re: Official CryptoTalk Thread

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I have to agree with him, these platforms have billions of dollars and registration isn't actually that expensive in comparison. These platforms just want to act like banks without anyone being able to look at their balance sheets.

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But that's kind of the point of DeFi. You have somewhat autonomous platforms/dapps where one can lend out money to someone else without a bank and instead use a smart contract.

I can see the argument for things like Voyager and Coinbase where they're acting as the intermediary to loan out money and pay back interest.