|
jscott, all respect man but you are very clearly out of your depth. These arguments sound like something typical of an uninformed bitcoin maxi.
"There is no problem Elephant or Trunk solves": nearly 10,000 investors in Stampede bonds & Futures would disagree with you. People seek predictable, high yield investments, especially when paid with a fully collateralized stable coin like BUSD. This is effectively a global, decentralized community bank built on blockchain.
"And it's centralized by company and supply/distribution": No. The contracts exist on the Binance Smart Chain, the dev could quit right now and pull the website but the contracts would exist for as long as the blockchain does, and investors can directly interact with the smart contracts if needed. The argument could be made that binance itself is centralized, however they've established themselves on servers in over 20 nations last I checked and have been meeting regulatory compliance standards in every one of them. So they don't have the problems that other blockchains have where a majority of the validation activity ends up in just a few countries and as a consequence is under greater legal threat.
"And with 1 quadrillion listed supply I don't seen any point of it existing, aside from generation profits to the creaters": I'm not sure what point you're trying to make here. Whether the supply is 1 and everyone is trading fractions of a token or 1 quadrillion and people are typically trading millions, it's still a limited supply and a simple matter of scaling the math. How you interpret that as some type of indication of profit motive, is also beyond my understanding. No single wallet holds more than 1% of the supply, except for the treasuries which hold a majority of the circulating supply and are designed to not dump on the LP's.
"This is a cash grab. Not hating on them for trying, I'm just stating a fact.": No, that is not a fact, it is an opinion ignorant of fact. You have no facts to support that claim.
"It has a market so price will rise and fall, so sure people can make money on it like anything else.": Something we can agree on.
"But in the long term this company won't make it past a few years. Their website won't even be operable within 5yrs.": Well a typical defi project tends to last somewhere in the range of weeks to months and this investor community has been around for years already, with most investors looking at it as a 3+ year investment horizon from now, so for defi that's about as long term as you're likely to find at the moment.
"I would suggest to anyone interested, approach this as a gamble, like in a casino.": This I would also agree with you on, in regards to any crypto investments. I wouldn't put anything I'm not prepared to lose in any type of crypto.
|