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Author Topic: Scam or not? yearns.finance  (Read 141 times)
akopov
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September 12, 2020, 10:53:12 AM
Merited by nutildah (1)
 #1

Website: https://yearns.finance
Twitter: https://twitter.com/yearnsfinance
Telegram: https://t.me/yearnsfinance
Telegram Channel: https://t.me/yfisann
Medium: https://medium.com/@yearnsfinance
Github: https://github.com/yearnsfinance
Bitcointalk: https://bitcointalk.org/index.php?topic=5275008

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September 12, 2020, 10:56:56 AM
 #2

I read somewhere any DeFi starts with "Y" is a scam :-P
/s





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Jawhead999
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September 12, 2020, 12:17:27 PM
 #3

I read somewhere any DeFi starts with "Y" is a scam :-P
/s
Agree because many people said YFI will beat Bitcoin in the future. I don't know why they can said like that, most of them only comparing with the price only [1]. Now this token worth $40,000 each due to pretty low max supply (30.000). But, the volume and market cap is very low rather than Bitcoin... it's pretty far to reach Bitcoin moreover to beat it.

Fraudsters this take advantages due to hype, it's why we see so many copycats of Yearn Finance (YFI) start with "Y" letter.



Quote
Scam or not? yearns.finance
IMO all forks is scam, just like BCH or BSV.


[1] https://bitcointalk.org/index.php?topic=5269856.0
[2] https://www.coingecko.com

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September 12, 2020, 12:52:57 PM
 #4

After the yfi all are seems suspicious already.

Agree because many people said YFI will beat Bitcoin in the future. I don't know why they can said like that, most of them only comparing with the price only [1]. Now
Im not against bitcoin but what yfi did is really an amazing process. Yield farming that actually let you earn is not bad. The problem lies are those copy cats assuming the same.

All of this works on the ethereum smart contract. Its not bad for people who do yield farming cause they actually earning profits with it than holding bitcoin? Maybe literally they are saying the idea is good for them. I noticed everyone dying hard to have that but I understand due to profit.





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September 12, 2020, 01:22:20 PM
 #5

Fraudsters this take advantages due to hype, it's why we see so many copycats of Yearn Finance (YFI) start with "Y" letter.
It's true that they only took advantage. I saw so many projects that started with "Y" insecurities continue to emerge and of course part of it was a scam they had planned to take advantage of.

When the hype occurs, they will take the opportunity, even I don't believe anymore if there is a project with Y and still I say Scam, if the real project will not imitate an existing project because it is a plagiarism and also takes advantage.

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TalkStar
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September 12, 2020, 04:45:31 PM
 #6

Agree because many people said YFI will beat Bitcoin in the future. I don't know why they can said like that, most of them only comparing with the price only [1]. Now this token worth $40,000 each due to pretty low max supply (30.000). But, the volume and market cap is very low rather than Bitcoin... it's pretty far to reach Bitcoin moreover to beat it.
Just save their prediction related screenshots on your computer who are giving this type self made price prediction about bitcoin and YFI. I am damn sure that very soon they will change their words like the always do. With a total supply of 30,000 token its easy to create hyip in the market but keeping the price stable is another thing. After seeing people's craze about YFI most of the old ICO scammers are now preparing their scam hole under the shadow of DeFi and thats the reason why we are seeing a lot of projects which are almost similar.
     
Fraudsters this take advantages due to hype, it's why we see so many copycats of Yearn Finance (YFI) start with "Y" letter.
Yeah you are right. It will be so hard to get a new domain for anyone which starts with "Y" Smiley.





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September 12, 2020, 11:41:34 PM
 #7

Fraudsters this take advantages due to hype, it's why we see so many copycats of Yearn Finance (YFI) start with "Y" letter.
It's true that they only took advantage. I saw so many projects that started with "Y" insecurities continue to emerge and of course part of it was a scam they had planned to take advantage of.

When the hype occurs, they will take the opportunity, even I don't believe anymore if there is a project with Y and still I say Scam, if the real project will not imitate an existing project because it is a plagiarism and also takes advantage.

Just like when there is a Covid them projects popping up, which turns out to be a scam, and now "Y" projects are popping up, copying the original, added few lines of code here and there and then call it their own. But the problem is that there are still gullible and naive investors who blindly trust this project and invest a lot of money. If no one will invest then this kind of project will die.

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September 12, 2020, 11:46:45 PM
 #8

Fraudsters this take advantages due to hype, it's why we see so many copycats of Yearn Finance (YFI) start with "Y" letter.
It's true that they only took advantage. I saw so many projects that started with "Y" insecurities continue to emerge and of course part of it was a scam they had planned to take advantage of.

When the hype occurs, they will take the opportunity, even I don't believe anymore if there is a project with Y and still I say Scam, if the real project will not imitate an existing project because it is a plagiarism and also takes advantage.

Just like when there is a Covid them projects popping up, which turns out to be a scam, and now "Y" projects are popping up, copying the original, added few lines of code here and there and then call it their own. But the problem is that there are still gullible and naive investors who blindly trust this project and invest a lot of money. If no one will invest then this kind of project will die.

Another copycat - from yearn.finance to yearns.finance.
Very obvious that they are trying to imitate the original.
However, even the original project has nothing to offer yet.
So be careful with these Y's DeFi projects, seems very shady on how they run their business.

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September 12, 2020, 11:48:32 PM
 #9

Definitely a scam.

This one is yearns.finance, plural

The "real" one (not that there's much real about it, or anything in DeFi) is yearn.finance





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