DeFi started with the birth of Bitcoin, not with Ethereum and smart contracts!
Well, we are not going to define decentralized finance anymore; there is already a ton of content on that.
Look at this a little 👀
This P2P payment system that breaks down barriers between social classes and crosses international borders fills the gap left by transparency in our traditional finance system and security while remaining autonomous without being under the tutelage of a bank or central institution. Yes, this is indeed decentralized finance that the Bitcoin white paper talked about on the day of its publication, whether people admit it or not, Bitcoin is the precursor and the main advocate of DeFi to this day.
Although Ethereum has perfected this and scaled it up to facilitate the use of all financial services by individuals regardless of their geographical situation and social status thanks to the implementation of smart contracts, the $BTC has been the source of inspiration.
Speaking of its limited supply of 21 million Bitcoins and the system by which these bitcoins are issued compared to TradFi (traditional finance), these are two hyper-opposed things. Let me explain; We don't talk about finance without talking about money, that's clear, but in our TradFi system, monetary issuance is infinite and money is put into circulation without real transparency, what dat shit!!!
Bitcoin has healed everything by implementing mining and halving to fight against inflation and the centralization of circulating coins... Fix the money, Fix the world!
So, to talk about decentralized finance without paying tribute to Bitcoin is pure utopia, Bitcoin is the greatest financial revolution our world has ever known, studying Bitcoin is studying DeFi.