[josefrichter]

on a related note: I mentioned in other comment here that people will demand regulation. On the other hand, on numerous occasions I've stated that the next financial crisis will come from crypto. You already have wrapped tokens, tokens that wrap other yield making tokens, tokens that are just confirmation of collateral, yet they can be used as collateral elsewhere, tokens that can wrap multiple different tokens, NFTs that can wrap other NFTs, etc. etc.

Given the human nature, it's pretty much inevitable that some dirt will get lost in this chain, and we will face the exact same fate as we did with CDOs, just with different terminology.