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Donald Trump has turned out to be nothing like the Web3 community expected.
After riding on the crypto wave, he's become much more wealthier off our liquidity.
His inner circle seem to have accumulated massive amounts of wealth trading with insider information.
The charts of TRUMP MELANIA WLFI, the huge news related prediction cashouts, etc points these assertions.
Worst of all is a core aspect of the genius act that makes it illegal for stablecoins to pay yield to holders, meanwhile the minters of stablecoins accrue yield from the government bonds, fiat and other instruments they use our monies to buy and they share these yield amidst themselves.
Crypto has again turned away from the original plan of - power back to the people into: extort the people economically and take more and more from them.
A consortium of firms just launched OUSD to cut a piece of the pie that circle and tether are feeding fat from.
Again the average user is disenfranchised by laws. They have gathered again like hawks and vultures to earn from our sweat.
Since we can't all issue stablecoins.
We will eventually fall back to $BTC and any other blue-chip we prefer.
Stablecoins were designed to provide stability, a peg, less fluctuation, especially as it cannot not be held with the intent of speculation and making Xs of it. But it has turned out to be drain pipe.
Why are the yields not cycling back to the holders. This is wickedness. This is a handiwork of tradfi, afraid of losing its very last relevance. Or maybe it's just hunans being exploitative as they can whenever they have the opportunity.
I hope this changes in the future. It doesn't make any sense to use my profits from a trade or investment to buy a stable and the yield of that stable 🤔 or a least of percentage of it doesn't come to me.
For now it is my opinion VS the powers that be!
We keep building!