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This is a great summary, and HNers who knee-jerk hate crypto and say it's worthless should especially give it a read. It's becoming clearer that more and more f

This is a great summary, and HNers who knee-jerk hate crypto and say it's worthless should especially give it a read. It's becoming clearer that more and more finance is going to move to blockchain rails. IMO this is the future, and yes I have put my money where my mouth is on that opinion.

deleted 6y ago
[deleted]
udfalkso 6y ago
How does one best bet on the future of DeFi?
- slickrick216 6y ago
  Tricky problem. I’d probably buy some ETH/FTM/DOT to cover speculation on the infra side. Then get some YFI/AAVE/SNX/ROOK to cover the app speculation although there’s hundreds here to choose from. The approach I’m taking is a blockchain agnostic one. There’s lots of middleware projects with tokens such as GRT, REN and LINK. I see middleware growing really as it has utility in defi but also other applications.
- 3001 6y ago
  buy etherum
- hanniabu 6y ago
  Ethereum (ETH) and DeFi Pulse Index (DPI). Everything is built on Ethereum so the value of the network will be reflected in ETH. There are a few groups working in how to calculate the total value on chain as well as how this value should be related to and reflected in the price. DPI is a basket of DeFi tokens so you'll receive exposure to the big players through asset. You can think of this like an ETF.
- deleted 6y ago
  [deleted]
- rawtxapp 6y ago
  Ethereum seems to have the best network effects, developer community and actual capital running on it. If eth2 succeeds, it would probably be the winner, but there are lots of challengers, like polkadot. You might get yourself some BTC (as a reserve asset for defi), some ETH (as the oil or the machinery which makes the smart contracts go around) and maybe some DOT in case eth2 fails and dot delivers. p.s. personal opinions, not responsible for losses, etc etc.
- 3np 6y ago
  Unless you feel like really high stakes and/or getting really involved in keeping up with the nitty gritty, go for core infra stuff. For the past 5 years and the foreseeable short-to midterm. that mainly means ETH (Ethereum), preferably hedged by smaller positions in one or a handful of similarly scoped projects that could end up eating its mind- and marketshare (I won’t judge which are better bets but some candidates would be Polkadot, Cardano, Solana, Tezos. Stay away from EOS and Ripple, there’s nothing behind their curtains) Other more specific projects mentioned here like LINK, REN, various defi-specific solutions like AAVE/Uniswap, are more perennial and more suited for someone who actually uses these protocols or services, not something I would see as an investment.
ews 6y ago
HN (and the horribly named 'intellectual darkweb' to an extend) are sadly becoming 'old man yell at cloud' when talking about crypto. Unfortunately, most of the conversation on btc and DeFi has moved on to subreddits.
3np 6y ago
I've definitely seen a shift here over the past year or so. Now it seems that threads like this have more comments like yours than actual crypto-bashing comments. I think the tide has turned.
- 1996 6y ago
  > I think the tide has turned. Old people eventually retire and die. But it took BTC to go to 46k for the tide to turn! And given what I keep noticing every now and then here on HN, the moon seems to control the tide :)
hyko 6y ago
It’s possible to both recognise that cryptocurrency is a cool tech and has value, and that it will not become the primary fintech. A hovercraft is insanely cool tech, and has value, but you’re not driving to work in one.

deleted 6y ago

[deleted]

udfalkso 6y ago

How does one best bet on the future of DeFi?

slickrick216 6y ago
Tricky problem. I’d probably buy some ETH/FTM/DOT to cover speculation on the infra side. Then get some YFI/AAVE/SNX/ROOK to cover the app speculation although there’s hundreds here to choose from. The approach I’m taking is a blockchain agnostic one. There’s lots of middleware projects with tokens such as GRT, REN and LINK. I see middleware growing really as it has utility in defi but also other applications.
3001 6y ago
buy etherum
hanniabu 6y ago
Ethereum (ETH) and DeFi Pulse Index (DPI). Everything is built on Ethereum so the value of the network will be reflected in ETH. There are a few groups working in how to calculate the total value on chain as well as how this value should be related to and reflected in the price. DPI is a basket of DeFi tokens so you'll receive exposure to the big players through asset. You can think of this like an ETF.
deleted 6y ago
[deleted]
rawtxapp 6y ago
Ethereum seems to have the best network effects, developer community and actual capital running on it. If eth2 succeeds, it would probably be the winner, but there are lots of challengers, like polkadot. You might get yourself some BTC (as a reserve asset for defi), some ETH (as the oil or the machinery which makes the smart contracts go around) and maybe some DOT in case eth2 fails and dot delivers. p.s. personal opinions, not responsible for losses, etc etc.
3np 6y ago
Unless you feel like really high stakes and/or getting really involved in keeping up with the nitty gritty, go for core infra stuff. For the past 5 years and the foreseeable short-to midterm. that mainly means ETH (Ethereum), preferably hedged by smaller positions in one or a handful of similarly scoped projects that could end up eating its mind- and marketshare (I won’t judge which are better bets but some candidates would be Polkadot, Cardano, Solana, Tezos. Stay away from EOS and Ripple, there’s nothing behind their curtains) Other more specific projects mentioned here like LINK, REN, various defi-specific solutions like AAVE/Uniswap, are more perennial and more suited for someone who actually uses these protocols or services, not something I would see as an investment.

ews 6y ago

HN (and the horribly named 'intellectual darkweb' to an extend) are sadly becoming 'old man yell at cloud' when talking about crypto. Unfortunately, most of the conversation on btc and DeFi has moved on to subreddits.

3np 6y ago

I've definitely seen a shift here over the past year or so. Now it seems that threads like this have more comments like yours than actual crypto-bashing comments. I think the tide has turned.

1996 6y ago
> I think the tide has turned. Old people eventually retire and die. But it took BTC to go to 46k for the tide to turn! And given what I keep noticing every now and then here on HN, the moon seems to control the tide :)

hyko 6y ago

It’s possible to both recognise that cryptocurrency is a cool tech and has value, and that it will not become the primary fintech. A hovercraft is insanely cool tech, and has value, but you’re not driving to work in one.