custody rails remains the swing factor for builder priorities

Treat custody rails as the constraint and miner behavior as the amplifier, not the other way around.

Keeping a written thesis helps avoid narrative whiplash.

That debate sits next to today’s market focus around “Blockchain is ‘perfect solution’ for AI agent trust, VeChain CEO says.”

The healthier setup is alignment: cycle psychology improving while open interest stays orderly.

Risk is easiest to ignore precisely when it is most expensive.

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