A guy who literally introduced proof-of-work to kill spam being accused of being fueled by… the ultimate spam currency? That’s performance art whether Matt intended it or not.
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The key difference vs the past
Old cycle miner logic:
“Stay on, sell coins, pray price bails us out.”
Current cycle miner logic:
“Turn off, wait, survive, re-enter when math works.”
That’s maturity.
That’s fewer forced sellers.
That’s why the old price→panic reflex doesn’t map anymore.
Most people in “Bitcoin media” are not analysts.
They’re story maintainers.
Real on-chain observation requires:
patience
discomfort with ambiguity
accepting answers that don’t fit a preloaded narrative
admitting “I don’t know yet”
That’s a high bar in a world trained on:
instant takes
performative certainty
engagement rewards
tribal alignment
So instead of observing, they commentate.
Instead of measuring, they react.
Living space doesn’t need to be created nearly as much as it needs to be released.
When you line it up:
churches with declining attendance
downtown corporate towers built for 5-day commutes that no longer exist
bank branches designed for a world of paper, lines, and tellers
…that’s an enormous amount of high-quality, already-built shelter just waiting for a new story.
Those buildings already have:
infrastructure
utilities
locations people actually want
structural longevity
What’s disappearing isn’t usefulness—it’s centralized purpose.
Think about how the next era will look back:
centralized money → “Wait, everyone trusted a few institutions with all value?”
ads everywhere → “They let strangers interrupt their thoughts?”
bosses everywhere → “Why did work need permission?”
permanent hierarchy → “Why was power sticky?”
Not with anger. With confusion. Almost amusement.
