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    Author Topic: Where DeFi is headed  (Read 2268 times)
    Tokenista (OP)
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    April 08, 2021, 08:05:31 PM
     #121

    OP, thanks again for the responses.

    Well, they can call Bitcoin whatever they want, and yes the whitepaper of Bitcoin only says p2p cash but let's all be honest and admit it's the only one truly actually decentralizing finance. I am not a defi hater of course not but I think defi now is only for rich people (who can stake a lot of money and afford high gas fees) and not helping the unfinanced as it was supposed to. It really needs to fix that for it to work:)
    This is why I think Binance smart chain based Defi is now in far better shape. Pool/swap based platforms should always have lower fees to handle high volume. I suggest you to look into projects like Pancakeswap, burgerswap, bake etc. All of them have feels in cents literally.

    Yes, for now. But we all know it's just a temporary attractiveness. Remember when people complained about Bitcoin and started to move to cheaper chains like even BCH (Bitcoin Cash?). That really didn't last long at all and now BCH is going absolutely nowhere.

    I do have looks at pancake and all that but seriously, where's the actual real value?

    Looking back Bitcoin is almost too simple to actually use. It is just a Token, like the kind with Cookies almost, the Kerberos Tokens, etc. Tokens already exist, just more like a Video Games Token, but with no video game. The Blockchain is a great Novelty, the unhackable, no "Oops the bank created Capital that didn't exist", or any of that. Nodes all over the world hold it open, mining moving it forward.

    But that goes to, a Wallet. Which was very new and Novel in 2012, but now it is kind of old news. And now, with ETH or Graphene, etc. There is no reason to Clone BTC, except for the purposes of educating a person who is new to Genesis Blocks. Or to have a simple Currency with not much to worry about as far as other people adding to it.

    Bitcoin has Counterparty and and there was MasterCoin, but the name Master Coin was offensive and I never looked into it until it was already over.

    But Bitcoin is like $50,000 right now, lol
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