>btc has outperformed defi
>if btc were to crash 90% or more, most defi positions (and possible stables) would go to 0
>even supposedly "low risk" positions would get liquidated; all value would vanish
>what is the point in defi? Why not just hold btc?
Explain

>>60510107 (OP)
>>if btc were to crash 90% or more, most defi positions (and possible stables) would go to 0
Source please

>>60510121
it's self-evident

>>60510107 (OP)
If your scenario plays out, Bitcoin is a ridiculous legacy tech from an industry that died as a fad, due to infeasibility.
In that situation, its price will go to zero, and people will just use gold gain.
Bitcoin needs to be part of an industry, the digital gold narrative has the word digital in it, and that comes with a hefty price.

Tether has been through multiple bitcoin crashes in 10 years and it remained strong throughout all of them

>>60510172
so it came to you in a dream

>>60510233
The industry fad died because all the (((teams))) are composed of faggot greedy cowards.
Instead of striving to give the common joe a independent financial system (you know, what BTC was initially made for) they instead look for governmental regulation and institutional adoption.

The thing is, both governments and institutions have ZERO interest on blockchain technology because it's completely irrelevant to them. They have the money, they make the laws, they don't give a shit to "financial freedom" because financial freedom is not something they actually even want in the first place.

ICP is a good example. That shit could have been the torrent 2.0 but instead they comply with all the power to be piracy and content demands and by that basically became a stupid product that performs way worse than any competitor.

>>60510107 (OP)
>what is the point in defi?
to short defi and long btc on chain

>>60510292
I don't know how this could be done without breaking the most important governments first.
These greedy minions will always demand total proof of source and total taxation.

>>60510239
This is like a BTC death scenario, sub 10k btc or lower. Would definitely spook most people out of stables - even if only temporarily - which would cause even more liquidations

>>60510107 (OP)
>altcoins