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The business case is that people will buy their tokens/invest on their platform which will increase in value which will cause more people to buy in etc. If you
by earthtolazlo 6y ago
The business case is that people will buy their tokens/invest on their platform which will increase in value which will cause more people to buy in etc. If you look closely enough just about every successful blockchain project is a ponzi scheme on some level.
- anjc 6y agoDefi works regardless of the price of the underlying asset
- earthtolazlo 6y agoAs far as I can tell, any defi project that isn’t an outright scam is just providing credit to people to speculate on cryptocurrencies. I’d be curious to see any counter examples. Otherwise it’s just turtles all the way down.
- anjc 6y ago> providing credit to people to speculate on cryptocurrencies ... turtles People do use it for leverage but who cares. It doesn't undermine the contracts, and certainly doesn't make the concept worthless. You can securely lend/borrow stablecoins globally with zero middlemen. What you do with the credit/interest is your own business.