Your edge is welcomed. Id say you’re right. But id add its a spectrum. A pendulum. In the beginning there wasn’t much of any of what your red flagging. And in the end there will be much less.

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I don’t think you fully grasp how far bitcoin has come in just 16 years and yet it’s still not immune to government capture. Mining remains centralized, most people keep their sats on exchanges, and only a small fraction of nodes are being run. Add this to the $ flowing into the influencers pockets to promote people like saylor and to buy devs !