Can the Average Person Handle True DEFI?

WIthout greater freedom comes with greater responsibility. And with more financial freedom, people have more opportunities to screw up.

Let's look at one issue that is commonly brought up in this sub: We like to bash banks for the centralized nature of our economical system. Yes, banks charge absurd fees for over-drafting.

But we need to look at some underlying reasons why people are getting overdrafts.

While some over-drafting may come from mistakes in the bank, I believe many people who are getting overdrafts are simply irresponsible, and can't even check their own balance in their bank account before making a purchase.

If some people aren't responsible enough to even check their own accounts that they have enough money to make a purchase, do you think they can be responsible enough to handle a cold storage wallet?

Can the average person ensure:

• that they can enter a wallet address correctly (and risk transferring the funds to the wrong account).
• That they won't get scammed constantly by using a scam DEX, or improperly using even a legitimate DEX.
• They won't lose their seed phrase and get locked out of their account forever.

A little bit off point, but we see many people getting themselves into bad financial situations by taking out payday loans with predatory interest rates. What does this mean? This means that many people are financially irresponsible. Can they handle DEFI?

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You must remember that around half the world's IQ is below 100 (mine is in the single digits).

I'm curious to hear your thoughts on full DEFI.