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Why This Cycle is Cooked | DH + RSA
Bankless
Learning from the past to avoid corruption in token distribution
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The crypto industry has experienced a pattern where token distributions get corrupted by grifters, leading to regulatory constraints. This cycle of corruption is repeated in each new distribution system within the industry. The challenge lies in finding a fair and ungameable way to distribute tokens to retail investors, hindered by existing regulations such as securities laws. Lack of regulatory clarity in token status, particularly in the US, has contributed to the rise of meme coin mania, favoring memes over substance.
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