This is Part 2 in my series of "Risks, Warnings, and Disclaimers". Part 2 focuses on Decentralized Finance. I wish to quickly convey fundamental broad risks that all spectators and participants of Decentralized Finance should be able to communicate.
This series of episodes discusses many negatives and caveats regarding crypto that need to be said up front because most people have no idea what crypto is, and they are 99% correct to assume that crypto is bad, because 99% of the crypto world is bad. However, the good 1% of crypto makes crypto the best performing asset class in history, so it is worth discussing.