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The shady thing in the whole cryptocurrency scheme is the lack of total transparency, aka: lack of regulations. Without regulations there's absolutely no incen
by piva00 4y ago
The shady thing in the whole cryptocurrency scheme is the lack of total transparency, aka: lack of regulations.
Without regulations there's absolutely no incentive for them to be transparent, there are tons of perverse incentives to hide and cook the books though.
- TimJRobinson 4y agoDeFi products like Uniswap, Balancer, GMX are all 100% open source and transparent. They can't lock customer funds or collapse because the funds are held by code, not humans who can secretly gamble it away. It's frustrating that centralized opaque companies keep failing and yet people keep trusting them or lumping DeFi into the same bucket when they are night and day different. Decentralized Finance is the point of Crypto.
- piva00 4y agoDeFi, where buggy code is the law and there's no reversing transactions in case of it. No, thanks...