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An 80 billion market cap in Ponzi scheme products with no star companies that testify the usage of said products sounds like a scam.
by Daishiman 5y ago
An 80 billion market cap in Ponzi scheme products with no star companies that testify the usage of said products sounds like a scam.
- rhlsthrm 5y agoAave, Compound are both not Ponzi schemes and allow you to lock things like USDC and ETH (also not Ponzi schemes) for others to borrow, and earn interest. It's automated lending, I don't understand how people are not excited about this.
- Daishiman 5y agoBecause the only reason this is useful is if people are _using_ it. There is not a goddamn person in this planet using this finance their car or their house that's not a crypto fanatic with no rationality to their finances. That's not a market. A circlejerk of crypto funds trading amongst themselves is not a market. You don't see a single institution, collective, or government actually supporting or putting their money on this with the exception of more speculators. Financial technology is worthless if it's not used for things outside of finance.