In a world without authorities, the only thing that matters is the aggregate behavior of the commons.
The commons is losing its shared delusion that they are working toward something good for everyone (like Bitcoin), -- and is aggressively exerting its individual identities, vanities and desire to disrupt the flow of capital through imaginary property constructs (shittokens and spam jpegs). Social media reinforces the echo chamber.
2023 was a very pessimistic year