Author of this content has low reputation.
RE: RE: The Curious Case Of DeFi - Where Does The Yield Come From?
You are viewing a single comment's thread from:

RE: The Curious Case Of DeFi - Where Does The Yield Come From?

Words
912
Reading
5 min
Listen
Play
5y

I guess my point is that we do have innovative projects but they are covered in so much noise and bullshit that people can't even find them in the pile of crap.

Yes exactly and we're trying to motivate the hive ecosystem not to fall in that trap. The more it falls into that trap the further behind it's going to get. it's very difficult to do that when people selling the community jpegs with no value and unsustainable defi products.. and there is one game on the entire chain that does well but in comparison to most popular games it's trade volume is very very low.

So we want to get this community to a point where it shuns products that don't create useful products for the world and that's hard to do as long as "we" as a community continue to support gimmicks. it's not even the problem it's a gimmick as much as the gimmick only has a few winners.

We can look at the stats and determine the only winners in crypto thus far are project creators and first movers just a few people who got in early and just already super rich people. That does nothing for the middle groups and the average person which is why in bitcoin 87% of the entire network is owned by only about 1%

that's not progress. that's not good it's an asinine believe in advancement when the only advancement will be people actually gaining a useful benefit from crypto which they aren't doing because they are substituting crypto for a gambling casino. Which is why the distribution rate of crypto is so horribly bad.

As long as it remains bad and it will because likely this will get worse before it gets better as the average person doesn't have any disposable income. so if it was bad before our economic woes, it's going to even be worse now that we're full in front of economic disaster. it's not getting better it's worse and the systems we create have to make it better.

The real problem lies in the copycats that don't want to innovate. They are here for the quick cash grab and they will do what is necessary to get some free cash from the uninformed masses.

Your statement here is the problem. I wish i was better with my words to state it so eloquently i unintentionally just call them dumb people because oppressed people and enslaved people typically wake up. They haven't done that.

I'm one of the good guys..themarkymark@themarkymark is one of the bad guys whether he is that intentionally or unintentionally he is selling us worthless jpegs.. So he is continuing to push everything wrong in this space which is not going to solve the problem

So i already know i'm on the right side of history i'm going to win this war. Simply because there is no way in hell the people can last in these unsustainable crypto systems and why would they? if all the people show up beyond this 2% that are here they keep talking about.. There is no possible way they will be playing you guys unsustainble games that they have to pay for just to make a few bucks.

there is no way they will keep giving their money to like 1% of the people in cloned defi trash products. Last but not least i can tell you without a doubt these people will stop giving their money to air in a bottle ideas like nfts..

The only part of the economy you guys crypto systems can convince to partake in these worthless products to humanity is the gambling area.. the billions that go into gambling each year and sportsbetting.. casinos... drug addicts who gamble state lottery tickets.. Sure you all will get some of those people money.

You won't get any real money to create any significant economy that will last and i'm willing to die on that hill that i'm correct.

it is worse than you think it is. inflation is like 20% now.. it is worse than you think it is.. i'm a financial professional i have worked on wallstreet.. i have run many successful businesses i know what i'm doing and what i'm talknig about.. marky mark doesn't lol.

it is worse than you think it is.. alot worse. within 5 years 49% of all the jobs will be gone to automation and no these people wont do something else. They will instead turn the world into a socialistic republic. That's not because i want it to be.. it's because it's likely it will be. it's inevitable.. now where people will find real value is in response to this because it's going to be the biggest problem there is.

Grown men sitting around playing games trying to make a living won't be that. yes their will be kids who get their parents to spend money on nfts and gaming on the chain.. however those parents won't have much money for that.. i've studied all of this and i know what i'm talking about. this is going to be really really bad

So the progress we're expecting in crypto will occur when crypto solves these peoples problems not before.

it should not have to take people like Ray Dalio, who's an expert to tell us this.. Should it? Does it take all of that to keep us from being willfully ignorant? themarkymark@themarkymark