Right. And assuming there's a major flight of capital into

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Anchor Protocol

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Right. And assuming there's a major flight of capital into

other assets the remaining system is entirely unaffected and in no danger whatsoever?

#anchor #cryptocurrency #english

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31.12.2021

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Same as any ponzi, which will work until more money gets out than gets in. In a world where you can borrow at significantly lower rates paying 18% for borrowing seems counterintuitive. In order for some people to receive interest said interest needs to come from other people. Suppose the discussion about what the "value" of something is quickly gets into semantics, but I've yet to see how any of this can work unless someone buys, and keeps buying, ANC for money. Especially considering Anchor's own chest is filled with something they've created themselves.

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31.12.2021

Marco Widgetsmith

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Same as any ponzi, which will work until more mone...

That makes zero sense lol

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31.12.2021

AJ

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Same as any ponzi, which will work until more mone...

You just described the world banking system The moment governments stop the influx of cash, banks go bankrupt. It’s pretty much the same in crypto, anchor or any other protocol: you create more “utilities” to attract more people and get more funds on your platform.

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31.12.2021

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AJ
You just described the world banking system The mo...

Yes, pretty much how I've been looking at it. Although I don't think we can actually entirely honestly compare Anchor to a bank. But in principle, sure.

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31.12.2021

Marco Widgetsmith · Accepted Answer

Marco Widgetsmith

what would the risk be? If people remove their funds from Anchor, the only thing that will change is the APY

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31.12.2021

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Right. And assuming there's a major flight of capital into

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