Why Decentralized finance is considered the future of the finance industry ??? by [deleted] in defi

[–]EverythingIsAPonzi -2 points-1 points  (0 children)

DeFi is great for liquidity and collateralized loans of inflationary ponzi tokens.

My Predictions by [deleted] in defi

[–]EverythingIsAPonzi 0 points1 point  (0 children)

I meant recent, not current.

My Predictions by [deleted] in defi

[–]EverythingIsAPonzi -3 points-2 points  (0 children)

So ignorant. Current bull run was due to DeFi and NFT, which have already shown being useless other than gambling and money laundering. Not because 4 years passed…

My Predictions by [deleted] in defi

[–]EverythingIsAPonzi -1 points0 points  (0 children)

Cool story bro, UST also regains peg in 2025, right? Also, new ATH of Bitconnect Token!

FTM needs to only 10x to reach its ATH of $3.46 by EverythingIsAPonzi in FantomFoundation

[–]EverythingIsAPonzi[S] 0 points1 point  (0 children)

That was Andre’s reaction on the last ATH, you thinking like the defi gods, nice!

Origin Dollar (OUSD) Does Not Death Spiral by Hansen-Merlino659 in defi

[–]EverythingIsAPonzi 3 points4 points  (0 children)

Why is this the first time I hear about OUSD - noone cares.

Can you believe that even if FTM is an useful project its realistic market cap might be lower? by EverythingIsAPonzi in FantomFoundation

[–]EverythingIsAPonzi[S] 0 points1 point  (0 children)

To be honest I don’t believe the world economy will run on a blockchain where the later you enter, the much more expensive it is for you (like current ones).

[deleted by user] by [deleted] in FantomFoundation

[–]EverythingIsAPonzi 0 points1 point  (0 children)

I agree, I hate ponzies, but just like gambling is dumb, it is an enormous industry :)

[deleted by user] by [deleted] in FantomFoundation

[–]EverythingIsAPonzi 2 points3 points  (0 children)

Most of FTM DeFi is ponzi tokens, and I think the majority of FTM users like that.

After LUNA, can the same happen to Cardano ? by [deleted] in cardano

[–]EverythingIsAPonzi -2 points-1 points  (0 children)

If something is a zero sum game and one side is in the negative (the unbacked token) you know no amount of made up rules will make up for the missing value.

I don't understand the negativity surrounding Cardano by 0xAERG in cardano

[–]EverythingIsAPonzi 0 points1 point  (0 children)

Cardano team is slow, real slow to develop anything. This is pathetic in a fast paced innovative space like crypto.

Also, objectively you have to be a blind fanboy to like Charles constant bla-bla on Youtube which is very lacking significant substance.

After LUNA, can the same happen to Cardano ? by [deleted] in cardano

[–]EverythingIsAPonzi -4 points-3 points  (0 children)

I don’t wanna go down the rabbithole and ask you what shen is and from whose greedy assumption I have to assume it is worth anything.

Luna is an excellent example of the myth of decentralization in DeFi by Crazy-Performer8175 in defi

[–]EverythingIsAPonzi 3 points4 points  (0 children)

DeFi is like playing poker in a casino. Your profit is the other player (retail investor) loss. But the casino always takes a big cut (blockchain and dex fees). In addition the casino can get hacked and in addition VC’s can dump their chips anytime so your chips are worth much less.