You did suggest that, even concluding with “That's the world of cryptocurrency” to re-affirm the equivalency of the comparison.
This framing is disingenuous. Crypto proponents do not suggest holding all assets in a single key and leaving it in a vulnerable location. It would be like suggesting that investing in fine art is futile because investors might accidentally drop their Picasso painting on the way to the restaurant.
Many outspoken proponents advise against “CeFi” including centralized lending services like Celsius. Meanwhile with Aave, which is analogous to Celsius and is actually DeFi, the protocol is still doing fine and the users still have access to their funds. This goes against the general tone of your statements, and is an example of Web3 product that is actually continuing to demonstrate its effectiveness.
This framing is disingenuous. Crypto proponents do not suggest holding all assets in a single key and leaving it in a vulnerable location. It would be like suggesting that investing in fine art is futile because investors might accidentally drop their Picasso painting on the way to the restaurant.
Many outspoken proponents advise against “CeFi” including centralized lending services like Celsius. Meanwhile with Aave, which is analogous to Celsius and is actually DeFi, the protocol is still doing fine and the users still have access to their funds. This goes against the general tone of your statements, and is an example of Web3 product that is actually continuing to demonstrate its effectiveness.