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A comment on Helium has revenues of $6.5k/month after $365M investment from A16Z. Parent comment

Re:Helium has revenues of $6.5k/month after $365M investment... by smachiz on Tuesday July 26, 2022 @08:59AM (#32237648)
> A recent IMF admitted that DeFi is 10x efficient than TradFi.I am sure once DeFi get a bit regulated and has better risk management principal embedded into code the system will become more efficient

Do you have the source for this?

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Re:Helium has revenues of $6.5k/month after $365M investment... by peyton on Tuesday July 26, 2022 @10:24AM (#32238682)
https://twitter.com/jackchong_jc/status/1521603629580533763?...

For the efficiency part. To be fair, traditional finance as an industry operates as a super inefficient, regulatory-captured pyramid scheme. Shouldn’t be too hard to beat.

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Re:Helium has revenues of $6.5k/month after $365M investment... by oblio on Tuesday July 26, 2022 @10:54AM (#32239162)
> For the efficiency part. To be fair, traditional finance as an industry operates as a super inefficient, regulatory-captured pyramid scheme. Shouldn’t be too hard to beat.

They're dense. They don't get it at all.

The "super inefficient, regulatory-captured" part is a feature, not a bug. We want transactions to be reasonably slow and checked by a human somewhere along the way. We want a myriad legal protections.

"pyramid scheme", that's rich, coming from cryptocurrency companies.

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Re:Helium has revenues of $6.5k/month after $365M investment... by rnk on Tuesday July 26, 2022 @05:12PM (#32244106)
All the naive investors who keep making investments in crypto will lose their money, like they have on current round of failing crypto 'banks'. It's both the fact that existing finance is hard to access for poor people, and it's got a lot of regulation that can protect them, and it can cost more, and there are still terrible legal investments (payday loans). But it provides way more protection than defi, which provides none.

With all the large firms (crashing daily) that provided impossible ~19% returns still trying to attract new investors, there's just no defense of the 'industry'.

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