@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ 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

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

@ 4fa5d1c4:fd6c6e41

Im Rahmen unseres Workshops möchte ich auf zwei inspirierende Beiträge von Frau Schütze hinweisen und dich einladen, deren Ansätze für die religionsbezogene Bildung weiterzudenken. Die beiden Ausgangspunkte sind:

1. Werkstattbericht: KI-Bilder im Ethik/Philosophie-Unterricht\ In diesem Beitrag beschreibt Frau Schütze, wie sie mithilfe verschiedener KI-Modelle (Midjourney, DALL·E, Ideogram.ai) Bilder generiert, um Schülerinnen und Schüler zum Nachdenken über philosophische und ethische Theorien anzuregen. So wurden zum Beispiel KI-Bilder erstellt, die eine Glückstheorie illustrieren, oder symbolische Darstellungen zum ontologischen und kosmologischen Gottesbeweis (etwa das „größte denkbare Wesen“ bzw. den Laplaceschen Dämon). Dabei erfahren die Lernenden nicht nur einen visuellen Zugang zu abstrakten Gedankenexperimenten, sondern reflektieren zugleich die Grenzen und Tücken von KI-gestützter Bildbeschreibung und -verarbeitung.\ https://frauschuetze.de/?p=7946

2. Rollenkarten Moralphilosophie / angewandte Ethik\ Hier stellt Frau Schütze Rollenkarten vor, die sie für den Oberstufenunterricht entwickelt hat, um Diskussionen zur angewandten Ethik zu strukturieren. Die Karten enthalten Porträts wichtiger Moralphilosophinnen (z. B. Diogenes, Spaemann) und weitere Rollen wie Hinterfragerinnen oder Zweifler*innen, die sich schnell in Fallanalysen, Fishbowl-Formate oder Philosophencafés einbringen lassen. Die Porträts wurden ebenfalls mit Midjourney erstellt, wobei die Prompts konkret beschreiben, wie die Figuren dargestellt werden sollen (z. B. „xxx as a character in a fantasy story, portrait“).\ https://frauschuetze.de/?p=7640

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Übertragung auf die religionsbezogene Bildung

Für religionsbezogene Bildungsszenarien eröffnen sich hier viele spannende Möglichkeiten. Im Folgenden findest du ein paar Ideenimpulse, wie du KI-Bilder und Rollenkarten gezielt einsetzen kannst, um religiöse Fragen, Traditionen und Identitäten in den Mittelpunkt zu rücken:

1. KI-Bilder zur Visualisierung religiöser Konzepte

2. Symbolik und Ikonographie erschließen\ Nutze KI-Modelle, um die Symbolwelten verschiedener Religionen (z. B. Christentum, Islam, Buddhismus, Hinduismus) visuell zu erkunden. Überlege: Wie lässt sich das Kreuz in unterschiedlichen Stilrichtungen (klassisch, modern, abstrakt) darstellen? Welche Bildwelten entstehen, wenn du nach einer fusionierten Ikonographie fragst, die christliche, buddhistische und indigene Symbole kombiniert? Durch den kreativen Prozess mit KI lernst du, welche Metaphern und Traditionen hinter religiösen Zeichen stehen und wie sie – bewusst oder unbewusst – von Algorithmen interpretiert werden. Dabei kannst du auch die Grenzen von KI thematisieren: Welche Vorurteile oder Fehldeutungen schleichen sich in die Bildgenerierung ein, wenn religiöse Themen verarbeitet werden?

3. Gedankenexperimente zu Gott und Transzendenz\ Analog zu den KI-Bildern für Gottesbeweise könntest du Aufgaben stellen wie:

   1. „Erstelle ein KI-Bild, das die Idee von Theodizee visuell darstellt.“

   2. „Lass die KI eine Szene generieren, in der gläubige und atheistische Perspektiven im Dialog stehen.“\ Anschließend diskutierst du mit der Gruppe, inwiefern die Bilder die jeweiligen Konzepte treffend abbilden oder eher stereotyp und eindimensional bleiben. Auf diese Weise vermittelst du nicht nur Content-Wissen, sondern entwickel auch die Medienkompetenz, indem du Fragen nach Intention, Deutungshoheit und algorithmischer Verzerrung aufwirfst.

4. Rollenkarten für religiöse Perspektiven und Diskussionsformate

5. Personen aus religiösen Traditionen als Rollen\ Statt ausschließlich Moralphilosophinnen zu berücksichtigen, kannst du Rollenkarten mit Porträts von Religionsstifterinnen (z. B. Jesus von Nazareth, Maria, Mohammed, Buddha, Krishna), Reformern (Martin Luther, Savonarola) oder zeitgenössischen Theolog*innen (z. B. Dorothee Sölle) gestalten. Die KI-gestützten Bilder können dabei in unterschiedlichen künstlerischen Stilrichtungen entstehen – von historischer Malerei bis hin zu zeitgenössischer Street-Art-Adaption. Jede Rolle enthält einen kurzen Steckbrief mit zentralen Glaubensvorstellungen, biografischen Eckpunkten und einem charakteristischen Argument oder Zitat. So kannst du die Lernenden in Rollendebatten schicken, etwa:

   • „Wie würde Luther heute auf die Klimakrise blicken?“

   • „Welche theologische Argumentation könnte Dorothee Sölle zum Thema Gewaltlosigkeit einbringen?“

6. Szenarien für kontroverse Debatten

   1. Religiöse Vielfalt versus Säkularismus\ Verteilt Karten, in denen Rollen wie „konservativer Christ“, „liberaler Muslim“, „selbstbewusste/r Konfessionslose/r“, „Theologieprofessor/in“ oder „politische/r Aktivist/in“ eingenommen werden. Die KI-Porträts unterstützen die Visualisierung, verleihen den Rollen ein Gesicht und erleichtern das Einfühlen in andere Perspektiven.

7. Interaktive Formate im Religionsunterricht

8. Glaubenscafé (analog zum Philosophencafé)\ In Kleingruppen diskutiert ihr verschiedene Glaubenspositionen. KI-Bilder dienen als Ausgangspunkt: Ein Bild, das etwa die Drei-Tage-Phase von Tod und Auferstehung Jesu künstlerisch darstellt, oder ein generiertes Motiv zu einem hinduistischen Fest (z. B. Holi), wird an die Wand projiziert. Anschließend reflektiert ihr gemeinsam: Welche Emotionen, Symbole, Bedeutungen nehmt ihr wahr? Danach schlüpft ihr in Rollenkarten (z. B. theologische/r Fachreferent/in, Religionskritiker/in, Gemeindemitglied) und erarbeitet Positionen, die ihr in einem moderierten Glaubenscafé präsentiert.

9. Fishbowl-Diskussionen\ Nutzt Rollenkarten zu religionsspezifischen Rollen (z. B. Rabbiner/in, Pfarrerin, Atheist/in, Kleriker/in einer traditionellen Religion, spirituelle/r Influencer/in) für eine Fishbowl-Diskussion zum Thema „Sinnsuche in der Postmoderne“. Die KI-Bilder dienen zu Beginn als visuelle Reize: „Welche Elemente im Bild sprechen für Spiritualität, welche eher für Skepsis?“ So wird die Distanz zwischen digitaler Darstellung und gelebter religiöser Erfahrung erlebbar.

10. Methodische Hinweise und Reflexion

11. Prompt-Kompetenz schulen\ Wie schon im Ethikunterricht festgestellt, erfordert das präzise Beschreiben von Bildwünschen viel Übung. Die Lernenden lernen, welche Schlüsselbegriffe notwendig sind und wie kulturelle Vorannahmen in Prompts stecken bleiben. Im religionspädagogischen Kontext könnt ihr dies gezielt thematisieren: Wie formuliert man z. B. den Prompt „Stelle eine friedvolle interreligiöse Konferenz zwischen Christentum, Islam und Judentum dar“ so, dass keine Stereotype reproduziert werden?

12. Ethik des Bilderzeugens\ Diskutiert gemeinsam, inwiefern KI-Bilder beim Umgang mit heiklen religiösen Themen (z. B. Darstellungen des Propheten Mohammed im Islam) kulturelle oder religiöse Grenzen überschreiten können. Legt zusammen ethische Leitlinien fest, bevor ihr KI zur Bildproduktion nutzt: Welche religiösen Bilder sind "sakrosankt", welche dürfen manipuliert werden und was bedeutet das für Religionsfreiheit und Respekt?

13. Reflexion über Urheberrecht und OER\ Wie Frau Schütze in den Rollenkarten-Anleitungen betont, sind ihre Materialien unter CC-BY-Lizenz verfügbar. Erörtert, was es bedeutet, religiöse Bild- und Textmaterialien unter Open-Content-Lizenzen zu verwenden und welche Implikationen das für Schule, Gemeinde und Zivilgesellschaft hat. Das sensibilisiert für Fragen von Teilhabe und Gemeineigentum im digitalen Raum.

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Einladung zum Weiterdenken

Ich lade dich herzlich ein, die vorgestellten Methoden und Materialien in eigenen Projekten auszuprobieren und weiterzuentwickeln. Diskutiere in Kleingruppen oder in einer offenen Runde:

• Welche religiösen Themen lassen sich besonders gut mit KI-Bildern visualisieren?\ Beispiele: Zehn Gebote, Fastenrituale, Schöpfungsmythen, Visionen von Heiligen oder Heiligenschauen. Welche Prompts würdest du verwenden, um diese Szenen zu erzeugen?

• Wie könnten Rollenkarten zu spezifischen religiösen Traditionen aussehen?\ Entwickle gemeinsam mit anderen kurze Steckbriefe und Bildprompts für Rollen wie „Sufi-Derwisch“, „Gottesleugner/in der Aufklärung“, „Ökumenische/r Pastor/in“, „Religionspädagog*in“, „Katholischer Laienbruder“ oder „Jüdische Rabbinerin“. Achte dabei auf unterschiedliche religiöse Sichtweisen und Geschlechterperspektiven.

• Welche Herausforderungen ergeben sich beim Einsatz von KI-Bildern im Religionsunterricht?\ Erörtert mögliche Missverständnisse, kulturelle Fehlinterpretationen oder ethische Konflikte (z. B. pietätslose Darstellungen von Figuren, die in bestimmten Glaubensgemeinschaften als heilig gelten). Entwickelt gemeinsam Kriterien oder einen Leitfaden, um solche Risiken zu minimieren.

• Wie lassen sich interreligiöse Dialoge durch digitale Methoden fördern?\ Gebt Impulse, wie man mit KI-Bildern und Rollenkarten einen „virtuellen Tempelraum“ gestalten kann, in dem Symbole unterschiedlicher Religionen nebeneinanderstehen und zu Dialog anregen. Welche Fragen stellen sich dabei hinsichtlich Toleranz, Respekt und theologischer Pluralität?

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Zusammenfassung und Ausblick

Die beiden Beiträge von Frau Schütze bieten hervorragende Grundlagen, um im religionsbezogenen Unterricht visuelle und interaktive Zugänge zu schaffen. Durch KI-Bilder gewinnen die Teilnehmenden neue Zugänge zu Symbolik, Theodizee und Gottesvorstellungen, während Rollenkarten Dialogkompetenz und Empathie für unterschiedliche religiöse Perspektiven stärken. Diese Ideenimpulse sollen dich ermutigen, die Methoden selbst zu erproben und weiterzuentwickeln. Im digitalen Zeitalter können wir so das gemeinsame Lernen und interkulturelle Verständnis gerade im sensiblen Feld der Religionsbildung bereichern.

Ich freue mich auf deine kreativen Umsetzungen und den Austausch über Erfahrungen, Herausforderungen und Fortschritte in diesem spannenden Feld!Antworte gerne auf diesen Beitrag und kommentiere mit deinen Gedanken und Assoziationen oder poste selbst etwas als Impuls, das andere anregt und weiterverwendet werden darf mit dem Hashtag #relilab.\ \ Template: Avery Re https://opengameart.org/content/trading-card-template unter der Lizenz CC-by https://creativecommons.org/licenses/by/4.0/deed.de / Einige Texte und Bezeichnungen von Frank Schlegel https://digitaldurstig.de/rollenkarten/ unter der Lizenz CC-by-SA 4.0, https://creativecommons.org/licenses/by-sa/4.0/deed.de\ Lizenz: cc-by-sa 4.0 / frauschuetze.de / Juli 2023

@ 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.

---

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

@ 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.

---

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

@ 7f6db517:a4931eda

---

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

---

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

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

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

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

---

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

@ 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

• 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

@ 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.

---

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

@ 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

@ c3b2802b:4850599c

Die Befragten erzählen, wie sie den Zusammenbruch des Vertrauens vieler Menschen im Land in das mechanistische Muster von Heilung durch Medikamente und Injektionen erlebt haben. Und sie lassen uns teilhaben an ihrem Erfahrungsschatz mit Heilverfahren, welche über mechanistische Verfahren des klassischen Gesundheitswesens hinausweisen. Verfahren, welche dazu beitragen, dass wir Menschen unsere Balance, unser Wohlbefinden erhalten oder wiederfinden. Verfahren, die uns in unsere volle Kraft und Energie bringen, um unsere Möglichkeiten und Potentiale zur Entfaltung zu bringen.

Das Buch erscheint zu einem passenden Zeitpunkt. Zum einen haben viele Menschen seit 2021 am eigenen Körper die Folgen der mRNA Injektionen erlebt und dramatische Schicksale von Angehörigen und Freunden miterlebt.

Zum anderen kommen derzeit vermehrt Informationen in Umlauf, welche die Motive von global agierenden Pharmaziekartellen und von ihnen gesponserten Organisationen wie der Welt-Gesundheits-Organisation WHO offenlegen.

Worum geht es der WHO, die zu 84% von privaten Geldgebern unterhalten wird? Im Jahr 2022 hat die WHO eine Bittschrift für potentielle Sponsoren veröffentlicht, welche den denkwürdigen Titel hat: „A healthy return“. Gemeint ist ein „gesunder“ Geldrückfluß für Geldgeber, welcher eine 3.500 (dreitausendfünfhundert!!!) prozentige Steigerung des Wertes des eingezahlten Geldes in Aussicht stellt. Hier finden Sie Details.

Wieviel Zinsen zahlt Ihre Bank, falls Sie mal Geld übrig haben? Ein, zwei – oder gar drei Prozent? Darf man solch einer Vereinigung das Vertrauen schenken, die Gesundheit der Weltbevölkerung sicherzustellen? Mögen Sie Ihre Zukunft einer Organisation anvertrauen, welche nicht demokratisch legitimiert ist, die unbekümmert mit Genmanipulationen umgeht und die exorbitante Gewinne für ihre Sponsoren im Auge hat?

Die Zeit scheint reif zu sein, uns in Erinnerung zu rufen: Wir Menschen sind komplexe Wesen mit Körper und Seele. Uns zeichnen zauberhafte Potentiale aus. Wir verfügen über ein Gewissen, Achtsamkeit, Dankbarkeit, Demut, Liebe.

Hier schließt sich der Kreis zum Buch von Laurens Dillmann: Die Experten für Gesundheit, Wohlbefinden und Potentialentfaltung wurden nach ihrem Werdegang, ihren Überzeugungen, ihrer konkreten Heilarbeit, ihren Erfolgen und teils auch zu ihrer Position in der globalen aktuellen Krise befragt.

Was das Buch charmant macht, ist die große Buntheit an zusammengetragenen Perspektiven, welche sich durch die Vielfalt der Berufsschwerpunkte der Befragten ergibt. Ein Wildnispädagoge und eine Hebamme, Traumatherapeuten und klassische Ärzte, Medizinwissenschaftler und -ethiker, ein Wildpflanzenexperte und ein Anti-Gewalt-Trainer, eine Gesangs- und Musiktherapeutin, eine Sex-Forscherin und mehrere Psychologen geben sich ein Stelldichein zwischen den Buchdeckeln. Auch wenig verbreitete Aspekte wie Astrologie oder Schamanismus kommen zur Sprache.

In einem Schlusskapitel stellt Sozialarbeiter, Naturpädagoge und Heilpraktiker Mattheo Pfleger in einem Manifest „Pro Leben und Gesundheit 2030“ eine Reihe von sehr weitreichenden Leitlinien für ein Gesundheitswesen der Zukunft vor. Besonders eindrücklich für mich ist sein Vorschlag einer Grundgesetzänderung, in der die Würde des Lebens für unantastbar erklärt wird. Hier kann das Buch erworben werden.

@ 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

@ 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.

---

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

---

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

---

If you found this post helpful support my work with 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.

---

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.

---

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

---

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

---

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

@ 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

@ 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

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post!

https://stacker.news/items/995015

@ 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

@ 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

@ 9c9d2765:16f8c2c2

CHAPTER THIRTY FIVE

“Ladies and gentlemen,” James began, his voice firm but serene, “we have reached a stage where the name JP Enterprises must stand not only for affluence and innovation but also for responsibility and reinvention.”

The team leaned in, captivated by his tone.

“I’ve given this much thought,” he continued, “and it’s time we invested not just in profitable ventures but in communities especially those that raised men like me.”

Whispers of approval circled the room. James unfolded a series of blueprints and documents, revealing a new initiative named The Phoenix Foundation, a massive philanthropic wing of JP Enterprises aimed at funding education, rebuilding impoverished neighborhoods, and providing mentorship for underprivileged youth.

“This isn’t charity,” James clarified. “This is legacy.”

Meanwhile, on the other side of the city, Mark and Helen were dealing with the crushing weight of public disgrace. Their failed scheme had made headlines. Investors withdrew, associates distanced themselves, and even loyal allies now whispered behind their backs.

Helen slammed a newspaper onto the glass table in frustration. “They’ve blacklisted us from another tender. Mark, we’re becoming irrelevant!”

Mark, who had been pacing the room like a caged animal, finally stopped. “It’s not over. We still have leverage somewhere. James isn’t invincible.”

Helen scoffed. “Tell that to the world. They worship the ground he walks on. You think you can bring down a man who rose from being a street outcast to owning the city’s largest enterprise?”

Mark’s eyes darkened. “He bleeds, Helen. Everyone has a weak spot. We just haven’t found him yet.”

But even as their desperation festered, James was rising even higher. A televised interview had been scheduled where he would unveil The Phoenix Foundation. The nation watched eagerly. Sitting on a minimalist stage, flanked by banners of the foundation’s vision, James spoke from the heart.

“I know what it means to be invisible,” he said. “I know what hunger, shame, and rejection feel like. I’ve lived it. But I also know the power of one opportunity, one person who believes in you. Through this foundation, I want to be that person for thousands.”

The applause was thunderous, not only from the live audience but from homes, offices, and schools where people were inspired by his journey.

The days following the televised launch of The Phoenix Foundation brought waves of admiration and support from across the country. Letters of gratitude flooded JP Enterprises from parents whose children now had access to scholarships, to small business owners revitalized by community grants. James, once shunned and dismissed, was now a symbol of unshakable strength, resilience, and grace under fire.

But in the shadows, the remnants of Mark and Helen’s influence continued to decay.

With the media fixated on James’s rise and the overwhelming success of the foundation, Helen had become a recluse, seldom leaving her estate. The curtains were always drawn, the halls eerily quiet, and every incoming call was a potential threat to her already-battered reputation. Her once-prized social invitations had vanished, and even her closest acquaintances now found convenient excuses to avoid her.

One afternoon, as she sat on her leather chaise, surrounded by unopened letters and wilting orchids, her phone buzzed. It was Mark.

"We need to talk," his voice came through, rough and urgent.

"Unless you’ve figured out a way to reverse time or erase James from existence, I’m not interested," she replied dryly, her voice thick with exhaustion.

"I’ve been digging into his foundation. There might be something," he said, the faintest glimmer of his former arrogance returning.

Helen raised a skeptical brow. "You mean the only project that has made him a national hero overnight? Do enlighten me."

Mark hesitated for a moment, then spoke. "I have a contact. Someone who worked closely with James during his street days. She claims there's more to his story, something about a deal gone wrong before Ray Enterprises even noticed him."

Helen’s eyes narrowed. "You better not be chasing another ghost story, Mark. We’ve lost everything playing that game."

Meanwhile, back at JP Enterprises, James was unaware of the new whispers trailing behind him. His focus remained undivided, channeling his efforts into real progress. He visited schools sponsored by the foundation, shook hands with young entrepreneurs, and held intimate town hall meetings to listen to citizens’ concerns. His sincerity was unmistakable.

One evening, as he stood at the balcony of his high-rise office, looking over the city he once roamed as a stranger, his uncle Charles joined him.

"You’ve come a long way, James," Charles said, resting a firm hand on his shoulder. "Your father may have doubted you once, but now he sees what we always knew: you're more than capable of carrying this legacy."

James nodded slowly. "It’s not about the legacy anymore, Uncle. It’s about changing lives. If we succeed, JP Enterprises won’t just be remembered for profit margins, it'll be remembered for its heart."

And indeed, that heart had begun to beat in places once forgotten.

"Sir, there's something you might want to take a look at," James's personal assistant said as she stepped into his office, holding a manila folder with both hands.

James looked up from his tablet, where he had been reviewing the upcoming development plans for The Phoenix Foundation outreach program in rural districts. "Is it urgent?"

Tracy’s expression was uneasy. "I believe so. It slipped into the front reception without a name. Just labeled ‘To the President, Personal.’ We scanned the documents. They’re… sensitive."

James gestured for her to bring it over. He leaned back in his chair as she placed the folder before him and stepped away. Slowly, he opened it, revealing a series of photographs, transcripts, and one shocking email thread. His eyes narrowed as he scanned the contents. There it was detailed records of recent communications between Mark and a former government contractor, outlining a clandestine attempt to discredit The Phoenix Foundation by faking embezzlement allegations.

"So they haven’t learned their lesson," James muttered to himself, his jaw tightening.

Tracy, standing silently nearby, asked cautiously, "Should I inform legal?"

"Not yet," he replied, standing and pacing toward the window. "Let them think they still have the upper hand. We’ll collect more. I want this to be their final mistake, not just another slap on the wrist."

From the 39th floor, the skyline shimmered in the twilight. But beneath the golden hues of the sunset, darkness moved silently, calculating its next step.

Across town, in an upscale but dimly lit lounge, Mark and Helen sat across from each other, their faces drawn and wary. They were meeting a woman known only as "Seraphina," a discreet broker of information and, when needed, scandal.

@ 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

@ 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

@ 8bad92c3:ca714aa5

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

Get our new STACK SATS hat - via tftcmerch.io

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

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Final thought...

Building things of value is satisfying.

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@ 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

@ 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

@ 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.

---

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

---

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

---

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

@ 9ca447d2:fbf5a36d

Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.

The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

According to the company, the offering is expected to close by the end of May, pending standard closing conditions.

Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.

“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”

He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.

“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.

The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.

TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.

Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.

Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.

The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.

Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today

Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.

Trump Media’s official announcement

This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.

President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”

Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.

These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.

But not everyone is happy.

Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.

Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.

@ 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

@ 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.

---

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

---

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

@ 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

@ 06639a38:655f8f71

Nostr-PHP

All commits on the main branch between 19-05 and 25-05: https://github.com/nostrver-se/nostr-php/commits/main/?since=2025-05-19&until=2025-05-25 

• Merged PR #95 finish implementing methods Relay and RelaySet
• Merged PR #90 implementing NIP-17 private direct messages

• Made some progress on the persistentConnection class for fetching messages from a relay in runtime (realtime)

New release: 1.8.0

What's Changed

• feat: Implement NIP-05 lookups by @dsbaars in https://github.com/nostrver-se/nostr-php/pull/89
• NIP 44 implementation fix and test improvements by @dsbaars in https://github.com/nostrver-se/nostr-php/pull/88
• remove CLI tool from library - https://github.com/nostrver-se/nostr-p… by @Sebastix in https://github.com/nostrver-se/nostr-php/pull/93
• Add extra metadata fields for profile by @dsbaars in https://github.com/nostrver-se/nostr-php/pull/94
• Finish implementing methods Relay and RelaySet by @dsbaars in https://github.com/nostrver-se/nostr-php/pull/95
• Implement NIP-17 Private Direct Messages by @dsbaars in https://github.com/nostrver-se/nostr-php/pull/90

Full changelog: https://github.com/nostrver-se/nostr-php/compare/1.7.1...1.8.0 
Link: https://github.com/nostrver-se/nostr-php/releases/tag/1.8.0

@ 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

@ 58537364:705b4b85

ความสุขทางโลก ลัทธิสุขนิยมยกย่อง แต่ลัทธิทรมานตนประณาม หากไม่มองว่ากามสุขเป็นพรจากพระผู้เป็นเจ้า คนก็มักมองว่ากามสุขเป็นเครื่องลวงล่อของซาตาน ในเรื่องนี้พระพุทธศาสนาเลือกเดินสายกลาง โดยสอนว่าเราควรทำความเข้าใจกามสุขให้แจ่มแจ้ง ทั้งในแง่เสน่ห์เย้ายวน ข้อจำกัดและข้อบกพร่องทั้งหลาย

เพื่อให้เข้าใจกามสุขอย่างแจ่มแจ้ง เราอาจตั้งคำถามดังนี้: กามสุขสนองตอบความต้องการทางจิตใจแบบใดได้บ้าง และไม่อาจตอบสนองความต้องการแบบใดได้ เพราะเหตุใด

ความต้องการในส่วนที่กามสุขไม่อาจตอบสนองได้ เราควรปฏิบัติอย่างไร

เราหลงเพลิดเพลินและยึดติดในกามสุขมากเพียงใด และกามสุขมีอิทธิพลเหนือจิตใจเราเพียงใด

เราเคยทำหรือพูดสิ่งที่ไม่ถูกต้องเนื่องด้วยปรารถนาในกามสุขหรือไม่

เราเคยเบียดเบียนผู้อื่นเนื่องด้วยปรารถนาในกามสุขหรือไม่

บ่อยครั้งเพียงใดที่สุขทางโลกสร้างความผิดหวังให้เรา

ความคาดหวังมีผลกระทบอย่างไรต่อความสุขทางโลก การทำอะไรซ้ำๆ และความเคยชินส่งผลต่อความสุขทางโลกอย่างไร

เรารู้สึกอย่างไร ยามไม่ได้กามสุขที่เราปรารถนา

กามสุขมีความเกี่ยวข้องกับความซึมเศร้าหรือไม่ กับความวิตกกังวลด้วยหรือไม่

เรารู้สึกอย่างไร เมื่อนึกถึงอนาคตว่า จะต้องพลัดพรากจากสุขทางโลก เนื่องด้วยความเจ็บไข้ ความแก่ และความตาย

การพลัดพรากจากความสุขทางโลกรู้สึกอย่างไรบ้าง

เราตั้งคำถามได้มากมาย และยังตั้งคำถามได้มากไปกว่านี้
หลักสำคัญ คือ ยิ่งเห็นชัดแจ้งในกามสุข เราจะยิ่งเกิดปัญญาและเข้าถึงความสงบมากขึ้น

ธรรมะคำสอน โดย พระอาจารย์ชยสาโร แปลถอดความ โดย ปิยสีโลภิกขุ

@ 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.

---

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

@ cae03c48:2a7d6671

Bitcoin Magazine

Amboss Launches Rails, a Self-Custodial Bitcoin Yield Service

Amboss, a leader in AI-driven solutions for the Bitcoin Lightning Network, today announced Rails, a groundbreaking self-custodial Bitcoin yield service. According to a press release sent to Bitcoin Magazine, it’s designed to empower companies, custodians, and high net worth individuals. This allows participants to earn a yield on their Bitcoin.

Big news from @TheBitcoinConf !
We’re thrilled to announce Rails—a self-custodial Bitcoin yield service that empowers you to earn on your BTC while supercharging the Lightning Network.

Let’s bring Bitcoin to the World.https://t.co/3WYYvB95hP

— AMBOSS (@ambosstech) May 29, 2025

Rails also launched a secure way for Liquidity Providers (LPs) to hold all custody of their Bitcoin while generating returns from liquidity leases and payment routing, although they are not guaranteed. The implementation of Amboss’ AI technology, Rails strengthened their Lighting Network with more dependable transactions and larger payment volumes.

“Rails is a transformative force for the Lightning Network,” said the CEO and Co-Founder of Amboss Jesse Shrader. “It’s not just about yield—it’s about enabling businesses to strengthen the network while earning on their Bitcoin. This is a critical step in Bitcoin’s evolution as a global medium of exchange.”

The service offers two options: 

• Rails LP is designed for high net worth individuals, custodians, and companies with Bitcoin treasuries, requiring a minimum commitment of 1 BTC for one year. 
• Liquidity subscriptions are designed for businesses that receive Bitcoin payments, with fees starting at 0.5%.

Amboss partnered with CoinCorner and Flux (a joint venture between Axiom and CoinCorner), to bring Rails to the market. CoinCorner has incorporated it into both its exchange platform and daily payment services in the Isle of Man. Flux is jointly focused on advancing the Lightning Network’s presence in global payments. Their participation highlights growing industry trust in Rails as a tool to scale Bitcoin effectively. 

“Rails offers a practical way for businesses like ours to participate in the Lightning Network’s growth,” said the CFO of CoinCorner David Boylan. “We’ve been using the Lightning Network for years, and Rails provides a structured approach to engaging with its economy, particularly through liquidity leasing and payment routing. This aligns with our goal of making Bitcoin more accessible and practical for everyday use.”

This post Amboss Launches Rails, a Self-Custodial Bitcoin Yield Service first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 9ca447d2:fbf5a36d

Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.

The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

According to the company, the offering is expected to close by the end of May, pending standard closing conditions.

Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.

“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”

He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.

“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.

The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.

TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.

Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.

Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.

The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.

Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today

Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.

Trump Media’s official announcement

This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.

President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”

Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.

These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.

But not everyone is happy.

Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.

Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.

@ 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

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

@ 5fbec235:ff265c2a

Safety as a Community Creation

I quickly learned that Japan is known for being one of the safest countries in the world—yes, I didn't even realize that until I arrived there. But understanding safety as a statistic is different from witnessing it as a lived reality.

One of the most striking signals of this safety was watching first graders take themselves to school on public transportation in Tokyo. These tiny humans, navigating one of the world's largest cities completely independently. In contrast, my Chicago suburban hometown requires parents to wait at the bus stop for children of that same age, even if their house is just across the street.

I witnessed nearly everyone glued to their phones while out in public. Literally dozens of heads planted facedown into their palms while crossing major intersections. While that's not a trait I admire, it reflects the absolute safety every citizen must feel to be able to walk around like that. Similarly, Tokyo is definitely the place where you can show off designer fashion trends if you can afford to do so. While the style is far more modest and homogenous than here in the USA, expensive fashion statements are still blatantly made in the many high-trafficked districts of the mega city.

The contrast hit me viscerally when I remembered my friend's experience in São Paulo a few years ago. During a short three-mile run, while he was checking Google Maps, he was nearly mugged by a thief on a motorbike. The difference was unmistakable. Take heed of all warnings to not use a smart phone in the streets of Sào Paulo. Tokyo however - accidentally leave your phone at the Izakaya? Don't be surprised if it is personally returned to you by the owner of the Izakaya with a note thanking you once again for your earlier patronage.

Community M and the Dissolution of Transactional Relationships

While in Japan, I was invited to spend the weekend in an exclusive, members-only community nestled along a river flowing down from the mountains—remarkably, all still within Tokyo Prefecture. It felt like a hidden gem: only 5% of the prefecture consists of this kind of natural landscape, and I never would have discovered it without that special invitation.

There, I participated in a unique Bonsai class led by a woman who has been cultivating Bonsai her entire career. I also shared meals, nature walks, and sauna sessions with other community members. It was an eventful weekend, meeting and integrating with an entirely unique culture. The weekend felt truly memorable, special, everlasting—essentially boiled down to a priceless experience.

It's an experience I will remember and appreciate more than the time I've spent in several corporate luxury hotels. Don't get me wrong, corporate luxury hotels are very nice. Their amenities are much more comfortable than anything Community M could offer me. They feel safe, and they make me feel just a little bit entitled—in the sense that "I'm spending A LOT of money with the company that keeps you employed... so are you working for me to the maximum of our mutual expectations?" That's certainly okay. The hotel is offering a service and I am paying for it. Ultimately, it is indeed a mutually valuable transaction everyone is happy with.

But that time spent with Community M was something different. The amount of money I could have spent with them didn't matter. Friendships were formed over shared interests and probably genuine interest and curiosity in each other's cultures. Those values get washed away when the power dynamic shifts too much toward a monetary transaction—service in exchange for cash.

This experience crystallized something I'd been feeling but couldn't articulate: the difference between being served and being welcomed. In transactional relationships, your value is determined by your purchasing power. In genuine community, your value comes from your participation, your curiosity, your willingness to share and receive.

What Online Communities Could Become

What should online communities of the future look like? I think an amazing community could pull some of the best traits of American and Japanese culture. Reliance on oneself and personal responsibility is incredibly important. But as communities grow, it becomes so much harder to exercise personal interests without feeling like I'm "barging in" or something. I've never felt compelled to become the center of attention. What gets me excited is seeing people come together and being their best selves naturally and organically around one another, without any single person being too much "the center."

The way I see a lot of online communities advertised today is less desirable to me. It often looks like there's an influencer selling something and inviting all their followers to join "the community." This replicates the same extractive, transactional dynamics I experienced in luxury hotels, just digitally.

I left Japan with a sense of respect for what's possible when people come together under a shared understanding of a few basic human principles. The most obvious one being a sense of shared responsibility to look out for one another, thereby providing safety for all—a large, functional neighborhood watch, so to say. In Japan, I got the sense that the means to provide general well-being through shared responsibility is far greater than the more exclusive reliance on oneself and distrust of others that often appears in large American cities.

The Internet as Unsafe Territory

When thinking of safety and shared responsibility, the internet today is more like New York City than Tokyo. It's not safe for children, and outsourcing our own responsibility for maintaining safety to centralized, profit-seeking organizations makes no sense. These platforms have the undisputed goal of extracting value from the very communities they attempt to serve.

Current online communities are built backwards. Instead of communities creating tools for themselves, external platforms create tools to extract value from communities. The power dynamic is fundamentally extractive rather than generative.

Communities Building for Themselves

Eve will allow us to build intranets that are safer than anything YouTube, Facebook, TikTok, or any other platform could ever provide because they'll be built by communities, not for-profit organizations seeking to extract value. All applications will be open source, therefore all algorithms will be open source, thereby empowering everyone to exercise their shared responsibilities for maintaining safe, prosperous communities.

Communities will be enabled to create applications that deliver unique experiences specific to their rules and guidelines. Compare it to my Bonsai class. Someday there may be a Japan-oriented community where Bonsai masterclasses and other Bonsai-related services and products are offered. Communities won't be as dependent on platforms. Because of the open-source standard, more tradespeople will be enabled to quickly build whatever the community deems necessary. Communities will be in full control and not reliant on any one platform, nor any one person to maintain the community.

What I experienced in that members-only community by the river was a space where relationships form around shared interests and genuine curiosity - where the community itself determines its needs and builds its tools, where safety emerges from collective responsibility rather than external enforcement. In our digital age of abundance - I see a very real future where communities are enabled to free themselves from irrelevant distractions and build what they need to achieve both individual and collective prosperity.

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

@ 502ab02a:a2860397

ย้อนกลับไปเมื่อปี 2015 ในเมืองเบิร์กลีย์ รัฐแคลิฟอร์เนีย มีนักชีววิทยาเชิงวิศวกรรมชื่อ Dr. Uma Valeti ผู้เป็นทั้งนักวิจัยโรคหัวใจและอดีตศัลยแพทย์หัวใจ เกิดแนวคิดที่ไม่ธรรมดาว่า "เขาจะสร้างเนื้อในห้องแล็บ เหมือนที่เราสร้างหัวใจเทียมในโรงพยาบาล" นั่นคือการสร้างเนื้อโดยไม่ต้องฆ่าสัตว์เลยแม้แต่ตัวเดียว เขาไม่ได้เพ้อฝันแบบลอยๆ เพราะเขาเองเป็นคนอินเดียที่เติบโตมาในครอบครัวมังสวิรัติ แต่กลับทำงานในวงการแพทย์ที่เกี่ยวข้องกับการปลูกถ่ายอวัยวะอยู่หลายปี และวันหนึ่ง เขาเห็นความเชื่อมโยงบางอย่างระหว่างเซลล์กล้ามเนื้อของหัวใจกับกล้ามเนื้อของเนื้อสัตว์

Valeti มองเห็นปัญหาจากอุตสาหกรรมปศุสัตว์ในแง่มลพิษ การใช้ทรัพยากร และความโหดร้ายของระบบผลิตอาหารในโลกยุคใหม่ แนวคิดนี้กลายเป็นจริงเมื่อเขาร่วมก่อตั้งบริษัท Memphis Meats ขึ้นในปีนั้น พร้อมกับเพื่อนร่วมอุดมการณ์อีกสองคน ได้แก่ Nicholas Genovese นักวิจัยด้านสเต็มเซลล์ และ Will Clem นักวิทยาศาสตร์ผู้เชี่ยวชาญด้านวิศวกรรมชีวภาพผู้เคยมีประสบการณ์จากการเปิดร้านบาร์บีคิวของตัวเอง ความฝันของพวกเขาคือการสร้าง "เนื้อแท้" ที่ไม่ต้องใช้ฟาร์ม ไม่ต้องฆ่าสัตว์ และไม่ต้องพึ่งทรัพยากรธรรมชาติอย่างมหาศาลแบบระบบปศุสัตว์ทั่วไป โดยนำเซลล์กล้ามเนื้อจากสัตว์มาเพาะเลี้ยงในห้องปฏิบัติการ แล้วกระตุ้นให้เติบโตด้วยสารอาหาร สารกระตุ้นการเจริญเติบโต และโครงสร้างที่เลียนแบบเนื้อเยื่อจริง ผลลัพธ์ที่ได้คือเนื้อไก่ เนื้อวัว และเนื้อหมู ที่หน้าตา กลิ่น และรสชาติเหมือนเนื้อที่ผู้คนคุ้นเคย แต่อยู่ในจานโดยไม่ต้องผ่านชีวิตสัตว์แม้แต่ชีวิตเดียว

เทคโนโลยีที่ Memphis Meats ใช้คือการเก็บเซลล์ต้นกำเนิดกล้ามเนื้อ (muscle stem cells) จากสัตว์ แล้วนำมาบ่มเพาะในห้องแล็บในสภาพแวดล้อมที่เหมาะสม ด้วยอาหารเหลวที่มีสารอาหารครบถ้วน เซลล์เหล่านั้นจะเจริญเติบโต แบ่งตัว และก่อตัวเป็นกล้ามเนื้อที่เหมือนกับเนื้อจริงทุกประการ การทดลองแรกประสบผลสำเร็จในปี 2016 เมื่อพวกเขาสร้างลูกชิ้นเนื้อวัวเพาะเลี้ยงได้เป็นครั้งแรกของโลก แม้ราคาจะสูงถึง 18,000 ดอลลาร์ต่อปอนด์ก็ตาม แต่สิ่งนี้คือการประกาศว่า "ของจริง" มาแล้ว

ความสำเร็จนี้ดึงดูดทั้งสายตาของโลก และเงินทุนจากบริษัทยักษ์ใหญ่ หนึ่งในผู้ลงทุนรายแรกคือ Tyson Foods บริษัทเนื้อสัตว์รายใหญ่ของอเมริกา ตามมาด้วย Bill Gates, Richard Branson และ Cargill ซึ่งต่างเห็นตรงกันว่านี่คือทิศทางใหม่ของอุตสาหกรรมอาหารโลก แต่การที่บริษัทเนื้อสัตว์ใหญ่ๆ เข้ามาร่วมลงทุน กลับสร้างคำถามถึงความจริงใจหรือการวางหมากล่วงหน้าเพื่อควบคุมอนาคตของอาหารในรูปแบบใหม่

เม็ดเงินจากภาคเอกชนไหลเข้ามาไม่ขาดสาย รวมถึงการสนับสนุนเชิงนโยบายจากหน่วยงานรัฐบาลสหรัฐฯ ที่เริ่มวางกรอบกำกับดูแลอาหารเพาะเลี้ยงอย่างจริงจัง ทว่าเบื้องหลังภาพฝันของเนื้ออนาคตนั้นก็มีมุมที่ต้องจับตามอง เพราะแม้จะใช้คำว่า “ปลอดภัย” และ “ยั่งยืน” เป็นหัวใจหลักในการสื่อสาร แต่องค์ประกอบหลายประการในกระบวนการผลิต เช่น เซรั่มจากเลือดวัว (FBS) ที่ยังใช้ในบางเฟสของการทดลอง หรือการเพาะเลี้ยงในสารอาหารสังเคราะห์ที่ต้องอาศัยเทคโนโลยีขั้นสูง ล้วนเป็นเรื่องที่ห่างไกลจากคำว่า "ธรรมชาติ" ไปมากโข

เมื่อเข้าสู่ปี 2021 บริษัท Memphis Meats ได้เปลี่ยนชื่อใหม่เป็น Upside Foods พร้อมกับการขยับสถานะจากสตาร์ตอัปมาเป็นผู้นำในตลาดเนื้อเพาะเลี้ยงอย่างเต็มตัว พร้อมกับเปลี่ยนโลโก้และทิศทางแบรนด์จากภาพลักษณ์นักวิทยาศาสตร์มาสู่แบรนด์ที่เข้าถึงผู้บริโภคมากขึ้น เน้นความยั่งยืน ความเป็นมิตรกับสัตว์ และวิธีการผลิตที่ "ชนะใจ" คนรุ่นใหม่ การเปลี่ยนชื่อครั้งนี้ไม่ใช่เพียงกลยุทธ์ด้านแบรนดิ้ง แต่สะท้อนถึงความทะเยอทะยานที่ต้องการให้ผู้บริโภคมองอาหารในมุมใหม่ ไม่ใช่สิ่งที่มาจากฟาร์ม แต่เป็นสิ่งที่มาจากการออกแบบ วิศวกรรม และนวัตกรรม

บริษัทเปิดโรงงานเชิงพาณิชย์แห่งแรกในปี 2022 ที่เมือง Emeryville แคลิฟอร์เนีย ชื่อว่า EPIC (Engineering, Production and Innovation Center) ซึ่งสามารถผลิตเนื้อไก่เพาะเลี้ยงในปริมาณมากได้จริง เพื่อรองรับการผลิตเชิงพาณิชย์ในอนาคต พร้อมกับสร้างความร่วมมือกับภาครัฐเพื่อเร่งให้ผลิตภัณฑ์ผ่านมาตรฐานความปลอดภัยของ FDA และ USDA

สิ่งที่น่าสนใจยิ่งกว่านั้นคือ ความร่วมมือระหว่าง Upside Foods กับหน่วยงานรัฐ เช่น FDA และ USDA เพื่อผลักดันให้ผลิตภัณฑ์เนื้อเพาะเลี้ยงได้รับอนุญาตวางขายในตลาดอเมริกา ซึ่งกลายเป็นจริงในกลางปี 2023 เมื่อ Upside Foods และ Good Meat ได้รับไฟเขียวอย่างเป็นทางการจาก FDA ให้สามารถวางจำหน่ายเนื้อไก่เพาะเลี้ยงแก่ผู้บริโภคได้

ความสัมพันธ์ระหว่าง Upside Foods กับรัฐบาลนั้นน่าสนใจไม่น้อย เพราะนี่คือครั้งแรกในประวัติศาสตร์ที่หน่วยงานรัฐของสหรัฐฯ อย่าง FDA อนุมัติการบริโภคเนื้อสัตว์เพาะเลี้ยงจากห้องแล็บเมื่อเดือนพฤศจิกายน 2022 โดยระบุว่า “ไม่มีข้อกังวลทางความปลอดภัย” แม้จะยังไม่มีข้อมูลเปิดเผยครบทุกขั้นตอนของกระบวนการผลิตอย่างโปร่งใสก็ตาม การอนุมัติครั้งนี้จึงเป็นได้ทั้งจุดเริ่มต้นของการปฏิวัติอาหาร หรือจุดเริ่มต้นของการสร้างอำนาจผูกขาดของบริษัทที่ครอบครองสิทธิบัตรเทคโนโลยีเพาะเลี้ยงเนื้อ เพราะในอนาคตอันใกล้ ถ้าอาหารทุกอย่างต้องผ่านระบบแล็บ ผ่านเทคโนโลยีเฉพาะ และผ่านลิขสิทธิ์เฉพาะ ประชาชนก็จะไม่มีวันเป็นเจ้าของอาหารได้อีกต่อไป

แต่มากกว่าความสำเร็จด้านเทคโนโลยีคือคำถามที่ลึกซึ้งยิ่งกว่า ว่าการผลิตอาหารในห้องแล็บเช่นนี้ ทำให้เกษตรกรรายย่อยหมดสิทธิ์ในการผลิตเนื้อหรือไม่? เพราะเทคโนโลยีระดับสูงนี้ต้องใช้เครื่องมือ ห้องปฏิบัติการ และต้นทุนที่เกษตรกรธรรมดาไม่สามารถเข้าถึงได้ และสุดท้ายแล้ว ผู้บริโภคต้องซื้อเนื้อจากบริษัทยักษ์ใหญ่เท่านั้น โลกใหม่ของอาหารกำลังผลักมนุษย์ให้เป็นเพียงผู้ซื้อ ไม่ใช่ผู้ผลิตอีกต่อไป

แน่นอนว่า Upside Foods อาจไม่ได้ตั้งใจผูกขาดตั้งแต่แรก แต่เมื่อเงินทุน เบื้องหลัง และการอนุญาตจากรัฐ เริ่มขับเคลื่อนไปในทิศทางเดียวกัน มันก็ไม่ต่างอะไรจากการร่างระบบเศรษฐกิจอาหารขึ้นใหม่ โดยมีศูนย์กลางอยู่ที่ห้องแล็บ ไม่ใช่ทุ่งหญ้า การเปลี่ยนแปลงนี้จึงไม่ใช่แค่เรื่องของนวัตกรรมเทคโนโลยี แต่คือการเปลี่ยนแปลงโครงสร้างความสัมพันธ์ระหว่างมนุษย์กับอาหารอย่างสิ้นเชิง และนั่นคือสิ่งที่เฮียอยากให้เพื่อนๆได้คิดก่อนกลืนคำแรกลงไป

สิ่งที่น่าคิดนั้นก็คือ ในโลกที่อาหารกลายเป็นสินทรัพย์ปัญญาแทนที่จะเป็นสิทธิพื้นฐาน การจะปลูก เลี้ยง หรือแลกเปลี่ยนอาหารอาจกลายเป็นเรื่องผิดกฎหมาย และเกษตรกรอาจเหลือบทบาทเพียงคนเฝ้าเครื่องจักรให้กับบริษัทข้ามชาติที่ถือสิทธิบัตรเนื้อ ความฝันที่สวยงามของเนื้อที่ปลอดการฆ่า จึงควรถูกตรวจสอบด้วยสายตาที่เปิดกว้างแต่ไม่ไร้เดียงสา เพราะอนาคตของอาหารนั้น ไม่ใช่แค่เรื่องบนโต๊ะอาหาร แต่เป็นเรื่องของอำนาจ ความเป็นเจ้าของ และสิทธิของประชาชนในฐานะมนุษย์ผู้มีชีวิตบนโลกใบนี้ #pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ 8bad92c3:ca714aa5

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

Get our new STACK SATS hat - via tftcmerch.io

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

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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.

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Final thought...

Building things of value is satisfying.

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@ 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

@ c1e9ab3a:9cb56b43

1. Introduction

Over the last 250 years the world’s appetite for energy has soared along an unmistakably exponential trajectory, transforming societies and economies alike. After a half‑century of relative deceleration, a new mix of technological, demographic and political forces now hints at an impending catch‑up phase that could push demand back onto its centuries‑long growth curve. This post knits together the history, the numbers and the newest policy signals to explore what that rebound might look like—and how Gen‑4 nuclear power could meet it.

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2. The Long Exponential: 1750 – 1975

Early industrialisation replaced muscle, wood and water with coal‑fired steam, pushing global primary energy use from a few exajoules per year in 1750 to roughly 60 EJ by 1900 and 250 EJ by 1975. Over that span aggregate consumption doubled roughly every 25–35 years, equivalent to a long‑run compound growth rate of ~3 % yr‑¹. Per‑capita use climbed even faster in industrialised economies as factories, railways and electric lighting spread.

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3. 1975 – 2025: The Great Slowdown

3.1 Efficiency & Structural Change

• Oil shocks (1973, 1979) and volatile prices pushed OECD economies to squeeze more GDP from each joule.
• Services displaced heavy industry in rich countries, trimming energy intensity.
• Refrigerators, motors and vehicles became dramatically more efficient.

3.2 Policy & Technology

• The Inflation Reduction Act (U.S.) now layers zero‑emission production credits and technology‑neutral tax incentives on top of existing nuclear PTCs citeturn1search0turn1search2.
• The EU’s Net‑Zero Industry Act aims to streamline siting and finance for “net‑zero technologies”, explicitly naming advanced nuclear citeturn0search1.

3.3 Result

Global primary energy in 2024 stands near 600 EJ (≈ 167 000 TWh)—still growing, but the line has flattened versus the pre‑1975 exponential.

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4. Population & Per‑Capita Demand

World population tripled between 1950 and today, yet total energy use grew roughly six‑fold. The imbalance reflects rising living standards and electrification. Looking ahead, the UN projects population to plateau near 10.4 billion in the 2080s, but per‑capita demand is poised to climb as the Global South industrialises.

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5. The Policy Pivot of 2023‑2025

| Region | Signal | Year | Implication | |--------|--------|------|-------------| | COP 28 Declaration | 20+ nations pledge to triple nuclear capacity by 2050 | 2023 | High‑level political cover for rapid nuclear build‑out citeturn0search2 | | Europe | Post‑crisis sentiment shifts; blackout in Iberia re‑opens nuclear debate | 2025 | Spain, Germany, Switzerland and others revisit phase‑outs citeturn0news63 | | United States | TVA submits first SMR construction permit; NRC advances BWRX‑300 review | 2025 | Regulatory pathway for fleet deployment citeturn1search9turn1search1 | | Global Strategy Report | “Six Dimensions for Success” playbook for new nuclear entrants | 2025 | Practical roadmap for emerging economies citeturn0search0 | | U.S. Congress | Proposed cuts to DOE loan office threaten build‑out pace | 2025 | Finance bottleneck remains a risk citeturn1news28 |

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6. The Catch‑Up Scenario

Suppose the recent 50‑year pause ends in 2025, and total energy demand returns to a midpoint historical doubling period of 12.5 years (the average of the 10–15 year rebound window).

6.1 Consumption Trajectory

| Year | Doublings since 2024 | Demand (TWh) | |------|----------------------|--------------| | 2024 | 0 | 167 000 | | 2037 | 1 | 334 000 | | 2050 | 2 | 668 000 | | 2062 | 3 | 1 336 000 |

(Table ignores efficiency gains from electrification for a conservative, supply‑side sizing.)

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7. Nuclear‑Only Supply Model

7.1 Reactor Math

• 1 GWᵉ Gen‑4 reactor → 8.76 TWh yr‑¹ at 100 % capacity factor.
• 2062 requirement: 1 336 000 TWh yr‑¹ → ≈ 152 500 reactors in steady state.
• Build rate (2025‑2062, linear deployment):
  152 500 ÷ 38 years ≈ 4 000 reactors per year globally.

(Down from the earlier 5 000 yr‑¹ estimate because the deployment window now stretches 38 years instead of 30.)

7.2 Policy Benchmarks

• COP 28 triple target translates to +780 GW (if baseline 2020 ≈ 390 GW). That is <100 1 GW units per year—two orders of magnitude lower than the theoretical catch‑up requirement, highlighting just how aggressive our thought experiment is.

7.3 Distributed vs Grid‑Centric

Small Modular Reactors (300 MW class) can be sited on retiring coal plants, using existing grid interconnects and cooling, vastly reducing new transmission needs. Ultra‑large “gigawatt corridors” become optional rather than mandatory, though meshed regional grids still improve resilience and market liquidity.

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8. Challenges & Unknowns

1. Finance: Even with IRA‑style credits, first‑of‑a‑kind Gen‑4 builds carry high cost of capital.
2. Supply Chain: 4 000 reactors a year means a reactor‑grade steel output roughly 20× today’s level.
3. Waste & Public Trust: Advanced reactors can burn actinides, but geologic repositories remain essential.
4. Workforce: Nuclear engineers, welders and regulators are already in short supply.
5. Competing Technologies: Cheap renewables + storage and prospective fusion could displace part of the projected load.

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9. Conclusions

Recent policy shifts—from Europe’s Net‑Zero Industry Act to the COP 28 nuclear declaration—signal that governments once again see nuclear energy as indispensable to deep decarbonisation. Yet meeting an exponential catch‑up in demand would require deployment rates an order of magnitude beyond today’s commitments, testing manufacturing capacity, finance and political resolve.

Whether the future follows the modest path now embedded in policy or the steeper curve sketched here, two convictions stand out:

• Electrification will dominate new energy demand.
• Scalable, dispatchable low‑carbon generation—likely including large fleets of Gen‑4 fission plants—must fill much of that gap if net‑zero targets are to remain credible.

---

Last updated 1 June 2025.

@ 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.

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@ 472f440f:5669301e

Marty's Bent

Sorry for the lack of writing over the last week. As many of you may already know, I was in Las Vegas, Nevada for the Bitcoin 2025 conference. It was my first time in Las Vegas. I had successfully avoided Sin City for the first 34 years of my life. But when duty calls, you have to make some personal concessions.

Despite what many say about this particular conference and the spectacle that it has become, I will say that having attended every single one of Bitcoin Magazine's conferences since 2019, I thoroughly enjoy these events, even if I don't agree with all the content. Being able to congregate with others in the industry who have been working extremely hard to push Bitcoin forward, all of whom I view as kindred spirits who have also dedicated their lives to making the world a better place. There's nothing better than getting together, seeing each other in person, shaking hands, giving hugs, catching up and reflecting on how much things have changed over the years while also focusing on the opportunities that lie ahead.

I think out of all the Bitcoin magazine conferences I've been to, this was certainly my favorite. If only because it has become abundantly clear that Bitcoin is here to stay. Many powerful, influential, and competent people have identified Bitcoin as an asset and monetary network that will play a large part in human society moving forward. And more importantly, Bitcoin is proving to work far better than anybody not paying attention expected. While at the same time, the fiat system is in woeful disrepair at the same time.

As a matter of reflection and surfacing signal for you freaks, here are the presentations and things that happened that I think were the most impactful.

Miles Suter's Block Presentation

https://youtu.be/iUXomXuXcuA

This presentation was awesome for many reasons, one of which being that we often forget just how dedicated Block, as an organization with many companies - including Cash App, Square, the open source organization known as Spiral and more recently, BitKey and Proto - has been to bitcoin over the last eight years. They've worked methodically to make Bitcoin a first-class citizen in their business operations and slowly but surely have built an incredibly integrated experience across their brands. The two big announcements from Block during the conference were the enablement of Bitcoin payments in Square point-of-sale systems and the amount of revenue they're making on their Lightning node, c=, from routing payments.

Right now, the Bitcoin payments and point of sale systems is in beta with many merchants testing it out for the next six months, but it will be available for all 4 million square merchants in 2026. This is something that many bitcoiners have been waiting for for many years now, and it is incredible to see that they finally brought it across the line. Merchants will have the ability to accept bitcoin payments and either convert every payment into fiat automatically, convert a portion of the bitcoin payment into fiat to keep the rest in sats, or simply keep all of the bitcoin they receive via payments in sats. This is an incredible addition to what Square has already built, which is the ability of their merchants to sweep a portion of their revenues into bitcoin if they desire. Square is focused on building a vertically integrated suite of bitcoin products for merchants that includes the ability to buy bitcoin, receive bitcoin, and eventually leverage financial services using bitcoin as collateral so that they can reinvest in and expand their businesses.

via Ryan Gentry

What went a bit underappreciated in the crowd was the routing node revenue that c= is producing, \~9.7% annualized. This is a massive validation of something that many bitcoiners have been talking about for quite some time, which is the ability to produce "yield" on bitcoin in a way that reduces risk significantly. Locking up bitcoin in a 2-of-2 multisig within Lightning channels and operating a Lightning routing node has been long talked about as one of the ways to produce more bitcoin with your bitcoin in a way that minimizes the threat of loss.

It seems that c= has found a way to do this at scale and is doing it successfully. 10% yield on bitcoin locked in Lightning channels is nothing to joke about. And as you can see from the chart above in the grainy picture taken by Ryan Gentry of Lightning Labs, this routing node "yield" is producing more return on capital than many of the most popular staking and DeFi protocols.

This is a strong signal to the rest of the market that this can be done. It may take economies of scale and a high degree of technical competency today. But this is incredibly promising for the future of earning bitcoin by providing valuable goods and services to the market of Bitcoiners. In this case, facilitating relatively cheap and instantly settled payments over the Lightning Network.

Saifedean Ammous' Bitcoin and Tether Presentation

https://youtu.be/SFUiGTayVL8

This was one of the best presentations at the conference. Saifedean Ammous is a friend, he has been an incredible influence on my personal bitcoin journey, and I feel comfortable in saying he's been a strong influence on the journey of hundreds of thousands, at least, if not millions of people as they've attempted to understand bitcoin.

This presentation is a bit spicy because it puts a pin in the balloon of hopium that stablecoins like Tether are mechanisms that could bail out the market for US Treasuries in the medium to long-term if they take enough market share. As one always should do, Saif ran the numbers and clearly illustrates that even in the most optimistic case, Tether's impact on the market for treasuries, their interest rates, and curbing the growth of the debt held by the US federal government will be minimal at best.

One of the most interesting things that Saif points out that I'm a bit embarrassed I didn't recognize before is that much of the demand for Tether that we're seeing these days is replacement demand for treasuries. Meaning that many people who are turning to Tether, particularly in countries that have experienced hyperinflationary events, are using Tether as a substitute for their currencies, which are operated by central banks likely buying U.S. treasuries to support their monetary systems. The net effect of Tether buying those treasuries is zero for this particular user archetype.

Saif goes on to explain that if anything, Tether is a weapon against the US Treasury system when you consider that they're storing a large portion of the stablecoin backing in Treasuries and then using the yields produced by those Treasuries to buy bitcoin. Slowly but surely over time bitcoin as a percentage of their overall backing of Tether has grown quite significantly starting at 0% and approaching 10% today. It isn't hard to imagine that at some point within the next decade, Bitcoin could be the dominant reserve asset backing tethers and, as a result, Tether could be pegged to bitcoin eventually.

It's a fascinating take on Tether that I've never heard before.

Nothing Stops this Train from Lyn Alden

https://youtu.be/Giuzcd4oxIk

Lyn's been saying it loudly for quite some time now; "Nothing stops this train." She's even been on our podcast to explain why she believes this many times over the last five years. However, I don't think there is one piece of content out there that consolidates her thesis of why nothing stops the train of fiscal irresponsibility and unfettered debt expansion and why that's good for bitcoin than the presentation she gave at the conference. Definitely give this one a watch when you get a chance if you haven't already.

Overall, it was a great week in Vegas and I think it's safe to say that bitcoin has gone mainstream. Whether or not people who have been in the bitcoin industry and community for a while are okay with does not really matter. It's happening and all we can do is ride the wave as more and more people come to recognize the value prop of bitcoin and the social clout they can gain from supporting it. Our job here at TFTC is to help you discern the signal from the noise, continue to champion the self-sovereign usage of bitcoin and keep you abreast of developments in the space as they manifest.

Buckle up. Things are only going to get weirder from here on out.

Bitcoin's Mathematical Destiny

Sean Bill and Adam Back make a compelling case for Bitcoin's inevitable march toward $1 million. Sean points out that Bitcoin represents just a tiny fraction—2 trillion out of 900 trillion—of total financial assets, calling it a "tiny orange dot" on their presentation to Texas pensions. He emphasizes that reaching parity with gold alone would deliver a 10x return from current levels. Adam highlights the mathematical impossibility of current prices, noting that ETF buyers are absorbing 500,000 BTC annually while only 165,000 new coins are mined.

"Who's selling at these prices? It doesn't quite add up to me." - Adam Back

The institutional wave is just beginning. Sean revealed that while 50% of hedge fund managers personally own Bitcoin, only 3% have allocated institutional funds. Combined with emerging demand from nation states and corporate treasuries meeting Bitcoin's fixed supply, the price trajectory seems clear. Both guests stressed the importance of staying invested—missing just the 12 best performing days each year would turn Bitcoin into a losing investment.

Check out the full podcast here for more on pensions allocating to Bitcoin, cypherpunk banking, and commodity trading insights.

Headlines of the Day

Panama Canal Eyes Bitcoin for Payment Option - via X

U.S. Warns of Imminent Chinese Threat to Taiwan - via X

Get our new STACK SATS hat - via tftcmerch.io

Saylor's Bitcoin Strategy Explodes Globally Amid Doubt - via CNBC

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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

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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.

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Final thought...

Moving is the least fun part of the human experience.

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Subscribe to our YouTube channels and follow us on Nostr and X:

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

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

@ 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.

@ 8bad92c3:ca714aa5

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

Get our new STACK SATS hat - via tftcmerch.io

Johnson Backs Stock Trading Ban; Passage Chances Slim - 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.

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Final thought...

Building things of value is satisfying.

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

Subscribe to our YouTube channels and follow us on Nostr and X:

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@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ 84b0c46a:417782f5

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こていたんさんのアイコン

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5/26 nostr:nevent1qvzqqqqqqypzpq4np5cygstsu65vsx0ggphrv23kj4z553sh39xwyur08pqvdsqrqyxhwumn8ghj77tpvf6jumt9qywhwumn8ghj7un9d3shjtnwdaehgu3wwa5hyetydejhgtn2wqq3vamnwvaz7tmnv4shycmg9ehx7ueww3hkgcteqqspk6e9e9wph23lt7xumuuu90rayzcswp3gz96c3w25raq9r9agw5cnfgve5

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@ a296b972:e5a7a2e8

Wird hier gerade eine Hollywood-Show vor unseren Augen aufgeführt?

Trump tut oft so, als ob die USA erst mit seiner zweiten Präsidentschaft zu existieren begonnen haben. Die Suppe, die ihm die Biden-Regierung eingebrockt hat auszulöffeln, gehört zur Übernahme der Amtsgeschäfte. Ist es wahrscheinlich, dass die Vorbereitungen für den Stellvertreterkrieg zwischen den USA und Russland, auf dem Rücken der Ukrainer, erst mit der Biden-Administration angefangen haben, oder schon früher?

Nicht vergessen: Als dominierende Kraft in der NATO sind die USA maßgeblich für die Provokation Russlands durch die NATO-Osterweiterung verantwortlich.

Jetzt, wo man, wie in anderen „demokratiebringenden Einmärschen“ vorher auch schon, erkannt hat, dass man wieder mal gescheitert ist, versuchen sich die USA einen schlanken Fuß zu machen? Wollen sie sich gesichtswahrend aus der Affaire ziehen und Europa den schwarzen Peter zuschieben? Am Ende hieße es dann möglicherweise: Wir haben ja alles versucht, uns für eine Befriedung in der Ukraine einzusetzen, aber ihr Europäer wolltet ja nicht. Jetzt seht selber zu, wie ihr damit fertig werdet. Schon lange vor dem Ukraine-Krieg gab es Stimmen, die sagten, dass wenn es einmal darauf ankommt, werden die USA Europa fallen lassen, wie eine heiße Kartoffel.

Trump deutet an, eine große Zahl der Besatzungstruppen in Europa, besonders präsent in Deutschland, abziehen zu wollen. Gleichzeitig ist die geplante Stationierung von Hyperschallraketen namens „Dark Eagle“ in 2026 noch nicht zurückgenommen worden. Das wäre ein klares Signal einer vertrauensbildenden Maßnahme. Trump könnte in Wiesbaden das Licht ausmachen. Auch das wäre Russland gegenüber, ein klares Zeichen zum festen Willen einer Deeskalation.

Wie geht es mit den rund 800 weltweiten US-Basen weiter? Gibt es hier Pläne, sich zurückzuziehen?

Trump könnte veranlassen, dass Starlink abgeschaltet würde, ein Anruf bei Musk genügte, dann wäre die Ukraine blind. Warum tut er das nicht, um den Krieg schneller zu beenden?

Warum fließen von Deutschland finanzielle Mittel in die Ukraine, um den Betrieb von Starlink weiter aufrechtzuerhalten?

All das könnten klare Zeichen Richtung Russland sein, die es beruhigen und das territoriale Sicherheitsgefühl des Landes wiederherstellen würde.

Wusste Trump nichts von der Auslagerung der Bio-Waffen-Labore in die Ukraine?

Haben die zahlreichen Executive Orders, so gut sie auch sein mögen, nicht auch den Charme von Autokratie oder sogar schon Diktatur? Sind diese in einer Ausnahmesituation gerechtfertigt? Dann wären die Ermächtigungsgesetze bei der Machtübernahme in Deutschland es auch gewesen. Sie geschahen aus der Sicht der Verantwortlichen ja auch in bester Absicht. Das kann doch eigentlich nicht sein. Oder kann man beides nicht miteinander vergleichen?

Wie passt das alles zusammen?

Im Juni gibt es ein NATO-Treffen. Wird Trump dort den Austritt aus der NATO verkünden?

Vorher macht Merz seinen Antrittsbesuch bei Trump. Gibt es eine saftige Ohrfeige, entlässt Trump Deutschland in die Volljährigkeit, oder erklärt Trump Deutschland zu seinem stärksten und verlässlichsten Partner in Europa? Man muss mit allem rechnen.

Durch seine Rede auf der Sicherheitskonferenz in München, bemängelte Vance unter anderem die Meinungsfreiheit in Deutschland. Ist das wirkliche Meinungsfreiheit, wenn diese derzeit in den USA vor allem in den Händen von Musk liegt?

Vance sah auch eine Gefahr für die Demokratie in Deutschland durch die Brandmauer gegen die Opposition. Es ist offensichtlich, dass Trump konservative Kräfte und somit die Opposition in Deutschland unterstützt und stärkt. Die Opposition steht jedoch auch zur NATO und ist für eine angemessene Verteidigungsfähigkeit. Keine Überlegungen, ob die Neutralität für Deutschland nicht ebenfalls eine Alternative wäre. Besteht hier nicht eine Gefahr, denn es ist nicht das erste Mal, dass die USA in einem anderen Land Kräfte unterstützen, von denen sie der Meinung sind, dass sie der Demokratisierung dienen. Hier gibt es Beispiele dafür, dass der Schuss auch nach hinten losgehen kann. Dieses Mal mag es ja vielleicht in die richtige Richtung gehen, doch wer garantiert das? Am Ende zeigt es jedoch vor allem, dass Deutschland nur ein Spielball ganz anderer Kräfte ist, und aus sich heraus nicht in der Lage, vernunftbegabte, eigene Entscheidungen zu treffen. Und werden Entscheidungen getroffen, dann gehen sie in die falsche Richtung. Deutschland darf nicht stärkste Kraft in Europa werden, schon allein aufgrund seiner eigenen Geschichte nicht.

Und die, die die durchaus vorhandenen mahnenden Stimmen in Deutschland unterstützen müssten, die tun es (noch) nicht. In der Tat muss der Wandel von unten nach oben erfolgen, durch den Souverän, weil es mehr als genug Beweise dafür gibt, dass die politische Klasse weder willens noch dazu in der Lage ist, wieder freiheitlich-demokratische Verhältnisse herzustellen, auch, wenn sie ständig gebetsmühlenartig betont, dass sie Unseredemokratie mit allen Mitteln schützen will. Mittlerweile ist die Lage schon so pervers, dass man sich förmlich einen tagelangen Blackout, Benzinpreise von 5,00 Euro den Liter, exorbitant hohe Heiz- und Lebenshaltungskosten herbeiwünscht, damit dieses derzeit leider enttäuschende, bräsige Volk endlich den Irren in Berlin deutlich zu verstehen gibt, dass es so nicht weitergehen kann.

Herr Pistorius scheint der Ansicht zu sein, dass, wenn er das Wort Diplomatie in den Mund nimmt, er augenblicklich an Zungenkrebs erkrankt. Nein, Herr Pistorius, wir müssen nicht kriegstüchtig werden, wir müssen nicht nur friedensfähig werden, sondern friedensliebend durch eine vernunftbegabte deutsche Politik sein, kapieren Sie das endlich! Und diese Friedensliebe muss in die Welt hinausposaunt werden, als Zeichen, dass Deutschland aus seiner Geschichte gelernt hat (wenn es denn so wäre).

Und Frieden durch Krieg schaffen zu wollen, ist und bleibt bekloppt!

Und Merz, verkündet stolz die Stationierung einer Brigade in Litauen, direkt an der russischen Grenze. Es scheint ihm Vergnügen zu bereiten, den Bären an der Tatze zu kitzeln. So lange, bis er die Krallen zeigt, weil es ihm zu viel wird. In Litauen selbst scheint es seit Ende des 2. Weltkrieges noch bis heute eine beträchtliche Anzahl von ewig Gestrigen zu geben, genauso, wie in der Ukraine. Wie passt das zusammen?

Oder soll gar am Ende doch noch der Morgenthau-Plan umgesetzt werden? Anzeichen dafür gibt es.

Was, Herr Trump, ist jetzt mit den Goldreserven in Fort Knox? Sind sie noch da, oder nicht? Was ist mit den deutschen Goldreserven? Die sieht Deutschland wahrscheinlich nie wieder, weil sie mit den jahrzehntelangen Kosten für den US-NATO-Schutz verrechnet werden. Und am Ende würde wahrscheinlich sogar noch ein Saldo zu Ungunsten Deutschlands übrigbleiben.

Ja, es sind viele Baustellen begonnen worden und es gibt immer noch sehr starke Kräfte in den USA, die das Aufräumen verhindern wollen:

Weniger Zucker, keine künstlichen Zusatzstoffe in Lebensmitteln, zusatzfreies Wasser, alles schön und gut. Was nutzt es, wenn die Amis sich wieder gesünder ernähren können, die Fettleibigkeit zurückgeht und viele am Ende dann doch an den Folgen der Spritze zugrunde gehen.  Ein offizielles, nationales, sofortiges Verbot der mRNA-Vergiftung gibt es immer noch nicht. Und auch keine laufende Aufarbeitung und Aufklärung von alleroberster Stelle. Kennedy tut was er kann, aber das reicht noch nicht.

Wer sind die Hintermänner der Wettermanipulation, die derzeit teilweise geahndet werden? Irgendjemand muss den Auftrag dazu geben, wo wird das Zeug hergestellt, wer mischt es dem Flugbenzin bei, was wissen die Flugkapitäne, wenn es denn so ist?

Wird eine Grand Jury vorbereitet, in denen die von Biden am letzten Tag begnadigten Personen, inklusive ihm selbst, zur Rechenschaft gezogen werden? Wo ist das US-amerikanische Nürnberg 2.0 für alle, die an dem Spritzen-Verbrechen beteiligt gewesen sind?

Was ist mit den Kinderschändern? Können die fliehen, wohin? Oder landen die allesamt auf dem elektrischen Stuhl, wo sie hingehören würden? Auch, wenn man grundsätzlich gegen die Todesstrafe ist, in diesem Fall könnte man doch mal eine Ausnahme machen, falls Guantanamo zu voll würde. Sich in teuflischer Art auf verschiedene Weise an Kindern zu vergehen, ist das widerlichste, abscheulichste, menschenverachtendste, das sich ein normaler Mensch überhaupt nur vorstellen kann. Und gleich danach kommt die weltweite, satanische mRNA-Vergiftung.

Was sollen die Friedensgespräche zwischen Russland und der Ukraine in Istanbul? Wie der durch die NATO-Osterweiterung von den USA angezettelte Krieg in der Ukraine, so wäre es jetzt auch die Pflicht der USA, dieses grandiose Deppenstück mit unzähligen Toten und Verstümmelten auch wieder zu beenden. Und das geht nur zwischen den USA und Russland. Die Ukraine hat dabei wenig bis gar nichts zu melden, genau so wenig, wie Europa, und schon gar nicht Möchte-Gernegroß-Deutschland.

Ist das ein Hinhaltetaktik?

Klar war, dass Trump den Krieg in der Ukraine nicht in 24 Stunden beenden konnte. Wurde Europa die Gelegenheit gegeben, ein Bündnis der Willigen aufzustellen, dass verzweifelt aber erfolglos versucht, einen Keil in die Friedensverhandlungen zu treiben? Soll damit das wahre Gesicht von Großbritannien, Frankreich und Deutschland augenscheinlich werden? Steckt ein Plan dahinter, aber welcher?

Welche Möglichkeiten hätte Trump, die Europäische Union, als Handlanger des Deep States und der NATO, mit einer Überdosis der von der EU-Kommissarin per SMS bestellten Haarspray-Dosen zu ersticken, damit eine für alle einträgliche Neuauflage der Europäischen Wirtschaftsgemeinschaft selbständiger Nationalstaaten wiederauferstehen kann? Damit Gurken und Bananen wieder krumm sein dürfen, und die Sommerzeit, unnötig wie ein Loch im Kopf, endlich wieder abgeschafft wird, weil keiner sie will und weil sie nichts bringt. Das sind nur die harmlosesten Beispiele. Dieses nicht demokratisch gewählte Bürokratie-Monster mit europäischem Herrschaftsanspruch, Militärphantasien und diktatorischen Gleichmachungsgedanken gehört aufgelöst, und die agierenden Handlanger in ihm dürfen nie wieder politische Verantwortung übertragen bekommen.

Es ist richtig, wenn es Stimmen gibt, die sagen, die Veränderung der politischen Verhältnisse muss von der Graswurzel aus erfolgen, weil man erkennen muss, dass das ganze System vergiftet ist. Die USA waren genau so wenig jemals unser Freund, wie Russland unser Feind ist. Es ging und geht immer nur um Interessen, nicht um Nächstenliebe. Wie viele Generationen und ein anderes Bildungssystem braucht es, bis die Menschen das verstehen?

Trump hat schon mehrmals angekündigt, dass „nächste Woche“ Großes geschehen wird. Bisher heiße Luft, oder ist da etwas verkündet worden, dass man nicht mitbekommen hat?

Trump ist nicht der Retter der Welt! Mit dem Projekt Warp-Speed geht es jetzt weiter mit Stargate. Hier sollen 500 Milliarden Dollar in die mRNA-Forschung zur Bekämpfung von Krebs und in die KI-Infrastruktur bereitgestellt werden. Welche Rolle spielen Thiel mit Palantir und Musk mit Neurolink und weitere Tech-Giganten? Digitale Identitäten sollen die illegalen Einwanderer abhalten, zum Schutz der eigenen Bevölkerung. Wer sagt denn, dass hier nicht ein totaler Überwachungsstaat installiert werden soll? Man muss Speck in die Mausefalle legen, damit die Maus darauf hereinfällt. Und dann – schnappt sie zu! Vieles, was aus den USA kommt, hört sich erst einmal befreiend an. Basiert das wirklich auf humanen Prinzipien, oder sind am Ende auch hier nur Interessen, wie überall, die treibende Kraft?

Die USA sind keine lupenreine Demokratie, genauso wenig wie Russland, denn am Ende zählt, wer das meiste Geld zusammenbekommen hat, um an die Macht zu kommen. Das ist wohl eher eine "Moneykratie", eine Geldherrschaft. Einmal sind es die Demokraten, ein anderes Mal sind es die Republikaner. Am Ende ziehen immer diejenigen die Strippen, die dahinterstehen, die man nicht sieht, die Einser, die aus den vielen Nullen eine Tausend machen, damit sie ihre Macht entfalten können. Wer entscheidet denn, wer die guten Reichen und wer die bösen Reichen sind? Am Ende verdirbt Geld und Macht bei allen den Charakter. Und was die sogenannten Philanthropen anrichten können, hat man ja in vollen Zügen „genießen“ dürfen. Raus aus der WHO, ein richtiger Schritt der USA und Argentiniens. Und was ist mit den anderen Staaten? Auch hier tut sich Deutschland wieder einmal in besonders unangenehmer Weise durch zusätzliche Geldspritzen hervor.

Wir sollten endlich innerhalb unserer Menschheitsentwicklung erwachsen werden, uns von dem Gedanken verabschieden und uns darauf verlassen, dass Mama und Papa es schon richten werden. Mit wirklicher Freiheit umzugehen, muss gelernt sein. Wir müssen aus der Freiheits-Simulation aufwachen. Das macht vielen Angst, weil Freiheit mit Selbstverantwortung, Selbstermächtigung und Selbstdenken zu tun hat. Die Auswahl in einem 5 Meter langen Joghurt-Regal hat nichts mit Freiheit zu tun!

Bisher wurden wir in den sogenannten Demokratien darauf hin konditioniert, dass wir unser Kreuzchen machen, damit wir jemanden haben, auf den wir schimpfen können: Die da oben! Und die da oben, interessiert das einen feuchten Kehricht. Das muss aufhören!

Wir müssen unser Schicksal und Wohlergehen endlich selbst in die Hand nehmen.

Alle Systeme, und klingen sie noch so verlockend, dienen der Steuerung und Lenkung von Massen, weil einige Wenige glauben zu wissen, was gut für uns ist. Dabei sollten wir das doch selbst am allerbesten wissen. Dazu gehört vor allem die Freiheit, die kein System wirklich zulassen kann, auch die USA nicht, weil das den absoluten Machtverlust für es bedeuten würde.

Selbst, wenn sich unter dem Vorangegangenen, Wirres für den Leser befinden sollte, es sind eigene Gedanken und eine Meinung, die immer noch besser ist, als die vorbereiteten, geschälten Apfelscheite von einem Tellerchen aufzunehmen, gedankenlos in den Mund zu stecken, leicht durchzukauen und herunterzuschlucken, so, wie es bei denen, die immer noch vor dem Fernseher hocken und glauben, was ihnen da vorgelogen wird, der Fall ist.

Insasse der Freiluft-Irrenanstalt, bediene Dich Deines eigenen Verstandes und heile Dich selbst von der Massenpsychose, in die man Dich durch jahrelange Gehirnwäsche getrieben hat. Schock den Staat, denke selbst!

@ 4c96d763:80c3ee30

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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.

---

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

@ 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

@ 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.

@ 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.

---

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

@ 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

@ 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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โลกเป็นอย่างไร เพราะใจเราเป็นอย่างนั้น

พระอาจารย์ไพศาล วิสาโล วัดป่าสุคะโต แสดงธรรม เย็นวันที่ ๓๑ กรกฎาคม ๒๕๖๕

คนเราทุกคนมีตา หู จมูก ลิ้น กาย แล้วก็ใจ ตา หู จมูก ลิ้น กาย มีไว้เพื่อรับรู้โลกภายนอก ตารับรู้รูป หูรับรู้เสียง จมูกรับรู้กลิ่น ลิ้นรับรู้รส และกายก็รับรู้สัมผัสที่เรียกว่าโผฏฐัพพะ และไม่ว่าจะรับรู้โลกภายนอกอะไร มันก็ส่งมาที่ใจ ใจทำหน้าที่คิด ทำหน้าที่รู้สึก

เราก็คงจะสังเกตได้ว่า เรารับรู้อะไร ใจก็มักจะเป็นอย่างนั้น เช่น ถ้าเกิดเราเห็นภาพคนกำลังอดอยากหิวโหย ก็เกิดความรู้สึกเศร้า สงสารในใจของเรา ถ้าเห็นภาพอุบัติเหตุรถยนต์ ก็เกิดความเสียวสยอง หรือว่าหวาดวิตกในใจ ถ้าเห็นเด็กกำลังร้องไห้ ก็เกิดความรู้สึกเศร้าในใจของเรา แต่ถ้าเกิดเห็นภาพคนกำลังสนุกสนานรื่นเริง มันก็มีความยินดีเกิดขึ้นในใจ

รับรู้อะไรก็มีผลต่อใจของเรา รับรู้สิ่งที่เป็นลบ ใจก็พลอยรู้สึกลบไปด้วย รับรู้สิ่งที่เป็นบวก ใจก็พลอยเป็นบวกไปด้วย เพราะฉะนั้นการรับรู้อะไร ก็เป็นสิ่งที่เราต้องใส่ใจ

ถ้าเราอยากจะให้ใจเราสงบ ใจเราเป็นสุข ไม่ถูกแผดเผาด้วยความโกรธ หรือว่าไม่ถูกกดกดดันด้วยความเศร้า หรือว่าถูกกระตุ้นเร้าด้วยความโลภ ความอยาก อันนี้ก็โยงไปถึงว่า เราเลือกที่จะอยู่ไหนด้วย ถ้าเราเลือกที่จะอยู่ในที่ที่สงบสงัด ใจก็พลอยสงบ หรือว่าสามารถจะเย็นได้ง่าย

เพราะฉะนั้นธรรมะข้อหนึ่งในโอวาทปาฏิโมกข์คือ พึงนอนและนั่งในที่สงัด ในที่ที่สงัดที่ที่เป็นรมณีย์ มันก็มีส่วนน้อมใจให้สงบไปด้วย

รวมทั้งการรู้จักใช้หู ใช้ตา ใช้จมูกให้เป็น ต้องรู้จักเลือกรับรู้สิ่งที่มันจะเกื้อกูล ต่อการสร้างกุศลธรรมขึ้นมาในใจ อย่างไรก็ตามเท่านั้นยังไม่พอ เพราะว่าการรับรู้ของเรา บ่อยครั้งเราไม่ได้รับรู้สิ่งที่เกิดขึ้นข้างหน้าเราอย่างที่มันเป็นจริง

บ่อยครั้งเราก็มีการตีความหรือปรุงแต่ง เราไม่ได้เห็นอย่างที่รูปปรากฏ เราไม่ได้ได้ยินอย่างที่เสียงมากระทบหูเรา เพราะว่ามีการตีความ หรือปรุงแต่งซ้อน แบบเรียกว่าสนิทแนบแน่นเลย อย่างเช่น เห็นคนกระซิบกระซาบต่อหน้าเรา เราก็อาจจะตีความไปว่า เขากำลังพูดถึงเรา หรืออาจจะถึงขั้นนินทาเรา แต่ความจริงอาจจะไม่ได้เป็นอย่างนั้น

หรือว่ามีคนบางคนมองหน้าเรา จ้องเรา เราก็อาจจะตีความว่า เขากำลังหาเรื่องเราก็ได้ หรือเขากำลังไม่พอใจเรา แต่ว่าความจริงอาจจะไม่ได้เป็นอย่างนั้นก็ได้ แต่ว่าเราตีความไปแล้ว แล้วส่วนใหญ่เราก็จะไม่ได้เห็น ไม่ได้รับรู้สด ๆ หรือว่าอย่างที่มันเป็น

แต่ว่ามันมีการตีความ ตีความในทางบวกก็มี ตีความในทางลบก็มี ซึ่งตรงนี้บ่อยครั้งก็สร้างปัญหา หรือสร้างความทุกข์ให้กับเรา เพราะการที่เราไม่ได้เห็นอะไรอย่างที่มันเป็นจริงๆ มันมีการตีความในใจของเราหรือด้วยใจของเรา และเราก็เผลอไปคิดว่า สิ่งที่จิตตีความ มันคือความจริง แต่บ่อยครั้งมันก็เป็นแค่การปรุงแต่ง หรือความคิดของเราเอง

มีพระทิเบตท่านหนึ่งเล่าว่า มีคราวหนึ่งจะเดินทางขึ้นเครื่องบิน ที่สนามบินมีการตรวจเอกซเรย์ข้าวของ โทรศัพท์ คอมพิวเตอร์ ระหว่างที่กำลังรอข้าวของของท่านที่กำลังผ่านการเอกซเรย์ ท่านก็เหลือบไปมองเห็นด่านรักษาความปลอดภัยอีกด่านหนึ่ง ที่เป็นด่านสุดท้าย

แล้วก็สังเกตว่ามีเจ้าหน้าที่รักษาความปลอดภัยคนหนึ่ง รูปร่างสูงใหญ่ มีหนวดเฟิ้มเลย จ้องมองมาที่ท่าน จ้องแบบเขม็งเลย ท่านเหลียวไปมองหลายครั้งก็เห็นว่าเขายังจ้องไม่เลิก ก็รู้สึกไม่ค่อยสู้ดีแล้ว เอ๊ะ หรือว่าเจ้าหน้าที่คนนี้กำลังสงสัยอะไรเราหรือเปล่า ถึงจ้องมองแบบนั้น แล้วยิ่งเห็นเจ้าหน้าที่คนนั้นจ้องมองมากเท่าไหร่ โดยที่ไม่มีรอยยิ้มเลยนะ ท่านก็เลยนึกในใจว่า เขาคงจะสงสัยเรา

ยิ่งมองเจ้าหน้าที่คนนั้น ก็ยิ่งรู้สึกว่าเจ้าหน้าที่คนนี้ หน้าเหี้ยม แล้วก็ดูหยาบกระด้าง หน้าตารูปร่างเหมือนมาเฟียเลย จู่ ๆ เจ้าหน้าที่คนนั้นก็วิทยุ พระทิเบตก็คิดสงสัยว่าคงต้องมีอะไรแน่ แล้วก็จริงด้วย มีเจ้าหน้าที่คนใหม่เดินมาที่ชายคนนี้ แล้วก็พูดคุยอะไรกันสักอย่าง แล้วเจ้าหน้าที่ที่มีหนวดก็ชี้มาที่ตัวท่าน

พระทิเบตใจเขาก็ไม่สู้ดีแล้ว เจ้าหน้าที่คนใหม่ก็มา พอมายืนแทนเจ้าหน้าที่คนแรกที่มีหนวด เจ้าหน้าที่ที่มีหนวดนั่นก็เดินตรงมาเลยที่ท่าน แล้วก็ถามว่า คุณคือมิสเตอร์ยงเกใช่ไหม ท่านก็ตอบว่าใช่ มีอะไรเหรอ เจ้าหน้าที่คนนั้นก็บอกว่า ผมอยากจะขอบคุณคุณเหลือเกินนะ เพราะว่าหนังสือคุณนี่ช่วยผมได้มากเลย อยากจะขอบคุณจริง ๆ เลย

เท่านี้แหละ พระทิเบตก็ยิ้มเลย แล้วเจ้าหน้าที่คนนั้นก็ยิ้มด้วย แล้วก็มาเขย่ามือกัน เป็นมิตรเลยนะ ก็รู้สึกโล่งอกขึ้นมาเลย นึกว่าจะมีเรื่องอะไร อ๋อ ที่แท้มาขอบคุณที่ได้อ่านหนังสือของเรา ทีแรกนึกว่าจะมาสงสัย มาค้นตัวอะไรสักอย่าง

แล้วท่านก็พบว่าภาพของชายคนนั้น ในสายตาของท่านเปลี่ยนไปเลย จากคนที่มีสีหน้าเหี้ยม กระด้างเหมือนมาเฟีย กลายเป็นคนที่อารมณ์ดี ใจดี สุภาพเรียบร้อย มีความเป็นมิตร และท่านก็มาเอะใจ ทำไมเรามองเจ้าหน้าที่คนนี้เปลี่ยนไป ทีแรกเห็นเป็นคนเหี้ยม คนหยาบ แต่เห็นตอนนี้กลายเป็นมิตร มีน้ำใจ แล้วก็มีความสุภาพ ก็คนคนเดียวกันแหละ แต่ทำไมเห็นต่างกันเลย แบบตรงข้ามกันเลย หลังจากที่เขามาทักทาย แล้วก็มาขอบคุณ

อันนี้ก็ชี้ให้เห็นว่าจิตของคนเรา มันส่งผลมากต่อการรับรู้ ทีแรกพอเห็นเจ้าหน้าที่คนนั้นจ้องมองเขม็งเลย ที่จริงเขาก็ไม่ได้มีอะไรในใจ แต่ว่าพระทิเบตท่านนี้ตีความไปแล้วว่า เขาคงไม่ชอบเราหรือคิดไม่ดีกับเรา ตีความไปในทางร้ายแล้ว ไม่ได้เห็นอย่างที่เป็น

พอตีความไปในทางร้ายเขาคิดไม่ดีกับเรา ท่านก็เลยรู้สึกไม่ดีกับเขา พอรู้สึกไม่ดีกับเขา ภาพของเขาที่เห็นในใจของท่าน ก็กลายเป็นคนที่ดูเหี้ยม กระด้าง เหมือนมาเฟีย เหมือนอันธพาล แต่ว่าพอเขามีอากัปกริยาในทางที่เป็นมิตร มาขอบคุณ มาขอบอกขอบใจ ความรู้สึกของท่านที่มีต่อเขาก็เปลี่ยนไป แทนที่จะเห็นว่าเขาคิดไม่ดีกับเรา ที่แท้เขาขอบคุณเรา พอรู้สึกดีกับเขา ภาพของเขาในสายตาของท่านก็เปลี่ยนไปเลย กลายเป็นคนที่สุภาพเรียบร้อย มีความเป็นมิตร

อันนี้เป็นสิ่งที่ชี้ให้เห็นเลยว่า คนเราบ่อยครั้งเรารับรู้อะไรก็ตาม เราไม่ได้รับรู้อย่างที่มันเป็น แต่ว่ามีการตีความ และถ้าเราตีความในทางลบ ว่าเขาคิดไม่ดีกับเรา จิตมันก็มีปฏิกิริยาตอบโต้ทันทีเลย พอคิดว่าเจ้าหน้าที่คนนี้เขาคิดไม่ดีกับเรา ท่านก็รู้สึกไม่ดีกับเขาโดยอัตโนมัติเลย

พอรู้สึกไม่ดีกับเขา ภาพของเขาที่ท่านเห็นก็กลายเป็นภาพของคนที่ดูดุร้าย ดูเหี้ยม มีการเติมแต่ง มีการใส่สี และนี่คือสิ่งที่เกิดขึ้นกับคนเรา เกิดขึ้นกับเราในชีวิตประจำวัน เรารับรู้อะไร เราก็ไม่เคยรับรู้อย่างที่มันเป็น แต่ว่ามีการตีความ

ถ้าตีความในทางบวกก็ดีไป ถ้าตีความในทางลบ ก็เกิดความวิตก เกิดความกลัว เกิดความเครียด เกิดความขุ่นมัว และพอใจมีความวิตก มีความขุ่นมัว มองอะไรออกไป ก็เห็นแต่ภาพในทางลบ คนๆหนึ่งก็ถูกมองว่ากลายเป็นคนที่เหี้ยม กลายเป็นคนที่กระด้าง แต่พอใจเปลี่ยนไป ความรู้สึกที่มีต่อคนคนนั้นเปลี่ยนไป ภาพที่เห็นหรือว่าภาพที่มองออกไป มันก็เป็นอีกแบบหนึ่ง ตรงข้ามกันเลย

พูดอีกอย่างหนึ่งก็คือว่า ไม่ใช่แค่ว่าเราเห็นอะไรใจก็เป็นอย่างนั้น ในทางกลับกัน ใจเราเป็นอย่างไรก็เห็นโลกไปในทางนั้น ถ้าใจเราขุ่นมัว ใจเรามีความเครียด หรือมีความรู้สึกเป็นลบ โลกที่อยู่รอบตัวเรา หรือคนที่อยู่ข้างหน้าเรา ก็ถูกเติมแต่งให้เป็นลบไปด้วย มีการใส่สี แต่ถ้าเรารู้สึกบวกกับเขา ภาพที่เห็นก็เปลี่ยนไป กลายเป็นบวกไปด้วย อันนี้คือสิ่งที่เกิดขึ้นกับเราตลอดเวลาเลยว่าก็ว่าได้

โลกเป็นอย่างไร มันก็อยู่ที่ใจของเราว่าเป็นอย่างไรด้วย ฉะนั้นบ่อยครั้ง เวลาเรารู้สึกว่าโลกมันหม่นหมอง ผู้คนไม่น่ารัก มันอาจจะเป็นเพราะว่าใจเราหม่นหมอง หรือว่าใจเรามีความรู้สึกที่เป็นลบก็ได้

ฉะนั้นก่อนที่เราจะไปตัดสิน ไปวิพากษ์วิจารณ์ หรือไปมองว่าโลกมันแย่ บางทีเราต้องกลับมาดูที่ใจของเรา ว่าใจเรามันมีการเติมแต่ง รูปที่ได้เห็น เสียงที่ได้ยินหรือเปล่า

ในปฏิจจสมุปบาท จะมีปัจจยาการตอนต้นเลยที่บอกว่า อวิชชาเป็นปัจจัยให้เกิดสังขาร สังขารเป็นปัจจัยให้กับวิญญาณ ที่พูดมาก็เป็นเรื่องที่ชี้ให้เห็นว่า สังขารปรุงแต่งวิญญาณอย่างไร

สังขารในที่นี้ก็คือการปรุงแต่ง หรือความรู้สึกนึกคิดในใจ อารมณ์ที่เกิดขึ้นในใจ มันก็ไปปรุงแต่งการรับรู้ ไม่ว่าจะเป็นการรับรู้ทางตา ทางหู ทางจมูก ทางลิ้น ทางกาย หรือแม้แต่ทางใจ ถ้าใจมีความรู้สึกในทางลบ เช่นคิดลบ หรือรู้สึกลบกับใคร ก็จะเห็นภาพคนๆ นั้นในทางลบไปด้วย เห็นเป็นคนที่กระด้าง เป็นคนที่เหี้ยม เป็นคนที่ไม่น่ารัก แต่ถ้าใจมีความรู้สึกเป็นบวก ก็จะเห็นเขาเป็นคนที่เป็นมิตร เห็นเขาสุภาพ

อันนี้ก็ไม่ต่างจากเรื่องของคนผู้ชายคนหนึ่งไปพักที่โรงแรม แล้วก็ถอดสร้อยคอที่คล้องพระสมเด็จราคาแพงด้วย ไว้ที่หัวนอน ออกไปทำธุระตอนเช้า ไปออกกำลังกาย กินข้าวเสร็จก็กลับเข้ามาในห้อง สร้อยหาย เอ๊ะ ใครเอาไป สงสัยพนักงานทำความสะอาด เพราะว่าในช่วงนั้น มีพนักงานทำความสะอาดเข้าไปจัดเตียง

เขาก็ตามหาว่าใครเป็นพนักงานทำความสะอาด พอพบเห็นเขา ก็ปักใจเชื่อเลยว่าเขาขโมยเอาสร้อยคอไป แล้วก็เฝ้าสังเกตผู้ชายคนนั้น ดูท่วงท่ามีพิรุธ แววตาก็มีพิรุธ ไม่กล้าสบตาเขา ใช่แน่ๆ เลย เอาสร้อยคอของเราไป แต่ปรากฏว่าตอนสายๆ หรือตอนบ่าย ปรากฏว่าเจอสร้อยมันตกอยู่หลังเตียง

พอรู้ว่าชายคนนั้น พนักงานทำความสะอาดไม่ได้ขโมยไป ก็เห็นเขาในภาพใหม่เลย น้ำเสียงเขาก็ไม่ได้มีพิรุธอะไร พูดจาก็ดี อากัปกริยาก็ไม่ได้ผิดปกติอะไร ภาพของพนักงานทำความสะอาดเปลี่ยนไปเลย

ที่จริงก็ไม่ได้เปลี่ยนไปหรอก เขาก็เหมือนเดิม ไม่ว่าตอนเช้า ตอนสาย หรือตอนบ่าย แต่ที่เปลี่ยนไปคือใจของผู้ชายคนนั้น ทีแรกปักใจเชื่อว่าพนักงานทำความสะอาดเป็นขโมย พอคิดแบบนั้นเข้า ก็เห็นแต่พิรุธ แต่พอรู้ว่าเขาไม่ได้ขโมยไป ภาพที่เห็นก็เปลี่ยนไป อันนี้เรียกว่าสังขารเป็นปัจจัยให้เกิดวิญญาณ

แล้วไม่ใช่เฉพาะกรณีแบบนี้เท่านั้น ในชีวิตประจำวันทั่วๆ ไป เวลาเรามีความทุกข์ ความเครียด แล้วเรารู้สึกว่าเป็นเพราะโลกภายนอก เป็นเพราะคนรอบตัว เช่นเราเห็นเขาไปในทางลบทางร้าย เราก็เลยเป็นทุกข์ ให้เราลองสังเกตดูก็ได้ว่า บ่อยครั้งความทุกข์ของเรา มันเกิดจากการที่เราตีความไปในทางลบ หรือว่าปรุงแต่งไปในทางร้ายหรือเปล่า

ฉะนั้นถ้าเรารู้จักหมั่นสังเกต หมั่นทบทวน เอาประสบการณ์ที่เคยเข้าใจผิดที่ตีความในทางลบ หรือว่าเติมแต่งในทางร้าย และทำให้เราเกิดความทุกข์ เกิดความวิตก เกิดความเครียด หรือว่าเกิดความไม่พอใจ เอามาเป็นบทเรียนสอนใจ มันจะช่วยทำให้เรารู้จักทักท้วง

ทักท้วงว่าสิ่งที่เราเห็น ที่จริงมันอาจจะไม่ใช่เป็นความจริงก็ได้ มันอาจจะมีการตีความไปแล้วในทางลบ หรือที่เรามองเห็น มองออกไปข้างนอก อาจจะมีการเติมแต่งไปในทางร้ายก็ได้ ไม่ว่ารับเข้ามาจะเป็นรูป รส กลิ่น เสียงที่ได้ยิน หรือมองออกไป มันมักจะมีการตีความหรือเติมแต่ง

แล้วมันก็ไม่จำเป็นต้องเป็นทางลบ อาจจะเป็นไปในทางบวกก็ได้ อันนี้ที่เขาเรียกว่าอคติ ฉันทาคติก็คือลำเอียงเพราะชอบ อันนี้ก็หมายถึงว่า มองเห็นคลาดเคลื่อนจากความเป็นจริง เพราะว่ามีความชอบ เขาทำอะไรก็ดูดีไปหมด เขาทำอะไรก็ดูถูกต้องไปหมด ทั้งๆ ที่ที่ผิดก็มี ที่พลาดก็มี แต่ว่าไม่เห็นเพราะว่ามองเห็นแต่ด้านดี อันนี้เพราะว่าลำเอียงเพราะชอบ หรือมิฉะนั้นก็ตรงข้าม โทสาคติ ลำเอียงเพราะโกรธ หรือลำเอียงเพราะกลัว ภยาคติ หรือว่าลำเอียงเพราะหลง

อย่างกรณีของพระทิเบต ท่านก็เกิดโทสาคติ ทีแรกเกิดโทสาคติ ก็เลยเห็นเจ้าหน้าที่รักษาความปลอดภัยคนนั้น เหี้ยม ดุ เหมือนผู้ร้าย เหมือนมาเฟีย แต่พอเขามาขอบคุณ เขามาแสดงความเป็นมิตร ก็เปลี่ยนไปเลย ฉันทาคติมาแทนโทสาคติ ก็เห็นเขาเป็นคนที่เป็นมิตร สุภาพเรียบร้อย อันนี้ก็เป็นสิ่งที่เราควรจะสังเกตได้ กับประสบการณ์ของตัวเราเอง ว่ามันเป็นอย่างนั้นบ้างหรือเปล่า จะได้เป็นเครื่องเตือนใจเรา เพื่อไม่ให้เราทุกข์ ที่สร้างขึ้นมาเอง

บางครั้งความทุกข์เราไปมองว่าเป็นเพราะคนนู้นคนนี้ แต่ที่จริงเป็นเพราะการปรุงแต่ง การตีความในทางลบ หรือว่าการเติมแต่งในทางร้ายของเรา

ที่พระพุทธเจ้าตรัสว่า ธรรมทั้งหลายมีใจเป็นใหญ่ มีใจเป็นหัวหน้า สำเร็จได้ด้วยใจ อันนี้ก็เป็นตัวอย่างหนึ่งว่า โลกภายนอกที่เราเห็นผ่าน ตา หู จมูก ลิ้น กาย หรือแม้กระทั่งความคิด มันล้วนแล้วแต่เกิดหรือถูกกำหนดด้วยใจของเรา ถ้าใจเราเป็นลบก็เห็นเป็นลบ ถ้าใจเราเป็นบวกก็เห็นเป็นบวก

ฉะนั้นการกลับมาดูใจของเรา จึงเป็นเรื่องที่สำคัญมาก ถ้าไม่อยากให้เกิดไฟเผาในใจของเรา ก็ต้องกลับมาสำรวจตรวจตา หรือสอดส่องใจของเราว่า มันมีอคติ โทสาคติ ภยาคติหรือเปล่า หรือมันมีการเติมแต่งไปในทางลบทางร้ายหรือเปล่า ไม่อย่างนั้นเราก็จะสร้างหรือก่อทุกข์ขึ้นมาในใจของเรา ทั้งที่ความจริงไม่ได้เป็นอย่างนั้น.

พระอาจารย์ไพศาล วิสาโล

ขอขอบคุณ Visalo.org

@ 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

@ bf47c19e:c3d2573b

U ovoj sekciji pratićemo cene raznih dobara i usluga, a pre svega nekretnina, prosečne srpske plate, goriva, deviznih i zlatnih rezervi Srbije u odnosu na Bitkoin. Iz priloženih grafikona može se videti da sve vremenom gubi vrednost, odnosno postaje jeftinije u odnosu na BTC.

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@ 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

@ 127d3bf5:466f416f

In the Name of Allah, the Most Gracious, the Most Merciful,

"Permission to fight (against disbelievers) is given to those (believers) who are fought against, because they have been wronged and surely, Allah is Able to give them (believers) victory" [Quran 22:39]

"Those who believe, fight in the Cause of Allah, and those who disbelieve, fight in the cause of Taghut (anything worshipped other than Allah e.g. Satan). So fight you against the friends of Satan; ever feeble is indeed the plot of Satan."[Quran 4:76]

Some American writers have published articles under the title 'On what basis are we fighting?' These articles have generated a number of responses, some of which adhered to the truth and were based on Islamic Law, and others which have not. Here we wanted to outline the truth - as an explanation and warning - hoping for Allah's reward, seeking success and support from Him.

While seeking Allah's help, we form our reply based on two questions directed at the Americans:

(Q1) Why are we fighting and opposing you?\ (Q2) What are we calling you to, and what do we want from you?

As for the first question: Why are we fighting and opposing you? The answer is very simple:

(1) Because you attacked us and continue to attack us.

a) You attacked us in Palestine:

(i) Palestine, which has sunk under military occupation for more than 80 years. The British handed over Palestine, with your help and your support, to the Jews, who have occupied it for more than 50 years; years overflowing with oppression, tyranny, crimes, killing, expulsion, destruction and devastation. The creation and continuation of Israel is one of the greatest crimes, and you are the leaders of its criminals. And of course there is no need to explain and prove the degree of American support for Israel. The creation of Israel is a crime which must be erased. Each and every person whose hands have become polluted in the contribution towards this crime must pay its*price, and pay for it heavily.

(ii) It brings us both laughter and tears to see that you have not yet tired of repeating your fabricated lies that the Jews have a historical right to Palestine, as it was promised to them in the Torah. Anyone who disputes with them on this alleged fact is accused of anti-semitism. This is one of the most fallacious, widely-circulated fabrications in history. The people of Palestine are pure Arabs and original Semites. It is the Muslims who are the inheritors of Moses (peace be upon him) and the inheritors of the real Torah that has not been changed. Muslims believe in all of the Prophets, including Abraham, Moses, Jesus and Muhammad, peace and blessings of Allah be upon them all. If the followers of Moses have been promised a right to Palestine in the Torah, then the Muslims are the most worthy nation of this.

When the Muslims conquered Palestine and drove out the Romans, Palestine and Jerusalem returned to Islaam, the religion of all the Prophets peace be upon them. Therefore, the call to a historical right to Palestine cannot be raised against the Islamic Ummah that believes in all the Prophets of Allah (peace and blessings be upon them) - and we make no distinction between them.

(iii) The blood pouring out of Palestine must be equally revenged. You must know that the Palestinians do not cry alone; their women are not widowed alone; their sons are not orphaned alone.

(b) You attacked us in Somalia; you supported the Russian atrocities against us in Chechnya, the Indian oppression against us in Kashmir, and the Jewish aggression against us in Lebanon.

(c) Under your supervision, consent and orders, the governments of our countries which act as your agents, attack us on a daily basis;

(i) These governments prevent our people from establishing the Islamic Shariah, using violence and lies to do so.

(ii) These governments give us a taste of humiliation, and places us in a large prison of fear and subdual.

(iii) These governments steal our Ummah's wealth and sell them to you at a paltry price.

(iv) These governments have surrendered to the Jews, and handed them most of Palestine, acknowledging the existence of their state over the dismembered limbs of their own people.

(v) The removal of these governments is an obligation upon us, and a necessary step to free the Ummah, to make the Shariah the supreme law and to regain Palestine. And our fight against these governments is not separate from out fight against you.

(d) You steal our wealth and oil at paltry prices because of you international influence and military threats. This theft is indeed the biggest theft ever witnessed by mankind in the history of the world.

(e) Your forces occupy our countries; you spread your military bases throughout them; you corrupt our lands, and you besiege our sanctities, to protect the security of the Jews and to ensure the continuity of your pillage of our treasures.

(f) You have starved the Muslims of Iraq, where children die every day. It is a wonder that more than 1.5 million Iraqi children have died as a result of your sanctions, and you did not show concern. Yet when 3000 of your people died, the entire world rises and has not yet sat down.

(g) You have supported the Jews in their idea that Jerusalem is their eternal capital, and agreed to move your embassy there. With your help and under your protection, the Israelis are planning to destroy the Al-Aqsa mosque. Under the protection of your weapons, Sharon entered the Al-Aqsa mosque, to pollute it as a preparation to capture and destroy it.

(2) These tragedies and calamities are only a few examples of your oppression and aggression against us. It is commanded by our religion and intellect that the oppressed have a right to return the aggression. Do not await anything from us but Jihad, resistance and revenge. Is it in any way rational to expect that after America has attacked us for more than half a century, that we will then leave her to live in security and peace?!!

(3) You may then dispute that all the above does not justify aggression against civilians, for crimes they did not commit and offenses in which they did not partake:

(a) This argument contradicts your continuous repetition that America is the land of freedom, and its leaders in this world. Therefore, the American people are the ones who choose their government by way of their own free will; a choice which stems from their agreement to its policies. Thus the American people have chosen, consented to, and affirmed their support for the Israeli oppression of the Palestinians, the occupation and usurpation of their land, and its continuous killing, torture, punishment and expulsion of the Palestinians. The American people have the ability and choice to refuse the policies of their Government and even to change it if they want.

(b) The American people are the ones who pay the taxes which fund the planes that bomb us in Afghanistan, the tanks that strike and destroy our homes in Palestine, the armies which occupy our lands in the Arabian Gulf, and the fleets which ensure the blockade of Iraq. These tax dollars are given to Israel for it to continue to attack us and penetrate our lands. So the American people are the ones who fund the attacks against us, and they are the ones who oversee the expenditure of these monies in the way they wish, through their elected candidates.

(c) Also the American army is part of the American people. It is this very same people who are shamelessly helping the Jews fight against us.

(d) The American people are the ones who employ both their men and their women in the American Forces which attack us.

(e) This is why the American people cannot be not innocent of all the crimes committed by the Americans and Jews against us.

(f) Allah, the Almighty, legislated the permission and the option to take revenge. Thus, if we are attacked, then we have the right to attack back. Whoever has destroyed our villages and towns, then we have the right to destroy their villages and towns. Whoever has stolen our wealth, then we have the right to destroy their economy. And whoever has killed our civilians, then we have the right to kill theirs.

The American Government and press still refuses to answer the question:

Why did they attack us in New York and Washington?

If Sharon is a man of peace in the eyes of Bush, then we are also men of peace!!! America does not understand the language of manners and principles, so we are addressing it using the language it understands.

(Q2) As for the second question that we want to answer: What are we calling you to, and what do we want from you?

(1) The first thing that we are calling you to is Islam.

(a) The religion of the Unification of God; of freedom from associating partners with Him, and rejection of this; of complete love of Him, the Exalted; of complete submission to His Laws; and of the discarding of all the opinions, orders, theories and religions which contradict with the religion He sent down to His Prophet Muhammad (peace be upon him). Islam is the religion of all the prophets, and makes no distinction between them - peace be upon them all.

It is to this religion that we call you; the seal of all the previous religions. It is the religion of Unification of God, sincerity, the best of manners, righteousness, mercy, honour, purity, and piety. It is the religion of showing kindness to others, establishing justice between them, granting them their rights, and defending the oppressed and the persecuted. It is the religion of enjoining the good and forbidding the evil with the hand, tongue and heart. It is the religion of Jihad in the way of Allah so that Allah's Word and religion reign Supreme. And it is the religion of unity and agreement on the obedience to Allah, and total equality between all people, without regarding their colour, sex, or language.

(b) It is the religion whose book - the Quran - will remained preserved and unchanged, after the other Divine books and messages have been changed. The Quran is the miracle until the Day of Judgment. Allah has challenged anyone to bring a book like the Quran or even ten verses like it.

(2) The second thing we call you to, is to stop your oppression, lies, immorality and debauchery that has spread among you.

(a) We call you to be a people of manners, principles, honour, and purity; to reject the immoral acts of fornication, homosexuality, intoxicants, gambling's, and trading with interest.

We call you to all of this that you may be freed from that which you have become caught up in; that you may be freed from the deceptive lies that you are a great nation, that your leaders spread amongst you to conceal from you the despicable state to which you have reached.

(b) It is saddening to tell you that you are the worst civilization witnessed by the history of mankind:

(i) You are the nation who, rather than ruling by the Shariah of Allah in its Constitution and Laws, choose to invent your own laws as you will and desire. You separate religion from your policies, contradicting the pure nature which affirms Absolute Authority to the Lord and your Creator. You flee from the embarrassing question posed to you: How is it possible for Allah the Almighty to create His creation, grant them power over all the creatures and land, grant them all the amenities of life, and then deny them that which they are most in need of: knowledge of the laws which govern their lives?

(ii) You are the nation that permits Usury, which has been forbidden by all the religions. Yet you build your economy and investments on Usury. As a result of this, in all its different forms and guises, the Jews have taken control of your economy, through which they have then taken control of your media, and now control all aspects of your life making you their servants and achieving their aims at your expense; precisely what Benjamin Franklin warned you against.

(iii) You are a nation that permits the production, trading and usage of intoxicants. You also permit drugs, and only forbid the trade of them, even though your nation is the largest consumer of them.

(iv) You are a nation that permits acts of immorality, and you consider them to be pillars of personal freedom. You have continued to sink down this abyss from level to level until incest has spread amongst you, in the face of which neither your sense of honour nor your laws object.

Who can forget your President Clinton's immoral acts committed in the official Oval office? After that you did not even bring him to account, other than that he 'made a mistake', after which everything passed with no punishment. Is there a worse kind of event for which your name will go down in history and remembered by nations?

(v) You are a nation that permits gambling in its all forms. The companies practice this as well, resulting in the investments becoming active and the criminals becoming rich.

(vi) You are a nation that exploits women like consumer products or advertising tools calling upon customers to purchase them. You use women to serve passengers, visitors, and strangers to increase your profit margins. You then rant that you support the liberation of women.

(vii) You are a nation that practices the trade of sex in all its forms, directly and indirectly. Giant corporations and establishments are established on this, under the name of art, entertainment, tourism and freedom, and other deceptive names you attribute to it.

(viii) And because of all this, you have been described in history as a nation that spreads diseases that were unknown to man in the past. Go ahead and boast to the nations of man, that you brought them AIDS as a Satanic American Invention.

(xi) You have destroyed nature with your industrial waste and gases more than any other nation in history. Despite this, you refuse to sign the Kyoto agreement so that you can secure the profit of your greedy companies and*industries.

(x) Your law is the law of the rich and wealthy people, who hold sway in their political parties, and fund their election campaigns with their gifts. Behind them stand the Jews, who control your policies, media and economy.

(xi) That which you are singled out for in the history of mankind, is that you have used your force to destroy mankind more than any other nation in history; not to defend principles and values, but to hasten to secure your interests and profits. You who dropped a nuclear bomb on Japan, even though Japan was ready to negotiate an end to the war. How many acts of oppression, tyranny and injustice have you carried out, O callers to freedom?

(xii) Let us not forget one of your major characteristics: your duality in both manners and values; your hypocrisy in manners and principles. All*manners, principles and values have two scales: one for you and one for the others.

(a)The freedom and democracy that you call to is for yourselves and for white race only; as for the rest of the world, you impose upon them your monstrous, destructive policies and Governments, which you call the 'American friends'. Yet you prevent them from establishing democracies. When the Islamic party in Algeria wanted to practice democracy and they won the election, you unleashed your agents in the Algerian army onto them, and to attack them with tanks and guns, to imprison them and torture them - a new lesson from the 'American book of democracy'!!!

(b)Your policy on prohibiting and forcibly removing weapons of mass destruction to ensure world peace: it only applies to those countries which you do not permit to possess such weapons. As for the countries you consent to, such as Israel, then they are allowed to keep and use such weapons to defend their security. Anyone else who you suspect might be manufacturing or keeping these kinds of weapons, you call them criminals and you take military action against them.

(c)You are the last ones to respect the resolutions and policies of International Law, yet you claim to want to selectively punish anyone else who does the same. Israel has for more than 50 years been pushing UN resolutions and rules against the wall with the full support of America.

(d)As for the war criminals which you censure and form criminal courts for - you shamelessly ask that your own are granted immunity!! However, history will not forget the war crimes that you committed against the Muslims and the rest of the world; those you have killed in Japan, Afghanistan, Somalia, Lebanon and Iraq will remain a shame that you will never be able to escape. It will suffice to remind you of your latest war crimes in Afghanistan, in which densely populated innocent civilian villages were destroyed, bombs were dropped on mosques causing the roof of the mosque to come crashing down on the heads of the Muslims praying inside. You are the ones who broke the agreement with the Mujahideen when they left Qunduz, bombing them in Jangi fort, and killing more than 1,000 of your prisoners through suffocation and thirst. Allah alone knows how many people have died by torture at the hands of you and your agents. Your planes remain in the Afghan skies, looking for anyone remotely suspicious.

(e)You have claimed to be the vanguards of Human Rights, and your Ministry of Foreign affairs issues annual reports containing statistics of those countries that violate any Human Rights. However, all these things vanished when the Mujahideen hit you, and you then implemented the methods of the same documented governments that you used to curse. In America, you captured thousands the Muslims and Arabs, took them into custody with neither reason, court trial, nor even disclosing their names. You issued newer, harsher laws.

What happens in Guatanamo is a historical embarrassment to America and its values, and it screams into your faces - you hypocrites, "What is the value of your signature on any agreement or treaty?"

(3) What we call you to thirdly is to take an honest stance with yourselves - and I doubt you will do so - to discover that you are a nation without principles or manners, and that the values and principles to you are something which you merely demand from others, not that which you yourself must adhere to.

(4) We also advise you to stop supporting Israel, and to end your support of the Indians in Kashmir, the Russians against the Chechens and to also cease supporting the Manila Government against the Muslims in Southern Philippines.

(5) We also advise you to pack your luggage and get out of our lands. We desire for your goodness, guidance, and righteousness, so do not force us to send you back as cargo in coffins.

(6) Sixthly, we call upon you to end your support of the corrupt leaders in our countries. Do not interfere in our politics and method of education. Leave us alone, or else expect us in New York and Washington.

(7) We also call you to deal with us and interact with us on the basis of mutual interests and benefits, rather than the policies of sub dual, theft and occupation, and not to continue your policy of supporting the Jews because this will result in more disasters for you.

If you fail to respond to all these conditions, then prepare for fight with the Islamic Nation. The Nation of Monotheism, that puts complete trust on Allah and fears none other than Him. The Nation which is addressed by its Quran with the words: "Do you fear them? Allah has more right that you should fear Him if you are believers. Fight against them so that Allah will punish them by your hands and disgrace them and give you victory over them and heal the breasts of believing people. And remove the anger of their (believers') hearts. Allah accepts the repentance of whom He wills. Allah is All-Knowing, All-Wise." [Quran9:13-1]

The Nation of honour and respect:

"But honour, power and glory belong to Allah, and to His Messenger (Muhammad- peace be upon him) and to the believers." [Quran 63:8]

"So do not become weak (against your enemy), nor be sad, and you will be*superior ( in victory )if you are indeed (true) believers" [Quran 3:139]

The Nation of Martyrdom; the Nation that desires death more than you desire life:

"Think not of those who are killed in the way of Allah as dead. Nay, they are alive with their Lord, and they are being provided for. They rejoice in what Allah has bestowed upon them from His bounty and rejoice for the sake of those who have not yet joined them, but are left behind (not yet martyred) that on them no fear shall come, nor shall they grieve. They rejoice in a grace and a bounty from Allah, and that Allah will not waste the reward of the believers." [Quran 3:169-171]

The Nation of victory and success that Allah has promised:

"It is He Who has sent His Messenger (Muhammad peace be upon him) with guidance and the religion of truth (Islam), to make it victorious over all other religions even though the Polytheists hate it." [Quran 61:9]

"Allah has decreed that 'Verily it is I and My Messengers who shall be victorious.' Verily Allah is All-Powerful, All-Mighty." [Quran 58:21]

The Islamic Nation that was able to dismiss and destroy the previous evil Empires like yourself; the Nation that rejects your attacks, wishes to remove your evils, and is prepared to fight you. You are well aware that the Islamic Nation, from the very core of its soul, despises your haughtiness and arrogance.

If the Americans refuse to listen to our advice and the goodness, guidance and righteousness that we call them to, then be aware that you will lose this Crusade Bush began, just like the other previous Crusades in which you were humiliated by the hands of the Mujahideen, fleeing to your home in great silence and disgrace. If the Americans do not respond, then their fate will be that of the Soviets who fled from Afghanistan to deal with their military defeat, political breakup, ideological downfall, and economic bankruptcy.

This is our message to the Americans, as an answer to theirs. Do they now know why we fight them and over which form of ignorance, by the permission of Allah, we shall be victorious?

@ 90c656ff:9383fd4e

Since its emergence in 2009, Bitcoin has generated a wide range of success and failure stories. Some of these stories feature people who invested early and reaped the rewards of their foresight, while others highlight the ups and downs that define Bitcoin’s highly volatile market. Over the years, many of these cases have become iconic—serving as both inspiration and cautionary tales for newcomers.

Success stories

01 - Laszlo Hanyecz – The 10,000 Bitcoin Pizza

One of the most legendary stories in Bitcoin’s history involves Laszlo Hanyecz, a programmer from Florida. In 2010, he paid 10,000 bitcoins for two pizzas. At the time, the value was negligible, and the transaction went largely unnoticed. In retrospect, however, those 10,000 bitcoins would be worth hundreds of millions of dollars today.

Though Hanyecz didn’t become rich from this transaction, the story of the “10,000 bitcoin pizza” has become a symbol of Bitcoin’s extraordinary rise in value—and a reminder of how even small holdings in the early days could have been life-changing.

02 - Michael Saylor and MicroStrategy

Michael Saylor, CEO of MicroStrategy, made headlines in 2020 by transforming his company into the first major corporation to invest heavily in Bitcoin. Purchasing over 100,000 bitcoins as a treasury reserve, Saylor positioned Bitcoin as a strategic hedge against inflation and fiat currency devaluation.

Initially met with skepticism, Saylor’s decision turned out to be highly profitable as Bitcoin’s price soared. His bold move inspired other corporations and institutional investors to consider Bitcoin, and he remains one of the cryptocurrency’s most vocal advocates in the business world.

Failure Stories

01 - James Howells – The Lost 8,000 Bitcoins

James Howells, an IT professional from Wales, accidentally discarded a hard drive in 2013 containing the private keys to 8,000 mined bitcoins—worth only a few thousand pounds at the time. As Bitcoin's value skyrocketed, he attempted to recover the drive from a landfill, but was denied permission by local authorities.

This story has become a powerful lesson in crypto security and the consequences of lost private keys. Despite multiple campaigns to dig up the landfill, the bitcoins remain unrecovered.

02 - Mt. Gox Collapse – The Fall of a Giant

At its peak, Mt. Gox was the largest Bitcoin exchange in the world. In 2014, it collapsed after losing about 850,000 bitcoins—worth over $450 million at the time—due to hacking, internal security failures, and poor management.

The exchange’s failure devastated thousands of investors and highlighted the vulnerabilities in early crypto infrastructure. Though some funds were later recovered, the Mt. Gox disaster remains one of Bitcoin’s darkest moments and a turning point for the push toward greater security and transparency in the crypto industry.

• The impact of volatility and adoption

These stories reflect the unpredictable and high-risk nature of the Bitcoin market. The same volatility that has made millionaires has also led to substantial losses. While some view Bitcoin as a path to financial freedom and a hedge against inflation, others have suffered from poor planning, mismanagement, or unfortunate timing.

Bitcoin’s growing adoption, especially in emerging markets and among institutional players and shows its increasing legitimacy, as an alternative to traditional finance. However, exchange failures and lost fortunes underscore the need for robust infrastructure, personal responsibility, and long-term thinking.

In summary, success and failure are two sides of the same coin in the world of Bitcoin. From life-changing gains to heartbreaking losses, these stories illustrate the risks and rewards of participating in a young and volatile market. Whether as a cautionary tale or a source of inspiration, they emphasize the importance of education, security, and strategy for anyone engaging with this revolutionary form of money.

Thank you very much for reading this far. I hope everything is well with you, and sending a big hug from your favorite Bitcoiner maximalist from Madeira. Long live freedom!

@ 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.

---

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

@ 005bc4de:ef11e1a2

LUV and Hivebits/HBIT/Wusang pause tl;dr LUV and HBIT (aka, Hivebits and the Wusang game) are on a pause at the moment, taking a break. https://files.peakd.com/file/peakd-hive/crrdlx/23x1SY8Vx8j1mVGnDFtq7ebuzKNGd8K9Ssex51AEerxks1VYikxGPShM7bjNhmSrEZ2wf.png Image from pixabay.com Why? There are odd things going on. I have a theory, but here's what is known... May 28, 2025, at about 1:30 pm GMT (8:30 AM EDT), a second attack (for lack of better term) hit HBIT in about a week. It seemed to start with @tyler45 with this comment https://peakd.com/blog/@tyler45/comment-20250528125108033 tx: https://he.dtools.dev/tx/7e7d4126196ca5b6dbe0a04dcded0e25d3bcc7f4 See tyler45's activity at https://he.dtools.dev/@tyler45 Notice the reply and WUSANG command is to a post by @olivia897 and how many of the other WUSANG comments on the explorer are in reply to olivia897. It seems these are all auto-generated accounts. The names and "birthdates" and interactions all point to automation. Once initiated, things happened very fast on the back end, clearly not being done manually. In this way, this seems rather sophisticated technically. I estimate just over 400 HBIT were pilfered the other day from the @Hivebits account before I noticed and was able to shut things down. Just for a little background, after the first attack May 21, 2025. I wrote a small bit of info: https://peakd.com/hivebits/@crrdlx/hbit-resource-credits A couple of days ago this post by @holoz0r was interesting: https://peakd.com/hive-133987/@holoz0r/text-analytics-reveal-thirty-two-percent-of-comments-on-hive-are-not-unique-and-at-least-ten-percent-add-no-value-to-discussion The thing that caught my eye was that the WUSANG comment was the largest by far, along with BBH (hello @bradleyarrow), because the attackers used both commands. Then, a few days later, things happened again: sudden start, repetitive bot attack, until I shut things down. So, a pause This is a period in my personal calendar where I simply don't have time to sit down at a computer for an extended period and try fiddle with this stuff. So, for now @Luvshares and @Hivebits (HBIT) and the @Wusang game are on hold. Plus, there's other fun stuff to do. https://files.peakd.com/file/peakd-hive/crrdlx/AJL43SREA1EuyqPXhydmqaq1RHhRVoYd12PfiBN5vDMu2WSKUtGeYWgKJyuRwV8.jpg I go by @crrdlx or "CR" for short. See all my links or contact info at https://linktr.ee/crrdlx.

Originally posted on Hive at https://peakd.com/@crrdlx/luv-and-hivebitshbitwusang-pause

Auto cross-post via Hostr v0.1.48 (br) at https://hostr-home.vercel.app

@ 90c656ff:9383fd4e

Since its launch in 2009, Bitcoin has attracted the attention of a wide range of investors and visionaries who believe in its potential to revolutionize the global financial system. Over the years, several figures have stood out within the movement—either as pioneers who helped build it or as investors who bet on its future. These individuals have played crucial roles in Bitcoin's development, its growing adoption, and its legitimacy in financial markets.

• Satoshi Nakamoto

The most significant Bitcoin pioneer is undoubtedly its creator, Satoshi Nakamoto. Although the name is a pseudonym, Nakamoto's contribution to the creation and launch of Bitcoin was foundational. In 2008, Nakamoto published the famous whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency that could operate without the need for a central authority like a bank. In 2009, he released the Bitcoin software and mined the first block of the blockchain—the “genesis block.”

Nakamoto remained a mysterious figure and gradually withdrew from public involvement around 2011, leaving the project in the hands of a growing community of developers. Though his identity remains unknown, his impact on ushering in a new digital era is undeniable.

• Hal Finney

Hal Finney was one of Nakamoto’s earliest collaborators and is widely known as the first person to receive a Bitcoin transaction. In January 2009, he received 10 bitcoins from Nakamoto as part of an early test, becoming one of the first believers in the project. Finney, a respected programmer and cryptography expert, played a vital role in Bitcoin’s early technical development and helped promote it within the digital privacy community.

He was a dedicated advocate for decentralized technologies and supported Bitcoin until his death in 2014. Finney is remembered as a key pioneer of digital currency.

• Roger Ver

Known as “Bitcoin Jesus,” Roger Ver was one of the first investors and outspoken advocates for Bitcoin. Captivated by the idea of decentralized money, Ver made early investments in various Bitcoin-related startups and projects. He quickly recognized Bitcoin’s disruptive potential and became a leading voice promoting its adoption as a payment method and financial tool.

Ver was instrumental in creating companies and initiatives that supported Bitcoin's early ecosystem. Although he later became a controversial figure—due to his advocacy for Bitcoin Cash as an alternative to the original Bitcoin blockchain—his contributions to Bitcoin's early popularity remain significant.

• Tim Draper

Tim Draper is one of the most prominent venture capitalists in the Bitcoin space. In 2014, he famously purchased nearly 30,000 bitcoins from a U.S. government auction, following the shutdown of the Silk Road marketplace. Draper paid approximately $19 million for the coins and has since become a public advocate for Bitcoin as a viable alternative to fiat currencies.

As the founder of Draper Associates, he is known for his long-term vision and conviction in the potential of cryptocurrencies. Draper frequently promotes Bitcoin as a tool for democratizing finance and anticipates its mass adoption in the coming years.

• Michael Saylor

Michael Saylor, CEO of MicroStrategy, is a leading figure in institutional Bitcoin adoption. In 2020, he made headlines by purchasing over 100,000 bitcoins for his company—making MicroStrategy the first publicly traded company to adopt Bitcoin as a treasury reserve asset. Saylor has since become a vocal proponent of Bitcoin as a hedge against inflation and a superior store of value compared to fiat money.

His bold move has helped legitimize Bitcoin in the corporate world and inspired other companies to follow suit. Saylor continues to assert that Bitcoin is the future of finance and that MicroStrategy’s strategy serves as a model for corporate treasury management in the digital age.

In summary, the pioneers and investors who helped grow and promote Bitcoin have played essential roles in the evolution of this disruptive technology. From the enigmatic Satoshi Nakamoto to key figures like Hal Finney, Roger Ver, Tim Draper, and Michael Saylor, Bitcoin has been shaped by individuals with a unique vision for the future of money and financial freedom. Through their belief and perseverance, they helped lay the foundation for Bitcoin’s global adoption—transforming it from a radical idea into a revolutionary force in the financial system. While Bitcoin’s future will depend on its continued innovation and broader adoption, the contributions of these early leaders are undeniable.

Thank you very much for reading this far. I hope everything is well with you, and sending a big hug from your favorite Bitcoiner maximalist from Madeira. Long live freedom!

@ 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

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

@ 8bad92c3:ca714aa5

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

Get our new STACK SATS hat - via tftcmerch.io

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

---

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---

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...

Building things of value is satisfying.

---

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@ 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.

---

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

@ 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

@ 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.

---

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

@ 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

@ 805b8139:823180b0

Bitcoin Circular Economy in Africa

https://btch17n.layer3.press/articles/9ec7208a-5bd6-4b32-9e1e-24f1aa4b1ca2

@ 8d34bd24:414be32b

Many people today believe that the church has replaced Israel and that the promises given to Israel now apply to the church. When we say this, we are calling God a liar.

Can you imagine a groom promising to love and cherish his wife until death do they part and then saying, “I’m keeping my promise by loving and cherishing a new and different wife.”? We would never consider that man to be honest, faithful, and good. If God promised to protect and guide Israel, to have a descendant of David on the throne, and to give them the land, we can only trust Him if He fulfills these promises.

When we say the church has replaced Israel, we make two mistakes. We raise up the church beyond what is right and we put down Israel. We need to be careful because God promised Abraham:

“And I will bless those who bless you, And the one who curses you I will curse. And in you all the families of the earth will be blessed.” (Genesis 12:3)

and He reiterated this promise to Israel during the Exodus:

“He couches, he lies down as a lion,\ And as a lion, who dares rouse him?\ Blessed is everyone who blesses you [Israel],\ And cursed is everyone who curses you [Israel].” (Numbers 24:9) {clarification mine}

When we curse Israel or the Jews, we will be under God’s curse. Now this does not mean that every criticism of a particular action by Israel’s leaders brings a curse. Today’s nation of Israel is led by fallible men like every other nation, so there are mistakes made or corruption by particular leaders. It does, however, mean that generalizations against Israel and the Jews are wrong and of Satan.

Paul specifically warned the church against thinking they had replaced Israel in God’s blessing and love.

If the first piece of dough is holy, the lump is also; and if the root is holy, the branches are too.

But if some of the branches were broken off, and you, being a wild olive, were grafted in among them and became partaker with them of the rich root of the olive tree, do not be arrogant toward the branches; but if you are arrogant, remember that it is not you who supports the root, but the root supports you. You will say then, “Branches were broken off so that I might be grafted in.” Quite right, they were broken off for their unbelief, but you stand by your faith. Do not be conceited, but fear; for if God did not spare the natural branches, He will not spare you, either. Behold then the kindness and severity of God; to those who fell, severity, but to you, God’s kindness, if you continue in His kindness; otherwise you also will be cut off. And they also, if they do not continue in their unbelief, will be grafted in, for God is able to graft them in again. For if you were cut off from what is by nature a wild olive tree, and were grafted contrary to nature into a cultivated olive tree, how much more will these who are the natural branches be grafted into their own olive tree?

For I do not want you, brethren, to be uninformed of this mystery—so that you will not be wise in your own estimation—that a partial hardening has happened to Israel until the fullness of the Gentiles has come in; and so all Israel will be saved; just as it is written,

“The Deliverer will come from Zion,\ He will remove ungodliness from Jacob.”\ “This is My covenant with them,\ When I take away their sins.” *From the standpoint of the gospel they are enemies for your sake, but from the standpoint of God’s choice they are beloved for the sake of the fathers*; for the gifts and the calling of God are irrevocable**. For just as you once were disobedient to God, but now have been shown mercy because of their disobedience, so these also now have been disobedient, that because of the mercy shown to you they also may now be shown mercy. For God has shut up all in disobedience so that He may show mercy to all. (Romans 11:16-32) {emphasis mine}

Paul warns that although the Jews were pruned away due to rejection of Him and gentiles were grafted into Him by faith, if we reject God’s word, we can be pruned away and if the Jews return to Jesus, they can be grafted back in. He predicts that the Jews will return. “…that a partial hardening has happened to Israel until the fullness of the Gentiles has come in; and so all Israel will be saved.” He also says regarding Israel that “the gifts and the calling of God are irrevocable.” Yes, Israel rejected Jesus and was punished for doing so, but they will be called back to God and trust in their Messiah, Jesus. In the end, all the promises of God to Abraham, Jacob, David, and others regarding Israel, will be brought to complete fulfillment.

Both the Old and New Testaments talk about Israel being punished for rejecting God and their Messiah, but that, after the time of the Gentiles, they will be called back to Him.

and they will fall by the edge of the sword, and will be led captive into all the nations; and Jerusalem will be trampled under foot by the Gentiles until the times of the Gentiles are fulfilled. (Luke 21:24)

After Daniel had been in prayer and repentance for the sins of Israel, the angel Gabriel came with this prophecy about Israel.

“Seventy weeks have been decreed for your people and your holy city, to finish the transgression, to make an end of sin, to make atonement for iniquity, to bring in everlasting righteousness, to seal up vision and prophecy and to anoint the most holy place. So you are to know and discern that from the issuing of a decree to restore and rebuild Jerusalem until Messiah the Prince there will be seven weeks and sixty-two weeks; it will be built again, with plaza and moat, even in times of distress. Then after the sixty-two weeks the Messiah will be cut off and have nothing, and the people of the prince who is to come will destroy the city and the sanctuary. And its end will come with a flood; even to the end there will be war; desolations are determined. (Daniel 9:24-26)

In this prophecy, the prediction of 69 weeks (literally sevens, but meaning groups of 7 years) from the decree to rebuild Jerusalem (by Artaxerxes) to the Messiah was fulfilled to the day when Jesus rode into Jerusalem on a donkey on Palm Sunday.

I always thought it strange that the prophecy predicted 70 sevens and that there was the first 69 sevens (483 years), then \~2,000 years where nothing happens, and then comes the final seven — the Great Tribulation. It didn’t make sense until I realized, the 70 sevens referred to the years of Israel. The time of the gentiles intervenes between the 69th and 70th sevens. This delay happened due to Israel rejecting their Messiah.

When He approached Jerusalem, He saw the city and wept over it, saying, “If you had known in this day, even you, the things which make for peace! But now they have been hidden from your eyes. For the days will come upon you when your enemies will throw up a barricade against you, and surround you and hem you in on every side, and they will level you to the ground and your children within you, and they will not leave in you one stone upon another, because you did not recognize the time of your visitation.” (Luke 19:41-44)

We are now in the time of the Gentiles, the church age, the intermission in the story of Israel. After the church is raptured, the story will return to Israel. The Jews (at least many of them) will finally accept their Messiah. They will suffer through the Tribulation while witnessing to the world and then God will finally fully fulfill His promises to Israel through the Millennial kingdom.

Alas! for that day is great,\ There is none like it;\ And it is the time of Jacob’s distress,\ But he will be saved from it.

‘It shall come about on that day,’ declares the Lord of hosts, ‘that I will break his yoke from off their neck and will tear off their bonds; and strangers will no longer make them their slaves. But they shall serve the Lord their God and David their king, whom I will raise up for them.

Fear not, O Jacob My servant,’ declares the Lord,\ ‘And do not be dismayed, O Israel;\ For behold, I will save you from afar\ And your offspring from the land of their captivity.\ And Jacob will return and will be quiet and at ease,\ And no one will make him afraid.\ For I am with you,’ declares the Lord, ‘to save you;\ For I will destroy completely all the nations where I have scattered you,\ Only I will not destroy you completely.\ But I will chasten you justly\ And will by no means leave you unpunished.’ \ (Jeremiah 30:7-11) {emphasis mine}

Jacob’s distress is the final Tribulation. The 144,000 Jewish witnesses will be saved through the whole Tribulation. Others may become saved and die a martyrs death, but they will then be brought into the millennial kingdom where the Messiah will fill the throne of David and Israel will reach from the River to the Sea.

The Jews have already been saved “from afar, and your offspring from the land of their captivity” with the recreation of Israel in 1947 and the continual return of Jews to their homeland.

God is working to fulfill His promises to Israel and His work is nearly complete.

“O Jacob My servant, do not fear,” declares the Lord, “For I am with you. For I will make a full end of all the nations where I have driven you, Yet I will not make a full end of you; But I will correct you properly And by no means leave you unpunished.” (Jeremiah 46:28)

God promises a “full end of all the nations where I have driven you.” Those nations and people who try to destroy Israel will be destroyed. As Christians we should love what God loves, and despite Israel’s repeated betrayals, God still loves Israel, so we should, too.

May the God of heaven give us a right view of Israel. May we see them as God sees them. May God use us to share the Gospel in such a way as to lead to a harvest of Jews for the Kingdom of God. To God be the glory!

Trust Jesus

@ 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

@ 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.

---

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

@ 9ca447d2:fbf5a36d

Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.

The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

According to the company, the offering is expected to close by the end of May, pending standard closing conditions.

Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.

“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”

He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.

“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.

The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.

TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.

Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.

Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.

The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.

Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today

Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.

Trump Media’s official announcement

This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.

President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”

Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.

These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.

But not everyone is happy.

Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.

Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.

@ 3c7dc2c5:805642a8

🧠Quote(s) of the week:

Fred Krueger: 'Generally, people overanalyze too much. Bitcoin is amazing tech. It works. It has been the top-performing asset in 13 of the last 15 years. Stop with the analysis. Buy it. Don't trade it. Don't look for "entry points". And don't do a 1% allocation either. Grow a pair.'

🧡Bitcoin news🧡

Money. Time. Energy. You only get to pick two… Unless you’re a Bitcoiner. https://i.ibb.co/1Gw9BJdB/Gqspxqd-Xg-AAw03e.jpg

On the 19th of May.

➡️ El Salvador is $357 million in profit on Bitcoin holdings.

➡️Metaplanet ended Monday as Japan's 9th most traded stock, with ¥61.69B ( $425M) daily volume, surpassing Toyota, SoftBank, and Nintendo.

➡️Circle $USDC in "informal talks" to sell itself to Coinbase or Ripple, Fortune reports. WhalePanda: "Imagine running a $60 billion stablecoin in such an incompetent way you can't even turn a decent profit and desperately have to sell."

➡️Panama introduces a bill to allow citizens to buy, sell, and accept Bitcoin freely anywhere in the country.

On the 20th of May:

➡️https://i.ibb.co/v61tLVTc/Grk-OL6x-Ws-AAIGum.jpg

Tick Tock next block, but it seems like we are right on schedule. Bitcoin is doing exactly what it was designed to do.

➡️BTC just hit a new ATH in Argentina Weak currencies first. Then all of them.

➡️ThumzUp Media officially files to raise $500m to buy Bitcoin as a treasury reserve asset.

➡️Indonesian fintech DigiAsia's stock surges over 90% after announcing plans to raise $100M for a Bitcoin treasury.

➡️River: America’s story began with sound money. Hard-working Americans saved their wealth in gold-backed money. Today, Bitcoin carries that torch forward.

https://i.ibb.co/zTFLqMjC/Grpd4lm-WAAAq-W7m.png

Insane stat! Bitcoin is now the people's money. Imagine the price when nation-states get on board.

The US government is outpacing global rivals like China by embracing Bitcoin. The federal government's Bitcoin holdings now represent twice its global market share of gold reserves.

Worth the read: https://blog.river.com/american-bitcoin-advantage/

'In this report, you'll learn about: - Why Bitcoin is an underestimated pillar of American dominance. - America’s lead in Bitcoin businesses, institutions, development, and policy. - Bitcoin's emergence as America’s reserve asset.'

Ergo: America is the dominant Bitcoin player in just about every dimension: investment, government reserves, development, institutional embrace, supportive policy, and mining.

➡️Texas Bitcoin Reserve bill SB 21 will be considered on the second reading in the House this morning. Note: the Texas Constitution requires that second and third readings be conducted on separate days. If it passes today, then the final vote could be tomorrow

➡️Bitcoin accumulation trends signal bullishness with smallholders (<1 BTC) accelerating accumulation (score ~0.55), and whales (100-10K BTC) aggressively buying. Source: Glassnode

➡️French company The Blockchain Group raises €8.6 million to buy more Bitcoin. Press release

➡️Chinese printer manufacturer Procolored unknowingly distributed Bitcoin-stealing malware through its official device drivers, resulting in 9.3 BTC ($950K) stolen from users.

https://x.com/MistTrack_io/status/1924411803540590728

➡️Bitmine launches its Bitcoin Treasury Advisory Practice with a $4M deal, including $3.2M for leasing 3K Bitcoin miners and an $800K consulting agreement

➡️Bitcoin's correlation to gold is at its lowest since February 2025, per Glassnode data.

➡️UK-listed Smarter Web Company adds 16.42 BTC to its treasury at an average price of $104,202. Total Holdings: 35.62 BTC The Smarter Web Company is stacking with conviction—building a treasury designed for the long term.

On the 21st of May:

➡️Vivek's Strive Asset Management looking to buy up to 75,000 Bitcoin from Mt. Gox claims at a discount to build a Bitcoin treasury.

➡️Bitcoin is $1k from an all-time high and the Google Trends chart looks like this. https://i.ibb.co/qYLb7j6C/Gra6-BSd-Xo-AATN2-A.jpg

On the 22nd of May:

Happy Pizza Day! 15 years ago today Laszlo Hanyecz bought 2 pizzas for 10,000 Bitcoin. That Bitcoin is now worth $1.2 BILLION.

Will Baxter: "But how did he get that much bitcoin? Well, there’s a lot more to Laszlo's story than those pizzas. Here are four facts about him most people don’t know (the last one blew my mind): 1. Laszlo, a Mac developer, discovered bitcoin in 2010. After realizing that Bitcoin only ran on Windows, he took it upon himself to port it to Mac OS. He built and released the first bitcoin client for Mac making it accessible to more users. 2. In its earliest days, bitcoin could be mined with just a CPU, something that every computer has. But Laszlo had other plans. In mid-2010, he released a solution that would allow users to mine with their GPUs. Laszlo is single-handedly responsible for ushering in the era of GPU mining which massively increased Bitcoin’s total hashrate. 3. By being one of the early adopters of GPU mining, Laszlo enjoyed a massive jump in mining efficiency and hashrate, which meant that he was able to mine a lot of blocks. In total, Laszlo’s Bitcoin wallets received more than 80,000 BTC over the first few months of the GPU mining era. It’s estimated that Laszlo mined well over 100,000 BTC in Bitcoin’s early days. 4. Laszlo has single-handedly mined more Bitcoin than any publicly listed Bitcoin mining company. As an example, MARA, the largest publicly traded Bitcoin miner by market capitalization, has mined an estimated 48,000 BTC since 2018. Laszlo and his GPUs managed to mine more than twice that amount! Incredible.

➡️Pizza slice inscribed on the Bitcoin blockchain forever! Block #897813

➡️Strategy: 'Bitcoin Pizza Day at Strategy. Paid for with USD.'

Kinda disgusting. The largest Bitcoin Treasury Company is not even able to pay for pizza in Bitcoin on Bitcoin Pizza Day? Why did they even bother to buy pizza today? They show zero understanding of the meaning of Pizza Day and Bitcoin history.

Plebs all around the world are celebrating Pizza Day by "spend and replace" Bitcoin for some lovely pizzas. What is Saylor doing? He decides to use his giant megaphone to stomp all over it. "Pay with Dollars. Eat the Pizza. Keep the Bitcoin." That post rubbed me the wrong way. That’s because they are not bullish on the payment use case of Bitcoin. I have been saying all the time: that he has an agenda against the medium of exchange. This is plausible as Saylor never minced words as far as I know. His model is HODL. Spending would contradict.

Not sure if I am overreacting because of store of value for several more years will eventually lead to a Medium of Exchange Bitcoin world.

As you might already know I am not particularly a fan of the whole Bitcoin treasury - public companies.

Read the following thread why, an excellent thread on the risks of Bitcoin treasury companies by a bitcoiner.

https://x.com/lowstrife/status/1925717037915005357

➡️For the first time in history, Bitcoin is now trading above $111,000 and just surpassed $2.2 TRILLION in market cap for the first time in history. $3 Billion worth of Bitcoin shorts to be liquidated at $120,000 Small, tiny reminder. In 2021 dollars, Bitcoin hasn’t broken $100K yet. We need to hit $118K to meet that milestone. Celebrating $1 million (eventually) might not be as much fun as you think.

➡️H100 Group buys 4.39 BTC and becomes Sweden's first publicly listed #Bitcoin treasury company. After announcing its first Bitcoin purchase shares surged 37%. A small stack, big signal.

➡️Bitcoin has now surpassed both Amazon and Google to become the 5th largest asset in the world, and Bitcoin just surpassed the Taiwan Dollar and is now the 8 largest currency in the world. Nothing stops this train. https://i.ibb.co/Jj11QjkL/Grk-Ume-KXs-AAm-Xp6.jpg

➡️Michael Saylor's 'Strategy' now has a $23.8 billion unrealized profit on its Bitcoin portfolio. Meanwhile, Strategy is to sell up to $2.1 billion of 10% preferred stock.

➡️'Traditional finance consensus: "What's the use case for BTC?" Allowing Millennials to afford a home despite Boomer policymakers actively pursuing policies to prevent them from doing so Median US home price, price in BTC, 2020-today IMO, this chart is going <1 in coming yrs.' - Luke Gromen https://i.ibb.co/tpCk7HD2/Grka1-Ld-Wc-AAo-IQn.jpg

Just to give you one more perspective on this topic:

➡️Joe Consorti: US real estate has been in a 15-year bull market. But guess what? Priced in bitcoin, the average US home price has dropped from ~3 million BTC to just 4.38 BTC in 15 years. All assets are deflationary in Bitcoin terms. https://i.ibb.co/m5Nk2Yq2/Grk9d92-XUAAAwz-H.jpg

➡️Taiwanese Legislator has proposed a Bitcoin Strategic Reserve at 0.1% of GDP = $780m

➡️Chinese automaker Jiuzi Holdings to buy 1,000 Bitcoin for treasury.

➡️ 'Singapore's Genius Group buys another 24.5 Bitcoin. Now holds 85.5 Bitcoin, 1,000 BTC target confirmed.' - Bitcoin Archive

➡️Standard Chartered expects Bitcoin to hit: - Q2: $120,000 by the end of Q2 - Q4: $200,000 by late 2025 - 2028: $500,000

➡️On-Chain college: 'New ATH for Bitcoin yet realized profit is significantly lower than the last two local tops and prior cycle tops. HIGHER' https://i.ibb.co/ch0HWwWx/Grjx-GHVWo-AAd7-Wt.jpg

Not sure about that. Could be a double top.

On the 23rd of May:

➡️The Blockchain Group confirms the acquisition of 227 BTC for ~€21.2 million, the holding of a total of 847 BTC, and a ‘BTC Yield’ of 861.0% YTD Press release.

➡️The 8th largest economy in the world will start to buy Bitcoin. No one is bullish enough! Governor Abbot to sign Bitcoin Reserve bill into law! Texas to become the 3rd US state to enact an SBR!

➡️Publicly traded The Smarter Web Company bought 23.09 Bitcoin for £1.85 million for its treasury.

➡️For the love of god. Delate Coinbase or any other shitcoin casino/exchange (for example here in the Netherlands Bitvavo) and cold-Storage your Bitcoin and don’t touch them.

https://i.ibb.co/y3BmmNt/Grp-TDv-BWk-AAs7-Gh.jpg

Not your keys, not your coins.

➡️'The Russian Bitcoin mining sector now ranks first in growth rates and second in mining volume globally. The country's largest Bitcoin miners, BitRiver and Intelion, controlling over 50% of the market, generated $200M in revenue for FY2024, per RBC.' -Bitcoin News

➡️Alex Gladstein: 'Absolutely crazy Hundreds of millions of people saw their wage and savings technology lose 15%, 30%, 50%, 75%, even 90% (!) of its value last year Fiat is broken, time for a Plan ₿' https://i.ibb.co/hRZwFsPJ/Gro-s-KJXUAAh97-M.jpg

➡️Bitwise predicts nation-states and institutions will hold 4,269,000 BTC—worth $426.9B. https://i.ibb.co/RkVDmGLg/Gro6wb-VX0-AAHCT0.jpg

➡️'Metaplanet is now the #4 most traded stock in Japan, moving nearly $1B in a day—just a year after adopting #Bitcoin. From obscurity to 300x returns, this is what happens when a company runs on hard money.' -Bitcoin for Corporation

➡️TFTC: "Scammers are mailing fake "Ledger Security" letters demanding wallet validation via QR code. They spoof official branding and ask users to visit fraudulent sites."

https://i.ibb.co/nNg0JgX6/Grpd0o-BWc-AI3-Yj-Y.jpg

On the 24th of May:

➡️Bitcoin has the same number of users as the Internet had in 1999. https://i.ibb.co/1frYh4Z7/Gru2-J3-UW8-AA-05y.jpg

Now talking about that Bitcoin Adoption S-curve...

➡️Thomas Fahrer: 'Holding Bitcoin means getting rich while feeling frustrated 90% of the time. Deflationary money - designed to increase in value - forever. It's difficult for the human mind to comprehend. Most still don't get it.' https://i.ibb.co/9HwPkxK3/Grwpw-W0-W0-AEc-PSb.jpg

On the 25th of May:

➡️Pakistan allocates 2,000mw of electricity to Bitcoin mining and Ai - Bloomberg Daniel Batten: Pakistan announced 2000 MW for Bitcoin mining & AI. That's potentially ~17,000 BTC per year for an SBR. Plus, India will now have to follow. Game theory playing out. *Assuming that 50% of this is for Bitcoin mining, using latest-gen machines, 95% uptime, network hashrate is on average 1200 EH/s by the time they are complete

➡️Normally, I would write this in the segment below 🌎Macro/Geopolitics... "First signpost: DOGE failed to reduce the deficit.

Second signpost: Pushing for SLR changes to boost demand for Treasuries from domestic banks.

Third signpost: Pushing for legislation to boost demand for Treasuries from stablecoin issuers.

Fourth signpost: New spending bill estimated to increase deficit by 33% by 2027.

Fifth signpost: Bessent: "We'll grow GDP faster than the debt to stabilize debt-to-GDP."

Read below (segment 🌎Macro/Geopolitics) his full statement and my view on it.

TL;DR: Keep spending. Pass new laws and tweak regs to suppress long-end yields. Boost nominal GDP (mostly via inflation). Debase the currency. Bondholders and cash savers lose in real terms. Got Bitcoin?" -Sam Callahan

➡️Sminston With: 'There is a myth that 100% of the returns in Bitcoin only happen if you buy at the bottoms and then sell at the tops during one of the cycles. Power law quantile analysis shows otherwise; in fact, there are nearly identical growth rates (CAGR) whether you buy/sell at the bottoms (support) or around the middle (median) 52% vs 53% as of this year! Whichever trendline is followed, even if you only trade at the bottoms, the compounded annual returns of Bitcoin will be >7x of what you'd ever expect from the S&P. Ignore or try to time Bitcoin at your own risk!' https://i.ibb.co/5QHQHqF/Grzig5-BWIAAy9-Jb.jpg

On the 26th of May:

➡️Bitcoin made another weekly record close at $109,004.

➡️When BlackRock holds 1M Bitcoin and the price hits $1M... They’ll be earning $2.5B a year in fees. Every year. Forever.

➡️Florida proposes eliminating Capital Gains Tax on Bitcoin. If passed, it would make Florida the first U.S. state to offer this kind of tax relief.

➡️Strategy acquires 4,020 BTC for $427.1 million at $106,237 per Bitcoin. They now HODL 580,250 BTC acquired for $40.61 billion at $69,979 per Bitcoin.

💸Traditional Finance / Macro:

Jeroen Blokland: U.S. vs. Eurozone in the digital money age!

https://i.ibb.co/dJ3085qm/Grko80y-WMAATw-V1.jpg

On the 20th of May:

👉🏽TKL: 'Retail investors are piling into stocks: Individual investors bought a net $4.1 BILLION in US stocks on Monday between 9:30 AM and 12:30 PM ET, the biggest buy on record. This surpassed the previous high by over $1 BILLION, according to JPMorgan data. Retail investors also broke the $4 billion buying threshold by noon ET for the first time in history. Additionally, retail accounted for a record 36% of the trading volume yesterday, exceeding the previous record set in late April. This supported the S&P 500's rapid recovery from a -1.1% decline at the beginning of Monday’s session into positive territory by the close. Retail investors are driving the market.'

https://i.ibb.co/HTM721rw/Gr-Zot-Th-XMAAl-EB.jpg

To provide you with another example of why retail is driving this market. Institutional investors remain bearish of US stocks:

A net 38% of institutional investors were underweight US equities in early May, the lowest since May 2023, according to BofA. Outside of 2023, this marks the lowest allocation since the lead-up to 2008. Over the last 5 months, this percentage has fallen by ~70 points, the biggest drop on record. The difference between the proportion of investors being overweight in the Eurozone versus US equities hit a net ~75%, the highest since October 2017. By comparison, 4 months ago, the net percentage was -62 points, the lowest since 2012.

The sentiment shift among professional investors has been historic. Institutions dump U.S. stocks and flock to the Eurozone. Institutions bailing on US stocks while retail piles in - smells like a correction brewing.

🏦Banks:

On the 21st of May:

👉🏽The Federal Reserve has experienced its first back-to-back annual losses since 1915, totaling $192 billion in 2023 and 2024. The most expensive “expertise” in history.

https://i.ibb.co/zzPHp40/Gr-Xx-Hsy-WUAARd-IV.jpg

On the 23rd of May:

👉🏽'U.S. Banks U.S. Banks are currently facing $482 Billion in unrealized losses, an increase of 33% from the prior quarter. With rates now skyrocketing, these losses are going to increase. Banks, particularly small banks, are ( potentially) in trouble!!' - Barchart https://i.ibb.co/1FHmTBc/Grm-GA3-OWMAAro5k.jpg

🌎Macro/Geopolitics:

1 bar of gold

= 1 house (1975) 1 bar of gold

= 1 house (2025) Do you get it yet?

https://i.ibb.co/tTM7Kw0n/Gr-W8b-K0b-AAQvu-He.jpg

Got Bitcoin?

On the 19th of May:

👉🏽 TKL: "Risky debt issuance has stalled in the US: Low-rated US corporations have issued less than $1 billion in bonds in April, the lowest in at least 4 years. At the same time, leveraged loan issuances have reached $13 billion. High-yield corporate bonds and leveraged loan issuances are ~10 TIMES lower than during the same period last year. Leveraged loans are typically used to finance M&A, refinance debt, or general business activity, all of which are slowing down." Seems like uncertainty is really affecting everything.

👉🏽'US Treasuries are selling off: The 30-year Treasury yield surpassed 5%, for the first time since November 2023. It is now trading at the 2nd-highest level in 18 YEARS. Investors are signaling that the US public debt CRISIS is heading to a turning point.' -Global Markets Investor

👉🏽The stupidity of EU leaders knows no limits.

https://i.ibb.co/gCpMxsH/Gr-Txm-P1-Ww-AAALx-L.jpg

'Russia pumps gas 3.000 km from frozen Siberia to China through a Gazprom-owned pipeline. Meanwhile, massive Chinese LNG tankers, too enormous for the Suez Canal, sail the long route around the Cape of Good Hope just to supply Europe,filling the gap left by Russia’s fading influence. And now? Russian gas costs three times more.'

https://www.theguardian.com/environment/2025/jan/09/european-imports-of-liquefied-natural-gas-from-russia-at-record-levels

https://www.theguardian.com/world/2025/feb/24/eu-spends-more-russian-oil-gas-than-financial-aid-ukraine-report

👉🏽Klarna losses widen as more users miss payments; 100 million now on platform — FT “The fintech, which offers interest-free consumer loans to allow customers to make retail purchases, on Monday reported a net loss of $99mn for the three months to March, up from $47mn a year earlier.” https://www.ft.com/content/6c4bf393-c80b-42b7-993a-35270143f688 https://i.ibb.co/prsJNdB2/Gr-Y6-WTQXs-AAPu-Tr.png

Funny how they never learn that unsecured debt to subprime holders is a bad idea. Buy now pay later was a model destined to fail because those least capable of repaying the loans are the very people borrowing it. "100M people using Klarna and they're losing money because broke people keep defaulting on burritos"

On the 20th of May:

👉🏽As mentioned in my previous Bitcoin & Macro recap. Japan’s Prime Minister Ishiba called the current bond market situation in Japan “worse than Greece.” Shocking (not!), falling demand for long bonds in a country with a debt-to-GDP ratio of 216%.

Admitting that you’re situation is worse than Greece should horrify people. "Japan's bond market is imploding: Japan's 30Y Government Bond Yield has officially surged to its highest level in history, at 3.15%. For decades, Japan was known for low long-term interest rates. Now, they are dealing with high inflation, a shifting policy outlook, and a whopping 260% debt-to-GDP ratio. On top of this, Japan holds $1.1 TRILLION worth of US debt, making it the largest foreign holder of US debt." -TKL

This is not just about Japan. It’s a signal that the global debt machine is approaching its structural limits and that the next liquidity cycle may not be voluntary, but forced by sovereign fragility.

Read the following thread:

https://x.com/onechancefreedm/status/1924831549683298535

Remember:

1990: Japan has a goal of bringing prices down.

2012: Japan has a goal of getting prices up.

"History tells us that deflation [and inflation] has a habit of getting out of control."

👉🏽Gold prices extend gains to +5% since their May 15th low and near $3,300/oz as markets price-in uncertainty. Gold and Bitcoin are becoming the ONLY global safe-havens.

Talking about gold. China’s gold ETF inflows have more than doubled in the last 12 months, fueling a 38% surge in gold prices. From retail to the central bank—China has never bought more gold.

https://i.ibb.co/kVHh27vz/Gr-YB3-Wj-XUAAiai-W.jpg

On the 21st of May:

👉🏽For the Dutch followers/readers: The renovation of the Binnenhof is more than twice as expensive as the reconstruction of the Notre-Dame… and it costs more than the tallest building in the world, the Burj Khalifa…A typical case of being royally screwed over with other people's money (our tax money!)

👉🏽And yet another manufacturer driven out of the country by ridiculous climate and energy policies. Paint producer AkzoNobel is closing factories in the Netherlands and Belgium; 276 jobs cut.

They now will produce their products, partly, in France (Pamiers). That’s where they’ll continue production — with cheap and reliable nuclear energy.

Source: https://archive.ph/4nVyg

On the 22nd of March:

👉🏽TKL: "The decline in value of fiat currencies against gold has been truly remarkable: Since 1971, the US Dollar has lost 98.94% of its value against gold, the second-largest fall among major currencies. During the same period, the British Pound has declined 99.42%. The Euro would have lost 98.76% if it existed since 1971. Furthermore, the Japanese Yen and Swiss Franc have dropped 97.47% and 94.85%, respectively. Meanwhile, gold prices in US Dollar terms are up ~1,000% during this period. Gold remains a hedge against currency debasement." Wrong, Bitcoin is the hedge against currency debasement. Just look at the Bitcoin/Gold chart. I prefer 'digital' gold. Voltaire famously said, 'Fiat currency always eventually returns to its intrinsic value--zero.

On the 23rd of May:

👉🏽Trump recommends a 50% tariff on products imported from the European Union, starting on June 1, 2025. TKL: 'The trade war is back just as the 10Y Note Yield crosses above 4.60%. This morning, President Trump threatened 25% tariffs on Apple, $AAPL, and 50% tariffs on the EU beginning June 1st. Now, yields are pulling back sharply as recession worries resurface. The drop in yields on this announcement will only give MORE of a reason for President Trump to prolong the trade war. As we have said MULTIPLE times, a trade war accomplishes all of Trump's economic goals at once. Trump wants lower rates, the Fed won't cut, so he will get them the hard way.'

👉🏽US Treasury Secretary Scott Bessent: "We can both grow the economy and control the debt. What is important is that the economy grows faster than the debt. If we change the growth trajectory of the country, of the economy, then we will stabilize our finances and grow our way out of this." “We can grow our way out of this” RIP Fiscal Austerity, 2025-2025 lmao!

Notice how it’s shifted from “we’re going to cut spending” to “we’re going to grow our way out” regarding our debt burden. Bessent knows it’s cooked, hence why he stopped talking about yields. It is kinda delusional to think we are going to grow the economy fast enough to accomplish this when the budget deficit is over 6% of GDP.

Translation: they are unable to meaningfully reduce the debt. US government debt will continue to grow. They will be forced to print eventually. Your purchasing power will continue to fall. Got Bitcoin?

Just to give you one more example:

👉🏽'The national debt has grown under every U.S. president, regardless of political party, for decades. And that is set to continue during President Donald Trump’s second term. Elon Musk and the Department of Government Efficiency (“DOGE”) initially promised to cut $2 trillion in wasteful spending, but have since admitted this figure is likely to total a couple hundred billion bucks at best. Meanwhile, the president is pushing Congress to pass his “big, beautiful bill,” which is expected to add trillions in new deficit spending over the next several years. Make no mistake… the spending will never stop.' - Porter Stansberry

https://i.ibb.co/8k4LNg2/Grlug-NNX0-AAQnw-T.jpg

U.S. National Debt:

1970: $371B

1980: $908B

1990: $3.2T

2000: $5.7T

2010: $13.6T

2020: $26.9T

You can't fix this with votes. Maybe Bitcoin can stop this train? It can also incentivize governments to spend responsibly and manage budgets with discipline. One thing I do know is that you’re not voting your way out of this chart.

On the 24th of May:

👉🏽'The Bank of Japan owns 52.0% of all domestic government bonds. By comparison, life insurers, banks, and pension funds hold 13.4%, 9.8%, and 8.9%, respectively. According to Bloomberg, the Japanese government now holds $7.8 trillion of debt. This makes the Japanese government the third most indebted government in the world, behind the US and China. Furthermore, the Bank of Japan holds a whopping $4.1 trillion of government bonds on its balance sheet. Japan needs a major restructuring.' -TKL

Just to make it even worse...

👉🏽'Prices in Japan are soaring: The cost of rice jumped +98.4% year-over-year in April, posting the biggest monthly jump since 1971. This is an acceleration from the +92.1% surge recorded in March. Energy prices rose +9.3% after the March phaseout of Japanese government subsidies for gas and electricity. As a result, Japan's inflation CPI excluding fresh food rose by +3.5% from the previous year, up from a +3.2% gain in March. This marks the 5th consecutive monthly reading at 3%+. Meanwhile, Japan's economy shrank by -0.7% in Q1 2025, the first decline since Q1 2024. Japan has entered stagflation.' -TKL

👉🏽Birth rates are plummeting in a lot of countries. Population collapse is the greatest threat to civilization.

https://i.ibb.co/3Yfqq0N1/Gruztgo-XIAISc7-A.jpg

Question: How sustainable are the government debts with the population decline, like in Japan and Europe?

Grok: Population decline in Japan and Europe strains government debt sustainability. Japan's debt, at 245% of GDP, faces pressure from an aging population, with social spending projected to hit 24% of GDP by 2040. Europe's debt varies, with Greece at 163.6% and Italy at 137%, while aging reduces tax bases. Immigration and productivity boosts could help, but their impact is uncertain. Japan's domestic debt ownership offers some stability, while EU fiscal rules aid Europe. Outcomes depend on policy execution and economic conditions.

On the 26th of May:

👉🏽Cheap energy = abundance One population is so brainwashed they choose poverty. Michael A. Arouet: Can someone please explain the logic behind Germany closing its perfectly fine nuclear power plants, and deindustrialising?

https://i.ibb.co/tTwkmhcB/Gr3-IWgk-Ww-AAVz-Y3.jpg

👉🏽'The US budget deficit has averaged 9% of GDP over the last 5 years. Over the last 12 months alone, the budget gap has hit 7% of GDP. This is even higher than during the 2001 or the 1980s recessions. This comes as the US government spent a whopping $7.1 trillion over the last year, an equivalent of 24% of GDP. The government is now running larger deficits than during an average economic downturn. What happens if the US economy enters a recession?' -TKL

https://i.ibb.co/tT5nF67J/Gr5kcw-QWc-AAQ7q-R.jpg

🎁If you have made it this far, I would like to give you a little gift, well, in this case, two gifts:

May 2025 Newsletter: A Trade Breakdown

This newsletter issue breaks down the recent trade breakdown (sorry for the pun) and explores some of the nuances of why realigning the global balance of trade is both popular and extremely difficult to do.

https://www.lynalden.com/may-2025-newsletter/

Credit: I have used multiple sources!

My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly.

Use the code SE3997

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀ ⠀

⠀⠀ ⠀ ⠀⠀⠀

Do you think this post is helpful to you?

If so, please share it and support my work with a zap.

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

⭐ Many thanks⭐

Felipe - Bitcoin Friday!

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

@ eb0157af:77ab6c55

The exchange reveals the extent of the breach that occurred last December as federal authorities investigate the data leak.

Coinbase has disclosed that the personal data of 69,461 users was compromised during the breach in December 2024, according to documentation filed with the Maine Attorney General’s Office.

The disclosure comes after Coinbase announced last week that a group of hackers had demanded a $20 million ransom, threatening to publish the stolen data on the dark web. The attackers allegedly bribed overseas customer service agents to extract information from the company’s systems.

Coinbase had previously stated that the breach affected less than 1% of its user base, compromising KYC (Know Your Customer) data such as names, addresses, and email addresses. In a filing with the U.S. Securities and Exchange Commission (SEC), the company clarified that passwords, private keys, and user funds were not affected.

Following the reports, the SEC has reportedly opened an official investigation to verify whether Coinbase may have inflated user metrics ahead of its 2021 IPO. Separately, the Department of Justice is investigating the breach at Coinbase’s request, according to CEO Brian Armstrong.

Meanwhile, Coinbase has faced criticism for its delayed response to the data breach. Michael Arrington, founder of TechCrunch, stated that the stolen data could cause irreparable harm. In a post on X, Arrington wrote:

“The human cost, denominated in misery, is much larger than the $400m or so they think it will actually cost the company to reimburse people. The consequences to companies who do not adequately protect their customer information should include, without limitation, prison time for executives.”

Coinbase estimates the incident could cost between $180 million and $400 million in remediation expenses and customer reimbursements.

Arrington also condemned KYC laws as ineffective and dangerous, calling on both regulators and companies to better protect user data:

“Combining these KYC laws with corporate profit maximization and lax laws on penalties for hacks like these means these issues will continue to happen. Both governments and corporations need to step up to stop this. As I said, the cost can only be measured in human suffering.”

The post Coinbase: 69,461 users affected by December 2024 data breach appeared first on Atlas21.

@ c9badfea:610f861a

1. Install Feeder (it's free and open source)
2. Discover RSS feeds from various sources (see links below)
3. Copy the Feed URL
4. Open Feeder, tap the ⁞ icon, and choose Add Feed
5. Paste the Feed URL and tap Search
6. Select the found RSS feed item
7. Scroll down and tap OK

Some Sources

• Podcast Index
• RSS Finder
• Feedspot

ℹ️ You can also use YouTube channel URLs as feeds

@ 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.

@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ 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.

---

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

---

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.

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

@ 8bad92c3:ca714aa5

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

Get our new STACK SATS hat - via tftcmerch.io

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

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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.

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Final thought...

Building things of value is satisfying.

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@ 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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"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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@ 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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@ 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

@ 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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@ 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

@ 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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@ 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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