"DeFi is a scam", says a random guy earning 0.5% APY on his savings at a popular bank.
"Why would you not invest in something more stable, like the American economy?"
"Equities are heavily regulated by the government. There's no way that they would allow retail investors to get taken advantage of by scam artist corporations."
"I mean where does the money even come from? Our dollars are backed by something. With these Bitcorns they just produce them out of thin air."
"I hear they buy drugs with them," says another person listening close by.
"It's basically untraceable. You can't do that kind of thing with dollars. They have serial numbers on them."
"It's a bubble. It will pop any minute. People should invest in something more stable, like real estate."
"I heard they're buying digital pictures for millions of dollars (NFTs). These millennials need to put down the avocado toast and open their eyes. They're being taken for a ride. It's not even real art. I actually own my paintings."
"With DeFi I hear they're giving out loans on the magic monopoly money. Basically they're letting other people get rich off of loaning out their money. The banks would never do that."
"The price swings are insane. I hear the markets are manipulated by large stake holders. They can't do that in the stock market."
"Miners use a lot of electricity when they are creating the coin. Traditional markets would never exploit the resources like this to make money."
Remember there is a large transfer of wealth taking place. Don't ridicule the critics. Embrace them. They're the ones making you the money. Enjoy living rent free in their heads.
What are some of the colloquialisms that you all hear about crypto?
