Ethereum Isn't Fun Anymore

Re:Ethereum Isn't Fun Anymore by svachalek on Monday February 22, 2021 @04:38PM (#26230998)

Check out UniSwap and Aave if you haven't before. If those aren't compelling use cases, tell your friends to stay away.

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Re:Ethereum Isn't Fun Anymore by ketamine__ on Sunday February 28, 2021 @01:26PM (#26295684)

It's sort of a chain letter. You already have to be in the game pretty deep to think these are revolutionary.

I will offer some criticisms:

Aave - Earning interest on a speculative asset with counter party risk seems a bit silly. Most of the risk is bundled in the asset itself. If you invested $1,000 in a token as a small percentage of your retirement portfolio you're probably hoping the return is 20x. In this incredibly logical scenario 2% is meaningless.

Uniswap - It's cool if you trade tokens because it skips the extra step of sending the asset to a centralized exchange, trading it, and withdrawing it. The centralized scenario might actually be cheaper. Either way it's only impressive if trading tokens is impressive. And at this point it's not.

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Re:Ethereum Isn't Fun Anymore by csa on Monday February 22, 2021 @07:10PM (#26232343)

I showed them to two of my non-tech friends.

They both said some variation of “why would I want to use that?”

The product of crypto does a crappy job of selling itself.

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