So back in November/December, we saw a metric fuck-ton of OHM forks in Defi. We all know how that ended. Then came the Tomb forks.
Now all I hear about is Nodes, and tons of Node projects that are being released on the daily. Will we see a similar ending to Nodes? Interested to hear a debate on this subject.
6 thoughts on “Nodes – the next OHM Forks?”
It definitely seems like a ponzi on the surface, the general premise is your ‘node’ investment is spread across different defi protocols while somehow achieving higher returns.
100%, ask any “node provider” for their wallet or proof of holdings/farming you’ll probably get a ban from their server or sub.
I don’t get it. You rent nodes managed by a single entity. Isn’t it the opposite of the philosophy?
I mean, it centralises the validators and now you rely on a single trusted third party.
What proof do you have that your node really execute the code they proclaim, and that they don’t change it?
Nodes are still a thing and have valid usecass, i.e sMPC for bridges
– what utility/usecass does the project cover
– why should I invest into innovation which i don’t even understand.
If you only have a vague idea, maybe just watch for now
I’m personally invested in a few nodes (strongblock, Thor, power). I do see a lot of new node projects. Just gotta be careful. DYOR.
Yea for sure some are straight Ponzi schemes, but Strong, Thor, Flux and a few others really seem to have a bit more utility and sustainability than a lot of them. That said I still view it as incredibly speculative and am investing accordingly