this post was submitted on 06 Aug 2026
336 points (94.7% liked)
Technology
87079 readers
4026 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think the idea of decentralized finance was to normalize company scrip again.
Now that AI can be used to track and geofence workers, you don't actually need to get rid of the USD. You just need to have an AI flag every transaction that happens 50 miles outside your registered address to be considered fraudulent and rejected. The anti-fraud infrastructure is already there.
It also makes regulatory scrutiny even harder, enabling many traditional methods of fuckery which have been made illegal in other contexts.
The whole idea behind defi isn't just minimizing frauds; it's literally to decentralize the monetory system and giving the control in the hands of people. The last thing people need is another layer of data collection on top of it.