/biz/ - Business & Finance

This defi bubble annoys me because when it pops, if it hasn’t already, it’s going to drag down Eth, thus BTC, thus every other legitimate project within the crypto sphere. The entire market is speculative and produces essentially zero value at this time. This in of itself is not a problem, however; as it relates to defi, it’s concerning because there’s no reinvesting of staked capital into firms that produce tangible goods or services (value) as there is in the traditional market. Currently all defi does is circulate a fixed supply of stable coins around and ‘round in circles, but mostly in the direction of dumb money to ruggers and savvy whales. Obviously this is unsustainable, and once a critical mass realize that the sum of their accumulated yield interest is worth $0, we’ll see a nasty correction. I worry that the stock market dumps may have hosed defi too early, before people could really learn their lesson. Will probably pick up steam again if March 2.0 fails to occur.

>>20041518
Change my mind. B is the moral answer as well. While choice A is the practical/utilitarian answer (only Choice A is productive), giving it to A is technically stealing.

>>16312734
He can afford constant high quality therapy every year. Most of us will have to settle for the economy plan and hesitate when you have to do it again next year.

Might as well not do it at all.