Days like this I think of all the money that was extracted from investors by the memecoin cabal, including presidential ones. Then I think of the value destruction of DATs designed to “buy high, sell low” but where the bankers, lawyers and management still get paid as they bleed shareholder value. Then I think of the projects who designed their tokenomics so insiders and VCs could dump on the retail investors who actually believed in their vision. And I think of all the waste from “ecosystem funds” and other similar slush funds that actually ruin projects by distracting from the core mission. Then I think of all the chains that secretly pay people to create fake fees and TVL then pretend it’s organic I think of the horrible exchange listing fees. And how trading fees on most CEXs are far higher than tradi. The trading firms who don’t have anyone’s interest other than their own in mind but pretend otherwise. The VCs who drive private token valuations so high that the project has no choice but to issue more tokens than it should. The Suits who launch BS Suit Chains (aka DLT) then issue a token and IPO on a lie The endless conferences and bus ads that cost a lot of money That L1 that created a fund to invest in memecoins (!) The countless L2 tokens that weren’t ever needed and whose only purpose was to be sold to make investors whole The conflicts of interest in projects that raise money against both equity (which affords legal rights) and tokens (which clearly don’t) The supposedly locked tokens that weren’t ...