Crypto Gurus - Is DEFI a scam?

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  • carolwebb
    Confirmed User
    • Jan 2020
    • 221
    #1

    Tech Crypto Gurus - Is DEFI a scam?

    Crypto Gurus - Is DEFI a scam?

    Smart contracts were all the rage, and nothing came of it. Now everybody is talking about DEFI. Sound like a scam to me.
    Should I start my own DEFI then?

    Thoughts?

    BCams
    :
    hard core redditor
    Tags: None
    • k0nr4d
      Confirmed User
      • Aug 2006
      • 9231
      #2
      IMHO everything with smart contracts is doomed to failure from an investment point of view (which isn't to say well timed money can't be made).

      Case in point, ETH.
      If you have ICOs, where you need to buy those coins with ETH, you suddenly have a bunch of people that run these ICOs with a ton of ETH. They now need to sell their ETH in order to fund their "projects" so all this ETH gets dumped onto the market...
      Mechanical Bunny Media
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        • jscott
          jscizzle
          • Feb 2001
          • 25415
          #3
          Uniswap seems like an online casino.

          IMO Defi is ICO 2.0.

          I don't believe most Defi is scam, but seems like a massive house of cards.
          If you think tough men are dangerous, wait until you see what weak men are capable of.
          - Jordan B. Peterson
          Listen to Pomp tell why is Bitcoin important

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