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RE: LeoThread 2025-11-16 07-55

in LeoFinance21 days ago

it didn't accurately represent my respect for, you know, what they were trying to do and by kind of focusing on everything I thought that was kind of incomplete and half-baked about it. And in that sense, I thought maybe it's a little too cynical too. I often try and check my cynicism. I think that there's promise in all of this stuff, but I think that it's the hype it wakes, exceeds the promise. And I think that DeFi is, you know, a perfect example of that. I think that it's primarily used for gambling. I think SNX is a great example of that. It's a derivatives platform. And the advantage is that you can gamble unencumbered by regulation and you can innovate unencumbered by regulation. But what is it used for? Primarily, it's used for gambling. And there are huge risks embedded in that. When I look at what's going on in DeFi, I feel like people are just recreating the traditional financial system with all the same problems. I don't actually see something... The innovation that happens (70/97)