RE: BlockFi Bailout Begins

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What regulations are needed if you are in Defi? Doesn't it go against the whole point of it!?

hive-167922 cefi investing neoxian vyb pob ctp palnet archon leofinance
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Welcome to the conversation, that is the marketed point, but it is far from the truth.

Can you name a defi service that cannot be regulated?

  • If the founder is public they can be served
  • If they've accepted outside capital like VC funding then they have ties to a centralised services like banking and their LPs
  • If they have centralised stablecoins like USDC/USDT their smart contract can be blacklisted from using those assets
  • If they run their services on could provider like AWS of which most do they can be shut down

DEFI is decentralised in name only

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Oh damn. We've been sold a lie?

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Lol now you're getting it, the more you ask questions the more you'll realise how these are all fairy tales with no grounding in reality

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