i think the emergent behaviours of bitcoin fans relates to the mexican standoff character of the conflict between miners, between miners and users, and between users and corporate/government adopters. but that latter group have figured out what keeps it looking like an inflation hedge, and are leveraging this to take control of it and turn it into a de facto but supposedly not fiat currency. the game theory is very clear. there is no real fundamentals to bitcoin, just high friction to cooption, that persistent action could overcome. bitcoin mining is pretty much a closed business, because of sha256, which i think is antithetical to the rest of the philosophy it was intended for. bitcoin's role as a bridge to fiat kept the market dominance, but with BTCs and stablecoins the situation changes a lot. most shitcoiners just directly cash out to stables and then redeem them. USG adoption will be bullish for NGU, but not for freedom tech. they don't adopt anything that isn't in their favor, or able to be slanted that way. none of the degens or suits believe in real economic laws, only the laws of power and violence and usury. most shitcoins were not built to really solve the actual problems that make bitcoin vulnerable. maybe some legitimately believe that but most of them in the back of their mind it's NGU, and really, behind all the slogans, most bitcoiners are here for NGU. a smaller segment are here for mises monetary theory, but USG adoption means the end of that, no matter how good it is for NGU.