Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean? On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around. ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT www.transporter.io/ ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE k.xyz/bankless-pod-q2 🔗CELO | CEL2 COMING SOON bankless.cc/Celo ⚖️ARBITRUM | SCALING ETHEREUM ⁠bankless.cc/Arbitrum 🛞MANTLE | MODULAR LAYER 2 NETWORK bankless.cc/Mantle 🏠 CASA | SECURE YOUR GENERATIONAL WEALTH bankless.cc/Casa 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION bankless.cc/toku 🌐 CARTESI | APPLY FOR A GRANT bankless.cc/CartesiGovernance ------ TIMESTAMPS 00:00 Intro 01:30 Why Record This Episode? 06:01 Why There Are Structurally Bad Vibes 15:47 Why it's Like This 29:14 The Problem With The Points Meta 38:29 Recent Airdrop Issues 47:21 Where Do We Go From Here? ------ RESOURCES VC Capital - imgur.com/KKqMWBe Sell Pressure - twitter.com/pythianism/status/1784958268420522195 Chris Dixon Take - a16zcrypto.com/posts/article/memecoins-tokens-regulation-policy/ LayerZero - x.com/LayerZero_Labs/status/1786441554816532646 Hayden Take - twitter.com/haydenzadams/status/1786784808187621874 ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures⁠