@ 8c7778fc:7689822c

Trong bối cảnh nền kinh tế số đang trở thành động lực cốt lõi cho sự phát triển bền vững tại Việt Nam, VNWIN nổi lên không chỉ là một nền tảng trực tuyến về giải trí mà còn là một mắt xích quan trọng đóng góp vào sự chuyển đổi số quốc gia. Với nền tảng công nghệ vững chắc, quy trình vận hành hiện đại và khả năng tích hợp hệ thống linh hoạt, VNWIN đã và đang tạo ra một không gian số toàn diện, nơi người dùng không chỉ tham gia vào các hoạt động trực tuyến mà còn được tiếp cận với một mô hình kinh doanh thông minh. Nhờ áp dụng các công nghệ tiên tiến như AI, Big Data và bảo mật đa tầng, VNWIN không chỉ đảm bảo an toàn thông tin tuyệt đối mà còn tối ưu trải nghiệm người dùng theo từng nhu cầu cụ thể. Điều này không chỉ giúp nâng cao hiệu quả hoạt động nội bộ mà còn mang đến những giá trị gia tăng thực tế cho nền kinh tế, khi số lượng lớn người dùng VNWIN mỗi ngày đều tương tác, giao dịch và tiêu dùng thông qua nền tảng. Đặc biệt, việc tích cực tuân thủ các tiêu chuẩn pháp lý về thương mại điện tử cũng là điểm cộng lớn giúp VNWIN ngày càng khẳng định vai trò trong sự phát triển chung của hạ tầng kinh tế số Việt Nam.

Bên cạnh yếu tố công nghệ, VNWIN còn nổi bật nhờ khả năng xây dựng cộng đồng trực tuyến lành mạnh và có tính kết nối cao. Hệ sinh thái người dùng của VNWIN không chỉ dừng lại ở việc cung cấp sản phẩm mà còn liên tục mở rộng qua các chương trình tương tác cộng đồng, chăm sóc khách hàng chuyên sâu và các hoạt động trải nghiệm mang tính giáo dục về an toàn công nghệ số. Trong khi nhiều nền tảng số khác chỉ chú trọng vào lượt truy cập, VNWIN lại đầu tư vào chất lượng tương tác với người dùng, giúp tăng sự trung thành và độ tin cậy thương hiệu. Thông qua các kênh hỗ trợ như chat trực tuyến, hotline, email và mạng xã hội, người dùng VNWIN luôn nhận được sự hỗ trợ tận tình, nhanh chóng, thể hiện rõ cam kết đồng hành của doanh nghiệp với khách hàng. Ngoài ra, VNWIN cũng thường xuyên tổ chức các chương trình khuyến mãi, ưu đãi hấp dẫn và hoạt động tặng thưởng, nhằm kích thích hoạt động thương mại trong cộng đồng người dùng, tạo nên một chuỗi giá trị khép kín vừa phục vụ mục tiêu kinh doanh vừa thúc đẩy phát triển tiêu dùng nội địa. Việc người chơi quay lại sử dụng dịch vụ không chỉ đơn thuần vì giải trí mà còn bởi niềm tin vào hệ sinh thái số mà VNWIN đang kiến tạo mỗi ngày.

Không dừng lại ở việc phát triển nền tảng và xây dựng cộng đồng, VNWIN còn chủ động mở rộng ảnh hưởng thông qua các hoạt động hợp tác chiến lược với các đối tác công nghệ, tài chính và giáo dục. Sự kết nối đa ngành này không chỉ mở rộng quy mô hoạt động mà còn giúp VNWIN tăng cường tính đa dạng trong dịch vụ, tạo ra nhiều lựa chọn hơn cho người dùng. Bên cạnh đó, VNWIN cũng thể hiện vai trò tiên phong trong việc thúc đẩy nhận thức xã hội về lợi ích của nền kinh tế số thông qua các chiến dịch truyền thông tích cực, các dự án chia sẻ kiến thức công nghệ đến cộng đồng và các chương trình hỗ trợ thanh toán không tiền mặt. Đây chính là biểu hiện rõ ràng nhất cho cam kết phát triển bền vững, đưa công nghệ vào cuộc sống một cách hiệu quả, minh bạch và có trách nhiệm. Với định hướng phát triển lấy người dùng làm trung tâm, cùng chiến lược dài hạn trong việc đồng hành cùng nền kinh tế số Việt Nam, VNWIN đang khẳng định vị thế không thể thay thế trong hành trình số hóa toàn diện của quốc gia.

@ 41fa852b:af7b7706

"Bitcoin is a peaceful revolution." --Alex Gladstein

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Life is still a bit upside-down after our house move, so I'm running slightly behind schedule this week.

I spent yesterday at Cyphermunk House for Bloom Fest, and it was honestly one of the best days I've had as a Bitcoiner. The range of personalities, the positivity, and the energy were all incredible. Huge credit to Psyfer and his team for making it happen. If you're reading this on Sunday, there's still time to head down for day two--full details here.

It's a quieter week for meetups across the UK and Ireland, but everything that's happening is listed below.

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Upcoming Bitcoin Meetups

Happening this week…

1. Belfast Bitcoin: Join them on Tuesday the 3rd June, 20:00. These guys meet in person monthly on the first Tuesday of each month at Ormeau Baths Event Space, 18 Ormeau Avenue, Belfast, BT2 8HS, Northern Ireland. 🍻

2. Bitcoin Walk - Edinburgh: Every Saturday they walk around Arthur's Seat in this historic city. Join them at 12 pm to chat about all things Bitcoin and keep fit. 🚶🏽‍♂️🚶🏼‍♀️🚶🏻

3. Bitcoin Derby: On Saturday the 7th June Bitcoin Derby will be at Ye Olde Dolphin, DE1 3DL. 🍺

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New Businesses Accepting Bitcoin

This week we have…

• Danson Garage: A trusted, independent garage based in Sidcup, DA15 9NP offering honest, high-quality car servicing, repairs and MOTs. Whether it's diagnostics, tyres, brakes or general maintenance, their experienced team provides reliable work at fair prices. They're known for clear communication, quick turnarounds and great customer service, keeping local drivers safely on the road. Now accepting bitcoin. 🚗👨🏻‍🔧
• Pintus Deli: A cherished Italian brasserie, coffee house, and restaurant located at 132 Northcote Road in Wandsworth, South London. Open seven days a week, it offers a delightful menu featuring breakfast, brunch, lunch, and dinner, complemented by freshly brewed coffee, juices, and a selection of wines and cocktails. With its warm ambiance and commitment to fresh, healthy ingredients, Pintus Deli provides a welcoming spot for any meal of the day. Now accepting bitcoin. 🥗🍝
• Stationery Place: Owned by long-established paper specialists John W Adams Ltd, offers a full range of printing, copying, scanning, binding and laminating services, plus custom-made rubber stamps. They stock an extensive selection of specialist paper and card, including their own high-quality range alongside premium brands from top paper companies. With over a century of expertise behind them, Stationery Place is a reliable go-to for both everyday stationery needs and professional print services. Now accepting bitcoin. 🖨️ 📖

---

Upcoming Special Events

These events aren't happening next week, but they're important to add to your calendar now as tickets are selling fast.

Children of Riddim Festival - Bitcoin Stage: This is shaping up to be one of the biggest music festivals with Bitcoin vibes in the world.

Around 150 DJs, artists, and speakers will perform over four days, from 12--16 June, in Hemel Hempstead. A dedicated stage, the Barn of Freedom, will spotlight Bitcoin culture, education, and unstoppable apps on the Nostr protocol--alongside music, talks, and much more.

Support for the Barn of Freedom stage can be given via geyser.fund, where both ticket purchases and donations are welcome. One-day and four-day passes are available, and on-site camping is included.

Confirmed names include Joe Bryan, Metamick (Geyser Fund), Roger9000, Angor, MadMunky, Huxley, and many more.

The Bitcoin Beach Retreat: An annual Bitcoin-only gathering held at a scenic coastal campsite in North Wales. Celebrating its fifth year in 2025, the retreat offers a relaxed, community-driven alternative to traditional conferences. From July 11--14, up to 120 Bitcoiners will come together to share knowledge, enjoy beachside BBQs, and strengthen their networks under the stars. With no pre-booked speakers, the event thrives on peer-led workshops and spontaneous discussions, fostering genuine connections among attendees. Emphasising local engagement, the retreat directs the majority of its funds into the surrounding community, with 42% of expenses paid in Bitcoin last year. Whether attending solo or with family, attendees can expect a welcoming environment dedicated to sound money and shared values.

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Get Involved

• Volunteer: Passionate about merchant adoption? Reach out to Bridge2Bitcoin on Twitter or website.
• Start a Meetup: Want to launch a Bitcoin meetup? We'll support you. Contact us on Twitter or just reply to this email.
• Contribute to BTCMaps: Help maintain this key Bitcoin resource--no coding skills needed. Update a UK area.
• Telegram: Join our Channel for UK meetup updates
• Feedback: Reply to this email with ideas and suggestions.

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This week's sponsors is…

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Get out and support the meetups where you can, visit Bitcoin Events UK for more info on each meetup and to find your closest on the interactive map.

Stay tuned for more updates next week!

Simon.

@ 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.

@ 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

@ eb0157af:77ab6c55

The revelation by Miles Suter, Product Lead at Block, at the Bitcoin Conference 2025 confirms the economic potential of LN for professional operators, but the yield comes mainly from routing fees

During the Bitcoin 2025 conference in Las Vegas, Miles Suter, Bitcoin Product Lead at Block Inc., revealed data that could change the economic perception of the Lightning Network: the company’s routing node is generating annual returns of 9.7% on invested liquidity.

During his presentation, Suter confirmed what many experts suspected but no one had ever quantified precisely: Lightning payment routing can be not only technically effective, but also economically profitable on a large scale. With an estimated public capacity of 184 BTC (approximately $20 million), Block is demonstrating that Lightning infrastructure can generate significant returns through the use of bitcoin as a payment method.

Non-custodial yield, with a doubt

Lightning routing represents what experts define as “true non-custodial yield” – returns generated from the pure economic utility of bitcoin as a means of payment, without having to entrust one’s funds to third parties.

“We are earning almost 10% returns on Bitcoin by effectively routing real payments on the Lightning network,” Suter declared.

Riccardo Masutti — researcher and founder of Baited — has, however, observed that the double-digit yields advertised by Block are closely tied to an exceptionally aggressive fee structure that markedly deviates from the median parameters of the Lightning Network. In particular, the Cash App nodes apply a fee rate of 2,147,483,647 ppm, resulting in fees up to 2 million times higher than the average cost of standard channel transactions. Block’s own node also enforces significant fees: to route a million satoshis, it requires 1,053 sats in outgoing fees and 2,955 sats in incoming fees, compared to a network median base fee of approximately 0.999839 sat and a median fee rate of 0.000063 sat/sat. This discrepancy suggests that the yield is generated more by a surcharge imposed on intermediated payments than by any real efficiency in liquidity allocation.

In 2024 Cash App recorded an increase in Lightning payment volume equal to 7 times that of the previous year: one in four outgoing payments now occurs via LN, Suter stated.

According to Block’s Product Lead “if Bitcoin becomes only digital gold, we have failed the mission. If we don’t use bitcoin for payments, we risk losing one of the most important promises permissionless money. If we don’t preserve the qualities of cash in the digital world, human liberty is seriously in trouble.”

The company aims to incentivize practical and daily use of bitcoin, seeing Lightning payments as the key to realizing Satoshi Nakamoto’s original vision of a “peer-to-peer electronic payment system.”

The post According to Block, routing on Lightning yields 10% annually: but the yield comes from fees appeared first on Atlas21.

@ eb0157af:77ab6c55

The company unveils a service to generate returns from the Lightning Network while maintaining full control over one’s bitcoin.

Amboss, a company dedicated to developing the Lightning Network ecosystem, has announced the launch of Rails, a platform that enables users to earn yields on their bitcoin while retaining complete custody.

Rails stands out as the first fully self-custodial yield-generation service built specifically for the Lightning Network. Users can act as Liquidity Providers (LPs) while maintaining full control over their funds, contributing at the same time to improving the performance and scalability of the Lightning Network.

The service leverages Amboss’ AI infrastructure to optimize the speed, reliability, and capacity of Lightning transactions.

How it works

Rails’ yield-generation mechanism is based on two main activities:

• Payment routing: users earn fees by facilitating payment routing through the Lightning Network;
• Liquidity leasing: by providing liquidity to other participants in the LN network.

Although returns are not guaranteed, the performance demonstrated by companies like Block is notable. During the Bitcoin 2025 conference in Las Vegas, Miles Suter of Block revealed that their routing node is generating a 9.7% APR on deposited bitcoin while maintaining control over private keys.

Strategic partnerships

Amboss has entered into partnerships with CoinCorner and Flux to launch Rails. CoinCorner has integrated the service into its exchange and payment platforms, while Flux aims to expand the Lightning Network’s role in global payments.

David Boylan, CFO of CoinCorner, stated:

“Rails offers a practical way for businesses like ours to participate in the Lightning Network’s growth. 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.”

Two complementary solutions

Rails offers two distinct services:

• Rails LP: designed for businesses with bitcoin treasuries, custodians, and high-net-worth individuals, with a minimum commitment of 1 BTC for one year;
• Liquidity subscriptions: aimed at businesses accepting bitcoin payments, with fees starting from 0.5%.

Jesse Shrader, co-founder and CEO of Amboss, commented:

“Rails is a transformative force for the Lightning Network. It’s not just about yield — it’s about enabling businesses to strengthen the network while earning on their bitcoins. This is a critical step in bitcoin’s evolution as a global medium of exchange.”

The post Amboss launches Rails: a service to earn yields from the Lightning Network appeared first on Atlas21.

@ 9ca447d2:fbf5a36d

The third annual Bitcoin FilmFest (aka BFF25) proved once again that sovereign minds and decentralized culture thrive together.

For four electrifying days in Poland’s capital, the festival’s rallying call—’Fix the money, fix the culture‘—wasn’t just a slogan but a living, breathing movement.

From May 22-25, 2025, Warsaw buzzed with cinematic innovation, Bitcoin philosophy, and artistic vibe marking this gathering as truly incomparable.

Rebel Tribe with Unfiltered Creativity

With 200+ attendees from 20+ countries – primarily Poland, Czech Republic, the UK and Germany (~70% combined), plus representation from Spain, Italy, USA, Turkey and 15+ other nations including Thailand, Israel, Dubai and Latin America—BFF25 became a true global hub of freedom-fighters at heart. 

The European Pizza Day opener (May 22), celebrating Bitcoin’s first real-world transaction, saw rainy evening weather that couldn’t dampen the energy.

With concerts by Roger9000 and ABBE plus DJ sets from MadMunky, 2140 collective w/Airklipz and G.O.L.D., all early arrivals had a memorable start.

Dual Focus on Film and Bitcoin Culture

• Seven film workshops and seven hands-on sessions running parallel across Friday and Saturday at Amondo Cinema Club. Film: Martin Piga, Oswald Horowitz, Psyfer, Juan Pablo Mejía, Kristina Weiserova, Rare Passenger, Noa Gruman & Lahav Levi (Scardust). Bitcoin/Nostr: Aleks Svetski, Ioni Appelberg, Flash,  CryptoSteel, Bitrefill, Polish Bitcoin Association, Bitvocation.

• The Community Stage (Friday to Sunday afternoon) gave important space for both projects and individuals discussing their work and passions.
  Everything from music, art, fiction, Nostr, personal sovereignty to Polish-language debates on Bitcoin’s state and its possible future.

• Onscreen, 9 cinematic blocks from Friday to Sunday featured titles like UNBAKABLE, REVOLUCIÓN BITCOIN, HOTEL BITCOIN, PLANDEMIC: THE MUSICAL, plus shorts on new media (AI/experimental cinema), parallel communities (outcast cinema), and newly released pilots.

• Cinematic shark-tank with a €3,000 bounty: 8 contestants

  • Martin Piga: “PARALLEL SPACES”
  • Kristina Weiserova: “PUZZLE”
  • Aaron Koenig : “SATOSHI’S LAST WILL”
  • Philip Charter: “21 FUTURES”
  • Jenna Reid: “WHERE DO WE GO FROM HERE?”
  • Mr Black: “A LODGING OF WAYFARING MEN”
  • Oswald Horowitz: “THE LEGEND OF LANDI”
    The event ended with Jenna winning.

• Official Gala: Golden Rabbits 2025 crowned:

  • HOTEL BITCOIN by Manuel Sanabria & Carlos “Pocho” Villaverde (Best Story)
  • SATOSHI: THE CREATION OF BITCOIN by Arthur Machado (Best Short)
  • REVOLUCIÓN BITCOIN by Juan Pablo Mejía (Audience Choice)
  • NO MORE INFLATION by Maiku Tsukai’s aka Bitcoin Shooter (Best Film)

Nights Charged with Music and Unscripted Surprise

The festival’s legendary afterparties kept the energy high—Friday’s underground gathering at Morph Club (ex-Barbazaar) featured Aaron Koening’s live concert and 2140 DJs (Akme + Andy Princz).

The weekend’s unforgettable moment came when Noa Gruman took the stage with “MY HEAVEN” (Scardust original) and “40HPW” — her powerful tribute to Bitcoin podcasts and Bugle.News.

Lightning-Powered Innovation, and Extras

• Lightning in Action: Flash enabled instant Bitcoin payments across both main venues (Amondo + Samo Centrum, merch stations, and online shop)

• IndeeHub Backstage Pass: Attendees unlocked exclusive access to Lightning-powered VOD featuring selected films from BFF23-25

• BFF TV: Kiki (El Salvador) broadcasting live interviews, event clips, and trailers. Day One, and Day Two to rewatch online.

• Comedy Strike: Robert Le Ricain’s Gala stand-up proved Bitcoiners pack brains and humor—in equal measure.

A Community-Driven Cultural Experience

Bitcoin FilmFest wasn’t just an event—it was proof that culture shifts when money gets fixed. Mark your calendars for June 2026 and the next edition. More info and tickets going on sale soon.

@ 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

@ cae03c48:2a7d6671

Bitcoin Magazine

Panama City Mayor Mizrachi: “Bitcoin Is Not Just Safe, It’s Prosperous”

At the 2025 Bitcoin Conference in Las Vegas, the Director of Bitcoin Beach Mike Peterson, the Presidential Advisors of Building Bitcoin Country El Salvador Max & Stacy and the Mayor City of Panama Mayer Mizrachi discussed Bitcoins future in Panama.

At the beginning of the panel, Is Panama Next? El Salvador Leading The Region For Bitcoin Adoption, Mayor Mizrachi started by mentioning, “We accept Bitcoin. The city gets paid in Bitcoin, but it receives in dollars through an intermediary processing, payments processor. Bitcoin is not just safe. It’s prosperous.”

Max commented about the scammers in crypto and how El Salvador is managing it.

“We did a couple of things early on, one was to create The Bitcoin Office which will be directly reporting to the President, and then also we passed a law which will say bitcoin is money and everything else is an unregistered security,” said Max.

Mike Peterson stated, “the access of Bitcoin in Central America to do battle against the globalists that have always looked at the regionist back yard. This is intolerable and this is going to change right now.” After Mizrachi commented, “Imagine yourself in an economic block powered by El Salvador, supported by Panama and the rest will come.”

Stacy reminded everybody about El Salvador’s School system. 

“El Salvador is the first country in the world to have a comprehensive public school financial literacy education program from 7 years old,” mentioned Stacy. “These are little kids, learning financial literacy.”

Max ended the panel by saying, “the US game theory right? Because the US wants to buy a lot of Bitcoin, so if Panama wants to buy a lot of bitcoin then it helps everybody in the US. This is the beautiful expression of game theory perfectly aligned in the protocol that is changing the world that we live in. And on the street level what bitcoin does to the population is to go from a spending mentality to a saving mentality.”

You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 3 below:

This post Panama City Mayor Mizrachi: “Bitcoin Is Not Just Safe, It’s Prosperous” first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

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For those who like to be first and make money https://t.me/edchess_bot/web3?startapp=ref-link=mTLuwhkSLyYJ

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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

@ 4c96d763:80c3ee30

Changes

Fernando López Guevara (2):

• feat(column): add tooltip on remove column button
• feat(hashtag-column): handle new hashtag on Enter key press

pushed to notedeck:refs/heads/master

@ 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

@ 35f80bda:406855c0

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.

If two parties have some sort of dealings, then each has a memory of their interaction. Each party can speak about their own memory of this; how could anyone prevent it? One could pass laws against it, but the freedom of speech, even more than privacy, is fundamental to an open society; we seek not to restrict any speech at all. If many parties speak together in the same forum, each can speak to all the others and aggregate together knowledge about individuals and other parties. The power of electronic communications has enabled such group speech, and it will not go away merely because we might want it to.

Since we desire privacy, we must ensure that each party to a transaction have knowledge only of that which is directly necessary for that transaction. Since any information can be spoken of, we must ensure that we reveal as little as possible. In most cases personal identity is not salient. When I purchase a magazine at a store and hand cash to the clerk, there is no need to know who I am. When I ask my electronic mail provider to send and receive messages, my provider need not know to whom I am speaking or what I am saying or what others are saying to me; my provider only need know how to get the message there and how much I owe them in fees. When my identity is revealed by the underlying mechanism of the transaction, I have no privacy. I cannot here selectively reveal myself; I must always reveal myself.

Therefore, privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system. An anonymous transaction system is not a secret transaction system. An anonymous system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy.

Privacy in an open society also requires cryptography. If I say something, I want it heard only by those for whom I intend it. If the content of my speech is available to the world, I have no privacy. To encrypt is to indicate the desire for privacy, and to encrypt with weak cryptography is to indicate not too much desire for privacy. Furthermore, to reveal one's identity with assurance when the default is anonymity requires the cryptographic signature.

We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence. It is to their advantage to speak of us, and we should expect that they will speak. To try to prevent their speech is to fight against the realities of information. Information does not just want to be free, it longs to be free. Information expands to fill the available storage space. Information is Rumor's younger, stronger cousin; Information is fleeter of foot, has more eyes, knows more, and understands less than Rumor.

We must defend our own privacy if we expect to have any. We must come together and create systems which allow anonymous transactions to take place. People have been defending their own privacy for centuries with whispers, darkness, envelopes, closed doors, secret handshakes, and couriers. The technologies of the past did not allow for strong privacy, but electronic technologies do.

We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.

Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can't get privacy unless we all do, we're going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don't much care if you don't approve of the software we write. We know that software can't be destroyed and that a widely dispersed system can't be shut down.

Cypherpunks deplore regulations on cryptography, for encryption is fundamentally a private act. The act of encryption, in fact, removes information from the public realm. Even laws against cryptography reach only so far as a nation's border and the arm of its violence. Cryptography will ineluctably spread over the whole globe, and with it the anonymous transactions systems that it makes possible.

For privacy to be widespread it must be part of a social contract. People must come and together deploy these systems for the common good. Privacy only extends so far as the cooperation of one's fellows in society. We the Cypherpunks seek your questions and your concerns and hope we may engage you so that we do not deceive ourselves. We will not, however, be moved out of our course because some may disagree with our goals.

The Cypherpunks are actively engaged in making the networks safer for privacy. Let us proceed together apace.

Onward.

Eric Hughes hughes@soda.berkeley.edu

9 March 1993

@ 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

@ b1ddb4d7:471244e7

When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.

While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.

We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.

First Steps

• So, where did it all begin for you and what made you stay curious?

I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.

I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.

After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.

I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.

Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.

That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.

When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.

DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.

The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”

• At what point did you start teaching others, and why?

After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.

What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.

Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.

I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?

Building on Bitcoin

• You hosted some in-person meetups in Sacramento. What did you learn from those?

My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.

I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.

At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.

Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.

• Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?

My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).

I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.

The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.

• How do local groups like Sactown and Cleveland Bitcoiners influence your work?

Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.

Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.

I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.

Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.

• What do people struggle with the most when it comes to technical education?

The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”

Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?

I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.

• One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?

I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.

They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.

As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.

• How do you choose what to focus on in your sessions, especially for different types of learners?

I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.

At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.

Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.

There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.

That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.

I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on

@ cae03c48:2a7d6671

Bitcoin Magazine

The Debt Train Has No Brakes: Lyn Alden Makes the Case for BTC at Bitcoin 2025

“Nothing stops this train,” Lyn Alden initially stated at Bitcoin 2025, walking the audience through a data-rich presentation that made one thing clear: the U.S. fiscal system is out of control—and Bitcoin is more necessary than ever. 

Her first chart, sourced from the Federal Reserve’s FRED database, displayed a stark decoupling: the unemployment rate is down, yet the fiscal deficit has surged past 7% of GDP. “This started around 2017, went into overdrive during the pandemic, and hasn’t corrected,” Alden said. “That’s not normal. We’re in a new era.” 

She didn’t mince words. “Nothing stops this train because there are no brakes attached to it anymore. The brakes are heavily impaired.

Why should Bitcoiners care? Because, as Alden explained, “it matters for asset prices—especially anything scarce.” She displayed a gold vs. real rates chart that showed gold soaring as real interest rates plunged. “Five years ago, most would have said Bitcoin couldn’t thrive in a high-rate environment. Yet here we are—Bitcoin over $100K, gold at new highs, and banks breaking under pressure.”

Next came what she called “The Turning Point”—a side-by-side showing how public debt growth overtook private sector debt post-2008, flipping a decades-long norm. “This is inflationary, persistent, and it means the Fed can’t slow things down anymore.” 

Another chart revealed why rising interest rates are now accelerating the deficit. “They’ve lost their brakes. Raising rates just makes the federal interest bill explode faster than it slows bank lending.”

Alden called it a ponzi: “The system is built on constant growth. Like a shark, it dies if it stops swimming.”

Her slide showed a relentless rise in total debt versus base money—except for a jolt in 2008, and again after 2020. “This isn’t going backward. Ever.” 

So why Bitcoin? “Because it’s the opposite. Scarce, decentralized, and mathematically capped,” Alden concluded. “There are two reasons nothing stops this train: math and human nature. Bitcoin is the mirror of this system—and the best protection from it.” 

You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 3 below:

This post The Debt Train Has No Brakes: Lyn Alden Makes the Case for BTC at Bitcoin 2025 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ a10260a2:caa23e3e

In this post, you’ll see how easy it is to consolidate some UTXOs. Hopefully this’ll give you the confidence to try it out whenever fees are low. It’s super simple and can be done in two steps!

Step 1

Go to your wallet and grab a receive address. As you can see, this wallet has two UTXOs.

Step 2

Once you have a receive address, send the max amount in your wallet to it (i.e. you’ll be sending to yourself). What you’ll receive is your all your bitcoin back minus the network fee. In this case, the cost was 900 sats.

That’s it.

Next time, when you go to Send > Coin Control, you’ll see that you have one large UTXO instead of one large and one small.

@ 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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@ 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

@ 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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Bitcoin Magazine

Jack Mallers Announced A New System of Bitcoin Backed Loans at Strike

The Founder and CEO of Strike, Jack Mallers, at the 2025 Bitcoin Conference in Las Vegas, announced a new system of Bitcoin backed loans at Strike with one digit interest rate.

Jack Mallers began his keynote by pointing at the biggest problem. Fiat currency. 

“The best time to go to Whole Foods and buy eggs with your dollars was 1913,” said Mallers. “Every other time after, you are getting screwed.”

What’s the solution?

“The solution is Bitcoin,” stated Mallers. “Bitcoin is the money that we coincide that nobody can print. You can’t print, you can’t debase my time and energy, you cannot deprive me of owning assets, of getting out of debt, of living sovereignly and protecting my future, my family, my priced possessions. Bitcoin is what we invented to do that.”

Mallers gave a power message to the audience by explaining that people should HODL every dollar they have in Bitcoin. People should also spend a little of it to have a nice life.

“You can’t HODL forever,” said Jack.

While talking about loans that people borrow against their Bitcoin. He explained why he thinks banks putting 20% in interest for loans backed with Bitcoin is outrageous.

“All these professional economists, they are like Bitcoin is risky and volatile,” stated Mallers. “No it’s not. This is the magnificent 7 one year volatility and the orange one in the middle is Bitcoin. It’s no more risky and volatile. It’s a little bit more volatile than Apple, but is far less more volatile than Tesla.”

“As Bitcoin matures, its volatility goes down,” continued Jack. “Bitcoin volatility is at a point where it is no more risky than a Tesla Stock. We should not be paying double digits rates for a loan.”

Mallers announced his new system of loans at Strike of 9-13% in interest rates. It will allow people to get loans from $10,000 to $1 billion. 

Mallers closed by saying, “please be responsible. This is debt. Debt is like fire in my opinion. It can heat a civilization. It can warm your home, but if you go too crazy it can burn your house down.”

“Life is short,” said Jack. “Take the trip, but with bitcoin you just get to take a better one.”

This post Jack Mallers Announced A New System of Bitcoin Backed Loans at Strike first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 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

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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.

@ 7f6db517:a4931eda

Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.

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

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

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

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

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

Current Nostr Stats

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

@ 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

@ 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.

@ cae03c48:2a7d6671

Bitcoin Magazine

Michael Saylor Presents The 21 Ways to Wealth at Bitcoin 2025

Michael Saylor, Executive Chairman of Strategy, took the stage at Bitcoin 2025 delivering a keynote titled “21 Ways to Wealth.” He stated: “This speech is for you. I’ve traveled the world and told countries, institutional investors, and even the disembodied spirits of our children’s children why they need Bitcoin. This is for every individual, every family, every small business. It’s for everybody.”  

He began with clarity. “The first way to wealth is clarity,” he said. “Clarity comes the moment you realize Bitcoin is capital—perfected capital, programmable capital, incorruptible capital.” For Saylor, every thoughtful individual on Earth will ultimately seek such pristine capital, and every AI system will prefer it as well. 

The second path is conviction. Bitcoin, he said, will appreciate faster than every other asset, because it’s engineered for performance. “It’s going to grow faster than real estate or collectibles. It is the most efficient store of value in human history.”

The third way is courage. “If you’re going to get rich on Bitcoin, you need courage,” he warned. “Wealth favors those who embrace intelligent monetary risk. Some people will get left behind. Others will juggle it. But the bold will feed the fire—sell your bonds, buy Bitcoin. An extraordinary explosion of value is coming.”

Fourth comes cooperation. “You are more powerful if you have the full support of your family. Your children have time and potential. The secret is transferring capital into their hands. Families that move in unity are unstoppable.”

The fifth is capability. “Master AI,” he said. “In 2025, everything you can imagine is at your fingertips—wisdom, analysis, creativity. Ask AI, argue with it, use it. You can become a super genius. Don’t put your ego first—put your interests first. Your family will thank you.”

Saylor’s sixth way to wealth is composition: construct legal entities that scale your strategy and protect your assets. “Ask the AI and figure it out. You can work hard, or you can work smart. This year, everyone should be operating like the most sophisticated millionaire family office.”

The seventh is citizenship. Choose your economic nexus carefully—“domicile where sovereignty respects your freedom,” he said. “This isn’t just about this year—it’s about this century.”

Eighth is civility. “Respect the natural power structures of the world. Respect the force of nature,” he explained. “If you want to generate wealth in the Bitcoin universe, don’t fight unnecessarily. Find common ground. Inflation and distraction are your enemies.”

Ninth is corporation. “A well-structured corporation is the most powerful wealth engine on Earth. Families are powerful. Partnerships are even more powerful. But corporations can scale globally. What is your vehicle? What is your path?”

The tenth way is focus. “Just because you can do a thing doesn’t mean you should,” he warned. “If you invest in Bitcoin, there’s a 90% chance it will succeed over five years. Don’t confuse ambition with accomplishment. Come up with a strategy—and stick to it.”

The eleventh is equity. “Share your opportunities with investors who will share your risk,” he said, pointing to MicroStrategy’s own rise from $10 million to a $5 billion market cap by aligning with equity partners who believed in the Bitcoin mission.

The twelfth is credit. “There are people in the world who are afraid of the future—they want small yield, certainty. Offer that. Give creditors security in return for capital. Convert their fear into fuel and turn risk into yield by investing in Bitcoin.”

The thirteenth is compliance. “Create the best company you can within the rules of your market. Learn the rules of the road. If you know them, you can drive faster. You can scale legally and sustainably.”

The fourteenth way is capitalization. “Velocity compounds wealth,” Saylor said. “Raise and reinvest capital as fast and as often as you can. The faster your money moves into productive Bitcoin strategies, the more it multiplies.”

Fifteenth is communication. “Speak with candor. Act with transparency. And repeat your message often,” he urged. “Creating wealth with Bitcoin is simple—but only if people understand what you’re doing and why you’re doing it.”

Sixteenth is commitment. “Don’t allow yourself to be distracted,” he said. “Don’t chase your own ideas. Don’t feed the trolls. Stay committed to Bitcoin. It’s the greatest idea in the world. The world probably doesn’t care what you think—but it will care when you win.”

The Seventeenth way is competence. “You’re not competing with noise—you’re competing with someone who is laser-focused, who executes flawlessly,” he said. “You must deliver consistent, precise, and reliable performance. That’s how you win.”

The Eighteenth is adaptation. “Circumstances change. Every structure you trust today will eventually fail. A wise person is prepared to abandon their baggage and adjust plans when needed. Rigidity is ruin.”

Nineteenth is evolution. “Build on your core strengths. You don’t need to start over—you need to level up. Leverage what you already do best, and expand it through Bitcoin and advanced technologies.”

Twentieth is advocacy. “Inspire others to walk the Bitcoin path,” he said. “Become an evangelist for economic freedom. Show others what this revolution really means. Show them the way.”

Finally, the twenty-first way is generosity. “When you’re successful—and you will be successful—spread happiness. Share security. Deliver hope. That light inside you will shine. And others will be drawn to it.” 

As he ended, Saylor smiled and quoted the very origin of it all: 

“It might make sense to get some, in case it catches on.” – Satoshi.

In Michael Saylor’s worldview, Bitcoin is not a get-rich-quick scheme—it’s the ultimate long-term play. It is the foundation of generational wealth, the engine of personal and institutional freedom, and the tool for those bold enough to lead humanity into a more sovereign, secure future. 

You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 3 below: 

This post Michael Saylor Presents The 21 Ways to Wealth at Bitcoin 2025 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 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

@ 502ab02a:a2860397

ไม่ต้องคาดหวังวิชาการมากๆในวันอาทิตย์ก็ได้นะครับ วันนี้เรามาคุยเรื่องแดดในอีกแบบกันบ้าง เพราะเห็นว่าช่วงนี้ฝนตกบ่อยจนบางทีก็มีแดดมาให้ตากแค่แว๊บเดียวจริงๆ แต่มันเป็นแว๊บที่ทำให้นึกอะไรขึ้นมาได้ครับ

เฮียชอบมองฟ้าเวลาฝนหยุดตกใหม่ๆ ฟ้ายังไม่ใสสนิท แต่มีแสงอ่อนๆ ทะลุเมฆบางๆ แดดแบบนี้แหละที่มักจะพา “รุ้งกินน้ำ” มาวิ่งเล่นกลางท้องฟ้า

สมัยก่อนเคยสงสัยว่า แค่แสงผ่านหยดน้ำในอากาศ ทำไมถึงแยกสีได้เจ็ดเฉดแบบนั้น จนวันหนึ่งเฮียได้รู้ว่า หยดน้ำเล็กๆ เหล่านั้น ไม่ใช่แค่ “ใส” แต่ทำหน้าที่เหมือน “เลนส์” อย่างดีของธรรมชาติ เป็นเลนส์ที่รวมแสง กระจายแสง หักเหแสง แล้วเปลี่ยนพลังธรรมดาให้กลายเป็นภาพมหัศจรรย์บนฟ้า

และนั่นแหละที่ทำให้เฮียเริ่มสงสัยต่อว่า...มันจะเป็นไปได้ไหม ที่หยดน้ำจะสร้าง “ไฟ” จากแสงแดดได้จริงๆ? คำตอบคือ ได้จ้ะ 55555

ในฟิสิกส์ เราเรียกปรากฏการณ์นี้ว่า focusing of light หรือการรวมแสง ซึ่งสามารถเกิดขึ้นได้จริงแม้ผ่านเลนส์ธรรมชาติอย่างหยดน้ำ หรือแม้แต่ไอน้ำบางๆ ที่ล่องลอยอยู่ในอากาศ พลังงานแสงที่รวมผ่านเลนส์แบบนี้ อาจมีความร้อนพอจุดไฟติดได้เลยทีเดียว เช่น ไฟไหม้ที่เริ่มจากแว่นขยาย หรือจากกระจกเว้าสะท้อนแดด ก็ล้วนใช้หลักเดียวกัน

สมัยก่อนก็มีตำนานว่าอาร์คีมีดีส นักคณิตแห่งกรีก เคยใช้กระจกสะท้อนแดดเผาเรือข้าศึก โชว์พลังแสงจากฟ้าจนกลายเป็นเรื่องเล่าในตำนาน แม้จะถกเถียงกันว่าเวอร์ไปหรือเปล่า แต่หลักการมันจริงจังนะครับ

เพราะในโลกของความเป็นจริงพลังงานเกือบทั้งหมดที่โลกใช้ได้ในวันนี้...มาจากแดด

-ลมที่พัดเกิดจากอุณหภูมิบนพื้นดินที่แดดอุ่นไม่เท่ากัน -ฝนที่ตกก็เพราะแดดระเหยน้ำขึ้นไปเป็นไอ -พืชเติบโตได้เพราะแดดกระตุ้นให้เกิดกระบวนการสังเคราะห์แสง -แม้แต่ไฟฟ้าที่มนุษย์ใช้ ก็เริ่มต้นจากโฟตอนเล็กๆ ที่ปล่อยตัวเองออกมาจากดวงอาทิตย์

โลกของเรา คือเครื่องจักรแปรแสงเป็นชีวิต หยดน้ำ เป็นเพียงหนึ่งในฟันเฟืองใสๆ ที่เปลี่ยนแสงนั้นให้เกิดรูปร่าง เกิดพลัง เกิดไฟ และสุดท้ายกลายเป็น "ความรุ่งเรืองของชีวิต"

ย้อนกลับไปในประวัติศาสตร์ มนุษย์รู้เรื่องนี้มาก่อนเราจะมีไฟฟ้าเสียอีก อียิปต์โบราณบูชาเทพ “รา” เทพแห่งดวงอาทิตย์ ชาวอินคาและมายา วัดจังหวะชีวิตจากการเคลื่อนของแดด ในจีนยุคโบราณ เชื่อว่าไฟฟ้าบนฟ้า ไอน้ำบนดิน ต้องสมดุล ไม่งั้นจะเกิดโรคระบาด ทั้งหมดบอกเราว่า แดดไม่ใช่แค่แสง แต่เป็นครูของชีวิต

แต่ที่เฮียชอบที่สุดคือ แม้จะเป็นเพียงหยดน้ำหนึ่งหยด ถ้าอยู่ในที่ที่เหมาะ เจอกับแสงที่ใช่ มันสามารถจุด “ไฟ” ขึ้นมาได้จริงๆ

เฮียว่านี่แหละคือสัญลักษณ์ของมนุษย์ เราก็เหมือนหยดเล็กๆ ใสๆ ธรรมดาแต่ถ้าได้พบแดดของตัวเอง ไม่ว่าแดดนั้นจะเป็นแรงบันดาลใจ ความรัก งานที่ทำ หรือความฝันในใจ และถ้าเรายอมเป็น “เลนส์” ให้พลังนั้นลอดผ่าน ไฟบางอย่างก็จะลุกขึ้นในตัวเราและทำให้โลกรอบข้างอุ่นขึ้นด้วย

เฮียเลยอยากชวนให้ลองหันหน้าเข้าหาแดด ไม่ต้องถึงขั้นจ้องตากับพระอาทิตย์ แค่ยอมให้แสงนั้นผ่านใจเรา เพราะแม้แดดจะเหมือนเดิมทุกวัน แต่ใจเราต่างหากที่เปลี่ยนไปในทุกครั้งและบางที แค่แสงหนึ่งหยด ก็อาจเป็นไฟสำหรับทั้งชีวิต

#SundaySpecialเราจะไปเป็นหมูแดดเดียว #pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

What's new

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

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

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

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

  • For more technical details, see the protocol spec.

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

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

Fixes

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

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Builders Exist Because Of Users

Builder: Nicholas Gregory

Language(s): C++, Rust

Contribute(s/ed) To: Ocean Sidechain, Mainstay, Mercury Wallet, Mercury Layer

Work(s/ed) At: CommerceBlock (formerly)

Prior to Bitcoin, Nicholas was a software developer working in the financial system for banking firms developing trading and derivatives platforms. After the 2008 financial crisis he began to consider alternatives to the legacy financial system in the fallout. 

Like many from that time, he completely ignored the original Slashdot article featuring the Bitcoin whitepaper due to the apparent focus on Windows as an application platform (Nicholas was a UNIX/Linux developer). Thankfully someone he knew introduced him to Bitcoin later on. 

The thing that captured his interest about Bitcoin rather than other alternatives at the time was its specific architecture as a distributed computer network. 

“The fact that it was like an alternative way. It was all based around [a] kind of […] network. And what I mean by that, building financial systems, people always wanted a system that was 24-7.

And how do you deal with someone interacting [with] it in different geographical parts of the world without it being centralized?

And I’d seen various ways of people solving that problem, but it never had been done, you know, in a kind of […] scalable solution. And using […] cryptography and proof of work to solve that issue was just weird, to be honest. It was totally weird for me.”

All of the other systems he had designed, and some that he built, were systems distributed across multiple parts of the world. Unlike Bitcoin however, these systems were permissioned and restricted who could update the relevant database(s) despite that fact that copies of them were redundantly distributed globally. 

“The fact that in Bitcoin you had everyone kind of doing this proof of work game, which is what it is. And whoever wins does the [database] write. That mess[ed] with my head. That was […] very unique.”

Beginning To Build

Nicholas’s path to building in the space was an organic one. At the time he was living in New York City, and being a developer he of course found the original Bitdevs founded in NYC. Back then meetups were incredibly small, sometimes even less than a dozen people, so the environment was much more conducive to in-depth conversations than some larger meetups these days. 

He first began building a “hobbyist” Over The Counter (OTC) trading software stack for some people (back then a very significant volume of bitcoin was traded OTC for cash or other fiat mediums). From here Nicholas and Omar Shibli, whom he met at Bitdevs, worked together on Pay To Contract (BIP 175). 

BIP 175 specifies a scheme where a customer purchasing a good participates in generating the address the merchant provides. This is done by the two first agreeing on a contract describing what is being paid for, afterwards the merchant sends a master public key to the consumer, who uses the hash of that description of the item or service to generate an individual address using the hash and master public key. 

This allows the customer to prove what the merchant agreed to sell them, and that the payment for the good or service has been made. Simply publishing the master public key and contract allows any third party to generate the address that was paid, and verify that the appropriate amount of funds were sent there. 

Ocean and Mainstay

Nicholas and Omar went on to found CommerceBlock, a Bitcoin infrastructure company. Commerceblock took a similar approach to business as Blockstream, building technological platforms to facilitate the use of Bitcoin and blockchains in general in commerce and finance. Shortly afterwards Nicholas met Tom Trevethan who came on board. 

“I met Tom via, yeah, a mutual friend, happy to say who it is. There’s a guy called, who, new people probably don’t know who he is, but OGs do, John Matonis.  John Matonis was a good friend of mine, [I’d] known him for a while. He introduced me to Tom, who was, you know, kind of more on the cryptography side. And it kind of went from there.”

The first major project they worked on was Ocean, a fork of the Elements sidechain platform developed by Blockstream that the Liquid sidechain was based on. The companies CoinShares and Blockchain in partnership with others launched an Ocean based sidechain in 2019 to issue DGLD, a gold backed digital token. 

“So we, you know, we were working on forks of Elements, doing bespoke sidechains. […] Tom had some ideas around cryptography. And I think one of our first ideas was about how to bolt on these forks of Elements onto […] the Bitcoin main chain. […] We thought the cleanest way to do that was […] using some sort of, I can’t remember, but it was something [based on] single-use sealed sets, which was an invention by Peter Todd. And I think we implemented that fairly well with Mainstay.”

The main distinction between Ocean and Liquid as a sidechain platform is Ocean’s use of a protocol designed at Commerceblock called Mainstay. Mainstay is a timestamping protocol that, unlike Opentimestamps, strictly orders the merkle tree it builds instead of randomly adding items in whatever order they are submitted in. This allows each sidechain to timestamp its current blockheight into the Bitcoin blockchain everytime mainchain miners find a block. 

While this is useless for any bitcoin pegged into the sidechain, for regulated real world assets (RWA), this provides a singular history of ownership that even the federation operating the sidechain cannot change. This removes ambiguity of ownership during legal disputes. 

When asked about the eventually shuttering of the project, Nicholas had this to say: 

“I don’t know if we were early, but we had a few clients. But it was, yeah, there wasn’t much adoption. I mean, Liquid wasn’t doing amazing. And, you know, being based in London/Europe, whenever we met clients to do POCs, we were competing against other well-funded projects. 

It shows how many years ago they’d either received money from people like IBM or some of the big consultancies and were promoting Hyperledger.  Or it was the days when we would be competing against EOS and Tezos. So because we were like a company that needed money to build prototypes or build sidechains, it kind of made it very hard. And back then there wasn’t much adoption.”

Mercury Wallet and Mercury Layer

After shutting down Ocean, Nicholas and Tom eventually began working on a statechain implementation, though the path to this was not straightforward. 

“[T]here were a few things happening at the same time that led to it. So the two things were we were involved in a [proof of concept], a very small […]POC for like a potential client. But this rolled around Discreet Log Contracts. And one of the challenges of Discreet Log Contracts, they’re very capital inefficient. So we wanted a way to novate those contracts. And it just so happened that Ruben Sampson, you know, wrote this kind of white paper/Medium post about statechains. And […] those two ideas, that kind of solved potentially that issue around DLCs.”

In the end they did not wind up deploying a statechain solution for managing DLCs, but went in a different direction. 

Well, there was another thing happening at the same time, coinswaps. And, yeah, bear in mind, in those days, everyone worried that by […] 2024/2025 […] network fees could be pretty high. And to do […] coin swaps, you kind of want to do multiple rounds. So […] state chains felt perfect because […] you basically take a UTXO, you put it off the chain, and then you can swap it as much as you want.”

Mercury Wallet was fully built out and functional, but sadly never gained any user adoption. Samourai Wallet and Wasabi Wallet at the time dominated the privacy tool ecosystem, and Mercury Wallet was never able to successfully take a bite out of the market. 

Rather than completely give up, they went back to the drawing board to build a statechain variant using Schnorr with the coordinator server blind signing, meaning it could not see what it was signing. When asked why those changes were made, he had this to say: “That would give us a lot more flexibility to do other things in Bitcoin with L2s. You know, the moment you have a blinded solution, we thought, well, this could start having interoperability with Lightning.”

Rather than building a user facing wallet this time, they built out a Software Development Kit (SDK) that could be integrated with other wallets.

“{…] I guess with Mercury Layer, it was very much building a kind of […] full-fledged Layer 2 that anyone could use. So we [built] it as an SDK. We did have a default wallet that people could run. But we were hoping that other people would integrate it.”

The End of CommerceBlock

In the end, CommerceBlock shuttered its doors after many years of brilliant engineering work. Nicholas and the rest of the team built numerous systems and protocols that were very well engineered, but at the end of the day they seemed to always be one step ahead of the curve. That’s not necessarily a good thing when it comes to building systems for end users. 

If your work is too far ahead of the demand from users, then in the end that isn’t a sustainable strategy. 

“…being in the UK, which is not doing that well from a regulatory point of view, played into it. If I

@ 0970cf17:135aa040

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@ 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!

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

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

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

What's new in v1.3

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

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

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ dfa02707:41ca50e3

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

@ 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.

@ eb0157af:77ab6c55

Bitmain’s new device raises the bar for energy efficiency.

During the World Digital Mining Summit, Bitmain introduced its latest bitcoin mining device: the Antminer S23 Hydro. The new miner promises an energy efficiency of 9.5 joules per terahash (J/TH), setting new industry standards.

ANTMINER S23 Hyd. Newly Launched at WDMS 2025!
580T 9.5J/T
Sales Start from May 28th, 9:00AM (EST)
Shipping from Q1, 2026 pic.twitter.com/Kg3VJTt7Rg

— BITMAIN (@BITMAINtech) May 27, 2025

According to Bitmain’s presentation, the Antminer S23 Hydro delivers up to 580 TH/s with a power consumption of 5,510 watts.

Scheduled for release in early 2026, the Antminer S23 Hydro marks a major leap forward compared to the first ASIC devices dedicated to mining. To put it in perspective, the first specialized miners launched in 2013 consumed around 1,200 J/TH. Bitmain’s latest device therefore represents a more than 99% improvement in efficiency.

Hashprice and economic challenges

In recent months, the hashprice — the metric measuring mining profitability — has remained relatively low, dropping below $39 per petahash per second during the year. As of now, the hashprice stands at around $55 per petahash per second, according to data from Hashrate Index.

This scenario has pushed several companies in the sector to rethink their expansion strategies. Instead of increasing hashing capacity, many are choosing to upgrade their existing fleets, focusing on efficiency rather than sheer scale.

The introduction of the Antminer S23 Hydro could catalyze a transformation within the mining ecosystem. The gradual replacement of outdated devices with more efficient technology could lead to a significant reduction in the Bitcoin network’s overall energy consumption.

The post Bitmain unveils the Antminer S23 Hydro: unprecedented efficiency 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

@ 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

@ 90c656ff:9383fd4e

Since its creation, Bitcoin has been one of the most hotly debated assets in the financial world—both by passionate supporters and skeptics. Its extreme volatility and the impact it has had on the traditional financial system have made it a constant subject of speculation. Over time, Bitcoin’s adoption has grown, sparking ongoing discussions about its future—both in terms of price and integration into the global financial system. In this context, multiple scenarios have been proposed, ranging from optimistic to cautious, depending on factors like regulation, institutional adoption, and technological innovation.

Bitcoin’s price: forecasts and influencing factors

01 - Institutional Adoption: The growing use of Bitcoin by major companies and institutional investors has been seen as a bullish driver. Companies like Tesla, MicroStrategy, and Square have added Bitcoin to their balance sheets, boosting confidence in it as a store of value. As more businesses follow suit, demand for Bitcoin could increase, pushing the price upward.

02 - Government Regulation: How governments respond to Bitcoin is one of the biggest sources of uncertainty. Heavy-handed regulation could restrict access and dampen interest, while a more favorable approach could boost adoption and support price growth. Countries like El Salvador have shown positive trends by adopting Bitcoin as legal tender, though in many others, regulation remains a significant challenge.

03 - Limited Supply: With a maximum supply of 21 million coins, Bitcoin is immune to inflationary money printing. This scarcity makes it especially attractive as a store of value, particularly during times of global economic uncertainty, potentially supporting long-term price appreciation.

04 - Technology and Scalability: Innovations like the Lightning Network and Taproot, aimed at improving scalability and transaction efficiency, could help increase Bitcoin's utility—making it more accessible for daily use and positively impacting its market value.

Global adoption of Bitcoin: The path toward financial inclusion

Bitcoin adoption is rising globally, especially in regions where traditional financial systems are inefficient or inaccessible. Countries facing economic instability, such as those plagued by high inflation or currency crises, are increasingly viewing Bitcoin as a viable alternative. Financial inclusion is a key driver of this adoption, as Bitcoin offers financial services to people excluded from the traditional banking sector.

01 - Emerging Markets: In countries like Brazil, Argentina, Nigeria, and others, demand for Bitcoin has grown as people seek to protect their assets from the devaluation of local currencies. In these regions, Bitcoin functions as both a store of value and a medium of exchange free from central authority control.

02 - Adoption by Governments and Businesses: As more companies and even governments embrace Bitcoin, its integration into the global economy could accelerate. El Salvador, for example, has shown it’s possible to adopt Bitcoin as an official currency, while more businesses are accepting it as a payment method—further legitimizing its role in global commerce.

03 - Education and Accessibility: As more people understand how Bitcoin works and appreciate its advantages—such as security, privacy, and financial freedom—adoption is likely to grow. Easier-to-use exchanges and improved wallet interfaces are making it simpler for everyday users to access and use Bitcoin.

Future scenarios: Optimism or caution?

Bitcoin's future remains uncertain, but several possible outcomes are taking shape. The optimistic scenario foresees greater price appreciation and widespread global adoption, driven by technological innovation, increased institutional trust, and the search for a decentralized alternative to the traditional financial system. In this case, Bitcoin could become a widely accepted form of payment and a global store of value, with prices reaching new all-time highs.

On the other hand, the more cautious scenario suggests that obstacles like government regulation, competition from other digital currencies, and potential technical shortcomings could prevent Bitcoin from becoming central to the financial system. Furthermore, price volatility could deter those seeking stability and security.

In summary, predictions about Bitcoin’s price and global adoption are undeniably complex and influenced by a wide range of factors. Bitcoin’s future will depend on how society, governments, and businesses respond to this new form of money. While the potential for appreciation is significant, the risks and volatility involved cannot be ignored. As global adoption increases and technology continues to evolve, it will be essential to closely monitor the developments shaping Bitcoin’s role in the global financial landscape.

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!

@ cefb08d1:f419beff

https://stacker.news/items/994252

@ 90c656ff:9383fd4e

With the growing digitalization of money, governments around the world have begun developing Central Bank Digital Currencies (CBDCs) in response to the rising popularity of Bitcoin. While Bitcoin represents a decentralized and censorship-resistant financial system, CBDCs are digital versions of fiat currencies, directly controlled by central banks. This emerging competition could shape the future of money and define the balance between financial freedom and state control.

Key differences between Bitcoin and CBDCs

Bitcoin and CBDCs differ in nearly every fundamental aspect:

01 - Centralization vs Decentralization: Bitcoin operates on a decentralized network where no government or entity can change the rules or censor transactions. CBDCs, on the other hand, are issued and managed by central banks, enabling greater control over the circulation and use of money.

02 - Fixed Supply vs Controlled Inflation: Bitcoin has a fixed supply of 21 million units, making it a scarce and deflationary asset. CBDCs can be issued without limits, much like traditional fiat currencies, and are subject to inflationary monetary policies.

03 - Privacy vs Surveillance: Bitcoin allows pseudonymous transactions, ensuring a certain degree of financial privacy. CBDCs may be designed to track every transaction, enabling full governmental oversight—and potentially, control over how citizens spend their money.

04 - Censorship Resistance vs State Control: Bitcoin enables anyone to transact without needing third-party approval. CBDCs, being centralized, could be used by governments to restrict undesirable transactions or even freeze funds at the press of a button.

What are governments aiming for with CBDCs?

The introduction of CBDCs is often promoted with benefits such as:

01 - Greater efficiency in financial transactions by removing intermediaries and reducing banking costs.

02 - Easier implementation of economic policies, such as direct stimulus payments or automated taxation.

03 - Enhanced ability to combat illegal activities through real-time transaction tracking.

However, these justifications raise serious concerns about the erosion of financial privacy and the expansion of government power over the monetary system.

Bitcoin as an alternative to CBDCs

The rise of CBDCs may, in fact, reinforce Bitcoin’s position as the true alternative to state-controlled money. As citizens become aware of the risks associated with a fully centralized financial system, demand for a decentralized, censorship-resistant asset like Bitcoin may increase.

01 - Protection from state control: Bitcoin empowers users with full sovereignty over their money, free from arbitrary freezes or confiscations.

02 - Preservation of financial privacy: Unlike CBDCs, which may monitor every transaction, Bitcoin offers a level of anonymity that shields individuals from excessive surveillance.

03 - Store of value against inflation: While governments can endlessly issue CBDCs, Bitcoin’s guaranteed scarcity positions it as a hedge against irresponsible monetary policy.

In summary, the competition between Bitcoin and CBDCs is set to become one of the defining financial battles of the future. As governments seek to reinforce their control through centralized digital currencies, Bitcoin remains the leading option for those who value financial independence and protection from state surveillance. The choice between a free, decentralized financial system and a monitored, government-controlled one may determine the course of the digital economy for decades to come.

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!

@ 9b12847f:9a3ee831

What is the CGT loan trap?

The Capital Gains Tax (CGT) loan trap, is where you take a bitcoin-backed loan, expecting that providing the collateral does not trigger CGT, only to find that it does trigger CGT.

Oof.

It's a particularly dangerous trap for plebs because bitcoin collateralised lending typically requires over-collateralisation which is often 2x the amount being borrowed. This means if CGT is triggered on the provision of the collateral, your CGT is 2x the CGT bill had you just sold down the bitcoin for the amount you borrowed.

That's without adding the additional cost of the interest on the loan; more oof.

Why it's important to pay attention to this

Firstly because if you're caught in the trap, you're the one who is liable and not the Lender.

Secondly, because all bitcoin transactions are permanent records and you can reasonably assume that future tax collection sleuths will backtrack through yesterday's transactions. Lenders who KYC their customers provide an easy data collection point for tax collectors, and that data doesn't go away.

And lastly, because there is no emerging signs of fiscal responsibility at the sovereign level, so it's reasonable to assume tax agencies are being directed to increase collections .. and bitcoiners aren't going to get any sort of pass there.

And of course, the bigger the Bitcoin network grows, the more attractive bitcoin collateralised lending will be, and the the more attention it will garner .. and some of that will be from tax collectors.

So, what determines if CGT is applicable?

The concept of beneficial ownership is the relevant term to understand and pay attention to. A change in beneficial ownership is what tax authorities use as the trigger to determine if a CGT event has occurred. This isn't a term or concept isolated to my country (Australia) or the US or the UK or Europe - it's one that's been actively harmonised across the G20. It applies to all asset classes.

The beneficial owner is the one who enjoys the benefits of the asset. It's slightly different to the concept of legal owner which is the person or entity on a government register as the "owner" of the asset.

And if you're a bitcoiner reading this, you're probably already aware that there is no government register of the "ownership of bitcoin" - that's very literally what the timechain, and your bitcoin private keys, are .. but we digress.

Where there is a change in the beneficial owner of an asset, that triggers a CGT liability. This isn't new, it's not related to bitcoin specifically but to all asset classes, and it is consistent over a wide group of countries. The way that each jurisdiction legislates, enforces and applies it will vary somewhat.

So let's explore how that relates to providing collateral in bitcoin-backed loans.

Types of bitcoin backed loans

Bitcoin represents pristine and unimpeachable collateral, so any dollar lender should be happily accepting it as collateral from their perspective. But let's focus on the issue of changing beneficial ownership and how that ties into the borrower's CGT liabilities.

There are loans available from platforms that provide the dollar liquidity, and there are loans from peers.

Loans from platforms

Loans from platforms are going to require KYC information because there is a centralised lender and that will come with a legal construct. The three things to pay attention to are:

1. Legal terms and conditions

Ideally, the platform terms should have a statement that acknowledges the unchanged beneficial ownership of the collateral by the borrower, as long as the borrower does not default on the loan.

There may not be such a statement, and if there is not, then the next point on how the collateral is managed needs some careful attention.

The immediate red-flag is if the terms categorically state that there is a change of beneficial ownership of the collateral; being a party to such a contract would legally acknowledge that you transferred beneficial ownership, triggering CGT.

NB: The legal terms and conditions should be generally accessible. If they aren't available then request them from support. If they're not forthcoming, then it's a giant red flag and I'd recommend you exit stage left.

1. How the collateral is custodied

A key test that is used to determine if beneficial ownership has changed is the custody of the asset(s). If bitcoin as collateral is kept in a discrete location, and is not pooled with other collateral, then there is a strong case to maintain the chain of unbroken beneficial ownership.

By contrast, collateral that is sent into a "pool" can be deemed to be disposed of, since it's not the same bitcoin that is being returned on successful completion of the loan. I am personally aware of plebs who have been "bitten" by using lending services who "pool" collateral from multiple loans into a pool, and consequently receive different bitcoin on loan completion. The safe assumption is that collateral that is pooled, will be deemed a disposal for CGT events.

1. Whether collateral can be re-hypothecated

Ignoring the very dubious issues around re-hypothecation more generally, (who remembers BlockFi, Celsius, Genesis, 3Arrows Capital etc), from a CGT trigger event perspective, if collateral can be re-hypothecated, it will likely be deemed a disposal for CGT purposes.

Loans that are peer-to-peer

There are other borrowing mechanisms that are based on enabling borrowing interaction directly between peers. These typically do not need to introduce the privacy and security risks of KYC, and so consequently do not require a specific legal contract between the peers.

The "terms" of the agreement are defined in the code that implements the contract between the parties, with the collateral held in a multi-party escrow, and returned to the Borrower should they successfully repay their loan. Only if the loan is NOT repaid, or needs to be liquidated, does the collateral change ownership.

In an ideal world, the usage terms for such platforms would acknowledge that the collateral provided by the Borrower remains their unchanged beneficial ownership unless the contract is liquidated, or the loan is not repaid.

Examples of platforms that allow peers to connect and create contracts for borrowing between themselves include Debifi, Lend at HodlHodl, Firefish and Lendasat.

How did I end up down this rabbit hole?

I narrowly avoided falling into precisely this trap recently when I was considering a loan from https://ledn.io I was curious that the Loan terms weren't available to review on their site, or from the customer dashboard after I signed up.

They happily provided them on request (https://www.ledn.io/legal/usd-loan-agreement), and once I got to Section 7 (b), it became clear this wasn't a product I wanted to use because every supply of collateral to Ledn, for any loan, would automatically trigger a CGT event.

Ledn, like every other lending platform, do not offer tax advice, and are clear to state the tax implications of using their products are up to the borrower to assess with their appropriate advisors.

Like many things in Bitcoin, this then made me curious about how widespread this practice was, what the underlying legal definitions were, how widely and harmoniously they were applied .. and here we are .. writing (and reading) blog posts!

So why borrow against your bitcoin at all?

Bitcoin-backed loans can potentially provide a mechanism to access dollars, without selling your bitcoin, and thereby deferring CGT on the sale of bitcoin.

For bitcoiners who've humbly stacked sats for several cycles, borrowing against your bitcoin, may provide a mechanism to further delay spending or selling sats, thereby increasing your purchasing power further.

When you borrow against your bitcoin, you are expecting bitcoin to continue to increase in purchasing power, and at a higher rate than the cost of the interest on the loan. Based on 16 years of bitcoin price history, this is a pretty safe assumption.

Don't however, make assumptions on CGT events that can potentially undermine the entire financial logic of going down this route in the first place; check carefully.

What will definitely trigger a CGT event?

Firstly and most obviously, if you take a bitcoin collateralised loan, and fail to repay the loan or are margin called and liquidated, then that portion of the collateral required to extinguish your loan will be sold. That's clearly a change of beneficial ownership, and that transaction will trigger a CGT liability.

Next, any service or product which explicitly requires you to acknowledge a change of beneficial ownership of the collateral on lodgement, will also trigger a CGT event.

After that, as we outlined earlier, pay close attention to collateral custody mechanisms and transparency and clarity on re-hypothecation - both of which are potential CGT trigger events.

So what's worth checking out?

Currently these are the lending offers that I'm aware of that are worth considering and I understand don't fall foul of the three key aspects outlined above.

• https://debifi.com

• https://firefish.io

• https://lend.hodlhodl.com

• https://lendasat.com/

As always, do your own checking, and validate with your accounting/legal advisors; the consequences of getting this wrong are potentially significant.

To be clear, I've no financial interest in any of these platforms, nor have I been paid to write this article, nor do I use referral codes. I have used some of these platforms, and believe them all to be operated by reputable teams with high integrity.

Final thoughts

Lastly, for those coming to the @bitcoinbushbash at the end of July in Palm Cove Queensland, I'll be presenting a session on this topic.

@ eb0157af:77ab6c55

A new investment vehicle combines exposure to Bitcoin with downside protection based on the price of gold.

On May 29, Cantor Fitzgerald Asset Management announced the launch of an investment product that merges direct exposure to Bitcoin with a bearish hedge linked to gold.

According to the financial institution, the new fund offers a solution for investors seeking to benefit from the growth potential of the leading cryptocurrency while maintaining a safety net tied to the precious metal.

Fund features

The fund is structured with a five-year term and no cap on potential upside, allowing investors to fully capture Bitcoin’s growth. The “1-to-1” protection mechanism means that any losses on Bitcoin would be offset by corresponding gains from gold.

Brandon Lutnick, Chairman of Cantor and son of former CEO Howard Lutnick (now Commerce Secretary in the Trump administration), called the product “a truly revolutionary investment vehicle” that helps investors access Bitcoin’s potential while providing downside protection. “There are still people on the Earth that are still scared of Bitcoin, and we want to bring them into this ecosystem,” Lutnick added.

The fund marks Cantor Fitzgerald’s first BTC-focused investment product. The firm, with 79 years of history and $14.8 billion in assets under management, is making its first significant move into the Bitcoin market.

The announcement follows the closing of its first round of financing agreements with Maple Finance and FalconX. Through its “Bitcoin Financing Business” division, Cantor plans to initially make up to $2 billion in financing available to institutional clients.

The post Cantor Fitzgerald launches Bitcoin fund with gold hedge appeared first on Atlas21.

@ 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

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

@ 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

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.

@ 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

@ a10260a2:caa23e3e

Last Updated: May 31, 2025

First off, big shoutout to Coinos for having support for adding a memo to BOLT12 offers. This provides a solid alternative for the pleb who wants to support mining decentralization but doesn’t want to set up a CLN node and pay thousands of sats for a channel only to get little rewards. This is the case for most of us who only have a miner or two (e.g. a Bitaxe and/or an S9).

Before we get into setting up Lightning payouts, you’ll want to have your miner configured to mine with OCEAN of course. You’ll also want to make sure that the bitcoin address you use is from a wallet that supports signing messages.

These are the ones listed in the OCEAN docs:

• Bitcoin Knots/Bitcoin Core
• Coldcard
• Electrum
• LND (Command Line)
• Seedsigner
• Sparrow
• Specter
• Trezor

I checked one of my favorite, user-friendly wallets — Blue Wallet — and it happens to support signing messages as well.

Just tap the three dots on the upper right and you’ll see the “Sign/Verify Message” button at the bottom.

Update [January 18]: You can now use Coinos to sign by going to https://coinos.io/sign

The trick here is to not refresh the page. In other words, when you're logged in to your Coinos account, go to the URL and use the legacy address (starts with a "1") that's displayed to configure your miner(s). If you refresh the page, you're going to get a new address which will cause the signing to fail later on. Remember, keep the tab open and don't refresh the page.

Whichever wallet you choose, generate a receive address to use when configuring your miner (it’ll also be your OCEAN username).

Here’s how it looks on the Bitaxe (AxeOS)…

And the Antminer S9 (Braiins OS).

NOTE: There’s a slight difference in the URL format between the two apps. Other than that, the username will be your bitcoin address followed by the optional “.” + the nickname for your machine.

You can find more details on OCEAN’s get started page.

---

Alright, now that your miner is pointed at OCEAN. Let’s configure Lightning payouts!

Generating the BOLT12 Offer

In the Coinos app, go to Receive > Bolt 12. This should be opened in another tab from the one we're using to sign the the configuration message.

Tap “Set memo” and set it to “OCEAN Payouts for [insert your bitcoin address]” (this text is case-sensitive). Use the same bitcoin address you used above to configure your miner(s).

After tapping OK, copy the BOLT12 offer (it should start with “lno”) and proceed to the next step.

Generating the Configuration Message

Navigate to the My Stats page by searching for your OCEAN Bitcoin address.

The click the Configuration link next to Next Block to access the configuration form.

Paste the BOLT12 offer here, update the block height to latest, click GENERATE, and copy the generated unsigned message.

Signing the Configuration Message

To sign the generated message, go back to Blue Wallet and use the signing function. Paste the configuration message in the Message field, tap Sign, and copy the signed message that’s generated.

If you're using Coinos to sign, return to the page that you kept open (and didn't refresh) and do the same. Paste the configuration message, click submit, and copy the signed message.

Submitting the Signed Message

Once signed, copy the signature, paste it in the OCEAN configuration form, and click CONFIRM.

If all goes well, you should see a confirmation that the configuration was successful. Congrats! 🎉

All you gotta do now is sit back, relax, and wait for a block to be found…

Or you can look into setting up DATUM. 😎

@ 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.

@ 8bad92c3:ca714aa5

Key Takeaways

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

Best Quotes

"Bitcoin is worthless if you have no time."

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

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

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

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

Conclusion

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

Timestamps

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

Transcript

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

@ 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

@ 8bad92c3:ca714aa5

Key Takeaways

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

Best Quotes

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

Conclusion

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

Timestamps

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

Transcript

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

@ 7f6db517:a4931eda

People forget Bear Stearns failed March 2008 - months of denial followed before the public realized how bad the situation was under the surface.

Similar happening now but much larger scale. They did not fix fundamental issues after 2008 - everything is more fragile.

The Fed preemptively bailed out every bank with their BTFP program and First Republic Bank still failed. The second largest bank failure in history.

There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.

Our President and mainstream financial pundits are currently pretending the banking crisis is over while most banks remain insolvent. There are going to be many more bank failures as this ponzi system unravels.

Unlike 2008, we have the ability to opt out of these broken and corrupt institutions by using bitcoin. Bitcoin held in self custody is unique in its lack of counterparty risk - you do not have to trust a bank or other centralized entity to hold it for you. Bitcoin is also incredibly difficult to change by design since it is not controlled by an individual, company, or government - the supply of dollars will inevitably be inflated to bailout these failing banks but bitcoin supply will remain unchanged. I do not need to convince you that bitcoin provides value - these next few years will convince millions.

---

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

@ c2865f41:eaff678a

Unwilling to investigate. No interpellation of neighbors, witnesses, experts. No report emitted commenting on the petition, but just ignoring to answer. As such O.S.R. calls upon the justice system to address the wrongs. The analog drawing of geometer at the time of entree in the register of the O.S.R property

See the map attached, it is annotated and self-explaining, could not be clearer. O.S.R challenges the court to convoke when still alive), and any explanation he can give as to his drawing, now ignored by the same instance(Plav Cadastre) that mandated him in the first place. The example record

See attachment: the example record is out of a Swiss register, note the precise identity and details, address etc. of the owner of said parcel. That is what the constitution of Montenegro subscribes to: to have similar practices respected. The trail into the forest See attachment, another supporting map, as an example of the practices that are pertinent to justify an immediate injunction by the court, of all activities on the contested parcels.

@ 2e8970de:63345c7a

Enfortumab Vedotin and Pembrolizumab doubled survival rates, with fewer serious side effects in advanced bladder cancer.

https://www.nejm.org/doi/full/10.1056/NEJMoa2312117

https://stacker.news/items/993799

@ 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

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.

@ 8bad92c3:ca714aa5

Key Takeaways

In this episode, Bram Kanstein delivers a powerful exploration of how studying money for thousands of hours led him to a single, life-changing conclusion: Bitcoin is the key to preserving value and reclaiming personal agency in an increasingly unstable world. Through the lens of a disillusioned millennial generation—raised with technological optimism but betrayed by economic reality—Bram exposes the fiat system as one built on illusion, debt, and diminishing returns. He explains how Bitcoin’s transparent, rule-based design offers a principled alternative, especially for those wired to question systems and seek truth. Describing the fiat economy as a “high-velocity trash system” that undermines innovation and long-term planning, he argues Bitcoin creates the time and space to think, build, and live freely. As AI reshapes the labor market, Bram sees Bitcoin as a vital foundation for individuals to adapt, maintain sovereignty, and thrive in a future defined by rapid technological disruption.

Best Quotes

“Anything that you would want to fix in the world is broken because the money is broken.”

“You’re stacking nothing. Literal paper.”

“You have to red pill before you orange pill.”

“The only thing you need to do is move to the other money that they cannot mess with.”

“One Bitcoin is one Bitcoin. That’s the whole point.”

“Millennials are primed to understand Bitcoin.”

“Bitcoin lets you get out of the rat race and start walking your own path.”

“The fiat mindset is a zero-sum game. In Bitcoin, value is created.”

“We should stop asking how to value Bitcoin—and start asking how to value everything else in Bitcoin.”

“Even with a master’s in economics, people still don’t understand what money is.”

Conclusion

This episode delivers a powerful call to rethink everything we assume about money, arguing that understanding Bitcoin is less about profit and more about reclaiming personal agency in a world defined by uncertainty. Bram Kanstein shows how asking fundamental questions—like “What is money?”—can lead to a deeper sense of purpose and autonomy. As AI and systemic instability accelerate, Bitcoin emerges not just as sound money, but as a life tool for intentional living, long-term thinking, and individual sovereignty.

Timestamps

0:00 - Intro
0:36 - INTJ bitcoiners
4:58 - The millennial headspace is primed for bitcoin
7:25 - Bitcoin gives time and space to build
15:29 - Fold & Bitkey
17:05 - Seeing systemic problems
26:25 - Bitcoin’s positive feedback loop
33:55 - Recognize your agency
37:58 - Unchained
38:27 - Fiat money creates uncertainty
44:41 - What is money?
54:04 - Money and energy
1:03:43 - Bitcoin allows growth
1:09:02 - Bitcoin/AI
1:31:34 - Optimistic note

Transcript

(00:00) Let's say you're a millennial and mid-30s and you want to retire in 30 years. If you calculate the amount of dollar, pound the euro, yen units. You need way more units of that money than you think right now. They are funding pension funds, but the pension funds are using that money for the people that are actually retiring.
(00:17) No one knows about money. They don't know how debt works, how finance works. But that's kind of how it's designed, right? Like that's what eventually keeps the Ponzi alive. And I just started with the question, what do you think happens if you call the bank and say like, hey, can I get 100 or 200k in cash? Man, you got an editor like in house.
(00:39) That's That's pro. That's uh it's because this setup I'm so far away from the computer. I just need somebody to hit the button. Okay. Okay. the extent the extent of of Logan's job extends far beyond just hitting the button. But yeah, INTJ I think uh I think it was as we rear into what looks to be another bull market.
(01:05) I think getting back to first principles and discussing the challenges of studying and understanding Bitcoin, it's important to to highlight the archetype of individuals who have studied fallen down the rabbit hole and really dedicated their lives to Bitcoin. And this INTJ cohort that exists within Bitcoin seems pretty material apparently. Yeah.
(01:35) I mean, I have many moments where I just realize that I'm lucky that my brain is wired in a certain way, you know. I feel like crazy blessed that I figured out this Bitcoin thing, you know, and that when I ran into certain realizations along the way in my Bitcoin journey that I was like, hm, you know, how does this actually work? you know, do I actually understand the systems I'm participating in, the things that I believe, you know, the the the the people that I abstracted um or or outsourced certain responsibilities to to take care of, for example, my money
(02:10) in the bank. You know, I I think um being wired in a certain way definitely helps in grasping Bitcoin to a degree where you're like, okay, this is the only thing I need to pay attention to, you know, in my life. And yeah, we we jokingly started talking about this because I have the hat here, but there was this um I think it was like like a Twitter poll actually or someone shared it on Twitter and this is already like two or three years old where where someone investigated these MyersBriggs um personality types and I think there's
(02:42) only like 2% of people that have INTJ but like 20% of Bitcoiners have that personality type. So it um it apparently helps. So yeah, I just I just quickly Googled it actually. It says uh the INTJ is the architect. It's a personality type with the introverted intuitive thinking and judging traits. These thoughtful tacticians love perfecting the details of life, applying creativity and rationality to everything they do.
(03:09) I think the rationality part here is what um what uh I think helps you to to gro Bitcoin eventually. Yeah, it reminds me of I forget what the study was, but postco it was a similar distribution of just like 2% of people were highly skeptical of what was going on with the lockdowns and the attack on bodily autonomy.
(03:38) And there was a study that was done about I forget it was bees or some type of fly that they they have like the horde of um the horde of the particular fly I think it was bees has like 2% act as these sort of alarm bells that are on the outside the outskirts of the community and they'll start communicating like hey something's wrong here and people the other flies or bees will be skeptical at first but then eventually uh the alarm bells will be proven to be right that there was some sort of danger around the corner. That's fascinating.
(04:09) Yeah. Yeah, that's fascinating. I I think we're not that special eventually, you know, like we think we have all this autonomy, but but um yeah, we're we're just wired in a certain way. And I think I don't know where you want to take this conversation, but I think, you know, part of growing up and being an adult is figuring out, you know, how do I actually work and how do I work with how I work, you know? Yeah. No, it is.
(04:36) And as I get older, creep into my mid-30s, which is hard hard to come to grips with, it is uh really falling back on like, all right, I I feel like I have a good perspective on the world and my place in it, and how do I just optimize to make sure I'm aligning my my work and my career, I guess, if you call it that, with what I'm passionate about. Yeah.
(05:00) Well, I also think that is actually why our generation, you know, my my podcast is Bitcoin for millennials. I think uh the millennials are primed to understand Bitcoin. You know, we are in this life phase where big things happen, you know, starting a family or settling somewhere or or making big career moves or decide Yeah.
(05:25) like deciding what am I going to spend like the next 10 20 years on and uh I think it's an interesting phase actually I I don't know how that was for you but but for me like the the 30s were really where I dove more and more into Bitcoin like got got that stronger conviction and also yeah kind of was invited to go further down that that rabbit hole you know and like how I see it now is that that Bitcoin is really the foundation for the rest of my life, you know, like it it gives me time and space to look forward and enthusiasm, you know, like I sometimes lurk on the
(06:01) millennial subreddit, you know, or the finance sub subreddit. And many people in our generation are very nihilistic, you know, they're very unsure about the future. Like some people aren't even having kids because they think they cannot afford it, you know. And uh whenever I read that, I just think like, yeah, I I don't really have those things.
(06:22) But I know it's because of Bitcoin, you know. I I know that Bitcoin gives me, yeah, like I said, the time and space to figure out what's next, like what should I focus on? Like it gives time and space to to try out stuff, to build something, you know, to to to really attempt at at doing something. Where I see many people that don't see that, they are more in the consumer type, you know, like they they just spend the money that's worth the most today, you know, like that's what they're incentivized to do. Yeah.
(06:49) And is is that why you started Bitcoin for millennials is to number one put the put the message out there. Millennials come listen to this. One of you Yes. that is trying to educate you about this. But because this is something I think about a lot is somebody's like dead smack in the middle of the millennial generation and has observed many of the things you just described in my own life, my own network.
(07:13) And that's part of the reason why this podcast exists. And um what I'm trying to do at TFTC is just try to figure out a way to reach into the minds of millennials, hopefully c

@ 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.

@ eb0157af:77ab6c55

The blockchain analytics firm claims to have identified the Bitcoin addresses held by the company led by Saylor.

Arkham Intelligence announced it had identified addresses linked to Strategy. According to Arkham’s statements, an additional 70,816 BTC connected to the company have been identified, with an estimated value of around $7.6 billion at current prices. This discovery would bring the total amount of Strategy’s identified holdings to $54.5 billion.

SAYLOR SAID HE WOULD NEVER REVEAL HIS ADDRESSES … SO WE DID

We have identified an additional 70,816 BTC belonging to Strategy, bringing our total identified MSTR BTC holdings to $54.5 Billion. We are the first to publicly identify these holdings.

This represents 87.5% of… pic.twitter.com/P3OVdVrhQL

— Arkham (@arkham) May 28, 2025

The analytics firm claims to have mapped 87.5% of Strategy’s total holdings. In a provocative post on X, Arkham wrote:

“Saylor said he would never reveal his addresses. So, we did it for him.
Previously, we tagged:
– 107,000 BTC sent to MSTR’s Fidelity deposits (Fidelity does not segregate custody, so these BTC do not appear in the MSTR entity)
– Over 327,000 BTC held in segregated custody, including Coinbase Prime, in our MSTR entity.”

Arkham’s revelations directly clash with Michael Saylor’s public statements on wallet security. During the Bitcoin 2025 conference in Las Vegas, the Strategy chairman explicitly warned against publishing corporate wallet addresses.

“No institutional or enterprise security analyst would ever think it’s a good idea to publish all the wallet addresses so you can be tracked back and forth,” Saylor said during the event.

The executive chairman of Strategy added:

“The current, conventional way to publish proof-of-reserves is an insecure proof of reserves… It’s not a good idea, it’s a bad idea.”

He compared publishing wallet addresses to “publishing the addresses, bank accounts, and phone numbers of your kids hoping it will protect them — when in fact it makes them more vulnerable.”

Finally, the executive chairman suggested using artificial intelligence to explore the security implications of such a practice, claiming that in-depth research could produce “50 pages” of potential security risks.

The post Arkham reveals 87% of Strategy’s Bitcoin addresses appeared first on Atlas21.

@ 2dd9250b:6e928072

Durante a década de 1990, houve o aumento da globalização da economia, determinando a adição do fluxo internacional de capitais, de produtos e serviços. Este fenômeno levou a uma interdependência maior entre as economias dos países. Justamente por causa da possibilidade de que um eventual colapso econômico em um país resulte no contágio dos demais. Diante disso, aumentou a preocupação com os riscos incentivando a utilização de sofisticados modelos e estratégias de avaliação de gestão de risco.

Na década, ganharam destaque ainda os graves problemas financeiros enfrentados, entre outros, pelo banco inglês Barings Bank, e pelo fundo de investimento norte-americano Long Term Capital Management.

Outro grande destaque foi a fraude superior a US$ 7 bilhões sofrida pelo banco Société Generale em Janeiro de 2008.

O Barings Bank é um banco inglês que faliu em 1995 em razão de operações financeiras irregulares e mal-sucedidas realizadas pelo seu principal operador de mercado. O rombo da instituição foi superior à US$ 1,3 Bilhão e causado por uma aposta equivocada no desempenho futuro no índice de ações no Japão. Na realidade, o mercado acionário japonês caiu mais de 15% na época, determinando a falência do banco. O Baring Bank foi vendido a um grupo financeiro holandês (ING) pelo valor simbólico de uma libra esterlina.

O Long Term Capital Management era um fundo de investimento de que perdeu em 1998 mais de US$ 4,6 bilhões em operações nos mercados financeiros internacionais. O LTCM foi socorrido pelo Banco Central dos Estados Unidos (Federal Reserve ), que coordenou uma operação de socorro financeiro à instituição. A justificativa do Banco Central para esta decisão era "o receio das possíveis consequências mundiais da falência do fundo de investimento".

O banco francês Société Generale informou, em janeiro de 2008, uma perda de US$ 7,16 bilhões determinadas por fraudes efetuadas por um operador do mercado financeiro. Segundo revelou a instituição, o operador assumiu posições no mercado sem o conhecimento da direção do banco. A instituição teve que recorrer a uma urgente captação de recursos no mercado próxima a US$ 5,0 bilhões.

E finalmente chegamos ao caso mais problemático da era das finanças modernas anterior ao Bitcoin, o caso Lehman Brothers.

O Lehman Brothers era o 4° maior de investimentos dos EUA quando pediu concordata em 15/09/2008 com dívidas que superavam inacreditáveis US$ 600 bilhões.

Não se tinha contas correntes ou talão de cheques do Lehman Brothers. Era um banco especializado em investimentos e complexas operações financeiras. Havia feito pesados investimentos em empréstimos a juros fixos no famigerado mercado subprime, e o crédito imobiliário voltado a pessoas consideradas de forte risco de inadimplência.

Com essa carteira de investimentos que valia bem menos que o estimado e o acúmulo de projetos financeiros, minou a confiança dos investidores na instituição de 158 anos. Suas ações passaram de US$ 80 a menos de US$ 4. Acumulando fracassos nas negociações para levantar fundos; a instituição de cerca de 25 mil funcionários entrou em concordata.

O Federal Reserve resgatou algumas instituições financeiras grandes e tradicionais norte-americanas como a seguradora AIG no meio da crise. O Fed injetou um capital de US$ 182, 3 bilhões no American International Group (AIG).

Foi exatamente essa decisão do Fed em salvar alguns bancos e deixar quebrar outros, que causou insegurança por parte dos clientes. E os clientes ficaram insatisfeitos tanto com os bancos de investimentos quanto com as agências de classificação de risco, como a Standard & Poor's que tinha dado uma nota alta para o Lehman Brothers no mesmo dia em que ele quebrou.

E essa foi uma das razões pelo qual o Bitcoin foi criado. Satoshi Nakamoto entendeu que as pessoas não estavam mais confiando nem no Governo, nem nos Bancos Privados que o Governo federal restagatava quando eles quebravam e isso prejudicou muita gente. Tanto que o “hash” do Genesis Block contém o título do artigo “Chancellor on brink of second bailout for banks” (Chanceler à beira de segundo resgate para bancos, em português) da edição britânica do The Times.

Esse texto foi parcialmente editado do texto de ASSAF Neto, CAF (2014).

@ 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

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

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

Key Risks of Custodial Lightning Wallets

*1. Hacks and Exit Scams*

Custodians centralize large amounts of bitcoin, attracting hackers:

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

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

*2. Censorship and Account Freezes*

Custodians comply with regulators, risking fund seizures:

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

*3. Privacy Erosion*

Custodians log user activity, exposing sensitive data:

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

*4. Service Downtime*

Centralized infrastructure risks outages.

*5. Inflation of Lightning Network Centralization*

Custodians dominate liquidity, weakening network resilience:

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

How to Switch to Self-Custodial Lightning Wallets

Migrating from custodial services is straightforward:

*1. Choose a Non-Custodial Wallet*

Opt for wallets that let you control keys and channels:

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

*2. Transfer Funds Securely*

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

*3. Set Up Channel Backups*

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

*4. Best Practices*

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

Why Self-Custodial Lightning Matters

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

Self-custodial wallets now rival custodial ease.

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

Take action today:

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

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

@ 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.

@ d360efec:14907b5f

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

@ d360efec:14907b5f

@ b1ddb4d7:471244e7

This article was originally published on aier.org

Even after eleven years experience, and a per Bitcoin price of nearly $20,000, the incredulous are still with us. I understand why. Bitcoin is not like other traditional financial assets.

Even describing it as an asset is misleading. It is not the same as a stock, as a payment system, or a money. It has features of all these but it is not identical to them.

What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests of secure titles to ownership of a scarce good. Those without experience in the sector look at all of this and get frustrated that understanding why it is valuable is not so easy to grasp. 

In this article, I’m updating an analysis I wrote six years ago. It still holds up. For those who don’t want to slog through the entire article, my thesis is that Bitcoin’s value obtains from its underlying technology, which is an open-source ledger that keeps track of ownership rights and permits the transfer of these rights. Bitcoin managed to bundle its unit of account with a payment system that lives on the ledger. That’s its innovation and why it obtained a value and that value continues to rise. 

Consider the criticism offered by traditional gold advocates, who have, for decades, pushed the idea that sound money must be backed by something real, hard, and independently valuable. Bitcoin doesn’t qualify, right? Maybe it does. 

Bitcoin first emerged as a possible competitor to national, government-managed money in 2009. Satoshi Nakamoto’s white paper was released October 31, 2008. The structure and language of this paper sent the message: This currency is for computer technicians, not economists nor political pundits. The paper’s circulation was limited; novices who read it were mystified. 

But the lack of interest didn’t stop history from moving forward. Two months later, those who were paying attention saw the emergence of the “Genesis Block,” the first group of bitcoins generated through Nakamoto’s concept of a distributed ledger that lived on any computer node in the world that wanted to host it.

Here we are all these years later and a single bitcoin trades at $18,500. The currency is held and accepted by many thousands of institutions, both online and offline. Its payment system is very popular in poor countries without vast banking infrastructures but also in developed countries. And major institutions—including the Federal Reserve, the OECD, the World Bank, and major investment houses—are paying respectful attention and weaving blockchain technology into their operations.

Enthusiasts, who are found in every country, say that its exchange value will soar even more in the future because its supply is strictly limited and it provides a system vastly superior to government money. Bitcoin is transferred between individuals without a third party. It is relatively low-cost to exchange. It has a predictable supply. It is durable, fungible, and divisible: all crucial features of money. It creates a monetary system that doesn’t depend on trust and identity, much less on central banks and government. It is a new system for the digital age.

Hard lessons for hard money

To those educated in the “hard money” tradition, the whole idea has been a serious challenge. Speaking for myself, I had been reading about bitcoin for two years before I came anywhere close to understanding it. There was just something about the whole idea that bugged me. You can’t make money out of nothing, much less out of computer code. Why does it have value then? There must be something amiss. This is not how we expected money to be reformed.

There’s the problem: our expectations. We should have been paying closer attention to Ludwig von Mises’ theory of money’s origins—not to what we think he wrote, but to what he actually did write. 

In 1912, Mises released The Theory of Money and Credit. It was a huge hit in Europe when it came out in German, and it was translated into English. While covering every aspect of money, his core contribution was in tracing the value and price of money—and not just money itself—to its origins. That is, he explained how money gets its price in terms of the goods and services it obtains. He later called this process the “regression theorem,” and as it turns out, bitcoin satisfies the conditions of the theorem.

Mises’ teacher, Carl Menger, demonstrated that money itself originates from the market—not from the State and not from social contract. It emerges gradually as monetary entrepreneurs seek out an ideal form of commodity for indirect exchange. Instead of merely bartering with each other, people acquire a good not to consume, but to trade. That good becomes money, the most marketable commodity.

But Mises added that the value of money traces backward in time to its value as a bartered commodity. Mises said that this is the only way money can have value.

The theory of the value of money as such can trace back the objective exchange value of money only to that point where it ceases to be the value of money and becomes merely the value of a commodity…. If in this way we continually go farther and farther back we must eventually arrive at a point where we no longer find any component in the objective exchange value of money that arises from valuations based on the function of money as a common medium of exchange; where the value of money is nothing other than the value of an object that is useful in some other way than as money…. Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility.

Mises’ explanation solved a major problem that had long mystified economists. It is a narrative of conjectural history, and yet it makes perfect sense. Would salt have become money had it otherwise been completely useless? Would beaver pelts have obtained monetary value had they not been useful for clothing? Would silver or gold have had money value if they had no value as commodities first? The answer in all cases of monetary history is clearly no. The initial value of money, before it becomes widely traded as money, originates in its direct utility. It’s an explanation that is demonstrated through historical reconstruction. That’s Mises’ regression theorem.

Bitcoin’s Use Value

At first glance, bitcoin would seem to be an exception. You can’t use a bitcoin for anything other than money. It can’t be worn as jewelry. You can’t make a machine out of it. You can’t eat it or even decorate with it. Its value is only realized as a unit that facilitates indirect exchange. And yet, bitcoin already is money. It’s used every day. You can see the exchanges in real time. It’s not a myth. It’s the real deal.

It might seem like we have to choose. Is Mises wrong? Maybe we have to toss out his whole theory. Or maybe his point was purely historical and doesn’t apply in the future of a digital age. Or maybe his regression theorem is proof that bitcoin is just an empty mania with no staying power, because it can’t be reduced to its value as a useful commodity.

And yet, you don’t have to resort to complicated monetary theory in order to understand the sense of alarm surrounding bitcoin. Many people, as I did, just have a feeling of uneasiness about a money that has no basis in anything physical. Sure, you can print out a bitcoin on a piece of paper, but having a paper with a QR code or a public key is not enough to relieve that sense of unease.

How can we resolve this problem? In my own mind, I toyed with the issue for more than a year. It puzzled me. I wondered if Mises’ insight applied only in a pre-digital age. I followed the speculations online that the value of bitcoin would be zero but for the national currencies into which it is converted. Perhaps the demand for bitcoin overcame the demands of Mises’ scenario because of a desperate need for something other than the dollar.

As time passed—and I read the work of Konrad Graf, Peter Surda, and Daniel Krawisz—finally the resolution came. Bitcoin is both a payment system and a money. The payment system is the source of value, while the accounting unit merely expresses that value in terms of price. The unity of money and payment is its most unusual feature, and the one that most commentators have had trouble wrapping their heads around.

We are all used to thinking of currency as separate from payment systems. This thinking is a reflection of the technological limitations of history. There is the dollar and there are credit cards. There is the euro and there is PayPal. There is the yen and there are wire services. In each case, money transfer relies on third-party service providers. In order to use them, you need to establish what is called a “trust relationship” with them, which is to say that the institution arranging the deal has to believe that you are going to pay.

This wedge between money and payment has always been with us, except for the case of physical proximity.

If I give you a dollar for your pizza slice, there is no third party. But payment systems, third parties, and trust relationships become necessary once you leave geographic proximity. That’s when companies like Visa and institutions like banks become indispensable. They are the application that makes the monetary software do what you want it to do.

The hitch is that

@ 866e0139:6a9334e5

Autor: Bernd Schoepe. Dieser Beitrag wurde mit dem Pareto-Client geschrieben. Sie finden alle Texte der Friedenstaube und weitere Texte zum Thema Frieden hier. Die neuesten Pareto-Artikel finden Sie in unserem Telegram-Kanal.

Die Anmerkungen zum Text (Fußnoten) folgen aus technischen Gründen gesondert.

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Die neuesten Artikel der Friedenstaube gibt es jetzt auch im eigenen Friedenstaube-Telegram-Kanal.

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„*Es handelt sich beim Krieg nicht nur um eine Zerstörung von (...) Millionen Menschen, sondern um die Zerstörung der gesamten sozialen, moralischen und menschlichen Struktur einer Gesellschaft, von der man überhaupt nicht voraussehen kann, welche weiteren Konsequenzen an Barbarei, an Verrücktheit sie (...) mit sich bringt. (..) *

Die Gewalt kann fast alles mit den Menschen machen. Es ist wichtig zu sehen, dass es nur fast alles ist. Sie kann mit einigen Menschen nicht das machen, was sie will, nämlich ihre seelische Struktur, ihre Überzeugungen ändern und mit allen Menschen kann sie nur das machen, was sie will, wenn sie gewisse, sehr schädliche Nebenerscheinungen in Kauf nimmt: die Nebenerscheinung der Verdummung, der Lähmung der Vitalität, der Einbildungskraft, dem Schöpferischsein des Menschen. In vielen Fällen aber sind die, die die Gewalt ausüben gar nicht daran interessiert, dass diese Folgen nicht eintreten. Im geschichtlichen Prozess allerdings bleiben diese Folgen von großer Wichtigkeit.“

Erich Fromm, Zur Theorie und Strategie des Friedens (1969).

„Solange Kriege geführt werden, wird uns Kummer plagen, werden kräftige Beine nutzlos werden und strahlende Augen dunkel.“

Sean O’ Casey, Der Preispokal

Der Friede geht uns alle an – Vom Krieg profitieren aber immer nur Wenige

Gerne komme ich zum Einstand als Mit-Autor dieses wunderbaren Projekts „Die Friedenstaube“ dem Wunsch nach, über meine biographischen Hintergründe in Bezug auf das Friedensthema zu schreiben. Obwohl mein erster Impuls doch eher zögerlich war: „Darauf kommt es doch gar nicht an!“, schoss es mir zunächst durch den Kopf. 

\ Geht der Frieden doch uns alle an, und zwar so stark, dass alle persönlichen Gründe, Motive, Unter-, Ober- und Zwischentöne zu dem Thema eigentlich kaum eine Rolle spielen können… – oder!? Erliegen wir nicht sogar einer ganz und gar deplatziert wirkenden Eitelkeit angesichts des „Alles oder Nichts“, um das es bei der Frage nach Krieg oder Frieden geht, wenn wir glauben, wir müssten, um für den Frieden einzutreten, irgendwelche individuellen Gründe oder spezielle biographische Motive ins Feld führen?

Für den Frieden muss man sein, weil und insoweit man ein Mensch ist (1). 

So grundsätzlich und selbstverständlich, wie es der Autor des berühmten Anti-Kriegsromans „Im Westen nichts Neues“, Erich Maria Remarque, ausdrückte:

„Ich dachte immer, jeder Mensch sei gegen den Krieg. Bis ich rausfand, dass es welche gibt, die dafür sind, nämlich die, die nicht hingehen müssen.“

Erneut ist dieses Zitat – und welche Bitterkeit und welcher „Abscheu vor der Weltgeschichte“ (Erwin Chargaff) liegen darin, dies konstatieren zu müssen! – zum Wort der Stunde geworden. Auch heute wird wieder von der herrschenden  Politik und den Leitmedien weitgehend ausgeblendet, welche Interessen hinter der allgemeinen Mobilmachung zum Krieg am Werke sind und wer von ihr wirklich profitiert.

Mit Erich Fromm gesprochen sind Kriegsbegeisterung und Kriegshysterie Kennzeichen von nekrophilen Gesellschaften. Wann hat sich unsere Gesellschaft offiziell so krass vom Leben und vom Wert des Lebendigen verabschiedet? Wie konnte es aufs Neue soweit kommen?

Die Zumutungen, die in der Logik, der Unterordnung unter das Prinzip der Nekrophilie liegen und die vom Krieg auf die Spitze getrieben werden, sind von Hannes Wader im „Einheitsfrontlied“ prägnant auf den Punkt gebracht worden:

„Und weil der Mensch ein Mensch ist

Drum hat er Stiefel im Gesicht nicht gern.

Er will unter sich keinen Sklaven sehen

*Und über sich keinen Herrn.“ *

(2) 

Die Ordnung des Krieges aber stellt in gewisser Weise die Vollendung der auf Herrschafts- und – in seiner neoliberalen Ausprägung – Markt- und Mammon-Vergottung und der auf Arbeitssklavengehorsam der Massen basierenden Abhängigkeits- und Ausbeutungsverhältnisse dar. Unter dessen Joch leben im Kapitalismus des 21.Jahrhunderts die Menschen weltweit. Wobei die Anzahl derer, die unter diesen Bedingungen in extremer Armut dahinvegetieren müssen –  schließlich setzt „leben“ ein Mindestmaß an Würde voraus – sich global auf über eine Milliarde Menschen beläuft. \ Willy Brandt hat gesagt: „Der Frieden ist nicht alles, aber ohne Frieden ist alles nichts“. Sein Gegenteil – der Krieg – ist die schlimmste Kollektiverfahrung, die eine Generation erleben kann. Zuletzt musste die Generation meiner Eltern und Großeltern diese Erfahrung durchmachen.

Wir Nachgeborenen können uns das Grauen, das Elend des Krieges, das unendliche Leid, das er über die Menschen bringt, nicht wirklich vorstellen. Wir können aber um die Ausmaße des Zivilisationsbruchs des Ersten Weltkrieges und dann, noch einmal furchtbar gesteigert, des Zweiten Weltkrieges wissen. Und als zum Mitfühlen fähige Wesen können wir ermessen, was es heißt, im Krieg zu sein:

„Keiner kommt aus dem Geschehen in einem Kriegsgebiet wieder heil raus, das macht etwas mit einem. Auf der anderen Seite (...) muss man sich immer klar machen, das eine ist das Geschehen im Kriegsgebiet, aber das andere sind die Kriegstreiber. (...) Sie sitzen da, wo einem nichts geschieht (...)“, 

so Patrick Baab, der als einer der wenigen Journalisten wiederholt im umkämpften Kriegsgebiet der Ost-Ukraine war und seine Eindrücke erster Hand in dem Buch „Auf beiden Seiten der Front. Meine Reisen in die Ukraine“ geschildert hat.

Dass diese Teilung in solche und solche, die Remarque in seinem Zitat lakonisch-pointiert thematisiert, auch heute wieder beobachtet werden muss, d.h. Politik und Leitmedien von (ahnungslosen?) Kriegsverharmlosern und Kriegstreibern und ihrem bellizistischen Geschrei beherrscht werden, während die Mehrheit des Volkes sich weiterhin sehnlichst Frieden wünscht, auf diesen erschreckenden Sachverhalt und was  aus ihm geschlossen werden müsste, hat Baab kürzlich im Interview mit dem Overton-Magazin hingewiesen (3).

Ein Hinweis am Ende dieser Einleitung:

Ich muss den Leser vorab um Geduld bitten, denn mein Text wird mit der autobiographischen Tür nicht gleich ins Haus, weder in das des Krieges noch in das des Friedens fallen. 

Die ersten Teile (II –V) werden im Zeichen der politischen Analyse stehen. Einer Analyse, die nicht vor dem Hintergrund meiner eigenen, sondern der bundesdeutschen Geschichte und einige ihrer größten blinden Flecken – mit Ulrike Guérot könnte man auch sagen „ihrer größten Märchen“– unternommen wird. Dass mein antimilitaristisches Ich in Interaktion zu dieser Geschichte stand und steht, muss wohl nicht eigens betont werden. 

Erst nach dieser Erkundung des Makrokosmos werden sich im Verlauf des Textes von da aus, nach einer Durchleuchtung seiner Bedingtheiten, Zugänge zum eigenen Mikrokosmos eröffnen. Sonst wären sie vermutlich als autobiographische Lesart des Themas nicht offen zu Tage getreten, möglicherweise mir sogar ganz verschlossen geblieben. So aber darf mit guten Gründen vermutet werden, dass das persönlich hier von mir Festgehaltene und Fokussierte nicht nur mich angeht. Vielmehr erscheint es in dem Maße verallgemeinerbar zu sein, wie durch den Fortgang meiner Darlegungen jeder Leser individuell (hoffentlich) ebenfalls dazu motiviert werden kann, die Frage zu reflektieren, was es bedeutet, wenn es sich bei der persönlichen Begegnung mit dem Krieg um eine Begegnung auf den zweiten oder sogar dritten Blick handelt?

Der Nachkriegs-„Frieden“ als die Zeit ernst gemeinter, nicht enden wollender Kriegsspiele

„Nie wieder Krieg! Nie wieder Faschismus!“

Das war die Lehre aus den Weltkriegs-Zivilisationszusammenbrüchen, die vor allem anderen, wenn auch auf verschiedene Weise, als DNA beiden deutschen Republiken, zu ihren Gründungszeiten eingeprägt wurde.

Was aber ist aus dieser DNA geworden? 

Heute lassen wir zu, dass in Manier des NS-Reichspropagandaministers Goebbels von „Kriegstüchtigkeit“ als Staatsziel schwadroniert wird (4), das man bitteschön mal bis 2030, mal schon 2027 erreicht haben müsse, weil sonst „der Russe“ am Brandenburger Tor stehe. Mit „Kriegstüchtigkeit“ sind immense, unvorstellbare Summen an Geld gemeint, neue Schulden, die in die Rüstung und Militarisierung der Gesellschaft fließen sollen und folglich anderswo, für eine menschliche, dem Leben dienende Politik, schmerzlich fehlen. Die Militarisierung soll nun wieder, wie im Wilhelminismus und im Dritten Reich, von Kindesbeinen an propagiert und gefördert werden. 

An den Schulen darf der Beutelsbacher Konsens mit seinem Überwältigungsverbot – er wurde schon in der Corona-Zeit mit schlimmsten Folgen für die Kinder und Jugendliche  missachtet (5 https://www.cicero.de/kultur/fuenf-jahre-schulschliessungen-corona-aufarbeitung) – nun auch der Wehrertüchtigung der jungen Generation und dem Ruf „Zu den Waffen!“ auf keinen Fall mehr im Wege stehen. Völlig abstrus: Schüler, die gegen die Kriegsertüchtigung an den Schulen protestieren, werden dafür von Pädagogen (!) wegen „Störung des Schulfriedens“ bestraft. Antimilitaristische, pazifistische Haltungen werden ausgegrenzt und kriminalisiert. Mittels Framings sind, wie schon in der Corona-Zeit, die Mainstream-Medien erneut eifrig dabei, die vernünftig-skeptischen Stimmen moralisch zu diskreditieren. Wurden zu Plandemie-Zeiten jene, die die Verhältnismäßigkeit der staatlichen Maßnahmen in Frage stellten und sich der systematisch betriebenen Panikmache und Massenpsychose verweigerten, öffentlich verächtlich gemacht, werden nun all jene, die für Abrüstung, Diplomatie und Völkerverständigung plädieren,  diffamiert und ins gesellschaftliche Abseits gestellt. 

Dennoch regt sich kein massenhafter Protest, der den Minister, der die Kriegstüchtigkeit zum Gesellschaftsziel erhoben hat, zum Rücktritt zwingen und die Journalisten zur Besinnung und zur Einhaltung professioneller Standards bringen könnte. Und das obwohl die Forderung nach Kriegstüchtigkeit – wie die gesamte Russland-Ukraine-Politik der bundesdeutschen Regierungen in den letzten fünfzehn Jahren – eine eklatante Verletzung der Friedenspflicht des Grundgesetzes darstellt. So gab Angela Merkel Ende 2022 bekannt, man habe die Verhandlungen um das 2015 ratifizierte Minsker Abkommen nur geführt, um der Ukraine genug Zeit zum Aufbau einer kriegsfähigen Armee und für das Aufrüsten zu geben (6). Die Ukraine sollte in die Lage versetzt werden, die Donbass-Provinzen zurückzuerobern, die sich in Folge von Kiews ultra-nationalistischer Politik seit 2015 sezessionistisch, mit Unterstützung Russlands, für autonom erklärt hatten. Ergänzt werden muss, dass in der Ukraine nach  den gewalttätigen Ereignissen auf dem Maidan, die zum Sturz von Janukowytsch führen sollte, ein den Faschismus verherrlichender, hybrider Nationalismus politisch die Oberhand gewann, der die vor allem im Osten des Landes lebende russische Bevölkerung zunehmend diskriminierte und ihre Kultur unterdrückte.

Die bundesdeutsche Öffentlichkeit nahm die absolut skandalöse Äußerung der ehemaligen Regierungschefin achselzuckend hin. Nicht einmal ansatzweise flammte eine Debatte darüber auf, wie viel diplomatisches Porzellan durch diese Täuschung des russischen Vertragspartners zerschlagen und wie stark dadurch die außenpolitische Glaubwürdigkeit der Bundesrepublik – die lange Zeit international als ehrlicher Makler des Interessenausgleichs gegolten hatte  – beschädigt wurde.

Was ist aus dem Vorschlag Michail Gorbatschows geworden, eine gemeinsame europäische Sicherheitsarchitektur von Lissabon bis Wladiwostok zu schaffen, den Präsident Putin beim Deutschland-Besuch 2001 noch einmal als sein umfassendes Angebot zur Zusammenarbeit an den Westen bekräftigt hatte? Damals sagte Putin in seiner weitgehend auf Deutsch gehaltenen Rede vor dem Bundestag:

*„Ohne eine moderne, dauerhafte und standfeste internationale Sicherheitsarchitektur schaffen wir auf diesem Kontinent nie ein Vertrauensklima und ohne dieses Vertrauensklima ist kein einheitliches Großeuropa möglich. Heute sind wir verpflichtet, zu sagen, dass wir uns von unseren Stereotypen und Ambitionen trennen sollten, um die Sicherheit der Bevölkerung Europas und die der ganzen Welt zusammen zu gewährleisten. (...) *

Noch vor kurzem schien es so, als würde auf dem Kontinent bald ein richtiges gemeinsames Haus entstehen, in welchem Europäer nicht in östliche und westliche, in nördliche und südliche geteilt werden. Solche Trennungslinien bleiben aber erhalten, und zwar deswegen, weil wir uns bis jetzt noch nicht endgültig von vielen Stereotypen und ideologischen Klischees des Kalten Krieges befreit haben.“

(7)

Putins Bitte, sich endgültig von den Stereotypen und Klischees des Kalten Krieges zu befreien – er erhielt für seine Rede im Bundestag damals lang anhaltenden Beifall und stehende Ovationen – sollte sich als frommer Wunsch erweisen. Die einflussreichen, entscheidenden Kräfte in den USA dachten überhaupt nicht daran, diesen Schritt zu tun. Der „nationale Egoismus“, von dem Putin im selben Zusammenhang als Hinderungsgrund für weitere Annäherungen sprach, sollte – vor allem seitens der USA, wie es aus den Strategiepapieren der mächtigen, dem Pentagon zuarbeitenden Denkfabriken der NeoCons unmissverständlich hervorgeht – auf ganzer Linie triumphieren:

„Allein die Lektüre einiger amerikanischer geopolitischer Texte hätte den deutschen Politikern zeigen können, dass die Vereinigten Staaten niemals eine Annäherung Deutschlands an Russland akzeptieren würden. (...) Für die Strategen in Washington glich eine deutsch-russische Allianz einem absoluten Albtraum.“ 

(8) 

Folglich wurde die Rede nicht als historische Chance, als einzigartiges window of opportunity begriffen, die bilateralen und multilateralen Beziehungen neu zu definieren und damit ein neues Kapitel des Friedens und des Wohlstandes unter den Völkern aufzuschlagen und, wie es der russische Präsident formulierte, „damit unseren gemeinsamen Beitrag zum Aufbau des europäischen Hauses“ (9) zu leisten. 

Stattdessen setzte sich, trotz der veränderten Bedingungen einer komplizierter gewordenen, nach 1990 multipolar sich neu ordnenden Welt, wiederum das alte, hegemoniale Denken der US-Amerikaner im gesamten, offenbar nun erstarkten (10) und bis an die Grenzen Russlands ausgedehnten Westen (NATO-Osterweiterung!) durch. Damit folgte man wiederum den alten Pfaden der Konfrontation statt den neuen der Kooperation, was leider eine lange Kontinuität aufweist.

So haben neuere Forschungen im Rahmen der Geschichte der Kognitiven Kriegsführung belegt, dass die Bundesrepublik von Anfang an systematisch durch die USA militärisch-geostrategisch und mental in Stellung gegen die Sowjetunion gebracht wurde. An der Bewertung der Beziehungen Deutschlands und Russlands hat sich grundlegend auch nach 1990 und dem Ende der Blockpolarität aus Sicht der US-Amerikaner nichts geändert.

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Der Amerikanist und Propagandaforscher Jonas Tögel hat herausgearbeitet (11), in welchem Ausmaß es 1945 den USA nicht um die Befreiung des europäischen Kontinents ging. Vielmehr lautete die Doktrin, dass als der eigentliche Kriegsgegner die Sowjetunion bezwungen werden müsse: „Europa war in letzter Konsequenz genauso strategisches Gebiet wie davor (...). Es sollten offenbar die letzten deutschen Truppen (...) mit den letzten alliierten Truppen in einem neuen Aufgebot gen Osten geschickt werden“ (12). Die US-amerikanischen Regierungen sahen – über 1945 hinaus! – die Sowjetunion als den Hauptfeind an. Dabei war klar, wo der Austragungsort der Entscheidungsschlacht zwischen den Systemantagonisten liegen würde: 1955, im ersten Mitgliedsjahr der BRD, wurde eine „Carte Blanche“ genannte NATO-Übung durchgeführt, in der es ein Szenario von 168 Atombombenabwürfen über deutsches Gebiet mit 1,7 Millionen getöteten und 3,5 Millionen verletzten Deutschen entworfen gab. Weitere Planspiele, die die atomare Zerstörung Deutschlands vorsahen, folgten. Etwas größere Bekanntheit erlangte, durch den damaligen Staatssekretär im Bundesverteidigungsministerium Willy Wimmer (CDU), die NATO-Übung WINTEX/FALLEX (13) von 1986, in der Atombombeneinsätze gegen Dresden und andere deutsche Städte vorgesehen waren.

„Er, Wimmer, sei von dieser Anforderung völlig überrascht worden und sei entsetzt gewesen. Er habe es abgelehnt, an der Planung eines Atomwaffeneinsatzes auf Ziele in Ostdeutschland und damit gegen die ostdeutsche Bevölkerung – wenn auch „nur“ übungsweise – mitzuwirken. In dieser Situation habe er sofort Kontakt mit dem damaligen Bundeskanzler Dr. Helmut Kohl (CDU) aufgenommen und ihn von diesem für ihn unerhörten Vorgang in Kenntnis gesetzt. Bundeskanzler Kohl habe daraufhin entschieden, dass sich die Vertreter der Bundesregierung sofort aus der weiteren Übung zurückziehen und sich keinesfalls an diesen nuklearen Planspielen gegen Ziele wie Dresden und andere ostdeutsche Städte beteiligen sollten. Deutschland habe, so Wimmer, deshalb seine weitere Mitwirkung an dieser NATO-Übung – vier Tage vor ihrem Ende – eingestellt. Die Übung sei dann – ohne deutsche Beteiligung – fortgesetzt worden.“  (14)

Der Schweizer Militär- und Geheimdienstexperte Jacques Baud geht soweit zu behaupten, dass die NATO „für den Kalten Krieg und für den Nuklearkrieg geschaffen wurde.“ (15) Zu einem Zeitpunkt, wo der erst im zweiten Wahlgang gewählte neue deutsche Bundeskanzler noch immer nicht öffentlich seine Erklärung zurückgenommen hat,  Taurus-Raketen an die Ukraine liefern zu wollen, sollte dies unbedingt in Erinnerung gerufen werden. 

Darüber hinaus gilt, was alle Kriegsspiele, sowohl die Kriegsspiele der NATO als auch jene der Sowjetunion bzw. später Russlands dokumentieren:

„Die Deutschen haben nicht mitzureden, wenn es um die Vernichtung ihres eigenen Landes geht.“ (Jonas Tögel, 16).

Kann es da verwundern, dass spiegelbildlich dazu der von der NATO losgetretene Informationskrieg gerade in Deutschland immer bizarrere Blüten treibt?

Denn hier liegt das Schlachtfeld des Propagandakrieges, der jedem Waffengang erst einmal vorausgeht und gewonnen sein will. Das meint auch die Rede von der zu erlangenden Kriegstüchtigkeit. Sie dient als Propaganda zur Formierung der Gesellschaft gegen „den“ Feind, wobei der Feind grundsätzlich austauschbar ist (es kann auch ein „gefährliches“ Virus sein...), immer aber gewisse Eigenschaften aufweisen muss. So sollte er leicht adaptierbar an die Ängste oder Aggressionen der Menschen sein. Dies impliziert auch, dass die aktuelle Einschätzung von 16 amerikanischen Geheimdiensten, nach denen Russland keinen Krieg gegen die europäischen NATO-Staaten beabsichtige und plane, in der öffentlichen Debatte hierzulande keine Rolle spielt und der Bevölkerung vorenthalten wird (17). 

Kontrafaktisch wird mit Hilfe der immer gleichen Protagonisten des militärisch-industriellen, und – wie hinzugefügt werden muss – propagandistisch-medialen Komplexes am Bedrohungsszenario festgehalten. Wer es nicht glaubt, der möge bei Google im Suchfenster: „16 amerikanische Geheimdienste Russland keine Bedrohung“ oder etwas Sinngleiches eingeben und schauen, ob er auf den ersten Seiten irgendwelche „Treffer“ landet. Ich wünsche viel Spaß dabei!

Teil 2 folgt demnächst.

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Bernd Schoepe, Jahrgang 1965,  Studium der Soziologie, Germanistik, Philosophie und Erziehungswissenschaften in Frankfurt/M. und Hamburg. Erstes und zweites Staatsexamen. Freier Autor, der zu bildungspolitischen, bildungssoziologischen- und bildungsphilosophischen Themen schreibt. Seit 2003 im Hamburger Schuldienst. Langjähriges GEW-Betriebsgruppen-Mitglied, ehem. Vertrauensmann, ehem. Mitglied der Hamburger Lehrerkammer. Hauptberuflich bin ich Politik- Deutsch- und Philosophielehrer an einer Hamburger Stadtteilschule. Kontakt: berndschoepe\@gmx.de

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Sie sind noch nicht auf Nostr and wollen die volle Erfahrung machen (liken, kommentieren etc.)? Zappen können Sie den Autor auch ohne Nostr-Profil! Erstellen Sie sich einen Account auf Start. Weitere Onboarding-Leitfäden gibt es im Pareto-Wiki.

@ 7f6db517:a4931eda

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

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

— ODELL (@ODELL) October 27, 2022

The Basics

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

There is no 'Lightning Network'

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

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

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

Lightning in Practice

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

Sovereign Lightning

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

The Potential Fracture of Lightning

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

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

Summary

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

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

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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.

@ 7f6db517:a4931eda

Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.

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

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

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

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

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

Current Nostr Stats

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

@ ece127e2:745bab9c

vamos a ver que tal

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*lo bueno es que si entro en https://makimono.lumilumi.app/ a la nota y agrego contenido , como éste ...quiero ver si lo añade o hace una nueva nota ?? *

@ 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.

---

My Nostr Public Key: npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

---

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

@ 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!

@ 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.

---

My Nostr Public Key: npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

---

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

@ 5d1d83de:d0db5aa0

As long as the base unit of the trading system can be manipulated a free trading system cannot emerge.

The trading system will either be manipulated by printed subsidies or will be manipulated by artificial exchange rates.

Free trading was available during a gold standard and free trading will become available again during a future bitcoin standard.

https://stacker.news/items/989491

@ d360efec:14907b5f

@ 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

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

— ODELL (@ODELL) December 14, 2022

The four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Prime Trust does not custody funds themselves but rather maintains deposit accounts at BMO Harris Bank, Cross River, Lexicon Bank, MVB Bank, and Signature Bank. Silvergate and Silicon Valley Bank have already stopped withdrawals. More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.

Bitcoin gives us all the ability to opt out of a system that has massive layers of counterparty risk built in, years of cheap money and broken incentives have layered risk on top of risk throughout the entire global economy. If you thought the FTX bank run was painful to watch, I have bad news for you: every major bank in the world is fractional reserve. Bitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.

The rules of bitcoin are extremely hard to change by design. Anyone can access the network directly without a trusted third party by using their own node. Owning more bitcoin does not give you more control over the network with all participants on equal footing.

Bitcoin is:
- money that is not controlled by a company or government
- money that can be spent or saved without permission
- money that is provably scarce and should increase in purchasing power with adoption

Bitcoin is money without trust. Whether you are a nation state, corporation, or an individual, you can use bitcoin to spend or save without permission. Social media will accelerate the already deteriorating trust in our institutions and as this trust continues to crumble the value of trust minimized money will become obvious. As adoption increases so should the purchasing power of bitcoin.

A quick note on "stablecoins," such as USDC - it is important to remember that they rely on trusted custodians. They have the same risk as funds held directly in bank accounts with additional counterparty risk on top. The trusted custodians can be pressured by gov, exit scam, or caught up in fraud. Funds can and will be frozen at will. This is a distinctly different trust model than bitcoin, which is a native bearer token that does not rely on any centralized entity or custodian.

Most bitcoin exchanges have exposure to these failing banks. Expect more chaos and confusion as this all unwinds. Withdraw any bitcoin to your own wallet ASAP.

Simple Self Custody Guide: https://werunbtc.com/muun
More Secure Cold Storage Guide: https://werunbtc.com/coldcard

---

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

@ 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

---

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

@ 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.

@ 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

---

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

• 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

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.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Koji Bitcoin Novčanici su Dostupni?
2. Šta je Mnemonic Oporavak ili Seed Fraza sa 12 ili 24 Reči?
3. Kako Čuvati Seed Frazu
4. Saveti za Osiguravanje Vaše Seed Fraze
5. Šta će se Desiti sa Vašim Bitcoin-om Nakon što Umrete?
6. Kako Koristite Seed Frazu za Oporavak Vašeg Novčanika?
7. Ako je Vaša Seed Fraza Sigurna, Biće i Vaša Sredstava!

Za one koji tek ulaze u igru sa kriptovalutama, šansa da vaša Bitcoin sredstva ne budu sigurna i zaštićena može biti pomalo zastrašujuća. Srećom, postoji mnogo user-friendly Bitcoin novčanika, i svaki od njih ima izvrsnu funkciju rezervne kopije, koja vam omogućava trenutan povraćaj Bitcoin sredstava, ako vaš uređaj na kome se nalazi novčanik ikada bude zagubljen ili izgubljen. Ova funkcija, poznata kao „seed fraza“, ili seed fraza za oporavak, predstavlja jedinstveni niz reči koje će vaš novčanik generisati, i koje deluju kao password za vaše lične Bitcoin podatke. Ovaj skup reči omogućava trenutni povraćaj vaših bitcoin sredstava.

Iako možete lako zapostaviti svoju seed frazu, misleći da ćete se kasnije pozabaviti sa njom, uvek je najbolje biti proaktivan kada je reč o osiguranju zaštite vaše fraze za oporavak. Fraza za oporavak je vaša rezervna kopija – pa iako vam neće trebati svaki dan, biće kritična u slučaju da vam se novčanik pokvari. Takođe, fraza za oporavak može da omogući svima pristup vašem bitcoin-u, pa je zato veoma važno da se ona čuva na sigurnom.

U ovom članku, prikazaću vam:

1. Spisak glavnih Bitcoin hardware novčanika koje možete koristiti za skladištenje vaših Bitcoin-a.
2. Sveobuhvatan pregled mnogih metoda koje možete koristiti za čuvanje vaše seed fraze
3. Razne prednosti i mane za svaku od njih
4. Saveti koje možete da koristite da biste maksimizirali ukupnu sigurnost svoje seed fraze
5. Kako sigurno čuvati vašu seed frazu
6. Kako proslediti svoj Bitcoin u slučaju vaše smrti

Kada završite sa čitanjem, trebalo bi da ste na dobrom putu da čuvate svoju seed frazu koristeći najsigurnija i najpouzdanija dostupna sredstva, obezbeđujući najveću zaštitu svojih Bitcoin sredstava bez obzira na to šta se sa vama ili vašim digitalnim uređajima dogodi u budućnosti. Za početak ćemo dati brzi pregled hardware novčanika i šta tačno predstavlja fraza za oporavak.

Koji Bitcoin Novčanici su Dostupni?

Ispod ćete pronaći listu od nekoliko najpopularnijih novčanika koji su dostupni danas. Softverski novčanici rade na vašem telefonu ili računaru, dok su hardware novčanici namenski delovi hardvera (poput specijalizovanog fleš diska) koji omogućavaju lak i siguran pristup vašem bitcoin-u uz jaku sigurnost.

• Coldcard (hardverski novčanik)
• Blockstream Jade (hardverski novčanik)
• Electrum (softverski novčanik)
• Sparrow (softverski novčanik)

Svaki od ovih novčanika će vam dati seed frazu, koja se sastoji od 12 ili 24 reči, što će vam omogućiti pristup svim bitcoin adresama povezanim sa vašim novčanikom – a samim tim i svim vašim sredstvima.

Šta je Mnemonic Oporavak ili Seed Fraza sa 12 ili 24 Reči?

Najjednostavnije rečeno, seed fraza je niz određenih reči u kojima se nalaze sve potrebne informacije kako bi se u potpunosti povratila vaša Bitcoin sredstva. Koji god novčanik odlučite da koristite, generisaće jedinstvenu seed frazu, posebno za vas, a taj softver će vas uputiti da čuvate seed frazu na neki način, gde će biti dostupna u slučaju nužde. Seed fraza će biti jedinstvena i obično sadrži od 12 ili 24 reči, od kojih se neke mogu ponoviti. Pre nego što sačuvate seed frazu, pročitajte odeljak 4) sa našim savetima!

Seed fraza omogućava pristup vašim bitcoin sredstvima svima koji je poseduju- omogućavajući vam da povratite sredstava ako vam se novčanik pokvari, ili omogućavajući lopovu da dobije pristup vašim bitcoin-ima.

To čini vašu seed frazu vrednom poput zlatne poluge. Zbog toga je pravilno čuvanje vaše seed fraze veoma važno – morate uravnotežiti lak način oporavka i sigurnost protiv krađe i hakovanja. Međutim, s obzirom da je vaša seed fraza samo niz reči, ona se može snimati i skladištiti na mnogo jednostavniji način (i mnogo jeftinije!) od zlatne poluge – čineći je potencijalno mnogo sigurnijom.

Primarna svrha seed fraze je da ima neku vrstu fizičkog sredstva za povraćaj Bitcoin sredstava ako vas izneveri novčanik. To uključuje ako vam se sruši sistem na računaru, ako vam se ošteti hard disk, izgubite telefon ili razbijete hardware novčanik – u svakom slučaju gde vaš novčanik postane nepristupačan.

Seed fraze zasnivaju se na specifikacijama otvorenog koda kompatibilnim sa Bitcoin protokolom, što znači da dok god imate svoju seed frazu, možete koristiti mnoge druge vrste novčanika da biste povratili pristup svom bitcoin-u. Recimo da danas posedujete Trezor, ali za 10 godina vam se uređaj pokvari ili Trezor prestane da posluje – možete jednostavno kupiti drugačiji hardware novčanik ili skinuti novčanik na svoj telefon, i pomoću svoje seed fraze povratiti pristup svojim bitcoin-ima.

Kako seed fraza funkcioniše?

Seed fraze funkcionišu slično kao i bilo koji drugi oblik koda, pri čemu svaka reč predstavlja numeričku vrednost koju novčanik razume. Fraze se generišu nasumično na osnovu unapred određene baze reči. Iako ponekad imate mogućnost da smislite sopstvenu seed frazu, omogućavanje novčaniku da generiše seed frazu je najbolja opcija za vašu sigurnost.

Jedna od prednosti koja je svojstvena prirodi seed fraza je ta što se u njima koriste stvarne prepoznatljive reči na engleskom jeziku koje se mogu izvesti i upamtiti bez obzira na male greške kao rezultat ružnog rukopisa. Ovo je suprotno od mnogih drugih nasumično generisanih passworda, gde svaki karakter mora biti jasno čitljiv da bi se password mogao pravilno kreirati, jer su oni jednostavno niz slučajnih karaktera. Stoga seed fraze imaju i prednosti randomizacije, kao i prednosti lako prepoznatljivih i uobičajenih reči.

Zašto Niko Ne Može da Predpostavi Seed Frazu?

Mogli biste da pomislite da bi niz od 24 reči možda bio lak nekome da ga pretpostavi, ili da bi nekome bilo isplativo da napravi računarski ciklus mogućih kombinacija, dok ne pronadje novčanik koji sadrži neke bitcoin-e kako bi mogao da ih ukrade.

Reči za frazu za oporavak ili seed frazu dolaze sa liste koja se sastoji od 2048 reči – pa čak i seed od 12 reči za Bitcoin novčanik ima 2048^12 kombinacija ili 2^132. Procenjuje se da u univerzumu postoji 10^21 zvezda, pa je nepotrebno reći da ovo predstavlja mnogo mogućih kombinacija. Čak i kada bi svaki čovek na Zemlji danas imao 1.000.000 novčanika (čak i bez adresa), to bi iznosilo samo 7.800.000.000.000.000 novčanika – što je oko 2^53. Ovo čini negde oko polovine mogućih kombinacija, ali to bi sakrilo snagu eksponencijalnog rasta.

Kada bi svi na svetu imali po 1.000.000 bitcoin novčanika, mi bismo i dalje koristili samo 0.000000000000000000000001654% od svih mogućih novčanika. To je neuporedivo teže nego pronaći jedno određeno zrno peska u celokupnom pesku koji se nalazi na Zemlji.

Čak i taj pronalazak određenog zrna peska na ovoj plaži bila bi kao šetnja parkom nasuprot pogađanju bilo koje random seed fraze.

Dakle, prilično je sigurno reći da niko uskoro neće pokušati da pogadja bitcoin novčanike. Bila bi potrebna vojska računara i veoma dugačak vremenski period da se pronadje samo jedan novčanik sa sredstvima u tom prostranstvu.

Kako Čuvati Seed Frazu

Neverovatno je važno kako zapisujete i skladištite svoju seed frazu, s obzirom na ogromnu količinu moći koju će oni koji je poseduju imati nad vašim Bitcoin sredstvima. Takođe, budući da je poenta seed fraze da bude lako dostupna gde i kada vam zatreba, čuvanje na nekom sigurnom, ali i pristupačnom mestu, je neophodno. Specifična metoda koju koristite za transkripciju vaše seed fraze je takođe važna, bez obzira na to kako se čuva, jer se neke metode transkripcije pokazale mnogo sigurnijim od drugih.

Pogledajte naš odeljak sa savetima, pre nego što zapišete svoju seed frazu!

Preporučujemo vam da fizički sačuvate svoju seed frazu nakon što vam je softver ili hardware novčanik isporuči. Fizičko skladištenje čini vašu seed frazu manje otvorenom za hakere koji bi mogli da vam ukradu frazu za oporavak iz digitalne memorije vašeg računara ili pametnog telefona.. Međutim, mnogi ljudi će i dalje odabrati neki oblik digitalnih sredstava za čuvanje svojih seed fraza, bilo zato što je to dominantno sredstvo ili jednostavno kao dodatni oblik rezervne kopije. Hajde da pogledajmo kako fizička, a tako i digitalna sredstva koja možete koristiti za čuvanje vaše seed fraze, kako se ona koriste, i specifične prednosti i nedostatke svake od njih.

Zapisivanje Vaše Seed fraze – na Papiru ili Digitalno

Zapisivanje Vaše Seed Fraze na Papir

Naravno, najočigledniji metod unošenja vaše digitalne seed fraze u fizički svet je isti onaj metod koji biste obično koristili za unošenje bilo kog drugog oblika pisanja u fizički svet – olovkom i papirom. Jednostavno zapisivanje vaše seed fraze na papir u potpunosti može biti dovoljno da vam pruži sigurnost koju želite. Međutim, postoje neka upozorenja oko upotrebe olovke i papira koja ovu najjednostavniju metodu čine ne baš tako idealnom za čuvanje nečega toliko važnog kao što je seed fraza.

Kao prvo, sam papir je lako uništiv, a o mastilu da i ne govorimo. U slučaju poplave ili požara, papir će biti uništen, što znači da će i vaša seed fraza biti uništena zajedno sa njim. Naravno, ovo su loše vesti i za svakoga ko verovatno gubi i sav svoj hardver i opremu u požaru ili poplavi. Kao drugu stvar, papir je neverovatno lako zagubiti. Može se oduvati, pomešati sa otpadom ili jednostavno pomešati sa nečim drugim i negde izgubiti, i nikada ga više nećete videti. Iz ovih i više drugih razloga, oni koji žele da zapišu svoju seed frazu u fizički svet, često traže sredstva koja su izdržljivija i trajnija od papira.

Graviranje Vaše Seed Fraze na Čeličnoj Back-Up Ploči

Back-up ploče od nerđajućeg čelika su stvorene kako bi korisnici Bitcoin-a imali način da trajnije urežu svoje seed fraze u fizički svet od puke olovke i papira. Napravljene su od nerđajućeg čelika, na koje se vaša seed fraza može trajno urezati. Budući da je gravura napravljena na čeliku, ona će u slučaju požara ili poplave moći da traje mnogo duže od papira. Ploča može biti bilo šta, od male kartice koju možete držati u novčaniku do većeg komada koji se može trajno čuvati kod kuće ili u sefu.

Bilo koju veličinu pločice da izaberete, možete je kupiti zajedno sa alatima za samograviranje (koji nisu uvek u kompletu), što znači da korisnik ne mora da deli svoju seed frazu sa onima od kojih je kupio ploču. Budući da su ove ploče stvorene posebno za potrebe izdržavanja katastrofe, obično sadrže brojne garancije o njihovoj trajnosti, otporne su na bilo koje elemenate koje možete baciti na njih, od vode do vatre, kao i od prekomernog korišćenja i habanja.

Što se tiče back-up ploča od nerđajućeg čelika, svaki proizvođač nudi svoj jedinstveni spin. Pogledajmo 5 najboljih proizvođača back-up ploča od nerđajućeg čelika na tržištu i da vidimo kako su se pokazali:

Cryptosteel

Sa sedištem u Velikoj Britaniji, Cryptosteel nudi čelične „Kapsule“ i „Kasete“ sa cenom u eurima, s tim da je kapsula približno veličine laserskog pokazivača, a kaseta je veličine, pa, kasete. Kapsula košta 74 eura, a kaseta 108 eura, mada se nude popusti za velike narudžbine. Umesto da zahtevaju gravuru, svaka Kaseta ili Kapsula dolazi sa odredjenom količinom čeličnih pločica koje se mogu staviti prema redosledu vaše seed fraze.

Blockplate

Blockplate nudi čelične back-up ploče po ceni od 69 USD za dve – svaka ploča sadrži 12 reči. Njihove verzija jedne ploče, koja izgleda identično, košta 49 USD po paru. Potpuno četvrtaste i malo manje od podmetača, ove ploče vam omogućavaju da svoju seed frazu sačuvate na mreži koristeći samo prosti udarac u sredinu, nisu potrebne pločice sa slovima.

Coldbit

Coldbit nudi heavy-duty kartice sa futrolama po ceni od 69 eura i setove za graviranje za dodatnih 20 eura. Takođe se možete odlučiti da sami uradite graviranje pomoću alata koji imate kod kuće, a koji može urezati čelik, poput dijamantske Dremel burgije. Oslanjajući se na čistu doslovnu transkripciju sličnu Hodlinox pločama, ove ploče ipak nude malo veću zaštitu i neke sjajne dizajne.

Billfold by Privacy Pros

Preimenovan u Privacy Pros, brend Billfold je i dalje dostupan po ceni od 89 USD. Koristi dizajn kartice vrlo sličan Cryptosteel Kaseti, sa malim pločicama koje slažete da biste formirali svoju seed frazu.

Kriptovanje Vaše Seed Fraze i Njeno Digitalno Skladištenje

Iako se generalno preporučuje da svoju seed frazu ne skladištite digitalno, oni koji su bolje upućeni u digitalnu bezbednost, ovo mogu videti kao floskulu koja se može ignorisati. Iako laici sigurno ne bi smeli da šalju i primaju svoje seed fraze e-mailom, pravilno digitalno kriptovanje i skladištenje sredstvima poput cloud-a ili USB fleš memorije mogu biti jednako sigurna i bezbedna sredstva za skladištenje, kao i fizička sredstva, poput čeličnih back-up ploča. Takođe, kada se oba sredstva koriste zajedno, to vam pruža krajnju mrežu rezervnih kopija u slučaju bilo kakvih hitnih slučajeva.

Kriptovanje možda nije nešto što je lako za svakoga, ali postoje mnoge treće strane koji će se pobrinuti da odrade kriptovanje za vas. Obavezno diskonektujte računar sa Interneta dok unosite seed u računar i izvodite kriptovanje – ne verujte online uslugama kriptovanja!

Odatle, na vama ostaje da odlučite kako ćete da je čuvate, bilo na cloud-u ili na USB fleš memoriji. Prednost čuvanja na cloud-u je u tome što podaci nisu povezani ni sa jednim fizičkim uređajem i može im se pristupiti sa bilo kog mesta pomoću passworda na cloud-u. Međutim, to takođe znači da su podaci nešto pristupačniji nego da se čuvaju na USB fleš memoriji. Zapamtite da ako se odlučite za USB fleš memoriju, ona možda neće moći da se izdrži protiv požara i vode, baš kao što to mogu prosti nefizički podaci na cloud-u. Fleš memorija koja se koristi na USB-u takođe nije dizajnirana da traje duže od 10 godina, pa imajte i to na umu.

Digitalno čuvanje seed fraze preporučujem isključivo informatičarima tj ljudima sa dosta iskustva u kriptiranju informacija. Za 99% nas čekič i čelična pločica koju čuvamo na 2 ili 3 mesta + dodatna 13. ili 25. reč je najbolje rešenje.

Gde i Kako Čuvati Svoju Seed Frazu

Bez obzira da li ste odlučili da svoju seed frazu sačuvate na čeličnoj ploči, USB-u ili jednostavno na parčetu papira, moraćete da je stavite negde – a idealno bi bilo da je stavite na više mesta u slučaju da se jedna uništi ili izgubi.

Najbolji savet koji mogu da vam dam je gde ne trebate da čuvate svoju seed frazu. Na kraju, mesto na koje stavite svoju seed frazu najbolje je da sačuvate za sebe, i zato evo nekoliko mesta na koja definitivno ne želite da stavite seed frazu, ako želite da izbegnete da upadne u pogrešne ruke.

Ne Čuvajte Svoju Seed Frazu u…

1. Sef u Banci: Izgleda kao odlično mesto, zar ne? Pogrešno – banke prave greške, a kako sefovi postaju sve manje popularni, one prave još više grešaka!
2. Sef u Kući: Opet se čini kao odlično mesto – međutim, ovo je prvo mesto koje će provalnik potražiti. Čak i ako ne mogu da otvore sef, većinu malih kućnih sefova moguće je lako premestiti i odneti u kolicima, i kasnije ih razbiti.
3. Ispod Kreveta ili Dušeka: Klasično mesto za skrivanje novca, takođe je jedno od prvih mesta koje će provalnik pogledati.
4. U Frižideru: Možda mislite da maskiranje vašeg seed-a u posudi za hranu izgleda kao dobar način zabune, ali ovo je uobičajena taktika za skrivanje dragocenosti, pa bi provalnici mogli potražiti i ovde.
5. Ormarić za Nakit ili Fioke za Veš: To su uobičajena mesta za čuvanje drugih vrsta dragocenosti, pa će ih provalnik brzo pokrasti.

Budite kreativni, ali ne toliko kreativni da izgubite seed frazu, jer ne možete da se setite gde ste je sakrili.

Takođe je važno razmotriti i mogućnost pravljenja rezervnih kopija vašeg seed-a na više lokacija. Na taj način, čak i ako je jedno mesto potpuno uništeno (recimo da vam oluja odnese kuću), i dalje ćete da imate vaš seed na drugoj lokaciji.

Shamir-ovo Tajno Deljenje – Širite Vašu Frazu za Oporavak

Shamir-ovo Tajno Deljenje (eng. Shamir Secret Sharing), je algoritam koji vam omogućava da svoj seed podelite na više seed-ova koji su sami po sebi beskorisni. Međutim, njihovim rekombinovanjem vratićete vaš seed za oporavak.

Ovo je dobar korak ukoliko želite da podelite vaš seed sa vašim advokatom, računovođom, članovima porodice itd. – jer obezbeđuje da niko od njih nema pristup vašem celom seed-u.

Način na koji Shamir deluje je to što deli vaš seed na više manjih seed-ova koje možete predati pouzdanim pojedincima. Kada postavite Shamir-ov backup, odlučujete koliko ‘deljenja’ želite da kreirate i koliko delova je potrebno za oporavak vašeg celog seeda – na primer, možete da napravite 5 deljenja i kažete da su bilo koja 3 dela potrebna za oporavak vašeg seed-a.

Neki hardware novčanici, poput Trezor Model T, podržavaju Shamir Backups na user-friendly način.

Saveti za Osiguravanje Vaše Seed Fraze

Postoji mnogo opštih stvari koje morate imati na umu kada je reč o držanju vaše seed fraze na sigurnom. Neke od ovih stvari su samo zdrav razum, dok većini ljudi možda ništa neće pasti na pamet bez nečije pomoći. Neće sve metode biti praktične za sve čitaoce, ali imajte na umu da što više bezbednosnih metoda vežbate, vaša seed fraza će biti sigurnija. Učinite koliko god možete da vaša seed fraza bude sigurna i ona će vam biti pri ruci kada vam zatreba.

Ne Pravite Slike ili Screenshotove Vaše Seed Fraze

Ne slikanje vaše seed fraze je dovoljno jednostavno. Svaka slika koju napravite stvara dodatnu spoljnu datoteku koja se može duplirati, izgubiti ili ukrasti. Što je manji digitalni otisak vaše seed fraze, to je bolje. Međutim, postoji mnogo različitih načina na koje se mogu ukrasti fotografije vaše seed fraze, što može iznenaditi prosečnog čitaoca. Prvo, hakeri i ostale treće strane mogu da preuzmu sliku vaše seed fraze putem sigurnosnih kamera, poput onih na bankomatima. Takođe, kamere na računaru, telefonu i drugim ličnim uređajima mogu predstavljati još veći rizik. Iz ovih razloga, umanjivanje ukupne vidljivosti i izloženosti vaše seed fraze, i pre i posle dokumentovanja u fizičkom svetu, je apsolutna potreba.

Ne Izgovarajte Svoju Seed Frazu Naglas – Nikad!

Ako ste ikada razgovarali telefonom i Google Assistant vas je prekinuo, onda znate da vas stalno slušaju. Bilo da ste napolju u javnosti ili ste sami kod kuće, treće strane slušaju. Ako su te treće strane zainteresovane, možda će moći da dobiju pristup vašim ličnim podacima. Iz tog razloga, uzdržavanje od izgovaranja naglas vaše seed fraze treba smatrati vitalnim delom zaštite vaše seed fraze. Lakše je špijunirati nekoga preko zvuka, nego što je to slučaj sa vizuelnim elementima, pa izgovaranje naglas vaše seed fraze čini je mnogo podložnijom presretanju od strane onih koji je mogu zloupotrebiti.

Ne Čuvajte Svoju Seed Frazu u Password Menadžeru

Čuvanje vaše seed fraze u password menadžeru može se činiti sigurnim i prikladnim načinom izrade rezervnih kopija, ali to nosi velike rizike. Seed fraza se mnogo razlikuje od password za recimo vaš Facebook nalog. To je zato što su passwordi samo alati za potvrdu identiteta za centralizovane usluge – što znači da ako izgubite pristup računu ili budete hakovani, možete kontaktirati broj podrške i proći kroz neke korake da biste povratili kontrolu nad svojim nalogom.

Kod Bitcoin-a, prema njegovom dizajnu, ne postoji broj podrške. Ne postoji centralna stranka koja kontroliše Bitcoin transakcije, čineći ga neverovatno slobodnim i otvorenim – ali to takođe znači da morate vrlo ozbiljno da preuzmete odgovornost za svoju seed frazu. Ako padne u pogrešne ruke jer je vaš password menadžer hakovan, možete izgubiti svoje bitcoin-e.

Ne Koristite Online Usluge Oporavka Seed-a

Ako vam neki website traži da unesete svoju seed frazu – čak i ako vam se čini kao pouzdan – dobro razmislite pre nego što to učinite. Većina „usluga online oporavka“ su maskirane prevare, usresredjene samo na kradju seed fraza nevinih ljudi! Ne budi jedan od njih.

Koristite Pristupnu Frazu(dodatnu reč) da Biste Dodali još Sigurnosti

Trezor podešavanje pristupne fraze | Ledger podešavanje pristupne fraze

Ako vaš novčanik podržava dodavanje pristupne fraze, trebalo bi da je koristite. Pristupna fraza je password koji dodate svom seed-u i funkcioniše kao 13. ili 25. reč u vašoj seed frazi. Zbog toga je vaš novčanik mnogo teže ukrasti. Ako se pristupna fraza čuva na drugačijoj lokaciji od vašeg seed-a, vaši bitcoin-i su sigurni čak i ako neko dobije pristup vašoj seed frazi.

Zaštitite Svoju Seed Frazu

Bez obzira da li svoju seed frazu čuvate u digitalnom oblaku ili na čeličnoj ploči, postojanje nekog načina čuvanja koji štiti seed frazu od elemenata kao što su požar i poplava, mora se smatrati obaveznim. Kao što je već rečeno, čelične ploče mogu se napraviti da izdrže većinu katastrofa, a skladištenje na cloud-u pruža nefizička sredstva koja mogu biti jednako sigurna kao i druga sredstva ako koristite pravu enkripciju. Upotreba jednog ili oba ova sredstva može vam pomoći da vam garantuje maksimalnu zaštitu bez obzira na to šta se dogodi.

Koristite Više Metoda za Pravljenje Rezervnih Kopija Kad God Možete

Korišćenje nekoliko različitih metoda za čuvanje vaše seed fraze ima puno prednosti, ali ima i neke nedostatke ako im ne pristupite sa dovoljno pažnje. Iako vam više načina za skladištenje pruža veću zaštitu, to takođe proširuje vaš celokupni profil, što znači da postoji više područja koja su otvorena za napad. Ipak, korišćenje najmanje dve odvojene metode za pravljenje rezervnih kopija obično se smatra dobrom idejom, jer imate rezervne kopije za slučaj da vam se nešto desi! Nikad ne znate šta će se dogoditi, a u tome i jeste poenta seed fraza.

Ograničite Pristup Vašoj Seed Frazi što je Više Moguće

Naravno, neki ljudi mogu da se odluče da svoju seed frazu podele sa pouzdanom trećom stranom, kao sredstvo radi osiguranja njene zaštite, ali, generalno, što je manji broj ljudi sa kojima delite svoju seed frazu, time bolje. Vaša je lična odluka s kim ćete deliti svoju seed frazu, i u vašem je najboljem interesu da to pravo mudro koristite.

Ne Pričajte o Količini Bitcoin-a Koje Posedujete

Nekima je ovo možda najteži savet, ali možda i najvažniji. Ako niko ne zna da imate bitcoin, i koliko ga imate, smanjujete verovatnoću da će neko pokušati da dodje do vaše seed fraze ili novčanika. Zato držite jezik za zubima!

Šta će se Desiti sa Vašim Bitcoin-om Nakon što Umrete?

Kao i sa bilo kojim drugim sredstvom, trebalo bi da imate predstavu o tome kako će se postupati sa vašim Bitcoin-om nakon što umrete. S obzirom da je ovo relativno nova tema, nema puno presedana kada je reč o prenošenju i nasleđivanju Bitcoin-a. Iako mnogi mogu da pomisle da moraju da angažuju advokata, prenošenje Bitcoin-a zaista podrazumeva samo puko prenošenje vaše seed fraze, zajedno sa nekim vašim konkretnim srestvima.

Prilikom pripreme za prosleđivanje vaše seed fraze u slučaju vaše smrti, važno je zapamtiti da prosledite i detaljan zapis o svojoj digitalnoj imovini. Za razliku od fizičkih materijala, digitalna sredstva se ne mogu lako kvantifikovati fizičkom procenom. Ukoliko nije svesna da postoji, ta osoba možda neće znati šta tačno prima. Stoga, ona možda neće zaista primiti ono što ste joj namenili da nasledi. To je takođe razlog zašto bi svi trebali da drže svu svoju imovinu sažetom i što organizovanijom, u slučaju nužde.

Ako razumete engleski jezik preporučujem da pročitate knjigu: Cryptoasset Inheritance Planning od Pamela Morgan

Kako Koristite Seed Frazu za Oporavak Vašeg Novčanika?

Za većinu novčanika, upotreba seed fraze jednostavna je poput pritiskanja pravih tipki i kucanja iste. Odatle, seed fraza će vratiti sav sadržaj i podatke novčanika na bilo koji uređaj koji koristite. Na ovaj način, korišćenje seed fraze znači da možete imati novčanik kod sebe gde god da krenete, bez obzira na sve, čak i ako se novčanik izgubi ili uništi – sve što vam zaista treba je vaša seed fraza.

Opet, ne koristite nikakve online usluge za seed frazu! U najvećem broju slučajeva to su prevare.

Bez obzira da li koristite mobilni novčanik kao što je Muun ili hardware novčanik kao što su Trezor ili Ledger, sredstva za upotrebu vaše seed fraze su u osnovi ista – jedina razlika je hardver koji koristite za to. Kod aplikacija poput Muun jednostavno pokrenete aplikaciju i ona vam daje mogućnost oporavka prethodnog novčanika. Zatim ćete odabrati dužinu svoje seed fraze i uneti je tačno onako kako je prikazana.

Uz hardware novčanike poput onih koje je izradio Trezor, dobićete istu opciju za povratak kada pokrenete uređaj i instalirate firmware. Dobićete isti izbor da odredite dužinu svoje seed fraze, a zatim će zatražiti od vas da je unesete potpuno isto.

Ako je moguče uvjek koristite isti hardware/software wallet prilikom oporavka vaše seed fraze kao što ste koristili kad ste je pravili.

Ako je Vaša Seed Fraza Sigurna, Biće i Vaša Sredstava!

Na kraju dana, važno je da zapamtite da što više brige ulažete u pravilno skladištenje i zaštitu svoje seed fraze, to će vaša sredstva biti sigurnija i za vas i za vaše voljene. Digitalno doba predstavlja širok spektar novih opasnosti, a svet kriptovaluta je leglo za većinu njih.

Ako želite da preduzmete proaktivne mere u obezbeđivanju najveće zaštite vašeg bitcoin-a, čuvanje vaše seed fraze na sigurnom i pristupačnom mestu je neophodno. Vaša seed fraza možda sada ne izgleda kao velika stvar, ali će izgledati kao velika stvar kada dođe vreme da je upotrebite. Ukoliko želite da vi i vaša Bitcoin sredstva budete zaštićeni u slučaju nužde ili čak u slučaju vaše smrti, preduzimanje odgovarajućih sredstava za čuvanje i zaštitu vaše seed fraze je osnovni prvi korak.

@ 7f6db517:a4931eda

People forget Bear Stearns failed March 2008 - months of denial followed before the public realized how bad the situation was under the surface.

Similar happening now but much larger scale. They did not fix fundamental issues after 2008 - everything is more fragile.

The Fed preemptively bailed out every bank with their BTFP program and First Republic Bank still failed. The second largest bank failure in history.

There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.

Our President and mainstream financial pundits are currently pretending the banking crisis is over while most banks remain insolvent. There are going to be many more bank failures as this ponzi system unravels.

Unlike 2008, we have the ability to opt out of these broken and corrupt institutions by using bitcoin. Bitcoin held in self custody is unique in its lack of counterparty risk - you do not have to trust a bank or other centralized entity to hold it for you. Bitcoin is also incredibly difficult to change by design since it is not controlled by an individual, company, or government - the supply of dollars will inevitably be inflated to bailout these failing banks but bitcoin supply will remain unchanged. I do not need to convince you that bitcoin provides value - these next few years will convince millions.

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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.

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

@ f85b9c2c:d190bcff

Avoid it if you’re sensitive.

Haha 😂, just wanted to get your attention.

If you’re reading this, congrats your amongst those who survived to see this message. It doesn’t matter if you’re depressed, sad, angry at someone or you missed something. Come on man, being alive is already a win for you.

Smile, You deserve it.

Yes, I know the world is cruel and very unfair. But remember, you can’t fight all those battles alone. That’s why we ask God to take care of it. But hey, today is Sunday.A blessed day for the Christians. Go ahead smile 😊, you deserve it. You managed to wake up today while some didn’t. You should be grateful for that. It’s a blessing to see tomorrow. You don’t know what today holds.

I just want to remind you that, you deserve the whole world. Go out there, chase your dreams, don’t let them die in your comfort zone. And remember, always wear a smile on that pretty face of yours. You deserve the world.

@ 6c05c73e:c4356f17

Análise Detalhada das Melhores Ações para Junho 2025

O mercado financeiro está em constante movimento, e identificar oportunidades de investimento é crucial para o sucesso. Exploraremos uma seleção de ações promissoras para junho de 2025. Analisaremos cada ativo individualmente, destacando seus pontos fortes e fracos para auxiliar investidores na tomada de decisões informadas. As ações a seguir foram selecionadas com base em análises de mercado e potencial de crescimento, e incluem nomes como ALOS3, RECV3, AZUL4, USO, USDBRL, BIDU, REXR, PR, GPN e CIVI.

Análise Individual das Ações

ALOS3

Essa é uma empresa que já falei aqui e está sempre voltando ao radar. Vou deixar ela em primeiro lugar, porque para mim é. Não existe empresa imobiliária tão saudável quanto ela.

Ponto Forte: ALOS3 tem demonstrado um crescimento consistente no setor de tecnologia, com inovações e expansão de mercado. A empresa possui uma forte base de clientes e uma estratégia sólida para o futuro.

Ponto Fraco: A alta volatilidade do setor tecnológico pode impactar o desempenho de ALOS3, tornando-o um investimento de maior risco em comparação com setores mais estáveis.

RECV3

Essa empresa apareceu no meu radar esse mês. Nem sabia da sua existência. Mas, isso porque seu IPO foi em 2021. E sua especialidade está em otimização de produção e revitalização de campos de petróleo.

Ponto Forte: RECV3 se destaca no setor de varejo, com uma rede de distribuição bem estabelecida e uma marca reconhecida. A empresa tem apresentado resultados financeiros positivos e um plano de expansão ambicioso.

Ponto Fraco: A concorrência acirrada no varejo e as flutuações na economia podem afetar as margens de lucro de RECV3.

AZUL4

A empresa anunciou essa semana que entrou em recuperação judicial. Contudo, o setor aéreo é sempre uma incógnita. Na minha visão, a operação de crédito da empresa é o diamante escondido.

Ponto Forte: AZUL4 é uma das principais companhias aéreas do Brasil, com uma vasta rede de rotas e uma frota moderna. A empresa tem se beneficiado da recuperação do setor de viagens e do aumento da demanda.

Ponto Fraco: O setor aéreo é altamente sensível a fatores externos como preços de combustível e crises econômicas, o que pode gerar instabilidade para AZUL4.

USO

Com os preços do petróleo em queda, devido ao aumento de produção divulgado pela OPEC. Enxergamos uma oportunidade de médio prazo. Pois, se faz muitos produtos com petróleo. Da um Google e pesquisa aí.

Ponto Forte: USO é um fundo de investimento ligado ao petróleo, que pode se beneficiar do aumento dos preços do petróleo devido a tensões geopolíticas ou aumento da demanda global.

Ponto Fraco: O preço do petróleo é extremamente volátil e sujeito a eventos imprevisíveis, tornando o USO um investimento de alto risco.

USDBRL

Não é novidade para ninguém que o dólar está previsto em R$6 para logo menos. A julgar pela impressão monetária, juros e inflação. Não vai ser difícil chegar lá. O P O R T U N I D A D E !

Ponto Forte: USDBRL representa a taxa de câmbio entre o dólar americano e o real brasileiro. Investir nesse ativo pode ser uma forma de se proteger contra a desvalorização do real e diversificar a carteira.

Ponto Fraco: A taxa de câmbio é influenciada por inúmeros fatores econômicos e políticos, tornando-a altamente volátil e difícil de prever.

BIDU

O maior motor de busca na China está derretendo. Em partes pelos avanços das IA. Que agora são amplamente usadas para pesquisas.

Ponto Forte: BIDU é uma das maiores empresas de tecnologia da China, com forte presença no mercado de buscas e inteligência artificial. A empresa tem um grande potencial de crescimento no mercado asiático.

Ponto Fraco: As regulamentações governamentais na China e a concorrência com outras gigantes da tecnologia podem limitar o crescimento de BIDU.

REXR

Empresa californiana focada em desenvolvimento imobiliário. Com excelentes resultados e fundamentos.

Ponto Forte: REXR é uma empresa do setor imobiliário com um portfólio diversificado e um histórico de crescimento constante. A empresa tem se beneficiado do aquecimento do mercado imobiliário em algumas regiões.

Ponto Fraco: O mercado imobiliário é sensível a taxas de juros e ciclos econômicos, o que pode impactar o desempenho de REXR em momentos de crise.

PR

Cara, essa empresa chama muito a atenção. Pelos números robustos. A empresa administra petróleo e campos de gás.

Ponto Forte: A empresa PR atua no setor de recursos naturais e tem se beneficiado do aumento da demanda por commodities. A empresa possui ativos valiosos e uma operação eficiente.

Ponto Fraco: A volatilidade dos preços das commodities e questões ambientais podem afetar negativamente o desempenho de PR.

GPN

A empresa tem excelentes fundamentos e está sentada sobre uma pilha de dinheiro em caixa que excede e muito a real necessidade da empresa. Olho nela!

Ponto Forte: GPN é uma empresa do setor financeiro, com destaque para serviços de pagamento e tecnologia financeira. A empresa tem apresentado crescimento consistente e inovação em seus produtos.

Ponto Fraco: A concorrência no setor financeiro e as regulamentações podem impactar as margens de lucro de GPN.

CIVI

Para concluir nossa lista. Temos essa empresa de construção civil que derreteu caixa. Mas, tem seu valor patrimonial bem abaixo do esperado.

Ponto Forte: CIVI é uma empresa do setor de construção civil, com projetos de infraestrutura e desenvolvimento urbano. A empresa tem se beneficiado de investimentos governamentais e crescimento populacional.

Ponto Fraco: O setor de construção civil é sensível a crises econômicas e atrasos em projetos, o que pode gerar instabilidade para CIVI.

Resumo da ópera:

Investir em ações requer pesquisa e análise cuidadosa. Cada uma das empresas listadas apresenta pontos fortes e fracos que devem ser considerados. ALOS3 se destaca pela sua excelente gestão nos shoppings e imóveis. BIDU se destaca no setor de tecnologia, enquanto RECV3 e AZUL4 oferecem oportunidades nos setores de varejo e aviação. USO e USDBRL são investimentos mais voláteis, ligados ao petróleo e câmbio, respectivamente. REXR e CIVI representam o setor imobiliário e construção civil, enquanto PR e GPN atuam nos setores de recursos naturais e financeiro. Esperamos que esta análise tenha sido útil. Boa sorte em seus investimentos!

Disclaimer

Lembre-se: este não é um conselho de investimento. Faça sua própria pesquisa antes de investir. Resultados passados não garantem lucros futuros. Cuide do seu dinheiro!

Bio

Apaixonado por investimentos e pela transformação que eles podem trazer, a equipe threedolar dedica-se a desmistificar o mundo financeiro e guiar seus leitores rumo à independência financeira. Acreditamos que o conhecimento é a chave para o sucesso nos investimentos.

Links

• https://www.fundamentus.com.br
• https://finviz.com
• https://permianres.com

@ 7f6db517:a4931eda

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

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

— ODELL (@ODELL) September 16, 2018

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

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

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

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

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

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