>All of the current histrionics that we hear from DeFi advocates regarding escaping the evil centralized Banks and Regulators and what not...
>so they usually propose a hard fork, or a rewrite in <new frontend framework>
Sometimes you hard fork. We used to compute ballistic trajectory by hand. Huge rooms of "human computers". We did this until a better way presented itself then we hard forked because actual computers did the job much better.
In addition most pragmatic project runners(Kraken, Coinbase, etc.) use the blockchain and the traditional financial system together. Many serious DeFI projects(e.g. stablecoins) do the same. I think its clear that anyone serious about DeFi knows they have to start with the financial system where it is today.
>so they usually propose a hard fork, or a rewrite in <new frontend framework>
Sometimes you hard fork. We used to compute ballistic trajectory by hand. Huge rooms of "human computers". We did this until a better way presented itself then we hard forked because actual computers did the job much better.
In addition most pragmatic project runners(Kraken, Coinbase, etc.) use the blockchain and the traditional financial system together. Many serious DeFI projects(e.g. stablecoins) do the same. I think its clear that anyone serious about DeFi knows they have to start with the financial system where it is today.
I think what you are stating is a bit reductive.