Why do we need Decentralize Finance (DeFi)

Fintech

Why do we need Decentralize Finance (DeFi)

Today we live in a world where the Decentralize Finance industry is extremely powerful. We don’t have many good alternatives to the current financial system. Money is the symbol of everything in this world. It has become a way to measure one’s power, control and influence over others. Money is a way to control our lives, making us think we need it when in reality money is the only thing that keeps us enslaved. We are a society that worships money, and when we worship something, it becomes the most important thing in our lives. We-have become slaves to money, which is why so many people are obsessed with making more and more of it. We need to break this addiction, and we can do it by starting with a new financial system.

Given the current state of humanity having an overseeing body.

Such as central banks or federal reserve is a rather ineffective way to run the world. Right now we have massive gaps in income inequality and a severe lack of equal opportunity throughout the world. The current financial system only benefits those with money. Which allows them greater access to legal representation when they break laws. More resources to hire lobbyists and donate funds towards political campaigns. Better education for their children so that they may get higher paying jobs later on in life, etcetera.

As it stands right now, if you don’t have enough money to support yourself then its unlikely that you will be able to support your family either. Even if this was all fine and dandy, which it is not, there are a few problems with how the world functions as it stands right now.

Having such a massive gap between the rich and poor leads to massive amounts of crime in low income areas. Because people have nothing better to do they turn towards gangs for companionship and money for their families. The police then need to focus on these issues because any more significant crimes become too difficult to solve without paying attention first.

Not only does this lead to an increase in crime, but it also leads to a lack of social mobility.

If you are born into poverty there is no way that you will be able to get out of it unless luck or money intervenes on your behalf. This means that the people who have the best chances at succeeding in life are those with rich parents. In addition to this, the lack of a single currency makes it more difficult for people to do business across borders. This means that small businesses will have less money to hire new workers and immigrants. From other countries are unable to work in their profession due to regulations set forth by the country they moved into. If we had a global currency then everyone would be able to easily transfer funds between different accounts.

In summary, the current Decentralize Finance system is rather ineffective for society as a whole and it creates more problems than it solves. We would suggest that we replace the current financial system with something new or update what we have to make it work better.

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