While I understand the concerns, I see DeFi as one of the few truly global investment opportunities available today. It's not necessarily the future of all finance, but it serves as a valuable alternative to traditional financial systems. For those of us who already have access to conventional financial tools (stocks, bonds, traditional banking), DeFi offers unique opportunities for portfolio diversification and higher-risk, higher-reward investments.
We're starting to see interesting projects that combine meme culture with actual utility - like how the classic Stonks meme from 2017 is now being used to make DeFi tracking easier on Solana. This kind of approach could help make DeFi more approachable for newcomers.
However, DeFi's real transformative potential lies in providing financial services to those who are currently underserved by traditional banking. The wave of scams during the crypto summer severely damaged trust in the space - many early DeFi enthusiasts who experienced multiple rug pulls have abandoned the ecosystem entirely. This is frustrating because DeFi as a concept still holds immense potential.
The challenge now is: How do we rebuild trust and attract both previous participants and newcomers?
The skepticism that was built around DeFi is regarding its security problem, we have witnessed a lot of DeFi had security breach which caused them lost million dollars assets. Another skepticism on DeFi is regarding its user's privacy as government in various countries have tried to gain control over their users information for taxes, some people see taxes as a way our government steals our hard work money. To put is short, a lot of people distrust the government.
To answer your question is rather hard, because DeFi will be bound and comply with the regulations of a country. But regarding its safety, probably government could build a Central DeFi which will cover its users' losses in the event of a data leak or security breach, but again a lot of people distrust the government, especially when Cryptocurrency is closely related with privacy as its characteristics.