The crypto industry is unraveling. We expose the broken incentives behind today’s crypto hype — and introduce a radically different approach to building real value on Bitcoin. From overpriced watches in Dubai, zero-revenue L2s raising millions, and retail once again left holding the bag. We break down the MOVE token collapse — a textbook case of insider market manipulation — and why it’s just the tip of the iceberg.

But there is another path $NAT — the first non-arbitrary token (NAT) on Bitcoin, built using the Digital Matter Theory (DMT) framework — a protocol built on Bitcoin that offers real sustainability, non-arbitrary value, and a way to reward miners without relying on extractive games. If you're tired of the noise and want to understand what building in Web3 should look like, this one's for you.

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265. TBR - How Crypto Became So Corrupt and Why DMT / $NAT Fixes This