dmitry 🪷 @BackTheBunny Twitter profile

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dmitry 🪷

6 days

Smaller government resonates with the high-agency. Larger government with the low-agency. You're always voting your temperament... "what environment is best suited to me thriving" is embedded into your decision making, and political thinking, at a biological level. Politics is

dmitry 🪷

@BackTheBunny

7 days

Recruitment, Loyalty, & Dependents: Dominant Political Strategies in a Democracy Price controls make perfect sense when you understand the game theory and incentive structures of a democracy where the low-agency and high-agency have votes that count all the same. You are

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dmitry 🪷

@BackTheBunny

4 months

@ShouldHaveCat I would instant adopt if this happened. Wouldn't even think twice about it.

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dmitry 🪷

@BackTheBunny

2 months

@AlaskanTom Subhuman, evil behavior. You are filth. Strap them to yourself next time.

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dmitry 🪷

@BackTheBunny

1 month

@DissidentSoaps Goddamn man. This whole thread. Deceased.

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dmitry 🪷

@BackTheBunny

8 months

@hippojuicefilm this trend feels similar to hideously fake plastic tits in the 90s. every couple decades there's a fad where women low-key mutilate themselves to signal something to other women? idk. lip-injection thing looks awful too. clearly has nothing to do with male sexual appeal. clearly

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dmitry 🪷

@BackTheBunny

6 months

@ForeignAffairs @Gustavo_F_M Advocating and weaponizing the criminal underclass against the productive members of society is a known tactic. Your moral authority is gone. We see you.

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dmitry 🪷

@BackTheBunny

3 months

@CityLab @Luisa_Godinez_P @BrianDSmedley it's bad on purpose to make you click. do not click the slop.

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dmitry 🪷

@BackTheBunny

1 month

@bigcontentguy Pov you are about to dunk on a 4-foot hoop

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dmitry 🪷

@BackTheBunny

3 months

@uncledoomer I've been 50% in europe (different parts) the last several years and it do be often like this tho.

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dmitry 🪷

@BackTheBunny

1 year

everyone knew how LUNA worked. nothing opaque about its mechanisms. smart money and retail both hit. Jump, 3AC, VCs, and small investors alike wiped out all the same from the same flawed idea. Dough Kwon (chonky) arrested but a transparently bad idea is not a crime. discuss.

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dmitry 🪷

@BackTheBunny

5 months

@growing_daniel ohhh I love how you arranged those magnets in your cubicle. you're fun.

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dmitry 🪷

@BackTheBunny

1 year

@GreenTextRepost I'm already envisioning our life together

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dmitry 🪷

@BackTheBunny

4 months

@ylecun @elonmusk @MarioNawfal sit this one out Mr. Good and Nice Beliefs man

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dmitry 🪷

@BackTheBunny

3 months

@AutismCapital you can just see the green lines in action. TB12 pitching his idea for a new kind of smoothie or something and Bezos is just sitting back thinking about how much he loves mid latinas.

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dmitry 🪷

@BackTheBunny

4 months

@SCHIZO_FREQ who's building this?

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dmitry 🪷

@BackTheBunny

1 year

@joerogan beep boop science and such

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dmitry 🪷

@BackTheBunny

1 year

The Fed: A Multi-Part Series - QE doesn’t do anything & isn't money printing - The Fed’s balance sheet is a fiction - QE doesn't create inflation - The Fed doesn't control interest rates If you'll indulge me & let me defend these claims A psychological & technical breakdown 🧵

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dmitry 🪷

@BackTheBunny

1 month

@bigcontentguy We gotta help this guy out, no man deserves to be down this bad.

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dmitry 🪷

@BackTheBunny

2 years

gm friends. pls enjoy this memetic gift to you and yours to recap all the cherished memories of the smoldering wreckage of 2022 ✨🥹

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dmitry 🪷

@BackTheBunny

2 years

@AutismCapital it's called grinding

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dmitry 🪷

@BackTheBunny

1 year

arthur is wrong. new dollars are not being created with this banking program. pretend those deposits right now are "trapped" at the banks in purgatory. because of how bank assets have lost value as rates rise, the dollars that were given to them are in purgatory until the bonds

Arthur Hayes

@CryptoHayes

1 year

In case you don’t comprehend how serious the US banking problems are:

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dmitry 🪷

@BackTheBunny

1 month

@chooserich you belong under a bridge asking people to answer 3 riddles in order to pass

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dmitry 🪷

@BackTheBunny

2 years

@SBF_FTX inspiring stuff

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dmitry 🪷

@BackTheBunny

5 months

when you get your airdrop and the project hopes you stick around

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dmitry 🪷

@BackTheBunny

7 months

@FischerKing64 Spaceship man cooked him good already

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dmitry 🪷

@BackTheBunny

7 months

@BODY_W0_WHORGAN This guy is such a gift to the world

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dmitry 🪷

@BackTheBunny

1 year

THE MILADY SOCIOPOLITICAL EVOLUTION To shock puritans: 1970-90s: devil worship, rock, tattoos 2020s: *insert wrongthink heretical belief* A counterculture is blowback. It's intentionally offensive to establishment beliefs. Find it repellent? Good, it’s meant to gatekeep you 🧵

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dmitry 🪷

@BackTheBunny

1 month

@WatcherGuru based!

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dmitry 🪷

@BackTheBunny

5 months

every DeFi bridge is just a bunch of indian guys doing this to each one of your coins

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dmitry 🪷

@BackTheBunny

1 year

Economics isn't a zero-sum game, but power is. Crypto is a disintermediation of state control of financial infrastructure. Separating money and state. This is a big deal. DeFi will be attacked. It's going to get worse. But our victory is inevitable. The Vietnam Thesis 🧵

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dmitry 🪷

@BackTheBunny

1 year

the strategy of putting out an intentionally incorrect take, knowing community notes will correct it with the information you actually wanted to share, and it will validate its accuracy when doing so..... is a v good strategy.

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dmitry 🪷

@BackTheBunny

1 year

The Fed: Part 1 covered the psychological priming of the Fed and why QE isn’t money printing, but a headline-grabbing manipulation. What about the other side of the action: the Fed's balance sheet. What happens to bonds after they're swapped. They're sent to the graveyard🧵

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dmitry 🪷

@BackTheBunny

6 months

@growing_daniel

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dmitry 🪷

@BackTheBunny

2 years

@AutismCapital 1 fraud = 1 altruism 🙏

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dmitry 🪷

@BackTheBunny

5 months

> crypto VCs: "we perform due diligence" > the diligence:

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dmitry 🪷

@BackTheBunny

4 months

@growing_daniel he's gotta be sitting on one of those bariatric shower chairs for tubbies who can't stand too long to pull off this maneuver?

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dmitry 🪷

@BackTheBunny

1 year

@GlennLuk always love a well-executed 'my boy's wicked smaht' template. well-done king 🤝

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dmitry 🪷

@BackTheBunny

1 year

@goth600 ohhh husbandt Eeron Musk hire WEF rizard woman as twitter boss. you get banned again and get no rikes on post. now whole timerine is joyerress

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dmitry 🪷

@BackTheBunny

1 year

Generations of warfare and business correlate, however there's a lag. War is ~1 cycle ahead. War is more adaptive to evolutions in strategy, making it an informative leading indicator in adversarial and competitive domains. I believe this makes it an excellent proxy for DeFi 🧵

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dmitry 🪷

@BackTheBunny

4 months

@nayibbukele We just did

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dmitry 🪷

@BackTheBunny

2 years

@litcapital based

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dmitry 🪷

@BackTheBunny

2 years

I got laid off from google today. I was the guy who made sure the first 7 things you saw in search results weren't useful and why everyone started adding "reddit" to the end of queries. looking for a new role where I can determine what people are allowed to say online 🙏

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dmitry 🪷

@BackTheBunny

1 year

@growing_daniel IBM stands for Incel Bimbo Manufacturers. They make AI waifu gfs for chuds. I'm long.

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dmitry 🪷

@BackTheBunny

2 years

Crypto will fail because it has no “intrinsic value” (IV) This is a mindless criticism. IV arguments are conveniently used to tout things we like & disparage what we dislike. It’s an amorphous term that's chronically misused. Let's dissect what “intrinsic value” really means 🧵

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dmitry 🪷

@BackTheBunny

2 years

Generations of war & business correlate closely. However there's a lag; war is 1 cycle ahead and leads business strategy. I believe warfare is also a proxy for DeFi generations. This is part 2 of 3 analyzing cycles of business and war, and using them to predict DeFi’s future 🧵

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dmitry 🪷

@BackTheBunny

11 months

@MedGold_ it just started raining...

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dmitry 🪷

@BackTheBunny

1 year

The Federal Reserve does not control interest rates It’s one of the most powerful, manipulative lies that exists. Recognizing it will be both uncomfortable and liberating. Fed control is a mass delusion. You’ve never inspected any of their claims, have you? Let's do that 🧵

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dmitry 🪷

@BackTheBunny

1 year

Sharing the motivation for this Fed series is equally as important as the analysis. A point of contention with me is who gets the blame -- and is obsessed over -- for the debasement of the dollar. Recognize where power exists: become a Fed disrespecter The Fed: Part Zero 🧵

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dmitry 🪷

@BackTheBunny

2 years

Introducing: Crypto Market Wizards A new RabbitX series of interviews with pro DeFi traders. We learn about their background, strategies, psychological processes, risk mgmt, and other interesting bits of info that made them successful. Our first interview is with @Stoiiic 🧵

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dmitry 🪷

@BackTheBunny

1 month

@QuetzalPhoenix Cake respecter

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dmitry 🪷

@BackTheBunny

1 year

"I didn't say it the fact checkers did. Seems right though. Wow. I did not know"

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dmitry 🪷

@BackTheBunny

4 months

@creepydotorg "Tell the Pope I want them to open up an Arby's next to the Vatican. Heed this request or suffer the consequences."

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dmitry 🪷

@BackTheBunny

1 year

@BillAckman this is hateful. pls delete.

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dmitry 🪷

@BackTheBunny

3 months

@growing_daniel most of these weren't that funny when they happened, but reading them all recounted in a dry court document where NPCs can pretend to be shocked by them is pretty hilarious.

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dmitry 🪷

@BackTheBunny

2 months

@sciam mmmmmmm scientific american magazine

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dmitry 🪷

@BackTheBunny

3 months

@FischerKing64 Luxury conditions beget luxury beliefs, and atrophies human resilience and agency. Little microcosms of creeping entropy in the west everywhere you look.

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dmitry 🪷

@BackTheBunny

4 months

@real_lord_miles @1chrismcg hi border patrol, that's right, I have intel that she's crossing the darian gap as we speak.

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dmitry 🪷

@BackTheBunny

1 year

@SFBART COOL AND NORMAL

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dmitry 🪷

@BackTheBunny

1 year

the Sams just want to make sure you're safe

dmitry 🪷

@BackTheBunny

1 year

the AGI playbook: 1. neurotic priests that present as experts foment fear via their secular eschatology 2. midcurve bureaucratic class attach to pseudo-expert priests and uses fear as a tool to justify their control 3. under guise of fake emergency, they push to give the

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dmitry 🪷

@BackTheBunny

1 year

@SCHIZO_FREQ men: deploy the same breakdown strategy when "I feel horny" doesn't work too. highly effective.

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dmitry 🪷

@BackTheBunny

9 months

Biofoundationalism and Moral Foundations Utility Theory: Cthulhu Swims Left, Because He Has Nowhere Else To Go This is a 6-part series of essays on why I believe the well-known political cycles of nations occur. Part 1: Moral Foundations and Hypermoralization ABSTRACT There

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dmitry 🪷

@BackTheBunny

1 year

The below wasn’t a joke. I really lost millions this way over 8 months. My wealth was a low-interest-rate phenomenon. I lived the wisdom “some lessons must be experienced”. It made me recalibrate my identity. I'm glad it happened. On devastating losses & what you get to keep 🧵

dmitry 🪷

@BackTheBunny

2 years

I personally lost $0 from the FTX implosion. I lost millions the old-fashioned way: slowly bleeding out all year continuing to hold my long-duration tech and crypto that performed obnoxiously well over the last several years 🤝 Built different.

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dmitry 🪷

@BackTheBunny

3 months

@AutismCapital Alex Jones after they destroy Info Wars

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dmitry 🪷

@BackTheBunny

3 months

@Devon_Eriksen_ He's a shining example of how someone who's good at a specific kind of math can otherwise be nothing more than a platitude-filled tape recording of vacuous pleasant-sounding boomerisms. the halo fallacy sends its regards Yann.

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dmitry 🪷

@BackTheBunny

1 year

@dash_eats for every 100 likes this post gets I'll make her eyes even further apart (challenge: impossible)

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dmitry 🪷

@BackTheBunny

5 months

@realchrisrufo Hi Chris, it's Tammy (she/her). I saw that post you made online about something called a "longhouse". I wanted to see if you had some time to stop by HR today for a quick refresher on company policies and language that makes people feel unsafe. Thanks!

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dmitry 🪷

@BackTheBunny

1 year

the AGI playbook: 1. neurotic priests that present as experts foment fear via their secular eschatology 2. midcurve bureaucratic class attach to pseudo-expert priests and uses fear as a tool to justify their control 3. under guise of fake emergency, they push to give the

dmitry 🪷

@BackTheBunny

1 year

on the AI and crypto duality that I liken to homeostasis in the podcast: I think these technologies are evolutionary extensions of human cognition. they should be viewed similar to competing forces in a biological entity 🧵

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dmitry 🪷

@BackTheBunny

7 months

ethereum absolutely shouldn't rehypothecate its security. capital efficiency at all costs is a false god. network security is sacred and you're imperiling it when you lease out the same asset to secure 2 protocols. leveraged network security means, unequivocally, that at least

Duo Nine ⚡ YCC

@DU09BTC

7 months

The more I read about EigenLayer, the more obvious it becomes how Ethereum fails in its design. Look at this picture. EigenLayer is a fix to what ETH should do natively. You can do patchwork only so far before a better horse comes along. What chain will be the Ethereum killer?

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dmitry 🪷

@BackTheBunny

1 year

why will the US fail to stop DeFi? for the same reason the US doesn't win wars anymore. the US military is built for big, centralized countries that occupy territory with formal military structure: Russia, China, Germany, etc. who does the US keep losing to post WW2? Vietnam.

dmitry 🪷

@BackTheBunny

1 year

5th-generation DeFi In 4th-gen DeFi, the US truly internalizes that power is a zero-sum game and crypto represents a reduction of it. They won’t understand it as inexorable though, they'll think they can stop it. They won't take kindly to it. 5th gen deals with that reality.

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dmitry 🪷

@BackTheBunny

1 month

@kitten_beloved Is this what happens when you abstain from political posting? You become a hater, a thief of common joys. A schnitzel disrespecter.

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dmitry 🪷

@BackTheBunny

1 year

AI amplifies you, but also dilutes you. As AI's presence increases, yours fades... I've seen “here’s how to use AI” stuff, I haven’t seen any “here’s when NOT to use AI”. There's a Laffer Curve for AI, and more is not more. There are 3 types of writing, LLMs can only do 2 🧵

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dmitry 🪷

@BackTheBunny

1 year

AI is not a young technology. It’s an ancient one. AI is more appropriately understood as superhistory, not superintelligence This has application beyond AI. It changed how I view myself and those around me. You are a centaur 🧵

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dmitry 🪷

@BackTheBunny

1 year

5th-generation warfare 5th-gen war is a hybrid of cyber & psychological combat that transcends meatspace. It often isn’t violent in a normal sense, it’s war of non-kinetic force and an omnipresent mental battlefield. It’s war of information & perception. Experience the glowjob.

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dmitry 🪷

@BackTheBunny

11 months

The US dollar isn't backed by nothing, it’s a Proof of Violence (PoV) network. PoV doesn’t need to show proof often, just once in resounding fashion can last quite a while. PoV allowed the US to set up the entire financial system as the rails for its hegemony. It's decaying 🧵

dmitry 🪷

@BackTheBunny

11 months

Crypto's proliferation will change financial behaviors, which will change physical behaviors. DeFi will continue to be attacked by the US. As the West incrementally loses this war, others will gain. On network states: tribes, trust mechanisms, and the El Salvador method 🧵

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dmitry 🪷

@BackTheBunny

5 months

Crypto Blitzkrieg DeFi as an industry should DDoS these mthrfckrs. Ripple drained huge SEC resources for years fighting them. their bureaucratic midwit army has a fraction of the human capital we do. they can be overwhelmed. proactively bring the fight to them with myriads of

dmitry 🪷

@BackTheBunny

1 year

5th-generation warfare 5th-gen war is a hybrid of cyber & psychological combat that transcends meatspace. It often isn’t violent in a normal sense, it’s war of non-kinetic force and an omnipresent mental battlefield. It’s war of information & perception. Experience the glowjob.

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dmitry 🪷

@BackTheBunny

2 years

The value in being an outsider depends on the quality of the insiders: "One way to tell whether a field has standards is the overlap between the leading practitioners and the people who teach the subject in universities. At one end you have fields like math and physics, where

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dmitry 🪷

@BackTheBunny

1 year

@growing_daniel RETVRN

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dmitry 🪷

@BackTheBunny

1 year

“Decentralization” is becoming a meme for DeFi. This can’t happen. It can't become a platitude for anything related to crypto that isn’t Coinbase. We need to concretize and codify what decentralization means. Presenting: the RabbitX Decentralization Ranking System (RDRS) 🧵

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dmitry 🪷

@BackTheBunny

1 year

I only post facts

dmitry 🪷

@BackTheBunny

1 year

SVB failed because they: - invested deposits in US Treasurys. commonly done and completely compliant - SVB didn't break any rules. the regulated entity followed the regulation. - SVB had 185:1 leverage this way, lost it all same as femboy420 on deribit again, I ask you...

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dmitry 🪷

@BackTheBunny

8 months

"Show me the man and I'll show you the crime" IMPORTANT: they are designing laws that can't be adhered to, not because they don't understand how DeFi/crypto work, but because they DO. They now have a valid violation for almost everyone that allows them to pursue whoever they

dmitry 🪷

@BackTheBunny

1 year

Economics isn't a zero-sum game, but power is. Crypto is a disintermediation of state control of financial infrastructure. Separating money and state. This is a big deal. DeFi will be attacked. It's going to get worse. But our victory is inevitable. The Vietnam Thesis 🧵

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dmitry 🪷

@BackTheBunny

1 year

I have made a documentary to recount the 2022 mayhem. > @jump_ tries to save $UST > North Koreans capitalizing on the destruction > Celsius is the ugly girl > Su cardiac liquidation event > @KyleLDavies wife don't play > SBF was always lurking memories....

dmitry 🪷

@BackTheBunny

1 year

everyone knew how LUNA worked. nothing opaque about its mechanisms. smart money and retail both hit. Jump, 3AC, VCs, and small investors alike wiped out all the same from the same flawed idea. Dough Kwon (chonky) arrested but a transparently bad idea is not a crime. discuss.

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dmitry 🪷

@BackTheBunny

1 year

AGI will be a war. the participants are: milady (based schizo autismo mischievous accelerationism) VS m'lady (fedora reddittor soylent bug-consumption authoritarianism) choose your sides accordingly

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dmitry 🪷

@BackTheBunny

1 year

I think Ethereum is the most important infrastructure in the world: both for what it is and what it can be. And it will never be enough. There must be other layer 1s. I believe natural law demands it. If not, DeFi will break one day. Because blockchains are organisms 🧵

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dmitry 🪷

@BackTheBunny

1 year

On Fed Swap Lines the goals are analogous to the BTFP program. however this is simply a 1:1 collateralized loan. swap lines are a USD *loan* from the Fed to a foreign central bank (FCB). the FCB exchanges a commensurate amount of its currency for the USD 🧵

dmitry 🪷

@BackTheBunny

1 year

arthur is wrong. new dollars are not being created with this banking program. pretend those deposits right now are "trapped" at the banks in purgatory. because of how bank assets have lost value as rates rise, the dollars that were given to them are in purgatory until the bonds

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dmitry 🪷

@BackTheBunny

5 months

@Tradermayne Bro is covert recording other bros pee'ing in the bathroom like "see aren't they the weird ones!" Study Mayne.

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dmitry 🪷

@BackTheBunny

1 year

shining light on sketchy behavior out of binance. this should never happen. when you send a market order, even in a thin book, there should be risk controls to prevent this nonsense. this can't happen on RabbitX. a brief 🧵 that is more educational than promotional...

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@BackTheBunny

2 years

Rather than speculate if feds will backstop Silicon Valley Bank's depositors or force a sale of the 2nd-biggest bank failure in US history, I did research on the fed response when major banks fail. The top-10 US commercial bank implosions and the government response 🧵

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dmitry 🪷

@BackTheBunny

1 year

SVB failed because they: - invested deposits in US Treasurys. commonly done and completely compliant - SVB didn't break any rules. the regulated entity followed the regulation. - SVB had 185:1 leverage this way, lost it all same as femboy420 on deribit again, I ask you...

dmitry 🪷

@BackTheBunny

2 years

Rather than speculate if feds will backstop Silicon Valley Bank's depositors or force a sale of the 2nd-biggest bank failure in US history, I did research on the fed response when major banks fail. The top-10 US commercial bank implosions and the government response 🧵

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@BackTheBunny

2 years

I implore you

dmitry 🪷

@BackTheBunny

2 years

the term "cryptocurrency" is a misnomer & makes normies think all crypto has only currency use cases (eg $btc $doge) when there's real financial infrastructure being built. it's like calling the internet the "information superhighway" and is boomer disinformation. discuss🐰

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dmitry 🪷

@BackTheBunny

7 months

Speed Running Financial History, Lessons from TradFi for DeFi Part 1: Governance Tokens, Tech Stocks, Dividends, and "Utility" DeFi needs more awareness of our TradFi parallels. Namely how our problems, discoveries, life cycles, etc. are not new. The point of this series is to

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dmitry 🪷

@BackTheBunny

1 year

when you realize everyone is just acting in their own self-interest, and the rationale will be optics that post-hoc justify motivations, little surprises you. Jeremy wants stablecoin regulation for the same reason SBF wanted it for DeFi, and why the other Sam (Altman) wants it

Jeremy Allaire - jda.eth / jdallaire.sol

@jerallaire

1 year

The @circle story continues to unfold. @Forbes

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dmitry 🪷

@BackTheBunny

9 months

/ourguy/ there's only one man I see with the actual competence, aggression, resources, and multifaceted social, political, and business acumen (see: competence) to be an actual Caesar. it's Elon. everyone else is a populist larp. they'll fold the second they're in office,

Watcher.Guru

@WatcherGuru

9 months

JUST IN: Elon Musk tells advertisers who are trying to blackmail him to "go fu*k yourself."

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@BackTheBunny

1 month

@SCHIZO_FREQ > you're not being very empathetic > I just said I understand your feelings and point of view. > yeah but you don't agree with me though.

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dmitry 🪷

@BackTheBunny

1 year

guys, I hate to break this to you: if Gensler goes down, your problems do not go away. at all. you don't think they have wooden shed behind the white house filled with these guys? the machine is the problem, not the mouthpiece. the mouthpiece is simply a figurehead.

dmitry 🪷

@BackTheBunny

2 years

The US is using rules created before computers to regulate the Fourth Industrial Revolution. They’re often antiquated & use old-economy paradigms to categorize tech with no precedent. This is how the SEC is trying to advance control over DeFi by ignoring one crucial word...🧵🐰

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dmitry 🪷

@BackTheBunny

1 year

The Fed, Part 3: Arthur and Jim are wrong Dollars were deposited in banks. Bonds lost value. The dollars are now trapped. The Fed provided loans to access them. Smart pushback: "What about the time value of money? $300B now instead of later matters!" Yes. Just not that much 🧵

Arthur Hayes

@CryptoHayes

1 year

In case you don’t comprehend how serious the US banking problems are:

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dmitry 🪷

@BackTheBunny

1 year

I heard binance, CZ, kraken, coinbase, and the banks we're having a hard time these days. really gets the noggin' joggin'

dmitry 🪷

@BackTheBunny

1 year

Please spread the word. To oppose DeFi is to promote bigotry and hate ✊✊✊

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dmitry 🪷

@BackTheBunny

1 year

it is my duty to educate

dmitry 🪷

@BackTheBunny

1 year

I only post facts

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dmitry 🪷

@BackTheBunny

4 months

@FischerKing64 Barron seems destined to have a long and fruitful career at Bain and Co.. where he will make an impressive white-collar salary advising companies their margins could in fact be better if they charged more and fired staff.

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dmitry 🪷

@BackTheBunny

1 year

crypto is now "a threat to national security"... are you ready to internalize this? here's all the analysis you need: imagine what a drug cartel would do if another cartel started selling in its territory? analysis complete! next steps 🧵

The Wall Street Journal

@WSJ

1 year

The burgeoning decentralized cryptocurrency market threatens U.S. national security and needs greater oversight, the U.S. Treasury says

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dmitry 🪷

@BackTheBunny

8 months

@WatcherGuru @VivekGRamaswamy "CBDCs oh no!" guys, like 97% of currency is already digital. your USD runs on the government's own ledger (the banks). they can freeze any of it at will. the bad thing has happened. they already control the financial rails and the token. this already exists. but now they

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