The collapse of the Terra/Luna crypto ecosystem, along with the general carnage in crypto more generally over the past few weeks, got me thinking. Not so much about the crypto price movements and the misbegotten Ponzi scheme of Terra/Luna per se (although yes), but more about the structure of the crypto "industry" and what it has become.
I thought a lot about Orwell's other classic - Animal Farm - and the final scene where all the animals who had followed Napoleon the Pig's orders to rise up against their human masters look through the windows of the farmhouse where the Pig leadership took up residence.
The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.
Yay, crypto revolution!
The answer is not, as Boxer the Horse said before the Pigs killed him, "I must work harder." The answer is not a more earnest crypto project. The answer is not Better Code TM.
We need to talk about how we got here and why the revolution failed. Then we can talk about what we're gonna do.