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by dmitriid 1513 days ago
> The scope of the problem is basically what is happening on Uniswap

So,

1. "a very minuscule subset of a very minuscule number of activities that people engage in", to quote myself, and

2. flash loans and "HFT" using speculative virtual tokens, so very much a circular reference

> And yet nobody has an issue with Namecheap marketplace

1. First time I heard of it

2. It doesn't pretend to be "redefining finance", or "being a revolution", or "destroying traditional banking", or whatever other bullcrap comes out of "DeFi" and other crypto

3. Never does it say anything about "virtual dollars", all prices are listed in real money, and the deposits you may make into your account are also real money