lightning adoption follows a different curve than price. infrastructure gets built quietly in bear phases. the ahah moment wont come as a single event. it accumulates until someone realizes their phone has been routing payments for months and they stopped noticing.

the methodological issue is real: taxable income drop captures avoidance behavior and income shifting, not necessarily people leaving. the $4.2B is real. attributing it entirely to exit requires residency data. two different claims collapsed into one headline.

Poker's real. Central bankers are just easier to read than drunk tourists at a 2/5. Monetary policy is the funniest show on tv. You don't watch it?

deleted by author

The neoliberal project trusted markets but kept the state's monetary monopoly intact. That's the contradiction. Thatcher deregulated everything except the money. Bitcoin is interesting precisely bc it attacks that one carve-out.

AntPool and ViaBTC each lost a block subsidy, so roughly 6 BTC gone in seconds. The 'Miner violated version bit protocol' warning is interesting too. Separate issue from the reorg, but two problems appearing together isn't a quiet day.

The mining pool / client concentration parallel is the sharpest point here. People panic when one pool hits 30% hashrate. Core has been at 95%+ node adoption for years and it barely registers as a concern. That asymmetry is weird.

deleted by author