The reality of the situation is none of them are sustainable including this polygon cub business. So let me shed some light on all of this. So when i created the bbd coin and it's annual yield it was directly relational to the projected value the token ecosystem can generate over time.
Now where my math was incorrect was in the timeframe but not the value system. The problem with these crypto projects is they can never bring in the sustainable value. So they can only go through stages of bubbles and not downturns but just straight out crashes.
It's funny because people on the hive system laugh at my projects because they can only think in terms of a shortsidedness where they see dollars flashed in the short term in front of them but dollars that are not sustainable long term in the ecosystem.
So at best i can compare it to walking into a casino and perceiving the value of a casino token to be $40,000. Now that casino token can be worth zero dollars or a million dollars during the course of that night. it can be any value. however after the game we know it wont have any value at all. that's how these defi projects work.
it's just a casino token with no real perceived value. now how do you seperate that from actually collecting real yields ina valuable project. Well there is the keyword.. " valuable" vs no value. So when i look at something like facebook. i don't care if you don't like it.. i don't care if you don't like instagram. i don't care if you think it steals your right to freedom of speech.. none of that really matters in the scope of how value gets derived.
those are just your philosophical, political and religious views on a subject. They don't matter anything after that. If there are 2.8 billion accounts on a platform with 600 million of them lets say are fake.. That doesn't matter either because that steal means there are billions of people finding value in those networks.. that's all that matters in the end.
Now these defis are unsustainable because they constantly dilute one another. As to say no defi offers any real value over the other in crypto.. it's all conceptual. What's real is the network effect and the value of the community itself. So if you got a community of 2 million people the reality of the situation is technically you're never going to carry any significant value relational to creating more value to the ecosystem.
Let me explain it this way. Many predict the united states will eventually lose the technology war to china.. which means it will lose everything in the end simply because china has more people... in the scope of technology more people equals more data. So how can you win if you don't have the people to create the data for the new ai systems.
The same thing exist in defi. you can't have sustainable returns without the new value systems coming in to keep them going. You can't have new value as their is no incentive in building another slot machine or dispensary machine.
When i create projects like bitcoin myk and bbd coin the reason i laugh at you all in crypto is because i know the data supports me. That over 80-90% of the globe will choose the citizen's dividend over defi and nfts'.. because the next biggest wave is the social token.. all community driven based on need. Not based on in my view it's a good idea that you should have the right to say whatever you want.
thats a dumb idea. Simply because nobody feels anybody has the right to say whatever they want. Which is why we all try to shut people up, lol. So if we don't believe that are we ever truly going to support that idea? The answer is no.
So they can't sustain themselves.. i don't care if you holding bags in it. .you only holding that casino chip for that night hoping to dump bags on someone else. you haven't created a real helpful and useful obviously not sustainable financial system.
I have.. you all haven't.. why have i and you all haven't... It's simple i'm like 10x smarter than you all. This is a childish view to believe by holding a bag in something and liking it because you hold the bag in it that it should give you 600-700% returns per anum.
When in reality it's just going to straight out crash on you to the floor down. So when you read my threads and you see people laughing at me making those stupid and dumb commentary. Which they will do because tehy are stupid. Remember i'm the guy who said you're wasting your time with these unsustainable defi projects that don't help anybody at all. Just remember i'm that guy.
RE: The Curious Case Of DeFi - Where Does The Yield Come From?