@ a396e36e:ec991f1c

👤 Generation X: Between Invisibility and Structural Disillusionment\ Generation X, born between 1965 and 1980, has been largely sidelined in generational discourse. Unlike the baby boomers —symbols of stability and prosperity— or millennials and Gen Z —constant fixtures in the media and cultural spotlight— Gen X has been the least mentioned, the least studied, and often not even recognized by its own members as a distinct generation.

Today, they are in midlife —a period that, according to the "U-shaped curve of happiness" theory, is one of the most emotionally and psychologically difficult stages: deteriorating health, professional stagnation, and the dual burden of caring for both parents and children. But their condition is not just a matter of age —it's the result of specific economic and political history.

Structurally, Generation X reached its critical stage of financial consolidation during the global economic crisis of 2008 —a moment that halted income growth and severely limited access to housing, investment opportunities, and saving capacity. Compared to other generations, their economic mobility was minimal, marked by wage stagnation and unstable labor conditions. Even in terms of wealth accumulation and home ownership, many Gen Xers show weaker indicators than early-born millennials at the same stage of adulthood.

At the same time, many countries —especially in Latin America and parts of Europe— experienced the rise of alternative models to free-market systems: socialist proposals promising redistribution, social justice, and equality. In practice, however, these models led to state dependency, excessive intervention, economic rigidity, and a loss of productive dynamism. The consequences were clear: rising poverty, institutional decay, inflation, plummeting investment, increasing corruption within state structures, and a severe weakening of the productive apparatus.

For a generation raised on the values of individual effort, self-reliance, and social mobility, this ideological shift resulted in a double disillusionment —first with a free-market system that never delivered the promised rewards, and then with a redistributive model that failed to solve structural problems and, in many cases, made them worse.

While younger generations now embrace proposals like universal basic income, nationalization, or permanent subsidies as fresh solutions, many in Gen X see them not as innovation, but as a repetition of mistakes already lived: economic stagnation, institutional fragility, sustained poverty, and expanding clientelist networks.

The story of Generation X is marked by having been the turning point between two collapsed models: a liberalism that never fulfilled its promises and a socialism that imposed dependency, corruption, and systematic impoverishment.

@ 005bc4de:ef11e1a2

Two days ago I put this out: https://peakd.com/hive-124838/@crrdlx/hostr-snaps-9i13ooa7ufp

Post: https://peakd.com/hive-124838/@crrdlx/hostr-snaps-9i13ooa7ufp

One of the comments said it "...looks like some sort of game as well." That was enough to tickle my curiosity and get me thinking. The round tomatoes and how they nestled into the grooves of the tiles reminded me of Chinese checkers. The grid brought Hex to mind (the game John Nash played) and I wondered if a square-grid version might be viable. A little searching revealed Hex is a "Connection game" and there are several. The one called Tak seemed really interesting and simple. I like interesting and I really like simple.

So, a square grid connection game wouldn't be new, however, you can't play Tak with tomatoes. Tak requires stacking "stones" or standing them on edge, that would be very, very tricky with tomatoes.

I looked around and happened to have some dried corn kernels and dry beans. I drew out a 5 x 5 grid of dots, lined up five corn kernels on one side in a "home row" and 5 beans on the other. We used to play a game where two sides of Army men met after a series of moves. In that game, we rolled dice to have a "combat" and see who would win the little battle. I wanted something like that in my game, some type of combat or conquest, somehow. So, I started messing around, moving kernels and beans, and totally just set out to make this game up on the fly. This is what I got...

Rules

The objective, like Hex or Tak, is to connect one side (your home row) to your opponent's side. The connection to the other side can be a straight line, or it CAN include a diagonal road. Any of the roads below would be a win for team bean (B).

• One side makes a move by sliding one corn/bean one spot forward.
• Then, take turns making moves.
• Movement can only be one spot forward/back or sideways (NSEW). You cannot move diagonally.
• Opponents CAN occupy, or "squat", on the same spot at once. If so, the spot is being "co-squatted" (they're like two people standing in the same sidewalk tile at the same time).
• However, while opponents occupy the same spot, a "combat" might ensue. A corn/bean can "attack" by moving yet another adjoining corn or bean onto the co-squatted spot. A conquest is made by outnumbering a spot 2-to-1. For instance, if a spot is being occupied by both a bean and corn, and then a second corn moves in, the two corns conquer the one bean. The bean is immediately removed. The bean player then places that conquered bean into any empty spot on his or her home row. That placement constitutes the bean player's turn. So, after the bean is placed on the home row, the corn player makes the next move.
• Play continues until someone completes a road from their home row across to their opponent's home row. (Again, a diagonal road is okay for the win.)
• The losing player got Succotashed.

Game name

As to the name, initially I wanted a tomato-ish name. But, I was using corn and beans. So, I'm naming this game "Succotash" after the corn, bean, and vegetable recipe. I considered calling it the "Texas Caviar Game" because it has tomatoes in it, but playing Succotash just sounds better. Plus, putting tomatoes in succotash sounds yummy.

Simple

A big goal here was to keep it simple. To that end, all that's needed is (a) a paper with a 5 x 5 grid drawn on it, and, (b) 5 pieces of something and 5 pieces of something else. Obviously I used corn kernels and beans, but it could easily be shells/legos, pennies/paperclips, nuts/stones, or whatever.

Initially, I had a "storehouse" of extra corn kernels and storehouse of extra beans (seen in the images). My thinking was that they would replace the corn or beans that get conquered by opponents. Upon playing the game, it was apparent that a storehouse is totally unnecessary. Once captured, the same corn/bean can just be the one that's placed back onto the home row. Five of each is fine.

Also, I'm sure the grid could easily be expanded to whatever size you wish. I played an opponent with the 5 x 5 grid, and that seemed a good size for a five minute or so game.

Why not sit down face-to-face with someone for a minute and give Succotash a try? If you do, I'd love to hear how it went.

@ 7f6db517:a4931eda

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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@ 7f6db517:a4931eda

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.

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

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@ 7f6db517:a4931eda

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

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@ 99e7936f:d5d2197c

“Dieser Beitrag wurde mit dem Pareto-Client geschrieben.”

Wo bleibt die Rettung?

Wenn man bei einem Notfall auf den Rettungswagen wartet, dann fühlen sich Minuten wie Stunden an. Die Nerven sind bis zum Anschlag gespannt, alle Sinne sind geschärft.

Die Natur hat das so eingerichtet, damit man aufmerksam und  gut geschützt ist vor weiteren Verletzungen.

Bei Trauma ist das auch so, nur dass dieser Zustand gefühlt ein halbes Leben andauert. Das klingt brutal, ist aber in etwa so. Da ein menschlicher Körper das nicht gut aushalten kann, sendet er dem Gehirn die Information: “ Bitte mach etwas zur Entlastung, ich kann mit dem Dauerstress nicht gut umgehen. Ich habe ständig das Gefühl, dass etwas Schlimmes passiert und ich mich verteidigen muss.“ Das Gehirn überlegt sich dann eine Lösung, um auch selber endlich wieder Ruhe zu haben. In der Regel wird der traumatische Inhalt verdrängt, vergessen, abgewandelt, abgeschwächt oder als Schwarz-Weiß-Film wieder gegeben, also ohne Gefühl (re)präsentiert. Man kann dann von den traumatischen Erlebnissen erzählen, ohne ein einziges Gefühl zu haben. Das wirkt souverän, als habe man das Trauma verarbeitet, das Gegenteil ist der Fall. Manche Menschen reden sogar über Gefühle, empfinden diese aber nicht. Gefühle werden imitiert oder inszeniert. Wenn man selber fühlen kann, spürt man diesen feinen Unterschied als Zuhörer sofort. Jedenfalls ist alles das Traumafolge bzw. die Lösung, die uns das Gehirn nach Trauma anbietet. Entweder ist der ganze Inhalt samt Emotion weg, oder der Inhalt ist noch da, aber die Emotion dazu fehlt. Es gibt Menschen, die so tief traumatisiert sind, dass sie eine ganz andere Geschichte von sich selbst erzählen, als die, die eigentlich stattgefunden hat. Ich weiß, dass das gruselig klingt. Aber das ist eine Realität. Und es ist vermutlich gut so. Die Natur macht alles, um ein Menschenleben zu retten, und wenn es um den Preis des psychologischen Vergessens ist. Manche Erinnerungen sind offensichtlich nicht mit dem Leben vereinbar, deswegen werden sie für immer abgespalten. Mittlerweile habe ich persönlich viel Respekt vor Menschen, die sich an nichts mehr „erinnern“ können, da ich gelernt habe, dass sie am schlimmsten traumatisiert sind. Diese Einstellung hatte ich nicht immer.

Jedenfalls verhält es sich nach meiner Beobachtung und auch nach meinen eigenen Erfahrungen so, dass man sich ganz oft erst dann vollständig UND in Farbe an traumatische Erlebnisse erinnert, wenn die Zeit dafür reif ist. Man könnte auch sagen, wenn die Seele bereit ist, die verlorenen Seelenanteile wieder zuzulassen. Sie sind nie weg, denn eine unsichtbare Schnur verbindet uns immer mit dem, was passiert ist. Also, wenn dieser Moment, in dem Du Deine Seelenanteile wieder begrüßen darfst, kommt, dann ist das wie ein riesiges Geschenk, auch wenn sich das zu Beginn nicht so anfühlt. Es fühlt sich dann eher so an, wie wenn man auf den Rettungswagen wartet, aber es ist definitiv ein Geschenk, genau wie eine Geburt ein Geschenk ist. Und eine Geburt ist ja auch nicht immer leicht.

Also, je mehr Gefühl beim Erinnern von traumatischen Inhalten spürbar ist, desto besser kann  Traumabearbeitung gelingen. (Heiße den Schmerz willkommen, wenn er in Dein Leben kommt.) Ich persönlich hatte lange Wehen, bevor mein Trauma dann schlagartig aktiviert wurde. Das war, bildlich gesprochen, eine Hausgeburt, die ich allein vollbracht habe, weil der Rettungswagen dermaßen Verspätung hatte. Aber das Kind hat sich dennoch gut entwickelt. Ich habe zuvor lange von meinem Trauma „nur“ geredet. Ich habe rationalisiert, wie man in der Fachsprache sagt. Mir war meine frühe Verletzung bewusst, aber ich hatte kein Gefühl zu dem, was ich erlebt hatte. Als das Gefühl da war, verstand ich, dass es sinnvoll war, es solange nicht gefühlt haben zu können, denn es war ein überwältigender Schmerz. Die Natur macht instinktiv ein gutes Timing für die Wiederkehr des Gefühls. Sie sucht sich eine Zeit im Leben aus, wo man einen guten Stand hat, stabil ist, eine Umgebung hat, die einen zumindest für eine Weile halten und auffangen kann. Denn die Natur möchte schließlich, dass man auch die Wiederkehr des Gefühls überlebt.

Genauso schmerzhaft wie der Verlust des Gefühls war, genauso schmerzhaft ist seine Wiederkehr.

Der Schmerz ist quasi der Erste und der Letzte. Er macht das Licht aus, und später macht er das Licht oder den Farbfilm wieder an. Der Schmerz ist viel besser als sein Ruf.

Ich erzähle hier lediglich meine Erfahrungen und Beobachtungen, auch wenn ich allgemein formuliere. Das kann sich bei anderen Menschen auch anders verhalten. Aber ich finde den Erfahrungsaustausch über dieses Thema wichtig, WEIL es unterschiedlich sein kann und jeder auf einem anderen Level von Traumabearbeitung steht. Ein Problem bei Traumabearbeitung ist, dass jeder ein anderes Trauma erlebt hat, dass jeder einen anderen Nährboden hatte, auf den das Trauma fiel, und dass es verschiedene Stadien gibt, bis es dann endlich und hoffentlich soweit ist, dass das Trauma wieder vollständig in die eigene Psyche integriert werden kann und man wieder „ganz“ bzw. „neu und etwas anders“ ist. Und meine Erfahrung ist, dass man auf das Tempo dieses Prozesses leider keinen Einfluss hat, auch wenn es hierzu, wie ich finde, viele falsche Verkehrsdurchsagen gibt. Die Natur ist da verschlossen wie eine Auster, sie lässt sich nicht ins Handwerk pfuschen. Als ich das verstand, hat sich mein Wunsch, Menschen zu helfen, schlagartig verändert. Ich verstand, dass ICH das nicht machen kann, dass die Natur das selber macht. Und das ist eine gute Nachricht, denn die Natur kann das am besten und ist ein super zuverlässiger Partner.

Wir brauchen keinen Rettungswagen. Der Schmerz ist die Rettung.

Das Thema „Trauma“ birgt so viel positiven Erkenntnisgewinn über das Wunder des Lebens.

Aber zurück zum Thema. Wenn man, so wie ich, ein halbes Leben in einem Schwarz-Weiß-Film verbracht hat, dann die Hausgeburt ohne Rettungswagen durchgestanden hat und das Kind irgendwann anfängt, neugierige Fragen zu stellen, dann ist man im Zugzwang. In dieser Situation bin ich heute. Deswegen schreibe ich. Mein neues ICH fragt mich immer öfter, warum ich so viele Dinge tue, die ich eigentlich gar nicht mehr tun will. Kinder fragen einen auch manchmal ganz unverblümt, ob man den Hansi denn lieb hat oder ob man gerne im Büro arbeitet. Wenn man den Hansi nicht lieb hat und nicht gerne im Büro arbeitet, dann muss man schlucken und eine kindgerechte Antwort formulieren. Genauso wenig wie Kinder als kompetenter 20-jähriger auf die Welt kommen, genau so wenig ist man nach geglückter Traumabearbeitung „geheilt“. Es wird nichts schlagartig besser. Das ist auch so eine falsche Verkehrsdurchsage. Man lebt ja noch im alten Leben, was nun Schritt für Schritt verändert werden darf. ABER man ist glückliche Mutter. Mutter sein, ist nicht immer leicht, habe ich mir sagen lassen. Mütter lieben ihre Kinder. Im Idealfall machen sie sich keine Gedanken darüber, was aus ihrem Kind mal werden soll. Sie vertrauen einfach darauf, DASS aus ihrem Kind ein glücklicher Mensch wird und buttern deshalb so viel Liebe in das Kind hinein, wie in den wenigen Jahren, die das Kind ein Kind ist, möglich ist. So ähnlich geht es mir heute auch. Ich bin stolz auf mein neues ICH und lobe es, so oft ich kann. Jede Mutter lobt ihre Butter. Das ist wichtig, denn das Leben bietet ständig Herausforderungen, an denen man bekanntlich wachsen darf. Ich gehe jeden Tag mit meinem „Kind“ spazieren, und wir sehen viel. Wir sehen andere Menschen mit Trauma, wir hören zu, welches Trauma der andere erlebt hat und auf welchem Level er ist. Wir hören das Gefühl heraus, welches mitschwingt. Wir sehen Menschen in ihrem Schwarz-Weiß-Film. Und wir sehen Menschen, die scheinbar mit jeder Situation souverän umgehen können. Am meisten interessieren „uns“ zur Zeit solche Menschen, die ehrlich zugeben, dass sie Wehen haben, dass der Schmerz sich in immer kürzeren Abständen meldet. (Die verlorenen Seelenanteile ziehen an der unsichtbaren Schnur.) Mit diesen Leuten kann ich im Moment am besten. Das hört sich komisch an. Aber ich will damit zum Ausdruck bringen, dass ich mit diesen Menschen mittlerweile am meisten resoniere. Sie sprechen meine Sprache. Sie empfinden Gefühle, und sprechen über diese. Das ist für mich die schönste Sprache.

Wer in diesen Tagen wahrhaftig Schmerz empfindet, und nicht nur als Lippenbekenntnis, sondern echten üblen Schmerz über die enttäuschte Liebe oder über die Verhältnisse in dieser Welt, der ist mir sympathisch, der ist mir nah. Denn ich weiß, dass so ein fühlender Mensch auch bald eine Niederkunft erleben wird, die ihn verändert, die ihn anders auf diese Welt schauen lässt.

Der Schmerz bringt uns die Verwandlung. Der Schmerz bringt die verlorenen Seelenanteile zurück. Der Schmerz ist der Hüter des Lebens. Der Schmerz bringt Dir Deine volle Sensibilität für andere Menschen zurück. Alles, was Du bei Dir nicht fühlen kannst, kannst Du bei anderen nicht fühlen. Der Schmerz beendet das. Er macht das Licht an und gibt dem Film wieder Farbe.

Heiße den Schmerz willkommen, wenn er in Dein Leben kommt. Tu das, nicht etwa weil Du gern leidest, nein tu das, weil Du Dich liebst, weil Du bewusst darauf achten möchtest, was Dir wirklich gut tut und Freude macht. Ein Mensch oder ein Job, der Dir Schmerz bereitet, den gilt es loszulassen. Und wenn Du Schmerz im Gesicht Deines Gegenübers siehst, dann frage Dich ehrlich, was Dein Anteil daran ist, dass der andere leidet. Wir sind nicht für jedes Leid auf dieser Welt verantwortlich, das möchte ich hier auch betonen. Und die Schuld-Nummer zieht bei mir schon lange nicht mehr. Aber ich nehme immer besser wahr, wenn mein eigenes  Verhalten nicht angemessen, nicht authentisch ist, von überholten Glaubensmustern geprägt ist. Ich kann das erkennen und korrigieren. Ich kann das heute selber erkennen, weil der Schmerz mich das gelehrt hat, mich geöffnet hat. Der Schmerz lehrt uns ganz viel. Der Schmerz ist der Hüter des Lebens. Er trifft einen hart, macht aber weich.

Heiße den Schmerz willkommen, denn er ist die Rettung.   

“Dieser Beitrag wurde mit dem Pareto-Client geschrieben.”

Onboarding bei Nostr:   Nostr

Easy onboarding via **Start.**\ \ Das Pareto-Team baut den “Marktplatz der Ideen” und hat dabei schon viel erreicht. \ team@pareto.space \ https://pareto.space \ https://geyser.fund/project/pareto?hero=1c1b8e487090

\ \ Newsletter per Mail (Die Friedenstaube)\ hier abonnieren\ \ In Telegram lesen -> hier unsere Kanäle\ https://t.me/pareto_artikel \ https://t.me/friedenstaube_artikel \ \ Als Feed in einem Feed-Reader \ https://pareto.space/atom/feed.xml \ https://pareto.space/atom/de_feed.xml \ https://pareto.space/atom/en_feed.xml

@ 7f6db517:a4931eda

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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@ 7f6db517:a4931eda

@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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@ 7f6db517:a4931eda

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"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

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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.

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@ b7274d28:c99628cb

In this second installment of The Android Elite Setup tutorial series, we will cover installing the nostr:npub10r8xl2njyepcw2zwv3a6dyufj4e4ajx86hz6v4ehu4gnpupxxp7stjt2p8 on your #Android device and browsing for apps you may be interested in trying out.

Since the #Zapstore is a direct competitor to the Google Play Store, you're not going to be able to find and install it from there like you may be used to with other apps. Instead, you will need to install it directly from the developer's GitHub page. This is not a complicated process, but it is outside the normal flow of searching on the Play Store, tapping install, and you're done.

Installation

From any web browser on your Android phone, navigate to the Zapstore GitHub Releases page and the most recent version will be listed at the top of the page. The .apk file for you to download and install will be listed in the "Assets."

Tap the .apk to download it, and you should get a notification when the download has completed, with a prompt to open the file.

You will likely be presented with a prompt warning you that your phone currently isn't allowed to install applications from "unknown sources." Anywhere other than the Play Store is considered an "unknown source" by default. However, you can manually allow installation from unknown sources in the settings, which the prompt gives you the option to do.

In the settings page that opens, toggle it to allow installation from this source, and you should be prompted to install the application. If you aren't, simply go to your web browser's downloads and tap on the .apk file again, or go into your file browser app and you should find the .apk in your Downloads folder.

If the application doesn't open automatically after install, you will find it in your app drawer.

Home Page

Right at the top of the home page in the Zapstore is the search bar. You can use it to find a specific app you know is available in the Zapstore.

There are quite a lot of open source apps available, and more being added all the time. Most are added by the Zapstore developer, nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9, but some are added by the app developers themselves, especially Nostr apps. All of the applications we will be installing through the Zapstore have been added by their developers and are cryptographically signed, so you know that what you download is what the developer actually released.

The next section is for app discovery. There are curated app collections to peruse for ideas about what you may want to install. As you can see, all of the other apps we will be installing are listed in nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9's "Nostr" collection.

In future releases of the Zapstore, users will be able to create their own app collections.

The last section of the home page is a chronological list of the latest releases. This includes both new apps added to the Zapstore and recently updated apps. The list of recent releases on its own can be a great resource for discovering apps you may not have heard of before.

Installed Apps

The next page of the app, accessed by the icon in the bottom-center of the screen that looks like a clock with an arrow circling it, shows all apps you have installed that are available in the Zapstore. It's also where you will find apps you have previously installed that are ready to be updated. This page is pretty sparse on my test profile, since I only have the Zapstore itself installed, so here is a look at it on my main profile:

The "Disabled Apps" at the top are usually applications that were installed via the Play Store or some other means, but are also available in the Zapstore. You may be surprised to see that some of the apps you already have installed on your device are also available on the Zapstore. However, to manage their updates though the Zapstore, you would need to uninstall the app and reinstall it from the Zapstore instead. I only recommend doing this for applications that are added to the Zapstore by their developers, or you may encounter a significant delay between a new update being released for the app and when that update is available on the Zapstore.

Tap on one of your apps in the list to see whether the app is added by the developer, or by the Zapstore. This takes you to the application's page, and you may see a warning at the top if the app was not installed through the Zapstore.

Scroll down the page a bit and you will see who signed the release that is available on the Zapstore.

In the case of Primal, even though the developer is on Nostr, they are not signing their own releases to the Zapstore yet. This means there will likely be a delay between Primal releasing an update and that update being available on the Zapstore.

Settings

The last page of the app is the settings page, found by tapping the cog at the bottom right.

Here you can send the Zapstore developer feedback directly (if you are logged in), connect a Lightning wallet using Nostr Wallet Connect, delete your local cache, and view some system information.

We will be adding a connection to our nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch wallet in part 5 of this tutorial series.

For the time being, we are all set with the Zapstore and ready for the next stage of our journey.

Continue to Part 3: Amber Signer. Nostr link: nostr:naddr1qqxnzde5xuengdeexcmnvv3eqgstwf6d9r37nqalwgxmfd9p9gclt3l0yc3jp5zuyhkfqjy6extz3jcrqsqqqa28qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qg6waehxw309aex2mrp0yhxyunfva58gcn0d36zumn9wss80nug

@ 7f6db517:a4931eda

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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@ 7f6db517:a4931eda

Bank run on every crypto bank then bank run on every "real" bank.

— ODELL (@ODELL) December 14, 2022

Good morning.

It looks like PacWest will fail today. It will be both the fifth largest bank failure in US history and the sixth major bank to fail this year. It will likely get purchased by one of the big four banks in a government orchestrated sale.  

March 8th - Silvergate Bank
March 10th - Silicon Valley Bank
March 12th - Signature Bank
March 19th - Credit Suisse
May 1st - First Republic Bank
May 4th - PacWest Bank?

PacWest is the first of many small regional banks that will go under this year. Most will get bought by the big four in gov orchestrated sales. This has been the playbook since 2008. Follow the incentives. Massive consolidation across the banking industry. PacWest gonna be a drop in the bucket compared to what comes next.

First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency network. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.

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@ 7f6db517:a4931eda

There must be a limit to how much data is transferred across the bitcoin network in order to keep the ability to run and use your own node accessible. A node is required to interact with the global bitcoin network - if you do not use your own node then you must trust someone else's node. If nodes become inaccessible to run then the network will centralize around the remaining entities that operate them - threatening the censorship resistance at the core of bitcoin's value prop. The bitcoin protocol uses three main mechanisms to keep node operation costs low - a fixed limit on the amount of data in each block, an automatic difficulty adjustment that regulates how many blocks are produced based on current mining hash rate, and a robust dynamic transaction fee market.

Bitcoin transaction fees limit network abuse by making usage expensive. There is a cost to every transaction, set by a dynamic free market based on demand for scarce block space. It is an incredibly robust way to prevent spam without relying on centralized entities that can be corrupted or pressured.

After the 2017 bitcoin fee spike we had six years of relative quiet to build tools that would be robust in a sustained high fee market. Fortunately our tools are significantly better now but many still need improvement. Most of the pain points we see today will be mitigated.

The reality is we were never going to be fully prepared - pressure is needed to show the pain points and provide strong incentives to mitigate them.

It will be incredibly interesting to watch how projects adapt under pressure. Optimistic we see great innovation here.

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_If you are willing to wait for your transaction to confirm you can pay significantly lower fees. Learn best practices for reducing your fee burden here.

My guide for running and using your own bitcoin node can be found here._

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

@ 7f6db517:a4931eda

I often hear "bitcoin doesn't interest me, I'm not a finance person."

Ironically, the beauty of sound money is you don't have to be. In the current system you're expected to manage a diversified investment portfolio or pay someone to do it. Bitcoin will make that optional.

— ODELL (@ODELL) September 16, 2018

At first glance bitcoin often appears overwhelming to newcomers. It is incredibly easy to get bogged down in the details of how it works or different ways to use it. Enthusiasts, such as myself, often enjoy going down the deep rabbit hole of the potential of bitcoin, possible pitfalls and theoretical scenarios, power user techniques, and the developer ecosystem. If your first touch point with bitcoin is that type of content then it is only natural to be overwhelmed. While it is important that we have a thriving community of bitcoiners dedicated to these complicated tasks - the true beauty of bitcoin lies in its simplicity. Bitcoin is simply better money. It is the best money we have ever had.

Life is complicated. Life is hard. Life is full of responsibility and surprises. Bitcoin allows us to focus on our lives while relying on a money that is simple. A money that is not controlled by any individual, company, or government. A money that cannot be easily seized or blocked. A money that cannot be devalued at will by a handful of corrupt bureaucrat who live hundreds of miles from us. A money that can be easily saved and should increase in purchasing power over time without having to learn how to "build a diversified stock portfolio" or hire someone to do it for us.

Bitcoin enables all of us to focus on our lives - our friends and family - doing what we love with the short time we have on this earth. Time is scarce. Life is complicated. Bitcoin is the most simple aspect of our complicated lives. If we spend our scarce time working then we should be able to easily save that accrued value for future generations without watching the news or understanding complicated financial markets. Bitcoin makes this possible for anyone.

Yesterday was Mother's Day. Raising a human is complicated. It is hard, it requires immense personal responsibility, it requires critical thinking, but mothers figure it out, because it is worth it. Using and saving bitcoin is simple -  simply install an app on your phone. Every mother can do it. Every person can do it.

Life is complicated. Life is beautiful. Bitcoin is simple.

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@ 7f6db517:a4931eda

Will not live in a pod.
Will not eat the bugs.
Will not get the chip.
Will not get a blue check.
Will not use CBDCs.

Live Free or Die.

Why did Elon buy twitter for $44 Billion? What value does he see in it besides the greater influence that undoubtedly comes with controlling one of the largest social platforms in the world? We do not need to speculate - he made his intentions incredibly clear in his first meeting with twitter employees after his takeover - WeChat of the West.

To those that do not appreciate freedom, the value prop is clear - WeChat is incredibly powerful and successful in China.

To those that do appreciate freedom, the concern is clear - WeChat has essentially become required to live in China, has surveillance and censorship integrated at its core, and if you are banned from the app your entire livelihood is at risk. Employment, housing, payments, travel, communication, and more become extremely difficult if WeChat censors determine you have acted out of line.

The blue check is the first step in Elon's plan to bring the chinese social credit score system to the west. Users who verify their identity are rewarded with more reach and better tools than those that do not. Verified users are the main product of Elon's twitter - an extensive database of individuals and complete control of the tools he will slowly get them to rely on - it is easier to monetize cattle than free men.

If you cannot resist the temptation of the blue check in its current form you have already lost - what comes next will be much darker. If you realize the need to resist - freedom tech provides us options.

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

@ 7f6db517:a4931eda

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.

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If you missed my nostr introduction post you can find it here. My nostr account can be found here.

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We are nearly at the point that if something interesting is posted on a centralized social platform it will usually be posted by someone to nostr.

We are nearly at the point that if something interesting is posted exclusively to nostr it is cross posted by someone to various centralized social platforms.

We are nearly at the point that you can recommend a cross platform app that users can install and easily onboard without additional guides or resources.

As companies continue to build walls around their centralized platforms nostr posts will be the easiest to cross reference and verify - as companies continue to censor their users nostr is the best censorship resistant alternative - gradually then suddenly nostr will become the standard. 🫡

Current Nostr Stats

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@ 7f6db517:a4931eda

Influencers would have you believe there is an ongoing binance bank run but bitcoin wallet data says otherwise.

- binance wallets are near all time highs
- bitfinex wallets are also trending up
- gemini and coinbase are being hit with massive withdrawals though

You should not trust custodians, they can rug you without warning. It is incredibly important you learn how to hold bitcoin yourself, but also consider not blindly trusting influencers with a ref link to shill you.

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@ 7f6db517:a4931eda

For years American bitcoin miners have argued for more efficient and free energy markets. It benefits everyone if our energy infrastructure is as efficient and robust as possible. Unfortunately, broken incentives have led to increased regulation throughout the sector, incentivizing less efficient energy sources such as solar and wind at the detriment of more efficient alternatives.

The result has been less reliable energy infrastructure for all Americans and increased energy costs across the board. This naturally has a direct impact on bitcoin miners: increased energy costs make them less competitive globally.

Bitcoin mining represents a global energy market that does not require permission to participate. Anyone can plug a mining computer into power and internet to get paid the current dynamic market price for their work in bitcoin. Using cellphone or satellite internet, these mines can be located anywhere in the world, sourcing the cheapest power available.

Absent of regulation, bitcoin mining naturally incentivizes the build out of highly efficient and robust energy infrastructure. Unfortunately that world does not exist and burdensome regulations remain the biggest threat for US based mining businesses. Jurisdictional arbitrage gives miners the option of moving to a friendlier country but that naturally comes with its own costs.

Enter AI. With the rapid development and release of AI tools comes the requirement of running massive datacenters for their models. Major tech companies are scrambling to secure machines, rack space, and cheap energy to run full suites of AI enabled tools and services. The most valuable and powerful tech companies in America have stumbled into an accidental alliance with bitcoin miners: THE NEED FOR CHEAP AND RELIABLE ENERGY.

Our government is corrupt. Money talks. These companies will push for energy freedom and it will greatly benefit us all.

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Microsoft Cloud hiring to "implement global small modular reactor and microreactor" strategy to power data centers: https://www.datacenterdynamics.com/en/news/microsoft-cloud-hiring-to-implement-global-small-modular-reactor-and-microreactor-strategy-to-power-data-centers/

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@ 7f6db517:a4931eda

Humanity's Natural State Is Chaos
Without order there is chaos. Humans competing with each other for scarce resources naturally leads to conflict until one group achieves significant power and instates a "monopoly on violence."

Power Brings Stability
Power has always been the key means to achieve stability in societies. Centralized power can be incredibly effective in addressing issues such as crime, poverty, and social unrest efficiently. Unfortunately this power is often abused and corrupted.

Centralized Power Breeds Tyranny
Centralized power often leads to tyrannical rule. When a select few individuals hold control over a society, they tend to become corrupted. Centralized power structures often lack accountability and transparency, and rely too heavily on trust.

Distributed Power Cultivates Freedom
New technology that empowers individuals provide us the ability to rebuild societies from the bottom up. Strong individuals that can defend and provide for themselves will help build strong local communities on a similar foundation. The result is power being distributed throughout society rather than held by a select few.

In the short term, relying on trust and centralized power is an easy answer to mitigating chaos, but freedom tech tools provide us the ability to build on top of much stronger distributed foundations that provide stability while also cultivating individual freedom.

The solution starts with us. Empower yourself. Empower others. A grassroots freedom tech movement scaling one person at a time.

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

@ 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

@ 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

@ 8d34bd24:414be32b

These days it can feel like the whole world is out of control. Government officials lie and break the law. People are selfish, act emotionally rather than logically, and push ideologies that are illogical and contrary to reality. Society is divided into groups and people are judged, not for their own character, but based on which group they are placed into. There are wars and rumors of wars. There are worries of pandemics and economic disasters. Depression, psychosis, and despair is rampant even among the youngest among us.

Hope For Believers

As much as things seem to be out of control, they are not out of God’s control. This is what the Bible predicted. No matter how bad things get in the world, those who have put their faith in Jesus, do not need to feel despair.

Why are you in despair, O my soul?\ And why have you become disturbed within me?\ Hope in God, for I shall again praise Him\ For the help of His presence.\ O my God, my soul is in despair within me;\ Therefore I remember You from the land of the Jordan\ And the peaks of Hermon, from Mount Mizar. (Psalm 42:5-6)

When we start to feel despair overcoming us, we need to remember what God has done and what He has promised. We need to praise God for what He has done, what He has promised, and what He will bring to completion. Things may be hard now, but God is still in control, and we know how the story will end. God triumphs. Good is rewarded. Evil is destroyed. We can stand on the foundation of hope because we know the ending. Even though things may be out of our personal control, they are always under God’s control.

The more fiercely the storm rages, the more we need to rest in Jesus and the more we need to put our hope in Him.

O love the Lord, all you His godly ones!\ The Lord preserves the faithful\ And fully recompenses the proud doer.\ **Be strong and let your heart take courage,\ All you who hope in the Lord. (Psalm 31:23-24) {emphasis mine}

We can take courage because God always acts for our long term good. Every hardship we experience here on earth will be recognized as a blessing that grew our faith and prepared us for heaven and God’s presence in eternity.

For I know the plans that I have for you,’ declares the Lord, ‘plans for welfare and not for calamity to give you a future and a hope. (Jeremiah 29:11)

Even the worst things that happen to us, due to the sins of others, have a good purpose in our lives. God is working good through us. Our hope isn’t an empty hope. It isn’t a “I really hope this happens.” It is a “I can hope in the guaranteed promises of God.”

For we do not want you to be unaware, brethren, of our affliction which came to us in Asia, that we were burdened excessively, beyond our strength, so that we despaired even of life; indeed, we had the sentence of death within ourselves so that we would not trust in ourselves, but in God who raises the dead; who delivered us from so great a peril of death, and will deliver us, He on whom we have set our hope. And He will yet deliver us, (2 Corinthians 1:8-10) {emphasis mine}

We may experience situations so bad that they seem hopeless, but with God, nothing is hopeless. The God who raises the dead can raise us out of any situation. The God who spoke the universe into existence can deliver us by a word.

The God of the Bible knows all and loves us completely. He looks at our situation through the lens of eternity. What seems best in the moment is not necessarily what is best for our eternity. Many times He delivers us through hardship rather than out of it. We just need to trust Him and put our hope in Him because He is good.

In the same way God, desiring even more to show to the heirs of the promise the unchangeableness of His purpose, interposed with an oath, so that by two unchangeable things in which it is impossible for God to lie, we who have taken refuge would have strong encouragement to take hold of the hope set before us. This hope we have as an anchor of the soul, a hope both sure and steadfast and one which enters within the veil, where Jesus has entered as a forerunner for us, having become a high priest forever according to the order of Melchizedek. (Hebrews 6:17-20) {emphasis mine}

Read that statement again. “This hope we have as an anchor of the soul, a hope both sure and steadfast.” Are you trusting Jesus as the “anchor of your soul?” Is your hope just a wish or is it a “sure and steadfast” hope based on the promises of God that you know will 100% come true?

And not only this, but we also exult in our tribulations, knowing that tribulation brings about perseverance; and perseverance, proven character; and proven character, hope; and hope does not disappoint, because the love of God has been poured out within our hearts through the Holy Spirit who was given to us. (Romans 5:3-5)

Isn’t it ironic that we need hope to persevere through tribulations, but that persevering through tribulation gives us character and hope? Our faith, trust, and hope grow through hardship. When things are easy, we almost always fall back on trusting in our own power rather than relying on God’s power. If we have put our faith in Jesus, there is no situation in which we should lose hope.

Now may the God of hope fill you with all joy and peace in believing, so that you will abound in hope by the power of the Holy Spirit. (Romans 15:13)

Is your joy and peace based on your circumstances or have you learned to have hope in God so you can experience joy and peace even in the trials?

Many people equate joy and happiness, but I think there is a key distinction. Happiness is a pleasant feeling that comes from pleasant circumstances. Joy is a similar feeling to happiness, but it comes from knowing God and His love. It is not tied to circumstances. When we have truly put our hope in God we can still have joy in and despite the most horrific circumstances.

Blessed be the God and Father of our Lord Jesus Christ, who according to His great mercy has caused us to be born again to a living hope through the resurrection of Jesus Christ from the dead, to obtain an inheritance which is imperishable and undefiled and will not fade away, reserved in heaven for you, (1 Peter 1:3-4) {emphasis mine}

Just as Jesus told the Samaritan woman at the well that He provides living water that wells up inside, so that she need never thirst, in the same way believers have a living hope that wells up in times of need. Our hope is in the Creator of the universe and Savior of the world. No problem is too big for Him. No situation is a surprise to Him. No enemy is too powerful for Him. All of our problems are already solved. We just haven’t necessarily seen the solution yet.

My soul, wait in silence for God only,\ For my hope is from Him.\ He only is my rock and my salvation,\ My stronghold; I shall not be shaken.\ On God my salvation and my glory rest;\ The rock of my strength, my refuge is in God. (Psalm 62:5-7)

Despair For Unbelievers

Although believers never have reason to despair, the same is not true for those who have rejected the Savior, Jesus Christ. In these perilous times, they have a real reason for dread and despair.

Moreover, the Lord will scatter you among all peoples, from one end of the earth to the other end of the earth; and there you shall serve other gods, wood and stone, which you or your fathers have not known. Among those nations you shall find no rest, and there will be no resting place for the sole of your foot; but there the Lord will give you a trembling heart, failing of eyes, and despair of soul. So your life shall hang in doubt before you; and you will be in dread night and day, and shall have no assurance of your life. (Deuteronomy 64-66)

Those who reject the atoning sacrifice of Jesus do not get His protection. They do not get His help. They cannot rest in hope in Him.

Of course, the good news is that they can chose to turn their hearts to Him, confess their sins, and trust in Him up until their moment of death. Sadly many will continue to put off faith until it is too late. Many will choose evil over good and license over submission until God gives them over to their lusts.

And just as they did not see fit to acknowledge God any longer, God gave them over to a depraved mind, to do those things which are not proper, being filled with all unrighteousness, wickedness, greed, evil; full of envy, murder, strife, deceit, malice; they are gossips, slanderers, haters of God, insolent, arrogant, boastful, inventors of evil, disobedient to parents, without understanding, untrustworthy, unloving, unmerciful; and although they know the ordinance of God, that those who practice such things are worthy of death, they not only do the same, but also give hearty approval to those who practice them. (Romans 1:28-32)

If any of you have not yet put your trust in Jesus as Savior and Lord, do not wait. Turn away from evil. Submit to the will of Jesus. Trust Him to take away your sins and cover you with His righteousness.

If any of you know people who are in despair, share the gospel with them. Tell them about the greatness of God. Show them the hope that is within you.

Can Believers Despair?

Are there believers who despair? Yes. Should believers ever despair? Definitely not!

But we have this treasure in earthen vessels, so that the surpassing greatness of the power will be of God and not from ourselves; we are afflicted in every way, but not crushed; perplexed, but not despairing; persecuted, but not forsaken; struck down, but not destroyed; always carrying about in the body the dying of Jesus, so that the life of Jesus also may be manifested in our body. (2 Corinthians 4:7-10)

Jesus is always with believers in all situations guiding and protecting us. Those difficult situations that happen are for our good, even when we can’t see how it could be for good.

Job had more reasons to despair than almost anyone, yet he trusted in God. He didn’t know why he was being put through such loss, but his loss increased his faith in God and was a great example to people throughout history. I also love this cry of his heart.

“Oh that my words were written!\ Oh that they were inscribed in a book!” (Job 19:23)

He may or may not have seen even the partial fulfillment of this cry, but His words are written in the book of Job, in the Holy Scriptures read by Jews and Christians throughout the world and throughout history. Job’s first response to loss was an example to us all. After losing all ten children and all of his wealth, this was his response.

Then Job arose and tore his robe and shaved his head, and he fell to the ground and worshiped. (Job 1:20)

Yes, it is true that he had moments of despair where he cursed his birth, but he then returned to God in faith and hope. After a brief rebuke from God, Job submitted to God’s will.

“Behold, I am insignificant; what can I reply to You?\ I lay my hand on my mouth.\ Once I have spoken, and I will not answer;\ Even twice, and I will add nothing more.” (Job 40:4-5)

After his second rebuke from God, he fully submitted.

Then Job answered the Lord and said,

“I know that You can do all things,\ And that no purpose of Yours can be thwarted.\ ‘Who is this that hides counsel without knowledge?’\ *Therefore I have declared that which I did not understand,\ Things too wonderful for me, which I did not know.\ ‘Hear, now, and I will speak;\ I will ask You, and You instruct me*.’\ I have heard of You by the hearing of the ear;\ But now my eye sees You;\ Therefore I retract,\ And I repent in dust and ashes**.” (Job 42:1-6) {emphasis mine}

Job admitted that he did not understand what God was doing, but that God was right; God was good; and God was Lord. Job was able to have hope knowing that God was in control and working for good.

In the case of Job, he was later blessed with more kids, more wealth, and more respect than he had in the beginning. We won’t all see our blessings here on earth, but all believers will receive blessings from their trials.

May our glorious Savior and God fill you with faith and hope in God, His goodness, His power, and His plan. May we all submit to His good will even when we do not understand and even when every part of our earthly body is crying, “stop!” May God fill you with knowledge of Him, faith in Him, and hope in Him.

Trust Jesus

@ 812cff5a:5c40aeeb

NIP-01 — الشكل الأساسي للأحداث في نُستر

رقم التعريف (NIP): 01
العنوان: الشكل الأساسي للأحداث
الحالة: نهائي
المؤلف: fiatjaf
التاريخ: 2020-12-10

---

الملخص

هذا المستند يعرّف الشكل القياسي لأي "حدث" يتم تداوله ضمن شبكة نُستر (Nostr).
الهدف من هذا التنسيق هو ضمان إمكانية معالجة وتفسير الأحداث من قبل جميع العملاء والخوادم بطريقة موحّدة.

---

هيكل الحدث

كل حدث عبارة عن كائن يحتوي على الحقول التالية:

{ "id": <معرّف فريد>, "pubkey": <مفتاح عام للمرسل>, "created_at": <تاريخ الإنشاء كرقم UNIX timestamp>, "kind": <نوع الحدث>, "tags": [<قائمة من الوسوم>], "content": <المحتوى>, "sig": <التوقيع الرقمي> }

---

شرح الحقول

• id: سلسلة نصية تمثل SHA-256 لمحتوى الحدث.
• pubkey: المفتاح العام للمستخدم (عادةً 32 بايت بصيغة hex).
• created_at: الطابع الزمني للإنشاء (Unix timestamp).
• kind: رقم يحدد نوع الحدث (مثلاً: منشور، متابعة، إعادة نشر).
• tags: قائمة من الوسوم المرتبطة بالحدث (مثلاً: إشارة إلى مستخدم أو حدث).
• content: المحتوى الأساسي للحدث (نص أو بيانات).
• sig: التوقيع الرقمي الذي يثبت أن المرسل هو صاحب المحتوى.

---

كيفية توليد معرف الحدث id

يتم توليد المعرّف عبر أخذ تمثيل JSON للحدث (بدون الحقول id و sig) ثم حساب التجزئة باستخدام SHA-256.

---

توقيع الحدث

يُوقّع المستخدم الحدث باستخدام مفتاحه الخاص.
هذا التوقيع الرقمي يسمح لأي شخص بالتحقق من صحة الحدث باستخدام المفتاح العام.

---

أنواع الأحداث (kind)

• 0: ملف التعريف (الاسم، الصورة، النبذة).
• 1: منشور عام نصي.
• 2: إعادة نشر.
• 3: قائمة المتابَعين.
• 4: رسالة مشفّرة خاصة.
• أنواع أخرى يمكن إضافتها لاحقًا.

---

الوسوم (Tags)

الوسوم عبارة عن قوائم (arrays) داخل الحدث لتوفير معلومات إضافية.
مثال:

["e", "<معرّف الحدث>"] ["p", "<مفتاح عام لمستخدم>"]

• "e" تشير إلى حدث.
• "p" تشير إلى مستخدم.

---

الخلاصة

NIP-01 هو الأساس الهيكلي لتبادل الأحداث عبر نُستر.
من خلال اتباع هذا الشكل، يمكن لجميع التطبيقات والخوادم العمل معاً بسلاسة، وضمان أمن وموثوقية كل حدث.

@ dfa02707:41ca50e3

News

• Bitcoin mining centralization in 2025. According to a blog post by b10c, Bitcoin mining was at its most decentralized in May 2017, with another favorable period from 2019 to 2022. However, starting in 2023, mining has become increasingly centralized, particularly due to the influence of large pools like Foundry and the use of proxy pooling by entities such as AntPool.

Source: b10c's blog.

• 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.
• New Spiral grantee: l0rinc. In February 2024, l0rinc transitioned to full-time work on Bitcoin Core. His efforts focus on performance benchmarking and optimizations, enhancing code quality, conducting code reviews, reducing block download times, optimizing memory usage, and refactoring code.
• 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.
• Unchained has launched the Bitcoin Legacy Project. The initiative seeks to advance the Bitcoin ecosystem through a bitcoin-native donor-advised fund platform (DAF), investments in community hubs, support for education and open-source development, and a commitment to long-term sustainability with transparent annual reporting.
  • In its first year, the program will provide support to Bitcoin hubs in Nashville, Austin, and Denver.
  • Support also includes $50,000 to the Bitcoin Policy Institute, a $150,000 commitment at the University of Austin, and up to $250,000 in research grants through the Bitcoin Scholars program.

"Unchained will match grants 1:1 made to partner organizations who support Bitcoin Core development when made through the Unchained-powered bitcoin DAF, up to 1 BTC," was stated in a blog post.

• Block launched open-source tools for Bitcoin treasury management. These include a dashboard for managing corporate bitcoin holdings and provides a real-time BTC-to-USD price quote API, released as part of the Block Open Source initiative. The company’s own instance of the bitcoin holdings dashboard is available here.

Source: block.xyz

• 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.

• Corporate bitcoin holdings hit a record high in Q1 2025. According to Bitwise, public companies' adoption of Bitcoin has hit an all-time high. In Q1 2025, these firms collectively hold over 688,000 BTC, marking a 16.11% increase from the previous quarter. This amount represents 3.28% of Bitcoin's fixed 21 million supply.

Source: Bitwise.

• The Bitcoin Bond Company for institutions has launched with the aim of acquiring $1 trillion in Bitcoin over 21 years. It utilizes secure, transparent, and compliant bond-like products backed by Bitcoin.
• The U.S. Senate confirmed Paul Atkins as Chair of the Securities and Exchange Commission (SEC). At his confirmation hearing, Atkins emphasized the need for a clear framework for digital assets. He aims to collaborate with the CFTC and Congress to address jurisdiction and rulemaking gaps, aligning with the Trump administration's goal to position the U.S. as a leader in Bitcoin and blockchain finance.
• Ethereum developer Virgil Griffith has been released from custody. Griffith, whose sentence was reduced to 56 months, is now seeking a pardon. He was initially sentenced to 63 months for allegedly violating international sanctions laws by providing technical advice on using cryptocurrencies and blockchain technology to evade sanctions during a presentation titled 'Blockchains for Peace' in North Korea.
• No-KYC exchange eXch to close down under money laundering scrutiny. The privacy-focused cryptocurrency trading platform said it will cease operations on May 1. This decision follows allegations that the platform was used by North Korea's Lazarus Group for money laundering. eXch revealed it is the subject of an active "transatlantic operation" aimed at shutting down the platform and prosecuting its team for "money laundering and terrorism."
• Blockstream combats ESP32 FUD concerning Jade signers. The company stated that after reviewing the vulnerability disclosed in early March, Jade was found to be secure. Espressif Systems, the designer of the ESP32, has since clarified that the "undocumented commands" do not constitute a "backdoor."

• Bank of America is lobbying for regulations that favor banks over tech firms in stablecoin issuance. The bank's CEO Brian Moynihan is working with groups such as the American Bankers Association to advance the issuance of a fully reserved, 1:1 backed "Bank of America coin." If successful, this could limit stablecoin efforts by non-banks like Tether, Circle, and others, reports The Block.
• Tether to back OCEAN Pool with its hashrate. "As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity," said Tether CEO Paolo Ardoino.
• Bitdeer to expand its self-mining operations to navigate tariffs. The Singapore-based mining company is advancing plans to produce machines in the U.S. while reducing its mining hardware sales. This response is in light of increasing uncertainties related to U.S. trade policy, as reported by Bloomberg.
• Tether acquires $32M in Bitdeer shares. The firm has boosted its investment in Bitdeer during a wider market sell-off, with purchases in early to mid-April amounting to about $32 million, regulatory filings reveal.
• 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.
• Voltage has partnered with BitGo to [enable](https://www.voltage.cloud/blog/bitgo-and-voltage-team-up-to-deliver-instant-bitcoin-and-stabl

@ b7274d28:c99628cb

Your identity is important to you, right? While impersonation can be seen in some senses as a form of flattery, we all would prefer to be the only person capable of representing ourselves online, unless we intentionally delegate that privilege to someone else and maintain the ability to revoke it.

Amber does all of that for you in the context of #Nostr. It minimizes the possibility of your private key being compromized by acting as the only app with access to it, while all other Nostr apps send requests to Amber when they need something signed. This even allows you to give someone temporary authority to post as you without giving them your private key, and you retain the authority to revoke their permissions at any time.

nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5 has provided Android users with an incredibly powerful tool in Amber, and he continues to improve its functionality and ease of use. Indeed, there is not currently a comparative app available for iOS users. For the time being, this superpower is exclusive to Android.

Installation

Open up the Zapstore app that you installed in the previous stage of this tutorial series.

Very likely, Amber will be listed in the app collection section of the home page. If it is not, just search for "Amber" in the search bar.

Opening the app's page in the Zapstore shows that the release is signed by the developer. You can also see who has added this app to one of their collections and who has supported this app with sats by zapping the release.

Tap "Install" and you will be prompted to confirm you are sure you want to install Amber.

Helpfully, you are informed that several other users follow this developer on Nostr. If you have been on Nostr a while, you will likely recognize these gentlemen as other Nostr developers, one of them being the original creator of the protocol.

You can choose to never have Zapstore ask for confirmation again with apps developed by nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5, and since we have another of his apps to install later in this tutorial series, I recommend you toggle this on. Then tap on "Trust greenart7c3 and install app."

Just like when you installed the Zapstore from their GitHub, you will be prompted to allow the Zapstore to install apps, since Android considers it an "unknown source."

Once you toggle this on and use the back button to get back to the Zapstore, Amber will begin downloading and then present a prompt to install the app. Once installed, you will see a prompt that installation was a success and you can now open the app.

From here, how you proceed will depend on whether you need to set up a new Nostr identity or use Amber with an existing private key you already have set up. The next section will cover setting up a new Nostr identity with Amber. Skip to the section titled "Existing Nostrich" if you already have an nsec that you would like to use with Amber.

New Nostrich

Upon opening the application, you will be presented with the option to use an existing private key or create a new Nostr account. Nostr doesn't really have "accounts" in the traditional sense of the term. Accounts are a relic of permissioned systems. What you have on Nostr are keys, but Amber uses the "account" term because it is a more familiar concept, though it is technically inaccurate.

Choose "Create a new Nostr account" and you will be presented with a screen telling you that your Nostr account is ready. Yes, it was really that easy. No email, no real name, no date of birth, and no annoying capcha. Just "Create a new account" and you're done.

The app presents you with your public key. This is like an address that can be used to find your posts on Nostr. It is 100% unique to you, and no one else can post a note that lists this npub as the author, because they won't have the corresponding private key. You don't need to remember your npub, though. You'll be able to readily copy it from any Nostr app you use whenever you need it.

You will also be prompted to add a nickname. This is just for use within Amber, since you can set up multiple profiles within the app. You can use anything you want here, as it is just so you can tell which profile is which when switching between them in Amber.

Once you've set your nickname, tap on "Continue."

The next screen will ask you what Amber's default signing policy should be.

The default is to approve basic actions, referring to things that are common for Nostr clients to request a signature for, like following another user, liking a post, making a new post, or replying. If you are more concerned about what Amber might be signing for on your behalf, you can tell it to require manual approval for each app.

Once you've made your decision, tap "Finish." You will also be able to change this selection in the app settings at any time.

With this setup out of the way, you are now presented with the main "Applications" page of the app.

At the top, you have a notification encouraging you to create a backup. Let's get that taken care of now by tapping on the notification and skipping down to the heading titled "Backing Up Your Identity" in this tutorial.

Existing Nostrich

Upon opening the application, you will be presented with the option to use your private key or create a new Nostr account. Choose the former.

The next screen will require you to paste your private key.

You will need to obtain this from whatever Nostr app you used to create your profile, or any other Nostr app that you pasted your nsec into in the past. Typically you can find it in the app settings and there will be a section mentioning your keys where you can copy your nsec. For instance, in Primal go to Settings > Keys > Copy private key, and on Amethyst open the side panel by tapping on your profile picture in the top-left, then Backup Keys > Copy my secret key.

After pasting your nsec into Amber, tap "Next."

Amber will give you a couple options for a default signing policy. The default is to approve basic actions, referring to things that are common for Nostr clients to request a signature for, like following another user, liking a post, making a new post, or replying. If you are more concerned about what Amber might be signing for on your behalf, you can tell it to require manual approval for each app.

Once you've made your decision, tap "Finish." You will also be able to change this selection in the app settings at any time.

With this setup out of the way, you are now presented with the main "Applications" page of the app. You have nothing here yet, since you haven't used Amber to log into any Nostr apps, but this will be where all of the apps you have connected with Amber will be listed, in the order of the most recently used at the top.

Before we go and use Amber to log into an app, though, let's make sure we've created a backup of our private key. You pasted your nsec into Amber, so you could just save that somewhere safe, but Amber gives you a few other options as well. To find them, you'll need to tap the cog icon at the bottom of the screen to access the settings, then select "Backup Keys."

Backing Up Your Identity

You'll notice that Amber has a few different options for backing up your private key that it can generate.

First, it can give you seed words, just like a Bitcoin seed. If you choose that option, you'll be presented with 12 words you can record somewhere safe. To recover your Nostr private key, you just have to type those words into a compatible application, such as Amber.

The next option is to just copy the secret/private key in its standard form as an "nsec." This is the least secure way to store it, but is also the most convenient, since it is simple to paste into another signer application. If you want to be able to log in on a desktop web app, the browser extension Nostr signers won't necessarily support entering your 12 word seed phrase, but they absolutely will support pasting in your nsec.

You can also display a QR code of your private key. This can be scanned by Amber signer on another device for easily transferring your private key to other devices you want to use it on. Say you have an Android tablet in addition to your phone, for instance. Just make sure you only use this function where you can be certain that no one will be able to get a photograph of that QR code. Once someone else has your nsec, there is no way to recover it. You have to start all over on Nostr. Not a big deal at this point in your journey if you just created a Nostr account, but if you have been using Nostr for a while and have built up a decent amount of reputation, it could be much more costly to start over again.

The next options are a bit more secure, because they require a password that will be used to encrypt your private key. This has some distinct advantages, and a couple disadvantages to be aware of. Using a password to encrypt your private key will give you what is called an ncryptsec, and if this is leaked somehow, whoever has it will not necessarily have access to post as you on Nostr, the way they would if your nsec had been leaked. At least, not so long as they don't also have your password. This means you can store your ncryptsec in multiple locations without much fear that it will be compromised, so long as the password you used to encrypt it was a strong and unique one, and it isn't stored in the same location. Some Nostr apps support an ncryptsec for login directly, meaning that you have the option to paste in your ncryptsec and then just log in with the password you used to encrypt it from there on out. However, now you will need to keep track of both your ncryptsec and your password, storing both of them safely and separately. Additionally, most Nostr clients and signer applications do not support using an ncryptsec, so you will need to convert it back to a standard nsec (or copy the nsec from Amber) to use those apps.

The QR option using an ncryptsec is actually quite useful, though, and I would go this route when trying to set up Amber on additional devices, since anyone possibly getting a picture of the QR code is still not going to be able to do anything with it, unless they also get the password you used to encrypt it.

All of the above options will require you to enter the PIN you set up for your device, or biometric authentication, just as an additional precaution before displaying your private key to you.

As for what "store it in a safe place" looks like, I highly recommend a self-hosted password manager, such as Vaultwarden+Bitwarden or KeePass. If you really want to get wild, you can store it on a hardware signing device, or on a steel seed plate.

Additional Settings

Amber has some additional settings you may want to take advantage of. First off, if you don't want just anyone who has access to your phone to be able to approve signing requests, you can go into the Security settings add a PIN or enable biometrics for signing requests. If you enable the PIN, it will be separate from the PIN you use to access your phone, so you can let someone else use your phone, like your child who is always begging to play a mobile game you have installed, without worrying that they might have access to your Nostr key to post on Amethyst.

Amber also has some relay settings. First are the "Active relays" which are used for signing requests sent to Amber remotely from Nostr web apps. This is what enables you to use Amber on your phone to log into Nostr applications on your desktop web browser, such as Jumble.social, Coracle.social, or Nostrudel.ninja, eliminating your need to use any other application to store your nsec whatsoever. You can leave this relay as the default, or you can add other relays you want to use for signing requests. Just be aware, not all relays will accept the notes that are used for Nostr signing requests, so make sure that the relay you want to use does so. In fact, Amber will make sure of this for you when you type in the relay address.

The next type of relays that you can configure in Amber are the "Default profile relays." These are used for reading your profile information. If you already had a Nostr identity that you imported to Amber, you probably noticed it loaded your profile picture and display name, setting the latter as your nickname in Amber. These relays are where Amber got that information from. The defaults are relay.nostr.band and purplepag.es. The reason for this is because they are aggregators that look for Nostr profiles that have been saved to other relays on the network and pull them in. Therefore, no matter what other relay you may save your profile to, Amber will likely be able to find it on one of those two relays as well. If you have a relay you know you will be saving your Nostr profiles to, you may want to add it to this list.

You can also set up Amber to be paired with Orbot for signing over Tor using relays that are only accessible via the Tor network. That is an advanced feature, though, and well beyond the scope of this tutorial.

Finally, you can update the default signing policy. Maybe after using Amber for a while, you've decided that the choice you made before was too strict or too lenient. You can change it to suit your needs.

Zapstore Login

Now that you are all set up with Amber, let's get you signed into your first Nostr app by going back to the Zapstore.

From the app's home screen, tap on the user icon in the upper left of the screen. This will open a side panel with not much on it except the option to "sign in." Go ahead and tap on it.

You will be presented with the option to either sign in with Amber, or to paste your npub. However, if you do the latter, you will only have read access, meaning you cannot zap any of the app releases. There are other features planned for the Zapstore that may also require you to be signed in with write access, so go ahead and choose to log in with Amber.

Your phone should automatically switch to Amber to approve the sign-in request.

You can choose to only approve basic actions for Zapstore, require it to manually approve every time, or you can tell it that you "fully trust this application." Only choose the latter option with apps you have used for a while and they have never asked you to sign for anything suspicious. For the time being, I suggest you use the "Approve basic actions" option and tap "Grant Permissions."

Your phone will switch back to the Zapstore and will show that you are now signed in. Congratulations! From here on out, logging into most Nostr applications will be as easy as tapping on "Log in with Amber" and approving the request.

If you set up a new profile, it will just show a truncated version of your npub rather than the nickname you set up earlier. That's fine. You'll have an opportunity to update your Nostr profile in the next tutorial in this series and ensure that it is spread far and wide in the network, so the Zapstore will easily find it.

That concludes the tutorial for Amber. While we have not covered using Amber to log into Nostr web apps, that is outside the scope of this series, and I will cover it in an upcoming tutorial regarding using Amber's remote signer options in detail.

Since you're already hanging out in the Zapstore, you may as well stick around, because we will be using it right out the gate in the next part of this series: Amethyst Installation and Setup. (Coming Soon)

@ 5f078e90:b2bacaa3

Sylvi the seahorse

In the coral haven of Azure Bay, a seahorse named Sylvi danced with the tides. Her tail curled around a swaying frond as she watched fish dart by. One dawn, a lost pearl rolled into her nook. Sylvi, curious, nudged it along the reef, meeting crabs and eels who shared tales of the deep. By dusk, she found its oyster home. The pearl gleamed thanks, and Sylvi twirled home, her heart light as foam.

Ignore this test. This was in bold originally.

(380 chars, plain text after Markdown stripping, this was in italics originally)

Originally written on habla.news (on Nostr)

@ 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

@ c1e9ab3a:9cb56b43

Star Wars is often viewed as a myth of rebellion, freedom, and resistance to tyranny. The iconography—scrappy rebels, totalitarian stormtroopers, lone smugglers—suggests a deep anti-authoritarian ethos. Yet, beneath the surface, the narrative arc of Star Wars consistently affirms the necessity, even sanctity, of central authority. This blog entry introduces the question: Is Star Wars fundamentally a celebration of statism?

---

Rebellion as Restoration, Not Revolution

The Rebel Alliance’s mission is not to dismantle centralized power, but to restore the Galactic Republic—a bureaucratic, centrally governed institution. Characters like Mon Mothma and Bail Organa are high-ranking senators, not populist revolutionaries. The goal is to remove the corrupt Empire and reinstall a previous central authority, presumed to be just.

• Rebels are loyalists to a prior state structure.
• Power is not questioned, only who wields it.

---

Jedi as Centralized Moral Elites

The Jedi, often idealized as protectors of peace, are unelected, extra-legal enforcers of moral and military order. Their authority stems from esoteric metaphysical abilities rather than democratic legitimacy.

• They answer only to their internal Council.
• They are deployed by the Senate, but act independently of civil law.
• Their collapse is depicted as tragic not because they were unaccountable, but because they were betrayed.

This positions them as a theocratic elite, not spiritual anarchists.

---

Chaos and the Frontier: The Case of the Cantina

The Mos Eisley cantina, often viewed as a symbol of frontier freedom, reveals something darker. It is: - Lawless - Violent - Culturally fragmented

Conflict resolution occurs through murder, not mediation. Obi-Wan slices off a limb; Han shoots first—both without legal consequence. There is no evidence of property rights, dispute resolution, or voluntary order.

This is not libertarian pluralism—it’s moral entropy. The message: without centralized governance, barbarism reigns.

---

The Mythic Arc: Restoration of the Just State

Every trilogy in the saga returns to a single theme: the fall and redemption of legitimate authority.

1. Prequels: Republic collapses into tyranny.
2. Originals: Rebels fight to restore legitimate order.
3. Sequels: Weak governance leads to resurgence of authoritarianism; heroes must reestablish moral centralism.

The story is not anti-state—it’s anti-bad state. The solution is never decentralization; it’s the return of the right ruler or order.

---

Conclusion: The Hidden Statism of a Rebel Myth

Star Wars wears the costume of rebellion, but tells the story of centralized salvation. It: - Validates elite moral authority (Jedi) - Romanticizes restoration of fallen governments (Republic) - Portrays decentralized zones as corrupt and savage (outer rim worlds)

It is not an anarchist parable, nor a libertarian fable. It is a statist mythology, clothed in the spectacle of rebellion. Its core message is not that power should be abolished, but that power belongs to the virtuous few.

---

Question to Consider:
If the Star Wars universe consistently affirms the need for centralized moral and political authority, should we continue to see it as a myth of freedom? Or is it time to recognize it as a narrative of benevolent empire?

@ c1e9ab3a:9cb56b43

I. Introduction: Money as a Function of Efficiency and Preference

Money is not defined by law, but by power over productivity. In any open economy, the most economically efficient actors—those who control the most valuable goods, services, and knowledge—ultimately dictate the medium of exchange. Their preferences signal to the broader market what form of money is required to access the highest-value goods, from durable commodities to intangibles like intellectual property and skilled labor.

Whatever money these actors prefer becomes the de facto unit of account and store of value, regardless of its legal status. This emergent behavior is natural and reflects a hierarchy of monetary utility.

II. Classical Gresham’s Law: A Product of Market Distortion

Gresham’s Law, famously stated as:

"Bad money drives out good"

is only valid under coercive monetary conditions, specifically: - Legal tender laws that force the acceptance of inferior money at par with superior money. - Fixed exchange rates imposed by decree, not market valuation. - Governments or central banks backing elastic fiduciary media with promises of redemption. - Institutional structures that mandate debt and tax payments in the favored currency.

Under these conditions, superior money (hard money) is hoarded, while inferior money (soft, elastic, inflationary) circulates. This is not an expression of free market behavior—it is the result of suppressed price discovery and legal coercion.

Gresham’s Law, therefore, is not a natural law of money, but a law of distortion under forced parity and artificial elasticity.

III. The Collapse of Coercion: Inversion of Gresham’s Law

When coercive structures weaken or are bypassed—through technological exit, jurisdictional arbitrage, monetary breakdown, or political disintegration—Gresham’s Law inverts:

Good money drives out bad.

This occurs because: - Market actors regain the freedom to select money based on utility, scarcity, and credibility. - Legal parity collapses, exposing the true economic hierarchy of monetary forms. - Trustless systems (e.g., Bitcoin) or superior digital instruments (e.g., stablecoins) offer better settlement, security, and durability. - Elastic fiduciary media become undesirable as counterparty risk and inflation rise.

The inversion marks a return to monetary natural selection—not a breakdown of Gresham’s Law, but the collapse of its preconditions.

IV. Elasticity and Control

Elastic fiduciary media (like fiat currency) are not intrinsically evil. They are tools of state finance and debt management, enabling rapid expansion of credit and liquidity. However, when their issuance is unconstrained, and legal tender laws force their use, they become weapons of economic coercion.

Banks issue credit unconstrained by real savings, and governments enforce the use of inflated media through taxation and courts. This distorts capital allocation, devalues productive labor, and ultimately hollows out monetary confidence.

V. Monetary Reversion: The Return of Hard Money

When the coercion ends—whether gradually or suddenly—the monetary system reverts. The preferences of the productive and wealthy reassert themselves:

• Superior money is not just saved—it begins to circulate.
• Weaker currencies are rejected not just for savings, but for daily exchange.
• The hoarded form becomes the traded form, and Gresham’s Law inverts completely.

Bitcoin, gold, and even highly credible stable instruments begin to function as true money, not just stores of value. The natural monetary order returns, and the State becomes a late participant, not the originator of monetary reality.

VI. Conclusion

Gresham’s Law operates only under distortion. Its inversion is not an anomaly—it is a signal of the collapse of coercion. The monetary system then reorganizes around productive preference, technological efficiency, and economic sovereignty.

The most efficient market will always dictate the form of hard money. The State can delay this reckoning through legal force, but it cannot prevent it indefinitely. Once free choice returns, bad money dies, and good money lives again.

@ dfa02707:41ca50e3

Headlines

• Twenty One Capital is set to launch with over 42,000 BTC in its treasury. This new Bitcoin-native firm, backed by Tether and SoftBank, is planned to go public via a SPAC merger with Cantor Equity Partners and will be led by Jack Mallers, co-founder and CEO of Strike. According to a report by the Financial Times, the company aims to replicate the model of Michael Saylor with his company, MicroStrategy.
• Florida's SB 868 proposes a backdoor into encrypted platforms. The bill and its House companion have both passed through their respective committees and are headed to a full vote. If enacted, SB 868 would require social media companies to decrypt teens' private messages, ban disappearing messages, allow unrestricted parental access to private messages, and likely eliminate encryption for all minors altogether.
• Paul Atkins has officially assumed the role of the 34th Chairman of the US Securities and Exchange Commission (SEC). This is a return to the agency for Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under the George W. Bush administration. He has committed to advancing the SEC’s mission of fostering capital formation, safeguarding investors, and ensuring fair and efficient markets.
• Solosatoshi.com has sold over 10,000 open-source miners, adding more than 10 PH of hashpower to the Bitcoin network.

"Thank you, Bitaxe community. OSMU developers, your brilliance built this. Supporters, your belief drives us. Customers, your trust powers 10,000+ miners and 10PH globally. Together, we’re decentralizing Bitcoin’s future. Last but certainly not least, thank you@skot9000 for not only creating a freedom tool, but instilling the idea into thousands of people, that Bitcoin mining can be for everyone again," said the firm on X.

• OCEAN's DATUM has found 100 blocks. "Over 65% of OCEAN’s miners are using DATUM, and that number is growing every day. This means block template construction is making its way back into the hands of the miners, which is not only the most profitable for miners on OCEAN but also one of the best things for Bitcoin," stated the mining pool.

Source: orangesurf

• Arch Labs has secured $13 million to develop "ArchVM" and integrate smart-contract functionality with Bitcoin. The funding round, valuing the company at $200 million, was led by Pantera Capital, as announced on Tuesday.
• Tesla still holds nearly $1 billion in bitcoin. According to the automaker's latest earnings report, the firm reported digital asset holdings worth $951 million as of March 31.
• The European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets legislation (MiCA), just months after its implementation. According to Politico's report on Tuesday, the ECB is concerned that U.S. support for cryptocurrency, particularly stablecoins, could cause economic harm to the 27-nation bloc.
• TABConf 2025 is scheduled to take place from October 13-16, 2025. This prominent technical Bitcoin conference is dedicated to community building, education, and developer support, and it is set to return in October. Get your tickets here.
• Kaduna Lightning Development Bootcamp. From May 14th to 17th, the Bitcoin Lightning Developer Bootcamp will take place in Kaduna, Nigeria. Thisevent offers four dynamic days of coding, learning, and networking. Organized by Africa Free Routing and supported by Btrust, Tether, and African Bitcoiners, this bootcamp is designed as a gateway for African developers eager to advance their skills in Bitcoin and Lightning development. Apply here.

Source: African Bitcoiners.

Use the tools

• Core Lightning (CLN) v25.02.2 as been released to fix a broken Docker image. The issue was caused by an SQLite version that did not support an advanced query.
• Blitz wallet v0.4.4-beta introduces several updates and improvements, including the prevention of duplicate ecash payments, fixes for background ecash invoice handling, the ability for users to send payments to BOLT12 invoices from their Liquid balance, support for Blink QR codes, a lowered minimum amount for Lightning-to-Liquid payments to 100 sats, the option to initiate a node sync via a swipe gesture on the wallet's home screen, and the introduction of opt-in or opt-out functionality for newly implemented crash analytics via settings.
• Utreexo v0.5.0, a hash-based dynamic accumulator, is now available.
• Specter v2.1.1 is now available on StartOS. "This update brings compatibility with Bitcoin Core v28 and incorporates several upstream improvements," said developer Alex71btc.
• ESP-Miner (AxeOS) v2.7.0b1 is now available for testing.
• NodeGuard v0.16.1, a treasury management solution for Lightning nodes, has been released.
• The latest stacker.news updates include prompts to add a receiving wallet when posting or making comments (for new users), an option to randomize poll choices, improved URL search, and a few other enhancements. A bug fix for territories created after 9/19/24 has been implemented to reward 70% of their revenue to owners instead of 50%.

Other stuff

• The April edition of the 256 Foundation's newsletter is now available. It includes the latest mining news, Bitcoin network health updates, project developments, and a tutorial on how to update FutureBit's Apollo 1 to the Apollo 2 software.
• Siggy47 has posted a comprehensive RoboSats guide on stacker.news.
• Learn how to run your own Nostr relay using Citrine and Cloudflare Tunnels by following this step-by-step guide by Dhalism.
• Max Guise has written a Bitkey roadmap update for April 2025.

• PlebLab has uploaded a video on how to build a Rust wallet with LDK Node by Ben Carman.

• Do you want more? Subscribe and get No Bullshit GM report straight to your mailbox and No Bullshit Bitcoin on Nostr.

• Feedback or tips? Drop it here.
• #FREESAMOURAI

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@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

News

• 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.
• Spiral renews support for Dan Gould and Joschisan. The organization has renewed support for Dan Gould, who is developing the Payjoin Dev Kit (PDK), and Joschisan, a Fedimint developer focused on simplifying federations.
• 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.
• The European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets legislation (MiCA), just months after its implementation. According to Politico's report on Tuesday, the ECB is concerned that U.S. support for cryptocurrency, particularly stablecoins, could cause economic harm to the 27-nation bloc.
• 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.
• The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya. The new legislation aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
• 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.

• Paul Atkins has officially assumed the role of the 34th Chairman of the US Securities and Exchange Commission (SEC). This is a return to the agency for Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under the George W. Bush administration. He has committed to advancing the SEC’s mission of fostering capital formation, safeguarding investors, and ensuring fair and efficient markets.
• Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.' The U.S. Federal Reserve withdrew guidance that discouraged banks from crypto and stablecoin activities, as announced by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.

"As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.

• Russian government to launch a cryptocurrency exchange. The country's Ministry of Finance and Central Bank announced plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
• Twenty One Capital is set to launch with over 42,000 BTC in its treasury. This new Bitcoin-native firm, backed by Tether and SoftBank, is planned to go public via a SPAC merger with Cantor Equity Partners and will be led by Jack Mallers, co-founder and CEO of Strike. According to a report by the Financial Times, the company aims to replicate the model of Michael Saylor with his company, MicroStrategy.
• 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.
• Metaplanet buys another 145 BTC. The Tokyo-listed company has purchased an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
• Semler Scientific has increased its bitcoin holdings to 3,303 BTC. The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a press release.
• Tesla still holds nearly $1 billion in bitcoin. According to the automaker's latest earnings report, the firm reported digital asset holdings worth $951 million as of March 31.
• 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.

• 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.
• Arch Labs has secured $13 million to develop "ArchVM" and integrate smart-contract functionality with Bitcoin. The funding round, valuing the company at $200 million, was led by Pantera Capital, as announced on Tuesday.
• Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge utilizes the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
• UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing. The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, per Bitcoin Magazine.
• Solosatoshi.com has sold over 10,000 open-source miners, adding more than 10 PH of hashpower to the Bitcoin network.

"Thank you, Bitaxe community. OSMU developers, your brilliance built this. Supporters, your belief drives us. Customers, your trust powers 10,000+ miners and 10PH globally. Together, we’re decentralizing Bitcoin’s future. Last but certainly not least, thank you@skot9000 for not only creating a freedom tool, but instilling the idea into thousands of people, that Bitcoin mining can be for everyone again," said the firm on X.

• OCEAN's DATUM has found 100 blocks. "Over 65% of OCEAN’s miners are using DATUM, and that number is growing every day. This means block template construction is making its way back into the hands of the miners, which is not only the most profitable

@ a29cfc65:484fac9c

Deutschland ist eines der wenigen Länder mit einer gesetzlich verankerten ausnahmslosen Schulbesuchspflicht. Mit den Schulschließungen in der Corona-Zeit wurde das Gesetz jedoch faktisch plötzlich außer Kraft gesetzt. Alle mussten zu Hause lernen. Als die Schulen danach wieder offen waren, wurden die Kinder mit Maskenpflicht, Tests und Impfdruck gequält. Nicht selten traten bei den Schülern Krankheiten und psychische Störungen auf. Nicht wenige Eltern suchten im Gespräch mit dem Lehrerkollegium nach Lösungen für ihre Kinder. In den meisten Fällen war das nicht möglich. Die Lehrer waren auf die neue Ideologie und die Durchsetzung der Maßnahmen eingeschworen und hatten Angst. Einige Eltern haben ihre Kinder dann in eigener Verantwortung aus der Schule genommen und zu Hause selbst unterrichtet. An manchen Orten fanden sich Gemeinschaften, wo die Kinder in Gruppen lernten. Während viele Lerngemeinschaften nicht mehr existieren, hat die Familie von Katharina den Unterricht für ihre drei Kinder in Eigenregie etabliert. Inzwischen haben sie dafür sogar „den Segen“ von Familiengericht und Jugendamt.

Katharina und Johannes leben mit ihren drei Wunschkindern Aurelius (15), Benjamin (14) und Friedrich (10) in einem Vorort von Leipzig. Die Familie wohnte früher in der Stadt. In der Corona-Zeit haben sie sich mit dem Physiotherapie- & Seminarzentrum Curasanus eine Existenz auf dem Land aufgebaut und begehen diesen Sommer ihr 20-jähriges Praxis-Jubiläum. Katharina hat ihre Arbeit als Physiotherapeutin weitgehend aufgegeben, um sich als Mama und Lernbegleiterin ihren Kindern widmen zu können. Daneben bietet sie Vorträge und Workshops an, übernimmt einen großen Teil der Praxis-Organisation und ist Manager, Rezeptionistin und Vertriebler der eigenen Firma. Wir besuchten einen ihrer Lachyoga-Kurse. Dabei erlebten wir ihr Zusammenspiel mit den drei Kindern. Anschließend stellten wir Katharina unsere Fragen zum Freilernen.

Im unmittelbaren Umfeld wird die Familie bestaunt und geachtet. Sie haben sich bewusst für das Freilernen entschieden. Die Kinder wurden ohne Test nicht mehr in die Schule gelassen. Auch andere Zwangsmaßnahmen wie die Maske wollten die Eltern den Kindern ersparen. Besonders Benjamin hatte traumatische Erlebnisse. Seine Lehrerin schmiss mit dem Schlüssel nach den Schülern und wandte andere schwarze Pädagogik an. Er ging ständig mit Bauchschmerzen ins Bett. Ein weiterer Punkt ist die Masernimpfung. Die Kinder könnten zwar zur Schule gehen, aber die Eltern werden mit rechtlichen Maßnahmen und Zwangszahlungen belegt. Da Katharina in ihrer Praxis viele Erkrankungen als Folge der Masernimpfung beobachten konnte, lehnt sie die Pflichtimpfung ab. Die Eltern haben kein Vertrauen mehr in die staatliche Schulerziehung mit all dem Zwang und den Erpressungen. Als die Familie den Entschluss gefasst hatte, die Kinder nicht mehr in die Schule zu schicken, haben sie ihre Praxis vorübergehend geschlossen, ihr Haus verkauft und sind auf Reisen gegangen. Die beiden großen Kinder wurden von der Schule abgemeldet. Nach der Rückkehr haben sie dann mit einem neuen Leben auf dem Land begonnen.

Lernen ohne Schule: Wie geht das?

„Wissen ist Macht und eine Holschuld“, sagt uns Katharina. Das ist ihr Motto und motiviert auch die Kinder. Mit dem Unterricht zu Hause macht die Familie ihre eigene Studie und zeigt, dass Lernen auch anders geht als in der Schule. Die Eltern können viel besser auf jedes einzelne Kind eingehen. Johannes arbeitete früher als Straßenbauer. Er unterstützt die Jungs vor allem in Mathematik, Geometrie und Physik sowie bei handwerklichen Fertigkeiten. Katharinas Stärken liegen in Deutsch, Sprachen und Organisation. Unter den Patienten ihrer Praxis gibt es Lehrer, die ihnen helfen. Weitere Unterstützung kommt von Freunden und Bekannten. Bei bestimmten Projekten treffen sie auf andere Freilernerkinder. „Das Netzwerk wird immer größer, es wird immer schöner und interessanter“, sagt Katharina. Man geht mit vielen anderen einen gemeinsamen Weg, verlässt dabei eingetretene Pfade und erkundet neue Themenfelder wie Mediengestaltung, freie Energie, Elektrotherapie, meditatives und Improvisations-Zeichnen. „Ich sprudele vor Ideen. Sie kommen in mein Feld, und dann mache ich was draus“, sagt Katharina. Die Jungs sind in Wurzen im Ringelnatz-Literaturkreis. Dort schreiben sie Drehbuchgeschichten und haben einen Film produziert. Sie suchen sich Projekte oder kreieren neue, wie mit dem Planetarium Eilenburg. Diese Zusammenarbeit hat sich sehr gut entwickelt. Dort lernen 4- bis 15-Jährige zusammen. Die drei Jungs spielen Klavier. Erdkunde und Geschichte erleben die Kinder auch dadurch, dass die Familie Hauptstädte oder die bosnischen Pyramiden selbst erkundet. Dabei erweist es sich als Vorteil, nicht auf die Ferienzeiten angewiesen zu sein.

Als Physiotherapeutin ist Katharina bewusst, dass man neue Lernstrategien entwickeln muss. Die Kinder lernen unterschiedlich. Jedes Kind hat seinen eigenen Charakter. Aurelius benötigt eher eine 1:1-Betreuung. Darauf kann Katharina viel individueller eingehen als die staatliche Schule. Es ist aber auch aufwendiger und anstrengender. Besonderen Wert legt sie darauf, dass rechte und linke Gehirnhälfte gleichmäßig beansprucht werden. Lernphasen werden immer wieder mit Entspannungs- oder Bewegungsphasen kombiniert. Sie weiß, dass den Kindern zuerst die Grundlagen des Lesens, Rechnens und Schreibens vermittelt werden müssen. Dann sind sie in der Lage, sich alles Weitere selbst anzueignen – Unterstützung vorausgesetzt. „Besonders das Schreiben mit der eigenen Hand ist wichtig für die Vernetzung der beiden Gehirnhälften“, sagt Katharina. Dafür nehmen sich die Eltern Zeit. Die Kinder führen Tagebuch. Außerdem halten es die Eltern für wichtig, den Kindern Werte und Tugenden wie Dankbarkeit, Verlässlichkeit, Beharrlichkeit, Aufrichtigkeit, Ehrlichkeit und die zehn Gebote zu vermitteln. Katharina und Johannes sind beide religiös begleitet aufgewachsen. Heute sehen sie die Kirche als Institution kritisch. Angebunden an die Schöpfung und im Gottvertrauen erschaffen und schöpfen sie Leben und Lebensraum aus eigener Kraft – so erklärt es uns Katharina.

Ein weiteres Thema sind die Funktionen des Körpers und wie sich die Kinder gesund erhalten können. Vieles lernen sie dabei in der Physiotherapiepraxis. Die Familie hat das Privileg, in ihrem eigenen Biorhythmus leben zu können. „Das macht sehr viel aus – wir sind alle gesund“, sagt Katharina. Der Lern- und Arbeitstag beginnt nicht vor 9 Uhr und hat eine eigene Struktur. Im Tagesablauf sind feste Verantwortlichkeiten integriert. So wechseln sich die Kinder aller drei Tage mit Tischdecken, Staubsaugen und Geschirrspüler ab. Das hilft ihnen, sich selbst zu organisieren. Das geht nicht immer reibungslos vonstatten. Wenn das Lernpensum beizeiten abgearbeitet wurde, helfen die Kinder im Haushalt oder Garten oder gehen ihrem Bewegungsdrang auf andere Weise nach. Die Eltern sind am Abend noch länger aktiv, denn die Praxis erfordert noch die eine oder andere bürokratische Pflicht. Die Familie ist sehr naturverbunden. Sie gehen viel in den Wald und in den Garten. Sie bauen selbst Gemüse und Obst an. Dabei können die Kinder zum Beispiel Erfahrungen mit Permakultur und natürlicher Düngung sammeln. Die Familie achtet auf die Ernährung, schließlich ist Katharina seit fast 25 Jahren Ernährungsberaterin. Was sie nicht selbst anbauen, wird beim Bauern des Vertrauens eingekauft. Die Jungs können selbst kochen und backen. Die Schädlichkeit von Zucker ist den Kindern schon bewusst geworden, ohne gänzlich auf Schokolade verzichten zu müssen. Medikamente gibt es im Haushalt nicht. Sie kennen sich sehr gut mit den Heilmitteln aus der Natur aus und können so ihre Selbstheilungskräfte aktivieren. Sie haben keinen Hausarzt. Natürlich hat keines der Kinder ein Handy. Bisher haben sie noch kein Verlangen danach. Die Eltern halten es für wichtig, dass die Kinder erst sicher bei Selbstorganisation und Tagesstruktur sind, bevor sie ein Handy bekommen. Katharina weist darauf hin, dass beispielsweise WhatsApp erst ab 16 Jahren zugelassen ist, und fragt sich, ob das andere Eltern wissen.

Gesetze auf Augenhöhe auslegen

Den Behörden blieben die Freilerner nicht verborgen. Sie wurden aktiv und schalteten das Familiengericht ein. Die Familie hatte keinen Anwalt und keine Rechtsschutzversicherung. Katharina erzählt uns, dass sie schließlich auf „Hilfe von oben“ gehofft habe. Irgendwer hat sie anscheinend erhört, denn sie bekamen „einen Engel“ als Verfahrensbeistand. Die Behörden waren sehr zugänglich. In den Gesprächen gab man zu, mit der Schulsituation ebenfalls nicht zufrieden zu sein. „Wir wollen so wie ihr, dass sich etwas verändert. Wir sind an Eurer Seite.“ Die Gespräche mit dem Jugendamt und der Richterin vom Familiengericht Grimma waren immer auf Augenhöhe. Schließlich legte man der Familie keine Steine in den Weg. Damit kann Katharina ihr Konzept nach außen leben und andere inspirieren. Ihre Schlussfolgerung: Eltern müssen sich ihrer Stärken bewusst werden und aus ihrer Angst herauskommen. Das Konzept muss aber zur Familie passen, denn jede Familie ist anders.

Die Basis für freies Lernen ist das Vertrauen der Eltern in ihre Kinder. Denn Kinder sind von Natur aus wissbegierig und wollen lernen. Katharina hat viel von Bertrand Stern und von Riccardo Leppe gelernt. Beiden wurde von ihren Eltern das Lernen ohne Schulbesuch ermöglicht. Mit Bertrand Stern hat Katharina Kontakt. Er wird im November am Buß- und Bettag eine kleine Fortbildung im Therapie- und Seminarzentrum geben. Für den Vorabend ist ein Vortrag geplant. Katharina zitiert Riccardo Leppe: „Es ändert sich nur was, wenn man es selbst tut.“ Er sei sich sicher, dass der Fortschritt beim Freilernen inzwischen so weit ist, dass „die Paste nicht wieder zurück in die Tube geht“.

Der Übergang zur Berufsausbildung

Die ersten Freilernerkinder kommen jetzt in das Alter, in dem sie eine Berufsausbildung beginnen können. Aurelius und Benjamin, die beiden „Großen“, machen seit Anfang des Jahres schon erste Praktika bei ortsansässigen Handwerksbetrieben. Beide Seiten sind sehr zufrieden. Durch die Praktika, die länger dauern als im schulischen Lehrplan vorgesehen, können sich die Kinder ausprobieren. Katharina findet es interessant miterleben zu dürfen, wie auf ihre Kinder reagiert wird. Bringen sie etwas mit, das die anderen nicht haben? Denken sie anders mit? Benjamin bekam schon ein Angebot, in einem Metallbau-Betrieb stundenweise mitzuarbeiten. In den Betrieben weiß man, dass die Abschlüsse der staatlichen Schulen größtenteils das Papier nicht wert sind, auf dem sie stehen. Viele verlassen die Schule und können kaum lesen und schreiben, von Selbstorganisation ganz zu schweigen. Ein Freilerner kann eine staatliche Externen-Prüfung ablegen, um einen Haupt- oder Realschulabschluss zu erwerben. Katharina: „Für eine Ausbildung bei einem privaten Unternehmer braucht man das nicht, allein der Unternehmer entscheidet über die Aufnahme des Auszubildenden“. Außerdem stehen den jungen Leuten Privatschulen oder der zweite Bildungsweg zur Verfügung. Wenn man einen praktischen Beruf ergreift, ist es immer noch möglich, sich bis zur Hochschulreife weiterzubilden. Nach mehrjährigen Tätigkeiten kann man bei den Kammern von Industrie, Handel und Handwerk (IHK und HWK) eine Abschlussprüfung ablegen, mit der man zum Studium zugelassen werden kann. Oder man geht gleich den Weg in die Selbstständigkeit.

Frei lernen weitergedacht

Während der Coronazeit haben sich in Sachsen und speziell um Leipzig herum kleine Freilernergruppen gefunden. Die Gruppen werden aktuell zusammengeführt, um zum Beispiel gemeinsam den Mathematikunterricht zu gestalten. Besonders um Dresden herum ist die Szene noch stärker ausgeprägt. Außerdem gibt es seit mehr als 20 Jahren den Bundesverband Natürlich Lernen (BVNL). Er bietet Beratung und zentrale Veranstaltungen an.

Der Wunsch nach dem freien Lernen ohne Schulzwang ist groß. Doch die meisten Eltern wollen ihre Kinder dafür irgendwo abgeben und nicht selbst unterrichten. Katharinas größter Wunsch ist es, drei bis fünf Elternpaare zu finden, die sich in die Betreuung und Unterrichtung ihrer Kinder teilen. Das größte Hindernis dafür sieht sie in den Eltern selbst. Durch ungelöste transgenerative Konflikte und unverarbeitete Familientraumata kommen sie noch nicht in ihre eigene Kraft für ein selbstbestimmtes Leben. Viele wagen es noch nicht, ihre Erwerbstätigkeit zugunsten der Kinder einzuschränken. Katharina sieht es als große Aufgabe für sich und ihre Familie, mit dem Freilernen das Gemeinschaftsbewusstsein und gute Konfliktlösungsstrategien zu entwickeln. Sie denkt dabei bereits an ihre Enkel. Aber sie weiß auch, dass die Eltern ein sehr hohes Maß an Eigeninitiative, Motivation und Selbstdisziplin aufbringen müssen. Sie würde Eltern, die sich das noch nicht zutrauen, als Traumabegleiterin zur Verfügung stehen, für einen angemessenen Energieausgleich. Diese gegenseitige Unterstützung käme Kindern und Eltern zugute. Ebenso hält sie die Idee der Mehrgenerationenerziehung für wichtig. Dabei profitieren nicht nur die Kinder. Die Erfahrungen der älteren Menschen gehen nicht verloren, sondern werden an die jüngeren Generationen weitergegeben und machen sie resilienter. Das hilft den Eltern, ihrer Erwerbsarbeit nachzugehen und Familientraumata zu bewältigen.

Katharina ist eine starke Frau und sprüht nur so vor Energie. Selbst als wir nach 21 Uhr das Therapiezentrum verlassen, sind ihr die Anstrengungen des Tages nicht anzumerken. Sie wird nicht müde beim Sprechen. Für Fragen zum Thema Freilernen kann man sich an sie wenden.

Der Text wurde zuerst am 27.05.2025 im Blog „Freie Akademie für Medien und Journalismus“ veröffentlicht (https://www.freie-medienakademie.de/medien-plus/lernen-neu-gemacht)

Bildquelle: Salah Darwish, unsplash.com

@ 005bc4de:ef11e1a2

BIP-2,100,000,000,000,000,000

So, you're telling me...

• 21 million bitcoins is out, and...
• 2.1 quadrillion sats is in, except that...
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• 2.1 quadrillion bitcoins is in, except that...
• there are actually millisats, but...
• millisats are out, so...
• millibitcoins are in, so now...
• there are 2.1 quintillion millibitcoins, except that...
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• millibitcoins are out, and now...
• 2.1 quintillion bitcoins are in

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• RoboSats v0.7.7-alpha is now available!

NOTE: "This version of clients is not compatible with older versions of coordinators. Coordinators must upgrade first, make sure you don't upgrade your client while this is marked as pre-release."

• This version brings a new and improved coordinators view with reviews signed both by the robot and the coordinator, adds market price sources in coordinator profiles, shows a correct warning for canceling non-taken orders after a payment attempt, adds Uzbek sum currency, and includes package library updates for coordinators.

Source: RoboSats.

• siggy47 is writing daily RoboSats activity reviews on stacker.news. Check them out here.
• Stay up-to-date with RoboSats on Nostr.

What's new

• New coordinators view (see the picture above).
• Available coordinator reviews signed by both the robot and the coordinator.
• Coordinators now display market price sources in their profiles.

Source: RoboSats.

• Fix for wrong message on cancel button when taking an order. Users are now warned if they try to cancel a non taken order after a payment attempt.
• Uzbek sum currency now available.
• For coordinators: library updates.
• Add docker frontend (#1861).
• Add order review token (#1869).
• Add UZS migration (#1875).
• Fixed tests review (#1878).
• Nostr pubkey for Robot (#1887).

New contributors

• @hexlorn made their first contribution in #1858.
• @umk0m1qk made their first contribution in #1864.

Full Changelog: v0.7.6-alpha...v0.7.7-alpha

GitHub Repo

@ 21810ca8:f2e8341e

Ich bin neu bei Nostr und versuche mich hier rein zu fuchsen. Kann das einer sehen? Und dann habe ich noch viele Fragen

Gibt es gute Marktplätze wie ebay oder ebay kleinanzeigen wo man stink normale dinge und kram von zuhause gegen sat verkaufen kann.

@ 3770c235:16042bcc

** Introduction: The Neon Pulse of Las Vegas
**It’s 2:30 AM on a Tuesday. The Strip hums with laughter, clinking glasses, and the occasional Elvis impersonator. A group of friends stumbles out of a nightclub, squinting under the glow of a Las Vegas billboard that screams, “Hungry? $5 Pancakes → 1 Block Right!” Ten minutes later, they’re drowning their late-night cravings in syrup.

This isn’t luck—it’s Las Vegas billboards doing what they do best: working while the rest of the world sleeps. In a city where the party never stops, these glowing giants are the ultimate salespeople. Let’s dive into why Las Vegas billboards outshine traditional ads and how your business can ride their 24/7 energy wave.

** Why Las Vegas Billboards Never Take a Coffee Break
** 1. Tourists Don’t Have Bedtimes (and Neither Do Billboards)
- 42 million visitors flock to Vegas yearly. They’re sipping margaritas at noon, gambling at midnight, and shopping at 3 AM.
- Las Vegas billboards near hotspots like the Bellagio Fountains or Fremont Street catch eyes round the clock.

Real Story:
A donut shop owner named Luis rented a billboard near the “Welcome to Vegas” sign. His message? “Jet Lagged? Sugar Fix Open 24/7!” Sales tripled—especially between 1 AM and 4 AM.

** 2. You Can’t “Skip” a Billboard
** - Imagine this: You’re stuck in traffic on the Strip. Your phone’s dead. That Las Vegas billboard for air-conditioned massages? It’s your lifeline.
- Compare that to online ads: 47% of people skip them, and TikTok ads vanish in a scroll.

1. Vegas Thrives on Impulse
2. Billboards tap into spontaneous decisions:
3. “Let’s try that rooftop bar!”
4. “Wait, free slot play? Let’s U-turn!”
5. Traditional ads (like radio spots) fade fast. Billboards linger, nudging tourists to act now.

** 5 Reasons Your Business Needs a Vegas Billboard
** 1. Size Matters (And So Does Flash)
- Strip billboards can be taller than a 5-story building.
- Digital screens use LEDs so bright, they’re visible from space.

Pro Tip:
A casino added fake “smoke” effects to their billboard for a Halloween promo. Traffic backed up for selfies—and bookings spiked.

1. No Language Barrier
2. Vegas draws visitors from Tokyo, Berlin, São Paulo...
3. A Las Vegas billboard with a giant cocktail emoji? Universal for “Drinks here!”

Case Study:
A Korean BBQ spot used a billboard of sizzling meat. No words. Just smoke visuals. Tourists followed the “aroma” straight to their door.

1. They’re Always in the Right Place, Right Time
2. 6 AM: Joggers see smoothie ads.
3. 3 PM: Pool partiers spot “Free Margarita” promos.

4. Midnight: Hangover clinics whisper, “We’ve got IVs.”

5. Instant Trust Boost

6. A tiny online ad says “startup.” A glowing billboard says, “We’re Vegas royalty.”

Jake’s Win:
Jake’s tiny magic shop rented a billboard reading, “Real Tricks—Cheaper Than the Casino!” Tourists treated him like David Blaine.

1. QR Codes = Instant Customers
2. “Scan for free parking!” → 1,000 scans in a weekend.
3. “Tap to call a limo” → Rides booked before the light turns green.

** How to Make Your Vegas Billboard Irresistible
** Step 1: Claim Your Territory
- The Strip: Pricey but prime ($15k–$60k/month).
- Fremont Street: Quirky, cheaper ($5k–$20k), packed with partiers.
- Highway 15: Target road-trippers with “Almost There! Cold Beer Ahead!”

Step 2: Keep It Stupid Simple
- Bad: “Experience Culinary Excellence at Our Artisanal Bistro!”
- Good: “24/7 Bacon Pancakes → Exit Here.”

Maria’s Hack:
Maria’s tattoo parlor used a billboard with a flaming skull and three words: “Walk-Ins Welcome.” No phone number. “People just… show up,” she laughs.

Step 3: Track Your Wins (Like a Vegas High Roller)
- QR Codes: “Scan for Free Slot Play!” → Track scans.
- Unique URLs: “Visit VegasPizza24.com” → Monitor traffic.
- Old-School: Count foot traffic. (“Did that bachelor party just roll in from our billboard? Yes.”)

**FAQs ** 1. “How do I even measure if my billboard’s working? It’s not like online ads!”
Answer:
You’re right—it’s not just clicks and likes. But here’s how real businesses track success:
- QR Codes: Add a unique code like “Scan for Free Appetizer!” Track scans.
- Promo Codes: “Mention this billboard for 20% off!” (Works great for Uber drivers: “My passengers blurt it out mid-ride,” says driver Luis M.)
- Foot Traffic Spikes: Note sales surges after your ad goes live. A dispensary saw a 60% bump in visits after their “We’re Closer Than the Casino!” billboard.
- Social Media Tags: Encourage selfies with your billboard. A retro motel offered a free pool pass for tagged photos. Their Instagram exploded.

1. “Aren’t billboards old-school? My Gen Z customers live on TikTok!”
   Answer:
   Billboards in Vegas are anything but old-school. Here’s why:
2. Hybrid Campaigns: Pair billboards with geofenced mobile ads. Example: A billboard for a pool party says, “Scan to Pre-Order Drinks.” Users nearby get a TikTok-style ad on their phone.
3. Instagrammable Designs: Quirky billboards go viral. The “Welcome to Vegas” sign is the most Instagrammed spot in the city. Mimic that vibe!
4. Influencer Collabs: Pay a Vegas influencer to pose with your billboard. Their followers will hunt it down like a scavenger hunt.

Real Story:
A vintage clothing store’s billboard (“Find Your Retro Vibe → 2 Blocks East”) became a TikTok trend after a local influencer did a “thrift haul” video there.

** 3. “What’s the biggest mistake businesses make with Vegas billboards?”
** Answer:
Trying to cram in too much info! Drivers have 5–7 seconds to read your ad. Avoid:
- Text Overload: “Grand Opening! 50% Off! Open 24/7! Call Now!” → Too much!
- Bland Designs: Gray text on a gray background? Yawn.
- Ignoring Locals: Tourists are 70% of viewers, but locals matter too. A gym’s billboard said, “Tired of Tourists? Work Out in Peace.” Memberships spiked.

Fix It:
- Use 7 words max.
- Bold colors (red, yellow, neon pink).
- Add a clear call to action: “Turn Right Now!” or “Scan for Free Parking.”

1. “Do I need a permit? What if my ad gets rejected?”
   Answer:
   Yep, permits are a thing. The city bans:
2. Flashing Lights Near Residences: No strobes in suburban areas.
3. Certain Content: No swear words, adult themes, or political fights.

How to Avoid Rejection:
- Work with local Outdoor Advertising companies—they know the rules.
- Submit designs early. One pizza joint’s ad was flagged for a pepperoni slice deemed “too suggestive.” They swapped it to a cheese pull… and it got approved.

Conclusion: Let Your Business Shine All Night Long
At 5 AM, as the sun peeks over the desert, the Las Vegas billboards keep glowing. They’ve sold midnight pancakes, inspired shotgun weddings, and even talked someone out of a questionable tattoo (“Wait! Our Parlor’s Better → Next Exit”).

These aren’t just ads—they’re part of Vegas’ heartbeat. So whether you’re slinging sushi, massages, or monster truck rides, remember: In a city that never sleeps, your billboard shouldn’t either.

Ready to Light Up the Night?
Find Las Vegas billboards near you today. And if you spot one that says, “Free High-Fives for Readers of This Article,” honk twice. It’s probably yours.

@ 6e0ea5d6:0327f353

Ascolta bene! It is more dignified to thirst alone in the desert than to share wine with someone who has no thirst for conquest.

On the silent path to success, it’s not the declared enemies who slow the march, but rather the friends. Not the noble or loyal ones, but the failures—those who carry a dull glint in their eyes, chronic laziness in their spirit, and the eternal excuse of bad luck in their pockets. Friendship, when poorly chosen, becomes a polished anchor, tied to your ankle with ropes named camaraderie.

Nothing weighs heavier on the journey than having to endure the failed and envious around you. It is a kind of emotional parasitism that begins with empathy and ends in stagnation. Those who live among the weak will crawl. Those who keep company with miserable friends, instead of striving to prosper, learn to curse wealth—not out of ethics, but out of envy. Mediocrity, my friend, is contagious. And it does not take root suddenly, but like a silent epidemic.

Ambition—that fire that burns in the bones of great men—will always seem like arrogance to the ears of the failed. Those who have never built anything, except arguments to justify their paralysis, will never understand the fury of someone born to conquer. And so, with smiles, they spit venom: “Calm down,” they say, “be content,” they advise. Hypocrites. What they call humility is nothing more than resignation to their own defeat.

To walk alone, with hunger and honor, is worth more than feasting at lavish tables at the cost of your own sweat, surrounded by parasites who toast your downfall with glasses full of praise. No one prospers where the conversation is filled with complaints, criticism, and envy. What does not build up, corrodes.

The rust of the weak is invisible at first—a bitter joke here, a veiled critique there. And before you know it, the structure is already rotten. Of the friendship, only the weight remains. Of the relationship, only exhaustion. The true enemy of success is the company of those who have failed and wish for you the same fate. These tragic figures—always tired, always victims—are masters of collective self-sabotage.

Feel no remorse in abandoning those who build nothing and consume everything. And in that abandonment, you become freer, stronger, and unbreakable.

Thank you for reading, my friend!

If this message resonated with you, consider leaving your "🥃" as a token of appreciation.

A toast to our family!

@ 1d7ff02a:d042b5be

For those who still don't truly understand Bitcoin, it means you still don't understand what money is, who creates it, and why humans need money.

It's a scam that the education system doesn't teach this important subject, while we spend almost our entire lives trying to earn money. Therefore, I recommend following the money and studying Bitcoin seriously.

Why Bitcoin Matters

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Money is the greatest creation in human history

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The education system has deceived us greatly. They teach us to work for money, but never teach us what money is. We spend 12-16 years in school, then spend our entire lives earning money, but never know what it is, who creates it, and why it has value. This is the biggest scam in human history.

We are taught to be slaves of the system, but not taught to understand the system.

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All the answers lie in understanding money and Bitcoin.

Studying Bitcoin is not just about investment — it's about understanding the future of currency and human society.

Don't just work for money. Understand money. Study Bitcoin.

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@ 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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

This update brings key enhancements for clarity and usability:

• Recent Blocks View: Added to the Send tab and inspired by Mempool's visualization, it displays the last 2 blocks and the estimated next block to help choose fee rates.
• Camera System Overhaul: Features a new library for higher resolution detection and mouse-scroll zoom support when available.
• Vector-Based Images: All app images are now vectorized and theme-aware, enhancing contrast, especially in dark mode.
• Tor & P2A Updates: Upgraded internal Tor and improved support for pay-to-anchor (P2A) outputs.
• Linux Package Rename: For Linux users, Sparrow has been renamed to sparrowwallet (or sparrowserver); in some cases, the original sparrow package may need manual removal.
• Additional updates include showing total payments in multi-payment transaction diagrams, better handling of long labels, and other UI enhancements.

• Sparrow v2.2.1 is a bug fix release that addresses missing UUID issue when starting Tor on recent macOS versions, icons for external sources in Settings and Recent Blocks view, repackaged .deb installs to use older gzip instead of zstd compression, and removed display of median fee rate where fee rates source is set to Server.

Learn how to get started with Sparrow wallet:

Release notes (v2.2.0)

• Added Recent Blocks view to Send tab.
• Converted all bitmapped images to theme aware SVG format for all wallet models and dialogs.
• Support send and display of pay to anchor (P2A) outputs.
• Renamed sparrow package to sparrowwallet and sparrowserver on Linux.
• Switched camera library to openpnp-capture.
• Support FHD (1920 x 1080) and UHD4k (3840 x 2160) capture resolutions.
• Support camera zoom with mouse scroll where possible.
• In the Download Verifier, prefer verifying the dropped file over the default file where the file is not in the manifest.
• Show a warning (with an option to disable the check) when importing a wallet with a derivation path matching another script type.
• In Cormorant, avoid calling the listwalletdir RPC on initialization due to a potentially slow response on Windows.
• Avoid server address resolution for public servers.
• Assume server address is non local for resolution failures where a proxy is configured.
• Added a tooltip to indicate truncated labels in table cells.
• Dynamically truncate input and output labels in the tree on a transaction tab, and add tooltips if necessary.
• Improved tooltips for wallet tabs and transaction diagrams with long labels.
• Show the address where available on input and output tooltips in transaction tab tree.
• Show the total amount sent in payments in the transaction diagram when constructing multiple payment transactions.
• Reset preferred table column widths on adjustment to improve handling after window resizing.
• Added accessible text to improve screen reader navigation on seed entry.
• Made Wallet Summary table grow horizontally with dialog sizing.
• Reduced tooltip show delay to 200ms.
• Show transaction diagram fee percentage as less than 0.01% rather than 0.00%.
• Optimized and reduced Electrum server RPC calls.
• Upgraded Bouncy Castle, PGPainless and Logback libraries.
• Upgraded internal Tor to v0.4.8.16.
• Bug fix: Fixed issue with random ordering of keystore origins on labels import.
• Bug fix: Fixed non-zero account script type detection when signing a message on Trezor devices.
• Bug fix: Fixed issue parsing remote Coldcard xpub encoded on a different network.
• Bug fix: Fixed inclusion of fees on wallet label exports.
• Bug fix: Increase Trezor device libusb timeout.

Linux users: Note that the sparrow package has been renamed to sparrowwallet or sparrowserver, and in some cases you may need to manually uninstall the original sparrow package. Look in the /opt folder to ensure you have the new name, and the original is removed.

What's new in v2.2.1

• Updated Tor library to fix missing UUID issue when starting Tor on recent macOS versions.
• Repackaged .deb installs to use older gzip instead of zstd compression.
• Removed display of median fee rate where fee rates source is set to Server.
• Added icons for external sources in Settings and Recent Blocks view
• Bug fix: Fixed issue in Recent Blocks view when switching fee rates source
• Bug fix: Fixed NPE on null fee returned from server

Announcement / Archive
GitHub Repo

@ dfa02707:41ca50e3

Headlines

• Spiral renews support for Dan Gould and Joschisan. The organization has renewed support for Dan Gould, who is developing the Payjoin Dev Kit (PDK), and Joschisan, a Fedimint developer focused on simplifying federations.
• Metaplanet buys another 145 BTC. The Tokyo-listed company has purchased an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
• Semler Scientific has increased its bitcoin holdings to 3,303 BTC. The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a press release.
• The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya. The new legislation aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
• Russian government to launch a cryptocurrency exchange. The country's Ministry of Finance and Central Bank announced plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
• All virtual asset service providers expect to be fully compliant with the Travel Rule by the end of 2025. A survey by financial surveillance specialist Notabene reveals that 90% of virtual asset service providers (VASPs) expect full Travel Rule compliance by mid-2025, with all aiming for compliance by year-end. The survey also shows a significant rise in VASPs blocking withdrawals until beneficiary information is confirmed, increasing from 2.9% in 2024 to 15.4% now. Additionally, about 20% of VASPs return deposits if originator data is missing.
• UN claims Bitcoin mining is a "powerful tool" for money laundering. The Rage's analysis suggests that the recent United Nations Office on Drugs and Crime report on crime in South-East Asia makes little sense and hints at the potential introduction of Anti-Money Laundering (AML) measures at the mining level.
• Riot Platforms has obtained a $100 million credit facility from Coinbase Credit, using bitcoin as collateral for short-term funding to support its expansion. The firm's CEO, Jason Les, stated that this facility is crucial for diversifying financing sources and driving long-term stockholder value through strategic growth initiatives.
• Bitdeer raises $179M in loans and equity amid Bitcoin chip push. The Miner Mag reports that Bitdeer entered into a loan agreement with its affiliate Matrixport for up to $200 million in April, as disclosed in its annual report filed on Monday.
• Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.' The U.S. Federal Reserve withdrew guidance that discouraged banks from crypto and stablecoin activities, as announced by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.

"As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.

• UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing. The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, per Bitcoin Magazine.
• U.S. 'crypto' scam losses amounted to $9.3B in 2024. The US The Federal Bureau of Investigation (FBI) has reported $9.3 billion losses in cryptocurrency-related scams in 2024, noting a troubling trend of scams targeting older Americans, which accounted for over $2.8 billion of those losses.

Source: FBI.

• North Korean hackers establish fake companies to target 'crypto' developers. Silent Push researchers reported that hackers linked to the Lazarus Group created three shell companies, two of which are based in the U.S., with the objective of spreading malware through deceptive job interview scams aimed at individuals seeking jobs in cryptocurrency companies.
• Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge utilizes the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
• Hesperides University offers a Master’s degree in Bitcoin. Bitcoin Magazine reports the launch of the first-ever Spanish-language Master’s program dedicated exclusively to Bitcoin. Starting April 28, 2025, this fully online program will equip professionals with technical, economic, legal, and philosophical skills to excel in the Bitcoin era.
• BTC in D.C. event is set to take place on September 30 - October 1 in Washington, D.C. Learn more about this initiative here.

Use the tools

• Bitcoin Keeper just got a new look. Version 2.2.0 of the mobile multisig app brought a new branding design, along with a Keeper Private tier, testnet support, ability to import and export BIP-329 labels, and the option to use a Server Key with multiple users.
  • Earlier this month the project also announced Keeper Learn service, offering clear and guided Bitcoin learning sessions for both groups and individuals.
• Keeper Desktop v0.2.2, a companion desktop app for Bitcoin Keeper mobile app, received a renewed branding update, too.

The evolution of Bitcoin Keeper logo. Source: BitHyve blog.

• Blockstream Green Desktop v2.0.25 updates GDK to v0.75.1 and fixes amount parsing issues when switching from fiat denomination to Liquid asset.
• Lightning Loop v0.31.0-beta enhances the loop listswaps command by improving the ability to filter the response.
• Lightning-kmp v1.10.0, an implementation of the Lightning Network in Kotlin, is now available.
• LND v0.19.0-beta.rc3, the latest beta release candidate of LND is now ready for testing.
• ZEUS v0.11.0-alpha2 is now available for testing, too. It's nuts.
• JoinMarket Fidelity Bond Simulator helps potential JoinMarket makers evaluate their competitive position in the market based on fidelity bonds.
• UTXOscope is a text-only Bitcoin blockchain analysis tool that visualizes price dynamics using only on-chain data. The

@ 502ab02a:a2860397

ยังมีอีกสิ่งหนึ่งที่มักซ่อนอยู่ในเมล็ดธัญพืช ถั่วเปลือกแข็ง และพืชตระกูลถั่วทั้งหลาย เป็นเหมือน “กล่องเก็บขุมทรัพย์” สำหรับชีวิตน้อยๆ ของพืชในวันที่จะเติบโต แต่พอสิ่งนี้หลุดเข้ามาในร่างกายมนุษย์ มันกลับถูกมองว่าเป็น “ขโมย” ขโมยแร่ธาตุไปจากร่างกายเรา เจ้าสิ่งนั้นคือ “กรดไฟติก” หรือ phytic acid นั่นเองครับ

กรดไฟติกเป็นสารอินทรีย์ที่พืชสร้างขึ้นเพื่อเก็บสะสมฟอสฟอรัสไว้ใช้ตอนงอกงามในอนาคต มันเปรียบเหมือนกระปุกออมสินของเมล็ดพืช พวกเมล็ดถั่วดำ ข้าวโพด ข้าวกล้อง ข้าวโอ๊ต เมล็ดทานตะวัน อัลมอนด์ ไปจนถึงเต้าหู้ ถั่วเหลือง และธัญพืชต่างๆ ล้วนมีกรดไฟติกอยู่ไม่น้อย โดยเฉพาะถ้าเป็น “ธัญพืชเต็มเมล็ด” ที่ไม่ผ่านการขัดสีแบบที่หลายๆคนชอบ นั่นเพราะเยื่อหุ้มเมล็ดคือที่เก็บเจ้าตัวนี้ไว้

หลายคนคงคิดว่า อ้าวแล้วเจ้ากรดไฟติกทำไมถึงมีชื่อเสียงไม่ค่อยดีนัก? คำตอบอยู่ที่ “ความสามารถในการจับแร่ธาตุ” ของมันนี่แหละครับ

กรดไฟติกเป็นเหมือนแม่เหล็กเล็กๆ ที่สามารถจับตัวกับแร่ธาตุต่างๆ ได้ดี โดยเฉพาะ “แร่ธาตุบวกสอง” ทั้งหลาย แร่ธาตุบวกสอง คือ แร่ธาตุที่เวลาอยู่ในร่างกายจะอยู่ในรูปของไอออนที่มีประจุไฟฟ้า บวก 2 (เขียนว่า ²⁺) หรือพูดอีกแบบคือ มันเสียอิเล็กตรอนออกไป 2 ตัว เลยกลายเป็นไอออนที่มีพลังบวก 2 หน่วย กรดไฟติก หรือ แทนนิน จะทำตัวเป็น "แม่เหล็ก" ดูดแร่ธาตุออกไป มันมักจะจับกับแร่ธาตุที่มีประจุบวก โดยเฉพาะพวกที่ประจุบวกแรงๆ แบบ บวกสอง (²⁺) นี่แหละ เพราะจับแน่น จับเหนียว ยิ่งบวกเยอะยิ่งจับดี เหมือนแช่แม่เหล็กลงไปในกล่องโลหะ เช่น ธาตุเหล็ก สังกะสี แมกนีเซียม แคลเซียม และทองแดง พอมันจับเสร็จแล้ว ร่างกายเราก็ไม่สามารถดูดซึมแร่ธาตุพวกนี้เข้าไปได้ เพราะมันเปลี่ยนสภาพกลายเป็นของจับคู่ที่ลำไส้ไม่รู้จัก ไม่รู้จะพาเข้าร่างกายยังไง สุดท้ายก็ต้องโบกมือลาไปพร้อมของเสีย

พวกที่เป็น บวกสาม (³⁺) อย่างเช่น อลูมิเนียม (Al³⁺) หรือ เหล็กเฟอริก (Fe³⁺) จะจับแน่นมาก ถึงขั้นอาจเกิด “ตกตะกอน” แบบไม่ละลายน้ำเลยทีเดียว พวกนี้ลำไส้ไม่สามารถดูดซึมได้เลย ในขณะที่แร่ธาตุบวกหนึ่ง โซเดียม (Na⁺) โพแทสเซียม (K⁺) ประจุบวกแค่ +1 จับกับกรดไฟติกได้น้อยกว่า

ในแง่นี้กรดไฟติกเลยถูกเรียกว่า “สารต้านสารอาหาร” หรือ anti-nutrient เพราะมันต้านไม่ให้ร่างกายได้แร่ธาตุที่ควรจะได้ แต่อย่าเพิ่งตัดสินมันเหมือนผู้ร้าย เพราะในขณะที่กรดไฟติกอาจขโมยแร่ธาตุบางตัวจากร่างกาย มันก็มีคุณสมบัติน่าสนใจที่ดูจะเป็นคุณงามความดีของมันเหมือนกัน เช่น มันสามารถจับกับโลหะหนักบางชนิด เช่น ตะกั่ว หรือแคดเมียม ที่อาจปนเปื้อนในอาหาร แล้วพาออกไปจากร่างกายก่อนที่สิ่งเหล่านั้นจะทำร้ายเรา

และอีกด้านหนึ่งที่กำลังเป็นที่สนใจคือ ฤทธิ์ต้านอนุมูลอิสระของกรดไฟติก มันอาจช่วยลดการอักเสบ หรือยับยั้งการเติบโตของเซลล์มะเร็งบางชนิดในระดับเซลล์ได้ มีงานวิจัยที่พบว่ามันอาจไปจับกับธาตุเหล็กส่วนเกินที่ว่ายอยู่ในเลือด ซึ่งเป็นตัวเร่งปฏิกิริยาอนุมูลอิสระ คล้ายช่วย “เก็บเศษเหล็กที่ลอยไปมาบนทางด่วนหลอดเลือด” ให้ปลอดภัยขึ้นอีกนิด

แต่ทั้งนี้ทั้งนั้น อยากให้คิดแบบนี้ครับว่า กรดไฟติกคือคนแปลกหน้าที่ “บางมื้อก็มีประโยชน์ บางมื้อก็ทำให้เราขาดของดี” สิ่งสำคัญอยู่ที่ “สภาวะแวดล้อมของมื้ออาหาร” ถ้าอาหารในมื้อมีแร่ธาตุไม่มากนัก แล้วกรดไฟติกเข้ามาเยอะ มันก็ยิ่งลดโอกาสดูดซึมแร่ธาตุเหล่านั้น แต่ถ้ามื้ออาหารมีความหลากหลาย โปรตีนเพียงพอ วิตามิน C อยู่ครบ ก็ช่วยเพิ่มการดูดซึมธาตุเหล็กได้ดีขึ้น เพราะมันเปลี่ยนเหล็กให้อยู่ในรูปแบบที่ร่างกายดูดซึมง่ายขึ้น

แล้วเราจะจัดการยังไงกับกรดไฟติกในครัวแบบบ้านเรา?

วิธีพื้นบ้านมีมาแต่โบราณแล้วนั่นคือ -แช่น้ำ ก่อนหุงข้าวกล้อง หรือแช่ถั่วก่อนนำไปต้ม จะช่วยลดกรดไฟติกได้ระดับหนึ่ง เพราะมีเอนไซม์ที่ชื่อว่า phytase ซึ่งจะเริ่มทำงานเมื่อพืชได้รับน้ำและอุณหภูมิพอเหมาะ -การหมัก เช่น หมักแป้งข้าวเปลือกทำขนม หรือการหมักเต้าหู้ ก็เป็นวิธีดั้งเดิมที่ช่วยลดกรดไฟติกลงได้มาก เพราะเอนไซม์ของจุลินทรีย์ในกระบวนการหมักจะช่วยย่อยกรดไฟติกให้ลดลง -การงอก หรือ sprouting คือการทำให้เมล็ดพืชเริ่มต้นชีวิตใหม่ เช่น ถั่วงอก ข้าวกล้องงอก วิธีนี้ลดกรดไฟติกได้ดีมาก เพราะ phytase ที่อยู่ในพืชจะถูกกระตุ้นให้ทำงานสูงสุดตอนพืชเริ่มงอก

ข้อมูลคร่าวๆ บอกว่า วิธีเหล่านี้อาจลดกรดไฟติกลงได้ 30-90% ขึ้นกับชนิดของพืช และระยะเวลาที่ใช้

แต่ต้องรู้ไว้ด้วยว่า… การลดกรดไฟติกก็อาจทำให้พลังงานสำรองหรือสารอาหารบางตัวในพืชหายไปด้วยเช่นกัน เช่น วิตามิน B และสารต้านอนุมูลอิสระบางชนิด จึงควรใช้วิธีที่พอเหมาะ ไม่ถึงกับฆ่าความดีของพืชหมด

ดังนั้นเช่นกันครับว่า กรดไฟติกไม่ใช่ศัตรู ไม่ใช่เทพเจ้า แต่คือ “สมการ” ที่ต้องรู้จักแก้ไขให้เหมาะกับมื้ออาหารของเรา ถ้าเฮียเลือกกินแบบ animal-based อยู่แล้ว แร่ธาตุสำคัญส่วนใหญ่ก็ได้จากเนื้อสัตว์แบบที่ดูดซึมได้ดีอยู่แล้ว กรดไฟติกจากพืชที่กินพอประมาณก็อาจไม่ได้ร้ายแรงอะไรนัก เพียงแต่ต้องรู้ทันและจัดการให้พอดี ไม่ให้มันกลายเป็นตัวฉุดไม่ให้ร่างกายดูดซึมของดี

สุดท้าย เหมือนชีวิตเรานี่แหละ… “ทุกอย่างมีมุมมืดและมุมสว่าง อยู่ที่ว่าเราจัดแสงยังไงให้แม้แต่เงาก็กลายเป็นพลังของชีวิตเรา” #โรงบ่มสุขภาพ #HealthyHut #pirateketo #ตำรับเอ๋ #siripun #siamstr

/เฮียเอง

@ 9cb3545c:2ff47bca

Introduction

Public companies that hold Bitcoin on behalf of investors (often issuing securities backed by those Bitcoin holdings) have faced growing pressure to demonstrate proof of reserves – evidence that they genuinely hold the cryptocurrency they claim. One approach is to publish the company’s Bitcoin wallet addresses so that anyone can verify the balances on the blockchain. This practice gained momentum after high-profile crypto collapses (e.g. FTX in 2022) eroded trust, leading major exchanges and fund issuers like Binance, Kraken, OKX, and Bitwise to publicize wallet addresses as proof of assets . The goal is transparency and reassurance for investors. However, making wallet addresses public comes with significant security and privacy risks. This report examines those risks – from cybersecurity threats and blockchain tracing to regulatory and reputational implications – and weighs them against the transparency benefits of on-chain proof of reserves.

Proof of Reserves via Public Wallet Addresses

In the cryptocurrency ethos of “don’t trust – verify,” on-chain proof of reserves is seen as a powerful tool. By disclosing wallet addresses (or cryptographic attestations of balances), a company lets investors and analysts independently verify that the Bitcoin reserves exist on-chain. For example, some firms have dashboards showing their addresses and balances in real time . In theory, this transparency builds trust by proving assets are not being misreported or misused. Shareholders gain confidence that the company’s Bitcoin holdings are intact, potentially preventing fraud or mismanagement.

Yet this approach essentially sacrifices the pseudonymity of blockchain transactions. Publishing a wallet address ties a large, known institution to specific on-chain funds. While Bitcoin addresses are public by design, most companies treat their specific addresses as sensitive information. Public proof-of-reserve disclosures break that anonymity, raising several concerns as detailed below.

Cybersecurity Threats from Visible Wallet Balances

Revealing a wallet address with a large balance can make a company a prime target for hackers and cybercriminals. Knowing exactly where significant reserves are held gives attackers a clear blueprint. As Bitcoin advocate (and MicroStrategy Executive Chairman) Michael Saylor warned in 2025, “publicly known wallet addresses become prime targets for malicious actors. Knowing where significant reserves are held provides hackers with a clear target, potentially increasing the risk of sophisticated attacks” . In other words, publishing the address increases the attack surface – attackers might intensify phishing campaigns, malware deployment, or insider bribery aimed at obtaining the keys or access to those wallets.

Even if the wallets are secured in cold storage, a public address advertisement may encourage attempts to penetrate the organization’s security. Custodians and partners could also be targeted. Saylor noted that this exposure isn’t just risky for the company holding the Bitcoin; it can indirectly put their custodial providers and related exchanges at risk as well . For instance, if a third-party custodian manages the wallets, hackers might attempt to breach that custodian knowing the reward (the company’s Bitcoin) is great.

Companies themselves have acknowledged these dangers. Grayscale Investments, which runs the large Grayscale Bitcoin Trust (GBTC), pointedly refused to publish its wallet addresses in late 2022, citing “security concerns” and complex custody arrangements that have “kept our investors’ assets safe for years” . Grayscale implied that revealing on-chain addresses could undermine those security measures, and it chose not to “circumvent complex security arrangements” just to appease public demand . This highlights a key point: corporate treasury security protocols often assume wallet details remain confidential. Publicizing them could invalidate certain assumptions (for example, if an address was meant to be operationally secret, it can no longer serve that role once exposed).

Additionally, a publicly known trove of cryptocurrency might invite physical security threats. While not a purely “cyber” issue, if criminals know a particular company or facility controls a wallet with, say, thousands of Bitcoin, it could lead to threats against personnel (extortion or coercion to obtain keys). This is a less common scenario for large institutions (which typically have robust physical security), but smaller companies or key individuals could face elevated personal risk by being associated with huge visible crypto reserves.

In summary, cybersecurity experts consider public proof-of-reserve addresses a double-edged sword: transparency comes at the cost of advertising exactly where a fortune is held. As Saylor bluntly put it, “the conventional way of issuing proof of reserves today is actually insecure… This method undermines the security of the issuer, the custodian, the exchanges and the investors. This is not a good idea”  . From a pure security standpoint, broadcasting your wallets is akin to drawing a bullseye on them.

Privacy Risks: Address Clustering and Blockchain Tracing

Blockchain data is public, so publishing addresses opens the door to unwanted analytics and loss of privacy for the business. Even without knowing the private keys, analysts can scrutinize every transaction in and out of those addresses. This enables address clustering – linking together addresses that interact – and other forms of blockchain forensics that can reveal sensitive information about the company’s activities.

One immediate risk is that observers can track the company’s transaction patterns. For example, if the company moves Bitcoin from its reserve address to an exchange or to another address, that move is visible in real time. Competitors, investors, or even attackers could deduce strategic information: perhaps the company is planning to sell (if coins go to an exchange wallet) or is reallocating funds. A known institution’s on-chain movements can thus “reveal strategic movements or holdings”, eroding the company’s operational privacy . In a volatile market, advance knowledge of a large buy or sell by a major player could even be exploited by others (front-running the market, etc.).

Publishing one or a few static addresses also violates a basic privacy principle of Bitcoin: address reuse. Best practice in Bitcoin is to use a fresh address for each transaction to avoid linking them  . If a company continuously uses the same “proof of reserve” address, all counterparties sending funds to or receiving funds from that address become visible. Observers could map out the company’s business relationships or vendors by analyzing counterparties. A Reddit user commenting on an ETF that published a single address noted that “reusing a single address for this makes me question their risk management… There are much better and more privacy-preserving ways to prove reserves… without throwing everything in a single public address” . In other words, a naive implementation of proof-of-reserve (one big address) maximizes privacy leakage.

Even if multiple addresses are used, if they are all disclosed, one can perform clustering analysis to find connections. This happened in the Grayscale case: although Grayscale would not confirm any addresses, community analysts traced and identified 432 addresses likely belonging to GBTC’s custodial holdings by following on-chain traces from known intermediary accounts . They managed to attribute roughly 317,705 BTC (about half of GBTC’s holdings) to those addresses . This demonstrates that even partial information can enable clustering – and if the company directly published addresses, the task becomes even easier to map the entirety of its on-chain asset base.

Another threat vector is “dusting” attacks, which become more feasible when an address is publicly known. In a dusting attack, an adversary sends a tiny amount of cryptocurrency (dust) to a target address. The dust itself is harmless, but if the target address ever spends that dust together with other funds, it can cryptographically link the target address to other addresses in the same wallet. Blockchain security researchers note that “with UTXO-based assets, an attacker could distribute dust to an address to reveal the owner’s other addresses by tracking the dust’s movement… If the owner unknowingly combines this dust with their funds in a transaction, the attacker can… link multiple addresses to a single owner”, compromising privacy . A company that publishes a list of reserve addresses could be systematically dusted by malicious actors attempting to map out all addresses under the company’s control. This could unmask cold wallet addresses that the company never intended to publicize, further eroding its privacy and security.

Investor confidentiality is another subtle concern. If the business model involves individual investor accounts or contributions (for instance, a trust where investors can deposit or withdraw Bitcoin), public addresses might expose those movements. An outside observer might not know which investor corresponds to a transaction, but unusual inflows/outflows could signal actions by big clients. In extreme cases, if an investor’s own wallet is known (say a large investor announces their involvement), one might link that to transactions in the company’s reserve addresses. This could inadvertently reveal an investor’s activities or holdings, breaching expectations of confidentiality. Even absent direct identification, some investors might simply be uncomfortable with their transactions being part of a publicly traceable ledger tied to the company.

In summary, publishing reserve addresses facilitates blockchain tracing that can pierce the veil of business privacy. It hands analysts the keys to observe how funds move, potentially exposing operational strategies, counterparties, and internal processes. As one industry publication noted, linking a large known institution to specific addresses can compromise privacy and reveal more than intended . Companies must consider whether they are ready for that level of transparency into their every on-chain move.

Regulatory and Compliance Implications

From a regulatory perspective, wallet address disclosure lies in uncharted territory, but it raises several flags. First and foremost is the issue of incomplete information: A wallet address only shows assets, not the company’s liabilities or other obligations. Regulators worry that touting on-chain holdings could give a false sense of security. The U.S. Securities and Exchange Commission (SEC) has cautioned investors to “not place too much confidence in the mere fact a company says it’s got a proof-of-reserves”, noting that such reports “lack sufficient information” for stakeholders to ascertain if liabilities can be met . In other words, a public company might show a big Bitcoin address balance, but if it has debts or customer liabilities of equal or greater value, the proof-of-reserve alone is “not necessarily an indicator that the company is in a good financial position” .

This regulatory stance implies that address disclosure, if done, must be paired with proper context. A public company would likely need to clarify in its financial statements or investor communications that on-chain reserves are unencumbered (not pledged as loan collateral, not already sold forward, etc.) and that total liabilities are accounted for. Otherwise, there’s a risk of misleading investors, which could have legal consequences. For example, if investors interpret the on-chain balance as proof of solvency but the company actually had leveraged those bitcoins for loans, lawsuits or regulatory enforcement could follow for misrepresentation.

There’s also a compliance burden associated with revealing addresses. Once an address is known to be the company’s, that company effectively must monitor all transactions related to it. If someone sends funds to that address (even without permission), the company might receive tainted coins (from hacked sources or sanctioned entities). This could trigger anti-money laundering (AML) red flags. Normally, compliance teams can ignore random deposits to unknown wallets, but they cannot ignore something sent into their publicly identified corporate wallet. Even a tiny dust amount sent from a blacklisted address could complicate compliance – for instance, the company would need to prove it has no relation to the sender and perhaps even avoid moving those tainted outputs. Being in the open increases such exposure. Threat actors might even exploit this by “poisoning” a company’s address with unwanted transactions, just to create regulatory headaches or reputational smears.

Another consideration is that custodial agreements and internal risk controls might forbid public disclosure of addresses. Many public companies use third-party custodians for their Bitcoin (for example, Coinbase Custody, BitGo, etc.). These custodians often treat wallet details as confidential for security. Grayscale noted that its Bitcoin are custodied on Coinbase and implied that revealing on-chain info would interfere with security arrangements  . It’s possible that some custodians would object to their clients broadcasting addresses, or might require additional assurances. A company going against such advice might be seen as negligent if something went wrong.

Regulators have so far not mandated on-chain proofs for public companies – in fact, recent laws have exempted public companies from proof-of-reserve mandates on the assumption they are already subject to rigorous SEC reporting. For example, a Texas bill in 2023 required crypto exchanges and custodians to provide quarterly proof-of-reserves to the state, but it “specifically carved out public reporting companies” since they already file audited financials with the SEC . The rationale was that between SEC filings and audits, public companies have oversight that private crypto firms lack . However, this also highlights a gap: even audited financials might not verify 100% of crypto assets (auditors often sample balances). Some observers noted that standard audits “may not ever include the 100% custodial asset testing contemplated by proof of reserves”, especially since quarterly SEC filings (10-Q) are often not audited . This puts public companies in a nuanced position – they are trusted to use traditional audits and internal controls, but the onus is on them if they choose to add extra transparency like on-chain proofs.

Finally, securities regulators focus on fair disclosure and accuracy. If a company publicly posts addresses, those essentially become investor disclosures subject to anti-fraud rules. The firm must keep them up to date and accurate. Any mistake (such as publishing a wrong address or failing to mention that some coins are locked up or lent out) could attract regulatory scrutiny for being misleading. In contrast, a formal audit or certification from a third-party comes with standards and disclaimers that are better understood by regulators. A self-published wallet list is an unprecedented form of disclosure that regulators haven’t fully vetted – meaning the company bears the risk if something is misinterpreted.

In summary, wallet address disclosure as proof-of-reserve must be handled very carefully to avoid regulatory pitfalls. The SEC and others have warned that on-chain assets alone don’t tell the whole story . Public companies would need to integrate such proofs with their official reporting in a responsible way – otherwise they risk confusion or even regulatory backlash for giving a false sense of security.

Reputational and Operational Risks

While transparency is meant to enhance reputation, in practice public wallet disclosures can create new reputational vulnerabilities. Once an address is public, a company’s every on-chain action is under the microscope of the crypto community and media. Any anomaly or perceived misstep can snowball into public relations problems.

One vivid example occurred with Crypto.com in late 2022. After the exchange published its cold wallet addresses to prove reserves (a move prompted by the FTX collapse), on-chain analysts quickly noticed a “suspicious transfer of 320,000 ETH” – about 82% of Crypto.com’s Ether reserves – moving from their cold wallet to another exchange (Gate.io)  . This large, unexpected transfer sparked immediate panic and FUD (fear, uncertainty, and doubt) on social media. Observers speculated that Crypto.com might be insolvent or was manipulating snapshots of reserves by borrowing funds. The CEO had to publicly respond, admitting it was an operational error – the ETH was supposed to go to a new cold storage address but ended up at a whitelisted external address by mistake . The funds were eventually returned, but not before reputational damage was done: the incident made headlines about mishandled funds and rattled user confidence  . This case illustrates how full public visibility can turn an internal slip-up into a highly public crisis. If the addresses had not been public, the mistake might have been quietly corrected; with on-chain transparency, there was nowhere to hide and no way to control the narrative before the public drew worst-case conclusions.

Even routine operations can be misinterpreted. Blockchain data lacks context – analysts may jump to conclusions that hurt a company’s reputation even if nothing is actually wrong. For instance, Binance (the world’s largest crypto exchange) encountered scrutiny when on-chain observers noted that one of its reserve wallets (labeled “Binance 8”) contained far more assets than it should have. This wallet was meant to hold collateral for Binance’s issued tokens, but held an excess balance, suggesting possible commingling of customer funds with collateral  . Bloomberg and others reported a ~$12.7 billion discrepancy visible on-chain . Binance had to acknowledge the issue as a “clerical error” and quickly separate the funds, all under the glare of public attention  . While Binance maintained that user assets were fully backed and the mistake was purely operational, the episode raised public concern over Binance’s practices, feeding a narrative that even the largest exchange had internal control lapses. The key point is that public proof-of-reserves made the lapse obvious to everyone, forcing a reactive explanation. The reputational hit (even if temporary) was an operational risk of being so transparent.

Additionally, strategic confidentiality is lost. If a company holding Bitcoin as a reserve asset decides to make a major move (say, reallocating to a different wallet, or using some Bitcoin for a strategic investment or loan), doing so with known addresses broadcasts that strategy. Competitors or market analysts can infer things like “Company X is moving 10% of its BTC — why? Are they selling? Hedging? Using it as collateral?” This can erode any competitive advantage of keeping financial strategies discreet. It might even affect the company’s stock price if investors interpret moves negatively. For example, if a blockchain analysis shows the company’s reserves dropping, shareholders might fear the company sold Bitcoin (perhaps due to financial distress), even if the reality is benign (like moving funds to a new custodian). The company would be forced into continuous public explanation of on-chain actions to prevent misunderstanding.

There’s also a risk of exposing business partnerships. Suppose the company uses certain exchanges or OTC desks to rebalance its holdings – transactions with those service providers will be visible and could link the company to them. If one of those partners has issues (say a hacked exchange or a sanctioned entity inadvertently), the company could be reputationally contaminated by association through the blockchain trail.

Finally, not all publicity is good publicity in the crypto world. A public proof-of-reserve might invite armchair auditors to scrutinize and criticize every aspect of the company’s crypto management. Minor issues could be blown out of proportion. On the flip side, if a company chooses not to publish addresses, it could face reputational risk from a different angle: skeptics might question why it isn’t being transparent. (Indeed, Grayscale’s refusal to disclose wallet addresses led to social media chatter about whether they truly held all the Bitcoin they claimed, contributing to investor nervousness and a steep discount on GBTC shares .) Thus, companies are in a delicate spot: share too much and every move invites scrutiny; share too little and you breed distrust.

Balancing Transparency Benefits vs. Risks

The central question is whether the benefit of proving reserve holdings to investors outweighs these security and privacy risks. It’s a classic risk-reward calculation, and opinions in the industry are divided.

On the side of transparency, many argue that the credibility and trust gained by proof-of-reserves is invaluable. Advocates note that Bitcoin was designed for open verification – “on-chain auditability and permissionless transparency” are core features . By embracing this, companies demonstrate they are good stewards of a “trustless” asset. In fact, some believe public companies have a duty to be extra transparent. A recent Nasdaq report contended that “when a publicly traded company holds Bitcoin but offers no visibility into how that Bitcoin is held or verified, it exposes itself to multiple levels of risk: legal, reputational, operational, and strategic”, undermining trust . In that view, opacity is riskier in the long run – a lack of proof could weaken investor confidence or invite regulatory suspicion. Shareholders and analysts may actually penalize a company that refuses to provide verifiable proof of its crypto assets .

Transparency done right can also differentiate a firm as a leader in governance. Publishing reserve data (whether via addresses or through third-party attestations) can be seen as a commitment to high standards. For example, Metaplanet, an investment firm, publicly discloses its BTC reserve addresses and even provides a live dashboard for anyone to verify balances . This proactive openness signals confidence and has been touted as an industry best practice in some quarters. By proving its reserves, a company can potentially avoid the fate of those that lost public trust (as happened with opaque crypto firms in 2022). It’s also a means to preempt false rumors – if data is out in the open, misinformation has less room to grow.

However, the pro-transparency camp increasingly acknowledges that there are smarter ways to achieve trust without courting all the risks. One compromise is using cryptographic proofs or audits instead of plain address dumps. For instance, exchanges like Kraken have implemented Merkle tree proof-of-reserves: an independent auditor verifies all customer balances on-chain and provides a cryptographic report, and customers can individually verify their account is included without the exchange revealing every address publicly. This method proves solvency to those who need to know without handing over a complete roadmap to attackers. Another emerging solution is zero-knowledge proofs, where a company can prove knowledge or ownership of certain assets without revealing the addresses or amounts to the public. These technologies are still maturing, but they aim to deliver the best of both worlds: transparency and privacy.

On the side of caution, many experts believe the risks of full public disclosure outweigh the incremental gain in transparency, especially for regulated public companies. Michael Saylor encapsulates this viewpoint: he calls on-chain proof-of-reserve “a bad idea” for institutions, arguing that it “offers one-way transparency” (assets only) and “leaves organizations open to cyberattacks” . He stresses that no serious security expert would advise a Fortune 500 company to list all its wallet addresses, as it essentially compromises corporate security over time . Saylor and others also point out the pointlessness of an assets-only proof: unless you also prove liabilities, showing off reserves might even be dangerous because it could lull investors into a false sense of security .

Regulators and traditional auditors echo this: proof-of-reserves, while a useful tool, “is not enough by itself” to guarantee financial health . They advocate for holistic transparency – audits that consider internal controls, liabilities, and legal obligations, not just a snapshot of a blockchain address  . From this perspective, a public company can satisfy transparency demands through rigorous third-party audits and disclosures rather than raw on-chain data. Indeed, public companies are legally bound to extensive reporting; adding public crypto addresses on top may be seen as redundant and risky.

There is also an implicit cost-benefit analysis: A successful attack resulting from over-sharing could be catastrophic (loss of funds, legal liability, reputational ruin), whereas the benefit of public proof is somewhat intangible (improved investor sentiment, which might be achieved via other assurance methods anyway). Given that trade-off, many firms err on the side of caution. As evidence, few if any U.S.-listed companies that hold Bitcoin have published their wallet addresses. Instead, they reference independent custodians and audits for assurance. Even crypto-native companies have pulled back on full transparency after realizing the downsides – for example, some auditing firms halted issuing proof-of-reserves reports due to concerns about how they were interpreted and the liability involved  .

Industry best practices are still evolving. A prudent approach gaining favor is to prove reserves without leaking sensitive details. This can involve disclosing total balances and having an auditor or blockchain oracle confirm the assets exist, but without listing every address publicly. Companies are also encouraged to disclose encumbrances (whether any of the reserves are collateralized or lent out) in tandem, to address the liabilities issue . By doing so, they aim to achieve transparency and maintain security.

In evaluating whether to publish wallet addresses, a company must ask: Will this level of openness meaningfully increase stakeholder trust, or would a more controlled disclosure achieve the same goal with less risk? For many public companies, the answer has been to avoid public addresses. The risks – from attracting hackers to revealing strategic moves – tend to outweigh the marginal transparency benefit in their judgment. The collapse of unregulated exchanges has certainly proven the value of reserve verification, but public companies operate in a different context with audits and legal accountability. Thus, the optimal solution may be a middle ground: proving reserves through vetted processes (auditor attestations, cryptographic proofs) that satisfy investor needs without blatantly exposing the company’s financial backend to the world.

Conclusion

Publishing Bitcoin wallet addresses as proof of reserves is a bold transparency measure – one that speaks to crypto’s ideals of open verification – but it comes with a laundry list of security considerations. Public companies weighing this approach must contend with the heightened cybersecurity threat of advertising their treasure troves to hackers, the loss of privacy and confidentiality as on-chain sleuths dissect their every transaction, and potential regulatory complications if such disclosures are misunderstood or incomplete. Real-world incidents illustrate the downsides: firms that revealed addresses have seen how quickly online communities flag (and sometimes misinterpret) their blockchain moves, causing reputational turbulence and forcing rapid damage control  .

On the other hand, proving reserves to investors is important – it can prevent fraud and bolster trust. The question is how to achieve it without incurring unacceptable risk. Many experts and industry leaders lean towards the view that simply publishing wallet addresses is too risky a method, especially for public companies with much to lose  . The risks often do outweigh the direct benefits in such cases. Transparency remains crucial, but it can be provided in safer ways – through regular audits, cryptographic proofs that don’t expose all wallet details, and comprehensive disclosures that include liabilities and controls.

In conclusion, while on-chain proof of reserves via public addresses offers a tantalizing level of openness, it must be approached with extreme caution. For most public companies, the smart strategy is to balance transparency with security: verify and show investors that assets exist and are sufficient, but do so in a controlled manner that doesn’t compromise the very assets you’re trying to protect. As the industry matures, we can expect more refined proof-of-reserve practices that satisfy the demand for honesty and solvency verification without unduly endangering the enterprise. Until then, companies will continue to tread carefully, mindful that transparency is only truly valuable when it doesn’t come at the price of security and trust.

Sources:

•   Grayscale statement on refusal to share on-chain proof-of-reserves 
•   Community analysis identifying Grayscale’s wallet addresses 
•   Cointelegraph – Crypto.com’s mistaken 320k ETH transfer spotted via on-chain proof-of-reserves  
•   Axios – Binance wallet “commingling” error observed on-chain  
•   Michael Saylor’s remarks on security risks of publishing wallet addresses   
•   SEC Acting Chief Accountant on limitations of proof-of-reserves reports 
•   Nasdaq (Bitcoin for Corporations) – argument for corporate transparency & proof-of-reserves   
•   1inch Security Blog – explanation of dusting attacks and privacy loss via address linking 

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• Wasabi Wallet v2.6.0 "Prometheus" is a major update for the project, focused on resilience and independence from centralized systems.
• Key features include support for BIP 158 block filters for direct node synchronization, a revamped full node integration for easier setup without third-party reliance, SLIP 39 share backups for flexible wallet recovery (sponsored by Trezor), and a Nostr-based update manager for censorship-resistant updates.
• Additional improvements include UI bug fixes, a new fallback for transaction broadcasting, updated code signing, stricter JSON serialization, and options to avoid third-party rate providers, alongside various under-the-hood enhancements.

This new version brings us closer to our ultimate goal: ensuring Wasabi is future-proof," said the developers, while also highlighting the following key areas of focus for the project:

• Ensuring users can always fully and securely use their client.
• Making contribution and forks easy through a codebase of the highest quality possible: understandable, maintainable, and improvable.

"As we achieve our survival goals, expect more cutting-edge improvements in Bitcoin privacy and self-custody. Thank you for the trust you place in us by using Wasabi," was stated in the release notes.

What's new

• Support for Standard BIP 158 Block Filters. Wasabi now syncs using BIP 158 filters without a backend/indexer, connecting directly to a user's node. This boosts sync speed, resilience, and allows full sovereignty without specific server dependency.
• Full Node Integration Rework. The old integration has been replaced with a simpler, more adaptable system. It’s not tied to a specific Bitcoin node fork, doesn’t need the node on the same machine as Wasabi, and requires no changes to the node’s setup.
  • "Simply enable the RPC server on your node and point Wasabi to it," said the developers. This ensures all Bitcoin network activities—like retrieving blocks, fee estimations, block filters, and transaction broadcasting—go through your own node, avoiding reliance on third parties.
• Create & Recover SLIP 39 Shares. Users now create and recover wallets with multiple share backups using SLIP 39 standard.

"Special thanks to Trezor (SatoshiLabs) for sponsoring this amazing feature."

• Nostr Update Manager. This version implements a pioneering system with the Nostr protocol for update information and downloads, replacing reliance on GitHub. This enhances the project's resilience, ensuring updates even if GitHub is unavailable, while still verifying updates with the project's secure certificate.
• Updated Avalonia to v11.2.7, fixes for UI bugs (including restoring Minimize on macOS Sequoia).
• Added a configurable third-party fallback for broadcasting transactions if other methods fail.
• Replaced Windows Code Signing Certificate with Azure Trusted Signing.
• Many bug fixes, improved codebase, and enhanced CI pipeline.
• Added the option to avoid using any third-party Exchange Rate and Fee Rate providers (Wasabi can work without them).
• Rebuilt all JSON Serialization mechanisms avoiding default .NET converters. Serialization is now stricter.

Full Changelog: v2.5.1...v2.6.0

Announcement / Archive
GitHub Repo

@ dfa02707:41ca50e3

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• "Today we're launching the beta version of our multiplatform Nostr browser! Think Google Chrome but for Nostr apps. The beta is our big first step toward this vision," announced Damus.
• This version comes with the Dave Nostr AI assistant, support for zaps and the Nostr Wallet Connect (NWC) wallet interface, full-text note search, GIFs and fullscreen images, multiple media uploads, user tagging, relay list and mute list support, along with a number of other improvements."

"Included in the beta is the Dave, the Nostr AI assistant (its Grok for Nostr). Dave is a new Notedeck browser app that can search and summarize notes from the network. For a full breakdown of everything new, check out our beta launch video."

What's new

• Dave Nostr AI assistant app.
• GIFs.
• Fulltext note search.
• Add full screen images, add zoom, and pan.
• Zaps! NWC/ Wallet UI.
• Introduce last note per pubkey feed (experimental).
• Allow multiple media uploads per selection.
• Major Android improvements (still WIP).
• Added notedeck app sidebar.
• User Tagging.
• Note truncation.
• Local network note broadcast, broadcast notes to other notedeck notes while you're offline.
• Mute list support (reading).
• Relay list support.
• Ctrl-enter to send notes.
• Added relay indexing (relay columns soon).
• Click hashtags to open hashtag timeline.
• Fixed timelines sometimes not updating (stale feeds).
• Fixed UI bounciness when loading profile pictures
• Fixed unselectable post replies.

Announcement / Archive
GitHub Repo
Website

@ 8bad92c3:ca714aa5

Marty's Bent

via Kevin McKernan

There's been a lot of discussion this week about Casey Means being nominated for Surgeon General of the United States and a broader overarching conversation about the effectiveness of MAHA since the inauguration and how effective it may or may not be moving forward. Many would say that President Trump won re-election due to Robert F. Kennedy Jr. and Nicole Shanahan deciding to reach across the aisle and join the Trump ticket, bringing with them the MAHA Moms, who are very focused on reorienting the healthcare system in the United States with a strong focus on the childhood vaccine schedule.

I'm not going to lie, this is something I'm passionate about as well, particularly after having many conversations over the years with doctors like Kevin McKernan, Dr. Jack Kruse, Dr. Mary Talley Bowden, Dr. Brooke Miller, Dr. Peter McCullough and others about the dangers of the COVID mRNA vaccines. As it stands today, I think this is the biggest elephant in the room in the world of healthcare. If you look at the data, particularly disability claims, life insurance claims, life expectancy, miscarriage rates, fertility issues and rates of turbo cancer around the world since the COVID vaccine was introduced in 2021, it seems pretty clear that there is harm being done to many of the people who have taken them.

The risk-reward ratio of the vaccines seems to be incredibly skewed towards risk over reward and children - who have proven to be least susceptible to COVID - are expected to get three COVID shots in the first year of their life if their parents follow the vaccine schedule. For some reason or another it seems that Robert F. Kennedy Jr. has shied away from this topic after becoming the head of Health and Human Services within the Trump administration. This is after a multi-year campaign during which getting the vaccines removed from the market war a core part of his platform messaging.

I'm still holding out hope that sanity will prevail. The COVID mRNA vaccines will be taken off the market in a serious conversation about the crimes against humanity that unfolded during the COVID years will take place. However, we cannot depend on that outcome. We must build with the assumption in mind that that outcome may never materialize. This leads to identifying where the incentives within the system are misconstrued. One area where I think it's pretty safe to say that the incentives are misaligned is the fact that 95% of doctors work for and answer to a corporation driven by their bottom line. Instead of listening to their patients and truly caring about the outcome of each individual, doctors forced to think about the monetary outcome of the corporation they work for first.

The most pernicious way in which these misaligned incentives emerge is the way in which the hospital systems and physicians are monetarily incentivized by big pharma companies to push the COVID vaccine and other vaccines on their patients. It is important to acknowledge that we cannot be dependent on a system designed in this way to change from within. Instead, we must build a new incentive system and market structure. And obviously, if you're reading this newsletter, you know that I believe that bitcoin will play a pivotal role in realigning incentives across every industry. Healthcare just being one of them.

Bitcoiners have identified the need to become sovereign in our monetary matters, it probably makes sense to become sovereign when it comes to our healthcare as well. This means finding doctors who operate outside the corporate controlled system and are able to offer services that align incentives with the end patient. My family utilizes a combination of CrowdHealth and a private care physician to align incentives. We've even utilized a private care physician who allowed us to pay in Bitcoin for her services for a number of years. I think this is the model. Doctors accepting hard censorship resistant money for the healthcare and advice they provide. Instead of working for a corporation looking to push pharmaceutical products on their patients so they can bolster their bottom line, work directly with patients who will pay in bitcoin, which will appreciate in value over time.

I had a lengthy discussion with Dr. Jack Kruse on the podcast earlier today discussing these topic and more. It will be released on Thursday and I highly recommend you freaks check it out once it is published. Make sure you subscribe so you don't miss it.

How the "Exorbitant Privilege" of the Dollar is Undermining Our Manufacturing Base

In my conversation with Lyn Alden, we explored America's fundamental economic contradiction. As Lyn expertly explained, maintaining the dollar's reserve currency status while attempting to reshore manufacturing presents a near-impossible challenge - what economists call Triffin's Dilemma. The world's appetite for dollars gives Americans tremendous purchasing power but simultaneously hollows out our industrial base. The overvalued dollar makes our exports less competitive, especially for lower-margin manufacturing, while our imports remain artificially strong.

"Having the reserve currency does come with a bunch of benefits, historically called an exorbitant privilege, but then it has certain costs to maintain it." - Lyn Alden

This dilemma forces America to run persistent trade deficits, as this is how dollars flow to the world. For over four decades, these deficits have accumulated, creating massive economic imbalances that can't be quickly reversed. The Trump administration's attempts to address this through tariffs showcase how difficult rebalancing has become. As Lyn warned, even if we successfully pivot toward reshoring manufacturing, we'll face difficult trade-offs: potentially giving up some reserve currency benefits to rebuild our industrial foundation. This isn't just economic theory - it's the restructuring challenge that will define America's economic future.

Check out the full podcast here for more on China's manufacturing dominance, the role of Bitcoin in monetary transitions, and energy production as the foundation for future industrial power.

Headlines of the Day

Coinbase to replace Discover in S&P 500 on May 19 - via X

Mallers promises no rehypothecation in Strike Bitcoin loans - via X

Get our new STACK SATS hat - via tftcmerch.io

Missouri passes HB 594, eliminates Bitcoin capital gains tax - via X

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The 2025 Bitcoin Policy Summit is set for June 25th—and it couldn’t come at a more important time. The Bitcoin industry is at a pivotal moment in Washington, with initiatives like the Strategic Bitcoin Reserve gaining rapid traction. Whether you’re a builder, advocate, academic, or policymaker—we want you at the table. Join us in DC to help define the future of freedom, money & innovation in the 21st century.

Sign Up

---

Ten31, the largest bitcoin-focused investor, has deployed $150M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.

---

Final thought...

The 100+ degree days have returned to Austin, TX. Not mad about it... yet.

---

Get this newsletter sent to your inbox daily: https://www.tftc.io/bitcoin-brief/

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@ eb0157af:77ab6c55

Jacopo Graziuso’s econometric study explains how the presence of Bitcoin is connected to the reduction of emissions and consumption in countries where it is mined.

The debate on Bitcoin’s environmental impact has been at the center of media attention for years, often characterized by approximate information and common misconceptions. But what emerges when data is analyzed? An answer comes from the study by Jacopo Graziuso, a recent graduate in Economics and Finance at the University of Salento, who dedicated his thesis to the topic, titled: “Bitcoin and energy: towards efficiency and environmental sustainability”.

“It bothers me when they tell me ‘Bitcoin pollutes, Bitcoin consumes’. This prompted me to write the thesis,” Graziuso tells Atlas21 microphones. “We live in an era of free and accessible information, yet disinformation reigns supreme, leading to beliefs without scientific foundation.”

Regarding his research work, Graziuso emphasizes: “I thank professor of econometrics Pierluigi Toma who knew what Bitcoin is and what mining is and gave me carte blanche for writing the thesis.”

The methodology used for the study is an econometric analysis based on data from 171 states from 2009 to 2024, with particular attention to the relationship between Bitcoin presence, greenhouse gas emissions (climate-altering gases) and energy consumption. To define Bitcoin’s “presence”, Graziuso created a variable that takes value 1 if at least 1% of the population uses (knows or has a wallet) the cryptocurrency or if it is present in state reserves.

The results of the research, conducted only with open source software, contradict the dominant narrative, Graziuso explains: “The analysis shows that Bitcoin’s presence in a state is associated with a decrease in greenhouse gas emissions. The study reveals that Bitcoin’s presence in a state reduces emissions by 39 megatons of CO2 equivalent. Essentially, where there is Bitcoin, climate-altering gas emissions decrease.”

Graziuso wants to emphasize the difference between consumption and pollution: “The problem is not consumption, it’s pollution. The distinction is fundamental: energy consumption is necessary for human development, while pollution derives from the use of inefficient energy sources. Currently China consumes over 4500% more than the entire Bitcoin network. Furthermore, thanks to mining flexibility, Bitcoin can help a state reduce general consumption.”

The research highlights how mining is acting as a catalyst for the adoption of renewable and nuclear energy. Mining naturally seeks the cheapest sources which increasingly coincide with the cleanest ones, the interviewee states.

One analyzed aspect is Bitcoin’s role as “buyer of last resort” for otherwise wasted energy. Graziuso cites several examples:

• Alps Blockchain, which has reactivated 32 disused hydroelectric plants in northern Italy and is working on building facilities in Paraguay and Ecuador exploiting hydroelectric energy;
• projects like Gridless that exploit excess energy from renewable sources in remote areas: “Not only does [Gridless] optimize the use of local energy resources, but it reinvests mining profits in communities, improving access to electricity and supporting the local economy,” writes Graziuso;
• in Texas, thanks to agreements with electricity grid operator ERCOT, miners exploit the operational flexibility of their machines to adapt consumption to grid needs, turning them off during peak moments and turning them back on when there is surplus energy, thus acting as buyers of last resort and contributing to stabilizing the electrical grid.

Another interesting aspect concerns the recovery of heat generated by machines: “Marathon Digital Holdings in Finland uses heat from its ASICs to heat 80,000 homes,” explains Graziuso. “Domestic applications are also being developed where ASIC heat is used for heating, further mitigating pollution.”

Immersion cooling, a technique that involves immersing mining machines in a dielectric fluid made in the laboratory, is cited as a promising solution to improve efficiency and reduce environmental impact. This way it is also possible to reduce machine noise, while the heat produced is dissipated by the dielectric material. Graziuso cites CleanSpark as an example of a completely carbon neutral mining farm that uses this technology: “This cooling technique allows us to safely overclock hardware, increasing performance by increasing operating frequency beyond factory settings,” states CleanSpark.

The thesis includes a section dedicated to zones that are emerging as sustainable mining hubs in different parts of the world:

• in Kenya and Ethiopia, “mining powered by hydroelectric energy is bringing drinking water and electricity to previously unserved communities,” declares Graziuso;
• in Georgia and Texas, Bitcoin mining is contributing to making the electrical grid more stable, intervening during peak demand moments and absorbing excess energy during overproduction periods;
• in Canada, companies like Upstream Data and Hut 8 Mining use mining to valorize excess or dispersed energy, including gas flaring in oil fields, thus reducing energy waste and emissions;
• the Makai project in Hawaii exploits OTEC (Ocean Thermal Energy Conversion) technology to convert ocean thermal energy into clean and renewable electricity.

Despite mining’s potential, obstacles to complete decarbonization still exist: “Decarbonization is still far away. Currently in many countries there are still state incentives from 40 years ago that favor fossil sources. Due to these incentives, today entrepreneurs’ costs are lower when fossil fuels are used. Once these state incentives end, perhaps the situation will improve. At the moment it is the miners who must voluntarily use renewable sources,” observes Graziuso. Italy, for example, continues to depend about 60% on fossil sources.

Another piece of data analyzed in the thesis is the improvement in energy efficiency of specialized mining machines: “In about 15 years, efficiency has improved by over 95%: this means decreased consumption and pollution,” emphasizes Graziuso.

“I hope this research contributes to spreading a more accurate and data-based narrative,” concludes Graziuso. “Bitcoin is not the problem, but could be part of the solution to the global energy challenge.”

The thesis will soon be published in its entirety online as a scientific paper.

The post Bitcoin reduces emissions and consumption: the thesis published at the University of Salento appeared first on Atlas21.

@ b7274d28:c99628cb

A few months ago, a nostrich was switching from iOS to Android and asked for suggestions for #Nostr apps to try out. nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424 offered the following as his response:

nostr:nevent1qvzqqqqqqypzq0mhp4ja8fmy48zuk5p6uy37vtk8tx9dqdwcxm32sy8nsaa8gkeyqydhwumn8ghj7un9d3shjtnwdaehgunsd3jkyuewvdhk6tcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszythwden5te0dehhxarj9emkjmn99uqzpwwts6n28eyvjpcwvu5akkwu85eg92dpvgw7cgmpe4czdadqvnv984rl0z

Yes. #Android users are fortunate to have some powerful Nostr apps and tools at our disposal that simply have no comparison over on the iOS side. However, a tool is only as good as the knowledge of the user, who must have an understanding of how best to wield it for maximum effect. This fact was immediately evidenced by replies to Derek asking, "What is the use case for Citrine?" and "This is the first time I'm hearing about Citrine and Pokey. Can you give me links for those?"

Well, consider this tutorial your Nostr starter-kit for Android. We'll go over installing and setting up Amber, Amethyst, Citrine, and Pokey, and as a bonus we'll be throwing in the Zapstore and Coinos to boot. We will assume no previous experience with any of the above, so if you already know all about one or more of these apps, you can feel free to skip that tutorial.

So many apps...

You may be wondering, "Why do I need so many apps to use Nostr?" That's perfectly valid, and the honest answer is, you don't. You can absolutely just install a Nostr client from the Play Store, have it generate your Nostr identity for you, and stick with the default relays already set up in that app. You don't even need to connect a wallet, if you don't want to. However, you won't experience all that Nostr has to offer if that is as far as you go, any more than you would experience all that Italian cuisine has to offer if you only ever try spaghetti.

Nostr is not just one app that does one thing, like Facebook, Twitter, or TikTok. It is an entire ecosystem of applications that are all built on top of a protocol that allows them to be interoperable. This set of tools will help you make the most out of that interoperability, which you will never get from any of the big-tech social platforms. It will provide a solid foundation for you to build upon as you explore more and more of what Nostr has to offer.

So what do these apps do?

Fundamental to everything you do on Nostr is the need to cryptographically sign with your private key. If you aren't sure what that means, just imagine that you had to enter your password every time you hit the "like" button on Facebook, or every time you commented on the latest dank meme. That would get old really fast, right? That's effectively what Nostr requires, but on steroids.

To keep this from being something you manually have to do every 5 seconds when you post a note, react to someone else's note, or add a comment, Nostr apps can store your private key and use it to sign behind the scenes for you. This is very convenient, but it means you are trusting that app to not do anything with your private key that you don't want it to. You are also trusting it to not leak your private key, because anyone who gets their hands on it will be able to post as you, see your private messages, and effectively be you on Nostr. The more apps you give your private key to, the greater your risk that it will eventually be compromised.

Enter #Amber, an application that will store your private key in only one app, and all other compatible Nostr apps can communicate with it to request a signature, without giving any of those other apps access to your private key.

Most Nostr apps for Android now support logging in and signing with Amber, and you can even use it to log into apps on other devices, such as some of the web apps you use on your PC. It's an incredible tool given to us by nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5, and only available for Android users. Those on iPhone are incredibly jealous that they don't have anything comparable, yet.

Speaking of nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5, the next app is also one of his making.

All Nostr data is stored on relays, which are very simple servers that Nostr apps read notes from and write notes to. In most forms of social media, it can be a pain to get your own data out to keep a backup. That's not the case on Nostr. Anyone can run their own relay, either for the sake of backing up their personal notes, or for others to post their notes to, as well.

Since Nostr notes take up very little space, you can actually run a relay on your phone. I have been on Nostr for almost 2 and a half years, and I have 25,000+ notes of various kinds on my relay, and a backup of that full database is just 24MB on my phone's storage.

Having that backup can save your bacon if you try out a new Nostr client and it doesn't find your existing follow list for some reason, so it writes a new one and you suddenly lose all of the people you were following. Just pop into your #Citrine relay, confirm it still has your correct follow list or import it from a recent backup, then have Citrine restore it. Done.

Additionally, there are things you may want to only save to a relay you control, such as draft messages that you aren't ready to post publicly, or eCash tokens, which can actually be saved to Nostr relays now. Citrine can also be used with Amber for signing into certain Nostr applications that use a relay to communicate with Amber.

If you are really adventurous, you can also expose Citrine over Tor to be used as an outbox relay, or used for peer-to-peer private messaging, but that is far more involved than the scope of this tutorial series.

You can't get far in Nostr without a solid and reliable client to interact with. #Amethyst is the client we will be using for this tutorial because there simply isn't another Android client that comes close, so far. Moreover, it can be a great client for new users to get started on, and yet it has a ton of features for power-users to take advantage of as well.

There are plenty of other good clients to check out over time, such as Coracle, YakiHonne, Voyage, Olas, Flotilla and others, but I keep coming back to Amethyst, and by the time you finish this tutorial, I think you'll see why. nostr:npub1gcxzte5zlkncx26j68ez60fzkvtkm9e0vrwdcvsjakxf9mu9qewqlfnj5z and others who have contributed to Amethyst have really built something special in this client, and it just keeps improving with every update that's shipped.

Most social media apps have some form of push notifications, and some Nostr apps do, too. Where the issue comes in is that Nostr apps are all interoperable. If you have more than one application, you're going to have both of them notifying you. Nostr users are known for having five or more Nostr apps that they use regularly. If all of them had notifications turned on, it would be a nightmare. So maybe you limit it to only one of your Nostr apps having notifications turned on, but then you are pretty well locked-in to opening that particular app when you tap on the notification.

Pokey, by nostr:npub1v3tgrwwsv7c6xckyhm5dmluc05jxd4yeqhpxew87chn0kua0tjzqc6yvjh, solves this issue, allowing you to turn notifications off for all of your Nostr apps, and have Pokey handle them all for you. Then, when you tap on a Pokey notification, you can choose which Nostr app to open it in.

Pokey also gives you control over the types of things you want to be notified about. Maybe you don't care about reactions, and you just want to know about zaps, comments, and direct messages. Pokey has you covered. It even supports multiple accounts, so you can get notifications for all the npubs you control.

One of the most unique and incredibly fun aspects of Nostr is the ability to send and receive #zaps. Instead of merely giving someone a 👍️ when you like something they said, you can actually send them real value in the form of sats, small portions of a Bitcoin. There is nothing quite like the experience of receiving your first zap and realizing that someone valued what you said enough to send you a small amount (and sometimes not so small) of #Bitcoin, the best money mankind has ever known.

To be able to have that experience, though, you are going to need a wallet that can send and receive zaps, and preferably one that is easy to connect to Nostr applications. My current preference for that is Alby Hub, but not everyone wants to deal with all that comes along with running a #Lightning node. That being the case, I have opted to use nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch for this tutorial, because they offer one of the easiest wallets to set up, and it connects to most Nostr apps by just copy/pasting a connection string from the settings in the wallet into the settings in your Nostr app of choice.

Additionally, even though #Coinos is a custodial wallet, you can have it automatically transfer any #sats over a specified threshold to a separate wallet, allowing you to mitigate the custodial risk without needing to keep an eye on your balance and make the transfer manually.

Most of us on Android are used to getting all of our mobile apps from one souce: the Google Play Store. That's not possible for this tutorial series. Only one of the apps mentioned above is available in Google's permissioned playground. However, on Android we have the advantage of being able to install whatever we want on our device, just by popping into our settings and flipping a toggle. Indeed, thumbing our noses at big-tech is at the heart of the Nostr ethos, so why would we make ourselves beholden to Google for installing Nostr apps?

The nostr:npub10r8xl2njyepcw2zwv3a6dyufj4e4ajx86hz6v4ehu4gnpupxxp7stjt2p8 is an alternative app store made by nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9 as a resource for all sorts of open-source apps, but especially Nostr apps. What is more, you can log in with Amber, connect a wallet like Coinos, and support the developers of your favorite Nostr apps directly within the #Zapstore by zapping their app releases.

One of the biggest features of the Zapstore is the fact that developers can cryptographically sign their app releases using their Nostr keys, so you know that the app you are downloading is the one they actually released and hasn't been altered in any way. The Zapstore will warn you and won't let you install the app if the signature is invalid.

Getting Started

Since the Zapstore will be the source we use for installing most of the other apps mentioned, we will start with installing the Zapstore.

We will then use the Zapstore to install Amber and set it up with our Nostr account, either by creating a new private key, or by importing one we already have. We'll also use it to log into the Zapstore.

Next, we will install Amethyst from the Zapstore and log into it via Amber.

After this, we will install Citrine from the Zapstore and add it as a local relay on Amethyst.

Because we want to be able to send and receive zaps, we will set up a wallet with CoinOS and connect it to Amethyst and the Zapstore using Nostr Wallet Connect.

Finally, we will install Pokey using the Zapstore, log into it using Amber, and set up the notifications we want to receive.

By the time you are done with this series, you will have a great head-start on your Nostr journey compared to muddling through it all on your own. Moreover, you will have developed a familiarity with how things generally work on Nostr that can be applied to other apps you try out in the future.

Continue to Part 2: The Zapstore. Nostr Link: nostr:naddr1qvzqqqr4gupzpde8f55w86vrhaeqmd955y4rraw8aunzxgxstsj7eyzgntyev2xtqydhwumn8ghj7un9d3shjtnzwf5kw6r5vfhkcapwdejhgtcqp5cnwdphxv6rwwp3xvmnzvqgty5au

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• Version 1.3 of Bitcoin Safe introduces a redesigned interactive chart, quick receive feature, updated icons, a mempool preview window, support for Child Pays For Parent (CPFP) and testnet4, preconfigured testnet demo wallets, as well as various bug fixes and improvements.

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

"Compact Block Filters increase the network privacy dramatically, since you're not asking an electrum server to give you your transactions. They are a little slower than electrum servers. For a savings wallet like Bitcoin Safe this should be OK," writes the project's developer Andreas Griffin.

• Learn more about the current and upcoming features of Bitcoin Safe wallet here.

What's new in v1.3

• Redesign of Chart, Quick Receive, Icons, and Mempool Preview (by @design-rrr).
• Interactive chart. Clicking on it now jumps to transaction, and selected transactions are now highlighted.

• Speed up transactions with Child Pays For Parent (CPFP).
• BDK 1.2 (upgraded from 0.32).
• Testnet4 support.
• Preconfigured Testnet demo wallets.
• Cluster unconfirmed transactions so that parents/children are next to each other.
• Customizable columns for all tables (optional view: Txid, Address index, and more)
• Bug fixes and other improvements.

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ 3c559080:a053153e

So firstly you should find an emulator for whatever you want to play on. There are many for desktop and mobile devices. Checkhere for a list of all the available consoles and their various emulators.

Next what game do you want to play? This is the like the homepage for a shit ton of roms.

Some of the more popular roms are there and other various list like Sony Nintendo

After narrowing down your selection you will end up on myrient i assume this is just some dope person hosting all these so if you get some use out of it, think of donating they even take corn, but other shitcoins too (but thats not the focus here)

Once you download the Rom of the game you want, you will get a compressed (zip) folder, unzip it and within it will be the rom, most systems will identify your emulator and use it open the game. If not, launch the emulator and within it should be an option to open a file, open the file in the unzipped folder.

Enjoy So you want to Mod?

So every Mod, is a mod for a specific game [ex. Pokemon Blue, Pokemon FireRed, Super Mario Bros.] so it requires you to get the Rom for that base game, the mod itself, and a tool to patch it. There is an online tool to easily patch the mod to the ROM. IMPORTANT, this will not change any naming, Id recommend having a folder with the base game roms, and a folder for the mods, and lastly a folder for the newly modded roms. Make sure to name or just save the game in modded roms folder after the patch.

Below are a few resource to find various Pokemon Rom mods(sometimes called hacks)

• r/PokemonROMhacks
• Good Compilations of Hacks and Resource/Guides

Personally, Pokemon Unbound is considered the best most polished hack. it runs on Pokemon Fire Red.

Pokemon Emerald Rouge is a cool take on the popular Rougelite genre. This runs on base game Pokemon Emerald

@ eb0157af:77ab6c55

Since 2019, the United States has been the country with the highest number of recorded cases, but Europe remains the most affected region.

According to a Binance report, the United States is the country that has recorded the greatest number of crypto-related kidnapping cases since 2019, despite a recent increase in incidents in France.

At the regional level, however, Europe remains the area with the highest number of crypto-related kidnappings: 59 cases over six years. During the same period, North America — which includes the United States and Canada — recorded 48 cases. Particularly notable is the data concerning the entire Asian continent, where 62 cases of crypto-related kidnappings have been documented, most of which are concentrated in Southeast Asian countries.

France emerges as a concerning hotspot for crypto kidnappings, with six recent cases, three of which have already occurred in 2025.

Source: Binance

The primary targets of these kidnappings include executives of crypto companies, professional traders, exchange employees, and entrepreneurs in the sector. Family members and close associates of victims are often targeted as well. An emerging phenomenon involves tourists suspected of possessing large amounts of cryptocurrency funds.

Kidnapping cases in 2025

The year 2025 has already seen particularly serious episodes of kidnappings linked to the digital asset world. The most notable case involved David Balland, co-founder of Ledger, and his wife, who were abducted from their residence in France earlier this January. The incident drew international attention from both the crypto industry and law enforcement agencies.

Another attempt took place in Paris, where armed men tried to kidnap the daughter and granddaughter of the CEO of the French exchange Paymium. Overseas, in New York, police arrested 37-year-old John Woeltz after discovering that an Italian tourist had been held captive and mistreated for weeks in a luxury Manhattan apartment.

Binance highlights a direct correlation between the price trend of Bitcoin and the increase in kidnappings. Since Bitcoin reached new all-time highs this year, attacks involving physical threats have also increased proportionally, the exchange suggests.

Source: Binance

In 2025 alone, at least 15 kidnapping episodes have already been documented, many involving ransom demands denominated in bitcoin.

The post Crypto kidnappings on the rise: the US leads global statistics appeared first on Atlas21.

@ 502ab02a:a2860397

ในปี 2013 ณ กรุงลอนดอน แฮมเบอร์เกอร์หน้าตาดูธรรมดาแต่ไม่ธรรมดาชิ้นหนึ่งได้ถูกจัดวางอย่างสง่างามบนจานสีขาวในงานแถลงข่าวระดับโลก ไม่ใช่เพราะมันแพงเกินเหตุที่ตั้งราคาที่ 330,000 ดอลลาร์ต่อชิ้น แต่เพราะมันไม่เคยเกิดขึ้นมาก่อนในประวัติศาสตร์นี่คือ “เนื้อเพาะเลี้ยง” (cultured meat) ชิ้นแรกของโลกที่เติบโตมาจากเซลล์ ไม่ใช่จากสัตว์ทั้งตัว

เบื้องหลังอาหารชิ้นนี้คือชายชาวดัตช์คนหนึ่ง ชื่อว่า มาร์ค โพสต์ (Mark Post) นักวิทยาศาสตร์ด้านสรีรวิทยาหลอดเลือด ซึ่งไม่ได้มีดีกรีจากแค่มหาวิทยาลัย แต่มีความฝันที่อยากจะสร้างอาหารจากเทคโนโลยีเพื่ออนาคต เขาเริ่มต้นจากห้องทดลองเล็กๆ ที่มหาวิทยาลัย Maastricht ในประเทศเนเธอร์แลนด์ โดยเชื่อว่าการเพาะเลี้ยงเนื้อจากเซลล์ต้นกำเนิดของวัวจะสามารถลดผลกระทบด้านสิ่งแวดล้อมจากอุตสาหกรรมเนื้อสัตว์ได้

แต่กว่าจะมีแฮมเบอร์เกอร์เพาะเลี้ยงได้หนึ่งชิ้น เขาต้องเพาะเลี้ยงเส้นใยกล้ามเนื้อเล็กๆ มากกว่า 20,000 เส้น นำมารวมกัน ประกอบโครง สร้างรูปร่าง คล้ายกับงานศิลปะทางวิทยาศาสตร์ ใช้เวลาเป็นเดือน แถมกระบวนการทั้งหมดต้องอยู่ในสภาพปลอดเชื้อราวกับโรงพยาบาลของนาโนเทคโนโลยี ส่วนต้นทุนมหาศาลที่ใช้ในวันนั้น มาจากมหาเศรษฐีผู้ร่วมก่อตั้ง Google อย่าง Sergey Brin ที่เห็นว่ามันอาจเป็นคำตอบของปัญหาอาหารโลกในอนาคต

แต่เรื่องนี้มีอะไรมากกว่าที่สื่อกระแสหลักอยากให้คุณรู้

หลังจากเปิดตัวเนื้อในห้องแล็บ โลกก็เหมือนถูกปลุกให้ตื่นขึ้นในอีกมิติหนึ่ง บริษัทสตาร์ทอัพที่เคยเน้นเขียนโค้ด เริ่มหันมาเขียนสูตรเนื้อ บริษัทรายใหญ่อย่าง Cargill, Tyson Foods และแม้แต่ Richard Branson ก็เทเงินสนับสนุนบริษัทรุ่นใหม่อย่าง Mosa Meat ซึ่งก่อตั้งโดย Dr. Post เองในปี 2016 พร้อมแผนทะเยอทะยานที่จะส่ง “เนื้อจากแล็บ” เข้าซูเปอร์มาร์เก็ตภายในทศวรรษเดียว

Mosa Meat พยายามลดต้นทุนจากหลักแสน ให้เหลือหลักร้อย และวันนี้บริษัทเหล่านี้กำลังสร้างโรงงานที่ผลิตเนื้อในถังหมักขนาดยักษ์ ไม่ต่างจากโรงเบียร์ พวกเขาเลี้ยงเซลล์วัวในน้ำเลี้ยงที่เดิมทีเคยใช้เซรุ่มจากลูกวัว (Fetal Bovine Serum) ซึ่งเป็นสิ่งที่ย้อนแย้ง ที่สวนทางกับภาพ “ปลอดภัยไร้เลือด” มาก เพราะในขณะที่โฆษณาว่า “ปลอดการฆ่า” แต่กลับใช้ส่วนผสมที่ได้มาจากเลือดลูกวัวที่ยังไม่เกิด จนต้องหาทางเปลี่ยนสูตรเป็น “น้ำเลี้ยงเทียม” ที่มาจากสารเคมีและอาหารสังเคราะห์แทน

ด้วยโครงสร้าง scaffold ที่ช่วยให้เซลล์ก่อตัวเป็นเนื้อเยื่อ และ กระบวนการเพาะเลี้ยงใน bioreactor ขนาดยักษ์ ที่เปลี่ยนเซลล์เล็ก ๆ ให้เป็นเนื้อก้อนใหญ่ในเวลาไม่กี่สัปดาห์

แต่ขณะที่ภาพความล้ำซึ่งดูจะเติบโตอย่างสดใส กลับมีเงามืดที่เติบโตพร้อมกันไปเงียบๆไม่ต่างกับอนาคินและดาร์ธเวเดอร์

แม้จะเป็นนวัตกรรมล้ำหน้า แต่ทุกขั้นตอนถูกห่อหุ้มไว้ด้วย “สิทธิบัตร” สิ่งที่ทำให้เนื้อชนิดนี้ไม่ได้เป็นของทุกคน แต่เป็นสมบัติทางปัญญาของบริษัทเท่านั้น เนื้อจากเซลล์เหล่านี้ ไม่เหมือนเนื้อจากฟาร์มที่ใครก็เลี้ยงเองได้ ไม่สามารถเก็บเมล็ดพันธุ์ไว้เพาะรุ่นหน้าแบบชาวนาในอดีต ทุกอย่างต้องเริ่มต้นในห้องแล็บ ต้องใช้เทคโนโลยีเฉพาะ ต้องมีสูตรลับเฉพาะ ต้องพึ่งบริษัทที่มีสิทธิบัตรครอบครองชีวิตเซลล์เพียงไม่กี่เจ้า

Mosa Meat ไม่ได้หยุดแค่การผลิต พวกเขายื่นจด สิทธิบัตรกว่า 10 กลุ่ม ครอบคลุมตั้งแต่สูตรน้ำเลี้ยง วิธีเพาะเลี้ยงเซลล์ ไปจนถึงวิธีห่อบรรจุสินค้าขั้นสุดท้าย กล่าวอีกอย่างคือ ถ้าใครอยากทำเนื้อเพาะเลี้ยงแบบนี้บ้าง ก็ต้อง “จ่ายค่าลิขสิทธิ์” ให้เขาเสียก่อน เรากำลังก้าวสู่ยุคที่ อาหารไม่ใช่ผลผลิตจากดินและแรงคน แต่เป็นผลผลิตของทรัพย์สินทางปัญญา และเมื่อใดที่ “เนื้อ” กลายเป็นสิ่งที่คนผลิตเองไม่ได้ ต้องซื้อจากห้างเท่านั้น เกษตรกรกลายเป็นผู้บริโภค ผู้บริโภคกลายเป็นผู้ขึ้นอยู่กับระบบ ห่วงโซ่อาหารที่เคยเป็นของชุมชนถูกตัดขาดด้วยท่อส่งจากห้องทดลองสู่จานอาหาร เราไม่ได้ซื้อเนื้อ แต่ “เช่าเทคโนโลยี” ที่ผลิตเนื้อมาให้เรากิน

และที่น่าสนใจคือ รัฐบาลในหลายประเทศกลับเป็นผู้ให้ทุนสนับสนุน เช่น โครงการของสหภาพยุโรปที่มอบเงินกว่า 2 ล้านยูโรให้ Dr. Post และ Mosa Meat รวมถึงโครงการของสิงคโปร์ที่ให้ใบอนุญาตจำหน่ายเนื้อเพาะเลี้ยงรายแรกของโลกในปี 2020 ราวกับว่า “เนื้อจากแล็บ” กำลังจะกลายเป็นนโยบายด้านความมั่นคงอาหารแห่งอนาคต

มันไม่ใช่เรื่องของการวิจัยอีกต่อไป แต่มันคือการปูทางอำนาจใหม่ ที่เปลี่ยน “อาหาร” ให้กลายเป็น “ซอฟต์แวร์ชีวภาพ” ที่จดทะเบียนครอบครองสิทธิ์แบบเดียวกับแอปในมือถือ

แล้วการใช้สื่อก็จะมาในรุปแบบที่ประชาชนโห่ร้องดีใจ เฉลิมฉลองการเกิดขึ้นของมันโดยไม่รู้สึกว่า เสรีภาพในการจัดการด้านอาหารสิ้นสุดลงแล้ว ในทางหนึ่ง มันอาจดูสวยงามไร้ที่ติ ช่วยลดการฆ่าสัตว์ ลดการปล่อยก๊าซเรือนกระจก และให้โปรตีนสะอาดแก่คนจำนวนมาก

แต่อีกทางหนึ่ง มันคือการรวมศูนย์อำนาจด้านอาหารไว้ในมือบริษัทยักษ์ใหญ่ ที่สามารถตั้งราคาตามใจ และควบคุมทุกขั้นตอนตั้งแต่ฟาร์ม (ในหลอดทดลอง) ถึงโต๊ะอาหารของเรา

เกษตรกรจะหมดบทบาท เพราะไม่มีใครต้องเลี้ยงสัตว์อีก ผู้บริโภคจะหมดทางเลือก เพราะสูตรทุกอย่างถูกจดสิทธิบัตร สุดท้าย คนธรรมดาอย่างเราอาจ “มีเงินก็ยังไม่มีสิทธิ์ทำอาหารกินเอง”

ไม่มีใครในหมู่บ้านจะต้มแกงจากวัตถุดิบแล็บเหล่านี้ได้โดยไม่จ่ายค่าลิขสิทธิ์ ไม่มีใครปลูกหรือเพาะเนื้อได้เอง เพราะเขาถือสิทธิบัตร ไม่มีใครรู้ส่วนผสมที่แท้จริง เพราะมันคือ “ความลับทางการค้า”

หลายๆคนเริ่มคิดในใจว่า…นี่ไม่ใช่เรื่องเล็กอีกต่อไป เพราะนี่อาจไม่ใช่แค่เนื้อจากห้องแล็บ แต่ มันคือจุดเริ่มต้นของอนาคตของอาหารที่ไม่เป็นของประชาชนอีกต่อไป มันคือการเริ่มต้นของยุคที่มนุษย์จะไม่สามารถ “เข้าครัวของตัวเอง” ได้อีกต่อไป

ไหนๆเราตามมาถึงตอนนี้แล้ว เข้าหมวดที่ 2 ของอาหารอนาคตแล้ว เฮียไม่ได้บอกว่าเทคโนโลยีไม่ดีนะครับ เราตัดสินเดี๋ยวนี้ไม่ได้ แต่เรารู้เรื่องของมันได้

แต่โลกนี้เต็มไปด้วยคำว่า “ดีต่อโลก” ที่ซ่อนคำว่า “ดีต่อผู้ถือหุ้น” อยู่ข้างใน เราอาจจะกำลังก้าวสู่ยุคที่ “เนื้อไม่ได้ปลอดภัยขึ้น แต่ถูกควบคุมง่ายขึ้น” และประชาชนก็อาจกลายเป็นเพียง “ผู้ใช้บริการเนื้อ” ที่ไม่มีสิทธิ์แม้แต่จะรู้ว่าเนื้อในจานคืออะไรบ้างแน่

โลกอาหารในอนาคตไม่ได้ขึ้นกับว่าเราปลูกอะไร แต่ขึ้นกับว่า “ใครจดสิทธิบัตรก่อน” และเมื่อถึงวันนั้น เฮียแอบคิดว่า เราอาจไม่ได้เสียแค่ฟาร์มและครัว แต่เรากำลังเสีย “เสรีภาพในการกิน” ไปอย่างช้า ๆ ด้วยรอยยิ้มของนักลงทุนและเสียบปรบมือจาก "ใครบางคน"

ทุกวันนี้ใครนิยมไดเอทอะไร ภูมิใจในการดูแลสุขภาพยังไง ก็ทำไปเหอะครับ ขอเพียงว่า เส้นทางที่เดินอยู่นั้น สนับสนุนเกษตกร สนับสนุน local ให้แข็งแรง ทุกสังคมมีทั้งคนดีและคนไม่ดี เราค่อยๆ verify สนับสนุนคนดีๆ แต่ไม่ใช่ไปเดียจฉันท์ลงโทษคนไม่ดี เราเสริมความรู้ให้เขา พยายามโอบอุ้มพวกเขา ถ้าชีวิตดีขึ้น การออมเห็นผลขึ้น อาจทำให้ชีวิตทุกคนดีขึ้น

#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ 812cff5a:5c40aeeb

ميزة حسابات Nostr: حرية مطلقة دون تقديم معلومات شخصية

في عصرٍ تسيطر فيه شركات التكنولوجيا الكبرى على بيانات المستخدمين، تأتي شبكة Nostr كحل جذري يعيد للمستخدم السيطرة على هويته الرقمية. واحدة من أبرز ميزات Nostr هي القدرة على إنشاء عدد غير محدود من الحسابات، دون الحاجة لتقديم أي معلومات شخصية، مثل رقم الهاتف أو البريد الإلكتروني.

مفاتيح بدل الحسابات

في Nostr، لا يوجد مفهوم "الحساب" التقليدي. بدلاً من ذلك، يتم إنشاء هوية المستخدم عبر زوج من المفاتيح: مفتاح خاص (Private Key) ومفتاح عام (Public Key). المفتاح العام يُستخدم لتعريفك ونشر مشاركاتك، بينما المفتاح الخاص يُستخدم لتوقيع تلك المشاركات وإثبات ملكيتك لها.

قابلية التنقل بين التطبيقات

الميزة الكبرى في هذا النموذج هي أن هذه المفاتيح يمكن استخدامها في أي تطبيق Nostr. سواء كنت تستخدم تطبيق Damus، أو Amethyst، أو أي عميل آخر، يمكنك استخدام نفس المفتاح العام للوصول إلى هويتك، منشوراتك، وقائمة متابعيك، بدون الحاجة لإعادة تسجيل أو إعادة بناء ملفك الشخصي في كل تطبيق.

لا تسجيل دخول، لا مركزية

بخلاف الشبكات الاجتماعية التقليدية التي تعتمد على تسجيل الدخول المركزي وكلمة مرور، فإن Nostr مبني على بروتوكول لا مركزي لا يحتاج إلى خوادم مركزية أو عمليات تسجيل دخول. هذا يعني أنك تتحكم بالكامل في بياناتك، ولا يمكن لأي جهة منعك أو حذف حسابك.

المرونة والخصوصية

• يمكنك إنشاء عدة مفاتيح لهويات مختلفة، كل منها تمثل شخصية مختلفة أو اهتمامًا معينًا.
• لا أحد يستطيع ربط هذه الحسابات ببعض أو تتبعها إلا إذا قمت أنت بذلك.
• يمكنك التخلي عن مفتاح واستبداله بآخر متى شئت، بدون طلب إذن من أي منصة.

خاتمة

ما يميز Nostr حقًا ليس فقط حريته التقنية، بل فلسفته المبنية على الخصوصية والتمكين. هو ليس مجرد بديل لتويتر أو فيسبوك، بل هو إطار جديد للتواصل الاجتماعي حيث الهوية تنبع من المستخدم، لا من المنصة.

@ eb0157af:77ab6c55

The IMF wants to ensure that the Central American country stops buying more bitcoins, despite President Bukele’s stance.

On May 27, the International Monetary Fund announced its intention to “guarantee” that El Salvador’s government-held Bitcoin reserves remain unchanged. This position is at odds with the statements of President Nayib Bukele, who continues to support the expansion of the country’s national Bitcoin wallet.

The announcement came as part of the first review of the Extended Fund Facility, a financing agreement that has reached a preliminary understanding between the parties. The original agreement, signed last December, includes limiting Bitcoin-related activities in exchange for a $1.4 billion financing package spread over 40 months.

Details of the agreement

The overall package could reach $3.5 billion thanks to additional support from other institutions, including the World Bank.

The Salvadoran Congress quickly approved the necessary amendments to incorporate the IMF’s terms into the Bitcoin Law. Among the most significant changes is the shift from mandatory to voluntary acceptance of Bitcoin payments in the private sector. However, although the law formally required businesses to accept Bitcoin as legal tender, this provision was never truly enforced in practice. Additionally, the country will have to cease its involvement in the Chivo wallet by the end of July.

The IMF Executive Board approved the financing agreement last February, allowing the country to receive an initial disbursement of $120 million after a separate approval by the board.

Bukele’s position

Despite the agreement with the IMF, President Bukele remains firm in his commitment to expanding the national Bitcoin reserves. In a post on X published in March, the Salvadoran leader stated:

“This all stops in April.” “This all stops in June.” “This all stops in December.”

No, it’s not stopping.

If it didn’t stop when the world ostracized us and most “bitcoiners” abandoned us, it won’t stop now, and it won’t stop in the future.

Proof of work > proof of whining https://t.co/9pC0PoY3YQ

— Nayib Bukele (@nayibbukele) March 4, 2025

Shortly after the IMF’s announcement, El Salvador’s Bitcoin Office posted on X that the country had once again purchased more BTC. According to the official tracker, El Salvador, through the Bitcoin Office, has accumulated 30 BTC in the past 30 days.

Last week, Bukele shared on X that the country’s Bitcoin reserves had recorded unrealized profits exceeding $357 million. However, when he reposted the IMF’s announcement, he made no comment regarding the section on restrictions for future Bitcoin purchases.

The IMF’s program aims to address El Salvador’s macroeconomic and structural challenges. The organization views the country’s Bitcoin reserves as a potential risk that “has not yet materialized,” but nonetheless requires limiting government involvement in Bitcoin activities and purchases.

The post El Salvador: IMF ready to block new Bitcoin purchases appeared first on Atlas21.

@ eb0157af:77ab6c55

Jack Dorsey’s company is bringing bitcoin payments to the retail market through the Lightning Network.

Block — the firm led by Dorsey that owns Square and Bitkey — has officially announced the integration of bitcoin payments into the Square platform, with a full rollout planned for 2026 for all eligible merchants.

Today: we’re accepting bitcoin payments at @TheBitcoinConf
Soon: you can accept bitcoin payments wherever you are

Details here: https://t.co/ko2S9hFpih pic.twitter.com/IYlYV6XM2S

— Square (@Square) May 27, 2025

At the Bitcoin Conference 2025 in Las Vegas, attendees had the chance to preview satoshi payments via Square at BTC Inc.’s merchandise store.

The technology relies on the Lightning Network, the second-layer infrastructure enabling instant, low-cost bitcoin transactions. This approach will allow merchants to accept satoshi payments through their existing Square hardware.

The implementation plan includes an initial launch in the second half of 2025, pending necessary regulatory approvals. The initiative represents a key pillar in the company’s strategy to make bitcoin more accessible for everyday transactions.

Miles Suter, Bitcoin Product Lead at Block, stated:

“Block has long been a champion of bitcoin, focused on making it more accessible and usable in our everyday lives. Rolling out a native bitcoin experience to millions of sellers brings us one step closer to that goal. When a coffee shop or retail store can accept bitcoin through Square, small businesses get paid faster, and get to keep more of their revenue.”

The announcement follows Dorsey’s statement last month confirming that Block was working to integrate BTC as a payment option for both Bitkey and Square.

Alongside the announcement, Block also revealed that Bitkey will introduce new privacy and security features in May, including a legacy recovery option available to all users.

The post Jack Dorsey’s Block to integrate Bitcoin payments into Square appeared first on Atlas21.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• This release introduces Payjoin v2 functionality to Bitcoin wallets on Cake, along with several UI/UX improvements and bug fixes.
• The Payjoin v2 protocol enables asynchronous, serverless coordination between sender and receiver, removing the need to be online simultaneously or maintain a server. This simplifies privacy-focused transactions for regular users.

"I cannot speak highly enough of how amazing it has been to work with @bitgould and Jaad from the@payjoindevkit team, they're doing incredible work. None of this would be possible without them and their tireless efforts. PDK made it so much easier to ship Payjoin v2 than it would have been otherwise, and I can't wait to see other wallets jump in and give back to PDK as they implement it like we did," said Seth For Privacy, VP at Cake Wallet.

How to started with Payjoin in Cake Wallet:

1. Open the app menu sidebar and click Privacy.
2. Toggle the Use Payjoin option.
3. Now on your receive screen you'll see an option to copy a Payjoin URL

• Bull Bitcoin Wallet v0.4.0 introduced Payjoin v2 support in late December 2024. However, the current implementations are not interoperable at the moment, an issue that should be addressed in the next release of the Bull Bitcoin Wallet.

• Cake Wallet was one of the first wallets to introduce Silent Payments back in May 2024. However, users may encounter sync issues while using this feature at present, which will be resolved in the next release of Cake Wallet.

What's new

• Payjoin v2 implementation.
• Wallet group improvements: Enhanced management of multiple wallets.
• Various bug fixes: improving overall stability and user experience.
• Monero (XMR) enhancements.

Learn more about using, implementing, and understanding BIP 77: Payjoin Version 2 using the payjoin crate in Payjoin Dev Kit here.

Announcement
Blog Post / Archive
GitHub Repo

@ eb0157af:77ab6c55

The Wall Street financial institution has signed strategic agreements for bitcoin-backed loans with Maple Finance and FalconX.

According to Bloomberg, on May 27 Cantor Fitzgerald officially launched its new division dedicated to Bitcoin lending, announcing the completion of the first transactions of its Bitcoin Financing Business. The Wall Street firm confirmed it has finalized a first round of deals with two crypto sector players: Maple Finance and FalconX.

The company initially plans to make up to $2 billion in financing available to institutional clients.

Brandon Lutnick, President of Cantor Fitzgerald, commented:

“From the start, Cantor recognized the transformative impact that financial services for digital assets would have on the global economy. This milestone highlights how the combination of Cantor’s deep expertise and entrepreneurial spirit creates a distinctive advantage on Wall Street.”

The partnership with Maple Finance is part of Cantor’s broader expansion strategy. Sidney Powell, Co-Founder and CEO of Maple Finance, emphasized how the deal will expand his company’s ability to serve clients looking to access the digital asset market:

“We’re seeing strong and growing demand from institutions seeking to enter the crypto market through trusted and regulated channels.”

Josh Barkhordar, Head of U.S. Sales at FalconX, stated:

“Digital assets have lacked the institutional-grade credit infrastructure essential for healthy capital markets. This collaboration between Cantor and a crypto-native firm is a meaningful step toward building that framework.”

To ensure the security and reliability of its bitcoin-backed financing services, Cantor Fitzgerald has selected Anchorage Digital and Copper.co for custody solutions.

The post Cantor Fitzgerald launches first bitcoin-backed loans appeared first on Atlas21.

@ eb0157af:77ab6c55

Block’s hardware wallet sparks debate between security and borderline compromises.

The debate ignited after Jack Dorsey publicly supported the superiority of “seedless” wallets over traditional solutions on X.

seedless is safer https://t.co/MvjmFcQE8k

— jack (@jack) May 27, 2025

The Twitter co-founder and Block CEO sustained this by promoting Bitkey, a company that completely eliminates seed phrases, aiming to simplify the user experience and improve security through different recovery options.

The Bitkey model

Bitkey represents a different solution compared to the traditional approach to bitcoin custody. Instead of relying on a single seed phrase, the system implements a 2-of-3 multisig scheme that distributes security across three distinct keys:

• Hardware key: protected by biometric fingerprint on the physical device;
• Mobile key: stored in the smartphone app;
• Server key: managed by Block’s servers.

Any transaction requires two of the three signatures, eliminating the single point of failure represented by traditional seed phrases, the company claims. In its official documents, Bitkey explains how this approach, according to the company, offers three different recovery paths: phone loss, hardware loss, or loss of both through “Trusted Contacts,” pre-set trusted people who can help the user regain wallet access without being able to see the balance or control the private keys.

The seed phrase criticism

For the Bitkey team, the seed phrase paradoxically represents the weakest link in the Bitcoin security chain. While private keys are “exceptionally secure” within the hardware – “designed for security, isolated from networks, physically reinforced” – the seed phrase is “plain text, readable, physically vulnerable,” the company states.

Bitkey developers argue that the industry has “offloaded the most complex part of the security model onto individuals least equipped to handle it.”

System limits and dependencies

However, Bitkey’s simplicity comes at a price. The system introduces a dependency on Block for optimal multisig functionality. Although users always maintain the ability to move funds using the two keys in their possession, recovery procedures and many advanced features require collaboration from the company’s servers.

This architecture presents limitations in terms of flexibility: users cannot use Bitkey with other mobile applications, cannot import the wallet into alternative solutions, and do not have direct access to seed phrases for traditional backup operations.

One of the most frequent criticisms concerns the absence of a screen on the hardware device. Unlike traditional hardware wallets that allow direct verification of destination addresses and transaction amounts on the device display, Bitkey forces users to rely exclusively on the mobile app for these details. This design choice introduces what critics define as a “blind signing risk”: if the mobile app were compromised by malware, users could unknowingly authorize altered transactions without the possibility of independent verification.

Community criticism

Dorsey’s post sparked contrasting reactions in the community. The most orthodox bitcoiners mainly contest two aspects:

• third-party dependency: despite Bitkey maintaining the “self-custody” label, the need to rely on Block’s servers for many operations contradicts the autonomy principles that many bitcoiners consider fundamental;
• loss of technical control: the inability to directly manage the seed phrase or use the device in customized multisig configurations limits the user’s technical sovereignty.

Some users have criticized Block’s hardware wallet. User bamskki highlighted how “the lack of a screen forces users to rely on the app for transaction details. Unlike traditional hardware wallets with screens, Bitkey users cannot verify transactions independently. Users must trust the app as the source of truth.”

Even more critical was user nakadai_mon, who ironized about Dorsey’s strategy writing: “It would be a shame if I influenced you to abandon the seed and locked you into my ecosystem so I can surveil you, sell and share your personal data with government authorities and deny you service.”

Dorsey responded directly to both criticisms. To bamskki he replied:

it's a start, not our end. we will iterate the product like everything else.

— jack (@jack) May 28, 2025

More articulated was his response to nakadai_mon:

we are working on much of the privacy aspects (launching soon). and you don't have to use our 3rd key. that's where some of the restrictions come in. working to figure out how to allow folks to create their own trusted 3rd party as well. but all of this is designed to get people…

— jack (@jack) May 28, 2025

However, privacy concerns are not unfounded. Bitkey’s own documentation clarifies that “because we maintain this key, we are able to identify transaction data on the blockchain related to your Bitkey” and that “this information is collected when you transfer bitcoin to or from your Bitkey.”

Additionally, Block declares using automated decision-making systems, without direct staff involvement, to manage some activities that have legal effects on users. Among these, the application of sanctions restrictions: the system is programmed to automatically prevent the purchase and use of Bitkey by people or countries subject to international sanctions. Finally, the privacy policy specifies that users’ personal data can be shared with law enforcement, government agencies, officials, or authorized third parties in the presence of a warrant, court order, or other legal obligation. Block reserves the right to disclose this information whenever it deems necessary to comply with regulations, legal proceedings, or government requests.

Hardware security and compromises

From a hardware security perspective, Bitkey implements advanced protections including unique device identifiers, secure boot, and anti-tamper technologies. In case the device were compromised, an attacker would still need to access a second key to steal funds.

According to Dorsey’s statements, Bitkey represents an attempt to make self-custody accessible to a broader audience. The company’s roadmap promises improvements in terms of privacy, security, and usability.

The post Bitkey controversy: Dorsey’s marketing divides the community appeared first on Atlas21.

@ dfa02707:41ca50e3

• This version introduces the Soroban P2P network, enabling Dojo to relay transactions to the Bitcoin network and share others' transactions to break the heuristic linking relaying nodes to transaction creators.

• Additionally, Dojo admins can now manage API keys in DMT with labels, status, and expiration, ideal for community Dojo providers like Dojobay. New API endpoints, including "/services" exposing Explorer, Soroban, and Indexer, have been added to aid wallet developers.
• Other maintenance updates include Bitcoin Core, Tor, Fulcrum, Node.js, plus an updated ban-knots script to disconnect inbound Knots nodes.

"I want to thank all the contributors. This again shows the power of true Free Software. I also want to thank everyone who donated to help Dojo development going. I truly appreciate it," said Still Dojo Coder.

What's new

• Soroban P2P network. For MyDojo (Docker setup) users, Soroban will be automatically installed as part of their Dojo. This integration allows Dojo to utilize the Soroban P2P network for various upcoming features and applications.
• PandoTx. PandoTx serves as a transaction transport layer. When your wallet sends a transaction to Dojo, it is relayed to a random Soroban node, which then forwards it to the Bitcoin network. It also enables your Soroban node to receive and relay transactions from others to the Bitcoin network and is designed to disrupt the assumption that a node relaying a transaction is closely linked to the person who initiated it.
  • Pushing transactions through Soroban can be deactivated by setting NODE_PANDOTX_PUSH=off in docker-node.conf.
  • Processing incoming transactions from Soroban network can be deactivated by setting NODE_PANDOTX_PROCESS=off in docker-node.conf.
• API key management has been introduced to address the growing number of people offering their Dojos to the community. Dojo admins can now access a new API management tab in their DMT, where they can create unlimited API keys, assign labels for easy identification, and set expiration dates for each key. This allows admins to avoid sharing their main API key and instead distribute specific keys to selected parties.
• New API endpoints. Several new API endpoints have been added to help API consumers develop features on Dojo more efficiently:
  • New:
    • /latest-block - returns data about latest block
    • /txout/:txid/:index - returns unspent output data
    • /support/services - returns info about services that Dojo exposes
  • Updated:
    • /tx/:txid - endpoint has been updated to return raw transaction with parameter ?rawHex=1
  • The new /support/services endpoint replaces the deprecated explorer field in the Dojo pairing payload. Although still present, API consumers should use this endpoint for explorer and other pairing data.

Other changes

• Updated ban script to disconnect inbound Knots nodes.
• Updated Fulcrum to v1.12.0.
• Regenerate Fulcrum certificate if expired.
• Check if transaction already exists in pushTx.
• Bump BTC-RPC Explorer.
• Bump Tor to v0.4.8.16, bump Snowflake.
• Updated Bitcoin Core to v29.0.
• Removed unnecessary middleware.
• Fixed DB update mechanism, added api_keys table.
• Add an option to use blocksdir config for bitcoin blocks directory.
• Removed deprecated configuration.
• Updated Node.js dependencies.
• Reconfigured container dependencies.
• Fix Snowflake git URL.
• Fix log path for testnet4.
• Use prebuilt addrindexrs binaries.
• Add instructions to migrate blockchain/fulcrum.
• Added pull policies.

#FREESAMOURAI

Learn how to set up and use your own Bitcoin privacy node with Dojo here.

Announcement / Archive
GitHub Repo

@ 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.

@ 8bad92c3:ca714aa5

Marty's Bent

Last week we covered the bombshell developments in the Samourai Wallet case. For those who didn't read that, last Monday the world was made aware of the fact that the SDNY was explicitly told by FinCEN that the federal regulator did not believe that Samourai Wallet was a money services business six months before arresting the co-founders of Samourai Wallet for conspiracy to launder money and illegally operating a money services business. This was an obvious overstep by the SDNY that many believed would be quickly alleviated, especially considering the fact that the Trump administration via the Department of Justice has made it clear that they do not intend to rule via prosecution.

It seems that this is not the case as the SDNY responded to a letter sent from the defense to dismiss the case by stating that they fully plan to move forward. Stating that they only sought the recommendations of FinCEN employees and did not believe that those employees' comments were indicative of FinCEN's overall views on this particular case. It's a pretty egregious abuse of power by the SDNY. I'm not sure if the particular lawyers and judges within the Southern District of New York are very passionate about preventing the use of self-custody bitcoin and products that enable bitcoiners to transact privately, or if they're simply participating in a broader meta war with the Trump administration - who has made it clear to federal judges across the country that last Fall's election will have consequences, mainly that the Executive Branch will try to effectuate the policies that President Trump campaigned on by any legal means necessary - and Samouari Wallet is simply in the middle of that meta war.

However, one thing is pretty clear to me, this is an egregious overstep of power. The interpretation of that law, as has been laid out and confirmed by FinCEN over the last decade, is pretty clear; you cannot be a money services business if you do not control the funds that people are sending to each other, which is definitely the case with Samourai Wallet. People downloaded Samourai Wallet, spun up their own private-public key pairs and initiated transactions themselves. Samourai never custodied funds or initiated transactions on behalf of their users. This is very cut and dry. Straight to the point. It should be something that anyone with more than two brain cells is able to discern pretty quickly.

It is imperative that anybody in the industry who cares about being able to hold bitcoin in self-custody, to mine bitcoin, and to send bitcoin in a peer-to-peer fashion makes some noise around this case. None of the current administration's attempts to foster innovation around bitcoin in the United States will matter if the wrong precedent is set in this case. If the SDNY is successful in prosecuting Samourai Wallet, it will mean that anybody holding Bitcoin in self-custody, running a bitcoin fold node or mining bitcoin will have to KYC all of their users and counterparts lest they be labeled a money services business that is breaking laws stemming from the Bank Secrecy Act. This will effectively make building a self-custody bitcoin wallet, running a node, or mining bitcoin in tillegal in the United States. The ability to comply with the rules that would be unleashed if this Samourai case goes the wrong way, are such that it will effectively destroy the industry overnight.

It is yet to be seen whether or not the Department of Justice will step in to publicly flog the SDNY and force them to stop pursuing this case. This is the only likely way that the case will go away at this point, so it is very important that bitcoiners who care about being able to self-custody bitcoin, mine bitcoin, or send bitcoin in a peer-to-peer fashion in the United States make it clear to the current administration and any local politicians that this is an issue that you care deeply about. If we are too complacent, there is a chance that the SDNY could completely annihilate the bitcoin industry in America despite of all of the positive momentum we're seeing from all angles at the moment.

Make some noise!

Bitcoin Adoption by Power Companies: The Next Frontier

In my recent conversation with Andrew Myers from Satoshi Energy, he shared their ambitious mission to "enable every electric power company to use bitcoin by block 1,050,000" – roughly three years from now. This strategic imperative isn't just about creating new Bitcoin users; it's about sovereignty. Andrew emphasized that getting Bitcoin into the hands of energy companies who value self-sovereignty creates a more balanced future economic landscape. The excitement was palpable as he described how several energy companies are already moving beyond simply selling power to Bitcoin miners and are beginning to invest in mining operations themselves.

"You have global commodity companies being like, 'Oh, this is another commodity – we want to invest in this, we want to own this,'" - Andrew Myers

Perhaps most fascinating was Andrew's revelation about major energy companies in Texas developing Bitcoin collateral products for power contracts – a practical application that could revolutionize how energy transactions are settled. As energy companies continue embracing Bitcoin for both operations and collateral, we're witnessing the early stages of a profound shift in how critical infrastructure interfaces with sound money. The implications for both sectors could be transformative.

Check out the full podcast here for more on remote viewing, Nikola Tesla's predictions, and the convergence of Bitcoin and AI technology. We cover everything from humanoid robots to the energy demands of next-generation computing.

Headlines of the Day

Steak n Shake to Accept Bitcoin at All Locations May 16 - via X

Facebook Plans Crypto Wallets for 3B Users, Bitcoin Impact Looms - via X

Trump Urges Americans to Buy Stocks for Economic Boom - via X

UK Drops Tariffs, U.S. Farmers Set to Reap Major Benefits - via X

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Final thought...

Happy belated Mother's Day to all the moms out there.

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@ b1ddb4d7:471244e7

In the heart of East Africa, where M-Pesa reigns supreme and innovation pulses through bustling markets, a quiet revolution is brewing—one that could redefine how millions interact with money.

Enter Bitika, the Kenyan startup turning bitcoin’s complexity into a three-step dance, merging the lightning speed of sats with the trusted rhythm of mobile money.

At the helm is a founder whose “aha” moment came not in a boardroom, but at his kitchen table, watching his father grapple with the gap between understanding bitcoin and actually using it.

Bitika was born from that friction—a bridge between M-Pesa’s ubiquity and bitcoin’s borderless promise, wrapped in a name as playful as the Swahili slang that inspired it.

But this isn’t just a story about simplifying transactions. It’s about liquidity battles, regulatory tightropes, and a vision to turn Bitika into the invisible rails powering Africa’s Bitcoin future.

Building on Bitcoin

• Tell us a bit about yourself and how you got into bitcoin/fintech, and what keeps you passionate about this space?

I first came across bitcoin in 2020, but like many at that time, I didn’t fully grasp what it really was. It sounded too complicated, probably with the heavy terminologies. Over time, I kept digging deeper and became more curious.

I started digging into finance and how money works and realised this was what I needed to understand bitcoin’s objectives. I realized that bitcoin wasn’t just a new type of money—it was a breakthrough in how we think about freedom, ownership, and global finance.

What keeps me passionate is how bitcoin can empower people—especially in Africa—to take control of their wealth, without relying on unstable systems or middlemen.

• What pivotal moment or experience inspired you to create Bitika? Was there a specific gap in Kenya’s financial ecosystem that sparked the idea?

Yes, this idea was actually born right in my own home. I’ve always been an advocate for bitcoin, sharing it with friends, family, and even strangers. My dad and I had countless conversations about it. Eventually, he understood the concept. But when he asked, “How do I even buy bitcoin?” or “Can you just buy it for me?” and after taking him through binance—that hit me.

If someone I’d educated still found the buying process difficult, how many others were feeling the same way? That was the lightbulb moment. I saw a clear gap: the process of buying bitcoin was too technical for the average Kenyan. That’s the problem Bitika set out to solve.

• How did you identify the synergy between bitcoin and M-Pesa as a solution for accessibility?

M-Pesa is at the center of daily life in Kenya. Everyone uses it—from buying groceries to paying rent. Instead of forcing people to learn new tools, I decided to meet them where they already are. That synergy between M-Pesa and bitcoin felt natural. It’s about bridging what people already trust with something powerful and new.

• Share the story behind the name “Bitika” – does it hold a cultural or symbolic meaning?

Funny enough, Bitika isn’t a deeply planned name. It came while I was thinking about bitcoin and the type of transformation it brings to individuals. In Swahili, we often add “-ka” to words for flair—like “bambika” from “bamba.”

So, I just coined Bitika as a playful and catchy way to reflect something bitcoin-related, but also uniquely local. I stuck with it because thinking of an ideal brand name is the toughest challenge for me.

• Walk us through the user journey – how does buying bitcoin via M-Pesa in “3 simple steps” work under the hood?

It’s beautifully simple.

1. The user enters the amount they want to spend in KES—starting from as little as 50 KES (about $0.30).

2. They input their Lightning wallet address.

3. They enter their M-Pesa number, which triggers an STK push (payment prompt) on their phone. Once confirmed—pap!—they receive bitcoin almost instantly.

Under the hood, we fetch the live BTC price, validate wallet addresses, check available liquidity, process the mobile payment, and send sats via the Lightning Network—all streamlined into a smooth experience for the user.

• Who’s Bitika’s primary audience? Are you focusing on unbanked populations, tech enthusiasts, or both?

Both. Bitika is designed for everyday people—especially the unbanked and underbanked who are excluded from traditional finance. But we also attract bitcoiners who just want a faster, easier way to buy sats. What unites them is the desire for a seamless and low-barrier bitcoin experience.

Community and Overcoming Challenges

• What challenges has Bitika faced navigating Kenya’s bitcoin regulations, and how do you build trust with regulators?

Regulation is still evolving here. Parliament has drafted bills, but none have been passed into law yet. We’re currently in a revision phase where policymakers are trying to strike a balance between encouraging innovation and protecting the public.

We focus on transparency and open dialogue—we believe that building trust with regulators starts with showing how bitcoin can serve the public good.

• What was the toughest obstacle in building Bitika, and how did you overcome it?

Liquidity. Since we don’t have deep capital reserves, we often run into situations where we have to pause operations often to manually restock our bitcoin supply. It’s frustrating—for us and for users. We’re working on automating this process and securing funding to maintain consistent liquidity so users can access bitcoin at any time, without disruption.

This remains our most critical issue—and the primary reason we’re seeking support.

• Are you eyeing new African markets? What’s next for Bitika’s product?

Absolutely. The long-term vision is to expand Bitika into other African countries facing similar financial challenges. But first, we want to turn Bitika into a developer-first tool—infrastructure that others can build on. Imagine local apps, savings products, or financial tools built using Bitika’s simple bitcoin rails. That’s where we’re heading. 

• What would you tell other African entrepreneurs aiming to disrupt traditional finance?

Disrupting finance sounds exciting—but the reality is messy. People fear what they don’t understand. That’s why simplicity is everything. Build tools that hide the complexity, and focus on making the user’s life easier. Most importantly, stay rooted in local context—solve problems people actually face.

What’s Next?

• What’s your message to Kenyans hesitant to try bitcoin, and to enthusiasts watching Bitika?

To my fellow Kenyans: bitcoin isn’t just an investment—it’s a sovereign tool. It’s money you truly own. Start small, learn, and ask questions.

To the bitcoin community: Bitika is proof that bitcoin is working in Africa. Let’s keep pushing. Let’s build tools that matter.

• How can the bitcoin community, both locally and globally, support Bitika’s mission?

We’re currently fundraising on Geyser. Support—whether it’s financial, technical, or simply sharing our story—goes a long way. Every sat you contribute helps us stay live, grow our liquidity, and continue building a tool that brings bitcoin closer to the everyday person in Africa.

Support here: https://geyser.fund/project/bitika

@ 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.

@ 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

@ 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.

@ 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

@ 8bad92c3:ca714aa5

Marty's Bent

via me

It seems like every other day there's another company announced that is going public with the intent of competing with Strategy by leveraging capital markets to create financial instruments to acquire Bitcoin in a way that is accretive for shareholders. This is certainly a very interesting trend, very bullish for bitcoin in the short-term, and undoubtedly making it so bitcoin is top of mind in the mainstream. I won't pretend to know whether or not these strategies will ultimately be successful or fail in the short, medium or long term. However, one thing I do know is that the themes that interest me, both here at TFTC and in my role as Managing Partner at Ten31, are companies that are building good businesses that are efficient, have product-market-fit, generate revenues and profits and roll those profits into bitcoin.

While it seems pretty clear that Strategy has tapped into an arbitrage that exists in capital markets, it's not really that exciting. From a business perspective, it's actually pretty straightforward and simple; find where potential arbitrage opportunities exists between pools of capital looking for exposure to spot bitcoin or bitcoin's volatility but can't buy the actual asset, and provide them with products that give them access to exposure while simultaneously creating a cult-like retail following. Rinse and repeat. To the extent that this strategy is repeatable is yet to be seen. I imagine it can expand pretty rapidly. Particularly if we have a speculative fervor around companies that do this. But in the long run, I think the signal is falling back to first principles, looking for businesses that are actually providing goods and services to the broader economy - not focused on the hyper-financialized part of the economy - to provide value and create efficiencies that enable higher margins and profitability.

With this in mind, I think it's important to highlight the combined leverage that entrepreneurs have by utilizing bitcoin treasuries and AI tools that are emerging and becoming more advanced by the week. As I said in the tweet above, there's never been a better time to start a business that finds product-market fit and cash flows quickly with a team of two to three people. If you've been reading this rag over the last few weeks, you know that I've been experimenting with these AI tools and using them to make our business processes more efficient here at TFTC. I've also been using them at Ten31 to do deep research and analysis.

It has become abundantly clear to me that any founder or entrepreneur that is not utilizing the AI tools that are emerging is going to get left behind. As it stands today, all anyone has to do to get an idea from a thought in your head to the prototype stage to a minimum viable product is to hop into something like Claude or ChatGPT, have a brief conversation with an AI model that can do deep research about a particular niche that you want to provide a good service to and begin building.

Later this week, I will launch an app called Opportunity Cost in the Chrome and Firefox stores. It took me a few hours of work over the span of a week to ideate and iterate on the concept to the point where I had a working prototype that I handed off to a developer who is solving the last mile problem I have as an "idea guy" of getting the product to market. Only six months ago, accomplishing something like this would have been impossible for me. I've never written a line of code that's actually worked outside of the modded MySpace page I made back in middle school. I've always had a lot of ideas but have never been able to effectively communicate them to developers who can actually build them. With a combination of ChatGPT-03 and Replit, I was able to build an actual product that works. I'm using it in my browser today. It's pretty insane.

There are thousands of people coming to the same realization at the same time right now and going out there and building niche products very cheaply, with small teams, they are getting to market very quickly, and are amassing five figures, six figures, sometimes seven figures of MRR with extremely high profit margins. What most of these entrepreneurs have not really caught on to yet is that they should be cycling a portion - in my opinion, a large portion - of those profits into bitcoin. The combination of building a company utilizing these AI tools, getting it to market, getting revenue and profits, and turning those profits into bitcoin cannot be understated. You're going to begin seeing teams of one to ten people building businesses worth billions of dollars and they're going to need to store the value they create, any money that cannot be debased.

Grant Gilliam, one of the co-founders of Ten31, wrote about this in early 2024, bitcoin being the fourth lever of equity value growth for companies.

[

Bitcoin Treasury - The Fourth Lever to Equity Value Growth

Most companies do not hold enough bitcoin There is a saying you often hear in bitcoin circles that “you can never have enough bitcoin.” This is typically expressed by those who have spent the time to both understand bitcoin’s unique and superior monetary properties and also to appreciate why tho

Ten31 - Investors in bitcoin infrastructure and freedom techGrant Gilliam

](https://ten31.vc/insights/treasury?ref=tftc.io)

We already see this theme playing out at Ten31 with some of our portfolio companies, most notably Strike, which recently released some of their financials, highlighting the fact that they're extremely profitable with high margins and a relatively small team (~75). This is extremely impressive, especially when you consider the fact that they're a global company competing with the likes of Coinbase and Block, which have each thousands of employees.

Even those who are paying attention to the developments in the AI space and how the tools can enable entrepreneurs to build faster aren't really grasping the gravity of what's at play here. Many are simply thinking of consumer apps that can be built and distributed quickly to market, but the ways in which AI can be implemented extend far beyond the digital world. Here's a great example of a company a fellow freak is building with the mindset of keeping the team small, utilizing AI tools to automate processes and quickly push profits into bitcoin.

via Cormac

Again, this is where the exciting things are happening in my mind. People leveraging new tools to solve real problems to drive real value that ultimately produce profits for entrepreneurs. The entrepreneurs who decide to save those profits in bitcoin will find that the equity value growth of their companies accelerates exponentially as they provide more value, gain more traction, and increase their profits while also riding the bitcoin as it continues on its monetization phase. The compounded leverage of building a company that leverages AI tools and sweeps profits into bitcoin is going to be the biggest asymmetric play of the next decade. Personally, I also see it as something that's much more fulfilling than the pure play bitcoin treasury companies that are coming to market because consumers and entrepreneurs are able to recive and provide a ton of value in the real economy.

If you're looking to stay on top of the developments in the AI space and how you can apply the tools to help build your business or create a new business, I highly recommend you follow somebody like Greg Isenberg, whose Startup Ideas Podcast has been incredibly valuable for me as I attempt to get a lay of the land of how to implement AI into my businesses.

America's Two Economies

In my recent podcast with Lyn Alden, she outlined how our trade deficits create a cycle that's reshaping America's economic geography. As Alden explained, US trade deficits pump dollars into international markets, but these dollars don't disappear - they return as investments in US financial assets. This cycle gradually depletes industrial heartlands while enriching financial centers on the coasts, creating what amounts to two separate American economies.

"We're basically constantly taking economic vibrancy out of Michigan and Ohio and rural Pennsylvania where the steel mills were... and stuffing it back into financial assets in New York and Silicon Valley." - Lyn Alden

This pattern has persisted for over four decades, accelerating significantly since the early 1980s. Alden emphasized that while economists may argue there's still room before reaching a crisis point, the political consequences are already here. The growing divide between these two Americas has fueled populist sentiment as voters who feel left behind seek economic rebalancing, even if they can't articulate the exact mechanisms causing their hardship.

Check out the full podcast here for more on China's man

@ 491afeba:8b64834e

Quando adolescente eu acreditava na coerência da teoria de "amor líquido" do polonês, sociólogo, Zygmunt Bauman, apresentada no livro "Amor Líquido: Sobre a Fragilidade dos Laços Humanos", qual no meu amadurecimento em estudos, sejam eles no meio acadêmico ou fora, percebo como uma das formas mais rasas de explicar as mudanças e transformações dos padrões de relações sócio-afetivas dos humanos. A seguir colocar-me-ei na minha juventude não tanto recente, direi então que nós, se adolescentes e conservadores, ou mesmo jovens adultos mais conservadores, costumamos levar como dogma uma óptica decadentista generalizada de todos os avanços de eras dos homens, universalizamos por nos ser comum a indistinção entre humanidade e humanidades, ou mesmo "humanity" e "humankind" ("humanidade" como espécime e "humanidade" como um universal), compreendemos toda "essas" como "essa" e indistinguimos as sociedades para com os homens, ou seja, a incapacidade de definir os seres dentro de suas respectivas singularidades e especificidades nos leva ao decadentismo generalista (a crença de que de forma geral, e universal, a "civilização universal" decai moralmente, éticamente, materialmente e espiritualmente), que aparente à nós determinadas mudanças nas relações humanas quanto ao caráter sócio-afetivo, por falta de profundidade e critérios ainda sobre questões alinhadas aos métodos e coerências, ou incoerências, lógicas, nós se jovens e conservadores somos levados ao engodo de concordar com a teoria do amor líquido de Bauman, que devo cá explicar de antemão: trata ela, a teoria, o padrão de "amor" dos tempos presentes como frágil, de prazo (curto e médio) e diferente em grau comparativamente ao amor comum das eras passadas.

Aos jovens mais progressistas opera uma compreensão dialética sobre as eras dos homens nos seu tempo presente, na qual ao tempo que o ser progride ele também regride simultaneamente, ou seja, a medida que aparecem contradições advindas de transformações materiais da realidade humana o ser supera essas contradições e progride em meio as transformações, ainda fazendo parte da lógica dessa indissociavelmente, assim constantemente progredindo e regredindo, havendo para esses dois vetores de distinção: o primeiro é o que releva questões espirituais como ao caráter do pensamento "new age", o segundo ignora essas questões por negar a existência da alma, seguem ao materialismo. Cedem em crer na teoria baumaninana como dogma, pois não encontram outros meios para explicar as transformações da sociedade na esfera sócio-afetiva sem que haja confrontamento direto com determinadas premissas assim pertinemente presentes, ou por não conciliarem com análises relativamente superiores, como a de Anthony Giddens sobre a "relação pura" em "A Transformação da Intimidade" e de François de Singly apresentada em "Sociologie du Couple".

https://i.pinimg.com/736x/6f/b4/9e/6fb49eda2c8cf6dc837a0abfc7e108e6.jpg

Há um problema quando uma teoria deixa de assim ser para vir a tornar-se mais um elemento desconexo da ciência, agora dentro da cultura pop, se assim podemos dizer, ou da cultura de massa, ou se preferirem mesmo "anticultura", esse problema é a sua deformização teórica, tornando-se essa rasa para sua palatabilidade massiva, somada a incapacidade de partes da sociedade civil em compreender as falhas daquilo que já foi massificado. Tive surpresa ao entender que muitos outros compartilham da mesma opinião, a exemplo, possuo um amigo na faculdade, marxista, que ao falarmos sobre nossos projetos de pesquisa, citou ele o projeto de um de nossos colegas, no qual esse referido um de nossos colegas faria seu projeto com base na teoria do amor líquido de Bauman, então alí demos risada disso, ora, para nós a teoria baumaniana é furada, passamos a falar sobre Bauman e o motivo pelo qual não gostávamos, lá fiquei até surpreso em saber que mais gente além de mim não gostava da teoria de Bauman, pois ao que eu via na internet era rede de enaltecimentos à figura e à sua teoria, tal como fosse uma revelação partindo de alguma divindade da Idade do Bronze. Pouco tempo depois tive em aula de teoria política uma citação de Bauman partindo do professor que ministrava a disciplina, no entanto, ao citar o nome de Bauman o mesmo fez uma feição na qual aparentava segurar risada, provavelmente ele também não levava Bauman à sério. Não devo negar que todas as vezes que vejo o sociólogo sendo citado em alguma nota no X, no Instagram ou qualquer outra rede social, tal como fosse um referencial teórico bom, sinto uma vergonha alheia pois alí tenho uma impressão de que a pessoa não leu Bauman e usa o referencial teórico como um fato já assim provado e comprovado.

Há pontos positivos na teoria baumaniana, como a capacidade de perceber o problema e correlacioná-lo à modernidade, assim como sucitar a influência do que há de material no fenômeno, porém os erros são pertinentes: o primeiro problema é de categoria. Não há, por parte de Bauman noção alguma entre as dissociações dos amores, não há atenção sobre o amor como estrutura ou ele como um sentimento, todo ele é compreendido uniformemente como "amor", partindo do pressuposto que todas as relações, todas elas, são firmadas com base no amor. Essa crença tem uma origem: Hegel. Nos Escritos Teológicos Hegel partia da crença que o amor ligava os seres relacionalmente como uma força de superação e alienação, mas há de compreendermos que esse Friedrich Hegel é o jovem ainda pouco maduro em suas ideias e seu sistema de pensamento, mais a frente, em "Fenomenologia do Espírito e na Filosofia do Direito", Hegel compreende a institucionalidade do direito no amor e a institucionalização dessa força, assim aproxima-se da realidade a respeito da inserção do amor nas esferas práticas do humano, porém essa ideia, apesar de imperfeita, pois ao que sabemos não é o amor que consolida a relação, mas sim a Verdade (Alétheia), conforme apontado por Heidegger em "Ser e Tempo", essa ideia do amor como a fundamento das relações humanas influenciou, e até hoje influencia, qualquer análise sobre as relações humanas fora da esfera materialista, fora dessa pois, melhormente explicado em exemplo, os marxistas (em exemplo), assim como Marx, consideram como base primordial das relações as condições materiais.

Por certo, não é de todo amor a base para a solidificação, ora, erram aqueles que creem que somente essa força, assim apontada por Hegel, constituiam todos os relacionamentos formais como pilares fundamentais, pois em prática as famílias eram até a fiduciarização dessas, por mais paradoxal que seja, compreendidas melhor como instituições orgânicas de caráter legal do que conluios de afetividades. A família outrora tinha consigo aparelhos de hierarquia bem estabelicidos, quais prezavam pela ordem interna e externa, que acima dessa instituição estava somente a Igreja (outra instituição), com sua fiduciarização [da família] após o movimento tomado pelos Estados nacionais em aplicação do casamento civil mudou-se a lógica das partes que a compõe, findou-se o princípio da subsidiariedade (não intervenção de determinadas instituições nas decisões quais podem ser exercidas em resuluções de problemas nas competências de quaisquer instituições), foi-se então, contudo, também a autoridade, e nisso revela-se um outro problema não apontado na teoria de Bauman: qual o padrão do amor "sólido"? Pois, ora, sociedades tradicionais não abdicavam do relevar dos amores para tornar seus filhos em ativos nas práticas de trocas (dádivas)? É notório que esse padrão se dissocia do padrão de sentimento apontado por Bauman, encontramos esse fato em estudo nos trabalhos "Ensaio Sobre a Dádiva", do Marcel Mauss, e "As Estruturas Elementares do Parentesco", do Claude Levi-Strauss, quais expõem que nas sociedades "sólidas", tradicionais, relevava-se mais questões institucionais que as sentimentais para a formação de laços (teoria da aliança). Muitas das relações passadas não eram baseadas no amor, não significando assim que as de hoje, em oposição, sejam, mas que permanecem-se semelhantes em base, diferentemente em grau e forma.

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Ora, ainda existem casamentos motivados pela política, pelo status, pelo prestígio, pelos bens, pelo poder, pela influência familiar e assim sucetivamente, tal como no passado, ocorre que essa prática tornou-se oculta, não mais explícita e aparente, devo dizer ainda que em partes, pois prepondera em nosso tempo uma epidemia de adultérios, fornicações, práticas lascivas e demais práticas libertinosas explicitamente, em contraposição às práticas ocultas em vergonhas de sociedades sem declínio moral e espiritual, o que nos leva a questionar o método comparativo em dicotomia temporal "presente x passado" aplicado por Bauman, no qual segue-se da seguinte forma:

                     Transformação
Passado = *sólido* | Presente = *líquido*

Categorias
Padrão de amor: tradicional (*sólido*)
                            moderno (*líquido*)

*Sólido* = estável, prazo (médio-grande), profundo, determinado.
*Líquido* = instável, prazo (curto-médio), raso, indeterminado.

O que penso é: Zygmunt Bauman buscou uma explicação material e laical para desviar ao fato de que há uma notória correlação entre espiritualização da sociedade, se voltada à Verdade, com a estabilidade das instituições, o que é já reduzido à moral religiosa, somente, não à mística, como por pensadores da linha de Tocqueville, ou em abordagens também mais laical (positivista) porém ainda relevantes, como Émile Durkheim em "As Formas Elementares da Vida Religiosa" e Max Weber em "A Ética Protestante e o Espírito do Capitalismo", contrapondo uma abordage mais voltada, de fato, a espiritualidade, como Christopher Dawnson, que defende essa teoria em "Religião e o Surgimento da Cultura Ocidental", e Eric Voegelin, principalmente nas obras "A Nova Ciência da Política" e "Ordem e História".

Encerrando, minha cosmovisão é a católica, o sistema de crença e religião qual sigo é do Deus que se fez homem por amor aos seus filhos, não posso negar ou mesmo omitir o fato de que, por trás de toda a minha crítica estão meus pensamentos e minhas convicções alinhadas àquilo que mais tenho amor em toda minha vida: a Verdade, e a Verdade é Deus, pois Cristo é a Verdade, o Caminho e a Vida, ninguém vai ao Pai se não por Ele, e pois bem, seria incoerência de minha parte não relevar o fato de crença como um dos motivos pelos quais eu rejeito a teoria do amor líquido de Zygmunt Bauman, pois os amores são todos eles praticados por formas, existem por diferentes formas e assim são desde sua tradicionalidade até o predomínio das distorções de declínio espiritual das eras presentes (e também antigas pré-Era Axial), estão esses preservados pelo alinhamento à verdade, assim são indistorcíveis, imutáveis, ou seja, amor é amor, não releva-se o falso amor como um, simplesmente não o é, assim o interesse, a sanha por bens, o egoísmo e a egolatria ("cupiditas", para Santo Agostinho de Hipona, em oposição ao que o santo e filósofo trata por "caritas") não são formas do amor, são autoenganos, não bons, se não são bons logo não são de Deus, ora, se Deus é amor, se ele nos ama, determino como amor (e suas formas) o que está de acordo com a Verdade. Aprofundando, a Teologia do Corpo, do Papa São João Paulo II, rejeita a "liquidez" apresentada por Bauman, pois o amor é, em suma, sacríficio, parte da entrega total de si ao próximo, e se não há logo não é amor. A Teologia do Corpo rejeita não os fundamentos de mentira no "líquido", mas também no "sólido", pois a tradicionalidade não é sinônimo de bom e pleno acordo com o amor que Deus pede de nós, não são as coerções, as violências, as imposições e demais vontades em oposição às de Deus que determinam os amores -- fatos em oposição ao ideário romanticizado. Claro, nem todas as coerções são por si inválidas do amor, ou mesmo as escolhas em trocas racionalizadas, a exemplo do autruísmo em vista da chance da família ter êxito e sucesso, ou seja, pelo bem dos próximos haver a necessidade de submissão a, em exemplo, um casamento forjado, ou algo do gênero, reconhece-se o amor no ato se feito por bem da família, porém o amor incutido, nesse caso, explicita o caráter sacrificial, no qual uma vontade e um amor genuinamente potencial em prazeres e alegrias são anulados, ou seja, mesmo nesse modelo tradicional na "solidez" há possibilidade do amor, não nas formas romanticizadas em critérios, como "estabilidade" e "durabilidade", mas no caráter do sacríficio exercido. Conforme nos ensina São Tomás de Aquino, o amor não é uma "força", tal como ensina Hegel, mas sim uma virtude teologal conforme na "Suma Teológica" (II-II Q. 26-28), não devemos reduzir o amor e os amores em análises simplórias (não simples) de falsa complexidade extraídas em métodos questionáveis e pouco competentes à real diensão de crise espiritual das eras, por esse motivo não concordo com a teoria do amor líquido de Zygmunt Bauman.

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Bitcoin Magazine

US Senator Cynthia Lummis Discusses Bitcoin Reserve, Stablecoin Legislation, and Market Structure Bill at Bitcoin 2025 Conference

At the 2025 Bitcoin Conference in Las Vegas, U.S Senator Cynthia Lummis and CLO of Coinbase Paul Grewal discussed the market structure bill, stablecoin bill, future taxing system, bitcoin strategy reserve and bitcoin mining. 

Cynthia Lummis started by commenting about the market structure bill and stablecoin bill.

“The market structure bills is probably more important to a lot of the people in this conference than the stablecoin bill because there are a lot of businesses, yours among them,” said Lummis. “There are businesses for people who either buy and hold, so they want a custodial service or there are companies that lend Bitcoin, there is a futures market for Bitcoin, there are so many ways in which Bitcoin can interface with fiat currency with the US dollar.”

Lummis also mentioned the tax system that she wants to implement and what her office has submitted to the finance committee.

“As the lighting network develops and companies like Strike sort of have been leaders in that space,” added Lummis. “Create an opportunity for transactions to occur on a daily basis in Bitcoin. Everything from buying a cup of coffee to dinner somewhere. It would be helpful that certain transactions of that size below 600 dollars per transaction, not be subject to taxation.” 

During her speech, she went into detail on one the biggest problems lawmakers are facing against digital assets.

“Part of the problem in the last four years has been largely regulatory agencies that have been very hostile towards digital assets, so we are trying to change as fast as we can,” said Lummis. “It doesn’t happen overnight. We don’t even have a confirmed IRS director in place yet, so it is really hard to get these structural changes enacted by the rule makers at the IRS when there is no IRS commission yet in place.” 

Ending the panel, Lummis addressed one of the biggest reasons the US government should get into Bitcoin. 

“We are 37 trillion dollars in debt, so if we bought and held a million Bitcoin for 20 years it will cut that debt in half and we have underperforming assets that can be converted to Bitcoin without borrowing additional money. Bitcoin is such an important Global Strategic asset and it is not only important in the economy, but in our global defense because there are components to our defense. One is having a lethal war fighting machine that can overcome other armies, another military effort. Another one is having an economic machine that can overcome other currencies.” She continued, “Even our military generals say that bitcoin is an important deterrent to aggression from other countries, especially from China.”  

This post US Senator Cynthia Lummis Discusses Bitcoin Reserve, Stablecoin Legislation, and Market Structure Bill at Bitcoin 2025 Conference first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

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Key Takeaways

Dr. Jack Kruse returns in this fiery episode to expose what he alleges is a coordinated campaign by Big Pharma, technocrats, and global elites to control public health narratives and financial systems through manipulated health policies and propaganda. He accuses figures like Calli and Casey Means of fronting a compromised "Maha Movement," backed by A16Z, Big Tech, and the World Economic Forum, with ambitions to embed themselves into U.S. health policy and bioweapons programs. Kruse details his covert efforts to expose these connections, claiming they led to the withdrawal of Casey Means' Surgeon General nomination, and warns of a looming biotechnocratic surveillance state where mRNA vaccines act as bioweapons to enforce compliance. Urging Bitcoiners to expand their fight for sovereignty beyond finance into healthcare and biology, Kruse argues that the true war is over time sovereignty—not just monetary freedom—and that protecting children from vaccine harms is now the most urgent front in this escalating battle.

Best Quotes

"Bitcoin is worthless if you have no time."

"We’re not playing games here. This is to the death."

"Big Pharma is just the drug dealer. The real boss is the Department of Defense and DARPA."

"The real battle in D.C. isn’t left vs. right, it’s Rothschilds and Rockefellers vs. the technocrats."

"First principle Bitcoiners need to become first principle decentralizers of life itself."

Conclusion

This episode delivers a provocative call to action from Dr. Jack Kruse, who warns that the fight for sovereignty must go beyond finance to confront what he sees as the immediate threat of centralized bio-surveillance through mRNA vaccines. Blending insider claims with health activism, Kruse urges Bitcoiners and the public to recognize that true freedom requires decentralizing not only money but also healthcare and information systems, arguing that without protecting biological sovereignty, Bitcoin’s promise of liberty will be meaningless if people are left physically, mentally, or politically compromised.

Timestamps

0:00 - Intro
0:47 - Outlining MAHA infiltration
22:59 - Fold & Bitkey
24:35- Danger to children
28:27 - Political shell game
35:40 - Unchained
36:09 - Time theft
41:07 - Vax data
46:32 - Bioweapon and control system
58:29 - Game plan - Decentralized yourself
1:15:16 - Priorities
1:24:30 - Support Mary Talley Bowden

Transcript

(00:00) me, Larry Leard, those kind of Bitcoiners, the people that are out there that have money, like they're looking to take us out. You need to know a little bit about the back history that I don't think I've talked about anywhere on any other podcast. Rick Callie is linked to the current administration is through Susie Watts.
(00:17) They both were working at Mercury PR basically is the frontman for propaganda for Big Farm. Basically, who pays you? You become their [ __ ] We're not playing games here. This is to the death. This is the biggest issue facing Maha now. It's not Froot Loops. It's not red dye. But the messenger RA job can drop you like Demar Handler.
(00:40) Can end your career like JJ Watt. Dr. Jack Cruz, welcome back to the show. Thank you, sir, for having me. Well, thank you for being here. I mean, you're making a lot of noise around a topic that I wasn't well aware of. I'm not going to lie. I think I got duped by or we'll find out if I actually got duped by the meanses. Cali means was coming in last year talking big about Maja getting the food correct.
(01:15) Um, basically telling the story of him being a lobbyist and understanding how corrupt the food system is. And we talked about it last time we were on two months ago. this sort of maha movement has shifted towards focusing on preventative care particularly in diets and you were on the Danny Danny Jones show late last year with Cali means uh sort of pressuring him to admit that the vaccine should be pulled off the market and he did not did not bite and would not budge on that and now his sister Casey has been appointed to surgeon general and
(01:50) this is something Let me let me tell you a little bit about that because you need to know a little bit about the back history that I don't think I've talked about anywhere on any other podcast. She was going to be named surgeon general uh back then. Just so you know that I knew it and I knew quite a bit of other things.
(02:16) So what was my goal? I knew um that Cali and Casey were tied to big tech. They were tied specifically, which you'll be interested in, A16Z, the shitcoiners extraordinaire, and they were also tied to the World Economic Forum through the book deal. Um, so my goal at that time as part of the person that was big in the mob like, and Marty, I don't know if you know this back part of the story.
(02:46) Maha begins not with Casey and Cali and Bobby Kennedy. It began with me, Bobby, and Rick Rubin on Rick's podcast the day that I told RFK Jr. that SV40 was in the Fiser Jabs. Mhm. And that's when Bobby found out that I wrote the law for Blly for a constitutional amendment for medical freedom. And he asked me to use four pages of the law.
(03:13) And Blly cleared me to do that. And then Aaron Siri, who was Bobby's attorney and working with a lot of the stuff that Bobby does with vaccines and I can Aaron contacted me. So just so you're clear, this is two and a half years ago. This is before this is a year previous to Casey and Cali coming on the scene. And I was always behind the scenes.
(03:37) I was not really interested in getting involved um in the [ __ ] show. But when I saw these two show up, the way they showed up and when I heard Cali actually say on a podcast that, you know, he was the modus operande of the Maha movement and he's the one that brought Bobby and Trump together.
(04:02) I said, "That's where I draw a [ __ ] line." I'm like, "Uh-uh. These guys, I know exactly what they're going to do. I see the game plan. they're going to use a shell game and I needed to have proof before you can come out and be a savage. You got to have proof. So, I hired three former Secret Service agents to actually do a very deep dive.
(04:24) We're talking about the kind of dive that you would get uh if you were going for a Supreme Court nomination. Okay? It cost me a lot of money. And why did I think it was important? Because as you know, you know, as a Bitcoiner, you just saw the big scam that happened with Maya Paribu down in Cerninam that happened after.
(04:49) Well, when I hired these guys, when all of my research that I had done was confirmed by them, I said, "Okay, now we need to go on a podcast very publicly and we need to put Cali's feet to the fire." Why? because I knew and he did not know that I knew this prior to the podcast. Uh that his sister was going to be nominated for surgeon general then.
(05:14) And because he didn't know and you you'll be able to confirm this or the savages in your audience can confirm this with Danny Jones. Do you know that Cali cancelled the podcast to do it into uh February? Yeah. Well, I think it was April of 25 because he didn't want to give anybody the time and day.
(05:37) So, what did I start doing? I started posting some of the information back in November that I found and the links to the Wjikis and the links to Bin, the links to A16Z. I didn't didn't give a ton of the information, but let's just put it this way. enough to make Callie and Cassie scream a little bit that people in DC started to read all my tweets.
(06:04) And then he called Danny up and said, "Danny, I want to do this podcast immediately." And I knew the reason why. Cuz I was baiting him to come so I could hit him with the big stuff. Why? Because you have to understand these two kids, you know, tied to the Rockefellers. They're tied to the banking elite.
(06:26) They're tied to the World Economics Form. Rick Callie is linked to the current administration is through Susie Watts. They both were working at Mercury PR and uh Mercury PR uh basically is the frontman for propaganda for Big Farm and everybody knows that, but not everybody knew that Cali worked for them.
(06:50) And you know the story that he sold all you guys, how he fooled you. And I consider you a smart guy, a savage, it's not shocking how he fooled you because he said as a um a lobbyist basically who pays you, you become their [ __ ] to to be quite honest and you'll say things that will make sense. Everybody in creation who's going to watch your podcast knows that all the things that Casey and Cali have said have been said literally for 30, 40, 50 years going all the way back to probably Anel Peas about diet and exercise.
(07:25) Everybody [ __ ] knows that. It's not new. They just decided to repackage it up and then they actually got in Bobby's ear about it. And when I released all this stuff, did Bobby know what I had? Yeah, he knew. And did the people in DC all what all their antennas up about this issue? Who was most pissed off with Uncle Jack back then? Susie [ __ ] Walls.
(07:56) Why? because those two are her babies that were going to be the amber that Susie Cassidy Cassidy Big Farmer were going to place around um Bobby Kennedy once he got confirmed. And that's why for the savages that are listening to this podcast, you go back and look at Nicole's tweet from, you know, I guess it was about four or five days ago that this didn't make sense.
(08:20) Why? because I gave the data directly to the people in DC behind the scenes of what was really going on and because it was so explosive. That's the reason Susie had to not give the job to Casey Means. She had to wait till the heat died down. So they elevated Janette and Janette bas

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Marty's Bent

It's been a pretty historic week for the United States as it pertains to geopolitical relations in the Middle East. President Trump and many members of his administration, including AI and Crypto Czar David Sacks and Treasury Secretary Scott Bessent, traveled across the Middle East making deals with countries like Qatar, Saudi Arabia, the United Arab Emirates, Syria, and others. Many are speculating that Iran may be included in some behind the scenes deal as well. This trip to the Middle East makes sense considering the fact that China is also vying for favorable relationships with those countries. The Middle East is a power player in the world, and it seems pretty clear that Donald Trump is dead set on ensuring that they choose the United States over China as the world moves towards a more multi-polar reality.

Many are calling the events of this week the Riyadh Accords. There were many deals that were struck in relation to artificial intelligence, defense, energy and direct investments in the United States. A truly prolific power play and demonstration of deal-making ability of Donald Trump, if you ask me. Though I will admit some of the numbers that were thrown out by some of the countries were a bit egregious. We shall see how everything plays out in the coming years. It will be interesting to see how China reacts to this power move by the United States.

While all this was going on, there was something happening back in the United States that many people outside of fringe corners of FinTwit are not talking about, which is the fact that the 10-year and 30-year U.S. Treasury bond yields are back on the rise. Yesterday, they surpassed the levels of mid-April that caused a market panic and are hovering back around levels that have not been seen since right before Donald Trump's inauguration.

I imagine that there isn't as much of an uproar right now because I'm pretty confident the media freakouts we were experiencing in mid-April were driven by the fact that many large hedge funds found themselves off sides of large levered basis trades. I wouldn't be surprised if those funds have decreased their leverage in those trades and bond yields being back to mid-April levels is not affecting those funds as much as they were last month. But the point stands, the 10-year and 30-year yields are significantly elevated with the 30-year approaching 5%. Regardless of the deals that are currently being made in the Middle East, the Treasury has a big problem on its hands. It still has to roll over many trillions worth of debt over over the next few years and doing so at these rates is going to be massively detrimental to fiscal deficits over the next decade. The interest expense on the debt is set to explode in the coming years.

On that note, data from the first quarter of 2025 has been released by the government and despite all the posturing by the Trump administration around DOGE and how tariffs are going to be beneficial for the U.S. economy, deficits are continuing to explode while the interest expense on the debt has definitively surpassed our annual defense budget.

via Charlie Bilello

via Mohamed Al-Erian

To make matters worse, as things are deteriorating on the fiscal side of things, the U.S. consumer is getting crushed by credit. The 90-plus day delinquency rates for credit card and auto loans are screaming higher right now.

via TXMC

One has to wonder how long all this can continue without some sort of liquidity crunch. Even though equities markets have recovered from their post-Liberation Day month long bear market, I would not be surprised if what we're witnessing is a dead cat bounce that can only be continued if the money printers are turned back on. Something's got to give, both on the fiscal side and in the private markets where the Common Man is getting crushed because he's been forced to take on insane amounts of debt to stay afloat after years of elevated levels of inflation. Add on the fact that AI has reached a state of maturity that will enable companies to replace their current meat suit workers with an army of cheap, efficient and fast digital workers and it isn't hard to see that some sort of employment crisis could be on the horizon as well.

Now is not the time to get complacent. While I do believe that the deals that are currently being made in the Middle East are probably in the best interest of the United States as the world, again, moves toward a more multi-polar reality, we are facing problems that one cannot simply wish away. They will need to be confronted. And as we've seen throughout the 21st century, the problems are usually met head-on with a money printer.

I take no pleasure in saying this because it is a bit uncouth to be gleeful to benefit from the strife of others, but it is pretty clear to me that all signs are pointing to bitcoin benefiting massively from everything that is going on. The shift towards a more multi-polar world, the runaway debt situation here in the United States, the increasing deficits, the AI job replacements and the consumer credit crisis that is currently unfolding, All will need to be "solved" by turning on the money printers to levels they've never been pushed to before.

Weird times we're living in.

China's Manufacturing Dominance: Why It Matters for the U.S.

In my recent conversation with Lyn Alden, she highlighted how China has rapidly ascended the manufacturing value chain. As Lyn pointed out, China transformed from making "sneakers and plastic trinkets" to becoming the world's largest auto exporter in just four years. This dramatic shift represents more than economic success—it's a strategic power play. China now dominates solar panel production with greater market control than OPEC has over oil and maintains near-monopoly control of rare earth elements crucial for modern technology.

"China makes like 10 times more steel than the United States does... which is relevant in ship making. It's relevant in all sorts of stuff." - Lyn Alden

Perhaps most concerning, as Lyn emphasized, is China's financial leverage. They hold substantial U.S. assets that could be strategically sold to disrupt U.S. treasury market functioning. This combination of manufacturing dominance, resource control, and financial leverage gives China significant negotiating power in any trade disputes, making our attempts to reshoring manufacturing all the more challenging.

Check out the full podcast here for more on Triffin's dilemma, Bitcoin's role in monetary transition, and the energy requirements for rebuilding America's industrial base.

Headlines of the Day

Financial Times Under Fire Over MicroStrategy Bitcoin Coverage - via X

Trump in Qatar: Historic Boeing Deal Signed - via X

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Johnson Backs Stock Trading Ban; Passage Chances Slim - via X

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Bitcoin Magazine

Leaders Rally Behind BTC at Bitcoin 2025 Conference: Strategic Reserves, Market Clarity, and Legislative Momentum

At Bitcoin 2025, top U.S. lawmakers and Coinbase’s Chief Policy Officer discussed the U.S. government’s shifting tone on Bitcoin, strategic reserves, regulatory frameworks, and legislation—all pointing toward a bullish future for digital assets.

In a panel moderated by Grant McCarty, Co-President of the Bitcoin Policy Institute, the Bitcoin 2025 Conference saw a major spotlight on U.S. policy shifts surrounding digital assets. U.S. Representatives Byron Donalds and Bryan Steil were joined by Faryar Shirzad, Chief Policy Officer at Coinbase, to highlight what they described as a watershed moment for Bitcoin in Washington. 

JUST IN: US Congressman Byron Donalds says he's voting for the Strategic Bitcoin Reserve Act

"Bitcoin has proven to be a holder of value" pic.twitter.com/NuQlZ26Lmy

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

“What the president and his team are doing is choosing to step into the digital assets marketplace,” said Byron Donalds. “Bitcoin is a key asset because it has demonstrated to be a holder of value outside of fiat currency and central banking.” Donalds emphasized that President Trump is taking the long view—strategically recognizing Bitcoin’s role in a national reserve capacity.

Bryan Steil pointed to Trump’s media magnetism and political leverage as the driver behind recent legislative momentum: “What he’s done is put a spotlight on the exact three bills… giving us the ability to drive forward.” He noted that legislation is difficult to pass, but with executive support, there’s newfound energy and opportunity to cross the finish line.

Shirzad echoed that sentiment: “The tone from the top point is exactly what Donald Trump has showed us… He wants a market structure built. He wants a much more strategic approach.” Coinbase, Shirzad added, sees the impact firsthand—legislators now recognize the need to support innovation rather than stifle it.

Donalds added: “If you talk to any business owner in the world, the number one thing they desire more than anything else is certainty and consistency.” That, he said, is what will turn Bitcoin into a trillion-dollar industry in the U.S., instead of one bogged down by regulatory ambiguity and legal overhead.

On the regulatory front, Steil noted: “Under the Biden administration, policy was being developed through enforcement actions. Bitcoin is decentralized and should be treated as a commodity.” Shirzad agreed, pushing for “regulatory therapy” to unleash billions still sidelined.

McCarty closed with mention of the Blockchain Regulatory Clarity Act—legislation that would protect open-source developers from rogue regulatory action: “It allows developers to operate without being punished.”

Donalds summed it up: “There’s only going to be 21 million ever in creation. That can’t be eroded by central banks. A strategic reserve for Bitcoin is critical in my opinion for the United States.” 

This post Leaders Rally Behind BTC at Bitcoin 2025 Conference: Strategic Reserves, Market Clarity, and Legislative Momentum first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

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Let's dive into the most interesting forward-looking predictions from my recent conversations with industry experts.

Court Cases Against Bitcoin Developers Will Set Critical Precedent for the Industry's Future - Zack Shapiro

The outcome of the Samurai Wallet case will determine whether software developers can be held legally responsible for how users employ their non-custodial Bitcoin tools. Zack Shapiro laid out the stakes clearly: "The precedent that the Bank Secrecy Act can be applied to just software that allows you to move your own money on the Bitcoin blockchain is incredibly dangerous for developers, for node runners, for miners... Basically everyone in the Bitcoin space is at risk here."

According to Shapiro, the government's position in this case fundamentally misunderstands Bitcoin's architecture: "The government says that the defendants transmitted, Keone and Bill transmitted money that they knew belonged to criminals. That's not how a coin join works. The people who transmitted the money are the people that used Whirlpool and the people that used Ricochet. They signed their keys."

Should this prosecution succeed in establishing precedent, Shapiro predicts catastrophic consequences: "If that becomes the law of the land... then basically no actor in the Bitcoin economy is safe. The government's theory is that if you facilitate movement of money, you're a money transmitter, that would reach node runners, wallet developers, miners, lightning routing nodes... whatever tool stack you use, the people who built that are at risk."

With the case continuing despite FinCEN's own position that Samurai's software isn't money transmission, Shapiro believes the resolution will likely come through political rather than legal channels in the next 6-12 months.

Malpractice Around COVID mRNA Vaccines Will Be Exposed Within 2 Years - Dr. Jack Kruse

Dr. Jack Kruse predicts that major revelations about mRNA vaccine damage will force an eventual removal from the market, particularly from childhood vaccination schedules. During our conversation, Dr. Kruse shared alarming statistics: "25,000 kids a month are getting popped with this vaccine. Just so you know, since Trump has been elected, three million doses have been given to children."

According to Dr. Kruse, the scale of this problem dwarfs other health concerns: "The messenger job can drop you like Damar Hamlin, can end your career like JJ Watt, can end your career like all the footballers who've dropped dead on a soccer field." What makes this particularly concerning is the suppression of evidence about the damages, with Dr. Kruse noting that data from Japan showing changes in cancer distribution patterns was pulled, and VAERS data being dismissed despite showing alarming signals.

Dr. Kruse believes the coming years will see an unavoidable reckoning: "If by the end of this year, everybody in unison realized that MRA platform is bad news and it's gone. That to me is... I would tell you the biggest win is to get rid of the MRA platform even before any of the Bitcoin stuff." This suggests he expects significant momentum toward removing these vaccines from circulation by the end of 2025.

Global Economic Reordering Will Create Demand for Neutral Reserve Assets Like Bitcoin and Gold - Lyn Alden

The next two years will be critical in determining whether the United States maintains dollar dominance while navigating Triffin's dilemma. During our conversation, Lyn highlighted how the current administration is attempting to thread a needle between reshoring manufacturing while maintaining the dollar's reserve status - an almost impossible task on extremely fragile ground.

"When they talk about kind of a currency accord to weaken the dollar, they mentioned ideally they wanted to use multi-lateral approaches, but there are some unilateral approaches that they can do, which includes printing dollars to buy reserve assets," Lyn explained when discussing Treasury advisor Stephen Myron's position paper.

As the world potentially moves to a multipolar currency system, Lyn predicts significant demand increases for neutral reserve assets. "The two options on the table at this point are gold and Bitcoin," she noted, but pointed out that "our geopolitical adversaries have been stacking gold for a while and with a special intensity for the last three years." This creates a strategic opportunity for the US, as Bitcoin is "overwhelmingly held in the United States."

Lyn believes this transition is already underway, with the demand for neutral reserve assets like Bitcoin growing as countries seek alternatives to solely dollar-denominated reserves.

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Iran's Shadow Mining Economy: 2 GW of Bitcoin Mined Underground While Legal Operations Struggle

Iran hosts a thriving underground Bitcoin mining industry that has emerged as a critical financial lifeline for citizens grappling with international sanctions and domestic economic controls. This shadow economy dwarfs the legal sector, with an estimated 2 gigawatts of illegal mining operations compared to just 5 megawatts of sanctioned activity.

According to ViraMiner CEO Masih Alavi, approximately 800,000 illegal miners have been discovered and fined by authorities. Yet operations continue in homes, office buildings, and even jewelry stores, where Iranians tap into unmetered electricity to mine Bitcoin, later converting it to stablecoins like USDT for savings and commerce.

While the government has approved permits for about 400 megawatts of legal mining capacity, punitive electricity tariffs and regulatory barriers have strangled legitimate operations. "I blamed the government for this situation," says Alavi. "They introduced flawed policies in the beginning, especially by setting the wrong electricity tariffs for the mining industry."

Despite using obsolete equipment like Antminer S9s and M3s, underground miners remain profitable when converting earnings to Iranian rials, creating an ecosystem that serves an estimated 18 million Iranian cryptocurrency holders.

Looking ahead, Alavi predicts further crackdowns as Iran enters peak electricity demand season, potentially reducing legal mining to zero while underground operations continue to evolve sophisticated detection evasion techniques.

Link to Full Article

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Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Procena vrednosti
2. Većina Bitcoin-ovih pozitivnih strana opstaje
3. Broj ljudi koji su prihvatili Bitcoin
4. Zaključak

Prošlo je trinaest godina od nastanka Bitcoina i lako je poverovati da je većina njegovog rasta iza njega. Deo ovoga je rezultat predrasude koju svi delimo i što nas navodi da zamislimo trenutno stanje stvari kao završni stepen njegovog razvoja. Svaki bitcoiner je nekad mislio da je prekasan sa Bitcoin-om. Međutim, kada primenjujemo kritičko razmišljanje da bismo procenili gde je Bitcoin u svojoj putanji rasta, otkrivamo da je suprotno u stvari tačno: još uvek je vrlo, vrlo rano.

Postoje dva načina da razmišljate o tome koliko je rano za Bitcoin kao zalihu vrednosti neke imovine:

1. Procena vrednosti kao procenat od njegovog punog potencijala

2. Prihvatanje kao procenat od njegovog punog potencijala (na čemu je fokus u ovom članku).

Procena vrednosti

Prvi i najčešći način da se proceni koliko je rano za Bitcoin je da se pogleda njegova ukupna vrednost (trenutno oko 900B USD) i uporedi sa njegovim punim potencijalom. Izazov sa ovim je očigledno da je puni potencijal Bitcoin-a stvar nagađanja. Oni koji duboko razumeju Bitcoin imaju tendenciju da njegov potencijal posmatraju barem kao potencijal zlata (oko 13T USD), ali teoretski više poput 200T USD (oko polovine ukupne vrednosti sveta).

Za brzi pregled ovog potencijala od 200T USD, pogledajmo ukupno raspoloživo tržište Bitcoin-a. Radi jednostavnosti, samo ćemo razmotriti njegovu ulogu zalihe vrednosti i zanemariti njegov potencijal da pojede tržišni udeo od oko 100T USD ukupne vrednosti u različitim svetskim valutama. Uzimajući u obzir različite zalihe vrednosne imovine i grubom procenom koliki bi % Bitcoin mogao da uzme od njih, dobili smo ovakav rezultat:

Iako put do 200T USD nije veliko rastezanje, u stvarnoj vrednosti čini se previše dobrim da bi bio istinit. Sa obzirom da je bez presedana da zaliha vrednosti neke robe postigne vrednost veću od zlata, to jednostavno predstavlja neistraženu teritoriju. Ali čak i ako se jednostavno pridržavamo targetiranja niže ciljne vrednosti zlata od 13T USD, Bitcoin još uvek tendenciju velikog porasta svoje cene u budućnosti.

Većina Bitcoin-ovih pozitivnih strana opstaje

Svako ko razmišlja da nešto svog teško zarađenog novca uskladišti u Bitcoin pita se „da li sam poranio ili zakasnio?“ Nepisano je pravilo da se svako oseća kao da je zakasnio kad stigne. Brojni su primeri ljudi koji žale kako su zakasnili 2011. ili 2013. ili 2016. godine, kada je cena Bitcoin-a bila 5, 100, odnosno 600 USD.

Kao i u bilo kojoj zajednici koja se razvija i raste i u kojoj ima manjka nekretninama, pridošlice zavide ljudima koji su već obezbedili sebi nekretninu, ne sluteći da će njima zavideti ljudi koji tek treba da dođu. Ovaj fenomen je primenjiv i na velikom broju drugih primera. Na primer, zakasneli u Kalifornijskoj zlatnoj groznici bili su razočarani kada su došli, a bogata zlatna polja su već bila iscrpljena, i umesto toga su se naseliti na nekoliko stotina hektara zemljišta, a koje sada vrede bogatstvo.

U srcu ovog osećanja je strah da više nema uspona, da više nema novca koji se može zaraditi uzimajući ono što je još uvek ostalo dostupno. Da li smo dostigli tu tačku sa Bitcoin-om?

Pa ne. Čini se da je zapravo suprotno. Na osnovu punog potencijalnog opsega procene koji smo utvrdili gore, čak i u ishodu niskog nivoa (13T USD), velika većina bogatstva koje će steći vlasnici Bitcoin-a, tek treba da se stekne (96%). Da bi parirao proceni zlata, Bitcoin i dalje mora da poraste 26 puta.

A ako se desi vrhunski ishod, punih 99,7% ukupnog stvaranja bogatstva Bitcoin-a ostaje pred nama. To bi značilo da Bitcoin još uvek treba da poraste 400 puta, zanemarujući pariranje zlatu.

Stavljanjem trenutne vrednosti Bitcoin-a u perspektivu, postaje jasno da je za Bitcoin još uvek vrlo rano.

Iako ova analiza sugeriše da za Bitcoin-u ostaje od 26x do 400x rasta, korisno je proveriti ovaj zaključak kroz drugo razumno objašnjenje, a tamo gde je poznat puni potencijal…

Broj ljudi koji su prihvatili Bitcoin

Procene broja vlasnika Bitcoin-a širom sveta se veoma razlikuju. To je dovelo do prilične količine dvosmislenosti i nesigurnosti u vezi sa stvarnim brojevima i određenog stepena odustajanja i mišljenja da je taj broj jednostavno preteško precizno proceniti. Iako je teško utvrditi konačan broj, glavni razlog za odstupanje u procenama je nedostatak standardizovanih definicija šta znači prihvatanje Bitcoin-a.

Istina je da postoje različiti nivoi prihvatanja Bitcoin-a. Podelom na segmente prihvatanja Bitcoin-a lakše je uvideti ne samo zašto postoji širok opseg procena, već i još važnije, koliko je još uvek rano za prihvatanje Bitcoin-a kao preferirane zalihe vrednosti.

U ove svrhe, hajde da podelimo u segmente prihvatanje Bitcoin-a na četiri različita „nivoa“:

1. Kežual amateri (prstom u vodi)

2. Alokatori 1% (stopalima u vodi)

3. Značajni vernici (do pojasa u vodi)

4. Bitcoin maximalisti (u vodi preko glave)

Pre nego što počnemo, potreban nam je imenilac. Mogli bismo da koristimo globalno stanovništvo, ali po mom mišljenju ovo daje loše rezultate. Ono što mi zaista procenjujemo je koji procenat sveta koji poseduje odredjeno bogatstvo za skladištenje u Bitcoin-u, je to i učinio. Prema podacima sa sajta Statista, 2,2 biliona ljudi na svetu poseduje najmanje 10k USD u neto vrednosti, što se čini kao razumna granica za zalihu koju žele da uskladište. Činjenica je da će siromašne zajednice takođe koristiti Bitcoin kao zalihu vrednosti i verovatno će iz njega izvući veću korist kao rezultat marginalnog pristupa tradicionalnoj bankarskoj infrastrukturi kao klijenti banaka sa „niskom vrednošću“. Međutim, u naše svrhe, jednostavno gledamo koliko je ljudi usvojilo Bitcoin među grupama sa značajnim bogatstvom za skladištenje, tako da će 2.2 biliona služiti kao naša puna potencijalna veličina tržišta.

1. Kežual amateri

Ovaj segment ljudi koji su prihvatili Bitcoin uključuje sve one koji imaju bilo koju količinu Bitcoin-a – vašeg prijatelja sa 20 USD BTC-a negde u nekom novčaniku ili vašu tetku koja se ne seća svoje Coinbase lozinke iz 2017. Po mom mišljenju, najveća zabuna oko broja ljudi koji su prihvatili Bitcoin nastaje zbog poistovećivanja „kežual amatera“ sa ljudima koji su u potpunosti prihvatili Bitcoin. Realnost je takva da ljudi ovog segmenta uglavnom samo eksperimentišu, bilo da bi stekli osećaj za ono o čemu svi pričaju, ili samo uložu nekoliko dolara u Bitcoin u nadi da će možda dobiti džekpot, kao što je slučaj sa greb-greb nagradnim igrama.

Zbog toga, „kežual amateri“ su razlog dovodjenja u zabludu pravog broja ljudi koji su u potpunosti prihvatili Bitcoin. Njihovo ponašanje zapravo ne predstavlja prihvatanje u pravom smislu te reči i stoga se ne bi trebalo smatrati ljudima koji su u potpunosti prihvatili Bitcoin. Istina je da, kada kežual amateri shvate da je Bitcoin najbolja zaliha vrednosti neke imovine u istoriji, neće ostati na samo 20 USD u Bitcoin-ima. Umesto toga, oni će svoju štednju prebaciti u mnogo većim iznosima.

Što se tiče odredjivanja veličine ovog segmenta, Willy Woo je sastavio razumno iscrpnu i sveobuhvatnu procenu od oko 187 miliona ljudi koji su prihvatili Bitcoin, što znači da su oni u najmanju ruku „kežual amateri“.

Koristeći ovaj i naš puni potencijal od 2,2 biliona ljudi kao imenioca, 8,5% potencijalnih ljudi koji su prihvatili Bitcoin-e dostiglo je nivo „kežual amatera“. Ovo je prilično velik broj i potpuno obmanjuje stvarni obim potpunog prihvatanja, a što će pokazati sledeći segmenti.

2. Alokatori 1%

Za preostale potkategorije, tačni podaci su manje dostupni. Kao takvi, sve što možemo je da smislimo razumne procene putem triangulacije.

Po mom mišljenju, „alokatori 1%“ se mogu okarakterisati kao ljudi koji su prihvatili Bitcoin, i koji žele da imaju mali, ali ne i zanemarljivi deo u Bitcoin-u. Za naše svrhu, mislim da je pristojan prag za ovu grupu svako ko ima najmanje 0,1 Bitcoin, i može se smatrati da imaju malu, ali ne i zanemarljivu poziciju u Bitcoin-u.

Gledajući Bitcoin blockchain, postoji oko 3 miliona adresa koje imaju najmanje 0,1 BTC. Pored ovih brojeva na blockchain-u, moramo da uzmemo u obzir i znatan broj ljudi koji imaju ovaj iznos na berzi ili GBTC-u. Kombinovanjem, mislim da je razumno proceniti da je 10 miliona ljudi dostiglo nivo „alokatora 1%“ ili veći.

Na osnovu ovih brojeva, samo 1⁄17 „kežual amatera“ dostiglo je nivo prihvatanja „alokatora 1%“, što znači da je ovaj nivo prihvatanja Bitcoin-a do danas postigao samo 0,5% penetracije. Ovaj strmi pad je razlog zašto je došlo do zablude da veliki broj „kežual amatera“ bude označeno kao grupa koja je u potpunosti prihvatila Bitcoin.

3. Značajni vernici

U ovu kategoriju spada svako ko je dostigao nivo razumevanja Bitcoin-a da alokacija od 1% ili čak 5% više ne izgleda dovoljna.

Uopšteno govoreći, ova grupa se kreće u rasponu od 5 – 50%. Išao bih toliko daleko da bih rekao da je većina ljudi koji sebe smatraju vernicima u Bitcoin-e, uključujući većinu Bitcoin Twitter-a, negde u ovoj grupi.

Procena veličine ove grupe postaje mnogo nejasnija, ali možemo se osloniti na podatke iz blockchain-a da bismo došli do razumne procene.

Za početak, hajde da utvrdimo da je većina ljudi koji su dostigli ovaj nivo verovanja i razumevanja Bitcoin-a, izborila da poseduje najmanje 1 Bitcoin. Pored toga, ovaj nivo ljudi koji su prihvatili Bitcoin je verovatno osigurao svoj Bitcoin u chain-u novčanika kojim oni upravljaju. Gledajući podatke na chain-u, oko 820k adresa ima najmanje 1 Bitcoin. Kao grubu pretpostavku, uzmimo da 500k od toga poseduju ljudi koji su dostigli nivo prihvatanja „značajnog vernika“.

Ako potom generički zaokružimo akaunte za ljude koji nisu postigli status whole­coiner-a (eng. osoba koja poseduje barem 1 BTC), ili koji svoja sredstva drže na berzi, dolazimo do grube procene od 2 miliona „značajnih vernika“.

4. Bitcoin maximal­isti

Za našu svrhu, recimo da ova grupa uključuje svakoga ko je dovoljno duboko ušao u Bitcoin da je zaključio da bi više od 50% njihove neto vrednosti trebalo da bude uskladišteno u Bitcoin-u.

Procena veličine ove grupe je gotovo nemoguća, zato ćemo morati da budemo kreativni.

1. Prodaja „Bitcoin Standard“

2. Hajde da konzervativno procenimo da je samo 20% maximalističara kupilo Bitcoin Standard, i da je 50% tih ljudi koji su ga razumeli, postali maksimalisti. Na osnovu knjige Amazon US rank (6,681), onlajn kalkulatori procenjuju da je prodato oko 15k primeraka.

3. Hajde da budemo velikodušni i da zaokružimo taj broj od oko 15k na 50k, uzimajući u obzir međunarodnu prodaju i kupovinu izvan Amazona.

Ovo nas dovodi do procene broja od 125k maximalista. Da ne bismo pogrešili, bićemo oprezni, i udvostručimo taj broj i rećićemo da ih ima 250k.

1. Kvalitativna triangulacija

Čisto subjektivno, ali čini mi se da na Twitter-u, primarnom domu za komunikaciju maximalista, postoji možda 10k aktivno angažovanih Bitcoin maximalista. Da budemo vrlo konzervativni, recimo da ovo predstavlja oko 5% maximalista (od ukupno 200k).

Uz to, kao procenu od vrha nadole, čini se opravdanim da je oko 10% ljudi koji su dostigli 5 – 50% alokacije Bitcoin-a napravilo skok ka maximalizmu.

Sve u svemu, cifra od oko 250k Bitcoin maximalista čini se konzervativnom, ako ne i velikodušnom pretpostavkom.

To nas dovodi do 0,01% penetracije.

Zaključak

Kako god gledali brojke, još uvek je rano za Bitcoin. Posmatrajući procenu vrednosti Bitcoin-a kao procenat njegovog punog potencijala, vidimo da je trenutna vrednost Bitcoin-a negde između 0,2% i 3% njegovog krajnjeg stanja, što znači da ostaje 30x do 500x rasta. Gledajući napredak prihvatanja Bitcoin-a, vidimo da je trenutna penetracija Bitcoin-a negde između 0,01% i 8,5%, u zavisnosti od toga koji prag prihvatanja gledate.

Ako verujete, kao što ja verujem, da je Bitcoin na putu da postane dominantna zaliha vrednosti i preferirani novac za ceo svet, na kraju će norma biti više od 50% posedovanja neto vrednosti u Bitcoin-u. Budući da naša analiza ovde sugeriše da samo 0,01% sveta zadovoljava ove standarde, opravdano je zaključiti da 99,99% sveta ostaje da sledi njihov primer.

Sve u svemu, dok svi koji se pojave na Bitcoin-u neizbežno osećaju žaljenje zbog toga što nisu ranije investirali i pitaju se da li su u potpunosti propustili brod, jasno je da većina rasta Bitcoin-a ostaje pred nama. Da stavimo ovo u neki kontekst, obzirom da može postojati samo 21 milion Bitcoin-a, prosečna osoba na zemlji (od 8 biliona ljudi) imaće samo 0,0025 Bitcoin-a. Još je toliko rano, da ukupna neto vrednost te prosečne osobe u Bitcoin-u može da se kupi za samo 90 USD.

I ako mislite da je kasno, zapravo je veoma rano, zato vam čestitam i uživajte u skupljanju sats-ova dok su još uvek ovako jeftini!

@ cae03c48:2a7d6671

Bitcoin Magazine

Donald Trump Jr. Unveils $2.5B Bitcoin Push: “We’re Going to the Moon” 

In an interview at the Bitcoin 2025 Conference today, Rumble Founder and CEO Chris Pavlovski sat down with Don Trump Jr. to talk free speech, Bitcoin, and a seismic shift in the financial system—fueled by the current administration’s pro-crypto stance. 

JUST IN: Donald Trump Jr. said the flood gates are opening for #Bitcoin pic.twitter.com/fAq4mGyJGA

— Bitcoin Magazine (@BitcoinMagazine) May 28, 2025

“I wasn’t an early adopter like so many people in the room who were here in 2012,” Trump Jr. admitted. “We were real estate guys. Finance was always easy for us.”

Trump Jr. revealed that TMTG and Truth Social are forming a Bitcoin treasury to the tune of $2.5 billion—a move he called “a pretty big deal.” The announcement comes alongside new partnerships, including one with mining giant Hut 8, and the launch of a new group focused on building American Bitcoin reserves.  

“We’re seriously on crypto—we’re seriously on Bitcoin,” Trump Jr. emphasized. “We’re in three major deals. I believe we’re at the beginning of what will be the future of finance. And the opportunity is massive.” 

Chris Pavlovski agreed: “We weren’t a Bitcoin company to start off with—we were a free speech company. But I almost think we’re at that ‘all of a sudden’ moment. The floodgates are opening.”

Donald Trump Jr. at Bitcoin 2025 in Las Vegas

The pair drew comparisons between Bitcoin and Rumble, describing both as targets of relentless media and regulatory pressure. “Bitcoin has had things thrown at it—laws, attacks,” said Pavlovski. “Same with Rumble. But we’re in an environment now where the administration is extremely pro-crypto and pro-Bitcoin.” 

“The latest adopters are going to fare the worst,” Trump Jr. warned. “It’s the future of finance. I’m so excited to see the administration stepping up.” 

Rumble’s Bitcoin strategy, including its move to build reserves, was directly inspired by this shift. “It gave me all kinds of confidence that the administration would do all the right things,” Pavlovski said. 

“Trump gets this stuff. He gets it quick,” Trump Jr. closed. “We’re going to the moon, guys. Stay in. Stay strong.” 

This post Donald Trump Jr. Unveils $2.5B Bitcoin Push: “We’re Going to the Moon”  first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

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Bitcoin Magazine

🔴 LIVE: The Bitcoin Conference 2025 – Day 2

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This post 🔴 LIVE: The Bitcoin Conference 2025 – Day 2 first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.

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At

at é uma ferramenta de agendamento de tarefas em Linux usada para executar comandos únicos em um horário e data específicos. Diferente do cron, que serve para tarefas recorrentes, o at executa uma única vez.

Como usar o at

1. Verifique se o at está instalado

bash which at

Se não estiver instalado:

bash sudo apt install at

E inicie o serviço (caso necessário):

bash sudo systemctl enable --now atd

2. Agendar um comando

bash at 10:00 AM tomorrow

Você será levado a um prompt interativo. Digite o comando desejado e finalize com Ctrl + D.

Exemplo 1:

bash at 09:00 AM next Monday

(Entrada do usuário no prompt do at)

echo "Relatório pronto" >> ~/relatorio.txt Ctrl + D

Resultado: O trecho "relatório pronto" será incluído no documento relatorio.txt.

Exemplo 2:

bash at 21:00 Apr 15

Entrada no prompt:

notify-send "Hora de fazer backup!" Ctrl + D

Resultado: Às 21h do dia 15 de abril, o sistema exibirá uma notificação.

Formatos de Data e Hora Válidos

• now + 1 minute

• midnight

• tomorrow

• 5pm

• 08:30

• 7:00am next friday

• noon + 2 days

Visualizar tarefas agendadas

bash atq

Remover uma tarefa agendada

bash atrm <número_da_tarefa>

Você encontra o número da tarefa com atq.

---

cron

O cron é um utilitário de agendamento de tarefas baseado no tempo. Permite executar comandos ou scripts automaticamente em horários específicos. Ele depende do daemon crond, que deve estar ativo e em execução contínua no sistema.

Arquivo de configuração:

• Cada usuário pode editar seu próprio agendador com:

  bash crontab -e

• O formato padrão de uma linha no crontab:

  m h dom mon dow comando

|Campo|Descrição|Valores possíveis| |---|---|---| |m|Minuto|0–59| |h|Hora|0–23| |dom|Dia do mês|1–31| |mon|Mês|1–12| |dow|Dia da semana|0–6 (0 = Domingo)| |comando|Comando a executar|Qualquer comando shell válido|

Exemplos:

• Executar um script a cada minuto:

  bash * * * * * /usr/local/bin/execute/this/script.sh

• Fazer backup no dia 10 de junho às 08:30:

  bash 30 08 10 06 * /home/sysadmin/full-backup

• Backup todo domingo às 5h da manhã:

  bash 0 5 * * 0 tar -zcf /var/backups/home.tgz /home/

Limitações:

Tarefas agendadas com cron não são executadas se o computador estiver desligado ou suspenso no horário programado. O comando é simplesmente ignorado. Use cron para tarefas com data/hora exatas.

---

anacron

O anacron é uma alternativa ao cron voltada para sistemas que não ficam ligados o tempo todo, como notebooks e desktops. Ele garante a execução de tarefas periódicas (diárias, semanais, mensais) assim que possível após o sistema ser ligado, caso tenham sido perdidas. Use anacron para tarefas periódicas tolerantes a atrasos.

Verificação da instalação:

bash anacron -V

Instalação (caso necessário):

bash sudo apt update sudo apt install anacron

Arquivo de configuração:

/etc/anacrontab

Acessado com:

sudo nano /etc/anacrontab

Formato de cada linha:

PERIOD DELAY IDENT COMMAND

| Campo | Descrição | | ------- | ------------------------------------------- | | PERIOD | Intervalo em dias (1 = diário, 7 = semanal) | | DELAY | Minutos a esperar após o boot | | IDENT | Nome identificador da tarefa | | COMMAND | Comando ou script a ser executado |

Exemplo:

bash 1 3 limpeza-temporarios /home/usuario/scripts/limpar_tmp.sh

Executa o script uma vez por dia, 3 minutos após o sistema ser ligado.

Nota: Não é necessário usar run-parts nem cron.daily para tarefas personalizadas. Basta apontar diretamente para o script desejado. O run-parts só deve ser usado quando se deseja executar todos os scripts de um diretório.

Ativação do serviço:

bash sudo systemctl enable --now anacron

Verificação de status:

bash systemctl status anacron

Logs de execução:

bash grep anacron /var/log/syslog

/etc/anacrontab: Arquivo de Configuração do anacron

O arquivo /etc/anacrontab define tarefas periódicas a serem executadas pelo anacron, garantindo que comandos sejam executados mesmo que o computador esteja desligado no horário originalmente programado.

Cabeçalho Padrão

bash SHELL=/bin/sh HOME=/root LOGNAME=root

• SHELL: Shell padrão utilizado para executar os comandos.

• HOME: Diretório home usado durante a execução.

• LOGNAME: Usuário associado à execução das tarefas.

Entradas Padrão do Sistema

bash 1 5 cron.daily run-parts --report /etc/cron.daily 7 10 cron.weekly run-parts --report /etc/cron.weekly @monthly 15 cron.monthly run-parts --report /etc/cron.monthly

|Campo|Significado| |---|---| |1|Executa a tarefa diariamente (a cada 1 dia)| |5|Espera 5 minutos após o boot| |cron.daily|Identificador da tarefa (usado nos logs)| |run-parts|Executa todos os scripts dentro do diretório|

Diretórios utilizados:

• /etc/cron.daily: scripts executados uma vez por dia

• /etc/cron.weekly: scripts semanais

• /etc/cron.monthly: scripts mensais

O comando run-parts executa automaticamente todos os scripts executáveis localizados nesses diretórios.

Personalização

Para adicionar tarefas personalizadas ao anacron, basta adicionar novas linhas com o formato:

PERIOD DELAY IDENT COMMAND

Exemplo:

bash 1 3 limpeza-temporarios /home/usuario/scripts/limpar_tmp.sh

Executa o script limpar_tmp.sh diariamente, com 3 minutos de atraso após o boot.

Importante: Não é necessário — nem recomendado — usar run-parts quando a intenção é executar um script individual. O run-parts espera um diretório e ignora arquivos individuais. Usar run-parts com um script individual causará falha na execução.

@ cae03c48:2a7d6671

Bitcoin Magazine

GameStop Buys $513 Million Worth of Bitcoin

Video game retailer GameStop has purchased 4,710 Bitcoin worth approximately $513 million, marking another major corporate entry into Bitcoin treasury holdings as the trend of companies adding Bitcoin to their balance sheets accelerates in 2025.

The company announced the acquisition via X on Wednesday but did not disclose specific details about when the purchases were made or the average price paid per coin. The move follows GameStop’s March announcement of plans to pursue a Bitcoin treasury strategy, which included a $1.3 billion convertible senior notes offering to fund Bitcoin purchases.

BREAKING: GAMESTOP PURCHASED 4,710 #BITCOIN pic.twitter.com/fDH9ctZJVP

— Bitcoin Magazine (@BitcoinMagazine) May 28, 2025

GameStop’s Bitcoin acquisition represents a strategic shift in corporate treasury management, following the playbook established by companies like Strategy.

The purchase comes amid a surge in corporate Bitcoin adoption, with over 50 public companies announcing Bitcoin treasury programs in the first five months of 2025. Recent entrants include 21 Capital, Strive, H100 Group and more.

The announcement pushed GameStop’s shares up 4.4% in pre-market trading, while Bitcoin traded near $108,900. The company reported $4.78 billion in cash and marketable securities as of February 1, suggesting this Bitcoin investment represents approximately 10.7% of its liquid assets.

The move follows similar treasury diversification strategies by other major corporations, including Tesla’s $1.25 billion Bitcoin holding and recent announcements from Trump Media and Technology Group of plans to raise $2.5 billion for Bitcoin purchases.

At press time, Bitcoin trades at $108,900, down 0.68% over the past 24 hours, as the market processes this significant institutional development and its implications for broader corporate adoption of Bitcoin as a treasury asset.

This post GameStop Buys $513 Million Worth of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.

@ 8bad92c3:ca714aa5

Marty's Bent

Here's a great presentation from our good friend Michael Goldstein, President of the Satoshi Nakamoto Institute titled Hodl for Good. He gave it earlier this year at the BitBlockBoom Conference, and I think it's something everyone reading this should take 25 minutes to watch. Especially if you find yourself wondering whether or not it's a good idea to spend bitcoin at any given point in time. Michael gives an incredible Austrian Economics 101 lesson on the importance of lowering one's time preference and fully understanding the importance of hodling bitcoin. For the uninitiated, it may seem that the hodl meme is nothing more than a call to hoard bitcoins in hopes of getting rich eventually. However, as Michael points out, there's layers to the hodl meme and the good that hodling can bring individuals and the economy overall.

The first thing one needs to do to better understand the hodl meme is to completely flip the framing that is typically thrust on bitcoiners who encourage others to hodl. Instead of ceding that hodling is a greedy or selfish action, remind people that hodling, or better known as saving, is the foundation of capital formation, from which all productive and efficient economic activity stems. Number go up technology is great and it really matters. It matters because it enables anybody leveraging that technology to accumulate capital that can then be allocated toward productive endeavors that bring value to the individual who creates them and the individual who buys them.

When one internalizes this, it enables them to turn to personal praxis and focus on minimizing present consumption while thinking of ways to maximize long-term value creation. Live below your means, stack sats, and use the time that you're buying to think about things that you want in the future. By lowering your time preference and saving in a harder money you will have the luxury of demanding higher quality goods in the future. Another way of saying this is that you will be able to reshape production by voting with your sats. Initially when you hold them off the market by saving them - signaling that the market doesn't have goods worthy of your sats - and ultimately by redeploying them into the market when you find higher quality goods that meet the standards desire.

The first part of this equation is extremely important because it sends a signal to producers that they need to increase the quality of their work. As more and more individuals decide to use bitcoin as their savings technology, the signal gets stronger. And over many cycles we should begin to see low quality cheap goods exit the market in favor of higher quality goods that provide more value and lasts longer and, therefore, make it easier for an individual to depart with their hard-earned and hard-saved sats. This is only but one aspect that Michael tries to imbue throughout his presentation.

The other is the ability to buy yourself leisure time when you lower your time preference and save more than you spend. When your savings hit a critical tipping point that gives you the luxury to sit back and experience true leisure, which Michael explains is not idleness, but the contemplative space to study, create art, refine taste, and to find what "better goods" actually are. Those who can experience true leisure while reaping the benefits of saving in a hard asset that is increasing in purchasing power significantly over the long term are those who build truly great things. Things that outlast those who build them. Great art, great monuments, great institutions were all built by men who were afforded the time to experience leisure. Partly because they were leveraging hard money as their savings and the place they stored the profits reaped from their entrepreneurial endeavors.

If you squint and look into the future a couple of decades, it isn't hard to see a reality like this manifesting. As more people begin to save in Bitcoin, the forces of supply and demand will continue to come into play. There will only ever be 21 million bitcoin, there are around 8 billion people on this planet, and as more of those 8 billion individuals decide that bitcoin is the best savings vehicle, the price of bitcoin will rise.

When the price of bitcoin rises, it makes all other goods cheaper in bitcoin terms and, again, expands the entrepreneurial opportunity. The best part about this feedback loop is that even non-holders of bitcoin benefit through higher real wages and faster tech diffusion. The individuals and business owners who decide to hodl bitcoin will bring these benefits to the world whether you decide to use bitcoin or not.

This is why it is virtuous to hodl bitcoin. The potential for good things to manifest throughout the world increases when more individuals decide to hodl bitcoin. And as Michael very eloquently points out, this does not mean that people will not spend their bitcoin. It simply means that they have standards for the things that they will spend their bitcoin on. And those standards are higher than most who are fully engrossed in the high velocity trash economy have today.

In my opinion, one of those higher causes worthy of a sats donation is the Satoshi Nakamoto Institute. Consider donating so they can preserve and disseminate vital information about bitcoin and its foundations.

The Shell Game: How Health Narratives May Distract from Vaccine Risks

In our recent podcast, Dr. Jack Kruse presented a concerning theory about public health messaging. He argues that figures like Casey and Calley Means are promoting food and exercise narratives as a deliberate distraction from urgent vaccine issues. While no one disputes healthy eating matters, Dr. Kruse insists that focusing on "Froot Loops and Red Dye" diverts attention from what he sees as immediate dangers of mRNA vaccines, particularly for children.

"It's gonna take you 50 years to die from processed food. But the messenger jab can drop you like Damar Hamlin." - Dr Jack Kruse

Dr. Kruse emphasized that approximately 25,000 children per day are still receiving COVID vaccines despite concerns, with 3 million doses administered since Trump's election. This "shell game," as he describes it, allows vaccines to remain on childhood schedules while public attention fixates on less immediate health threats. As host, I believe this pattern deserves our heightened scrutiny given the potential stakes for our children's wellbeing.

Check out the full podcast here for more on Big Pharma's alleged bioweapons program, the "Time Bank Account" concept, and how Bitcoin principles apply to health sovereignty.

Headlines of the Day

Aussie Judge: Bitcoin is Money, Possibly CGT-Exempt - via X

JPMorgan to Let Clients Buy Bitcoin Without Direct Custody - via X

Get our new STACK SATS hat - via tftcmerch.io

Mubadala Acquires $408.5M Stake in BlackRock Bitcoin ETF - via X

---

Take the First Step Off the Exchange

Bitkey is an easy, secure way to move your Bitcoin into self-custody. With simple setup and built-in recovery, it’s the perfect starting point for getting your coins off centralized platforms and into cold storage—no complexity, no middlemen.

Take control. Start with Bitkey.

Use the promo code *“TFTC20”* during checkout for 20% off

---

Ten31, the largest bitcoin-focused investor, has deployed 158,469 sats | $150.00M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.

---

Final thought...

I've been walking from my house around Town Lake in Austin in the mornings and taking calls on the walk. Big fan of a walking call.

---

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[![Hodl Bitcoin For Good](https://www

@ 8bad92c3:ca714aa5

Marty's Bent

via me

Don't sleep on what's happening in Japan right now. We've been covering the country and the fact that they've lost control of their yield curve since late last year. After many years of making it a top priority from a monetary policy perspective, last year the Bank of Japan decided to give up on yield curve control in an attempt to reel inflation. This has sent yields for the 30-year and 40-year Japanese government bonds to levels not seen since the early 2000s in the case of the 30-year and levels never before seen for the 40-year, which was launched in 2007. With a debt to GDP ratio that has surpassed 250% and a population that is aging out with an insufficient amount of births to replace the aging workforce, it's hard to see how Japan can get out of this conundrum without some sort of economic collapse.

This puts the United States in a tough position considering the fact that Japan is one of the largest holders of U.S. Treasury bonds with more than $1.20 trillion in exposure. If things get too out of control in Japan and the yield curve continues to drift higher and inflation continues to creep higher Japan can find itself in a situation where it's a forced seller of US Treasuries as they attempt to strengthen the yen. Another aspect to consider is the fact that investors may see the higher yields on Japanese government bonds and decide to purchase them instead of US Treasuries. This is something to keep an eye on in the weeks to come. Particularly if higher rates drive a higher cost of capital, which leads to even more inflation. As producers are forced to increase their prices to ensure that they can manage their debt repayments.

It's never a good sign when the Japanese Prime Minister is coming out to proclaim that his country's financial situation is worse than Greece's, which has been a laughing stock of Europe for the better part of three decades. Japan is a very proud nation, and the fact that its Prime Minister made a statement like this should not be underappreciated.

As we noted last week, the 10-year and 30-year U.S. Treasury bonds are drifting higher as well. Earlier today, the 30-year bond yield surpassed 5%, which has been a psychological level that many have been pointed to as a critical tipping point. When you take a step back and look around the world it seems pretty clear that bond markets are sending a very strong signal. And that signal is that something is not well in the back end of the financial system.

This is even made clear when you look at the private sector, particularly at consumer debt. In late March, we warned of the growing trend of buy now, pay later schemes drifting down market as major credit card companies released charge-off data which showed charge-off rates reaching levels not seen since the 2008 great financial crisis. At the time, we could only surmise that Klarna was experiencing similar charge-off rates on the bigger-ticket items they financed and started doing deals with companies like DoorDash to finance burrito deliveries in an attempt to move down market to finance smaller ticket items with a higher potential of getting paid back. It seems like that inclination was correct as Klarna released data earlier today showing more losses on their book as consumers find it extremely hard to pay back their debts.

via NewsWire

This news hit the markets on the same day as the average rate of the 30-year mortgage in the United States rose to 7.04%. I'm not sure if you've checked lately, but real estate prices are still relatively elevated outside of a few big cities who expanded supply significantly during the COVID era as people flooded out of blue states towards red states. It's hard to imagine that many people can afford a house based off of sticker price alone, but with a 7% 30-year mortgage rate it's becoming clear that the ability of the Common Man to buy a house is simply becoming impossible.

via Lance Lambert

The mortgage rate data is not the only thing you need to look at to understand that it's becoming impossible for the Common Man of working age to buy a house. New data has recently been released that highlights That the median home buyer in 2007 was born in 1968, and the median home buyer in 2024 was born in 1968. Truly wild when you think of it. As our friend Darth Powell cheekily highlights below, we find ourselves in a situation where boomers are simply trading houses and the younger generations are becoming indentured slaves. Forever destined to rent because of the complete inability to afford to buy a house.

via Darth Powell

via Yahoo Finance

Meanwhile, Bitcoin re-approached all-time highs late this evening and looks primed for another breakout to the upside. This makes sense if you're paying attention. The high-velocity trash economy running on an obscene amount of debt in both the public and private sectors seems to be breaking at the seams. All the alarm bells are signaling that another big print is coming. And if you hope to preserve your purchasing power or, ideally, increase it as the big print approaches, the only thing that makes sense is to funnel your money into the hardest asset in the world, which is Bitcoin.

via Bitbo

Buckle up, freaks. It's gonna be a bumpy ride. Stay humble, Stack Sats.

Trump's Middle East Peace Strategy: Redefining U.S. Foreign Policy

In his recent Middle East tour, President Trump signaled what our guest Dr. Anas Alhajji calls "a major change in US policy." Trump explicitly rejected the nation-building strategies of his predecessors, contrasting the devastation in Afghanistan and Iraq with the prosperity of countries like Saudi Arabia and UAE. This marks a profound shift from both Republican and Democratic foreign policy orthodoxy. As Alhajji noted, Trump's willingness to meet with Syrian President Assad follows a historical pattern where former adversaries eventually become diplomatic partners.

"This is really one of the most important shifts in US foreign policy to say, look, sorry, we destroyed those countries because we tried to rebuild them and it was a big mistake." - Dr. Anas Alhajji

The administration's new approach emphasizes negotiation over intervention. Rather than military solutions, Trump is engaging with groups previously considered off-limits, including the Houthis, Hamas, and Iran. This pragmatic stance prioritizes economic cooperation and regional stability over ideological confrontation. The focus on trade deals and investment rather than regime change represents a fundamental reimagining of America's role in the Middle East.

Check out the full podcast here for more on the Iran nuclear situation, energy market predictions, and why AI development could create power grid challenges.

Headlines of the Day

Bitcoin Soars to $106K While Bonds Lose 40% Since 2020 - via X

US Senate Advances Stablecoin Bill As America Embraces Bitcoin - via X

Get our new STACK SATS hat - via tftcmerch.io

Texas House Debates Bill For State-Run Bitcoin Reserve - via X

---

Take the First Step Off the Exchange

Bitkey is an easy, secure way to move your Bitcoin into self-custody. With simple setup and built-in recovery, it’s the perfect starting point for getting your coins off centralized platforms and into cold storage—no complexity, no middlemen.

Take control. Start with Bitkey.

Use the promo code *“TFTC20”* during checkout for 20% off

---

_Ten31, the largest bitcoin-focused investor, has deployed 158

@ cae03c48:2a7d6671

Bitcoin Magazine

Human Rights Foundation Donates 800 Million Satoshis To 22 Worldwide Bitcoin And Freedom Projects

Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants, according to a press release sent to Bitcoin Magazine.

800 million satoshis (8 BTC) currently worth over $874,000 at the time of writing, is being granted across 22 different projects around the world focusing on open-source development, educational initiatives, Bitcoin mining decentralization, and privacy tools for human rights advocates living under authoritarian regimes. The main areas of focus for these grants center around Latin America, Africa, and Asia

While the HRF did not disclose how much money each project is receiving specifically, the following 22 projects are the recipients of today’s round of grants worth 8 BTC, or 800 billion satoshis, in total:

Mostro

In authoritarian regimes, centralized exchanges enforce strict identity verification and frequently freeze user accounts. In these environments, Mostro, a peer-to-peer exchange built on the decentralized nostr protocol, provides a private and censorship-resistant way to access Bitcoin. It enables human rights defenders and ordinary citizens to transact freely. With HRF support, developer Catrya will improve Mostro’s usability to better serve dissidents seeking financial freedom.

SudaBit

As war and hyperinflation devastate Sudan, traditional banks and remittance systems have collapsed. Millions of Sudanese are left without reliable ways to save, send, or receive money. SudaBit, under development by Sudan Hodl, is the country’s first private Bitcoin on- and off-ramp, providing a critical financial lifeline where few options remain. With HRF support, SudaBit will allow everyday Sudanese to access permissionless, self-custodial Bitcoin directly from their local currency while at the same time building a vital financial infrastructure amid a humanitarian and monetary crisis.

Stringer News

Authoritarian regimes silence independent media to control public narratives and suppress dissent. Stringer News, an open media platform founded by war reporter and author Anjan Sundaram, uses Bitcoin and nostr to help reporters and human rights defenders publish without fear of censorship. By bypassing traditional publishing gatekeepers, it ensures critical reporting reaches global audiences — even from the depths of autocratic regimes. With HRF support, Stringer News is amplifying the voices of frontline journalists and protecting the flow of truth under dictatorship.

Prices Today

As Vladimir Putin wages war against Ukraine, it hides the economic pain at home. Prices Today is a project launched by the Anti-Corruption Foundation that tracks rising prices across essential goods and services in the country and publishes the data on an open, accessible website. The project helps Russians see through state propaganda and confront the hidden financial toll of Putin’s war. With this grant, Prices Today will expand its tools and research to expose the true cost of war and challenge the Kremlin’s narrative.

Instamouse for Bitcoin and Lightning

Contributing to Bitcoin’s codebase may require specialized tools and complex setup — barriers for developers in resource-limited environments. Instamouse, created by software developer Bryan Bishop (kanzure), is breaking down those barriers with a browser-based environment for open-source Bitcoin development. By reducing hardware requirements and simplifying access, it opens the door to a more inclusive environment that allows more people around the world to contribute to Bitcoin. With this grant, Instamouse will help keep Bitcoin’s development truly permissionless. 

Seedsigner

Most commercial hardware wallets can be expensive, proprietary, and traceable. This poses barriers to self-custody for dissidents in weak economies or surveillant regimes. Seedsigner is a fully customizable, DIY Bitcoin hardware wallet that anyone can build using affordable, off-the-shelf components. It offers dissidents a discreet, low-cost way to secure their Bitcoin. HRF funding for lead developer Keith Mukai will expand language support across Europe, Asia, and beyond, as well as ongoing feature development and mentoring of new contributors. 

Spacebear’s Contributions to Payjoin

Bitcoin enables human rights defenders to receive unstoppable payments. But making those payments private is the next critical step. Payjoin is a technique that lets senders and receivers batch Bitcoin transactions, breaking common chain analysis heuristics and improving default privacy. This is vital for activists in surveillance states who urgently need financial privacy without drawing attention. With HRF support, developer spacebear is advancing Payjoin to make privacy the default on Bitcoin and protect civil societies under tyranny.

Padawan Wallet

When authoritarian regimes devalue currencies or impose capital controls, people often turn to Bitcoin. But without experience, many struggle to use it safely. Padawan Wallet, a free, open-source mobile app by developer thunderbiscuit, helps bridge that gap. It uses Bitcoin test network coins to simulate real payments in a risk-free environment. It lets users practice making transactions, secure their wallets, and explore saving without risking real funds. With HRF support, Padawan will launch on iOS, expanding access to safe, hands-on Bitcoin learning for millions facing financial uncertainty.

Brink

Without ongoing support for Bitcoin development and its contributors, the network risks slower innovation, greater centralization, and long-term security challenges. Brink, a nonprofit organization led by Executive Director Mike Schmidt, addresses this by funding and mentoring open-source developers working on Bitcoin’s software infrastructure. Through grants and fellowships, Brink helps keep the protocol secure, decentralized, and freely accessible. With this grant, Brink will further strengthen the foundation that makes Bitcoin a tool for financial freedom.

Coin Center

As dictators increasingly treat code as a crime, open-source developers face sanctions, lawsuits, and mounting legal threats. Coin Center, a nonprofit research and advocacy organization led by Director of Research Peter Van Valkenburgh, defends the right to build and use open digital asset networks like Bitcoin. It advances policy analysis, supports strategic litigation, and educates lawmakers to protect freedom-preserving technologies. With HRF support, Coin Center will continue shaping a global legal environment where vital tools can be built for human rights defenders at risk.

Bitcoin Design Foundation

Poor user experience is a major barrier to Bitcoin adoption. Inconsistent wallet experiences and steep learning curves can deter new users, especially in high-risk environments. The Bitcoin Design Foundation is a nonprofit founded by UI designers Christoph Ono, Mogashni Naidoo, and Daniel Nordh that addresses this by funding open-source design, UX research, and community initiatives to make Bitcoin products more intuitive. With HRF support, the foundation will expand its grant and education programs to keep usability a priority and ensure Bitcoin remains open to all. 

EmberOne

Bitcoin mining is dominated by a few companies producing closed, proprietary hardware — threatening the network’s resilience and accessibility. The 256 Foundation is a nonprofit working to change that. Building on the open-source Bitaxe project, EmberOne produces modular, open-source mining hardware that is simple, affordable, and open to anyone — especially those living under repressive regimes. With HRF support, EmberOne will lower entry barriers and help disrupt the proprietary ecosystem, making Bitcoin mining more accessible for those in closed societies.

2025 FROST Developer Support

For nonprofits operating under authoritarian rule, securing Bitcoin is critical for survival. If private keys (which control access to bitcoin) are compromised, funds can be seized and movements dismantled. Blockchain Commons is a nonprofit supporting the development of FROST (Flexible Round-Optimized Schnorr Threshold Signature), a protocol that strengthens multisignature wallets (bitcoin wallets with multiple private keys) by making them more secure, private, and flexible for shared custody. With this grant, Blockchain Commons will help build critical infrastructure to keep civil society groups operational and financially resilient under dictatorships. 

Ecash UX Improvement Project

Ecash enables

@ 8bad92c3:ca714aa5

Marty's Bent

If you do one thing today, take the time to spend an hour to watch this YouTube video. As someone creating content who has become very cognizant of the effects of the algorithm and the pressures to cater to it, this video was unexpectedly and incredibly satisfying. We're coming up on the eight year anniversary of this newsletter and the podcast that accompanies it and over that eight year period, the pressures to compete in the world of ever increasing digital soy slop grow at an accelerating rate.

If you've seen our YouTube channel recently, you'll probably notice that we've bent the knee to the thumbnail and title clickbait game in an attempt to get our content out to a wider audience. This is something I've held out on for many years now at this point, but recently became convinced that it's something we simply have to do if we want to get our message out to a wider audience. As I write this, I'm thinking that maybe the fact that we have to do that in the first place says something about the content we're putting out there and whether or not it is actually valuable. But I do think the high velocity trash economy becoming completely saturated with digital soy slop has made it so people who truly want to get their message out have to play that game.

I want to make one thing clear. I certainly do not think I'm an artist, but I do like to think that over the last eight years we've been putting out information via content mediums that is valuable to you, dear reader. However, the informational content we put out there, particularly the audio and video content, is put on platforms where it is forced to compete with others who cater to the lowest common denominators of dopamine hijacking and in-group signaling that draws the masses like moths to a flame.

If you haven't watched the YouTube video yet, which I'm assuming 99.9% of you haven't, this may seem like a nonsensical ramble. So, I'll keep this one short and urge you to go watch the social commentary from comedian Jarrett Moore about the state of art, "content" and its effect on culture as it stands today. I'm assuming this isn't too much of a spoiler alert, but the situation is pretty dire. The world needs better art and people who are willing to support artists who are truly creative and take risks. This has nothing to do with bitcoin. But I think it highlights an interesting part of our society that is deteriorating at a rapid clip. And it's something that all of us should feel compelled to attend to lest we speed run into Idiocracy.

It made me feel uneasy about parts of my approach to this business, and that's a good thing.

Don't forget to buy a Bitkey!

Iran's Nuclear Ambitions Create a "Never-Ending Crisis"

In our latest discussion, energy expert Dr. Anas Alhajji described what he called Iran's "never-ending crisis" – a thesis he first published over 20 years ago that has proven remarkably accurate. As Alhajji explained, this crisis persists because of a fundamental contradiction: the U.S. sees any Iranian nuclear program (even peaceful) as strengthening a hostile regime, while Iran views nuclear energy as essential for domestic stability and economic survival.

"Iran is not going to negotiate over the bomb. They want to drag everything for the longest period until they get the bomb." - Dr. Anas Alhajji

What's particularly concerning is Iran's resilience against sanctions. Alhajji detailed how Iran has masterfully circumvented oil export restrictions through China, using a dedicated Chinese bank to process payments outside the international system. Iran's leadership appears willing to endure temporary geopolitical losses in Syria, Lebanon, and potentially Yemen, calculating that obtaining nuclear weapons will fundamentally transform regional politics and their treatment by the United States.

Check out the full podcast here for more on Trump's Middle East strategy, the future of BRICS, and critical challenges facing global energy infrastructure.

Headlines of the Day

Standard Chartered Predicts Bitcoin Will Reach $500K by 2028 - via X

Lummis: Genius Act Makes US Leader in Digital Asset Policy - via X

Get our new STACK SATS hat - via tftcmerch.io

Jake Tapper's Admission on Biden's Decline Sparks Media Ethics Debate - via X

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Final thought...

My oldest is already at the "faking sick to get out of school" stage and I'm extremely proud.

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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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@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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Key Takeaways

In this episode, Bitcoin Core veteran James O’Beirne delivers a sharp critique of Bitcoin’s developmental stagnation, attributing it to political dysfunction, post-fork trauma, and resistance within Bitcoin Core to critical upgrades like CheckTemplateVerify (CTV). He argues that while institutional adoption accelerates, internal innovation is being stifled by misplaced controversies—such as the OP_RETURN policy debate—and a bottlenecked governance model. O’Beirne warns that without urgent progress on scaling solutions like CTV, congestion control, and vaulting systems, Bitcoin risks ossifying and becoming vulnerable to institutional capture. Advocating a more adversarial posture, he suggests forking or building alternative clients to pressure progress but remains hopeful, seeing rising momentum for protocol upgrades from developers outside the Core elite.

Best Quotes

“Everybody has mempool derangement syndrome… it’s such a small issue in the grand scheme of challenges Bitcoin is facing.”

“Bitcoin is as much an experiment in technical human organization as it is a pure technology.”

“If we don’t figure out how to scale trustless Bitcoin self-custody, we’re toast. Right now, only about 2.5% of Americans could actually use Bitcoin monthly in a meaningful way.”

“CTV isn’t sexy—it just works. It keeps getting reinvented because it's so useful. At this point, it’s essential.”

“If Core isn’t going to evaluate these proposals, someone has to. Otherwise, we need to build the social justification for forking.”

“Lightning didn’t scale Bitcoin the way we expected. Let’s stop assuming a silver bullet is coming and start building the bridges ourselves.”

“You could onboard someone with just a phone and a vault… and give them more security than most hardware wallets.”

Conclusion

While Bitcoin gains traction with institutions and governments, its internal development is stalling under political inertia and misplaced focus. James O’Beirne urges the community to prioritize impactful upgrades like CTV and CCV, challenge the bottleneck of Bitcoin Core if needed, and recommit to Bitcoin’s foundational principles. This episode underscores the urgent need to bridge technical and social divides to ensure Bitcoin remains a decentralized, censorship-resistant tool for global value transfer.

Timestamps

0:00 - Intro
0:41 - Multi axis issue
5:12 - Core governance
9:41 - Derailing productive discussions
17:05 - Fold & Bitkey
18:32 - CTV
29:24 - Unchained
29:53 - Magnitude of change
41:45 - Covenant proposals
50:16 - CTV benefits
57:56 - Institutional ownership
1:05:26 - Moving forward

Transcript

(00:00) I think I have a somewhat different take than 99% of the people in the discussion. What freaks me out is if you've got Sailor owning half million coins or whatever and Black Rockck owning however many, people forget that Bitcoin is as much an experiment in technical human organization as it is, you know, as a sort of pure technology.
(00:17) The undernowledged reality is I'm actually interested to see if we have like a black swan adoption event from the machines. the risk given the increased scrutiny that things like the strategic Bitcoin reserve introduce there's a shot clock on getting to trustless decentralized value storage technology and I think we really have to be thinking about that combination of physically tired and mentally tired it's also tiresome James it's it's I was looking at that picture today and I was actually going to tweet it absent any caption just because it's
(00:52) a really good Uh yeah, it's a really good epitome of uh of a lot of stuff. But I'm with you, man. I'm tired. It's Friday. Who is it? Is that a just some random Japanese guy? I think it's it's I actually think it's from a documentary about I don't know if it's Africa, but Oh, yes. Yes.
(01:13) It's there's a little bit of a kind of like racy connotation there. Um yeah, the uh it's been long. It was interesting for me. We had Texas Energy Mining Summit here in Austin the beginning of the week. It sort of blended with Bitcoin plus I was over at Bitcoin++ Wednesday and yesterday doing the live desk and obviously topic of conversation is OP return this policy decision and this policy change that that core wants to make and many people are uh angry about and it's just again it's also tiresome.
(01:52) spoke with people on both sides over the two days and I I think I came away more confused than than I entered entered the week like what is the optimal path and somebody who's worked on Bitcoin core worked on Bitcoin core for for many years I've seen you tweeting about it seems like I won't put words in your mouth I'll let you say like what is your perspective on this whole policy debate around op return yeah so in general I think I have a somewhat different take than um 99% of the people in in the discussion which is basically that this
(02:25) is a really stupid discussion um everybody has mempool derangement syndrome like at every layer um and uh what what frustrates me a little bit about the conversation not not to not to uh get like um grumpy right off the bat but it's just it's it's such a small issue in the in the grand scheme of challenges that are being presented to Bitcoin that like spending all this drama on it um is is really a silly use of time and uh kind of emotion, but I can break it down for you.
(03:02) I mean, I think I think like largely the argument is happening on a few layers. Um the change itself technically I'm totally in favor of it. It makes sense. you know, basically the rationale is like, well, you know, um, people want to include exogenous data into the chain. Um, you can't really stop them from doing that.
(03:23) Um and so let's basically minimize the damage by saying hey you know we're going to make it easier for people to actually make use of op return as a data carrier which uh lets us avoid bloat in the UTXO set which is like one of the precious resources we have to take care of for the node.
(03:44) Um, so that's all good and the and the other thing too is that as we've seen with the ordinal stuff is um, you know, data is going to wait make its way into the chain and actually it hurts the whole network when um, there are transactions that most nodes haven't seen yet but they come through a block. Basically that slows down block propagation time.
(04:06) And so the whole idea is if you bring policy closer to the actual consensus rules, closer to the actual transactions that are going to come through and be mined, then you're going to have better network performance. You're going to have lower latency when it comes to actually broadcasting a new block around. So that's like the the sort of technical layer of the discussion.
(04:25) It's it's really a minute non-controversial change if you kind of have fluency with the the technical end of the mempool. Um, but I think there's this this higher layer to the conversation which is sort of a readjudication of spam in Bitcoin. And it's, you know, I think a lot of the the old animal spirits and sentiments are emerging about like, well, we don't like spam.
(04:49) And I think for a lot of people who kind of get lost in the technical details, it's very easy to latch on to the sentiment of I don't like spam. Um and so uh so that makes the sort of ocean knots camp maybe more appealing. Uh so that's yeah that's I guess a summary if you want to jump in anything in particular we can that's what I was saying I came out more confused than I went in.
(05:20) So last week on RHR, hey, I agree. You want policy to be aligned with consensus. Like whether we like it or not, these transactions are getting into blocks. They're non-standard, but they are valid within consensus rules and policy just isn't aligning with that. And like you said, this is disrupting the P2P layer and potentially the fee uh estimation process that that many nodes use, many applications use.
(05:49) And it makes sense to me to align policy with consensus. These things are happening. And if you can make it so Bitcoin full nodes are operating as efficiently and optimally as possible by changing this, it makes sense to me. I think my one like push back was like makes sense to me. However, I think how it was communicated to people and the whole mess with the PR.
(06:12) I think it's I think it's it was it's it's just a tactical error. Like even if this change gets in the the the real benefit of is is not material. You know, nobody was really clamoring for it. um this stuff always, you know, gets the hackles up of everybody who cares at all about, you know, spamming Bitcoin. So, it was a real tactical error.
(06:36) And I think that's that's one place where I mean it's kind of I had a little bit of shot in Freud seeing it because I'm fairly critical of core as a project along you know a variety of axes at this point and it was just kind of a demonstration of the the disconnection and kind of ineptitude of um publicity management kind of on on their end.
(06:58) Um, and so like there's part of me that enjoys seeing that because I I'm kind of convinced that that group has a lot less efficacy than they have credibility. And so to to see that kind of catch up was was interesting. The uh let's dive into that like what you said multiple axes you have a problem. I think we've throughout the years like we've been discussing the issues that Bitcoin like yourself particularly as a Bitcoin core developer for many years trying to get things through not only in the context of the way core works from a governance
(07:35) structure but just the way Bitcoin works as a distributed open source protocol like trying to get changes in and I will say like

@ 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

@ 7f6db517:a4931eda

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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Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Šta je Bitcoin?
2. Šta Bitcoin može da učini za vas?
3. Zašto ljudi kupuju Bitcoin?
4. Da li je vaš novac siguran u dolarima, kućama, akcijama ili zlatu?
5. Šta je bolje za štednju od dolara, kuća i akcija?
6. Po čemu se Bitcoin razlikuje od ostalih valuta?
7. kako Bitcoin spašava svet?
8. Kako mogu da saznam više o Bitcoin-u?

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Bitcoin čini da štednja novca bude kul – i praktična – ponovo. Ovaj članak objašnjava kako i zašto.

Šta je Bitcoin?

Bitcoin se naziva digitalno zlato, mašina za istinu, blockchain, peer to peer mreža čvorova, energetski ponor i još mnogo toga. Bitcoin je, u stvari, sve ovo. Međutim, ova objašnjenja su često toliko tehnička i suvoparna, da bi većina ljudi radije gledala kako trava raste. Što je najvažnije, ova objašnjenja ne pokazuju kako Bitcoin ima bilo kakve koristi za vas.

iPod nije postao kulturološka senzacija jer ga je Apple nazvao „prenosnim digitalnim medijskim uređajem“. Postao je senzacija jer su ga zvali “1,000 pesama u vašem džepu.”

Ne zanima vas šta je Bitcoin. Vas zanima šta on može da učini za vas.

Baš kao i Internet, vaš auto, vaš telefon, kao i mnogi drugi uređaji i sistemi koje svakodnevno koristite, vi ne treba da znate šta je Bitcoin ili kako to funkcioniše da biste razumeli šta on može da učini za vas.

Šta Bitcoin može da učini za vas?

Bitcoin može da sačuva vaš teško zarađeni novac.

Bitcoin je stekao veliku pažnju u 2017. i 2018. godini zbog svoje spekulativne upotrebe. Mnogi ljudi su ga kupili nadajući se da će se obogatiti. Cena je naglo porasla, a zatim se srušila. Ovo nije bio prvi put da je Bitcoin uradio to. Međutim, niko nikada nije izgubio novac držeći bitcoin duže od 3,5 godine – ćak i ako je kupio na apsolutnim vrhovima.

Zašto Bitcoin konstantno raste? Ljudi počinju da shvataju koliko je Bitcoin moćan, kao način uštede novca u svetu u kojem je ’novac’ poput dolara, eura i drugih nacionalnih valuta dizajniran da gubi vrednost.

Ovo čini Bitcoin odličnom opcijom za štednju novca na nekoliko godina ili više. Bitcoin je bolji od štednje novca u dolarima, akcijama, nekretninama, pa čak i u zlatu.

Zato pokušajte da zaboravite na trenutak na razumevanje blockchaina, digitalne valute, kriptografije, seed fraza, novčanika, rudarstva i svih ostalih nerazumljivih termina. Za sada, razgovarajmo o tome zašto ljudi kupuju Bitcoin: razlog je prostiji nego što vi mislite.

Zašto ljudi kupuju Bitcoin?

Naravno, svako ima svoj razlog za kupovinu Bitcoin-a. Jedan od razloga, koji verovatno često čujete, je taj što mu vrednost raste. Ljudi žele da se obogate. Uskoče kao spekulanti, krenu u vožnju i najverovatnije ih prodaju ubrzo nakon kupovine.

Međutim, čak i kada cena krene naglo prema gore i strmoglavo padne nazad, mnogi ljudi ostanu i nakon tog pada. Otkud mi to znamo? Broj aktivnih novčanika dnevno, koji je otprilike sličan broju korisnika Bitcoin-a, nastavlja da raste. Takođe, nakon svakog balona u istoriji Bitcoin-a, cena se nikada ne vraća na svoju cenu pre balona. Uvek ostane malo višlja. Bitcoin se penje, a svaka masovna spekulativna serija dovodi sve više i više ljudi.

Broj aktivnih Bitcoin novčanika neprekidno raste

„Aktivna adresa“ znači da je neko tog dana poslao Bitcoin transakciju. Donji grafikon je na logaritamskoj skali.

Izvor: Glassnode

Cena Bitcoina se neprestano penje

Kroz istoriju Bitcoin-a možemo videti divlje kolebanje cena, ali nakon svakog balona, cena se ostaje višlja nego pre. Ovo je cena Bitcoin-a na logaritamskoj skali.

Izvor: Glassnode

To pokazuje da se ljudi zadržavaju: potražnja za Bitcoin-om se povećava. Da je svaki masovni rast cena bio samo balon koji su iscenirali prevaranti koji žele brzo da se obogate, cena bi se vratila na nivo pre balona. To se dogodilo sa lalama, ali ne i sa Bitcoin-om.

I zašto se onda cena Bitcoin-a stalno povećava? Sve veći broj ljudi čuva Bitcoin dugoročno – oni razumeju šta Bitcoin može učiniti za njihovu štednju.

Zašto ljudi štede svoj novac u Bitcoin-u umesto na štednim računima, kućama, deonicama ili zlatu? Hajde da pogledajmo sve te metode štednje, i zatim da ih uporedimo sa Bitcoin-om.

Da li je vaš novac siguran u dolarima, kućama, akcijama ili zlatu?

Tokom mnogo godina, to su bile pristojne opcije za štednju. Međutim, sistem koji podržava vrednost svega ovoga je u krizi.

Dolari, Euri, Dinari

Dolari i sve ostale „tradicionalne“ valute koje proizvode vlade, stvorene su da izgube vrednost kroz inflaciju. Banke i tradicionalni monetarni sistem uzrokuju inflaciju stalnim stvaranjem i distribucijom novog novca. Kada Američke Federalne Rezerve objave ciljanu stopu od 2% inflacije, to znači da žele da vaš novac svake godine izgubi 2% od svoje vrednosti. Čak i sa inflacijom od samo 2%, vaša štednja u dolarima izgubiće polovinu vrednosti tokom 40-godišnjeg radnog veka.

Izveštena inflacija se danas opasno povečava, uprkos rastućem „buretu sa barutom“ koji bi mogao da explodira i dovede do masivne hiperinflacije. Što je više valute u opticaju, to je više baruta u buretu.

Naše vlade su ekonomiju napunile valutama da bankarski sistem ne bi propao nakon finansijske krize koja se dogodila 2008. godine. Od tada je većina glavnih centralnih banaka postavila vrlo niske kamatne stope, što pojedincima i korporacijama omogućava dobijanje jeftinijih kredita. To znači da mnogi pojedinci i korporacije podižu ogromne kredite i koriste ih za kupovinu druge imovine poput deonica, umetničkih dela i nekretnina. Sve ovo pozajmljivanje znači da stvaramo tone novog novca i stavljamo ga u opticaj.

Računi za podsticaje (stimulus bills) COVID-19 za 2020. godinu unose trilione u sistem. Ovoliko stvaranje valuta na kraju dovodi do inflacije – velikog gubitka u vrednosti valute.

Količina američkog dolara u opticaju gotovo se udvostručila od marta 2020. godine. Izvor

Računi za podsticaje su bez presedana, toliko da je neko izmislio meme da opiše ovu situaciju.

Resurs koji vlade mogu da naprave u većem broju da bi platile svoje račune? Ne zvuči kao dobro mesto za štednju novca.

Kuće

Kuće su tokom prošlog veka bile pristojan način štednje novca. Međutim, pad cena nekretnina 2007. godine doveo je do toga da su mnogi vlasnici kuća izgubili svu ušteđevinu.

Danas su kuće gotovo nepristupačne za prosečnog čoveka. Jedan od načina da se ovo izmeri je koliko godišnjih zarada treba prosečnom čoveku da zaradi ekvivalent vrednosti prosečne kuće. Prema CityLab-u, publikaciji Bloomberg-a koja pokriva gradove, porodica može da priuštiti određenu kuću ako košta manje od 2,6 godišnjih prihoda domaćinstva te porodice.

Međutim, prema RZS (Republički zavod za statistiku) prosečan prihod porodičnog domaćinstva u Srbiji iznosi oko 570 EUR mesečno ili otprilike 7.000 EUR godišnje. Nažalost, samo najjeftinija područja van gradova imaju srednje cene kuća od oko 2,6 prosečnih godišnjih prihoda domaćinstva. U većim gradovima poput Beograda i Novog Sada srednja cena kuće je veća od 10 prosečnih godišnjih prihoda jednog domaćinstva.

Ako nekako možete sebi da priuštite kuću, ona bi mogla biti pristojna zaliha vrednosti. Dokle god ne doživimo još jedan krah i izvršitelji zaplene ovu imovinu mnogim vlasnicima kuća.

Akcije

Berza je u prošlosti takođe dobro poslovala. Međutim, sporo i stabilno povećanje tržišta događa se u dosadnom, predvidljivom svetu. Svakog dana vidimo sve manje toga. Nakon ubrzanja korona virusa, videli smo smo najbrži pad američke berze u istoriji od 25% – brži od Velike depresije.

Neki se odlučuju za ulaganje u obveznice i drugu finansijsku imovinu, ali ’prinosi’ za tu imovinu – procenat kamate zarađene na imovinu iz godine u godinu – stalno opada. Sve veći broj odredjenih imovina ima čak i negativne prinose, što znači da posedovanje te imovine košta! Ovo je veliki problem za sve koji se oslanjaju na penziju. Plus, s obzirom na to da su akcije denominovane u tradicionalnim valutama poput dolara i evra, inflacija pojede prinos koji investitor dobije.

Najgore od svega je to što ti isti ekonomski krahovi koji uzrokuju masovna otpuštanja i teško tržište rada takođe znače i nagli pad cena akcija. Čuvanje ušteđevine u akcijama može značiti i gubitak štednje i gubitak posla zbog recesije. Teška vremena mogu da vas prisile da svoje akcije prodate po vrlo malim cenama samo da biste platili svoje račune.

A to nije baš siguran način štednje novca.

Zlato

Vrednost zlata neprekidno se povećavala tokom 5000 godina, obično padajući onda kada berza obećava jače prinose.

Cena zlata

Evidencija vrednosti zlata je solidna. Međutim, zlato nosi i druge rizike. Većina ljudi poseduje zlato na papiru. Oni fizički ne poseduju zlato, već ga njihova banka čuva za njih. Zbog toga je zlato veoma podložno konfiskaciji od strane vlade.

Zašto bi vlada konfiskovala nečije zlato, a kamoli u demokratskoj zemlji u „slobodnom svetu“? Ali to se dešavalo i ranije. 1933. godine Izvršnom Naredbom 6102, predsednik Roosevelt naredio je svim Amerikancima da prodaju svoje zlato vladi u zamenu za papirne dolare. Vlada je iskoristila pretnju zatvorom za prikupljanje zlata u fizičkom obliku. Znali su da se zlato više poštuje kao zaliha vrednosti širom sveta od papirnih dolara.

Ako posedujete svoje zlato na nekoj od aplikacija za trgovanje akcijama, možete se kladiti da će vam ga država oduzeti ako joj zatreba. Čak i ako posedujete fizičko zlato, onda ga izlažete mogućnosti krađe – od strane kriminalca ili vaše vlade.

Vaša uštedjevina nije bezbedna.

Rast cena svih gore navedenih sredstava zavisi od našeg trenutnog političkog i ekonomskog sistema koji se nastavlja kao i tokom proteklih 100 godina. Međutim, danas vidimo ogromne pukotine u ovom sistemu.

Sistem ne funkcioniše dobro za većinu ljudi.

Od 1971. plate većine američkih radnika nisu rasle. S druge strane, bogatstvo koje imaju najbogatiji u društvu nalazi se na nivoima koji nisu viđeni više od 80 godina. U međuvremenu, ljudi sve manje i manje veruju institucijama poput banaka i vlada.

EPI Plate VS Produktivnost

CBPP Nejednakost Bogatstva Tokom Vremena

Edelman Studija Poverenja

Širom sveta možemo videti dokaze o slamanju sistema kroz politički ekstremizam: izbor Trampa i drugih ekstremističkih desničarskih kandidata, Bregzit, pokret Occupy, popularizacija koncepta univerzalnog osnovnog dohotka, povratak pojma „socijalizam“ nazad u modu. Ljudi na svim delovima političkog i društvenog spektra osećaju problematična vremena i posežu za sve radikalnijim rešenjima.

Šta je bolje za štednju od dolara, kuća i akcija?

Pa kako ljudi mogu da štede novac u ovim teškim vremenima? Ili ne koriste tradicionalne valute, ili kupuju sredstva koja će zadržati vrednost u teškim vremenima.

Bitcoin ima najviše potencijala da zadrži vrednost kroz politička i ekonomska previranja od bilo koje druge imovine. Na tom putu će biti rupa na kojima će se rušiti ili pumpati, međutim, njegova svojstva čine ga takvim da će verovatno preživeti previranja kada druga imovina ne bude to mogla.

Šta Bitcoin čini drugačijim?

Bitcoini su retki.

Proces ‘rudarenja’ bitcoin-a, proizvodnju bitcoin-a čini veoma skupom, a Bitcoin protokol ograničava ukupan broj bitcoin-a na 21 milion novčića. To čini Bitcoin imunim na nagle poraste ponude. Ovo se veoma razlikuje od tradicionalnih valuta, koje vlade mogu da štampaju sve više kad god one to požele. Zapamtite, povećanje ponude vrši veliki pritisak na vrednost valute.

Bitcoini nemaju drugu ugovornu stranu.

Bitcoin se takođe razlikuje od imovine kao što su obveznice, akcije i kuće, jer mu nedostaje druga ugovorna strana. Druge ugovorne strane su drugi subjekti uključeni u vrednost sredstva, koji to sredstvo mogu obezvrediti ili vam ga uzeti. Ako imate hipoteku na svojoj kući, banka je druga ugovorna strana. Kada sledeći put dođe do velikog finansijskog kraha, banka vam može oduzeti kuću. Kompanije su kvazi-ugovorne strane akcijama i obveznicama, jer mogu da počnu da donose loše odluke koje utiču na njihovu cenu akcija ili na „neizvršenje“ duga (da ga ne vraćaju vama ili drugim poveriocima). Bitcoin nema ovih problema.

Bitcoin je pristupačan.

Svako sa 5 eura i mobilnim telefonom može da kupi i poseduje mali deo bitcoin-a. Važno je da znate da ne morate da kupite ceo bitcoin. Bitcoin-i su deljivi do 100-milionite jedinice, tako da možete da kupite Bitcoin u vrednosti od samo nekoliko eura. Neuporedivo lakše nego kupovina kuće, zlata ili akcija!

Bitcoin se ne može konfiskovati.

Banke drže većinu vaših eura, zlata i akcija za vas. Većina ljudi u razvijenom svetu veruje bankama, jer većina ljudi koji žive u današnje vreme nikada nije doživela konfiskaciju imovine ili ’šišanje’ od strane banaka ili vlada. Nažalost, postoji presedan za konfiskaciju imovine čak i u demokratskim zemljama sa snažnom vladavinom prava.

Kada vlada konfiskuje imovinu, ona obično ubedi javnost da će je menjati za imovinu jednake vrednosti. U SAD-u 1930-ih, vlada je davala dolare vlasnicima zlata. Vlada je znala da uvek može da odštampa još više dolara, ali da ne može da napravi više zlata. Na Kipru 2012. godine, jedna propala banka je svojim klijentima dala deonice banke da pokrije dolare klijenata koje je banka trebala da ima. I dolari i deonice su strmoglavo opali u odnosu na imovinu koja je uzeta od ovih ljudi.

Doći do bitcoin-a koji ljudi poseduju, biće mnogo teže jer se bitcoin-i mogu čuvati u novčaniku koji ne poseduje neka treća strana, a vi možete čak i da zapamtite privatne ključeve do vašeg bitcoin-a u glavi.

Bitcoin je za štednju.

Bitcoin se polako pokazuje kao najbolja opcija za dugoročnu štednju novca, posebno s obzirom na današnju ekonomsku klimu. Posedovanje čak i malog dela, je polisa osiguranja koja se isplati ako svet i dalje nastavi da ludi. Cena Bitcoin-a u dolarima može divlje da varira u roku od godinu ili dve, ali tokom 3+ godine skoro svi vide slične ili više cene od trenutka kada su ga kupili. U stvari, doslovno niko nije izgubio novac čuvajući Bitcoin duže od 3,5 godine – čak i ako je kupio BTC na apsolutnim vrhovima tržišta.

Imajte na umu da nakon ove tačke ti ljudi više nikada nisu videli rizik od gubitka. Cena se nikada nije smanjila niže od najviše cene u prethodnom ciklusu.

Po čemu se Bitcoin razlikuje od ostalih valuta?

Bitcoin funkcioniše tako dobro kao način štednje zbog svog neobičnog dizajna, koji ga čini drugačijim od bilo kog drugog oblika novca koji je postojao pre njega. Bitcoin je digitalna valuta, prvi i verovatno jedini primer valute koja ima ograničenu ponudu dok radi na otvorenom, decentralizovanom sistemu. Vlade strogo kontrolišu valute koje danas koristimo, poput dolara i eura, i proizvode ih za finansiranje ratova i dugova. Korisnici Bitcoin-a – poput vas – kontrolišu Bitcoin protokol.

Evo šta Bitcoin razlikuje od dolara, eura i drugih valuta:

Bitcoin je otvoren sistem.

Svako može da odluči da se pridruži Bitcoin mreži i primeni pravila softverskog protokola, što je dovelo do vrlo decentralizovanog sistema u kojem nijedan pojedinac ili entitet ne može da blokira transakciju, zamrzne sredstva ili da ukrade od druge osobe.Današnji savremeni bankarski sistem se uveliko razlikuje. Nekoliko banaka je dobilo poverenje da gotovo sve valute, akcije i druge vredne predmete čuvaju na “sigurnom” za svoje klijente. Da biste postali banka, potrebni su vam milioni dolara i neverovatne količine političkog uticaja. Da biste pokrenuli Bitcoin čvor i postali „svoja banka“, potrebno vam je nekoliko stotina dolara i jedno slobodno popodne.

Tako izgleda Bitcoin čvor – Node MyNode čvor vam omogućava da postanete svoja banka za samo nekoliko minuta.

Bitcoin ima ograničenu ponudu.

Softverski protokol otvorenog koda koji upravlja Bitcoin sistemom ograničava broj novih bitcoin-a koji se mogu stvoriti tokom vremena, sa ograničenjem od ukupno 21.000.000 bitcoin-a. S druge strane, valute koje danas koristimo imaju neograničenu ponudu. Istorija i sadašnje odluke centralnih banaka govore nam da će vlade uvek štampati sve više i više valuta, sve dok valuta ne bude bezvredna. Sve ovo štampanje uzrokuje inflaciju, što pravi štetu običnim radnim ljudima i štedišama.

Tradicionalne valute su dizajnirane tako da opadaju vremenom. Svaki put kada centralna banka kaže da cilja određenu stopu inflacije, oni ustvari kažu da žele da vaš novac svake godine izgubi određeni procenat svoje vrednosti.

Bitcoin-ova ograničena ponuda znači da je on tako dizajniran da raste vremenom kako se potražnja za njim povećava.

Bitcoin putuje oko sveta za nekoliko minuta.

Svako može da pošalje bitcoin-e za nekoliko minuta širom sveta, bez obzira na granice, banke i vlade. Potrebno je manje od minuta da se transakcija pojavi na novčaniku primaoca i oko 60 minuta da se transakcija u potpunosti „obračuna“, tako da primaoc može da bude siguran da su primljeni bitcoin-i sada njegovi (6 konfirmacija bloka). Slanje drugih valuta širom sveta traje danima ili čak mesecima ako se šalju milionski iznosi, a podrazumeva i visoke naknade.

Neke vlade i novinari tvrde da ova sloboda putovanja koju pruža Bitcoin pomaže kriminalcima i teroristima. Međutim, transakciju Bitcoin-a je lakše pratiti nego većinu transakcija u dolarima ili eurima.

Bitcoin se može čuvati na “USB-u”.

Dizajn Bitcoin-a je takav da vam treba samo da čuvate privatni ključ do svojih ‘bitcoin’ adresa (poput lozinke do bankovnih računa) da biste pristupili svojim bitcoin-ima odakle god poželite. Ovaj privatni ključ možete da sačuvate na disku ili na papiru u obliku 12 ili 24 reči na engleskom jeziku. Kao rezultat toga, možete da držite Bitcoin-e vredne milione dolara u svojoj šaci.

Sve ostale valute danas možete ili da strpate u svoj dušek ili da ih poverite banci na čuvanje. Za većinu ljudi koji žive u razvijenom svetu, i koji ne osporavaju autoritet i poverenje u banku, ovo deluje sasvim dobro. Međutim, oni kojima je potrebno da pobegnu od ugnjetavačke vlade ili koji naljute pogrešne ljude, ne mogu verovati bankama. Za njih je sposobnost da nose svoju ušteđevinu bez potrebe za ogromnim koferom neprocenjiva. Čak i ako ne živite na mestu poput ovog, cena Bitcoin-a se i dalje povećava kada ih neko kome oni trebaju kupi.

Kako Bitcoin spašava svet?

Bitcoin, kao ultimativni način štednje, je cakum pakum, ali da li on pomaže u poboljšanju sveta u celini?

Kao što ćete početi da shvatate, ulazeći sve dublje i u druge sadržaje na ovoj stranici, mnogi temeljni delovi našeg današnjeg monetarnog sistema i ekonomije su duboko slomljeni. Međutim, oni koji upravljaju imaju korist od ovakvih sistema, pa se on verovatno neće promeniti bez revolucije ili mirnog svrgavanja od strane naroda. Bitcoin predstavlja novi sistem, sa nekoliko glavnih prednosti:

• Bitcoin popravlja novac, koji je milenijumima služio kao važan alat za rast i poboljšanje društva.
• Bitcoin vraća zdrav razum pozajmljivanju, uklanjanjem apsurdnih situacija poput negativnih kamatnih stopa (gde zajmitelj plaća da bi se zadužio).
• Bitcoin pokreće ulaganja u obnovljive izvore energije i poboljšava energetsku efikasnost u mreži, služeći kao „krajnji kupac“ za sve vrste energije.

Kako mogu da saznam više o Bitcoin-u?

Ovaj članak vam je dao osnovno razumevanje zašto biste trebali razmišljati o Bitcoin-u. Ako želite da saznate više, preporučujem ove resurse:

• Film "Bitcoin: Kraj Novca Kakav Poznajemo"
• Još uvek je rano za Bitcoin
• Zasto baš Bitcoin?
• Šta je to Bitcoin?
• The Bitcoin Whitepaper ← objavljen 2008. godine, ovo je izložio dizajn za Bitcoin.

@ 7f6db517:a4931eda

Bank run on every crypto bank then bank run on every "real" bank.

— ODELL (@ODELL) December 14, 2022

Good morning.

It looks like PacWest will fail today. It will be both the fifth largest bank failure in US history and the sixth major bank to fail this year. It will likely get purchased by one of the big four banks in a government orchestrated sale.  

March 8th - Silvergate Bank
March 10th - Silicon Valley Bank
March 12th - Signature Bank
March 19th - Credit Suisse
May 1st - First Republic Bank
May 4th - PacWest Bank?

PacWest is the first of many small regional banks that will go under this year. Most will get bought by the big four in gov orchestrated sales. This has been the playbook since 2008. Follow the incentives. Massive consolidation across the banking industry. PacWest gonna be a drop in the bucket compared to what comes next.

First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency network. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.

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

@ 7f6db517:a4931eda

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.

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If you missed my nostr introduction post you can find it here. My nostr account can be found here.

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We are nearly at the point that if something interesting is posted on a centralized social platform it will usually be posted by someone to nostr.

We are nearly at the point that if something interesting is posted exclusively to nostr it is cross posted by someone to various centralized social platforms.

We are nearly at the point that you can recommend a cross platform app that users can install and easily onboard without additional guides or resources.

As companies continue to build walls around their centralized platforms nostr posts will be the easiest to cross reference and verify - as companies continue to censor their users nostr is the best censorship resistant alternative - gradually then suddenly nostr will become the standard. 🫡

Current Nostr Stats

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• Version 1.3 of Bitcoin Safe introduces a redesigned interactive chart, quick receive feature, updated icons, a mempool preview window, support for Child Pays For Parent (CPFP) and testnet4, preconfigured testnet demo wallets, as well as various bug fixes and improvements.

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

"Compact Block Filters increase the network privacy dramatically, since you're not asking an electrum server to give you your transactions. They are a little slower than electrum servers. For a savings wallet like Bitcoin Safe this should be OK," writes the project's developer Andreas Griffin.

• Learn more about the current and upcoming features of Bitcoin Safe wallet here.

What's new in v1.3

• Redesign of Chart, Quick Receive, Icons, and Mempool Preview (by @design-rrr).
• Interactive chart. Clicking on it now jumps to transaction, and selected transactions are now highlighted.

• Speed up transactions with Child Pays For Parent (CPFP).
• BDK 1.2 (upgraded from 0.32).
• Testnet4 support.
• Preconfigured Testnet demo wallets.
• Cluster unconfirmed transactions so that parents/children are next to each other.
• Customizable columns for all tables (optional view: Txid, Address index, and more)
• Bug fixes and other improvements.

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ dfa02707:41ca50e3

• This version introduces the Soroban P2P network, enabling Dojo to relay transactions to the Bitcoin network and share others' transactions to break the heuristic linking relaying nodes to transaction creators.

• Additionally, Dojo admins can now manage API keys in DMT with labels, status, and expiration, ideal for community Dojo providers like Dojobay. New API endpoints, including "/services" exposing Explorer, Soroban, and Indexer, have been added to aid wallet developers.
• Other maintenance updates include Bitcoin Core, Tor, Fulcrum, Node.js, plus an updated ban-knots script to disconnect inbound Knots nodes.

"I want to thank all the contributors. This again shows the power of true Free Software. I also want to thank everyone who donated to help Dojo development going. I truly appreciate it," said Still Dojo Coder.

What's new

• Soroban P2P network. For MyDojo (Docker setup) users, Soroban will be automatically installed as part of their Dojo. This integration allows Dojo to utilize the Soroban P2P network for various upcoming features and applications.
• PandoTx. PandoTx serves as a transaction transport layer. When your wallet sends a transaction to Dojo, it is relayed to a random Soroban node, which then forwards it to the Bitcoin network. It also enables your Soroban node to receive and relay transactions from others to the Bitcoin network and is designed to disrupt the assumption that a node relaying a transaction is closely linked to the person who initiated it.
  • Pushing transactions through Soroban can be deactivated by setting NODE_PANDOTX_PUSH=off in docker-node.conf.
  • Processing incoming transactions from Soroban network can be deactivated by setting NODE_PANDOTX_PROCESS=off in docker-node.conf.
• API key management has been introduced to address the growing number of people offering their Dojos to the community. Dojo admins can now access a new API management tab in their DMT, where they can create unlimited API keys, assign labels for easy identification, and set expiration dates for each key. This allows admins to avoid sharing their main API key and instead distribute specific keys to selected parties.
• New API endpoints. Several new API endpoints have been added to help API consumers develop features on Dojo more efficiently:
  • New:
    • /latest-block - returns data about latest block
    • /txout/:txid/:index - returns unspent output data
    • /support/services - returns info about services that Dojo exposes
  • Updated:
    • /tx/:txid - endpoint has been updated to return raw transaction with parameter ?rawHex=1
  • The new /support/services endpoint replaces the deprecated explorer field in the Dojo pairing payload. Although still present, API consumers should use this endpoint for explorer and other pairing data.

Other changes

• Updated ban script to disconnect inbound Knots nodes.
• Updated Fulcrum to v1.12.0.
• Regenerate Fulcrum certificate if expired.
• Check if transaction already exists in pushTx.
• Bump BTC-RPC Explorer.
• Bump Tor to v0.4.8.16, bump Snowflake.
• Updated Bitcoin Core to v29.0.
• Removed unnecessary middleware.
• Fixed DB update mechanism, added api_keys table.
• Add an option to use blocksdir config for bitcoin blocks directory.
• Removed deprecated configuration.
• Updated Node.js dependencies.
• Reconfigured container dependencies.
• Fix Snowflake git URL.
• Fix log path for testnet4.
• Use prebuilt addrindexrs binaries.
• Add instructions to migrate blockchain/fulcrum.
• Added pull policies.

#FREESAMOURAI

Learn how to set up and use your own Bitcoin privacy node with Dojo here.

Announcement / Archive
GitHub Repo

@ b1ddb4d7:471244e7

When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.

While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.

We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.

First Steps

• So, where did it all begin for you and what made you stay curious?

I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.

I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.

After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.

I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.

Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.

That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.

When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.

DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.

The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”

• At what point did you start teaching others, and why?

After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.

What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.

Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.

I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?

Building on Bitcoin

• You hosted some in-person meetups in Sacramento. What did you learn from those?

My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.

I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.

At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.

Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.

• Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?

My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).

I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.

The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.

• How do local groups like Sactown and Cleveland Bitcoiners influence your work?

Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.

Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.

I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.

Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.

• What do people struggle with the most when it comes to technical education?

The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”

Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?

I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.

• One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?

I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.

They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.

As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.

• How do you choose what to focus on in your sessions, especially for different types of learners?

I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.

At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.

Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.

There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.

That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.

I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on

@ cae03c48:2a7d6671

Bitcoin Magazine

Cowbolt Announces Their Mission to Make Bitcoin Familiar to Everybody

Today at the Bitcoin Conference in Las Vegas, Cowbolt, an app that lets you split expense payments and settle in bitcoin, will launch their mission: turn peer-to-peer payments into a Bitcoin onramp, starting with family and friends.

Cowbolt will let their clients split costs and settle instantly using Bitcoin and USDT, with no middlemen, no bank friction and with self-custody. They will try to convert everyday transactions into Bitcoin adoption. 

“We believe the most powerful onramp to Bitcoin isn’t an exchange — it’s people,” said the co-founder of Cowbolt Daniel Ekström. “That’s why we built Cowbolt. For friends, not hedge funds.”

What Cowbolt will bring to the table:

• Split and settle.
• Keep your keys.
• Fast and trusted.
• Works across borders.

The app is already being used for remittances, group travel, and day-to-day payments. It’s designed to be like a modern fintech app and will be available for iOS and Android. 

“Building Airbnb taught me that when design is simple and gets out of the way, people do amazing things,” stated the ex-Creative Director at Airbnb & co-founder Cowbolt Tony Högqvist. “That’s the point here too. Not to store bitcoin in an ETF, but to use it between people. Effortlessly. Among teams, friends, families — every day.”

This post Cowbolt Announces Their Mission to Make Bitcoin Familiar to Everybody first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ da8b7de1:c0164aee

Nemzetközi nukleáris energetikai hírek

Új amerikai kis moduláris reaktor engedélykérelem

A Tennessee Valley Authority (TVA) benyújtotta az Egyesült Államok Nukleáris Szabályozó Hatóságához (NRC) az engedélykérelmet egy GE Vernova Hitachi Nuclear Energy BWRX-300 kis moduláris reaktor (SMR) megépítésére a Clinch River telephelyen. Ez jelentős lépés az új, fejlett nukleáris technológiák bevezetésében az Egyesült Államokban, és jól mutatja, hogy az SMR-ek egyre fontosabb, rugalmas és skálázható tisztaenergia-megoldássá válnak[world-nuclear-news.org].

Amerikai elnöki rendeletek a nukleáris bővítés felgyorsítására

Donald Trump amerikai elnök négy elnöki rendeletet írt alá, amelyek célja a reaktorengedélyezési folyamatok gyorsítása, a hazai urántermelés növelése és a fejlett nukleáris technológiák bevezetésének felgyorsítása. Az új irányelvek ambiciózus célokat tűznek ki, például az amerikai nukleáris kapacitás megnégyszerezését 2050-re, az NRC számára az engedélyezési idő 18 hónapra csökkentését, valamint szövetségi területek kijelölését új nukleáris létesítmények számára. Ezeket a rendeleteket az „amerikai nukleáris reneszánsz” alapjának szánják, különös hangsúlyt fektetve az AI-ipar energiaigényeinek kielégítésére és a hazai gyártás újjáélesztésére[nucnet.org].

Iparági optimizmus és globális befektetési trendek

Az iparági vezetők egészséges és optimista kilátásokról számolnak be a nukleáris energia terén, kiemelve olyan aktív projekteket, mint a TerraPower Wyomingban, az X-energy és a Dow együttműködése, valamint a Westinghouse tevékenysége Lengyelországban. Különösen nagy az érdeklődés a magánbefektetések iránt a magas dúsítású, alacsony dúsítású urán (HALEU) előállítása terén, illetve annak lehetősége iránt, hogy a Világbank elkezdjen nukleáris projekteket finanszírozni, ami szélesebb körű nemzetközi befektetéseket is elindíthat[ans.org].

Nemzetközi fejlemények és ellátási lánc felkészültsége

Számos ország halad előre a nukleáris fejlesztésekkel: - Kína tíz új reaktort hagyott jóvá. - India szabályozó hatósága engedélyezte egy új, négyblokkos telephely létesítését Rádzsasztánban. - Belgium konzultációt indított egy innovatív, ólom-hűtésű kis moduláris reaktor terveiről. - Brazília várhatóan Oroszországgal közösen fejleszt SMR-projektet. - Csehország új nukleáris szerződéseket köt, a külső politikai nyomás ellenére is.

A globális nukleáris ellátási láncot arra ösztönzik, hogy készüljön fel a gyors növekedésre, kiemelve a helyi és nemzetközi együttműködés fontosságát a növekvő igények kielégítésére[world-nuclear-news.org].

Úszó atomerőművek és tengeri innovációk

Az úszó atomerőművek továbbra is az innováció középpontjában állnak: - Oroszország Akademik Lomonosov nevű úszó atomerőműve elérte az első milliárd kilowattóra termelést. - Az Egyesült Királyságban a Core Power egy amerikai központú tengeri nukleáris programot fejleszt, melynek célja úszó reaktorok telepítése amerikai kikötőkben a 2030-as évek közepére. - A dán Seaborg Technologies (új nevén Saltfoss Energy) kompakt olvadt só reaktor technológián dolgozik, amelyet szintén a 2030-as évekre terveznek bevezetni. - A Westinghouse és a Core Power együttműködik egy úszó atomerőmű fejlesztésén az eVinci mikroreaktorral[world-nuclear-news.org].

Érintettek bevonása és társadalmi bizalom

A Nemzetközi Atomenergia-ügynökség (IAEA) kiemeli az érintettek bevonásának fontosságát a nukleáris energia jövője szempontjából. Folyamatban lévő konferenciáján olyan témákat tárgyalnak, mint a nukleáris energia szerepe az ipari dekarbonizációban, a nyilvános meghallgatások értéke a projektek átláthatósága érdekében, valamint a társadalmi bizalom és a szabályozói megfelelés legjobb gyakorlatai, különösen az új technológiák, például az SMR-ek bevezetése során[iaea.org].

---

Források: - world-nuclear-news.org - nucnet.org - iaea.org - ans.org

@ 91117f2b:111207d6

When Nigerians and Americans collide as nigerians call it (jam). Hilarity ensues: Some humerus observations:

FOOD FIGHTS Americans: pizza(sauce and cheese flying everywhere). Pie: (especially creamed-filled or fruit pies 🥧 tacos: (crunchy shells and soft fillings make for a messy fight). Nigerians 🇳🇬 :you call that a meal? Where is the pounded yam(white any molded, heavy and soft most suitable for mess😁

Americans 🇺🇸 :you mean you eat fufu with your hands? That's adventurous.

DANCE BATTLE NIGERIANS 🇳🇬 : Azonto, poco Lee shaku Shakur. AMERICANS 🇺🇸 : Gangnam style

MUSIC PREFERENCES Nigerians 🇳🇬 : afrobeats all day Americans 🇺🇸 :country road, take me home.

Despite this differences both cultures share a love for food, good music and laughter. Who knows maybe one day, we will see a 🇳🇬 -America 🇺🇸 fusion cruisine Jollof burger and suya tacos? 🍴😂

FESTIVAL AND CELEBRATION

Nigerians 🇳🇬 : colorful cultural festival like oshogbo,eyo, esun. Americans 🇺🇸 :independence day, Halloween Thanksgiving, diverse cultural celebration.

If Nigerians were to try halloween we would be referred to as winch. (witch).

This differences highlight the unique aspects of each culture, showcasing the beauty of diversity and understanding of understanding and appreciation.

COMMUNICATION STYLE Americans: uh hi what's your name? Nigerians: watin be your name?

Let's dive deeper GREETINGS

Americans: hey "what's up?

Nigerians: how is your family, your parents, siblings. Oya greet them for me " Nigerians love to make sure all of the family members have been asked about 🙌

FAMILY GATHERING Americans:"just me, my parents and my cat" Nigerians: "come, and meet my 50 cousins"

RELATIONSHIP In America 🇺🇸 it is normal for teenagers to be in a relationship, you can see a boy or girl alone in a room and the parent won't say shit. IN Nigeria 🇳🇬 as a teenager if you are caught with a girl or boy alone in a room, just pray to survive the night especially if your parents are warriors (they don't mess around).

IN America 🇺🇸 if a teenager tells his parents "mom dad I love him or her and I will leave the house if you don't allow us to be" the parent will allow them. IN Nigeria 🇳🇬, Tell them you are in love with your lover, and if they don't allow you to be together you will leave the house their response will be shocking even to you 😂😂 the child.

Americans 🇺🇸 : they do some activities like kiss or grab whereby a guy or girl choose between to kiss or to grab a stranger in the ass. Nigerians 🇳🇬 : if you are are caught in the street, you can will be referred to as oscroh (prostitute) and will be chased away.

Americans has more liberty but in Nigeria you are always watched by your parent, parents friends or anyone at all.

But the two countries has been a lot of things in common

@ 9e9085e9:2056af17

Part 3: Features That Can Drive User Engagement

Growing the Yakihonne Community – What’s Next?

To attract more users and keep engagement high, Yakihonne could expand with the following features:

1. Gamification & Milestones

Badges, activity points, and rewards to motivate interaction.

1. Smart Content Discovery

Trending topics, hashtag feeds, and AI-curated (but private) suggestions.

1. Community Tools

Verified groups, decentralized moderation, and event features.

1. Rich Profile Customization

Bio, themes, badges, and follower highlights.

1. Lightning Micro-Tipping

Enable users to send instant tips for posts or engagement.

1. Cross-Device Compatibility

Smooth use across mobile, web, and desktop.

1. Developer Ecosystem

Open APIs to allow third-party apps and tools to thrive.

Yakihonne #Yakihonne #Yakihonne #Nostr #Nostr #YoungDfx

@ 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

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The Bitcoin world begins what is considered to be its biggest event yet — Bitcoin 2025, a three-day conference taking place May 27-29 at The Venetian Resort in Las Vegas.

With over 30,000 attendees expected, the event will bring together the biggest names in politics, finance, technology and the global Bitcoin community.

Hosted by BTC Inc., Bitcoin 2025 is not just another tech conference — it’s a global gathering that mixes policy, innovation and community under one roof.

It’s where big ideas about the future of money are debated, shared and shaped.

Influential speakers will attend the conference

The conference features a wide range of speakers from Bitcoin experts and educators to political leaders and athletes.

Big names like U.S. Vice President JD Vance, Trump’s Crypto Czar David Sacks, and Senator Cynthia Lummis are among the most anticipated guests.

Vice President Vance is expected to talk about the role of Bitcoin in the national economy. “The resilience of Bitcoin as a financial instrument is a testament to the power of decentralized finance,” he recently said.

Also speaking are Nigel Farage, a well-known voice in European politics and Donald Trump Jr., a supporter of financial freedom through digital currency.

Also, Michael Saylor, Executive Chairman of Strategy will be back on stage to talk about bitcoin as a corporate asset.

There are over 70 speakers on the list including Adam Back (CEO of Blockstream), Jan van Eck (CEO of VanEck) and Bryan Johnson, a futurist known for his work in human longevity and health tech.

Bitcoin 2025 will feature special new programs including Code + Country, a one-day segment on May 27 that explores how freedom, technology and innovation shape modern society.

Speakers like Chris LaCivita (Trump’s 2024 campaign co-CEO) and David Sacks (AI and digital assets advisor) will be talking about how digital tools are changing politics and finance.

Also new this year, is The Art of Freedom, an exhibit that showcases how Bitcoin is impacting the art world.

This museum-style experience allows artists to price and sell their work using bitcoin, connect directly with fans and avoid traditional middlemen.

The first official Bitcoin Conference was in 2019 in San Francisco, after grassroots meetups in 2013 and 2014. Since then, it’s been the biggest annual event in the Bitcoin world.

This year is especially important.

Global economic changes are happening and analysts say the discussions at Bitcoin 2025 will shape the next wave of regulatory reforms and technological standards for Bitcoin and stablecoins.

Bitcoin (BTC) has recently been hovering at around $110,000 with a market cap of $2.12 trillion. Many think the ideas and announcements at the event will impact price and policy.

Bitcoin 2025 is for everyone — long-time Bitcoiners to newcomers to digital assets, with keynotes, panels, massive expo halls and VIP networking.

It’s fun too. There are numerous parties, meetups and side events to connect, making it a place to learn, meet others who share the same interests and help shape the financial world.

The scale and diversity of Bitcoin 2025 make it more than just a Bitcoin event.

It’s a reflection of how far Bitcoin has come — from internet forums to boardrooms and government halls. It’s not just about Bitcoin anymore, it’s about the future of the world.

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Michael Saylor, executive chairman of Strategy, has stirred up the Bitcoin community with his recent comments on proof-of-reserves, calling it a “bad idea” that puts institutional security at risk.

Speaking at a side event at the Bitcoin 2025 conference in Las Vegas, Saylor expressed strong concerns about the security implications of on-chain proof of reserves (PoR), a method used by many bitcoin companies to show they actually hold the assets they claim.

“The conventional way of issuing proof of reserves today is actually insecure,” Saylor said.

“It actually dilutes the security of the issuer, the custodians, the exchanges and the investors. It’s not a good idea, it’s a bad idea.”

Proof-of-reserves is a process where companies with bitcoin reserves share public wallet addresses or use cryptographic methods to prove how much bitcoin they hold.

This practice gained popularity after the collapse of major exchanges like FTX and Mt. Gox to build trust through transparency.

Many big players in the digital asset space, including Binance, Kraken, OKX and asset manager Bitwise, have adopted PoR to reassure users and stakeholders.

Related: Bitwise Announces On-Chain Address, Donations Go to Shareholders

Saylor’s objections boil down to two main points.

First, he believes publishing wallet addresses creates serious security risks. By exposing institutional wallet structures, companies may open themselves up to attacks from hackers, hostile governments or malicious actors.

“[It’s like] publishing the address and the bank accounts of all your kids and the phone numbers of all your kids and then thinking somehow that makes your family better,” Saylor said.

“(It becomes) an attack vector for hackers, nation-state actors, every type of troll imaginable.”

He even asked the audience to try a thought experiment:

“Go to AI, put it in deep think mode and then ask it ‘what are the security problems of publishing your wallet addresses?’ and ‘how might it undermine the security of your company over time’ … It will write you a book. It will be fifty pages of security problems.”

Second, Saylor pointed out that proof of reserves only shows what a company owns, not what it owes. In his view, that’s incomplete.

“It’s proof of assets that is insecure, and it is not proof of liabilities… So you own $63 billion worth of bitcoin—do you have a hundred billion dollars of liabilities?” he asked rhetorically.

For large institutions and investors, this view of financial health is not enough.

Instead of publishing wallet addresses, Saylor thinks the better approach is to use institutional-grade audits by trusted firms.

“The best practice… would be to have a Big Four auditor that checks to make sure you actually have the bitcoin, then checks to make sure the company hasn’t rehypothecated or pledged the bitcoin,” he said.

“Then you have to wash it through a public company where the CFO signs, then the CEO signs, then the chairman and all the outside directors are civilly and criminally liable for it.”

He believes the legal consequences of corporate auditing — including prison time for fraud under the Sarbanes-Oxley Act — are stronger than cryptographic proof alone.

He did admit that a more secure, future version of PoR might be possible if it involved zero-knowledge proofs that protect wallet privacy while still confirming ownership.

Not everyone agrees with Saylor’s opinion. While some praised his focus on security, others accused Saylor of hiding something.

Speculations resurfaced about whether Strategy truly holds all the bitcoin it claims, or if it’s involved in so-called “paper bitcoin” — claims to BTC without physical backing.

Others pointed out that exchanges like Kraken and asset managers like Bitwise have implemented PoR systems without major breaches.

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Bitcoin Magazine

Bitcoin Is Here To Stay, Says Former US Treasurer Rosie Rios

At the 2025 Bitcoin Conference in Las Vegas, the Co-Manager of President Trump’s 2024 Campaign Chris LaCivita, Congressman Brian T. Jack, the Chief Policy Officer of Coinbase Faryar Shirzad and Former US Treasurer Rosie Rios at the Nakamoto stage discussed the 250th birthday of the United States, Bitcoin, freedom, and crypto.

Rosie Rios emphasized that consumer behavior is very hard to change unless there is a shock to the system. She said she is amazed by the momentum of the level of change that has happened during these four months in terms of giving that green light to innovation to actually happen.

“You are gonna hear me say a lot, the train has left the station. Bitcoin is here to stay. Blockchain is here to stay,” said Rios.

JUST IN: Former Treasurer of the United States Rosie Rios says, “#Bitcoin is here to stay.”

“The train has left the station.” pic.twitter.com/M4noy7DPha

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

“It’s about freedom and what crypto represents on a national scale,” said Chris LaCivita. “This country was founded on the entrepreneurial spirit of Americans and we are on the forefront of establishing and formulating the future of currency.”

Jack mentioned that earlier this year, they started to use a congressional tool called the Congressional Review Act that will enable them to repeal any regulation Joe Biden’s administration put on any sector during his last months in office. 

“One of the first laws that Donald Trump signed into law was the repeal of a very niche but interesting issue for some folks in the room,” stated Jack. “It was a policy that the CFPB thrust upon the industry in December that really helped them regulate, if you will, or over regulate payment processors. So a lot of the payment processors that process bitcoin, process crypto, they were going to be under these incredible burdens by CFPB.”

“The eyes of the world are watching,” commented Rosie. “We are setting the tone for what happens not just in our history but for the future and for all of us this is the American dream. This is about the values of which our country was founded.”

“For Bitcoin and Blockchain in general whoever creates that dominant digital infrastructure will set the tone for the whole global financial system and it starts here literally at this conference with this leadership with this President moving forward,” stated Rosie Rios closing the panel. 

This post Bitcoin Is Here To Stay, Says Former US Treasurer Rosie Rios first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

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Bitcoin Magazine

White House Executive Director Bo Hines Declares U.S. The Future Global Crypto Superpower

In a session at the Bitcoin 2025 Conference this morning titled “_Making America the Global Bitcoin Superpower“_, Bo Hines, White House Executive Director, Tyler Williams, from the US Treasury Department, and moderator Miles Jennings made one thing clear: the United States is going all-in on Bitcoin—and fast. 

JUST IN: President Trump's Executive Director said "Bitcoin is the golden standard."

"We're not gonna sell any Bitcoin that we possible have in the US government, period." pic.twitter.com/F6Dv2nUk9b

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

“We are well on our way to becoming the bitcoin superpower of the world,” said Bo Hines. “This is something that is not partisan. This is a revolution in our financial system.” 

Moderator Miles Jennings pointed to key regulatory steps currently in motion. “If the bill becomes law (and I hope it does) we will have quite an active role. The connective tissue between the legacy financial system and bitcoin, stablecoins, and everything else will really be paved with stablecoin legislation,” Jennings said.

Hines emphasized that, “Updating the payment rails is necessary and we are well on our way to achieving that.” He also noted that upcoming market structure legislation will define how intermediaries like exchanges and brokers are regulated and how digital assets are classified—either as securities or commodities. 

“We want folks to innovate here,” Hines stressed. “We can’t be fearful of them walking into the SEC and getting a Wells notice before they get on the elevator.” He added that U.S. regulators are now encouraging crypto innovators to return: “Our message to folks who have gone offshore is: welcome home_._” 

Williams highlighted that any new laws must reflect the unique architecture of decentralized finance. “Traditional markets are based on a principal-agent model,” he explained. “But crypto moves us toward a principal-to-principal structure.”

He noted that after regulatory support for the ETP marketplace, institutional Bitcoin adoption surged—and believes the same would happen again under stablecoin and market structure legislation. 

The most bullish comment of the morning came from Hines: “Bitcoin is truly the golden standard… This is an asset that we should be harnessing on behalf of the American people. We want as much as we can possibly get.” 

“We are going big on digital assets,” added Tyler. “You will certainly see the United States stepping out as the bitcoin superpower of the world,” Hines concluded. 

You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Industry Day below:
https://www.youtube.com/live/3e3KE40r_WM?si=LCZcZeKbxi_iTk62

This post White House Executive Director Bo Hines Declares U.S. The Future Global Crypto Superpower first appeared on Bitcoin Magazine and is written by Jenna Montgomery.