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 I don't think bitcoin was created for on-chain AMMs. 
 Programmable money was meant to allow you to specify arbitrary things on your funds in a way that was binding.

I'm struggling to find Satoshi's statement on systems which can't be interfered with "no matter how good the intentions", but it applies here. I suggest you take some solace in the trade-off: that while you can't stop people from doing bad things, bad people can't stop you from doing good things, either! 
 I think we disrespected and ignored satoshi when all the funding, efforts etc. went to fedimint, cashu etc.

Not just satoshi but all the people who discussed ecash without trusted third parties before bitcoin on mailing lists. We are just slaves for investors at this moment and there are very few transactions settling payments on bitcoin.

It's a speculative asset that everyone enjoys when price goes up and not the same as when I started researching bitcoin in 2015.

I can assure you all the conferences in US do not affect normal people in this part of world. Asia still prefers other things for payments and I don't know who are you scaling for. 
 I can see this upsets you, and I share some of your concerns about the price distraction.

But my response has always been to continue to do engineering the best I can. I'm my experience, it's the only way I can move the needle (and even then, no guarantees!)