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Welcome to rabbit hole - Coggle Diagram
Welcome to rabbit hole
Cons
Mainly used by illegal entities
less laws and regulations
lack of integration with legal and conventional financial infrastructure
Consensus algo is bad for env.
Pros
Fast and decentralised
Great innovations
govCoins can take advantage of these DeFI apps
No evil tech monopolies
friction-less
It is envitable
DeFI world
Backbone of Virtual economies, helping control monopolies and manage privacies
Centralized world
Gov coins with fiat currencies
Hybrid one (interaction area) which will be highly regulated
Managing drawbacks
Environment
Regulation
Speculation
Crisis management