Yes. I Read the Whitepaper
The danger is that if you are intellectually lazy, you will invest in any project that says the right things on the surface. Take a word cloud of the most read Medium posts about DeFi, stuff that onto a slick looking website, and I bet you would attract large sums into your wallet from punters looking for the next Ethereum. That is why I implore the footballers I lunched with to read the Bitcoin whitepaper and research what they don't understand. Only when you witness and appreciate beauty can you protect your capital from ugliness.
This post was also published on the BitMEX blog, accessible here.