After delving deeply into the DeFi section, it has become clear why some commenters have advised against investing in value. In the past, whether it was due to prominent leaders or advanced technology, the project teams and venture capitalists would inflate the price, secure their profits, and then sell off all their coins. Once these coins were unlocked, the project was abandoned, leaving retail investors with little recourse. The core team would move on to their next venture, leaving individual investors high and dry.
Holding coins does offer some voting and governance rights, but these are often minimal in impact. Retail investors have limited influence—at most, they might vote on functions like token burning. However, such measures are often just rebranded tactics to shift the burden onto individual investors.
It turns out that what we are seeing with Web3 is a system where our investments are used to fund Web3 development, benefiting capital interests rather than retail investors. This system effectively uses cryptocurrency to extract value from the world, which is both disheartening and frustrating.
#Write2Earn! #MtGoxJulyRepayments #BinanceTurns7 #altcoins #BullBanter
