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Listen "Why Are DeFi & NFT The Most Criticised Aspect Of Crypto?"
Episode Synopsis
https://3speak.tv/watch?v=josediccus/tohwmysw
Traditional Systems are always nibbling at the controversial aspect of crypto and this is because of the validation that crypto is not flawless. Crypto is however not trying to prove flawlessness, after all, it's also a human system that's prone to greed and exploitation as well.
In this video I talked about how defi and NFT gained aggrandizing attention in the bull market of 2021 and without much of an impact, it became an aspect of crypto that was prone to hacks and exploitation.
However, we've seen countless criticism of crypto due to people who bought into scams and dangerous NFT projects without considering the utility and thinking they'll get back a resale value.
In this video, I thoroughly defined why NFT is never meant to achieve resale value just like other traditional crypto, but scam projects took advantage of the fact that it was one of the latest innovations in crypto to scam others. Defi experienced the same thing and I analyzed whether tnr crypto space was truly ready for this.
I talked about how the next bull market might experience another saturation and how people need to deal with it.
Interested in some more of my works?
Reviewing A $400 Samsung Galaxy A72 (photos Included)
Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
Traditional Systems are always nibbling at the controversial aspect of crypto and this is because of the validation that crypto is not flawless. Crypto is however not trying to prove flawlessness, after all, it's also a human system that's prone to greed and exploitation as well.
In this video I talked about how defi and NFT gained aggrandizing attention in the bull market of 2021 and without much of an impact, it became an aspect of crypto that was prone to hacks and exploitation.
However, we've seen countless criticism of crypto due to people who bought into scams and dangerous NFT projects without considering the utility and thinking they'll get back a resale value.
In this video, I thoroughly defined why NFT is never meant to achieve resale value just like other traditional crypto, but scam projects took advantage of the fact that it was one of the latest innovations in crypto to scam others. Defi experienced the same thing and I analyzed whether tnr crypto space was truly ready for this.
I talked about how the next bull market might experience another saturation and how people need to deal with it.
Interested in some more of my works?
Reviewing A $400 Samsung Galaxy A72 (photos Included)
Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
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