Hi asset managers and traditional finance folks not in crypto/DeFi - what (serious) questions do you have which you need answered before deciding to invest? Or more specifically - what lingering risk questions and concerns do you have preventing you from investing?
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This is a v vague question and the answer could be a book. But broadly there are counterparty concerns (eg creditworthiness and trustworthiness of exchanges), security concerns (both with exchanges but also third parties such as custodians, and *especially* smart contracts), …
tax concerns, regulatory concerns, money laundering concerns (in particular how do I ensure I don’t receive a coin which was used in a ransomware attack or something), to what extent are there guardrails to prevent me doing something stupid, and how recoverable is it if …
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I do something stupid? If talking about defi, there are huge governance concerns — who decides when coins held by the protocol are minted/burned? How do I ensure that founders are correctly incentivised? Is it even possible for me to know who the founders are?
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I could literally expand every question here into a thousand words without breaking a sweat.
End of conversation
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