Calls for more auditing of DeFi projects.
It seems we are now in a phase where many are calling for more oversight.
Sad that it is coming to this. People want to attract large institutions and I say let them come without catering to them. Fuck em. Build this thing from the bottom up to the point they cant ignore it.
The more wealth we gain from the network effect of individuals, the more value we will have here.
https://cointelegraph.com/news/default-auditing-for-defi-projects-is-a-must-for-growing-the-industry
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I think the audits are unavoidable because people can lie when talking about transparency. I think the biggest problem is the new people jumping into the fire only to find out it was a scam. So if they want to ensure that they won't complaints, they want audits to ensure your not doing anything shady.
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I was wondering why this hasn't happened yet, so much money going into it and no oversite from our Lords? DEFI means Dont Even F@#ck with IT!
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I think the key to DeFi is the overlords cant do much about it.
That is where the decentralized aspect hurts them.
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