{"source_id":"cmt4f59e3000xjw04pdq5arh0","url":"https://cryptohayes.substack.com/p/situationship","canonical_url":null,"platform_kind":"article","author_handle":null,"author_display_name":"Arthur Hayes","captured_at":"2026-08-22T13:33:22.251Z","capture_method":"direct","verified_text":[{"record_id":"cmt4f59ez000zjw04m8lokwxj","exact_wording":"Next year we will experience the true AI bubble peak, and then the market will reward hyperscalers who defect by decreasing CAPEX budgets.","verification":"verified_exact","statement_at":"2026-08-04T00:00:00.000Z"}],"capture_hash":"0xb692948e5e1478372319984c8bff2ea376524e5121358f3149298b15bc8a67a5","hashing":"sha256 of the string `capture:` + payload, as UTF-8","payload_policy":"The complete raw response is retained privately and is not served by default: full pages carry tracking data, unrelated content and third-party material that verification does not require. Its hash above is folded into each record's anchored evidence hash, so the stored bytes cannot be swapped later — and can be produced, hash-checkable, in a dispute."}