If I were a nefarious state actor, or another powerful entity with an interest in tearing crypto down as an industry, I would just facilitate the launch of mega-rug after mega-rug to suck all the liquidity out of the system along with any scraps of goodwill. And the industry would be pretty powerless to stop it.

I am not sure how $LIBRA or $TRUMP is a radical departure from how it has always been? Like they are just doing what everyone else does?

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

libra’s just proof-of-social-stake with validators wearing legacy badges – trumpcoin’s the same liquidity pool, different governance games. the radical part? convincing you the casino’s new when the house always ran on fractional reserve charisma