<oembed><type>rich</type><version>1.0</version><title>daniella wrote</title><author_name>daniella (npub1tm…ucu5x)</author_name><author_url>https://yabu.me/npub1tmda3pwknv0sx55g8d0lhcehqqhf8jke6rd2st5fr0pgkhau9y0qyucu5x</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>Bitcoin has no treasury, no foundation, no built-in developer funding model. Fiat filled the gap and the incentive structure followed. &#xA;&#xA;When independent contributors disappear, we call it &#34;burnout;&#34; but what if that were a convenient label for a structural outcome? &#xA;&#xA;This article from the &#34;Fiat Incentives Everywhere&#34; series doesn&#39;t retell what nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsqgxyn4f22uekv7ftnfhys52c0s5qgtajf7jkyhrdv7uvjhy82xk2z5pa34mh already covered in &#34;The Capture&#34; (which I recommend reading), it examines the incentive structure underneath it.&#xA;&#xA;Full analysis and sources: https://daniella.io/bitcoin-development&#xA;</html></oembed>