/biz/ - Business & Finance

>>52466604
Yes. It will be a long battle to come though. Countries, banks, everyone in power who wants to keep that power will do whatever they can to keep this reality from being put in effect.

>>52466604
>it highlights the flaws of centralization

More like it highlights the absence of regulations, if regulations were in place each of this bad actors would have bee n made to answer to their crimes especially SBF.

>>52466604
Thats why I run my Avalanche Node and only use DeFi.

>>52466665
>More like it highlights the absence of regulations, if regulations were in place each of this bad actors would have bee n made to answer to their crimes especially SBF
Please boot licker harder, u missed a spot.

>>52466657
Indeed, they've always been the enemies in the shadows. We know what they're up to, got dismayed with the number of people leaving their assets on CEXs and feeling comfortable about it. I've never been a fan. I've have navigated different DEX and currently I'm a user on the Juno Network, staking LOOP token and claiming APY rewards. Its been my thing now and going forward.

>>52466604
The earlier we get on DeFi, the better it will be.

Even Cz is now preaching about the importance of self custody.

>>52466721
>only use DeFi

As far as crypto space is concerned, i think leveraging solely on DeFi shouldn't be news anymore since we have seen the flaws of CeFi.

>>52466604
It's beginning to look like most CEXs are only some disguised scam

>>52466942
This speaks volumes as one the major players in the CeFi space is advocating for self-custody.

>>52466959
News flash, many crypto holders still have their assets on Cex.

I'm looking forward to more wailing in months to come

>>52466942
he's advocating trust wallet lol
I'm sure it doesn't have a back door
use dice

>>52466928
Navigating through DEX would mean you've never withdrawn from your portfolio, cause if you did, how did you without interacting with CEX.

>Bybit still up

>>52467176
Trust wallet offers self custody.

But don't you guys think that the stealing of cold wallets will now be a thing?

>>52466604
Stop blarbing shit anon. Aren't those CeFi lords hiding under the guise of DeFi? You only resurface when we are already rekt.

>>52467126
>News flash, many crypto holders still have their assets on Cex.

They young, dumb and quite hungry to go broke cause the signs that a few other exchanges can go down is quite glaring.

>>52466604
>it highlights the flaws of centralization

Just show me one two DEX combo that's better than >Binance.
Go and continue your cum farming.

>>52467314
>But don't you guys think that the stealing of cold wallets will now be a thing?


Hasn't this always been a thing? That's why you have to protect your seed phrase.

ATTENTION: This is a poojeet marketing team on Telegram organizing raids on /biz/ to try to get inexperienced investors to buy in scam projects. Do not even post in this thread, your hand will turn brown and become coated in feces!

>>52466942
You mean CZ promoting the downfall of Binance? Biz fags are beginning to outweigh degens here

And what does defi offers? The ability to trade shitcoins and gamble on futures. Other than that are just vague promises of value based on "governance" and returns on fees in other useless coins.

It's all vapor, scams on top of scams.

>>52466604
there was never going to be wide adoption of DeFi. its too technically difficult for normal people.

>>52467754
For someone like me profiting from DeFi staking, I know its not scam.

> The ability to trade shitcoins and gamble on futures.
Futures trade is on Cex the last time I checked

>>52467754
You have full control over your funds.
Its fully transparent. You also get paid to provide Liquidity.
btw. In 1 hour a new AMM launches which brings true innovation.

>>52466604
>why we should embrace decentralized protocols.
Being able to have full control over your assets is one advantage that Defi will always have over Cefi.

>>52466657
I think the tide is already changing in the positive direction regardless. Some banks and and other tradfi institutions are already seeking for ways to onboard on Defi to leverage on their services.

>>52466665
>especially SBF.
You know SBF has some SEC backing yeah? Maybe you should be quite pessimistic on him paying for his crimes.

>>52466721
How effective are these nodes y'all are running? Lecture me like a newfag.

>>52466942
>Even Cz is now preaching about the importance of self custody.
How true is this? Would be nice though but I don't think it would be in the manner you've put it.

>>52467015
Not just that; it's too much power laying in the hands of 1 person. 1 wrong move and it's all gone. No checks just like what Defi has in DAOs.

>>52467087
Self custody is always the best and that's why the non-custodial Defi platforms will always have an edge over others for users that may want to put their assets to work.

>>52467126
If regulations don't come soon, another crash is by the corner and that means we can't have that big bull run just yet.

Anchor was a defi ponzi

>>52467184
It's called an exchange for a reason; interact with it as such and you won't have issues. There are other means of earning with your assets that don't need you to leave your assets in these CEXs.

>>52467197
Probably the next to go down.
SBF was about joining the new twitter ownership a week before this mess.

>>52466959
>leveraging solely on DeFi
Absolutely they may have their downsides but compared to CeFi, DeFi has always been way better.. Staking on various protocols and projects has been yielding way better than keeping it with CeFi, interacting with Maiar dex: Zpay, Ride and Mex staking; Curve Finance pancakeswap, Uniswap.

>>52467862
Even though its not fast like CeFi, but DeFi is also improving and new innovative features are coming out from it like the TIDV (Trustless ID Verification)

>>52468719
>It's called an exchange for a reason; interact with it as such and you won't have issues. There are other means of earning with your assets that don't need you to leave your assets in these CEXs.


Everyone is shying away from CEX at this point in time following the FTX saga. BTC outflow from CEX has hit a historical high this week. This means either investor is buying or selling.

>>52468750
CeFi also has staking but can't be compared with staking on a DeFi middleware where you can access most of the yield protocols that you listed with a single smart vault.

>>52468910
Speaking of TIDV, how will this improve the current system without degrading users' identities? I think this defies the purpose of it being completely decentralized.
There is no doubt about the current improvement in DEFI, especially in chains. I think this is where it matters most, specifically in the area of security. So many consensus algorithms with different security models.

>>52467197
That's like one fucking more to go right?

Bancor stole 5-figure stack of LINK from me. Fuck DeFi.

>>52469265
I still have 5k Link on BlockFi. Happens to the best of us.

>>52469109
Yeah, everything in the space has pros and cons. No one knew that cex would turn out to be this porous and insolvent. This is the more reason I'm shying away from all this cum shot that keeps screwing ass.

>>52468910
more features isnt going to solving the fundamental issue. its too complex for the average joe to use or business to adopt.
the whole reason why cefi became popular is because they handled all the technical complexities of defi.

>>52467126
DEX will always remain my favourite now and always.

>>52469395
That's actually a solid point, but I don't see this as a constraint or yardstick, desu. I feel DEFI is competent enough to do the same, including on chains both public and private, to fit enterprise and DEFI needs. Complexity is an issue but not as prominent as scalability, security, reliability, cost, and efficiency.

>>52469109
So you mean that I can stake on Curve, Yearn, Compound all at once, like how is that even possible?

And yet it only continues to succeed. Weird. Almost like people are sheep that NEED to be herd by a master.
If the Vinu exchange doesn't succeed I'm getting out of crypto indefinitely and living innawoods.

>>52468719
I can sell to cash on a CEX, please tell me how I can do so using DEX faggot.

>>52467314
Has it never been a thing? You just need to protect your seed phrases with your life.

>>52467754
At least, you wouldn't wake up 1 morning and all your "shit coin" is gone because one retarded nerd decided to go clubbing overnight with your funds.

>>52467862
>its too technically difficult for normal people.
What does this mean? If I have my stables on metamask and get it linked to a staking platform like SpoolFi, for example; pick a staking pool and start staking, does it in anyway look difficult?

>>52469603
Noob, you still have a lot to learn in DeFi. Staking is now made easy with yield agregator, like SpoolFi.

>>52467862
The technology isn't that difficult, cause with several tools, one can actually relate easily to them. A good example is SpoolFi having a feature where users can create their smart vaults, without writing a code. DeFi made easy.

>>52467560
>Aren't those CeFi lords hiding under the guise of DeFi?
More reason why you should dyor before jumping into any projects.

>>52467904
>Futures trade is on Cex the last time I checked
Ignore that fag, SBF probably sent him a 100bucks from his loot.

>>52469775
But you can still wake up and have all your shitcoins gone because you went clubbing and drank too much alcohol.

>>52467184
And if anything happens to your funds on the DEX, who will you hold tangible?

>>52469636
They don't have actual cash its just funny numbers on the screen like SBF's balance sheet and if everybody cashed out at once there is NOWHERE NEAR ENOUGH LIQUIDITY. The entire system is relying on not everybody cashing at at once. This is the same for the banking system as well except 250k FDIC insurance.

>>52466665
many of those companies were outside of the US
regulation won't do shit
Coinbase has been safe for the last decade without retarded regulation fucking shit up

>>52467904
Staking on Defi is 1 sure way to stay afloat in this terrible market situation. I opted for staking stables since it's not affected by price volatility.

>>52468652
This is the most retarded reason I've seen on this board. You are Ngmi in this regulations you are clamoring for.

>>52469603
What does curve, Yearn stand to gain then from liquidity fueled to them through other protocols?

>>52469939
nobody, but again, it's more secure...

>>52469890
spoolfi is for people who want to make money from crypto trading, no?

>>52469875
>Staking is now made easy
Isn't this thesame thing seen on other yield farming platforms or is there anything they offer differently?

>>52469965
This is true, which is why it's important to stay as safe as possible, even when trying to earn as well.

>>52469603
>like how is that even possible?
Via a middleware. That's why they were created in the first place. SpoolFI is unique because its on Ethereum chain and linked with the best of the best yield protocols and all benefits can be enjoyed from a single gas fee charge.

>>52470189
It's not for trading anon, its a middleware that allows users stake and yield stables.

>>52467904
Staking has been the only saving grace in this bear market.
I tried trading, blew out a 4 figure account twice.
I also bought the dip, but it keeps going lower.
Only my stablecoin staking though DeFi middleware has survived the bear market so far.

>>52470010
The volatility is another thing to keep in mind. Rephrase it as one possible way to get rekt. Only the smart know what to do and when to do it to stay afloat, retards.

>>52470252
>stake and yield stables
yeah so making money from crypto right?

>>52469636
Do all the exchanges you need to do on your CEX and pull out your assets to a safe wallet where you can be in control. With Defi you can link your wallet to yield protocols to earn yields but CEFI wouldn't give you that privilege.

>>52469908
DYOR is never gonna reveal that desu. Mention any Dex and I tell you how they turn to Cex behind the scenes.

>>52468706
Anchor was centralized as fuck, how are you putting this up with DeFi?

>>52470176
Never gonna risk my funds under no man's custody. FTX losers got SBF to hold, DeFi losers can never tell their ordeal. Choose wisely.

>>52470231
The only good thing here is that they encourage diversification knowing fully well that no single protocol can be trusted here..

>>52470268
I guess you jumped into trading without a proper risk management, but all the same welcome to DeFi staking.
For better risk management on staking I use SpoolFi.

>>52470507
Lol stfu nocoder

>>52466604
>we should embrace decentralized protocols.
I agree.
If only people knew...

>>52470393
this is one edge DefI has over CeFi, I've been on BeamFi and SpoolFi, and I can say they proved this.

>>52466665
Just forget about regulations, centralization and what not. What everyone needs is a non-custodial wallet connected to a privacy platform, there and then you have control,privacy and security.

>>52470727
I came across a dude that earns around $1800 per month on this project from others copying the strategy.
I'm already thinking of the best strategy to deploy on it myself.

>>52466942
>Even Cz is now preaching about the importance of self custody.
They all know the truth and advantages of Defi but were to scared to admit it. Decentralization means freedom, control,security,privacy and anonymity.

>>52471061
FOMO playing out already, if you are making profit from following another, its best you stick to it, if not you might end up losing money at hand in the process of chasing money outside.

>>52466604
BINANCE CHADS RISE UP!
seriously why are you retarded niggers using anything other than binance?

>>52466721
You sound cool anon, am sure am gonna eat big after GSD lunches their governance token as it will be designed to have a treasury backed by gold for investors looking to diversify and hedge their portfolio.

>>52471478This is bullish for the entire Crypto space and I think the space is maturing overall.

>>We're gonna see a project backed up with insured, audited and verifiable gold bullion soon. I think GSD is gonna gain traction when it finally launch.

I'm excited for their NFT too.

>>52466665
No quints for boot licking cuckolds

>>52470643
Diversification as far as crypto space is concerned is a no-brainer as this helps you not keep all your eggs in one basket.

>>52470839
That's why I keep project that's has DEFi backing, it can't never be rekt anon also, I hope Binance will list GSD after it launches because of its innovative approach to DEFI. Imagine having your project backed by gold.

>>52471027
I see no reason why i have to connect my wallets to privacy platforms again since they are decentralized already.

>>52470010
You right anon, and web3 L1 technology is really making some juicy shit already, cant imagine how freaky it will be when GSD lunches it token

>>52470752
Ranjeet panting without reason.

>>52470832
You never told us until FTX crashed.

>>52471478
Binance is a hybrid.... But the rewards of stablecoins farming through SpoolFi is better than theirs.

>>52466665
>satoshi created crypto because governments keeps fucking up their ponzi currencies
>“ackshually, if we let the government control crypto then it will be better”
What is wrong with you?

>>52472394
Wait ... Did you know this before FTx collapse?

Anchor wasnt cefi

>>5246660
Wtf anon, web3 ist future go get useful dickhead, My picks are SOL, ADA and GSD DAO.

The standard is bringing to you a landmark solution where you earn yields in tokenized gold on your platform.

>>52466604
Ok lolbertarian

>>52471084
that's why they fighting it for real, they know what it gives to the mass.

>>52472394
I don't believe in having my bags in one place, which is why I prefer staking on SpoolFi, which is risk diversified and has my funds spread across several yield generators.

>>52472400
I'll advise you fucking get off projects that are relying on hopes, when you could around for stuffs doing some cool stuffs already.

>>52472795
shot to the knee. kek.

>>52469935
How does going clubbing and drinking alcohol relate to loosing my assets stored in my wallet? Definitely retarded dude here.

>>52469939
>And if anything happens to your funds on the DEX, who will you hold tangible?
Defi isn't the direct opposite of CEFI when you consider factors like this but it's definitely a better alternative.

>>52470217
It's non- custodial plus you have the leverage of creating your own smart vault for staking which leaves you totally in charge of how your assets are put to work.

>>52469583
These are key features needed in chain. Many claim but don't deliver.

>>52469300
Fuck you. Cringe.
Get rekt holding link.

>>52466721
I'm not running shit but all my stacks are on AVAX c-chain too, except for btc and the one that won't be mentioned

>>52469229
No matter how solid the security is, I still feel it is porous to hack.Nothing is safe again. Even my D fails me sometime.

>>52476126
Why avax? A good reason will suffice

>>52476094
One thing you should know is that over the years, innovation has been based on the limitations or short comings of the existing ones. I think there are a few undervalued ones that are in a position to surmount their shortfalls, like Geeq. Well, I'm hoping the $25 million in funding received will aid in the development of the project. Let's see what the new ones and existing ones I've got in mind to deliver as time unfolds, but one thing is for sure: Eth will still spearhead.

>>52476125
Don't be derogatory, schizo.

>>52476159

Stop being pessimistic; cringe. As much as we have witnessed several downtimes, outages, and hacks, that does not mean there is no improvement in that area. I heard Vitalik is planning on mulling over to ZkSnark, and some consensus mechanisms have 99% BFT. Do you know what that means? Devs need to prioritize security from this point. I know most of this NPC wajok will disagree.

>>52476159
Wft, no secured protocols exists

>>52477473
Nothing but ethereum

>>52466604
(((centralized)))

>>52466665
>More like it highlights the absence of regulations,
kill yourself kike

>>52466604
save us ren

>>52473002
>Wait ... Did you know this before FTx collapse?

I have been making use of SpoolFi to assist with diversification for as long as i can remember so this is not new to me.

>>52479560
And?

>>52466665
Holy shit you're retarded
The whole point of crypto was Defi
If you use Cex's for anything except buying crypto and moving it immediately to your cold wallets, then you don't belong here and should go back to yoloing memestocks on robinhood

>>52469431
Maiar dex is some underrated dex. Some gems on the dex like EGLD, RIDE and ZPAY

>>52472795
How new are you and have you heard about hacking?, Privacy depending on the platform put you a step ahead of bad actors, Railgun for instance hides your transaction detail to avoid it being tracked to our wallet and also shields your wallet balance.

>>52466604
Well you can't see what these bastards are doing onchain behind their walled gardens

>>52470067
Regulations or govt being overtly involved in crypto will only end up in everything being one big centralized community. What we need is to keep growing decentralization and everything connected to it including self custody, DEXs, privacy et al.

>>52467692
Protect your seedphrases
Protect your transaction details
Protect your wallet balance
Transact Privately and anonymously

Any thoughts on Kromatika?

>>52467087
They have always known the truth.

>>52467314
Personally, Private wallet such as the Railway wallet is much more preferable as it doesnt just give self control but also security.

>>52466604
Scams collapsing is a good thing. Scammers will be more reluctant to frame themselves as legit in the future.

>>52467184
Interacting with CEX is not the problem, storing or leaving your funds on a CEX is the dangerous part.

>>52477473
Be more informed faggot; there are various systems that place security first. One of them is Geeq. Keep the door of opportunity open so that you won't be left behind kek.

>>52481582
If this is the case, then I'm clean cause I have most of my assets in DeFi protocols. most as stables staked through SpoolFi, which I believe is safe.

>>52481537
Insaneee

>>52466604
My exchange stays liquid

>>52481828
Integrating with a privacy protocol is also a plus, dont sleep on that.

>>52466604
All the cexs are failing that's why to have our funds in cold wallets. For now the dexs are fine so staking UTK and EGLD in maiar. Passive income will come un handy.

>>52474024
Privacy gives freedom and Security, the feds are fighting it because its the only way the masses can still achieve decentralization even with regulations.

>>52476094
Well you have to do a lot of research to get the right projects, for privacy I use Railgun.

>>52466665
>I gave my money to scammers because I’m retarded. Please daddy government save me.

>>52466604
>embrace decentralized protocols.
Like luna

>>52471084
Based. Private wallets are the safest if you ask me. As you mentioned, security and privacy of on-chain transactions are crucial to decentralisation and safety

>>52466959
All in on self custody of my assets.

>>52466604
no decentralised protocol can stop a centralised player from playing

>>52472898
Oh it's been fudded from the beginning of the year.
Finally Launching public testnet soon and then mainnet.

>>52480183
good luck cashing out 50k with a p2p transaction

>>52470010
you can make more money with US government bonds

>>52483603
What about a cold storage, anon
I personally stake my stables, and never use a CEX platform. Prefer DeFi middlewares

>>52484327
How safe are those, kek. And the APYs too

>>52466604
Wow, has everyone forgotten MtGOX already? Short memories.

>>52484347
Safer than a yield generator alone or a cefi platform at least, lol. APYs differ on different ones like SpoolFi or bEarn Fi. I use the former more

>>52472229
Tell me more...?

>>52484361
just googled it, jeet. 10% on USDC is a fucking joke. be for real

>>52466604
>some meme coins went down
Am I supposed to care?

>>52484358
MtGOX, Celsius, all perfect examples.

>>52484380
Doesn't take a genius to know higher APYs on stables means more risk and it depends on a lower risk vs higher risk pool but each to his own, anon