I love tradfi boomers saying crypto looks like a ponzi when they have no concept of what we are actually doing or the different ecosystems.  Simply announcing their ignorance to the masses.  Have fun staying poor with your 7% annual returns when inflation is at 25%.  I'll keep farming and printing computer coins.

wagmi

 

The yield comes from new people investing / staking in the platform. You’re the yield. You just have to hope someone else comes after you

That’s why there’s an Anonymous Analyst 1 in IB constantly pumping up these DeFi things.
 

Obviously he’ll pretend like he’s making tons of money because he needs to draw people in to keep the gravy train going.
 

It honestly almost worked on me, I was otw to invest in Snowbank and then I saw it tank 90% in a matter of days. THANK GOD I didn’t listen LMAOOO🤣 

 
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Why do you think I’m pretending? You realize the yield on the anchor protocol and for most these farms goes DOWN with more participants right? There’s no “pumping” dumbass. You seem really pressed. I only come on here to try and help that’s why I gave FTM, TIME, and many others early on.

As for SB, I’ve already said that someone front ran the MEV and their private dex (likely someone higher up at AVAX) when they were doing the buyback. Has nothing to do with the fundamentals of the project. It’s the risk that all DeFi has. It’s like having your brokerage account hacked and blaming it on Apple because that was the only stock you held. I’ve been posting about crypto here for over a year now. Even if someone just had held a blue chip like ETH they would be up big by now. You sound pretty emotional and have a pretty shit attitude so I don’t think crypto would be for you anyway. 

I used to honestly be like you and try to think I’m smarter than everything else or that anything I don’t understand is automatically scam. World doesn’t work that way and you don’t have be the smartest in the room to win big. Life is positioning. Say what you would like. I can genuinely say I’m a happy person and love my life. Many on this forum can’t. If just one person can win it big and escape the cube that means the world to me.

 

Ser, don't waste time on normies.  They will be eating bugs in the near future and their entire identity will vanish once their tradfi job is displaced by code.  The game is just getting started.  Cheers to all the lads playing both sides and converting their paychecks into computer coins

 

You have been posting on here about Crypto for a year? Would be great if you didnt post anonymous so we could see proof.

Same with the whales averaging down on Snowbank. I would love to see evidence of that. But whenever someone asks you for evidence you just say "ngmi LMAO"

 

I wouldn't waste your time responding to people like this. At this point, there is enough information out there that people can do their own research and choose to learn and understand how DeFi works, or choose to be ignorant. You have made some great calls on here, and some that haven't worked out, but that's the nature of emerging asset classes. As for me, I will continue to focus on stable coins with 80% of my holdings in BTC/ETH, while using the other 20% to higher beta projects. FWIW, I jumped on staking $TIME just before you had posted about it, and have made pretty incredible returns so far. Glad to see someone else on this forum is an autist...

 

I think it is interesting, but the return you’re getting is because the entire thing could go to zero. I don’t think that’s likely, but you have a functional claim to nothing. In Canada, we have depositors insurance up to 100K per account, so there is a different kind of downside protection, alongside a litany of regulatory bodies.

Don’t get me wrong, I love DeFi and think the world is headed that way, but in this present state you’re getting that yield because of risk. It’s not the same as putting money in your savings account.

 

This is partially true - but you are getting rewarded for also protecting the network / verifying transactions in the case of staking I think.  

 

-If you're farming, the yield is coming from transaction fees (the users swapping coins have to pay the liquidity providers of that pool, ex: Eth-USDC)

-If you're staking, the yield is coming from protocol fees (think revenue to the platform/protocol, i.e. upfront fees, borrowing fees, liquidation fees, etc., you are rewarded this for locking up assets within the protocol)

There are obviously also plenty of tokens built on ponzinomics and that's why it's your job to do you own DD for each project. They all provide "Docs" where you can find the necessary information.

 

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