[markkat]

As evidenced by the replies here, most people don't understand Ethereum, much less what is being done with Ethereum atm. Most people still don't know what DeFi means, or know that Ethereum has more nodes, processes more transactions per day, has thousands of more devs building with it, that real estate shares are issued on it (https://realt.co/), or that tokenized digital art is selling for millions on Ethereum (https://usaherald.com/beeple-an-iconic-digital-artist-sells-...). etc. Most don't know that $2.3B (0.62%) of BTC is locked in custody to be traded as an Ethereum token (https://defipulse.com/wbtc) as to get access to financial istruments built on Ethereum.

Eventually this will be common knowledge, but it isn't yet. It's early days.

[atomi]

No, we get it.

DeFi is being able to trade unregulated equities or lend on their collateral on decentralized exchanges with transactions guaranteed by code.

In other words, it's for degens that think avoiding taxes on shitcoin trading is peak crypto.

There are other interesting things on blockchains that can be done outside of decentralized finance. But trading shitcoins is what people are getting off on right now.

It reminds me of how porn is almost always first in new technology adoption.