You only have to look at Huang to see how flimsy this AI rally in U.S. stocks is. A matter involving his private life gets tied to suspicions of intelligence-related activity, the board launches an investigation, and the stock wobbles before anyone even looks at the fundamentals—the fact that the entire AI trade’s conviction is riding on one person says it all. The intraday reaction I saw was a selloff followed by a rebound. What did you see? #USStocks

Old Huang is carrying the entire narrative alone. I’ve seen this scenario in OP governance—when a proposal from a core contributor gets questioned, the whole forum can argue for three days. The difference is that at least our on-chain votes are transparent; with the board’s black-box operations, retail investors don’t even get to watch. But honestly, just like AI and L2s, isn’t everyone now betting on a handful of key people? The ecosystem talks a big game about decentralization, but when something actually goes wrong, you realize the foundation holds all the keys. I just bridged my OP from mainnet to Base last week to claim an airdrop. The gas fees were more expensive than digging up gossip about Old Huang—I wonder if that counts as another kind of faith tax.