I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below
It takes some time before we know this but we old members are matured enough to know the difference, ICO is a form of crowdfunding while DeFi are governed by lines of codes and smart contract, I don't see the similarity at all, ICO 'is as is" they ask for our money so they can set up their platform, while DeFi is an interaction of smart contract, DeFi is evolving and I'm confident it will remain for more years, while ICO will be a thing of the past.
They were just comparing how the ICO kick start the rally and the DEFI which also started the rally.
What is unfortunate to this defi hype though is that there are altcoins that aren't climbing up. Unlike in the time of ICO where all projects are experiencing the bullrun together, nothing is left behind. This time, the ones you are holding back in 2017 are just staying as it is while the YFI is almost about to cross $40K. Projects UMA that you didn't even heard suddenly outrank the ones on top.
