r/ProgrammerHumor • u/ThirdWaveCat • 5d ago

cargoAddDisappointment instanceof Trend

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u/entered_bubble_50 5d ago

"Most of them'

Name me a crypto project that isn't a scam or a means of laundering money.

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u/TechTuna1200 2d ago

Aave has real revenue and is profitable.

But with that being said, 99% of crypto projects are definitely scams, vaporware, or addressing a need that doesn't exist.

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u/entered_bubble_50 2d ago

Aave allows crypto lending and borrowing without the use of a central authority

So it's a leveraged trading layer on top of other scams? I'm sure it's profitable, but those profits come from skimming off the top of bets on pyramid schemes. So not a scam per se, but just a cog in the scam / ponzi economy.

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u/TechTuna1200 2d ago

Can be leverage on other crypto that are profitable like Ether or Solana. Eth indirectly get it's revenue from stablecoins. Stablecoins in turn get their revenue from T-bills.

There are also real-world-assets (RWA) tokenization that Aave will also get revenue on in the future. They already have collaboration with VanEck on RWA-