Having spent over a decade immersed in the cryptocurrency space, I’ve seen countless projects make grand promises—many touting revolutionary returns and cutting-edge decentralized technology. Today, however, a trend has emerged where “Bitcoin DeFi” or “BTCfi” projects present themselves as decentralized marvels using slick dApps, crypto lingo, and smart contracts. Yet behind the scenes, centralized actors […]
Source: https://news.bitcoin.com/beware-the-bitcoin-yield-and-btcfi-larps-a-veterans-cautionary-tale/