DEFI

JustStopppingBye

Ripple has never worked with Swift and will never work with Swift. David Schwartz even admitted that “banks will never be ripples success story” because banks don’t want to work with Ripple. They only did it for public attention. His words not mine. https://x.com/JoeShmoe_x/status/1864895092676235503 https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems The idea of a “bridge currency” that you see every xrpie parroting, fizzled out with the emergence of DEFI and stable coins. This is why Ripple pivoted to a L1 smart contract platform and why they created a stablecoin BECAUSE BANKS DONT NEED A BRIDGE CURRENCY. Chainlink won. Ripple will eventually adopt chainlink oracles if they ever want to touch any bank associated with Swift. https://blog.chain.link/chainlink-banking-capital-markets-announcements/

MrFrosty888

ADA, XRP, HBAR. Some of the other dinosaur top 50 coins (especially DEFI eg AAVE). OP, SAND, and others. Please note the FED may control the short term market, and traders have to follow the big institutions, but US debt aside, the larger  macro picture for 2025, is risk on. Apart from 2021 stimulus, it will be 8 years since the last alt season. Everyone now should be fortunate to have that recent history to go by.

grwatplay9000

I've had a BlockChain account for several years, just linking to my DEFI BTC wallet. When I attempt to get "verified" to have full account access, the verification process is inaccessible on the web and in the Android app, so there is no way to get verified. I get the std email saying my verification failed because (std list of 8 reasons, none of which apply BECAUSE I CANNOT START THE VERIFICATION PROCESS!). I've been in software development for almost 30 years. What I see is people who have no business or finance expertise developing finance applications because there's an opportunity to make lots of money and it requires no customer support. If their app fails (and takes peoples' money along with them, they just start a new app and keep running ... The internet is the prime example of what people will do with no laws, no restrictions, no boundaries. They will find out what they can get away with and that is what they will do, the land of No Consequences ... I wish there was an internet Karma machine, I would contribute to that gladly!

grwatplay9000

I used Strike for about 3 months, making purchases with a debit card and sending to friends or sending to my DEFI BTC wallet. Everything was fine until last week. I've been stuck at a Max BTC Purchase of $75 for more than a week now. I have not hit the 7500/month limit, not even 60% of that, and it just sits there at $75 max purchase. I've submitted a support ticket several days ago, not one peep out of them. I thought they were great until all of a sudden, I'm limited and there's no documentation on why. I am also not hitting a 500/day limit, even though I've bought as much as $4500 in a single day before. Always debit card purchases. Seems like it would be very simple, either the card transaction is approved or it is not. This limit I'm encountering is from Strike, not my debit card provider. I trust there are some Reddit Geniuses (Geni?) who can explain what is happening or direct me how to get some actual support. Thanks, folks!

thiseisafakeaccount

When do you think the altcoiners will realize the alt coin season isn't coming? 1. We have many ways to leverage Bitcoin, altcoin leverage isn't needed. 2. The pool of retail get-rich-quick kiddies have all mostly bought in already. At these market caps, institutional money is necessary to move the price, and they aren't buying your alt. 3. Bitcoin has its own DEFI networks, and many more are coming next year. 4. Bitcoin has low fee transactions on L2s.

ArcadeAndrew115

I mean exchanges like Coinbase and Robinhood already gave you 1099s if you made more than 600$ in a year. How is this different (for those exchanges?) I guess this sucks if you used DEFI exchanges that wouldn’t 1099 you.. but

Ghostserpent

Why buy ETH when you can just do DEFI and smart contracts on Bitcoin with STX

Fantastic_Field_2030

you will be able to do it natively in Cardano blockchain in DEFI, there's bitcoinOS and Charles Hoskinson is planning to do a more pure solution, so you will be in control of your coins with a hardware wallet and will be able to lend it through there, search for it on X

Big-Finding2976

It really isn't impractical to track DEX swaps and staking transactions. There are plenty of services like Koinly that can do it all for you, if you enter your wallet addresses. I'm not saying I'm happy about the current tax rules and hopefully they can be made less complicated in time, as I don't think every transaction should be treated as a taxable event, but crypto and DEFI is very different to buying and selling shares, so it needs a specific set of rules, otherwise people will just make loads of money and avoid paying any tax on their gains by never selling it for fiat and just trading crypto for crypto and borrowing against it, or swapping it for RWA tokens.

icestronaut

How are we supposed to pay taxes in DEFI. The only way i see is the amount you put into crypto and the amount you take out back to you bank account.

ramblo

If you guys want a company that into alts , its DEFI/DEFTF.

Equal_Big_6821

Technologically potent? How manymegabytes you got? Is there anything better out there on the same chain. That you know, industry could use. There is. I don’t own any personally, but I tell you this, Shiba Inu did well for me. Doing a great job creating PENT UP DEMAND over the last couple years with their website being blurry over the Asset that you can clearly see says #TREAT Well, I hate to burst your bubble, but there’s a shrinking supply by the hour. They went for the fulcrum this time with supply and demand. Elon has already done the work. He did it last time. If you don’t know how to buy Ethereum products, ask a buddy and head on over to Shiba swap. I’m listing the #SHI pair here, but there are many many pairs and you should take a look at everyone of them. Listen to nobody except your gut this is DEFI. https://www.dextools.io/app/en/ether/pair-explorer/0x6142e7f16376f213185d839823c6379c2dc73bdd

Pablito-010

You're right ETH is the silver of Crypto. L1 too expensive L2 is clunky. BTC for store of value and SOL for playing around in DEFI.

Worth_Tip_7894

Fair enough. Pops is fiscally conservative. Pops just needs to be able to pay and receive money, take out and repay the odd loan. Cryptocurrency is absolutely fine for this and will be incredibly easy to use for ordinary people. People losing money on FOMO memecoins or complex DEFI farming, running transactions over multiple blockchains just isn't what your old Pops is interested in. People who can't manage their affairs today, won't be able to manage their affairs tomorrow either, nothing to do with underlying technology.

Tvmouth

Learning HOW it all works is more important. Learning how to find and read a smart contract, now to trigger contract calls without access to a web3 GUI, staking, mining, DEFI liquidity and Dex access are more important than learning how to trade. It's just like driving a car: Learn to drive, learn to check oil, learn to inflate tires and choose fuel, all of that is WAY more important than how much you spent on a car. Asking a car salesman how to replace a head-gasket... doesn't get you very useful information (*typically*). Trading courses are like putting stickers on a car to make it look faster, but professional drivers know HOW to dismantle and rebuild and tune their machines. Learning happens, but do you need the merit badge to prove you learned? ***Even Gensler has no idea... come on.***

NFT_fud

That iis too many to follow, I would cut the list in half. Also Cardano (ADA)is just not moving, lots of talk, papers written (I guess, not checking anymore) but no real adoption or changes that greatly affect its proposition. I was in a few years ago and it was just lackluster , I got out and kept my eye on it for quite some time. I would jump back in if it started serious moves but it still seems like they are cutting bait, I stopped paying attention to them about a year ago. There are still die hard investors who keep blasting the Cardano horn but you need to form your own opinion and prove me wrong. ICP sounds like a great concept but no one, no devs are adopting it. Maybe things have changed I dont follow it any longer but its just not a great project, You need to research ICP USDC is a stablecoin, its good to hold incase you want to buy something but you do know it doesnt go up or down, its pegged to the US dollar. You could invest in a DEFI pool like AAVE that pays you interest on your USDC while you sit on it. Its not locked in so if you need it you could pull it out, The interest is OK but its very stable. Also if you cut down on the number of tokens you invest in, you can increase what you put in each one, or better yet you can distribute your allocation to manage your risk. There are ratios people use but the idea is that you weight it so you have more allocation to your blue chip tokens like BTC and ETH

Strange_Piano9190

lol... do your research. sol is harboring a industry that is not regulated and people are not doxxed and they steal your money. compared to XRP that has been fighting for years for regulaTION and order to stop these scammers and also xrp allows to transfer money the best way and with flare adding smart contracts to xrp to make it even safer adds value and then XRP ETF would be pegged to the dollar which will allow retail to swoop in. ANYTHING is this world is there to SERVE and change will always gain over those companies that are just used to gain money. companies and individuals will use BTC AND XRP has an asset to loan against to invest into realestate. its connects the virtual world to the physical world. so anything to do with making blockchain safer and easy to use and block chain to work faster and hold more data and companies that are into DEFI CLOUD nodes/AI GPU is going to help the exsisting finicial systems run a lot more efficient. XRP/HEDERA/LMWR/BTC/XLM/. XRP has been in the pressure zone for over 5 years and still holds at 40-50cents, when the bear market it... everything fell into nothing except for XRP BTC XLM ......

jomegared

These are not small caps, more small to micro, but team has been building for 10 months and literally about to launch everything. Check out on X a group called CoinRockCap. They're an incubator for crypto projects with a DOXXED team. I love knowing who I'm investing with so that was a big green check for me. They launched $CYG Cyclix Games last month and are gearing up to compete with Rollbit. Highly undervalued right now in my opinion. Then in January they're launching Vault Finance. A DEFI protocol to buy - stake - earn coins. Lots of those projects have been tried before but these guys are operating from anger honestly. They all got rugged in SYNC and decided they could build it better themselves. The presale is over and raised $1.2mil but all organic raise, no bots. So I am verify excited to try and snipe that project on launch. Their third project is called jeetbot\_ai. Looks those guys up and what they're doing. They're small / micro cap projects that I think would do really well! The $CYG token went from $.23 to like $1.78 in 3 weeks and is now down to like $1.25. It is sitting lower at the moment because the new casino games haven't launched so I'm hopeful for a big upside when they start marketing. Just some thoughts (and my bias since of course I'm going to invest in these, already in CYG!!)

Evening_Cut4422

DEFI, but i wouldnt do that 1 mistake and u lose ur coin and is left without a car. If u think btc is gonna depriciate so u want to get a car when BTC is valueble and pay of said lian slowly just sell the BTC then buy thr car wait for it to dump then rebuy. If u think BTC will appriciate and u want to take a loan on ur BTC, u are just stupid why risk moving ur asset around in the wild west of DEFI then park it in DEFI untill u can afford to pay back the loan. Just buy a cheap car via cash or just use get a bike.

Fluffy-Space-290

New Sec chair = huge for DEFI

Jlc7378

It’s my DEFI play for this cycle.

Charlieboy1986

Honestly, one that I thought looked scammy is looking very enticing now. Dove in and saw some good use cases and game theory. Supper fudded coin, but most crypto has some bad rep, but it's looking solid at this point. I've been in the space about 10 yrs in 2 months. I've seen some stuff, but I definitely have some risky stuff mixed with "safer" plays, and i can say the stuff slightly below the "safer" threshold always played out way better. Anyways, this one's got potential. Comunity is super helpful, and most of all, it seems to be what DEFI should actually be.

Grunblau

XLM hiding in a closet, nervously loading a DEFI gun with smart contracts while ALGO walks the hallway looking for ETH swinging the axe of instant finality…

DifficultyMoney9304

I'm in aave, uniswap, and link for DEFI.

TechTuna1200

DEFI is always a good play. The whole essence of crypto is to cut out the middleman, and unlike many other coins, people are actually using DEFI. Of the non-platforms, it only thing having a use case within the Altcoin space.

sigh_duck

All these Layer 1's are looking to ride BTC now and realise they have to no longer be the 'BTC Killer' but the worthy ally that can scale DEFI for BTC given its lack of capability. Smart play by Nervos.

JustStopppingBye

>All the other solutions for Defi have a lot of vulnerabilities Like what? Real DEFI uses chainlink oracles, which has never been exploited. Theres a reason Swift works with chainlink.

JustStopppingBye

>So if WLFI is using AAVE, they will be lending money using blockchain correct? [https://governance.aave.com/t/temp-check-world-liberty-financial-aave-v3-instance-on-ethereum-mainnet-proposal/19383](https://governance.aave.com/t/temp-check-world-liberty-financial-aave-v3-instance-on-ethereum-mainnet-proposal/19383) This explains what theyre doing but yes. AAVE is a DEFI lending protocol. > Presumably if the lending is profitable, the token holders will vote to distribute profits to the token holders from the lending business? This im not sure, i've never bought a governance token. AAVE is also a gov token too. >Or am I being too optimistic? Perhaps haha.

Grunblau

Is there good DEFI for XML, yet? I just use it as a transfer mechanism and my lazy ass just never sold it.

kiwidevelopment

Sol is literally just a memecoin casino coin. Meanwhile ETH dominates in DEFI and smart contracts

Grunblau

Looking for something to buy on the dip? Coinbase 50 index: **Store of Value** Bitcoin **Smart Contract Platforms** *Layer 0* Polkadot Cosmos *Layer 1* Ethereum Solana Cardano Avalanche Near Injective Hedera Internet Computer Ethereum Classic Algorand VChain EOS Tezos Flow Mina Protocol Oasis Network *Layer 2* Polygon Immutable Stacks Skale Network **Payments** XRP XLM Litecoin Bitcoin Cash Zcash **MEME Coins** Doge Shiba Inu Bonk **DePIN** *Data Management* Chainlink The Graph Helium *Computing Platforms* Render Artificial Super-intelligence Alliance *Interoperability* Quant **DEFI** *Decentralized Exchanges* Uniswap 1Inch Curve *Lending Platforms* Aave Maker Compound *Asset Management* Lido DAO *Derivatives* Synthetix **Media and Entertainment** *Metaverse* Sandbox Decentraland *Social* ApeCoin Chiliz *Content Advertising* Livepeer

Ecstatic_Courage840

Hahaha, keep on dreaming bruh, your chain is only used for memecoins. Come back when your chain is the backbone of EVERY SINGLE DEFI PROJECT IN CRYPTO. Tell me, what is Solana actually used for? And then go look at the front page. Someone has actually made a beautiful post explaining why your shitcoin doesn’t do shit besides grift newbies out of their hard earned profits. Good luck, you’re gonna need it when your chain goes down. Again. And again. And again. Oops, did you forget that a couple of million SOL is gonna be dumped on your face next year?

Numerous_Ruin_4947

And I am wondering why not?! Ethereum has a much bigger influence on DEFI and crypto in general. You can't do much with Bitcoin but buy, sell, or hold. The proof-of-work model with a finite BTC supply and shrinking miner rewards every 4 years will not be sustainable long-term. How will BTC be secured 16-24 years from now when miners will be receiving a fraction of their current BTC payouts? Some say transaction fees will take up the slack. But the premise is that BTC should be held and never sold. Where will all these transactions come from to generate fees? Not from Saylor...

thiseisafakeaccount

Don't listen to all the fear mongers here that will tell you leverage will kill your family. 6.5 or 8% interest are both well below what most of us expect Bitcoin will achieve in the next 12 months. Bitcoin has a great probability of going up more than 8% (97,200). As long as you can survive the very rare chance Bitcoin peaks here, and stays lower for the next 4 years, then I would buy some more Bitcoin! Personally, I have maxed out credit cards and DEFI loans at 25% interest that I love having. But if we did crash from here, my life would be ok also.

01technowichi

Alas. Impermanent loss like that is why only a fraction of my ADA is in DEFI rather than staked. When I'm ultimately satisfied with my ADA gains, I think I'll move ~33% in and to hell with the impermanence I'll take the cashflow.

sigh_duck

Paints a solid picture for Solana's dominance in DEFI

Jaythiest

Self custody is only as safe as YOU are. DEFI is very much a wild lawless land. You have full control and FULL responsibility for your actions. I’m all for self custody but it all depends on your means, goals, and commitment to crypto and security concepts.

NYCDigital

Fine I shill. Not financial advice. My hypothesis is SUI will be the SOL of this cycle. Put some bets on SUI ecosystem. SUI utility DEFI coins like Scallop $SCA and $CETUS. Also $HIPPO for meme exposure.

apmfl

Please study DEFI

Numerous_Ruin_4947

I looked at the ETH/BTC chart and you're right. After September 2022 it started trending down. But that may have also been because bullish sentiment for the entire crypto space declined. FTX collapsed a little over a month after the merge. Then there were the issues with the SEC which helped Bitcoin and hurt DEFI chains like Ethereum. I don't think the switch to POS was solely responsible for the ETH/BTC downtrend.

I_like_robots_3112

I don't know why UNI became the DEFI token of choice there's so many other projects I would have backed instead

R4ID

> “It’s going to go up because it did in the past” not what I said, I said its been above what you are asking about before there was even a functioning product which utilized it by the largest dev. >“Oh, you want real data, well f u” Again I would of gladly highlighted all the sidechain, evm, smart contract, LP,DEFI etc developments that have been deployed or that are in the roadmap for the next 3-6-9 months. Instead you cant seem to ask a basic question and be a reasonable adult. Hence you get replys like this. IDC if you buy it, You're more than welcome to miss out.

Past_Hotel_5987

it is possible it is always aligned with the DEFI. I would like to know the project to study it in order to be aware of the new progress in the ecosystem.

vattenj

Smart contract with instant execution, can ease lots of frictions in commercial, especially in financial market. However the complexity and security of its code makes it very difficult to audit, so the regulatory part would be much difficult to improve In principle, you could just send ETH to a contract and claim part or whole ownership of a house/boat etc... But what if the owner refuse to transfer the physical ownership? Eventually it will involve the law enforcement, and that part is missing in today's DEFI world, so today it only applies to financial operations on chain, like a flash-loan of stable coins

R4ID

Bitcoin is not the most efficient financial network in the world. Bitcoins entire network functions on the basic premise of rewarding whoever can waste the most electricity, that is why it is an environmental concern. If PoW was the ONLY solution to the double spend problem, the above statement would be correct. The problem is that we now have MANY solutions which offer the following - Stronger security - More decentralized - Actually can scale and meet the needs of the world - Have more features (Dex,smart contract, NFT, DEFI, Streaming micro payments etc) - Low user fee All this and more for a tiny fraction of the same energy cost. Originally when I got in (2012) the "magic sauce" was PoW, Now I see PoW for what it really is. A brute force, inelegant, dirty solution to a difficult problem.

RealVoldemort

DEFI of course!! 🙏

goodupvote

Im going for best long term investment in RWA/DEFI/Dapps Currently going in with buk protocol, and their chainwarz is litrally going fire Think longterm and solid projects

Pablito-010

You can hate or love memecoins, but they bring engagement and are an introduction to DEFI and crypto in general :)

jawni

I'm glad people finally realized the actual scammy part about this. Not like this was hidden at all, it says right in the "gold paper": >For these services and rights, World Liberty Financial agrees that DT Marks DEFI LLC will receive 22.5 billion $WLFI tokens and a right to receive 75% of the net protocol revenues as defined in the services agreement after deduction of agreed operating expenses and the initial treasury reserve. The services agreement is terminable by DT Marks DEFI LLC for “cause” under certain conditions and for non-renewal of the initial 5-year term.

Objective_Digit

ETH is down about 40% since the merge. You're the speculator/chump throwing his money away. Bitcoin can and has DEFI also.

acndavid

It is funny bs you just said "What's the point in dca-ing in ETH if it's falling vs your other hold?" (totally just seeing the speculative side) lol I did invest ethereum because I believe in DEFI and I think it has way more utility in general, it looks like the one speculating is you...

ShinobiHanzo

No wonder people use DEFI exchanges.

Django_McFly

> None of Donald J. Trump, any of his family members or any director, officer or employee of the Trump Organization, DT Marks DEFI LLC or any of their respective affiliates is an officer, director, founder, or employee of World Liberty Financial or its affiliates. None of World Liberty Financial, Inc., its affiliates or the World Liberty Financial platform is owned, managed, or operated, by Donald J. Trump, any of his family members, the Trump Organization, DT Marks DEFI LLC or any of their respective directors, officers, employees, affiliates, or principals. This is literally some random, 3rd party made some crypto protocol and then got a celebrity to endorse it. That blurb of text on the site is the only time anyone has ever done *anything* to suggest that this isn't a Trump thing and that he's simply endorsing a product that has nothing to do with himself or his team. I'm leery of anything where the marketing is saying thing x and then the fine print functionally says "yeah the marketing is a lie, please disregard it."

MaximumStudent1839

> People rip loot boxes to get 5 star hot rare boat waifis, Why is that gacha able to pull more revenue than selling right out of cosmetics/character directly from a cash shop? I have played gacha over 10 years and anyone with similar experience in whaling knows the truth. It is the gambling adrenaline rush that gets ppl keep pulling. That is why games like Genshin, Honkai Starrail, Fate Grand Order etc., regularly top earnings and make ppl pay $500+ for one copy of a character. If you put the same character in a cash shop to buy right out for $350, ppl won't do it because they prefer to gamble for it instead. > but there's no reason to pretend that it has value,  The value is the adrenaline rush + the chance to make money. It is crazy how you think slot machines have no value when Vega Casinos make so much money. >  guess the total conviction of the crypto community in a certain meme It is true for most legit crypto projects too. Why bet on another EVM? Why bet on another Uniswap fork? Why bet on another Aave fork? Billions of dollars have poured into doing these things. There is no intrinsic value for another Aave/Uniswap fork on the EVM or even another EVM. You end up doing the same thing. But market still values them because of community conviction in hoping for the new team to "innovate" - 99% fail to do anything meaningful in the end. > You actually did things in DEFI - You still do. The vast majority of DeFi activity in the last cycle was, farm from pool 1 to dump on pool 2. To outsiders, this shit is even more nihilist than memes because it is absolute pvp against low-info noobs who don't understand what is going on and no sense of building community but just maximal value extraction. You can tell from all the KoLers who got rich last cycle from farming DeFi. They are the winners and their modal energy is, "***fuck you I made it, now I get to make the rules, so shut the fuck up, and learn your place in the pecking order***." It is crazy how last cycle whales just want to label any new emergent meta outside their purview/control as "illegitimate". What is more crazy is how they have brainwashed so many plebs to think against their self-interests.

LargeSnorlax

> “Memecoins and NFTs (non-fungible tokens) have no value. Neither do loot boxes, and that business has enough revenue to destroy the second-largest army in Europe every year.” Terrible argument though. Lootboxes feed the gacha machine, meme tokens provide *literally* nothing. People rip loot boxes to get 5 star hot rare boat waifis, people buy PEPEINHAT because it's like pulling the lever on a slot machine, but there's no reason to pretend that it has value, I don't even know why he'd say it. Listen, I get the spin that there is energy in memecoins, community strong or whatever message this is trying to send out, but it's not even an intrinsic value thing. You're playing a shell game where you guess the total conviction of the crypto community in a certain meme - That meme has no value except what the collective delusion says it is. DEFI wasn't "meme" energy. You actually did things in DEFI - You still do. You don't do things with MOODENG or whatever nonsensegarbage is being peddled on any given day, you buy it and sit around hoping it'll go up, and then you reach for the slot lever again.

VIXtrade

>The requirement of an exchange will forever prevent crypto from truly being a decentralized currency. Have you not even tried using a DEX yet? There's quite a few AMM and DEFI platforms now operating as blockchains, which accept major cryptos as assets for depositing liquidity.

retirementdreams

"Just sell some BTC, buy these shitcoins, use that shitcoin alpha to buy back a bigger stack of BTC and retire." "DEFI Passive Income" "Nodes as a service" etc. And.. it's gone.

Lez0fire

Yeah, it was the same situation in 2020, every single alt dropped -80% since ATH during the DEFI summer 2020, everything was dead, pesimism was at ATH... It turns out that's the best moment to buy. June-July-August 2020 = Defi Summer September-October-November 2020 = Bear months for alts, -80% for most Winter-Spring 2024 = AI and Meme Winter May-June-July-August 2024 = Bear months for alts, -80% for most What's the difference?

Frequent_Finance3904

Just buy DEFTF. DEFI.TECH It has bitcoin, eth, alt coins, cripto tradind, staking, etps....

WotTheHellDamnGuy

Very simple, they don't exist and, shocking as it may seem, Google is wrong. My guess is some DEFI firm created a report for Crypto that threw in anyone and everyone who ever gave even just their email address in an information request field on some website as a crypto enthusiast and Google scooped it up as fact.

provoko

It's slowly creeping into traditional financial system and DEFI has so many advantages & higher yield while being transparent; defi just has to solve the hacking problems & needs more insurances.

OderWieOderWatJunge

Also you'll pay a lot of fees. Just find out where to buy these shitcoins on DEFI (swaps). You can buy USDT, SOL or whatever on a real Exchange with lower spread and fees and then swap it for your shitcoin

AvatarOfMomus

"The Crypto Community" has a vested interest in never calling Tether out, even if they got caught under-reporting reserves (again) or committing outright fraud. Tether is one of the few USD on or off ramps for Crypto, it's one of the principle methods rich Chinese citizens are using for evading currency controls, and it underpins a huge amount of the buying and selling of tokens through both exchanges and DEFI like Uniswap. Basically if Tether goes under it takes the price of every Crypto token with it, so regardless of how shady they act or what they do, the entire market has a vested interest in not calling them out or even really talking about it. You can see this in the lack of discussion around everything you're mentioning here, as well as every report of them freezing tokens or working with the government, which between the two should have the vast majority of the Crypto community calling for their blood... and yet, crickets...

ThatChrisGuy7

Why would he sell AAVE right when they announced a partnership with Eric Trumps DEFI thing lol. Love or hate him or means volume

DrPechanko

I don't know about panicking, I just think things got REAL boring REAL quick. Metaverse seems dead as a doornail; blockchain based initiatives (election voting on chain, food supply chains, medical records) all great ideas, but not being implemented; NFTS, we don't even need to get started on that failure; crypto as a payment system, CEX's still rule, selling your crypto for cash is what people are doing (even if they use crypto based debit cards); DEFI has been a mess of scams and rugpulls; meme mania has turned social media into a shill factory and gambling den. What is left? Wait for BTC to go up and pull ALTCOINS and their respective ecosystems up so we can get the F out of this mess, right. Praying for a 3X on Cardano? Crypto is not a long term game (long term is 10 years), crypto is a follow the hype train on cycles, get the F out, realize profit, buy back in, rinse and repeat game. Anyone who held Polkadot for the long game realized this the hard way, how about COSMOS, XRP anyone? You can either make money, or hold paper gains up and down like a moron watching your portfolio erase and print. Long-term investments are ETFS....."boring" stocks, surefire companies that will be around forever. Not space coins. Suffer through the boredom, and get out when BTC goes and the market follows....rinse and repeat. Don't hold long term staring at the portfolio on your phone doing nothing. RUN, then come back when it's cheap, then RUN again.

Otherwise-Trifle892

I wouldn't do that until bigger institutions let you use bitcoin as collateral. The DEFI companies around at the moment I wouldn't trust.

Frequent_Finance3904

Its also about introducing the blockchain technology to the financial markets, people trust less and less the tradicional markets due to market manipulation, naked shorting, etc. If the shares of a company are on the blockchain, and all transactions are registered there, then you would not be able to short a stock above 100% of the float... so, apart from points mentioned above, the stock market in general, commodities markets, even real estate would work better in the blockchain... So, again, that is why DEFI seems like a good investment, in my view at least.

kickboxingpenguin

I see what you’re saying! I can make an argument most easily with a libertarian hat, but there are arguments as a conservative or liberal. As a conservative, you have a constitutional right to life, liberty, and property. As a liberal, crypto democratizes assets, takes money out of the hands of “big corporations”, and facilitates services to the disadvantaged and the bankless. As a socialist / communist, you are looking at who owns the “means of production,” in this case Bitcoin and DEFI transfer the role of Big Banks to the people. It maybe a stretch for communists although you can argue Bitcoin promotes governance transparency.

kickboxingpenguin

Huh? Why are you on a Bitcoin sub? Please spend more time DYOR about this space and DEFI. Maybe you just like to going back and forth with a CEX like Coinbase for being locked out of your account per your latest post 💩

Whiskeywonder

Is it my problem you focused on talking about something u didnt do any research on? If you did then you would know how it trustlessly with cryptography exchanges the wallet ownership AND access as the funds enter you wallet. Its called DEFI. Clue is in the D. Dyor. And welcome again.

rsa121717

Not sure of what youre asking. Anyone can reinvent the whole system, the question is who would use it? The number of miners impacts centralization of the network, not the amount of bitcoin held by someone. It seems like youre mistaking mining with with most DEFI/DAO governance shitcoins

Capital-Physics4042

You could probably buy from Kucoin. Or use DEFI if you know what your doing and use Rosen Bridge to swap from some coin to ERGO. DYOR, and good luck!

SmoothGoing

https://mempool.space/tx/bec84ce07490a2d6caca45d21dc190374a4148f1ba6e621c43da55ed5c9d4461 this confirmed last september. CB should have credited you for it then. Move to a better wallet immediately. Forgot blockchain.com forever. There's no such thing as DEFI wallet. It's not De since it's with one company, and it's not Fi since it's various tokens, not money.

Gloomy_Fee9829

Believe me, it is also my favorite wallet, the problem is with SWAPs that take you to unknown sites and then force you to accept third-party terms and conditions to wash their hands, imagine leaving a DEFI and ending up in a SWAP requesting KYC and all your personal information to keep your money. If I wanted to go to a centralized exchange, I would look for more reliable sites or at least those that would let me see who I will do the exchange with.

welltoobad

also if swapping is on DEFI, the gas fee is a capital gain/loss for taxes, it's a pain

jawni

yeah, and I held BONK as well that destroyed both of them so we can go down that pointless road if you want but I'd rather not waste my time. The point is that the *risk*/reward for SOL, with memecoin activity, nft activity, RWA, DEFI, payment parternships, etc) doing an 8x is far better than a chain with 0 adoption doing a 19x. Listen, it's great that Kaspa did a 19x but it needs to do a 19x in finding PMF and a 19x in improving it's tech.

instant_king

I wrote under .3%. Most BTC ETFs are under 0.3% this is correct. A few are above, but that's your own choice I guess. * **ARK 21Shares Bitcoin ETF (ARKB)** * Expense Ratio: 0.21% * Fee Waiver: No fees for the first 6 months or first $1 billion of inflows * **Bitwise Bitcoin ETF (BITB)** * Expense Ratio: 0.20% * Fee Waiver: No fees for the first 6 months or first $5 billion of inflows * **Blackrock iShares Bitcoin Trust (IBIT)** * Expense Ratio: 0.25% * Fee Waiver: 0.12% for the first 6 months or first $5 billion of inflows * **Franklin Bitcoin ETF (EZBC)** * Expense Ratio: 0.19% * Fee Waiver: No fees for the first $10 billion of inflows * **Fidelity Wise Origin Bitcoin Trust (FBTC)** * Expense Ratio: 0.39% * **Grayscale Bitcoin Trust (GBTC)** * Expense Ratio: 1.50% * **Hashdex Bitcoin ETF (DEFI)** * Expense Ratio: 0.90% * **Invesco Galaxy Bitcoin ETF (BTCO)** * Expense Ratio: 0.39% * Fee Waiver: No fees for the first 6 months or first $5 billion of inflows * **VanEck Bitcoin Trust (HODL)** * Expense Ratio: 0.21% * **Valkyrie Bitcoin Fund (BRRR)** * Expense Ratio: 0.49% * **WisdomTree Bitcoin Fund (BTCW)** * Expense Ratio: 0.30%

MiguelLancaster

0.19% - 0.25% in all cases but DEFI at 0.90% and GBTC at 1.5%

MiguelLancaster

0.19% - 0.25% in all cases but DEFI at 0.90% and GBTC at 1.5%

uncapchad

I know in the UK one of the ideas being mulled is not CBDCs but a limited set of stables permitted, issued by Treasury and I think will eventually be the case where you can only on/off-ramp via these govt approved stables. They already have pretty much slammed the door on non-KYC via the banks and card services who may only use govt approved payment processors. Some DEFI services geo-block the UK. And as you mentioned, sending non-KYC coins on exchanges can trigger AML checks and other pain. So I'm pretty sure this "other" market already exists. Probably this is how people in forbidden and restricted countries already manage. Also laws are changing or being expanded to keep and extend the remit of surveillance. We just saw another article about dossiers of assets. These things all seem benign to begin with - for your and everyone's protection they say - but it does really feel like we're less in control of our lives and personal/private information. And then punishments are also becoming more insane. So yes, I think this market already exists, I think many would be interested to be part of it but equally many would and should be very afraid that they end up being charged under some terror or other national security laws.

uncapchad

India tried various levels of Forbidding - incl blocking ISPs. There are always ways, especially with DEFI. Eventually they decided a massive tax was the better solution. So they pay a transaction tax at source and then a flat 30% and you can't off-set losses against gains. Nodes and miners will just get up and move somewhere else if things got that wild. They've done it countless times before. I think every govt has learnt by now, that it's better for all to have a safe, regulated market than forbidding things. Except for China - but I'm pretty sure there are Chinese who still find a way.

uncapchad

it's where you got them from. If you bought them on an exchange, they will more than likely be KYC as pretty much every exchange has to KYC these days. If you used DEFI, P2P services, played games incl casinos where you were paid in coins, more than likely not KYC. The problem with all of this is you can also be guilty by association. Example you get some coins from an address which is on a watch-list or that address uses mixers or casinos etc. Hence AML trigger, hence the investigation to see who is up to no good.