Let me translate and break down this guy's inner OS: The biggest irony in the crypto industry is a group of people shouting 'decentralization,' only to ultimately hand their fate over to a few centralized exchanges. What does 'rent-seeking rackets' mean? It's a business model that doesn’t create core value but instead relies on occupying key positions to collect 'tolls.' See, the irony is that we’re trying to use cryptography to eliminate all middlemen, but we’ve ended up building a multi-layered middleman system that’s even more complex than traditional finance: The obvious ones — CEX listing fees, platform trading fees, withdrawal fees, cross-chain transaction fees, etc. The hidden ones — insider trading exploiting information gaps, shady backdoor deals, manipulation after low-liquidity launches, and so on... If these rent-seekers were providing infrastructure services and sharing liquidity spillovers, that would be one thing. But when rent-seekers gain too much power, disaster strikes. The real builders and users are the ones footing the bill for these rent-seekers. But fortunately, the position of rent-seekers will be completely dismantled in the next wave of technological innovation.