I think the idea of DeFi is for it to operate outside the realm of regulators.
They can oversee centralized entities but those decentralized, it gets very tough.
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
I think the idea of DeFi is for it to operate outside the realm of regulators.
They can oversee centralized entities but those decentralized, it gets very tough.
Posted Using LeoFinance Beta
Ok, let me explain. When I said regulation is needed, I wasn't referring to DeFi, but banks, regarding how to participate.
Posted Using LeoFinance Beta
We just need to keep chipping away at the banks business.
If we do that, they will be not relevant.
This happens by pulling as much money out of them and putting it in crypto. With less money, there is less than can do.
Posted Using LeoFinance Beta
Well, I have been doing that for some time and after the last stunt they have pulled, I'm not sure I could ever trust them.
Exchanges are also a risk though. Not your key, not your crypto. I'm not holding much on exchanges, but I'd like to trust them.
Posted Using LeoFinance Beta
Exchanges come with the typical 3rd party counter risk. However, some are more reliable than others. It is vital to know who is insured against hacks.
But in the end, it have to be your crypto.
Posted Using LeoFinance Beta
Yes, it's better if it's your crypto.
Is there any way to check which exchange is insured and for how much? I suppose they have to make it public or I just think that because it would gain trust?
!ENGAGE 30
Posted Using LeoFinance Beta
ENGAGEtokens.