This past week on @BloombergTV, @ethereumJoseph discussed the digital asset economy and how institutions are preparing:
"Financial institutions are soon to migrate to Layer 2s. Our Linea technology is going to be used by any financial institution that wants to use stablecoins, RWAs, and DeFi on Ethereum."
Institutions are coming.
I really don’t get some people… They don’t know the first thing about me, yet they assume I’m just salty because I didn’t like the $Linea airdrop. Truth is, I made around $1,000–2,000 from the #linea airdrop and I didn’t sell any of it. I could have, but I’m not here judging who sold and who didn’t that’s not my business.
I’ve been in this space for years. I used Infura RPC all the time; for me, it was always the best, most reliable RPC on Ethereum. MetaMask had its UI issues, sure, but it was still the wallet I trusted the most. Bottom line: Consensys was the most solid, trustworthy player in the industry in my eyes. That is, until I met Linea…
When Linea had its first big drops, instead of panic-selling I trusted the team and bought more. Price kept falling, so I bought again. I knew about the transfers from team wallets to deposit addresses, the ecosystem fund movementsnI still believed in them.
Here’s the reality: In the early days with high volume, big sells don’t wreck the market. But when volume dries up and liquidity gets thin, those big sells create massive pressure. Past a certain point the pressure feeds itself and recovery becomes nearly impossible. I never imagined the Linea team would unleash this level of destructive selling pressure. So I kept buying the dips, hunting bottoms level by level, and ended up taking a serious financial hit.
That’s the only reason I’m criticizing now not because my wallet didn’t get filled from an airdrop. I genuinely believed in Consensys, in MetaMask, in Linea. Getting burned by the one place in DeFi I trusted the most felt like a complete shock. It’s hands down the biggest trust break I’ve seen in this space after all these years.
And like I always say:
There are things more important than money like earning people’s trust.
If your name and your brand are trustworthy, even when you’re in deep financial trouble, you’ll find a way out. People will back you because they believe in you. Building trust takes a long time and a lot of patience. But destroying the trust you’ve built? That’s shockingly easy… and once it’s gone, rebuilding it is almost impossible.
Every time there’s a drop I check LineaScan and look at the transactions. More often than not, I see big movements from the ecosystem fund to deposit addresses. A lot of these dumps feel like deliberate, intentional selling pressure created by insiders or certain groups. And sadly, actions like these mean Consensys will never again be the “safe harbor” it used to be in my eyes.
Hope I managed to explain my feelings, the broken trust, and why this hurts so much. My criticism isn’t coming from hate or grudge it’s from deep disappointment and the pain of seeing years of built-up faith crumble in an instant.
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@LineaBuild Users report that due to the use of @FinanceChainge Bridge Linea team has sybil their wallets
This contract belongs to the Chainge team
0x456325f2ac7067234dd71e01bebe032b0255e039
and is used in @IntractCampaign tasks for Defi Voyage
https://t.co/9QZIG2fkU9
$XCHNG