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Owning and holding Bitcoin is not a scam. That's about it.
by rufusroflpunch 4y ago
Owning and holding Bitcoin is not a scam. That's about it.
- kayamon 4y agoNot your keys not your coins. If you put your money in someone else's bank then they'll loan that money out against your will.
- mritchie712 4y agoIt'd be pretty easy to create a "defi credit union" that's not a scam, it'd just be hard to cut thru all the noise. Give 3% to 5% yields on saving, lend at 8% to 12%. The problem is people see "230% yields" (which are scams) and wouldn't know your legit 5% yield is for real.
- shawabawa3 4y agoThere are tons of legit projects that do exactly that The most well known is probably Maker https://makerdao.com/en/ https://makerdao.com/en/ But there's also Aave, Benqi, and a bunch of others.
- mritchie712 4y agoyeah, I'm with you, it's just hard to tell which ones are reputable
- JumpCrisscross 4y ago> be pretty easy to create a "defi credit union" that's not a scam, it'd just be hard to cut thru all the noise. Give 3% to 5% yields on saving, lend at 8% to 12% This is a bank. Running a bank is not easy.
- yellowapple 4y agoOr just stake some proof-of-stake cryptocurrencies. Most Cardano stake pools (for example) are right around that ~4% yield figure, last I checked.