Imagine claiming you “win” when you’ve got a fraction of the TVL, and most of the TVL and volume is memecoins slaughtering retail.
The point of the L2 thesis is that anyone can launch a trust guaranteed purpose built chain for their use case whether you like it or not.
Not that every L2 will gorge itself on low quality NFTs and shitcoin flipping.
But good maybe we shake out some of the people who don’t care about decentralization or removing middle men, they can chase memes get rinsed and we can get back to building without them complaining all the time 🤷♂️
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It is *SHOCKING* how little the mainstream news is talking about this memoranda right now.
They've glossed over just how bad it is!
It expands on the "Antifa" EO, but if allowed to stand then it is the *SINGLE* biggest power grab against rights since the Patriot Act!
2/29
Unlike an Executive Order, a Presidential Memoranda does *not* have to be published in the Federal Registrar.
They are designed to fly more "under the radar" for "administrative issues" and they've used that here with good reason.
3/29
They've essentially used this memoranda to expand on their "Antifa Terrorist Designation" executive order, by putting the details into the memoranda instead.
There is a lot of conspiracy out there, and they are quick to assume any questioning of the administrations actions must be conspiracy lacking nuance - and yet, they refuse to ask nuanced questions themselves.
3/17
Just 4 days ago, Kash Patel was on Fox News noting that they had a note that "was destroyed", that they did not "see" and that they got the contents of from "aggressive interview posture"