> They remind me of what I hear from junior developers when they're tasked with fixing an antiquated, broken software system.
You're not wrong, but since you're on HN they should also remind you of the entire startup ecosystem and the reason for its existence.
Talented people often find they can't get anything done in huge, bureaucratic organizations. Cutting through layers upon layers of red tape and getting chains of approvals to build something new and better, is slow, frustrating, and life-sucking.
It's worse when there are people whose approvals are necessary who benefit in some way from the current status quo, and thus are incentivized to preserve and protect it.
Thus, talented people often leave and start startups primarily to get out of that environment, move fast, and build without permission or restriction.
It's the same for cryptocurrency, nobody in their right mind wants to try to fix the financial system from within, and there are too many incumbents who benefit from the status quo, it's just a waste of time and life.
PS - Disclaimer, I estimate only about 10% of DeFi projects are worth anything, but that's the nature of things - you can't have the signal without the noise.
You're not wrong, but since you're on HN they should also remind you of the entire startup ecosystem and the reason for its existence.
Talented people often find they can't get anything done in huge, bureaucratic organizations. Cutting through layers upon layers of red tape and getting chains of approvals to build something new and better, is slow, frustrating, and life-sucking.
It's worse when there are people whose approvals are necessary who benefit in some way from the current status quo, and thus are incentivized to preserve and protect it.
Thus, talented people often leave and start startups primarily to get out of that environment, move fast, and build without permission or restriction.
It's the same for cryptocurrency, nobody in their right mind wants to try to fix the financial system from within, and there are too many incumbents who benefit from the status quo, it's just a waste of time and life.
PS - Disclaimer, I estimate only about 10% of DeFi projects are worth anything, but that's the nature of things - you can't have the signal without the noise.