The Currency Analytics
By Dan Saada
DeFi Makes Legacy Financial Systems Look Disruptive
Noah Seidman was recently talking in an AMA without any specific topic opened up for some question and answers.
When asked do you feel very certain that the market will be bigger and bigger during the next years, and that BTC can be 50k, DGB 1 dollar, etc.
Seidman replied, no. I don’t. There is no way to say that for certain. My mind thinks in terms of inevitabilities.
And, some of the more volatile or exciting ways to be diversified is in technologies that are disruptive of the status quo.
In response to the expression, Sydney Ifergan, the crypto expert tweeted: “Noah Seidman, someone very active in the DigiByte (DGB) Ecosystem had his say about the DeFi…
It is actually crazy how inferior DeFi makes legacy financial system look particularly with over collateralization versus under collateralization.
Over collateralized lending schemes are not systemically disruptive in the case of a default scenario. The legacy system is destroyed and that is what is going out.
He also discussed on what he thinks is value. He expressed that value means different things for different people.
It is a very psychological concept about real value, but I believe that there is much more momentum in crypto projects having long term value appreciation that is available in…