Comments by "hedgehog3180" (@hedgehog3180) on "The Problems With DeFi" video.

  1. The reason people use crypto currencies as an asset is that they're all designed to act like assets rather than currencies. They're designed to have a set limit on how much currency can be issued and thus the value of the currency can basically never fall and thus no one will ever use it as a currency because the best investment is to simply not invest. That's probably also why crypto is so filled with scam, a large part is definitely a lack of regulation but the other half is that only scams can make enough money to justify actually trading away a crypto currency.
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  2. How is DeFi more accessible than regular finance? To participate in DeFi I need to at a minimum buy a computer and pay for the power uses to run it. In order to start my own bank I at a minimum need a safe place to store money, some paper and a pen.
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  3. The problem is that defi isn't.
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  4. Does energy consumption used to secure the network not come from the power grid or something? Do we not need to burn coal to produce that particular energy?
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  5.  @HamAndCheeze  You don't seem like a cryptobro so I won't accuse of being one but this rhetoric is the exact same that cryptobros use and that makes it sound kinda unreliable. If no one can tell me why I should care about crypto other than that it might be big in the future, and it's been like this for over a decade already, then I'm unlikely to trust that narrative. Especially when it's being repeated both by obviously untrustworthy individuals and people who don't seem as untrustworthy.
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