Any crypto geeks out there care to have a discussion on DeFi, wrapped tokens, and compounding interest? Would love to hear [ serious ] opinions ( this is not my video or project so no feelings will be hurt) : CryptoCurrency

Any crypto geeks out there care to have a discussion on DeFi, wrapped tokens, and compounding interest? Would love to hear [ serious ] opinions ( this is not my video or project so no feelings will be hurt) : CryptoCurrency

 

Hi, if you wanted to discuss the video, I think I have a strong opinion on it. It is most likely a shitcoin, stay away.

It is too good to be true, just as that. How can you always be hedged positively against something? Somebody needs to take this risk, there is no free lunch. Lets investigate!

Additional value on SETH tokens comes from buying and selling tax. Obviously, if you held long enough, these gains could outweight ~11% that you lose on buying and then selling. However, that just means that somewhere, someone is holding your bag, waiting for more investors to come. That gives ponzi-esque feeling, aint it? There are a lot of tokens based on “deflationary” model, perceived as something good. Only thing it is good is making initial holders wealthier at expense of later participants. I would suggest not buying this shit (or acknowledging that you are not actually investing, but instead are participating in the hot potato game risking ~11% of your Eth).

addendum: “value proposition” of the most-hated shitcoin of this subreddit, SAFEMOON is basically the same thing these guys are trying to sell, just with some additional twist


If you are interested in valuable projects in DeFi I can point you to some that deserve it in my opinion; if you want.



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