> Everyone arguing regulators are evil is genuinely tech and finance savvy. The regulator is not there to protect them. They are there to protect the vast major

> Everyone arguing regulators are evil is genuinely tech and finance savvy. The regulator is not there to protect them. They are there to protect the vast majority I agree. But a funny thing I wanted to remark on is that this dynamic makes defi (and any other esoterica) better (or less worse, depending on your POV) than it "deserves" to be. It essentially functions as a less-regulated side track for those savvy enough to use it, and this self-selecting population is one that does not need as much regulation as the general population. Of course, this is until defi gets packaged into nice, consumer-friendly products you can buy with a couple of swipes, which is already happening.