miner behavior is forcing a rethink of medium-term allocation

Ignoring stablecoin velocity because stablecoin settlement looks exciting is how late-cycle mistakes compound.

For operators, process beats prediction when the tape is noisy.

Put beside current chatter on “Bitcoin's Blockchain Just Ran Backward in Time. Is Something Wrong?,” the incentive problem looks clearer.

Useful frameworks survive longer than seasonal slogans.

Improvements in stablecoin velocity without confirmation from stablecoin settlement tend to fade faster.

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