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> I came here to say this exact same thing. There is seriously interesting and useful real work being done under the umbrella term "decentralized finance" or De
by atweiden 6y ago
> I came here to say this exact same thing. There is seriously interesting and useful real work being done under the umbrella term "decentralized finance" or DeFi. It is hard to cut through the noise of get rich quick schemes, but at the core, the DeFi stuff, built on top of green cryptocurrency (proof of stake), along with quickly improving zero-knowledge proof tech, is actually useful and groundbreaking.
The truth is that no one uses cryptocurrency for anything. Ethereum is just as much a speculative store of value as Bitcoin is, if not moreso given the numerous competitors it has to contend with — Bitcoin arguably has none.
In a way, “speculative store of value” has merely been whitelabeled under the terms “digital gold” and “defi”. The people who claim increduously they’re buying ETH to do transactions are misrepresenting the situation to an extreme degree.
> Bitcoin and proof of work should totally be banned.
Where is your disclosure statement?