Previously: How is DeFi?
Trust and Centralization:
Today: Tonight We are Young
a) Some others know DeFi better than I
b) I don't know the future, I'm just guessing
c) Not investment advice
d) In the end value is in the eye of the beholder. It doesn't matter what I think, it matters what you all think.
This is about what we choose to make of what we have.
One of the strongest and most influential forces in crypto is disloyal employees. This might be obvious to some, but it was shocking to me at first. It no longer is.
Most places in crypto are like this. Most, but not Bitfinex.
Sometimes they die out. But sometimes they make a lot of money. Such is life.
DeFi is glowing with enthusiasm right now.
But just as 2017 ended so will the DeFi Summer.
True yield can be a business model, but inflation isn't, and most of the current growth of DeFi traces back to buying usage of your platform by giving away tokens.
And what will be left, more often than not, are the teams gave it everything.
And it shows.
Or maybe they will keep grinding, and keep reaching further, and be the project people admire.
But most projects in DeFi are stupid. They're half-assed and overconfident and lack much real utility.
I draw that fire away from my colleagues, but the truth is many are as guilty.
Anyway, I smile and nod, and say I'll try to catch up on sleep soon, but I know I won't.
Nishad sits next to me, eyes blurry; he can't go to sleep until we list a new market. If he stays up for it, so will I.
Because the truth is that sometimes those sayings about moderation and just doing your fair share are bullshit. There's always more you can do, and usually more is better, whether it's more features or more stability.
Sometimes we see that in another project, and hope we can find a way to be on the same side.
It happens, now and then. It happened when we talked with Swipe, and felt like ‘oh, yeah, they really care'.
It’s happened sometimes in DeFi, too, but not as much as it should.
Because if the space never gets faster or more powerful or better designed, it will go the way of 2017.
Tonight we are young. So let’s set the world on fire; we could grow brighter than the sun.