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Decentralization Misunderstood
- The term "decentralization" is poorly defined and often used incorrectly.
- It's used as an attack without proper understanding, hindering the broader adoption of crypto.
Founders and the Crypto Firm
- Founders are important for driving vision and navigating challenges, even in decentralized systems.
- The 'crypto firm' is immature compared to traditional corporate structures, lacking investor protections.
Stablecoins as CDOs
- The crypto community often latches onto narratives, like the need for stablecoins due to volatility.
- Stablecoins introduce systemic risk, similar to CDOs, with complex, unaudited structures and misaligned incentives.