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A comment on FTX to file for U.S. bankruptcy, CEO resigns. Parent comment

Re:FTX to file for U.S. bankruptcy, CEO resigns by sdiacom on Friday November 11, 2022 @01:23PM (#33564607)
As someone with a similar-ish position to yours, I think by the time someone figures out how to build something useful with this technology, the terminology of cryptocurrencies (blockchain, "defi", NFTs and whatever a "web3" is) will be so tightly associated with scams, that this new useful thing will use completely different terms to describe itself.
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Re:FTX to file for U.S. bankruptcy, CEO resigns by nkozyra on Friday November 11, 2022 @01:30PM (#33564725)
While true, there's an endless supply of new buzzwords to use to capture another round of rubes.
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Re:FTX to file for U.S. bankruptcy, CEO resigns by zeroclip on Friday November 11, 2022 @05:12PM (#33567581)
These things already exist. Uniswap, Aave. Both pretty easy to use and can not just go insolvent on you.
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Re:FTX to file for U.S. bankruptcy, CEO resigns by sdiacom on Friday November 11, 2022 @05:48PM (#33567889)
The only currently existing purpose of those things is to trade scam tokens for other scam tokens, which makes them effectively meta-scams. What I mean is that, like Ethereum, they're not scams in itself, but their only real-world use-case is to provide a decentralised platform on which to run scams.
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Re:FTX to file for U.S. bankruptcy, CEO resigns by zeroclip on Friday November 11, 2022 @06:08PM (#33568038)
Lazy and shallow take. But at least those using the “scam” DeFi protocols still have custody of their assets, which is not the case with FTX depositors.
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