The state is not you friend. They aren't going to help this industry or regulate it fairly. They aren't going to do the right thing. They punish projects for competing against tradfi banks.
Terra and UST will only be used as an excuse to attack not just our industry, but your fundamental liberty.
Take a look at this EU law being passed where they have client side access to scan any message for hypothetical speech, 'misinfo', copyright, etc, "unchecked speech" "unfettered speech"
Don't cooperate. They will not do you right. They want everything. They will take everything, what can be taken will be taken.
You all made a terrible mistake when you normalized centralized front ends on dot coms and aws backends. You should have made every layer disintermediated and prepared for the worst.
Citadel & company likely did a speculative Soros style attack on bitcoin and terra. These people are colluding with FSOC & other EU/US regulators, they want censorship certainly at the crypto wallet level, and mandatory kyc for all defi globally. andreeson Horowitz's tweets are entirely correct. I don't know what he personally will do to change anything, but he isn't wrong.
We will not be regulated fairly, you will not be given fair products, you will be rent seeked into poverty, given bedrock low wages, your pension, education, health everything on the chopping block for private equity.
Worst of all, they want to buy us out, and steal our tech, our devs, everything to give to existing wallstreet firms. The IMF is just outright telling countries to be hostile to disintermediation. Same with the ECB. They're saying the quiet part out loud. Financial servitude.
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