Silicon Valley Wang Chuan: DeFi will eventually replace CeFi

Silicon Valley Wang Chuan told Weibo that open, transparent and liquid high-tech technology will eventually overcome undisclosed, covert, low-water, low-tech technology. DeFi will eventually replace CeFi. This logic is very true. The Cefi looks like a traditional newspaper including the New York Times. The channels are few and monopolized. Real marketing is limited and comments are slow. DeFi type social media like Twitter, after all, anyone can do business as a friend with friends, now a small but rapidly growing business. When the product of a technology application crosses the threshold, it can replace unnecessary CeFi.