Post
Topic
Board Altcoin Discussion
Re: What is happening to DeFi?
by
NeuroticFish
on 07/12/2020, 10:27:52 UTC
I hope crypto in general  and DeFi specifically change its act, and gets rid of these unwanted baggages. I still love crypto though

"I love this world, but I would love to see it without thieves."
I could say, for example, that ICO was pretty much similar around 2017. And it pretty much died.
So you cannot have it all. DeFi scams, like many other scams, basically turn people's greed against themselves. If DeFi will survive then it will probably be, sooner or later, regulated to somewhat resolve this.
But keep in mind that for example HYIP scams are also still pretty much alive and one cannot do much more than avoid them.

I avoided DeFi even more than I've done back then with ICOs. Maybe I could have earned some bucks. But again, one cannot have it all.
The main rule is: always use your brain when investing.