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Wolf of Wall Street on steroids: DeFi may be a bubble, but it’s making us stronger

Published 10/11/2020, 04:00 AM
Updated 10/11/2020, 05:40 AM
Wolf of Wall Street on steroids: DeFi may be a bubble, but it’s making us stronger

Programmers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code.

The “De” in DeFi stands for “decentralized,” meaning there are no intermediaries in the process. Despite the raw and unpolished user interface, billions of dollars in assets flow through new decentralized apps every day.

Ray Youssef is the co-founder and CEO of Paxful. Aside from making Bitcoin accessible, Ray also launched the #BuiltWithBitcoin charitable initiative that aims to show the humanitarian capabilities of Bitcoin. He’s a New York City native and has been a serial entrepreneur since 2001.

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