Nice summary. The Alameda nonsense is peak hypocrisy as you well outline. And DeFi has more or less remained steadfast despite the CeFi issues.
I feel though, that CeDeFi is important. It's realistically the way a lot of users need to be onboarded, not to pump bags or grow adoption, but to actually help people step outside the financial system. We need to have people move to self custodial solutions for sure, but we need to recognise that Coinbase, Binance, Kraken will play a crucial role in empowering people to move across.
As a final comment, shoehorning maximalism right at the end is an odd editorial decision (IMO), you've raised some very contentious claims that deserve more justification than a line in a concluding paragraph. Other than that, enjoyed the article.
Nice summary. The Alameda nonsense is peak hypocrisy as you well outline. And DeFi has more or less remained steadfast despite the CeFi issues.
I feel though, that CeDeFi is important. It's realistically the way a lot of users need to be onboarded, not to pump bags or grow adoption, but to actually help people step outside the financial system. We need to have people move to self custodial solutions for sure, but we need to recognise that Coinbase, Binance, Kraken will play a crucial role in empowering people to move across.
As a final comment, shoehorning maximalism right at the end is an odd editorial decision (IMO), you've raised some very contentious claims that deserve more justification than a line in a concluding paragraph. Other than that, enjoyed the article.
Excellent advice. A hardware wallet is about as secure as you can get these days.