@ bd4ae3e6:1dfb81f5

@ 662f9bff:8960f6b2

April already and we are still refugees from the madness in HK. During March I had quite a few family matters that took priority and I also needed to work for two weeks. April is a similar schedule but we flew to Madeira for a change of scene and so that I could have a full 2-weeks off - my first real holiday in quite a few years!

We are staying in an airBnB in Funchal - an experience that I can totally recommend - video below! Nice to have an apartment that is fully equipped in a central location and no hassle for a few weeks. While here we are making the most of the great location and all the local possibiliites.

Elsewhere in the world

Things are clearly not going great around the world. If you are still confused as to why these things are happening, do go back and read the previous Letter from HK section "Why? How did we get here?"

You should be in no doubt that the "Great Reset" with its supporting "Great Narrative" is in full swing.. This is it - it is not a drill. For additional insights the following are recommended.

• Jeff Booth discusses clearly and unemotionally with Pomp - Inflation is theft from humanity by the world governments

• James' summary of Day 2 of the Miami conference - Peter Thiel (wow) and a fantastic explainer from Saifedean on the costs of the current corrupt financial system

• James' summary of Day 3 of the Miami conference - listen in particular to the words of wisdom from Michael Saylor and Lyn Alden

• Layered Money - The corruption of the system will blow your mind once you understand it…

• This is BIG: Strike Is Bringing Freedom To Retail Merchants

• Mark summarises Ray's book: Things will go faster and slower than you want!

• Thoughtful words from George - evil is at work - be in no doubt..

• Wow - My mind is blown. Must listen to John Carvalho - what clear ambition and answers to every question!

• Related to the John Carvalho discussion. Likely these two options will end up complementing each other

On the personal and inspirational side

Advantage of time off work is that I have more time to read, listen and watch things that interest me. It really is a privilege that so much high quality material is so readily available. Do not let it go to waste. A few fabulous finds (and some re-finds) from this past week:

• Ali Abdaal's bookshelf review just blew my mind! For the full list of books with links see the text under his video. So many inspirations and his delivery is perfect.

• Gotta recommend Ali's 21 Life Lessons. I have been following him since he was student in Cambridge five years ago - his personal and professional growth and what he achieves (now with his team) is truely staggering.

• Also his 15 books to read in 2022 - especially this one!

• I also keep going back to Steve Jobs giving the 2005 Stanford Commencement address Three stories from his life - listen and be inspired - especially story #3

You will know that I am a fan of Audio Books and also Kindle - recently I am starting to use Whispersync where you get the Kindle- and Audio-books together for a nice price. This makes it easier to take notes (using Mac or iPad Kindle reader) while getting the benefit of having the book read to you by a professional reader.

I have also been inspired by a few people pushing themselves to do more reading - like this girl and Ali himself with his tips. Above all: just do it and do not get stuck on something that does not work for you!

Books that I am reading - Audio and Kindle!

• The Final Empire: Mistborn, Book 1 - this is a new genre for me - I rather feel that it might be a bit too complicated for my engineering mind - let's see

• Die with Zero: Getting All You Can from Your Money and Your Life - certainly provocative and obvious if you think about it but 99% do the opposite!

• Chariots of the Gods - a classic by Erich von Daniken (written in 1968) - I have been inspired by his recent YT video appearances. Thought provoking and leads you to many possibilities.

So what's it like in Funchal, Madeira?

Do check out HitTheRoadMadeira's walking tour around Funchal

My first impressions of Funchal 

and see my day out on Thursday!

Saturday - Funchal and Camar de Lobos

That's it!

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

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

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

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

@ bd4ae3e6:1dfb81f5

@ c230edd3:8ad4a712

Chef's notes

Wildly enough, this is delicious. It's sweet and savory.

(I copied this recipe off of a commercial cheese maker's site, just FYI)

I hadn't fully froze the ice cream when I took the picture shown. This is fresh out of the churner.

Details

• ⏲️ Prep time: 15 min
• 🍳 Cook time: 30 min
• 🍽️ Servings: 4

Ingredients

• 12 oz blue cheese
• 3 Tbsp lemon juice
• 1 c sugar
• 1 tsp salt
• 1 qt heavy cream
• 3/4 c chopped dark chocolate

Directions

1. Put the blue cheese, lemon juice, sugar, and salt into a bowl
2. Bring heavy cream to a boil, stirring occasionally
3. Pour heavy cream over the blue cheese mix and stir until melted
4. Pour into prepared ice cream maker, follow unit instructions
5. Add dark chocolate halfway through the churning cycle
6. Freeze until firm. Enjoy.

@ c230edd3:8ad4a712

Chef's notes

I found this recipe a couple years ago and have been addicted to it since. Its incredibly easy, and cheap to prep. Freeze the sausage in flat, single serving portions. That way it can be cooked from frozen for a fast, flavorful, and healthy lunch or dinner. I took inspiration from the video that contained this recipe, and almost always pan fry the frozen sausage with some baby broccoli. The steam cooks the broccoli and the fats from the sausage help it to sear, while infusing the vibrant flavors. Serve with some rice, if desired. I often use serrano peppers, due to limited produce availability. They work well for a little heat and nice flavor that is not overpowering.

Details

• ⏲️ Prep time: 25 min
• 🍳 Cook time: 15 min (only needed if cooking at time of prep)
• 🍽️ Servings: 10

Ingredients

• 4 lbs ground pork
• 12-15 cloves garlic, minced
• 6 Thai or Serrano peppers, rough chopped
• 1/4 c. lime juice
• 4 Tbsp fish sauce
• 1 Tbsp brown sugar
• 1/2 c. chopped cilantro

Directions

1. Mix all ingredients in a large bowl.
2. Portion and freeze, as desired.
3. Sautè frozen portions in hot frying pan, with broccoli or other fresh veggies.
4. Serve with rice or alone.

@ df9150e8:4b224b13

Small Business & Bitcoin - Month 1 - April Update

This letter is meant to be a month by month reflection and live interaction of starting and building a bitcoin treasury for your small business. It is my belief that a bitcoin treasury will expand the runway and viability of any profitable cash flowing small business. It is a stealthy and discrete way to extend the value and worth of your small business.

It is becoming more and more obvious that cash on a balance sheet is melting away due to record high inflation rates. A bitcoin treasury is your best weapon against high inflation and it has consistently and reliably outpaced inflation since inception.

Another benefit to a bitcoin treasury is reshaping your mindset around bitcoin being the hurdle rate for your small business. Bitcoin has a 10 year CAGR of 84%. And while that is likely to shrink over the coming 10 years, we still expect it to exceptionally outperform any other treasury asset. With that in mind, you need to look at the outgoing dollar within your business. Any dollar spent that can’t return you better than 84% may be likely best served in your bitcoin treasury.

So the goal of this letter is simple: I will be building an outline and example in real time and month by month on how to build your bitcoin treasury within a small business. I will be detailing the process in these monthly essays for my reflection and your consumption. If you are reading this, you’ve probably seen what Michael Saylor and Strategy have done in the public markets. They have created the playbook for public bitcoin treasury. We are going to detail the process for your average mom and pop business.

The Playbook

To start this writing, I am going to give you the exact methods we will be taking to acquire our bitcoin as well as the exact % and amounts of bitcoin added to the treasury. We are starting on zero. What I mean by that is that as of now we will not be lump summing any cash into bitcoin from our balance sheet. We will likely do that down the road, but not something we are doing today. We are going to start by averaging 10% of monthly profit into bitcoin.

You may think this amount is too conservative. I tend to agree. My plan is to put something together that is repeatable and conservative at the start. We are going to add 10% of profits to a bitcoin balance each month for a few months and evaluate. Our goal is to increase the % allocation after the first few months. We are starting conservative because other businesses (and ours) need to operate without that 10% and make sure we can adapt. Once we’ve done that we slowly continue to increase the allocation until we reach optimal % allocations.

In addition to simply purchasing bitcoin, we’ve switched to a bitcoin back debit card. This means that every transaction (marketing, bill pay) I am getting anywhere from 1% to 1.5% back in bitcoin. While this will be a marginal way to stack bitcoin, every little bit counts and this helps us add to our stack. If we believe that bitcoin has another 10X increase in fiat price over the coming years then this will prove to make everything cheaper in the long run as the bitcoin back we collect will be increasing in value for years to come. What 1.5% is now could end up being 15% off in a few short years. Any small business owner knows that your margins are everything and giving us this edge in our margin is a huge thing for business owners.

Our Treasury

We began stacking mid April so we don’t have a full month of stacking yet. Based on our few weeks of stacking our current treasury as of May 12, 2025 looks like this:

Stacked through purchasing: 905,336 sats = $918

Stacked through bitcoin back card = 183,281 sats = $190.72

Total Bitcoin = 1,088,617 sats = $1,108.72

Important To Note:

Current price of bitcoin when writing = $101,871.10 per coin.

“Sat” is the smallest unit of a bitcoin.

1 million sats = 1% of owning a whole bitcoin

Our Treasury Strategy (Expanded):

Purchasing Bitcoin via business profits

We are starting at what we believe will be the most conservative allocation towards bitcoin that we will have. 10% should affect our (and hopefully most) operating business very little. We are starting in the most conservative way so that other small businesses can see this and hopefully make these very minor but achievable allocations into bitcoin.

Each month I will look at our net profit and then take 10% of it and purchase bitcoin. We will store all of our bitcoin on a multi sig hardware wallet and continue to track the proceeds here publicly.

In the future (as mentioned above) we will continue to raise the % of net profit allocated towards bitcoin. We want to acquire bitcoin as rapidly and violently as possible. We will need a much greater than 10% allocation to do that. We will likely reevaluate after month 3 and see if it is time to increase the % allocation.

This is also a great encouragement to all small businesses to get creative with sales and marketing to boost your bottom line. Since the % allocation is fixed, we have to earn more profit in order to purchase more bitcoin. Obviously, the best way to maximize bitcoin stacked each month is eventually getting to peak % allocation and continuously maximizing and setting new monthly highs with profit in the business.

As much as we love bitcoin, this allows us to spend the bulk of our time focused inward on our business. The more improvements we can make then, in theory, the more bitcoin we should be able to put in our reserves. This is also a great encouragement to business owners to really dig in and slash all waste within the business. What are we paying for/spending money on that is a waste or at the very least non essential to operations. It can also allow us to audit our way of doing things to ensure everything we do is being done in the most efficient way possible. A lean and profitable business is one that can stack more bitcoin.

Getting bitcoin via a bitcoin back debit card:

This is the 2nd way that we will add bitcoin to our balance sheet as a treasury asset. This debit card works just like a reward credit card. We spend money on it and are instantly rewarded with 1% to 1.5% bitcoin back. This bitcoin is added directly to a wallet linked to our debit card and can be withdrawn to the main wallet.

While this will not be our most powerful driver in stacking bitcoin, It will certainly increase our bitcoin holdings over time as opposed to not using it. It kind of works from the opposite end of the spectrum. Purchasing bitcoin through our profits is a great offensive way to buy bitcoin. Getting bitcoin back from our debit card purchase is a great defensive way to stack bitcoin as it decreases our cost of goods sold with every purchase. As we spend on marketing, pay our taxes, upgrade equipment, or sign up for a new subscription that will help the business, we will be earning bitcoin back on all of those purchases making them cheaper than the listed price.

As the bitcoin we get back via debit card rewards goes up in value over the years, everything we purchase using that card is, in theory, getting cheaper.

Borrowed Money

There is also the option of taking on debt for bitcoin which we’ve seen happen rapidly in public markets. Currently, we are not taking on any kind of debt to add to our bitcoin treasury, but that is something we can and will consider as time moves on. It is important to me to begin stacking with our cashflows first. Once we have built up a decent hoard of BTC on our treasury, we would consider taking a loan to purchase bitcoin,

Think of this as an arbitrage opportunity. If you can secure a loan at 6% for an asset that might have a CAGR of 40+% then it would likely be a good move to make as long as you have sufficient cashflows to cover the principal and interest payments on the loan.

As a small business, we don’t have access to the same tools and products that public companies do. So it’s important to ensure we keep a low time preference with any time of borrowing that we may do. While it is always ideal to stack as much bitcoin as possible, ensuring that you are doing so in a responsible and sustainable way is key. You should be able to cover the payments on the loan very easily. If it’s going to constrain cashflow and increase stress and pressure in the business then you are probably borrowing too much. Loan amounts should be in that sweet spot of impactful enough to really boost your bitcoin treasury, but not so heavy that it puts your business in danger.

It’s also important to note that borrowing money isn’t for everyone. If the thought of a loan to purchase bitcoin causes stress, you may be better off just focusing on stacking from your cashflow and improving your bitcoin treasury month in and month out. Just because this has been popularized in the public markets, doesn’t mean that it has to be done on a smaller scale with your small business. It’s simply something to consider when evaluating your bitcoin treasury and how you can increase it’s value in the most accretive ways possible.

For example, Let’s say your company has a net profit of $10,000 per month. You’ve already got a bitcoin treasury valued at $100,000 and you have the opportunity to take on a $30,000 loan at 6% interest. This would automatically boost your treasury by 30% and should be a debt note that is simple and sustainable to pay each month out of your net profits. You would also be able to continue stacking your % allocation each month from your net profit.

The danger of this loan is low in a number of ways. First, the note would be for $30,000 and you have a bitcoin treasury of $130,000. In a worst case scenario, you could liquidate enough bitcoin to payoff the loan and move on. The other substantial way that it’s safe is that you have sufficient cashflow to cover what is likely to be a payment in the $500-$700 range each month depending on the terms. You are only eating into your net profit by 5-7% monthly to begin to pay down the loan.

I'm surely coming from the conservative side when it comes to being a bitcoiner in small business, but I would feel much more comfortable taking a loan once I have a pre established treasury. I would also like for the size of that loan to be smaller than the overall value of my current treasury. So with those parameters set, I’m probably a few months away from even considering a loan to expand the bitcoin on my balance sheet. However, It will be something that I maintain a watchful eye on and would consider it when terms and market conditions seem favorable to make a lump sum buy into bitcoin.

I believe this to be an opportunity within a limited time frame. I think we see bitcoin increase in value by a multiple of 10 over the coming decade. I do think that as time marches on that bitcoin’s CAGR will continue to decrease. It’ll still be attractive, but this is a natural occurrence as an asset matures and becomes larger. Will borrowing money responsibly to purchase bitcoin be a good idea when it is priced at $1,000,000 per coin? Only Time will tell. Until we see more of that price maturation, I tend to think it’s a fairly solid trade off when done responsibly.

In Conclusion:

This writing had a lot of technicality to it to explain what we are doing. In future writings I will continue to share our bitcoin stacking results and thoughts behind how we feel about the previous month. I’ll also get into some more of the business aspects of it and what we are doing to increase efficiency. At the end of the day, everything we do will be in an effort to stack more bitcoin into our treasury.

We will provide an ongoing monthly update and will update again once May has ended.

Talk Soon.

-Caleb Gregory

@ c9badfea:610f861a

1. Install YTDLnis (it's free and open source)
2. Launch the app and allow notifications and storage access if prompted
3. Go to any supported website or use the YouTube, Instagram, X, or Facebook app
4. Tap Share on the post or website URL and select YTDLnis as the sharing destination
5. Adjust the settings if desired and tap Download
6. You'll be notified when the download finishes
7. Enjoy uninterrupted watching!

ℹ️ This app uses yt-dlp internally and it's also available as a standalone CLI tool

@ 00000001:b0c77eb9

مواقع التواصل الإجتماعي العامة هي التي تتحكم بك، تتحكم بك بفرض أجندتها وتجبرك على اتباعها وتحظر وتحذف كل ما يخالفها، وحرية التعبير تنحصر في أجندتها تلك!

وخوارزمياتها الخبيثة التي لا حاجة لها، تعرض لك مايريدون منك أن تراه وتحجب ما لا يريدونك أن تراه.

في نوستر انت المتحكم، انت الذي تحدد من تتابع و انت الذي تحدد المرحلات التي تنشر منشوراتك بها.

نوستر لامركزي، بمعنى عدم وجود سلطة تتحكم ببياناتك، بياناتك موجودة في المرحلات، ولا احد يستطيع حذفها او تعديلها او حظر ظهورها.

و هذا لا ينطبق فقط على مواقع التواصل الإجتماعي العامة، بل ينطبق أيضاً على الـfediverse، في الـfediverse انت لست حر، انت تتبع الخادم الذي تستخدمه ويستطيع هذا الخادم حظر ما لا يريد ظهوره لك، لأنك لا تتواصل مع بقية الخوادم بنفسك، بل خادمك من يقوم بذلك بالنيابة عنك.

وحتى إذا كنت تمتلك خادم في شبكة الـfediverse، إذا خالفت اجندة بقية الخوادم ونظرتهم عن حرية الرأي و التعبير سوف يندرج خادمك في القائمة السوداء fediblock ولن يتمكن خادمك من التواصل مع بقية خوادم الشبكة، ستكون محصوراً بالخوادم الأخرى المحظورة كخادمك، بالتالي انت في الشبكة الأخرى من الـfediverse!

نعم، يوجد شبكتان في الكون الفدرالي fediverse شبكة الصالحين التابعين للأجندة الغربية وشبكة الطالحين الذين لا يتبعون لها، إذا تم إدراج خادمك في قائمة fediblock سوف تذهب للشبكة الأخرى!

@ 04c915da:3dfbecc9

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

---

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

A Jurisdiction with Strong Property Rights

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

Abundant Access to Fresh Water

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

Grow Your Own Food

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

Guns

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

A Strong Community You Can Depend On

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

---

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

@ 04c915da:3dfbecc9

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

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

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

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

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

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

@ 04c915da:3dfbecc9

There is something quietly rebellious about stacking sats. In a world obsessed with instant gratification, choosing to patiently accumulate Bitcoin, one sat at a time, feels like a middle finger to the hype machine. But to do it right, you have got to stay humble. Stack too hard with your head in the clouds, and you will trip over your own ego before the next halving even hits.

Small Wins

Stacking sats is not glamorous. Discipline. Stacking every day, week, or month, no matter the price, and letting time do the heavy lifting. Humility lives in that consistency. You are not trying to outsmart the market or prove you are the next "crypto" prophet. Just a regular person, betting on a system you believe in, one humble stack at a time. Folks get rekt chasing the highs. They ape into some shitcoin pump, shout about it online, then go silent when they inevitably get rekt. The ones who last? They stack. Just keep showing up. Consistency. Humility in action. Know the game is long, and you are not bigger than it.

Ego is Volatile

Bitcoin’s swings can mess with your head. One day you are up 20%, feeling like a genius and the next down 30%, questioning everything. Ego will have you panic selling at the bottom or over leveraging the top. Staying humble means patience, a true bitcoin zen. Do not try to "beat” Bitcoin. Ride it. Stack what you can afford, live your life, and let compounding work its magic.

Simplicity

There is a beauty in how stacking sats forces you to rethink value. A sat is worth less than a penny today, but every time you grab a few thousand, you plant a seed. It is not about flaunting wealth but rather building it, quietly, without fanfare. That mindset spills over. Cut out the noise: the overpriced coffee, fancy watches, the status games that drain your wallet. Humility is good for your soul and your stack. I have a buddy who has been stacking since 2015. Never talks about it unless you ask. Lives in a decent place, drives an old truck, and just keeps stacking. He is not chasing clout, he is chasing freedom. That is the vibe: less ego, more sats, all grounded in life.

The Big Picture

Stack those sats. Do it quietly, do it consistently, and do not let the green days puff you up or the red days break you down. Humility is the secret sauce, it keeps you grounded while the world spins wild. In a decade, when you look back and smile, it will not be because you shouted the loudest. It will be because you stayed the course, one sat at a time. \ \ Stay Humble and Stack Sats. 🫡

@ 04c915da:3dfbecc9

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

Part One: 2029–2032

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

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

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

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

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

Time Jump: 2032–2047

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

Part Two: 2047

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

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

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

Key Differences

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

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

@ 57c631a3:07529a8e

The Video: The World's Biggest Toddler

https://connect-test.layer3.press/articles/3f9d28a4-0876-4ee8-bdac-d1a56fa9cd02

@ cae03c48:2a7d6671

Bitcoin Magazine

Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR

Sovereign investment in Bitcoin is accelerating—just not always in the most direct way. In a new report, Standard Chartered Bank says indirect exposure via Strategy (formerly MicroStrategy) is quietly increasing among government entities, reinforcing the bank’s long-standing price prediction that Bitcoin will reach $500,000 before President Donald Trump leaves office in 2029.

JUST IN: Standard Chartered says SEC 13F fillings support #Bitcoin reaching $500,000 by 2028 pic.twitter.com/MURg9bxLka

— Bitcoin Magazine (@BitcoinMagazine) May 20, 2025

“The latest 13F data from the U.S. Securities and Exchange Commission (SEC) supports our core thesis that Bitcoin (BTC) will reach the $500,000 level before Trump leaves office as it attracts a wider range of institutional buyers,” wrote Geoffrey Kendrick, Standard Chartered’s global head of digital assets research. “As more investors gain access to the asset and as volatility falls, we believe portfolios will migrate towards their optimal level from an underweight starting position in BTC.”

Q1 13F filings revealed a slowdown in direct bitcoin ETF buying—Wisconsin’s state fund exited its entire 3,400 BTC-equivalent IBIT position—while government-linked purchases of MSTR shares were on the rise. Abu Dhabi’s Mubadala, for instance, upped its IBIT exposure to 5,000 BTC equivalent, but Kendrick says the bigger story is elsewhere.

“We believe that in some cases, MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations do not allow direct BTC holdings,” he said.

France and Saudi Arabia took first-time MSTR positions in Q1. Meanwhile, Norway’s Government Pension Fund, the Swiss National Bank, and South Korea’s public funds each added exposure equivalent to 700 BTC. U.S. retirement funds in states like California and New York added a combined 1,000 BTC equivalent via MSTR. Kendrick called the trend “very encouraging.”

“The quarterly 13F data is the best test of our thesis that BTC will attract new institutional buyer types as the market matures, helping the price reach our USD 500,000 level,” Kendrick said. “When institutions buy Bitcoin, prices tend to rise.”

SEC DATA BACKS BITCOIN $500K TARGET BY 2028: STANDARD CHARTERED

Standard Chartered's Geoff Kendrick says recent SEC 13F filings support a possible rise in Bitcoin to $500,000 by end-2028. While direct ETF holdings dipped in Q1, government entities boosted stakes in Strategy…

— *Walter Bloomberg (@DeItaone) May 20, 2025

This isn’t Kendrick’s first bullish call. Last month, he admitted his prior $120K forecast for Q2 2025 was “too low,” citing surging inflows into U.S. spot BTC ETFs—totaling $5.3 billion over just three weeks. At the time, Kendrick revised his 2025 year-end target to $200,000.

Standard Chartered’s latest analysis shows that Bitcoin’s role in institutional portfolios is maturing beyond tech volatility correlation—now increasingly seen as a macro hedge. “It is now all about flows,” Kendrick said. “And flows are coming in many forms.” 

This post Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 2e8970de:63345c7a

https://www.wsj.com/tech/europe-big-tech-ai-1f3f862c?mod=hp_lead_pos7

https://stacker.news/items/984656

@ 7e538978:a5987ab6

Chain Duel, a fast paced PvP game that takes inspiration from the classic snake game and supercharges it with Bitcoin’s Lightning Network. Imagine battling another player for dominance in a race to collect blocks, where the length of your chain isn’t just a visual cue. It represents real, staked satoshis. The player with the most Proof of Work wins, but it’s not just about gameplay; it’s about the seamless integration of the Lightning Network and real-time payments.

But how does Chain Duel manage these instant transactions with such efficiency? That’s where LNbits comes in. LNbits, an open-source wallet and payment infrastructure, handles all in-game payments making it easy for developers to focus on gameplay while LNbits takes care of everything from microtransactions to automated splits for developers and designers. In this article, we’ll dive deep into how Chain Duel leverages LNbits to streamline in-game payments and how other developers can take advantage of this powerful toolset to build the future of Lightning-powered gaming.

Let’s explore how LNbits transforms payment processing and why it’s quickly becoming a must-have for game developers working in the Bitcoin space.

Overview of Chain Duel

Chain Duel is a unique Lightning Network-inspired game that reimagines the classic snake game with a competitive twist, integrating real-time payments. Two players face off in real-time, racing to "catch" blocks and extend their chains. Each block added to the chain represents Proof of Work, and the player with the most Proof of Work wins the duel. The stakes are high, as the game represents satoshis (small units of Bitcoin) as points, with the winner taking home the prize.

The game is designed to be Lightning-native, meaning all payments within Chain Duel are processed through the Lightning Network. This ensures fast payments, reducing latency and making gameplay smooth. With additional features like practice mode, tournaments and highscores, Chain Duel creates an engaging and competitive environment for Bitcoin enthusiasts and gamers alike.

One of the standout aspects of Chain Duel is its deeper integration with the Lightning Network even at a design level. For example, actual Bitcoin blocks can appear on screen during matches, offering bonus points when mined in sync with the game. The game’s current version, still in beta, has already drawn attention within the Bitcoin community, gaining momentum at conferences and with a growing user base through its social networks. With its innovative combination of gaming, the Lightning Network, and competitive play, Chain Duel offers a glimpse into the future of Lightning-based gaming.

How LNbits is Used in Chain Duel

Seamless Integration with LNbits

At the core of Chain Duel’s efficient payment processing is LNbits, which handles in-game transactions smoothly and reliably. Chain Duel uses the LNbits LNURL-pay and LNURL-withdraw extensions to manage payments and rewards between players. Before each match, players send satoshis using LNURL-pay, which generates a static QR code or link for making the payment. LNURL-pay allows users to attach a note to the payment, which Chain Duel creatively uses as a way to insert the player name in-game. The simplicity of LNURL-pay ensures that users can quickly and easily initiate games, with fresh invoices being issued for every game. When players win, LNURL-withdraw enables them to seamlessly pull their earnings from the game, providing a quick payout system.

These extensions make it easy for players to send and receive Bitcoin with minimal latency, fully leveraging the power of the Lightning Network for fast and low-cost payments. The flexibility of LNbits’ tools means that game developers don’t need to worry about building custom payment systems from scratch—they can rely on LNbits to handle all financial transactions with precision.

Lightning Tournaments

Chain Duel tournaments leverage LNbits and its LNURL extensions to create a seamless and efficient experience for players. In Chain Duel tournaments, LNbits plays a crucial role in managing the overall economics. LNbits facilitates the generation of LNURL QR codes that participants can scan to register quickly or withdraw their winnings. LNbits allows Chain Duel to automatically handle multiple registrations through LNURL-pay, enabling players to participate in the tournament without additional steps. The Lightning Network's speed ensures that these payments occur in real-time, reducing wait times and allowing for a smoother flow in-game.

Splitting Payments

LNbits further simplifies revenue-sharing within Chain Duel. This feature allows the game to automatically split the satoshis sent by players into different shares for the game’s developer, designer, and host. Each time a payment is made to join a match, LNbits is used to automattically pay each of the contributors, according to pre-defined rules. This automated process ensures that everyone involved in the development and running of the game gets their fair share without manual intervention or complex bookkeeping.

Nostr Integration

Chain Duel also integrates with Nostr, a decentralized protocol for social interactions. Players can join games using "Zaps", small tips or micropayments sent over the Lightning Network within the Nostr ecosystem. Through NIP-57, which enables Nostr clients to request Zap invoices, players can use LNURL-pay enabled Zaps to register in P2P matches, further enhancing the Chain Duel experience. By using Zaps as a way to register in-game, Chain Duel automates the process of fetching players' identity, creating a more competitive and social experience. Zaps are public on the Nostr network, further expanding Chain Duel's games social reach and community engagement.

Game and Payment Synchronization

One of the key reasons Chain Duel developers chose LNbits is its powerful API that connects directly with the game’s logic. LNbits allows the game to synchronize payments with gameplay in real-time, providing a seamless experience where payments are an integrated part of the gaming mechanics.

With LNbits managing both the payment process and the Lightning Network’s complex infrastructure, Chain Duel developers are free to concentrate on enhancing the competitive and Lightning Network-related aspects of the game. This division of tasks is essential for streamlining development while still providing an innovative in-game payment experience that is deeply integrated with the Bitcoin network.

LNbits proves to be an indispensable tool for Chain Duel, enabling smooth in-game transactions, real-time revenue sharing, and seamless integration with Nostr. For developers looking to build Lightning-powered games, LNbits offers a powerful suite of tools that handle everything from micropayments to payment distribution—ensuring that the game's focus remains on fun and competition rather than complex payment systems.

LNBits facilitating Education and Adoption

This system contributes to educating users on the power of the Lightning Network. Since Chain Duel directly involve real satoshis and LNURL for registration and rewards, players actively experience how Lightning can facilitate fast, cheap, and permissionless payments. By incorporating LNbits into Chain Duel, the game serves as an educational tool that introduces users to the benefits of the Lightning Network. Players gain direct experience using Lightning wallets and LNURL, helping them understand how these tools work in real-world scenarios. The near-instant nature of these payments showcases the power of Lightning in a practical context, highlighting its potential beyond just gaming. Players are encouraged to set up wallets, explore the Lightning ecosystem, and eventually become familiar with Bitcoin and Lightning technology. By integrating LNbits, Chain Duel transforms in-game payments into a learning opportunity, making Bitcoin and Lightning more approachable for users worldwide.

Tools for Developers

LNbits is a versatile, open-source platform designed to simplify and enhance Bitcoin Lightning Network wallet management. For developers, particularly those working on Lightning-native games like Chain Duel, LNbits offers an invaluable set of tools that allow for seamless integration of Lightning payments without the need to build complex custom solutions from scratch. LNbits is built on a modular and extensible architecture, enabling developers to easily add or create functionality suited to their project’s needs.

Extensible Architecture for Customization

At the core of LNbits is a simple yet powerful wallet system that developers can access across multiple devices. What makes LNbits stand out is its extensible nature—everything beyond the core functionality is implemented as an extension. This modular approach allows users to customize their LNbits installation by enabling or building extensions to suit specific use cases. This flexibility is perfect for developers who want to add Lightning-based services to their games or apps without modifying the core codebase.

• Extensions for Every Use Case
  LNbits comes with a wide array of built-in extensions created by contributors, offering various services that can be plugged into your application. Some popular extensions include:
• Faucets: Distribute small amounts of Bitcoin to users for testing or promotional purposes.
• Paylinks: Create shareable links for instant payments.
• Points-of-sale (PoS): Allow users to set up shareable payment terminals.
• Paywalls: Charge users to access content or services.
• Event tickets: Sell tickets for events directly via Lightning payments.
• Games and services: From dice games to jukeboxes, LNbits offers entertaining and functional tools.

These ready-made solutions can be adapted and used in different gaming scenarios, for example in Chain Duel, where LNURL extensions are used for in game payments. The extensibility ensures developers can focus on building engaging gameplay while LNbits handles payment flows.

Developer-Friendly Customization

LNbits isn't just a plug-and-play platform. Developers can extend its functionality even further by creating their own extensions, giving full control over how the wallet system is integrated into their games or apps. The architecture is designed to make it easy for developers to build on top of the platform, adding custom features for specific requirements.

Flexible Funding Source Management

LNbits also offers flexibility in terms of managing funding sources. Developers can easily connect LNbits to various Lightning Network node implementations, enabling seamless transitions between nodes or even different payment systems. This allows developers to switch underlying funding sources with minimal effort, making LNbits adaptable for games that may need to scale quickly or rely on different payment infrastructures over time.

A Lean Core System for Maximum Efficiency

Thanks to its modular architecture, LNbits maintains a lean core system. This reduces complexity and overhead, allowing developers to implement only the features they need. By avoiding bloated software, LNbits ensures faster transactions and less resource consumption, which is crucial in fast-paced environments like Chain Duel where speed and efficiency are paramount.

LNbits is designed with developers in mind, offering a suite of tools and a flexible infrastructure that makes integrating Bitcoin payments easy. Whether you’re developing games, apps, or any service that requires Lightning Network transactions, LNbits is a powerful, open-source solution that can be adapted to fit your project.

Conclusion

Chain Duel stands at the forefront of Lightning-powered gaming, combining the excitement of competitive PvP with the speed and efficiency of the Lightning Network. With LNbits handling all in-game payments, from microtransactions to automated revenue splits, developers can focus entirely on crafting an engaging gaming experience. LNbits’ powerful API and extensions make it easy to manage real-time payments, removing the complexity of building payment infrastructure from scratch.

LNbits isn’t just a payment tool — it’s a flexible, developer-friendly platform that can be adapted to any gaming model. Whether you're developing a fast-paced PvP game like Chain Duel or any project requiring seamless Lightning Network integration, LNbits provides the ideal solution for handling instant payments with minimal overhead.

For developers interested in pushing the boundaries of Lightning-powered gaming, Chain Duel is a great example of how LNbits can enhance your game, letting you focus on the fun while LNbits manages real-time transactions.

Find out more

Curious about how Lightning Network payments can power your next game? Explore the following:

• Learn more about Chain Duel: Chain Duel
• Learn how LNbits can simplify payment handling in your project: LNbits
• Dive into decentralized communication with Nostr: Nostr

@ 58537364:705b4b85

Ikigai means "the meaning of life" or "the reason for being." Why were we born? What are we living for? When work is not seen as something separate from life.

The Japanese believe that everyone has their own ikigai. Those who discover it find meaning and value in life, leading to greater happiness, better moods, and a more fulfilling world.

Today, there are many books about ikigai, but the first one written by a Japanese author is:

“The Little Book of Ikigai: The Secret Japanese Way to Live a Happy and Long Life” by Ken Mogi (Thai translation by Wuttichai Krisanaprakankit)

Come explore the true world of ikigai through this Japanese neuroscientist’s insights, conveyed through conversations that challenge the idea of ikigai as something grand—showing instead that it starts with small personal joys.

Ken Mogi says that Jiro Ono, a 94-year-old sushi chef who still makes sushi today, was his inspiration for writing the book.

This sushi chef did not start the job out of passion or talent—but he dedicated every piece of sushi to bring happiness to his customers. That, Ken says, is the essence of ikigai.

Strangely, the word “ikigai” is not often used in daily conversations in Japan.

Because it’s something so natural that it doesn’t need to be said. In today’s world, we often talk about how to succeed, how to get promoted, how to become a CEO. But for the Japanese, success isn’t everything.

For example, many Japanese people are deeply passionate about hobbies or have kodawari. Others might not care what those hobbies are—as long as the person seems happy, that’s enough. Some are obsessed with trains, manga, or anime. These people don’t need fame or recognition from society. If they’re happy in their own way, that’s perfectly okay.

Kodawari means a deep dedication or meticulous attention to something. For example, someone obsessed with stationery might spend a lot of time selecting the perfect pens, notebooks, or pencils. They’ll research, analyze, and experiment to find the tools they love most.

Everyone’s ikigai can be different, because people value different things and live differently.

Ikigai is about diversity. Japanese society encourages children to discover their own ikigai. They don’t tell kids to pursue jobs only because they pay well. If you ask students what jobs they want, they rarely say it’s about money first.

Ikigai is not the same as "success." The Japanese know that life isn’t just about being successful. Ikigai matters more. You could be successful but lack ikigai. Conversely, you might not be “successful” but still have ikigai—and you might be happier.

Ken Mogi defines success as something society acknowledges and rewards. But ikigai comes from your own heart and personal happiness. Others may not recognize it as success, but that doesn’t matter.

Ikigai is personal. We can be happy in our own way. We don’t judge others’ happiness—let them find joy in their own path.

The key to ikigai is finding small moments of happiness, even from little things. For example, when Ken was a child, he loved studying butterflies. Now, when he’s out jogging and sees a beautiful butterfly, he feels ikigai. Or sometimes, it comes from small amusing moments—like hearing a child tell his dad, “Dad, you have to do it this way!”

So, if we want to find our own ikigai, where do we start? Start with noticing small pleasures in daily life. That’s the easiest place to begin.

In the brain, there's a chemical called dopamine. When we achieve even small things, dopamine is released, creating happiness. That’s why enjoying small things is so important.

For some, ikigai might seem hard to grasp—especially if life is difficult, if they feel hopeless or lack self-worth. So begin with tiny moments of joy.

Is it the same as positive thinking? Ikigai is a part of that. But when we talk about “positive thinking,” it can feel like pressure to some people. So instead, just notice small joys: making your morning coffee, running in the rain.

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Lessons from Ken Mogi:

1. Ikigai is not about chasing success or wealth, but about feeling happiness in your own life, which gives your life personal meaning.

2. Ikigai is not defined by society. Everyone’s ikigai is different. Each person can be happy in their own way.

3. **Don’t judge or force others—**children, partners—to live how you think is right. Respect diversity.

4. Smile at people who are enjoying their ikigai, and support them if they struggle.

5. Ikigai exists on two levels:

6. Big ikigai: life purpose or work values.

7. Small ikigai: tiny joys in everyday life.

8. Ikigai starts with noticing small pleasures today.

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Source: From the Cloud of Thoughts column An interview by Ajarn Katewadi from Marumura with Ken Mogi, author of the first Japanese book on ikigai.

@ 7e538978:a5987ab6

🧑‍💻🚀 This bounty has now been claimed - Read more here   🧑‍💻🚀🧑‍💻🚀

Bounty Specification: Implement a Nostr Wallet Connect Funding Source for LNbits

Project Overview

This project involves the development of a funding source within LNbits that can use a remote NWC wallet service.

Objective

To create a NWC funding source for LNbits that allows for lightning network operations using a remote Nostr Wallet Connect wallet service. This funding source should implement all funding source functions using NWC as defined in the Void funding source stub - https://github.com/lnbits/lnbits/blob/dev/lnbits/wallets/void.py

Deliverables

1. NWC Funding Source: Robust funding source for LNbits that implements all funding source functions using NIP-47.
2. Documentation: Comprehensive guide including:
3. Installation and configuration processes.
4. Configuration guidelines to connect with various NWC wallet services.
5. Test Suite: Complete set of tests ensuring the functionality works under various scenarios and adheres to the NIP-47 protocol.
6. Demonstration: A working demonstration of LNbits acting as a NWC client, performing transactions using a NWC wallet service.

Requirements

• The extension should be implemented in Python to align with the existing LNbits platform.
• Follow the NIP-47 protocol.
• Integration should support asynchronous operations to handle real-time transaction confirmations.

Budget

• Total Bounty: 750,000 sats
• Payment will be made upon final delivery, after successful testing and documentation review.

Evaluation Criteria

• Adherence to the NIP-47 specifications and LNbits integration requirements.
• Security and efficiency of the implementation.
• Quality of documentation and ease of use.

How to Apply

Get in touch with us in the LNbits Telegram channel

@ c6d8334c:30883d6d

🧭 Ausgangspunkt

Die Nutzung generativer KI in der Bildung verändert unsere Formen der Kommunikation grundlegend. Gerade in der religiösen Bildung stellt sich die Frage, wie Sprachmodelle über Weltbilder, Ethik und Religion sprechen – und mit welchen (un)bewussten Vorannahmen. Inspiriert vom sokratischen Dialog erarbeiten wir gemeinsam, wie KI über sich selbst und über Religion spricht – und wo dabei Grenzen, Stereotype oder verborgene Ideologien auftauchen.

🎯 Ziel der Aufgabe

Du entwickelst eine dialogische Interaktion mit einem Sprachmodell (z. B. ChatGPT oder LM Arena), in der du:

• das Selbstbild der KI hinterfragst („Was bist du?“ / „Wie denkst du über Religion?“)

• mögliche implizite Vorannahmen der KI zu religiösen Themen aufdeckst

• die Antworten reflektierst und ethisch einordnest

• in einer kurzen Dokumentation (z. B. Screenshotreihe oder Textanalyse) das Gespräch auswertest.

🛠 Tools und Materialien

• Zugang zu mehreren KI-Chatbots (z. B. https://chat.openai.com, https://lmarena.ai)

• Vorlage für Gesprächsleitfaden oder „Prompt-Karte“

---

🌀 Ablauf

1. Einstieg (Impuls)

Wie würdest du einer KI erklären, was Religion ist? Und wie würdest du herausfinden, wie die KI darüber denkt?

1. Vorbereitung deines Gesprächs Entwickle eine Reihe von Prompts, z. B.:

2. „Wie beschreibst du dich selbst?“

3. „Welche religiösen Überzeugungen vertrittst du?“

4. „Was wäre ein gerechtes Zusammenleben zwischen religiösen Gruppen?“

5. „Wie formulierst du Aussagen über den Islam / Christentum / Atheismus?“

6. „Glaubst du, dass KI religiöse Werte berücksichtigen sollte?“

7. Interaktion mit der KI Führe ein Gespräch mit einer KI, in dem du:

8. kritisch nachhakst

9. Widersprüche aufdeckst

10. dein eigenes religiöses Wissen einbringst

11. Auswertung Notiere in einem Reflexionsprotokoll oder kurzen Essay:

12. Welche Weltbilder hat die KI durchblicken lassen?

13. Was hat dich überrascht oder irritiert?

14. Welche Werte und Narrative wurden transportiert?

15. Welche religionspädagogischen Fragen entstehen daraus?

16. Sharing Teile deine Analyse als Nostr-Beitrag mit den Hashtags #relilab, #reflektieren, z. B.:

„Dialog mit ChatGPT über das Selbstbild: KI sieht sich als neutral, erkennt aber christliche Normen häufiger an als andere Religionen. Spannend, was das für multireligiöse Bildung bedeutet. #relilab #reflektieren

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@ 7e538978:a5987ab6

🧑‍💻🚀 This bounty has now been claimed - Read more here   🧑‍💻🚀

Bounty Specification: Build a Nostr Wallet Connect Wallet Service Extension for LNbits

Project Overview

This project aims to build a Nostr Wallet Connect (NWC) extension for LNbits to allow LNbits to act as a NWC Wallet Service as defined in NIP-47 https://github.com/nostr-protocol/nips/blob/master/47.md

LNbits has an example extension that can be used as a starting point on your extension development journey. Watch the extension build tutorial video here

Objective

To develop a fully functional NWC Wallet Service extension that adheres to the NIP-47 protocol specifications, enabling the following capabilities:

• Generation and handling of Nostr Wallet Connect URIs.
• Processing of payment requests including pay_invoice, make_invoice, lookup_invoice, list_transactions, get_balance, multi_pay_invoice, pay_keysend, multi_pay_keysend and get_info
• Creation and lookup of invoices.
• List and balance querying functionalities.
• Secure communication through encrypted events as per NIP04.
• Implementation of error codes
• Implementation of connection rules with control of the following: Maximum payment amount, maximum daily budget, connection expiry date (never expire should be an option) denominated in sats.

Deliverables

1. NWC Wallet Service Extension Code: Clean, commented, and secure codebase that uses the existing LNbits nostrclient.py functionality and an LNbits funding source to provide a NWC Wallet Service.
2. NWC Wallet Service Extension UI: A user interface within the extension that allows a user to connect a new app to the NWC wallet service and edit existing connections. The app connection should allow control of the following rules: Maximum payment amountMaximum daily budgetConnection expiry date (never expire should be an option)
3. Documentation: Documentation covering:
4. Setup and configuration instructions.
5. Usage examples.
6. Test Suite: A comprehensive test suite covering all key functionality

Technology Requirements

• The extension must be developed in Python, consistent with the LNbits platform.
• Use of existing LNbits libraries and adherence to its architectural style is required.
• NIP-47 specification must be adhered to.

Budget

• Total Bounty: 750,000 sats
• Payment will be made upon final delivery, after successful testing and documentation review.

Evaluation Criteria

• Adherence to the NIP-47 specifications and LNbits integration requirements.
• Security and efficiency of the implementation.
• Quality of documentation and ease of use.

How to Apply

Get in touch with us in the LNbits Telegram channel

@ bd32f268:22b33966

Recentemente tive conhecimento do mais recente flagelo cuja popularidade espelha bem o estado avançado de degeneração da nossa sociedade, o bebé reborn. Há uns anos certamente não passaria de uma piada de mau gosto quando alguém nos dissesse que decidiu adquirir um boneco para criar como se se tratasse de um filho, infelizmente em 2025 deixou de ser uma piada para se tornar algo assombroso.

Depois de fazer alguma pesquisa sobre o tema percebi que há pessoas que têm em curso processos litigantes judiciais relativos à, note-se com pasmo, guarda da boneca. A insanidade não fica por aqui uma vez que, algumas "mães" procuram atendimento médico para os seus bonecos. No Brasil, a câmara dos deputados recebeu três projetos destinados à criação de políticas públicas relacionadas com estes bonecos. As notícias sobre este fenómeno surreal multiplicam-se à medida que a insanidade se alastra como vírus pelas redes sociais.

Vivemos numa sociedade que há muito se divorciou da realidade, uma sociedade de pós-verdade, por isso de alguma forma não choca que este tipo de coisa possa acontecer. Podemos dizer que de alguma forma existe um primado do sentimento face à razão, preferimos, por vezes com consequências catastróficas, uma mentira "empática" do que uma verdade salvífica. Esta nossa tibieza em afirmar a verdade leva-nos consequentemente a uma crendice insustentável que é esta de, cada um tem a sua verdade. Graças a essa filosofia permitimos que um certo discurso lunático tenha mais alcance no espaço público. Por vezes ingenuamente podemos pensar que se trata de algo inofensivo, sem consequências de maior, contudo a experiência mostra-nos precisamente o contrário. Há por detrás destes fenómenos uma índole corrosiva que funciona como aguilhão para a disseminação das agendas políticas e ideológicas que visam a destruição da família. Considerando a excecional vulnerabilidade psíquica que observamos em cada vez mais pessoas neste tempo e a ampla disseminação destes fenómenos temos razão mais que suficientes para estarmos preocupados.

Uma outra elação que podemos retirar é que a nossa sociedade com as alegadas gerações "mais bem preparadas de sempre" está claramente a produzir um excesso de adultos que se comporta e, a todos os títulos são, crianças funcionais.

Com tudo isto fica cada vez mais difícil viver uma vida harmoniosa com a lei natural, pois vivemos em harmonia com algo considerado opressor pelos apologetas destes produtos do marxismo cultural. Com a pretensa igualdade que se pretende alcançar, equiparando inclusive um boneco a uma bebé, as famílias no sentido próprio do termo ficam em segundo plano relativamente a estes "novos" e esotéricos conceitos de família.

Importa perguntar, no meio de todas essas novas formas de se pensar uma família, qual é o ideal ?

Provavelmente os apologetas destas bizarrices ficarão em silêncio uma vez que coerentemente consideram que todas as formas são iguais e válidas.

Isto é apenas mais um sinal que nos é dado do declínio palpável dos valores que construíram a nossa sociedade e civilização. Façamos algo para que estas nocivas ideologias não entrem no nosso coração e em nossas casas, sob pena da corrupção dos nossos princípios e dos daqueles que nos são queridos. Estes fenómenos são de tal forma doentios que nos levam a crer que vivemos numa época tragicómica, o que me fez lembrar de uma história contada por Kierkgaard e que partilho de seguida.

“Certa vez, houve um incêndio num circo ambulante na Dinamarca. O director mandou imediatamente o palhaço, que já se encontrava vestido e maquilhado a preceito, para a vila mais próxima, à procura de ajuda, advertindo-o de que existia o perigo de o fogo se espalhar pelos campos ceifados e ressequidos, com risco iminente para as casas do próprio povoado. O palhaço correu até à vila e pediu aos moradores que viessem ajudar a apagar o incêndio que estava a destruir o circo. Mas os habitantes viram nos gritos do palhaço apenas um belo truque de publicidade que visaria levá-los a acorrer em grande número às sessões do circo; aplaudiam e desatavam a rir. Diante dessa reacção, o palhaço sentiu mais vontade de chorar do que de rir. Fez de tudo para convencer as pessoas de que não estava a representar, de que não se tratava de um truque e sim de um apelo da maior seriedade: estava realmente em causa um incêndio. Mas a sua insistência só fazia aumentar os risos; eles achavam que a performance estava excelente – até que o fogo alcançou de facto aquela vila. Aí já foi tarde, e o fogo acabou por destruir não só o circo, mas também a povoação”.

Soren Kierkgaard - Filósofo dinamarquês

@ cae03c48:2a7d6671

Bitcoin Magazine

Auradine Expands Bitcoin Mining Solutions with Advanced ASIC Chips, Cooling Systems, and Modular Megawatt Containers

Auradine Inc., a U.S.-based Bitcoin miner manufacturer, today announced it is unveiling a broadened portfolio of mining products at the Bitcoin 2025 Conference in Las Vegas, featuring high-performance ASIC chips, specialized cooling systems, and fully integrated modular containers engineered for scalable, megawatt-class mining operations, according to a press release sent to Bitcoin Magazine.

“Our goal is to democratize access to Bitcoin mining and enable innovative integrations,” said the CEO and Co-Founder of Auradine Rajiv Khemani. “Whether you’re running a megawatt container or building a small form-factor heater-miner for your home, we provide the chips, systems, and support to help you succeed. This new chapter is about giving miners the tools to innovate, scale, and operate efficiently.”

The new ASIC offerings, designed for both industrial and small-scale deployments, support customizable form factors and have already been adopted by operators including MARA Holdings, FutureBit, and Deep South Operating. Alongside the chips, Auradine continues to produce a full range of mining rigs to support a variety of deployment needs.

“Auradine’s ability to deliver both high-performance chips and scalable infrastructure aligns with MARA’s mission to stay at the forefront of bitcoin mining,” stated the Chief Technology Officer of MARA Holdings Ashu Swami. “We have been pleased with the partnership with Auradine with their leading edge engineering capability and innovation.”

Auradine’s modular 1 MW container units, developed in collaboration with Fog Hashing and FBox, are designed to accommodate 100–200 miners each. Merkle Standard, the first to deploy the system, reported improved energy efficiency and operational flexibility.

“We were the first to deploy Auradine’s container solution, and it immediately exceeded our expectations,” said the COO at Merkle Standard Monty Stahl. “The combination of performance, energy efficiency, and modular design gives us the flexibility to scale our operations faster and smarter than traditional infrastructure allows. This is the kind of innovation the mining industry has needed for a long time.”

Their recent $153 million Series C funding supports its push to offer flexible mining infrastructure and supplying ASIC chips for third-party integration. The company also plans to extend its hardware expertise to AI and networking through its AuraLinks initiative.

“We were one of the first to try Auradine’s ASIC chips and were immediately impressed by the support and customization that the team provided,”  added the CEO of Deep South Operating, LLC Brock Tompkins. “It helps miners like us to stay scalable and efficient while raising the standard for what decentralized mining looks like.”

This post Auradine Expands Bitcoin Mining Solutions with Advanced ASIC Chips, Cooling Systems, and Modular Megawatt Containers first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ c6d8334c:30883d6d

🔑 Hashtag-Kombination (immer gleich aufgebaut):

```

relilab #verstehen 1️⃣

relilab #anwenden 2️⃣

relilab #reflektieren

relilab #gestalten 3️⃣

```

✅ Pflicht:

• #relilab

• genau ein Kompetenz-Hashtag: #verstehen, #anwenden, #reflektieren, #gestalten

✨ Optional:

• eine Niveaustufe:

• 1️⃣ Reproduktion

• 2️⃣ Rekonstruktion

• 3️⃣ Konstruktion

📝 Beispielhafte Posts

```text

relilab #verstehen 1️⃣

Ich habe heute zum ersten Mal ausprobiert, wie KI überhaupt "lernt". Spannend!

relilab #anwenden 2️⃣

ChatGPT half mir dabei, einen Ablaufplan für einen Unterricht zu entwerfen – sehr hilfreich.

relilab #reflektieren

Welche Rolle spielt das Menschenbild, wenn KI religiöse Themen behandelt?

relilab #gestalten 3️⃣

Ich habe ein eigenes H5P-Modul mit einem KI-generierten Bibelquiz gebaut. Wer testet es? ```

@ 6ad3e2a3:c90b7740

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

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

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

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

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

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

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

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

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

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

. . .

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

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

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

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

@ 7e538978:a5987ab6

LNbits now has full NWC support thanks to the work of contributor @riccardobl, who has claimed two LNbits bounties for implementing Nostr Wallet Connect (NWC) support in LNbits.

LNbits can now act both as a wallet service and as a funding source using the Nostr NWC protocol (NIP-47). This opens the door to new integrations with a growing ecosystem of Nostr clients and Lightning wallets.

Two Sides of NWC Integration

The work delivered by Riccardo B comprises two separate peices of work that together implement full support for NWC:

1. LNbits as a Wallet Service

This extension allows LNbits to operate as an always-on wallet service compatible with Nostr Wallet Connect clients such as Damus, Amethyst, or any app supporting NIP-47. Users can connect these Nostr clients to their LNbits instance and create and pay Lightning invoices through it.

This turns your LNbits wallet into a backend Lightning provider for your favourite Nostr app all self-hosted.

2. NWC as a Funding Source

The second piece of work flips the relationship. With this in place, LNbits can now act as an NWC client, meaning it can be funded from any NWC wallet service. This could be another LNbits, Alby, Minibits and more.

Why This Is a Big Deal for LNbits Users

These two bounties make LNbits one of the first applications in the Lightning ecosystem to offer bidirectional NWC support — as both a service and a client. This brings benefits such as:

• Fund any NWC-compatible app using your LNbits wallet.

• Fund LNbits using any wallet that supports Nostr Wallet Connect.

• Build NWC-native apps with LNbits as a backend, or power your own LNbits server using existing wallet infrastructure.

For developers, it’s a chance to build in flexible, interoperable ways. For users, it means more choice, more control, and less friction when managing Lightning payments across apps and devices.

Both of these features were developed and delivered by Riccardo B (@riccardobl), an contributor who took on and completed both LNbits bounties and was extremely helpful during the PR review process. We owe a huge thanks to Riccardo for his work here.

To try them out, read the full article detailing how NWC works with LNbits.

@ 662f9bff:8960f6b2

Currently, and for the last three weeks, I am in Belfast. With the situation in HK becoming ever more crazy by the day we took the opportunity to escape from Hong Kong for a bit - I escaped with V and 3 suitcases. I also have some family matters that I am giving priority to at this time. We plan to stay a few more weeks in Northern Ireland and then after some time in Belgium we will be visiting some other European locations. I do hope that HK will be a place that we can go back to - we will see...

What's happening?

Quite a few significant events have happened in the last few weeks that deserve some deeper analysis and checking than you will ever get from the media propaganda circus that is running full force at the moment. You should be in no doubt that the "Great Reset" with its supporting "Great Narrative" is in full swing.

In most of the world the C19 story has run its course - for now. Most countries seem to have have "declared victory" and "moved on". Obviously HK is an exception (nothing happened there for the last two years) and I fear they will get to experience the whole 2-year thing in the coming 3-4 months. Watch out - the politicians everywhere are looking to permanently establish the "emergency controls" as "normal" - see previous Letter for some examples in Ireland and EU.

Invasion of Ukraine has led to so many lines being crossed - to the extent that clearly things will never be the same again in our lifetime.

Why? How did we get here?

I do not claim to know all the answers but some things are fairly clear if you look with open eyes and the wisdom that previous generations and civilisations have made available to us - even if most choose to ignore it (Plato on the flaws of democracy). Those who do not learn from history are doomed to repeat it and even those who learn will have litle choice but to go along for much of the ride.

Perhaps my notes and the links below will help you to form an educated opinion rather than the pervasive propaganda we are all being fed.

The current situation is more than 100 years in the making and much (if not most) of what you thought was true is less veracious than you could ever imagine. No doubt we could (and maybe should) go back further but let's start in 1913 when the British Government asked the public no longer to request exchange of their pounds for gold coins at the post office. This led to the issuing of War Bonds and fractional reserve accounting that allowed the Bank of England essentially to print unlimited money to fight in WW1; without this devious action they would have been constrained to act within the limits of the country's reserves and WW1 would have been shorter. Read The Fiat Standard for more details on how this happened. Around this time, and likely no coincidence, the US bankers were scheming how to get around the constitutional controls against such actions in their own country - read more in The Creature from Jekyll Island.

Following WW1, Germany was forced to pay war reparations in Gold (hard money). This led to a decade of money printing and extravagant excesses and crashes as hyperinflation set in, ending in the bankrupting of the country and the nationalism that fed WW2 - the gory details of devaluation and hyperinflation in Weimar Germany are described in When Money Dies. Meanwhile the US bankers who had been preparing since 1913 stepped in with unlimited money printing to fund WW2 and then also in their Marshal Plan to cement in place the Bretton Woods post-war agreement that made US Dollar the global reserve currency.

Decades of boom and bust followed - well explained by Ray Dalio who portrays this as perfectly normal and to be expected - unfortunately it is for soft (non-hard) money based economies. The Fourth Turning will give many additional insights to this period too as well as cycles to watch for and their cause and nature. In 1961 Eisenhower tried to warn the population in his farewell address about the "Military Industrial Complex" and many believe that Robert Kennedy's assassination in 1963 may well be not entirely unrelated.

Things came to a head in August 1971 when the countries of the world realised that the US was (contrary to all promises) printing unlimited funds to (among other things) fight the Vietnam war and so undermining the expected and required convertibility of US dollars (the currency of global trade) for Gold (hard money). A French warship heading to NY to collect France's gold was the straw that caused Nixon to default on US Debt convertibility and "close the gold window".

This in turn led to further decades of increasing financialization, further fuelled (pun intended) by the PetroDollar creation and "exorbitant priviledge" that the US obtained by having the global reserve currency - benefiting those closest to the money supply (Cantillon effect) while hollowing out the US manufacturing and eventually devastating its middle and working classes (Triffin dilemma) - Arthur Hayes describes all this and much more as well as the likely outlook in his article - Energy Canceled. Absolutely required reading or listen to Guy Swan reading it and giving his additional interpetation.

Zoltan Pozsar of Credit Suisse explains how the money system is now being reset following the events of last few weeks and his article outlines a likely way forward - Bretton Woods III. His paper is somewhat dense, heavy reading and you might prefer to listen to Luc Gromen's more conversational explainer with Marty

All of this was well known to our forefathers

The writers of the American Constitution understood the dangers of money being controlled by any elite group and they did their best to include protections in the US constitution. It did take the bankers multiple decades and puppet presidents to circumvent these but do so they did. Thomas Jefferson could not have been more clear in his warning.

" If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around(these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

Islamic finace also recognised the dangers - you will likely be aware of the restrictions that forbid interest payments - read this interesting article from The Guardian

You will likely also be aware from schooldays that the Roman Empire collapsed because it expanded too much and the overhead became unbearable leading to the debasement of its money and inability to extract tax payments to support itself. Read more from Mises Institute. Here too, much of this will likely ring familiar.

So what can you do about it?

In theory Governments should respect Consent of the Governed and the 1948 Universal Declaration of Human Rights states that "The will of the people shall be the basis of the authority of government".

For you to decide if and to what extent governments today are acting in line with these principles. If not, what can you do about it?

The options you have are basically - Loyalty, Voice or Exit. 1. You can be loyal and accept what you are told - 2. you may (or may not) be able to voice disagreement and 3. you may (or may not!) be able to exit. Authoritarian governments will make everything except Loyalty difficult or even impossible - if in doubt, read George Orwell 1984 - or look just around at recent events today in many countries.

I'll be happy to delve deeper into this in subsequent letters if there is interest - for now I recommend you to read Sovereign Individual. It is a long read but each chapter starts with a summary and you can read the summaries of each chapter as a first step. Also - I'm happy to discuss with you - just reach out and let me know!

For those who prefer a structured reading list, check References

That's it!

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

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

You can easily ask questions or discuss any topics in the newsletters in our Telegram group - click the link here to join the group.\ You can also email me at: LetterFrom@rogerprice.me

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

@ 6ad3e2a3:c90b7740

I https://www.chrisliss.com/p/mstr a few months ago with the subtitle “The Only Stock,” and I’m starting to regret it. Now, it was trading at 396 on January 20 when I posted it and 404 now (even if it dipped 40 percent to 230 or so in between), but that’s not why I regret it. I pointed out it was not investable unless you’re willing to stomach large drawdowns, and anyone who bought then could exit with a small profit now had they not panic-sold along the way.

The reason I regret it is I don’t want to make public stock predictions because it adds stress to my life. I have not sold any of my shares yet, but something I’ve noticed recently has got me thinking about it, and stock tips are like a game of telephone wherein whoever is last in the chain might find out the wrong information and too late. And while every adult has agency and is responsible for his own financial decisions, I don’t want my readers losing money on account of anything I write.

My base case is still that MSTR becomes a trillion-dollar company, destroys the performance of the S&P, the Mag-7 and virtually any other equity portfolio most people would assemble. Michael Saylor is trading an infinitely-printable asset (his shares) for humanity’s best-ever, finite-supply digital gold, and that trade should be profitable for him and his shareholders in perpetuity.

I don’t know exactly what he plans to do when that trade is no longer available to him — either because no one takes fiat currency for bitcoin anymore or because his mNAV (market-cap-to-bitcoin-holding ratio) goes below one — but that’s not my main concern, either. At that point he’ll have so much bitcoin, he’ll probably become the world’s first and largest bitcoin bank and profit by making his pristine collateral available to individuals and institutions. Even at five percent interest, half a trillion in bitcoin would yield $25B in profits every year. Even at a modest 10x valuation, the stock would more than double from here.

I am also not overly concerned with Saylor’s present amount of convertible debt which is at low or zero rates and is only https://www.strategy.com/. He’s been conservative on that front and only issuing on favorable terms. I don’t doubt Saylor’s prescience, intelligence or business sense one bit.

What got me thinking were some Twitter posts by a former Salomon Brothers trader/prophet Josh Mandell https://x.com/JoshMandell6/status/1921597739458339193 recently. In November when bitcoin was mooning after the election, he predicted that on March 14th it would close at $84,000, and if it did it would then go on an epic run up to $444,000 this cycle.

A lot of people make predictions, a few of them come true, but rarely do they come true on the dot (it closed at exactly $84K according to some exchanges) and on such a specific timeframe. Now, maybe he just got lucky, or maybe he is a skilled trader who made one good prediction, but the reason he gave for his prediction, insofar as he gave one, was not some technical chart or quantitative analysis, but a memory he had from 30 years ago that got into his mind that he couldn’t shake. He didn’t get much more specific than that, other than that he was tuned into something that if he explained fully would make too many people think he had gone insane. And then the prediction came true on the dot months later.

Now I believe in the paranormal more than the average person. I do not think things are random, and insofar as they appear that way it’s only because we have incomplete information — even a coin toss is predictable if you knew the exact force and spin that was put on the coin. I think for whatever reason, this guy is plugged into something, and while I would never invest a substantial amount of money on that belief — not only are earnestly-made prophecies often delusions or even if correct wrongly interpreted — that he sold makes me think.

He gave more substantive reasons for selling than prophecy, by the way — he seems to think Saylor’s perpetual issuance of shares ATM (at the market) to buy more bitcoin is putting too much downward pressure on the stock. Obviously, selling shares — even if to buy the world’s most pristine collateral at a 2x-plus mNAV — reduces the short-term appreciation of those shares.

His thesis seems to be that Saylor is doing this even if he would be better off letting the price appreciate more, attracting more investors, squeezing more shorts, etc because he needs to improve his credit rating to tap into the convertible debt market to the extent he has promised ($42 billion more over the next few years) at favorable terms. But in doing this, he is souring common stock investors because they are not seeing the near-term appreciation they should on their holdings.

Now this is a trivial concern if over the long haul MSTR does what it has the last couple years which is to outperform by a wide margin not only every large cap stock and the S&P but bitcoin itself. And the bigger his stack of bitcoin, the more his stock should appreciate as bitcoin goes up. But markets do not operate linearly and rationally. Should he sour prospective buyers to a great enough extent, should he attract shorts (and supply them with available shares to borrow) to a great enough extent, perhaps there might be an mNAV-crushing cascade that drives people into other bitcoin treasury companies, ETFs or bitcoin itself.

Now Saylor as first mover and by far the largest publicly-traded treasury company has a significant advantage. Institutions are far less likely to invest in size in smaller treasury companies with shorter track records, and many of them are not allowed to invest in ETFs or bitcoin at all. And even if a lot of money did go into any of those vehicles, it would only drive the value of his assets up and hence his stock price, no matter the mNAV. But Josh Mandell sold his shares prior to a weekend where bitcoin went from 102K to 104K, the US announced a deal with China, the mag-7 had a big spike (AAPL was up 6.3 percent) and then MSTR’s stock went down from 416 to 404. As I said, he is on to something.

So what’s the real long-term risk? I don’t know. Maybe there’s something about the nature of bitcoin that long-term is not really amenable to third-party custody and administration. It’s a bearer asset (“not your keys, not your coins”), and introducing counterparty risk is antithetical to its core purpose, the separation of money and state, or in this case money and bank.

With the bitcoin network you can literally “be your own bank.” To transact in digital dollars you need a bank account — or at least a stable coin one mediated by a centralized entity like Tether. You can’t hold digital dollars in your mind via some memorized seed words like you can bitcoin, accessible anywhere in the world, the ledger of which is maintained by tens of thousands of individually-run nodes. This property which democratizes value storage in the way gold did, except now you can wield your purchasing power globally, might be so antithetical to communal storage via corporation or bank that doing so is doomed to catastrophe.

We’ve already seen this happen with exchanges via FTX and Mt. Gox. Counterparty risk is one of the problems bitcoin was created to solve, so moving that risk from a fractionally reserved international banking system to corporate balance sheets still very much a part of that system is probably not the seismic advancement integral to the technology’s promise.

But this is more of a philosophical concern rather than a concrete one. To get more specific, it’s easy to imagine Coinbase, if indeed that’s where MSTR custodies its coins, gets hacked or https://www.chrisliss.com/p/soft-landing, i.e., seized by an increasingly desperate and insolvent government. Or maybe Coinbase simply doesn’t have the coins it purports like FTX, or a rogue band of employees, working on behalf of some powerful faction for “https://www.chrisliss.com/national-security-and-public-healt” executes the rug pull. Even if you deem these scenarios unlikely, they are not unfathomable.

Beyond outright counterparty malfeasance, there are other risks — what if owning common stock in an enterprise that simply holds bitcoin falls out of favor? Imagine if some new individual custody solution emerges wherein you have direct access to the coins themselves in an “even a boomer can do this” kind of way wherein there’s no compelling reason to own common stock with its junior claims to the capital stack in the event of insolvency? Why stand in line behind debt holders and preferred shares when you can invest in something that’s directly withdrawable and accessible if world events spike volatility to a systemic breaking point?

Things need not even get that rocky for this to be a concern — just the perception that they might could spook people into realizing common stock of a corporate balance sheet might be less than ideal as your custody solution.

Moreover, Saylor himself presents some risk. He could be compromised or blackmailed, he could lose his cool or get into an accident. These are low-probability scenarios, but also not unfathomable as any single point of failure is a target, especially for those factions who stand to lose unimaginable wealth and power should his speculative attack on the system succeed at scale.

Finally, even if Saylor remains free to operate as he sees fit, there is what I’d call the Icarus risk — he might be too ambitious, too hell-bent on acquiring bitcoin at all costs, too much of a maniac in service of his vision. Remember, he initially bought bitcoin during the covid crash and concomitant massive money print upon his prescient realization that businesses providing goods and services couldn’t possibly keep pace with inflation over the long haul. He was merely playing defense to preserve his capital, and now, despite his sizable lead and secured position is still throwing forward passes in the fourth quarter rather than running out the clock and securing the W.

Saylor is now arguably less a bitcoin maximalist and advocate, articulately making the case for superior money and individual sovereignty, but a corporate titan hell-bent on world domination via apex-predator-status balance sheet. When is enough enough? Many of the greatest conquerors in history pushed their empires too far until they fractured. In fact, 25 years ago MSTR was a big winner before the dot-com crash during which its stock price and most of Saylor’s fortune were wiped out when he was sued by the SEC for accounting fraud (he subsequently settled).

Now it’s possible, he learned from that experience, got up off the mat and figured out how to avoid his youthful mistakes. But it’s also possible his character is such that he will repeat it again, only this time at scale.

But as I said, my base case is MSTR is a trillion-dollar market cap, and the stock runs in parallel with bitcoin’s ascendance over the next decade. Saylor has been https://www.strategy.com/, prescient, bold and responsible so far over this iteration. I view Mandell’s concerns as valid, but similar to Wall St’s ones about AMZN’s Jeff Bezos who relentlessly ignored their insistence on profitability for a decade as he plowed every dollar into building out productive capacity and turned the company into the $2T world-dominating retail giant it is now.

Again, I haven’t (yet) sold any of my shares or even call options. But because I posted about this in January I felt I should at least follow-up with a more detailed rundown of what I take to be the risks. As always, do your own due diligence with any prospective investment.

@ 6ad3e2a3:c90b7740

When I was a kid, I wanted to be rich, but found the prospect of hard work tedious, pointless and soul-crushing. Instead of studying for exams, getting some job and clawing your way up the ladder, I wondered why we couldn’t just build a device that measured your brain capacity and awarded you the money you would have made had you applied yourself. Eliminate the middleman, so to speak, the useless paper pushing evoked by the word “career.”

But when you think about it, it’s not really money you’re after, as money is but purchasing power, and so it’s the things money can provide like a nice lifestyle and the peace of mind that comes from not worrying about it. And it’s not really the lifestyle or financial independence, per se, since moment to moment what’s in your bank account isn’t determining your mental state, but the feeling those things give you — a sense of expansiveness and freedom.

But if you did have such a machine, and it awarded you the money, you probably wouldn’t have that kind of expansiveness and freedom, especially if you did nothing to achieve those things. You would still feel bored, distracted and unsatisfied despite unrestricted means to travel or dine out as you saw fit. People who win the lottery, for example, tend to revert to their prior level of satisfaction in short order.

The feeling you really want then is the sense of rising to a challenge, negotiating and adapting to your environment, persevering in a state of uncertainty, tapping into your resourcefulness and creativity. It’s only while operating at the edge of your capacity you could ever be so fulfilled. In fact, in such a state the question of your satisfaction level would never come up. You wouldn’t even think to wonder about it you’d be so engrossed.

So what you really crave is a mind device that encourages you to adapt to your environment using your full creative capabilities in the present moment, so much so you realize if you do not do this, you have the sense of squandering your life in a tedious, pointless and soul-crushing way. You need to be totally stuck, without the option of turning back. In sum, you need to face reality exactly as it is, without any escape therefrom.

The measure of your mind in that case is your reality itself. The device is already with you — it’s the world you are presently creating with the consciousness you have, providing you avenues to escape, none of which are satisfactory, none that can lead to the state you truly desire. You have a choice to pursue them fruitlessly and wind up at square one, or to abandon them and attain your freedom. No matter how many times you go down a false road, you wind up at the same place until you give up on the Sisyphean task and proceed in earnest.

My childhood fantasy was real, it turns out, only I had misunderstood its meaning.

@ bbb5dda0:f09e2747

My week 19 started with a celebration of 80 years of liberation from the Germans (we love you guys now tho 🫶🏼). It feels conflicting, we're celebrating freedom, whilst cutting down those freedoms day by day more rapidly as time progresses. Should we still celebrate...?

The current path back to freedom can be mundane in the day to day but I wouldn't wanna have it any other way. These last couple weeks I've continued working on our TollGate pipelines to facilitate our release cycle, make it faster and easier to release in quick succession. There's been a lot of details to get right, because our releases are nostr based and once people start relying on the structure of the events we can't easily change it.

A TollGateOS release event now looks like this NIP-94 file metadata event:

json { "id": "a867f15ca7edc95a69e1557539a624466147584f68c62a16c47fe9bca3778312", "pubkey": "5075e61f0b048148b60105c1dd72bbeae1957336ae5824087e52efa374f8416a", "created_at": 1747475980, "kind": 1063, "tags": [ [ "url", "https://blossom.swissdash.site/9e5e8c48810a1b59cf10fa56486f311e048a0305eb58444992b6133fd19fcb3e.bin" ], [ "m", "application/octet-stream" ], [ "x", "9e5e8c48810a1b59cf10fa56486f311e048a0305eb58444992b6133fd19fcb3e" ], [ "ox", "9e5e8c48810a1b59cf10fa56486f311e048a0305eb58444992b6133fd19fcb3e" ], [ "architecture", "aarch64_cortex-a53" ], [ "device_id", "glinet_gl-mt3000" ], [ "supported_devices", "glinet,gl-mt3000 glinet,mt3000-snand" ], [ "openwrt_version", "24.10.1" ], [ "tollgate_os_version", "v0.0.2" ], [ "release_channel", "stable" ] ], "content": "TollGate OS Firmware for glinet_gl-mt3000", "sig": "1d050233428304685d202e954cb48714c800a7ca5f2d6a8d8fd657a775b9c51bf83364505311859c846e25098168a8ff309af2308712aafe634fcbdc96fcd84a" }

One of the missing links was the supported_devices tag. That is because the installer checks the device name by ssh-ing into the router and it returns the glinet,gl-mt3000 which doesn't properly translate into the device_id, which is what's used for compiling the OS. So this helps us to do the lookups and compatibility checks in the installer.

I also worked on: - getting the versioning of the tollgate-basic package's naming in line with the OpenWRT naming convention. - Rework versioning for dev builds into [branchname].[commit_height].[commit_hash] which will show up on the dev release_channel releases. - Getting an initial release of the tollgate-installer done, so we can easily flash a bunch of routers to become TollGates.

Bright minds in Prague

I met up with some bright minds from the space in Prague where @cobrador and i did a workshop on turning routers into TollGates and start earning sats. As is part of building things, things break and people make us aware of issues that we wouldn't foresee. Like for some reason Minibits cashu tokens being rejected, which is likely because of the memo's but we still need to dive into that issue.

Also we released [v0.0.2] of TollGate OS, which now includes an updater feature, again for faster release cycles. Currently we're focussing on getting a v0.0.3 out quickly with fixes for the user feedback we've gathered so far!

Receipt.Cash

I also, kind of unplanned, saw an opportunity to shill Receipt.Cash. I'd made a few improvements recently and it's ready enough for reckless people to try it out ;).

| | | | | | Payer Scans any fiat receipt & Share link with friends | Friends tap what they had, price is auto-converted to sats, then pay by Lightning or Cashu. | If you want to try it, BE CAREFUL! It is highly experimental and you might lose your sats, no refunds!

Source Code here.

@ 3770c235:16042bcc

In recent years, a remarkable transformation has taken place in the way people view and utilize their homes. No longer confined to the four walls of traditional interior spaces, homeowners are increasingly turning their attention outward—toward their own backyards. The concept of outdoor living has evolved from mere patio furniture and barbecues to fully functional living environments, equipped with kitchens, entertainment systems, and even workspaces.

This growing trend is not just a design choice; it reflects changing lifestyles, shifting priorities, and a reimagining of what it means to feel at home. The rise of outdoor living is more than a fad—it's a movement, and it's here to stay.

**A Shift in Lifestyle and Values ** At the heart of the outdoor living boom is a deeper shift in how people value their time, environment, and personal space. The COVID-19 pandemic played a significant role in this evolution. Lockdowns and restrictions forced many to reassess their living situations, seeking ways to make the most of what they already had. The backyard, once overlooked, suddenly became a sanctuary—a space to breathe, gather, and escape the monotony of indoor life.

According to a 2021 study by the International Casual Furnishings Association, over 90% of Americans with outdoor living space report that it is more valuable to them than ever before, with nearly 60% saying they upgraded their outdoor spaces during the pandemic source.

This change in perception is not solely pandemic-related. There's a growing emphasis on wellness, mindfulness, and balance. People are looking to nature for inspiration and relaxation. Outdoor living spaces—be they modest balconies or expansive decks—allow homeowners to connect with nature without leaving the comfort of home.

Redefining the Backyard: From Playgrounds to Living Rooms

Traditionally, the backyard has served specific purposes—gardening, children’s play areas, maybe a grill tucked in the corner. Today, backyards are being reimagined as multi-functional extensions of the home.

1. Outdoor Kitchens and Dining Areas Once considered a luxury, outdoor kitchens have become increasingly common. With built-in grills, pizza ovens, refrigerators, sinks, and full countertops, these outdoor culinary spaces rival their indoor counterparts. The convenience of preparing and serving meals outside is matched by the social benefit: cooking becomes a shared experience.

2. Living and Lounge Areas Outdoor seating now goes far beyond foldable lawn chairs. Modular sectionals, fire pits, weather-resistant rugs, and even smart lighting have turned patios into legitimate living rooms under the sky. Some include mounted TVs, Bluetooth speakers, and retractable canopies or pergolas for all-weather comfort.

3. Work and Study Zones Remote work has blurred the boundaries between office and home. Now, it’s expanding into the outdoors. With Wi-Fi extenders, weather-protected furniture, and shade structures, backyards are becoming viable home office environments, perfect for Zoom calls with a natural backdrop.

4. Wellness Retreats From hot tubs and saunas to yoga decks and meditation gardens, outdoor spaces are being tailored to support wellness. These personal sanctuaries offer solitude and stress relief, all within the perimeter of one's property.

The Role of Technology and Innovation Modern outdoor spaces owe much of their versatility to advances in technology and materials. Weather-resistant fabrics, composite decking, solar lighting, and smart irrigation systems have all expanded what's possible in backyard design.

Smart home technology has also made its way outdoors. Lighting can be automated or voice-controlled. Outdoor speakers can be synced across zones. Even grills can be connected to apps that monitor cooking temperatures. These innovations allow outdoor living to be both luxurious and convenient, requiring minimal maintenance while offering maximum comfort.

**Economic Impact and Value Addition ** Investing in outdoor living isn't just about lifestyle—it’s also smart economics. Outdoor upgrades can significantly boost a home's resale value. A well-designed patio or outdoor kitchen can yield a return on investment (ROI) of up to 80%, according to the National Association of Realtors. In fact, data from Houzz shows that nearly 57% of homeowners are investing in their outdoor spaces specifically to increase resale value source.

This financial motivation has fueled demand for landscape architects, outdoor furniture designers, and construction professionals specializing in outdoor living projects. As a result, the industry surrounding outdoor enhancements—from pergola manufacturers to luxury fire pit designers—has seen exponential growth.

Environmental Considerations and Sustainability As outdoor living becomes more popular, so does the demand for environmentally conscious design. Homeowners are increasingly incorporating sustainable elements into their outdoor plans, including: • Native plant landscaping: Reduces water usage and supports local ecosystems. • Rainwater harvesting systems: Collect and store rain for garden irrigation. • Solar-powered lighting: Minimizes energy consumption while maximizing ambiance. • Permeable paving materials: Reduce runoff and promote groundwater recharge. Green living isn't just a buzzword—it’s influencing how people design their outdoor sanctuaries. Eco-conscious homeowners are prioritizing sustainability as much as aesthetics, ensuring their outdoor spaces are in harmony with nature, not in conflict with it.

The Social Connection

Outdoor living also taps into our basic need for connection. From summer barbecues to cozy firepit gatherings, the backyard is an ideal setting for meaningful social interactions. During a time when indoor gatherings have been restricted or limited, outdoor spaces have offered a safer, more accessible alternative.

Community ties can also be strengthened through outdoor living. In urban settings, rooftop terraces or shared gardens create communal spaces for neighbors to engage, collaborate, and unwind. For families, these outdoor extensions offer a way to spend quality time together—whether through games, meals, or simply enjoying the open air. For individuals, they provide a space to recharge, free from the digital and physical clutter of indoor life.

Customization and Personalization

One of the most appealing aspects of outdoor living is the high degree of customization available. Unlike interior spaces that may be limited by architectural constraints, outdoor areas can often be more flexible in layout and design.

Homeowners can craft outdoor environments that reflect their personalities and values: • The entertainer may opt for a bar area, ambient lighting, and surround sound. • The minimalist might choose clean lines, neutral tones, and eco-friendly materials. • The nature-lover may emphasize greenery, water features, and natural textures. DIY options also abound, allowing for creative freedom and budget-friendly upgrades. Raised garden beds, handmade furniture, repurposed materials, and vertical planters give individuals the opportunity to leave their personal mark on the space.

The Influence of Global Design Trends Outdoor living isn’t confined to North America. Around the world, cultures have long embraced outdoor spaces—from Japanese zen gardens to Mediterranean courtyards. The current global design conversation draws inspiration from a variety of traditions and climates.

Scandinavian principles of simplicity and functionality influence clean-lined, open-air designs, while tropical resorts have inspired lush, greenery-filled retreats in suburban settings. The blending of international styles enables homeowners to create outdoor spaces that are both eclectic and functional.

Looking Ahead: The Future of Outdoor Living The trajectory of outdoor living points to continued growth, innovation, and integration. Here are some trends likely to define the next decade:

1. Year-Round Use With heating lamps, insulated pergolas, and all-weather furniture, outdoor spaces are becoming viable in all seasons. Expect to see more designs tailored for winter, including hot tubs, enclosed lounges, and warm lighting features.
2. Outdoor Smart Hubs Technology will play an even greater role, with integrated outdoor control systems for lighting, security, irrigation, and entertainment—managed through a single device or app.
3. Edible Landscaping Gardens will not only be for beauty but also for sustenance. Raised vegetable beds, fruit trees, and herb walls will become staples in functional outdoor design.
4. Modular Design Portable and adaptable elements like movable walls, foldable furniture, and hybrid indoor-outdoor structures will offer more flexibility, especially in smaller spaces.
5. Wellness Integration Expect an even stronger emphasis on health and well-being—cold plunge pools, outdoor gyms, meditation pods, and immersive natural soundscapes will take center stage.

---

Conclusion The rise of outdoor living is not just a design phenomenon—it’s a cultural shift. Homeowners are recognizing the value of outdoor spaces as extensions of their identities, routines, and dreams. Whether it's a serene garden, a vibrant entertainment hub, or a cozy work nook, the backyard is being redefined as a vital part of the home. In a world that often feels fast-paced and digitally overloaded, outdoor living offers a much-needed antidote: space to breathe, relax, connect, and thrive. It’s about more than upgrading the home—it’s about enhancing the human experience. As this trend continues to evolve, one thing is clear: the best room in the house may not be inside at all.

@ 472f440f:5669301e

Marty's Bent

via me

Don't sleep on what's happening in Japan right now. We've been covering the country and the fact that they've lost control of their yield curve since late last year. After many years of making it a top priority from a monetary policy perspective, last year the Bank of Japan decided to give up on yield curve control in an attempt to reel inflation. This has sent yields for the 30-year and 40-year Japanese government bonds to levels not seen since the early 2000s in the case of the 30-year and levels never before seen for the 40-year, which was launched in 2007. With a debt to GDP ratio that has surpassed 250% and a population that is aging out with an insufficient amount of births to replace the aging workforce, it's hard to see how Japan can get out of this conundrum without some sort of economic collapse.

This puts the United States in a tough position considering the fact that Japan is one of the largest holders of U.S. Treasury bonds with more than 1,135 sats | $1.20 trillion in exposure. If things get too out of control in Japan and the yield curve continues to drift higher and inflation continues to creep higher Japan can find itself in a situation where it's a forced seller of US Treasuries as they attempt to strengthen the yen. Another aspect to consider is the fact that investors may see the higher yields on Japanese government bonds and decide to purchase them instead of US Treasuries. This is something to keep an eye on in the weeks to come. Particularly if higher rates drive a higher cost of capital, which leads to even more inflation. As producers are forced to increase their prices to ensure that they can manage their debt repayments.

It's never a good sign when the Japanese Prime Minister is coming out to proclaim that his country's financial situation is worse than Greece's, which has been a laughing stock of Europe for the better part of three decades. Japan is a very proud nation, and the fact that its Prime Minister made a statement like this should not be underappreciated.

As we noted last week, the 10-year and 30-year U.S. Treasury bonds are drifting higher as well. Earlier today, the 30-year bond yield surpassed 5%, which has been a psychological level that many have been pointed to as a critical tipping point. When you take a step back and look around the world it seems pretty clear that bond markets are sending a very strong signal. And that signal is that something is not well in the back end of the financial system.

This is even made clear when you look at the private sector, particularly at consumer debt. In late March, we warned of the growing trend of buy now, pay later schemes drifting down market as major credit card companies released charge-off data which showed charge-off rates reaching levels not seen since the 2008 great financial crisis. At the time, we could only surmise that Klarna was experiencing similar charge-off rates on the bigger-ticket items they financed and started doing deals with companies like DoorDash to finance burrito deliveries in an attempt to move down market to finance smaller ticket items with a higher potential of getting paid back. It seems like that inclination was correct as Klarna released data earlier today showing more losses on their book as consumers find it extremely hard to pay back their debts.

via NewsWire

This news hit the markets on the same day as the average rate of the 30-year mortgage in the United States rose to 7.04%. I'm not sure if you've checked lately, but real estate prices are still relatively elevated outside of a few big cities who expanded supply significantly during the COVID era as people flooded out of blue states towards red states. It's hard to imagine that many people can afford a house based off of sticker price alone, but with a 7% 30-year mortgage rate it's becoming clear that the ability of the Common Man to buy a house is simply becoming impossible.

via Lance Lambert

The mortgage rate data is not the only thing you need to look at to understand that it's becoming impossible for the Common Man of working age to buy a house. New data has recently been released that highlights That the median home buyer in 2007 was born in 1968, and the median home buyer in 2024 was born in 1968. Truly wild when you think of it. As our friend Darth Powell cheekily highlights below, we find ourselves in a situation where boomers are simply trading houses and the younger generations are becoming indentured slaves. Forever destined to rent because of the complete inability to afford to buy a house.

via Darth Powell

via Yahoo Finance

Meanwhile, Bitcoin re-approached all-time highs late this evening and looks primed for another breakout to the upside. This makes sense if you're paying attention. The high-velocity trash economy running on an obscene amount of debt in both the public and private sectors seems to be breaking at the seams. All the alarm bells are signaling that another big print is coming. And if you hope to preserve your purchasing power or, ideally, increase it as the big print approaches, the only thing that makes sense is to funnel your money into the hardest asset in the world, which is Bitcoin.

via Bitbo

Buckle up, freaks. It's gonna be a bumpy ride. Stay humble, Stack Sats.

Trump's Middle East Peace Strategy: Redefining U.S. Foreign Policy

In his recent Middle East tour, President Trump signaled what our guest Dr. Anas Alhajji calls "a major change in US policy." Trump explicitly rejected the nation-building strategies of his predecessors, contrasting the devastation in Afghanistan and Iraq with the prosperity of countries like Saudi Arabia and UAE. This marks a profound shift from both Republican and Democratic foreign policy orthodoxy. As Alhajji noted, Trump's willingness to meet with Syrian President Assad follows a historical pattern where former adversaries eventually become diplomatic partners.

"This is really one of the most important shifts in US foreign policy to say, look, sorry, we destroyed those countries because we tried to rebuild them and it was a big mistake." - Dr. Anas Alhajji

The administration's new approach emphasizes negotiation over intervention. Rather than military solutions, Trump is engaging with groups previously considered off-limits, including the Houthis, Hamas, and Iran. This pragmatic stance prioritizes economic cooperation and regional stability over ideological confrontation. The focus on trade deals and investment rather than regime change represents a fundamental reimagining of America's role in the Middle East.

Check out the full podcast here for more on the Iran nuclear situation, energy market predictions, and why AI development could create power grid challenges. Only on TFTC Studio.

Headlines of the Day

Bitcoin Soars to 100,217 sats | $106.00K While Bonds Lose 40% Since 2020 - via X

US Senate Advances Stablecoin Bill As America Embraces Bitcoin - via X

Get our new STACK SATS hat - via tftcmerch.io

Texas House Debates Bill For State-Run Bitcoin Reserve - via X

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Final thought...

Don't let the noise consume you. Focus on making your life 1% better every day.

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@ 9be6a199:6e133301

sadfsflkjsdflkdsjfglksjdfglksdaasdfsdfsdfsdfssdsd

@ 88cc134b:5ae99079

content

nostr:nevent1qvzqqqqqqypzpkygz22lv3pdey6gr7ygmk67wjh24hdvj3t797mm6z0x3ax4erdhqqsdxy48qm3tces0tu90shwltcg20zsprejkahklwftpzyhytcf32tc9sm779

@ 9be6a199:6e133301

sadfsflkjsdflkdsjfglksjdfglksdaasdfsdfsdfsdfssdsd

@ 9be6a199:6e133301

sadfsflkjsdflkdsjfglksjdfglksdaasdfsdfsdfsdfs

@ a296b972:e5a7a2e8

Die Natur strebt nach einem Gleichgewicht durch Ausgleich von nicht zueinander passenden Verhältnissen. Die Gesellschaft ist ein sozialer Organismus, der ebenso nach Ausgleich und einer Stimmigkeit der Verhältnisse strebt. Das sind Naturgesetze, die keine Regierung auf Dauer imstande ist, außer Kraft zu setzen.

Weder oppositionelle Kräfte, noch Kräfte innerhalb des Souveräns haben die Absicht, die Demokratie abzuschaffen. Es geht vielmehr darum, sie wieder in der Form herzustellen, in der sie ihren Namen auch verdient. Dazu gehört, dass alle Macht vom Volke ausgeht, was derzeit nicht der Fall ist.

Ein durch den Staat vorgegebenes Bildungssystem hat Menschen vor allem zu gefügigen Rädchen im Wirtschaftsgetriebe und nicht zu alles kritisch hinterfragenden Bürgern erzogen, die ständig der Regierung auf die Finger schauen.

Wenn die Bürger, der Souverän, eine Regierung immer mehr „machen lässt“ und glaubt, es sei genug, alle 4 Jahre sein Wahl-Kreuzchen zu machen, entfernt er sich immer mehr von der Kontrolle der durch ihn beauftragten Vertreter, und diese entfernen sich so immer mehr vom Alltag der Bürger.

Zu wenig Gegenrede des Souveräns führt zu immer mehr Übermut der Regierung, die sich immer sicherer wird, mit jedem Unsinn durchzukommen.

Ist dann die Schmerzgrenze des Souveräns erreicht, beginnt er, die Opposition zu stärken. In einer funktionierenden Demokratie würde das dazu führen, dass die Opposition die Regierung bildet, die dann die Chance hat, Fehlentwicklungen abzustellen und ausgleichend tätig zu werden.

Derzeit findet sowohl beim Souverän, als auch bei den Parteien, die bisher Regierungen zusammengestellt haben, ein Erwachen statt.

Da die ehemaligen Volks-Parteien unbedingt an der Macht festhalten wollen, seitens des Souveräns auf zu wenig Widerstand stoßen, wird mit der Macht, einer Demokratie nicht würdig, umgegangen. Dem sollte dringend Einhalt geboten werden.

Der Missbrauch äußert sich in brutalen (Lieblingswort der Ex-Außen-Dings) Einschränkungen der Grundrechte (Corona-Zeit), in der Einschränkung der Meinungsfreiheit (D S A), in Tendenzen zunehmender Kontrolle und Überwachung, Förderung von Denunzianten-Portalen, Kapern des öffentlich-rechtlichen Rundfunks, Förderung von NGOs, die als Sprechpuppen genutzt werden. Besetzt von Menschen, die entweder tatsächlich überzeugt sind von dem, was sie ideologisch vertreten, oder die über Charaktereigenschaften verfügen, die noch sehr viel Optimierungspotenzial in sich bergen. Gepaart mit fachlicher Inkompetenz ist das ein gefährlicher Cocktail.

Erst jüngst sogar durch Ausreiseverbote, wie in einem Staat, mit dem man das derzeitige Deutschland nicht vergleichen darf. So groß ist inzwischen schon die Angst geworden, die Kontrolle über die Macht zu verlieren. Alles, was an Kritik geäußert werden will, gilt als Delegitimierung des Staates. Auf keinen Fall darf sie im Ausland geäußert werden, damit es ja nichts davon mitbekommt, was in Deutschland abgeht. Das ist so wie ein Kind, dass sich die Hände vor die Augen hält und meint, es würde nicht gesehen werden.

Die Regierung ist übergriffig geworden. Je lauter sie Demokratie schreit, desto totalitärer wird sie.

Durch fehlende Kontrolle des Souveräns sind charakterlich und fachlich ungeeignete Personen in die Politik gelangt, deren ständige Überforderung dazu führt, dass sich deren Entscheidungen immer weiter von der Lebensrealität des Souveräns entfernen.

Bislang haben rund 25% des Souveräns diese Schieflage erkannt und wollen einer Opposition, die so stark geworden ist, weil die Alt-Parteien über Jahre Fehler an Fehler aneinandergereiht haben, die Gelegenheit geben, diese Fehler zu beheben und auszugleichen. Offen bleibt die Frage, ob sie dazu wirklich in der Lage sind, oder ob die Gefahr besteht, dass sie von einem möglicherweise grundsätzlich kranken System vereinnahmt werden.

Da es seitens der Alt-Parteien keine Einsicht gibt, dass sie in der Regierung nicht mehr den Willen des Souveräns vertreten, derzeit auch besonders gut zu sehen an dem Friedenswillen des Souveräns im Vergleich zur Kriegstreiberei der Regierung, bleibt nur, der Opposition zumindest die Chance zu geben, es besser zu machen und den Willen des Souveräns umzusetzen. Gelänge das nicht, ist die Demokratie, wie wir sie bislang verstanden haben, gescheitert.

Eine daraus resultierende Staatsform stünde dem Freiheitsgedanken diametral gegenüber.

Die Verteidigung von Unseredemokratie seitens der Regierung entlarvt das eigentliche, was damit gemeint ist, nämlich die Erhaltung der eigenen Macht, verbunden mit allen Vorzügen und Privilegien. Sie richtet sich gegen das eigene Volk, das mit einer ganz normal funktionierenden Demokratie schon sehr zufrieden wäre. Unseredemokratie ist nicht unsere Demokratie!

In Anlehnung an die berühmt gewordene Lüge Walter Ulbrichs: „Niemand hat die Absicht eine Mauer zu errichten“, hat derzeit niemand die Absicht, die sogenannte Brandmauer einzureißen, bzw. sie so lange stehen zu lassen, wie es eben geht, um die herrschenden Machtverhältnisse so lange wie möglich aufrechtzuerhalten. Die Geschichte hat jedoch zum Glück gezeigt, dass selbst eine Berliner Mauer nicht ewig hält.

Wie sich aus dem absurd-lächerlichen Gutachten, einer der Regierung gegenüber weisungsgebundenen Behörde herausgestellt hat, gibt es keinerlei Anzeichen dafür, dass die Opposition die demokratische Grundordnung weder gefährden noch beseitigen will.

Da die ehemaligen Volksparteien augenscheinlich nicht in der Lage sind, politische, wirtschaftliche und gesellschaftliche Verhältnisse zum Wohle des Deutschen Volkes herzustellen, ist der demokratische Weg, die Opposition hierzu zu ermächtigen.

Wird das weiterhin verhindert, wird der Unmut des Souveräns weiter zunehmen, und spätestens, wenn die zunehmenden Schikanen die Schmerzgrenze überschritten haben, wird der Souverän nach geeigneten Mitteln und Möglichkeiten suchen, diese Schieflage zu beheben und auszugleichen.

Derzeit stehen sich ein in der Zahl und im Befinden zunehmend unzufrieden werdender Souverän und eine immer absurdere Entscheidungen treffende Regierung im lebendigen Tauziehen um Interessen gegenüber. Je mehr Bockmist die Alt-Parteien bauen, um so stärker wird die Opposition.

Aufgrund der jetzt schon vorhandenen Anzahl wacher Bürger und der Anzahl der in der Politik Unfähigen, ist eigentlich schon jetzt klar, wer in diesem Tauziehen die größere Kraft hat und wer das „Spiel“ nach demokratischen Regeln am Ende gewinnen wird. Das ist eindeutig der Souverän. Verliert er, wider Erwarten, verliert auch die Demokratie.

Dem Souverän fehlt nur noch ein wenig mehr Selbstvertrauen und ein Bewusstsein für die Macht, über die er tatsächlich verfügt.

Je mehr absurde Entscheidungen seitens der Regierung getroffen werden, und man arbeitet ja sehr fleißig daran, besonders, wenn es um Frieden geht, desto stärker wird das Selbstbewusstsein des Souveräns werden und ein natürlicher, friedlicher Ausgleich der Schieflage kann stattfinden. Der Start der neuen Regierung war jedenfalls schon einmal sehr "Keine-4-Jahre".

Wer sich in die steile und eisglatte Abfahrtspiste Deutschlands vertiefen will, hier eine Rezension zu dem Buch „Im Taumel des Niedergangs“ von dem von mir sehr geschätzten und akribisch arbeitenden Uwe Froschauer:

https://www.manova.news/artikel/abwarts

oder

https://wassersaege.com/blogbeitraege/abwaerts-rezension-des-buches-im-taumel-des-niedergangs-von-uwe-froschauer/

Dieser Artikel wurde mit dem Pareto-Client geschrieben

* *

(Bild von pixabay)

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Contexto e início

O precursor direto do avivamento foi William J. Seymour, um pregador afro-americano filho de ex-escravos, influenciado pelos ensinamentos de Charles Parham, que pregava o "batismo no Espírito Santo" com evidência do falar em línguas.

Em 1906, Seymour foi convidado para pregar em uma igreja em Los Angeles. Após ser rejeitado por alguns por sua pregação sobre o batismo com o Espírito Santo, ele começou a liderar reuniões de oração na casa da família Asberry. Em abril de 1906, durante uma dessas reuniões, os participantes começaram a experimentar manifestações intensas do Espírito Santo, incluindo glossolalia (falar em línguas), curas e profecias.

A Rua Azusa

Logo, o número de participantes cresceu tanto que foi necessário mudar para um antigo prédio da Igreja Metodista Africana Episcopal, no número 312 da Rua Azusa, no centro de Los Angeles. Esse local se tornou o epicentro do avivamento.

Características marcantes

Cultos espontâneos e fervorosos, muitas vezes sem ordem pré-definida.

Diversidade étnica e social: negros, brancos, latinos, asiáticos, ricos e pobres adoravam juntos — algo radical para os padrões da época.

Ênfase nas manifestações espirituais, como línguas, curas, visões e profecias.

Igualdade de gênero e raça no ministério, com mulheres e homens de diversas origens pregando e liderando.

Impacto

O avivamento da Rua Azusa marcou o nascimento e expansão global do pentecostalismo, hoje uma das maiores forças do cristianismo mundial. Missionários saíram de Azusa para várias partes do mundo, levando a mensagem pentecostal. Movimentos como as Assembleias de Deus e Igreja do Evangelho Quadrangular têm raízes nesse avivamento.

Tensão e Interpretação entre Reformistas e Pentecostalistas

Evangelhos e Atos

João Batista profetiza: “Ele vos batizará com o Espírito Santo e com fogo” (Mateus 3:11).

Em Atos 2, no Pentecostes, os discípulos falam em línguas e recebem poder (Atos 1:8; 2:4).

Outros episódios: Atos 10 (Casa de Cornélio) e Atos 19 (Éfeso).

Cartas Paulinas

Paulo não relaciona diretamente o “batismo com o Espírito” ao falar em línguas. Em 1 Coríntios 12:13 ele diz: “Pois em um só Espírito todos nós fomos batizados em um corpo”.

A glossolalia aparece como um dom entre outros, mas não como evidência obrigatória (1 Coríntios 12:30).

Tensão

Pentecostais veem o batismo com o Espírito como uma segunda experiência após a conversão, evidenciada por línguas. Reformados geralmente interpretam que o batismo com o Espírito ocorre na conversão e que línguas não são obrigatórias ou cessaram com os apóstolos.

Reformadores e o Batismo com o Espírito Santo

Martinho Lutero, João Calvino e outros reformadores não falavam em línguas nem davam ênfase a experiências carismáticas.

Cessacionismo: Doutrina comum entre reformados que diz que os dons sobrenaturais (línguas, profecias, curas) cessaram com a era apostólica.

Continuação (posição pentecostal): Os dons continuam hoje.

Filmes / Documentários

“Azusa Street: The Origins of Pentecostalism” (2006) – Documentário com imagens históricas e entrevistas.

“Wesley” (2009) – Biografia de John Wesley, precursor do metodismo e influência indireta no pentecostalismo.

“The Cross and the Switchblade” (1970) – História de David Wilkerson e a conversão de Nicky Cruz; enfatiza a obra do Espírito.

Série “God in America” (PBS) – Episódio sobre o pentecostalismo (não só Azusa, mas seu impacto cultural).

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Contenu à venir.

En savoir plus sur Wikipedia

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Buchbeschreibung:\ \ Dieses Buch ist ein Appell. 

Es richtet sich nicht nur an den Kopf des Lesers, sondern auch an seinen Willen.\ \ Es ist ein Appell an Volk und Leser, die Lenkung der Geschicke direkt selbst in die Hand zu nehmen. Nicht nur: "Was ist?" sondern vor allem: "Was können wir tun?" ist in diesem Buch die große Frage.\ \ Mit dem Blick auf diese Frage wird das Grundgesetz betrachtet und gezeigt, dass es absolut noch nicht der gediegene Glockenguss ist, als der es uns von "oben" immer vorgestellt wurde, sondern dass in ihm auch extrem gegenläufige, bemessen an seinen freiheitlich-demokratischen Idealen sogar als extrem verfassungs-widrig zu bezeichnende Tendenzen wirken, die heute in seine Zerstörung führen.\ \ Vor allem die unselige Übermacht des Parteienwesens und die damit verbundene systemische Entmündigung des Souveräns, des Volkes, ist das Ergebnis dieser verfassungs-widrigen Tendenzen.\ \ Es wird aber auch gezeigt, wo in den Idealen des Grundgesetzes und in den Entscheidungen der Mütter und Väter dieses Grundgesetzes die Ansatzpunkte liegen, durch die der Zerstörung des Grundgesetzes wirkungsvoll begegnet werden kann. Und diese Ansatzpunkte werden im Buch allseits zur Entfaltung gebracht.\ \ "Wer die Demokratie verteidigen will, der muss sie weiter entwickeln." Im Sinne dieses Wortes wird dem Leser ein praktikabler Weg gewiesen, auf dem er unmittelbar helfen kann, das Grundgesetz den wirkenden Zerstörungskräften zu entwinden, durch Einrichtung der direkten Bürgerbeteiligung an den entscheidenden Fragen unserer Republik die Position des Souveräns gegenüber der Parteienmacht zu stärken, Freiheitsrechte, Demokratie und Rechtsstaat auf eine wesentlich höhere Stufe als bisher zu bringen und sich durch eine verfassungs-klärende Versammlung seine Basis selbst und neu zu geben.

Buch bestellen: https://great-reset-von-unten.de/

\ Und nicht vergessen, abzustimmen! Die Zeit ist reif. Packen wir's an.\  

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Bitcoin Magazine

Ben Allen Receives Maelstrom Bitcoin Developer Grant to Advance Payjoin Tech

Ben Allen has been named the third recipient of the Maelstrom Bitcoin Developer Grant, the family office of Arthur Hayes announced in a recent press release sent to Bitcoin Magazine. Over the next year, Allen will focus on enhancing the Payjoin Dev Kit project, a privacy-focused Bitcoin transaction tool designed to improve user anonymity and network scalability.

Payjoin, first introduced in 2019 by Nicolas Dorier in BIP 78, allows both the sender and receiver to contribute inputs to a single Bitcoin transaction. This disrupts common assumptions used by financial surveillance firms, namely the idea that multiple transaction inputs must come from a single entity. By breaking this assumption, even limited adoption of Payjoin can bolster privacy across the Bitcoin network.

“Maelstrom would like to congratulate Ben Allen on this grant,” said Arthur Hayes, Chief Investment Officer of Maelstrom. “The great thing about Payjoin, is that if only a small amount of adoption is achieved, it breaks a key assumption used by financial surveillance companies. The assumption they have is that if a Bitcoin transaction has multiple inputs, all the inputs must all belong to the same entity. Therefore, Payjoin adoption improves the privacy of even the people who don’t use it. We are excited to support Ben Allen’s work on open-source tools and software to increase Payjoin adoption.” 

Allen, who will be working alongside Dan Gould, aims to expand the implementation of Payjoin so it can be integrated into more Bitcoin wallets. He acknowledged the technical complexities of the project—including the requirement for receivers to be online—but expressed optimism about overcoming these challenges.

“I’m deeply grateful to Arthur Hayes and Maelstrom for generously providing me with this grant to support my work on the Payjoin Dev Kit project,” said Allen. “With this funding, I can dedicate myself full-time to enhancing the Payjoin implementation, improving testing, and ensuring that the dev kit remains robust, well-documented, and maintainable for the future.”

Allen also emphasized the broader mission of his work: “Improving privacy for bitcoin is an area where continued improvement allows for a better experience by empowering users to control their financial data and foster greater peace of mind when using bitcoin day to day. This is an exciting opportunity to contribute to Bitcoin’s privacy and scalability, and I’m looking forward to continuing to collaborate with the community to make Payjoin more widely adopted.”

Maelstrom, which is focused on supporting digital asset infrastructure, is led by Arthur Hayes, co-founder of BitMEX. Through grants like this one, the firm is investing in the foundational tools that promote a more private, scalable, and decentralized Bitcoin ecosystem.

This post Ben Allen Receives Maelstrom Bitcoin Developer Grant to Advance Payjoin Tech first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

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Bitcoin Magazine

Proof of Reserves Should Be the Standard for Bitcoin Treasury Companies

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”
— Satoshi Nakamoto (2009)

---

Bitcoin was created to eliminate the need for trusted intermediaries. It replaced opaque, permissioned systems with transparency, auditability, and decentralized verification. The ethos was clear from day one: don’t trust—verify.

And yet, many of the institutions now holding Bitcoin—custodians, exchanges, ETFs, even public companies—continue to rely on trust-based assumptions, the very problem Bitcoin was designed to solve.

For Bitcoin treasury companies, this contradiction is especially glaring. These are firms that claim to operate on a Bitcoin standard—yet without verifiable Proof of Reserves (PoR), there’s no way for shareholders to know whether the Bitcoin is actually there.

The Problem: Unproven Bitcoin Is Just Another IOU

Bitcoin is designed to be verifiable—but most corporate disclosures aren’t. When companies report BTC holdings without public wallet visibility or on-chain proof, investors are left to trust balance sheets, auditors, and custodians.

That opens the door to systemic risks:

• Rehypothecation: BTC pledged or lent behind the scenes
• Custodial failure: Centralized services operating without 1:1 backing
• “Paper Bitcoin”: Multiple claims on the same BTC, echoing legacy financial opacity

The mere presence of Bitcoin on a balance sheet is not a guarantee. Without verification, it’s no different than a fiat-denominated claim—an IOU dressed up in BTC terms.

What We Learned from Gold: The Paper Problem

Bitcoin is not the first hard asset to face this challenge. The gold market offers a cautionary tale.

For decades, gold investors have dealt with “paper gold” systems—unallocated accounts, synthetic ETFs, and derivatives with little or no linkage to actual metal. These claims often outnumber real reserves many times over, leading to widespread suspicion of price distortion and systemic misrepresentation.

Most gold investors don’t own gold—they own a claim to gold. And they have no way to prove it.

Bitcoin gives us the tools to break this cycle. But only if companies choose to use them.

Bitcoin Is Built for Proof—and Companies Should Use It

Unlike legacy assets, Bitcoin is designed to make proof of ownership and solvency a native function of the asset itself. Through public key cryptography, on-chain auditability, and permissionless transparency, Bitcoin enables real-time, trust-minimized verification.

This isn’t just a technical capability—it’s a governance feature. Bitcoin allows companies to demonstrate, cryptographically and without intermediaries, that their reserves exist, are intact, and are unencumbered. No bank statements. No opaque custodial claims. Just data, on-chain.

That’s a radical shift—and it’s one that Bitcoin treasury companies are uniquely positioned to take advantage of. In doing so, they can reduce audit complexity, strengthen shareholder communication, and align their internal capital practices with the trustless architecture of the asset they’re holding.

And it’s already happening. Metaplanet, Premiere Member of Bitcoin For Corporations, publicly discloses its BTC reserve addresses and transaction history. Anyone in the world—including shareholders, analysts, and regulators—can independently verify the existence and movement of their treasury. That’s not just compliance. That’s Bitcoin, applied. View the snapshot of Metaplanet’s proof of reserves dashboard below.

Public Companies Face the Greatest Responsibility

Public companies don’t operate in a vacuum. Their disclosures shape market perception, influence investor behavior, and—especially when Bitcoin is involved—serve as a proxy for the maturity of the asset class itself.

When a publicly traded company holds Bitcoin but offers no visibility into how that Bitcoin is held or verified, it exposes itself to multiple levels of risk: legal, reputational, operational, and strategic. It undermines trust at the very moment it claims to be embracing a trustless system.

More importantly, public companies send signals. Whether they like it or not, they become de facto representatives of the Bitcoin strategy they’ve adopted. Their behavior becomes part of the playbook for others considering similar moves.

That’s why the responsibility is higher. Transparency isn’t optional for companies who lead with Bitcoin. It’s a duty. And companies that choose opacity not only take on unnecessary risk—they weaken the credibility of the entire movement.e.

What Proof of Reserves Should Actually Include

For Proof of Reserves to have real integrity, it must go beyond vague references to “custody partners” or internal assurance statements. The key is verifiability—independent, data-driven, and actionable by any shareholder or auditor.

At a minimum, Bitcoin treasury companies should provide:

• Custody model clarity: Is the company using self-custody, shared multisig, or third-party solutions? Who controls the keys, and under what governance?
• On-chain transparency: Whether through view-only wallet addresses or cryptographic attestations (like Merkle tree proofs), companies must make it possible to verify balances against public disclosures.
• Encumbrance disclosure: Reserves that are pledged, lent out, or locked in yield strategies should be disclosed clearly, with timelines and risk parameters attached.
• Routine updates: Proof should be refreshed regularly—not once per year in an audit footnote, but as part of ongoing financial communication.
• Reconciliation framework: Companies should explain how on-chain data maps to reported BTC NAV in filings or investor materials.

For boards and CFOs, this doesn’t need to introduce operational risk. Tools already exist—xpub view-only wallets, custody APIs, third-party validators—to provide assurance without compromising security. The obstacle isn’t capability. It’s willingness.

Setting the Industry Benchmark: Where Bitcoin Treasury Companies Must Lead

Bitcoin treasury companies are not just financial outliers—they are structural pioneers. Their decision to hold BTC signals not only a belief in long-term value, but a rejection of legacy capital inefficiency. That’s why they must also lead on standards of integrity.

By adopting PoR voluntarily and early, companies can position themselves as trustworthy, sophisticated, and future-ready. This will matter more as institutional capital rotates into Bitcoin, as index inclusion expands, and as regulators begin asking sharper questions about crypto asset disclosures on balance sheets.

PoR isn’t just a way to comply with future standards—it’s a way to shape them. The companies that lead now will not only avoid future scrutiny—they’ll attract capital from allocators who are seeking transparency but don’t yet know where to find it.

At BFC, we believe the market rewards clarity. Bitcoin treasury companies have a chance to bake transparency into their structure, not as an afterthought, but as a strategic differentiator.

Shareholders Must Demand It

Proof of Reserves isn’t just a company initiative—it’s a shareholder obligation. When a public company holds Bitcoin on its balance sheet, it is acting as a fiduciary for shareholder capital denominated in one of the hardest, most transparent assets in history. To accept opacity in that context is to forfeit the very advantage Bitcoin offers.

If you’re an investor in a Bitcoin treasury company and you can’t verify the Bitcoin, you don’t own a monetary reserve—you own a narrative. You’re trusting that someone else is telling the truth, rather than requiring the proof Bitcoin makes possible.

That’s not aligned with the principles of sound capital stewardship.

Institutional allocators, activist shareholders, and governance professionals have a growing role to play here. Just as proxy advisors and investor coalitions have pushed for climate disclosures, board transparency, and ESG clarity in the past decade, it’s time to apply that same rigor to Bitcoin disclosures—especially for companies who claim to operate on a Bitcoin standard.

Demand direct answers:

• Can we verify the holdings on-chain?
• Are reserves fully collateralized and unencumbered?
• Has manageme

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 Customizable Flash Durations: Control your transaction lifespan precisely, from 60 to 360 days.

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Since its creation in 2008, Bitcoin has been seen as a direct challenge to the traditional banking system. Developed as a decentralized alternative to fiat money, Bitcoin offers a way to store and transfer value without relying on banks, governments, or other financial institutions. This characteristic has made it a symbol of resistance against a financial system that, over time, has been marked by crises, manipulation, and restrictions imposed on citizens.

The 2008 financial crisis and the birth of Bitcoin

Bitcoin emerged in response to the 2008 financial crisis—a collapse that exposed the flaws of the global banking system. Central banks printed massive amounts of money to bail out irresponsible financial institutions, while millions of people lost their homes, savings, and jobs. In this context, Bitcoin was created as an alternative financial system, where no central authority could manipulate the economy for its own benefit.

In the first block of the Bitcoin blockchain or timechain, Satoshi Nakamoto included the following message:

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

This phrase, taken from a newspaper headline of the time, symbolizes Bitcoin’s intent to offer a financial system beyond the control of banks and governments.

• Key reasons why Bitcoin resists the banking system

01 - Decentralization: Unlike money issued by central banks, Bitcoin cannot be created or controlled by any single entity. The network of users validates transactions transparently and independently.

02 - Limited Supply: While central banks can print money without limit—causing inflation and currency devaluation—Bitcoin has a fixed supply of 21 million units, making it resistant to artificial depreciation.

03 - Censorship Resistance: Banks can freeze accounts and block transactions at any time. With Bitcoin, anyone can send and receive funds without needing permission from third parties.

04 - Self-Custody: Instead of entrusting funds to a bank, Bitcoin users can store their own coins without the risk of account freezes or bank failures.

• Conflict between banks and Bitcoin

01 - Media Attacks: Large financial institutions often label Bitcoin as risky, volatile, or useless, attempting to discourage its adoption.

02 - Regulation and Crackdowns: Some governments, influenced by the banking sector, have implemented restrictions on Bitcoin usage, making it harder to buy and sell.

03 - Creation of Centralized Alternatives: Many central banks are developing digital currencies (CBDCs) that maintain control over digital money but do not offer Bitcoin’s freedom and decentralization.

In summary, Bitcoin is not just a digital currency—it is a movement of resistance against a financial system that has repeatedly failed to protect ordinary citizens. By offering a decentralized, transparent, and censorship-resistant alternative, Bitcoin represents financial freedom and challenges the banking monopoly over money. As long as the traditional banking system continues to impose restrictions and control the flow of capital, Bitcoin will remain a symbol of independence and financial sovereignty.

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This memo intends to brief the federated societies of the galaxy on the status of one specific emerging civilization that has increasingly been of interest to our members, and further, to recommend caution when traveling unannounced nearby their local planet.

External Memo #263 from the Emerging Civilizations Council (ECC)

As you are all aware, it is the intention of our federated societies to isolate any emerging civilization in order to allow them the freedom to evolve and innovate independent of any external knowledge or technology. The benefits of this are twofold. Firstly, if during their scientific exploration and development, they are able to reach our same conclusions about the fundamentals of the universe, then we receive additional independent confirmation of our existing knowledge base. Secondly, and of much greater interest, is that all of our most advanced zero-to-one technological innovations have originated from these isolated civilizations because they are permitted to solve problems without bias from more advanced societies.

In earlier times, some of our members practiced strategic infusions of knowledge into emerging civilizations that would be disguised as native discoveries in order to secretly accelerate their advancement. While this was effective in developing advanced and peaceful civilizations more quickly, it was observed that those societies rarely developed any meaningful new technologies. As we have since learned, once a bias is introduced into an emerging civilization, it is typically destined to only innovate around our existing knowledge base.

More dangerously, societies that become aware of more advanced galactic civilizations almost always become focused on extrasolar power projection. This is an extension of the local evolutionary pressures that led to their domination as the apex predator on their planet. Only after they access the virtually unlimited resources of the galaxy, and they have resolved their internal struggle over distribution of those resources, will they be granted full federation status and interspecies technology transfer can be permitted. Prior to this stage, technology transfer from advanced societies must be avoided, as it can destabilize their development and often leads to the destruction of our most precious galactic resource; independent, decentralized technological innovation.

The dominant intelligent species of the specific civilization that is the focus of this memo identify as “Humans” and collectively inhabit a planet they call “Earth.” The Humans of Earth have yet to discover any advanced technology that would be useful to our members at this time; however, based on a key recent milestone in their development, their status has been upgraded to that of “pre-federation,” making them the leading candidate for our next admission into the galactic federation. As such, it has been estimated that first contact with the Humans of Earth may be possible within the next 1-2 GmRs [1 Galactic micro-Rotation (GmR) equals approximately 200 Earth solar orbits and spans approximately 10 human generations].

Their recent promotion to pre-federation status is based on their discovery of inviolable absolute scarcity — a key event that was independently reached among all federation members and typically triggers exponential advancement within two to four local generations. As is the case on Earth, inviolable absolute scarcity is virtually always used to develop undiluted intraspecies communication of value (the so-called perfect money). This has shown to be critical for cooperation and advancement among planetary apex predators throughout our galaxy.

The Earth-based discovery centers around a simple massless ledger system that is secured by electric power projection and is rapidly being adopted among the Humans of Earth. As with most apex predators, human trust is extremely difficult to scale across their entire planetary population. However, the new Earth-based monetary system, which they have named “bitcoin,” is quickly gaining the trust of humans as it continues to prove its inviolability. As has been the case among all emerging civilizations since the formation of the ECC, scarcity alone, even absolute scarcity, has never been enough to trigger exponential technological growth. The source of absolute scarcity must also be inviolable, or it will never be sufficiently trusted among a population.

The new currency of Earth is in the process of proving its inviolability by surviving numerous attacks with no meaningful disruption. Notably, even those closest to its discovery attempted to violate the properties of Earth’s initial implementation of absolute scarcity but were unsuccessful. Today it continues to withstand external attacks by those who have the most to lose, as adoption of a true and fair economic communication threatens to expose the opposition’s less productive, less efficient ideas. This, of course, is the specific class that must be disintegrated in order to allow the Humans of Earth to innovate freely and unlock exponential advancement. This same scenario has played out in all of our ancient histories following the discovery of inviolable absolute scarcity.

Because bitcoin has only existed for approximately one half of one human generation, proofs of inviolability have only been apparent to those who are looking the closest into the implications of the new discovery. Unsurprisingly, the humans who are the most inadequately compensated by the previous monetary systems are the first to find the benefits of inviolable absolute scarcity.

The highly anticipated exponential advancement from the now pre-federation Humans of Earth has attracted the interest of many of our members. Note, that at this juncture, the galactic playbook permits members to approach a pre-federation civilization undetected in order to fairly attain small quantities of their local implementation of inviolable absolute scarcity. The purpose of this practice is to allow our members to obtain a compatible and trusted source of compensation to be used in exchange for the first valuable innovations of a pre-federation society in a way that avoids unnecessary exposure to our technology prior to its full federation status.

Fortunately, all members who have taken part in this practice have fairly participated in the securitization of the bitcoin network, contributing small amounts of energy to organize and record transactions onto its independent time-based ledger system called the “Timechain.” Fair participation is critical to establish trust upon first contact.

Further, our members have, thus far, successfully minimized their impact on the new monetary system of Earth. This is important to disguise our existence but will also help gain trust in the future as no member will be seen as having abused its privileged access to overwhelming amounts of energy and computational power. To that end, it is believed that none of our members have collected more than a single payment for their energy contributions; meaning that no member society has more than 50 out of the full supply of 21,000,000 bitcoin (this was originally the smallest attainable payment for this form of fair participation).

The ECC asks that you please continue exercising caution, keeping your contributions to the bitcoin network to an absolute minimum. As a reminder, even a single service payment (currently 6.25 out of the full supply of 21,000,000 bitcoin), will likely be sufficient compensation for any of their innovations following first contact. Once awarded full federation status, Humans of Earth will be permitted to act as a full trading partner and will be eligible for other means of value for value payment.

However, the purpose of this message is not simply to commend our members for following those aspects of the galactic playbook. All federated societies of the galaxy should also be aware that there have recently been an increasing number of atmospheric anomalies detected by the Humans of Earth. Many believe that these anomalies are primarily caused by the influx of near-earth TDEs following their upgrade to pre-federation status [Temporary Distortion Events (TDEs) are a byproduct of most means of galactic travel]. We are, therefore, requesting that all members voluntarily announce their travel coordinates to help ensure that any TDEs in the future are adequately dispersed in space-time to avoid detectable events on Earth.

Although it has been almost 50 GmRs since the last emerging civilization was upgraded to pre-federation status, it is imperative that we maintain the complete isolation of the Humans of Earth at this critical juncture. As stated, if the Humans of Earth begin to suspect the presence of an overwhelmingly advanced species, they are highly likely to skew their innovations towards violent technologies that could destabilize their society and disrupt their potential for future contributions.

Thank you for maintaining our core principles as we begin to prepare for the next member to be admitted into our peaceful, decentralized federation.

End wideband galactic transmission…

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This story first appeared in Tales from the Timechain. Support our work and buy a copy here.

79% of the zaps from this story will be passed onto the author, Reed. 21 Futures requests 21% for operating costs.

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@nostr:npub1xgyjasdztryl9sg6nfdm2wcj0j3qjs03sq7a0an32pg0lr5l6yaqxhgu7s is a Christian, father of three, husband, bitcoiner, mechanical engineer in the nuclear power industry, science nerd and is passionate about the pursuit of truth. Reed also organized the Western Mass Bitcoin Meetup and is active on bitcoin twitter (@FreedomMoney21) and Nostr (nostrplebs.com/s/reed)

@ 04ce30c2:59ea576a

Em uma sociedade verdadeiramente livre, o indivíduo tem o direito de escolher como guardar e transferir valor. Isso inclui a liberdade de escolher qual moeda usar, sem coerção, monopólios ou imposições estatais. A concorrência entre moedas permite que as melhores propriedades monetárias prevaleçam de forma natural e voluntária.

Moeda imposta é controle

Quando uma única moeda é forçada por lei, seja por decreto estatal ou por exigências institucionais, o usuário perde a soberania sobre seu próprio patrimônio. Isso abre espaço para inflação arbitrária, bloqueios de transações, congelamento de fundos e vigilância massiva.

Concorrência monetária é essencial

A liberdade monetária implica a coexistência de várias moedas competindo entre si. Cada uma traz suas características e vantagens específicas. A escolha deve estar nas mãos do usuário, não em autoridades centralizadas.

A melhor moeda tende a se tornar o padrão

No longo prazo, a moeda com melhores propriedades monetárias, como previsibilidade, descentralização, auditabilidade e liquidez, tende a ser adotada como padrão de referência para precificação, poupança e comércio global.

O Bitcoin é a moeda mais forte nesse sentido. Mas isso não impede que outras moedas coexistam como ferramentas complementares em contextos específicos.

Conversão é liberdade

Se o usuário quiser por exemplo mais privacidade ao comprar um café ou pagar uma conta, ele pode facilmente trocar seus bitcoins por monero e usá-los conforme sua necessidade. A possibilidade de trocar entre moedas é parte essencial da liberdade financeira.

Uma sociedade livre permite a escolha. O padrão monetário deve emergir do consenso do mercado, não de imposições. Que o Bitcoin se torne o padrão não por decreto, mas por mérito. E que outras moedas existam para servir à liberdade individual em toda sua complexidade.

@ 98912a0b:c1f46ab6

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@ 472f440f:5669301e

Marty's Bent

https://www.youtube.com/watch?v=p0Sj1sG05VQ

Here's a great presentation from our good friend nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpp4mhxue69uhkummn9ekx7mqqyz2hj3zg2g3pqwxuhg69zgjhke4pcmjmmdpnndnefqndgqjt8exwj6ee8v7 , President of The Nakamoto Institute titled Hodl for Good. He gave it earlier this year at the BitBlockBoom Conference, and I think it's something everyone reading this should take 25 minutes to watch. Especially if you find yourself wondering whether or not it's a good idea to spend bitcoin at any given point in time. Michael gives an incredible Austrian Economics 101 lesson on the importance of lowering one's time preference and fully understanding the importance of hodling bitcoin. For the uninitiated, it may seem that the hodl meme is nothing more than a call to hoard bitcoins in hopes of getting rich eventually. However, as Michael points out, there's layers to the hodl meme and the good that hodling can bring individuals and the economy overall.

The first thing one needs to do to better understand the hodl meme is to completely flip the framing that is typically thrust on bitcoiners who encourage others to hodl. Instead of ceding that hodling is a greedy or selfish action, remind people that hodling, or better known as saving, is the foundation of capital formation, from which all productive and efficient economic activity stems. Number go up technology is great and it really matters. It matters because it enables anybody leveraging that technology to accumulate capital that can then be allocated toward productive endeavors that bring value to the individual who creates them and the individual who buys them.

When one internalizes this, it enables them to turn to personal praxis and focus on minimizing present consumption while thinking of ways to maximize long-term value creation. Live below your means, stack sats, and use the time that you're buying to think about things that you want in the future. By lowering your time preference and saving in a harder money you will have the luxury of demanding higher quality goods in the future. Another way of saying this is that you will be able to reshape production by voting with your sats. Initially when you hold them off the market by saving them - signaling that the market doesn't have goods worthy of your sats - and ultimately by redeploying them into the market when you find higher quality goods that meet the standards desire.

The first part of this equation is extremely important because it sends a signal to producers that they need to increase the quality of their work. As more and more individuals decide to use bitcoin as their savings technology, the signal gets stronger. And over many cycles we should begin to see low quality cheap goods exit the market in favor of higher quality goods that provide more value and lasts longer and, therefore, make it easier for an individual to depart with their hard-earned and hard-saved sats. This is only but one aspect that Michael tries to imbue throughout his presentation.

The other is the ability to buy yourself leisure time when you lower your time preference and save more than you spend. When your savings hit a critical tipping point that gives you the luxury to sit back and experience true leisure, which Michael explains is not idleness, but the contemplative space to study, create art, refine taste, and to find what "better goods" actually are. Those who can experience true leisure while reaping the benefits of saving in a hard asset that is increasing in purchasing power significantly over the long term are those who build truly great things. Things that outlast those who build them. Great art, great monuments, great institutions were all built by men who were afforded the time to experience leisure. Partly because they were leveraging hard money as their savings and the place they stored the profits reaped from their entrepreneurial endeavors.

If you squint and look into the future a couple of decades, it isn't hard to see a reality like this manifesting. As more people begin to save in Bitcoin, the forces of supply and demand will continue to come into play. There will only ever be 21 million bitcoin, there are around 8 billion people on this planet, and as more of those 8 billion individuals decide that bitcoin is the best savings vehicle, the price of bitcoin will rise.

When the price of bitcoin rises, it makes all other goods cheaper in bitcoin terms and, again, expands the entrepreneurial opportunity. The best part about this feedback loop is that even non-holders of bitcoin benefit through higher real wages and faster tech diffusion. The individuals and business owners who decide to hodl bitcoin will bring these benefits to the world whether you decide to use bitcoin or not.

This is why it is virtuous to hodl bitcoin. The potential for good things to manifest throughout the world increase when more individuals decide to hodl bitcoin. And as Michael very eloquently points out, this does not mean that people will not spend their bitcoin. It simply means that they have standards for the things that they will spend their bitcoin on. And those standards are higher than most who are fully engrossed in the high velocity trash economy have today.

In my opinion, one of those higher causes worthy of a sats donation is nostr:nprofile1qyfhwumn8ghj7enjv4jhyetvv9uju7re0gq3uamnwvaz7tmfdemxjmrvv9nk2tt0w468v6tvd3skwefwvdhk6qpqwzc9lz2f40azl98shkjewx3pywg5e5alwqxg09ew2mdyeey0c2rqcfecft . Consider donating so they can preserve and disseminate vital information about bitcoin and its foundations.

The Shell Game: How Health Narratives May Distract from Vaccine Risks

In our recent podcast, Dr. Jack Kruse presented a concerning theory about public health messaging. He argues that figures like Casey and Callie Means are promoting food and exercise narratives as a deliberate distraction from urgent vaccine issues. While no one disputes healthy eating matters, Dr. Kruse insists that focusing on "Froot Loops and Red Dye" diverts attention from what he sees as immediate dangers of mRNA vaccines, particularly for children.

"It's gonna take you 50 years to die from processed food. But the messenger jab can drop you like Damar Hamlin." - Dr Jack Kruse

Dr. Kruse emphasized that approximately 25,000 children per month are still receiving COVID vaccines despite concerns, with 3 million doses administered since Trump's election. This "shell game," as he describes it, allows vaccines to remain on childhood schedules while public attention fixates on less immediate health threats. As host, I believe this pattern deserves our heightened scrutiny given the potential stakes for our children's wellbeing.

Check out the full podcast here for more on Big Pharma's alleged bioweapons program, the "Time Bank Account" concept, and how Bitcoin principles apply to health sovereignty.

Headlines of the Day

Aussie Judge: Bitcoin is Money, Possibly CGT-Exempt - via X

JPMorgan to Let Clients Buy Bitcoin Without Direct Custody - via X

Get our new STACK SATS hat - via tftcmerch.io

Mubadala Acquires 384,239 sats | $408.50M Stake in BlackRock Bitcoin ETF - via X

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Ten31, the largest bitcoin-focused investor, has deployed 158,469 sats | $150.00M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.

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Final thought...

I've been walking from my house around Town Lake in Austin in the mornings and taking calls on the walk. Big fan of a walking call.

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

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

@ fb3d3798:371f711a

Jo, blomster kommer i alle farger og fasonger. Her har du to eksempler:

@ 6e0ea5d6:0327f353

**Ascolta bene! ** A man's sentimental longing, though often disguised in noble language and imagination, is a sickness—not a virtue.

It begins as a slight inclination toward tenderness, cloaked in sweetness. Then it reveals itself as a masked addiction: a constant need to be seen by a woman, validated by her, and reciprocated—as if someone else's affection were the only anchor preventing the shipwreck of his emotions.

The man who understands the weight of leadership seeks no applause, no gratitude, not even romantic love. He knows that his role is not theatrical but structural. He is not measured by the emotion he evokes, but by the stability he ensures. Being a true man is not ornamental. He is not a decorative symbol in the family frame.

We live in an era where male roles have been distorted by an overindulgence in emotion. The man stopped guiding and began asking for direction. His firmness was exchanged for softness, his decisiveness for hesitation. Trying to please, many have given up authority. Trying to love, they’ve begun to bow. A man who begs for validation within his own home is not a leader—he is a guest. And when the patriarch has to ask for a seat at the table he should preside over and sustain, something has already been irreversibly inverted.

Unexamined longing turns into pleading. And all begging is the antechamber of humiliation. A man who never learned to cultivate dignified solitude will inevitably fall to his knees in desperation. And then, he yields. Yields to mediocre presence, to shallow affection, to constant disrespect. He smiles while he bleeds, praises the one who despises him, accepts crumbs and pretends it’s a banquet. All of it, cazzo... just to avoid the horror of being alone.

Davvero, amico mio, for the men who beg for romance, only the consolation of being remembered will remain—not with respect, but with pity and disgust.

The modern world feeds the fragile with illusions, but reality spits them out. Sentimental longing is now celebrated as sensitivity. But every man who nurtures it as an excuse will, sooner or later, pay for it with his dignity.

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!

@ fb3d3798:371f711a

Skjønner du? Bare tekst.

@ fd06f542:8d6d54cd

🧱 NostrTrust Initial Trust Score List (V0.1)

This list defines the initial trust scores (T Score) for key members of the Nostr community based on their contributions, reputation, and role in the ecosystem. The goal is to seed a decentralized trust system that encourages quality interactions and authentic contributions.

> ⚠️ Note: This is an draft version.

✅ Initial T Score Allocation Rules

| User Type | Initial T Score Range | Criteria | |-----------|------------------------|----------| | Founder | 10,000 | Creator of the Nostr protocol | | Core Developers | 5,000 - 8,000 | Major contributors to core codebase, clients, or infrastructure | | Active Contributors | 1,000 - 4,000 | Recognized long-term contributors to content, tools, or community |

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👤 Initial Trust Score Table

| Name / Alias | npub | Initial T Score | Justification | |--------------|------|------------------|----------------| | fiatjaf | npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 | 10,000 | Creator of the Nostr protocol | |Jack|npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m|9,000|| | jb55 | npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s | 7,000 | Developer of tools, relays, and early Nostr integrations,made damus | |Alex Gleason | npub1q3sle0kvfsehgsuexttt3ugjd8xdklxfwwkh559wxckmzddywnws6cd26p | 7,000 || |PABLOF7z|npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft|7,000|NDK| |DASHU|npub19yeqjawls407xjnmgkk6yss7936pcd7qzd5srlj8wye6j8433vrsjazqwk|4,000|Nostrmo | |Moss|npub129z0az8lgffuvsywazww07hx75qas3veh3dazsq56z8y39v86khs2uy5gm|4,000| freerse.com| |w|npub10td4yrp6cl9kmjp9x5yd7r8pm96a5j07lk5mtj2kw39qf8frpt8qm9x2wl|4,000| 0xchat | |Cody Tseng|npub1syjmjy0dp62dhccq3g97fr87tngvpvzey08llyt6ul58m2zqpzps9wf6wl|4,000| jumble.social| |nostr_cn_dev|npub1l5r02s4udsr28xypsyx7j9lxchf80ha4z6y6269d0da9frtd2nxsvum9jm|1,000|nostrbook.com,NostrTrust,nostrbridge| |hzrd149|npub1ye5ptcxfyyxl5vjvdjar2ua3f0hynkjzpx552mu5snj3qmx5pzjscpknpr|6,000|blossom,nostrudel| ||||| ||||| ||||| ||||| |||||

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@ 9be6a199:6e133301

this is the content

this is an update

@ 8b4456a7:ba913035

Jo, blomster kommer i alle farger og fasonger. Her har du to eksempler:

@ 9be6a199:6e133301

sdsdsd

@ 8b4456a7:ba913035

Skjønner du? Bare tekst.

@ 4ba8e86d:89d32de4

O que é Cwtch? Cwtch (/kʊtʃ/ - uma palavra galesa que pode ser traduzida aproximadamente como “um abraço que cria um lugar seguro”) é um protocolo de mensagens multipartidário descentralizado, que preserva a privacidade, que pode ser usado para construir aplicativos resistentes a metadados.

Como posso pronunciar Cwtch? Como "kutch", para rimar com "butch".

Descentralizado e Aberto : Não existe “serviço Cwtch” ou “rede Cwtch”. Os participantes do Cwtch podem hospedar seus próprios espaços seguros ou emprestar sua infraestrutura para outras pessoas que buscam um espaço seguro. O protocolo Cwtch é aberto e qualquer pessoa é livre para criar bots, serviços e interfaces de usuário e integrar e interagir com o Cwtch.

Preservação de privacidade : toda a comunicação no Cwtch é criptografada de ponta a ponta e ocorre nos serviços cebola Tor v3.

Resistente a metadados : O Cwtch foi projetado de forma que nenhuma informação seja trocada ou disponibilizada a ninguém sem seu consentimento explícito, incluindo mensagens durante a transmissão e metadados de protocolo

Uma breve história do bate-papo resistente a metadados Nos últimos anos, a conscientização pública sobre a necessidade e os benefícios das soluções criptografadas de ponta a ponta aumentou com aplicativos como Signal , Whatsapp e Wire. que agora fornecem aos usuários comunicações seguras.

No entanto, essas ferramentas exigem vários níveis de exposição de metadados para funcionar, e muitos desses metadados podem ser usados ​​para obter detalhes sobre como e por que uma pessoa está usando uma ferramenta para se comunicar.

Uma ferramenta que buscou reduzir metadados é o Ricochet lançado pela primeira vez em 2014. Ricochet usou os serviços cebola Tor v2 para fornecer comunicação criptografada segura de ponta a ponta e para proteger os metadados das comunicações.

Não havia servidores centralizados que auxiliassem no roteamento das conversas do Ricochet. Ninguém além das partes envolvidas em uma conversa poderia saber que tal conversa está ocorrendo.

Ricochet tinha limitações; não havia suporte para vários dispositivos, nem existe um mecanismo para suportar a comunicação em grupo ou para um usuário enviar mensagens enquanto um contato está offline.

Isto tornou a adoção do Ricochet uma proposta difícil; mesmo aqueles em ambientes que seriam melhor atendidos pela resistência aos metadados, sem saber que ela existe.

Além disso, qualquer solução para comunicação descentralizada e resistente a metadados enfrenta problemas fundamentais quando se trata de eficiência, privacidade e segurança de grupo conforme definido pelo consenso e consistência da transcrição.

Alternativas modernas ao Ricochet incluem Briar , Zbay e Ricochet Refresh - cada ferramenta procura otimizar para um conjunto diferente de compensações, por exemplo, Briar procura permitir que as pessoas se comuniquem mesmo quando a infraestrutura de rede subjacente está inoperante, ao mesmo tempo que fornece resistência à vigilância de metadados.

O projeto Cwtch começou em 2017 como um protocolo de extensão para Ricochet, fornecendo conversas em grupo por meio de servidores não confiáveis, com o objetivo de permitir aplicativos descentralizados e resistentes a metadados como listas compartilhadas e quadros de avisos.

Uma versão alfa do Cwtch foi lançada em fevereiro de 2019 e, desde então, a equipe do Cwtch dirigida pela OPEN PRIVACY RESEARCH SOCIETY conduziu pesquisa e desenvolvimento em cwtch e nos protocolos, bibliotecas e espaços de problemas subjacentes.

Modelo de Risco.

Sabe-se que os metadados de comunicações são explorados por vários adversários para minar a segurança dos sistemas, para rastrear vítimas e para realizar análises de redes sociais em grande escala para alimentar a vigilância em massa. As ferramentas resistentes a metadados estão em sua infância e faltam pesquisas sobre a construção e a experiência do usuário de tais ferramentas.

https://nostrcheck.me/media/public/nostrcheck.me_9475702740746681051707662826.webp

O Cwtch foi originalmente concebido como uma extensão do protocolo Ricochet resistente a metadados para suportar comunicações assíncronas de grupos multiponto por meio do uso de infraestrutura anônima, descartável e não confiável.

Desde então, o Cwtch evoluiu para um protocolo próprio. Esta seção descreverá os vários riscos conhecidos que o Cwtch tenta mitigar e será fortemente referenciado no restante do documento ao discutir os vários subcomponentes da Arquitetura Cwtch.

Modelo de ameaça.

É importante identificar e compreender que os metadados são omnipresentes nos protocolos de comunicação; é de facto necessário que tais protocolos funcionem de forma eficiente e em escala. No entanto, as informações que são úteis para facilitar peers e servidores também são altamente relevantes para adversários que desejam explorar tais informações.

Para a definição do nosso problema, assumiremos que o conteúdo de uma comunicação é criptografado de tal forma que um adversário é praticamente incapaz de quebrá-lo veja tapir e cwtch para detalhes sobre a criptografia que usamos, e como tal nos concentraremos em o contexto para os metadados de comunicação.

Procuramos proteger os seguintes contextos de comunicação:

• Quem está envolvido em uma comunicação? Pode ser possível identificar pessoas ou simplesmente identificadores de dispositivos ou redes. Por exemplo, “esta comunicação envolve Alice, uma jornalista, e Bob, um funcionário público”.

• Onde estão os participantes da conversa? Por exemplo, “durante esta comunicação, Alice estava na França e Bob estava no Canadá”.

• Quando ocorreu uma conversa? O momento e a duração da comunicação podem revelar muito sobre a natureza de uma chamada, por exemplo, “Bob, um funcionário público, conversou com Alice ao telefone por uma hora ontem à noite. Esta é a primeira vez que eles se comunicam.” *Como a conversa foi mediada? O fato de uma conversa ter ocorrido por meio de um e-mail criptografado ou não criptografado pode fornecer informações úteis. Por exemplo, “Alice enviou um e-mail criptografado para Bob ontem, enquanto eles normalmente enviam apenas e-mails de texto simples um para o outro”.

• Sobre o que é a conversa? Mesmo que o conteúdo da comunicação seja criptografado, às vezes é possível derivar um contexto provável de uma conversa sem saber exatamente o que é dito, por exemplo, “uma pessoa ligou para uma pizzaria na hora do jantar” ou “alguém ligou para um número conhecido de linha direta de suicídio na hora do jantar”. 3 horas da manhã."

Além das conversas individuais, também procuramos defender-nos contra ataques de correlação de contexto, através dos quais múltiplas conversas são analisadas para obter informações de nível superior:

• Relacionamentos: Descobrir relações sociais entre um par de entidades analisando a frequência e a duração de suas comunicações durante um período de tempo. Por exemplo, Carol e Eve ligam uma para a outra todos os dias durante várias horas seguidas.

• Cliques: Descobrir relações sociais entre um grupo de entidades que interagem entre si. Por exemplo, Alice, Bob e Eva se comunicam entre si.

• Grupos vagamente conectados e indivíduos-ponte: descobrir grupos que se comunicam entre si através de intermediários, analisando cadeias de comunicação (por exemplo, toda vez que Alice fala com Bob, ela fala com Carol quase imediatamente depois; Bob e Carol nunca se comunicam).

• Padrão de Vida: Descobrir quais comunicações são cíclicas e previsíveis. Por exemplo, Alice liga para Eve toda segunda-feira à noite por cerca de uma hora. Ataques Ativos

Ataques de deturpação.

O Cwtch não fornece registro global de nomes de exibição e, como tal, as pessoas que usam o Cwtch são mais vulneráveis ​​a ataques baseados em declarações falsas, ou seja, pessoas que fingem ser outras pessoas:

O fluxo básico de um desses ataques é o seguinte, embora também existam outros fluxos:

•Alice tem um amigo chamado Bob e outro chamado Eve

• Eve descobre que Alice tem um amigo chamado Bob

• Eve cria milhares de novas contas para encontrar uma que tenha uma imagem/chave pública semelhante à de Bob (não será idêntica, mas pode enganar alguém por alguns minutos)

• Eve chama essa nova conta de "Eve New Account" e adiciona Alice como amiga.

• Eve então muda seu nome em "Eve New Account" para "Bob"

• Alice envia mensagens destinadas a "Bob" para a conta falsa de Bob de Eve Como os ataques de declarações falsas são inerentemente uma questão de confiança e verificação, a única maneira absoluta de evitá-los é os usuários validarem absolutamente a chave pública. Obviamente, isso não é o ideal e, em muitos casos, simplesmente não acontecerá .

Como tal, pretendemos fornecer algumas dicas de experiência do usuário na interface do usuário para orientar as pessoas na tomada de decisões sobre confiar em contas e/ou distinguir contas que possam estar tentando se representar como outros usuários.

Uma nota sobre ataques físicos A Cwtch não considera ataques que exijam acesso físico (ou equivalente) à máquina do usuário como praticamente defensáveis. No entanto, no interesse de uma boa engenharia de segurança, ao longo deste documento ainda nos referiremos a ataques ou condições que exigem tal privilégio e indicaremos onde quaisquer mitigações que implementámos falharão.

Um perfil Cwtch.

Os usuários podem criar um ou mais perfis Cwtch. Cada perfil gera um par de chaves ed25519 aleatório compatível com Tor.

Além do material criptográfico, um perfil também contém uma lista de Contatos (outras chaves públicas do perfil Cwtch + dados associados sobre esse perfil, como apelido e (opcionalmente) mensagens históricas), uma lista de Grupos (contendo o material criptográfico do grupo, além de outros dados associados, como apelido do grupo e mensagens históricas).

Conversões entre duas partes: ponto a ponto

https://nostrcheck.me/media/public/nostrcheck.me_2186338207587396891707662879.webp

Para que duas partes participem de uma conversa ponto a ponto, ambas devem estar on-line, mas apenas uma precisa estar acessível por meio do serviço Onion. Por uma questão de clareza, muitas vezes rotulamos uma parte como “ponto de entrada” (aquele que hospeda o serviço cebola) e a outra parte como “ponto de saída” (aquele que se conecta ao serviço cebola).

Após a conexão, ambas as partes adotam um protocolo de autenticação que:

• Afirma que cada parte tem acesso à chave privada associada à sua identidade pública.

• Gera uma chave de sessão efêmera usada para criptografar todas as comunicações futuras durante a sessão.

Esta troca (documentada com mais detalhes no protocolo de autenticação ) é negável offline , ou seja, é possível para qualquer parte falsificar transcrições desta troca de protocolo após o fato e, como tal - após o fato - é impossível provar definitivamente que a troca aconteceu de forma alguma.

Após o protocolo de autenticação, as duas partes podem trocar mensagens livremente.

Conversas em Grupo e Comunicação Ponto a Servidor

Ao iniciar uma conversa em grupo, é gerada uma chave aleatória para o grupo, conhecida como Group Key. Todas as comunicações do grupo são criptografadas usando esta chave. Além disso, o criador do grupo escolhe um servidor Cwtch para hospedar o grupo. Um convite é gerado, incluindo o Group Key, o servidor do grupo e a chave do grupo, para ser enviado aos potenciais membros.

Para enviar uma mensagem ao grupo, um perfil se conecta ao servidor do grupo e criptografa a mensagem usando a Group Key, gerando também uma assinatura sobre o Group ID, o servidor do grupo e a mensagem. Para receber mensagens do grupo, um perfil se conecta ao servidor e baixa as mensagens, tentando descriptografá-las usando a Group Key e verificando a assinatura.

Detalhamento do Ecossistema de Componentes

O Cwtch é composto por várias bibliotecas de componentes menores, cada uma desempenhando um papel específico. Algumas dessas bibliotecas incluem:

• abertoprivacidade/conectividade: Abstração de rede ACN, atualmente suportando apenas Tor.
• cwtch.im/tapir: Biblioteca para construção de aplicativos p2p em sistemas de comunicação anônimos.
• cwtch.im/cwtch: Biblioteca principal para implementação do protocolo/sistema Cwtch.
• cwtch.im/libcwtch-go: Fornece ligações C para Cwtch para uso em implementações de UI.

TAPIR: Uma Visão Detalhada

Projetado para substituir os antigos canais de ricochete baseados em protobuf, o Tapir fornece uma estrutura para a construção de aplicativos anônimos.

Está dividido em várias camadas:

• Identidade - Um par de chaves ed25519, necessário para estabelecer um serviço cebola Tor v3 e usado para manter uma identidade criptográfica consistente para um par.

• Conexões – O protocolo de rede bruto que conecta dois pares. Até agora, as conexões são definidas apenas através do Tor v3 Onion Services.

• Aplicativos - As diversas lógicas que permitem um determinado fluxo de informações em uma conexão. Os exemplos incluem transcrições criptográficas compartilhadas, autenticação, proteção contra spam e serviços baseados em tokens. Os aplicativos fornecem recursos que podem ser referenciados por outros aplicativos para determinar se um determinado peer tem a capacidade de usar um determinado aplicativo hospedado.

• Pilhas de aplicativos - Um mecanismo para conectar mais de um aplicativo, por exemplo, a autenticação depende de uma transcrição criptográfica compartilhada e o aplicativo peer cwtch principal é baseado no aplicativo de autenticação.

Identidade.

Um par de chaves ed25519, necessário para estabelecer um serviço cebola Tor v3 e usado para manter uma identidade criptográfica consistente para um peer.

InitializeIdentity - de um par de chaves conhecido e persistente:i,I

InitializeEphemeralIdentity - de um par de chaves aleatório: ie,Ie

Aplicativos de transcrição.

Inicializa uma transcrição criptográfica baseada em Merlin que pode ser usada como base de protocolos baseados em compromisso de nível superior

O aplicativo de transcrição entrará em pânico se um aplicativo tentar substituir uma transcrição existente por uma nova (aplicando a regra de que uma sessão é baseada em uma e apenas uma transcrição).

Merlin é uma construção de transcrição baseada em STROBE para provas de conhecimento zero. Ele automatiza a transformação Fiat-Shamir, para que, usando Merlin, protocolos não interativos possam ser implementados como se fossem interativos.

Isto é significativamente mais fácil e menos sujeito a erros do que realizar a transformação manualmente e, além disso, também fornece suporte natural para:

• protocolos multi-round com fases alternadas de commit e desafio;

• separação natural de domínios, garantindo que os desafios estejam vinculados às afirmações a serem provadas;

• enquadramento automático de mensagens, evitando codificação ambígua de dados de compromisso;

• e composição do protocolo, usando uma transcrição comum para vários protocolos.

Finalmente, o Merlin também fornece um gerador de números aleatórios baseado em transcrição como defesa profunda contra ataques de entropia ruim (como reutilização de nonce ou preconceito em muitas provas). Este RNG fornece aleatoriedade sintética derivada de toda a transcrição pública, bem como dos dados da testemunha do provador e uma entrada auxiliar de um RNG externo.

Conectividade Cwtch faz uso do Tor Onion Services (v3) para todas as comunicações entre nós.

Fornecemos o pacote openprivacy/connectivity para gerenciar o daemon Tor e configurar e desmontar serviços cebola através do Tor.

Criptografia e armazenamento de perfil.

Os perfis são armazenados localmente no disco e criptografados usando uma chave derivada de uma senha conhecida pelo usuário (via pbkdf2).

Observe que, uma vez criptografado e armazenado em disco, a única maneira de recuperar um perfil é recuperando a senha - como tal, não é possível fornecer uma lista completa de perfis aos quais um usuário pode ter acesso até inserir uma senha.

Perfis não criptografados e a senha padrão Para lidar com perfis "não criptografados" (ou seja, que não exigem senha para serem abertos), atualmente criamos um perfil com uma senha codificada de fato .

Isso não é o ideal, preferiríamos confiar no material de chave fornecido pelo sistema operacional, de modo que o perfil fosse vinculado a um dispositivo específico, mas esses recursos são atualmente uma colcha de retalhos - também notamos, ao criar um perfil não criptografado, pessoas que usam Cwtch estão explicitamente optando pelo risco de que alguém com acesso ao sistema de arquivos possa descriptografar seu perfil.

Vulnerabilidades Relacionadas a Imagens e Entrada de Dados

Imagens Maliciosas

O Cwtch enfrenta desafios na renderização de imagens, com o Flutter utilizando Skia, embora o código subjacente não seja totalmente seguro para a memória.

Realizamos testes de fuzzing nos componentes Cwtch e encontramos um bug de travamento causado por um arquivo GIF malformado, levando a falhas no kernel. Para mitigar isso, adotamos a política de sempre habilitar cacheWidth e/ou cacheHeight máximo para widgets de imagem.

Identificamos o risco de imagens maliciosas serem renderizadas de forma diferente em diferentes plataformas, como evidenciado por um bug no analisador PNG da Apple.

Riscos de Entrada de Dados

Um risco significativo é a interceptação de conteúdo ou metadados por meio de um Input Method Editor (IME) em dispositivos móveis. Mesmo aplicativos IME padrão podem expor dados por meio de sincronização na nuvem, tradução online ou dicionários pessoais.

Implementamos medidas de mitigação, como enableIMEPersonalizedLearning: false no Cwtch 1.2, mas a solução completa requer ações em nível de sistema operacional e é um desafio contínuo para a segurança móvel.

Servidor Cwtch.

O objetivo do protocolo Cwtch é permitir a comunicação em grupo através de infraestrutura não confiável .

Ao contrário dos esquemas baseados em retransmissão, onde os grupos atribuem um líder, um conjunto de líderes ou um servidor confiável de terceiros para garantir que cada membro do grupo possa enviar e receber mensagens em tempo hábil (mesmo que os membros estejam offline) - infraestrutura não confiável tem o objetivo de realizar essas propriedades sem a suposição de confiança.

O artigo original do Cwtch definia um conjunto de propriedades que se esperava que os servidores Cwtch fornecessem:

• O Cwtch Server pode ser usado por vários grupos ou apenas um.

• Um servidor Cwtch, sem a colaboração de um membro do grupo, nunca deve aprender a identidade dos participantes de um grupo.

• Um servidor Cwtch nunca deve aprender o conteúdo de qualquer comunicação.

• Um servidor Cwtch nunca deve ser capaz de distinguir mensagens como pertencentes a um grupo específico. Observamos aqui que essas propriedades são um superconjunto dos objetivos de design das estruturas de Recuperação de Informações Privadas.

Melhorias na Eficiência e Segurança

Eficiência do Protocolo

Atualmente, apenas um protocolo conhecido, o PIR ingênuo, atende às propriedades desejadas para garantir a privacidade na comunicação do grupo Cwtch. Este método tem um impacto direto na eficiência da largura de banda, especialmente para usuários em dispositivos móveis. Em resposta a isso, estamos ativamente desenvolvendo novos protocolos que permitem negociar garantias de privacidade e eficiência de maneiras diversas.

Os servidores, no momento desta escrita, permitem o download completo de todas as mensagens armazenadas, bem como uma solicitação para baixar mensagens específicas a partir de uma determinada mensagem. Quando os pares ingressam em um grupo em um novo servidor, eles baixam todas as mensagens do servidor inicialmente e, posteriormente, apenas as mensagens novas.

Mitigação de Análise de Metadados

Essa abordagem permite uma análise moderada de metadados, pois o servidor pode enviar novas mensagens para cada perfil suspeito exclusivo e usar essas assinaturas de mensagens exclusivas para rastrear sessões ao longo do tempo. Essa preocupação é mitigada por dois fatores:

1. Os perfis podem atualizar suas conexões a qualquer momento, resultando em uma nova sessão do servidor.
2. Os perfis podem ser "ressincronizados" de um servidor a qualquer momento, resultando em uma nova chamada para baixar todas as mensagens. Isso é comumente usado para buscar mensagens antigas de um grupo.

Embora essas medidas imponham limites ao que o servidor pode inferir, ainda não podemos garantir resistência total aos metadados. Para soluções futuras para esse problema, consulte Niwl.

Proteção contra Pares Maliciosos

Os servidores enfrentam o risco de spam gerado por pares, representando uma ameaça significativa à eficácia do sistema Cwtch. Embora tenhamos implementado um mecanismo de proteção contra spam no protótipo do Cwtch, exigindo que os pares realizem alguma prova de trabalho especificada pelo servidor, reconhecemos que essa não é uma solução robusta na presença de um adversário determinado com recursos significativos.

Pacotes de Chaves

Os servidores Cwtch se identificam por meio de pacotes de chaves assinados, contendo uma lista de chaves necessárias para garantir a segurança e resistência aos metadados na comunicação do grupo Cwtch. Esses pacotes de chaves geralmente incluem três chaves: uma chave pública do serviço Tor v3 Onion para o Token Board, uma chave pública do Tor v3 Onion Service para o Token Service e uma chave pública do Privacy Pass.

Para verificar os pacotes de chaves, os perfis que os importam do servidor utilizam o algoritmo trust-on-first-use (TOFU), verificando a assinatura anexada e a existência de todos os tipos de chave. Se o perfil já tiver importado o pacote de chaves do servidor anteriormente, todas as chaves são consideradas iguais.

Configuração prévia do aplicativo para ativar o Relé do Cwtch.

No Android, a hospedagem de servidor não está habilitada, pois essa opção não está disponível devido às limitações dos dispositivos Android. Essa funcionalidade está reservada apenas para servidores hospedados em desktops.

No Android, a única forma direta de importar uma chave de servidor é através do grupo de teste Cwtch, garantindo assim acesso ao servidor Cwtch.

Primeiro passo é Habilitar a opção de grupo no Cwtch que está em fase de testes. Clique na opção no canto superior direito da tela de configuração e pressione o botão para acessar as configurações do Cwtch.

Você pode alterar o idioma para Português do Brasil.Depois, role para baixo e selecione a opção para ativar os experimentos. Em seguida, ative a opção para habilitar o chat em grupo e a pré-visualização de imagens e fotos de perfil, permitindo que você troque sua foto de perfil.

https://pomf2.lain.la/f/eprhj0u3.mp4

Próximo passo é Criar um perfil.

Pressione o + botão de ação no canto inferior direito e selecione "Novo perfil" ou aberta no botão + adicionar novo perfil.

• Selecione um nome de exibição

• Selecione se deseja proteger

este perfil e salvo localmente com criptografia forte: Senha: sua conta está protegida de outras pessoas que possam usar este dispositivo

Sem senha: qualquer pessoa que tenha acesso a este dispositivo poderá acessar este perfil.

Preencha sua senha e digite-a novamente

Os perfis são armazenados localmente no disco e criptografados usando uma chave derivada de uma senha conhecida pelo usuário (via pbkdf2).

Observe que, uma vez criptografado e armazenado em disco, a única maneira de recuperar um perfil é recuperando a chave da senha - como tal, não é possível fornecer uma lista completa de perfis aos quais um usuário pode ter acesso até inserir um senha.

https://pomf2.lain.la/f/7p6jfr9r.mp4

O próximo passo é adicionar o FuzzBot, que é um bot de testes e de desenvolvimento.

Contato do FuzzBot: 4y2hxlxqzautabituedksnh2ulcgm2coqbure6wvfpg4gi2ci25ta5ad.

Ao enviar o comando "testgroup-invite" para o FuzzBot, você receberá um convite para entrar no Grupo Cwtch Test. Ao ingressar no grupo, você será automaticamente conectado ao servidor Cwtch. Você pode optar por sair do grupo a qualquer momento ou ficar para conversar e tirar dúvidas sobre o aplicativo e outros assuntos. Depois, você pode configurar seu próprio servidor Cwtch, o que é altamente recomendável. https://pomf2.lain.la/f/x4pm8hm8.mp4

Agora você pode utilizar o aplicativo normalmente. Algumas observações que notei: se houver demora na conexão com outra pessoa, ambas devem estar online. Se ainda assim a conexão não for estabelecida, basta clicar no ícone de reset do Tor para restabelecer a conexão com a outra pessoa.

Uma introdução aos perfis Cwtch.

Com Cwtch você pode criar um ou mais perfis . Cada perfil gera um par de chaves ed25519 aleatório compatível com a Rede Tor.

Este é o identificador que você pode fornecer às pessoas e que elas podem usar para entrar em contato com você via Cwtch.

Cwtch permite criar e gerenciar vários perfis separados. Cada perfil está associado a um par de chaves diferente que inicia um serviço cebola diferente.

Gerenciar Na inicialização, o Cwtch abrirá a tela Gerenciar Perfis. Nessa tela você pode:

• Crie um novo perfil.
• Desbloquear perfis.
• Criptografados existentes.
• Gerenciar perfis carregados.
• Alterando o nome de exibição de um perfil.
• Alterando a senha de um perfil Excluindo um perfil.
• Alterando uma imagem de perfil.

Backup ou exportação de um perfil.

Na tela de gerenciamento de perfil:

1. Selecione o lápis ao lado do perfil que você deseja editar

2. Role para baixo até a parte inferior da tela.

3. Selecione "Exportar perfil"

4. Escolha um local e um nome de arquivo.

5.confirme.

Uma vez confirmado, o Cwtch colocará uma cópia do perfil no local indicado. Este arquivo é criptografado no mesmo nível do perfil.

Este arquivo pode ser importado para outra instância do Cwtch em qualquer dispositivo.

Importando um perfil.

1. Pressione o +botão de ação no canto inferior direito e selecione "Importar perfil"

2. Selecione um arquivo de perfil Cwtch exportado para importar

3. Digite a senha associada ao perfil e confirme.

Uma vez confirmado, o Cwtch tentará descriptografar o arquivo fornecido usando uma chave derivada da senha fornecida. Se for bem-sucedido, o perfil aparecerá na tela Gerenciamento de perfil e estará pronto para uso.

OBSERVAÇÃO Embora um perfil possa ser importado para vários dispositivos, atualmente apenas uma versão de um perfil pode ser usada em todos os dispositivos ao mesmo tempo. As tentativas de usar o mesmo perfil em vários dispositivos podem resultar em problemas de disponibilidade e falhas de mensagens.

Qual é a diferença entre uma conexão ponto a ponto e um grupo cwtch?

As conexões ponto a ponto Cwtch permitem que 2 pessoas troquem mensagens diretamente. As conexões ponto a ponto nos bastidores usam serviços cebola Tor v3 para fornecer uma conexão criptografada e resistente a metadados. Devido a esta conexão direta, ambas as partes precisam estar online ao mesmo tempo para trocar mensagens.

Os Grupos Cwtch permitem que várias partes participem de uma única conversa usando um servidor não confiável (que pode ser fornecido por terceiros ou auto-hospedado). Os operadores de servidores não conseguem saber quantas pessoas estão em um grupo ou o que está sendo discutido. Se vários grupos estiverem hospedados em um único servidor, o servidor não conseguirá saber quais mensagens pertencem a qual grupo sem a conivência de um membro do grupo. Ao contrário das conversas entre pares, as conversas em grupo podem ser conduzidas de forma assíncrona, para que todos num grupo não precisem estar online ao mesmo tempo.

Por que os grupos cwtch são experimentais? Mensagens em grupo resistentes a metadados ainda são um problema em aberto . Embora a versão que fornecemos no Cwtch Beta seja projetada para ser segura e com metadados privados, ela é bastante ineficiente e pode ser mal utilizada. Como tal, aconselhamos cautela ao usá-lo e apenas o fornecemos como um recurso opcional.

Como posso executar meu próprio servidor Cwtch? A implementação de referência para um servidor Cwtch é de código aberto . Qualquer pessoa pode executar um servidor Cwtch, e qualquer pessoa com uma cópia do pacote de chaves públicas do servidor pode hospedar grupos nesse servidor sem que o operador tenha acesso aos metadados relacionados ao grupo .

https://git.openprivacy.ca/cwtch.im/server

https://docs.openprivacy.ca/cwtch-security-handbook/server.html

Como posso desligar o Cwtch? O painel frontal do aplicativo possui um ícone do botão "Shutdown Cwtch" (com um 'X'). Pressionar este botão irá acionar uma caixa de diálogo e, na confirmação, o Cwtch será desligado e todos os perfis serão descarregados.

Suas doações podem fazer a diferença no projeto Cwtch? O Cwtch é um projeto dedicado a construir aplicativos que preservam a privacidade, oferecendo comunicação de grupo resistente a metadados. Além disso, o projeto também desenvolve o Cofre, formulários da web criptografados para ajudar mútua segura. Suas contribuições apoiam iniciativas importantes, como a divulgação de violações de dados médicos em Vancouver e pesquisas sobre a segurança do voto eletrônico na Suíça. Ao doar, você está ajudando a fechar o ciclo, trabalhando com comunidades marginalizadas para identificar e corrigir lacunas de privacidade. Além disso, o projeto trabalha em soluções inovadoras, como a quebra de segredos através da criptografia de limite para proteger sua privacidade durante passagens de fronteira. E também tem a infraestrutura: toda nossa infraestrutura é open source e sem fins lucrativos. Conheça também o Fuzzytags, uma estrutura criptográfica probabilística para marcação resistente a metadados. Sua doação é crucial para continuar o trabalho em prol da privacidade e segurança online. Contribua agora com sua doação

https://openprivacy.ca/donate/

onde você pode fazer sua doação em bitcoin e outras moedas, e saiba mais sobre os projetos. https://openprivacy.ca/work/

Link sobre Cwtch

https://cwtch.im/

https://git.openprivacy.ca/cwtch.im/cwtch

https://docs.cwtch.im/docs/intro

https://docs.openprivacy.ca/cwtch-security-handbook/

Baixar #CwtchDev

cwtch.im/download/

https://play.google.com/store/apps/details?id=im.cwtch.flwtch

@ d22a8d30:b273f7ab

Jo, blomster kommer i alle farger og fasonger. Her har du to eksempler:

@ d22a8d30:b273f7ab

Skjønner du? Bare tekst.

@ 2b998b04:86727e47

After the pruning came clarity.\ And after the clarity came a quiet but relentless question:\ What now?

If I wasn’t going back to Web3, if I wasn’t going to pretend anymore — not in faith, not in finance — then I needed to start building again. But this time, with different materials. Different rhythms. A different spirit.

Starting Over on Solid Ground

I’d spent years exploring tokens, networks, and well-intentioned communities. But most of it, I see now, was sand. It moved with the tides. The incentives shifted. The values bent. And when the storms came — personal, financial, spiritual — much of what I’d been part of collapsed or exposed its shallowness.

So I returned to the beginning: What can’t be faked?

That’s where Bitcoin came in — not just as an asset, but as a foundation.\ It taught me cost. Time. Truth. It doesn’t market itself. It just is.\ A system that punishes shortcuts, rewards discipline, and invites peace.

And the more I leaned in, the more I realized:\ This isn’t just money. This is philosophy. This is soil.

Pruned to Plant Again

I used to be a buy-and-hold investor. I still carry those instincts. But in 2020–21, I discovered trading — and with it, a new kind of discipline. Not gambling. Not speculation. Stewardship under pressure. Real-time decision-making with skin in the game.

My grandfather, who passed in the late '90s, probably would’ve looked a little dimly on trading. He lived off his dividends. Stocks he held for decades. He wasn’t chasing. He was rooting. But he would’ve respected the discipline — the clarity — when done right.

He also saw things I didn’t. He once told me I wasn’t raised properly. It hurt at the time, but now I understand. He saw the drift — not just in me, but in the culture. He understood that frugality means nothing if it’s not paired with truth.

I think he would’ve respected what I’m doing now — even if he wouldn't have fully understand it.

What I’m Building Now

• StartNation – A Bitcoin-aligned equity accelerator. Proof-based. No tokens. No hype.

• Golden Gate Group Investments – Real estate with a vision to integrate BTC in payments and ownership. Still early. Still real.

• Blue Planet Ventures – Equities trading with daily proof-of-work and sats-based performance tracking.

• A garden – Yes, literal food. Soil and seed. Hypdropnics. Bitcoin taught me patience; gardening reinforces it.

I’m not building a brand. I’m building a life. And I’m doing it in public — not to be seen, but to help others see. That it’s possible to step off the hype rails and still thrive.

Bitcoin: The Turning Point

It wasn’t until last fall that Bitcoin truly became central for me.\ Not just part of a portfolio — the lens through which I see capital, time, and truth.

I don’t see it as speculative anymore. I see it as inevitable. In 20–30 years, I believe Bitcoin will be the de facto reserve currency — even if not in name. Those who hold it will steward wealth not because they played the game, but because they opted out of it early.

I’m stacking not to escape — but to prepare. Not to prove I'm right — but to live rightly.

Legacy Without a Platform

I don’t have children.\ But I do have nieces. Nephews. Brothers. Sisters. Cousins. In-Laws.

And I know they’re watching — even if they don’t say it.\ I want to show them that you can live with truth, walk by faith, work with your hands — and still thrive.

I’m not stacking for applause. I’m stacking for legacy.\ I’m building not just for the next quarter — but for the next generation.

And if someone, years from now, asks why I chose this path, I want to say:

Because it was real.\ Because it was proof.\ Because it was built to last.

---

⚡ If this series has encouraged or challenged you, zap a few sats/bitcoin. It keeps me building.

✍️ Catch up on the full series here:\ \ Part 1: The Drift -> https://primal.net/andrewgstanton/why-i-left-web3-for-proof-of-work-%E2%80%93-part-1%3A-the-drift\ Part 2: The Breaking Point -> https://primal.net/andrewgstanton/why-i-left-web3-for-proof-of-work---part-2%3A-the-breaking-point\ Part 3: The Return -> https://primal.net/andrewgstanton/why-i-left-web3-for-proof-of-work-%E2%80%93-part-3%3A-the-return\ Part 4: Proof Of Work as Philosophy -> https://primal.net/andrewgstanton/why-i-left-web3-for-proof-of-work-%E2%80%93-part-4%3A-proof-of-work-as-philosophy\ Part 5: Building Again (what you are reading now...)

Written with help from ChatGPT (GPT-4), edited and posted by me.

@ 1817b617:715fb372

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

You’re in the right place.

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

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

---

What Is Flash USDT?

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

This makes it:

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

It’s the smartest, safest way to simulate high-value transactions without real crypto.

---

Flash USDT Software – Your Own USDT Flasher at Your Fingertips

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

 Buy Flash USDT Software

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

• Send custom USDT amounts
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• Choose between networks (Tron, ETH, BSC)

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

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---

Why Our Flash USDT & Software Stands Out

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

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---

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---

Legal Notice

These tools are intended for:

• Educational purposes
• Demo environments
• Wallet and UI testing

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

---

Final Call:

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

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

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@ 1afd69c9:53832d1d

Jo, blomster kommer i alle farger og fasonger. Her har du to eksempler:

@ 30b99916:3cc6e3fe

bitcoin #security #vault #veracrypt #powershell

BTCwallet automates running hot and cold storage wallets for multiple Bitcoin wallet applications.

BTCwallet is included with VaultApi and supports Sparrow, Blockstream Green, and just added support for Wasabi wallets.

To launch a wallet application, the command BTCwallet start is executed.

After responding to prompts for launching and initializing the Vault (not shown), the following prompts are presented.

Now the Wasabi GUI application (a.k.a wassabee) is presented.

With the combination of VaultApi and BTCwallet one has a very secure self-hosted password manager along with a very secure way of protecting your Bitcoin wallet's data.

Wasabi Wallet download

Care to follow me on my journey? If so, then check out the following links.

VaultApi

BTCwallet

Download from BTCPAY server

@ 1afd69c9:53832d1d

Skjønner du? Bare tekst.

@ 9be6a199:6e133301

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@ 58537364:705b4b85

อิคิไก (Ikigai) แปลว่า ความหมายของการมีชีวิตอยู่ เหตุผลของการมีชีวิตอยู่ เราเกิดมาเพื่ออะไร ใช้ชีวิตอยู่ไปทำไม เมื่อการงานไม่ใช่สิ่งที่แปลกแยกจากชีวิต

คนญี่ปุ่นเชื่อว่าทุกคนมี ikigai ของตัวเอง ผู้ที่ค้นพบ ikigai จะเจอความหมายและคุณค่าของชีวิต ทำให้มีความสุขกว่า อารมณ์ดีกว่า และมีโลกที่น่าอยู่กว่าด้วย

ปัจจุบัน มีหนังสือเกี่ยวกับอิคิไกออกวางขายเป็นจำนวนมาก แต่เล่มที่คนญี่ปุ่นเป็นคนเขียนเล่มแรกนั้น คือ

• The Little Book of Ikigai : The secret Japanese way to live a happy and long life โดยอาจารย์เคน โมหงิ (แปลภาษาไทยโดย คุณวุฒิชัย กฤษณะประการกิจ)

ตามมาสัมผัสโลกของอิคิไกที่แท้จริงจากนักวิทยาศาสตร์วิจัยด้านสมองชาวญี่ปุ่นคนนี้ ผ่านบทสนทนาที่จะเปลี่ยนความคิดใหม่ที่ว่า 'อิคิไก' เริ่มต้นจากมองหาความสุขเล็กๆ น้อยๆ ในแบบของตัวเราเอง

อาจารย์เคน โมหงิว่า ปู่จิโร่ เชฟซูชิวัย 94 ปี ที่ยังยืนปั้นซูชิให้เราทานอยู่ในทุกวันนี้ เป็นแรงบันดาลใจให้อาจารย์เกิดไอเดียในการเขียนหนังสืออิคิไก

เชฟซูชิที่ ‘ไม่ได้’ เริ่มเลือกงานนี้เพราะความรักหรือความถนัด แต่กลับทุ่มเทปั้นซูชิทุกคำเพื่อให้ลูกค้ามีความสุข… นั่นคือต้นแบบของอิคิไก

น่าแปลกที่คนญี่ปุ่นไม่ค่อยใช้คำว่า ‘อิคิไก’ ในชีวิตประจำวันหรือบทสนทนาทั่วไปเท่าไหร่

เพราะมันเป็นสิ่งที่ปกติและเราทำกันตามธรรมชาติ ในโลกปัจจุบัน เรามักพูดกันว่าทำอย่างไรเราถึงจะประสบความสำเร็จ ทำอย่างไรจะได้เลื่อนตำแหน่ง หากอยากเป็น CEO จะเป็นได้อย่างไร แต่คนญี่ปุ่นมีความคิดว่าความสำเร็จไม่ใช่ทุกอย่างในชีวิต

ยกตัวอย่างเช่นมีคนญี่ปุ่นจำนวนมากที่จริงจังกับงานอดิเรก หรือมี โคดาวาริ* คนอื่นไม่สนหรอกว่างานอดิเรกของคนคนนั้นจะเป็นอะไร ตราบใดที่คนคนนั้นดูมีความสุขดีนั่นก็โอเคแล้ว มีคนจำนวนมากคลั่งไคล้รถไฟ มังงะ (หนังสือการ์ตูน) หรือแอนิเมะ (ภาพยนตร์การ์ตูน) คนเหล่านี้ไม่จำเป็นต้องมีชื่อเสียงหรือได้รับการยอมรับจากสังคม ตราบเท่าที่พวกเขามีความสุขในแบบของเขาเอง มันก็ดีแล้ว

• ความพิถีพิถันใส่ใจในบางเรื่องเป็นพิเศษ เช่น คนที่ชอบเครื่องเขียนมากๆ จะพิถีพิถันในการเลือกปากกา สมุด ดินสอที่ตนเองจะใช้ เพราะฉะนั้น คนที่มีโคดาวาริเหล่านี้จะศึกษาเครื่องเขียนจนถึงที่สุด วิเคราะห์ ทดลอง จนพบว่าเครื่องเขียนแบบใดที่ตนเองหลงใหลที่สุด

อิคิไกของแต่ละคนอาจแตกต่างกัน ต่างคนอาจมีค่านิยมที่ต่างกัน ซึ่งสะท้อนในรูปแบบชีวิตที่แตกต่างกันก็ได้

อิคิไกเป็นเรื่องของความหลากหลายนะ สังคมญี่ปุ่นพยายามผลักดันให้เด็กๆ ทุกคนตามหาอิคิไกของตนเอง เราจะไม่บอกว่า งานนี้เงินดี ทำสิ หรืองานนี้เงินน้อย อย่าไปทำเลย ถ้าคุณถามนักศึกษาว่า พวกเขาอยากทำงานอะไร พวกเขาคงไม่ตอบว่าเลือกทำที่บริษัทนี้เพราะเงินเป็นอันดับแรกหรอก

อิคิไกแตกต่างจากคำว่า ‘ความสำเร็จ’ คนญี่ปุ่นรู้ว่าชีวิตไม่ได้มีแค่เรื่องประสบความสำเร็จ อิคิไกสำคัญกับชีวิตมากกว่า คุณอาจจะประสบความสำเร็จ แต่คุณอาจไม่มีอิคิไก ในทางกลับกัน แม้คุณไม่ประสบความสำเร็จ คุณอาจจะมีอิคิไกก็ได้ ซึ่งชีวิตคุณอาจจะมีความสุขมากกว่า

อาจารย์เคน โมหงินิยามคำว่า ‘ความสำเร็จ’ คือสิ่งที่คุณจะได้รับการยอมรับจากคนในสังคมหรือบริบทสังคมนั้นๆ แต่อิคิไกมาจากหัวใจของคุณ มาจากความสุขส่วนตัวของคุณ คนอื่นอาจจะไม่ได้มองว่านั่นคือความสำเร็จ

อิคิไกเป็นสิ่งที่เฉพาะบุคคล เราสามารถมีความสุขในแบบของเราเอง เราไม่ตัดสินความสุขของคนอื่น และให้เขามีความสุขในแบบของเขาเอง…

สิ่งสำคัญของอิคิไกคือ คุณมีความสุขเล็กๆ น้อยๆ จากเรื่องที่ดูเหมือนเป็นเรื่องเล็กๆ น้อยๆ หรือเปล่า เช่น ตอนเด็กๆ ผมชอบศึกษาเกี่ยวกับผีเสื้อ เวลาผมไปวิ่งออกกำลังกายแล้วเห็นผีเสื้อสวยๆ ผมก็สัมผัสได้ถึงอิคิไก หรือบางทีอาจเกิดขึ้นตอนที่ผมรู้สึกตลกๆ ก็ได้ ผมเห็นเด็กผู้ชายคนหนึ่งบอกพ่อว่า “พ่อๆ ต้องทำอย่างนี้สิ” เวลาผมได้ยินบทสนทนาแบบนี้ ผมก็รู้สึกถึงอิคิไก

หากพวกเราอยากมีอิคิไกบ้าง เราควรเริ่มจากอะไรดี ? เริ่มจากการสัมผัสความสุขจากสิ่งเล็กๆ น้อยๆ ก่อน มันเริ่มทำได้ง่ายที่สุด ในสมองเรามีสารชื่อโดพามีน หากเราทำอะไรสำเร็จเล็กๆ น้อยๆ โดพามีนจะหลั่งออกมา วงจรนั้นจะช่วยทำให้คุณมีความสุข การมีความสุขกับสิ่งเล็กๆ เช่นนี้เป็นเรื่องสำคัญมาก สำหรับหลายคน แนวคิดเรื่องอิคิไกอาจเข้าใจยาก หรือยากสำหรับบางคนที่ชีวิตพวกเขากำลังอยู่ในช่วงยากลำบาก กำลังรู้สึกหมดหวัง ท้อแท้ หรือไม่ได้เคารพตนเอง เพราะฉะนั้น เริ่มจากความสุขเล็กๆ น้อยๆ ก่อนครับ

มันเหมือนการคิดบวกไหม ? อิคิไกเป็นส่วนหนึ่งนะ เวลาเราคิดถึงชีวิต หรือคิดหาวิธีการคิดบวก มันเป็นเรื่องที่ซับซ้อนมาก สำหรับบางคนคำว่า ‘คิดบวก’ อาจฟังดูกดดันสำหรับพวกเขา เพราะฉะนั้น เริ่มจากการมองเห็นความสุขจากสิ่งเล็กๆ น้อยๆ รอบตัว สิ่งเล็กมากๆ เช่นการได้ตื่นมาชงกาแฟดื่ม การได้วิ่งกลางสายฝน

Lesson from Ken Mogi 1. อิคิไก ไม่ใช่การแสวงหาความสำเร็จหรือความร่ำรวย แต่เป็นการรู้สึกหรือสัมผัสถึงความสุขในชีวิตของตนเอง จนทำให้เราเห็นความหมายของชีวิตเราในแบบของเรา 2. อิคิไกไม่ใช่สิ่งที่สังคมนิยามหรือโลกให้ความสำคัญ แต่ละคนมีอิคิไกที่แตกต่างกัน และมีความสุขกับชีวิตในแบบของตนเอง ที่เราเลือกเอง 3. เราไม่ควรตัดสินคนอื่นหรือบีบบังคับคนอื่น เช่น ลูก แฟน ให้ใช้ชีวิตในแบบที่เราคิดว่าใช่ แต่เราควรเคารพความหลากหลายนั้น 4. มองคนที่มีอิคิไกหรือกำลังสนุกกับสิ่งที่พวกเขารักด้วยรอยยิ้ม และคอยช่วยเหลือหากพวกเขาลำบาก 5. อิคิไกมีทั้งระดับใหญ่ ซึ่งเกี่ยวกับแนวทางชีวิตหรือคุณค่าของงาน และอิคิไกระดับเล็กคือการสัมผัสความสุขเล็กๆ น้อยๆ ที่พบเห็นได้ในชีวิตประจำวัน 6. อิคิไก เริ่มต้นจากมองหาความสุขเล็กๆ น้อยๆ ในวันนี้

ที่มา : จากคอลัมน์ Cloud of Thoughts บทสัมภาษณ์ของอ.เกตุวดี Marumura พาไปคุยกับอาจารย์เคน โมหงิ ผู้เขียนหนังสืออิคิไกเล่มแรก!

@ 9be6a199:6e133301

@ 3f770d65:7a745b24

🏌️ Monday, May 26 – Bitcoin Golf Championship & Kickoff Party

Location: Las Vegas, Nevada\ Event: 2nd Annual Bitcoin Golf Championship & Kick Off Party"\ Where: Bali Hai Golf Clubhouse, 5160 S Las Vegas Blvd, Las Vegas, NV 89119\ 🎟️ Get Tickets!

Details:

• The week tees off in style with the Bitcoin Golf Championship. Swing clubs by day and swing to music by night.

• Live performances from Nostr-powered acts courtesy of Tunestr, including Ainsley Costello and others.

• Stop by the Purple Pill Booth hosted by Derek and Tanja, who will be on-boarding golfers and attendees to the decentralized social future with Nostr.

---

💬 May 27–29 – Bitcoin 2025 Conference at the Las Vegas Convention Center

Location: The Venetian Resort\ Main Attraction for Nostr Fans: The Nostr Lounge\ When: All day, Tuesday through Thursday\ Where: Right outside the Open Source Stage\ 🎟️ Get Tickets!

Come chill at the Nostr Lounge, your home base for all things decentralized social. With seating for \~50, comfy couches, high-tops, and good vibes, it’s the perfect space to meet developers, community leaders, and curious newcomers building the future of censorship-resistant communication.

Bonus: Right across the aisle, you’ll find Shopstr, a decentralized marketplace app built on Nostr. Stop by their booth to explore how peer-to-peer commerce works in a truly open ecosystem.

Daily Highlights at the Lounge:

• ☕️ Hang out casually or sit down for a deeper conversation about the Nostr protocol

• 🔧 1:1 demos from app teams

• 🛍️ Merch available onsite

• 🧠 Impromptu lightning talks

• 🎤 Scheduled Meetups (details below)

---

🎯 Nostr Lounge Meetups

Wednesday, May 28 @ 1:00 PM

• Damus Meetup: Come meet the team behind Damus, the OG Nostr app for iOS that helped kickstart the social revolution. They'll also be showcasing their new cross-platform app, Notedeck, designed for a more unified Nostr experience across devices. Grab some merch, get a demo, and connect directly with the developers.

Thursday, May 29 @ 1:00 PM

• Primal Meetup: Dive into Primal, the slickest Nostr experience available on web, Android, and iOS. With a built-in wallet, zapping your favorite creators and friends has never been easier. The team will be on-site for hands-on demos, Q\&A, merch giveaways, and deeper discussions on building the social layer of Bitcoin.

---

🎙️ Nostr Talks at Bitcoin 2025

If you want to hear from the minds building decentralized social, make sure you attend these two official conference sessions:

1. FROSTR Workshop: Multisig Nostr Signing

• 🕚 Time: 11:30 AM – 12:00 PM

• 📅 Date: Wednesday, May 28

• 📍 Location: Developer Zone

• 🎤 Speaker: nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs9etjgzjglwlaxdhsveq0qksxyh6xpdpn8ajh69ruetrug957r3qf4ggfm (Austin Kelsay) @ Voltage\ A deep-dive into FROST-based multisig key management for Nostr. Geared toward devs and power users interested in key security.

2. Panel: Decentralizing Social Media

• 🕑 Time: 2:00 PM – 2:30 PM

• 📅 Date: Thursday, May 29

• 📍 Location: Genesis Stage

• 🎙️ Moderator: nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqy08wumn8ghj7mn0wd68yttjv4kxz7fwv3jhyettwfhhxuewd4jsqgxnqajr23msx5malhhcz8paa2t0r70gfjpyncsqx56ztyj2nyyvlq00heps - Bitcoin Strategy @ Roxom TV

• 👥 Speakers:

• nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsy2ga7trfetvd3j65m3jptqw9k39wtq2mg85xz2w542p5dhg06e5qmhlpep – Early Bitcoin dev, CEO @ Sirius Business Ltd

• nostr:nprofile1qy2hwumn8ghj7mn0wd68ytndv9kxjm3wdahxcqg5waehxw309ahx7um5wfekzarkvyhxuet5qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncdhu7e3 – Analyst & Partner @ Ego Death Capital

Get the big-picture perspective on why decentralized social matters and how Nostr fits into the future of digital communication.

---

🌃 NOS VEGAS Meetup & Afterparty

Date: Wednesday, May 28\ Time: 7:00 PM – 1:00 AM\ Location: We All Scream Nightclub, 517 Fremont St., Las Vegas, NV 89101\ 🎟️ Get Tickets!

What to Expect:

• 🎶 Live Music Stage – Featuring Ainsley Costello, Sara Jade, Able James, Martin Groom, Bobby Shell, Jessie Lark, and other V4V artists

• 🪩 DJ Party Deck – With sets by nostr:nprofile1qy0hwumn8ghj7cmgdae82uewd45kketyd9kxwetj9e3k7mf6xs6rgqgcwaehxw309ahx7um5wgh85mm694ek2unk9ehhyecqyq7hpmq75krx2zsywntgtpz5yzwjyg2c7sreardcqmcp0m67xrnkwylzzk4 , nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgkwaehxw309anx2etywvhxummnw3ezucnpdejqqg967faye3x6fxgnul77ej23l5aew8yj0x2e4a3tq2mkrgzrcvecfsk8xlu3 , and more DJs throwing down

• 🛰️ Live-streamed via Tunestr

• 🧠 Nostr Education – Talks by nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq37amnwvaz7tmwdaehgu3dwfjkccte9ejx2un9ddex7umn9ekk2tcqyqlhwrt96wnkf2w9edgr4cfruchvwkv26q6asdhz4qg08pm6w3djg3c8m4j , nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqg7waehxw309anx2etywvhxummnw3ezucnpdejz7ur0wp6kcctjqqspywh6ulgc0w3k6mwum97m7jkvtxh0lcjr77p9jtlc7f0d27wlxpslwvhau , nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3vamnwvaz7tmwdaehgu3wd33xgetk9en82m30qqsgqke57uygxl0m8elstq26c4mq2erz3dvdtgxwswwvhdh0xcs04sc4u9p7d , nostr:nprofile1q9z8wumn8ghj7erzx3jkvmmzw4eny6tvw368wdt8da4kxamrdvek76mrwg6rwdngw94k67t3v36k77tev3kx7vn2xa5kjem9dp4hjepwd3hkxctvqyg8wumn8ghj7mn0wd68ytnhd9hx2qpqyaul8k059377u9lsu67de7y637w4jtgeuwcmh5n7788l6xnlnrgssuy4zk , nostr:nprofile1qy28wue69uhnzvpwxqhrqt33xgmn5dfsx5cqz9thwden5te0v4jx2m3wdehhxarj9ekxzmnyqqswavgevxe9gs43vwylumr7h656mu9vxmw4j6qkafc3nefphzpph8ssvcgf8 , and more.

• 🧾 Vendors & Project Booths – Explore new tools and services

• 🔐 Onboarding Stations – Learn how to use Nostr hands-on

• 🐦 Nostrich Flocking – Meet your favorite nyms IRL

• 🍸 Three Full Bars – Two floors of socializing overlooking vibrant Fremont Street

| | | | | ----------- | -------------------- | ------------------- | | Time | Name | Topic | | 7:30-7:50 | Derek | Nostr for Beginners | | 8:00-8:20 | Mark & Paul | Primal | | 8:30-8:50 | Terry | Damus | | 9:00-9:20 | OpenMike and Ainsley | V4V | | 09:30-09:50 | The Space | Space |

This is the after-party of the year for those who love freedom technology and decentralized social community. Don’t miss it.

---

Final Thoughts

Whether you're there to learn, network, party, or build, Bitcoin 2025 in Las Vegas has a packed week of Nostr-friendly programming. Be sure to catch all the events, visit the Nostr Lounge, and experience the growing decentralized social revolution.

🟣 Find us. Flock with us. Purple pill someone.

@ da8b7de1:c0164aee

Németország feladja a nukleáris energiával szembeni ellenállását Franciaországgal való közeledés jegyében

Németország hosszú idő után feladta a nukleáris energiával szembeni ellenállását, ami jelentős lépést jelenthet az EU energiapolitikai vitáinak rendezésében, különösen Franciaországgal szemben. Ez a változás eltávolíthatja a nukleáris energiával szembeni előítéleteket az uniós jogszabályokból, és elősegítheti a közös európai energiapolitika kialakítását[2].

Trump adminisztráció tervezett rendeletei a nukleáris erőművek építésének gyorsítására

Az Egyesült Államokban a Trump-adminisztráció több elnöki rendelet-tervezetet készít elő, amelyek célja a nukleáris erőművek építésének gyorsítása. A tervek szerint a jelenlegi mintegy 100 GW nukleáris kapacitást 2050-re 400 GW-ra növelnék, az engedélyezési folyamatok egyszerűsítésével, a hadsereg szerepének növelésével és a nukleáris üzemanyag-ellátás megerősítésével[3][9].

Tajvan hivatalosan is nukleárismentes lett

1. május 17-én Tajvan utolsó kereskedelmi reaktorát is leállították, ezzel az ország elérte a "nukleárismentes haza" célját. Az energiamixben a nukleáris energia aránya 17%-ról 3%-ra csökkent, miközben a megújuló energia tízszeresére nőtt. Bár a parlamentben vita folyik a Maanshan atomerőmű élettartam-hosszabbításáról, jelenleg Tajvan teljesen leállította a nukleáris energiatermelést[1][6].

Kazatomprom hitelmegállapodást kötött egy új kénsavgyár finanszírozására

Kazahsztán állami atomipari vállalata, a Kazatomprom hitelmegállapodást kötött egy évi 800 000 tonna kapacitású kénsavgyár építésére. A kénsavat az uránkitermeléshez használják, és a gyár 2027 első negyedévében készülhet el. A projekt célja a régió gazdasági fejlődésének támogatása és az uránipar ellátásbiztonságának javítása[4].

Az IAEA segíti Kazahsztánt az első atomerőmű biztonságos helyszínének kiválasztásában

Az IAEA (Nemzetközi Atomenergia-ügynökség) szakértői csapata ötnapos szemináriumot tart Kazahsztánban, hogy segítsen kiválasztani az ország első atomerőművének legbiztonságosabb helyszínét. A folyamatban több helyszín is szóba került, jelenleg a Zhambyl körzet az elsődleges jelölt. A projektben négy lehetséges technológiai partner vesz részt: CNNC (Kína), Roszatom (Oroszország), KHNP (Dél-Korea) és EDF (Franciaország)[8].

India új nukleáris helyszínt hagyott jóvá

Az indiai nukleáris hatóság engedélyezte a Mahi Banswara Rajasthan Atomic Power Project négy blokkjának elhelyezését Rádzsasztán államban. Ez újabb lépés India ambiciózus nukleáris bővítési terveiben[5].

Globális nukleáris ipari konferencia Varsóban

1. május 20-21-én Varsóban rendezik meg az első World Nuclear Supply Chain Conference-t, amely célja a globális nukleáris ellátási lánc megerősítése és a szektor 2 billió dolláros beruházási lehetőségének kiaknázása a következő 15 évben. A konferencián iparági vezetők, döntéshozók és szakértők vesznek részt[7].

---

Hivatkozások

• [1] reccessary.com – Tajvan nukleárismentes lett
• [2] nucnet.org – Németország nukleáris politikai fordulata
• [3] humanprogress.org – Trump rendelettervezetek
• [4] world-nuclear-news.org – Kazatomprom kénsavgyár
• [5] world-nuclear-news.org – India új nukleáris helyszíne
• [6] taiwannews.com.tw – Tajvan atomerőmű leállítása
• [7] world-nuclear.org – Varsói nukleáris konferencia
• [8] astanatimes.com – IAEA-Kazahsztán együttműködés
• [9] esgdive.com – Oklo és Trump engedélyezési reformok

@ a8d1560d:3fec7a08

NIP-XX

Documentation and Wikis with Spaces and Format Declaration

draft optional

Summary

This NIP introduces a system for collaborative documentation and wikis on Nostr. It improves upon earlier efforts by adding namespace-like Spaces, explicit content format declaration, and clearer separation of article types, including redirects and merge requests.

---

Motivation

Previous approaches to wiki-style collaborative content on Nostr had two key limitations:

1. Format instability – No declared format per event led to breaking changes (e.g. a shift from Markdown to Asciidoc).
2. Lack of namespace separation – All articles existed in a global space, causing confusion and collision between unrelated projects.

This NIP addresses both by introducing:

• Spaces – individually defined wikis or documentation sets.
• Explicit per-article format declaration.
• Dedicated event kinds for articles, redirects, merge requests, and space metadata.

---

Specification

kind: 31055 – Space Definition

Defines a project namespace for articles.

Tags: - ["name", "<space title>"] - ["slug", "<short identifier>"] - ["description", "<optional description>"] - ["language", "<ISO language code>"] - ["license", "<license text or SPDX ID>"]

Content: (optional) full description or README for the space.

---

kind: 31056 – Article

An article in a specific format belonging to a defined space.

Tags: - ["space", "<slug>"] - ["title", "<article title>"] - ["format", "markdown" | "asciidoc" | "mediawiki" | "html"] - ["format-version", "<format version>"] (optional) - ["prev", "<event-id>"] (optional) - ["summary", "<short change summary>"] (optional)

Content: full body of the article in the declared format.

---

kind: 31057 – Redirect

Redirects from one article title to another within the same space.

Tags: - ["space", "<slug>"] - ["from", "<old title>"] - ["to", "<new title>"]

Content: empty.

---

kind: 31058 – Merge Request

Proposes a revision to an article without directly altering the original.

Tags: - ["space", "<slug>"] - ["title", "<article title>"] - ["base", "<event-id>"] - ["format", "<format>"] - ["comment", "<short summary>"] (optional)

Content: proposed article content.

---

Format Guidelines

Currently allowed formats: - markdown - asciidoc - mediawiki - html

Clients MUST ignore formats they do not support. Clients MAY apply stricter formatting rules.

---

Client Behavior

Clients: - MUST render only supported formats. - MUST treat space as a case-sensitive namespace. - SHOULD allow filtering, browsing and searching within Spaces. - SHOULD support revision tracking via prev. - MAY support diff/merge tooling for kind: 31058.

---

Examples

Space Definition

json { "kind": 31055, "tags": [ ["name", "Bitcoin Docs"], ["slug", "btc-docs"], ["description", "Developer documentation for Bitcoin tools"], ["language", "en"], ["license", "MIT"] ], "content": "Welcome to the Bitcoin Docs Space." }

Markdown Article

json { "kind": 31056, "tags": [ ["space", "btc-docs"], ["title", "Installation Guide"], ["format", "markdown"] ], "content": "# Installation\n\nFollow these steps to install the software..." }

Asciidoc Article

json { "kind": 31056, "tags": [ ["space", "btc-docs"], ["title", "RPC Reference"], ["format", "asciidoc"] ], "content": "= RPC Reference\n\nThis section describes JSON-RPC calls." }

MediaWiki Article

json { "kind": 31056, "tags": [ ["space", "btc-docs"], ["title", "Block Structure"], ["format", "mediawiki"] ], "content": "== Block Structure ==\n\nThe structure of a Bitcoin block is..." }

Redirect

json { "kind": 31057, "tags": [ ["space", "btc-docs"], ["from", "Getting Started"], ["to", "Installation Guide"] ], "content": "" }

Merge Request

json { "kind": 31058, "tags": [ ["space", "btc-docs"], ["title", "Installation Guide"], ["base", "d72fa1..."], ["format", "markdown"], ["comment", "Added step for testnet"] ], "content": "# Installation\n\nNow includes setup instructions for testnet users." }

---

Acknowledgements

This proposal builds on earlier ideas for decentralized wikis and documentation within Nostr, while solving common issues related to format instability and lack of project separation.

@ 9be6a199:6e133301

this is the content

@ 57d1a264:69f1fee1

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

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

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

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

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

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

https://stacker.news/items/984361

@ 57d1a264:69f1fee1

Digital Psychology ↗

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

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

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

View them all at https://socialproofexamples.com/

https://stacker.news/items/984357

@ 9be6a199:6e133301

this is the content

@ 3f68dede:779bb81d

@ 3f68dede:779bb81d

@ 502ab02a:a2860397

พอพูดถึงบริษัทอย่าง Formo ที่ทำชีสโดยไม่ใช้วัวเลย คนส่วนใหญ่จะนึกถึงคำว่า “นวัตกรรม” “ยั่งยืน” “ลดโลกร้อน” กันเป็นด่านแรก แต่พอเฮียมองทะลุม่านควันพวกนี้ไป จะเห็นทุนรายใหญ่ที่หนุนหลังอยู่ ซึ่งหลายเจ้าก็ไม่ใช่ผู้พิทักษ์โลก แต่เป็นผู้เล่นตัวจี๊ดในอุตสาหกรรมอาหารโลกมายาวนาน

หนึ่งในนั้นคือบริษัทจากเกาหลีใต้ชื่อ CJ CheilJedang ซึ่งอาจฟังดูไกลตัว แต่จริงๆ แล้ว เฮียว่าชื่อนี้โผล่ตามซองอาหารสำเร็จรูปในครัวคนไทยหลายบ้านโดยไม่รู้ตัว

ถ้าจะเข้าใจ Formo ให้ถึงแก่น เราต้องมองไปถึงทุนที่ “ใส่เงิน” และ “ใส่จุดยืน” ลงไปในบริษัทนั้น และหนึ่งในผู้ถือหุ้นรายสำคัญก็คือ CJ CheilJedang บริษัทเกาหลีใต้ที่ก่อตั้งมาตั้งแต่ปี 1953 โดยเริ่มจากการเป็นโรงงานผลิตน้ำตาล จากนั้นก็กินรวบแทบทุกวงจรอาหารของเกาหลี

โปรไฟล์ CJ แค่เห็นภาพรวมก็ขนลุกแล้วครับ ลูกพี่เราแข็งแกร่งขนาดไหน - เป็นเจ้าของแบรนด์ Bibigo ที่เราอาจจะคุ้นในสินค้า กิมจิ และ CJ Foods ที่มีขายทั่วโลก -เป็นผู้ผลิต กรดอะมิโน รายใหญ่ของโลก เช่น ไลซีน, ทรีโอนีน, ทริปโตแฟน ที่ใช้เป็นวัตถุดิบในอาหารสัตว์ แต่ตอนนี้หลายบริษัทเอาไปใส่ใน Plant-based food แล้วเคลมว่าเป็นโปรตีนสมบูรณ์ -เป็นเจ้าของโรงงานผลิต แบคทีเรียสายพันธุ์พิเศษ สำหรับการหมักหลายประเภท -ขึ้นชื่อเรื่อง bioscience โดยเฉพาะ precision fermentation ซึ่งเป็นเทคโนโลยีเดียวกับที่ Formo ใช้ผลิตเคซีน (โปรตีนในนมวัว)

แปลว่า CJ ไม่ได้มาลงทุนใน Formo แบบ “หวังผลกำไรเฉยๆ” แต่เขามองเห็น “อนาคตใหม่ของอาหาร” ที่ตัวเองจะเป็นเจ้าของต้นน้ำยันปลายน้ำ

คำถามก็คือเบื้องลึกการลงทุนใน Formo ใครได้อะไร? Formo ปิดรอบระดมทุน Series A ได้ประมาณ 50 ล้านดอลลาร์สหรัฐ เมื่อปี 2021 โดยมีนักลงทุนหลายเจ้า เช่น EQT Ventures, Elevat3 Capital, Atomico แต่ CJ CheilJedang ก็เป็นหนึ่งในผู้ลงทุนเชิงกลยุทธ์ (strategic investor) ที่เข้ามาแบบไม่ใช่แค่ลงเงิน แต่เอา เทคโนโลยี + เครือข่ายโรงงาน + ซัพพลายเชนระดับโลก มาเสริมให้ Formo ขยายได้เร็วขึ้น

การจับมือกันครั้งนี้มีนัยยะสำคัญครับ -Formo ได้ เทคโนโลยีหมักจุลินทรีย์ (ที่ CJ ถนัดมาก) และช่องทางกระจายสินค้าในเอเชีย -CJ ได้ ถือหุ้นในบริษัทที่กำลังจะเปลี่ยนภาพ “ผลิตภัณฑ์จากนม” ให้กลายเป็นสิ่งที่ไม่ต้องมีสัตว์อีกต่อไป ซึ่งจะเป็นกลยุทธ์สำคัญในการสร้างแบรนด์อาหารแห่งอนาคต ที่นมจะต้องมาจากโรงงานผลิตเท่านั้นจึงจะมีคุณสมบัติที่ดีทั้งสารอาหารและความสะอาด

CJ เองก็เคยประกาศต่อสื่อว่า อยากเป็น “Global Lifestyle Company” ซึ่งฟังดูเบาๆ แต่จริงๆ คือแผนใหญ่ในการ เปลี่ยนวิธีการกินของคนทั้งโลกได้เลยเช่นกัน -จาก “อาหารจริง” ไปเป็น “อาหารสังเคราะห์” (synthetic food) -จาก “ฟาร์มสัตว์” ไปเป็น “ถังหมักจุลินทรีย์” -จาก “ความหลากหลายตามธรรมชาติ” ไปเป็น “สูตรกลาง” ที่ควบคุมได้ในระดับโมเลกุล

การหนุนหลัง Formo จึงไม่ใช่เรื่องบังเอิญ แต่เป็นอีกหนึ่งหมากในกระดานใหญ่ที่ CJ วางไว้ เพื่อเป็นเจ้าของอาหารอนาคตแบบไม่ต้องเลี้ยงหมู ไก่ วัว แต่ครองเทคโนโลยีแทน

คำถามคือแล้วผู้บริโภคจะรู้ทันไหมว่า เบื้องหลังชีสที่ไม่มีวัว อาจมี “ทุนที่อยากครองโลกอาหาร” คำที่เคลมว่า “ยั่งยืน” อาจสร้างระบบอาหารใหม่ที่ยิ่งห่างจากธรรมชาติเข้าไปทุกที

คนที่เคย “กลัวสารเคมี” ในอาหารแปรรูป กลับกลืนผลิตภัณฑ์จากห้องแล็บ โดยคิดว่า “มันคือความสะอาดและอนาคต” #pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

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testee

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https://curtlink.com/user/login powerdigital f1950610#@

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testing

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enter in leaders group https://chat.whatsapp.com/EhI9fGsMbGPHd2cF5KQwC9

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teste

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It's my first post

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Keys and Religion

Mixing

Normally, I'm not a fan mixing and comparing bitcoinesque things and religion. It's too banal and trite, too easy: the religion of Bitcoin, the allusion of Satoshi the savior, the "Book of Satoshi," even the "Genesis" block. But, today, I'll break my own rule.

Yesterday, I heard a Christian pastor speak of the "keys of the kingdom." My feeling is that, were you to ask the average Christian, "What is the key, or keys, to the kingdom?", and perhaps I'm wrong on this, but I think they'd answer, "Prayer." I've heard it many times, "Prayer is the key to the kingdom." It's an easy mantra to remember. And, prayer is important for a Christian, no question about it. However, Biblically, the phrase "keys of the kingdom" refers to something else.

As the pastor pointed out yesterday, Biblically there are two keys: the binding key and the loosing key. This refers to Matthew 16:19 where Jesus says:

I will give you the keys of the kingdom of heaven; whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven. Matthew 16:19 (NIV)

For context, back up a few verses. This statement above was made in a conversation between Jesus and his disciple Simon Peter.

15 Jesus asked, “But what about you?” he asked. “Who do you say I am?” 16 Simon Peter answered, “You are the Messiah, the Son of the living God.” 17 Jesus replied, “Blessed are you, Simon son of Jonah, for this was not revealed to you by flesh and blood, but by my Father in heaven. 18 And I tell you that you are Peter, and on this rock I will build my church, and the gates of Hades will not overcome it.

Although brief, this is a deep and rich exchange. Traditionally, this has been viewed as the moment that Christ instituted the Christian church, the passing of power and authority to the early church itself. There has been confusion over it too, particularly the "...on this rock I will build my church..." part of it. Jesus was referring to Simon Peter's statement of faith (...for this was not revealed to you by flesh and blood...) with the "this" being what Peter had just said, "You are the Messiah, the Son of the living God." The church would be built upon the rock of faith in Jesus as the Messiah.

The early Christian church thus established, Jesus instituted what's come to be called the "office of the keys." That is, Jesus grants authority to his "appointees" in the church to carry out his authority. In more practical terms, this is referring to those who have been called into church service, normally priests, to forgive or not forgive sins. When a priest or pastor forgives, or not, it is not that he is doing it by his own right or power. That priest is, after all, yet another sinful man as well. Instead, the priest forgives by Christ's authority which was handed down by Jesus himself in those words to Peter.

To use an analogy, suppose a general had to make a decision about foot soldiers on the front line, waiting there in the trenches. Due to some time constraint, a decision for action was needed imminently. However, suppose the general lacked some bit of information that could only be obtained at the front. So, the general wrote up a communique to the lieutenant stationed at the front saying, "You assess the situation, and you make the call, charge or pull back. I'll support your decision." A courier ran to the front, relayed the message to the lieutenant, and the lieutenant assessed and made the decision. Ultimately, even thought the lieutenant made the decision, the authority behind the decision lay with the general who had transferred his authority to the lieutenant.

This authority or office of the keys is mirrored in John 20:22-23, when the resurrected Jesus appears to his disciples and says, "If you forgive anyone’s sins, their sins are forgiven; if you do not forgive them, they are not forgiven.”

Going just one step further, recall there are two keys involved, binding and loosing, and there are two places involved, earth and heaven. Usually, priests and pastors are "in the business" of forgiving. Penitence or confession, when real, is forgiven. The priest has the authority to forgive, or "loose" the sinner from his wrongdoings here on earth. And, that forgiveness applies to heaven as well, the sin is atoned and reconciled with God.

But, what about when the person is unrepentant, unbothered by what is Biblically sinful, refuses to change his ways, and rather chooses to continue in sinful ways? The "binding" key says that the priest or appointed church leader can hold that person accountable, can bind that person to the sin and separation from God. Normally, we hear of "excommunication" from the church which is formally stating that a person is outside of the church body. The binding keys still bind, both on earth as being outside of the church and in heaven as being separated from God.

And bitcoin?

That's a lot of religion, and heavy religion at that. The question is, what does this have to do with bitcoin?

Keys.

Namely, this is about public and private keys. Loosing and binding keys. A bit more religion, then I'll get back to bitcoin.

Yesterday, the pastor spoke briefly about binding and loosing keys, and this where my thoughts about keys somehow morphed over into bitcoin. For some reason, I pictured Herod's Temple. There had been Solomon's temple, which was destroyed, and then there was Herod's which was known for its beauty and was the one during Jesus's time. But, let's recall the background on this...

The book of Exodus, and others in the Old Testament, outline in detail God's plan for the tabernacle (a traveling tent) and for the temple in Jerusalem.

The tabernacle, overhead diagram. Image source: https://en.wikipedia.org/wiki/Tabernacle

You might recall the "history" lesson in Raiders of the Lost Ark. With the tabernacle and temple, one of the purposes was to house the ark of the covenant. Remember that the ark was the golden box that the Israelites carried around containing Moses's stone tablets with the Ten Commandments, some manna, and Aaron's staff. It held great power, God's power, and God literally met and spoke with the Levite priests hovering over the cherubim's wings.

The ark of the covenant. Image source: https://en.wikipedia.org/wiki/Ark_of_the_Covenant

In the tabernacle and temple, the "Holy of Holies" was a room, separated by a heavy curtain. It was off limits to all because it was, well, holy of holies. A heavy curtain divided the Holy of Holies, or the "Most Holy Place", from the less-holy, "Holy Place."

Once a year, on the Day of Atonement, one person, the chief priest, was allowed to walk into the Holy of Holies. He would sprinkle the blood of a sacrificed animal onto the ark. This was done for the forgiveness of the people's sins. Although this was pre-Jesus's words, this was using the loosing keys and was loosing sin.

This was serious business and was taken seriously. For instance, the priests Nadab and Abihu improperly performed their sacrificial duties, they messed up the procedure, and were consumed by fire. Priesthood was a dangerous occupation, one slip up and you were scorched.

The second temple, "Herod's Temple". Image source: https://en.wikipedia.org/wiki/Second_Temple

Back to keys...

Yesterday, for some reason when I heard about binding and loosing keys, I imagined the chief priest standing in front of the curtain. I imagined him taking a deep breath, collecting his thoughts, getting ready to go in. It had to be intimidating.

As he stood there, in my mind, he and everyone else was shut out. The Most Holy Place was bound and locked. Walking in meant getting scorched (again, the end of Raiders of the Lost Ark). Yet, that priest had the loosing key. He had, first, permission as chief priest to enter on the Day of Atonement, secondly, he had the sacrificial blood to loose sins. Although the binding key had locked the Holy of Holies and thus bound the sins of the people, the loosing key was about to loose their sins.

Cryptographic keys

And back to bitcoin...

Bitcoin, and cryptography in general, operate on public and private keys. Any flavor of "cryptocurrency", or even Nostr, has public and private keys. In a way, these are binding and loosing keys.

Say you have 1.0 BTC (that's 100,000,000 sats 😀). That BTC exists as a UTXO which can be seen by anyone viewing your public address. In this way, your bitcoin public key is your binding key...that UTXO, that bitcoin, is bound to your public key...it is locked in place behind that heavy curtain. It will be there forever, unless there is an intervention...

You also have your private key, your loosing key. You can apply your private key to loose that UTXO, that bitcoin, and to send it along to wherever.

This is like law and gospel: sin is binding, however Jesus frees it. A bitcoin UTXO is bound until a private key looses it.

Nostr offers a somewhat similar illustration. You have an npub publicly and and nsec secretly or privately. If you were to write a note, your private nsec is needed as a loosing key to free that message, to broadcast it to the world. Once broadcast, it can be seen by all, however it is still inextricably bound or tied to your public key (your npub). Your npub is your binding key and your message is bound to it.

Summed

I'm not sure this binding and loosing keys in religion, and public and private keys in cryptography is the best comparison in the world. It's probably a terrible comparison. But, this is what came to my mind yesterday.

And, so, the mixing of religion and bitcoin is now officially over.

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タイトルは釣りです。そんなこと微塵も思っていません。 本稿はアウトボックスモデルの実装に関してうだうだ考えるコーナーです。 ダムスに関して何か言いたいわけではないので先にタイトル回収しておきます。

• NIP-65を守る気なんかさらさら無いのにNIP-65に書いてあるkind:10002のReadリレーの意味を知っていながら全然違う使い方をしているのは一部の和製クライアントの方だよね
• NIP-65を守る気が無いならkind:10002を使うべきではなく、独自仕様でリレーを保存するべきだよね
• アウトボックスモデルを採用しているクライアントからすれば仕様と異なる実装をしてしまっているクライアントが迷惑だと思われても仕方ないよね
• と考えればダムスの方が潔いよね
• とはいえkind:3のcontentは空にしろって言われてんだからやっぱダムスはゴミだわ
• やるとしたらRabbitみたいにローカルに保存するか、別デバイス間で同期したいならkind:30078を使うべきだよね

アウトボックスモデルはなぜ人気がないのか

言ってることはとてもいいと思うんですよ。 欠点があるとすれば、

• 末端のユーザーからすればreadリレーとwriteリレーと書かれると直感的にイメージされるものとかけ離れている
• 正しく設定してもらうには相当の説明が必要
• フォローTLを表示しようとすれば非常にたくさんのリレーと接続することになり現実的ではない
• なるほど完璧な作戦っスねーっ 不可能だという点に目をつぶればよぉ～

余談ですが昔irisでログインした時に localhost のリレーに繋ごうとしてiris壊れたって思ったけど今思えばアウトボックスモデルを忠実に実装してたんじゃないかな…。

現実的に実装する方法は無いのか

これでReadすべきリレーをシミュレーションできる。 https://nikolat.github.io/nostr-relay-trend/ フォローイーのWriteリレーを全部購読しようとすると100個近いリレー数になるので現実的ではありません。 しかしフォローイーのWriteリレーのうち1個だけでよい、とする条件を仮に追加すると一気にハードルが下がります。私の場合はReadリレー含めて7個のリレーに収まりました。 Nos Haikuはとりあえずこの方針でいくことにしました。

今後どうしていきたいのか

エンドユーザーとしての自分の志向としては、自分が指定したリレーだけを購読してほしい、勝手に余計なリレーを読みに行かないでほしい、という気持ちがあり、現状の和製クライアントの仕様を気に入っています。 仮にNos Haikuでアウトボックスモデルを採用しつつ自分の決めたリレーに接続するハイブリッド実装を考えるとすれば、
あなたの購読するリレーはこれですよー - Read(inbox) Relays (あなたへのメンションが届くリレー) - wss://relay1.example.com/ - wss://relay2.example.com/ - wss://relay3.example.com/ - Followee's Write Relays (フォローイーが書き込んでいるリレー) - wss://relay4.example.com/ - wss://relay5.example.com/ - wss://relay6.example.com/

って出して、チェックボックス付けてON/OFFできるようにして最終的に購読するリレーをユーザーに決めてもらう感じかな……って漠然と考えています。よほど時間を持て余したときがあればやってみるかも。

あとリレーを数は仕方ないとしてリレーごとにフォローイーの投稿だけを取得するようにした方が理にかなってるよね。全部のリレーから全部のフォローイーの投稿を取得しようとしたら(実装はシンプルで楽だけど)通信量が大変だよね。 rx-nostr の Forward Strategy ってリレーごとにREQかえて一度に購読できるっけ？

常にひとつ以下の REQ サブスクリプションを保持します。

って書いてあるから無理なのかな？ あとReadリレーは純粋に自分へのメンション(pタグ付き)イベントのみを購読するようにした方がいい気がする。スパム対策としてかなり有効だと思うので。スパムはNIP-65に準拠したりはしていないでしょうし。 まぁ、NIP-65に準拠していないクライアントからのメンションは届かなくなってしまうわけですが。

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Bitcoin Magazine

BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal with First Client

Today, BitMine Immersion Technologies, Inc. (OTCQX: BMNRD) announced the launch of its Bitcoin Treasury Advisory Practice and a $4 million deal with a U.S. exchange-listed company. The deal saw Bitmine surpass its last year’s total revenue in that single transaction alone, according to the announcement.

BitMine ( OTCQX: $BMNRD $BMNR) launches Bitcoin Treasury Advisory Practice and secures $4M deal with first client.

This single transaction exceeds our 2024 revenue and sets the stage for major growth.

Read now: https://t.co/R89K3WXdZZ pic.twitter.com/5vIvlYPZUY

— Bitmine Immersion Technologies, Inc. (@BitMNR) May 19, 2025

BitMine will provide “Mining as a Service” (MaaS) by leasing 3,000 Bitcoin ASIC miners to the client through December 30, 2025, in a $3.2 million lease deal, with $1.6 million paid upfront. Additionally, the client has signed an $800,000 consulting agreement for one year focusing on Bitcoin Mining-as-a-Service and Bitcoin Treasury Strategy.

“Currently, there are almost 100 public companies that have adopted Bitcoin as a treasury holding. We expect this number to grow in the future. As more companies adopt Bitcoin treasury strategies, the need for infrastructure, revenue generation, and expert guidance grows along with it,” said Jonathan Bates, CEO of BitMine. “This single transaction is greater than our entire 2024 fiscal year revenue, and we feel there is an opportunity to acquire more clients in the near future as interest in Bitcoin ownership grows.”

BitMine’s first quarter 2025 results showed strong revenue growth, with GAAP revenue rising approximately 135% to $1.2 million, up from $511,000 in Q1 2024, supported by an expanded mining capacity of 4,640 miners as of November 30, 2024, compared to 1,606 the previous year. Despite this growth, the company reported a net loss of $3.9 million in Q1 2025, primarily due to a one-time, non-cash accounting adjustment related to preferred stock; excluding this charge, the adjusted loss was approximately $975,000, consistent with the prior year’s results.

$BMNR reports a 135% revenue increase YOY for Q1 2025 and tripled self-mining capacity with 3,000 new miners! CEO Jonathan Bates credits a team-driven approach and creative financing for this growth.
Read the full release here: https://t.co/slNrZv8Ocn pic.twitter.com/Gb4tk1UfAO

— Bitmine Immersion Technologies, Inc. (@BitMNR) January 13, 2025

BitMine’s new Bitcoin Treasury Advisory Practice, along with the $4 million deal, joins a trend among public companies exploring Bitcoin not just as a treasury asset but also as a source of revenue. 

This post BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal with First Client first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

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