> But think about where faith is being placed in traditional software vs. decentralized software: with traditional software, you rely on a whistleblower inside

> But think about where faith is being placed in traditional software vs. decentralized software: with traditional software, you rely on a whistleblower inside the company, or a government agency to expose corruption, malpractice, maliciousness, noncompliance, or incompetence. Indeed. > In a dapp, there are also knowledgeable watchdogs who are incentivized to expose scams/fraud, or report bugs Indeed. Moreover, they are incentivised to actively seek out and exploit those bugs because there are literally no avenues of recourse. > Traditional applications basically rely a lot on "security by obscurity" No. No they don't. > The biggest problem with crypto for the average person is that it's incredibly hard to assess risk in order to develop risk-appropriate strategies and expectations for interacting with crypto. Indeed. Whereas with "traditional applications" you have anything from regulations to courts in case something goes wrong. > those of us who have more insight into the technology (and the risks) should be advising less technical participants to be incredibly cautious Yeah. Yeah. Those who actually have insight into technology clearly and openly call that almost all crypto projects are scams. And that "smart" "contracts" are neither smart nor contracts and run obscure code whose authors often don't know how it works. The people who pretend to be knowledgable and advising post things like "I can look at the contracts and see <various things>" perpetuating the myth that this is true.