Get my new Bitcoin book:
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In this video, I discuss the irony of "decentralized" protocols like Aave and InstaDApp having corporate headquarters, a CEO, and legal counsel.
It is quite likely that your favorite "DeFi" protocol has all of these, in addition to having a developer back-door, rollback machine, or pause button.
Thorchain was "decentralized" until someone realized that they have a pause button too.
Not investment advice! Consult a financial advisor.
Why DeFi Is A Lie (The Emperor Has No Clothes):
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DeFi pulse:
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Aave's headquarters:
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Aave's CEO:
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Aave's General Counsel:
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InstaDApp has a pause button:
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Thorchain:
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Thorchain has a pause button:
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Check out my online trading courses:
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Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#DeFi
#Ethereum
#Bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
