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/biz/ - Business & Finance


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49831667 No.49831667 [Reply] [Original]

DeFi turned out to be a massive scam.

>> No.49831742
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49831742

>>49831667

yes wow, who could have predicted that 9000000% Apy was scam

>> No.49831757

>>49831667
Where do you think apy comes from? Thin air? No just other dumb idiots getting in after you.

>> No.49831799
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49831799

>>49831667
I invest in SHEfi
i love women so much bros wtf
>I WILL sniff the asshole
>she WILL enjoy it

>> No.49831813

>>49831667
>decentralize finance
>everyone tries to scam everyone else since there's absolutely no recourse or regulation preventing them from doing so
Shocking.

>> No.49831842

>>49831813
ngmi

>> No.49831861

>>49831667
All of it. And now we are stuck with contagion risks from hell thanks to Luna. Will certainly be interesting to see who goes under next - the last two years has been one giant fucking lie and money grab from VC.

>> No.49831867

>>49831667
You guys have too high of expectations in unrealistic time frames
Give defi 5 years to build interesting products and infrastructure
In 2030 all of you losers here will be bragging about being on biz in 2022. Before meme coins became regulated.

>> No.49831871

>>49831667
Crypto is a scam

>> No.49831923

>>49831742
Yes. Who could have known that 20% APY meant 2% APY plus 18% chance of getting wiped out?
>assuming the operation was well run and not just spending your assets on hookers and blow

>> No.49831928

>>49831757
Also apy can be produced through the rapid debasement of existing holders of governance tokens

>> No.49831934

>>49831667
No centralised trash pretending to be turned out to be

>> No.49831952

>>49831667
Imagine my SHOCK

>> No.49831981
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49831981

>>49831667
iNtErCoMpOsAbiLiTy

>> No.49832004

>>49831667
DeFi is just Bitconnect lite, I've been saying this for ages now.