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Aave owes 73 million ETH in debt: Is the decentralized ideal being taught a lesson by the law?
The most interesting part of this is:
A "decentralized financial protocol" is using "centralized legal means."
It sounds a bit like a joke, but it has happened.
Aave's actions actually illustrate one thing:
The on-chain world is not fully independent yet.
And Bitcoin has long abandoned these complex attempts.
Adam Barker believes that BTC will become the underlying asset of the global economy in the future because it has no "space for human intervention."
Simply put:
ETH has more rules but is easier to change;
BTC has fewer rules but cannot be changed.
It's like a game:
One has an always-updated version, the other never updates.
Which is more stable? Clearly. #Gate广场五月交易分享