> Imagine if personal bank accounts were this rife with fraud! They are. Nobody is prosecuted. The user experience is nice because the depositor is typically r

> Imagine if personal bank accounts were this rife with fraud! They are. Nobody is prosecuted. The user experience is nice because the depositor is typically reimbursed quickly. Banks often do lose the actual money though. Insurance and other redundancies were added retroactively by banks who didn't want to pay for insurance, and got the state to do it, simultaneously adding enough confidence to stuff their coffers under any circumstance. There is insurance in the DeFi space too. People that open policies are reimbursed in hacks. It is interesting that these thought pieces seem to lack any use of the products or integration in the community as the language would be pretty different, but the irony is that nobody in the community is interested in writing these thought pieces. It eludes most people that are disillusioned or were already chronically skeptical, but the most productive approach is to talk about the future state of these systems and how they can be improved. For example, I think it is absurd that people have to manually understand that there are competing third party insurance platforms they have to use for every DeFi operation they make, so it could instead be automatic to craft the best policy alongside their transaction into another DeFi platform. It is incredibly lucrative to make ever-so-slight improvements to this space. The people that do build here do that, the activist investors in the space push teams towards roadmaps the teams didn't originally consider. I think many people miss that they can have outsized influence, its not going away so make it better.