion.

People just want to make money. They don't care if ETFs or other financial instruments pose a centralization risk to crypto/Blockchain tech. Convenience goes above all else. What we need to do as a community is fight against the rising powers of centralization.

As long as we keep crypto decentralized, big companies and mainstream governments will have a hard time trying to "destroy" the revolution. We can't tell what will happen in the future. Therefore, we can only hope for the best. Who knows how long "De-Fi" will last?

If they get to De-Fi, then people will definitely come up with something new, decentralized, progress does not stand still. Therefore, there is no need to worry.

[Sayeds56]

DeFi platforms have security concerns that is why you can see tons of defi platforms hacks in all these year from this thread: DeFi hacks [history]

Traditional finance institutions are the direct competitors for defi so I don't know how both can be merged.

It is a valid point and correct observation that there are numerous DEFI platforms collapsed during the past years, due to security breach in their smart contracts, resulting in significant losses for investors and casting shadow over DEFI industry, it is a serious concern, however it is likely to be resolved with the technological advancement.

I firmly believe that once reliable security systems are established with evolution of technology, traditional finance will eventually integrate with DEFIs

[MIner1448]

Blockchain brings together traditional and decentralized finance, which can expand access and improve efficiency. However, there are issues such as regulation and safety that require attention. Implementation of institutional products and standardization can help successful integration.

[Hispo]

That is a fair point. People on the internet immediately believe that Bitcoin and other crypto currencies being immediately included in traditional banks or tools in the United States or in the European Union is something good. But someone aware of the main objective of Bitcoin is (decentralization) would say that those adaptations of Bitcoin to the markets are rather efforts to centralized the use of Bitcoin, so people interested in Bitcoin and other major cryptocurrencies won't bother to have a non custodial wallet, and only keep their funds in those centralized instruments.
For example, there have been some banks which have announced to start to offer Bitcoin services to their clients with a high tolerante to volatility. Those potential clients would have had a decentralized wallet on their own eventually, if they were truly interested in Bitcoin. Now they have the apparent comfortability to have their BTC in the same bank account their FIAT is.
The apparent sense of legitimacy which is granted to Bitcoin by those centralized institutions comes at the cost of centralizing the holding of satoshis and the value of them, it is exactly the opposite on what the mission of Alts and BTC is, in my opinion.

People just want to make money. They don't care if ETFs or other financial instruments pose a centralization risk to crypto/Blockchain tech. Convenience goes above all else. What we need to do as a community is fight against the rising powers of centralization.

As long as we keep crypto decentralized, big companies and mainstream governments will have a hard time trying to "destroy" the revolution. We can't tell what will happen in the future. Therefore, we can only hope for the best. Who knows how long "De-Fi" will last?

If they get to De-Fi, then people will definitely come up with something new, decentralized, progress does not stand still. Therefore, there is no need to worry.

It is not about worrying but being alarmist bout the future of Defi or the decentralization of the most popular blockchains in our ecosystem, is rather trying to guess in before what could happen and what approaches the enemies of dece realization could use to discredit Bitcoin, Ethereum, and the decentralized finances in general. The most direct way which comes to my mind would be a dual strategy to implement centralized solutions to catch the attention of people who may like Cryptocurrency, while at the same time to find vulnerabilities and hack the biggest decentralized platforms in the Blockchain, specially Uniswap. If they manage to make people to lose most of their blocked liquidity in UNI, that would serve for them as a cautionary tale for the rest of the people to only stay and deposit their value/wealth in centralized platforms and exchanges.
The security team of Uniswap and other similar Defi are better to be careful and review their code in as often as possible, because I don't have any doubt they are going to be heavily targeted in the coming years.

[batang_bitcoin]

The sad thing is that it's more trustworthy with the traditional finance to do investments than of deFis. And that is with too many concerning issues about the flaws that have been found with most of them. I think that the devs of it are just testing and wanting to take a look at their project and if it becomes successful, that's the time they'll act on and it seems that's the way to go and they've become successful and have forgotten those type of issues.

[tygeade]

Decentralization is just hanging around there n the corner because every government realizes that they can't stop decentralization so they have been introducing strict scrutinization of its users by imposing heavy KYC compliance policies, pushing exchanges to delist privacy currencies and so on. But as I said they can never stop the decentralized crypto so as community we need to start supporting the actual decentralization over the centralized project if we wish crypto wants to be exists in the future.

Well they can't stop decentralization of bitcoin (or most alts) but they could definitely stop people from using decentralized things, or even if not stop, at least try to ban it, make it illegal. That would be the only thing that would make sense considering the fact that we are talking about a bigger deal, something that will not be all that smart and I think they will not do that.

There are some big on centralization (dictatorship) nations that will of course ban it, but the modern world will see that it is not going to be all that easy to handle that, so they will just regulate it. Plus, when you give people freedom, they will realize that it will be taxed anyway, so it is not going to hurt the government as much as we think it would.

[Abiky]

If they get to De-Fi, then people will definitely come up with something new, decentralized, progress does not stand still. Therefore, there is no need to worry.

Could be. But what if governments make "De-Fi" illegal? Then, developers will be afraid of launching truly-decentralized financial applications. If caught, they're going to need to pay a fine or even face jail time. The risk is definitely not worth it. We all knew this was going to happen ever since Bitcoin came to the world back in 2009.

If they can't beat the revolution, they will centralize it or go as far as "banning" it from the face of the Earth. A dark future awaits for the crypto/Blockchain industry. I hope I'm wrong and things turn out to be better in the long run. Maybe there's "light at the end of the tunnel"? 

[TheVeteranAngel]

DeFi platforms have security concerns that is why you can see tons of defi platforms hacks in all these year from this thread: DeFi hacks [history]

Traditional finance institutions are the direct competitors for defi so I don't know how both can be merged.

The reason I brought up the need for platforms with strong security and transparency is because of the "security concerns." If we want this merger to be successful, developers should focus on developing platforms that meet these criteria. Have you heard of ONDO? I'm still observing it, but It's one platform that could potentially fulfill these requirements, and if it lives up to expectations, it could be the key to achieving a seamless integration of traditional finance (trad-fi) and decentralized finance (defi).

I am not following much of the new projects lately, but I will take a look into the project you mentioned and see what's new in it from the existing projects.

The problem with traditional finance is, profit driven business but defi is completely community driven model so merging both can be a hell lot of a job and with highest security possible it gets more difficult.

You should DYOR ONDO; it has it all – real-world assets, tradefi, DeFi, DAO, etc. It made news yesterday after being introduced on exchanges like Bitget. Personally, I'll be dollar-cost averaging into this for the long term because I believe in the project, and they've got top-notch backing from Coinbase, etc.

I did bought a little bag upon its listing but it's still uncertain if the project will live up to the hype it's generating. I would advise you invest lil amount of fund for now. You can also take advantage of this event to increase your holdings.
https://gleam.io/49W7f/discord-treasure-trove-ondo

[johnsaributua]

DeFi platforms have security concerns that is why you can see tons of defi platforms hacks in all these year from this thread: DeFi hacks [history]

Traditional finance institutions are the direct competitors for defi so I don't know how both can be merged.

It is a valid point and correct observation that there are numerous DEFI platforms collapsed during the past years, due to security breach in their smart contracts, resulting in significant losses for investors and casting shadow over DEFI industry, it is a serious concern, however it is likely to be resolved with the technological advancement.

I firmly believe that once reliable security systems are established with evolution of technology, traditional finance will eventually integrate with DEFIs

Yes you are all right, Defi is very suitable when viewed from the ease and APY offered, as easy as depositing and locking crytpo without any conditions, but often hacks occur which results in no matter how high the profit earned will feel useless, maybe this is a choice between storing in dex or in cex which is different between security and profit earned. I used to experience loss in defi too but now I prefer to vault in cex. I understand the risk of having a cex account,  I think both traditional and decentralized have the same very useful functions, and I still use both in a suitable condition. between habit and progress is different for everyone.

[Ticdeneb]

DeFi platforms have security concerns that is why you can see tons of defi platforms hacks in all these year from this thread: DeFi hacks [history]

Traditional finance institutions are the direct competitors for defi so I don't know how both can be merged.

The reason I brought up the need for platforms with strong security and transparency is because of the "security concerns." If we want this merger to be successful, developers should focus on developing platforms that meet these criteria. Have you heard of ONDO? I'm still observing it, but It's one platform that could potentially fulfill these requirements, and if it lives up to expectations, it could be the key to achieving a seamless integration of traditional finance (trad-fi) and decentralized finance (defi).

I am not following much of the new projects lately, but I will take a look into the project you mentioned and see what's new in it from the existing projects.

The problem with traditional finance is, profit driven business but defi is completely community driven model so merging both can be a hell lot of a job and with highest security possible it gets more difficult.

You should DYOR ONDO; it has it all – real-world assets, tradefi, DeFi, DAO, etc. It made news yesterday after being introduced on exchanges like Bitget. Personally, I'll be dollar-cost averaging into this for the long term because I believe in the project, and they've got top-notch backing from Coinbase, etc.

I did bought a little bag upon its listing but it's still uncertain if the project will live up to the hype it's generating. I would advise you invest lil amount of fund for now. You can also take advantage of this event to increase your holdings.
https://gleam.io/49W7f/discord-treasure-trove-ondo

If you're still holding your ONDO bag, you would see as of today that the project in fact did live up to the hype it generated. I had bought some shortly after it went live on Bitget, I didn't sell off and now I'm glad I didn't because of the current surge in its price.

[Iamcrypticguy]

DeFi platforms have security concerns that is why you can see tons of defi platforms hacks in all these year from this thread: DeFi hacks [history]

Traditional finance institutions are the direct competitors for defi so I don't know how both can be merged.

The reason I brought up the need for platforms with strong security and transparency is because of the "security concerns." If we want this merger to be successful, developers should focus on developing platforms that meet these criteria. Have you heard of ONDO? I'm still observing it, but It's one platform that could potentially fulfill these requirements, and if it lives up to expectations, it could be the key to achieving a seamless integration of traditional finance (trad-fi) and decentralized finance (defi).

I am not following much of the new projects lately, but I will take a look into the project you mentioned and see what's new in it from the existing projects.

The problem with traditional finance is, profit driven business but defi is completely community driven model so merging both can be a hell lot of a job and with highest security possible it gets more difficult.

You should DYOR ONDO; it has it all – real-world assets, tradefi, DeFi, DAO, etc. It made news yesterday after being introduced on exchanges like Bitget. Personally, I'll be dollar-cost averaging into this for the long term because I believe in the project, and they've got top-notch backing from Coinbase, etc.

I did bought a little bag upon its listing but it's still uncertain if the project will live up to the hype it's generating. I would advise you invest lil amount of fund for now. You can also take advantage of this event to increase your holdings.
https://gleam.io/49W7f/discord-treasure-trove-ondo

If you're still holding your ONDO bag, you would see as of today that the project in fact did live up to the hype it generated. I had bought some shortly after it went live on Bitget, I didn't sell off and now I'm glad I didn't because of the current surge in its price.

I think this is why. https://www.fxstreet.com/cryptocurrencies/news/ondo-moves-95-million-worth-of-ousg-assets-to-buidl-as-tokenized-fund-attracts-245-million-since-debut-202403281030

[rodskee]

i personally think that this might be a good step for allowing blockchain technology into
the mainstream however it's not gonna be as authentic and true to itself as the pure decentralized
finance

i cannot think of a way for banks for example to implement decentralized features into
their system without compromising each of the system's core values but if they could then i think
it could open up a lot of possibilities

[Volimack]

Decentralized currencies are certainly good but traditional currencies associated with defi have decreased in value as blockchain technology has improved. defi projects are not good and many projects are closed. defi may still be considered very useful and easy by many but of course it has its downsides which should not be forgotten. Check out the projects and take a look. Never compromise with mistakes.

[Sophokles]

i personally think that this might be a good step for allowing blockchain technology into
the mainstream however it's not gonna be as authentic and true to itself as the pure decentralized
finance

i cannot think of a way for banks for example to implement decentralized features into
their system without compromising each of the system's core values but if they could then i think
it could open up a lot of possibilities

This is already happening and that is the reason we are seeing RWA projects and DePin are showing substantial growth recently. What i am seeing as a problem is regulation. We don't yet know how the regulator will manage this or what type of condition they will implement to protect user funds. Crypto has always been a wild west and its not unreasonable to think that the government will try to protect their users funds at any cost. Some people will be angry about this but crypto is still an unfamiliar territory for most people, so they can fall for scams and manipulation.

[Saucemann]

As an investor, merging traditional finance with DeFi offers exciting opportunities for diversification, higher returns, and increased access to previously inaccessible markets. By integrating decentralized finance concepts like blockchain technology and smart contracts into traditional financial systems, investors can benefit from greater transparency, reduced costs, and enhanced liquidity. Additionally, integrating NFTs into this ecosystem opens up new avenues for investment in digital assets, fractional ownership, and innovative revenue-sharing models. recently i'm looking to invest in tensor. However, investors should remain vigilant about regulatory compliance, security risks, scalability issues, and the need for user education and adoption. Overall, merging traditional finance with DeFi and NFTs presents compelling prospects for forward-thinking investors seeking to capitalize on the future of finance.

[AVE5]

I think crypto is already starting to move away from its core principles. The vast majority of developers want to please the regulators and "Wall Street" just to avoid getting into trouble. Believe me, if Satoshi did that in the first place, Bitcoin would've been centralized already. I sure hope truly-decentralized projects stay true to their principles of freedom and privacy. As long as the community fights back, centralizing powers won't be able to stop the revolution. Just my thoughts

More or less, the crypto market is already controlled by the governments indirectly by heavy scrutinizing via centralized exchanges, linking identity via KYC documents, and imposing heavy taxes but at least the nature of cryptocurrency remains the same which is decentralized but with so called merging, combining we also let go of the decentralization as well which has no positive for the crypto's future.

There's no doubt of your figures @jrrsparkles. The crypto industry is not totally decentralized to the core the the government wouldn't have a role to emerge and play on it in as much as the crypto currencies are relatively connected with the traditional currencies which is totally controlled by the government.
The government would always have the capacity of approval and disapproval to decide what region these decentralized non custodial coins can actually exist to be traded. And of the government also ensuring some securing awareness over this decentralized currencies, they systematically employed the variety of identity reviews on the decentralized exchange Blockchains where holds the validation of trading these decentralized currencies in as much as it's a merged system of the decentralized and centralization of the digital coins and the Traditional currencies.

[peter0425]

, I believe that institutional grade products must be created and by institutional- grade, I mean products that are built with security and transparency as it's major principle and not limited to being regulatory compliant. 

What decentralized finance needs is to invent a better system so that security concerns would no longer be shared all the time by the people. If decentralized networks were to achieve something as safe and secure as commercial banks then they would definitely become a huge threat to the government.

I just don’t see how centralized and decentralized can co-exist it’s either one or the other. We should try to make decentralized systems become better instead of trying to cooperate it with a concept that crypto is directly an opposite of.