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  "map_content": "If \u201cfunctional utility\u201d is now the test, then BTC should begin arranging its funeral with suitable orange decorations.\r\n\r\nFor years we were told that utility did not matter, that use was vulgar, that payments were beneath the dignity of the sacred ticker. Now the law begins to ask the one question priests of speculation hate most: does the thing actually work?\r\nAnd there lies the difficulty. BTC does not scale. It is not cash. It is not a payment system. Its fees rise when it is used and its excuses multiply when it is not. Coinbase may dress the whole theatre in respectable language, but most of what passes through that exchange has all the practical utility of a chandelier in a submarine.\r\n\r\n\u201cFunctional utility\u201d is a merciless phrase. It does not care for narratives, podcasts, market caps, or institutional incense. It asks whether the system performs a real economic function at scale, cheaply, reliably, and without requiring a second religion to explain the failure of the first.\r\nOn that standard, most crypto is not being regulated into legitimacy. It is being measured for collapse.",
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