This is a great question, and a pretty good bet. But the difference between cefi and tradfi is still a huge step - cefi is where a lot of people opened their eyes to defi, so it's like the gateway drug into crypto for the masses.
https://twitter.com/sassal0x/status/1381460792000749578
I think it's super valuable to start from a place with over a million daily active users to try a defi product. At least some percent of that userbase should stick.
Defi gets to build organically from ground 0.
Cefi needs to defend its territory from an already massive lead
Defi gets to build organically from ground 0.
Cefi needs to defend its territory from an already massive lead
I see value in having bets on both sides of this as we grow defi because both approaches are valid ways of spreading the gospel if defi
Though I think it's all tradeoffs and not absolutes - as decentralised projects grow, they often become more centralised to catch up in scale.
As centralised teams decentralise, they slow down in pace. Find your sweet spot in the spectrum and balance the feng shui~
As centralised teams decentralise, they slow down in pace. Find your sweet spot in the spectrum and balance the feng shui~
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