The DeFi Farce: How Crypto Rebuilt the Very System It Vowed to Destroy
Let’s be brutally honest: the libertarian, anarchic dream of cryptocurrency is officially dead. The grand vision of a world without banks, a peer-to-peer utopia, has been quietly suffocated and replaced by a system where the new kings are exchange CEOs, Silicon Valley venture capitalists, and follower-rich influencers. Instead of freeing the common person, DeFi has simply created a new elite—one that is more ruthless, less accountable, and far more volatile than the old one.
Published Sep 23, 2025
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