What is DeFi attempting to fix? Money moves quickly and freely inside the US, investment contracts are transparent, and FedNow is set to accelerate what’s being developed in traditional fintech. US financial institutions are essentially benevolent (customer centric/competitive w/each-other) oracles. The unnecessary debasement of the underlying currency, however, is a real problem that Bitcoin mitigates.

The lesson from today is, don’t have “CO” in your ticker symbol. $COST $TSCO $CSCO