Anyone who has ever had to pay an unexpected (extra) fee or felt taken advantage of by their bank, which is probably the majority of us, might find the idea of eliminating banks from the financial equation very appealing.
However, there are a number of practical drawbacks to decentralizing your finances. The over-reliance on cryptocurrencies is a significant problem. Even “stablecoins” are essentially unstable. With this being said, I’m sick of these whales pumping and dumping even the stable ones. Which makes me wonder, how can one know which DeFi will have more success than the other?
To me, it seems that 2022 talk is based on Meta, NFT, Etherum-killers. With all this being said, it seems like this year will be hectic for crypto communities. Even while the market is still being stabilized at this moment, my bets are going towards the altcoins, and DeFi’s for the bigger industries. It’s amazing how people get creative with meme coins, fake coins, and crazy DeFi platforms.
I also started stumbling upon decent tokens with actual paperwork unlike some that are only based on hype. There is a peculiar one called Tangi, that has a cute ecosystem made towards the cannabis industry.
Maybe this year is just for observing how all this technology and platforms will develop, but then again don't want to be late on the market. Nevertheless, this is just my opinion or maybe I'm just hurt with my investments lol. Anycoins, what are your thoughts for 2022?
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