Unless we're talking about purely on-chain strategies. But in that case why wouldn't you copy their public investment contract and execute it yourself?
> Can you say the same about your investment bank?
My investment bank has a tonne of regulation on it. If they go under and I can't claim insurance on it, then we have bigger issues where "money" may not be an answer anymore.
The workers also would be liable to local laws if they tried to literally walk away with money. (Sure, we have various enforcement issues, but the alternative of none-of-that doesn't sound great)
But there are new developments constantly. On-chain insurance against smart contract failure and hacks is a thing (see: https://nexusmutual.io/). More sophisticated insurance strategies to compartmentalize risk are coming up (see https://www.unn.finance/). Protocol design to reduce risk exposure are being experimented with (see: https://saffron.finance/).
It's all new and all very exciting. It's moving very fast and its really fun to be in. I haven't been this excited by anything since the early web.
This sounds like a high school popularity contest, not code as law
It's a smart contract. You can review it publicly. If there are vulnerabilities, if the ownership is not renounced, it would be visible. Can you say the same about your investment bank?
You don't have to trust the coder or the platform or the exchange. Code is Law. Trust the code.