[rodiger]

I can be a market maker for an exchange with just $100... not sure how that isn't anything new. I can get a flash loan for $10,000,000 with zero credit to profit off of arbitrage opportunities. Yes, this is all focused on money but nothing to do with speculation or ponzi schemes.

DeFi is sort of billed as an "internet of money," so it makes sense that it's focused on financial systems. Unfortunately many do just dump their life savings and hope to get rich quick. A similar thing happened during the dot com boom in the traditional markets. I imagine a lot of this will settle over time (and there will still be scams and pump and dumps, just as there are in penny stocks / the wider internet in general).

As for Internet Computer, the application to the governance system is decentralized and votes are made by token holders on-chain. It's decentralized in that the votes are open and auditable.

BSC sucks, agree with you there but they're far from the norm. I'm really just shocked that there's so little interest in the tech behind all the protocols here given the wider hacker ethos.

[Spooky23]

The pump and dump hype around cryptocurrency turns a lot of people off.

[rodiger]

Yeah it does. It's a shame and hopefully the risks are made clearer over time.