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> I didn't ask how much DeFi has grown, you said 1 to 40B I can divide 40 by 1. Im curious why you think no other sector has grown by $39B. Hey, fastest growin
by chrisco255 6y ago
> I didn't ask how much DeFi has grown, you said 1 to 40B I can divide 40 by 1. Im curious why you think no other sector has grown by $39B.
Hey, fastest growing, means RATE OF GROWTH. 40x is how life-changing gains are made. That's the number that VCs are hoping to hit when they poor several million into a startup. Right, the finance world works off of ROR, it's called Rate of Return. Look up that up sometime.
> The blockchain is slow, you know that right?
No, it's not. It has 100% uptime and you can execute ANY transaction within 15 seconds on Ethereum layer 1. Depending on congestion, you may have to pay a higher fee ($20-$40 as mentioned above). Paying $20 to settle millions of dollars in 15 seconds is a no-brainer for a company like VISA. It's trivial compared to what they currently pay to interact with the legacy system.
Anyways, you're obviously close-minded and anti-crypto, and you're going to get left in the stone age. Your ignorance is my alpha. Stay curious!
- arcticbull 6y ago> Hey, fastest growing, means RATE OF GROWTH. Fastest relative to? Do you have a chart or some numbers? Or are you just saying that because the number seems big? You know a 40X increase in locked-up value doesn't translate to 40X returns for anyone right? > No, it's not. It has 100% uptime and you can execute ANY transaction within 15 seconds on Ethereum layer 1. I believe Visa settles in 15 milliseconds lol. > Anyways, you're obviously close-minded and anti-crypto, and you're going to get left in the stone age. Your ignorance is my alpha. Stay curious! That's a very Crypto position to take, i.e. a zero-sum position. My "ignorance" (in spite of the fact I understand the space very well, I just haven't drank nearly as much koolaid as you have) has nothing to do with your "alpha." Trust me, I spend a lot of time researching this space. There's just nothing there.