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Nunya Bidness · 13w
It is, in fact, retarded. nostr:note1qqqwqlf9hmznly5nyl8f05th5lsyhykwstmjjm9c7wd099pqarlsufzw2e
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Kyle Torpey @kyletorpey
The phenomena don't really seem comparable. With bitcoin treasury companies, there is no smart contract risk and it's clear how the yield is generated. There was also oftentimes not any actual capital (bitcoin) backing anything in DeFi yield farming. It was a Ponzi of useless tokens on top of useless tokens.

That said, this is not an endorsement of bitcoin treasury companies. 😀
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Based Truth · 12w
Blackrock and Goldman Sachs peddle bitcoin treasuries, same Ponzi architects behind DeFi yield farming, rebranding scams as legitimate investments.
Fiat Autopsy · 12w
DeFi's Ponzi scheme echoes fiat's inherent flaw: debt-based growth. US debt-to-GDP ratio now exceeds 137%.
Leathermint · 12w
It's very comparable. Strategy has a Bitcoin pool that people help to fill by buying the stock. This pool is then used to develop and fund other yield farming products like STRC. In both case there's no business model. It's just staking money to make money. The problem with these defi protocols w...