This is indeed the case for a lot of different finance use cases.
We need to iterate and might need some time for users to understand the risks. In the last crypto dip, a lot of users got their loan liquidated because it was under-collateralized.
I would like to believe every individual could make some good decision but the financial literacy is so low that I do not think it will be the case.
Let’s hope I am wrong 😂.
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The educational process is going to be huge. You are right, few have the basic foundation in financial matters to be able to make sensible decisions. Sad there are a lot operating in a realm where they do not know what they are doing. When events like the last couple of days hit, they dont know what is hitting them.
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