>It's depressing to me that there is such a vocal group of people cheerleading the demise of an industry that seeks to improve the financial system on a global

>It's depressing to me that there is such a vocal group of people cheerleading the demise of an industry that seeks to improve the financial system on a global scale. This kind of feels like a disingenuous description of what's happening, as though it's willfully ignorant of what's clearly being discussed here. People are cheerleading the demise of the snake oil and grifting that is insanely prevalent in a new, unregulated industry. >There is an incredible amount of fraud in crypto and it should be identified, stamped out and vigorously prosecuted. So you're on board with us then! :p >But there is also genuine genius at work solving difficult problems for everyone's benefit. Yep. Good for them. Fuck everyone else taking part in the grift. I'm certain you'll find plenty of people "cheerleading the demise of the industry" who share this viewpoint. > It is terrible that people are losing money so easily and is a reminder that crypto isn't solving the problem of fools being parted from their money. Presumably that's what laws and regulations do. At the risk of starting a much larger discussion that I am wholly unqualified to take part in, that's a pretty damning comment to make in regards to DeFi. Doesn't bode well for it's future if a lack of regulation is just going to push people away from adopting it out of fear of losing money. Edit: If you want "crypto" or DeFi to succeed, you should be cheering with us when these assholes fall.