Crypto Mom: True decentralization is the only thing that will save DeFi projects
SEC Commissioner Pierce believes that DeFi founders’ only hope to bypass financial regulation is to ensure full decentralization from launch. Hester Pierce of the U.S. Securities and Exchange Commission — colloquially known as 'Crypto Mom,' has warned of rampant “shadow-centralization” within the decentralized finance (DeFi) sector.Speaking to outspoken DeFiWatch founder Chris Blec in an August 4 discussion streamed by The Defiant, the SEC commissioner noted that decentralized organizations and DeFi are new concepts for regulators and that: “having a peer-to-peer system that doesn’t have....
Related News
True decentralization will take time, U.S. presidential candidate Brock Pierce suggests, citing DeFi as a crucial stepping stone towards this end. U.S. presidential candidate Brock Pierce believes true decentralization, in its purest form, does not exist today, and is not practical in the near future. He told Celsius founder and CEO Alex Mashinsky in an hour-long #MOIP interview released earlier today that while DeFi, is headed towards decentralization, it shouldn’t attempt to be entirely decentralized right now.The crypto venture capitalist turned politician stated a hybrid approach....
There’s a new website on the crypto-block that was created to show real people who save money using Bitcoin. The digital currency has quite a bit of great attributes like decentralization, an open source code, and being the first true peer-to-peer money worldwide. Another pretty cool aspect about Bitcoin is certain applications can also save people money literally every day. So Thomas Hunt host of Mad Bitcoin’s created this site and video to create excitement for these money saving features. Here’s what he told Bitcoinist:
Samson Mow, the former chief strategy officer at Blokstream and founder of JAN3, believes that most decentralized financial (DeFi) protocols can’t compete with Bitcoin when it comes to building an effective monetary network due to their lack of decentralization. Samson Mow Says DeFi Can’t Compare To Bitcoin Because of their lack of decentralization, Samson Mow, […]
"One thing is clear: this is a serious project now, and we need to start taking decentralization seriously," said Wladimir van der Laan.
Breitman revealed that Tezos’ solution to the blockchain trilemma is using optimistic rollups in an exclusive interview with Cointelegraph. Arthur Breitman, the co-founder of Layer 1 protocol Tezos, spoke with Cointelegraph's Jackson DuMont at the Paris Blockchain Week Summit (PBWS) last week about what it will take to unlock decentralized finance, or DeFi's true potential. Brietman delivered a keynote speech following this interview about the company's strategy.Related: Paris Blockchain Week, April 14: Latest updates from the Cointelegraph team on the groundAccording to Breitman, "people....