[cactus2093]

It is a neat property but lines like this trip me up: "it's incredible how fast the DeFi space is moving because of it".

The crypto/dapp/defi/etc spaces have supposedly been "moving incredibly fast" and "all the smartest people are working on it" for ~5 years now. That's a long time to be moving really fast without really getting anywhere. Where's the payoff?

To me this space feels like a solution without a real problem. The decentralized part is a neat trick, but on the margin a centralized authority to mediate financial platforms is more good than bad.

[bombcar]

I feel the "value" of DeFi only appears once all the scams have broken - and then only if there is actual value in trading crypto beyond just buying drugs or whatever people used to do with bitcoin before it was "popular".

[timmytokyo]

And these arguments are being made just as the crypto industry is imploding all around us. Gives new meaning to the motto "move fast and break things".