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> providing yields for no inherent value due to lack of use case, appears more like a Ponzi scheme than investment in a nascent technology. I think people are
by carterklein13 6y ago
> providing yields for no inherent value due to lack of use case, appears more like a Ponzi scheme than investment in a nascent technology.
I think people are trying to assign a narrative to DeFi and its use cases, when buy and large it's nothing more than a new financial instrument. Calling it a Ponzi scheme or trying to attribute its longterm benefits are both, in my opinion, meaningless because for the time being there is a purpose (being a financial instrument) that it's serving.