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RE: DeFi Is Going To Change All Of Finance

in LeoFinance4 years ago

I agree with much of what you're saying. I remember those dot.com bubbles. My firm helped bring some of them to market. A few were okay. Many were crap. So i do see the parallels of crypto especially during the ico hype cycles and those ipo's.

However, crypto has managed to do something even they didn't do. Once they failed it was pretty much an era over. Crypto goes from ico's to nfts, to every year its like they revive this bad behavior. I wanna say in some cases its useful tech. I'm not sure if its just more of the same spinning of different narratives.

All i can say about the future is that it's hard to predict sometimes. I remember as a kid all i could think about was zipping around in flying cars. Well here we are still not flying around in cars but we have all these autonomous vehicles and for some weird reason i just never thought about that. I always thought about us piloting a flying car lol.

So i've gotten to the point now unless i'm Ray Kurzweil i don't go too far out with predictions anymore, lol.. So yes i see the parallels i'm not sure though that means these crypto projects we hvae today are going to be that or we just may get something completely different.. some blockchain hybrid some new algo. We may get something completely unexpected. So i'm still not ready to say its per se any aspect of what we seeing now. There are talks of projects and ideas outside of the scope of what we doing now. So i try to proceed with caution with this. However when i do see something i don't like i do try to bring attention to it. Talk about its dangers and concerns. So people can be mindful of that. Although i know many are hardcore gamblers lol.. I just feel it responsible to go on record as one of the people who was warning them about certain things so i can sleep at night and not bare any responsibility in that.

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