Zeno's Dichotomy Paradox and High Risk Applications
Developed by the ancient Greek philosopher Zeno, the dichotomy paradox has occupied many scholars for centuries. Zeno asks us to imagine that Atalanta, the hunter from Greek mythology, is on her way home. To reach her house, she has to cross half the way first. This journey will certainly take a certain amount of time. She then has to cover half the remaining distance and then half the remaining distance. This will go on forever and Atalanta will never reach her home. However, in daily life, we can reach our homes in a finite time frame - if the traffic in Istanbul is not completely locked.
Although many solutions have been brought to the problem over time, I like the geometric solution the most. Because, as seen in the figure below, the remaining quadrilaterals remain inside the square no matter how much they are divided.
In modern mathematics, it is possible to solve this problem easily by adapting it to the limit function, and quantum physics tells us that space cannot be divided forever. When it comes to dimensions smaller than the Planck distance, which is 1.6x10-35 meters, the laws of physics we know lose their validity.
What if we deposited some cryptocurrency into a smart contract and owned a certain percentage of the pool with that money, and we were paid a certain percentage of our money forever? Crypto applications that work with this logic are called high-risk applications and the list can be accessed from here: https://dappradar.com/rankings/category/high-risk.
These apps do not have their standalone cryptocurrencies, investments and payments are made through cryptocurrencies such as BNB and Tron. Another feature is that you can't get back the initial you invested. In return, they promise a daily return of 2% to 4%. Even if a 2% daily return is paid, you get your principal back in 50 days with the simple interest calculation and then you turn to profit. Provided, of course, that other people join the system after you. Otherwise, you are faced with payments that never run out in theory but are constantly shrinking. Some apps limit the total return to 200%, 300%, while others promise returns forever.
Among these applications, I would like to point out that there are many applications created for rug pull purposes. So, the risk is not limited to just getting your principal money back in a very long time.
About two weeks ago, I made small trial investments in https://bnbminer.finance/ and https://troncarry.com/. Both are active for now. BNBMiner, which provides a daily return of 3 percent on BNB investments, has been in operation for six months and seems to have satisfied its first investors. Those who can enter early and exit the system on time in Ponzi scheme-style investments make profits. It is not a coincidence that BNBMiner has survived for 6 months, because the rate of return automatically decreases when there is no new fund flow to the system. In terms of new entrants, the daily rate of 3 percent does not change.
The Troncarry application, on the other hand, provides a daily return of 2 percent. In this application, you can withdraw 60% of your income. 40% of the return is added to your principal. Troncarry's payout rates haven't declined. I deposited 4000 Tron. So far, I have withdrawn 1500 Tron and now I have 5000 Tron in my account. I don't know how long the system will last.
Among the high-risk applications, one called BNBFactor caught my attention. The application was reviewed by Certik and two issues were particularly noted. The first issue is the inability to withdraw the principal. The second is that the promised daily return can only be paid if there are enough funds in the pool. Despite all these warnings, people are interested in the application at the moment. I recommend doing detailed research before making such high-risk, experimental investments.
Of course, it would be preferable if the investment had a meaning beyond transferring the resources of late entrants to early entrants. On the other hand, the value generated by financial speculation in the crypto world is intertwined. Some are interested in such experimental investments, and the mechanisms experimented may turn into more sustainable forms over time.
Thank you for reading.
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