RE: The Grind For Decentralization
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Not a single crypto network in history has started out decentralized. Even Bitcoin's first million coins were premined by Satoshi Nakamoto.
Hmmmmmm... some thoughts right here
In this regard Hive seems to be even more decentralized than Bitcoin... which is a weird thing to say,
This makes sense but I dont really think it's a weird thing to say except if the success of a crypto is based on how decentralized a token is.
This is not the case for every other crypto I know of, most of all Bitcoin.
This sounds scary
People have to buy it on a centralized exchange... how ironic. Isn't that weird?
Well, thinking of it now, it sounds weird.
These EVM chains masquerading as layer two are a bit ridiculous
This is one reason why I decided to back out of defi. I feel it is too new to thread on and will come with a lo of losses in the starting time .
Well, a lot has been said but there are a few things I can point to
- Defi is so new and only thread at your own peril.
- Find waus to diversify your income or else you might just be playing with a scam platform.
In all, do proper risk management with your funds. This post just shows how much you understand the cryptosphere
When someone worries that some up-and-coming social media WEB3 crypto is going to pop out of nowhere and surpass us? Yeah, ridiculous. It's not possible.
It doesn't feel possible except ofcourse hive stops developing but that is so unlikely.
Guess what. Everybody will pay their fair share of “tuition” in getting how DeFi works, whether now or in the future when it is no longer “too new”.
Your breakfast dey wait you. 🥗🍲🍜
I have been served enough sir except you are wishing me more.
The defi space is mad.. Too mad for my personality
Lol no o, you’re no longer a newbie then, tuition is for newbies.
Yeah it’s mad, very mad, very mad lol. But normal is boring 😂
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But the big boys say making it is also boring cos doing something consistently for the long term is boring.
I don wash hand from una defi.
The one wey I still get go remain for there..