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Blog iconGeorge Salapa
Apr 11

The new base layer of the monetary system.

The dirty little secret of smart contract blockchain powered micro-economies that we like to call DeFi is that they are remarkably reminiscent of a Ponzi scheme .. a Ponzi scheme with incredible future potential, but nevertheless, in its current state, a Ponzi.…big operating system powered by crypto tokens, for the purpose of moving around… crypto tokens. — Lyn AldenThey have no connection whatsoever with anything productive in the real world. To the extent, they are able to pay high interest...

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