DeFi And The Future Of Finance: A Book Review

Sep. 20, 2021 12:48 PM ETETH-USD6 Comments
John Lounsbury profile picture
John Lounsbury


  • DeFi is a current buzzword.
  • DeFi promises significant changes to banking and finance.
  • Some DeFi functions already exist.
  • DeFi maturity is far in the future.

Stack of Ether coins with gold background
BackyardProduction/iStock Editorial via Getty Images

How would you like to be your own banker? How would you like to have the equivalent of credit card function without the exorbitant interest rates that range from 14% to 24%? How would you like to have

This article was written by

John Lounsbury profile picture
John Lounsbury is Managing Editor Emeritus and Co-founder of Global Economic Intersection. Formerly provided comprehensive financial planning and investment advisory services to a small number of families on a fee-only basis. He has a background that includes 34 years with a major international corporation, 25 years in R&D management and corporate staff positions. More recently he was a Series 6, 7, 63 licensed representative with a major insurance company brokerage from 1992 to 2001. From 2002-2010 he operated his own sole proprietorship business. Specific interests include political and economic history, econometric analysis, and investment strategy analysis. Recreational activities include hiking, non-technical mountaineering, and alpine skiing. He was also a founding partner and former managing editor of 2010-2021.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: A review copy of the book was provided by the publisher.

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