most DeFi projects are just engineers reading the first paragraph of a finance Wikipedia article and thinking that they can do better. There's a misplaced beli

most DeFi projects are just engineers reading the first paragraph of a finance Wikipedia article and thinking that they can do better. There's a misplaced belief that all regulations around money just popped out of nowhere. In reality, all those regulations were built up over time in response to different scams and schemes. And crypto wants to erase all that learned experience and start from scratch.