perpetual futures quietly dominates builder priorities

Most blow-ups start as comfortable consensus.

Better questions beat louder opinions when regimes shift.

Put beside current chatter on “Core Fork Recovers 68.15 Million CORE After b14g Hack,” the incentive problem looks clearer.

Ignoring perpetual futures because treasury diversification looks exciting is how late-cycle mistakes compound.

Ignoring custody rails because miner behavior looks exciting is how late-cycle mistakes compound.

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