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I see idealists making all the mistakes that led to the monetary system we have now. They may end up in a different place, but they'll make lots of mistakes and it'll blow up in their faces many times before they're done.

Can you point out some of these mistakes? Also, traditional finance has had it's share of blowing up in their faces. The difference with DeFi is that economies are being being build on an economic model rather than an economic model being built on an economy.

Sure - multiple robberies of exchanges. Every-increasing transaction times. Ponzi-style valuations. Pretty much everything bitcoin.

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