The price of Arbitrum is down 18% in three days and some big news broke over the weekend. The Arbitrum Foundation is calling it a “blunder of communication”, but is that what this really is? In this video, I’ve got a lot to tell you about the sale of 10 million ARB tokens, and why there’s backlash against the Arbitrum foundation for moving 40 billion ARB before voters were notified.
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1:00 The Controversy
1:49 The Airdrop
3:48 Blog Post
6:46 Why Didn’t the Vote Happen On Chain?
7:46 What is the Foundation Supposed to Do?
8:05 API-1 Was Too Big
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