Sans Recourse
Why Recourse is Key to the Growth of Crypto Tokens and Decentralized Finance
“He must master or be mastered; while to show mercy was a weakness. Mercy did not exist in the primordial life. It was misunderstood for fear, and such misunderstandings made for death. Kill or be killed, eat or be eaten, was the law; and this mandate, down out of the depths of Time, he obeyed.” — Jack London, Call of the Wild
The Price for Traversing The Wilderness
Innovation exists at the edge of civilization — a world without recourse for the common man. At the beginning, it is perilous for the common man to traverse that world — a reality that past events such as the Terra Luna collapse (a $40 billion crash), the FTX collapse ($1 to $2 billion in customers funds missing) and the Voyager (a single customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds) bankruptcy clearly demonstrate. A collapse doesn't mean no recovery of funds. Some investors may get a part of their investments back — customers on FTX may recover part of or none of their funds and it may take…
