Thursday, July 28, 2022
HomeBankDecentralized finance versus conventional finance: Key variations

Decentralized finance versus conventional finance: Key variations

One thing we are saying quite a bit right here on the Bloomberg Crypto staff is, “all the pieces previous is new in crypto.” And what we imply by that’s that whereas there’s a notion that concepts just like the blockchain are novel and groundbreaking, the truth is there’s a lot of precedents for ideas like DAOs (decentralized autonomous organizations) or ICOs (preliminary coin choices). That is significantly clear proper now, as crypto experiences its personal model of a “Bear Stearns second.” Which all begs the query: Is decentralized finance simply reinventing conventional finance with extra complexity and a sprinkling of blockchain? Or is there real novelty right here?  Bloomberg Opinion columnist Matt Levine and Bloomberg reporter Muyao Shen be a part of host Stacy-Marie Ishmael on this episode.

–By Victoria Vergolina (Bloomberg)



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments