DeFi is a SCAM.  It's driving me insane after all the scams we've seen in the cryptocurrency world and people still don't understand how to spot an obvious scam.  

The only way I see this helping out bitcoin is the fact that's it's created a lot of buzz around crytpocurrency and a lot of idiots who don't know how to break down a crypto coin or token are buying in since it's returns have been so high of late.  Again, people, THIS IS A SCAM.  I would love for someone to try and refute that so I point out your ignorance and everyone else's.  Sick of this crap.

Hi everybody,

Bitcoin’s price has been hovering around the range of US$8,500 to US$10,000+. DeFi tokens, on the other hand, have surpassed Bitcoin massively.
What’s interesting to note is that the more DeFi tokens gain upward momentum, the more Bitcoin could possibly be boosted when DeFi undergoes a correction.

With the rise of DeFi, this brings us to ask: can Bitcoin be boosted by DeFi?

Read on here: Is DeFi benefiting Bitcoin? and let us know your thoughts on this.

Thanks,
Karl
Bitcasino.io

Ethereum will eat Wall Street's settlement layer
https://bankless.substack.com/p/ethereum-will-eat-wall-streets-settlement

Seriously, people do not understand all the opportunities that the Ethereum platform provides us.
https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/

I don't think that you need to be a major global expert to understand that smart contracts and asset tokenization will be actively developing in the near future

Interesting what's gonna be happening in the next 5years? The rise of DeFi definitely give interest to some noncrypto users to take a look at crypto market. So for me, even if DeFi is considered to be the current hype, still it provides some positive effect on bitcoin. But hopefully, those investors will be smarter than what we had in ICO days. They should know better and spot fake DeFi projects.

I think, any crypto related project that attracts more people befenits Bitcoin. Just like Bitcoin benefits the other crypto projects. That doesn't necessarily mean that DeFi is a good idea or a solid project.

That doesn't prove anything actually.

So many big hedge funds went down to zero before. Just because they are big know doesn't mean they'll be big in the future or they always take the right steps.

They could go bankrupt by choosing the wrong investment.

Happened before many times.



Source: This time it is different

Correct me if I'm wrong but I don't see any ways that DeFi is benefiting Bitcoin at all.
Maybe awareness to the crypto in general but to Bitcoin directly, I don't think that there is any.

Only those developers and the team of the project are the ones who are benefiting in DeFi since they will just create a new project, name it into anything that they like then just put a description and that's it .