3 ms·
In my opinion crypto (i am talking about PoS with smart contracts) is about having a decentralized open source/standards cloud for financial services/ transacti
by Paradigma11 4y ago
In my opinion crypto (i am talking about PoS with smart contracts) is about having a decentralized open source/standards cloud for financial services/ transactions. That opens up many possibilities but everything has been completely drowned out by VCs starting defi ponzi schemes and other shenanigans.
- the_snooze 4y agoThe problem is that there's adverse selection going on here: people who aren't running ponzi schemes and other shenanigans are generally content with the regular banking system, so scammers are disproportionally present in the crypto world. Given that environment, it's mostly risk and little benefit for legit users in crypto. The killer app for decentralized finance so far is sidestepping laws. No wonder it's a den of snakes.
- salawat 4y agoPoS is centralizing by it's very nature.
- Paradigma11 4y agoShow me. There are PoS chains running for a few years, so this should be observable.