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[–]casparvoneverecBig tiddy respecter[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

defi is going to kill non real estate loans

Nope. The whole point of loans is to get a temporary infusion on large money into your account. Buying crypto means you are spending money. In theory you could gain money by selling it at a profit but that's not a model that can be applied on a societal scale. Crypto prices would have to increase to infinity to keep the system up and at the end of the day, some one has to take a loss for someone else to profit.

Plus, there's the energy issue. In order to keep up with the demand of more and more crypto for an increasing mass of people, more and more mining rigs will have to be set up. It would become a massive drain on energy resources and it simply can't be sustained in a world where economic growth continues in the third world while fuel reserves continue to dwindle.

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Crypto is madness. We need to figure out how to get off of money completely.

[–]LetssavethefirsworldReturn to Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Fair point