[burnished]

Can you explain that in smaller words, with more verbs? I'm also under the impression that a big smart contract went tits up recently and the establishment resorted to legal threats due to a huge loss of money which isn't confidence inspiring.

But more to the point, what would stop JPMorgan from getting in on the game if there was money to be made?

[errantmind]

Nothing will stop JPMorgan from getting into the game who are trying to middleman / rent-seek from end users desiring a bridge from traditional finance to DeFi. However, as DeFi matures and new generations of users become accustomed to working directly with the technology, the role of the rent-seekers is systemically eliminated.

Long-term, it is in TradFi's best interested to oppose the emergence of DeFi. I predict they will use common and tired arguments to push for strong government regulations similar to those on TradFi, to encumber it and add to their own value-prop.

Also, some smart contracts can and will implode on occasion and that is fine. DeFi returns power (and responsibility) to the users, but as they are not used to having this level of responsibility there are bound to be losses here and there due to technical incompetence.