Post
Topic
Board Altcoin Discussion
Re: Are DeFi projects trustless?
by
carlisle1
on 07/10/2020, 04:35:51 UTC
an investment risk as to the project Defi will come to a lot of product Defi which appears the price of coin Defi in the early entrance exchange actually rose 100x but with time they also project the price would be significantly reduced so it all depends on the traders who will take advantage of the opportunity to obtain profit as much as possible.
it is not what we called traders but manipulators is what you mean here and yeah they are the reason why the price of defi projects are really increasing but in time will reduce and some will truly fall.
actually some are starting to return to their level and some are staying very slow moving.
If you said so, then you can say that bitcoin is trustless too because it has core team who has access to change the blockchain coding.
I think defi projects are still decentralized, not because it has no core team, but because it running on blockchain network which is decentralized, even if the project has core team behind it.
well it can't be compared mate,because Bitcoin has been here since the beginning not like this defi thing that just brought to pump to make investors believe in their existence .