We don’t need a chain for a chain’s sake, if

Question

We don’t need a chain for a chain’s sake, if

we keep moving the goalposts and destroying our legacy systems then we will push out any community that tries to grow. Staking is just the new thing but it shouldn’t mean that all the stuff we have been building is going out the window and all the vaults and delegated smart contacts become obsolete. That would destroy the financial systems that we have created and then what’s left?

#cryptocurrency #english #tezos

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31.08.2024

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socks mcgee Автор вопроса

Konstantin D
These financial systems are worthless, it's a zero...

That’s incorrect. Collateralizing your assets to be able to borrow against it and paying interest into the protocol and also having liquidity available in open markets to trade into and out of positions is not a “zero sum game” there is a need for this liquidity and for these use cases and breaking all that stuff for the next idea is going to fragment the community further and push people out who put a lot of time and money into this ecosystem.

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2 месяца назад

Konstantin D

socks mcgee
That’s incorrect. Collateralizing your assets to b...

This can exist separately from delegations.

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2 месяца назад

Cryptonio.tez

socks mcgee
That’s incorrect. Collateralizing your assets to b...

As Konstantin said this doesn't require delegations. I am genuinely curious as to what value do you believe ctez ovens currently bring to the ecosystem. And I mean besides the leveraged delegation rewards that they are being used for now (and only by a handful of people that understand how it's done).

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2 месяца назад

Konstantin D · Accepted Answer

Konstantin D

These financial systems are worthless, it's a zero-sum game.

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2 месяца назад

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We don’t need a chain for a chain’s sake, if

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