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I completely agree with this; the prior example given for bitcoins value (that it is used in defi for flash loans, etc) is literally deriving its value from mov

by tevon 5y ago

I completely agree with this; the prior example given for bitcoins value (that it is used in defi for flash loans, etc) is literally deriving its value from moving value around (internal to the crypto ecosystem). Flash loans are used to arbitrage across exchanges, not create any extrinsic value.

RustyConsul 5y ago
Yeah! Isn't it fantastic? You solve the double spend problem you have in traditional finance! Due to this emergent phenomena of smart contracts you can have very low slippage between exchanges, high liquidity and high yields. A.K.A Every stock market financiers dream.