There are people who are willing to risk 100% of their money in defi protocols for 3% APY, hoping that increasingly advanced AI models won't find any exploits in the lending protocol, in any of the collateral assets or bridges that utilize the collateral assets, even though that has been happening on an almost monthly basis for the past 2-3 years
>>62184157Some of this money is from regions where they have no access to better financial products such as US stocks. Other is from people who have a massive distrust of the trad financial system and so would take that risk to avoid having money in the bank.
>>62184173Stablecoins can be held in cold wallets, since 3% yield does not justify all the risks. US stocks can be traded on hyperliquid, which is arguably much safer than defi protocols since there are numerous attack vectors besides the protocol itself that leaves your capital at risk (see the recent kelpdao/rsETH incident almost bankrupting AAVE despite AAVE not doing anything wrong)
>>62184157Why is Bam’s appearance so unsettling? I guess he looks crazed and violent, but seems pretty chill irl.
>>62184237he's only 23 in this pic
>>62184157half the global population is dumber than the average person you see on the street
>>62184621When you take the global population-weighted average into account (not the politically correct bullshit where every country has a 100 IQ average), the global average is closer to 85. Considering I live somewhere with an average IQ of 102, approximately 87% of the global population is dumber than the average person I see on the street
>>62184157you're a retarded nigger
>>62184682Did you miss the part where DeFi protocols had to unite and donate to AAVE to keep them from imploding, and that you couldn't withdraw your stablecoins for like 5 days because there was no liquidity left? That was after a measly $300M~ bridge exploit. Imagine if the next one is a billion dollar exploit and they don't get enough donations to cover the hole
>>62184685maybe...i doubt AI's role in this though
>>62184487Damn, skating is stressful
>>62184734Have you been asleep for the last few months? Claude Mythos was a gamechanger and it's only going to accelerate from here
>>62184773i doubt it.....i understand security is an issue, and probably getting worsei'm just saying i doubt AI as being crucial to this, in the present and the future
Sell property BC and ETH now!
>>62184782Security experts from all over the world have been writing about finding more exploits with AI in 1-2 weeks than they had been able to find manually in their entire careers combined. Usually not crypto-related exploits, because the people who find those are smart enough to take advantage of them instead of publicly talking about them. Are you scared of AI replacing your job or something? You seem to be in denial of what is actually happening
>>62184807>Are you scared of AI replacing your job or something? You seem to be in denial of what is actually happeningi don't have a job & you seem very dedicated to this shtick...
>>62184824I didnt realize you were a schizo. My bad
>>62184157>even though that has been happening on an almost monthly basis for the past 2-3 yearsAnd that's unironically a good thing.Let all the weak links fail, only the strong ones remain.
>>62184487
How does 3% in crypto staking or say even 7-8% in an etf/sp500 even stay ahead of inflation, capital gains tax and maker fees/gas? I’m just a dumb zoomer who doesn’t remember or know anything, but the pack of chicken legs was $6 when I moved out of mummy’s in 2017 and now it’s $16. If the price of diesel doesn’t come down soon, food will have done a 4x since then. Why shouldn’t a guy gamble wildly on the shitcoin casino instead of cutting your lifestyle to basically just lose money by the time you cash it out?
>>62184157no there aren't...it's all shills trying to get a single sucker to take the bait.
thats literally me. its probably not worth the risk but greed is a hell of a drug. i will never touch any non-onchain financial instrument besides a normal checking account
Meet flare
You know it's funny you're right. But I guess recently I made a lot of sells I shouldn't have and am now 90% in cash while the market is more bullish than ever. Could have 3xed in march on oil and tech, then 5xed in april on tech again.So it's really a clash of strategies- who is luckier, and will playing it safe be the smarter move, or taking outsized risk? So far, the risk takers seem to be winning.
>>62184807>>62184211You are genuinely stupid, for two reasons. If you believe smart contracts are so inherently insecure to never be usable, but instantly believe that the spaghetti code known as node software is somehow bug free, you simply don't know enough about this space to make intelligent analysis. Your blockchain is software just like a smart contract, do you understand? It is not a magical monolith. The other reason is that you believe retarded marketing script about Claude. There are countless zero days in modern software because it is written by fucking retards. Generally speaking hackers do not randomly and instantly exploit every zero day they find, because that would be fucking stupid. What AI does enable is quick analysis of public deployments, hence why we've seen a spate of exploits of legacy contracts, since AI can quickly see the gaping holes that fuckass retard developers left when initializing their contracts years ago. AI does not have the magical ability to make a contract insecure.
>>62186318Nothing like a to little way to late dead on arrival project.I have a bag of just over a million or so, but nothing is going to happen.
