> Why be afraid of fraud on blockchain? In the case of DeFi the contracts are technically readable (though EVM is not a good platform for readability; if you ca

> Why be afraid of fraud on blockchain? In the case of DeFi the contracts are technically readable (though EVM is not a good platform for readability; if you can't name projects which have fixed this you don't have the right to make fun of "its early"), and those that cannot read contracts for whatever reason are fully aware of the risk they take - when more versed people agree in unison there are no inbuilt scams the laymen can remove their risk. Being readable will not stop bugs. This is the history of software engineering. Heartbleed went unnoticed for years, for instance. Putting the onus on the participants to verify a bug-free smart contract is kind of absurd if you ask me. It's just not possible and definitely won't scale.