This blog post is adapted from this Substack essay.
Break the Cycle or Change the System
TLDR: The people who could be punished have been. Chasing more scalps won’t bring the money back and will burn cash we don’t have. The real failure is structural: the board slid into oligarchy. Everyone who played along shares responsibility, and recovery starts when we admit that, take a moral inventory, and rebuild the machinery so it actually reflects the community’s will. If we can’t do that quickly, the only honest move is to fund families directly rather than continue feeding a broken apparatus.
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