This is increasingly basic stuff and has been practiced throughout history.
See I actually write blog posts about this stuff and get real feedback from people who aren't swimming in this sea of ideas. And to try to imply that, as we pull back the layers of the onion that is legacy finance, that it actually becomes "increasingly basic stuff", is laughable. It's only basic if you've decided you're correct in advance, which you have.
What will it take for you to admit you're wrong?
You can't answer the question because literally nothing would convince you at this point.
That's dangerous.
The system works and I don’t need to argue it on its merit.
Again, making provably false statements is not a good look for you.
The entire reason we are here is because the system does not work.
That is the entire point of crypto: fiat does not work.
The claim you are making here is that we should turn Hive into a fractional reserve and try to print money out of thin air using derivatives. At this point I'm pretty convinced you don't even realize what side you're on. It's a terrible idea and the antithesis of this entire movement.
over leverage and excessive risk could be and were covered up and obscured
Explain the Terra/Luna collapse.
Was Luna a privacy chain?
Were the risks "covered up and obscured"?
No they were public and it made zero difference.
Because guess what? This shit is complicated.
You pretending it's not is a huge red flag.