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by NicoJuicy 1891 days ago
A lot of jurisdictions if everything goes wrong:

https://www.proofofhumanity.id/ - exists since 2021-01-20 | whois unavailable | 1 Guy from Brazil on Github

https://yearn.finance/ - exists since 2020 | Iceland

https://sablier.finance - iceland

https://app.pooltogether.com | canada

https://alchemix.fi/ Charlestown? - France

monolith.xyz | US

No thanks. I'll keep everything through the bank in my country, which I can call everytime if something would be wrong.

1 comments

Those are mostly just front ends (expect monolith which is just for visa, not a long term thing), I can make/host my own front ends for the protocols if i want.

e.g. the yearn dai vault address is 0x19D3364A399d251E894aC732651be8B0E4e85001 i can call the functions at that address via my own node with my own code if i want to.

It isn't in a jurisdiction, no-one else is responsible for my money but me. That comes with risk sure, but it also comes with liberty. They are decentralized applications and I can always opt out and move somewhere else. I can take their code for their financial application, fork it and re-deploy my own version under my central control if i wanted too. Imagine forking a HSBC savings account. It is wild and crazy. Some people don't like that. I love it.

You can feel free to do as you like. A lot of the interest in crypto is that if these tools allow people to coordinate and communicate more effectively than the old tools, then they will come to replace them. If it works as we imagine then you may end up using it and not even knowing.

But you're using all sort of things which i already have access to.

I wouldn't want all my money on a platform with "risks", for something i already have.

Could be fun, doesn't make it useful though.