Bitcoin Q&A: DeFi Explained in Laymans Terms

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00:00 DeFi explained in laymans terms
00:27 How decentralized is DeFi?
02:11 Decentralized finance vs centralized finance
02:48 DeFi can only fail by becoming CeFi

What is decentralized finance, or "DeFi"? These projects provide basic financial services, such as lending, investing, saving, etc. in a decentralized fashion. But how decentralized are DeFi projects? And how do they compare to traditional, centralized, finance?

This question is from the bonus Q&A session on DeFi, which took place on May 16th, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop

Related Videos:
Outside the Golden Cage of Banking - https://youtu.be/ZBIkC7nkbWE

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