@ c11cf5f8:4928464d

This post may sound like a rant, hope not! Just want you to take a minute and think about our shameless collective behaviors.

In the past few weeks have been framing a simple idea, proposed to @AGORA for adding a V4V tag to be used in the ~AGORA marketplace here on SN. A new way to incentivize this Value 4 Value thing that many keep talking about, and just few actually have the bullish balls to adopts and embrace at 360 degrees. Oh yep, that's cool, it has been implemented in Podcasting 2.0, Nice! So we don't need to think about it anymore, the platform takes care, we trust the Fountain... The worse is that this approach has been taken like an invitation for people to create contentless podcasts, AI music is booming... Why? Because they know is profitable and effortless (kind of...) but if you are lucky with your phone camera repeatedly streaming on YT, you can maybe be able to entertain enough fans and start to be paid for it. Our values are misleading us, we don't do stuff because we aim to create some kind valuable, we do it mostly because it is easily profitable.

But what about adopting it in our daily life? Making it a way to live by, instead just a platform implementation? How we can change the currently widespread disease of fiat mentality? How can we find ways to create a circular economy that has its fundamentals on other values? Does need profit always be in the first place or can we define value in non-monetary terms? Does this hourly rate really reflect the value you provide? Can we really place a value in the seconds of this precious lifespan we have? Time is money? Money is Time? really?

Would we live one day in a word where there is so much abundance that it will be meaningless to associate numbers with stuff we do? A time when resources will be equally available to all, energy endlessly provided following Tesla standards—Nikola Tesla, not Elon's Tesla—like the air we are now breading? Are we ready to drop and unlearn all the behaviors we have been indoctrinated with since birth, with something that can benefit the entire world population instead of just ourselves or the few around us?

These are the questions that have been bothering me since a long time. I'd like some responses. It's this Value for Value thing, then, just a new fancy word to define voluntarism? A way to give without expecting nothing back? a bunch of people, ones can profit from? Or is Value4Value just a marketing strategy to access bitcoiners and nostriches zaps? Because that what it looks to me when most of us approach this idea. Let's join nostr, people give you zaps... Come to SN, you can earn sats! 💡sats=money, fiat money, I can pay bills with... sure lets' do it! If someone can gimme gimme money just for a comment and GMs... obviously I'll do it and spam everyone in the network with dummy, unfollowed unread two-letters acronym and get my daily satstash to grow. What about quality content? What about creating and spreading Value?

Honor

Trust

Credibility

Faith

Morality

Compassion

Would be a one simple, beautiful and bright smile enough to compensate all the efforts you invested for years or decades in that alpha, even if it is not yet profitable? Do we really need to go into the NGO compliance hell of asking permission, registering with the local gov to be let alone and do what we love, allowing surveillance and eyesight from entities we don't really care, but we do because is the way that allow us to do what we love), is the way we know.

Buddhism have been embracing something similar for long time, has been thought for millennia uninterruptedly. We still ignoring it, at least in the west. Defined as karma as a unit of measurement to define the good and the bad seeds one accumulate along the multi-life journey. Does karma need to be count? Who keeps the karmaccounting books in order? Only you can, but when your values are misaligned with the community and centered in your selfish ego, then you are probably keeping the books in dis-order then. So, how one can evaluate if we are doing right or wrong... considering there's no right or wrong, how one then can know if what has been done, what is doing and what will be done as consequence of today decision will be aligned with good values? What are good values?

Natural Law provides us an inalienable framework where objective moral truths, rooted in human nature and discerned through reason, guide ethical behavior and honest governance. It defines simple values anyone already knows and rules that we take so granted, that we ignore. Or maybe we just don't think about them when acting, privately and publicly.

These few simple value and rules, that if considered when taking action ensure us good outcomes will be, not guaranteed, but at least scheduled to be delivered. We just don't know when thought, can be in this life or in another one... who knows!

https://stacker.news/items/986449

@ 7459d333:f207289b

CC: Martti Malmi

https://stacker.news/items/986445

@ dfa02707:41ca50e3

Good morning (good night?)! The No Bullshit Bitcoin news feed is now available on Moody's Dashboard! A huge shoutout to sir Clark Moody for integrating our feed.

Headlines

• Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.

• The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
• Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
• Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.

• The Bank for International Settlements (BIS) wants to contain 'crypto' risks. A report titled "Cryptocurrencies and Decentralised Finance: Functions and Financial Stability Implications" calls for expanding research into "how new forms of central bank money, capital controls, and taxation policies can counter the risks of widespread crypto adoption while still fostering technological innovation."
• "Global Implications of Scam Centres, Underground Banking, and Illicit Online Marketplaces in Southeast Asia." According to the United Nations Office on Drugs and Crime (UNODC) report, criminal organizations from East and Southeast Asia are swiftly extending their global reach. These groups are moving beyond traditional scams and trafficking, creating sophisticated online networks that include unlicensed cryptocurrency exchanges, encrypted communication platforms, and stablecoins, fueling a massive fraud economy on an industrial scale.
• Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
• Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.

"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.

• Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.

Use the tools

• Bitcoin Safe v1.2.3 expands QR SignMessage compatibility for all QR-UR-compatible hardware signers (SpecterDIY, KeyStone, Passport, Jade; already supported COLDCARD Q). It also adds the ability to import wallets via QR, ensuring compatibility with Keystone's latest firmware (2.0.6), alongside other improvements.
• Minibits v0.2.2-beta, an ecash wallet for Android devices, packages many changes to align the project with the planned iOS app release. New features and improvements include the ability to lock ecash to a receiver's pubkey, faster confirmations of ecash minting and payments thanks to WebSockets, UI-related fixes, and more.
• Zeus v0.11.0-alpha1 introduces Cashu wallets tied to embedded LND wallets. Navigate to Settings > Ecash to enable it. Other wallet types can still sweep funds from Cashu tokens. Zeus Pay now supports Cashu address types in Zaplocker, Cashu, and NWC modes.
• LNDg v1.10.0, an advanced web interface designed for analyzing Lightning Network Daemon (LND) data and automating node management tasks, introduces performance improvements, adds a new metrics page for unprofitable and stuck channels, and displays warnings for batch openings. The Profit and Loss Chart has been updated to include on-chain costs. Advanced settings have been added for users who would like their channel database size to be read remotely (the default remains local). Additionally, the AutoFees tool now uses aggregated pubkey metrics for multiple channels with the same peer.
• Nunchuk Desktop v1.9.45 release brings the latest bug fixes and improvements.
• Blockstream Green iOS v4.1.8 has renamed L-BTC to LBTC, and improves translations of notifications, login time, and background payments.
• Blockstream Green Android v4.1.8 has added language preference in App Settings and enables an Android data backup option for disaster recovery. Additionally, it fixes issues with Jade entry point PIN timeout and Trezor passphrase input.
• Torq v2.2.2, an advanced Lightning node management software designed to handle large nodes with over 1000 channels, fixes bugs that caused channel balance to not be updated in some cases and channel "peer total local balance" not getting updated.
• Stack Wallet v2.1.12, a multicoin wallet by Cypher Stack, fixes an issue with Xelis introduced in the latest release for Windows.
• ESP-Miner-NerdQAxePlus v1.0.29.1, a forked version from the NerdAxe miner that was modified for use on the NerdQAxe+, is now available.
• Zark enables sending sats to an npub using Bark.

• Erk is a novel variation of the Ark protocol that completely removes the need for user interactivity in rounds, addressing one of Ark's key limitations: the requirement for users to come online before their VTXOs expire.
• Aegis v0.1.1 is now available. It is a Nostr event signer app for iOS devices.
• Nostash is a NIP-07 Nostr signing extension for Safari. It is a fork of Nostore and is maintained by Terry Yiu. Available on iOS TestFlight.
• Amber v3.2.8, a Nostr event signer for Android, delivers the latest fixes and improvements.
• Nostur v1.20.0, a Nostr client for iOS, adds

@ 2b24a1fa:17750f64

Es ist pure Freiheit, Geschwindigkeit durch die eigene Kraft oder Bergab-Beschleunigung zu spüren. Kein störendes Motorengeräusch, das auch noch das ökologische Gewissen aufruft. Einfach nur Sein, an der Luft, im Wind. Wenn da doch nur … keine Ampel wäre.

Hören Sie den Beitrag „Ja oder ja – Begegnung mit der Staatsmacht, von Isa Mitza.

https://soundcloud.com/radiomuenchen/ja-oder-ja-begegnung-mit-der-staatsmacht-von-isa-mitza?

@ 9ca447d2:fbf5a36d

Gen Z (those born between 1997 and 2012) are not rushing to stack sats, and Oliver Porter, Founder & CEO of Jippi, understands the challenge better than most. His strategy revolves around adapting Bitcoin education to fit seamlessly into the digital lives of young adults.

“We need to meet them where they are,” Oliver explains. “90% of Gen Z plays games. 70% expect to earn rewards.”

So, what will effectively introduce them to Bitcoin? In Oliver’s mind, the answer is simple: games that don’t feel preachy but still plant the orange pill.

Learn more at Jippi.app

That’s exactly what Jippi is. Based in Austin, Texas, the team has created a mobile augmented reality (AR) game that rewards players in bitcoin and sneakily teaches them why sound money matters.

“It’s Pokémon GO… but for sats,” Oliver puts it succinctly.

Jippi is like Pokemon Go, but for sats

Oliver’s Bitcoin journey, like many in the space, began long before he was ready. A former colleague had tried planting the seed years earlier, handing him a copy of The Bitcoin Standard. But the moment passed.

It wasn’t until the chaos of 2020 when lockdowns hit, printing presses roared, and civil liberties shrank that the message finally landed for him.

“The government got so good at doing reverse Robin Hood,” Oliver explains. “They steal from the working population and reward the rich.”

By 2020, though, the absurdity of the covid hysteria had caused his eyes to be opened and the orange light seemed the best path back to freedom.

He left the UK for Austin “one of the best places for Bitcoiners,” he says, and dove headfirst into the industry, working at Swan for a year before founding Jippi on PlebLab’s accelerator program.

Jippi’s flagship game lets players roam their cities hunting digital creatures, Bitcoin Beasts, tied to real-world locations. Catching them requires answering Bitcoin trivia, and the reward is sats.

No jargon. No hour-long lectures. Just gameplay with sound money principles woven right in.

The model is working. At a recent hackathon in Austin, Jippi beat out 14 other teams to win first place and $15,000 in prize money.

Oliver of Jippi won Top Builder Season 2 — PlebLab on X

“We’re backdooring Bitcoin education,” Oliver admits. “And while we’re at it, encouraging people to get outside and touch grass.”

Not everyone’s been thrilled. When Jippi team members visited one of the more liberal-leaning places in Texas, UT Austin, to test interest in Bitcoin, they found some seriously committed no-coiners on the campus.

“One young woman told me, ‘I would rather die than talk about Bitcoin,'” Oliver recalls, highlighting the cultural resistance that’s built up among younger demographics.

This resistance is backed by hard data. According to Oliver, some of the Bitcoin podcasters they met with in the space to do market research reported that less than 1% of their listeners are from Gen Z and that number is dropping.

“Unless we find a way to capture their interest in a meaningful way, there’s going to be a big problem around trying to sway Gen Z away from the siren call of s***coins and crypto casinos and towards Bitcoin,” Oliver warns.

Jippi’s next big move is Las Vegas, where they’ll launch the Beast Catch experience at the Venetian during a major Bitcoin event. To mark the occasion, they’re opening up six limited sponsorship spots for Bitcoin companies, each one tied to a custom in-game beast.

Jippi looks to launch a special event at Bitcoin 2025

“It’s real estate inside the game,” Oliver explains. “Brands become allies, not intrusions. You get a logo, company name, and call to action, so we can push people to your site or app.”

Bitcoin Well—an automatic self-custody Bitcoin platform—has claimed Beast #1. Only five exclusive spots remain for Bitcoin companies to “beastify their brand” through Jippi’s immersive AR game.

“I love the Jippi mission. I think gamified learning is how we will onboard the next generation and it’s exciting to see what the Jippi team is doing! I love working with bitcoiners towards our common mission – bullish!” said Adam O’Brien, Bitcoin Well CEO.

Jippi’s sponsorship model is simple: align incentives, respect users, and support builders. Instead of throwing ad money at tech giants, Bitcoin companies can connect with new users naturally while they’re having fun and earning sats in the process.

For Bitcoin companies looking to reach a younger demographic, this represents a unique opportunity to showcase their brand to up to 30,000 potential customers at the Vegas event.

Jippi Bitcoin Beast partnership

While Jippi’s current focus is simple, get the game into more cities, Oliver sees a future where AR glasses and AI help personalize Bitcoin education even further.

“The magic is going to really happen when Apple releases the glasses form factor,” he says, describing how augmented reality could enhance real-world connections rather than isolate users.

In the longer term, Jippi aims to evolve from a free-to-play model toward a pay-to-play version with higher stakes. Users would form “tribes” with friends to compete for substantial bitcoin prizes, creating social connections along with financial education.

Unlike VC-backed startups, Jippi is raising funds pleb style via Timestamp, an open investment platform for Bitcoin companies.

“You don’t have to be an accredited investor,” Oliver explains. “You’re directly supporting the parallel Bitcoin economy by investing in Bitcoin companies for equity.”

Anyone can invest as little as $100. Perks include early access, exclusive game content, and even creating your own beast design with your name/pseudonym and unique game lore. Each investment comes with direct ownership of an early-stage Bitcoin company like Jippi.

For Oliver, this is more than just a business. It’s about future-proofing Bitcoin adoption and ensuring Satoshi’s vision lives on, especially as many people are lured by altcoins, NFTs, and social media dopamine.

“We’re on the right side of history,” he says firmly. “I want my grandkids to know that early on in the Bitcoin revolution, games like Jippi helped make it stick.”

In a world increasingly absorbed by screens and short attention spans, Jippi’s combination of outdoor play, sats rewards, and Bitcoin education might be exactly the bridge Gen Z needs.

Interested in sponsoring a Beast or investing in Jippi? Reach out to Jippi directly by heading to their partnerships page on their website or visit their Timestamp page to invest in Jippi today.

@ 9ca447d2:fbf5a36d

Tokyo-listed investment firm Metaplanet has officially surpassed El Salvador in bitcoin holdings after its biggest-ever single purchase of the scarce digital asset.

On May 12, 2025, the company announced it had bought 1,241 Bitcoin (BTC) for approximately $123.8 million, or ¥18.4 billion. The average price per coin was about $102,111, marking the firm’s largest purchase to date.

This latest buy brings Metaplanet’s total bitcoin reserves to 6,796 BTC, worth over $700 million.

Metaplanet on X

That puts Metaplanet ahead of El Salvador, the Central American nation that made headlines in 2021 for adopting bitcoin as legal tender. According to its National Bitcoin Office, El Salvador currently holds 6,174 BTC, worth roughly $642 million.

El Salvador bitcoin holdings — bitcoin.gob.sv

“Metaplanet now holds more bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started,” said CEO Simon Gerovich on X after the company’s announcement.

The Japanese investment company started its bitcoin treasury strategy in April 2024 and has become the largest corporate holder of bitcoin in Asia and 11th globally. It aims to hold 10,000 BTC by the end of 2025.

Metaplanet is now the 11th largest corporate holder of bitcoin — BitcoinTreasuries

To fund these purchases, the firm has turned to bond issuances, including zero-percent bonds. In early May, Metaplanet issued $25 million worth of 0% bonds under its EVO FUND program to finance bitcoin buys without diluting shares or taking on traditional debt.

And Metaplanet’s strategy seems to be working. Its BTC Yield — a proprietary metric that measures bitcoin accumulation per share — is 38% for Q2 2025 so far. In previous quarters, the firm reported 95.6% in Q1 and a whopping 309.8% in Q4 2024.

The stock price has also gone up 1,800% since May 2024 and 51% in 2025 alone, currently trading above 550 JPY.

Metaplanet is often called “Japan’s MicroStrategy”, a reference to the U.S.-based company Strategy (formerly MicroStrategy) led by Bitcoin advocate Michael Saylor. Strategy is the world’s largest corporate bitcoin holder with over 568,840 BTC in its coffers, worth more than $58 billion.

Like Strategy, Metaplanet is using creative financing tools such as convertible bonds and non-dilutive bond issuance to build a big bitcoin treasury. These financial instruments give the company the ability to fund further bitcoin purchases without diluting shareholders’ value.

Metaplanet is buying bitcoin very rapidly. This has become a trend in the corporate world, where private companies are challenging nation-states in the digital asset space.

Unlike governments which face regulatory and political hurdles, corporations like Metaplanet can move quickly and decisively. Since 2020 over 80 publicly traded companies have collectively bought more than 632,000 BTC worth over $65 billion.

This is a fundamental shift in how companies manage their treasuries — moving away from cash or bonds and towards the digital scarcity that bitcoin presents.

This creates a new form of financial power where corporations can hold a significant portion of a finite asset, unlike fiat currencies which governments can print to infinity.

@ 21335073:a244b1ad

The other day, I had the privilege of sitting down with one of my favorite living artists. Our conversation was so captivating that I felt compelled to share it. I’m leaving his name out for privacy.

Since our last meeting, I’d watched a documentary about his life, one he’d helped create. I told him how much I admired his openness in it. There’s something strange about knowing intimate details of someone’s life when they know so little about yours—it’s almost like I knew him too well for the kind of relationship we have.

He paused, then said quietly, with a shy grin, that watching the documentary made him realize how “odd and eccentric” he is. I laughed and told him he’s probably the sanest person I know. Because he’s lived fully, chasing love, passion, and purpose with hardly any regrets. He’s truly lived.

Today, I turn 44, and I’ll admit I’m a bit eccentric myself. I think I came into the world this way. I’ve made mistakes along the way, but I carry few regrets. Every misstep taught me something. And as I age, I’m not interested in blending in with the world—I’ll probably just lean further into my own brand of “weird.” I want to live life to the brim. The older I get, the more I see that the “normal” folks often seem less grounded than the eccentric artists who dare to live boldly. Life’s too short to just exist, actually live.

I’m not saying to be strange just for the sake of it. But I’ve seen what the crowd celebrates, and I’m not impressed. Forge your own path, even if it feels lonely or unpopular at times.

It’s easy to scroll through the news and feel discouraged. But actually, this is one of the most incredible times to be alive! I wake up every day grateful to be here, now. The future is bursting with possibility—I can feel it.

So, to my fellow weirdos on nostr: stay bold. Keep dreaming, keep pushing, no matter what’s trending. Stay wild enough to believe in a free internet for all. Freedom is radical—hold it tight. Live with the soul of an artist and the grit of a fighter. Thanks for inspiring me and so many others to keep hoping. Thank you all for making the last year of my life so special.

@ 9ca447d2:fbf5a36d

American Bitcoin, a bitcoin mining company backed by President Donald Trump’s sons, is going public in a new merger deal with Gryphon Digital Mining. Investors and political observers are taking notice as it presents a mixture of Bitcoin, Wall Street and the Trump brand.

This reverse merger allows for American Bitcoin Corporation to become a publicly traded company. This will happen through a stock-for-stock merger with Gryphon Digital Mining, a small-cap bitcoin miner already listed on the Nasdaq.

Once the deal is done, the new company will be called American Bitcoin and will trade on the Nasdaq under the ticker symbol ABTC. The merger is expected to close in the 3rd quarter of 2025.

Eric Trump, who will be the Co-Founder and the Chief Strategy Officer, said:

“Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market.”

The Trump family’s involvement has gotten a lot of attention. Eric Trump and Donald Trump Jr. launched American Bitcoin in March this year with digital asset infrastructure company Hut 8, which owns 80% of American Bitcoin.

American Bitcoin leadership team — Hut 8 presentation

After the merger, American Bitcoin shareholders — including the Trump brothers and Hut 8 — will own about 98% of the new company. Gryphon shareholders will own 2% even though Gryphon is the public company facilitating the merger.

Instead of an IPO (Initial Public Offering), American Bitcoin is going public through what’s called a reverse merger. This means it will take over Gryphon’s public listing.

This is often faster and simpler than a traditional IPO. It allows American Bitcoin to access public capital markets while maintaining operational and strategic control.

Hut 8 CEO Asher Genoot said the merger is a big step forward for the company. “By taking American Bitcoin public, we expect to unlock direct access to dedicated growth capital independent of Hut 8’s balance sheet,” Genoot said.

The announcement sent Gryphon’s stock soaring. Shares rose over 280% and Hut 8’s stock went up over 11%. Clearly investors are interested in bitcoin-focused public companies when the asset itself is close to its previous all-time high.

But not everyone is buying. Some investors and analysts are questioning what Gryphon is actually bringing to the table. Gryphon won’t have a seat on the board or any representation in the new management team. Their role seems to be just to provide the public listing.

Many questions remain unanswered because there are no details on mining operations and what Gryphon’s role is beyond the merger.

American Bitcoin’s goal goes far beyond just mining bitcoin. It wants to become a national bitcoin reserve builder and a major player in that space by storing large amounts of bitcoin as a strategic asset.

The company plans to take “capital-light” advantage of Hut 8’s existing infrastructure, so there won’t be any need to build massive new data centers. Hut 8 already manages over 1,000 megawatts of energy capacity, and apparently, they will handle all the mining operations.

This is happening at a tough time for the mining industry in the U.S. and globally.

Profit margins are shrinking, and companies are really feeling the pinch of high operational costs. Hut 8 just reported a 58% drop in revenue and a $134 million net loss for the first quarter of 2025.

@ 9ca447d2:fbf5a36d

Bitcoin-focused investment firm Twenty One Capital has made headlines after buying 4,812 BTC worth $458.7 million, making it the third-largest corporate holder of the scarce digital asset.

The move is a big and public one towards becoming the “ultimate Bitcoin investment vehicle” according to its leadership, and is turning heads in both bitcoin and tradfi world.

Tether, the issuer of the world’s largest stablecoin, bought the bitcoin on behalf of Twenty One Capital.

According to a filing with the U.S. Securities and Exchange Commission (SEC) on May 13, Tether acquired the bitcoin on May 9 at an average price of $95,319 per coin.

Twenty One Capital was launched in April 2025 through a SPAC merger with Cantor Equity Partners, a Cayman Islands-based firm affiliated with Wall Street giant Cantor Fitzgerald. The company is backed by Tether, Bitfinex exchange and Japanese investment giant SoftBank.

Related: Cantor Fitzgerald, Tether and SoftBank Launch $3B Bitcoin Venture

The firm is led by Jack Mallers, founder of the bitcoin payments app Strike, who has been vocal about bitcoin business models.

“We want to be the ultimate vehicle for the capital markets to participate in Bitcoin… building on top of Bitcoin,” said Mallers in an interview. “So we are a Bitcoin business at our core.”

At launch, Twenty One Capital had 31,500 bitcoin on the balance sheet with plans to get to at least 42,000 BTC.

The breakdown of that initial allocation was 23,950 BTC from Tether, 10,500 BTC from SoftBank and about 7,000 BTC from Bitfinex—all to be converted into equity at $10 per share.

The company is openly modeling its strategy after what Bitcoiners call “Saylorization”—a term coined after Michael Saylor, executive chairman of Strategy, who started large-scale bitcoin accumulation by corporations in 2020.

“Twenty One Capital isn’t just stacking sats,” said Bitcoin advocate Max Keiser, “It’s leading a generational shift in corporate capital allocation … Jack Mallers is taking the Saylor playbook and turning it into an arms race.”

The strategy is simple: use bitcoin per share as a metric instead of earnings per share, prioritize bitcoin accumulation over short-term profits, and use the capital markets to fund purchases. Mallers said:

“We do intend to raise as much capital as we possibly can to acquire bitcoin. We will never have bitcoin per share negative… Our intent is to make sure when you are a shareholder of Twenty One that you are getting wealthier in Bitcoin terms.”

The bitcoin purchase was made at a time of growing market momentum.

On May 14, bitcoin hit $105,000 briefly before settling at around $104,000—a 7.5% gain in the past week. Retail buying has also picked up, with purchases under $10,000 up 3.4% over two weeks, suggesting continued bullishness.

@ 9ca447d2:fbf5a36d

KYC database of Coinbase, the largest U.S. digital asset exchange, has been breached and up to 1% of monthly active users, or around 100,000 customers, have had their personal info stolen.

Hackers reportedly bribed overseas customer support agents and contractors to leak internal company info and user data. They then demanded $20 million and threatened to release the stolen data if Coinbase didn’t pay.

Instead of paying the ransom, Coinbase said no and is setting up a $20 million reward fund for anyone who can help catch the hackers.

“They then tried to extort Coinbase for $20 million to cover this up. We said no,” the company said in a blog post. “Instead of paying the $20 million ransom, we’re establishing a $20 million reward fund.”

So what’s been stolen? The breach, which was first disclosed in a filing with the U.S. Securities and Exchange Commission (SEC), did not involve any theft of customer funds, login credentials, private keys or wallets.

But the hackers did get:

• Full names
• Addresses
• Phone numbers
• Email addresses
• Last 4 digits of Social Security numbers
• Bank account numbers and some bank identifiers
• Government ID images (driver’s licenses, passports, etc.)
• Account balances and transaction history
• Internal corporate documents and training materials

Coinbase says Prime accounts were not affected and no passwords or 2FA codes were stolen.

According to Coinbase, the attackers targeted outsourced support agents in countries like India. They were offering cash bribes in exchange for access to the company’s internal customer support tools.

“What these attackers were doing was finding Coinbase employees and contractors based in India who were associated with our business process outsourcing or support operations, that kind of thing, and bribing them in order to obtain customer data,” said Philip Martin, Coinbase’s Chief Security Officer.

Coinbase said it first saw suspicious activity in January 2025 but didn’t get a direct email from the threat actors until May 11. The email had evidence of stolen data and the ransom demand.

Coinbase quickly launched an investigation, fired all the involved support agents and notified law enforcement. It also started notifying users via email on May 15.

The Coinbase data breach has hit it hard, financially and publicly. The company estimates it will spend $180-$400 million on security upgrades, reimbursements and other remediation.

Coinbase’s stock also took a hit, dropping 6.4% after the news broke, before rebounding.

Analysts say this couldn’t have come at a worse time, as Coinbase is about to be added to the S&P 500 index – a big deal for any publicly traded company.

It’s definitely an unfortunate timing. “This may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, analyst at U.S. Tiger Securities.

Coinbase will reimburse any customers who were tricked into sending their digital assets to the attackers as part of social engineering scams. They’ve also introduced new security measures:

• Extra ID verification for high-risk withdrawals
• Scam-awareness prompts
• A new U.S.-based support center
• Stronger insider threat monitoring
• Simulation testing for internal systems

Affected customers have already been notified and the exchange is working with U.S. and international law enforcement to track down the attackers.

This is part of a larger trend in the digital assets world. Earlier this year, Bybit, another exchange, was hit with a $1.5 billion theft, dubbed the biggest digital asset heist in history.

Research from Chainalysis shows over $2.2 billion was stolen from digital asset platforms in 2024 alone.

@ 57d1a264:69f1fee1

You’ve probably seen it before.

You open an agency’s website or a freelancer’s portfolio. At the very top of the homepage, it says:

We design for startups.

You wait 3 seconds. The last word fades out and a new one fades in:

We design for agencies.

Wait 3 more seconds:

We design for founders.

I call this design pattern The Wheel of Nothing: a rotating list of audience segments meant to impress through inclusion and draw attention through motion… for absolutely no reason.

Revered brand studio Pentagram recently launched a new website. To my surprise, the homepage features the Wheel of Nothing front and center, boldly claiming:

We design Everything for Everyone…before cycling through more specific combinations every few seconds.

Dan Mall, a husband, dad, teacher, creative director, designer, founder, and entrepreneur from Philly. I share as much as I can to create better opportunities for those who wouldn’t have them otherwise. Most recently, I ran design system consultancy SuperFriendly for over a decade.

Read more at Dans' website https://danmall.com/posts/the-wheel-of-nothing/

https://stacker.news/items/986392

@ 51bbb15e:b77a2290

Yeah, I’m sure everything in the file is legit. 👍 Let’s review the guard witness testimony…Oh wait, they weren’t at their posts despite 24/7 survellience instructions after another Epstein “suicide” attempt two weeks earlier. Well, at least the video of the suicide is in the file? Oh wait, a techical glitch. Damn those coincidences!

At this point, the Trump administration has zero credibility with me on anything related to the Epstein case and his clients. I still suspect the administration is using the Epstein files as leverage to keep a lot of RINOs in line, whereas they’d be sabotaging his agenda at every turn otherwise. However, I just don’t believe in ends-justify-the-means thinking. It’s led almost all of DC to toss out every bit of the values they might once have had.

@ dfa02707:41ca50e3

News

• Wallet of Satoshi teases a comeback in the US market with a non-custodial product. According to an announcement on X, the widely popular custodial Lightning wallet is preparing to re-enter the United States market with a non-custodial wallet. It is unclear whether the product will be open-source, but the project has clarified that "there will be no KYC on any Wallet of Satoshi, ever!" Wallet of Satoshi ceased serving customers in the United States in November 2023.

• Vulnerability disclosure: Remote crash due to addr message spam in Bitcoin Core versions before v29. Bitcoin Core developer Antoine Poinsot disclosed an integer overflow bug that crashes a node if spammed with addr messages over an extended period. A fix was released on April 14, 2025, in Bitcoin Core v29.0. The issue is rated Low severity.
• Coinbase Know Your Customer (KYC) data leak. The U.S. Department of Justice, including its Criminal Division in Washington, is investigating a cyberattack on Coinbase. The incident involved cybercriminals attempting to extort $20 million from Coinbase to prevent stolen customer data from being leaked online. Although the data breach affected less than 1% of the exchange's users, Coinbase now faces at least six lawsuits following the revelation that some customer support agents were bribed as part of the extortion scheme.
• Fold has launched Bitcoin Gift Cards, enabling users to purchase bitcoin for personal use or as gifts, redeemable via the Fold app. These cards are currently available on Fold’s website and are planned to expand to major retailers nationwide later this year.

"Our mission is to make bitcoin simple and approachable for everyone. The Bitcoin Gift Card brings bitcoin to millions of Americans in a familiar way. Available at the places people already shop, the Bitcoin Gift Card is the best way to gift bitcoin to others," said Will Reeves, Chairman and CEO of Fold.

• Corporate treasuries hold nearly 1.1 million BTC, representing about 5.5% of the total circulating supply (1,082,164 BTC), per BitcoinTreasuries.net data. Recent purchases include Strategy adding 7,390 BTC (total: 576,230 BTC), Metplanet acquiring 1,004 BTC (total: 7,800 BTC), Tether holding over 100,521 BTC, and XXI Capital, led by Jack Mallers, starting with 31,500 BTC.
  • Meanwhile, a group of investors has filed a class action lawsuit against Strategy and its executive Michael Saylor. The lawsuit alleges that Strategy made overly optimistic projections using fair value accounting under new FASB rules while downplaying potential losses.
• The U.S. Senate voted to advance the GENIUS stablecoin bill for further debate before a final vote to pass it. Meanwhile, the House is crafting its own stablecoin legislation to establish a regulatory framework for stablecoins and their issuers in the U.S, reports CoinDesk.
• French 'crypto' entrepreneurs get priority access to emergency police services. French Minister of the Interior, Bruno Retailleau, agreed on measures to enhance security for 'crypto' professionals during a meeting on Friday. This follows a failed kidnapping attempt on Tuesday targeting the family of a cryptocurrency exchange CEO, and two other kidnappings earlier this year.
• Brussels Court declares tracking-based ads illegal in EU. The Brussels Court of Appeal ruled tracking-based online ads illegal in the EU due to an inadequate consent model. Major tech firms like Microsoft, Amazon, Google, and X are affected by the decision, as their consent pop-ups fail to protect privacy in real-time bidding, writes The Record.
• Telegram shares data on 22,777 users in Q1 2025, a significant increase from the 5,826 users' data shared during the same period in 2024. This significant increase follows the arrest of CEO and founder Pavel Durov last year.
• An Australian judge has ruled that Bitcoin is money, potentially exempting it from capital gains tax in the country. If upheld on appeal, this interim decision could lead to taxpayer refunds worth up to $1 billion, per tax lawyer Adrian Cartland.

Use the tools

• Bitcoin Safe v1.3.0 a secure and user-friendly Bitcoin savings wallet for beginners and advanced users, introduces an interactive chart, Child Pays For Parent (CPFP) support, testnet4 compatibility, preconfigured testnet demo wallets, various bug fixes, and other improvements.
• BlueWallet v7.1.8 brings numerous bug fixes, dependency updates, and a new search feature for addresses and transactions.
• Aqua Wallet v0.3.0 is out, offering beta testing for the reloadable Dolphin card (in partnership with Visa) for spending bitcoin and Liquid BTC. It also includes a new Optical Character Recognition (OCR) text scanner to read text addresses like QR codes, colored numbers on addresses for better readability, a reduced minimum for spending and swapping Liquid Bitcoin to 100 sats, plus other fixes and enhancements.

Source: Aqua wallet.

• The latest firmware updates for COLDCARD Mk4 v5.4.3 and Q v1.3.3 are now available, featuring the latest enhancements and bug fixes.
• Nunchuk Android v1.9.68.1 and iOS v1.9.79 introduce support for custom blockchain explorers, wallet archiving, re-ordering wallets on the home screen via long-press, and an anti-fee sniping setting.
• BDK-cli v1.0.0, a CLI wallet library and REPL tool to demo and test the BDK library, now uses bdk_wallet 1.0.0 and integrates Kyoto, utilizing the Kyoto protocol for compact block filters. It sets SQLite as the default database and discontinues support for sled.
• publsp is a new command-line tool designed for Lightning node runners or Lightning Service Providers (LSPs) to advertise liquidity offers over Nostr.

"LSPs advertise liquidity as addressable Kind 39735 events. Clients just pull and evaluate all those structured events, then NIP-17 DM an LSP of their choice to coordinate a liquidity purchase," writes developer smallworlnd.

• Lightning Blinder by Super Testnet is a proof-of-concept privacy tool for the Lightning Network. It enables users to mislead Lightning Service Providers (LSPs) by making it appear as though one wallet is the sender or recipient, masking the original wallet. Explore and try it out here.

• Mempal v1.5.3, a Bitcoin mempool monitoring and notification app for Android, now includes a swipe-down feature to refresh the dashboard, a custom time option for widget auto-update frequency, and a

@ 9ca447d2:fbf5a36d

Donald Trump’s recent four-day visit took the President to Saudi Arabia, Qatar, and the United Arab Emirates. This visit has intertwined diplomatic relations with business interests, while simultaneously influencing the bitcoin market.

In Qatar, the President met with Emir Tanim bin Hamad Al Thani, resulting in over $243 billion in deals including major defense agreements, according to Bloomberg.

On May 15, the President made his visit to the Sheikh Zayed Grand Mosque in Abu Dhabi alongside Crown Prince Khaled bin Mohamed Al Nahyan. This occurs as the Trump family expands its business presence in the Middle East.

The Trump Organization is developing luxury properties across the region, including Trump Tower Dubai, real estate projects in Riyadh, and development in Jeddah and Oman.

Donald Trump and Mohammed bin Salman in King Khalid International Airport — NBCNews

Eric Trump publicly announced construction plans for Trump Tower Dubai just last month, highlighting the family’s ongoing commercial footprint in the region.

These business connections extend into the digital asset ecosystem as UAE-backed investment firm MGX recently announced it would use USD1, World Liberty Financial’s stablecoin to support a $2 billion investment in Binance, the world’s largest digital asset exchange, according to APNews.

This connection between Trump-aligned interests and major digital asset investments creates a potential avenue for market influence. 

Historically, stability in the Middle East, especially among oil-rich nations, reduces global market volatility. This encourages risk appetite among investors, often leading to increased allocations to digital assets like bitcoin.

Middle East diplomacy directly affects global oil prices. Stable oil prices can lower inflation expectations and lead to interest rate cuts by the Fed. Lower rates lead to an increase in liquidity, having positive effects on bitcoin, an asset that benefits from money printing.

Related: Fed Rate Cuts Could Lead to Major Price Swings for Bitcoin

On the investment front, Abu Dhabi’s Wealth Fund, Mubadala Investment Company, has been focused on increasing their shares in BlackRock’s iShares Bitcoin Trust (IBIT).

According to a 13F filing with the U.S. Securities and Exchange Commission, Mubdala held 8.7 million IBIT shares, totaling $408.5 million as of March 31, 2025. 

The Abu Dhabi Wealth Fund increased its shares by 500,000 since its last filing in December of 2024.

Back in March, the United States created a Strategic Bitcoin Reserve. The executive order states that the U.S. will not sell the bitcoin they already hold, and will create budget-neutral ways to increase their holdings.

The time has come where governments and wealth funds alike are jumping on board the Bitcoin train.

Trump’s recent visit to the Middle East illustrates how financial, diplomatic, and personal interests are becoming increasingly intertwined with Bitcoin and digital assets, serving as a new axis of influence in the U.S.-Middle East relations.

The combination of diplomatic progress and business expansion has heightened short-term volatility and trading volumes in the bitcoin market.

Trump’s business and digital asset ties in the region may further boost institutional interest and create an opportunity for more players to enter the market.

@ 9ca447d2:fbf5a36d

Bahrain-based Al Abraaj Restaurants Group has made history by becoming the first publicly-traded company in the Middle East to add bitcoin to its corporate treasury. This is a major step forward for regional bitcoin adoption.

On May 15, 2025, Al Abraaj Restaurants Group, a well-known restaurant chain listed on the Bahrain Bourse, announced it had bought 5 bitcoin (BTC) as part of a new treasury strategy. This makes the company the first in Bahrain, the GCC and the Middle East to officially hold bitcoin as a reserve asset.

Al Abraaj adds bitcoin to its treasury — Zawya

This is a growing trend globally where companies are treating bitcoin not just as an investment but as a long-term store of value. Major companies like Strategy, Tesla and Metaplanet have already done this — and now Al Abraaj is following suit.

Metaplanet recently added 1,241 BTC to its treasury, boosting the company’s holdings above El Salvador’s.

Related: Metaplanet Overtakes El Salvador in Bitcoin Holdings After $126M Purchase

“Our initiative towards becoming a Bitcoin Treasury Company reflects our forward-thinking approach and dedication to maximizing shareholder value,” said Abdulla Isa, Chairman of the Bitcoin Treasury Committee at Al Abraaj.

Al Abraaj’s move is largely inspired by Michael Saylor, Executive Chairman of Strategy, the world’s largest corporate holder of bitcoin. Saylor’s strategy of allocating billions to bitcoin has set a model that other companies — now including Al Abraaj — are following.

A photo shared by the company even showed a meeting between an Al Abraaj representative and Saylor, with the company calling itself the “MicroStrategy of the Middle East”.

“We believe that Bitcoin will play a pivotal role in the future of finance, and we are excited to be at the forefront of this transformation in the Kingdom of Bahrain,” Isa added.

To support its bitcoin initiative, Al Abraaj has partnered with 10X Capital, a New York-based investment firm that specializes in digital assets.

10X Capital has a strong track record in bitcoin treasury strategies, and recently advised Nakamoto Holdings on a $710 million deal — the largest of its kind.

With 10X’s help, Al Abraaj looks to raise more capital and increase its bitcoin holdings over time to maximize bitcoin-per-share for its investors. The company will also develop Sharia-compliant financial instruments so Islamic investors can get exposure to bitcoin in a halal way.

“Bahrain continues to be a leader in the Middle East in Bitcoin adoption,” said Hans Thomas, CEO of 10X Capital. He noted, with a combined GDP of $2.2 trillion and over $6 trillion in sovereign wealth, the GCC now has its first publicly listed bitcoin treasury company.

This is not just a first for Al Abraaj — it’s a first for the region. Bahrain has been positioning itself as a fintech hub and Al Abraaj’s move will encourage more non-fintech companies in the region to look into bitcoin.

The company said the decision was made after thorough due diligence and is in line with the regulations set by the Central Bank of Bahrain (CBB). Al Abraaj will be fully compliant with all digital asset transaction rules, including transparency, security and governance.

A special Bitcoin Committee has been formed to oversee the treasury strategy. It includes experienced bitcoin investors, financial experts and portfolio managers who will manage risk, monitor market conditions and ensure best practices in custody and disclosure.

The initial purchase was 5 BTC, but Al Abraaj sees this as just the beginning. The company stated that there are plans in motion to allocate a significant portion of their treasury into bitcoin over time.

According to the company’s reports, Al Abraaj is financially sound with $12.5 million in EBITDA in 2024. This strong financial foundation gives the company the confidence to explore new strategies like bitcoin investment.

@ e97aaffa:2ebd765d

Passou alguns dias, após as eleições legislativas, a cabeça está mais fria, é um bom momento para um rescaldo e para um pouco de futurologia. Esta análise vai ser limitada apenas aos grandes partidos.

Podemos resumir esta eleição, numa única palavra: Terramoto.

A AD ganhou, mas o grande destaque foi a queda do PS e a subida do Chega. Se a governação do país estava difícil, agora com este novo desenho da assembleia, será quase impossível, piorou bastante. Neste momento, ainda falta contabilizar os votos da emigração, mas o mais provável é o Chega ultrapassar o PS.

A queda do PS foi tremenda, ninguém esperava tal coisa, o partido está em estado de choque. O partido vai necessitar de tempo para estabilizar e para se reconstruir.

Devido a motivos constitucionais (6 meses antes e 6 meses depois da eleição do presidente da República) só poderá existir eleições no final do próximo ano, isso garante que o novo governo da AD vai estar no poder pelo menos um ano. Isso vai obrigar a aprovação do próximo orçamento de estado, como o PS necessita de tirar os holofotes sobre si, vai facilitar o governo. Provavelmente vai existir um acordo de cavalheiro, um pacto de não agressão entre o governo e o PS, o PS vai se abster na votação do orçamento de estado e a governo não fará mudanças na constituição sem o consentimento do PS e também não mudará leis ou políticas que sejam contra os princípios básicos do partido socialista. Em suma, não haverá grandes reformas, será um governo de gestão com ligeiramente mais poderes.

Não será um governo de bloco central, nem um governo da AD com apoio PS, será apenas um governo da AD com uma falsa oposição do PS. Um governo de bloco central, é uma bomba nuclear, ainda seria demasiado cedo para utilizá-la.

O Partido Socialista sabe que, para ter algumas hipóteses de vencer a próxima eleição, necessita de estar bem e o governo da AD tem que demonstrar algum desgaste, uma queda na popularidade. Eu não acredito que um ano seja suficiente, talvez, seja necessário 2 anos. Isto significa que o país poderá ficar estagnado 1 ou 2 anos, se o governo não conseguir fazer grandes reformas, se os cidadãos não virem/sentirem sinais de mudança, vai dar ainda mais força ao Chega.

Eu acredito que o ponto chave, é a imigração, o governo terá que demonstrar muito trabalho e minimizar o problema, para “esvaziar” um pouco o Chega, caso não faça será um problema.

XXVI Governo

Assim, nessa próxima eleição, talvez em 2027, acredito que as percentagens ficarão mais ou menos como esta eleição, com um partido ligeiramente à frente e os outros dois mais equilibrados. Só que o vencedor seria o Chega, ficando a AD(provavelmente o PSD) e o PS a disputa pelo 2º lugar.

Seria um novo terramoto, mas aqui seria necessário utilizar a bomba nuclear, iria surgir uma nova geringonça. Apesar da vitória do Ventura, iria surgir o governo bloco central, com o PSD e PS, não haveria outra alternativa.

O governo de bloco central, teria que ser muito competente, porque se não o for, iria para novas eleições. Se o governo for um fiasco, PS corre o risco de ser esvaziado, cairá ainda mais, correrá um risco de existência, poderá tornar-se num partido insignificante na nossa política.

XXVII Governo

Agora o terramoto ainda maior, nessa futura eleição, o Chega venceria com maioria absoluta, aí sim, seria um verdadeiro terramoto, ao nível de 1755.

O Chega tem o tempo a seu fazer, tem uma forte penetração nos jovens. Cada jovem que faça 18 anos, existe uma forte possibilidade de ser eleitor do Chega, o seu oposto, acontece com o PCP e o PS, os mais velhos vão morrendo, não existe renovação geracional. Mas o ponto fulcral é a ausência de competência generalizada nos partidos e políticos que têm governado o nosso país nos últimos anos, o descontentamento da população é completo. Esses políticos vivem na sua bolha, não tem noção do mundo real, nem compreendem quais são os problemas das pessoas simples, do cidadão comum.

Ventura

Na minha opinião só existirá três situações, que poderão travar as ascensão do André Ventura a primeiro-ministro:

• Ou existe um óptimo governo, que crie um bom crescimento na qualidade de vida das pessoas e que resolva os 3 problemas que mais anseiam actualmente os portugueses: Habitação, Saúde e Imigração. A probabilidade de isso acontecer é quase nula.
• Ou se o André Ventura desistir, a batalha será muito longa e ele poderá ficar cansado. Pouco provável.
• Ou então, um Argumentum ad hominem, terá que surgir algo, factos concretos que manche a imagem do André Ventura, que destrua por completo a sua reputação.

---

É a minha a linha leitura da bola de cristal, poderão dizer é uma visão pessimista, eu acho que é realista e pragmática, não vejo qualquer competência na classe política para resolver os problemas do país. Esta é a opinião de um recorrente crítico do Chega.

@ 9ca447d2:fbf5a36d

Steak ‘n Shake recently made headlines by officially accepting bitcoin payments via the Lightning Network across all its U.S. locations. The integration of Bitcoin payments at over 500 locations is a monumental moment for both the fast food industry and the broader retail sector.

This is not just something that Steak ‘n Shake is testing in a handful of locations, they are doing a full-scale rollout, fully embracing Bitcoin. 

With more than 100 million customers a year, Steak ‘n Shake’s integration of Lightning—Bitcoin’s fast, low-fee payment layer—makes it easier than ever to use Bitcoin in day-to-day life. Buying a burger and a shake with sats? That’s now a real option.

The process is straightforward. Customers simply scan a Lightning QR code at the register, completing their payment in seconds, while Steak ‘n Shake receives instant USD conversion, ensuring price stability and ease of use.

So what does this mean for Bitcoin and E-commerce?

For starters, Steak ‘n Shake becomes the first of eventually many to fully embrace a digital world. As Bitcoin continues to grow, consumers will continue to realize the benefits of saving in a currency that is truly scarce and decentralized.

This is a huge step forward for Bitcoin as it shows it is not just for holding, it’s for spending, too. And by using the Lightning Network, Steak n’ Shake is helping prove that Bitcoin can scale for everyday transactions. 

This now creates a seamless checkout experience, making bitcoin a viable alternative to credit cards and cash.

More importantly, it signals a significant shift in mainstream attitudes towards Bitcoin. As a well-known brand across America, this move serves as a powerful endorsement, likely to influence other chains and retailers to consider similar integrations.

Related: Spar Supermarket in Switzerland Now Accepts Bitcoin Via Lightning

What can this mean for your business? 

Accepting bitcoin as payment can open the door to a new demographic of tech-savvy, financially engaged consumers who prefer digital assets.

As we know, companies that adopt Bitcoin receive a fascinating amount of love from the Bitcoin community and I would assume Steak n’ Shake will be receiving the same amount of attention.

From a business perspective, accepting bitcoin has become more than just a payment method—it’s a marketing tool. It sets your business apart and gets people talking. And in a crowded market, that kind of edge matters.

Steak ‘n Shake’s embrace of Bitcoin is likely to accelerate the adoption of digital assets in both physical retail and e-commerce.

As more businesses witness the operational and marketing benefits, industry experts anticipate a ripple effect that will increase interaction between consumers and digital currencies, further regulatory clarity, and bring continued innovation in payment technology.

Steak ‘n Shake’s nationwide Bitcoin payments rollout is more than a novelty. It’s a pivotal development for digital payments, setting a precedent for other retailers and signaling the growing integration of digital assets into everyday commerce.

@ c9badfea:610f861a

1. Install Sky Map (it's free and open source)
2. Launch the app and tap Accept, then tap OK
3. When asked to access the device's location, tap While Using The App
4. Tap somewhere on the screen to activate the menu, then tap ⁝ and select Settings
5. Disable Send Usage Statistics
6. Return to the main screen and enjoy stargazing!

ℹ️ Use the 🔍 icon in the upper toolbar to search for a specific celestial body, or tap the 👁️ icon to activate night mode

@ 9ca447d2:fbf5a36d

Panama City may be the next Latin American city to adopt bitcoin, after El Salvador.

Panama City Mayor Mayer Mizrachi has got the bitcoin world excited after hinting that the city might have a bitcoin reserve. The speculation started on May 16 when Mizrachi posted a simple but powerful message on X:

Two words. That’s it. What makes it special is that it came after a high-profile meeting with Max Keiser and Stacy Herbert, two key figures behind El Salvador’s bitcoin strategy.

Keiser is an advisor to El Salvador’s President Nayib Bukele and Herbert leads the country’s Bitcoin Office.

El Salvador became the first country to adopt bitcoin as legal tender back in 2021. Since then, it has been building a national bitcoin reserve, currently holding 6,179 BTC worth around $640 million. It’s also using geothermal energy to power bitcoin mining in an eco-friendly way.

El Salvador’s bitcoin treasury — Bitcoin.gob.sv

Mizrachi’s meeting with Keiser and Herbert was about how Panama could do the same. While the details of the conversation are private, Keiser shared on social media that the two countries will play a big role in the future of Bitcoin.

“Bitcoin is transforming Central America,” Keiser wrote. “El Salvador’s geothermal & Panama’s hydro-electric will power the Bitcoin revolution.”

Max Keiser on X

Panama with its hydroelectric power could be a hub for green bitcoin mining.

Mizrachi has not announced a bitcoin reserve plan nor submitted a proposal to the National Assembly. But his post and public appearances suggest it’s being considered.

He will be speaking at the upcoming Bitcoin 2025 Conference in Las Vegas just days after his social media post. Many expect he will share more about Panama City’s bitcoin plans during his talk.

If Mizrachi pushes for a bitcoin reserve, he will need to work with national lawmakers to pass new legislation. So far, there is no evidence of that.

Even without a bitcoin reserve, Panama City is already going big on digital assets.

In April 2025, the city council approved a measure to allow residents to pay taxes, fees, fines and permits with digital currencies. Supported tokens are bitcoin (BTC), ethereum (ETH), USD Coin (USDC) and Tether (USDT).

To comply with financial laws, the city has partnered with a bank that instantly converts these digital assets into U.S. dollars. According to Mizrachi, this way it’s easier for residents to use digital assets and the city’s financial operations will be transparent and legal.

Another part of the meeting with El Salvador’s advisors was education.

Stacy Herbert confirmed that Panama City will be integrating El Salvador’s financial literacy book, “What is Money?” into their digital library system. The goal is to help students, teachers and the general public understand bitcoin and digital currencies in modern finance.

This is a trend in Latin America where countries are looking for alternatives to traditional banking systems. Inflation, economic instability and the rise of decentralized finance are forcing governments to look into new financial tools.

@ 9ca447d2:fbf5a36d

Ed Suman, a 67-year-old retired artist who helped create large sculptures like Jeff Koons’ Balloon Dog, reportedly lost his entire life savings — over $2M in digital assets — in a sophisticated scam.

The incident is believed to be tied to the major data breach at Coinbase, one of the world’s largest digital asset exchanges.

Suman’s story is part of a bigger wave of attacks on digital asset holders using stolen personal info, and has triggered lawsuits, regulatory concerns and questions about digital security in the Bitcoin space.

In March 2025, Suman got a text message about suspicious activity on his Coinbase account. After Suman reported he was unaware of any unauthorized activity regarding his account, he got a call from a man who introduced himself as Brett Miller from Coinbase Security.

The guy sounded legit — he knew Suman’s setup, including that he used a Trezor Model One hardware wallet, a device meant to keep bitcoin and other digital assets offline and safe.

Suman told Bloomberg the guy knew everything, including the exact amount of digital assets he had.

The attacker persuaded Suman that his Trezor One hardware wallet and its funds were at risk and walked him through a “security procedure” that involved entering his seed phrase into a website that looked exactly like Coinbase, in order to “link his wallet to Coinbase”.

Nine days later, another guy called and repeated the process, saying the first one didn’t work.

And then, all of Suman’s digital assets — 17.5 bitcoin and 225 ether — were gone. At the time, bitcoin was around $103,000 and ether around $2,500, so the stolen stash was worth over $2 million.

Suman turned to digital assets after retiring from a decades-long art career. He stored his assets in cold storage to avoid the risks of online exchanges. He thought he did everything right.

Suman’s attackers didn’t pick his name out of a hat.

It looks like his personal info may have been leaked in the major breach at Coinbase. The company confirmed on May 15 that some of its customer service reps in India were bribed to access internal systems and steal customer data.

The stolen data included names, phone numbers, email addresses, balances and partial Social Security numbers.

According to Coinbase’s filing with the U.S. Securities and Exchange Commission, the breach may have started as early as January and affected nearly 1% of the company’s active monthly users — tens of thousands of people.

Hackers demanded $20M from Coinbase to keep the breach quiet but the company refused to pay. Coinbase says it fired the compromised agents and is setting aside $180M to $400M to reimburse affected users.

But so far, Suman hasn’t been told if he’ll be reimbursed.

Since the breach was disclosed, Coinbase has been hit with at least six lawsuits.

The lawsuits claim the company failed to protect user data and handled the aftermath poorly. One lawsuit filed in New York federal court on May 16 says Coinbase’s response was “inadequate, fragmented, and delayed.”

“Users were not promptly or fully informed of the compromise,” the complaint states, “and Coinbase did not immediately take meaningful steps to mitigate further harm.”

Some lawsuits are seeking damages, others are asking Coinbase to purge user data and improve its security. Coinbase has not commented on the lawsuits but pointed reporters to a blog post about its response.

Suman’s case is a cautionary tale across the Bitcoin world. He used a hardware wallet (considered the gold standard of Bitcoin security) and was still tricked through social engineering. Even the strongest security is useless if you don’t understand how Bitcoin works.

It’s never too early for Bitcoiners to start learning more about Bitcoin, especially on how to keep their stash safe. And the first lesson is “never ever share your seed phrase with anyone”.

Related: Bitcoin Hardware Wallet Hacks: What You Need to Know

@ 9ca447d2:fbf5a36d

UFC legend Conor McGregor has entered the Bitcoin space, calling on his home country of Ireland to create a national Bitcoin reserve. The proposal has sparked a frenzy online and across Ireland.

McGregor, famous globally for his UFC achievements, is now pushing for a financial revolution in Ireland. In a recent post on X, the 36-year-old fighter said Bitcoin can give power back to the people.

Conor McGregor on X

“Crypto in its origin was founded to give power back to the people,” McGregor wrote. “An Irish Bitcoin strategic reserve will give power to the people’s money.”

The post went viral with over 735,000 views in under 12 hours. McGregor announced he will be co-hosting a Twitter Space to discuss his vision and invited Bitcoin experts and public figures to join.

McGregor’s call for a bitcoin reserve is not an isolated event. It comes at a time when several other countries are exploring or have already added bitcoin to their national strategies.

The U.S. recently made headlines when President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve. Arizona and New Hampshire have also done it at the state level.

El Salvador and Bhutan have also taken the same step. There have been reports of Russia planning to add bitcoin to its reserves by 2028 and the Polish government has proposals to do the same.

McGregor says Ireland shouldn’t be left behind. He believes bitcoin’s fixed supply, neutrality and decentralization make it the perfect hedge against inflation and a modern alternative to gold.

“Now it’s time to change the crypto game,” McGregor posted, signaling he will bring digital assets into the national conversation.

Many of McGregor’s fans and Bitcoin enthusiasts are on board with the idea, but some experts and commenters are urging caution. There are comments on his social media posts telling him to focus on Bitcoin only and not include other cryptos in the reserve.

They warned him to choose his words more carefully, not to mix “crypto” with Bitcoin. Daniel Sempere Pico commented:

“Crypto is mostly hot air and scams. Bitcoin is not crypto. Focus on bitcoin, Conor. Focus on bitcoin.”

McGregor’s call for a reserve comes as he launches his political career. In March 2025 he announced he will run as an independent candidate for the Irish presidency. His campaign is focused on crime reduction, stricter immigration and now financial reform through Bitcoin.

If elected, McGregor says he will bring change to Ireland, starting with how the country handles its national reserves. He wants bitcoin to be the cornerstone of a modern decentralized financial strategy.

But it might be a big ask. Ireland has not commented on McGregor’s proposal and experts say it’s got major regulatory and political hurdles.

As an independent candidate with no party backing, McGregor will need to build public and political support to make it happen.

@ 8aa70f44:3073d1a6

Earlier this year I launched the asknostr.site project which has been a great journey and learning experience. I had wanted to write down my goals and ideas with the project but didn't get to it yet. Primal launching the article editor was a trigger for me to go for it.

Ever since I joined Nostr i was looking for ways to apply my skillset solve a problem and help with adoption. Around Christmas I figured that a Quora/Stackoverflow alternative is something that needs to exist on Nostr.

Before I knew it I had a pretty decent prototype. And because the network already had so much awesome content, contributors and authors I was never discouraged by the challenge that kills so many good ideas -> "Where do I get the first users?".

Since the initial announcement I have received so much encouragement through zaps, likes, DM's, and maybe most of all seeing the increase in usage of the site and #asknostr content kept me going.

Current State

The current version of the site is stable and most bugs are hashed out. After logging in (remote signer, extension or nsec) you can engage with content through votes, comments and replies. Or simply ask a new question.

All content is stored in the site's own private relay and preprocessed/computed into a single data store (postgres) so the site is fast, accessible and crawl-able.

The site supports browsing hashtags, voting/commenting on answers, asking new questions and every contributor get their own profile (example). At the time of writing the site has 41k questions, almost 200k replies/comments and upwards of 5 million sats purely for #asknostr content.

What to expect/On my list

There are plenty of things and UI bugs that need love and between writing the draft of this post and hitting publish I shipped 3 minor bug fixes. Little by little, bit by bit...

In addition to all those small details here is an overview of the things on my own wish list:

• Inline Zaps: Ability to zap from the asknostr.site interface. Click the zap button, specify or pick the number of sats zap away.

• Contributor Rank: A leaderboard to add some gamification. More recognition to those nostriches that spend their time helping other people out

• Search by Keyword: Search all content by keywords. Experiment with the index to show related questions or answers

• Better User Profiles: Improve the user profile so it shows all the profile questions and answers. Quick buttons to follow or zap that person. Better insights in the topics (hashtags) the profile contributes to

• Bookmarks: Ability to bookmark questions and answers. Increase bookmark weight as a signal to rank answers.

• Smarter Scoring: Tune how answers are scored (winning answer formula). Perhaps give more weight to the question author or use WoT. Not sure yet.

All of this is happening at some point so follow me if you want to stay up to date.

Goals

To manage expectations and keep me focussed I write down the mid and long term goals of the project.

Long term

Call me cheesy but I believe that humanity will flourish through an open web and sound money. My own journey started from with bitcoin but if you asked me today if it's BTC or nostr that is going to have the most impact I wouldn't know what to answer. Chicken or egg?

The goal of the project is to offer an open platform that empowers individuals to ask questions, share expertise and access high-quality information across different topics. The project empowers anyone to monetize their experience creating a sustainable ecosystem that values and rewards knowledge sharing. This will ultimately democratize access to knowledge for all.

Mid term

The project can help a lot with onboarding new users onto the network. Once we start to rank on certain topics we can get a piece of the search traffic pie (StackOverflows 12 million, and Quora 150 million visitors per month) which is a great way to expose people to the power of the network.

First time visitors do not need to know about nostr or zaps to receive value. They can browse around, discover interesting content and perhaps even create a profile without even knowing they are on Nostr now.

Gradually those users will understand the value of the network through better rankings (zaps beats likes), a cross-client experience and a profile that can be used on any nostr site or app.

In order for the site to do that we need to make sure content is browsable by language, (sub)topics and and we double down on 'the human touch' with real contributors and not LLMs.

Short Term Goal

The first goal is to make the site really good and an important resource for existing Nostr users. Enable visitors to search and discover what they are interested in. Integrate within the existing nostr eco system with 'open in' functionality and quick links to interesting projects (followerpacks?)

One of things i want to get right is to improve user retention by making the whole Q\&A experience more sticky. I want to run some experiments (bots, award, summaries) to get more people to use asknostr.site more often and come back.

What about the name?

Finally the big question: What about the asknostr.site name? I don't like the name that much but it's what people know. I think there is a high chance that people will discover Nostr apps like Olas, Primal or Damus without needing to know what NOSTR is or means.

Therefore I think there is a good chance that the project won't be called asknostr.site forever. I guess it all depends on where we all take this.

Onwards!

@ 9ca447d2:fbf5a36d

JPMorgan Chase, the biggest bank in the U.S., is now allowing its clients to buy bitcoin — a big change of heart for an institution whose CEO, Jamie Dimon, has been a long-time critic of the scarce digital asset.

Dimon made the announcement on the bank’s investor day, which came as a shift in JPMorgan’s approach to digital assets. “We are going to allow you to buy it,” he said. “We’re not going to custody it. We’re going to put it in statements for clients.”

That means clients can buy BTC through JPMorgan but the bank won’t hold or store the digital asset. Instead it will provide access and include the BTC purchases in client statements.

According to multiple reports and posts, JPMorgan has been blocking transactions from digital asset exchanges, with several people complaining about their experience on social media.

Source

Source

There is even an official notice on the company’s UK website that explicitly says customers cannot use their funds to purchase digital assets.

JPMorgan Chase UK website — Source

It’s a big change because Dimon has been one of Bitcoin’s biggest critics. Over the years he’s called it “worthless”, a “fraud” and even compared it to a “pet rock”.

He’s repeatedly expressed concern over digital assets’ use in illegal activities such as money laundering, terrorism, sex trafficking and tax evasion. A role that his critics say the U.S. dollar is playing on a much larger scale.

Related: Jamie Dimon Would “Close Down” Bitcoin If He Had Government Role

“The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance,” he told lawmakers during a Senate hearing in 2023. At the 2024 World Economic Forum in Davos, he doubled down, “Bitcoin does nothing. I call it the pet rock.”

Despite his personal views, Dimon says the bank is responding to client demand. “I don’t think you should smoke, but I defend your right to smoke,” he said. “I defend your right to buy bitcoin.”

It’s worth noting JPMorgan isn’t fully embracing digital assets. The bank won’t be offering direct custody services or launching its own exchange.

Instead, it’s offering access to digital asset exchanges. There are even reports that the bank also plans to facilitate access to bitcoin ETFs and possibly other investment vehicles. Until recently, JPMorgan had limited its bitcoin exposure to futures-based products.

Other big financial firms have already taken similar steps.

Morgan Stanley, for example, has been offering some clients access to bitcoin ETFs since August 2024. Its CEO, Ted Pick, said earlier this year that the firm is working closely with regulators to explore ways to get into the digital assets space.

Dimon does like blockchain, though — the technology that underpins it. JPMorgan has its own blockchain projects including JPM Coin and recently ran a test transaction on a public blockchain of tokenized U.S. Treasuries.

Many criticize this view, saying that the most powerful aspect of Bitcoin is its decentralization. So, a centralized blockchain is just useless. This might be the reason Dimon has grown weary of all JPMorgan’s blockchain initiatives, because they offered nothing of value.

He said he might have given blockchain too much credit during his investor day comments: “We have been talking about blockchain for 12 to 15 years,” he said. “We spend too much on it. It doesn’t matter as much as you all think.”

@ 662f9bff:8960f6b2

This past week I have been very busy in Holywood - just outside Belfast, Northern Ireland with a lot to do on top of my day-job! It was an unplanned trip but mission accomplished and we are off on the road again. I am writing this on my 3h30 Ryanair flight - so even in weeks like this you can find time to reflect quietly and think clearly if you look for it and seize the opportunity.

You might have noticed that I have "rebranded" the website and newsletter as "Letter From ...around the world". This reflects the reality that Hong Kong is not currently the "Asia World City" and I am not there. Whether it will ever reclaim that title again and when, or even if I can return remains to be seen. I am deeply saddened that after living 10 fabulous years in HK we had to abandon everything that Saturday night at the end of February.

This is the third time in my life that I have chosen Exit from "Loyalty, Voice or Exit" - (recall issue 09 - On Location).... Expect both Voice and Exit to become increasingly difficult or even unavailable in many jurisdictions. It is time to wake up. Talk to me if you are awake or curious!

One thing I learned back in 2004 on my first businss trip to New York is that "The way you react to a situation determines how you feel about it". This is one of so many insights that I learned from "The 7 Habits of Highly Effective People" by Steven Covey. I found the book at 4pm in the afternoon walking around outside my hotel trying to stay up to overcome jet-lag. I got back to the hotel and proceeded to devour the entire book overnight. I had never done that with any book before and I do not think I have done it since. Look out for a full review in an upcoming newsletter.

Thanks to Ali Abdaal for his passionate and insightful review of "Show Your Work" by Austin Kleon - clearly this is something that he has internalised and he does practice what he preaches. Indeed this is a short and easy read with many pictures and simple suggestions - recommended! I did read it on my Kindle and I am enjoying how the highlights automagically sync into Obsidian (see last week's find).

I was also inspired by Ali's How to Start a Youtube Channel explainer. I have been following Ali for about 5 years since he was a student doing these videos in his student room on his iPhone while studying Medicine in Cambridge. His passion for sharing his insights on how to study effectively as well as facilitating the learning that medical students needed to do enabled him to set up his own businesss. This set him on the road to his current 3 million subscribers and a business employing over a dozen people inspiring and helping others to acquire skills that are increasingly valuable in the the world today and going forward.

Over the coming months I will be experimenting with different channels and different media not only to discover new insights for myself but also to share things that I distill and find interesting. Also somewhat loosely inspired by "How to Get What you want and Want What You Have" by Jon Gray, I do recognize that I am now in the latter of the "Ten Time Periods" - if I had to pick one, I would say number 8 - at least that is how I feel!

So do subscribe to the newsletter and do follow along on Youtube. I'm obviously still in stage 1 of Ali's 3-stage process - so be patient and do give feedback, questions and suggestions!

Another day - another Airport...

That's it!

No one can be told what The Matrix is.\ You have to see it for yourself.**

Do share this newsletter with any of your friends and family who might be interested.

You can also email me at: LetterFrom@rogerprice.me

💡Enjoy the newsletters in your own language : Dutch, French, German, Serbian, Chinese Traditional & Simplified, Thai and Burmese.

@ 04c915da:3dfbecc9

This piece is the first in a series that will focus on things I think are a priority if your focus is similar to mine: building a strong family and safeguarding their future.

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Choosing the ideal place to raise a family is one of the most significant decisions you will ever make. For simplicity sake I will break down my thought process into key factors: strong property rights, the ability to grow your own food, access to fresh water, the freedom to own and train with guns, and a dependable community.

A Jurisdiction with Strong Property Rights

Strong property rights are essential and allow you to build on a solid foundation that is less likely to break underneath you. Regions with a history of limited government and clear legal protections for landowners are ideal. Personally I think the US is the single best option globally, but within the US there is a wide difference between which state you choose. Choose carefully and thoughtfully, think long term. Obviously if you are not American this is not a realistic option for you, there are other solid options available especially if your family has mobility. I understand many do not have this capability to easily move, consider that your first priority, making movement and jurisdiction choice possible in the first place.

Abundant Access to Fresh Water

Water is life. I cannot overstate the importance of living somewhere with reliable, clean, and abundant freshwater. Some regions face water scarcity or heavy regulations on usage, so prioritizing a place where water is plentiful and your rights to it are protected is critical. Ideally you should have well access so you are not tied to municipal water supplies. In times of crisis or chaos well water cannot be easily shutoff or disrupted. If you live in an area that is drought prone, you are one drought away from societal chaos. Not enough people appreciate this simple fact.

Grow Your Own Food

A location with fertile soil, a favorable climate, and enough space for a small homestead or at the very least a garden is key. In stable times, a small homestead provides good food and important education for your family. In times of chaos your family being able to grow and raise healthy food provides a level of self sufficiency that many others will lack. Look for areas with minimal restrictions, good weather, and a culture that supports local farming.

Guns

The ability to defend your family is fundamental. A location where you can legally and easily own guns is a must. Look for places with a strong gun culture and a political history of protecting those rights. Owning one or two guns is not enough and without proper training they will be a liability rather than a benefit. Get comfortable and proficient. Never stop improving your skills. If the time comes that you must use a gun to defend your family, the skills must be instinct. Practice. Practice. Practice.

A Strong Community You Can Depend On

No one thrives alone. A ride or die community that rallies together in tough times is invaluable. Seek out a place where people know their neighbors, share similar values, and are quick to lend a hand. Lead by example and become a good neighbor, people will naturally respond in kind. Small towns are ideal, if possible, but living outside of a major city can be a solid balance in terms of work opportunities and family security.

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Let me know if you found this helpful. My plan is to break down how I think about these five key subjects in future posts.

@ 57d1a264:69f1fee1

As a product builder over too many years to mention, I’ve lost count of the number of times I’ve seen promising ideas go from zero to hero in a few weeks, only to fizzle out within months.

The problem with most finance apps, however, is that they often become a reflection of the internal politics of the business rather than an experience solely designed around the customer. This means that the focus is on delivering as many features and functionalities as possible to satisfy the needs and desires of competing internal departments, rather than providing a clear value proposition that is focused on what the people out there in the real world want. As a result, these products can very easily bloat to become a mixed bag of confusing, unrelated and ultimately unlovable customer experiences—a feature salad, you might say.

Financial products, which is the field I work in, are no exception. With people’s real hard-earned money on the line, user expectations running high, and a crowded market, it’s tempting to throw as many features at the wall as possible and hope something sticks. But this approach is a recipe for disaster.

Here’s why: https://alistapart.com/article/from-beta-to-bedrock-build-products-that-stick/

https://stacker.news/items/985285

@ 04c915da:3dfbecc9

Here’s a revised timeline of macro-level events from The Mandibles: A Family, 2029–2047 by Lionel Shriver, reimagined in a world where Bitcoin is adopted as a widely accepted form of money, altering the original narrative’s assumptions about currency collapse and economic control. In Shriver’s original story, the failure of Bitcoin is assumed amid the dominance of the bancor and the dollar’s collapse. Here, Bitcoin’s success reshapes the economic and societal trajectory, decentralizing power and challenging state-driven outcomes.

Part One: 2029–2032

• 2029 (Early Year)\ The United States faces economic strain as the dollar weakens against global shifts. However, Bitcoin, having gained traction emerges as a viable alternative. Unlike the original timeline, the bancor—a supranational currency backed by a coalition of nations—struggles to gain footing as Bitcoin’s decentralized adoption grows among individuals and businesses worldwide, undermining both the dollar and the bancor.

• 2029 (Mid-Year: The Great Renunciation)\ Treasury bonds lose value, and the government bans Bitcoin, labeling it a threat to sovereignty (mirroring the original bancor ban). However, a Bitcoin ban proves unenforceable—its decentralized nature thwarts confiscation efforts, unlike gold in the original story. Hyperinflation hits the dollar as the U.S. prints money, but Bitcoin’s fixed supply shields adopters from currency devaluation, creating a dual-economy split: dollar users suffer, while Bitcoin users thrive.

• 2029 (Late Year)\ Dollar-based inflation soars, emptying stores of goods priced in fiat currency. Meanwhile, Bitcoin transactions flourish in underground and online markets, stabilizing trade for those plugged into the bitcoin ecosystem. Traditional supply chains falter, but peer-to-peer Bitcoin networks enable local and international exchange, reducing scarcity for early adopters. The government’s gold confiscation fails to bolster the dollar, as Bitcoin’s rise renders gold less relevant.

• 2030–2031\ Crime spikes in dollar-dependent urban areas, but Bitcoin-friendly regions see less chaos, as digital wallets and smart contracts facilitate secure trade. The U.S. government doubles down on surveillance to crack down on bitcoin use. A cultural divide deepens: centralized authority weakens in Bitcoin-adopting communities, while dollar zones descend into lawlessness.

• 2032\ By this point, Bitcoin is de facto legal tender in parts of the U.S. and globally, especially in tech-savvy or libertarian-leaning regions. The federal government’s grip slips as tax collection in dollars plummets—Bitcoin’s traceability is low, and citizens evade fiat-based levies. Rural and urban Bitcoin hubs emerge, while the dollar economy remains fractured.

Time Jump: 2032–2047

• Over 15 years, Bitcoin solidifies as a global reserve currency, eroding centralized control. The U.S. government adapts, grudgingly integrating bitcoin into policy, though regional autonomy grows as Bitcoin empowers local economies.

Part Two: 2047

• 2047 (Early Year)\ The U.S. is a hybrid state: Bitcoin is legal tender alongside a diminished dollar. Taxes are lower, collected in BTC, reducing federal overreach. Bitcoin’s adoption has decentralized power nationwide. The bancor has faded, unable to compete with Bitcoin’s grassroots momentum.

• 2047 (Mid-Year)\ Travel and trade flow freely in Bitcoin zones, with no restrictive checkpoints. The dollar economy lingers in poorer areas, marked by decay, but Bitcoin’s dominance lifts overall prosperity, as its deflationary nature incentivizes saving and investment over consumption. Global supply chains rebound, powered by bitcoin enabled efficiency.

• 2047 (Late Year)\ The U.S. is a patchwork of semi-autonomous zones, united by Bitcoin’s universal acceptance rather than federal control. Resource scarcity persists due to past disruptions, but economic stability is higher than in Shriver’s original dystopia—Bitcoin’s success prevents the authoritarian slide, fostering a freer, if imperfect, society.

Key Differences

• Currency Dynamics: Bitcoin’s triumph prevents the bancor’s dominance and mitigates hyperinflation’s worst effects, offering a lifeline outside state control.
• Government Power: Centralized authority weakens as Bitcoin evades bans and taxation, shifting power to individuals and communities.
• Societal Outcome: Instead of a surveillance state, 2047 sees a decentralized, bitcoin driven world—less oppressive, though still stratified between Bitcoin haves and have-nots.

This reimagining assumes Bitcoin overcomes Shriver’s implied skepticism to become a robust, adopted currency by 2029, fundamentally altering the novel’s bleak trajectory.

@ 90152b7f:04e57401

Wikileaks - S E C R E T SECTION 01 OF 02 TEL AVIV 001733 SIPDIS SIPDIS E.O. 12958: DECL: 06/13/2017 TAGS: PREL, PTER, MOPS, KWBG, LE, SY, IS SUBJECT: MILITARY INTELLIGENCE DIRECTOR YADLIN COMMENTS ON GAZA, SYRIA AND LEBANON Classified By: Ambassador Richard H. Jones, Reason 1.4 (b) (d)

2007 June 13

1. (S) Summary. During a June 12 meeting with the Ambassador, IDI Director MG Amos Yadlin said that Gaza was "number four" on his list of threats, preceded by Iran, Syria, and Hizballah in that order. Yadlin said the IDI has been predicting armed confrontation in Gaza between Hamas and Fatah since Hamas won the January 2006 legislative council elections. Yadlin felt that the Hamas military wing had initiated the current escalation with the tacit consent of external Hamas leader Khalid Mishal, adding that he did not believe there had been a premeditated political-level decision by Hamas to wipe out Fatah in Gaza. Yadlin dismissed Fatah's capabilities in Gaza, saying Hamas could have taken over there any time it wanted for the past year, but he agreed that Fatah remained strong in the West Bank. Although not necessarily reflecting a GOI consensus view, Yadlin said Israel would be "happy" if Hamas took over Gaza because the IDF could then deal with Gaza as a hostile state. He dismissed the significance of an Iranian role in a Hamas-controlled Gaza "as long as they don't have a port." Regarding predictions of war with Syria this summer, Yadlin recalled the lead-up to the 1967 war, which he said was provoked by the Soviet Ambassador in Israel. Both Israel and Syria are in a state of high alert, so war could happen easily even though neither side is seeking it. Yadlin suggested that the Asad regime would probably not survive a war, but added that Israel was no longer concerned with maintaining that "evil" regime. On Lebanon, Yadlin felt that the fighting in the Nahr Al-Barid camp was a positive development for Israel since it had "embarrassed" Hizballah, adding that IDI had information that the Fatah Al-Islam terrorist group was planning to attack UNIFIL before it blundered into its confrontation with the LAF. End Summary.

Gaza Fighting Not Israel's Main Problem

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2. (S) The Ambassador, accompanied by Pol Couns and DATT, called on IDI Director Major General Amos Yadlin June 12. Noting reports of fierce fighting between Hamas and Fatah in Gaza that day, the Ambassador asked for Yadlin's assessment. Yadlin described Gaza as "not Israel's main problem," noting that it ranked fourth in his hierarchy of threats, behind Iran, Syria, and Hizballah. Yadlin described Gaza as "hopeless for now," commenting that the Palestinians had to realize that Hamas offered no solution. IDI analysts, he said, had predicted a confrontation in Gaza since Hamas won the Palestinian Legislative Council elections in January 2006. Yadlin commented that Palestinian President Mahmoud Abbas and Hamas Prime Minister Ismail Haniyeh had become personally close despite their ideological differences, but neither leader had control over those forces under them.

3. (S) Yadlin explained that both Fatah and Hamas contained many factions. The Hamas military wing had been frustrated since the signing of the Mecca Agreement in January, but there were also many armed groups in Gaza that were not under the control of either party. Yadlin cited the example of the Dughmush clan, which had shifted from Fatah to the Popular Resistance Committees to Hamas before becoming an armed entity opposed to all of them. After May 15, the Hamas military wing had sought to export the fighting to Sderot by launching waves of Qassam rockets. One week later, as a result of IDF retaliation, they realized the price was too high and reduced the Qassam attacks.

4. (S) In response to the Ambassador's question, Yadlin said he did not think that day's Hamas attacks on Fatah security forces were part of a premeditated effort to wipe out Fatah in Gaza. Instead, they probably represented an initiative of the military wing with the tacit consent of Khalid Mishal in Damascus. Mishal was still considering the costs and benefits of the fighting, but the situation had become so tense that any incident could lead to street fighting without any political decision.

Gaza and West Bank Separating

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5. (S) The Ambassador asked Yadlin for his assessment of reports that Fatah forces had been ordered not to fight back. Yadlin said Mohammed Dahlan had 500 men and the Presidential Guard had 1,500 more. They understand that the balance of power favors Hamas, which "can take over Gaza any time it wants to." Yadlin said he would be surprised if Fatah fights, and even more surprised if they win. As far as he was concerned, this had been the case for the past year. The situation was different in the West Bank, however, where Fatah remained relatively strong and had even started to

TEL AVIV 00001733 002 OF 002

kidnap Hamas activists. Yadlin agreed that Tawfiq Tirawi had a power base in the West Bank, but he added that Fatah was not cohesive.

6. (S) The Ambassador commented that if Fatah decided it has lost Gaza, there would be calls for Abbas to set up a separate regime in the West Bank. While not necessarily reflecting a consensus GOI view, Yadlin commented that such a development would please Israel since it would enable the IDF to treat Gaza as a hostile country rather than having to deal with Hamas as a non-state actor. He added that Israel could work with a Fatah regime in the West Bank. The Ambassador asked Yadlin if he worried about a Hamas-controlled Gaza giving Iran a new opening. Yadlin replied that Iran was already present in Gaza, but Israel could handle the situation "as long as Gaza does not have a port (sea or air)."

War with Syria "Could Happen Easily"

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7. (S) Noting Israeli press speculation, the Ambassador asked Yadlin if he expected war with Syria this summer. Recalling the 1967 war, Yadlin commented that it had started as a result of the Soviet Ambassador in Israel reporting on non-existing Israeli preparations to attack Syria. Something similar was happening again, he said, with the Russians telling the Syrians that Israel planned to attack them, possibly in concert with a U.S. attack on Iran. Yadlin stated that since last summer's war in Lebanon, Syria had engaged in a "frenzy of preparations" for a confrontation with Israel. The Syrian regime was also showing greater self-confidence. Some Syrian leaders appeared to believe that Syria could take on Israel military, but others were more cautious. The fact that both sides were on high alert meant that a war could happen easily, even though neither side is seeking one. In response to a question, Yadlin said he did not think the Asad regime would survive a war, but he added that preserving that "evil" regime should not be a matter of concern.

Fighting in Nahr al-Barid Positive for Israel

---------------------------------------------

8. (S) The Ambassador asked Yadlin for his views on the fighting in the Nahr al-Barid refugee camp in northern Lebanon. Although Yadlin was called to another meeting and did not have time to elaborate, he answered that the fighting was positive for Israel because it had embarrassed Hizballah, which had been unable to adopt a clear-cut position on the Lebanese Army's action, and because the Fatah al-Islam terrorist organization had been planning to attack UNIFIL and then Israel before it blundered into its current confrontation with the LAF. He also agreed that the confrontation was strengthening the LAF, in fact and in the eyes of the Lebanese people, which was also good.

9. (S) Comment: Yadlin's relatively relaxed attitude toward the deteriorating security situation in Gaza represents a shift in IDF thinking from last fall, when the Southern Command supported a major ground operation into Gaza to remove the growing threat from Hamas. While many media commentators continue to make that argument, Yadlin's view appears to be more in synch with that of Chief of General Staff Ashkenazi, who also believes that the more serious threat to Israel currently comes from the north.

********************************************* ******************** Visit Embassy Tel Aviv's Classified Website: http://www.state.sgov.gov/p/nea/telaviv

You can also access this site through the State Department's Classified SIPRNET website. ********************************************* ******************** JONES

@ 0e9491aa:ef2adadf

What is KYC/AML?

• The acronym stands for Know Your Customer / Anti Money Laundering.
• In practice it stands for the surveillance measures companies are often compelled to take against their customers by financial regulators.
• Methods differ but often include: Passport Scans, Driver License Uploads, Social Security Numbers, Home Address, Phone Number, Face Scans.
• Bitcoin companies will also store all withdrawal and deposit addresses which can then be used to track bitcoin transactions on the bitcoin block chain.
• This data is then stored and shared. Regulations often require companies to hold this information for a set number of years but in practice users should assume this data will be held indefinitely. Data is often stored insecurely, which results in frequent hacks and leaks.  
• KYC/AML data collection puts all honest users at risk of theft, extortion, and persecution while being ineffective at stopping crime. Criminals often use counterfeit, bought, or stolen credentials to get around the requirements. Criminals can buy "verified" accounts for as little as $200. Furthermore, billions of people are excluded from financial services as a result of KYC/AML requirements.

During the early days of bitcoin most services did not require this sensitive user data, but as adoption increased so did the surveillance measures. At this point, most large bitcoin companies are collecting and storing massive lists of bitcoiners, our sensitive personal information, and our transaction history.

Lists of Bitcoiners

KYC/AML policies are a direct attack on bitcoiners. Lists of bitcoiners and our transaction history will inevitably be used against us.

Once you are on a list with your bitcoin transaction history that record will always exist. Generally speaking, tracking bitcoin is based on probability analysis of ownership change. Surveillance firms use various heuristics to determine if you are sending bitcoin to yourself or if ownership is actually changing hands.  You can obtain better privacy going forward by using collaborative transactions such as coinjoin to break this probability analysis.

Fortunately, you can buy bitcoin without providing intimate personal information. Tools such as peach, hodlhodl, robosats, azteco and bisq help; mining is also a solid option: anyone can plug a miner into power and internet and earn bitcoin by mining privately.

You can also earn bitcoin by providing goods and/or services that can be purchased with bitcoin. Long term, circular economies will mitigate this threat: most people will not buy bitcoin - they will earn bitcoin - most people will not sell bitcoin - they will spend bitcoin.

There is no such thing as KYC or No KYC bitcoin, there are bitcoiners on lists and those that are not on lists.

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If you found this post helpful support my work with bitcoin.

@ 90152b7f:04e57401

Wikileaks - C O N F I D E N T I A L SECTION 01 OF 02 JERUSALEM 002018 SIPDIS SIPDIS NEA FOR FRONT OFFICE; NEA/IPA FOR GOLDBERGER/SHAMPAINE/BELGRADE; NSC FOR ABRAMS/WATERS; TREASURY FOR SZUBIN/GRANT/HARRIS/NUGENT/HIRSON E.O. 12958: DECL: 07/17/17 TAGS: ECON, EFIN, KFTN, KWBG, IS

2007 September 26

SUBJECT: ISRAELI BANK CUTOFF PORTENDS GAZA BANK CLOSURES AND MORE PRIVATE SECTOR DIFFICULTIES Classified By: Consul General Jake Walles,

Reasons 1.4 (b) and (d). 1. 1. (SBU) Summary. Bank Hapoalim's decision to sever ties with banks in Gaza, and an expected move by Israel Discount Bank to do the same, could result in cash shortages, bank closures, and a suspension of commercial imports into Gaza, most of which are food, according to Palestinian banking sector representatives. Palestine Monetary Authority (PMA) Governor George Abed is discussing possible solutions with his Israeli counterpart and other Israeli officials. Banks operating in the West Bank are attempting to ascertain the impact on their activities. End summary.

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Threat Made Real

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2. (SBU) Bank Hapoalim announced September 25 that it is severing its ties with banks operating in the Gaza Strip, according to local press reports. The bank reportedly decided to take this action after the GOI designated Gaza a "hostile entity." Since the formation of the Hamas-led government in March 2006, Bank Hapoalim and the Israel Discount Bank (IDB) have warned that they intended to terminate their correspondent bank relationship with banks operating in the West Bank and Gaza. Both banks provide check clearing services and coordinate cash transfers, operations considered vital to the Palestinian banking sector.

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Damage Control

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3. (C) PMA Governor Abed told Econoff September 26 that Bank Hapoalim's decision was "not a surprise" and the PMA "is dealing with it." He explained that he had spoken to Bank of Israel Governor Fischer September 25 and is also in contact with GOI Ministry of Finance officials. Abed said that he believes the GOI is seeking to find a solution because it wants to maintain economic and financial relations with Palestinians. If IDB follows Bank Hapoalim's lead, as expected, Abed fears that the banking sector in Gaza could shutdown. Already in steep decline, banking activity there comprises only 18-20 percent of total deposits and about 15 percent of total loan portfolios of banks operating in the West Bank and Gaza, according to Abed.

4. (C) Arab Bank General Manager Mazen Abu Hamdan and Cairo-Amman Bank Regional Manager Joseph Nesnas told Econoff separately September 26 that IDB does much more business with Gaza banks than Bank Hapoalim, so if IDB severs its ties, the impact will be even more severe. Both said they will close their Gaza branch offices if IDB takes this action. Arab Bank's correspondent account is with the IDB. Both Abu Hamdan and Nesnas said they are uncertain as to exactly how and when Bank Hapoalim will implement its decision, and what the consequences will be for banks in the West Bank. Abu Hamdan suggested that Bank Hapoalim may continue to clear Gaza-origin checks in the short-term with Israeli beneficiaries, but will very soon refuse to accept any checks drawn from Gaza branches.

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Cash Shortage to Further Restrict Trade

---------------------------------------

5. (C) Abed noted that Gaza merchants frequently pay cash for imports, often upon receipt of the goods at the designated crossing. If banks close, Abed continued, cash payments will be even more common. If cash transfers to Gaza are suspended, however, cash will be hoarded and increasingly unavailable to conduct trade. (Note: According to the UN, 86 percent of commercial imports into Gaza are food.) Abed and Abu Hamdan noted separately that a cash cutoff will also adversely affect the payment of PA salary payments to Gaza-based employees. Banks in Gaza need about NIS 150 million each month to make PA salary payments.

---------------------------------

Hamas Not Guarding Cash Transfers

---------------------------------

6. Abed refuted a press report alleging that Hamas is now guarding cash shipments once they enter Gaza. He said he is aware that of one instance when a bank notified Hamas of a JERUSALEM 00002018 002 OF 002 shipment, and Hamas Executive Forces may have shadowed the cash movement in reply, but in all other cases the banks handle their own security arrangements and do not communicate with Hamas. WALLES

@ 2b998b04:86727e47

I recently released my first open-source tool:\ 👉 nostr-signal-filter

It fetches and formats your latest top-level Nostr note or long-form article, cleans up any embedded links using TinyURL, and outputs a clean version ready for reposting to:

• LinkedIn

• Facebook

• X / Twitter

---

⚙️ Built for Simplicity

The stack is intentionally minimal:

• Python + WebSockets + Bech32

• TinyURL API for link shortening

• Dockerized CLI usage:

bash

CopyEdit

docker run --rm -e PUBKEY=npub1yourpubkeyhere nostr-fetcher > latest.md

From idea to working repo took under 3 hours — including debugging, Docker tweaks, README cleanup, and tagging a clean release.\ \ This most certainly would have taken much longer if I had done this all without ChatGPTs' help.\ \ 🖼️ Example Output (latest.md)

text

CopyEdit

🕒 2025-05-20 22:24:17 📄 Note (originally posted on Nostr/primal.net) --- 🚨 New long-form drop: AI Isn’t Magic. It’s Engineering. How I use ChatGPT like any other tool in the stack — with iteration, discernment, and real output. Read it here: https://tinyurl.com/ynv7jq6g ⚡ Zaps appreciated if it resonates. --- 🔗 View on Nostr: https://tinyurl.com/yobvaxkx

---

🧪 Where I Used It

• ✅ My LinkedIn post ->

https://www.linkedin.com/posts/andrew-g-stanton_primal-activity-7330808691933282304-QjmF?utm_source=share&utm_medium=member_desktop&rcm=ACoAAABQv18BeAPYRkxkYSr1mQStB9TczIhoXvQ

• ✅ Facebook: clean rendering with preview ->

https://www.facebook.com/andrewgstanton/posts/pfbid027EHZ1brPRBkHQKNsqUijPdPZGvK9id9asErdTxwjSDEf336o9TsuDPeKugToVDx7l

• ✅ X/Twitter: teaser + link (had to truncate for character limit) ->

https://x.com/AndyGStanton/status/1925045477172773136

---

🙌 Try It Yourself

If you're publishing on Nostr but still sharing on legacy platforms:

👉 github.com/andrewgstanton/nostr-signal-filter

• Clean output

• Easy to run

• Portable via Docker

All it needs is your npub.

---

⚡ Zap Me If You Found This Useful

If this tool saved you time — or if it sparked ideas for your own Nostr publishing stack —\ send a zap my way. I’m always looking to connect with other creators who value signal > noise.

🔗 Zap on Primal -> https://primal.net/andrewgstanton

---

🔭 Next Features (I’d Love Help With)

• Archive all notes + articles (not just the latest 50) to archive.md

• Function to shorten links in any text block

• Output post.md for any given Nostr event ID (not just latest)

• Optional API integration to post directly to LinkedIn or X

---

Built with ChatGPT’s help.\ Iterated. Published. Cross-posted.\ That’s proof of work.

@ 0e9491aa:ef2adadf

The former seems to have found solid product market fit. Expect significant volume, adoption, and usage going forward.

The latter's future remains to be seen. Dependence on Tor, which has had massive reliability issues, and lack of strong privacy guarantees put it at risk.

— ODELL (@ODELL) October 27, 2022

The Basics

• Lightning is a protocol that enables cheap and fast native bitcoin transactions.
• At the core of the protocol is the ability for bitcoin users to create a payment channel with another user.
• These payment channels enable users to make many bitcoin transactions between each other with only two on-chain bitcoin transactions: the channel open transaction and the channel close transaction.
• Essentially lightning is a protocol for interoperable batched bitcoin transactions.
• It is expected that on chain bitcoin transaction fees will increase with adoption and the ability to easily batch transactions will save users significant money.
• As these lightning transactions are processed, liquidity flows from one side of a channel to the other side, on chain transactions are signed by both parties but not broadcasted to update this balance.
• Lightning is designed to be trust minimized, either party in a payment channel can close the channel at any time and their bitcoin will be settled on chain without trusting the other party.

There is no 'Lightning Network'

• Many people refer to the aggregate of all lightning channels as 'The Lightning Network' but this is a false premise.
• There are many lightning channels between many different users and funds can flow across interconnected channels as long as there is a route through peers.
• If a lightning transaction requires multiple hops it will flow through multiple interconnected channels, adjusting the balance of all channels along the route, and paying lightning transaction fees that are set by each node on the route.

Example: You have a channel with Bob. Bob has a channel with Charlie. You can pay Charlie through your channel with Bob and Bob's channel with User C.

• As a result, it is not guaranteed that every lightning user can pay every other lightning user, they must have a route of interconnected channels between sender and receiver.

Lightning in Practice

• Lightning has already found product market fit and usage as an interconnected payment protocol between large professional custodians.
• They are able to easily manage channels and liquidity between each other without trust using this interoperable protocol.
• Lightning payments between large custodians are fast and easy. End users do not have to run their own node or manage their channels and liquidity. These payments rarely fail due to professional management of custodial nodes.
• The tradeoff is one inherent to custodians and other trusted third parties. Custodial wallets can steal funds and compromise user privacy.

Sovereign Lightning

• Trusted third parties are security holes.
• Users must run their own node and manage their own channels in order to use lightning without trusting a third party. This remains the single largest friction point for sovereign lightning usage: the mental burden of actively running a lightning node and associated liquidity management.
• Bitcoin development prioritizes node accessibility so cost to self host your own node is low but if a node is run at home or office, Tor or a VPN is recommended to mask your IP address: otherwise it is visible to the entire network and represents a privacy risk.
• This privacy risk is heightened due to the potential for certain governments to go after sovereign lightning users and compel them to shutdown their nodes. If their IP Address is exposed they are easier to target.
• Fortunately the tools to run and manage nodes continue to get easier but it is important to understand that this will always be a friction point when compared to custodial services.

The Potential Fracture of Lightning

• Any lightning user can choose which users are allowed to open channels with them.
• One potential is that professional custodians only peer with other professional custodians.
• We already see nodes like those run by CashApp only have channels open with other regulated counterparties. This could be due to performance goals, liability reduction, or regulatory pressure.

• Fortunately some of their peers are connected to non-regulated parties so payments to and from sovereign lightning users are still successfully processed by CashApp but this may not always be the case going forward.

Summary

• Many people refer to the aggregate of all lightning channels as 'The Lightning Network' but this is a false premise. There is no singular 'Lightning Network' but rather many payment channels between distinct peers, some connected with each other and some not.
• Lightning as an interoperable payment protocol between professional custodians seems to have found solid product market fit. Expect significant volume, adoption, and usage going forward.
• Lightning as a robust sovereign payment protocol has yet to be battle tested. Heavy reliance on Tor, which has had massive reliability issues, the friction of active liquidity management, significant on chain fee burden for small amounts, interactivity constraints on mobile, and lack of strong privacy guarantees put it at risk.

---

If you have never used lightning before, use this guide to get started on your phone.

---

If you found this post helpful support my work with bitcoin.

@ 6ad3e2a3:c90b7740

I’ve written about MSTR twice already, https://www.chrisliss.com/p/mstr and https://www.chrisliss.com/p/mstr-part-2, but I want to focus on legendary short seller James Chanos’ current trade wherein he buys bitcoin (via ETF) and shorts MSTR, in essence to “be like Mike” Saylor who sells MSTR shares at the market and uses them to add bitcoin to the company’s balance sheet. After all, if it’s good enough for Saylor, why shouldn’t everyone be doing it — shorting a company whose stock price is more than 2x its bitcoin holdings and using the proceeds to buy the bitcoin itself?

Saylor himself has said selling shares at 2x NAV (net asset value) to buy bitcoin is like selling dollars for two dollars each, and Chanos has apparently decided to get in while the getting (market cap more than 2x net asset value) is good. If the price of bitcoin moons, sending MSTR’s shares up, you are more than hedged in that event, too. At least that’s the theory.

The problem with this bet against MSTR’s mNAV, i.e., you are betting MSTR’s market cap will converge 1:1 toward its NAV in the short and medium term is this trade does not exist in a vacuum. Saylor has described how his ATM’s (at the market) sales of shares are accretive in BTC per share because of this very premium they carry. Yes, we’ll dilute your shares of the company, but because we’re getting you 2x the bitcoin per share, you are getting an ever smaller slice of an ever bigger overall pie, and the pie is growing 2x faster than your slice is reducing. (I https://www.chrisliss.com/p/mstr how this works in my first post.)

But for this accretion to continue, there must be a constant supply of “greater fools” to pony up for the infinitely printable shares which contain only half their value in underlying bitcoin. Yes, those shares will continue to accrete more BTC per share, but only if there are more fools willing to make this trade in the future. So will there be a constant supply of such “fools” to keep fueling MSTR’s mNAV multiple indefinitely?

Yes, there will be in my opinion because you have to look at the trade from the prospective fools’ perspective. Those “fools” are not trading bitcoin for MSTR, they are trading their dollars, selling other equities to raise them maybe, but in the end it’s a dollars for shares trade. They are not selling bitcoin for them.

You might object that those same dollars could buy bitcoin instead, so they are surely trading the opportunity cost of buying bitcoin for them, but if only 5-10 percent of the market (or less) is buying bitcoin itself, the bucket in which which those “fools” reside is the entire non-bitcoin-buying equity market. (And this is not considering the even larger debt market which Saylor has yet to tap in earnest.)

So for those 90-95 percent who do not and are not presently planning to own bitcoin itself, is buying MSTR a fool’s errand, so to speak? Not remotely. If MSTR shares are infinitely printable ATM, they are still less so than the dollar and other fiat currencies. And MSTR shares are backed 2:1 by bitcoin itself, while the fiat currencies are backed by absolutely nothing. So if you hold dollars or euros, trading them for MSTR shares is an errand more sage than foolish.

That’s why this trade (buying BTC and shorting MSTR) is so dangerous. Not only are there many people who won’t buy BTC buying MSTR, there are many funds and other investment entities who are only able to buy MSTR.

Do you want to get BTC at 1:1 with the 5-10 percent or MSTR backed 2:1 with the 90-95 percent. This is a bit like medical tests that have a 95 percent accuracy rate for an asymptomatic disease that only one percent of the population has. If someone tests positive, it’s more likely to be a false one than an indication he has the disease*. The accuracy rate, even at 19:1, is subservient to the size of the respective populations.

At some point this will no longer be the case, but so long as the understanding of bitcoin is not widespread, so long as the dollar is still the unit of account, the “greater fools” buying MSTR are still miles ahead of the greatest fools buying neither, and the stock price and mNAV should only increase.

. . .

One other thought: it’s more work to play defense than offense because the person on offense knows where he’s going, and the defender can only react to him once he moves. Similarly, Saylor by virtue of being the issuer of the shares knows when more will come online while Chanos and other short sellers are borrowing them to sell in reaction to Saylor’s strategy. At any given moment, Saylor can pause anytime, choosing to issue convertible debt or preferred shares with which to buy more bitcoin, and the shorts will not be given advance notice.

If the price runs, and there is no ATM that week because Saylor has stopped on a dime, so to speak, the shorts will be left having to scramble to change directions and buy the shares back to cover. Their momentum might be in the wrong direction, though, and like Allen Iverson breaking ankles with a crossover, Saylor might trigger a massive short squeeze, rocketing the share price ever higher. That’s why he actually welcomes Chanos et al trying this copycat strategy — it becomes the fuel for outsized gains.

For that reason, news that Chanos is shorting MSTR has not shaken my conviction, though there are other more pertinent https://www.chrisliss.com/p/mstr-part-2 with MSTR, of which one should be aware. And as always, do your own due diligence before investing in anything.

* To understand this, consider a population of 100,000, with one percent having a disease. That means 1,000 have it, 99,000 do not. If the test is 95 percent accurate, and everyone is tested, 950 of the 1,000 will test positive (true positives), 50 who have it will test negative (false negatives.) Of the positives, 95 percent of 99,000 (94,050) will test negative (true negatives) and five percent (4,950) will test positive (false positives). That means 4,950 out of 5,900 positives (84%) will be false.

@ 0e9491aa:ef2adadf

---

"Privacy is necessary for an open society in the electronic age. Privacy is not secrecy.  A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world." - Eric Hughes, A Cypherpunk's Manifesto, 1993

---

Privacy is essential to freedom. Without privacy, individuals are unable to make choices free from surveillance and control. Lack of privacy leads to loss of autonomy. When individuals are constantly monitored it limits our ability to express ourselves and take risks. Any decisions we make can result in negative repercussions from those who surveil us. Without the freedom to make choices, individuals cannot truly be free.

Freedom is essential to acquiring and preserving wealth. When individuals are not free to make choices, restrictions and limitations prevent us from economic opportunities. If we are somehow able to acquire wealth in such an environment, lack of freedom can result in direct asset seizure by governments or other malicious entities. At scale, when freedom is compromised, it leads to widespread economic stagnation and poverty. Protecting freedom is essential to economic prosperity.

The connection between privacy, freedom, and wealth is critical. Without privacy, individuals lose the freedom to make choices free from surveillance and control. While lack of freedom prevents individuals from pursuing economic opportunities and makes wealth preservation nearly impossible. No Privacy? No Freedom. No Freedom? No Wealth.

Rights are not granted. They are taken and defended. Rights are often misunderstood as permission to do something by those holding power. However, if someone can give you something, they can inherently take it from you at will. People throughout history have necessarily fought for basic rights, including privacy and freedom. These rights were not given by those in power, but rather demanded and won through struggle. Even after these rights are won, they must be continually defended to ensure that they are not taken away. Rights are not granted - they are earned through struggle and defended through sacrifice.

---

If you found this post helpful support my work with bitcoin.

@ 9ca447d2:fbf5a36d

May 13, 2025 – We are proud to announce that My First Bitcoin has received a $1 million grant from #startsmall. With this financial support from Jack Dorsey’s philanthropic initiative, we will continue to serve grassroots Bitcoin education initiatives worldwide.

This grant accelerates our work in the creation and distribution of free and open-source Bitcoin education materials and infrastructure.

It will not only help us improve existing resources, such as the Bitcoin Diploma, Bitcoin Intro Course, and teacher training workshops, but also to scale our digital platforms like our Online School and Community Hub. 

As a non-profit, founded in 2021, we have grown from a local project into a global movement. Besides creating curricula and frameworks, our team has directly taught tens of thousands of in-person students, as we workshop and refine our materials based on real world feedback.

In 2023, we launched the Independent Bitcoin Educators Node Network, providing a space for others to join us on our mission. The network spans 65+ projects from 35+ countries, including circular economies, meetup organizers and other grassroots projects.

All commit to the same six pillars: that their education is independent, impartial, community-led, Bitcoin-only, quality, and focused on empowerment over profit.

While we support that network, it is now self-governing. We always seek to give power-to, rather than have power-over.

John Dennehy, founder and Executive Director of My First Bitcoin, explains:

“The revolution of Bitcoin education is that it teaches students HOW to think, not WHAT to think. Funding from sources with their own incentives is the greatest vulnerability that threatens that. Education will be captured by whoever funds it.

“We will never take any government money and frequently turn down funding from corporations and companies. The subtle influence of funding has ruined fiat education and we need to create alternative models for the revolution of Bitcoin education to realize its full potential.”

Funding for Bitcoin education must be transparent.

This grant is a huge win for all of us. For Bitcoin itself, but even more for Independent Bitcoin Education as a whole. It enables us to serve the global community better than ever before. It shows everyone what can be achieved if you stay close to your values.

“My First Bitcoin is a proof-of-concept for all independent Bitcoin educators that if you stay on the mission, even when it’s challenging, then you will come out the other side even stronger,” added Dennehy.

Arnold Hubach, Director of Communications of My First Bitcoin, continued:

“Open source money deserves open source education. Over the past few years, we’ve seen growing demand for our resources around the world, and we remain committed to serving everyone in the Bitcoin space who needs support.

“This funding enables us to plan further into the future and continue being the first-stop provider of free educational tools.”

We’re grateful to #startsmall for believing in our mission and for understanding that Bitcoin education should always be free from external influence. We’re also grateful to the community for helping us arrive at this point where we are ready to receive such a grant.

You lead us to where we are today. You have been our primary funding source. You will continue to lead us forward.

We will always serve the community.

We’re also grateful for our amazing team and their proof of work. The grant will accelerate the work that they are already doing, such as curricula development, teacher training programs, the expansion of the global network, building online platforms, and providing in-person classes.

We will continue to lead by example, we will continue to push the limits, and we will continue to reimagine what’s possible.

We do not seek to please power in this world, we seek to create a proof-of-concept for a better one where the individual is empowered and able to think critically.

If you are an educator in need of tools or infrastructure; please contact us.

If you can help us continue to build out these tools and maintain this growing global movement; please contact us.

If you are aligned with our mission and are a supporter of independent Bitcoin education, please donate.

We work for the public. In public.

@ 57d1a264:69f1fee1

Deliberate (?) trade-offs we make for the sake of output speed.

... By sacrificing depth in my learning, I can produce substantially more work. I’m unsure if I’m at the correct balance between output quantity and depth of learning. This uncertainty is mainly fueled by a sense of urgency due to rapidly improving AI models. I don’t have time to learn everything deeply. I love learning, but given current trends, I want to maximize immediate output. I’m sacrificing some learning in classes for more time doing outside work. From a teacher’s perspective, this is obviously bad, but from my subjective standpoint, it’s unclear.

Finding the balance between learning and productivity. By trade, one cannot be productive in specific areas without first acquire the knowledge to define the processes needed to deliver. Designing the process often come on a try and fail dynamic that force us to learn from previous mistakes.

I found this little journal story fun but also little sad. Vincent's realization, one of us trading his learnings to be more productive, asking what is productivity without quality assurance?

Inevitably, parts of my brain will degenerate and fade away, so I need to consciously decide what I want to preserve or my entire brain will be gone. What skills am I NOT okay with offloading? What do I want to do myself?

Read Vincent's journal https://vvvincent.me/llms-are-making-me-dumber/

https://stacker.news/items/984361

@ eb0157af:77ab6c55

A Chinese printer company inadvertently distributed malware that steals Bitcoin through its official drivers, resulting in the theft of over $950,000.

According to local media outlet Landian News, a Chinese printer manufacturer was found to have unknowingly distributed malware designed to steal Bitcoin through its official device drivers.

Procolored, a Shenzhen-based printer company, distributed malware capable of stealing Bitcoin alongside the official drivers for its devices. The company reportedly used USB devices to spread infected drivers and uploaded the compromised software to globally accessible cloud storage services.

Crypto security and compliance firm SlowMist explained how the malware works in a post on X:

The official driver provided by this printer carries a backdoor program. It will hijack the wallet address in the user's clipboard and replace it with the attacker's address: 1BQZKqdp2CV3QV5nUEsqSg1ygegLmqRygj

According to @MistTrack_io, the attacker has stolen 9.3086… https://t.co/DHCkEpHhuH pic.twitter.com/W1AnUpswLU

— MistTrack (@MistTrack_io) May 19, 2025

The consequences of the breach have been significant, with a total of 9.3 BTC stolen — equivalent to over $950,000.

The issue was first flagged by YouTuber Cameron Coward, whose antivirus software detected malware in the drivers during a test of a Procolored UV printer. The software identified both a worm and a trojan virus named Foxif.

When contacted, Procolored denied the accusations, dismissing the antivirus warning as a false positive. Coward then turned to Reddit, where he shared the issue with cybersecurity professionals, drawing the attention of security firm G Data.

G Data’s investigation revealed that most of Procolored’s drivers were hosted on the MEGA file-sharing platform, with uploads dating back to October 2023. Their analysis confirmed the presence of two separate malware strains: the Win32.Backdoor.XRedRAT.A backdoor and a crypto-stealer designed to replace clipboard wallet addresses with those controlled by the attacker.

G Data reached out to Procolored, which stated that it had removed the infected drivers from its storage as of May 8 and had re-scanned all files. The company attributed the malware to a supply chain compromise, saying the malicious files were introduced via infected USB devices before being uploaded online.

Landian News recommended that users who downloaded Procolored drivers in the past six months “immediately run a full system scan using antivirus software.” However, given that antivirus tools are not always reliable, the Chinese media outlet suggested that a full system reset is the safest option when in doubt.

The post Bitcoin malware discovered: Chinese printer manufacturer involved appeared first on Atlas21.

@ eb0157af:77ab6c55

According to the ECB Executive Board member, the launch of the digital euro depends on the timing of the EU regulation.

The European Central Bank (ECB) is making progress in preparing for the digital euro. According to Piero Cipollone, ECB Executive Board member and coordinator of the project, the technical phase “is proceeding quickly and on schedule,” but moving to operational implementation still requires political approval of the regulation at the European level.

Speaking at the ‘Voices on the Future’ event organized by Ansa and Asvis, Cipollone outlined a possible timeline:

“If the regulation is approved at the start of 2026 — in the best-case scenario for the European legislative process — we could see the first transactions with the digital euro by mid-2028.”

Cipollone also highlighted Europe’s current dependence on electronic payment systems managed by non-European companies:

“Today in Europe, whenever we don’t use cash, any transaction online or at the supermarket has to go through credit cards, with their fees. The payment system relies on companies that aren’t based in Europe. You can see why it would make sense to have a system fully under our control.”

For the ECB board member, the digital euro would act as a direct alternative to cash in the digital world, working like “a banknote you can spend anywhere in Europe for any purpose.”

The digital euro project is part of the ECB’s broader strategy to strengthen the independence of Europe’s financial system. According to Cipollone and the Central Bank, Europe’s digital currency would be a key step toward greater autonomy in electronic payments, reducing reliance on infrastructure and services outside the European Union.

The post ECB: digital euro by mid-2028, says Cipollone appeared first on Atlas21.

@ b83a28b7:35919450

This article was originally part of the sermon of Plebchain Radio Episode 111 (May 2, 2025) that nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpqtvqc82mv8cezhax5r34n4muc2c4pgjz8kaye2smj032nngg52clq7fgefr and I did with nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7ct4w35zumn0wd68yvfwvdhk6tcqyzx4h2fv3n9r6hrnjtcrjw43t0g0cmmrgvjmg525rc8hexkxc0kd2rhtk62 and nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpq4wxtsrj7g2jugh70pfkzjln43vgn4p7655pgky9j9w9d75u465pqahkzd0 of the nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyqwfvwrccp4j2xsuuvkwg0y6a20637t6f4cc5zzjkx030dkztt7t5hydajn

Listen to the full episode here:

<<https://fountain.fm/episode/Ln9Ej0zCZ5dEwfo8w2Ho>>

---

Bitcoin has always been a narrative revolution disguised as code. White paper, cypherpunk lore, pizza‑day legends - every block is a paragraph in the world’s most relentless epic. But code alone rarely converts the skeptic; it’s the camp‑fire myth that slips past the prefrontal cortex and shakes hands with the limbic system. People don’t adopt protocols first - they fall in love with protagonists.

Early adopters heard the white‑paper hymn, but most folks need characters first: a pizza‑day dreamer; a mother in a small country, crushed by the cost of remittance; a Warsaw street vendor swapping złoty for sats. When their arcs land, the brain releases a neurochemical OP_RETURN which says, “I belong in this plot.” That’s the sly roundabout orange pill: conviction smuggled inside catharsis.

That’s why, from 22–25 May in Warsaw’s Kinoteka, the Bitcoin Film Fest is loading its reels with rebellion. Each documentary, drama, and animated rabbit‑hole is a stealth wallet, zipping conviction straight into the feels of anyone still clasped within the cold claw of fiat. You come for the plot, you leave checking block heights.

---

Here's the clip of the sermon from the episode:

nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqqsy43fwz8es2wnn65rh0udc05tumdnx5xagvzd88ptncspmesdqhygcrvpf2

@ 04c915da:3dfbecc9

Bitcoin has always been rooted in freedom and resistance to authority. I get that many of you are conflicted about the US Government stacking but by design we cannot stop anyone from using bitcoin. Many have asked me for my thoughts on the matter, so let’s rip it.

Concern

One of the most glaring issues with the strategic bitcoin reserve is its foundation, built on stolen bitcoin. For those of us who value private property this is an obvious betrayal of our core principles. Rather than proof of work, the bitcoin that seeds this reserve has been taken by force. The US Government should return the bitcoin stolen from Bitfinex and the Silk Road.

Using stolen bitcoin for the reserve creates a perverse incentive. If governments see bitcoin as a valuable asset, they will ramp up efforts to confiscate more bitcoin. The precedent is a major concern, and I stand strongly against it, but it should be also noted that governments were already seizing coin before the reserve so this is not really a change in policy.

Ideally all seized bitcoin should be burned, by law. This would align incentives properly and make it less likely for the government to actively increase coin seizures. Due to the truly scarce properties of bitcoin, all burned bitcoin helps existing holders through increased purchasing power regardless. This change would be unlikely but those of us in policy circles should push for it regardless. It would be best case scenario for American bitcoiners and would create a strong foundation for the next century of American leadership.

Optimism

The entire point of bitcoin is that we can spend or save it without permission. That said, it is a massive benefit to not have one of the strongest governments in human history actively trying to ruin our lives.

Since the beginning, bitcoiners have faced horrible regulatory trends. KYC, surveillance, and legal cases have made using bitcoin and building bitcoin businesses incredibly difficult. It is incredibly important to note that over the past year that trend has reversed for the first time in a decade. A strategic bitcoin reserve is a key driver of this shift. By holding bitcoin, the strongest government in the world has signaled that it is not just a fringe technology but rather truly valuable, legitimate, and worth stacking.

This alignment of incentives changes everything. The US Government stacking proves bitcoin’s worth. The resulting purchasing power appreciation helps all of us who are holding coin and as bitcoin succeeds our government receives direct benefit. A beautiful positive feedback loop.

Realism

We are trending in the right direction. A strategic bitcoin reserve is a sign that the state sees bitcoin as an asset worth embracing rather than destroying. That said, there is a lot of work left to be done. We cannot be lulled into complacency, the time to push forward is now, and we cannot take our foot off the gas. We have a seat at the table for the first time ever. Let's make it worth it.

We must protect the right to free usage of bitcoin and other digital technologies. Freedom in the digital age must be taken and defended, through both technical and political avenues. Multiple privacy focused developers are facing long jail sentences for building tools that protect our freedom. These cases are not just legal battles. They are attacks on the soul of bitcoin. We need to rally behind them, fight for their freedom, and ensure the ethos of bitcoin survives this new era of government interest. The strategic reserve is a step in the right direction, but it is up to us to hold the line and shape the future.

@ 57d1a264:69f1fee1

Digital Psychology ↗

Wall of impact website showcase a collection of success metrics and micro case studies to create a clear, impactful visual of your brand's achievements. It also displays a Wall of love with an abundance of testimonials in one place, letting the sheer volume highlight your brand's popularity and customer satisfaction.

And like these, many others collections like Testimonial mashup that combine multiple testimonials into a fast-paced, engaging reel that highlights key moments of impact in an attention-grabbing format.

Awards and certifications of websites highlighting third-party ratings and verification to signal trust and quality through industry-recognized achievements and standards.

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https://stacker.news/items/984357

@ 8bad92c3:ca714aa5

Key Takeaways

In this episode of TFTC, energy economist Anas Alhajji outlines a profound shift in U.S. foreign policy under Trump—away from military intervention and toward transactional diplomacy focused on trade, reconstruction, and curbing Chinese and Russian influence in the Middle East. He highlights Trump’s quiet outreach to Syria as emblematic of the U.S.'s strategic flexibility in legitimizing former adversaries when economically beneficial. Alhajji dismisses BRICS as a fractured bloc incapable of rivaling the U.S.-led order and insists the dollar and petrodollar remain dominant. On energy, he warns that despite favorable fundamentals, prices are suppressed by political confusion, underinvestment, and an aging power grid ill-prepared for the AI and urbanization boom. He also contends that Iran is stalling negotiations to buy time for nuclear advancement and that any deal will be superficial. Finally, Alhajji debunks the myth of Trump being pro-oil, noting his long-standing hostility toward the industry and explaining why a repeat of his past energy boom is implausible given today’s financial and structural constraints.

Best Quotes

• “BRICS is a paper tiger. Everything about BRICS is what China does—and that’s it.”
• “The dollar is here to stay. The petrodollar is here to stay. End of story.”
• “Trump hates the oil industry. He always classified it as an enemy.”
• “Energy projects are 30- to 40-year investments, but politicians think in 4-year cycles. That’s where the disconnect lies.”
• “People think shale will boom again. It won’t. The model changed from ‘drill baby drill’ to ‘control baby control.’”
• “The real story of Trump’s trip wasn’t about politics—it was investment, investment, investment.”
• “Without massive investment in the grid and gas turbines, blackouts will become the norm—even in rich countries like Kuwait.”
• “Iran and China have perfected the game of oil exports. Sanctions are just theater at this point.”

Conclusion

Anas Alhajji’s conclusion challenges conventional narratives, arguing that global power is shifting from military dominance to economic leverage, infrastructure investment, and energy control. He presents a nuanced view of U.S. foreign policy under Trump, emphasizing the strategic importance of trade and reconstruction over regime change. As energy demand soars and geopolitical risks mount, Alhajji warns that the real dangers lie not in foreign adversaries, but in policy confusion, infrastructural lag, and complacency—making this episode a crucial listen for anyone seeking to understand the high-stakes intersection of energy, economics, and diplomacy.

Timestamps

0:00 - Intro
0:48 - Syria and US diplomacy in Middle East
12:50 - Trump in the Middle East
18:12 - Fold & Bitkey
19:48 - Iran - Nuclear program and PR
33:53 - Unchained
34:22 - Crude markets, trade war and US debt
54:28 - Trump's energy stance
1:05:46 - Energy sector challanges
1:14:44 - Policy recommendations
1:21:18 - AI and bitcoin

Transcript

(00:00) oil prices market fundamentals support higher price than where we are today. But because of this confusion, everyone is scared of low economic growth and that is a serious problem. The US media ignored part of Trump's speech when he said we are not about nation building and they refer to Afghanistan and Iraq.
(00:15) Look at them. This is a criticism of George W. Bush. We have groups that are talking about the demise of the dollar, the rise of bricks. Bricks is a paper tiger. Everything about bricks is what China does and that's it. The dollar is here to stay and the petro dollar is here to stay.
(00:31) The perception is that the Trump administration is cold but the reality Trump hates the oil [Music] indust. How are you? Very good. Very good. Thank you. As you were telling me, you've been a bit sleepd deprived this week trying to keep up with what's going on. Oh, absolutely. I mean, Trump keeps us on our toes uh all the time.
(01:06) In fact, I plan certain things for the weekend and Trump will say something or he will do something and all of a sudden we get busy again. Uh so clients are not going to wait for you until you finish your work. Basically, they want to know what's going on. So what is going on? What what how profound were the events in the Middle East? These are very uh very profound changes basically because it is very clear that if you look at the last 15 years uh and you look at the growth uh in the Middle East, you look at the growth of Saudi Arabia and uh the
(01:41) role of Turkey for example in the region uh it just just amazing be beyond any uh any thoughts. Uh in fact both of them Turkey and Saudi Arabia are part of the G20. Uh so they have economic influence and they have political influence. And of course the icing on the cake for those who are familiar with the region is to recognize the Syrian government and meet with the Syrian uh president.
(02:11) Uh this is a major a major change in economics and politics uh of the Middle East. Let's touch on that Syria uh topic for a while because I think a lot of people here in the United States were a bit shocked at how sort of welcoming President Trump was towards the new Syrian president considering the fact that uh he was considered an enemy not too long ago here in the United States.
(02:42) What first of all it's a fact of life for those who would like to check the history of politics. There were many people around the world who were classified or they were on the terrorism list and then they became friends of the United States or they were became heroes. I mean Nelson Mandela is one of them. You look at Latin America, there are presidents in Latin America who were uh the enemy of the United States and then they became uh uh cooperative with the United States and the United States recognized their governments and the result of their uh elections. Uh so
(03:15) we've seen this historically uh several uh several times around the world and as they say freedom fighters for some basically are the enemies and the terrorists for for others etc. So uh what we've seen that's why the the visit is very important that the recognition of this government is very important. uh the fact on the ground that uh the president of Syria had the power on the ground uh he had the the the people on the ground and he had the control on the ground and whatever he's been he's been doing since he came into power until now
(03:52) he done all the right steps u and people loved him I mean everyone who went to Syria whether the Syrians who left Syria 40 years ago or uh the visitors who are coming to Syria, they will tell you, "We have never seen the Syrian people as happy as we've seen them today, despite the fact that they they live in misery.
(04:17) They don't have um 8 million people without housing. Uh there is barely any electricity in most of the country. There is no internet. There is barely any food. The uh inflation is rampant, etc. But people are happy because they lived in fear for a very long time. And uh the steps they have taken. For example, the uh ministers in the previous government uh are still there and they are still in the housing of the government.
(04:49) They still have the drivers. They still have the cars from the previous government. They still have it until today. So uh they they were classified as enemies before. But all of a sudden now you have a new government that is uh accepting them. Uh so we we see some changes on the ground that are positive and we'll see how these things will go given that the area around them basically has been unstable for a very long time.
(05:17) how because I don't the the news when I was actually it was surreal for me because my first trip to the Middle East was last December when it was literally f flying over Syria to Abu Dhabi when uh um Assad was getting thrown out and it was pretty surreal to be in that region of the world.
(05:43) How as it pertains to like religious minorities within Syria moving forward is there protractions protections there? Um well let me just uh I want to emphasize one point that is very important. What did the interest of Turkey, Saudi Arabia and the United States in Syria if remember Syria was controlled by Iran and was controlled by the Russians.
(06:09) So in a sense it becomes uh kind of an imperative that taking it away from Iran and Russia and not bringing Iran or Russia back is extremely important. Now the Russians are still there and they have their own base but at least they are not bombing the Syrians and not killing them anymore. But the idea here is taking Syria out of Iran and Russia and probably later on if they kick the Russians out, Russians will not have access to the Mediterranean.
(06:37) Uh so there is an interest uh of all parties basically to take Russia out of Iran and um out of uh Syria regardless the country is uh devastated and it creates massive opportunities for US companies on all levels and uh we've seen a contract uh done recently with you mentioned Abu Dhabi uh uh a contract uh uh with the UA a basically to revamp all the Syrian ports and work on the Syrian ports.
(07:13) Uh so such contracts basically uh when you have a country that has nothing and it's completely devastated the whole infrastructure is devastated. Who is going to build it? If the uh what the Chinese, the Russians, so who who are going to build it? So, uh I think there is a a big room for US companies and others basically to come in and uh literally help on one side and make money on the other.
(07:38) Yeah, I think that that's what I'm trying to discern. What was this convoy from the United States to the Middle East this week signali

@ 04c915da:3dfbecc9

Recently we have seen a wave of high profile X accounts hacked. These attacks have exposed the fragility of the status quo security model used by modern social media platforms like X. Many users have asked if nostr fixes this, so lets dive in. How do these types of attacks translate into the world of nostr apps? For clarity, I will use X’s security model as representative of most big tech social platforms and compare it to nostr.

The Status Quo

On X, you never have full control of your account. Ultimately to use it requires permission from the company. They can suspend your account or limit your distribution. Theoretically they can even post from your account at will. An X account is tied to an email and password. Users can also opt into two factor authentication, which adds an extra layer of protection, a login code generated by an app. In theory, this setup works well, but it places a heavy burden on users. You need to create a strong, unique password and safeguard it. You also need to ensure your email account and phone number remain secure, as attackers can exploit these to reset your credentials and take over your account. Even if you do everything responsibly, there is another weak link in X infrastructure itself. The platform’s infrastructure allows accounts to be reset through its backend. This could happen maliciously by an employee or through an external attacker who compromises X’s backend. When an account is compromised, the legitimate user often gets locked out, unable to post or regain control without contacting X’s support team. That process can be slow, frustrating, and sometimes fruitless if support denies the request or cannot verify your identity. Often times support will require users to provide identification info in order to regain access, which represents a privacy risk. The centralized nature of X means you are ultimately at the mercy of the company’s systems and staff.

Nostr Requires Responsibility

Nostr flips this model radically. Users do not need permission from a company to access their account, they can generate as many accounts as they want, and cannot be easily censored. The key tradeoff here is that users have to take complete responsibility for their security. Instead of relying on a username, password, and corporate servers, nostr uses a private key as the sole credential for your account. Users generate this key and it is their responsibility to keep it safe. As long as you have your key, you can post. If someone else gets it, they can post too. It is that simple. This design has strong implications. Unlike X, there is no backend reset option. If your key is compromised or lost, there is no customer support to call. In a compromise scenario, both you and the attacker can post from the account simultaneously. Neither can lock the other out, since nostr relays simply accept whatever is signed with a valid key.

The benefit? No reliance on proprietary corporate infrastructure.. The negative? Security rests entirely on how well you protect your key.

Future Nostr Security Improvements

For many users, nostr’s standard security model, storing a private key on a phone with an encrypted cloud backup, will likely be sufficient. It is simple and reasonably secure. That said, nostr’s strength lies in its flexibility as an open protocol. Users will be able to choose between a range of security models, balancing convenience and protection based on need.

One promising option is a web of trust model for key rotation. Imagine pre-selecting a group of trusted friends. If your account is compromised, these people could collectively sign an event announcing the compromise to the network and designate a new key as your legitimate one. Apps could handle this process seamlessly in the background, notifying followers of the switch without much user interaction. This could become a popular choice for average users, but it is not without tradeoffs. It requires trust in your chosen web of trust, which might not suit power users or large organizations. It also has the issue that some apps may not recognize the key rotation properly and followers might get confused about which account is “real.”

For those needing higher security, there is the option of multisig using FROST (Flexible Round-Optimized Schnorr Threshold). In this setup, multiple keys must sign off on every action, including posting and updating a profile. A hacker with just one key could not do anything. This is likely overkill for most users due to complexity and inconvenience, but it could be a game changer for large organizations, companies, and governments. Imagine the White House nostr account requiring signatures from multiple people before a post goes live, that would be much more secure than the status quo big tech model.

Another option are hardware signers, similar to bitcoin hardware wallets. Private keys are kept on secure, offline devices, separate from the internet connected phone or computer you use to broadcast events. This drastically reduces the risk of remote hacks, as private keys never touches the internet. It can be used in combination with multisig setups for extra protection. This setup is much less convenient and probably overkill for most but could be ideal for governments, companies, or other high profile accounts.

---

Nostr’s security model is not perfect but is robust and versatile. Ultimately users are in control and security is their responsibility. Apps will give users multiple options to choose from and users will choose what best fits their need.

@ 90152b7f:04e57401

WikiLeaks The Global Intelligence Files

Released on 2013-03-04 00:00 GMT

| Email-ID | 296467 | | -------- | ------------------------ | | Date | 2007-10-29 20:54:22 | | From | hrwpress@hrw.org | | To | responses@stratfor.com |

Gaza: Israel's Fuel and Power Cuts Violate Laws of War\ \ For Immediate Release\ \ Gaza: Israel's Fuel and Power Cuts Violate Laws of War\ \ Civilians Should Not Be Penalized for Rocket Attacks by Armed Groups\ \ (New York, October 29, 2007) - Israel's decision to limit fuel and\ electricity to the Gaza Strip in retaliation for unlawful rocket attacks\ by armed groups amounts to collective punishment against the civilian\ population of Gaza, in violation of international law, and will worsen the\ humanitarian crisis there, Human Rights Watch said today.\ \ "Israel may respond to rocket attacks by armed groups to protect its\ population, but only in lawful ways," said Sarah Leah Whitson, director of\ Human Rights Watch's Middle East division. "Because Israel remains an\ occupying power, in light of its continuing restrictions on Gaza, Israel\ must not take measures that harm the civilian population - yet that is\ precisely what cutting fuel or electricity for even short periods will\ do."\ \ On Sunday, the Israeli Defense Ministry ordered the reduction of fuel\ shipments from Israel to Gaza. A government spokesman said the plan was to\ cut the amount of fuel by 5 to 11 percent without affecting the supply of\ industrial fuel for Gaza's only power plant.\ \ According to Palestinian officials, fuel shipments into Gaza yesterday\ fell by more than 30 percent.\ \ In response to the government's decision, a group of 10 Palestinian and\ Israeli human rights groups petitioned the Israeli Supreme Court on\ Sunday, seeking an immediate injunction against the fuel and electricity\ cuts. The court gave the government five days to respond but did not issue\ a temporary injunction. On Monday, the groups requested an urgent hearing\ before the five days expire.\ \ Last Thursday, Defense Minister Ehud Barak approved cutting electricity to\ Gaza for increasing periods in response to ongoing rocket attacks against\ civilian areas in Israel, but the government has not yet implemented the\ order.\ \ The rockets fired by Palestinian armed groups violate the international\ legal prohibition on indiscriminate attacks because they are highly\ inaccurate and cannot be directed at a specific target. Because Hamas\ exercises power inside Gaza, it is responsible for stopping indiscriminate\ attacks even when carried out by other groups, Human Rights Watch said.\ \ On Friday, Israeli Prime Minister Ehud Olmert said that Israel would\ respond strongly to the ongoing attacks without allowing a humanitarian\ crisis. But the UN's top humanitarian official, UN Deputy\ Secretary-General John Holmes, said that a "serious humanitarian crisis"\ in Gaza already exists, and called on Israel to lift the economic blockade\ that it tightened after Hamas seized power in June.\ \ Israel's decision to cut fuel and electricity is the latest move aimed\ ostensibly against Hamas that is affecting the entire population of Gaza.\ In September, the Israeli cabinet declared Gaza "hostile territory" and\ voted to "restrict the passage of various goods to the Gaza Strip and\ reduce the supply of fuel and electricity." Since then, Israel has\ increasingly blocked supplies into Gaza, letting in limited amounts of\ essential foodstuffs, medicine and humanitarian supplies. According to\ Holmes, the number of humanitarian convoys entering Gaza had dropped to\ 1,500 in September from 3,000 in July.\ \ "Cutting fuel and electricity obstructs vital services," Whitson said.\ "Operating rooms, sewage pumps, and water well pumps all need electricity\ to run."\ \ Israel sells to Gaza roughly 60 percent of the electricity consumed by the\ territory's 1.5 million inhabitants. In June 2006, six Israeli missiles\ struck Gaza's only power plant; today, for most residents, electricity is\ available during only limited hours.\ \ Israeli officials said they would cut electricity for 15 minutes after\ each rocket attack and then for increasingly longer periods if the attacks\ persist. Deputy Defense Minister Matan Vilnai said Israel would\ "dramatically reduce" the power it supplied to Gaza over a period of\ weeks.\ \ Cutting fuel or electricity to the civilian population violates a basic\ principle of international humanitarian law, or the laws of war, which\ prohibit a government that has effective control over a territory from\ attacking or withholding objects that are essential to the survival of the\ civilian population. Such an act would also violate Israel's duty as an\ occupying power to safeguard the health and welfare of the population\ under occupation.\ \ Israel withdrew its military forces and settlers from the Gaza Strip in\ 2005. Nonetheless, Israel remains responsible for ensuring the well-being\ of Gaza's population for as long as, and to the extent that, it retains\ effective control over the area. Israel still exercises control over\ Gaza's airspace, sea space and land borders, as well as its electricity,\ water, sewage and telecommunications networks and population registry.\ Israel can and has also reentered Gaza for security operations at will.\ \ Israeli officials state that by declaring Gaza "hostile territory," it is\ no longer obliged under international law to supply utilities to the\ civilian population, but that is a misstatement of the law.\ \ "A mere declaration does not change the facts on the ground that impose on\ Israel the status and obligations of an occupying power," said Whitson.\ \ For more information, please contact:\ \ In New York, Fred Abrahams (English, German): +1-917-385-7333 (mobile)\ \ In Washington, DC, Joe Stork (English): +1-202-299-4925 (mobile)\ \ In Cairo, Gasser Abdel-Razek (Arabic, English): +20-2-2-794-5036 (mobile);\ or +20-10-502-9999 (mobile)

@ 90152b7f:04e57401

WikiLeaks The Global Intelligence Files

Released on 2013-03-11 00:00 GMT

| Email-ID | 364528 | | -------- | --------------------------- | | Date | 2007-09-20 03:02:09 | | From | os@stratfor.com | | To | intelligence@stratfor.com |

Rice, Israeli FM discuss Israeli decision of defining Gaza as "hostile\ entity"\ 2007-09-20 00:41:16\ http://news.xinhuanet.com/english/2007-09/20/content_6756959.htm\ \ JERUSALEM, Sept. 19 (Xinhua) -- Visiting U.S. Secretary of State\ Condoleezza Rice met with Israeli Foreign Minister Tzipi Livni on\ Wednesday, the two discussed Israel's decision that defined the Hamas-\ controlled Gaza Strip as a "hostile entity."\ \ At a joint press conference held after their meeting, Rice told the\ reporters that the Palestinian Hamas is a "hostile entity" to U.S. as well.\ \ Israel's Security Cabinet declared the Gaza Strip a "hostile entity" on\ Wednesday ahead of Rice's visit and said it would cutoff power and fuel\ supplies to the strip.\ \ Gaza's population, largely impoverished, is almost entirely\ dependent on Israel for the supply of electricity, water and fuel, and a\ cutoff would deepen their hardship.\ \ Since the Hamas takeover in June, Israel has closed crossings with\ Gaza almost entirely, allowing in only humanitarian aid. However, Rice\ reiterated that the United States will not abandon the innocent\ Palestinians in Gaza.\ \ For her part, Livni said that Israel withdrew from the Gaza Strip\ two years ago, hoping that could lead to the establishment of a\ Palestinian state, but only get almost daily rocket attacks in return.\ \ "We expect the Palestinians to understand that Israeli security is\ in their own interests," Livni said, adding that Palestinians must\ understand "supporting Hamas won't help them."\ \ The Israeli Security Cabinet's declaration of Gaza as an "hostile\ entity" could lead to the most severe retaliatory measure taken by\ Israel against Palestinian rocket fire from the strip.\ \ The crude rocket attacks have killed 12 people in southern Israel in\ the past seven years, injured dozens more and badly disrupted daily life\ in the region.\ \ Last week, a Qassam rocket hit an Israeli military base near the\ Gaza Strip, wounding over 60 soldiers in the attack. The attack then\ sparked calls for the government to take harsh response against the Gaza\ Strip, which has been under the control of Hamas since it violently took\ over the enclave in mid June.\ \ The Jewish states has been holding Hamas responsible for the attack,\ although the movement has not been directly involved in the attacks.\ Israel still accused the Islamic movement of doing little to halt them.\ \ Apart from the Palestinian issue, Rice also discussed with Livni\ issues about Iran, Lebanon and the Middle East peace progress.\ \ She said Israel and the Palestinians are showing good faith in their\ negotiations towards a "two state solution."\ \ Regarding Iranian issues, Rice told reporters that diplomatic mean\ is a part of efforts to halt the Iranian nuclear program, but stressed\ it "has to have teeth."\ \ Rice, who had visited this region in August, is also expected to\ hold separate meetings on Wednesday with Israeli Defense Minister Ehud\ Barak and the Likud party head Binyamin Netanyahu.\ \ She will then hold a dinner meeting with Israeli Prime Minister Ehud\ Olmert.\ \ Rice is scheduled to leave here Thursday afternoon and visit the\ West Bank city of Ramallah for meetings with the Palestinian leadership\ on Thursday.

@ 04c915da:3dfbecc9

In much of the world, it is incredibly difficult to access U.S. dollars. Local currencies are often poorly managed and riddled with corruption. Billions of people demand a more reliable alternative. While the dollar has its own issues of corruption and mismanagement, it is widely regarded as superior to the fiat currencies it competes with globally. As a result, Tether has found massive success providing low cost, low friction access to dollars. Tether claims 400 million total users, is on track to add 200 million more this year, processes 8.1 million transactions daily, and facilitates $29 billion in daily transfers. Furthermore, their estimates suggest nearly 40% of users rely on it as a savings tool rather than just a transactional currency.

Tether’s rise has made the company a financial juggernaut. Last year alone, Tether raked in over $13 billion in profit, with a lean team of less than 100 employees. Their business model is elegantly simple: hold U.S. Treasuries and collect the interest. With over $113 billion in Treasuries, Tether has turned a straightforward concept into a profit machine.

Tether’s success has resulted in many competitors eager to claim a piece of the pie. This has triggered a massive venture capital grift cycle in USD tokens, with countless projects vying to dethrone Tether. Due to Tether’s entrenched network effect, these challengers face an uphill battle with little realistic chance of success. Most educated participants in the space likely recognize this reality but seem content to perpetuate the grift, hoping to cash out by dumping their equity positions on unsuspecting buyers before they realize the reality of the situation.

Historically, Tether’s greatest vulnerability has been U.S. government intervention. For over a decade, the company operated offshore with few allies in the U.S. establishment, making it a major target for regulatory action. That dynamic has shifted recently and Tether has seized the opportunity. By actively courting U.S. government support, Tether has fortified their position. This strategic move will likely cement their status as the dominant USD token for years to come.

While undeniably a great tool for the millions of users that rely on it, Tether is not without flaws. As a centralized, trusted third party, it holds the power to freeze or seize funds at its discretion. Corporate mismanagement or deliberate malpractice could also lead to massive losses at scale. In their goal of mitigating regulatory risk, Tether has deepened ties with law enforcement, mirroring some of the concerns of potential central bank digital currencies. In practice, Tether operates as a corporate CBDC alternative, collaborating with authorities to surveil and seize funds. The company proudly touts partnerships with leading surveillance firms and its own data reveals cooperation in over 1,000 law enforcement cases, with more than $2.5 billion in funds frozen.

---

The global demand for Tether is undeniable and the company’s profitability reflects its unrivaled success. Tether is owned and operated by bitcoiners and will likely continue to push forward strategic goals that help the movement as a whole. Recent efforts to mitigate the threat of U.S. government enforcement will likely solidify their network effect and stifle meaningful adoption of rival USD tokens or CBDCs. Yet, for all their achievements, Tether is simply a worse form of money than bitcoin. Tether requires trust in a centralized entity, while bitcoin can be saved or spent without permission. Furthermore, Tether is tied to the value of the US Dollar which is designed to lose purchasing power over time, while bitcoin, as a truly scarce asset, is designed to increase in purchasing power with adoption. As people awaken to the risks of Tether’s control, and the benefits bitcoin provides, bitcoin adoption will likely surpass it.

@ cd17b2d6:8cc53332

Looking to simulate a USDT deposit that appears instantly in a wallet — with no blockchain confirmation, no real spend, and no trace?

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💥 Why Our Flash USDT & Software Stands Out Feature Flash USDT Flash USDT Software One-time flash send ✅ Yes Optional Full sender control ❌ No ✅ Yes TRC20 / ERC20 / BEP20 ✅ Yes ✅ Yes Custom duration/expiry Limited ✅ Yes Unlimited usage ❌ One-off ✅ Yes Whether you’re flashing for wallet testing, demoing investor dashboards, or simulating balance flows, our tools deliver realism without risk.

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🔗 Buy Now → Flash USDT 🔗 Buy Now → Flash USDT Software 💬 Telegram: @cryptoflashingtool 📱 WhatsApp: +1 770-666-2531Looking to simulate a USDT deposit that appears instantly in a wallet — with no blockchain confirmation, no real spend, and no trace?

You’re in the right place.

 Buy Flash USDT Now\ This product sends Flash USDT directly to your TRC20, ERC20, or BEP20 wallet address — appears like a real deposit, but disappears after a set time or block depth.

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• Simulating token inflows
• Wallet stress testing
• “Proof of funds” display

Flash USDT is ideal for developers, trainers, UI testers, and blockchain researchers — and it’s fully customizable.

---

What Is Flash USDT?

Flash USDT is a synthetic transaction that mimics a real Tether transfer. It shows up instantly in a wallet balance, and it’s confirmed on-chain — and expires after a set duration.

This makes it:

• Visible on wallet interfaces
• Time-limited (auto-disappears cleanly)
• Undetectable on block explorers after expiry

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Want to control the flash?\ Run your own operations?\ Flash unlimited wallets?

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This is your all-in-one USDT flasher tool, built for TRC20, ERC20, and BEP20 chains. It gives you full control to:

• Send custom USDT amounts
• Set custom expiry time (e.g., 30–360 days)
• Flash multiple wallets
• Choose between networks (Tron, ETH, BSC)

You can simulate any amount, to any supported wallet, from your own system.

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---

Why Our Flash USDT & Software Stands Out

Feature	Flash USDT	Flash USDT Software
One-time flash send	Yes	Optional
Full sender control	No	Yes
TRC20 / ERC20 / BEP20	Yes	Yes
Custom duration/expiry	Limited	Yes
Unlimited usage	One-off	Yes

Whether you’re flashing for wallet testing, demoing investor dashboards, or simulating balance flows, our tools deliver realism without risk.

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 WhatsApp: +1 770-666-2531

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Legal Notice

These tools are intended for:

• Educational purposes
• Demo environments
• Wallet and UI testing

They are not for illegal use or financial deception. Any misuse is your full responsibility.

---

Final Call:

Need to flash USDT? Want full control?\ Don’t wait for another “maybe” tool.

Get your Flash USDT or Flashing Software today and simulate like a pro.

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@ 9ca447d2:fbf5a36d

Singapore, May 14, 2025 — NEUTRON, the leading Lightning Network infrastructure provider in Asia, is announcing a new partnership with Cobo, a globally trusted digital asset custody platform.

Through this collaboration, Cobo will integrate Neutron’s Lightning Network API, enabling real-time, cost-effective Bitcoin transactions across its services.

Neutron’s mission is to make the Lightning Network the financial backbone for modern Bitcoin use, bridging traditional finance with Bitcoin’s borderless, decentralized economy.

“We’re thrilled to partner with Cobo, a trusted leader in custodial services, to further accelerate Bitcoin infrastructure across Asia,” said Albert Buu, CEO of Neutron. 

“At Neutron, we are committed to providing enterprise businesses with easy and efficient integration into the Lightning Network, enabling next-generation global real-time settlement solutions.

“This partnership will not only drive innovation but also empower businesses across Asia with the fast, secure, and cost-effective benefits of Bitcoin payments.”

Neutron: The Lightning Engine for Bitcoin Adoption

Neutron provides a comprehensive API suite that allows businesses to instantly access the power of the Lightning Network, Bitcoin’s second-layer protocol designed for high-speed, scalable, and low-fee payments.

The integration is part of Neutron’s broader vision to equip forward-thinking institutions with the tools needed to participate in the next generation of Bitcoin utility.

Lightning-Powered Custody for the Next Era of Finance

Cobo’s integration of Neutron’s API gives institutional clients an additional option for BTC settlement, making Lightning Network access more programmable and easier to integrate within their existing systems.

“At Cobo, we’ve built our custody platform to combine uncompromising security with the scalability institutions need to grow,” said Dr. Changhao Jiang, CTO and Co-Founder of Cobo.

“Integrating Neutron’s Lightning Network API allows us to offer real-time, low-cost Bitcoin settlement at scale without compromising on trust or performance. Together, we’re laying the groundwork for faster, more efficient Bitcoin infrastructure across Asia.”

About Neutron

Neutron is Asia’s leading Bitcoin infrastructure company, helping businesses and individuals unlock the power of the Lightning Network, specializing in Lightning-as-a-Service.

nThrough its scalable API platform, mobile app, and lending product, Neutron empowers businesses and individuals to send, receive, save, and build with Bitcoin.
Want to bring Lightning into your product or platform? Reach out to our team at sales@neutron.me or visit us at www.neutron.me

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate, and scale their digital asset businesses securely.

Founded in 2017 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets.

Today, Cobo offers the industry’s only unified wallet platform that integrates all four digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets.

Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions.

Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek and Global Custodian. For more information, please visit www.cobo.com

@ 609f186c:0aa4e8af

Google says that Android 16 is slated to feature an optional high security mode. Cool.

Advanced Protection has a bunch of requested features that address the kinds of threats we worry about.

It's the kind of 'turn this one thing on if you face elevated risk' that we've been asking for from Google.

And likely reflects some learning after Google watched Apple 's Lockdown Mode play out. I see a lot of value in this..

Here are some features I'm excited to see play out:

The Intrusion Logging feature is interesting & is going to impose substantial cost on attackers trying to hide evidence of exploitation. Logs get e2ee encrypted into the cloud. This one is spicy.

The Offline Lock, Inactivity Reboot & USB protection will frustrate non-consensual attempts to physically grab device data.

Memory Tagging Extension is going to make a lot of attack & exploitation categories harder.

2G Network Protection & disabling Auto-connect to insecure networks are going to address categories of threat from things like IMSI catchers & hostile WiFi.

I'm curious about some other features such as:

Spam & Scam detection: Google messages feature that suggests message content awareness and some kind of scanning.

Scam detection for Phone by Google is interesting & coming later. The way it is described suggests phone conversation awareness. This also addresses a different category of threat than the stuff above. I can see it addressing a whole category of bad things that regular users (& high risk ones too!) face. Will be curious how privacy is addressed or if this done purely locally. Getting messy: Friction points? I see Google thinking these through, but I'm going to add a potential concern: what will users do when they encounter friction? Will they turn this off & forget to re-enable? We've seen users turn off iOS Lockdown Mode when they run into friction for specific websites or, say, legacy WiFi. They then forget to turn it back on. And stay vulnerable.

Bottom line: users disabling Apple's Lockdown Mode for a temporary thing & leaving it off because they forget to turn it on happens a lot. This is a serious % of users in my experience...

And should be factored into design decisions for similar modes. I feel like a good balance is a 'snooze button' or equivalent so that users can disable all/some features for a brief few minute period to do something they need to do, and then auto re-enable.

Winding up:

I'm excited to see how Android Advanced Protection plays with high risk users' experiences. I'm also super curious whether the spam/scam detection features may also be helpful to more vulnerable users (think: aging seniors)...

Niche but important:

Some users, esp. those that migrated to security & privacy-focused Android distros because of because of the absence of such a feature are clear candidates for it... But they may also voice privacy concerns around some of the screening features. Clear communication from the Google Security / Android team will be key here.

@ bc6ccd13:f53098e4

The global population has been rising rapidly for the past two centuries when compared to historical trends. Fifty years ago, that trend seemed set to continue, and there was a lot of concern around the issue of overpopulation. But if you haven’t been living under a rock, you’ll know that while the population is still rising, that trend now seems set to reverse this century, and there’s every indication population could decline precipitously over the next two centuries.

Demographics is a field where predictions about the future are much more reliable than in most scientific fields. That’s because future population trends are “baked in” decades in advance. If you want to know how many fifty-year-olds there will be in forty years, all you have to do is count the ten-year-olds today and allow for mortality rates. That maximum was already determined by the number of births ten years ago, and absolutely nothing can change that now. The average person doesn’t think that through when they look at population trends. You hear a lot of “oh we just need to do more of x to help the declining birthrate” without an acknowledgement that future populations in a given cohort are already fixed by the number of births that already occurred.

As you can see, global birthrates have already declined close to the 2.3 replacement level, with some regions ahead of others, but all on the same trajectory with no region moving against the trend. I’m not going to speculate on the reasons for this, or even whether it’s a good or bad thing. Instead I’m going to make some observations about outcomes this trend could cause economically, and why. Like most macro issues, an individual can’t do anything to change the global landscape personally, but knowing what that landscape might look like is essential to avoiding fallout from trends outside your control.

The Resource Pie

Thomas Malthus popularized the concern about overpopulation with his 1798 book An Essay on the Principle of Population. The basic premise of the book was that population could grow and consume all the available resources, leading to mass poverty, starvation, disease, and population collapse. We can say in hindsight that this was incorrect, given that the global population has increased from less than a billion to over eight billion since then, and the apocalypse Malthus predicted hasn’t materialized. Exactly the opposite, in fact. The global standard of living has risen to levels Malthus couldn’t have imagined, much less predicted.

So where did Malthus go wrong? His hypothesis seems reasonable enough, and we do see a similar trend in certain animal populations. The base assumption Malthus got wrong was to assume resources are a finite, limiting factor to the human population. That at some point certain resources would be totally consumed, and that would be it. He treated it like a pie with a lot of slices, but still a finite number, and assumed that if the population kept rising, eventually every slice would be consumed and there would be no pie left for future generations. That turns out to be completely wrong.

Of course, the earth is finite at some abstract level. The number of atoms could theoretically be counted and quantified. But on a practical level, do humans exhaust the earth’s resources? I’d point to an article from Yale Scientific titled Has the Earth Run out of any Natural Resources? To quote,

> However, despite what doomsday predictions may suggest, the Earth has not run out of any resources nor is it likely that it will run out of any in the near future. > > In fact, resources are becoming more abundant. Though this may seem puzzling, it does not mean that the actual quantity of resources in the Earth’s crust is increasing but rather that the amount available for our use is constantly growing due to technological innovations. According to the U.S. Geological Survey, the only resource we have exhausted is cryolite, a mineral used in pesticides and aluminum processing. However, that is not to say every bit of it has been mined away; rather, producing it synthetically is much more cost efficient than mining the existing reserves at its current value.

As it happens, we don’t run out of resources. Instead, we become better at finding, extracting, and efficiently utilizing resources, which means that in practical terms resources become more abundant, not less. In other words, the pie grows faster than we can eat it.

So is there any resource that actually limits human potential? I think there is, and history would suggest that resource is human ingenuity and effort. The more people are thinking about and working on a problem, the more solutions we find and build to solve it. That means not only does the pie grow faster than we can eat it, but the more people there are, the faster the pie grows. Of course that assumes everyone eating pie is also working to grow the pie, but that’s a separate issue for now.

Productivity and Division of Labor

Why does having more people lead to more productivity? A big part of it comes down to division of labor and specialization. The best way to get really good at something is to do more of it. In a small community, doing just one thing simply isn’t possible. Everyone has to be somewhat of a generalist in order to survive. But with a larger population, being a specialist becomes possible. In fact, that’s the purpose of money, as I explained here.

nostr:naddr1qvzqqqr4gupzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqq247t2dvet9q4tsg4qng36lxe6kc4nftayyy89kua2

The more specialized an economy becomes, the more efficient it can be. There are big economies of scale in almost every task or process. So for example, if a single person tried to build a car from scratch, it would be extremely difficult and take a very long time. However, if you have a thousand people building a car, each doing a specific job, they can become very good at doing that specific job and do it much faster. And then you can move that process to a factory, and build machines to do specific jobs, and add even more efficiency.

But that only works if you’re building more than one car. It doesn’t make sense to build a huge factory full of specialized equipment that takes lots of time and effort to design and manufacture, and then only build one car. You need to sell thousands of cars, maybe even millions of cars, to pay off that initial investment. So division of labor and specialization relies on large populations in two different ways. First, you need a large population to have enough people to specialize in each task. But second and just as importantly, you need a large population of buyers for the finished product. You need a big market in order to make mass production economical.

Think of a computer or smartphone. It takes thousands of specialized processes, thousands of complex parts, and millions of people doing specialized jobs to extract the raw materials, process them, and assemble them into a piece of electronic hardware. And electronics are relatively expensive anyway. Imagine how impossible it would be to manufacture electronics economically, if the market demand wasn’t literally in the billions of units.

Stairs Up, Elevator Down

We’ve seen exponential increases in productivity over the past few centuries, resulting in higher living standards even as population exploded. Now, facing the prospect of a drastic trend reversal, what will happen to productivity and living standards? The typical sentiment seems to be “well, there are a lot of people already competing for resources, so if population does decline, that will just reduce the competition and leave a bigger slice of pie for each person, so we’ll all be getting wealthier as a result of population decline.”

This seems reasonable at first glance. Surely dividing the economic pie into fewer slices means a bigger slice for everyone, right? But remember, more specialization and division of labor is what made the pie as big as it is to begin with. And specialization depends on large populations for both the supply of specialized labor, and the demand for finished goods. Can complex supply chains and mass production withstand population reduction intact? I don’t think the answer is clear.

The idea that it will all be okay, and we’ll get wealthier as population falls, is based on some faulty assumptions. It assumes that wealth is basically some fixed inventory of “things” that exist, and it’s all a matter of distribution. That’s typical Marxist thinking, similar to the reasoning behind “tax the rich” and other utopian wealth transfer schemes.

The reality is, wealth is a dynamic concept with strong network effects. For example, a grocery store in a large city can be a valuable asset with a large potential income stream. The same store in a small village with a declining population can be an unprofitable and effectively worthless liability.

Even something as permanent as a house is very susceptible to network effects. If you currently live in an area where housing is scarce and expensive, you might think a declining population would be the perfect solution to high housing costs. However, if you look at a place that’s already facing the beginnings of a population decline, you’ll see it’s not actually that simple. Japan, for example, is already facing an aging and declining population. And sure enough, you can get a house in Japan for free, or basically free. Sounds amazing, right? Not really.

If you check out the reason houses are given away in Japan, you’ll find a depressing reality. Most of the free houses are in rural areas or villages where the population is declining, often to the point that the village becomes uninhabited and abandoned. It’s so bad that in 2018, 13.6% of houses in Japan were vacant. Why do villages become uninhabited? Well, it turns out that a certain population level is necessary to support the services and businesses people need. When the population falls too low, specialized businesses can no longer operated profitably. It’s the exact issue we discussed with division of labor and the need for a high population to provide a market for the specialist to survive. As the local stores, entertainment venues, and businesses close, and skilled tradesmen move away to larger population centers with more customers, living in the village becomes difficult and depressing, if not impossible. So at a certain critical level, a village that’s too isolated will reach a tipping point where everyone leaves as fast as possible. And it turns out that an abandoned house in a remote village or rural area without any nearby services and businesses is worth… nothing. Nobody wants to live there, nobody wants to spend the money to maintain the house, nobody wants to pay the taxes needed to maintain the utilities the town relied on. So they try to give the houses away to anyone who agrees to live there, often without much success.

So on a local level, population might rise gradually over time, but when that process reverses and population declines to a certain level, it can collapse rather quickly from there.

I expect the same incentives to play out on a larger scale as well. Complex supply chains and extreme specialization lead to massive productivity. But there’s also a downside, which is the fragility of the system. Specialization might mean one shop can make all the widgets needed for a specific application, for the whole globe. That’s great while it lasts, but what happens when the owner of that shop retires with his lifetime of knowledge and experience? Will there be someone equally capable ready to fill his shoes? Hopefully… But spread that problem out across the global economy, and cracks start to appear. A specialized part is unavailable. So a machine that relies on that part breaks down and can’t be repaired. So a new machine needs to be built, which is a big expense that drives up costs and prices. And with a falling population, demand goes down. Now businesses are spending more to make fewer items, so they have to raise prices to stay profitable. Now fewer people can afford the item, so demand falls even further. Eventually the business is forced to close, and other industries that relied on the items they produced are crippled. Things become more expensive, or unavailable at any price. Living standards fall. What was a stairway up becomes an elevator down.

Hope, From the Parasite Class?

All that being said, I’m not completely pessimistic about the future. I think the potential for an acceptable outcome exists.

I see two broad groups of people in the economy; producers, and parasites. One thing the increasing productivity has done is made it easier than ever to survive. Food is plentiful globally, the only issues are with distribution. Medical advances save countless lives. Everything is more abundant than ever before. All that has led to a very “soft” economic reality. There’s a lot of non-essential production, which means a lot of wealth can be redistributed to people who contribute nothing, and if it’s done carefully, most people won’t even notice. And that is exactly what has happened, in spades.

There are welfare programs of every type and description, and handouts to people for every reason imaginable. It’s never been easier to survive without lifting a finger. So millions of able-bodied men choose to do just that.

Besides the voluntarily idle, the economy is full of “bullshit jobs.” Shoutout to David Graeber’s book with that title. (It’s an excellent book and one I would highly recommend, even though the author was a Marxist and his conclusions are completely wrong.) A 2015 British poll asked people, “Does your job make a meaningful contribution to the world?” Only 50% said yes, while 37% said no and 13% were uncertain.

This won’t be a surprise to anyone who’s operated a business, or even worked in the private sector in general. There are three types of jobs; jobs that accomplish something productive, jobs that accomplish nothing of value, and jobs that actually hinder people trying to accomplish something productive. The number of jobs in the last two categories has grown massively over the years. This would include a lot of unnecessary administrative jobs, burdensome regulatory jobs, useless DEI and HR jobs, a large percentage of public sector jobs, most of the military-industrial complex, and the list is endless. All these jobs accomplish nothing worthwhile at best, and actively discourage those who are trying to accomplish something at worst.

Even among jobs that do accomplish some useful purpose, the amount of time spent actually doing the job continues to decline. According to a 2016 poll, American office workers spent only 39% of their workday actually doing their primary task. The other 61% was largely wasted on unproductive administrative tasks and meetings, answering emails, and just simply wasting time.

I could go on, but the point is, there’s a lot of slack in the economy. We’ve become so productive that the number of people actually doing the work to keep everyone fed, clothed, and cared for is only a small percentage of the population. In one sense, that’s a cause for optimism. The population could decline a lot, and we’d still have enough bodies to man the economic engine, as it were.

Aging

The thing with population decline, though, is nobody gets to choose who goes first. Not unless you’re a psychopathic dictator. So populations get old, then they get small. This means that the number of dependents in the economy rises naturally. Once people retire, they still need someone to grow the food, keep the lights on, and provide the medical care. And it doesn’t matter how much money the retirees have saved, either. Money is just a claim on wealth. The goods and services actually have to be provided by someone, and if that someone was never born, all the money in the world won’t change anything.

And the aging occurs on top of all the people already taking from the economy without contributing anything of value. So that seems like a big problem.

Currently, wealth redistribution happens through a combination of direct taxes, indirect taxation through deficit spending, and the whole gamut of games that happen when banks create credit/debt money by making loans. In a lot of cases, it’s very indirect and difficult to pin down. For example, someone has a “job” in a government office, enforcing pointless regulations that actually hinder someone in the private sector from producing something useful. Their paycheck comes from the government, so a combination of taxes on productive people, and deficit spending, which is also a tax on productive people. But they “have a job,” so who’s going to question their contribution to society? On the other hand, it could be a banker or hedge fund manager. They might be pulling in a massive salary, but at the core all they’re really doing is finding creative financial ways to transfer wealth from productive people to themselves, without contributing anything of value.

You’ll notice a common theme if you think about this problem deeply. Most of the wealth transfer that supports the unproductive, whether that’s welfare recipients, retirees, bureaucrats, corporate middle managers, or weapons manufacturers, is only possible through expanding the money supply. There’s a limit to how much direct taxation the productive will bear while the option to collect welfare exists. At a certain point, people conclude that working hard every day isn’t worth it, when taxes take so much of their wages that they could make almost as much without working at all. So the balance of what it takes to support the dependent class has to come indirectly, through new money creation.

As long as the declining population happens under the existing monetary system, the future looks bleak. There’s no limit to how much money creation and inflation the parasite class will use in an attempt to avoid work. They’ll continue to suck the productive class dry until the workers give up in disgust, and the currency collapses into hyperinflation. And you can’t run a complex economy without functional money, so productivity inevitably collapses with the currency.

The optimistic view is that we don’t have to continue supporting the failed credit/debt monetary system. It’s hurting productivity, messing up incentives, and contributing to increasing wealth inequality and lower living standards for the middle class. If we walk away from that system and adopt a hard money standard, the possibility of inflationary wealth redistribution vanishes. The welfare and warfare programs have to be slashed. The parasite class is forced to get busy, or starve. In that scenario, the declining population of workers can be offset by a massive shift away from “bullshit jobs” and into actual productive work.

While that might not be a permanent solution to declining population, it would at least give us time to find a real solution, without having our complex economy collapse and send our living standards back to the 17th century.

It’s a complex issue with many possible outcomes, but I think a close look at the effects of the monetary system on productivity shows one obvious problem that will make the situation worse than necessary. Moving to a better monetary system and creating incentives for productivity would do a lot to reduce the economic impacts of a declining population.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

Headlines

• OpenSats announces the eleventh wave of Nostr grants. The five projects in this wave are the mobile live-streaming app Swae, the Nostr-over-ham-radio project HAMSTR, Vertex—a Web-of-Trust (WOT) service for Nostr developers, Nostr Double Ratchet for end-to-end encrypted messaging, and the Nostr Game Engine for building games and applications integrated with the Nostr ecosystem.
• Project Eleven offers 1 BTC to break Bitcoin's cryptography with a quantum computer. The quantum computing research organization has introduced the Q-Day Prize, a global challenge that offers 1 BTC to the first team capable of breaking an elliptic curve cryptographic (ECC) key using Shor’s algorithm on a quantum computer. The prize will be awarded to the first team to successfully accomplish this breakthrough by April 5, 2026.
• Bull Bitcoin expands to Mexico, enabling anyone in the country to receive pesos from anywhere in the world straight from a Bitcoin wallet. Additionally, users can now buy Bitcoin with a Mexican bank account.

"Bull Bitcoin strongly believes in Bitcoin’s economic potential in Mexico, not only for international remittances and tourism, but also for Mexican individuals and companies to reclaim their financial sovereignty and protect their wealth from inflation and the fragility of traditional financial markets," said Francis Pouliot, Founder and CEO of Bull Bitcoin.

• Panama City votes to accept bitcoin for municipal services. The Panama City Council has voted to accept Bitcoin and other digital currencies for municipal services, becoming the first public institution in the country to do so. They will partner with an authorized bank responsible for converting the digital currency proceeds into dollars, reports Bitcoin Magazine.
• US Bitcoin miner manufacturer Auradine has raised $153 million in a Series C funding round as it expands into AI infrastructure. The round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and other existing investors. The firm raised to over $300 million since its inception in 2022.
• Designathon 2025: The Bitcoin Design Community is organizing a Bitcoin design hackathon, scheduled to take place from May 4 to 18, 2025. Sign up and learn more about the event, prizes, and ideas.

Use the tools

• Core Lightning v25.02.1 and v24.11.2 address several issues, including returned outputs on mutual closes if peer didn't support option_shutdown_anysegwit, properly handling duplicate HTLCs on closing, calculating fees with the correct HTLC timeout, occasional crash on bitcoind_getrawblockbyheight callback, fixes tracepoint crashes in autoclean/chanbackup, and more.
• LND v0.19.0-beta.rc2 is available for testing. New features include support for archiving channel backup, RBF cooperative closes, the Quiescence protocol, the chainio subsystem, lnwire messages for the Gossip 1.75 protocol, testnet4, and much more.
• Hydrus v0.2.0, a Lightning liquidity management agent, is now available. This version adjusts routing policies, new CLI commands, built-in task scheduling, and a new open heuristic, channels.block_height.
• Alby Hub v1.16.0 introduces Alby Pro, a paid subscription plan for self-hosted Alby Hub runners that offers real-time backups, unlimited sub-wallets, customizable Lightning addresses, priority support, and more. The sidebar and settings page have received a UI update for a smoother experience, along with various other improvements and bug fixes.
• Alby Go v1.12.0 introduces a wallet switcher for swapping wallets during payments, withdrawals, and connections. It also improves number formatting for locales using decimal commas.
• Blitz Wallet v0.4.3-beta allows users to customize their maximum receive and balance amounts for ecash transactions. Besides, users can now pay for items in supported stores using ecash, and manual swap options have been expanded. The update also includes payment experience enhancements, performance optimizations, and bug fixes.
• Phoenix wallet v2.5.3 is a bug fix release that corrects UI problems on iOS and improves the handling of some Bolt12 failures.
• BitBanana v0.9.4 is a maintenance release that adds a link to new documentation, delivers bug fixes, and updated translations.
  • BitBanana v0.9.3 was a notable release that introduced Nostr Wallet Connect (NWC) support, significantly enhanced the channel rebalancing interface, and added channel and UTXO sorting, among other features.
• Boltz Web App v1.7.3 has improved the UX for copying addresses and invoices, added fixes for hardware wallet integration, and backup files now include the rescue key, enabling backup imports to pick up pending swaps.
• Stratum v2 Reference Implementation (SRI) v1.3.0 comes with a new integration test framework and tests, enhanced APIs for role development, and core low-level crates now support no_std.
• ESP-Miner v2.6.6b1 is now available for testing.
• CTV Playground Android is a native Android implementation and demonstration of Bitcoin's proposed OP_CHECKTEMPLATEVERIFY (CTV) soft fork, including a CTV Vault implementation.
• Nstart, an onboarding wizard for new Nostr users, is now multilingual. Available languages include English, Español, Italiano, Français, Deutsch, and 日本語. You can contribute with a new language here.

Source: daniele

• GM Swap is a proof-of-concept implementation of the Atomic Signature Swaps NIP. It enables users to "swap GM notes, ensuring that both parties' signatures are exchanged simultaneously or not at all."
• Arti v1.4.2, a next-generation Tor client in Rust, is now available. Arti's RPC interface is now officially stable, and ready for testing.
• Tor Browser v14.5 has been released, introducing Connection Assist to Android, which helps mobile users facing strict censorship to easily unblock Tor with a single button press. Additionally, Belarusian, Bulgarian, and Portuguese languages are now available across all platforms, along with other improvements.

[](https://njump.me/nevent1qqsqp3seup9kqz8xawavqd2jff6v627s63l4xwut9hjcphdnr5r3h5gpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgdwaehxw309ahx7uewd3hkcqfpwaehxw309akh2mr5d9cxcetcv4ezu6r4wdax7mn9vaujuam0wfkxgq3qpzzrdngrnlufqazx3lfj07k0vfuya6ehfy8q5yv2h8c5e8fxgmxqd

@ 04c915da:3dfbecc9

One of the most common criticisms leveled against nostr is the perceived lack of assurance when it comes to data storage. Critics argue that without a centralized authority guaranteeing that all data is preserved, important information will be lost. They also claim that running a relay will become prohibitively expensive. While there is truth to these concerns, they miss the mark. The genius of nostr lies in its flexibility, resilience, and the way it harnesses human incentives to ensure data availability in practice.

A nostr relay is simply a server that holds cryptographically verifiable signed data and makes it available to others. Relays are simple, flexible, open, and require no permission to run. Critics are right that operating a relay attempting to store all nostr data will be costly. What they miss is that most will not run all encompassing archive relays. Nostr does not rely on massive archive relays. Instead, anyone can run a relay and choose to store whatever subset of data they want. This keeps costs low and operations flexible, making relay operation accessible to all sorts of individuals and entities with varying use cases.

Critics are correct that there is no ironclad guarantee that every piece of data will always be available. Unlike bitcoin where data permanence is baked into the system at a steep cost, nostr does not promise that every random note or meme will be preserved forever. That said, in practice, any data perceived as valuable by someone will likely be stored and distributed by multiple entities. If something matters to someone, they will keep a signed copy.

Nostr is the Streisand Effect in protocol form. The Streisand effect is when an attempt to suppress information backfires, causing it to spread even further. With nostr, anyone can broadcast signed data, anyone can store it, and anyone can distribute it. Try to censor something important? Good luck. The moment it catches attention, it will be stored on relays across the globe, copied, and shared by those who find it worth keeping. Data deemed important will be replicated across servers by individuals acting in their own interest.

Nostr’s distributed nature ensures that the system does not rely on a single point of failure or a corporate overlord. Instead, it leans on the collective will of its users. The result is a network where costs stay manageable, participation is open to all, and valuable verifiable data is stored and distributed forever.

@ 9ca447d2:fbf5a36d

Ukraine is reportedly about to make history by becoming the first country in Europe to have a national bitcoin reserve, a move aimed at strengthening its economy during the war with Russia.

The plan is still in its early stages and Binance, the world’s largest digital asset exchange, is involved.

According to Incrypted, a Ukrainian digital asset news outlet, Ukrainian MP Yaroslav Zheleznyak, First Deputy Chairman of the Finance, Tax and Customs Policy Committee, confirmed that the draft law is almost ready and will be submitted to the parliament soon.

“We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zheleznyak told Incrypted.

Earlier discussions mentioned a broader “crypto reserve” but the current plan is focused on bitcoin as a strategic reserve asset. If approved, the law will allow the National Bank of Ukraine to hold bitcoin as part of the country’s official reserves.

Since the war with Russia started, Ukraine has become one of the most bitcoin-friendly countries in the world.

In 2022 and 2023 Ukraine raised over $100 million in digital asset donations for defense and humanitarian purposes. A report from Chainalysis ranked the country among the top 10 countries for bitcoin adoption globally.

A rather vague and unconfirmed report by BitcoinTreasuries.net states that “holdings of public officials” currently stand at 46,351 BTC.

Ukraine bitcoin holdings as reported by BitcoinTreasuries

Supporters of the bitcoin reserve say it will help Ukraine protect its economy from war-related instability, inflation and currency depreciation.

By going digital, the government is looking for modern tools to strengthen its financial system in uncertain times. This is not just about storing bitcoin, it’s about establishing clear laws for digital assets ownership, management and use.

Binance is playing an advisory role in the project. The company has worked with Ukraine on digital asset education and regulations in the past and is now helping to shape the legal framework for the bitcoin reserve.

Kirill Khomyakov, Binance’s regional head for Central and Eastern Europe, Central Asia and Africa, confirmed the company’s support, but warned it won’t be fast or easy.

“The creation of such a reserve will require significant changes in legislation,” Khomyakov said. “Another positive aspect is that this initiative will likely lead to greater clarity in the regulation of crypto assets in Ukraine.”

Despite the support from some officials, there are legal hurdles. Ukrainian laws don’t allow bitcoin to be in the official reserves. So the government needs to pass new laws for it to happen.

Efforts to legalize bitcoin in general have been going on for years. In 2021, a draft law on virtual assets was approved by Finance Committee but was withdrawn after the President’s Office and financial regulators objected.

Up to now, over 80 amendments have been proposed, showing how complicated the process is.

The Ministry of Digital Transformation is leading a larger reform that could introduce rules for digital asset exchanges, tax laws and anti-money laundering standards in the country.

Ukraine isn’t alone in considering bitcoin as a national reserve asset. In March 2025, the U.S. announced its own Strategic Bitcoin Reserve using BTC seized in criminal cases.

@ 04c915da:3dfbecc9

Capitalism is the most effective system for scaling innovation. The pursuit of profit is an incredibly powerful human incentive. Most major improvements to human society and quality of life have resulted from this base incentive. Market competition often results in the best outcomes for all.

That said, some projects can never be monetized. They are open in nature and a business model would centralize control. Open protocols like bitcoin and nostr are not owned by anyone and if they were it would destroy the key value propositions they provide. No single entity can or should control their use. Anyone can build on them without permission.

As a result, open protocols must depend on donation based grant funding from the people and organizations that rely on them. This model works but it is slow and uncertain, a grind where sustainability is never fully reached but rather constantly sought. As someone who has been incredibly active in the open source grant funding space, I do not think people truly appreciate how difficult it is to raise charitable money and deploy it efficiently.

Projects that can be monetized should be. Profitability is a super power. When a business can generate revenue, it taps into a self sustaining cycle. Profit fuels growth and development while providing projects independence and agency. This flywheel effect is why companies like Google, Amazon, and Apple have scaled to global dominance. The profit incentive aligns human effort with efficiency. Businesses must innovate, cut waste, and deliver value to survive.

Contrast this with non monetized projects. Without profit, they lean on external support, which can dry up or shift with donor priorities. A profit driven model, on the other hand, is inherently leaner and more adaptable. It is not charity but survival. When survival is tied to delivering what people want, scale follows naturally.

The real magic happens when profitable, sustainable businesses are built on top of open protocols and software. Consider the many startups building on open source software stacks, such as Start9, Mempool, and Primal, offering premium services on top of the open source software they build out and maintain. Think of companies like Block or Strike, which leverage bitcoin’s open protocol to offer their services on top. These businesses amplify the open software and protocols they build on, driving adoption and improvement at a pace donations alone could never match.

When you combine open software and protocols with profit driven business the result are lean, sustainable companies that grow faster and serve more people than either could alone. Bitcoin’s network, for instance, benefits from businesses that profit off its existence, while nostr will expand as developers monetize apps built on the protocol.

Capitalism scales best because competition results in efficiency. Donation funded protocols and software lay the groundwork, while market driven businesses build on top. The profit incentive acts as a filter, ensuring resources flow to what works, while open systems keep the playing field accessible, empowering users and builders. Together, they create a flywheel of innovation, growth, and global benefit.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• Coinswap is a decentralized protocol for private, trustless cryptocurrency swaps. It allows participants to securely swap digital assets without intermediaries, using advanced cryptographic techniques and atomic swaps to ensure privacy and security.
• This release introduces major improvements to the protocol's efficiency, security, and usability, including custom in-memory UTXO indexes, more advanced coin-selection algorithms, fidelity bond management and more.
• The update also improves user experience with full Mac support, faster Tor connections, enhanced UI/UX, a unified API, and improved protocol documentation.

"The Project is under active beta development and open for contributions and beta testing. The Coinswap market place is live in testnet4. Bug fixes and feature requests are very much welcome."

• Manuals and demo docs are available here.

What's new

• Core protocol and performance improvements:
  • Custom in-memory UTXO indexes. Frequent Core RPC calls, which caused significant delays, have been eliminated by implementing custom in-memory UTXO indexes. These indexes are also saved to disk, leading to faster wallet synchronization.
  • Coin selection. Advanced coin-selection algorithms, like those in Bitcoin Core, have been incorporated, enhancing the efficiency of creating different types of transactions.
  • Fidelity management. Maker servers now automate tasks such as checking bond expiries, redemption, and recreation for Fidelity Bonds, reducing the user's management responsibilities.
  • Taker liveness. The WaitingFundingConfirmation message has been added to keep swap connections between Takers and Makers, assisting with variable block confirmation delays.

• User experience and compatibility:

  • Mac compatibility. The crate and apps now fully support Mac.
  • Tor operations are streamlined for faster, more resilient connections. Tor addresses are now consistently linked to the wallet seed, maintaining the same onion address through system reboots.
  • The UI/UX improvements enhance the display of balances, UTXOs, offer data, fidelity bonds, and system logs. These updates make the apps more enjoyable and provide clearer coin swap logs during the swap process.

• API design improvements. Transaction creation routines have been streamlined to use a single common API, which reduces technical debt and eliminates redundant code.

• Protocol spec documentation now details how Coinswap breaks the transaction graph and improves privacy through routed swaps and amount splitting, and includes diagrams for clarity.

Source: Coinswap Protocol specification.

Announcement
GitHub Repo
Protocol Spec

@ bc6ccd13:f53098e4

The Bitcoin price action since the US presidential election, and particularly today, November 11, has given me an excuse to revisit an idea I’ve written about before. I explained here that money doesn’t “flow into” assets, and that the terminology makes it difficult for people to understand how prices actually work.

nostr:naddr1qvzqqqr4gupzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqqhy6mmwv4uj63r0v4ekutt594fx2ctvd3uj63nvdamj6jtww3hj6stw096xs6twvukkgmt9ws6xg86ht5t

The Bitcoin market this year has been a perfect illustration of the points I tried to make, which offers another angle to explain the concept.

Back in January, the first spot Bitcoin ETFs were launched for trading in the US market. This was heralded as a great thing for the Bitcoin price, and tracking “inflows” into these ETFs became a top priority for Bitcoin market analysts. The expectation of course was that more Bitcoin purchased by these ETFs would result in higher prices for the asset.

And sure enough, over the first two months of trading, from mid-January to mid-March, the combined “inflows” to the ETFs totaled around $11 billion. Over the same time frame, the Bitcoin price rose almost 60%, from around $43,000 to $68,000. As should be expected, right?

But then, over the next seven and a half months, from mid-March to early November, the ETFs saw another $11 billion in “inflows”. The Bitcoin price in mid-March? $68,000. In early November? All the way up to… $68,000. Seven and a half months of treading water.

So how can that be? How can $11 billion dollars flowing into an asset cause a 60% price rise once, and no price change at all the next time?

If you read my previous article linked above, you’ll see that the whole idea of money “flowing into” an asset is incorrect and misleading, and this is a perfect illustration why. If you step back a bit, you’ll see the folly of that mentality. So when the ETFs buy $11 billion dollars worth of Bitcoin, where does it come from? They obviously have to buy it from someone. As always, every transaction has a buyer and a seller. In this case, the sellers are current Bitcoin holders selling through OTC desks on the spot market.

So why focus on the ETF buying rather than the Bitcoin holder selling? Instead of saying there were $11 billion in inflows to the Bitcoin ETFs, why not say there were $11 billion in outflows from spot Bitcoin holders? It’s just as valid either way.

To take it a step further, many analysts were consistently confused all summer as Bitcoin ETFs continued to see “inflows” on days that the Bitcoin price stayed flat or even fell. So let’s imagine two consecutive days of $300 million daily “inflows” into the ETFs. The first day, the Bitcoin price rises 3%. The second day, the Bitcoin price falls 3%. The first day, headlines can read Bitcoin Price Rises 3% as ETFs See $300m in Inflows. The second day, headlines can read Bitcoin Price Falls 3% as Spot Bitcoin Holders See $300m in Outflows.

See the silliness of this whole idea? Money flows aren’t the cause of price movement. They’re a fake metric used as a post hoc justification for price moves by people who want you to believe they understand markets better than you.

Moving on to today, as I write this on the evening of November 11, Bitcoin is up 30% from $68,000 to $88,000 in the week since the November 5 election. It rose from $69,000 to $75,000 on election night alone, after US markets had closed and while there were no ETF “inflows” at all. In fact, the ETFs saw over a hundred million dollars in outflows on November 5, followed by an 8% single day price increase.

So if money flows don’t move price, what does?

Investor sentiment, that’s what.

Talking about money flows at all, as illustrated by the Bitcoin ETFs, requires arbitrarily dividing a single market into different segments to disguise the fact that every transaction has both a buyer and a seller, so every transaction has an equal dollar amount of “flows” in both directions. In actuality, price is set by a convergence between the highest price any potential buyer is willing to pay, and the lowest price any potential seller is willing to accept. And that number can change without a single transaction occurring, and without a single dollar “flowing” anywhere.

If every Bitcoin holder simultaneously decided tonight that the lowest price they’re willing to accept is $200,000 per Bitcoin, and a single potential buyer decided to buy a single dollar worth of Bitcoin at that price, that would be the new Bitcoin price tomorrow morning. No ETF “inflows” or institutional buying pressure or short squeezes or liquidations required, or any of the other excuses market analysts use to confuse normal people and make it seem like they have some deep esoteric insight into the workings of markets and future price action.

Don’t overcomplicate something as simple as price. If holders of an asset demand higher prices and potential buyers are willing to pay it, prices rise. If potential buyers of an asset offer lower prices and holders are willing to sell, prices fall. The constant interplay between all those individual investors sentiments is what forms a market and a price. The transferring of money between buyers and sellers is an effect of price, not a cause.

@ c631e267:c2b78d3e

Die zwei mächtigsten Krieger sind Geduld und Zeit. \ Leo Tolstoi

Zum Wohle unserer Gesundheit, unserer Leistungsfähigkeit und letztlich unseres Glücks ist es wichtig, die eigene Energie bewusst zu pflegen. Das gilt umso mehr für an gesellschaftlichen Themen interessierte, selbstbewusste und kritisch denkende Menschen. Denn für deren Wahrnehmung und Wohlbefinden waren und sind die rasanten, krisen- und propagandagefüllten letzten Jahre in Absurdistan eine harte Probe.

Nur wer regelmäßig Kraft tankt und Wege findet, mit den Herausforderungen umzugehen, kann eine solche Tortur überstehen, emotionale Erschöpfung vermeiden und trotz allem zufrieden sein. Dazu müssen wir erkunden, was uns Energie gibt und was sie uns raubt. Durch Selbstreflexion und Achtsamkeit finden wir sicher Dinge, die uns erfreuen und inspirieren, und andere, die uns eher stressen und belasten.

Die eigene Energie ist eng mit unserer körperlichen und mentalen Gesundheit verbunden. Methoden zur Förderung der körperlichen Gesundheit sind gut bekannt: eine ausgewogene Ernährung, regelmäßige Bewegung sowie ausreichend Schlaf und Erholung. Bei der nicht minder wichtigen emotionalen Balance wird es schon etwas komplizierter. Stress abzubauen, die eigenen Grenzen zu kennen oder solche zum Schutz zu setzen sowie die Konzentration auf Positives und Sinnvolles wären Ansätze.

Der emotionale ist auch der Bereich, über den «Energie-Räuber» bevorzugt attackieren. Das sind zum Beispiel Dinge wie Überforderung, Perfektionismus oder mangelhafte Kommunikation. Social Media gehören ganz sicher auch dazu. Sie stehlen uns nicht nur Zeit, sondern sind höchst manipulativ und erhöhen laut einer aktuellen Studie das Risiko für psychische Probleme wie Angstzustände und Depressionen.

Geben wir negativen oder gar bösen Menschen keine Macht über uns. Das Dauerfeuer der letzten Jahre mit Krisen, Konflikten und Gefahren sollte man zwar kennen, darf sich aber davon nicht runterziehen lassen. Das Ziel derartiger konzertierter Aktionen ist vor allem, unsere innere Stabilität zu zerstören, denn dann sind wir leichter zu steuern. Aber Geduld: Selbst vermeintliche «Sonnenköniginnen» wie EU-Kommissionspräsidentin von der Leyen fallen, wenn die Zeit reif ist.

Es ist wichtig, dass wir unsere ganz eigenen Bedürfnisse und Werte erkennen. Unsere Energiequellen müssen wir identifizieren und aktiv nutzen. Dazu gehören soziale Kontakte genauso wie zum Beispiel Hobbys und Leidenschaften. Umgeben wir uns mit Sinnhaftigkeit und lassen wir uns nicht die Energie rauben!

Mein Wahlspruch ist schon lange: «Was die Menschen wirklich bewegt, ist die Kultur.» Jetzt im Frühjahr beginnt hier in Andalusien die Zeit der «Ferias», jener traditionellen Volksfeste, die vor Lebensfreude sprudeln. Konzentrieren wir uns auf die schönen Dinge und auf unsere eigenen Talente – soziale Verbundenheit wird helfen, unsere innere Kraft zu stärken und zu bewahren.

[Titelbild: Pixabay]

---

Dieser Beitrag wurde mit dem Pareto-Client geschrieben und ist zuerst auf Transition News erschienen.

@ bc6ccd13:f53098e4

Bullshit Jobs, for those unfamiliar, is the title of a 2018 book by anthropologist David Graeber. It’s well worth a read just for the fascinating research and the engaging writing style. The premise of the book is that many people work in jobs that contribute nothing to society, and would not be missed if they suddenly vanished overnight.

The data backs this up. In a 2015 British poll that asked “does your job make a meaningful contribution to the world?”, 37 percent of people said no, and another 13 percent weren’t sure. That’s fully half the population who can’t confidently say their job is even worth doing. And other polls have found similar or worse results.

The book was inspired by the overwhelming response to a 2013 article Graeber wrote titled On the Phenomenon of Bullshit Jobs: A Work Rant. The point I’d like to address is found here.

Over the course of the last century, the number of workers employed as domestic servants, in industry, and in the farm sector has collapsed dramatically. At the same time, ‘professional, managerial, clerical, sales, and service workers’ tripled, growing ‘from one-quarter to three-quarters of total employment.’ In other words, productive jobs have, just as predicted, been largely automated away (even if you count industrial workers globally, including the toiling masses in India and China, such workers are still not nearly so large a percentage of the world population as they used to be.)

But rather than allowing a massive reduction of working hours to free the world’s population to pursue their own projects, pleasures, visions, and ideas, we have seen the ballooning of not even so much of the ‘service’ sector as of the administrative sector, up to and including the creation of whole new industries like financial services or telemarketing, or the unprecedented expansion of sectors like corporate law, academic and health administration, human resources, and public relations.

These are what I propose to call ‘bullshit jobs’.

It’s as if someone were out there making up pointless jobs just for the sake of keeping us all working. And here, precisely, lies the mystery. In capitalism, this is precisely what is not supposed to happen. Sure, in the old inefficient socialist states like the Soviet Union, where employment was considered both a right and a sacred duty, the system made up as many jobs as they had to (this is why in Soviet department stores it took three clerks to sell a piece of meat). But, of course, this is the sort of very problem market competition is supposed to fix. According to economic theory, at least, the last thing a profit-seeking firm is going to do is shell out money to workers they don’t really need to employ. Still, somehow, it happens.

While corporations may engage in ruthless downsizing, the layoffs and speed-ups invariably fall on that class of people who are actually making, moving, fixing and maintaining things; through some strange alchemy no one can quite explain, the number of salaried paper-pushers ultimately seems to expand, and more and more employees find themselves, not unlike Soviet workers actually, working 40 or even 50 hour weeks on paper, but effectively working 15 hours just as Keynes predicted, since the rest of their time is spent organizing or attending motivational seminars, updating their facebook profiles or downloading TV box-sets.

The answer clearly isn’t economic: it’s moral and political.

In the book, Graeber expands on this idea with a very entertaining description of the many flavors of bullshit jobs, based on anecdotes from readers of his article. He follows that up with theories speculating on the cause of this situation. And wraps it all up with the conclusion that basically capitalists are all big meanies and invent bullshit jobs just to torture people and prevent the arrival of the Marxist utopia where no one has to do much real work and we all sit around and sing kumbaya and discuss philosophy. That’s too harsh a criticism of a very well researched and written book, but I have to confess I was sorely disappointed the first time I read it by the author’s failure to even entertain what seems like the obvious alternative explanation.

Graeber acknowledges in the book that it’s not surprising bullshit jobs exist inside government, although he doesn’t focus strongly enough on why that is. Like he does in the article, he tries to brush it off with the excuse that the same problem exists in the private sector. As he acknowledges, this isn’t supposed to happen in capitalism. He realizes that it makes no logical economic sense for a profit-seeking firm to hire workers to do nothing productive.

But then he follows that acknowledgement with the claim that “The answer clearly isn’t economic: it’s moral and political.” I’m sorry, what? How is that clear? How do you go from stating an obvious economic fact, to denying that the problem is economic, and call it “clear”.

“Still, somehow, it happens,” is not anywhere close to a sufficient explanation to rule out an economic factor.

The economic explanation

First, some definitions.

Capitalism is defined as “an economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market.”

A free market is “an economic system in which prices are based on competition among private businesses and are not controlled or regulated by a government: a market operating by free competition.”

Now that we made sure we’re talking about the same thing, we can analyze this issue logically.

Capitalism and free markets work through competition for customers. It’s an economic law that a customer won’t pay more for the same good or service when they could pay less. Someone can try to make obscure and esoteric objections and force me to emphasize the word “same” and analyze what the good or service being purchased actually is, but everyone else understands this intuitively. So if two companies are offering the same product for sale, all things being equal, the company offering lower prices will attract the customers. Pretty simple stuff.

Of course, the goal for the company is to generate profits. It’s literally in the definition of the word “capitalism”. So any system in which companies have a goal other than generating profits is, by definition, not capitalism.

A company can increase its profits two ways: raising prices, or lowering costs. We don’t have to get too philosophical to realize that if a company is paying someone to do nothing, the company could increase profits by firing that person and lowering their costs of production.

So the question is, why don’t they? Why do they hire people who increase their costs and lower their profits, thereby making them less competitive? And more importantly, if they do make that mistake, why don’t their competitors undercut their prices and take all the customers and bankrupt them?

I don’t think we can dismiss the economic factor as off-handedly as Graeber does. After all, making a profit is the fundamental, definitional purpose of a business or company in a capitalist economy. To say “companies in this capitalist economy are doing something completely antithetical to the very principles and definition of capitalism, so obviously they’re not doing it for economic reasons” is something of a non sequitur.

The conclusion, to me, seems obvious. We don’t have a capitalist economy. As far as I can tell, that’s true by definition. If companies aren’t even trying to achieve the goal companies must achieve to survive in a capitalist economy, and somehow they’re still surviving, that’s proof of the non-capitalist nature of the economy.

Which part of the capitalist system are we missing?

Well, let’s start with the obvious: there’s a lot of government in our economy. The government isn’t privately owned, which makes it not capitalist by definition. So any part of the economy that’s government is not capitalist.

Why is government not capitalist? Because government is not motivated to provide goods and services at a profit. Why not? Because government does not sell goods and services into a free market. Government gives away goods and services to its “customers” for free, because they’re paid for by people other than the consumers of the service. That payment comes in one of two ways: taxes, and debt. It’s not a voluntary transaction.

Which part of the capitalist system might private companies be missing?

They could be lacking competition. That is, operating a monopoly or cartel. If there’s no competing business to provide goods at lower prices, the company could hire people for useless jobs and compensate by raising prices. This places them outside the definition of capitalism, since “free competition” is part of the definition of a free market. Monopolies and cartels often develop and survive through protection by the government, which emphasizes their un-capitalistic nature.

They could be in a temporary situation where the people making the management decisions are sufficiently insulated from the market forces at play that their poor decisions can persist for a while. Many companies begin to lose their competitive edge at some point, after getting big enough to have economic inertia and for the management to be less accountable for business performance. If a company has grown big enough, they can start making poor financial decisions and absorb the lost profits, sometimes for years, before losing their market share to a smaller, more competitive rival. This isn’t really an absence of capitalism, just the natural creative destruction necessary for capitalism to function. The problem comes when a company that’s obviously uncompetitive is prevented from failing through un-capitalistic means. Maybe they’re big enough and wealthy enough to pressure the government into granting them monopoly status. This doesn’t have to be open, it’s often through creating such an impenetrable legal morass around the industry that no competitor can emerge. Or it can be in the form of a “too big to fail” direct government bailout.

The company could also be lacking that essential link between customer satisfaction and business income. In other words, maybe they aren’t selling to their customers. That can happen for various reasons.

Some companies are “private companies” but sell to the government. The government is not a customer in the capitalist sense, because the government spends money taken coercively from its subjects, not money earned voluntarily in the free market. So any company like Raytheon or Boeing that survives off government contracts can’t be accurately called a capitalist organization.

In an industry like healthcare, where the insurance companies are the middlemen in basically all transactions between patients and doctors, there are also lots of ways for bullshit jobs to proliferate. Patients don’t care how much a procedure costs, just that it helps them. Doctors don’t care how much a procedure costs, just that the insurance company will pay for it. And insurance companies don’t care whether a procedure helps the patient, they just want to collect as many premiums as possible while paying out as little for care as possible. The fact that the patient isn’t paying the doctor for their care breaks the necessary link between customer and producer that’s essential for a free market to function. That combines with the regulatory moat and cartel-like structure of the healthcare industry to prevent the competitive function of capitalism from occurring.

Companies could also be surviving off of money from someone other than their customers: bankers and investors. There’s obviously a role in a capitalist system for investors to support a new venture until it’s able to attract customers and establish a stable and profitable business model. But many companies today exist for much longer than economically reasonable without turning a profit. In the US, almost 2,000 of the 5,000 publicly traded companies with data available were classified as “zombie companies”, meaning they don’t even make enough profit to pay the interest on their debt. So they’re going deeper in the hole every year. How can this continue?

Well, the alternative to paying off your debt, is to borrow even more money to make payments on the debt you already owe. If this sounds similar to how the US government survives, then you’re beginning to get the picture.

How can banks keep loaning money to unprofitable businesses? And why would they do it? It doesn’t make sense… until you understand how banking works.

That’s really the core focus of most of my writing, and I’ve written multiple articles on money and banking explaining how the system works as I understand it. This would be a good one focused on banking specifically.

nostr:naddr1qvzqqqr4gupzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqqt4g6r994pxjeedgfsku6edf35k2tt5de4nvdtzhjwrp2

To very briefly recap, banks don’t make loans by taking in money from depositors and loaning that money to borrowers. Instead, banks create new money that never existed before out of thin air and loan that new money to borrowers. Banks make a profit by charging borrowers interest on this newly created money, which costs them nothing to create. A pretty cushy gig, if you can get it.

So from the perspective of the banks, the more loans and debt outstanding, the better. Every dollar of debt is a dollar they can collect interest on. It cost them nothing to create, so the more, the merrier. In fact, the banks would prefer that the loan principle never be repaid, because once it’s repaid, they can no longer collect interest on that loan until they make another loan to replace it. As long as the borrower keeps paying interest, the banks are happy. And if they need to lend the borrower some more money so he can afford to pay the interest, that’s fine too. Anything but letting the loan default.

Given those incentives, how do you expect a chart of the outstanding loans and credit of US commercial banks to look?

If you guessed up only, you’d be correct.

So what does this banking system have to do with bullshit jobs? Well, I’d argue that the fractionally reserved fiat banking system, in and of itself, is an anti-capitalist system. Money is the communication layer of capitalism, as I’ve previously written.

nostr:naddr1qvzqqqr4gupzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqq247t2dvet9q4tsg4qng36lxe6kc4nftayyy89kua2

When one group of people can create money out of thin air, they have the ability to reallocate wealth in the economy. As long as the money is still functional, of course. Too much money creation and wealth reallocation, and people stop trusting the money. That’s when inflation becomes hyperinflation, the money no longer functions, and the whole system implodes.

Wealth reallocation by a small select group is the essence of a centrally planned socialist/Marxist economy. And we all know how efficient those economies are. In fact, Graeber himself mentioned the inefficiency of socialist states like the Soviet Union in his original article, and was not at all surprised by the existence of bullshit jobs in such an economic system. When wealth can be reallocated by central planners without regard to people’s preferences in a free market, inefficiency is never punished, so zombie companies full of bullshit jobs never go bankrupt.

The same thing happens under our “capitalist” system. Zombie companies full of bullshit jobs can get almost unlimited funding from too-big-to-fail banks, who don’t care whether they repay the loans, as long as they stay in business and keep making the interest payments. Sometimes the funding is in the form of loans directly, sometimes it’s in the form of massive stock market bubbles inflated by the endless money creation, sometimes through junk bond issuance funded by the same bubble economics, and sometimes it’s venture capital funds flush with liquidity for the same reason. Regardless, the cause, and the outcome, are the same.

The corrupt bankers own the corrupt politicians, so when the inevitable so-called black swan event occurs and the rotten edifice starts to quiver, another bailout is promptly rolled out. The government borrows trillions from their owners over at the Federal Reserve, who create the money out of thin air. The government sends it on over to the bankers who got caught with their hand in the cookie jar once again, and they paper over the massive holes in their balance sheet caused by blowing asset bubbles and funding inefficient zombie companies. Or sometimes, the government skips the middlemen entirely and bails out Boeing or whoever it happens to be directly.

And once again, bullshit jobs that couldn’t survive free market competition are rewarded at the expense of savers and taxpayers. As always, this flood of new liquidity flows out through the economy, causing inflation and boosting income for other inefficient companies that also deserved to fail. Creative destruction, a fundamental feature of a capitalist system, is avoided once again.

In my opinion, the banking system is at the root of the problem causing the proliferation of bullshit jobs. The system itself is, by design, fundamentally anti-capitalist in nature and function. It’s really a giant privately owned economic central planning system, in which a small fraction of people determine how resources are allocated, with privatized profits and socialized losses. The Soviet technocrats would be jealous.

Unfortunately, the bankers have successfully connected their industry so tightly to the term “capitalist” that showing people they’re anything but is almost impossible. To paraphrase the well-known quote, the greatest trick the bankers ever pulled was convincing the world that they’re the real capitalists.

Until the banking and monetary system fundamentally changes, inefficiency will persist and bullshit jobs will continue to proliferate. In my opinion, the problem is very much an economic problem. And it’s not a “late-stage capitalism” problem, it’s a “capitalism left the building a century ago” problem. We don’t need to get rid of capitalism, we’ve already done that. We need to bring sound money, and with it the possibility of a capitalist economy, back again.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• The latest firmware updates for COLDCARD devices introduce two major features: COLDCARD Co-sign (CCC) and Key Teleport between two COLDCARD Q devices using QR codes and/or NFC with a website.

What's new

• COLDCARD Co-Sign: When CCC is enabled, a second seed called the Spending Policy Key (Key C) is added to the device. This seed works with the device's Main Seed and one or more additional XPUBs (Backup Keys) to form 2-of-N multisig wallets.
  • The spending policy functions like a hardware security module (HSM), enforcing rules such as magnitude and velocity limits, address whitelisting, and 2FA authentication to protect funds while maintaining flexibility and control, and is enforced each time the Spending Policy Key is used for signing.
  • When spending conditions are met, the COLDCARD signs the partially signed bitcoin transaction (PSBT) with the Main Seed and Spending Policy Key for fund access. Once configured, the Spending Policy Key is required to view or change the policy, and violations are denied without explanation.

"You can override the spending policy at any time by signing with either a Backup Key and the Main Seed or two Backup Keys, depending on the number of keys (N) in the multisig."

• A step-by-step guide for setting up CCC is available here.

• Key Teleport for Q devices allows users to securely transfer sensitive data such as seed phrases (words, xprv), secure notes and passwords, and PSBTs for multisig. It uses QR codes or NFC, along with a helper website, to ensure reliable transmission, keeping your sensitive data protected throughout the process.

  • For more technical details, see the protocol spec.

"After you sign a multisig PSBT, you have option to “Key Teleport” the PSBT file to any one of the other signers in the wallet. We already have a shared pubkey with them, so the process is simple and does not require any action on their part in advance. Plus, starting in this firmware release, COLDCARD can finalize multisig transactions, so the last signer can publish the signed transaction via PushTX (NFC tap) to get it on the blockchain directly."

• Multisig transactions are finalized when sufficiently signed. It streamlines the use of PushTX with multisig wallets.
• Signing artifacts re-export to various media. Users are now provided with the capability to export signing products, like transactions or PSBTs, to alternative media rather than the original source. For example, if a PSBT is received through a QR code, it can be signed and saved onto an SD card if needed.
• Multisig export files are signed now. Public keys are encoded as P2PKH address for all multisg signature exports. Learn more about it here.
• NFC export usability upgrade: NFC keeps exporting until CANCEL/X is pressed.
• Added Bitcoin Safe option to Export Wallet.
• 10% performance improvement in USB upload speed for large files.
• Q: Always choose the biggest possible display size for QR.

Fixes

• Do not allow change Main PIN to same value already used as Trick PIN, even if Trick PIN is hidden.
• Fix stuck progress bar under Receiving... after a USB communications failure.
• Showing derivation path in Address Explorer for root key (m) showed double slash (//).
• Can restore developer backup with custom password other than 12 words format.
• Virtual Disk auto mode ignores already signed PSBTs (with “-signed” in file name).
• Virtual Disk auto mode stuck on “Reading…” screen sometimes.
• Finalization of foreign inputs from partial signatures. Thanks Christian Uebber!
• Temporary seed from COLDCARD backup failed to load stored multisig wallets.
• Destroy Seed also removes all Trick PINs from SE2.
• Lock Down Seed requires pressing confirm key (4) to execute.
• Q only: Only BBQr is allowed to export Coldcard, Core, and pretty descriptor.

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Price Breaks Record All Time High With Surge Above $109,000

Bitcoin soared to a new all-time high today, crossing $109,000 and peaking at $109,800 before settling at $109,378 on Coinbase. The historic price milestone comes as institutional inflows and favorable policy developments fuel growing confidence in the world’s leading digital asset. 

BREAKING: #BITCOIN HAS HIT A NEW ALL TIME HIGH pic.twitter.com/3TeTlF6bIS

— Bitcoin Magazine (@BitcoinMagazine) May 21, 2025

Bitcoin’s ascent reflects a surge in momentum across traditional finance and political circles. Nearly $1 billion in inflows poured into Bitcoin ETFs over just two trading days this week, according to data from Farside Investors—underscoring the deepening demand from institutional investors. 

“Bitcoin is pushing toward new highs with strong tailwinds behind it—from steady ETF inflows to a broader shift in political tone,” said Joe DiPasquale, CEO of BitBull Capital. “This doesn’t feel like a short-term squeeze—it’s a more sustained bid that reflects a structural shift in how investors are viewing Bitcoin. It’s moving from a speculative trade to a strategic allocation.” 

Bitcoin’s consistent performance and growing adoption among institutional players have increasingly positioned it as more than just a speculative asset. As traditional financial institutions—including JPMorgan—open channels for client access to Bitcoin, and as industry leaders like Coinbase are added to major indexes, Bitcoin’s role as a cornerstone of the modern financial system continues to solidify.

Investor enthusiasm has also been supported by legislative progress in Washington. The U.S. Senate this week advanced bipartisan legislation to create a federal framework for stablecoins—a major win for the digital asset industry and a sign of increasing government engagement with crypto infrastructure. 

JUST IN: Legislation to create a regulatory framework for stablecoins The GENIUS Act passes motion to proceed to the consideration of the bill

The bill now goes to the amendment process. pic.twitter.com/KjDAAofZSj

— Bitcoin Magazine (@BitcoinMagazine) May 21, 2025

“Stablecoin legislation is about to pass the Senate, and Bitcoin just hit a new all time high,” President Donald Trump’s AI & Crypto Czar David Sacks posted today on X

Additionally, President Donald Trump has embraced the sector with vocal support and direct policy action. Earlier this year, his administration established an official “strategic bitcoin reserve” for the U.S. government and eased several regulatory pressures on major crypto firms, reinforcing Bitcoin’s standing as a legitimate financial instrument. 

With market dynamics aligning and global interest accelerating, Bitcoin’s breakout above $109,800 marks not just a record high but may be a sign of what’s next to come. 

“If you’re not buying bitcoin at the all-time high, you’re leaving money on the table,” posted Strategy Executive Chairman Michae Saylor. 

This post Bitcoin Price Breaks Record All Time High With Surge Above $109,000 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 08f96856:ffe59a09

เมื่อพูดถึง Bitcoin Standard หลายคนมักนึกถึงภาพโลกอนาคตที่ทุกคนใช้บิตคอยน์ซื้อกาแฟหรือของใช้ในชีวิตประจำวัน ภาพแบบนั้นดูเหมือนไกลตัวและเป็นไปไม่ได้ในความเป็นจริง หลายคนถึงกับพูดว่า “คงไม่ทันเห็นในช่วงชีวิตนี้หรอก” แต่ในมุมมองของผม Bitcoin Standard อาจไม่ได้เริ่มต้นจากการที่เราจ่ายบิตคอยน์โดยตรงในร้านค้า แต่อาจเริ่มจากบางสิ่งที่เงียบกว่า ลึกกว่า และเกิดขึ้นแล้วในขณะนี้ นั่นคือ การล่มสลายทีละน้อยของระบบเฟียตที่เราใช้กันอยู่

ระบบเงินที่อิงกับอำนาจรัฐกำลังเข้าสู่ช่วงขาลง รัฐบาลทั่วโลกกำลังจมอยู่ในภาระหนี้ระดับประวัติการณ์ แม้แต่ประเทศมหาอำนาจก็เริ่มแสดงสัญญาณของภาวะเสี่ยงผิดนัดชำระหนี้ อัตราเงินเฟ้อกลายเป็นปัญหาเรื้อรังที่ไม่มีท่าทีจะหายไป ธนาคารที่เคยโอนฟรีเริ่มกลับมาคิดค่าธรรมเนียม และประชาชนก็เริ่มรู้สึกถึงการเสื่อมศรัทธาในระบบการเงินดั้งเดิม แม้จะยังพูดกันไม่เต็มเสียงก็ตาม

ในขณะเดียวกัน บิตคอยน์เองก็กำลังพัฒนาแบบเงียบ ๆ เงียบ... แต่ไม่เคยหยุด โดยเฉพาะในระดับ Layer 2 ที่เริ่มแสดงศักยภาพอย่างจริงจัง Lightning Network เป็น Layer 2 ที่เปิดใช้งานมาได้ระยะเวลสหนึ่ง และยังคงมีบทบาทสำคัญที่สุดในระบบนิเวศของบิตคอยน์ มันทำให้การชำระเงินเร็วขึ้น มีต้นทุนต่ำ และไม่ต้องบันทึกทุกธุรกรรมลงบล็อกเชน เครือข่ายนี้กำลังขยายตัวทั้งในแง่ของโหนดและการใช้งานจริงทั่วโลก

ขณะเดียวกัน Layer 2 ทางเลือกอื่นอย่าง Ark Protocol ก็กำลังพัฒนาเพื่อตอบโจทย์ด้านความเป็นส่วนตัวและประสบการณ์ใช้งานที่ง่าย BitVM เปิดแนวทางใหม่ให้บิตคอยน์รองรับ smart contract ได้ในระดับ Turing-complete ซึ่งทำให้เกิดความเป็นไปได้ในกรณีใช้งานอีกมากมาย และเทคโนโลยีที่น่าสนใจอย่าง Taproot Assets, Cashu และ Fedimint ก็ทำให้การออกโทเคนหรือสกุลเงินที่อิงกับบิตคอยน์เป็นจริงได้บนโครงสร้างของบิตคอยน์เอง

เทคโนโลยีเหล่านี้ไม่ใช่การเติบโตแบบปาฏิหาริย์ แต่มันคืบหน้าอย่างต่อเนื่องและมั่นคง และนั่นคือเหตุผลที่มันจะ “อยู่รอด” ได้ในระยะยาว เมื่อฐานของความน่าเชื่อถือไม่ใช่บริษัท รัฐบาล หรือทุน แต่คือสิ่งที่ตรวจสอบได้และเปลี่ยนกฎไม่ได้

แน่นอนว่าบิตคอยน์ต้องแข่งขันกับ stable coin, เงินดิจิทัลของรัฐ และ cryptocurrency อื่น ๆ แต่สิ่งที่ทำให้มันเหนือกว่านั้นไม่ใช่ฟีเจอร์ หากแต่เป็นความทนทาน และความมั่นคงของกฎที่ไม่มีใครเปลี่ยนได้ ไม่มีทีมพัฒนา ไม่มีบริษัท ไม่มีประตูปิด หรือการยึดบัญชี มันยืนอยู่บนคณิตศาสตร์ พลังงาน และเวลา

หลายกรณีใช้งานที่เคยถูกทดลองในโลกคริปโตจะค่อย ๆ เคลื่อนเข้ามาสู่บิตคอยน์ เพราะโครงสร้างของมันแข็งแกร่งกว่า ไม่ต้องการทีมพัฒนาแกนกลาง ไม่ต้องพึ่งกลไกเสี่ยงต่อการผูกขาด และไม่ต้องการ “ความเชื่อใจ” จากใครเลย

Bitcoin Standard ที่ผมพูดถึงจึงไม่ใช่การเปลี่ยนแปลงแบบพลิกหน้ามือเป็นหลังมือ แต่คือการ “เปลี่ยนฐานของระบบ” ทีละชั้น ระบบการเงินใหม่ที่อิงอยู่กับบิตคอยน์กำลังเกิดขึ้นแล้ว มันไม่ใช่โลกที่ทุกคนถือเหรียญบิตคอยน์ แต่มันคือโลกที่คนใช้อาจไม่รู้ตัวด้วยซ้ำว่า “สิ่งที่เขาใช้นั้นอิงอยู่กับบิตคอยน์”

ผู้คนอาจใช้เงินดิจิทัลที่สร้างบน Layer 3 หรือ Layer 4 ผ่านแอป ผ่านแพลตฟอร์ม หรือผ่านสกุลเงินใหม่ที่ดูไม่ต่างจากเดิม แต่เบื้องหลังของระบบจะผูกไว้กับบิตคอยน์

และถ้ามองในเชิงพัฒนาการ บิตคอยน์ก็เหมือนกับอินเทอร์เน็ต ครั้งหนึ่งอินเทอร์เน็ตก็ถูกมองว่าเข้าใจยาก ต้องพิมพ์ http ต้องรู้จัก TCP/IP ต้องตั้ง proxy เอง แต่ปัจจุบันผู้คนใช้งานอินเทอร์เน็ตโดยไม่รู้ว่าเบื้องหลังมีอะไรเลย บิตคอยน์กำลังเดินตามเส้นทางเดียวกัน โปรโตคอลกำลังถอยออกจากสายตา และวันหนึ่งเราจะ “ใช้มัน” โดยไม่ต้องรู้ว่ามันคืออะไร

หากนับจากช่วงเริ่มต้นของอินเทอร์เน็ตในยุค 1990 จนกลายเป็นโครงสร้างหลักของโลกในสองทศวรรษ เส้นเวลาของบิตคอยน์ก็กำลังเดินตามรอยเท้าของอินเทอร์เน็ต และถ้าเราเชื่อว่าวัฏจักรของเทคโนโลยีมีจังหวะของมันเอง เราก็จะรู้ว่า Bitcoin Standard นั้นไม่ใช่เรื่องของอนาคตไกลโพ้น แต่มันเกิดขึ้นแล้ว

siamstr

@ cae03c48:2a7d6671

Bitcoin Magazine

Metaplanet Hits New All Time High As Bitcoin Hits Record Price

Metaplanet Inc., Japan’s leading Bitcoin treasury company, surged to a new all time high in market capitalization this week, propelled by Bitcoin’s own historic ATH. The firm’s aggressive Bitcoin acquisition strategy, innovative financing, and rising investor confidence have driven its valuation to ¥470.3 billion, up 554.5% year-to-date, closely tracking Bitcoin’s surge past its new ATH of $109,500 today.

In just over a year, Metaplanet has expanded its holdings from 98 BTC to 7,800 BTC (as of May 19, 2025), acquired at an average price of $103,873 per coin. That stash is now worth over $800 million, as Bitcoin’s record-breaking run this year.

The latest rise followed the company’s announcement of completing the full exercise of its 13th to 17th series of stock acquisition rights under its innovative “21 Million Plan.” This equity financing campaign raised ¥93.3 billion in just 60 trading days, fueling additional Bitcoin purchases, without diluting shareholder value. In a rare move, these MS Warrants were issued at a 6.8% premium over the share price at the time. 

Since announcing its listing on the OTCQX Market, Metaplanet’s growth has been relentless. “We are thrilled to begin trading on the OTCQX Market, enabling greater access for U.S. investors to participate in Metaplanet’s journey,” said the President of Metaplanet Simon Gerovich. “As Asia’s only dedicated Bitcoin Treasury Company, this step reflects our commitment to advancing Bitcoin adoption globally while enhancing shareholder value.”

Metaplanet’s growth is more than just a case of good timing; it reflects a strong, deliberate alignment with Bitcoin’s price action. Since shifting to a Bitcoin-focused strategy in 2024, the company has posted impressive quarterly BTC yields of 41.7%, 309.8%, 95.6%, and 47.8%. These returns have helped drive its net asset value up by 103.1 times and its market capitalization by 138.1 times, following Bitcoin’s rapid climb.

In Q1 FY2025, Metaplanet reported its strongest financial results yet. Revenue increased 8% quarter-over-quarter to ¥877 million, while operating profit rose 11% to ¥593 million. Net income surged to ¥5.0 billion, complemented by unrealized gains of ¥13.5 billion from its Bitcoin holdings, further strengthening the company’s balance sheet.

Although Bitcoin prices dipped briefly at the end of March, causing a ¥7.4 billion valuation loss, Metaplanet swiftly recovered as BTC surged to new record levels. This strong connection with Bitcoin’s performance has led many investors to use Metaplanet as an investment vehicle to get Bitcoin exposure on the Tokyo Stock Exchange.

Apparently Metaplanet is the most shorted stock in Japan. Do they really think betting against Bitcoin is a winning strategy? pic.twitter.com/SAKsOMO4MX

— Simon Gerovich (@gerovich) May 21, 2025

This post Metaplanet Hits New All Time High As Bitcoin Hits Record Price first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ b1ddb4d7:471244e7

Custodial Lightning wallets allow users to transact without managing private keys or channel liquidity. The provider handles technical complexities, but this convenience comes with critical trade-offs:

• You don’t control your keys: The custodian holds your bitcoin.
• Centralized points of failure: Servers can be hacked or shut down.
• Surveillance risks: Providers track transaction metadata.

Key Risks of Custodial Lightning Wallets

*1. Hacks and Exit Scams*

Custodians centralize large amounts of bitcoin, attracting hackers:

• Nearly $2.2 billion worth of funds were stolen from hacks in 2024.
• Lightning custodians suffered breaches, losing user funds.

Unlike non-custodial wallets, victims have no recourse since they don’t hold keys.

*2. Censorship and Account Freezes*

Custodians comply with regulators, risking fund seizures:

• Strike (a custodial Lightning app) froze accounts of users in sanctioned regions.
• A U.K. court in 2020 ordered Bitfinex to freeze bitcoin worth $860,000 after the exchange and blockchain sleuthing firm Chainalysis traced the funds to a ransomware payment.

*3. Privacy Erosion*

Custodians log user activity, exposing sensitive data:

• Transaction amounts, receiver addresses, and IPs are recorded.

*4. Service Downtime*

Centralized infrastructure risks outages.

*5. Inflation of Lightning Network Centralization*

Custodians dominate liquidity, weakening network resilience:

• At the moment, 10% of the nodes on Lightning control 80% of the liquidity.
• This centralization contradicts bitcoin’s decentralized ethos.

How to Switch to Self-Custodial Lightning Wallets

Migrating from custodial services is straightforward:

*1. Choose a Non-Custodial Wallet*

Opt for wallets that let you control keys and channels:

• Flash: The self-custodial tool that lets you own your keys, control your coins, and transact instantly.
• Breez Wallet : Non-custodial, POS integrations.
• Core Lightning : Advanced, for self-hosted node operators.

*2. Transfer Funds Securely*

• Withdraw funds from your custodial wallet to a bitcoin on-chain address.
• Send bitcoin to your non-custodial Lightning wallet.

*3. Set Up Channel Backups*

Use tools like Static Channel Backups (SCB) to recover channels if needed.

*4. Best Practices*

• Enable Tor: Mask your IP (e.g., Breez’s built-in Tor support).
• Verify Receiving Addresses: Avoid phishing scams.
• Regularly Rebalance Channels: Use tools like Lightning Pool for liquidity.

Why Self-Custodial Lightning Matters

• Self-custody: Control your keys and funds.
• Censorship resistance: No third party can block transactions.
• Network health: Decentralized liquidity strengthens Lightning.

Self-custodial wallets now rival custodial ease.

Custodial Lightning wallets sacrifice security for convenience, putting users at risk of hacks, surveillance, and frozen funds. As bitcoin adoption grows, so does the urgency to embrace self-custodial solutions.

Take action today:

1. Withdraw custodial funds to a hardware wallet.
2. Migrate to a self-custodial Lightning wallet.
3. Educate others on the risks of custodial control.

The Lightning Network’s potential hinges on decentralization—don’t let custodians become its Achilles’ heel.

@ 57d1a264:69f1fee1

Payjoin allows the sender and receiver of an on-chain payment to collaborate and create a transaction that breaks on-chain heuristics, allowing a more private transaction with ambiguous payment amount and UTXO ownership. Additionally, it can also be used for UTXO consolidation (receiver saves future fees) and batching payments (receiver can make payment(s) of their own in the process of receiving one), also known as transaction cut-through. Other than improved privacy, the rest of the benefits are typically applicable to the receiver, not the sender.

BIP-78 was the original payjoin protocol that required the receiver to run a endpoint/server (always online) in order to mediate the payjoin process. Payjoin adoption has remained pretty low, something attributed to the server & perpetual online-ness requirement. This is the motivation for payjoin v2.

The purpose of the one-pager is to analyse the protocol, and highlight the UX issues or tradeoffs it entails, so that the payjoin user flows can be appropriately designed and the tradeoffs likewise communicated. A further document on UX solutions might be needed to identify solutions and opportunities

The following observations are generally limited to individual users transacting through their mobile devices:

While users naturally want better privacy and fee-savings, they also want to minimise friction and minimise (optimise) payment time. These are universal and more immediate needs since they deal with the user experience.

Added manual steps

TL;DR v2 payjoin eliminates server & simultaneous user-liveness requirements (increasing TAM, and opportunities to payjoin, as a result) by adding manual steps.

Usually, the extent of the receiver's involvement in the transaction process is limited to sharing their address with the sender. Once they share the address/URI, they can basically forget about it. In the target scenario for v2 payjoin, the receiver must come online again (except they have no way of knowing "when") to contribute input(s) and sign the PSBT. This can be unexpected, unintuitive and a bit of a hassle.

Usually (and even with payjoin v1), the sender crafts and broadcasts the transaction in one go; meaning the user's job is done within a few seconds/minutes. With payjoin v2, they must share the original-PSBT with the receiver, and then wait for them to do their part. Once the the receiver has done that, the sender must come online to review the transaction, sign it & broadcast.

In summary,

In payjoin v1, step 3 is automated and instant, so delay 2, 3 =~ 0. As the user experiences it, the process is completed in a single session, akin to a non-payjoin transaction.

With payjoin v2, Steps 2 & 3 in the above diagram are widely spread and noticeable. These manual steps are separated by uncertain delays (more on that below) when compared to a non-payjoin transaction.

Delays

We've established that both senders and receivers must take extra manual steps to execute a payoin transaction. With payjoin v2, this process gets split into multiple sessions, since the sender and receiver are not like to be online simultaneously.

Delay 2 & 3 (see diagram above) are uncertain in nature. Most users do not open their bitcoin wallets for days or weeks! The receiver must come online before the timeout hits in order for the payjoin process to work, otherwise time is just wasted with no benefit. UX or technical solutions are needed to minimise these delays.

Delays might be exacerbated if the setup is based on hardware wallet and/or uses multisig.

Notifications or background processes

There is one major problem when we say "the user must come online to..." but in reality the user has no way of knowing there is a payjoin PSBT waiting for them. After a PSBT is sent to the relay, the opposite user would only find out about it whenever they happen to come online. Notifications and background sync processes might be necessary to minimise delays. This is absolutely essential to avert timeouts in addition to saving valuable time. Another risk is phantom payjoin stuff after the timeout is expired if receiver-side does not know it has.

Fee Savings

The following observations might be generally applicable for both original and this v2 payjoin version. Fee-savings with payjoin is a tricky topic. Of course, overall a payjoin transaction is always cheaper than 2 separate transactions, since they get to share the overhead.

Additionally, without the receiver contributing to fees, the chosen fee rate of the PSBT (at the beginning) drops, and can lead to slower confirmation. From another perspective, a sender paying with payjoin pays higher fees for similar confirmation target. This has been observed in a production wallet years back. Given that total transaction time can extend to days, the fee environment itself might change, and all this must be considered when designing the UX.

Of course, there is nothing stopping the receiver from contributing to fees, but this idea is likely entirely novel to the bitcoin ecosystem (perhaps payments ecosystem in general) and the user base. Additionally, nominally it involves the user paying fees and tolerating delays just to receive bitcoin. Without explicit incentives/features that encourage receivers to participate, payjoining might seem like an unncessary hassle.

Overall, it seems that payjoin makes UX significant tradeoffs for important privacy (and potential fee-saving) benefits. This means that the UX might have to do significant heavy-lifting, to ensure that users are not surprised, confused or frustrated when they try to transact on-chain in a privacy-friendly feature. Good, timely communication, new features for consolidation & txn-cutthrough and guided user flows seem crucial to ensure payjoin adoption and for help make on-chain privacy a reality for users.

---------------

Original document available here. Reach out at yashrajdca@proton.me, y_a_s_h_r_a_j.70 on Signal, or on reach out in Bitcoin Design discord.

https://stacker.news/items/981388

@ b1ddb4d7:471244e7

The upcoming Bitcoin 2025 conference, scheduled from May 27–29 at the Venetian Conference Center in Las Vegas, is set to make history with an official attempt to break the GUINNESS WORLD RECORDS® title for the most Bitcoin point-of-sale transactions in an eight-hour period.

Organized by BTC Inc, the event will showcase Bitcoin’s evolution from a digital capital asset to a practical medium of exchange, leveraging the latest advancements in payment technology.

Tap-to-Pay with Lightning-Ready Bolt Cards

To facilitate this record-setting attempt, 4,000 Lightning-ready Bolt Cards will be distributed to conference attendees.

pic.twitter.com/Iy7P361u6u

— Uncle Rockstar Developer (@r0ckstardev) May 15, 2025

These NFC-enabled cards allow users to make instant, contactless Bitcoin payments at vendor booths throughout the expo-no apps or QR codes required, just a simple tap. 

The cards are available in four collectible designs, each featuring a prominent figure in Bitcoin’s history: Senator Cynthia Lummis, Michael Saylor, Satoshi Nakamoto, and Jack Dorsey. 

Each attendee will receive a randomly assigned card, making them both functional and collectible souvenirs.

Senator Lummis: A Playful Provocation

Notably, one of the card designs features Senator Cynthia Lummis with laser eyes-a playful nod to her reputation as a leading Bitcoin advocate in US politics. 

While Lummis is known for her legislative efforts to promote Bitcoin integration, she has publicly stated she prefers to “spend dollars and save Bitcoin,” viewing BTC as a long-term store of value rather than a daily currency. 

The choice to feature her on the Bolt Card, could be suggested by Rockstar Dev of the BTC Pay Server Foundation, perhaps a lighthearted way to highlight the ongoing debate about Bitcoin’s role in everyday payments.

Nothing cracks me up quite like a senator that wants the US to buy millions of Bitcoin use dollars to buy a beer at a Bitcoin bar.

This is how unserious some of you are. pic.twitter.com/jftIEggmip

— Magoo PhD (@HodlMagoo) April 4, 2025

How Bolt Cards and the Lightning Network Work

Bolt Cards are physical cards equipped with NFC (Near Field Communication) technology, similar to contactless credit or debit cards. When linked to a compatible Lightning wallet, they enable users to make Bitcoin payments over the Lightning Network by simply tapping the card at a point-of-sale terminal. 

The Lightning Network is a second-layer protocol built on top of Bitcoin, designed to facilitate instant, low-cost transactions ideal for everyday purchases. 

This integration aims to make Bitcoin as easy to use as traditional payment methods, eliminating the need for QR code scanning or mobile apps.

A Showcase for Bitcoin’s Real-World Usability

With over 30,000 attendees, 300 exhibitors, and 500 speakers expected, the Bitcoin 2025 conference is poised to be the largest Bitcoin event of the year-and potentially the most transactional. 

The event will feature on-site activations such as the Official Bitcoin Magazine Store, where all merchandise will be available at a 21% discount for those paying with Bitcoin via the Lightning Network-a nod to Bitcoin’s 21 million coin supply limit.

By deeply integrating Lightning payments into the conference experience, organizers hope to demonstrate Bitcoin’s readiness for mainstream commerce and set a new benchmark for its practical use as a currency.

Conclusion

The Guinness World Record attempt at Bitcoin 2025 is more than a publicity stunt-it’s a bold demonstration of Bitcoin’s technological maturity and its potential to function as a modern, everyday payment method.

Whether or not the record is set, the event will serve as a milestone in the ongoing journey to make Bitcoin a truly global, user-friendly currency

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Definisanje novca
2. Šta je sredstvo razmene?
3. Šta je obračunska jedinica?
4. Šta je zaliha vrednosti?
5. Zašto su važne funkcije novca?
6. Novac Gubi Funkciju: Alhemičar iz Njutonije
7. Eksploatacija pomoću Novca: Agri Perle
8. Novac Gubi Funkciju 2. Deo: Kejnslandski Bankar
9. Da li nas novac danas eksploatiše?
10. Šta je novac, i zašto trebate da brinete?
11. Efikasnija Ušteda Novca
12. Zasluge
13. Molim vas da šerujete!

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Google izveštava o stalnom povećanju interesa u svetu za pitanje „Šta je novac?“ koji se postavlja iz godine u godinu, od 2004. do 2021., a sa naglim porastom nakon finansijske krize 2008. godine.

I izgleda se da niko nema dobar odgovor za to.

Godišnji proseci mesečnih interesa za pretragu. 100 predstavlja najveći interes za pretragu tokom čitavog perioda, koji se dogodio u decembru 2019. Podaci sa Google Trends-a.

Međutim, odgovaranje na ovo naizgled jednostavno pitanje pomoći će vam da razjasnite ulogu novca u vašem životu. Jednom kada shvatite kako novac funkcioniše, tačno ćete videti i zašto svet danas ludi – i šta učiniti povodom toga. Zato hajde da se udubimo u to.

Na pitanje šta je novac, većina ljudi otvori svoje novčanike i pokaže nekoliko novčanica – “evo, ovo je novac!”

Ali po čemu se ove novčanice razlikuju od stranica vaše omiljene knjige? Pa, naravno, zavod za izradu novčanica te zemlje je odštampao te novčanice iz vašeg novčanika kako bi se oduprla falsifikovanju, i svi ih koriste da bi kupili odredjene stvari.

Međutim, Nemačka Marka imala je sva ova svojstva u prošlosti – ali preduzeća danas ne prihvataju te novčanice. Zapravo, građani Nemačke su početkom dvadesetih godina prošlog veka spaljivali papirne Marke kako bi grejali svoje domove. Marka je imala veću vrednost kao papir za potpalu nego kao novac!

1923. nemačka valuta poznata kao Marka bila je jeftinija od uglja i drveta!

Pa šta to čini novac, novcem?

Ispostavilo se da ovo nije pitanje na koje je lako dati odgovor.

Definisanje novca

Novac nije fizička stvar poput novčanice dolara. Novac je društveni sistem koji koristimo da bismo olakšali trgovinu robom i uslugama. Međutim, tokom istorije fizička monetarna dobra igrala su ključnu ulogu u društvenom sistemu novca, često kao znakovi koji predstavljaju vrednost u monetarnom sistemu. Ovaj sistem ima tri funkcije: 1) Sredstvo Razmene, 2) Obračunsku Jedinicu i 3) Zalihu Vrednosti.

Odakle dolaze ove funkcije, i zašto su one vredne?

Šta je sredstvo razmene?

Sredstvo razmene je neko dobro koje se obično razmenjuje za drugo dobro. Najčešće objašnjenje za to kako su se pojavila sredstva razmene glasi otprilike ovako: Boris ima ječam i želeo bi da kupi ovcu od Marka. Marko ima ovce, ali želi samo piliće. Ana ima piliće, ali ona ne želi ječam ili ovce.

To se naziva problem sticaja potreba: dve strane moraju da žele ono što druga ima da bi mogle da trguju. Ako se želje dve osobe ne podudaraju, oni moraju da pronađu druge ljude sa kojima će trgovati dok svi ne pronađu dobro koje žele.

Ljudi koji trguju robom i uslugama moraju da imaju potrebe koje se podudaraju.

Vremenom, veoma je verovatno da će se određena vrsta robe, poput pšenice, pojaviti kao sredstvo razmene jer su je mnogi ljudi želeli. Uzimajući pšenicu kao primer: pšenica je rešila “sticaje potreba” u mnogim zanatima, jer čak i ako onaj koji prima pšenicu a nije želeo da je koristi za sebe, znao je da će je neko drugi želeti.

Ovo nazivamo prodajnost imovine.

Pšenica je dobar primer dobra za prodaju jer svi moraju da jedu, a od pšenice se pravi hleb. Pšenica ima vrednost kao sastojak hleba i kao dobro koje olakšava trgovinu rešavanjem problema „sticaja potreba“.

Razmislite o svojoj želji da dobijete više novčanica u eurima ili drugoj valuti. Ne možete da jedete novčanice da biste preživeli, a i ne bi vam bile od velike koristi ako poželite da ih koristite kao građevinski materijal za vašu kuću. Međutim, znate da sa tim novčanicama možete da kupite hranu i kuću.

Stvarne fizičke novčanice su beskorisne za vas. Novčanice su vam dragocene samo zato što će ih drugi prihvatiti za stvari koje su vama korisne.

Tokom dugog perioda istorije, novac je evoluirao do te mere da monetarno dobro može imati vrednost, a da to dobro ne služi za bilo koju drugu ‘suštinsku’ upotrebu, poput hrane ili energije. Umesto toga, njegova upotreba je zaliha vrednosti i jednostavna zamena za drugu robu u bilo kom trenutku koji poželite.

Šta jedno dobro čini poželjnijim i prodajnijim od drugog dobra?

Deljivost

Definicija: Sposobnost podele dobra na manje količine.

Loš Primer: Dijamante je teško podeliti na manje komade. Za zajednicu od hiljada ljudi koji dnevno izvrše milione transakcija, dijamanti čine loše sredstvo razmene. Previše su retki i nedeljivi da bi se koristili za mnoge transakcije.

Potrebno je puno obuke da bi izrezali dijamant.

Ujednačenost

Definicija: Sličnost pojedinačnih jedinica odredjenog dobra.

Loš Primer: Krave nisu ujednačene – neke su veće, neke manje, neke bolesne, neke zdrave. Sa druge strane, unca čistog zlata je jednolična – jedna unca je potpuno ista kao sledeća. Ovo svojstvo se takođe često naziva zamenljivost.

Svaka je jedinstvena na svoj način.

Prenosivost

Definicija: Lakoća transporta dobra.

Loš Primer: Krava nije baš prenosiva. Zlatnici su prilično prenosivi. Papirne novčanice su još prenošljivije. Knjiga u kojoj se jednostavno beleži vlasništvo nad tim vrednostima (poput Rai kamenog sistema ili digitalnog bankovnog računa) je neverovatno prenosiva, jer nema fizičkog dobra koje treba nositi sa sobom za kupovinu. Postoji samo sistem za evidentiranje vlasništva nad tim vrednostima u nematerijalnom obliku.

Novac star 5000 godina VS novac star 13 godina

Kako dobro postaje sredstvo razmene?

Dobra postaju, i ostaju sredstva razmene zbog svoje univerzalne potražnje, takođe poznate kao njihova prodajnost, čemu pomažu svojstva koja su gore nabrojana.

Mnogo različitih dobara mogu u različitoj meri delovati kao sredstva razmene u ekonomiji. Danas, naša globalna ekonomija koristi valute koje izdaju države, zlato, pa čak i robu poput nafte kao sredstvo razmene.

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Šta je obračunska jedinica?

Stvari se komplikuju kada u ekonomiji postoji mnogo robe koja se prodaje. Čak i sa samo 5 dobara, postoji 10 “kurseva razmene” između svake robe kojih svi u ekonomiji moraju da se sete: 1 svinja se menja za 15 pilića, 1 pile se menja za 15 litara mleka, desetak jaja se menja za 15 litara mleka, i tako dalje. Ako ekonomija ima 50 dobara, među njima postoji 1.225 “kurseva razmene”!

Sredstvo za merenje vrednosti

Zamislite obračunsku jedinicu kao sredstvo za merenje vrednosti. Umesto da se sećamo vrednosti svakog dobra u poredjenju sa drugim dobrima, mi samo treba da se setimo vrednosti svakog dobra u poredjenju sa jednim dobrom – obračunskom jedinicom.

Umesto da se setimo 1.225 kurseva razmene kada imamo 50 proizvoda na tržištu, mi treba da zapamtimo samo 50 cena.

Na primer, ne treba da se sećamo da litar mleka vredi 1/15 piletine ili desetak jaja, možemo da se samo setimo da litar mleka košta 1USD.

Mnogo opcija, sve u istoj obračunskoj jedinici.

Poređenje dobara je lakše sa obračunskom jedinicom

Obračunska jedinica takođe olakšava upoređivanje vrednosti i donošenje odluka. Zamislite da pokušavate da kupite par Nike Air Jordan patika kada ih jedan prodavac prodaje za jedno pile, a drugi za 50 klipova kukuruza.

Šta je zaliha vrednosti?

Do sada smo gledali samo primere transakcija koje se odvijaju u određenom trenutku u vremenu.

Međutim, ljudi vrše transakcije tokom vremena – oni štede novac i troše ga kasnije. Da bi odredjeno dobro moglo da funkcioniše pravilno kao monetarno dobro, ono treba da održi vrednost tokom vremena.

Novac koji vremenom dobro drži vrednost daje njegovom imaocu više izbora kada će taj novac da potroši.

To znači da prodajnost dobra uključuje njegovu sposobnost da održi vrednost tokom vremena.

Šta jedno dobro čini boljom zalihom vrednosti od drugog dobra?

Trajnost

Definicija: Sposobnost dobra da vremenom zadrži svoj oblik.

Loš Primer: Jagode čine lošu zalihu vrednosti jer se lako oštete i brzo trunu.

Odluka je daleko lakša ako jedan prodavac naplaćuje 150 USD, a drugi 200 USD – odmah je očigledno koja je bolja ponuda jer su vrednosti izražene u istoj jedinici.

Nije sjajna forma novca.

Teške za Proizvodnju

Definicija: Teškoće koje ljudi imaju u proizvodnji veće količine dobra.

Loš Primer: Papirne novčanice predstavljaju lošu zalihu vrednosti jer banke i vlade mogu jeftino da ih naprave.

Sa zlatom je suprotno – u ponudi se nalazi ograničena količina uprkos velikoj potražnji za njim, jednostavno zato što ga je vrlo teško iskopati iz zemlje. Ova ograničena ponuda osigurava da svaka jedinica zlata održi vrednost tokom vremena.

Traženje zlata je spora i teška aktivnost. Obično se ne pronađe puno!

Kako dobra postaju zalihe vrednosti?

Dobro postaje zaliha vrednosti ako se vremenom pokaže trajnim i teškim za proizvodnju.

Samo će vreme pokazati da li je neko dobro zaista trajno i da li ga je teško proizvesti. Zbog toga neki oblici novca su postojali vekovima pre nego što je neko otkrio način da ih proizvede više, i na kraju se to dobro više nije koristilo kao novac.

Ovo je priča o školjkama, Rai kamenju i mnogim drugim oblicima novca tokom istorije.

Zlato je primer dobra koje je hiljadama godina služilo kao dobra zaliha vrednosti. Zlato se ne razgrađuje tokom vremena i još uvek ga je teško proizvesti. Hiljadama godina alhemičari su bezuspešno pokušavali da sintetišu zlato iz jeftinih materijala.

Čak i sa današnjim naprednim rudarskim tehnikama, svake godine svi svetski rudnici zlata zajedno mogu da proizvedu samo 2% od ukupne ponude zlata u prometu.

Teškoće u proizvodnji zlata daju izuzetno visok odnos “zaliha i protoka”: zaliha je broj postojećih jedinica, a protok su nove jedinice stvorene tokom određenog vremenskog perioda. Svake godine se stvori vrlo malo novih jedinica zlata, iako je potražnja za zlatom obično vrlo velika.

Kombinujući ovo sa deljivošću, ujednačenošću i prenosivošću zlata, nije ni čudo što je zlato čovečanstvu služilo kao monetarno dobro tokom poslednjih 5.000 godina. Pošto je zlato teško proizvesti, možemo ga nazvati teškim novcem (hard money).

Kao rezultat toga, svoju vrednost je u velikoj meri zadržao kroz milenijume. Cena većine dobara i usluga u pogledu zlata zapravo se vremenom smanjivala kao rezultat tehnoloških inovacija, koje sve proizvode čine jeftinijim.

Uzmimo na primer cene hrane prema praćenju Kancelarije za hranu i poljoprivredu UN-a: sa obzirom na skokove u poljoprivrednoj tehnologiji tokom poslednjih 60 godina, cene hrane drastično su pale kada se procenjuju u zlatu. To čak i važi uprkos činjenici da obični ljudi retko koriste zlato za kupovinu stvari.

Cene hrane su padale u pogledu zlata tokom proteklih 60 godina, i mnogo pre toga (FAO Indeks Cena Hrane u Zlatu)

Zaliha vrednosti omogućava ljudima da uštede novac kako bi mogli da ga ulažu u pokretanje preduzeća i obrazovanje, povećavajući produktivnost društva.

Monetarna dobra koja dobro čuvaju vrednost takođe podstiču dugoročniji pogled na život, ili kratke vremenske preference. Pojedinac može da radi 10 godina, uštedi odredjeno monetarno dobro koje je dobra zaliha vrednosti, i nema potrebe da se plaši da će njegova ušteđevina biti izbrisana krahom tržišta ili povećanjem ponude tog dobra.

Zašto su važne funkcije novca?

Kada neki oblik novca izgubi bilo koju od svojih važnih funkcija kao što su sredstvo razmene, obračunska jedinica i zaliha vrednosti, celokupna ekonomija i društvo mogu da se rastrgnu.

Tokom istorije često vidimo grupe ljudi koje eksploatišu druge iskorišćavajući nesporazume o novcu i važnosti njegovih funkcija.

Sledeće, proći ću kroz istoriju novca, prvo hipotetički da bih ilustrovao poentu, a zatim ću preći na stvarne istorijske primere. Kroz ove primere videćemo štetne efekte na društva u slučajevima kada se izgubi samo jedna od tih ključnih funkcija novca.

Novac Gubi Funkciju: Alhemičar iz Njutonije

Kroz istoriju, mnoga dobra su dolazila i odlazila kao oblici novca. Na žalost, kada se neki oblik novca ukine, ponekad postoji grupa ljudi koja eksploatiše drugi oblik manipulišući tim novcem.

Hajde da pogledamo hipotetičko selo zvano Njutonija da bismo razumeli kako dolazi do ove eksploatacije.

Zelene perle postaju Novac

Tokom stotina godina ribolova u obližnjoj reci, stanovnici Njutonije sakupljali su zelene perle iz vode. Zrnca su mala, lagana, izdržljiva, jednolična i retko se pojavljuju u reci. Ljudi prvo priželjkuju perle zbog svoje lepote. Na kraju, seljani shvataju da svi drugi žele perle – one se vrlo lako mogu prodati. Zrnca uskoro postaju sredstvo razmene i obračunska jedinica u selu: pile je 5 zrna, vreća jabuka 2 zrna, krava 80 zrna.

Ukupna ponuda perli je prilično konstantna i cene se vremenom ne menjaju mnogo. Seoski starešina je uveren da može da se opustiti u poslednjim danima živeći od svoje velike zalihe perli.

Alhemičar stvara više perli

Seoski alhemičar je poželeo da bude bogat čovek, ali nije voleo da vredno radi na tome. Umesto da traži perle u reci ili da prodaje vrednu robu drugim seljanima, on sedeo je u svojoj laboratoriji. Na kraju je otkrio kako da lako stvori stotine perli sa malo peska i vatre.

Seljani koji su tragali za perlama u reci bili su srećni ako bi svaki dan pronašli po 1 zrno. Alhemičar je mogao da proizvede stotine uz malo napora.

Alhemičar troši svoje perle

Budući da je bio prilično zao, alhemičar nije svoj metod pravljenja zrna delio ni sa kim drugim. Stvorio je sebi još više perli i počeo da ih troši za dobra na tržištu u Njutoniji. Tokom sledećih meseci, alhemičar je kupio farmu pilića, nekoliko krava, finu svilu, posteljine i ogromno imanje. On je imao priliku da kupi ova dobra po normalnim cenama na tržištu.

Alhemičarevo trošenje ostavljalo je seljanima mnogo perli, ali malo njihove vredne robe.

Svi seljani su se osećali bogatima – imali su tone perli! Međutim, polako su primetili da i svi ostali takodje imaju tone.

Cene počinju da rastu

Uzgajivač pilića primetio je da sva roba koju je trebalo da kupi na pijaci poskupela. Džak jabuka sada se prodaje za 100 perli – 50 puta više od njihove cene pre nekoliko meseci!

Iako je sada imao hiljade perli, uskoro bi mogao da ostane bez njih zbog ovih cena. Pitao se – da li zaista može sebi da priušti da prodaje svoje piliće za samo 5 perli po komadu? Morao je i on da podigne svoje cene.

Jednostavno rečeno, kao rezultat alhemičarevog trošenja njegovih novostvorenih perli, bilo je previše perli koje su jurile premalo dobara – pa su cene porasle.

Kupci robe bili su spremni da potroše više perli da bi kupili potrebna dobra. Prodavci robe su trebali da naplate više da bi bili sigurni da su zaradili dovoljno da kupe potrebna dobra za sebe.

Budući da su cene svih dobara porasle, možemo reći da se vrednost svake perle smanjila.

Nejednakost bogatstva raste

Seoski starešina, koji je vredno radio da sačuva hiljade perli, sada se našao osiromašenim i gladnim. U međuvremenu, alhemičar je udobno sedeo na svom velikom imanju sa kravama, pilićima i slugama koji su se brinuli za svaki njegov hir.

Alhemičar je efikasno ukrao bogatstvo celog sela, tako što je jeftino proizvodio perle i koristio ih za kupovinu vredne robe.

Ono što je najvažnije, kupio je robu pre nego što je tržište shvatilo da je više perli u opticaju i da ima manje robe, što je dovelo do rasta cena. Ova dodatna proizvodnja perli nije dodala korisnu robu ili usluge selu.

Eksploatacija pomoću Novca: Agri Perle

Nažalost, priča o alhemičaru iz Njutonije nije u potpunosti hipotetička. Ovaj prenos bogatstva kroz stvaranje novca ima istorijske i moderne presedane.

Na primer, afrička plemena su nekada koristila staklene perle, poznate kao “agri perle”, kao sredstvo razmene. U to vreme plemenskim ljudima je bilo veoma teško da prave staklene perle, i one su predstavljale težak novac unutar njihovog plemenskog društva.

Niko nije mogao jeftino da proizvede perle i koristiti ih za kupovinu skupe, vredne robe poput kuća, hrane i odeće.

Perle proizvedene u Gani

Sve se promenilo kada su stigli Evropljani, i primetili upotrebu staklenih perli kao novca.

U to vreme, Evropljani su mogli jeftino da stvaraju staklo u velikim količinama. Kao rezultat toga, Evropljani su počeli tajno da uvoze perle i koriste ih za kupovinu dobara, usluga i robova od Afrikanaca.

Peć za izradu stakla u Muranu, Italija. Ovo ostrvo izvan Venecije proizvodi staklo od 15. veka.

Vremenom se iz Afrike izvlačila vredna roba i ljudi, dok je plemenima ostajalo mnogo perli i malo robe.

Perle su izgubile veći deo vrednosti zbog inflacije uzrokovane snabdevanjem od strane Evropljana.

Rezultat je bio osiromašenje afričkih plemena i bogaćenje Evropljana, kako to ovde objašnjava monetarni istoričar Bezant Denier.

Dragocena roba je kupljena jeftino proizvedenim monetarnim dobrom.

Profitiranje na proizvodnji novca: Emisiona dobit

Ova priča ilustruje kako se bogatstvo prenosi kada jedna grupa može jeftino da proizvodi monetarno dobro.

Razlika između troškova proizvodnje monetarnog dobra i vrednosti tog monetarnog dobra poznata je kao emisiona dobit, eng. seignorage.

Kada je monetarno dobro mnogo vrednije od troškova proizvodnje, ljudi će proizvesti više od monetarnog dobra da bi uhvatili profit od emisione dobiti.

Na kraju će ova povećana ponuda dovesti do pada vrednosti monetarnog dobra. To je zbog zakona ponude i potražnje: kada se ponuda povećava, cena (poznata i kao vrednost) dobra opada.

Novac Gubi Funkciju 2. Deo: Kejnslandski Bankar

U priči o Njutoniji, alhemičar je otkrio način da se od malo peska jeftino stvori više zelenih perli. To se u stvarnosti odigralo kroz trgovinu između Evropljana i Afrikanaca, pričom o agri perlama. Međutim, ove priče su pomalo zastarele – mi više ne trgujemo robom za perle.

Da bismo nas doveli do modernog doba, hajde da promenimo neka imena u našoj priči:

1. Selo Njutonija postaje država koja se zove Kejnsland
2. Alhemičar postaje bankar
3. Seoski starešina postaje penzioner
4. Zelene perle postaju zlato, koje niko ne može jeftinije da stvori – čak ni bankar.

Bankar Menja Papirne Novčanice za Zlato

Kao i u stvarnosti, bankar u ovoj priči nema formulu ili trik da stvori više zlata. Međutim, bankar bezbedno čuva zlato u vlasništvu svakog građanina Kejnslanda. Bankar daje svakom građaninu po jednu potvrdu za svaku uncu zlata koje ima u svom trezoru.

Te potvrde se mogu iskoristiti u bilo koje vreme za stvarno zlato. Papirne potvrde ili novčanice su mnogo pogodnije za plaćanje nego nošenje zlata kroz supermarket.

Građani su srećni – oni imaju prikladno sredstvo plaćanja u vidu bankarevih novčanica, i znaju da niko ne može da ukrade njihovo bogatstvo falsifikujući više zlata.

Građani na kraju počinju da plaćaju u potpunosti papirnim novčanicama, ne trudeći se nikad da zamene svoje novčanice za zlato. Na kraju, novčanice postaju “dobre kao i zlato” – svaka predstavlja fiksnu količinu zlata u bankarevom trezoru.

Ukupno kruži 1.000.000 novčanica, od kojih je svaka otkupljiva za jednu uncu zlata. 1.000.000 unci zlata sedi u bankarevom trezoru. Svaka novčanica je u potpunosti podržana u zlatu.

Starešina koji je sačuvao sve svoje perle u priči o Njutoniji sada je penzioner u Kejnslandu, koji svoje zlato drži u banci i planira da ugodno živi od novčanica koje je dobio zauzvrat.

Hajde da u ovu priču dodamo i novi lik: premijera Kejnslanda. Premijer naplaćuje porez od građana i koristi ga za plaćanje javnih usluga poput policije i vojske. Premijer takođe drži vladino zlato kod bankara.

Bankar Menja Papirne Novčanice za Dug

Premijer želi da osigura da nacionalno zlato ostane na sigurnom, pa banku štiti policijom. Bankar i premijer se zbog toga zbližavaju, pa premijer traži uslugu. Traži od bankara da kreira 200.000 novčanica za premijera, uz obećanje da će mu premijer vratiti za pet godina. Premijeru su novčanice potrebne za finansiranje rata. Građani Kejnslanda borili su se protiv većih poreza zbog finansiranja rata, pa je morao da se obrati bankaru.

Bankar se slaže da izradi novčanice, ali pod jednim uslovom: bankar uzima deo od 10.000 novčanica za sebe. Premijer prihvata posao kojim bankar ’kupuje državni dug’. Sada je u opticaju 1.200.000 novčanica, potpomognutih kombinacijom 1.000.000 unci zlata i ugovorom o dugu sa vladom za 200.000 novčanica.

Premijer troši svoje nove novčanice na bombe kupujući ih od dobavljača iz domaće vojne industrije, a bankar sebi kupuje veliki luksuzni stan.

Dobavljač iz vojne industrije koristi sve nove novčanice koje je dobio od premijera da kupi amonijum nitrat (đubrivo koje se koristi u bombama) za proizvodnju bombi. Sve njegove kupovine povećavaju cenu đubriva za uzgajivače pšenice u Kejnslandu, pa oni podižu cenu pšenice.

Kao uzrok toga, pekar koji kupuje pšenicu treba da podigne cenu svog hleba da bi ostao u poslu. Na taj način cene u Kejnslandu počinju da rastu, baš kao što su to činile u Njutoniji kada su nove perle ušle u opticaj.

Papirne Novčanice Više Ne Predstavljaju Zlato

Penzioner nailazi na finansijski časopis u kojem se pominje premijerov dogovor da se zaduži za finansiranje rata. Obzirom da je mudar, on zna da bombe loše vraćaju ulaganje i sumnja da će premijer ikada da vrati svoj dug.

Ako on ‘podmiri’ svoj dug, to bi ostavilo 1.200.000 novčanica u opticaju sa samo 1.000.000 unci zlata da bi ih podržalo, obezvređujući njegovu ušteđevinu. Već oseća stisak u džepu zbog porasta cena, i on odlučuje da se uputi u lokalnu banku i preda svoje novčanice i zameni ih za zlato, koje niko ne može da napravi u većoj količini.

Kada penzioner stigne u banku, on zatiče i mnoge druge okupljene oko banke. Svi oni se nadaju da će uzeti zlato koje predstavljaju njihove novčanice. Građani Kejnslanda sa pravom se plaše da njihove novčanice gube na vrednosti – oni to već osećaju zbog porasta cena.

Vrata su zaključana, sa obaveštenjem bankara na njima:

Po nalogu premijera, onom koji se plaši za stabilnost ove bankarske institucije, ova banka više neće podržavati konvertibilnost papirnih novčanica u zlato. Hvala vam!

Gomila se razilazi, ostavljena sa jednim izborom: da zadrže svoje novčanice, koje sada vrede manje od 1 unce zlata. Građani sa dovoljno finansijske stabilnosti odlučuju da ulože svoje novčanice u kupovinu akcija banke i kompanija vojne industrije, koje dobro posluju jer mogu da kupuju stvari pre nego što se povećaju tržišne cene.

Mnogi ljudi nisu u mogućnosti da investiraju – oni moraju da gledaju kako njihove zarade stagniraju i kako njihova ušteđevina polako ali sigurno gubi vrednost.

Penzioner, koji se nadao da će živeti od novčanica koje je zaradio tokom svojih 40 radnih godina, sada 40 sati nedeljno provodi iza kase u lokalnoj prodavnici, pitajući se gde je sve pošlo po zlu.

Dug Nikada Nije Otplaćen

Prošlo je nekoliko godina, a premijerov dug prema banci dolazi na naplatu. Budući da je potrošio svih 200.000 novčanica na bombe, koje nemaju baš dobar povraćaj ulaganja, on nema novčanice koje može da vrati banci. Plus, premijer želi da kupi još bombi za svoj rat.

Bankar uverava premijera da je sve u redu. Bankar će napraviti novi ugovor o dugu za 600.000 novčanica, koji bi trebao da stigne na naplatu u narednih 5 godina. Premijer može da iskoristi 200.000 od tih novih 600.000 novčanica da vrati svoj prvobitni dug prema banci, zadrži još 300.000 da kupi još bombi i da 100.000 bankaru da bi mu platio njegove usluge.

To nastavlja da se dešava – svaki put kada dug dospeva na naplatu, bankar stvara više novčanica za vraćanje starijih dugova i daje premijeru još više novca za trošenje. Ovaj ciklus se nastavlja.

Šta se dešava u Kejnslandu?

• Oni koji prvi dobiju nove novčanice, gledaju kako se njihovo bogatstvo povećava
• To uključuje bankara, premijera, vladu i sve one koji mogu da pristupe mogućnostima za investiranje u preduzeća koja prva dobiju nove novčanice (finansijske, vojne itd.).
• Cene roba rastu
• Cene se ne povećavaju ravnomerno – one se povećavaju gde god nove novčanice prvo uđu u ekonomiju i od tog trenutka imaju efekat talasa na tržišta. U našem primeru prvo raste cena amonijum nitrata, zatim cena pšenice, pa cena hleba. A tek na kraju zarade običnih ljudi.
• Štednja i životni standard opšte populacije se smanjuju
• Najviše pate oni koji žive od plate do plate i ne mogu da ulažu. Čak i oni koji su u mogućnosti da investiraju podložni su hirovima tržišta. Mnogi su prisiljeni da prodaju svoje investicije po niskim cenama tokom pada tržišta samo da bi platili svoje dnevne potrebe.
• Razlika u prihodima i bogatstvu između bogatih i siromašnih se povećava
• Bogatstvo opšte populacije se smanjuje, dok se bogatstvo onih koji su blizu mesta gde se troše nove novčanice povećava. Rezultat je disparitet koji se vremenom samo proširuje.

Da li nas novac danas eksploatiše?

Priča o Njutoniji i stvarna priča o agri perlama u Africi deluju pomalo zastarelo. Priča o Kejnslandu, međutim, deluje neobično poznato. U našem svetu cene robe uvek rastu, i vidimo rekordne nivoe nejednakosti u bogatstvu.

U poslednjem odeljku ovog našeg članka Šta je novac, proći ću kroz nastanak bankarstva i korake koji su bili potrebni da se dođe do današnjeg sistema, gde banke i vlade sarađuju u kontroli ekonomije i samog novca.

Šta su banke, i odakle su one došle?

Pojava bankarstva verovatno se dogodila da bi olakšala poljoprivrednu trgovinu i da bi povećala pogodnosti. Iako su se mnoga društva na kraju konvergirala ka upotrebi zlata i srebra kao novca, ovi metali su bili teški i opasni za nošenje kao tovar. Međutim, u mnogim slučajevima ih nije ni trebalo prevoziti. Uzmite ovaj primer:

Grad treba da plati poljoprivrednicima na selu za žito, a poljoprivrednici gradskoj vojsci za zaštitu od varvara. U ovom dogovoru zlato se kreće u oba smera: prema poljoprivrednicima u selu kako bi im se platilo žito, i nazad u grad da bi se platila vojska. Da bi olakšali ove transakcije, preduzetnici su stvorili koncept banke. Banka je zlato čuvala u sigurnom trezoru i izdavala novčanice od papira. Svaka priznanica je predstavljala potvrdu da njen imaoc poseduje određenu količinu zlata u banci. Imaoc novčanice je u svako doba mogao da uzme svoje zlato nazad vraćanjem te novčanice banci.

Korisnici banke mogli su lakše da trguju sa novčanicama od papira, i onaj koji poseduje novčanice mogao je da preuzme njihovo fizičko zlato u bilo kom trenutku. To je te novčanice učinilo “dobrim kao i zlato”.

Banke su izdržavale svoje poslovanje naplaćujući od kupaca naknadu za skladištenje zlata ili pozajmljivanjem dela zlata i zaračunavanjem kamata na njega. Trgovina na ovaj način je mogla da se odvija sa laganim novčanicama od papira umesto sa teškim vrećama zlatnika.

Ovakva praksa sa transakcijama, korišćenjem papirne valute potpomognute monetarnim dobrima, verovatno je započela u Kini u 7. veku.

Na kraju se proširila Evropom 1600-ih, a svoj zalet dobila je u Holandiji sa bankama poput Amsterdamske Wisselbanke. Novčanice Wisselbank-e često su vredele više od zlata koje ih je podržavalo, zbog dodane vrednosti njihovih pogodnosti.

Uspon nacionalnih ‘centralnih banaka’

Tokom vekova, zlato je počelo da se sakuplja u trezorima banaka, jer su ljudi više voleli pogodnosti transakcija sa novčanicama.

Na kraju, nacionalne banke u vlasništvu vlada preuzele su ulogu čuvanja zlata od privatnih banaka koje su započeli preduzetnici.

Nacionalne papirne valute potpomognute zlatnim rezervama u nacionalnim bankama zamenile su novčanice iz privatnih banaka. Sve nacionalne valute bile su jednostavno potvrde za zlato koje se nalazilo u trezoru nacionalne banke.

Ovaj sistem je poznat kao zlatni standard – sve valute su jednostavno predstavljale različite težine zlata.

U gornjem levom uglu novčanice možete videti da piše da je novčanica “zamenljiva za zlato”. Savremeni dolari nemaju ovaj natpis, ali inače izgledaju vrlo slično. Izvor

Zlatni sistem je postojao veći deo vremena, sve do Prvog svetskog rata. Vladama je bilo teško da prikupe novac za ovaj rat putem poreza, pa su morale da budu kreativne.

Kada vlade troše više nego što zarađuju na porezima, to se naziva deficitna potrošnja.

Kako vlade mogu ovo da urade? Vlade to rade tako što pozajmljuju novac prodavajući svoj dug.

Tokom Prvog svetskog rata, vlade su građanima i preduzećima prodavale vrstu duga koja se naziva ratna obveznica. Kada građanin kupi ratnu obveznicu, on preda svoj novac vladi i dobije papir u kojem je stajalo vladino obećanje da će vlasniku obveznice vratiti novac, plus kamate, za nekoliko godina.

Plakat koji obaveštava građane, tražeći od njih da kupe ratne obveznice – što predstavlja zajam vladi. Izvor

Centralne banke ‘monetizuju’ državni dug

Međutim, građani i preduzeća nisu bili voljni da kupe dovoljno ratnih obveznica za finansiranje Prvog svetskog rata.

Vlade se nisu predale – pa su zatražile od svojih nacionalnih ‘centralnih banaka’ da one kupe ove obveznice. Centralne banke su otkupile obveznice, ali ih nisu platile valutom potpomognutom postojećim zlatnim rezervama, kao što su to činili građani i banke prilikom kupovine obveznica.

Centralne banke su umesto toga davale vladi novu, sveže štampanu papirnu valutu potpomognutu samo obveznicom. Ovu valutu podržalo je samo obećanje da će im vlada vratiti dugove. Ovo je poznato kao monetizacija duga.

Budući da su ratne obveznice i valuta samo komadi papira, one su lake i jeftine za proizvodnju i mogu se napraviti u ogromnim količinama. Ono što ograničava proizvodnju i jednog i drugog je poverenje.

Ima smisla da se neko rastane od svog teško stečenog novca da kupi državnu obveznicu, samo ako veruje da će vlada da vrati svoj dug, plus kamate. Centralna banka je “krajnji kupac”, što znači da će ona da kupi državne obveznice kada to niko drugi neće da uradi.

Zapamtite, centralnu banku gotovo da ništa ne košta da kupi državne obveznice, jer oni sami štampaju valutu da bi ih kupili.

Zamislite da pridjete najskupljem automobilu u autosalonu – koji košta 100.000 USD. Mislite da je automobil lep, ali taj novac biste radije potrošili na lepši stan – tako da ste spremni da platite samo 40.000 USD za taj auto.

Sada, hajde da zamislimo da imate štampač za novac i da vas košta samo 50 USD za mastilo i papir da bi ištampali 1.000.000 USD. Vi biste odmah kupili auto, čak i ako biste morali da se cenkate sa drugim čovekom, i da ga na kraju platite 150.000 USD!

Ista stvar se dešava kada centralna banka kupuje obveznice (dugove) od vlade. Centralna banka može da stvori valutu toliko jeftino, da su spremni da plate i više nego što bi drugi platili ove obveznice i nastaviće da ih kupuju čak i kada niko drugi ne bude želeo.

Monetizacija duga uzrokuje inflaciju

Kada centralne banke monetizuju državni dug, funkcija novca kao zalihe vrednosti počinje da se nagriza. Vlada troši novi novac koji je dobila od svoje centralne banke na ratnu robu, obroke i još mnogo toga.

Cene roba rastu od ove novoštampane valute koja kruži kroz ekonomiju. Kada se cene povećavaju, to znači da se vrednost svake jedinice valute smanjuje. Svi koji drže valutu sada imaju manje vrednosti. Danas to nazivamo sporim gubitkom funkcije zalihe vrednosti u novčanoj inflaciji.

Za Nemačku nakon Prvog svetskog rata monetizacija duga izazvala je totalni slom Nemačke ekonomije i stvorila uslove za rast fašizma.

Kao deo sporazuma o prekidu vatre koji je okončao Prvi svetski rat, Nemačka je pobednicima morala da plati ogroman novac. Nemačkoj vladi je bio preko potreban novac, pa su prodale obveznice (dug) Rajhsbanci, nemačkoj centralnoj banci.

Ovaj postupak doveo je do toga da je vlada štampala toliko maraka (tadašnja nemačka valuta) da je tempo inflacije u Nemačkoj ubrzan u hiperinflaciju početkom 1920-ih. Cena vekne hleba za samo 4 godine popela se sa 1,2 marke na 428 biliona maraka.

Tokom i posle Prvog svetskog rata, SAD, Britanija, Francuska i mnoge druge vlade pratile su Nemačku u štampanju valute potpomognute državnim dugom.

To je dovelo do toga da su građani želeli da svoju papirnu valutu zamene za zlato, baš kao i penzioner iz priče o Kejnslandu.

Međutim, mnoge vlade su suspendovale konvertibilnost svojih valuta u zlato. Ovim potezom vlade su primorale svoje građane da drže nacionalnu papirnu valutu i gledaju kako se njihova ušteda smanjuje u vrednosti.

Da bi mogle da nastave da štampaju novac i da bi ga trošile na nepopularne programe za koje nisu mogle da skupljaju poreze za finansiranje – poput ratova.

Bretton Woods: Novi monetarni sistem

Nakon razaranja koja su donela dva svetska rata, vlade su uspostavile novi globalni monetarni sistem prema Bretton Woods-ovom sporazumu iz 1944. godine.

Prema ovom sporazumu, valuta svake države konvertovala se po fiksnom kursu sa američkim dolarom. Američki dolar je zauzvrat predstavljao zlato po stopi od 35 USD za jednu trojsku uncu zlata*.

Sve globalne valute su stoga još uvek bile jednostavna reprezentacija zlata, putem američkih dolara kao posrednika. Redovni građani više nisu mogli da otkupljuju svoje valute za zlato iz Sjedinjenih Država. Međutim, strane centralne banke mogle bi da dođu u Sjedinjene Države da bi zamenile dolare za zlato po stopi od 35 USD za jednu uncu zlata.

Međutim, vlada Sjedinjenih Država nije uvek držala dovoljno zlata da podrži sve dolare u opticaju. Američka vlada nastavila je da finansira proširene socijalne i vojne programe prodajom državnog duga svojoj centralnoj banci, Federalnim rezervama, koja je povećala ponudu dolara bez povećanja ponude zlata koja podupire te dolare.

*Trojna unca je standardna mera čistog zlata i ima malo veću težinu od normalne unce.

Propast Bretton Woods-a

Tokom 1970-ih, sve veći troškovi rata u Vijetnamu i stranih vlada koje su otkupljivale svoje dolare za zlato, stvorili su pritisak na Trezor Sjedinjenih Država.

Ponuda dolara je porasla, dok je zlato u posedu Sjedinjenih Država opalo. Od 1950. pa do početka 1970-ih, rezerve zlata koje je držala vlada Sjedinjenih Država smanjile su se za više od 50%, sa 20 metričkih tona na samo 8 metričkih tona.

Godine 1970. država je imala zlata u vrednosti od samo 12 biliona dolara po zvaničnom kursu od 35 dolara za trojsku uncu zlata. Tokom ovog istog vremenskog perioda, ukupna ponuda američkih dolara otišla je sa oko 32 biliona USD na skoro 70 biliona USD.

Zvanične rezerve zlata u SAD-u su naglo padale od 1950. do 1970. godine, dok su se dolari u opticaju povećavali. Izvor: Wikipedia, DollarDaze.org

Američka vlada nije bila u stanju da potkrepi dolare zlatom od 35 dolara po trojnoj unci, što dovelo do rizika za čitav globalni monetarni sistem.

Početkom sedamdesetih godina, trojna unca zlata trebala je da vredi 200 USD da bi u potpunosti podržala sve američke dolare u opticaju. Rečeno na drugi način, Sjedinjene Države su pokušavale da kažu svetu da jedan dolar vredi 1/35 trojne unce zlata, ali u stvarnosti dolar je vredeo samo 1/200 trojne unce.

Kad su strane vlade trebale da pribave dolare za međunarodnu trgovinu i rezerve, bile su opelješene. Francuska vlada je to shvatila šezdesetih godina prošlog veka i počela je da prodaje svoje američke dolare za zlato po zvaničnom kursu od 35 dolara za trojsku uncu zlata.

Zemlje su počinjale da se bude iz šeme američke vlade. SAD su krale bogatstvo putem emisione dobiti, prodajući dolare za 1/35 trojne unce zlata, kada su vredeli samo 1/200 trojske unce.

Nixonov Šok ulazi u ’tradicionalni’ novac

Da bi kuća od karata mogla da ostane na mestu, predsednik Nixon je 1971. najavio da će američka vlada privremeno da obustavi konvertibilnost dolara u zlato.

Strane vlade više nisu mogle da polažu pravo na zlato svojim papirnim dolarima, a dolar više nije bio “poduprt” zlatom. Nixon je tvrdio da će ovo stabilizovati dolar.

50 godina kasnije, kristalno je jasno da je ovo samo pomoglo dolaru da izgubi vrednost i da ovaj “privremeni” program još uvek traje.

Pre 1971. godine, sve globalne valute bile su vezane za američki dolar putem Bretton Woods-ovog sporazuma. Kada je Nixon promenio američki dolar iz dolara podržanog u zlatu u dolar podržan dugom, ovim je promenio i svaku drugu valutu na Zemlji.

Sam je učinio da se celokupna svetska ekonomija zasniva na dugovima. Valute više nisu predstavljale zlato, već su predstavljale vrednost državnog duga.

Zlatni Standard se nikada nije vratio

Konvertibilnost američkih dolara u zlato – zlatni standard – nikada se nije vratio.

Od 1971. godine, čitav globalni monetarni sistem pokreće se tradicionalnim “fiat” valutama: poverenjem u vladine institucije da održavaju valutni sistem.

Većina valuta podržana je kombinacijom duga njihove vlade i drugih tradicionalnih valuta poput dolara i evra. Papirne valute više nisu podržane zlatom, imovinom koja je više od 5000 godina služila kao težak novac.

Danas vas vlade prisiljavaju da plaćate porez u njihovoj valuti i manipulišu saznanjima oko novca kako bi osigurale da potražnja za njihovom valutom ostane velika.

To im omogućava da neprestano štampaju više valuta, da bi je potrošili na vladine projekte, uzrokujući inflaciju cena koja jede i smanjuje bogatstvo i plate.

Američka vlada sada prodaje državne obveznice (dugove), poznate kao obveznice Trezora SAD, eng. US Treasuries, komercijalnim bankama u zamenu za američke dolare.

Vlada koristi te dolare za finansiranje svog budžetskog deficita. Komercijalne banke prodaju mnoge obveznice Trezora SAD, koje su kupile, američkoj centralnoj banci, Federalnim Rezervama.

Federalne rezerve plaćaju komercijalnim bankama sveže štampanim novcem “pomoću računara i upisivanjem količine na račun”, kako je rekao bivši predsednik Fed-a Ben Bernanke.

Ove komercijalne banke često zarađuju samo kupujući obveznice Trezora SAD od države i prodajući ih centralnoj banci. Kupujte nisko, prodajte visoko.

Centralne banke ovaj proces kupovine državnog duga – odnosno pozajmljivanja novca državi – nazivaju operacijama otvorenog tržišta.

Kada centralna banka odjednom kupi velike iznose duga, oni to nazivaju kvantitativnim ublažavanjem. Centralne banke javno najavljuju kupovinu državnog duga, ali vrlo malo ljudi razume šta to zapravo znači.

Euro, jen i svaka druga valuta koja se danas koristi funkcionišu slično kao američki dolar.

Da li će SAD ikada vratiti svoj nacionalni dug? Neobična stvar u vezi sa državnim dugom SAD-a je ta što vlada poseduje štampariju potrebnu za njegovu otplatu.

Kao rezultat toga, kada vlada duguje novac, oni samo pozajme još više novca da bi otplatile taj dug, povećavajući nacionalni dug.

Ako vam ovo zvuči kao Ponzijeva piramidalna šema, to je zato što ona to i jeste – najveća Ponzijeva šema u istoriji. Kao i svaka Ponzijeva šema, nastaviće se sve dok su ljudi koji kupuju Ponzijevu šemu budu uvereni da će im biti plaćeno nazad.

Ako ljudi i nacije prestanu da se zadužuju i koriste američke dolare jer nemaju poverenja u američku vladu ili vide da cena robe raste (tj. dolar postaje sve manje vredan), potražnja za dolarom će opadati, što će izazvati začaranu spiralu.

Ova spirala često završi u hiperinflaciji, kao što smo videli u novijoj istoriji sa Jugoslavijom, Venecuelom, Argentinom, Zimbabveom i mnogim drugim državama.

Ovo je način kako funkcioniše novac na vašem bankovnom računu. Novac svake nacije na svetu pati od istih problema kao i perle i novčanice u pričama o Njutoniji i Kejnslandu.

Kako banke i vlade kradu tvoj novac?

Tokom vekova, stigli smo do monetarnog sistema u kojem banke i vlade mogu da štampaju novu valutu za finansiranje svojih operacija i svojih prijatelja u zločinu, dok kradu bogatstvo svojih građana.

Šta će se desiti sa svetom kada novac bude mogao da štampa svaki narod na planeti?

• Bogatstvo onih koji su blizu pravljenja nove valute se povećava
• Vlada i politički povlašćena klasa ljudi, imaju pristup novoštampanom novcu pre svih ostalih, pa mogu da ga potroše pre nego što cene porastu. Na ovaj efekat pokazao je ekonomista Richard Cantillon sredinom 1700-ih i poznat je kao Cantillonov Efekat.
• Cena robe raste (poznato kao inflacija)
• Ne raste sve roba istovremeno u ceni. Roba blizu mesta gde se proizvodi nova valuta – finansijski sektor i vlada – prva raste, i odatle uzrokuje efekt talasa na cene.
• Inflacija se često predstavlja kao promena cene potrošačke korpe, poznata kao Indeks Potrošačkih Cena, eng. Consumer Price Index (CPI). Vlada ima alate za manipulisanje ovim brojem kako bi osigurala da se ona čini niskom i stabilnom, kao što je objašnjeno u našem članku o inflaciji.
• Finansijska imovina često primećuje ogromnu inflaciju, ali bankari to ne nazivaju inflacijom – oni kažu da naša ekonomija cveta! Nakon što su američke Federalne rezerve učetvorostručile ponudu američkih dolara u šest godina nakon finansijske krize 2008. godine, banke koje su dobile te nove dolare, kupile su akcije i obveznice, stvarajući ogroman balon u cenama ove imovine.
• Štednja i životni standard stanovništva se smanjuju
• Plate su jedna od poslednjih “cena” u ekonomiji koja se prilagođava, jer se često povećavaju samo jednom godišnje. U međuvremenu, cene dnevnih potrepština te osobe koja zaradjuje platu neprestano rastu kako novi novac kruži ekonomijom.
• Najviše su pogođeni oni koji žive od plate do plate – a to je 70% Amerikanaca.
• Razlike u prihodima između bogatih i siromašnih se povećavaju, kao što se vidi na grafikonu ispod.

Koncentracija Dohotka na Vrhu Naglo je Porasla od 1970-ih (Udeo u ukupnom prihodu pre oporezivanja u domaćinstvima sa najvišim dohotkom (uključujući kapitalne dobitke), 1913-2018)

Zašto i dalje imamo isti monetarni sistem?

Ako ovaj sistem bogate još više obogaćuje, a siromašne još više osiromašuje, dovodeći do političke nestabilnosti, zašto ga onda ne bismo promenili?

Najveći razlog zašto se ništa ne menja je verovatno to što puno toga ne znamo o samom sistemu. Svi svakodnevno koristimo valute svojih vlada, ali većina nas ne razume kako sistem funkcioniše i šta on čini našim društvima.

Obrazovni sistem, mediji i finansijski stručnjaci neprestano nam govore da je monetarni sistem previše komplikovan da bi ga normalni ljudi razumeli. Mnogi od nas se zato i ne trude da pokušaju.

Još nekoliko razloga zašto ovaj sistem nastavlja da opstaje:

• Mnogo je ljudi koji imaju direktnu korist od štampanja novog novca.
• Ti ljudi ne žele nikakve promene i bore se da zadrže tu moć.
• Nacionalne valute su često pogodne
• Kreditne kartice, online bankarstvo i još mnogo toga čine upravljanje nacionalnim valutama i njihovo trošenje lakim i jednostavnim.
• Građani moraju da plaćaju porez u svojoj nacionalnoj valuti
• To stvara potražnju za tom valutom od svih građana, povećavajući njenu vrednost.
• Glavna međunarodna tržišta, poput nafte, denominirana su u dolarima.
• Nafta je potrebna svakoj zemlji na planeti, ali pošto mnogi ne mogu da je proizvode, moraju da je kupuju na međunarodnim berzama. Od 1970-ih na ovim berzama gotovo sva nafta se prodaje za dolare, što stvara potražnju za dolarima. Da bi se odmaknule od ovog sistema, zemlje bi trebale da pronađu novu valutu ili robu za trgovinu naftom, što zahteva vreme i rizike.
• Nije postojala dobra alternativa
• Uz globalnu ekonomiju u realnom vremenu, naš sistem digitalnog bankarstva koji koristi nacionalne valute je pogodan. Transakcija u tvrdom novcu poput zlata bila bi previše nezgrapna za današnji svet. Digitalna valuta pod nazivom Bitcoin, predstavljena 2009. godine, je rastuća alternativa koja nudi čvrst novac koji se kreće brzinom interneta.

Šta je novac, i zašto trebate da brinete?

Novac je alat koji olakšava razmenu dobara. Kao i svako drugo dobro, novac se pridržava zakona ponude i potražnje – povećanje potražnje povećaće njegovu vrednost, a povećanje ponude smanjiće njegovu vrednost.

Na ovaj način novac se ne razlikuje od kuće ili piletine. Međutim, velika prodajnost novca znači da je potražnja za njim uvek velika. Kao rezultat, novac mora biti težak za proizvodnju (a samim tim i ograničen u ponudi) ili će ga onaj ko ga može napraviti, stvoriti toliko, da vremenom više neće služiti kao zaliha vrednosti. Uskoro će izgubiti svoje funkcije kao sredstvo razmene i obračunske jedinice.

Najbolji novac u datoj ekonomiji je onaj koji se najslobodnije kreće – svi ga žele, lako je obaviti transakcije sa njim i koji sa vremenom dobro drži svoju vrednost. Nijedan novac nije savršen u svemu ovome, a neki ističu jednu funkciju novca na štetu drugih.

Iako se istorija ne ponavlja, ona se rimuje, a usponi i padovi monetarnih sistema imaju jasne ritmove. Uspon i pad monetarnog sistema često sledi opšti obrazac koji smo videli u pričama o agri perlama i Kejnslandu: pojavljuje se odredjenji oblik novca koji pomaže ljudima da efikasnije trguju i štede, ali na kraju gubi na vrednosti kada neko shvati kako da ga jeftino stvori u velikoj količini. Međutim, tokom dugog perioda vremena, monetarni sistemi su se poboljšali u sve tri funkcije novca.

Na primer, zlato je tokom vremena dobro služilo kao zaliha vrednosti. Međutim, naša međusobno povezana ekonomija ne bi mogla efikasno da funkcioniše ako bi trebalo da fizičko zlato zamenimo robom i uslugama. Mnogo je lakše kretati se na papirnom i digitalnom novcu, ali istorija nam govori da su vlade i bankari iskoristili ove oblike novca za krađu bogatstva putem inflacije.

Današnji globalni monetarni sistem je vrlo zgodan, a digitalna plaćanja i kreditne kartice olakšavaju trošenje novca. Ovo skriva stalnu inflaciju koja nagriza vrednost svake jedinice novca i dovodi do sve većeg jaza u bogatstvu.

Nadam se da je ovaj članak proširio vaše razumevanje novca i njegove uloge u društvu. Ovo je samo početak svega što treba istražiti o novcu: za kasnije su sačuvane teme o inflaciji, kamatnim stopama, pozajmljivanju, poslovnim ciklusima i još mnogo toga.

Efikasnija Ušteda Novca

Možda se pitate kako zaštititi svoju štednju kada svaki oblik često korišćenog novca i investicija pati od inflacije ponude – koja umanjuje vrednost i prenosi bogatstvo onima koji mogu da stvore novac ili investiciju. Možda se čini da se ništa na planeti danas ne može kvalifikovati kao ‘težak’ novac, ali dve stvari ipak ostaju: zlato i njegov noviji rođak Bitcoin. Obe ove stvari je neverovatno teško proizvesti, a jedna od njih se kreće brzinom interneta i može se čuvati u vašem mozgu.

Ako želite da saznate više o Bitcoin-u kao sredstvu za zaštitu vaše ušteđevine, pročitajte ovde. Ako ste već spremni za kupovinu Bitcoin-a, pogledajte moj vodič za kupovinu Bitcoin-a. Možete početi sa investiranjem sa samo 5 ili 10 €.

Zasluge

Hvala svima koji su pomogli u izradi i uređivanju ove serije o novcu: @ck_SNARKS, @CryptoRothbard, Neil Woodfine, Emil Sandstedt, Taylor Pearson, Parker Lewis, Jason Choi, mojoj porodici i mnogim drugima.

Hvala svima koji su ovo inspirisali i razvili ključne ideje koje su ovde primenjene: Friedrich Hayek, Carl Menger, Ludwig Von Mises, Murray Rothbard, Saifedean Ammous, Dan Held, Pierre Rochard, Stephan Livera, Michael Goldstein, i mnogi drugi.

Molim vas da šerujete! Ako vam je ovaj članak otvorio oči o tome kako funkcioniše naš novac i finansijski sistem, kontaktirajte me ili ostavite komentar!

Ako vam se sviđa moj rad, molim vas da ga podelite sa svojim prijateljima i porodicom. Cilj mi je da svima pružim pogled u ekonomiju i na to kako ona utiče na njihov život.

@ b1ddb4d7:471244e7

Flash, an all-in-one Bitcoin payment platform, has announced the launch of Flash 2.0, the most intuitive and powerful Bitcoin payment solution to date.

With a completely redesigned interface, expanded e-commerce integrations, and a frictionless onboarding process, Flash 2.0 makes accepting Bitcoin easier than ever for businesses worldwide.

We did the unthinkable!

Website monetization used to be super complicated.

"Buy me a coffee" — But only if we both have a bank account.

WHAT IF WE DON'T?

Thanks to @paywflash and bitcoin, it's just 5 CLICKS – and no banks!

Start accepting donations on your website… pic.twitter.com/uwZUrvmEZ1

— Flash • The Bitcoin Payment Gateway (@paywflash) May 13, 2025

Accept Bitcoin in Three Minutes

Setting up Bitcoin payments has long been a challenge for merchants, requiring technical expertise, third-party processors, and lengthy verification procedures. Flash 2.0 eliminates these barriers, allowing any business to start accepting Bitcoin in just three minutes, with no technical set-up and full control over their funds.

The Bitcoin Payment Revolution

The world is witnessing a seismic shift in finance. Governments are backing Bitcoin funds, major companies are adding Bitcoin to their balance sheets, and political figures are embracing it as the future of money. Just as Stripe revolutionized internet payments, Flash is now doing the same for Bitcoin. Businesses that adapt today will gain a competitive edge in a rapidly evolving financial landscape.

With Bitcoin adoption accelerating, consumers are looking for places to spend it. Flash 2.0 ensures businesses of all sizes can seamlessly accept Bitcoin and position themselves at the forefront of this financial revolution.

All-in-One Monetization Platform

More than just a payment gateway, Flash 2.0 is a complete Bitcoin monetization suite, providing multiple ways for businesses to integrate Bitcoin into their operations. Merchants can accept payments online and in-store, content creators can monetize with donations and paywalls, and freelancers can send instant invoices via payment links.

For example, a jewelry designer selling products on WooCommerce can now integrate Flash for online payments, use Flash’s Point-of-Sale system at trade shows, enable Bitcoin donations for her digital artwork, and lock premium content behind Flash Paywalls. The possibilities are endless.

E-Commerce for Everyone

With built-in integrations for Shopify, WooCommerce, and soon Wix and OpenCart, Flash 2.0 enables Bitcoin payments on 95% of e-commerce stores worldwide. Businesses can now add Bitcoin as a payment option in just a few clicks—without needing developers or external payment processors.

And for those looking to start selling, Flash’s built-in e-commerce features allow users to create online stores, showcase products, and manage payments seamlessly.

No Middlemen, No Chargebacks, No Limits

Unlike traditional payment platforms, Flash does not hold or process funds. Businesses receive Bitcoin directly, instantly, and securely. There are no chargebacks, giving merchants full control over refunds and eliminating fraud. Flash also remains KYC-free, ensuring a seamless experience for businesses and customers alike.

A Completely Redesigned Experience

“The world is waking up to Bitcoin. Just like the internet revolutionized commerce, Bitcoin is reshaping finance. Businesses need solutions that are simple, efficient, and truly decentralized. Flash 2.0 is more than just a payment processor—it’s a gateway to the future of digital transactions, putting financial power back into the hands of businesses.”

— Pierre Corbin, CEO at Flash.

Flash 2.0 introduces a brand-new user interface, making it easier than ever to navigate, set up payments, and manage transactions. With an intuitive dashboard, streamlined checkout, and enhanced mobile compatibility, the platform is built for both new and experienced Bitcoin users.

About Flash

Flash is an all-in-one Bitcoin payment platform that empowers businesses, creators, and freelancers to accept, manage, and grow with Bitcoin. With a mission to make Bitcoin payments accessible to everyone, Flash eliminates complexity and gives users full control over their funds.

To learn more or get started, visit www.paywithflash.com.

Press Contact:

Julien Bouvier
Head of Marketing
+3360941039

@ 1817b617:715fb372

🚀 Instantly Send Spendable Flash BTC, ETH, & USDT — Fully Blockchain-Verifiable!

Welcome to the cutting edge of crypto innovation: the ultimate tool for sending spendable Flash Bitcoin (BTC), Ethereum (ETH), and USDT transactions. Our advanced blockchain simulation technology employs 🔥 Race/Finney-style mechanisms, producing coins indistinguishable from authentic blockchain-confirmed tokens. Your transactions are instantly trackable and fully spendable for durations from 60 to 360 days!

🌐 Visit cryptoflashingtool.com for complete details.

🌟 Why Choose Our Crypto Flashing Service? Crypto Flashing is perfect for crypto enthusiasts, blockchain developers, ethical hackers, security professionals, and digital entrepreneurs looking for authenticity combined with unparalleled flexibility.

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🖥️ Easy-to-Use Software: Designed for Windows, our intuitive platform suits both beginners and experts, with detailed, step-by-step instructions provided.

📅 Customizable Flash Durations: Control your transaction lifespan precisely, from 60 to 360 days.

🔄 Universal Wallet Compatibility: Instantly flash BTC, ETH, and USDT tokens to SegWit, Legacy, or BCH32 wallets.

💱 Spendable on Top Exchanges: Flash coins seamlessly accepted on leading exchanges like Kraken and Huobi.

📊 Proven Track Record: ✅ Over 79 Billion flash transactions completed. ✅ 3000+ satisfied customers worldwide. ✅ 42 active blockchain nodes for fast, reliable transactions. 📌 Simple Step-by-Step Flashing Process: Step 1️⃣: Enter Transaction Details

Choose coin (BTC, ETH, USDT: TRC-20, ERC-20, BEP-20) Specify amount & flash duration Provide wallet address (validated automatically) Step 2️⃣: Complete Payment & Verification

Pay using the cryptocurrency you wish to flash Scan the QR code or paste the payment address Upload payment proof (transaction hash & screenshot) Step 3️⃣: Initiate Flash Transaction

Our technology simulates blockchain confirmations instantly Flash transaction appears authentic within seconds Step 4️⃣: Verify & Spend Immediately

Access your flashed crypto instantly Easily verify transactions via provided blockchain explorer links 🛡️ Why Our Technology is Trusted: 🔗 Race/Finney Attack Logic: Creates realistic blockchain headers. 🖥️ Private iNode Cluster: Guarantees fast synchronization and reliable transactions. ⏰ Live Timer System: Ensures fresh wallet addresses and transaction legitimacy. 🔍 Genuine Blockchain TX IDs: Authentic transaction IDs included with every flash ❓ Frequently Asked Questions: Is flashing secure? ✅ Yes, encrypted with full VPN/proxy support. Can I flash from multiple devices? ✅ Yes, up to 5 Windows PCs per license. Are chargebacks possible? ❌ No, flash transactions are irreversible. How long are flash coins spendable? ✅ From 60–360 days, based on your chosen plan. Verification after expiry? ❌ Transactions can’t be verified after the expiry. Support available? ✅ Yes, 24/7 support via Telegram & WhatsApp.

🔐 Transparent, Reliable & Highly Reviewed:

CryptoFlashingTool.com operates independently, providing unmatched transparency and reliability. Check out our glowing reviews on ScamAdvisor and leading crypto forums!

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💰 Buy Flash Coins Now 🖥️ Get Your Flashing Software

Experience the smartest, safest, and most powerful crypto flashing solution on the market today!

CryptoFlashingTool.com — Flash Crypto Like a Pro.

 Instantly Send Spendable Flash BTC, ETH, & USDT — Fully Blockchain-Verifiable!

Welcome to the cutting edge of crypto innovation: the ultimate tool for sending spendable Flash Bitcoin (BTC), Ethereum (ETH), and USDT transactions. Our advanced blockchain simulation technology employs 

 Race/Finney-style mechanisms, producing coins indistinguishable from authentic blockchain-confirmed tokens. Your transactions are instantly trackable and fully spendable for durations from 60 to 360 days!

 Visit cryptoflashingtool.com for complete details.

Why Choose Our Crypto Flashing Service?

Crypto Flashing is perfect for crypto enthusiasts, blockchain developers, ethical hackers, security professionals, and digital entrepreneurs looking for authenticity combined with unparalleled flexibility.

Our Crypto Flashing Features:

 Instant Blockchain Verification: Transactions appear completely authentic, complete with real blockchain confirmations, transaction IDs, and wallet addresses.

 Maximum Security & Privacy: Fully compatible with VPNs, TOR, and proxy servers, ensuring absolute anonymity and protection.

 Easy-to-Use Software: Designed for Windows, our intuitive platform suits both beginners and experts, with detailed, step-by-step instructions provided.

 Customizable Flash Durations: Control your transaction lifespan precisely, from 60 to 360 days.

 Universal Wallet Compatibility: Instantly flash BTC, ETH, and USDT tokens to SegWit, Legacy, or BCH32 wallets.

 Spendable on Top Exchanges: Flash coins seamlessly accepted on leading exchanges like Kraken and Huobi.

Proven Track Record:

• Over 79 Billion flash transactions completed.
• 3000+ satisfied customers worldwide.
• 42 active blockchain nodes for fast, reliable transactions.

Simple Step-by-Step Flashing Process:

Step : Enter Transaction Details

• Choose coin (BTC, ETH, USDT: TRC-20, ERC-20, BEP-20)
• Specify amount & flash duration
• Provide wallet address (validated automatically)

Step : Complete Payment & Verification

• Pay using the cryptocurrency you wish to flash
• Scan the QR code or paste the payment address
• Upload payment proof (transaction hash & screenshot)

Step : Initiate Flash Transaction

• Our technology simulates blockchain confirmations instantly
• Flash transaction appears authentic within seconds

Step : Verify & Spend Immediately

• Access your flashed crypto instantly
• Easily verify transactions via provided blockchain explorer links

Why Our Technology is Trusted:

• Race/Finney Attack Logic: Creates realistic blockchain headers.
• Private iNode Cluster: Guarantees fast synchronization and reliable transactions.
• Live Timer System: Ensures fresh wallet addresses and transaction legitimacy.
• Genuine Blockchain TX IDs: Authentic transaction IDs included with every flash

Frequently Asked Questions:

• Is flashing secure? 

 Yes, encrypted with full VPN/proxy support. - Can I flash from multiple devices? 

 Yes, up to 5 Windows PCs per license. - Are chargebacks possible? 

 No, flash transactions are irreversible. - How long are flash coins spendable? 

 From 60–360 days, based on your chosen plan. - Verification after expiry? 

 Transactions can’t be verified after the expiry.

Support available? 

 Yes, 24/7 support via Telegram & WhatsApp.

 Transparent, Reliable & Highly Reviewed:

CryptoFlashingTool.com operates independently, providing unmatched transparency and reliability. Check out our glowing reviews on ScamAdvisor and leading crypto forums!

Get in Touch Now:

 WhatsApp: +1 770 666 2531

 Telegram: @cryptoflashingtool

 Ready to Start?

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 Get Your Flashing Software

Experience the smartest, safest, and most powerful crypto flashing solution on the market today!

CryptoFlashingTool.com — Flash Crypto Like a Pro.

@ 57d1a264:69f1fee1

LegoGPT generates a LEGO structure from a user-provided text prompt in an end-to-end manner. Notably, our generated LEGO structure is physically stable and buildable.

Lego is something most of us knows. This is a opportuity to ask where is our creativity going? From the art of crafting figures to building blocks following our need and desires to have a machine thinking and building following step-by-step instructions to achieve an isolated goal.

Is the creative act then in the question itself, not anymore in the crafting? Are we just delegating the solution of problems, the thinking of how to respond to questions, to machines? Would it be different if delegated to other people?

Source: https://avalovelace1.github.io/LegoGPT/

https://stacker.news/items/981336

@ 57d1a264:69f1fee1

Just another Ecash nutsnote design is a ew template for brrr.gandlaf.com cashu tocken printing machine and honoring Ecash ideator David Lee Chaum. Despite the turn the initial project took, we would not have Ecash today without his pioneering approach in cryptography and privacy-preserving technologies.

A simple KISS (Keep It Super Simple) Ecash nutsnote delivered as SVG, nothing fancy, designed in PenPot, an open source design tool, for slides, presentations, mockups and interactive prototypes.

Here Just another Nutsnote's current state, together with some snapshots along the process. Your feedback is more than welcome.

https://design.penpot.app/#/view?file-id=749aaa04-8836-81c6-8006-0b29916ec156&page-id=749aaa04-8836-81c6-8006-0b29916ec157&section=interactions&index=0&share-id=addba4d5-28a4-8022-8006-2ecc4316ebb2

originally posted at https://stacker.news/items/979728

@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ 57d1a264:69f1fee1

Has the architect Greg Chasen considered it when rebuilding the house just one year before the catastrophe? Apparently not! Another of his projects was featured on the Value of Architecture as properties with design integrity.

This is a super interesting subject. The historic character, livability, and modern disaster-resistance is a triangle where you often have to pick just one or two, which leads to some tough decisions that have major impacts on families and communities. Like one of the things he mentions is that the architect completely eliminated plants from the property. That's great for fire resistance, but not so great for other things if the entire town decides to go the same route (which he does bring up later in the video). I don't think there's any objectively right answer, but definitely lots of good (and important) discussion points to be had.

https://www.youtube.com/watch?v=cbl_1qfsFXk

originally posted at https://stacker.news/items/979653

@ 5cb68b7a:b7cb67d5

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💻 Advanced Technology Our proprietary tools and brute-force optimization techniques maximize recovery efficiency. Regardless of how challenging your case may be, our technology is designed to give you the best chance at retrieving your crypto.

Our Recovery Services Include: 📈 Bitcoin Recovery: Lost access to your Bitcoin wallet? We help recover lost wallets, private keys, and passphrases. Transaction Recovery: Mistakes happen — whether it’s an incorrect wallet address or a lost password, let us manage the recovery. Cold Wallet Restoration: If your cold wallet is failing, we can safely extract your assets and migrate them into a secure new wallet. Private Key Generation: Lost your private key? Our experts can help you regain control using advanced methods while ensuring your privacy. ⚠️ What We Don’t Do While we can handle many scenarios, some limitations exist. For instance, we cannot recover funds stored in custodial wallets or cases where there is a complete loss of four or more seed words without partial information available. We are transparent about what’s possible, so you know what to expect

Don’t Let Lost Crypto Hold You Back! Did you know that between 3 to 3.4 million BTC — nearly 20% of the total supply — are estimated to be permanently lost? Don’t become part of that statistic! Whether it’s due to a forgotten password, sending funds to the wrong address, or damaged drives, we can help you navigate these challenges

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Act fast and secure your digital assets with cryptrecver.com.Losing access to your cryptocurrency can feel like losing a part of your future. Whether it’s due to a forgotten password, a damaged seed backup, or a simple mistake in a transfer, the stress can be overwhelming. Fortunately, cryptrecver.com is here to assist! With our expert-led recovery services, you can safely and swiftly reclaim your lost Bitcoin and other cryptocurrencies.

# Why Trust Crypt Recver? 🤝

🛠️ Expert Recovery Solutions\ At Crypt Recver, we specialize in addressing complex wallet-related issues. Our skilled engineers have the tools and expertise to handle:

• Partially lost or forgotten seed phrases
• Extracting funds from outdated or invalid wallet addresses
• Recovering data from damaged hardware wallets
• Restoring coins from old or unsupported wallet formats

You’re not just getting a service; you’re gaining a partner in your cryptocurrency journey.

🚀 Fast and Efficient Recovery\ We understand that time is crucial in crypto recovery. Our optimized systems enable you to regain access to your funds quickly, focusing on speed without compromising security. With a success rate of over 90%, you can rely on us to act swiftly on your behalf.

🔒 Privacy is Our Priority\ Your confidentiality is essential. Every recovery session is conducted with the utmost care, ensuring all processes are encrypted and confidential. You can rest assured that your sensitive information remains private.

💻 Advanced Technology\ Our proprietary tools and brute-force optimization techniques maximize recovery efficiency. Regardless of how challenging your case may be, our technology is designed to give you the best chance at retrieving your crypto.

Our Recovery Services Include: 📈

• Bitcoin Recovery: Lost access to your Bitcoin wallet? We help recover lost wallets, private keys, and passphrases.
• Transaction Recovery: Mistakes happen — whether it’s an incorrect wallet address or a lost password, let us manage the recovery.
• Cold Wallet Restoration: If your cold wallet is failing, we can safely extract your assets and migrate them into a secure new wallet.
• Private Key Generation: Lost your private key? Our experts can help you regain control using advanced methods while ensuring your privacy.

⚠️ What We Don’t Do\ While we can handle many scenarios, some limitations exist. For instance, we cannot recover funds stored in custodial wallets or cases where there is a complete loss of four or more seed words without partial information available. We are transparent about what’s possible, so you know what to expect

# Don’t Let Lost Crypto Hold You Back!

Did you know that between 3 to 3.4 million BTC — nearly 20% of the total supply — are estimated to be permanently lost? Don’t become part of that statistic! Whether it’s due to a forgotten password, sending funds to the wrong address, or damaged drives, we can help you navigate these challenges

🛡️ Real-Time Dust Attack Protection\ Our services extend beyond recovery. We offer dust attack protection, keeping your activity anonymous and your funds secure, shielding your identity from unwanted tracking, ransomware, and phishing attempts.

🎉 Start Your Recovery Journey Today!\ Ready to reclaim your lost crypto? Don’t wait until it’s too late!\ 👉 cryptrecver.com

📞 Need Immediate Assistance? Connect with Us!\ For real-time support or questions, reach out to our dedicated team on:\ ✉️ Telegram: t.me/crypptrcver\ 💬 WhatsApp: +1(941)317–1821

Crypt Recver is your trusted partner in cryptocurrency recovery. Let us turn your challenges into victories. Don’t hesitate — your crypto future starts now! 🚀✨

Act fast and secure your digital assets with cryptrecver.com.

@ 000002de:c05780a7

I enjoy Jonathan Pageau's perspectives from time to time. He is big on myth and symbolic signs in culture and history. I find this stuff fascinating as well. I watched this video last week, and based on the title, I was thinking... hmm, I wonder if it is a review of Return of the Strong Gods. It wasn't, but it really flows with the thesis of that book. You should read it if you haven't, and before you do, go check out @SimpleStacker's review of it.

Pageau starts the video by talking about the concept of "watching the clown." He uses Ye as the clown. Ye has been a leading indicator in the past when he publicly claimed he was a Christian and began making music and holding church services. Now he's going "off the rails" seemingly with his Hitler songs and art. Clearly, the stigma of Hitler will not last forever. It's hard for us to realize this. At least for someone of my age, but Pageau points out that eventually, the villains of history become less of a stand-in for Satan and more of a purely historical figure. He mentions Alexander the Great as a man who did incredibly evil things, but today we just read about him in school and don't really think about it too much. One day, that will be the way Hitler is viewed. Sure, evil, but the power of using him as the mythical Satan will wane.

The most interesting point I took away from this video, though, was that the post-war consensus was built on a dark secret. Now, it's not a secret to me, but at some point, it was. And this secret is a deep flaw in the current state of the West that keeps affecting us in negative ways. The secret is that in order to defeat Hitler and the Nazis, the West allied itself with the Soviets. Stalin. An incredibly evil man and an ideology that has led to the death and suffering of more humans than the Nazis. This is just a fact, but it's so dark that we don't talk about it.

For many years as I began to study Communism and the Soviet Union I began to question why on earth did the allies align themselves with Stalin. Obviously it was for stratigic reasons. I get it. But the fact that this topic is not really discussed in our culture has had a dark effect. Now, I'm not interested in figuring out if Stalin was more evil than Hitler or if Fascism is worse that Communism. I think this misses the point. The point is that today if soneone has Nazi symbols it is very likely not gonna go well for them but Communist symbols are usually just fine. We see the ideas of Socialism discussed openly without concern. Its popular even. Fascism on the other hand is always (until recently) masked at best.

Today we are seeing more and more people openly talk about this reality, and it is a signal that the WW2 consensus is breaking. As people age out and our collective memory fades, this lie will become more visible because the mythical view of Hitler will fade. This will allow people to be more objective about viewing the decisions of the past. I don't recall the book discussing this directly, but it is an interesting connection for sure.

I recommend watching The World War II Consensus is Breaking Down by Jonathan Pageau.

https://stacker.news/items/985962

@ 57d1a264:69f1fee1

We asked members of the design community to choose an artifact that embodies craft—something that speaks to their understanding of what it means to make with intention. Here’s what they shared.

A vintage puzzle box, a perfectly tuned guitar, an AI-powered poetry camera. A daiquiri mixed with precision. A spreadsheet that still haunts muscle memory. Each artifact tells a story: not just about the thing itself, but about the choices of the creator behind it. What to refine, what to leave raw. When to push forward, when to let go. Whether built to last for generations or designed to delight in a fleeting moment, the common thread is that great craft doesn’t happen by accident. It’s made.

On the application of craft

Even the most experienced makers can benefit from building structure and intention into their practice. From sharpening your storytelling to designing quality products, these pieces offer practical ways to uplevel your craft.

Read more at https://www.figma.com/blog/craft-artifacts/

originally posted at https://stacker.news/items/979644

@ 57d1a264:69f1fee1

Shanghai: Bus Stops Here

A new crowd-sourced transit platform allows riders to propose, vote on, and activate new bus lines in as little as three days.

From early-morning school drop-offs to seniors booking rides to the hospital, from suburban commuters seeking a faster link to the metro to families visiting ancestral graves, Shanghai is rolling out a new kind of public bus — one that’s designed by commuters, and launched only when enough riders request it.

Branded “DZ” for dingzhi, or “customized,” the system invites residents to submit proposed routes through a city-run platform. Others with similar travel needs can opt in or vote, and if demand meets the threshold — typically 15 to 20 passengers per trip — the route goes live.

More than 220 DZ routes have already launched across all 16 city districts. Through an online platform opened May 8, users enter start and end points, preferred times, and trip frequency. If approved, routes can begin running in as little as three days.

Continue reading at https://www.sixthtone.com/news/1017072

originally posted at https://stacker.news/items/979637

@ b1ddb4d7:471244e7

Starting January 1, 2026, the United Kingdom will impose some of the world’s most stringent reporting requirements on cryptocurrency firms.

All platforms operating in or serving UK customers-domestic and foreign alike-must collect and disclose extensive personal and transactional data for every user, including individuals, companies, trusts, and charities. 

This regulatory drive marks the UK’s formal adoption of the OECD’s Crypto-Asset Reporting Framework (CARF), a global initiative designed to bring crypto oversight in line with traditional banking and to curb tax evasion in the rapidly expanding digital asset sector.

What Will Be Reported?

Crypto firms must gather and submit the following for each transaction:

• User’s full legal name, home address, and taxpayer identification number
• Detailed data on every trade or transfer: type of cryptocurrency, amount, and nature of the transaction
• Identifying information for corporate, trust, and charitable clients

The obligation extends to all digital asset activities, including crypto-to-crypto and crypto-to-fiat trades, and applies to both UK residents and non-residents using UK-based platforms. The first annual reports covering 2026 activity are due by May 31, 2027.

Enforcement and Penalties

Non-compliance will carry stiff financial penalties, with fines of up to £300 per user account for inaccurate or missing data-a potentially enormous liability for large exchanges. The UK government has urged crypto firms to begin collecting this information immediately to ensure operational readiness.

Regulatory Context and Market Impact

This move is part of a broader UK strategy to position itself as a global fintech hub while clamping down on fraud and illicit finance. UK Chancellor Rachel Reeves has championed these measures, stating, “Britain is open for business – but closed to fraud, abuse, and instability”. The regulatory expansion comes amid a surge in crypto adoption: the UK’s Financial Conduct Authority reported that 12% of UK adults owned crypto in 2024, up from just 4% in 2021.

Enormous Risks for Consumers: Lessons from the Coinbase Data Breach

While the new framework aims to enhance transparency and protect consumers, it also dramatically increases the volume of sensitive personal data held by crypto firms-raising the stakes for cybersecurity.

The risks are underscored by the recent high-profile breach at Coinbase, one of the world’s largest exchanges.

In May 2025, Coinbase disclosed that cybercriminals, aided by bribed offshore contractors, accessed and exfiltrated customer data including names, addresses, government IDs, and partial bank details. 

The attackers then used this information for sophisticated phishing campaigns, successfully deceiving some customers into surrendering account credentials and funds.

“While private encryption keys remained secure, sufficient customer information was exposed to enable sophisticated phishing attacks by criminals posing as Coinbase personnel.”

Coinbase now faces up to $400 million in compensation costs and has pledged to reimburse affected users, but the incident highlights the systemic vulnerability created when large troves of personal data are centralized-even if passwords and private keys are not directly compromised. The breach also triggered a notable drop in Coinbase’s share price and prompted a $20 million bounty for information leading to the attackers’ capture.

The Bottom Line

The UK’s forthcoming crypto reporting regime represents a landmark in financial regulation, promising greater transparency and tax compliance. However, as the Coinbase episode demonstrates, the aggregation of sensitive user data at scale poses a significant cybersecurity risk.

As regulators push for more oversight, the challenge will be ensuring that consumer protection does not become a double-edged sword-exposing users to new threats even as it seeks to shield them from old ones.

@ 04c3c1a5:a94cf83d

Testing Testing Testing

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Would love a test

nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqg7waehxw309anx2etywvhxummnw3ezucnpdejz7ur0wp6kcctjqqspywh6ulgc0w3k6mwum97m7jkvtxh0lcjr77p9jtlc7f0d27wlxpslwvhau

| | | | | ------------------------ | - | - | | Quick'hthbdoiwenweuifier | | | | 1. Little | | |

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MUCH BETTER

@ b1ddb4d7:471244e7

This article was originally published on aier.org

Even after eleven years experience, and a per Bitcoin price of nearly $20,000, the incredulous are still with us. I understand why. Bitcoin is not like other traditional financial assets.

Even describing it as an asset is misleading. It is not the same as a stock, as a payment system, or a money. It has features of all these but it is not identical to them.

What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests of secure titles to ownership of a scarce good. Those without experience in the sector look at all of this and get frustrated that understanding why it is valuable is not so easy to grasp. 

In this article, I’m updating an analysis I wrote six years ago. It still holds up. For those who don’t want to slog through the entire article, my thesis is that Bitcoin’s value obtains from its underlying technology, which is an open-source ledger that keeps track of ownership rights and permits the transfer of these rights. Bitcoin managed to bundle its unit of account with a payment system that lives on the ledger. That’s its innovation and why it obtained a value and that value continues to rise. 

Consider the criticism offered by traditional gold advocates, who have, for decades, pushed the idea that sound money must be backed by something real, hard, and independently valuable. Bitcoin doesn’t qualify, right? Maybe it does. 

Bitcoin first emerged as a possible competitor to national, government-managed money in 2009. Satoshi Nakamoto’s white paper was released October 31, 2008. The structure and language of this paper sent the message: This currency is for computer technicians, not economists nor political pundits. The paper’s circulation was limited; novices who read it were mystified. 

But the lack of interest didn’t stop history from moving forward. Two months later, those who were paying attention saw the emergence of the “Genesis Block,” the first group of bitcoins generated through Nakamoto’s concept of a distributed ledger that lived on any computer node in the world that wanted to host it.

Here we are all these years later and a single bitcoin trades at $18,500. The currency is held and accepted by many thousands of institutions, both online and offline. Its payment system is very popular in poor countries without vast banking infrastructures but also in developed countries. And major institutions—including the Federal Reserve, the OECD, the World Bank, and major investment houses—are paying respectful attention and weaving blockchain technology into their operations.

Enthusiasts, who are found in every country, say that its exchange value will soar even more in the future because its supply is strictly limited and it provides a system vastly superior to government money. Bitcoin is transferred between individuals without a third party. It is relatively low-cost to exchange. It has a predictable supply. It is durable, fungible, and divisible: all crucial features of money. It creates a monetary system that doesn’t depend on trust and identity, much less on central banks and government. It is a new system for the digital age.

Hard lessons for hard money

To those educated in the “hard money” tradition, the whole idea has been a serious challenge. Speaking for myself, I had been reading about bitcoin for two years before I came anywhere close to understanding it. There was just something about the whole idea that bugged me. You can’t make money out of nothing, much less out of computer code. Why does it have value then? There must be something amiss. This is not how we expected money to be reformed.

There’s the problem: our expectations. We should have been paying closer attention to Ludwig von Mises’ theory of money’s origins—not to what we think he wrote, but to what he actually did write. 

In 1912, Mises released The Theory of Money and Credit. It was a huge hit in Europe when it came out in German, and it was translated into English. While covering every aspect of money, his core contribution was in tracing the value and price of money—and not just money itself—to its origins. That is, he explained how money gets its price in terms of the goods and services it obtains. He later called this process the “regression theorem,” and as it turns out, bitcoin satisfies the conditions of the theorem.

Mises’ teacher, Carl Menger, demonstrated that money itself originates from the market—not from the State and not from social contract. It emerges gradually as monetary entrepreneurs seek out an ideal form of commodity for indirect exchange. Instead of merely bartering with each other, people acquire a good not to consume, but to trade. That good becomes money, the most marketable commodity.

But Mises added that the value of money traces backward in time to its value as a bartered commodity. Mises said that this is the only way money can have value.

The theory of the value of money as such can trace back the objective exchange value of money only to that point where it ceases to be the value of money and becomes merely the value of a commodity…. If in this way we continually go farther and farther back we must eventually arrive at a point where we no longer find any component in the objective exchange value of money that arises from valuations based on the function of money as a common medium of exchange; where the value of money is nothing other than the value of an object that is useful in some other way than as money…. Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility.

Mises’ explanation solved a major problem that had long mystified economists. It is a narrative of conjectural history, and yet it makes perfect sense. Would salt have become money had it otherwise been completely useless? Would beaver pelts have obtained monetary value had they not been useful for clothing? Would silver or gold have had money value if they had no value as commodities first? The answer in all cases of monetary history is clearly no. The initial value of money, before it becomes widely traded as money, originates in its direct utility. It’s an explanation that is demonstrated through historical reconstruction. That’s Mises’ regression theorem.

Bitcoin’s Use Value

At first glance, bitcoin would seem to be an exception. You can’t use a bitcoin for anything other than money. It can’t be worn as jewelry. You can’t make a machine out of it. You can’t eat it or even decorate with it. Its value is only realized as a unit that facilitates indirect exchange. And yet, bitcoin already is money. It’s used every day. You can see the exchanges in real time. It’s not a myth. It’s the real deal.

It might seem like we have to choose. Is Mises wrong? Maybe we have to toss out his whole theory. Or maybe his point was purely historical and doesn’t apply in the future of a digital age. Or maybe his regression theorem is proof that bitcoin is just an empty mania with no staying power, because it can’t be reduced to its value as a useful commodity.

And yet, you don’t have to resort to complicated monetary theory in order to understand the sense of alarm surrounding bitcoin. Many people, as I did, just have a feeling of uneasiness about a money that has no basis in anything physical. Sure, you can print out a bitcoin on a piece of paper, but having a paper with a QR code or a public key is not enough to relieve that sense of unease.

How can we resolve this problem? In my own mind, I toyed with the issue for more than a year. It puzzled me. I wondered if Mises’ insight applied only in a pre-digital age. I followed the speculations online that the value of bitcoin would be zero but for the national currencies into which it is converted. Perhaps the demand for bitcoin overcame the demands of Mises’ scenario because of a desperate need for something other than the dollar.

As time passed—and I read the work of Konrad Graf, Peter Surda, and Daniel Krawisz—finally the resolution came. Bitcoin is both a payment system and a money. The payment system is the source of value, while the accounting unit merely expresses that value in terms of price. The unity of money and payment is its most unusual feature, and the one that most commentators have had trouble wrapping their heads around.

We are all used to thinking of currency as separate from payment systems. This thinking is a reflection of the technological limitations of history. There is the dollar and there are credit cards. There is the euro and there is PayPal. There is the yen and there are wire services. In each case, money transfer relies on third-party service providers. In order to use them, you need to establish what is called a “trust relationship” with them, which is to say that the institution arranging the deal has to believe that you are going to pay.

This wedge between money and payment has always been with us, except for the case of physical proximity.

If I give you a dollar for your pizza slice, there is no third party. But payment systems, third parties, and trust relationships become necessary once you leave geographic proximity. That’s when companies like Visa and institutions like banks become indispensable. They are the application that makes the monetary software do what you want it to do.

The hitch is that

@ 5391098c:74403a0e

(Textículo em prosa erudita sobre a Ideologia Anarco-Capitalista-Cristã)

https://davipinheiro.com/01-escravos-da-cara-inchada/

A cultura #Woke apropriou-se da imagem sobre a #escravidão. Quando uma pessoa aculturada imagina um #escravo, vem em sua mente a imagem de um ser humano negro, magro e flagelado. Para quem enxerga além das cortinas da mentira, vem em sua mente a imagem de um ser humano de qualquer etnia, gordo e doente.

Democracia, péssimo regime de governo assim classificado pelo seu próprio idealizador: Platão em A República, é o grito da hienas de dentes arreganhados para ampliação do regime escravocrata fomentado pelos #GlobalistasSatanistas.

Um escravo da cara inchada é todo aquele ser humano ignorante inconsciente que alimenta esse sistema em troca de intoxicantes como flúor¹, cloro, glutamato monosódico, gordura trans, corantes, conservantes, refrigerantes, bebidas alcoólicas, psicotrópicos e remédios sintomáticos, tudo embrulhado com mentiras reiteradas.

Como consequência, após os 18 anos de idade o corpo do #EscravoDaCaraInchada sucumbe à tamanha intoxicação e passa a inchar, sendo fisicamente perceptível sua condição de escravo da cara inchada tanto à olho nú quando por reconhecimento facial de qualquer pseudo inteligência artificial.

O círculo vicioso da #EscravidaoDemocratica é tão simples e tosco como o “pão e circo romano”, Mesmo assim é muito difícil para o escravo da cara inchada perceber a própria condição tamanha é sua intoxicação física e mental.

Se um Anarco-Capitalista-Cristão (#Ancapcristão) chega para um escravo da cara inchada e explica sobre esses intoxicantes como instrumento de escravização, dificilmente o escravo da cara inchada irá acreditar pois diferentemente do antigo e aposentado chicote, o novo instrumento da escravidão não dói de imediato e os próprios efeitos da intoxicação impedem-no de raciocinar com clareza.

Portanto, para que os #GlobalistasSatanistas obtivessem sucesso na democratização da escravidão, tiveram que criar um chicote químico e uma ideologia favorável. Quanto às etapas utilizadas para formação dessa ideologia no inconsciente coletivo passo a elencar as 6 grandes mentiras em ordem cronológica:

(1ª etapa) Iluminismo: distanciamento de #Deus e seus ensinamentos, criação de sociedades secretas, exacerbação do ser humano perante o criador na tentativa de projetar o ser humano como seu próprio deus, tornando-o responsável sobre os rumos naturais do planeta. Assim formou-se a base ideológica para o materialismo, ambientalismo, feminismo, controle populacional e ideologia de gêneros;

(2ª etapa) Materialismo: perda do propósito espiritual e do sentido da vida², o que passa a importar são apenas as coisas materiais, acima inclusive do próprio ser humano. A perpetuação da espécie também fica em segundo plano. Assim formou-se a base ideológica para o ambientalismo, feminismo, controle populacional e ideologia de gêneros;

(3ª etapa) Ambientalismo: redução do ser humano à mero câncer do planeta superlotado, atribuído-lhe a responsabilidade por qualquer desastre natural. Assim formou-se a base ideológica para o controle populacional e ideologia de gêneros;

(4ª etapa) Feminismo: enfraquecimento do ser humano por meio da sua divisão em duas categorias: macho e fêmea, os quais são inimigos e não cooperadores. A ideia de igualdade de gêneros é tão antagônica que beira ao conflito cognitivo³: Eles querem separar para dizer que são iguais... Ora, como não pode haver diferenças entre os gêneros se eles são fisicamente e mentalmente diferentes? Nesse diapasão, mesmo não sendo os estados nacionais os arquitetos da escravidão democrática e sim meros fantoches dos globalistas satanistas, o voto feminino foi fundamental para aprovação de leis misândricas com o fito de acelerar a destruição da base familiar do escravo da cara inchada. Importante mencionar que a base familiar dos globalistas satanistas continua sendo patriarcal. Assim formou-se a base ideológica para o controle populacional e ideologia de gêneros;

(5ª etapa) Controle Populacional: “Crescei e multiplicai-vos” é o caralho, Deus não sabe de nada (Iluminismo), o que importa é o dinheiro e filho é caro (Materialismo), para que colocar mais um ser humano nesse planeta doente e superlotado (Ambientalismo), além disso o sexo oposto é meu inimigo (Feminismo). Essa é base ideológica que antecede a ideologia de Controle Populacional, ainda reforçada pela apologia à castração, já que em todas as mídias produzidas com patrocínio oculto de capital globalista satanista tentam normalizar a castração do homem (perda da capacidade de reprodução) desde em desenhos infantis até grandes produções cinematográficas, ora em tom de humor ora em tom de tortura. Assim os escravos da cara inchada do sexo masculino perderam sua identidade, essência e desejo de ser o que são, formando-se a base ideológica para o homossexualismo, ou seja, para a ideologia de gêneros.

(6ª etapa) Ideologia de Gêneros: É a cereja do bolo para os planos do Diabo (Anjo invejoso de Deus que quer destruir a maior criação: nós). Enquanto os globalistas satanistas, dentro de sua sábia ignorância, acreditam estarem chefiando a democratização da escravidão, na verdade também não passam de meros fantoches do Anjo Caído. Com a sexta e última etapa de mentiras para extinção da humanidade (#apocalipse) posta em prática através da Ideologia de Gêneros, fecha-se o ciclo vicioso de mentiras que se auto justificam: Se #Deus não presta, o que vale são os bens materiais, o ser humano é um câncer no planeta, o sexo oposto é inimigo e ter filhos é uma péssima ideia e ser homem másculo é crime, então ser #homossexual é a melhor opção, inclusive vamos castrar os meninos antes da puberdade sem o consentimento dos pais ou mães solo. Aqui também há uma grande bifurcação do círculo vicioso de mentiras, qual seja o gritante conflito cognitivo³: Se todos os homens deixarem de ser másculos, quem vai comer os #gays afeminados? Ou se todas as mulheres deixarem de ser femininas, quem as #sapatonas irão comer? E o pior, se todos passem a ser homossexuais quem vai perpetuar a espécie? Seremos extintos no lapso temporal de apenas uma geração, pois a fraudulenta medicina moderna jamais terá a capacidade de gerar bebês de chocadeira à tempo.

É interessante enxergar que mesmo os Globalistas Satanistas, dentro de sua sábia ignorância, acreditando estarem democratizando a escravidão em benefício próprio, na verdade apenas estão fomentando o apocalipse, ou seja sua própria extinção. Também não terão qualquer lugar especial no inferno, sinônimo de mal é mentira. Portanto os #GlobalistaSatanistas são meros fantoches do #Diabo enganador, tão submissos quanto o Escravo da Cara Inchada…

Interessante também enxergar que o livre arbítrio é uma condição obrigatória para independência da criação (anjo e ser humano). Todos somos livres para escolher entre o bem e o mal, se iremos ser escravos de #Deus ou escravos do Diabo. Se assim não fosse, inexistiria criação pois seríamos mera extensão da consciência do #Criador, em outras palavras: para que exista uma criação, essa deve ter a capacidade de decisão de forma independente, o chamado livre arbítrio.

Com base nisso, temos que não cabe à nos fazer qualquer revolução, tudo está normal, a luta entre o bem e o mal sempre irá existir pois um não existe sem o outro. Nos cabe apenas escolher o lado. Nesse contexto, tenho a seguinte mensagem destinada à você para encerrar o presente Textículo Anarco-Capitalista-Cristão:

------ > Se você for um ANARCO-CAPITALISTA-CRISTÃO passe esta palavra à diante para que a verdade atinja o maior número de ignorantes inconscientes possível;

------ > Se você for um GLOBALISTA SATANISTA, vai viver sua vida, desfrutar da própria fortuna e pare de ser fantoche o Diabo, mentiram para você: não terá qualquer lugar especial quando morrer;

------ > Se você for um ESCRAVO DA CARA INCHADA e não entendeu o que eu disse, por favor me pergunte ou debata comigo, terei o prazer em lhe ajudar a enxergar a verdade. Pare de trabalhar por dinheiro fiduciário, passe a aceitar #Monero e #Bitcoin em troca do seu trabalho, pois isso é o único jeito de sermos financeiramente livres, se tiver alguma dúvida sobre #criptomoedas me pergunte e terei o prazer e ensinar. Se ainda assim você se recusa a enxergar a verdade exposta aqui, por favor aceite #Monero e #Bitcoin quando for dar o seu cú. Ou melhor, cometa suicídio, já que você é um câncer no planeta, salve a natureza.

(Davi Pinheiro)

¹ - https://davipinheiro.com/teoria-da-conspiracao-o-fluor-na-agua-e-usado-para-controlar-mentes-revista-super-interessante-editora-abril/

² - https://davipinheiro.com/qual-o-sentido-da-vida/

³ - https://davipinheiro.com/entendendo-as-referencias-cruzadas-do-pensamento/

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npub1ywcw97xsl93l0mqmdpshqx4yu507xqa8zy8p3l8vrkgkek90wm7qjhp74e npub1d9f66fpawpeyrdh9jkyccfdgut6u9ghufwly5gyttfy790mp88sqgx5v98 npub1cx5js2ma5gf7fqn7yv8sjtezvg3agfth7yyxhwywtqypkat493ksjm7yr8 npub1ykrmhyqc0mjhdf5mzuz37g3jkt5ma7v0uesmuyvhueaqs5ysfres02hqjd npub13k3ynlhc2ret9nvzamj4cgrnq9fx3uzyx8ral84tjtk5pmxqpcysdzrzgt npub1jdaa64eyuql4hd0244mp7z7n82egpmt2d79ny9avjufkpm5gz46shcdfng npub1ne99yarta29qxnsp0ssp6cpnnqmtwl8cvklenfcsg2fantuvf0zqmpxjxk npub1klwact0ar00r9uer7tzh2zq0ytx3f552tt8qavszdhvu6vpv3uzqwpkjqz npub124rja8qp7dartasr9wdh3kk78phxunzhmq8ar5ryd2anj2qwtcnsz3tuhs npub1c7kdmhhae7x40q8zq9eudgqm9wgz0q3av4nrgaqe2qqphqmqvczqhee447

@ 15cf81d4:b328e146

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🔑 Expertise You Can Trust\ At Crypt Recver, we blend advanced technology with skilled engineers who have a solid track record in crypto recovery. Whether you’ve forgotten your passwords, lost your private keys, or encountered issues with damaged hardware wallets, our team is ready to assist.

⚡ Fast Recovery Process\ Time is crucial when recovering lost funds. Crypt Recver’s systems are designed for speed, enabling quick recoveries — allowing you to return to what matters most: trading and investing.

🎯 High Success Rate\ With a success rate exceeding 90%, our recovery team has aided numerous clients in regaining access to their lost assets. We grasp the complexities of cryptocurrency and are committed to providing effective solutions.

🛡️ Confidential & Secure\ Your privacy is paramount. All recovery sessions at Crypt Recver are encrypted and completely confidential. You can trust us with your information, knowing we uphold the highest security standards.

🔧 Advanced Recovery Tools\ We employ proprietary tools and techniques to tackle complex recovery scenarios, from retrieving corrupted wallets to restoring coins from invalid addresses. No matter the challenge, we have a solution.

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@ 000002de:c05780a7

I've been trying out Arch Linux again and the thing that always surprises me is pacman. The way it works seems so unintuitive to me coming from the apt, yum, and dnf worlds.

I know I will get it and it will become internalized but I just wonder what the designer was thinking when making the flags/commands.

https://stacker.news/items/985808

@ 57d1a264:69f1fee1

You don’t have to be a type designer to appreciate what goes into the design of a letterform. In fact, even if you’re just a humble graphic designer, you should have a basic knowledge of what constructs the type you employ.

Typography, for all its concepts, expectations, implications, connotations and artistry, is, ultimately, a system. Just like a body has bones and muscles, every letterform has parts that give it shape, rhythm, and character.

If you're a creative working with type, learning the names of these parts helps you communicate clearly, better analyze your work and others, and design with precision. Everything comes down to a foundational understanding of the anatomy of the letterform and its essential component. So let’s help you with that.

Pangram Pangram Foundry is where the art of typography meets unparalleled craftsmanship. Established in 2018 by designer Mat Desjardins, Pangram Pangram has swiftly risen to become a globally recognized independent type foundry, admired and trusted by industry peers and the design community alike.

Read more about the anatomy of fonts at https://pangrampangram.com/blogs/journal/anatomy-of-the-letterform

originally posted at https://stacker.news/items/978828

@ 0e9491aa:ef2adadf

Bank run on every crypto bank then bank run on every "real" bank.

— ODELL (@ODELL) December 14, 2022

The four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Prime Trust does not custody funds themselves but rather maintains deposit accounts at BMO Harris Bank, Cross River, Lexicon Bank, MVB Bank, and Signature Bank. Silvergate and Silicon Valley Bank have already stopped withdrawals. More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.

Bitcoin gives us all the ability to opt out of a system that has massive layers of counterparty risk built in, years of cheap money and broken incentives have layered risk on top of risk throughout the entire global economy. If you thought the FTX bank run was painful to watch, I have bad news for you: every major bank in the world is fractional reserve. Bitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.

The rules of bitcoin are extremely hard to change by design. Anyone can access the network directly without a trusted third party by using their own node. Owning more bitcoin does not give you more control over the network with all participants on equal footing.

Bitcoin is:
- money that is not controlled by a company or government
- money that can be spent or saved without permission
- money that is provably scarce and should increase in purchasing power with adoption

Bitcoin is money without trust. Whether you are a nation state, corporation, or an individual, you can use bitcoin to spend or save without permission. Social media will accelerate the already deteriorating trust in our institutions and as this trust continues to crumble the value of trust minimized money will become obvious. As adoption increases so should the purchasing power of bitcoin.

A quick note on "stablecoins," such as USDC - it is important to remember that they rely on trusted custodians. They have the same risk as funds held directly in bank accounts with additional counterparty risk on top. The trusted custodians can be pressured by gov, exit scam, or caught up in fraud. Funds can and will be frozen at will. This is a distinctly different trust model than bitcoin, which is a native bearer token that does not rely on any centralized entity or custodian.

Most bitcoin exchanges have exposure to these failing banks. Expect more chaos and confusion as this all unwinds. Withdraw any bitcoin to your own wallet ASAP.

Simple Self Custody Guide: https://werunbtc.com/muun
More Secure Cold Storage Guide: https://werunbtc.com/coldcard

---

If you found this post helpful support my work with bitcoin.

@ 000002de:c05780a7

I completely missed this until yesterday. I was listening to our local news talk station and it came up. They had some people that were pretty knowledgeable about prostate cancer on. They talked about other presidents being tested while in office for it. They came to conclusion that it is possible that Biden wasn't having his PSA checked. This is pretty normal for a old dude his age. But it is not normal for a President his age.

My thought is much simpler.

We know his doctors, the media, and his admin were lying about his health when he was in office. Hello! Anyone paying attention and not invested in his regime knew he was declining mentally in front of our very eyes. They covered for him over and over again. Only those that don't pay attention or discounted his critics completely was surprised by his debate performance.

To be clear though, Biden is far from the first president to do this. Wilson, FDR, Kennedy, and Reagan all had issues and they were kept from the public. If we learned these things in school we might actually have a public that thinks critically once and a while.

So, with that in mind do you really think the regime would not withhold medical info about this cancer? Come on. Don't be naive. He clearly was not in charge 100% of the time while in office and the regime wanted to maintain power. Sharing that he had prostate cancer would not be on the menu.

Politics is like a drug that numbs the brain. Because people don't like one party or person they retard their thinking. Its the same thing as happens in sports. Fans of one team see the same play completely differently from the other team's fans. Politics and the investment into parties kills most people's objectivity.

I don't trust liars. It honestly blows my mind how trusting people can be of professional liars. Both parties are full of liars. Trump is a liar and those opposing him are liars. We are drowning in lies. You can vote for a lessor of two evils but never forget what they are.

https://stacker.news/items/985791

@ 57d1a264:69f1fee1

Steve Jobs sent me an email saying “Great idea, thank you."

Wait, what? What was the great idea?

new guy at NeXT In October of 1991, I was a new Systems Engineer at NeXT. NeXT, of course, was the company Steve Jobs had founded after leaving Apple in 1985, and which eventually merged back into Apple in 1996. I was one of three employees in Canada, and I think NeXT had about 400 people total.

NeXTMail Mail on the NeXT Computer was pretty amazing in 1991. Multimedia! Fonts! Attachments! Sounds! It’s hard to overstate how cool that was compared to the command line email everybody was used to. Every NeXT user got this email from Steve when they started up their computer.

That message included an attachment of what NeXT called Lip Service, the crazy idea that you could embed an audio file inside an email message. Crazy.

i have an idea

NeXT automatically set everybody up with a first-initial last-name address in the usual way, so I was shayman@next.com, and the big guy was sjobs@next.com.

A few colleagues had somehow acquired cooler email aliases - single letter things, or their first name, or a nickname or an easier to spell version, or whatever. Turns out NeXT had set up some sort of form where you could request an email alias that would redirect to whatever your real email address was.

I also noticed that even though there were seven or eight people at NeXT named Steve, nobody was using the email alias steve@next.com.

So late one Friday night, two weeks into the job, I figured, naively, what the heck, nobody else seems to want it, so I filled in the form asking for steve@next.com to be forwarded to me, shayman@next.com.

In the back of my mind was a vague idea that maybe somebody would have to approve this. But no, it all got set up automatically, and …

Continue reading at https://blog.hayman.net/2025/05/06/from-steve-jobs-great-idea.html

originally posted at https://stacker.news/items/978825

@ 87f5e1d9:e251d8f4

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🛡️ Real-Time Dust Attack Protection Our services extend beyond recovery. We offer dust attack protection, keeping your activity anonymous and your funds secure, shielding your identity from unwanted tracking, ransomware, and phishing attempts.

🎉 Start Your Recovery Journey Today! Ready to reclaim your lost crypto? Don’t wait until it’s too late! 👉 cryptrecver.com

📞 Need Immediate Assistance? Connect with Us! For real-time support or questions, reach out to our dedicated team on: ✉️ Telegram: t.me/crypptrcver 💬 WhatsApp: +1(941)317–1821

Crypt Recver is your trusted partner in cryptocurrency recovery. Let us turn your challenges into victories. Don’t hesitate — your crypto future starts now! 🚀✨

Act fast and secure your digital assets with cryptrecver.com.Losing access to your cryptocurrency can feel like losing a part of your future. Whether it’s due to a forgotten password, a damaged seed backup, or a simple mistake in a transfer, the stress can be overwhelming. Fortunately, cryptrecver.com is here to assist! With our expert-led recovery services, you can safely and swiftly reclaim your lost Bitcoin and other cryptocurrencies.

# Why Trust Crypt Recver? 🤝

🛠️ Expert Recovery Solutions\ At Crypt Recver, we specialize in addressing complex wallet-related issues. Our skilled engineers have the tools and expertise to handle:

• Partially lost or forgotten seed phrases
• Extracting funds from outdated or invalid wallet addresses
• Recovering data from damaged hardware wallets
• Restoring coins from old or unsupported wallet formats

You’re not just getting a service; you’re gaining a partner in your cryptocurrency journey.

🚀 Fast and Efficient Recovery\ We understand that time is crucial in crypto recovery. Our optimized systems enable you to regain access to your funds quickly, focusing on speed without compromising security. With a success rate of over 90%, you can rely on us to act swiftly on your behalf.

🔒 Privacy is Our Priority\ Your confidentiality is essential. Every recovery session is conducted with the utmost care, ensuring all processes are encrypted and confidential. You can rest assured that your sensitive information remains private.

💻 Advanced Technology\ Our proprietary tools and brute-force optimization techniques maximize recovery efficiency. Regardless of how challenging your case may be, our technology is designed to give you the best chance at retrieving your crypto.

Our Recovery Services Include: 📈

• Bitcoin Recovery: Lost access to your Bitcoin wallet? We help recover lost wallets, private keys, and passphrases.
• Transaction Recovery: Mistakes happen — whether it’s an incorrect wallet address or a lost password, let us manage the recovery.
• Cold Wallet Restoration: If your cold wallet is failing, we can safely extract your assets and migrate them into a secure new wallet.
• Private Key Generation: Lost your private key? Our experts can help you regain control using advanced methods while ensuring your privacy.

⚠️ What We Don’t Do\ While we can handle many scenarios, some limitations exist. For instance, we cannot recover funds stored in custodial wallets or cases where there is a complete loss of four or more seed words without partial information available. We are transparent about what’s possible, so you know what to expect

# Don’t Let Lost Crypto Hold You Back!

Did you know that between 3 to 3.4 million BTC — nearly 20% of the total supply — are estimated to be permanently lost? Don’t become part of that statistic! Whether it’s due to a forgotten password, sending funds to the wrong address, or damaged drives, we can help you navigate these challenges

🛡️ Real-Time Dust Attack Protection\ Our services extend beyond recovery. We offer dust attack protection, keeping your activity anonymous and your funds secure, shielding your identity from unwanted tracking, ransomware, and phishing attempts.

🎉 Start Your Recovery Journey Today!\ Ready to reclaim your lost crypto? Don’t wait until it’s too late!\ 👉 cryptrecver.com

📞 Need Immediate Assistance? Connect with Us!\ For real-time support or questions, reach out to our dedicated team on:\ ✉️ Telegram: t.me/crypptrcver\ 💬 WhatsApp: +1(941)317–1821

Crypt Recver is your trusted partner in cryptocurrency recovery. Let us turn your challenges into victories. Don’t hesitate — your crypto future starts now! 🚀✨

Act fast and secure your digital assets with cryptrecver.com.

@ 0e9491aa:ef2adadf

The newly proposed RESTRICT ACT - is being advertised as a TikTok Ban, but is much broader than that, carries a $1M Fine and up to 20 years in prison️! It is unconstitutional and would create massive legal restrictions on the open source movement and free speech throughout the internet.

The Bill was proposed by: Senator Warner, Senator Thune, Senator Baldwin, Senator Fischer, Senator Manchin, Senator Moran, Senator Bennet, Senator Sullivan, Senator Gillibrand, Senator Collins, Senator Heinrich, and Senator Romney. It has broad support across Senators of both parties.

Corrupt politicians will not protect us. They are part of the problem. We must build, support, and learn how to use censorship resistant tools in order to defend our natural rights.

The RESTRICT Act, introduced by Senators Warner and Thune, aims to block or disrupt transactions and financial holdings involving foreign adversaries that pose risks to national security. Although the primary targets of this legislation are companies like Tik-Tok, the language of the bill could potentially be used to block or disrupt cryptocurrency transactions and, in extreme cases, block Americans’ access to open source tools or protocols like Bitcoin.

The Act creates a redundant regime paralleling OFAC without clear justification, it significantly limits the ability for injured parties to challenge actions raising due process concerns, and unlike OFAC it lacks any carve-out for protected speech. COINCENTER ON THE RESTRICT ACT

Full Text of Bill

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If you found this post helpful support my work with bitcoin.

@ cefb08d1:f419beff

https://stacker.news/items/986402

@ d360efec:14907b5f

🚀📉 #BTC วิเคราะห์ H2! พุ่งชน 105K แล้วเจอแรงขาย... จับตา FVG 100.5K เป็นจุดวัดใจ! 👀📊

จากากรวิเคราะห์ทางเทคนิคสำหรับ #Bitcoin ในกรอบเวลา H2:

สัปดาห์ที่แล้ว #BTC ได้เบรคและพุ่งขึ้นอย่างแข็งแกร่งค่ะ 📈⚡ แต่เมื่อวันจันทร์ที่ผ่านมา ราคาได้ขึ้นไปชนแนวต้านบริเวณ 105,000 ดอลลาร์ แล้วเจอแรงขายย่อตัวลงมาตลอดทั้งวันค่ะ 🧱📉

ตอนนี้ ระดับที่น่าจับตาอย่างยิ่งคือโซน H4 FVG (Fair Value Gap ในกราฟ 4 ชั่วโมง) ที่ 100,500 ดอลลาร์ ค่ะ 🎯 (FVG คือโซนที่ราคาวิ่งผ่านไปเร็วๆ และมักเป็นบริเวณที่ราคามีโอกาสกลับมาทดสอบ/เติมเต็ม)

👇 โซน FVG ที่ 100.5K นี้ ยังคงเป็น Area of Interest ที่น่าสนใจสำหรับมองหาจังหวะ Long เพื่อลุ้นการขึ้นในคลื่นลูกถัดไปค่ะ!

🤔💡 อย่างไรก็ตาม การตัดสินใจเข้า Long หรือเทรดที่บริเวณนี้ ขึ้นอยู่กับว่าราคา แสดงปฏิกิริยาอย่างไรเมื่อมาถึงโซน 100.5K นี้ เพื่อยืนยันสัญญาณสำหรับการเคลื่อนไหวที่จะขึ้นสูงกว่าเดิมค่ะ!

เฝ้าดู Price Action ที่ระดับนี้อย่างใกล้ชิดนะคะ! 📍

BTC #Bitcoin #Crypto #คริปโต #TechnicalAnalysis #Trading #FVG #FairValueGap #PriceAction #MarketAnalysis #ลงทุนคริปโต #วิเคราะห์กราฟ #TradeSetup #ข่าวคริปโต #ตลาดคริปโต

@ fbf0e434:e1be6a39

Hackathon 概要

AI BUIDL Lab: 基于提示工程（Prompt Engineering）在 Rootstock 上构建真实 Web3 应用的黑客松 近日收官，共有 211 名开发者注册并提交 22 个项目。本次活动旨在鼓励开发者借助 AI 驱动的工作流程，在 Rootstock 平台开发 Web3 应用。参与者聚焦三大领域：去中心化金融（DeFi）与支付、商业与零工经济，以及 Web3 身份与声誉体系，通过 AI 技术加速去中心化应用（dApps）的创新迭代。

活动产出丰硕成果，包括去中心化金融解决方案、AI 增强型身份管理系统等，凸显了 AI 与 Web3 集成的潜力。赛事奖金池包含 1.5 万美元的 RIF 代币，用于奖励在创意性和技术执行力方面表现突出的顶尖项目。

本次黑客松不仅印证了 AI 在简化去中心化应用开发中的价值，也展现了 Web3 生态系统的进阶成果。活动与 thirdweb、Alchemy 及 RootstockLabs 的合作，为开发者高效参与及产出创新项目提供了有力支持。

Hackathon 获奖者

DeFi 和支付奖项得主

• ProtectedPay_Rootstock：一个在 CrossFi 链上的 DeFi 平台，通过先进的区块链功能促进安全转账、群体支付和智能储蓄。
• AIFi: AI-Powered DeFi Hub on Rootstock：利用 AI 提供汇款、信用评分和用户界面改善，提高拉丁美洲的金融可访问性。

商业和零工经济奖项得主

• SwipeGig：一个利用区块链和 AI 连接自由职业者和客户的去中心化人才市场，确保安全交易。
• HireStamp：使用 AI 评分的凭证进行简历验证，将信誉锚定于比特币的安全基础设施。

Web3 中的身份和声誉奖项得主

• AgenticID：提供自我主权身份验证，结合区块链和 AI，使用零知识证明进行安全的用户认证。
• TrustScan：使用 AI 分析 Rootstock 上的钱包活动，生成信誉和身份评分，加强信任。

赏金最佳 AI 提示使用

• AuditFi_Rootstock：提供 AI 驱动的智能合约安全审计，通过链上验证增强透明度和信任。
• RSK Smart Yield Engine：一个 AI 驱动的 DeFi 协议收益优化器，通过智能合约和 AI 管理资金和制定策略。

有关所有项目的更多信息，请访问 DoraHacks。

关于组织者

Rootstock

Rootstock - 比特币 DeFi 层 - 专注于将比特币强大的网络与以太坊的智能合约功能相结合，提升区块链的互操作性。Rootstock 以技术专长著称，已经创建了一个支持去中心化金融应用的平台。该组织致力于通过扩展在金融服务中智能合约的可访问性和功能性来推动区块链领域的创新。

@ 6fc114c7:8f4b1405

In the realm of cryptocurrency, the stakes are incredibly high, and losing access to your digital assets can be a daunting experience. But don’t worry — cryptrecver.com is here to transform that nightmare into a reality! With expert-led recovery services and leading-edge technology, Crypt Recver specializes in helping you regain access to your lost Bitcoin and other cryptocurrencies.

Why Choose Crypt Recver? 🤔 🔑 Expertise You Can Trust At Crypt Recver, we blend advanced technology with skilled engineers who have a solid track record in crypto recovery. Whether you’ve forgotten your passwords, lost your private keys, or encountered issues with damaged hardware wallets, our team is ready to assist.

⚡ Fast Recovery Process Time is crucial when recovering lost funds. Crypt Recver’s systems are designed for speed, enabling quick recoveries — allowing you to return to what matters most: trading and investing.

🎯 High Success Rate With a success rate exceeding 90%, our recovery team has aided numerous clients in regaining access to their lost assets. We grasp the complexities of cryptocurrency and are committed to providing effective solutions.

🛡️ Confidential & Secure Your privacy is paramount. All recovery sessions at Crypt Recver are encrypted and completely confidential. You can trust us with your information, knowing we uphold the highest security standards.

🔧 Advanced Recovery Tools We employ proprietary tools and techniques to tackle complex recovery scenarios, from retrieving corrupted wallets to restoring coins from invalid addresses. No matter the challenge, we have a solution.

Our Recovery Services Include: 📈 Bitcoin Recovery: Lost access to your Bitcoin wallet? We can assist in recovering lost wallets, private keys, and passphrases. Transaction Recovery: Mistaken transfers, lost passwords, or missing transaction records — let us help you reclaim your funds! Cold Wallet Restoration: Did your cold wallet fail? We specialize in safely extracting assets. Private Key Generation: Forgotten your private key? We can help you generate new keys linked to your funds without compromising security. Don’t Let Lost Crypto Ruin Your Day! 🕒 With an estimated 3 to 3.4 million BTC lost forever, it’s essential to act quickly when facing access issues. Whether you’ve been affected by a dust attack or simply forgotten your key, Crypt Recver provides the support you need to reclaim your digital assets.

🚀 Start Your Recovery Now! Ready to retrieve your cryptocurrency? Don’t let uncertainty hold you back! 👉 Request Wallet Recovery Help Today!cryptrecver.com

Need Immediate Assistance? 📞 For quick queries or support, connect with us on: ✉️ Telegram: t.me/crypptrcver 💬 WhatsApp: +1(941)317–1821

Trust Crypt Recver for the best crypto recovery service — get back to trading with confidence! 💪

In the realm of cryptocurrency, the stakes are incredibly high, and losing access to your digital assets can be a daunting experience. But don’t worry — cryptrecver.com is here to transform that nightmare into a reality! With expert-led recovery services and leading-edge technology, Crypt Recver specializes in helping you regain access to your lost Bitcoin and other cryptocurrencies.

# Why Choose Crypt Recver? 🤔

🔑 Expertise You Can Trust\ At Crypt Recver, we blend advanced technology with skilled engineers who have a solid track record in crypto recovery. Whether you’ve forgotten your passwords, lost your private keys, or encountered issues with damaged hardware wallets, our team is ready to assist.

⚡ Fast Recovery Process\ Time is crucial when recovering lost funds. Crypt Recver’s systems are designed for speed, enabling quick recoveries — allowing you to return to what matters most: trading and investing.

🎯 High Success Rate\ With a success rate exceeding 90%, our recovery team has aided numerous clients in regaining access to their lost assets. We grasp the complexities of cryptocurrency and are committed to providing effective solutions.

🛡️ Confidential & Secure\ Your privacy is paramount. All recovery sessions at Crypt Recver are encrypted and completely confidential. You can trust us with your information, knowing we uphold the highest security standards.

🔧 Advanced Recovery Tools\ We employ proprietary tools and techniques to tackle complex recovery scenarios, from retrieving corrupted wallets to restoring coins from invalid addresses. No matter the challenge, we have a solution.

# Our Recovery Services Include: 📈

• Bitcoin Recovery: Lost access to your Bitcoin wallet? We can assist in recovering lost wallets, private keys, and passphrases.
• Transaction Recovery: Mistaken transfers, lost passwords, or missing transaction records — let us help you reclaim your funds!
• Cold Wallet Restoration: Did your cold wallet fail? We specialize in safely extracting assets.
• Private Key Generation: Forgotten your private key? We can help you generate new keys linked to your funds without compromising security.

Don’t Let Lost Crypto Ruin Your Day! 🕒

With an estimated 3 to 3.4 million BTC lost forever, it’s essential to act quickly when facing access issues. Whether you’ve been affected by a dust attack or simply forgotten your key, Crypt Recver provides the support you need to reclaim your digital assets.

🚀 Start Your Recovery Now!\ Ready to retrieve your cryptocurrency? Don’t let uncertainty hold you back!\ 👉 Request Wallet Recovery Help Today!cryptrecver.com

Need Immediate Assistance? 📞

For quick queries or support, connect with us on:\ ✉️ Telegram: t.me/crypptrcver\ 💬 WhatsApp: +1(941)317–1821

Trust Crypt Recver for the best crypto recovery service — get back to trading with confidence! 💪

@ eabee230:17fc7576

⚖️ຢ່າລືມສິ່ງທີ່ເຄີຍເກີດຂຶ້ນ ຮອດຊ່ວງທີ່ມີການປ່ຽນແປງລະບົບການເງິນຈາກລະບົບເງິນເກົ່າ ສູ່ລະບົບເງິນໃໝ່ມັນເຮັດໃຫ້ຄົນທີ່ລວຍກາຍເປັນຄົນທຸກໄດ້ເລີຍ ນ້ຳພັກນ້ຳແຮງທີ່ສະສົມມາດ້ວຍຄວາມເມື່ອຍແຕ່ບໍ່ສາມາດແລກເປັນເງິນລະບົບໃໝ່ໄດ້ທັງໝົດ ຖືກຈຳກັດຈຳນວນທີ່ກົດໝາຍວາງອອກມາໃຫ້ແລກ ເງິນທີ່ເຫຼືອນັ້ນປຽບຄືດັ່ງເສດເຈ້ຍ ເພາະມັນບໍ່ມີຢູ່ໃສຮັບອີກຕໍ່ໄປເພາະກົດໝາຍຈະນຳໃຊ້ສະກຸນໃໝ່ ປະຫວັດສາດເຮົາມີໃຫ້ເຫັນວ່າ ແລະ ເຄີຍຜ່ານມາແລ້ວຢ່າໃຫ້ຄົນລຸ້ນເຮົາຊຳ້ຮອຍເກົ່າ.

🕰️ຄົນທີ່ມີຄວາມຮູ້ ຫຼື ໃກ້ຊິດກັບແຫຼ່ງຂໍ້ມູນຂ່າວສານກໍຈະປ່ຽນເງິນທີ່ມີຢູ່ເປັນສິນສັບບໍ່ວ່າຈະເປັນທີ່ດິນ ແລະ ທອງຄຳທີ່ສາມາດຮັກສາມູນລະຄ່າໄດ້ເຮັດໃຫ້ເຂົາຍັງຮັກສາຄວາມມັ້ງຄັ້ງໃນລະບົບໃໝ່ໄດ້.

🕰️ໃຜທີ່ຕ້ອງການຈະຍ້າຍປະເທດກໍ່ຈະໃຊ້ສິ່ງທີ່ເປັນຊື່ກາງໃນການແລກປ່ຽນເປັນທີ່ຍ້ອມຮັບຫຼາຍນັ້ນກໍຄືທອງຄຳ ປ່ຽນຈາກເງິນລະບົບເກົ່າເປັນທອງຄຳເພື່ອທີ່ສາມາດປ່ຽນທອງຄຳເປັນສະກຸນເງິນທ້ອງຖິ່ນຢູ່ປະເທດປາຍທາງໄດ້.

🕰️ຈາກຜູ້ດີເມື່ອກ່ອນກາຍເປັນຄົນທຳມະດາຍ້ອນສັບສິນທີ່ມີ ບໍ່ສາມາດສົ່ງຕໍ່ສູ່ລູກຫຼານໄດ້. ການເກັບອອມເປັນສິ່ງທີ່ດີ ແຕ່ຖ້າໃຫ້ດີຕ້ອງເກັບອອມໃຫ້ຖືກບ່ອນ ຄົນທີ່ຮູ້ທັນປ່ຽນເງິນທີ່ມີຈາກລະບົບເກົ່າໄປສູ່ທອງຄຳ ເພາະທອງຄຳມັນເປັນສາກົນ.
ໃຜທີ່ເຂົ້າໃຈ ແລະ ມອງການໄກກວ່າກໍ່ສາມາດຮັກສາສິນສັບສູ່ລູກຫຼານໄດ້ ເກັບເຈ້ຍໃນປະລິມານທີ່ພໍໃຊ້ຈ່າຍ ປ່ຽນເຈ້ຍໃຫ້ເປັນສິ່ງທີ່ຮັກສາມູນລະຄ່າໄດ້ແທ້ຈິງ.

🕰️ເຮົາໂຊກດີທີ່ເຄີຍມີບົດຮຽນມາແລ້ວ ເກີດຂຶ້ນຈິງໃນປະເທດເຮົາບໍ່ໄດ້ຢາກໃຫ້ທັງໝົດແຕ່ຢາກໃຫ້ສຶກສາ ແລະ ຕັ້ງຄຳຖາມວ່າທີ່ຜ່ານມາມັນເປັນແບບນີ້ແທ້ບໍ່ ເງິນທີ່ລັດຄວາມຄຸມ ເງິນປະລິມານບໍ່ຈຳກັດ ການໃຊ້ກົດໝາຍແບບບັງຄັບ. ຖ້າຄອບຄົວຫຼືຄົນໃກ້ໂຕທີ່ຍູ່ໃນຊ່ວງເຫດການນັ້ນແຕ່ຕັດສິນໃຈຜິດພາດທີ່ບໍ່ປ່ຽນເຈ້ຍເປັນສິນສັບ. ນີ້ແມ່ນໂອກາດທີ່ຈະແກ້ໄຂຂໍ້ຜິດພາດນັ້ນໂດຍຫັນມາສຶກສາເງິນແທ້ຈິງແລ້ວແມ່ນຍັງກັນແທ້ ເວລາມີຄ່າສຶກສາບິດຄອຍ.

fiatcurrency #bitcoin #gold #history #paymentsolutions #laokip #laostr

@ 0e9491aa:ef2adadf

@matt_odell don't you even dare not ask about nostr!

— Kukks (Andrew Camilleri) (@MrKukks) May 18, 2021

Nostr first hit my radar spring 2021: created by fellow bitcoiner and friend, fiatjaf, and released to the world as free open source software. I was fortunate to be able to host a conversation with him on Citadel Dispatch in those early days, capturing that moment in history forever. Since then, the protocol has seen explosive viral organic growth as individuals around the world have contributed their time and energy to build out the protocol and the surrounding ecosystem due to the clear need for better communication tools.

nostr is to twitter as bitcoin is to paypal

As an intro to nostr, let us start with a metaphor:

twitter is paypal - a centralized platform plagued by censorship but has the benefit of established network effects

nostr is bitcoin - an open protocol that is censorship resistant and robust but requires an organic adoption phase

Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.
 - Anyone can run a relay.
 - Anyone can interact with the protocol.
 - Relays can choose which messages they want to relay.
 - Users are identified by a simple public private key pair that they can generate themselves.

Nostr is often compared to twitter since there are nostr clients that emulate twitter functionality and user interface but that is merely one application of the protocol. Nostr is so much more than a mere twitter competitor. Nostr clients and relays can transmit a wide variety of data and clients can choose how to display that information to users. The result is a revolution in communication with implications that are difficult for any of us to truly comprehend.

Similar to bitcoin, nostr is an open and permissionless protocol. No person, company, or government controls it. Anyone can iterate and build on top of nostr without permission. Together, bitcoin and nostr are incredibly complementary freedom tech tools: censorship resistant, permissionless, robust, and interoperable - money and speech protected by code and incentives, not laws.

As censorship throughout the world continues to escalate, freedom tech provides hope for individuals around the world who refuse to accept the status quo. This movement will succeed on the shoulders of those who choose to stand up and contribute. We will build our own path. A brighter path.

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My Nostr Public Key: npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

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If you found this post helpful support my work with bitcoin.

@ 57d1a264:69f1fee1

Past week summary

From a Self Custody for Organizations perspective, after analyzing the existing protocols (Cerberus, 10xSecurityBTCguide and Glacier) and reading a bunch of relates articles and guides, have wrapped to the conclusion that this format it is good to have as reference. However, something else is needed. For example, a summary or a map of the whole process to provide an overview, plus a way to deliver all the information and the multy-process in a more enjoyable way. Not a job for this hackathon, but with the right collaborations I assume it's possible to: - build something that might introduce a bit more quests and gamification - provide a learning environment (with testnet funds) could also be crucial on educating those unfamiliar with bitcoin onchain dynamics.

Have been learning more and playing around practicing best accessibility practices and how it could be applied to a desktop software like Bitcoin Safe. Thanks to @johnjherzog for providing a screen recording of his first experience and @jasonb for suggesting the tools to be used. (in this case tested/testing on Windows with the Accessibility Insights app). Some insight shared have been also applied to the website, running a full accessibility check (under WCAG 2.2 ADA, and Section 508 standards) with 4 different plugins and two online tools. I recognize that not all of them works and analyze the same parameters, indeed they complement each other providing a more accurate review.

For Bitcoin Safe interface improvements, many suggestions have been shared with @andreasgriffin , including: - a new iconset, including a micro-set to display the number of confirmed blocs for each transaction - a redesigned History/Dashboard - small refinements like adding missing columns on the tables - allow the user to select which columns to be displayed - sorting of unconfirmed transactions - Defining a new style for design elements like mempool blocks and quick receive boxes You can find below some screenshots with my proposals that hopefully will be included in the next release.

Last achievement this week was to prepare the website https://Safe.BTC.pub, the container where all the outcomes f this experiment will be published. You can have a look, just consider it still WIP. Branding for the project has also been finalized and available in this penpot file https://design.penpot.app/#/workspace?team-id=cec80257-5021-8137-8005-eab60c043dd6&project-id=cec80257-5021-8137-8005-eab60c043dd8&file-id=95aea877-d515-80ac-8006-23a251886db3&page-id=132f519a-39f4-80db-8006-2a41c364a545

What's for next week

After spending most of the time learning and reading material, this coming week will be focused on deliverables. The goal as planned will be to provide: - Finalized Safe₿its brand and improve overall desktop app experience, including categorization of transactions and addresses - An accessibility report or guide for Bitcoin Safe and support to implement best practices - A first draft of the Self-Custody for Organizations guide/framework/protocol, ideally delivered through the website http://Safe.BTC.pub in written format, but also as FlowChart to help have an overview of the whole resources needed and the process itself. This will clearly define preparations and tools/hardwares needed to successfully complete the process.

To learn more about the project, you can visit: Designathon website: https://event.bitcoin.design/#project-recj4SVNLLkuWHpKq Discord channel: https://discord.com/channels/903125802726596648/1369200271632236574 Previous SN posts: https://stacker.news/items/974489/r/DeSign_r and https://stacker.news/items/974488/r/DeSign_r

Stay tuned, more will be happening this coming week

originally posted at https://stacker.news/items/977190

@ 866e0139:6a9334e5

Autor: Milosz Matuschek. Dieser Beitrag wurde mit dem Pareto-Client geschrieben. Sie finden alle Texte der Friedenstaube und weitere Texte zum Thema Frieden hier. Die neuesten Pareto-Artikel finden Sie auch in unserem Telegram-Kanal.

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Die neuesten Artikel der Friedenstaube gibt es jetzt auch im eigenen Friedenstaube-Telegram-Kanal.

---

https://www.youtube.com/watch?v=gjndTXyk3mw

Im Jahr 1954, als Frankreich gerade dabei war, seine kolonialen Kriege in Indochina und Algerien zu verschärfen, schrieb Boris Vian ein Lied – oder vielmehr: einen poetischen Faustschlag. Le Déserteur ist keine Ballade, sondern ein Manifest. Keine Hymne auf den Frieden, sondern eine Anklage gegen den Krieg. Adressiert an den Präsidenten, beginnt das Chanson wie ein höflicher Brief – und endet als flammender Akt des zivilen Ungehorsams.

„Herr Präsident,\ ich schreibe Ihnen einen Brief,\ den Sie vielleicht lesen werden,\ wenn Sie Zeit haben.“

Was folgt, ist ein klassischer Kriegsdienstverweigerungsbrief, aber eben kein bürokratischer. Vian spricht nicht in Paragraphen, sondern in Herzschlägen. Der Erzähler, ein einfacher Mann, will nicht kämpfen. Nicht für irgendein Vaterland, nicht für irgendeine Fahne, nicht für irgendeinen ideologischen Zweck.

„Ich soll zur Welt gekommen sein,\ um zu leben, nicht um zu sterben.“

70 Jahre später klingt diese Zeile wie ein Skandal. In einer Zeit, in der die Ukraine junge Männer für Kopfgeld auf der Straße zwangsrekrutiert und in Stahlgewitter schickt, in der palästinensische Jugendliche im Gazastreifen unter Trümmern begraben werden, während israelische Reservisten mit Dauerbefehl marschieren – ist Le Déserteur ein sakraler Text geworden. Fast ein Gebet.

„Wenn man mich verfolgt,\ werde ich den Gehorsam verweigern.\ Ich werde keine Waffe in die Hand nehmen,\ ich werde fliehen, bis ich Frieden finde.“

Wie viele „Deserteure“ gibt es heute, die wir gar nicht kennen? Menschen, die sich nicht auf die Seite der Bomben stellen wollen – egal, wer sie wirft? Die sich nicht mehr einspannen lassen zwischen Propaganda und Patriotismus? Die ihre Menschlichkeit über jeden nationalen Befehl stellen?

Der Krieg, sagt Vian, macht aus freien Menschen Befehlsempfänger und aus Söhnen Leichen. Und wer heute sagt, es gebe „gerechte Kriege“, sollte eine Frage beantworten: Ist es auch ein gerechter Tod?

Darum: Verweigert.

Verweigert den Befehl, zu hassen.\ Verweigert den Reflex, Partei zu ergreifen.\ Verweigert den Dienst an der Waffe.

Denn wie Vian singt:

„Sagen Sie's den Leuten:\ Ich werde nicht kommen.“

---

LASSEN SIE DER FRIEDENSTAUBE FLÜGEL WACHSEN!

Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt.

Schon jetzt können Sie uns unterstützen:

• Für 50 CHF/EURO bekommen Sie ein Jahresabo der Friedenstaube.
• Für 120 CHF/EURO bekommen Sie ein Jahresabo und ein T-Shirt/Hoodie mit der Friedenstaube.
• Für 500 CHF/EURO werden Sie Förderer und bekommen ein lebenslanges Abo sowie ein T-Shirt/Hoodie mit der Friedenstaube.
• Ab 1000 CHF werden Sie Genossenschafter der Friedenstaube mit Stimmrecht (und bekommen lebenslanges Abo, T-Shirt/Hoodie).

Für Einzahlungen in CHF (Betreff: Friedenstaube):

Für Einzahlungen in Euro:

Milosz Matuschek

IBAN DE 53710520500000814137

BYLADEM1TST

Sparkasse Traunstein-Trostberg

Betreff: Friedenstaube

Wenn Sie auf anderem Wege beitragen wollen, schreiben Sie die Friedenstaube an: friedenstaube@pareto.space

---

Sie sind noch nicht auf Nostr and wollen die volle Erfahrung machen (liken, kommentieren etc.)? Zappen können Sie den Autor auch ohne Nostr-Profil! Erstellen Sie sich einen Account auf Start. Weitere Onboarding-Leitfäden gibt es im Pareto-Wiki.

@ 57d1a264:69f1fee1

Past week summary

From a Self Custody for Organizations perspective, after analyzing the existing protocols (Cerberus, 10xSecurityBTCguide and Glacier) and reading a bunch of relates articles and guides, have wrapped to the conclusion that this format it is good to have as reference. However, something else is needed. For example, a summary or a map of the whole process to provide an overview, plus a way to deliver all the information and the multy-process in a more enjoyable way. Not a job for this hackathon, but with the right collaborations I assume it's possible to: - build something that might introduce a bit more quests and gamification - provide a learning environment (with testnet funds) could also be crucial on educating those unfamiliar with bitcoin onchain dynamics.

Have been learning more and playing around practicing best accessibility practices and how it could be applied to a desktop software like Bitcoin Safe. Thanks to @johnjherzog for providing a screen recording of his first experience and @jasonbohio for suggesting the tools to be used. (in this case tested/testing on Windows with the Accessibility Insights app). Some insight shared have been also applied to the website, running a full accessibility check (under WCAG 2.2 ADA, and Section 508 standards) with 4 different plugins and two online tools. I recognize that not all of them works and analyze the same parameters, indeed they complement each other providing a more accurate review.

For Bitcoin Safe interface improvements, many suggestions have been shared with @andreasgriffin , including: - a new iconset, including a micro-set to display the number of confirmed blocs for each transaction - a redesigned History/Dashboard - small refinements like adding missing columns on the tables - allow the user to select which columns to be displayed - sorting of unconfirmed transactions - Defining a new style for design elements like mempool blocks and quick receive boxes You can find below some screenshots with my proposals that hopefully will be included in the next release.

Last achievement this week was to prepare the website https://Safe.BTC.pub, the container where all the outcomes f this experiment will be published. You can have a look, just consider it still WIP. Branding for the project has also been finalized and available in this penpot file https://design.penpot.app/#/workspace?team-id=cec80257-5021-8137-8005-eab60c043dd6&project-id=cec80257-5021-8137-8005-eab60c043dd8&file-id=95aea877-d515-80ac-8006-23a251886db3&page-id=132f519a-39f4-80db-8006-2a41c364a545

What's for next week

After spending most of the time learning and reading material, this coming week will be focused on deliverables. The goal as planned will be to provide: - Finalized Safe₿its brand and improve overall desktop app experience, including categorization of transactions and addresses - An accessibility report or guide for Bitcoin Safe and support to implement best practices - A first draft of the Self-Custody for Organizations guide/framework/protocol, ideally delivered through the website http://Safe.BTC.pub in written format, but also as FlowChart to help have an overview of the whole resources needed and the process itself. This will clearly define preparations and tools/hardwares needed to successfully complete the process.

To learn more about the project, you can visit: Designathon website: https://event.bitcoin.design/#project-recj4SVNLLkuWHpKq Discord channel: https://discord.com/channels/903125802726596648/1369200271632236574 Previous SN posts: https://stacker.news/items/974489/r/DeSign_r and https://stacker.news/items/974488/r/DeSign_r

Stay tuned, more will be happening this coming week

originally posted at https://stacker.news/items/977180

@ f5369849:f34119a0

Hackathon Summary

The AI BUIDL Lab: Use Prompt Engineering to Build Real Web3 Apps on Rootstock recently wrapped up, with registration from 211 developers and the presentation of 22 projects. This hackathon focused on encouraging the development of Web3 applications using AI-driven workflows on Rootstock. Participants engaged in three primary tracks: DeFi and Payments, Commerce and Gig Economy, and Identity and Reputation in Web3. AI was utilized to enhance innovation and speed in the creation of decentralized applications (dApps).

The event yielded notable outcomes such as decentralized finance solutions and AI-enhanced identity management systems, highlighting the integration of AI in Web3. A prize pool of $15,000 USD in RIF Tokens was distributed to top projects, rewarding their creativity and technical execution.

The hackathon underscored AI's potential in streamlining decentralized application development, demonstrating advancements in the Web3 ecosystem. Collaboration with thirdweb, Alchemy, and RootstockLabs supported impactful participation and innovative project outcomes.

Hackathon Winners

DeFi & Payments Prize Winners

• ProtectedPay_Rootstock: A DeFi platform on the CrossFi chain, facilitating secure transfers, group payments, and smart savings via advanced blockchain features.
• AIFi: AI-Powered DeFi Hub on Rootstock: Enhances financial accessibility in Latin America, utilizing AI for remittances, credit scoring, and UI improvements.

Commerce & Gig Economy Prize Winners

• SwipeGig: A decentralized talent marketplace that leverages blockchain and AI to connect freelancers and clients, ensuring secure transactions.
• HireStamp: Uses AI-graded credentials for resume verification, anchoring credibility to Bitcoin's security infrastructure.

Identity & Reputation in Web3 Prize Winners

• AgenticID: Provides self-sovereign identity verification with blockchain and AI, employing zero-knowledge proofs for secure user authentication.
• TrustScan: Analyzes wallet activities on Rootstock using AI to generate reputation and identity scores, enhancing trust.

Bounty Best Use of AI Prompt

• AuditFi_Rootstock: Delivers AI-driven security audits for smart contracts, enhancing transparency and trust through on-chain verification.
• RSK Smart Yield Engine: An AI-powered yield optimizer for DeFi protocols, managing funds and formulating strategies with smart contracts and AI.

For more information on all projects, visit DoraHacks.

Organization

About the Organizer: Rootstock

Rootstock - the Bitcoin DeFi layer - specializes in integrating Bitcoin's robust network with Ethereum's smart contract capabilities, enhancing blockchain interoperability. Known for technical expertise, Rootstock has created a platform supporting decentralized finance applications. The organization is committed to advancing innovation in the blockchain space by expanding the accessibility and functionality of smart contracts within financial services.

@ 0e9491aa:ef2adadf

People forget Bear Stearns failed March 2008 - months of denial followed before the public realized how bad the situation was under the surface.

Similar happening now but much larger scale. They did not fix fundamental issues after 2008 - everything is more fragile.

The Fed preemptively bailed out every bank with their BTFP program and First Republic Bank still failed. The second largest bank failure in history.

There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.

Our President and mainstream financial pundits are currently pretending the banking crisis is over while most banks remain insolvent. There are going to be many more bank failures as this ponzi system unravels.

Unlike 2008, we have the ability to opt out of these broken and corrupt institutions by using bitcoin. Bitcoin held in self custody is unique in its lack of counterparty risk - you do not have to trust a bank or other centralized entity to hold it for you. Bitcoin is also incredibly difficult to change by design since it is not controlled by an individual, company, or government - the supply of dollars will inevitably be inflated to bailout these failing banks but bitcoin supply will remain unchanged. I do not need to convince you that bitcoin provides value - these next few years will convince millions.

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If you found this post helpful support my work with bitcoin.

@ 8d34bd24:414be32b

In our culture today, people like to have “my truth” as opposed to “your truth.” They want to have teachers who tell them what they want to hear and worship in the way they desire. The Bible predicted these times.

For the time will come when people will not put up with sound doctrine. Instead, to suit their own desires, they will gather around them a great number of teachers to say what their itching ears want to hear. (2 Timothy 4:3)

My question is, “do we get to choose what we want to believe about God and how we want to worship Him, or does God tell us what we are to believe and how we are to worship Him?”

The Bible makes it clear that He is who He says He is and He expects obedience and worship according to His commands. We do not get to decide for ourselves.

The woman said to Him, “Sir, I perceive that You are a prophet. Our fathers worshiped in this mountain, and you people say that in Jerusalem is the place where men ought to worship.” Jesus said to her, “Woman, believe Me, an hour is coming when neither in this mountain nor in Jerusalem will you worship the Father. You worship what you do not know; we worship what we know, for salvation is from the Jews. But an hour is coming, and now is, when the true worshipers will worship the Father in spirit and truth; for such people the Father seeks to be His worshipers. God is spirit, and those who worship Him must worship in spirit and truth.” (John 4:19-24) {emphasis mine}

In this passage, Jesus gently corrects the woman for worshipping what she does not know. He also says, “God is spirit, and those who worship Him must worship in spirit and truth.” He states what God is (spirit) and how He must be worshipped “in spirit and truth.” We don’t get to define God however we wish, and we don’t get to worship Him any way we wish. God is who He has revealed Himself to be and we must obey Him and worship Him the way He has commanded.

In this next passage, God makes clear that He is holy and we do not get to worship Him any way we wish. We are to interact with Him in the prescribed manner.

Now Nadab and Abihu, the sons of Aaron, took their respective firepans, and after putting fire in them, placed incense on it and offered strange fire before the Lord, which He had not commanded them. And fire came out from the presence of the Lord and consumed them, and they died before the Lord. Then Moses said to Aaron, “It is what the Lord spoke, saying,

‘By those who come near Me I will be treated as holy,\ And before all the people I will be honored.’ ”

So Aaron, therefore, kept silent. (Leviticus 10:1-3) {emphasis mine}

God had prescribed a particular way to approach Him and only those whom He had chosen (priests of the lineage of Aaron). Nadab and Abihu chose to “do it their way” and paid the price for ignoring God’s command. God set an example with them.

God has been gracious enough to reveal Himself, His character, His power, and His commands to us. If we have truly submitted ourselves to His rule, we should hunger for God’s words so we can know Him better and honor Him in obedience.

But now I come to You; and these things I speak in the world so that they may have My joy made full in themselves. I have given them Your word; and the world has hated them, because they are not of the world, even as I am not of the world. I do not ask You to take them out of the world, but to keep them from the evil one. They are not of the world, even as I am not of the world. Sanctify them in the truth; Your word is truth. (John 17:13-17) {emphasis mine}

In today’s culture, everybody likes to claim their own personal truth, but that isn’t how truth works. The truth is not determined by an individual for themselves. It isn’t even determined by a consensus or majority vote. The truth is the truth even if not one person on earth believes it. God speaks truth and God is truth. Our belief or lack thereof doesn’t change the truth, but our lack of belief in the truth, especially the truth as revealed by God in His word, can negatively affect our relationship with God.

God expects us to study His word so we can obey His commands.

For I did not speak to your fathers, or command them in the day that I brought them out of the land of Egypt, concerning burnt offerings and sacrifices. But this is what I commanded them, saying, ‘Obey My voice, and I will be your God, and you will be My people; and you will walk in all the way which I command you, that it may be well with you.’ Yet they did not obey or incline their ear, but walked in their own counsels and in the stubbornness of their evil heart, and went backward and not forward. Since the day that your fathers came out of the land of Egypt until this day, I have sent you all My servants the prophets, daily rising early and sending them. Yet they did not listen to Me or incline their ear, but stiffened their neck; they did more evil than their fathers. (Jeremiah 7:22-26) {emphasis mine}

Today you rarely see someone bowing down to a golden idol, but that doesn’t mean that we are any better at obeying God’s commands or submitting to His will. We still try to make God in our own image so He is a convenience to us and how we want to live our lives. We still put other things ahead of God — family, work, entertainment, fame, etc. Most of us aren’t any more faithful to God than the Israelites were. Just like the Israelites, we put on the trappings of faith but don’t live according to faith and faithfulness.

And He said to them, “Rightly did Isaiah prophesy of you hypocrites, as it is written:

‘This people honors Me with their lips,\ But their heart is far away from Me.\ **But in vain do they worship Me,\ Teaching as doctrines the precepts of men.’\ Neglecting the commandment of God, you hold to the tradition of men.”

He was also saying to them, “You are experts at setting aside the commandment of God in order to keep your tradition. (Mark 7:6-9) {emphasis mine}

How many “churches” and “Christian” leaders teach people according to the culture instead of according to the Word of God? How many tell people what they want to hear and what makes them feel good instead of what they need to hear — the truth as spoken through the Bible? How many church attenders follow a “Christian” leader more than they follow their Creator, Savior, and God? How many church attenders can recite the words of their leaders better than the Holy Scriptures?

I solemnly charge you in the presence of God and of Christ Jesus, who is to judge the living and the dead, and by His appearing and His kingdom: preach the word; be ready in season and out of season; reprove, rebuke, exhort, with great patience and instruction. For the time will come when they will not endure sound doctrine; but wanting to have their ears tickled, they will accumulate for themselves teachers in accordance to their own desires, and will turn away their ears from the truth and will turn aside to myths. But you, be sober in all things, endure hardship, do the work of an evangelist, fulfill your ministry. (2 Timothy 4:1-5) {emphasis mine}

How can we know if a church leader is rightly preaching God’s word? We can only know if we have read the Bible and studied it. We should be like the Bereans:

Now these were more noble-minded than those in Thessalonica, for they received the word with great eagerness, examining the Scriptures daily to see whether these things were so. (Acts 17:11)

Honestly, I don’t trust any spiritual leader who doesn’t encourage me to search the Scriptures to see whether their words are true. Any leader who puts their own word above the Scriptures is a false teacher. Sadly there are many, maybe more than faithful teachers. Some false teachers are intentionally so, but many have been misled by other false teachers. Their guilt is less, but they don’t do any less harm than those who intentionally mislead.

We need to seek trustworthy teachers who speak according to the Word of God, who quote the Bible to support their opinions, and who seek the good of their followers rather than the submission of their followers.

Do not harden your hearts, as at Meribah,\ As in the day of Massah in the wilderness,

“When your fathers tested Me,\ They tried Me, though they had seen My work.\ For forty years I loathed that generation,\ And said they are a people who err in their heart,\ And they do not know My ways.\ Therefore I swore in My anger,\ Truly they shall not enter into My rest.” (Psalm 95:8-11) {emphasis mine} *Teach me good discernment and knowledge,\ For I believe in Your commandments*.\ Before I was afflicted I went astray,\ But now I keep Your word.\ You are good and do good;\ Teach me Your statutes.\ The arrogant have forged a lie against me;\ *With all my heart I will observe Your precepts*.\ Their heart is covered with fat,\ But I delight in Your law.\ It is good for me that I was afflicted,\ That I may learn Your statutes.\ The law of Your mouth is better to me\ Than thousands of gold and silver pieces. (Psalm 119:66-72) {emphasis mine}

May our Creator God teach us the truth. May He fill our hearts with the desire to be in His word daily and to seek His will. May He do what is necessary to get our attention and turn our hearts and minds fully to Him, so we can learn His statutes and serve Him faithfully, so one day we are blessed to hear, “Well done! Good and faithful servant.”

Trust Jesus.

FYI, I see lack of knowledge of truth and God’s word as one of the biggest problems in the church today; however, it is possible to know the Bible in depth, but not know God. As important as knowledge of Scriptures is, this knowledge (without faith, submission, obedience, and love) is meaningless. Knowledge doesn’t get us to heaven. Even obedience doesn’t get us to heaven. Only faith and submission to our creator God leads to salvation and heaven. That being said, we can’t faithfully serve our God without knowledge of Him and His commands. Out of gratefulness for who He is and what He has done for us, we should seek to know and please Him.