Is defiat a ponzi scheme?

[Anonymous No.30061269]

DeFiat is a staking platform for erc20 variant tokens
But where do the rewards come from?
From what I understand it's generated from fees, which come from users entering and exiting the staking platform?
Isn't this a ponzi?

[Pablorano No.30061677]

Is your mother a whore? Who knows :)

[Anonymous No.30061852]

>>30061677
Ok Pablo

[Anonymous No.30061883]

>>30061269

Red ID: Check

I know who you are and I know you're salty we kicked you from one of the groups, but you were honestly getting very annoying.

You know full well how the system works and you even posted in the group that you were trying to get a buy in at $12. Well it's nearly there now so bravo.

Anyway, for anyone else curious:

Fees are generated with every DFT transaction and then sent to the rewards pool. This is currently sat at around 70,000 DFT which will be used over the course of the first few months of anystake to provide a very good APY to stakers.

The staking and unstaking fees are used in part to buy back DFT from the open market.

If anyone is curious they're welcome to join the TG. We have quite literally just had this discussion there.

[DFT Chadlord No.30061900]

>>30061677
Man, Hac must have really gotten his feelings hurt?

Glad you got kicked out for spreading fud. Chadlord is still not selling his bags, however will keep buying the fud you create so you don't get to buy back in.

#blessedbethedefiatpepe

[Anonymous No.30061946]

>>30061883

Oh surprise surprise, the DFT holder gets a green ID. Cucked again, pal.

[Anonymous No.30062008]

>>30061900

Hello based green ID dubs fren checked.

Yeah I didn't wanna call him out but this is blatantly Hac.

[Anonymous No.30062257]

>>30061269
i don't really know, but i have a bag just in case since it is still very low in marketcap

[Anonymous No.30062289]

>>30061883
Im not that guy, I just happened to read through the chat

Id color all you can respond with?

[Anonymous No.30062334]

And whats up with the namefagging?
Pajeet coin, will be fudding your threads

[Anonymous No.30062348]

Defiat holders invested too much and are now panicking at the idea the farm won't be as hyped as they thought lol because the staking and farming fad will be already over once theirs gets out finally

[Anonymous No.30062437]

>>30062289

We've responded in the group and I've responded with an explanation here. The only reason to post this fud thread is quite literally to drive price down. I actually don't think it will work.

I think you're already priced out, even though we're only up 50% or so on the day. You were waiting for $6 or something and now you're starting to panic a little.

[DFT Chadlord No.30062460]

>>30062334
>VPPo4XZJ
Go cry your tears Hac. This is /biz.

I'll be sitting here riding dft to the launch comfy.

[DFT Chadlord No.30062529]

>>30062348

Chadlord knows what's coming. Fud'ers do too, clearly.

[Anonymous No.30062543]

>>30061883
>Fees are generated with every DFT transaction and then sent to the rewards pool. This is currently sat at around 70,000 DFT which will be used over the course of the first few months of anystake to provide a very good APY to stakers.
>The staking and unstaking fees are used in part to buy back DFT from the open market.
And why would someone buy dft ? To stake? Just admit it's a ponzi and go back to coping how that's fine, like you did in the tg

I'm a complete outsider, but fuck ponzis
Bitconeeeeeeeeect

[Anonymous No.30062565]

>>30062460

I can literally guarantee that he has become so comfortable with the downtrend and trying to trade it that when we rocketed up almost 80% in a day he panicked and this is the best he can do, lmao.

Downtrend is over hombre, it's buy the dip time.

[DFT Chadlord No.30062835]

>>30062543
>VPPo4XZJ

>I'm a complete outsider
>THE TELEGRAM SAID

Okay Hac. Pitiful buddy. You'll be the meme of what happens when you try and get greedy.

Comfy Chadlord still comfortably comfy.

[Anonymous No.30062917]

Let's talk fundamentals, not price action.
I've never bought or will buy your ponzi

[Anonymous No.30062974]

>>30062835

>Complete outsider.
>gO bAcK tO CoPiNg iN tHe tG cHaT.

Okay.

[Anonymous No.30063042]

>>30062917

That's fine you don't have to buy DFT. Do something more productive with your time you nonce.

[Anonymous No.30063093]

>>30062835
Okay Rajeesh,
You don't have to quote my id when replying, smells like curry in here.
Someone linked me the tg and the convo caught my interest

You have no answer to the fud,
That your coin is a ponzi
And I will warn newfags

[Anonymous No.30063176]

>>30062917
>Disclaimer: I hold a big bag of DFT

Dude, literally every farming token in the space is a ponzi if you view them critically. If you don't appreciate that fact and risk you shouldn't be in the DeFi space at all and that's ok.

Or do you think the others just magically produce money and worth?

[Anonymous No.30063188]

And quite frankly, I couldnt care any less about your tranny tg drama
I want an explanation on the ponziness

[DFT Chadlord No.30063266]

>>30063093

Hac, come on. You can fud better then this mate.

>The devs are US based.
> The TG explains what's going on.
> You made this fud after we kicked you out for stating your goal of causing fud.

Not working. Chadlord Is quite comfy. Glad you won't be on the moonship.

[Anonymous No.30063412]

>>30061269
It wouldn't surprise me considering the whole team is anonymous and they haven't updated their roadmap past Oct 2020

[Anonymous No.30063445]

This is embarrassing. Defiat is LITERALLY a ponzi scheme

[Anonymous No.30063450]

what an embarrasing thread. everyone involved should kill themselves

[Anonymous No.30063458]

>>30063188
The explanation is that they are all just ponzis. Ride it or go away. If you are gonna warn somebody about the risks of farming then at least don't be a jerk that targets DFT specifically.

[Anonymous No.30063690]

>>30063412

Relocked $350,000 USD of liquidity a few days ago.
Paid Hacken $20,000 ish for a full audit of anystake code.
Explained several times that they must be anon because of their day jobs.

Actions are what matter. Sorry to say. Go check the code on the Github before you criticise.

[Anonymous No.30063712]

So...Defiat doesn't actually *do* anything with the staked tokens, it doesn't leverage them in any way to generate economic value...all it does is charge an entry and exit fee that is redistributed to stakers...uhh, bros?

[Anonymous No.30063733]

>>30063450
Including you especially

[Anonymous No.30063803]

>>30063690
Defiat does nothing different from any other token. It offers nothing new to the table.

[Anonymous No.30063959]

Staking can produce income in a few ways

Liquidity pool DEX fees (bc there's enough volume to make it work)
Collateral for an outside income system (nodes get slashed for bad behavior for example, think LINK nodes)
Lending (obvious)
Proof of stake systems (obvious)

Defiat doesnt appear to do any of these. It only gets income from fees paid by people trading or staking the token.

There may or may not be "70,000 DFT tokens in the pool". That's irrelevant. A 2% or 5% or 10% fee on transactions will never produce enough money. It's economically impossible

That's why all the selling points of the token are ITS DEFLATIONARY, THERES BURN, YOU CAN STAKE ANYTHING (but dont ask HOW staking works because we dont know)

It has all the qualities of your standard scam project like r3fi. It's a ponzi, but a realllly persistent one

[Anonymous No.30063982]

>>30063458
Farming doesnt equate to ponzi
Your defense is that there's a shitload of other scams too,
But since youre holding those bags,
You don't want me fudding your coin,
So that newfags can buy into the scheme,
Generate the fees that go to you, just like you did and the newfags after them will do
This is wrong , it's not a sustainable model
Your coin is just caught in the bullrun pump, but it will not have a future.
I want to wish you luck, but your dependant on the masses falling for the ponzi as well.
Just doesnt feel right, not every crypto or taking cryptos are scams

[Anonymous No.30064021]

>>30063690
>Explained several times that they must be anon because of their day jobs.
Oh this just keep getting better LMAO
Just fucking sell, holy cope

[Anonymous No.30064033]

The staking reward fees are not only generated from deposits and withdrawals. But they are also generated via any transaction through Uniswap. In addition, buybacks are performed upon withdrawals of the platform (generating more fees for the staking pool as well as continuing DFT burn). Also, I encourage anyone in this thread to look at how the regulator contract works. In simple terms, DFTP and DFT will be bought back accordingly to encourage DFT price stabilization. In addition to all these mechanisms in place to support the price of DFT, remember that DFT is also a governance token and that in itself serves utility. That being said, the platform will also incentivize people to HODL their DFT as it will provide them greater yields. This a very new project and the developers will continue to add even more utility to this token. In conclusion, this token serves a purpose way beyond something that would be considered a Ponzi scheme. To even compare it in such nature is pretty silly.

[Anonymous No.30064054]

>>30063690
>Relocked $350,000 USD of liquidity a few days ago.
>Paid Hacken $20,000 ish for a full audit of anystake code.
>Explained several times that they must be anon because of their day jobs.
None of that addresses the flawed ponzi model btw Pajeet

[Anonymous No.30064057]

>>30063803
Anystake, nothing new, really?

>>30063712
Oh you're one of them smart cookies thinking crypto can generate economic value.
It's not created or generated dumbass, it's always taken from somewhere.

In a sense, by having a % of every tx with DFT get distributed as a fee, the "staking" of tokens yields value as legitimately as ETH mining / staking.

[Anonymous No.30064227]

>>30064033
>In conclusion, this token serves a purpose way beyond something that would be considered a Ponzi scheme. To even compare it in such nature is pretty silly
How so?
The fees are from buying dft too.. okay.
What do you use dft for? Staking
Oh and hodl too goy
Either very low iq, or jeet scammers coming on biz first time

[Anonymous No.30064230]

>>30064057
There's plenty of cryptos that generate real economic value by providing services, enhance efficiency, or otherwise offer utility that has real, quantifiable value. What you're saying is the equivalent of saying that all stocks are just a ponzi scheme...well, no, the intrinsic value of, say, Amazon stock is obviously not zero.

[Anonymous No.30064299]

Based DFT.

[Anonymous No.30064332]

>>30063712

Obvious who you are from the TG as well.

I have replied there but I'll sat it again, by doing nothing with your tokens they are at 0 risk. All you are doing is interacting with a smart contract.

There is no risk of impermanent loss, collateral depreciation, loans defaulting, rug pulling or anything like that.

I don't know why you keep harping on and on about generating economic value like we're fucking cotton picking or something. This is crypto and people literally sent a coin named after food 1000x on a centralised Chinese exchange.

This is a $2m marketcap which will allow you to generate passive income from ERC-20 tokens which you otherwise cannot do anything with.

>>30063959

This has been explained entirely. Also things like proof of stake do NOT generate ANY economic benefit whatsoever. They provide a security benefit, but no economic one. I literally cannot understand the persistence of this argument.

[Anonymous No.30064404]

>>30064230
You're right. I meant farming tokens and DeFi.
Blockchain can definitely generate value through innovation.

[Anonymous No.30064522]

>>30064332
>REDDIT SPACING
Immediate sell sign

[Anonymous No.30064553]

>>30064332
Okay what about the rest of my fucking argument you retard

DFT doesnt pass the most basic sniff test

Transaction fees on a SINGLE token can never produce enough money to support staking on THAT token alone, much less ANY token as promised by Anystake.

We're not talking "blah blah it'll work fuzzy math". We're talking about orders of magnitude off. It's like saying "I'll pay for battleship with my lemonade stand."

[Anonymous No.30064573]

>>30063982
Okay it's pretty obvious you have been hurt by this project personally. I don't know who you are and I haven't been in the TG discussion but I've been there myself. It's easy to get resentful of projects if you make bad trades or they don't perform as you expect.
Your arguments fall flat though.
>not every crypto or taking cryptos are scams

Explain one farming token that just makes money for it's stakers, non ponzi style of course.

DFT actually adds a utility in the sense that you can virtually "farm" any ERC20 yo. So at least it's got a bonus. And please don't be too upset if it actually breaks $200 a piece, because I genuinely think that's possible given how irrational crypto is.

[Anonymous No.30064611]

>>30064332
>I don't know why you keep harping on and on about generating economic value like we're fucking cotton picking or something. This is crypto and people literally sent a coin named after food 1000x on a centralised Chinese exchange.

[Anonymous No.30064672]

>>30064332
Again, HOW do you "generate passive income from ERC-20 tokens"?

There's a reason why a project like this doesn't exist already: it's magic beans. It has no feasible way to actually work

[Anonymous No.30064692]

>>30064033
Ahhh so it is like goose!

[Anonymous No.30064948]

>>30064672

Why are you asking the same question which has been answered multiple times.

Are you okay, anon?

[Anonymous No.30065111]

>>30064573
>DFT actually adds a utility in the sense that you can virtually "farm" any ERC20 yo.
The rewards come from ponzi style economics
>yo
liquidity farming on uniswap offers a service, the liquidity right? Don't know much about farming to be honest, but there's only two options here
1. you're clueless and low iq
2. you're defending a scam on purpose maliciously, like your ANON DEVS

[Anonymous No.30065133]

I fucking knew this shit was too good to be true. There’s no borrowing or lending system that’ll provide collateral or leverage. This whole coin is literally LITERALLY dependent on people buying into it. Sell pressure gets too high or people stop buying and the whole thing shuts down. What’s the point of staking coins other than DFT if you only get paid in dft?
>you can stake ANY coin and your rewarded with dft from the fees. But it’s not a Ponzi scam cuz the devs locked liquidity.

Give me a break. Everytime you explain the system it just looks like a Ponzi to me.

[Anonymous No.30065165]

>>30064672
>Again, HOW do you "generate passive income from ERC-20 tokens"?
well thats what you should tell us, right?
where is the rewards coming from on defiat

[Anonymous No.30065187]

>>30064948
You devious faggot, its because you aren't giving him an answer

[Anonymous No.30065317]

>>30065165
ah nvm, thought I was replying to someone else
yea this shit reeks of curry

[Anonymous No.30065390]

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[Anonymous No.30065566]

So if Defiat doesn't *do* anything with the staked tokens, why not have the DFT platform but simply charge an entry and exit fee that gets distributed to people who stake DFT? The reason why you buy and stake DFT is because other people will buy and stake DFT, which will cost a fee which is redistributed to stakers of DFT. It's the same thing, just without the needless step of staking third-party coins since they don't contribute any value to the network?

[Anonymous No.30065650]

>>30065390
>>30065317
And your dedication to fud makes me wonder what your motivation is.
I see an extreme potential in this low-cap project in the mids of a bullrun. You're not buying, too shady, I get it. But do you really not see the enormous potential too?
The market is crazy, if you've been in crypto for more than 1 month you know that. Just get on with your life OR continue to gamble in crypto to win big.
Just because you state that this is just one of thousands risky bets in crypto won't change the fact that this can still 50x.

[Anonymous No.30065778]

>>30065566
Yeah now you guys just look really desperate to get back into lower prices. It's still a good buy in price now I'd say but you will still try the same cheap tricks when DFT is at $100 and beyond.

[Anonymous No.30065889]

>>30065650
>>30065778
>I've been found out!

[Anonymous No.30065969]

>>30065778
There's no doubt that DFT can absolutely pump to $100 and beyond, for sure. But its going to zero ultimately. Its a game of musical chairs because there's literally no utility provided by the platform. Gamble if you want, but make sure you get out before the inevitable crash and burn. Defiat offers literally zero utility and has no reason to justify its existence beyond its ability to attract more players into its casino.

[Anonymous No.30066336]

>>30065650
risky bet?
It's a pnd / scam / ponzi , is what it is.
You're going to dump on the newfags.

I know the market is good right now, my coin I'm holding since december has gone up 4x so far.

There's no potential in your coin, only as a quick timing of the pump and inevitable dump.
It's a very bad bet, with lot's more to lose than win.
Good luck getting new (((stakers))) when you've been exposed now.

[Anonymous No.30066417]

The people who are defending this coin so hard don’t actually understand the words that are coming out of their mouths. We accuse this coin of being a Ponzi, they get defensive, and then proceed to essentially just tell us it’s a Ponzi without even realizing it. This coin does absolutely NOTHING but reward buyers with the money that newer buyers bring in. That’s it. It’s gonna be a race to see who can cash out first cuz the last one to cash out will be stuck with some useless bags.

It’s actually insane. We “stake” and then we’re paid with the fees from the reward pool of people who bought or sold. What happens when someone stakes but nobody is buying or selling and they’re just holding?

[Anonymous No.30066450]

there's no more valid arguments to be had here,
these are confirmed pajeets.

[Anonymous No.30066573]

>>30064057
Staking isn't a new concept bud.

[Anonymous No.30066647]

>>30066417
It actually makes me seriously concerned about how catastrophic the coming DeFi bubble burst is going to be...it all just screams of "this time is different", and "its a new paradigm"!

[Anonymous No.30066784]

>>30066573
yea haha.neither is a ponzi scheme kek

[Anonymous No.30067172]

green ids are now officially dft chads

[Anonymous No.30067243]

>>30066647
It’ll be absolutely horrible. There’s more scams than there are legit projects in crypto right now. Even the “legit” ones get pumped and dumped. I came in 2017 after the crash and all you saw were legit discussion threads about Bitcoin and link and shit. But now we have shit like ducking goose, slave coin, Pepe coin, and now dft.

It’s disgusting and normies are gonna get burned, if they haven’t already, and they’ll sell. Crypto will dump into the toilet and we’ll be recovering for maybe 5-6 years. And that’s assuming the government doesn’t decide to try and regulate it after lawmakers see how scummy this shit is

[Anonymous No.30067248]

I am curious about this. If I stake a coin, how does that work normally? What is staking and how is the profit generated? How does this coin interact with that? How can you stake link on the dft website and make money? Is it really only useful if the price of dft goes up? Will it only be able to go up if other people buy it? How is that not a pyramid scheme? Is that how all crypto works?

I feel so old, wish someone had a simple way to explain all this shit. Anystake and second chance seem cool, but I don't understand it. The website is very nice, the tg has been friendly, it's a small mcap, they have relocked their liquidity, paid for a hacken audit, and I am interested in this coin, but I am a Boomer and don't understand what it...."does"

[Anonymous No.30067366]

>>30066573
Didn't say it was. Anystake is a product in itself and doesn't equal to just "staking".

>>30066336
Alright, then we just have completely different estimations. It's not worse than that newbie.
To me, this is the best risk/reward ratio there is right now in crypto. We will see who's right eventually, stay tuned and stop being so mad all the time.

[Anonymous No.30067538]

>>30067248
There's nothing to explain, anon. You figured it out. There's no magical missing piece of the puzzle. It is NOT how all crypto works, though. There ARE cryptos with intrinsic value because they provide real utility and economic value. Defiat is unironically an actual pyramid scheme. You figured it out. Don't waste any more time trying to doubt your conclusions because your intuition and reason is fundamentally correct.

[Anonymous No.30067564]

>>30067243
This is the reason I've hated DeFi from the start (last DeFi bubble). It's literally ruining crypto and crypto's success imo since so many shit projects are diluting the space and spreading money out so much that it all looks (and by many means are) a total fucking ponzi joke.

Doesn't mean I won't try to make money off it tho. I just fucking hate DeFi for ruining crypto.

[Anonymous No.30068079]

>>30067564
I’ve made 20K this past month from all the scams and I’m honestly content. No more buying in until the crash which will come in like 5 months. I guess that’s the beauty of crypto tho. There’s nobody looking after this shit so we can all just scam each other without legal action.

This crash will be a disgusting bloodbath, but we’ll bounce back stronger than ever

[Anonymous No.30068096]

>>30067366
>>30067564

You got some shit going on in your head.

But yes a lot of defi is a joke. People are buying 'pancake' and 'doge' and they don't get ANY hate like this whatsoever. But as soon as some developers try to do something decent these guys come out of the woodworks?

Think about that. Think about the motivations of these people for desperately talking DFT down, but not whiteknighting against all of the garbage on Binance Smart Chain?

Surely it is obvious that they just need the price to go lower. They were so used to the downtrend and comfy with it, now they're stuck.

[Anonymous No.30068270]

>>30067538
Well, what would be an example of a crypto with intrinsic value that I should invest in, instead? The only other one I'm looking at is rubic, but I barely understand that one either.

[Anonymous No.30068755]

>>30068270
Well, take for example Gather (GTH). That is a platform that will generate revenue for online sites by harvesting the latent processing power of their users. This hashrate will then be sold to clients at a discount to what AWS charges for cloud computing. Websites enjoy monetization without having to bombard their users with ads; users get to enjoy a site without ads; and commercial clients can bid on hashrate at a discount. The platform utilizes the GTH token for network security (nodes require it because it is partially a POS consensus mechanism) and network fees are denominated in GTH. Therefore, to the extent that Gather generates real utility the GTH will have real economic value.

Compare that to Defiat... user stakes coins to Defiat for no reason...pays to do so...and then receives a portion of the fees that subsequent users pay to enter or exit the platform. Its just a game of musical chairs. You could replace the staking of tokens with the staking of old newspapers and orange peels, it would be the same thing. There's no utility or reason for the existence of Defiat.

[Anonymous No.30068803]

>>30068755

Boring.

[Anonymous No.30068872]

>>30068270
Unclear, but maybe look at IOTA or Filecoin or something like that. They try to use their tech for "real world purposes" like verifying documents, votes in elections, tracking Covid etc etc. So that might be something with a value similar to other services.
Then there are a ton of "payment" coins like Nano that aim to be currencies but let's be honest no one is going to accept them as their special currency. They might succeed among many others tho.
My personal favorite is XSN. I think they build cool tech but many would argue that too so go have a look see yourself.

[Anonymous No.30068931]

>>30068755

I could literally make the same argument for Bitcoin. There is no reason for Bitcoin to exist. It is just a game of musical chairs. It could me any token, could be BCH or BSV. People buy it for no reason. They could buy anything. It's just speculation. Yada yada yada. You're never going to get to buy in at $6.

[Anonymous No.30069162]

>>30068803
What? That was actually interesting. I hate ads. If nobody can dispel this fud at least a little bit I'm buying gather instead. Wtf

[Anonymous No.30069265]

>>30068931
Try to make an exact copy of bitcoin. No one would buy it because of exactly what you are saying. But do it *first*, like Bitcoin, and that's different

[Anonymous No.30069378]

>>30068931
If you think that all cryptos are fundamentally just a game of musical chairs then you're missing the boat on your chance to get in on the next Amazons, Googles, Paypal's, etc. You need to learn how to identify platforms that provide real economic services, utility, or value because there are lots of them.

[Anonymous No.30069437]

>>30069265

This is the first protocol that will allow you to stake theoretically any ERC-20 token and earn passive income. It is the first.

I wonder what the yfi threads were like at first.

Enjoy your Gather. I am pretty sure this is a poorly constructed Gather shill now.

[Anonymous No.30069568]

>>30069437
>earn passive income
From what source?

[Anonymous No.30069572]

>>30069437
But WHERE is the passive income coming from? Where exactly?

[Anonymous No.30069614]

>>30069162
I've been dispelling the fud all along. I get the arguments and they hold value but my point is that they should be aimed at farming and DeFi as a whole and not just DFT. But as we've seen, many "silly" DeFi projects have gained enormously (as in 100x+) and I have good reasons to believe DFT could be next up.

Don't hate the coin hate the game, you'll never see these types of gains with projects like Gather and IOTA (or very much less likely anyway) because of their Market Caps. And not unlike stocks, low caps come with a greater risk and greater rewards. How much are you ready to gamble?

[Anonymous No.30069708]

>>30068931
Bitcoin isnt designed with staking in mind
It's value is based on speculation, and can be called a bubble too,
But it's built as a ponzi by design unlike defiat, and bitconnect
bitconnect failed hard, bitcoin is stronger than ever

[Anonymous No.30069730]

>>30069614
So your point is "well these scams have mooned, why shouldn't our scam?" Thank you for finally being honest. Now kindly kys

[Anonymous No.30069819]

[Anonymous No.30069914]

>>30069708
Meant to say
Bitcoin is not built like a ponzi by design,
Unlike defiat which is
You should be comparing your scam to bitconnect, it's a spitting image,
Not bitcoin

[Anonymous No.30069940]

>>30069568
>>30069572

You both know this, this has been explained.

[Anonymous No.30070025]

>>30069708

Defiat is a ponzi just like Bitcoin.

Wow, you have unbelievably checkmated yourself.

[Anonymous No.30070183]

>>30070025
Now you're just being petty
Your scam is exposed Kritesh

[Anonymous No.30070195]

>>30069940
It has been explained. It's a complete ponzi. And you're a retard

[Anonymous No.30070613]

>>30069730
And your point is what? That that is not the case? You think farming in crypto is legit?
You need to lower your blood pressure. At least I'm being honest, not just spewing words like you. I've also been around enough projects that it's clear (TO ME) that DFT is one of the golden nuggets. They actually produce novel code and a lot of new inspiring "products" (if you can call them that haha) into the space such as the regulator contract, Anystake and 2nd chance. Which is way better than other projects that 100xed. So yeah, they got a bright future in the system (DeFi) that is definitely a ponzi if you are critical about it. And guess what, so are the banks that for every $1 they posses can lend $4 to their customers. And they are still around. Makes you think.
I don't think DeFi will last for long over all so I'll be out after $100-200 DFT. Hype - Bubble - Crash is the name of the game.

Also good luck with your investments everyone in this thread. I'm definitely betting on DFT to gain a ton as you've probably seen. You may not and that's ok with me but at least try to have a grounded understanding of the space and its risks.

[Anonymous No.30070755]

>>30070613
>You need to lower your blood pressure
Ironic, you are having a full meltdown rn. Enjoy your scam, I sincerely hope you lose a lot of money on it :)

[Anonymous No.30071047]

>>30070755
Or I'll make millions and you'll be hella pissed about it, could happen.
I'm really just explaining my thought process and if you got so much problem with that then that's your problem.

[Anonymous No.30071356]

>>30069614
lmao dude you have done nothing to "dispel the fud"

There's only two options: either you know that DFT is a ponzi and you desperately want other people to buy after you, or you actually think DFT is a magical black box where someone buys the token, "stakes" it, and money comes out without any understanding of how

For the 8 millionth time, liquidity farming has a clear income stream, lending has a clear income stream, node validating has a clear income stream. This project has no income stream that isn't YOU

[Anonymous No.30071513]

You guys explain the function of the coin, we explain why it’s a Ponzi, and then your proceed to just repeat the same talking points as defense. This coin doesn’t actually do anything.

It *might “moon”and if it does it’ll be a bubble and then it’s a race to the bottom.

[Anonymous No.30071818]

>>30071513
Welcome to crypto.

>>30071356
Last line was really funny.
Look man, you might be right about everything but I still have my reasons to believe this will perform big. I never said it would change the world because I think it's as much doomed to fail as the other money printing machines in crypto. But that's for a later date. Now enjoy the ride and let's see in april who was right about what.

[Anonymous No.30072405]

>>30071513
That's because through its function we can determine it's not a ponzi, duh.

[Anonymous No.30072693]

>>30071513
Its pretty wild, this has been an eye opener for me I had no idea how truly fucked up DeFi is until now. It's literally to the level of, "why yes, yes it IS a ponzi scheme, that's why I'm invested!" This is what a bubble looks like from the inside, right before it pops, anons. We might have until the summer, but this is going to end with nuclear obliteration in the end.

[Anonymous No.30072709]

>>30072405
How tho. People are paid with the fees that new buyers bring in. Literally just a fucking Ponzi. I understand that you can “stake” any erc token. But the tokenomics just scream Ponzi scheme.

How is it *not a fucking Ponzi.

[Anonymous No.30072845]

>>30072709
Replace stacking of ERC-20 tokens with staking of lemon peels and old socks. What actually changes? Literally nothing. The staking of the token is just a way to shave some money off it, redistribute it to DFT stakers, and then hope that more fresh meat comes in before the scheme collapses.

[Anonymous No.30072876]

>>30072845
staking*

[Anonymous No.30073230]

>>30072845
Precisely. There’s no point in staking anything other than DFT cuz you’re paid with dft. They can literally eliminate the “stake any token” part. This is no different from all the food coins on bsc. The people are so defensive cuz they all they see is moon potential, they don’t give af that this will crash and burn very very quickly. Kids are retarded but whatever. It’s their money.

I put $100 into this and I’ll see where it goes. 4chan might hop onto this, make threads to make kids FOMO and pump and dump it like they usually do

[Anonymous No.30073467]

>>30073230
Oh there's definitely potential for this thing to moon, but only because so many people unironically belief it is a magic black box that prints value from nothing. Too much stress for me though, its impossible to time a top and liquidity could vanish precisely when you decide to get out. I would literally rather take my money and go play poker with it.

[Anonymous No.30073511]

>>30073230
Weren't you supposed to earn at least some % in the staked ERC20 token too? That was my impression but haven't checked lately.

[Anonymous No.30073617]

>>30073511
Yes. Which is derived from the fee paid to stake the token. So again, 100% of the staking rewards, either denominated in DFT or the staked ERC-20 token, are derived from investors entering or exiting the platform...so again, 100% literal ponzi scheme.

[Anonymous No.30073750]

>>30071356
The devs are currently working on AnyStake. From what I’ve read they still plan on adding new things to the ecosystem so if you actually want to be apart of the project I’m sure you could propose something and have a community vote. I don’t think you and everyone should ramble when we haven’t even seen the product yet.

[Anonymous No.30073765]

>>30073467
Noo dude don't do casino pls, the reason we're all in crypto is because it's just like gambling, but with the odds on our side for once!
Well ok poker isn't exactly gambling, you may be good at that but in the end it's all a numbers game.

[Anonymous No.30073909]

>>30073617
I know, you made that clear many times and I agree. Still prime for the moon due to it's legitimacy in other areas (than fake stakenomics) combined with an irrational market that actually buys into food-coins and what not!

[Anonymous No.30074172]

>>30073909
Yup, you're not wrong. You're the only one who seems to get the game they're playing though. You realize you're playing a game of chicken with a train, everyone else thinks the train is going to stop and they'll have a chance to board. You at least will know that you need to jump out of the way at the last minute (if you can time it right), everyone else will be laughable plowed down.

[Anonymous No.30074282]

>>30073765
>>30073909
it's insane watching this stockholm syndrome in real time

dude, sell this shit and just buy bitcoin. at least btc will be worth something in 3 months

[Anonymous No.30074826]

>>30074282
I know, you're right. My problem is that I had 2 fucking BTC (value wise) from the first serious XSN pump but never traded them for actual BTC and got rekt. Now I'm really hoping to recoup that stupid mistake with DFT so I will be able to have at least 1 or 2 full BTC because that is the end goal. And maybe a 32ETH staking node.
And so I will continue gambling for just a little longer, chasing artificial dreams.