Hayek's famous quote on money can be modified and generalized: I don't believe we shall ever have a good [insert any produce or service that is demanded by the market] again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop. Applies to everything including law, security, technology, religion, education, health, finance, banking, money, food, housing, clothing, media, etc. If the government in your region has not sunk its claws into a particular domain listed above, be assured that it will. It is an ever-expanding corporation built not only on greed, but also on power. It is above the law that applies to everyone who is not in its favour. As long as governments exist, humanity faces an existential threat that is far beyond what it could face from anything else.

It's shocking how every industry follows similar patterns. Established firms form coalitions with regulators to create a moat for themselves, intentionally or unintentionally. Public opinion moulding begins. Laws start to extend beyond dealing with acts of aggression. This ultimately kills competition. The industry becomes cartelised. Costs go up. Prices go up. Quality comes down. 'The market' is blamed for 'failing'. And socialisation of the means of production is presented as the alternative which becomes more and more palatable to the public. It gets implemented and makes things worse. Everything gets worse for everybody except a select few who have learned how to play the game.

Scaling teams throwing shade at each other and poking holes in trust, privacy and security models of other projects Popular custodial wallets abandoning fully trusted models in favour of semi-trusted ones Treasury companies offloading sats into the market and reducing holdings Government bitcoin adoption and CBDC development continuing as empty promises, resolutions and announcements of announcements Two upcoming major forks and potential upcoming community/industry exit of many popular figures Money printing and government debt accumulation continuing as usual Bear market is well and truly back