/biz/ - Business & Finance

Yeah interest or trading fees is just bullshit black magic
You are fucking retarded

>>52296993
"STAKING"
>they print me more tokens to not sell my tokens

>>52297020
>You are fucking retarded

BAHAHAHAHAHA

DIGITAL GOLD (9% APY)

>>52296993
its not "free money" and its not a "pyramid scheme". i take enormous risk to secure the price of the token, and that risk requires a reward

>>52297094
Wow, so like junk bonds, but with more risk and less reward?

>>52297146
Junk bonds is debt, LP is an extremely safe contract with zero counterparty or default risk, you just take on the risk of impermanent loss, that is if one coin drops a lot you lose a lot, while if one coin moons you don't benefit that much.

>>52297088
lol @ this reaction image

>>52297183
What if both coins are dropping my bastard?

>>52297183
So you're providing liquidity for leverage traders... which is a form of buying debt.

>>52297020
zoomer cope

>>52297306
it's one of my favorites

>>52297495
Then you lose. I'm saying the LP contract itself introduces very little risk on top of holding the coins, and its not like a "junk bond" at all because there is no debt. Like using an LP with a shitcoin is risky because of the shitcoin, not the LP.

>>52297527
Huh? There is no leverage in a standard LP - liquidity pool - look up how it works.

>>52297044
Ironically the exact system the US dollar operates by. The fed increases interest rates, funded by printing more dollars, to get people to hold US dollars - the idea locking them up, deleveraging debt, to contract the supply and increase value of the dollar. Same concept as a high APY shitcoin funded by minting more tokens.

>>52297638
Yes, except the US has guns, oil, a long and mostly positive credit record, and the most productive economy on earth.

>>52297638
The fact that shitcoins copied the Fed's strategy doesn't make any of this shit any less of a scam

Can you guys just govern your own wallets please? Why do you keep leaving all your assets on the exchanges? The whole point was to decentralize banking.

>>52297678
lol, yes, I totally agree. Just saying. Can't criticize shitcoin ponzinomics without mentioning the king of ponzinomics is fiat currency.

>>52297020
>I'm going to give my money to someone untrustworthy and hope that I get it back and a little extra
>What could go wrong?

>>52297883
>completely transparent protocol run by open source code
>untrustworthy

>>52296993
>stake your coins for 10% yield
>price drops 90%

"PoS" is literally Proof of Shit

>Stake your coins
>Staking them does nothing to secure the network and is just a tiny incentive (which is zeroed by inflation) to psyop you into not selling

>>52296993
It's not a ponzi, though. No, it's super legit.

>>52296993
>>52297883
Ever heard of impermanent loss?

>>52298264
What is the US dollar?

>>52296993
Typical bear has no idea how trading fee distribution works.

>>52297973
>>completely transparent protocol run by open source code
did you read the code?

>>52297973
*russian teen hacks finds a vulnerability and takes all your money from the trustworthy pool*

>>52296993
that reminds me, i need to check on my yams