Sirwin
Sirwin

In DeFi, Are You the Sucker?

By jer979!! | www.publish0x.com/jer979 | 15 Sep 2022


There’s a great quote in the movie, Rounders, where Matt Damon’s character says:

"Listen, here's the thing. If you can't spot the sucker in your first half hour at the table, then you are the sucker.

<iframe width="560" height="315" src="https://www.youtube.com/embed/hZZwW10yTsc" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

I think DeFi, today at least, is very similar.

It’s a game that players play and it’s not designed to be fair for the average person.

It’s complicated, favors the rich, and favors those who have the time to devote to it.

It’s like a poker game. The pros are going to be the amateurs every time.

But, poker is supposed to be that way. It’s a game.

FAIR financial system isn’t supposed to be.

It should be a balanced playing field for expert and rookie alike.

One day, DeFi will be there.

Today isn’t that day.

How do you rate this article?

3



www.publish0x.com/jer979
www.publish0x.com/jer979

Explorations of the emerging crypto-economic models and their potential implications

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.