We live in a world of instant gratification. Sadly, when building and developing something, it takes time.
In this video I discuss that, if cryptocurrency (DeFi) is going to take over the existing financial system, then we are going to have to be paitent. A lot of infrastructure is required. The existing balance sheet banking system had 70 years to evolve. We are at it like 2 when you consider that DeFi only got started a few years ago.
▶️ 3Speak
the titles is missing a word or something.. it sounds like one of those scam DM's on discord haha :D
Fixed.
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Thank you sir!
I think the biggest issue with Defi is that most farm tokens tend to trend downward and that people are chasing prices. So with the way it currently is, I think Defi s going to have a long time to replace the existing financial system and I think it's going to look vastly different from what we see today.
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Sure. The existing financial system took decades to built. There is a century (or more) head start.
That said, it was the same with newspapers, retail, and a few other industries that got obliterated.
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I think to get mainstream adoption will take a number of years.
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A lot of infrastructure needs to go into place. This is where we see how the adoption rate will increase. So we have to keep building and expanding.
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We do, they had so many years to let theirs grow up… we need to develop it further, so it can be implemented on a larger level. Build everything that is needed… “to grow up”
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It needs to spread quickly but this requires patience.
We have to keep pushing things as hard as we can, doing all we can to help things along.
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Most of us are patient if I look at the years they are here and that they are still motivated.
We will and are just doing that 😎
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HODLers understand.
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Yes 😎
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