1. Everyone in DeFi has failed. It’s that simple. There is one way to keep the DeFi vision alive as framed it but nobody has done the work. 🧵on what has been done and what needs to be done to avoid the desired/expected outcome. 👇
Conversation
Valid points. From the access side of things, DeFi hasn’t failed, though. There’s nobody barring people from financial instruments that can help improve one’s quality of life, even if that’s merely incremental at this stage. “Open finance” is probably a better term.
1
1
5
Failure is on the approach to policy. Not the tech. Though, I still think we have built DeFi in a way that is not censorship resistant enough. Hopefully we can get better there. Access isn’t good enough if access can be shut down too easily.
2
1
6
Is the friction with policymakers in the discourse or the incentives? No matter how clear and empathetic we are, if the counterparty already has rigid presumptions, or expectations (which is to retain a degree of censorship), then how much progress (positive change) can be made?
2
2
a variety but much of it is in the discourse
they really are eager to learn!
Show additional replies, including those that may contain offensive content
Show