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I think no one really knows whether DeFi can be really safer than OldFi. Since it's old, we sort of know what to expect. In DeFi we obviously are still discover
by rmbyrro 5y ago
I think no one really knows whether DeFi can be really safer than OldFi. Since it's old, we sort of know what to expect. In DeFi we obviously are still discovering.
I dislike OldFi and want to contribute to a new, healthier system to serve people in general. But, short term, risk of DeFi is obviously higher due to its imaturity.
OldFi has been maturing for 100's of years. Perhaps we could argue 1000's. It'll take at least 20-50 more years to reach a similar maturity in DeFi.
By maturity I mean: people understand the risks and know what to expect.