/biz/ - Business & Finance

>>57538268

>>57109262

>>56985517

>>56776691

>>56054526

>>56006793

Psychopath hedge fund niggers need to be dragged in speeding cars with roped tied to their balls

>We actually have to be educated about (how data is controlled) in order to demand that the (defi) systems that get built aren't these replicas of the traditional financial system that make a few people rich but make the rest of us have to explain why we replicated the FTX Alameda thing within our industry.

>Everybody has to be informed about (architecture) and make sure that the systems they're putting their money into are actually running in a way where no third party can go trade against them and steal their money.

>(At Chainlink), we have no plans, systems or ways to go and trade against anybody. (Unlikess Jump/Pyth, the MEV mafia and so on)

>That'll actually make the whole ecosystem better, and if we do this we have this great outcome where (defi) would be able to be the alternative. So do we go from this world where you have one and a half to two trillion dollars in crypto value... just to replicate the existing financial system to shave the same sheep a different way? Is that really how we're going to get to an industry with hundreds of trillions of dollars in it? I don't think so. I don't actually want to do that.

>The only way we're going to get to a world where there's hundreds of trillions of dollars in our industry is (if we are a conflict free alternative).

>Do we replicate the existing financial system where people with certain advantages and certain predatory instincts are able to lie to us, and through our protocols steal from users, make money, get caught? Or do we create an alternative to conflicts of interest and really build something extremely useful and important for how the world changes? If you haven't guessed, that's what I'm trying to do.

>So please be aware of the security guarantees of the protocols that you're using. Please be aware of how they're secured, of where the data is coming from and of how that system is working. Because your decisions about what systems to use will also inform how this industry evolves.