Money is the fuel that keeps our world running. To make this engine run and flourish, a degree of separation between the governments and money is necessary. In other words, there needs to be a direct link between those who create wealth and those who use it for good. What the world has witnessed in the past few centuries is a sort of divide-and-conquer scheme. Money has become so centralized that only a few individuals control it. Those at the top slowly grow more powerful and wealthy while the rest of us become divided and more impoverished.
Because money is fungible, it could be used for good or evil. Unfortunately, banks are owned by governments that have a monopoly over money. The owners of banks then use this money to reward themselves and shareholders (the wealthy few) to further consolidate themselves as an elite few. This wealth redistribution system which works from top to bottom is maintained by politicians who pass laws to limit competition, lending practices, and currency creation, among other things. That is how the global financial system works today.
The world has been under the control of the financial elite for far too long. Poor folks like my mom and dad were at the mercy of their local banks that would decide whether they could even have a savings account in the first place. Meanwhile, the 1% would move their money around from bank to bank to make it less accessible when needed. It was a pretty scary condition when you think about it from that perspective. But this was also an opportunity for change.
More than a money system, Decentralized finance(DeFi) is a revolution in human history that has never been seen. DeFi allows us to create a new, more inclusive, transparent, and fair financial system.
But what is Decentralized finance(DeFi)?
According to Investopedia, Decentralized finance is an emerging technology based on secure distributed ledgers hosted on a blockchain.
DeFi eliminate the higher service fees banks and other financial institutions impose on customers. It allows users to save their money in a safe digital wallet, send and receive in seconds, and use it anywhere they have internet access.
It may seem difficult to fathom, but the creation of this new virtual world is the next natural step in the fight for freedom for the world.
Money may seem like nothing more than a set of numbers in your bank account or an app on your phone, but it is much more. Money represents freedom. With the blockchain, no more are we forced to be bound by place, race, or government. We can now take back our money and our freedom.
Decentralized finance allows everyone to take control of their money and decide how to spend it. And at a minimal cost. Decentralized finance brings sound financial practices to the world. Everyone has the power to transact directly, with no middlemen. You no longer need permission from your banks to access your money.
Decentralized finance is the answer to having money that works for all. Our banking system works great for the wealthy. But for the rest of us, it is completely broken. And that is why so many people are looking for a way out, and Decentralized finance is the way out of the financial slavery we currently find ourselves in.
Yet, many still do not understand what it is and what it can do for the world. So let us dig a little deeper and try to understand why Decentralized finance is the freedom of money.
It is a revolutionary concept that will fundamentally change the world, our relationship with our money, and our relationship with the people around us. After cryptocurrency, Decentralized finance is the next step in the struggle for freedom. It is a leap into the future that will allow you to spend your money in ways your grandparents never dreamed of while keeping it safe from banks and governments.
Decentralized finance is the evolution of money. And it is a game-changer. The best part about it is that it is so easy to use. You can save, and earn interest on your savings even at a higher percentage than the banks do. Lending and borrowing are also possible with Decentralized finance.
It is now open for anyone to be part of the Decentralized finance revolution. It gives everyone the power to freely and securely exchange value, something that was previously the exclusive domain of the powerful few.
You can do more with your money by becoming a part of a decentralized world and a thriving community. Like your personal finances, your wealth is yours alone. As simple but powerful, this is the idea that drives the decentralized world. And that is an opportunity that not only protects your money, but also makes it more valuable over time.
Conclusion
Money is the foundation of our economy, and Decentralized finance can rebuild that foundation for the better. Cryptocurrency will change the world and has the potential to offer everything that fiat money is unable to, and the Decentralized is the portal for that change. We are at a turning point, and the web3 community is ready for the future. But if you decide to participate in the revolution as a beginner, it will be a difficult path, but the one that has the potential for freedom, empowerment, and wealth.
Look around at the multitude of people waking up to the fact that the future does not belong to the rich. Join the revolution and make the impossible a reality. Free your money and free your world.