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defi is not a ponzi wtf, it's a decentralized way for you to make money. you prefer to put your $ in the bank for a 1% annual yield ? RWA, lending, AI agents, stablecoins, payments, gaming, DESCI... bro these are uses for crypto. stop talking about what you don't know
I'm going back and forth between maximalism and diversification. From a pure financial perspectives, concentration as you are building wealth is key, then you diversify into less risky asset in order to preserve your wealth. For other cryptos, I'm not sure. I believe for many of them it's way too early. I keep an open mind to the possibilities of diversification or the innovative developments happening in the broader Web 3.0 and blockchain space. I’m still keenly interested in the advancements that other cryptocurrencies and blockchain projects are making, especially in areas like DeFi (Decentralized Finance), DESCI (Decentralized Science), and decentralized identity management. These are important areas that could change how the internet functions, how we manage financial systems, and how we approach scientific collaboration and research. I've recently read Balaji Srinivasan book :"The Network State" which I found to be highly disruptive. But investment-wise, from a pure financial standpoint, despite the exciting potential of these technologies, I’m cautious. There are a lot of projects that are still in their infancy, and many will fail or evolve into something completely different. This level of uncertainty makes me hesitant to put significant resources into anything other than Bitcoin for now. I see a lot of these projects as high-risk investments, with some of them likely to experience volatility and eventually fall short of their promises.
Thank you for the award. But my money in crypto is for investments aimed at good returns. I just feel DESCI isn’t going to be as good of an investment compared to other categories like DeFi, AI, BTC etc. I wouldn't mind donating to charity, but from a profit perspective, Desci might not be the first choice. Or maybe I just haven't seen any that really stand out in terms of returns.