> controlled by no one, with standardized API's Controlled by no one, but suddenly standardized APIs exist. Who standardized them? Controlled by no one, but s

> controlled by no one, with standardized API's Controlled by no one, but suddenly standardized APIs exist. Who standardized them? Controlled by no one, but suddenly everyone is going to use those standardized APIs that appeared by magic. And even those entities that never ever used open or standardized APIs will rush to use them because blockchain. > We've never had this before, and it's incredible how fast the DeFi space is moving because of it Theres nothing amazing about companies busy reinventing flash loans and currency speculation. > This is a radical new way of building finance and it's the fastest paced industry I've ever been a part of. It's only fast because it deals in fantasy tokens in a very limited scope with zero oversight or regulation. And this space is busy re-discovering why these regulations exist in the first place. > Like AWS people didn't understand the value initially Most people understood AWS value initially. 2-3 years after launch everyone understood AWS. Now everyone uses it. AWS provided, and still provides, a multitude of services that are actually useful. Where as the "fast moving space" offers nothing outside the "buy low sell high flash loan" hamster wheel that is "defi"? > I think a lot of HN doesn't get it because they don't work in finance, but everyone I've talked to who works in finance (or has to deal with their archaic systems) is really excited about the possibilities. There are very very few people in finance who are excited about it. For many, many, many reasons. Those who are excited are excited for all the wrong reasons: scams, speculations, unlimited investor money. The last one will probably go away soon. Speculations are only valuable as long as the fictional tokens are valuable for some definition of value. There's almost nothing else in the crypto space.