real projects are on track. Generally, cheating projects are obvious and although there are many inconsistencies, people are deliberately deceived by simply acting with herd mentality. You should not get involved without proper research.
Now technology has developed. Even if governments ban it, it can still be used somehow, but it cannot be said to be of much use.
Community must always be prioritized, otherwise what is the point of decentralization?
100% true, the important thing is the community. If you don’t take the community seriously, you are not centralized anyway, it’s that simple. We are very lucky in this regard because Onyx is driven by the community, and projects that develop with the community survive in the market.
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Oh yeah community plays a vital role ,so wouldn’t be left out
It is the community that keeps all projects alive. And the one whose community is strong will always be one step ahead of other competitors.
must watch : )
Yeah. This is a big issue. Some projects are just looking for a means of exploiting people and this is what has given a DeFi a bad name.
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Indeed . we need some changes . Epic changes which brings trust
In a sense, decentralization brings with it trust. Instead of being bound to a central authority or rules, you can carry out your transactions freely in a decentralized manner. Changes must be made in the central financial system, it is an old and increasingly empty concept.
Decentralization is the core ethos of blockchain technology.
If Blockchain is globally accepted, then I can see DeFi replacing the majority of CeFi.
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decentralisation includes the honest from team ?
Blockchain is generally accepted, they only cause problems with cryptocurrencies and centralized exchanges of course. Each state has different rules, but most countries are completely open and willing to use blockchain technology.
Just because one person is bad does not mean that all people will be bad. The same thing applies to technology, it is not bad just because someone abuses it. When you use technology correctly, you can create wonders.
Laws will always trump everything. As long as it remains legal it lives. Central has immense powers granted to it by law. Don’t count on that disappearing.
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Certainly DeFi will have a significant place in the world of finance. The DeFi sector is growing at an incredible rate right now. And of course I am a DeFI supporter.
Moreover, I am an Ambassador of Onyx protocol, one of the best DeFi protocols.
Onyx is the best a fully decentralized cross-token liquidity market powered by $XCN that supports NFTs and crypto.
Hopefully onyx leads the future of defi.
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It will . our patience and team’s dedication will let it happen . prayerssss
You get the point. I think both can coexist.
The only fear government has for blockchains and crypto is because bad eggs has proliferate the system and have used it as vehicle to scam people.