My take on this is that a couple of insiders, devs, and crypto-literate people will make a killing. The rest of us (regular users) have no clue what you're talking about. We'll be wasting time with questions on Discord and losing money with wrong addresses and transfers and on fees.
New users can't get even how keys and wallets work. Don't expect this thing to grow. It's way too complicated.
And where you'll find liquidity?
We have a couple of coins available.
That's my oldtimer rant. Now I'm heading back to my cave. Have some leftover bones to chew out.
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I appreciate that perspective here, but I disagree. The goal of everything built within the LeoFinance network serves two primary purposes:
DeFi is definitely not for everyone (in fact, you can pull defi directly out of that word). It can be incredibly complex to navigate, especially for people who are not familiar with it.
Speaking from my personal perspective here: Over the past 6-10 months I have built a portfolio of DeFi coins and I am now participating in a wide number of pools in this space. More than 20% of my entire crypto portfolio is now allocated to DeFi-based blockchains/coins/liquidity pools.
With that in mind, I believe DeFi is absolutely here to stay. Just as buying BTC got easier with time, so too will DeFi.
Cub on BSC will be an amazing playground to teach our existing userbase how to use DeFi-based platforms to construct a portfolio of liquidity pools and incorporate the amazing qualities of high yield and deterministic risk into a well-rounded crypto strategy.
Will some people lose money to x, y, z reasons? Quite possibly. I think all of us have lost some money in crypto one way or the other.
The amazing thing about LeoFinance is that we're not a DeFi project. We're not even a blogging project. We are a blockchain-based community and we've already got some amazing applications under our belt. This means that if you don't want to do DeFi, that's perfectly fine. You can keep blogging, curating and engaging here on LeoFinance.io. Others will join you in that. Others will only do DeFi. Others will do both.
This got long winded real quick but I have seen a similar perspective shared elsewhere so I hope this can help to just outline the thinking behind LeoFinance's moves. We'll keep building applications and use cases with the above 2 goals at the core of everything we do. It's up to the users to decide which apps and use cases to participate in 🦁
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I agree with the necessity and wisdom of building DeFi. It's also great that these tokens will be airdropped to the community. This is something I greatly appreciate.
I think anyone who has a stake in LEO will make a killing here given some time. I'm extremely grateful for this torrent of airdropped tokens incoming soon.
The key is not to rush things. I think the best policy is for everyone to calm down and take their time to understand the key points. I'm glad you're paying attention to how the tutorials are written.
We have a great platform to discuss these things and help one another to understand how to navigate in this rapidly expanding space. We don't have to go to some crappy random forum somewhere talk about this stuff - without getting paid to do that, for crying out loud! :D
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I'm one of those people. Not entirely sure wtf you just said right there but it sounds like super interesting to me.
I'm one of those dumb users who've lost crypto sending it to the wrong address, but I did that back in 2018 on Steemit. Its easy to make mistakes but I think a lot of people in this space are willing to make a few mistakes to learn.
I kind of get what @oldtimer is saying as well because I feel like im talking to brick walls anytime I talk to most people about HIVE and the social blockchain world. But there are a few that do listen.
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I fully agree with this. On top of all that I have mention the ability of this whole thing to be a huge marketing move. We are almost living in a silo in HIVE. Having more Tokens related to HIVE on other blockchains is actually a great way to get some attention from other communities in an organic way.
There are already many users who came to HIVE because they wanted to play @splinterlands. This is exactly what I am expecting with these Ethereum and BSC integrations.
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20% in DEFI - hopefully most of that is in stable coins on ETH!
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I’m kind of lost. I find Defi so complicated. I wish we could just earn hive. So much transfer here, move there, click this, stake here, chose that, take photo of your drivers liscence, passport, blah blah blah..
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It's free. You don't need do anything differently to use LeoFinance. If you don't want to mess with it then don't
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Ok. That awesome. So no need to do anything on BSC.
To claim the airdrop yes, but it's not necessary to do what you've been doing. edit: stuff changed so look out for new post
My thoughts exactly. There are too many different projects, tokens, on different blockchains. I just hope that documentation/tutorials are written by non-developers because it will be hard for the regular users to understand how things are working.
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My humble words:
"How the defi space is growing, it will be unwise not to participate in any of the project. Considering the risks of fraud et cetera, I'd like to engage with the project I already know and trust instead of taking risk on a project with unknown team. At least, this would be the safe space for me to learn about it."
Posted Using LeoFinance Beta