It feels like Bitcoin has finally crossed the Rubicon into the mainstream both a triumph and a tragedy.

Walking around the conference this year, you could easily mistake it for a fintech summit or SaaS expo in Vegas. Same blazers, same VC pitch decks, same awkward networking energy. The suitcoiners outnumber the cypherpunks by 100:1.

On one hand, this is what we fought for: global legitimacy, serious capital, institutional attention.

On the other, something’s been lost in translation. The raw edge, the revolutionary energy, the sense that we were building something against the system not polishing it up to sell it back to the system.

Bitcoin doesn’t feel quite as dangerous anymore.

It feels… professional. Predictable. “Respectable,” even.

Maybe that’s just the mask Bitcoin wears while it continues hollowing out the old world from within.

Either way, the vibe has shifted.