The Democratic Nature of DeFi

There’s a fascinating tension in crypto: there's the prevailing belief in the necessity, indeed the superiority, of decentralization. Then, there’s reality: when things hit the fan, folks respond by seeking a bailout, and hold fraudsters accountable. In an industry prone to spectacular scams and expensive hacks, this tension is ever-present. Bloomberg Reporter Emily Nicolle joins this episode for more on this.See omnystudio.com/listener for privacy information.