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We say that DeFi is the future. We say we will secure the next billion users. We say that this technology will replace traditional finance, provide financial services to the financially underserved, and empower people with financial sovereignty. But how can we safely onboard millions of people into a system where $250 million can vanish in just minutes due to a social engineering attack? How can we explain a system where a $280 million transaction is considered secure if only two out of five people sign it? How can we explain a system where no one notices even if an attacker opened a wallet two weeks ago and executed a test transaction? How can we explain a system like Circle where a legitimate business can be frozen overnight but cannot prevent actual attacks? How can we explain a system where the same attack methods and the same human errors are repeated year after year? Ronin. Bybit. Cetus. Now Drift. Same cause. Different name. Different chain. Same result. The problem with DeFi is not the code; it is the people. Yet, we keep trying to solve only the code problems. It has been quite a while since I started using protocols. I like money, but I prioritize safety. However, the current situation is forcing me to choose between the two. Security must no longer be a topic pushed to the back burner. It must not be a subject discussed only after a hacking incident occurs and forgotten before the next one happens. Security must be the top priority. It must never be the last priority. This is because we are not currently prepared to handle the next billion users. We are barely managing to protect the safety of our current users. x.com/Only1temmy/status/203959...

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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