TradFi - Anyone can do it without permissions and lie, except regulations force accounting practices, revealing malfeasance.
DeFi - Anyone can do it without permissions, and everyone can see they didn't lie.
Crap-coin FTX Crypto Bros - Let's lie, do "TradFi" and call it "DeFi", comply with no regulations or accounting practices, and steal the Crypto. What could go wrong?
HN low-research "Eternal September" Bros: Told ya Crypto was all a scam, yer dumb!
DeFi - Anyone can do it without permissions, and everyone can see they didn't lie.
Crap-coin FTX Crypto Bros - Let's lie, do "TradFi" and call it "DeFi", comply with no regulations or accounting practices, and steal the Crypto. What could go wrong?
HN low-research "Eternal September" Bros: Told ya Crypto was all a scam, yer dumb!