"super intelligence killing off defi"
very lazy take. humans will increasingly value property and tradeability in a physical/digital world.
blockchains will uniquely give them sovereignty and optionality over their physical/digital assets, outside of the ai-controlled, centralized alternatives.
defi will become more secure than closed-source, off-chain black boxes. there are far less dependencies and attack vectors in defi than there are in traditional systems. coordination on a generalized blockchain about past account balances or where funds have gone is far easier than off-chain. audibility and provability will become paramount as people hand over responsibility to thinking machines and humans-in-the-loop decrease.
layer in the fact that there is no single source-of-truth in traditional systems. if an ai wipes your data from one closed-source database, you now have to convince the ai/humans in the loop they're wrong. you're at their mercy. your other accounts live in isolation and can't verify past balances elsewhere. coordination between one off-chain bank account and one off-chain brokerage account is not provable. nothing is provable. you're fully at the mercy of the ai.
policing and censoring become effortless and increasingly mistake-able under ai. the ways this can happen are endless. any sufficiently paranoid person with opinions in a default-surveillance state will exit systems they do not have sovereignty over, fearing a retaliatory freeze on assets. countries will tighten their monetary policies as the economic affects of AI tighten. rules and taxes will be enforced. people, especially in poorer countries, will seek safe havens.
finally, as a thought experiment: imagine quantum computers could break standard encryption in a week from now. solana was quantum-proof, and your bank's database was quantum-proof. you're less sure about the encryption of the dependencies each system uses.
where would you feel safer having your funds? i would feel 100x safer having it on a blockchain. if an adversarial player decides to wipe your account thru a unsafe dependency in your favorite bank account, who is going to save you? how long will that take? what is your source of truth that you had money in that bank account before the exploit?
Best trader I know said this
He stopped trading crypto after inauguration, 3 cycler