For the average American, cryptocurrency may be just a fad: at best a speculative investment vehicle, and at worst a haven for money laundering and ransom-seeking cyber-terrorists.
But in truth, blockchain technology – which underlies both cryptocurrencies and the promising, loosely regulated world of decentralized finance, or DeFi – isn't quite so one-dimensional.
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There are, of course, enormous financial opportunities (and risks) everywhere you turn your head. But dig a little deeper than cryptocurrency price fluctuations and surface-level discussions over where the chart will go next, and you won't be disappointed.
Dig deeper, and you'll find that blockchain technology has birthed a never-ending Russian nesting doll of innovation and possibility: $200 million millisecond-long uncollateralized loans, decentralized autonomous organizations, or DAOs, that can rival the power of corporations, and so on.
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