/biz/ - Business & Finance

Better tokenomics
We need the next John Nash to tell us how to make this shit work without everything turning into a race to the bottom dumpfest

>>50190164
>Better tokenomics
In general to DeFi projects or you have some specifics in mind

>>50190105

>>50190105
>Security
The rate of hacks is enough evidence to prove what's needed

>>50190105
Normie appeal. No blue collar jim knows or gives a fuck what an APY is

>>50190203
Are you retarded?

>>50190105
Better users

>>50190272

>>50190105
heavy regulations. Too many cases of people waltzing in and out of the system with users hard earned money.

>>50190360
this incel needs a pussy in his life

>>50190235
But at the same time, privacy depends on the quality of privacy which is another thing defi is clearly lacking

>>50190395
He's never gonna get one with this brain of his

>>50190317
Better users can't come till the system is less complicated than it is. Right now the average joe trying to trade doesn't know shit about the system.

>>50190368
I think self-regulation is the word. No one will embrace the idea of heavy of regulations. That might as well become the end of decentralization

>>50190447
>less complicated
its fool proof, that is the whole issue. The pool of mongoloids able to be herded by predatory entities is too high for a stable system to exist

>>50190105
I think more attention should be put on privacy and security. The rate of hacks we see these days are alarming.

>>50190105
Chainlink

>>50190493
Kek, I love these guys. Shill away my trustee bot.

>>50190480
mmmm...

...bearish for vaxxers...

>>50190493
Okay jeet. What does it bring to the table

>>50190492
Fucking alarming. Unfortunately, privacy protocols are not up to speed except a few ones that are standing out

>>50190105
It needs two things:
1. Ease of use
2. Security so people aren't afraid to lose their money.

There is a project called Nash that has been working on this for a while. Normies are able to transfer money directly from their bank account into DeFi interest earning protocols like AAVE with a few taps in the Nash app which is pretty cool. However so far this project has not seen any real adoption.

>>50190164
>>50190702
From the same village

>>50190105
Privacy is at the center of everything. In case y'all don't know, all I need is your wallet address to track your ass. I don't even fucking need your permission to do so. That's the biggest flaw with Defi

>>50190105
There needs to be a better use case other than unsustainable ponzi rates, especially to justify the risk of putting money into such a vehicle.

>>50190368
If regulations come in indeed, I wonder the kind of requirements that will be made for everyone

>>50190433

>>50190787
Even worse when the wallet can tied back to you, thanks to the crazy KYC demands these days

>>50191002
The authorities would end up exploiting the lot of us. There has to be a way out.

>>50191281
The only way out is for everyone to take responsibility for their privacy. It's a good thing that there are several trustless options to do that now

>>50191050
Crazy stuff. I came across news that the EU has signed a law to link users' transactions to their KYC accounts on exchanges. Total BS.

>>50190105
Let me tell you right now: normal people do not give a fuck about privacy. It's a "nice to have bullet-point", but just look at all the fucking shit they allow companies to get away with in selling their data and shit.

Normies also do not give a fuck about centralized control. They WANT you to have a way to reverse their mistakes. They WANT you to be able to blacklist addreses and recover stolen funds for them. In other words, they will ALWAYS expect CeFi in some manner

>>50190105
scalability & security
both have already been solved
just waiting on adoption now

>>50191430
what they really want is ease of use. if you can make something decentralized and easy to use as centralized services then they'd use it. Making it retard proof would increase adoption however you'd probably need an AI to make a decentralized app retard proof.

>>50191374
It's fuckin sick. feels like we are going backwards

>>50191374
Impossible, I cant wait to sue exchanges for violating data protection laws by the same eu that prevent them with sharing such data. The end of the song is, the EU wont have a crypto industry

>>50191509
I don't think security is solved yet.

>>50190105
Everyone is stepping out of DeFi because it looks so freakin complicated

>>50191921
Can anything ever be solved in crypto brainlet

>>50190634
>he doesn't know

>>50191921
security is solved if you know how to read code. don't put your assets in a contract that has exploits in it. most people won't be able to do this but that doesn't mean it's secure if you know what you're doing.

arbitration baked into the protocols

>>50191281
I don't give a fuck, I connect my wallet to privacy platforms cos I have witnessed two hacks around me and I never want to be in such a pitiful condition.

>>50192215
You are just a normie if you think some cock sucking privacy protocols will keep your wallet safe from bad actors.

>>50192126
well according to an insider its already being worked on

>>50192126
There are many things to be improved on. Relatively, the space is still new

>>50192126
You got some bipolar disorder, why the hell are you on this board

>>50191769
Kek, this would be classical. They think they can do as they please and bend the laws as they see fit.

>>50192522
kek. Are you a privacy protocol dev?

>>50190787
This is a major border for so many users. How can anyone just see everything about my finances and what I spend money on, How is this acceptable? Freaks me the fuck out.

>>50191509
How the hell do you know for sure it has been resolved????

>>50192491
that's not what i said

>>50192594
And why should I reveal such information? It's classified stuff.

>>50190787
This is a big flaw in the blockchain technology if you ask me

>>50190317
Well, I can see significant improvement in this with the interface of emerging projects

Here's a real answer for you smoothbrains: standardized BYTECODE interfaces for ERC20, ERC721 standards (at minimum). These interfaces should be compiled into a set of publicly verifiable bytecodes and associated hashes, and wallet technology can check the hash against new contract code upon call to see that your transfer of FARTCOIN through an ERC20 interface doesn't do stupid fucking shit like drain your ETH, siphon off 50% of the tokens to the dev wallet, dump liquidity, whatever.

If TRANSFER != STANDARD_ERC20_BYTECODE => WALLET DENIES.

Having a specified code interface does nothing because it is always a call to a 3rd party from any contract, introducing literally every security vulnerability "hack" that has happened. This would guarantee that at least token transfer standards are adhered to, and normies don't lose their shit using something named TrustWallet to try and play with their friends.

Wallet security is garbage, it's the netscape of submitting transactions on behalf of a user and developers should feel fucking bad for what they created. To rely on "it's the user's fault" is the stupidest shit ever, instead of creating a technocracy they created a techno-ivory tower where only the rich or knowlegable get to sit and play their stupid ETH shuffling games. Every new protocol is just more of the same where these assholes invent even more clever ways to take money from each other while winking at the normies "you're missing out".

Not even 4chan autistic normies can figure out most of whats going on in these contracts. The ecosystem is a joke, and the only reason it keeps going is because they suckered in VC during the bullrun to fund their stupid games.

>>50190368

https://www.nasdaq.com/articles/corporate-treasuries-are-already-into-defi-so-why-arent-privacy-protocols-up-to-speed

Worth reading. Explains how regulations will affect things if it is highlighted big time

>>50190447
Well, there are automated systems and aggregators on board now. It's left for the average Joe to find them

>>50190460
Still early to make conclusions now

>>50190492
The numbers are rising, PriFi is gradually trending

>>50190493

>>50190702
>Security so people aren't afraid to lose their money.
Spot on. Everyone is panicking like fuck due to past experiences

>>50190663
>except a few ones that are standing out
Examples??
Besides Monero, Railgun and probably Tornado, I can't see much privacy projects making waves in terms of shielding txns

>>50190799
This is the attitude of most people, that's why they fall for it

>>50191050
At this point, anyone not maintaining a private wallet/balance is totally retarded

>>50191281
>The authorities would end up exploiting the lot of us.
>There is only one way out
Shield your fucking transactions. You can do that by keeping them off the chain on mixers like Tornado or anonymously deal with them on the chain with smart contract protocols like Railway

>>50192715
I'd look into it.

>>50191374
>EU has signed a law to link users' transactions to their KYC accounts on exchanges
Can you imagine that. It's all fucked up

>>50192726
I think more targeted awareness programs would help

>>50192788
kek

>>50192869
The rug pulls and scams have pushed people to the edge. Everyone is afraid of investing.

>>50191430
Don't be a moron. Everyone cares about privacy. The only problem is that many people do not even realize that information about them is being played around without their consent.

No chance in hell will anyone be comfortable with a random dude knowing every single he/she's got in his pocket, wallet and bank. Simple as that

>>50191550
In short, better usability for you.

>>50192665
I mean educated users that understand at least what liquidity and spread is, instead of the sheer unlimited stream of pajeets that ape into every shit and ape out as fast

>>50190105
I think privacy is mostly needed for a better adoption, since many will love to have their transactions hidden from the public

>>50192664
Not anymore, you now have an option, either to use privacy blockchain like secret network to hide your shits or expose your shits to the fucking scammers

>>50192664
Indeed it is. Privacy solutions are trying to cover it up but the adoption rate is yet to hit what it should be

>>50191336
Seems to be trending one at the moment. Seeing it almost all the time on coingecko and CMC. Perhaps users are beginning to pay attention to on-chain privacy

>>50191374
Aren't we fucked

>>50191769
There is no basis for that to happen. Even if you want to sue them, what are the terms you'll make reference to?

>>50192114
It's not for retards anyway

>>50192294
No one likes to be fucked

>>50190105
I think what people need..
Is to have it explained...
WTF IT EVEN IS!

>>50193901
RAILGUN appearing on cg and cmc almost every week

>>50190105
Security

Privacy+regulation compliant+already built+ chain agnostic+ kingmade by nwo

>>50190105
I think they need more privacy for better adoption it is as simple as it gets

>>50192900
>Even in privacy, security matters
I'd rather go for a smart contract system with no custodial risks and no bridge involved. Mixers is a no no, I have no confidence in its security. Monero deserves all the hype

>>50194728
monero is good but it does not provide smart contract support and programmable privacy, its banned in my country too

>>50194777
I think the secret network is offering a better apy too.

>>50193934
the question is of course how it is going to be implemented by the individual member countries sometimes in 2030. Lets wait in see if the Eu has any leverage left until then

>>50190105
Dig into everest ID for an answer to your question
Everest.org

>>50194830
I just saw a movie over their which Kevin smith had launched on their mainnet

>>50194933
The guy speaks a lot, but him working for privacy and web3 seems impressive, i though Hollywood were dickhead without any brains

>>50190203
gimi

>>50190105
How about any of them for starters.

>>50193993
This is so weird

>>50190105
Less none wall to wall carpets

>>50193915
Not if proper preventive measures are taken. We can't let them have all the power

>>50193061
Let the tears flow chad. Its so fuckin wrong

It's just another buzzword grift.

>>50194777
Monereo has been having numerous issues recently, a better alternative is secret network, they have both defi, programmable privacy and also have a gaming platform for web3 users as well

>>50194933
How is that possible, do they have to mint the movie before watching it?

>>50194933
Yea, it's the first of it's kind though, but do you think many will buy the idea of minting a movie before watching it?

>>50193153
You are autistic
Normies don't give a fuck, that's why there's so many amazon echos, google nests, and people using siri on their iphones
Go ahead, try to make them care

>>50190164
>We need the next John Nash to tell us how to make this shit work without everything turning into a race to the bottom dumpfest

For starters, try upping the circulating supply and decreasing the amount of tokens initially granted to devs so they could dump for profit.

>>50195156
What % is their token apy?

>>50195391
kek

>>50195156
I can see secret network has defi integration too but the most complete privacy protocol still remains Railgun with its integrated DEX for private swaps, Nft support and private Nft auctions.

>>50195156
Railgun says hello. I guess you haven't seen the project's v1 protocol which was launched on Ethereum, BSC & Polygon chains.

>>50195156
I'll direct you back to this. >>50192767
Secret still has some lessons to learn from Railgun

>>50196828
It depends on where you are staking it. Kraken offers up to 24% APY and that's good enough IMO.

>>50195228
It's a good way to give full ownership to the producer. Lots of people won't like it because they are retarded.

>>50194830
Staking is not all about APY, faggot. I think getting airdrops as well as protocol fees release a better staking incentive than apy often times

>>50197455
Do you mean in terms of giving access control to NFT metadata or in terms of the number of dApps building on Secret? We both know Railgun is no way near in this regard.

>>50195391
You sound moronic. Make a survey and ask how many people are even aware about this

>>50197281
Hahahaha, do you want to compare railgun to secret?
Well, pitch me rail, but I'm certain that among other privacy project, secret network doesn't have a competent competitor yet

>>50190105
Full decentralization of marketing, Kolnet is already spearheading this niche with the introduction of initial marketing offering

>>50197843
Wait for it when NFT implementation goes live in the next couple of weeks.

>>50197740
Obviously
>>50196828
It depends, but 30% is obtainable in most cases
>>50197455
Did you see the recent secret update?
You need to check it out anon
It seems you are not aware secret has P2E NFT games as well

>>50197885
Railgun is the most complete and secure privacy protocol. No bridges, hence no custodial risks. Works across multiple chain and even has the option to generate transparent of shielded transactions that is exclusively controlled by the user

>>50194777
More reasons why smart contract protocols are probably the best option to consider