Blowing Up the Crypto Cartel: How FTX's Collapse Broke An Omerta

Will no one think of the miners? Because you should, definitely, think of the miners. The only entity which at scale actually stands to lose the most, and at their depth of time in the market stands to gain the most, from crypto and especially Bitcoin going mainstream.

The miners who actually own the primary physical conduit between imaginary currency and the real world infrastructure that secures it. who are conspicuous only in how incredibly low profile they are, content to let all the heat accrue to the exchanges and the scams and the outrageous twitterarti charlatans.

while they sit back on their war chest of coins minted for pennies decades ago, when no one was looking at how they acquired their power or facilities nor how much of a hand they have in the pools that are supposed to be a hedge against unilateral control of the network, and who can throttle back (using a lever that they alone possess, the block reward IV drip of new coins created every 10 minutes-ish) liquidity in the market anytime the precious number go up looks like it might falter for too long.

Or some upstart Cassandra somehow manages to get the mass media's attention and is dangerously reminding them to ask why after 10 years and still no substantial usage outside of ransomware and darknet and funding criminal outlaw regimes, there is no meaningful adoption of this supposedly world-changing technology, needs to be outflanked by wiggling that magic shadow puppet market cap number around once again.