/biz/ - Business & Finance

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>>54741346
gold is the obvious pick because people want sounds money.

>silver
don't fall into silver scam, it's a shitcoin nothing more nothing less

>decentralized finance
HAHAHHAHAHAHHAHAHAHAHHAHAHAHHAHAHA yes your internet magic money is going to have high value!

>>54741346
defi? gold? lmao, imagine not slurping that dip

>>54741346
Yes, having to understand if the contract is a rug, not being able to reverse transactions, paying extortionate fees, potentially trading with sanctioned entities and worrying about hacks are obviously what retail normies want instead of banks

Really insane how rock solid, stable defi has been in 2022-23. But it doesn't have uncollateralized lending yet. I think only yearn iron bank does that. Unfortunately it will need some type of whitelisted KYC or credit score type thing. But a modular system where you have a decentralized lending market that integrates with different "credit score" type services would kick the shit out of trad banks. It would be a bank with an entirely open, transparent balance sheet, and near 100% unbiased when it comes to lending and liquidations.

the ultimate end goal are payment rails only at the edges of the existing system, directly linked on-chain. like bitcoin already has with some services like strike, and ethereum has with some cards that link directly to your eth address.

with cbdcs offering you treasuries and government secured assets and those being repackaged into consumer digital banks the only people that will want or need to take risks with traditional corporate banking are those looking for loans.

but the wealthiest clients, the ones that allow for the loan market to exist are leaving, and the credit collapse is incoming.

>>54741346
DeFi isn't even a reality. How do you feel when you entrust your money to anonymous retards like you're engaging rn on Biz. It's totally foolish without sentiments.

>>54741609
it will be basically impossible to have undercollateralized lending on chain because undercollateralized lending relies on having legal claim on a person's physical assets. there will never be real world items digitized en mass, it's not possible, you're just back to using the existing legal system over the self-contained digital systems of the future.

that's why the singular future place for traditional finance will be those physical claims, and those traditional finance entities will wrap and offer their claims and collateral on digital finance rails like blockchains. large, trusted entities are the only way to cross the physical to digital bridge.

>>54741346
The solution to bank failure in the US is to credibly commit to using bail-outs only in exceptional cases and on a temporary basis with a clear exit plan. Public funds should serve as a last resort and implementing alternative tools like paying top executives with bank debt, paying dividends as a percentage of earnings, focusing more on customer satisfaction metrics, and focusing board attention on those using the most capital. Also, there is need to reinstate tough bank regulations, which were relaxed during the Trump administration and are blamed for the collapse of banks like Silicon Valley Bank, the second-biggest bank failure in US history.

>>54741346

This is bullish for Bitcoin. Not for shitcoins though.

>>54741940
nothing's long term bullish individual altcoins, but the alt casino isn't going away even if individual alts underperform bitcoin long term.

>>54741967

Check Bitcoin's price since 2009. It was made for the judeo-banking collapse.

>>54741771
On-chain undercollaterilized lending will be possible, but you're correct that it will have to rely on already existing legal system information. But even that alone is a game changer, to be able to for example take out an AAVE loan based on your real world off-chain bank account creditworthiness without any of your info anywhere being shared thanks to things like pic related.

>>54741771
no you'd just need some real world ID of the borrower. Some projects already do this with whitelists its just really manually and they only have a few borrows they allow.

DeFi is kind of scammy. What's so hard about buying and holding? Are you not happy until you lose all your money?

>>54741983
>>54741999
you still need existing financial institutions to bootstrap such a scheme though. outsiders won't be able to break into that market, it's the one place where tradfi will retain their claws in the market.

we're never getting rid of credit scores when 70% of the population can't be trusted with money.

>>54742254
it could start with credit scores but once we have more on chain lending then you can start to use that data more and more

>>54742318
but as mentioned its unlikely we're ever seeing direct undercollateralied on-chain lending.

>>54742254
The "all the banks will die and only crypto/gold will survive!" is a meme from desperate le habbening anons anyways. Banks will use blockchain though and tokenize assets, and even with banks things like DeFi will still flourish. Even just combining existing systems with on-chain information alone will provide plenty of profit opportunity for all participants.

>>54742375
I think in the future ownership will be viewed differently than it is today. With CBDC's and loss of ownership of money/currency, everyone becomes defacto renters. Essentially a two tiered system, unless even the wealthy are forced onto CBDCs.

>>54741940
They keep falling they keep dying and they won't say it. Hahaha BTC rocks.

>>54741346
We will all be looking for other ways of investment and institutions will also. This is the time for Defi investment. Shit banks

>>54742689
I can sense it already. With what I see, projects like RadiantCapital and SpoolFi will make good investments.

>>54742909
I never knew banks could be so fucked up.

>>54741489
Why is Jefferson still deceived by gold bars in this new era of the economy. Your parents lifetime is over, don't have thesame opinion with aged faggots

>>54741609
That would make it incredibly anti-semetic

>>54742429
Nobody that believes in progress and better life would dance to the tunes of CBDCs. No single truth is found in the whitepaper it's just thesame lises they told us with the old bill. I'd rather continue using paper note than CBDCs.

>>54742689
Stf outta here. Until we see institutional grade DeFi, no firm would want to be delayed on code-driven blockchain. Go and breastfeed well rookie.

>>54741346
Yeah, that's a rug. kek

>>54741346
>another bank collapsed yesterday.
Water is wet! The domino effect is on. I told some benzos here a while ago that there'll be more but they probably were having their cocks sucked by TradFi fags. Not too late to find a niche in Defi now and hop in though.

>>54741346
What do you do with defi, collect trading fees from niggerspunkcoin/elondoginu pools? Defi is a cartoonish scam

>>54741584
Imagine having all of these "sorted out" by banks but still getting rekt by the same banks.

>>54741760
Newfag? Cos you obviously don't know what Defi is all about. I'm entrusting my money to myself and others who are also entrusting their money to me and themselves. That's why it's called a DAO; you have a say in how your funds are deployed to seek for yields if need be. I bet you don't even know where the profits on your savings account come from.

>>54742394
Now you're talking. It should be a symbiotic relationship rather than a predator-prey relationship. Defi needs the liquidity from TradFi; while the TradFi institutions need the innovations coming to Defi; Now that we've got the MiCA regulatory system approved in the EU, I expect to see more collaborations from both sides.

>>54741609
>But it doesn't have uncollateralized lending yet.
Good. Nor should it. No one should be incentivizing poor financial behavior.

>>54741346
I've been using DeFi for a while now, and I have to say, it's been a game-changer for me. The fact that I'm in control of my own finances and not at the mercy of a bank has been incredibly liberating. I definitely think that DeFi is the way of the future.

>>54741452
Silver is a gem; gold may have more value but you can't take it away from silver. Everyone will just do what works for them at the end of the day.

>>54741810
You think those in suit siting in those chambers don't know this? It's an organized crime scene and the better we realize it, the better it would be for everyone.

>>54741480
It's literally pumping lol
retard

>>54741346
I'm skeptical of DeFi. While it sounds like a great idea in theory, I worry about the security of my funds. With traditional banks, I know that my money is insured by the FDIC, and if something goes wrong, I'll be reimbursed. With DeFi, there's no such safety net. I don't want to risk losing all of my savings to a hack or scam.

>>54741346
I think it's important to remember that DeFi is still a relatively new technology, and there are risks involved. That being said, I do think that it has the potential to be a better alternative to traditional banking, especially for those who have been disenfranchised by the current system.

>>54743366
>What do you do with defi
Stake
borrow/lend capital
Be an active participant in key decision making process involving your assets thanks to DAOs.
Opportunities to invest in Real world assets when they're tokenized.
I'll assume you're a newfag with no brains to not know what Defi can do for you.

All these posts look fake and gay. Chat GPT please go.

>>54743570
Regulations will come(in fact, they're already coming; MiCaR and MIFID II); what happened to investors who had their savings in SVB? Can't see any FDIC updates on any reimbursements yet. The truth is that every sector has their challenges but the ability to find solutions around these challenges is what makes one better than the other. Remember when the Euler hack happened? Some users lost 100% of their funds because they were fully exposed to just 1 platform that got exploited; on the other hand, investors in Defi middlewares like SpoolFi only had a fraction of their assets affected because of a proper risk management strategy that has been put in place preventing users' funds from being exposed to just one yield generator. When you diversify risks, hacks/rug pulls would have little or no effect on you. This is one strong advantage of Defi over TradFi institutions.

>>54743241
Why do you think the likes of MiCA were created? Why do you think SpoolFi for instance is creating means for institution that wants to invest through them to run their own KYC?

>>54743380
How many top richest beings have their investment in crypto.... Louis Vuitton isn't crypto, Tesla isn't crypto, Amazon isn't crypto. If you think DeFi is ready to welcome institutions, prove it with your dick cum or remain impotent forever. Not even a single crypto project can boost of institutional grade tools for traditional firms to build on.

>>54741346
People in finance are too used to the insider trading nipples so they will kick and scream until they can nestle further into DeFi than they already are.

>>54741346
>pretend money is collapsing
>is pretend digital money the answer?
not for me, but probably for you because you’re retarded and will eat ze bugs in your cuckpod

>>54743475
The important thing is that its not subsidized by the public like trad banking. If individuals want to lend/borrow without collateral then they can assume the risk themselves. If lenders actually got burned instead of being bailout by the gov/public then maybe they wouldn't do it.

>>54741760
Jsyk in DeFi you entrust your money to smart contracts which have audited codes but if you are not satisfied with that then you can decide to leave your money with pot-bellied fags.

>>54743686
Name one sector without a risk... just ensure that you have a good risk management strategy set up. If it helps, you might need to consider Defi yield aggregators built with proper and trusted risk management strategies.

>>54741452
Shiny rocks are not the answer in the modern world, retards. There isn't enough of it to use as currency for the whole world and crypto makes everything more secure.

>>54744637
You were probably born yesterday to not know that Defi currently has institutional grade Defi products on Ethereum and Arbitrum.

>>54741346
if more banks collapse, will make people scared. Scared people don't hire, more unemployment, less money invested. everything will be down including crypto

>>54741940
Bullish for banking coins.

>>54745940
Not enough you say? High demand little supply? Hmmmm

>>54741346
>Banks Collapsing in the US
Good. These american niggers need to have a decade of struggle and pain. They deserve it.

>>54741346
>Banks Collapsing in the US
>ever
lol
lmao

Zoom out, the real tank happened in late March when the stock price went from $120 to $15 this is just another slow bleed from $15

>>54745729
Even smart contracts that have been audited can still get exploited but it gets harder when the audit is being done by a very reputable firm like Trial of Bits.

>>54741489
DeFi gems are second to none desu, SXP, SYLO, GNS, name them all these are the big hits in the cryptoverse ngl.

>>54746043
I've been yieldfarming on both and institutions are beginning to involve more. I saw how spoolfi created gated systems for institutions.

Thanks Trump for the deregulation...he caused this.

>>54743135
>I never knew banks could be so fucked up.
If you have an inch of knowledge about the current state of the financial market then I don't see a reason why you should be surprised.

>>54744160
Mica was introduced to shurt out businesses venturing into blockchain. I don't know the one creating means for institutions that wants invest there..

>>54741760
That more reason you need to get some juicy pussy experience as the market cap could be interpreted as an indicator of the value of the token, however it should be noted that this metric would be small part of a complex equation of many variables that determines the value of a token.

>>54743734
>Be an active participant in key decision making process involving your assets thanks to DAOs.
What's your DAO game, anon? Astra DAO's got my back for easy-peasy passive investing with mad Crypto Indices. Plus, their based DAO is open for dope community proposals that can make the community lit. So, you can get in there and get that funding, chad.

>>54741346
I give it 2 more weeks before the electricity shuts off and we're all fighting for scraps in the streets

>>54746578
The gated systems are gonna be live when the next version is launched and not until then, you can't figure what it looks like.

>>54746576
Yea those shit are making dick hard, Soon token metric will stabilize in a few days with the last token release. then we will see the organic growth gearing up

>>54741346
Banks are in trouble. Are DeFi projects the answer? or banks need to adopt institutional grade DeFi

>>54746578
Don't be a lazy ass anon when token Metrics is building a pro-crypto army that works towards a future where everyone has control over their own financial destiny. don't be some assholes dick

>>54746614
Don't bring in some trashy ass here that dude is far gone as fuck I need some real shit anon

>>54741379
FPBP

>>54741346
I'm getting nervous about my money in the bank, should I convert it all to stables?

>>54743241
You need some sense anon, got get your ass spank, as Token Metrics helps you navigate these uncertain times with ease, giving you the tools and data you need to make informed trades.

>>54743522
BTC just fell 6% in 10 minutes
it's over

>Is DeFi the Answer?
I think that's a no.

>>54741760
Faggot, I'm in charge of my money on DeFi, unlike banks, and I can also easily diversify my funds through middlewares to reduce risk

>>54742069
Those that fail to see this will get rekt

>>54742394
Yea, eventually banks and TradFi will realize they need DeFi more than it needs their liquidity, and I think projects working on institutional grade DeFi will be favored

>>54741346
BTC did the same kek

but good that we recovering

>>54747222
SpoolF is one of those creating means for institutions to get into DeFi and since it's working with a regulatory framework, I believe that it should do well

My mortgage is up for renewal. Which defi protocol should I use for mortgages?

>>54746272
Isn't that the auditor working on SpoolFi V2?
It has a clean record of zero exploit

>>54748649
Mortgages are subsidized by the government, so get your mortgage through a trad bank, then take the cash and put it in defi to earn more interest than you pay on the mortgage. Free money.

>>54741609
Uncollateralized defi loans have been around for well over a year.

https://www.coingecko.com/research/publications/undercollateralized-loans-the-future-of-defi-lending

https://truefi.io

>>54748817
They've worked on various projects in the past, and this is just another one they're working on, which they claim has the most complex smart contracts ever.

>>54748320
I prefer Defi to banking and I've been keeping yield farming more with Defi tools like Curve and Aave through SpoolFI.

>>54748633
Institutions can design their own KYC using the gated access that will be provided so you are on point.

DeFi isn't the answer, banks are the problem, it doesn't just get fixed cus you made the banks unaccountable and automatic

>>54748009
FWIW this could be another bank stop shitting on the thread and get going with your life pajeet.

>>54746578
The features included in its comingV2 are generally noteworthy because they will revolutionize DeFi.

>>54749296
Defi will fix its thing. I saw that the US is trying to stop staking. Funny how Saking and Yield farming are threats to banks. When they say risks I say use the DAO first aggregator.

>>54749425
The only essential feature I've seen is the addition of Guards. Others like ER20 token support are extensions.

>>54741346
not only did the bank collapse but the US government isn't going to step in this time, and they won't be able to sell off their assets because anyone who buys will be worse off after the purchase

this is going to escalate anons. look at PacWest, Zion or even Wells Fargo to crash next. liquidity crunch incoming
>you now realize why yields on 1 and 2 month treasuries are mooning
>the big boys know the music is about to stop

>>54741609
USDT (and by extension DAI) is about to die and when that happens, "DeFi" as it currently stands will die.
also, the SEC has come out and said that any coin or product involving staking is a security and therefore subject to enforcement

It still boggles my mind how people can look at this and argue markets are rational.
FRC wasn't hit by a meteor, simply the market stopped ignoring all the worthless investments small banks have

>>54741981
>PoW coins will survive in a global economy moving towards carbon neutrality
absolutely fucking not. no way no how.

>>54741983
the continued existence of DeFi depends on institutions moving in, which they won't because they are risk averse because they have a fiduciary responsibility to their shareholders as well as legal compliance requirements and there is no regulatory clarity currently. regulation (likely at the congressional level) is a prerequisite for the next bull run. and that won't happen before a big fucking crash (USDT dying)

>>54746129
It doesn't scale up enough when you have the kind of volume that the modern world has to deal with on a day to day basis which is why we ended up with this bullshit fractional reserve banking in the first place.

>nothing short of a failure
Anon a handful of shitty banks going under for lending to even shittier tech companies doesn't indicate the whole system is a failure. If anything trad banking and broker dealers are stronger than ever aside from the contagion these fuckhead banks have introduced into the system. If anything low rates for the past decade have caused this issue, cheap debt means retarded companies get to float on air. Defi doesn't offer any solutions to this problem unless you plan on desolving the Fed and replacing it with a defi alternative. Maybe based, but not right now with every defi project on the market being worthless.

>>54748821
Then get rug pulled and lose your mortgage. Great idea. Seriously how fuckin stupid are you? Crypto has rotted everyone's brains. Did you learn nothing from Terra's failures?

>>54749751
No bluechip defi has "rugged," retard. Luna was a bullshit project, everyone who actually bothered to spend 5 minutes learning how it worked would know it would collapse eventually.

I read the first 50 or so posts
How come nobody mentions banks can't fractional loan out DeFi funds and weaken your purchasing power? Anyone that still defends banks after oatmeal and rice does a 3x needs to kill themselves or post curly sideburns

>>54749296
DeFi solves this cause it's basically all codes, no one can manipulate it as what's happening on the smart contract is visible to everyone.
>>54743321
>Not too late to find a niche in Defi now and hop in though.

Moved on to keeping my assets on SpoolFi can't afford to leave my hard earned money in the hands of greedy pot-bellied bastards.

>>54741452
>>54745940
>>54746129
>>54749700

>>54748817
With their top-notch security, institutions will place them at the top of their priority when picking Defi tools.

>>54749815

You are right.

Who dis?

>>54741346
>>54741452

>gold is obvious

fucking megakikes.

Spend all of your money on physical items that you can actually use.

>value of money rapidly declining
>cost of products rapidly increasing

you would unironically be better off stacking ammo and alcohol than meme gold.

When SHTF in your fantasy larp no one will want your old other than literal kikes that will just kill you for it. You will be better off with ammo or high proof grain alcohol to trade. Alcohol actually has multiple uses and virtually anyone will need some at some point for anything from disinfecting wounds to lamp fuel.

>>54749815
how come defi fags never mention that they can't cash out?

lol..

>sorry, goy, your money is out on loan

>>54741346
Defi is definitely the answer and future of world finance. I am already making moves by storing my BTC, XTZ and ETH in a non custodial wallet like Sylo where I have full control.

>>54750066
Have you even used defi? Obviously not, I have no idea what the fuck you're talking about "can't cash out." If there is liquidity you can withdraw. If not, then you get like 100% APY until people repay loans. Its part of the protocol and you can look at the collateral and see its all safe because its a 100% open balance sheet unlike a trad bank you have no clue. A trad bank just pretends to be 100% liquid and when they aren't they blow up.

>>54749806
The only blue chips are BTC and ETH. Where are your ETH projects that people actually use for anything that isn't making number go up? Go ahead shill your bags

>>54751091
Lending platforms have a use case as money markets to improve liquidity between tokens. It doesn't have much use externally off chain... yet. The links between real world data are still being thought out / developed.

>>54751065
>Hold ETH at Centralized crypto "bank"
>bank writes bad loans
>bank goes under
It's the same shit with extra steps anon.

>>54751132
Fair enough, but the rates offered in exchange for liquidity would be competitive with any HYSA or Money Market because you can't conjure yields from thin air. If you offer higher yields it's unsustainable, it has to come from somewhere. I believe crypto will have value one day, but right now every project is worthless. You can argue otherwise but what else does anyone do with any of these projects except try to make money? They never offer anything else of value. Even crypto gaming was proven to be complete shit. Not a single game worth playing.

>>54751163
>Centralized crypto "bank"
yeah, you have no idea what you're talking about. Defi is run by smart contracts, its open source code, It can't "write bad loans." and the entire balance sheet is transparent so you can see all the debt and fully consider the risk.

>>54751065
>lending protocol gets exploited and left with bad debt
>literally physically cant withdraw

>>54751230
It doesn't come from nothing... it comes from borrowers. For example, say some stablecoin LP has high APY because there is low liquidity. But you don't want to hold stables. You but your eth or wbtc as collateral, borrow stables, and provide liquidity. You are paying the interest so you can get the stable APY while not selling your crypto.

What actually does "come from nothing" is a HYSA/MM if they are investing in treasuries or other gov debt, or the bank just holds it in reserves earning IoR. The gov runs a deficit so that interest is literally paid by supply dilution.

>>54751281
Name one bluechip that failed because it got exploited in 2022/23.

>>54745940
Stop thinking I'm going to ever want to interact with 3rd world creatures as if I need something from them?

Also what I desire to spend on is even less so, you have some idea of wanting stuff and big stuff. I want a plot of land to grow food and trade what I make or grow for things I need and only rarely want.

>>54751308
why not "blue" chip 2021?

>>54749641
If this is true, should I be pulling my money out? In case of bank runs when SHTF and the money goes dry

>>54751450
Because they were really experimental then. They still are, even so, in '22 literally every single centralized crypto lender collapsed while defi platforms were fine. Even in '23 US regulated banks are failing before the top defi platforms lol

>>54741346
Yup, Brewlabs is the way. Multi-service, multi-chain, revenue-generating, de facto deflationary DeFi-behemoth in the making.

>>54747991
>up 21 jillion % overall

We're back

>>54741452
>>54743498
I'm not a PM fag, but silver would have been easier to trade with for cheap things.

Is AAVE a good buy DEFI bros?

>>54752830
aave and gmx are goated

>>54752830
Well for AAVE I'd just DCA in slowly Chad. I have seen the assets trader grade on tokenmetrics which shows sentiment is getting to a neutral zone and could switch to buy soon, I can also spot it with a decent risk factor.

>>54749870
Based anon

Yea. Put all your money into Defi. It'll be funny, really fucking hilarious when you hand over your life savings to them.

>>54741940
Shitcoins are always a bad investment bizfag, I wouldn't go anywhere near them. Currently I gave eyes on alts like EGLD, MEX and RIDE on the MultiversX which is a developing ecosystem with potential.

>>54743380
>That's why it's called a DAO; you have a say in how your funds are deployed to seek for yields if need be.

yields on what? what is this fake money invested in in the real world?

>>54743740
>only 40000 years since the gas chambers goy, you have not atoned