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If you don't understand the value of finance then of course you're not going to understand the value in decentralized finance. Finance is still a multi trillio

If you don't understand the value of finance then of course you're not going to understand the value in decentralized finance. Finance is still a multi trillion dollar industry, and will continue to grow and be useful to millions of people regardless of your opinion.

McLaren_Ferrari 4y ago
Right...what is the revenue of Uniswap? Zero, because the point is not to make revenues but to bake in any form of perceived utility into the appreciation of a token. Again only use is speculation Also how many lives would be disrupted if Uniswap disappeared tomorrow? None, those who hang out on there would simply download Robinhood go to Vegas to satisfy their need to bet compulsively What if Exxon, Shell, Microsoft, Walmart or Amazon disappeared overnight? What about Xiaomi a company founded in 2010 , 2 years after BTC whitepaper? If your goal is to make revenue and improve the quality of life of people 10 years are a whole lot to get somewhere and have your product become a vital improvement in their lives. Crypto got nowhere in therm of real world use because the goal was never to make a difference in the real world. It's all about pumps and dumps, hype, kool-aid and build virtual casinos for compulsive gamblers. The goalposts of adoption are always moved into the future because as long as there is the hope of adoption the general perception is that people will come flowing into the ecosystem in the hope of striking it rich. Just like Tesla. If you ask people it's a startup, in reality it's a 22 years old company. Standard Oil managed to achieve total domination in the oil business and be broken up by the govt. in the same timeframe and we are talking about the 1800s
- TimJRobinson 4y ago
  > Right...what is the revenue of Uniswap? > Zero, because the point is not to make revenues but to bake in any form of perceived utility into the appreciation of a token. Again only use is speculation Uniswap has an annual run rate of over $1 Billion. It's one of the fastest growing startups in history. But why let facts get in the way of opinions? I'm sure in your fantasy land where everyone does exactly as you want them to everything will be perfect and no resources will be wasted.
  - McLaren_Ferrari 4y ago
    The bitcoin network generates fees too. Doesn't make that a form of revenue though. By the same token an insurance company doesn't treat the premium taken in as revenue, it becomes listed as Asset under management. Revenue is when the consumer buys something from a company and it improves their quality of life. Like buying a 10 gallons of gas from Exxon. It is very direct, straightforward and most importantly it's an exchange of money for a good or service, not asset for asset, loans, RePo or any other form of financial engineering, all that stuff comes after commerce, not before and is listed under capital/trading gains, not revenue
    - TimJRobinson 4y ago
      That $1B is money directly going to Uniswap and liquidity providers. They do over $1B in volume PER DAY and from that change a ~0.3% fee. You should really google this stuff and challenge your assumptions rather than assuming.

McLaren_Ferrari 4y ago

Right...what is the revenue of Uniswap? Zero, because the point is not to make revenues but to bake in any form of perceived utility into the appreciation of a token. Again only use is speculation Also how many lives would be disrupted if Uniswap disappeared tomorrow? None, those who hang out on there would simply download Robinhood go to Vegas to satisfy their need to bet compulsively What if Exxon, Shell, Microsoft, Walmart or Amazon disappeared overnight? What about Xiaomi a company founded in 2010 , 2 years after BTC whitepaper? If your goal is to make revenue and improve the quality of life of people 10 years are a whole lot to get somewhere and have your product become a vital improvement in their lives. Crypto got nowhere in therm of real world use because the goal was never to make a difference in the real world. It's all about pumps and dumps, hype, kool-aid and build virtual casinos for compulsive gamblers. The goalposts of adoption are always moved into the future because as long as there is the hope of adoption the general perception is that people will come flowing into the ecosystem in the hope of striking it rich. Just like Tesla. If you ask people it's a startup, in reality it's a 22 years old company. Standard Oil managed to achieve total domination in the oil business and be broken up by the govt. in the same timeframe and we are talking about the 1800s

TimJRobinson 4y ago
> Right...what is the revenue of Uniswap? > Zero, because the point is not to make revenues but to bake in any form of perceived utility into the appreciation of a token. Again only use is speculation Uniswap has an annual run rate of over $1 Billion. It's one of the fastest growing startups in history. But why let facts get in the way of opinions? I'm sure in your fantasy land where everyone does exactly as you want them to everything will be perfect and no resources will be wasted.
- McLaren_Ferrari 4y ago
  The bitcoin network generates fees too. Doesn't make that a form of revenue though. By the same token an insurance company doesn't treat the premium taken in as revenue, it becomes listed as Asset under management. Revenue is when the consumer buys something from a company and it improves their quality of life. Like buying a 10 gallons of gas from Exxon. It is very direct, straightforward and most importantly it's an exchange of money for a good or service, not asset for asset, loans, RePo or any other form of financial engineering, all that stuff comes after commerce, not before and is listed under capital/trading gains, not revenue
  - TimJRobinson 4y ago
    That $1B is money directly going to Uniswap and liquidity providers. They do over $1B in volume PER DAY and from that change a ~0.3% fee. You should really google this stuff and challenge your assumptions rather than assuming.