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Defi is just the last incarnation of the blockchain-related 'get rich quick' scams, like the ICOs before it. It's proponents think that somehow it generates ama
by joosters 6y ago
Defi is just the last incarnation of the blockchain-related 'get rich quick' scams, like the ICOs before it. It's proponents think that somehow it generates amazing returns out of nothing. In reality, insiders and cheats are profiting from the gullible. (again, just like ICOs)
- ahallock 6y agoIt's easier to call everything a scam than actually spend time to learn. There are tons of Youtube channels, Twitter accounts, Reddit pages, Discord/Telegram groups, etc. with all the information. It's hardly "insider" knowledge. Are there scams and pump & dumps? Sure. But if you manage your capital, a few rug pulls aren't going to ruin you.