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Josiah's Substack · Jul 10, 2026

BITCOIN: A Centralized, Circular Financing Scheme Marketed as DeFi

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How Bitcoin has become an incredibly centralized store of 'value', and why its handful of insiders are racing to embed it so deeply into the U.S. Treasury market that it becomes too big to fail.

See it on josiahwaters.substack.com

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