Why This Cycle is Cooked | DH + RSA Bankless

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. 
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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?
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RESOURCES 
VC Capital - https://imgur.com/KKqMWBe 
Sell Pressure - https://twitter.com/pythianism/status/1784958268420522195 
Chris Dixon Take - https://a16zcrypto.com/posts/article/memecoins-tokens-regulation-policy/ 
LayerZero - https://x.com/LayerZero_Labs/status/1786441554816532646 
Hayden Take - https://twitter.com/haydenzadams/status/1786784808187621874 
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