/biz/ - Business & Finance

Definitely is a scam. Daos are Jewish. BTC is pure.

Yes, chainlink failed therefore Crypto failed. The problem sergey went out to solve is unfortunately not solvable

>>55934843
Which problem?

>>55934834
OP should have just directly called out Algo as a scam instead of smearing it across all other crypto projects before labeling it as such. This is the reason why they have MiCA down the line.

>>55934912
Regulation will come and governments will realize what a shitshow this space is and nuke it, billionaires and rich scammers will try to lobby to slow the process down but any country that adopts crypto systems will be plagued by legal nightmares for no real benefits. China saw this bullshit coming before the rest of the world and is less affected by lobbying so they shut it down before it became a problem.

>>55934876
The decentralized oracle problem. No steaking isn't the solution

>>55935146
Better yet, China removing the crypto tumor is seen by westerners as an evil authoritarian move so they feel compelled to find a different approach and shoot themselves on the foot.

>>55935185
Did you miss china re-legalizing crypto in hope to feather off their deflationary deathspiral by selling gweilo dogeshit to get dollar. Plan failed, the sec scared gweilo to buy china bags

>>55935146
No asset is entirely safe, not even stocks. Labeling all web3 projects as scams is far-fetched, as there are genuinely strong ones with practical utility. If you delve into the progress of DePIN-centric solutions, you'll understand the viewpoint I'm expressing. A prime instance is Eloop one, utilizing peaq machine ID to enhance their car-sharing service. What about AA mobility and many others. What web3 need now is regulatory framework and clarity.

>>55934826
kek

>>55935147
CCIP is enough considering the problems it solves in both worlds.

>>55934826
>No financial institutions and companies will ever really trust an autonomous algo they can't sue.
Unless it's correct by construction and created with software specification languages.
Tau.net with coin AGRS does exactly this.

They also have more lowly use cases such as video related.

>>55935241
hong kong only.

>>55935352
No asset is safe but even when a company goes bankrupt shareholders get to company assets and irresponsible actors can be charged with multiple fines and even get prison. Same for loans that can cost a person or company millions in seized assets. With crypto you get nothing and there is no one to sue when shit goes tits up.

>>55934826
Imagine that a fucking ducks racing project is being more bullish than any DEFI or DAO out there
$DUCK race derby literally paid my debts this month kek

>>55935377
Walled garden. Could as well be running on a cloud, worthless. There is no good enough in crypto, it works decentralized or it doesn't, point.

If it's decentralized why can someone press a key and rug pull people

>>55937819
because crypto leads to faster centralization than communism, as 99% of all tokens are just grey and illegal funding schemes for software companies and scammers

>>55937819
because it can be done anonymously with no consequences, and the blockchains that allow this sort of mass scamming are usually decentralized so it is impossible to charge the people enabling the scamming.

>>55935500
But the whole point is that there is risk. That's why it's crucial to deal with projects that the dev can be doxx. If MICA bill is implemented, it will protect the interests of the masses.

>>55934826
That's common, but I'm giving the
DePIN narrative a good shot, as it might revolutionize the traditional infrastructure networks. I'm referring to Peaq and IoTex blockchain.