Why it's in my opinion wrong to say DeFi is "peer to peer" DeFi is a bit more like a transportation system. I…

Why it's in my opinion wrong to say DeFi is "peer to peer" DeFi is a bit more like a transportation system. In a transportation system, passengers use roads, buses, trains, or subways to reach their destinations. While all are using the same infrastructure, there is no direct or legal relationship between one passenger and another; their interaction with the system and each other is mediated through the infrastructure itself—the roads, vehicles, and schedules. Passengers agree to the rules of the transportation system (buying tickets, following schedules, adhering to safety protocols) but do not enter into agreements directly with other passengers. Similarly, in DeFi protocols, participants supply, borrow, provide liquidity, or take other actions according to the rules set by smart contracts. These smart contracts govern how transactions are executed, interest rates are determined, and collateral is managed. Participants interact with the protocol (the smart contracts and the blockchain network) rather than directly with each other. While participants are contributing to and benefiting from the shared infrastructure, they do not have to establish legal relationships with one another. Because of the autonomous smart contract technology, the way of shared interaction in DeFi is fundamentally different from using a platform intermediary that merely facilitates the peer-to-peer activity occurring on the platform. This is why I use the term "peer-to-protocol" to explain that the relationships of the participants are with the protocol itself, rather than other participants sharing the same network.