@sassal0x We can start by purging centralized authority like usdc, tether, and wbtc from defi. The only reason we are here in the first place is because we keep ignoring time bombs.
@DefiIgnas 1. Govt regulation is going to target these protocols with extreme prejudice. KYC/AML compliance turns it into a permissions environment.
2. No accountability should a "North Korean" hacker steal the funds. Inside job risk is huge with small cap protocols, for what? 10% apy?
@phtevenstrong Look at Nouns DAO, they start well intentioned but eventually only fund only themselves and their cronies while blocking everyone else. @dcfgod has talked about this subject frequently.
@___merc___@lexfridman No point asking him. The Lex way is to ride the fence on touchy topics until public favor is overwhelming before he says anything.
@RPBook@SerjKorj@imcivicaction@RBReich There are methods called zero knowledge proofs that solve this. Example if you ever play Wheres Waldo, you have confidence Waldo exists in the picture but his coordinate unknown. If I took a page of WW and cover it to show only Waldo, it proves he is there w/o divulging location
@dcinvestor@scupytrooples Would you rather use a fedfi approved chain where eth is $5k or a truly decentralized chain where eth is $324? This is where we find out who we are.
@dingdinghanfu@alexarnault Five of the ten most expensive nfts ever sold are cryptopunks. Floor price is not even a thought for the folks at @TiffanyAndCo putting this together
@nf_suzanne@tylerxhobbs Imagine inheriting an heirloom like Fidenza #128 in the year 2420 and being able to trace it back to your ancestors on-chain. Really interesting to think about.
@bankless what normally gas restrictive protocols can we take advantage of now that gas is at such lows?
1. Make an @Instadapp account
2. Open a @MakerDAO cdp
3. Setup automated liquidation protection from @DeFiSaver.
4..?
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