rish

I’ve seen criticism on here and twitter, as well as some euphoria on the flip side.

I don’t think anyone thinks that the token distribution is good or that it’s some wonderful meaningful project. it feels gross and grifty.

I think most positive or neutral voices are simply excited that crypto is center stage among the concerns of the incoming administration, as opposed to being unfairly targeted by politically motivated enforcement actions that haven’t solved much of anything (e.g. FTX allowed to happen, Coinbase taken to court).

in addition to euphoria from number go up, the desire for regulatory clarity is what’s coming through here imo. it’s unfortunate that this progress has resulted in some questionable alliances along the way.

best case outcome is that this is a “learn by doing” moment and the political class learns how mainstream reacts to token volatility and narratives, what works when creating tokens and what doesn’t, etc. 

no clue if that will happen / is the goal

worst case outcome is obvious

working @ /neynar   🪐  casting @ /rish