custody rails is consolidating around retail participation: reading the Aussie Bitcoiners tape

The loudest story is not always the decisive one.

Put beside current chatter on “How Aussie Bitcoiners can avoid 2027’s shock CGT hike,” the incentive problem looks clearer.

Ignoring custody rails because miner behavior looks exciting is how late-cycle mistakes compound.

Historically, stretches where validator economics leads without support from market makers invite sharper reversals.

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