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As someone with a similar-ish position to yours, I think by the time someone figures out how to build something useful with this technology, the terminology of
by sdiacom 4y ago
As someone with a similar-ish position to yours, I think by the time someone figures out how to build something useful with this technology, the terminology of cryptocurrencies (blockchain, "defi", NFTs and whatever a "web3" is) will be so tightly associated with scams, that this new useful thing will use completely different terms to describe itself.
- nkozyra 4y agoWhile true, there's an endless supply of new buzzwords to use to capture another round of rubes.
- zeroclip 4y agoThese things already exist. Uniswap, Aave. Both pretty easy to use and can not just go insolvent on you.
- sdiacom 4y agoThe only currently existing purpose of those things is to trade scam tokens for other scam tokens, which makes them effectively meta-scams. What I mean is that, like Ethereum, they're not scams in itself, but their only real-world use-case is to provide a decentralised platform on which to run scams.
- zeroclip 4y agoLazy and shallow take. But at least those using the “scam” DeFi protocols still have custody of their assets, which is not the case with FTX depositors.