[mtkhaos]

Issue is they reinvented the wheel in the crypto space. Centralized or decentralized it's all on the same market is only a matter of scale. As even in centralized markets the concept of edge is just hitting parity.

What really surprised me about the space was the refusing of not registering as a speculative asset. As even if you look into the regulations, it's merely making the mechanisms transparent and creating reporting.

As if DeFi followed through with the true promise of decentralization and transparency. The FTX situation would never have happened in the first place. So with that, the crypto space actually went against its principles and we are seeing the result.