[hobomatic]

And ultimately, every sort of trust system requires bootstrapping on points of centralization.

People are like 'well yeah obviously' but no, not obviously in everyway to everyone. And the statistics will not save you when someone finds the next oopsie that can steal your investment, and there will always be a next one. Neither will any institutions.

[hypertele-Xii]

What's worse, crypto is actively marketed as "trustless".