Open finance needs open cloud; regulatory clock is ticking
DeFi Summit - Conference Day 1 - June 15th (Tuesday) (Dcentral Con)
“DeFi needs to be open. Open finance needs open cloud. I’m going to say it again: open finance needs open cloud. Being on Amazon, being on cloud, you’re not decentralized. Prove me wrong. Number two, there’s a huge regulatory risk that you are basically avoiding, and time is not going to be on your side very soon.” — 06:30:45
Context: His summary of the “how can cloud power DeFi” answer — openness, regulatory risk, and cost make decentralized cloud “a no brainer” for DeFi projects.