so let me get this straight in the last cycle people didn’t know whether or not launching a token would be totally chill or would be totally jail because the SEC wasn’t willing to establish modern rules so to be safe don’t launch a fungible token in a US jurisdiction get really good lawyers who will tell you how to navigate a mission impossible laser room of jurisdictions so you don’t get in trouble with your little coin then someone you don’t know and will never meet will launch your token’s smart contract in BVI or Panama or wherever it’s chill to do that so ‘you’ didn’t launch it for tax purposes the token will get appraised at de minimis so you don’t get fucked on taxes with a fortune of phantom income at tge treasury is managed off-shore by a ‘Foundation’ put a DAO in front to advise the Foundation on how to distribute a token by voting on different proposals people organize beauracratize and participate in a pure democracy where the richest people have the most votes and winners get free money? but at least that’s a reason to buy the token builders try really hard get disillusioned by proposals get scorned by other participants get blamed when its not working pitchforks dissolve dao but then rich people holding tokies to control the ballot have no reason to hold market sell price down only everyone jaded all because navigating a grey zone legal landscape from washington beaureaucrats who didn’t want to set a clear policy tokie ATL but now new leadership is autistic at simplifying and thinks a bunch of shit doesn’t make sense and is going to tear down and rebuild and streamline everything until its coherent did I get that right?