Clear Use Case For Decentralized Finance And Crypto Assets

Even when the market seems down, and some major crypto players have falling out of track in the likes of exchanges and crypto related financing firms.

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Well there are still clear use case for crypto and decentralized finance amidst all this crisis says the co-founder of palantir technologies in an interview with Fox News which he says that;

“You know, there are still other use cases for decentralization and crypto. The stuff that has fallen is stuff that are centralized actors, effectively. They’ve had a lot of corruption. This is what you’d expect in any situation where you have something that’s not regulated. I don’t always believe you need government regulators, but you need some framework of regulation where people are being checked by other people you trust.”

He’s still pretty much optimistic as regards the crypto space, as a long on for regulation to be implemented but not by the federal state but within the circle by trusted individuals to help checkmate these transactions. And the fact that it is decentralized puts it of more beneficial to the space which he made use of bitcoin as a study example;

“The protocols to have decentralized ownership are very interesting. If you look at how should humanity make money, how should the financial system work, longer term it does make sense to have more decentralized power, or something like Bitcoin, to exist. And Bitcoin’s done a lot of good in the world as well. It’s helped people get money out of Russia, out of Venezuela, out of China. It allows more liberty for the financial system from really bad-acting governments.”

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