following Lavoisier’s quote, and before him Anaxagoras’ that nothing is created, noting lost, everything is transformed I have always been of a mind that risk does not get eliminated by the application of new tech or new biz models. risk gets displaced and re-arranged. further, i wonder if the same can be applied to centralization/decentralization. by applying new elements of decentralization to a system, ‪one just displaces and re-arranges a given amount of existing centralization into a different centralization paradigm. see defi movement in cryptoland.‬ …see more