If we look at this post I wrote in the other thread, SBD start to look at the Landscape, everyone can start to see how this can work.
So just with the example in the "Expanding DeFi" Thread, you can use STEEM, BLURT, Steemit groups, and Facebook, etc, together with TRC20 and BSC Tokens,vor STEEM-Engine and HIVE-Engine. Then even mentioning ERC20 is kind of just like, etc, people can figure it out. But if we then include BitShares Assets you begin to see how expansive this can be. BitShares was the Original Graphene, so even though it is Graphene and thereby basically the same Tech as STEEM, BLURT and HIVE, BitShares Assets are somehow more distant from Graphene Blogs than TRC20, ERC20, BSC, and the 2 Engines. Those all seem more similar, like they all belong together, so that means the Blockchain landscape is moving into a good space,
But when I add BitShares Assets, now we are talking about Tokens in an area that is kind of Esoteric. And adding Lessons for people to navigate BitShares, that adds another layer of Outreach, and Accessibility for newcomers.
And I mention them for this reason,
When the ERC20 ICO boom was happening, with people selling Tokens to then fund projects that people would basically be holding stocks for since they bought in before it started. That's an ICO, and it became big on BitSharesTalk during that time.
Now, if we compare DeFi to the ICO,
If we see that Anonymous guy cloning Pancakeswap, and compare him to a Dev launching an ICO, we can see it is maybe just not the best idea to trust the Anonymous guy necessarily, even if your Anonymity on the platform is paramount, the Founder's is not.
We should also then be able to see the Cross Functionality, this was more apparent at first as stories came out that Make DAI had more coins in DeFi locks than existed, because they were locked in as Collateral, taken out in Loans, then used on another platform the same way, gathering APR on 2 Platforms and having the Loan available for use. But we should start looking at using all of this with STEEM, BLURT, HIVE, etc. With BitShares Assets, TRC/ERC20 Minable Tokens, etc, etc.
This just made me realize, I should explain something I have seen for everyone so they can see how real this gets, and where the problems are.
There is someone named Henry James Banyat, who has been scamming people on the internet for years. He apparently has some level of programming skills, it seems he has the ability to create a Portal basically, and can create little Wallets with Values, as in like a Native Website Token, not a Cryptocurrency. And I guess I have to describe the difference now. So if I create a Native Website Token that is not a Cryptocurrency, it could be done from Scratch or copied, it wouldn't be Mined, you could set up rewards so people can earn it, or make it where they earn it for navigating through webpages like Cookies, Tokens that are released as you land on a page. Or as you play video games you might earn them. The example everyone can look at would be like World of Warcraft Gold or GaiaOnline, or pretty much any videogame or online Currency. You don't Mine it, you don't take it to an exchange and sell it for USD, the only way you could make money is to like sell it to another video game person on eBay who wants your Tokens. Henry James Banyat can create these, and has since before Bitcoin existed, his original one was called like eGold, and it was just a scam to get Older Americans to invest in something that isn't real. He is in the Philippines so he can't be arrested for crimes in America.
He then found Bitcoin and Gridcoin, so he started telling everyone to hook up as many laptops as they could, abd teaching them how to mine, but they were to do it through him. And he would get all the Gridcoins while you got a BTC balance in a Wallet on his portal.
So now, after Gridcoin is over, he has everyone's money and they have an imaginary balance. A balance they are waiting to retrieve. And Henry continues to say that he will make them accessible, and does not really make clear to everyone that he has no Bitcoins, that there is not a real Balance for them. He is just taking from them.
I didn't understand that at first, my Mom brought me in after Gridcoin was done, and I saw a community, I even found they had a Currency called CompuCeeds on BitShares (real Crypto Tokens), I found it on CryptoFresh, and I was like "Wow, my Mom found something, whenever I visited her she mentioned this, but I guess it's real". So I join, and start reading their Private Forum where you have to be a member, and give them your Driver's License, etc. They ban anyone that says anything bad about them, it's not a place to criticize them, they just offer instructions and prayers, they pretend to be very very Christian, and most of their clients are Old Rural Americans. They tell us CompuCeeds are a $1.00 pegged coin, that we will be able to trade our CompuCeeds on the Market and cash out that balance.
I thought they really wanted it to work, reading this you might even think (if you understand Crypto), "How did it go wrong", and I'm telling you, there was never a plan for this to go right. They just wanted to take our Money (a lot like Texas COVID Relief funding)
Understanding Markets,
I start teaching everyone how it works, teaching people how to Buy CompuCeeds because they are going dumped on the Market for Pennies. And what does he do? He dilutes the Supply through inflation by Minting like 10x the Tokens that existed before, and dumps them on the market to anyone buying for 1 penny or half a penny or a quarter of a penny, he just ruins the Price, just murders his own Economy to put money in his pocket.
Never brings in investors, never announces anything on Bitcointalk or invites anyone to Join that could actually buy Coins. It was just never his intention to make it work, and he continues to string them all along telling them that portal has real value behind it, and no one can arrest him.
