The Defi and security problem seems to be the toughest one to solve for. Cause most people don't particularly care, or have the mental capacity too care in depth. Someone much smarter than me will figure that one out.
Does DeFi *need* to improve perception to achieve mass adoption? Seems BTC perception was always drug dealers and Mt. Gox. As far as I can tell nothing changed perception except numbah went up + some companies bought.
(OFC adoption would increase faster if perception better).
Have you heard anything around security for institutions? I.e. have they all moved to Fireblocks? Watching interviews on DeFi from 2 years ago it seemed that was the #1 concern. Now it does not come up anymore. Only regulatory risk comes up (ie saw a Dan Morehead interview recently. Only mentions regulatory risk as holding back institutions).
Excellent post, I have the same feelings.
The Defi and security problem seems to be the toughest one to solve for. Cause most people don't particularly care, or have the mental capacity too care in depth. Someone much smarter than me will figure that one out.
“They’ll be the eventual users but they won’t get rich here. On the other hand, the early builders and power users can continue to create fortunes”
Great insight. Normies will need simpler less “risky”DeFi products, while the turbos can be the path finders making all the money. 😃
Does DeFi *need* to improve perception to achieve mass adoption? Seems BTC perception was always drug dealers and Mt. Gox. As far as I can tell nothing changed perception except numbah went up + some companies bought.
(OFC adoption would increase faster if perception better).
Have you heard anything around security for institutions? I.e. have they all moved to Fireblocks? Watching interviews on DeFi from 2 years ago it seemed that was the #1 concern. Now it does not come up anymore. Only regulatory risk comes up (ie saw a Dan Morehead interview recently. Only mentions regulatory risk as holding back institutions).
Not sure how you could read posts like this and not feel it on your chest that We are witnessing history.