#plasma bear case is simple: the “mass adoption” story doesn’t matter if the plumbing breaks.

If validators stay too concentrated, one outage or pressure point can halt/censor the chain. If the bridge/wrapped token layer gets hit, credibility evaporates overnight. If audits + security info aren’t crystal clear, partners hesitate. If regulation tightens (especially around consumer rails), access and listings get messy. If supply/emissions look confusing, farmers dump and trust collapses. If governance is insider-heavy, decentralization feels fake.

Survival = decentralize validators fast, treat bridges as existential, publish audits + fixes, stay utility-first for compliance, make token supply/emissions impossible to misunderstand, and put real checks on insiders$XPL #Plasma