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[SERIOUS] Warning about WBTC & STETH depeg

r/CryptoCurrencySee Post

Informative / Educational Crypto & Finance podcasts.

r/CryptoMoonShotsSee Post

Metadapp - All In One Web3 Dashboard. Analyze, discover and automate all your investment positions in one place.

r/CryptoMoonShotsSee Post

Metadapp - All In One Web3 Dashboard. Discover, Analyse and Automate all Your Investment positions in one place

r/CryptoCurrencySee Post

FTX Accounting Fraud - In Depth Look

r/CryptoCurrencySee Post

LEAKED SBF CRYPTO BILL🔥🔥🔥"Digital Commodities Consumer Protection Act"🔥🔥🔥 THIS WILL KILL DEFI!

r/BitcoinSee Post

💪 Let's rock the #DEFI space with innovative features and higher earning opportunities with @MilkyWayDefi 💥 User-friendly #DEX 💥 Galaxies For Farms 💥 Planetary Pools for staking 💥 @Bscscan Verified 📜 https://docs.milkyway.exchange

r/CryptoCurrencySee Post

Interesting thread addressing Solana recent Crash and FUD

r/CryptoCurrencySee Post

How to become a self-made billionare (SBF eddition) - simplifed

r/CryptoCurrencySee Post

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution

r/CryptoCurrencySee Post

DEFI DEEZ Presents: RPC🦊

r/CryptoMarketsSee Post

CBDCs will spread faster than you think. People should start investing in DeFi before its too late.

r/SatoshiStreetBetsSee Post

Don’t sleep on getting in early on the new DEFI protocol Shimmer. A feeless Smart Contract network. Get in at the start!

r/CryptoCurrencySee Post

Rekts of the month – October ’22 Update. A rewiew of this month's hacks, scams, exploits so you can avoid them in the coming future.

r/CryptoCurrencySee Post

MELD Banking Stack for DEFI Project Overview and Price Prediction

r/CryptoCurrencySee Post

Cardano x Algorand TVL and adoption

r/CryptoCurrencySee Post

Review on the Wharton executive Economics Blockchain and digital asset online course

r/SatoshiStreetBetsSee Post

X10M DEFI HEDGE FUND. nft based, TRANSFERABLE, Liquid. returns paid monthly

r/CryptoCurrencySee Post

🐱‍🏍🌠💯 Exchanges>ICO's>DEFI>NFT's>? What are the biggest use-case trends in the web3 space currently? 🚀💸🔥

r/CryptoCurrencySee Post

I Have Been To the Bitcoin Conference in Amsterdam and Drank Beer Using Bitcoin. Here is how it went: (spoiler alert: it was great)

r/BitcoinSee Post

CAKE DEFI? Is it safe? good? worth it to park your BITCOIN and earn some rewards?

r/CryptoMarketsSee Post

X10M DEFI HEDGE FUND. disclaimer. returns may vary slightly on a monthly basis but an average return of 2.25 % Is to be expected

r/BitcoinSee Post

The War on Bitcoin Privacy Intensifies. Automatic Reporting of ALL Trades and Transactions Soon Mandatory. Shocking New Rules from the OECD. [Due Diligence]

r/BitcoinSee Post

X10M DEFI HEDGE FUND. disclaimer. returns may vary slightly on a monthly basis but an average return of 2.25 %Is to be expected

r/SatoshiStreetBetsSee Post

X10M DEFI HEDGE FUND. disclaimer. returns may vary slightly on a monthly basis but an average return of 2.25 %Is to be expected

r/CryptoCurrencySee Post

X10M DEFI HEDGE FUND. Disclaimer. returns may vary slightly on a monthly basis but an average return of 2.25 % Is to be expected

r/CryptoCurrencySee Post

Newest DeFI KID on the Block!

r/CryptoCurrencySee Post

The War on Crypto Privacy Intensifies. Automatic Reporting of ALL Trades and Transactions Soon Mandatory. Shocking New Rules by International Regulator OECD. [Due Diligence]

r/BitcoinSee Post

The War on Bitcoin Privacy Intensifies. Automatic Reporting of ALL Trades and Transactions Soon Mandatory. Shocking New Rules by International Regulator OECD. [Due Diligence]

r/CryptoMoonShotsSee Post

HELENA V2 Just Launched | "CMC Listed" | Experienced & Known Team in DEFI Space|

r/BitcoinSee Post

First every buy now pay later on blockchain!!

r/CryptoMarketsSee Post

First ever buy now pay later

r/CryptoCurrencySee Post

I don't like it either but FB, IG and TT getting into crypto is bullish af.

r/CryptoCurrencySee Post

I don't like it either but FB, IG and TT getting into NFT's is bullish af.

r/CryptoCurrencySee Post

European law says bye to KYC on unhosted wallets but hi to DEFI & NFT's regulation.

r/CryptoMoonShotsSee Post

Totoro Inu - The Most Underrated Inu Project! | Launching Now on BSC | Amazing community and unique utility! | Audited | Reflections | The next moon shot!

r/CryptoCurrencySee Post

Make money while you sleep.

r/CryptoCurrencySee Post

Crypto space is growing, not measured in USD, but in functionalities! A user perspective

r/CryptoCurrencySee Post

A short review for MEXC based on my experience.

r/CryptoMoonShotsSee Post

ARSENAL 1.08 on MAC | The Desktop family is complete with the recent release of ARSENAL on MAC-OS

r/CryptoMoonShotsSee Post

Marvel Inu Eth/Bsc Safe And Hyped Gem Launched On Eth And Bsc , A Low Fees Bridge And Cross-chain Swap Is Being Developed As Utility For This Project, U Dont Wanna Miss It.

r/CryptoCurrencySee Post

CNBC made a video about DEFI and how it's disturbing CeFI. Mentioned Ethereum, Cardano & Solana. Most importantly, did not announce the death of Crypto following this Crypto winter (as they would have 4 years ago)

r/CryptoCurrencySee Post

The 32 ETH minimum for running your own validator is nuts - will it possibly be changed?

r/CryptoCurrencySee Post

Happy Teachers day! But wait... what if crypto's were teachers?

r/CryptoCurrencySee Post

How to invest 5k into crypto as a beginner

r/CryptoCurrencySee Post

New Comprehensive Guide to the Synthetix Ecosystem on Optimism released!

r/CryptoCurrencySee Post

New Comprehensive Guide to the Synthetix Ecosystem on Optimism released!

r/CryptoMoonShotsSee Post

Alpha Genesis- AGEN- The Evolution Has Begun- Multiple Ways To Earn Weekly Passive Income

r/CryptoCurrencySee Post

How do I get my SHIB from Cronos to ETH?

r/CryptoCurrencySee Post

BitBoy had admitted to promoting rugpulls and scams twice; promised to stop twice

r/CryptoMoonShotsSee Post

| Golden Cheebs | The Perfect Combination Unites The Metaverse & The Influential Billionaires | The Most Legendary, Creative & Unique NFT Collection To Drop Our NFTs are Meaningful, Hyped, Rare & Collectable |

r/CryptoCurrencySee Post

Passive Income: Liquidity pools/Liquidity mining and Yield Farming explained

r/CryptoCurrencySee Post

Is Floki a real project or other memecoin

r/CryptoMoonShotsSee Post

Mini Uniswap | The Perfect Combination Unites The Metaverse & The Influential Billionaires | The Most Legendary, Creative & Unique NFT Collection To Drop Our NFTs are Meaningful, Hyped, Rare & Collectable |

r/CryptoCurrencySee Post

It’s been around 9 months of bear market now - what do you think hasn’t happened yet ?

r/CryptoMoonShotsSee Post

Fabwelt introduces new update - Arsenal 1.08 is here!!

r/CryptoMoonShotsSee Post

Empirium Tech | Long term project | SolidCommunity | 100k Market Cap | LowTax

r/CryptoMoonShotsSee Post

Kiss My Ass $ASS- Definitely a DEFI project getting a lot of eyes! Led by a Female Doxxed Dev who is pushing this hard! The community and holders are having fun while enjoying some xxx. The uniqueness of this project has attracted many solid well known names in the BSC space!

r/CryptoMoonShotsSee Post

SinkInu. Our name is bullish, our community is bullish and our destination is flying past the moon |SinkInu can become the Number One cryptocurrency soon | Don't Sleep On This |

r/CryptoCurrencySee Post

10 essential research tools in the currency circle

r/CryptoMoonShotsSee Post

BUSDX - The starting point of a road to the Metaverse of the future - CMC & CG Applied - Smart Staking Featured - Join our telegram - Let's Build Together

r/CryptoMoonShotsSee Post

XR COİN - The starting point of a road to the Metaverse of the future - CMC & CG Applied - Smart Staking Featured - Giveaway Contests Ongoing - All team doxxed

r/CryptoCurrencySee Post

Ripple Labs Is 'Interested' in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says after XRP exec says that "DEFI needs a killer app to go next level"

r/CryptoMoonShotsSee Post

XR Coin - The starting point of a road to the Metaverse of the future - CMC & CG Applied - Smart Staking Featured - Buy With Credit Card - Strong Community & Marketing

r/CryptoMoonShotsSee Post

XR COİN - The starting point of a road to the Metaverse of the future - CMC & CG Applied - Smart Staking Featured - Join our telegram - Let's Build Together

r/CryptoCurrencySee Post

Ethereum merge is going to be the game changer we have been waiting for.

r/CryptoMoonShotsSee Post

Hachiko Grow. Our name is bullish, our community is bullish and our destination is flying past the moon || Launching In Few Minutes |

r/CryptoMoonShotsSee Post

Hachiko Grow. Our name is bullish, our community is bullish and our destination is flying past the moon |

r/BitcoinSee Post

It’s summer - it’s hot

r/CryptoCurrencySee Post

It’s summer - it’s hot

r/CryptoMoonShotsSee Post

Miracle Venture Capital Club | The next TREMENDOUS token in Bnb Chain | Join our community for more info! | Redefine Your Future |

r/CryptoMoonShotsSee Post

SquidShib Our development team has had several 10x successful tokens so far, which can go the same way No risks of rug pull, you are in the safe side for ever , with the result that the graph will resemble the trajectory of a rocket flight.

r/CryptoMoonShotsSee Post

Do you Love SQUID AND SHIB as much as we do?! Then you have come to the right place. This is a SquidShib token with an actual real use-case, scroll down to find out more details. SquidShib Token is a decentralized community-driven meme

r/CryptoCurrencySee Post

Is decentralization really the main goal of cryptocurrencies??

r/CryptoMoonShotsSee Post

Miracle Venture Capital Club | The next TREMENDOUS token in Bnb Chain | Join our community for more info! | Redefine Your Future |

r/CryptoMoonShotsSee Post

| Goaty Grow | NFTs (or “non-fungible tokens”) are a special kind of cryptoasset in which each token is unique | Fair Launch Soon |

r/CryptoMoonShotsSee Post

Digitalatto - Decentralised Transaction Digital Asset on Binance Smart Chain

r/CryptoMoonShotsSee Post

Digitalatto - Swap, Stake, Farm, or do nothing and still earn! - Launching now on BSC

r/CryptoMoonShotsSee Post

Vanilla network returns as Vanilla Bet with It’s Star Product - The Head to Head Betting Dapp

r/CryptoMoonShotsSee Post

Digitalatto - Swap, Stake, Farm, or do nothing and still earn! - Launching Now on BSC - Join our telegram - Let's Build Together.

r/CryptoMoonShotsSee Post

Digitalatto - Swap, Stake, Farm, or do nothing and still earn! - Verified Contract - Big Partnership

r/CryptoCurrencySee Post

THE FIRST WEB 3.0 PLATFORM THAT INTEGRATES NFT, DEFI, EDUCATION AND REAL WORLD ASSET UTILITIES. Discover the meaning of Raydr, the power of the Earthshine and uncover how it feels to 'give back'.

r/CryptoCurrencySee Post

Discussion on some of the biggest technical challenges that still haven't been solved in DEFI?

r/CryptoMoonShotsSee Post

Pige Zilla Stealth launching 1 Minutes |$PIGE is Fully community-owned and managed. Every decision is made as a community | Contract renounced

r/CryptoMoonShotsSee Post

Pige Zilla is a community-driven meme cryptocurrency on Binance Smart Chain. Our contract is fully renounced, we have low tax on buys and sells.

r/CryptoCurrencySee Post

“When in doubt - zoom out” works in both ways

r/CryptoCurrencySee Post

I didn’t agree but now I see why regulations are put in place.

r/CryptoMoonShotsSee Post

Astro Cash | KYC + Audit | Airdrop is live! | Astro Cash, uniting a futuristic payment system, music and metaverse, all in one token | Presale Starts 30.07 | Strong Community & Experienced Team | Join NOW!

r/CryptoCurrencySee Post

Name 3 cryptos worth to follow outside of top 100

r/CryptoMoonShotsSee Post

Champs of Defi Radio - A Decentralized Social Audio App Project

r/CryptoMoonShotsSee Post

The Hiroki Inu. Our name is bullish, our community is bullish and our destination is flying past the moon | Don't Miss This bullish Gem |

r/BitcoinSee Post

Destroy trash coins for massive profits

r/CryptoCurrencySee Post

Destroy trash coins for massive profits

r/CryptoMoonShotsSee Post

| Shina Shiba | Everyone is looking for that 100x gem that is still under the radar | Here is the ultimate chance for you to be on board ! Here is the gigantic project of 2022 |

r/CryptoCurrencySee Post

Crypto ETF vs Real Crypto

r/BitcoinSee Post

What decentralisation can possibly bring to our society and why could we need decentralisation !

r/CryptoCurrencySee Post

What decentralisation can possibly bring to our society and why could we need decentralisation !

r/CryptoCurrencySee Post

ITT: BIS's deluded and dystopian report for their upcoming CBDCs

r/CryptoCurrencySee Post

4 year bear market is what CZ Binance expects.

Mentions

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

Most of crypto owners or investors were scammed by the CEFI platforms blinded attracted by the high income...I've understood that we cannot trust anyone in this sector, especially who offer 8% APY or even more. I've decided to don't invest anymore with them, I will find better options for sure. It's just no sense putting almost all your savings to get 2500€ after 12 months with the risk to lose everything after 3-4 years! They attract most of people possible in the market and then they say "Sayonara!" The real financial independence in my opinion is: - Don't belive to be rich quickly, it's impossible. Despite a lot of people every day say that's is possible. Just accept it. They want only your attention. - Learn by yourself, always. Never trust people from YT or from other social networks. Think the triple of the time before investing in a platform and assure that the project or whatever has solid bases. -Invest ALWAYS what you can really afford to lose. Always. Don't put all your savings on P2P, CEFI or DEFI platforms. Just small investiment every month. -Use your money for other purposes. Buy books and learn, spend them for an holiday, buy something for your love ones. Money it's not everything in our life. Our society is ultra focused on profit and career. It's bad! If we are really smart and wise , we can live with what we have now and not with what we will have in 5-10 years, because we can always lose everything tomorrow...

Mentions:#YT#DEFI

Yeah… pretty hard to grasp two measures… basically do you want more money to go to DEFI governors and do you think the foundation should be buying NFTs…. Let’s vote before something comes up and I forget!

Mentions:#DEFI

I still do low caps, and majorly into DEFI so I can easily stake them. BIFI, RUNE, DAFI, all looks good to me. I just accumulate them. When we start to pump, I'll be taking profits into BTC or ETH.

Which shows you haven't even bothered to look into how Nexo works. They don't allow undercollaterlized loans to anyone. You can't even use their own token to pay down your loans. https://twitter.com/Nexo/status/1597268220771082240?t=q1N_LSCe7KhH_yxEt4oWiQ&s=19 You really need to read the thread https://twitter.com/Nexo/status/1597268175598813186?t=ttIcqNpKdclFKYqqexJXxw&s=19 You really don't understand how people who have a lack of understanding in something will take the easiest option if it avoids having to take the time to learn it. Even if it costs them more in terms of higher interest rates. People will go to the easiest option even if it costs them more. Why? Because it's easier. Getting a loan on nexo is 10 times quicker and easier than going to a DEFI platform.

Mentions:#DEFI

Bitcoins biggest weakness is it's use case. Do we really need Bitcoin? Is it solving a problem that needs to be solved? Or is it technology in search of a use case? ​ Over 10 years on and we've still yet to see Bitcoin adopted by the masses as a useful technology. Yes the internet took throughout the 80s to mature enough to reach home consumer adoption in the 90s... and then exploded in the 2000's... so maybe we're at the cusp.... But the cusp of what exactly? How exactly is BTC going to change our lives, or offer anything that traditional fiat and banks don't already offer? Because so far smart contracts, instant transactions, bankless services, CEFI, DEFI.... it's has all fallen embarrassingly flat... So far all BTC has proven is the promise that it possibly may help you fight inflation. Kinda like a digital gold. That's it (for now).

Mentions:#BTC#DEFI

I keep forgetting this has been most people's first market cycle and the first cycle with DEFI accessible. Every time there's a new tech in crypto the first wave involved large amounts of financial fraudsters looking to capitalise, saw the same thing in ICOs, now DEFI and NFTs. Next bull we will have another tech on it's first legs and go through the same process. Ponzid are Ponzis no matter the vehicle.

Mentions:#DEFI

When you stake your DEFI coins, do you possess them? the "finance" part of DEFI is the scam. You didnt read what I wrote. All products as well as defi is a scam. Buy some coins, put them in your wallet until use or sale. Everything else is a scam. The entire crypto sphere is a scam is my point. BTC in a self custodial wallet is what this is about.

Mentions:#DEFI#BTC

Im loving this time around. The militarization people are going through is and will be way more severe than in the past. With each cycle BTC gains more traction and the shit coins around just fade into irrelevancy faster and faster. With actual massive (fraudulent) bankruptcies this time, it's hitting people harder. This will be the best cycle yet. Once they all realize what a scam crypto is (and we all do eventually) they will rush to BTC faster and in greater numbers than ever. Crypto has been getting hurt for 10+ years now.....BTC has not and only gets stronger...C'mon, lets go!! who's next to go bust. I want some DEFI exposed as BS too.

Mentions:#BTC#DEFI

what "those". My friend, you do not know what you are talking about. DEFI is a scam. If you want to enter into a smart contract written by a third party to hold your assets for you while you either earn or trade or wrap or any other nonsense, be my guest. There is only one rule to crypto. NOT YOUR KEYS, NOT YOUR COINS! If someone else is holding your coins for you in a centralized or decentralized manner, you will lose them eventually. All assets must be in a self custodial wallet. Period.

Mentions:#DEFI#KEYS

Those are not DEFI. DE comes from Descentralized, and if one thing those exchanges are not, is descentralized.

Mentions:#DEFI

**I think you can all safely assume that ANY crypto market that is offering staking, loans, crypto cards, derivatives, leverage or any other DEFI product is going to go bankrupt in the coming days/weeks or months. Further, given what is actually happening, you will continue to see crypto leaving exchanges. That means any CEX is also at a very, very high risk of going bust. Coinbase and Binance are not immune. All of crypto is a scam and has been since inception. The point of crypto is to NOT do any of the above.**

Mentions:#DEFI#CEX

There is nothing “insane” about this other than all of crypto has been warning all of you for more than a decade and still people hold assets on exchanges or in smart contracts. Exchanges do not have your coins. DEFI is dog shit wrapped in cat shit. Not your keys, not your coins. Good luck to anyone with any coins on any exchange.

Mentions:#DEFI

I consider myself an average trader with limited investment funds. I have been trading and HODLing since early 2017 when I made $30k and was hooked. Had 4 BTC at one time and sold thinking I was making a good call. I was also paying for my wedding so …. I have learned that taking profits on the way up and fighting the FOMO of missing out on potential short term gains has had a huge impact on my success this cycle. I have taken profit by intuition/luck/wisdom from past years before every major pull back this past year. I can honestly say that I am entirely in the green this pat year due to the practice of taking profit. It has protected gains and allowed incremental opportunities to buy back during expected and unexpected crashes in prices. I have had my entire crypto bankroll locked up for 1 + year since I bought to high towards the top. I age sold at a loss since I invested money I needed for rent, bills etc. I’ve taken out premature loans that interest rates outpaced profits waiting for the next bull run. It’s been an amazing, gratifying, beautiful, profitable, horrible, stressful, debt creating journey but I’ve paid my dues and continue to learn from each mistake. Crypto has the potential like most volatile investments to give or take tremendously. My walk aways are 1) always have a plan on what you want to buy and hold by staying informed and up to date in projects and current events. 2)Take some profit when you feel like you should hold off for more gains. 3)Only invest in amounts you don’t need or will not sell if there is a crash. 4)Use a hardware wallet whenever possible 5) Look for new projects that are early or big price drops that you believe in (short term big gains and exit to take profits in larger market caps) 6)DCA IN AND DCA OUT 7)Look for short term buys in market trends proactively i.e DEFI,NFT,PlaynEarn, WEB3, Identification protocols 8)Balance your time between degen crypto life and maintaining/improving the relationships in your life with friends and family. I’m still in this for the long run. $BTC, $ETH, $ADA, $SOL, $ATOM, $MATIC, $DOT, $ALGO Good luck and safe trading to all 🚀🫡

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

Same boat. Was building a white stake when they rugged us. Sold 1/3rd day of. Rest is sitting in DEFI

Mentions:#DEFI

Focus on BTC first. DCA is the way to go, especially in a bear. Know that most other coins outside BTC are gambling and need to be watched more carefully. Hard to set it and forget it like S&P. DEFI is a casino. If it sounds too good to be true, it probably is. Know that going in. Take profits when you can. Take profits when you can. Again, take profits when you can.

Mentions:#BTC#DEFI

Go check out the discussions on the official sub. There has been a lot of back and forth with the foundation over the proposals. Basically more emphasis on DEFI and possibly a set aside for investment in NFT ecosystem.

Mentions:#DEFI

Private DEFI is definitely the way forward and will potentially bring the greatest gains next bull run

Mentions:#DEFI

Seems like the general focus is more on gossip, shilling, moon-farming and lately the whole CEXs scandals. Like if everyone here is in for the tech and DEFI, why are all so concerned about CEXs? There are a lot of intersting projects comming up which no one here is talking about. If you really want to learn things about tech and projects, this is not the correct place anymore

Mentions:#DEFI

Harmony and some of its DEFI projects. 🤷‍♂️

Mentions:#DEFI

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

#Nano Con-Arguments Below is an argument written by pashtun92 which won 1st place in the Nano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # A bearish case for Nano: a discussion about bitcoin's scalability and a comparison of Nano with other altcoins. > > Disclaimer: This argument has been used by myself in the last round. I have updated some of the arguments. > > Update: today nano has fallen out of top 200 coin! > > The arguments I have seen in this subreddit are always the same boring arguments: It is fast, free and compared with bitcoin it takes less energy. Nano proponants have entire graphs of electricity use and metaphors to "strenghten" their case. What they forget to mention is that it is exactly this high electricity cost which provides the security of bitcoin. I dare say that bitcoin is the most secured blockchain in the world. Aside from perhaps ethereum, I don't think there is any crypto which has transaction volumes of over billions of USD's. For good reason, mind you. > > Now let's dive deeper into the arguments provided by nano proponants. What I always find interesting, is that nano proponants always claim that bitcoin "is not scalable", knowing full well that this is not the truth. By now, anyone in the space knows of the L2 solution for bitcoin, the lightning network, which does exactly the same as nano does: giving instant and practically free transactions. > > However, when you mention this to a nano proponant, they always come back with the same boring argument: "Ya but there is only 7 TPS in the main chain layer, therefore, L2 is not scalable, as you would need on-chain transactions to open and close LN channels". This is false, I dare say even FUD, as we have something called the lightning channel factories which can scale LN to support the entire world. They are not yet in use, as LN has not reached it's capacity yet. > > The nano proponant proceeds with more FUD: "Ya but LN has many security issues, there is the famous flood & loot attack, you should google it". What the nano proponant either don't know, or as I would expect from them, consciously omit is that we already have a sort of "firewall" for this attack and this problem has been fixed. I suspect consciously because they always claim bitcoin is not scalable when this is obviously false and they know that too. > > So the conclusion we can draw from here is that nano holds no competitive advantage over bitcoin. In contrast, bitcoin DOES hold competitive advantages over nano. For one, the micropayments possible with LN (e.g. paying equivalanet of 0.001 dollar) opens the way to revolutionazing finance and how companies operate. For example, right now all podcast makers have to find "sponsers" to earn money with the podcast. But now it is possible to listen to podcasts through LN, making 0.001 dollar payment per minute, which is nothing for the listener, but can amount to a significant sum for the podcast creator. You could also do something like 'pay for what you watch' as opposed to having a subscription of 10 dollar/month even if you don't use it. > > Aside from this, there are also many other things you can do with LN which I will only briefly touch but link to here: > > It is possible to send messages (app like or email) through LN, completely private and encrypted > > Use atomic multipad payments (AMP) to send FILES through nodes in LN (e.g. an audio file) > > Call someone without anyone ever knowing through LN and even send money over if you wish so > > Decentralised finance (lending & borrowing bitcoin specifically) > > Earn satoshi's through playing games > > We also have important updates coming to the bitcoin network such as Schorr Signatures, RGB and possibly Eltoo. This would make the use of smart contracts very easy on bitcoin and pave the way for DEFI similar to the scale of ETH and others. > > What I find interesting about nano proponant is that they never, NEVER compare nano to other altcoins in their "bull case for nano". Why is this you may ask? The answer is obvious: anyone would immediatly notice that other altcoins can do what nano can and have much better functionality, use cases and backing. All nano can do is transact value from A to B, free and cheap. Let's take a look at a small list of other coins which can do pretty much the same, but also have the potential of DEFI: > > Ethereum (In DEFI, king of security) > > Solana ( In DEFI king of speed) > > Cardano ( In DEFI king of decentralisation) > > XLM > > IOTA > > ALGO > > Yet the nano proponant will claim that nano is undervalued, when it has no competitive advantage whatsoever. Some of them will claim that it is best used for "day to day transactions". Like outlined above, one could easily use LN for that and much more, making nano obsolete. Or if a person was keen on privacy, he or she would use monero for day to day transactions - which is as we all know the king of privacy. > > Nano proponant have a dream that some day it will overtop bitcoin. However, the truth is much harsher. For one, nano used to be a top 10 coin in 2017. Now it temporarily fell out of top 100 just a few months ago. I speculate that this downward trend will continue and nano will drop out of top 100 by the next bull cycle. In my opinion the only reason nano shillers shill this coin is because of personal greed and not fundamentals or use cases. We are living in 2021 and not 2017. We expect more from a coin than just being cheap and fast. > > Tl;dr: Nano has no competitive advantage or whatsover. It is claimed to be fast and cheap, which is true, however the same applies to L2 LN of bitcoin and many other altcoins. Aside from this, LN and other altcoins provide us with many more fuctionalities and use cases, making nano an obsolete coin of 2017. > > Nano spam attack: Because of its non-existant fees, it makes the network susceptible to a Sybil attack. Not mentioned in my original post, but add security risk to another con of nano network. This is proof to me that nano would never function as a global reserve currency. Link: Nano’s Network Flooded With Spam, Nodes Out of Sync (coindesk.com) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yip/coin_inquiries_round_nano_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Nano) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z3yh86/daily_general_discussion_november_25_2022_gmt0/).

damn, granted I don't use it for any DEFI but I am just barely seeing it come across [Twitter today.](https://twitter.com/ByzGeneral/status/1596152892968546304)

Mentions:#DEFI

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

#Nano Con-Arguments Below is an argument written by pashtun92 which won 1st place in the Nano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # A bearish case for Nano: a discussion about bitcoin's scalability and a comparison of Nano with other altcoins. > > Disclaimer: This argument has been used by myself in the last round. I have updated some of the arguments. > > Update: today nano has fallen out of top 200 coin! > > The arguments I have seen in this subreddit are always the same boring arguments: It is fast, free and compared with bitcoin it takes less energy. Nano proponants have entire graphs of electricity use and metaphors to "strenghten" their case. What they forget to mention is that it is exactly this high electricity cost which provides the security of bitcoin. I dare say that bitcoin is the most secured blockchain in the world. Aside from perhaps ethereum, I don't think there is any crypto which has transaction volumes of over billions of USD's. For good reason, mind you. > > Now let's dive deeper into the arguments provided by nano proponants. What I always find interesting, is that nano proponants always claim that bitcoin "is not scalable", knowing full well that this is not the truth. By now, anyone in the space knows of the L2 solution for bitcoin, the lightning network, which does exactly the same as nano does: giving instant and practically free transactions. > > However, when you mention this to a nano proponant, they always come back with the same boring argument: "Ya but there is only 7 TPS in the main chain layer, therefore, L2 is not scalable, as you would need on-chain transactions to open and close LN channels". This is false, I dare say even FUD, as we have something called the lightning channel factories which can scale LN to support the entire world. They are not yet in use, as LN has not reached it's capacity yet. > > The nano proponant proceeds with more FUD: "Ya but LN has many security issues, there is the famous flood & loot attack, you should google it". What the nano proponant either don't know, or as I would expect from them, consciously omit is that we already have a sort of "firewall" for this attack and this problem has been fixed. I suspect consciously because they always claim bitcoin is not scalable when this is obviously false and they know that too. > > So the conclusion we can draw from here is that nano holds no competitive advantage over bitcoin. In contrast, bitcoin DOES hold competitive advantages over nano. For one, the micropayments possible with LN (e.g. paying equivalanet of 0.001 dollar) opens the way to revolutionazing finance and how companies operate. For example, right now all podcast makers have to find "sponsers" to earn money with the podcast. But now it is possible to listen to podcasts through LN, making 0.001 dollar payment per minute, which is nothing for the listener, but can amount to a significant sum for the podcast creator. You could also do something like 'pay for what you watch' as opposed to having a subscription of 10 dollar/month even if you don't use it. > > Aside from this, there are also many other things you can do with LN which I will only briefly touch but link to here: > > It is possible to send messages (app like or email) through LN, completely private and encrypted > > Use atomic multipad payments (AMP) to send FILES through nodes in LN (e.g. an audio file) > > Call someone without anyone ever knowing through LN and even send money over if you wish so > > Decentralised finance (lending & borrowing bitcoin specifically) > > Earn satoshi's through playing games > > We also have important updates coming to the bitcoin network such as Schorr Signatures, RGB and possibly Eltoo. This would make the use of smart contracts very easy on bitcoin and pave the way for DEFI similar to the scale of ETH and others. > > What I find interesting about nano proponant is that they never, NEVER compare nano to other altcoins in their "bull case for nano". Why is this you may ask? The answer is obvious: anyone would immediatly notice that other altcoins can do what nano can and have much better functionality, use cases and backing. All nano can do is transact value from A to B, free and cheap. Let's take a look at a small list of other coins which can do pretty much the same, but also have the potential of DEFI: > > Ethereum (In DEFI, king of security) > > Solana ( In DEFI king of speed) > > Cardano ( In DEFI king of decentralisation) > > XLM > > IOTA > > ALGO > > Yet the nano proponant will claim that nano is undervalued, when it has no competitive advantage whatsoever. Some of them will claim that it is best used for "day to day transactions". Like outlined above, one could easily use LN for that and much more, making nano obsolete. Or if a person was keen on privacy, he or she would use monero for day to day transactions - which is as we all know the king of privacy. > > Nano proponant have a dream that some day it will overtop bitcoin. However, the truth is much harsher. For one, nano used to be a top 10 coin in 2017. Now it temporarily fell out of top 100 just a few months ago. I speculate that this downward trend will continue and nano will drop out of top 100 by the next bull cycle. In my opinion the only reason nano shillers shill this coin is because of personal greed and not fundamentals or use cases. We are living in 2021 and not 2017. We expect more from a coin than just being cheap and fast. > > Tl;dr: Nano has no competitive advantage or whatsover. It is claimed to be fast and cheap, which is true, however the same applies to L2 LN of bitcoin and many other altcoins. Aside from this, LN and other altcoins provide us with many more fuctionalities and use cases, making nano an obsolete coin of 2017. > > Nano spam attack: Because of its non-existant fees, it makes the network susceptible to a Sybil attack. Not mentioned in my original post, but add security risk to another con of nano network. This is proof to me that nano would never function as a global reserve currency. Link: Nano’s Network Flooded With Spam, Nodes Out of Sync (coindesk.com) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yip/coin_inquiries_round_nano_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Nano) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z34qab/daily_general_discussion_november_24_2022_gmt0/).

Bruh. That defeats the purpose of DEFI. A centralized entity makes it and only allows their own coin to be used.

Mentions:#DEFI

He's [denying](https://twitter.com/avi_eisen/status/1595025268619759621) the article claim, but yeah DEFI is a tough place to be, MEV is a brutal sport and and at the end of the day only the fit survive.

Mentions:#DEFI#MEV

#Nano Pro-Arguments Below is an argument written by Dwarfdeaths which won 1st place in the Nano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copied from my post on the previous cointest thread: > > To start things off, I will take for granted that Nano is the best at simply being a digital currency. There is no other protocol that I’m aware of which matches the speedy, feeless, eco-friendly, and highly scalable properties of Nano for peer to peer payment. Its asynchronous mode of operation allows it to scale continuously as hardware and bandwidth improves over time. Its consensus protocol has so far proven secure and non-centralizing. The only flaw actually demonstrated in real life has been spam resistance, for which steps have been/are being taken to mitigate. When asked to envision a globally adopted cryptocurrency, Nano presents a clear solution. At the end of the post I will address some common arguments against Nano being good at digital cash, but otherwise I will move on to my main point. > > In the current landscape of crypto technologies, Nano’s functionality as *merely* digital cash can sound underwhelming. When confronted with the choice between a protocol that does digital money and a protocol that can potentially do “everything,” it’s easy to dismiss the money use case. On the contrary, I think being a good digital cash is absolutely critical and perhaps the only thing that matters long term. I have two main parts to my argument: First, most proposed uses for crypto are bad, and second, Nano isn’t incompatible with the good uses, and in fact is necessary for them to work. Before continuing I’ll note that Nano’s use case is not earth-shattering. For the average person in a modern country with the convenience of credit cards, it will make a pretty minor difference in their lives. For myself, it would have (a) saved me from paying an international wire fee while registering for a conference recently, and (b) would save the 3% credit card processing fee I paid at the DMV, as well as for all the businesses that normally foot this bill (which will probably be the main driver for adoption if it happens). Other things, like preventing the monopolistic control of payment processing (see OnlyFans) are also worth considering, and is one of the original motivations for bitcoin, but are less tangible. For countries without a stable currency it becomes a bit more serious as you're also inheriting a more usable currency than what your government can provide. So I think crypto has a chance to make marginal improvements over our existing system, and thus should be promoted, but isn't an earth-shattering breakthrough. > > Anyway. The first part of the argument is probably unpopular so let’s get it over with. **Most proposed use-cases of crypto(currencies) are bad.** This stems from the fact that a completely trustless, decentralized system can only agree on virtual information, such as opinions. Anything coming from the real world is subject to the “garbage in, garbage out” principle (also known as the oracle problem), or from enforcing anything that the ledger says on the real world. Money is one of the few things that is truly virtual (though, the exchange of goods is not!). In Nano, a transaction could be considered two people expressing the opinion that one should pay the other, and it is backed by their cryptographic signatures. Publishing and signing documents was one of the other earlier use cases for blockchains, and is essentially expressing your opinion that you agree with/to the document. A use-case like logistics or insurance or betting requires input from the real world. A block-chain can gather people’s opinions on whether some aspect of reality is true, but that doesn’t necessarily mean it’s true, which means you have to trust people to accurately represent reality. So, not trustless. And if it’s not trustless, why did you bother making it a crypto app? When you boil it down, 'crypto' can only every let you add the properties of (decentralized, trustless, permissionless) to something that was already possible with software. If that doesn't add any benefit, either because those properties weren't needed or because there is a practical reason that those properties can't be attained, then the proposed use case is ultimately doomed. Let me quickly go through a list of the most commonly cited applications I’m aware of and why they are bad: > > - **Stablecoins** – irrelevant once a global cryptocurrency is adopted. > - **Lending** – definitely worthwhile if it could be done, but AFAIK you can never do **trustless, uncollateralized loans**, which almost entirely defeats the purpose. If your collateral is another ostensibly fungible currency, then there was no need for the loan. Loans in the typical sense will always be trusting and personally identifiable for the foreseeable future. > - **Yield farming, liquidity mining** - Zero sum nonsense. > - **Insurance** - garbage in garbage out. Sure you can write a contract that will handle your insurance plan, but you need an authority to establish what actually happened in the real world. Who is going to verify that your car got dented in a hit and run, or that your water damage bills are accurate, or that a dude actually died? > - **Logistics** - garbage in garbage out. Blockchain doesn't prevent some guy in the supply chain from tampering with or misreporting a shipment. If something goes wrong, you are still going to have to investigate and track down exactly what happened in the real world for any resolution. > - **Crowdfunding** - An actually useful concept, but governance is tricky because it must all be based on the opinions of the network participants. Who is the arbiter of the deliverables? Did the fundee actually make the thing they said they would? Can the crowd just stiff the fundee even if they delivered? I think this problem may be solvable on average, but not universally. As is often the case, this decentralized application need not itself be currency. > > - **Decentralized exchanges** - Largely irrelevant if a true global currency like Nano is adopted. These could be useful for exchanging between the fast P2P coin and a privacy coin like Monero, but that’s about it. See part two below for more clarification. There’s again no reason to make the DEX a currency itself. > > It may sound implausible that a platform like Ethereum can have so much traffic and have little to no real utility, but I think this is a byproduct of the influx of speculative money into the system. Most of the traffic is either speculation or speculation services. Much like a roulette wheel is a legitimate service to facilitate gambling, most of these smart contract functionalities are services that facilitate moving money around in increasingly obscure and ultimately useless ways. While roulette wheels will certainly never go away, I wouldn't expect them to gain global usage either. > > Now for the second part of the argument. Any cryptocurrency that can’t natively scale to **global, day-to-day, coffee-buying** adoption is not a good cryptocurrency. As stated above, one of the main motivations for cryptocurrencies existing is that they are trustless, permissionless, and censorship resistant. If you need to go to an exchange to turn your cryptocurrency into a spendable currency, you are now trusting the exchange, you are requiring permission from the exchange, and the exchange can censor your wishes to buy whatever it is you wanted to buy. You can shuffle between as many neat cryptos on a DEX as you want, but ultimately if you want to buy a coffee you either need a crpyto that can scale to coffee buying or you need a fiat exchange that breaks crypto properties. Nano is the coffee buying crypto. Bitcoin’s store of value argument is destroyed by the necessity of exchanges. A true store of value can be spent at any time, on anything, without fees or the need to interact with any third party. (Note: lightning network sacrifices crypto properties, so I’m ignoring it as a cryptocurrency. People are free to treat it like a cryptocurrency, but it’s not.) > > For the few useful decentralized applications that might exist, they can almost certainly be made to work with Nano as their settlement layer, if they need a settlement layer at all. (BitTorrent is a DApp that existed well before cryptocurrency...) Smart contracts can look at the Nano chain for proof that a payment has been made, and can execute payments on the Nano network. There’s no need to have a platform where transaction and execution of arbitrary programs are competing for the same computing resources, and it creates a harmful economic pressure on transacting that will eventually create pain points when the network is inevitably pushed to its throughput limits. The decision against smart contracts in Nano is a conscious one. > > So, putting these things together, I think the vast majority of crypto coins are a bad idea, incorporating DEFI functionality is adding little or no value, and that above all the use case that will fundamentally matter is still performance as digital cash. Any secondary applications will need this core functionality/adoption as the starting point, and none of the other existing protocols do it as well as Nano. > > In the reply below I will address a few common arguments against Nano working as digital cash. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yi9/coin_inquiries_round_nano_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Nano) to find arguments on this topic in other rounds.

Mentions:#DEX#DEFI

#Nano Pro-Arguments Below is an argument written by Dwarfdeaths which won 1st place in the Nano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copied from my post on the previous cointest thread: > > To start things off, I will take for granted that Nano is the best at simply being a digital currency. There is no other protocol that I’m aware of which matches the speedy, feeless, eco-friendly, and highly scalable properties of Nano for peer to peer payment. Its asynchronous mode of operation allows it to scale continuously as hardware and bandwidth improves over time. Its consensus protocol has so far proven secure and non-centralizing. The only flaw actually demonstrated in real life has been spam resistance, for which steps have been/are being taken to mitigate. When asked to envision a globally adopted cryptocurrency, Nano presents a clear solution. At the end of the post I will address some common arguments against Nano being good at digital cash, but otherwise I will move on to my main point. > > In the current landscape of crypto technologies, Nano’s functionality as *merely* digital cash can sound underwhelming. When confronted with the choice between a protocol that does digital money and a protocol that can potentially do “everything,” it’s easy to dismiss the money use case. On the contrary, I think being a good digital cash is absolutely critical and perhaps the only thing that matters long term. I have two main parts to my argument: First, most proposed uses for crypto are bad, and second, Nano isn’t incompatible with the good uses, and in fact is necessary for them to work. Before continuing I’ll note that Nano’s use case is not earth-shattering. For the average person in a modern country with the convenience of credit cards, it will make a pretty minor difference in their lives. For myself, it would have (a) saved me from paying an international wire fee while registering for a conference recently, and (b) would save the 3% credit card processing fee I paid at the DMV, as well as for all the businesses that normally foot this bill (which will probably be the main driver for adoption if it happens). Other things, like preventing the monopolistic control of payment processing (see OnlyFans) are also worth considering, and is one of the original motivations for bitcoin, but are less tangible. For countries without a stable currency it becomes a bit more serious as you're also inheriting a more usable currency than what your government can provide. So I think crypto has a chance to make marginal improvements over our existing system, and thus should be promoted, but isn't an earth-shattering breakthrough. > > Anyway. The first part of the argument is probably unpopular so let’s get it over with. **Most proposed use-cases of crypto(currencies) are bad.** This stems from the fact that a completely trustless, decentralized system can only agree on virtual information, such as opinions. Anything coming from the real world is subject to the “garbage in, garbage out” principle (also known as the oracle problem), or from enforcing anything that the ledger says on the real world. Money is one of the few things that is truly virtual (though, the exchange of goods is not!). In Nano, a transaction could be considered two people expressing the opinion that one should pay the other, and it is backed by their cryptographic signatures. Publishing and signing documents was one of the other earlier use cases for blockchains, and is essentially expressing your opinion that you agree with/to the document. A use-case like logistics or insurance or betting requires input from the real world. A block-chain can gather people’s opinions on whether some aspect of reality is true, but that doesn’t necessarily mean it’s true, which means you have to trust people to accurately represent reality. So, not trustless. And if it’s not trustless, why did you bother making it a crypto app? When you boil it down, 'crypto' can only every let you add the properties of (decentralized, trustless, permissionless) to something that was already possible with software. If that doesn't add any benefit, either because those properties weren't needed or because there is a practical reason that those properties can't be attained, then the proposed use case is ultimately doomed. Let me quickly go through a list of the most commonly cited applications I’m aware of and why they are bad: > > - **Stablecoins** – irrelevant once a global cryptocurrency is adopted. > - **Lending** – definitely worthwhile if it could be done, but AFAIK you can never do **trustless, uncollateralized loans**, which almost entirely defeats the purpose. If your collateral is another ostensibly fungible currency, then there was no need for the loan. Loans in the typical sense will always be trusting and personally identifiable for the foreseeable future. > - **Yield farming, liquidity mining** - Zero sum nonsense. > - **Insurance** - garbage in garbage out. Sure you can write a contract that will handle your insurance plan, but you need an authority to establish what actually happened in the real world. Who is going to verify that your car got dented in a hit and run, or that your water damage bills are accurate, or that a dude actually died? > - **Logistics** - garbage in garbage out. Blockchain doesn't prevent some guy in the supply chain from tampering with or misreporting a shipment. If something goes wrong, you are still going to have to investigate and track down exactly what happened in the real world for any resolution. > - **Crowdfunding** - An actually useful concept, but governance is tricky because it must all be based on the opinions of the network participants. Who is the arbiter of the deliverables? Did the fundee actually make the thing they said they would? Can the crowd just stiff the fundee even if they delivered? I think this problem may be solvable on average, but not universally. As is often the case, this decentralized application need not itself be currency. > > - **Decentralized exchanges** - Largely irrelevant if a true global currency like Nano is adopted. These could be useful for exchanging between the fast P2P coin and a privacy coin like Monero, but that’s about it. See part two below for more clarification. There’s again no reason to make the DEX a currency itself. > > It may sound implausible that a platform like Ethereum can have so much traffic and have little to no real utility, but I think this is a byproduct of the influx of speculative money into the system. Most of the traffic is either speculation or speculation services. Much like a roulette wheel is a legitimate service to facilitate gambling, most of these smart contract functionalities are services that facilitate moving money around in increasingly obscure and ultimately useless ways. While roulette wheels will certainly never go away, I wouldn't expect them to gain global usage either. > > Now for the second part of the argument. Any cryptocurrency that can’t natively scale to **global, day-to-day, coffee-buying** adoption is not a good cryptocurrency. As stated above, one of the main motivations for cryptocurrencies existing is that they are trustless, permissionless, and censorship resistant. If you need to go to an exchange to turn your cryptocurrency into a spendable currency, you are now trusting the exchange, you are requiring permission from the exchange, and the exchange can censor your wishes to buy whatever it is you wanted to buy. You can shuffle between as many neat cryptos on a DEX as you want, but ultimately if you want to buy a coffee you either need a crpyto that can scale to coffee buying or you need a fiat exchange that breaks crypto properties. Nano is the coffee buying crypto. Bitcoin’s store of value argument is destroyed by the necessity of exchanges. A true store of value can be spent at any time, on anything, without fees or the need to interact with any third party. (Note: lightning network sacrifices crypto properties, so I’m ignoring it as a cryptocurrency. People are free to treat it like a cryptocurrency, but it’s not.) > > For the few useful decentralized applications that might exist, they can almost certainly be made to work with Nano as their settlement layer, if they need a settlement layer at all. (BitTorrent is a DApp that existed well before cryptocurrency...) Smart contracts can look at the Nano chain for proof that a payment has been made, and can execute payments on the Nano network. There’s no need to have a platform where transaction and execution of arbitrary programs are competing for the same computing resources, and it creates a harmful economic pressure on transacting that will eventually create pain points when the network is inevitably pushed to its throughput limits. The decision against smart contracts in Nano is a conscious one. > > So, putting these things together, I think the vast majority of crypto coins are a bad idea, incorporating DEFI functionality is adding little or no value, and that above all the use case that will fundamentally matter is still performance as digital cash. Any secondary applications will need this core functionality/adoption as the starting point, and none of the other existing protocols do it as well as Nano. > > In the reply below I will address a few common arguments against Nano working as digital cash. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yi9/coin_inquiries_round_nano_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Nano) to find arguments on this topic in other rounds.

Mentions:#DEX#DEFI

If we were completely DEFI.. this mess wouldn't happen

Mentions:#DEFI

It’s a governance token that lowers fees and lend. It is not tied to any persons deposits. https://docs.aave.com/developers/deployed-contracts/security-and-audits This is AAVEs security audits, you can go look at the contracts yourself. Additionally, AAVE is decentralized and the only way to update a contract on v3 is to have a community vote. Additionally, AAVE v1 and v2 do not have proxy contracts so no, you can not just change the contract. You should probably read up on DEFI before posting these things. It’s very clear you don’t have a clue how these things work. I would also suggest Economics and finance 101 courses. Sees to me you just found out what shorting is and it’s your first day in DEFI. I really don’t want to be mean here but you are the OP of a post trying to call out one of the most audited, biggest, and longest standing DEFI protocol and you have zero clue how basic economics and DEFI works. It has became painfully obvious and I do not have the time to spoon feed you this stuff anymore. It was a great attempt at moonfarming so I’ll give you that.

Mentions:#AAVE#DEFI#OP

What? FTX users lost every bit of their funds. Getting liquidated in a long market because you are leveraged is not in the same realm of FTX. I’m starting to think people here don’t understand DEFI. If you pool your funds in a long position then are liquidated because that long position fell below a healthy liquidation threshold that’s just getting wrecked in trading which happens every single day in almost every market on the planet. FTX was legit fraud. You could be 100% healthy and got “liquidated”.

Mentions:#FTX#DEFI

DEFI DOESN'T GO BROKE if it does it isn't decentralized

Mentions:#DEFI

I read 8% was safe and reasonable, it was the 8% a day that was sketch. In any case, I got into CEFI/DEFI back in January "dip" , it's been enlightening watching the "money you can only afford to lose" go poof.

Mentions:#DEFI

How much they are giving on ETH, and what is the best DEFI??

Mentions:#ETH#DEFI

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

DEFI: "Hold my bag".

Mentions:#DEFI

I try to look at the bright side of things but Im having a hard time here. The only thing I found was Ledger and Trezor reporting huge sales and an increase in DEFI exchange activity.

Mentions:#DEFI

Amazing how all of these FUD schemes are developing a narrative for regulators to follow. Terra collapse > Stablecoins are bad, we need CBDC… Celsius, Voyager, etc collapse > DEFI is bad… FTX collapse > Crypto actors can’t be trusted. Your BTC might be worthless. FTX ‘hacker’ > Bridges are bad… we need silos. Next, privacy coin’s probably. I expect them to be used at some point in this fiasco.

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

I’m gonna start looking at DEFI. Haven’t jumped in yet, but the time seems right

Mentions:#DEFI

DEFI has been really validated this cycle. The companies that have run off of open source code and DAO protocols (Compound, Maker etc) have proven their superiority to the shady billionaire “trust me bros” rug-pulls.

Mentions:#DEFI#DAO

Don’t know what they are. But I do like DEFI sooo

Mentions:#DEFI

True, I guess the real state of many crypto projects (no matter if DEFI or CEX) is in a terrible spot at the moment

Mentions:#DEFI#CEX

I agree with the sentiment, but the big issue with DEFI is that anyone can setup an exchange who have only the knowledge to get it working Also look at Luna and ust which is decentralised.... So many defi exchange exploits, bridge exploits, scams etc It's hard to know what to trust, and even if they are trust worthy, who knows what someone will find in the code Just look at the heartbleed exploit for openssl. It was and is used massively globally, is trusted and considered secure, and is open source. An exploit was introduced in 2012 which sat undetected for 2 years

Mentions:#DEFI

until a hacker exploits a. flaw in the code and steals millions of dollars Neither CEFI or DEFI are perfect and it's hard for the average person to know

Mentions:#DEFI

I hold some coins as I believe digital store of value isn't going away so I have a couple of SOV coins I also hold several L1 network coins as I think DEFI, NFTs, DAOs etc aren't going away and there will be several L1s used in the future Lastly, I hold some tokens that it feel have interesting technology behind them and I can see their protocol being used in the future I think some protocols can be somewhat fairly valued. To simplify, if an established protocol which which has 100 coins in total, earns $1000 a year in fees and distributes this to token holders, then those holders would earn $10 a year. I think you could put a fair value on this token

Mentions:#SOV#DEFI

#Algorand Pro-Arguments Below is an argument written by Isulet which won 3rd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Algorand > > Algorand is a decentralized blockchain network that is very popular due to its low fees and fast transactions. However, there is more to Algo than meets the eye. There are many positives about Algo which could make it one of the top cryptocurrencies. Let’s take a look. > > Accelerated Vesting > > Generally when accelerated vesting is mentioned, it is as a con. People see it as bias towards early backers/node runners, price suppression, and unequal distribution. However, I would argue that it instead created a healthy price and environment for the creation of an internet currency. Volatility is a word often heard with cryptocurrency and this program was put in place as a way to minimize that threat. Supply was just too big for the state of adoption at the time. The supply was planned to be released over five years as follows: Year 1 (2020) 3% (for a total of 17%, as relay nodes had already received 14% of their total share at this point) Year 2 (2021), 8% (for a total of 25%) Year 3 (2022), 25% (for a total of 50%) Year 4 (2023), 35% (for a total of 85%) Year 5 (2024), 40% (for a total of 125%). The extra 25% was a reward for those running the relay nodes/early backers. This release could be “accelerated” (hence accelerated vesting) based on the price of Algo when it reached all time highs over a 30 day average. While this did keep the price down, it created healthy movement of the price and kept it predictable, making it much more usable as an internet currency with organic price growth rather than something with wild fluctuations. It also incentivized the running of the blockchain through the relay nodes (We will get into this next). Regardless of a person’s opinion on accelerated vesting, it is a bit moot at the moment because accelerated vesting is finished. Algorand Foundation announced on October 5th that the supply had been distributed through the accelerated vesting program and the remainder of the locked supply of the original 10 billion minted would be released through governance. So the argument about price suppression and all that is not really relevant anymore though the early ending of the program. > > Relay Nodes > > I mentioned the relay nodes earlier as they help run the Algorand blockchain and were incentivized to do so. They are under contract to continue until 2024. They serve as network hubs and communicate with other nodes/other types of nodes (participation nodes). The relay nodes decongest the system and help keep it fast and efficient. A problem often mentioned with the relay nodes is with perceived centralization. Algorand Foundation picked companies, universities, and other early backers to run the relay nodes and keeps a list of them. This is seen as centralized by many and therefore they think it goes against the image algorand portrays. This is basically a misconception because the blockchain is run by the participation nodes, which then relay their decisions through the relay nodes. The participation nodes are indeed decentralized and permissionless, thus staying true to the image Algo wishes to portray. > > PPOS > > PPOS, or Pure Proof of Stake is what algorand operates on, as opposed to POW which is what bitcoin and some other cryptos operate on. POW has a huge downside of not being environmentally due to the massive amounts of energy needed to solve the complex problems that secure the network. Miners working for a POW blockchain could also manipulate the system should there be enough of them (51% attack). Algo operating under a PPOS system randomly selects an algo holder which validates the blocks/transactions and it is easily verifiable. By randomly distributing the tasks in a secret manner and having verifiability, the network is secured. (If you’re interested check out https://people.csail.mit.edu\/nickolai/papers/gilad-algorand-eprint.pdf > For more information about the “Byzantine Agreement”. They go into detail here and it is pretty cool.) > > Staking Rewards > > Currently, Algo offers staking rewards. This is different from other cryptos because there is no need to lock up your algo. Holding algo lets you automatically stake it. This is very attractive for beginners due to its ease of use. Holders love it as well because they accumulate more algo. Traders like it because of the lack of lock up and so can still stake while also trading when necessary. While this will end and governance rewards will take its place, it is a very appealing program for the time being. > > Governance > > As mentioned, governance will replace staking rewards. Governance is a great part of algo where you commit a certain amount of your algo for a quarter (3 months) and if you hold the amount you commit and vote on all proposals you are rewarded with a high apy%. This program encourages holding, allows for community participation, helps with decentralization, and rewards holders of algo. > > Speed and Fees > > I won’t spend much time here as these are the two points most holders know already. Algo blockchain has better scalability than other major blockchains like ethereum and can process a lot more transactions per second. THerefore it is much faster and that speed is very appealing to users. Fees are also very low with Algo, in stark contrast to high gas fees from Ethereum. > > Use Cases > > The stability of Algo allows it to be used as a digital currency very easily. But beyond using algo as a digital currency, countries could easily use it to create their own Central Bank Digital Currencies (CBDC) such as like the Marshal Islands is doing with Algo and China with the Digital Yuan. Algorand is well suited for this due to measures put in to decrease inflation and low transaction fees. FINTECH and DEFI are also popular use cases for Algo with tokens like Opulous benign released on Algorand for decentralized finance for musicians and artists. Algo is also getting in on the NFT craze and other trends in crypto. > > Developer Team > > Algorand was created by Silvio Micali and his team of professors, CEOs, and other high minded individuals. Silvio himself is a professor at MIT and highly notable in his field. This vetted and well acknowledged team lends support to Algo because it can be trusted due to those who created it and it is seen as a high quality product. ‘ > > Conclusion. > > Algorand is more than just a fast and low cost crypto. It is everything crypto investors want; it is decentralized, it is stable, organic, and affordable, it operates in a way that helps to prevent attacks and cheating, it rewards users and allows for community participation, and it has many use cases. It is a solid crypto and investment and should be considered by anyone in the crypto sphere. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Mentions:#DEFI#MIT

Centralized exchanges are bad for crypto. So many Fail to delivers. The stock market and the crypto market. DEFI or bust. P2P trustless .. don't get burnt trust someone to hold your assets unless it's FDIC insured. And even the. Risky

Mentions:#DEFI

DYOR has never failed me. DYOR led me to invest in Ada, BTC & ETH. DYOR also told me to get the F off exchanges,become my own bank, avoid all DEFI and NFT garbage which are scams anyway.

Whadup it's ya boi...you're favorite SCRT shill It's my favorite project on the Cosmos ecosystem. If you're OG enough it was known as Enigma (ENG) on ETH back in the day. They moved to the Cosmos IBC in early 2021 afaik. It has partnered with Tarantino and [Kevin Smith](https://scrt.network/blog/secret-deep-dive-unlocking-web3-movies-with-secret-nfts) in 2021 for private NFTs. It has a private DEFI swap / lending coming soon thanks to [Shade Protocol](https://shadeprotocol.io/). There's Two other swaps already operating on the network as well. You can turn most IBC tokens into privacy tokens via their [wrap tool](https://wrap.scrt.network/). BNB / ETH and XMR [bridges](https://bridge.scrt.network/) which are getting re-worked for added privacy / performance soon. It's doing great now but they're doing so much more [SOON](https://forum.scrt.network/t/secret-2-0-the-next-generation-request-for-feedback/6607) ^(tm) Awesome NFT features thanks to [how SCRT works](https://twitter.com/ReedCulver/status/1572446882030571522) Tons of other PriFi (Private Finance) DAOs and apps airdropping in [Q1](https://twitter.com/BlizzardFin/status/1593280226464874496) [Crazy low cap gems like Button Swap](https://thecoinperspective.com/compare/buttcoin-2) which is an [aggregate swap](https://btn.group/secret_network/button_swap) to find you the best deal. It's just became fully IBC enabled in October so I hope to see it checking OSMO and KUJI soon!

I’m with you. Lots of unknown with Eth. Definitely a great platform as many good DEX / DEFI projects succeeding there. Though, I use Polygon for DeFi because my stash / gas ratio is better there. Higher TVL on Uniswap on polygon; so other people like cheap fast transactions too. I’m still waiting for the first good and popular implementation of smart contracts in the Bitcoin blockchain; I invested in Mastercoin (now ominchain). 😭 I thinks some ERC-20 solution which can link to BTC through multichain contracts will win instead of a direct on chain solution like stacks (STX).

I'm dca a small amount in to alt's , it has a chance of a way bigger return. Mostly iso20022 and and DEFI.

Mentions:#DEFI

I can't say it is, and neither can I say it's not. Anyone coming into the crypto space should know that there are risks attached. So, if you choose to, thread with caution. Personally going in on these, DAFI, BIFI, RUNE, and a couple of other DEFI projects as well. However, not with what I can't afford to lose.

Absolutely. The boomers have the money (as far as retail traders go). The majority of them are not going to self custody or explore DEFI. Hell, even CEXs are too much for some. Many are waiting for ETF's (which is a whole other thing). CEXs with eas of use and most importantly *reliability* are absolutely critical for growing adoption.

Mentions:#DEFI

Hmm if you understand DEFI you should know that there’s no KYC, you’re buying from a liquidity pool. Cowswap is the best DEFI it make sure you don’t get front buy

Mentions:#DEFI

Did Do Kwon misappropriate customers funds? Did he funneled money form an exchange to an hedge fund using a backdoor? It seems to me that these cases are quite different. Luna felled because of technical reasons and because it was vulnerable (in the same way many DEFI projects are). FTX felled because it was criminally managed.

Mentions:#DEFI#FTX

>DEFI hacks and bridge hacks have happened this year and last And a lot of these hacked bridges aren't actually DeFi. Take the Axie Infinity bridge as an example. It is controlled by a few multsig wallets. There is nothing decentralized about these bridges. It is also how hackers got to them. >I’d take a well regulated CEX over the complexity of some DEX right now. Do you think regulators are supermen? I got news for you. Most of them are dumb as fuck and don't understand much. It is why they like banks because they want banks to do the job for them. It is also why SEC cozied up with SBF. They thought SBF would do the regulation work for them and make their life easy. If regulators were smart, the 2008 Financial Crisis wouldn't have happened. It is actually much easier to audit code on DeFi than to close all the loopholes in regulation. It is absolutely asinine to think a "well-regulated" CEX is better than solid code. Any "well-regulated" CEX eventually still uses code and involves an additional human conflict of interest.

Mentions:#DEFI#CEX#DEX

I get your point but how many DEFI hacks and bridge hacks have happened this year and last, I’d take a well regulated CEX over the complexity of some DEX right now. I’m sure they will be improved.

Mentions:#DEFI#CEX#DEX

Right now SEC can only step in if there is a security-like token issued in US. Exchanges don't do that and keep the SEC away. People advocating for more regulation essentially want: 1) Stablecoins regulation, they have to backed by liquid assets, and have to audited. The like of Luna shouldn't have existed. And USDT to me looks somehow risky. 2) Exchanges need to be regularly audited. Their balance sheet should be public and verifiable. There must be incompatibility between running/owning an exchange and running/owning an investment firm like SBF did. 3) Earning platform that cater to retail shouldn't be allowed to take disproportionate risks. They can invest in DEFI, they can lend collateralized, but shouldn't be allowed to overleverage or lend uncolateralized or play the casino like Celsius did.

Mentions:#USDT#DEFI

Honestly, we only need regulated tethers. As long as there is straight 1:1 backing, then fiat can enter the crypto ecosystem. As for exchanges, a DEX serves all the needs. The role of CEX as fiat on ramp, fiat off ramp, and fiat/crypto market is the problem. I just wish bitcoin would get a good smart contract system off the ground; stacks/counterparty seemed stalled like many before (Mastercoin.. RIP my BTC). Say what though want about the early tokenomics and therefore centrality of Ethereum, the ecosystem works and spawned many competent DEFI & DEX solutions and interesting low gas layer 2a like polygon. I am watching the multi chain systems. That can really help bring bitcoin liquidity into the mainstream without a single point of failure like many wrapped Bitcoins have. Also excited for the release of wrapped Dogecoin from bitgo in the coming days/weeks. Despite its meme status, I think Dogecoin brings a lot of energy and enthusiasm to the retail crypto space and the more people understand multi chain dynamics the more we will see crypto outperforming traditional finance in providing economic solutions for world in desperate need of a makeover.

DEFI also failed us this year. How many DEFI projects are MIA or were victims of hacks which drained billions?

Mentions:#DEFI#MIA

Excellent point you bring up. Lets keep our eyes on the DEFI prize and not worry about these ass-clown exchanges doing their shady shit. Survival of the fittest begins. The exchanges still standing after this red wedding are legit and have won our confidence and business.

Mentions:#DEFI

#Nano Con-Arguments Below is an argument written by pashtun92 which won 1st place in the Nano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # A bearish case for Nano: a discussion about bitcoin's scalability and a comparison of Nano with other altcoins. > > Disclaimer: This argument has been used by myself in the last round. I have updated some of the arguments. > > Update: today nano has fallen out of top 200 coin! > > The arguments I have seen in this subreddit are always the same boring arguments: It is fast, free and compared with bitcoin it takes less energy. Nano proponants have entire graphs of electricity use and metaphors to "strenghten" their case. What they forget to mention is that it is exactly this high electricity cost which provides the security of bitcoin. I dare say that bitcoin is the most secured blockchain in the world. Aside from perhaps ethereum, I don't think there is any crypto which has transaction volumes of over billions of USD's. For good reason, mind you. > > Now let's dive deeper into the arguments provided by nano proponants. What I always find interesting, is that nano proponants always claim that bitcoin "is not scalable", knowing full well that this is not the truth. By now, anyone in the space knows of the L2 solution for bitcoin, the lightning network, which does exactly the same as nano does: giving instant and practically free transactions. > > However, when you mention this to a nano proponant, they always come back with the same boring argument: "Ya but there is only 7 TPS in the main chain layer, therefore, L2 is not scalable, as you would need on-chain transactions to open and close LN channels". This is false, I dare say even FUD, as we have something called the lightning channel factories which can scale LN to support the entire world. They are not yet in use, as LN has not reached it's capacity yet. > > The nano proponant proceeds with more FUD: "Ya but LN has many security issues, there is the famous flood & loot attack, you should google it". What the nano proponant either don't know, or as I would expect from them, consciously omit is that we already have a sort of "firewall" for this attack and this problem has been fixed. I suspect consciously because they always claim bitcoin is not scalable when this is obviously false and they know that too. > > So the conclusion we can draw from here is that nano holds no competitive advantage over bitcoin. In contrast, bitcoin DOES hold competitive advantages over nano. For one, the micropayments possible with LN (e.g. paying equivalanet of 0.001 dollar) opens the way to revolutionazing finance and how companies operate. For example, right now all podcast makers have to find "sponsers" to earn money with the podcast. But now it is possible to listen to podcasts through LN, making 0.001 dollar payment per minute, which is nothing for the listener, but can amount to a significant sum for the podcast creator. You could also do something like 'pay for what you watch' as opposed to having a subscription of 10 dollar/month even if you don't use it. > > Aside from this, there are also many other things you can do with LN which I will only briefly touch but link to here: > > It is possible to send messages (app like or email) through LN, completely private and encrypted > > Use atomic multipad payments (AMP) to send FILES through nodes in LN (e.g. an audio file) > > Call someone without anyone ever knowing through LN and even send money over if you wish so > > Decentralised finance (lending & borrowing bitcoin specifically) > > Earn satoshi's through playing games > > We also have important updates coming to the bitcoin network such as Schorr Signatures, RGB and possibly Eltoo. This would make the use of smart contracts very easy on bitcoin and pave the way for DEFI similar to the scale of ETH and others. > > What I find interesting about nano proponant is that they never, NEVER compare nano to other altcoins in their "bull case for nano". Why is this you may ask? The answer is obvious: anyone would immediatly notice that other altcoins can do what nano can and have much better functionality, use cases and backing. All nano can do is transact value from A to B, free and cheap. Let's take a look at a small list of other coins which can do pretty much the same, but also have the potential of DEFI: > > Ethereum (In DEFI, king of security) > > Solana ( In DEFI king of speed) > > Cardano ( In DEFI king of decentralisation) > > XLM > > IOTA > > ALGO > > Yet the nano proponant will claim that nano is undervalued, when it has no competitive advantage whatsoever. Some of them will claim that it is best used for "day to day transactions". Like outlined above, one could easily use LN for that and much more, making nano obsolete. Or if a person was keen on privacy, he or she would use monero for day to day transactions - which is as we all know the king of privacy. > > Nano proponant have a dream that some day it will overtop bitcoin. However, the truth is much harsher. For one, nano used to be a top 10 coin in 2017. Now it temporarily fell out of top 100 just a few months ago. I speculate that this downward trend will continue and nano will drop out of top 100 by the next bull cycle. In my opinion the only reason nano shillers shill this coin is because of personal greed and not fundamentals or use cases. We are living in 2021 and not 2017. We expect more from a coin than just being cheap and fast. > > Tl;dr: Nano has no competitive advantage or whatsover. It is claimed to be fast and cheap, which is true, however the same applies to L2 LN of bitcoin and many other altcoins. Aside from this, LN and other altcoins provide us with many more fuctionalities and use cases, making nano an obsolete coin of 2017. > > Nano spam attack: Because of its non-existant fees, it makes the network susceptible to a Sybil attack. Not mentioned in my original post, but add security risk to another con of nano network. This is proof to me that nano would never function as a global reserve currency. Link: Nano’s Network Flooded With Spam, Nodes Out of Sync (coindesk.com) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yip/coin_inquiries_round_nano_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Nano) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/yuj5a2/daily_general_discussion_november_14_2022_gmt0/).

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