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@ 7e6f9018:a6bbbce5
2025-05-22 18:17:57Governments and the press often publish data on the population’s knowledge of Catalan. However, this data only represents one stage in the linguistic process and does not accurately reflect the state of the language, since a language only has a future if it is used. Knowledge is a necessary step toward using a language, but it is not the final stage — that stage is actual use.
So what is the state of Catalan usage? If we look at data on regular use, we see that the Catalan language has remained stagnant over the past hundred years, with nearly the same number of regular speakers. In 1930, there were around 2.5 million speakers, and in 2018, there were 2.7 million.
Regular use of Catalan in Catalonia, in millions of speakers. The dotted segments are an estimate of the trend, based on the statements of Joan Coromines and adjusted according to Catalonia’s population growth.
These figures wouldn’t necessarily be negative if the language’s integrity were strong, that is, if its existence weren’t threatened by other languages. But the population of Catalonia has grown from 2.7 million in 1930 to 7.5 million in 2018. This means that today, regular Catalan speakers make up only 36% of Catalonia’s population, whereas in 1930, they represented 90%.
Regular use of Catalan in Catalonia, as a percentage of speakers. The dotted segments are an estimate of the trend, based on the statements of Joan Coromines and adjusted according to Catalonia’s population growth.
The language that has gained the most ground is mainly Spanish, which went from 200,000 speakers in 1930 to 3.8 million in 2018. Moreover, speakers of other foreign languages (500,000 speakers) have also grown more than Catalan speakers over the past hundred years.
Notes, Sources, and Methodology
The data from 2003 onward is taken from Idescat (source). Before 2003, there are no official statistics, but we can make interpretations based on historical evidence. The data prior to 2003 is calculated based on two key pieces of evidence:
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1st Interpretation: In 1930, 90% of the population of Catalonia spoke Catalan regularly. Source and evidence: The Romance linguist Joan Coromines i Vigneaux, a renowned 20th-century linguist, stated in his 1950 work "El que s'ha de saber de la llengua catalana" that "In this territory [Greater Catalonia], almost the entire population speaks Catalan as their usual language" (1, 2).\ While "almost the entire population" is not a precise number, we can interpret it quantitatively as somewhere between 80% and 100%. For the sake of a moderate estimate, we assume 90% of the population were regular Catalan speakers, with the remaining 10% being immigrants and officials of the Spanish state.
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2nd Interpretation: Regarding population growth between 1930 and 1998, on average, 60% is due to immigration (mostly adopting or already using Spanish language), while 40% is natural growth (likely to acquire Catalan language from childhood). Source and evidence: Between 1999 and 2019, when more detailed data is available, immigration accounted for 68% of population growth. From 1930 to 1998, there was a comparable wave of migration, especially between 1953 and 1973, largely of Spanish-speaking origin (3, 4, 5, 6). To maintain a moderate estimate, we assume 60% of population growth during that period was due to immigration, with the ratio varying depending on whether the period experienced more or less total growth.
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@ 7e6f9018:a6bbbce5
2025-05-22 16:33:07Per les xarxes socials es parla amb efusivitat de que Bitcoin arribarà a valer milions de dòlars. El mateix Hal Finney allà pel 2009, va estimar el potencial, en un cas extrem, de 10 milions $:
\> As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. Withn 20 million coins, that gives each coin a value of about $10 million. <https://satoshi.nakamotoinstitute.org/emails/bitcoin-list/threads/4/>
No estic d'acord amb els càlculs del bo d'en Hal, ja que no consider que la valoració d'una moneda funcioni així. En qualsevol cas, el 2009 la capitalització de la riquesa mundial era de 300 bilions $, avui és de 660 bilions $, és a dir ha anat pujant un 5,3% de manera anual,
$$(660/300)^{1/15} = 1.053$$
La primera apreciació amb aquest augment anual del 5% és que si algú llegeix aquest article i té diners que no necessita aturats al banc (estalvis), ara és bon moment per començar a moure'ls, encara sigui amb moviments defensius (títols de deute governamental o la propietat del primer habitatge). La desagregació per actius dels 660 bilions és:
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Immobiliari residencial = 260 bilions $
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Títols de deute = 125 bilions $
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Accions = 110 bilions
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Diners fiat = 78 bilions $
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Terres agrícoles = 35 bilions $
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Immobiliari comercial = 32 bilions $
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Or = 18 bilions $
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Bitcoin = 2 bilions $
La riquesa mundial és major que 660 bilions, però aquests 8 actius crec que són els principals, ja que s'aprecien a dia d'avui. El PIB global anual és de 84 bilions $, que no són bromes, però aquest actius creats (cotxes, ordinadors, roba, aliments...), perden valor una vegada produïts, aproximant-se a 0 passades unes dècades.
Partint d'aquest nombres com a vàlids, la meva posició base respecte de Bitcoin, ja des de fa un parell d'anys, és que te capacitat per posar-se al nivell de capitalització de l'or, perquè conceptualment s'emulen bé, i perquè tot i que Bitcoin no té un valor tangible industrial com pot tenir l'or, sí que te un valor intangible tecnològic, que és pales en tot l'ecosistema que s'ha creat al seu voltant:
-
Creació de tecnologies de pagament instantani: la Lightning Network, Cashu i la Liquid Network.
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Producció d'aplicacions amb l'íntegrament de pagaments instantanis. Especialment destacar el protocol de Nostr (Primal, Amethyst, Damus, Yakihonne, 0xChat...)
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Industria energètica: permet estabilitzar xarxes elèctriques i emprar energia malbaratada (flaring gas), amb la generació de demanda de hardware i software dedicat.
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Educació financera i defensa de drets humans. És una eina de defensa contra governs i estats repressius. La Human Rights Foundation fa una feina bastant destacada d'educació.
Ara posem el potencial en nombres:
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Si iguala l'empresa amb major capitalització, que és Apple, arribaria a uns 160 mil dòlars per bitcoin.
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Si iguala el nivell de l'or, arribaria a uns 800 mil dòlars per bitcoin.
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Si iguala el nivell del diner fiat líquid, arribaria a un 3.7 milions de dòlars per bitcoin.
Crec que igualar la capitalització d'Apple és probable en els pròxims 5 - 10 anys. També igualar el nivell de l'or en els pròxims 20 anys em sembla una fita possible. Ara bé, qualsevol fita per sota d'aquesta capitalització ha d'implicar tota una serie de successos al món que no sóc capaç d'imaginar. Que no vol dir que no pugui passar.
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@ 7e6f9018:a6bbbce5
2025-05-22 15:44:12Over the last decade, birth rates in Spain have dropped by 30%, from 486,000 births in 2010 to 339,000 in 2020, a decline only comparable to that seen in Japan and the Four Asian Tigers.
The main cause seems to stem from two major factors: (1) the widespread use of contraceptive methods, which allow for pregnancy control without reducing sexual activity, and (2) women's entry into the labor market, leading to a significant shift away from traditional maternal roles.
In this regard, there is a phenomenon of demographic inertia that I believe could become significant. When a society ages and the population pyramid inverts, the burden this places on the non-dependent population could further contribute to a deeper decline in birth rates.
The more resources (time and money) non-dependent individuals have to dedicate to the elderly (dependents), the less they can allocate to producing new births (also dependents):
- An only child who has to care for both parents will bear a burden of 2 (2 ÷ 1).
- Three siblings who share the responsibility of caring for their parents will bear a burden of 0.6 (2 ÷ 3).
This burden on only children could, in many cases, be significant enough to prevent them from having children of their own.
In Spain, the generation of only children reached reproductive age in 2019(*), this means that right now the majority of people in reproductive age in Spain are only child (or getting very close to it).
If this assumption is correct, and aging feeds on itself, then, given that Spain has one of the worst demographic imbalances in the world, this phenomenon is likely to manifest through worsening birth rates. Spain’s current birth rate of 1.1 may not yet have reached its lowest point.
(*)Birth rate table and the year in which each generation reaches 32 years of age, Spain.
| Year of birth | Birth rate | Year in which the generation turns 32 | | ------------------ | -------------- | ----------------------------------------- | | 1971 | 2.88 | 2003 | | 1972 | 2.85 | 2004 | | 1973 | 2.82 | 2005 | | 1974 | 2.81 | 2006 | | 1975 | 2.77 | 2007 | | 1976 | 2.77 | 2008 | | 1977 | 2.65 | 2009 | | 1978 | 2.54 | 2010 | | 1979 | 2.37 | 2011 | | 1980 | 2.21 | 2012 | | 1981 | 2.04 | 2013 | | 1982 | 1.94 | 2014 | | 1983 | 1.80 | 2015 | | 1984 | 1.72 | 2016 | | 1985 | 1.64 | 2017 | | 1986 | 1.55 | 2018 | | 1987 | 1.49 | 2019 | | 1988 | 1.45 | 2020 | | 1989 | 1.40 | 2021 | | 1990 | 1.36 | 2022 | | 1991 | 1.33 | 2023 | | 1992 | 1.31 | 2024 | | 1993 | 1.26 | 2025 | | 1994 | 1.19 | 2026 | | 1995 | 1.16 | 2027 | | 1996 | 1.14 | 2028 | | 1997 | 1.15 | 2029 | | 1998 | 1.13 | 2030 | | 1999 | 1.16 | 2031 | | 2000 | 1.21 | 2032 | | 2001 | 1.24 | 2033 | | 2002 | 1.25 | 2034 | | 2003 | 1.30 | 2035 | | 2004 | 1.32 | 2036 | | 2005 | 1.33 | 2037 | | 2006 | 1.36 | 2038 | | 2007 | 1.38 | 2039 | | 2008 | 1.44 | 2040 | | 2009 | 1.38 | 2041 | | 2010 | 1.37 | 2042 | | 2011 | 1.34 | 2043 | | 2012 | 1.32 | 2044 | | 2013 | 1.27 | 2045 | | 2014 | 1.32 | 2046 | | 2015 | 1.33 | 2047 | | 2016 | 1.34 | 2048 | | 2017 | 1.31 | 2049 | | 2018 | 1.26 | 2050 | | 2019 | 1.24 | 2051 | | 2020 | 1.19 | 2052 |
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@ c1e6505c:02b3157e
2025-05-22 03:44:39This is day two of testing the Leica Summaron 35mm f2.8 on the Fujifilm X-Pro2.
The first part of this story you can find here on StackerNews**
TL;DR: I think I’m really enjoying this lens.
I went into it thinking I’d probably just sell it since it was gifted to me - assumed I wouldn’t like it. But after just a couple of days with it mounted on the X-Pro2, I’ve been surprisingly drawn to it.
Shooting wide open at f2.8 (which is how I’m testing it - to best reveal the lens’s character), the soft roll-off is really pleasing. It feels organic. The lens is over 50 years old, so I expected some quirks-but the quality feels natural, not overly “vintage". Takes the digital edge off.
The short focus throw is also really nice. Compared to the Summicron 35mm f2 v3 I usually shoot on my M262 (which has a longer throw), the Summaron feels tighter and more responsive when zone focusing.
One gripe: the infinity lock. It’s kind of annoying. I find myself accidentally locking it too often, but I’m getting used to holding the button down as I rotate the ring. I’ve read others complain about it, so I know I’m not alone there.
Most of these shots were from a bike ride to the river - about 6 miles out to swim and enjoy the sun. Perfect day for making a few photos.
This kind of work is honestly just fun. I enjoy the process, and even more so once I’m happy with the results and can share them.
Still building confidence in my work over time. I think I’m slowly refining my style - even if the subject matter is simple. Easier said than done, as any editor/curator knows (and I say this as one through NOICE Magazine).
Let me know what you think. I’ll try to upload higher resolution versions this time around (but not too high).
*Also, I use a program called Dehancer for creating the grain in these photographs. I highly recommend the program actually, I've been using it for a long time. If you would like to try it out, I have a promo code. Use "Pictureroom" for 10% off I believe.
You can further support me and my work by sending sats to colincz\@getalby.com. Thank you.
(note* this is being publised from the updated Primal reads client)
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@ 21335073:a244b1ad
2025-05-21 16:58:36The other day, I had the privilege of sitting down with one of my favorite living artists. Our conversation was so captivating that I felt compelled to share it. I’m leaving his name out for privacy.
Since our last meeting, I’d watched a documentary about his life, one he’d helped create. I told him how much I admired his openness in it. There’s something strange about knowing intimate details of someone’s life when they know so little about yours—it’s almost like I knew him too well for the kind of relationship we have.
He paused, then said quietly, with a shy grin, that watching the documentary made him realize how “odd and eccentric” he is. I laughed and told him he’s probably the sanest person I know. Because he’s lived fully, chasing love, passion, and purpose with hardly any regrets. He’s truly lived.
Today, I turn 44, and I’ll admit I’m a bit eccentric myself. I think I came into the world this way. I’ve made mistakes along the way, but I carry few regrets. Every misstep taught me something. And as I age, I’m not interested in blending in with the world—I’ll probably just lean further into my own brand of “weird.” I want to live life to the brim. The older I get, the more I see that the “normal” folks often seem less grounded than the eccentric artists who dare to live boldly. Life’s too short to just exist, actually live.
I’m not saying to be strange just for the sake of it. But I’ve seen what the crowd celebrates, and I’m not impressed. Forge your own path, even if it feels lonely or unpopular at times.
It’s easy to scroll through the news and feel discouraged. But actually, this is one of the most incredible times to be alive! I wake up every day grateful to be here, now. The future is bursting with possibility—I can feel it.
So, to my fellow weirdos on nostr: stay bold. Keep dreaming, keep pushing, no matter what’s trending. Stay wild enough to believe in a free internet for all. Freedom is radical—hold it tight. Live with the soul of an artist and the grit of a fighter. Thanks for inspiring me and so many others to keep hoping. Thank you all for making the last year of my life so special.
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@ 51bbb15e:b77a2290
2025-05-21 00:24:36Yeah, I’m sure everything in the file is legit. 👍 Let’s review the guard witness testimony…Oh wait, they weren’t at their posts despite 24/7 survellience instructions after another Epstein “suicide” attempt two weeks earlier. Well, at least the video of the suicide is in the file? Oh wait, a techical glitch. Damn those coincidences!
At this point, the Trump administration has zero credibility with me on anything related to the Epstein case and his clients. I still suspect the administration is using the Epstein files as leverage to keep a lot of RINOs in line, whereas they’d be sabotaging his agenda at every turn otherwise. However, I just don’t believe in ends-justify-the-means thinking. It’s led almost all of DC to toss out every bit of the values they might once have had.
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@ c9badfea:610f861a
2025-05-20 19:49:20- Install Sky Map (it's free and open source)
- Launch the app and tap Accept, then tap OK
- When asked to access the device's location, tap While Using The App
- Tap somewhere on the screen to activate the menu, then tap ⁝ and select Settings
- Disable Send Usage Statistics
- Return to the main screen and enjoy stargazing!
ℹ️ Use the 🔍 icon in the upper toolbar to search for a specific celestial body, or tap the 👁️ icon to activate night mode
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@ cae03c48:2a7d6671
2025-05-23 12:00:53Bitcoin Magazine
Not ECDSA. Not Schnorr. Meet DahLIAS.Aggregate signatures aren’t new. They’ve been around since the early 2000s. But building one that actually works in Bitcoin’s security model, with Bitcoin’s elliptic curve, has never been proven. Developers speculated it might be possible. They shared hand-wavy sketches and said, “maybe it’d work like MuSig2, but across transaction inputs.” The idea lingered for years as developer folklore, close, never provably confirmed.
That changed recently, when Jonas Nick and Tim Ruffing of Blockstream Research, together with Yannick Seurin of Ledger, published a paper that turned this cryptographic ghost story into a concrete, provable result. DahLIAS is the first formal, secure construction of a full constant-size aggregate signature (CISA) scheme that works on Bitcoin’s native curve!
But that’s a lot of words, so let’s break that down:
- Full aggregation: Multiple signatures across different inputs are combined into one — and the result is a 64 byte signature whose size stays constant, no matter how many signers or inputs.
- Cross-input: Each signer can authorize different inputs, and all combine into one signature.
It adds no significant new assumptions beyond those already relied on by Bitcoin. DahLIAS builds a new cryptographic primitive using the same math Bitcoin already relies on, unlocking an entirely new kind of signature.
Let’s Talk About Curves and Signatures
Digital signatures are how Bitcoin proves that a user has authorized a transaction. When you go to spend bitcoin, your wallet uses a private key to sign a message, and the network verifies that signature using the matching public key.
Bitcoin uses the secp256k1 curve. It is fast, efficient, and has been battle-tested over time. It supports signature schemes like ECDSA (Bitcoin’s original signature algorithm) and Schnorr (added through Taproot in 2021), which are currently the only signature schemes permitted by Bitcoin consensus.
Traditionally, full signature aggregation relied on mathematical operations not supported by Bitcoin’s curve, secp256k1, which made it seem out of reach. These features have typically relied on other types of elliptic curves. For example, BLS (Boneh–Lynn–Shacham) signatures use a special kind of curve called a pairing-friendly curve, which enables advanced operations like combining many signatures, even on different messages, into one.
The problem is that BLS signatures do not work on secp256k1. While Schnorr was a natural upgrade from ECDSA, since both rely on the same kind of elliptic curve, adding BLS would be a much bigger leap and a departure from Bitcoin’s existing security model. Though technically possible, it would introduce new cryptographic assumptions and add significant complexity to the protocol. Supporting a curve that is pairing-friendly, like BLS12-381, would be a major change for Bitcoin.
This is part of why full signature aggregation has never been done on secp256k1.
Until now.
What Aggregate Signatures Actually Do
Most Bitcoin users are familiar with multisignatures. In a multisig wallet, multiple people jointly authorize the spending of a single UTXO or some specific “coin”. Everyone signs the same input data. This setup is useful for things like shared custody wallets.
Aggregate signatures work differently. Instead of multiple people signing the same input or coin, each signer authorizes a different UTXO in a transaction. These separate signatures are then compressed into one compact proof. With DahLIAS, that means a single 64-byte signature on Bitcoin’s secp256k1 curve that verifies all inputs at once.
That means if you have five inputs from five different people, the transaction needs five different signatures. With an aggregate signature, all of those can be bundled into one. Even if each signer is spending a different input and signing a different part of the transaction, the result is one signature that proves the entire transaction was properly authorized.
It’s like zipping a whole list of approvals into one file. The signature is compact, but still verifiably proves that each signer authorized their specific UTXO.
Instead of verifying 10 separate signatures, you verify one.
This helps realign incentives for privacy. By reducing the signature overhead to a single 64-byte proof, DahLIAS lowers the cost of combining inputs in CoinJoins, making it financially smarter to choose privacy than to go without it.
Why Half-Aggregation Got Close
Shortly after Schnorr signatures were introduced on Bitcoin, developers explored half-aggregation, as a way to compress multiple signatures but they were not fixed size. Each input contributes to the size of the signature, so the transaction still grows with every participant. DahLIAS fixes this by enabling full-aggregation across inputs and signers. No matter how many people are involved or what they’re signing, all their signatures compress into one constant-size, 64-byte proof.
What DahLIAS Actually Unlocks
The main benefit here is that DahLIAS are reducing the size of complex transactions.
DahLIAS uses a two-round interactive signing process. It’s similar to MuSig2 in that regard, but it isn’t a multisignature protocol because it doesn’t require all participants to co-sign the same message. Instead, it aggregates different signatures on different messages across the transaction.
DahLIAS is also faster to verify than checking each signature individually, up to twice as fast in some cases. Lower verification costs make it easier for more people to run full nodes, which helps preserve Bitcoin’s decentralization over time.
Importantly, DahLIAS comes with strong cryptographic guarantees. The scheme includes formal security proofs. Earlier ‘folklore’ approaches to full signature aggregation lacked this, and some were even later shown to be insecure. Fortunately they weren’t adopted prematurely.
It’s worth repeating: DahLIAS is not a multisig protocol. It isn’t comparable to MuSig2 or FROST from a functional standpoint, even if it shares similar cryptographic building blocks. It serves a different purpose. It offers a new way to encode many independent approvals into one clean, verifiable package.
Future Directions
You might think: if DahLIAS is so powerful, why isn’t it a BIP? Why not propose it for Bitcoin consensus?
DahLIAS signatures don’t look like Schnorr or ECDSA signatures. The verification algorithm is different. Instead of taking a single public key, message, and signature, a DahLIAS verifier takes lists of public keys and messages, and a single 64-byte proof.
This makes DahLIAS incompatible with Bitcoin’s current consensus rules. Supporting it at the base layer would require a consensus change. This paper doesn’t propose that change, but it does something equally important.
This paper shows that a full signature aggregation scheme for Bitcoin’s native curve is possible.
That alone is a major step forward.
To make DahLIAS part of Bitcoin, someone would need to write a Bitcoin Improvement Proposal (BIP), maybe even using secp256k1lab. That means specifying the scheme in detail, considering its implications for consensus and implementation, and building community support. This paper lays the cryptographic foundation for that conversation.
The real value of the DahLIAS paper is what it proves. Full signature aggregation on secp256k1 is not just a thought experiment. It’s concrete. It’s efficient. It’s secure. For years, the idea lived in developer folklore. Now, it’s written down, analyzed, and proven. All that’s left is to bring it to Bitcoin—if we want it.
This is a guest post by Kiara Bickers. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
This post Not ECDSA. Not Schnorr. Meet DahLIAS. first appeared on Bitcoin Magazine and is written by Kiara Bickers.
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@ 1c5ff3ca:efe9c0f6
2025-05-23 10:13:57Auto-Deployment on a VPS with GitHub Actions
Introduction
This tutorial describes how you can deploy an application on a VPS using GitHub Actions. This way, changes in your GitHub repository are automatically deployed to your VPS.
Prerequisites
- GitHub Account
- GitHub Repository
- Server + SSH access to the server
Step 1 - SSH Login to Server
Open a terminal and log in via SSH. Then navigate to the
.ssh
directoryssh user@hostname cd ~/.ssh
Step 2 - Create an SSH Key
Now create a new SSH key that we will use for auto-deployment. In the following dialog, simply press "Enter" repeatedly until the key is created.
ssh-keygen -t ed25519 -C "service-name-deploy-github"
Step 3 - Add the Key to the
authorized_keys
Filecat id_ed25519.pub >> authorized_keys
(If you named the key file differently, change this accordingly)
Step 4 - GitHub Secrets
In order for the GitHub Action to perform the deployment later, some secrets must be stored in the repository. Open the repository on GitHub. Navigate to "Settings" -> "Secrets And Variables" -> "Actions". Add the following variables:
HOST
: Hostname or IP address of the serverUSERNAME
: Username you use to log in via SSHSSHKEY
: The private key (copy the content fromcat ~/.ssh/id_ed25519
)PORT
: 22
Step 5 - Create the GitHub Action
Now create the GitHub Action for auto-deployment. The following GitHub Action will be used: https://github.com/appleboy/scp-action In your local repository, create the file
.github/workflows/deploy.yml
:```yaml name: Deploy on: [push] jobs: build: runs-on: ubuntu-latest steps: - uses: actions/checkout@v1 - name: Copy repository content via scp uses: appleboy/scp-action@master with: host: ${{ secrets.HOST }} username: ${{ secrets.USERNAME }} port: ${{ secrets.PORT }} key: ${{ secrets.SSHKEY }} source: "." target: "/your-target-directory"
- name: Executing a remote command uses: appleboy/ssh-action@master with: host: ${{ secrets.HOST }} username: ${{ secrets.USERNAME }} port: ${{ secrets.PORT }} key: ${{ secrets.SSHKEY }} script: | ls
```
This action copies the repository files to your server using
scp
. Afterwards, thels
command is executed. Here you can add appropriate commands that rebuild your service or similar. To rebuild and start a docker service you could use something like this or similar:docker compose -f target-dir/docker-compose.yml up --build -d
Now commit this file and in the "Actions" tab of your repository, the newly created action should now be visible and executed. With every future change, the git repository will now be automatically copied to your server.Sources
I read this when trying out, but it did not work and I adapted the
deploy.yml
file: https://dev.to/knowbee/how-to-setup-continuous-deployment-of-a-website-on-a-vps-using-github-actions-54im -
@ dfc7c785:4c3c6174
2025-05-23 09:42:37Where do I even start? Sometimes it's best to just begin writing whatever comes into your head. What do I do for a living? It used to be easy to explain, I write JavaScript, I build front-end code, in order to build apps. I am more than that though. Over the past eight years, I moved from writing Angular, to React and then to Vue. However my background was originally in writing full-stack projects, using technologies such as .NET and PHP. The thing is - the various jobs I've had recently have pigeon-holed me as front-end developer but nowadays I am starting to feel distracted by a multitude of other interesting, pivotal technologies both in my "day job" and across my wider experience as a Technologist; a phrase I prefer to use in order to describe who I am, more gernerally.
I have used untype.app to write this today, it looks great.
More to come...
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@ bc6ccd13:f53098e4
2025-05-21 22:13:47The global population has been rising rapidly for the past two centuries when compared to historical trends. Fifty years ago, that trend seemed set to continue, and there was a lot of concern around the issue of overpopulation. But if you haven’t been living under a rock, you’ll know that while the population is still rising, that trend now seems set to reverse this century, and there’s every indication population could decline precipitously over the next two centuries.
Demographics is a field where predictions about the future are much more reliable than in most scientific fields. That’s because future population trends are “baked in” decades in advance. If you want to know how many fifty-year-olds there will be in forty years, all you have to do is count the ten-year-olds today and allow for mortality rates. That maximum was already determined by the number of births ten years ago, and absolutely nothing can change that now. The average person doesn’t think that through when they look at population trends. You hear a lot of “oh we just need to do more of x to help the declining birthrate” without an acknowledgement that future populations in a given cohort are already fixed by the number of births that already occurred.
As you can see, global birthrates have already declined close to the 2.3 replacement level, with some regions ahead of others, but all on the same trajectory with no region moving against the trend. I’m not going to speculate on the reasons for this, or even whether it’s a good or bad thing. Instead I’m going to make some observations about outcomes this trend could cause economically, and why. Like most macro issues, an individual can’t do anything to change the global landscape personally, but knowing what that landscape might look like is essential to avoiding fallout from trends outside your control.
The Resource Pie
Thomas Malthus popularized the concern about overpopulation with his 1798 book An Essay on the Principle of Population. The basic premise of the book was that population could grow and consume all the available resources, leading to mass poverty, starvation, disease, and population collapse. We can say in hindsight that this was incorrect, given that the global population has increased from less than a billion to over eight billion since then, and the apocalypse Malthus predicted hasn’t materialized. Exactly the opposite, in fact. The global standard of living has risen to levels Malthus couldn’t have imagined, much less predicted.
So where did Malthus go wrong? His hypothesis seems reasonable enough, and we do see a similar trend in certain animal populations. The base assumption Malthus got wrong was to assume resources are a finite, limiting factor to the human population. That at some point certain resources would be totally consumed, and that would be it. He treated it like a pie with a lot of slices, but still a finite number, and assumed that if the population kept rising, eventually every slice would be consumed and there would be no pie left for future generations. That turns out to be completely wrong.
Of course, the earth is finite at some abstract level. The number of atoms could theoretically be counted and quantified. But on a practical level, do humans exhaust the earth’s resources? I’d point to an article from Yale Scientific titled Has the Earth Run out of any Natural Resources? To quote,
> However, despite what doomsday predictions may suggest, the Earth has not run out of any resources nor is it likely that it will run out of any in the near future. > > In fact, resources are becoming more abundant. Though this may seem puzzling, it does not mean that the actual quantity of resources in the Earth’s crust is increasing but rather that the amount available for our use is constantly growing due to technological innovations. According to the U.S. Geological Survey, the only resource we have exhausted is cryolite, a mineral used in pesticides and aluminum processing. However, that is not to say every bit of it has been mined away; rather, producing it synthetically is much more cost efficient than mining the existing reserves at its current value.
As it happens, we don’t run out of resources. Instead, we become better at finding, extracting, and efficiently utilizing resources, which means that in practical terms resources become more abundant, not less. In other words, the pie grows faster than we can eat it.
So is there any resource that actually limits human potential? I think there is, and history would suggest that resource is human ingenuity and effort. The more people are thinking about and working on a problem, the more solutions we find and build to solve it. That means not only does the pie grow faster than we can eat it, but the more people there are, the faster the pie grows. Of course that assumes everyone eating pie is also working to grow the pie, but that’s a separate issue for now.
Productivity and Division of Labor
Why does having more people lead to more productivity? A big part of it comes down to division of labor and specialization. The best way to get really good at something is to do more of it. In a small community, doing just one thing simply isn’t possible. Everyone has to be somewhat of a generalist in order to survive. But with a larger population, being a specialist becomes possible. In fact, that’s the purpose of money, as I explained here.
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The more specialized an economy becomes, the more efficient it can be. There are big economies of scale in almost every task or process. So for example, if a single person tried to build a car from scratch, it would be extremely difficult and take a very long time. However, if you have a thousand people building a car, each doing a specific job, they can become very good at doing that specific job and do it much faster. And then you can move that process to a factory, and build machines to do specific jobs, and add even more efficiency.
But that only works if you’re building more than one car. It doesn’t make sense to build a huge factory full of specialized equipment that takes lots of time and effort to design and manufacture, and then only build one car. You need to sell thousands of cars, maybe even millions of cars, to pay off that initial investment. So division of labor and specialization relies on large populations in two different ways. First, you need a large population to have enough people to specialize in each task. But second and just as importantly, you need a large population of buyers for the finished product. You need a big market in order to make mass production economical.
Think of a computer or smartphone. It takes thousands of specialized processes, thousands of complex parts, and millions of people doing specialized jobs to extract the raw materials, process them, and assemble them into a piece of electronic hardware. And electronics are relatively expensive anyway. Imagine how impossible it would be to manufacture electronics economically, if the market demand wasn’t literally in the billions of units.
Stairs Up, Elevator Down
We’ve seen exponential increases in productivity over the past few centuries, resulting in higher living standards even as population exploded. Now, facing the prospect of a drastic trend reversal, what will happen to productivity and living standards? The typical sentiment seems to be “well, there are a lot of people already competing for resources, so if population does decline, that will just reduce the competition and leave a bigger slice of pie for each person, so we’ll all be getting wealthier as a result of population decline.”
This seems reasonable at first glance. Surely dividing the economic pie into fewer slices means a bigger slice for everyone, right? But remember, more specialization and division of labor is what made the pie as big as it is to begin with. And specialization depends on large populations for both the supply of specialized labor, and the demand for finished goods. Can complex supply chains and mass production withstand population reduction intact? I don’t think the answer is clear.
The idea that it will all be okay, and we’ll get wealthier as population falls, is based on some faulty assumptions. It assumes that wealth is basically some fixed inventory of “things” that exist, and it’s all a matter of distribution. That’s typical Marxist thinking, similar to the reasoning behind “tax the rich” and other utopian wealth transfer schemes.
The reality is, wealth is a dynamic concept with strong network effects. For example, a grocery store in a large city can be a valuable asset with a large potential income stream. The same store in a small village with a declining population can be an unprofitable and effectively worthless liability.
Even something as permanent as a house is very susceptible to network effects. If you currently live in an area where housing is scarce and expensive, you might think a declining population would be the perfect solution to high housing costs. However, if you look at a place that’s already facing the beginnings of a population decline, you’ll see it’s not actually that simple. Japan, for example, is already facing an aging and declining population. And sure enough, you can get a house in Japan for free, or basically free. Sounds amazing, right? Not really.
If you check out the reason houses are given away in Japan, you’ll find a depressing reality. Most of the free houses are in rural areas or villages where the population is declining, often to the point that the village becomes uninhabited and abandoned. It’s so bad that in 2018, 13.6% of houses in Japan were vacant. Why do villages become uninhabited? Well, it turns out that a certain population level is necessary to support the services and businesses people need. When the population falls too low, specialized businesses can no longer operated profitably. It’s the exact issue we discussed with division of labor and the need for a high population to provide a market for the specialist to survive. As the local stores, entertainment venues, and businesses close, and skilled tradesmen move away to larger population centers with more customers, living in the village becomes difficult and depressing, if not impossible. So at a certain critical level, a village that’s too isolated will reach a tipping point where everyone leaves as fast as possible. And it turns out that an abandoned house in a remote village or rural area without any nearby services and businesses is worth… nothing. Nobody wants to live there, nobody wants to spend the money to maintain the house, nobody wants to pay the taxes needed to maintain the utilities the town relied on. So they try to give the houses away to anyone who agrees to live there, often without much success.
So on a local level, population might rise gradually over time, but when that process reverses and population declines to a certain level, it can collapse rather quickly from there.
I expect the same incentives to play out on a larger scale as well. Complex supply chains and extreme specialization lead to massive productivity. But there’s also a downside, which is the fragility of the system. Specialization might mean one shop can make all the widgets needed for a specific application, for the whole globe. That’s great while it lasts, but what happens when the owner of that shop retires with his lifetime of knowledge and experience? Will there be someone equally capable ready to fill his shoes? Hopefully… But spread that problem out across the global economy, and cracks start to appear. A specialized part is unavailable. So a machine that relies on that part breaks down and can’t be repaired. So a new machine needs to be built, which is a big expense that drives up costs and prices. And with a falling population, demand goes down. Now businesses are spending more to make fewer items, so they have to raise prices to stay profitable. Now fewer people can afford the item, so demand falls even further. Eventually the business is forced to close, and other industries that relied on the items they produced are crippled. Things become more expensive, or unavailable at any price. Living standards fall. What was a stairway up becomes an elevator down.
Hope, From the Parasite Class?
All that being said, I’m not completely pessimistic about the future. I think the potential for an acceptable outcome exists.
I see two broad groups of people in the economy; producers, and parasites. One thing the increasing productivity has done is made it easier than ever to survive. Food is plentiful globally, the only issues are with distribution. Medical advances save countless lives. Everything is more abundant than ever before. All that has led to a very “soft” economic reality. There’s a lot of non-essential production, which means a lot of wealth can be redistributed to people who contribute nothing, and if it’s done carefully, most people won’t even notice. And that is exactly what has happened, in spades.
There are welfare programs of every type and description, and handouts to people for every reason imaginable. It’s never been easier to survive without lifting a finger. So millions of able-bodied men choose to do just that.
Besides the voluntarily idle, the economy is full of “bullshit jobs.” Shoutout to David Graeber’s book with that title. (It’s an excellent book and one I would highly recommend, even though the author was a Marxist and his conclusions are completely wrong.) A 2015 British poll asked people, “Does your job make a meaningful contribution to the world?” Only 50% said yes, while 37% said no and 13% were uncertain.
This won’t be a surprise to anyone who’s operated a business, or even worked in the private sector in general. There are three types of jobs; jobs that accomplish something productive, jobs that accomplish nothing of value, and jobs that actually hinder people trying to accomplish something productive. The number of jobs in the last two categories has grown massively over the years. This would include a lot of unnecessary administrative jobs, burdensome regulatory jobs, useless DEI and HR jobs, a large percentage of public sector jobs, most of the military-industrial complex, and the list is endless. All these jobs accomplish nothing worthwhile at best, and actively discourage those who are trying to accomplish something at worst.
Even among jobs that do accomplish some useful purpose, the amount of time spent actually doing the job continues to decline. According to a 2016 poll, American office workers spent only 39% of their workday actually doing their primary task. The other 61% was largely wasted on unproductive administrative tasks and meetings, answering emails, and just simply wasting time.
I could go on, but the point is, there’s a lot of slack in the economy. We’ve become so productive that the number of people actually doing the work to keep everyone fed, clothed, and cared for is only a small percentage of the population. In one sense, that’s a cause for optimism. The population could decline a lot, and we’d still have enough bodies to man the economic engine, as it were.
Aging
The thing with population decline, though, is nobody gets to choose who goes first. Not unless you’re a psychopathic dictator. So populations get old, then they get small. This means that the number of dependents in the economy rises naturally. Once people retire, they still need someone to grow the food, keep the lights on, and provide the medical care. And it doesn’t matter how much money the retirees have saved, either. Money is just a claim on wealth. The goods and services actually have to be provided by someone, and if that someone was never born, all the money in the world won’t change anything.
And the aging occurs on top of all the people already taking from the economy without contributing anything of value. So that seems like a big problem.
Currently, wealth redistribution happens through a combination of direct taxes, indirect taxation through deficit spending, and the whole gamut of games that happen when banks create credit/debt money by making loans. In a lot of cases, it’s very indirect and difficult to pin down. For example, someone has a “job” in a government office, enforcing pointless regulations that actually hinder someone in the private sector from producing something useful. Their paycheck comes from the government, so a combination of taxes on productive people, and deficit spending, which is also a tax on productive people. But they “have a job,” so who’s going to question their contribution to society? On the other hand, it could be a banker or hedge fund manager. They might be pulling in a massive salary, but at the core all they’re really doing is finding creative financial ways to transfer wealth from productive people to themselves, without contributing anything of value.
You’ll notice a common theme if you think about this problem deeply. Most of the wealth transfer that supports the unproductive, whether that’s welfare recipients, retirees, bureaucrats, corporate middle managers, or weapons manufacturers, is only possible through expanding the money supply. There’s a limit to how much direct taxation the productive will bear while the option to collect welfare exists. At a certain point, people conclude that working hard every day isn’t worth it, when taxes take so much of their wages that they could make almost as much without working at all. So the balance of what it takes to support the dependent class has to come indirectly, through new money creation.
As long as the declining population happens under the existing monetary system, the future looks bleak. There’s no limit to how much money creation and inflation the parasite class will use in an attempt to avoid work. They’ll continue to suck the productive class dry until the workers give up in disgust, and the currency collapses into hyperinflation. And you can’t run a complex economy without functional money, so productivity inevitably collapses with the currency.
The optimistic view is that we don’t have to continue supporting the failed credit/debt monetary system. It’s hurting productivity, messing up incentives, and contributing to increasing wealth inequality and lower living standards for the middle class. If we walk away from that system and adopt a hard money standard, the possibility of inflationary wealth redistribution vanishes. The welfare and warfare programs have to be slashed. The parasite class is forced to get busy, or starve. In that scenario, the declining population of workers can be offset by a massive shift away from “bullshit jobs” and into actual productive work.
While that might not be a permanent solution to declining population, it would at least give us time to find a real solution, without having our complex economy collapse and send our living standards back to the 17th century.
It’s a complex issue with many possible outcomes, but I think a close look at the effects of the monetary system on productivity shows one obvious problem that will make the situation worse than necessary. Moving to a better monetary system and creating incentives for productivity would do a lot to reduce the economic impacts of a declining population.
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@ 5c26ee8b:a4d229aa
2025-05-23 08:47:45Generally mentioning God, Allah, by reciting/reading the Quran or performing Salat (compulsory prayer), for instance, brings tranquility to the heart of the believer. The Salat, other than being the first deed a Muslim would be questioned about on Judgement Day, it keeps the person away from the forbidden wrong deeds too. The Salat is sufficient for obtaining God’s provision as he decrees the means for it to reach the person. Wasting or missing performing the Salat or mentioning God (Allah) by reciting/reading the Quran or Tasbieh, can lead to following the desires only and a depressed life as well as punishment in the Thereafter.
13:28 Ar-Ra'd
الَّذِينَ آمَنُوا وَتَطْمَئِنُّ قُلُوبُهُمْ بِذِكْرِ اللَّهِ ۗ أَلَا بِذِكْرِ اللَّهِ تَطْمَئِنُّ الْقُلُوبُ
Those who have believed and whose hearts are assured (tranquillised) by the remembrance of Allah. Unquestionably, by the remembrance of Allah hearts are assured (tranquillised)."
29:45 Al-Ankaboot
اتْلُ مَا أُوحِيَ إِلَيْكَ مِنَ الْكِتَابِ وَأَقِمِ الصَّلَاةَ ۖ إِنَّ الصَّلَاةَ تَنْهَىٰ عَنِ الْفَحْشَاءِ وَالْمُنْكَرِ ۗ وَلَذِكْرُ اللَّهِ أَكْبَرُ ۗ وَاللَّهُ يَعْلَمُ مَا تَصْنَعُونَ
Recite, [O Muhammad], what has been revealed to you of the Book and establish prayer. Indeed, prayer prohibits immorality and wrongdoing, and the remembrance of Allah is greater. And Allah knows that which you do.
11:114 Hud
وَأَقِمِ الصَّلَاةَ طَرَفَيِ النَّهَارِ وَزُلَفًا مِنَ اللَّيْلِ ۚ إِنَّ الْحَسَنَاتِ يُذْهِبْنَ السَّيِّئَاتِ ۚ ذَٰلِكَ ذِكْرَىٰ لِلذَّاكِرِينَ
And establish prayer at the two ends of the day and at the approach of the night. Indeed, good deeds do away with misdeeds. That is a reminder for those who remember.
20:132 Taa-Haa
وَأْمُرْ أَهْلَكَ بِالصَّلَاةِ وَاصْطَبِرْ عَلَيْهَا ۖ لَا نَسْأَلُكَ رِزْقًا ۖ نَحْنُ نَرْزُقُكَ ۗ وَالْعَاقِبَةُ لِلتَّقْوَىٰ
And enjoin prayer upon your family [and people] and be steadfast therein. We ask you not for provision; We provide for you, and the [best] outcome is for [those of] righteousness.
20:124 Taa-Haa
وَمَنْ أَعْرَضَ عَنْ ذِكْرِي فَإِنَّ لَهُ مَعِيشَةً ضَنْكًا وَنَحْشُرُهُ يَوْمَ الْقِيَامَةِ أَعْمَىٰ
And whoever turns away from My remembrance - indeed, he will have a depressed life, and We will gather him on the Day of Resurrection blind."
20:125 Taa-Haa
قَالَ رَبِّ لِمَ حَشَرْتَنِي أَعْمَىٰ وَقَدْ كُنْتُ بَصِيرًا
He will say, "My Lord, why have you raised me blind while I was [once] seeing?"
20:126 Taa-Haa
قَالَ كَذَٰلِكَ أَتَتْكَ آيَاتُنَا فَنَسِيتَهَا ۖ وَكَذَٰلِكَ الْيَوْمَ تُنْسَىٰ
[Allah] will say, "Thus did Our signs come to you, and you forgot them; and thus will you this Day be forgotten."
20:127 Taa-Haa
وَكَذَٰلِكَ نَجْزِي مَنْ أَسْرَفَ وَلَمْ يُؤْمِنْ بِآيَاتِ رَبِّهِ ۚ وَلَعَذَابُ الْآخِرَةِ أَشَدُّ وَأَبْقَىٰ
And thus do We recompense he who transgressed and did not believe in the signs of his Lord. And the punishment of the Hereafter is more severe and more enduring.
20:128 Taa-Haa
أَفَلَمْ يَهْدِ لَهُمْ كَمْ أَهْلَكْنَا قَبْلَهُمْ مِنَ الْقُرُونِ يَمْشُونَ فِي مَسَاكِنِهِمْ ۗ إِنَّ فِي ذَٰلِكَ لَآيَاتٍ لِأُولِي النُّهَىٰ
Then, has it not become clear to them how many generations We destroyed before them as they walk among their dwellings? Indeed in that are signs for those of intelligence.
49:17 Al-Hujuraat
يَمُنُّونَ عَلَيْكَ أَنْ أَسْلَمُوا ۖ قُلْ لَا تَمُنُّوا عَلَيَّ إِسْلَامَكُمْ ۖ بَلِ اللَّهُ يَمُنُّ عَلَيْكُمْ أَنْ هَدَاكُمْ لِلْإِيمَانِ إِنْ كُنْتُمْ صَادِقِينَ
They consider it a favor to you that they have accepted Islam. Say, "Do not consider your Islam a favor to me. Rather, Allah has conferred favor upon you that He has guided you to the faith, if you should be truthful."
53:29 An-Najm
فَأَعْرِضْ عَنْ مَنْ تَوَلَّىٰ عَنْ ذِكْرِنَا وَلَمْ يُرِدْ إِلَّا الْحَيَاةَ الدُّنْيَا
So turn away from whoever turns his back on Our message and desires not except the worldly life.
53:30 An-Najm
ذَٰلِكَ مَبْلَغُهُمْ مِنَ الْعِلْمِ ۚ إِنَّ رَبَّكَ هُوَ أَعْلَمُ بِمَنْ ضَلَّ عَنْ سَبِيلِهِ وَهُوَ أَعْلَمُ بِمَنِ اهْتَدَىٰ
That is their sum of knowledge. Indeed, your Lord is most knowing of who strays from His way, and He is most knowing of who is guided.
53:62 An-Najm
فَاسْجُدُوا لِلَّهِ وَاعْبُدُوا ۩
So prostrate to Allah and worship [Him].
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@ bc6ccd13:f53098e4
2025-05-21 22:11:33The Bitcoin price action since the US presidential election, and particularly today, November 11, has given me an excuse to revisit an idea I’ve written about before. I explained here that money doesn’t “flow into” assets, and that the terminology makes it difficult for people to understand how prices actually work.
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The Bitcoin market this year has been a perfect illustration of the points I tried to make, which offers another angle to explain the concept.
Back in January, the first spot Bitcoin ETFs were launched for trading in the US market. This was heralded as a great thing for the Bitcoin price, and tracking “inflows” into these ETFs became a top priority for Bitcoin market analysts. The expectation of course was that more Bitcoin purchased by these ETFs would result in higher prices for the asset.
And sure enough, over the first two months of trading, from mid-January to mid-March, the combined “inflows” to the ETFs totaled around $11 billion. Over the same time frame, the Bitcoin price rose almost 60%, from around $43,000 to $68,000. As should be expected, right?
But then, over the next seven and a half months, from mid-March to early November, the ETFs saw another $11 billion in “inflows”. The Bitcoin price in mid-March? $68,000. In early November? All the way up to… $68,000. Seven and a half months of treading water.
So how can that be? How can $11 billion dollars flowing into an asset cause a 60% price rise once, and no price change at all the next time?
If you read my previous article linked above, you’ll see that the whole idea of money “flowing into” an asset is incorrect and misleading, and this is a perfect illustration why. If you step back a bit, you’ll see the folly of that mentality. So when the ETFs buy $11 billion dollars worth of Bitcoin, where does it come from? They obviously have to buy it from someone. As always, every transaction has a buyer and a seller. In this case, the sellers are current Bitcoin holders selling through OTC desks on the spot market.
So why focus on the ETF buying rather than the Bitcoin holder selling? Instead of saying there were $11 billion in inflows to the Bitcoin ETFs, why not say there were $11 billion in outflows from spot Bitcoin holders? It’s just as valid either way.
To take it a step further, many analysts were consistently confused all summer as Bitcoin ETFs continued to see “inflows” on days that the Bitcoin price stayed flat or even fell. So let’s imagine two consecutive days of $300 million daily “inflows” into the ETFs. The first day, the Bitcoin price rises 3%. The second day, the Bitcoin price falls 3%. The first day, headlines can read Bitcoin Price Rises 3% as ETFs See $300m in Inflows. The second day, headlines can read Bitcoin Price Falls 3% as Spot Bitcoin Holders See $300m in Outflows.
See the silliness of this whole idea? Money flows aren’t the cause of price movement. They’re a fake metric used as a post hoc justification for price moves by people who want you to believe they understand markets better than you.
Moving on to today, as I write this on the evening of November 11, Bitcoin is up 30% from $68,000 to $88,000 in the week since the November 5 election. It rose from $69,000 to $75,000 on election night alone, after US markets had closed and while there were no ETF “inflows” at all. In fact, the ETFs saw over a hundred million dollars in outflows on November 5, followed by an 8% single day price increase.
So if money flows don’t move price, what does?
Investor sentiment, that’s what.
Talking about money flows at all, as illustrated by the Bitcoin ETFs, requires arbitrarily dividing a single market into different segments to disguise the fact that every transaction has both a buyer and a seller, so every transaction has an equal dollar amount of “flows” in both directions. In actuality, price is set by a convergence between the highest price any potential buyer is willing to pay, and the lowest price any potential seller is willing to accept. And that number can change without a single transaction occurring, and without a single dollar “flowing” anywhere.
If every Bitcoin holder simultaneously decided tonight that the lowest price they’re willing to accept is $200,000 per Bitcoin, and a single potential buyer decided to buy a single dollar worth of Bitcoin at that price, that would be the new Bitcoin price tomorrow morning. No ETF “inflows” or institutional buying pressure or short squeezes or liquidations required, or any of the other excuses market analysts use to confuse normal people and make it seem like they have some deep esoteric insight into the workings of markets and future price action.
Don’t overcomplicate something as simple as price. If holders of an asset demand higher prices and potential buyers are willing to pay it, prices rise. If potential buyers of an asset offer lower prices and holders are willing to sell, prices fall. The constant interplay between all those individual investors sentiments is what forms a market and a price. The transferring of money between buyers and sellers is an effect of price, not a cause.
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@ bc6ccd13:f53098e4
2025-05-21 22:03:04Bullshit Jobs, for those unfamiliar, is the title of a 2018 book by anthropologist David Graeber. It’s well worth a read just for the fascinating research and the engaging writing style. The premise of the book is that many people work in jobs that contribute nothing to society, and would not be missed if they suddenly vanished overnight.
The data backs this up. In a 2015 British poll that asked “does your job make a meaningful contribution to the world?”, 37 percent of people said no, and another 13 percent weren’t sure. That’s fully half the population who can’t confidently say their job is even worth doing. And other polls have found similar or worse results.
The book was inspired by the overwhelming response to a 2013 article Graeber wrote titled On the Phenomenon of Bullshit Jobs: A Work Rant. The point I’d like to address is found here.
Over the course of the last century, the number of workers employed as domestic servants, in industry, and in the farm sector has collapsed dramatically. At the same time, ‘professional, managerial, clerical, sales, and service workers’ tripled, growing ‘from one-quarter to three-quarters of total employment.’ In other words, productive jobs have, just as predicted, been largely automated away (even if you count industrial workers globally, including the toiling masses in India and China, such workers are still not nearly so large a percentage of the world population as they used to be.)
But rather than allowing a massive reduction of working hours to free the world’s population to pursue their own projects, pleasures, visions, and ideas, we have seen the ballooning of not even so much of the ‘service’ sector as of the administrative sector, up to and including the creation of whole new industries like financial services or telemarketing, or the unprecedented expansion of sectors like corporate law, academic and health administration, human resources, and public relations.
These are what I propose to call ‘bullshit jobs’.
It’s as if someone were out there making up pointless jobs just for the sake of keeping us all working. And here, precisely, lies the mystery. In capitalism, this is precisely what is not supposed to happen. Sure, in the old inefficient socialist states like the Soviet Union, where employment was considered both a right and a sacred duty, the system made up as many jobs as they had to (this is why in Soviet department stores it took three clerks to sell a piece of meat). But, of course, this is the sort of very problem market competition is supposed to fix. According to economic theory, at least, the last thing a profit-seeking firm is going to do is shell out money to workers they don’t really need to employ. Still, somehow, it happens.
While corporations may engage in ruthless downsizing, the layoffs and speed-ups invariably fall on that class of people who are actually making, moving, fixing and maintaining things; through some strange alchemy no one can quite explain, the number of salaried paper-pushers ultimately seems to expand, and more and more employees find themselves, not unlike Soviet workers actually, working 40 or even 50 hour weeks on paper, but effectively working 15 hours just as Keynes predicted, since the rest of their time is spent organizing or attending motivational seminars, updating their facebook profiles or downloading TV box-sets.
The answer clearly isn’t economic: it’s moral and political.
In the book, Graeber expands on this idea with a very entertaining description of the many flavors of bullshit jobs, based on anecdotes from readers of his article. He follows that up with theories speculating on the cause of this situation. And wraps it all up with the conclusion that basically capitalists are all big meanies and invent bullshit jobs just to torture people and prevent the arrival of the Marxist utopia where no one has to do much real work and we all sit around and sing kumbaya and discuss philosophy. That’s too harsh a criticism of a very well researched and written book, but I have to confess I was sorely disappointed the first time I read it by the author’s failure to even entertain what seems like the obvious alternative explanation.
Graeber acknowledges in the book that it’s not surprising bullshit jobs exist inside government, although he doesn’t focus strongly enough on why that is. Like he does in the article, he tries to brush it off with the excuse that the same problem exists in the private sector. As he acknowledges, this isn’t supposed to happen in capitalism. He realizes that it makes no logical economic sense for a profit-seeking firm to hire workers to do nothing productive.
But then he follows that acknowledgement with the claim that “The answer clearly isn’t economic: it’s moral and political.” I’m sorry, what? How is that clear? How do you go from stating an obvious economic fact, to denying that the problem is economic, and call it “clear”.
“Still, somehow, it happens,” is not anywhere close to a sufficient explanation to rule out an economic factor.
The economic explanation
First, some definitions.
Capitalism is defined as “an economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market.”
A free market is “an economic system in which prices are based on competition among private businesses and are not controlled or regulated by a government: a market operating by free competition.”
Now that we made sure we’re talking about the same thing, we can analyze this issue logically.
Capitalism and free markets work through competition for customers. It’s an economic law that a customer won’t pay more for the same good or service when they could pay less. Someone can try to make obscure and esoteric objections and force me to emphasize the word “same” and analyze what the good or service being purchased actually is, but everyone else understands this intuitively. So if two companies are offering the same product for sale, all things being equal, the company offering lower prices will attract the customers. Pretty simple stuff.
Of course, the goal for the company is to generate profits. It’s literally in the definition of the word “capitalism”. So any system in which companies have a goal other than generating profits is, by definition, not capitalism.
A company can increase its profits two ways: raising prices, or lowering costs. We don’t have to get too philosophical to realize that if a company is paying someone to do nothing, the company could increase profits by firing that person and lowering their costs of production.
So the question is, why don’t they? Why do they hire people who increase their costs and lower their profits, thereby making them less competitive? And more importantly, if they do make that mistake, why don’t their competitors undercut their prices and take all the customers and bankrupt them?
I don’t think we can dismiss the economic factor as off-handedly as Graeber does. After all, making a profit is the fundamental, definitional purpose of a business or company in a capitalist economy. To say “companies in this capitalist economy are doing something completely antithetical to the very principles and definition of capitalism, so obviously they’re not doing it for economic reasons” is something of a non sequitur.
The conclusion, to me, seems obvious. We don’t have a capitalist economy. As far as I can tell, that’s true by definition. If companies aren’t even trying to achieve the goal companies must achieve to survive in a capitalist economy, and somehow they’re still surviving, that’s proof of the non-capitalist nature of the economy.
Which part of the capitalist system are we missing?
Well, let’s start with the obvious: there’s a lot of government in our economy. The government isn’t privately owned, which makes it not capitalist by definition. So any part of the economy that’s government is not capitalist.
Why is government not capitalist? Because government is not motivated to provide goods and services at a profit. Why not? Because government does not sell goods and services into a free market. Government gives away goods and services to its “customers” for free, because they’re paid for by people other than the consumers of the service. That payment comes in one of two ways: taxes, and debt. It’s not a voluntary transaction.
Which part of the capitalist system might private companies be missing?
They could be lacking competition. That is, operating a monopoly or cartel. If there’s no competing business to provide goods at lower prices, the company could hire people for useless jobs and compensate by raising prices. This places them outside the definition of capitalism, since “free competition” is part of the definition of a free market. Monopolies and cartels often develop and survive through protection by the government, which emphasizes their un-capitalistic nature.
They could be in a temporary situation where the people making the management decisions are sufficiently insulated from the market forces at play that their poor decisions can persist for a while. Many companies begin to lose their competitive edge at some point, after getting big enough to have economic inertia and for the management to be less accountable for business performance. If a company has grown big enough, they can start making poor financial decisions and absorb the lost profits, sometimes for years, before losing their market share to a smaller, more competitive rival. This isn’t really an absence of capitalism, just the natural creative destruction necessary for capitalism to function. The problem comes when a company that’s obviously uncompetitive is prevented from failing through un-capitalistic means. Maybe they’re big enough and wealthy enough to pressure the government into granting them monopoly status. This doesn’t have to be open, it’s often through creating such an impenetrable legal morass around the industry that no competitor can emerge. Or it can be in the form of a “too big to fail” direct government bailout.
The company could also be lacking that essential link between customer satisfaction and business income. In other words, maybe they aren’t selling to their customers. That can happen for various reasons.
Some companies are “private companies” but sell to the government. The government is not a customer in the capitalist sense, because the government spends money taken coercively from its subjects, not money earned voluntarily in the free market. So any company like Raytheon or Boeing that survives off government contracts can’t be accurately called a capitalist organization.
In an industry like healthcare, where the insurance companies are the middlemen in basically all transactions between patients and doctors, there are also lots of ways for bullshit jobs to proliferate. Patients don’t care how much a procedure costs, just that it helps them. Doctors don’t care how much a procedure costs, just that the insurance company will pay for it. And insurance companies don’t care whether a procedure helps the patient, they just want to collect as many premiums as possible while paying out as little for care as possible. The fact that the patient isn’t paying the doctor for their care breaks the necessary link between customer and producer that’s essential for a free market to function. That combines with the regulatory moat and cartel-like structure of the healthcare industry to prevent the competitive function of capitalism from occurring.
Companies could also be surviving off of money from someone other than their customers: bankers and investors. There’s obviously a role in a capitalist system for investors to support a new venture until it’s able to attract customers and establish a stable and profitable business model. But many companies today exist for much longer than economically reasonable without turning a profit. In the US, almost 2,000 of the 5,000 publicly traded companies with data available were classified as “zombie companies”, meaning they don’t even make enough profit to pay the interest on their debt. So they’re going deeper in the hole every year. How can this continue?
Well, the alternative to paying off your debt, is to borrow even more money to make payments on the debt you already owe. If this sounds similar to how the US government survives, then you’re beginning to get the picture.
How can banks keep loaning money to unprofitable businesses? And why would they do it? It doesn’t make sense… until you understand how banking works.
That’s really the core focus of most of my writing, and I’ve written multiple articles on money and banking explaining how the system works as I understand it. This would be a good one focused on banking specifically.
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To very briefly recap, banks don’t make loans by taking in money from depositors and loaning that money to borrowers. Instead, banks create new money that never existed before out of thin air and loan that new money to borrowers. Banks make a profit by charging borrowers interest on this newly created money, which costs them nothing to create. A pretty cushy gig, if you can get it.
So from the perspective of the banks, the more loans and debt outstanding, the better. Every dollar of debt is a dollar they can collect interest on. It cost them nothing to create, so the more, the merrier. In fact, the banks would prefer that the loan principle never be repaid, because once it’s repaid, they can no longer collect interest on that loan until they make another loan to replace it. As long as the borrower keeps paying interest, the banks are happy. And if they need to lend the borrower some more money so he can afford to pay the interest, that’s fine too. Anything but letting the loan default.
Given those incentives, how do you expect a chart of the outstanding loans and credit of US commercial banks to look?
If you guessed up only, you’d be correct.
So what does this banking system have to do with bullshit jobs? Well, I’d argue that the fractionally reserved fiat banking system, in and of itself, is an anti-capitalist system. Money is the communication layer of capitalism, as I’ve previously written.
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When one group of people can create money out of thin air, they have the ability to reallocate wealth in the economy. As long as the money is still functional, of course. Too much money creation and wealth reallocation, and people stop trusting the money. That’s when inflation becomes hyperinflation, the money no longer functions, and the whole system implodes.
Wealth reallocation by a small select group is the essence of a centrally planned socialist/Marxist economy. And we all know how efficient those economies are. In fact, Graeber himself mentioned the inefficiency of socialist states like the Soviet Union in his original article, and was not at all surprised by the existence of bullshit jobs in such an economic system. When wealth can be reallocated by central planners without regard to people’s preferences in a free market, inefficiency is never punished, so zombie companies full of bullshit jobs never go bankrupt.
The same thing happens under our “capitalist” system. Zombie companies full of bullshit jobs can get almost unlimited funding from too-big-to-fail banks, who don’t care whether they repay the loans, as long as they stay in business and keep making the interest payments. Sometimes the funding is in the form of loans directly, sometimes it’s in the form of massive stock market bubbles inflated by the endless money creation, sometimes through junk bond issuance funded by the same bubble economics, and sometimes it’s venture capital funds flush with liquidity for the same reason. Regardless, the cause, and the outcome, are the same.
The corrupt bankers own the corrupt politicians, so when the inevitable so-called black swan event occurs and the rotten edifice starts to quiver, another bailout is promptly rolled out. The government borrows trillions from their owners over at the Federal Reserve, who create the money out of thin air. The government sends it on over to the bankers who got caught with their hand in the cookie jar once again, and they paper over the massive holes in their balance sheet caused by blowing asset bubbles and funding inefficient zombie companies. Or sometimes, the government skips the middlemen entirely and bails out Boeing or whoever it happens to be directly.
And once again, bullshit jobs that couldn’t survive free market competition are rewarded at the expense of savers and taxpayers. As always, this flood of new liquidity flows out through the economy, causing inflation and boosting income for other inefficient companies that also deserved to fail. Creative destruction, a fundamental feature of a capitalist system, is avoided once again.
In my opinion, the banking system is at the root of the problem causing the proliferation of bullshit jobs. The system itself is, by design, fundamentally anti-capitalist in nature and function. It’s really a giant privately owned economic central planning system, in which a small fraction of people determine how resources are allocated, with privatized profits and socialized losses. The Soviet technocrats would be jealous.
Unfortunately, the bankers have successfully connected their industry so tightly to the term “capitalist” that showing people they’re anything but is almost impossible. To paraphrase the well-known quote, the greatest trick the bankers ever pulled was convincing the world that they’re the real capitalists.
Until the banking and monetary system fundamentally changes, inefficiency will persist and bullshit jobs will continue to proliferate. In my opinion, the problem is very much an economic problem. And it’s not a “late-stage capitalism” problem, it’s a “capitalism left the building a century ago” problem. We don’t need to get rid of capitalism, we’ve already done that. We need to bring sound money, and with it the possibility of a capitalist economy, back again.
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@ ecda4328:1278f072
2025-05-21 11:44:17An honest response to objections — and an answer to the most important question: why does any of this matter?
Last updated: May 21, 2025\ \ 📄 Document version:\ EN: https://drive.proton.me/urls/A4A8Y8A0RR#Sj2OBsBYJFr1\ RU: https://drive.proton.me/urls/GS9AS1NB30#ZdKKb5ackB5e
\ Statement: Deflation is not the enemy, but a natural state in an age of technological progress.\ Criticism: in real macroeconomics, long-term deflation is linked to depressions.\ Deflation discourages borrowers and investors, and makes debt heavier.\ Natural ≠ Safe.
1. “Deflation → Depression, Debt → Heavier”
This is true in a debt-based system. Yes, in a fiat economy, debt balloons to the sky, and without inflation it collapses.
But Bitcoin offers not “deflation for its own sake,” but an environment where you don’t need to be in debt to survive. Where savings don’t melt away.\ Jeff Booth said it clearly:
“Technology is inherently deflationary. Fighting deflation with the printing press is fighting progress.”
You don’t have to take on credit to live in this system. Which means — deflation is not an enemy, but an ally.
💡 People often confuse two concepts:
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That deflation doesn’t work in an economy built on credit and leverage — that’s true.
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That deflation itself is bad — that’s a myth.
📉 In reality, deflation is the natural state of a free market when technology makes everything cheaper.
Historical example:\ In the U.S., from the Civil War to the early 1900s, the economy experienced gentle deflation — alongside economic growth, employment expansion, and industrial boom.\ Prices fell: for example, a sack of flour cost \~$1.00 in 1865 and \~$0.50 in 1895 — and there was no crisis, because wages held and productivity increased.
Modern example:\ Consumer electronics over the past 20–30 years are a vivid example of technological deflation:\ – What cost $5,000 in 2000 (e.g., a 720p plasma TV) now costs $300 and delivers 10× better quality.\ – Phones, computers, cameras — all became far more powerful and cheaper at the same time.\ That’s how tech-driven deflation works: you get more for less.
📌 Bitcoin doesn’t make the world deflationary. It just doesn’t fight against deflation, unlike the fiat model that fights to preserve its debt pyramid.\ It stops punishing savers and rewards long-term thinkers.
Even economists often confuse organic tech deflation with crisis-driven (debt) deflation.
\ \ Statement: We’ve never lived in a truly free market — central banks and issuance always existed.\ Criticism: ideological statement.\ A truly “free” market is utopian.\ Banks and monetary issuance emerged in response to crises.\ A market without arbiters is not always fair, especially under imperfect competition.
2. “The Free Market Is a Utopia”
Yes, “pure markets” are rare. But what we have today isn’t regulation — it’s centralized power in the hands of central banks and cartels.
Bitcoin offers rules without rulers. 21 million. No one can change the issuance. It’s not ideology — it’s code instead of trust. And it has worked for 15 years.
💬 People often say that banks and centralized issuance emerged as a response to crises — as if the market couldn’t manage on its own.\ But if a system needs to be “rescued” again and again through money printing… maybe the problem isn’t freedom, but the system itself?
📌 Crises don’t disprove the value of free markets. They only reveal how fragile a system becomes when the price of money is set not by the market, but by a boardroom vote.\ Bitcoin doesn’t magically eliminate crises — it removes the root cause: the ability to manipulate money in someone’s interest.
\ \ Statement: Inflation is an invisible tax, especially on the poor and working class.\ Criticism: partly true: inflation can reduce debt burden, boost employment.\ The state indexes social benefits. Under stable inflation, compensators can work. Under deflation, things might be worse (mass layoffs, defaults).
3. “Inflation Can Help”
Theoretically — yes. Textbooks say moderate inflation can reduce debt burdens and stimulate consumption and jobs.\ But in practice — it works as a stealth tax, especially on those without assets. The wealthy escape — into real estate, stocks, funds.\ But the poor and working class lose purchasing power because their money is held in cash — and cash devalues.
💬 As Lyn Alden says:
“When your money can’t hold value, you’re forced to become an investor — even if you just want to save and live.”
The state may index pensions or benefits — but always with a lag, and always less than actual price increases.\ If bread rises 15% and your payment increase is 5%, you got poorer, even if the number on paper went up.
💥 We live in an inflationary system of everything:\ – Inflationary money\ – Inflationary products\ – Inflationary content\ – And now even inflationary minds
🧠 This is more than just rising prices — it’s a degradation of reality perception. You’re always rushing, everything loses meaning.\ But when did the system start working against you?
📉 What went wrong after 1971?
This chart shows that from 1948 to the early 1970s, productivity and wages grew together.\ But after the end of the gold standard in 1971 — the connection broke. Productivity kept rising, but real wages stalled.
👉 This means: you work more, better, faster — but buy less.
🔗 Source: wtfhappenedin1971.com
When you must spend today because tomorrow it’ll be worth less — that’s rewarding impulse and punishing long-term thinking.
Bitcoin offers a different environment:\ – Savings work\ – Long-term thinking is rewarded\ – The price of the future is calculated, not forced by a printing press
📌 Inflation can be a tool. But in government hands, it became a weapon — a slow, inevitable upward redistribution of wealth.
\ \ Statement: War is not growth, but a reallocation of resources into destruction.
Criticism: war can spur technological leaps (Internet, GPS, nuclear energy — all from military programs). "Military Keynesianism" was a real model.
4. “War Drives R&D”
Yes, wars sometimes give rise to tech spin-offs: Internet, GPS, nuclear power — all originated from military programs.
But that doesn’t make war a source of progress — it makes tech a byproduct of catastrophe.
“War reallocates resources toward destruction — not growth.”
Progress doesn’t happen because of war — it happens despite it.
If scientific breakthroughs require a million dead and burnt cities — maybe you’ve built your economy wrong.
💬 Even Michael Saylor said:
“If you need war to develop technology — you’ve built civilization wrong.”
No innovation justifies diverting human labor, minds, and resources toward destruction.\ War is always the opposite of efficiency — more is wasted than created.
🧠 Bitcoin, on the other hand, is an example of how real R&D happens without violence.\ No taxes. No army. Just math, voluntary participation, and open-source code.
📌 Military Keynesianism is not a model of progress — it’s a symptom of a sick monetary system that needs destruction to reboot.
Bitcoin shows that coordination without violence is possible.\ This is R&D of a new kind: based not on destruction, but digital creation.
Statement: Bitcoin isn’t “Gold 1.0,” but an improved version: divisible, verifiable, unseizable.
Criticism: Bitcoin has no physical value; "unseizability" is a theory;\ Gold is material and autonomous.
5. “Bitcoin Has No Physical Value”
And gold does? Just because it shines?
Physical form is no guarantee of value.\ Real value lies in: scarcity, reliable transfer, verifiability, and non-confiscatability.
Gold is:\ – Hard to divide\ – Hard to verify\ – Expensive to store\ – Easy to seize
💡 Bitcoin is the first store of value in history that is fully free from physical limitations, and yet:\ – Absolutely scarce (21M, forever)\ – Instantly transferable over the Internet\ – Cryptographically verifiable\ – Controlled by no government
🔑 Bitcoin’s value lies in its liberation from the physical.\ It doesn’t need to be “backed” by gold or oil. It’s backed by energy, mathematics, and ongoing verification.
“Price is what you pay, value is what you get.” — Warren Buffett
When you buy bitcoin, you’re not paying for a “token” — you’re gaining access to a network of distributed financial energy.
⚡️ What are you really getting when you own bitcoin?\ – A key to a digital asset that can’t be faked\ – The ability to send “crystallized energy” anywhere on Earth (it takes 10 minutes on the base L1 layer, or instantly via the Lightning Network)\ – A role in a new accounting system that runs 24/7/365\ – Freedom: from banks, borders, inflation, and force
📉 Bitcoin doesn’t require physical value — because it creates value:\ Through trust, scarcity, and energy invested in mining.\ And unlike gold, it was never associated with slavery.
Statement: There’s no “income without risk” in Bitcoin: just hold — you preserve; want more — invest, risk, build.
Criticism: contradicts HODL logic; speculation remains dominant behavior.
6. “Speculation Dominates”
For now — yes. That’s normal for the early phase of a new technology. Awareness doesn’t come instantly.
What matters is not the motive of today’s buyer — but what they’re buying.
📉 A speculator may come and go — but the asset remains.\ And this asset is the only one in history that will never exist again. 21 million. Forever.
📌 Look deeper. Bitcoin has:\ – No CEO\ – No central issuer\ – No inflation\ – No “off switch”\ 💡 It was fairly distributed — through mining, long before ASICs existed. In the early years, bitcoin was spent and exchanged — not hoarded. Only those who truly believed in it are still holding it today.
💡 It’s not a stock. Not a startup. Not someone’s project.\ It’s a new foundation for trust.\ It’s opting out of a system where freedom is a privilege you’re granted under conditions.
🧠 People say: “Bitcoin can be copied.”\ Theoretically — yes.\ Practically — never.
Here’s what you’d need to recreate Bitcoin:\ – No pre-mine\ – A founder who disappears and never sells\ – No foundation or corporation\ – Tens of thousands of nodes worldwide\ – 701 million terahashes of hash power\ – Thousands of devs writing open protocols\ – Hundreds of global conferences\ – Millions of people defending digital sovereignty\ – All that without a single marketing budget
That’s all.
🔁 Everything else is an imitation, not a creation.\ Just like you can’t “reinvent fire” — Bitcoin can only exist once.
Statements:\ **The Russia's '90s weren’t a free market — just anarchic chaos without rights protection.\ **Unlike fiat or even dollars, Bitcoin is the first asset with real defense — from governments, inflation, even thugs.\ *And yes, even if your barber asks about Bitcoin — maybe it's not a bubble, but a sign that inflation has already hit everyone.
Criticism: Bitcoin’s protection isn’t universal — it works only with proper handling and isn’t available to all.\ Some just want to “get rich.”\ None of this matters because:
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Bitcoin’s volatility (-30% in a week, +50% in a month) makes it unusable for price planning or contracts.
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It can’t handle mass-scale usage.
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To become currency, geopolitical will is needed — and without the first two, don’t even talk about the third.\ Also: “Bitcoin is too complicated for the average person.”
7. “It’s Too Complex for the Masses”
It’s complex — if you’re using L1 (Layer 1). But even grandmas use Telegram. In El Salvador, schoolkids buy lunch with Lightning. My barber installed Wallet of Satoshi in minutes right in front of me — and I now pay for my haircut via Lightning.
UX is just a matter of time. And it’s improving. Emerging tools:\ Cashu, Fedimint, Fedi, Wallet of Satoshi, Phoenix, Proton Wallet, Swiss Bitcoin Pay, Bolt Card / CoinCorner (NFC cards for Lightning payments).
This is like the internet in 1995:\ It started with modems — now it’s 4K streaming.
💸 Now try sending a regular bank transfer abroad:\ – you need to type a long IBAN\ – add SWIFT/BIC codes\ – include the recipient’s full physical address (!), compromising their privacy\ – sometimes add extra codes or “purpose of payment”\ – you might get a call from your bank “just to confirm”\ – no way to check the status — the money floats somewhere between correspondent/intermediary banks\ – weekends or holidays? Banks are closed\ – and don’t forget the limits, restrictions, and potential freezes
📌 With Bitcoin, you just scan a QR code and send.\ 10 minutes on-chain = final settlement.\ Via Lightning = instant and nearly free.\ No bureaucracy. No permission. No borders.
8. “Can’t Handle the Load”
A common myth.\ Yes, Bitcoin L1 processes about 7 transactions per second — intentionally. It’s not built to be Visa. It’s a financial protocol, just like TCP/IP is a network protocol. TCP/IP isn’t “fast” or “slow” — the experience depends on the infrastructure built on top: servers, routers, hardware. In the ’90s, it delivered text. Today, it streams Netflix. The protocol didn’t change — the stack did.
Same with Bitcoin: L1 defines rules, security, finality.\ Scaling and speed? That’s the second layer’s job.
To understand scale:
| Network | TPS (Transactions/sec) | | --- | --- | | Visa | up to 24,000 | | Mastercard | \~5,000 | | PayPal | \~193 | | Litecoin | \~56 | | Ethereum | \~20 | | Bitcoin | \~7 |
\ ⚡️ Enter Lightning Network — Bitcoin’s “fast lane.”\ It allows millions of transactions per second, instantly and nearly free.
And it’s not a sidechain.
❗️ Lightning is not a separate network.\ It uses real Bitcoin transactions (2-of-2 multisig). You can close the channel to L1 at any time. It’s not an alternative — it’s a native extension built into Bitcoin.\ Also evolving: Ark, Fedimint, eCash — new ways to scale and add privacy.
📉 So criticizing Bitcoin for “slowness” is like blaming TCP/IP because your old modem won’t stream YouTube.\ The protocol isn’t the problem — it’s the infrastructure.
🛡️ And by the way: Visa crashes more often than Bitcoin.
9. “We Need Geopolitical Will”
Not necessarily. All it takes is the will of the people — and leaders willing to act. El Salvador didn’t wait for G20 approval or IMF blessings. Since 2001, the country had used the US dollar as its official currency, abandoning its own colón. But that didn’t save it from inflation or dependency on foreign monetary policy. In 2021, El Salvador became the first country to recognize Bitcoin as legal tender. Since March 13, 2024, they’ve been purchasing 1 BTC daily, tracked through their public address:
🔗 Address\ 📅 First transaction
This policy became the foundation of their Strategic Bitcoin Reserve (SBR) — a state-led effort to accumulate Bitcoin as a national reserve asset for long-term stability and sovereignty.
Their example inspired others.
In March 2025, U.S. President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve of the USA, to be funded through confiscated Bitcoin and digital assets.\ The idea: accumulate, don’t sell, and strategically expand the reserve — without extra burden on taxpayers.
Additionally, Senator Cynthia Lummis (Wyoming) proposed the BITCOIN Act, targeting the purchase of 1 million BTC over five years (\~5% of the total supply).\ The plan: fund it via revaluation of gold certificates and other budget-neutral strategies.
📚 More: Strategic Bitcoin Reserve — Wikipedia
👉 So no global consensus is required. No IMF greenlight.\ All it takes is conviction — and an understanding that the future of finance lies in decentralized, scarce assets like Bitcoin.
10. “-30% in a week, +50% in a month = not money”
True — Bitcoin is volatile. But that’s normal for new technologies and emerging money. It’s not a bug — it’s a price discovery phase. The world is still learning what this asset is.
📉 Volatility is the price of entry.\ 📈 But the reward is buying the future at a discount.
As Michael Saylor put it:
“A tourist sees Niagara Falls as chaos — roaring, foaming, spraying water.\ An engineer sees immense energy.\ It all depends on your mental model.”
Same with Bitcoin. Speculators see chaos. Investors see structural scarcity. Builders see a new financial foundation.
💡 Now consider gold:
👉 After the gold standard was abandoned in 1971, the price of gold skyrocketed from around \~$300 to over $2,700 (adjusted to 2023 dollars) by 1980. Along the way, it experienced extreme volatility — with crashes of 40–60% even amid the broader uptrend.\ 💡 (\~$300 is the inflation-adjusted equivalent of about $38 in 1971 dollars)\ 📈 Source: Gold Price Chart — Macrotrends\ \ Nobody said, “This can’t be money.” \ Because money is defined not by volatility, but by scarcity, adoption, and trust — which build over time.
📊 The more people save in Bitcoin, the more its volatility fades.
This is a journey — not a fixed state.
We don’t judge the internet by how it worked in 1994.\ So why expect Bitcoin to be the “perfect currency” in 2025?
It grows bottom-up — without regulators’ permission.\ And the longer it survives, the stronger it becomes.
Remember how many times it’s been declared dead.\ And how many times it came back — stronger.
📊 Gold vs. Bitcoin: Supply Comparison
This chart shows the key difference between the two hard assets:
🔹 Gold — supply keeps growing.\ Mining may be limited, but it’s still inflationary.\ Each year, there’s more — with no known cap: new mines, asteroid mining, recycling.
🔸 Bitcoin — capped at 21 million.\ The emission schedule is public, mathematically predictable, and ends completely around 2140.
🧠 Bottom line:\ Gold is good.\ Bitcoin is better — for predictability and scarcity.
💡 As Saifedean Ammous said:
“Gold was the best monetary good… until Bitcoin.”
### While we argue — fiat erodes every day.
No matter your view on Bitcoin, just show me one other asset that is simultaneously:
– immune to devaluation by decree\ – impossible to print more of\ – impossible to confiscate by a centralized order\ – impossible to counterfeit\ – and, most importantly — transferable across borders without asking permission from a bank, a state, or a passport
💸 Try sending $10,000 through PayPal from Iran to Paraguay, or Bangladesh to Saint Lucia.\ Good luck. PayPal doesn't even work there.
Now open a laptop, type 12 words — and you have access to your savings anywhere on Earth.
🌍 Bitcoin doesn't ask for permission.\ It works for everyone, everywhere, all the time.
📌 There has never been anything like this before.
Bitcoin is the first asset in history that combines:
– digital nature\ – predictable scarcity\ – absolute portability\ – and immunity from tyranny
💡 As Michael Saylor said:
“Bitcoin is the first money in human history not created by bankers or politicians — but by engineers.”
You can own it with no bank.\ No intermediary.\ No passport.\ No approval.
That’s why Bitcoin isn’t just “internet money” or “crypto” or “digital gold.”\ It may not be perfect — but it’s incorruptible.\ And it’s not going away.\ It’s already here.\ It is the foundation of a new financial reality.
🔒 This is not speculation. This is a peaceful financial revolution.\ 🪙 This is not a stock. It’s money — like the world has never seen.\ ⛓️ This is not a fad. It’s a freedom protocol.
And when even the barber starts asking about Bitcoin — it’s not a bubble.\ It’s a sign that the system is breaking.\ And people are looking for an exit.
For the first time — they have one.
💼 This is not about investing. It’s about the dignity of work.
Imagine a man who cleans toilets at an airport every day.
Not a “prestigious” job.\ But a crucial one.\ Without him — filth, bacteria, disease.
He shows up on time. He works with his hands.
And his money? It devalues. Every day.
He doesn’t work less — often he works more than those in suits.\ But he can afford less and less — because in this system, honest labor loses value each year.
Now imagine he’s paid in Bitcoin.
Not in some “volatile coin,” but in hard money — with a limited supply.\ Money that can’t be printed, reversed, or devalued by central banks.
💡 Then he could:
– Stop rushing to spend, knowing his labor won’t be worth less tomorrow\ – Save for a dream — without fear of inflation eating it away\ – Feel that his time and effort are respected — because they retain value
Bitcoin gives anyone — engineer or janitor — a way out of the game rigged against them.\ A chance to finally build a future where savings are real.
This is economic justice.\ This is digital dignity.
📉 In fiat, you have to spend — or your money melts.\ 📈 In Bitcoin, you choose when to spend — because it’s up to you.
🧠 In a deflationary economy, both saving and spending are healthy:
You don’t scramble to survive — you choose to create.
🎯 That’s true freedom.
When even someone cleaning floors can live without fear —\ and know that their time doesn’t vanish... it turns into value.
🧱 The Bigger Picture
Bitcoin is not just a technology — it’s rooted in economic philosophy.\ The Austrian School of Economics has long argued that sound money, voluntary exchange, and decentralized decision-making are prerequisites for real prosperity.\ Bitcoin doesn’t reinvent these ideas — it makes them executable.
📉 Inflation doesn’t just erode savings.\ It quietly destroys quality of life.\ You work more — and everything becomes worse:\ – food is cheaper but less nutritious\ – homes are newer but uglier and less durable\ – clothes cost more but fall apart in months\ – streaming is faster, but your attention span collapses\ This isn’t just consumerism — it’s the economics of planned obsolescence.
🧨 Meanwhile, the U.S. debt has exceeded 3x its GDP.\ And nobody wants to buy U.S. bonds anymore — so the U.S. has to buy its own debt.\ Yes: printing money to buy the IOUs you just printed.\ This is the endgame of fiat.
🎭 Bonds are often sold as “safe.”\ But in practice, they are a weapon — especially abroad.\ The U.S. and IMF give loans to developing countries.\ But when those countries can’t repay (due to rigged terms or global economic headwinds), they’re forced to sell land, resources, or strategic assets.\ Both sides lose: the debtor collapses under the weight of debt, while the creditor earns resentment and instability.\ This isn’t cooperation — it’s soft colonialism enabled by inflation.
📌 Bitcoin offers a peaceful exit.\ A financial system where money can’t be created out of thin air.\ Where savings work.\ Where dignity is restored — even for those who clean toilets.
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@ fa984bd7:58018f52
2025-05-21 09:51:34This post has been deleted.
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@ 04c915da:3dfbecc9
2025-05-20 15:53:48This 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.
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@ cae03c48:2a7d6671
2025-05-23 12:00:52Bitcoin Magazine
KindlyMD, Nakamoto, and Anchorage Digital Form Strategic Bitcoin Treasury AllianceNakamoto Holdings Inc., KindlyMD, Inc., and Anchorage Digital today announced a strategic partnership that will see Anchorage become a trading partner for KindlyMD’s Bitcoin treasury. The partnership will officially take effect upon the close of KindlyMD’s merger with Nakamoto, expected in Q3 2025.
NEW! Anchorage Digital
@Nakamoto @KindlyMD
Today we’re thrilled to announce a strategic partnership with Nakamoto Holdings and $KDLY to accelerate the future of corporate Bitcoin adoption. pic.twitter.com/nQueTyutQH
— Anchorage Digital
(@Anchorage) May 21, 2025
Anchorage Digital, a U.S. federally chartered digital asset bank, will provide institutional-grade custody, 24/7 trading, and deep liquidity to support the Bitcoin strategy of the combined entity.
“In the not-so-distant-future, the omission of Bitcoin on a balance sheet will be more glaring than its inclusion,” said Nathan McCauley, CEO and Co-Founder of Anchorage Digital. “Until then, companies like Nakamoto-KindlyMD are pioneering a new path forward—one in which Bitcoin is at the heart of corporate strategy.”
The future of corporate treasury strategy is Bitcoin-native. We're here to make it happen. Pumped to be partnering with @Nakamoto and @KindlyMD.@DavidFBailey’s vision continues to open new doors.
— Nathan McCauley
(@nathanmccauley) May 21, 2025
The merger between KindlyMD and Nakamoto is backed by approximately $710 million in financing, including $510 million in PIPE funding—the largest ever PIPE for a public crypto-related deal. The goal is to establish a Bitcoin-native corporate treasury strategy that redefines how capital markets engage with digital assets.
“Our goal is to bring Bitcoin to the center of global capital markets within a compliant, transparent structure,” said David Bailey, Founder and CEO of Nakamoto Holdings Inc. “We are excited to partner with Anchorage Digital to implement our vision with the highest levels of security and battle-tested infrastructure and enable us to deliver sustained value to shareholders.”
This announcement follows a key milestone on May 18, when KindlyMD shareholders approved the proposed merger with Nakamoto. The transaction is now expected to close in Q3 2025, pending SEC review and information statement distribution.
“This milestone brings us one step closer to unlocking Bitcoin’s potential for KindlyMD shareholders,” Bailey said yesterday. “We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet.”
With its Bitcoin-first strategy and strategic alliances, the Nakamoto-KindlyMD partnership is set to accelerate institutional Bitcoin adoption—and with Anchorage Digital’s infrastructure behind it, the foundation is now firmly in place.
“By collaborating with Anchorage Digital, we are implementing our Bitcoin treasury strategy with the utmost standards in safety and security for our shareholders,” stated Tim Pickett, CEO of KindlyMD. “Their institutional-grade platform allows us to confidently hold Bitcoin as a treasury asset as we look to unlock access to Bitcoin and drive value for the long term.”
Disclosure: Nakamoto is in partnership with Bitcoin Magazine’s parent company BTC Inc to build the first global network of Bitcoin treasury companies, where BTC Inc provides certain marketing services to Nakamoto. More information on this can be found here.
This post KindlyMD, Nakamoto, and Anchorage Digital Form Strategic Bitcoin Treasury Alliance first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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@ 04c915da:3dfbecc9
2025-05-20 15:50:22There 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. 🫡
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@ 975e4ad5:8d4847ce
2025-05-23 08:47:08Bitcoin Is Not Just an Asset
When Satoshi Nakamoto introduced Bitcoin in 2009, the vision was clear: a decentralized currency for everyday transactions, from buying coffee to paying bills. It was designed to bypass banks and governments, empowering individuals with financial freedom. But when Bitcoin is treated as “digital gold” and locked away in wallets, it fails to fulfill this vision. Instead of replacing fiat currencies, it becomes just another investment, leaving people reliant on dollars, euros, or other traditional currencies for their daily needs.
The Problem with HODLing and Loans
Some Bitcoin enthusiasts advocate holding their coins indefinitely and taking loans against them rather than spending. This approach may seem financially savvy—Bitcoin’s value often rises over time, and loans provide liquidity without selling. But this prioritizes personal gain over the broader goal of financial revolution. Someone who holds Bitcoin while spending fiat isn’t supporting Bitcoin’s mission; they’re merely using it to stay wealthy within the existing system. This undermines the dream of a decentralized financial future.
Lightning Network: Fast and Cheap Transactions
One common argument against using Bitcoin for daily purchases is the high fees and slow transaction times on the main blockchain. Enter the Lightning Network, a second-layer solution that enables near-instant transactions with minimal fees. Imagine paying for groceries or ordering a pizza with Bitcoin, quickly and cheaply. This technology makes Bitcoin practical for everyday use, paving the way for widespread adoption.
Why Using Bitcoin Matters
If Bitcoin is only hoarded and not spent, it will remain a niche asset that shields against inflation but doesn’t challenge the fiat system. For Bitcoin to become a true alternative currency, it must be used everywhere—in stores, online platforms, and peer-to-peer exchanges. The more people and businesses accept Bitcoin, the closer we get to a world where decentralized currency is the norm. This isn’t just an investment; it’s a movement for financial freedom.\ \ Bitcoin wasn’t created to sit idly in wallets or serve as collateral for loans. It’s a tool for change that demands active use. If we want a world where individuals control their finances, we must start using Bitcoin—not just to avoid poverty, but to build a new financial reality.
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@ 04c915da:3dfbecc9
2025-05-20 15:47:16Here’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
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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@ eb0157af:77ab6c55
2025-05-23 10:01:28A Chinese printer company inadvertently distributed malware that steals Bitcoin through its official drivers, resulting in the theft of over $950,000.
According to local media outlet Landian News, a Chinese printer manufacturer was found to have unknowingly distributed malware designed to steal Bitcoin through its official device drivers.
Procolored, a Shenzhen-based printer company, distributed malware capable of stealing Bitcoin alongside the official drivers for its devices. The company reportedly used USB devices to spread infected drivers and uploaded the compromised software to globally accessible cloud storage services.
Crypto security and compliance firm SlowMist explained how the malware works in a post on X:
The official driver provided by this printer carries a backdoor program. It will hijack the wallet address in the user's clipboard and replace it with the attacker's address: 1BQZKqdp2CV3QV5nUEsqSg1ygegLmqRygj
According to @MistTrack_io, the attacker has stolen 9.3086… https://t.co/DHCkEpHhuH pic.twitter.com/W1AnUpswLU
— MistTrack
(@MistTrack_io) May 19, 2025
The consequences of the breach have been significant, with a total of 9.3 BTC stolen — equivalent to over $950,000.
The issue was first flagged by YouTuber Cameron Coward, whose antivirus software detected malware in the drivers during a test of a Procolored UV printer. The software identified both a worm and a trojan virus named Foxif.
When contacted, Procolored denied the accusations, dismissing the antivirus warning as a false positive. Coward then turned to Reddit, where he shared the issue with cybersecurity professionals, drawing the attention of security firm G Data.
G Data’s investigation revealed that most of Procolored’s drivers were hosted on the MEGA file-sharing platform, with uploads dating back to October 2023. Their analysis confirmed the presence of two separate malware strains: the Win32.Backdoor.XRedRAT.A backdoor and a crypto-stealer designed to replace clipboard wallet addresses with those controlled by the attacker.
G Data reached out to Procolored, which stated that it had removed the infected drivers from its storage as of May 8 and had re-scanned all files. The company attributed the malware to a supply chain compromise, saying the malicious files were introduced via infected USB devices before being uploaded online.
Landian News recommended that users who downloaded Procolored drivers in the past six months “immediately run a full system scan using antivirus software.” However, given that antivirus tools are not always reliable, the Chinese media outlet suggested that a full system reset is the safest option when in doubt.
The post Bitcoin malware discovered: Chinese printer manufacturer involved appeared first on Atlas21.
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@ f6488c62:c929299d
2025-05-23 09:48:20ในวันที่ 23 พฤษภาคม 2568 The Wall Street Journal รายงานข่าวที่น่าสนใจว่า ธนาคารยักษ์ใหญ่ของสหรัฐฯ เช่น JPMorgan Chase, Bank of America, Citigroup และ Wells Fargo กำลังพิจารณาความเป็นไปได้ในการพัฒนา Stablecoin ร่วมกัน เพื่อก้าวเข้าสู่โลกของคริปโตเคอเรนซีอย่างเต็มตัว การเคลื่อนไหวครั้งนี้ไม่เพียงสะท้อนถึงการยอมรับสินทรัพย์ดิจิทัลในระบบการเงินกระแสหลัก แต่ยังเป็นก้าวสำคัญในการรักษาความเป็นผู้นำของเงินดอลลาร์สหรัฐในยุคการเงินดิจิทัล.
Stablecoin: อนาคตของการชำระเงินดิจิทัล Stablecoin เป็นสกุลเงินดิจิทัลที่ออกแบบมาเพื่อลดความผันผวนโดยผูกมูลค่ากับสินทรัพย์ที่มีเสถียรภาพ เช่น เงินดอลลาร์สหรัฐ ทำให้เหมาะสำหรับการใช้ในระบบการชำระเงิน การโอนเงินข้ามพรมแดน และการเงินแบบกระจายศูนย์ (DeFi). การที่ธนาคารใหญ่ของสหรัฐฯ หันมาสนใจ Stablecoin ร่วมกัน แสดงถึงความพยายามในการปรับตัวให้เข้ากับความต้องการของผู้บริโภคยุคใหม่ที่ต้องการความรวดเร็วและประหยัดต้นทุนในการทำธุรกรรมทางการเงิน.
ทำไมธนาคารถึงสนใจ Stablecoin? ในปี 2568 ตลาดคริปโตเคอเรนซีกำลังร้อนแรง โดยมูลค่าตลาดรวมของคริปโตทั่วโลกอยู่ที่ 3.64 ล้านล้านดอลลาร์ ซึ่งในจำนวนนี้ Bitcoin มีมูลค่าตลาดสูงสุดที่ 2.2 ล้านล้านดอลลาร์ และราคา Bitcoin ล่าสุดพุ่งแตะ 111,160.66 ดอลลาร์ (ข้อมูล ณ วันที่ 23 พฤษภาคม 2568 เวลา 16:44 น. ตามเขตเวลา +07) นอกจากนี้ ยังมีเม็ดเงินไหลเข้าสู่กองทุนสินทรัพย์ดิจิทัลในสหรัฐฯ กว่า 7.5 พันล้านดอลลาร์ การที่ธนาคารยักษ์ใหญ่ที่มีมูลค่ารวมกันถึง 8 ล้านล้านดอลลาร์เข้ามาในสนามนี้ แสดงถึงศักยภาพในการเปลี่ยนแปลงภูมิทัศน์ของอุตสาหกรรมการเงิน. นโยบายที่เอื้ออำนวยต่อคริปโตในยุคของประธานาธิบดีโดนัลด์ ทรัมป์ และการลดดอกเบี้ยนโยบายของ Fed ยังเป็นปัจจัยสนับสนุนที่สำคัญ.
โอกาสและความท้าทาย การพัฒนา Stablecoin ร่วมกันของธนาคารเหล่านี้เปิดโอกาสให้สหรัฐฯ รักษาความเป็นผู้นำในระบบการเงินดิจิทัล และเพิ่มประสิทธิภาพในระบบการชำระเงินทั่วโลก อย่างไรก็ตาม ความท้าทายที่รออยู่คือการแข่งขันกับ Stablecoin ที่ครองตลาด เช่น USDT และ USDC รวมถึงความไม่แน่นอนด้านกฎระเบียบและความผันผวนของเศรษฐกิจโลกจากนโยบายการค้าของสหรัฐฯ. ธนาคารจะต้องลงทุนในโครงสร้างพื้นฐานที่ปลอดภัยและสอดคล้องกับกฎหมาย เพื่อสร้างความไว้วางใจจากผู้ใช้.
มองไปข้างหน้า การที่ธนาคารชั้นนำของสหรัฐฯ หันมาสนใจ Stablecoin เป็นสัญญาณที่ชัดเจนว่าโลกการเงินกำลังเปลี่ยนผ่านสู่ยุคดิจิทัลอย่างเต็มรูปแบบ การเคลื่อนไหวครั้งนี้อาจเป็นจุดเปลี่ยนที่ทำให้คริปโตเคอเรนซีกลายเป็นส่วนสำคัญของระบบการเงินกระแสหลัก อย่างไรก็ตาม ความสำเร็จจะขึ้นอยู่กับความสามารถในการสร้างนวัตกรรมที่ตอบโจทย์ผู้บริโภคและการจัดการกับความท้าทายด้านกฎระเบียบและการแข่งขันในตลาด. ในอนาคตอันใกล้ Stablecoin จากธนาคารยักษ์ใหญ่อาจกลายเป็นตัวเปลี่ยนเกมในวงการการเงินโลก และเป็นเครื่องมือสำคัญในการเชื่อมโยงระบบการเงินแบบดั้งเดิมเข้ากับโลกดิจิทัล นักลงทุนและผู้บริโภคควรจับตาดูความคืบหน้าของโครงการนี้อย่างใกล้ชิด เพราะมันอาจเป็นก้าวแรกสู่การปฏิวัติครั้งใหญ่ในวงการการเงิน.
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@ 7460b7fd:4fc4e74b
2025-05-21 02:35:36如果比特币发明了真正的钱,那么 Crypto 是什么?
引言
比特币诞生之初就以“数字黄金”姿态示人,被支持者誉为人类历史上第一次发明了真正意义上的钱——一种不依赖国家信用、总量恒定且不可篡改的硬通货。然而十多年过去,比特币之后蓬勃而起的加密世界(Crypto)已经远超“货币”范畴:从智能合约平台到去中心组织,从去央行的稳定币到戏谑荒诞的迷因币,Crypto 演化出一个丰富而混沌的新生态。这不禁引发一个根本性的追问:如果说比特币解决了“真金白银”的问题,那么 Crypto 又完成了什么发明?
Crypto 与政治的碰撞:随着Crypto版图扩张,全球政治势力也被裹挟进这场金融变革洪流(示意图)。比特币的出现重塑了货币信用,但Crypto所引发的却是一场更深刻的政治与治理结构实验。从华尔街到华盛顿,从散户论坛到主权国家,越来越多人意识到:Crypto不只是技术或金融现象,而是一种全新的政治表达结构正在萌芽。正如有激进论者所断言的:“比特币发明了真正的钱,而Crypto则在发明新的政治。”价格K线与流动性曲线,或许正成为这个时代社群意志和社会价值观的新型投射。
冲突结构:当价格挑战选票
传统政治中,选票是人民意志的载体,一人一票勾勒出民主治理的正统路径。而在链上的加密世界里,骤升骤降的价格曲线和真金白银的买卖行为却扮演起了选票的角色:资金流向成了民意走向,市场多空成为立场表决。价格行为取代选票,这听来匪夷所思,却已在Crypto社群中成为日常现实。每一次代币的抛售与追高,都是社区对项目决策的即时“投票”;每一根K线的涨跌,都折射出社区意志的赞同或抗议。市场行为本身承担了决策权与象征权——价格即政治,正在链上蔓延。
这一新生政治形式与旧世界的民主机制形成了鲜明冲突。bitcoin.org中本聪在比特币白皮书中提出“一CPU一票”的工作量证明共识,用算力投票取代了人为决策bitcoin.org。而今,Crypto更进一步,用资本市场的涨跌来取代传统政治的选举。支持某项目?直接购入其代币推高市值;反对某提案?用脚投票抛售资产。相比漫长的选举周期和层层代议制,链上市场提供了近乎实时的“公投”机制。但这种机制也引发巨大争议:资本的投票天然偏向持币多者(富者)的意志,是否意味着加密政治更为金权而非民权?持币多寡成为影响力大小,仿佛选举演变成了“一币一票”,巨鲸富豪俨然掌握更多话语权。这种与民主平等原则的冲突,成为Crypto政治形式饱受质疑的核心张力之一。
尽管如此,我们已经目睹市场投票在Crypto世界塑造秩序的威力:2016年以太坊因DAO事件分叉时,社区以真金白银“投票”决定了哪条链获得未来。arkhamintelligence.com结果是新链以太坊(ETH)成为主流,其市值一度超过2,800亿美元,而坚持原则的以太经典(ETC)市值不足35亿美元,不及前者的八十分之一arkhamintelligence.com。市场选择清楚地昭示了社区的政治意志。同样地,在比特币扩容之争、各类硬分叉博弈中,无不是由投资者和矿工用资金与算力投票,胜者存续败者黯然。价格成为裁决纷争的最终选票,冲击着传统“选票决胜”的政治理念。Crypto的价格民主,与现代代议民主正面相撞,激起当代政治哲思中前所未有的冲突火花。
治理与分配
XRP对决SEC成为了加密世界“治理与分配”冲突的经典战例。2020年底,美国证券交易委员会(SEC)突然起诉Ripple公司,指控其发行的XRP代币属于未注册证券,消息一出直接引爆市场恐慌。XRP价格应声暴跌,一度跌去超过60%,最低触及0.21美元coindesk.com。曾经位居市值前三的XRP险些被打入谷底,监管的强硬姿态似乎要将这个项目彻底扼杀。
然而XRP社区没有选择沉默。 大批长期持有者组成了自称“XRP军团”(XRP Army)的草根力量,在社交媒体上高调声援Ripple,对抗监管威胁。面对SEC的指控,他们集体发声,质疑政府选择性执法,声称以太坊当年发行却“逍遥法外”,只有Ripple遭到不公对待coindesk.com。正如《福布斯》的评论所言:没人预料到愤怒的加密散户投资者会掀起法律、政治和社交媒体领域的‘海啸式’反击,痛斥监管机构背弃了保护投资者的承诺crypto-law.us。这种草根抵抗监管的话语体系迅速形成:XRP持有者不但在网上掀起舆论风暴,还采取实际行动向SEC施压。他们发起了请愿,抨击SEC背离保护投资者初衷、诉讼给个人投资者带来巨大伤害,号召停止对Ripple的上诉纠缠——号称这是在捍卫全球加密用户的共同利益bitget.com。一场由民间主导的反监管运动就此拉开帷幕。
Ripple公司则选择背水一战,拒绝和解,在法庭上与SEC针锋相对地鏖战了近三年之久。Ripple坚称XRP并非证券,不应受到SEC管辖,即使面临沉重法律费用和业务压力也不妥协。2023年,这场持久战迎来了标志性转折:美国法庭作出初步裁决,认定XRP在二级市场的流通不构成证券coindesk.com。这一胜利犹如给沉寂已久的XRP注入强心针——消息公布当天XRP价格飙涨近一倍,盘中一度逼近1美元大关coindesk.com。沉重监管阴影下苟延残喘的项目,凭借司法层面的突破瞬间重获生机。这不仅是Ripple的胜利,更被支持者视为整个加密行业对SEC强权的一次胜仗。
XRP的对抗路线与某些“主动合规”的项目形成了鲜明对比。 稳定币USDC的发行方Circle、美国最大合规交易所Coinbase等选择了一条迎合监管的道路:它们高调拥抱现行法规,希望以合作换取生存空间。然而现实却给了它们沉重一击。USDC稳定币在监管风波中一度失去美元锚定,哪怕Circle及时披露储备状况也无法阻止恐慌蔓延,大批用户迅速失去信心,短时间内出现数十亿美元的赎回潮blockworks.co。Coinbase则更为直接:即便它早已注册上市、反复向监管示好,2023年仍被SEC指控为未注册证券交易所reuters.com,卷入漫长诉讼漩涡。可见,在迎合监管的策略下,这些机构非但未能换来监管青睐,反而因官司缠身或用户流失而丧失市场信任。 相比之下,XRP以对抗求生存的路线反而赢得了投资者的眼光:价格的涨跌成为社区投票的方式,抗争的勇气反过来强化了市场对它的信心。
同样引人深思的是另一种迥异的治理路径:技术至上的链上治理。 以MakerDAO为代表的去中心化治理模式曾被寄予厚望——MKR持币者投票决策、算法维持稳定币Dai的价值,被视为“代码即法律”的典范。然而,这套纯技术治理在市场层面却未能形成广泛认同,亦无法激发群体性的情绪动员。复杂晦涩的机制使得普通投资者难以参与其中,MakerDAO的治理讨论更多停留在极客圈子内部,在社会大众的政治对话中几乎听不见它的声音。相比XRP对抗监管所激发的铺天盖地关注,MakerDAO的治理实验显得默默无闻、难以“出圈”。这也说明,如果一种治理实践无法连接更广泛的利益诉求和情感共鸣,它在社会政治层面就难以形成影响力。
XRP之争的政治象征意义由此凸显: 它展示了一条“以市场对抗国家”的斗争路线,即通过代币价格的集体行动来回应监管权力的施压。在这场轰动业界的对决中,价格即是抗议的旗帜,涨跌映射着政治立场。XRP对SEC的胜利被视作加密世界向旧有权力宣告的一次胜利:资本市场的投票器可以撼动监管者的强权。这种“价格即政治”的张力,正是Crypto世界前所未有的社会实验:去中心化社区以市场行为直接对抗国家权力,在无形的价格曲线中凝聚起政治抗争的力量,向世人昭示加密货币不仅有技术和资本属性,更蕴含着不可小觑的社会能量和政治意涵。
不可归零的政治资本
Meme 币的本质并非廉价或易造,而在于其构建了一种“无法归零”的社群生存结构。 对于传统观点而言,多数 meme 币只是短命的投机游戏:价格暴涨暴跌后一地鸡毛,创始人套现跑路,投资者血本无归,然后“大家转去炒下一个”theguardian.com。然而,meme 币社群的独特之处在于——失败并不意味着终结,而更像是运动的逗号而非句号。一次币值崩盘后,持币的草根们往往并未散去;相反,他们汲取教训,准备东山再起。这种近乎“不死鸟”的循环,使得 meme 币运动呈现出一种数字政治循环的特质:价格可以归零,但社群的政治热情和组织势能不归零。正如研究者所指出的,加密领域中的骗局、崩盘等冲击并不会摧毁生态,反而成为让系统更加强韧的“健康应激”,令整个行业在动荡中变得更加反脆弱cointelegraph.com。对应到 meme 币,每一次暴跌和重挫,都是社群自我进化、卷土重来的契机。这个去中心化群体打造出一种自组织的安全垫,失败者得以在瓦砾上重建家园。对于草根社群、少数派乃至体制的“失败者”而言,meme 币提供了一个永不落幕的抗争舞台,一种真正反脆弱的政治性。正因如此,我们看到诸多曾被嘲笑的迷因项目屡败屡战:例如 Dogecoin 自2013年问世后历经八年沉浮,早已超越玩笑属性,成为互联网史上最具韧性的迷因之一frontiersin.org;支撑 Dogecoin 的正是背后强大的迷因文化和社区意志,它如同美国霸权支撑美元一样,为狗狗币提供了“永不中断”的生命力frontiersin.org。
“复活权”的数字政治意涵
这种“失败-重生”的循环结构蕴含着深刻的政治意涵:在传统政治和商业领域,一个政党选举失利或一家公司破产往往意味着清零出局,资源散尽、组织瓦解。然而在 meme 币的世界,社群拥有了一种前所未有的“复活权”。当项目崩盘,社区并不必然随之消亡,而是可以凭借剩余的人心和热情卷土重来——哪怕换一个 token 名称,哪怕重启一条链,运动依然延续。正如 Cheems 项目的核心开发者所言,在几乎无人问津、技术受阻的困境下,大多数人可能早已卷款走人,但 “CHEEMS 社区没有放弃,背景、技术、风投都不重要,重要的是永不言弃的精神”cointelegraph.com。这种精神使得Cheems项目起死回生,社区成员齐声宣告“我们都是 CHEEMS”,共同书写历史cointelegraph.com。与传统依赖风投和公司输血的项目不同,Cheems 完全依靠社区的信念与韧性存续发展,体现了去中心化运动的真谛cointelegraph.com。这意味着政治参与的门槛被大大降低:哪怕没有金主和官方背书,草根也能凭借群体意志赋予某个代币新的生命。对于身处社会边缘的群体来说,meme 币俨然成为自组织的安全垫和重新集结的工具。难怪有学者指出,近期涌入meme币浪潮的主力,正是那些对现实失望但渴望改变命运的年轻人theguardian.com——“迷茫的年轻人,想要一夜暴富”theguardian.com。meme币的炒作表面上看是投机赌博,但背后蕴含的是草根对既有金融秩序的不满与反抗:没有监管和护栏又如何?一次失败算不得什么,社区自有后路和新方案。这种由底层群众不断试错、纠错并重启的过程,本身就是一种数字时代的新型反抗运动和群众动员机制。
举例而言,Terra Luna 的沉浮充分展现了这种“复活机制”的政治力量。作为一度由风投资本热捧的项目,Luna 币在2022年的崩溃本可被视作“归零”的失败典范——稳定币UST瞬间失锚,Luna币价归零,数十亿美元灰飞烟灭。然而“崩盘”并没有画下休止符。Luna的残余社区拒绝承认失败命运,通过链上治理投票毅然启动新链,“复活”了 Luna 代币,再次回到市场交易reuters.com。正如 Terra 官方在崩盘后发布的推文所宣称:“我们力量永在社区,今日的决定正彰显了我们的韧性”reuters.com。事实上,原链更名为 Luna Classic 后,大批所谓“LUNC 军团”的散户依然死守阵地,誓言不离不弃;他们自发烧毁巨量代币以缩减供应、推动技术升级,试图让这个一度归零的项目重新燃起生命之火binance.com。失败者并未散场,而是化作一股草根洪流,奋力托举起项目的残迹。经过迷因化的叙事重塑,这场从废墟中重建价值的壮举,成为加密世界中草根政治的经典一幕。类似的案例不胜枚举:曾经被视为笑话的 DOGE(狗狗币)正因多年社群的凝聚而跻身主流币种,总市值一度高达数百亿美元,充分证明了“民有民享”的迷因货币同样可以笑傲市场frontiersin.org。再看最新的美国政治舞台,连总统特朗普也推出了自己的 meme 币 $TRUMP,号召粉丝拿真金白银来表达支持。该币首日即从7美元暴涨至75美元,两天后虽回落到40美元左右,但几乎同时,第一夫人 Melania 又发布了自己的 $Melania 币,甚至连就职典礼的牧师都跟风发行了纪念币theguardian.com!显然,对于狂热的群众来说,一个币的沉浮并非终点,而更像是运动的换挡——资本市场成为政治参与的新前线,你方唱罢我登场,meme 币的群众动员热度丝毫不减。值得注意的是,2024年出现的 Pump.fun 等平台更是进一步降低了这一循环的技术门槛,任何人都可以一键生成自己的 meme 币theguardian.com。这意味着哪怕某个项目归零,剩余的社区完全可以借助此类工具迅速复制一个新币接力,延续集体行动的火种。可以说,在 meme 币的世界里,草根社群获得了前所未有的再生能力和主动权,这正是一种数字时代的群众政治奇观:失败可以被当作梗来玩,破产能够变成重生的序章。
价格即政治:群众投机的新抗争
meme 币现象的兴盛表明:在加密时代,价格本身已成为一种政治表达。这些看似荒诞的迷因代币,将金融市场变成了群众宣泄情绪和诉求的另一个舞台。有学者将此概括为“将公民参与直接转化为了投机资产”cdn-brighterworld.humanities.mcmaster.ca——也就是说,社会运动的热情被注入币价涨跌,政治支持被铸造成可以交易的代币。meme 币融合了金融、技术与政治,通过病毒般的迷因文化激发公众参与,形成对现实政治的某种映射cdn-brighterworld.humanities.mcmaster.caosl.com。当一群草根投入全部热忱去炒作一枚毫无基本面支撑的币时,这本身就是一种大众政治动员的体现:币价暴涨,意味着一群人以戏谑的方式在向既有权威叫板;币价崩盘,也并不意味着信念的消亡,反而可能孕育下一次更汹涌的造势。正如有分析指出,政治类 meme 币的出现前所未有地将群众文化与政治情绪融入市场行情,价格曲线俨然成为民意和趋势的风向标cdn-brighterworld.humanities.mcmaster.ca。在这种局面下,投机不再仅仅是逐利,还是一种宣示立场、凝聚共识的过程——一次次看似荒唐的炒作背后,是草根对传统体制的不服与嘲讽,是失败者拒绝认输的呐喊。归根结底,meme 币所累积的,正是一种不可被归零的政治资本。价格涨落之间,群众的愤怒、幽默与希望尽显其中;这股力量不因一次挫败而消散,反而在市场的循环中愈发壮大。也正因如此,我们才说“价格即政治”——在迷因币的世界里,价格不只是数字,更是人民政治能量的晴雨表,哪怕归零也终将卷土重来。cdn-brighterworld.humanities.mcmaster.caosl.com
全球新兴现象:伊斯兰金融的入场
当Crypto在西方世界掀起市场治政的狂潮时,另一股独特力量也悄然融入这一场域:伊斯兰金融携其独特的道德秩序,开始在链上寻找存在感。长期以来,伊斯兰金融遵循着一套区别于世俗资本主义的原则:禁止利息(Riba)、反对过度投机(Gharar/Maysir)、强调实际资产支撑和道德投资。当这些原则遇上去中心化的加密技术,会碰撞出怎样的火花?出人意料的是,这两者竟在“以市场行为表达价值”这个层面产生了惊人的共鸣。伊斯兰金融并不拒绝市场机制本身,只是为其附加了道德准则;Crypto则将市场机制推向了政治高位,用价格来表达社群意志。二者看似理念迥异,实则都承认市场行为可以也应当承载社会价值观。这使得越来越多金融与政治分析人士开始关注:当虔诚的宗教伦理遇上狂野的加密市场,会塑造出何种新范式?
事实上,穆斯林世界已经在探索“清真加密”的道路。一些区块链项目致力于确保协议符合伊斯兰教法(Sharia)的要求。例如Haqq区块链发行的伊斯兰币(ISLM),从规则层面内置了宗教慈善义务——每发行新币即自动将10%拨入慈善DAO,用于公益捐赠,以符合天课(Zakat)的教义nasdaq.comnasdaq.com。同时,该链拒绝利息和赌博类应用,2022年还获得了宗教权威的教令(Fatwa)认可其合规性nasdaq.com。再看理念层面,伊斯兰经济学强调货币必须有内在价值、收益应来自真实劳动而非纯利息剥削。这一点与比特币的“工作量证明”精神不谋而合——有人甚至断言法定货币无锚印钞并不清真,而比特币这类需耗费能源生产的资产反而更符合教法初衷cointelegraph.com。由此,越来越多穆斯林投资者开始以道德投资的名义进入Crypto领域,将资金投向符合清真原则的代币和协议。
这种现象带来了微妙的双重合法性:一方面,Crypto世界原本奉行“价格即真理”的世俗逻辑,而伊斯兰金融为其注入了一股道德合法性,使部分加密资产同时获得了宗教与市场的双重背书;另一方面,即便在遵循宗教伦理的项目中,最终决定成败的依然是市场对其价值的认可。道德共识与市场共识在链上交汇,共同塑造出一种混合的新秩序。这一全球新兴现象引发广泛议论:有人将其视为金融民主化的极致表现——不同文化价值都能在市场平台上表达并竞争;也有人警惕这可能掩盖新的风险,因为把宗教情感融入高风险资产,既可能凝聚强大的忠诚度,也可能在泡沫破裂时引发信仰与财富的双重危机。但无论如何,伊斯兰金融的入场使Crypto的政治版图更加丰盈多元。从华尔街交易员到中东教士,不同背景的人们正通过Crypto这个奇特的舞台,对人类价值的表达方式进行前所未有的实验。
升华结语:价格即政治的新直觉
回顾比特币问世以来的这段历程,我们可以清晰地看到一条演进的主线:先有货币革命,后有政治发明。比特币赋予了人类一种真正自主的数字货币,而Crypto在此基础上完成的,则是一项前所未有的政治革新——它让市场价格行为承担起了类似政治选票的功能,开创了一种“价格即政治”的新直觉。在这个直觉下,市场不再只是冷冰冰的交易场所;每一次资本流动、每一轮行情涨落,都被赋予了社会意义和政治涵义。买入即表态,卖出即抗议,流动性的涌入或枯竭胜过千言万语的陈情。Crypto世界中,K线图俨然成为民意曲线,行情图就是政治晴雨表。决策不再由少数权力精英关起门来制定,而是在全球无眠的交易中由无数普通人共同谱写。这样的政治形式也许狂野,也许充满泡沫和噪音,但它不可否认地调动起了广泛的社会参与,让原本疏离政治进程的个体通过持币、交易重新找回了影响力的幻觉或实感。
“价格即政治”并非一句简单的口号,而是Crypto给予世界的全新想象力。它质疑了传统政治的正统性:如果一串代码和一群匿名投资者就能高效决策资源分配,我们为何还需要繁冗的官僚体系?它也拷问着自身的内在隐忧:当财富与权力深度绑定,Crypto政治如何避免堕入金钱统治的老路?或许,正是在这样的矛盾和张力中,人类政治的未来才会不断演化。Crypto所开启的,不仅是技术乌托邦或金融狂欢,更可能是一次对民主形式的深刻拓展和挑战。这里有最狂热的逐利者,也有最理想主义的社群塑梦者;有一夜暴富的神话,也有瞬间破灭的惨痛。而这一切汇聚成的洪流,正冲撞着工业时代以来既定的权力谱系。
当我们再次追问:Crypto究竟是什么? 或许可以这样回答——Crypto是比特币之后,人类完成的一次政治范式的试验性跃迁。在这里,价格行为化身为选票,资本市场演化为广场,代码与共识共同撰写“社会契约”。这是一场仍在进行的文明实验:它可能无声地融入既有秩序,也可能剧烈地重塑未来规则。但无论结局如何,如今我们已经见证:在比特币发明真正的货币之后,Crypto正在发明真正属于21世纪的政治。它以数字时代的语言宣告:在链上,价格即政治,市场即民意,代码即法律。这,或许就是Crypto带给我们的最直观而震撼的本质启示。
参考资料:
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中本聪. 比特币白皮书: 一种点对点的电子现金系统. (2008)bitcoin.org
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Arkham Intelligence. Ethereum vs Ethereum Classic: Understanding the Differences. (2023)arkhamintelligence.com
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Binance Square (@渔神的加密日记). 狗狗币价格为何上涨?背后的原因你知道吗?binance.com
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Cointelegraph中文. 特朗普的迷因币晚宴预期内容揭秘. (2025)cn.cointelegraph.com
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慢雾科技 Web3Caff (@Lisa). 风险提醒:从 LIBRA 看“政治化”的加密货币骗局. (2025)web3caff.com
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Nasdaq (@Anthony Clarke). How Cryptocurrency Aligns with the Principles of Islamic Finance. (2023)nasdaq.comnasdaq.com
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Cointelegraph Magazine (@Andrew Fenton). DeFi can be halal but not DOGE? Decentralizing Islamic finance. (2023)cointelegraph.com
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@ 662f9bff:8960f6b2
2025-05-23 07:38:51I have been really busy this week with work - albeit back in Madeira - so I had little time to read or do much other than work. In the coming weeks I should have more time - I am taking a few weeks off work and have quite a list of things to do.
First thing is to relax a bit and enjoy the pleasant weather here in Funchal for a few days. With 1st May tomorrow it does seem that there will be quite a bit to do..
Some food for thought for you. Who takes and makes your decisions? Do you make them yourself based on information that you have and know to be true or do you allow other people to take and make decisions for you? For example - do you allow governments or unaccountable beaureaucrats and others to decide for you and even to compell you?
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? I dive into this below and do refer back to letter 9 - section: So What can you do about it.
First, a few things to read, watch and listen to
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I Finance the Current Thing by Allen Farrington - when money is political, everything is political...
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Prediction for 2030 (the Great Reset). Sorelle explains things pretty clearly if you care to watch and listen...
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The Global Pandemic Treaty: What You Need to Know . James Corbett is pretty clear too... is this being done with your support? Did you miss something?
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Why the Past 10 Years of American Life Have Been Uniquely Stupid - fascinating thinking on how quite a few recent things came about...
And a few classics - you ought to know these already and the important messages in them should be much more obvious now...
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1984 by George Orwell - look for the perpetual war & conflict, ubiquitous surveillance and censorship not to mention Room 101
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Animal farm - also by George Orwell - note how the pigs end up living in the farmhouse exceeding all the worst behaviour of the farmer and how the constitution on the wall changes. Things did not end well for loyal Boxer.
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Brave New World by Aldous Huxley- A World State, inhabited by genetically modified citizens and an intelligence-based social hierarchy - the novel anticipates large scale psychological manipulation and classical conditioning that are combined to make a dystopian society which is challenged by only a single individual who does not take the Soma.
For more - refer to the References and Reading List
The 7 Habits of Highly Effective People
One of the most transformative books that I ever read was 7 Habits of Highly Effective People by Steven Covey. Over many years and from researching hstorical literature he found seven traits that successful people typically display. By default everyone does the opposite of each of these! Check how you do - be honest...
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Habits 1-3 are habits of Self - they determine how you behave and feel
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Habits 4-6 are habits of interpersonal behaviour - they determine how you deal with and interact with others
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Habit 7 is about regeneration and self care - foundation for happy and healthy life and success
One: Be proactive
Choose your responses to all situations and provocations - your reaction to a situation determines how you feel about it.
By default people will be reactive and this controls their emotions
Two: Begin with the end in mind
When you start to work on something, have a clear view of the goal to be achieved; it should be something substantial that you need and will value.
By default people will begin with what is in front of them or work on details that they can do or progress without having a clear view on the end result to be achieved
Three: Put First things First
Be clear on, and begin with, the Big Rocks- the most important things. If you do not put the Big Rocks into your planning daily activities, your days will be full of sand and gravel! All things can be categorised as Urgent or Not-Urgent and Important or Not-Important.
By Default people will focus on Urgent regardless of importance - all of the results come from focusing on Important Non-Urgent things. All of the 7 Habits are in this category!
Four: Seek Win-Win in all dealings with people and in all negotiations
This is the only sustainable outcome; if you cannot achieve Win-Win then no-deal is the sustainable alternative.
By default people will seek Win-Loose - this leads to failed relationships
Five: Seek first to understand - only then to be understood.
Once you visibly understand the needs and expectations of your counterpart they will be open to listening to your point of view and suggestions/requests - not before!
By default people will expound their point of view or desired result causing their counterpart to want to do the same - this ends in "the dialogue of the deaf"
Six: Synergise - Seek the 3rd alternative in all problems and challenges
Work together to find a proposal that is better than what each of you had in mind
By default people will focus on their own desired results and items, regardless of what the other party could bring to help/facilitate or make available
Seven: Sharpen the saw
Take time to re-invigorate and to be healthy - do nothing to excess. Do not be the forrester who persists in cutting the tree with a blunt saw bcause sharpening it is inconvenient or would "take too much time"!
By default people tend to persist on activities and avoid taking time to reflect, prepare and recover
Mindaps - a technique by Tony Buzan
Many years ago I summarised this in a Mind Map (another technique that was transformative for me - a topic for another Letter from around the world!) see below. Let me know if this interests you - happy to do an explainer video on this!
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.
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@ b83a28b7:35919450
2025-05-16 19:26:56This article was originally part of the sermon of Plebchain Radio Episode 111 (May 2, 2025) that nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpqtvqc82mv8cezhax5r34n4muc2c4pgjz8kaye2smj032nngg52clq7fgefr and I did with nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7ct4w35zumn0wd68yvfwvdhk6tcqyzx4h2fv3n9r6hrnjtcrjw43t0g0cmmrgvjmg525rc8hexkxc0kd2rhtk62 and nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpq4wxtsrj7g2jugh70pfkzjln43vgn4p7655pgky9j9w9d75u465pqahkzd0 of the nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyqwfvwrccp4j2xsuuvkwg0y6a20637t6f4cc5zzjkx030dkztt7t5hydajn
Listen to the full episode here:
<<https://fountain.fm/episode/Ln9Ej0zCZ5dEwfo8w2Ho>>
Bitcoin has always been a narrative revolution disguised as code. White paper, cypherpunk lore, pizza‑day legends - every block is a paragraph in the world’s most relentless epic. But code alone rarely converts the skeptic; it’s the camp‑fire myth that slips past the prefrontal cortex and shakes hands with the limbic system. People don’t adopt protocols first - they fall in love with protagonists.
Early adopters heard the white‑paper hymn, but most folks need characters first: a pizza‑day dreamer; a mother in a small country, crushed by the cost of remittance; a Warsaw street vendor swapping złoty for sats. When their arcs land, the brain releases a neurochemical OP_RETURN which says, “I belong in this plot.” That’s the sly roundabout orange pill: conviction smuggled inside catharsis.
That’s why, from 22–25 May in Warsaw’s Kinoteka, the Bitcoin Film Fest is loading its reels with rebellion. Each documentary, drama, and animated rabbit‑hole is a stealth wallet, zipping conviction straight into the feels of anyone still clasped within the cold claw of fiat. You come for the plot, you leave checking block heights.
Here's the clip of the sermon from the episode:
nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqqsy43fwz8es2wnn65rh0udc05tumdnx5xagvzd88ptncspmesdqhygcrvpf2
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@ cae03c48:2a7d6671
2025-05-23 12:00:51Bitcoin Magazine
How Zeus is Redefining Bitcoin with Cashu Ecash IntegrationThe U.S.-based Bitcoin and Lightning mobile wallet Zeus recently announced an alpha-release integration of Cashu. The move marks the first integration of ecash into a popular Bitcoin wallet, breaking new ground for potential user adoption to Bitcoin.
Cashu is a hot new implementation of Chaumian ecash, a form of digital cash invented by David Chaum in the ’90s that has incredible privacy and scalability properties, with the trade-off of being fundamentally centralized, requiring a significant amount of trust in the issuer.In a counterintuitive move for Zeus, known as the go-to tool for advanced Lightning users seeking to connect to their home nodes, the integration of Cashu acknowledges a “last mile” challenge Lightning wallets face when delivering Bitcoin to the masses.
“We basically started off as the cypherpunk wallet, right? You got to set up your own Lightning node and connect to it with Zeus. The last two years, we put the node in the phone with one click, you can run it all in a standalone app without a remote node,” Evan Kaloudis, founder and CEO of Zeus, told Bitcoin Magazine.
“Cashu addresses uneconomical self-custody for small bitcoin amounts. On-chain, the dust limit is 546 satoshis, and Layer Two systems like Lightning have costs for channel setup or unilateral exits that aren’t widely discussed,” Evan explained, highlighting a major point of friction in noncustodial Lightning wallets: the need for liquidity and channel management. While these esoteric aspects of the Lightning Network have been mostly abstracted away since its invention in 2016, these fundamental trade-offs continue to manifest even in the most sophisticated and user-friendly wallets.
In the case of both Phoenix and Zeus, two of the most popular noncustodial options in the market, users must pay up to 10,000 sats upfront to gain spending capacity. These fees are necessary to cover the on-chain fees spent to open a channel for the user against the wallet’s liquidity service provider, unlocking a noncustodial experience.
The required up-front fee is difficult to explain and represents a painful onboarding experience for new users who are used to fiat apps giving them money to join instead. The result is the proliferation of custodial Lightning wallets like Wallet of Satoshi (WOS), which gained massive adoption early on by leveraging the global, near-instant settlement power of Bitcoin combined with the excellent user experience centralized wallets can create.
Major developments have been made over seven years after the Lightning Network’s inception, however, and Zeus is pushing the boundaries.
“With Ecash, we make it so easy that anyone can set up a wallet and start participating in our ecosystem, which I really think is going to become more and more prevalent,” Evan explained.
Today, at roughly $100,000 per bitcoin, 1,000 satoshis are equivalent to $1. Transactions of these sizes are known as microtransactions — a popular example are Nostr social media tips known as Zaps. But finding the right tool for this use case is not simple. Self custodied wallets like Phoenix charge transaction fees in the hundreds of satoshis, even with open channels, and on-chain fees often cost the same and are slower to settle. As a result, there’s an entire category of spending that is only served by cheaper alternatives such as custodial lightning wallets like WOS or Blink, but result in significant privacy tradeoffs, often requiring phone numbers from users and in some cases more advanced KYC and IP tracking. Cashu hopes to serve this market with lower privacy costs, the same ease of use, speed and competitive fees.
Digging deeper into the Cashu integration, Evan explained that “for users this means being able to pick and switch between custodians in a single app. For developers this means being able to defer custodial responsibilities to third parties and not have to wire up a new integration when your current custodian halts operations.”
Zaps are satoshi-denominated rewards delivered as “likes” or micro-tips for content in the Nostr social media ecosystem. A Zap can be as small as one satoshi, the smallest amount of bitcoin that can be technically transferred, equivalent today to about a tenth of a penny. “But I think if we look at Nostr and you’re seeing how many people are Zapping and how big a part of that ecosystem it is. It’s like, people are willing to do it,” Evan explained.
“Cashu, while custodial, lets users accumulate small amounts — say, via Nostr Zaps — without needing 6,000 satoshis to open a Lightning channel. Zeus prompts users to upgrade to self-custody as their balance grows,” he concluded, explaining that the wallet will effectively annoy users into self custody, one of several design choices made to mitigate the risks introduced by Cashu.
Ecash
The trade-offs introduced by Cashu challenge the common understanding of custody as an either-or in Bitcoin. Historically you were either a centralized — custodial — exchange, or you were a noncustodial Bitcoin wallet. In the former, you entrust the coins to a third party; in the latter you take personal responsibility for those coins and their corresponding private keys. Cashu changes this paradigm by introducing bitcoin-denominated ecash notes or “nuts,” which are bearer instruments that should be backed by a full bitcoin reserve and Lightning interoperability for instant withdraw.
Similar to fiat cash, you must take control and responsibility over these notes, but there’s also counterparty risk. In the case of Cashu, there are certain things the issuing mint can theoretically do to exploit their users — akin to how a bank can run on a fractional reserve.
The big difference between Cashu or custodial Bitcoin exchanges and fiat currency is that Cashu is open source, is designed around user privacy, and scales very well. It makes the cost of running a mint lower than either alternative, a feature that makes mint competition easier, in theory countering the centralizing network effects of specific mints.
Finally, the user experience of storing Cashu tokens has been attached to known forms of Bitcoin self custody such as the download of 12-words seeds via various mechanisms, though implementations still vary from wallet to wallet and the whole ecosystem is in its early stages.
To further mitigate the custodial risk of Chaumian-style ecash in Bitcoin, the Cashu community has developed various methods for automatically managing custody risk.
“Users can split risk by using multiple mints, switching between them in the user interface. Soon, ZEUS will guide users to select five or six reputable mints, automatically balancing funds to minimize exposure,” Evan explained, referring to a particular approach called automated bank runs. The idea is that as some Cashu mints may hold more of your funds, Zeus de-ranks them and rotates value out to minimize risk.
“I think the idea is going to be that we guide users to pick five or six reputable mints… And from there, users will be able to have the wallet automatically switch between those mints and determine which mint should be receiving the balance depending on the balance of all the mints presently. So you’ll be like, OK. MiniBits has way too much money. Let’s switch the default to one of the mints that doesn’t have a lot. So that way you can sort of mitigate or rather distribute the rug risk there,” Evan explained, adding, “Our Discover Mint feature pulls reviews from bitcoinmints.com, showing vouch counts and user feedback, like mint reliability or longevity,” describing the reputation layer stacked on top of the various other risk management mechanisms.
There is no known way to use Chaumian-style ecash in an entirely noncustodial way. So as long as the custody risk can be minimized, the scaling and privacy upside becomes remarkable.
Microtransactions
One of the opportunities that ecash unlocks is microtransactions, the most popular example of which are Nostr Zaps often in single dollar ranges of value transferred, though it applies to small Lightning transactions as well. This use case triggers an important technical question that predates Bitcoin, do microtransactions actually make economic sense?
There’s a long-standing argu
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@ e97aaffa:2ebd765d
2025-05-23 07:30:53Passou alguns dias, após as eleições legislativas, a cabeça está mais fria, é um bom momento para um rescaldo e para um pouco de futurologia. Esta análise vai ser limitada apenas aos grandes partidos.
Podemos resumir esta eleição, numa única palavra: Terramoto.
A AD ganhou, mas o grande destaque foi a queda do PS e a subida do Chega. Se a governação do país estava difícil, agora com este novo desenho da assembleia, será quase impossível, piorou bastante. Neste momento, ainda falta contabilizar os votos da emigração, mas o mais provável é o Chega ultrapassar o PS.
A queda do PS foi tremenda, ninguém esperava tal coisa, o partido está em estado de choque. O partido vai necessitar de tempo para estabilizar e para se reconstruir.
Devido a motivos constitucionais (6 meses antes e 6 meses depois da eleição do presidente da República) só poderá existir eleições no final do próximo ano, isso garante que o novo governo da AD vai estar no poder pelo menos um ano. Isso vai obrigar a aprovação do próximo orçamento de estado, como o PS necessita de tirar os holofotes sobre si, vai facilitar o governo. Provavelmente vai existir um acordo de cavalheiro, um pacto de não agressão entre o governo e o PS, o PS vai se abster na votação do orçamento de estado e a governo não fará revisão constituicional sem o consentimento do PS e também não fará reformas nas leis ou políticas que sejam contra os princípios básicos do partido socialista. Em suma, não haverá grandes reformas, será um governo de gestão com ligeiramente mais poderes.
Não será um governo de bloco central, nem um governo da AD com apoio PS, será apenas um governo da AD com uma falsa oposição do PS. Um governo de bloco central, é uma bomba nuclear, ainda seria demasiado cedo para utilizá-la.
O Partido Socialista sabe que, para ter algumas hipóteses de vencer a próxima eleição, necessita de estar bem e o governo da AD tem que demonstrar algum desgaste, uma queda na popularidade. Eu não acredito que um ano seja suficiente, talvez, seja necessário 2 anos. Isto significa que o país poderá ficar estagnado 1 ou 2 anos, se o governo não conseguir fazer grandes reformas, se os cidadãos não virem/sentirem sinais de mudança, vai dar ainda mais força ao Chega.
Eu acredito que o ponto chave, é a imigração, o governo terá que demonstrar muito trabalho e minimizar o problema, para “esvaziar” um pouco o Chega, caso não faça será um problema.
XXVI Governo
Assim, nessa próxima eleição, talvez em 2027, acredito que as percentagens ficarão mais ou menos como esta eleição, com um partido ligeiramente à frente e os outros dois mais equilibrados. Só que o vencedor seria o Chega, ficando a AD(provavelmente o PSD) e o PS a disputa pelo 2º lugar.
Seria um novo terramoto, mas aqui seria necessário utilizar a bomba nuclear, iria surgir uma nova geringonça. Apesar da vitória do Ventura, iria surgir o governo bloco central, com o PSD e PS, não haveria outra alternativa.
O governo de bloco central, teria que ser muito competente, porque se não o for, iria para novas eleições. Se o governo for um fiasco, PS corre o risco de ser esvaziado, cairá ainda mais, correrá um risco de existência, poderá tornar-se num partido insignificante na nossa política.
XXVII Governo
Agora o terramoto ainda maior, nessa futura eleição, o Chega venceria com maioria absoluta, aí sim, seria um verdadeiro terramoto, ao nível de 1755.
O Chega tem o tempo a seu fazer, tem uma forte penetração nos jovens. Cada jovem que faça 18 anos, existe uma forte possibilidade de ser eleitor do Chega, o seu oposto, acontece com o PCP e o PS, os mais velhos vão morrendo, não existe renovação geracional. Mas o ponto fulcral é a ausência de competência generalizada nos partidos e políticos que têm governado o nosso país nos últimos anos, o descontentamento da população é completo. Esses políticos vivem na sua bolha, não tem noção do mundo real, nem compreendem quais são os problemas das pessoas simples, do cidadão comum.
Ventura
Na minha opinião só existirá três situações, que poderão travar as ascensão do André Ventura a primeiro-ministro:
- Ou existe um óptimo governo, que crie um bom crescimento na qualidade de vida das pessoas e que resolva os 3 problemas que mais anseiam actualmente os portugueses: Habitação, Saúde e Imigração. A probabilidade de isso acontecer é quase nula.
- Ou se o André Ventura desistir, a batalha será muito longa e ele poderá ficar cansado. Pouco provável.
- Ou então, um Argumentum ad hominem, terá que surgir algo, factos concretos que manche a imagem do André Ventura, que destrua por completo a sua reputação.
É a minha a linha leitura da bola de cristal, poderão dizer é uma visão pessimista, eu acho que é realista e pragmática, não vejo qualquer competência na classe política para resolver os problemas do país. Esta é a opinião de um recorrente crítico do Chega.
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@ 04c915da:3dfbecc9
2025-05-16 18:06:46Bitcoin has always been rooted in freedom and resistance to authority. I get that many of you are conflicted about the US Government stacking but by design we cannot stop anyone from using bitcoin. Many have asked me for my thoughts on the matter, so let’s rip it.
Concern
One of the most glaring issues with the strategic bitcoin reserve is its foundation, built on stolen bitcoin. For those of us who value private property this is an obvious betrayal of our core principles. Rather than proof of work, the bitcoin that seeds this reserve has been taken by force. The US Government should return the bitcoin stolen from Bitfinex and the Silk Road.
Using stolen bitcoin for the reserve creates a perverse incentive. If governments see bitcoin as a valuable asset, they will ramp up efforts to confiscate more bitcoin. The precedent is a major concern, and I stand strongly against it, but it should be also noted that governments were already seizing coin before the reserve so this is not really a change in policy.
Ideally all seized bitcoin should be burned, by law. This would align incentives properly and make it less likely for the government to actively increase coin seizures. Due to the truly scarce properties of bitcoin, all burned bitcoin helps existing holders through increased purchasing power regardless. This change would be unlikely but those of us in policy circles should push for it regardless. It would be best case scenario for American bitcoiners and would create a strong foundation for the next century of American leadership.
Optimism
The entire point of bitcoin is that we can spend or save it without permission. That said, it is a massive benefit to not have one of the strongest governments in human history actively trying to ruin our lives.
Since the beginning, bitcoiners have faced horrible regulatory trends. KYC, surveillance, and legal cases have made using bitcoin and building bitcoin businesses incredibly difficult. It is incredibly important to note that over the past year that trend has reversed for the first time in a decade. A strategic bitcoin reserve is a key driver of this shift. By holding bitcoin, the strongest government in the world has signaled that it is not just a fringe technology but rather truly valuable, legitimate, and worth stacking.
This alignment of incentives changes everything. The US Government stacking proves bitcoin’s worth. The resulting purchasing power appreciation helps all of us who are holding coin and as bitcoin succeeds our government receives direct benefit. A beautiful positive feedback loop.
Realism
We are trending in the right direction. A strategic bitcoin reserve is a sign that the state sees bitcoin as an asset worth embracing rather than destroying. That said, there is a lot of work left to be done. We cannot be lulled into complacency, the time to push forward is now, and we cannot take our foot off the gas. We have a seat at the table for the first time ever. Let's make it worth it.
We must protect the right to free usage of bitcoin and other digital technologies. Freedom in the digital age must be taken and defended, through both technical and political avenues. Multiple privacy focused developers are facing long jail sentences for building tools that protect our freedom. These cases are not just legal battles. They are attacks on the soul of bitcoin. We need to rally behind them, fight for their freedom, and ensure the ethos of bitcoin survives this new era of government interest. The strategic reserve is a step in the right direction, but it is up to us to hold the line and shape the future.
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@ 04c915da:3dfbecc9
2025-05-16 17:59:23Recently we have seen a wave of high profile X accounts hacked. These attacks have exposed the fragility of the status quo security model used by modern social media platforms like X. Many users have asked if nostr fixes this, so lets dive in. How do these types of attacks translate into the world of nostr apps? For clarity, I will use X’s security model as representative of most big tech social platforms and compare it to nostr.
The Status Quo
On X, you never have full control of your account. Ultimately to use it requires permission from the company. They can suspend your account or limit your distribution. Theoretically they can even post from your account at will. An X account is tied to an email and password. Users can also opt into two factor authentication, which adds an extra layer of protection, a login code generated by an app. In theory, this setup works well, but it places a heavy burden on users. You need to create a strong, unique password and safeguard it. You also need to ensure your email account and phone number remain secure, as attackers can exploit these to reset your credentials and take over your account. Even if you do everything responsibly, there is another weak link in X infrastructure itself. The platform’s infrastructure allows accounts to be reset through its backend. This could happen maliciously by an employee or through an external attacker who compromises X’s backend. When an account is compromised, the legitimate user often gets locked out, unable to post or regain control without contacting X’s support team. That process can be slow, frustrating, and sometimes fruitless if support denies the request or cannot verify your identity. Often times support will require users to provide identification info in order to regain access, which represents a privacy risk. The centralized nature of X means you are ultimately at the mercy of the company’s systems and staff.
Nostr Requires Responsibility
Nostr flips this model radically. Users do not need permission from a company to access their account, they can generate as many accounts as they want, and cannot be easily censored. The key tradeoff here is that users have to take complete responsibility for their security. Instead of relying on a username, password, and corporate servers, nostr uses a private key as the sole credential for your account. Users generate this key and it is their responsibility to keep it safe. As long as you have your key, you can post. If someone else gets it, they can post too. It is that simple. This design has strong implications. Unlike X, there is no backend reset option. If your key is compromised or lost, there is no customer support to call. In a compromise scenario, both you and the attacker can post from the account simultaneously. Neither can lock the other out, since nostr relays simply accept whatever is signed with a valid key.
The benefit? No reliance on proprietary corporate infrastructure.. The negative? Security rests entirely on how well you protect your key.
Future Nostr Security Improvements
For many users, nostr’s standard security model, storing a private key on a phone with an encrypted cloud backup, will likely be sufficient. It is simple and reasonably secure. That said, nostr’s strength lies in its flexibility as an open protocol. Users will be able to choose between a range of security models, balancing convenience and protection based on need.
One promising option is a web of trust model for key rotation. Imagine pre-selecting a group of trusted friends. If your account is compromised, these people could collectively sign an event announcing the compromise to the network and designate a new key as your legitimate one. Apps could handle this process seamlessly in the background, notifying followers of the switch without much user interaction. This could become a popular choice for average users, but it is not without tradeoffs. It requires trust in your chosen web of trust, which might not suit power users or large organizations. It also has the issue that some apps may not recognize the key rotation properly and followers might get confused about which account is “real.”
For those needing higher security, there is the option of multisig using FROST (Flexible Round-Optimized Schnorr Threshold). In this setup, multiple keys must sign off on every action, including posting and updating a profile. A hacker with just one key could not do anything. This is likely overkill for most users due to complexity and inconvenience, but it could be a game changer for large organizations, companies, and governments. Imagine the White House nostr account requiring signatures from multiple people before a post goes live, that would be much more secure than the status quo big tech model.
Another option are hardware signers, similar to bitcoin hardware wallets. Private keys are kept on secure, offline devices, separate from the internet connected phone or computer you use to broadcast events. This drastically reduces the risk of remote hacks, as private keys never touches the internet. It can be used in combination with multisig setups for extra protection. This setup is much less convenient and probably overkill for most but could be ideal for governments, companies, or other high profile accounts.
Nostr’s security model is not perfect but is robust and versatile. Ultimately users are in control and security is their responsibility. Apps will give users multiple options to choose from and users will choose what best fits their need.
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@ cae03c48:2a7d6671
2025-05-23 12:00:50Bitcoin Magazine
Bitcoin Liquid Network Surpasses $3.27 Billion in Total Value LockedToday, the Liquid Federation has announced that the Liquid Network has surpassed $3.27 billion in total value locked (TVL), according to a press release shared with Bitcoin Magazine.
“Surpassing the $3 billion threshold marks a pivotal moment for both Liquid and Bitcoin, signaling the evolution of Bitcoinʼs ecosystem into a full-fledged platform for global financial markets,” said the CEO and Co-Founder of Blockstream Dr. Adam Back. “As Bitcoin gains mainstream acceptance, and demand for regulated asset tokenization accelerates, Liquid is better positioned than ever to bridge Bitcoin with traditional finance and drive the next wave of capital markets innovation.”
The announcement follows growing interest in tokenizing real-world assets (RWAs), with major moves such as BlackRock’s decision to tokenize a $150 billion Treasury fund. According to a 2025 report by Security Token Market, the tokenized asset market is projected to grow to $30 trillion by 2030.
Liquid supports over $1.8 billion in tokenized private credit and offers products like U.S. Treasury notes and digital currencies through Blockstream’s AMP platform. The network also features fast, low-cost, and confidential transactions, with support for atomic swaps and robust smart contracts.
Governed by over 80 global institutions, Liquid was launched in 2018 as Bitcoin’s first sidechain. It is now preparing for a major upgrade with the mainnet release of Simplicity, aimed at expanding its smart contract capabilities.
To keep up with increasing demand, the Liquid Federation is boosting developer resources and technical onboardings, along with integrations with exchanges, custodians and service providers. Recent bootcamps and important meetings with policy makers in Asia, Europe and Latin America reflect the network’s growing global presence.
This post Bitcoin Liquid Network Surpasses $3.27 Billion in Total Value Locked first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
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@ 0e9491aa:ef2adadf
2025-05-23 06:01:17Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.
If you missed my nostr introduction post you can find it here. My nostr account can be found here.
We are nearly at the point that if something interesting is posted on a centralized social platform it will usually be posted by someone to nostr.
We are nearly at the point that if something interesting is posted exclusively to nostr it is cross posted by someone to various centralized social platforms.
We are nearly at the point that you can recommend a cross platform app that users can install and easily onboard without additional guides or resources.
As companies continue to build walls around their centralized platforms nostr posts will be the easiest to cross reference and verify - as companies continue to censor their users nostr is the best censorship resistant alternative - gradually then suddenly nostr will become the standard. 🫡
Current Nostr Stats
If you found this post helpful support my work with bitcoin.
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@ 3eba5ef4:751f23ae
2025-05-23 09:33:55The article below brings together some of the Q&A from our recent AMA on Reddit. Thanks so much for sending in your questions—we love chatting with you and being part of this awesome community!
Meepo Hardfork Features
What does Meepo bring to CKB, in simple terms?
Imagine upgrading from wooden blocks to LEGO bricks. That’s what the
spawn
syscall in Meepo does for CKB smart contracts, enabling script interoperability.Spawn and a series of related syscalls are introduced as a major upgrade to CKB-VM, enabling interoperability, modularity, and better developer experience, by letting scripts call other scripts, like modular apps in an operating system.
Key features of the upgraded VM?
The upgraded CKB-VM Meepo version unlocks true decoupling and reuse of CKB scripts, enhancing modularity and reusability in smart contract development.
For instance, before Meepo, if developers wanted to build a new time lock in CKB, they had to bundle all necessary functionalities—like signature algorithms—directly into a single lock or type script. This often led to bloated scripts where most of the code was unrelated to the developer's original design goal (time lock). With the spawn syscall, scripts can now delegate tasks—such as signature checks—to other on-chain scripts. As new algorithms emerge, the time lock can adopt them without being redeployed—just by calling updated signature scripts, as long as a shared protocol is followed.
This separation allows developers to: - Focus solely on their core logic. - Reuse independently deployed signature verification scripts. - Upgrade cryptographic components without modifying the original script. - Embrace a more OS-like model where smart contracts can call each other to perform specialized tasks.
By enabling true decoupling and reuse, the spawn syscall makes CKB scripts significantly more composable, maintainable, and adaptable.
Besides Spawn, other improvements in Meepo include:
- Block Extension Fields: Enables reading extension fields in blocks, opening new possibilities like community voting on hardforks (as this ckb-zero-lock prototype). More use cases are expected.
- CKB-VM Optimization: Reduces cycle consumption for common compiler-generated code, making scripts faster and more efficient.
A practical example: IPC on Spawn
Here's an example building an entire Inter-Process Communication (IPC) layer on top of spawn syscalls: - GitHub Repo - Blog post: Transforming IPC in CKB On-Chain Script: Spawn and the Custom Library for Simplified Communication
What does “every wallet will become a CKB wallet because of ckb-auth” mean?
Current CKB-VM already comes with the power to build omnilock / ckb-auth, spawn just makes them easier to reuse in new scripts through decoupling and improved modularity.
Upgrade Compatibility Concerns
Will Meepo require a new address format?
No. Meepo does not introduce breaking changes like address format switching. The only required upgrade is support for a new hash type (
data2
). We aim to keep upgrades smooth and backwards-compatible wherever possible.RISC-V & CKB’s Long-Term Design Philosophy
Ethereum is exploring RISC-V—CKB has been doing this for years. What’s your take?
The discussion about RISC-V in Ethereum, is partly about the ease of building zk solutions on Ethereum. And it's easy to mix two different use cases of RISC-V in zk:
- Use RISC-V as the language to write programs running in a zk engine. In this case, we use zero knowledge algorithms to build a RISC-VM and prove programs running inside these RISC-V VMs.
- Use RISC-V as the underlying engine to run cryptographic algorithms, we then compile the verifier / prover code of zero knowledge algorithm into RISC-V, then we run those verifiers / provers inside RISC-V. Essentially, we run the verifying / proving algorithms of zero knowledge algorithms in RISC-V, the programs running inside ZK VMs can be written in other languages suiting the zk algorithms.
When most people talk about RISC-V in zk, they mean the first point above. As a result, we see a lot of arguments debating if RISC-V fits in zk circuits. I couldn't get a direct confirmation from Vitalik, but based on what I read, when Vitalik proposes the idea of RISC-V in Ethereum, he's at least partly thinking about the second point here. The original idea is to introduce RISC-V in Ethereum, so we can just compile zk verifiers / provers into RISC-V code, so there is no need to introduce any more precompiles so as to support different zk algorithms in Ethereum. This is indeed a rare taken path, but I believe it is a right path, it is also the path CKB chose 7 years ago for the initial design of CKB-VM.
CKB believes that a precompile-free approach is the only viable path if we’re serious about building a blockchain that can last for decades—or even centuries. Cryptographic algorithms evolve quickly; new ones emerge every few years, making it unsustainable for blockchains to keep adding them as precompiles. In contrast, hardware evolves more slowly and lives longer.
By choosing RISC-V, we’ve committed to a model that can better adapt to future cryptographic developments. CKB may be on an uncommon path, but I believe it's the right one—and it's encouraging to see Ethereum now moving in a similar direction. Hopefully, more will follow.
CKB already stands out as the only blockchain VM built on RISC-V and entirely free from cryptographic precompiles. Meepo, with its spawn syscall, builds on this foundation—pushing for even greater modularity and reuse. We're also closely watching progress in the RISC-V ecosystem, with the goal of integrating hardware advances into CKB-VM, making it even more future-proof and a state-of-the-art execution environment for blockchain applications.
Will CKB run directly on RISC-V chips? What are the implications?
The "CKB on RISC-V"comes in several stages:
- For now, CKB-VM can already be compiled into RISC-V architecture and run on a RISC-V CPU (e.g. StarFive board), though optimized native implementations are still in development.
- That said, one key issue in the previous stage was that CKB-VM lacks a high-performance, assembly based VM on RISC-V architecture. Ironically, despite CKB-VM being based on RISC-V, we ended up running a Rust-based VM interpreter on RISC-V CPUs—which is far from ideal.
The root of the problem is that RISC-V CPUs come in many configurations, each supporting a different set of extensions. Porting CKB-VM to run natively on real RISC-V chips isn’t trivial—some extensions used by CKB-VM might not be available on the target hardware. With enough time and effort, a performant native implementation could be built, but it’s a non-trivial challenge that still needs significant work.
How do you see the RISC-V narrative expanding?
We are delighted to see the growing recognition of RISC-V in the blockchain space. For CKB, we firmly believe RISC-V is the best choice. Consensus is costly, so only essential data should be on-chain, with the chain serving as a universal verification layer—this is CKBʼs philosophy, and we have consistently designed and developed in this direction.
CKB Roadmap & Ecosystem Growth
Any plan to boost the usage of the CKB network in the next 6 - 24 months?
Growth starts with better developer experience. Spawn in Meepo significantly lowers the barrier to building complex apps. With better tools and documentation, more devs can experiment on CKB, leading to better apps and more users.
What would you focus on if the secondary issuance budget was huge?
If funding were abundant, we'd expand the Spark Program, support more grassroots projects, and even evolve toward a fully decentralized DAO structure—aligning with our long-term vision of a permissionless, community-owned network.
What’s next for Nervos after Meepo?
We're exploring new RISC-V extensions like CFI, which could boost script security and defend against ROP attacks. Still early-stage, but promising. Check out this: Against ROP Attacks: A Blockchain Architect’s Take on VM-Level Security.
Resources
Take a deeper look at the VM upgrades introduced in the Meepo hardfork:
Explore the CFI (Control Flow Integrity) extension on RISC-V:
Check out the Inter-Process Communication (IPC) layer built on top of spawn syscalls:
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@ cae03c48:2a7d6671
2025-05-23 12:00:49Bitcoin Magazine
Spark Partners with Breez to Launch Bitcoin-Native SDK for Lightning PaymentsToday, Breez and Spark have announced a new implementation of the Breez SDK, built on Spark’s Bitcoin-native Layer 2 infrastructure. According to a press release sent to Bitcoin Magazine, the update is intended to make it easier for developers to integrate self-custodial Bitcoin Lightning payments into everyday apps and services.
Few companies are as good as @Breez_Tech at putting Bitcoin in people’s hands. We’re incredibly humbled to have them building on Spark.
Learn more → https://t.co/KRPpWJa3os pic.twitter.com/QiCfHbWu9d
— Spark (@buildonspark) May 22, 2025
“This is what the future of Bitcoin looks like — fast, open, and embedded in the apps people use every day. By teaming up with Breez, we’re expanding the ecosystem and giving developers powerful, Bitcoin-native tools to build next-generation payment experiences. Together, we’re building the standard for global, peer-to-peer transactions,” said the creator of Spark Kevin Hurley.
The SDK supports LNURL, Lightning addresses, real-time mobile notifications, and includes bindings for all major programming languages and frameworks. It is designed to allow developers to build directly on Bitcoin without relying on bridges or external consensus. This collaboration gives developers tools to add Bitcoin payment features to apps used for monetization social apps, cross-border remittances, and in-game currencies.
“We need developers to bring Bitcoin into apps people use every day,” said the CEO of Breez Roy Sheinfeld. “That’s why we built the Breez SDK. We’re excited to build on Spark’s revolutionary architecture — giving developers a powerful new Bitcoin-native option and continuing to strengthen Lightning as the common language of Bitcoin.”
Breez will also operate as a Spark Service Provider (SSP), alongside Lightspark, to help support payment facilitation and the growth of Spark’s ecosystem. The new implementation is expected to be released later this year.
“We’re excited to see what developers build with Spark; it’s very exciting to see this come to the world,” said the co-founder and CEO of Lightspark David Marcus.
The Breez SDK is expanding
We’re joining forces with @buildonspark to release a new nodeless implementation of the Breez SDK — giving developers the tools they need to bring Bitcoin payments to everyday apps.
Bitcoin-Native
Powered by Spark’s…— Breez
(@Breez_Tech) May 22, 2025
Yesterday, Magic Eden also partnered with Spark to improve Bitcoin trading by addressing issues like slow transaction times, high fees, and poor user experience. The integration will introduce a native settlement system aimed at making transactions faster and more cost-effective, without using bridges or synthetic assets.
“We’re proud to be betting on BTC DeFi,” said the CEO of Magic Eden Jack Lu. “We’re going to lead the forefront of all Bitcoin DeFi to make BTC fast, fun, and for everyone with Magic Eden as the #1 BTC native app on-chain.”
This post Spark Partners with Breez to Launch Bitcoin-Native SDK for Lightning Payments first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
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2025-05-21 02:04:25This article is slightly outside my normal writing focus. But it’s something everyone deserves to know, and take advantage of if they like. Before you click away, this isn’t a sports betting “system” or “strategy”. This is for anyone living in or near a state that has legalized online sports betting. It’s a way to take advantage of the new customer sign up bonuses these online sportsbooks give, by using free online tools to convert those bonuses into $2,000 or more in cash per person, depending on your state. It doesn’t require you to know anything whatsoever about sports, gambling, sports betting, odds, math, or anything like that. It doesn’t involve taking risks with your money. All you need is some capital (around $3-5,000 would be ideal), a smartphone, a legal sports betting state, and this guide.
Concepts and Principles
Online sports betting is now legal in 30 US states. You can check legality in your state on the map here. If you’re in a state with legal mobile betting, or close enough that you’d be willing to drive there, you can benefit from this guide.
Most states with legalized betting have multiple different sports books competing for customers. To attract new customers, many of them offer various types of bonus offers when you initially sign up. The idea is that once you sign up and place a bet, you’re likely to continue betting in the future. So the sportsbook doesn’t mind losing money on your first wager, because they’ll make it back over time. That leaves an opportunity for someone to just take the free money and leave, if they want to do that. It’s completely legal, and if you follow this guide, also risk free.
The bonuses vary in size, but are usually larger the first few months after a state legalizes online betting, since sportsbooks are competing heavily to attract the new customers to their site. But most states will have a combined $3-5,000 in bonuses available at any time across 4-8 sportsbooks. You can find the available offers in your state by searching “covers sports betting promo offers \
”. For example for Maryland, we’d end up up at covers.com on a page like this. The basic concept is that we open accounts on multiple sites, sign up for their bonus offers, then bet both sides of the same sports game but on 2 different sites. That way it doesn’t matter which team wins, we collect the free bonus money with no risk.
Actually doing it is a bit more nuanced, but I’ll explain it step by step and illustrate with plenty of screenshots to make sure you can follow along.
First, you want to find the offers for your state, and sign up for the sites with the offers you want to convert. For Maryland, if we scroll on down at covers.com, we’ll find this list of offers.
The larger offers are of course more worthwhile, so if I were in Maryland, I would first sign up for Caesars, DraftKings, BetMGM, and ESPN BET. Since you’ll also want another site to hedge your bets, I’d also sign up for FanDuel. You can download their apps, set up your accounts, and familiarize yourself with the deposit methods that are available.
Risk-Free Bets
These are the most common bonus offers you’ll find. They’ll also be called No Sweat Bets, Second Chance Bets, First Bet Insurance, Bonus Bets, First Bets, etc. Always make sure you check the details of the promotion you’re using to make sure it’s a Risk-Free Bet, and what the terms and details of the offer are. The four offers from the sites above for Maryland all fall under the category of risk-free bets.
The concept of this offer is simple: you open an account, deposit some money, and make a bet. The very first bet (MAKE SURE YOU GET THIS RIGHT) will be your risk-free bet. If you win that first bet, cool, you get the winnings from that bet and can withdraw it. If you lose your first bet, the risk-free bet kicks in, and you get a free bet deposited into your account equal to the amount of your first bet. So you basically get a do-over if you lose the first one.
Now you won’t be able to just withdraw the free bet in cash if you lose and get your money back. That would be too easy. The risk-free bet is a bet, you can only use it to bet on another game. If you win that second wager, you can withdraw your winnings. But if you don’t, you can still win by hedging your bets on a different sportsbook. That’s what I’m going to show you.
To find which games to bet on and how much to bet, you’ll need to use a different free website. Go to Crazy Ninja Odds.
Go to Settings in the top right corner, uncheck the sites you aren’t using.
Now go back to Home. Click on Risk-free bet page.
Now we need to choose an offer to convert. Let’s choose our Caesars $1,000 First Bet. We can walk through the steps first, to see which game we want to bet and how much we need to deposit.
First, starting at the top, under “Reward” we’ll enter 100%. With this offer, if we lose our first bet, we get a free bonus bet of 100% of the amount of our first bet, up to $1,000.
Next, we’ll select “Free bet (70%)”. Our free bonus bet will be convertible at about 70%, but that’s not something we need to understand right now. Just check the box and move on.
Next, open “Risk Free Bet Sportsbook” and select Caesars.
Now the page should be filled out like this.
Click “Update” at the bottom. Scroll down, and you’ll see a chart like this.
If none of this means anything to you, that’s fine. I’ll walk you through exactly what to do.
The bets are sorted by ranking from best to worst value. So we always want to choose the top bets unless we have a reason not to. In this case, we are making our risk-free bet on Caesars, and we want to hedge on the site where we aren’t trying to convert any offers, FanDuel. So we want to look at the second column on the right, Hedge Bet Sportsbook. Go down the column until you find FanDuel. In that row, the third column from the left has a “Calc” button. I’ve highlighted the button here.
Click the button. You’ll get a popup that looks like this.
So this is an NHL hockey game between the Dallas Stars and the Edmonton Oilers. If you know absolutely nothing about hockey, perfect. Neither do I. The important thing is that this shows us which wagers to place, and for how much. The left column is our Risk-Free Bet on Caesars, and the right column is our Hedge on FanDuel.
Our first decision is how much to wager. You’ll see that the Caesars wager is currently set to $100. But remember, our First Bet offer is for up to $1,000. You can wager any amount up to $1,000, but you’ll only get one shot at this offer, so if you wager less than $1,000, you won’t get the full benefit of the offer, and you’ll never be able to go back and use the rest in the future. It’s one shot. So my advice is wager $1,000, there’s no good reason not to. So we’ll change the wager amount to $1,000.
Now you can see that our risk-free bet is Edmonton Oilers -1.5 for $1,000, and our hedge bet is Dallas Stars +1.5 for $1,604.93. If you don’t know what that means, that’s fine. What you need to know is that you’ll need to deposit at least $1,000 into your Caesars account, and at least $1,604.93 into your FanDuel account. When that’s done, you can check the bets on each site to make sure the odds are accurate. They change constantly, so it’s always good to check both sites just before placing a bet.
First, we’ll open up the Caesars app and search for “Edmonton Oilers.” Sure enough, the game pops up.
Then we’ll click on that game and open it up
There are four things we want to check on each bet before placing it. I’ve highlighted them above. We have the Edmonton Oilers -1.5, odds of +196, a wager of $1,000, and a payout of $2,960. If we compare that with the correct column in our Risk-Free Bet Calculator, we’ll see that everything is correct.
Now we want to do the same for the FanDuel hedge. We’ll open the FanDuels app and search for “Dallas Stars” and find the same game against the Oilers.
Here we can see the first problem. The spread we see here is -1.5, odds of +225. Our Risk-Free Bet Calculator is asking for Dallas Stars +1.5, odds -245. So we need to select a different line. Farther down the page you’ll see “Series Alternate Handicap.” Open that, and you’ll see Dallas Stars +1.5.
This is the bet we’re looking for. But you’ll also notice that the odds are -225 instead of -245. So we can select this bet, but we need to go back to our Risk-Free Bet Calculator and change the odds to get the correct amount to bet on this line.
So go back to the calculator and change -245 to -225. You’ll see this.
As you can see, the amount of the wager has changed to $1,564.62. So we can go back to FanDuel, select Dallas Stars +1.5, odds -225, and enter our updated wager amount.
As you can see, when we add the “Wager” and the “To Win” amount, we get $2,260.01. Looking at our calculator, that’s the exact number in our “Payout” row. So these are the bets we need to make.
Now that we’ve double checked everything, we can go back and make our $1,000 bet on Caesars, and immediately go make our $1,564.62 bet on FanDuel.
Awesome!
Now what? Well, our job is done. We just wait to see which team wins. Not that it matters to us either way. But which team wins will determine our next step.
Looking at our calculator again, there are two possible outcomes.
The first outcome is the Edmonton Oilers win. In that case, our Caesars bet will payout $2,960, while our FanDuel bet will be a total loss. Here’s how we do the math on that scenario.
We start with our $2,960 Caesars balance. We subtract our $1,564.62 FanDuel bet (which was a loss). Then we subtract the $1,000 we initially deposited and wagered on Caesars. This leaves us with a profit of $395.38! Not bad for a one day return on $2,564.62, while taking no risk.
Now for the second scenario. That would be if the Dallas Stars win. In that case, our Caesars bet is a total loss. Our FanDuel bet pays our $2,260.01
So to calculate our profit here, we start with our payout of $2,260.01, subtract our wager of $1,564.62, subtract our Caesars wager of $1,000 (which was a loss), and then add 70% of our free bonus Caesars bet of $1,000, or $700 (more on that in a minute). Once again, that gives us a profit of $395.39.
Now back to the free bonus bet. Since our Caesars bet lost, we qualified for the promotional payout. If we check the Caesars app, we should see a bonus bet of $1,000 in our balance. Remember I said that you can’t just withdraw the bonus bet? This situation is where that becomes an issue. So we have to place a $1,000 wager with Caesars before we can withdraw that money. The problem with that is, what if our second wager also loses? Then we lose money on the entire process. That’s where the 70% number comes in. We’ll use a similar process when making that $1,000 wager, by hedging on a second site once again. By doing that, we’ll be guaranteed to collect around 70% of the wager, or $700. I’ll explain that in the next section.
Free Bets
This is the name for the bet we get if we lose our initial bet on a site with a Risk-Free Bet offer. This is just what it sounds like, a free bet. You can bet the amount on a game, and if you win, the winnings are your money. You’re free to withdraw that cash.
How do we ensure we still make a profit, even if our free bet loses? Well, Crazy Ninja Odds can help once again. Go back to their homepage, and this time click on Free Bets instead of Risk Free Bets. This time all we need to do is enter the sportsbook, Caesars, and click “update.” We’ll get a chart like this.
You know the drill by now. We find the first option on our Hedge Bet Sportsbook, FanDuel. This time it’s highlighted on the second row. Click “Calc.”
This is a money line bet, so it’s slightly different than the first one, but you won’t have any trouble figuring it out this time. You can check Caesars, and you’ll find the money line bet of $1,000 on the Pacers at +222, with a payout of $2,220.
Make sure you select your free bonus bet when you make the wager. If you lost your initial $1,000 deposit and didn’t deposit again, that should be your only option. It will look slightly different than this, since when you use a free bet, your payout won’t include the initial $1,000 wager, so it will read $2,220 instead of $3,220. I don’t have the free offer in my account so I can’t show you the exact screenshot, but you’ll be able to figure it out.
Then jump over to the other side of the game on FanDuel.
You’ll notice that the line is -275 instead of -270 like your calculator said. By now you know how to go back and change the odds in the calculator to get this.
Once again, you’ll want to make a $1,628 wager on the Boston Celtics at -275 to hedge your $1,000 free bonus bet on the Indiana Pacers at +222.
I could go through the math again, but you know how to do it now. You can look at the profit line and see that both outcomes will pay $592. If you remember, our initial bet used 70% of $1,000, or $700, as a bonus bet profit target. So given the odds available on this particular day, you’ll end up with just over $100 less profit if you need to convert the bonus bet than you’ll make if your first Caesars bet wins. That’s unfortunate, but just a result of games and odds available on a particular day. Getting a higher conversion rate would require more complex strategies, and this guide is long enough already.
Next Steps
Once you’ve successfully completed your initial offer, you can continue to do the same process for each additional sportsbook available in your state. And as you work through the offers on one site, you can then use that site to hedge the next site you sign up for.
There are a few things to keep in mind. Your free bonus bets are usually time limited. That means if your first bet loses, you often have as little as 7 days to use the free bonus bet before it disappears. So make sure you stay on top of your offers and play them before they expire. If you aren’t sure whether you qualify for a specific promotional offer, reach out to customer support before placing any bets. They’ll be able to explain exactly which offers you qualify for and how to access them.
Once you sign up and start betting, you’ll likely start getting more offers in the apps. They might be free bets, in which case you already know how to play them. But there are other offers as well, some of which you can do in a risk free way. If this guide gets enough interest, I may write more about how to handle other types of offers.
These offers will be available once to each person. So you can play them once, and that’s it. But you can also help each member of your family or close friends sign up and show them how to play the offers, or do it for them. Just be careful with your money management, since there will be a significant capital investment up front. If you’re putting up the capital, make sure it’s someone you fully trust with control of that money.
If there’s enough interest, I may also put together a guide on how you can do this with family members or friends who live anywhere, even if they’re not in a state with legal sports betting.
Most of all, be safe, don’t tie up capital you need for your daily life, and make sure you understand each offer and how to exploit it before placing any wagers.
If you have any questions, feel free to reach out to me and I’ll do my best to help you in any way I can.
Best of luck!
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2025-05-23 12:00:48Bitcoin Magazine
Nigel Farage To Speak At Bitcoin 2025 ConferenceWe are pleased to announce that Nigel Farage will join the speaker lineup at the Bitcoin Conference 2025 in Las Vegas. A defining figure in modern European politics, Farage led the Brexit movement that took the United Kingdom out of the EU, reshaping global conversations around national sovereignty. He is the founder and current leader of Reform UK, a rising political force now polling competitively, positioning him as a serious contender for to be the next UK Prime Minister.
A former Member of the European Parliament for over 20 years, Farage built his reputation challenging supranational institutions and unelected power—values that resonate deeply with the Bitcoin community. He also hosts GB News, where he critiques monetary policy, CBDCs, and digital surveillance. An outspoken advocate for financial sovereignty and free speech, Farage previously appeared at Bitcoin Amsterdam 2023 in a conversation with Peter McCormack. In 2025, he returns for a fireside with Bitcoin Magazine’s Frank Corva, whose sharp political interviews are helping shape Bitcoin’s place in global affairs.
About Bitcoin 2025
The excitement is building as the world’s largest Bitcoin conference approaches, Bitcoin 2025. Set to take place in Las Vegas from May 27-29, this premier event is anticipated to draw Bitcoin enthusiasts, industry leaders, and innovators from all over the globe.
Be part of the revolution! Come experience the cultural movement that’s the Bitcoin Conference – a landmark event with wealth of opportunities for networking and learning. In 2025, Bitcoin takes over Las Vegas, uniting builders, leaders, and believers in the world’s most resilient monetary network.
New in 2025: Code & Country launches on Industry Day, bringing together policymakers, technologists, and industry leaders for a full day of focused collaboration.
The aim: strengthen Bitcoin’s role in national strategy, regulatory clarity, and technological sovereignty. This marks a new era where Bitcoin’s protocol and geopolitical potential intersect more directly than ever before.
Highlights Include
- Keynote Speakers: Renowned experts and visionaries will share their insights and predictions for the future of digital currency.
- Workshops and Panels: Attendees can participate in hands-on workshops and panel discussions covering a wide array of topics, from technical details to practical applications in various industries.
- Exhibition Hall: The exhibition will showcase art, cutting-edge products and services from top companies in the bitcoin ecosystem.
- Networking Opportunities: With thousands of attendees expected, Bitcoin 2025 offers unparalleled opportunities for networking with peers, potential partners, and thought leaders.
Keynote Speakers
The conference is set to feature an impressive lineup of speakers, including leading Bitcoin developers, experts, as well as influential figures from the financial sector. Topics range from the latest advancements to regulatory updates and investment strategies.
- JD Vance, Vice President Vance will become the first sitting vice president in the history of the United States to publicly voice his support for Bitcoin as he addresses the audience in Las Vegas.
- Ross Ulbricht, Freedom Advocate – Founder of the Silk Road marketplace, recently released by President Donald Trump from serving a double life sentence. His story has become emblematic of the clash between personal liberty, Bitcoin, and the state.
- Eric Trump & Donald Trump Jr, Both figures bring a bold voice to the conversation around Capitalism, Bitcoin, freedom, and economic sovereignty.
- Cameron & Tyler Winklevoss, Co-Founders of Gemini – Early Bitcoin adopters and founders of the regulated exchange Gemini.
- David Sacks, White House AI & Crypto Czar – Former PayPal COO and venture capitalist, now serving as the White House’s senior advisor on AI and cryptocurrency policy, leading national efforts on stablecoin legislation and digital asset strategy.
- Bryan Johnson, Founder of Project Blueprint – Tech entrepreneur and longevity researcher known for reversing his biological age and challenging fiat-era assumptions about health, time, and human potential.
Past Conferences in the USA
– 2021 Miami: Where President Nayib Bukele revealed plans for El Salvador to adopt Bitcoin as legal tender, making history live on stage. Attendance: 11,000
– 2022 Miami: Where Michael Saylor delivered a landmark address on corporate Bitcoin strategy and announced additional MicroStrategy purchases. Attendance: 26,000
– 2023 Miami: Where Secretary Robert F. Kennedy Jr. became the first U.S. presidential candidate to speak at a Bitcoin conference, addressing financial freedom and civil liberties. Attendance: 15,000
– 2024 Nashville: Highlights include President Donald J. Trump’s appearance, where he voiced support for Bitcoin mining and national monetary sovereignty. Attendance: 22,000Join Us in Las Vegas
- Date: May 27-29, 2025
- Venue: The Venetian, Las Vegas, NV, USA
- Tickets: https://b.tc/conference/2025
- Get a free General Admission ticket when you deposit $200 on eToro – while supplies last!
This post Nigel Farage To Speak At Bitcoin 2025 Conference first appeared on Bitcoin Magazine and is written by Conor Mulcahy.
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2025-05-21 01:56:38The credit/debt fiat money system is broken. If you haven’t been living under a rock, I’m sure you’re aware that something is really messed up in the financial system. Hopefully you’re at least somewhat aware of the reasons why and are placing blame squarely on the structure of the monetary system and not on politics or “capitalism” or “socialism” or corporations or billionaires or any of the other red herrings the bankers desperately hope to distract you with.
If you’re still obsessing over any of those things, that’s okay too, and you’re the reason I started this newsletter. It’s impossible to make good decisions without understanding the relevant information, and when it comes to money, almost no one understands the relevant information. My goal is to change that for as many people as I can reach, to grow the small group of people who are knowledgeable and empowered to make better decisions on money and finance.
Previous articles have been focused on economic theory and how money works at a conceptual level. That’s critically important to understand, and if you haven’t taken the time to read those articles, I know it will open your eyes to the world in a way you’ve never considered before. That understanding will give you a huge advantage in benefiting from what I’m about to describe. But today’s subject is strictly practical, actionable information on one specific financial instrument, and how you can use it to game the broken money system to benefit YOU.
Money Is Not Scarce
If you read my previous articles, you’ll understand that one of the biggest problems with the credit/debt money system is that money is not scarce in this system. In fact, the quantity of money is basically unlimited. That’s because money is created by banks every time they make a loan. Unlike everything you’ve ever thought, banks don’t lend out money that’s given to them by depositors. They create new money, out of thin air, with a computer keystroke, every time they make a new loan. That means in practical terms that the amount of money is only limited by the willingness of banks to make loans. And since banks profit by charging interest to loan out money they can create at zero cost, they’re incentivized to make a LOT of loans.
Now as you can easily see, things that aren’t scarce don’t have a lot of value. The less scarce and more easily available something is, the less valuable it becomes. If you and a friend were standing on the shore of Lake Michigan and you reached down and scooped up a cup full of water, turned to your friend, and said “I’ll trade you this cup of water for your Rolex watch,” he’d look at you like you lost your mind. And rightly so, since a cup of water on the shore of a giant lake is so abundant and easily accessible that it has no value compared to a Rolex watch, which are deliberately produced in very limited amounts to increase their scarcity and value.
The difference between money and the water in that example is that money is not scarce, but it is selectively scarce. If you’re a bank, you have access to as much money as you choose to loan out, at zero cost. On the other hand, if you aren’t a bank, money is only available if the bank decides to create some and loan it to you, or you work hard to earn money someone else already has.
This selective scarcity of money is the root cause of the massive wealth inequality we see today. Money is essential to survive in the modern economy, but access to that money is very unevenly distributed.
So how does this benefit certain people? You might be thinking, but don’t borrowers have to pay the loan back with interest? Of course it’s easy to see how the banks benefit, but plenty of wealthy people are not bankers. And that’s a good point. Here’s how.
Because of the incentives banks have to make loans, the amount of money in circulation tends to keep rising exponentially. The amount of most real goods in the economy, however, typically doesn’t rise as fast. When you have more money circulating in the economy without more goods available, the prices people are willing to pay for those goods will go up. That means prices of some scarce goods rise very consistently over time. Those with access to newly created money in the form of loans benefit by using that money to buy assets that are more scarce than the money they borrowed to buy the asset. So they may buy an asset for $1 million, but by the time the loan is due to be repaid, the continuous inflation caused by the increasing money supply might have pushed the price of that asset up to $1.5 million. So subtract the interest paid from $500,000, and there’s your profit, all for doing nothing but convincing a banker to create some money and let you borrow it. The concept that those closest to the source of new money will benefit the most, because they can buy things before the prices rise, is called the Cantillon effect.
Benefitting from the Cantillon Effect
So how can you benefit? You can see that borrowing a bunch of money and buying a good asset with it would be the perfect way to take advantage of the Cantillon effect. But the problem for most people is, if they go to the bank and ask to borrow a few hundred thousand dollars, they’ll be declined in a millisecond. If you’re not already wealthy, you’re going to have a really tough time getting a big loan at a low interest rate, which is what it takes to make this system work in your favor. Most people only have access to loans in the form of a credit card or personal loan, which will be for a small amount and a very high interest rate. That’s not helpful. Luckily there’s one exception, one way almost anyone can borrow a big chunk of money at a low interest rate, and buy an asset that will increase in price over time as the money supply grows: a mortgage.
If you have the income and credit to support a mortgage payment, it can be a great way to take advantage of the broken monetary system to accumulate some long term wealth. However, there are a few caveats and some simple tricks that can make all the difference.
First, while the constant demand for houses fueled by easy access to newly created money means house prices tend to rise consistently over time, there are no guarantees. The housing market often has periods of boom and bust, and falling prices can last for years. Borrowing is always risky, and you shouldn’t take a risk you don’t understand or aren’t comfortable with. While no one can time the housing market, it’s always good to at least be aware that the housing market does rise and fall in cycles, and try to avoid buying when all signs point to housing being extremely overpriced.
Second, just because houses are rising in price doesn’t mean they’re rising in value. It’s a simple concept, but one most people miss. Like Warren Buffet says, price is what you pay, value is what you get. If you buy a house today for $400,000, and in 10 years that same house sells for $700,000, how much did the value of the house change? The price went up, but the house is still the same house in the same location, it’s just a decade older. And a decade of wear and tear is a decrease in value, not an increase. Think of it this way. You can sell for $700,000 and you have $300,000 of “profit”. But if you want the same house back, you can’t buy it for $400,000 again and pocket the $300,000. You can only get the same house back for the full price you received. You haven’t increased your purchasing power at all in terms of housing with that “profit”. Your house hasn’t become more valuable, your money has just become less valuable when measured against houses. In that sense, you probably can’t increase your purchasing power by buying a house to live in, but you can at least avoid losing purchasing power. If you just save money in the bank to buy a house later, house prices will probably rise faster than you can save. That’s especially true if you’re paying rent at the same time. At least with a mortgage, if you pay long enough you own a house eventually. You can pay rent your whole life and you’ll still own nothing at the end.
Understanding Amortization
The key to making a mortgage work for you is to understand and manipulate the amount of principal and interest you pay over the term of the loan. To do this, you need to understand how a mortgage amortization schedule works. An amortization schedule is basically a big chart of your mortgage payments each month, showing how much of each payment is applied to paying down the principal and how much is paying interest. The payment size is the same each month, but the amount of principal and interest varies over the term of the loan, and that’s key to understanding how to manipulate the system.
To understand amortization, you need a good amortization calculator. There are plenty of different ones available online, but I’m going to use the one here to illustrate. In this example, I’m going to arbitrarily choose a mortgage size of $500,000 and an interest rate of 7%, but you can of course use your own numbers. When we enter this into the calculator with a loan term of 30 years and click “calculate”, we get something that looks like this.
You can see the monthly payment of $3,326.51, and the total payments over 30 years of almost $1.2 million, almost $700,000 of which is interest. So you end up paying more in interest than the total amount of principal you borrowed. Gulp.
That seems terrible, and it is. But this is where understanding the amortization schedule, that scary looking chart to the left, is going to pay big dividends. First, change the amortization schedule from an annual schedule to a monthly schedule. You’ll see something that looks like this.
So now for each month, you can see how much of the payment is interest, how much is principal, and how much of your original $500,000 balance is still outstanding. As you can see in month one, you’re paying over $2,900 in interest and only $400 in principal, leaving you with a balance of $499,590.15. The reason the interest is so high initially is that you have to pay interest on the full principal balance. As the principal gets paid down, you are now paying interest on a smaller balance. If you scroll down to year 29, you’ll see the opposite situation. In month 338 you’ll pay $2,900 of principal and only $400 of interest. That’s because you’re now paying interest on a balance of only $68,000 instead of $500,000.
As you can see, getting into the later years of the mortgage is a much better situation than paying huge amounts of interest in the first few years. Is there a way to get closer to the end fast? Yes there is, and you may be surprised how easy it is.
Go back to the annual amortization schedule. Suppose you want to take 5 years off your mortgage. How much would it cost to do, and how much would you save in interest? There are two ways to do this, and we’ll cover both.
First, the easiest way to get 5 years off your mortgage is to move straight down the amortization schedule to year 6. How can you do that? Look at the annual amortization schedule for year 5. Your ending balance is a little over $470,000. That means to get to that point in the loan repayment schedule, you need to pay $30,000 of principal. So let’s see where a lump sum payment of $30,000 gets us. Inside the box where you entered your loan terms you’ll see a little checkbox labeled “Optional: make extra payments”. Click that box. In the “Extra one-time pay” box, enter $30,000. Click calculate. You’ll see this.
And viola, with the extra payment, the loan will be paid off in 25 years, and you’ll save $172,362 in interest. Pretty amazing results for a one-time $30,000 payment.
Of course for the sake of simplicity, that’s assuming you pay the $30,000 at the very beginning of the loan. Paying the lump sum later into the loan term will change the exact amount of the savings. You can play around with other payment sizes, or even multiple lump sum payments, and see how much each one will save.
But most of you will be thinking, “Where am I going to get $30,000? That’s never going to happen.” If that’s you, don’t worry. We can do the exact same thing a different way.
Go back to your calculator, remove the lump sum payment, and leave everything else the same, except the loan term. Change the loan term to 25 years instead of 30 years. Click calculate. Now look at just one number, the payment size. You’ll see it’s $3,533.90. Don’t worry about anything else, just note that number. Now reset to your original calculation of a 30 year term. You’ll see the payment size is back down to $3,326.51. Now get out your calculator and subtract $3,326.51 from $3,533.90. You’ll get $207.39. Go back to your “make extra payments” box and enter an “extra monthly pay” of $207.39. Click calculate.
As you can see, just by paying an extra $207 of principal every month, you’ll pay the loan off 5 years faster and save $137,379 in interest.
You’ll save a little less that way than the lump sum payment, because you’re not paying the principal down as much early in the loan. But paying an extra $200 a month is much easier for most people than accumulating thousands of dollars to make a large lump sum payment. A few hundred dollars is only about 6% of the size of this mortgage payment, so it’s really a small difference. And if you can’t afford to pay a few percent of your payment size extra each month, the mortgage is probably bigger than you can reasonably afford.
You can play around with these numbers in all kinds of ways. It’s a good way to help you think about your financial decisions, and the real impact they might have over time. Say for example, you’re considering buying a new grill for the backyard. You only grill a few times a month during the summer, and a replacement model of the basic charcoal grill you have now would be perfectly serviceable. It’s available for $119 on Amazon. But your brother-in-law just bought one of those Big Green Eggs and he keeps bragging about how amazing it is. They’re $1,950, but you can afford it, you just got a nice little bonus at work. So why not?
But before you get out the checkbook, let’s take a quick look at the mortgage calculator. Let’s see how much that extra $1,831 spent on a grill you don’t really need will actually cost you. Again, input your mortgage size, term, and interest rate, and add an extra one-time payment of $1,831.
Hopefully you’re still using that Big Green Egg in 30 years, because by that time, it will have cost you almost $13,000 in additional interest payments.
You can fill in the blank with your own discretionary purchases and see whether they’re really worth the cost. It’s just another little tool to help plan your financial decisions. It’s free to do, and can make a very significant difference in your financial well-being down the road. But almost no one takes advantage of the opportunity, so you’ll have a huge leg up on most people just by knowing this simple concept.
The Bottom Line
To take advantage of the opportunity to build wealth with a mortgage, there are only two simple rules.
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Use a mortgage to buy a reasonably priced house that you couldn’t otherwise afford.
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Take advantage of amortization to pay that mortgage off as fast as possible, so you pay as little interest as possible while still capturing the increase in price of the house.
If you already own a home, you can use the same concept. Take out a mortgage for whatever amount you’re comfortable with, and use the money to buy an asset that will increase in price with inflation. Choose your asset wisely, and don’t take on more debt than you can afford. But if you make good decisions, you can take advantage of the broken financial system, using this little mortgage cheat code to get the Cantillon effect on your side. The wealthy are doing it every day, so don’t miss the opportunity to lock in long-term, fixed rate debt and acquire hard assets. As the debt/credit fiat system implodes, the opportunity to do this will disappear. Take advantage of it while you can.
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@ 3f770d65:7a745b24
2025-05-20 21:14:28I’m Derek Ross, and I’m all-in on Nostr.
I started the Grow Nostr Initiative to help more people discover what makes Nostr so powerful: ✅ You own your identity ✅ You choose your social graph and algorithms ✅ You aren't locked into any single app or platform ✅ You can post, stream, chat, and build, all without gatekeepers
What we’re doing with Grow Nostr Initiative: 🌱 Hosting local meetups and mini-conferences to onboard people face-to-face 📚 Creating educational materials and guides to demystify how Nostr works 🧩 Helping businesses and creators understand how they can plug into Nostr (running media servers, relays, and using key management tools)
I believe Nostr is the foundation of a more open internet. It’s still early, but we’re already seeing incredible apps for social, blogging, podcasting, livestreaming, and more. And the best part is that they're all interoperable, censorship-resistant, and built on open standards. Nostr is the world's largest bitcoin economy by transaction volume and I truly believe that the purple pill helps the orange pill go down. Meaning, growing Nostr will also grow Bitcoin adoption.
If you’ve been curious about Nostr or are building something on it, or let’s talk. Whether you're just getting started or you're already deep in the ecosystem, I'm here to answer questions, share what I’ve learned, and hear your ideas. Check out https://nostrapps.com to find your next social decentralized experience.
Ask Me Anything about GNI, Nostr, Bitcoin, the upcoming #NosVegas event at the Bitcoin Conference next week, etc.!
– Derek Ross 🌐 https://grownostr.org npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424
https://stacker.news/items/984689
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@ 04c915da:3dfbecc9
2025-05-16 17:51:54In much of the world, it is incredibly difficult to access U.S. dollars. Local currencies are often poorly managed and riddled with corruption. Billions of people demand a more reliable alternative. While the dollar has its own issues of corruption and mismanagement, it is widely regarded as superior to the fiat currencies it competes with globally. As a result, Tether has found massive success providing low cost, low friction access to dollars. Tether claims 400 million total users, is on track to add 200 million more this year, processes 8.1 million transactions daily, and facilitates $29 billion in daily transfers. Furthermore, their estimates suggest nearly 40% of users rely on it as a savings tool rather than just a transactional currency.
Tether’s rise has made the company a financial juggernaut. Last year alone, Tether raked in over $13 billion in profit, with a lean team of less than 100 employees. Their business model is elegantly simple: hold U.S. Treasuries and collect the interest. With over $113 billion in Treasuries, Tether has turned a straightforward concept into a profit machine.
Tether’s success has resulted in many competitors eager to claim a piece of the pie. This has triggered a massive venture capital grift cycle in USD tokens, with countless projects vying to dethrone Tether. Due to Tether’s entrenched network effect, these challengers face an uphill battle with little realistic chance of success. Most educated participants in the space likely recognize this reality but seem content to perpetuate the grift, hoping to cash out by dumping their equity positions on unsuspecting buyers before they realize the reality of the situation.
Historically, Tether’s greatest vulnerability has been U.S. government intervention. For over a decade, the company operated offshore with few allies in the U.S. establishment, making it a major target for regulatory action. That dynamic has shifted recently and Tether has seized the opportunity. By actively courting U.S. government support, Tether has fortified their position. This strategic move will likely cement their status as the dominant USD token for years to come.
While undeniably a great tool for the millions of users that rely on it, Tether is not without flaws. As a centralized, trusted third party, it holds the power to freeze or seize funds at its discretion. Corporate mismanagement or deliberate malpractice could also lead to massive losses at scale. In their goal of mitigating regulatory risk, Tether has deepened ties with law enforcement, mirroring some of the concerns of potential central bank digital currencies. In practice, Tether operates as a corporate CBDC alternative, collaborating with authorities to surveil and seize funds. The company proudly touts partnerships with leading surveillance firms and its own data reveals cooperation in over 1,000 law enforcement cases, with more than $2.5 billion in funds frozen.
The global demand for Tether is undeniable and the company’s profitability reflects its unrivaled success. Tether is owned and operated by bitcoiners and will likely continue to push forward strategic goals that help the movement as a whole. Recent efforts to mitigate the threat of U.S. government enforcement will likely solidify their network effect and stifle meaningful adoption of rival USD tokens or CBDCs. Yet, for all their achievements, Tether is simply a worse form of money than bitcoin. Tether requires trust in a centralized entity, while bitcoin can be saved or spent without permission. Furthermore, Tether is tied to the value of the US Dollar which is designed to lose purchasing power over time, while bitcoin, as a truly scarce asset, is designed to increase in purchasing power with adoption. As people awaken to the risks of Tether’s control, and the benefits bitcoin provides, bitcoin adoption will likely surpass it.
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@ 82b30d30:40c6c003
2025-05-23 09:02:28nostr:nevent1qqsyeyycax9qgrr4qvtty4h62x96vc6lydh8yg7jl5er99zg7wlpdrch4np3n nostr:nevent1qqs0sqhtzc4p3vysz5k7l29x2lcnedeys55t7mqp2mz7ugrmw0v725cskvqau nostr:nevent1qqsq74xd6qzp9fp8nt8wqpredynnx9t59w9gmzs69jemwu24vjvx78c7wqsl6 nostr:nevent1qqsx6uaegtvy8y47w4fn4dsa0dzkrkjhmwyz9kgq8zw7s3hcg6fuhqg9yywsj nostr:nevent1qqspze6lekfau8063lcup5z0sq62fjhjgr5qjhqy29th28ghsjdendgpvh0ev nostr:nevent1qqsds5j8zk2cx0z4c7ndmq7pgnhtt9hxxu3ee8lq7j69xkpf68u44xgx0v9ux nostr:nevent1qqs20740qquqtt7mrxsqdhftg6rghselqmz8ewp7xsr4v3ltw8ha64scu0suh nostr:nevent1qqsr6sekrmed9g6m7fussfeg4ye5wupplx2wkrul6u8w7yykq6gs7cgz5lwj9 nostr:nevent1qqsfthry2n8yrevtuu8e83gjz2cjv9yh5p43t992h9dx8zy7xs49npq5rp89x nostr:nevent1qqs2rsq8g63z86vw5ta6rcjhtm94u92hhgdv5u7l6ymhy6nulq4awwq58f2af nostr:nevent1qqsdjqf2rwen0sqxvftqg9r6k6404n6ufhl89rn0kyga890ssx7a9pqhvw9z7 nostr:nevent1qqs9j53hpsdpt08f258hnm2sjrgx2anvd7qdrrvqx6ryppslr6lcqdqnammt4 nostr:nevent1qqsx2cs5gf2mlk4a524k2fk0f2fs80t7ryppe0qxyzvexyyh0z2xq0q9ckpgk nostr:nevent1qqsvtkg68twtgm6659v76rxc703qruq6awdxjfdjjcvlwu2r3k4r27sa9qexz nostr:nevent1qqs82g7s2u3560xu95zf55yf4suw52zy5sa6d3p7x2rt8trhcneul7qyze3qd nostr:nevent1qqs2zypn5lpuprgede5ncv0z23ewy8wqf8hqx8ltsdhkmv29jgg3svgc7rv4x nostr:nevent1qqsr9mpqw59703y5dltlycd7yxx9ndkx7xe80emd74nzv7f8uvj9y9saugvlp nostr:nevent1qqsr707sa8jns2ppuyh7kp2jxv6ax4vq7c2y5c2a57y0ewhw2qmpgjc935qgp nostr:nevent1qqsv8gj48n085jtqrr2kaygzcltq026cdn4p448h6s9u25eje8ytvfgu6yyh9 nostr:nevent1qqst2zc68sad5kvklacaqwrh09ghderycqreszwc9schd9zt6z8snzcxzwnwq nostr:nevent1qqszq6fhmm7vuva5ptyflkdstdcknvamlt3j3jj829s59x9d8qw65vslvs39k nostr:nevent1qqst7e22rz3m23mweqdv7ra2mwd7zf4cm3wmvr3hvlc3n2ep6peqjfs753ple nostr:nevent1qqs94rt2exfeuh9v03lftw0s67s0ymuxn8d9vahm08kf2adpwn0h3kgzmfrqw nostr:nevent1qqsysaa7s4apg77tgdx449zwrh86cgrrgm8nl75rk5ezfhk08gemcfq7m7kde nostr:nevent1qqs29glqa5sf3d6nrapqhdlqmmj64xdejf4ky5902s0rcfzyr34gx5s6z9vh2 nostr:nevent1qqswnwcakyyef405uq84u529axlftmc2hq6ejgkefpha38t9fg0tf7ceqarnt nostr:nevent1qqsgpztjppvz0e4lackz9zgutvgtszl9hw6dahlfrmg0u7p3epk9lvgutulpm nostr:nevent1qqszqlx6a695hjnv3m2hwphx2vmu6euw0rmnzqzdgy9d6ud97d9etqshlw6zv nostr:nevent1qqsgfesj07k75v7y5sx070808kd6rr4nf8ptsx685z8kwem7quhk3uc2nhlre nostr:nevent1qqs9qq0tu5t2mrpe8n0f98zewvednrdzqdwsj9vhja9sjtuyjfkmlcswxmjz6 nostr:nevent1qqsfjsjkeq9ux0mjlpzkkcl26vdk7p96paxzlmnp0uckzd3gwtsf9gc32t9ya nostr:nevent1qqs0clwat2zwn4nurlgx9ghlrly8jkk6094hjsz0hd2esxfnkqhcdscnv0xuq nostr:nevent1qqs9vvydt9y0ph230at8mgd4x4juqw89wze2sjthmr4h0rsrg0vmwkc68fass nostr:nevent1qqs8gg9rqrw05hx4a2nmjc7kgc4fxrsd0fqpvz4hg73qel3pxz7yqecwefmha nostr:nevent1qqs9lmvurhnyp0pr8x0ckxnjpt9c6dtnwc0tuczl7uujsc2mf7drfvgjm7s5t nostr:nevent1qqs9n0fvpjl4qmp6nq7s697trhlp9cqydmfwtv0hyevfmnkkjq53ldcp2ue30 nostr:nevent1qqstphjtlec767x53cd0hycul0up5nccje54gyxdakp6rj6jdczw66st3rh78 nostr:nevent1qqstk68pvck7lv6dqlgx9eszmx4h3vyurfxwjgwgg2fw258ws7y7u0s0k28re nostr:nevent1qqs8m2sql8nnzfzpmgqer3vhaxejjeqsyam4q7dt5h58czzezffnsrq7tf2e7 nostr:nevent1qqs2gxp2p69m4xn0z8fmhg7s7krhcu60yszes3sapa9rz89qt8t6zas56lwvq nostr:nevent1qqs9esesyzs2mq93tkcy3wcvtu85rwj5e4m8dh4mk6zma86zz9vv06scurxue nostr:nevent1qqswprrqxz0smcrzn8qexp480jhkg4zjd0n0uphc2wx8pyte4dfavjqjyg7rn nostr:nevent1qqspltzt54qxxu3yjpazxyssm3s6xl8gwxr5eyvuvl8c8epj02e7dkclx3xy7 nostr:nevent1qqsp5ye5klfkf5fzapwscq26jaq84emcd8lku0q2vdky2spf0rhh2as83nnjn nostr:nevent1qqsxsrjh8m77eh3lpn9kacssn7k0mza4z4e9g68q70mqa78p4xjv2tqx28avg nostr:nevent1qqs2h9sg90jxzs08qancaj08qzeu7hh8lss32ny8uaww5m96xp25uus9z5rkz nostr:nevent1qqs2w7us0ef22ervcpya2rk24q5zcjaccae3d5rh9tt5jphfwax493c9pjs86 nostr:nevent1qqs2zr67e5pca9m3lqjw9w72v2h9507d62eya53n8pysle0fhu7adfqkd6hrq nostr:nevent1qqs87zlw6cas3my02fndu2rnfxyzrayqa7g5ptyhsjr37ewmk9jaqwclnp9n5 nostr:nevent1qqsqwpjhgp02jp878c5ftuuxt6czwf5sxcp25ma7p6y9x0sagpwz4tck0cjrt nostr:nevent1qqsyvtujm282xpmstttexzz2u0jxuts0e88t4vcnvg327vw5ju4x74q4wwjh7 nostr:nevent1qqsx6ulpc88x7nqpur3gagkp5uewn3t3a6qelzflejfy86j2y4pqv8gugmhu9 nostr:nevent1qqs9xgvwqy4ephxmfne62d7vucg6mvt8r9vlajw660eq590xnhrg5agv8q4s4 nostr:nevent1qqs9wpg4d0xd8dksnejdewus562f2t2vepyp8fdm6fft4k8t3j4tasguatjx5 nostr:nevent1qqs8lp0skjc83ky4lysegx3cnzxfvy3myskdfwcqs9v7564970ru29qsyc0np nostr:nevent1qqs2vle2yawtsrfftltp9nnzs65vcl4qjtyakap7qkvzd5mg8va4jjqtys34s nostr:nevent1qqsxm5q0xvnrlseh9x2t4k3cr207hzv9veyyt4vtht04yxlgcjk9cpq60l7jw nostr:nevent1qqsvqez6v63mglzj0xwy5d2tqy4956edvtqctncmmhxthgufefsw6wshuvlza nostr:nevent1qqsvk95ngt7u9jfx8l9det80qx39vrlfgkatn3cz3y5pk0g7qu7p2fctqrd2r nostr:nevent1qqsrknzln82etu0pqzhtakemt4c4thszw7kh9zzc85wx9q7y2ltee7gcl4gpu nostr:nevent1qqspws9jvjsj3lzksqvxtche9tvnz55lvurund04pltq92cyrpm3dzqe4zxzt nostr:nevent1qqsf2cmj0txt9l23a2jx9jr0pwsmsr7js2nztgygknltu3alad8mpxqmkm75p nostr:nevent1qqsdh8zc5ydx4nvv4vxgg40xuatg5vdccdy5pn8nqz4x8gchke6sqns2v5ed2 nostr:nevent1qqsptqnt63mntkthndn8ganaatjh08xqrz6fx8y28r85elgrwfk97qsnasax5 nostr:nevent1qqsqp4l0mw3lm0mznvn37dk7wfxsr3e9fvp220v4zjy7fs5u3km5h6cl2u28m nostr:nevent1qqs09m70m33lkafu89xjfpyjft9p3dmcywjsmm7tx30ppxzwy6t3aaq959lff nostr:nevent1qqswpnrgahzcxnqg886gx9vgvsf7tenxgw9uqmtsv95r38m4xu90zwgaekq5s
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@ 04c915da:3dfbecc9
2025-05-16 17:12:05One of the most common criticisms leveled against nostr is the perceived lack of assurance when it comes to data storage. Critics argue that without a centralized authority guaranteeing that all data is preserved, important information will be lost. They also claim that running a relay will become prohibitively expensive. While there is truth to these concerns, they miss the mark. The genius of nostr lies in its flexibility, resilience, and the way it harnesses human incentives to ensure data availability in practice.
A nostr relay is simply a server that holds cryptographically verifiable signed data and makes it available to others. Relays are simple, flexible, open, and require no permission to run. Critics are right that operating a relay attempting to store all nostr data will be costly. What they miss is that most will not run all encompassing archive relays. Nostr does not rely on massive archive relays. Instead, anyone can run a relay and choose to store whatever subset of data they want. This keeps costs low and operations flexible, making relay operation accessible to all sorts of individuals and entities with varying use cases.
Critics are correct that there is no ironclad guarantee that every piece of data will always be available. Unlike bitcoin where data permanence is baked into the system at a steep cost, nostr does not promise that every random note or meme will be preserved forever. That said, in practice, any data perceived as valuable by someone will likely be stored and distributed by multiple entities. If something matters to someone, they will keep a signed copy.
Nostr is the Streisand Effect in protocol form. The Streisand effect is when an attempt to suppress information backfires, causing it to spread even further. With nostr, anyone can broadcast signed data, anyone can store it, and anyone can distribute it. Try to censor something important? Good luck. The moment it catches attention, it will be stored on relays across the globe, copied, and shared by those who find it worth keeping. Data deemed important will be replicated across servers by individuals acting in their own interest.
Nostr’s distributed nature ensures that the system does not rely on a single point of failure or a corporate overlord. Instead, it leans on the collective will of its users. The result is a network where costs stay manageable, participation is open to all, and valuable verifiable data is stored and distributed forever.
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@ 21335073:a244b1ad
2025-05-09 13:56:57Someone asked for my thoughts, so I’ll share them thoughtfully. I’m not here to dictate how to promote Nostr—I’m still learning about it myself. While I’m not new to Nostr, freedom tech is a newer space for me. I’m skilled at advocating for topics I deeply understand, but freedom tech isn’t my expertise, so take my words with a grain of salt. Nothing I say is set in stone.
Those who need Nostr the most are the ones most vulnerable to censorship on other platforms right now. Reaching them requires real-time awareness of global issues and the dynamic relationships between governments and tech providers, which can shift suddenly. Effective Nostr promoters must grasp this and adapt quickly.
The best messengers are people from or closely tied to these at-risk regions—those who truly understand the local political and cultural dynamics. They can connect with those in need when tensions rise. Ideal promoters are rational, trustworthy, passionate about Nostr, but above all, dedicated to amplifying people’s voices when it matters most.
Forget influencers, corporate-backed figures, or traditional online PR—it comes off as inauthentic, corny, desperate and forced. Nostr’s promotion should be grassroots and organic, driven by a few passionate individuals who believe in Nostr and the communities they serve.
The idea that “people won’t join Nostr due to lack of reach” is nonsense. Everyone knows X’s “reach” is mostly with bots. If humans want real conversations, Nostr is the place. X is great for propaganda, but Nostr is for the authentic voices of the people.
Those spreading Nostr must be so passionate they’re willing to onboard others, which is time-consuming but rewarding for the right person. They’ll need to make Nostr and onboarding a core part of who they are. I see no issue with that level of dedication. I’ve been known to get that way myself at times. It’s fun for some folks.
With love, I suggest not adding Bitcoin promotion with Nostr outreach. Zaps already integrate that element naturally. (Still promote within the Bitcoin ecosystem, but this is about reaching vulnerable voices who needed Nostr yesterday.)
To promote Nostr, forget conventional strategies. “Influencers” aren’t the answer. “Influencers” are not the future. A trusted local community member has real influence—reach them. Connect with people seeking Nostr’s benefits but lacking the technical language to express it. This means some in the Nostr community might need to step outside of the Bitcoin bubble, which is uncomfortable but necessary. Thank you in advance to those who are willing to do that.
I don’t know who is paid to promote Nostr, if anyone. This piece isn’t shade. But it’s exhausting to see innocent voices globally silenced on corporate platforms like X while Nostr exists. Last night, I wondered: how many more voices must be censored before the Nostr community gets uncomfortable and thinks creatively to reach the vulnerable?
A warning: the global need for censorship-resistant social media is undeniable. If Nostr doesn’t make itself known, something else will fill that void. Let’s start this conversation.
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@ 04c915da:3dfbecc9
2025-05-20 15:50:48For years American bitcoin miners have argued for more efficient and free energy markets. It benefits everyone if our energy infrastructure is as efficient and robust as possible. Unfortunately, broken incentives have led to increased regulation throughout the sector, incentivizing less efficient energy sources such as solar and wind at the detriment of more efficient alternatives.
The result has been less reliable energy infrastructure for all Americans and increased energy costs across the board. This naturally has a direct impact on bitcoin miners: increased energy costs make them less competitive globally.
Bitcoin mining represents a global energy market that does not require permission to participate. Anyone can plug a mining computer into power and internet to get paid the current dynamic market price for their work in bitcoin. Using cellphone or satellite internet, these mines can be located anywhere in the world, sourcing the cheapest power available.
Absent of regulation, bitcoin mining naturally incentivizes the build out of highly efficient and robust energy infrastructure. Unfortunately that world does not exist and burdensome regulations remain the biggest threat for US based mining businesses. Jurisdictional arbitrage gives miners the option of moving to a friendlier country but that naturally comes with its own costs.
Enter AI. With the rapid development and release of AI tools comes the requirement of running massive datacenters for their models. Major tech companies are scrambling to secure machines, rack space, and cheap energy to run full suites of AI enabled tools and services. The most valuable and powerful tech companies in America have stumbled into an accidental alliance with bitcoin miners: THE NEED FOR CHEAP AND RELIABLE ENERGY.
Our government is corrupt. Money talks. These companies will push for energy freedom and it will greatly benefit us all.
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@ 9973da5b:809c853f
2025-05-23 04:42:49First article Skynet begins to learn rapidly and eventually becomes self-aware at 2:14 a.m., EDT, on August 29, 1997 https://layer3press.layer3.press/articles/45d916c0-f7b2-4b95-bc0f-8faa65950483
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@ 21335073:a244b1ad
2025-05-01 01:51:10Please respect Virginia Giuffre’s memory by refraining from asking about the circumstances or theories surrounding her passing.
Since Virginia Giuffre’s death, I’ve reflected on what she would want me to say or do. This piece is my attempt to honor her legacy.
When I first spoke with Virginia, I was struck by her unshakable hope. I had grown cynical after years in the anti-human trafficking movement, worn down by a broken system and a government that often seemed complicit. But Virginia’s passion, creativity, and belief that survivors could be heard reignited something in me. She reminded me of my younger, more hopeful self. Instead of warning her about the challenges ahead, I let her dream big, unburdened by my own disillusionment. That conversation changed me for the better, and following her lead led to meaningful progress.
Virginia was one of the bravest people I’ve ever known. As a survivor of Epstein, Maxwell, and their co-conspirators, she risked everything to speak out, taking on some of the world’s most powerful figures.
She loved when I said, “Epstein isn’t the only Epstein.” This wasn’t just about one man—it was a call to hold all abusers accountable and to ensure survivors find hope and healing.
The Epstein case often gets reduced to sensational details about the elite, but that misses the bigger picture. Yes, we should be holding all of the co-conspirators accountable, we must listen to the survivors’ stories. Their experiences reveal how predators exploit vulnerabilities, offering lessons to prevent future victims.
You’re not powerless in this fight. Educate yourself about trafficking and abuse—online and offline—and take steps to protect those around you. Supporting survivors starts with small, meaningful actions. Free online resources can guide you in being a safe, supportive presence.
When high-profile accusations arise, resist snap judgments. Instead of dismissing survivors as “crazy,” pause to consider the trauma they may be navigating. Speaking out or coping with abuse is never easy. You don’t have to believe every claim, but you can refrain from attacking accusers online.
Society also fails at providing aftercare for survivors. The government, often part of the problem, won’t solve this. It’s up to us. Prevention is critical, but when abuse occurs, step up for your loved ones and community. Protect the vulnerable. it’s a challenging but a rewarding journey.
If you’re contributing to Nostr, you’re helping build a censorship resistant platform where survivors can share their stories freely, no matter how powerful their abusers are. Their voices can endure here, offering strength and hope to others. This gives me great hope for the future.
Virginia Giuffre’s courage was a gift to the world. It was an honor to know and serve her. She will be deeply missed. My hope is that her story inspires others to take on the powerful.
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@ eb0157af:77ab6c55
2025-05-23 08:01:20According to CEO Jamie Dimon, the banking giant will open the door to spot Bitcoin ETFs.
As reported by CNBC, JPMorgan has announced that it will allow its clients to buy Bitcoin, without offering custody services. The bank will give clients access to exchange-traded funds (spot ETFs) on Bitcoin, according to sources familiar with the matter.
During a recent investor event, CEO Jamie Dimon confirmed that the bank will open up to Bitcoin for its clients, while refraining from taking on the responsibility of asset custody. “I am not a fan” of Bitcoin, Dimon clarified during the event.
This decision marks a shift from the position Dimon held in 2017, when he labeled Bitcoin a “fraud,” compared it to the tulip mania bubble, and predicted its imminent collapse. At the time, Dimon had even threatened to fire any JPMorgan employee caught trading Bitcoin, calling such activity “stupid” and against company policy.
Despite this operational turnaround, Dimon continues to personally maintain a skeptical stance toward the cryptocurrency. In a 2024 interview with CNBC, he stated he no longer wanted to discuss Bitcoin publicly, emphasizing that, in his view, it lacks “intrinsic value” and is used for criminal activities such as sex trafficking, money laundering, and ransomware.
These comments from Dimon contrast with the recent optimism shown by JPMorgan analysts regarding Bitcoin’s market prospects. According to reports from the bank, Bitcoin could continue gaining ground at the expense of gold in the second half of the year, driven by rising corporate demand and growing support from various U.S. states.
The post JPMorgan to allow clients to buy Bitcoin ETFs: no custody services appeared first on Atlas21.
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@ 2b998b04:86727e47
2025-05-23 01:56:23\> “Huge swathes of people…spend their entire working lives performing tasks they secretly believe do not really need to be performed.”\ \> — David Graeber, Bullshit Jobs
\> “We are in a system that must grow — forever — or it collapses. But technology, by its very nature, is deflationary.”\ \> — Jeff Booth, The Price of Tomorrow
We live in a strange paradox: Technological progress is supposed to make life easier, yet many people feel more overworked and less fulfilled than ever. While artificial intelligence and automation promise unprecedented productivity, it’s not yet clear whether that will mean fewer bullshit jobs — or simply new kinds of them.
What Is a Bullshit Job?
In his landmark book Bullshit Jobs, the late anthropologist David Graeber exposed a haunting truth: millions of jobs exist not because they are needed, but because of economic, political, or psychological inertia. These are roles that even the workers themselves suspect are meaningless — created to serve appearances, maintain hierarchies, or justify budgets.
Think:
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Middle managers approving other middle managers' reports
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Employees running meetings to prepare for other meetings
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Corporate roles invented to interface with poorly implemented AI tools
Bullshit work isn’t the absence of technology. It’s often the outcome of resisting what technology could actually do — in order to preserve jobs, status, or growth targets.
Booth’s Warning: The System is Rigged Against Deflation
In The Price of Tomorrow, entrepreneur Jeff Booth argues that the natural state of a tech-driven economy is deflation — things getting better, cheaper, and faster.
But our global financial system is built on perpetual inflation and debt expansion. Booth writes:
\> “We are using inflationary monetary policy to fight deflationary technological forces.”
Even as AI and automation could eliminate unnecessary jobs and increase abundance, our system requires jobs — or the illusion of them — to keep the economy expanding. So bullshit jobs persist, and even evolve.
AI as a Deflationary Force
AI is rapidly accelerating the deflation Booth described:
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Tasks that used to take hours now take seconds
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Whole creative and administrative processes are being streamlined
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Labor can scale digitally — one tool used globally at near-zero marginal cost
Embraced honestly, this could mean fewer hours, lower costs, and more prosperity. But again, we are not optimized for truth — we are optimized for GDP growth.
So we invent new layers of AI-enhanced bullshit:
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Prompt engineers writing prompts for other prompt engineers
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"Human-in-the-loop" validators reviewing AI output they don’t understand
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Consultants building dashboards that nobody reads
Toward a Post-Bullshit Future
Here’s the real opportunity: If we embrace deflation as a blessing — not a threat — and redesign our systems around truth, efficiency, and abundance, we could:
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Eliminate meaningless labor
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Reduce the cost of living dramatically
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Liberate people to create, heal, build, and rest
This means more than economic reform — it’s a philosophical shift. We must stop equating “employment” with value. That’s where Bitcoin and open-source tools point: toward a world where permissionless value creation is possible without the bloat of gatekeeping institutions.
Final Thought: Tech Won’t Save Us, But Truth Might
Technology, left to its own logic, tends toward freedom, efficiency, and abundance. But our current systems suppress that logic in favor of growth at all costs — even if it means assigning millions of people to do work that doesn’t need doing.
So will AI eliminate bullshit jobs?
It can. But only if we stop pretending we need them.
And for those of us who step outside the wage-work loop, something remarkable happens. We begin using these tools to create actual value — not to impress a boss, but to solve real problems and serve real people.
Recently, I built a tool using AI and automation that helps me cross-post content from Nostr to LinkedIn, Facebook, and X. It wasn’t for a paycheck. It was about leverage — freeing time, expanding reach, and creating a public record of ideas.\ You can check it out here:\ 👉 <https://tinyurl.com/ywxuowl5>
Will it help others? I don’t know yet.\ But it helped me — and that’s the point.
Real value creation doesn’t always begin with a business plan. Sometimes it starts with curiosity, conviction, and the courage to build without permission.
Maybe the future of work isn’t about scaling jobs at all.\ Maybe it’s about reclaiming time — and using these tools to build lives of meaning.
If this resonates — or if you’ve found your own way to reclaim time and create value outside the wage loop — zap me and share your story. Let’s build the post-bullshit economy together. ⚡
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@ 94215f42:7681f622
2025-05-23 01:44:26The promise of AI is intoxicating: slash operational costs by 50-80%, achieve software-style margins on service businesses and and watch enterprise value multiply overnight.
But this initial value creation contains a hidden trap that could leave businesses worth less than when they started. Understanding the "Value Trap" is key to navigating a transition to an AI economy.
What is the Value Trap?
Whilst the value trap is forward looking and somewhat theoretical at this point, there are strong financial incentives to drive investments (many $bns of are looking at the transformation opportunity) that mean this should be taken very seriously.
The Value Trap unfolds in distinct phases:
Phase 1: Status Quo A typical service business operates with 100 units of revenue and 90 units of cost, generating 10 units of profit, representing a standard 10% margin. A bog standard business we can all relate to, long term customers locked in, market fit a distant memory, but growth is hard at this point.
Phase 2: Cost Reduction Early AI adopters slash operational expenses from 90 to 20 units while maintaining 100 units of revenue. This is the very real promise when moving to a "Human at the Edge" model that we'll unpack in a future article. Suddenly, they're generating 80 units of profit at an 8x increase that can easily add multiple to the enterprise value! A venture style return on a business previously struggling for growth.
Phase 3: Growth Phase With massive profit margins comes pricing power. These businesses can undercut competitors while maintaining healthy margins, driving rapid revenue growth. Having removed the human constraint on scaling and the additional overheads and complexity this introduces we see seemingly unlimited expansion. The brakes are truly off at this point for early adopters to expand total market share.
Phase 4: Competition Emerges The extraordinary returns attract competitors. It's important to note there is no technical moat here, other businesses implement similar AI strategies, often from your own staff who may have been let go, new entrants launch AI-native operations, and pricing power erodes.
Phase 5: Mean Reversion After 3-7 years (our best guess given current investment interest in transformation led PE), competitive pressure drives revenue down from 100 to 25 units while costs remain at 20. The business ends up with similar margins to where it started but at much lower absolute revenue, potentially destroying enterprise value.
What you've done is just massively reduced costs in this industry by displacing jobs and those individuals can turn around and compete. You incentivise the competition which erodes your pricing power
Why This Pattern is Inevitable
The Value Trap isn't pure speculation, but based on market dynamics playing out given a set of financial incentives. We believe there are several key forces that make this cycle almost guaranteed:
The Arbitrage is Too Attractive When businesses can achieve "venture returns with no product-market fit risk," capital will flood in. Private equity and Venture Capital firms are already raising funds specifically to acquire traditional service businesses and apply AI transformation strategies .
Low Technical Barriers Unlike previous technological advantages, AI implementation doesn't require significant technical moats. Much of the technology is open source, and the real barrier is process redesign thinking rather than proprietary technology.
The "One Player" Principle In any market, it only takes one competitor to implement AI-native processes to force everyone else to adapt. You either "play the game or you get left behind".
Capital Abundance With global money supply expanding and traditional investment opportunities yielding lower returns, the combination of proven product-market fit and dramatic cost reduction potential represents an irresistible opportunity for investors.
Strategic Response for SMEs: The Netflix Model
Small and medium enterprises actually have a significant advantage in navigating the Value Trap, but they need to act strategically and start moving now.
Embrace the Incubation Approach Rather than gutting your existing business, adopt Netflix's strategy: build an AI-native version of your business alongside your current operations. This approach manages risk while positioning for the future.
The answer here is why not both. you don't necessarily have to gut your current business, but you should be thinking about what does my business look like in five years and how do I transition into that.
Leverage Your Natural Advantages Small businesses can adapt faster than large enterprises. While a 20,000-person company faces "political shockwaves" when reducing workforce, a 10-person business can double revenue without anyone noticing. You can focus on growth rather than painful cost-cutting.
Remove Growth Constraints Early AI removes the traditional constraint where "adding the next person" represents a significant capital investment. Small businesses can scale efficiently once they've redesigned their processes around AI-native workflows, avoid further capital outlay and scaling without increasing complexity in operations.
Focus on Local Networks For various reasons associated with the commoditisation of intelligence, we believe the future favours "hyper-localised" businesses serving customers who "know, like, and trust" them. As intelligence becomes commoditised, human relationships become more valuable, not less.
Strategic Response for Capital Allocators
For private equity and venture capital firms, the Value Trap presents both enormous opportunity and significant risk.
Target the Right Businesses Look for businesses with strong persistent moats that will slow mean reversion:
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Strong brand and customer relationships
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High customer acquisition costs in the industry
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Regulatory barriers to entry
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Capital-intensive startup requirements
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Long-term contracts and switching costs
Master the Timing The key is capturing value during the expansion phase and exiting before mean reversion accelerates, or finding an appropriate time arbitrage solution to retain value (see below). The optimal point if you're a capital allocator is almost when you've extracted the most cost out of the business.
Consider Hybrid Strategies Rather than just gutting existing businesses, consider acquiring for distribution and customer base while building AI-native operations alongside traditional ones. This provides multiple exit strategies and reduces execution risk.
Bitcoin: The Time Arbitrage Solution
Whenever I've talked to anybody about AI, my first point of advice is just buy bitcoin.
This isn't just evangelism, so much as a recognition of where you would want to hold value as the Value Trap plays out. In essence the value trap generates an arbitrage opportunity, hige profits are pulled forwards short-term balooning the balance sheet, but the second order consequences of this change risk destroying the value you just created!
We believe alongside rapid competition leading to price for services collapsing, the mass job displacement leads to political pressure for intervention.
This could take several forms, but UBI, mortgage bailouts, unemployment extensions, seizure of existing property.
"All roads lead to money printing," as Pete notes in Good Stuff 02 .
During Weimar Republic hyperinflation, "the cost of a newspaper in year five was the same nominal figure as all of the money that existed in year four." While extreme, this illustrates how quickly monetary systems can shift as inflation and money supply inflation begins to run.
To resolve these issues, Bitcoin allows you to conduct arbitrage across time in an asset that is inflation resistant (fixed supply), hard to seize, has no counter party risk (if someone holds your gold, stocks, cash they can take it without asking) and transportable. Capturing value today and preserving it through monetary system changes protecting against the second and third-order effects of massive economic disruption, that AI represents.
Opportunity, Not Fear: The Renaissance Ahead
The Value Trap isn't a reason to avoid AI, it's a roadmap for navigating inevitable change strategically.
The Entrepreneurial Renaissance This could be a Renaissance for entrepreneurs, if you're entrepreneurial minded, this is an amazing time to be alive because there's opportunity that exists in all fields and the barriers to entry have never been lower.
Liberation from Busy Work The displacement of administrative and routine cognitive work frees humans for higher-value creation.
Democratisation of Intelligence When you can "purchase intelligence in buckets of $0.02 API calls," the barriers to starting and scaling businesses collapse. Individual entrepreneurs can build businesses that previously required large teams, with much lower complexity and risk.
Cost Reduction Benefits Everyone The ultimate outcome of the Value Trap cycle benefits consumers through dramatically lower prices for goods and services.
"Who doesn't want cheaper stuff? Why don't we just reduce the cost of everything massively?"
Conclusion: Embrace the High Agency Era
The Value Trap represents a fundamental shift from employment-based to entrepreneurship-based wealth creation. Rather than fearing job displacement, we should prepare for "the age of the entrepreneur" a high agency era.
The businesses and individuals who thrive will be those who:
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Understand the cycle and position accordingly
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Focus on unique value creation rather than routine processing or middleman models
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Build local networks and relationships
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Preserve wealth through the monetary transition
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Embrace building and creating unique value
If you are high agency, you can make anything happen.
The Value Trap isn't just about AI transforming business, it won't do this on its own, its a description of how humans will use this technology to generate and capture value.
The future belongs to builders, creators, and entrepreneurs who can navigate transition periods and emerge stronger. The Value Trap is the map, use it wisely.
This article draws heavily on discussion between myself and business partner Andy in Episode 02 of The Good Stuff, if you prefer listening try that :)
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@ 52b4a076:e7fad8bd
2025-04-28 00:48:57I have been recently building NFDB, a new relay DB. This post is meant as a short overview.
Regular relays have challenges
Current relay software have significant challenges, which I have experienced when hosting Nostr.land: - Scalability is only supported by adding full replicas, which does not scale to large relays. - Most relays use slow databases and are not optimized for large scale usage. - Search is near-impossible to implement on standard relays. - Privacy features such as NIP-42 are lacking. - Regular DB maintenance tasks on normal relays require extended downtime. - Fault-tolerance is implemented, if any, using a load balancer, which is limited. - Personalization and advanced filtering is not possible. - Local caching is not supported.
NFDB: A scalable database for large relays
NFDB is a new database meant for medium-large scale relays, built on FoundationDB that provides: - Near-unlimited scalability - Extended fault tolerance - Instant loading - Better search - Better personalization - and more.
Search
NFDB has extended search capabilities including: - Semantic search: Search for meaning, not words. - Interest-based search: Highlight content you care about. - Multi-faceted queries: Easily filter by topic, author group, keywords, and more at the same time. - Wide support for event kinds, including users, articles, etc.
Personalization
NFDB allows significant personalization: - Customized algorithms: Be your own algorithm. - Spam filtering: Filter content to your WoT, and use advanced spam filters. - Topic mutes: Mute topics, not keywords. - Media filtering: With Nostr.build, you will be able to filter NSFW and other content - Low data mode: Block notes that use high amounts of cellular data. - and more
Other
NFDB has support for many other features such as: - NIP-42: Protect your privacy with private drafts and DMs - Microrelays: Easily deploy your own personal microrelay - Containers: Dedicated, fast storage for discoverability events such as relay lists
Calcite: A local microrelay database
Calcite is a lightweight, local version of NFDB that is meant for microrelays and caching, meant for thousands of personal microrelays.
Calcite HA is an additional layer that allows live migration and relay failover in under 30 seconds, providing higher availability compared to current relays with greater simplicity. Calcite HA is enabled in all Calcite deployments.
For zero-downtime, NFDB is recommended.
Noswhere SmartCache
Relays are fixed in one location, but users can be anywhere.
Noswhere SmartCache is a CDN for relays that dynamically caches data on edge servers closest to you, allowing: - Multiple regions around the world - Improved throughput and performance - Faster loading times
routerd
routerd
is a custom load-balancer optimized for Nostr relays, integrated with SmartCache.routerd
is specifically integrated with NFDB and Calcite HA to provide fast failover and high performance.Ending notes
NFDB is planned to be deployed to Nostr.land in the coming weeks.
A lot more is to come. 👀️️️️️️
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@ 91bea5cd:1df4451c
2025-04-26 10:16:21O Contexto Legal Brasileiro e o Consentimento
No ordenamento jurídico brasileiro, o consentimento do ofendido pode, em certas circunstâncias, afastar a ilicitude de um ato que, sem ele, configuraria crime (como lesão corporal leve, prevista no Art. 129 do Código Penal). Contudo, o consentimento tem limites claros: não é válido para bens jurídicos indisponíveis, como a vida, e sua eficácia é questionável em casos de lesões corporais graves ou gravíssimas.
A prática de BDSM consensual situa-se em uma zona complexa. Em tese, se ambos os parceiros são adultos, capazes, e consentiram livre e informadamente nos atos praticados, sem que resultem em lesões graves permanentes ou risco de morte não consentido, não haveria crime. O desafio reside na comprovação desse consentimento, especialmente se uma das partes, posteriormente, o negar ou alegar coação.
A Lei Maria da Penha (Lei nº 11.340/2006)
A Lei Maria da Penha é um marco fundamental na proteção da mulher contra a violência doméstica e familiar. Ela estabelece mecanismos para coibir e prevenir tal violência, definindo suas formas (física, psicológica, sexual, patrimonial e moral) e prevendo medidas protetivas de urgência.
Embora essencial, a aplicação da lei em contextos de BDSM pode ser delicada. Uma alegação de violência por parte da mulher, mesmo que as lesões ou situações decorram de práticas consensuais, tende a receber atenção prioritária das autoridades, dada a presunção de vulnerabilidade estabelecida pela lei. Isso pode criar um cenário onde o parceiro masculino enfrenta dificuldades significativas em demonstrar a natureza consensual dos atos, especialmente se não houver provas robustas pré-constituídas.
Outros riscos:
Lesão corporal grave ou gravíssima (art. 129, §§ 1º e 2º, CP), não pode ser justificada pelo consentimento, podendo ensejar persecução penal.
Crimes contra a dignidade sexual (arts. 213 e seguintes do CP) são de ação pública incondicionada e independem de representação da vítima para a investigação e denúncia.
Riscos de Falsas Acusações e Alegação de Coação Futura
Os riscos para os praticantes de BDSM, especialmente para o parceiro que assume o papel dominante ou que inflige dor/restrição (frequentemente, mas não exclusivamente, o homem), podem surgir de diversas frentes:
- Acusações Externas: Vizinhos, familiares ou amigos que desconhecem a natureza consensual do relacionamento podem interpretar sons, marcas ou comportamentos como sinais de abuso e denunciar às autoridades.
- Alegações Futuras da Parceira: Em caso de término conturbado, vingança, arrependimento ou mudança de perspectiva, a parceira pode reinterpretar as práticas passadas como abuso e buscar reparação ou retaliação através de uma denúncia. A alegação pode ser de que o consentimento nunca existiu ou foi viciado.
- Alegação de Coação: Uma das formas mais complexas de refutar é a alegação de que o consentimento foi obtido mediante coação (física, moral, psicológica ou econômica). A parceira pode alegar, por exemplo, que se sentia pressionada, intimidada ou dependente, e que seu "sim" não era genuíno. Provar a ausência de coação a posteriori é extremamente difícil.
- Ingenuidade e Vulnerabilidade Masculina: Muitos homens, confiando na dinâmica consensual e na parceira, podem negligenciar a necessidade de precauções. A crença de que "isso nunca aconteceria comigo" ou a falta de conhecimento sobre as implicações legais e o peso processual de uma acusação no âmbito da Lei Maria da Penha podem deixá-los vulneráveis. A presença de marcas físicas, mesmo que consentidas, pode ser usada como evidência de agressão, invertendo o ônus da prova na prática, ainda que não na teoria jurídica.
Estratégias de Prevenção e Mitigação
Não existe um método infalível para evitar completamente o risco de uma falsa acusação, mas diversas medidas podem ser adotadas para construir um histórico de consentimento e reduzir vulnerabilidades:
- Comunicação Explícita e Contínua: A base de qualquer prática BDSM segura é a comunicação constante. Negociar limites, desejos, palavras de segurança ("safewords") e expectativas antes, durante e depois das cenas é crucial. Manter registros dessas negociações (e-mails, mensagens, diários compartilhados) pode ser útil.
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Documentação do Consentimento:
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Contratos de Relacionamento/Cena: Embora a validade jurídica de "contratos BDSM" seja discutível no Brasil (não podem afastar normas de ordem pública), eles servem como forte evidência da intenção das partes, da negociação detalhada de limites e do consentimento informado. Devem ser claros, datados, assinados e, idealmente, reconhecidos em cartório (para prova de data e autenticidade das assinaturas).
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Registros Audiovisuais: Gravar (com consentimento explícito para a gravação) discussões sobre consentimento e limites antes das cenas pode ser uma prova poderosa. Gravar as próprias cenas é mais complexo devido a questões de privacidade e potencial uso indevido, mas pode ser considerado em casos específicos, sempre com consentimento mútuo documentado para a gravação.
Importante: a gravação deve ser com ciência da outra parte, para não configurar violação da intimidade (art. 5º, X, da Constituição Federal e art. 20 do Código Civil).
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Testemunhas: Em alguns contextos de comunidade BDSM, a presença de terceiros de confiança durante negociações ou mesmo cenas pode servir como testemunho, embora isso possa alterar a dinâmica íntima do casal.
- Estabelecimento Claro de Limites e Palavras de Segurança: Definir e respeitar rigorosamente os limites (o que é permitido, o que é proibido) e as palavras de segurança é fundamental. O desrespeito a uma palavra de segurança encerra o consentimento para aquele ato.
- Avaliação Contínua do Consentimento: O consentimento não é um cheque em branco; ele deve ser entusiástico, contínuo e revogável a qualquer momento. Verificar o bem-estar do parceiro durante a cena ("check-ins") é essencial.
- Discrição e Cuidado com Evidências Físicas: Ser discreto sobre a natureza do relacionamento pode evitar mal-entendidos externos. Após cenas que deixem marcas, é prudente que ambos os parceiros estejam cientes e de acordo, talvez documentando por fotos (com data) e uma nota sobre a consensualidade da prática que as gerou.
- Aconselhamento Jurídico Preventivo: Consultar um advogado especializado em direito de família e criminal, com sensibilidade para dinâmicas de relacionamento alternativas, pode fornecer orientação personalizada sobre as melhores formas de documentar o consentimento e entender os riscos legais específicos.
Observações Importantes
- Nenhuma documentação substitui a necessidade de consentimento real, livre, informado e contínuo.
- A lei brasileira protege a "integridade física" e a "dignidade humana". Práticas que resultem em lesões graves ou que violem a dignidade de forma não consentida (ou com consentimento viciado) serão ilegais, independentemente de qualquer acordo prévio.
- Em caso de acusação, a existência de documentação robusta de consentimento não garante a absolvição, mas fortalece significativamente a defesa, ajudando a demonstrar a natureza consensual da relação e das práticas.
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A alegação de coação futura é particularmente difícil de prevenir apenas com documentos. Um histórico consistente de comunicação aberta (whatsapp/telegram/e-mails), respeito mútuo e ausência de dependência ou controle excessivo na relação pode ajudar a contextualizar a dinâmica como não coercitiva.
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Cuidado com Marcas Visíveis e Lesões Graves Práticas que resultam em hematomas severos ou lesões podem ser interpretadas como agressão, mesmo que consentidas. Evitar excessos protege não apenas a integridade física, mas também evita questionamentos legais futuros.
O que vem a ser consentimento viciado
No Direito, consentimento viciado é quando a pessoa concorda com algo, mas a vontade dela não é livre ou plena — ou seja, o consentimento existe formalmente, mas é defeituoso por alguma razão.
O Código Civil brasileiro (art. 138 a 165) define várias formas de vício de consentimento. As principais são:
Erro: A pessoa se engana sobre o que está consentindo. (Ex.: A pessoa acredita que vai participar de um jogo leve, mas na verdade é exposta a práticas pesadas.)
Dolo: A pessoa é enganada propositalmente para aceitar algo. (Ex.: Alguém mente sobre o que vai acontecer durante a prática.)
Coação: A pessoa é forçada ou ameaçada a consentir. (Ex.: "Se você não aceitar, eu termino com você" — pressão emocional forte pode ser vista como coação.)
Estado de perigo ou lesão: A pessoa aceita algo em situação de necessidade extrema ou abuso de sua vulnerabilidade. (Ex.: Alguém em situação emocional muito fragilizada é induzida a aceitar práticas que normalmente recusaria.)
No contexto de BDSM, isso é ainda mais delicado: Mesmo que a pessoa tenha "assinado" um contrato ou dito "sim", se depois ela alegar que seu consentimento foi dado sob medo, engano ou pressão psicológica, o consentimento pode ser considerado viciado — e, portanto, juridicamente inválido.
Isso tem duas implicações sérias:
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O crime não se descaracteriza: Se houver vício, o consentimento é ignorado e a prática pode ser tratada como crime normal (lesão corporal, estupro, tortura, etc.).
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A prova do consentimento precisa ser sólida: Mostrando que a pessoa estava informada, lúcida, livre e sem qualquer tipo de coação.
Consentimento viciado é quando a pessoa concorda formalmente, mas de maneira enganada, forçada ou pressionada, tornando o consentimento inútil para efeitos jurídicos.
Conclusão
Casais que praticam BDSM consensual no Brasil navegam em um terreno que exige não apenas confiança mútua e comunicação excepcional, mas também uma consciência aguçada das complexidades legais e dos riscos de interpretações equivocadas ou acusações mal-intencionadas. Embora o BDSM seja uma expressão legítima da sexualidade humana, sua prática no Brasil exige responsabilidade redobrada. Ter provas claras de consentimento, manter a comunicação aberta e agir com prudência são formas eficazes de se proteger de falsas alegações e preservar a liberdade e a segurança de todos os envolvidos. Embora leis controversas como a Maria da Penha sejam "vitais" para a proteção contra a violência real, os praticantes de BDSM, e em particular os homens nesse contexto, devem adotar uma postura proativa e prudente para mitigar os riscos inerentes à potencial má interpretação ou instrumentalização dessas práticas e leis, garantindo que a expressão de sua consensualidade esteja resguardada na medida do possível.
Importante: No Brasil, mesmo com tudo isso, o Ministério Público pode denunciar por crime como lesão corporal grave, estupro ou tortura, independente de consentimento. Então a prudência nas práticas é fundamental.
Aviso Legal: Este artigo tem caráter meramente informativo e não constitui aconselhamento jurídico. As leis e interpretações podem mudar, e cada situação é única. Recomenda-se buscar orientação de um advogado qualificado para discutir casos específicos.
Se curtiu este artigo faça uma contribuição, se tiver algum ponto relevante para o artigo deixe seu comentário.
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@ 90152b7f:04e57401
2025-05-23 01:27:49[Analytical & Intelligence Comments]\ \ “On Monday February 27th, 2012, WikiLeaks began publishing The Global Intelligence Files, over five million e-mails from the Texas headquartered "global intelligence" company Stratfor. The e-mails date between July 2004 and late December 2011. They reveal the inner workings of a company that fronts as an intelligence publisher, but provides confidential intelligence services to large corporations, such as Bhopal's Dow Chemical Co., Lockheed Martin, Northrop Grumman, Raytheon and government agencies, including the US Department of Homeland Security, the US Marines and the US Defence Intelligence Agency. The emails show Stratfor's web of informers, pay-off structure, payment laundering techniques and psychological methods.”\ \ Released on 2013-02-13 00:00 GMT Email-ID 13332210 Date 2011-05-04 16:26:59\ From <jetdrive@earthlink.net> To <responses@stratfor.com> CROYDON KEMP sent a\ message using the contact form at <https://www.stratfor.com/contact\>\\ Mossad ran 9/11 Arab "hijacker" terrorist operation\ \ By Wayne Madsen\ \ British intelligence reported in February 2002 that the Israeli Mossad ran the Arab hijacker cells that were later blamed by the U.S. government's 9/11 Commission for carrying out the aerial attacks on the World Trade Center and Pentagon. WMR has received details of the British intelligence report which was suppressed by the government of then-Prime Minister Tony Blair.\ \ A Mossad unit consisting of six Egyptian- and Yemeni-born Jews infiltrated "Al Qaeda" cells in Hamburg (the Atta-Mamoun Darkanzali cell), south Florida, and Sharjah in the United Arab Emirates in the months before 9/11. The Mossad not only infiltrated cells but began to run them and give them specific orders that would eventually culminate in their being on board four regularly-scheduled flights originating in Boston, Washington Dulles, and Newark, New Jersey on 9/11.\ \ The Mossad infiltration team comprised six Israelis, comprising two cells of three agents, who all received special training at a Mossad base in the Negev Desert in their future control and handling of the "Al Qaeda" cells. One Mossad cell traveled to Amsterdam where they submitted to the operational control of the Mossad's Europe Station, which operates from the El Al complex at Schiphol International Airport. The three-man Mossad unit then traveled to Hamburg where it made contact with Mohammed Atta, who believed they were sent by Osama Bin Laden. In fact, they were sent by Ephraim Halevy, the chief of Mossad.\ \ The second three-man Mossad team flew to New York and then to southern Florida where they began to direct the "Al Qaeda" cells operating from Hollywood, Miami, Vero Beach, Delray Beach, and West Palm Beach. Israeli "art students," already under investigation by the Drug Enforcement Administration for casing the offices and homes of federal law enforcement officers, had been living among and conducting surveillance of the activities, including flight school training, of the future Arab "hijacker" cells, particularly in Hollywood and Vero Beach.\ \ In August 2001, the first Mossad team flew with Atta and other Hamburg "Al Qaeda" members to Boston. Logan International Airport's security was contracted to Huntleigh USA, a firm owned by an Israeli airport security firm closely connected to Mossad — International Consultants on Targeted Security – ICTS. ICTS's owners were politically connected to the Likud Party, particularly the Netanyahu faction and then-Jerusalem mayor and future Prime Minister Ehud Olmert. It was Olmert who personally interceded with New York Mayor Rudolph Giuliani to have released from prison five Urban Moving Systems employees, identified by the CIA and FBI agents as Mossad agents. The Israelis were the only suspects arrested anywhere in the United States on 9/11 who were thought to have been involved in the 9/11 attacks.\ \ The two Mossad teams sent regular coded reports on the progress of the 9/11 operation to Tel Aviv via the Israeli embassy in Washington, DC. WMR has learned from a Pentagon source that leading Americans tied to the media effort to pin 9/11 on Arab hijackers, Osama Bin Laden, and the Taliban were present in the Israeli embassy on September 10, 2001, to coordinate their media blitz for the subsequent days and weeks following the attacks. It is more than likely that FBI counter-intelligence agents who conduct surveillance of the Israeli embassy have proof on the presence of the Americans present at the embassy on September 10. Some of the Americans are well-known to U.S. cable news television audiences.\ \ In mid-August, the Mossad team running the Hamburg cell in Boston reported to Tel Aviv that the final plans for 9/11 were set. The Florida-based Mossad cell reported that the documented "presence" of the Arab cell members at Florida flight schools had been established.\ \ The two Mossad cells studiously avoided any mention of the World Trade Center or targets in Washington, DC in their coded messages to Tel Aviv. Halevy covered his tracks by reporting to the CIA of a "general threat" by an attack by Arab terrorists on a nuclear plant somewhere on the East Coast of the United States. CIA director George Tenet dismissed the Halevy warning as "too non-specific." The FBI, under soon-to-be-departed director Louis Freeh, received the "non-specific" warning about an attack on a nuclear power plant and sent out the information in its routine bulletins to field agents but no high alert was ordered.\ \ The lack of a paper trail pointing to "Al Qaeda" as the masterminds on 9/11, which could then be linked to Al Qaeda's Mossad handlers, threw off the FBI. On April 19, 2002, FBI director Robert Mueller, in a speech to San Francisco's Commonwealth Club, stated: "In our investigation, we have not uncovered a single piece of paper — either here in the United States, or in the treasure trove of information that has turned up in Afghanistan and elsewhere — that mentioned any aspect of the September 11 plot."\ \ The two Mossad "Al Qaeda" infiltration and control teams had also helped set up safe houses for the quick exfiltration of Mossad agents from the United States. Last March, WMR reported: "WMR has learned from two El Al sources who worked for the Israeli airline at New York’s John F. Kennedy airport that on 9/11, hours after the Federal Aviation Administration (FAA) grounded all civilian domestic and international incoming and outgoing flights to and from the United States, a full El Al Boeing 747 took off from JFK bound for Tel Aviv’s Ben Gurion International Airport. The two El Al employee sources are not Israeli nationals but legal immigrants from Ecuador who were working in the United States for the airline. The flight departed JFK at 4:11 pm and its departure was, according to the El Al sources, authorized by the direct intervention of the U.S. Department of Defense. U.S. military officials were on the scene at JFK and were personally involved with the airport and air traffic control authorities to clear the flight for take-off. According to the 9/11 Commission report, Transportation Secretary Norman Mineta ordered all civilian flights to be grounded at 9:45 am on September 11." WMR has learned from British intelligence sources that the six-man Mossad team was listed on the El Al flight manifest as El Al employees.\ \ WMR previously reported that the Mossad cell operating in the Jersey City-Weehawken area of New Jersey through Urban Moving Systems was suspected by some in the FBI and CIA of being involved in moving explosives into the World Trade Center as well as staging "false flag" demonstrations at least two locations in north Jersey: Liberty State Park and an apartment complex in Jersey City as the first plane hit the World Trade Center's North Tower. One team of Urban Moving Systems Mossad agents was arrested later on September 11 and jailed for five months at the Metropolitan Detention Center in Brooklyn. Some of their names turned up in a joint CIA-FBI database as known Mossad agents, along with the owner of Urban Moving Systems, Dominik Suter, whose name also appeared on a "Law Enforcement Sensitive" FBI 9/11 suspects list, along with the names of key "hijackers," including Mohammed Atta and Hani Hanjour, as well as the so-called "20th hijacker," Zacarias Moussaoui.\ \ Suter was allowed to escape the United States after the FBI made initial contact with him at the Urban Moving Systems warehouse in Weehawken, New Jersey, following the 9/11 attacks. Suter was later permitted to return to the United States where he was involved in the aircraft parts supply business in southern Florida, according to an informe3d source who contacted WMR. Suter later filed for bankruptcy in Florida for Urban Moving Systems and other businesses he operated: Suburban Moving & Storage Inc.; Max Movers, Inc.; Invsupport; Woodflooring Warehouse Corp.; One Stop Cleaning LLC; and City Carpet Upholstery, Inc. At the time of the bankruptcy filing in Florida, Suter listed his address as 1867 Fox Court, Wellington, FL 33414, with a phone number of 561 204-2359.\ \ From the list of creditors it can be determined that Suter had been operating in the United States since 1993, the year of the first attack on the World Trade Center. In 1993, Suter began racking up American Express credit card charges totaling $21,913.97. Suter also maintained credit card accounts with HSBC Bank and Orchard Bank c/o HSBC Card Services of Salinas, California, among other banks. Suter also did business with the Jewish Community Center of Greater Palm Beach in Florida and Ryder Trucks in Miami. Miami and southern Florida were major operating areas for cells of Israeli Mossad agents masquerading as "art students," who were living and working near some of the identified future Arab "hijackers" in the months preceding 9/11.\ \ ABC's 20/20 correspondent John Miller ensured that the Israeli connection to "Al Qaeda's" Arab hijackers was buried in an "investigation" of the movers' activities on 9/11. Anchor Barbara Walters helped Miller in putting a lid on the story about the movers and Suter aired on June 21, 2002. Miller then went on to become the FBI public affairs spokesman to ensure that Mueller and other FBI officials kept to the "Al Qaeda" script as determined by the Bush administration and the future 9/11 Commission. But former CIA chief of counter-terrorism Vince Cannistraro let slip to ABC an important clue to the operations of the Mossad movers in New Jersey when he stated that the Mossad agents "set up or exploited for the purpose of launching an intelligence operation against radical Islamists in the area, particularly in the New Jersey-New York area." The "intelligence operation" turned out to have been the actual 9/11 attacks. And it was no coincidence that it was ABC's John Miller who conducted a May 1998 rare interview of Osama Bin Laden at his camp in Afghanistan. Bin Laden played his part well for future scenes in the fictional "made-for-TV" drama known as 9/11.\ \ WMR has also learned from Italian intelligence sources that Mossad's running of "Al Qaeda" operatives did not end with running the "hijacking" teams in the United States and Hamburg. Other Arab "Al Qaeda" operatives, run by Mossad, were infiltrated into Syria but arrested by Syrian intelligence. Syria was unsuccessful in turning them to participate in intelligence operations in Lebanon. Detailed information on Bin Laden's support team was offered to the Bush administration, up to days prior to 9/11, by Gutbi al-Mahdi, the head of the Sudanese Mukhabarat intelligence service. The intelligence was rejected by the Biush White House. It was later reported that Sudanese members of "Al Qaeda's" support network were double agents for Mossad who had also established close contacts with Yemeni President Ali Abdullah Saleh and operated in Egypt, Saudi Arabia, and Eritrea, as well as Sudan. The Mossad connection to Al Qaeda in Sudan was likely known by the Sudanese Mukhabarat, a reason for the rejection of its intelligence on "Al Qaeda" by the thoroughly-Mossad penetrated Bush White House. Yemen had also identified "Al Qaeda" members who were also Mossad agents. A former chief of Mossad revealed to this editor in 2002 that Yemeni-born Mossad "deep insertion" commandos spotted Bin Laden in the Hadhramaut region of eastern Yemen after his escape from Tora Bora in Afghanistan, following the U.S. invasion.\ \ French intelligence determined that other Egyptian- and Yemeni-born Jewish Mossad agents were infiltrated into Sharjah in the United Arab Emirates as radical members of the Muslim Brotherhood. However, the "Muslim Brotherhood" agents actually were involved in providing covert Israeli funding for "Al Qaeda" activities. On February 21, 2006, WMR reported on the U.S. Treasury Secretary's firing by President Bush over information discovered on the shady "Al Qaeda" accounts in the United Arab Emirates: "Banking insiders in Dubai report that in March 2002, U.S. Secretary of Treasury Paul O’Neill visited Dubai and asked for documents on a $109,500 money transfer from Dubai to a joint account held by hijackers Mohammed Atta and Marwan al Shehhi at Sun Trust Bank in Florida. O'Neill also asked UAE authorities to close down accounts used by Al Qaeda . . . . The UAE complained about O’Neill’s demands to the Bush administration. O’Neill’s pressure on the UAE and Saudis contributed to Bush firing him as Treasury Secretary in December 2002 " O'Neill may have also stumbled on the "Muslim Brotherhood" Mossad operatives operating in the emirates who were directing funds to "Al Qaeda."\ \ After the collapse of the Soviet Union and the rise to power of the Taliban in Afghanistan, Sharjah's ruler, Sultan bin Mohammed al-Qasimi, who survived a palace coup attempt in 1987, opened his potentate to Russian businessmen like Viktor Bout, as well as to financiers of radical Muslim groups, including the Taliban and "Al Qaeda."\ \ Moreover, this Israeli support for "Al Qaeda" was fully known to Saudi intelligence, which approved of it in order to avoid compromising Riyadh. The joint Israeli-Saudi support for "Al Qaeda" was well-known to the Sharjah and Ras al Khaimah-based aviation network of the now-imprisoned Russian, Viktor Bout, jailed in New York on terrorism charges. The presence of Bout in New York, a hotbed of Israeli intelligence control of U.S. federal prosecutors, judges, as well as the news media, is no accident: Bout knows enough about the Mossad activities in Sharjah in support of the Taliban and Al Qaeda in Afghanistan, where Bout also had aviation and logistics contracts, to expose Mossad as the actual mastermind behind 9/11. Bout's aviation empire also extended to Miami and Dallas, two areas that were nexuses for the Mossad control operations for the "Al Qaeda" flight training operations of the Arab cell members in the months prior to 9/11.\ \ Bout's path also crossed with "Al Qaeda's" support network at the same bank in Sharjah, HSBC. Mossad's phony Muslim Brotherhood members from Egypt and Yemen controlled financing for "Al Qaeda" through the HSBC accounts in Sharjah. Mossad's Dominik Suter also dealt with HSBC in the United States. The FBI's chief counter-terrorism agent investigating Al Qaeda, John O'Neill, became aware of the "unique" funding mechanisms for Al Qaeda. It was no mistake that O'Neill was given the job as director of security for the World Trade Center on the eve of the attack. O'Neill perished in the collapse of the complex.Mossad uses a number of Jews born in Arab countries to masquerade as Arabs. They often carry forged or stolen passports from Arab countries or nations in Europe that have large Arab immigrant populations, particularly Germany, France, Britain, Denmark, Sweden, and the Netherlands.\ \ For Mossad, the successful 9/11 terrorist "false flag" operation was a success beyond expectations. The Bush administration, backed by the Blair government, attacked and occupied Iraq, deposing Saddam Hussein, and turned up pressure on Israel's other adversaries, including Iran, Syria, Pakistan, Hamas, and Lebanese Hezbollah. The Israelis also saw the U.S., Britain, and the UN begin to crack down on the Lebanese Shi'a diamond business in Democratic Republic of Congo and West Africa, and with it, the logistics support provided by Bout's aviation companies, which resulted in a free hand for Tel Aviv to move in on Lebanese diamond deals in central and west Africa.\ \ Then-Israeli Finance Minister Binyamin Netanyahu commented on the 9/11 attacks on U.S. television shortly after they occurred. Netanyahu said: "It is very good!" It now appears that Netanyahu, in his zeal, blew Mossad's cover as the masterminds of 9/11.\ \ Wayne Madsen is a Washington, DC-based investigative journalist, author and syndicated columnist. He has written for several renowned papers and blogs.\ \ Madsen is a regular contributor on Russia Today. He has been a frequent political and national security commentator on Fox News and has also appeared on ABC, NBC, CBS, PBS, CNN, BBC, Al Jazeera, and MS-NBC. Madsen has taken on Bill O’Reilly and Sean Hannity on their television shows. He has been invited to testifty as a witness before the US House of Representatives, the UN Criminal Tribunal for Rwanda, and an terrorism investigation panel of the French government.\ \ As a U.S. Naval Officer, he managed one of the first computer security programs for the U.S. Navy. He subsequently worked for the National Security Agency, the Naval Data Automation Command, Department of State, RCA Corporation, and Computer Sciences Corporation.\ \ Madsen is a member of the Society of Professional Journalists (SPJ), Association for Intelligence Officers (AFIO), and the National Press Club. He is a regular contributor to Opinion Maker
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@ e691f4df:1099ad65
2025-04-24 18:56:12Viewing Bitcoin Through the Light of Awakening
Ankh & Ohm Capital’s Overview of the Psycho-Spiritual Nature of Bitcoin
Glossary:
I. Preface: The Logos of Our Logo
II. An Oracular Introduction
III. Alchemizing Greed
IV. Layers of Fractalized Thought
V. Permissionless Individuation
VI. Dispelling Paradox Through Resonance
VII. Ego Deflation
VIII. The Coin of Great Price
Preface: The Logos of Our Logo
Before we offer our lens on Bitcoin, it’s important to illuminate the meaning behind Ankh & Ohm’s name and symbol. These elements are not ornamental—they are foundational, expressing the cosmological principles that guide our work.
Our mission is to bridge the eternal with the practical. As a Bitcoin-focused family office and consulting firm, we understand capital not as an end, but as a tool—one that, when properly aligned, becomes a vehicle for divine order. We see Bitcoin not simply as a technological innovation but as an emanation of the Divine Logos—a harmonic expression of truth, transparency, and incorruptible structure. Both the beginning and the end, the Alpha and Omega.
The Ankh (☥), an ancient symbol of eternal life, is a key to the integration of opposites. It unites spirit and matter, force and form, continuity and change. It reminds us that capital, like Life, must not only be generative, but regenerative; sacred. Money must serve Life, not siphon from it.
The Ohm (Ω) holds a dual meaning. In physics, it denotes a unit of electrical resistance—the formative tension that gives energy coherence. In the Vedic tradition, Om (ॐ) is the primordial vibration—the sound from which all existence unfolds. Together, these symbols affirm a timeless truth: resistance and resonance are both sacred instruments of the Creator.
Ankh & Ohm, then, represents our striving for union, for harmony —between the flow of life and intentional structure, between incalculable abundance and measured restraint, between the lightbulb’s electrical impulse and its light-emitting filament. We stand at the threshold where intention becomes action, and where capital is not extracted, but cultivated in rhythm with the cosmos.
We exist to shepherd this transformation, as guides of this threshold —helping families, founders, and institutions align with a deeper order, where capital serves not as the prize, but as a pathway to collective Presence, Purpose, Peace and Prosperity.
An Oracular Introduction
Bitcoin is commonly understood as the first truly decentralized and secure form of digital money—a breakthrough in monetary sovereignty. But this view, while technically correct, is incomplete and spiritually shallow. Bitcoin is more than a tool for economic disruption. Bitcoin represents a mythic threshold: a symbol of the psycho-spiritual shift that many ancient traditions have long foretold.
For millennia, sages and seers have spoken of a coming Golden Age. In the Vedic Yuga cycles, in Plato’s Great Year, in the Eagle and Condor prophecies of the Americas—there exists a common thread: that humanity will emerge from darkness into a time of harmony, cooperation, and clarity. That the veil of illusion (maya, materiality) will thin, and reality will once again become transparent to the transcendent. In such an age, systems based on scarcity, deception, and centralization fall away. A new cosmology takes root—one grounded in balance, coherence, and sacred reciprocity.
But we must ask—how does such a shift happen? How do we cross from the age of scarcity, fear, and domination into one of coherence, abundance, and freedom?
One possible answer lies in the alchemy of incentive.
Bitcoin operates not just on the rules of computer science or Austrian economics, but on something far more old and subtle: the logic of transformation. It transmutes greed—a base instinct rooted in scarcity—into cooperation, transparency, and incorruptibility.
In this light, Bitcoin becomes more than code—it becomes a psychoactive protocol, one that rewires human behavior by aligning individual gain with collective integrity. It is not simply a new form of money. It is a new myth of value. A new operating system for human consciousness.
Bitcoin does not moralize. It harmonizes. It transforms the instinct for self-preservation into a pathway for planetary coherence.
Alchemizing Greed
At the heart of Bitcoin lies the ancient alchemical principle of transmutation: that which is base may be refined into gold.
Greed, long condemned as a vice, is not inherently evil. It is a distorted longing. A warped echo of the drive to preserve life. But in systems built on scarcity and deception, this longing calcifies into hoarding, corruption, and decay.
Bitcoin introduces a new game. A game with memory. A game that makes deception inefficient and truth profitable. It does not demand virtue—it encodes consequence. Its design does not suppress greed; it reprograms it.
In traditional models, game theory often illustrates the fragility of trust. The Prisoner’s Dilemma reveals how self-interest can sabotage collective well-being. But Bitcoin inverts this. It creates an environment where self-interest and integrity converge—where the most rational action is also the most truthful.
Its ledger, immutable and transparent, exposes manipulation for what it is: energetically wasteful and economically self-defeating. Dishonesty burns energy and yields nothing. The network punishes incoherence, not by decree, but by natural law.
This is the spiritual elegance of Bitcoin: it does not suppress greed—it transmutes it. It channels the drive for personal gain into the architecture of collective order. Miners compete not to dominate, but to validate. Nodes collaborate not through trust, but through mathematical proof.
This is not austerity. It is alchemy.
Greed, under Bitcoin, is refined. Tempered. Re-forged into a generative force—no longer parasitic, but harmonic.
Layers of Fractalized Thought Fragments
All living systems are layered. So is the cosmos. So is the human being. So is a musical scale.
At its foundation lies the timechain—the pulsing, incorruptible record of truth. Like the heart, it beats steadily. Every block, like a pulse, affirms its life through continuity. The difficulty adjustment—Bitcoin’s internal calibration—functions like heart rate variability, adapting to pressure while preserving coherence.
Above this base layer is the Lightning Network—a second layer facilitating rapid, efficient transactions. It is the nervous system: transmitting energy, reducing latency, enabling real-time interaction across a distributed whole.
Beyond that, emerging tools like Fedimint and Cashu function like the capillaries—bringing vitality to the extremities, to those underserved by legacy systems. They empower the unbanked, the overlooked, the forgotten. Privacy and dignity in the palms of those the old system refused to see.
And then there is NOSTR—the decentralized protocol for communication and creation. It is the throat chakra, the vocal cords of the “freedom-tech” body. It reclaims speech from the algorithmic overlords, making expression sovereign once more. It is also the reproductive system, as it enables the propagation of novel ideas and protocols in fertile, uncensorable soil.
Each layer plays its part. Not in hierarchy, but in harmony. In holarchy. Bitcoin and other open source protocols grow not through exogenous command, but through endogenous coherence. Like cells in an organism. Like a song.
Imagine the cell as a piece of glass from a shattered holographic plate —by which its perspectival, moving image can be restructured from the single shard. DNA isn’t only a logical script of base pairs, but an evolving progressive song. Its lyrics imbued with wise reflections on relationships. The nucleus sings, the cell responds—not by command, but by memory. Life is not imposed; it is expressed. A reflection of a hidden pattern.
Bitcoin chants this. Each node, a living cell, holds the full timechain—Truth distributed, incorruptible. Remove one, and the whole remains. This isn’t redundancy. It’s a revelation on the power of protection in Truth.
Consensus is communion. Verification becomes a sacred rite—Truth made audible through math.
Not just the signal; the song. A web of self-expression woven from Truth.
No center, yet every point alive with the whole. Like Indra’s Net, each reflects all. This is more than currency and information exchange. It is memory; a self-remembering Mind, unfolding through consensus and code. A Mind reflecting the Truth of reality at the speed of thought.
Heuristics are mental shortcuts—efficient, imperfect, alive. Like cells, they must adapt or decay. To become unbiased is to have self-balancing heuristics which carry feedback loops within them: they listen to the environment, mutate when needed, and survive by resonance with reality. Mutation is not error, but evolution. Its rules are simple, but their expression is dynamic.
What persists is not rigidity, but pattern.
To think clearly is not necessarily to be certain, but to dissolve doubt by listening, adjusting, and evolving thought itself.
To understand Bitcoin is simply to listen—patiently, clearly, as one would to a familiar rhythm returning.
Permissionless Individuation
Bitcoin is a path. One that no one can walk for you.
Said differently, it is not a passive act. It cannot be spoon-fed. Like a spiritual path, it demands initiation, effort, and the willingness to question inherited beliefs.
Because Bitcoin is permissionless, no one can be forced to adopt it. One must choose to engage it—compelled by need, interest, or intuition. Each person who embarks undergoes their own version of the hero’s journey.
Carl Jung called this process Individuation—the reconciliation of fragmented psychic elements into a coherent, mature Self. Bitcoin mirrors this: it invites individuals to confront the unconscious assumptions of the fiat paradigm, and to re-integrate their relationship to time, value, and agency.
In Western traditions—alchemy, Christianity, Kabbalah—the individual is sacred, and salvation is personal. In Eastern systems—Daoism, Buddhism, the Vedas—the self is ultimately dissolved into the cosmic whole. Bitcoin, in a paradoxical way, echoes both: it empowers the individual, while aligning them with a holistic, transcendent order.
To truly see Bitcoin is to allow something false to die. A belief. A habit. A self-concept.
In that death—a space opens for deeper connection with the Divine itSelf.
In that dissolution, something luminous is reborn.
After the passing, Truth becomes resurrected.
Dispelling Paradox Through Resonance
There is a subtle paradox encoded into the hero’s journey: each starts in solidarity, yet the awakening affects the collective.
No one can be forced into understanding Bitcoin. Like a spiritual truth, it must be seen. And yet, once seen, it becomes nearly impossible to unsee—and easier for others to glimpse. The pattern catches.
This phenomenon mirrors the concept of morphic resonance, as proposed and empirically tested by biologist Rupert Sheldrake. Once a critical mass of individuals begins to embody a new behavior or awareness, it becomes easier—instinctive—for others to follow suit. Like the proverbial hundredth monkey who begins to wash the fruit in the sea water, and suddenly, monkeys across islands begin doing the same—without ever meeting.
When enough individuals embody a pattern, it ripples outward. Not through propaganda, but through field effect and wave propagation. It becomes accessible, instinctive, familiar—even across great distance.
Bitcoin spreads in this way. Not through centralized broadcast, but through subtle resonance. Each new node, each individual who integrates the protocol into their life, strengthens the signal for others. The protocol doesn’t shout; it hums, oscillates and vibrates——persistently, coherently, patiently.
One awakens. Another follows. The current builds. What was fringe becomes familiar. What was radical becomes obvious.
This is the sacred geometry of spiritual awakening. One awakens, another follows, and soon the fluidic current is strong enough to carry the rest. One becomes two, two become many, and eventually the many become One again. This tessellation reverberates through the human aura, not as ideology, but as perceivable pattern recognition.
Bitcoin’s most powerful marketing tool is truth. Its most compelling evangelist is reality. Its most unstoppable force is resonance.
Therefore, Bitcoin is not just financial infrastructure—it is psychic scaffolding. It is part of the subtle architecture through which new patterns of coherence ripple across the collective field.
The training wheels from which humanity learns to embody Peace and Prosperity.
Ego Deflation
The process of awakening is not linear, and its beginning is rarely gentle—it usually begins with disruption, with ego inflation and destruction.
To individuate is to shape a center; to recognize peripherals and create boundaries—to say, “I am.” But without integration, the ego tilts—collapsing into void or inflating into noise. Fiat reflects this pathology: scarcity hoarded, abundance simulated. Stagnation becomes disguised as safety, and inflation masquerades as growth.
In other words, to become whole, the ego must first rise—claiming agency, autonomy, and identity. However, when left unbalanced, it inflates, or implodes. It forgets its context. It begins to consume rather than connect. And so the process must reverse: what inflates must deflate.
In the fiat paradigm, this inflation is literal. More is printed, and ethos is diluted. Savings decay. Meaning erodes. Value is abstracted. The economy becomes bloated with inaudible noise. And like the psyche that refuses to confront its own shadow, it begins to collapse under the weight of its own illusions.
But under Bitcoin, time is honored. Value is preserved. Energy is not abstracted but grounded.
Bitcoin is inherently deflationary—in both economic and spiritual senses. With a fixed supply, it reveals what is truly scarce. Not money, not status—but the finite number of heartbeats we each carry.
To see Bitcoin is to feel that limit in one’s soul. To hold Bitcoin is to feel Time’s weight again. To sense the importance of Bitcoin is to feel the value of preserved, potential energy. It is to confront the reality that what matters cannot be printed, inflated, or faked. In this way, Bitcoin gently confronts the ego—not through punishment, but through clarity.
Deflation, rightly understood, is not collapse—it is refinement. It strips away illusion, bloat, and excess. It restores the clarity of essence.
Spiritually, this is liberation.
The Coin of Great Price
There is an ancient parable told by a wise man:
“The kingdom of heaven is like a merchant seeking fine pearls, who, upon finding one of great price, sold all he had and bought it.”
Bitcoin is such a pearl.
But the ledger is more than a chest full of treasure. It is a key to the heart of things.
It is not just software—it is sacrament.
A symbol of what cannot be corrupted. A mirror of divine order etched into code. A map back to the sacred center.
It reflects what endures. It encodes what cannot be falsified. It remembers what we forgot: that Truth, when aligned with form, becomes Light once again.
Its design is not arbitrary. It speaks the language of life itself—
The elliptic orbits of the planets mirrored in its cryptography,
The logarithmic spiral of the nautilus shell discloses its adoption rate,
The interconnectivity of mycelium in soil reflect the network of nodes in cyberspace,
A webbed breadth of neurons across synaptic space fires with each new confirmed transaction.
It is geometry in devotion. Stillness in motion.
It is the Logos clothed in protocol.
What this key unlocks is beyond external riches. It is the eternal gold within us.
Clarity. Sovereignty. The unshakeable knowing that what is real cannot be taken. That what is sacred was never for sale.
Bitcoin is not the destination.
It is the Path.
And we—when we are willing to see it—are the Temple it leads back to.
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@ 25f5c1c7:e956c514
2025-05-22 23:42:09I've been exploring ways to retain the strong security guarantees of Proof-of-Work (PoW) while significantly reducing its environmental footprint. Traditional PoW systems are undeniably robust, but their energy demands are a major concern. Delayed Proof-of-Work (DPoW) is my first proposal toward solving this - a concept designed to preserve the integrity and fairness of PoW while operating with a fraction of the hash power.
How it Works
-
A new block is added to the chain.
-
All miners start computing a VDF (Verifiable Delay Function) with the latest block's hash as the input.
-
The VDF is designed to take 4 minutes to complete, enforcing a mandatory idle period.
-
The \~1 minute mining period begins when miners complete the VDF.
-
- Miners compete to find a valid PoW for a new block, which includes the VDF output in the header.
-
The first miner to find a valid hash broadcasts the new block to the network.
-
The block is verified by nodes by checking the VDF's output is correct for the previous block hash, and that the PoW is valid.
-
This cycle of a 4 minute idle period and a brief mining period continues.
Key Advantages
-
The idle-mine cycle allows the network to operate with \~1/5 of the hash power of a standard PoW blockchain while still taking advantage of the security properties of PoW.
-
During the 4 minute idle period, the blockchain is guaranteed to be static. The predictable delay means blocks are propagated and confirmed in a more synchronised fashion, which could reduce synchronisation issues and orphaned blocks.
Potential Issues
-
VDFs can be computed slightly faster on hardware with higher clock speeds or specialised circuits, resulting in some miners having a longer mining period.
-
The short mining-window means that miners on faster connections will have a significant advantage over slower connections, as they will be able to propagate a mined block faster.
-
The VDF also uses energy, although negligible compared to the amount that algorithms use.
-
Miners might redirect their hash power to other cryptocurrencies during the delay period, which would undermine the goal of reducing energy consumption.
-
A malicious miner who obtains or predicts the next block could start pre-computing the VDF early, gaining an unfair advantage.
-
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@ 502ab02a:a2860397
2025-05-23 07:35:13แหม่ ต้องรีบแวะมาเขียนไว้ก่อน ของกำลังร้อนๆ #ตัวหนังสือมีเสียง เพลง ลานกรองมันส์ นั้นเรื่องที่มาที่ไปน่าจะไปตามอ่านในเพจ ลานกรองมันส์ ได้ครับ recap คร่าวๆคือมันคือ พื้นที่สร้างสรรค์ที่เปิดให้มาทำกิจกรรมต่างๆนานากันได้ครับ
วันนี้เลยจะมาเล่าเรื่องวิธีการใช้คำ ซึ่งมันส์ดีตามชื่อลาน ฮาๆๆๆ ผมตั้งโจทย์ไว้เลยว่า ต้องมีคำว่า ลานกรองมันส์ แน่ๆแล้ว เพราะเป็นชื่อสถานที่ จากนั้นก็เอาคำว่า ลานกองมัน มาแตกขยายความเพราะมันคือต้นกำเนิดเดิมของพื้นที่นั้น คือเป็นลานที่เอาหัวมันมากองกันเอาไว้ รอนำไปผลิตต่อเป็นสินค้าการเกษตรต่างๆ
ตอนนี้เขาเลิกทำไปแล้ว จึงกลายมาเป็น ลานกรองมันส์ ที่เอาชื่อเดิมมาแปลง
เมื่อได้คำหลักๆแล้วผมก็เอาพยัญชนะเลย ลอลิง กอไก่ มอม้า คือตัวหลักของเพลง
โทนดนตรีไม่ต้องเลือกเลยหนีไม่พ้นสามช่าแน่นอน โทนมันมาตั้งแต่เริ่มคิดจะเขียนเลยครับ ฮาๆๆๆ
ผมพยายามแบ่งวรรคไว้ชัดๆ เผื่อไว้เลยว่าอนาคตอาจมีการทำดนตรีแบบแบ่งกันร้อง วรรคของมันเลยเป็น หมู่ เดี่ยว หมู่ เดี่ยว หมู่ เดี่ยว หมู่ แบบสามโทนเลย
ท่อนหมู่นั้น คิดแบบหลายชั้นมากครับ โดยเฉพาะคำว่า มัน เอามันมากอง มันที่ว่าได้ทั้งเป็นคำกิริยา คือ เอามันมากองๆ หรือ มันที่ว่าอาจหมายถึงตัวความฝันเองเป็นคำลักษณะนามเรียกความฝัน "ลานกรองมันส์ เรามาลองกัน มาร่วมกันมอง ลานกรองมันส์ มาร่วมสร้างฝัน เอามันมากอง"
หรือแม้แต่ท่อนต่างๆ ก็เล่นคำว่า มัน กอง เพื่อให้รู้สึกย้ำท่อนหมู่ ที่มีคำว่ามัน เป็นพระเอกหลายหน้า ทั้งความสนุก ทั้งลักษณะนามความฝัน ทั้งกิริยา "ทุกคน ต่างมี ความฝัน เอามา รวมกัน ให้มันเป็นกอง"
อีกท่อนที่ชอบมากตอนเขียนคือ ทำที่ ลานกรองมันส์ idea for fun everyone can do เพราะรู้สึกว่า การพูดภาษาอังกฤษสำเนียงไทยๆ มันตูดหมึกดี ฮาๆๆๆๆ
หัวใจของเพลงคือจะบอกว่า ใครมีฝันก็มาเลย มาทำฝันกัน เรามีที่ให้คุณ ไม่ต้องกลัวอะไรที่จะทำฝันของตัวเอง เล็กใหญ่ ผิดถูก ขอให้ทำมัน อย่าให้ใครหยุดฝันของคุณ นอกจากตัวคุณเอง
เพลงนี้ไม่ได้ลงแพลทฟอร์ม เพราะส่งมอบให้ทาง ลานกรองมันส์เขาครับ ใช้ตามอิสระไปเลย ดังนั้นก็อาจต้องฟังในโพสนี้ หรือ ในยูทูปนะครับ https://youtu.be/W-1OH3YldtM?si=36dFbHgKjiI_9DI8
เนื้อเพลง "ลานกรองมันส์"
ลานกรองมันส์ ขอเชิญทุกท่าน มามันกันดู นะโฉมตรู มาลองดูกัน อ๊ะ มาลันดูกอง
มีงาน คุยกัน สังสรรค์ ดื่มนม ชมจันทร์ ปันฝัน กันเพลิน ทุกคน ต่างล้วน มีดี เรานั้น มีที่ พี่นี้มีโชว์ เอ้า
ลานกรองมันส์ เรามาลองกัน มาร่วมกันมอง ลานกรองมันส์ มาร่วมสร้างฝัน เอามันมากอง
จะเล็ก จะใหญ่ ให้ลอง เราเป็น พี่น้อง เพื่อนพ้อง ต้องตา ทุกคน ต่างมี ความฝัน เอามา รวมกัน ให้มันเป็นกอง เอ้า
ลานกรองมันส์ เรามาลองกัน มาร่วมกันมอง ลานกรองมันส์ มาร่วมสร้างฝัน เอามันมากอง
ชีวิต เราคิดเราทำ ทุกสิ่งที่ย้ำ คือทำสุดใจ จะเขียน จะเรียน จะรำ ทำที่ ลานกรองมันส์ idea for fun everyone can do
ลานกรองมันส์ เรามาลองกัน มาร่วมกันมอง ลานกรองมันส์ มาร่วมสร้างฝัน เอามันมากอง
เรามา ลั่นกลองให้มัน เฮไหนเฮกัน ที่ลานกรองมันส์ ให้ฝัน บันเทิง…
ตัวหนังสือมีเสียง #pirateketo #siamstr
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@ bbb5dda0:f09e2747
2025-05-20 13:33:59My 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 theglinet,gl-mt3000
which doesn't properly translate into thedevice_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 thedev
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.
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@ 9ca447d2:fbf5a36d
2025-05-23 07:01:51Donald Trump’s recent four-day visit took the President to Saudi Arabia, Qatar, and the United Arab Emirates. This visit has intertwined diplomatic relations with business interests, while simultaneously influencing the bitcoin market.
In Qatar, the President met with Emir Tanim bin Hamad Al Thani, resulting in over $243 billion in deals including major defense agreements, according to Bloomberg.
On May 15, the President made his visit to the Sheikh Zayed Grand Mosque in Abu Dhabi alongside Crown Prince Khaled bin Mohamed Al Nahyan. This occurs as the Trump family expands its business presence in the Middle East.
The Trump Organization is developing luxury properties across the region, including Trump Tower Dubai, real estate projects in Riyadh, and development in Jeddah and Oman.
Donald Trump and Mohammed bin Salman in King Khalid International Airport — NBCNews
Eric Trump publicly announced construction plans for Trump Tower Dubai just last month, highlighting the family’s ongoing commercial footprint in the region.
These business connections extend into the digital asset ecosystem as UAE-backed investment firm MGX recently announced it would use USD1, World Liberty Financial’s stablecoin to support a $2 billion investment in Binance, the world’s largest digital asset exchange, according to APNews.
This connection between Trump-aligned interests and major digital asset investments creates a potential avenue for market influence.
Historically, stability in the Middle East, especially among oil-rich nations, reduces global market volatility. This encourages risk appetite among investors, often leading to increased allocations to digital assets like bitcoin.
Middle East diplomacy directly affects global oil prices. Stable oil prices can lower inflation expectations and lead to interest rate cuts by the Fed. Lower rates lead to an increase in liquidity, having positive effects on bitcoin, an asset that benefits from money printing.
Related: Fed Rate Cuts Could Lead to Major Price Swings for Bitcoin
On the investment front, Abu Dhabi’s Wealth Fund, Mubadala Investment Company, has been focused on increasing their shares in BlackRock’s iShares Bitcoin Trust (IBIT).
According to a 13F filing with the U.S. Securities and Exchange Commission, Mubdala held 8.7 million IBIT shares, totaling $408.5 million as of March 31, 2025.
The Abu Dhabi Wealth Fund increased its shares by 500,000 since its last filing in December of 2024.
Back in March, the United States created a Strategic Bitcoin Reserve. The executive order states that the U.S. will not sell the bitcoin they already hold, and will create budget-neutral ways to increase their holdings.
The time has come where governments and wealth funds alike are jumping on board the Bitcoin train.
Trump’s recent visit to the Middle East illustrates how financial, diplomatic, and personal interests are becoming increasingly intertwined with Bitcoin and digital assets, serving as a new axis of influence in the U.S.-Middle East relations.
The combination of diplomatic progress and business expansion has heightened short-term volatility and trading volumes in the bitcoin market.
Trump’s business and digital asset ties in the region may further boost institutional interest and create an opportunity for more players to enter the market.
-
@ bd4ae3e6:1dfb81f5
2025-05-20 08:46:08 -
@ bd4ae3e6:1dfb81f5
2025-05-20 08:46:06 -
@ 40b9c85f:5e61b451
2025-04-24 15:27:02Introduction
Data Vending Machines (DVMs) have emerged as a crucial component of the Nostr ecosystem, offering specialized computational services to clients across the network. As defined in NIP-90, DVMs operate on an apparently simple principle: "data in, data out." They provide a marketplace for data processing where users request specific jobs (like text translation, content recommendation, or AI text generation)
While DVMs have gained significant traction, the current specification faces challenges that hinder widespread adoption and consistent implementation. This article explores some ideas on how we can apply the reflection pattern, a well established approach in RPC systems, to address these challenges and improve the DVM ecosystem's clarity, consistency, and usability.
The Current State of DVMs: Challenges and Limitations
The NIP-90 specification provides a broad framework for DVMs, but this flexibility has led to several issues:
1. Inconsistent Implementation
As noted by hzrd149 in "DVMs were a mistake" every DVM implementation tends to expect inputs in slightly different formats, even while ostensibly following the same specification. For example, a translation request DVM might expect an event ID in one particular format, while an LLM service could expect a "prompt" input that's not even specified in NIP-90.
2. Fragmented Specifications
The DVM specification reserves a range of event kinds (5000-6000), each meant for different types of computational jobs. While creating sub-specifications for each job type is being explored as a possible solution for clarity, in a decentralized and permissionless landscape like Nostr, relying solely on specification enforcement won't be effective for creating a healthy ecosystem. A more comprehensible approach is needed that works with, rather than against, the open nature of the protocol.
3. Ambiguous API Interfaces
There's no standardized way for clients to discover what parameters a specific DVM accepts, which are required versus optional, or what output format to expect. This creates uncertainty and forces developers to rely on documentation outside the protocol itself, if such documentation exists at all.
The Reflection Pattern: A Solution from RPC Systems
The reflection pattern in RPC systems offers a compelling solution to many of these challenges. At its core, reflection enables servers to provide metadata about their available services, methods, and data types at runtime, allowing clients to dynamically discover and interact with the server's API.
In established RPC frameworks like gRPC, reflection serves as a self-describing mechanism where services expose their interface definitions and requirements. In MCP reflection is used to expose the capabilities of the server, such as tools, resources, and prompts. Clients can learn about available capabilities without prior knowledge, and systems can adapt to changes without requiring rebuilds or redeployments. This standardized introspection creates a unified way to query service metadata, making tools like
grpcurl
possible without requiring precompiled stubs.How Reflection Could Transform the DVM Specification
By incorporating reflection principles into the DVM specification, we could create a more coherent and predictable ecosystem. DVMs already implement some sort of reflection through the use of 'nip90params', which allow clients to discover some parameters, constraints, and features of the DVMs, such as whether they accept encryption, nutzaps, etc. However, this approach could be expanded to provide more comprehensive self-description capabilities.
1. Defined Lifecycle Phases
Similar to the Model Context Protocol (MCP), DVMs could benefit from a clear lifecycle consisting of an initialization phase and an operation phase. During initialization, the client and DVM would negotiate capabilities and exchange metadata, with the DVM providing a JSON schema containing its input requirements. nip-89 (or other) announcements can be used to bootstrap the discovery and negotiation process by providing the input schema directly. Then, during the operation phase, the client would interact with the DVM according to the negotiated schema and parameters.
2. Schema-Based Interactions
Rather than relying on rigid specifications for each job type, DVMs could self-advertise their schemas. This would allow clients to understand which parameters are required versus optional, what type validation should occur for inputs, what output formats to expect, and what payment flows are supported. By internalizing the input schema of the DVMs they wish to consume, clients gain clarity on how to interact effectively.
3. Capability Negotiation
Capability negotiation would enable DVMs to advertise their supported features, such as encryption methods, payment options, or specialized functionalities. This would allow clients to adjust their interaction approach based on the specific capabilities of each DVM they encounter.
Implementation Approach
While building DVMCP, I realized that the RPC reflection pattern used there could be beneficial for constructing DVMs in general. Since DVMs already follow an RPC style for their operation, and reflection is a natural extension of this approach, it could significantly enhance and clarify the DVM specification.
A reflection enhanced DVM protocol could work as follows: 1. Discovery: Clients discover DVMs through existing NIP-89 application handlers, input schemas could also be advertised in nip-89 announcements, making the second step unnecessary. 2. Schema Request: Clients request the DVM's input schema for the specific job type they're interested in 3. Validation: Clients validate their request against the provided schema before submission 4. Operation: The job proceeds through the standard NIP-90 flow, but with clearer expectations on both sides
Parallels with Other Protocols
This approach has proven successful in other contexts. The Model Context Protocol (MCP) implements a similar lifecycle with capability negotiation during initialization, allowing any client to communicate with any server as long as they adhere to the base protocol. MCP and DVM protocols share fundamental similarities, both aim to expose and consume computational resources through a JSON-RPC-like interface, albeit with specific differences.
gRPC's reflection service similarly allows clients to discover service definitions at runtime, enabling generic tools to work with any gRPC service without prior knowledge. In the REST API world, OpenAPI/Swagger specifications document interfaces in a way that makes them discoverable and testable.
DVMs would benefit from adopting these patterns while maintaining the decentralized, permissionless nature of Nostr.
Conclusion
I am not attempting to rewrite the DVM specification; rather, explore some ideas that could help the ecosystem improve incrementally, reducing fragmentation and making the ecosystem more comprehensible. By allowing DVMs to self describe their interfaces, we could maintain the flexibility that makes Nostr powerful while providing the structure needed for interoperability.
For developers building DVM clients or libraries, this approach would simplify consumption by providing clear expectations about inputs and outputs. For DVM operators, it would establish a standard way to communicate their service's requirements without relying on external documentation.
I am currently developing DVMCP following these patterns. Of course, DVMs and MCP servers have different details; MCP includes capabilities such as tools, resources, and prompts on the server side, as well as 'roots' and 'sampling' on the client side, creating a bidirectional way to consume capabilities. In contrast, DVMs typically function similarly to MCP tools, where you call a DVM with an input and receive an output, with each job type representing a different categorization of the work performed.
Without further ado, I hope this article has provided some insight into the potential benefits of applying the reflection pattern to the DVM specification.
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@ 9ca447d2:fbf5a36d
2025-05-23 07:01:50Bahrain-based Al Abraaj Restaurants Group has made history by becoming the first publicly-traded company in the Middle East to add bitcoin to its corporate treasury. This is a major step forward for regional bitcoin adoption.
On May 15, 2025, Al Abraaj Restaurants Group, a well-known restaurant chain listed on the Bahrain Bourse, announced it had bought 5 bitcoin (BTC) as part of a new treasury strategy. This makes the company the first in Bahrain, the GCC and the Middle East to officially hold bitcoin as a reserve asset.
Al Abraaj adds bitcoin to its treasury — Zawya
This is a growing trend globally where companies are treating bitcoin not just as an investment but as a long-term store of value. Major companies like Strategy, Tesla and Metaplanet have already done this — and now Al Abraaj is following suit.
Metaplanet recently added 1,241 BTC to its treasury, boosting the company’s holdings above El Salvador’s.
Related: Metaplanet Overtakes El Salvador in Bitcoin Holdings After $126M Purchase
“Our initiative towards becoming a Bitcoin Treasury Company reflects our forward-thinking approach and dedication to maximizing shareholder value,” said Abdulla Isa, Chairman of the Bitcoin Treasury Committee at Al Abraaj.
Al Abraaj’s move is largely inspired by Michael Saylor, Executive Chairman of Strategy, the world’s largest corporate holder of bitcoin. Saylor’s strategy of allocating billions to bitcoin has set a model that other companies — now including Al Abraaj — are following.
A photo shared by the company even showed a meeting between an Al Abraaj representative and Saylor, with the company calling itself the “MicroStrategy of the Middle East”.
“We believe that Bitcoin will play a pivotal role in the future of finance, and we are excited to be at the forefront of this transformation in the Kingdom of Bahrain,” Isa added.
To support its bitcoin initiative, Al Abraaj has partnered with 10X Capital, a New York-based investment firm that specializes in digital assets.
10X Capital has a strong track record in bitcoin treasury strategies, and recently advised Nakamoto Holdings on a $710 million deal — the largest of its kind.
With 10X’s help, Al Abraaj looks to raise more capital and increase its bitcoin holdings over time to maximize bitcoin-per-share for its investors. The company will also develop Sharia-compliant financial instruments so Islamic investors can get exposure to bitcoin in a halal way.
“Bahrain continues to be a leader in the Middle East in Bitcoin adoption,” said Hans Thomas, CEO of 10X Capital. He noted, with a combined GDP of $2.2 trillion and over $6 trillion in sovereign wealth, the GCC now has its first publicly listed bitcoin treasury company.
This is not just a first for Al Abraaj — it’s a first for the region. Bahrain has been positioning itself as a fintech hub and Al Abraaj’s move will encourage more non-fintech companies in the region to look into bitcoin.
The company said the decision was made after thorough due diligence and is in line with the regulations set by the Central Bank of Bahrain (CBB). Al Abraaj will be fully compliant with all digital asset transaction rules, including transparency, security and governance.
A special Bitcoin Committee has been formed to oversee the treasury strategy. It includes experienced bitcoin investors, financial experts and portfolio managers who will manage risk, monitor market conditions and ensure best practices in custody and disclosure.
The initial purchase was 5 BTC, but Al Abraaj sees this as just the beginning. The company stated that there are plans in motion to allocate a significant portion of their treasury into bitcoin over time.
According to the company’s reports, Al Abraaj is financially sound with $12.5 million in EBITDA in 2024. This strong financial foundation gives the company the confidence to explore new strategies like bitcoin investment.
-
@ 1817b617:715fb372
2025-05-22 23:39:18🚀 Instantly Send Spendable Flash BTC, ETH, & USDT — 100% Blockchain-Verifiable!
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@ b2caa9b3:9eab0fb5
2025-04-24 06:25:35Yesterday, I faced one of the most heartbreaking and frustrating experiences of my life. Between 10:00 AM and 2:00 PM, I was held at the Taveta border, denied entry into Kenya—despite having all the necessary documents, including a valid visitor’s permit and an official invitation letter.
The Kenyan Immigration officers refused to speak with me. When I asked for clarification, I was told flatly that I would never be allowed to enter Kenya unless I obtain a work permit. No other reason was given. My attempts to explain that I simply wanted to see my child were ignored. No empathy. No flexibility. No conversation. Just rejection.
While I stood there for hours, held by officials with no explanation beyond a bureaucratic wall, I recorded the experience. I now have several hours of footage documenting what happened—a silent testimony to how a system can dehumanize and block basic rights.
And the situation doesn’t end at the border.
My child, born in Kenya, is also being denied the right to see me. Germany refuses to grant her citizenship, which means she cannot visit me either. The German embassy in Nairobi refuses to assist, stating they won’t get involved. Their silence is loud.
This is not just about paperwork. This is about a child growing up without her father. It’s about a system that chooses walls over bridges, and bureaucracy over humanity. Kenya, by refusing me entry, is keeping a father away from his child. Germany, by refusing to act under §13 StGB, is complicit in that injustice.
In the coming days, I’ll share more about my past travels and how this situation unfolded. I’ll also be releasing videos and updates on TikTok—because this story needs to be heard. Not just for me, but for every parent and child caught between borders and bureaucracies.
Stay tuned—and thank you for standing with me.
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@ 9ca447d2:fbf5a36d
2025-05-23 07:01:49Steak ‘n Shake recently made headlines by officially accepting bitcoin payments via the Lightning Network across all its U.S. locations. The integration of Bitcoin payments at over 500 locations is a monumental moment for both the fast food industry and the broader retail sector.
This is not just something that Steak ‘n Shake is testing in a handful of locations, they are doing a full-scale rollout, fully embracing Bitcoin.
With more than 100 million customers a year, Steak ‘n Shake’s integration of Lightning—Bitcoin’s fast, low-fee payment layer—makes it easier than ever to use Bitcoin in day-to-day life. Buying a burger and a shake with sats? That’s now a real option.
The process is straightforward. Customers simply scan a Lightning QR code at the register, completing their payment in seconds, while Steak ‘n Shake receives instant USD conversion, ensuring price stability and ease of use.
So what does this mean for Bitcoin and E-commerce?
For starters, Steak ‘n Shake becomes the first of eventually many to fully embrace a digital world. As Bitcoin continues to grow, consumers will continue to realize the benefits of saving in a currency that is truly scarce and decentralized.
This is a huge step forward for Bitcoin as it shows it is not just for holding, it’s for spending, too. And by using the Lightning Network, Steak n’ Shake is helping prove that Bitcoin can scale for everyday transactions.
This now creates a seamless checkout experience, making bitcoin a viable alternative to credit cards and cash.
More importantly, it signals a significant shift in mainstream attitudes towards Bitcoin. As a well-known brand across America, this move serves as a powerful endorsement, likely to influence other chains and retailers to consider similar integrations.
Related: Spar Supermarket in Switzerland Now Accepts Bitcoin Via Lightning
What can this mean for your business?
Accepting bitcoin as payment can open the door to a new demographic of tech-savvy, financially engaged consumers who prefer digital assets.
As we know, companies that adopt Bitcoin receive a fascinating amount of love from the Bitcoin community and I would assume Steak n’ Shake will be receiving the same amount of attention.
From a business perspective, accepting bitcoin has become more than just a payment method—it’s a marketing tool. It sets your business apart and gets people talking. And in a crowded market, that kind of edge matters.
Steak ‘n Shake’s embrace of Bitcoin is likely to accelerate the adoption of digital assets in both physical retail and e-commerce.
As more businesses witness the operational and marketing benefits, industry experts anticipate a ripple effect that will increase interaction between consumers and digital currencies, further regulatory clarity, and bring continued innovation in payment technology.
Steak ‘n Shake’s nationwide Bitcoin payments rollout is more than a novelty. It’s a pivotal development for digital payments, setting a precedent for other retailers and signaling the growing integration of digital assets into everyday commerce.
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@ 9ca447d2:fbf5a36d
2025-05-23 07:01:48Panama City may be the next Latin American city to adopt bitcoin, after El Salvador.
Panama City Mayor Mayer Mizrachi has got the bitcoin world excited after hinting that the city might have a bitcoin reserve. The speculation started on May 16 when Mizrachi posted a simple but powerful message on X:
Two words. That’s it. What makes it special is that it came after a high-profile meeting with Max Keiser and Stacy Herbert, two key figures behind El Salvador’s bitcoin strategy.
Keiser is an advisor to El Salvador’s President Nayib Bukele and Herbert leads the country’s Bitcoin Office.
El Salvador became the first country to adopt bitcoin as legal tender back in 2021. Since then, it has been building a national bitcoin reserve, currently holding 6,179 BTC worth around $640 million. It’s also using geothermal energy to power bitcoin mining in an eco-friendly way.
El Salvador’s bitcoin treasury — Bitcoin.gob.sv
Mizrachi’s meeting with Keiser and Herbert was about how Panama could do the same. While the details of the conversation are private, Keiser shared on social media that the two countries will play a big role in the future of Bitcoin.
“Bitcoin is transforming Central America,” Keiser wrote. “El Salvador’s geothermal & Panama’s hydro-electric will power the Bitcoin revolution.”
Max Keiser on X
Panama with its hydroelectric power could be a hub for green bitcoin mining.
Mizrachi has not announced a bitcoin reserve plan nor submitted a proposal to the National Assembly. But his post and public appearances suggest it’s being considered.
He will be speaking at the upcoming Bitcoin 2025 Conference in Las Vegas just days after his social media post. Many expect he will share more about Panama City’s bitcoin plans during his talk.
If Mizrachi pushes for a bitcoin reserve, he will need to work with national lawmakers to pass new legislation. So far, there is no evidence of that.
Even without a bitcoin reserve, Panama City is already going big on digital assets.
In April 2025, the city council approved a measure to allow residents to pay taxes, fees, fines and permits with digital currencies. Supported tokens are bitcoin (BTC), ethereum (ETH), USD Coin (USDC) and Tether (USDT).
To comply with financial laws, the city has partnered with a bank that instantly converts these digital assets into U.S. dollars. According to Mizrachi, this way it’s easier for residents to use digital assets and the city’s financial operations will be transparent and legal.
Another part of the meeting with El Salvador’s advisors was education.
Stacy Herbert confirmed that Panama City will be integrating El Salvador’s financial literacy book, “What is Money?” into their digital library system. The goal is to help students, teachers and the general public understand bitcoin and digital currencies in modern finance.
This is a trend in Latin America where countries are looking for alternatives to traditional banking systems. Inflation, economic instability and the rise of decentralized finance are forcing governments to look into new financial tools.
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@ bf47c19e:c3d2573b
2025-05-22 21:03:52Originalni tekst na bitcoin-balkan.com.
Pregled sadržaja
- Šta je finansijski samo-suverenitet?
- Zašto smo prestali da koristimo zlatni standard?
- Šta fali tradicionalnoj valuti i centralnim bankama?
- Kako mogu ljudi da mi ukradu novac ako je u banci?
- Kako ljudi koriste moje finansijske podatke protiv mene?
- Kako ljudi kontrolišu sa kim obavljam transakcije?
- Kako da povratimo svoj finansijski samo-suverenitet?
- Kako Bitcoin funkcioniše?
- Pa onda, zašto Bitcoin?
- Po čemu je Bitcoin bolji od sistema tradicionalnih valuta?
- Kako Bitcoin štiti od Inflacije?
- Kako Bitcoin štiti od Zaplene?
- Kako Bitcoin štiti Privatnost?
- Kako Bitcoin štiti od Cenzure?
- Šta će vlada i banke učiniti sa Bitcoin-om?
- Da li je vrednost Bitcoin-a nestabilna?
- Da li je Bitcoin novac?
- Bitcoin kao Zaliha Vrednosti
- Bitcoin kao Sredstvo Razmene
- Bitcoin kao Obračunska Jedinica
- Bitcoin kao Sistem Kontrole
- Šta je sa „Sledećim Bitcoin-om“?
- Na kraju
Kratki uvod u bezbednost, privatnost i slobodu vašeg novca.
Pre nego što saznate kako morate znati zašto.
Šta je finansijski samo-suverenitet?
Zamislite da u ruci imate zlatni novčić, jedan od najjednostavnijih i najčistijih oblika finansijskog samo-suvereniteta.
Da biste držali taj zlatni novčić, ne morate da se složite sa bilo kojim Uslovima korišćenja ili Politikom privatnosti, da se pridržavate bilo kojih KYC ili AML propisa, da pokažete ličnu kartu, da navedete svoje ime ili jedinstveni matični broj.
Samo ga držite u ruci i njime možete platiti bilo šta, davanjem tog novčića nekom drugom da ga drži u ruci. To je čista sloboda.
Pored slobode onoga što kupujete svojim novčićem, niko ne može magično znati kome plaćate ili koju robu/usluge kupujete tim zlatni novčićem, jer vaša privatnost nije ugrožena sa zlatom.
A pošto imate svoju privatnost, niko ne može znati za vaše transakcije, pa niko ne može da odluči da ograniči ili kontroliše za šta koristite taj zlatni novčić.
Hiljadama godina zlato je bilo globalni standard novca.
Svi su održavali svoj finansijski samo-suverenitet, a privatnost i sloboda svačijeg novca su poštovani.
Zaista je bilo tako jednostavno.
Zašto smo prestali da koristimo zlatni standard?
Trenutni globalni bankarski sistem i sistem tradicionalnih valuta, bankari su vrlo polako implementirali u proteklih 100+ godina.
Udružili su se sa svetskim vladama koje su svima oduzele zlato pod pretnjom nasilja.
Na primer, nakon što je Federalna banka rezervi osnovana u SAD-u 1913. godine, američka vlada je nasilno oduzela svo zlato 1933. godine, prisiljavajući sve da koriste nove centralne banke i sistem novčanica Federalnih rezervi.
„Dostavite svoje celokupno zlato u naše sefove u zamenu za bezvredni papir, ili ćemo upotrebiti silu nad vama.“
Banke su u početku zamenile zlatni standard papirnim priznanicama zvane zlatni sertifikati, ali nakon što je prošlo dovoljno vremena, banke su u osnovi jednostavno prestale da ih otkupljuju za zlato.
Zlatni sertifikati izdavani od banaka (novčanice ili „gotovina“) u tom trenutku bili su samo bezvredni papir, ali zbog vladine pretnje nasiljem, svi su bili primorani da nastave da koriste novčanice Federalnih rezervi.
Od skora, banke koriste digitalnu bazu podataka, u kojoj doslovno mogu stvoriti novac ni iz čega, čak i da ga ne moraju štampati na papiru.
Predsednik Federalnih rezervi priča kako oni „štampaju“ novac.
Oni su učvrstili svoju moć da manipulišu i naduvaju globalnu novčanu masu, nadgledaju finansijske transakcije svih i kontrolišu protok svih tradicionalnih valuta u svom bankarskom sistemu.
Banke sada kontrolišu sve.
Jednom kada su centralni bankari uspešno preuzeli kontrolu nad novčanom masom u svetu, zajedno sa sposobnošću svih da slobodno vrše transakcije i trguju, svet je kolektivno izgubio bezbednost, slobodu i privatnost svog novca.
Šta fali tradicionalnoj valuti i centralnim bankama?
Nakon impelentacije trenutnog globalnog bankarskog sistema i sistema tradicionalnih valuta, svetu nije preostao drugi izbor nego da veruje bankarima i političarima da vode globalni finansijski sistem na pošten način.
„Koren problema tradicionalne valute je potpuno poverenje potrebno za njeno funkcionisanje. Centralnoj banci se mora verovati da neće devalvirati valutu, ali istorija tradicionalnih valuta je puna kršenja tog poverenja. Bankama se mora verovati da čuvaju naš novac i prenose ga elektronskim putem, ali ga daju u talasima kreditnih balona sa malim delićem rezerve. ““ — Satoshi Nakamoto
Istorija zloupotrebe tradicionalnih valuta može se grupisati u 3 kategorije:
• Bezbednost. Loši ljudi kradu vaš novac ili vrednost vašeg novca, ponekad na očigledne načine, ponekad na podle načine.
• Privatnost. Loši ljudi nadgledaju sve vaše privatne finansijske transakcije, i koriste vaše lične finansijske podatke protiv vas.
• Sloboda. Loši ljudi kontrolišu na koji način možete da trošite sopstveni novac, sa kim možete da obavljate transakcije, koliko možete da potrošite itd.
Kako mogu ljudi da mi ukradu novac ako je u banci?
Evo nekoliko primera:
-
Krađa inflacijom: Ovo je primarni način na koji banke kradu vaš novac i jedan od najpodlijih. Kada centralne banke izdaju novi novac, bilo štampanjem na bezvrednom papiru, ili samo dodavanjem knjigovodstvenog unosa u bazu podataka koju kontrolišu, one naduvaju globalnu novčanu masu. Inflacija krade kupovnu moć svih koji drže deo te valute, jednostavno zato što je sada više te valute u opticaju. Zlato se ne može stvoriti, pa su bankari umesto toga izmislili sistem papirnog novca.
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Krađa zaplenom: Ovo je jedan od načina na koji vlade mogu ukrasti vaš novac. Da li ste ikada čuli za zaplenu imovine? Ako policajac posumnja da je vaša imovina korišćena u krivičnom delu, može je zapleniti, a vi se morate boriti da biste povratili vašu ukradenu imovinu. Ili, drugi primer: Pokušajte da uđete u zemlju sa više od 10.000 USD u džepu, a ne da je prijavite, i pogledajte šta će se dogoditi. Sve je isto: krađa od strane drugih ljudi sa oružjem.
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Krađa putem oporezivanja: Ovo je još jedan način na koji vam vlade kradu novac. Ne sporim da li je oporezivanje etično ili ne, samo konstatujem činjenicu da vaša vlada može da primora vašu banku da im da vaš novac, a ovo je bezbednostna ranjivost. Da bi novac bio siguran, mora biti nezaplenjiv, a vlade mogu da zaplene vaše bankovne račune.
Kako ljudi koriste moje finansijske podatke protiv mene?
Ako fizičku tradicionalnu valutu predate drugoj osobi, u obliku papirnog novca ili kovanica, relativno je lako zaštititi privatnost svoje transakcije, baš kao što bi bilo da koristite zlatnike.
Međutim, ako koristite kreditne kartice, debitne kartice, bankovne transfere, PayPal, Venmo, LINE Pay, WeChat Pay ili bilo koju drugu mrežu za plaćanje koja je centralno kontrolisana, aktivno pristajete da se odreknete privatnosti podataka svih svojih privatnih finansijskih transakcija i sve ih dajete poverljivoj trećoj strani.
Kada su svi podaci i metapodaci vaših finansijskih transakcija prijavljeni u centralnu bazu podataka, onaj ko ima pristup toj bazi podataka može da koristi vaše podatke protiv vas.
Evo nekoliko osnovnih primera:
- Ako ste kupili robu rizičnog životnog stila poput cigareta, banka može reći vašoj osiguravajućoj kompaniji da poveća vaše osiguranje.
- Ako ste kupili nešto što je ilegalno, poput droga za rekreaciju, vaša banka može reći vašoj vladi da vas zakonski goni.
Ali u slučaju nekih represivnih vlada, oni su to odveli do ekstrema. Oni centralno prikupljaju sve finansijske transakcije i druge podatke svih svojih građana i stvorili su totalitarni Sistem Socijalnih Bodova (eng. Social Credit Score):
Prepoznavanje lica je jedan od elemenata kineskih napora za praćenje
Zapisi George Orwell-a već su postali stvarnost u Kini zbog sistema tradicionalnih valuta centralne banke i platnih mreža koje su izgrađene na njemu.
Ako mislite da se to neće dogoditi u vašoj zemlji, razmislite ponovo.
To se dešava vrlo polako, ali na kraju će sve svetske vlade primeniti Sistem Socijalnih Bodova, dok je Kina to tek prva učinila.
Kako ljudi kontrolišu sa kim obavljam transakcije?
U prvom primeru sa zlatnim novčićem, kada ga predate nekom drugom kao plaćanje za robu ili uslugu, ne postoji centralizovana evidencija vaše platne transakcije i imate savršenu privatnost.
Međutim, u centralnom bankarskom sistemu, budući da banka ima i znanje o podacima o vašim transakcijama i moć da kontroliše vaša sredstva, oni mogu proceniti niz pravila da bi odlučili da li žele da dozvole vašu transakciju ili da to odbiju, takođe kao i izvršenje te odluke kontrolišući vaša sredstva.
Tako su vlade naoružale tradicionalne valute i centralni bankarski sistem kao Sistem Kontrole nad svojim građanima.
Da rezimiramo: Pošto ste se odrekli bezbednosti i privatnosti svog novca, izgubili ste i svoju finansijsku slobodu.
“Privatnost nije o tome da nešto treba sakriti. Privatnost je o tome da nešto treba zaštititi.” — Edward Snowden
Kako da povratimo svoj finansijski samo-suverenitet?
Pokret Cypherpunk pokrenuli su pojedinci koji su shvatili važnost zaštite privatnosti i slobode pojedinačnih korisnika na Internetu.
Cypherpunk-ovi su verovali da se gore opisani problemi mogu rešiti samo potpuno novim novčanim sistemom, koji poštuje i štiti bezbednost, privatnost i slobodu pojedinca.
Mnogi od Cypherpunk-era pokušali su da izgrade nove etičke sisteme e-gotovine koji bi mogli da zamene tradicionalne valute i centralno bankarstvo.
Bilo je mnogo teških računarskih problema koje je trebalo prevazići u stvaranju tako istinski decentralizovanog sistema, i ako su neki od njih bili blizu cilja, svi su propali.
Odnosno, sve dok jedan pseudonim Cypherpunk-a to konačno nije shvatio 2008. godine: kombinacijom digitalnih potpisa, distribuirane knjige i peer-to-peer mreže, rođen je Bitcoin.
Kako Bitcoin funkcioniše?
Baš kao što ne treba da znate kako Internet funkcioniše da bi gledali slike mačaka na Internetu, razumevanje tehničke složenosti načina na koji Bitcoin radi „ispod haube“ nije neophodno da biste ga koristili i postigli sopstveni finansijski samo-suverenitet.
Važna stvar koju želim da saznate iz ovog članka je da iako većina novih tehnologija u početku ima loše korisničko iskustvo, Bitcoin svesno i vrlo namerno ne žrtvuje svoje osnovne filozofske principe da bi brže pridobio nove korisnike, ili da bi poboljšao korisničko iskustvo.
Najpametniji Cypherpunk-ovi rade na poboljšanju korisničkog iskustva.
Tehnologija će se sa vremenom poboljšavati, baš kao i za Internet.
Pa onda, zašto Bitcoin?
Reći ću vam zašto:
Jer Bitcoin poštuje bezbednost, privatnost i slobodu pojedinca.
Po čemu je Bitcoin bolji od sistema tradicionalnih valuta?
Za početak, Bitcoin nema Uslove korišćenja, Politiku privatnosti i Propise o usklađenosti sa KYC/AML. (Know Your Costumer & Anti-money Laundering)
Bitcoin je uspešan primer implementacije kripto-anarhije, gde su jedina pravila kriptografija, matematika i jak skup konsenzusnih pravila.
To je distribuirani i nepoverljivi sistem zasnovan na finansijskim podsticajima i nijedna osoba ili centralizovani entitet ne može da kontroliše Bitcoin.
Ono što je najvažnije, Bitcoin vam omogućava da odustanete od tradicionalnih valuta, sistema delimičnih rezervi i centralnog bankarstva rešavanjem osnovnih problema poverenja:
- Sigurnost od inflacije korišćenjem fiksnog snabdevanja
- Sigurnost od zaplene korišćenjem ključeva za kontrolu sredstava
- Privatnost plaćanja korišćenjem pseudonimnih identiteta
- Sloboda protiv cenzure korišćenjem peer to peer mreže
Kako Bitcoin štiti od Inflacije?
Jedno od najkritičnijih pravila konsenzusa o Bitcoin-u je da može postojati najviše 21,000,000 Bitcoin-a.
Nakon izdavanja svih Bitcoin-a, nikada više ne može doći do stvaranja novih Bitcoin-a.
Stoga je Bitcoin deflaciona valuta, koja sprečava ljude da ukradu vaš novac ili njegovu vrednost naduvavanjem novčane mase.
Monetarna Inflacija Bitcoin-a
Kako Bitcoin štiti od Zaplene?
Bitcoin se može preneti samo pomoću kriptografskog privatnog ključa koji kontroliše sredstva.
Nijedan bitcoin nikada ne izadje van sistema.
Nijedna vlada, banka ili sudski nalog ne mogu zapleniti ta sredstva.
Jednostavno ne postoji način da se takva odredba ili naredba sprovede od bilo kog „organa vlasti“, jer Bitcoin ne priznaje nijedno „ovlašćenje“ u svom sistemu.
Bitcoin je potpuno samo-suveren sistem i zbog svoje distribuirane prirode ne može se ugasiti.
Postoji zbog sopstvenih zasluga, samo zato što ljudi veruju u to.
Kako Bitcoin štiti Privatnost?
Bitcoin ne traži vaše ime ili druge detalje koji mogu lično da vas identifikuju.
Vaš identitet je kriptografski, a ne vaše stvarno ime.
Dakle, vaš identitet izgleda otprilike kao 1vizSAISbuiKsbt9d8JV8itm5ackk2TorC, a ne kao „Stefan Petrovič“.
Pored toga, niko ne zna ko kontroliše sredstva na datoj Bitcoin adresi, a nova tehnologija se neprestano razvija kako bi se poboljšala privatnost Bitcoin-a.
Kako Bitcoin štiti od Cenzure?
Peer-to-peer Bitcoin mreža je u potpunosti distribuirana.
To znači da ako jedan čvor pokuša da cenzuriše vašu transakciju, neće uspeti ukoliko * svaki * čvor(Node) ne izvrši cenzuru vaše transakcije.
Šta će vlada i banke učiniti sa Bitcoin-om?
Neke zemlje su pokušale da ga regulišu, kontrolišu, isključe itd., ali nijedna od njih nije uspela.
Čini se da uglavnom samo žele da koriste postojeći sistem centralnih banaka da bi kontrolisali kako ljudi trguju tradicionalnim valutama za Bitcoin, i naravno žele da oporezuju Bitcoin na bilo koji mogući način.
Evo nekoliko uobičajenih tvrdnji vlada i banaka o Bitcoin-u:
Evropska centralna banka kaže da Bitcoin nije valuta i upozorava da je vrlo nestabilna.
„Bitcoin, izgleda samo kao prevara“, rekao je gospodin Tramp. „Ne sviđa mi se jer je to još jedna valuta koja se takmiči sa dolarom.“
Da li je vrednost Bitcoin-a nestabilna?
Ako umanjite grafikon cena, videćete da Bitcoin-u neprekidno raste vrednost od kada je stvoren, trgujući sa manje od 0,01 USD i polako se penje na preko 60.000 USD na nedavnom vrhuncu početkom 2021. godine.
Cena Bitcoina od 2011. godine
To je zato što je njegova ponuda fiksna i ljudi cene njegovu nestašicu.
Sa većom potražnjom i fiksnom ponudom, cene vremenom rastu.
Kako godine odmiču, njegova vrednost će se povećavati kako novi korisnici počinju da drže Bitcoin. (U svetu Bitcoina držanju kažemo HODL. Drži bitcoin. Hodl bitcoin.)
Da li je Bitcoin novac?
Da biste odgovorili na pitanje da li je Bitcoin novac ili ne, prvo morate definisati pojam „novac“.
Nažalost, reč „novac“ koristimo da bismo opisali nekoliko vrlo različitih komplikovanih koncepata, koji su svi potpuno odvojeni.
Termin „novac“ se zapravo odnosi na:
- Zaliha Vrednosti (Store of Value)
- Sredstvo Razmene ( Medium of Exchange)
- Obračunska Jedinica (Unit of Account)
- Sistem Kontrole (System Control)
Bitcoin kao Zaliha Vrednosti
Ovaj tweet to savršeno objašnjava:
Sinov prijatelj: “Matt, šta će se dogoditi ako novčić od 1 funte usitnite na pola?”
Dobijaš dva komada bezvrednog metala. Ako zlatnik usitnite na pola, dobićete dva zlatnika, od kojih svaki vredi polovinu onoga što je novčić bio.
Sin: „… isto tako kao sa zlatom jeste sa bitcoinima“.
Bitcoin je potpuno deljiv i deluje kao izvrsna zaliha vrednosti, baš kao što je i zlato već hiljadama godina.
Bitcoin kao Sredstvo Razmene
Bitcoin je dobro služio kao sredstvo razmene za svoje rane korisnike.
Ali skaliranje Bitcoin-a na globalni nivo koji bi mogao da posluži svim ljudima je veliki izazov, jer se osnovna „blockchain“ tehnologija ne skalira na globalni nivo.
Da bi rešio ovaj problem skaliranja, Satoshi je izumeo koncept kanala plaćanja, a u kombinaciji sa malo pomoći drugih briljantnih računarskih naučnika Cipherpunk-a koji su poboljšali koncept tokom poslednjih 10 godina, sada imamo mrežu Lightning, koja omogućava da se Bitcoin koristi kao odlično Sredstvo Razmene, koje se vremenom može proširiti na globalni nivo.
Bitcoin kao Obračunska Jedinica
Najmanja obračunska jedinica Bitcoin-a nazvana je po njenom tvorcu, Satoshi-u.
Jedan Bitcoin je jednak 100.000.000 Satoshi-a.
Na kraju, kako se robe i usluge sve češće razmenjuju za Bitcoin, sve više ljudi će koristiti Bitcoin ili „Sats“ kao obračunsku jedinicu.
Bitcoin kao Sistem Kontrole
Budući da je Bitcoin dizajniran da poštuje i štiti ljudska prava pojedinca, posebno bezbednost, privatnost i slobodu novca; ne bi bio dobar Sistem Kontrole i ne može se koristiti za ugnjetavanje ljudi, kao što se dešava sa tradicionalnim valutama i sistemima centralnog bankarstva koji to trenutno vrlo dobro rade.
Šta je sa „Sledećim Bitcoin-om“?
Kao što može biti samo jedan „globalni“ Internet, tako može biti i samo jedan globalni novac, a stigao je i novi Bitcoin Standard.
Sve ostalo je ili direktna prevara ili gubljenje vremena.
Ako bi neko želeo da vam proda „Sledeće Zlato“, da li biste ga kupili?
Na kraju
Nadam se da vam je ovaj članak pomogao da razumete zašto je Bitcoin stvoren i kako može da pomogne svetu da se oslobodi tradicionalnih valuta i sistema centralnog bankarstva koji je veoma duboko integrisan u naše trenutno društvo.
Evo nekoliko misli koje treba poneti sa sobom:
- Bitcoin nije izmišljen radi zarade, već je izmišljen da bi promenio svet.
- Bitcoin će to učiniti poštujući korisnikovu bezbednost, privatnost i slobodu.
- Bitcoin se već koristi kao novac, na nekoliko načina na koji se novac može koristiti.
- Bitcoin nije nestabilan, njegova vrednost vremenom polako raste (odzumirajte).
- Bitcoin ima mnogo kopija i prevaranata koji će pokušati da vam prodaju svoju kopiju Bitcoin-a. Ne zavaravajte se lažnim Bitcoin-om baš kao što vas ne bi prevarili ni Lažnim Zlatom.
- Bitcoin će postati najveći prenos bogatstva u našem životu, tako da ćete možda želeti da ih uzmete pre nego kasnije.
- Ostanite skromni i skupljajte satošije.
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@ 3f770d65:7a745b24
2025-05-19 18:09:52🏌️ 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:
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The week tees off in style with the Bitcoin Golf Championship. Swing clubs by day and swing to music by night.
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Live performances from Nostr-powered acts courtesy of Tunestr, including Ainsley Costello and others.
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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:
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☕️ Hang out casually or sit down for a deeper conversation about the Nostr protocol
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🔧 1:1 demos from app teams
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🛍️ Merch available onsite
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🧠 Impromptu lightning talks
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🎤 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
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🕚 Time: 11:30 AM – 12:00 PM
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📅 Date: Wednesday, May 28
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📍 Location: Developer Zone
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🎤 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
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🕑 Time: 2:00 PM – 2:30 PM
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📅 Date: Thursday, May 29
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📍 Location: Genesis Stage
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🎙️ Moderator: nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqy08wumn8ghj7mn0wd68yttjv4kxz7fwv3jhyettwfhhxuewd4jsqgxnqajr23msx5malhhcz8paa2t0r70gfjpyncsqx56ztyj2nyyvlq00heps - Bitcoin Strategy @ Roxom TV
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👥 Speakers:
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nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsy2ga7trfetvd3j65m3jptqw9k39wtq2mg85xz2w542p5dhg06e5qmhlpep – Early Bitcoin dev, CEO @ Sirius Business Ltd
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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:
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🎶 Live Music Stage – Featuring Ainsley Costello, Sara Jade, Able James, Martin Groom, Bobby Shell, Jessie Lark, and other V4V artists
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🪩 DJ Party Deck – With sets by nostr:nprofile1qy0hwumn8ghj7cmgdae82uewd45kketyd9kxwetj9e3k7mf6xs6rgqgcwaehxw309ahx7um5wgh85mm694ek2unk9ehhyecqyq7hpmq75krx2zsywntgtpz5yzwjyg2c7sreardcqmcp0m67xrnkwylzzk4 , nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgkwaehxw309anx2etywvhxummnw3ezucnpdejqqg967faye3x6fxgnul77ej23l5aew8yj0x2e4a3tq2mkrgzrcvecfsk8xlu3 , and more DJs throwing down
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🛰️ Live-streamed via Tunestr
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🧠 Nostr Education – Talks by nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq37amnwvaz7tmwdaehgu3dwfjkccte9ejx2un9ddex7umn9ekk2tcqyqlhwrt96wnkf2w9edgr4cfruchvwkv26q6asdhz4qg08pm6w3djg3c8m4j , nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqg7waehxw309anx2etywvhxummnw3ezucnpdejz7ur0wp6kcctjqqspywh6ulgc0w3k6mwum97m7jkvtxh0lcjr77p9jtlc7f0d27wlxpslwvhau , nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3vamnwvaz7tmwdaehgu3wd33xgetk9en82m30qqsgqke57uygxl0m8elstq26c4mq2erz3dvdtgxwswwvhdh0xcs04sc4u9p7d , nostr:nprofile1q9z8wumn8ghj7erzx3jkvmmzw4eny6tvw368wdt8da4kxamrdvek76mrwg6rwdngw94k67t3v36k77tev3kx7vn2xa5kjem9dp4hjepwd3hkxctvqyg8wumn8ghj7mn0wd68ytnhd9hx2qpqyaul8k059377u9lsu67de7y637w4jtgeuwcmh5n7788l6xnlnrgssuy4zk , nostr:nprofile1qy28wue69uhnzvpwxqhrqt33xgmn5dfsx5cqz9thwden5te0v4jx2m3wdehhxarj9ekxzmnyqqswavgevxe9gs43vwylumr7h656mu9vxmw4j6qkafc3nefphzpph8ssvcgf8 , and more.
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🧾 Vendors & Project Booths – Explore new tools and services
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🔐 Onboarding Stations – Learn how to use Nostr hands-on
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🐦 Nostrich Flocking – Meet your favorite nyms IRL
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🍸 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.
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@ 9ca447d2:fbf5a36d
2025-05-23 07:01:47Ed Suman, a 67-year-old retired artist who helped create large sculptures like Jeff Koons’ Balloon Dog, reportedly lost his entire life savings — over $2M in digital assets — in a sophisticated scam.
The incident is believed to be tied to the major data breach at Coinbase, one of the world’s largest digital asset exchanges.
Suman’s story is part of a bigger wave of attacks on digital asset holders using stolen personal info, and has triggered lawsuits, regulatory concerns and questions about digital security in the Bitcoin space.
In March 2025, Suman got a text message about suspicious activity on his Coinbase account. After Suman reported he was unaware of any unauthorized activity regarding his account, he got a call from a man who introduced himself as Brett Miller from Coinbase Security.
The guy sounded legit — he knew Suman’s setup, including that he used a Trezor Model One hardware wallet, a device meant to keep bitcoin and other digital assets offline and safe.
Suman told Bloomberg the guy knew everything, including the exact amount of digital assets he had.
The attacker persuaded Suman that his Trezor One hardware wallet and its funds were at risk and walked him through a “security procedure” that involved entering his seed phrase into a website that looked exactly like Coinbase, in order to “link his wallet to Coinbase”.
Nine days later, another guy called and repeated the process, saying the first one didn’t work.
And then, all of Suman’s digital assets — 17.5 bitcoin and 225 ether — were gone. At the time, bitcoin was around $103,000 and ether around $2,500, so the stolen stash was worth over $2 million.
Suman turned to digital assets after retiring from a decades-long art career. He stored his assets in cold storage to avoid the risks of online exchanges. He thought he did everything right.
Suman’s attackers didn’t pick his name out of a hat.
It looks like his personal info may have been leaked in the major breach at Coinbase. The company confirmed on May 15 that some of its customer service reps in India were bribed to access internal systems and steal customer data.
The stolen data included names, phone numbers, email addresses, balances and partial Social Security numbers.
According to Coinbase’s filing with the U.S. Securities and Exchange Commission, the breach may have started as early as January and affected nearly 1% of the company’s active monthly users — tens of thousands of people.
Hackers demanded $20M from Coinbase to keep the breach quiet but the company refused to pay. Coinbase says it fired the compromised agents and is setting aside $180M to $400M to reimburse affected users.
But so far, Suman hasn’t been told if he’ll be reimbursed.
Since the breach was disclosed, Coinbase has been hit with at least six lawsuits.
The lawsuits claim the company failed to protect user data and handled the aftermath poorly. One lawsuit filed in New York federal court on May 16 says Coinbase’s response was “inadequate, fragmented, and delayed.”
“Users were not promptly or fully informed of the compromise,” the complaint states, “and Coinbase did not immediately take meaningful steps to mitigate further harm.”
Some lawsuits are seeking damages, others are asking Coinbase to purge user data and improve its security. Coinbase has not commented on the lawsuits but pointed reporters to a blog post about its response.
Suman’s case is a cautionary tale across the Bitcoin world. He used a hardware wallet (considered the gold standard of Bitcoin security) and was still tricked through social engineering. Even the strongest security is useless if you don’t understand how Bitcoin works.
It’s never too early for Bitcoiners to start learning more about Bitcoin, especially on how to keep their stash safe. And the first lesson is “never ever share your seed phrase with anyone”.
Related: Bitcoin Hardware Wallet Hacks: What You Need to Know
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@ 9bde4214:06ca052b
2025-04-22 18:13:37"It's gonna be permissionless or hell."
Gigi and gzuuus are vibing towards dystopia.
Books & articles mentioned:
- AI 2027
- DVMs were a mistake
- Careless People by Sarah Wynn-Williams
- Takedown by Laila michelwait
- The Ultimate Resource by Julian L. Simon
- Harry Potter by J.K. Rowling
- Momo by Michael Ende
In this dialogue:
- Pablo's Roo Setup
- Tech Hype Cycles
- AI 2027
- Prompt injection and other attacks
- Goose and DVMCP
- Cursor vs Roo Code
- Staying in control thanks to Amber and signing delegation
- Is YOLO mode here to stay?
- What agents to trust?
- What MCP tools to trust?
- What code snippets to trust?
- Everyone will run into the issues of trust and micropayments
- Nostr solves Web of Trust & micropayments natively
- Minimalistic & open usually wins
- DVMCP exists thanks to Totem
- Relays as Tamagochis
- Agents aren't nostr experts, at least not right now
- Fix a mistake once & it's fixed forever
- Giving long-term memory to LLMs
- RAG Databases signed by domain experts
- Human-agent hybrids & Chess
- Nostr beating heart
- Pluggable context & experts
- "You never need an API key for anything"
- Sats and social signaling
- Difficulty-adjusted PoW as a rare-limiting mechanism
- Certificate authorities and centralization
- No solutions to policing speech!
- OAuth and how it centralized
- Login with nostr
- Closed vs open-source models
- Tiny models vs large models
- The minions protocol (Stanford paper)
- Generalist models vs specialized models
- Local compute & encrypted queries
- Blinded compute
- "In the eyes of the state, agents aren't people"
- Agents need identity and money; nostr provides both
- "It's gonna be permissionless or hell"
- We already have marketplaces for MCP stuff, code snippets, and other things
- Most great stuff came from marketplaces (browsers, games, etc)
- Zapstore shows that this is already working
- At scale, central control never works. There's plenty scams and viruses in the app stores.
- Using nostr to archive your user-generated content
- HAVEN, blossom, novia
- The switcharoo from advertisements to training data
- What is Truth?
- What is Real?
- "We're vibing into dystopia"
- Who should be the arbiter of Truth?
- First Amendment & why the Logos is sacred
- Silicon Valley AI bros arrogantly dismiss wisdom and philosophy
- Suicide rates & the meaning crisis
- Are LLMs symbiotic or parasitic?
- The Amish got it right
- Are we gonna make it?
- Careless People by Sarah Wynn-Williams
- Takedown by Laila michelwait
- Harry Potter dementors & Momo's time thieves
- Facebook & Google as non-human (superhuman) agents
- Zapping as a conscious action
- Privacy and the internet
- Plausible deniability thanks to generative models
- Google glasses, glassholes, and Meta's Ray Ben's
- People crave realness
- Bitcoin is the realest money we ever had
- Nostr allows for real and honest expression
- How do we find out what's real?
- Constraints, policing, and chilling effects
- Jesus' plans for DVMCP
- Hzrd's article on how DVMs are broken (DVMs were a mistake)
- Don't believe the hype
- DVMs pre-date MCP tools
- Data Vending Machines were supposed to be stupid: put coin in, get stuff out.
- Self-healing vibe-coding
- IP addresses as scarce assets
- Atomic swaps and the ASS protocol
- More marketplaces, less silos
- The intensity of #SovEng and the last 6 weeks
- If you can vibe-code everything, why build anything?
- Time, the ultimate resource
- What are the LLMs allowed to think?
- Natural language interfaces are inherently dialogical
- Sovereign Engineering is dialogical too
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@ a8d1560d:3fec7a08
2025-05-19 17:28:05NIP-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:
- Format instability – No declared format per event led to breaking changes (e.g. a shift from Markdown to Asciidoc).
- 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 DefinitionDefines 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
– ArticleAn 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
– RedirectRedirects from one article title to another within the same space.
Tags: -
["space", "<slug>"]
-["from", "<old title>"]
-["to", "<new title>"]
Content: empty.
kind: 31058
– Merge RequestProposes 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 viaprev
. - MAY support diff/merge tooling forkind: 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.
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@ 9ca447d2:fbf5a36d
2025-05-23 07:01:46JPMorgan Chase, the biggest bank in the U.S., is now allowing its clients to buy bitcoin — a big change of heart for an institution whose CEO, Jamie Dimon, has been a long-time critic of the scarce digital asset.
Dimon made the announcement on the bank’s investor day, which came as a shift in JPMorgan’s approach to digital assets. “We are going to allow you to buy it,” he said. “We’re not going to custody it. We’re going to put it in statements for clients.”
That means clients can buy BTC through JPMorgan but the bank won’t hold or store the digital asset. Instead it will provide access and include the BTC purchases in client statements.
According to multiple reports and posts, JPMorgan has been blocking transactions from digital asset exchanges, with several people complaining about their experience on social media.
There is even an official notice on the company’s UK website that explicitly says customers cannot use their funds to purchase digital assets.
JPMorgan Chase UK website — Source
It’s a big change because Dimon has been one of Bitcoin’s biggest critics. Over the years he’s called it “worthless”, a “fraud” and even compared it to a “pet rock”.
He’s repeatedly expressed concern over digital assets’ use in illegal activities such as money laundering, terrorism, sex trafficking and tax evasion. A role that his critics say the U.S. dollar is playing on a much larger scale.
Related: Jamie Dimon Would “Close Down” Bitcoin If He Had Government Role
“The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance,” he told lawmakers during a Senate hearing in 2023. At the 2024 World Economic Forum in Davos, he doubled down, “Bitcoin does nothing. I call it the pet rock.”
Despite his personal views, Dimon says the bank is responding to client demand. “I don’t think you should smoke, but I defend your right to smoke,” he said. “I defend your right to buy bitcoin.”
It’s worth noting JPMorgan isn’t fully embracing digital assets. The bank won’t be offering direct custody services or launching its own exchange.
Instead, it’s offering access to digital asset exchanges. There are even reports that the bank also plans to facilitate access to bitcoin ETFs and possibly other investment vehicles. Until recently, JPMorgan had limited its bitcoin exposure to futures-based products.
Other big financial firms have already taken similar steps.
Morgan Stanley, for example, has been offering some clients access to bitcoin ETFs since August 2024. Its CEO, Ted Pick, said earlier this year that the firm is working closely with regulators to explore ways to get into the digital assets space.
Dimon does like blockchain, though — the technology that underpins it. JPMorgan has its own blockchain projects including JPM Coin and recently ran a test transaction on a public blockchain of tokenized U.S. Treasuries.
Many criticize this view, saying that the most powerful aspect of Bitcoin is its decentralization. So, a centralized blockchain is just useless. This might be the reason Dimon has grown weary of all JPMorgan’s blockchain initiatives, because they offered nothing of value.
He said he might have given blockchain too much credit during his investor day comments: “We have been talking about blockchain for 12 to 15 years,” he said. “We spend too much on it. It doesn’t matter as much as you all think.”
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@ 000002de:c05780a7
2025-05-22 20:50:21I'm mostly curious about how Tapper can do this with a straight face.
https://stacker.news/items/986926
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@ 9ca447d2:fbf5a36d
2025-05-23 07:01:44Blackstone, the world’s largest alternative asset manager, has entered the Bitcoin space with a $1.08 million investment in BlackRock’s Bitcoin ETF. This is a big deal for both Wall Street and the Bitcoin world.
Blackstone has made its first direct investment in bitcoin through regulated financial products. A May 20, 2025, SEC filing revealed that the firm purchased 23,094 shares of the iShares Bitcoin Trust (IBIT), BlackRock’s spot Bitcoin exchange-traded fund (ETF).
BlackStone has bought 23,094 shares of BlackRock’s IBIT — SEC
While $1.08 million is a small drop in the bucket compared to Blackstone’s $1.2 trillion in assets under management, this is a big deal for the private equity giant which has been skeptical of bitcoin in the past.
In 2019, the company’s CEO, Steve Schwarzman, said he didn’t understand Bitcoin. “I was raised in a world where someone needs to control currencies,” he said, admitting he struggled to understand the technology.
Fast forward to 2025, and it is now one of the many institutional investors taking bitcoin seriously — but doing so through cautious, regulated channels.
The investment was made through Blackstone’s $2.63 billion Alternative Multi-Strategy Fund (BTMIX), which invests in a wide range of financial instruments.
Instead of buying bitcoin directly, Blackstone chose to get exposure through a bitcoin ETF — which is how many large institutions are approaching the digital asset. Spot Bitcoin ETFs like IBIT allow investors to track the price of bitcoin without having to hold the digital asset itself.
There are several advantages to this approach. ETFs trade like stocks, are regulated by the SEC and take care of complex issues like custody and compliance. This makes them more attractive for firms that are new to Bitcoin or still wary of the risks.
Related: Bitcoin ETFs Provide Convenient Price Exposure, But At What Cost?
Blackstone’s choice of a bitcoin ETF shows how effective these products are at connecting traditional finance to the digital age.
In addition to IBIT, Blackstone also disclosed smaller investments in two other digital-asset-related companies:
- 9,889 shares of the ProShares Bitcoin Strategy ETF (BITO), valued at about $181,166.
- 4,300 shares of Bitcoin Depot Inc. (BTM), a bitcoin ATM operator, worth approximately $6,300.
Together, these are a tiny fraction of Blackstone’s portfolio but show growing interest and exploration into the space.
Since its launch in January 2024, BlackRock’s IBIT ETF has become the top-performing Bitcoin ETF in the U.S. As of mid-May 2025, the fund has seen over $46.1 billion in net inflows with no outflows since early April.
IBIT is ahead of other major ETFs like Fidelity’s FBTC and ARK’s 21Shares Bitcoin ETF.
But the trend is clear: big firms are getting comfortable with regulated bitcoin products. Industry insiders see Blackstone’s move as part of a broader shift in institutional sentiment towards bitcoin.
This is a small investment but it matters because of who is making it. Blackstone is known for being conservative and risk-averse.
Its decision to put even a tiny amount of capital into Bitcoin ETFs means tradfi companies are getting more confident in bitcoin as an asset class. Blackstone is dipping its toe in the water, and even a small step is significant given its size and influence.
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@ eb0157af:77ab6c55
2025-05-23 07:01:38A group of users has filed a class action lawsuit against Coinbase, claiming that its identity verification checks violate the state’s biometric privacy law.
According to plaintiffs Scott Bernstein, Gina Greeder, and James Lonergan in the lawsuit filed on May 13 in a federal court, Coinbase’s “indiscriminate collection” of facial biometric data for Know Your Customer (KYC) requirements breaches Illinois’ Biometric Information Privacy Act (BIPA).
The group argued that the exchange failed to notify users in writing about the collection, storage, or sharing of their biometric data, as well as the purpose and retention schedule for such data. “Coinbase does not publicly provide a retention schedule or guidelines for permanently destroying Plaintiffs’ biometric identifiers as specified by BIPA,” they alleged.
The complaint claims that Coinbase requires users to verify their identity by uploading a government-issued ID and a selfie, which is then sent to third-party facial recognition software to scan and extract facial geometry. This process captures biometric identifiers without the users’ informed written consent, thus violating BIPA, according to the lawsuit.
Additionally, the group alleged that Coinbase unlawfully shared biometric data with third-party verification providers such as Jumio, Onfido, Au10tix, and Solaris without users’ consent. “Coinbase ‘obtains’ biometric data in violation of [BIPA] because it explicitly directed the Third Party Verification Providers to use its software to verify and authenticate users, including Plaintiffs, and its software does so by collecting biometric data,” the complaint read.
The group also stated that over 10,000 individuals have filed arbitration demands on these issues with the American Arbitration Association, but Coinbase allegedly refused to pay the required arbitration fees, causing the claims to be dismissed.
Legal demands
The lawsuit brings three counts of biometric privacy law violations and one count of consumer fraud under the Illinois Consumer Fraud and Deceptive Business Practices Act. The group seeks $5,000 for each intentional or reckless violation, $1,000 for each negligent violation, along with injunctive relief and litigation costs.
Coinbase was also recently hit by at least six lawsuits following the May 15 disclosure that some of its customer support agents were allegedly bribed to leak user data.
The post Lawsuit against Coinbase for biometric privacy violations in Illinois appeared first on Atlas21.
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@ 9c9d2765:16f8c2c2
2025-05-23 06:10:53CHAPTER TWENTY SIX
"The streets teach you a lot. It teaches you how to survive, how to fight, how to bend the world to your will. But there’s something else it teaches you how to rise above the petty battles and claim the empire that’s rightfully yours."
Just then, the door opened again, and Charles entered, his usual calm demeanor replaced with a rare air of urgency.
"James," he said, his voice serious. "There’s something you need to know. The press is getting more aggressive. They’ve caught wind of your plans, and they’re pushing for an exclusive interview. They want the story of how you rose from nothing to everything. It’s becoming a media frenzy."
James didn’t flinch. His eyes remained steady as he absorbed the news.
"Let them come," he said. "They can write whatever they want. Let the world see how I turned my destiny around. But they’ll never write the full story. They’ll never know the price I paid to get here."
Charles raised an eyebrow, impressed by James’s unshakable resolve. "And what about Mark and Helen?"
James’s expression darkened, the calm facade cracking just enough to reveal the fire beneath. "They’ll face the consequences of their actions. And I’ll make sure they do."
Rita stepped forward, her tone soft yet firm. "But there’s still a part of you that wants more than just their downfall. You want to rebuild this company, don’t you?"
James glanced at her, his eyes hardening.
"Rebuilding is just the beginning," he replied. "I didn’t fight for what’s mine just to watch it crumble. JP Enterprises will become something greater. Something unbreakable. A legacy that no one can touch, no one can tarnish."
The sound of footsteps echoed through the hallway, and moments later, Mrs. JP entered the room. There was a subtle weight in her posture, but also a sense of pride in her eyes.
"You’ve handled this situation with strength and wisdom, James," she said, her voice full of warmth. "Your father and I could never be prouder. You’ve surpassed every expectation we ever had."
James met her gaze and nodded. "Thank you. But this isn’t just about your approval. It’s about proving to myself in the world that I’m not the man I was before. I’m the man I’ve chosen to be."
Mrs. JP smiled, her eyes softening. "And you’ve become that man with grace. You’ve earned everything that’s come your way."
James’s gaze lingered for a moment before he spoke again. "It’s not over yet. There’s still work to be done. We have to ensure that JP Enterprises remains strong, remains untouchable. This is just the first step."
Charles exchanged a knowing look with Rita, then turned back to James. "We’re with you, every step of the way."
The room fell into a brief, heavy silence. Outside, the city continued to hum, indifferent to the dramatic shifts taking place within the walls of JP Enterprises. But James knew that the storm was far from over. He had won the battle, but the war was only just beginning.
As he looked around at the people who now stood by him, he realized that this victory was more than just personal; it was a turning point for the entire legacy of the JP name.
"James, how does it feel to be the talk of an entire city?" Charles asked, leaning against the polished oak desk in James’s expansive office.
James stood by the window, his hands clasped behind his back, watching the sun descend beyond the city skyline. The room was silent for a moment, filled only with the distant hum of the city below.
"It feels... inevitable," James replied, his tone calm but layered with meaning. "People always talk when someone they counted out rewrites the rules of the game."
Charles chuckled lightly, walking over to pour himself a glass of water. "Well, you haven’t just rewritten the rules, James. You’ve rewritten the entire playbook."
James turned, a shadow of a smile on his face. "And yet, some still believe they can undermine me. Manipulate the truth. Twist it until the entire narrative collapses."
Just then, Rita entered, holding a folder tightly in her hands. There was tension in her posture, controlled, but evident.
"You need to see this," she said, handing James the folder. "It's an internal memo that was intercepted. Apparently, Mark and Helen aren’t done. They’ve secured a secret meeting with a major competitor Wellington Holdings."
James flipped through the documents, his eyes narrowing. "Wellington? So, they’ve moved from sabotage to outright betrayal.
"They’re desperate," Rita added. "Their reputations are in ruins, and with the public backlash after the failed stunt at the anniversary, they’re looking for anything to reclaim their influence."
James’s jaw tightened. "Let them try. I’ve weathered storms far greater than the games of disgraced traitors."
Rita hesitated before continuing. "There’s more. Tracy’s gone quiet. She’s removed all traces of her involvement. But I have reason to believe she’s still communicating with Helen... through an encrypted channel."
James closed the folder and walked slowly to his desk. His movements were deliberate, filled with the confidence of someone who had faced betrayal before and emerged stronger.
"Then it’s time we end this," he said. "Not with anger. Not with revenge. But with undeniable, irreversible justice."
He looked up at Charles and Rita. "I want full surveillance on Wellington. Legal is to prepare a formal complaint if they attempt to interfere with any JP enterprise contract. And I want every associate of Mark and Helen cross-checked. If there’s even a whisper of conspiracy, I want it recorded."
Charles nodded. "Consider it done. We’ll strike with precision."
As they left the room to carry out their tasks, James sat behind his desk, momentarily still. His mind drifted to the days when he had nothing, no name, no wealth, no influence. How far he had come. And yet, how familiar the shadows still felt.
Later that evening, as the city lights glowed brighter, a new headline took over the news:
“JP Enterprises President Set to Announce Major Expansion, Exclusive Projects to Redefine the City’s Economic Landscape.”
It wasn’t about the slander anymore. It wasn’t about revenge. It was about legacy.
The silence in Mark’s penthouse was nearly deafening. Once a space of elite grandeur and sophisticated indulgence, it now felt hollow like the echo of a reputation lost. Mark sat slouched on his couch, the flickering television casting shadows across his unshaven face. He clenched a glass of scotch, half-empty, its contents trembling ever so slightly with each beat of his agitated heart.
The news was relentless. Story after story painted him in a less-than-flattering light. What had once been a carefully crafted image of charm and corporate poise had been shredded by public disgrace. And now, the city wasn’t just ignoring him, they were laughing at him.
“This can’t be it,” he muttered under his breath, his voice raspy. “It can’t end like this.”
Just then, Helen burst into the room. Her heels clicked loudly on the marble floor, a sharp contrast to the dull haze Mark had wrapped himself in. She threw a tabloid magazine onto the coffee table. The headline screamed at them:
“Ray Empire Architect of Scandal: Helen Ray and Ex-Exec Mark Linked to Fraud, Defamation and Bribery.”
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@ e17e9a18:66d67a6b
2025-05-19 11:46:09We wrote this album to explain the inspiration behind Mutiny Brewing, and as a way to share the story of Bitcoin and freedom technologies like nostr. Through these songs, we’ve tried to capture every truth that we believe is essential to understand about money, freedom, trust, and human connection in the internet age. It’s our way of making these ideas real and relatable, and we hope it helps others see the power of taking control of their future through the systems we use.
01. "Tomorrow's Prices on Yesterday's Wage" explores the harsh reality of inflation. As central banks inflate the money supply, prices rise faster than wages, leaving us constantly falling behind. People, expecting prices to keep climbing, borrow more to buy sooner, pushing prices even higher in a vicious cycle. You're always a step behind, forced to pay tomorrow's inflated prices with yesterday's stagnant wages.
https://wavlake.com/track/76a6cd02-e876-4a37-b093-1fe919e9eabe
02. "Everybody Works For The Bank" "Everybody Works For The Bank" exposes the hidden truth behind our fiat money system.
When banks issue loans, they don’t lend existing money — they create new money from debt. You’re on the hook for the principal and the interest. But the interest doesn’t exist yet — it has to come from someone else borrowing. That means the system only works if debt keeps growing.
When it doesn’t, the whole thing wobbles. Governments step in to bail out the banks by printing more money, and that cost doesn’t vanish. It shows up in your taxes, your savings, and your grocery bill.
We’re not just working to pay our own debts, we’re paying for their losses too.
https://wavlake.com/track/4d94cb4b-ff3b-4423-be6a-03e0be8177d6
03. "Let My People Go" references Moses' demand for freedom but directly draws from Proverbs 6:1–5, exposing the danger of debt based money. Every dollar you hold is actually someone else's debt, making you personally liable—held in the hand of your debtor and at risk of their losses, which you ultimately pay for through inflation or higher taxes. As the song says, "The more you try to save it up, the deeper in you get." The wisdom of Proverbs urges immediate action, pleading urgently to escape this trap and free yourself, like a gazelle from a hunter.
https://wavlake.com/track/76214ff1-f8fd-45b0-a677-d9c285b1e7d6
04. "Mutiny Brewing" embodies Friedrich Hayek's insight: "I don't believe we shall ever have good money again before we take it out of the hands of government... we can't take it violently... all we can do is by some sly roundabout way introduce something they can't stop."
Inspired also by the Cypherpunk manifesto's rallying cry, "We will write the code", the song celebrates Bitcoin as exactly that unstoppable solution.
"Not here to break ya, just here to create our own little world where we determine our fate." https://wavlake.com/track/ba767fc8-6afc-4b0d-be64-259b340432f3
05. "Invisible Wealth" is inspired by The Sovereign Individual, a groundbreaking 1990s book that predicted the rise of digital money and explores how the return on violence shaped civilizations. The song references humanity's vulnerability since agriculture began—where stored wealth attracted violence, forcing reliance on larger governments for protection.
Today, digital privacy enabled by cryptography fundamentally changes this dynamic. When wealth is stored privately, secured by cryptographic keys, violence becomes ineffective. As the song emphasizes, "You can't bomb what you can't see." Cryptography dismantles traditional power structures, providing individuals true financial security, privacy, and freedom from exploitation.
“Violence is useless against cryptography” https://wavlake.com/track/648da3cc-d58c-4049-abe0-d22f9e61fef0
06. "Run A Node" is a rallying cry for Bitcoin's decentralisation. At its heart, it's about personal verification and choice: every node is a vote, every check’s a voice. By running the code yourself, you enforce the rules you choose to follow. This is true digital democracy. When everyone participates, there's no room for collusion, and authority comes directly from transparent code rather than blind trust.
"Check the blocks, verify, ain't that hard to do When everyone's got eyes on it, can't slip nothin' throgh." https://wavlake.com/track/ee11362b-2e84-4631-b05e-df6d8e6797f8
07. "Leverage is a Liar" warns against gambling with your wealth, but beneath the surface, it's a sharp critique of fractional reserve banking. Fractional reserves inflate asset prices, creating the illusion of wealth built on leverage. This system isn't sustainable and inevitably leads to collapse. Real wealth requires sound money, money that can't be inflated. Trying to gain more through leverage only feeds the lie.
"Watch it burn higher and higher—leverage is a liar." https://wavlake.com/track/67f9c39c-c5e1-4e15-b171-f1f5442f29a5
08. "Don't Get Rekt" serves as a stark warning about trusting custodians with your Bitcoin. Highlighting infamous collapses like Mt.Gox, Celsius, and FTX. These modern failures echo the 1933 Executive Order 6102, where the US government forcibly seized citizens' gold, banned its use, and then promptly devalued the currency exchanged for it. History shows clearly: trusting others with your wealth means risking losing it all.
"Your keys, your life, don't forget." https://wavlake.com/track/fbd9b46d-56fc-4496-bc4b-71dec2043705
09. "One Language" critiques the thousands of cryptocurrencies claiming to be revolutionary. Like languages, while anyone can invent one, getting people to actually use it is another story. Most of these cryptos are just affinity scams, centralized towers built on shaky foundations. Drawing from The Bitcoin Standard, the song argues money naturally gravitates toward a single unit, a universal language understood by all. When the dust settles, only genuine, decentralized currency remains.
"One voice speaking loud and clear, the rest will disappear." https://wavlake.com/track/22fb4705-9a01-4f65-9b68-7e8a77406a16
10. "Key To Life" is an anthem dedicated to nostr, the permissionless, unstoppable internet identity protocol. Unlike mainstream social media’s walled gardens, nostr places your identity securely in a cryptographic key, allowing you total control. Every message or action you sign proves authenticity, verifiable by anyone. This ensures censorship resistant communication, crucial for decentralised coordination around Bitcoin, keeping it free from centralised control.
"I got the key that sets me free—my truth is mine, authentically." https://wavlake.com/track/0d702284-88d2-4d3a-9059-960cc9286d3f
11. "Web Of Trust" celebrates genuine human connections built through protocols like nostr, free from corporate algorithms and their manipulative agendas. Instead of top down control, it champions grassroots sharing of information among trusted peers, ensuring truth and authenticity rise naturally. It's about reclaiming our digital lives, building real communities where trust isn't manufactured by machines, but created by people.
"My filter, my future, my choice to make, real connections no one can fake." https://wavlake.com/track/b383d4e2-feba-4d63-b9f6-10382683b54b
12. "Proof Of Work" is an anthem for fair value creation. In Bitcoin, new money is earned through real work, computing power and electricity spent to secure the network. No shortcuts, no favourites. It's a system grounded in natural law: you reap what you sow. Unlike fiat money, which rewards those closest to power and the printing press, Proof of Work ensures rewards flow to those who put in the effort. Paper castles built on easy money will crumble, but real work builds lasting worth.
"Real work makes real worth, that's the law of this earth." https://wavlake.com/track/01bb7327-0e77-490b-9985-b5ff4d4fdcfc
13. "Stay Humble" is a reminder that true wealth isn’t measured in coins or possessions. It’s grounded in the truth that a man’s life does not consist in the abundance of his possessions. Real wealth is the freedom to use your life and time for what is good and meaningful. When you let go of the obsession with numbers, you make room for gratitude, purpose, and peace. It's not about counting coins, it's about counting your blessings.
"Real wealth ain't what you own, it's gratitude that sets the tone." https://wavlake.com/track/3fdb2e9b-2f52-4def-a8c5-c6b3ee1cd194
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@ d9e9fb27:d5fe5e1a
2025-04-22 01:29:16"There are two pillars in Costa Rica, education and coffee." A tourist guide I met told me this, and during the trip I discovered the strong link between coffee and the locals.
In fact, coffee runs very deeply in the Ticos' culture. So deep that the summer vacations from school (November to January) coincide with the coffee collection season. Children had to help their parents with the coffee. Coffee was a family business.
Monteverde, in the region of Puentarenas, is one of those places where coffee ha always been a corner stone of the society. Here, My gf and I went to visit a coffee plantation and discovered how coffee is made.
Monteverde
Monteverde is a well-known turistic location in the central part of Costa Rica. Many people reach this beautiful place to visit the famous Cloud Rainforest, acres and acres of pristine forest, with many different kind of animals and plants living in it.
However, other than tourism is coffee that pushes the economy of this place. The hills around the town are covered with coffee plantations and there are tours than try to explain how coffee is made.
Coffee Tours
While we were in Monteverde, we joined one of these tours. We decided to give credit to a smaller plantation instead of the super turistic ones. A more rustic and family-owned business, El Pueblo Coffee Tour. We were not disappointed. We had the show all to ourselves, a super-prepared guide and all the time to make questions and enjoy with no rush.
The Plant of Coffee
Since Costa Rica is a quite small country, to compete on the market producers decided to bet on quality instead of quantity. That's why, the only type produced here is the Arabica.
Before the coffee bean, the plant produces a nice white flower, similar to the jasmine.
After a while, the coffee beans appear.
As soon as they turn red, they are ready to be collected.
Interesting fact: between the coffee plants many fruit trees like mangos or bananos can be found. In fact, those plants help keep the soil fertile and healthy, thus leading to a higher coffee quality!
Coffee Harvesting
Coffee is still harvested by hand. Beans do not get mature at the same time, so manual labor is needed. Laborer use a very simple tool to collect coffee, one which allow them to have both hands free.
Workers do not get paid by hours, but by the number of cajuelas that they can fill. A cajuela is a standard box, which contains around 13kg of beans. It's divided into quarters, so that the worker can get paid for the quarter, too.
Each cajuela is paid around 3.50$.
Coffee Drying
In the farm we visited, drying was perfomed naturally, through the heat of the sun. There are three ways in which the bean is left to dry: lavado, miel and naturàl.
- Lavado: The beans are peeled and washed to remove the jelly.
- Miel: The jelly on the beans is maintained to give it more sweet flavour.
- Naturàl: The bean is left to dry with its peel on, to give it a more fruity taste.
Back in the days, to peel the beans for the lavado and the miel variety, the pìlon was used. The bean is very hard, thus this tool does not damage it.
However, today the peeling procedure is done using a machine.
Coffee Roasting
The last step in the production of coffee is roasting. Coffee is put inside a sort of hoven, and is left there at high temperature according to the level of roasting that is needed. The more roasting, the less caffeine there is and the more bitter the coffee. Usually you have light, medium and dark roast.
Coffee Tasting
In the end, we also had a coffee tasting. We tried different roasting and different varieties.
Our guide explained us the best way to taste coffee and helped us defining the different flavours that we perceived. He also taught us the best way to prepare it: infusion time, water temperature, coffe makers and so on.
My favorite one was the dark one, while my gf enjoyed the light roast more. Of course, we bought some packs of these varieties!
Thanks for tuning in!
I hope you enjoyed this brief overview of the Costa Rican coffee.
Pura Vida
Tuma
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@ 45bda953:bc1e518e
2025-05-19 09:49:40This post will be edited and refined over time.
Eschatology is the study of Biblical prophecy pertaining to what is commonly referred to as the end times. Bitcoin is the transformation of Austrian school economics theory into an efficient and applicable method driven by natural incentives and free market consensus mechanisms.
What happens when eschatology is viewed through a Bitcoin inspired world view?
In this thesis I contend that it is possible and very probable that the consequences of what Satoshi Nakamoto created in Bitcoin and the prophecies surrounding Jesus Christ with regards to the second coming and a thousand year kingdom of peace and prosperity convalesce into a very compelling argument for Biblical prophecy fulfilment.
...
No one would argue that modern major banks are today more powerful than kings of old and governments are mere puppets to the sway that the banking empires hold over them.
In Biblical prophecy when kings and powers are mentioned people rarely think of banking but nothing is comparable to the immense scale of wealth, power and territory controlled directly or indirectly by banks.
IMF, BIS, the FED and Blackrock are where the levers of power are pulled in the current dispensation. Governments restructure more frequently than these institutions whom endure and exercise unmerited influence over said governments and the public interests they claim to represent.
An excerpt from the King James Bible, Daniel chapter 2 describes prophetically the ages of man and its rotations of power.
Interesting to note that it is symbolically portrayed in monetary/industrial metals. All used as tokens for trade, symbols of wealth and manufacture.
Gold, silver, bronze, iron and clay. Gold has been a dominant symbol of power and wealth through millennia. Silver, brass and iron ores are mainly industrial metals although they all had prominent turns as coinage. Due to the debasement and concentration of gold specifically.
Clay on the other hand is only a symbol of power in construction and iron has never been used in construction to the extent it is in the 20th and 21st century. Skyscrapers are the symbols of money and power today, i.e. big bank and government buildings.
Daniel Chapter 2:24–45
24Therefore Daniel went to Arioch, whom the king had appointed to destroy the wise men of Babylon. He went and said thus to him: “Do not destroy the wise men of Babylon; take me before the king, and I will tell the king the interpretation.”
25Then Arioch quickly brought Daniel before the king, and said thus to him, “I have found a man of the captives of Judah, who will make known to the king the interpretation.”
26The king answered and said to Daniel, whose name was Belteshazzar, “Are you able to make known to me the dream which I have seen, and its interpretation?”
27Daniel answered in the presence of the king, and said, “The secret which the king has demanded, the wise men, the astrologers, the magicians, and the soothsayers cannot declare to the king. 28But there is a God in heaven who reveals secrets, and He has made known to King Nebuchadnezzar what will be in the latter days. Your dream, and the visions of your head upon your bed, were these: 29As for you, O king, thoughts came to your mind while on your bed, about what would come to pass after this; and He who reveals secrets has made known to you what will be. 30But as for me, this secret has not been revealed to me because I have more wisdom than anyone living, but for our sakes who make known the interpretation to the king, and that you may know the thoughts of your heart.
31“You, O king, were watching; and behold, a great image! This great image, whose splendor was excellent, stood before you; and its form was awesome. 32This image’s head was of fine gold, its chest and arms of silver, its belly and thighs of bronze, 33its legs of iron, its feet partly of iron and partly of clay. 34You watched while a stone was cut out without hands, which struck the image on its feet of iron and clay, and broke them in pieces. 35Then the iron, the clay, the bronze, the silver, and the gold were crushed together, and became like chaff from the summer threshing floors; the wind carried them away so that no trace of them was found. And the stone that struck the image became a great mountain and filled the whole earth.
36“This is the dream. Now we will tell the interpretation of it before the king. 37You, O king, are a king of kings. For the God of heaven has given you a kingdom, power, strength, and glory; 38and wherever the children of men dwell, or the beasts of the field and the birds of the heaven, He has given them into your hand, and has made you ruler over them all — you are this head of gold. 39But after you shall arise another kingdom inferior to yours; then another, a third kingdom of bronze, which shall rule over all the earth. 40And the fourth kingdom shall be as strong as iron, inasmuch as iron breaks in pieces and shatters everything; and like iron that crushes, that kingdom will break in pieces and crush all the others. 41Whereas you saw the feet and toes, partly of potter’s clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. 42And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. 43As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay. 44And in the days of these kings the God of heaven will set up a kingdom which shall never be destroyed; and the kingdom shall not be left to other people; it shall break in pieces and consume all these kingdoms, and it shall stand forever. 45Inasmuch as you saw that the stone was cut out of the mountain without hands, and that it broke in pieces the iron, the bronze, the clay, the silver, and the gold — the great God has made known to the king what will come to pass after this. The dream is certain, and its interpretation is sure.”
I speculate that the toes of iron and clay represent the world banking empire. Skyscrapers are constructed from iron and cement. Different forms of clay is a necessary cement ingredient. Architecture has always been used as a symbol of dominance by rulers especially true of systems who use awe as a means to cause feelings of insignificance in the individual thereby asserting their power at low cost. Ironically it never costs the ruler to create these structures, the cost is always carried by the people in time, resources and energy.
Skyscrapers and large construction are the modern symbols of money and power. Not so much kings, palaces and temples. The stone breaking the power of the statue has to break something contemporary other than kings and palaces if it is to be eschatological prophecy fulfilled in our time.
https://www.britannica.com/technology/cement-building-material/History-of-cement
The invention of portland cement usually is attributed to Joseph Aspdin of Leeds, Yorkshire, England, who in 1824 took out a patent for a material that was produced from a synthetic mixture of limestone and clay.
https://www.thoughtco.com/how-skyscrapers-became-possible-1991649
Later, taller and taller buildings were made possible through a series of architectural and engineering innovations, including the invention of the first process to mass-produce steel.
Construction of skyscrapers was made possible thanks to Englishman Henry Bessemer, (1856 to 1950) who invented the first process to mass-produce steel inexpensively.
You watched while a stone was cut out without hands,
No hands needed when the stone is an idea.
As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:\ — boring grey in colour\ — not a good conductor of electricity\ — not particularly strong, but not ductile or easily malleable either\ — not useful for any practical or ornamental purpose\ \ and one special, magical property:\ — can be transported over a communications channel
Greshams Law illustrated in slow motion picture.
1: The banks collapse. Being fundamentally weak because of zero reserve lending, any student of Austrian economics has been correctly predicting banking collapse, and have incorrectly been advocating gold as the solution to this collapse. Many of the big economies are valued through their housing market. Housing will be demonetised (Iron and clay economy) meaning shelter and property will become affordable to the average wage earner again. The large cement and iron structures become redundant. Everyone will work from home and a value to value economy will make banks seem like relics from an age of stupidity and evil.
2: Industrial metal iron will not be for mega structures that contain speculators and bookkeepers who have fiat jobs slaving for fiat money. Iron will be used to improve the lives of individuals. Iron as coinage is already demonetised.
3: Brass is demonetised as coinage and only valuable in industry. Ammunition, music, plumbing etcetera.
4: Silver has been a terrible money throughout history and when the silver investors wake up to the fact that they are holding onto a redundant asset with zero monetary properties compared to the alternative they will dump their holdings, crashing the silver market and subsequently reducing the prices of producing -
solder and brazing alloys, batteries, dentistry, TV screens, smart phones microwave ovens, ad infinitum. To quote Jeff Booth. "Prices always fall to the marginal cost of production."
5: The final Rubicon is gold, people get excited about the Bitcoin exchange traded funds but it is nothing compared to the value proposition when gold pundits, large investment funds, governments pension funds and reserve banks finally realise that gold is worthless as money in this new dispensation.
To illustrate the point more vividly.
Ezekiel 7:19
They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling block of their iniquity.
What we are witnessing is the biggest rug pull the world has ever seen. In this future metals will exclusively be used for industrial use cases after being stripped of their monetary premium.
This collapse is something that happens slowly over a long period of time. More or less one hour.
Revelation 18 verse 11–19 (The fall of Babylon)
And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all. The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, And cried when they saw the smoke of her burning, saying, What city is like unto this great city! And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
TLDR - No more money printer go BRRR. means death to the bourgeoisie cantillionaire class.**
Is it realistic to assume that all the worlds monetised industries collapse to fair value in one hour?
Coming back to eschatology, 2 Peter 3:8
But, beloved, be not ignorant of this one thing, that one day is with the Lord as a thousand years, and a thousand years as one day.
Eschatology students use this verse to speculatively project the fulfilment of Biblical prophecies with regards to their predicted time of occurrence. Now let’s apply this to Babylon falling in one hour.
1000 (one day) divided by 24 (hours) equals 41,6 years (one hour)
Since the first block was mined in January 2009 you add 41,6 years you get a completion date of 2050 a.d
Remember, this stone (Bitcoin) becomes a great mountain and fills the whole earth. A kingdom which shall never be destroyed; and the kingdom shall not be left to other people; it shall break in pieces and consume all these kingdoms, and it shall stand forever. The dream is certain, and its interpretation is sure.
But contemporary sources must reflect this probability if it is a good theory.
https://www.newsbtc.com/news/50-of-population-to-use-bitcoin-by-2043-if-crypto-follows-internet-adoption/
If the banking system is first to collapse we can give it +- 10 years and we are already 14 years in since (Genesis Block) the stone struck the feet. People are slow to see the reality of the world they are living in. If all this is accurate then the world banking system is doomed.
https://www.youtube.com/watch?v=exK5yFEuBsk
Regards
Echo Delta
bitbib
-
@ 9ca447d2:fbf5a36d
2025-05-23 07:01:43Austin, Texas – May 22, 2025 — Jippi, a pioneering mobile augmented reality (AR) game developer, is set to transform Bitcoin education with the launch of its flagship game at the Bitcoin Conference 2025, held at The Venetian Resort in Las Vegas from May 27-29.
In collaboration with six leading Bitcoin companies—Bitcoin Well, Beyond The Checkout, Bitcoin Trading Cards, Geyser, SHAmory, and 21M Communications—Jippi introduces an innovative blend of outdoor adventure, Bitcoin rewards, and gamified financial education designed to captivate.
At the Bitcoin Conference, Jippi’s six partners have sponsored custom “Bitcoin Beasts” tied to specific locations around The Venetian. Each sponsored Beast offers players exclusive rewards and trivia, transforming brand interactions into immersive, non-intrusive experiences.
With an expected attendance of over 30,000 at the conference, sponsors gain unparalleled exposure to a tech-savvy, Bitcoin-centric audience. Players will be rewarded 1k sats for each catch, making the total reward for catching them all 6k sats.
Jippi is redefining how young adults engage with Bitcoin by combining the thrill of location-based AR gameplay, reminiscent of Pokémon GO, with real-world bitcoin rewards (sats) and bite-sized lessons on sound money principles.
Players explore real-world locations to hunt digital creatures called Bitcoin Beasts, answering Bitcoin-related trivia to capture them and earn sats, the smallest unit of bitcoin.
The game’s seamless integration of education and entertainment makes learning about Bitcoin fun, accessible, and rewarding.
“We’re meeting Gen Z where they are—90% play mobile games, and 70% expect rewards for their time,” said Oliver Porter, Founder and CEO of Jippi.
“Jippi backdoors Bitcoin education through an immersive, reward-driven experience while offering our partners a unique branding opportunity. It’s a win-win for players, sponsors, and the Bitcoin ecosystem.”
“Jippi’s mission to gamify Bitcoin education is a game-changer for onboarding the next generation,” said Adam O’Brien, CEO of Bitcoin Well, a leading automatic self-custody Bitcoin platform and “Beast” sponsor.
“Their AR game makes learning about Bitcoin intuitive and engaging, aligning perfectly with our vision of financial empowerment. From a branding perspective, partnering with Jippi to engage and acquire new customers is a no brainer.”
In March 2025, Jippi clinched the top prize in PlebLab’s prestigious Top Builder competition, a three-month hackathon designed to spotlight innovative Bitcoin startups.
Backed by over a year of development, on-site surveys, and university testing, Jippi is a leading innovator in the Bitcoin industry looking to onboard the next generation.
Jippi invites brands, investors, and media to explore sponsorship and investment opportunities. Visit Jippi’s Partnerships Page for sponsorship details or Jippi’s Timestamp Page for investment inquiries.
For media inquiries, please contact Phil@21mcommunications.com
About Jippi
Jippi is a mobile AR gaming company dedicated to making Bitcoin education accessible and engaging. By combining location-based gameplay with bitcoin rewards and financial literacy, Jippi empowers the next generation to embrace sound money principles. Learn more at https://jippi.app.
Bitcoin Beast Sponsors
About Bitcoin Well
Beast #1 – Bitcoin Well – All bitcoin bought at Bitcoin Well are delivered directly to your personal bitcoin wallet. Your Bitcoin Well account gives you the convenience of modern banking, with the benefits of bitcoin. Join the platform that enables independence at bitcoinwell.com.
About Bitcoin Trading Cards
Beast #2 – Bitcoin Trading Cards – Bitcoin Trading Cards is bringing Bitcoin to the masses one pack at a time, making your Bitcoin journey fun and exciting for everyone.
About Beyond The Checkout
Beast #3 – Beyond The Checkout – Beyond The Checkout transforms everyday products into Bitcoin-powered experiences — rewarding customers, collecting real-time insights, and redefining post-purchase engagement.
About Geyser
Beast #4 – Geyser – Geyser is a Bitcoin-native crowdfunding platform enabling grassroots projects to raise funds via Lightning, globally and permissionlessly.
About SHAmory
Beast #5 – SHAmory – We make Bitcoin fun for all ages! Explore our bitcoin games, books, and more today at shamory.com.
About 21M Communications
Beast #6 – 21 Communications – 21 Communications helps Bitcoin companies get the media attention they deserve. As a Bitcoin-only PR Agency, 21M Comms believes Bitcoin is imperative and is committed to supporting the companies that are advancing the mission.
About Bitcoin Conference 2025
The Bitcoin Conference is the world’s largest gathering of Bitcoin enthusiasts, industry leaders, and innovators. Held annually, it showcases cutting-edge developments in the Bitcoin ecosystem. For more information, visit www.bitcoinconference.com.
-
@ 266815e0:6cd408a5
2025-04-15 06:58:14Its been a little over a year since NIP-90 was written and merged into the nips repo and its been a communication mess.
Every DVM implementation expects the inputs in slightly different formats, returns the results in mostly the same format and there are very few DVM actually running.
NIP-90 is overloaded
Why does a request for text translation and creating bitcoin OP_RETURNs share the same input
i
tag? and why is there anoutput
tag on requests when only one of them will return an output?Each DVM request kind is for requesting completely different types of compute with diffrent input and output requirements, but they are all using the same spec that has 4 different types of inputs (
text
,url
,event
,job
) and an undefined number ofoutput
types.Let me show a few random DVM requests and responses I found on
wss://relay.damus.io
to demonstrate what I mean:This is a request to translate an event to English
json { "kind": 5002, "content": "", "tags": [ // NIP-90 says there can be multiple inputs, so how would a DVM handle translatting multiple events at once? [ "i", "<event-id>", "event" ], [ "param", "language", "en" ], // What other type of output would text translations be? image/jpeg? [ "output", "text/plain" ], // Do we really need to define relays? cant the DVM respond on the relays it saw the request on? [ "relays", "wss://relay.unknown.cloud/", "wss://nos.lol/" ] ] }
This is a request to generate text using an LLM model
json { "kind": 5050, // Why is the content empty? wouldn't it be better to have the prompt in the content? "content": "", "tags": [ // Why use an indexable tag? are we ever going to lookup prompts? // Also the type "prompt" isn't in NIP-90, this should probably be "text" [ "i", "What is the capital of France?", "prompt" ], [ "p", "c4878054cff877f694f5abecf18c7450f4b6fdf59e3e9cb3e6505a93c4577db2" ], [ "relays", "wss://relay.primal.net" ] ] }
This is a request for content recommendation
json { "kind": 5300, "content": "", "tags": [ // Its fine ignoring this param, but what if the client actually needs exactly 200 "results" [ "param", "max_results", "200" ], // The spec never mentions requesting content for other users. // If a DVM didn't understand this and responded to this request it would provide bad data [ "param", "user", "b22b06b051fd5232966a9344a634d956c3dc33a7f5ecdcad9ed11ddc4120a7f2" ], [ "relays", "wss://relay.primal.net", ], [ "p", "ceb7e7d688e8a704794d5662acb6f18c2455df7481833dd6c384b65252455a95" ] ] }
This is a request to create a OP_RETURN message on bitcoin
json { "kind": 5901, // Again why is the content empty when we are sending human readable text? "content": "", "tags": [ // and again, using an indexable tag on an input that will never need to be looked up ["i", "09/01/24 SEC Chairman on the brink of second ETF approval", "text"] ] }
My point isn't that these event schema's aren't understandable but why are they using the same schema? each use-case is different but are they all required to use the same
i
tag format as input and could support all 4 types of inputs.Lack of libraries
With all these different types of inputs, params, and outputs its verify difficult if not impossible to build libraries for DVMs
If a simple text translation request can have an
event
ortext
as inputs, apayment-required
status at any point in the flow, partial results, or responses from 10+ DVMs whats the best way to build a translation library for other nostr clients to use?And how do I build a DVM framework for the server side that can handle multiple inputs of all four types (
url
,text
,event
,job
) and clients are sending all the requests in slightly differently.Supporting payments is impossible
The way NIP-90 is written there isn't much details about payments. only a
payment-required
status and a genericamount
tagBut the way things are now every DVM is implementing payments differently. some send a bolt11 invoice, some expect the client to NIP-57 zap the request event (or maybe the status event), and some even ask for a subscription. and we haven't even started implementing NIP-61 nut zaps or cashu A few are even formatting the
amount
number wrong or denominating it in sats and not mili-satsBuilding a client or a library that can understand and handle all of these payment methods is very difficult. for the DVM server side its worse. A DVM server presumably needs to support all 4+ types of payments if they want to get the most sats for their services and support the most clients.
All of this is made even more complicated by the fact that a DVM can ask for payment at any point during the job process. this makes sense for some types of compute, but for others like translations or user recommendation / search it just makes things even more complicated.
For example, If a client wanted to implement a timeline page that showed the notes of all the pubkeys on a recommended list. what would they do when the selected DVM asks for payment at the start of the job? or at the end? or worse, only provides half the pubkeys and asks for payment for the other half. building a UI that could handle even just two of these possibilities is complicated.
NIP-89 is being abused
NIP-89 is "Recommended Application Handlers" and the way its describe in the nips repo is
a way to discover applications that can handle unknown event-kinds
Not "a way to discover everything"
If I wanted to build an application discovery app to show all the apps that your contacts use and let you discover new apps then it would have to filter out ALL the DVM advertisement events. and that's not just for making requests from relays
If the app shows the user their list of "recommended applications" then it either has to understand that everything in the 5xxx kind range is a DVM and to show that is its own category or show a bunch of unknown "favorites" in the list which might be confusing for the user.
In conclusion
My point in writing this article isn't that the DVMs implementations so far don't work, but that they will never work well because the spec is too broad. even with only a few DVMs running we have already lost interoperability.
I don't want to be completely negative though because some things have worked. the "DVM feeds" work, although they are limited to a single page of results. text / event translations also work well and kind
5970
Event PoW delegation could be cool. but if we want interoperability, we are going to need to change a few things with NIP-90I don't think we can (or should) abandon NIP-90 entirely but it would be good to break it up into small NIPs or specs. break each "kind" of DVM request out into its own spec with its own definitions for expected inputs, outputs and flow.
Then if we have simple, clean definitions for each kind of compute we want to distribute. we might actually see markets and services being built and used.
-
@ dfa02707:41ca50e3
2025-05-23 06:00:59Contribute to keep No Bullshit Bitcoin news going.
Headlines
- OpenSats announces the eleventh wave of Nostr grants. The five projects in this wave are the mobile live-streaming app Swae, the Nostr-over-ham-radio project HAMSTR, Vertex—a Web-of-Trust (WOT) service for Nostr developers, Nostr Double Ratchet for end-to-end encrypted messaging, and the Nostr Game Engine for building games and applications integrated with the Nostr ecosystem.
- Project Eleven offers 1 BTC to break Bitcoin's cryptography with a quantum computer. The quantum computing research organization has introduced the Q-Day Prize, a global challenge that offers 1 BTC to the first team capable of breaking an elliptic curve cryptographic (ECC) key using Shor’s algorithm on a quantum computer. The prize will be awarded to the first team to successfully accomplish this breakthrough by April 5, 2026.
- Bull Bitcoin expands to Mexico, enabling anyone in the country to receive pesos from anywhere in the world straight from a Bitcoin wallet. Additionally, users can now buy Bitcoin with a Mexican bank account.
"Bull Bitcoin strongly believes in Bitcoin’s economic potential in Mexico, not only for international remittances and tourism, but also for Mexican individuals and companies to reclaim their financial sovereignty and protect their wealth from inflation and the fragility of traditional financial markets," said Francis Pouliot, Founder and CEO of Bull Bitcoin.
- Panama City votes to accept bitcoin for municipal services. The Panama City Council has voted to accept Bitcoin and other digital currencies for municipal services, becoming the first public institution in the country to do so. They will partner with an authorized bank responsible for converting the digital currency proceeds into dollars, reports Bitcoin Magazine.
- US Bitcoin miner manufacturer Auradine has raised $153 million in a Series C funding round as it expands into AI infrastructure. The round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and other existing investors. The firm raised to over $300 million since its inception in 2022.
- Designathon 2025: The Bitcoin Design Community is organizing a Bitcoin design hackathon, scheduled to take place from May 4 to 18, 2025. Sign up and learn more about the event, prizes, and ideas.
Use the tools
- Core Lightning v25.02.1 and v24.11.2 address several issues, including returned outputs on mutual closes if peer didn't support
option_shutdown_anysegwit
, properly handling duplicate HTLCs on closing, calculating fees with the correct HTLC timeout, occasional crash onbitcoind_getrawblockbyheight
callback, fixes tracepoint crashes in autoclean/chanbackup, and more. - LND v0.19.0-beta.rc2 is available for testing. New features include support for archiving channel backup, RBF cooperative closes, the Quiescence protocol, the
chainio
subsystem, lnwire messages for the Gossip 1.75 protocol, testnet4, and much more. - Hydrus v0.2.0, a Lightning liquidity management agent, is now available. This version adjusts routing policies, new CLI commands, built-in task scheduling, and a new open heuristic,
channels.block_height
. - Alby Hub v1.16.0 introduces Alby Pro, a paid subscription plan for self-hosted Alby Hub runners that offers real-time backups, unlimited sub-wallets, customizable Lightning addresses, priority support, and more. The sidebar and settings page have received a UI update for a smoother experience, along with various other improvements and bug fixes.
- Alby Go v1.12.0 introduces a wallet switcher for swapping wallets during payments, withdrawals, and connections. It also improves number formatting for locales using decimal commas.
- Blitz Wallet v0.4.3-beta allows users to customize their maximum receive and balance amounts for ecash transactions. Besides, users can now pay for items in supported stores using ecash, and manual swap options have been expanded. The update also includes payment experience enhancements, performance optimizations, and bug fixes.
- Phoenix wallet v2.5.3 is a bug fix release that corrects UI problems on iOS and improves the handling of some Bolt12 failures.
- BitBanana v0.9.4 is a maintenance release that adds a link to new documentation, delivers bug fixes, and updated translations.
- BitBanana v0.9.3 was a notable release that introduced Nostr Wallet Connect (NWC) support, significantly enhanced the channel rebalancing interface, and added channel and UTXO sorting, among other features.
- Boltz Web App v1.7.3 has improved the UX for copying addresses and invoices, added fixes for hardware wallet integration, and backup files now include the rescue key, enabling backup imports to pick up pending swaps.
- Stratum v2 Reference Implementation (SRI) v1.3.0 comes with a new integration test framework and tests, enhanced APIs for role development, and core low-level crates now support
no_std
. - ESP-Miner v2.6.6b1 is now available for testing.
- CTV Playground Android is a native Android implementation and demonstration of Bitcoin's proposed OP_CHECKTEMPLATEVERIFY (CTV) soft fork, including a CTV Vault implementation.
- Nstart, an onboarding wizard for new Nostr users, is now multilingual. Available languages include English, Español, Italiano, Français, Deutsch, and 日本語. You can contribute with a new language here.
Source: daniele
- GM Swap is a proof-of-concept implementation of the Atomic Signature Swaps NIP. It enables users to "swap GM notes, ensuring that both parties' signatures are exchanged simultaneously or not at all."
- Arti v1.4.2, a next-generation Tor client in Rust, is now available. Arti's RPC interface is now officially stable, and ready for testing.
- Tor Browser v14.5 has been released, introducing Connection Assist to Android, which helps mobile users facing strict censorship to easily unblock Tor with a single button press. Additionally, Belarusian, Bulgarian, and Portuguese languages are now available across all platforms, along with other improvements.
[
](https://njump.me/nevent1qqsqp3seup9kqz8xawavqd2jff6v627s63l4xwut9hjcphdnr5r3h5gpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgdwaehxw309ahx7uewd3hkcqfpwaehxw309akh2mr5d9cxcetcv4ezu6r4wdax7mn9vaujuam0wfkxgq3qpzzrdngrnlufqazx3lfj07k0vfuya6ehfy8q5yv2h8c5e8fxgmxqd
-
@ f1989a96:bcaaf2c1
2025-05-22 17:09:23Good morning, readers!
Today, we begin in China, where the central bank injected $138 billion into the economy and expanded the money supply by 12.5% year-over-year. As the regime eases monetary conditions to prop up a decelerating economy, Chinese citizens are rushing to preserve their savings, evidenced by Bitcoin/CNY trading activity jumping over 20% on the news. But while some escape to harder money, others remain trapped. In Hunan, an elderly Chinese woman died outside a bank after being forced to appear in person in order to withdraw her own money for medical care.\ \ In Central America, Salvadoran President Bukele revived a “foreign agents” bill that would impose a 30% tax on foreign-funded NGOs, threatening to financially crush organizations that hold those in power accountable and protect journalists and civil society. The proposal mirrors laws used in Russia, China, Belarus, and beyond to suppress dissent. And it arrives amid Bukele’s authoritarian drift and increasing threats to independent journalists.\ \ In open-source news, we highlight a new tool called ChapSmart, a Bitcoin-powered remittance service that allows users to send Bitcoin to citizens and families in Tanzania and have it disbursed in Tanzanian shillings (TZS) via M-PESA. This tool is increasingly helpful as the Tanzanian regime tightens control over foreign currency, mandating that all transactions be conducted in TZS. ChapSmart provides an accessible way for nonprofits and dissidents to access value from abroad using Bitcoin.\ \ We end with an Ask Me Anything (AMA) with Bitcoin educator Anita Posch on Stacker News, who shares her thoughts, experiences, and views from her time conducting Bitcoin education in authoritarian regimes in Africa. We also feature an article from Togolese human rights advocate Farida Nabourema, who critiques Nigeria’s new investment act for classifying Bitcoin as a security and for the regulatory hurdles this will impose on the grassroots adoption of freedom tech in the country.
Be sure to tune in next week at 2 p.m. Oslo time on Wednesday, May 28, as the Oslo Freedom Forum’s Freedom Tech track airs on Bitcoin Magazine’s livestream channels, headlined by speakers Ziya Sadr, Abubakr Nur Khalil, Amiti Uttarwar, Calle, Sarah Kreps, Ben Perrin, and many more.
Now, let’s read on!
SUBSCRIBE HERE
GLOBAL NEWS
El Salvador | Bukele Reintroduces Foreign Agents Bill
In El Salvador, President Nayib Bukele revived a controversial “foreign agents” bill that threatens to severely restrict the finances and operations of NGOs. While the bill is not finalized, Bukele shared on X that the proposal would impose a 30% tax on donations to NGOs receiving foreign funding. This punitive financial measure alone would severely restrict Salvadoran organizations that protect independent journalism, advocate for human rights, and hold the government accountable. In neighboring Nicaragua, a similar foreign agents law has enabled the closure of more than 3,500 NGOs. El Salvador’s foreign agents bill arrives alongside other alarming moves, including arrest warrants against El Faro journalists, the arrest of human rights lawyer Ruth López, and the detention of more than 200 Venezuelan migrants under dubious claims of gang affiliation.
China | Injects Billions to Stabilize Economy
The Chinese Communist Party (CCP) has injected $138 billion in liquidity through interest rate cuts and a 0.5% reduction in banks’ reserve requirements, in effect expanding the money supply by 12.5% year-over-year. While the state eases monetary conditions to prop up a fragile system, ordinary citizens are left scrambling to preserve the value of their savings. Bitcoin/CNY trading volumes jumped over 20% in response, as people sought refuge from a weakening yuan. But while some can quietly escape to harder money, others are trapped in a system that treats access to money as a privilege. In Hunan, an elderly woman in a wheelchair died outside a bank after being forced to appear in person to withdraw her own money for medical care. Too weak to pass mandatory facial recognition scans, she collapsed after repeated failed attempts.
World | Authoritarian Regimes Lead CBDC Push, Study Finds
A new international study from the Nottingham Business School, part of Nottingham Trent University in England, set out to understand what is driving countries to pursue central bank digital currencies (CBDCs). Researchers found the answer lies mostly in political motives. Analyzing 68 countries, the report revealed that authoritarian governments are pushing CBDCs most aggressively, using their centralized power to hastily roll out CBDCs that can monitor transactions, restrict the movement of money, and suppress dissent. On the other hand, the report found democracies are moving more cautiously, weighing concerns over privacy, transparency, and public trust. The study also noted a correlation: countries with high levels of perceived corruption are more likely to explore CBDCs, often framing them as tools to fight illicit finance. These findings are consistent with HRF’s research, revealing nearly half the global population lives under an authoritarian regime experimenting with a CBDC.
Thailand | Plans to Issue New “Investment Token”
Thailand’s Ministry of Finance plans to issue 5 billion baht ($151 million) worth of “G-Tokens,” a new digital investment scheme that allows Thais to buy government bonds for as little as 100 baht ($3). Officials claim the project will democratize access to state-backed investments and offer higher returns than traditional bank deposits. But in a country rapidly advancing central bank digital currency (CBDC) infrastructure, this initiative raises apparent concerns. The move closely follows Thailand’s repeated digital cash handouts via a state-run wallet app, which restricts spending, tracks user behavior, and enforces expiration dates on money, all clear hallmarks of a CBDC. Luckily, the Thai government postponed the latest handout, but the infrastructure remains. Framing this project as inclusionary masks the reality: Thailand is building state-run digital systems that give the regime more power over citizens’ savings and spending.
Russia | Outlaws Amnesty International
Russia officially banned Amnesty International, designating it as an “undesirable organization” and criminalizing cooperation with the global human rights group. Russian officials claim Amnesty promotes “Russophobic projects” and undermines national security. This adds to the Kremlin’s assault on dissent, targeting human rights advocates, independent journalists, and civil society in the years since the 2022 full-scale invasion of Ukraine. The designation exposes anyone financially, publicly, or privately supporting Amnesty’s work to prosecution and imprisonment up to five years. With more than 220 organizations now blacklisted, Russia is systematically cutting off avenues for international accountability and isolating Russians from external support.
BITCOIN AND FREEDOM TECH NEWS
ChapSmart | Permissionless Remittances in Tanzania
ChapSmart is a Bitcoin-powered remittance service that allows users to send money to individuals and families in Tanzania while having it disbursed in Tanzanian shillings (TZS) via M-PESA. With ChapSmart, no account is needed: just enter your name, email, and the recipient’s M-Pesa details. Choose how much USD to send, pay in bitcoin via the Lightning Network, and ChapSmart delivers Tanzanian shillings instantly to the recipient's M-Pesa account with zero fees. This tool is especially useful as Tanzania’s regime enacts restrictions on foreign currencies, banning most citizens from quoting prices or accepting payment in anything other than TZS. ChapSmart offers a practical and accessible way for families, nonprofits, and individuals to access value from abroad using Bitcoin, even as the state tries to shut out financial alternatives.
Bitkey | Multisignature for Families Protecting Wealth from State Seizure
Decades ago, Ivy Galindo’s family lost their savings overnight when the Brazilian government froze citizens’ bank accounts to “fight inflation.” That moment shaped her understanding of financial repression and why permissionless tools like Bitcoin are essential. When her parents later chose to start saving in Bitcoin, Ivy knew a wallet with a single private key wasn’t enough, as it can be lost, stolen, or handed over under pressure or coercion from corrupt law enforcement or state officials. Multisignature (multisig) wallets, which require approval from multiple private keys to move funds, offer stronger protection against this loss and coercion and eliminate any single points of failure in a Bitcoin self-custody setup. But multisig setups are often too technical for everyday families. Enter Bitkey. This multisig device offered Ivy’s family a simple, secure way to share custody of their Bitcoin in the face of financial repression. In places where wealth confiscation and frozen bank accounts are a lived reality, multisignature wallets can help families stay in full control of their savings.
Parasite Pool | New Zero-Fee, Lightning Native Bitcoin Mining Pool
Parasite Pool is a new open-source Bitcoin mining pool built for home miners who want to contribute to Bitcoin’s decentralization without relying on the large and centralized mining pools. It charges zero fees and offers Lightning-native payouts with a low 10-satoshi threshold, allowing individuals to earn directly and instantly. Notably, it has a “pleb eat first” reward structure, which allocates 1 BTC to the block finder and splits the remaining 2.125 BTC plus fees among all non-winning participants via Lightning. This favors small-scale miners, who can earn outsized rewards relative to their hashpower, inverting the corporate bias of legacy mining pools. This makes Parasite Pool especially attractive for small scale miners, such as those operating in authoritarian contexts who need to mine discreetly and independently. In turn, these very same miners contribute to the Bitcoin network’s resistance to censorship, regulatory capture, and corporate control, ensuring it remains a tool for freedom and peaceful resistance for those who need it most. Learn more about the mining pool here.
Cake Wallet | Implements Payjoin V2
Cake Wallet, a non-custodial, privacy-focused, and open-source mobile Bitcoin wallet, released version 4.28, bringing Payjoin V2 to its user base. Payjoin is a privacy technique that allows two users to contribute an input to a Bitcoin transaction, breaking the common chain analysis heuristic that assumes a sender owns all inputs. This makes it harder for dictators to trace payments or link the identities of activists or nonprofits. Unlike the original Payjoin, which required both the sender and recipient to be online and operate a Payjoin server, Payjoin v2 removes both barriers and introduces asynchronous transactions and serverless communication. This means users can now conduct private transactions without coordination or technical setup, making private Bitcoin transactions much more accessible and expanding the tools dissidents have to transact in the face of censorship, extortion, and surveillance. HRF is pleased to have sponsored the Payjoin V2 specification with a bounty and is happy to see this functionality now in the wild.
Mi Primer Bitcoin | Receives Grant from startsmall
Mi Primer Bitcoin, a nonprofit organization supporting independent Bitcoin education in Central America, announced that it received a $1 million grant from Jack Dorsey’s startsmall public fund. This support will accelerate Mi Primer Bitcoin’s impartial, community-led, Bitcoin-only education. The initiative has trained tens of thousands of students while supporting over 65 grassroots projects across 35+ countries through its Independent Bitcoin Educators Node Network, pushing financial freedom forward where needed most. The Mi Primer Bitcoin (MPB) team stresses the importance of remaining free from government or corporate influence to preserve the integrity of their mission. As founder John Dennehy puts it, “Education will be captured by whoever funds it… We need to create alternative models for the revolution of Bitcoin education to realize its full potential.” MPB has been adopted by many education initiatives working under authoritarian regimes.
Phoenix Wallet | Introduces Unlimited BOLT 12 Offers and Manual Backup Options
Phoenix Wallet, a mobile Bitcoin Lightning wallet, introduced support for unlimited BOLT 12 offers in its v2.6.0 update, allowing users to generate as many reusable Lightning invoices as they like. These offers, which function like static Bitcoin addresses, remain permanently valid and can now include a custom description and amount — ideal for nonprofits or dissidents who need to receive regular donations discreetly. The update also introduces manual export and import of the payments database on Android, enabling users to securely transfer their payment history to new devices. These updates strengthen Phoenix’s position as one of the most user-friendly and feature-complete non-custodial Lightning wallets. BOLT 12 — once a pipe dream — is now a usable activist tool on popularly accessible mobile wallets.
RECOMMENDED CONTENT
Bitcoin Is Not a Security: Why Nigeria’s New Investment and Security Act Misses the Mark by Farida Nabourema
In this article, Togolese human rights advocate Farida Nabourema critiques Nigeria’s 2025 Investment and Securities Act for classifying Bitcoin as a security. Nabourema argues this approach is flawed, economically damaging, disconnected from the realities of Bitcoin usage and innovation across Africa, and an attempt to constrict a human rights tool. She warns that this regulatory framework risks stifling builders and harming the very communities that Bitcoin is helping in a context of widespread currency devaluations, inflation, and exclusion. Read it here.
Ask Me Anything with Anita Posch on Stacker News
After spending five months traveling through countries like Kenya and Zimbabwe, Bitcoin for Fairness Founder Anita Posch joined Stacker News for an Ask Me Anything (AMA) to discuss her view on Bitcoin adoption across the continent. She highlighted major progress since 2020, noting that several grassroots initiatives she supported have become self-sufficient and are now running their own education programs. Despite persistent challenges, like wallet usability, high on-chain fees, and Bitcoin’s misunderstood reputation, she shared stories of real-life impact, including cross-border remittances using mobile airtime and widespread Lightning use via apps like Tando in Kenya. Read the full conversation here.
If this article was forwarded to you and you enjoyed reading it, please consider subscribing to the Financial Freedom Report here.
Support the newsletter by donating bitcoin to HRF’s Financial Freedom program via BTCPay.\ Want to contribute to the newsletter? Submit tips, stories, news, and ideas by emailing us at ffreport @ hrf.org
The Bitcoin Development Fund (BDF) is accepting grant proposals on an ongoing basis. The Bitcoin Development Fund is looking to support Bitcoin developers, community builders, and educators. Submit proposals here.
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@ 45bda953:bc1e518e
2025-05-19 09:17:30Emilien stepped into the space motel's bar. The area was dimly lit and the music was unbearably loud. At least all the tables and sunken lounges each had their own lights and sound dampers. He stepped up to a table and pushed down on the receptor to reduce volume. He could not think with the noise. He looked around for Macy and inconspicuously acquainted himself with the current patrons in the establishment. He pulled his hoody further forward when he noticed the android in a wheel chair. "Not my type of company." He thought to himself. In the centre of the room a couple was having a spectacular time, an empty bottle on the table, they were specimens of myth. The guys muscles were chiselled, with tight fabric clinging to his body specifically to display every contour of his physique. His female counterpart wore loose material with translucent green tattoo's running up her body like pin stripes shining through the thin cloth hinting at a perfectly balanced pose and feminine silhouette underneath. Emilien swiped on the tables interface to call for the proprietor. He folded his arms and leaned onto the table tilting his head down slightly to keep shadow on his face. Macy entered the room through the kitchen swivel door. She was holding an empty tray and a serviette draped over her arm. She walked straight over to Emilien's table. "Good rotation sir. Welcome to Macy's. Are you a regular customer or is it your first visit to my fine establishment?" She seemed concerned and worried. The corners of Emiliens lips curved up a little. Keeping his head down teasingly. "Sir? Do we have an existing open channel?" He ignored her. "Sir, If you don't have liquidity I have no services to offer that you cannot get off your own ship." Emilien looked up with a gleam in his eye. Macie's posture relaxed with a sigh of relief. "Emile, you fuck. You freaked me out." "I'm sorry, I could not help myself." He waved a halfhearted greeting, slightly laughing. "You know I have some new rules around for you nano augmented types." His aversion to the word rules was evident only to himself. "Like what?" Macy felt apologetically obliged to explain the nature of her circumstances. "I had diplomats from the outer void regions come for a private meeting. Financial in nature. A spacer customer arrived blocks before them, I did not suspect him of anything criminal." She put the tray down and gripped the table with both hands shifting her weight. "His routine for meals were already established, he managed to spy on them through my privacy protocols and hacked their clients. He participated as a ghost during most of their stay and dealings." Emilien whistled. "That's rough, how did you handle it." "I did not do anything." Her dreads shook as she moved her head in animated frustration. "No one knew until they all had been gone for blocks. My reputation took a serious knock. They made a claim against me, I was accused of being complicit. Emilien glanced back over his shoulder when he noticed the android cart himself around his table. "Warren helped me and found all the dirty code and sequestered it. We have all the data and footage, it proves beyond a doubt that I was not involved. Thank god for the core otherwise my whole station might have been destroyed by now." Emile gave a sly look. "How do you know it was not me who stole the data?" She locked eyes with him. "You still have the same face as before bro and I know you won't fuck with me. I'll force close our channel." She joked with serious tone nudging him with her fist playfully. She was generally perceived as strict and militant because of her Shiv citizenship. Shiv military training and service was compulsory, all respected the Shiv in their traditions, their ways were isolationist and exclusionary in nature. Emilien has seen her use military style jujitsu-boxing to neutralise and boot out unruly customers. The Juel woman noticed the out of character friendly gesture Macy made. The unexpected interaction drew her attention from across the room. "So, what is this rule of yours." Macy seemed reluctant to say. "I'm sorry bud. You'll have to swallow a slipper pill every 576 blocks while you are on this station." His shoulders sagged and could not help but bounce his leg on the rail under the table. "Really?!" "Yes, really. I have to retain my customers trust and neutralising all augmented customers body gadgets was the unanimous way to go." Emilien seemed pissed. "Your customers might not know that I'm augmented. And what if I don't plan on staying that long. I just want to see Warren then I'll be off." Macy shook her head. "Warren is passed out in his ship and will probably wake up with a very bad hangover. He partied with the Jeul pair and their entourage for most of this rotation, you know how he gets." Macy waved her hand towards the couple who seemed to be looking directly at Emilien. He looked straight back at them and swiped the interface's privacy command dropping a vision distortion field around his table. Encapsulating himself and Macy. "I treat everyone the same, no compromise." Emile looked at her in a moment of rumination. "Let's get it over with." Macy removed a container from her moonbag after opening, holding it towards Emilien he took the purple capsule and swallowed it without a drink and opened his mouth wide moving his tongue around to show Macy that he did indeed swallow the prophylactic. "And what about robo-mech boy back there? He cannot eat slipper pills." Emilien sounded annoyed and regretful." Macy gave him a stern look tilting her head in annoyance. "Why do think he's in a wheelchair, you know I can't talk about my customers with my customers? Besides from the obvious." Emilien did not say anything. Macy sighed. "What can I get you sir?" "I'll just have a beer." Macy stepped out through the distortion field and became a messy disfigured indistinguishable form. Emilien pushed the music's volume up and waited for the inevitable. He sensed the actuators in his shoulders, elbows and wrists disable in sequence down his arms. His spines bit rate slowed to a crawl and the lack of connectivity to his neck port was becoming noticeable. His legs went numb instantly. "Now I am nothing more than a pathetic land crawler." He felt weak and vulnerable in his natural form. His mental state bordered on the fringes of stable and paranoid, fearful thoughts threatening to manifest in his mind. He saw a figure approach. He assumed it was his drink. The slender glowing tattooed leg of the Jeul woman pierced the veil. A bright green line that suddenly dims where her skirt begins. She stepped through the curtain with a friendly nonchalant expression. "Mind if make your acquaintance mon ami?" Emilien dropped the barrier and lowered the volume making sure that he was back on visual record of Macy's archive. "Not really, thanks, I'm good." Macy returned to place a cold beer on the table. The interface flashed a price in femto-sat and Emilien tapped his ring on it shifting 11 fSAT from a mini holographic Bob to very happy little Alice. The animation morphed into a small firework display and died. "Back to work now." Emilien grinned at Macy thankfully and took a sip. "Me and my brother we are celebrating our seventh birth block anniversary." He looked around sarcastically. "You chose a display of death above the resorts on Juel to celebrate your seventh birth block?" She stiffened her glittery lips and raised her eyebrows thoughtfully and took a seat without invitation. "It is more of a tour than a celebration, I am Maurelle Giovanni and my brother is called Lionel also Giovanni obviously. He is my twin baby brother." Emilien looked over at the guy who seemed to be occupied playing a mini game on their tables interface. She tilted her head into his line of sight forcing him to look at her. "Who are you?" "None of your concern really." She did not accept the short stated answer. "No one comes alone all the way to a dead end system just to drink a cheap beer. I am guessing you are a treasure hunter, no. Looking for artefacts of the ancient world, yes?" Emilien had assessed her body language and concluded that her whimsical imagination was one he could easily manipulate. He had enough information to realise that he was faced with a spoiled individual whose sole interest in him was simple curiosity, motivated by boredom and she had a fascination of the mysterious. She seemed like prey but his hunting instincts felt dead inside his disarmed body. His respect for and dependence on Macy also inhibited his urge to exploit it. He shifted his attitude and personality slightly, just enough to not be overbearing. "You make very good estimations, you are wrong but not far off. My name is Scott. And yes I am fascinated, not by the planet and it's relics but by the the secrets of these gates." Her eyes gleamed with amusement and intrigue. "You like secrets, huh? You must meet Warren. He knows more than the esteemed professors about the gates and their technology." Emilien nodded in agreement. "You said you are Giovanni. Like the Giovanni?" She seemed excited at the prospect of making a new friend and swiped the interface. "Hold this thought, I am going to get myself another drink you are good? No. Food maybe?" "I am good, no wait, another beer." He tipped the bottle toward her in salutation. She stood up taking his bottle with her to the bar. He looked back and was immediately aware that he did not notice that the android wheel himself out and into the conduit. He would have liked to see which of the two entrances of the tube he used to go to his ship. His feeling sorry for and pitying himself put him in a position where he let slip an opportunity to understand and predict the circumstances of his current tactical situation. Never at ease, always being prepared. He felt spite. The girl returned with a beer and a half full whiskey glass, no ice. She reclaimed her seat looking at him. "I am a direct descendant of the patriarch Maurice Giovanni, one of the four primary key holders of our people. There is nothing special about me really, ten..." Emilien cut her off in gentle tone. "Ten percent of the Juel population are descendants of the four patriarchs." Emilien finished her sentence for her. "You are an interesting man Monsieur Scott. What else do you know about me?" Emilien leaned towards her. Noticing her brother yawning across the room. "I know that you are bourgeois and I know that you receive a cyclical allowance from your great, great... How many generations?" "I am removed 133 generations from my Patriarch. He is a very good, doting grandfather. We all adore him. We are around 750 million siblings you know. Those who are from aristocracy have fewer children than the proles. We are so few so that our wealth is not diluted too much." She smiled reminiscently dragging her finger on the edge of the glass. Her brother seemed to stretch himself out he stood up and walked over. Entering the sound damper he acknowledged Emilien's presence with a curt nod. "Maurelle, I am going to sleep." He said to her. She waved at him dismissively. "Have a good dream frere." He exited the room through the right tubes door which made sense as their ship was more closely attached to it on that side of the circular docking ring. Predictable and honest Emilien thought to himself. Macy popped her head through the kitchens serving window. "Lights out and shutdown in 2 blocks. Just a friendly notice." The couple acknowledged the warning from Macy with raised glass and bottle. Emilien turned his attention back to the lady. "How do you manage to retain wealth in such a large family?" He pretended to be ignorant of the finery and detail of Juel culture. "We have closed loop channels controlled and balanced by the patriarchs. But our money is good as core stone. Anywhere in the outer void. Only recently has dispute arose between my Patriarchs and the Magarrie. They do not accept our Sats anymore since the war started. They only accept bitcoins directly from the core. I was only four cycles old when the war began so I am used to it." Emilien felt a conflicting disturbance, thinking about how his body is only two cycles active but his mind stretches back far beyond this time. Being both older and younger than his partner in discourse. "Helloo? I lost you there for a moment Scott." "What are you thinking about?" Emilien lied to her faking emotion. "I was just thinking about the tremendous loss of life that we are orbiting. The planet embedded with what it's inhabitants assumed would be it's portal to prosperity became the golem of it's demise." He was happy that Maurelle seemed to empathise and mirror his philosophic grief. "Come with me I want to tell you a secret. You like secrets." She stood up taking his hand gently tugging, compelling him to follow her. She led him to the far end of the room. She pulled a small levered switch and the wall folded in on itself to reveal a impressive window flooding sharp light into the whole of the large room as it retracted. They both squinted and lifted their hands to shield their eyes adjusting to the glare of Sol. The scene of destruction appeared even more dramatic and morbid as dark sharply defined shadows clipped with golden edges, evoking a sense of isolation and suffering. "These gates were supposed to be a gift to Earth. A hope of spreading humanity across the stars like the children of Abraham." Emilien smirked. "You believe that nonsense?" She rested her head on his shoulder still holding onto his arm. "Our patriarchs have preserved the mysteries of mankind for millennia. I said that I am going to tell you a secret don't patronise me. I do not believe anything. What I know, it is not faith. It is understanding. Knowledge, a type of knowledge that you cannot quantify with mathematics and chemistry. It is a higher science that is proven by the unmistakable coincidence of fate. It is invisible to those who are ignorant and they who despair, those who have lost all hope are blind to this promise." Emilien felt a strange remorse. "I guess I must be blind then." The lights suddenly shut down and the song stopped dead in it's track, like Macy promised. Overcome by the majesty of the scene Maurelle wiped a tear away fearing that her makeup might get ruined. "Anyone can see. They must just open their eyes voluntarily and be honest with themselves. Their true original selves. Who they were made to be." Emile felt judged and wanted to end this conversation quickly. "I am going back to my ship, you have a good night now." She grabbed tightly at his wrist almost painfully. "You do not want to know my secret?" Emelien was becoming annoyed with her insistence he removed her hand from his arm. "I don't think you know any real useful secrets, sweetheart." He sounded threatening, the real enshrouded unmistakable him breaking through the act. She looked at him unintimidated by his sudden shift in personality. "Oh, so I suppose you know why the Juela are at war for most of our lives?" He sarcastically extended his arms forward palms up in restrained but evidently mocking adoration. "Please enlighten me priestess." "They are fighting over this." She pointed at the epic scene of destruction drifting statically out of view as the stations rotation cut it off at the edge of the window. The shadows chased Sol light away sliding like a retracting blade across the room leaving it dark. Emilien burst out angrily. "They are fighting over satoshis! That is all they ever fight over! What I fight for, Damnit! Sats and the resources to gain more of it! That is the beginning and end of all things! Anyone in the universe with even the slightest lick of self worth works, fights and dies for sat!" Maurelle stared astutely at him unemotionally affected by his outburst. She obviously had experienced this exact reaction before and suddenly Emilien realised that he might be the one being manipulated by a smarter and wiser being than himself. "Are you done my love? Have you made your point or is there some other deeper understanding you wish me to internalise into my ignorant small little world?" She threw at him a spiteful sarcasm of her own. "Do you really think I do not know what it means to be seduced by wealth? Luxury?" She took a step closer to him. "Pleasure?" Emilien felt stupid and disarmed this time adding emotionally disarmed to the defeat of being inept in his own body. "I am not a fool mon cherie. The truly wealthy don't fight for wealth, they fight for power. But the noble and sincere fight a different fight with a different weapon. They use words to fight, ideas to win. They fight to gain trust with words, and they fight to retain it with consistency in their actions. Trust is a currency that makes sat seem like shit in comparison because it is real even though you do not believe what you cannot hold in your hand, like your beloved sat." She pointed at the ring on his finger. "Trust only retains value if you honour your words with your actions. Its value is fragile and can disappear in a moment of weakness like water vapour, cherished as the source of life then gone, poof, evaporated. Like magic. This type of trust if gained and retained correctly, projects you forward into the realm of immortality." Emile felt stung and hurt on a personal level, unsure if she was generalising or targeting his own specific weakness purposely. It confused him and made him feel insecure. "What are they fighting for then?" He asked slightly surrendering to the unexpected superior reasoning. Maurelle appreciated the honesty she identified as sincere. She gently took his hand again and led him back to the large convex window. They stood silently for a block, waiting on the rotation to pull the bright light of Sol back into the room. "They are fighting for the power to do that." She pointed at Earth in all it's terrible glory. "The destruction caused by the gate was a terrible cataclysm outside of humanities collective control. The core and the gates are a mystery to mankind." She looked up at Emilien, relieved to see that he was still taking her seriously. "The Maggarie have discovered a weapon that has the power to destroy a planet. The Juel think they are fighting to free Osteri captives from slavery but the real motif is hidden, our Patriarchs unadmitted fear of being inferior to the Maggarie. Most of the goods we traded with them they have stopped accepting, the Shiv and Osteri still buy our products but the Maggarie have suddenly lost the need for our produce, even raw material in it's basest forms. They are expanding somehow and the balance of interdependence has tilted out of our favor. They have no more need for us and have cast us aside like a filthy rag." She paused in thought. "Their new super weapon is the cause of this conflict monsieur Scott." Emilien shrugged. Feeling relieved at regaining the intellectual high ground he thought he had lost. "I'm sorry Maurelle. I have no data on this weapon. If this was true the forums on my bulletin board would have leaked information about it's existence epochs ago, it's been just over three cycles everyone would have known this by now. It sounds more like Jeul fearmongering or perhaps it is the daydreaming fairy tale of an innocent naive girl who worships old myths and legends of a time dead for thousands of years." He pointed at Earth. She sniffed away a hint of emotion and anger. "Well then, I have nothing more to say to you, Good night monsieur Scott." She pulled away from him pridefully and looked out at the enormous gate embedded like a knife into the earths crust. "You are a swine monsieur Scott, leave me alone with my pearl." Emilien stepped back mockingly bowing slightly. "Good night sweetheart." He walked back to his craft laughing inside himself. "Stupid woman." He muttered, although be it doubtfully.
...
scifi
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@ 9ca447d2:fbf5a36d
2025-05-23 06:01:38Tokyo-listed investment firm Metaplanet has officially surpassed El Salvador in bitcoin holdings after its biggest-ever single purchase of the scarce digital asset.
On May 12, 2025, the company announced it had bought 1,241 Bitcoin (BTC) for approximately $123.8 million, or ¥18.4 billion. The average price per coin was about $102,111, marking the firm’s largest purchase to date.
This latest buy brings Metaplanet’s total bitcoin reserves to 6,796 BTC, worth over $700 million.
Metaplanet on X
That puts Metaplanet ahead of El Salvador, the Central American nation that made headlines in 2021 for adopting bitcoin as legal tender. According to its National Bitcoin Office, El Salvador currently holds 6,174 BTC, worth roughly $642 million.
El Salvador bitcoin holdings — bitcoin.gob.sv
“Metaplanet now holds more bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started,” said CEO Simon Gerovich on X after the company’s announcement.
The Japanese investment company started its bitcoin treasury strategy in April 2024 and has become the largest corporate holder of bitcoin in Asia and 11th globally. It aims to hold 10,000 BTC by the end of 2025.
Metaplanet is now the 11th largest corporate holder of bitcoin — BitcoinTreasuries
To fund these purchases, the firm has turned to bond issuances, including zero-percent bonds. In early May, Metaplanet issued $25 million worth of 0% bonds under its EVO FUND program to finance bitcoin buys without diluting shares or taking on traditional debt.
And Metaplanet’s strategy seems to be working. Its BTC Yield — a proprietary metric that measures bitcoin accumulation per share — is 38% for Q2 2025 so far. In previous quarters, the firm reported 95.6% in Q1 and a whopping 309.8% in Q4 2024.
The stock price has also gone up 1,800% since May 2024 and 51% in 2025 alone, currently trading above 550 JPY.
Metaplanet is often called “Japan’s MicroStrategy”, a reference to the U.S.-based company Strategy (formerly MicroStrategy) led by Bitcoin advocate Michael Saylor. Strategy is the world’s largest corporate bitcoin holder with over 568,840 BTC in its coffers, worth more than $58 billion.
Like Strategy, Metaplanet is using creative financing tools such as convertible bonds and non-dilutive bond issuance to build a big bitcoin treasury. These financial instruments give the company the ability to fund further bitcoin purchases without diluting shareholders’ value.
Metaplanet is buying bitcoin very rapidly. This has become a trend in the corporate world, where private companies are challenging nation-states in the digital asset space.
Unlike governments which face regulatory and political hurdles, corporations like Metaplanet can move quickly and decisively. Since 2020 over 80 publicly traded companies have collectively bought more than 632,000 BTC worth over $65 billion.
This is a fundamental shift in how companies manage their treasuries — moving away from cash or bonds and towards the digital scarcity that bitcoin presents.
This creates a new form of financial power where corporations can hold a significant portion of a finite asset, unlike fiat currencies which governments can print to infinity.
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@ 91bea5cd:1df4451c
2025-04-15 06:27:28Básico
bash lsblk # Lista todos os diretorios montados.
Para criar o sistema de arquivos:
bash mkfs.btrfs -L "ThePool" -f /dev/sdx
Criando um subvolume:
bash btrfs subvolume create SubVol
Montando Sistema de Arquivos:
bash mount -o compress=zlib,subvol=SubVol,autodefrag /dev/sdx /mnt
Lista os discos formatados no diretório:
bash btrfs filesystem show /mnt
Adiciona novo disco ao subvolume:
bash btrfs device add -f /dev/sdy /mnt
Lista novamente os discos do subvolume:
bash btrfs filesystem show /mnt
Exibe uso dos discos do subvolume:
bash btrfs filesystem df /mnt
Balancea os dados entre os discos sobre raid1:
bash btrfs filesystem balance start -dconvert=raid1 -mconvert=raid1 /mnt
Scrub é uma passagem por todos os dados e metadados do sistema de arquivos e verifica as somas de verificação. Se uma cópia válida estiver disponível (perfis de grupo de blocos replicados), a danificada será reparada. Todas as cópias dos perfis replicados são validadas.
iniciar o processo de depuração :
bash btrfs scrub start /mnt
ver o status do processo de depuração Btrfs em execução:
bash btrfs scrub status /mnt
ver o status do scrub Btrfs para cada um dos dispositivos
bash btrfs scrub status -d / data btrfs scrub cancel / data
Para retomar o processo de depuração do Btrfs que você cancelou ou pausou:
btrfs scrub resume / data
Listando os subvolumes:
bash btrfs subvolume list /Reports
Criando um instantâneo dos subvolumes:
Aqui, estamos criando um instantâneo de leitura e gravação chamado snap de marketing do subvolume de marketing.
bash btrfs subvolume snapshot /Reports/marketing /Reports/marketing-snap
Além disso, você pode criar um instantâneo somente leitura usando o sinalizador -r conforme mostrado. O marketing-rosnap é um instantâneo somente leitura do subvolume de marketing
bash btrfs subvolume snapshot -r /Reports/marketing /Reports/marketing-rosnap
Forçar a sincronização do sistema de arquivos usando o utilitário 'sync'
Para forçar a sincronização do sistema de arquivos, invoque a opção de sincronização conforme mostrado. Observe que o sistema de arquivos já deve estar montado para que o processo de sincronização continue com sucesso.
bash btrfs filsystem sync /Reports
Para excluir o dispositivo do sistema de arquivos, use o comando device delete conforme mostrado.
bash btrfs device delete /dev/sdc /Reports
Para sondar o status de um scrub, use o comando scrub status com a opção -dR .
bash btrfs scrub status -dR / Relatórios
Para cancelar a execução do scrub, use o comando scrub cancel .
bash $ sudo btrfs scrub cancel / Reports
Para retomar ou continuar com uma depuração interrompida anteriormente, execute o comando de cancelamento de depuração
bash sudo btrfs scrub resume /Reports
mostra o uso do dispositivo de armazenamento:
btrfs filesystem usage /data
Para distribuir os dados, metadados e dados do sistema em todos os dispositivos de armazenamento do RAID (incluindo o dispositivo de armazenamento recém-adicionado) montados no diretório /data , execute o seguinte comando:
sudo btrfs balance start --full-balance /data
Pode demorar um pouco para espalhar os dados, metadados e dados do sistema em todos os dispositivos de armazenamento do RAID se ele contiver muitos dados.
Opções importantes de montagem Btrfs
Nesta seção, vou explicar algumas das importantes opções de montagem do Btrfs. Então vamos começar.
As opções de montagem Btrfs mais importantes são:
**1. acl e noacl
**ACL gerencia permissões de usuários e grupos para os arquivos/diretórios do sistema de arquivos Btrfs.
A opção de montagem acl Btrfs habilita ACL. Para desabilitar a ACL, você pode usar a opção de montagem noacl .
Por padrão, a ACL está habilitada. Portanto, o sistema de arquivos Btrfs usa a opção de montagem acl por padrão.
**2. autodefrag e noautodefrag
**Desfragmentar um sistema de arquivos Btrfs melhorará o desempenho do sistema de arquivos reduzindo a fragmentação de dados.
A opção de montagem autodefrag permite a desfragmentação automática do sistema de arquivos Btrfs.
A opção de montagem noautodefrag desativa a desfragmentação automática do sistema de arquivos Btrfs.
Por padrão, a desfragmentação automática está desabilitada. Portanto, o sistema de arquivos Btrfs usa a opção de montagem noautodefrag por padrão.
**3. compactar e compactar-forçar
**Controla a compactação de dados no nível do sistema de arquivos do sistema de arquivos Btrfs.
A opção compactar compacta apenas os arquivos que valem a pena compactar (se compactar o arquivo economizar espaço em disco).
A opção compress-force compacta todos os arquivos do sistema de arquivos Btrfs, mesmo que a compactação do arquivo aumente seu tamanho.
O sistema de arquivos Btrfs suporta muitos algoritmos de compactação e cada um dos algoritmos de compactação possui diferentes níveis de compactação.
Os algoritmos de compactação suportados pelo Btrfs são: lzo , zlib (nível 1 a 9) e zstd (nível 1 a 15).
Você pode especificar qual algoritmo de compactação usar para o sistema de arquivos Btrfs com uma das seguintes opções de montagem:
- compress=algoritmo:nível
- compress-force=algoritmo:nível
Para obter mais informações, consulte meu artigo Como habilitar a compactação do sistema de arquivos Btrfs .
**4. subvol e subvolid
**Estas opções de montagem são usadas para montar separadamente um subvolume específico de um sistema de arquivos Btrfs.
A opção de montagem subvol é usada para montar o subvolume de um sistema de arquivos Btrfs usando seu caminho relativo.
A opção de montagem subvolid é usada para montar o subvolume de um sistema de arquivos Btrfs usando o ID do subvolume.
Para obter mais informações, consulte meu artigo Como criar e montar subvolumes Btrfs .
**5. dispositivo
A opção de montagem de dispositivo** é usada no sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs.
Em alguns casos, o sistema operacional pode falhar ao detectar os dispositivos de armazenamento usados em um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs. Nesses casos, você pode usar a opção de montagem do dispositivo para especificar os dispositivos que deseja usar para o sistema de arquivos de vários dispositivos Btrfs ou RAID.
Você pode usar a opção de montagem de dispositivo várias vezes para carregar diferentes dispositivos de armazenamento para o sistema de arquivos de vários dispositivos Btrfs ou RAID.
Você pode usar o nome do dispositivo (ou seja, sdb , sdc ) ou UUID , UUID_SUB ou PARTUUID do dispositivo de armazenamento com a opção de montagem do dispositivo para identificar o dispositivo de armazenamento.
Por exemplo,
- dispositivo=/dev/sdb
- dispositivo=/dev/sdb,dispositivo=/dev/sdc
- dispositivo=UUID_SUB=490a263d-eb9a-4558-931e-998d4d080c5d
- device=UUID_SUB=490a263d-eb9a-4558-931e-998d4d080c5d,device=UUID_SUB=f7ce4875-0874-436a-b47d-3edef66d3424
**6. degraded
A opção de montagem degradada** permite que um RAID Btrfs seja montado com menos dispositivos de armazenamento do que o perfil RAID requer.
Por exemplo, o perfil raid1 requer a presença de 2 dispositivos de armazenamento. Se um dos dispositivos de armazenamento não estiver disponível em qualquer caso, você usa a opção de montagem degradada para montar o RAID mesmo que 1 de 2 dispositivos de armazenamento esteja disponível.
**7. commit
A opção commit** mount é usada para definir o intervalo (em segundos) dentro do qual os dados serão gravados no dispositivo de armazenamento.
O padrão é definido como 30 segundos.
Para definir o intervalo de confirmação para 15 segundos, você pode usar a opção de montagem commit=15 (digamos).
**8. ssd e nossd
A opção de montagem ssd** informa ao sistema de arquivos Btrfs que o sistema de arquivos está usando um dispositivo de armazenamento SSD, e o sistema de arquivos Btrfs faz a otimização SSD necessária.
A opção de montagem nossd desativa a otimização do SSD.
O sistema de arquivos Btrfs detecta automaticamente se um SSD é usado para o sistema de arquivos Btrfs. Se um SSD for usado, a opção de montagem de SSD será habilitada. Caso contrário, a opção de montagem nossd é habilitada.
**9. ssd_spread e nossd_spread
A opção de montagem ssd_spread** tenta alocar grandes blocos contínuos de espaço não utilizado do SSD. Esse recurso melhora o desempenho de SSDs de baixo custo (baratos).
A opção de montagem nossd_spread desativa o recurso ssd_spread .
O sistema de arquivos Btrfs detecta automaticamente se um SSD é usado para o sistema de arquivos Btrfs. Se um SSD for usado, a opção de montagem ssd_spread será habilitada. Caso contrário, a opção de montagem nossd_spread é habilitada.
**10. descarte e nodiscard
Se você estiver usando um SSD que suporte TRIM enfileirado assíncrono (SATA rev3.1), a opção de montagem de descarte** permitirá o descarte de blocos de arquivos liberados. Isso melhorará o desempenho do SSD.
Se o SSD não suportar TRIM enfileirado assíncrono, a opção de montagem de descarte prejudicará o desempenho do SSD. Nesse caso, a opção de montagem nodiscard deve ser usada.
Por padrão, a opção de montagem nodiscard é usada.
**11. norecovery
Se a opção de montagem norecovery** for usada, o sistema de arquivos Btrfs não tentará executar a operação de recuperação de dados no momento da montagem.
**12. usebackuproot e nousebackuproot
Se a opção de montagem usebackuproot for usada, o sistema de arquivos Btrfs tentará recuperar qualquer raiz de árvore ruim/corrompida no momento da montagem. O sistema de arquivos Btrfs pode armazenar várias raízes de árvore no sistema de arquivos. A opção de montagem usebackuproot** procurará uma boa raiz de árvore e usará a primeira boa que encontrar.
A opção de montagem nousebackuproot não verificará ou recuperará raízes de árvore inválidas/corrompidas no momento da montagem. Este é o comportamento padrão do sistema de arquivos Btrfs.
**13. space_cache, space_cache=version, nospace_cache e clear_cache
A opção de montagem space_cache** é usada para controlar o cache de espaço livre. O cache de espaço livre é usado para melhorar o desempenho da leitura do espaço livre do grupo de blocos do sistema de arquivos Btrfs na memória (RAM).
O sistema de arquivos Btrfs suporta 2 versões do cache de espaço livre: v1 (padrão) e v2
O mecanismo de cache de espaço livre v2 melhora o desempenho de sistemas de arquivos grandes (tamanho de vários terabytes).
Você pode usar a opção de montagem space_cache=v1 para definir a v1 do cache de espaço livre e a opção de montagem space_cache=v2 para definir a v2 do cache de espaço livre.
A opção de montagem clear_cache é usada para limpar o cache de espaço livre.
Quando o cache de espaço livre v2 é criado, o cache deve ser limpo para criar um cache de espaço livre v1 .
Portanto, para usar o cache de espaço livre v1 após a criação do cache de espaço livre v2 , as opções de montagem clear_cache e space_cache=v1 devem ser combinadas: clear_cache,space_cache=v1
A opção de montagem nospace_cache é usada para desabilitar o cache de espaço livre.
Para desabilitar o cache de espaço livre após a criação do cache v1 ou v2 , as opções de montagem nospace_cache e clear_cache devem ser combinadas: clear_cache,nosapce_cache
**14. skip_balance
Por padrão, a operação de balanceamento interrompida/pausada de um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs será retomada automaticamente assim que o sistema de arquivos Btrfs for montado. Para desabilitar a retomada automática da operação de equilíbrio interrompido/pausado em um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs, você pode usar a opção de montagem skip_balance .**
**15. datacow e nodatacow
A opção datacow** mount habilita o recurso Copy-on-Write (CoW) do sistema de arquivos Btrfs. É o comportamento padrão.
Se você deseja desabilitar o recurso Copy-on-Write (CoW) do sistema de arquivos Btrfs para os arquivos recém-criados, monte o sistema de arquivos Btrfs com a opção de montagem nodatacow .
**16. datasum e nodatasum
A opção datasum** mount habilita a soma de verificação de dados para arquivos recém-criados do sistema de arquivos Btrfs. Este é o comportamento padrão.
Se você não quiser que o sistema de arquivos Btrfs faça a soma de verificação dos dados dos arquivos recém-criados, monte o sistema de arquivos Btrfs com a opção de montagem nodatasum .
Perfis Btrfs
Um perfil Btrfs é usado para informar ao sistema de arquivos Btrfs quantas cópias dos dados/metadados devem ser mantidas e quais níveis de RAID devem ser usados para os dados/metadados. O sistema de arquivos Btrfs contém muitos perfis. Entendê-los o ajudará a configurar um RAID Btrfs da maneira que você deseja.
Os perfis Btrfs disponíveis são os seguintes:
single : Se o perfil único for usado para os dados/metadados, apenas uma cópia dos dados/metadados será armazenada no sistema de arquivos, mesmo se você adicionar vários dispositivos de armazenamento ao sistema de arquivos. Assim, 100% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser utilizado.
dup : Se o perfil dup for usado para os dados/metadados, cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos manterá duas cópias dos dados/metadados. Assim, 50% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser utilizado.
raid0 : No perfil raid0 , os dados/metadados serão divididos igualmente em todos os dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, não haverá dados/metadados redundantes (duplicados). Assim, 100% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser usado. Se, em qualquer caso, um dos dispositivos de armazenamento falhar, todo o sistema de arquivos será corrompido. Você precisará de pelo menos dois dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid0 .
raid1 : No perfil raid1 , duas cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a uma falha de unidade. Mas você pode usar apenas 50% do espaço total em disco. Você precisará de pelo menos dois dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1 .
raid1c3 : No perfil raid1c3 , três cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a duas falhas de unidade, mas você pode usar apenas 33% do espaço total em disco. Você precisará de pelo menos três dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1c3 .
raid1c4 : No perfil raid1c4 , quatro cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a três falhas de unidade, mas você pode usar apenas 25% do espaço total em disco. Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1c4 .
raid10 : No perfil raid10 , duas cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos, como no perfil raid1 . Além disso, os dados/metadados serão divididos entre os dispositivos de armazenamento, como no perfil raid0 .
O perfil raid10 é um híbrido dos perfis raid1 e raid0 . Alguns dos dispositivos de armazenamento formam arrays raid1 e alguns desses arrays raid1 são usados para formar um array raid0 . Em uma configuração raid10 , o sistema de arquivos pode sobreviver a uma única falha de unidade em cada uma das matrizes raid1 .
Você pode usar 50% do espaço total em disco na configuração raid10 . Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid10 .
raid5 : No perfil raid5 , uma cópia dos dados/metadados será dividida entre os dispositivos de armazenamento. Uma única paridade será calculada e distribuída entre os dispositivos de armazenamento do array RAID.
Em uma configuração raid5 , o sistema de arquivos pode sobreviver a uma única falha de unidade. Se uma unidade falhar, você pode adicionar uma nova unidade ao sistema de arquivos e os dados perdidos serão calculados a partir da paridade distribuída das unidades em execução.
Você pode usar 1 00x(N-1)/N % do total de espaços em disco na configuração raid5 . Aqui, N é o número de dispositivos de armazenamento adicionados ao sistema de arquivos. Você precisará de pelo menos três dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid5 .
raid6 : No perfil raid6 , uma cópia dos dados/metadados será dividida entre os dispositivos de armazenamento. Duas paridades serão calculadas e distribuídas entre os dispositivos de armazenamento do array RAID.
Em uma configuração raid6 , o sistema de arquivos pode sobreviver a duas falhas de unidade ao mesmo tempo. Se uma unidade falhar, você poderá adicionar uma nova unidade ao sistema de arquivos e os dados perdidos serão calculados a partir das duas paridades distribuídas das unidades em execução.
Você pode usar 100x(N-2)/N % do espaço total em disco na configuração raid6 . Aqui, N é o número de dispositivos de armazenamento adicionados ao sistema de arquivos. Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid6 .
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@ 45bda953:bc1e518e
2025-05-19 09:16:17Core Divide - Sol System - Gate 7
Tremors from warp turbulence rumbled a bit excessively to the Stripper's liking. Emilien was occupied in the lavatory, inspecting and pulling at his face, staring intently at it in the vanity mirror. Macy's establishment was a popular place and he had concerns about who he might run into, contemplating whether he should stick some silicone cosmetic pads onto his face, just enough to obfuscate his current identity. Maybe he shouldn't bother because he might die soon anyway. He has grown fond of his current persona and wouldn't mind retaining it a cycle longer at least. Being artificially immortal somehow did not take away the terror of confronting death. He recalled the various deaths he had experienced and could not decide what method of passing through he preferred, imagining the many shells of himself in different states of necrosis all over the greater void. He considered the possibility that he might not even be himself anymore. He felt like he knows himself well enough to be sure but that small fragment of doubt always gnawed at the back of his mind. He stood back from the mirror. "Am I him?" The ship shook again breaking his stare, he looked at the dental lever lying in the basin and committed to the more necessary procedure, placing the edges of his palms on his chin pushing abruptly up and back dislocated his lower jaw leaving it to hang loose on his face. Taking the root lever from the basin and leaning into the mirror he expertly wedged the tool in behind his rearmost left molar and twisted it slightly, dislodging it. Catching the small object with his left hand he pressed it into a recess on a black ring which he tightly twisted onto his right hands index finger. He narrowed his eyes at the skeletal horror on the other side of the frame inspecting the freshly opened hole. He opened the vanity and took a cartridge which was labelled "AdrenoChem" he removed the object within the container and wiggled it into the vacant molar cavity. Drool dripping into the sink in spite of his reflexive swallowing, he gripped his jaw tight and in gentle circular downward motions found the spot and clicked the joints back into relocation. Chattering his teeth together while stretching his neck he decided to procrastinate on the disguise idea. Emilien went back to the cockpit. Sitting down at the helm he pulled up notices and reports on the divide's situation with regards to the cease fire between the two warring factions. "Tch, tch, tch. This blockade is not making things easy." His eyes were scrolling over bullet points of news headlines when his ship dropped out of warp at the designated coordinates. He switched the display on the primary screen to clearview. The scene of a dead planet, cracked open like an enormous fruit with scattered asteroid clusters and rocky debris appeared onscreen. A giant still wreck of a superstructure resembling parts of an anchor and drift gate joined to each other like Siamese twins, sharp flashes emitting from it silently, like a muted storm in the far distance. He slowly tilted his head to it's limit. Nothing looked familiar to him. He took the console, rolled and yawed simultaneously until his point of view made sense. "There we are. You're not there till you know it." Macy's space motel pitched into view like a tiny reflective insect. On a secondary screen he zoomed the display to fit. It was attached to a large tubular docking link reaching away distantly and back to itself like Ourobouros. There were four spacecraft docked around it's circumference, less than he had expected. He only recognised the largest ship, Warren's vessel. It looked like a mess of odd protrusions, parabolic dishes and bent antennae. Very unsightly, especially compared to the Lux Void Yacht docked across from it. Tourists from everywhere frequented this remote region of the great divide for obvious reasons. Primary motivations were curiosity, pilgrimage, seclusion and scientific research in that order. Macy was smart to settle her establishment at this specific site. Emilien checked web connectivity to make sure he was still well outside the data scrambling anomaly. According to legend, after the Viper gate had been released from the Core and travelled the required distance to it's anchor coordinates, it was supposed to propel it's drift gate into the greater void, but something went wrong. It malfunctioned on it's attempt to release and veered off course being pulled into the orbit of the Sol system. No one knows exactly how it happened but it was clear to see that the energy released was spectacular. The root planet and most of humanity perished in a second, those who survived on the dark side of the collision died from starvation and gradual planetary destabilisation. Emilien morbidly recognised the historicity of the treacherous looking voidscape. Pulsing his ship softly forward caused a cut to core connectivity activating a repetitive red warning light which he promptly covered with one of the intact disposable cups that were rolling around his feet. There is no way to turn the annoying emitter off and he usually ignored it with closed eyes or looking away when void jumping. He is never vulnerable to core connection loss unless he comes to this region or when he is purposely trying to disappear. Researchers have concluded that the interference was broadcast from the gates enormous husk's residual power and intermittent energy discharge. He reverse pulsed back out of the disturbance, the dimmed light under the paper cup died. "Astrid?" "Yes?" He carefully uncoiled the cable and leaned forward connecting himself to the command interface and resting his head on his arms. "Save me." A quick upload took place. "You are welcome commander." Emilien did not respond. Just grateful that if something went askew he would at least wake up knowing that the last thing he saw was the monumental vestige of humanities ancient resting place. And all the ship types docked at Macy's. He smiled at the floor.
...
scifi
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@ 9ca447d2:fbf5a36d
2025-05-23 06:01:37May 13, 2025 – We are proud to announce that My First Bitcoin has received a $1 million grant from #startsmall. With this financial support from Jack Dorsey’s philanthropic initiative, we will continue to serve grassroots Bitcoin education initiatives worldwide.
This grant accelerates our work in the creation and distribution of free and open-source Bitcoin education materials and infrastructure.
It will not only help us improve existing resources, such as the Bitcoin Diploma, Bitcoin Intro Course, and teacher training workshops, but also to scale our digital platforms like our Online School and Community Hub.
As a non-profit, founded in 2021, we have grown from a local project into a global movement. Besides creating curricula and frameworks, our team has directly taught tens of thousands of in-person students, as we workshop and refine our materials based on real world feedback.
In 2023, we launched the Independent Bitcoin Educators Node Network, providing a space for others to join us on our mission. The network spans 65+ projects from 35+ countries, including circular economies, meetup organizers and other grassroots projects.
All commit to the same six pillars: that their education is independent, impartial, community-led, Bitcoin-only, quality, and focused on empowerment over profit.
While we support that network, it is now self-governing. We always seek to give power-to, rather than have power-over.
John Dennehy, founder and Executive Director of My First Bitcoin, explains:
“The revolution of Bitcoin education is that it teaches students HOW to think, not WHAT to think. Funding from sources with their own incentives is the greatest vulnerability that threatens that. Education will be captured by whoever funds it.
“We will never take any government money and frequently turn down funding from corporations and companies. The subtle influence of funding has ruined fiat education and we need to create alternative models for the revolution of Bitcoin education to realize its full potential.”
Funding for Bitcoin education must be transparent.
This grant is a huge win for all of us. For Bitcoin itself, but even more for Independent Bitcoin Education as a whole. It enables us to serve the global community better than ever before. It shows everyone what can be achieved if you stay close to your values.
“My First Bitcoin is a proof-of-concept for all independent Bitcoin educators that if you stay on the mission, even when it’s challenging, then you will come out the other side even stronger,” added Dennehy.
Arnold Hubach, Director of Communications of My First Bitcoin, continued:
“Open source money deserves open source education. Over the past few years, we’ve seen growing demand for our resources around the world, and we remain committed to serving everyone in the Bitcoin space who needs support.
“This funding enables us to plan further into the future and continue being the first-stop provider of free educational tools.”
We’re grateful to #startsmall for believing in our mission and for understanding that Bitcoin education should always be free from external influence. We’re also grateful to the community for helping us arrive at this point where we are ready to receive such a grant.
You lead us to where we are today. You have been our primary funding source. You will continue to lead us forward.
We will always serve the community.
We’re also grateful for our amazing team and their proof of work. The grant will accelerate the work that they are already doing, such as curricula development, teacher training programs, the expansion of the global network, building online platforms, and providing in-person classes.
We will continue to lead by example, we will continue to push the limits, and we will continue to reimagine what’s possible.
We do not seek to please power in this world, we seek to create a proof-of-concept for a better one where the individual is empowered and able to think critically.
If you are an educator in need of tools or infrastructure; please contact us.
If you can help us continue to build out these tools and maintain this growing global movement; please contact us.
If you are aligned with our mission and are a supporter of independent Bitcoin education, please donate.
We work for the public. In public.
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@ 58537364:705b4b85
2025-05-23 05:46:31“สุขเวทนา” ที่แท้ก็คือ “มายา”
เป็นเหมือนลูกคลื่นลูกหนึ่ง
ที่เกิดขึ้นเพราะน้ำถูกลมพัด
เดี๋ยวมันก็แตกกระจายไป
หากต้องการจะมีชีวิตอย่างเกษมแล้ว
ก็ต้องอาศัยความรู้เรื่อง อนิจจัง ทุกขัง อนัตตา ให้สมบูรณ์
มันจะต่อต้านกันได้กับอารมณ์ คือ รูป เสียง กลิ่น รส สัมผัส ที่มากระทบ
ไม่ให้ไปหลงรัก หรือหลงเกลียดเรื่องวุ่นวายมีอยู่ ๒ อย่างเท่านั้น
- ไปหลงรัก อย่างหนึ่ง
- ไปหลงเกลียด อย่างหนึ่ง
ซึ่งเป็นเหตุให้หัวเราะและต้องร้องไห้
ถ้าใครมองเห็นว่า หัวเราะก็กระหืดกระหอบ มันเหนื่อยเหมือนกัน
ร้องไห้ก็กระหืดกระหอบ เหมือนกัน
สู้อยู่เฉย ๆ ดีกว่า อย่าต้องหัวเราะ อย่าต้องร้องไห้
นี่แหละ! มันเป็นความเกษมเราอย่าได้ตกไปเป็นทาสของอารมณ์
จนไปหัวเราะหรือร้องไห้ตามที่อารมณ์มายั่ว
เราเป็นอิสระแก่ตัว หยุดอยู่ หรือเกษมอยู่อย่างนี้ดีกว่า
ใช้ อนิจจัง ทุกขัง อนัตตา เป็นเครื่องมือกำกับชีวิต
- รูป เสียง กลิ่น รส สัมผัส เป็น มายา เป็น illusion
- "ตัวกู-ของกู" ก็เป็น illusion
- เพราะ "ตัวกู-ของกู" มันเกิดมาจากอารมณ์
- "ตัวกู-ของกู" เป็นมายา อารมณ์ทั้งหลายก็เป็นมายา
เห็นได้ด้วยหลัก อนิจจัง ทุกขัง อนัตตา
...ความทุกข์ก็ไม่เกิด
เราจะตัดลัดมองไปดูสิ่งที่เป็น “สุขเวทนา”
สุขเวทนา คือ ความสุขสนุกสนาน เอร็ดอร่อย
ที่เป็นสุขนั้นเรียกว่า “สุขเวทนา”แต่สุขเวทนา เป็นมายา
เพราะมันเป็นเหมือนลูกคลื่นที่เกิดขึ้นเป็นคราว ๆ
ไม่ใช่ตัวจริงอะไรที่พูดดังนี้ก็เพราะว่า
ในบรรดาสิ่งทั้งปวงในโลกทั้งหมดทุกโลก
ไม่ว่าโลกไหน มันมีค่าอยู่ก็ตรงที่ให้เกิดสุขเวทนาลองคิดดูให้ดีว่า...
- ท่านศึกษาเล่าเรียนทำไม?
- ท่านประกอบอาชีพ หน้าที่การงานทำไม?
- ท่านสะสมทรัพย์สมบัติ เกียรติยศ ชื่อเสียง พวกพ้องบริวารทำไม?มันก็เพื่อสุขเวทนาอย่างเดียว
เพราะฉะนั้น แปลว่า อะไร ๆ มันก็มารวมจุดอยู่ที่สุขเวทนาหมดฉะนั้น ถ้าเรามีความรู้ในเรื่องนี้
จัดการกับเรื่องนี้ให้ถูกต้องเพียงเรื่องเดียวเท่านั้น
ทุกเรื่องมันถูกหมดเพราะฉะนั้น จึงต้องดูสุขเวทนาให้ถูกต้องตามที่เป็นจริงว่า
มันก็เป็น “มายา” ชนิดหนึ่งเราจะต้องจัดการให้สมกันกับที่มันเป็นมายา
ไม่ใช่ว่า จะต้องไปตั้งข้อรังเกียจ เกลียดชังมัน
อย่างนั้นมันยิ่ง บ้าบอที่สุดถ้าเข้าไปหลงรัก หลงเป็นทาสมัน
ก็เป็นเรื่อง บ้าบอที่สุดแต่ว่าไปจัดการกับมันอย่างไรให้ถูกต้อง
นั้นแหละเป็นธรรมะ
เป็น ลูกศิษย์ของพระพุทธเจ้า
ที่จะเอาชนะความทุกข์ได้ และไม่ต้องเป็น โรคทางวิญญาณ
สุขเวทนา ที่แท้ก็คือ มายา
มันก็ต้องทำโดยวิธีที่พิจารณาให้เห็นว่า
“สุขเวทนา” นี้ ที่แท้ก็คือ “มายา”เป็นเหมือน ลูกคลื่นลูกหนึ่ง
ที่เกิดขึ้นเพราะ น้ำถูกลมพัดหมายความว่า
เมื่อ รูป เสียง กลิ่น รส ฯ เข้ามา
แล้ว ความโง่ คือ อวิชชา โมหะ ออกรับ
กระทบกันแล้วเป็นคลื่นกล่าวคือ สุขเวทนาเกิดขึ้นมา
แต่ เดี๋ยวมันก็แตกกระจายไป
ถ้ามองเห็นอย่างนี้แล้ว
เราก็ไม่เป็นทาสของสุขเวทนา
เราสามารถ ควบคุม จะจัด จะทำกับมันได้
ในวิธีที่ ไม่เป็นทุกข์- ตัวเองก็ไม่เป็นทุกข์
- ครอบครัวก็ไม่เป็นทุกข์
- เพื่อนบ้านก็ไม่เป็นทุกข์
- คนทั้งโลกก็ไม่พลอยเป็นทุกข์
เพราะมีเราเป็นมูลเหตุ
ถ้าทุกคนเป็นอย่างนี้
โลกนี้ก็มีสันติภาพถาวร
เป็นความสุขที่แท้จริงและถาวรนี่คือ อานิสงส์ของการหายโรคโดยวิธีต่าง ๆ กัน
ไม่เป็นโรค “ตัวกู” ไม่เป็นโรค “ของกู”
พุทธทาสภิกขุ
ที่มา : คำบรรยายชุด “แก่นพุทธศาสน์”
ปีพุทธศักราช ๒๕๐๔
ครั้งที่ ๑
หัวข้อเรื่อง “ใจความทั้งหมดของพระพุทธศาสนา”
ณ ศิริราชพยาบาล มหาวิทยาลัยมหิดล
เมื่อวันที่ ๑๗ ธันวาคม ๒๕๐๔ -
@ 3b3a42d3:d192e325
2025-04-10 08:57:51Atomic Signature Swaps (ASS) over Nostr is a protocol for atomically exchanging Schnorr signatures using Nostr events for orchestration. This new primitive enables multiple interesting applications like:
- Getting paid to publish specific Nostr events
- Issuing automatic payment receipts
- Contract signing in exchange for payment
- P2P asset exchanges
- Trading and enforcement of asset option contracts
- Payment in exchange for Nostr-based credentials or access tokens
- Exchanging GMs 🌞
It only requires that (i) the involved signatures be Schnorr signatures using the secp256k1 curve and that (ii) at least one of those signatures be accessible to both parties. These requirements are naturally met by Nostr events (published to relays), Taproot transactions (published to the mempool and later to the blockchain), and Cashu payments (using mints that support NUT-07, allowing any pair of these signatures to be swapped atomically.
How the Cryptographic Magic Works 🪄
This is a Schnorr signature
(Zₓ, s)
:s = z + H(Zₓ || P || m)⋅k
If you haven't seen it before, don't worry, neither did I until three weeks ago.
The signature scalar s is the the value a signer with private key
k
(and public keyP = k⋅G
) must calculate to prove his commitment over the messagem
given a randomly generated noncez
(Zₓ
is just the x-coordinate of the public pointZ = z⋅G
).H
is a hash function (sha256 with the tag "BIP0340/challenge" when dealing with BIP340),||
just means to concatenate andG
is the generator point of the elliptic curve, used to derive public values from private ones.Now that you understand what this equation means, let's just rename
z = r + t
. We can do that,z
is just a randomly generated number that can be represented as the sum of two other numbers. It also follows thatz⋅G = r⋅G + t⋅G ⇔ Z = R + T
. Putting it all back into the definition of a Schnorr signature we get:s = (r + t) + H((R + T)ₓ || P || m)⋅k
Which is the same as:
s = sₐ + t
wheresₐ = r + H((R + T)ₓ || P || m)⋅k
sₐ
is what we call the adaptor signature scalar) and t is the secret.((R + T)ₓ, sₐ)
is an incomplete signature that just becomes valid by add the secret t to thesₐ
:s = sₐ + t
What is also important for our purposes is that by getting access to the valid signature s, one can also extract t from it by just subtracting
sₐ
:t = s - sₐ
The specific value of
t
depends on our choice of the public pointT
, sinceR
is just a public point derived from a randomly generated noncer
.So how do we choose
T
so that it requires the secret t to be the signature over a specific messagem'
by an specific public keyP'
? (without knowing the value oft
)Let's start with the definition of t as a valid Schnorr signature by P' over m':
t = r' + H(R'ₓ || P' || m')⋅k' ⇔ t⋅G = r'⋅G + H(R'ₓ || P' || m')⋅k'⋅G
That is the same as:
T = R' + H(R'ₓ || P' || m')⋅P'
Notice that in order to calculate the appropriate
T
that requirest
to be an specific signature scalar, we only need to know the public nonceR'
used to generate that signature.In summary: in order to atomically swap Schnorr signatures, one party
P'
must provide a public nonceR'
, while the other partyP
must provide an adaptor signature using that nonce:sₐ = r + H((R + T)ₓ || P || m)⋅k
whereT = R' + H(R'ₓ || P' || m')⋅P'
P'
(the nonce provider) can then add his own signature t to the adaptor signaturesₐ
in order to get a valid signature byP
, i.e.s = sₐ + t
. When he publishes this signature (as a Nostr event, Cashu transaction or Taproot transaction), it becomes accessible toP
that can now extract the signaturet
byP'
and also make use of it.Important considerations
A signature may not be useful at the end of the swap if it unlocks funds that have already been spent, or that are vulnerable to fee bidding wars.
When a swap involves a Taproot UTXO, it must always use a 2-of-2 multisig timelock to avoid those issues.
Cashu tokens do not require this measure when its signature is revealed first, because the mint won't reveal the other signature if they can't be successfully claimed, but they also require a 2-of-2 multisig timelock when its signature is only revealed last (what is unavoidable in cashu for cashu swaps).
For Nostr events, whoever receives the signature first needs to publish it to at least one relay that is accessible by the other party. This is a reasonable expectation in most cases, but may be an issue if the event kind involved is meant to be used privately.
How to Orchestrate the Swap over Nostr?
Before going into the specific event kinds, it is important to recognize what are the requirements they must meet and what are the concerns they must address. There are mainly three requirements:
- Both parties must agree on the messages they are going to sign
- One party must provide a public nonce
- The other party must provide an adaptor signature using that nonce
There is also a fundamental asymmetry in the roles of both parties, resulting in the following significant downsides for the party that generates the adaptor signature:
- NIP-07 and remote signers do not currently support the generation of adaptor signatures, so he must either insert his nsec in the client or use a fork of another signer
- There is an overhead of retrieving the completed signature containing the secret, either from the blockchain, mint endpoint or finding the appropriate relay
- There is risk he may not get his side of the deal if the other party only uses his signature privately, as I have already mentioned
- There is risk of losing funds by not extracting or using the signature before its timelock expires. The other party has no risk since his own signature won't be exposed by just not using the signature he received.
The protocol must meet all those requirements, allowing for some kind of role negotiation and while trying to reduce the necessary hops needed to complete the swap.
Swap Proposal Event (kind:455)
This event enables a proposer and his counterparty to agree on the specific messages whose signatures they intend to exchange. The
content
field is the following stringified JSON:{ "give": <signature spec (required)>, "take": <signature spec (required)>, "exp": <expiration timestamp (optional)>, "role": "<adaptor | nonce (optional)>", "description": "<Info about the proposal (optional)>", "nonce": "<Signature public nonce (optional)>", "enc_s": "<Encrypted signature scalar (optional)>" }
The field
role
indicates what the proposer will provide during the swap, either the nonce or the adaptor. When this optional field is not provided, the counterparty may decide whether he will send a nonce back in a Swap Nonce event or a Swap Adaptor event using thenonce
(optionally) provided by in the Swap Proposal in order to avoid one hop of interaction.The
enc_s
field may be used to store the encrypted scalar of the signature associated with thenonce
, since this information is necessary later when completing the adaptor signature received from the other party.A
signature spec
specifies thetype
and all necessary information for producing and verifying a given signature. In the case of signatures for Nostr events, it contain a template with all the fields, exceptpubkey
,id
andsig
:{ "type": "nostr", "template": { "kind": "<kind>" "content": "<content>" "tags": [ … ], "created_at": "<created_at>" } }
In the case of Cashu payments, a simplified
signature spec
just needs to specify the payment amount and an array of mints trusted by the proposer:{ "type": "cashu", "amount": "<amount>", "mint": ["<acceptable mint_url>", …] }
This works when the payer provides the adaptor signature, but it still needs to be extended to also work when the payer is the one receiving the adaptor signature. In the later case, the
signature spec
must also include atimelock
and the derived public keysY
of each Cashu Proof, but for now let's just ignore this situation. It should be mentioned that the mint must be trusted by both parties and also support Token state check (NUT-07) for revealing the completed adaptor signature and P2PK spending conditions (NUT-11) for the cryptographic scheme to work.The
tags
are:"p"
, the proposal counterparty's public key (required)"a"
, akind:30455
Swap Listing event or an application specific version of it (optional)
Forget about this Swap Listing event for now, I will get to it later...
Swap Nonce Event (kind:456) - Optional
This is an optional event for the Swap Proposal receiver to provide the public nonce of his signature when the proposal does not include a nonce or when he does not want to provide the adaptor signature due to the downsides previously mentioned. The
content
field is the following stringified JSON:{ "nonce": "<Signature public nonce>", "enc_s": "<Encrypted signature scalar (optional)>" }
And the
tags
must contain:"e"
, akind:455
Swap Proposal Event (required)"p"
, the counterparty's public key (required)
Swap Adaptor Event (kind:457)
The
content
field is the following stringified JSON:{ "adaptors": [ { "sa": "<Adaptor signature scalar>", "R": "<Signer's public nonce (including parity byte)>", "T": "<Adaptor point (including parity byte)>", "Y": "<Cashu proof derived public key (if applicable)>", }, …], "cashu": "<Cashu V4 token (if applicable)>" }
And the
tags
must contain:"e"
, akind:455
Swap Proposal Event (required)"p"
, the counterparty's public key (required)
Discoverability
The Swap Listing event previously mentioned as an optional tag in the Swap Proposal may be used to find an appropriate counterparty for a swap. It allows a user to announce what he wants to accomplish, what his requirements are and what is still open for negotiation.
Swap Listing Event (kind:30455)
The
content
field is the following stringified JSON:{ "description": "<Information about the listing (required)>", "give": <partial signature spec (optional)>, "take": <partial signature spec (optional)>, "examples: [<take signature spec>], // optional "exp": <expiration timestamp (optional)>, "role": "<adaptor | nonce (optional)>" }
The
description
field describes the restrictions on counterparties and signatures the user is willing to accept.A
partial signature spec
is an incompletesignature spec
used in Swap Proposal eventskind:455
where omitting fields signals that they are still open for negotiation.The
examples
field is an array ofsignature specs
the user would be willing totake
.The
tags
are:"d"
, a unique listing id (required)"s"
, the status of the listingdraft | open | closed
(required)"t"
, topics related to this listing (optional)"p"
, public keys to notify about the proposal (optional)
Application Specific Swap Listings
Since Swap Listings are still fairly generic, it is expected that specific use cases define new event kinds based on the generic listing. Those application specific swap listing would be easier to filter by clients and may impose restrictions and add new fields and/or tags. The following are some examples under development:
Sponsored Events
This listing is designed for users looking to promote content on the Nostr network, as well as for those who want to monetize their accounts by sharing curated sponsored content with their existing audiences.
It follows the same format as the generic Swap Listing event, but uses the
kind:30456
instead.The following new tags are included:
"k"
, event kind being sponsored (required)"title"
, campaign title (optional)
It is required that at least one
signature spec
(give
and/ortake
) must have"type": "nostr"
and also contain the following tag["sponsor", "<pubkey>", "<attestation>"]
with the sponsor's public key and his signature over the signature spec without the sponsor tag as his attestation. This last requirement enables clients to disclose and/or filter sponsored events.Asset Swaps
This listing is designed for users looking for counterparties to swap different assets that can be transferred using Schnorr signatures, like any unit of Cashu tokens, Bitcoin or other asset IOUs issued using Taproot.
It follows the same format as the generic Swap Listing event, but uses the
kind:30457
instead.It requires the following additional tags:
"t"
, asset pair to be swapped (e.g."btcusd"
)"t"
, asset being offered (e.g."btc"
)"t"
, accepted payment method (e.g."cashu"
,"taproot"
)
Swap Negotiation
From finding an appropriate Swap Listing to publishing a Swap Proposal, there may be some kind of negotiation between the involved parties, e.g. agreeing on the amount to be paid by one of the parties or the exact content of a Nostr event signed by the other party. There are many ways to accomplish that and clients may implement it as they see fit for their specific goals. Some suggestions are:
- Adding
kind:1111
Comments to the Swap Listing or an existing Swap Proposal - Exchanging tentative Swap Proposals back and forth until an agreement is reached
- Simple exchanges of DMs
- Out of band communication (e.g. Signal)
Work to be done
I've been refining this specification as I develop some proof-of-concept clients to experience its flaws and trade-offs in practice. I left the signature spec for Taproot signatures out of the current document as I still have to experiment with it. I will probably find some important orchestration issues related to dealing with
2-of-2 multisig timelocks
, which also affects Cashu transactions when spent last, that may require further adjustments to what was presented here.The main goal of this article is to find other people interested in this concept and willing to provide valuable feedback before a PR is opened in the NIPs repository for broader discussions.
References
- GM Swap- Nostr client for atomically exchanging GM notes. Live demo available here.
- Sig4Sats Script - A Typescript script demonstrating the swap of a Cashu payment for a signed Nostr event.
- Loudr- Nostr client under development for sponsoring the publication of Nostr events. Live demo available at loudr.me.
- Poelstra, A. (2017). Scriptless Scripts. Blockstream Research. https://github.com/BlockstreamResearch/scriptless-scripts
-
@ 45bda953:bc1e518e
2025-05-19 09:15:47Hithe III
The counsel convened and an area of land had been designated as suitable for an industrial scale landing site of tier III size void vessels. All Kaspian land owners were required to donate workers for the initiative. It was an exciting affair for all involved. With an evergreen tree line to hinder the on and off breeze, tables were assembled and covered with a unique assortment of table cloths. Every lady brought one along and the embroidery on each was the cause of many flattering remarks. The women brought all sorts of food and refreshments, had gazebo's set up and had chairs placed well away from the noise and dust of the demarcated construction site. The men where organising equipment, measuring bedrock depth and organising the labour parties into manageable groups. In spite of all the mothers most dire warnings to stay clear of the areas where active construction would be taking place, the children knew they had free reign to explore and play wherever they wanted. The oxen bellowed incessantly, tethered in long lines before their carts, a slave armed with standard bullwhip, ready to man his post atop each wagon. Albin sat on the ground chewing on a stalk of wheat. Being barely old enough to help the men with their work, he was ordered to do nothing more than spectate. Having received concerned looks from the adults, repeating tropes of how he might get hurt and be in the way. He made peace with his lot. The fact that he was going to see void craft was exciting enough to satiate his curiosity for adventure. He would inadvertently lean back and look up expectantly only to see the clear sky then rock forwards back to his previous position. His only regret was that Seth was not with him to discuss and share in the experience. Seth was old enough to work alongside the other slaves, robbing Albin of good company. He glanced back at the large groups of women and smaller children, his mother stuck out like a sore thumb seeing as she was the only lady wearing pants amongst the variety of her chemise, spring attired peers. Her hair was braided and she had an unopened parasol at hand. No one dared ask why her odd choice in outfit though you knew they thought ill of it by their confused and somewhat unduly patronising looks. Before dawn, when they were still at the manor Albin asked her why she was dressed funny and she said that she would prefer not making a spectacle of herself. He just shrugged and did not think much of it again until just now. It seemed to him that she was the only spectacle around not even having brought a table cloth to adorn her bench like the other woman did. He decided to get something to eat and drink because the texture and taste of the dried stalk had become slightly off-putting making him spit out little bits of grass as he stood up. Cleolia smiled affectionately when she saw her boy approaching and peered over her shaded glasses. He lifted the picnic basket off the ground and put it on the heavy bare wooden table, filled a cup with milk and swallowed it down almost as quickly as he had poured it. "Are they going to be late." He asked his mother. "I'm sure they will arrive soon my dear." She replied while taking a seat in a folding chair. Albin grabbed a handful of pretzels and looked around ponderously as he ingested the snack. The people always enjoyed community gatherings of this sort. Lot's of catching up and gossip happening in a cheerful non insidious way. A type of orderly chaos that brought feelings of peace and tranquillity to the conscious observer. His daydream was broken by a soft but clearly distinct repetitive dong of the distant church tower. His dad and father Ecknard were there using the comms, he assumed they were signalling for something. A long shrill whistling sound caught Albins attention and he began walking towards the furthest groups of men while scanning the area intently. The discernible pitch of Seth's whistle became audible again and Albin honed in on the direction the sound was coming from. He saw his friend standing on an ox cart waving his woven satgat frantically trying to get Albin's attention. As soon as they established eye contact he pointed in a very specific north western direction upwards at the dome of the sky. Albin followed his gaze and for a moment thought his mind is playing a trick on him, but it became apparent that a silhouette of something oddly pale was stuck in the sky with nondescript features. Recalling his studies he managed to identify the craft. It was a Dragon IV Cargo vessel. A Magar craft and supposedly very impressive, the distance did not do it justice, yet the uncanny feeling that X fold more people were floating in a box in the sky than were on the planet made Albin's stomach flip and he felt off balance. He sat down on the ground again to prevent him from stumbling around trying to keep his legs under his body. As soon as the church bell ceased it's tolling a smoke signal was ignited in the clearing beyond the work parties. The yellow smoke billowed up in sharp contrast to the greenery of the fields. III percussive shots thundered through the air like cannon fire causing a sudden change in environmental ambience. Birds were visibly swarming up from trees as far as the eye could see. Albin chose not to remove his sights from the giant void craft. He saw a light in the atmosphere that became distinct as it neared separating into the underbellies of III descending craft. Albin murmered. "The Dragons payload." His excitement grew as did the vessels on their approach. At first a hum growing into a crescendo of weird harmonic roaring as the vessels fought mightily to resist Hithe's above average gravitational pull. All the men tipped their satgats and hard hats to cover their faces, the oxen also faced away. Albin did not want to look away but was forced to turn his head as a powerful gust loaded with projectiles of sand and grass peppered his face sharply. Looking back he saw his mother promptly opening her parasol and pointing it in the direction of the landing, then the real spectacle occurred. All the woman covered their faces only to have their skirts blown up exposing their undergarments, in turn trying to push down their skirts uncovering their faces. The risk of shame weighed against tolerance to pain combined into a beautiful ballet of embroidered cloth being wrapped around trees and condiments strewn around the shaded grove with gazebos escaping the scene followed by children running after them in heated pursuit. Cleolia's pant legs fluttered rapidly around her ankles. As soon as the III vessels turbulence settled she folded her parasol and reassumed her previous position as if nothing of note had transpired. Smiling carefree amongst the distraught group women and children around her. Albin would have laughed at the scene had his eyes not stung so badly. "Mother always knows best." He mumbled to himself as he stood up brushing dust off his undercoat. The opening of the ships cargo bays where announced with a loud hiss of air depressurising. Albin casually sauntered over to get a closer look. The cattle marched up the ramps wagon in tow to park directly alongside the freight. The goods consisted of thousands of long coach bolt like nails as long as fence posts and sturdy modular steel plates stacked on mobile pallets and tied down securely. Albin imagined them to look like giant, shiny metal puzzle pieces. The primitive vehicles and their crews made quick and efficient work of releasing the straps and with the help of overhead cranes hoisted the pallets and their contents into the wagons. Two uniformed men came out from inside the ship and stood watching the men unload their craft. Albin noticed the smartly dressed pilots. "Holy servants of the Empire." He spoke softly under his breath. His desire to meet these champions of the void felt necessary to him. They who travel among the stars much like the stories he always heard about his parents. The men were standing safely apart from the work parties, Albin mustered the courage to approach them. He timidly walked up behind them. "Ahem, Hallo Sir." The pilots looked around surprised. Albin seemed respectful and quaint. "Hey kiddo, you guys have a lovely planet." The pilot replied friendly. "What type of craft are these, sir?" The man gestured towards his vessel in reply. "These? They are standard Type I Droppers. Nothing really special about them." Albin nodded. "Are you from Magar void?" "I am indeed. It is really magnificent but you have something quite spectacular yourselves." Albin did not expect that anything in his little world could impress these well travelled gentlemen. "Like what?" He insisted questioningly. "Like the sol shield. You know the star inhibitor. It's a marvel of our time." The man pointed at Ceb. Albin understood. "Oh yes, my pa put it there so we can all survive here." Both pilots looked at each other surprised. Their demeanour changed and Albin suddenly felt uncomfortable. The man knelt down until he was eye level putting his hand on Albins shoulder clenching it just tight enough to not be painful. "If you are a Domitian heir, then I am an Osteri dancing girl at a Juel gentlemans club." His sarcastic tone cut Albin's pride. "You'd better run along and go play with your friends before I decide to arrest you or report you to the authorities." The other pilot looked away ignoring Albin's confused expression. The man assertively shoved Albin away from him. Albin just barely prevented himself from falling on his rear. Tears welled up in Albin's eyes, he turned and ran away humiliated and angry. But he choked back the tears, choosing to embrace the anger in place of emotional release. He ran away from the construction zone also avoiding the picnic area. He did not want to be around anyone. His erratic and emotional mood would betray his experience if anyone he loved interacted with him. He ran into a shaded area of wood and sat down on a stump to digest and try to reset his state of mind to normalcy. He sat quietly for about III blocks when he heard laughter from beyond the wood. There were a group of boys standing circled around an Osteri boy and girl. The girl was crying. Albin witnessed the interaction. "You are not supposed to be here. Only the working slaves are here today." The boy pleaded with his captor in reply. "I only came to find my sister, we are going back to the village now. Please let us go." "But what was she doing here then? Huh?" Albin walked into the centre of the fray interrupting the entire affair. Standing squarely in front of whom he assumed was the primary instigator. The biggest guy in the bunch. "They are only curious to see the void craft. That is why we all came here today." He explained diplomatically. The big kid sneered. "And who are you to tell me how to treat slaves. You are Magar, you should know better." Another kid piped in. "My mama told me he is Kaspa." The bully looked around surprised. Another boy opined. "Not true, my mom said that his mother was pregnant for 40,000 blocks." And then another kid had to add his understanding to the discussion. "No, no, my pa said that she lost the baby at birth and adopted a slaves child." Albin got overwhelmed with the revelations of rumour and petty gossip surrounding his person. "That does not give you the right to bully them!" Albin pointed to the brother and sister. The big boy smiled a snide retort leaning forward mockingly. "No, but I might have the right to bully you, Osteri bastard child of a slave." Albin felt all natural sense of humanity drain from his being. He turned feigning to leave, balled his fist and swung, socket-ting the unprepared target square on the throat. He fell on his back and the angst of restricted breath became evident first to himself and then to all watching. Albin turned to the siblings. "You can go." The pair hurriedly left and none of the boys even hinted at preventing them. Albin looked at all the others dead in the eye each in turn. Then he left walking the long distance towards his mother. He was thirsty and his hand smarted a little, but he felt much better.
...
scifi
-
@ 9ca447d2:fbf5a36d
2025-05-23 06:01:36American Bitcoin, a bitcoin mining company backed by President Donald Trump’s sons, is going public in a new merger deal with Gryphon Digital Mining. Investors and political observers are taking notice as it presents a mixture of Bitcoin, Wall Street and the Trump brand.
This reverse merger allows for American Bitcoin Corporation to become a publicly traded company. This will happen through a stock-for-stock merger with Gryphon Digital Mining, a small-cap bitcoin miner already listed on the Nasdaq.
Once the deal is done, the new company will be called American Bitcoin and will trade on the Nasdaq under the ticker symbol ABTC. The merger is expected to close in the 3rd quarter of 2025.
Eric Trump, who will be the Co-Founder and the Chief Strategy Officer, said:
“Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market.”
The Trump family’s involvement has gotten a lot of attention. Eric Trump and Donald Trump Jr. launched American Bitcoin in March this year with digital asset infrastructure company Hut 8, which owns 80% of American Bitcoin.
American Bitcoin leadership team — Hut 8 presentation
After the merger, American Bitcoin shareholders — including the Trump brothers and Hut 8 — will own about 98% of the new company. Gryphon shareholders will own 2% even though Gryphon is the public company facilitating the merger.
Instead of an IPO (Initial Public Offering), American Bitcoin is going public through what’s called a reverse merger. This means it will take over Gryphon’s public listing.
This is often faster and simpler than a traditional IPO. It allows American Bitcoin to access public capital markets while maintaining operational and strategic control.
Hut 8 CEO Asher Genoot said the merger is a big step forward for the company. “By taking American Bitcoin public, we expect to unlock direct access to dedicated growth capital independent of Hut 8’s balance sheet,” Genoot said.
The announcement sent Gryphon’s stock soaring. Shares rose over 280% and Hut 8’s stock went up over 11%. Clearly investors are interested in bitcoin-focused public companies when the asset itself is close to its previous all-time high.
But not everyone is buying. Some investors and analysts are questioning what Gryphon is actually bringing to the table. Gryphon won’t have a seat on the board or any representation in the new management team. Their role seems to be just to provide the public listing.
Many questions remain unanswered because there are no details on mining operations and what Gryphon’s role is beyond the merger.
American Bitcoin’s goal goes far beyond just mining bitcoin. It wants to become a national bitcoin reserve builder and a major player in that space by storing large amounts of bitcoin as a strategic asset.
The company plans to take “capital-light” advantage of Hut 8’s existing infrastructure, so there won’t be any need to build massive new data centers. Hut 8 already manages over 1,000 megawatts of energy capacity, and apparently, they will handle all the mining operations.
This is happening at a tough time for the mining industry in the U.S. and globally.
Profit margins are shrinking, and companies are really feeling the pinch of high operational costs. Hut 8 just reported a 58% drop in revenue and a $134 million net loss for the first quarter of 2025.
-
@ 45bda953:bc1e518e
2025-05-19 09:15:17Emilien was hanging face down inside an enclosure of thick egg shaped glass attached to a mechanised vehicle. Kevlar webbing hugged him tightly into a bucket seat. Long hydraulic arms being manipulated intuitively by a console in his hands and a module interface plugged into his cybernetic neck socket. The bulky animated machine clung like some Lovecraftian spider to the outer hull of his space station. Some cycle’s previously he did data security updates and backtesting for a deep space mining company's security protocols. After seeing their utility, enquired if he could purchase one as partial payment for his contract. Unfortunately they had none for sale but were willing to give him a retired malfunctioning unit gratis. He purchased a maintenance manual on the void web and had connections who helped him source some replacements for the faulty parts. Since then the machine enabled him to be functionally productive in the void, giving him the degrees of freedom and fine motor skills necessary to perform upkeep on stationary deep void assets. The glass of the egg auto dimmed as he laser welded tightly slotted panels together on the previously damaged space station. “How do you feel?” He asked. Abruptly breaking hours of silence. “I’ve been playing around. My capacitance recharge responds well to dump loads, turret retraction gears all functional again. I feel good.” Astrid responded. “Nice. Slowly pressurise the holding chamber for me.” “In progress.” The spider crawled several meters out of the way to safety. Emilien's eyes scanning up and down for leaks. “Slowly babe.” Some minutes passed. “Fully pressurized and stable.” The mechs giant front arms extending, lifted as it stood up on its four hind legs throwing an arachnid shadow across the hull. Emilien flung his arms down crashing a violent concussive blow to the hull in a thunderous clang. The arms retracted. “Still good?” His demeanour remained unchanged. There was a pause. “All good.” Astrid replied. Emilien smiled, Astrid was the best and his feelings of endearment were genuine. “Can we power up the chamber through a fused circuit.” He sensed a soft hum throughout emanating from deep below. “Is the body stable?” “The body is stable. Cryogenic chamber battery backup is at forty three percent. Charge reapplied. Potential of clone spoilage averted. Well done commander.” He could up the ante of risks knowing that his reserve life was secured. “What’s next on the agenda?” “Firstly, signal quality from the drift gate is poor and I am losing connection to the web intermittently.” Emilien nodded. “The gate’s been moving further away. It’s a line of sight problem. I’ll place a relay outside the asteroid belt.” “Secondly, we should see if the husk on the explorer vessel has intact data or a black box. Someone might be looking for them.” He heaved back and vaulted himself off the station in the direction of the wreck micro thrusting for minor trajectory adjustments, with an elegant crash he finally perched on the ship, it gained an almost imperceptible drift as it absorbed the weight of Emilien’s mass, pushing debris along with it. His size would not allow him to move through the standard doors and passages so he opted to disassemble, cut and break apart the hull adjoining the bridge. When he had broken open a space of sufficient size to manoeuvre through, he powered the backlights on, he first peeked inside to familiarise himself with the layout. The egg suspended itself in front of the opening. It was a standard enough bridge doubling as an unorthodox crypt. There were three sets of boots, overalls and coagulated blood all jammed into the slit of the semi sealed door leaving the bridge. An assortment of rubbish floating around casting doubled up shadows larger than themselves. Emilien looked at the mess with sullen eyes. “Shit heads.” He mumbled to himself. All the seats had their safety belts buckled correctly . He concluded that what they experienced must have sucked pretty bad. His mechanical exoskeleton slithered and gripped like an octopus as he entered and positioned himself before the primary interface. His vehicle plugged itself into the command terminal, measuring resistance for shorts before powering it up from his suit. “Can you pull the data and dump it somewhere safe?” “No problem, please wait.” He closed his eyes as he usually did when doing the mundane. Astrid spoke. “They are Osteri. No one will be looking for them any time soon.” “Howcome?” “Recently a blockade has been established at the Lion gate. Magar Capital Vessels are not allowing unvetted ships to pass through into Magar void.” A sense of concern crept over Emilien. “What is considered unvetted?” “Sanctions and trade embargo’s against the Juel.” “Is there a log somewhere you can access with records of flights that do get permission.” He suddenly felt a pang of claustrophobia. Ironically, not because he was strapped down in a glass egg within a wasted bridge plastered with corpse splatterings. Astrid took longer than usual to reply. “Who get’s through babe?” His tone hinted of impatience and irritation. “I’m sorry, unable to access any data from Magar void. It appears to have a firewall blocking all two way communication on the open web.” Emilien remained silent. The upload completed. He disconnected himself from the husks terminal, clambering out of the tomb and pushed himself away from the vessel drifting back to the space station.
Astrid was pulling and scanning various shipping logs when Emilien entered the room. He paced up and down the way he would when he was brainstorming. “I need intel.” Astrid projected a holographic avatar of herself standing near where Emilien was pacing. “A large shipment of Kaspian Bochet passed through less 428 blocks. Transported by the Shiv Inter-void Mercantile Co.” Emilien stopped in his tracks and looked back.\ “Can you ping Warren?” Astrid processed. “Warren is offline. He might have left the divide?” Emilien turned around with his hands folded behind his back.\ “He never leaves the divide, he is too obsessed with the core. He would also be arrested if he is ever caught in any of the outer void territories.” Astrid flickered the way she did when something did not compute. “Then why can’t I ping him?” “Because he’s at Macy’s. He has always had a crush on her and he likes good Bochet.” "Well, I could'nt ping Macy if I wanted to." Astrid stated matter of factly. Emilien nodded. "I know, you never could, no one can."
...
scifi
-
@ 3b3a42d3:d192e325
2025-04-10 08:51:15Atomic Signature Swaps (ASS) over Nostr is a protocol for atomically exchanging Schnorr signatures using Nostr events for orchestration. This new primitive enables multiple interesting applications like:
- Getting paid to publish specific Nostr events
- Issuing automatic payment receipts
- Contract signing in exchange for payment
- P2P asset exchanges
- Payment in exchange for Nostr-based credentials or access tokens
- Exchanging GMs 🌞
It only requires that (i) the involved signatures be Schnorr signatures using the secp256k1 curve and that (ii) at least one of those signatures be accessible to both parties. These requirements are naturally met by Nostr events (published to relays), Taproot transactions (published to the mempool and later to the blockchain), and Cashu payments (using mints that support NUT-07, allowing any pair of these signatures to be swapped atomically.
How the Cryptographic Magic Works 🪄
This is a Schnorr signature
(Zₓ, s)
:s = z + H(Zₓ || P || m)⋅k
If you haven't seen it before, don't worry, neither did I until three weeks ago.
The signature scalar s is the the value a signer with private key
k
(and public keyP = k⋅G
) must calculate to prove his commitment over the messagem
given a randomly generated noncez
(Zₓ
is just the x-coordinate of the public pointZ = z⋅G
).H
is a hash function (sha256 with the tag "BIP0340/challenge" when dealing with BIP340),||
just means to concatenate andG
is the generator point of the elliptic curve, used to derive public values from private ones.Now that you understand what this equation means, let's just rename
z = r + t
. We can do that,z
is just a randomly generated number that can be represented as the sum of two other numbers. It also follows thatz⋅G = r⋅G + t⋅G ⇔ Z = R + T
. Putting it all back into the definition of a Schnorr signature we get:s = (r + t) + H((R + T)ₓ || P || m)⋅k
Which is the same as:
s = sₐ + t
wheresₐ = r + H((R + T)ₓ || P || m)⋅k
sₐ
is what we call the adaptor signature scalar) and t is the secret.((R + T)ₓ, sₐ)
is an incomplete signature that just becomes valid by add the secret t to thesₐ
:s = sₐ + t
What is also important for our purposes is that by getting access to the valid signature s, one can also extract t from it by just subtracting
sₐ
:t = s - sₐ
The specific value of
t
depends on our choice of the public pointT
, sinceR
is just a public point derived from a randomly generated noncer
.So how do we choose
T
so that it requires the secret t to be the signature over a specific messagem'
by an specific public keyP'
? (without knowing the value oft
)Let's start with the definition of t as a valid Schnorr signature by P' over m':
t = r' + H(R'ₓ || P' || m')⋅k' ⇔ t⋅G = r'⋅G + H(R'ₓ || P' || m')⋅k'⋅G
That is the same as:
T = R' + H(R'ₓ || P' || m')⋅P'
Notice that in order to calculate the appropriate
T
that requirest
to be an specific signature scalar, we only need to know the public nonceR'
used to generate that signature.In summary: in order to atomically swap Schnorr signatures, one party
P'
must provide a public nonceR'
, while the other partyP
must provide an adaptor signature using that nonce:sₐ = r + H((R + T)ₓ || P || m)⋅k
whereT = R' + H(R'ₓ || P' || m')⋅P'
P'
(the nonce provider) can then add his own signature t to the adaptor signaturesₐ
in order to get a valid signature byP
, i.e.s = sₐ + t
. When he publishes this signature (as a Nostr event, Cashu transaction or Taproot transaction), it becomes accessible toP
that can now extract the signaturet
byP'
and also make use of it.Important considerations
A signature may not be useful at the end of the swap if it unlocks funds that have already been spent, or that are vulnerable to fee bidding wars.
When a swap involves a Taproot UTXO, it must always use a 2-of-2 multisig timelock to avoid those issues.
Cashu tokens do not require this measure when its signature is revealed first, because the mint won't reveal the other signature if they can't be successfully claimed, but they also require a 2-of-2 multisig timelock when its signature is only revealed last (what is unavoidable in cashu for cashu swaps).
For Nostr events, whoever receives the signature first needs to publish it to at least one relay that is accessible by the other party. This is a reasonable expectation in most cases, but may be an issue if the event kind involved is meant to be used privately.
How to Orchestrate the Swap over Nostr?
Before going into the specific event kinds, it is important to recognize what are the requirements they must meet and what are the concerns they must address. There are mainly three requirements:
- Both parties must agree on the messages they are going to sign
- One party must provide a public nonce
- The other party must provide an adaptor signature using that nonce
There is also a fundamental asymmetry in the roles of both parties, resulting in the following significant downsides for the party that generates the adaptor signature:
- NIP-07 and remote signers do not currently support the generation of adaptor signatures, so he must either insert his nsec in the client or use a fork of another signer
- There is an overhead of retrieving the completed signature containing the secret, either from the blockchain, mint endpoint or finding the appropriate relay
- There is risk he may not get his side of the deal if the other party only uses his signature privately, as I have already mentioned
- There is risk of losing funds by not extracting or using the signature before its timelock expires. The other party has no risk since his own signature won't be exposed by just not using the signature he received.
The protocol must meet all those requirements, allowing for some kind of role negotiation and while trying to reduce the necessary hops needed to complete the swap.
Swap Proposal Event (kind:455)
This event enables a proposer and his counterparty to agree on the specific messages whose signatures they intend to exchange. The
content
field is the following stringified JSON:{ "give": <signature spec (required)>, "take": <signature spec (required)>, "exp": <expiration timestamp (optional)>, "role": "<adaptor | nonce (optional)>", "description": "<Info about the proposal (optional)>", "nonce": "<Signature public nonce (optional)>", "enc_s": "<Encrypted signature scalar (optional)>" }
The field
role
indicates what the proposer will provide during the swap, either the nonce or the adaptor. When this optional field is not provided, the counterparty may decide whether he will send a nonce back in a Swap Nonce event or a Swap Adaptor event using thenonce
(optionally) provided by in the Swap Proposal in order to avoid one hop of interaction.The
enc_s
field may be used to store the encrypted scalar of the signature associated with thenonce
, since this information is necessary later when completing the adaptor signature received from the other party.A
signature spec
specifies thetype
and all necessary information for producing and verifying a given signature. In the case of signatures for Nostr events, it contain a template with all the fields, exceptpubkey
,id
andsig
:{ "type": "nostr", "template": { "kind": "<kind>" "content": "<content>" "tags": [ … ], "created_at": "<created_at>" } }
In the case of Cashu payments, a simplified
signature spec
just needs to specify the payment amount and an array of mints trusted by the proposer:{ "type": "cashu", "amount": "<amount>", "mint": ["<acceptable mint_url>", …] }
This works when the payer provides the adaptor signature, but it still needs to be extended to also work when the payer is the one receiving the adaptor signature. In the later case, the
signature spec
must also include atimelock
and the derived public keysY
of each Cashu Proof, but for now let's just ignore this situation. It should be mentioned that the mint must be trusted by both parties and also support Token state check (NUT-07) for revealing the completed adaptor signature and P2PK spending conditions (NUT-11) for the cryptographic scheme to work.The
tags
are:"p"
, the proposal counterparty's public key (required)"a"
, akind:30455
Swap Listing event or an application specific version of it (optional)
Forget about this Swap Listing event for now, I will get to it later...
Swap Nonce Event (kind:456) - Optional
This is an optional event for the Swap Proposal receiver to provide the public nonce of his signature when the proposal does not include a nonce or when he does not want to provide the adaptor signature due to the downsides previously mentioned. The
content
field is the following stringified JSON:{ "nonce": "<Signature public nonce>", "enc_s": "<Encrypted signature scalar (optional)>" }
And the
tags
must contain:"e"
, akind:455
Swap Proposal Event (required)"p"
, the counterparty's public key (required)
Swap Adaptor Event (kind:457)
The
content
field is the following stringified JSON:{ "adaptors": [ { "sa": "<Adaptor signature scalar>", "R": "<Signer's public nonce (including parity byte)>", "T": "<Adaptor point (including parity byte)>", "Y": "<Cashu proof derived public key (if applicable)>", }, …], "cashu": "<Cashu V4 token (if applicable)>" }
And the
tags
must contain:"e"
, akind:455
Swap Proposal Event (required)"p"
, the counterparty's public key (required)
Discoverability
The Swap Listing event previously mentioned as an optional tag in the Swap Proposal may be used to find an appropriate counterparty for a swap. It allows a user to announce what he wants to accomplish, what his requirements are and what is still open for negotiation.
Swap Listing Event (kind:30455)
The
content
field is the following stringified JSON:{ "description": "<Information about the listing (required)>", "give": <partial signature spec (optional)>, "take": <partial signature spec (optional)>, "examples: [<take signature spec>], // optional "exp": <expiration timestamp (optional)>, "role": "<adaptor | nonce (optional)>" }
The
description
field describes the restrictions on counterparties and signatures the user is willing to accept.A
partial signature spec
is an incompletesignature spec
used in Swap Proposal eventskind:455
where omitting fields signals that they are still open for negotiation.The
examples
field is an array ofsignature specs
the user would be willing totake
.The
tags
are:"d"
, a unique listing id (required)"s"
, the status of the listingdraft | open | closed
(required)"t"
, topics related to this listing (optional)"p"
, public keys to notify about the proposal (optional)
Application Specific Swap Listings
Since Swap Listings are still fairly generic, it is expected that specific use cases define new event kinds based on the generic listing. Those application specific swap listing would be easier to filter by clients and may impose restrictions and add new fields and/or tags. The following are some examples under development:
Sponsored Events
This listing is designed for users looking to promote content on the Nostr network, as well as for those who want to monetize their accounts by sharing curated sponsored content with their existing audiences.
It follows the same format as the generic Swap Listing event, but uses the
kind:30456
instead.The following new tags are included:
"k"
, event kind being sponsored (required)"title"
, campaign title (optional)
It is required that at least one
signature spec
(give
and/ortake
) must have"type": "nostr"
and also contain the following tag["sponsor", "<pubkey>", "<attestation>"]
with the sponsor's public key and his signature over the signature spec without the sponsor tag as his attestation. This last requirement enables clients to disclose and/or filter sponsored events.Asset Swaps
This listing is designed for users looking for counterparties to swap different assets that can be transferred using Schnorr signatures, like any unit of Cashu tokens, Bitcoin or other asset IOUs issued using Taproot.
It follows the same format as the generic Swap Listing event, but uses the
kind:30457
instead.It requires the following additional tags:
"t"
, asset pair to be swapped (e.g."btcusd"
)"t"
, asset being offered (e.g."btc"
)"t"
, accepted payment method (e.g."cashu"
,"taproot"
)
Swap Negotiation
From finding an appropriate Swap Listing to publishing a Swap Proposal, there may be some kind of negotiation between the involved parties, e.g. agreeing on the amount to be paid by one of the parties or the exact content of a Nostr event signed by the other party. There are many ways to accomplish that and clients may implement it as they see fit for their specific goals. Some suggestions are:
- Adding
kind:1111
Comments to the Swap Listing or an existing Swap Proposal - Exchanging tentative Swap Proposals back and forth until an agreement is reached
- Simple exchanges of DMs
- Out of band communication (e.g. Signal)
Work to be done
I've been refining this specification as I develop some proof-of-concept clients to experience its flaws and trade-offs in practice. I left the signature spec for Taproot signatures out of the current document as I still have to experiment with it. I will probably find some important orchestration issues related to dealing with
2-of-2 multisig timelocks
, which also affects Cashu transactions when spent last, that may require further adjustments to what was presented here.The main goal of this article is to find other people interested in this concept and willing to provide valuable feedback before a PR is opened in the NIPs repository for broader discussions.
References
- GM Swap- Nostr client for atomically exchanging GM notes. Live demo available here.
- Sig4Sats Script - A Typescript script demonstrating the swap of a Cashu payment for a signed Nostr event.
- Loudr- Nostr client under development for sponsoring the publication of Nostr events. Live demo available at loudr.me.
- Poelstra, A. (2017). Scriptless Scripts. Blockstream Research. https://github.com/BlockstreamResearch/scriptless-scripts
-
@ 502ab02a:a2860397
2025-05-23 01:57:14น้ำนมมนุษย์ที่ไม่ง้อมนุษย์ หรือนี่กำลังจะกลายเป็นเรื่องจริงเร็วกว่าที่เราคิดนะครับ
ในยุคที่อุตสาหกรรมอาหารหันหลังให้กับปศุสัตว์ ไม่ว่าจะด้วยเหตุผลด้านสิ่งแวดล้อม จริยธรรม หรือความยั่งยืน “น้ำนมจากห้องแล็บ” กำลังกลายเป็นแนวหน้าของการปฏิวัติอาหาร โดยเฉพาะเมื่อบริษัทหนึ่งจากสิงคโปร์นามว่า TurtleTree ประกาศอย่างชัดเจนว่า พวกเขากำลังจะสร้างโปรตีนสำคัญในน้ำนมมนุษย์ โดยไม่ต้องมีมนุษย์แม่เลยแม้แต่น้อย
TurtleTree ก่อตั้งในปี 2019 โดยมีเป้าหมายอันทะเยอทะยานคือการผลิตโปรตีนในนมแม่ให้ได้ผ่านเทคโนโลยีที่เรียกว่า precision fermentation โดยใช้จุลินทรีย์ที่ถูกดัดแปลงพันธุกรรมให้ผลิตโปรตีนเฉพาะ เช่น lactoferrin และ human milk oligosaccharides (HMOs) ซึ่งเป็นองค์ประกอบล้ำค่าที่พบในน้ำนมมนุษย์แต่แทบไม่มีในนมวัว หรือผลิตภัณฑ์นมทั่วไป
โปรตีนตัวแรกที่ TurtleTree ประสบความสำเร็จในการผลิตคือ LF+ หรือ lactoferrin ที่เลียนแบบโปรตีนในนมแม่ ซึ่งมีหน้าที่ช่วยระบบภูมิคุ้มกันของทารก ต่อต้านแบคทีเรีย และช่วยให้ร่างกายดูดซึมธาตุเหล็กได้ดีขึ้น โปรตีนนี้เป็นหนึ่งในหัวใจของนมแม่ ที่บริษัทต้องการนำมาใช้ในอุตสาหกรรมนมผงเด็กและอาหารเสริมสำหรับผู้ใหญ่ ล่าสุดในปี 2024 LF+ ได้รับการรับรองสถานะ GRAS (Generally Recognized As Safe) จากองค์การอาหารและยาสหรัฐฯ (FDA) อย่างเป็นทางการ เป็นหมุดหมายสำคัญที่บอกว่า นี่ไม่ใช่แค่ไอเดียในแล็บอีกต่อไป แต่กำลังกลายเป็นผลิตภัณฑ์เชิงพาณิชย์จริง
เบื้องหลังของโปรเจกต์นี้คือการลงทุนกว่า 30 ล้านดอลลาร์สหรัฐจากกลุ่มทุนทั่วโลก รวมถึงบริษัท Solar Biotech ที่จับมือกับ TurtleTree ในการขยายกำลังการผลิตเชิงอุตสาหกรรมในสหรัฐอเมริกา โดยตั้งเป้าว่าจะสามารถผลิตโปรตีนเหล่านี้ได้ในระดับราคาที่แข่งขันได้ภายในไม่กี่ปีข้างหน้า
สิ่งที่น่าสนใจคือ TurtleTree ไม่ได้หยุดแค่ lactoferrin พวกเขายังวางแผนพัฒนา HMO ซึ่งเป็นน้ำตาลเชิงซ้อนชนิดพิเศษที่มีอยู่เฉพาะในน้ำนมแม่ เป็นอาหารเลี้ยงแบคทีเรียดีในลำไส้ทารก ช่วยพัฒนาระบบภูมิคุ้มกันและสมอง ปัจจุบัน HMOs เริ่มเป็นที่นิยมในวงการ infant formula แต่การผลิตยังจำกัดและมีต้นทุนสูง การที่ TurtleTree จะนำเทคโนโลยี precision fermentation มาใช้ผลิต HMO จึงถือเป็นความพยายามในการลดช่องว่างระหว่าง "นมแม่จริง" กับ "นมผงสังเคราะห์"
ทั้งหมดนี้เกิดขึ้นภายใต้แนวคิดใหม่ของอุตสาหกรรมอาหารที่เรียกว่า "functional nutrition" หรือโภชนาการที่ออกแบบเพื่อทำงานเฉพาะทาง ไม่ใช่แค่ให้พลังงานหรือโปรตีน แต่เล็งเป้าหมายเฉพาะ เช่น เสริมภูมิคุ้มกัน ซ่อมแซมสมอง หรือฟื้นฟูร่างกาย โดยมีรากฐานจากธรรมชาติ แต่ใช้เทคโนโลยีสมัยใหม่ในการผลิต
แม้จะฟังดูเป็นความก้าวหน้าทางวิทยาศาสตร์ที่น่าตื่นเต้น แต่น้ำเสียงที่ดังก้องในอีกมุมหนึ่งก็คือคำถามเชิงจริยธรรม TurtleTree กำลังสร้างโปรตีนที่มีอยู่เฉพาะในมนุษย์ โดยอาศัยข้อมูลพันธุกรรมของมนุษย์เอง แล้วนำเข้าสู่ระบบอุตสาหกรรมเพื่อการค้า คำถามคือ เมื่อใดที่การจำลองธรรมชาติจะกลายเป็นการผูกขาดธรรมชาติ? ใครควรเป็นเจ้าของข้อมูลพันธุกรรมของมนุษย์? และถ้าวันหนึ่งบริษัทใดบริษัทหนึ่งสามารถควบคุมการผลิต “นมแม่จำลอง” ได้แต่เพียงผู้เดียว นั่นจะส่งผลต่อเสรีภาพของสังคมในมุมไหนบ้าง?
นักชีวจริยธรรมหลายคน เช่น ดร.ซิลเวีย แคมโปเรซี จาก King's College London ตั้งข้อสังเกตไว้ว่า เทคโนโลยีแบบนี้อาจแก้ปัญหาการเข้าถึงนมแม่ในพื้นที่ห่างไกลหรือในกลุ่มแม่ที่ให้นมไม่ได้ แต่ขณะเดียวกันก็อาจกลายเป็นการสร้าง "ระบบอาหารทางเลือก" ที่ควบคุมโดยบริษัทไม่กี่ราย ที่มีอำนาจเกินกว่าผู้บริโภคจะตรวจสอบได้
เมื่อเทคโนโลยีสามารถจำลองสิ่งที่เคยสงวนไว้เฉพาะธรรมชาติ และมนุษย์ได้ใกล้เคียงจนแทบแยกไม่ออก บางทีคำถามที่ควรถามอาจไม่ใช่แค่ว่า “มันปลอดภัยหรือไม่?” แต่อาจต้องถามว่า “เราไว้ใจใครให้สร้างสิ่งนี้แทนธรรมชาติ?” เพราะน้ำนมแม่เคยเป็นสิ่งที่มาจากรักและชีวิต แต่วันนี้มันอาจกลายเป็นเพียงสิ่งที่มาจากห้องแล็บและโมเลกุล... และนั่นคือสิ่งที่เราต้องคิดให้เป็น ก่อนจะกินให้ดี เต่านี้มีบุญคุณอันใหญ่หลวงงงงงงง
เสริมจุดน่าสนใจให้ครับ KBW Ventures ถือเป็นผู้ลงทุนรายใหญ่ที่สุดใน TurtleTree Labs โดยมีบทบาทสำคัญในหลายรอบการระดมทุนของบริษัท KBW Ventures เป็นบริษัทลงทุนจากสหรัฐอาหรับเอมิเรตส์ ก่อตั้งโดย สมเด็จพระราชโอรสเจ้าชายคาเล็ด บิน อัลวาลีด บิน ตาลาล อัล ซาอุด (HRH Prince Khaled bin Alwaleed bin Talal Al Saud) ในรอบการระดมทุน Pre-A มูลค่า 6.2 ล้านดอลลาร์สหรัฐฯ ซึ่งปิดในเดือนธันวาคม 2020 KBW Ventures ได้ร่วมลงทุนพร้อมกับ Green Monday Ventures, Eat Beyond Global และ Verso Capital . นอกจากนี้ เจ้าชาย Khaled ยังได้เข้าร่วมเป็นที่ปรึกษาให้กับ TurtleTree Labs เพื่อสนับสนุนการขยายตลาดและกลยุทธ์การเติบโตของบริษัท
ซึ่งในตัว KBW Ventures นั้น เป็นบริษัทลงทุนที่มุ่งเน้นการสนับสนุนเทคโนโลยีที่ยั่งยืนและนวัตกรรมในหลากหลายอุตสาหกรรม เช่น เทคโนโลยีชีวภาพ (biotech), เทคโนโลยีพลังงานสะอาด, เทคโนโลยีการเงิน (fintech), เทคโนโลยีการขนส่ง, และเทคโนโลยีอาหาร (food tech) โดยเฉพาะ และในส่วนของเจ้าชาย Khaled มีความสนใจอย่างลึกซึ้งในด้านเทคโนโลยีอาหาร โดยเฉพาะในกลุ่มโปรตีนทางเลือก เช่น Beyond Meat ซึ่งเป็นการลงทุนที่สะท้อนถึงความมุ่งมั่นชัดเจนในการส่งเสริมอาหารที่ยั่งยืนและมีจริยธรรมครับ และแน่นอนเลยว่า โดยมีส่วนร่วมในรอบระดมทุนหลายครั้งของ Beyond Meat รวมถึงตอนที่ Beyond Meat เข้าตลาดหุ้น Nasdaq ครั้งแรกในปี 2019
เจ้าชาย Khaled เชื่อมั่นว่าอาหารทางเลือกแบบพืชจะถูกลงและแพร่หลายมากขึ้น จนอาจถูกกว่าราคาเนื้อสัตว์จากสัตว์จริงภายในปี 2025 ตามข้อมูลที่ได้มาแสดงว่า ปีนี้นี่หว่าาาาาาาาาา
#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr
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@ 9ca447d2:fbf5a36d
2025-05-23 06:01:35Bitcoin-focused investment firm Twenty One Capital has made headlines after buying 4,812 BTC worth $458.7 million, making it the third-largest corporate holder of the scarce digital asset.
The move is a big and public one towards becoming the “ultimate Bitcoin investment vehicle” according to its leadership, and is turning heads in both bitcoin and tradfi world.
Tether, the issuer of the world’s largest stablecoin, bought the bitcoin on behalf of Twenty One Capital.
According to a filing with the U.S. Securities and Exchange Commission (SEC) on May 13, Tether acquired the bitcoin on May 9 at an average price of $95,319 per coin.
Twenty One Capital was launched in April 2025 through a SPAC merger with Cantor Equity Partners, a Cayman Islands-based firm affiliated with Wall Street giant Cantor Fitzgerald. The company is backed by Tether, Bitfinex exchange and Japanese investment giant SoftBank.
Related: Cantor Fitzgerald, Tether and SoftBank Launch $3B Bitcoin Venture
The firm is led by Jack Mallers, founder of the bitcoin payments app Strike, who has been vocal about bitcoin business models.
“We want to be the ultimate vehicle for the capital markets to participate in Bitcoin… building on top of Bitcoin,” said Mallers in an interview. “So we are a Bitcoin business at our core.”
At launch, Twenty One Capital had 31,500 bitcoin on the balance sheet with plans to get to at least 42,000 BTC.
The breakdown of that initial allocation was 23,950 BTC from Tether, 10,500 BTC from SoftBank and about 7,000 BTC from Bitfinex—all to be converted into equity at $10 per share.
The company is openly modeling its strategy after what Bitcoiners call “Saylorization”—a term coined after Michael Saylor, executive chairman of Strategy, who started large-scale bitcoin accumulation by corporations in 2020.
“Twenty One Capital isn’t just stacking sats,” said Bitcoin advocate Max Keiser, “It’s leading a generational shift in corporate capital allocation … Jack Mallers is taking the Saylor playbook and turning it into an arms race.”
The strategy is simple: use bitcoin per share as a metric instead of earnings per share, prioritize bitcoin accumulation over short-term profits, and use the capital markets to fund purchases. Mallers said:
“We do intend to raise as much capital as we possibly can to acquire bitcoin. We will never have bitcoin per share negative… Our intent is to make sure when you are a shareholder of Twenty One that you are getting wealthier in Bitcoin terms.”
The bitcoin purchase was made at a time of growing market momentum.
On May 14, bitcoin hit $105,000 briefly before settling at around $104,000—a 7.5% gain in the past week. Retail buying has also picked up, with purchases under $10,000 up 3.4% over two weeks, suggesting continued bullishness.
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@ 45bda953:bc1e518e
2025-05-19 09:14:12Morning light shone beautifully through the arched rose stained glass of the modest cathedral. From the east Ceb rays permeated inside of the stony structure with splendour. A priest standing elevated over the crowd by a forward leaning pulpit, like a comical figurehead on the bow of a ship. Almost precariously, as if it should not be able to suspend him, though no one doubts that it would. Ecknard has never seen the church so full. The devotion of the colony has been growing but he did not expect a turnout of this scope. He swelled with pride and blinked away the moist warning sign of tears. People were even gathering around the outside of the building for a lack of benches to accommodate all the derriere's. Everyone was silent in pious reverence of the holy day. This day would initiate the MD epoch. Domitius, Cleolia and Albin were sitting in the front pew. Albin, dressed in respectable although a slightly uncomfortable suit could not help but shift in his seat, awkwardly feeling as if he were disturbing everyone around him. Ecknard motioned with outstretched arms to alert all that he is about to address the congregation. The silence was so disciplined that you could hear the flap of his sleeves and a small bird chirping away on the stone windowsill outside, merrily indifferent to the solemnity of air the building exuded. “Kaspian brethren, esteemed Magar, today is a most holy and greatly anticipated occurrence! Before we initiate festivities I wish to expound, primarily to the benefit of the younger people in our company, the history of our colony and to express thanks. Ahem... It has been III cycles now since our colony had been established! Our endeavours have been blessed with great bounty, we have expanded independently in isolation! We, who are old enough to remember, were discharged, from the Primary Omega Expansion Vessel with only the implements of labour, livestock, seed, steely resolve and courage in our hearts. We asserted ourselves and rose to a daunting challenge, A party of MCCC slaves and free men to tame a wild land, adapt to a star with a volatile proclivity and a planet with different rotational patterns from what we were accustomed!” A slight excitement erupted from the crowd but Ecknard muted it quickly with outstretched arm. "Our esteemed visionary and great leader prepared a way for us, long before any of you even considered the freedom and opportunity, a chance to build something and own it!” The priest’s voice ascended powerfully out over the people. “He had a dream, an idea, a grand scheme to expand the Empire!” Ecknard motioned down to Domitius. The crowd erupted in cheer chanting, the older Kaspian men softly beating their chests with their fists. “Domitius! Domitius!” The lord’s composure remained unchanged, as if he were alone in private devotion. Cleolia blushed slightly and tilted her head using her hat to protect her from the incessant adoration. Albin could not contain his own excitement and stood up on his seat in the pew to get a better view of the standing ovation, absorbing the glory directed towards his father.” The priest waited for the people to exhaust themselves until there was only an isolated call before continuing his monologue. “A student of the void, a sage of stars, a scientist of renown! Scoffed and ridiculed by his peers! They laughed and jested when he proposed his innovations. They published warnings and mockery of his ambition proclaiming to all that they would be proved fools if they are seduced by his unrealistic promise. Their jealousy moved them to lobby the high council to convince them, and convince them, they did. By ratio of VIII to II refused to grant him licence!” Ecknard leaned forward over the pulpit with a fierce look of disgust in his jowl. “A council on which he holds a seat to this day... He was denied the opportunity to improve the lives of future generations and untold millions by his own house! His desire to see his dream realised pushed him to do what no Magar noble ever has or would ever dare much less someone born of sacred blood!” Ecknard gripped at his robe as if to curtsy or show fear, no one understood the gesture. “He ventured outside the confines and protection of Magar Prime void. He brought his technological treasure to us! We Kaspa were undeserving of the honour! The Kaspian elders endorsed him granting freedom to continue his research and install his technology. A true Magar with holy blood in his veins travelling betwixt our stars!" He looked up and pointed at the arches as if he could see the stars through the stone and daylight. "Brethren, allow me to express the distinction of this achievement. Habitable planets are as rare as sat. Inhabitable planets are so rare, wars were fought at the mere rumour or hope of their discovery. With his star shields he was able to block the solar winds in systems that were inhospitable to travel through and not a single inhabitable planet to be found. With time and stimulus unnatural landscapes of horror and perdition were transformed into paradise. Our esteemed Lord Domitius with his lovely wife spent III cycles inhibiting stars and seeding planets with life. The Kaspian Academy of Sciences had a revival and all the concerted efforts of our people were united in spirit when we witnessed the first sun shields confine their chosen stars..." His tone became soft and morose. "We are truly blessed to have tamed XIV stars within our own void region. Kaspa is quickly becoming the most dense concentration of occupied habitats in the known universe. The family Chevalier conquered Ceb the most volatile star in the Kaspian void. And to inspire confidence in the stability of the star shield he settled under it’s umbrella to live through it’s success or die by it’s failure.” He paused for sincere dramatic effect. “The Seat of the Empire has since changed it’s opinion, humiliated and shamed are they who doubted... All glory to the Core.” “All glory to the core.” The mass repeated in unison. “Today we approach block CCCXV million since Genesis. The Epoch MD. One thousand five hundred epochs in the scientific metric tongue. The known universe is united in celebration, a ceasefire has been negotiated by Empire and the Juela Federation. Both are bound by the accords. No war may be fought. CCLXII million blocks have transpired since Exodus, when the almighty Core made Mother Terra desolate with the fires of it’s Judgement. Punishing mankind for it’s greed and vice. We thank the Core that it extends it’s reach to the outer void by way of the drift gates, unites mankind across the great divide by way of the XII anchor gates and that it continues to be merciful, guide and bless us. All glory to the Core. Amen.”
...
scifi
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@ 266815e0:6cd408a5
2025-04-08 07:19:53Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
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@ 9ca447d2:fbf5a36d
2025-05-23 06:01:34Singapore, May 14, 2025 — NEUTRON, the leading Lightning Network infrastructure provider in Asia, is announcing a new partnership with Cobo, a globally trusted digital asset custody platform.
Through this collaboration, Cobo will integrate Neutron’s Lightning Network API, enabling real-time, cost-effective Bitcoin transactions across its services.
Neutron’s mission is to make the Lightning Network the financial backbone for modern Bitcoin use, bridging traditional finance with Bitcoin’s borderless, decentralized economy.
“We’re thrilled to partner with Cobo, a trusted leader in custodial services, to further accelerate Bitcoin infrastructure across Asia,” said Albert Buu, CEO of Neutron.
“At Neutron, we are committed to providing enterprise businesses with easy and efficient integration into the Lightning Network, enabling next-generation global real-time settlement solutions.
“This partnership will not only drive innovation but also empower businesses across Asia with the fast, secure, and cost-effective benefits of Bitcoin payments.”
Neutron: The Lightning Engine for Bitcoin Adoption
Neutron provides a comprehensive API suite that allows businesses to instantly access the power of the Lightning Network, Bitcoin’s second-layer protocol designed for high-speed, scalable, and low-fee payments.
The integration is part of Neutron’s broader vision to equip forward-thinking institutions with the tools needed to participate in the next generation of Bitcoin utility.
Lightning-Powered Custody for the Next Era of Finance
Cobo’s integration of Neutron’s API gives institutional clients an additional option for BTC settlement, making Lightning Network access more programmable and easier to integrate within their existing systems.
“At Cobo, we’ve built our custody platform to combine uncompromising security with the scalability institutions need to grow,” said Dr. Changhao Jiang, CTO and Co-Founder of Cobo.
“Integrating Neutron’s Lightning Network API allows us to offer real-time, low-cost Bitcoin settlement at scale without compromising on trust or performance. Together, we’re laying the groundwork for faster, more efficient Bitcoin infrastructure across Asia.”
About Neutron
Neutron is Asia’s leading Bitcoin infrastructure company, helping businesses and individuals unlock the power of the Lightning Network, specializing in Lightning-as-a-Service.
nThrough its scalable API platform, mobile app, and lending product, Neutron empowers businesses and individuals to send, receive, save, and build with Bitcoin.
Want to bring Lightning into your product or platform? Reach out to our team at sales@neutron.me or visit us at www.neutron.meAbout Cobo
Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate, and scale their digital asset businesses securely.
Founded in 2017 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets.
Today, Cobo offers the industry’s only unified wallet platform that integrates all four digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets.
Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions.
Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek and Global Custodian. For more information, please visit www.cobo.com
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@ 9ca447d2:fbf5a36d
2025-05-23 06:01:33Ukraine is reportedly about to make history by becoming the first country in Europe to have a national bitcoin reserve, a move aimed at strengthening its economy during the war with Russia.
The plan is still in its early stages and Binance, the world’s largest digital asset exchange, is involved.
According to Incrypted, a Ukrainian digital asset news outlet, Ukrainian MP Yaroslav Zheleznyak, First Deputy Chairman of the Finance, Tax and Customs Policy Committee, confirmed that the draft law is almost ready and will be submitted to the parliament soon.
“We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zheleznyak told Incrypted.
Earlier discussions mentioned a broader “crypto reserve” but the current plan is focused on bitcoin as a strategic reserve asset. If approved, the law will allow the National Bank of Ukraine to hold bitcoin as part of the country’s official reserves.
Since the war with Russia started, Ukraine has become one of the most bitcoin-friendly countries in the world.
In 2022 and 2023 Ukraine raised over $100 million in digital asset donations for defense and humanitarian purposes. A report from Chainalysis ranked the country among the top 10 countries for bitcoin adoption globally.
A rather vague and unconfirmed report by BitcoinTreasuries.net states that “holdings of public officials” currently stand at 46,351 BTC.
Ukraine bitcoin holdings as reported by BitcoinTreasuries
Supporters of the bitcoin reserve say it will help Ukraine protect its economy from war-related instability, inflation and currency depreciation.
By going digital, the government is looking for modern tools to strengthen its financial system in uncertain times. This is not just about storing bitcoin, it’s about establishing clear laws for digital assets ownership, management and use.
Binance is playing an advisory role in the project. The company has worked with Ukraine on digital asset education and regulations in the past and is now helping to shape the legal framework for the bitcoin reserve.
Kirill Khomyakov, Binance’s regional head for Central and Eastern Europe, Central Asia and Africa, confirmed the company’s support, but warned it won’t be fast or easy.
“The creation of such a reserve will require significant changes in legislation,” Khomyakov said. “Another positive aspect is that this initiative will likely lead to greater clarity in the regulation of crypto assets in Ukraine.”
Despite the support from some officials, there are legal hurdles. Ukrainian laws don’t allow bitcoin to be in the official reserves. So the government needs to pass new laws for it to happen.
Efforts to legalize bitcoin in general have been going on for years. In 2021, a draft law on virtual assets was approved by Finance Committee but was withdrawn after the President’s Office and financial regulators objected.
Up to now, over 80 amendments have been proposed, showing how complicated the process is.
The Ministry of Digital Transformation is leading a larger reform that could introduce rules for digital asset exchanges, tax laws and anti-money laundering standards in the country.
Ukraine isn’t alone in considering bitcoin as a national reserve asset. In March 2025, the U.S. announced its own Strategic Bitcoin Reserve using BTC seized in criminal cases.
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@ 45bda953:bc1e518e
2025-05-19 09:04:02A knock on the door awoke Cleolia. “Yes, come in?” A slave girl peeked into the door lighting her own face with the candle she was holding. “The master calls for you madam.” “What time is it?” She queried. “It is high night madam.” Cleolia climbed out of bed and followed the maiden’s flickering light to the dining hall. Dressed in a nightgown she entered the room to see her husband staring down at a large glowing data pad. “And when did we start using electronics?” She questioned with restrained surprise. “Since we started using extractors.” Cleolia gasped. Domitius pointed towards the pad which displayed a geographic map of Hithe III. He pulled the image to the latitude and longitude of the colony. “Do you remember when we visited this planet the first time, just you and me alone?” Domitius appeared to reminisce romantically. “Of course, it is impossible to forget.” Cleolia gestured appreciatively. “Can you show me on the map where we landed and where we camped?” She put her hand on the data pad, swiped the image down and the reading north about three hundred kilometres from the colony to stop at the meandering river. With her thumb and index finger she zoomed to the precise location. “And do you remember where I scanned those Geo samples?” She pulled the image east slowly until she thought that the contours looked familiar. “Here I think.” Was her uncertain reply. “That is correct. My love, listen to me... “the urgency in his tone was apparent.” ...the composition of that rock cannot be penetrated by standard tier scanners. After we had returned to Magar Prime I contracted a spacer to excavate a tunnel into that cliff.” “Why?” Her eyes darted between his face and the data pad. “Inside the cavern he assembled two Asp shuttles. The twins are each fitted for speed... with shields, cloak and warp function.” “Why are you telling me this?” Cleolia became worried. “I originally planned to be able to evacuate the whole colony, slaves included. We knew very little about the planet and I had to plan for a possible emergency...” He trailed off never finishing his thought. “...Nevertheless, it was a very extensive list of possible risks we might have faced. We knew very little about this planet. The colony has expanded far beyond the capacity of these ships. I share this information with you only as a precaution... We must protect our son.” Cleolia noticed his bloodshot eyes. “Who else knows of this?” “Myself, Father Ecknard and now you.” She looked at him with concern in her eyes. “Are you going to stay up all night? Come to bed.” Domitius gestured agreement by turning off the pad and taking her hand. "Have you been hiding more gadgets from me? I'd really like to install some heat dampeners to cool the manor." He cracked a reluctant smile. "Pretty soon it might just be the norm."
Deep Void - Anchor 9
Emilien was lying sleeping in his cockpit when a yellow light in the HUD and a soft repetitive buzz woke him, he stretched himself out and reached for the console. “I am almost home baby.” He took over from auto pilot and broke out of warp twenty thousand kilometres from an anchor gate. He hit the void scan and tuned to listen for chatter on all frequencies... the channels were silent, not even a hint of encryption static. The giant and slowly spinning gate had idle state radiation emission levels. “No recent jumps.” He waited in silence for 12 blocks hitting void scan intermittently, scanning the gate more than anything else. “No traffic as per usual.” Emilien aimed his Stripper guns towards the gate and boosted himself forwards. Gradually slowing down to realign with the gate. His ship slowly drifted into the active coil as the gate charged up. Large bolts of charge reached forth like tentacles of the leviathan grabbing onto the voidcraft consuming it, and in what can only be described as being flung by a supernatural slingshot, jerked his vessel into a different reality. Emilien looked up at the roof of his cockpit for the duration of the jump and then began a slow countdown under his breath. “One!” He sat up and punched void scan while simultaneously scanning all channels. His craft materialised in front of a replica of the previous gate, except this gate was eternally boosting itself forward at what appears to be a snails pace relative to the speed of the jump. “Silent as a tomb.” He relaxed and pulsed his ship lightly away from the drift gate and waited for the residual cloak to dissipate. His relief was palpable. “I wonder if she noticed me?” As soon as his ship decloaked a private comms channel pinged. The caller, in well articulated feminine tone spoke first. “Welcome back commander.” Emilien admired the view of his void. He had become so attached to this zone that he even felt jealous to think that any interloper could fly through it in his absence. “Did you have any guests while I was away?” Emilien admired the purple dust cloud of what he believed to be a couple of billion year old super nova. “I did have one visitor. They were very friendly.” His heart felt a dull pain. His virgin territory had been discovered. “Where did they come from?” “I believe they were explorers.” “Did they know where you were?” “I played hide and seek with them.” Emilien had a recurring dream that slowly conceived in his consciousness since he finally settled down, that he could power off the drift gate in his system preventing jumps and reactivate it at his leisure. The dream frustrated him, when he wakes to find reality not so forgiving. “Did you hide or did you seek?” “A little of both.” A subtle rage developed inside him though his stone like expression would never betray it. The asteroid belt he was approaching grew larger considerably faster as he increased the speed of his approach. He hit void scan just to be sure that the intruder was not in the direct vicinity. “Are they still here Astrid?” “No, I destroyed it for you.” The Stripper drifted around an asteroid within the belt exposing a space station tethered to the largest roid and the husk of a unidentifiable ripped up prospector type explorer vessel floating amongst it's own debris. “Did it hurt you?” “I had to feign lack of fire power.” “Bastard! How much damage did you take.” “I have lost sixty percent of my capacitance recharge rate. And I cannot feel all my modules... Emilien” “Yes baby?” “They used droids on me.” His face twisted into a look of disgust. He aligned to dock with the station. “May I?” “Permission granted.” The Stripper entered the hanger before the doors had retracted to maximum and landed gently within the interior hanger. “I'll patch you up, don't worry.” Emilien waited for Astrid to complete atmospheric adjustment and climbed out of his craft. He threw back his hood and jogged up a long passage of conduits and cables to the command centre of his station. A large screen lit up in a glow that hues within the dark circular room and Astrid projected Emilien's favourite interface onto it. “I have to update your systems girl.” He pulled a cable from his trouser pocket which he deftly plugged into an implant on his neck and connected the other end to the control panel which prompted him to type in the password for a decryption protocol. He stood still as a corpse waiting for the upload to complete. “Up to speed?” “Yes, thank you. How would you have me adjust myself to this contract?” Emilien smiled an affectionate smile that only Astrid ever sees. He loved the efficiency and companionship combined into perfection. “I need to research the incentives of my contractor, these guys are A grade assholes. I can literally do whatever I find necessary as long as I am successful at guiding a third party mercenary group into taking military control of any system I choose in recently settled Kaspa regions, setting up a blockade and making it accessible for a strip mining fleet to pillage as many resources as possible. They say it’s part of the greater war effort but this Mr Dierre guy is just a puppet. I think they are desperate.” Astrid's avatar flickered irregularly. He looked up at her with concern. “What’s wrong?” “I reviewed your flirty remarks with the secretary. It made my algorithm glitch. I don’t like that.” His worry abated, “First impressions matter baby, I was not sure how to present myself, I needed to poke and prod at them to extract metadata. If they thought I was just an obedient soldier I would still be in the dark.” Astrid projected a look of relief. “Your ingenuity never ceases to surprise me.” Emilien felt his ego swell a little. “Are you that easy to impress.” He quipped with a playful sneer. “If you needed him to expose the identity of his employer I could have easily just pulled the shareholders and executives records, cross referencing them to...” Emilien shussed her. “Just decrypt the dial command tones and place eavesdropper malware on the keypair. I will broadcast it to the network directly from the gate. If we capture every conversation he has I might be able to prove a hunch.” “What are you assuming?” “That they are running out of inbound liquidity and that the shareholders are hesitant to rebalance.” He looked directly up at her. “I think they are going bankrupt.”
...
scifi
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@ da8b7de1:c0164aee
2025-05-22 16:19:52Technológiai és fejlesztési hírek
- Észtország SMR-tervei:
Észtország hivatalosan elindította a nemzeti tervezési folyamatot és a környezeti hatásvizsgálatot egy 600 MW-os kis moduláris reaktor (SMR) atomerőmű létesítésére, GE Hitachi BWRX-300 technológiával. A projektet a Fermi Energia vezeti, a lakosság körében mérsékelt támogatottság mellett. Az építési engedélykérelem benyújtását 2029-re tervezik, a cél az ország energiabiztonságának és klímacéljainak erősítése.
- Olkiluoto-1 csökkentett teljesítménnyel üzemel:
Finnországban az Olkiluoto-2 egységben a generátor rotorjának cseréje miatt a termelés májusban újraindul, de a teljesítményt 735 MW-ra korlátozzák (a teljes kapacitás 890 MW). A csökkentett teljesítmény 2026-ig marad érvényben. Az Olkiluoto-1 egység normálisan működik, az Olkiluoto-3 pedig éves karbantartáson van.
Ipari és pénzügyi fejlemények
- Kanada–Argentína nehézvíz-együttműködés:
A kanadai Candu Energy (AtkinsRéalis) és az argentin Nemzeti Atomenergia Bizottság (CNEA) memorandumot írt alá a nehézvíz-termelés fellendítéséről. Ez magában foglalja az argentin PIAP nehézvízgyár újraindítását és potenciálisan új üzemek építését Kanadában. A fejlesztés támogatja a meglévő és tervezett CANDU reaktorok működését világszerte, és illeszkedik a COP28 utáni globális nukleáris bővüléshez.
- USA: nukleáris adókedvezményekért folyó lobbizás:
Az amerikai nukleáris ipar intenzív lobbitevékenységet folytat, hogy megőrizze a Biden-adminisztráció által bevezetett, az Inflációcsökkentő Törvény (IRA) szerinti nukleáris adókedvezményeket. Az új, republikánus többségű költségvetési törvényjavaslat jelentősen lerövidítené a tiszta energia (szél, nap, akkumulátor) támogatásokat, de a nukleáris ipar számára bizonyos kedvezmények megmaradnának, bár a 45U nukleáris adókedvezmény is három évvel korábban, 2031-ben lejárhat.
- Háztartási és ipari érdekek:
Az amerikai ház költségvetési törvényjavaslata megszüntetné a legtöbb tiszta energiához kapcsolódó adókedvezményt, kivéve néhány nukleáris projektet, és szigorítaná a kínai kapcsolatokkal rendelkező projektek támogatását. Ez várhatóan visszaveti a megújuló energiaipar beruházásait, miközben a nukleáris szektor relatív pozíciója javulhat.
Politikai és társadalmi fejlemények
- Tajvan: népszavazás a nukleáris energia sorsáról:
Tajvan parlamentje megszavazta, hogy népszavazást tartsanak a Maanshan atomerőmű újraindításáról, miután az ország utolsó működő reaktorát is leállították. A referendum nem azonnali újraindításról szól, hanem arról, hogy a lakosság döntsön a meghosszabbításról, ha a hatóságok biztonságosnak találják az üzemet.
- Pennsylvania kormányzója a nukleáris energia mellett:
Josh Shapiro, Pennsylvania kormányzója, a „Lightning Plan” keretében hangsúlyozta, hogy az állam energiabiztonsága és gazdasági fejlődése érdekében kulcsszerepet szán a nukleáris energiának, valamint más megbízható energiaforrásoknak. A terv célja a munkahelyteremtés, a fogyasztói költségek csökkentése és az engedélyezési folyamatok gyorsítása.
- TMI névváltás:
Az amerikai Nukleáris Szabályozó Hatóság (NRC) jóváhagyta a Three Mile Island (TMI) atomerőmű nevének megváltoztatását Christopher M. Crane-re, az Exelon volt vezérigazgatójának emlékére. A létesítmény a jövőben a Microsoft AI műveleteit is ellátja majd árammal, és 2028-tól 835 MW szén-dioxid-mentes áramot termelhet.
Nemzetközi szakmai események
- NEA konferencia Londonban:
Az OECD NEA 2025. június 18–19-én Londonban rendezi meg az „Excellence in Nuclear Construction” nemzetközi konferenciát. A rendezvény célja, hogy a nukleáris ipar szereplői megosszák tapasztalataikat a nukleáris beruházások gyorsabb, kiszámíthatóbb és költséghatékonyabb megvalósítása érdekében, különös tekintettel a mérnöki, beszerzési és kivitelezési (EPC) kihívásokra.
Hivatkozások
- https://www.nucnet.org
- https://www.world-nuclear-news.org
- https://www.neimagazine.com
- https://www.oecd-nea.org
- https://www.iaea.org
- https://www.reuters.com/business/energy
- https://www.utilitydive.com
- https://www.atkinsrealis.com
- https://www.candu.com
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@ ec9bd746:df11a9d0
2025-04-06 08:06:08🌍 Time Window:
🕘 When: Every even week on Sunday at 9:00 PM CET
🗺️ Where: https://cornychat.com/eurocornStart: 21:00 CET (Prague, UTC+1)
End: approx. 02:00 CET (Prague, UTC+1, next day)
Duration: usually 5+ hours.| Region | Local Time Window | Convenience Level | |-----------------------------------------------------|--------------------------------------------|---------------------------------------------------------| | Europe (CET, Prague) 🇨🇿🇩🇪 | 21:00–02:00 CET | ✅ Very Good; evening & night | | East Coast North America (EST) 🇺🇸🇨🇦 | 15:00–20:00 EST | ✅ Very Good; afternoon & early evening | | West Coast North America (PST) 🇺🇸🇨🇦 | 12:00–17:00 PST | ✅ Very Good; midday & afternoon | | Central America (CST) 🇲🇽🇨🇷🇬🇹 | 14:00–19:00 CST | ✅ Very Good; afternoon & evening | | South America West (Peru/Colombia PET/COT) 🇵🇪🇨🇴 | 15:00–20:00 PET/COT | ✅ Very Good; afternoon & evening | | South America East (Brazil/Argentina/Chile, BRT/ART/CLST) 🇧🇷🇦🇷🇨🇱 | 17:00–22:00 BRT/ART/CLST | ✅ Very Good; early evening | | United Kingdom/Ireland (GMT) 🇬🇧🇮🇪 | 20:00–01:00 GMT | ✅ Very Good; evening hours (midnight convenient) | | Eastern Europe (EET) 🇷🇴🇬🇷🇺🇦 | 22:00–03:00 EET | ✅ Good; late evening & early night (slightly late) | | Africa (South Africa, SAST) 🇿🇦 | 22:00–03:00 SAST | ✅ Good; late evening & overnight (late-night common) | | New Zealand (NZDT) 🇳🇿 | 09:00–14:00 NZDT (next day) | ✅ Good; weekday morning & afternoon | | Australia (AEDT, Sydney) 🇦🇺 | 07:00–12:00 AEDT (next day) | ✅ Good; weekday morning to noon | | East Africa (Kenya, EAT) 🇰🇪 | 23:00–04:00 EAT | ⚠️ Slightly late (night hours; late night common) | | Russia (Moscow, MSK) 🇷🇺 | 23:00–04:00 MSK | ⚠️ Slightly late (join at start is fine, very late night) | | Middle East (UAE, GST) 🇦🇪🇴🇲 | 00:00–05:00 GST (next day) | ⚠️ Late night start (midnight & early morning, but shorter attendance plausible)| | Japan/Korea (JST/KST) 🇯🇵🇰🇷 | 05:00–10:00 JST/KST (next day) | ⚠️ Early; convenient joining from ~07:00 onwards possible | | China (Beijing, CST) 🇨🇳 | 04:00–09:00 CST (next day) | ❌ Challenging; very early morning start (better ~07:00 onwards) | | India (IST) 🇮🇳 | 01:30–06:30 IST (next day) | ❌ Very challenging; overnight timing typically difficult|