DAOs are actually centralized bodies… “pay up and join the rule making club”.
The benefits touted would be amazing, but implementation-wise, are not based in reality and doesn’t account for use cases in a non-closed system.
It’s not sentiment; study Byzantine generals problem, CAP/PACLEC theorem, and hashing. Realize that the coin cannot be removed from the chain and vice versa to have those distributed benefits. Then look at the trade-offs from things like power consumption, etc. it’s not worth it. Maybe when we’re fully green and everyone has way more electrify than they can consume.
Doesn't the "de" in DeFi imply the lack of a regulating body?
DeFi is like many new things, it is it’s own new category (a car is not just a fast horse or the internet was not just a better fax machine).
For example: in DeFi you can hold your own money (not just an IOU, but the real private keys). So it would make sense that things should be regulated differently, as often there is no custodial risk. So this set of regulation probably should be applied differently. Just an example. Other regualtion might make sense (depending of you ask), but the question arises what to do if they are not enforcable (just regulate with illegal spying tools, or let do and warn the public and maybe even stop thinking the state should protect everybody… these are only questions, I do not imply/recommend anything with these questions)