Remember that all government money is counterfeit. Such money began as discrete quantities of a real commodity: silver or gold. Such money was used and trusted because it was a bearer proxy for this real good; the paper (valueless) a receipt for a quantity of metal (valuable). And then the metal was stolen by the US Federal Government from all holders of the proxy instrument. The public was rugged, and now all government money is counterfeit, aka fiat. That the world continued on without rebellion says something about how easily the masses may be deceived so long as a charismatic man with a flag pin stands before them. When will he next appear before us? What illusion will we next be asked to believe? The bill for this crime is paid every year by everyone holding fiat, as they see prices rise and struggle with the attendant consequences of being paid in an asset debased in perpetuity. They attribute their suffering to some phenomenon of nature, or to the greed of capitalists, rather than to that specific act of fraud on August 15 1971.

Bad take First, only in crypto (DEX's in particular) is there this kind of transparency. *Everyone* can see the action that this account took. Nowhere in tradfi is such a thing possible. Second, that a whale likely had knowledge of a soon-to-be-public global news event, is not an indictment of crypto. It's an open, permissionless system. Anyone can use it, on the same set of rules. What you're actually mad about is that someone had this special information and traded on it, and this is inevitable when markets are so bound to regulators and policy makers, who can cause such dramatic changes based on a single tweet. Perhaps, perhaps, the real issue is that our markets have too much influence from such privileged political positions. In crypto, everyone plays by the same set of rules, transparently. In politics, everyone plays by different rules, opaquely. Don't mistake the symptom (market reaction) for the disease (market coercion).