Karthik Senthil
@karthiksenthil
The end goal for DeFi is to be the back-end for finance, not the front-end.
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Tayyab - d/acc
@tayyab
Disagree. On a long enough timescale, it’s both. Short term I agree with you. But also front ends are analogous to dumb terminals, they just do interaction. All the magic is in DeFi and wallets.
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Karthik Senthil
@karthiksenthil
Over a long enough timescale, do you believe that the majority of users will possess non-custodial wallets?
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Karthik Senthil
@karthiksenthil
Personally, I don't think that's realistic. The vast majority of folks strongly prefer convenience over security -- and I don't see that changing. I do believe we can find a hybrid solution with a bank that has all the safeguards users wants (max withdrawals, security, etc) while using DeFi under the hood.
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notdevin
@notdevin.eth
I do agree that you’ll get at least 12m people to use it. I’d caution that you might get a difficult and fickle user group with little ability to understand what’s going on, so if you’re into supporting those type of users, they’re all yours.
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notdevin
@notdevin.eth
A vast majority of people would prefer to eat sugar all day and drink alcohol all night, that ideal is unfortunately orthogonal to any sort of positive feedback loops beyond just dopamine. The same is true with believing that there’s a magic way for someone else to custodian my money and always give it back
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