Bitcoin has no treasury, no foundation, no built-in developer funding model. Fiat filled the gap and the incentive structure followed.
When independent contributors disappear, we call it "burnout;" but what if that were a convenient label for a structural outcome?
This article from the "Fiat Incentives Everywhere" series doesn't retell what hodlonaut (nprofile…34mh) already covered in "The Capture" (which I recommend reading), it examines the incentive structure underneath it.
Full analysis and sources: https://daniella.io/bitcoin-development
daniella / Daniella ✨
npub1tm…ucu5x
2026-06-20 13:45:52 UTC
Author Public Key
npub1tmda3pwknv0sx55g8d0lhcehqqhf8jke6rd2st5fr0pgkhau9y0qyucu5xPublished at
2026-06-20 13:45:52 UTCEvent JSON
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"content": "Bitcoin has no treasury, no foundation, no built-in developer funding model. Fiat filled the gap and the incentive structure followed. \n\nWhen independent contributors disappear, we call it \"burnout;\" but what if that were a convenient label for a structural outcome? \n\nThis article from the \"Fiat Incentives Everywhere\" series doesn't retell what nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsqgxyn4f22uekv7ftnfhys52c0s5qgtajf7jkyhrdv7uvjhy82xk2z5pa34mh already covered in \"The Capture\" (which I recommend reading), it examines the incentive structure underneath it.\n\nFull analysis and sources: https://daniella.io/bitcoin-development\n",
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