Since the summer of 2020, DeFi has exploded. It has become a multi-million dollar industry. Who gets richer the most? The users? A little and a lot lose. Project developers? Yes, clearly. The influencers? Yes a lot.
For a moment, we need to be clear and tell each other things frankly.
Are users really interested in blockchain technology? Do they want to support progress and science?
Or do they enter to make money? No matter the way, what they want is only earn money?
Looking at the high APY rates, the scams of all kinds, the hacks, the bogus NFTs, the naming of degenerate, etc. We can frankly ask ourselves the question of knowing the intentions of users... Who are the people who are interested in crypto today?
What drives them, huh?
It seems that only the money is the carrot... Besides, we have used the image of the monkey a lot but on zonebitcoin, we rather like the image of donkeys and the carrot... We are even surprised to never hear this parallel elsewhere that at home... Anyway, let's get back to our monkeys.
Actually, no, everything is not black and white as always.
There are both actually. Afterwards in terms of percentage, we couldn't really know. We just have the impression that the more we advance, the more greedy and crooked people enter...
Certainly.
However, let's ask the question differently: What if these degenerates of the worst kind would not ultimately be beneficial for DeFi?
The benefits of greedy people on DeFi
Greed is good for Defi, we want to paraphrase Gordon Gekko in the movie "Wall Street: Money Never Sleeps". Why? Because the more people there are, the more money DeFi makes. The more money there is, the more it has the "means" to improve, to put it in short. The more it will be primed for mass adoption, too.
Perhaps if there wasn't so much incentive, the industry wouldn't be as developed. Yes, we must recognize it.
Perhaps it would also be more efficient because it focuses on technology rather than financial incentives? That too is very likely.
We do not know. No one knows.
Seriously.
We can also say that the market was bullish since the explosion of DeFi and yield farming... This could have strongly influenced the situation...
In 2020-2021, it was very easy to make money….Really very easy. Too much even. This was how we saw farmers getting excited about protocols with high yields and ever more insane APYs on protocols that were ever more empty and depleted…
Finally, Perlinpinpin powder. Good stuff, huh.
The results were good.
This gave wings to a lot of people in the end.
Newcomers even believed that it was easy to make money and that it would last forever. Some put everything into cryptos and became the new apostles convincing other novices to invest in a burst of joy and concern. Some gave themselves new professional vocations. Some filled their pockets and called themselves "experts" when they knew nothing about blockchain except for the basics picked up here and there in a blog article...
Others saw it as the perfect way to earn money without doing anything. They believed they had found the paradise of future millionaires. Some influencers have even completely changed the subject of their YouTube channels and made tutorials to explain to us how they buy PNGs for more than 400,000 euros... So proud they are! They feel like they are a pioneer where the gold rush started for over 10 years now….
Still others have given themselves substance by inventing a job for themselves "I'm a crypto farmer, and that's how I earn my living" they say when they introduce themselves in the street... In short, a real mishmash of assholes and bitches thirsty for dirty money. They should play casino, they have the mentality for that.
…The mirage of the insolent.
The sweet hopes...How beautiful this time of grace was.
It couldn't last much longer...
Developers of good projects complained more and more about these newcomers who only seek returns, cryptographic researchers too... In the end, only venture capitalists were able to rejoice in such inflows of money...
So, of course, the markets will start to rise again. But, for the moment, it gives us the opportunity to take stock….
Maybe now we will refocus on technology. We have neglected this aspect in favor of protocols copied and pasted from one to the other, without them providing any use... Perhaps the degenerate monkeys, greedy farmers and other casino players will finally understand that there is something much more beautiful in crypto than the returns...Even if -once again- you can earn money and support great projects at the same time...And that is precisely what makes this discipline fascinating.
This is just our opinion…
If you want to share yours, don't hesitate, the comment area is made for that.
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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