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You’ve got a great point here; decentralized finance has no villain (except perhaps the contract creators, but they don’t have your money) so when things go sou
by jkhdigital 5y ago
You’ve got a great point here; decentralized finance has no villain (except perhaps the contract creators, but they don’t have your money) so when things go south there’s no one to blame except yourself. The only solution is to stop participating an unsustainable system, and when enough people choose to do so we might get back to an economy based on reality rather than derivatives.
- cinquemb 5y agoAs much as I agree with what you are saying, wrt > rather than derivatives. I don't think this will go away, just that we'll find ourselves in a new steady state where those who can enable better management of the derivatives through decentralized protocol's will become more in charge (to the degree anyone can be in charge if a after deployment of contracts, operation is mainly done through incentivized contract function for management of the protocols that any one can call, and the core logic of the contracts cannot be modified without redeployment of new contracts) of resource allocation.