DeFi Niagara is a meetup in Canada’s Niagara Region, focused on Decentralized Finance.
We normally meet between 7 & 9 PM on every 3rd Tuesday of each month, at Manhattan’s Bar & Grill in St. Catharines, Ontario, Canada.
One of the topics inherent to our discussions are the fact that increasing centralization means decreasing competition and less options & choices for people.
Decentralized finance is a distributed architecture of financial systems, which developed as a counter-reaction to the increasing corruption found as centralization increases. Centralization means the concentration of power & money into an increasingly smaller number of plays; that’s why institutions such as banking in Canada are named “the big 4” or whatever small handful of options there are.
Decentralized systems & assets such as Bitcoin can be sent & received between people without a “trusted 3rd party” such as a bank. Cryptographic techniques have protected the integrity of Bitcoin since its inception, and that means people can reliably send & receive bitcoin without a bank or other centralized authority imposing increasingly meritless rules that are used to manipulate authority to unethically benefit banksters and their cronies. Authoritarian/Totalitarian governments hate decentralized systems too.
Hope to see you there,
Daniel Shakhmundes and the AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA team