The Robinhood x Arbitrum announcement should be noted as the perfect example of why CT is the dumbest fucking environment for getting consensus on reality. If you were to believe the "consensus of CT" over the last two years: Arbitrum was dead, a ghost chain. This announcement demonstrated the gulf of a divide between CT perception and objective reality.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

After the circle IPO I had this same exact thought about CT

Open, decentralized, permissionless 5-9; Wall Street 9-5; running, surfing, meditating; NY, CA; Building

CT was also saying the $31 price was WAY overvalued. I guess it caught everyone off guard but still CT has had so many bad takes I guess because they like to farm engagement

why? the gun point is more on trad-fi valuation was way off