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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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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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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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I don't know about anything that happens on Ethereum.
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Based
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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