I decided to publish this anonymously so that the message would not be dismissed as virtue signaling. Anyone who communicates this message would be rejected by the decentralized finance (“defi”) community. There is an unspoken agreement between defi insiders and the bad actors that they protect. The insiders do not challenge malfeasance, and for their leniency they are rewarded with privileged information. If an outsider draws attention to the corruption, the insiders dutifully defend the bad actors by saying it only looks bad from the outside. The rationalization goes like this — it’s really hard to understand how legitimate everything is unless you contribute to the space. Non-contributors who feel victimized by insiders should blame themselves. They volunteered for abuse. It is a permissionless system. This is the twisted song and dance that drove defi profit-making in late 2020. Offer something to the space, and draw closer to the center. See something suspect? Keep quiet to draw further in, or raise a fuss and be phased out. A community that rewards bad actors and punishes good ones will soon find itself full of people who are openly hostile to discussions of virtue. New recruits will fit a certain mold, and the oldest members will look away and acquiesce to the turpitude. Stunningly, in an industry full of technical analysts, no one seems concerned about the long-term trajectory of this arrangement. Continua con diversi esempi su https://medium.com/@crypto_angel/the-corruption-of-defi-in-2020-bbcdadccf201 (anche su https://archive.is/w4wYT ) La definizione corretta di blockchain è "large-scale math-washed scam-factory" Lo è da sempre e lo sarà fino allo scoppio definitivo della bolla. Questo articolo di autodenuncia da un insider è solo l'ennesimo sintomo del lento collasso in corso. Giacomo