Notice how with DeFi its a “scam” but when it comes to CeFi its “bankruptcy”

The bias in mainstream headlines is soooo damn obvious at this point.
Wherever there’s money involved, there will always be scams. Its not just tied to crypto or DeFi.

But its both frustrating and funny how mainstream headlines are so quick to post “DEFI SCAM” but when it comes to centralized exchanges, they post “files for bankruptcy”
What’s even more ironic is that CeFi has scammed WAY more money than DeFi has.

From Celsius, to Voyager, to BlockFi, to FTX, billions of dollars have been drained and manipulated.

I have no idea why people STILL decide to use CeFi over DeFi either way.
There are way more benefits to using DeFi.

• You can actually use leverage without KYC and also benefit from high leverage (as high as 125x on some platforms like GNS), something that isnt always available on CEXs especially for Americans
• You have FULL custody of your funds. No one can f#ck you over (and this is the most important feature for DeFi in my opinion).
• It is no longer expensive to use DeFi now that L2s are performing better and better (and can already see that with the top 3 bridges by TVL being Polygon, followed by Arbitrum, followed by Optimism)

It’s time for us to learn our lesson already and stop giving so much power to centralized platforms. They’re only as powerful as we decide.

Hopefully 2023 will be a year where the crypto spaces starts moving back to its main ideology of decentralization