Threat no one is talking about

Everyone’s pricing in adoption. Nobody’s pricing in the attack surface that comes with it.

We’ve always assumed adoption = price up. Short term, sure. But when adoption really picks up, we’re going to find out fast whether traditional investors have the stomach for this ecosystem’s bullshit.

Here’s the risk nobody wants to say out loud: it only takes one nation-state level coordinated attack to trigger a panic that makes past crypto winters look cozy.

Just look at the hack volume this year alone. We can absorb it right now because nobody outside this space gives a shit about DeFi yet. The losses are abstract. The victims are anon.

But just wait until suits start losing real money and asking why their risk committee ever signed off on this.