DeFi risks and the decentralisation illusion

Re:DeFi risks and the decentralisation illusion by bliteben on Tuesday December 21, 2021 @02:25PM (#29641048)

And it turns out the only people wanting to make novel financial instruments on crypto currency are scammers.

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Re:DeFi risks and the decentralisation illusion by dralley on Tuesday December 21, 2021 @02:33PM (#29641142)

Most of the "novel" crypto financial instruments aren't necessarily "novel" so much as "made illegal in a century ago because of fraud and scams".

Or at the very least "things with clear risks that crypto plebs are oblivious to"

https://www.bloomberg.com/news/newsletters/2021-05-11/money-...

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Re:DeFi risks and the decentralisation illusion by exdsq on Tuesday December 21, 2021 @02:40PM (#29641215)

Care to show one or two financial instruments that were claimed to be "novel" but were made "illegal a century ago"?

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Re:DeFi risks and the decentralisation illusion by kgwgk on Tuesday December 21, 2021 @02:49PM (#29641303)

https://www.bloomberg.com/opinion/articles/2015-06-19/bitcoi...

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Re:DeFi risks and the decentralisation illusion by exdsq on Tuesday December 21, 2021 @04:12PM (#29642152)

This is six and a half years old, wasn't about a novel defi instrument but about derivatives, and derivatives aren't illegal. They're also now well implemented in DeFi.

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Re:DeFi risks and the decentralisation illusion by nathias on Tuesday December 21, 2021 @03:00PM (#29641410)

were they made illegal for my safety?

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