Et tu Arbitrum?
Goodbye my lover. Goodbye my friend. You have been the one. You have been the one for me - James Blunt
Drama drama drama, that’s all we want in crypto. Don’t we?
Let’s talk about Arbitrum today. One of the most anticipated token drops forever now. Since the last bull market, we have been hearing how these L2s are gonna make your grandma use the blockchain and bring crypto technology to the dumb masses.
We all sat on our L2 high horses while adding fuel to the Arbitrum revolution by making those L2 transactions. Waiting patiently in the shadows, behind our Metamask wallets and shitty DEXs thinking - there will be an Arbitrum drop someday. That day is not today, but when that day arrives I’m gonna HODL this coin to my grave.
Well, you all know the good news. That day finally arrived at the deepest depths of this bear market. I mean for fucks sake, couldn’t they pick another time to do this? Perhaps 2021/22 was a good time? Maybe fast forward to 2024/25? Why the fuck pick now when the entire market has been going to Mariana Trench.
But you know what, let’s give them a bit of slack. They are building for the right reasons. To bring blockchain and crypto tech to our grandmas and grandpas!
HOWEVER!!!
AIP-01, literally the first fucking ‘Arbitrum Improvement Proposal’ is where they pissed off a bunch of us. Here are some tweets to get the basic idea:
Thank you for your vote Cambridge! [by Cambridge Blockchain Society]
It was off course a ratification [by Cointelegraph]
tittyrespecter [from uxdprotocol] has a point
Au [from Theblocks] is clearly upset with this shit
First, they do one of the most anticipated drops in one of the worst crypto bear markets. Second, on their first AIP they wanna move $750 million worth of ARB? Third, they actually spent the ARB before voting on the proposal was complete. I mean what the actual fuck lmao.
Welcome to crypto ‘governance’. What a fucking disappointment. To be honest, I’m really not sure if there was some kind of stupidity or plain arrogance. Perhaps a bit of both?
Shit like this is what prevents our grandpas from putting their pension into cryptoland. Shit like this is why boomers laugh at us. What a joke and embarrassment to the decentralized community.
Just fucking opinions. Wish this one was a fact though.