Post
Topic
Board Altcoin Discussion
Re: Where DeFi is headed
by
Tokenista
on 10/03/2021, 17:34:59 UTC
I am not sure if this is a coincidence or indeed ERC is the pioneer, bsc and other platforms started using their POS or dex after seeing the success of ERC20, but they are superior because the fees of other platforms besides erc20 are not that high.

snip

I said that ERC has the highest fee, and of course TRX has the same low fee as BSc and does a staking program as you said giving daily 20% weekly 100% or other offers that make the BSC and TRON platforms in demand at this time, but at in the end I don't think the case will be much different from erc20 where a lot of scam projects will emerge.

That is what I am saying, you mixed 2 things I said.

1. There are good TRON earnings if you look through POL token, and Tewkens, and Super Reps, etc.

2. 20% to 110% ROI in short time frames are usually Scams. The only way it can work is if it is related to deflation of the Currency (either same amount in more hands or less in more hands) but any other way doesn't make sense. And sometimes even those deflationary ones, can be Ponzi schemes which are illegal in America.

A Ponzi scheme does work technically, in that the first people in gets paid as the others put money in. But then by the end the last ones in lose their money.

So you have to have outside funds coming in.

Bitcoin itself is actually kind of a Ponzi Scheme, except that it is novel and people continue to learn about it and it is a technological marvel (even with new ones being better) because it is unerrorable, no duplicate transactions), FEC was concerned with GameStop, but maybe if the nerdy gamers want, they can look up from the video games for 2 seconds to buy some stocks and maybe they can do it like Bitcoin.

If you have like a Blog with ads, you could use those funds to fund the Project to make sure it is not a Ponzi, and really, as I have stated before, the local shop is the best candidate to actually emerge as a strong entity in DeFi. Or a Larger corporate entity.