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64 sats \ 1 reply \ @denlillaapan OP 9h \ parent \ on: How Bitcoin Broke: "Stay Alive" is the Vibe in the Crypto Market (WSJ) econ

Same. That really bugs me too, and why I find this so much worse than 2022... Back then, we learned quickly what was up when various shitty behaviour (yield, Financialization, fraud) blew up and mechanically shoved price down by fire selling.

Now? I'm at a loss to explain wth is happening

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0 sats \ 0 replies \ @clr 9h
Financialization

Now we have:

  • Saylor
  • ETFs
  • This obsession with borrowing fiat against bitcoin.

We need less of those and more circular economy. Just hold bitcoin and use it as MoE rather than letting third parties treasure it.

And the blockchain is being used to store graffiti because the bitcoin community has stopped caring about the movement and just trust the church (Core). Client monoculture is the elephant in the room we don't want to talk about.

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