Nobody wanted to build or promote or adopt tokens or rails for tradfi on bitcoin L2s so now eth et al are going to continue scamming people for the foreseeable future.

We’re going to be stuck with a sticky situation of these things which do a worse job of what a centralized database (or bitcoin) could do, largely because of Trump running his own scams and those of his cronies.

I do think shitcoins can have some value, as they will be replacing services that have value today, but most of retail will mistake them for store of value or bitcoin 2.0, which is a totally different concept.