It is a neat property but lines like this trip me up: "it's incredible how fast the DeFi space is moving because of it". The crypto/dapp/defi/etc spaces have s

It is a neat property but lines like this trip me up: "it's incredible how fast the DeFi space is moving because of it". The crypto/dapp/defi/etc spaces have supposedly been "moving incredibly fast" and "all the smartest people are working on it" for ~5 years now. That's a long time to be moving really fast without really getting anywhere. Where's the payoff? To me this space feels like a solution without a real problem. The decentralized part is a neat trick, but on the margin a centralized authority to mediate financial platforms is more good than bad.