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atomi | 5 years ago
DeFi is being able to trade unregulated equities or lend on their collateral on decentralized exchanges with transactions guaranteed by code.
In other words, it's for degens that think avoiding taxes on shitcoin trading is peak crypto.
There are other interesting things on blockchains that can be done outside of decentralized finance. But trading shitcoins is what people are getting off on right now.
It reminds me of how porn is almost always first in new technology adoption.
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