/biz/ - Business & Finance

>>21861601
thats a man standing in the desert holding up 3 fingers.

>>21861601
that's a lot of text to tell us next to nothing, anon.

I am assuming you found Digibyte.

ok I made a few thousand bucks but ok

>>21861601
it's AKRO, isnt it?

>>21861628
thats based

>>21861601
i like the idea of looking for tru decentralization so what project did u find?

>>21861601
Can someone explain to me this new "DeFi" thing. Is this just a buzzword. This word seemingly has popped out of thin air in the last month.

Cryptocurrencies are all theoretically defi. As OP mentions if you are able to understand how they really work or can access the holders charts on etherscan, you'll see that nothing is decentralized. *except for hex cough* sorry had to shill.

But seriously is there some new wave of technology known as defi or is it just a new buzz word people are using?

>>21861788
Basically defi applies to altcoins like Orbicular or in general uniswap coins. In centralized exchanges market makers (the people that provide liquidity so that other people can buy and sell with little delay) are centralized, for example in Binance this "pool" of coins is owned and feed by Binance (the company). In decentralized exchanges this "pool" of coins is not owned by the exchange, but by anyone that is willing to provide their own coins to this pool, thaths why we say its decentralized. The incentive for people to put their money into these pools is a fee they receive (for each transaction made you pay a 0.30% that goes to the people that hold their coins on the pool so that traders can buy and sell without delay, with less price slippage etc).
That's the rough idea. There are also new finance related decentralized things, like loaning and some other things that are appearing right now

>>21861916
that's*

>>21861628
standard /biz/inessman
>>21861676
Not true. Almost everyone here(besides chainlink tards) jumping in to defi tokens, but they not jumping in to decentralized finances tokens, they jumping in to centralized finances tokens, CeFi
>>21861709
No. It is not new, it is not even marked as "DeFi" on sites like coinmarketcap or coingecko
>>21861739
69
>>21861740
Go shill your bags on reddit. It has a company behind it, for fuck sake
>>21861770
Do your own research. I'm not here for shilling, but pointing about serious problem.
>>21861788
>>21861916
For me, DeFi, is what you mentioned about uniswap ect, but also a project where is no dedicated team behind it, and so, there is no team funds to dump on potencial investor. Something like community projects?

>>21861916
Ah thanks, that kind of makes sense as the word arose with Uniswap. I would say it's basically just a new adjective for cryptocurrencies as the word is really dependent on each specific coin, and even coins that hail themselves as defi can be woefully centralized (and typically are).

>>21861601
Then read the Statera whitepaper. Completly decentralized and imutable smartcontract. Dev hold less than 1% and its community driven. Best wallet distribution in all of defi.

>>21862055
Shill me and I'll shill mine. Show me yours and I'll show you mine
https://pastebin.com/ZHsPyfac

>>21862119
I was looking in to statera before researching defi, it is shilled on /biz/ so much, that i can puke. It might be good project for some, but it is not for me.
>>21862348
No

>>21861601
FLOW Protocol

>>21862055
got it. you're talking about unipower.

It's Nyzo

>>21862770
>>21862906
>>21862932
stop anons, it is not funny at all

>>21863023
Is it BTC

easy

XRP
Flare/Spark

hey its obviously chainlink!

>>21863023
please shill me your bags brat :(

That's a man you faggots

>>21863067
>>21863078
>>21863090
It's sad how everysingle thread about something serious, needs to be filled with shills of bags by retards who can't make a normal conversation. This fucking board
>>21863117
No
>>21863159
You are late

>>21861788

It's about smart contracts adding a second layer of decentralization, removing crypto middlemen. To date the most popular uses of defi is.

DEXs (decentralized exchanges, uniswap, balancer and curve)
Loans/interest (Aeve, compound)

It is essentially what is known as non-custodial finance, where you get to interact with websites without handing over your crypto keys or performing KYC.

>>21861601
all i want in the world is a harem of plastic materialistic porcelain skinned chink qts to service my jerker daily like pic rel

>>21863201
Stop withholding the name of your coin or shut the fuck up about serious discussion

>>21863201
Please tell me how BTC is not DeFi by your own autistic logic

>>21863345

Because it lacks smart contracts, it's a first generational blockchain. You cannot automate these financial services and thus you have to trust people. Centralized providers of a decentralized currency.

>>21863201
>some serious discussions
dunno what do you think about other ERC standards? Widespread adoption of ERC777 standard in tokens (probably coming from ETH2, if updated network won't be a fucking shitshow) could probably reignite the market a lot, since smart contracts really need that tokensReceived hooks.

>>21863345
I didin't say nothing about it isn't. I was saying that tards like you need to shill thier coins in a thread not created for such thing
>>21863435
I know a token that use ERC-777 standard already, and it is ERC-20 compatible, still no ETH2, so maybe it would spread after update of the network.

>>21861601

>>21863673

>>21863201
>normal conversation
U made a thread about finding the 'one true coin' and then say 'lol not telling.'
Tell me seriously, what the fuck kind of discussion did you think would come from this?

>>21863734
I create a thread about problem with DeFi tags on coins/tokens that are not decentralized at all, and noone bother about it. If you make your own research with these three criteria i provide, you will end up with same thing i come up with. I just don't like to shill something, when thread is not about it

>>21863581
Sadly there is nothing of value for ERC777 yet but test tokens and some "first ever erc777 token" called CALL which is absolute nothingburger

>>21863825
sadly this is how the things are on /biz/
if you try search the archive, you'll see that any serious discussion dies pretty quickly to ten pages of pajeet shilling

>>21863825
You're either investing in a company that the token provides a real world use case that solves problems, or you're investing in useless shitcoins like statera that are 'completely defi with no team behind it, community run' garbage.

>>21863950
I know that. Hopefully, if someone read thread like this, and more people will be aware of that, "the problem" will solve itself.

>>21864047
just tell us please

>>21863996
You also can invest in to community run coin, that does everything like company one, but without it, and everything is done by community, i mean, from dev to marketing.
>>21864072
HAHAHAHA! NO

>>21861601

>>21861601
Is it a DAO OP?

>>21861601
>dubs confirm
op bought stat

>>21864137
I'm sorry fren
>>21864189
No
>>21864221
No