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26311023 No.26311023 [Reply] [Original]

11 days ago I made this thread >>25800324 asking for the potential upside of CRV token and since then it's up 190%. I decided to don't invest because I didn't get the correlation between the value of the project and the value of their governance token. So I'm here asking again WHY A GOVERNANCE TOKEN CAN GO UP IN VALUE????????? IS IT JUST SPECULATION OR THERE IS SOMETHING I DON'T GET????????????

>> No.26311226

>>26311023
Check Cudos and explain that to me as well

>> No.26311831

>>26311226
yes

>> No.26311915
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26311915

>he didn't invest in the governance token of one of the most valuable DeFi protocol when it was cheap

>> No.26312003

>>26311023
>HOW CAN A GOVERNANCE TOKEN GO UP IN VALUE
Its the closest thing to shares in the crypto world. You use them to vote, you can get a dividend of sorts by staking. If anything governance tokens are the most intrinsically valuable crypto assets.

>> No.26312269

>>26311023
congrats OP, you figured out the reason why defi makes stupid amounts of money (there are people RETARDED enough to actually buy these tokens that farmers get for free).
if something sounds too good to be true it probably is. curve and uniswap worked just fucking fine without tokens and dont let anyone tell you differently
>>26312003
this fucking faggot right here for example

>> No.26312874

>>26312269
Defi is a better value proposition than any other form of crypto because its the only form of crypto that provides an actual service people want to pay to use.

>> No.26312884

>>26312269
I'm worried that defi is going to hinder IRL adoption of smart contracts.
>smart contracts? Isn't that how all those reddit Nazis lost all that money back in 2021? No thanks, I'll just stick with my notary and contracts attorney.

>> No.26312937

>>26312269
>there are people RETARDED enough to actually buy these tokens that farmers get for free
HURRR DON'T BUY BITCOIN BECAUSE MINERS GET IT FOR FREE DURRRR
You are a fucking retard.

>> No.26313034

>>26312874
defi is fantastic and probably the future but governance tokens are very scammy
>>26312884
sounds a bit retarded and unlikely, defi is a great testing bed for security and innovation gains
>>26312937
>implying mining is free
no u r the retard