> But they love the value of their startup(s) && SF housing when the speculation on assets benefits them directly. This is the crux of it. The average HNer ei

> But they love the value of their startup(s) && SF housing when the speculation on assets benefits them directly. This is the crux of it. The average HNer either already is a beneficiary of the legacy financial system (i.e. wealth derived from investor-provided capital, be it through investment rounds or a "successful exit") or aspires to be one. They're coming from a place of privilege - and decentralized finance threatens that privilege.