defiamazing

6 ms·

1.
by defiamazing 2y ago
Agreed. Check out /r/keto and /r/zerocarb for some great research about the natural human diet. Humans have eaten beef (exclusively even) for billions of years.
2.
by defiamazing 2y ago
I don’t get why they don’t just use Bitcoin or Ethereum.
3.
by defiamazing 2y ago
Let me know if you want to hang out sometime
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by defiamazing 2y ago
Idk what to tell you. Profit model that can’t work without a speculative DeFi bubble, which will die eventually because it’s not useful. AML is good and there’s a lot of history there. I don’t care much about the libertarian stuff.
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by defiamazing 2y ago
AML is good, no I don’t. My turn to ask the questions. Is there literally any scenario where you'd accept that maybe crypto isn't actually useful and maybe it is just a big scam? Think about it hard, otherwise you'll waste
6.
by defiamazing 2y ago
If your application is evading AML then your scale will always be limited. I don’t know how you could possibly feel like that’s a serious pitch. Sounds like, “We’ll just evade the law”. I guess ICOs got away with it for a bit. They want
7.
by defiamazing 2y ago
The difference is that the US would not do that in response to a speculative dump. With ETH, the system stops working and everything breaks without a HF. So it’s valuable because it’s valuable. If the company pivoted to a different busine
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by defiamazing 2y ago
No one would use it because people don't actually want to send money internationally badly enough to create a profit opportunity. They want to interact with DeFi protocols, that's why USDC exists on eth, once the DeFi protocols d
9.
by defiamazing 2y ago
Basically you're arguing for chartalism, it has value because validators say it's the only thing they'll accept. That can change at any time, it's not the same as a company's stock's value being backed by liqu
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by defiamazing 2y ago
Having an economic model doesn't make it not a memecoin. LINK has an economic model and most would agree that there's no reason for it to exist other than to dump on retail. The burn is there in large part to enshrine ETH so tha
11.
by defiamazing 2y ago
Yes, because Circle will either start using whitelists at which point it will shrink to the point where competition is trivial or it'll just shut down completely. If for some reason there's massive demand in the next decade for s
12.
by defiamazing 2y ago
Because there's not enough demand to justify the regulatory headache for most types of international payments, unless you have the added benefit of interacting with DeFi protocols during a massive shitcoin bubble.
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by defiamazing 2y ago
That's because it has regulatory approval (for now). It's not because of a blockchain. You can start the thought experiment by asking why USDC is on Ethereum and other popular chains rather than own private blockchain. People co
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by defiamazing 2y ago
The blockchain's security depends on native token value and the native token is a memecoin with no backing and if there's a speculative dump then the network has no security, so no not quite impossible.
15.
by defiamazing 2y ago
There is absolutely no reason for USDC to be on a blockchain other than to interact with DeFi. Once DeFi hype dies USDC will be outcompeted by a centralized solution. It's multisig controlled anyway so it's the same thing.