Season 3 · Episode 396
Are DAOs Real Business Models Or Ponzi Schemes?
January 22, 20226m 18s
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Have you heard of a crypto DAO?
They are decentralized finance protocols whose primary use case is still in the stage of getting figured out! Currently, it has people confused and angry, especially in the bear market we seem to have entered. Its core functionality, a staking scheme with never before heard of annual percentage yields (APYs) via new token mints, is believed to be unsustainable to the point of being fraudulent.
The question is - Are they true business models with a future or just another Ponzi scheme?
Let's find out!