FUD FAQ | A Weekly Community Thread | Week 14
FUD FAQ | A Weekly Community Thread | Week 14
Top Question of the Week
• Is DeFi about to collapse or is it on the cusp of massive growth? How about a little bit of both?
Well, let’s unpack this. There’s been a lot of chatter lately of rugpulls, bankruns, code exploits and yields crashing to tradfi levels. How much of this is FUD? Really, it doesn’t matter. It’s the wrong question. That the chatter exists at all points to something more worrisome. It points to traditional finance and centralised systems finally waking up to what’s happening and racing to catch up. We like to think that our enemies aren’t as smart as us but really they have different incentives and might not even see themselves as enemies, but rather us as the ones who are too naive.
Ultimately, proof will be in the markets in which model out performs the other. If we are to survive long enough to be on secure footing in terms of power and governmental leverage we must continue to accelerate the growth and adoption of DeFi, NFTs and web3. Because, ultimately, traditional finance owns all of the governments in the world and let’s not trick ourselves into believe that they will just sit there and do nothing. They will co-op DeFi just like they’ve done for everything else.
Unless, that is, that we continue to expand the lead through giving the majority of humanity a significantly stronger incentive to onboard than they have for maintaining inertia. We must grow exponentially with urgent awareness that we can run out of time before cefi catches up, triggering the collapse of the systems we rely on. We do this by giving far more people an outlet for their existing desires in ways that make the path to gain leverage entirely clear for them, in their own language. Because the promise of the old systems, that with hard work, determination, study, and a bit of luck you will get ahead, is broken at best. For most of humanity, across all cultural and economic segments, that promise is a lie. Work harder than anyone in the wrong direction, with the wrong incentives, and you still won’t get ahead. We need to be better in a systemic way that actually builds on antifragile systems. This means onboarding the 99% of humanity that have no idea currently what is going on with DeFi by appealing to them with the things that they already obsess over and consume everyday— Fashion.
Most Common Repeat Questions
• When does $DECO staking start for PODE holders as part of The DLTA system?
It starts this coming week. An official announcement will be made. Stay tuned!
Top Controversies in the Industry
This is interesting, especially given that it sits right at the heart of the Esports industry. But c’mon, “save the kids”, who couldn’t have seen that one coming. It is kind of like believing a DeFi protocol called “buy token, get rich” would be really legit. Always DYOR.
Silly Fails and Trolling
Another Bitcoin maxi…
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