Everyone knows on some level how manipulated and controlled tradfi is. Whether it was the bank bailouts in 2008, GME trading halts, Fed printing, or many, many other examples ... People are just sick of insiders pulling the strings and that plays into the populist appeal of crypto

Degen communist | Having fun onchain & finding signal in the noise | web2 sales by day | Cali roots | BTC class of '13 | nf.td/sean

Idk, feels like it could happen here too eventually. I can see zk being a vehicle for manipulation under the guise of privacy. ETFs are already changing things. Maybe the decentralized nature of eth protects us for a while but maybe not future generations…