The content emphasizes that there has been a fundamental shift in the Bitcoin ecosystem. The author believes that faith in the core value proposition of Bitcoin, which is the ability to function in a hostile environment despite political antagonism, has almost completely evaporated. Instead, there is a focus on political favor, short-term financial gain, and neglecting the issues of mining centralization, scalability, and privacy. The author questions where things went wrong and expresses frustration with this current state of affairs.



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