You're No-true-Scottsman'ing DeFi by excluding FTX after the fact.
I posit there is no way to tell apart the "real" DeFi from the Crap-coins. If you can tell them apart, which tokens and/or exchanges will fail next, and when?
There's a pervasive aura of "secret knowledge" in crypto, where the in-group think of themselves as superior operators who scoff as the noobs get fleeced[1]; yet these suave traders continually fail to recognize peaks and troughs and trade accordingly.
1. Sometimes while trying to scam the noobs themselves. The whole "to the moon"/HODL/meme-stock episode was naked preying on unsophisticated traders/bag-holders
I posit there is no way to tell apart the "real" DeFi from the Crap-coins. If you can tell them apart, which tokens and/or exchanges will fail next, and when?
There's a pervasive aura of "secret knowledge" in crypto, where the in-group think of themselves as superior operators who scoff as the noobs get fleeced[1]; yet these suave traders continually fail to recognize peaks and troughs and trade accordingly.
1. Sometimes while trying to scam the noobs themselves. The whole "to the moon"/HODL/meme-stock episode was naked preying on unsophisticated traders/bag-holders