@ eac63075:b4988b48

Since its creation in 2009, Bitcoin has symbolized innovation and resilience. However, from time to time, alarmist narratives arise about emerging technologies that could "break" its security. Among these, quantum computing stands out as one of the most recurrent. But does quantum computing truly threaten Bitcoin? And more importantly, what is the community doing to ensure the protocol remains invulnerable?

The answer, contrary to sensationalist headlines, is reassuring: Bitcoin is secure, and the community is already preparing for a future where quantum computing becomes a practical reality. Let’s dive into this topic to understand why the concerns are exaggerated and how the development of BIP-360 demonstrates that Bitcoin is one step ahead.

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What Is Quantum Computing, and Why Is Bitcoin Not Threatened?

Quantum computing leverages principles of quantum mechanics to perform calculations that, in theory, could exponentially surpass classical computers—and it has nothing to do with what so-called “quantum coaches” teach to scam the uninformed. One of the concerns is that this technology could compromise two key aspects of Bitcoin’s security:

1. Wallets: These use elliptic curve algorithms (ECDSA) to protect private keys. A sufficiently powerful quantum computer could deduce a private key from its public key.
2. Mining: This is based on the SHA-256 algorithm, which secures the consensus process. A quantum attack could, in theory, compromise the proof-of-work mechanism.

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Understanding Quantum Computing’s Attack Priorities

While quantum computing is often presented as a threat to Bitcoin, not all parts of the network are equally vulnerable. Theoretical attacks would be prioritized based on two main factors: ease of execution and potential reward. This creates two categories of attacks:

1. Attacks on Wallets

Bitcoin wallets, secured by elliptic curve algorithms, would be the initial targets due to the relative vulnerability of their public keys, especially those already exposed on the blockchain. Two attack scenarios stand out:

• Short-term attacks: These occur during the interval between sending a transaction and its inclusion in a block (approximately 10 minutes). A quantum computer could intercept the exposed public key and derive the corresponding private key to redirect funds by creating a transaction with higher fees.

• Long-term attacks: These focus on old wallets whose public keys are permanently exposed. Wallets associated with Satoshi Nakamoto, for example, are especially vulnerable because they were created before the practice of using hashes to mask public keys.

We can infer a priority order for how such attacks might occur based on urgency and importance.

Bitcoin Quantum Attack: Prioritization Matrix (Urgency vs. Importance)

2. Attacks on Mining

Targeting the SHA-256 algorithm, which secures the mining process, would be the next objective. However, this is far more complex and requires a level of quantum computational power that is currently non-existent and far from realization. A successful attack would allow for the recalculation of all possible hashes to dominate the consensus process and potentially "mine" it instantly.

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Satoshi Nakamoto in 2010 on Quantum Computing and Bitcoin Attacks

Recently, Narcelio asked me about a statement I made on Tubacast:

https://x.com/eddieoz/status/1868371296683511969

If an attack became a reality before Bitcoin was prepared, it would be necessary to define the last block prior to the attack and proceed from there using a new hashing algorithm. The solution would resemble the response to the infamous 2013 bug. It’s a fact that this would cause market panic, and Bitcoin's price would drop significantly, creating a potential opportunity for the well-informed.

Preferably, if developers could anticipate the threat and had time to work on a solution and build consensus before an attack, they would simply decide on a future block for the fork, which would then adopt the new algorithm. It might even rehash previous blocks (reaching consensus on them) to avoid potential reorganization through the re-mining of blocks using the old hash. (I often use the term "shielding" old transactions).

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How Can Users Protect Themselves?

While quantum computing is still far from being a practical threat, some simple measures can already protect users against hypothetical scenarios:

• Avoid using exposed public keys: Ensure funds sent to old wallets are transferred to new ones that use public key hashes. This reduces the risk of long-term attacks.
• Use modern wallets: Opt for wallets compatible with SegWit or Taproot, which implement better security practices.
• Monitor security updates: Stay informed about updates from the Bitcoin community, such as the implementation of BIP-360, which will introduce quantum-resistant addresses.
• Do not reuse addresses: Every transaction should be associated with a new address to minimize the risk of repeated exposure of the same public key.
• Adopt secure backup practices: Create offline backups of private keys and seeds in secure locations, protected from unauthorized access.

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BIP-360 and Bitcoin’s Preparation for the Future

Even though quantum computing is still beyond practical reach, the Bitcoin community is not standing still. A concrete example is BIP-360, a proposal that establishes the technical framework to make wallets resistant to quantum attacks.

BIP-360 addresses three main pillars:

1. Introduction of quantum-resistant addresses: A new address format starting with "BC1R" will be used. These addresses will be compatible with post-quantum algorithms, ensuring that stored funds are protected from future attacks.
2. Compatibility with the current ecosystem: The proposal allows users to transfer funds from old addresses to new ones without requiring drastic changes to the network infrastructure.
3. Flexibility for future updates: BIP-360 does not limit the choice of specific algorithms. Instead, it serves as a foundation for implementing new post-quantum algorithms as technology evolves.

This proposal demonstrates how Bitcoin can adapt to emerging threats without compromising its decentralized structure.

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Post-Quantum Algorithms: The Future of Bitcoin Cryptography

The community is exploring various algorithms to protect Bitcoin from quantum attacks. Among the most discussed are:

• Falcon: A solution combining smaller public keys with compact digital signatures. Although it has been tested in limited scenarios, it still faces scalability and performance challenges.
• Sphincs: Hash-based, this algorithm is renowned for its resilience, but its signatures can be extremely large, making it less efficient for networks like Bitcoin’s blockchain.
• Lamport: Created in 1977, it’s considered one of the earliest post-quantum security solutions. Despite its reliability, its gigantic public keys (16,000 bytes) make it impractical and costly for Bitcoin.

Two technologies show great promise and are well-regarded by the community:

1. Lattice-Based Cryptography: Considered one of the most promising, it uses complex mathematical structures to create systems nearly immune to quantum computing. Its implementation is still in its early stages, but the community is optimistic.
2. Supersingular Elliptic Curve Isogeny: These are very recent digital signature algorithms and require extensive study and testing before being ready for practical market use.

The final choice of algorithm will depend on factors such as efficiency, cost, and integration capability with the current system. Additionally, it is preferable that these algorithms are standardized before implementation, a process that may take up to 10 years.

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Why Quantum Computing Is Far from Being a Threat

The alarmist narrative about quantum computing overlooks the technical and practical challenges that still need to be overcome. Among them:

• Insufficient number of qubits: Current quantum computers have only a few hundred qubits, whereas successful attacks would require millions.
• High error rate: Quantum stability remains a barrier to reliable large-scale operations.
• High costs: Building and operating large-scale quantum computers requires massive investments, limiting their use to scientific or specific applications.

Moreover, even if quantum computers make significant advancements, Bitcoin is already adapting to ensure its infrastructure is prepared to respond.

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Conclusion: Bitcoin’s Secure Future

Despite advancements in quantum computing, the reality is that Bitcoin is far from being threatened. Its security is ensured not only by its robust architecture but also by the community’s constant efforts to anticipate and mitigate challenges.

The implementation of BIP-360 and the pursuit of post-quantum algorithms demonstrate that Bitcoin is not only resilient but also proactive. By adopting practical measures, such as using modern wallets and migrating to quantum-resistant addresses, users can further protect themselves against potential threats.

Bitcoin’s future is not at risk—it is being carefully shaped to withstand any emerging technology, including quantum computing.

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Based on a recent paper that included collaboration from renowned experts such as Lynn Alden, Steve Lee, and Ren Crypto Fish, we discuss in depth how Bitcoin's consensus is built, the main risks, and the complex dynamics of protocol upgrades.

PT-BR version

Podcast https://www.fountain.fm/episode/wbjD6ntQuvX5u2G5BccC

Presentation https://gamma.app/docs/Analyzing-Bitcoin-Consensus-Risks-in-Protocol-Upgrades-p66axxjwaa37ksn

1. Introduction to Consensus in Bitcoin

Consensus in Bitcoin is the foundation that keeps the network secure and functional, allowing users worldwide to perform transactions in a decentralized manner without the need for intermediaries. Since its launch in 2009, Bitcoin is often described as an "immutable" system designed to resist changes, and it is precisely this resistance that ensures its security and stability.

The central idea behind consensus in Bitcoin is to create a set of acceptance rules for blocks and transactions, ensuring that all network participants agree on the transaction history. This prevents "double-spending," where the same bitcoin could be used in two simultaneous transactions, something that would compromise trust in the network.

Evolution of Consensus in Bitcoin

Over the years, consensus in Bitcoin has undergone several adaptations, and the way participants agree on changes remains a delicate process. Unlike traditional systems, where changes can be imposed from the top down, Bitcoin operates in a decentralized model where any significant change needs the support of various groups of stakeholders, including miners, developers, users, and large node operators.

Moreover, the update process is extremely cautious, as hasty changes can compromise the network's security. As a result, the philosophy of "don't fix what isn't broken" prevails, with improvements happening incrementally and only after broad consensus among those involved. This model can make progress seem slow but ensures that Bitcoin remains faithful to the principles of security and decentralization.

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2. Technical Components of Consensus

Bitcoin's consensus is supported by a set of technical rules that determine what is considered a valid transaction and a valid block on the network. These technical aspects ensure that all nodes—the computers that participate in the Bitcoin network—agree on the current state of the blockchain. Below are the main technical components that form the basis of the consensus.

Validation of Blocks and Transactions

The validation of blocks and transactions is the central point of consensus in Bitcoin. A block is only considered valid if it meets certain criteria, such as maximum size, transaction structure, and the solving of the "Proof of Work" problem. The proof of work, required for a block to be included in the blockchain, is a computational process that ensures the block contains significant computational effort—protecting the network against manipulation attempts.

Transactions, in turn, need to follow specific input and output rules. Each transaction includes cryptographic signatures that prove the ownership of the bitcoins sent, as well as validation scripts that verify if the transaction conditions are met. This validation system is essential for network nodes to autonomously confirm that each transaction follows the rules.

Chain Selection

Another fundamental technical issue for Bitcoin's consensus is chain selection, which becomes especially important in cases where multiple versions of the blockchain coexist, such as after a network split (fork). To decide which chain is the "true" one and should be followed, the network adopts the criterion of the highest accumulated proof of work. In other words, the chain with the highest number of valid blocks, built with the greatest computational effort, is chosen by the network as the official one.

This criterion avoids permanent splits because it encourages all nodes to follow the same main chain, reinforcing consensus.

Soft Forks vs. Hard Forks

In the consensus process, protocol changes can happen in two ways: through soft forks or hard forks. These variations affect not only the protocol update but also the implications for network users:

• Soft Forks: These are changes that are backward compatible. Only nodes that adopt the new update will follow the new rules, but old nodes will still recognize the blocks produced with these rules as valid. This compatibility makes soft forks a safer option for updates, as it minimizes the risk of network division.

• Hard Forks: These are updates that are not backward compatible, requiring all nodes to update to the new version or risk being separated from the main chain. Hard forks can result in the creation of a new coin, as occurred with the split between Bitcoin and Bitcoin Cash in 2017. While hard forks allow for deeper changes, they also bring significant risks of network fragmentation.

These technical components form the base of Bitcoin's security and resilience, allowing the system to remain functional and immutable without losing the necessary flexibility to evolve over time.

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3. Stakeholders in Bitcoin's Consensus

Consensus in Bitcoin is not decided centrally. On the contrary, it depends on the interaction between different groups of stakeholders, each with their motivations, interests, and levels of influence. These groups play fundamental roles in how changes are implemented or rejected on the network. Below, we explore the six main stakeholders in Bitcoin's consensus.

1. Economic Nodes

Economic nodes, usually operated by exchanges, custody providers, and large companies that accept Bitcoin, exert significant influence over consensus. Because they handle large volumes of transactions and act as a connection point between the Bitcoin ecosystem and the traditional financial system, these nodes have the power to validate or reject blocks and to define which version of the software to follow in case of a fork.

Their influence is proportional to the volume of transactions they handle, and they can directly affect which chain will be seen as the main one. Their incentive is to maintain the network's stability and security to preserve its functionality and meet regulatory requirements.

2. Investors

Investors, including large institutional funds and individual Bitcoin holders, influence consensus indirectly through their impact on the asset's price. Their buying and selling actions can affect Bitcoin's value, which in turn influences the motivation of miners and other stakeholders to continue investing in the network's security and development.

Some institutional investors have agreements with custodians that may limit their ability to act in network split situations. Thus, the impact of each investor on consensus can vary based on their ownership structure and how quickly they can react to a network change.

3. Media Influencers

Media influencers, including journalists, analysts, and popular personalities on social media, have a powerful role in shaping public opinion about Bitcoin and possible updates. These influencers can help educate the public, promote debates, and bring transparency to the consensus process.

On the other hand, the impact of influencers can be double-edged: while they can clarify complex topics, they can also distort perceptions by amplifying or minimizing change proposals. This makes them a force both of support and resistance to consensus.

4. Miners

Miners are responsible for validating transactions and including blocks in the blockchain. Through computational power (hashrate), they also exert significant influence over consensus decisions. In update processes, miners often signal their support for a proposal, indicating that the new version is safe to use. However, this signaling is not always definitive, and miners can change their position if they deem it necessary.

Their incentive is to maximize returns from block rewards and transaction fees, as well as to maintain the value of investments in their specialized equipment, which are only profitable if the network remains stable.

5. Protocol Developers

Protocol developers, often called "Core Developers," are responsible for writing and maintaining Bitcoin's code. Although they do not have direct power over consensus, they possess an informal veto power since they decide which changes are included in the main client (Bitcoin Core). This group also serves as an important source of technical knowledge, helping guide decisions and inform other stakeholders.

Their incentive lies in the continuous improvement of the network, ensuring security and decentralization. Many developers are funded by grants and sponsorships, but their motivations generally include a strong ideological commitment to Bitcoin's principles.

6. Users and Application Developers

This group includes people who use Bitcoin in their daily transactions and developers who build solutions based on the network, such as wallets, exchanges, and payment platforms. Although their power in consensus is less than that of miners or economic nodes, they play an important role because they are responsible for popularizing Bitcoin's use and expanding the ecosystem.

If application developers decide not to adopt an update, this can affect compatibility and widespread acceptance. Thus, they indirectly influence consensus by deciding which version of the protocol to follow in their applications.

These stakeholders are vital to the consensus process, and each group exerts influence according to their involvement, incentives, and ability to act in situations of change. Understanding the role of each makes it clearer how consensus is formed and why it is so difficult to make significant changes to Bitcoin.

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4. Mechanisms for Activating Updates in Bitcoin

For Bitcoin to evolve without compromising security and consensus, different mechanisms for activating updates have been developed over the years. These mechanisms help coordinate changes among network nodes to minimize the risk of fragmentation and ensure that updates are implemented in an orderly manner. Here, we explore some of the main methods used in Bitcoin, their advantages and disadvantages, as well as historical examples of significant updates.

Flag Day

The Flag Day mechanism is one of the simplest forms of activating changes. In it, a specific date or block is determined as the activation moment, and all nodes must be updated by that point. This method does not involve prior signaling; participants simply need to update to the new software version by the established day or block.

• Advantages: Simplicity and predictability are the main benefits of Flag Day, as everyone knows the exact activation date.

• Disadvantages: Inflexibility can be a problem because there is no way to adjust the schedule if a significant part of the network has not updated. This can result in network splits if a significant number of nodes are not ready for the update.

An example of Flag Day was the Pay to Script Hash (P2SH) update in 2012, which required all nodes to adopt the change to avoid compatibility issues.

BIP34 and BIP9

BIP34 introduced a more dynamic process, in which miners increase the version number in block headers to signal the update. When a predetermined percentage of the last blocks is mined with this new version, the update is automatically activated. This model later evolved with BIP9, which allowed multiple updates to be signaled simultaneously through "version bits," each corresponding to a specific change.

• Advantages: Allows the network to activate updates gradually, giving more time for participants to adapt.

• Disadvantages: These methods rely heavily on miner support, which means that if a sufficient number of miners do not signal the update, it can be delayed or not implemented.

BIP9 was used in the activation of SegWit (BIP141) but faced challenges because some miners did not signal their intent to activate, leading to the development of new mechanisms.

User Activated Soft Forks (UASF) and User Resisted Soft Forks (URSF)

To increase the decision-making power of ordinary users, the concept of User Activated Soft Fork (UASF) was introduced, allowing node operators, not just miners, to determine consensus for a change. In this model, nodes set a date to start rejecting blocks that are not in compliance with the new update, forcing miners to adapt or risk having their blocks rejected by the network.

URSF, in turn, is a model where nodes reject blocks that attempt to adopt a specific update, functioning as resistance against proposed changes.

• Advantages: UASF returns decision-making power to node operators, ensuring that changes do not depend solely on miners.

• Disadvantages: Both UASF and URSF can generate network splits, especially in cases of strong opposition among different stakeholders.

An example of UASF was the activation of SegWit in 2017, where users supported activation independently of miner signaling, which ended up forcing its adoption.

BIP8 (LOT=True)

BIP8 is an evolution of BIP9, designed to prevent miners from indefinitely blocking a change desired by the majority of users and developers. BIP8 allows setting a parameter called "lockinontimeout" (LOT) as true, which means that if the update has not been fully signaled by a certain point, it is automatically activated.

• Advantages: Ensures that changes with broad support among users are not blocked by miners who wish to maintain the status quo.

• Disadvantages: Can lead to network splits if miners or other important stakeholders do not support the update.

Although BIP8 with LOT=True has not yet been used in Bitcoin, it is a proposal that can be applied in future updates if necessary.

These activation mechanisms have been essential for Bitcoin's development, allowing updates that keep the network secure and functional. Each method brings its own advantages and challenges, but all share the goal of preserving consensus and network cohesion.

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5. Risks and Considerations in Consensus Updates

Consensus updates in Bitcoin are complex processes that involve not only technical aspects but also political, economic, and social considerations. Due to the network's decentralized nature, each change brings with it a set of risks that need to be carefully assessed. Below, we explore some of the main challenges and future scenarios, as well as the possible impacts on stakeholders.

Network Fragility with Alternative Implementations

One of the main risks associated with consensus updates is the possibility of network fragmentation when there are alternative software implementations. If an update is implemented by a significant group of nodes but rejected by others, a network split (fork) can occur. This creates two competing chains, each with a different version of the transaction history, leading to unpredictable consequences for users and investors.

Such fragmentation weakens Bitcoin because, by dividing hashing power (computing) and coin value, it reduces network security and investor confidence. A notable example of this risk was the fork that gave rise to Bitcoin Cash in 2017 when disagreements over block size resulted in a new chain and a new asset.

Chain Splits and Impact on Stakeholders

Chain splits are a significant risk in update processes, especially in hard forks. During a hard fork, the network is split into two separate chains, each with its own set of rules. This results in the creation of a new coin and leaves users with duplicated assets on both chains. While this may seem advantageous, in the long run, these splits weaken the network and create uncertainties for investors.

Each group of stakeholders reacts differently to a chain split:

• Institutional Investors and ETFs: Face regulatory and compliance challenges because many of these assets are managed under strict regulations. The creation of a new coin requires decisions to be made quickly to avoid potential losses, which may be hampered by regulatory constraints.

• Miners: May be incentivized to shift their computing power to the chain that offers higher profitability, which can weaken one of the networks.

• Economic Nodes: Such as major exchanges and custody providers, have to quickly choose which chain to support, influencing the perceived value of each network.

Such divisions can generate uncertainties and loss of value, especially for institutional investors and those who use Bitcoin as a store of value.

Regulatory Impacts and Institutional Investors

With the growing presence of institutional investors in Bitcoin, consensus changes face new compliance challenges. Bitcoin ETFs, for example, are required to follow strict rules about which assets they can include and how chain split events should be handled. The creation of a new asset or migration to a new chain can complicate these processes, creating pressure for large financial players to quickly choose a chain, affecting the stability of consensus.

Moreover, decisions regarding forks can influence the Bitcoin futures and derivatives market, affecting perception and adoption by new investors. Therefore, the need to avoid splits and maintain cohesion is crucial to attract and preserve the confidence of these investors.

Security Considerations in Soft Forks and Hard Forks

While soft forks are generally preferred in Bitcoin for their backward compatibility, they are not without risks. Soft forks can create different classes of nodes on the network (updated and non-updated), which increases operational complexity and can ultimately weaken consensus cohesion. In a network scenario with fragmentation of node classes, Bitcoin's security can be affected, as some nodes may lose part of the visibility over updated transactions or rules.

In hard forks, the security risk is even more evident because all nodes need to adopt the new update to avoid network division. Experience shows that abrupt changes can create temporary vulnerabilities, in which malicious agents try to exploit the transition to attack the network.

Bounty Claim Risks and Attack Scenarios

Another risk in consensus updates are so-called "bounty claims"—accumulated rewards that can be obtained if an attacker manages to split or deceive a part of the network. In a conflict scenario, a group of miners or nodes could be incentivized to support a new update or create an alternative version of the software to benefit from these rewards.

These risks require stakeholders to carefully assess each update and the potential vulnerabilities it may introduce. The possibility of "bounty claims" adds a layer of complexity to consensus because each interest group may see a financial opportunity in a change that, in the long term, may harm network stability.

The risks discussed above show the complexity of consensus in Bitcoin and the importance of approaching it gradually and deliberately. Updates need to consider not only technical aspects but also economic and social implications, in order to preserve Bitcoin's integrity and maintain trust among stakeholders.

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6. Recommendations for the Consensus Process in Bitcoin

To ensure that protocol changes in Bitcoin are implemented safely and with broad support, it is essential that all stakeholders adopt a careful and coordinated approach. Here are strategic recommendations for evaluating, supporting, or rejecting consensus updates, considering the risks and challenges discussed earlier, along with best practices for successful implementation.

1. Careful Evaluation of Proposal Maturity

Stakeholders should rigorously assess the maturity level of a proposal before supporting its implementation. Updates that are still experimental or lack a robust technical foundation can expose the network to unnecessary risks. Ideally, change proposals should go through an extensive testing phase, have security audits, and receive review and feedback from various developers and experts.

2. Extensive Testing in Secure and Compatible Networks

Before an update is activated on the mainnet, it is essential to test it on networks like testnet and signet, and whenever possible, on other compatible networks that offer a safe and controlled environment to identify potential issues. Testing on networks like Litecoin was fundamental for the safe launch of innovations like SegWit and the Lightning Network, allowing functionalities to be validated on a lower-impact network before being implemented on Bitcoin.

The Liquid Network, developed by Blockstream, also plays an important role as an experimental network for new proposals, such as OP_CAT. By adopting these testing environments, stakeholders can mitigate risks and ensure that the update is reliable and secure before being adopted by the main network.

3. Importance of Stakeholder Engagement

The success of a consensus update strongly depends on the active participation of all stakeholders. This includes economic nodes, miners, protocol developers, investors, and end users. Lack of participation can lead to inadequate decisions or even future network splits, which would compromise Bitcoin's security and stability.

4. Key Questions for Evaluating Consensus Proposals

To assist in decision-making, each group of stakeholders should consider some key questions before supporting a consensus change:

• Does the proposal offer tangible benefits for Bitcoin's security, scalability, or usability?
• Does it maintain backward compatibility or introduce the risk of network split?
• Are the implementation requirements clear and feasible for each group involved?
• Are there clear and aligned incentives for all stakeholder groups to accept the change?

5. Coordination and Timing in Implementations

Timing is crucial. Updates with short activation windows can force a split because not all nodes and miners can update simultaneously. Changes should be planned with ample deadlines to allow all stakeholders to adjust their systems, avoiding surprises that could lead to fragmentation.

Mechanisms like soft forks are generally preferable to hard forks because they allow a smoother transition. Opting for backward-compatible updates when possible facilitates the process and ensures that nodes and miners can adapt without pressure.

6. Continuous Monitoring and Re-evaluation

After an update, it's essential to monitor the network to identify problems or side effects. This continuous process helps ensure cohesion and trust among all participants, keeping Bitcoin as a secure and robust network.

These recommendations, including the use of secure networks for extensive testing, promote a collaborative and secure environment for Bitcoin's consensus process. By adopting a deliberate and strategic approach, stakeholders can preserve Bitcoin's value as a decentralized and censorship-resistant network.

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7. Conclusion

Consensus in Bitcoin is more than a set of rules; it's the foundation that sustains the network as a decentralized, secure, and reliable system. Unlike centralized systems, where decisions can be made quickly, Bitcoin requires a much more deliberate and cooperative approach, where the interests of miners, economic nodes, developers, investors, and users must be considered and harmonized. This governance model may seem slow, but it is fundamental to preserving the resilience and trust that make Bitcoin a global store of value and censorship-resistant.

Consensus updates in Bitcoin must balance the need for innovation with the preservation of the network's core principles. The development process of a proposal needs to be detailed and rigorous, going through several testing stages, such as in testnet, signet, and compatible networks like Litecoin and Liquid Network. These networks offer safe environments for proposals to be analyzed and improved before being launched on the main network.

Each proposed change must be carefully evaluated regarding its maturity, impact, backward compatibility, and support among stakeholders. The recommended key questions and appropriate timing are critical to ensure that an update is adopted without compromising network cohesion. It's also essential that the implementation process is continuously monitored and re-evaluated, allowing adjustments as necessary and minimizing the risk of instability.

By following these guidelines, Bitcoin's stakeholders can ensure that the network continues to evolve safely and robustly, maintaining user trust and further solidifying its role as one of the most resilient and innovative digital assets in the world. Ultimately, consensus in Bitcoin is not just a technical issue but a reflection of its community and the values it represents: security, decentralization, and resilience.

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8. Links

Whitepaper: https://github.com/bitcoin-cap/bcap

Youtube (pt-br): https://www.youtube.com/watch?v=rARycAibl9o&list=PL-qnhF0qlSPkfhorqsREuIu4UTbF0h4zb

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The future of physical money is at stake, and the discussion about DREX, the new digital currency planned by the Central Bank of Brazil, is gaining momentum. In a candid and intense conversation, Federal Deputy Julia Zanatta (PL/SC) discussed the challenges and risks of this digital transition, also addressing her Bill No. 3,341/2024, which aims to prevent the extinction of physical currency. This bill emerges as a direct response to legislative initiatives seeking to replace physical money with digital alternatives, limiting citizens' options and potentially compromising individual freedom. Let's delve into the main points of this conversation.

https://www.fountain.fm/episode/i5YGJ9Ors3PkqAIMvNQ0

(PT-BR version here)

What is a CBDC?

Before discussing the specifics of DREX, it’s important to understand what a CBDC (Central Bank Digital Currency) is. CBDCs are digital currencies issued by central banks, similar to a digital version of physical money. Unlike cryptocurrencies such as Bitcoin, which operate in a decentralized manner, CBDCs are centralized and regulated by the government. In other words, they are digital currencies created and controlled by the Central Bank, intended to replace physical currency.

A prominent feature of CBDCs is their programmability. This means that the government can theoretically set rules about how, where, and for what this currency can be used. This aspect enables a level of control over citizens' finances that is impossible with physical money. By programming the currency, the government could limit transactions by setting geographical or usage restrictions. In practice, money within a CBDC could be restricted to specific spending or authorized for use in a defined geographical area.

In countries like China, where citizen actions and attitudes are also monitored, a person considered to have a "low score" due to a moral or ideological violation may have their transactions limited to essential purchases, restricting their digital currency use to non-essential activities. This financial control is strengthened because, unlike physical money, digital currency cannot be exchanged anonymously.

Practical Example: The Case of DREX During the Pandemic

To illustrate how DREX could be used, an example was given by Eric Altafim, director of Banco Itaú. He suggested that, if DREX had existed during the COVID-19 pandemic, the government could have restricted the currency’s use to a 5-kilometer radius around a person’s residence, limiting their economic mobility. Another proposed use by the executive related to the Bolsa Família welfare program: the government could set up programming that only allows this benefit to be used exclusively for food purchases. Although these examples are presented as control measures for safety or organization, they demonstrate how much a CBDC could restrict citizens' freedom of choice.

To illustrate the potential for state control through a Central Bank Digital Currency (CBDC), such as DREX, it is helpful to look at the example of China. In China, the implementation of a CBDC coincides with the country’s Social Credit System, a governmental surveillance tool that assesses citizens' and companies' behavior. Together, these technologies allow the Chinese government to monitor, reward, and, above all, punish behavior deemed inappropriate or threatening to the government.

How Does China's Social Credit System Work?

Implemented in 2014, China's Social Credit System assigns every citizen and company a "score" based on various factors, including financial behavior, criminal record, social interactions, and even online activities. This score determines the benefits or penalties each individual receives and can affect everything from public transport access to obtaining loans and enrolling in elite schools for their children. Citizens with low scores may face various sanctions, including travel restrictions, fines, and difficulty in securing loans.

With the adoption of the CBDC — or “digital yuan” — the Chinese government now has a new tool to closely monitor citizens' financial transactions, facilitating the application of Social Credit System penalties. China’s CBDC is a programmable digital currency, which means that the government can restrict how, when, and where the money can be spent. Through this level of control, digital currency becomes a powerful mechanism for influencing citizens' behavior.

Imagine, for instance, a citizen who repeatedly posts critical remarks about the government on social media or participates in protests. If the Social Credit System assigns this citizen a low score, the Chinese government could, through the CBDC, restrict their money usage in certain areas or sectors. For example, they could be prevented from buying tickets to travel to other regions, prohibited from purchasing certain consumer goods, or even restricted to making transactions only at stores near their home.

Another example of how the government can use the CBDC to enforce the Social Credit System is by monitoring purchases of products such as alcohol or luxury items. If a citizen uses the CBDC to spend more than the government deems reasonable on such products, this could negatively impact their social score, resulting in additional penalties such as future purchase restrictions or a lowered rating that impacts their personal and professional lives.

In China, this kind of control has already been demonstrated in several cases. Citizens added to Social Credit System “blacklists” have seen their spending and investment capacity severely limited. The combination of digital currency and social scores thus creates a sophisticated and invasive surveillance system, through which the Chinese government controls important aspects of citizens’ financial lives and individual freedoms.

Deputy Julia Zanatta views these examples with great concern. She argues that if the state has full control over digital money, citizens will be exposed to a level of economic control and surveillance never seen before. In a democracy, this control poses a risk, but in an authoritarian regime, it could be used as a powerful tool of repression.

DREX and Bill No. 3,341/2024

Julia Zanatta became aware of a bill by a Workers' Party (PT) deputy (Bill 4068/2020 by Deputy Reginaldo Lopes - PT/MG) that proposes the extinction of physical money within five years, aiming for a complete transition to DREX, the digital currency developed by the Central Bank of Brazil. Concerned about the impact of this measure, Julia drafted her bill, PL No. 3,341/2024, which prohibits the elimination of physical money, ensuring citizens the right to choose physical currency.

“The more I read about DREX, the less I want its implementation,” says the deputy. DREX is a Central Bank Digital Currency (CBDC), similar to other state digital currencies worldwide, but which, according to Julia, carries extreme control risks. She points out that with DREX, the State could closely monitor each citizen’s transactions, eliminating anonymity and potentially restricting freedom of choice. This control would lie in the hands of the Central Bank, which could, in a crisis or government change, “freeze balances or even delete funds directly from user accounts.”

Risks and Individual Freedom

Julia raises concerns about potential abuses of power that complete digitalization could allow. In a democracy, state control over personal finances raises serious questions, and EddieOz warns of an even more problematic future. “Today we are in a democracy, but tomorrow, with a government transition, we don't know if this kind of power will be used properly or abused,” he states. In other words, DREX gives the State the ability to restrict or condition the use of money, opening the door to unprecedented financial surveillance.

EddieOz cites Nigeria as an example, where a CBDC was implemented, and the government imposed severe restrictions on the use of physical money to encourage the use of digital currency, leading to protests and clashes in the country. In practice, the poorest and unbanked — those without regular access to banking services — were harshly affected, as without physical money, many cannot conduct basic transactions. Julia highlights that in Brazil, this situation would be even more severe, given the large number of unbanked individuals and the extent of rural areas where access to technology is limited.

The Relationship Between DREX and Pix

The digital transition has already begun with Pix, which revolutionized instant transfers and payments in Brazil. However, Julia points out that Pix, though popular, is a citizen’s choice, while DREX tends to eliminate that choice. The deputy expresses concern about new rules suggested for Pix, such as daily transaction limits of a thousand reais, justified as anti-fraud measures but which, in her view, represent additional control and a profit opportunity for banks. “How many more rules will banks create to profit from us?” asks Julia, noting that DREX could further enhance control over personal finances.

International Precedents and Resistance to CBDC

The deputy also cites examples from other countries resisting the idea of a centralized digital currency. In the United States, states like New Hampshire have passed laws to prevent the advance of CBDCs, and leaders such as Donald Trump have opposed creating a national digital currency. Trump, addressing the topic, uses a justification similar to Julia’s: in a digitalized system, “with one click, your money could disappear.” She agrees with the warning, emphasizing the control risk that a CBDC represents, especially for countries with disadvantaged populations.

Besides the United States, Canada, Colombia, and Australia have also suspended studies on digital currencies, citing the need for further discussions on population impacts. However, in Brazil, the debate on DREX is still limited, with few parliamentarians and political leaders openly discussing the topic. According to Julia, only she and one or two deputies are truly trying to bring this discussion to the Chamber, making DREX’s advance even more concerning.

Bill No. 3,341/2024 and Popular Pressure

For Julia, her bill is a first step. Although she acknowledges that ideally, it would prevent DREX's implementation entirely, PL 3341/2024 is a measure to ensure citizens' choice to use physical money, preserving a form of individual freedom. “If the future means control, I prefer to live in the past,” Julia asserts, reinforcing that the fight for freedom is at the heart of her bill.

However, the deputy emphasizes that none of this will be possible without popular mobilization. According to her, popular pressure is crucial for other deputies to take notice and support PL 3341. “I am only one deputy, and we need the public’s support to raise the project’s visibility,” she explains, encouraging the public to press other parliamentarians and ask them to “pay attention to PL 3341 and the project that prohibits the end of physical money.” The deputy believes that with a strong awareness and pressure movement, it is possible to advance the debate and ensure Brazilians’ financial freedom.

What’s at Stake?

Julia Zanatta leaves no doubt: DREX represents a profound shift in how money will be used and controlled in Brazil. More than a simple modernization of the financial system, the Central Bank’s CBDC sets precedents for an unprecedented level of citizen surveillance and control in the country. For the deputy, this transition needs to be debated broadly and transparently, and it’s up to the Brazilian people to defend their rights and demand that the National Congress discuss these changes responsibly.

The deputy also emphasizes that, regardless of political or partisan views, this issue affects all Brazilians. “This agenda is something that will affect everyone. We need to be united to ensure people understand the gravity of what could happen.” Julia believes that by sharing information and generating open debate, it is possible to prevent Brazil from following the path of countries that have already implemented a digital currency in an authoritarian way.

A Call to Action

The future of physical money in Brazil is at risk. For those who share Deputy Julia Zanatta’s concerns, the time to act is now. Mobilize, get informed, and press your representatives. PL 3341/2024 is an opportunity to ensure that Brazilian citizens have a choice in how to use their money, without excessive state interference or surveillance.

In the end, as the deputy puts it, the central issue is freedom. “My fear is that this project will pass, and people won’t even understand what is happening.” Therefore, may every citizen at least have the chance to understand what’s at stake and make their voice heard in defense of a Brazil where individual freedom and privacy are respected values.

@ 8fb140b4:f948000c

Embarking on the journey of operating your own Lightning node on the Bitcoin Layer 2 network is more than just a tech-savvy endeavor; it's a step into a realm of financial autonomy and cutting-edge innovation. By running a node, you become a vital part of a revolutionary movement that's reshaping how we think about money and digital transactions. This role not only offers a unique perspective on blockchain technology but also places you at the heart of a community dedicated to decentralization and network resilience. Beyond the technicalities, it's about embracing a new era of digital finance, where you contribute directly to the network's security, efficiency, and growth, all while gaining personal satisfaction and potentially lucrative rewards.

In essence, running your own Lightning node is a powerful way to engage with the forefront of blockchain technology, assert financial independence, and contribute to a more decentralized and efficient Bitcoin network. It's an adventure that offers both personal and communal benefits, from gaining in-depth tech knowledge to earning a place in the evolving landscape of cryptocurrency.

Running your own Lightning node for the Bitcoin Layer 2 network can be an empowering and beneficial endeavor. Here are 10 reasons why you might consider taking on this task:

1. Direct Contribution to Decentralization: Operating a node is a direct action towards decentralizing the Bitcoin network, crucial for its security and resistance to control or censorship by any single entity.

2. Financial Autonomy: Owning a node gives you complete control over your financial transactions on the network, free from reliance on third-party services, which can be subject to fees, restrictions, or outages.

3. Advanced Network Participation: As a node operator, you're not just a passive participant but an active player in shaping the network, influencing its efficiency and scalability through direct involvement.

4. Potential for Higher Revenue: With strategic management and optimal channel funding, your node can become a preferred route for transactions, potentially increasing the routing fees you can earn.

5. Cutting-Edge Technological Engagement: Running a node puts you at the forefront of blockchain and bitcoin technology, offering insights into future developments and innovations.

6. Strengthened Network Security: Each new node adds to the robustness of the Bitcoin network, making it more resilient against attacks and failures, thus contributing to the overall security of the ecosystem.

7. Personalized Fee Structures: You have the flexibility to set your own fee policies, which can balance earning potential with the service you provide to the network.

8. Empowerment Through Knowledge: The process of setting up and managing a node provides deep learning opportunities, empowering you with knowledge that can be applied in various areas of blockchain and fintech.

9. Boosting Transaction Capacity: By running a node, you help to increase the overall capacity of the Lightning Network, enabling more transactions to be processed quickly and at lower costs.

10. Community Leadership and Reputation: As an active node operator, you gain recognition within the Bitcoin community, which can lead to collaborative opportunities and a position of thought leadership in the space.

These reasons demonstrate the impactful and transformative nature of running a Lightning node, appealing to those who are deeply invested in the principles of bitcoin and wish to actively shape its future. Jump aboard, and embrace the journey toward full independence. 🐶🐾🫡🚀🚀🚀

@ 8fb140b4:f948000c

Chef's notes

Serving these two dishes together will create a delightful centerpiece for your Thanksgiving meal, offering a perfect blend of traditional flavors with a homemade touch.

Details

• ⏲️ Prep time: 30 min
• 🍳 Cook time: 1 - 2 hours
• 🍽️ Servings: 4-6

Ingredients

• 1 whole turkey (about 12-14 lbs), thawed and ready to cook
• 1 cup unsalted butter, softened
• 2 tablespoons fresh thyme, chopped
• 2 tablespoons fresh rosemary, chopped
• 2 tablespoons fresh sage, chopped
• Salt and freshly ground black pepper
• 1 onion, quartered
• 1 lemon, halved
• 2-3 cloves of garlic
• Apple and Sage Stuffing
• 1 loaf of crusty bread, cut into cubes
• 2 apples, cored and chopped
• 1 onion, diced
• 2 stalks celery, diced
• 3 cloves garlic, minced
• 1/4 cup fresh sage, chopped
• 1/2 cup unsalted butter
• 2 cups chicken broth
• Salt and pepper, to taste

Directions

1. Preheat the Oven: Set your oven to 325°F (165°C).
2. Prepare the Herb Butter: Mix the softened butter with the chopped thyme, rosemary, and sage. Season with salt and pepper.
3. Prepare the Turkey: Remove any giblets from the turkey and pat it dry. Loosen the skin and spread a generous amount of herb butter under and over the skin.
4. Add Aromatics: Inside the turkey cavity, place the quartered onion, lemon halves, and garlic cloves.
5. Roast: Place the turkey in a roasting pan. Tent with aluminum foil and roast. A general guideline is about 15 minutes per pound, or until the internal temperature reaches 165°F (74°C) at the thickest part of the thigh.
6. Rest and Serve: Let the turkey rest for at least 20 minutes before carving.
7. Next: Apple and Sage Stuffing
8. Dry the Bread: Spread the bread cubes on a baking sheet and let them dry overnight, or toast them in the oven.
9. Cook the Vegetables: In a large skillet, melt the butter and cook the onion, celery, and garlic until soft.
10. Combine Ingredients: Add the apples, sage, and bread cubes to the skillet. Stir in the chicken broth until the mixture is moist. Season with salt and pepper.
11. Bake: Transfer the stuffing to a baking dish and bake at 350°F (175°C) for about 30-40 minutes, until golden brown on top.

@ 8fb140b4:f948000c

Testing a brand new YakiHonne native client for iOS. Smooth as butter (not penis butter 🤣🍆🧈) with great visual experience and intuitive navigation. Amazing work by the team behind it! * lists * work

Bold text work!

Images could have used nostr.build instead of raw S3 from us-east-1 region.

Very impressive! You can even save the draft and continue later, before posting the long-form note!

🐶🐾🤯🤯🤯🫂💜

@ 8fb140b4:f948000c

As the title states, scratch behind my ear and you get it. 🐶🐾🫡

@ 8fb140b4:f948000c

Test Bounty Note

@ 8fb140b4:f948000c

Intro

This short tutorial will help you set up your own Nostr Wallet Connect (NWC) on your own LND Node that is not using Umbrel. If you are a user of Umbrel, you should use their version of NWC.

Requirements

You need to have a working installation of LND with established channels and connectivity to the internet. NWC in itself is fairly light and will not consume a lot of resources. You will also want to ensure that you have a working installation of Docker, since we will use a docker image to run NWC.

• Working installation of LND (and all of its required components)
• Docker (with Docker compose)

Installation

For the purpose of this tutorial, we will assume that you have your lnd/bitcoind running under user bitcoin with home directory /home/bitcoin. We will also assume that you already have a running installation of Docker (or docker.io).

Prepare and verify

git version - we will need git to get the latest version of NWC. docker version - should execute successfully and show the currently installed version of Docker. docker compose version - same as before, but the version will be different. ss -tupln | grep 10009- should produce the following output: tcp LISTEN 0 4096 0.0.0.0:10009 0.0.0.0: tcp LISTEN 0 4096 [::]:10009 [::]:**

For things to work correctly, your Docker should be version 20.10.0 or later. If you have an older version, consider installing a new one using instructions here: https://docs.docker.com/engine/install/

Create folders & download NWC

In the home directory of your LND/bitcoind user, create a new folder, e.g., "nwc" mkdir /home/bitcoin/nwc. Change to that directory cd /home/bitcoin/nwc and clone the NWC repository: git clone https://github.com/getAlby/nostr-wallet-connect.git

Creating the Docker image

In this step, we will create a Docker image that you will use to run NWC.

• Change directory to nostr-wallet-connect: cd nostr-wallet-connect
• Run command to build Docker image: docker build -t nwc:$(date +'%Y%m%d%H%M') -t nwc:latest . (there is a dot at the end)
• The last line of the output (after a few minutes) should look like => => naming to docker.io/library/nwc:latest
• nwc:latest is the name of the Docker image with a tag which you should note for use later.

Creating docker-compose.yml and necessary data directories

• Let's create a directory that will hold your non-volatile data (DB): mkdir data
• Indocker-compose.ymlfile, there are fields that you want to replace (<> comments) and port “4321” that you want to make sure is open (check with ss -tupln | grep 4321which should return nothing).
• Create docker-compose.ymlfile with the following content, and make sure to update fields that have <> comment:

version: "3.8" services: nwc: image: nwc:latest volumes: - ./data:/data - ~/.lnd:/lnd:ro ports: - "4321:8080" extra_hosts: - "localhost:host-gateway" environment: NOSTR_PRIVKEY: <use "openssl rand -hex 32" to generate a fresh key and place it inside ""> LN_BACKEND_TYPE: "LND" LND_ADDRESS: localhost:10009 LND_CERT_FILE: "/lnd/tls.cert" LND_MACAROON_FILE: "/lnd/data/chain/bitcoin/mainnet/admin.macaroon" DATABASE_URI: "/data/nostr-wallet-connect.db" COOKIE_SECRET: <use "openssl rand -hex 32" to generate fresh secret and place it inside ""> PORT: 8080 restart: always stop_grace_period: 1m

Starting and testing

Now that you have everything ready, it is time to start the container and test.

• While you are in the nwcdirectory (important), execute the following command and check the log output, docker compose up
• You should see container logs while it is starting, and it should not exit if everything went well.
• At this point, you should be able to go to http://<ip of the host where nwc is running>:4321 and get to the interface of NWC
• To stop the test run of NWC, simply press Ctrl-C , and it will shut the container down.
• To start NWC permanently, you should execute docker compose up -d , “-d” tells Docker to detach from the session.
• To check currently running NWC logs, execute docker compose logs to run it in tail mode add -f to the end.
• To stop the container, execute docker compose down

That's all, just follow the instructions in the web interface to get started.

Updating

As with any software, you should expect fixes and updates that you would need to perform periodically. You could automate this, but it falls outside of the scope of this tutorial. Since we already have all of the necessary configuration in place, the update execution is fairly simple.

• Change directory to the clone of the git repository, cd /home/bitcoin/nwc/nostr-wallet-connect
• Run command to build Docker image: docker build -t nwc:$(date +'%Y%m%d%H%M') -t nwc:latest . (there is a dot at the end)
• Change directory back one level cd ..
• Restart (stop and start) the docker compose config docker compose down && docker compose up -d
• Done! Optionally you may want to check the logs: docker compose logs

@ eb35d9c0:6ea2b8d0

I had a ton of fun making this episode of Midnight Signals. It taught me a lot about the haunting of the Bell family and the demise of John Bell. His death was attributed to the Bell Witch making Tennessee the only state to recognize a person's death to the supernatural.

If you enjoyed the episode, visit the Midnight Signals site. https://midnightsignals.net

Show Notes

Journey back to the early 1800s and the eerie Bell Witch haunting that plagued the Bell family in Adams, Tennessee. It began with strange creatures and mysterious knocks, evolving into disembodied voices and violent attacks on young Betsy Bell. Neighbors, even Andrew Jackson, witnessed the phenomena, adding to the legend. The witch's identity remains a mystery, sowing fear and chaos, ultimately leading to John Bell's tragic demise. The haunting waned, but its legacy lingers, woven into the very essence of the town. Delve into this chilling story of a family's relentless torment by an unseen force.

Transcript

Good evening, night owls. I'm Russ Chamberlain, and you're listening to midnight signals, the show, where we explore the darkest corners of our collective past. Tonight, our signal takes us to the early 1800s to a modest family farm in Adams, Tennessee. Where the Bell family encountered what many call the most famous haunting in American history.

Make yourself comfortable, hush your surroundings, and let's delve into this unsettling tale. Our story begins in 1804, when John Bell and his wife Lucy made their way from North Carolina to settle along the Red River in northern Tennessee. In those days, the land was wide and fertile, mostly unspoiled with gently rolling hills and dense woodland.

For the Bells, John, Lucy, and their children, The move promised prosperity. They arrived eager to farm the rich soil, raise livestock, and find a peaceful home. At first, life mirrored [00:01:00] that hope. By day, John and his sons worked tirelessly in the fields, planting corn and tending to animals, while Lucy and her daughters managed the household.

Evenings were spent quietly, with scripture readings by the light of a flickering candle. Neighbors in the growing settlement of Adams spoke well of John's dedication and Lucy's gentle spirit. The Bells were welcomed into the Fold, a new family building their future on the Tennessee Earth. In those early years, the Bells likely gave little thought to uneasy rumors whispered around the region.

Strange lights seen deep in the woods, soft cries heard by travelers at dusk, small mysteries that most dismissed as product of the imagination. Life on the frontier demanded practicality above all else, leaving little time to dwell on spirits or curses. Unbeknownst to them, events on their farm would soon dominate not only their lives, but local lore for generations to come.[00:02:00]

It was late summer, 1817, when John Bell's ordinary routines took a dramatic turn. One evening, in the waning twilight, he spotted an odd creature near the edge of a tree line. A strange beast resembling part dog, part rabbit. Startled, John raised his rifle and fired, the shot echoing through the fields. Yet, when he went to inspect the spot, nothing remained.

No tracks, no blood, nothing to prove the creature existed at all. John brushed it off as a trick of falling light or his own tired eyes. He returned to the house, hoping for a quiet evening. But in the days that followed, faint knocking sounds began at the windows after sunset. Soft scratching rustled against the walls as if curious fingers or claws tested the timbers.

The family's dog barked at shadows, growling at the emptiness of the yard. No one considered it a haunting at first. Life on a rural [00:03:00] farm was filled with pests, nocturnal animals, and the countless unexplained noises of the frontier. Yet the disturbances persisted, night after night, growing a little bolder each time.

One evening, the knocking on the walls turned so loud it woke the entire household. Lamps were lit, doors were open, the ground searched, but the land lay silent under the moon. Within weeks, the unsettling taps and scrapes evolved into something more alarming. Disembodied voices. At first, the voices were faint.

A soft murmur in rooms with no one in them. Betsy Bell, the youngest daughter, insisted she heard her name called near her bed. She ran to her mother and her father trembling, but they found no intruder. Still, The voice continued, too low for them to identify words, yet distinct enough to chill the blood.

Lucy Bell began to fear they were facing a spirit, an unclean presence that had invaded their home. She prayed for divine [00:04:00] protection each evening, yet sometimes the voice seemed to mimic her prayers, twisting her words into a derisive echo. John Bell, once confident and strong, grew unnerved. When he tried reading from the Bible, the voice mocked him, imitating his tone like a cruel prankster.

As the nights passed, disturbances gained momentum. Doors opened by themselves, chairs shifted with no hand to move them, and curtains fluttered in a room void of drafts. Even in daytime, Betsy would find objects missing, only for them to reappear on the kitchen floor or a distant shelf. It felt as if an unseen intelligence roamed the house, bent on sowing chaos.

Of all the bells, Betsy suffered the most. She was awakened at night by her hair being yanked hard enough to pull her from sleep. Invisible hands slapped her cheeks, leaving red prints. When she walked outside by day, she heard harsh whispers at her ear, telling her she would know [00:05:00] no peace. Exhausted, she became withdrawn, her once bright spirit dulled by a ceaseless fear.

Rumors spread that Betsy's torment was the worst evidence of the haunting. Neighbors who dared spend the night in the Bell household often witnessed her blankets ripped from the bed, or watched her clutch her bruised arms in distress. As these accounts circulated through the community, people began referring to the presence as the Bell Witch, though no one was certain if it truly was a witch's spirit or something else altogether.

In the tightly knit town of Adams, word of the strange happenings at the Bell Farm soon reached every ear. Some neighbors offered sympathy, believing wholeheartedly that the family was besieged by an evil force. Others expressed skepticism, guessing there must be a logical trick behind it all. John Bell, ordinarily a private man, found himself hosting visitors eager to witness the so called witch in action.

[00:06:00] These visitors gathered by the parlor fireplace or stood in darkened hallways, waiting in tense silence. Occasionally, the presence did not appear, and the disappointed guests left unconvinced. More often, they heard knocks vibrating through the walls or faint moans drifting between rooms. One man, reading aloud from the Bible, found his words drowned out by a rasping voice that repeated the verses back at him in a warped, sing song tone.

Each new account that left the bell farm seemed to confirm the unearthly intelligence behind the torment. It was no longer mere noises or poltergeist pranks. This was something with a will and a voice. Something that could think and speak on its own. Months of sleepless nights wore down the Bell family.

John's demeanor changed. The weight of the haunting pressed on him. Lucy, steadfast in her devotion, prayed constantly for deliverance. The [00:07:00] older Bell children, seeing Betsy attacked so frequently, tried to shield her but were powerless against an enemy that slipped through walls. Farming tasks were delayed or neglected as the family's time and energy funneled into coping with an unseen assailant.

John Bell began experiencing health problems that no local healer could explain. Trembling hands, difficulty swallowing, and fits of dizziness. Whether these ailments arose from stress or something darker, they only reinforced his sense of dread. The voice took to mocking him personally, calling him by name and snickering at his deteriorating condition.

At times, he woke to find himself pinned in bed, unable to move or call out. Despite it all, Lucy held the family together. Soft spoken and gentle, she soothed Betsy's tears and administered whatever remedies she could to John. Yet the unrelenting barrage of knocks, whispers, and violence within her own home tested her faith [00:08:00] daily.

Amid the chaos, Betsy clung to one source of joy, her engagement to Joshua Gardner, a kind young man from the area. They hoped to marry and begin their own life, perhaps on a parcel of the Bell Land or a new farmstead nearby. But whenever Joshua visited the Bell Home, The unseen spirit raged. Stones rattled against the walls, and the door slammed as if in warning.

During quiet walks by the river, Betsy heard the voice hiss in her ear, threatening dire outcomes if she ever were to wed Joshua. Night after night, Betsy lay awake, her tears soaked onto her pillow as she wrestled with the choice between her beloved fiancé and this formidable, invisible foe. She confided in Lucy, who offered comfort but had no solution.

For a while, Betsy and Joshua resolved to stand firm, but the spirit's fury only escalated. Believing she had no alternative, Betsy broke off the engagement. Some thought the family's [00:09:00] torment would subside if the witches demands were met. In a cruel sense, it seemed to succeed. With Betsy's engagement ended, the spirit appeared slightly less focused on her.

By now, the Bell Witch was no longer a mere local curiosity. Word of the haunting spread across the region and reached the ears of Andrew Jackson, then a prominent figure who would later become president. Intrigued, or perhaps skeptical, he traveled to Adams with a party of men to witness the phenomenon firsthand.

According to popular account, the men found their wagon inexplicably stuck on the road near the Bell property, refusing to move until a disembodied voice commanded them to proceed. That night, Jackson's men sat in the Bell parlor, determined to uncover fraud if it existed. Instead, they found themselves subjected to jeering laughter and unexpected slaps.

One boasted of carrying a special bullet that could kill any spirit, only to be chased from the house in terror. [00:10:00] By morning, Jackson reputedly left, shaken. Although details vary among storytellers, the essence of his experience only fueled the legend's fire. Some in Adams took to calling the presence Kate, suspecting it might be the spirit of a neighbor named Kate Batts.

Rumors pointed to an old feud or land dispute between Kate Batts and John Bell. Whether any of that was true, or Kate Batts was simply an unfortunate scapegoat remains unclear. The entity itself, at times, answered to Kate when addressed, while at other times denying any such name. It was a puzzle of contradictions, claiming multiple identities.

A wayward spirit, a demon, or a lost soul wandering in malice. No single explanation satisfied everyone in the community. With Betsy's engagement to Joshua broken, the witch devoted increasing attention to John Bell. His health declined rapidly in 1820, marked by spells of near [00:11:00] paralysis and unremitting pain.

Lucy tended to him day and night. Their children worried and exhausted, watched as their patriarch grew weaker, his once strong presence withering under an unseen hand. In December of that year, John Bell was found unconscious in his bed. A small vial of dark liquid stood nearby. No one recognized its contents.

One of his sons put a single drop on the tongue of the family cat, which died instantly. Almost immediately, the voice shrieked in triumph, boasting that it had given John a final, fatal dose. That same day, John Bell passed away without regaining consciousness, leaving his family both grief stricken and horrified by the witch's brazen gloating.

The funeral drew a large gathering. Many came to mourn the respected farmer. Others arrived to see whether the witch would appear in some dreadful form. As pallbearers lowered John Bell's coffin, A jeering laughter rippled across the [00:12:00] mourners, prompting many to look wildly around for the source. Then, as told in countless retellings, the voice broke into a rude, mocking song, echoing among the gravestones and sending shudders through the crowd.

In the wake of John Bell's death, life on the farm settled into an uneasy quiet. Betsy noticed fewer night time assaults. And the daily havoc lessened. People whispered that the witch finally achieved its purpose by taking John Bell's life. Then, just as suddenly as it had arrived, the witch declared it would leave the family, though it promised to return in seven years.

After a brief period of stillness, the witch's threat rang true. Around 1828, a few of the Bells claimed to hear light tapping or distant murmurs echoing in empty rooms. However, these new incidents were mild and short lived compared to the previous years of torment. Soon enough, even these faded, leaving the bells [00:13:00] with haunted memories, but relative peace.

Near the bell property stood a modest cave by the Red River, a spot often tied to the legend. Over time, people theorized that cave's dark recesses, though the bells themselves rarely ventured inside. Later visitors and locals would tell of odd voices whispering in the cave or strange lights gliding across the damp stone.

Most likely, these stories were born of the haunting's lingering aura. Yet, they continued to fuel the notion that the witch could still roam beyond the farm, hidden beneath the earth. Long after the bells had ceased to hear the witch's voice, the story lived on. Word traveled to neighboring towns, then farther, into newspapers and traveler anecdotes.

The tale of the Tennessee family plagued by a fiendish, talkative spirit captured the imagination. Some insisted the Bell Witch was a cautionary omen of what happens when old feuds and injustices are left [00:14:00] unresolved. Others believed it was a rare glimpse of a diabolical power unleashed for reasons still unknown.

Here in Adams, people repeated the story around hearths and campfires. Children were warned not to wander too far near the old bell farm after dark. When neighbors passed by at night, they might hear a faint rustle in the bush or catch a flicker of light among the trees, prompting them to walk faster.

Hearts pounding, minds remembering how once a family had suffered greatly at the hands of an unseen force. Naturally, not everyone agreed on what transpired at the Bell farm. Some maintained it was all too real, a case of a vengeful spirit or malignant presence carrying out a personal vendetta. Others whispered that perhaps a member of the Bell family had orchestrated the phenomenon with cunning trickery, though that failed to explain the bruises on Betsy, the widespread witnesses, or John's mysterious death.

Still, others pointed to the possibility of an [00:15:00] unsettled spirit who had attached itself to the land for reasons lost to time. What none could deny was the tangible suffering inflicted on the Bells. John Bell's slow decline and Betsy's bruises were impossible to ignore. Multiple guests, neighbors, acquaintances, even travelers testified to hearing the same eerie voice that threatened, teased and recited scripture.

In an age when the supernatural was both feared and accepted, the Bell Witch story captured hearts and sparked endless speculation. After John Bell's death, the family held onto the farm for several years. Betsy, robbed of her engagement to Joshua, eventually found a calmer path through life, though the memory of her tormented youth never fully left her.

Lucy, steadfast and devout to the end, kept her household as best as she could, unwilling to surrender her faith even after all she had witnessed. Over time, the children married and started families of their own, [00:16:00] quietly distancing themselves from the tragedy that had defined their upbringing.

Generations passed, the farm changed hands, the Bell House was repurposed and renovated, and Adams itself transformed slowly from a frontier settlement into a more established community. Yet the name Bellwitch continued to slip into conversation whenever strange knocks were heard late at night or lonely travelers glimpsed inexplicable lights in the distance.

The story refused to fade, woven into the identity of the land itself. Even as the first hand witnesses to the haunting aged and died, their accounts survived in letters, diaries, and recollections passed down among locals. Visitors to Adams would hear about the famed Bell Witch, about the dreadful death of John Bell, the heartbreak of Betsy's broken engagement, and the brazen voice that filled nights with fear.

Some folks approached the story with reverence, others with skepticism. But no one [00:17:00] denied that it shaped the character of the town. In the hush of a moonlit evening, one might stand on that old farmland, fields once tilled by John Bell's callous hands, now peaceful beneath the Tennessee sky. And imagine the entire family huddled in the house, listening with terrified hearts for the next knock on the wall.

It's said that if you pause long enough, you might sense a faint echo of their dread, carried on a stray breath of wind. The Bell Witch remains a singular chapter in American folklore, a tale of a family besieged by something unseen, lethal, and uncannily aware. However one interprets the events, whether as vengeful ghosts, demonic presence, or some other unexplainable force, the Bell Witch.

Its resonance lies in the very human drama at its core. Here was a father undone by circumstances he could not control. A daughter tormented in her own home, in a close knit household tested by relentless fear. [00:18:00] In the end, the Bell Witch story offers a lesson in how thin the line between our daily certainties and the mysteries that defy them.

When night falls, and the wind rattles the shutters in a silent house, we remember John Bell and his family, who discovered that the safe haven of home can become a battlefield against forces beyond mortal comprehension. I'm Russ Chamberlain, and you've been listening to Midnight Signals. May this account of the Bell Witch linger with you as a reminder that in the deepest stillness of the night, Anything seems possible.

Even the unseen tapping of a force that seeks to make itself known. Sleep well, if you dare.

@ 5725c4a8:6ba4f820

!(image)[https://i.nostr.build/iuWXGIaA91wMTFJg.jpg] I've been seeing some posts from (I think new) Bitcoiners complaining about the recent volatility of Bitcoin, sometimes in dismay about the price, and sometimes in dismay that they have no "dry powder" available to buy the dip. With inflation being such a huge problem, cost of living has a very real effect on our ability to stack sats, so some creative thinking is in order. My hope is that this post can share a little bit of wisdom that I have found to work for me in my own quest to accumulate as much Bitcoin as I can. If you want to skip to the meat of this article, scroll down My Strategy. As the standard disclosure goes: this is not financial or investment advice.

A little about me and where I'm coming from

I'm part of the 2022 class of Bitcoiners. I'm very new to this community.But I have gone down the Bitcoin rabbit hole, I have read Saifdean's The Bitcoin Standard and The Fiat Standard, and I have spent many many hundreds of hours listening to podcasts on Bitcoin and Austrian economics (which I discovered at about the same time). All this to say, despite the work that I have put in thus far, take this with a grain of salt and use your own reasoning to determine if this strategy or any ideas derived from it are right for you.

Dollar Cost Averaging

Dollar Cost Averaging (DCA) is the practice of setting a recurring buy order of a stock or commodity. Such orders, once set, will continue to execute at the set frequency until the buyer's selected termination date, or until a set amount has been reached, or until no more funds are available in the buyer's account from which to buy. DCA takes advantage of the fact that for a long term growth asset (like Bitcoin), the average price will always tend to go up over time despite intermittent volatility. By not trying watch for or time the dips and highs, DCAing not only makes it easier to accumulate Bitcoin, but it is very effective in the long term and reduces a lot of potential stress from trying to game the market volatility. One more important point is that as this method utilizes averaging, the closer that the buyer can match the actual price curve over time, the greater the benefit from the average growth of that price curve. This means that for two recurring buy orders, using the same amount of fiat in the buying pool, if one has more frequent buys and the other has less frequent buys, even if they spent the same amount at the end of the buying period, the order with more frequent buys will experience the greater value from the average growth of the asset being purchased.

This is in contrast to limit orders, in which they buyer attempts to gauge what price action will occur in the future, or "smash buying" in which the buyer tries to watch and time the market to place real-time orders. As these are not the focus of this strategy, I won't go into detail about them. But if you understand DCA and why it works, I assume that you can also reason for yourself about the effectiveness and utility of these other buying methods.

Each of these methods can occasionally be successful, I'm not saying that there is not place for them. In fact, I use these too, but they are used in a tactical manner, and I try to be careful to make sure that using these do not interrupt my DCA strategy.

Savings Allocation

I may update this in the future, based on changes in my financial situation, the larger landscape, and whatproducts/tools are available. Note that I'm not rich. I work for a tech startup which is gaining traction, and if it is successful then that may change. But for now I operate with limited financial resources to use for stacking sats. But still, I stack sats. I say this to clarify why this strategy works for me, and hopefully to establish that this will work for you if you also have limited income but have the ability and desire to accumulate Bitcoin for yourself.

I have a consistent amount of money coming in on a regular basis, and this is an important part of my calculus. Similarly, I have consistent bills going out. The difference between these are my subsistence and discretionary spending. Subsistence spending being money that I spend on food and other nutrients, and discretionary spending is what I spend on the things that I want but don't need.

I'm not at a point where I've managed to completely cut out my discretionary spending, but I do try to limit it as much as I can. Similarly, I'm proactive about finding good deals on food (especially beef). Then I can allocate more money to savings. It is this savings allocation that I use for buying Bitcoin.

My DCA Strategy

!(image)[https://i.nostr.build/augZsY8EVEAsdP34.png] My strategy begins with the money from each pay check that I want to allocate to savings (which in my case all goes to buying Bitcoin). It also hinges on DCA, and is strongly inspired by the sayings "stay humble and stack sats", and that "time in the market beats timing the market". I am not a professional trader, nor do I aspire to be one. As such, I want to maximize my time in the market without stressing myself out.

Allocating funds for DCA: First, find the amount for each pay period that you will use to buy Bitcoin, but don't immediately use it to buy, yet. Next, you need to find the frequency by which you will buy, and how much. I recommend the most frequent recurring buy option that you can find.

To do this, you need to find the DCA options available on the exchanges that you use. As a Bitcoin maximalist, I use Bitcoin focused exchanges. As a man with limited available funds for this use, I want the ability to DCA in fairly small amounts, but as frequently as possible. I find that River and Strike are excellent exchanges for this. Each of these exchanges currently allow buying as frequently as once-per-hour. River has a minimum of $1 per purchase. Strike can go even lower, I have a friend who I convinced to adopt this strategy and he started out with an hourly recurring buy of $0.05 per hour.

Having been a Bitcoiner for a little while now, I also find that it is useful to have additional funds set aside for "smash buys" to take advantage of major dips, such as the one that we are currently experiencing (I'm writing this on March 1st, 2025).

Using River as an example: The minimal buy on River, as stated above, is $1 per hour. There are 24 hours in a day, and 14 days in a pay period (for me). Then the minimum amount to allocate on River is $1/hour x 24 hours/day x 14 days/period = $336 per period.

You can change the dollar amount or number of days as are appropriate for your own goals and circumstances.

If you have a lower total available amount, you can use this version of the formula to find the recurring buy amount on Strike (or whichever other platform allows sub-dollar recurring buys): Recurring Buy = (available funds) / (number of hours over which to buy)

In truth, I use Strike as well, but I have another reason for choosing River in this example: I mentioned having a DCA strategy which keeps a reserve of "dry powder" so that you can also buy the dip.

You may benefit from keeping some reserve of savings in USD. It's something we simply can't get away from at this time of continued fiat dominance. This allows you to pull from the fiat reserve rather than selling any accumulated Bitcoin in cases of emergency (like car problems, or a family member needing help).

Last year, River announced a feature by which any cash kept on their exchange would earn 3.8% interest, which is paid in Bitcoin. This strategy works with other exchanges, but using River means that interest accumulation can also be leveraged (and it is much better than a typical bank savings account).

This is the final part of the strategy: put the rest of your savings into River and let it accumulate interest in Bitcoin. This reserve then becomes your dry powder. Use it at your discretion, save for emergencies, or use it to "smash buy" the dip, but do it without compromising your DCA setup. DON'T CANCEL your DCA, keep it going and take advantage of it's average growth. You don't know when the price will dip, and you don't know when it will go back up again. If it is difficult for you to maintain discipline and not spend your DCA reserve (since River doesn't split it into buckets for you), a variation of this strategy is to DCA-stack on another exchange so that it's not in the same pool as your fiat reserve.

When all else fails, just keep calm, stay humble, and stack sats. !(image)[https://i.nostr.build/pko6uWkq3rf0y0io.png]

I hope that someone finds this helpful. If you have your own personalized strategy, I'd love to hear about it in the comments.

@ f33c8a96:5ec6f741

Setting Up Your Code Editor

Introduction

In this lesson, we'll set up the most fundamental tool in your development journey: your code editor. This is where you'll spend most of your time writing, testing, and debugging code, so it's crucial to get comfortable with it from the start.

What is an IDE?

Definition

An IDE (Integrated Development Environment) is a software application that provides comprehensive facilities for software development. Think of it as your complete workshop for writing code.

Key Components

1. Code Editor
2. Where you write and edit code
3. Provides syntax highlighting
4. Helps with code formatting

5. Makes code easier to read and write

6. Compiler/Interpreter

7. Runs your code
8. Translates your code into executable instructions

9. Helps test your applications

10. Debugging Tools

11. Help find and fix errors
12. Provide error messages and suggestions
13. Make problem-solving easier

Setting Up Visual Studio Code

Why VS Code?

• Free and open-source
• Lightweight yet powerful
• Excellent community support
• Popular among developers
• Great for beginners and experts alike

Installation Steps

1. Visit code.visualstudio.com
2. Download the version for your operating system
3. Run the installer
4. Follow the installation prompts

Essential VS Code Features

1. Interface Navigation

• File Explorer (Ctrl/Cmd + Shift + E)
• Browse and manage your files
• Create new files and folders

• Navigate your project structure

• Search (Ctrl/Cmd + Shift + F)

• Find text across all files
• Replace text globally

• Search with regular expressions

• Source Control (Ctrl/Cmd + Shift + G)

• Track changes in your code
• Commit and manage versions
• Integrate with Git

2. Terminal Integration

To open the integrated terminal: - Use Ctrl + ` (backtick) - Or View → Terminal from the menu - Basic terminal commands: bash ls # List files (dir on Windows) cd # Change directory clear # Clear terminal code . # Open VS Code in current directory

3. Essential Extensions

Install these extensions to enhance your development experience: 1. ESLint - Helps find and fix code problems - Enforces coding standards - Improves code quality

1. Prettier
2. Automatically formats your code
3. Maintains consistent style

4. Saves time on formatting

5. Live Server

6. Runs your web pages locally
7. Auto-refreshes on save
8. Great for web development

Important Keyboard Shortcuts

Ctrl/Cmd + S # Save file Ctrl/Cmd + C # Copy Ctrl/Cmd + V # Paste Ctrl/Cmd + Z # Undo Ctrl/Cmd + Shift + P # Command palette Ctrl/Cmd + P # Quick file open

Writing Your First Code

Let's create and run a simple HTML file:

1. Create a new file (index.html)
2. Add basic HTML content: ```html
   

   Hello World!

``` 3. Save the file (Ctrl/Cmd + S) 4. Open in browser or use Live Server

Best Practices

1. File Organization

• Keep related files together
• Use clear, descriptive names
• Create separate folders for different projects

2. Regular Saving

• Save frequently (Ctrl/Cmd + S)
• Watch for the unsaved dot indicator
• Enable auto-save if preferred

3. Terminal Usage

• Get comfortable with basic commands
• Use the integrated terminal
• Practice navigation and file operations

Troubleshooting Common Issues

1. Installation Problems

• Ensure you have admin rights
• Check system requirements
• Use official download sources

2. Extension Issues

• Keep extensions updated
• Disable conflicting extensions
• Restart VS Code after installation

3. Performance

• Don't install too many extensions
• Regular restart of VS Code
• Keep your system updated

Next Steps

1. Practice Navigation
2. Create and manage files
3. Use the integrated terminal

4. Try keyboard shortcuts

5. Customize Your Editor

6. Explore themes
7. Adjust font size

8. Configure auto-save

9. Prepare for Next Lesson

10. Keep VS Code open
11. Get comfortable with the interface
12. Practice basic operations

Additional Resources

• VS Code Documentation
• Keyboard Shortcuts Reference
• VS Code Tips and Tricks

Remember: Your code editor is your primary tool as a developer. Take time to get comfortable with it, and don't worry about mastering everything at once. Focus on the basics we covered in the video, and you'll naturally learn more features as you need them.

Happy coding! 🚀

@ f33c8a96:5ec6f741

CSS Fundamentals: Styling Your First Webpage

Introduction

In our previous lesson, we created the structure of our webpage with HTML. Now, we'll learn how to style it using CSS (Cascading Style Sheets). While HTML provides the bones of our webpage, CSS adds the visual presentation - the colors, layouts, spacing, and overall aesthetics.

What is CSS?

Definition

CSS (Cascading Style Sheets) is a stylesheet language that controls the visual presentation of HTML documents. Think of it like the paint, decorations, and interior design of a house - it determines how everything looks and is arranged.

Key Concepts

1. Styling Capabilities
2. Fonts and typography
3. Colors and backgrounds
4. Margins and padding
5. Element sizes
6. Visual effects

7. Layout and positioning

8. Cascading Nature

9. Styles can be inherited from parent elements
10. Multiple styles can apply to the same element
11. Specificity determines which styles take precedence
12. Styles "cascade" down through your document

Basic CSS Syntax

css selector { property: value; }

Example:

css h1 { color: blue; font-size: 24px; margin-bottom: 20px; }

Connecting CSS to HTML

Method 1: External Stylesheet (Recommended)

html <link rel="stylesheet" href="style.css">

Method 2: Internal CSS

```html

```

Method 3: Inline CSS (Use Sparingly)

```html

Title

```

The Box Model

Every HTML element is treated as a box in CSS, with:

┌──────────────────────┐ │ Margin │ │ ┌──────────────┐ │ │ │ Border │ │ │ │ ┌──────────┐ │ │ │ │ │ Padding │ │ │ │ │ │ ┌──────┐ │ │ │ │ │ │ │ │ │ │ │ │ │ │ │Content│ │ │ │ │ │ │ │ │ │ │ │ │ │ │ └──────┘ │ │ │ │ │ └──────────┘ │ │ │ └──────────────┘ │ └──────────────────────┘

• Content: The actual content of the element
• Padding: Space between content and border
• Border: The border around the padding
• Margin: Space outside the border

CSS Units

Absolute Units

• px - pixels
• pt - points
• cm - centimeters
• mm - millimeters
• in - inches

Relative Units

• % - percentage relative to parent
• em - relative to font-size
• rem - relative to root font-size
• vh - viewport height
• vw - viewport width

Practical Example: Styling Our Webpage

1. Basic Page Setup

css body { min-height: 100vh; margin: 0; font-family: Arial, sans-serif; background-color: #f0f0f0; display: flex; flex-direction: column; }

2. Header Styling

css header { background-color: #333; color: white; padding: 20px; text-align: center; }

3. Main Content Area

css main { max-width: 800px; margin: 0 auto; padding: 20px; flex: 1; }

4. Footer Styling

css footer { background-color: #333; color: white; padding: 10px; text-align: center; }

Layout with Flexbox

Basic Concept

Flexbox is a modern layout system that makes it easier to create flexible, responsive layouts.

Key Properties

css .container { display: flex; flex-direction: row | column; justify-content: center | space-between | space-around; align-items: center | flex-start | flex-end; }

Common Use Cases

1. Centering content
2. Creating navigation bars
3. Building responsive layouts
4. Equal-height columns
5. Dynamic spacing

Best Practices

1. Organization

• Use consistent naming conventions
• Group related styles together
• Comment your code for clarity
• Keep selectors simple and specific

2. Performance

• Avoid unnecessary specificity
• Use shorthand properties when possible
• Minimize redundant code
• Consider load time impact

3. Maintainability

• Use external stylesheets
• Follow a consistent formatting style
• Break large stylesheets into logical files
• Document important design decisions

Debugging CSS

Common Tools

1. Browser Developer Tools
2. Element inspector
3. Style inspector
4. Box model viewer

Common Issues

1. Specificity conflicts
2. Inheritance problems
3. Box model confusion
4. Flexbox alignment issues

Exercises

1. Style Modifications

Try modifying these properties in your stylesheet: ```css / Change colors / header { background-color: #4a90e2; }

/ Adjust spacing / main { padding: 40px; }

/ Modify typography / h1 { font-size: 32px; font-weight: bold; } ```

2. Layout Challenge

Create a card layout using Flexbox: ```css .card-container { display: flex; justify-content: space-between; gap: 20px; }

.card { flex: 1; padding: 20px; background: white; border-radius: 8px; box-shadow: 0 2px 4px rgba(0,0,0,0.1); } ```

Additional Resources

Learning Tools

1. Flexbox Froggy - Interactive Flexbox learning game
2. CSS-Tricks - Excellent CSS reference and tutorials
3. MDN CSS Documentation

Practice Projects

1. Style your personal webpage
2. Create a responsive navigation menu
3. Build a flexible card layout
4. Design a custom button style

Remember: CSS is both an art and a science. Don't be afraid to experiment and break things - that's how you'll learn the most. The key is to start simple and gradually add complexity as you become more comfortable with the basics.

Next up, we'll dive into JavaScript to add interactivity to our webpage! 🚀

@ f33c8a96:5ec6f741

JavaScript: Building Your First Interactive Web App

Introduction

In this lesson, we'll bring our web pages to life by adding dynamic functionality with JavaScript. We'll build a real-world application that displays and updates Bitcoin prices in real-time, teaching core JavaScript concepts along the way.

Project Overview: Bitcoin Price Tracker

We'll build a web application that: - Displays current Bitcoin price - Updates automatically every 3 seconds - Allows currency switching - Includes interactive controls - Shows current date/time

Core JavaScript Concepts

1. Variables and Data Types

```javascript // Variables can be declared with let or const let currentCurrency = "USD"; // Can be changed const interval = 3000; // Cannot be changed

// Basic data types const price = 45000; // Number const isVisible = true; // Boolean const currency = "USD"; // String ```

2. DOM Manipulation

```javascript // Getting elements const priceElement = document.getElementById('price'); const button = document.getElementById('refresh-button');

// Modifying content priceElement.textContent = ${price} ${currency};

// Changing styles priceElement.style.display = 'none'; ```

3. Event Listeners

```javascript // Basic click handler button.addEventListener('click', () => { fetchBitcoinPrice(); });

// Change event for select elements selector.addEventListener('change', (event) => { handleCurrencyChange(event.value); }); ```

4. Async Operations & Fetch API

javascript async function fetchBitcoinPrice() { try { const response = await fetch(apiUrl); const data = await response.json(); updatePrice(data.price); } catch (error) { console.error('Error:', error); } }

Project Structure

HTML Setup

```html

Current Bitcoin Price

The price is:

```

Core Functionality Implementation

1. Setting Up the Timer ```javascript // Update price every 3 seconds setInterval(fetchBitcoinPrice, 3000);

// Update date/time every second setInterval(updateDateTime, 1000); ```

1. Currency Selection javascript function handleCurrencyChange(newCurrency) { currentCurrency = newCurrency; fetchBitcoinPrice(); }

2. Toggle Visibility javascript function togglePriceVisibility() { const price = document.getElementById('price'); price.style.display = price.style.display === 'none' ? 'inline' : 'none'; }

Best Practices

1. Error Handling

• Always use try/catch with async operations
• Provide meaningful error messages
• Handle edge cases gracefully

2. Code Organization

• Keep functions focused and small
• Use meaningful variable names
• Group related functionality
• Add comments for clarity

3. Performance

• Avoid unnecessary DOM updates
• Use appropriate update intervals
• Clean up intervals when not needed

Common Challenges & Solutions

1. API Issues

javascript // Handle API failures gracefully catch (error) { priceElement.textContent = 'Price unavailable'; console.error('API Error:', error); }

2. Currency Formatting

javascript function formatPrice(price, currency) { return new Intl.NumberFormat('en-US', { style: 'currency', currency: currency }).format(price); }

3. Time Zones

javascript function getLocalTime() { return new Date().toLocaleString(); }

Extending the Project

Consider adding these features for practice: 1. Price change indicators (up/down arrows) 2. Historical price chart 3. Multiple cryptocurrency support 4. Price alerts 5. Local storage for settings

Debugging Tips

Using Console

javascript console.log('Price fetched:', price); console.error('Error occurred:', error); console.table(priceHistory);

Chrome DevTools

1. Network tab for API calls
2. Console for errors
3. Elements for DOM inspection
4. Sources for debugging

Additional Resources

• MDN JavaScript Guide
• JavaScript.info
• CoinGecko API Documentation
• Chrome DevTools Documentation

Next Steps

1. Add styling with CSS
2. Implement additional features
3. Learn about React for more complex applications
4. Explore other APIs and cryptocurrencies

Remember: The best way to learn is by doing. Don't be afraid to break things and experiment with the code. The developer console is your friend for debugging and understanding what's happening in your application.

Happy coding! 🚀

@ f33c8a96:5ec6f741

Setting Up Git and GitHub: A Developer's Foundation

Lesson Overview

In this lesson, we'll establish one of the most important foundations of your development journey: version control with Git and GitHub. This knowledge will enable you to track your code, back it up in the cloud, and start building your developer portfolio.

Prerequisites

• Visual Studio Code installed
• Terminal/Command Line basics
• GitHub account (we'll create one in this lesson)

Key Learning Objectives

• Understand what Git and GitHub are and why they're essential
• Set up Git locally and connect it to GitHub
• Learn basic Git commands and workflow
• Create your first repository and commit
• Establish good Git habits for your developer journey

What is Git and GitHub?

Git: Your Local Version Control

• A version control system that tracks code changes over time
• Prevents accidental overwrites of your work
• Enables multiple developers to work on the same project safely
• Runs locally on your machine

GitHub: Your Code in the Cloud

• A web-based platform that extends Git
• Cloud storage for your code repositories
• Enables code sharing and collaboration
• Includes features like:
• Issue tracking
• Pull requests
• Project management tools
• Code review capabilities

Why Use GitHub?

1. Portfolio Building

• Acts as your "proof of work" as a developer
• Shows your coding activity through contribution graphs
• Demonstrates your consistency and dedication
• Serves as a public showcase of your projects

2. Collaboration and Learning

• Access millions of open-source projects
• Learn from other developers' code
• Contribute to real-world projects
• Get feedback on your code
• Work effectively in teams

3. Code Safety and Access

• All your code is safely stored in the cloud
• Access your projects from anywhere
• Never lose your work due to computer issues

Essential GitHub Terminology

| Term | Definition | |------|------------| | Repository (Repo) | A folder containing your project files and version history | | Commit | A saved change or addition to your code | | Staging | Marking changes to be included in your next commit | | Push | Sending your local commits to GitHub | | Branch | A separate version of your code for new features or experiments | | Pull Request (PR) | A request to merge changes from one branch to another | | Clone | Creating a local copy of a remote repository | | Fork | Creating your own copy of someone else's repository |

Hands-on Practice

Setting Up Git

1. Install Git from https://git-scm.com/downloads
2. Configure your identity: bash git config --global user.name "Your Name" git config --global user.email "your.email@example.com"

Your First Repository

1. Create a new repository on GitHub named "hello-world"
2. Initialize Git locally: bash git init git add . git commit -m "My first commit" git remote add origin <your-repository-url> git push -u origin main

Basic Git Workflow Quick Reference

Pushing Code to GitHub

```bash

1. Stage your changes

git add .

2. Commit your changes with a message

git commit -m "Describe your changes here"

3. Push to GitHub

git push ```

Getting Code from GitHub

```bash

If you already have the repository locally:

git pull

If you need to download a repository:

git clone https://github.com/username/repository.git ```

Building Good Habits

Daily Git Practice

• Make it a goal to push code every day
• Even small changes count
• Use your GitHub contribution graph as motivation
• Track your progress over time

Best Practices

1. Commit often with clear messages
2. Pull before you start working
3. Push your changes when you finish
4. Keep each project in its own repository
5. Include README files to explain your projects

Common Issues and Solutions

"No upstream branch" Error

If you see this error when pushing: bash git push --set-upstream origin main

Changes Not Showing Up

1. Check if changes are staged: bash git status
2. Make sure you've committed: bash git commit -m "Your message"
3. Verify you've pushed: bash git push

Exercise: Start Your Journey

1. Create your GitHub account if you haven't already
2. Set up Git locally using the commands we covered
3. Create your first repository named "hello-world"
4. Make your first commit
5. Push your code to GitHub
6. Make a habit of pushing code daily

Additional Resources

• GitHub Documentation
• Git Documentation
• Practice with GitHub Learning Lab

Next Steps

• Start tracking all your code projects with Git
• Begin building your portfolio on GitHub
• Join the open-source community
• Collaborate with other developers

Remember: Every developer started where you are now. The key is consistency and persistence. Make pushing code to GitHub a daily habit, and you'll be amazed at your progress over time.

Happy coding! 🚀

@ f33c8a96:5ec6f741

What is HTML?

HTML (HyperText Markup Language) is the foundation of all webpages. Think of it as the framing of a house - it provides the basic structure that everything else builds upon.

Key Concepts

• HTML is a markup language, not a programming language
• It tells browsers how to structure web content
• Every HTML element is like a building block
• Browsers interpret HTML to display content

The Building Analogy

When building a webpage, think of it like constructing a house: - HTML: The framing and structure (walls, rooms, layout) - CSS: The design elements (paint, decorations, styling) - JavaScript: The functionality (plumbing, electrical, moving parts)

Basic HTML Structure

1. HTML Boilerplate

Every webpage starts with a basic template:

```html

```

2. Understanding the Parts

• <!DOCTYPE html>: Tells browsers this is an HTML5 document
• <html>: The root element of the page
• <head>: Contains metadata about the document
• <body>: Contains the visible content

Essential HTML Elements

1. Headings

HTML has six levels of headings: ```html

Main Title

Subtitle

Section Header

Smallest Heading

```

2. Paragraphs

```html

This is a paragraph of text. It can contain as much text as you need.

```

3. Images

html <img src="path-to-image.jpg" alt="Description of image" width="300">

4. Links

html <a href="https://example.com">Click here</a>

HTML Attributes

Attributes provide additional information or modify HTML elements:

html <tag attribute="value">Content</tag>

Common attributes: - src: Source path for images - href: Destination for links - alt: Alternative text for images - class: CSS class names - id: Unique identifier - style: Inline CSS styles

Semantic HTML

What is Semantic HTML?

Semantic HTML uses meaningful tags that describe their content's purpose. This improves: - Accessibility - SEO (Search Engine Optimization) - Code readability - Maintainability

Common Semantic Elements

```html

```

Non-Semantic vs Semantic Example

Instead of: ```html

```

Use: ```html

```

Building Your First Webpage

1. Basic Structure

```html

Welcome to My First Webpage!

About Me

Hi, I'm learning web development with PlebDevs!

My Interests

I'm interested in Bitcoin, programming, and building cool stuff!

```

Best Practices

1. Structure

• Use proper indentation
• Keep code organized and readable
• Use semantic elements when possible
• Include all required elements (DOCTYPE, html, head, body)

2. Content

• Use appropriate heading levels (start with h1)
• Write descriptive alt text for images
• Keep content meaningful and organized
• Use comments to explain complex sections

3. Accessibility

• Use semantic HTML elements
• Provide alternative text for images
• Maintain a logical heading structure
• Ensure content makes sense when read linearly

Common Issues and Solutions

Problem: Images Not Loading

```html

```

Problem: Links Not Working

```html

Click here

Click here ```

Next Steps

1. Practice Building
2. Create a personal webpage about yourself
3. Include different types of content (text, images, links)

4. Use semantic HTML elements

5. Experiment with Structure

6. Try different layouts
7. Use various HTML elements

8. Pay attention to semantic meaning

9. Prepare for CSS

10. Think about how you want your page to look
11. Consider what styles you'll want to add
12. Plan your layout structure

Exercise: Create Your Profile Page

Try creating a simple profile page using what you've learned:

1. Use the HTML boilerplate
2. Add a header with your name
3. Include an "About Me" section
4. Add a photo (if you want)
5. List your interests or goals
6. Add a footer with contact information

Remember to: - Use semantic HTML - Include appropriate headings - Add descriptive alt text for images - Keep your code clean and well-organized

Additional Resources

• MDN HTML Guide
• HTML5 Doctor (Semantic Elements)
• W3Schools HTML Tutorial

Remember: HTML is the foundation of web development. Take time to understand these basics well, as they'll serve as the building blocks for everything else you'll learn. Happy coding! 🚀

@ f33c8a96:5ec6f741

Welcome to PlebDevs Starter Course

Course Mission

Welcome to the PlebDevs starter course! I'm Austin, the founder of PlebDevs, and I'll be walking you through this short intro starter course that will get you up and running and interacting with the rest of the content on the platform. If you're here, I'm assuming you're new to coding or just starting out. If you already have experience and have your bearings down, there's lots more intermediate and advanced content on the platform. This course is designed for absolute beginners.

Course Goals

Overall PlebDevs Goals

1. Learn how to code
2. Build Bitcoin/Lightning/Nostr apps
3. Become a developer

This is a big journey with a lot of pieces and things to learn. The starter course is going to get you on that path as quickly as possible and make it a smooth journey.

Starter Course Objectives

1. Give you an easy, high-level overview of the dev journey
2. Get you set up and comfortable in a development environment where you'll write and ship code
3. Give you basic experience in the languages covered in our courses and workshops

There's lots of material out there that will just tell you exactly what to do and not explain why but I want you to actually understand for yourself. I want you to have a good mental model of what this journey is going to be like, what it's going to be like actually writing and pushing code. And then we're going to start getting our hands dirty and gain real experience.

What is a PlebDev?

Origins and Philosophy

I started using the term "PlebDev" a few years ago to describe a unique approach to learning development in the Bitcoin space. It represents:

• Inclusive Learning: Anyone can become a developer, regardless of background
• Growth Mindset: Embracing the journey from beginner to professional
• Practical Focus: Emphasizing real-world application development
• Community Support: Learning and growing together

Key Characteristics

• 🌱 Growth-Focused: PlebDevs are always learning and improving
• 🎯 App-Centric: Focus on building applications rather than protocol development
• 🆕 Embrace Being New: Being a new developer is infinitely better than being on the sidelines
• 🤝 Community-Driven: Bitcoin/Lightning/Nostr ecosystem needs more plebdevs like you!

Our Learning Approach

Core Principles

1. Lower Barriers
2. Simplify complex concepts
3. Focus on practical understanding

4. Build confidence through action

5. Project-Based Learning

6. Learn by doing
7. Create real applications

8. Build a portfolio as you learn

9. MVP (Minimum Viable Product) Focus

10. Start with core functionality
11. Get things working first

12. Iterate and improve

13. Actionable Knowledge

14. Focus on the 20% that delivers 80% of results
15. Learn what you can use right away
16. Build practical skills

Teaching Methods

• Detailed concept breakdowns
• Line-by-line code explanations
• Interactive learning
• 1:1 support available
• Community-driven progress

Course Structure

The Learning Path

Instead of the traditional bottom-up approach, we use a project-focused method: 🏔️ Advanced Skills 🏔️ Projects & Practice 🏔️ Core Concepts 🏔️ Development Environment 🏔️ Getting Started

We'll create checkpoints through projects, allowing you to: - Verify your understanding - Build your portfolio - See real progress - Have reference points for review

Student Expectations

What We Expect From You

• High Agency: Take ownership of your learning journey
• Active Participation: Engage with the material and community
• Persistence: Push through challenges
• Curiosity: Ask questions and explore concepts

What You Can Expect From Us

• Clear, practical instruction
• Comprehensive support
• Real-world applications
• Community backing

Getting Started

Next Steps

1. Ensure you're ready to commit to learning
2. Set up your development environment (next lesson)
3. Join our community
4. Start building!

Resources and Support

Where to Get Help

• plebdevs.com

Tips for Success

1. Push code daily, even if it is small.
2. Focus on understanding rather than memorizing.
3. Build projects that interest you.
4. Engage with the community.
5. Don't be afraid to ask questions.

Remember

You don't need to become a "10x developer" overnight. The goal is to start writing code, build useful things, and gradually improve. Every expert was once a beginner, and the journey of a thousand miles begins with a single line of code.

Ready to begin? Let's dive into the next lesson where we'll set up your development environment! 🚀

@ 6260f29f:2ee2fcd4

PlebDevs ⚡️

A one-of-a-kind developer education, content, and community platform built on Nostr and fully Lightning integrated.
https://plebdevs.com

Overview

PlebDevs is an open-source platform that combines educational content, community interaction, and Bitcoin/Lightning integration. The platform publishes content to Nostr and actively pulls from Nostr relays, creating a distributed, interoperable trail of Documents, Videos, and Courses.

Technical Implementation

Nostr Integration

• Content Distribution: Implements NIP-23 for rich multimedia content embedding
• Content Encryption: Paid content bodies are encrypted while maintaining metadata visibility
• Authentication:
• Multi-method signup (NIP-07, Email, GitHub, Anonymous)
• Ephemeral keypair generation for non-Nostr users
• Account linking and recovery system
• Lists & Courses: NIP-51 implementation for structured content organization
• Monetization: NIP-99 for digital content sales
• Automated Subscriptions: NIP-47 (Nostr Wallet Connect) for recurring payments
• Badge System: NIP-58 for automated achievement rewards
• Identity: NIP-05 for custom platform identities
• Additional NIPs: Implements NIP-01, NIP-19, NIP-39, NIP-57

Platform Architecture

• Content Management:
• Draft system with preview capabilities
• Parameterized replaceable events
• Multi-format support (Markdown, Video, Mixed Media)
• Course builder with drag-and-drop ordering
• User Management:
• Profile synchronization with Nostr
• Activity tracking and progress monitoring
• Custom relay configuration
• Wallet connection management
• Admin Features:
• Protected admin routes based on pubkey configuration
• Content creation and management interface
• Draft/publish workflow
• Course assembly tools

@ 4f1c14e5:b8546d05

Training ideologies often lead to tribalism when they shouldn’t. As with all things, there are no solutions - only tradeoffs.

The reality is that free weights and machines are both tools. The one you should use is determined by your objective.

In either case, creating tension within the target muscle group is always the objective when it comes to building muscle. It's this mechanical tension that's responsible for initiating the growth process by destroying already formed muscle cells. Both machines and free weights accomplish this objective.

As a general rule, the more stable you are during an exercise, the more tension you can create within the target muscle.

The difference is simply that machines offer more stability. That’s neither better nor worse, it just is. Stability within exercises is a spectrum. We create stability by bracing against things. The more points of contact and the more of your body that braces against things, the more stability you will have.

Because of gravity, we are forced to have at least one point of contact braced against something at all times. Typically, it's the floor. A pistol squat offers a very low amount of stability because of the lack of bracing. In this example, only one foot is braced against the floor.

Adding a second foot to the ground and doing a body weight squat enhances stability. Holding onto a bar or a bench in front of you while squatting now adds another layer of stability.

A hack squat is a machine where both feet are planted on a platform and the user rests the posterior portion of their entire upper body - from their lower back to their head - against a pad. This machine has a fixed movement pattern which further reduces any instability.

These are all examples of different exercises that follow the same movement pattern, yet offer varying degrees of stability.

Which should beginners use? Again, both is the best approach. But what would happen if you limited yourself to mostly one or the other?

Predominantly using machines as a beginner will allow you to forego the lack of development in your ability to stabilize yourself. The machine stabilizes your body for you in a way that beginners simply aren’t able to at first. You are braced by a seat, a back pad/chest pad and maybe a handle or two as well. In addition to this bracing, the movement path is already carved out for you. You simply position yourself appropriately and push (or pull), and the machine does the rest. This allows you to focus more on creating tension in the target muscle as well as learning to train to failure safely.

Predominantly using free weights as a beginner will force you to develop stability from the start. There are no pads anywhere to brace your body against. Your body must learn to brace against itself. You become the machine. This may limit your ability to create maximum tension in the target muscles at first, but the stability you create this way will translate to systemic muscular development. You'll become thicker everywhere because your body works as a system to stabilize itself against gravity.

The stability built through free weight movements will transfer over to machines. If you can stabilize yourself with just a barbell, the stability you can create while braced in a machine will translate to even greater tension. You’ll be stabilized by your body AND the machine.

Since it makes the most sense to do both, the only thing left is understanding which circumstances are better suited for machines vs free weights. Since fatigue is something we all contend with during a workout, it makes sense to program the least stabilized, most demanding movements earlier in the workout and the most stabilized, least demanding movements later in the session. This not only allows you to create the most tension possible throughout the workout, but is also the safest approach. It would be unwise to schedule barbell front squats at the end of a workout when fatigue is high and energy is low. Not only will you fail to generate maximum tension, but you’ll put yourself at higher risk of injury.

TLDR; use both, but do free weight stuff first.

@ 6260f29f:2ee2fcd4

PlebDevs ⚡️

A one-of-a-kind developer education, content, and community platform built on Nostr and fully Lightning integrated.
https://plebdevs.com

Overview

PlebDevs is an open-source platform that combines educational content, community interaction, and Bitcoin/Lightning integration. The platform publishes content to Nostr and actively pulls from Nostr relays, creating a distributed, interoperable trail of Documents, Videos, and Courses.

Technical Implementation

Nostr Integration

• Content Distribution: Implements NIP-23 for rich multimedia content embedding
• Content Encryption: Paid content bodies are encrypted while maintaining metadata visibility
• Authentication:
• Multi-method signup (NIP-07, Email, GitHub, Anonymous)
• Ephemeral keypair generation for non-Nostr users
• Account linking and recovery system
• Lists & Courses: NIP-51 implementation for structured content organization
• Monetization: NIP-99 for digital content sales
• Automated Subscriptions: NIP-47 (Nostr Wallet Connect) for recurring payments
• Badge System: NIP-58 for automated achievement rewards
• Identity: NIP-05 for custom platform identities
• Additional NIPs: Implements NIP-01, NIP-19, NIP-39, NIP-57

Platform Architecture

• Content Management:
• Draft system with preview capabilities
• Parameterized replaceable events
• Multi-format support (Markdown, Video, Mixed Media)
• Course builder with drag-and-drop ordering
• User Management:
• Profile synchronization with Nostr
• Activity tracking and progress monitoring
• Custom relay configuration
• Wallet connection management
• Admin Features:
• Protected admin routes based on pubkey configuration
• Content creation and management interface
• Draft/publish workflow
• Course assembly tools

@ 6260f29f:2ee2fcd4

@ f33c8a96:5ec6f741

@ f33c8a96:5ec6f741

@ f33c8a96:5ec6f741

@ bbb5dda0:f09e2747

A couple weeks with a little bit of everything, TollGate marketing, app stability improvements, and some personal matters that needed my attention. Let's get into it:

TollGate App

For starters, we worked hard to get an early version of the TollGate website live. What do we want to communicate about the project, and to whom. We've identified three 'types' of visitor, each requiring its own 'customer journey' through the website. First there's the end-user, someone that just wants access to tollgate, but doesn't care about any of the technichalities. We try to guide those people to downloading our app as soon as possible. Currently that means downloading it straight from the website as an APK file. But we want to quickly move on to publishing it to the ZapStore.

The past couple weeks I put some efforts into getting the app stable. It was hard to identify what was causing the seemingly random crashes and full reloads (of the web content). After getting some outside help we've identified that we were trying to interact with the android API's on the main thread. Which is bad practice. I first couldn't figure out how to make a web request without having to spawn a seperate thread in the kotlin code, that then we'd have to create some kind of system to bubble up the callback method's result. I then found there's a proper Tauri (the framework) way of doing this using Kotlin Coroutines, which I wasn't familliar with. But it just executes the entire Tauri 'command' (function call) on a background thread. Problem solved. I haven't had any full app crashes since.

Which left me with the random page refreshes, the thing that was behind the demo-effect at Sat's and Facts. I noticed it happened around the moments I would go to settings to hit the 'sign in' button to dismiss the captive portal. That's where I had looked before, but I needed to zoom out. It had to do SOMETHING with moving the app to and from the background. Okay is it some kind of sleep issue? I don't remember where or how I found it but I saw a suggestion to run the Tauri dev build with a --no-watch flag. Which disables hot reloading of the app when I edit one of the TypeScript/HTML files. Somehow the reload would be triggered sometimes on app switching. Why? I don't know, but i'm glad I could pinpoint it.

So now the demo part seems stable, finally. Which means I can move on and properly implement the wallet logic and making the download on the website work.

TollGateOS

The second customer group will be people interested in running a TollGate. We're trying to get them to download our custom build of OpenWRT that includes all the required packages. We 'baptized' this version to be called TollGateOS as we say in proper Dutch ;). I think it will help to have these clear distinct names. I really want any moderately technical person to be able to install TollGateOS on a supported router. My vision for this is to have some kind of web installer, akin to what GrapheneOS does with their web-installer. It seems to be possible to do SSH from the browser, but I'll kill that bird when I see it (is that a saying? I think it should be...)

By the way, in earlier docs/demo's we talked about a 'herald' module, which would do the advertising of the tollgate. But as we found that the crowsnest already interacts with the hardware antennas, which is needed for 'advertising' the tollgate, we thought it better to merge both of them into the Crowsnest.

Developers

TollGate is fully open source, so anyone looking to either look at or fork the source code is welcome to do so. Developers interested at looking at the code are probably already interested to some degree. For this group we added easy links to navigate to the project's repositories

Currently our focus is publishing the Android version, but we're building the app in a cross-platform way. The only thing we have to customize are the system integrations, like scanning for wifi-networks and connecting to them.

Gearing up for Sovereign Engineering

As i'm writing this piece for you i'm at 10km (that's 30.000ft for y'all Americans) in the air on my way to Sovereign Engineering edition #4, SEC-04. I feel ready to go kick ass once again and build beautiful things with a bunch of my favourite plebs!

A bit of a focus shift

If you've been following me you might notice I haven't posted much about Epoxy recently. I found the momentum I see emerge on TollGate and GitHub Actions too good to let go to waste. So those will be my focus for a while, I'm hoping to circle back to Epoxy when these projects have a more steady pace.

@ df478568:2a951e67

In my Soapminer article, I added quotes from various plebs. I earned over 12,000 sats! That's enough for a McJunk today, but maybe a steak dinner in a few years. That's my two sats anyway.

This is not investment advice

It feels great to receive value from people who support and appreciate your work. It's also nice to stack more sats by writing. I have a budget of $25.00 that I have sent to various people using Zapplanner, but I'm trying something new: Zapsplits.

WTF Are Zapsplits?

I asked Unleashed.chat. Here's what the anthropomorphic Unleashed said.

Me: What is a Zapsplit on nostr?

Unleashed:

A Zapsplit on Nostr refers to splitting a Zap, which is a form of donation or tipping on the ~platform~ protocol, among multiple recipients. It allows users to distribute their support more broadly across various content creators instead of just one.

That's more succinct than I would put it, but nostr is a protocol, not a platform. The important part about Zapsplits for me is that it removes the cognitive cost of deciding what percentage of my giving budget should go to each creator. Do I zap podcast guests? Do podcasters with ads get less than podcasters sans ads? How much value did this particular article bring me? If I zap Guy Swann, should I also zap the authors he reads? Should I zap long-form articles more than micro-blogs? There are 21 million different considerations.

Zapsplits removes all this from me because I can use the following algorithm.

Does This Person Provide Me Value?

Yes ⬇️

I add them to my Zapsplit post for that month. A portion of my monthly zapping budget, 25 dirty-fiat bucks, transforms into magic Internet money and is distributed among everyone in the Zapsplit.

No ⬇️ If I don't get any value, I don't send value. Simple.

Testing Zapsplits

I added podcasters and devs to a nostr post and enabled a 10-way zapsplit on the post. It's based on prisms, a little nostr feature that gives me prose writing superpowers.

1. I can earn sats for writing.
2. I can support others with a single zap.
3. I can add people who give me quotes to my zap splits.

People appreciate attribution. I suspect they will appreciate it more if they also get paid. What if I added some quotes to an article and then split any zaps I get with the quoted plebs? Come to think of it, I'll try it. [Here's a quote from a dev on nostr](nostr:note1qf4277rudtflllrjr555890xsjp6u60f7xdvclkwc9t220duajeq0x665q

I added Silberangel to the Zapsplits on Habla.news.

My V4V payments can also get sent to ten different plebs with a simple click of a button. I am going to start using this for a lot of my monthly V4V budget. Every month, I'll think about the people's content I value most and add them to a single zapsplit payment. Then, I'll zap the post.

Say I create a poll and make a wager with ten different people. If I lose, I can pay everyone pit at the same time. This is probably better for a football pool, but you get the idea. The options are limited only by your imagination.

nostr:nevent1qqspnhucgxc6mprhw36fe2242hzv7zumavyy7dhzjswtldhxk4dh7ugpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygxlg7zks3uauf454q7phhzdh2mpkhxg9cdrzt3t9z7gzksj49g7vupsgqqqqqqsl5uwfl

Other people can also zap the post. As Siberangel says, we can use other people's money to provide value, too. This is a great option for stacking neophytes, people who don't have much bitcoin or cheap skates. Let's be honest, bitcoin has made most of us cheapskates.

Bitcoin books with multiple authors can have QR codes that link to one of these Zapsplit posts. The authors can do a book signing and sell their books using this on nostr. Nerds like me can get three autographs and zap the book. The sats are split among all authors. Here's a Zapsplit that includes all the authors of Parallel.

Can you think of any other ways to use Zapsplits? Let me know.

npub1marc26z8nh3xkj5rcx7ufkatvx6ueqhp5vfw9v5teq26z254renshtf3g0

885,610

Merch

@ 43baaf0c:d193e34c

eARThist vlog name represents the fusion of Earth and Art and me as traveling artist.

I'm kicking off my vlogging journey with my first vlog, Bangkok Lightning Tour. My goal with vlogging is to share more about my art journey as I travel the world. After years of traveling and filming around the world, I’m now fully focused on my art. However, filming and photography remaining a passion of mine. I also create still some travel content for my company, @traveltelly, whenever I’m not drawing.

After spending time creating art around the world, this feels like the natural next step sharing more behind the scenes moments of both traveling and my artist life.

I started in Bangkok, a city I often visit and where I’ve spent the last five months creating the BangPOP art. Teaming up with Sats ‘n’ Facts, I explored Bangkok to see how Bitcoin Lightning adoption is growing here. Bitcoin has given me the freedom to create art, so I wanted to see if it’s also helping others in Bangkok. On a scorching 35°C day, we filmed three places where you can pay with Bitcoin Lightning. You can find these locations on btcmap.org.

I’m leaving Bangkok soon, but more vlogs from Thailand will follow when I return. I always find my way back to the Land of Smiles.

@ a012dc82:6458a70d

Bitcoin, since its creation by the enigmatic figure Satoshi Nakamoto, has revolutionized the concept of currency. Its journey from an obscure digital token to a major financial asset has been marked by dramatic bull runs, capturing the attention of investors worldwide. These surges in Bitcoin's value are not random but are driven by a combination of technological innovation, economic factors, and unique monetary policy. In this article, we explore the intricacies of Bitcoin's scarcity, the halving process, and the broader market dynamics that contribute to its periodic bull runs.

The allure of Bitcoin lies not just in its technological novelty but also in its challenge to traditional financial systems. It represents a decentralized form of currency, free from government control and manipulation. This aspect has been particularly appealing in times of economic uncertainty, where traditional currencies and markets have shown vulnerability. Bitcoin's bull runs can be seen as a barometer of the changing landscape of finance, reflecting a growing shift towards digital assets.

Table of Contents

• The Concept of Scarcity in Bitcoin

  • Finite Supply

  • Impact on Value

• The Halving Events

  • Mechanism and Purpose

  • Historical Impact on Price

• Market Dynamics and Investor Sentiment

  • Institutional Investment

  • Global Economic Factors

  • Technological Advancements

  • Regulatory Environment

• Conclusion

• FAQs

The Concept of Scarcity in Bitcoin

Finite Supply

Bitcoin's protocol ensures that only 21 million coins will ever be in existence. This limit is encoded in its blockchain, making it a deflationary asset as opposed to inflationary fiat currencies. The idea behind this is to create a form of money that can resist inflationary pressures over time, much like gold, which has maintained its value for centuries due to its scarcity.

Impact on Value

The scarcity of Bitcoin has a profound psychological impact on investors. It creates a sense of urgency and a fear of missing out (FOMO) as the available supply dwindles. This is particularly evident as each Bitcoin halving event approaches, reminding the market of the ever-decreasing new supply. The result is often a speculative rally, as seen in the past bull runs. Moreover, as Bitcoin becomes more scarce, its comparison to gold becomes increasingly apt, attracting investors who are looking for assets that can retain value over time.

Scarcity also plays into the hands of long-term investors, often referred to as 'HODLers' in the crypto community. These investors view Bitcoin as a long-term store of value, akin to an investment in precious metals. The limited supply of Bitcoin reassures these investors that their holdings will not be devalued through oversupply, a common problem in fiat currencies.

The Halving Events

Mechanism and Purpose

Bitcoin's halving is a genius mechanism that ensures a controlled and gradual distribution of coins. By reducing the mining reward by half every four years, Bitcoin mimics the process of extracting a natural resource like gold, becoming progressively harder and more resource-intensive to mine. This not only controls inflation but also adds to the scarcity, making each coin more valuable over time.

Historical Impact on Price

Each halving event has historically led to an increase in Bitcoin's price, though not immediately. There is typically a lag between the halving and the subsequent bull run. This delay can be attributed to market adjustment and the gradual realization of reduced supply. The anticipation of this price increase often starts a positive feedback loop, attracting more investors and further driving up the price.

The halving events serve as key milestones in Bitcoin's timeline, providing a predictable pattern of supply reduction that savvy investors monitor closely. These events have become celebratory moments within the Bitcoin community, symbolizing the strength and resilience of the network. They also serve as a reminder of Bitcoin's unique value proposition in the world of cryptocurrencies.

Market Dynamics and Investor Sentiment

Institutional Investment

The recent years have seen a paradigm shift with the entry of institutional investors into the Bitcoin market. This shift is significant as it marks a departure from Bitcoin's early days of being a niche asset for tech enthusiasts. Institutional investors bring with them not only large capital inflows but also a sense of legitimacy and stability to the market. Their involvement has been a key driver in the maturation of the cryptocurrency market, making it more appealing to a broader audience.

Global Economic Factors

The role of global economic factors in influencing Bitcoin's price cannot be overstated. In times of economic instability, such as during the COVID-19 pandemic, investors increasingly turned to Bitcoin as a safe haven asset. This trend is indicative of a growing recognition of Bitcoin's value as a hedge against inflation and economic uncertainty. The decentralized nature of Bitcoin makes it less susceptible to geopolitical tensions and policy changes that affect traditional currencies and markets.

Technological Advancements

The continuous evolution of blockchain technology and the infrastructure surrounding Bitcoin has played a crucial role in its adoption. Developments such as improved transaction speed, enhanced security measures, and user-friendly trading platforms have made Bitcoin more accessible and attractive to a wider audience. These technological advancements are crucial in building investor confidence and facilitating the integration of Bitcoin into mainstream finance.

Regulatory Environment

The regulatory environment for Bitcoin and cryptocurrencies has been a double-edged sword. On one hand, clear and supportive regulations in certain jurisdictions have provided a boost to the market, encouraging institutional participation and providing clarity for investors. On the other hand, regulatory crackdowns in some countries have led to market volatility and uncertainty. The ongoing development of a regulatory framework for cryptocurrencies remains a key factor in shaping Bitcoin's future.

Conclusion

Bitcoin's journey is a testament to the evolving nature of finance and investment in the digital age. Its bull runs, driven by scarcity, halving events, and a complex interplay of market dynamics, highlight the growing acceptance of cryptocurrencies as a legitimate asset class. As the world increasingly embraces digital currencies, Bitcoin's role as a pioneer and standard-bearer will likely continue to influence its value and relevance in the global financial landscape.

Understanding Bitcoin's market dynamics is not just about analyzing charts and trends. It's about appreciating the broader context of economic, technological, and social changes that are reshaping the way we think about money and value. For investors and enthusiasts alike, staying informed and adaptable is key to navigating the exciting and often unpredictable world of Bitcoin and cryptocurrencies.

FAQs

What causes a Bitcoin bull run? Bitcoin bull runs are typically driven by a combination of factors including its built-in scarcity due to the finite supply, halving events reducing the mining rewards, institutional investment, global economic factors, advancements in blockchain technology, and the evolving regulatory landscape.

How does Bitcoin's scarcity affect its value? Bitcoin's value is significantly influenced by its scarcity. With a capped supply of 21 million coins, as demand increases, the limited supply pushes the price upwards, similar to precious metals like gold.

What is a Bitcoin halving event? A Bitcoin halving event is when the reward for mining new Bitcoin blocks is halved, effectively reducing the rate at which new Bitcoins are created. This occurs approximately every four years and is a key factor in Bitcoin's deflationary model.

Why do institutional investors matter in Bitcoin's market? Institutional investors bring significant capital, credibility, and stability to the Bitcoin market. Their participation signals a maturation of the market and can lead to increased confidence and investment from other sectors.

That's all for today

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ b83a28b7:35919450

Preamble

I used OpenAI's o3-mini reasoning engine to construct a thesis for the Russia-Ukraine conflict using the positions of Jeffery Sachs and John Mearsheimer. I then asked it to create a counterargument to those positions- the antithesis. And I finally asked for a synthesis that concludes in lasting peace in the region. In all three cases, I prompted it to only use axiomatic deductive reasoning and first principles thinking, emphasizing facts and ignoring the opinions and assertions of so-called experts.

The Thesis

John Mearsheimer's Position: A Realist Perspective

First Principles

1. States prioritize survival: In an anarchic international system (no overarching authority), states act to maximize security and minimize threats.
2. Great powers seek regional hegemony: States aim to dominate their immediate regions to prevent rival powers from threatening them.
3. Proximity amplifies threat perception: The closer a rival power or alliance is to a state's borders, the greater the perceived threat.

Logical Reasoning

1. NATO's eastward expansion brings a U.S.-led military alliance closer to Russia’s borders.
2. From the principle of proximity, this increases Russia’s perceived insecurity.
3. Ukraine’s potential NATO membership represents a direct challenge to Russia’s sphere of influence.
4. A great power like Russia would logically act to prevent this encroachment, as it undermines its regional dominance.
5. Russia’s actions (e.g., annexation of Crimea in 2014 and invasion in 2022) are defensive responses to NATO's perceived encroachment.
6. From the principle of survival, Russia seeks to neutralize threats by ensuring Ukraine does not join NATO.
7. The U.S. and NATO ignored Russia’s stated red lines (e.g., no NATO membership for Ukraine).
8. This provoked predictable countermeasures from Russia, consistent with great-power behavior.

Conclusion

From a realist perspective, NATO expansion is the root cause of the conflict. Russia’s actions are not imperialistic but defensive responses to protect its security and sphere of influence.

Jeffrey Sachs' Position: A Historical and Diplomatic Perspective

First Principles

1. Agreements create expectations: Commitments between states establish norms that guide future behavior.
2. Security is interdependent: One state’s pursuit of security can increase another state’s insecurity (the "security dilemma").
3. Conflicts are preventable through diplomacy: Negotiations and compromises can avert wars by addressing mutual concerns.

Logical Reasoning

1. In 1990, U.S. officials assured Soviet leaders that NATO would not expand eastward if Germany was reunified.
2. If such assurances were made (even informally), subsequent NATO expansion violated these expectations, fostering mistrust.
3. The U.S.'s unilateral withdrawal from treaties like the Anti-Ballistic Missile Treaty (2002) and its push for NATO enlargement exacerbated Russia's insecurity.
4. By the principle of interdependent security, these actions predictably escalated tensions with Russia.
5. Putin proposed negotiations in 2021 to prevent NATO expansion into Ukraine, but these were rejected by the U.S.
6. Diplomacy could have addressed Russian concerns without war, but its rejection left military action as Russia’s only perceived option.
7. Ukraine’s neutrality could have prevented conflict by satisfying both Russian and Western security concerns.
8. Neutrality would reduce NATO's proximity to Russia while preserving Ukraine's sovereignty.

Conclusion

From Sachs’ perspective, the war is a consequence of U.S.-led NATO expansion and missed diplomatic opportunities. A negotiated settlement based on Ukrainian neutrality remains the logical path to peace.

Deductive Insights

1. Both positions agree that NATO expansion is central to understanding the conflict but differ in emphasis:
2. Mearsheimer focuses on structural inevitabilities in great-power politics.
3. Sachs highlights historical commitments and missed opportunities for diplomacy.
4. Both rely on axioms about state behavior:
5. Mearsheimer emphasizes security maximization through power balancing.
6. Sachs underscores trust-building through adherence to agreements.

In conclusion, reasoning from first principles supports both scholars’ views as internally consistent frameworks for explaining the Ukraine conflict, though they emphasize different aspects of state behavior and international relations logic.

To construct counterarguments to the positions of John Mearsheimer and Jeffrey Sachs using axiomatic deductive reasoning, we will start with alternative first principles and challenge their logical conclusions. This approach ensures that the counterarguments are rooted in logic and facts, without relying on external opinions or assertions.

Counterarguments to John Mearsheimer's Position

First Principles for the Counterargument

1. Sovereign states have the right to self-determination: All states, regardless of size, have the right to choose their alliances and political alignments.
2. Security is not zero-sum: One state’s pursuit of security does not always come at the expense of another’s; collective security arrangements can enhance stability.
3. Aggression undermines security: A state that invades its neighbors creates insecurity for itself by provoking opposition and strengthening rival alliances.

Logical Reasoning

1. NATO expansion was voluntary and driven by the sovereign decisions of Eastern European states seeking protection from historical Russian aggression.
2. From the principle of self-determination, NATO enlargement reflects the legitimate choices of countries like Poland, Estonia, and Ukraine to align with a defensive alliance, not an act of Western aggression against Russia.
3. Russia’s perception of NATO as a threat is not inherently justified.
4. NATO is a defensive alliance with no history of invading non-member states. From the principle that security is not zero-sum, NATO’s presence near Russia does not necessarily reduce Russian security unless Russia itself acts aggressively.
5. Russia’s invasion of Ukraine contradicts Mearsheimer’s claim that its actions are purely defensive.
6. By attacking Ukraine, Russia has provoked a stronger NATO presence in Eastern Europe (e.g., Finland and Sweden joining NATO) and increased its own insecurity. This undermines the principle that great powers act rationally to maximize their security.
7. The analogy to the Cuban Missile Crisis is flawed.
8. In 1962, the U.S. objected to Soviet missiles in Cuba because they posed an immediate offensive threat. NATO membership for Ukraine does not involve stationing offensive weapons aimed at Russia but rather a defensive commitment.

Conclusion

Mearsheimer’s argument fails to account for the agency of smaller states and overstates the inevitability of conflict due to NATO expansion. Russia’s actions are better explained as aggressive attempts to reassert imperial influence rather than rational defensive measures.

The Antithesis

Counterarguments to Jeffrey Sachs' Position

First Principles for the Counterargument

1. Informal agreements lack binding force: Verbal or informal assurances between states do not constitute enforceable commitments in international relations.
2. Security dilemmas require mutual restraint: Both sides in a conflict must take steps to reduce tensions; unilateral blame is insufficient.
3. Sovereign equality underpins diplomacy: No state has the right to dictate another state’s foreign policy or alliances.

Logical Reasoning

1. The alleged 1990 U.S. assurance against NATO expansion was never formalized in any treaty or agreement.
2. From the principle that informal agreements lack binding force, subsequent NATO enlargement cannot be considered a violation of commitments since no legal obligation existed.
3. Russia’s actions have escalated tensions far more than NATO expansion ever did.
4. By annexing Crimea (2014) and invading Ukraine (2022), Russia has actively destabilized its neighbors and created insecurity across Europe. From the principle of mutual restraint, Russia bears responsibility for escalating the conflict rather than solely responding to U.S./NATO actions.
5. Diplomatic solutions require both parties to negotiate in good faith.
6. Putin’s 2021 proposals demanded guarantees that Ukraine would never join NATO—a condition that violates Ukraine’s sovereignty and right to self-determination. From the principle of sovereign equality, such demands are inherently illegitimate.
7. Neutrality is not always a viable solution.
8. Ukraine attempted neutrality after independence (e.g., refusing to join NATO for decades). However, this did not prevent Russian aggression in 2014 or 2022, undermining Sachs’ claim that neutrality would have ensured peace.

Conclusion

Sachs’ argument overemphasizes historical grievances and ignores Russia’s active role in escalating tensions through aggression and coercion. The failure of diplomacy lies as much with Russia’s demands as with Western policies.

Deductive Insights from Counterarguments

1. Both Mearsheimer and Sachs underestimate the agency of smaller states like Ukraine, which made sovereign decisions based on their own security needs rather than being mere pawns in great-power politics.
2. Both positions assume that Russia’s actions are primarily reactive or defensive, but this ignores evidence that Russia has proactively pursued aggressive policies (e.g., Georgia 2008, Crimea 2014).
3. The principle of sovereignty challenges both scholars’ frameworks:
4. Mearsheimer overlooks Ukraine's right to align with NATO if it chooses.
5. Sachs dismisses Ukraine's agency by suggesting neutrality could have been imposed as a solution.

In conclusion, while Mearsheimer and Sachs present internally consistent arguments, their frameworks can be challenged by emphasizing sovereignty, rejecting inevitability in great-power conflict, and highlighting Russia's active role in escalating tensions beyond what can be justified by security concerns alone.

The Synthesis: A Balanced Framework for Resolving the Russia-Ukraine Conflict

First Principles for Synthesis

1. Security is interdependent: A state’s pursuit of security can create insecurity for others, necessitating mutual accommodation.
2. Sovereignty is fundamental but constrained by geography: States have a right to self-determination, but geography imposes practical limits on absolute sovereignty in a multipolar world.
3. Great powers act to preserve their spheres of influence: In an anarchic international system, great powers prioritize regional dominance to ensure their survival.
4. Diplomacy is essential for de-escalation: Durable peace requires negotiated compromises that address the core interests of all parties involved.

Reconciling the Thesis and Antithesis

Thesis (Mearsheimer and Sachs' Positions)

• NATO expansion near Russia’s borders provoked a predictable response from Moscow, reflecting structural dynamics of great-power competition.
• U.S. and NATO policies ignored Russian security concerns, contributing to the escalation of tensions.
• Diplomacy and neutrality for Ukraine are necessary to resolve the conflict.

Antithesis (Counterarguments)

• NATO expansion was driven by voluntary decisions of Eastern European states seeking protection from historical Russian aggression, not Western provocation.
• Russia’s actions are not purely defensive but reflect imperial ambitions that violate Ukraine’s sovereignty.
• Neutrality alone would not guarantee peace, as Russia has acted aggressively even when Ukraine was neutral.

Synthesis

Both perspectives contain valid insights but fail to fully address the complexity of the conflict. The synthesis must: 1. Acknowledge Russia’s legitimate security concerns while rejecting its imperialistic actions. 2. Respect Ukraine’s sovereignty while recognizing that its geographic position necessitates pragmatic compromises. 3. Balance great-power dynamics with smaller states’ rights to self-determination.

Proposed Solution: A Comprehensive Peace Framework

To achieve an enduring peace in Ukraine and stabilize Eastern Europe, the following steps are proposed:

1. Immediate Ceasefire

• Both sides agree to an immediate cessation of hostilities under international supervision (e.g., UN peacekeeping forces).
• A demilitarized buffer zone is established along current frontlines to prevent further clashes.

2. Neutrality with Conditions

• Ukraine adopts a status of permanent neutrality, enshrined in its constitution and guaranteed by international treaties.
• Neutrality includes:
• No NATO membership for Ukraine.
• Freedom for Ukraine to pursue economic integration with both the EU and other global partners without military alignments.

3. Security Guarantees

• Russia receives legally binding assurances that NATO will not expand further eastward or station offensive weapons near its borders.
• Ukraine receives multilateral security guarantees from major powers (e.g., U.S., EU, China) to deter future aggression from any party.

4. Territorial Dispute Resolution

• Crimea’s status is deferred to future negotiations under international mediation, with both sides agreeing to maintain the status quo in the interim.
• Donetsk and Luhansk regions are granted autonomy within Ukraine under a decentralized federal structure, ensuring local governance while preserving Ukrainian sovereignty.

5. Economic Reconstruction

• An international fund is established for rebuilding war-torn regions in Ukraine, with contributions from Russia, Western nations, and multilateral institutions.
• Economic cooperation between Ukraine and Russia is encouraged through trade agreements designed to benefit both parties.

6. Phased Implementation

• Peace agreements are implemented incrementally to build trust:
• Initial steps include withdrawal of heavy weaponry, prisoner exchanges, and humanitarian aid delivery.
• Subsequent phases involve constitutional reforms (e.g., neutrality), elections in disputed regions, and gradual reintegration of territories under international supervision.

7. Long-Term Regional Security Framework

• A new regional security framework is established involving Russia, Ukraine, NATO members, and neutral states to manage disputes peacefully.
• This framework institutionalizes dialogue channels for arms control, economic cooperation, and crisis management.

Rationale for the Solution

1. Balances Security Concerns:
2. Neutrality addresses Russia’s fears of NATO encirclement while preserving Ukraine’s independence.

3. Security guarantees reduce mistrust between NATO and Russia while protecting Ukraine from future aggression.

4. Respects Sovereignty:

5. Ukraine retains its independence and territorial integrity (except for deferred issues like Crimea) while accommodating regional realities through federalism and neutrality.

6. Acknowledges Great-Power Dynamics:

7. The solution recognizes Russia’s need for a secure sphere of influence without legitimizing its imperial ambitions or violating international law.

8. Builds Trust Through Gradualism:

9. Incremental implementation allows both sides to verify commitments before proceeding further.

10. International monitoring ensures compliance with agreements.

11. Incorporates Lessons from History:

12. Neutrality models (e.g., Austria) demonstrate that such arrangements can work when backed by strong guarantees.
13. Phased implementation mirrors successful peace processes in other conflicts (e.g., Colombia).

Conclusion

The synthesis reconciles the structural realism of Mearsheimer with Sachs’ emphasis on diplomacy by proposing a balanced solution that addresses both security dilemmas and sovereignty concerns. Neutrality serves as the linchpin for de-escalation, while phased implementation builds trust over time. By integrating immediate conflict resolution measures with long-term regional frameworks, this approach offers a realistic path toward enduring peace in Eastern Europe.

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[11] https://www.reddit.com/r/geopolitics/comments/15kwpx3/ukraine_war_and_the_paradox_of_mearsheimers/ [12] https://braveneweurope.com/jeffrey-d-sachs-the-real-history-of-the-war-in-ukraine-a-chronology-of-events-and-case-for-diplomacy [13] https://www.jeffsachs.org/newspaper-articles/nato-chief-admits-expansion-behind-russian-invasion [14] https://www.semanticscholar.org/paper/2c06cbc711d95427489f8bc781c45daab461ccde [15] https://www.semanticscholar.org/paper/46e28172de2a520e4f77e654a37687a7757d9d49 [16] https://www.semanticscholar.org/paper/e8c17a15a554054c755a1b1d53d3e1099d159033 [17] https://www.semanticscholar.org/paper/65cbcec6ac255413086db567774844f84c813600 [18] https://www.semanticscholar.org/paper/d11db25ffa5b50ef38d18c2a1e2243e4c7c53b24 [19] https://www.semanticscholar.org/paper/5b750f3d763d728ae2bcf2ce3e6cf67a8281bb2b [20] https://www.semanticscholar.org/paper/34883bf28c7a988eb2c2fe458b7eab3180b36dcc [21] 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@ d360efec:14907b5f

ภาพรวม (Integrated Overview)

ถ้าพิจารณาทั้ง TF Daily, 4H, และ 15m (พร้อมข้อมูล Money Flow ที่เป็นลบในทุก TF) ราคาปัจจุบันประมาณ 84,579

การวิเคราะห์แบบรวม*

1. แนวโน้ม (Trend):

   • Daily: ขาลง (Bearish) แม้ว่าราคาจะอยู่เหนือเส้นค่าเฉลี่ยเคลื่อนที่ (EMA) แต่ Money Flow ที่เป็นลบอย่างรุนแรง บ่งชี้ถึงแนวโน้มขาลง
   • 4H: ขาลง (Bearish) Money Flow เป็นลบอย่างมาก และมี รูปแบบ Head and Shoulders ที่มีโอกาสเกิดขึ้น
   • 15m: ขาลง (Bearish) Money Flow เป็นลบ

2. SMC & ICT (Smart Money Concepts & Inner Circle Trader):

   • Buyside Liquidity: อยู่เหนือราคาสูงสุดปัจจุบัน ระดับราคาที่ อาจ เป็นแนวต้าน (จากกราฟ Daily): 90456.8, 92755.8, 95054.9, 97354.0, 99653.1, 101952.1, 104251.3, 106550.3, 109998.9, และ 117000.0 ใน TF 15m, Buyside Liquidity คือจุดสูงสุดของแท่งเทียนก่อนหน้า
   • Sellside Liquidity: แนวรับสำคัญ: 80,000 (Neckline ของ Head and Shoulders ใน TF 4H, ตัวเลขกลม, แนวรับทางจิตวิทยา) แนวรับอื่นๆ: 83559.5, 81260.4, 78961.4, 76662.3, 74363.2, 72064.1, 69705.1, 67400.0, 66811.7, และ 65166.9 (จากกราฟ Daily) ใน TF 15m, Sellside Liquidity คือจุดต่ำสุดของแท่งเทียนก่อนหน้า

3. Money Flow:

   • Daily: เป็นลบอย่างมาก (Strongly Negative)
   • 4H: เป็นลบอย่างมาก (Strongly Negative)
   • 15m: เป็นลบ (Negative)
   • นี่คือตัวบ่งชี้ที่สำคัญที่สุดในขณะนี้ และเป็นขาลงในทุก Timeframe

4. EMA (Exponential Moving Averages):

   • Daily: ราคาอยู่เหนือ EMA 50 และ 200 แต่ถูกหักล้างด้วย Money Flow ที่เป็นลบ
   • 4H: ราคาอยู่เหนือ EMA 50 และ 200 แต่ถูกหักล้างด้วย Money Flow ที่เป็นลบ
   • 15m: ราคาแกว่งตัวรอบ EMA 50, อยู่เหนือ EMA 200 แต่ถูกหักล้างด้วย Money Flow ที่เป็นลบ

5. Trend Strength (AlgoAlpha):

   • Daily: เมฆ Ichimoku เป็นสีเทา (Neutral - เป็นกลาง)
   • 4H: เมฆ Ichimoku เป็นสีเทา (Neutral - เป็นกลาง)
   • 15m: เมฆ Ichimoku เป็นสีเทา (Neutral - เป็นกลาง)

6. Chart Patterns (รูปแบบกราฟ):

   • Daily: ไม่มีรูปแบบที่ชัดเจน แต่มีการอ่อนตัวของราคา
   • 4H: มีโอกาสเกิด รูปแบบ Head and Shoulders (กลับหัว) (Bearish - ขาลง)
   • 15m: ไม่มีรูปแบบที่ชัดเจน แต่อาจเป็นส่วนหนึ่งของ Right Shoulder ใน TF 4H

กลยุทธ์ Day Trade (SMC-Based)

เนื่องจาก Money Flow ที่เป็นลบอย่างท่วมท้นในทุก Timeframes และรูปแบบ Head and Shoulders ที่มีโอกาสเกิดขึ้นใน TF 4H กลยุทธ์การซื้อขายที่สมเหตุสมผล เพียงอย่างเดียว คือ การป้องกันอย่างเข้มงวด โดยเน้นที่ การหลีกเลี่ยงสถานะ Long และพิจารณาสถานะ Short เฉพาะ เมื่อมีเงื่อนไขที่เข้มงวดมากเท่านั้น

1. Long (Buy): ไม่แนะนำโดยเด็ดขาด (Absolutely, unequivocally not recommended) การทำเช่นนี้จะเป็นการซื้อขายสวนทางกับแนวโน้มหลักและสัญญาณ Money Flow ที่ชัดเจน

2. Short (Sell):

   • Entry (จุดเข้า): นี่คือการเทรด เดียว ที่ อาจ มีเหตุผลสนับสนุน, แต่ เฉพาะ เมื่อเงื่อนไข ทั้งหมด ต่อไปนี้เป็นจริง:
     • รูปแบบ Head and Shoulders ใน TF 4H เสร็จสมบูรณ์ ด้วยการ Breakout ที่ชัดเจนใต้ Neckline (80,000-81,000)
     • การ Breakout ใต้ Neckline เกิดขึ้นพร้อมกับ Volume ที่สูง
     • Money Flow ใน ทั้งสาม Timeframes ยังคง เป็นลบอย่างมาก
     • คุณมีสัญญาณ Bearish อื่นๆ ยืนยัน (เช่น รูปแบบแท่งเทียน Bearish, Bearish Divergence)
   • Target (เป้าหมาย): ระดับ Sellside Liquidity (เช่น 78961.4, 76662.3)
   • Stop Loss (จุดตัดขาดทุน): เหนือ Neckline หรือ Right Shoulder ทันที จำเป็นต้องมี Stop Loss ที่เข้มงวดอย่างยิ่ง

3. No Trade (ไม่เทรด): เป็นตัวเลือกที่ ดีที่สุด สำหรับนักเทรด/นักลงทุนส่วนใหญ่ ความเสี่ยงที่จะเกิดการปรับฐานครั้งใหญ่มีสูงมาก

สรุป

สถานการณ์ของ BTC คือ Bearish อย่างมาก Money Flow ที่เป็นลบอย่างมากในทุก Timeframes เป็นปัจจัยสำคัญที่สุด ซึ่งมีน้ำหนักมากกว่าสัญญาณ Bullish ใดๆ ก่อนหน้านี้จาก EMA รูปแบบ Head and Shoulders ที่มีโอกาสเกิดขึ้นใน TF 4H ช่วยเพิ่มการยืนยันแนวโน้ม Bearish สถานะ Long ไม่สมเหตุสมผลอย่างยิ่ง สถานะ Short อาจ พิจารณาได้, แต่ ต้อง มีการยืนยันสัญญาณที่ชัดเจน ทั้งหมด และมีการบริหารความเสี่ยงที่เข้มงวดมาก "Wait and See" (รอดู) และการรักษาเงินทุนเป็นสิ่งสำคัญที่สุด

Disclaimer: การวิเคราะห์นี้เป็นเพียงความคิดเห็นส่วนตัว ไม่ถือเป็นคำแนะนำในการลงทุน ผู้ลงทุนควรศึกษาข้อมูลเพิ่มเติมและตัดสินใจด้วยความรอบคอบ

@ d360efec:14907b5f

$OKX:BTCUSDT.P

Overview (Integrated Overview)

All three provided timeframes (Daily, 4H, and 15m, all now confirmed to have negative Money Flow), The current price is approximately 84,579.

Integrated Analysis

1. Trend:

   • Daily: Bearish. While the price is above the EMAs, the strongly negative Money Flow on the Daily chart overrides the EMA signal, indicating a bearish trend. The Ichimoku Cloud is neutral, further supporting the idea that the previous bullish trend is weakening.
   • 4H: Bearish. Strongly negative Money Flow and a potential (but not yet confirmed) inverted Head and Shoulders pattern.
   • 15m: Bearish. Negative Money Flow.

2. SMC & ICT (Smart Money Concepts & Inner Circle Trader):

   • Buyside Liquidity: Above the current high. Potential resistance levels (derived from the Daily chart image, assuming it's from 2025): 90456.8, 92755.8, 95054.9, 97354.0, 99653.1, 101952.1, 104251.3, 106550.3, 109998.9, and 117000.0. On the 15m chart (though we are prioritizing the Daily and 4H now), Buyside Liquidity would be represented by recent swing highs.
   • Sellside Liquidity: Key support: 80,000 (this is the approximate neckline of the potential Head and Shoulders pattern on the 4H chart, a round number, and a psychological support level). Other support levels (derived from the Daily chart image): 83559.5, 81260.4, 78961.4, 76662.3, 74363.2, 72064.1, 69705.1, 67400.0, 66811.7, and 65166.9. On the 15m chart, Sellside Liquidity would be represented by recent swing lows.

3. Money Flow:

   • Daily: Strongly Negative. This is a major bearish signal.
   • 4H: Strongly Negative. This reinforces the bearish signal and is consistent with the Daily chart.
   • 15m: Negative. This confirms the short-term outflow of money.
   • The consistently negative Money Flow across all timeframes is the most important and dominant indicator in this analysis.

4. EMA (Exponential Moving Averages):

   • Daily: Price is above the EMA 50 (yellow) and EMA 200 (white). However, the strongly negative Money Flow overrides the bullish signal typically provided by the price being above the EMAs.
   • 4H: Price is above the EMA 50 and EMA 200. Again, the strongly negative Money Flow overrides this.
   • 15m: Price is oscillating around the EMA 50 and above the EMA 200. The negative Money Flow overrides this.

5. Trend Strength (AlgoAlpha Indicator):

   • Daily: The Ichimoku Cloud is gray (Neutral). This is not a bullish signal and is consistent with the negative Money Flow.
   • 4H: The Ichimoku Cloud is gray (Neutral).
   • 15m: The Ichimoku Cloud is gray (Neutral).

6. Chart Patterns:

   • Daily: No fully formed classic chart pattern. However, the recent price action shows a loss of upward momentum and the beginning of a potential downward move. This weakening price action, combined with the strongly negative Money Flow, is bearish.
   • 4H: Potential inverted Head and Shoulders pattern. This is a bearish reversal pattern. It's crucial to understand that this pattern is not yet confirmed. Confirmation requires a decisive break below the neckline (approximately 80,000-81,000), with increased volume and continued negative Money Flow.
   • 15m: No clearly defined classic chart pattern. The 15m price action is best understood as potentially forming the right shoulder of the 4H Head and Shoulders.

SMC-Based Day Trading Strategies

Given the overwhelmingly bearish evidence – primarily the strongly negative Money Flow across all timeframes, combined with the potential Head and Shoulders pattern on the 4H chart – the only justifiable trading strategy is extreme caution and a strong bias against long positions. Short positions have a slightly higher probability of success, but only under very specific conditions and with extremely tight risk management.

1. Long (Buy): Absolutely, unequivocally not recommended. There is no technical justification for entering a long position at this time. This would be trading directly against the dominant bearish signals.

2. Short (Sell):

   • Entry: This is the only trade with any potential, and only if all of the following conditions are met:
     • The Head and Shoulders pattern on the 4H chart fully completes with a decisive break below the neckline (80,000-81,000).
     • The breakout below the neckline occurs on significantly increased volume.
     • The Money Flow on all three timeframes (Daily, 4H, and 15m) remains strongly negative at the time of the breakout.
     • Additional bearish confirmation is present (e.g., bearish candlestick patterns, bearish divergences on other oscillators like RSI or MACD – which we cannot see from the provided images).
   • Target: Sellside Liquidity levels, derived from the Daily chart. Potential targets include, but are not limited to: 78961.4, 76662.3, 74363.2, and potentially lower.
   • Stop Loss: Immediately above the neckline (after the breakout) or above the high of the right shoulder (if placing the trade before a confirmed neckline break – which is extremely risky). An extremely tight stop-loss is absolutely mandatory due to the inherent volatility of BTC and the potential for false breakouts.

3. No Trade (Cash): This is, by far, the best and most prudent option for the vast majority of traders and investors. The risk of a substantial price decline is extremely high, given the confluence of bearish signals. Preserving capital should be the primary objective.

Key Levels to Watch:

• 80,000 - 81,000 (4H Chart): This is the neckline of the potential Head and Shoulders pattern. A sustained break below this level, with the confirming factors listed above, would be a strong bearish signal.
• Money Flow on all chart:

Conclusion

The overall technical picture for BTC, strongly bearish. The dominant factor is the consistently and strongly negative Money Flow across all three timeframes. This overrides any seemingly bullish signals from the EMAs. The potential (but unconfirmed) Head and Shoulders pattern on the 4H chart adds further weight to the bearish case.

Long positions are completely unjustified and extremely risky. Short positions might be considered, but only with the strictest possible entry criteria, complete confirmation from multiple indicators, and extremely tight risk management. The "Wait and See" approach, prioritizing capital preservation, is the most prudent strategy for most market participants. This situation calls for extreme caution and a defensive posture.

Disclaimer: This analysis is a personal opinion. It is not financial advice. Trading and investing in cryptocurrencies involves significant risk. Always do your own research and consult with a qualified financial advisor before making any investment decisions.

@ ed5774ac:45611c5c

Trump and Vance Expose Zelensky: The West’s Narrative Machine Meets Reality

In the modern era, the West has perfected the art of ruling through narratives. Stories, carefully crafted and disseminated, have become the primary tool for shaping public perception, justifying actions, and maintaining control. This narrative-driven approach to governance has been the cornerstone of Western power since the 20th century, and nowhere is this more evident than in the ongoing conflict in Ukraine. Enter Volodymyr Zelensky, the comedian-turned-president, who has become a poster child for this narrative-driven world order. But in a recent confrontation with Donald Trump and J.D. Vance, Zelensky’s carefully constructed facade crumbled, exposing the fragility of the Western storytelling empire.

The West’s Narrative Machine

As Alastair Crooke astutely observes in his article The Western Way of War: Owning the Narrative Trumps Reality ( https://www.unz.com/article/the-western-way-of-war-owning-the-narrative-trumps-reality), the West’s power lies not in its military or economic might alone but in its ability to control the narrative. Crooke argues that the West has mastered the art of “owning the story,” creating a reality that serves its interests, regardless of facts on the ground. This narrative dominance ensures that the general public—often referred to as the masses—follows along without questioning, accepting the official line as gospel truth.

To maintain this control, the West relies on carefully curated protagonists who can sell its stories to the world. Take, for example, the story of Volodymyr Zelensky, a former actor whose rise to power was itself a narrative triumph. Portrayed as a relatable outsider who defeated the corrupt establishment, Zelensky promised hope and reform. But behind this carefully crafted image lay darker forces. Oligarch Ihor Kolomoisky, one of Ukraine’s most powerful and controversial figures, played a pivotal role in Zelensky’s ascent. Kolomoisky, who owned the TV channel that aired Zelensky’s show Servant of the People, used his media empire to propel the political novice into the spotlight. This was not a grassroots movement but a calculated maneuver by Ukraine’s oligarchic elite to maintain control under a new, more palatable face.

Zelensky’s Rise and the West’s Geopolitical Strategy

Zelensky’s rise was not just a domestic political shift; it was a calculated move by the West to advance its long-standing goal of containing Russia and dominating Eurasia. The West, particularly the EU and NATO, saw Ukraine as a critical piece in its geopolitical chess game. By installing a pro-Western leader like Zelensky, the West aimed to pull Ukraine firmly into its orbit, knowing full well that such a move would antagonize Moscow. This was not an accidental escalation but a deliberate provocation, designed to create a pretext for further Western intervention.

To polish Zelensky’s image and present him as a beacon of hope for peace and the Westernization of Ukraine, the West also needed to whitewash Ukraine’s darker realities. This meant turning a blind eye to the corruption and oligarchic influence that underpinned Zelensky’s presidency. Equally ignored were the neo-Nazi crimes and policies that had been well-documented before 2014, such as the rise of far-right groups like Svoboda and the Azov Battalion, their glorification of Nazi collaborator Stepan Bandera, and their violent attacks on ethnic minorities, political opponents, and LGBTQ+ communities. These atrocities, once reported in Western media, were suddenly erased from the narrative after 2014, as if they had never existed, to preserve the image of Ukraine as an innocent victim in the West’s geopolitical chess game.

The Grand Chessboard: Ukraine as a Proxy

The West’s use of Ukraine as a geopolitical pawn is not a recent development. Its roots can be traced back to Zbigniew Brzezinski’s 1997 book The Grand Chessboard, in which the former U.S. National Security Advisor laid out a blueprint for American dominance in Eurasia. He famously wrote, “The one who rules the heartland rules the world, the one who rules East Europe rules the heartland, the one who rules Ukraine rules East Europe.” This statement foreshadowed the West’s strategic interest in Ukraine as a tool to contain and destabilize Russia—a goal that has driven Western policy for decades.

Even in 2008, Western leaders like Angela Merkel and Nicolas Sarkozy opposed Ukraine’s NATO membership, recognizing that such a move would provoke Russia. Classified cables from William Burns, the U.S. Ambassador to Russia at the time, echoed this sentiment. Burns warned that NATO expansion into Ukraine was a “red line” for Moscow, succinctly stating, “Nyet means nyet.” The West was fully aware that it was playing with fire, risking a direct confrontation with Russia that could escalate into a potential World War III. Yet, despite these warnings, the West pushed forward with its agenda, pulling Ukraine into its orbit. The stakes were simply too high to abandon the plan.

At the heart of this strategy lies the West’s desperate need to sustain its faltering economic system. Since the 2008 financial crisis, the Western debt-driven financial model has teetered on the brink of collapse. Sovereign debt crises loom large, and the banking industry, reliant on endless money printing, urgently needs new collateral to back its ever-expanding debt. Russia’s vast resource-rich territories—filled with oil, gas, minerals, and rare earth metals—offer a tempting solution.

By dominating Russia and seizing control of its natural wealth, the West could issue resource-backed bonds, financial instruments tied directly to Russia’s oil and gas reserves. These bonds would allow the West to leverage Russia’s resources as collateral, providing a stable foundation for its debt-ridden financial system. Controlling access to these resources would ensure currency stability and keep Western economies functioning, even as debt levels soar.

But the West’s ambitions extend beyond economic survival. Controlling Russia’s resources would also allow it to sever China’s access to critical raw materials, undermining Beijing’s economic and military development. By dominating Russia’s energy exports, the West could manipulate global energy prices, stabilizing its own economies while weakening rivals like China, which relies heavily on Russian energy. The U.S. and EU view China as the greatest geopolitical challenge of the 21st century, and by encircling and weakening Russia, they aim to isolate and contain Beijing. In this grand strategy, Ukraine is not merely a pawn but a critical linchpin in the West’s efforts to reshape the global order—even at the risk of catastrophic conflict.

Zelensky’s Role in the West’s Strategy

To execute this high-stakes strategy, the West needed a compelling narrative—one that could justify its actions, rally public support, and obscure its true motives. Therefore, they created the narrative around Volodymyr Zelensky, casting him as a global symbol of resistance, a hero fighting against the “evil” of Putin’s Russia. The West, particularly the EU and NATO, embraced this narrative, using it to justify billions in aid—much of which served as a cover for money laundering—sanctions on Russia, and the broader geopolitical agenda outlined above. Zelensky became the face of this narrative, a willing participant in the West’s grand strategy, even as his own country was turned into a battlefield.

Zelensky’s narrative, however, is built on shaky ground. Take, for example, the claim that Putin is “non-agreement capable”—a talking point frequently parroted by Western media and politicians. This assertion is not only baseless but laughably ironic. Unlike the West, which has a long history of signing agreements only to disregard them (e.g., the Minsk agreements, the Istanbul peace deal in March 2022, or NATO’s broken promise not to expand eastward), Putin has consistently honored the contracts and treaties he has signed. The West, not Russia, is the true exemplar of “non-agreement capable” behavior.

Yet, Zelensky and his Western backers continue to peddle these lies, confident that the general public will follow. The narrative is simple: Ukraine is the victim, Russia is the aggressor, and any suggestion to the contrary is dismissed as propaganda. This black-and-white storytelling leaves no room for nuance, truth, or accountability.

Trump and Vance: Slapping Down the Narrative

Enter Donald Trump and J.D. Vance. In a recent meeting with Zelensky, the duo did what few in the West have dared to do: they called out the narrative for what it is—a fabrication. Trump, known for his blunt rhetoric, and Vance, a rising voice of realism in foreign policy, confronted Zelensky with the uncomfortable truth. They exposed the contradictions in his claims, highlighting the West’s role in prolonging the conflict and the absurdity of expecting the world to believe in a one-sided story.

Zelensky, accustomed to the adulation of Western elites and the uncritical support of the media, was unprepared for this reality check. His carefully rehearsed lines fell flat, his confidence wavered, and the mask slipped. The confrontation was a rare moment of clarity in a sea of narrative-driven fog, a reminder that truth, when spoken boldly, can still shatter even the most entrenched lies.

The Meltdown of a Narrative Puppet

Zelensky’s meltdown in the face of Trump and Vance’s truth-telling is emblematic of a larger crisis in the West’s narrative-driven order. For decades, the West has relied on storytelling to maintain its dominance, but this approach is increasingly unsustainable. The rise of alternative media, the growing skepticism of the public, and the emergence of leaders like Trump and Vance who refuse to play along are exposing the cracks in the narrative machine.

Zelensky, the figurehead who believed he could sell his lies to 8 billion people, is a cautionary tale. He is not the master of his narrative but a puppet, manipulated by his masters in the EU and NATO. His failure to withstand scrutiny is a testament to the hollowness of the stories he tells and the fragility of the system that props him up.

Conclusion: The End of Narrative Dominance?

The confrontation between Trump/Vance and Zelensky is more than just a political spat; it is a microcosm of the broader struggle between narrative and reality. The West’s reliance on storytelling as a tool of governance is reaching its limits. As Crooke warns, when the narrative diverges too far from reality, it risks collapsing under its own weight.

The general public, once content to follow blindly, is beginning to question. Leaders like Trump and Vance are challenging the status quo, forcing the world to confront uncomfortable truths. Zelensky’s meltdown is a sign of things to come—a harbinger of the end of narrative dominance and the return of reality-based governance. The question is, will the West adapt, or will it cling to its stories until the very end?

@ a296b972:e5a7a2e8

Hat das Corona-Ereignis Einfluss genommen auf die Bundestagswahl?

Eine zwingend notwendige Aufarbeitung der Corona-Zeit war noch nicht einmal Bestandteil der Wahlversprechungen in den Wahlprogrammen der Altparteien, die bekanntlich ohnehin nicht umgesetzt werden.

Bei einer hohen Wahlbeteiligung von rund 84 % haben sich rund 74 % für eine der Altparteien entschieden und rund 26 % für die AfD und das BSW.

Das Verhältnis von 74 zu 26 stellt in etwa das Verhältnis derjenigen dar, die sich für und gegen die Gen-Behandlung entschieden haben.

Kann es sein, dass sich die mehrheitlich genbehandelten Wähler unterbewusst für eine der Altparteien entschieden haben, weil sie hier recht sicher sein können, dass eine Aufarbeitung des Corona-Verbrechens nicht stattfinden wird?

Auch, wenn der öffentlich-rechtliche Propaganda-Apparat sehr darauf bedacht ist, die erdrückenden Erkenntnisse über die Schädlichkeit der Gen-Behandlung nicht zu thematisieren, dringt doch die eine oder andere Information zu den Gen-Behandelten durch.

Nach wie vor haben diese in der Mehrzahl ein heiliges Schweigegelübte abgelegt, denn ein ernsthafter Austausch findet auch nach 5 Jahren nicht statt. Die kognitive Dissonanz wirkt weiterhin. Sie wollen nicht, dass sie nach den aktuellen Erkenntnissen mit einem möglichen Fehler ihrer Entscheidung konfrontiert werden. Und hier sind sie bei der Wahl einer Altpartei auf der sicheren Seite, dass das auch von offizieller Stelle aus nicht geschieht.

Nach dieser Annahme wäre die Wahlentscheidung im Unterbewusstsein durch Angst manipuliert worden. Möglicherweise wäre so das Wahlergebnis die Folge der Corona-Zeit und indirekte Wahlmanipulation.

Bei der vorangegangenen Wahl durfte das Wahllokal nur mit einem Maulkorb betreten werden. Dieser wurde inzwischen durch einen DSA-gestützten meinungsfreiheitlichen Unseredemokratie-Maulkorb in den Köpften der Wähler ersetzt.

Die Regierungsbildung wird einige Zeit in Anspruch nehmen. In der Zwischenzeit werden die Friedensbemühungen für die Ukraine zwischen den USA und Russland mit derzeit guten Aussichten voranschreiten. Gleichzeitig findet eine Distanzierung von den USA statt und die EU, vor allem Deutschland, hält zur weiteren realitätsfremden Unterstützung der Ukraine und der für sie steigenden, aber nicht vorhandenen Gefahr einer russischen Invasion eine Kriegsertüchtigung dringend für notwendig.

Mit der Weiter-So-Politik wird der wirtschaftliche Niedergang Deutschlands voranschreiten.

Das Migrationsproblem wird sich nicht von alleine lösen. Es ist zu befürchten, dass es zu weiteren Messerstechereien kommt. Durch Aufrechterhalten der Brandmauer wird es zu weiteren absurden Entscheidungen der Alt-Parteien-Regierung kommen. Das wird dazu führen, dass diese Regierung keine Legislaturperiode von 4 Jahren halten wird. Es wird unter Umständen noch früher, vielleicht schon nach 2 Jahren zu Neuwahlen kommen.

Bereits einen Tag nach dem Wahlabend wird von Wahlmanipulation im Wahlkreis 106 Düsseldorf berichtet. Vermutlich kein Einzelfall. Viele Stimmen von Deutschen, die im Ausland leben, konnten nicht berücksichtigt werden. Viele der im Ausland lebenden haben das Land aufgrund der derzeit herrschenden Verhältnisse verlassen. Dass diese den Altparteien ihre Stimme geben, ist eher unwahrscheinlich. Es besteht auch noch die Möglichkeit, dass die gesamte Wahl annulliert werden muss.

@ 6a6be47b:3e74e3e1

Hi frens, 🎨 While painting today, my mind wandered from my latest blog entryto future artistic endeavors.I've been open about my feelings as an artist, but that's just the tip of the iceberg. I realized I haven't properly introduced myself here, so let me remedy that. 🖼️Art has been my lifelong passion. Nostr and its wonderful community have reignited my belief in my work, showing me that art can be both enlightening and potentially profitable. I'm truly grateful for the warm welcome and positive vibes I've encountered here. 🦋Nostr made me feel confident enough to speak my mind on a social platform (or should I say protocol? 😉). Some fun facts about me: 🐹 I'm a "golly jolly" kind of gal who's always curious about the world and seeking answers. 🐹I'm a sunscreen enthusiast in summer (but in winter, I'm buried under so many layers, I practically double in size!) 🐹Birdwatching is a hobby of mine. I've researched and painted some cool birds like shoebills and bearded vultures. (Any suggestions for my next avian subject?) 🩷I'm truly happy to be here and grateful for each day. My goal is to spread joy through my art and interactions. Thanks for being part of this journey with me! In your personal experience, how has it been discovering Nostr wether you're an artist or not? What's you favorite part of your journey so far? Godspeed 🚀

@ a95c6243:d345522c

Ständige Lügen und Unterstellungen, permanent falsche Fürsorge \ können Bausteine von emotionaler Manipulation sein. Mit dem Zweck, \ Macht und Kontrolle über eine andere Person auszuüben. \ Apotheken Umschau

Irgendetwas muss passiert sein: «Gaslighting» ist gerade Thema in vielen Medien. Heute bin ich nach längerer Zeit mal wieder über dieses Stichwort gestolpert. Das war in einem Artikel von Norbert Häring über Manipulationen des Deutschen Wetterdienstes (DWD). In diesem Fall ging es um eine Pressemitteilung vom Donnerstag zum «viel zu warmen» Winter 2024/25.

Häring wirft der Behörde vor, dreist zu lügen und Dinge auszulassen, um die Klimaangst wach zu halten. Was der Leser beim DWD nicht erfahre, sei, dass dieser Winter kälter als die drei vorangegangenen und kälter als der Durchschnitt der letzten zehn Jahre gewesen sei. Stattdessen werde der falsche Eindruck vermittelt, es würde ungebremst immer wärmer.

Wem also der zu Ende gehende Winter eher kalt vorgekommen sein sollte, mit dessen Empfinden stimme wohl etwas nicht. Das jedenfalls wolle der DWD uns einreden, so der Wirtschaftsjournalist. Und damit sind wir beim Thema Gaslighting.

Als Gaslighting wird eine Form psychischer Manipulation bezeichnet, mit der die Opfer desorientiert und zutiefst verunsichert werden, indem ihre eigene Wahrnehmung als falsch bezeichnet wird. Der Prozess führt zu Angst und Realitätsverzerrung sowie zur Zerstörung des Selbstbewusstseins. Die Bezeichnung kommt von dem britischen Theaterstück «Gas Light» aus dem Jahr 1938, in dem ein Mann mit grausamen Psychotricks seine Frau in den Wahnsinn treibt.

Damit Gaslighting funktioniert, muss das Opfer dem Täter vertrauen. Oft wird solcher Psychoterror daher im privaten oder familiären Umfeld beschrieben, ebenso wie am Arbeitsplatz. Jedoch eignen sich die Prinzipien auch perfekt zur Manipulation der Massen. Vermeintliche Autoritäten wie Ärzte und Wissenschaftler, oder «der fürsorgliche Staat» und Institutionen wie die UNO oder die WHO wollen uns doch nichts Böses. Auch Staatsmedien, Faktenchecker und diverse NGOs wurden zu «vertrauenswürdigen Quellen» erklärt. Das hat seine Wirkung.

Warum das Thema Gaslighting derzeit scheinbar so populär ist, vermag ich nicht zu sagen. Es sind aber gerade in den letzten Tagen und Wochen auffällig viele Artikel dazu erschienen, und zwar nicht nur von Psychologen. Die Frankfurter Rundschau hat gleich mehrere publiziert, und Anwälte interessieren sich dafür offenbar genauso wie Apotheker.

Die Apotheken Umschau machte sogar auf «Medical Gaslighting» aufmerksam. Davon spreche man, wenn Mediziner Symptome nicht ernst nähmen oder wenn ein gesundheitliches Problem vom behandelnden Arzt «schnöde heruntergespielt» oder abgetan würde. Kommt Ihnen das auch irgendwie bekannt vor? Der Begriff sei allerdings irreführend, da er eine manipulierende Absicht unterstellt, die «nicht gewährleistet» sei.

Apropos Gaslighting: Die noch amtierende deutsche Bundesregierung meldete heute, es gelte, «weiter [sic!] gemeinsam daran zu arbeiten, einen gerechten und dauerhaften Frieden für die Ukraine zu erreichen». Die Ukraine, wo sich am Montag «der völkerrechtswidrige Angriffskrieg zum dritten Mal jährte», verteidige ihr Land und «unsere gemeinsamen Werte».

Merken Sie etwas? Das Demokratieverständnis mag ja tatsächlich inzwischen in beiden Ländern ähnlich traurig sein. Bezüglich Friedensbemühungen ist meine Wahrnehmung jedoch eine andere. Das muss an meinem Gedächtnis liegen.

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Dieser Beitrag ist zuerst auf Transition News erschienen.

@ 04c195f1:3329a1da

Yesterday's chaotic Oval Office meeting between Trump, Vance, and Zelensky exposes a harsh truth: Europe can no longer depend on American protection. The time has come for Europe to reclaim its sovereignty and rebuild as an independent power.

A Diplomatic Theater With No Happy Ending

Yesterday's chaotic scenes in the Oval Office revealed more than just diplomatic tension—they exposed the fundamental weakness of Europe's strategic position. As President Trump, Vice President Vance, and President Zelensky engaged in their uncomfortable public spectacle, one truth became painfully clear: Europe can no longer rely on American protection.

The awkward press conference featured about 40 minutes of relative calm before descending into 10 minutes of complete chaos. This final meltdown was likely never intended to produce meaningful results. Each participant appeared to be performing for different audiences—Trump and Vance signaling to their base, Zelensky demonstrating resolve to European allies. Without concrete security guarantees, any agreement would be meaningless for Ukraine, a reality all parties surely understood beforehand.

When Vance spoke of diplomacy as a "new strategy"—ignoring numerous failed diplomatic initiatives—he crossed a line that provoked Zelensky's visible frustration. The subsequent breakdown wasn't merely a failure of diplomatic protocol but the public collapse of a relationship Europe has staked its security upon.

The Price of Misguided Priorities

This moment of crisis presents an opportunity if European nations are willing to confront uncomfortable realities. The time has come for Europe to emerge as a third global power, independent from both Eastern and Western influence. However, the path forward requires acknowledging our current weaknesses.

European leadership has squandered decades pursuing ideological luxuries while our industrial and military capabilities have atrophied. While obsessing over multicultural social engineering, progressive identity politics, and globalist agendas, we've neglected the fundamental responsibilities of sovereign nations: securing borders, building defensive capabilities, and fostering national cohesion.

The defense of European nations begins with domestic policy. A society divided against itself cannot stand firm in the face of external threats. This principle applies whether discussing Sweden's defense posture or the broader European security architecture.

Photo by Christian Lue on Unsplash

Reclaiming National Identity and Purpose

To rebuild our defensive capabilities, we must first address the internal fragmentation deliberately cultivated across the political spectrum. The active policies of societal division pursued with increasing fervor since the latter half of the 20th century have undermined the very foundations of national identity and common purpose.

Strengthening national defense requires citizens who understand their shared heritage and believe their nation is worth defending. In practical terms, this means confronting difficult questions about immigration, assimilation, and the presence of potential fifth-column elements within our societies. Nations with higher social cohesion demonstrate greater willingness to defend their collective interests.

The current crisis in Ukraine and the uncertain American commitment should serve as a wake-up call. European nations must rapidly rebuild industrial capacity, military strength, and most importantly, a sense of shared purpose. This demands breaking free from the ideological constraints that have guided European politics for generations.

Although European establishment politicians show little appetite for such fundamental reassessment, events are accelerating rapidly. The dramatic scenes in Washington should catalyze serious reflection across European capitals. We cannot hold our breath waiting for political leadership to regain sense—we must push the conversation forward ourselves.

Europe stands at a crossroads. We can continue our dangerous dependence on unreliable partners, or we can reclaim our sovereignty and rebuild our strength. The choice should be obvious, but making it requires courage our leaders have thus far failed to demonstrate.

■

@ fd78c37f:a0ec0833

Author: Zhengyu Qian, Eric Zhang Original Link: https://research.dorahacks.io/2025/02/22/maci-mailbox/

We are not reinventing email.

Even a glance at the TOC of IETF RFC 5322 reveals: email is long-standing and well-established, but far from simple. This is just one piece of the puzzle in today’s email system.

What we would like to do first is to review the essence of message delivery.

Proto-mail

A typical process of message delivery can be broken down into three critical components:

1. Individuals intending to exchange messages—referred to as the users.
2. An intermediary, or agent, that facilitates the delivery.
3. The message itself.

Message delivery takes place when the sender hands over the message (e.g., a written note) to an agent—a person (a messenger), a device (a beacon), or an institution (a post office). The agent then dispatches the message to the recipient.

Though direct communication, such as face-to-face conversation, falls outside the scope of this context.

The Protocol of MACI Mailbox

The MACI Mailbox is an encryption-based mailing protocol that builds directly on the three components above, with modifications and extensions.

1. The user consists of two parts:

2. An account, typically with a publicly visible mailing address.

3. A keypair(a private key and its corresponding public key), which works its magic in encrypted communication.

4. The agent has a similar structure:

5. An account.

6. A keypair.

7. The message is simple, consisting of two fields:

8. Subject.

9. Body.

The following outlines the flow of message delivery in the MACI Mailbox protocol. The process of sending a message is addressed first.

1. The sender writes a message.

2. The agent encrypts the message using its public key, posts and stores it in a shared public database (e.g. a blockchain, Nostr), and assigns it a queryable ID.

3. The sender wraps the ID of encrypted message together with the agent’s private key, encrypts them using the recipient’s public key, and broadcasts the resulting encrypted data to a public space. Yes, broadcasts it publicly—feeling like encrypted radio communication yet?

In this process, asymmetric encryption is introduced twice, achieving something valuable: the decoupling of message storage from broadcast. This has at least two key implications:

1. It’s highly flexible to choose the infrastructures for encrypted message posting and storage as well as broadcasting facilities—both of which are modular, replaceable, and trustless.

2. Storage and broadcast infrastructures can be separately tailored to meet specific requirements. Typically:

3. Message storage is expected to be inexpensive, reliable, and scalable.

4. Broadcast infrastructure can be customized to fit the varying user ecosystems or needs.

Receiving a message is basically the reverse process:

1. The recipient indexes their mail in the broadcast space, decrypts it with their own private key (guaranteed by the principles of asymmetric encryption), and retrieves both the ID of encrypted message (storage address) and the agent’s private key (which, as you may recall, was bundled with the message ID before broadcast).

2. With the message ID, the recipient fetches the encrypted message from storage and decrypts it using the agent’s private key to obtain the plaintext message.

3. Tada.

It can be observed that the agent’s role described above is highly procedural, lending itself to a modular and replaceable design. This enables significant flexibility in the implementation of MACI Mailbox services and applications.

Vota-Nostr Mailbox: basic architecture

The Vota-Nostr Mailbox is the first implementation of the Protocol by Dora Factory, consisting of several core modules:

• A smart contract deployed on Dora Vota appchain to handle the broadcasting of messages.

• Nostr relays, used for publishing and storing encrypted messages.

• An indexer service to assist users in locating relevant messages, such as those sent to or from themselves.

• A web app as the interface for interacting with the Vota-Nostr Mailbox.

First, user accounts are implemented as on-chain accounts of Dora Vota (represented as a wallet address) paired with a public/private ECC keypair. Message content is kept simple as plain-text strings, with the flexibility to upgrade it later (Everybody Loves Rich Text).

Next, let’s push the boundaries for the agent. Ideally, users shouldn’t have to learn how to interact with it actively—think about fully automated agents. Or picture a stylish scene from The Day of the Jackal: Eddie Redmayne casually discarding a phone after each call.

Thus, a disposable, one-time auto agent is designed for each mail flow. This agent consists of a randomly generated ECC keypair and a temporarily created Nostr account (essentially another keypair: npub/nsec).

Vota-Nostr Mailbox: communication workflow

In Vota-Nostr implementation of MACI Mailbox Protocol, the communication flow is as follows. Both the encryption/decryption of message content and the broadcast rely on elliptic-curve cryptography.

To enhance user experience, a “Sent Messages” feature has been implemented, allowing senders to index, decrypt, and review their sent messages. In general, with asymmetric encryption, only the recipient’s private key can decrypt the encrypted content. Technically, there are cryptographic methods to enable mutual decryption by both sender and recipient.

For simplicity at this stage, this issue is addressed by creating a duplicate of each broadcast data (on Dora Vota appchain). This duplicate is encrypted using the sender’s own public key, allowing the sender to decrypt it with their private key.

Since the Protocol decouples the storage of encrypted message from the broadcast data, this duplication doesn’t significantly increase the payload on the broadcast infrastructure. Only the message ID and the agent’s private key need to be processed as duplicates, both of which are compact and independent of the actual message size (the length of your address line and the size of your front door key don’t depend on the dimensions of your house).

Below outlines the entire communication process:

1. The sender encrypts their message using the agent’s one-time public key and publishes it to Nostr relay(s) via the agent’s one-time Nostr account, obtaining the encrypted message’s ID (i.e., Nostr event ID).

2. The sender wraps the encrypted message ID along with the agent’s one-time private key, encrypts them using the recipient’s public key, and broadcasts the resulting encrypted data to the appchain via their own Dora Vota account. This process leverages wallet apps/extensions for transaction submission and the smart contract for processing, closely resembling how users typically interact with blockchains and dapps.

3. Once the on-chain transaction is processed, the encrypted data is broadcast on Dora Vota. Both the sender and the recipient can retrieve the data at any time via the Mailbox Indexer.

4. The recipient decrypts the broadcast encrypted data using their own private key, finding the Nostr event ID and the corresponding decryption key (one-time agent private key). They then fetch the encrypted message from Nostr relay(s) by the ID and decrypt it with the one-time private key.

5. The sender can follow a nearly identical process to fetch and decrypt their own duplicate, enabling them to review sent messages.

Acknowledgements

The MACI Mailbox protocol was conceived during a Dora Factory developer meeting in Kyoto, March 2024. Eric Zhang supported its implementation in October as a tool to facilitate communications and campaigns in MACI decentralized governance. Shrey Khater and Divyansh Joshi contributed to an MVP of the Vota-Nostr implementation. The protocol was officially integrated with Dora Vota appchain as well as its frontend with efforts from Zhengyu Qian, Dennis Tang, and Vegebun.

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

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

So stay a while and listen.

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

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

originally posted at https://stacker.news/items/900550

@ 95cb4330:96db706c

Embracing The Principle of Asymmetric Bets

Embracing the principle of asymmetric bets, as practiced by visionaries like Jeff Bezos and Peter Thiel, involves seeking opportunities where the potential gains far outweigh the possible losses. This strategy enables bold decision-making while minimizing exposure to significant failures.

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Understanding Asymmetric Bets

• Definition:
  An asymmetric bet is a strategic decision where the potential upside is substantially greater than the downside risk. This approach allows individuals and organizations to pursue high-reward opportunities without jeopardizing overall stability.

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Examples in Practice

• Jeff Bezos and Amazon Web Services (AWS):
  Bezos invested in AWS when cloud computing was still emerging. The potential upside—a trillion-dollar business—vastly outweighed the moderate research and development costs, exemplifying an asymmetric bet.

• Peter Thiel's Investment in Facebook:
  Thiel's early $500,000 investment in Facebook transformed into a multi-billion-dollar return, showcasing the immense potential of asymmetric bets in venture capital.

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Implementing Asymmetric Bets

1. Identify Opportunities with High Upside and Low Downside:
   Seek situations where the potential benefits are disproportionately higher than the risks involved.

2. Evaluate the Risk-to-Reward Ratio:
   Assess scenarios where even a small probability of success can lead to substantial rewards, justifying the risk taken.

3. Diversify Bets:
   Spread resources across multiple asymmetric opportunities to increase the likelihood of significant returns while mitigating individual risks.

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Action Step

Identify a decision or project where the potential upside is considerable and the downside is limited. Take action on this opportunity today, leveraging the principle of asymmetric bets to maximize success while minimizing risk.

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By adopting this mindset, you position yourself to capitalize on transformative opportunities that can lead to substantial growth and innovation.

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@ 60d17aca:3d6671c6

잘 보내지나 시험해본다.

@ fb08144a:c9ced3f4

Print hello world

@ b581c912:7df8270f

Fui abordado por um colega e ele me falou de forma bastante enérgica sobre o projeto Pi Network, após uma breve conversa resolvi dar crédito e estudar sobre a solução proposta.

Tentei ser imparcial e fui direto no site “oficial” (🤔) onde encontrei dois Whitepapers (referência 1), um de 2019 e outro de 2021. Decidi então fazer a leitura pela documentação oficial, tentar não me influenciar mais do que já sou influenciado (como um Bitcoiner Maximlista que acho que sou).

Infelizmente não tive condições de terminar os dois documentos, no capítulo “Pi – Token Supply” de 2019 já deixa claro de forma matemática que Pi Network é uma pirâmide, e como até aquele momento não consegui resposta se o processo de recompensa da rede tinha sido atualizada, eu decidi não gastar mais meu tempo de vida estudando sobre o protocolo.\ \ Deixo aqui as anotações que fiz até onde tive condições de ler. Por favor, sinta-se à vontade para contra-argumentar caso você tenha entendido o protocolo de forma diferente, ou assim como Satoshi “If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”.

De forma bastante resumida, esta é minha conclusão:

Pi Network é uma pirâmide declarada na sua própria documentação oficial. Infelizmente, mais uma shitcoin.

Vende a ideia de descentralização e justiça, mas não tem nada descentralizado e muito menos justa, usando da falácia argumentativa e frases de efeito tenta vender sua pirâmide financeira.

(OBS: os primeiros capítulos do Whitepaper de 2019 são concentrados em atacar o Bitcoin e seu ambiente, mas sem a coragem de pelo menos descrever corretamente como o ambiente funciona. Soltando verdades pela metade leva o leitor a achar que o ambiente do Bitcoin é malicioso e precisa de ‘melhorias’)

1. Introduction: Why cryptocurrencies matter

2. Traz alguns argumentos para validar a existência do Pi Network, cita falhas do sistema fia, mas não citou o maior problema: Inflação e/ou impressão de dinheiro;

3. Securing Distributed Ledgers (Mining)

4. “This process (Bitcoin mining) is very secure, but it demands enormous computing power and energy consumption as users essentially “burn money” to solve the computational puzzle that earns them more Bitcoin. The burn-to-reward ratio is so punitive that it is always in Validators’ self-interest to post honest transactions to the Bitcoin record.”

5. Aqui é descrito como se a base da “Prova de Trabalho” fosse punitiva “burn-to-reward”, quando na verdade  é completamente o contrário: meritocracia total. Trabalhe de forma justa, com dados reais, não tente burlar o sistema e você será recompensado, não importa quem você é ou de onde você vem. Seja justo, trabalhe e seja recompensado.

6. Problem: Centralization of power and money put 1st Generation Cryptocurrencies out of reach

7. O capítulo inteiro é focado em criticar o PoW, sendo que PoW + ”algoritmo de consenso” é a base da solução do problema do “General Bizantino” em um sistema descentralizado. Usando argumentos de ‘excesso de consumo de energia’ e outros para causar desprezo à tecnologia.

8. O Bitcoin é o mercado mundial que mais usa energia renovável. Em 2022 tinha um total de 56% de toda a rede de mineração rodando sobre energias renováveis (2). No Brasil temos algumas empresas que atuam em reutilização de energia renovável para mineração de Bitcoin (3).

9. A Simplified Introduction To Consensus Algorithms

10. A explicação desse capítulo ficou MUITO vago, deixando a entender que o que o minerador coloca no bloco é válido como dado real. Quando na realidade isso não é verdade: o minerador (Mining Node) realmente precisa fazer cálculos computacionais e quem achar o bloco ganha o direito de enviar essa informação para os Nós (“validation” nodes, se é que eu posso chamá-los assim), então os Nós é que vão decidir de forma descentralizada se aquele bloco é válido ou não, caso não seja, recusando o bloco e aceitando o próximo bloco válido.

11. A Simplified Introduction To Stellar Consensus Protocol

12. Este capítulo já começa reforçando a falácia anterior “Pi uses the other type of consensus algorithms”, tentando reforçar que o mecanismo de consenso do Bitcoin é inseguro ou custoso, sendo que no capítulo anterior eles misturaram a prova de trabalho (mineração) com a validação dos blocos, que é realmente o “consensus algorithms”, ou seja, o argumento utilizado aqui é nulo, não fazendo sentido além do de tentar levar o leitor a menosprezar a solução do Bitcoin.

13. “One major criticism of BFT (Byzantine Fault Tolerance) is that it has a centralization point: because voting is involved, the set of nodes participating in the voting “quorum” are centrally determined by the creator of the system in its beginning.”

    1. Não sei qual BFT exatamente eles estão criticando aqui, mas certamente não é o Bitcoin. Os Nós (“validation” nodes) não são centralmente especificados, qualquer um pode entrar como um nós validador e fazer parte da validação dos blocos, rejeitando aqueles que considera não verdadeiros por N motivos. O sistema de consenso do Bitcoin é feito por %, se 51% dos nós validadores aceitam o bloco (minerado pelo nó minerador) aquele bloco é então visto como válido. Se 51% rejeitam, aquele bloco é rejeitado por toda a rede.

14. Pi’s Adaptations to Stellar Consensus Protocol (SCP)

15. “For example, once a week, the stellar network is using it to compute inflation on the stellar network and allocate the newly minted tokens proportionally to all stellar coin holders (Stellar’s coin is called lumens). In a similar manner, the Pi network employs SCP once a day to compute the network-wide new Pi distribution across all Pi miners (pioneers, contributors, ambassadors, nodes) who actively participated in any given day. In other words, Pi mining rewards are computed only once daily and not on every block of the blockchain.” 

    1. Aqui está deixando claro a centralização da recompensa? Não ficou muito claro, mas me parece que a recompensa é mantida em um wallet temporária (controlada por quem? pelo ambiente? Isso quer dizer que a equipe de desenvolvimento controla a wallet?) e distribuída no fim do dia. Qual o nível de transparência desse processo? É possível analisar tudo capital armazenado, de onde veio, para onde está indo, quanto foi para cada ‘mão’?.

16. “Mining pools are not only points of centralization, but also their operators get cuts reducing the amount going to individual miners.  In Pi, there is no need for mining pools, since once a day everyone who contributed get a meritocratic distribution of new Pi.” 

    1. Aqui reforça a solução centralizada que eles mesmo acabaram de criticar. Se meus fundos vão ficar na mão da “Pi Network” que seja 1 dia apenas, então eles estão centralizando os incentivos.

17. Pi Economic Model: Balancing Scarcity and Access

18. Inverted Means Uneven

    1. Bem vindo à meritocracia, bem vindo à prova de trabalho, bem vindo à vida real. Quem viu a qualidade e futuro na solução XYZ e gastou seu próprio tempo entendendo, aprendendo e se especializando, consequentemente ganha mais. Isso não quer dizer que quem está entrando agora não ganhe ou esteja “burning more energy for less bitcoin”, eles entram agora sabendo que a recompensa é menor e que o trabalho está mais difícil, mas mesmo assim acreditam no potencial da solução.

19. Hoarding Inhibits Use As A Medium Of Exchange

    1. É necessário entender a história do dinheiro. Qualquer dinheiro precisa primeiro passar pelo processo de “reserva de valor” https://miro.medium.com/v2/resize:fit:1400/1*7-2w9CZn8yVeO31SmBQqow.png 

    2. Abstrairei aqui as camadas 2: Lightning, LIquid, Ark e etc, que já são usadas há alguns anos justamente para resolver o problema de “apenas reserva de valor e não moeda de troca”

20. The Pi Economic Model

21. Aqui temos um grande problema: levando em consideração que os fundos diários serão centralizados em uma ‘carteira temporária’ (isso foi especificado no capítulo “Transaction fees”, sem especificar quem ou o que controla essa carteira) , e unindo isso com a ‘distribuição justa’ e o fato de que eles querem ‘garantir que grandes quantidade de Pi não sejam concentradas em poucas mãos’, me vem a pergunta: quem decide o que é justo? Quem decide a distribuição justa? Quem decide o quanto é “grande quantidade”?

22. Pi – Token Supply

23. M=∫ f(P), uma função logarítmica decrescente, onde P é a quantidade de participantes. Resumidamente: M paga menos a cada novo integrante na rede

24. R=(r*M), onde a distribuição por novo membro acontece com 25% para o indicado (novo membro) 25% para o indicador (o membro que indicou) e 50% distribuído para o resto da rede
25. D=t*(M+R), remuneração dos desenvolvedores. Fixando t=25% de cada Pi token gerado
26. Acredito que a fórmula final pode ser traduzida como: (∫f(P)dx)⋅(1+r)⋅(1+t)
27. Tendo em vista esta tradução dissertativa do cálculo de “Token Supply”, é possível considerar que Pi Network é uma pirâmide: a recompensa é distribuída entre ‘indicado’ (novo membro), ‘indicador’ (quem indicou), equipe de manutenção da rede e por fim, o resto da rede. Essa recompensa diminui a cada novo membro na rede, forçando todos a continuar introduzindo mais membros (obviamente novos membros são incentivados com mais afinco para essa atividade, ou seja, se não indicarem mais membros, não ganham mais incentivos)

28. Apesar de existir recompensa através de taxas de transação, essa recompensa traz um grande problema que já foi citado anteriormente: centralização.

29. Outras críticas gratuitas sem nexo(?)

    • Em vários pontos eles só soltam informações soltas sem contexto tentando direcionar o leitor a uma avaliação falaciosa do ambiente do Bitcoin:
    • “While Bitcoin’s process for updating its record is proven (burning energy / money to prove trustworthiness), it is not very user (or planet!) friendly.”
    • Utilizando frases de efeito de um problema inexistente para validar a necessidade da solução proposta. Já é comprovado que o Bitcoin não consome energia em excesso, não é um perigo para o meio ambiente, muito pelo contrário.
    • “Moreover, due to Bitcoin’s lack in the safety guarantee, Bitcoin’s blockchain in rare occasions can be overwritten within the first hour. This means that a user of Bitcoin must wait about 1 hour before they can be sure that a transaction is considered final.”

    • “lack of safety guarantee” leva o leitor a achar que existe um problema de segurança

    • “in rare occasions can be overwritten” se qualquer bloco do Bitcoin for reescrito, então a rede foi hackeada, fim! Não existe forma de reescrever um bloco sem ultrapassar 51% da PoW atual.

30. Stella Core (Stellar Consensus Protocol SCP)

    • A equipe/gestora inicial são sabiamente conhecidos, vou abstrair toda e qualquer argumentação lógica do pq isso é terrível para o sistema.
    • Eles fazem questão de deixar tds os responsáveis pelo protocolo conhecidos https://stellar.org/foundation/team 
    • O David Mazières, autor principal do SCP, parece o Vitalik Buterin, criador da shitcoin Ethereum. Isso não deve ser levado como argumento válido!
    • https://github.com/stellar/stellar-core/tree/master
    • Sim, o protocolo é Open Source, já possui 81 contribuições de pessoas conhecidas e anônimas. Mas o fato de os principais gestores e mantenedores do projeto serem conhecidos cria um grande problema de segurança no protocolo. Em caso de um projeto deste vir a realmente ser útil e financeiramente rentável, basta impor sanções governamentais, processos ‘legais’, prisão ou sequestrar familiares e assim obrigar o protocolo mudar de objetivo/função/código.
    • Pré-mining(?): vários artigos citam ‘pioneiros’ migrando Pi Coin para a main net, ou seja, induz a ideia de pré-mining?

    • https://economictimes.indiatimes.com/news/new-updates/pi-network-coins-62-crash-explainedwhy-it-declined-and-what-it-means-for-crypto-enthusiasts/articleshow/118442880.cms?from=mdr

    • https://cointelegraph.com/explained/pi-network-mainnet-launch-what-it-means-for-pioneers

    • https://explorepi.info/en/statistic

    • Mas baseado no capítulo do Whitepaper, o capítulo “Pi – Token Supply“ especifica que o grupo de desenvolvedores (que mantém o protocolo) receberá 25% de todos os tokens, sabendo que o número de participantes é fixado em 100 milhões, podemos deduzir que 25% dos tokens foram pré-minerados para o grupo de desenvolvedores.

    • Transparência e KYC

    • Apesar da teórica descentralização da mineração, os nós precisam de KYC, possivelmente armazenado em um servidor central do SCP, apesar de não estar claro como o processo deles funciona, qualquer tipo de centralização e obtenção de dados pessoais levanta extrema cautela.

      • https://www.binance.com/en/square/post/20211503293737 
      • https://www.reddit.com/r/PiNetwork/comments/1isjnve/issue_with_kyc_on_pi_network_after_reinstalling/
      • https://coindcx.com/blog/crypto-news-global/pi-network-kyc-deadline-and-mainnet-launch/ 
        • Possui equipe formalmente organizada
        • Equipe de marketing

    • Fundação bem organizada

    • Hierárquica interna

\ O artigo se chama "(quase) Análise" justamente por que não tive condições de terminar os dois documentos.

[1] https://minepi.com/white-paper/#original-whitepaper 

[2] https://www.bitstamp.net/en-gb/learn/crypto-101/bitcoin-energy/#:\~:text=Bitcoin%20and%20clean%20energy,use%20was%20closer%20to%2040%25. 

[3] https://br.cointelegraph.com/news/bitcoin-mining-renewable-energy-transitionhttps://brasilbitcoin.com.br/blog/a-evolucao-da-mineracao-sustentavel-de-bitcoin/https://www.infomoney.com.br/onde-investir/mineracao-de-bitcoin-pode-ajudar-a-reduzir-energia-ociosa-no-brasil-diz-estudo/

@ 4898fe02:4ae46cb0

Posted Feb 28, 2025  Updated Feb 28, 2025

By Fionn O'Nymm

3 min read

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Fulfilling P2P Electronic Cash

Bitcoin only begins to fulfill the vision of bitcoin being a P2P electronic payment network when people actually use it to transact. Unschooled is positioning itself to realize some of the potential for which Satoshi Nakamoto had originally imagined it would be used.

Tech-savvy educators across the globe are uniquely positioned to be using bitcoin for transacting and selling their service online, free from jurisdictional constraints offered so magnanimously by our dear governments. Influencers, bloggers and programmers alike have already been able to plug into Bitcoin and Lightning for transmitting value around the globe, and Unschooled wants to push educators down the same stream.

So what makes the field of P2P Education so well-suited to transact using Bitcoin and Lightning?

1. Educators have one foot in both worlds

If you are a developer or influencer, you may already be transacting adversarially using Bitcoin or Lightning–but where are the Educators? Well - more often than not, they still have one foot in the ‘meat space.’ Be not mistaken, this is a strength. Educators, like Hermes from the Greek pantheon, are conduits between worlds. This makes them experts in bridging gaps in understanding as is so desperately needed for onboarding new freedom-minded users to bitcoin. And since they are, more often than not, end-users themselves, they have an intimate understanding of the user experience in a a way that others do not. Let’s help educators in becoming among the first beneficiaries of the global P2P market of our information age.

2. Great learners make great educators

Those who have spent the most time learning the ins and outs of how technology works become the best at explaining it to new users. One day, we can hope, the experience of decentralized payment networks will become so intuitive that we no longer rely on educators to explain it to people. It will become second-nature, and the focus of rendering educational services exogenous to the new economic reality can begin to take place. Those who have the most to share will be teaching those who are the most eager to learn. The Unschooling experience seeks to help in un-doing the malaise brought about by the economic-educational complex of governments.

3. Government issued education sucks

Leave teachers to teach, and they will change the world. Those who are capable of designing and marketing quality lessons ought to be able to enter their talent to be offered in the free market.

4. Ship it instantly

Like developers and influencers, educators have a product that can be shipped instantly across the globe with minimal energy output. Unschooled is a home for their product. There are many ways in which you may go about this (using these recommended tools, for example); you are only limited by what you can imagine.

5. Nothing can replace a mentor-student relationship

AI can do many things, but what it cannot do is replace the human-connection that can exist between a mentor and student. It cannot invite you to your hometown for coffee, attend a conference or event with you, meander off into tangents with you about what it means to be alive (well, maybe almost) like the way a great mentor can. In education, AI will make for a magnificent game-changer, but there’s nothing like great teachers.

@ 2e8970de:63345c7a

Atlanta Fed is now projecting Q1 GDP -1.5%. Last week it was +2.3%. 4 weeks ago it was +3.9%

https://x.com/AtlantaFed/status/1895508046215852476

originally posted at https://stacker.news/items/899962

@ 6fac7d89:9d76f561

With the price of Bitcoin having gone significantly up over the past few months (I wrote this about a month ago to post on Stacker News), I imagine interest in acquiring it has gone up as well. As such, I'm here to share with you every method I use to stack sats so that we can all HODL more. While the majority of my experience in regards to phone apps is on Android, some of the apps mentioned may work on iPhone as well (I just got an iOS based device and intend to discover methods on there as well with time) so links provided will be the Play Store or my referral links. Some of the referral messages have included Apple App Store links by default so I've left them in.    

Bitcoin Education:   First and foremost, I think that anyone seeking to acquire BTC should learn about it. From how it works, to how to acquire and then store it. As such, this first category I'm covering is for BTC education resources that also reward you with satoshis for your learning progress.  

Yzer: Probably my favorite app in this category as it covers more than the others mentioned in greater depth. While the other apps do cover some aspects of the history of money, economics, and investing/finance, this one really delves into it to offer the most robust education of the bunch. I didn't even know about Austrian economics until going through the lessons provided here, and it boasts the most lessons of this category as well. Each section is divided into chapters containing a few lessons and an end-of-chapter quiz, and you have a chance of earning a few satoshis upon completion of a lesson or quiz.

Use my referral code to earn an extra 50 sats upon reaching level 2: KAB4ZKD https://play.google.com/store/apps/details?id=io.wizzer.academy&pcampaignid=web_share  

Simple Bitcoin: This app can be breezed through in regards to the lessons offered, allowing you to complete the learning aspect of it pretty quickly. Instead of rewarding sats outright for completion of lessons, this app rewards you with tickets you can spend to spin a wheel to earn small amounts of sats. Where this app shines is that while Yzer stops rewards when all lessons are completed, Simple Bitcoin has a news section where articles from outside sources are summarized, and reading them earns you more tickets. There is a limit to how many articles/day you can read unless you pay for premium, however, which also increases the reward amounts feature on the prize wheel.

https://simplebitcoin.page.link/ozJaD6uCaUyscYWy6  

Jippi: The newest of the bunch in this category, Jippi is still in its earlier stages of development and thus is the least robust. This one works a little differently as, for the time being, you need to complete all available lessons to earn a lump sum reward of 200 sats. Unlike the other educational apps, this one offers audio lessons to listen to for completion alongside the usual texts to read. While still in development, they plan to release a feature called "Tribe Clash" which they describe as "Pokemon Go for Bitcoin".

https://play.google.com/store/apps/details?id=com.jippiApp.jippi.prod&pcampaignid=web_share    

Buying Bitcoin: So now you know about Bitcoin, but how can you buy some? While there are many crypto exchanges that offer BTC, this bitcoin-only service offers a more robust experience in regards to BTC and the purchase of it.  

Swan: While Swan allows you to buy BTC outright or via recurring buy (DCA), it has some additional interesting features and offerings as well. Their learn section allows you to further educate yourself on various aspects of bitcoin and perspectives on it, and they even offer a Bitcoin IRA (either Traditional or Roth) for those interested in such a service. The caveat to the IRA is that you'll be entrusting them with your BTC instead of having full custody and responsibility of it yourself.

Use my referral link and get $10 of BTC: https://www.swanbitcoin.com/MF_MOON    

Cash-Back: The next category I'll be covering is cash-back options, be they via spending with a certain card or using apps/extensions to earn sats on your purchases. Because if you're going to spend money anyways, why not try to get some of that money back in sats for your stack?  

Satsback: This browser extension works pretty similar to other cash-back extensions if you've ever tried them: if you're on a site which the extension offers cash-back on, a pop-up to activate it will appear. Make sure to have adblockers and (possibly) your VPN disabled before activating to ensure you get your reward (I suggest you do this for any similar extensions mentioned below as well).

https://satsback.com/register/k524KP0olqLX19Ov  

Fold Debit Card: Fold has several options that allow you to earn sats, one of which is the option to buy gift cards to popular retailers like Amazon, Google Play, Home Depot, Bass Pro Shop, AirBnB and more and earn sats back on the purchase. You can earn even more sats back by paying for these gift cards with their debit card, which needs to be pre-loaded to use, but using another card will still earn you sats, albeit at a lower rate. If you do have their debit card and opt for their premium service, Fold+, you can also earn 1.5% back on all purchases made with said card. Fold+ even offers you cash back on paying bills with the account and routing numbers they provide, though you need to hit certain spending thresholds in the prior month to be eligible for this feature. The app also offers a daily spin to earn small amounts of sats, with higher amounts including a whole Bitcoin locked behind the premium membership. Depending on your average spending and bills, this could be worth it though.

https://use.foldapp.com/r/3RHW4FUJ  

CoinMiles: CoinMiles is like SatsBack in the sense that it lets you earn cash-back in bitcoin via online retailers within their app (similar to Lolli below) with the added feature of cash-back in sats on the purchase of gift cards as well, similar to Fold.

Using my referral code will earn us both 5000 sats. https://coinmiles.onelink.me/90Pp/96f2tati  

Gemini Credit Card: Crypto exchange Gemini offers a credit card that offers some pretty nice rewards for using it, which has become my go-to method of spending at this point. Allowing you to choose from every crypto asset they offer for your cash-back rewards, you can earn in more than just Bitcoin with this card. The rewards rates are as follows: 4% back on gas at the pump and EV charging, 3% back on dining, 2% back on groceries, and 1% back on everything else. They also have "Merchant Reward Offers" in which they offer a higher rate in cash back on top of the default rate for the category the merchant falls under, I've gotten a total of 8% back at a local brewery using this as it automatically applies if you use the card at said locations. Rewards are issued and credited to your Gemini accounts instantly upon making said purchase. The one issue I take with the exchange is that without lightning integration, BTC withdrawal fees can get steep. As a result, I opt to earn in another asset with lower withdrawal fees and swap said asset for BTC via an external swapping service.

If you choose to purchase assets directly via the exchange as well, using my referral link can earn you referral rewards that scale with how much crypto you purchase with them: https://www.gemini.com/share/wwm6w8a3e  

Lolli: Boasting both an app and a browser extension, Lolli offers not only cash-back similar to SatsBack, but also card boosts, which reward you for paying with a linked credit or debit card in stores they offer. Simply activate the boost before paying with your linked card to earn cash-back in sats, or when shopping online, activate cash back via a pop-up from the browser extension or clicking the retailer within the app to be directed to their site. Similar to Fold, the app features a daily way to earn small amounts of sats.

https://lolli.com/share/T2r2NYSr7A  

Bitcoin Company Rewards: Another app that allows you to buy gift cards and earn sats back on the purchase, this one has the standout option of offering Visa gift cards within the US to earn a small amount of sats back on, among many other card offerings.

Use my referral code to earn 1000 sats to start. Referral Code: O30WN3 https://play.google.com/store/apps/details?id=com.tbtc_app&pcampaignid=web_share    

Social Media: These next two are, in my opinion, the future of social media, and you can earn on them too!   Stacker News: Reddit meets Hacker News on this site, which encourages quality content through the implementation of the lightning network and satoshis. You don't have to be signed up to browse and read content on here, but you should be, and you should use my referral link to do so!

https://stacker.news/r/MF_MOON  

Nostr: This one can be a little tougher to describe, but I'll do my best. Nostr is a social media platform that operates on an open-source protocol that supports of variety of applications or "clients" utilizing a unique public and private key pair. Connections can be maintained across clients, which are often made to emulate the more well-known social media services out there. It can be daunting to get into at first, and requires some involvement as there are no built-in algorithms (though devs are starting to provide ways to implement some for discoverability) but it boasts a great community. Users can "zap" each other sats for content they like, and it's integrated with a number of other services at this point including Fountain and Wavlake (see below).

Feel free to follow me on there: https://njump.me/nprofile1qqsglhkx0ey8pdac9ne4w9m4tzglpv2tkl8tvuyc9dzgyrgj07lk42ccwtvy9    

Music & Podcasts: Want to earn sats for offering up your ears while doing other things? With these apps, you can enjoy your favorite podcasts and discover new music to earn sats as you listen.   Wavlake: While this app allows you to listen to promoted songs to earn a few sats each day, it also offers you the ability to earn sats on your own music and podcasts that you upload to the service. If people listen to your content via the service and like it, they can send you sats, along with feedback and other comments. There is a flat fee of 10% of all earnings for creators, but it's another way to get your content some exposure and possible earn some sats along the way!

https://wavlake.com/    

Cloud Mining: The next section I'll be covering is a bit of a dicey topic as some consider it to be scam. While I agree that paying for cloud mining is absolutely a scam, the services I'll be mentioning here offer free options that offer low earnings but only require a daily check in that I do all at once. While I can't tell you how to spend your money, I HIGHLY suggest you avoid spending any money on higher mining rates and spend that money on BTC directly instead.   Bitcoin Mining (Crypto Miner): This one offers you 2 free "mining contracts": 1 that you can claim every 8 hours, and another that serves as a daily check-in reward for checking in consistently, as rewards increase the longer your check-in streak is. Claiming contracts involves simply tapping the corresponding claim button, so I usually claim the 8 hour contract 2 times a day and the daily one when I go to make the 2nd 8 hour claim. Your free earning rate can be increased by watching ads for a temporary boost if you so desire as well.

You can get an extra 10% in earnings using my referral link. https://cloudminecrypto.com/?invite_code=R0yMgkOEmEajYvD6 or download the app and add my invite code R0yMgkOEmEajYvD6 directly.  

Bitcoin Mining: This one is pretty similar to the previous one, but the free 8 hour mining option can only be activated once per day even if it's finished, unlike the other one. Similar to the prior app, you can watch ads to boost mining rate if you so desire. A nice feature of this one is that it integrates popular lighting wallets including Speed, ZBD and Muun for more seamless withdrawals.

My invitation code:5UHLF Appstore: https://apps.apple.com/us/app/id6503180820 Google play: https://play.google.com/store/apps/details?id=bitcoin.minning.com  

Ember: While this started off as a regular mining app on which you check in once a day, they've changed their model up a bit recently: you now earn "bonus sats" which must be gambled in games, and the sats earned from said games are then withdrawable. Essentially, you have to convert your earnings via a gambling game of some sort to make them eligible for withdrawal, with the risk of losing them along the way. However, this one earns the most in this category by far, especially if you have a network of friends to mine with as this affords you increased earning rates.

Referral Code: MNGCC33WRON https://emberfund.onelink.me/ljTI/l4g18zii?mining_referrer_id=MNGCC33WRON  

Games: Here we have games that offer BTC as rewards for paying in small amounts. While they won't earn you a ton, they're nice little time-killers to earn you sats on the side.  

ZBD: While technically a lightning wallet, the following app are powered by ZBD wallet, so you'll want to install this to claim your earnings from them. ZBD offers a variety of ways to earn should you choose to dabble in them, from completing surveys to watching videos to trying out games that allow you to earn from play time. The options I personally opt for are their daily poll and playing the next game listed below, as it allows you to earn without a "time-gated" mechanic: if you build up your game to a certain point and will allow you to earn more rapidly than any others I've tried. But see what games they offer and if you find them fun, go for it!

Referral Code: PEXE52 https://zbd.link/hcHi/invite?af_sub1=PEXE52  

Bitcoin Miner: Being an idle game, this one has a slow start but with a little dedication, can become one of the quickest and most consistent earners in this category. The daily withdrawal limit is unfortunately 330 sats, but when you're maxed out in the current state of the game, you can earn this within 3.5 resets, each of which takes me under minutes to max out with the right strategy and which can be done once every 30 minutes. A one-time purchase of $11.99 will remove all ads, which in my opinion is worth it as you can earn $10/mo in BTC with this game. Using my referral code will net you some of the premium in-game currency to get you started off nicely.

Referral Code: 8H44HB Google Play: https://play.google.com/store/apps/details?id=com.fumbgames.bitcoinminor&pcampaignid=web_share Apple App Store: https://apps.apple.com/us/app/bitcoin-miner-idle-tycoon/id1413770650  

THNDR Games: THNDR is a developer that offers a few different games you can play to earn tickets in timed drawings to earn sats, and with your tickets across their games pooling up in a single grand total for the prize drawing when the time comes. I personally find their game "Bitcoin Bay" (a bubble popping game) to be the one that strikes the best balance of fun and earning potential, so its the only one I keep on my phone (I don't want to be playing games on my phone much in my day as it is) but it's really a matter of personal preference which game of theirs you want to play. A nice feature here is that they integrate with lightning wallets including ZBD, Speed, and Strike among others.

https://bitcoinbay.thndr.games/r/tdhP  

Bling: Bling is a developer that makes a number of "match" games a la Candy Crush that allow you to earn in BTC and some of which offer earnings in other crytpo assets as well. I personally play their game "Sweet Bitcoin" as I find it to be the most visually appealing, but they all appear to earn at the same rate in my experience. The on caveat to these games is that it has an "energy" system similar to Candy Crush which allows you to play a limited number of games as a time-gating mechanism until you "recharge" plays. For this reason, if this is your preferred type of game, you may want to download more than one of their offerings to be able to earn more in less time. Their games offer withdrawals that integrate CoinBase, Lightning options ZBD and Strike, and PayPal (but only in USD for this option).

https://bln.gg/1NC-CQX-JDK  

Earn While You Browse: This last one is an extension on your browser that allows you to earn sats as you browse the web.

Slice: This browser extension adds small ads to sies you visit as you browse, paying you for the respective views. They also offer the option to change your new tab page & default browser for additional earnings, as well as a desktop app to display ads in the bottom right of your screen for even more opportunities to earn. The only downside to this is that your VPN must be turned off, and earnings are made in "slices" which must then be converted to sats.

https://addslice.com/?crew=FjVuNqgg    

And there you have it folks, every single method I use to accumulate sats/BTC all in one quick read for your convenience. Given that I've recently also joined the iOS eco-system, I intend to explore that side of earning apps as well, so let me know if any of you want me to share what I find after I spend some time with it, or if you recommend any apps I should check out. I also have methods of earning other coins in passive or semi-passive ways that I then convert into BTC and am happy to share if interest is expressed, or even ways I earn USD in such ways. Feel free to follow me on Nostr (link mentioned above) and to share the ways you earn sats on the side that I may have missed. Stay humble and keep stacking!

@ 6260f29f:2ee2fcd4

@ 54609048:8e22ba03

The recent $1.4 billion Extended Fund Facility (EFF) agreement between the International Monetary Fund (IMF) and El Salvador marks a significant turning point in the nation's economic and monetary policy. The IMF’s $1.4 billion “lifeline” is a sly Trojan horse, gutting El Salvador’s sovereignty and kneecapping its 2021 Bitcoin law— which represented a bold step toward monetary freedom and economic self-determination— all to prop up the same economic mess it pretends to fix. Brilliant, right?

The IMF’s Colonialist Agenda: A Historical Precedent

In 2021, El Salvador made history by adopting Bitcoin as legal tender, positioning itself at the forefront of financial innovation and offering its citizens an alternative to the U.S. dollar. This move was a bold step toward monetary independence and as a pathway toward individual financial sovereignty by reducing remittance costs for Salvadorans and bypassing the predatory international banking system. By making Bitcoin legal tender, El Salvador was taking steps to free itself from financial colonialism.

The IMF’s response to El Salvador’s Bitcoin law was predictably hostile from day one. The institution repeatedly warned of the “risks” associated with Bitcoin, framing it as a threat to financial stability rather than a tool for economic empowerment. Hypocrisy drips from every word—the IMF’s own debt traps and inflationary schemes have fueled the chaos it now “rescues” El Salvador from. The Bretton Woods institution has long been the enforcer of the global financial elite, ensuring that nations remain shackled to the U.S. dollar-dominated system. Through predatory loans and stringent conditions, the IMF perpetuates economic subjugation. Now, facing pressure from these same institutions, El Salvador finds itself caught in the classic IMF trap: accepting loans with strings attached that further cement dependency.

This aid package isn't a solution to El Salvador's problems; it's leverage to force compliance with the global banking cartel's agenda. Under the IMF agreement, El Salvador has been compelled to amend its Bitcoin law, revoking Bitcoin's status as legal tender and making its acceptance by businesses voluntary. Additionally, tax obligations must now be settled exclusively in U.S. dollars. This gut-wrenching retreat from its bold Bitcoin rebellion represents a diabolical masterpiece of oppression—stripping citizens of financial freedom and forcing them to forever bow before the fiat gods.

**Why the IMF Must Destroy Bitcoin’s Medium of Exchange Use Case ** To understand why the IMF is so determined to undermine Bitcoin’s role as a medium of exchange in El Salvador, it’s important to revisit the fundamental nature of money. The widely cited “three functions” of money—medium of exchange, store of value, and unit of account—are often misunderstood. These are not rigid definitions, but empirical observations of how money functions in practice.

Money is, first and foremost, the generally accepted medium of exchange. The other functions tend to follow, but they are not exclusive to money. For example, gold can serve as a store of value but is no longer a commonly accepted medium of exchange, and other commodities can also act as units of account, but neither is money unless it is widely accepted as a medium of exchange. Bitcoin’s rise as a store of value (akin to “digital gold”) is not as threatening to the fiat system as its potential to function as a widely accepted medium of exchange. A strong store of value can exist within a system that is still dominated by fiat currencies.

If Bitcoin were to become a dominant medium of exchange, it would directly challenge the monopoly of central banks and the control that institutions like the IMF exert over global financial systems. That is why the IMF’s primary goal in El Salvador is not necessarily to stop Bitcoin’s adoption altogether but rather to strip Bitcoin of its medium of exchange function, thus effectively relegating Bitcoin to a speculative asset or store of value.

Furthermore, this Bitcoin experiment was the first real-world test of Bitcoin as a medium of exchange at the nation-state level. If it had succeeded, other countries—especially those in the Global South struggling with inflation, currency devaluation, and IMF-imposed austerity—might have followed suit. The IMF couldn't afford to let that happen. By neutralizing Bitcoin's role as money, it ensures that alternative financial systems do not gain traction outside the fiat-based global order. In other words, as long as Bitcoin can't be used freely as a medium of exchange, it cannot fulfill its role as money, and the fiat gods' grip on the global monetary system remains unchallenged—at least for now.

The $1.4 Billion Faustian Bargain

El Salvador’s decision to seek IMF funding is a reflection of the immense pressure it faces from global financial markets and institutions. The country’s high debt levels and weak external buffers are, in large part, a consequence of its integration into a global financial system that prioritizes short-term capital flows over long-term economic stability. By accepting the IMF’s terms, El Salvador has effectively traded its sovereignty for temporary financial relief.

What is even more surprising is that El Salvador had an alternative to this Faustian bargain: the issuance of Bitcoin bonds. While initially proposed as a way to finance Bitcoin City and geothermal Bitcoin mining infrastructure, the volcano bonds the country could have raised the $1.4 billion needed without sacrificing its monetary sovereignty. This represents a missed opportunity for El Salvador to bolster its financial independence, attract global capital, and solidify its position as a pioneer in the adoption of decentralized money.

Instead of falling back into the IMF’s debt trap—complete with austerity measures, restrictions on Bitcoin use, and financial surveillance—El Salvador could have embraced a Bitcoin-native financial strategy that aligned with its long-term vision of economic independence. So why didn't El Salvador go through with the Bitcoin bond issuance? I don't know, but if I were to speculate, I would say the answer likely lies in political and institutional inertia, coupled with external pressures from the IMF and its allied institutions, or worse. If El Salvador had raised capital through Bitcoin bonds, it would have sent shockwaves through the financial world, proving that a nation-state could operate independently of the IMF.

The Long-Term Consequences for El Salvador

While the IMF’s program may provide short-term relief, its long-term consequences are likely to be detrimental to the Salvadoran people. The emphasis on fiscal consolidation and debt reduction will inevitably lead to cuts in public spending, particularly in areas such as social services and infrastructure. These measures will disproportionately affect the most vulnerable segments of society, exacerbating inequality and undermining the country’s social fabric.

Moreover, the IMF’s focus on “strengthening governance and transparency” is a thinly veiled attempt to impose external control over El Salvador’s domestic policies. The requirement to enhance Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) frameworks, while ostensibly aimed at combating illicit activities, will likely be used to surveil and restrict the financial activities of ordinary citizens. This represents a gross violation of individual rights and a further erosion of economic freedom.

Conclusion

The IMF's $1.4 billion arrangement with El Salvador represents not economic salvation but a calculated reassertion of control. By forcing El Salvador to retreat from its Bitcoin initiative, the IMF is protecting the very system that has kept developing nations financially subjugated for decades. For Salvadorans, this means their bold experiment in monetary sovereignty has been curtailed, not by market forces or technological limitations, but by the deliberate intervention of the guardians of the old financial order.

Those who believe in true financial freedom must recognize this for what it is: not assistance, but suppression; not aid, but control. The battle for monetary sovereignty continues, and despite this setback, Bitcoin's promise of financial liberation remains as vital as ever—not just for El Salvador, but for all those seeking escape from the oppressive machinery of central banking

@ b2d670de:907f9d4a

onion-service-nostr-relays

A list of nostr relays exposed as onion services.

The list

| Relay name | Description | Onion url | Operator | Payment URL | Payment options | | --- | --- | --- | --- | --- | --- | | nostr.oxtr.dev | Same relay as clearnet relay nostr.oxtr.dev | ws://oxtrdevav64z64yb7x6rjg4ntzqjhedm5b5zjqulugknhzr46ny2qbad.onion | operator | N/A | N/A | | relay.snort.social | Same relay as clearnet relay relay.snort.social | wss://skzzn6cimfdv5e2phjc4yr5v7ikbxtn5f7dkwn5c7v47tduzlbosqmqd.onion | operator | N/A | N/A | | nostr.thesamecat.io | Same relay as clearnet relay nostr.thesamecat.io | ws://2jsnlhfnelig5acq6iacydmzdbdmg7xwunm4xl6qwbvzacw4lwrjmlyd.onion | operator | N/A | N/A | | nostr.land | The nostr.land paid relay (same as clearnet) | ws://nostrland2gdw7g3y77ctftovvil76vquipymo7tsctlxpiwknevzfid.onion | operator | Payment URL | BTC LN | | bitcoiner.social | No auth required, currently | ws://bitcoinr6de5lkvx4tpwdmzrdfdpla5sya2afwpcabjup2xpi5dulbad.onion | operator | N/A | N/A | | relay.westernbtc.com | The westernbtc.com paid relay | ws://westbtcebhgi4ilxxziefho6bqu5lqwa5ncfjefnfebbhx2cwqx5knyd.onion | operator | Payment URL | BTC LN | | freelay.sovbit.host | Free relay for sovbit.host | ws://sovbitm2enxfr5ot6qscwy5ermdffbqscy66wirkbsigvcshumyzbbqd.onion | operator | N/A | N/A | | nostr.sovbit.host | Paid relay for sovbit.host | ws://sovbitgz5uqyh7jwcsudq4sspxlj4kbnurvd3xarkkx2use3k6rlibqd.onion | operator | N/A | N/A | | nostr.wine | 🍷 nostr.wine relay | ws://nostrwinemdptvqukjttinajfeedhf46hfd5bz2aj2q5uwp7zros3nad.onion | operator | Payment URL | BTC LN, BTC, Credit Card/CashApp (Stripe) | | inbox.nostr.wine | 🍷 inbox.nostr.wine relay | ws://wineinboxkayswlofkugkjwhoyi744qvlzdxlmdvwe7cei2xxy4gc6ad.onion | operator | Payment URL | BTC LN, BTC | | filter.nostr.wine | 🍷 filter.nostr.wine proxy relay | ws://winefiltermhqixxzmnzxhrmaufpnfq3rmjcl6ei45iy4aidrngpsyid.onion | operator | Payment URL | BTC LN, BTC | | N/A | N/A | ws://pzfw4uteha62iwkzm3lycabk4pbtcr67cg5ymp5i3xwrpt3t24m6tzad.onion:81 | operator | N/A | N/A | | nostr.fractalized.net | Free relay for fractalized.net | ws://xvgox2zzo7cfxcjrd2llrkthvjs5t7efoalu34s6lmkqhvzvrms6ipyd.onion | operator | N/A | N/A | | nfrelay.app | nfrelay.app aggregator relay (nostr-filter-relay) | ws://nfrelay6saohkmipikquvrn6d64dzxivhmcdcj4d5i7wxis47xwsriyd.onion | operator | N/A | N/A | relay.nostr.net | Public relay from nostr.net (Same as clearnet) | ws://nostrnetl6yd5whkldj3vqsxyyaq3tkuspy23a3qgx7cdepb4564qgqd.onion | operator | N/A | N/A | | nerostrator | Free to read, pay XMR to relay | ws://nerostrrgb5fhj6dnzhjbgmnkpy2berdlczh6tuh2jsqrjok3j4zoxid.onion | operator |Payment URL | XMR | | nostr.girino.org | Public relay from nostr.girino.org | ws://gnostr2jnapk72mnagq3cuykfon73temzp77hcbncn4silgt77boruid.onion | operator | N/A | N/A | | wot.girino.org | WoT relay from wot.girino.org | ws://girwot2koy3kvj6fk7oseoqazp5vwbeawocb3m27jcqtah65f2fkl3yd.onion | operator | N/A | N/A | | haven.girino.org/{outbox, inbox, chat, private} | Haven smart relay from haven.girino.org | ws://ghaven2hi3qn2riitw7ymaztdpztrvmm337e2pgkacfh3rnscaoxjoad.onion/{outbox, inbox, chat, private} | operator | N/A | N/A | | relay.nostpy.lol | Free Web of Trust relay (Same as clearnet) | ws://pemgkkqjqjde7y2emc2hpxocexugbixp42o4zymznil6zfegx5nfp4id.onion | operator |N/A | N/A | | Poster.place Nostr Relay | N/A | ws://dmw5wbawyovz7fcahvguwkw4sknsqsalffwctioeoqkvvy7ygjbcuoad.onion | operator | N/A | N/A | | Azzamo Relay | Azzamo Premium Nostr relay. (paid) | ws://q6a7m5qkyonzb5fk5yv4jyu3ar44hqedn7wjopg737lit2ckkhx2nyid.onion | operator | Payment URL | BTC LN | | Azzamo Inbox Relay | Azzamo Group and Private message relay. (Freemium) | ws://gp5kiwqfw7t2fwb3rfts2aekoph4x7pj5pv65re2y6hzaujsxewanbqd.onion | operator | Payment URL | BTC LN | | Noderunners Relay | The official Noderunners Nostr Relay. | ws://35vr3xigzjv2xyzfyif6o2gksmkioppy4rmwag7d4bqmwuccs2u4jaid.onion | operator | Payment URL | BTC LN |

Contributing

Contributions are encouraged to keep this document alive. Just open a PR and I'll have it tested and merged. The onion URL is the only mandatory column, the rest is just nice-to-have metadata about the relay. Put N/A in empty columns.

If you want to contribute anonymously, please contact me on SimpleX or send a DM on nostr using a disposable npub.

Operator column

It is generally preferred to use something that includes a NIP-19 string, either just the string or a url that contains the NIP-19 string in it (e.g. an njump url).

@ c43d6de3:a6583169

Every Sunday, my brother Alex and I would catch the scent of pie creeping from the oven as we chased Ronnie and Ellis around my grandma’s house.

We were good at keeping traditions. Though we eventually outgrew the days of stampeding through Grandma’s living room, her house remained our gathering place. The four of us—Alex, Ronnie, Ellis, and I—would settle on the back porch, the aroma of freshly baked pie still wafting through the air. We’d trade stories about our first crushes, our first kisses, and our dreams for the future, laughing in the warmth of a home that felt eternal.

Alex was the first to leave for college. He never really came back. Four years away, then a big-time job across the country.

Ronnie and Ellis—the twins—left a few years later. They never truly returned, either. Not the same, at least.

A cruel trick of biology had been lurking in the depths of their genes, lying in wait for the right moment to surface. In college, Ronnie was consumed by schizophrenia, while Ellis battled years of depression. They came back home, but they weren’t the same boys I had grown up with. The ones I had once sprinted through hallways with, laughing until our sides hurt, were lost to something none of us could chase down or outrun.

By the time I graduated, the scent of pie had vanished forever. My grandmother’s grave was my last stop before I, too, left town.

I never went back.

People leave in different ways. Some move to another city or another country. Some lose themselves to illness, slipping through our fingers even as they sit beside us. Some find their final resting place. All dearly departed.

What makes their departure so bittersweet is the time we once had with them—the memories we carry, the laughter that still echoes in the corners of our hearts.

That’s life. That’s what makes it worth it.

@ a012dc82:6458a70d

In the dynamic and often unpredictable world of cryptocurrency, the opinions and predictions of financial pundits like Jim Cramer, the host of CNBC's "Mad Money," can significantly sway market sentiments and investor behavior. Cramer, known for his incisive and sometimes controversial market insights, has recently turned his attention to Bitcoin, the leading cryptocurrency. His latest comments suggest a bearish outlook on Bitcoin, which has sparked intense discussions and speculations within the crypto community. This development is particularly noteworthy given Cramer's influence and the weight his opinions often carry in financial circles. His views on Bitcoin are not just idle chatter; they have the potential to shape market trends and influence investment strategies.

Table of Contents

• Cramer's Changing Stance on Bitcoin

  • Historical Perspective

  • The "Reverse Cramer Effect"

• Market Reactions and Speculations

  • Analyzing Past Trends

  • The Role of Bitcoin ETFs

• Implications for Investors

  • Navigating Market Sentiments

  • The Future of Bitcoin

• Conclusion

• FAQs

Cramer's Changing Stance on Bitcoin

Historical Perspective

Jim Cramer's relationship with Bitcoin has been a rollercoaster of changing opinions and stances. Initially skeptical, Cramer warmed up to Bitcoin, acknowledging its potential as an investment asset. However, his recent bearish comments mark a significant shift from his earlier views. This change is intriguing, as it comes at a time when Bitcoin has been showing signs of recovery and gaining mainstream acceptance. Cramer's influence in the financial world means that his opinions are closely monitored and can lead to tangible market reactions. His latest stance, suggesting that Bitcoin is "topping out," has therefore raised eyebrows and led to debates about the future direction of the cryptocurrency.

The "Reverse Cramer Effect"

The phenomenon known as the "reverse Cramer effect" has become a topic of interest among investors and market analysts. This effect, where the market tends to move in the opposite direction of Cramer's advice, has been observed on multiple occasions. For example, after Cramer advised investors to sell Bitcoin in April 2023, the cryptocurrency's price surged, defying his predictions. This pattern has led some investors to view Cramer's predictions as a contrarian indicator. The consistency of this effect raises questions about market psychology and the influence of prominent financial figures on investor behavior. It also underscores the complexity and unpredictability of the cryptocurrency market, where sentiment can often drive price movements more than fundamentals.

Market Reactions and Speculations

Analyzing Past Trends

The market's reaction to Cramer's comments is not just a matter of idle speculation; it has real implications for investors and traders. The "reverse Cramer effect" has been noted not just in the case of Bitcoin but also in other financial markets. This phenomenon suggests a deeper, perhaps psychological, aspect of market behavior where investors might be inclined to react contrarily to prominent predictions. The recent bearish stance by Cramer on Bitcoin thus becomes a focal point for market watchers. If history is any guide, this could very well be an inadvertent signal for a bullish phase for Bitcoin.

The Role of Bitcoin ETFs

The potential approval of Bitcoin ETFs by the SEC is a significant development in the cryptocurrency world. These ETFs would provide a more accessible and regulated avenue for investing in Bitcoin, potentially attracting a new class of investors. The approval of these ETFs could be a game-changer for Bitcoin's price, as it would represent a major step towards mainstream acceptance and institutional investment. The timing of Cramer's comments in the context of these developments adds an interesting dimension to market speculations. If the SEC does approve Bitcoin ETFs, and the "reverse Cramer effect" holds true, we could witness a substantial bull run in Bitcoin's price.

Implications for Investors

Navigating Market Sentiments

For investors, the "reverse Cramer effect" and the potential approval of Bitcoin ETFs present a complex scenario. While it's tempting to base investment decisions on the predictions of market experts, the unpredictable nature of cryptocurrencies requires a more nuanced approach. Investors need to consider a range of factors, including market trends, technological developments, regulatory changes, and broader economic indicators. The case of Jim Cramer's shifting stance on Bitcoin highlights the importance of not relying solely on expert opinions but also conducting independent research and analysis.

The Future of Bitcoin

The future of Bitcoin, as suggested by the recent developments and Cramer's comments, appears to be at a potential turning point. While the possibility of a bull market looms, it's important to remember the inherent volatility and risks associated with cryptocurrencies. The market's response to Cramer's comments, coupled with the potential regulatory advancements like Bitcoin ETFs, could indeed set the stage for significant price movements. However, investors should remain cautious and diversified in their approach, keeping in mind that the cryptocurrency market is still maturing and subject to rapid changes.

Conclusion

Jim Cramer's recent bearish comments on Bitcoin have stirred up a wave of discussions and speculations about the future of this leading cryptocurrency. While his track record suggests the possibility of an upcoming bull market, the volatile and unpredictable nature of the crypto world warrants a cautious approach. Investors should weigh Cramer's opinions alongside other market indicators and conduct thorough research before making investment decisions. As the cryptocurrency landscape continues to evolve, staying informed, adaptable, and prudent remains crucial for navigating the market's ebbs and flows.

FAQs

Who is Jim Cramer? Jim Cramer is a well-known financial expert and the host of CNBC's "Mad Money." He is recognized for his bold market predictions and has a significant influence in the financial world.

What is the "Reverse Cramer Effect"? The "Reverse Cramer Effect" refers to a phenomenon where the market tends to move in the opposite direction of Jim Cramer's predictions. This has been observed particularly in the cryptocurrency market with Bitcoin.

Why are Jim Cramer's comments on Bitcoin important? Cramer's comments are closely followed by investors and can influence market trends. His recent bearish stance on Bitcoin has sparked discussions and speculations about a potential bull market due to the "Reverse Cramer Effect."

What impact could Bitcoin ETFs have on the market? The approval of Bitcoin ETFs (Exchange Traded Funds) by the SEC could significantly boost Bitcoin's price by providing a regulated and accessible investment avenue, potentially attracting more mainstream and institutional investors.

Should investors base their decisions solely on Jim Cramer's predictions? While Cramer's opinions are influential, investors are advised to conduct their own research and consider a range of factors before making investment decisions, due to the unpredictable nature of the cryptocurrency market.

That's all for today

If you want more, be sure to follow us on:

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ d360efec:14907b5f

ภาพรวมการวิเคราะห์ Bitcoin (BTC)

จากการตรวจสอบกราฟและอินดิเคเตอร์ใน Timeframe 15 นาที, 4 ชั่วโมง, และรายวัน (Day) พบว่า Bitcoin มีความผันผวนและมีแนวโน้มการเปลี่ยนแปลงที่น่าสนใจในแต่ละ Timeframe ดังรายละเอียดต่อไปนี้ค่ะ

อินดิเคเตอร์ที่ใช้ในการวิเคราะห์

• EMA (Exponential Moving Average):
  • EMA 50 (สีเหลือง): แสดงแนวโน้มระยะสั้นของราคา
  • EMA 200 (สีขาว): แสดงแนวโน้มระยะยาวของราคา
• SMC (Smart Money Concepts): แนวคิดการเทรดที่เน้นการวิเคราะห์พฤติกรรมของ "Smart Money" หรือผู้เล่นรายใหญ่ในตลาด
• ICT (Inner Circle Trader) Buyside & Sellside Liquidity: อินดิเคเตอร์ที่ระบุตำแหน่งสภาพคล่องฝั่งซื้อและฝั่งขาย ซึ่งเป็นเป้าหมายราคาที่น่าสนใจ
• Money Flow: อินดิเคเตอร์ที่แสดงทิศทางการไหลเข้าออกของเงินทุนในสินทรัพย์
• Trend Strength (🌟Introducing the Trend and Strength Signals indicator by AlgoAlpha!): อินดิเคเตอร์ที่ช่วยระบุแนวโน้มและความแข็งแกร่งของตลาด มีลักษณะเป็นเมฆและสัญญาณซื้อขาย

วิเคราะห์แนวโน้มและกลยุทธ์การเทรด

1. Timeframe 15 นาที (TF 15m)

• แนวโน้ม: ใน TF 15 นาที ราคา BTC มีความผันผวนในกรอบแคบ EMA 50 ตัดกับ EMA 200 บ่งบอกถึงความไม่แน่นอนของแนวโน้มในระยะสั้น
• สัญญาณอินดิเคเตอร์:
  • Trend Strength: เกิดสัญญาณซื้อขาย (Buy/Sell Signal) แต่เมฆ (Cloud) ยังไม่ชัดเจน บ่งบอกถึงความแข็งแกร่งของแนวโน้มยังไม่เด่นชัด
  • Money Flow: มีการสลับการไหลเข้าออกของเงินทุน สะท้อนถึงความไม่แน่นอนในระยะสั้น
  • Buyside & Sellside Liquidity: อินดิเคเตอร์นี้จะช่วยระบุแนวรับแนวต้านใน TF สั้นๆ เพื่อใช้ในการพิจารณาจุดเข้าออก
• Chart Pattern: พิจารณารูปแบบ Chart Pattern ใน TF 15 นาที เช่น รูปแบบสามเหลี่ยม (Triangle) หรือรูปแบบธง (Flag) เพื่อหารูปแบบราคาที่อาจเกิดขึ้น
• กลยุทธ์ Day Trade (การเทรดรายวัน):
  • กลยุทธ์: เน้นการเทรดในกรอบ Sideway โดยใช้แนวรับแนวต้านที่ระบุจาก Buyside & Sellside Liquidity และสัญญาณจาก Trend Strength ประกอบการตัดสินใจ
  • SMC Setup: มองหา SMC Setup ใน TF 15 นาที เช่น Order Block หรือ Fair Value Gap บริเวณแนวรับแนวต้าน เพื่อหาจังหวะเข้าเทรดตามแนวโน้มระยะสั้น
  • สิ่งที่ต้องระวัง: ความผันผวนสูงใน TF 15 นาที อาจทำให้เกิดสัญญาณหลอก ควรใช้ Stop Loss ที่เหมาะสม และบริหารความเสี่ยงอย่างเคร่งครัด

2. Timeframe 4 ชั่วโมง (TF 4H)

• แนวโน้ม: ใน TF 4 ชั่วโมง ราคา BTC มีแนวโน้มเป็นขาขึ้น EMA 50 อยู่เหนือ EMA 200 บ่งบอกถึงแนวโน้มขาขึ้นในระยะกลาง
• สัญญาณอินดิเคเตอร์:
  • Trend Strength: เกิดเมฆสีเขียว (Green Cloud) และสัญญาณซื้อ (Buy Signal) บ่งบอกถึงแนวโน้มขาขึ้นที่แข็งแกร่ง
  • Money Flow: เงินทุนไหลเข้าต่อเนื่อง สนับสนุนแนวโน้มขาขึ้น
  • Buyside & Sellside Liquidity: อินดิเคเตอร์นี้จะช่วยระบุแนวรับแนวต้านที่สำคัญใน TF 4 ชั่วโมง เพื่อใช้ในการวางแผนการเทรดระยะกลาง
• Chart Pattern: พิจารณารูปแบบ Chart Pattern ใน TF 4 ชั่วโมง เช่น รูปแบบ Cup and Handle หรือรูปแบบ Ascending Triangle เพื่อยืนยันแนวโน้มขาขึ้น
• กลยุทธ์ Day Trade (การเทรดรายวัน) / Swing Trade (การเทรดระยะกลาง):
  • กลยุทธ์: เน้นการเทรดตามแนวโน้มขาขึ้น โดยใช้ EMA 50 และแนวรับแนวต้านจาก Buyside & Sellside Liquidity เป็นจุดอ้างอิงในการเข้าเทรด
  • SMC Setup: มองหา SMC Setup ใน TF 4 ชั่วโมง เช่น Break of Structure (BOS) หรือ Change of Character (CHOCH) เพื่อหาจังหวะเข้าเทรดตามแนวโน้มขาขึ้น
  • สิ่งที่ต้องระวัง: การพักตัวของราคาในแนวโน้มขาขึ้น อาจทำให้เกิดการย่อตัวระยะสั้น ควรพิจารณาแนวรับที่แข็งแกร่ง และตั้ง Stop Loss เพื่อป้องกันความเสี่ยง

3. Timeframe รายวัน (TF Day)

• แนวโน้ม: ใน TF รายวัน ราคา BTC ยังคงอยู่ในแนวโน้มขาขึ้นระยะยาว EMA 50 อยู่เหนือ EMA 200 อย่างชัดเจน
• สัญญาณอินดิเคเตอร์:
  • Trend Strength: เกิดเมฆสีเขียวขนาดใหญ่ (Large Green Cloud) และสัญญาณซื้อต่อเนื่อง (Continuous Buy Signal) บ่งบอกถึงแนวโน้มขาขึ้นระยะยาวที่แข็งแกร่งมาก
  • Money Flow: เงินทุนไหลเข้าอย่างต่อเนื่องและแข็งแกร่ง สนับสนุนแนวโน้มขาขึ้นระยะยาว
  • Buyside & Sellside Liquidity: อินดิเคเตอร์นี้จะช่วยระบุแนวรับแนวต้านที่สำคัญใน TF รายวัน เพื่อใช้ในการวางแผนการลงทุนระยะยาว
• Chart Pattern: พิจารณารูปแบบ Chart Pattern ใน TF รายวัน เช่น รูปแบบ Bullish Flag หรือรูปแบบ Wedge เพื่อยืนยันแนวโน้มขาขึ้นระยะยาว
• กลยุทธ์ Day Trade (การเทรดรายวัน) / Swing Trade (การเทรดระยะกลาง) / Long-Term Investment (การลงทุนระยะยาว):
  • กลยุทธ์: เน้นการลงทุนระยะยาวตามแนวโน้มขาขึ้น โดยพิจารณาจังหวะเข้าซื้อเมื่อราคาย่อตัวลงมาบริเวณแนวรับสำคัญใน TF รายวัน
  • SMC Setup: มองหา SMC Setup ใน TF รายวัน เช่น Institutional Order Flow เพื่อยืนยันแนวโน้มขาขึ้นระยะยาว
  • สิ่งที่ต้องระวัง: ความเสี่ยงจากปัจจัยภายนอกที่อาจกระทบตลาด Cryptocurrency ในระยะยาว ควรติดตามข่าวสารและสถานการณ์ตลาดอย่างใกล้ชิด และกระจายความเสี่ยงในการลงทุน

สรุป

จากการวิเคราะห์ BTC ใน 3 Timeframe ด้วยอินดิเคเตอร์และ Chart Pattern พบว่า BTC ยังคงมีแนวโน้มขาขึ้นในระยะกลางและระยะยาว อย่างไรก็ตาม ในระยะสั้น TF 15 นาที ยังมีความผันผวนและไม่แน่นอน กลยุทธ์การเทรดที่เหมาะสมจะแตกต่างกันไปตาม Timeframe และเป้าหมายการเทรดของแต่ละบุคคล ควรพิจารณาความเสี่ยงและบริหารจัดการเงินทุนอย่างเหมาะสม

คำแนะนำเพิ่มเติม

• ศึกษาเพิ่มเติม: ควรศึกษาเพิ่มเติมเกี่ยวกับ SMC, ICT, และ Trend Strength Indicator เพื่อให้เข้าใจหลักการทำงานและนำไปประยุกต์ใช้ในการเทรดได้อย่างมีประสิทธิภาพ
• ทดลองบนบัญชี Demo: ทดลองกลยุทธ์ต่างๆ บนบัญชี Demo ก่อนนำไปใช้จริง เพื่อทดสอบความเข้าใจและปรับปรุงกลยุทธ์ให้เหมาะสมกับตนเอง
• ติดตามข่าวสาร: ติดตามข่าวสารและสถานการณ์ตลาด Cryptocurrency อย่างสม่ำเสมอ เพื่อประกอบการตัดสินใจในการเทรดและการลงทุน

Disclaimer (ข้อจำกัดความรับผิดชอบ):

การวิเคราะห์นี้มีวัตถุประสงค์เพื่อให้ข้อมูลเท่านั้น และเป็นความคิดเห็นส่วนบุคคล ไม่ใช่คำแนะนำทางการเงิน การลงทุนใน Cryptocurrency มีความเสี่ยงสูง นักลงทุนควรศึกษาข้อมูลด้วยตนเองและใช้ความระมัดระวังก่อนตัดสินใจลงทุน

@ d360efec:14907b5f

$OKX:BTCUSDT.P

From checking the charts and indicators in 15-minute, 4-hour, and daily timeframes, it is found that Bitcoin is volatile and has interesting trend changes in each timeframe, as detailed below:

Trend Analysis and Trading Strategies

1. 15-Minute Timeframe (TF 15m)

• Trend: In the 15-minute TF, the BTC price is fluctuating in a narrow range. EMA 50 crossing with EMA 200 indicates short-term trend uncertainty.
• Indicator Signals:
  • Trend Strength: Buy/Sell signals occur, but the cloud is not yet clear, indicating that the trend strength is not yet prominent.
  • Money Flow: There is an alternating inflow and outflow of funds, reflecting short-term uncertainty.
  • Buyside & Sellside Liquidity: This indicator helps identify support and resistance levels in short TFs to consider entry and exit points.
• Chart Pattern: Consider Chart Patterns in the 15-minute TF, such as Triangle or Flag patterns, to find possible price patterns.
• Day Trade Strategy:
  • Strategy: Focus on trading in a Sideway range, using support and resistance levels identified by Buyside & Sellside Liquidity and signals from Trend Strength to make decisions.
  • SMC Setup: Look for SMC Setups in the 15-minute TF, such as Order Blocks or Fair Value Gaps around support and resistance areas, to find short-term trend trading opportunities.
  • Things to watch out for: High volatility in the 15-minute TF may cause false signals. Appropriate Stop Loss should be used and risk should be managed strictly.

2. 4-Hour Timeframe (TF 4H)

• Trend: In the 4-hour TF, the BTC price is trending upwards. EMA 50 is above EMA 200, indicating a medium-term uptrend.
• Indicator Signals:
  • Trend Strength: A Green Cloud and Buy Signal occur, indicating a strong uptrend.
  • Money Flow: Funds continue to flow in, supporting the uptrend.
  • Buyside & Sellside Liquidity: This indicator helps identify important support and resistance levels in the 4-hour TF for medium-term trading planning.
• Chart Pattern: Consider Chart Patterns in the 4-hour TF, such as Cup and Handle or Ascending Triangle patterns, to confirm the uptrend.
• Day Trade / Swing Trade Strategy:
  • Strategy: Focus on trading along the uptrend, using EMA 50 and support and resistance levels from Buyside & Sellside Liquidity as reference points for entering trades.
  • SMC Setup: Look for SMC Setups in the 4-hour TF, such as Break of Structure (BOS) or Change of Character (CHOCH), to find trading opportunities along the uptrend.
  • Things to watch out for: Price consolidation in an uptrend may cause short-term pullbacks. Strong support levels should be considered, and Stop Loss should be set to prevent risk.

3. Daily Timeframe (TF Day)

• Trend: In the Daily TF, the BTC price is still in a long-term uptrend. EMA 50 is clearly above EMA 200.
• Indicator Signals:
  • Trend Strength: A Large Green Cloud and Continuous Buy Signal occur, indicating a very strong long-term uptrend.
  • Money Flow: Funds are flowing in continuously and strongly, supporting the long-term uptrend.
  • Buyside & Sellside Liquidity: This indicator helps identify important support and resistance levels in the Daily TF for long-term investment planning.
• Chart Pattern: Consider Chart Patterns in the Daily TF, such as Bullish Flag or Wedge patterns, to confirm the long-term uptrend.
• Day Trade / Swing Trade / Long-Term Investment Strategy:
  • Strategy: Focus on long-term investment along the uptrend, considering buying opportunities when the price pulls back to important support levels in the Daily TF.
  • SMC Setup: Look for SMC Setups in the Daily TF, such as Institutional Order Flow, to confirm the long-term uptrend.
  • Things to watch out for: Risks from external factors that may affect the cryptocurrency market in the long term. Market news and situations should be closely monitored, and investment risk should be diversified.

Summary

From analyzing BTC in 3 Timeframes with indicators and Chart Patterns, it is found that BTC still has an uptrend in the medium and long term. However, in the short term, the 15-minute TF is still volatile and uncertain. Appropriate trading strategies will vary depending on the timeframe and individual trading goals. Risk should be considered and capital should be managed appropriately.

Additional Recommendations

• Further Study: Further study on SMC, ICT, and Trend Strength Indicator should be done to understand the working principles and apply them effectively in trading.
• Experiment on Demo Account: Experiment with various strategies on a Demo account before using them in real trading to test understanding and improve strategies to suit oneself.
• Follow News: Follow cryptocurrency market news and situations regularly to inform trading and investment decisions.

Disclaimer:

This analysis is for informational purposes only and represents a personal opinion. It is not financial advice. Investing in cryptocurrencies involves significant risk. Investors should conduct their own research and exercise due diligence before making any investment decisions.

@ d360efec:14907b5f

$OKX:BTCUSDT.P Overview:

Based on the overall picture across the 3 timeframes (15m, 4H, Day), Bitcoin is in a bullish trend but is experiencing a short-term consolidation.

Analysis of each Timeframe:

• TF 15m:

  • SMC: The price is in a sideways consolidation phase after breaking out of a triangle pattern. There's potential to test the Buyside Liquidity around $64,000.
  • ICT: The price is testing the EMA 50 (yellow) support. If it holds above this support, there's a chance for further upward movement.
  • Buyside & Sellside Liquidity:
    • Buyside Liquidity: $64,000
    • Sellside Liquidity: $60,000 (around EMA 200 and the lower boundary of the sideways range)
  • Money Flow: Positive, supporting the bullish trend.
  • EMA: EMA 50 > EMA 200, a bullish signal.
  • Trend Strength: Thick green cloud and buy signals indicate a strong uptrend.
  • Chart Pattern: Triangle breakout.

• TF 4H:

  • SMC: The price is in a clear uptrend after breaking out of a significant resistance level.
  • ICT: The price is holding strongly above both EMA 50 and EMA 200.
  • Buyside & Sellside Liquidity:
    • Buyside Liquidity: No significant resistance nearby.
    • Sellside Liquidity: $58,000 (around EMA 50)
  • Money Flow: Positive, supporting the bullish trend.
  • EMA: EMA 50 > EMA 200, a bullish signal.
  • Trend Strength: Green cloud and buy signals indicate an uptrend.

• TF Day:

  • SMC: The price is in a clear uptrend.
  • ICT: The price is holding strongly above both EMA 50 and EMA 200.
  • Buyside & Sellside Liquidity:
    • Buyside Liquidity: No significant resistance nearby.
    • Sellside Liquidity: $50,000 (around EMA 50)
  • Money Flow: Positive, supporting the bullish trend.
  • EMA: EMA 50 > EMA 200, a bullish signal.
  • Trend Strength: Thick green cloud and buy signals indicate a strong uptrend.

Day Trade Strategy (SMC):

1. Buy on Dip: Wait for the price to pull back towards the EMA 50 support on the 15m TF (around $61,500 - $62,000) or the lower boundary of the sideways range.
2. Take Profit: Set a profit target at the Buyside Liquidity around $64,000.
3. Stop Loss: Set a stop loss slightly below the Sellside Liquidity around $60,000.

Things to Watch Out For:

• Volatility: Bitcoin is highly volatile. Set your stop loss appropriately.
• False Breakout: Be cautious of false breakouts.
• News: Stay updated on news that may impact Bitcoin's price.

Summary:

Bitcoin is in a bullish trend across all timeframes but is experiencing a short-term consolidation. The recommended day trade strategy is "Buy on Dip," with a profit target of $64,000 and a stop loss slightly below $60,000.

Disclaimer: This analysis is for informational purposes only and represents a personal opinion. It is not financial advice. Investing in cryptocurrencies involves significant risk. Investors should conduct their own research and exercise due diligence before making any investment decisions.

@ 2e8970de:63345c7a

the silence before the storm

originally posted at https://stacker.news/items/899535

@ e373ca41:b82abcc5

Dieser Artikel wurde mit dem Pareto-Client geschrieben (lesen Sie ihn dort, um die volle Erfahrung zu machen). 

Dies ist Teil 3 der Serie “Die Corona-Connection”: Lesen Sie hier Teil 1 und Teil 2.

Wenn die Realität die Fiktion überholt: das ist die Signatur unserer Epoche. Im Zuge täglicher Enthüllungen tritt nun immer deutlicher der medial-industrielle Komplex der “Corona-Connection” zum Vorschein. Allein die Finanzströme zeigen deutlich: der Anfangsverdacht einer Verschwörung ist sichtbar und nachweisbar.

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“Follow the Money”

In Washington hat das große Sesselrücken begonnen: Tausende Wohnungen und Häuser werden gerade auf den Markt geschwemmt, die Suchanfragen nach Offshorebanken und Strafverteidigern explodiert. Die Ratten verlassen das sinkende Schiff, eine alte Nomenklatura fällt, eine neue wird errichtet. So ist Politik. Wie viel davon Inszenierung und wie viel echt ist, werden wir erst später erfahren.

(Quelle: X/@wikileaks)

Schon jetzt erfahren die Europäer allerdings von JD Vance, dass in Washington “ein neuer Sheriff in town” ist. Die Rede auf der Münchener Sicherheitskonferenz war eine Zäsur in den transatlantischen Beziehungen. JD Vance hat Europa die Leviten gelesen: Wir glaubten nicht mehr an die Meinungsfreiheit, und damit an die Demokratie; wir griffen in Wahlen ein, deindustrialisierten uns selbst, betrieben ideologische Beeinflussung, Zensur und Manipulation. Eine beeindruckende Rede eines früheren Trump-Verächters (er nannte ihn mal einen Betrüger und überlegte Hillary Clinton zu wählen). Und dann der „Killer-Satz“ an das Establishment:

„Wenn Sie Angst vor den eigenen Bürgern haben gibt es nichts, was die USA für Sie tun können.“

Ja, Vance hat in vielem Recht, Europa ist ein sektiererischer Bürokratenkontinent, der ideologisch gekapert ist. Doch vielleicht hätte Vance etwas mehr darüber sprechen können, was die USA bereits „für Europa getan haben“, allein in den letzten Jahren:

• Der Europäische Debattenraum wurde mit US-Steuergeldern manipuliert, knapp 500 Mio USD. flossen durch die Kanäle von USAID und Co.
• Deindustrialisierung: Danke für die Sprengung von Nordstream, großer Bruder!
• Zensur: waren das nicht auch die großen amerikanische Social Media Plattformen, siehe Twitter-Files?
• Ach überhaupt, der ganze Verschwörungskomplex zu Corona, ist nicht die Corona-Connection im Kern ein Konsortium überwiegend amerikanischer Player? NGOs, öffentliche Gesundheitsbehörden, CIA, Überwachungsindustrie, Big Pharma im Verbund mit China.
• Wer in den letzten Jahren von “Misinformation und Disinformation” sprach, benutzte exakt das USAID-Wording und derartige Beispiele gibt es viele.

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Sprechen wir also zuerst vom Verrat Amerikas an der Welt, in Form der größten Psyop der Welt, sowie dem Biowaffenangriff in Form von Corona und mRNA, an dem amerikanische Behörden maßgeblich beteiligt waren. Die USA (oder der deep state?) sind scheinbar im Kalten Krieg mit der eigenen Bevölkerung und der Welt:

• USAID und NIAID finanzierten Coronavirusforschung in Wuhan, USAID finanzierte massiv die Bill & Melinda Gates Stiftung, Impfprogramme sowie GAVI, CEPI, Programme für “reproductive health” etc. Die Liste der “joint ventures” von Gates und USAID ist lang. Und USAID finanzierte den Propagandaapparat.
• Früher eichte die CIA Schriftsteller im Congress for Culture Freedom, heute finanzieren sie Weiterbildungen und Medientrainings für Tausende Journalisten, auch in Europa. Die Presselandschaft wird wie bei “Operation Mockingbird” einfach weiter unterwandert.
• Reuters bekam 9 Mio. vom US-Verteidigungsministerium und eine köstliche Programm-Beschreibung obendrein: Millionen für social engineering und gesellschaftliche Täuschung, large societal deception (abgekürzt LSD). Ein Wink mit dem Zaunpfahl auf “Mission Mind Control”, also Bewusstseinsexperimente der CIA, u.a. mit LSD?

• Ein paar Tröpfchen LSD dürfen nicht fehlen (rechts unten)

Die Rede vom Verrat an den eigenen Werten in vasallenartigem Gehorsam reiht sich jedenfalls schlecht ein in den noch größeren Verrat der eigenen Werte und eine Form von Hochverrat am Bürger durch amerikanische Behörden. Was genau bleibt also vom Vorwurf von Vance? Ihr habt bei der von uns mitfinanzierten Propagandamaschinerie etwas zu gut mitgemacht. Watch your values!

Die Rede von Vance sei Wahlbeeinflussung, eine Einmischung in „unsere Demokratie“, heißt es nun bei hiesigen Nomenklaturapolitikern. Wahlbeeinflussung durch Vance? Eine schöne Nebelkerze. Die größte Wahlbeeinflussung war doch die mit Milliarden USAID-Geld finanzierte ideologische Unterwanderung des europäischen Debattenraums, von Moldawien und der Ukraine bis Deutschland und Frankreich: Internews Network, Trusted News Initiativen, Factchecker, Kampagnen zu „Misinformation/Disinformation“ uvm. Der europäische Debattenraum wurde auf CIA-Narrativebene geeicht. Die Europäer sind konsterniert: Sie haben mitgemacht und werden jetzt von Vance „unter den Bus geworfen“. Sie stehen als die nützlichen Idioten da, die sie waren. Auch eine Form von Gaslighing: Bestrafung für Gehorsam.

Das Business Modell des Philanthrokapitalismus

Der Verrat der Werte, er zieht sich längst durch alle Ebenen von Bürokratie, Politik, Wirtschaft. Was eröffnet auch bessere Geschäftsmöglichkeiten als Gedankenkontrolle, Beeinflussung, autoritäre Einschüchterungsmethoden, durchgeführt von einem korporativen Machtapparat aus Politik, Polizei, Medien, Big Tech und Pharma?

Unter denen, die wegen USAID am meisten aufheulen, ist Bill Gates. Zu diesem tauchen, welch Wunder, gerade überall Lobesartikel auf, in US-Sendungen wird er wieder als Gesundheitsexperte herumgereicht, warnt vor Millionen Toten, wenn die Hilfen, die in seine Gesundheitsprogramme von USAID flossen, gestoppt werden. Nur am Rande: Gerade gab es einen Ebolaausbruch in Uganda. Die WHO lobt den schnellen Impfstart. Immer diese Zufälle, pandamic preparedness sei Dank, Herr Gates!

USAID und Gates sind ziemlich beste Freunde: Die weltgrößte Privatstiftung von Eugeniker Gates und eine CIA-Frontorganisation in trauter Verbundenheit. Was soll da anderes rauskommen, als die größte Psyop der Welt? Nein, USAID hat nicht in 1.6 Mrd. Dollar in deutsche Medien gesteckt, wie kürzlich per falschem Screenshot auf X verbreitet wurde. Die EU steckte dafür 132 Mio. Euro in journalistische EU-PR. Doch es blieb genug Geld für die Medien übrig, um den Corona-Scam zu glauben, zu verbreiten – und sich boostern zu lassen.

So wird ein Schuh draus: (Netzfund)

Darüber hinaus steckte USAID Milliarden in Gavi und CEPI, die Gatesschen Impfkonsortien mit Sitz in der Schweiz. Sowie in zig andere Programme der Gatesstiftung. Teils floss Geld zurück. Ein Geben und Nehmen. All das wäre für ein James-Bond-Drehbuch zu viel des Guten und Undenkbaren: Wir haben es bei der Corona-Connection mit einer Verschwörung von Geheimdienstkreisen, China und Philanthrokapitalisten zu tun. Deren teils geheimdienstfinanzierten Outlets (GAVI, CEPI), aber auch die WHO genießen in der Schweiz Steuervorteile und Immunität, wie eine Botschaft.

Und so wird ein Business-Modell daraus:

• Man suche sich ein Tätigkeitsfeld, Anliegen oder ein sonstiges Vorhaben der sozialen Ingenieurskunst aus. Bei Gates: Bevölkerungskontrolle und -reduktion, Impfstoffverkauf. 2010-2020 sollte die Dekade der Impfstoffe werden – und wurde es. Gates Gebaren konnte man 2015 in einer kritischen Untersuchung von “Misereor” und “Brot für die Welt” studieren.
• Dann definiere man Strukturen, Mechanismen und Businessmodelle zur Umsetzung. In einer Studie von USAID, BMGF sowie Rockefeller-Stiftung zum Einsatz von KI im Gesundheitsbereich liest man es exemplarisch schwarz auf weiß: “If evidence is promising, define business case – Wenn die Beweise vielversprechend sind, entwickle eine Geschäftsidee.”

* Es erfolgt ein Investment in die Geschäftsidee. Das nennt sich dann Program-Related Investment, und nicht nur “grant”, wie die New York Times früher noch kritisierte. Hier wird der angebliche Altruismus zum systemischen legalen Interessenkonflikt. Katastrophen zahlen sich jetzt aus. * WHO, Partnerorganisationen, News-Netzwerke werden auf die Idee geeicht, das übliche PR-Geschäft. * Dann noch schnell ein Planspiel, in Wuhan ist der USAID-Partner mit der gain of function-Forschung nämlich schon bereit für den Lab-Leak. Investments in Curevac, Biontech & Co. sind bereits getätigt, das politische Feld in Sachen Epidemic Preparedness ohnehin vorgeimpft (und beteiligt, hunderte Millionen gingen von Deutschland an die BMGF und CEPI, Gavi).

In dieser Phase hängt der Erfolg der Operation nur noch davon ab, wie gut (und wie lange) man es schafft, das Overton-Fenster in den Medien (also das, was relevant ist) mit immer neuen Propaganda-Erzählungen und Angstbildern vollzuhängen, die sozialen Medien zurechtzustutzen und Kritiker zu dezimieren: Fertig ist der größte kriminelle Coup der Geschichte.

Alle Beteiligten gewinnen: Gates vedient an den Impfstoffen, kann das Geld steuerbefreit in der Stiftung für neue Machtgewinnungsfeldzüge einsetzen, die CIA hat ein erfolgreiches Massenhypnose-Experiment durchgeführt und China konnte die Weltwirtschaft hinter sich lassen, intern die Pandemie schnell besiegen und dem Westen seine sehr schnell in Vergessenheit geratenen Bürger- und Menschenrechte vorhalten. Diese Rechte fielen ungefähr so schnell, wie die Menschen in chinesischen Propagandavideos auf der Straße zusammensackten. Nur in China übrigens, nirgendwo anders.

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Philanthrokapitalismus bedeutet übersetzt, den Anreiz auszuleben, mit Kontrollphantasien, Social Engineering und Technokratie zugleich Geld zu verdienen, Steuern zu sparen, und Macht zu gewinnen. Ein Honeypot für schwerreiche Psychopathen, die munter nach Gutsherrenart an der Bevölkerung herumschrauben wollen. Der Philanthrokapitalismus eines Gates, Soros & Co ist das gefährlichste korporatistische Räuberbaronentum der Neuzeit. Der Staat kann legal für private Machterreichungszwecke ausgenommen werden – zum Schaden der Bürger.

Es gab bei Corona viele Profiteure. Und viele Opfer. Über beide werden wir in naher Zukunft noch viel mehr erfahren. Die Welle der Aufarbeitung rollt.

Und die Konsequenzen? Ein Bill Gates sollte vielleicht daran denken, nicht erst dann zu flüchten, wenn die Epstein-Files veröffentlicht werden, sondern schon früher. In der amerikanischen Verfassung gibt es nur einen Strafrechtsparagraphen und dieser lautet so:

Artikel III, Abschnitt 3 der US-Verfassung:

„Hochverrat gegen die Vereinigten Staaten besteht ausschließlich darin, Krieg gegen sie zu führen oder ihren Feinden Beistand und Unterstützung zu leisten.“

Die Corona-Impfkampagne hat die Gesundheit der Amerikaner, auch der von Soldaten massiv geschadet, wie akut erhöhte Krankenstände und Nebenwirkungsmeldungen zeigten. Damit wurde Feinden der USA (mindestens jede verfeindete Kriegspartei) Beistand geleistet.

Eines wissen wir schon jetzt: So in etwa ist der “Source Code” des Bösen programmiert.

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@ 5afdec5b:2d631be1

Bitcoin: The Future of Collateralized Loans

Bitcoin is transforming the financial landscape, not just as a digital currency but arguably as the best form of collateral for unlocking liquidity. At Lendasat, we're pioneering this shift by working towards a trustless, self-custodial lending platform that lets users borrow against their Bitcoin without selling it. Let's explore Bitcoin's unmatched value as collateral and how Lendasat's innovative approach - with Discreet Log Contracts (DLCs) and integrations - make borrowing secure, simple, and practical. Bitcoin unlocks cash access without letting it go.

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Why Bitcoin Stands Out as Collateral

Bitcoin's intrinsic properties set it apart from traditional assets like real estate or stocks:

🌐 Decentralized Control: No intermediaries, ensuring transparency and independence.
💧 Ultimate Liquidity: Bitcoin is one of the most liquid assets in the world, tradable 24/7 without interruption. Unlike traditional markets with public holidays, and weekend downtime, Bitcoin operates continuously, allowing transactions at any time from anywhere.
✅ Capped Supply: Only 21 million coins will ever exist, shielding it from dilution/inflation.
🔒 Robust Security: Backed by cryptography and a global mining network, Bitcoin is portable, durable, and verifiable.

These qualities make Bitcoin an ideal foundation for lending, a vision Lendasat brings to life. Our app leverages Bitcoin's censorship-resistant nature to offer a collateral option that traditional assets can't rival.

The "Buy, Borrow, Die" Strategy: A Smart Money Move Now Available For Everyone

For those unfamiliar, the "buy, borrow, die" strategy involves buying assets, borrowing against them for liquidity, and holding until death to pass on the assets with a stepped-up basis, minimizing taxes. Savvy investors and businesses often borrow against their holdings rather than sell them. Why? It's a tax-efficient way to access cash while retaining ownership and future gains. With Bitcoin, this approach is even more compelling:

🏷️ Tax Advantage: No capital gains taxes when borrowing instead of selling.
🔒 Ownership Retention: Keep your Bitcoin and its potential upside.
📈 Growth Exposure: Benefit from Bitcoin's long-term appreciation.

Lendasat's motto, "Get the bread you need without having to part with your corn" encapsulates this strategy. We empower users to tap into their Bitcoin's value without sacrificing their stake in its future. Bitcoin gives access to practices that were previously reserved to the wealthiest individuals and companies.

ℹ️ Note: Tax benefits may vary depending on your jurisdiction. Please consult with a tax professional.

Lendasat's Vision: Seamless Lending Process

Lendasat, in its public release, will make Bitcoin-backed loans straightforward and secure. Here's how it works:

1. Secure Your Bitcoin: Lock your BTC in a Discreet Log Contract (DLC), a "smart contract" that eliminates counterparty risk while keeping you in control
2. Borrow Stablecoins: Receive stablecoins at an average 50% loan-to-value ratio (e.g., $50,000 for $100,000 in BTC), balancing liquidity with safety.
3. Spend Anywhere: Use our spending tools and off-ramps integrations to spend loan funds effortlessly in the real world, as an example, with a Virtual Card for online shopping - launched in our closed beta.

This peer-to-peer process makes KYC optional, prioritizing privacy and accessibility.

Who Benefits from Lendasat?

Our app serves a wide range of users:

Borrowers:
- Unlock cash without selling Bitcoin.
- Enjoy tax savings and growth potential.
- Spend easily with the virtual debit card.
Lenders:
- Earn guaranteed returns on overcollateralized loans.
- Reduce risk with Bitcoin's security.
- Diversify investments with a cutting-edge asset.

Lendasat's self-custodial design ensures both parties retain autonomy, with DLCs handling the heavy lifting.

Real-World Applications

Bitcoin collateral isn't just for individuals - it's a game-changer for businesses:

Businesses: Fund expansion or operations without diluting equity or selling BTC.
Miners: Cover costs like electricity bills by borrowing against mined Bitcoin, avoiding sales at low prices.

Lendasat supports these scenarios with flexible solutions, and we're exploring enhancements like on-ramps integration for bank transfer repayments to streamline the experience.

The Future of Bitcoin Collateral

Bitcoin's role as collateral is only beginning. Emerging possibilities include:

Credit Lines: Bitcoin-backed spending options akin to traditional credit.
Institutional Use: Large-scale financing for companies and even governments.

While Bitcoin is currently primarily used as a store of value, its potential as a medium of exchange is still developing. Lendasat's platform is designed to adapt to Bitcoin's evolving role in the financial ecosystem, whether it remains a collateral asset or becomes widely used for transactions.

Lendasat is driving this future by refining our platform, focusing on user-friendly on/off ramps and practical spending tools to make Bitcoin loans a financial mainstay.

What Sets Lendasat Apart?

Lendasat isn't just another lending platform - it aims to be the leader in Bitcoin finance:

Trustless System: DLCs ensure security without third-party custody.
Practical Tools: The virtual debit card bridges DeFi and daily life.
User-Centric: Optional KYC, no credit checks, and flexible repayment options in development.
Mission-Driven: We're here to empower financial freedom through Bitcoin.

These strengths make Lendasat the premier choice for leveraging Bitcoin as collateral.

Challenges and Considerations

While Bitcoin-backed loans offer many advantages, there are risks to consider:

Volatility: Bitcoin's price can be volatile, which may lead to liquidation if the value drops significantly.
User Experience: Managing DLCs and understanding the lending process may be complex for some users.

At Lendasat, we're actively working to mitigate these risks through user education, robust platform design, and ongoing development of user-friendly features.

Conclusion: Bitcoin's Full Potential

Bitcoin isn't just money - It is the best collateral in the making ever discovered, blending security, liquidity, and growth. Lendasat brings this power to your fingertips with a platform that's secure, intuitive, and built for the future. Whether you're funding a dream or growing a business, we've got you covered.

Ready to borrow without selling? Dive into https://Lendasat.com and see how your Bitcoin can work harder for you.

Quick Comparison: Traditional vs. Lendasat's Bitcoin Collateral

This snapshot underscores why Bitcoin, paired with Lendasat, is rewriting the rules of collateral.

Help Us To Achieve Our Vision!

Want to be part of the journey?
Join our waiting list or, even better, connect with us on Discord to get yourself an invite code and try our app and share your thoughts!
Stay tuned, and as always, stay sovereign.

@ 95cb4330:96db706c

Adopting Inversion Thinking, a mental model championed by Charlie Munger and Warren Buffett, can enhance decision-making and problem-solving by focusing on potential pitfalls to avoid. This approach involves considering the opposite of your desired outcome to identify and mitigate risks effectively.

---

Understanding Inversion Thinking

• Definition:
  Inversion Thinking entails approaching problems by asking, "What could cause failure?" rather than solely focusing on achieving success. This perspective helps in uncovering obstacles and errors that might be overlooked when only considering positive outcomes.

---

Examples in Practice

• Charlie Munger's Approach:
  Munger emphasizes solving problems by inverting them. For instance, instead of asking how to be successful, he suggests identifying what actions could lead to failure and then avoiding those actions.
  FS.BLOG

• Warren Buffett's Investment Strategy:
  Buffett applies inversion by considering what factors could cause an investment to fail, such as poor management or unsustainable business models, and avoids investments with these red flags.

---

Implementing Inversion Thinking

1. Define the Problem:
   Clearly articulate the challenge or goal you are addressing.

2. Invert the Problem:
   Ask what actions or factors could lead to the opposite of your desired outcome.

3. Identify Preventative Measures:
   Determine strategies to avoid these negative actions or factors.

4. Apply Insights to Decision-Making:
   Use the information gathered to inform your choices, focusing on avoiding identified pitfalls.

---

Action Step

Consider a current goal or project. Apply inversion by asking, "What steps could lead to failure in this endeavor?" List these potential pitfalls and develop strategies to prevent them, thereby increasing the likelihood of success.

---

By integrating Inversion Thinking into your decision-making process, you can proactively address potential challenges, leading to more robust and resilient strategies.

---

@ 95cb4330:96db706c

Jeff Bezos, Sam Altman, and Elon Musk follow a critical decision-making principle: never let past investments dictate future choices. Instead of holding onto failing projects due to time, money, or effort already spent, successful entrepreneurs cut losses quickly and reallocate resources toward higher-impact opportunities.

---

Why Avoiding Sunk Costs Matters

• Frees Up Resources for Better Opportunities:
  The more time you spend on a failing project, the fewer resources you have to invest in something that could succeed.

• Prevents Emotional Bias in Decision-Making:
  Many people stick with bad decisions because they feel committed, rather than assessing future potential objectively.

• Increases Agility & Competitive Edge:
  Being able to pivot quickly allows you to adapt to market changes faster than competitors.

---

Example in Action: Bezos, Musk & Altman

• Jeff Bezos & the Fire Phone:
  Amazon heavily invested in its Fire Phone, but when it failed, Bezos shut it down and redirected efforts to Alexa and AWS, which became massive successes.

• Elon Musk & Tesla Model S Plaid+:
  Tesla had planned a Model S Plaid+ variant, but Musk canceled it, realizing it no longer made strategic sense in Tesla’s long-term roadmap.

• Sam Altman & Startup Strategy:
  Altman constantly advises founders to evaluate if they’re on the best path—not just the one they’ve already invested in. He encourages entrepreneurs to pivot fast rather than waste time on failing ideas.

---

How to Apply This Principle

1. Identify Projects You’re Holding Onto for the Wrong Reasons
   Ask: Would I start this today knowing what I now know?

2. Focus on Future Potential, Not Past Investment
   Look at the expected future return rather than the money or effort already spent.

3. Be Willing to Pivot or Cut Losses Quickly
   If a project no longer aligns with your long-term vision, redirect resources elsewhere.

---

Action Step: Audit Your Current Projects

• 👉 Are you continuing something just because of past investment rather than future potential?
• 👉 If so, consider pivoting or cutting it today.

---

By avoiding the sunk cost fallacy, you can stay flexible, maximize impact, and ensure you’re always focused on the best opportunities ahead.

@ 8947a945:9bfcf626

Chef's notes

https://video.nostr.build/ea19333ab7f700a6557b6f52f1f8cfe214671444687fa7ea56a18e5d751fe0a9.mp4

https://video.nostr.build/bcae8d39e22f66689d51f34e44ecabdf7a57b5099cc456e3e0f29446b1dfd0de.mp4

Details

• ⏲️ Prep time: 5 min
• 🍳 Cook time: 5 min
• 🍽️ Servings: 1

Ingredients

• ไข่ 1 - 2 ฟอง
• ข้าวโอ๊ต 3 - 4 ช้อน

Directions

1. ตอกไข่ + ตีไข่
2. ปรุงรส พริกไทย หรือ ซอสถั่วเหลืองตามชอบ
3. ใส่ข้าวโอ๊ต 3 - 4 ช้อน
4. ใส่ถั่วลิสงอบ 1 - 2 หยิบมือ
5. เทน้ำใส่พอท่วมข้าวโอ๊ต
6. เข้าไมโครเวฟ ไฟแรง 1 - 2 นาที

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

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

So stay a while and listen.

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

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

originally posted at https://stacker.news/items/899482

@ d830ee7b:4e61cd62

ในชีวิตประจำวัน เรามักวัดมูลค่าของสิ่งต่างๆ ด้วยหน่วยเงินที่เราคุ้นเคย เช่น บาทหรือดอลลาร์

เราดีใจเมื่อการลงทุนของเรา “เพิ่มขึ้น” ในหน่วยเงินเหล่านั้น ..แต่น้อยคนนักจะหยุดคิดว่าไม้บรรทัดที่เราใช้วัดมูลค่านั้นมีความมั่นคงเพียงใด

หากไม้บรรทัดเองหดสั้นลงเรื่อยๆ สิ่งของที่เราวัดอาจดูเหมือนยาวขึ้นทั้งที่ความจริงไม่ได้เปลี่ยนไปเลย

แนวคิดนี้สะท้อนถึงการวัดมูลค่าทางเศรษฐกิจในหน่วยเงินที่เปลี่ยนแปลงตลอดเวลา และนำเราไปสู่หลักการเรื่อง "ค่าเสียโอกาส" (opportunity cost) ในการลงทุน

เมื่อเราเลือกถือสินทรัพย์ชนิดหนึ่ง เรากำลังสละโอกาสที่จะได้ผลตอบแทนจากอีกชนิดหนึ่งเสมอ

การทำความเข้าใจว่าอะไรเป็นตัววัดมาตรฐานของเราและค่าเสียโอกาสที่ตามมา จึงเป็นจุดเริ่มต้นในการสำรวจมุมมองใหม่ของการประเมินความมั่งคั่ง

ในบริบทนี้.. บิตคอยน์ (Bitcoin) ได้ถูกเสนอขึ้นมาเป็น “มาตรฐาน” ใหม่ในการวัดมูลค่ว เสมือนกับที่ทองคำเคยเป็นมาตรฐานการเงินของโลกในอดีต

หนังสือ The Bitcoin Standard ของ Saifedean Ammous ชวนเราคิดว่า Bitcoin อาจกลายเป็นเหมือน “มาตรฐานทองคำ” ยุคดิจิทัล ที่มารองรับระบบการเงินสากลในอนาคต

เหตุผลสำคัญที่ Bitcoin ถูกมองว่าเป็นเงินตราที่มีความแข็งแกร่ง (sound money) คือคุณสมบัติที่หาได้ยากในเงินสกุลปัจจุบัน

มันมีปริมาณจำกัดตายตัว 21 ล้านหน่วย ไม่มีธนาคารกลางใดสามารถพิมพ์เพิ่มได้ตามใจชอบ

ต่างจากเงินเฟียต (Fiat money) อย่างดอลลาร์ ที่จำนวนเพิ่มขึ้นตลอดเวลาจากนโยบายรัฐ

ผลคือ Bitcoin มีความทนทานต่อภาวะค่าเงินเสื่อมค่าจากเงินเฟ้อ และสามารถรักษามูลค่าได้ในระยะยาวดุจทองคำในอดีต

หลายคนจึงยกให้มันเป็น “Sound Money” หรือเงินที่มั่นคง เชื่อถือได้ในด้านมูลค่าเมื่อเวลาผ่านไป

แนวคิดนี้เองเปิดประตูไปสู่การใช้ Bitcoin เป็นหน่วยวัดเปรียบเทียบมูลค่าสินทรัพย์อื่นๆ เพื่อมองภาพเศรษฐกิจในมุมใหม่

---

ลองจินตนาการกราฟหนึ่งที่นำดัชนีหุ้นชั้นนำอย่าง S&P 500 มาเปรียบเทียบในหน่วย Bitcoin แทนที่จะเป็นดอลลาร์ กราฟนี้จะแสดงให้เราเห็นภาพที่ต่างออกไปอย่างมากจากกราฟปกติที่คุ้นเคย

https://nostr.download/e344db050a8f6b023b2a9c7883560ad8a7be3fc4154d3908cbae3471b970272a.webp

หากย้อนไปช่วงปี 2011

หุ้น S&P 500 อยู่ที่ราว 1,300 จุด ขณะที่บิตคอยน์มีราคายังไม่ถึง 1 ดอลลาร์ นั่นหมายความว่าดัชนี S&P 500 ในเวลานั้นมีมูลค่าประมาณ 1,300 BTC

แต่เมื่อเวลาผ่านไป Bitcoin มีราคาสูงขึ้นมหาศาล ในปี 2021–2022 Bitcoin (เคยพุ่งขึ้นไปแตะหลักหลายหมื่นดอลลาร์ต่อ 1 BTC) ทำให้มูลค่าของ S&P 500 เมื่อวัดในหน่วย BTC กลับกลายเป็นเพียงเศษเสี้ยวของที่เคยเป็น

สมมติ S&P 500 ล่าสุดอยู่แถว 4,000 จุด และราคา BTC อยู่หลักแสนดอลลาร์ ดัชนี S&P 500 ทั้งดัชนีอาจมีค่าไม่ถึง 0.05 BTC ด้วยซ้ำ

ผลลัพธ์ที่สะท้อนออกมาบนกราฟคือเส้นค่าของ S&P 500 (เมื่อวัดด้วย BTC) ที่มีแนวโน้มลดลงเรื่อยๆ ตลอดทศวรรษที่ผ่านมา

แปลความได้ว่า.. บิตคอยน์มีมูลค่าเพิ่มขึ้นเมื่อเทียบกับสินทรัพย์การเงินดั้งเดิมอย่างหุ้น

ถึงขั้นที่... การถือ Bitcoin ไว้ให้ผลตอบแทนดีกว่าการลงทุนในดัชนีหุ้นใหญ่เสียอีกในช่วงเวลาที่ผ่านมา

แม้จะฟังดูเหลือเชื่อ แต่นี่คือภาพที่ข้อมูลได้บอกเรา.. ในมุมมองของมาตรฐาน Bitcoin ตลาดหุ้นสหรัฐฯ ที่ว่าทำผลตอบแทนโดดเด่น ยังดูซีดเซียวลงในทันที

ข้อมูลในช่วงสิบปีให้หลังตอกย้ำภาพนี้อย่างชัดเจน ผลตอบแทนของ Bitcoin เหนือกว่าสินทรัพย์แทบทุกชนิดที่เรารู้จักในยุคปัจจุบัน

ในเชิงตัวเลข Bitcoin ให้ผลตอบแทนเฉลี่ยต่อปีราว 230% ตลอดทศวรรษ 2011–2021 ขณะที่ดัชนี S&P 500 ซึ่งขึ้นชื่อว่าให้ผลตอบแทนดีสม่ำเสมอ ยังมีค่าเฉลี่ยผลตอบแทนต่อปีประมาณ 10% กว่าๆ เท่านั้นเอง เมื่อนำมาคำนวณทบต้น

นั่นหมายความว่า.. ในช่วงเวลาประมาณ 10 ปีที่ผ่านมา มูลค่าของ Bitcoin เพิ่มขึ้นหลักหลายหมื่นเปอร์เซ็นต์ ในขณะที่ S&P 500 เพิ่มขึ้นเพียงไม่กี่ร้อยเปอร์เซ็นต์

ผลต่างระดับนี้ใหญ่พอที่จะเปลี่ยนวิธีที่เรามองความสำเร็จในการลงทุนไปเลยทีเดียว

มีการสังเกตด้วยว่าเพียงช่วงห้าปีหลังสุด ดัชนี S&P 500 สูญเสียมูลค่าประมาณเกือบ 90% หากวัดในหน่วยของบิตคอยน์

พูดอีกอย่างคือ..

ในสายตาของคนที่ถือ Bitcoin ไว้เป็นเกณฑ์ "เงิน 100 บาทที่ลงทุนในหุ้นเมื่อต้นช่วงเวลาดังกล่าว จะเหลือมูลค่าเพียงประมาณ 10 บาทเท่านั้นในปัจจุบัน* (เพราะ 90 บาทที่เหลือคือค่าเสียโอกาสที่หายไปเมื่อเทียบกับการถือ Bitcoin)

มุมมองแบบนี้ชวนให้เราตั้งคำถามว่า ที่ผ่านมาสินทรัพย์ที่ดูเหมือนมั่นคงปลอดภัย อาจไม่ปลอดภัยอย่างที่คิดเมื่อประเมินด้วยบรรทัดฐานใหม่

การเปรียบเทียบข้างต้นยังสะท้อนถึง ปัญหาการเสื่อมค่าของเงินเฟียต ซึ่งเราคุ้นเคยแต่บางครั้งมองข้ามความร้ายกาจของมัน

เงินดอลลาร์สหรัฐซึ่งเป็นสกุลเงินหลักของโลก สูญเสียอำนาจซื้อไปแล้วกว่า 96% ตั้งแต่ปี 1913 จนถึงปัจจุบัน (กล่าวคือ เงิน 1 ดอลลาร์ในสมัยนั้นมีค่าพอๆ กับเงินเกือบ 30 ดอลลาร์ในปัจจุบัน)

การที่ค่าเงินด้อยค่าลงเรื่อยๆ แบบนี้หมายความว่า ตัวเลขราคาในหน่วยเงินเฟียตอาจเพิ่มขึ้นทั้งที่มูลค่าที่แท้จริงไม่เพิ่ม

ยกตัวอย่างเช่น ดัชนี S&P 500 ทำจุดสูงสุดใหม่เป็นประวัติการณ์ในหน่วยดอลลาร์สหรัฐอยู่บ่อยครั้ง แต่หากปรับค่าด้วยปัจจัยเงินเฟ้อหรือปริมาณเงินที่พิมพ์เพิ่มเข้าไป เราจะพบว่ามูลค่าที่แท้จริงของดัชนีนี้ไม่ได้เพิ่มขึ้นมากอย่างที่เห็น

บางการวิเคราะห์ชี้ว่าหลังวิกฤตการเงินปี 2008 เป็นต้นมา แม้ดัชนี S&P 500 ในตัวเลขจะพุ่งขึ้นไม่หยุด แต่เมื่อหารด้วยปริมาณเงินที่เพิ่มขึ้น (เช่น M3) เส้นกราฟที่ได้กลับแทบไม่สูงไปกว่าจุดก่อนวิกฤตเลยด้วยซ้ำ

หมายความว่า.. ที่ราคาหุ้นสูงขึ้น ส่วนใหญ่ก็เพื่อไล่ตามสภาพคล่องเงินที่ไหลเข้าระบบเท่านั้น ไม่ได้สะท้อนการเติบโตแท้จริงของเศรษฐกิจมากนัก

เงินเฟ้อและการขยายตัวของปริมาณเงินจึงเปรียบเสมือน “หมอก” ที่บังตา ทำให้เรามองไม่ชัดว่าสิ่งใดเพิ่มมูลค่าแท้จริง สิ่งใดแค่ตัวเลขฟูขึ้นตามสกุลเงินที่ด้อยค่าลง

เมื่อ Bitcoin ถูกใช้เป็นหน่วยวัดเปรียบเทียบ มันทำหน้าที่เสมือนกระจกใสที่กวาดเอาหมอกเงินเฟ้อนั้นออกไป เราจึงเห็นภาพที่ต่างไปโดยสิ้นเชิง

เช่นเดียวกับกรณีที่เราเปรียบเทียบราคาสินค้าโภคภัณฑ์บางอย่างในหน่วย BTC ผลลัพธ์ก็อาจกลับทิศ

การทดลองหนึ่งของธนาคารเฟด สาขาเซนต์หลุยส์ เคยเล่นเปรียบเทียบราคา “ไข่ไก่หนึ่งโหล” ในหน่วยดอลลาร์กับในหน่วยบิตคอยน์

ปรากฏว่า... แม้ต้องการจะชี้ให้เห็นความผันผวนของ Bitcoin แต่ดันกลับตอกย้ำความจริงที่ว่า ในช่วงเงินเฟ้อสูง ราคาฟองไข่ที่ดูเพิ่มขึ้นเรื่อยๆ ในหน่วยดอลลาร์ จริงๆ แล้วทรงตัวหรือลดลงด้วยซ้ำเมื่อคิดเป็น BTC

นี่เป็นตัวอย่างสนุกๆ ที่บอกเราว่า กรอบอ้างอิง (frame of reference) ในการวัดมูลค่านั้นสำคัญเพียงใด

แน่นอนว่า Bitcoin เองก็มีความผันผวนสูงและยังอยู่ในช่วงเริ่มต้นเมื่อเทียบกับสินทรัพย์ดั้งเดิม

การที่มันพุ่งทะยานหลายหมื่นเปอร์เซ็นต์ที่ผ่านมาไม่ได้รับประกันว่ากราฟในหน่วย BTC ของสินทรัพย์ต่างๆ จะดิ่งลงอย่างนี้ไปตลอด

แต่สิ่งที่เกิดขึ้นแล้วได้ให้แง่คิดทางปรัชญาการเงินที่ลึกซึ้งกับเรา

อย่างแรกคือเรื่อง ค่าเสียโอกาส ที่กล่าวถึงตอนต้น ทุกการตัดสินใจทางการเงินมีต้นทุนค่าเสียโอกาสแฝงอยู่เสมอ เพียงแต่เมื่อก่อนเราอาจไม่เห็นมันชัดเจน

การเก็บออมเงินสดไว้เฉยๆ ในธนาคารมีต้นทุนคือผลตอบแทนที่สูญไปหากเราเลือกลงทุนอย่างอื่น การลงทุนในสินทรัพย์ A ก็ย่อมหมายถึงการไม่ได้ลงทุนในสินทรัพย์ B

หาก B นั้นให้ผลตอบแทนสูงกว่า เราก็สูญเสียส่วนต่างนั้นไป

สิบกว่าปีที่ผ่านมา Bitcoin ทำผลงานได้เหนือชั้นกว่าสินทรัพย์อื่นๆ มาก ค่าเสียโอกาสของการไม่ถือ Bitcoin จึงสูงลิ่วในช่วงนี้

สำหรับนักลงทุนที่มองย้อนกลับไป นี่คือบทเรียนราคาแพง บางคนอาจนึกเสียดายว่า “รู้งี้ซื้อบิตคอยน์ไว้ตั้งแต่แรกซะก็ดี”

แต่ประเด็นไม่ได้อยู่ที่การเสียดายอดีต แต่อยู่ที่ การตระหนักรู้ถึงค่าเสียโอกาสและผลกระทบของมันที่มีต่อความมั่งคั่งของเราในระยะยาว ต่างหาก

อีกแง่หนึ่งที่ลึกกว่านั้นคือเรื่อง กรอบในการวัดมูลค่า ของเราทุกวันนี้ว่าเหมาะสมแล้วหรือไม่

หากการที่เราใช้เงินเฟียตที่เสื่อมค่าเป็นตัววัด ทำให้เราประเมินค่าของสิ่งต่างๆ ผิดเพี้ยนไป การตัดสินใจทางเศรษฐกิจของเราก็อาจผิดทิศทางในระยะยาวได้

ลองนึกภาพว่า.. ถ้าเงินที่เราใช้อยู่มีมูลค่าเสถียรหรือเพิ่มขึ้นตามประสิทธิภาพการผลิตจริงๆ ของเศรษฐกิจ (เหมือนที่เงิน Bitcoin ถูกออกแบบมาให้ไม่เสื่อมค่าไปตามกาลเวลา) เราอาจไม่จำเป็นต้องวิ่งไล่หาผลตอบแทนสูงๆ เพียงเพื่อรักษามูลค่าเงินออมของตัวเองให้ทันเงินเฟ้อ

ผู้คนอาจวางแผนการเงินระยะยาวขึ้น แนวคิดเรื่อง “เวลาที่ต้องใช้” กับ “อัตราส่วนลดของอนาคต” (time preference) ก็จะเปลี่ยนไป

ดังที่ Ammous กล่าวไว้ใน The Bitcoin Standard ว่าเงินที่มีเสถียรภาพจะส่งเสริมให้คนออมและลงทุนในโครงการระยะยาวมากขึ้น ผิดกับระบบเงินเฟ้อที่ชักจูงให้ผู้คนรีบใช้จ่ายหรือเข้าร่วมเก็งกำไรระยะสั้นเพราะกลัวว่าเงินจะด้อยค่าไป

นี่ไม่ใช่แค่เรื่องการเงินส่วนบุคคล แต่สะท้อนถึงคุณภาพของการเติบโตทางเศรษฐกิจและนวัตกรรมในสังคมโดยรวมด้วย

หากเรามีหน่วยวัดมูลค่าที่เที่ยงตรง ไม่บิดเบือนไปตามนโยบายการเงินรายวัน เราก็อาจประเมินโครงการต่างๆ ได้ตามศักยภาพที่แท้จริงมากขึ้น เงินเฟ้อและการพิมพ์เงินจำนวนมากมักทำให้เกิดการลงทุนผิดที่ผิดทาง (malinvestment) เพราะสัญญาณราคาถูกบิดเบือน

เช่น ดอกเบี้ยที่ต่ำผิดปกติอาจทำให้เกิดหนี้ล้นเกินหรือลงทุนในโครงการที่ไม่ยั่งยืน

ในขณะที่มาตรฐานเงินที่เข้มงวดอย่าง Bitcoin อาจบังคับให้ทุกการลงทุนต้องมีเหตุผลรองรับที่แข็งแรงขึ้น เนื่องจากไม่สามารถอาศัยการอัดฉีดสภาพคล่องมาช่วยพยุงได้ง่ายๆ

เมื่อมาถึงตรงนี้..

เราอาจไม่ได้ข้อสรุปทันทีว่า “ต่อไปนี้ฉันควรถือ Bitcoin แทนที่จะลงทุนอย่างอื่น” และบทความนี้ก็ไม่ได้มีเจตนาจะชี้นำการลงทุนเช่นนั้น

เป้าหมายแท้จริงคือการเปิดมุมมองใหม่ว่า เราประเมินคุณค่าของสิ่งต่างๆ อย่างไร

ลองตั้งคำถามกับตัวเองว่า..

ทุกวันนี้เราวัดความร่ำรวยหรือความก้าวหน้าทางเศรษฐกิจด้วยหน่วยอะไร หน่วยนั้นวัดได้เที่ยงตรงหรือเปล่า?

หากเงินที่เราใช้วัดเองลดค่าลงทุกปีๆ เราจะมั่นใจได้อย่างไรว่าตัวเลขที่เพิ่มขึ้นบนกระดาษคือความมั่งคั่งที่เพิ่มขึ้นจริง?

การใช้ Bitcoin เป็นมาตรฐานเทียบเคียง เป็นเสมือนการลองวัดด้วยไม้บรรทัดอีกอันที่อาจตรงกว่าเดิม

ในหลายกรณีมันเผยให้เห็นภาพที่เราคาดไม่ถึงและท้าทายความเชื่อเดิมๆ ของเรา

บทเรียนที่ได้รับไม่ใช่ให้เราทุกคนเปลี่ยนไปคิดเป็น BTC ในชีวิตประจำวันทันที แต่คือการตระหนักว่า หน่วยวัดมีความหมาย และการมองโลกการเงินด้วยหน่วยวัดที่ต่างออกไปสามารถให้ข้อคิดที่ลึกซึ้งได้อย่างไร

ท้ายที่สุด ไม่ว่าจะเชื่อใน “มาตรฐานบิตคอยน์” หรือไม่นั้น ไม่สำคัญเท่ากับการที่เราได้ฉุกคิดและตั้งคำถามกับระบบที่เราใช้อยู่ทุกเมื่อเชื่อวัน

บางทีสิ่งที่ Bitcoin และปรัชญาการเงินแบบใหม่ๆ นำมาให้เรา อาจไม่ใช่คำตอบสำเร็จรูป แต่คือแรงกระตุ้นให้เราเปิดใจมองภาพใหญ่ของเศรษฐกิจในมุมที่กว้างขึ้น

ลองพิจารณาปัจจัยพื้นฐานอย่างค่าเงิน เวลา และโอกาสที่สูญเสียไปกับการตัดสินใจต่างๆ อย่างรอบด้านขึ้น

เมื่อเราเริ่มมองเห็นว่าการวัดมูลค่าของสิ่งต่างๆ ด้วย ไม้บรรทัดที่ต่างออกไป ให้อะไรเราได้บ้าง เราก็จะพร้อมที่จะปรับมุมมองและกลยุทธ์การเงินของตนเองให้เท่าทันโลกที่เปลี่ยนแปลงเสมอ

ไม่แน่ว่าในอนาคต เราอาจได้เห็นผู้คนพูดถึงราคาบ้านหรือดัชนีหุ้นในหน่วยบิตคอยน์อย่างเป็นเรื่องปกติ และการคิดเช่นนั้นอาจไม่ใช่เรื่องแปลกใหม่อีกต่อไป

เพราะเราได้เรียนรู้ที่จะมองผ่านเปลือกของหน่วยเงิน ไปสู่แก่นแท้ของมูลค่าจริงๆ ที่อยู่เบื้องหลังนั่นเอง

ขอบคุณ Thai Ratel สำหรับความกระจ่างในการวัดมูลค่าสินทรัพย์ต่าง ๆ ด้วยบิตคอยน์

@ d830ee7b:4e61cd62

In our daily lives, we often measure the value of things using familiar monetary units such as baht or dollars. We feel delighted when our investments "increase" in these units.

However, few people stop to consider how stable the measuring stick itself is. If the ruler we use to measure value keeps shrinking, the objects we measure may appear longer, even though their actual size remains unchanged. This concept reflects the way we assess economic value in constantly changing monetary units, leading us to the principle of opportunity cost in investment: when we choose to hold one type of asset, we are always giving up the opportunity to earn returns from another.

Understanding what serves as our standard measure and the opportunity costs that come with it is the first step toward exploring a new perspective on wealth assessment.

In this context, Bitcoin has been proposed as a new "standard" for measuring value, much like gold once served as the global financial standard in the past. Some view Bitcoin as the "digital gold standard" that could support the international financial system in the future.

A key reason Bitcoin is considered "sound money" is its rarity—something modern currencies lack. Its supply is permanently capped at 21 million units, meaning no central bank can print more at will. This contrasts with fiat money, such as the dollar or baht, which constantly increases in supply due to government policies.

As a result, Bitcoin is resistant to inflation-induced depreciation and can retain its value over the long term, much like gold in the past. Many therefore consider it "sound money"—a form of currency that is stable and reliable in preserving value over time.

This idea opens the door to using Bitcoin as a benchmark for comparing the value of other assets, offering a fresh perspective on the economy.

Imagine a graph that compares the leading stock index, the S&P 500, in Bitcoin terms instead of dollars. This graph would reveal a drastically different picture from the conventional charts we are familiar with. Looking back to 2011, the S&P 500 was around 1,300 points, while Bitcoin was priced at less than $1.

This means the S&P 500 index was valued at approximately 1,300 BTC at the time. However, as Bitcoin's price surged over the years—reaching tens of thousands of dollars per BTC in 2021–2022—the value of the S&P 500, when measured in BTC, shrank dramatically.

Suppose the S&P 500 currently stands at around 4,000 points, while Bitcoin is priced at six figures in dollars. The entire S&P 500 index might be worth less than 0.05 BTC.

The resulting graph would show a consistent downward trend in the S&P 500's value (when measured in BTC) over the past decade.

This means Bitcoin has appreciated relative to traditional financial assets like stocks—to the extent that simply holding Bitcoin has outperformed investing in major stock indices.

As surprising as this may seem, the data tells this story: from the perspective of a Bitcoin standard, even the high-performing U.S. stock market appears lackluster.

Data from the past decade reinforces this view. Bitcoin has outperformed nearly every asset class known today. In numerical terms, Bitcoin delivered an average annual return of approximately 230% from 2011 to 2021, whereas the S&P 500, which is renowned for its consistent performance, achieved an average annual return of just over 10%.

When compounded over time, this means Bitcoin's value increased by tens of thousands of percent over the past decade, while the S&P 500's value rose by only a few hundred percent.

The magnitude of this difference is significant enough to reshape how we perceive investment success. Observations also indicate that in just the past five years, the S&P 500 has lost nearly 90% of its value when measured in Bitcoin.

In other words, for someone using Bitcoin as their benchmark, a 100-baht investment in stocks at the beginning of this period would be worth only about 10 baht today—the remaining 90 baht representing the opportunity cost of not holding Bitcoin.

This perspective challenges our assumptions about the stability of supposedly safe assets when evaluated under a new standard.

This comparison also highlights the issue of fiat currency depreciation—something we are familiar with but often underestimate. The U.S. dollar, the world's primary reserve currency, has lost over 96% of its purchasing power since 1913.

This means that what $1 could buy back then now requires nearly $30. This ongoing depreciation implies that prices in fiat terms may rise even when real value does not. For example, the S&P 500 frequently reaches all-time highs in U.S. dollar terms.

However, when adjusted for inflation or money supply expansion, its real value has not increased as much as it seems. Some analyses suggest that since the 2008 financial crisis, although the S&P 500's nominal value has surged, when divided by the expanding money supply (such as M3), its graph remains largely unchanged from pre-crisis levels.

This suggests that stock prices have risen primarily in response to liquidity injections rather than genuine economic growth. Inflation and monetary expansion act like a "fog," obscuring our ability to discern real value from mere numerical increases.

When Bitcoin is used as a comparative unit, it acts as a clear lens that removes this inflationary fog, revealing a completely different picture.

The same applies when comparing commodity prices in BTC. A notable experiment by the St. Louis Federal Reserve once examined the price of "a dozen eggs" in both dollars and Bitcoin. While the study aimed to highlight Bitcoin’s volatility, it inadvertently reinforced the point that during periods of high inflation, the price of eggs, which seemed to rise continuously in dollars, actually remained stable or even declined in BTC terms.

This amusing example illustrates the profound impact of measurement standards.

Of course, Bitcoin itself is highly volatile and still in its early stages compared to traditional assets. Its meteoric rise over the past decade does not guarantee that all asset graphs in BTC terms will continue declining indefinitely. However, what has already transpired provides deep financial insights.

The first takeaway is the concept of opportunity cost mentioned earlier—every financial decision has an inherent cost, even if we do not always recognize it. Holding cash in a bank carries the opportunity cost of the returns one could earn by investing elsewhere. Investing in asset A means missing out on asset B, and if B delivers higher returns, we incur that loss.

Over the past decade, Bitcoin has outperformed all other assets by a wide margin, making the opportunity cost of not holding Bitcoin extremely high. Investors looking back on this period might regret not having bought Bitcoin earlier, but the key lesson is not about dwelling on past decisions—it is about becoming aware of opportunity costs and their long-term impact on wealth.

On a deeper level, this discussion raises questions about whether our current valuation framework is truly appropriate. If using a depreciating fiat currency as a benchmark distorts our perception of value, our economic decisions may be misaligned in the long run.

Imagine a scenario where money retains or even appreciates in value in line with real economic productivity (as Bitcoin was designed to do). In such a system, people would not need to chase high returns merely to preserve their savings from inflation. They could plan finances with a longer-term perspective. Concepts like "time preference" and "discounting the future" would shift.

It is often argued that sound money encourages saving and long-term investment, whereas inflationary systems push people toward short-term spending or speculation out of fear that their money will lose value.

This is not just a matter of personal finance but a fundamental influence on the quality of economic growth and innovation. A sound money standard like Bitcoin might enforce stricter investment discipline, as liquidity injections could no longer be used as a safety net for unsustainable projects.

At this point, readers may not conclude that they should immediately hold Bitcoin instead of investing in other assets—and this article is not intended as investment advice. Its real purpose is to provoke thought about how we measure value.

Ask yourself: What unit do we use to gauge wealth and economic progress? Is that unit reliable?

If the money we use for measurement loses value every year, how can we be sure that increasing numbers on paper reflect true wealth growth?

Using Bitcoin as a reference standard is like measuring with a new ruler—one that may be more accurate. In many cases, it reveals unexpected insights and challenges long-held beliefs.

Ultimately, whether or not one believes in the "Bitcoin standard" is less important than the ability to critically examine the system we rely on daily.

Perhaps the greatest value Bitcoin and new financial philosophies offer is not a definitive answer but the impetus to look at the bigger economic picture with fresh eyes.

Thank you, Thai Ratel, for enlightening me on this topic!

Jakk Goodday.

@ bf47c19e:c3d2573b

Originalni tekst na medium.com.

Autor: Aleksandar Svetski / Prevod: ₿itcoin Serbia

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Nemojte kupovati Bitkoin!

Ni danas, ni kasnije, nikada!

Posvećeno skepticima, neznalicama, arogantnima i nezainteresovanima.

NE TREBA vam Bitkoin.

Molim vas. Nemojte ga kupovati.

Lično me ne zanima "masovna adopcija".

Draža mi je selektivna adopcija.

Svinja ne zaslužuje bisere.

Na vama je da platite cenu neznanja.

Kao i cenu glupavosti.

Kada dođe vreme, sa zadovoljstvom ću vam platiti hiljadu satošija mesečno za vaše vreme i smejati se usput.

Najbitnija odluka koju ćete ikada doneti

NEMA važnije odluke za vašu finansijsku, ekonomsku i suverenu budućnost koju danas možete doneti nego da kupite Bitkoin.

A ako ne želite da izdvojite malo vremena da ga dalje proučite, JEDINA osoba koju treba da krivite kasnije ste vi sami.

Danas, Bitkoin se nalazi u svojoj ranoj, početnoj fazi. O ovome možete više pročitati ovde (hvala ObiWan Kenobit):

Hiperbitkoinizacija: pobednik uzima sve

Ovo JE prilika ne samo vašeg života, već verovatno i najveći mogući transfer bogatstva u istoriji, a najluđa stvar je što će se najveći deo toga odigrati u narednih nekoliko decenija.

Nalazimo se tek u prvih 12 godina ove promene, a već smo videlo kako je Bitkoin eksplodirao sa $0.008c (kada su za 10.000 BTC kupljene dve pice) na trenutnu cenu od oko $11.500.

Ovo je tek početak. Tek 0.001% svetskog bogatstva je denominirano u Bitkoinu.

Ako sada izdvojite samo trenutak da razumete novac, njegovu ulogu u društvu i kako će ekonomski darvinizam voditi ceo svet prema najrobusnijem, najčvršćem i najsigurnijem obliku očuvanja bogatstva, možete odlučiti da kupite neki deo pre nego što se ostatak sveta priključi.

Čitajući ovo, vi ste poput drevnog pojedinca koji je pronašao zlato, dok svi ostali koriste školjke. Razlika je u tome što živite u digitalnom dobu tokom kojeg će se ovaj novac pojaviti i sazreti za vreme vašeg života. Taj drevni pojedinac bi bio u pravu ali mrtav zato što je zlatu bilo potrebno nekoliko hiljada godina da uradi ono za šta će Bitkoinu biti potrebne decenije.

Zamislite. Se. Nad. Tim.

I naučite dalje o nastanku Bitkoina ovde:

Zašto je Bitkoin važan

I za ime ljubavi prema sopstvenoj budućnosti, preuzmite ovu kratku elektronsku knjigu i jebeno se edukujte!!

Preuzmite "Investiranje u Bitkoin"

I eto, dajem vam izvore.. jbt.. Svejedno...

Danas, imate izbor da kupite Bitkoin; najoskudniji novac u univerzumu, za siću!! Bukvalno možete kupiti hiljade satošija (najmanju jedinicu Bitkoina gde je 100.000.000 satošija = 1 BTC) za $1!!!

Danas ne postoji veća prilika, kao što sutradan neće postojati veće žaljenje kada više ne budete imali "izbor" da ga kupite.

Kada taj dan bude došao i kada budete to morali da prihvatite, setićete se ovih reči, ali avaj, biće prekasno, a vreme ne možete vratiti.

Više nije 2012

Tada ste imali izgovor. Sada je 2020...

Apsolutno NEMA razloga zašto neko sa malo radoznalosti i relativno funkcionalnim mozgom ne može da prouči šta je Bitkoin, zašto postoji, zašto je važan i zašto bi trebalo da u njega prebaci malo ličnog bogatstva.

Naročito ako ima prijatelja poput mene ili mnoštvo Bitkoinera negde tamo.

Ja više neću smarati ljude sa porukama "zašto treba kupiti Bitkoin".

Više nije 2012. godina.

Danas imamo toliko puno informacija od toliko mnogo dobrih ljudi na svim mogućim medijima, tako da NEMATE IZGOVORA da ga ignorišete ili kažete: "ali niko mi nije rekao".

Ukoliko nemate da izdvojite bar malo vremena od vašeg Netflix rasporeda da biste istražili šta je ova stvar i zašto je bitna za vašu ličnu ekonomsku budućnost, onda zaslužujete to što imate.

Deluje okrutno ali dobrodošao u život, mladi žutokljunče.

Sada... Ako ste izdvojili malo vremena ali ste i dalje nezainteresovani ili dovoljno glupi da ga odbacite, onda zaista zaslužujete to što dolazi i ostatak ovog članka je definitivno za vas.

Ne želim da uopšte kupite Bitkoin!

Ok Aleks, ali šta ćemo sa "masovnom adopcijom"???

Pažljivo me slušajte:

Zabole me kurac da li će masovna adopcija doći za 10, 20, 50 ili 100 godina!

Ja sam skroz za selektivnu adopciju i potpuno za dugačku igru. Tako da sam spreman da čekam.

Kao u SVIM prirodnim, evolutivno funkcionalnim sistemima, oni koji seju i pomažu u izgradnji temelja bi trebalo da budu i nesrazmerno nagrađeni.

Ovo je 100% fer i predivno nejednako (neki od vas koji me znate ste upoznati sa mojim stavom o nejednakosti kao najprezrenijem od svih ljudskih ideala. Radi se o odvratnom idealu koji nagrađuje najgore među nama).

Tako da za skeptike i "neverne Tome" imam jednostavnu poruku:

Nadam se da nećete uopšte kupiti Bitkoin. Ni danas ni bilo kada. Nadam se da će jedini put kada budete stupili u dodir sa Bitkoinom to biti jedini način da za nešto budete isplaćeni; npr. kada budete morali da ga zaradite.

Jedva čekam dan kada će mojih nekoliko hiljada satošija moći da kupi tri, četiri ili pet meseci vašeg vremena.

A u međuvremenu...

Molim vas, držite se vašeg fiat novca. Molim vas, držite se vaših šitkoina.

Ne želim nikoga od vas "blokčejnera", šitkoinera, fiat nokoinera i vas svih ostalih klovnova koji mislite da znate bolje.

Ovaj rolerkoster je specijalan, tako da zašto bih želeo da ga delim sa vama glupanderima? Zašto bih bacao bisere pred svinje?

Ja verujem u principe isključivosti.

Ovo nije "kumbaya" ili "svi smo jedno". Jebite se.

Sa razlogom smo drugačiji.

Napraviću sam svoj krevet i ležati u njemu. Vi napravite svoje.

Kada bude došlo vreme, ja ću vam za vaše vreme plaćati satošijima zato što onda nećete imati izbora.

Tada ja pobeđujem, a vi gubite.

Kako sejete, tako žanjete

Razlika između mene i vas je ta što ja kupujem Bitkoin sada zato što tako želim. Vi ćete morati da radite za Bitkoin sutra zato što tako morate.

To je cena neznanja. To je cena arogancije.

To je cena gluposti koju ćete platiti i, koliko god ovo zvuči okrutno, istina je da zaslužujete svaki delić toga.

Svi ležimo u krevetu koji sami pravimo, a vi svoj krevet pravite sada.

Neće vam samouvereni Bitkoiner reći: "lepo sam vam rekao". Nova ekonomska realnost će vam to reći umesto njega.

"Lepo sam vam rekao" će vas udariti poput tone cigle kada shvatite razliku između vas i onih koji su bili razboriti, koji su marljivo štedeli, koji su uložili vreme i trud da otkriju šta je zapravo Bitkoin dok su ih svi nazivali ludacima.

Neće biti sažaljenja.

Nema više bacanja bisera pred svinje

Oni koji imaju priliku da kupe nešto Bitkoina sada, a odluče da to ne urade zahvaljujući neznanju, aroganciji ili gluposti, zaslužuju da plate sa kamatom.

Zaslužuju da trguju svoje sutrašnje dragoceno vreme i energiju za ono što su mogli da nabave danas i to bukvalno "za kikiriki".

Ovde nema greške: nismo jednaki. Mi smo veoma, veoma različiti ljudi.

Ja sam uložio vreme, trud i energiju sada, ne samo zbog sebe samog, već i da bih posadio seme i pomogao mreži.

Uradio sam svoj deo.

Vi ćete doći kasnije i pomoći mi da žanjem nagrade svog truda. Postojaćete da biste mi pomogli da uživam u plodovima.

To će biti vaša uloga.

Izabrao sam da rizikujem i steknem deo onoga zbog čega su me svi nazivali ludim zato što sam učio, verovao i shvatio danas, sa nadom da se izgradi bolja, poštenija i pravičnija budućnost za sve.

Radeći to, neki od nas će postati džinovi i nesrazmerno bogati. I vi imate tu šansu ali je mnogi od vas neće iskoristiti.

I ja sam skroz ok sa tim. Više neću bacati bisere pred svinje.

---

Ovaj članak može zvučati neprijatno ali više me zabole kurac. Sada je na vama da sami istražujete.

Ovo se događa bez obzira sviđalo vam se to ili ne. Ja i hiljade drugih Bitkoinera smo pisali eseje i eseje o ovome.

Neka imena sa kvalitetnim materijalom kojih se mogu setiti iz glave su:

• Naravno ja
• Gigi
• Robert Breedlove
• Saifedean Ammous

Ako ste radoznali možete ih pratiti. A ovo je sjajno mesto gde možete preuzeti nekoliko odličnih radova:

The Bitcoin Times

I za kraj, ako si Bitkoiner koji ovo čita, nikada nećeš znati da li sam zloban ili samo igram 4D šah.

Iskreno, nije ni bitno.

Ovo se dešava. Bitkoin osvaja svet. Ekonomski darvinizam je činjenica.

Sakupljajte vaše satošije, ponudite maslinovu grančicu, obratite pažnju na njihovu radoznalost ili iskru u njihovom oku kao znak da nastavite. Ukoliko toga nema ili naiđete na odbijanje, ostavite ih da se igraju kao svinje u govnima sa njihovim fiatom, deonicama ili šitkoinima.

Biće nam potrebni čistači za naše citadele.

@ 6e0ea5d6:0327f353

Ascolta bene, amico mio. Admiration is always better than mere understanding!

Simple understanding in a relationship is an easy, almost automatic gesture. Any woman can understand a man, tolerate his flaws, and accept his presence. But this often stems from pity, convenience, or merely the habit of having someone around. Understanding without admiration is not respect; it is resignation. A woman who only understands but does not admire may stay by your side, but she will never be truly loyal in her heart. And who wants to be merely tolerated out of pity when they could be followed with pride?

Admiration, on the other hand, is the pillar that upholds any worthy relationship. It’s not just about liking someone; it’s about recognizing the value in a man's daily battles, not just his victories. A woman who truly admires you takes pride in your strength, respects your struggles, and walks beside you with her head held high. She doesn’t just accept you—she follows you to the end because she sees greatness in what you build and what you represent.

Admiration is not just about affection; it’s about looking at the man beside you and feeling deep respect for who he is, what he builds, and what he stands for. Without that, what remains? Tolerance? Indifference? The woman who merely understands accepts your existence, but the one who admires follows you with pride because she sees value in your struggle, your strength, and your legacy.

So forget about being “understood” as a priority. Understanding can be a mere transaction, but admiration is the true foundation of any dignified relationship.

If your woman does not admire you for what you do, who you are, and what you build, she is either occupying a space she does not deserve, or you are too weak to be admired.

Thank you for reading, my friend!

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

A toast to our family!

@ 4523be58:ba1facd0

NIP-117

The Double Ratchet Algorithm

The Double Ratchet is a key rotation algorithm for secure private messaging.

It allows us to 1) communicate on Nostr without revealing metadata (who you are communicating with and when), and 2) keep your message history and future messages safe even if your main Nostr key is compromised.

Additionally, it enables disappearing messages that become undecryptable when past message decryption keys are discarded after use.

See also: NIP-118: Nostr Double Ratchet Invites

Overview

"Double ratchet" means we use 2 "ratchets": cryptographic functions that can be rotated forward, but not backward: current keys can be used to derive next keys, but not the other way around.

Ratchet 1 uses Diffie-Hellman (DH) shared secrets and is rotated each time the other participant acknowledges a new key we have sent along with a previous message.

Ratchet 2 generates encryption keys for each message. It rotates after every message, using the previous message's key as input (and the Ratchet 1 key when it rotates). This process ensures forward secrecy for consecutive messages from the same sender in between Ratchet 1 rotations.

Nostr implementation

We implement the Double Ratchet Algorithm on Nostr similarly to Signal's Double Ratchet with header encryption, but encrypting the message headers with NIP-44 conversation keys instead of symmetric header keys.

Ratchet 1 keys are standard Nostr keys. In addition to encryption, they are also used for publishing and subscribing to messages on Nostr. As they are rotated and not linked to public Nostr identities, metadata privacy is preserved.

Nostr event format

Message

Outer event

typescript { kind: 1060, content: encryptedInnerEvent, tags: [["header", encryptedHeader]], pubkey: ratchetPublicKey, created_at, id, sig }

We subscribe to Double Ratchet events based on author public keys which are ephemeral — not used for other purposes than the Double Ratchet session. We use the regular event kind 1060 to differentiate it from other DM kinds, retrieval of which may be restricted by relays.

The encrypted header contains our next nostr public key, our previous sending chain length and the current message number.

Inner event

Inner events must be NIP-59 Rumors (unsigned Nostr events) allowing plausible deniability.

With established Nostr event kinds, clients can implement all kinds of features, such as replies, reactions, and encrypted file sharing in private messages.

Direct message and encrypted file messages are defined in NIP-17.

Algorithm

Signal's Double Ratchet with header encryption document is a comprehensive description and explanation of the algorithm.

In this NIP, the algorithm is only described in code, in order to highlight differences to the Signal implementation.

External functions

We use the following Nostr functions (NIP-01):

• generateSecretKey() for creating Nostr private keys
• finalizeEvent(partialEvent, secretKey) for creating valid Nostr events with pubkey, id and signature

We use NIP-44 functions for encryption:

• nip44.encrypt
• nip44.decrypt
• nip44.getConversationKey

NIP-59:

• createRumor

Key derivation function:

```typescript export function kdf( input1: Uint8Array, input2: Uint8Array = new Uint8Array(32), numOutputs: number = 1 ): Uint8Array[] { const prk = hkdf_extract(sha256, input1, input2);

const outputs: Uint8Array[] = []; for (let i = 1; i <= numOutputs; i++) { outputs.push(hkdf_expand(sha256, prk, new Uint8Array([i]), 32)); } return outputs; } ```

Session state

With this information you can start or continue a Double Ratchet session. Save it locally after each sent and received message.

```typescript interface SessionState { theirCurrentNostrPublicKey?: string; theirNextNostrPublicKey: string;

ourCurrentNostrKey?: KeyPair; ourNextNostrKey: KeyPair;

rootKey: Uint8Array; receivingChainKey?: Uint8Array; sendingChainKey?: Uint8Array;

sendingChainMessageNumber: number; receivingChainMessageNumber: number; previousSendingChainMessageCount: number;

// Cache of message & header keys for handling out-of-order messages // Indexed by Nostr public key, which you can use to resubscribe to unreceived messages skippedKeys: { [pubKey: string]: { headerKeys: Uint8Array[]; messageKeys: { [msgIndex: number]: Uint8Array }; }; }; } ```

Initialization

Alice is the chat initiator and Bob is the recipient. Ephemeral keys were exchanged earlier.

```typescript static initAlice( theirEphemeralPublicKey: string, ourEphemeralNostrKey: KeyPair, sharedSecret: Uint8Array ) { // Generate ephemeral key for the next ratchet step const ourNextNostrKey = generateSecretKey();

// Use ephemeral ECDH to derive rootKey and sendingChainKey const [rootKey, sendingChainKey] = kdf( sharedSecret, nip44.getConversationKey(ourEphemeralNostrKey.private, theirEphemeralPublicKey), 2 );

return { rootKey, theirNextNostrPublicKey: theirEphemeralPublicKey, ourCurrentNostrKey: ourEphemeralNostrKey, ourNextNostrKey, receivingChainKey: undefined, sendingChainKey, sendingChainMessageNumber: 0, receivingChainMessageNumber: 0, previousSendingChainMessageCount: 0, skippedKeys: {}, }; }

static initBob( theirEphemeralPublicKey: string, ourEphemeralNostrKey: KeyPair, sharedSecret: Uint8Array ) { return { rootKey: sharedSecret, theirNextNostrPublicKey: theirEphemeralPublicKey, // Bob has no ‘current’ key at init time — Alice will send to next and trigger a ratchet step ourCurrentNostrKey: undefined, ourNextNostrKey: ourEphemeralNostrKey, receivingChainKey: undefined, sendingChainKey: undefined, sendingChainMessageNumber: 0, receivingChainMessageNumber: 0, previousSendingChainMessageCount: 0, skippedKeys: {}, }; }

```

Sending messages

```typescript sendEvent(event: Partial) { const innerEvent = nip59.createRumor(event) const [header, encryptedData] = this.ratchetEncrypt(JSON.stringify(innerEvent));

const conversationKey = nip44.getConversationKey(this.state.ourCurrentNostrKey.privateKey, this.state.theirNextNostrPublicKey); const encryptedHeader = nip44.encrypt(JSON.stringify(header), conversationKey);

const outerEvent = finalizeEvent({ content: encryptedData, kind: MESSAGE_EVENT_KIND, tags: [["header", encryptedHeader]], created_at: Math.floor(now / 1000) }, this.state.ourCurrentNostrKey.privateKey);

// Publish outerEvent on Nostr, store inner locally if needed return {outerEvent, innerEvent}; }

ratchetEncrypt(plaintext: string): [Header, string] { // Rotate sending chain key const [newSendingChainKey, messageKey] = kdf(this.state.sendingChainKey!, new Uint8Array([1]), 2); this.state.sendingChainKey = newSendingChainKey; const header: Header = { number: this.state.sendingChainMessageNumber++, nextPublicKey: this.state.ourNextNostrKey.publicKey, previousChainLength: this.state.previousSendingChainMessageCount }; return [header, nip44.encrypt(plaintext, messageKey)]; } ```

Receiving messages

```typescript handleNostrEvent(e: NostrEvent) { const [header, shouldRatchet, isSkipped] = this.decryptHeader(e);

if (!isSkipped) { if (this.state.theirNextNostrPublicKey !== header.nextPublicKey) { // Received a new key from them this.state.theirCurrentNostrPublicKey = this.state.theirNextNostrPublicKey; this.state.theirNextNostrPublicKey = header.nextPublicKey; this.updateNostrSubscriptions() }

if (shouldRatchet) {
  this.skipMessageKeys(header.previousChainLength, e.pubkey);
  this.ratchetStep(header.nextPublicKey);
}

}

decryptHeader(event: any): [Header, boolean, boolean] { const encryptedHeader = event.tags[0][1]; if (this.state.ourCurrentNostrKey) { const conversationKey = nip44.getConversationKey(this.state.ourCurrentNostrKey.privateKey, event.pubkey); try { const header = JSON.parse(nip44.decrypt(encryptedHeader, conversationKey)) as Header; return [header, false, false]; } catch (error) { // Decryption with currentSecret failed, try with nextSecret } }

const nextConversationKey = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, event.pubkey); try { const header = JSON.parse(nip44.decrypt(encryptedHeader, nextConversationKey)) as Header; return [header, true, false]; } catch (error) { // Decryption with nextSecret also failed }

const skippedKeys = this.state.skippedKeys[event.pubkey]; if (skippedKeys?.headerKeys) { // Try skipped header keys for (const key of skippedKeys.headerKeys) { try { const header = JSON.parse(nip44.decrypt(encryptedHeader, key)) as Header; return [header, false, true]; } catch (error) { // Decryption failed, try next secret } } }

throw new Error("Failed to decrypt header with current and skipped header keys"); }

ratchetDecrypt(header: Header, ciphertext: string, nostrSender: string): string { const plaintext = this.trySkippedMessageKeys(header, ciphertext, nostrSender); if (plaintext) return plaintext;

this.skipMessageKeys(header.number, nostrSender);

// Rotate receiving key const [newReceivingChainKey, messageKey] = kdf(this.state.receivingChainKey!, new Uint8Array([1]), 2); this.state.receivingChainKey = newReceivingChainKey; this.state.receivingChainMessageNumber++;

return nip44.decrypt(ciphertext, messageKey); }

ratchetStep(theirNextNostrPublicKey: string) { this.state.previousSendingChainMessageCount = this.state.sendingChainMessageNumber; this.state.sendingChainMessageNumber = 0; this.state.receivingChainMessageNumber = 0; this.state.theirNextNostrPublicKey = theirNextNostrPublicKey;

// 1st step yields the new conversation key they used const conversationKey1 = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, this.state.theirNextNostrPublicKey!); // and our corresponding receiving chain key const [theirRootKey, receivingChainKey] = kdf(this.state.rootKey, conversationKey1, 2); this.state.receivingChainKey = receivingChainKey;

// Rotate our Nostr key this.state.ourCurrentNostrKey = this.state.ourNextNostrKey; const ourNextSecretKey = generateSecretKey(); this.state.ourNextNostrKey = { publicKey: getPublicKey(ourNextSecretKey), privateKey: ourNextSecretKey };

// 2nd step yields the new conversation key we'll use const conversationKey2 = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, this.state.theirNextNostrPublicKey!); // And our corresponding sending chain key const [rootKey, sendingChainKey] = kdf(theirRootKey, conversationKey2, 2); this.state.rootKey = rootKey; this.state.sendingChainKey = sendingChainKey; }

skipMessageKeys(until: number, nostrSender: string) { if (this.state.receivingChainMessageNumber + MAX_SKIP < until) { throw new Error("Too many skipped messages"); }

if (!this.state.skippedKeys[nostrSender]) { this.state.skippedKeys[nostrSender] = { headerKeys: [], messageKeys: {} };

if (this.state.ourCurrentNostrKey) {
  const currentSecret = nip44.getConversationKey(this.state.ourCurrentNostrKey.privateKey, nostrSender);
  this.state.skippedKeys[nostrSender].headerKeys.push(currentSecret);
}
const nextSecret = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, nostrSender);
this.state.skippedKeys[nostrSender].headerKeys.push(nextSecret);

}

while (this.state.receivingChainMessageNumber < until) { const [newReceivingChainKey, messageKey] = kdf(this.state.receivingChainKey!, new Uint8Array([1]), 2); this.state.receivingChainKey = newReceivingChainKey; this.state.skippedKeys[nostrSender].messageKeys[this.state.receivingChainMessageNumber] = messageKey; this.state.receivingChainMessageNumber++; } }

trySkippedMessageKeys(header: Header, ciphertext: string, nostrSender: string): string | null { const skippedKeys = this.state.skippedKeys[nostrSender]; if (!skippedKeys) return null;

const messageKey = skippedKeys.messageKeys[header.number]; if (!messageKey) return null;

delete skippedKeys.messageKeys[header.number];

if (Object.keys(skippedKeys.messageKeys).length === 0) { delete this.state.skippedKeys[nostrSender]; }

return nip44.decrypt(ciphertext, messageKey); } ```

@ 6389be64:ef439d32

GA, plebs. The latest episode of Bitcoin And is out, and, as always, the chicanery is running rampant. Let’s break down the biggest topics I covered, and if you want the full, unfiltered rant, make sure to listen to the episode linked below.

House Democrats’ MEME Act: A Bad Joke?

House Democrats are proposing a bill to ban presidential meme coins, clearly aimed at Trump’s and Melania’s ill-advised token launches. While grifters launching meme coins is bad, this bill is just as ridiculous. If this legislation moves forward, expect a retaliatory strike exposing how politicians like Pelosi and Warren mysteriously amassed their fortunes. Will it pass? Doubtful. But it’s another sign of the government’s obsession with regulating everything except itself.

Senate Banking’s First Digital Asset Hearing: The Real Target Is You

Cynthia Lummis chaired the first digital asset hearing, and—surprise!—it was all about control. The discussion centered on stablecoins, AML, and KYC regulations, with witnesses suggesting Orwellian measures like freezing stablecoin transactions unless pre-approved by authorities. What was barely mentioned? Bitcoin. They want full oversight of stablecoins, which is really about controlling financial freedom. Expect more nonsense targeting self-custody wallets under the guise of stopping “bad actors.”

Bank of America and PayPal Want In on Stablecoins

Bank of America’s CEO openly stated they’ll launch a stablecoin as soon as regulation allows. Meanwhile, PayPal’s CEO paid for a hat using Bitcoin—not their own stablecoin, Pi USD. Why wouldn’t he use his own product? Maybe he knows stablecoins aren’t what they’re hyped up to be. Either way, the legacy financial system is gearing up to flood the market with stablecoins, not because they love crypto, but because it’s a tool to extend U.S. dollar dominance.

MetaPlanet Buys the Dip

Japan’s MetaPlanet issued $13.4M in bonds to buy more Bitcoin, proving once again that institutions see the writing on the wall. Unlike U.S. regulators who obsess over stablecoins, some companies are actually stacking sats.

UK Expands Crypto Seizure Powers

Across the pond, the UK government is pushing legislation to make it easier to seize and destroy crypto linked to criminal activity. While they frame it as going after the bad guys, it’s another move toward centralized control and financial surveillance.

Bitcoin Tools & Tech: Arc, SatoChip, and Nunchuk

Some bullish Bitcoin developments: ARC v0.5 is making Bitcoin’s second layer more efficient, SatoChip now supports Taproot and Nostr, and Nunchuk launched a group wallet with chat, making multisig collaboration easier.

The Bottom Line

The state is coming for financial privacy and control, and stablecoins are their weapon of choice. Bitcoiners need to stay focused, keep their coins in self-custody, and build out parallel systems. Expect more regulatory attacks, but don’t let them distract you—just keep stacking and transacting in ways they can’t control.

🎧 Listen to the full episode here: https://fountain.fm/episode/PYITCo18AJnsEkKLz2Ks

💰 Support the show by boosting sats on Podcasting 2.0! and I will see you on the other side.

@ 2ed3596e:98b4cc78

Pay anyone in Canada with bitcoin! One step closer to replacing your bank with Bitcoin Well

Everyone who accepts e-Transfers, now accepts bitcoin! Canadians with a Bitcoin Well account can send money to anyone via e-Transfer using their bitcoin in self custody. Typical transactions, like rent payments, paying friends back for dinner, paying your cleaning lady or even to pay for that new (to you) boom box on Facebook marketplace, can now be paid quickly, securely and cheaper with your Bitcoin Well account. And best of all, it’s all done with bitcoin in self custody. Keep reading to learn more!

How to send an e-Transfer to anyone in Canada using bitcoin:

From the sell page in your Bitcoin Well account you can select the network (Bitcoin or Lightning Network) and how many dollars you’d like to send via e-Transfer. For more information on the Lightning Network click here.

Next you will see a new dropdown where you can choose the recipient for the e-Transfer. It will be the email on your Bitcoin Well account by default.

To add a new recipient, select the drop down and “Add recipient”. Here you will be asked to provide the recipient’s name, email and the security question/answer you’d like to provide for the e-Transfer.

You’ll be responsible for telling them the security question and answer, so don’t forget!

You can also invite your recipient to join Bitcoin Well with your ref link! You’ll earn Bitcoin Well points and sats when they use Bitcoin Well!

If you chose the Bitcoin network:

With all your information entered, you will be able to send bitcoin to the bitcoin address on screen and an e-Transfer will be sent to your recipient after 1 confirmation.

Note! This bitcoin address is permanently associated with your recipient. Any and all bitcoin received by this bitcoin address will be automatically converted into dollars and sent to your recipient; even if you do not login to your Bitcoin Well account!

If you chose the Lightning Network:

Select “Generate Invoice” to generate an LN-invoice which will be associated with your transaction. Once that invoice is paid an e-Transfer will be immediately sent to your desired recipient.

Of course, you can still send sats to your Bitcoin Well Payment Address any time to receive an e-Transfer yourself.

Banks out; Bitcoin Standard in

Bitcoin Well arms its customers with the knowledge and tools to fully live on a Bitcoin Standard and maximize their independence by keeping bitcoin in self custody instead of dollars in their bank.

Bitcoin Well now enables the same instant and fast transfer capabilities as a bank, but facilitated with bitcoin in self custody!

Replace your bank with Bitcoin Well!

Earn sats from your bitcoin transactions

Bitcoin Well is also the best place in the world to earn bitcoin. When you earn points in your Bitcoin Well account, you gain the opportunity to play the Bitcoin (Wishing) Well, where you win sats with every play.

The best part? We send bitcoin that you win straight to your personal wallet via the Lightning Network.

Oh yeah, did we mention you can win 1,000,000 sats? If you're an active Bitcoin Well customer, there is a chance you've earned a pile of points. The more you use your account for buying, selling or spending bitcoin - the more points you’ll earn! Log in to your Bitcoin Well account and check your point balance.

About Bitcoin Well

Bitcoin Well exists to enable independence. We do this by coupling the convenience of modern banking, with the benefits of bitcoin. In other words, we want to make it easy to use bitcoin in self-custody.

@ f1989a96:bcaaf2c1

Good morning, readers!

In Nigeria, financial officials are revising digital asset regulations to impose taxes on digital asset transactions on regulated exchanges. This aims to bolster state revenue as more citizens turn to Bitcoin in response to rampant inflation, the naira’s devaluation, and the regime's ever-increasing financial controls.

Meanwhile, in Cuba, thousands of citizens remain unable to access money the regime forced them to convert into Certificates of Deposit (CDs) in 2021. These funds have not been returned by the Communist Party of Cuba. If they eventually are, they will be paid out in since-hyperinflated Cuban pesos, a reality that stands in stark contrast to regime propaganda that it is working “for the people.”

In open-source freedom tech news, we feature NostrPIX, an experimental tool built during the bitcoin++ developer hackathon in Florianopolis, Brazil. It allows anyone in Brazil to pay any merchant or individual with Bitcoin over the Lightning Network. While it is still in its early stages of development, this stands to enable Bitcoin payments at nearly every merchant in Brazil, similar to how apps like Tando enable Bitcoin payments across Kenya.\ \ We end with the official livestreams of the HRF-supported bitcoin++ developer conference in Florianopolis, Brazil, that brought together open-source developers and freedom tech enthusiasts for four days of technical gatherings to enhance Bitcoin’s privacy, usability, and censorship resistance. These livestreams offer a unique chance to view and understand the presentations and workshops at the event.

Now, let’s jump right in!

Subscribe Here

GLOBAL NEWS

Nigeria | Introducing Digital Asset Transaction Tax to Boost State Revenue

Nigerian officials plan to amend their digital asset regulations to tax digital asset transactions in a coercive effort to boost the regime’s dwindling revenues. The Nigerian Securities and Exchange Commission (SEC) is reviewing a new framework to tax transactions on regulated exchanges, allowing the regime to extract even more value from the growing digital asset sector. Nigerians, especially the younger population, increasingly have turned to Bitcoin and stablecoins to escape high inflation, a devalued naira, and an authoritarian regime that repeatedly undermines financial autonomy and human rights. The new tax could hinder the efficiency of tools like Bitcoin by making transactions more expensive. But enforcing this tax beyond regulated platforms presents a challenge. Bitcoin held in self-custody and transacted peer-to-peer remains largely outside the reach of authoritarian states.

Cuba | Citizens Remain Locked Out of Devalued Funds

Thousands of Cubans remain locked out of their savings after the regime forced them to convert Cuban Convertible Peso (CUC) deposits into Certificates of Deposit (CDs) in 2021. This policy was part of the “Tarea Ordenamiento” economic reforms, which eliminated the CUC, a convertible currency previously pegged to the US dollar. For years, Cubans who received foreign currency — whether through work abroad or remittances — were required to exchange it for CUCs, expecting they could later redeem those CUCs for dollars or other foreign currencies. But when the regime eliminated the CUC in 2021, it forced depositors to either accept a heavily devalued exchange rate for Cuban pesos (far worse than the advertised 24-1 ratio) or convert their money into Certificates of Deposit (CDs), with the promise of returning the equivalent value in foreign currency once liquidity allowed. Unbeknownst to Cubans, the CDs paid a negligible 0.15% interest and had no clear timeline for repayment. Today, many depositors still can’t access their money.

Google | Facilitating Censorship in Russia and China

Google is actively assisting authoritarian regimes like China and Russia to censor dissent, removing online content critical of the Kremlin and Chinese Communist Party. In Russia, Google complied with government requests to erase YouTube videos opposing the war in Ukraine, while in China, it removed references to the Tiananmen Square massacre and pro-democracy activism. With more than 70% of Russians relying on YouTube for news and China’s Great Firewall blocking independent sources, corporate compliance with state censorship enables state propaganda to proliferate as a dominant narrative. For activists and nonprofits seeking uncensorable communications, nostr — an open and decentralized protocol — offers a way to share information beyond the reach of authoritarian regimes. Activists and NGOs can get started here.

World | Transnational Repression Most Common Under CBDC-Leading Countries

New data from Freedom House reveals that 23 governments engaged in transnational repression in 2024, using abductions, assassinations, and forced deportations to silence exiled dissidents. Leading perpetrators include the authoritarian regimes of China, Russia, Iran, and Turkey — orchestrating over 1,200 incidents in the past decade. Notably, many of these regimes are at the forefront of central bank digital currency (CBDC) development, a technology that drastically increases state control over financial activity. By allowing governments to surveil, freeze, and block funds in real time, CBDCs strip activists of financial privacy and force them into greater vulnerability. As authoritarian states refine both digital and physical methods of repression, CBDCs may become a powerful weapon for crushing dissent beyond borders.

Niger | Delays Democratic Elections While Citizens Financially Struggle

Niger’s deteriorating economic conditions are set to continue as the ruling military junta has proposed delaying democratic elections until at least 2030 to contain a “security threat.” Army commander Abdourahamane Tchiani, who came to power in a 2023 coup, originally pledged a three-year transition to civilian rule. Now, that timeline appears extended to five years, allowing “the junta to restore security and regain control of territory captured by Islamist militants that have expanded their insurgency in recent months.” With inflation eroding Nigerien’s purchasing power and the general economic well-being of citizens declining, Niger can’t afford more military rule. This could be a pretext for Tchiani to consolidate power, especially as discussions emerge about dissolving political parties and granting him the rank of general.

_______________

Webinar Series for Nonprofits: Become Unstoppable

HRF will host a free, three-day webinar from March 17-19, teaching human rights defenders and nonprofits how to use Bitcoin to counter state censorship and confiscation. Sessions run daily from 10:30 a.m. to 12:00 p.m. EDT and are beginner-friendly. The webinar will be led by Anna Chekhovich, HRF’s Bitcoin nonprofit adoption lead and financial manager at Alexei Navalny’s Anti-Corruption Foundation, and co-taught by the prominent Bitcoin educator Ben Perrin.

Register for webinar

SXSW | The Human Rights Risks of Central Bank Digital Currencies (CBDCs)

Join HRF at SXSW 2025 in Austin from March 7-13 to explore how CBDCs threaten financial freedom. Experts Roger Huang, Charlene Fadirepo, and Nick Anthony will discuss how authoritarian regimes use CBDCs for surveillance and control. Attendees can also visit HRF’s CBDC Tracker booth to explore an interactive map of CBDC developments worldwide. 

Get your tickets

_______________

BITCOIN AND FREEDOM TECH NEWS

NostrPIX | Enabling Bitcoin Payments in Brazil

NostrPIX is a new tool built just a few days ago during the bitcoin++ hackathon in Florianopolis, Brazil, that lets users pay any merchant or individual in Brazil with Bitcoin over the Lightning Network. To use NostrPIX, users scan a Pix QR code (the country’s widely used digital payment system) and pay with bitcoin from their Lightning wallet. Designed with the unbanked in mind, NostrPIX lets those who cannot open a Brazilian bank account to transact with Bitcoin and Pix (no sign-ups required, just instant payments). Its innovative approach won the bitcoin++ hackathon, showcasing its potential to bridge Bitcoin with traditional systems. While still a proof of concept, NostrPIX joins projects like Tando in Kenya, making Bitcoin more practical for everyday commerce and could inspire similar products elsewhere in countries facing political oppression.

Iris | Implements Double Ratchet Messaging for Better Privacy

Iris, a client for Nostr launched by Martti Malmi, implemented double ratchet messaging, an encryption algorithm similar to that used by Signal, significantly improving private communications for activists and human rights defenders. This ensures message metadata remains hidden, and with its implementation, past and future conversations on Iris stay private even if a user’s main Nostr private key is compromised. This upgrade empowers individuals in difficult political environments to communicate without fear of surveillance by reducing the risks of authoritarian regimes tracking their conversations. HRF is proud to have helped support Malmi as he invented and launched this innovation.

Presidio Bitcoin | New Bitcoin Co-Working and Events Space in Bay Area

Presidio Bitcoin is the Bay Area’s first dedicated co-working and events space. Located in San Francisco’s famous Presidio neighborhood, it will be a collaborative space for developers, educators, and freedom tech enthusiasts to connect, work, and innovate together to drive Bitcoin adoption forward. It draws inspiration from other Bitcoin hubs worldwide, like Bitcoin Park in Nashville, Tenn., Bitcoin House Bali in Indonesia, and Bitcoin Ekasi in South Africa. This time, aiming to create a community of Bitcoiners in the tech capital of the US. Presidio Bitcoin hopes to foster new talent and secure greater funding from Silicon Valley, becoming a central meeting point for those passionate about Bitcoin and freedom. HRF Freedom Fellows were able to visit the space recently, and HRF staff will be speaking at upcoming events at the venue in the near future. Check the space out here.

Cashu | Releases Cashu Development Kit

Cashu, an open-source Chaumian ecash protocol for Bitcoin integrated with the Lightning Network, released the Cashu Development Kit (CDK) in Rust (a common programming language). This makes it easier for developers to build and integrate Cashu wallets, expanding access to private Bitcoin transactions. With Cashu, users can spend Bitcoin-backed ecash without revealing their identity or transaction history. This enables private, cheap, and fast transactions with the tradeoff of being custodial. As digital financial surveillance increases, ecash offers an alternative to remain private. The CDK release expands the reach of said private Bitcoin transactions, providing more safety and anonymity for dissidents.

RoboSats | Adds LNp2pBot Orders on Android App

RoboSats, a privacy-focused peer-to-peer (P2P) Bitcoin exchange powered by the Lightning Network, added support for LNp2pBot orders in its Android app. Previously, users used Telegram to interact with LNp2pBot for P2P bitcoin trades. Now, they can access P2P orders directly from the RoboSats Android app. This integration enhances usability by reducing platform dependency and provides users with greater liquidity for P2P trades. HRF is pleased to see the continued development and interoperability of privacy-focused, self-custodial Bitcoin on and off ramps from this Bitcoin Development Fund grantee.

Bitcoin Dada | Visits Bitcoin Mining Site for Hands-On Learning

Bitcoin Dada, an HRF-supported nonprofit empowering African women with financial literacy and Bitcoin education, recently took its students on a trip to a Bitcoin mining site operated by Gridless in Kibwezi, Kenya. This visit provided students firsthand exposure to Bitcoin mining’s potential for driving economic growth and expanding electricity access in rural African communities while simultaneously helping decentralize the network. The site repurposes sisal waste (the waste from fiber production) to generate electricity, reduce blackouts, and provide power to homes in Kibwezi. As more and more off-grid sites like this come online, Bitcoin’s mining composition becomes less centralized and stronger against threats from authoritarian states.

RECOMMENDED CONTENT

bitcoin++ Developer Conference Livestream

Last week, bitcoin++ hosted the  “hacking edition” developer conference in Florianopolis, Brazil. The event brought together Bitcoin developers and freedom tech enthusiasts for four days of hands-on development, workshops, and technical discussions to enhance Bitcoin’s privacy, accessibility, and censorship resistance. If you missed the event, you can catch the key sessions and workshops via live stream. Watch them here.

Nostr: The Importance of Censorship-Resistant Communication for Innovation and Human Progress

In this article for Bitcoin Magazine, Leon Wankum highlights why Nostr, a censorship-resistant protocol, is key to unlocking innovation and free expression. He explains how Nostr enables decentralized content sharing using cryptographic keys and relays, preventing central control of the protocol. This approach ensures that no single entity controls the flow of information, thereby enhancing freedom of expression. Alongside Bitcoin, Nostr has the potential to break corporate and state monopolies, allowing for grassroots progress and innovation on the individual level. You can read the full article here.

If this article was forwarded to you and you enjoyed reading it, please consider subscribing to the Financial Freedom Report here.

Support the newsletter by donating bitcoin to HRF’s Financial Freedom program via BTCPay.\ Want to contribute to the newsletter? Submit tips, stories, news, and ideas by emailing us at ffreport @ hrf.org

The Bitcoin Development Fund (BDF) is accepting grant proposals on an ongoing basis. The Bitcoin Development Fund is looking to support Bitcoin developers, community builders, and educators. Submit proposals here.

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@ dbb19ae0:c3f22d5a

Using nostr_sdk 0.39 replace nsec_key with your secret key replace npub_to_follow by the npub to follow

``` python from nostr_sdk import Metadata, Client, Keys, Filter, Kind, KindStandard, Contact, PublicKey, EventBuilder from datetime import timedelta import asyncio

async def main(): keys = Keys.parse("nsec_key") client = Client() await client.add_relay("wss://relay.damus.io") await client.connect()

# Get current contact list
f = Filter().author(keys.public_key()).kind(Kind.from_std(KindStandard.CONTACT_LIST))
events = await client.fetch_events(f, timedelta(seconds=10))
event = events.first()

if event:
    # Get current contact public keys and add a new contact
    public_keys = event.tags().public_keys()
    new_public_key = PublicKey.parse("npub_to_follow")
    public_keys.append(new_public_key)

    # Create a new contact list event and send it to relays
    contacts = [Contact(public_key=pk, relay_url=None, alias=None) for pk in public_keys]
    event = EventBuilder.contact_list(contacts).sign_with_keys(keys)
    await client.send_event(event)
    print(f"Added follow to: {new_public_key}")
else:
    print("No contact list found")

if name == 'main': asyncio.run(main()) ```

https://github.com/ev3rst/nostr_sdk_examples/blob/main/ns-follow-npub.py

@ 78c90fc4:4bff983c

Gerichtliche Beschwerde wg. Arbeitsverweigerung

Sehr geehrte Damen und Herren

\ Da meine Fragen zum Schutz der Bevölkerung an das kantonale Gesundheitsamt und die weiteren Verantwortungsträger bis heute nicht beantwortet wurden, habe ich mich mit einer Beschwerde an das Kantonsgericht Baselland gewandt.

Ignorieren und Wegschauen bei möglichen Offizialdelikten (schwere Körperverletzung) ist kein verantwortungsvolles Handeln. Bitte stellen Sie sich den Fragen und der Realität.

\ Freundliche Grüsse

Oliver Christen

https://x.com/RealWsiegrist/status/1895162279953367067

Verbrechen gegen die Menschlichkeit sind schwerwiegende Verstöße gegen das Völkerrecht, die durch systematische oder ausgedehnte Angriffe gegen die Zivilbevölkerung gekennzeichnet sind. Sie zählen zu den Kernverbrechen des Völkerstrafrechts und sind unabhängig von Kriegszuständen strafbar.

https://x.com/RealWsiegrist/status/1895162279953367067

Covid Dossier; ‭Eine Aufzeichnung der militärischen und geheimdienstlichen Koordination des globalen Covid-Ereignisses‬

https://www.aletheialib.org/doc/809

@ 8412613c:df65608a

The book "Till We Have Faces" by C.S. Lewis had a profound spiritual impact on me, unlike most books that typically stay on an intellectual or entertainment level. I kept thinking, "Why didn't I read this sooner?" (It had been on my list for years). However, I believe I wouldn't have understood it as deeply as I did now, and I attribute that to my decision to fully embrace my Christian faith and accept Jesus as the Son of God who incarnated and resurrected—with no more questions or doubts, just faith. This choice has been truly liberating for me.

Although Till We Have Faces is not explicitly a Christian book, it beautifully reflects the themes of voluntary sacrifice, selfless love, suffering, and the mystery of the divine by retelling the myth of Psyche and Eros from the perspective of Psyche’s sister, Orual. Her journey through profound grief and blame toward the gods ultimately leads her to inner transformation and peace at the end of her life. C.S. Lewis’ personal faith undeniably influenced his writing, often exploring spiritual and philosophical themes through the lens of myth and allegory, as we see in this book.

I want to briefly mention a few topics that gave me pause:

The case against the gods

‘But, your eyes being open, you saw no such thing.’

‘You don’t think—not possibly—not as a mere hundredth chance—there might be things that are real though we can’t see them?’

‘Certainly I do. Such things as Justice, Equality, the Soul, or musical notes.’

‘Oh, grandfather, I don’t mean things like that. If there are souls, could there not be soul-houses? (p. 161).

It was clever of the author to make Psyche's palace invisible to mortal eyes, as this allows readers to relate to Orual's struggle with the nature of reality. Orual faces the abyss that humans encounter when witnessing the limits of reason.

If what I saw was real. I was in great fear. Perhaps it was not real. I looked and looked to see if it would not fade or change. Then as I rose (for all this time I was still kneeling where I had drunk), almost before I stood on my feet, the whole thing was vanished. (p. 150).

Even though Orual has a glimpse of the divine, she makes an important decision that will mark her for the rest of her life: she chooses to neglect recognizing her vision as the sign she had been asking for, and instead looks for other possible explanations. She thinks the gods are cruel and untrustworthy, and also blames them for their lack of clarity in their messaging. She expresses that if they wanted her to understand something, they are at fault for not being clear.

The gods never send us this invitation to delight so readily or so strongly as when they are preparing some new agony. We are their bubbles; they blow us big before they prick us. (p. 111).

Orual reached her breaking point when the gods twisted what she believed to be real: her experiences and her life story. She interpreted this event as a mockery by the gods, and so decided to write a book from her perspective—a case against them—without realizing that, in doing so, she was writing a case against herself:

Now, you who read, judge between the gods and me. They gave me nothing in the world to love but Psyche and then took her from me. But that was not enough. They then brought me to her at such a place and time that it hung on my word whether she should continue in bliss or be cast out into misery. They would not tell me whether she was the bride of a god, or mad, or a brute’s or villain’s spoil. They would give no clear sign, though I begged for it. I had to guess. And because I guessed wrong they punished me—what’s worse, punished me through her. And even that was not enough; they have now sent out a lying story in which I was given no riddle to guess, but knew and saw that she was the god’s bride, and of my own will destroyed her, and that for jealousy. As if I were another Redival. I say the gods deal very unrightly with us. For they will neither (which would be best of all) go away and leave us to live our own short days to ourselves, nor will they show themselves openly and tell us what they would have us do. For that too would be endurable. But to hint and hover, to draw near us in dreams and oracles, or in a waking vision that vanishes as soon as seen, to be dead silent when we question them and then glide back and whisper (words we cannot understand) in our ears when we most wish to be free of them, and to show to one what they hide from another; what is all this but cat-and-mouse play, blindman’s buff, and mere jugglery? Why must holy places be dark places? (pp. 283-284).

I have always believed in God as Jesus, yet I understand Orual's accusations. I have questioned "unfair" situations, victimized myself, and blamed God. I have also saddened the beautiful souls of believers when, in my state of rebellion, I harshly questioned their faith, even as they were showing me Christ's love. I saw myself in many of Orual's attitudes

With time, I have come to understand that humans can move between reason and faith, each requiring different skills. Dismissing either is dangerous. Reason protects us from deception but it can also blind us from truths. Faith is part of what gives us purpose in life, it comes with uncertainty but also with a blessing:

Then Jesus told him, “Because you have seen me, you have believed; blessed are those who have not seen and yet have believed. -John 20:39.

Dying before dying

This part of the book was truly inspiring to me because I have been obsessed with these words for a long time [^1]:

If you die before you die, you won't die when you die. -Inscription at St. Paul's Monastery on Mt. Athos.

So I recognized them in the text:

Die before you die. There is no chance after. (p. 318).

Orual explains what the gods meant by “dying before dying”:

Then I remembered that conversation which his friends had with Socrates before he drank the hemlock, and how he said that true wisdom is the skill and practise of death... But by the death which is wisdom I supposed he meant the death of our passions and desires and vain opinions. And immediately (it is terrible to be a fool) I thought I saw my way clear and not impossible. To say that I was Ungit meant that I was as ugly in soul as she; greedy, blood-gorged. But if I practised true philosophy, as Socrates meant it, I should change my ugly soul into a fair one. And this, the gods helping me, I would do. I would set about it at once. (pp. 321-322).

These words brought me to the central Christian teaching of "dying to self" or "crucifying the old self”, which is only achieved through divine intervention. The idea of dying before dying is described by Paul as follows:

I have been crucified with Christ. It is no longer I who live, but Christ who lives in me. And the life I now live in the flesh I live by faith in the Son of God, who loved me and gave himself for me. -Galatians 2:20

Dreams

Orual was stubborn and tried to fix her sorrow by another form of dying: completely changing her identity and true nature by neglecting herself and becoming someone else. This might seem similar to “dying before dying”, but the latter just comes through an act of humility and surrender by recognizing that only divine mercy can prevent us from going astray and truly heal. Orual, however, relied on her own strength and pride to endure her suffering. She hid behind a veil and metaphorically killed herself.

I had worn a veil because I wished to be secret. I now determined that I would go always veiled. I have kept this rule, within doors and without, ever since. It is a sort of treaty made with my ugliness. There had been a time in childhood when I didn’t yet know I was ugly. Then there was a time (for in this book I must hide none of my shames or follies) when I believed, as girls do—and as Batta was always telling me—that I could make it more tolerable by this or that done to my clothes or my hair. Now, I chose to be veiled. The Fox, that night, was the last man who ever saw my face; and not many women have seen it either. (p. 205).

I am the Queen; I’ll kill Orual too. (p. 256).

By writing her book, Orual finally reaches a state where she is ready for divine intervention. Ultimately, she removes her veil. The following is one of the most important paragraphs:

Not many days have passed since I wrote those words no answer, but I must unroll my book again. It would be better to rewrite it from the beginning, but I think there’s no time for that. Weakness comes on me fast... Since I cannot mend the book, I must add to it. To leave it as it was would be to die perjured; I know so much more than I did about the woman who wrote it. What began the change was the very writing itself. Let no one lightly set about such a work. Memory, once waked, will play the tyrant. I found I must set down (for I was speaking as before judges and must not lie) passions and thoughts of my own which I had clean forgotten. The past which I wrote down was not the past that I thought I had (all these years) been remembering. I did not, even when I had finished the book, see clearly many things that I see now. The change which the writing wrought in me (and of which I did not write) was only a beginning—only to prepare me for the gods’ surgery. They used my own pen to probe my wound. (p. 287).

Through random encounters, dreams, and visions, the gods showed Orual what she had been missing her whole life. One specific dream (or vision) caught my attention and made me think that C.S. Lewis had a profound insight while writing this masterpiece: Orual had a vision in which she presented her case against the gods in a courtroom before a judge. The assembly was made up of gods and ghosts, some of whom she knew. When the judge asked her to read her complaint, she had a scroll that was not the book she had written while recounting the story of her life. But she read it anyway until the judge said "enough," and she understood that she had read it over and over. The judge asked if she had her answer, and she replied "yes."

The complaint was the answer. To have heard myself making it was to be answered. (p. 335).

This was incredible, and I could relate. I have had similar dreams in which I have a book in my hands—a book I know I wrote. Suddenly, I become lucid and tell myself, "Here is the answer; when I read it, I will know." This has been a recurring dream, and it's interesting because there are insights we only have access to on a deeper inner level. I have also dreamed of conversing with Jesus, repeating certain words, some of which I do not even remember. I interpret these kinds of dreams as follows:

In the same way, the Spirit helps us in our weakness. We do not know what we ought to pray for, but the Spirit himself intercedes for us through wordless groans. -Romans 8:26

I think that C.S. Lewis, speaking through Orual and the Fox, understands this and writes:

Lightly men talk of saying what they mean. Often when he was teaching me to write in Greek the Fox would say, ‘Child, to say the very thing you really mean, the whole of it, nothing more or less or other than what you really mean; that’s the whole art and joy of words.’ A glib saying. When the time comes to you at which you will be forced at last to utter the speech which has lain at the centre of your soul for years, which you have, all that time, idiot-like, been saying over and over, you’ll not talk about joy of words. I saw well why the gods do not speak to us openly, nor let us answer. Till that word can be dug out of us, why should they hear the babble that we think we mean? How can they meet us face to face till we have faces? (p. 335).

I am very impressed with how the author explored Orual's life through her own eyes, enabling the reader to understand her transformation once she finally confronted her shortcomings and humbly accepted divine wisdom. With this new knowledge, she could finally see her path from a different perspective. Furthermore, the reader was able to appreciate the role of the gods: they weren’t meant to alleviate Orual’s suffering, but rather to lead her to see that it had a purpose—to transcend. This story made me reflect on my own journey and acknowledge Jesus's presence and mercy in my life and His selfless love as the key to transformation.

---

This book resonated so deeply with me. I absolutely recommend it. To C.S. Lewis, thank you—your words truly touched my heart.

---

References:

Lewis, C. S.. Till We Have Faces: A Myth Retold. Kindle Edition.

[^1]: See: https://habla.news/u/nancyqa@mynostr.space/1691458659942

@ 4523be58:ba1facd0

NIP-118

Nostr Double Ratchet Invites

In order to start a NIP-117 Nostr Double Ratchet session, Alice and Bob need to exchange ephemeral public keys and a shared secret.

In a Nostr Double Ratchet invite, Alice gives Bob her

• ephemeral public key, which is also used to respond to the invite on Nostr,
• shared secret, and
• Nostr identity public key, which is used to authenticate the exchange.

Nostr event

Publishing an invite event on Nostr allows other users to start a Double Ratchet session with you.

typescript { pubkey: inviterIdentityKey, content: '', tags: [ ['d', `double-ratchet/invites/${uid}`], // uid: unique name for the invitation, e.g. "public" ['l', 'double-ratchet/invites'], // label, for listing all your invites ['ephemeralKey', inviterEphemeralKey], ['sharedSecret', sharedSecret] ], kind: 30078, created_at, id, sig }

l is a NIP-32 label tag that can be used to list your invites. We use this approach with NIP-78 application specific data kind 30078 in order to not bloat the event kind space and instead have a human-readable label.

URL

Invites can be also shared privately, without requiring a Nostr event. This improves privacy, removing the public association between the inviter and response.

URL and QR code are often convenient ways to share privately, especially when the other user is not yet on Nostr. Format:

typescript const invite = { inviter, ephemeralKey, sharedSecret }; const json = JSON.stringify(invite); const url = `https://example.com/#${encodeURIComponent(json)}`;

Encoding the invite into the URL hash ensures it's not sent to the server and logged by default.

nostr: URI scheme is another possible way to share invites, when we have native clients supporting the feature.

Invite response

Outer event

Invite response outer event is a NIP-59 gift wrap event of kind 1059, sent from a random, one-time-use pubkey, hiding the responder's identity from the public.

It is addressed to the ephemeral key in the invite. If the invite was publicly shared, responses can be publicly associated to the inviter.

Inner event

NIP-59 Rumor.

```typescript const conversationKey = nip44.getConversationKey( inviteeKeyPair, inviterPublicKey ); const encrypted1 = encrypt(inviteeEphemeralKey, conversationKey); const encrypted2 = encrypt(encrypted1, sharedSecret);

const rumor = { pubkey: inviteePublicKey, kind: 1060, content: encrypted2, tags: [], createdAt, id, }; ```

After receiving the invite response, both parties have what they need to start a double ratchet session: each others' ephemeral public keys and a shared secret.

Both parties have authenticated by encrypting or decrypting using their nip44 conversation key.

The shared secret from the invite is used in the response to ensure that only actual recipients of the invite can follow it. Otherwise, attackers could initiate double ratchet sessions by sending invite responses to all addresses that received gift wraps, some of which are private invite addresses.

@ 6260f29f:2ee2fcd4

@ 6260f29f:2ee2fcd4

titleeee

test

@ 9e75bfa4:bf41929a

Acne scars can have a lasting impact on your skin’s appearance and texture. Whether your scars are new or old, acne scar removal in Chandigarh offers safe, effective treatments to reduce their visibility and help you achieve clear, smooth skin. Laser treatment for acne scars in Chandigarh has proven to be one of the most efficient methods for acne scar removal.

What is Acne Scar Removal?

Acne scars are the result of inflammation caused by acne. When the skin heals after an acne breakout, it can sometimes leave behind scars, which can be deep or shallow. Laser treatment for acne scars uses advanced technology to target the deeper layers of the skin, stimulating collagen production and encouraging the skin to heal itself.

Why Opt for Laser Treatment for Acne Scars in Chandigarh?

Chandigarh is home to experienced dermatologists who specialize in acne scar treatments. Laser treatments offer precise results, and many people experience significant improvement in their skin texture after just a few sessions.

The Laser Treatment Process

The procedure involves using a laser device to treat the affected skin areas. The laser penetrates deep into the skin, targeting scar tissue and stimulating collagen production. The treatment is relatively quick, typically lasting about 30 minutes, and involves minimal discomfort due to the application of a numbing cream.

Benefits of Acne Scar Removal

Non-invasive: Laser treatment for acne scars is non-surgical, so there’s no need for incisions or stitches. Quick recovery: Most patients experience mild redness or swelling, but this typically resolves within a few days. Improved skin texture: Laser treatments help smooth out uneven skin and fade scars over time.

Post-Treatment Care

After the treatment, you may need to avoid direct sunlight and use sunscreen to protect the newly treated skin. You may also need a few sessions to achieve the best results, depending on the severity of your scars.

@ 2efaa715:3d987331

Cost of a 1960s Diet vs Modern Food Costs by Decade

The following is a result from ChatGPT's "deep research" feature when asked to analyze what a "1960s diet" would cost in each subsequent decade. The CPI and basket of goods is constantly adjusted to "reflect consumer purchasing behavior", but this metric overlooks the fact that consumer behavior itself is guided by prices. Just because someone does buy something doesn't mean they would prefer this good over another (potentially superior) good, all it tells you is that they did buy it. When the cost of living off of higher quality foods becomes too great to bear, consumers will trade-down to lower-quality foods. When the CPI reflects this, even a "steady inflation number" hides the fact that quality of life has degraded.

If you don't want to read the whole thing, at least check out the conclusion at the end. Everything from here down was generated by the AI after rounds of nudging by me.
Also the cover image, obviously (lol)

Following a 1960s-style diet – rich in red meat, dairy, and unprocessed “whole” foods – has become increasingly expensive over time. Below we examine each decade from 1960 to the present, tracking how much the cost of that fixed 1960s diet rose and comparing it to the prevailing food costs (CPI) shaped by consumers adapting their eating habits. Key staples like red meat, dairy, grains, and processed foods are highlighted to show the impact of inflation on a traditional diet versus switching to cheaper substitutes.

1960s: Baseline of Affordable Abundance

• Percentage Increase in Cost: Food prices rose modestly in the 1960s (around 2–3% per year). Over the decade, maintaining the same 1960 basket led to roughly a 25–30% increase in cost (Food at home price inflation, 1947→2024). This was a relatively small jump compared to later decades.
• Cost in Era’s Currency: For example, if a household spent $100 per week in 1960 on the typical foods (plentiful beef, whole milk, butter, eggs, etc.), by 1970 that same diet cost about $125–$130 in nominal dollars. Everyday items were cheap: ground beef was only $0.30 per lb in the late 1950s, and butter about $0.75 per lb (Grocery Store Prices for 14 Items in 1957 | HowStuffWorks) (Grocery Store Prices for 14 Items in 1957 | HowStuffWorks). Americans could afford more of these foods as incomes grew.
• Comparison to CPI (Behavior-Adjusted): The official food Consumer Price Index (CPI) climbed at a similar pace (~28% increase from 1960 to 1970 (Food at home price inflation, 1947→2024)), since consumer behavior hadn’t drastically shifted yet. Few felt pressure to substitute cheaper foods because inflation was mild. In fact, many families ate more of these staples as prosperity rose – U.S. beef consumption per person increased from ~63 lbs in 1960 to 84 lbs by 1970, while chicken rose from 28 to 48 lbs (National Chicken Council | Per Capita Consumption of Poultry and Livestock, 1965 to Forecast 2022, in Pounds). Any cost savings from “behavior changes” were minimal in the 60s. (One early example: margarine was already replacing some butter for health/cost reasons, but butter was still affordable in 1960 at ~$0.75, so sticking to butter didn’t break the bank (Grocery Store Prices for 14 Items in 1957 | HowStuffWorks).) Overall, adapting one’s diet wasn’t necessary for budget reasons in the 1960s, as food was relatively cheap and inflation low.

1970s: Soaring Prices Hit Traditional Diets Hard

• Percentage Increase in Cost: The 1970s brought surging food inflation. A fixed 1960s-style diet would cost roughly double (+100% or more) by the end of the decade. In particular, meat and dairy prices skyrocketed. Beef prices roughly doubled from 1970 to 1980 (the BLS beef index jumped from the 40s to nearly 100 (Beef and veal price inflation, 1935→2025)), contributing to an overall ~120% increase in the cost of a meat-heavy 1960s basket during the 70s. By comparison, overall food-at-home prices rose about 121% in that span (Food at home price inflation, 1947→2024) – a huge jump in itself. The worst spikes came in 1973–74, when food prices jumped 15–16% in a single year (Food at home price inflation, 1947→2024).
• Cost in Era’s Currency: Someone stubbornly sticking to their 1960 grocery list in this era paid a steep price. If they spent $100 per week in 1970, by 1980 they’d need to spend roughly $220–$230 for the same items. For instance, mid-decade a pound of steak that cost ~$1 in the late 60s might cost $2–3 by the late 70s. Whole milk prices also roughly doubled in the 70s (Fresh whole milk price inflation, 1939→2024). This era’s inflation was so severe that it forced a re-budgeting for those insisting on expensive staples.
• Comparison to CPI (Behavior-Adjusted): While all consumers felt the 70s price shock, those who adapted their diets mitigated the impact. Many Americans reacted by buying less red meat or switching to cheaper proteins. Notably, when beef became very expensive (meat prices jumped 5.4% in just one month in early 1973 (1973 meat boycott - Wikipedia)), consumers staged a “meat boycott” and turned to poultry, pork, or beans. Poultry was a big winner – chicken prices did rise (44% in 1973 (Fresh whole chicken price inflation, 1935→2024)), but over the decade chicken remained cheaper per pound than beef, and per capita chicken consumption climbed while beef consumption dropped (National Chicken Council | Per Capita Consumption of Poultry and Livestock, 1965 to Forecast 2022, in Pounds). Processed and shelf-stable foods also gained favor as thrifty alternatives; for example, consumers might buy canned soups or powdered drink mixes which had smaller price increases. The official CPI (which reflects some substitution) still rose dramatically (~105% for food in the 70s (Food at home price inflation, 1947→2024)), but the true cost of living was a bit lower for those who adapted. By cutting back on expensive items (or stretching them – e.g. more casseroles with grains/veggies and less meat), families could keep their food spending increase somewhat below the headline inflation. In short, a person clinging to the high-red-meat, butter-on-everything diet of 1960 ended up paying much more in the 70s, whereas those who embraced cheaper substitutes (chicken instead of steak, margarine instead of butter, generic and processed foods) softened the blow. The late 1970s also saw food costs stabilize under price controls, rewarding those who diversified their diet away from the costliest staples.

(Chicken leads U.S. per person availability of meat over last decade | Economic Research Service) Per capita availability of meat in the U.S., 1910–2021. Beef (gray line) peaked in the 1970s and then declined as prices rose and consumers ate more chicken (yellow line). Chicken overtook beef as the most consumed meat by 2010, thanks to its lower cost and dietary shifts (Chicken leads U.S. per person availability of meat over last decade | Economic Research Service). Pork (red) held roughly steady, while fish (purple) remained a small share. This illustrates how Americans adjusted their protein sources over decades in response to price and preferences. (Chicken leads U.S. per person availability of meat over last decade | Economic Research Service)

1980s: Slowing Inflation and New Dietary Habits

• Percentage Increase in Cost: Inflation cooled in the 1980s, making food prices more stable. Even so, a fixed 1960s diet saw about a 50% cost increase over the decade. That means the same basket that cost $100 in 1980 would cost around $150 by 1990. This increase was much lower than the 70s, but still notable. Meats and dairy had smaller price jumps now (beef rose ~38% from 1980–90, milk ~45% (Fresh whole milk price inflation, 1939→2024)), and overall food-at-home prices climbed ~40–50% (Food at home price inflation, 1947→2024) (Food at home price inflation, 1947→2024) in the 80s.
• Cost in Era’s Currency: If our traditional-diet shopper spent $220/week in 1980 (continuing the prior example), by 1990 they’d be spending roughly $330 for the same groceries. For instance, a gallon of whole milk that cost about $1.50 in 1980 might be ~$2.20 by 1990; a pound of ground beef around $1.20 in 1980 could be ~$1.75 in 1990. These nominal increases were easier to manage than the wild 70s, but still added up.
• Comparison to CPI (Behavior-Adjusted): In the 80s, consumer behavior had permanently shifted due to the prior decade’s lessons. Many households continued to favor cheaper or leaner foods, and this helped keep their actual cost of living lower than if they had stuck to the old diet. For example, butter consumption plunged (per capita fell from 7.5 lbs in 1960 to ~4.5 lbs by 1980) as people used margarine and processed spreads instead (cameracopy4.qxd). Butter lost its hefty weight in the price index, reflecting how few people still bought it regularly by the 80s. Similarly, beef was no longer king – Americans were eating 20% less beef than in the 70s, and far more chicken, which was mass-produced cheaply (Chicken leads U.S. per person availability of meat over last decade | Economic Research Service). The CPI’s market basket was updated in 1987, locking in these new habits (more poultry and convenience foods, fewer expensive staples). As a result, official food inflation in the 80s was moderate, and those who already had adapted their diet felt roughly the same ~50% rise as the CPI. However, someone who refused to change – still buying large quantities of red meat, whole milk, fresh butter, etc. – would have spent more than the average person. They missed out on the savings from things like economy cuts of meat, bulk grains, and processed goods that became popular. By the late 1980s, the U.S. food system was delivering cheaper calories (e.g. refined grains, corn oil, sweeteners) on a huge scale. Families that incorporated these cheaper ingredients (think Hamburger Helper, microwave dinners, soda instead of milk) kept their grocery bills lower. Indeed, food became a smaller share of household spending: it fell from 28.5% of the family budget in 1960 to about 17% by 1980 (cameracopy4.qxd), a testament to how adapting food choices and benefitting from cheaper options lowered the relative cost of living.

1990s: Cheaper Alternatives in an Era of Low Inflation

• Percentage Increase in Cost: The 1990s saw very low food inflation by historical standards. Maintaining the exact 1960s diet through this decade would raise costs by only about 25–30%. Food-at-home prices increased roughly 2–3% per year or ~27% total from 1990 to 2000 (Food at home price inflation, 1947→2024) (Food at home price inflation, 1947→2024) – similar to general inflation.
• Cost in Era’s Currency: Continuing our scenario, $330/week in 1990 for a 1960-style diet would become about $420–$430/week by 2000. Many staple food prices barely crept up. For example, a loaf of bread or a dozen eggs only rose by a few dimes over the whole decade. In some cases prices even stagnated or fell: U.S. farm commodities were abundant (grain surpluses kept costs of cereal, flour, and animal feed low). The late 90s had such cheap raw ingredients that milk, meat, and sugar prices were relatively stable.
• Comparison to CPI (Behavior-Adjusted): By the 90s, behavior-adjusted costs were markedly lower than our fixed diet scenario, because consumers had spent two decades optimizing their food spending. The prevailing diet in the 90s was very different from the 60s, driven by cost efficiency and convenience. Shoppers embraced warehouse clubs and discount supermarkets, bought private-label/store brands, and leaned heavily on processed foods that benefited from cheap oil and corn. For instance, instead of whole fresh foods for every meal, families might use instant pasta mixes, boxed cereals, and soft drinks – items produced at scale and often cheaper per calorie. This kept average grocery bills lower. In fact, the cost of living for food rose so slowly in the 90s that it was common to “trade up” some items (like occasionally buying steak or exotic fruits) and still stay on budget. A person strictly sticking to a 1960s whole-food diet (cooking from scratch, lots of fresh meat and dairy) would not enjoy those processed-food savings. By this time they’d be paying noticeably more than the average consumer for the same caloric intake. Studies began to note a troubling pattern: healthier whole foods were getting relatively more expensive, while unhealthy processed options remained very cheap. (For example, fresh produce prices in the U.S. rose faster than soda and snack prices in the 80s/90s.) The overall CPI for food was low in the 90s, reflecting these substitutions. A clear sign of the era: fast-food value meals and junk snacks proliferated, offering calories at rock-bottom prices. Those who adapted their diet to include these inexpensive foods saw a much lower increase in their cost of living – and in some cases, food spending as a share of income hit record lows. Meanwhile, someone clinging to only unprocessed “old-fashioned” foods would have a higher grocery bill and experienced a higher effective inflation than the behavior-adjusted CPI. In short, the 1990s made it easier than ever to save money on food – if you were willing to eat like a 1990s consumer.

2000s: Diverging Diet Costs – Whole Foods vs Processed

• Percentage Increase in Cost: Food costs in the 2000s rose at a modest pace, very similar to the 90s. A fixed 1960s diet would increase about 25–30% in cost over the decade (roughly keeping up with general inflation). From 2000 to 2010 the food-at-home CPI climbed ~29% (Food at home price inflation, 1947→2024) (Food at home price inflation, 1947→2024). There were a couple of price spikes mid-decade (e.g. 2007–2008 saw grain and dairy price jumps), but also some years of minimal change.
• Cost in Era’s Currency: Our hypothetical shopper spending $420 in 2000 would be around $540 per week by 2010 for the same basket. Key 1960s staples did get pricier in the 2000s: e.g. whole milk went from about $2.80/gal in 2000 to $3.50+ by 2010; ground beef from ~$1.80 to ~$2.25/lb over the decade. But the increases were gradual. Notably, by 2010 many traditional items (meats, eggs, dairy) were cheaper in real terms than in the 1970s – thanks to efficiency gains – even if nominal prices edged up.
• Comparison to CPI (Behavior-Adjusted): The 2000s is when the gap between a “traditional whole-food diet” and the average diet’s cost really started to widen. The official CPI remained fairly low, in part because consumers kept shifting towards cheaper ingredients and prepared foods. Two diverging trends emerged:
• Many consumers, facing tight budgets especially after the 2008 recession, doubled down on low-cost, energy-dense foods. This meant more refined grains (white bread, pasta, rice), processed snacks, sweetened drinks, and fatty meats – all of which were inexpensive and often on promotion. These items benefited from globalized supply chains and agricultural surpluses, keeping their prices down or rising very slowly. For example, corn-based sweeteners and oils were so cheap that soda and fried foods remained very affordable in the 2000s.
• On the other hand, some consumers began seeking healthier “whole” foods (organic produce, whole grains, lean meats). But these often came at a premium and saw higher inflation. Someone maintaining a 1960s-style home-cooked diet (lots of fresh ingredients) fell into this category almost by definition. They would have experienced higher effective inflation than the average. Research confirms this divergence: in recent analyses, the cost of a healthy recommended diet has risen faster than the cost of an unhealthy diet. For instance, during 2019–2022, prices of healthy foods (fruits, veggies, lean proteins, etc.) jumped 12.8% in one year, whereas “unhealthy” food prices rose only 7–9% ( Healthy Food Prices Increased More Than the Prices of Unhealthy Options during the COVID-19 Pandemic and Concurrent Challenges to the Food System - PMC ). This pattern had been building over the 2000s. Thus, those who adapted by buying the cheapest processed options saw a smaller cost-of-living increase than those buying whole foods. By the end of the 2000s, the U.S. was in a situation where following a 1960s diet cost significantly more than an average 2000s diet, even though overall inflation was mild. In practical terms, a family could slash their grocery bill by switching from fresh-cooked dinners with milk to, say, boxed mac-and-cheese with soda – and many did. The CPI implicitly captured this shift: food remained about ~13% of consumer spending in the 2000s (near historic lows), partly because people found ever-cheaper ways to eat.

2010s: Relative Stability (Until a Shock)

• Percentage Increase in Cost: The 2010s were a decade of exceptionally low food inflation. A fixed 1960s diet’s cost rose only about 15–20% in total through 2010–2019. For most of those years, food prices grew less than 2% annually (some years even saw slight deflation in grocery prices (Food at home price inflation, 1947→2024)). From 2010 to 2020 the food-at-home index went up about 16% (Food at home price inflation, 1947→2024) (Food at home price inflation, 1947→2024) – the slowest growth of any decade in this analysis.
• Cost in Era’s Currency: In our running example, $540/week in 2010 for the old-fashioned diet would become roughly $620–$630 by 2020. In other words, nearly flat in real terms. Many staple food prices were remarkably steady. A gallon of whole milk hovered around $3.50–$4 throughout the decade; a pound of chicken breasts stayed near $1.99 for years. The shale oil boom and low energy costs, plus technological advances in agriculture, helped keep food production and transportation cheap. By the late 2010s, Americans enjoyed some of the lowest food inflation on record.
• Comparison to CPI (Behavior-Adjusted): With inflation so low, the difference between sticking to a 1960s diet and the average diet’s cost was less pronounced during this decade – everyone benefited from stable prices. However, it’s important to note that by the 2010s the average diet was very far removed from the 1960s diet, largely for economic reasons built up over prior decades. The average American in 2019 was consuming lots of inexpensive processed foods and far less of the pricey whole foods that defined 1960. This meant their cost of living was inherently lower. For those still following a traditional diet, their basket cost hadn’t risen much in the 2010s, but it was starting from a much higher base relative to typical consumers. In effect, the “gap” was already baked in. Government data continued to show that healthy food plans cost more – a trend consistent with the idea that a whole-food diet remained pricier than the mix of convenience foods most people bought. By the end of the 2010s, food was only about 12–13% of household expenditures on average, reflecting decades of substitutions and cheaper alternatives keeping costs down (cameracopy4.qxd). A person eating like it’s 1960 (lots of red meat roasts, fresh veggies, whole milk) in 2019 would likely be spending well above that share. In summary, the 2010s offered a breather: low inflation meant even “old diet” holdouts weren’t punished by price hikes, but they were still paying more than those who had long ago adapted to the economical 2010s food landscape.

(Note: The early 2020s have seen a sharp inflationary spike for food, largely due to pandemic disruptions and war. Interestingly, this spike hit fresh foods and meats harder than processed foods, echoing the long-term pattern. For example, in one study the cost of a healthy diet rose 17.9% from 2019–2022, whereas the typical less-healthy diet rose 9% ( Healthy Food Prices Increased More Than the Prices of Unhealthy Options during the COVID-19 Pandemic and Concurrent Challenges to the Food System - PMC ). This underscores that when inflation strikes, sticking to a traditional wholesome diet tends to cost more than making do with cheaper substitutes. As of 2022–2023, consumers again coped by buying store brands, cutting meat consumption, etc., to soften the blow – much as they did in the 1970s.)

Conclusion: Traditional Diet vs Adaptive Diet – Which Costs More?

Over six decades, inflation has raised all food prices, but not uniformly. Someone maintaining a fixed 1960s-style diet from 1960 through today would have seen their food costs rise far more than the official “cost of food” suggests – because the official index assumes people adjust their buying. In fact, by 2020 such a person would be spending roughly 8–10 times what they spent in 1960 on food in nominal dollars, whereas the behavior-adjusted CPI for food rose about 8-fold (Beef and veal price inflation, 1935→2025) (Fresh whole chicken price inflation, 1935→2024). That implies perhaps a 20–25% higher cumulative cost for the fixed diet follower. The biggest contributors were red meat and dairy: these had higher-than-average inflation over the long run. For example, beef prices rose much faster than overall prices (3,637% since 1935) (Beef and veal price inflation, 1935→2025), while chicken (a cheaper substitute) had lower inflation (805% since 1935) (Fresh whole chicken price inflation, 1935→2024). Consumers responded accordingly – eating less beef and butter, and more chicken and margarine, as decades passed. Grains and processed foods, often mass-produced from low-cost commodities, helped keep modern diets affordable; whole foods did not see such dramatic cost efficiencies.

In each decade, those who adapted their food choices enjoyed a lower cost of living increase than those who stuck with the old-school diet. The 1970s illustrated this vividly (households that substituted chicken or pasta when steak prices spiked avoided some of the worst budget pain). By the 2000s and 2010s, the typical American diet was heavily “behavior-adjusted” for cost – full of cheaper oils, sweeteners, and protein sources – which kept the CPI food inflation relatively low. Meanwhile, a person trying to eat like it’s 1960 (lots of red meat, whole milk, homemade meals) ended up paying a premium each year to do so.

In summary, inflation heavily penalized the maintenance of a 1960s diet. Each decade saw that fixed basket get relatively more expensive, especially for categories like red meat and dairy. In contrast, Americans who embraced cheaper substitutes and new foods managed to keep their food spending growth below the inflation that a “fixed basket” would imply. This behavior-adjustment – switching from costly whole foods to economical processed and alternative foods – has been a key reason the reported CPI for food rose more slowly. It quantifies how much lower the cost of living was for those who adapted: often shaving several percentage points off per-year inflation, and cumulatively making food far more affordable than it would have been under the old diet. The trade-off, of course, is that while the traditional 1960s diet was nutritious but now expensive, the modern adapted diet is cheaper but often less healthy. Consumers effectively used substitutions to counteract food inflation, saving money at the expense of dietary changes. The decades-long outcome is clear – financially, eating in 2023 like it’s 1963 will cost you significantly more than eating like a 2023 consumer, due to the compounding effect of differential inflation and behavior shifts over time.

Other Sources:

• U.S. Bureau of Labor Statistics – Historical CPI data for food categories (Food at home price inflation, 1947→2024) (Beef and veal price inflation, 1935→2025)
• USDA Economic Research Service – Food price reports and consumption trends (Chicken leads U.S. per person availability of meat over last decade | Economic Research Service) (cameracopy4.qxd)
• The Value of a Dollar – mid-20th-century grocery prices (e.g. 1957 butter, beef) (Grocery Store Prices for 14 Items in 1957 | HowStuffWorks) (Grocery Store Prices for 14 Items in 1957 | HowStuffWorks)
• Congressional Research Service – Food inflation and consumer responses (1973 meat boycott - Wikipedia)
• Academic study on healthy vs unhealthy diet cost inflation - (pmc.ncbi.nlm.nih.gov)

@ 889b19eb:ff45973f

A Bitcoin seed phrase, also known as a mnemonic phrase or recovery phrase, is a list of words which store all the information needed to recover your Bitcoin wallet. The seed phrase is effectively a master key to your wallet and having secure backups of your seed phrase ensures you don't lose your stack in the case of a hardware or software wallet failure. There are various physical backup mediums including steal plates and discs you can stamp your seed phrase onto but another option is to store your seed phrase securely in your head. This has the added benefit that it cant be stolen (at least at the time of writing), takes up no physical space and there is something rather cool about having your family wealth stored in your head.

A Mnemonic is simply a system such as a pattern of letters, ideas, or associations which assists in remembering something. This blog post describes two Mnemonic systems I use to remember my seed phrase as well as other lists and numbers. The Linking System

All mnemonics are based on some sort of linking system, the idea is to take the items you want to remember and create scenes and images that you can picture in your mind, this helps lock the information into long term memory. When thinking up these visualisations try to keep the following in mind:

1. The picture should be vivid. Try and see the picture clearly and in focus, imagine yourself stumbling upon the scene or witnessing the events in first person. Let yourself emotionally engage with it for a moment. If the picture is amusing find it funny. If it’s disgusting, actually find it repulsive. focus on how each image makes you feel. Is it funny? Disgusting? Dangerous? Actually take some time to feel that emotion.
2. The elements of each picture should interact. Picturing A and B stood next to each other won’t work. A could be made of B; or dancing with B; being inserted into B; or using b as some sort of implement.
3. The picture should be unusual. If you are linking ‘man’ and ‘cup’, for example, don't use an image that is ordinary. ‘a man drinking from a cup’ for example is too normal. The picture will be more memorable if the man is trying to drink from a giant cup, or is sucking the cup into his face, or if there is a tiny man in a cup trying to get out before the tea gets poured in. Try and be creative and bizarre as possible in order to make a lasting impression.

If the above is starting to make you feel nervous, its actually very straight forward and doesn't require much practice or creative genius. You will be surprised how quickly you can pick this up and how images will just be effortless conjured up to promptly land at a particular word or task you want to remember.

The following example was taken from Derren Brown's fascinating book Tricks of the Mind which first introduced me to these techniques. After reading the next section of this post you will be able to recall the following seemingly randomly words in perfect order and even in reverse. You will likely still be able to recall them weeks later.

Telephone
Sausage
Monkey
Button
Book
Cabbage
Glass
Mouse
Stomach
Cardboard
Ferry
Christmas
Athlete
Key
Wigwam
Baby
Kiwi
Bed
Paintbrush
Walnut

Before beginning try reading the above words and see how many you can remember, minimise the window and see how many you can type out or write down from memory. You might get half a dozen without any special techniques. Now take some time to read the following, remember to take note of how the images are making you feel and take your time, don't just skim read.

Telephone/Sausage: Trying to dial an old-fashioned phone using a flaccid, uncooked sausage. It feels revolting and cold to the fingers, and is utterly impractical to work the dial. I can maybe get the dial around a little way, but then it just purrs back into place.

Sausage/Monkey: Watching footage from a wildlife documentary of a monkey, in the jungle, cooking a sausage over a barbecue. These are rare monkeys, and this is the first time they have been filmed. Next to him he has a selection of dips.

Monkey/Button: You no longer have to spend valuable time doing up your own shirt buttons. You now have a trained monkey to do such things. You stand there in your socks and he does up all the buttons with his clever simian fingers.

Button/Book: It’s a book entirely about buttons, and in order to open it you have to unfasten a line of big colourful buttons down the side. Hugely impractical marketing gimmick. Makes opening it really irritating.

Book/Cabbage: Opening up a book to have a quiet lunchtime read, only to find that the cover and all the pages have leaves of rotten stinking cabbage stuck to them. The stench is terrible, and the pages are ruined. Someone has played a stupid joke on you, and now you’ve got fetid cabbage juice all over your fingers.

Cabbage/Glass: A beautiful but enormous cabbage, realistically created out of glass. The artist is proudly showing it off, flicking it with his fingers and making a ‘pinging’ sound. Everyone’s standing around with glasses of wine appreciating it. Personally you think it’s ridiculous and ugly.

Glass/Mouse: You go to drink a glass of wine, to find that the wine has gone and there’s a tiny mouse in the bottom of the glass. The mouse is clearly drunk, and is wearing a party hat with streamers over his shoulder. A party blow-out extends limply from his mouth, and he’s hiccuping bubbles, like a seventies cartoonist’s depiction of a drunkard.

Mouse/Stomach: Unfortunately I can think only of that urban myth unfairly surrounding Richard Gere some years ago. If you’re not familiar with it, then imagine your tummy full of squeaking mice, which then stream out of your navel like the rats out of Hamelin.

Stomach/Cardboard: A pregnant lady covering her stomach with cardboard from old boxes. Taping it around her, until she is enormous. Now she feels protected.

Cardboard/Ferry: Image of a big P&O ferry sinking in the sea because in a spectacularly misjudged move to save money, the entire boat was manufactured out of cardboard. People are escaping from dinghies, unaware that they are made not from rubber but from ordinary paper.

Ferry/Christmas: A little ferry sat on top of a Christmas tree, perhaps at a school for the hard of hearing. Little streamers, windows, everything. Tinsel around the hull.

Christmas/Athlete: It’s you and all the relations you normally spend Christmas with, running around a race-track in the snow with party hats and crackers trying to beat Kelly Holmes to the finish-line. Your nan is doing superbly, racing ahead in her coat, hat and bag, giving the double-gold winner a run for her money.

Athlete/Key: The winning athlete is given a four-foot-long golden key on a ribbon as a prize. She tries to hold it up for the audience as the National Anthem plays, but it’s extremely heavy, and she wishes she could have just had an ordinary medal.

Key/Wigwam: A key hangs unnoticed from the headgear of a Native American Indian who is unable to get into his wigwam to go to the loo. Hugely frustrating for him. You can picture him, all red-faced. See the key glinting in the light as he searches for it.

Wigwam/Baby: Latest New Age fad: put your baby to sleep every night in a wigwam. Dream-catcher included. Imagine a giant baby asleep inside, snoring, making the sides of the wigwam suck in and blow out.

Baby/Kiwi: A baby shoving green furry kiwi fruit into its mouth. One after another. A huge pile of them waiting to be eaten. Green kiwi juice all down its bib. Throwing up kiwi vomit. He loves kiwis, the little tinker.

Kiwi/Bed: Tucking up a little kiwi for the night in a big king-size bed. Pulling the covers almost over it, then sitting next to it and reading it a story about the Little Kiwi, until it falls asleep.

Bed/Paintbrush: You’ve changed your décor and the bed no longer matches. So rather than buy new covers, you paint them the same colour as the walls. Sloshing paint over the entire bed, watching it go hard and uncomfortable.

Paintbrush/Walnut: Not owning a nutcracker, you’re forced to try and smash open a great big walnut with the end of a paintbrush. Trouble is, you’re using the brush end, which isn’t working, and there’s paint splashing everywhere. It’s a mess, but you really want that walnut.

Now minimise the window again and see how many words you can recall now, start by thinking of the "telephone" and see where it takes you. You should be able to easily recall the whole list. As a bonus round try recalling the list in reverse order starting with "walnut", it should be just as easy. Number Pegs

The linking system is great for remembering things in order (or even reverse) a more powerful system which allows you to recall any word at any position in the sequence without running through from start to finish like you need to do with the linking system is to use a number peg. This creates and index which allows you to recall each word of your seed phrase by its index number. Unlike the standard linking system it will also not break down if you forget one word in the middle of the list. Additionally the system can be used in reverse to remember long numbers or even a whole deck of cards. The Major / Consonant System

The Major or Consonant system is probably the most common peg system in use. First you translate digits into consonants, I use the following which is provided in Derren Brown's Trick of the Mind as this is what I have become use to, but feel free to adapt or create your own as desired.

z/s - Z is in zero and the S sound is most similar to Z
l - They look similar (l for lemur)
n - two downward strokes on a small n
m - three downward strokes
r - fouR
f/v - FiVe, again they are similar sounds
b/p - b looks simlar to 6 and P and B sound and look similar
t - 7 looks like a capital T
ch/sh/j - the GH in eiGHt, and then the J is the nearest to these sounds
g - a written g can resemble a 9

Each consonant is then associated with a short word that contains that consonant.

z/s - zoo
l - ale
n - hen
m - ham
r - whore
f/v - hive
b/g - bee
t - tea
ch/sh/j - shoe
g - goo

for two-digit numbers, convert each digit into a consonant using the table above. Then find a word that uses those two consonants as their first two consonants.

l, z/s - lice
l, l - lily
l, n - line
l, m - lime
l, r - lorry
l, f/v - laugh
l, b/p - lip
l, t - light
l, ch/sh/j - ledge
l, g - leg
n, z/s - nose
n, l - nail
n, n - nanny
n, m - gnome
n, r - nero

I have only supplied words up to 24 as this is all you will need for a Bitcoin seed phrase but for other applications you would normally have a list of words up to 99 or even 999.

Once you have your list of words and their associated numbers, you then use the linking system to link the index word with the word in your seed phrase, so the first word in your seed phrase will be linked with the word "ale" the sixth word in your seed phrase will be linked with "bee" and so on and so forth.

Take the following seed phrase for example:

joke owner layer tail diagram armor input train head promote tuition eager

You might link the words as follows.

1. joke / ale - drinking a pint of ale and laughing at a joke and choking on it and coughing ale all over yourself.
2. owner / hen - Visualize a hen laying golden eggs and the proud owner showing it off to an envious neighbor.
3. layer / ham - peeling layers of pork off a small ham like an onion.
4. tail / whore - you get back to your room with a whore and are surprised to find a big fluffy tail when she drops her draws.
5. diagram / hive - you are working on a big blueprint/diagram of a hive, imagine it in front of you on a drawing board.
6. armor / bee - a high armoured medieval bee, perhaps on horseback with a spear.
7. input / tea - you are using a vending machine and instead of taking coins the coin slot takes teabags for payment, imaging selecting an item and inputting tea bags for payment.
8. train / shoe - imagine a big shoe train, a steam train that is a shoe with wheels on the bottom pulling a carriages down a train track.
9. head / goo - you are on I'm a celeb and have to plunge you head into a big bucket of goo.
10. promote / lice - two lice soldiers, one has been given a promotion the other is pinning a medal on his chest.
11. tuition / lily - Imagine you are in a classroom, but instead of desks, there are giant lily pads. Each student, including you, has to sit atop a lily pad. The tuition fee for the course is actually a handful of lily flowers, which you hand to the instructor.
12. eager / line - Picture a group of people standing in a line, so eager they begin stretching their necks out like giraffes to see the front of the line, vying for the first glimpse of what's to come.

Once you have compiled your list, think of a number between 1 and 12 and turn the number into your peg word and see what image emerges. That should then get you back to your seed word. Try a few with the example above.

And there you have it, once you have completed the exercise above for your seed phrase or phrases, you have now stored your life savings in your head and are safe in the knowledge that you have an always on backup for when disaster strikes. Although this method is very powerful you will need to run through the list every do often to keep it truly cemented. links * The Art of Memory

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Bitcoin's journey from a cryptographic experiment to a widely recognized financial asset is a testament to the rapid evolution of digital currencies. Since its inception in 2009, Bitcoin has captivated the attention of technologists, investors, and the general public alike. Its decentralized nature and potential for high returns have made it a subject of intense interest and debate. The recent introduction of Bitcoin Exchange-Traded Funds (ETFs) marks a pivotal moment in this journey, potentially heralding a new era of mainstream acceptance for Bitcoin and other cryptocurrencies. This development is not just a milestone for Bitcoin enthusiasts but also a signal to the broader financial community about the evolving nature of investment and the growing importance of digital assets.

Table of Contents

• Understanding Bitcoin ETFs

• Bitcoin's Journey to Mainstream Acceptance

• The Impact of ETFs on Bitcoin's Perception

• Risks and Challenges

• The Future of Crypto with ETFs

• Conclusion

• FAQs

Understanding Bitcoin ETFs

A Bitcoin ETF represents a seismic shift in the way investors can access the world of cryptocurrencies. Traditionally, investing in Bitcoin required a certain level of technical know-how, including understanding cryptocurrency exchanges, digital wallets, and the concept of blockchain technology. This complexity has been a significant barrier to entry for many potential investors. A Bitcoin ETF simplifies this process dramatically. Investors can buy and sell shares of the ETF through traditional brokerage accounts, just as they would with any other stock or fund. This accessibility opens the doors to a broader range of investors, from individuals seeking to diversify their portfolios to institutional investors looking for regulated exposure to the crypto market. The ETF structure also provides added security and regulatory oversight, addressing some of the key concerns around cryptocurrency investments.

Bitcoin's Journey to Mainstream Acceptance

The path of Bitcoin to mainstream acceptance has been anything but straightforward. In its early days, Bitcoin was primarily a tool for tech enthusiasts and libertarians, valued for its decentralization and potential as an alternative to traditional currencies. Over time, its appeal broadened, attracting attention from venture capitalists and forward-thinking investors. High-profile endorsements, increasing media coverage, and a growing recognition of its potential as a hedge against inflation and currency devaluation have further propelled Bitcoin into the financial spotlight. Each surge in Bitcoin's price brought more attention and legitimacy, although it was often accompanied by skepticism and warnings of a bubble. The introduction of futures trading on major exchanges and the gradual embrace by major financial institutions have been critical in Bitcoin's journey towards legitimacy.

The Impact of ETFs on Bitcoin's Perception

The launch of Bitcoin ETFs is more than just a new investment product; it's a symbolic bridge between the traditional financial world and the frontier of cryptocurrency. For years, Bitcoin has been viewed with a mix of fascination and skepticism by the mainstream financial community. The introduction of ETFs changes this dynamic significantly. It offers a familiar and regulated framework for investing in Bitcoin, which can assuage the concerns of risk-averse investors and financial advisors. This development is likely to lead to broader acceptance and understanding of Bitcoin as a legitimate asset class, potentially leading to more stable pricing and reduced volatility. It also sets a precedent for other cryptocurrencies, suggesting a future where digital assets are as commonplace in investment portfolios as stocks and bonds.

Risks and Challenges

While Bitcoin ETFs offer new opportunities, they also come with their own set of risks and challenges. The cryptocurrency market is known for its dramatic price swings, and Bitcoin is no exception. Investors in Bitcoin ETFs must be prepared for a potentially turbulent ride. Regulatory challenges are another significant concern. The legal and regulatory framework for cryptocurrencies is still evolving, and changes in government policies or regulations could have a substantial impact on Bitcoin and Bitcoin ETFs. There's also the risk that the introduction of ETFs could lead to increased speculation and potentially inflate a price bubble. Moreover, traditional financial analysts and economists continue to express skepticism about the intrinsic value and long-term stability of Bitcoin, often comparing it to historical financial bubbles.

The Future of Crypto with ETFs

The introduction of Bitcoin ETFs could mark the beginning of a new chapter in the story of cryptocurrencies. As these products gain acceptance and attract more investment, they could pave the way for a broader range of crypto-based financial products and services. This integration into the global financial system could lead to cryptocurrencies becoming a standard part of diversified investment portfolios, alongside stocks, bonds, and commodities. The potential impact on the broader financial market is significant. Cryptocurrencies, led by Bitcoin, could challenge traditional notions of asset allocation, risk, and return. They also offer the potential for innovative financial products and services that leverage blockchain technology, further integrating digital currencies into the fabric of global finance.

Conclusion

The launch of Bitcoin ETFs is a significant milestone in the evolution of cryptocurrencies. It represents a convergence of the traditional financial world and the innovative, sometimes turbulent world of digital currencies. While this development brings new opportunities and a degree of legitimacy to Bitcoin, it also comes with challenges and risks that should not be underestimated. As the financial world continues to evolve, the role of cryptocurrencies and their impact on global markets and investment strategies will be a fascinating and important area to watch.

FAQs

How does a Bitcoin ETF differ from buying Bitcoin directly? Unlike direct Bitcoin purchases, which require a cryptocurrency exchange account and a digital wallet, a Bitcoin ETF can be bought and sold like a regular stock through a brokerage account.

Why are Bitcoin ETFs considered a milestone for cryptocurrency? Bitcoin ETFs represent a significant step towards mainstream acceptance of Bitcoin, offering a familiar and regulated investment option to both individual and institutional investors.

What are the risks involved in investing in Bitcoin ETFs? The risks include the inherent volatility of Bitcoin prices, regulatory changes, and potential market speculation that could impact the stability and value of these ETFs.

How might Bitcoin ETFs affect the future of cryptocurrencies? Bitcoin ETFs could pave the way for more crypto-based financial products, integrating digital currencies more deeply into the global financial system and potentially reshaping investment strategies.

Are Bitcoin ETFs suitable for all investors? Bitcoin ETFs, like any investment, may not be suitable for everyone. They are best suited for those who understand the high-risk nature of cryptocurrency investments and are looking to diversify their portfolio.

That's all for today

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ 8f69ac99:4f92f5fd

O Estado Social tem sido um pilar das políticas sociais europeias há décadas, oferecendo uma rede de segurança aos cidadãos através de diversos programas governamentais. Contudo, com a evolução das economias e o envelhecimento da população a pressionar os recursos públicos, este modelo tradicional enfrenta desafios crescentes. Custos em alta, ineficiências burocráticas e efeitos indesejados têm gerado um debate cada vez mais intenso sobre a sua sustentabilidade. Como alternativa, o Rendimento Básico Universal (RBU) ganhou destaque, prometendo simplicidade, mas trazendo preocupações quanto ao custo e aos desincentivos ao trabalho. Há, porém, uma opção mais equilibrada que merece atenção: o Imposto sobre o Rendimento Negativo (IRN).

Diferente da assistência social convencional, o IRN oferece apoio financeiro a quem está abaixo de um limiar de rendimento definido, sem exigir que procurem emprego ou dependam de ajudas públicas. Ao reduzir gradualmente os subsídios à medida que os rendimentos aumentam, incentiva a produtividade e preserva a iniciativa pessoal. Neste artigo, vamos explorar o IRN em profundidade, destacando as suas vantagens sobre os sistemas tradicionais, abordando as falhas do RBU e avaliando o seu potencial como uma reforma transformadora na Europa. Num contexto de mudanças económicas e demográficas, o IRN surge como um caminho prático para um sistema que equilibre apoio, dignidade e sustentabilidade.

Problemas dos Sistemas Tradicionais de Assistência Social

O Estado Social tradicional, embora bem-intencionado, tem sido alvo de críticas crescentes pelas suas ineficiências e consequências inesperadas.

Ineficiência e Burocracia

Estruturas administrativas complexas frequentemente atrasam os sistemas de assistência social, levando a desperdícios de recursos. Programas sobrepostos e serviços redundantes aumentam os custos, sobrecarregando os contribuintes. Por exemplo, várias entidades podem oferecer benefícios semelhantes, enquanto processos morosos atrasam a ajuda a quem precisa. Com o envelhecimento da população europeia a exigir mais apoio, estas ineficiências põem em risco a estabilidade financeira, desafiando os decisores políticos a repensarem a distribuição de recursos.

Incentivos Perversos

A assistência social pode, sem querer, desencorajar o trabalho e perpetuar a dependência. Surgem "armadilhas de assistência" quando os benefícios são estruturados de forma a que ganhar um salário resulte numa redução abrupta da ajuda, tornando o emprego menos atractivo do que permanecer no assistencialismo. Isso cria um ciclo em que os beneficiários hesitam em procurar trabalho ou formação, comprometendo as suas perspectivas a longo prazo. Com o tempo, tais sistemas arriscam criar uma cultura de dependência, minando a iniciativa pessoal e prendendo indivíduos numa estagnação económica.

Peso Económico

A pressão financeira do Estado Social está a intensificar-se com as mudanças demográficas na Europa. Populações mais envelhecidas requerem maior apoio, elevando os custos e exigindo impostos mais altos ou gastos públicos acrescidos. Isso desvia recursos da inovação e do investimento, podendo travar o crescimento económico. Sem reformas, estas despesas crescentes podem tornar-se insustentáveis, obrigando os governos a encontrar soluções que mantenham o apoio sem comprometer as finanças.

Estigma Social

Além das questões económicas, a assistência social traz muitas vezes um custo social. Os beneficiários enfrentam frequentemente estereótipos de preguiça ou incompetência, o que gera vergonha e diminui a autoestima. Este estigma pode dificultar a mobilidade social, tornando mais complicado sair da dependência. Resolver isto exige um sistema que não só apoie, mas também capacite, reduzindo preconceitos e promovendo inclusão.

Face a estas falhas, a Europa precisa de explorar alternativas que prestem ajuda de forma mais eficaz. O Imposto sobre o Rendimento Negativo apresenta-se como uma opção promissora, capaz de enfrentar estas questões sistémicas.

O Caso Contra o Rendimento Básico Universal (RBU)

O Rendimento Básico Universal surgiu como uma ideia ousada para combater a pobreza e a desigualdade, oferecendo a cada cidadão um pagamento fixo independentemente das suas necessidades. No entanto, a sua simplicidade traz desvantagens significativas.

O custo do RBU é um obstáculo enorme. Implementá-lo em toda a Europa exigiria fundos avultados, pressionando orçamentos já sobrecarregados pelos compromissos actuais do Estado Social. Isso poderia implicar subidas acentuadas de impostos ou cortes noutros serviços, enquanto a criação da infraestrutura administrativa necessária traria mais despesas. Há também quem tema os desincentivos ao trabalho: se todos receberem o mesmo valor, alguns podem sentir menos motivação para trabalhar ou arriscar em projectos empreendedores, podendo afectar a vitalidade económica.

Além disso, a abordagem universal do RBU sacrifica eficiência. Ao distribuir fundos de forma igual, não dá prioridade a quem mais precisa, entregando recursos aos mais ricos enquanto dilui o impacto sobre os pobres. Esta falta de foco levanta dúvidas sobre a sua capacidade de combater a desigualdade de forma eficaz. Embora o apelo do RBU esteja na sua universalidade, estes desafios apontam para a necessidade de uma solução mais direccionada—e é aqui que o IRN entra em cena.

Compreender o Imposto sobre o Rendimento Negativo (IRN)

O Imposto sobre o Rendimento Negativo propõe uma abordagem refinada ao apoio social, combinando assistência com incentivos. No seu cerne, define um limiar de rendimento base—digamos, 1.000 euros por mês. Quem ganha menos recebe um subsídio proporcional à diferença, enquanto quem ultrapassa esse valor paga impostos para financiar o sistema. Por exemplo, com uma taxa de subsídio de 50%, quem não tem rendimentos recebe 500 euros, e quem ganha 400 euros recebe 300 euros, elevando o total para 700 euros. À medida que o rendimento se aproxima do limiar, o subsídio diminui, desaparecendo nos 1.000 euros, altura em que a tributação começa.

Veja-se uma ilustração simples:

| Rendimento Mensal (€) | Pagamento IRN (€) | Rendimento Total Após IRN (€) | |-----------------------|-------------------|------------------------------| | 0 | 500 | 500 | | 400 | 300 | 700 | | 800 | 100 | 900 | | 1.000 | 0 | 1.000 | | 1.200 | - (impostos aplicam-se) | 1.200 - impostos |

Isto garante que trabalhar compensa sempre: ganhar mais aumenta o rendimento total, evitando a armadilha da assistência. O financiamento vem de um imposto fixo—talvez 19%—sobre os rendimentos acima do limiar. Quem ganha 1.500 euros, por exemplo, paga 95 euros sobre os 500 euros acima de 1.000, ficando com 1.405 euros. Este modelo fiscal simples facilita a gestão e assegura equidade.

| Rendimento (€) | Rendimento Tributável (€) | Imposto (€) | Após Imposto (€) | |----------------|---------------------|---------|------------------| | 1000 | 0 | 0 | 1000 | | 1200 | 200 | 38 | 1162 | | 2000 | 1000 | 190 | 1810 |

O IRN pode ser de participação voluntária, através de um contrato. As pessoas podem aderir ao sistema se precisarem de apoio ou rejeitá-lo se não aceitarem ajuda estatal, evitando os impostos associados ao financiamento do IRN. Quem optar por sair pode reentrar em caso de dificuldades, equilibrando liberdade de escolha com pragmatismo. Para libertários desconfiados de ingerências governamentais, isto torna o IRN um compromisso—um passo para longe do assistencialismo coercivo e em direcção a maior autonomia.

Filosoficamente, o IRN não é um objectivo final, mas uma ponte. Ao simplificar a ajuda e reduzir a burocracia, pode abrir caminho para soluções privadas, como caridade ou apoio mútuo, diminuindo o papel do estado ao longo do tempo. Características como a avaliação de meios e a indexação à inflação reforçam a sua adaptabilidade, garantindo que o apoio permaneça justo e relevante.

Vantagens do Imposto sobre o Rendimento Negativo (IRN)

O IRN destaca-se onde o Estado Social tradicional falha. Os seus subsídios decrescentes incentivam o trabalho, premiando o esforço à medida que o rendimento sobe e impulsionando a produtividade. Isto contrasta fortemente com as armadilhas da assistência, encorajando as pessoas a procurarem formação ou a arriscarem em empreendedorismo sem medo de perder apoio de repente.

Na gestão, o IRN é revolucionário. Substituir um emaranhado de programas por um único sistema reduz a burocracia e os custos, canalizando recursos directamente para quem precisa. Um processo de pagamento único elimina sobreposições, tornando a entrega de ajuda mais rápida e eficiente.

A dignidade é outro ponto forte. Ao oferecer escolha e evitar supervisão intrusiva, o IRN escapa ao estigma do assistencialismo, dando aos beneficiários autonomia para gerir as suas finanças. Isso promove o autorrespeito e um sentido de controlo, quebrando o ciclo de dependência.

Economicamente, a flexibilidade do IRN sobressai. Adapta-se às flutuações de rendimento, direccionando a ajuda exactamente onde é necessária. Estudos indicam que pode reduzir a pobreza, melhorar a mobilidade social e até beneficiar a saúde, ao aliviar o stress financeiro, oferecendo um impulso abrangente ao bem-estar.

Responder às Críticas ao Imposto sobre o Rendimento Negativo (IRN)

Nenhuma política escapa a críticas, e o IRN tem as suas. Os libertários veem, e bem, os impostos como roubo, e embora o IRN não elimine esta tensão, suaviza-a. Ao condensar o Estado Social num sistema claro e simples, reduz a intromissão estatal face à burocracia actual. Os seus incentivos ao trabalho alinham-se com valores de responsabilidade, tornando-o um passo aceitável a curto prazo.

O financiamento preocupa, sobretudo em países europeus já muito tributados, mas uma taxa fixa oferece uma solução. Simples e previsível, minimiza os custos administrativos e assegura contribuições justas, sustentando o IRN sem sobrecarga excessiva. Há também quem debata o seu impacto social—uns chamam-lhe um subsídio fácil, um hand-out, outros um sistema demasiado voltado para o mercado. Ainda assim, o IRN encontra um meio-termo, oferecendo uma rede de segurança que recompensa o esforço sem controlar vidas.

Passar para o IRN exige eliminar gradualmente os programas antigos e informar o público sobre os seus benefícios: um governo mais leve, menos dependência e maior iniciativa pessoal. Para quem sonha com um futuro sem estado, o IRN não é o destino, mas um movimento prático rumo a sistemas de apoio voluntários, promovendo uma cultura de autossuficiência.

Conclusão

O Imposto sobre o Rendimento Negativo não é perfeito, mas é um avanço claro face ao status quo. Reduz os excessos do Estado Social, promove trabalho e dignidade, e oferece à Europa uma reforma viável perante as pressões económicas. Para os contribuintes, promete eficiência; para os beneficiários, oportunidade. Numa região onde o assistencialismo está profundamente enraizado, o IRN surge como um passo ousado, mas possível, para um futuro mais livre e sustentável—um que capacite as pessoas enquanto alivia o peso do estado.

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Photo by The New York Public Library on Unsplash

@ 8da249fe:ecc00e09

Se você está começando no mundo do Bitcoin e das criptomoedas, já deve ter ouvido falar em "hot wallets" e "cold wallets". Mas qual é a diferença entre elas? E qual é a melhor opção para armazenar seus ativos digitais com segurança?

O que é uma Hot Wallet?

Uma hot wallet (carteira quente) é uma carteira conectada à internet. Isso significa que ela é mais acessível e fácil de usar para transações rápidas. As hot wallets podem ser:

Carteiras móveis – Aplicativos como BlueWallet, Trust Wallet e outras.

Carteiras de desktop – Programas instalados no computador, como Electrum e Exodus.

Carteiras web – Serviços online como a carteira do próprio Binance ou outras exchanges.

Vantagens da Hot Wallet

✅ Acesso rápido e fácil para transações diárias. ✅ Interface amigável, ideal para iniciantes. ✅ Geralmente gratuita para uso.

Desvantagens da Hot Wallet

❌ Maior risco de ataque hacker, já que está sempre online. ❌ Se o dispositivo for infectado por malware, suas chaves privadas podem ser comprometidas.

O que é uma Cold Wallet?#

Uma cold wallet (carteira fria) é uma carteira que não está conectada à internet, tornando-se muito mais segura contra hackers. Elas podem ser:

Carteiras de hardware – Como Ledger Nano S, Nano X ou Trezor.

Carteiras de papel – Impressão da chave privada e do endereço em um papel.

Computadores ou dispositivos offline – Um computador dedicado apenas para armazenar criptomoedas, sem conexão com a internet.

Vantagens da Cold Wallet

✅ Segurança máxima contra ataques cibernéticos. ✅ Ótima opção para armazenamento de longo prazo. ✅ Controle total sobre suas chaves privadas.

Desvantagens da Cold Wallet

❌ Menos prática para transações diárias. ❌ Pode ser mais cara, no caso das carteiras de hardware. ❌ Se você perder sua chave privada ou backup, pode perder o acesso aos fundos.

Qual escolher: Hot ou Cold Wallet?

A escolha depende do seu perfil de investidor:

Se você faz transações frequentes, uma hot wallet pode ser mais conveniente.

Se você quer armazenar Bitcoin com segurança por muito tempo, a cold wallet é a melhor opção.

Muitos usuários combinam as duas, mantendo uma pequena quantia em uma hot wallet para o dia a dia e guardando a maior parte dos fundos em uma cold wallet.

Independente da escolha, lembre-se sempre de manter suas chaves privadas seguras e fazer backups regularmente!

    Gostou do conteúdo? Compartilhe sua opinião nos comentários!

@ 95cb4330:96db706c

Tackling big tasks can feel overwhelming, but by breaking them down into smaller steps, prioritizing effectively, and setting clear milestones, you can maintain focus and make steady progress.

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1. Divide the Task into Manageable Steps

Instead of viewing the task as one massive undertaking, split it into specific, actionable steps to create a clear roadmap.

🔹 Example: If your goal is to launch a new product, break it down like this: - Conduct market research - Develop a prototype - Build a marketing strategy - Create a launch plan - Execute the launch

Each step is now more manageable and can be worked on independently.

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2. Prioritize Based on Impact & Urgency

Not all tasks are equally important. Prioritize effectively to avoid wasting time on low-value activities.

✔ Use the Eisenhower Matrix: - Urgent & Important: Do immediately. - Important but Not Urgent: Schedule it. - Urgent but Not Important: Delegate it. - Neither Urgent nor Important: Eliminate it.

🔹 Example: If launching a product, market research might be urgent & important, while branding tweaks could be scheduled for later.

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3. Set Milestones & Deadlines

Assign deadlines for each step to track progress and stay motivated.

✔ Example: Instead of saying, "Launch the product in 6 months," break it down: - Market research: Week 1-2 - Prototype development: Week 3-6 - Marketing strategy: Week 7-8 - Launch execution: Week 9-10

By setting clear deadlines, you create a sense of accountability and prevent procrastination.

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4. Take Consistent Action

✔ Focus on completing one step at a time.
✔ Celebrate small wins—progress builds momentum.
✔ Stay adaptable—if needed, refine your steps as you go.

🔹 Example: If market research reveals an issue with the original product idea, adjust before moving forward rather than sticking rigidly to the plan.

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Final Thought

By approaching big tasks systematically, you reduce overwhelm, maintain clarity, and steadily progress toward success.

👉 Action Step: Take a current big task you're facing. Break it into smaller steps, prioritize, set deadlines, and start taking action today. 🚀

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@ 95cb4330:96db706c

Break down complex problems into their fundamental truths and build solutions from the ground up. This approach fosters creativity and avoids relying on assumptions.

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How to Implement First Principles Thinking

1. Deconstruct the Problem
2. Identify the core components:
   Question assumptions and remove preconceived notions.
3. Ask:
   What do we know for sure? What can we verify as a fact?

4. Example:
   Instead of assuming "Electric cars are too expensive," break it down: What are the main cost drivers? Batteries, manufacturing, and distribution.

5. Challenge Assumptions

6. Question the status quo:
   Many constraints are based on tradition or outdated thinking, not necessity.

7. Ask:
   What if this assumption is wrong? How else could it be done?

8. Rebuild from the Ground Up

9. Start with the fundamental truths:
   Use the identified truths to construct new solutions using logic and creativity.
10. Avoid shortcuts:
    Don't rely on existing frameworks that may limit possibilities.

11. Example:
    Tesla used first principles to design their batteries by focusing on material costs rather than purchasing standard packs.

12. Foster a Creative Mindset

13. Think like a scientist or engineer:
    Break, test, and experiment to find new pathways.
14. Encourage innovation:
    Brainstorm solutions that are original rather than replicative.

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Why It Works

This method avoids reliance on assumptions and encourages fresh perspectives. By starting with "what is undeniably true," you open the door to unconventional solutions and breakthrough ideas.

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@ 95cb4330:96db706c

Implementing Decision Journals, as practiced by leaders like Jeff Bezos and Ray Dalio, can significantly enhance your decision-making skills by promoting reflection and continuous improvement. This method involves documenting key decisions, the rationale behind them, and anticipated outcomes, allowing for analysis of past choices to identify patterns and biases.

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Understanding Decision Journals

• Definition:
  A decision journal is a structured record where you log important decisions, including the context, your thought process, and expected results. This practice enables you to track the accuracy of your judgments and refine your decision-making over time.

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Examples in Practice

• Jeff Bezos:
  The founder of Amazon utilizes a "Regret Minimization Framework" to guide his decisions. By projecting himself into the future and considering potential regrets, Bezos focuses on long-term fulfillment over short-term comfort. This approach was pivotal when he decided to leave his stable job to start Amazon.

• Ray Dalio:
  The founder of Bridgewater Associates emphasizes the importance of recording decisions to create a set of well-defined principles. Dalio's process of documenting and analyzing his choices has been fundamental in developing effective decision-making rules that have contributed to his success.

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Implementing a Decision Journal

1. Record the Decision:
   Document the specifics of the decision, including the date, context, and the options considered.
2. Articulate Your Reasoning:
   Detail the thought process and assumptions that led to your choice.
3. Predict the Outcome:
   Note your expectations regarding the results of the decision.
4. Review and Reflect:
   After some time, revisit the decision to compare actual outcomes with your predictions, analyzing any discrepancies to identify biases or areas for improvement.

---

Action Step

Begin by selecting a current decision you are facing. Create a journal entry that outlines the decision, your reasoning, and expected outcomes. Schedule a future date to review the decision and assess its results. Regular use of decision journals can enhance self-awareness and lead to more informed choices.

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By adopting the practice of maintaining decision journals, you can systematically refine your judgment, reduce recurring mistakes, and make decisions that align more closely with your long-term goals.

Recommended Resource:
Ray Dalio ON: Principles for Making Better Decisions & How to Strengthen Relationships for Long-Term Success | Podcast | Jay Shetty

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@ 95cb4330:96db706c

Embracing a Bias Toward Action, as exemplified by leaders like Elon Musk and Jeff Bezos, involves prioritizing swift decision-making and iterative progress over prolonged analysis. This approach fosters innovation, accelerates learning, and enhances adaptability in dynamic markets.

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Understanding Bias Toward Action

• Definition:
  A Bias Toward Action emphasizes initiating tasks promptly and refining them through continuous feedback, rather than striving for perfection before implementation.

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Examples in Practice

• Elon Musk's Rapid Prototyping:
  At SpaceX, Musk employs an iterative design methodology, rapidly developing and testing prototypes to accelerate learning and innovation. This approach allows for quick identification of effective solutions and necessary improvements.
  newspaceeconomy.ca

• Jeff Bezos' Two-Way Door Framework:
  Bezos introduced the concept of "two-way door" decisions at Amazon, distinguishing between reversible and irreversible choices. For reversible decisions, he advocates for swift action, as they can be adjusted if needed. This strategy reduces decision-making paralysis and promotes agility.
  aboutamazon.com

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Implementing a Bias Toward Action

1. Identify Decision Types:
   Assess whether a decision is reversible ("two-way door") or irreversible ("one-way door"). For reversible decisions, prioritize speed and be willing to iterate.
2. Set Clear Deadlines:
   Establish specific time frames for making decisions and taking action to prevent overanalysis and maintain momentum.
3. Encourage Experimentation:
   Foster a culture that supports testing ideas and learning from outcomes, viewing failures as opportunities for growth.

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Action Step

Reflect on a project or decision you've been postponing. Determine if it's a reversible choice; if so, take an immediate step forward today, embracing the possibility of iteration and improvement.

By adopting a Bias Toward Action, you can enhance responsiveness, drive innovation, and position yourself to capitalize on emerging opportunities effectively.

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@ d360efec:14907b5f

ภาพรวม BTCUSDT (OKX):

Bitcoin (BTCUSDT) แนวโน้ม Day ยังเป็นขาลง , 4H Sideway Down, 15m Sideways Down

วิเคราะห์ทีละ Timeframe:

(1) TF Day (รายวัน):

• แนวโน้ม: ขาลง (Downtrend)
• SMC:
  • Lower Highs (LH) และ Lower Lows (LL)
  • Break of Structure (BOS) ด้านล่าง
  • Liquidity:
    • มี Sellside Liquidity (SSL) ใต้ Lows
    • มี Buyside Liquidity (BSL) เหนือ Highs
• ICT:
  • Order Block: ราคา Sideway ใกล้ๆ Order Block ขาลง
• EMA:
  • ราคาอยู่ใต้ EMA 50/200
• Money Flow (LuxAlgo):
  • แดง
• Trend Strength (AlgoAlpha):
  • แดง/ไม่มีสัญญาณ
• Chart Patterns: None
• Volume Profile:
• แนวรับ: Low ล่าสุด
• แนวต้าน: EMA 50/200, Order Block
• สรุป: แนวโน้มขาลง

(2) TF4H (4 ชั่วโมง):

• แนวโน้ม: ขาลง (Downtrend)
• SMC:
  • Lower Highs (LH) และ Lower Lows (LL)
  • Break of Structure (BOS)
  • Liquidity:
    • มี SSL
    • มี BSL
• ICT: * Order Block: ราคา Sideway ใกล้ๆ Order Block ขาลง
• EMA:
  • ราคาอยู่ใต้ EMA 50/200
• Money Flow (LuxAlgo):
  • แดง
• Trend Strength (AlgoAlpha):
  • แดง/ไม่มีสัญญาณ
• Chart Patterns: None
• Volume Profile:
• แนวรับ: Low
• แนวต้าน: EMA 50/200, Order Block
• สรุป: แนวโน้มขาลง

(3) TF15 (15 นาที):

• แนวโน้ม: Sideways Down
• SMC:
  • Lower Highs (LH) และ Lower Lows (LL) เริ่ม Sideways
  • Break of Structure (BOS)
  • Liquidity:
• ICT: * Order Block ราคา Sideways ใกล้ๆ Order Block
• EMA:
  • EMA 50/200 เป็นแนวต้าน
• Money Flow (LuxAlgo):
  • แดง/เขียว สลับกัน
• Trend Strength (AlgoAlpha):
  • แดง/ไม่มีสัญญาณ
• Chart Patterns: None
• Volume Profile:
  • Volume ค่อนข้างสูง
• แนวรับ: Low
• แนวต้าน: EMA 50, EMA 200, Order Block
• สรุป: แนวโน้ม Sideways Down

สรุปภาพรวมและกลยุทธ์ (BTCUSDT):

• แนวโน้มหลัก (Day): ขาลง
• แนวโน้มรอง (4H): ขาลง
• แนวโน้มระยะสั้น (15m): Sideways Down
• Liquidity: มี SSL
• Money Flow: ลบ
• Trend Strength: Day/4H/15m ขาลง
• Chart Patterns: ไม่มี
• กลยุทธ์:
  1. Wait & See (ดีที่สุด): รอ
  2. Short (เสี่ยง): ถ้าไม่ Breakout EMA/แนวต้าน
  3. ไม่แนะนำให้ Buy

Day Trade & การเทรดรายวัน:

• Day Trade (TF15):

  • Short Bias: Short เมื่อเด้ง (EMA, Order Block)
  • Stop Loss: เหนือแนวต้าน
  • Take Profit: แนวรับ
  • ไม่ Long

• Swing Trade (TF4H):

  • Short Bias: Short เมื่อไม่ผ่าน EMA/Order Block
  • Stop Loss: เหนือแนวต้าน
  • Take Profit: แนวรับ
  • ไม่ Long

สิ่งที่ต้องระวัง:

• SSL: ราคาอาจถูกลากลงไป
• False Breakouts: ระวัง
• Volatility: สูง

Setup Day Trade แบบ SMC (ตัวอย่าง - Bearish):

1. Order Block: หา Bearish Order Block ใน TF15
2. Pullback: รอ Pullback ไปทดสอบ
3. Bearish Entry:
   • Rejection: รอ Price Action ปฏิเสธ
   • Break of Structure: รอ Break โครงสร้างย่อย
   • Money Flow: แดง
4. Stop Loss: เหนือ Order Block
5. Take Profit: แนวรับ

คำแนะนำ:

• แนวโน้มทั้งหมดเป็นลบ
• Money Flow เป็นลบ
• Trend Strength เป็นลบ
• ไม่แนะนำให้ Buy
• Wait & See หรือ Short (ถ้ามีประสบการณ์)
• บริหารความเสี่ยง!

คำแนะนำสุดท้าย: สถานการณ์โดยรวมของ BTCUSDT อยู่ในสภาวะขาลงและมีความเสี่ยงสูง แนะนำอย่างยิ่งให้ใช้กลยุทธ์ "Wait & See" (รอดูสถานการณ์) การ Short (ขาย) เป็นการเทรดที่มีความน่าจะเป็นสูงกว่าในขณะนี้ แต่เหมาะสำหรับนักเทรดที่มีประสบการณ์และมีการบริหารความเสี่ยงที่เข้มงวดเท่านั้น ไม่แนะนำให้ Buy (ซื้อ) ในเวลานี้

Disclaimer: การวิเคราะห์นี้เป็นเพียงความคิดเห็นส่วนตัว ไม่ถือเป็นคำแนะนำในการลงทุน ผู้ลงทุนควรศึกษาข้อมูลเพิ่มเติมและตัดสินใจด้วยความรอบคอบ

@ 59cfee8f:7598a483

What is Crypto Mining? Before we dive into the trends and predictions, let's first define what crypto mining is. Cryptocurrency mining involves the use of powerful computers to solve complex mathematical problems and validate transactions on the blockchain. Miners compete to solve these problems and the first one to do so is rewarded with a certain amount of cryptocurrency.

Trend 1: Increased Focus on Renewable Energy One of the biggest trends in crypto mining is a shift towards renewable energy sources. As concerns about climate change continue to grow, many miners are looking for ways to reduce their carbon footprint and operate in a more sustainable manner. Solar and wind power are increasingly being used to power mining operations, and there are even projects underway to create completely renewable-powered mining farms.

Trend 2: The Rise of Decentralized Mining Pools Another trend that is gaining momentum in the crypto mining world is the emergence of decentralized mining pools. These pools are designed to be more transparent, fair, and resistant to manipulation than traditional centralized mining pools. By utilizing blockchain technology, these pools can offer greater security and reduce the risk of fraud.

Trend 3: Continued Growth of GPU Mining GPU mining has been around for several years now, but it continues to be an attractive option for miners due to its flexibility and cost-effectiveness. With the rise of new cryptocurrencies and the increased demand for computing power, GPU mining is expected to continue its growth trajectory in 2023.

Trend 4: Increased Focus on Security Security has always been a major concern in the crypto world, and this is especially true for mining operations. In 2023, we can expect to see a greater emphasis on security measures, such as multi-factor authentication, encryption, and biometric verification. Miners will need to be vigilant in order to protect their assets and prevent cyber attacks.

Trend 5: Emergence of New Mining Algorithms As the cryptocurrency market continues to evolve, we can expect to see the emergence of new mining algorithms. These algorithms will be designed to be more efficient, secure, and resistant to manipulation. This could lead to a shift away from traditional proof-of-work algorithms towards proof-of-stake or other innovative solutions.

Prediction 1: Increased Regulation As the cryptocurrency market continues to grow and gain mainstream acceptance, we can expect to see increased regulation from governments and financial institutions. This could have a significant impact on the mining industry, with stricter regulations and oversight leading to greater stability and legitimacy.

Prediction 2: Continued Price Volatility Cryptocurrency prices have always been volatile, and this is unlikely to change in 2023. While the overall trend may be upwards, there will still be significant fluctuations in price, driven by factors such as global economic conditions, regulatory changes, and investor sentiment.

Prediction 3: Greater Collaboration and Partnership As the cryptocurrency market becomes more mature, we can expect to see greater collaboration and partnership between mining companies, cryptocurrency exchanges, and other players in the ecosystem. This could lead to new business models and innovative solutions for miners and investors alike.

Prediction 4: Increased Adoption of Cryptocurrencies As more and more businesses and individuals begin to accept cryptocurrencies as a form of payment, we can expect to see increased adoption of these digital assets. This could lead to greater demand for mining equipment and services, as well as new opportunities for miners to earn rewards and profits.

Prediction 5: Evolution of Mining Hardware The evolution of mining hardware is a trend that has been ongoing since the early days of Bitcoin mining. As the demand for computing power continues to grow, we can expect to see new and improved mining hardware emerge in 2023. This could include more powerful GPUs, ASICs, and other specialized equipment designed specifically for mining.

Conclusion In conclusion, the future of crypto mining in 2025 and beyond looks promising, with numerous trends and predictions pointing towards continued growth and innovation. As the industry evolves and matures, miners will need to adapt and embrace new technologies and strategies in order to stay competitive and profitable. With the right tools and knowledge, however, there is no doubt that crypto mining will continue to be a valuable and exciting part of the cryptocurrency ecosystem for many years to come.

@ d360efec:14907b5f

Overall Assessment:

Bitcoin (BTCUSDT) on OKX remains highly volatile, and the overall trend is still uncertain. While the long-term trend (Daily chart) technically has been an uptrend, it has significantly weakened. The 4-hour and 15-minute charts are now in downtrends. This analysis incorporates:

• SMC (Smart Money Concepts): Market structure, Break of Structure, Change of Character, Order Blocks, Liquidity.
• ICT (Inner Circle Trader Concepts): Optimal Trade Entry (OTE), Fair Value Gaps (FVG), Mitigation, Breaker Blocks, Liquidity Pools/Runs.
• Buyside & Sellside Liquidity: Identifying likely areas of Smart Money buying/selling.
• Money Flow (LuxAlgo): Capital inflows/outflows.
• EMA (Exponential Moving Average): 50 (yellow) and 200 (white).
• Trend Strength (AlgoAlpha): Trend identification and strength, including the "cloud" and buy/sell signals.
• Chart Patterns: Identification of significant chart patterns.
• Volume Profile: (Used as needed).

Detailed Analysis by Timeframe:

(1) TF Day (Daily):

• Trend: Downtrend
• SMC:
  • Lower Highs (LH) and Lower Lows (LL)
  • BOS to the downside.
  • Liquidity:
    • Sellside Liquidity (SSL): Significant SSL rests below previous lows.
    • Buyside Liquidity (BSL): BSL is present above recent highs.
• ICT:
  • Order Block: The price failed to break above a bearish Order Block.
• EMA:
  • Price is below both the 50-period and 200-period EMAs (bearish).
• Money Flow (LuxAlgo):
  • Red, selling pressure
• Trend Strength (AlgoAlpha):
  • Red cloud, Downtrend, No signals.
• Chart Patterns: None
• Volume Profile:
• Support: Recent lows.
• Resistance: EMA 50, EMA 200, Order Block.
• Summary: Downtrend

(2) TF4H (4-Hour):

• Trend: Downtrend.
• SMC:
  • Lower Highs (LH) and Lower Lows (LL).
  • BOS to the downside.
  • Liquidity:
    • SSL: Below previous lows.
    • BSL: Above previous highs.
• ICT:
  • Order Block: The price failed to break above a bearish Order Block.
• EMA:
  • Price is below both the 50-period and 200-period EMAs (bearish).
• Money Flow (LuxAlgo):
  • Red, selling pressure.
• Trend Strength (AlgoAlpha):
  • Red cloud, Downtrend, No signals.
• Chart Patterns: None
• Volume Profile:
• Support: Recent lows.
• Resistance: EMA 50, EMA 200, Order Block.
• Summary: Downtrend

(3) TF15 (15-Minute):

• Trend: Sideways Down
• SMC:
  • Lower Highs (LH) and Lower Lows (LL) - but showing signs of sideways movement.
  • BOS to the downside.
• ICT: * Order Block The price is ranging near a bearish Order Block.
• EMA:
  • The 50-period and 200-period EMAs are acting as resistance.
• Money Flow (LuxAlgo):
  • Red
• Trend Strength (AlgoAlpha):
  • Red/No signals
• Chart Patterns: None
• Volume Profile
• Relatively High Volume
• Support: Recent lows.
• Resistance: EMA 50, EMA 200, Order Block.
• Summary: Sideways Down

Overall Strategy and Recommendations (BTCUSDT):

• Primary Trend (Day): Downtrend
• Secondary Trend (4H): Downtrend
• Short-Term Trend (15m): Sideways Down
• Liquidity: SSL below on all timeframes.
• Money Flow: Negative on all timeframes.
• Trend Strength: Bearish on Day, 4H, and 15m.

• Chart Patterns: None

• Strategies:

  1. Wait & See (Best Option): The bearish momentum and lack of clear bullish reversals make waiting for confirmation the most prudent approach.
  2. Short (High Risk): This aligns with the downtrends on all timeframes.
     • Entry: Look for short entries on rallies to resistance levels (EMAs, Order Blocks, previous support turned resistance).
     • Stop Loss: Above recent highs or key resistance.
     • Target: Recent lows, then SSL zones.
  3. Buy (Extremely High Risk - NOT Recommended): Do not buy unless there are extremely strong and consistent bullish reversal signals across all timeframes.

Day Trading & Swing Trading:

• Day Trade (TF15 Focus):

  • Bias: Short.
  • Entry: Look for bearish setups (rejections of resistance, bearish candlestick patterns) near EMAs or Order Blocks.
  • Stop Loss: Tight, above resistance.
  • Take Profit: Recent lows.
  • Avoid: Longs.

• Swing Trade (TF4H Focus):

  • Bias: Short.
  • Entry: Look for bearish setups (rejections of resistance, bearish candlestick patterns) near EMAs or Order Blocks.
  • Stop Loss: Above resistance.
  • Take Profit: Next major support levels (SSL zones).
  • Avoid: Longs.

Key Considerations & Warnings:

• Sellside Liquidity (SSL): High probability of price being drawn down to these levels.
• False Breakouts: Always a risk.
• Volatility: Expect high volatility.
• Conflicting Timeframes: While the long-term trend was bullish, the current price action and indicators are overwhelmingly bearish.
• Money Flow: Consistently negative across all timeframes.
• Trend Strength: Bearish across all timeframes.

SMC Day Trade Setup Example (Bearish - TF15):

1. Identify Bearish Order Block: Locate a bearish Order Block on the TF15 chart.
2. Wait for Pullback: Wait for the price to pull back up to test the Order Block (this might not always happen).
3. Bearish Entry:
   • Rejection: Look for price action to reject the Order Block (e.g., pin bar, engulfing pattern, other bearish patterns).
   • Break of Structure: Look for a break of a minor support level on a lower timeframe (1m/5m) after the Order Block test.
   • Money Flow: Confirm negative Money Flow (red).
4. Stop Loss: Place a stop-loss order above the Order Block.
5. Take Profit: Target the next support level (e.g., recent lows).

Recommendations:

All trends are negative. Money flow is negative. Trend strength is negative. Buying is not recommended. Wait and see, or short (if experienced). Manage your risk! I've made the following very minor changes, maintaining the original meaning:

Changed 'Advice' to a more natural sounding 'Recommendations'. Used "if experienced" instead of "(if have experience)" This version maintains the original meaning while sounding more natural in English, particularly in a financial/trading context.

Final Recommendation: The overall situation for BTCUSDT is bearish and high-risk. The "Wait & See" approach is strongly recommended. Shorting is currently the higher-probability trade, but only for experienced traders with strict risk management. Buying is not recommended at this time.

Disclaimer: This analysis is for informational purposes only and represents a personal opinion. It is not financial advice. Investing in cryptocurrencies involves significant risk. Investors should conduct their own research and exercise due diligence before making any investment decisions.