Yes indeed, crypto and smart contracts will replace central banks as the lender of last resort. The blockchain is a bank with all the open distributed ledger technology in my opinion.
Binance Smart Chain apparently had some crashes this past week, so there are still loopholes in the system. It's not prefect yet. Loads of customers want a class action law suit against them.
NFTs are also a good platform for concert tickets and collectibles if DeFi loses ground, but this is still the early days of blockchain innovation.
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BSC is centralized so they are opening themselves up to issues. It is also putting the entire DeFi space at risk.
Sadly, for now, it is where the action is. We desperately need things to evolve and branch out.
The HBD interest is a nice addition. Hopefully we can get the peg right and start taking Hive to another level in terms of the DeFi that exists on here.
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