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RE: What Cryptocurrencies Represent? - A Ticket to a New Kind of Economy
Even decentralized network will have some centralized parts.
Just like Steem: as a blockchain it's decentralized, but you can go after all front-ends that are large enough to attract attention.
Anyway, that's a solid question.
Cheers, Piotr
That's true. But when something is big enough and when the stake is high enough, there will be plenty of people willing to provide these "centralized" components
Furthermore, regulators are often slow to the game. By the time DeFi is big enough to attract their attention, they probably cant do much about it anymore