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19 - DeFi vs Banks | Hasu

Bankless

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Navigating the Future of Crypto Banking

This chapter explores the rise of custodial crypto banks and their impact on Bitcoin transactions, raising concerns about the erosion of Bitcoin's independence. It examines the philosophical divide between Bitcoin and Ethereum, especially in relation to decentralized finance (DeFi) and governance complexities. Additionally, the discussion highlights the potential convergence of DeFi with traditional banking practices and algorithmic central banking, offering insights into the future of money.

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