BrissyCoder

Yeah but also the collateral always has to be cryptocurrency right?

Ethereum (and whatever other chains support smart contracts) literally only exist as a platform upon which to build Ponzi schemes.

Sorry but I can't do anything with DeFi. It's just juggling more crypto around. I've had multiple tell me I can get a loan on it but this is just False for any practical reason. I can't say get a loan for a car and use the car itself as collateral like I can do at literally any bank. I have to put up 100% of collateral in crypto. It blows my mind that there are people on this site who are proponents of DeFi in its current form.

I agree but still think there's value in having this kind of content abound on the internet as it gives beginners with zero experiance a good starting point.

> Might as well attach a diesel-fueled generator and a pentium 4 to the back of the desk.

Maybe but it's 5 bucks so who really cares.

Watch this and tell me they're not about to run out of greater fools.

I can't make heads nor tails of this sentence but the rest of your comment seems reasonable.

The population is only 54 million. How could Covid possibly kill 15 million there!?

People love all kinds shit that is objectively bad for them... sugar, heroin, gambling, cryptocurrency.

> Expensive plastic toys have the same flashing lights and sounds.

The cheap adjective was unnecessary.

What also annoyed me when our child was much younger was how many of the toys people bought him were cheap plastic with flashing lights and sounds and how much these reminded me of slot machines.

Also crypto has no utility and should be banned.

Right... so pure speculation then with no underlying utility.

If I go to a bank I can get a loan for a car and use the car I'm purchasing itself as collateral.

And you mean "I can get a loan of X amount of money for X amount of collateral, yes."

What use is that to me!? Total horsesh*%t.

This whole thing is the biggest financial joke of our generation.