[notahacker]

Not to mention that traditional finance helps billions of people and businesses buy their houses, spread out payments, invest in their futures, see their business through growth/lean periods etc. There are real world success stories - too many to aggregate even within people's own social circles.

On the other hand, if there are people using DeFi's ability to take out very short term overcollateralised loans at above tradfi rates to finance anything other than speculation on crypto, they're being very quiet about it...