{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Ep. 2: Is decentralized finance the future? Or a false hope?","description":"Decentralized finance feels like the future. This category of financial services is built on blockchain technology and transacted solely in crypto. It\u2019s executed by automated programs called \u201csmart contracts,\u201d which helps reduce costs. And advocates say DeFi is more democratic: Everyone involved is just an anonymous node on the blockchain, making favoritism impossible. But how will it really play out? Some tell the Boston Fed\u2019s podcast, Six Hundred Atlantic, that it requires too much tech savvy to be truly inclusive. Others worry about the safety of a \u201ctrustless system,\u201d where the lack of an intermediary could make DeFi vulnerable to people with bad intent. And skeptics doubt decentralized finance can remain decentralized at all. &amp;nbsp; View the presentations New York University professor Hanna Halaburda and UC-Berkeley professor Christine Parlour submitted for the  Boston Fed\u2019s 68th Economic Conference. Watch the panel they participated in, titled \u201cDecentralized Finance (DeFi), Blockchain\/Distributed Ledger Technology (DLT), and Smart Contracts: Hope or Hype?\u201d ","author_name":"Six Hundred Atlantic","author_url":"https:\/\/www.bostonfed.org\/publications\/six-hundred-atlantic.aspx","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/37227595\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/190217700"}