Yeah - this is definitely something I wonder about: https://twitter.com/zachalberico/status/1390331653541687299?s=20 https://twitter.com/zachalberico/status/139

Yeah - this is definitely something I wonder about: https://twitter.com/zachalberico/status/1390331653541687299?s=20 https://twitter.com/zachalberico/status/1390331653541687299?... If you create a system without a central authority able to correct for incentive failures of system design, you can end up trapped by the incentives themselves. [0] That can lead to bad outcomes we already see in existing systems (NIMBY housing, partisan politics, etc.) 2008 loans to save the system were wildly successful, in DeFi - there is no authority that can jump in with liquidity temporarily to save the system. Maybe some consensus could be reached, but it definitely seems like there's big future risk in this area. [0]: Moloch basically: https://slatestarcodex.com/2014/07/30/meditations-on-moloch/ https://slatestarcodex.com/2014/07/30/meditations-on-moloch/