Comment by reenorap
7 hours ago
Decentralized is a great concept but it’s 99.9% rug pulls and you can’t get any safety unless you centralize. As an investor there is no way to protect yourself because the rug pulls are several orders of magnitude more sophisticated than most people’s understanding.
> As an investor there is no way to protect yourself
Why? BTC is pretty stable longterm and nobody is going to touch your cold wallet. Anything that has an owner or legal entity is not decentralized, subject to either rug pull or censorship and shouldn't be touched, sounds very easy.
Everything that promises you any return is a scam in crypto, simple as that.