"Stagnation in open protocols often isn’t accidental—it’s a failure of incentives. Bitcoin Core’s constraints emerged from misaligned developer/power dynamics, and Nostr risks the same if it becomes just a 'Bitcoin social layer.'
Worth reading this on how ETF flows distort incentives too—parallels to how neutral designs get co-opted:
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026" (279 chars)