{"id":97731,"date":"2020-10-21T08:42:26","date_gmt":"2020-10-21T06:42:26","guid":{"rendered":"https:\/\/prohoster.info\/blog\/administrirovanie\/defi-obzor-rynka-skamy-czifry-fakty-perspektivy"},"modified":"2020-10-21T08:42:26","modified_gmt":"2020-10-21T06:42:26","slug":"defi-obzor-rynka-skamy-czifry-fakty-perspektivy","status":"publish","type":"post","link":"https:\/\/prohoster.info\/cs\/blog\/administrirovanie\/defi-obzor-rynka-skamy-czifry-fakty-perspektivy","title":{"rendered":"DeFi \u2014 p\u0159ehled trhu: podvody, \u010d\u00edsla, fakta, vyhl\u00eddky","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<blockquote>\n<p>DeFi je st\u00e1le v po\u0159\u00e1dku, ale nem\u011bli bychom se chovat tak, jako by to bylo m\u00edsto, kam by m\u011bli oby\u010dejn\u00ed lid\u00e9 nosit v\u0161echny sv\u00e9 \u00faspory. V. Buterin, zakladatel Ethereum. <\/p>\n<p>C\u00edlem DeFi, jak to ch\u00e1pu, je odstranit zprost\u0159edkovatele a umo\u017enit lidem p\u0159\u00edmo spolupracovat. A jak obvykle, dohled nad finan\u010dn\u00edm syst\u00e9mem je postaven tak, aby reguloval zprost\u0159edkovatele. H. Pierce, komisa\u0159 SEC. <\/p>\n<p>Pokud bublina DeFi do\u010dasn\u011b praskne, prosp\u011bje to BTC a ETH, proto\u017ee z\u00edskaj\u00ed velk\u00fd p\u0159\u00edliv kapit\u00e1lu. Euforie m\u016f\u017ee polevit, ale pouze v kr\u00e1tkodob\u00e9m horizontu, proto\u017ee v\u00fdhody a potenci\u00e1l DeFi jsou p\u0159\u00edli\u0161 o\u010dividn\u00e9 na to, abychom je ignorovali. D. Hai, CEO OKEx. <\/p>\n<p>32 % \u00fa\u010dastn\u00edk\u016f trhu s kryptom\u011bnami p\u0159iznalo, \u017ee nerozum\u00ed z\u00e1klad\u016fm decentralizovan\u00fdch financ\u00ed. Data pr\u016fzkumu Blockfolio.<\/p>\n<\/blockquote>\n<p><img decoding=\"async\" alt=\"DeFi \u2014 p\u0159ehled trhu: podvody, \u010d\u00edsla, fakta, vyhl\u00eddky\" src=\"\/wp-content\/uploads\/2020\/10\/3411aee9100c245fca50d42d2a9e90a9.jpeg\" style=\"display:block;margin: 0 auto;\" \/><\/p>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%94%D0%B5%D1%86%D0%B5%D0%BD%D1%82%D1%80%D0%B0%D0%BB%D0%B8%D0%B7%D0%BE%D0%B2%D0%B0%D0%BD%D0%BD%D1%8B%D0%B5_%D1%84%D0%B8%D0%BD%D0%B0%D0%BD%D1%81%D0%BE%D0%B2%D1%8B%D0%B5_%D1%81%D0%B5%D1%80%D0%B2%D0%B8%D1%81%D1%8B\"><em>DeFi<\/em><\/a><\/noindex><em> Trh zaplnily DeFi \u2014 nov\u00fd hype; DeFi \u2014 nov\u00e9 ICO; DeFi \u2014 n\u011bco dal\u0161\u00edho; zd\u00e1 se, \u017ee tento term\u00edn zazn\u00edv\u00e1 ze v\u0161ech stran, monitor\u016f a dal\u0161\u00edch za\u0159\u00edzen\u00ed, kter\u00e1 tomu nejsou v\u017edy ur\u010dena. Po st\u00e9 chci pov\u00eddat o tom, co je blockchain, tokeny a jak to v\u0161e lze pou\u017e\u00edt, ale nikdo na to nem\u00e1 chu\u0165; na internetu je dostatek <\/em><noindex><a rel=\"nofollow\" href=\"https:\/\/assets.coingecko.com\/books\/how-to-defi\/How_to_DeFi_Russian.pdf\"><em>zdarma<\/em><\/a><\/noindex><em> materi\u00e1l\u016f k tomuto t\u00e9matu. Nav\u00edc to nen\u00ed \u00farove\u0148 Habra \u2014 u\u010dit n\u011bco o\u010dividn\u00e9ho. Jsem v\u0161ak cht\u011bl shrnout zku\u0161enosti za posledn\u00edch 1,5 roku, abych poskytl \u010dten\u00e1\u0159i v\u00edce m\u00e9n\u011b objektivn\u00ed pohled, odstranil p\u0159ebyte\u010dn\u00e9, jak z pohledu kritika, tak chv\u00e1len\u00ed, a ponechal pouze to d\u016fle\u017eit\u00e9 \u2014 esenci a vlastn\u00ed pohled. Proto bude hodn\u011b odkaz\u016f, \u010d\u00edsel a graf\u016f. <\/em><\/p>\n<h3>Co tedy m\u00e1me? A hlavn\u011b \u2014 pro\u010d?<\/h3>\n<p>Za prv\u00e9, obrovsk\u00e9 mno\u017estv\u00ed neauditovan\u00fdch nebo, co\u017e je hor\u0161\u00ed \u2014 auditovan\u00fdch zp\u011btn\u011b (na-<noindex><a rel=\"nofollow\" href=\"https:\/\/github.com\/quantstamp\/sushiswap-security-review\">p\u0159\u00edklad<\/a><\/noindex> \u010d. 00 nebo na-<noindex><a rel=\"nofollow\" href=\"https:\/\/github.com\/iearn-finance\/audits\/blob\/master\/Quantstamp%20-%20Yearn.Finance%20Security%20Review.pdf\">p\u0159\u00edklad<\/a><\/noindex> \u010d. 01 a <noindex><a rel=\"nofollow\" href=\"https:\/\/quantstamp.com\/blog\/yearn-finance-security-review\">dal\u0161\u00ed<\/a><\/noindex>. k n\u011bmu) projekt\u016f. Za druh\u00e9, nepochopiteln\u00e9 mno\u017estv\u00ed podvod\u016f nejprimitivn\u011bj\u0161\u00edho typu (o tom \u2014 n\u00ed\u017ee). Za t\u0159et\u00ed, nevyu\u017e\u00edv\u00e1n\u00ed a 1-10 % potenci\u00e1lu projekt\u016f z d\u016fvodu prost\u00e9 chamtivosti, kter\u00e1 zcela soust\u0159ed\u00ed pozornost na dva nebo t\u0159i sch\u00e9mata \"rychl\u00fdch a snadn\u00fdch\" pen\u011bz. <\/p>\n<p>Okam\u017eit\u011b uvedu t\u0159i upozorn\u011bn\u00ed, abychom neprob\u00edrali to, co u\u017e je (minim\u00e1ln\u011b mn\u011b osobn\u011b) protivn\u00e9: v ICO podvodech, <strong>kter\u00e9 posb\u00edrali alespo\u0148 n\u011bco<\/strong> a zcela zkrachovaly, je m\u00e9n\u011b v procentn\u00edm vyj\u00e1d\u0159en\u00ed ne\u017e v segmentu VC nebo bankovn\u00edch \u00fav\u011br\u016f (na-<noindex><a rel=\"nofollow\" href=\"https:\/\/ipfs.io\/ipfs\/QmeW64FMrEhoBddpyTxqC7b1u9L4J5htYNy9GCZYnERdL3\">p\u0159\u00edklad<\/a><\/noindex> \u010c. 02). \u00dasp\u011b\u0161n\u00e9 ICO projekty vytvo\u0159ily technick\u00fd z\u00e1klad dne\u0161n\u00edho hype DeFi: Ethereum jako prvn\u00ed, pot\u00e9 Tron, Bancor, Kyber Network, Brave (p\u0159es BAT) a dal\u0161\u00ed. Zadruh\u00e9, kryptom\u011bny a blockchain jsou v sou\u010dasnosti skute\u010dn\u011b \u017e\u00e1dan\u00e9 ve sv\u011bt\u011b: RF je sp\u00ed\u0161e v\u00fdjimkou, stejn\u011b jako Banglad\u00e9\u0161 nebo Turkmenist\u00e1n. Op\u011bt k tomu existuje dostatek analytick\u00fdch zpr\u00e1v. Za t\u0159et\u00ed: to, co se d\u011bje nyn\u00ed pro 99,9 % \u2014 neexistuje, i kdy\u017e po\u010det u\u017eivatel\u016f roste: ve Venezuele, Indii, Chile, Argentin\u011b, Ukrajin\u011b, Rusku, B\u011blorusku, dokonce tabuizovan\u00e9m <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/DoveyWan\/status\/1284855765342150656\">v \u010c\u00edn\u011b<\/a><\/noindex> a na mnoha dal\u0161\u00edch m\u00edstech, v\u010detn\u011b Japonska, \u0160v\u00fdcarska\/Lichten\u0161tejnska, africk\u00fdch zem\u00ed a dal\u0161\u00edch. A to v\u0161e proto, \u017ee neleg\u00e1ln\u00edho v kryptom\u011bn\u00e1ch <noindex><a rel=\"nofollow\" href=\"https:\/\/clck.ru\/RH4Jf\">je mnohem m\u00e9n\u011b<\/a><\/noindex>, ne\u017e fiat. A nyn\u00ed \u2014 k podstat\u011b. <\/p>\n<blockquote>\n<p>Aby se vyhnuli ztr\u00e1t\u00e1m, n\u011bkte\u0159\u00ed hodlers b\u011bhem kryptozimy p\u016fj\u010dovali prost\u0159edky proti z\u00e1stav\u011b digit\u00e1ln\u00edch aktiv nebo ukl\u00e1dali mince za \u00fa\u010delem z\u00edsk\u00e1n\u00ed mal\u00e9ho, ale pasivn\u00edho p\u0159\u00edjmu s minim\u00e1ln\u00edm rizikem. <\/p>\n<\/blockquote>\n<p>Tak byly postupn\u011b vytvo\u0159eny r\u016fzn\u00e9 p\u0159\u00edstupy, kter\u00e9 jsou podrobn\u011b pops\u00e1ny <noindex><a rel=\"nofollow\" href=\"https:\/\/medium.com\/bollinger-investment-group\/liquidity-mining-a-user-centric-token-distribution-strategy-1d05c5174641\">zde<\/a><\/noindex>, ale zkr\u00e1cen\u011b to zn\u00ed podle model\u016f takto: Fair launches, Programmatic decentralization, Growth marketing, Closer alignment, a k tomu se p\u0159id\u00e1vaj\u00ed je\u0161t\u011b ratioFactor, feeFactor, wrapFactor. Z\u00e1m\u011brn\u011b ned\u00e1v\u00e1m p\u0159eklad a objasn\u011bn\u00ed (autorka p\u016fvodn\u00edho textu m\u00e1 dobr\u00e9 alegorie s Uberg), proto\u017ee tv\u016frci DeFi produkt\u016f, a zejm\u00e9na ti, kdo je propaguj\u00ed pro roz\u0161\u00ed\u0159en\u00ed mezi masami, pou\u017e\u00edvaj\u00ed spoustu neopodstatn\u011bn\u00fdch neologism\u016f, kter\u00e9 v mnoha p\u0159\u00edpadech opakuj\u00ed star\u00e9 a nikoli p\u0159\u00edli\u0161 dobr\u00e9 praktiky... bank. <\/p>\n<p>A nyn\u00ed \u2014 fakta:<\/p>\n<ul>\n<li>\n<p>Covid-19 donutil banky tisknout st\u00e1le v\u00edce dolar\u016f... Ano, to u\u017e bylo sly\u0161eno a mnohokr\u00e1t opakov\u00e1no, ale <noindex><a rel=\"nofollow\" href=\"https:\/\/i.redd.it\/1456yfcq3pl51.png\">do roku 2008-2009<\/a><\/noindex> nena\u0161la alternativy: dokonce i <noindex><a rel=\"nofollow\" href=\"https:\/\/ru.wikipedia.org\/wiki\/Liberty_Reserve\">Liberty Reserve<\/a><\/noindex> (nebo viz na <noindex><a rel=\"nofollow\" href=\"https:\/\/habr.com\/ru\/post\/393951\/\">Habr<\/a><\/noindex>) a j\u00edm podobn\u00ed byli nakonec spjati s centralizovan\u00fdmi agenty. Dnes je situace jin\u00e1 a <noindex><a rel=\"nofollow\" href=\"https:\/\/hub.forklog.com\/bitcoin-hedzhiruyushhij-instrument-ili-chto-nas-zhdyot-posle-defi-i-posle-posle\/\">hed\u017eovac\u00ed funkce btc<\/a><\/noindex> nespo\u010d\u00edv\u00e1 v tom, \u017ee od po\u010d\u00e1tku krize v roce 2018 mince vzrostla z rozmez\u00ed $3200-$3500 p\u0159ibli\u017en\u011b na $12 800 (do roku 2020, tedy p\u0159esn\u011b na otev\u0159en\u00e9 f\u00e1zi), ale v tom, \u017ee 1 btc == 1 btc, tedy to je pr\u00e1v\u011b <noindex><a rel=\"nofollow\" href=\"https:\/\/preview.redd.it\/xei9g228ggr51.jpg?width=1125&amp;format=pjpg&amp;auto=webp&amp;s=ceed28a6a48a58003e1095b5d861fd1c955147a1\">digit\u00e1ln\u00ed zlato<\/a><\/noindex>, abyste si pod t\u00edm konkr\u00e9tn\u011b rozum\u011bli, hlavn\u00ed &#8212; zachov\u00e1n\u00ed ne tolik ceny, jako &#8212; hodnoty. <\/p>\n<\/li>\n<li>\n<p>Z tohoto d\u016fvodu je btc, <noindex><a rel=\"nofollow\" href=\"https:\/\/btconethereum.com\">obalen\u00fd v r\u016fzn\u00fdch form\u00e1ch<\/a><\/noindex> tokenizace, zvy\u0161uje sv\u016fj vliv ka\u017ed\u00fd den: v tom spo\u010d\u00edv\u00e1 hlavn\u00ed v\u00fdhoda funkce, kterou naz\u00fdv\u00e1m Middle-of-Exchange. P\u0159ijdete na burzu a chcete n\u011bco koupit? Pak pot\u0159ebujete btc, eth nebo, pro ty nejrizikov\u011bj\u0161\u00ed, usdt: posledn\u00ed n\u00e1stroj v roce 2020 nabral na obr\u00e1tk\u00e1ch a p\u0159ed\u010dil btc pr\u00e1v\u011b kv\u016fli hype kolem DeFi.<\/p>\n<\/li>\n<li>\n<p>To sam\u00e9 plat\u00ed i pro bezprecedentn\u011b vysok\u00e9 platby (p\u0159ipome\u0148me FATF a \u0161\u00edlenstv\u00ed 115 FZ v Rusk\u00e9 federaci, o kter\u00fdch bylo na Habru naps\u00e1no mnoho) s n\u00edzk\u00fdmi poplatky: mnoz\u00ed diskutuj\u00ed o drah\u00e9m GAS v Ethereum, ale zapom\u00ednaj\u00ed, \u017ee platbu za ochranu nikdo neod\u010dinil, stejn\u011b jako za propustnost obecn\u011b. <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/PhABCD\/status\/1285335311254540289\">DDoS<\/a><\/noindex> nikdo nezru\u0161il, stejn\u011b jako za propustnost celkov\u011b. A p\u0159itom &#8212; n\u00edzk\u00e9 poplatky, absence zbyte\u010dn\u00fdch kontroln\u00edch opat\u0159en\u00ed a p\u0159\u00edtomnost defla\u010dn\u00edch model\u016f v \u0159ad\u011b aktiv (btc zde jasn\u011b \u010d\u00edslo 1, navzdory ztr\u00e1t\u011b na hodnot\u011b oproti stejn\u00e9mu <noindex><a rel=\"nofollow\" href=\"https:\/\/coinmarketcap.com\/ru\/defi\/\">YFI<\/a><\/noindex>) p\u0159itahuj\u00ed st\u00e1le v\u00edce u\u017eivatel\u016f. <\/p>\n<\/li>\n<li>\n<p>A tak d\u00e1le&#8230;<\/p>\n<\/li>\n<\/ul>\n<p>V tom smyslu, \u017ee se nasb\u00edralo p\u0159\u00edli\u0161 mnoho takov\u00fdch mali\u010dkost\u00ed: za\u010d\u00ednaj\u00edc\u00ed od <noindex><a rel=\"nofollow\" href=\"https:\/\/quote.rbc.ru\/news\/article\/5ae098a62ae5961b67a1c21f\">negativn\u00edch sazeb<\/a><\/noindex> od vklad\u016f, a\u017e po prohl\u00e1\u0161en\u00ed o zdan\u011bn\u00ed v\u0161eho a v\u0161ech, v\u010detn\u011b stejn\u00fdch vklad\u016f v bank\u00e1ch. Ale hlavn\u00ed je p\u0159ece v n\u011b\u010dem jin\u00e9m: od roku 2008, p\u0159esn\u011bji &#8212; od roku 2010, kdy za\u010daly soudn\u00ed procesy kv\u016fli krizi&#8217;08, v\u0161em bylo jasn\u00e9, \u017ee offshore syst\u00e9my v sou\u010dasn\u00e9 podob\u011b ji\u017e nejsou pot\u0159eba, p\u0159esn\u011bji &#8212; nespl\u0148uj\u00ed sv\u00e9 funkce. P\u0159\u00edklad Kypru (jak z hlediska krize 2012-2013, tak i postoj\u016f okolo \u201ezlat\u00fdch pas\u016f\u201d) &#8212; rozhodn\u011b nen\u00ed jedin\u00fd a Belize, Bahamy, Isle of Man a mnoho dal\u0161\u00edch jsou nuceny ustupovat FATF. Vlastn\u011b, z tohoto d\u016fvodu pr\u00e1v\u011b oni, stejn\u011b jako Estonsko, \u0160v\u00fdcarsko a dal\u0161\u00ed oblasti, kter\u00e9 profituj\u00ed z l\u00e1k\u00e1n\u00ed zahrani\u010dn\u00edch pen\u011bz, rychle pochopily: kryptom\u011bny &#8212; offshore 21. stolet\u00ed! Ale \u0159\u00edct je jednodu\u0161\u0161\u00ed, ne\u017e ud\u011blat: hype ICO to bylo v polovin\u011b roku 2017 &#8212; na za\u010d\u00e1tku roku 2018, pln\u00fd cyklus 2013-2018. Pot\u00e9 byla opatrn\u00e1 snaha o IEO, ale z\u00e1kony k tomu se objevily v\u00fdrazn\u011b pozd\u011bji: a nez\u00e1le\u017e\u00ed na tom &#8212; t\u00fdk\u00e1-li se to Francie, Thajska nebo toho sam\u00e9ho Lichten\u0161tejnska (o USA, \u010c\u00edn\u011b a RF rad\u011bji ani nemluv\u00edm). Nejabsurdn\u011bj\u0161\u00ed je, \u017ee ve Spojen\u00fdch st\u00e1tech se o kryptoodalitech za\u010dalo mluvit u\u017e v roce 2012 (a po sv\u011btov\u00e9m kongresu &#8212; v\u0161ude a po\u0159\u00e1d v roce 2014: o \u010dem\u017e z\u016fstalo <noindex><a rel=\"nofollow\" href=\"https:\/\/habr.com\/ru\/post\/212369\/\">m\u016fj materi\u00e1l na Habru<\/a><\/noindex>), ale do roku 2020 <noindex><a rel=\"nofollow\" href=\"https:\/\/decrypt.co\/40819\/sec-faces-stiff-test-regulating-defi-says-hester-peirce\">komisa\u0159i<\/a><\/noindex> SEC, sen\u00e1to\u0159i a dal\u0161\u00ed vynikaj\u00edc\u00ed p\u0159edstavitel\u00e9 administrativn\u00edho po\u0159\u00e1dku tvrd\u00ed, \u017ee jsou pot\u0159eba jasn\u011bj\u0161\u00ed pravidla pro regulaci trhu. A ano: ETF je\u0161t\u011b nebyl spu\u0161t\u011bn, p\u0159ipom\u00edn\u00e1m. Proto z\u00e1konod\u00e1rci v Indii, Jihoafrick\u00e9 republice, Austr\u00e1lii a dal\u0161\u00edch jurisdikc\u00edch st\u00e1le \u010dast\u011bji p\u0159ipom\u00ednaj\u00ed blond\u00fdnku ze z\u00e1kona, kter\u00e1 na ka\u017edou p\u00e1rty p\u0159ich\u00e1z\u00ed evidentn\u011b v nevhodn\u00e9m oble\u010den\u00ed. <\/p>\n<p>Nebo to \u0159eknu jinak: DeFi &#8212; o flexibilit\u011b, mobilit\u011b, rychlosti jako takov\u00e9. Ale nav\u00edc m\u00e1 tak\u00e9 n\u011bkolik negativn\u00edch vlastnost\u00ed. <\/p>\n<h3>Jak\u00e9 jsou tedy nev\u00fdhody?<\/h3>\n<ul>\n<li>\n<p>Za prv\u00e9, u\u017e v letech 2016-2018 podvodn\u00edci pochopili, \u017ee podobnost tickers &#8212; cesta k &#171;\u00fasp\u011bchu&#187;, kter\u00e1 se p\u0159\u00edli\u0161 neli\u0161\u00ed od ban\u00e1ln\u00ed kombinace &#171;nejlep\u0161\u00edch&#187; praktik spamu a phishingu. Proto popul\u00e1rn\u00ed burza <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/defiprime\/status\/1279806835839492096\">Uniswap zaplavily tuny<\/a><\/noindex> fale\u0161n\u00fdch token\u016f a otev\u0159en\u00fdch minc\u00ed pro kr\u00e1de\u017ee. Dal\u0161\u00ed p\u0159\u00edklady: YFFI a YFII, kter\u00e9 <strong>vzrostly pouze d\u00edky podobnosti<\/strong> s YFI. Krom\u011b toho, to v\u0161echno zni\u010d\u00ed airdropy v z\u00e1rodku: n\u00e1stroj &#8212; <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/uniswap-raspredelila-113-mln-tokenov-uni-sredi-polzovatelej\/\">v\u00fdborn\u00fd<\/a><\/noindex>, ale p\u0159i takov\u00e9m vyu\u017e\u00edv\u00e1n\u00ed je t\u011b\u017ek\u00e9. <\/p>\n<\/li>\n<li>\n<p>Za druh\u00e9, ve skute\u010dnosti zku\u0161enost <noindex><a rel=\"nofollow\" href=\"https:\/\/ru.wikipedia.org\/wiki\/The_Dao\">The DAO<\/a><\/noindex> (mimochodem, tento byl pr\u00e1v\u011b DeFi produkt) nikoho a nic nenau\u010dil (hned &#8212; <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/FrankResearcher\/status\/1251771278719098886\">d\u016fkaz<\/a><\/noindex>): projekty <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/frenzy_hao\/status\/1277597671847411712\">v\u011bd\u00ed o probl\u00e9mech<\/a><\/noindex>, ale ani se je nesna\u017e\u00ed opravit (n\u011bco v\u00e1m to nep\u0159ipom\u00edn\u00e1?). Dokonce: o d\u00edr\u00e1ch v\u011bd\u00ed i u\u017eivatel\u00e9 (poskytovatel\u00e9 likvidity a dal\u0161\u00ed \u00fa\u010dastn\u00edci) a p\u0159esto - pou\u017e\u00edvaj\u00ed je, vl\u00e9vaj\u00ed st\u00e1le v\u00edce a v\u00edce sv\u00fdch vlastn\u00edch prost\u0159edk\u016f (\u010d\u00edsla n\u00ed\u017ee). <\/p>\n<\/li>\n<li>\n<p>Za t\u0159et\u00ed, technick\u00e9 probl\u00e9my - prvn\u00ed vrstva skute\u010dn\u00fdch probl\u00e9m\u016f. Daleko hlub\u0161\u00ed obt\u00ed\u017ee spo\u010d\u00edvaj\u00ed v ekonomick\u00fdch modelech, a to jak pro rodiny PoS, tak pro segment DeFi. Na to upozor\u0148ovali r\u016fzn\u00ed odborn\u00edci - dokonce <noindex><a rel=\"nofollow\" href=\"https:\/\/medium.com\/@RossUlbricht\/remaking-the-maker-protocol-4b29f879f11\">nejne\u010dekan\u011bj\u0161\u00ed<\/a><\/noindex>, ale zat\u00edm \u017e\u00e1dn\u00fd v\u00fdsledek: v\u0161echny v\u00fdstupy V. Butterina a mnoha dal\u0161\u00edch t\u00fdm\u016f (mysl\u00edm modely <noindex><a rel=\"nofollow\" href=\"https:\/\/ru.bitcoinwiki.org\/wiki\/DAICO\">DAICO<\/a><\/noindex>, <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TheBlock__\/status\/1225781683313631233\">CSO<\/a><\/noindex> od Fairmint a dal\u0161\u00ed) z let 2016-2020 jsou prost\u011b ignorov\u00e1ny a neexistuj\u00ed \u017e\u00e1dn\u00e9 decentralizovan\u00e9 escrow; \u017e\u00e1dn\u00e9 integrace s platebn\u00edmi kan\u00e1ly (pro zlevn\u011bn\u00ed stejn\u00fdch poplatk\u016f) a nic, na co je\u0161t\u011b vzpomenu. <\/p>\n<\/li>\n<li>\n<p>Za \u010dtvrt\u00e9: nam\u00edsto pr\u00e1ce na chyb\u00e1ch - doch\u00e1z\u00ed k ne\u010destn\u00e9mu konkuren\u010dn\u00edmu boji, kdy nedostatky se st\u00e1vaj\u00ed <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bigmagicdao\/status\/1278574796683395072\">n\u00e1strojem v rukou \u010dern\u00e9ho PR<\/a><\/noindex>, a nikoli d\u016fvodem k zlep\u0161en\u00ed cel\u00e9ho ekosyst\u00e9mu. Druh\u00fd d\u016fsledek z toho t\u00e9ho\u017e - <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/MakerDAO\/status\/1238244595835830277\">ban\u00e1ln\u00ed r\u016fst<\/a><\/noindex> dluhy a dal\u0161\u00ed nesmysly (zejm\u00e9na - z\u00e1vod o prioritu z\u00e1stav), na jejich\u017e \u0159e\u0161en\u00ed m\u011bl b\u00fdt trh DeFi p\u016fvodn\u011b zam\u011b\u0159en. P\u0159edev\u0161\u00edm se jedn\u00e1 o likvidace <noindex><a rel=\"nofollow\" href=\"https:\/\/www.theblockcrypto.com\/post\/58541\/crypto-market-drop-triggers-liquidations-across-makerdao-compound-lending-protocols\">p\u0159i poklesech trh\u016f<\/a><\/noindex>, ale nejen to (op\u011bt - viz n\u00ed\u017ee). Jen m\u00e1lokomu se p\u0159itom poda\u0159\u00ed odej\u00edt ti\u0161e a v\u00edcem\u00e9n\u011b poctiv\u011b: p\u0159\u00edklad Paradigm Labs - nen\u00ed jedin\u00fd, ale ani masov\u00fd. <\/p>\n<\/li>\n<li>\n<p>P\u00e1t\u00e9: nejv\u00edce mrz\u00ed, \u017ee <strong>pohyb na m\u00edst\u011b se vn\u00edm\u00e1 jako norma<\/strong>. \u0158ekn\u011bme, co d\u011blali p\u0159isp\u011bvatel\u00e9 ICO mnoha? Nakupovali na uzav\u0159en\u00fdch kolech (presale a podobn\u011b) s 10-25-50-75% slevou a ihned prod\u00e1vali po uveden\u00ed na burzu. Co vid\u00edme na p\u0159\u00edkladu <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Galois_Capital\/status\/1275499202018029570?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1275499202018029570%7Ctwgr%5Eshare_1&amp;ref_url=https%3A%2F%2Fforklog.com%2Ftsena-tokena-defi-servisa-compound-obvalilas-posle-listinga-na-coinbase%2F\">COMP<\/a><\/noindex>? \u0410 \u0440\u043e\u0432\u043d\u043e \u0442\u043e \u0436\u0435 \u0441\u0430\u043c\u043e\u0435. \u0418\u043b\u0438 baDAPProve \u043e\u0442 ZenGo: &#171;\u043d\u0435\u043a\u043e\u0442\u043e\u0440\u044b\u0435 \u0434\u0435\u0446\u0435\u043d\u0442\u0440\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u043d\u043d\u044b\u0435 \u043f\u0440\u0438\u043b\u043e\u0436\u0435\u043d\u0438\u044f (DApps) \u0437\u0430\u043f\u0440\u0430\u0448\u0438\u0432\u0430\u044e\u0442 \u043e\u0434\u043e\u0431\u0440\u0435\u043d\u0438\u0435 \u0434\u043b\u044f \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u0438 \u043d\u0430 \u043e\u043f\u0440\u0435\u0434\u0435\u043b\u0451\u043d\u043d\u0443\u044e \u0441\u0443\u043c\u043c\u0443, \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u044c \u043d\u0435\u0432\u043e\u043b\u044c\u043d\u043e \u0434\u0430\u0451\u0442 \u0434\u043e\u0441\u0442\u0443\u043f \u043a \u0442\u043e\u043a\u0435\u043d\u0443 \u043d\u0430 \u0432\u0441\u044e \u0438\u043c\u0435\u044e\u0449\u0438\u0435\u0441\u044f \u0441\u0440\u0435\u0434\u0441\u0442\u0432\u0430&#187;, &#8212; \u043a\u043e\u0433\u0434\u0430 \u0440\u0435\u0430\u043a\u0446\u0438\u0438 \u043d\u0435 \u043f\u043e\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u043b\u043e. \u0412 \u0440\u044f\u0434\u0435 \u0441\u043b\u0443\u0447\u0430\u0435\u0432 &#8212; \u0434\u043e \u0441\u0438\u0445 \u043f\u043e\u0440. \u0425\u043e\u0442\u044f \u0438\u043d\u0441\u0442\u0440\u0443\u043c\u0435\u043d\u0442\u044b \u0434\u043b\u044f \u0430\u043d\u0430\u043b\u0438\u0437\u0430\/\u043f\u0440\u043e\u0442\u0438\u0432\u043e\u0441\u0442\u043e\u044f\u043d\u0438\u044f \u0438\u043c\u0435\u044e\u0442\u0441\u044f: <noindex><a rel=\"nofollow\" href=\"https:\/\/github.com\/James-Sangalli\/eth-allowance\">p\u0159\u00edklad<\/a><\/noindex> \u010d. 1 a <noindex><a rel=\"nofollow\" href=\"https:\/\/approved.zone\">p\u0159\u00edklad<\/a><\/noindex> \u010d. 2. Nebo jak v\u00e1m n\u011bkolikan\u00e1sobn\u00e9 opakov\u00e1n\u00ed zku\u0161enost\u00ed <noindex><a rel=\"nofollow\" href=\"https:\/\/en.wikipedia.org\/wiki\/Bitconnect\">Bitconnect<\/a><\/noindex> p\u0159es takov\u00e9 \u201eslu\u017eby\u201c jako: Pizza, HotDog, Kimchi, OnlyUp zejm\u00e9na? Pokud n\u00e1hodou nev\u00edte, jedn\u00e1 se o Ponziho sch\u00e9mata, pouze zrychlen\u00e1 o 1000 \u0159\u00e1d\u016f, aby se nikdo nem\u011bl \u010das rozmyslet. <\/p>\n<\/li>\n<\/ul>\n<p>V t\u00e9to souvislosti - n\u011bkolik jasn\u00fdch p\u0159\u00edklad\u016f. <\/p>\n<h3>Nejv\u011bt\u0161\u00ed propady a\/nebo podvody<\/h3>\n<ul>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bZxHQ\/status\/1228555300971655168\">bZx<\/a><\/noindex> - hack a $8 000 000 <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bZxHQ\/status\/1305189177730891776\">nav\u00edc<\/a><\/noindex> - v ztr\u00e1t\u011b. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/opyn_\/status\/1290782102196064256\">Opyn<\/a><\/noindex> - hack na 371 000. <\/p>\n<\/li>\n<li>\n<p>Asuka.Finance - exit scam: bez koment\u00e1\u0159e. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CryptoWhale\/status\/1303665831570743296\">Yfdexf.Finance<\/a><\/noindex> - $20 000 000: nev\u00edm, obvykle m\u00e1m chu\u0165 tyto \u010d\u00edsla ov\u011b\u0159it, ale ne tentokr\u00e1t. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/www.chainnews.com\/news\/590332398917.htm\">EMD<\/a><\/noindex> - $2 500 000: analogicky. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/A_mplify\/status\/1302852245059330048\">Soft Yearn<\/a><\/noindex> (SYFI) - v porovn\u00e1n\u00ed s ostatn\u00edmi zde <noindex><a rel=\"nofollow\" href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/soft-yearn\">pokles<\/a><\/noindex> \u201epouze\u201c ze $150 na $0. A\u010dkoli z\u00e1le\u017e\u00ed na tom, co a s \u010d\u00edm srovn\u00e1vat: <noindex><a rel=\"nofollow\" href=\"https:\/\/www.coingecko.com\/en\/coins\/unicorn-token\">Unicorn<\/a><\/noindex> - ze $0,0009 na $5,28 a - z kopce. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/edwardmorra_btc\/status\/1301241450533982214\">PIZZA<\/a><\/noindex> - jeden z \u201ejedl\u00fdch\u201c ne\u00fasp\u011b\u0161n\u00fdch token\u016f, k n\u011bmu\u017e lze p\u0159idat HOTDOG a KIMCHI. <\/p>\n<\/li>\n<li>\n<p>OnlyUP - viz v\u00fd\u0161e. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/brockjelmore\/status\/1293820056682377216\">YAM<\/a><\/noindex> - $600 000 000 bez auditu a propad: \u201eje mi l\u00edto v\u0161ech. selhal jsem. d\u011bkuji za \u0161\u00edlenou podporu dnes. jsem zdrcen smutkem\u201c. To je v\u0161e, co m\u016f\u017eete z\u00edskat p\u0159i bezohledn\u00e9m zach\u00e1zen\u00ed s pen\u011bzi. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/DegenSpartan\/status\/1296036076289548289\">Pasta<\/a><\/noindex> - Tak\u00e9 o j\u00eddle a tak\u00e9 $200 000 000 v zablokov\u00e1n\u00ed: bez auditu! Nicm\u00e9n\u011b, i kdy\u017e audit existuje - nepom\u00e1h\u00e1, proto\u017ee nikdo ho ne\u010dte, nebo ho \u010dte jen zb\u011b\u017en\u011b: nejjasn\u011bj\u0161\u00ed p\u0159\u00edklad - <noindex><a rel=\"nofollow\" href=\"https:\/\/www.theblockbeats.com\/flash\/13743\">LV Finance<\/a><\/noindex>, kde organiz\u00e1to\u0159i pad\u011blali v\u00fdsledky audit\u016f, aby si p\u0159ivlastnili pen\u00edze investor\u016f. Ale je t\u0159eba ch\u00e1pat, \u017ee podle \u00fadaj\u016f Quantstamp bylo do \u010dervence 2020 ukradeno 2020 milion\u016f. <noindex><a rel=\"nofollow\" href=\"https:\/\/drive.google.com\/file\/d\/1oK3zBVKz-tNVeYU1Pezzu2A-7GQqRMRp\/view\">\u0160koda<\/a><\/noindex> v MarkerDAO na jeden \u00fatok (anal\u00fdzu si m\u016f\u017eete p\u0159e\u010d\u00edst <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/chernyj-chetverg-v-defi-kak-umelye-hakery-vyveli-8-mln-iz-makerdao-na-fone-obvala-rynka\/\">zde<\/a><\/noindex>) \u010dinila 8 000 000 v\u011b\u010dn\u011b mrtv\u00fdch prezident\u016f, i kdy\u017e <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/chernyj-chetverg-vylilsya-dlya-makerdao-v-gruppovoj-isk-na-28-mln\/\">skupinov\u00e1 \u017ealoba<\/a><\/noindex> vytvo\u0159il\u2026 cel\u00fdch 28 000 000 v t\u011bchto portr\u00e9tech, co\u017e znamen\u00e1, \u017ee \u010d\u00edsla zmrazen\u00fdch prost\u0159edk\u016f, prost\u0159edk\u016f vyveden\u00fdch (ukraden\u00fdch) atd. \u2014 jsou r\u016fzn\u00e9 ukazatele, co\u017e neub\u00edr\u00e1 na d\u016fle\u017eitosti takov\u00fdch jako celkov\u00fd p\u0159ehled. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Dogetoshi\/status\/1294099367452966913\">K\u0159ivka<\/a><\/noindex> \u2014 nepl\u00e1novan\u00e9 vyd\u00e1n\u00ed token\u016f. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AndreCronjeTech\/status\/1310763507890225152\">Eminence<\/a><\/noindex> \u2014 $15 000 000\u2026 Nebo je\u0161t\u011b <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/sassal0x\/status\/1308253864810872833\">MEME<\/a><\/noindex>, <noindex><a rel=\"nofollow\" href=\"https:\/\/cryptonews.net\/ru\/news\/security\/388095\/\">HatchDAO<\/a><\/noindex>, Bantiample \u2014 a mnoho dal\u0161\u00edch. Douf\u00e1m, \u017ee to sta\u010d\u00ed k udr\u017een\u00ed po\u010d\u00e1te\u010dn\u00edho z\u00e1jmu? <\/p>\n<\/li>\n<\/ul>\n<h3>Zbroj a projektil<\/h3>\n<p>I kdy\u017e v\u00e1lku nesn\u00e1\u0161\u00edm, pova\u017euji alegorii proti\u0161t\u011bn\u00ed brn\u011bn\u00ed a st\u0159ely za jednu z nejlep\u0161\u00edch v historii lidstva. Tak\u017ee \u2014 tendence k rozvoji u komunity jako celku p\u0159ece jen existuj\u00ed:<\/p>\n<ul>\n<li>\n<p><strong>Existuje u\u017e \u010dty\u0159i roky jednotn\u00fd monitoring<\/strong> btc, kter\u00e9 p\u0159ich\u00e1zej\u00ed a odch\u00e1zej\u00ed z dark webu, jsou kraden\u00e9 atd. (na-<noindex><a rel=\"nofollow\" href=\"https:\/\/markets.chainalysis.com\/#risk-illicit-placement\">p\u0159\u00edklad<\/a><\/noindex> \u010d. 3 nebo crystalblockchain na jejich dotaz). Ale na tom samo\u010di\u0161t\u011bn\u00ed se to nekon\u010d\u00ed: p\u0159\u00edklad <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/dForcenet\/status\/1254738662039752704\">dForce<\/a><\/noindex> (<noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/klienty-vzlomannogo-defi-servisa-dforce-poluchili-nazad-svoi-25-mln\/\">podrobn\u011bji<\/a><\/noindex>) a zejm\u00e9na mi neobl\u00edben\u00fd SushiSwap \u2014 p\u0159\u00edm\u00e9 d\u016fkazy toho, \u017ee otev\u0159en\u00e9 a anonymn\u00ed syst\u00e9my mohou existovat za p\u0159\u00edtomnosti nikoli subjektivn\u00ed, ale transak\u010dn\u00ed pov\u011bsti a interakce \u00fa\u010dastn\u00edk\u016f komunity jako celku. <\/p>\n<\/li>\n<li>\n<p><strong>Interakce na r\u016fzn\u00fdch \u00farovn\u00edch<\/strong>: Paradigm a MakerDAO, vytvo\u0159en\u00ed tokenizovan\u00e9ho bitcoinu, enkl\u00e1v Storj a Ethereum Classic, pomoc b\u00edl\u00fdm klobouk\u016fm p\u0159i hackov\u00e1n\u00ed, \u010di fondy Huobi a Binance pro vytv\u00e1\u0159en\u00ed, udr\u017eov\u00e1n\u00ed a rozvoj DeFi startup\u016f, financov\u00e1n\u00ed KeeperDAO a Polychain Capital s Three Arrows Capital, sama historie BnkToTheFuture (ten sam\u00fd Celsius tam z\u00edskal 18,8 milionu) nebo token <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AaveAave\/status\/1283431477049532417\">LEND<\/a><\/noindex> a dokonce <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/tether-vernula-1-mln-polzovatelyu-otpravivshemu-usdt-na-nepravilnyj-adres\/\">absurdn\u00ed n\u00e1vrat<\/a><\/noindex> ztracen\u00fdch prost\u0159edk\u016f v USDt, stejn\u011b jako mnoho jin\u00e9ho \u2014 zlep\u0161uje integra\u010dn\u00ed z\u00f3ny v r\u016fzn\u00fdch sm\u011brech, i kdy\u017e i zde <strong>v\u0161echno prob\u00edh\u00e1 neuv\u011b\u0159iteln\u011b pomalu pro tak bou\u0159liv\u00fd trh.<\/strong>. Osobn\u011b zd\u016frazn\u00edm, \u017ee likvidita se tak\u00e9 posledn\u00ed 1,5 roku prezentuje jako vz\u00e1jemn\u00e1 pomoc: a z tohoto d\u016fvodu agreg\u00e1tory <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/messari-populyarnost-defi-agregatorov-prodolzhit-rasti\/\">likvidity<\/a><\/noindex>, za\u010d\u00ednaje m\u00e1lo zn\u00e1m\u00fdm b2bx a kon\u010de mastodonty od 0x a dal\u0161\u00edch \u2014 p\u0159\u00edm\u00fd v\u00fdsledek takov\u00e9 synergie, a\u0165 u\u017e to zn\u00ed jakkoli. <\/p>\n<\/li>\n<li>\n<p><strong>Sou\u010dasn\u011b \u010d\u00edm d\u00e1l v\u00edce v\u00fdvoj\u00e1\u0159i<\/strong> (VIZ, MakerDAO, Ethereum Classic, YML a dal\u0161\u00ed) usiluj\u00ed co nejrychleji p\u0159edat v\u0161e do rukou komunity, aby <noindex><a rel=\"nofollow\" href=\"https:\/\/hub.forklog.com\/bitcoin-amp-ethereum-primery-urovnej-detsentralizatsii\/\">\u00farovn\u011b decentralizace<\/a><\/noindex> byly na spr\u00e1vn\u00e9 \u00farovni, a nesoust\u0159edily se, co\u017e samo o sob\u011b \u2014 je oxymoron, <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/MessariCrypto\/status\/1305530114868948994\">v rukou l\u00eddr\u016f<\/a><\/noindex> trhu. To se neda\u0159\u00ed v\u017edy a ne hned: dejme tomu, <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/simoneconti_\/status\/1291396627165569026\">500 \u00fa\u010dt\u016f<\/a><\/noindex> \u2014 nen\u00ed to \u010d\u00edslo, k n\u011bmu\u017e bychom m\u011bli usilovat v celosv\u011btov\u00e9m m\u011b\u0159\u00edtku, ale vektor je nastaven spr\u00e1vn\u011b. <\/p>\n<\/li>\n<li>\n<p><strong>Je t\u0159eba si uv\u011bdomit, \u017ee po BNB<\/strong> (pot\u00e9 m\u016f\u017eete vz\u00edt Token Terminal, Bankless, UNI) nativn\u00ed tokeny platforem se staly v podstat\u011b \u2014 n\u00e1strojem spole\u010dn\u00e9ho rozd\u011blen\u00ed (a d\u00e1le \u2014 tak\u00e9 hlasovac\u00edmi\/\u0159\u00edd\u00edc\u00edmi tokeny), co\u017e znamen\u00e1, \u017ee distribuovan\u00e9 pr\u00e1vnick\u00e9 osoby, o kter\u00fdch se hovo\u0159ilo v roce 2017 \u2014 jsou u\u017e faktem, i kdy\u017e v velmi primitivn\u00ed podob\u011b. <\/p>\n<\/li>\n<li>\n<p><strong>Snad nejv\u00edce p\u0159ekvapuj\u00edc\u00ed<\/strong> (pro extern\u00edho pozorovatele) p\u0159\u00edpad \u2014 je pr\u00e1v\u011b SushiSwap: nejprve anonymn\u00ed (!) majitel vyhnal aktivum z \u2026 na \u2026, pot\u00e9 \u2014 se uraz\u00ed na v\u0161echny a <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AdamScochran\/status\/1302216561269379072\">odv\u00e1d\u00ed<\/a><\/noindex> prost\u0159edky, p\u0159itom se distancuje od p\u0159\u00edm\u00e9ho <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/NomiChef\/status\/1302508803309498369\">\u0159\u00edzen\u00ed<\/a><\/noindex> p\u0159itom se odm\u00edt\u00e1, d\u00e1le \u2014 dost\u00e1v\u00e1 kolektivn\u00ed \u017ealobu (z\u0159ejm\u011b na chalupu d\u011bde\u010dka, vzhledem k anonymit\u011b tv\u016frce), a pot\u00e9\u2026 <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/NomiChef\/status\/1304442521137811457?\">vrac\u00ed<\/a><\/noindex> prost\u0159edky! Je\u0161t\u011b dost\u00e1v\u00e1 pochvalu od 75-90 % \u00fa\u010dastn\u00edk\u016f, p\u0159esto\u017ee v\u00fdvoj projektu se evidentn\u011b zpomalil. Nejv\u00edce p\u0159ekvapuj\u00edc\u00ed je, \u017ee v\u0161ichni byli <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AdamScochran\/status\/1300887520172019713\">informov\u00e1ni<\/a><\/noindex> o mo\u017enosti takov\u00e9ho \u00fatoku, ale nikoho to neznerv\u00f3znilo: st\u00e1le <noindex><a rel=\"nofollow\" href=\"https:\/\/cryptonews.net\/ru\/news\/other\/396406\/\">doufaj\u00ed<\/a><\/noindex> v \u010destn\u00fd, nestrann\u00fd soud? <\/p>\n<\/li>\n<\/ul>\n<p>Proto nejsem zast\u00e1ncem omluv, ale oblast je minim\u00e1ln\u011b prosycena absurdity, simulacry a dal\u0161\u00edmi n\u00e1stroji pro mysl. Nicm\u00e9n\u011b, nab\u00eddnu tak\u00e9 n\u00e1stroje pro dissecting: <\/p>\n<h3>N\u00e1stroje pro monitorov\u00e1n\u00ed a anal\u00fdzu<\/h3>\n<p>Kr\u00e1tce, proto\u017ee seznam by mohl pokra\u010dovat velmi dlouho. Vybral jsem ty, kte\u0159\u00ed ur\u010dit\u011b nepot\u0159ebuj\u00ed reklamu:<\/p>\n<ul>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"\/cs\/defipulse.com\/\">defipulse.com<\/a><\/noindex> \u2014 obecn\u00fd stav trhu, dynamika a tak d\u00e1le. <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/defirate.com\/lend\/\">https:\/\/defirate.com\/lend\/<\/a><\/noindex> \u2014 nic nav\u00edc: such\u00e1 \u010d\u00edsla (kter\u00fdm nen\u00ed radno d\u016fv\u011b\u0159ovat bez dal\u0161\u00edch ov\u011b\u0159en\u00ed). <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/messari.io\/screener\/defi-coins-7EE8EDB1\">https:\/\/messari.io\/screener\/defi-coins-7EE8EDB1<\/a><\/noindex> \u2014 alternativn\u00ed monitoring (nicm\u00e9n\u011b, takov\u00fdch podle r\u016fzn\u00fdch parametr\u016f \u2014 je dost: https:\/\/loanscan.io). <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/btconethereum.com\">https:\/\/btconethereum.com<\/a><\/noindex> \u2014 kolik btc v\u2026 ethereu? <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/etherscan.io\/yieldfarms\">https:\/\/etherscan.io\/yieldfarms<\/a><\/noindex> \u2014 pokud jste je\u0161t\u011b nesly\u0161eli o <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/defi-yield-farming-liquidity-lending\/\">farmingu<\/a><\/noindex>, pak je ur\u010dit\u011b ten spr\u00e1vn\u00fd \u010das: bu\u010fte maxim\u00e1ln\u011b obez\u0159etn\u00ed! (Alternativa: <noindex><a rel=\"nofollow\" href=\"https:\/\/coinmarketcap.com\/yield-farming\/\">https:\/\/coinmarketcap.com\/yield-farming\/<\/a><\/noindex>). <\/p>\n<\/li>\n<li>\n<p><noindex><a rel=\"nofollow\" href=\"https:\/\/www.usefultulips.org\/CombinedWorldPage.html\">https:\/\/www.usefultulips.org\/Combined<em>World<\/em>Page.html<\/a><\/noindex> \u2014 nen\u00ed \u00fapln\u011b o DeFi, ale o zdroji, kter\u00fd mi umo\u017e\u0148uje pod\u00edvat se na trh \u0161\u00ed\u0159eji (pokud se to l\u00edb\u00ed i v\u00e1m, doporu\u010duji nahl\u00e9dnout tak\u00e9 do <noindex><a rel=\"nofollow\" href=\"https:\/\/stat.bloxy.info\/superset\/dashboard\/arbitrage\/?standalone=true\">tady<\/a><\/noindex>: jeden z nejd\u016fle\u017eit\u011bj\u0161\u00edch ukazatel\u016f pro DEX). <\/p>\n<\/li>\n<\/ul>\n<p>Nechci uv\u00e1d\u011bt chaty, video-recenze a podobn\u00e9: zde, Google. Trendy \u0159\u00edkaj\u00ed, \u017ee v\u0161echno je v po\u0159\u00e1dku. Hlavn\u00ed pravidlo \u2014 nikdy nev\u011b\u0159te absolutn\u00edm \u010d\u00edsl\u016fm: po tom, co centralizovan\u00e9 burzy v kryptosf\u00e9\u0159e nafoukly od 90 do 99 dokonce procent \u2014 je lep\u0161\u00ed studovat v\u0161e v dynamice a relativn\u00edch ukazatel\u00edch. <\/p>\n<p>Nejlep\u0161\u00edm potvrzen\u00edm toho, co bylo \u0159e\u010deno \u2014 je n\u00e1sleduj\u00edc\u00ed graf: <\/p>\n<p><img decoding=\"async\" alt=\"DeFi \u2014 p\u0159ehled trhu: podvody, \u010d\u00edsla, fakta, vyhl\u00eddky\" src=\"\/wp-content\/uploads\/2020\/10\/7fc7008527e529582d3b9a068bc7a3e0.jpeg\" style=\"display:block;margin: 0 auto;\" \/><\/p>\n<p>Pro\u010d je tento p\u0159\u00edklad tak d\u016fle\u017eit\u00fd? Za prv\u00e9, proto\u017ee naj\u00edt p\u0159esn\u00e1 \u010d\u00edsla, kter\u00e1 by se shodovala na r\u016fzn\u00fdch zdroj\u00edch, je nesm\u00edrn\u011b obt\u00ed\u017en\u00e9. Za druh\u00e9, blokovan\u00e9 prost\u0159edky \u2014 to je pouze jeden z ukazatel\u016f a i ten m\u016f\u017ee b\u00fdt na 100 % ov\u011b\u0159en p\u0159i pln\u00e9m auditu slu\u017eeb, a jak bylo uvedeno v\u00fd\u0161e, to se v mnoha p\u0159\u00edpadech neprov\u00e1d\u00ed. Za t\u0159et\u00ed, i kdybychom p\u0159ipustili neracion\u00e1ln\u00edch $15 000 000 000 rezerv \u2014 stejn\u011b dostaneme po\u010d\u00e1te\u010dn\u00ed f\u00e1zi v\u00fdvoje, kter\u00e1 vypad\u00e1 ohromuj\u00edc\u00ed pouze proto, \u017ee v letech 2017-2019 se v\u0161ichni zaj\u00edmali o zcela jin\u00e9 DEX burzy, likviditu a tokenizaci kryptom\u011bn jako takov\u00fdch. <\/p>\n<p>Proto \u2014 dal\u0161\u00ed graf, ale u\u017e s pr\u016fm\u011brn\u00fdmi, z r\u016fzn\u00fdch zdroj\u016f, \u010d\u00edsly:<\/p>\n<p><img decoding=\"async\" alt=\"DeFi \u2014 p\u0159ehled trhu: podvody, \u010d\u00edsla, fakta, vyhl\u00eddky\" src=\"\/wp-content\/uploads\/2020\/10\/a893658b3f1518dd6813acceefc47e61.jpeg\" style=\"display:block;margin: 0 auto;\" \/><\/p>\n<p>Ale nejv\u00edc (op\u011bt \u2014 m\u011b osobn\u011b) mrz\u00ed, \u017ee 99,(9)% projekt\u016f \u2014 opakuj\u00ed r\u016fzn\u00e9 sch\u00e9mata z fiatn\u00edho sv\u011bta: p\u016fj\u010dky a \u00fav\u011bry (a\u010dkoliv form\u00e1ln\u011b v tomto odv\u011btv\u00ed \u2014 to je tot\u00e9\u017e) tvo\u0159\u00ed <noindex><a rel=\"nofollow\" href=\"https:\/\/bloomchain.ru\/newsfeed\/issledovanie-messari-rynok-defi-ne-takoi-kakim-kajetsja\">a\u017e 72 %<\/a><\/noindex>. Zvl\u00e1\u0161\u0165 alarmuj\u00edc\u00ed je to, \u017ee do trhu s deriv\u00e1ty vstupuj\u00ed lid\u00e9, kte\u0159\u00ed toto slovo dok\u00e1\u017eou napsat spr\u00e1vn\u011b jen v polovin\u011b p\u0159\u00edpad\u016f. Ale pokus\u00edm se to shrnout, kdy\u017e zase odstran\u00edm subjektivn\u00ed slo\u017eku.<\/p>\n<h3>P\u0159edpov\u011bdi o trhu, nebo my\u0161lenky nahlas<\/h3>\n<p>\u201eNen\u00ed mo\u017en\u00e9 obj\u00edmat neobjemn\u00e9\u201c, \u2014 opakoval Kozma Prutkov, tak\u017ee zde je n\u011bkolik tez\u00ed, kter\u00e9 m\u016f\u017eete zkusit aplikovat na praktick\u00fd aspekt, t\u00edm sp\u00ed\u0161e, \u017ee trendy, kter\u00e9 prob\u00edhaly, byly jasn\u00e9 v letech 2017-2019 a nyn\u00ed se teprve odhaluj\u00ed pro ty, kte\u0159\u00ed nesleduj\u00ed trh pe\u010dliv\u011b: <\/p>\n<p>Deriv\u00e1ty \u2014 to je \u0161patn\u00e9, ale v\u017edy \u2014 <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ArcaneResearch\/status\/1285616105244024833\">poh\u00e1n\u011b\u010dem<\/a><\/noindex> viditeln\u00fd r\u016fst: jsem proti opakov\u00e1n\u00ed \u0161patn\u00fdch p\u0159\u00edb\u011bh\u016f pod jinou z\u00e1minkou. Synthetix (nebo Opyn, Aco, DYMMAX, Hegic, Opium, Pods) m\u016f\u017ee b\u00fdt klidn\u011b remake Bull &amp; Bear Binance, a futures u\u017e dok\u00e1zaly \u0161kodlivost pro trh, kde je v\u017edy dostatek neofit\u016f. Odtud \u2014 takov\u00e1 touha po <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/flipsidecrypto\/status\/1284117919887171584\">spekulac\u00edch<\/a><\/noindex>: a proto stablecoiny \u2014 je viditelnost, nikoliv realita, p\u0159i\u010dem\u017e jejich vliv <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/osnova-defi-i-toplivo-dlya-shem-pontsi-kak-stejblkoiny-vliyayut-na-rynok-kriptovalyut\/\">je velik\u00fd<\/a><\/noindex>, ale v psychologick\u00e9m smyslu, sp\u00ed\u0161e ne\u017e v ryze finan\u010dn\u00edm (ekonomick\u00e9m) m\u011b\u0159\u00edtku. To v\u0161e dohromady (z\u00e1vislost na likvidit\u011b, a ne na projekci produktu (tokenu); l\u00e1ska k viditeln\u00e9mu klidu (stablecoiny); \u00fatoky kv\u016fli nep\u0159em\u00fd\u0161liv\u00fdm model\u016fm (vampirsk\u00fd mining a podobn\u011b)) vytv\u00e1\u0159\u00ed <strong>efekt obr\u00e1cen\u00e9 pyramidy<\/strong>: \u0159ekn\u011bme, kapitalizace token\u016f <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CamiRusso\/status\/1282678985458163712\">ERC-20<\/a><\/noindex> m\u016f\u017ee klidn\u011b p\u0159evy\u0161ovat stejn\u00fd ukazatel p\u0159edch\u016fdce, ale bez n\u011bj vlastn\u011b nic neznamen\u00e1; a to je aktu\u00e1ln\u00ed tak\u00e9 proto, \u017ee se v\u0161e n\u00e1sob\u00ed obchodem s <noindex><a rel=\"nofollow\" href=\"https:\/\/cryptonews.net\/ru\/news\/market\/371545\/\">50x p\u00e1kou<\/a><\/noindex> a dokonce v\u00edce. <\/p>\n<p>V tomto smyslu je explozivn\u00ed sm\u011bs \u201eCeFi + DeFi\u201c (<noindex><a rel=\"nofollow\" href=\"https:\/\/medium.com\/stably-blog\/decentralized-finance-vs-traditional-finance-what-you-need-to-know-3b57aed7a0c2\">porovn\u00e1n\u00ed<\/a><\/noindex>), a to v\u0161e v \u00e9\u0159e <noindex><a rel=\"nofollow\" href=\"https:\/\/en.wikipedia.org\/wiki\/Central_bank_digital_currency\">CBDC<\/a><\/noindex>. (p\u0159\u00edklad BSC, op\u011bt uk\u00e1zkov\u00fd), kterou je t\u0159eba n\u00e1sobn\u011b roz\u0161\u00ed\u0159it na rozmanit\u00e9 \u00fatoky na (D\/L)PoS rodiny, vytv\u00e1\u0159\u00ed celou \u0159adu negativn\u00edch z\u00e1vislost\u00ed. Tot\u00e9\u017e vamp\u00edrsk\u00e9 <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AlexSaundersAU\/status\/1303912107520344064\">p\u0159et\u00e9k\u00e1n\u00ed<\/a><\/noindex> likvidity jako takov\u00e9 \u2014 chyba, ale kdy\u017e k tomu p\u0159ich\u00e1zej\u00ed probl\u00e9my s \u0159\u00eddic\u00edm syst\u00e9mem (op\u011bt p\u0159ipom\u00edn\u00e1m <noindex><a rel=\"nofollow\" href=\"https:\/\/medium.com\/bulldax-finance\/sushiswap-delegation-double-spending-bug-5adcc7b3830f\">Sushi<\/a><\/noindex>: pokud jste st\u00e1le nepochopili, pro\u010d, tak <noindex><a rel=\"nofollow\" href=\"https:\/\/cryptonews.net\/ru\/news\/altcoins\/372062\/\">studujte<\/a><\/noindex>), a pot\u00e9 se v\u0161e n\u00e1sob\u00ed skrze m\u011bnov\u00e9 vazby (m\u016f\u017eete se pod\u00edvat na Ampleforth, Soft Yearn (SYFI), Bull\/Bear Binance), vznik\u00e1 u\u017e ne zmatek, ale z\u00e1m\u011brn\u00e9 manipulace, hlavn\u00ed z nich\u017e spo\u010d\u00edv\u00e1 v tom, \u017ee STO se nikdy nestane ICO, a <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/lawmaster\/status\/1302464430505168897\">l\u00eddr pseudokryptoprojekt\u016f d\u011blaj\u00ed v\u0161e<\/a><\/noindex>, aby v\u017edy vypadali jako outsider, p\u0159i\u010dem\u017e mezit\u00edm vyd\u011bl\u00e1vaj\u00ed opravdu slu\u0161n\u00e9 pen\u00edze (dal\u0161\u00ed p\u0159\u00edklad: konfrontace Steem (Hive), Steemit &amp; Tron komunit nebo BTC-e v cel\u00e9 sv\u00e9 kr\u00e1se dlouho p\u0159ed popisovan\u00fdmi ud\u00e1lostmi). <\/p>\n<p>A\u0165 je jak chce, ale DeFi v tom smyslu, kter\u00fd mi je bl\u00edzk\u00fd, tedy jako plnohodnotn\u00e1 sada decentralizovan\u00fdch finan\u010dn\u00edch n\u00e1stroj\u016f, od nejjednodu\u0161\u0161\u00edho btc po slo\u017eit\u00e9 sch\u00e9mata z\u00e1stavy reputace, by m\u011bly vyv\u00edjet. A proto je d\u016fle\u017eit\u00e9, aby <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/damirbandalo\/status\/1295089928901140481\">tot\u00e1ln\u00ed ve\u0159ejn\u00e1 kontrola<\/a><\/noindex> se stalo normou. Jen v tomto p\u0159\u00edpad\u011b kombinace DEX + DAO prost\u0159ednictv\u00edm r\u016fzn\u00fdch Dapps (od prohl\u00ed\u017ee\u010d\u016f s Web 3.0 a pen\u011b\u017eenek po uzav\u0159en\u00e9 ekosyst\u00e9my) vytvo\u0159\u00ed skute\u010dn\u011b zaj\u00edmav\u00e9, inovativn\u00ed a p\u0159edev\u0161\u00edm \u2014 perspektivn\u00ed modely. Zat\u00edm v\u0161ak pozoruji jen hru na a s chamtivost\u00ed, a tak\u00e9 odklon od hlavn\u00edho krit\u00e9ria svobody \u2014 <noindex><a rel=\"nofollow\" href=\"https:\/\/vote.makerdao.com\/polling-proposal\/qmnxitxuc5u4inynq8ekh5vvbgomjzl6fudwzhawbshhgh\">od osobn\u00ed odpov\u011bdnosti<\/a><\/noindex>. <\/p>\n<p>V\u011bdoma si zku\u0161enost\u00ed ICO a velmi dob\u0159e, poznamen\u00e1m v\u0161ak je\u0161t\u011b toto: \u201ep\u0159ibli\u017en\u011b 49 % z p\u0159edn\u00edch startup\u016f v oblasti decentralizovan\u00e9ho financov\u00e1n\u00ed (DeFi) s\u00eddl\u00ed v USA. Takov\u00e9 \u00fadaje zve\u0159ejnili analytici&nbsp;<noindex><a rel=\"nofollow\" href=\"https:\/\/www.theblockcrypto.com\/genesis\/62607\/nearly-50-of-open-finance-firms-are-headquartered-in-the-united-states\">The Block<\/a><\/noindex>. Z 73 sledovan\u00fdch odborn\u00edky firem v odv\u011btv\u00ed s\u00eddl\u00ed 12 % ve Velk\u00e9 Brit\u00e1nii, dal\u0161\u00edch 10 % \u2014 ve Singapuru\u201c. To znamen\u00e1, \u017ee decentralizovan\u00e9 finance zat\u00edm z\u016fst\u00e1vaj\u00ed decentralizovan\u00e9 pouze slovn\u011b: ve skute\u010dnosti \u2014 st\u00e1le b\u011b\u017en\u00e9 spole\u010dnosti, a\u010dkoliv DAO \u2014 skv\u011bl\u00fd n\u00e1stroj automatizace a pro rozd\u011blen\u00ed dividend ur\u010dit\u011b l\u00e9pe vyhovuje ne\u017e akciov\u00e9 spole\u010dnosti nebo n\u011bjak\u00e1 LLC. Ale <noindex><a rel=\"nofollow\" href=\"https:\/\/cryptonews.net\/ru\/news\/finance\/395112\/\">USA si vzpom\u00ednaj\u00ed<\/a><\/noindex>, a pak \u2014 i regul\u00e1to\u0159i v jin\u00fdch jurisdikc\u00edch: pro\u010d to \u201e\u00fa\u010dastn\u00edci trhu\u201c zapomn\u011bli, nev\u00edm. <\/p>\n<p><em>Ale pro\u010d se to d\u011bje pr\u00e1v\u011b takto? <\/em><\/p>\n<p>Je to jednoduch\u00e9: \u201eProjekty DeFi ekosyst\u00e9mu funguj\u00ed <noindex><a rel=\"nofollow\" href=\"https:\/\/forklog.com\/dex-dao-i-tokenizirovannye-bitkoiny-kak-ne-zabluditsya-v-debryah-defi\/\">v 12 hlavn\u00edch oblastech<\/a><\/noindex>: predik\u010dn\u00ed trhy; decentralizovan\u00e9 autonomn\u00ed organizace (DAO); <noindex><a rel=\"nofollow\" href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A0%D0%B0%D0%B2%D0%BD%D0%BE%D0%BF%D1%80%D0%B0%D0%B2%D0%BD%D0%BE%D0%B5_%D0%BA%D1%80%D0%B5%D0%B4%D0%B8%D1%82%D0%BE%D0%B2%D0%B0%D0%BD%D0%B8%D0%B5\">\u00fav\u011brov\u00e1n\u00ed<\/a><\/noindex>; spr\u00e1va aktiv; deriv\u00e1ty; poji\u0161t\u011bn\u00ed; burzy a poskytovatel\u00e9 likvidity; stablecoiny; bankovnictv\u00ed a platby; infrastruktura; tr\u017ei\u0161t\u011b; tokenizace bitcoin\u016f\u201c. \u017d\u00e1dn\u00e1 slova o tokenizaci jako takov\u00e9, nic, co byste mohli potkat ve sv\u011bt\u011b tradi\u010dn\u00edch financ\u00ed. Nic. A tady TOP kategorie: <\/p>\n<p><img decoding=\"async\" alt=\"DeFi \u2014 p\u0159ehled trhu: podvody, \u010d\u00edsla, fakta, vyhl\u00eddky\" src=\"\/wp-content\/uploads\/2020\/10\/27416c68024cc640b285f32ecfea48b7.jpeg\" style=\"display:block;margin: 0 auto;\" \/><\/p>\n<p>Odtud i absurdnost: a\u010dkoliv upraven\u00fd ukazatel objemu uzam\u010den\u00fdch prost\u0159edk\u016f (Adjusted TVL) nebo nezam\u011bniteln\u00e9 tokeny (NFT) se zdaj\u00ed b\u00fdt atraktivn\u00ed (viz zku\u0161enost WAX nebo Dapper Labs prost\u0159ednictv\u00edm Dr. Seusse), p\u0159esto to v\u0161echno rovnou nem\u011bn\u00ed hlavn\u00ed \u2014 paradigma my\u0161len\u00ed. Spekulace trh\u016fm nic nep\u0159in\u00e1\u0161ej\u00ed, opakuji to pot\u0159et\u00ed b\u011bhem \u010dty\u0159 let. <\/p>\n<h3>Na z\u00e1v\u011br<\/h3>\n<p>M\u016fj pocit z DeFi v jeho sou\u010dasn\u00e9 podob\u011b je n\u00e1sleduj\u00edc\u00ed: p\u0159i\u0161el jsem na koncert, abych si poslechl svou obl\u00edbenou hudbu, ale zahr\u00e1li v\u00e1m \u00fapln\u011b n\u011bco jin\u00e9ho: m\u00edsto techniky Rachmaninova a souhry orchestru \u2014 neum\u011bl\u00fd jazz m\u00edstn\u00edch hudebn\u00edk\u016f, kter\u00fd n\u011bjak pova\u017euj\u00ed za inovativn\u00ed, i kdy\u017e n\u011bco podobn\u00e9ho se psalo u\u017e v 40. letech, v zakou\u0159en\u00e9 m\u00edstnosti a s hrozn\u00fdmi zbytky, kter\u00e9 zde n\u011bjak naz\u00fdvaj\u00ed j\u00eddlem, a je\u0161t\u011b za to v\u0161echno mus\u00edte platit trojn\u00e1sobn\u00e9 ceny! Mo\u017en\u00e1 je pot\u0159eba jin\u00fd s\u00e1l, muzikanti, nebo to nen\u00ed v\u016fbec v\u011bc\u00ed n\u00e1lady? Mo\u017en\u00e1 proto jsem se sna\u017eil b\u00fdt objektivn\u00ed a vyj\u00e1d\u0159it nejen to, co je jasn\u011b v neprosp\u011bch, ale i to, co lze za\u010d\u00edt aspo\u0148 zkoumat. <\/p>\n<p>V ka\u017ed\u00e9m p\u0159\u00edpad\u011b, co bylo \u0159e\u010deno <noindex><a rel=\"nofollow\" href=\"https:\/\/habr.com\/ru\/post\/403761\/\">4 roky zp\u00e1tky \u2014 st\u00e1le aktu\u00e1ln\u00ed<\/a><\/noindex>: pokud pro v\u00e1s, stejn\u011b jako pro m\u011b, p2p znamen\u00e1 spravedlnost (distribuce), rovnost (po\u010d\u00e1te\u010dn\u00ed podm\u00ednky) a spolupr\u00e1ci (prost\u0159ednictv\u00edm evoluce), pak existuj\u00edc\u00ed model DeFi jasn\u011b odporuje jak tomu, co je \u0159e\u010deno v genesis bloku Bitcoinu, tak tomu, o \u010dem psal Assange a ti, kte\u0159\u00ed ud\u011blali pro rozvoj kryptom\u011bn a blockchainu dost, aby byli sly\u0161eni. Ka\u017ed\u00fd si v\u0161ak m\u016f\u017ee myslet, \u017ee DeFi \u2014 <noindex><a rel=\"nofollow\" href=\"https:\/\/media.consensys.net\/defi-is-doing-to-money-what-email-did-to-the-postal-service-f0f85c871fa0\">nov\u00fd email<\/a><\/noindex>, a t\u00edm p\u00e1dem u\u017e ni\u010d\u00ed stereotypy, syst\u00e9m atd.: v\u017edy\u0165 nakonec, pro\u010d bych nem\u011bl b\u00fdt spokojen\u00fd? Segment DEX, jak jsem si p\u0159\u00e1l, <noindex><a rel=\"nofollow\" href=\"https:\/\/cryptonews.net\/ru\/news\/market\/371216\/\">se rozv\u00edj\u00ed a zrychluje<\/a><\/noindex> centralizovan\u00ed brat\u0159i; po\u010det u\u017eivatel\u016f kryptom\u011bn a samotn\u00fdch zdroj\u016f DeFi roste (pravda, zat\u00edm jde o des\u00edtky tis\u00edc v posledn\u00edm p\u0159\u00edpad\u011b, ale to u\u017e je podle velikosti \u2014 mal\u00e9 m\u011bsto); <noindex><a rel=\"nofollow\" href=\"https:\/\/medium.com\/dragonfly-research\/ethereum-is-now-unforkable-thanks-to-defi-9818b967738f\">Ethereum<\/a><\/noindex> urychluje se k verzi 2.0 a dal\u0161\u00ed, dal\u0161\u00ed, dal\u0161\u00ed. Ale v\u0161echno jako v anekdot\u011b s l\u017ei\u010dkami, kde se na\u0161ly, a pachu\u0165 z\u016fstala: m\u016f\u017eeme v\u016fbec toto t\u00e9ma nerozeb\u00edrat? Ano, ale pak se s\u00ed\u0165 zapln\u00ed sam\u00fdmi oslavn\u00fdmi \u00f3dami a dal\u0161\u00edm nekone\u010dn\u00fdm p\u0159\u00edvalem st\u00ed\u017enost\u00ed po: varov\u00e1n \u2014 ozbrojen, i kdy\u017e pouze intelektu\u00e1ln\u011b. To pr\u00e1v\u011b je \u2014 <strong>c\u00edl: p\u0159ej\u00edt od humbuku k \u010d\u00edsl\u016fm, fakt\u016fm a na nich zalo\u017een\u00fdm progn\u00f3z\u00e1m<\/strong>, a ne st\u00e1le om\u00edlat o bitcoinu za $100 000 nebo zbyte\u010dnosti toho v\u0161eho (\u0159\u00e1dek pro ty, kte\u0159\u00ed \u010dtou od konce).  <\/p>\n<h3>Kam d\u00e1l? <\/h3>\n<ol>\n<li>\n<p>Ten sam\u00fd <noindex><a rel=\"nofollow\" href=\"https:\/\/medium.com\/bollinger-investment-group\/liquidity-mining-a-user-centric-token-distribution-strategy-1d05c5174641\">z\u00e1jem<\/a><\/noindex>, kter\u00fd stoj\u00ed za p\u0159e\u010dten\u00ed, pokud chcete rozum\u011bt trochu v\u00edc: mysl\u00edm, \u017ee angli\u010dtina u\u017e d\u00e1vno nen\u00ed probl\u00e9m, minim\u00e1ln\u011b deepl svou pr\u00e1ci ur\u010dit\u011b ud\u011bl\u00e1. <\/p>\n<\/li>\n<li>\n<p>Jak je v\u017edy Twitter pro kryptopr\u016fmysl \u2014 pokladnice znalost\u00ed: tady <noindex><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AndreCronjeTech\/status\/1310763509521805312?\">p\u0159\u00edklad<\/a><\/noindex>, ale v\u00fd\u0161e je jich v\u00fdrazn\u011b v\u00edce a jednoduch\u00e9 hled\u00e1n\u00ed podle hashtag\u016f nab\u00eddne v\u00edce ne\u017e slo\u017eit\u00e1 anal\u00fdza podle rusk\u00fdch vyhled\u00e1va\u010d\u016f. <\/p>\n<\/li>\n<li>\n<p>Ale l\u00e9pe je <noindex><a rel=\"nofollow\" href=\"https:\/\/satoshi.nakamotoinstitute.org\/emails\/?view=threads\">za\u010d\u00edt s dopisy Satoshiho<\/a><\/noindex>: p\u0159esto\u017ee si to mnoho lid\u00ed n\u011bjak nev\u0161imlo, je tam d\u016fle\u017eit\u00e9 a zaj\u00edmav\u00e9 \u2014 plno. <\/p>\n<\/li>\n<\/ol>\n<p>A zat\u00edm \u2014 na shledanou!<\/p>\n<h3>P.S.<\/h3>\n<p><em>Neposlouchal jsem o rizic\u00edch oracle, o sofistikovan\u00fdch \u00fatoc\u00edch a o mnoha dal\u0161\u00edch t\u00e9matech, v\u010detn\u011b netrivi\u00e1ln\u00edch p\u0159\u00edstup\u016f k analytice otev\u0159en\u00fdch dat, tak\u017ee pokud bude z\u00e1jem ze strany komunity Habr, r\u00e1d budu pokra\u010dovat: zejm\u00e9na proto, \u017ee krize 2018-2022 je\u0161t\u011b neskon\u010dila, a to znamen\u00e1, \u017ee podvodn\u00edci budou vyhled\u00e1vat prost\u0159edky, v\u00fdvoj\u00e1\u0159i hledat projekty, podnikatel\u00e9 je vym\u00fd\u0161let: i kdy\u017e zat\u00edm ti posledn\u00ed s t\u011bmi druh\u00fdmi nejsou nijak spojeni, vl\u00e1dnou p\u0159edev\u0161\u00edm ti prvn\u00ed\u2026 <\/em><\/p>\n<p>V\u0161em, kdo si mysl\u00ed, \u017ee by \u010dl\u00e1nek m\u011bl b\u00fdt v\u011bnov\u00e1n odpov\u011bdi na ot\u00e1zku, co je DeFi \u2013 viz prvn\u00ed odstavec po citac\u00edch. <\/p>\n<p>UPD. Kdybych v\u011bd\u011bl, \u017ee\u2026 vy\u0161lo to u\u017e po publikaci m\u00e9ho \u010dl\u00e1nku, ale <noindex><a rel=\"nofollow\" href=\"https:\/\/www.coindesk.com\/r3-corda-network-xdc-token-cordite-society\">extr\u00e9mn\u011b d\u016fle\u017eit\u00e1 zpr\u00e1va<\/a><\/noindex>: sv\u00e9r\u00e1zn\u00e1 odpov\u011b\u010f od bank sm\u011brem k DeFi.<\/p>\n<p>Zdroj: <a content=\"nofollow\" rel=\"nofollow\" href=\"https:\/\/habr.com\/ru\/post\/522504\/\">habr.com<\/a> <\/p>","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>DeFi \u0432\u0441\u0451 \u0435\u0449\u0451 \u0432 \u043f\u043e\u0440\u044f\u0434\u043a\u0435, \u043d\u043e \u043d\u0435 \u043d\u0430\u0434\u043e \u0432\u0435\u0441\u0442\u0438 \u0441\u0435\u0431\u044f \u0442\u0430\u043a, \u0431\u0443\u0434\u0442\u043e \u044d\u0442\u043e \u043c\u0435\u0441\u0442\u043e, \u043a\u0443\u0434\u0430 \u043c\u043d\u043e\u0436\u0435\u0441\u0442\u0432\u043e \u043e\u0431\u044b\u0447\u043d\u044b\u0445 \u043b\u044e\u0434\u0435\u0439 \u0434\u043e\u043b\u0436\u043d\u044b \u043d\u0435\u0441\u0442\u0438 \u0432\u0441\u0435 \u0441\u0432\u043e\u0438 \u0441\u0431\u0435\u0440\u0435\u0436\u0435\u043d\u0438\u044f. \u0412. \u0411\u0443\u0442\u0435\u0440\u0438\u043d, \u0441\u043e\u0437\u0434\u0430\u0442\u0435\u043b\u044c Ethereum. \u0426\u0435\u043b\u044c DeFi, \u043a\u0430\u043a \u044f \u043f\u043e\u043d\u0438\u043c\u0430\u044e, \u0441\u043e\u0441\u0442\u043e\u0438\u0442 \u0432 \u0442\u043e\u043c, \u0447\u0442\u043e\u0431\u044b \u0443\u0441\u0442\u0440\u0430\u043d\u0438\u0442\u044c \u043f\u043e\u0441\u0440\u0435\u0434\u043d\u0438\u043a\u043e\u0432 \u0438 \u043f\u043e\u0437\u0432\u043e\u043b\u0438\u0442\u044c \u043b\u044e\u0434\u044f\u043c \u043d\u0430\u043f\u0440\u044f\u043c\u0443\u044e \u0432\u0437\u0430\u0438\u043c\u043e\u0434\u0435\u0439\u0441\u0442\u0432\u043e\u0432\u0430\u0442\u044c \u0434\u0440\u0443\u0433 \u0441 \u0434\u0440\u0443\u0433\u043e\u043c. \u0418, \u043a\u0430\u043a \u043f\u0440\u0430\u0432\u0438\u043b\u043e, \u043d\u0430\u0434\u0437\u043e\u0440 \u043d\u0430\u0434 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0439 \u0441\u0438\u0441\u0442\u0435\u043c\u043e\u0439 \u0432\u044b\u0441\u0442\u0440\u043e\u0435\u043d \u0442\u0430\u043a\u0438\u043c [&hellip;]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":97732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[688],"tags":[],"class_list":["post-97731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-administrirovanie"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"description\" content=\"DeFi \u0432\u0441\u0451 \u0435\u0449\u0451 \u0432 \u043f\u043e\u0440\u044f\u0434\u043a\u0435, \u043d\u043e \u043d\u0435 \u043d\u0430\u0434\u043e \u0432\u0435\u0441\u0442\u0438 \u0441\u0435\u0431\u044f \u0442\u0430\u043a, \u0431\u0443\u0434\u0442\u043e \u044d\u0442\u043e \u043c\u0435\u0441\u0442\u043e, \u043a\u0443\u0434\u0430 \u043c\u043d\u043e\u0436\u0435\u0441\u0442\u0432\u043e \u043e\u0431\u044b\u0447\u043d\u044b\u0445 \u043b\u044e\u0434\u0435\u0439 \u0434\u043e\u043b\u0436\u043d\u044b \u043d\u0435\u0441\u0442\u0438 \u0432\u0441\u0435 \u0441\u0432\u043e\u0438 \u0441\u0431\u0435\u0440\u0435\u0436\u0435\u043d\u0438\u044f. \u0412. \u0411\u0443\u0442\u0435\u0440\u0438\u043d, \u0441\u043e\u0437\u0434\u0430\u0442\u0435\u043b\u044c Ethereum.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Yuri Gagarin\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/prohoster.info\/cs\/blog\/administrirovanie\/defi-obzor-rynka-skamy-czifry-fakty-perspektivy\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.3\" \/>\n\t\t<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n\t\t<meta property=\"og:site_name\" content=\"ProHoster | \u041a\u0443\u043f\u0438\u0442\u044c \u043d\u0430\u0434\u0435\u0436\u043d\u044b\u0439 \u0445\u043e\u0441\u0442\u0438\u043d\u0433 \u0434\u043b\u044f \u0441\u0430\u0439\u0442\u043e\u0432 \u0441 \u0437\u0430\u0449\u0438\u0442\u043e\u0439 \u043e\u0442 DDoS, VPS VDS \u0441\u0435\u0440\u0432\u0435\u0440\u044b\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"\ud83e\udd47DeFi \u2014 \u043e\u0431\u0437\u043e\u0440 \u0440\u044b\u043d\u043a\u0430: \u0441\u043a\u0430\u043c\u044b, \u0446\u0438\u0444\u0440\u044b, \u0444\u0430\u043a\u0442\u044b, \u043f\u0435\u0440\u0441\u043f\u0435\u043a\u0442\u0438\u0432\u044b | ProHoster\" \/>\n\t\t<meta property=\"og:description\" content=\"DeFi \u0432\u0441\u0451 \u0435\u0449\u0451 \u0432 \u043f\u043e\u0440\u044f\u0434\u043a\u0435, \u043d\u043e \u043d\u0435 \u043d\u0430\u0434\u043e \u0432\u0435\u0441\u0442\u0438 \u0441\u0435\u0431\u044f \u0442\u0430\u043a, \u0431\u0443\u0434\u0442\u043e \u044d\u0442\u043e \u043c\u0435\u0441\u0442\u043e, \u043a\u0443\u0434\u0430 \u043c\u043d\u043e\u0436\u0435\u0441\u0442\u0432\u043e \u043e\u0431\u044b\u0447\u043d\u044b\u0445 \u043b\u044e\u0434\u0435\u0439 \u0434\u043e\u043b\u0436\u043d\u044b \u043d\u0435\u0441\u0442\u0438 \u0432\u0441\u0435 \u0441\u0432\u043e\u0438 \u0441\u0431\u0435\u0440\u0435\u0436\u0435\u043d\u0438\u044f. \u0412. \u0411\u0443\u0442\u0435\u0440\u0438\u043d, \u0441\u043e\u0437\u0434\u0430\u0442\u0435\u043b\u044c Ethereum.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/prohoster.info\/cs\/blog\/administrirovanie\/defi-obzor-rynka-skamy-czifry-fakty-perspektivy\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/prohoster.info\/wp-content\/uploads\/2021\/11\/logo-350.jpg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/prohoster.info\/wp-content\/uploads\/2021\/11\/logo-350.jpg\" \/>\n\t\t<meta property=\"og:image:width\" content=\"350\" \/>\n\t\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2020-10-21T06:42:26+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2020-10-21T06:42:26+00:00\" \/>\n\t\t<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/prohoster\" \/>\n\t\t<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/prohoster\" \/>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"\ud83e\udd47DeFi \u2014 p\u0159ehled trhu: podvody, \u010d\u00edsla, fakta, perspektivy | ProHoster","description":"DeFi je st\u00e1le v po\u0159\u00e1dku, ale nem\u011bli bychom se chovat tak, jako by to bylo m\u00edsto, kam by m\u011bli oby\u010dejn\u00ed lid\u00e9 nosit v\u0161echny sv\u00e9 \u00faspory. V. Buterin, zakladatel Ethereum.","canonical_url":"https:\/\/prohoster.info\/cs\/blog\/administrirovanie\/defi-obzor-rynka-skamy-czifry-fakty-perspektivy","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":null,"og:locale":"cs_CZ","og:site_name":"ProHoster | \u041a\u0443\u043f\u0438\u0442\u044c \u043d\u0430\u0434\u0435\u0436\u043d\u044b\u0439 \u0445\u043e\u0441\u0442\u0438\u043d\u0433 \u0434\u043b\u044f \u0441\u0430\u0439\u0442\u043e\u0432 \u0441 \u0437\u0430\u0449\u0438\u0442\u043e\u0439 \u043e\u0442 DDoS, VPS VDS \u0441\u0435\u0440\u0432\u0435\u0440\u044b","og:type":"article","og:title":"\ud83e\udd47DeFi \u2014 \u043e\u0431\u0437\u043e\u0440 \u0440\u044b\u043d\u043a\u0430: \u0441\u043a\u0430\u043c\u044b, \u0446\u0438\u0444\u0440\u044b, \u0444\u0430\u043a\u0442\u044b, \u043f\u0435\u0440\u0441\u043f\u0435\u043a\u0442\u0438\u0432\u044b | ProHoster","og:description":"DeFi \u0432\u0441\u0451 \u0435\u0449\u0451 \u0432 \u043f\u043e\u0440\u044f\u0434\u043a\u0435, \u043d\u043e \u043d\u0435 \u043d\u0430\u0434\u043e \u0432\u0435\u0441\u0442\u0438 \u0441\u0435\u0431\u044f \u0442\u0430\u043a, \u0431\u0443\u0434\u0442\u043e \u044d\u0442\u043e \u043c\u0435\u0441\u0442\u043e, \u043a\u0443\u0434\u0430 \u043c\u043d\u043e\u0436\u0435\u0441\u0442\u0432\u043e \u043e\u0431\u044b\u0447\u043d\u044b\u0445 \u043b\u044e\u0434\u0435\u0439 \u0434\u043e\u043b\u0436\u043d\u044b \u043d\u0435\u0441\u0442\u0438 \u0432\u0441\u0435 \u0441\u0432\u043e\u0438 \u0441\u0431\u0435\u0440\u0435\u0436\u0435\u043d\u0438\u044f. \u0412. \u0411\u0443\u0442\u0435\u0440\u0438\u043d, \u0441\u043e\u0437\u0434\u0430\u0442\u0435\u043b\u044c Ethereum.","og:url":"https:\/\/prohoster.info\/cs\/blog\/administrirovanie\/defi-obzor-rynka-skamy-czifry-fakty-perspektivy","og:image":"https:\/\/prohoster.info\/wp-content\/uploads\/2021\/11\/logo-350.jpg","og:image:secure_url":"https:\/\/prohoster.info\/wp-content\/uploads\/2021\/11\/logo-350.jpg","og:image:width":350,"og:image:height":350,"article:published_time":"2020-10-21T06:42:26+00:00","article:modified_time":"2020-10-21T06:42:26+00:00","article:publisher":"https:\/\/www.facebook.com\/prohoster","article:author":"https:\/\/www.facebook.com\/prohoster"},"aioseo_meta_data":{"post_id":"97731","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":null,"schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"seo_analyzer_scan_date":null,"breadcrumb_settings":null,"limit_modified_date":false,"reviewed_by":null,"ai":null,"created":"2021-02-28 10:14:39","updated":"2022-09-30 07:33:42","focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/posts\/97731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/comments?post=97731"}],"version-history":[{"count":0,"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/posts\/97731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/media\/97732"}],"wp:attachment":[{"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/media?parent=97731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/categories?post=97731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prohoster.info\/cs\/wp-json\/wp\/v2\/tags?post=97731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}