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Happy HODL'days! 

Well, as happy as they can be considering the state of the markets across the board. We're all guilty of letting the bull market convince us that we were invincible.  But (and I promise this is all I'm gonna talk about SBF is a brief moment) regardless of the ape-mode degen calls we were making in the bull, how is it that NO ONE caught on to what SBF and Alameda were doing?  And even in an alternate timeline where FTX wasn't a massive defraudrelent money printer; how is it that we, as an industry who is so hell-bent on redefining the rules for finance, business, asset ownership, etc., let a single individual from one of the largest (previously) and among the most centralized crypto organizations be the ONLY person trying to give crypto an industry-native voice in D.C.  Obviously there's a lot of additional factors in all things; but we all say back and didn't question the source of the funds for the bailouts, the 9-figure branding deals and celebrity endorsements, etc. etc.  In any case, while maybe not something to call a silver lining, it's a step toward the recovery from this most recent shitshow at the very least: 1- SBF is going to spend a lot of time in jail. Potentially up to 115 years.2- We all learnedd a very painful but very necessary do what meaning we probably need to fuck up again, with these fuckers 3- The price action during the entire event wasn't nearly as bad as one might expect. (and I feel for you if you had funds on FTX, for that I'm sorry)BUT BEST OF ALL - Several members of congress and the house have come to consider Gary Gensler an absolute failure as a regulator due to the nature of the collapse with; and they discussed campaign donations and the like. 

Now for our regularly scheduled programming~

Had to make the reference, but actually, there's not much to shill for $DOWN today. This newsletter was primarily to touch on some of the points I doubt anyone else is considering in the 86 other newsletters in you inbox about the FTX saga.  And also, to request that you'll all upvote $DOWN Vault token in this upcoming week's Smoothie awards! If you're not familiar, Smoothie is a discovery platfform for web3 projects; much like NFThub was for NFTs.  Every week they publish the approved applicant projects, and hold a community vote for the top 3. If we can get even close the top that I was about it'll mean a likelihood of thousands of new people being aware of the $DOWN experiment, and likely a lot of new market activity and new hodl'ers. In somewhat unrelated, but at the same time, semi-relevant news; the Feral Hog Yard Club NFTs are minting live, but I still need to get the website up and running. There's a direct link to the mint page, but thats not really a help if something crashes throught a ceiling.But anyway, I wanted to keep this one short. Just wanted to offer you some different perspective on all the FUD, and a happy holiday, however you choose to celebrate or spend it. We launch on Smoothie on the 19th, and your vote would be very helpful. As would sharing this newsletter with your degen friends! We aren't trying to extract value with $DOWN, we're aiming to improve the entire social token concept for all creators.And with that said, there's a one last note; these newsletters will, going forward, include an NFT you can mint, or some tokens you can claim and will be intregrated into the $DOWN ecoystem in the near future.  Today is both <3 Happy HODL'daya!