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DeFi expert Ryan Sean Adams explained the Ethereum ecosystem on Twitter using an analogy. The DeFi expert used various elements from taxes to central banks, from stocks to laws while describing Ethereum.
DeFi expert and cryptocurrency investor Ryan Sean Adams shared a Twitter post explaining the Ethereum ecosystem. The expert described Ethereum as follows:
“Ethereum is an economy, ETH is a reserve asset.
Staked ETH is a treasury bill.
Ethereum’s blocking system is oil.
Ethereum transaction fees are taxes.
ETH validators are soldiers.
The algorithm is the central bank.
DeFi is the banking system.
DeFi tokens are stocks.
Codes are laws. “
This cryptocurrency investor analogy has garnered hundreds of likes. Some users found Adams’ analogy to be correct, while others commented negatively.
“Police and justice are missing”
A Twitter user named MarcoPolo made a comment criticizing the fact that “codes are laws” part of Adams’ analogy. The user mentioned that this proposal shows that it is not possible to be hacked in any way, but that we need police and justice after every hacking attack.
Serious criticism of the DeFi expert
A user named Joe007 was one of those who didn’t like Adams’ analogy. Targeting Ryan Sean Adams’ tweet, Joe007 said, “Every single statement here is a lie. It is very successful to collect so many lies in a single tweet, even by the standards of an ETH distributor. “he said. A user criticizing this interpretation of Joe007 said:” The code is the law. Isn’t this the purpose of ETC? “she asked. Joe said:
“Unless Vitalik says otherwise, the code is the law. Here is a rich sentence for you! “
