The decentralised finance club needs to make their core values poster bigger and easier to understand
We’re here in 2023 and they still forget that the core value of “not your keys not your wallet” is the equivalent of putting your cash under your mattress instead of using a bank and the complexity that comes with that is unavoidable.
You can get more people to use a mediocre product/technology by making it easy to use
People will use complex products/technologies if they are useful enough.
But these people can’t make it useful so they keep banging their head against the wall trying to make it more simple.
It is inevitable that they will try the even lazier route of deceiving people into thinking it is simple.
Nitter: https://nitter.net/evanvar/status/1699032296870015232
edit: changed title to reduce keyword matches in lemmy fediverse searches
PoolTogether a no loss lottery.
Essentially a savings account that enters you in daily and weekly draws to win. Prize draw is funded by the pools “interest” made in that week.
Need your savings again, pull it out and spend it… .
@beeng @Flyberius they reinvented… Premium Bonds?
Just did some reading as I’m not from UK and yes does seem like that. However does seem to me the Crypto version is a lot more transparent as you know your odds/expected APR and how many are in the pool and can be deposited/withdrawn by a click of a button, gov bonds are a bit slower and opaque in comparison. As the Crypto is just a blockchain app that does the calc with AFAIK a 1% fee, bonds from the government I don’t think they do it out of the kindness of their heart and the rate it looks is set for the whole month.
Bit strange I get down voted with no rebuttal. Seems a few people have a only 1 eye open…