On a crypto builders’ night in late September 2023, I lingered in the crowd after the event. It was hosted in a crypto company’s newly renovated office in the center of Bangkok. Skipping the cold pizza (mostly due to my lactose intolerance), I made my way towards a friend who worked in that company, one of the only people I knew in the packed room. He made a few introductions before disappearing back into the crowd, leaving me beside a local Thai founder in his early 30s, Noon (a pseudonym), building a decentralized finance (DeFi) product for futures and margin trading. (read more...)