Decentralized Financing - What the Hell Is Going On?

The idea of this decentralized finance system as the potential long term solution to the problem that it has been regulation in this space, which also always just confuses me. The transparency thing is hugely ironic because a whole huge part of the whole thesis of running stuff on a blockchain is there's all public in New York, and you can see how it works. It's not about trust, faith and cross your fingers. No, there's no trust in it's not a trust based system. It's a trustless system. But at the moment, we don't really have utility for them other than people building their own financial systems or payment systems. Could you run an exchange on a fully on