Despite working with DeFi teams for the last 5 years, I think onchain finance is a better name for whats happening.
Decentralization is an important substrate, the real pull is the increase in utility and value when an asset comes onchain turns into a money lego.
Whether an asset is blockchain-native or a real-world asset will matter less and less.
Eventually most ledgers will move onto blockchains, but that will take time and there is tons of value to be created in the meantime.
Despite working with DeFi teams for the last 5 years, I think onchain finance is a better name for whats happening. Decentralization is an important substrate, the real pull is the increase in utility and value when an asset comes onchain turns into a money lego. Whether an asset is blockchain-native or a real-world asset will matter less and less. Eventually most ledgers will move onto blockchains, but that will take time and there is tons of value to be created in the meantime.
Decentralized finance (DeFi) will disrupt and improve the real estate market to make it more inclusive, secure, and cost-effective.
Buritona • Real Estate Services Move On-Chain - Bankless Publishing
Kaf added
On-chain systems will move us away from the macro-economic system we currently use-No centralized authority, web3 will be the truest form of democracy-Any trade will be possible as long as there is a buyer and a seller-Volatility will result in better products and services-“My margin is your opportunity” – Sahil Lavingia
Sahil Lavingia • Sahil Lavingia — From Web 2.1 to Web 3 (EP.87)
sari added
The three fundamental pillars of this argument are,
- Blockchains are differentiated from traditional finance through their strong property rights – the inalienable right to store and transmit value.
- Centralization provides a means by which powerful entities can influence the outcomes of blockchains.
- The value stored in a property rights system is direc
HackMD: Your Collaborative Markdown Workspace for Knowledge Sharing
Blockchains have value at their core. They are money networks, and as such, they make for more efficient financial systems. They cut out intermediaries, improving speed and cost. They are permissionless and global, so that essential tools to grow savings and make payments and transfers, are at the hands of anyone with an internet connection, anywhe... See more
The Defiant • ✊The Defiant's Definitive Guide to DeFi
Emilie Kormienko added
A heated debate is raging… well, a debate is happening… about what will actually end up “onchain.” What assets, items, and ideas will we manage with blockchains instead of private databases? This is a tributary to the all-important question–How important are Blockchains, what will they impact, and what are they worth? Specifically, will offli... See more
Eric Jorgenson • Blockchains and Offline Assets — Eric Jorgenson
sari added
My view is that DeFi gets a lot more interesting once there are mainstream users conducting real economic activity on-chain, beyond crypto speculation.
Jesse Walden • How does DeFi cross the chasm?
sari added
DeFi + Real Estate = Future of Real Estate
Buritona • Real Estate Services Move On-Chain - Bankless Publishing
Kaf added
Enduring on-chain products will measure twice and cut once. While blockchains don't have to be financial, today's market has put a price on almost every token, contract code is public, and the future of crypto regulation is unclear. Because of this, the products that will make it through waves of scammers/hackers, downswings in token value, and pot... See more
Theodora Chu • On Falling Down the Rabbit Hole
sari added