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.
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.