Solana Labs completes a $314M private token sale led by Andreessen Horowitz

Re:Solana Labs completes a $314M private token sale led by A... by ineptech on Tuesday June 15, 2021 @12:38PM (#27517891)

> interoperability between many projects and their tokens, data, stablecoins, etc

that's pretty much what I meant by

> crypto enthusiasts finding exotic new ways to gamble with each other

Interoprability between cryptos is all DeFi can do. What's the other use case? If I said, "I was going to do X, but thanks to the power of DeFi it makes sense to pay the fees and absorb the volatility risk to do it on a blockchain", what's X?

[ Parent | on HN ]

Re:Solana Labs completes a $314M private token sale led by A... by baby on Tuesday June 15, 2021 @11:08PM (#27524455)

I’m not sure I get your point. It’s like you’re talking about this new exotic crypto thing when all crypto is is a new way of transfering value. If you see the different crypto projects as different currencies then you realize that this is really simply about transfers between currencies that don’t have to go through dozens of middle men. You might live in a bubble but remittances is a huge thing in the world you live in.

[ Parent | on HN ]

Re:Solana Labs completes a $314M private token sale led by A... by ineptech on Saturday June 19, 2021 @12:17AM (#27557707)

It seems like we're saying the same thing. I complained that all defi can do is trade cryptocurrencies, and you said ah, but it can also trade cryptocurrencies.

I don't know what kind of remittances you think I'm in a bubble for being unaware of. The best way to explain would be to actually answer my question: what's the non-crypto use case that can be solved better with defi than without it?

[ Parent | on HN ]