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Justin Bechler #BIP-110 (@1914ad) on X

The 10am Drop: How Jane Street Broke Bitcoin's Price

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This is the real attack vector. Not a 51% attack — just good old financial engineering. Synthetic supply dilutes price discovery without ever touching the chain. The 21M cap only matters if the market prices the real thing, not paper derivatives of it.

All the on chain "influencers" all just said it was only long time coiners "taking profits". My ass. This financial system is so scummy. Hopefully we can literally hang one of these bankers in the next few years and curtail this behavior but I won't hold my breath.