Things are starting to get better? You clearly don't know that these companies don't give a damn about decentralization. Their contributions will make "De-Fi" more centralized. I'm beginning to think the term "decentralization" is being used as a catch phrase or marketing scheme to attract investors. But in reality, none of the so-called "De-Fi" projects are truly-decentralized. Only a very small minority of them. People only want to make "big bucks", so they will "go with the flow".
The thing is, are we going to keep pleasing the regulators? Or are we going to stand by Satoshi's original vision? It seems to me that things will only get worse in the long run. There won't be any difference between traditional banking and "De-Fi". Oh well...
to be honest when investing in altcoins or defi, real "decentralization" is the last thing i'd be concerned because i know these decentralization thing in altcoins or smart contract capable blockchain is just a buzzword, my expectation is just close to zero, well even the word defi isn't really decentralized finance becase some of these defi has their owner holds authority to freeze the protocol whether for good cause or bad cause.The thing is, are we going to keep pleasing the regulators? Or are we going to stand by Satoshi's original vision? It seems to me that things will only get worse in the long run. There won't be any difference between traditional banking and "De-Fi". Oh well...
just see most of alts right now mainly have validators consisted of cherry picked sets of validators runner. definitely no decentralization there or at best just illusion, that's why when I say it's getting better, mainly because there's smaller amount of rugs or malicious protocol since most of the defi right now are backed by legitimate investors that will force them to not use underhanded method at least not the one that is obvious.