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to be fair, all of this CeFi crap is against the core ethos of crypto. No serious crypto person will tell you to use CeFi. "Not your keys, not your coins" is
by puranjay 4y ago
to be fair, all of this CeFi crap is against the core ethos of crypto.
No serious crypto person will tell you to use CeFi.
"Not your keys, not your coins" is the first rule of crypto.
- yunohn 4y ago> No serious crypto person will tell you to use CeFi. Nobody used the term CeFi before this crash. It’s just a No True Scotsman excuse for crypto scamming.
- puranjay 4y agoI don't understand what's the scam in this. You buy BTC because you either seek to profit from it, or you believe in the core philosophy behind it. Both of these are your own decisions. A scam would be you buying a phone from Amazon and getting a brick. BTC is exactly what it describes, nothing more, nothing less. If you got greedy enough to dump your BTC onto a centralized service for 3% yield, that's on you. As is the decision to buy BTC.
- yunohn 4y ago> BTC is exactly what it describes, nothing more, nothing less. And that is what exactly - A store of value, a 10^n investment, a medium of exchange, a ledger, etc?
- puranjay 4y agoThat’s for you to decide. Its properties aren’t hidden. You get the rules handed to you upfront and the rules are always adhered to - BTC inflation will always be what the whitepaper describes. Think of it like poker. People lose money playing poker too. Is poker a scam? Nope. You might call it unethical or gambling, but unless a player is cheating, its not a scam. And any participant willingly agreed to the rules before playing. Same with BTC. If you bought BTC, you willingly agreed to the rules. If you didn’t “win”, that’s on you, not the “game” itself.
- yunohn 4y agoSo it’s a game, like poker? Not the kind of concepts I mentioned earlier? Because poker is /none/ of those.
- spaceman_2020 4y agoNow you're being deliberately obtuse. I can't engage further. Sorry.