He makes very intersting posts about these sites. I think that such sites have a big advantage which is that they have a business model that actually generates a profit. From a tokenomics point of view, this can be pretty interesting especially if you can take the place of the bank :-)
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I agree with you! The tokens are kind of stocks of these firms, albeit unregulated. Definitely an interesting concept! :D
Indeed, the high risk is fully reflected in the high returns, especially from the more centralized firms. It is quite addictive to invest in these but I'm glad so far that I did and managed to grow over the years. I'm still hoping for 1 or 2 to really take off at some point which hasn't been the case yet.