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“The bedrock of Bitcoin in New York is definitely BitDevs,” explains Pacchia. “BitDevs kept the focus on Bitcoin, which was really important, because in 2016 [through] 2018, there was a lot of money flowing into Ethereum. Consensys [hosted] lots of mixers. There was crypto Mondays and Ripple stuff and Cardano stuff, and there was lots of money being thrown around by VCs to have events. It’s easy for people to get distracted by shiny objects, and Bitcoin didn’t really have a shine to it.”
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