Uniswap is open source, and if you use it as an exchange, it doesn't even hold your funds. I'd argue that since your funds are not there, then your funds are safer than with a custodian and insurance. Lehman was also insured, wasn't it?
The finance sector, in the first four decades of the 20th century. Finance and faith-based debt has fueled the USA dream, and the term "penny stock" and "blue chip" come from an age where everything was blurry and scammy.
"Wow"? That's two messages per day. Or just one single long conversation with somoenoe per month, like organizing a dinner and going back and forth around a subject a few times.
Being such a small operation, I think they're making a great decision by focusing on what matters most. "Most startups die by lack of focus". I very much believe this is their first public step towards breaking up with phone number based identity.
I like the "immutability" of IPFS. Back in 2017 I tried it out and [Dat](https://www.datprotocol.com/). Both IPNS and Dat seemed to break often (not finding the correct peer, which then lead to broken downloads).
With IPFS, you know "it's just a hash of the content". That idea of content addressing is pretty powerful, and I'm starting to see it a lot more, particularly in the NixOS ecosystem.
IPNS, on the other hand, seldom worked. The 24hr timeout made it unusable without an abstraction on top that kept it up to date. Dat had a similar problem, one of storing way too much historical data, and I could never be sure if the peers had the same version I las published.
I think these are "theoretical problems". Content addressing is a great idea and it's reliable. Distributed hash tables are on the weaker technology spectrum. I'm rooting for IPFS to replace bittorrent, not IPNS/Hypercore, which I think will have serious scalability/security /privacy problems.