Nice, before the DeFi days, similar articles were calling Ethereum a securities fraud vending machine, when all the issuances were called ICOs I got a kick out

Nice, before the DeFi days, similar articles were calling Ethereum a securities fraud vending machine, when all the issuances were called ICOs I got a kick out of that I think this article misses for the forest for the trees, or weeds, or looses sight of the depth of this activity for a few VCs. That activity just gets worse ha. I think its up to the consumers to be more pragmatic in what they buy. VC involvement is not clout, but there is a heavy incentive to assume it is because non-VC involvement is also ripe for quicker disaster. When you try to bring this up in communities, people crowd you out. If you had previously said something nice about a project but noticed these conflicts of interest people will just say "don't FUD your own bags", meaning only say positive things to keep the interest high so that the exit liquidity remains for you too. Interestingly, I wonder if this how the 1920s were. I like how in the equities market it is possible to be a holder and take a critical position to bring people to highlight an issue and improve on it, but most don't or wouldn't do that either for the same reason: "don't FUD your own bags"