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0 sats \ 6 replies \ @k00b 16 Sep \ on: Can DeFi be built on BTC, and does it matter? bitcoin
It depends on what you mean by DeFi. If you mean any DeFi mechanism you can imagine, no. If you mean some small set of things that a bank or central party would ordinarily do, yes. It'd be easier if you asked about a specific application. As is it's a bit like asking "can my computer run AI?"
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10 sats \ 5 replies \ @snufon OP 16 Sep
Well, do you know of any DeFi application that is actually useful and where the decentralization is justified? Which application(s) do you have in mind with your bank/central party example? I have a hunch that such things could be done on Bitcoin too, but Im interested to read more
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21 sats \ 4 replies \ @k00b 16 Sep
Which application(s) do you have in mind with your bank/central party example?
  • I send money to someone
  • I put money in escrow
  • I share control over money with someone else
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10 sats \ 3 replies \ @snufon OP 16 Sep
Valid use cases indeed but they can all already be done on Bitcoin right? Maybe I was not clear with my original wording. When I used the "DeFi" term, what I had in mind was specifically what is happening on the Ethereum DeFi ecosystem that can't be found on Bitcoin.
As you can tell I'm really just looking for anything useful that Ethereum does that could not be done on Bitcoin
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10 sats \ 0 replies \ @TheWildHustle 17 Sep
Buy a Bitaxe and start9
Post on Stacker News and Nostr
Focus on productivity and sovereignty
No reason to look at shitcoins, you haven't missed the boat.
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0 sats \ 1 reply \ @k00b 16 Sep
I don't know about anything that happens on Ethereum.
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0 sats \ 0 replies \ @snufon OP 16 Sep
Based
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