By badbitch on Skatehive
It will take decades for DeFi to materially absorb global finance, this is a reality most enthusiasts may not be able to embrace. Peer-to-peer finance in this context refers to permissionless, non-custodial finance built on open smart contracts, where users keep custody (sole control) of assets, centralized intermediaries are absent, access is open to all and code rules remain immutable. The rising question here is an attempt to assess if regulations may catch up to truly permissionless finance solutions and force them into compliance that effectively defeats their purpose. Surviving regulation is where we can confidently say "we've won" — otherwise DeFi never gets to truly fix the money nor the system. Reach vs Availability I think that anyone with an above average understanding of decentralized finance, crypto and blockchain in general and finance, in the grand scheme, can answer the question posed. I can say with almost certainty that most answers will include everything but a "Yes