Pure decentralized finance operations WILL be banned by the United States and all other major nations controlled by a central bank.
The websites will be seized, and the activities themselves will be made illegal, meaning that all individual users will be violating the law. Somewhat analogous lending capabilities and rates will be offered through centralized services approved by the government. Get ready for “Goldman Sachs User Lending Services” or something similar.
They are using you for the time being while you trailblaze the protocols and make the mistakes they don’t want you to make.
And to all the revolutionaries and cypherpunks here who will reply that you can’t delete Uniswap, please understand: the ACTIVITIES will be made illegal. Meaning that ALL users will technically be violating the law. Mainstream news stories about usurious lending (imagine the chutzpah) will support the decision to ban it. And your technically true claim that you can’t delete these systems will not matter, because at that point you’re engaging in a revolution and expecting normies to risk their freedom just to use a clunky DeFi system for a few yield points.
*should be “make the mistakes they don’t want to make”
Isaiah Baker
If lobbying is freedom of speech, why isn't trading?
David Harris
Lmaooooo good luck bud
Robert Moore
Uniswap wont because they essentially gave stake in their company away for free to its users. This was why they did it. The SEC can't touch them now because they don't hold the voting power
Kayden Gomez
Source?
Landon White
Have sex incel
Cooper Brown
Good. Defi and farming are ponzi schemes
Owen Powell
Lending activities are government by the federal reserve system, its Act, the FDIC and state banking regulations.
Speech isn’t a regulated monopoly. It’s not the fundamental power source of modern states.
Oliver Baker
Lol terrifying
Landon Rivera
Yes, obviously, but also fuck them.
John Powell
Ok creg
Eli Lewis
That’s pretty badass
Daniel Collins
i wouldnt be surprised if this is really happening. the kikes are scared shitless of people like us gaining money and power.
Andrew Bennett
Still missing the point. It’s not about control over the protocol, it’s about LENDING ACTIVITIES. Users are not regulated lenders. Their ACTIVITIES are thus illegal.
Justin Hill
ya its easily the most based thing a company or organization has ever done. Unironically, there will be movies made about this event in 15-20 years.
Cooper Rogers
You write like a nasal pitched kike
Christian Ross
Someones mad they didnt get that free 400 UNI
Jackson Wilson
Ban DeFi
Do you even realize how vauge of a term this is and nonsensical it would be to try something this retarded with your larping ass.
Liam Moore
which part of unstoppable smart contract on an immutable blockchain is to complicated for you?
Liam Ramirez
For some reason this is reminding me of when Bitcoin was supposed to be banned.
How do we know the banks are not behind all this already?
Created these "bans" to increase the value..
Brandon Wood
Thats interesting because the SEC literally removed the income requirements to be an accredited investor this year. This directly covers what you're talking about, you don't need to be accredited now to trade securities
sec.gov/news/press-release/2020-191 >“For the first time, individuals will be permitted to participate in our private capital markets not only based on their income or net worth, but also based on established, clear measures of financial sophistication. I am also pleased that we have expanded and updated the list of entities, including tribal governments and other organizations, that may qualify to participate in certain private offerings.”
Caleb Cooper
Good luck when DEX's (and Nectar) exist.
Liam Peterson
Just like they tried to ban alcohol and gambling.
Austin Long
See It’s astounding how difficult it is for DeFi purists and the crypto revolutionary wing to understand I am not saying the smart contract will be halted.
But the actions themselves will be made illegal (they are already btw). And the fact that the actions are illegal means that 99.9% of normies, INCLUDING YOU, will stop doing it.
Investing is not lending.
Robert Robinson
>pink CIA ID thanks just sold 100k defi
Luke Russell
Smart contracts can be audited and thus regulated by the very nature that they are simply code
Brody King
Dont see this being viable at all. Far too vauge. You might stop one or two issues that will only spawn 4 more and so forth and will always be playing catch up.
Easton Campbell
How many "normies" do you think even know what defi is right now? A federal ban would only make them more aware and want to check it out. Loans? Interest? Govt. Is scared of it? It's probably just the boost we'd need to make it
Gavin Jackson
Let’s try it again.
Lending -activities- are regulated by numerous state and federal bodies. It’s not difficult to describe what lending activities are. The regulations already do it. They already exist. And they say that to LEND MONEY you need to be regulated and approved by them.
This power if the fundamental basis for the modern state and they will not cede it to you. Any number of media horror stories will be constructed as necessary to support this.
Those same normies don’t follow the actions of Federal regulators outside maybe changing the interest rate. If they banned Uniswap nobody would notice.
Matthew Morales
Oogy boogey, stay away from crypto kids, it might be illegal (sometimes)
As if people dont do exactly the opposite of what the media says and hasnt lost all trust in them.
But yeah good luck banning DeFi, this wont work btw.
Brayden Peterson
You could view your wallet in ps5s.
Ethan Cox
trump will be president. so no. but in case he's not going to be, then yes, yes we all are fucked. cryptotrading would be taxed to the max if dems win. retards pls do your research and vote for trump you fucking faggots.
Logan Harris
the government taxes investments not money. They can’t really call it money until they stop taxing it
Josiah Bailey
good luck with that glowie
Camden Price
>I get paid for people to rent my crypto Just like banks get paid for people to rent their money right? This is a poor argument and won’t go anywhere before a federal judge who will vote in favor of the state that installed him.
The media stories aren’t necessary, they will just help pave the justification.
