Quote from: Cookdata on Today at 12:06:40 PM

Quote from: DeFi-Ants on August 26, 2023, 06:52:23 PM

Hi all, I've been reading here for a while and decided to join your busy place. What do you think about DeFi for the next several years. Will it fade away, like most ICO's, stabilize and get much easier to use, or continue with wildly volatile tokens and hot new projects that keep getting major hacks? I love the subject and think the short and sweet DeFi is a prefect name since the whole internet population is used to WiFi.

What do you think, are we looking at a passing fad, something that gets "re-branded or re-invented" after the hacks settle down, and/or is DeFi currently on a path to keep getting stronger?

Defi is not a scam but to be honest, the hype was more than what ICO did back then. ICO was full of scam, we can't deny that but the effort some influencers used for people to think that Defi was the next thing after banks till today haven't convinced, traditional finance is a flop but the Defi hack hasn't proven otherwise, team pulling rugg and scam projects running off with people are not worth what Defi was supposed to be, it was just hype even though there people who still believe in it.

The idea is not scam the idea of this technology is really great but the devs or project owner is the one killing this idea because they use this to make their scamming plans successful. And this is why many investors got upset then think about that this is just the same with ICO's. If there are just DeFi project will step up turn out to became a legit one maybe people assumptions regarding on those rampant scamming may change.