RE: DeFi Minting Millionaires
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Without a doubt, it is a very exciting industry and fortunes are being made every day.
From a personal temperament and risk profile perspective, much of that water is a little too hot for my comfort zone. Maybe that's related to being a much smaller investor and really not being in a financial situation where any kind of significant downside is acceptable. "Never invest more than you can afford to lose," as the saying goes.
The thing I find interesting — to say the least — about the whole DeFi craze is that people are out there chasing yields in the hundreds (if not thousands) of percent and yet so many look at inflation as the giant bugaboo that will kill everything. There's something about the disconnect between the two that's a little dodgy, to me. But maybe I'm missing something...
=^..^=
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Most people are clueless about inflation. They simply keep espousing stuff they read online and think they have some idea about the economics of it all.
You are absolutely correct, the payouts for these projects are coming from inflation yet people over look that.
Yet when the Fed prints money, they are screaming to high heaven.
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