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>“DeFi” that’s MLM but with more steps Any system that uses decentralized verification to wrap trading deals is DeFi. The core quality of a MLM is that early
by kurisufag 4y ago
>“DeFi” that’s MLM but with more steps
Any system that uses decentralized verification to wrap trading deals is DeFi.
The core quality of a MLM is that early adopters benefit more, which is totally unrelated.
- cuteboy19 4y agoPractically speaking they all work the same way. A good way to know is if they have their own bespoke utility token instead of eth or whatever else
- UncleMeat 4y agoWhat cryptocurrency has a distribution curve where more coins will be given out in the future, preventing benefit from going to early adopters?
- kurisufag 4y agoanything where mining is inflationary (or at least disinflationary where the rate of inflation outpaces the rate of "lost" coins). Monero/XMR kind-of-sort-of falls into the second category, with "fresh" coin minting being a part of the mining process, although probably not at a rate that outpaces regular rot/deflation. the mindset of securities trade, even when they have some external utility, will always be "getting in before it gets big". this is the idea behind essentially all analytical stock trading, yet the NYSE never seems to get called a ponzi scheme.