The Greatest Dislocation of Wealth in Human HistoryDeFi Real is a weekly Live Show where I discuss all things decentralised finance. From blockchains to bitcoin, dApps to doge, tune in every Friday for your dose of DeFi. This week, I will be talking exclusively about this $9 trillion opportunity and how you can take advantage of how digital finance is disaggregating the old Centralised Finance model. What is DeFi? Decentralised Finance (or DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments. This is crucial! I worked for these institutions and TRUST ME we spend our whole day trying to rip the customer off and take as much margin for ourselves. Instead DeFI utilises smart contracts on blockchains, the most common being ethereum where applications known as dApps (Decentralized Applications) perform financial functions on digital ledgers called blockchains, a technology that was first utilised by bitcoin but has since evolved much more. This concept of an “open blockchain” means that everything is public and everything is transparent INCLUDING THE FEES. As a result, the traditional banking “business as usual” will be completely disrupted, with
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