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1. Embed this notice
   Gabriel (gabriel@mstdn.starnix.network)'s status on Wednesday, 01-Jul-2026 04:13:05 JST Gabriel

   BTC broke below 60K USD.
   This is literally the end of cryptocurrency forever.
   It was fun while it lasted I guess 🤷

   • Embed this notice
     silverpill (silverpill@mitra.social)'s status on Wednesday, 01-Jul-2026 04:13:03 JST silverpill

     in reply to

     @gabriel

     >Who is a diehard BTC fan in 2026?

     The entirety of Nostr 😆

     >that this was probably the last "hype cycle".

     I disagreed with that, and I still don't think that it was the last hype cycle. Grey/black markets, tax evasion, sanction evasion - none of this is going to disappear.

   • Embed this notice
     Gabriel (gabriel@mstdn.starnix.network)'s status on Wednesday, 01-Jul-2026 04:13:04 JST Gabriel

     in reply to

     Sarcasm aside I wish I had a link to it or could quote it but a while back I posted when it was hovering ~100K that this was probably the last "hype cycle".

     If you're just in it for the VC funding, AI has already eaten your lunch. If you're in it for the technology you've probably moved on to more interesting things.

     Who is a diehard BTC fan in 2026? Are we down to Saylor and his cult members?

   • Embed this notice
     silverpill (silverpill@mitra.social)'s status on Wednesday, 01-Jul-2026 21:23:28 JST silverpill

     in reply to

     @gabriel

     >Monero

     It is better, but much harder to obtain due to bans / delistings. Bitcoin is a bridge between fiat and Monero (also stablecoins, but they are too centralized).

   • Embed this notice
     Gabriel (gabriel@mstdn.starnix.network)'s status on Wednesday, 01-Jul-2026 21:23:29 JST Gabriel

     in reply to

     • silverpill

     @silverpill

     Grey/black markets, tax evasion, sanction evasion - none of this is going to disappear.

     Isn't Monero (and other mechanisms) objectively better for all those things though?

     But that's somewhat part of my calculus there. I think Bitcoin's cycles were entirely driven in a top-down way and that the entire financial side of the space was manipulated. I assume it began for political reasons and will end for political reasons as well.

     For example some people believe cryptocurrency as a whole was a psyop to distract people from owning PMs and/or normalize digital currenecy. I don't fully buy into either thesis but don't fully dismiss them either.

     What little I do understand leads me to believe that whatever the machinations are, they're much more convoluted than just "Bitcoin was made for X"