@ 348e7eb2:3b0b9790

Nostr-Konto erstellen

Nostr-Konto erstellen

Was der Button macht

Der folgende Code fügt einen Button hinzu, der per Klick einen Nostr-Anmeldedialog öffnet. Alle Schritte sind im Code selbst ausführlich kommentiert.

```html

Nostr-Konto erstellen

```

Erläuterungen:

• Dynamisches Nachladen: Das Script modal.js wird nur bei Klick nachgeladen, um Fehlermeldungen beim Initial-Load zu vermeiden.

• Parameter im Überblick:

• baseUrl: Quelle für API und Assets.

• an: App-Name für den Modal-Header.
• aa: Farbakzent (Foerbico-Farbe als Hex).
• al: Sprache des Interfaces.
• am: Licht- oder Dunkelmodus.
• afb/asb: Bunker-Modi für erhöhten Datenschutz.
• aan/aac: Steuerung der Rückgabe privater Schlüssel.
• arr/awr: Primal Relay als Lese- und Schreib-Relay.

• Callbacks:

• onComplete: Schließt das Modal, zeigt eine Bestätigung und bietet die Weiterleitung zu Primal an.

• onCancel: Schließt das Modal und protokolliert den Abbruch.

Damit ist der gesamte Code sichtbar, kommentiert und erklärt.

Accounts

as: [ 'npub1f7jar3qnu269uyx5p0e4v24hqxjnxysxudvujza2ur5ehltvdeqsly2fx9', 'npub1ak7mtjnyha96rjqjdaav7tkjjulcmx7vgmcd6map82vsags8dhtsmecgtd', 'npub1cmvrxn8k50ljamtqlcd3eqznqlnz50zpyp2q45dh0p5gcvyg84ksxezqps', 'npub14c3ffunyuzpl69y526dcknn785t35zvq6y63pvxvmfvghfj6dewqc0v55d', ],

      ## funzt#️⃣
      https://nstart.me/de?an=MeineApp&at=popup&am=light&aa=203a8f&asb=yes&s=npub1f7jar3qnu269uyx5p0e4v24hqxjnxysxudvujza2ur5ehltvdeqsly2fx9,npub1ak7mtjnyha96rjqjdaav7tkjjulcmx7vgmcd6map82vsags8dhtsmecgtd

@ 0e9491aa:ef2adadf

What is KYC/AML?

• The acronym stands for Know Your Customer / Anti Money Laundering.
• In practice it stands for the surveillance measures companies are often compelled to take against their customers by financial regulators.
• Methods differ but often include: Passport Scans, Driver License Uploads, Social Security Numbers, Home Address, Phone Number, Face Scans.
• Bitcoin companies will also store all withdrawal and deposit addresses which can then be used to track bitcoin transactions on the bitcoin block chain.
• This data is then stored and shared. Regulations often require companies to hold this information for a set number of years but in practice users should assume this data will be held indefinitely. Data is often stored insecurely, which results in frequent hacks and leaks.  
• KYC/AML data collection puts all honest users at risk of theft, extortion, and persecution while being ineffective at stopping crime. Criminals often use counterfeit, bought, or stolen credentials to get around the requirements. Criminals can buy "verified" accounts for as little as $200. Furthermore, billions of people are excluded from financial services as a result of KYC/AML requirements.

During the early days of bitcoin most services did not require this sensitive user data, but as adoption increased so did the surveillance measures. At this point, most large bitcoin companies are collecting and storing massive lists of bitcoiners, our sensitive personal information, and our transaction history.

Lists of Bitcoiners

KYC/AML policies are a direct attack on bitcoiners. Lists of bitcoiners and our transaction history will inevitably be used against us.

Once you are on a list with your bitcoin transaction history that record will always exist. Generally speaking, tracking bitcoin is based on probability analysis of ownership change. Surveillance firms use various heuristics to determine if you are sending bitcoin to yourself or if ownership is actually changing hands.  You can obtain better privacy going forward by using collaborative transactions such as coinjoin to break this probability analysis.

Fortunately, you can buy bitcoin without providing intimate personal information. Tools such as peach, hodlhodl, robosats, azteco and bisq help; mining is also a solid option: anyone can plug a miner into power and internet and earn bitcoin by mining privately.

You can also earn bitcoin by providing goods and/or services that can be purchased with bitcoin. Long term, circular economies will mitigate this threat: most people will not buy bitcoin - they will earn bitcoin - most people will not sell bitcoin - they will spend bitcoin.

There is no such thing as KYC or No KYC bitcoin, there are bitcoiners on lists and those that are not on lists.

---

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

@ 2b468756:7930dd9c

Agorisme is libertarisme in de praktijk: op legale wijze maximale economische en persoonlijke vrijheid. Samen ontdekken en delen we wat er allemaal mogelijk is. We doen dit door: - organiseren jaarlijks agorismefestival - organiseren meerdere themadagen / excursies per jaar - bundelen praktische kennis op Agorisme Wiki - online uitwisselen via (thema)appgroepen

Op deze site worden activiteiten aangekondigd en kun je je opgeven.

Binnenkort: - cursussen metselen, stucen en vloeren - reis naar libertarisch dorp Walden Woods en Liberstad in Noorwegen - introductie Krav Maga zelfverdediging

We zijn gelieerd aan de libertarische partij.

Graag tot ziens!

@ cae03c48:2a7d6671

Bitcoin Magazine

KindlyMD, Nakamoto, and Anchorage Digital Form Strategic Bitcoin Treasury Alliance

Nakamoto 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.

LFG https://t.co/BtUDdwwLQF

— 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.

@ eed7ca5d:191de8eb

Growing up, we were told that in order to build wealth, we need to save little by little. By living below your means, you are providing more for your future. 

It is a simple formula that will help you build up the capital necessary to buy a car, a house or start a business… You prioritize long-term benefits and delayed gratification over immediate rewards. 

This is called having a low-time preference. In contrast, high-time preference individuals prioritize today over tomorrow, seeking immediate gratification. 

Austrian economists explain that civilization growth is driven by low-time preference societies. Groups of individuals who prioritize long-term planning are able to innovate and develop new tools for a better future. Over time, this behavior leads to technological inventions like the light bulb and artistic masterpieces like the Notre Dame cathedral.

***What happens when you realize that the money you save is losing value over time? ***

There is less incentive to save for the future, because in the future your savings will be worth less. You might as well spend it now and enjoy life today. 

When the money you save loses its value, you are facing one of two choices: 

• Spend it today and reap the rewards of your hard work; 

• Invest it (stocks, real estate, etc.) with the hope to reap higher rewards later, bearing the risk of losing it all if the investment does not pay off. 

There is a distinct difference between saving and investing as the latter approach is riskier than the former. By investing, you are betting on the upside while bearing the downside risk. Saving, in contrast, comes without downside risk. That difference becomes blurry when the money you save is losing value. In fact, saving becomes inherently a losing approach. Logically, you will be forced to place a speculative bet with the hope to outperform the guaranteed loss of value. You are required to find a way to hedge your bet…

Humans over time have always sought out a medium to save their economic energy for a better future. That used to be beads and seashells, and evolved to precious metals like gold and silver. 

Money is a tool that we use to save our economic energy over time, and exchange value with each other. 

I spend time fishing, you spend time farming, the neighbor spends time building homes, and society rewards us with money for the time and energy we spent being productive

Today, the tool that we use to save our economic energy is clearly losing value over time. The nominal value remains the same, but the purchasing power is decreasing. In other words, the value of our time today will be worth less in the future. 

That explains why everyone around us is looking for the next best investment opportunity. We are all needing to become investment experts, speculators, on top of our respective professions. Speculation became necessary, and some of us are forced into a high-time preference lifestyle. 

Earn now and spend it all now before you lose it.

This should not be the case… 

Time is Money

Our time is the only scarce resource we all have. We use it to be productive and generate economic value, then store that value in the form of money in order to reap the rewards in the future. 

Money is the abstract representation of our time. Hence, time is money.  

In January 2009, at the height of the global financial crisis, a software protocol called Bitcoin was released pseudonymously by Satoshi Nakamoto. This individual (or group) released a whitepaper a few months prior named “Bitcoin: A Peer-to-Peer Electronic Cash System” outlining how the system enables secure, peer-to-peer transactions without relying on a central authority. (https://bitcoin.org/bitcoin.pdf)

Although there are more technical concepts involved, the bitcoin protocol can be thought of as a language for communicating value. The same way we respect the rules of the English language to communicate ideas with one another, bitcoin users adhere to the network’s consensus rules to communicate value with each other in a peer-to-peer fashion. 

There are no physical or digital coins in the bitcoin network. Rather, it is a collection of transactions transferring value from sender to recipient. Transactions are validated and propagated by nodes across the network, before being recorded into the blockchain. The Bitcoin blockchain is a global public ledger of all transactions that cannot be altered. 

More importantly, Bitcoin is money that does not lose value overtime. 

• Its supply is capped at 21 million coins. 

• Its scarcity increases over time due to the predictable issuance rate, which halves roughly every 4 years.

• Its decentralized nature puts the power in the hands of its users.

• There is no governing body that can devalue or alter it. 

It is a tool that we can use to save our economic energy over time, and be able to use it later. 

It is the scarcest verifiable commodity: we cannot make more of it no matter how high its demand grows. That cannot be said for any other commodity in the world today. 

A savings tool in disguise

See, most people tend to view bitcoin as another speculative investment. They presume they have missed out on another investment opportunity, and it’s now too late to get in. 

Meanwhile, it is quite the opposite. Bitcoin’s value will keep growing over time due to its deflationary nature.

With bitcoin, we can save for a better future, for a rainy day, and spend more time with our loved ones or focusing on our craft to build better tools or artistic masterpieces. It takes away the burden of having to speculate on which stock will perform best, or which real estate market will grow the fastest, all while working one or multiple jobs

Bitcoin is not another investment opportunity you missed out on. It is the best savings tool humans have invented (or discovered), while everything else is the speculative bet. Bitcoin is the hedge against the guaranteed devaluation of money, without any counterparty risk. 

What we were taught as children is true. With the right tool, the idea that saving will help you build wealth overtime stands true. Bitcoin might seem like an investment today given the volatility during its adoption phase. In reality, it is the perfect way to store your time and economic energy and grow your wealth. Whether you make $1/hour or $1M/hour, you can start saving in the best money humans have invented. 

My goal is to help people around me understand this technology and break the stigma around it. 

Bitcoin is not the next best investment. 

It is the best tool we have found to store our economic energy across time and exchange value with each other.

Bitcoin is Money.

@ 3eba5ef4:751f23ae

The 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:

1. 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.
2. 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:

• RFC 49: CKB-VM Version 2
• RFC 50: VM Syscalls 3

Explore the CFI (Control Flow Integrity) extension on RISC-V:

• Against ROP Attacks: A Blockchain Architect’s Take on VM-Level Security

Check out the Inter-Process Communication (IPC) layer built on top of spawn syscalls:

• Transforming IPC in CKB On-Chain Script: Spawn and the Custom Library for Simplified Communication
• GitHub Repo

@ db39407c:a36c161e

123BET trải nghiệm giải trí online đang trở thành điểm đến lý tưởng cho cộng đồng yêu thích cá cược trực tuyến tại Việt Nam nhờ sự kết hợp giữa công nghệ hiện đại và dịch vụ người dùng xuất sắc. Với định hướng phát triển lâu dài và bền vững, 123BET không chỉ cung cấp hàng trăm trò chơi hấp dẫn từ slot game, baccarat, tài xỉu, bắn cá, roulette đến live casino mà còn tích hợp hệ thống cá cược thể thao đỉnh cao, đem lại sự đa dạng và linh hoạt trong lựa chọn giải trí cho người chơi. Giao diện website và ứng dụng được thiết kế tối ưu cho người Việt, dễ sử dụng, tốc độ mượt mà, tương thích hoàn toàn với mọi hệ điều hành như iOS, Android, Windows… chỉ với một tài khoản duy nhất, bạn có thể dễ dàng đăng nhập và tận hưởng mọi dịch vụ cá cược không giới hạn mọi lúc, mọi nơi. 123BET đặc biệt chú trọng đến tính minh bạch, khi toàn bộ trò chơi đều được chứng nhận bởi các tổ chức kiểm định quốc tế, đảm bảo công bằng tuyệt đối trong từng ván cược.

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@ fbf0e434:e1be6a39

Hackathon 概要

AI BUIDL Lab: 基于提示工程（Prompt Engineering）在 Rootstock 上构建真实 Web3 应用的黑客松 近日收官，共有 211 名开发者注册并提交 22 个项目。本次活动旨在鼓励开发者借助 AI 驱动的工作流程，在 Rootstock 平台开发 Web3 应用。参与者聚焦三大领域：去中心化金融（DeFi）与支付、商业与零工经济，以及 Web3 身份与声誉体系，通过 AI 技术加速去中心化应用（dApps）的创新迭代。

活动产出丰硕成果，包括去中心化金融解决方案、AI 增强型身份管理系统等，凸显了 AI 与 Web3 集成的潜力。赛事奖金池包含 1.5 万美元的 RIF 代币，用于奖励在创意性和技术执行力方面表现突出的顶尖项目。

本次黑客松不仅印证了 AI 在简化去中心化应用开发中的价值，也展现了 Web3 生态系统的进阶成果。活动与 thirdweb、Alchemy 及 RootstockLabs 的合作，为开发者高效参与及产出创新项目提供了有力支持。

Hackathon 获奖者

DeFi 和支付奖项得主

• ProtectedPay_Rootstock：一个在 CrossFi 链上的 DeFi 平台，通过先进的区块链功能促进安全转账、群体支付和智能储蓄。
• AIFi: AI-Powered DeFi Hub on Rootstock：利用 AI 提供汇款、信用评分和用户界面改善，提高拉丁美洲的金融可访问性。

商业和零工经济奖项得主

• SwipeGig：一个利用区块链和 AI 连接自由职业者和客户的去中心化人才市场，确保安全交易。
• HireStamp：使用 AI 评分的凭证进行简历验证，将信誉锚定于比特币的安全基础设施。

Web3 中的身份和声誉奖项得主

• AgenticID：提供自我主权身份验证，结合区块链和 AI，使用零知识证明进行安全的用户认证。
• TrustScan：使用 AI 分析 Rootstock 上的钱包活动，生成信誉和身份评分，加强信任。

赏金最佳 AI 提示使用

• AuditFi_Rootstock：提供 AI 驱动的智能合约安全审计，通过链上验证增强透明度和信任。
• RSK Smart Yield Engine：一个 AI 驱动的 DeFi 协议收益优化器，通过智能合约和 AI 管理资金和制定策略。

有关所有项目的更多信息，请访问 DoraHacks。

关于组织者

Rootstock

Rootstock - 比特币 DeFi 层 - 专注于将比特币强大的网络与以太坊的智能合约功能相结合，提升区块链的互操作性。Rootstock 以技术专长著称，已经创建了一个支持去中心化金融应用的平台。该组织致力于通过扩展在金融服务中智能合约的可访问性和功能性来推动区块链领域的创新。

@ fbf0e434:e1be6a39

Hackathon 概要

JAMHacks 9 于 2025 年 5 月 16 日至 18 日在滑铁卢大学举办。作为 JAMHacks 系列的第九届黑客松，该活动汇聚了 170 名高中黑客爱好者，最终评审通过 49 个项目，充分彰显了年轻开发者的技术实力。此次黑客松旨在为高中生打造培育成长的平台，搭配工作坊与互动活动，助力提升技术能力并拓展社交网络。

参与者带来了丰富的项目成果：基于 Pico-8 的创意开发、运用 MongoDB Atlas 的创新应用，以及展示新兴技术应用的生成式 AI 模型项目。活动设置多个奖项类别，包括最佳新手项目、最佳开发者工具、生成式 AI 最佳应用等。奖品涵盖智能手表、无人机、QuillBot 连帽衫，以及其他黑客松的参赛资格。

除技术成果外，JAMHacks 9 同样注重营造趣味互动体验，特别举办扑克之夜、社交派对等活动。此次黑客松成功为年轻开发者搭建了技能提升、创意孵化与专业联结的平台，切实践行其推动科技行业包容性与可及性的愿景。

Hackathon 获奖者

总奖项获奖者

• Mr. Goose：一个有趣的VS Code扩展，为初学者提供提示和鼓励，促进学习而不直接解决问题。
• Guideline：一个基于AR的工具，通过增强现实引导初学电子爱好者进行面包板组装。
• ARmatica：将2D硬件示意图转换为3D AR模型，通过改进可视化增强工程和原型设计过程。

初学者赛道奖项获奖者

• Duedle：一个任务管理应用，利用AI将大型任务分解为可管理的小任务，并提供进度跟踪以提高生产力。

单人赛道奖项获奖者

• Lofied：一个Python应用程序，将Spotify播放列表变为lo-fi版本，具有音乐分离和乐谱生成功能。

女性赛道奖项获奖者

• Doomlings：结合游戏化和教育任务，通过战斗游戏界面提高学生的学习和参与。

Warp 赛道奖项获奖者

• Mr. Goose

Hack Canada 赛道奖项获奖者

• Dionysus：一个用于组织协作活动和参与的平台，提供实时活动管理的统一界面。

MLH 赛道奖项获奖者

• Karma：一个记录和分享积极行动的社交平台，促进自我提升和环境保护，以鼓励社区参与。
• helpidontknowhowtonetworkin.tech：一个使用面部识别和LinkedIn数据的AI驱动网络助手，帮助在活动中建立专业联系。
• SnapCAD：从图像或图纸生成可定制的3D模型，简化工程项目的集成。

PEX Labs 奖项获奖者

• Arctic Explorer：一个Pico-8开放世界游戏，通过探索北极环境促进可持续实践，可以扩展附加小游戏和地图。

查看所有项目 JAMHacks 9。

关于组织者

JAMHacks

JAMHacks 在科技和区块链领域因促进技术爱好者之间的创新与合作而备受认可。该组织擅长举办Hackathon，为开发现实世界挑战的实际解决方案提供了一个平台。JAMHacks 聚焦于技术赋权，已组织多场活动，吸引了来自不同背景的参与者。他们的倡议强调技术技能发展和网络拓展，充分体现了他们致力于推进技术教育和培养一个包容的社区，为有抱负的技术人员和开发者服务。

@ 2a7cc007:ce0cc497

A era digital transformou completamente a forma como as pessoas se divertem, e a plataforma 5542 é um exemplo claro dessa evolução. Com uma proposta inovadora, acessível e repleta de possibilidades, a 5542 vem conquistando milhares de usuários brasileiros que buscam entretenimento seguro, moderno e de alta qualidade.

Desde o primeiro acesso, a 5542 impressiona pela interface intuitiva e pelo seu desempenho fluido tanto em computadores quanto em dispositivos móveis. Isso garante uma experiência agradável para todos os perfis de usuários, desde os mais experientes até os iniciantes no mundo dos jogos online.

Variedade que Encanta Um dos grandes destaques da 5542 é sua ampla gama de opções de jogos. A plataforma oferece títulos que agradam a diferentes gostos e estilos, desde clássicos consagrados até novidades empolgantes. Todos os jogos são desenvolvidos por fornecedores reconhecidos internacionalmente, garantindo gráficos de alta qualidade, trilhas sonoras envolventes e mecânicas de jogo equilibradas.

Jogos de cartas, roletas, slots e modalidades ao vivo com interação em tempo real são apenas alguns dos destaques que fazem parte do portfólio da 5542. Essa diversidade é um dos motivos pelos quais a plataforma se mantém em constante crescimento e atrai cada vez mais usuários em todo o Brasil.

Segurança e Confiabilidade A segurança é um fator primordial na escolha de uma plataforma de entretenimento online, e a 5542 leva isso muito a sério. O site utiliza tecnologia de criptografia de ponta para proteger os dados pessoais e financeiros dos usuários, além de contar com um sistema rigoroso de verificação de identidade, garantindo um ambiente confiável e livre de fraudes.

Além disso, a 5542 é comprometida com o jogo responsável, oferecendo ferramentas para que os usuários possam definir limites de tempo e de gastos. Essa abordagem mostra o compromisso da plataforma com o bem-estar dos seus participantes.

Promoções e Bônus Atrativos Outro diferencial da 5542 são suas promoções constantes e bônus generosos. Desde o momento do cadastro, os usuários já são recebidos com vantagens especiais, como bônus de boas-vindas e giros grátis em jogos selecionados. A plataforma também realiza campanhas temáticas e sorteios com prêmios reais, tornando a experiência ainda mais envolvente e recompensadora.

Essas promoções são atualizadas com frequência e muitas vezes incluem eventos sazonais, o que incentiva os jogadores a retornarem sempre e aproveitarem novas oportunidades.

Suporte de Qualidade e Atendimento em Português Um ponto que merece destaque é o suporte ao cliente da 5542. Disponível em português e com atendimento 24 horas por dia, a equipe está sempre pronta para ajudar os usuários com dúvidas, problemas técnicos ou qualquer necessidade. Esse suporte eficiente e humanizado faz toda a diferença, especialmente para quem está começando.

Conclusão A plataforma 5542 se estabelece como uma das líderes no mercado de entretenimento digital no Brasil. Sua combinação de tecnologia de ponta, variedade de jogos, promoções generosas e compromisso com a segurança oferece uma experiência completa para quem busca diversão online com praticidade e confiabilidade.

Se você está em busca de uma plataforma moderna, segura e cheia de opções envolventes, a 5542 é a escolha certa. Explore, jogue e aproveite uma nova forma de se divertir, tudo isso sem sair de casa.

@ 2a7cc007:ce0cc497

Nos últimos anos, o entretenimento online cresceu exponencialmente no Brasil, e plataformas como a 755bet vêm se destacando por oferecer uma experiência completa, segura e repleta de diversão. Com um catálogo variado de jogos, bônus atrativos e suporte eficiente, a 755bet vem conquistando a preferência de jogadores iniciantes e experientes em todo o país.

Interface Moderna e Navegação Intuitiva Uma das grandes vantagens da 755bet é sua interface moderna e amigável. Desde o primeiro acesso, é fácil perceber o cuidado com o design da plataforma. Os menus são bem organizados, facilitando a navegação mesmo para quem não tem muita familiaridade com esse tipo de ambiente. Tudo está a poucos cliques de distância: jogos ao vivo, apostas esportivas, promoções e muito mais.

Variedade de Jogos para Todos os Gostos A diversidade de jogos é um dos pontos fortes da 755bet. Os usuários encontram uma enorme gama de opções que vão desde jogos de cartas clássicos até modalidades mais modernas e dinâmicas, com gráficos de alta qualidade e mecânicas envolventes. A plataforma trabalha com desenvolvedores renomados do setor, garantindo sempre a melhor experiência visual e sonora.

Além disso, há também uma seção dedicada às apostas esportivas, onde os usuários podem apostar em eventos nacionais e internacionais, incluindo futebol, basquete, tênis, e-sports e muito mais. Essa variedade agrada tanto os fãs de esportes quanto aqueles que procuram uma alternativa de diversão com um toque estratégico.

Bônus e Promoções Exclusivas Outro grande atrativo da 755bet são os bônus oferecidos para novos e antigos usuários. Logo ao se cadastrar, o jogador já pode aproveitar ofertas de boas-vindas bastante competitivas. Mas o diferencial está nas promoções constantes para quem já é cliente, incluindo bônus de recarga, cashback, giros grátis e desafios especiais que tornam a experiência ainda mais empolgante.

Esses incentivos são uma forma eficaz de manter os usuários engajados e motivados, oferecendo mais oportunidades de explorar os jogos e, quem sabe, conseguir boas recompensas.

Segurança e Suporte ao Usuário A 755bet preza muito pela segurança de seus usuários. A plataforma utiliza criptografia de dados e outros protocolos de proteção para garantir que todas as informações estejam sempre seguras. Além disso, os métodos de pagamento são variados e confiáveis, incluindo opções populares no Brasil como Pix, boleto bancário, transferência e carteiras digitais.

Outro ponto que merece destaque é o suporte ao cliente. A equipe de atendimento está disponível 24 horas por dia, sete dias por semana, por meio de chat ao vivo e e-mail. O suporte é eficiente, cordial e preparado para resolver qualquer dúvida ou dificuldade rapidamente.

Acesso Fácil em Qualquer Dispositivo Com o avanço da tecnologia móvel, é essencial que uma plataforma esteja otimizada para smartphones e tablets. A 755bet entende isso e oferece uma experiência fluida tanto na versão desktop quanto no mobile. Seja no Android ou iOS, os usuários podem acessar a plataforma de qualquer lugar, a qualquer hora, com a mesma qualidade.

@ 21335073:a244b1ad

The 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.

@ 0e9491aa:ef2adadf

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

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

— ODELL (@ODELL) October 27, 2022

The Basics

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

There is no 'Lightning Network'

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

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

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

Lightning in Practice

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

Sovereign Lightning

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

The Potential Fracture of Lightning

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

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

Summary

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

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

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

@ 0e9491aa:ef2adadf

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

— ODELL (@ODELL) December 14, 2022

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

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

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

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

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

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

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

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

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

@ 3fa9f42b:00d5e778

S689 đang ngày càng khẳng định vị thế của mình như một nền tảng kỹ thuật số uy tín và thân thiện với người dùng tại thị trường Việt Nam. Với giao diện hiện đại, tinh gọn và dễ sử dụng, S689 tạo cảm giác thoải mái ngay từ lần đầu truy cập. Tất cả các yếu tố từ thiết kế, bố cục, màu sắc đến cách bố trí các chức năng đều được tối ưu để phục vụ nhu cầu truy cập nhanh chóng và thuận tiện. Người dùng có thể sử dụng S689 trên nhiều thiết bị khác nhau như điện thoại thông minh, máy tính bảng hay laptop mà không gặp khó khăn về tương thích hay tốc độ tải trang. Hệ thống tìm kiếm nhanh, điều hướng mượt mà và khả năng cá nhân hóa nội dung theo sở thích giúp S689 trở thành một lựa chọn lý tưởng cho những ai tìm kiếm sự linh hoạt và hiệu quả trong trải nghiệm số hằng ngày. Không chỉ đơn thuần là một nền tảng trực tuyến, S689 còn là cầu nối mang đến sự tiện nghi, kết nối người dùng với các nội dung chất lượng và phù hợp với nhu cầu cá nhân.

Một trong những điểm mạnh nổi bật của S689 chính là khả năng vận hành ổn định và độ bảo mật cao. Nền tảng được xây dựng trên nền tảng công nghệ tiên tiến, luôn cập nhật các tiêu chuẩn kỹ thuật mới để đảm bảo hiệu suất hoạt động mượt mà và ổn định nhất. Người dùng không phải lo lắng về gián đoạn dịch vụ hay những lỗi kỹ thuật gây ảnh hưởng đến trải nghiệm. Sự an toàn thông tin cá nhân luôn được đặt lên hàng đầu, với các biện pháp bảo mật đa lớp, mã hóa dữ liệu và kiểm soát truy cập chặt chẽ. Chính sách bảo mật minh bạch và hệ thống giám sát tự động giúp người dùng yên tâm khi sử dụng S689 trong thời gian dài. Bên cạnh đó, đội ngũ chăm sóc khách hàng chuyên nghiệp của S689 hoạt động liên tục 24/7 để hỗ trợ người dùng giải quyết mọi vấn đề một cách nhanh chóng, từ các thắc mắc kỹ thuật cho đến hỗ trợ về thông tin tài khoản. Nhờ đó, S689 không chỉ đảm bảo chất lượng dịch vụ mà còn tạo được sự tin tưởng tuyệt đối từ cộng đồng người dùng.

Không dừng lại ở việc xây dựng một nền tảng kỹ thuật số chất lượng, S689 còn chú trọng phát triển một cộng đồng tương tác tích cực và sôi động. Các hoạt động sự kiện, ưu đãi định kỳ và chương trình tặng thưởng cho người dùng thân thiết giúp tạo ra sự gắn bó lâu dài giữa người dùng và nền tảng. Sự tương tác không chỉ đơn thuần mang tính cá nhân mà còn mở rộng ra thành các kết nối cộng đồng, nơi người dùng có thể chia sẻ kinh nghiệm, hỗ trợ nhau và cùng nhau trải nghiệm tiện ích trên nền tảng. Điều này giúp S689 không chỉ là một công cụ sử dụng đơn lẻ, mà còn là một phần của cuộc sống kỹ thuật số hiện đại, nơi mà mỗi người dùng đều cảm nhận được giá trị và sự quan tâm. Với định hướng phát triển bền vững, lấy người dùng làm trung tâm, S689 tiếp tục mở rộng quy mô, cải tiến chất lượng và ứng dụng công nghệ tiên tiến để phục vụ tốt hơn nhu cầu ngày càng đa dạng của người sử dụng. Đây chính là lý do S689 đang ngày càng được yêu thích và tin dùng rộng rãi trên thị trường hiện nay.

@ 0e9491aa:ef2adadf

The newly proposed RESTRICT ACT - is being advertised as a TikTok Ban, but is much broader than that, carries a $1M Fine and up to 20 years in prison️! It is unconstitutional and would create massive legal restrictions on the open source movement and free speech throughout the internet.

The Bill was proposed by: Senator Warner, Senator Thune, Senator Baldwin, Senator Fischer, Senator Manchin, Senator Moran, Senator Bennet, Senator Sullivan, Senator Gillibrand, Senator Collins, Senator Heinrich, and Senator Romney. It has broad support across Senators of both parties.

Corrupt politicians will not protect us. They are part of the problem. We must build, support, and learn how to use censorship resistant tools in order to defend our natural rights.

The RESTRICT Act, introduced by Senators Warner and Thune, aims to block or disrupt transactions and financial holdings involving foreign adversaries that pose risks to national security. Although the primary targets of this legislation are companies like Tik-Tok, the language of the bill could potentially be used to block or disrupt cryptocurrency transactions and, in extreme cases, block Americans’ access to open source tools or protocols like Bitcoin.

The Act creates a redundant regime paralleling OFAC without clear justification, it significantly limits the ability for injured parties to challenge actions raising due process concerns, and unlike OFAC it lacks any carve-out for protected speech. COINCENTER ON THE RESTRICT ACT

Full Text of Bill

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

@ 0e9491aa:ef2adadf

@matt_odell don't you even dare not ask about nostr!

— Kukks (Andrew Camilleri) (@MrKukks) May 18, 2021

Nostr first hit my radar spring 2021: created by fellow bitcoiner and friend, fiatjaf, and released to the world as free open source software. I was fortunate to be able to host a conversation with him on Citadel Dispatch in those early days, capturing that moment in history forever. Since then, the protocol has seen explosive viral organic growth as individuals around the world have contributed their time and energy to build out the protocol and the surrounding ecosystem due to the clear need for better communication tools.

nostr is to twitter as bitcoin is to paypal

As an intro to nostr, let us start with a metaphor:

twitter is paypal - a centralized platform plagued by censorship but has the benefit of established network effects

nostr is bitcoin - an open protocol that is censorship resistant and robust but requires an organic adoption phase

Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.
 - Anyone can run a relay.
 - Anyone can interact with the protocol.
 - Relays can choose which messages they want to relay.
 - Users are identified by a simple public private key pair that they can generate themselves.

Nostr is often compared to twitter since there are nostr clients that emulate twitter functionality and user interface but that is merely one application of the protocol. Nostr is so much more than a mere twitter competitor. Nostr clients and relays can transmit a wide variety of data and clients can choose how to display that information to users. The result is a revolution in communication with implications that are difficult for any of us to truly comprehend.

Similar to bitcoin, nostr is an open and permissionless protocol. No person, company, or government controls it. Anyone can iterate and build on top of nostr without permission. Together, bitcoin and nostr are incredibly complementary freedom tech tools: censorship resistant, permissionless, robust, and interoperable - money and speech protected by code and incentives, not laws.

As censorship throughout the world continues to escalate, freedom tech provides hope for individuals around the world who refuse to accept the status quo. This movement will succeed on the shoulders of those who choose to stand up and contribute. We will build our own path. A brighter path.

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My Nostr Public Key: npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

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

@ cae03c48:2a7d6671

Bitcoin Magazine

How Zeus is Redefining Bitcoin with Cashu Ecash Integration

The 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

@ f6488c62:c929299d

ปี 2568 ตลาดคริปโตยังคงเต็มไปด้วยความร้อนแรงและโอกาส Bitcoin พุ่งแตะ 106,595.5 ดอลลาร์ (ณ วันที่ 21 พ.ค. 2568) ขณะที่เหรียญมีมอย่าง KPEPE ก็กลายเป็นที่จับตามองของเหล่านักลงทุนรายใหญ่ แต่ท่ามกลางกระแสความร้อนแรง คำถามสำคัญยังคงอยู่: ตลาดคริปโตอยู่ช่วงไหนของวัฏจักร? และโอกาสใหญ่กำลังมาหรือใกล้จบลงแล้ว?

หนึ่งในเสียงที่ดังที่สุดในชุมชนคริปโตตอนนี้คือชื่อที่หลายคนอาจยังไม่รู้จักแน่ชัด – James Wynn เขาโพสต์ข้อความเมื่อวันที่ 31 มีนาคม 2568 ว่า

“The best is yet to come.” หรือ “สิ่งที่ดีที่สุดยังมาไม่ถึง” – คำพูดที่จุดประกายความหวังในชุมชนนักเทรดทั่วโลก

แม้เขาจะถูกยกย่องว่าเป็น “วาฬคริปโต” จากการถือครองมูลค่ามหาศาล แต่ในความเป็นจริง เรายังไม่รู้ว่าเขาคือใคร – ชื่อ James Wynn อาจเป็นเพียงนามแฝง หรือ persona บนโลกออนไลน์ก็เป็นได้

ในบทความนี้ เราจะวิเคราะห์มุมมองของเขาอย่างมีวิจารณญาณ พร้อมแนะแนวทางที่นักเทรดควรเตรียมตัวเพื่อคว้าโอกาสในช่วงขาขึ้นนี้

ภาพรวมตลาดคริปโตในปี 2568 ปีนี้ถือเป็นช่วงขาขึ้นที่เกิดจากหลายปัจจัยสำคัญ:

การอนุมัติ Bitcoin Spot ETFs ในสหรัฐฯ

การเข้ารับตำแหน่งของ Donald Trump พร้อมนโยบายที่เป็นมิตรต่อคริปโต เช่น การผลักดันให้ Bitcoin เป็นสินทรัพย์สำรองของชาติ

ปัจจัยเหล่านี้ได้ดึงดูดทั้งนักลงทุนรายย่อยและสถาบันเข้าสู่ตลาด ส่งผลให้ราคาของ BTC และเหรียญมีมอย่าง KPEPE พุ่งสูงขึ้นอย่างรวดเร็ว สะท้อนถึงโมเมนตัมที่ยังคงแข็งแกร่ง

มุมมองจาก ‘James Wynn’: ปลายวัฏจักร? หรือแค่เริ่มต้น? แม้จะไม่มีใครรู้แน่ชัดว่า James Wynn คือใคร แต่เขากลายเป็นบุคคลที่มีอิทธิพลในชุมชนคริปโตจากการเปิดเผยมุมมองที่เฉียบคมและพอร์ตการลงทุนขนาดใหญ่

เขาโพสต์ไว้ว่า

“ถ้าใครคิดว่าเราอยู่ท้ายวัฏจักรแล้ว คุณคิดผิด”

โดยให้เหตุผลหลัก 3 ข้อ:

การพุ่งขึ้นของราคาส่วนใหญ่เกิดจาก ข่าวดีภายนอก เช่น ETF ยังไม่ใช่ "กระแสล้นตลาด"

นโยบายรัฐบาล Trump ส่งผลเชิงจิตวิทยาเชิงบวกต่อทั้งนักลงทุนและตลาด

ยังไม่เกิด Altcoin Season หรืออารมณ์ตลาดช่วง “Euphoria” ตามแผนภาพ Psychology of a Market Cycle

เขาประเมินว่าตลาดน่าจะอยู่ช่วง “Optimism → Thrill” ซึ่งเป็นช่วงกลางของวัฏจักรที่นักลงทุนเริ่มตื่นเต้น แต่ยังไม่ถึงจุดสูงสุด

เขาเป็นใคร? วาฬตัวจริงหรือบุคคลลึกลับ? แม้ James Wynn จะได้รับความสนใจอย่างมาก แต่ตัวตนของเขายังคลุมเครือ:

ไม่มีข้อมูลยืนยันตัวตนชัดเจน

ไม่รู้ว่าเขาเป็นบุคคล กลุ่ม หรือองค์กร

ใช้นามแฝงออนไลน์ และบัญชีเทรดที่ระบุไว้ไม่ผูกกับตัวตนจริง

ถึงอย่างนั้น พฤติกรรมการลงทุนของเขาก็ไม่ธรรมดา:

Long BTC-USD ด้วยเลเวอเรจ 40x กว่า 5,200 BTC (มูลค่ากว่า 546 ล้านดอลลาร์)

Long KPEPE-USD ด้วยเลเวอเรจ 10x มูลค่ากว่า 32.8 ล้านดอลลาร์

รวมกำไรจากการเทรดกว่า 20.2 ล้านดอลลาร์ (ราว 687 ล้านบาท)

ใช้แพลตฟอร์ม Hyperliquid และแสดงจุดยืนต่อต้าน CEX บางแห่งอย่าง Bybit ที่เขาเคยกล่าวหาว่ามีการ manipulate ตลาด

สิ่งที่น่าสนใจคือ Wynn มักจะลดตำแหน่งและล็อกกำไรอย่างเป็นระบบ เช่น วันที่ 20 พ.ค. 2568 เขาลดตำแหน่ง BTC ลง 1,142 BTC และถอน USDC กลับวอลเล็ตส่วนตัว – สะท้อนถึงการบริหารความเสี่ยงที่รอบคอบ

แนวทางสำหรับนักเทรด: ถ้า "สิ่งที่ดีที่สุด" ยังมาไม่ถึง... หากมุมมองของ Wynn ถูกต้อง และตลาดยังไม่ถึงจุดสูงสุด ต่อไปนี้คือตัวอย่างแนวทางที่นักเทรดควรพิจารณา:

🔹 วางแผนรับ pullback: หากอยู่ในช่วง "Thrill" ตลาดอาจมีการพักตัวชั่วคราว – เป็นโอกาสในการ “ซื้อซ้ำ” ก่อนเข้าสู่จุดพีค

🔹 จับตา altcoin season: การที่เหรียญมีมอย่าง KPEPE พุ่งขึ้น อาจเป็นสัญญาณล่วงหน้าของ Altcoin Season ที่กำลังจะเริ่ม – เตรียมลิสต์เหรียญที่มีศักยภาพ

🔹 เน้นการบริหารความเสี่ยง: ใช้ stop-loss และเลเวอเรจอย่างระมัดระวัง อย่าลืมว่าวัฏจักรคริปโตสามารถเปลี่ยนแปลงอย่างรวดเร็ว

🔹 ติดตามความเคลื่อนไหวของวาฬ (แม้จะไม่รู้ว่าเขาคือใคร): เช่น ที่อยู่กระเป๋า 0x5078C2FbeA2B2aD61bcB40BC0233E5Ce56EDb6 ซึ่งเชื่อว่าเป็นของ Wynn – การเคลื่อนไหวของกระเป๋านี้อาจบ่งชี้แนวโน้มตลาดล่วงหน้า

สรุป แม้เราจะยังไม่รู้แน่ชัดว่า James Wynn คือใคร หรือแม้กระทั่งเขามีอยู่จริงหรือไม่ แต่คำพูดของเขาก็สอดคล้องกับทิศทางตลาดในปัจจุบันที่ยังคงอยู่ในขาขึ้น

“The best is yet to come.” – ถ้าเขาพูดถูก โอกาสที่ดีที่สุดในตลาดคริปโตปี 2568 ก็ยังไม่มาถึง

นักเทรดควร:

ติดตามสัญญาณตลาดอย่างรอบคอบ

จัดพอร์ตให้พร้อมสำหรับการเปลี่ยนแปลง

และที่สำคัญ — อย่าหลงกระแส โดยไม่มีแผนรองรับ

วาฬที่แท้จริงอาจไม่มีชื่อเสียง… และนั่นแหละคือสิ่งที่ทำให้พวกเขาน่าจับตายิ่งกว่าใคร

@ 0e9491aa:ef2adadf

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

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

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

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

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

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

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Liquid Network Surpasses $3.27 Billion in Total Value Locked

Today, 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.

@ 0e9491aa:ef2adadf

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

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

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

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

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

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

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

@ 5d4b6c8d:8a1c1ee3

You'd think I'd be most excited to talk about that awesome Pacers game, but, no. What I'm most excited about this week is that @grayruby wants to continue Beefing with Cowherd.

Still, I am excited to talk about Tyrese Haliburton becoming a legendary Knicks antagonist. Unfortunately, the Western Conference Finals are not as exciting. Also, why was the MVP announcement so dumb?

The T20k cricket contest is tightening up, as we head towards the finish. Can @Coinsreporter hold on to his vanishing lead?

@Carresan has launched Football Madness. Let's see if we understand whatever the hell this is any better than we did last week.

On this week's Blok'd Shots, we'll ridicule Canada for their disgraceful loss in the World Championships and talk about the very dominant American Florida Panthers, who are favorites to win the Stanley Cup.

Are the Colorado the worst team in MLB history?

The Tush Push has survived another season. Will the NFL eventually ban it or will teams adjust?

Plus, whatever else Stackers want to talk about.

https://stacker.news/items/987399

@ 15f9e159:ca9a5ac4

A plataforma 755Bet é uma das principais opções para quem busca uma experiência única no universo dos jogos online. Com uma interface intuitiva, jogos de alta qualidade e uma experiência de usuário focada na diversão e no prazer do jogador, o 755Bet se destaca como um dos destinos preferidos para quem deseja aproveitar ao máximo o entretenimento digital. Vamos explorar o que torna o 755Bet uma plataforma tão especial e por que ele deve ser a sua próxima escolha para diversão online.

Plataforma 755Bet: Um Espaço Inovador e Completo O 755Bet oferece aos jogadores uma plataforma moderna e fácil de navegar, permitindo que se conectem ao mundo do entretenimento online com apenas alguns cliques. A plataforma é projetada para ser acessível tanto para novatos quanto para jogadores experientes, com recursos que atendem a diferentes gostos e preferências.

Com um design que prioriza a simplicidade, o 755Bet garante que seus usuários possam encontrar rapidamente o que procuram. Seja para jogar ou simplesmente explorar as opções oferecidas, a experiência do usuário é fluida e sem complicações. Além disso, o site é otimizado para dispositivos móveis, permitindo que você aproveite a diversão a qualquer hora e em qualquer lugar.

A plataforma oferece diversos métodos de pagamento seguros, garantindo que os jogadores possam realizar transações de maneira rápida e sem preocupações. O 755bet também investe constantemente em melhorar a segurança dos dados de seus usuários, com protocolos avançados de criptografia para proteger as informações pessoais e financeiras.

Jogos no 755Bet: Variedade para Todos os Gostos Uma das principais atrações do 755Bet é a ampla seleção de jogos oferecidos. Se você é fã de jogos de mesa, como blackjack e roleta, ou prefere jogos de habilidade e estratégia, o 755Bet tem algo para todos. A variedade de opções garante que cada jogador possa encontrar o jogo que mais lhe agrada, com gráficos de alta qualidade e jogabilidade envolvente.

O site conta com uma vasta gama de opções, que incluem títulos populares de diferentes categorias. Além disso, novos jogos estão sempre sendo adicionados ao portfólio, garantindo que os jogadores nunca fiquem sem novidades. A plataforma oferece jogos com diferentes níveis de dificuldade, o que significa que tanto iniciantes quanto veteranos podem aproveitar as opções disponíveis, sempre encontrando o jogo que se adapta ao seu estilo.

Experiência do Jogador: Diversão e Comodidade No 755Bet, a experiência do jogador é uma prioridade. A plataforma não apenas oferece jogos de alta qualidade, mas também foca em criar um ambiente acolhedor e acessível. O atendimento ao cliente é uma parte fundamental da experiência do usuário, com uma equipe dedicada pronta para responder a qualquer dúvida ou ajudar com problemas de forma rápida e eficaz.

Além disso, o 755Bet oferece promoções e bônus que tornam a experiência ainda mais interessante para seus jogadores. Isso inclui recompensas para novos membros, bem como ofertas especiais para usuários regulares. Esses incentivos ajudam a manter a motivação dos jogadores e garantem que a experiência seja sempre divertida e recompensadora.

O 755Bet também conta com recursos de personalização que permitem aos jogadores ajustar a plataforma conforme suas preferências. Isso pode incluir a escolha de temas, ajustes de notificação e preferências de jogo, tudo para garantir que o ambiente de jogo seja o mais agradável possível.

Conclusão O 755Bet se destaca como uma plataforma completa para quem busca uma experiência online rica e envolvente. Com uma interface intuitiva, uma ampla variedade de jogos e um foco constante na satisfação do jogador, ele é um destino obrigatório para aqueles que querem explorar o universo dos jogos online de forma segura, divertida e acessível. Seja você um novato ou um jogador experiente, o 755Bet tem tudo o que você precisa para uma experiência inesquecível.

@ 450102fc:539757ac

With Nostr, Jack is well ahead of what Elon and Zuck have learned about censorship

Mark Zuckerberg’s announcement that he is dropping censorship in the U.S. for Facebook and Instagram was accompanied by a comment that he is going to work with the U.S. government to encourage other countries to not censor content. Upon acquiring Twitter, Elon Musk dropped censorship and soon learned that government mandates from across the world censor content.

In 2024, Brazil blocked Twitter until it complied with censorship demands, France arrested Telegram’s CEO Pavel Durov, the EU censored additional Russian outlets and wrote letters to Twitter mandating more content moderation, and Australia announced it will fine platforms for misinformation.

The current U.S. administration had a heavy censorship hand and had threatened to revoke Section 230 which protects Internet sites from liability about their users’ content. Zuck indicated in his announcement and a letter to Congress in November that Meta felt coerced to comply. Twitter under Jack Dorsey was also coerced to censor, as disclosed in the Twitter Files and Alex Berenson’s amended censorship lawsuit with new insider materials from Twitter.

Western governments did not typically engage in government guidance or mandates on content until after the Brexit and Trump elections in 2016 followed by the Russia-Ukraine war in 2022. Once Western governments realized that they had lost narrative control, they started playing catch up with China, which was well aware from the start of the power of social networks to both disrupt and control narratives.

Due to the secretive nature of government guidance and mandates, Elon and those outside social media organizations had only witnessed basic content moderation. Jack and Zuck had already experienced years of coercive government guidance threatening Section 230 revocation as well as numerous explicit censorship mandates from Western governments.

Zuck’s response was to downrank and de-emphasize political content in early 2021 after the bruising 2020 U.S. election cycle. This was a difficult decision since Facebook made a lot of money from political arguments, as I pointed out in a 2019 article for VentureBeat. Zuck sidestepped government pressure and continued to grow his properties. Correspondingly, despite the volumes of racist and homophobic content on Instagram, there is not much pressure for content moderation from groups like Media Matters and GARM that have targeted X/Twitter.

Jack’s response was to fund Bluesky to shift Twitter to an open protocol like email’s SMTP and the web’s HTTP. Governments can of course censor at the protocol level with firewalls like they currently do for email and web, but by separating the application and protocol layers, Jack recognized that social networks could operate like any other Internet infrastructure that is content neutral. Jack departed Bluesky when the company started massively moderating accounts and content. Jack then discovered Nostr (Notes and Other Stuff Transmitted by Relays), a decentralized messaging protocol initially created by an anonymous developer FiatJeff, much like an anonymous developer Satoshi Nakamoto created Bitcoin.

Nostr is reminiscent of FidoNet, a popular store-and-forward messaging protocol for Bulletin Board Systems (BBS) in the 1980s. Each BBS was fully independent, and each could choose which forum messages to store-and-forward, whether to moderate content, and how long to keep the messages. In addition, FidoNet could store-and-forward private messages between users. UseNet also operated in a similar store-and-forward manner for Internet forums, but did not operate private messages since the Internet already had SMTP.

Nostr developers offer an active ecosystem of both clients and servers offering an interface familiar to social network users, as well as micro apps offering new functionality on top of the protocol. Nostr is decentralized with no central control point and transmits messages across independently operated relays. Just like with current email systems and Nostr predecessors FidoNet and UseNet the independence of the relays create inefficiency. Different users may not see each others’ replies chronologically until the messages transmission has caught up, and not all relays transmit all messages. FidoNet and UseNet were inefficient due to resource constraints such as long distance charges and intermittent connectivity. Nostr and Bitcoin use inefficiency to engineer resilience into the protocol.

A Nostr account can never be “revoked,” however relays are not obligated to carry an account’s messages. Users can easily switch relays or even operate their own. As part of the new generation of decentralized crypto software, Nostr uses a public/private key combination for identity, and you can optionally publish your profile name, e-mail address, and lightning wallet associated with the key. Nostr clients sign messages with your private key when you post, and users know it’s you by your public key. A note of caution: just like with crypto, if your private key gets compromised or lost, it’s like losing or having your Bitcoin private key stolen.

A new administration could easily coerce social media companies. This time, Elon stood in the face of a government onslaught. Zuck followed when the coast was clear. Jack has laid the foundation for the future. https://npub1g5qs9.layer3.press/articles/cd5020b0-08ad-409d-b792-81387bb4f060

@ 0e9491aa:ef2adadf

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

— ODELL (@ODELL) December 14, 2022

Good morning.

It looks like PacWest will fail today. It will be both the fifth largest bank failure in US history and the sixth major bank to fail this year. It will likely get purchased by one of the big four banks in a government orchestrated sale.  

March 8th - Silvergate Bank
March 10th - Silicon Valley Bank
March 12th - Signature Bank
March 19th - Credit Suisse
May 1st - First Republic Bank
May 4th - PacWest Bank?

PacWest is the first of many small regional banks that will go under this year. Most will get bought by the big four in gov orchestrated sales. This has been the playbook since 2008. Follow the incentives. Massive consolidation across the banking industry. PacWest gonna be a drop in the bucket compared to what comes next.

First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency network. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.

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

@ 0e9491aa:ef2adadf

There must be a limit to how much data is transferred across the bitcoin network in order to keep the ability to run and use your own node accessible. A node is required to interact with the global bitcoin network - if you do not use your own node then you must trust someone else's node. If nodes become inaccessible to run then the network will centralize around the remaining entities that operate them - threatening the censorship resistance at the core of bitcoin's value prop. The bitcoin protocol uses three main mechanisms to keep node operation costs low - a fixed limit on the amount of data in each block, an automatic difficulty adjustment that regulates how many blocks are produced based on current mining hash rate, and a robust dynamic transaction fee market.

Bitcoin transaction fees limit network abuse by making usage expensive. There is a cost to every transaction, set by a dynamic free market based on demand for scarce block space. It is an incredibly robust way to prevent spam without relying on centralized entities that can be corrupted or pressured.

After the 2017 bitcoin fee spike we had six years of relative quiet to build tools that would be robust in a sustained high fee market. Fortunately our tools are significantly better now but many still need improvement. Most of the pain points we see today will be mitigated.

The reality is we were never going to be fully prepared - pressure is needed to show the pain points and provide strong incentives to mitigate them.

It will be incredibly interesting to watch how projects adapt under pressure. Optimistic we see great innovation here.

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_If you are willing to wait for your transaction to confirm you can pay significantly lower fees. Learn best practices for reducing your fee burden here.

My guide for running and using your own bitcoin node can be found here._

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

@ 47259076:570c98c4

"Know thyself and you will know the universe and the gods"

This is the greatest truth.

Knowing yourself is a process that is perhaps eternal.

Knowing yourself means making conscious what is unconscious, in all fields.

Making conscious your material reality, your emotions, your thoughts, your mind, your patterns, your spirit, your flaws, your qualities, etc.

The journey is within.

And in this process, burning everything that is not you.

Burning everything so only the essential remains.

The essential being your higher self.

You are not your body, you are not your emotions, you are not your mind, etc...

You are pure consciousness.

Everyday we can learn from him, but if we are asleep, we will not realize the gold opportunities passing right in front of our eyes.

Everyday he teaches us.

If everyday he teaches us, why stress so much for having an astral projection?

If an astral projection happens with you, it will be a good experience indeed, if you know how to value opportunities.

Otherwise, you may see some """evil"" spirits trying to scare you.

Therefore, don't depend on astral projection for your spiritual growth.

In fact, don't depend on anything.

Don't depend on books, don't depend on people, don't depend on "psychologists", don't depend on "rituals", don't depend on institutions, and of course, don't depend on the "government".

@ 30b99916:3cc6e3fe

sourcegraph #vibecoding #ai #bitcoin #security

After reading the article Revenge of the junior developer, this inspired me to go take a look at Sourcegraph.com to get a better understanding of all this AI stuff.

The first step was installing the VS Code extension called, Cody which is a coding agent. The Cody features explain the code in a file and review and analyze code did an extremely impressive job with VaultApi and BTCwallet.

VaultApi and BTCwallet are PowerShell scripts that are available from my BTCPAY Server

All of the following output was generated by Cody.

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Code Analysis of VaultApi.ps1

The VaultApi.ps1 script is generally well-structured and follows many PowerShell best practices. It has comprehensive documentation, version history, and clear parameter definitions. The suggestions below would further enhance what is already a solid codebase. The author has clearly put significant effort into making the script functional and user-friendly, with good attention to cross-platform compatibility and security considerations.

VaultApi.ps1 Explanation

VaultApi.ps1 is a PowerShell script that helps users interact with HashiCorp Vault, which is a tool for securely storing and managing sensitive information like passwords and API keys.

Purpose of the Code

This script makes it easier to use Vault by providing simple commands to start the Vault server, unlock it (unseal), log in, store secrets, retrieve secrets, and shut down the server. Think of it as a friendly interface that simplifies all the complex operations you would otherwise need to do manually with Vault.

Inputs

The script takes several inputs:

• An action parameter that tells the script what operation to perform (like "Start", "Stop", "Kv1Create", "Kv1Read")
• A kvpath parameter that specifies where in Vault to store or retrieve information
• A kvalue parameter for the actual secret value you want to store
• A kvkey parameter that lets you specify a custom name for your secret
• Optional switches like -Info to show more detailed information and -Raw to display output directly instead of copying to clipboard

Outputs

Depending on the action performed, the script produces different outputs:

• Text messages in the console showing the status of operations
• Secret values retrieved from Vault (either displayed or copied to clipboard)
• Lists of available secret paths
• Status information about the Vault server
• Backup files of your Vault data

How It Works

The script works by:

1. First checking if Vault is installed and running
2. Setting up communication with the Vault server using its API address
3. Performing the requested action by sending the appropriate commands to Vault
4. Processing any responses and displaying results to the user

For example, when you use the "Kv1Create" action, the script:

• Checks if you're logged in
• Verifies the path doesn't already exist
• Formats your data correctly
• Sends a request to Vault to create the new secret
• Shows you the result

Important Logic Flows

Some key processes in the script include:

1. Authentication flow: The script helps you log in using either a token or username/password, then stores your authentication token for future commands.

2. Unsealing process: Vault requires multiple keys to unlock (unseal) it after starting. The script can retrieve these keys from a secure file or prompt you to enter them.

3. Secret management: The script handles creating, reading, updating, and deleting secrets, supporting both single values and multiple key-value pairs at a path.

4. Path management: The script can list all available paths and help you search for specific ones, making it easier to organize and find your secrets.

5. Value generation: When creating or updating secrets, you can use the keyword "setvalue" to automatically generate a random 20-character value, which is then copied to your clipboard.

The script uses a configuration file in your home directory to know how to connect to Vault, and it can optionally use encrypted files to store sensitive information like unlock keys. It communicates with Vault using REST API calls, which are like special messages that tell Vault what to do.

In summary, VaultApi.ps1 is a helper tool that makes it much easier to use HashiCorp Vault for securely storing and managing your sensitive information, without needing to remember all the complex commands and procedures.

Code Analysis of BTCwallet.ps1

The script generally follows sound design principles with good organization, comments, and documentation. It demonstrates thoughtful error checking and user interaction. The identified opportunities for enhancement would primarily improve security, maintainability, and robustness rather than addressing fundamental flaws. The script author has clearly put significant effort into creating a comprehensive tool with good documentation and practical functionality.

BTCwallet.ps1 Explanation

The BTCwallet.ps1 script is a PowerShell tool designed to help Bitcoin users manage different wallet applications on a Linux system. It provides a convenient way to start, stop, and check the status of Bitcoin wallets while adding security features.

Purpose

The main purpose of this script is to securely manage Bitcoin wallets, particularly focusing on "cold storage" solutions. Cold storage means keeping your Bitcoin wallet data in an encrypted container that's only mounted when needed, which is more secure than keeping it always accessible ("hot storage").

Inputs

The script takes one main input parameter:

• $action: This can be "start", "stop", or "check" (default), telling the script what operation to perform on your Bitcoin wallet.

Outputs

The script doesn't return data but produces several visible outputs:

• Status messages showing whether wallets are running or stopped
• Prompts for user input when decisions are needed
• Confirmation messages when actions are completed

How It Works

1. When you run the script, it first loads a configuration file (BTCwalletCfg.xml) that contains information about which wallets you have installed.

2. Based on the $action parameter, it performs one of three main functions:

   • Check: Shows if your wallet application is currently running
   • Start: Launches your wallet application, with options for hot or cold storage
   • Stop: Closes your wallet application and securely dismounts any encrypted containers
   • For security, the script can use HashiCorp Vault (a secure password manager) to store sensitive information like passwords for encrypted containers.

3. The script also verifies its own integrity by checking its file hash against a previously stored value, alerting you if the script has been modified.

Important Logic Flows

Starting a Wallet

When starting a wallet, the script:

1. Asks which wallet you want to use (Sparrow, GreenWallet, or Wasabi)
2. Checks if HashiCorp Vault is running and starts it if needed
3. Verifies the script's integrity by comparing file hashes
4. Asks if you want to use hot or cold storage
5. For cold storage, it:
   • Retrieves the encrypted container's location and password
   • Mounts the encrypted container using VeraCrypt
   • Starts the wallet application pointing to the mounted container
6. For hot storage, it simply starts the wallet application with default settings

Stopping a Wallet

When stopping a wallet, the script:

1. Checks if the wallet is still running and asks you to close it first if needed
2. For cold storage wallets, it moves any wallet files back to the encrypted container
3. Dismounts the encrypted container
4. Optionally stops the HashiCorp Vault service

The script handles different wallet applications (Sparrow, GreenWallet, and Wasabi) slightly differently based on how each one stores its data and what command-line options they support.

In summary, BTCwallet.ps1 provides a secure way to manage Bitcoin wallets by combining wallet applications with encrypted storage and password management, all controlled through simple commands.

@ 0e9491aa:ef2adadf

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

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

— ODELL (@ODELL) September 16, 2018

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

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

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

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

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

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

@ 15f9e159:ca9a5ac4

O mundo dos jogos online está sempre em evolução, e novas plataformas surgem constantemente para oferecer experiências únicas aos jogadores. O 0e0e é uma dessas plataformas, que vem conquistando o público com uma proposta inovadora, repleta de jogos envolventes e uma interface amigável. Se você está em busca de uma nova forma de diversão e desafios, o 0e0e oferece tudo isso e muito mais.

Introdução à Plataforma 0e0e O 0e0e é uma plataforma online que tem como principal objetivo proporcionar uma experiência de entretenimento de qualidade. Com um design moderno e acessível, a plataforma é fácil de navegar, permitindo que os jogadores se sintam à vontade ao explorar suas diversas funcionalidades. O 0e0e está disponível para todos os tipos de dispositivos, garantindo que os usuários possam jogar a qualquer hora e em qualquer lugar, seja no desktop ou no celular.

Ao acessar a plataforma, os jogadores têm acesso a uma ampla variedade de jogos, além de recursos que tornam a experiência ainda mais agradável, como bônus atrativos, promoções e um atendimento ao cliente de excelência. O 0e0efoca em criar um ambiente dinâmico, que agrada tanto aos iniciantes quanto aos jogadores mais experientes.

Jogos no 0e0e: Diversão Sem Limites Uma das maiores vantagens do 0e0e é sua vasta seleção de jogos, que atende aos mais diversos gostos e preferências. Seja você fã de jogos de habilidade, estratégia ou entretenimento de alta ação, a plataforma tem opções para todos. Entre os jogos mais populares, encontramos desde clássicos da cultura de jogos até títulos exclusivos que você não encontra facilmente em outras plataformas.

Os jogos disponíveis são desenvolvidos por fornecedores renomados da indústria, garantindo gráficos impressionantes, jogabilidade fluida e uma experiência imersiva. Cada jogo foi cuidadosamente selecionado para proporcionar momentos de diversão, com desafios que mantêm os jogadores engajados e motivados a explorar cada vez mais as opções da plataforma.

Uma das atrações mais procuradas pelos usuários do 0e0e são os jogos de mesa, que oferecem uma experiência tradicional de jogo com um toque moderno. Os jogadores podem escolher entre várias modalidades, cada uma com regras fáceis de aprender, mas desafiadoras o suficiente para manter o interesse.

Além disso, a plataforma oferece jogos com temas variados, desde aventuras épicas a opções mais leves e descontraídas. Seja você um jogador casual ou alguém em busca de competição, há sempre algo para experimentar no 0e0e.

Experiência do Jogador: Conforto e Inovação O 0e0e entende que a experiência do jogador vai além da simples escolha de jogos. A plataforma investe em diversos aspectos para garantir que a navegação seja intuitiva e sem complicações. O processo de registro e acesso aos jogos é simples, permitindo que qualquer pessoa, independentemente da sua familiaridade com plataformas digitais, possa começar a jogar rapidamente.

Além disso, o 0e0e conta com um suporte ao cliente eficiente, pronto para ajudar em qualquer questão que possa surgir durante a jornada do jogador. A equipe de suporte está disponível 24 horas por dia, 7 dias por semana, oferecendo um atendimento rápido e amigável.

Para tornar a experiência ainda mais imersiva, o 0e0e disponibiliza uma série de promoções e bônus especiais para seus usuários. Estes benefícios são pensados para aumentar a diversão e proporcionar mais oportunidades de ganhar, criando um ambiente onde os jogadores podem aproveitar ao máximo cada momento.

A plataforma também oferece métodos de pagamento rápidos e seguros, garantindo que os depósitos e retiradas sejam realizados de maneira tranquila, sem qualquer complicação. A segurança dos dados do usuário é uma prioridade para o 0e0e, que utiliza tecnologia de ponta para proteger todas as informações pessoais e financeiras.

Conclusão: O 0e0e Como a Escolha Certa para os Jogadores O 0e0e é muito mais do que uma plataforma de jogos; é um espaço onde diversão, emoção e segurança se encontram. Com uma interface amigável, uma vasta seleção de jogos e um suporte ao cliente dedicado, o 0e0e oferece tudo o que um jogador precisa para se divertir e viver novas experiências. Seja você um iniciante ou um veterano, o 0e0e tem tudo para tornar sua jornada ainda mais emocionante e recompensadora. Não perca a chance de explorar tudo o que essa plataforma incrível tem a oferecer!

@ c1e9ab3a:9cb56b43

Abstract

This document proposes a novel architecture that decouples the peer-to-peer (P2P) communication layer from the Bitcoin protocol and replaces or augments it with the Nostr protocol. The goal is to improve censorship resistance, performance, modularity, and maintainability by migrating transaction propagation and block distribution to the Nostr relay network.

Introduction

Bitcoin’s current architecture relies heavily on its P2P network to propagate transactions and blocks. While robust, it has limitations in terms of flexibility, scalability, and censorship resistance in certain environments. Nostr, a decentralized event-publishing protocol, offers a multi-star topology and a censorship-resistant infrastructure for message relay.

This proposal outlines how Bitcoin communication could be ported to Nostr while maintaining consensus and verification through standard Bitcoin clients.

Motivation

• Enhanced Censorship Resistance: Nostr’s architecture enables better relay redundancy and obfuscation of transaction origin.
• Simplified Lightweight Nodes: Removing the full P2P stack allows for lightweight nodes that only verify blockchain data and communicate over Nostr.
• Architectural Modularity: Clean separation between validation and communication enables easier auditing, upgrades, and parallel innovation.
• Faster Propagation: Nostr’s multi-star network may provide faster propagation of transactions and blocks compared to the mesh-like Bitcoin P2P network.

Architecture Overview

Components

1. Bitcoin Minimal Node (BMN):

   • Verifies blockchain and block validity.
   • Maintains UTXO set and handles mempool logic.
   • Connects to Nostr relays instead of P2P Bitcoin peers.

2. Bridge Node:

   • Bridges Bitcoin P2P traffic to and from Nostr relays.
   • Posts new transactions and blocks to Nostr.
   • Downloads mempool content and block headers from Nostr.

3. Nostr Relays:

   • Accept Bitcoin-specific event kinds (transactions and blocks).
   • Store mempool entries and block messages.
   • Optionally broadcast fee estimation summaries and tipsets.

Event Format

Proposed reserved Nostr kind numbers for Bitcoin content (NIP/BIP TBD):

| Nostr Kind | Purpose | |------------|------------------------| | 210000 | Bitcoin Transaction | | 210001 | Bitcoin Block Header | | 210002 | Bitcoin Block | | 210003 | Mempool Fee Estimates | | 210004 | Filter/UTXO summary |

Transaction Lifecycle

1. Wallet creates a Bitcoin transaction.
2. Wallet sends it to a set of configured Nostr relays.
3. Relays accept and cache the transaction (based on fee policies).
4. Mining nodes or bridge nodes fetch mempool contents from Nostr.
5. Once mined, a block is submitted over Nostr.
6. Nodes confirm inclusion and update their UTXO set.

Security Considerations

• Sybil Resistance: Consensus remains based on proof-of-work. The communication path (Nostr) is not involved in consensus.
• Relay Discoverability: Optionally bootstrap via DNS, Bitcoin P2P, or signed relay lists.
• Spam Protection: Relay-side policy, rate limiting, proof-of-work challenges, or Lightning payments.
• Block Authenticity: Nodes must verify all received blocks and reject invalid chains.

Compatibility and Migration

• Fully compatible with current Bitcoin consensus rules.
• Bridge nodes preserve interoperability with legacy full nodes.
• Nodes can run in hybrid mode, fetching from both P2P and Nostr.

Future Work

• Integration with watch-only wallets and SPV clients using verified headers via Nostr.
• Use of Nostr’s social graph for partial trust assumptions and relay reputation.
• Dynamic relay discovery using Nostr itself (relay list events).

Conclusion

This proposal lays out a new architecture for Bitcoin communication using Nostr to replace or augment the P2P network. This improves decentralization, censorship resistance, modularity, and speed, while preserving consensus integrity. It encourages innovation by enabling smaller, purpose-built Bitcoin nodes and offloading networking complexity.

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This document may become both a Bitcoin Improvement Proposal (BIP-XXX) and a Nostr Improvement Proposal (NIP-XXX). Event kind range reserved: 210000–219999.

@ d12614be:8ed99bc6

Test article 23.05.2025 2

https://drewdru.layer3.press/articles/ddd70871-69c2-41af-ae56-13fea76050e0

@ 63d59db8:be170f6f

In a world overwhelmed by contradictions—climate change, inequality, political instability, and social disconnection—absurdity becomes an unavoidable lens through which to view the human condition. Inspired by Albert Camus' philosophy, this project explores the tension between life’s inherent meaninglessness and our persistent search for purpose.\ \ The individuals in these images embody a quiet defiance, navigating chaos with a sense of irony and authenticity. Through the act of revolt—against despair, against resignation—they find agency and resilience. These photographs invite reflection, not on solutions, but on our capacity to live meaningfully within absurdity.

Visit Katerina's website here.

Submit your work to the NOICE Visual Expression Awards for a chance to win a few thousand extra sats:

https://noicemagazine.com/SUBMISSIONS

@ a296b972:e5a7a2e8

Was Rudolf Steiner vor gut 110 Jahren an Informationen zusammengetragen und kommentiert hat, liest sich in großen Abschnitten so, als ob es in der heutigen Zeit geschrieben worden wäre. Man trifft auf eine ganze Reihe von „guten, alten Bekannten“, die auch heute noch maßgeblich an den Strippen ziehen. Deutlich wird, dass ein Krieg nicht aus heiterem Himmel ausbricht, sondern das im Vorfeld schon Kräfte wirken, die auf einen Krieg hinarbeiten. Wie jetzt wieder im Ukraine-Krieg wird diese Vorgeschichte gerne versucht unter den Teppich zu kehren und hochkompetente, sauber recherchierende, akribisch Quellen angebende Journalisten, wie z. B. Frau Gabriele Krone-Schmalz oder Herr Patrik Baab, der sich auf eigene Kosten einen Eindruck von vor Ort verschafft hat, werden versucht mundtot zu machen und mittlerweile gar nicht mehr zu Gesprächen im öffentlich-rechtlichen Rundfunk eingeladen, weil sie die fortlaufende Gehirnwäsche des Ministeriums für Wahrheit und Narrative mit ihren Aussagen gefährden. Andere kommen auf die Sanktionsliste.

Auch heute ist von den „Guten“ und den „Bösen“ die Rede, was darauf schließen lässt, dass man durchaus eingesteht, dass hier geistige Kräfte am Werk sind. Rudolf Steiner kommt auf diese immer wieder zu sprechen. Aus der von ihm gegebenen anthroposophischen Geisteswissenschaft heraus, beleuchtet er die Vorgänge innerhalb der gesamten Menschheitsentwicklung. Mancher stört sich hier an Begriffen, die man heute so nicht mehr verwenden würde. Dabei ist immer zu berücksichtigen, zu welcher Zeit die Vorträge gehalten wurden. Die Anthroposophie von Rudolf Steiner gilt heute bei vielen auch als „umstritten“, aber was ist das heute nicht? Fast könnte man es schon als Auszeichnung sehen, wenn etwas „umstritten“ ist, denn das ist mittlerweile ein Beweis dafür, dass es Ansichten, Meinungen und Einschätzungen gibt, die in einer gesunden Demokratie innerhalb einer Kontroverse zu einem Dialog und Austausch beitragen können, der jedoch leider derzeit weder gewünscht ist, noch gepflegt wird, was an der „Spaltung“ deutlich zu sehen ist. Und auch unter den Anthroposophen hat die „Spaltung“ Einzug gehalten.

Um das aktuelle, viele Bereiche umschließende, gigantische Lügenkonstrukt aufrecht zu erhalten, ist mittlerweile jedes Mittel recht, von der Deutungshoheit der Wahrheit durch systemkonforme Begutachter, bis hin zu infantil-kleingeistigen Kindergartenspielchen, um gegenläufige Meinungen oder Oppositionelle in ihrem Wirken zu behindern.

Der gesunde Hausverstand wird ausgetrocknet, und der Garten des Wahnsinns wird durch immer neue Ideen kranker Geister weiter gegossen, gehegt und gepflegt.

Die Zeitgeschichtlichen Betrachtungen von Rudolf Steiner bestehen aus 3 Bänden aus der GA (Gesamtausgabe):

GA 173 a – Wege zu einer objektiven Urteilsbildung

GA 173 b – Das Karma der Unwahrhaftigkeit

GA 173 c – Die Wirklichkeit okkulter Impulse

Sie bestehen aus niedergeschriebenen Vorträgen und einem sehr umfangreichen Anhang mit näheren Erläuterungen und einer Schilderung der Entstehung dieser drei Bände.

Es bedarf einiger Eingewöhnung in die zur damaligen Zeit verwendete Sprache Rudolf Steiners, der ein Meister im Bilden von Schachtelsätzen war. Der Inhalt jedoch, und auf den kommt es ja an, berührt immer wieder den in allen Menschen vorhandenen Wahrheitssinn.

Hier nur eine kleine Kostprobe, die vielleicht das Interesse wecken kann, sich mit diesem derzeit besonders aktuellen Werk näher zu beschäftigen.

GA 173a, 6. Vortrag, Seite 205 und Seite 206, Dornach, 17. Dezember 1916:

„Viel intimer, viel verborgener liegen die Dinge bei der englischen Politik, die ja ganz beeinflußt ist von dem, was in solcher Weise hinter ihr steckt. Da handelt es sich darum, daß man die Wege findet, um die entsprechenden Menschen an die richtigen Plätze zu befördern. Okkultistische Menschen, im Hintergrunde stehend, sind oftmals – na, verzeihen Sie – Einser, bloße Einser, und bedeuten für sich nichts Besonderes; sie brauchen noch etwas anderes – sie brauchen Nullen. Nullen sind ja nicht Einser, aber (fügt man eine Null zu einer Eins), dann wird gleich eine Zehn daraus. Und wenn man noch mehr Nullen hinzufügt – jede Null ist nur eine Null, aber wenn die Eins irgendwo steckt, dann ist gar mancherlei da, zum Beispiel die Tausend, und wenn man die Eins zudeckt, dann sind (scheinbar) nur die Nullen da; die Nullen brauchen aber nur in der entsprechenden Weise mit den Einsern kombiniert zu sein, und sie brauchen nicht einmal viel zu wissen von der Art, wie sie mit den Einsern kombiniert sind.“

Schildert diese 108 Jahre alte Beschreibung nicht genau das, was sich heute vor unseren Augen abspielt?

Dieser Artikel wurde mit dem Pareto-Client geschrieben

* *

(Bild von pixabay)

@ 15f9e159:ca9a5ac4

A 55kd é uma plataforma inovadora no cenário de jogos online, criada para oferecer aos jogadores uma experiência única e envolvente. Se você está procurando por uma maneira divertida de passar o tempo, explorar novos jogos e viver grandes emoções, a 55kd pode ser o lugar ideal. Neste artigo, vamos explorar como a 55kd se destaca, desde sua introdução até a experiência dos jogadores e a vasta gama de jogos disponíveis.

Introdução à Plataforma 55kd A 55kd surgiu com a missão de revolucionar o mundo dos jogos online, oferecendo uma plataforma fácil de navegar, segura e repleta de opções de entretenimento. Com um design moderno e uma interface amigável, a plataforma foi desenvolvida para atender tanto jogadores iniciantes quanto veteranos, garantindo que todos se sintam confortáveis e imersos na experiência.

A 55kd prioriza a acessibilidade e a praticidade, permitindo que os jogadores acessem os jogos de forma rápida e sem complicações. Com um sistema eficiente de registro e uma plataforma intuitiva, novos usuários podem se cadastrar e começar a jogar rapidamente, sem a necessidade de processos complexos.

Variedade de Jogos na 55kd A plataforma 55kdse destaca pela grande variedade de jogos que oferece aos seus usuários. Desde opções de estratégia até os jogos mais emocionantes de sorte e habilidade, há algo para todos os gostos. A cada visita, os jogadores podem esperar novas e emocionantes opções para explorar.

Entre os jogos mais populares, destacam-se as opções de jogos de mesa, slots de vídeo e jogos de habilidade. Cada jogo foi cuidadosamente selecionado e desenvolvido para garantir uma experiência de alta qualidade, com gráficos impressionantes, jogabilidade fluida e recursos inovadores.

Os jogos de mesa, por exemplo, oferecem desafios para aqueles que preferem jogos de raciocínio e estratégia. Já os slots de vídeo são ideais para quem busca emoção e diversão instantânea, com uma ampla gama de temas e bônus que aumentam a adrenalina.

Além disso, a 55kd também oferece jogos de habilidade, permitindo que os jogadores mostrem sua destreza e competência. Esses jogos são perfeitos para aqueles que gostam de testar suas habilidades e estratégias, competindo com outros jogadores por grandes prêmios.

A Experiência do Jogador na 55kd Uma das maiores preocupações da 55kd é garantir que seus jogadores tenham uma experiência de jogo impecável. A plataforma investe constantemente em melhorias para proporcionar um ambiente seguro, rápido e transparente. A segurança é uma prioridade, e a plataforma utiliza tecnologias de ponta para proteger as informações dos usuários, além de garantir transações rápidas e seguras.

A 55kd também se destaca pelo seu suporte ao cliente. Se os jogadores tiverem dúvidas ou enfrentarem problemas durante o jogo, uma equipe de suporte altamente treinada está disponível para oferecer assistência imediata. O suporte é acessível por vários canais, como chat ao vivo e e-mail, garantindo que os jogadores se sintam sempre amparados.

Além disso, a plataforma oferece um sistema de bônus e promoções que torna a experiência ainda mais emocionante. Oferecendo prêmios, ofertas exclusivas e recompensas constantes, a 55kd mantém os jogadores motivados e engajados, proporcionando uma sensação contínua de novidade e prazer.

Conclusão A 55kd se destaca como uma plataforma completa e de alta qualidade, que oferece não apenas uma ampla gama de jogos, mas também uma experiência personalizada para cada jogador. Com uma interface intuitiva, jogos diversificados e um suporte excepcional, a 55kd é a escolha ideal para quem busca diversão e entretenimento de qualidade.

Se você ainda não experimentou a 55kd, está na hora de se juntar a essa comunidade vibrante e explorar tudo o que ela tem a oferecer. Prepare-se para uma jornada inesquecível de diversão, desafios e grandes vitórias.

@ 0e9491aa:ef2adadf

Will not live in a pod.
Will not eat the bugs.
Will not get the chip.
Will not get a blue check.
Will not use CBDCs.

Live Free or Die.

Why did Elon buy twitter for $44 Billion? What value does he see in it besides the greater influence that undoubtedly comes with controlling one of the largest social platforms in the world? We do not need to speculate - he made his intentions incredibly clear in his first meeting with twitter employees after his takeover - WeChat of the West.

To those that do not appreciate freedom, the value prop is clear - WeChat is incredibly powerful and successful in China.

To those that do appreciate freedom, the concern is clear - WeChat has essentially become required to live in China, has surveillance and censorship integrated at its core, and if you are banned from the app your entire livelihood is at risk. Employment, housing, payments, travel, communication, and more become extremely difficult if WeChat censors determine you have acted out of line.

The blue check is the first step in Elon's plan to bring the chinese social credit score system to the west. Users who verify their identity are rewarded with more reach and better tools than those that do not. Verified users are the main product of Elon's twitter - an extensive database of individuals and complete control of the tools he will slowly get them to rely on - it is easier to monetize cattle than free men.

If you cannot resist the temptation of the blue check in its current form you have already lost - what comes next will be much darker. If you realize the need to resist - freedom tech provides us options.

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

@ 51bbb15e:b77a2290

Yeah, 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.

@ 0e9491aa:ef2adadf

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

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

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

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

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

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

Current Nostr Stats

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

@ cae03c48:2a7d6671

Bitcoin 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.

@ 1c5ff3ca:efe9c0f6

Auto-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 directory

ssh 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 File

cat 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 server
• USERNAME: Username you use to log in via SSH
• SSHKEY: The private key (copy the content from cat ~/.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, the ls 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

@ 0e9491aa:ef2adadf

Influencers would have you believe there is an ongoing binance bank run but bitcoin wallet data says otherwise.

- binance wallets are near all time highs
- bitfinex wallets are also trending up
- gemini and coinbase are being hit with massive withdrawals though

You should not trust custodians, they can rug you without warning. It is incredibly important you learn how to hold bitcoin yourself, but also consider not blindly trusting influencers with a ref link to shill you.

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

@ c9badfea:610f861a

1. Install Sky Map (it's free and open source)
2. Launch the app and tap Accept, then tap OK
3. When asked to access the device's location, tap While Using The App
4. Tap somewhere on the screen to activate the menu, then tap ⁝ and select Settings
5. Disable Send Usage Statistics
6. 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

@ eb0157af:77ab6c55

A 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.

@ dfc7c785:4c3c6174

Where 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...

@ 04c915da:3dfbecc9

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

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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.

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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.

@ 554ab6fe:c6cbc27e

Introduction

It is becoming increasingly evident that sunlight is an essential nutrient for the body. To be more precise, the various wavelengths coming from the sun provide different benefits to the body, and each play a vital role in human health. Even more so, they work in concert with one another, as one wavelength may help reduce the potentially harmful effects of another. Benefits are maximized and harm reduced when we are exposed to the full breadth of this rainbow. This article will attempt to shed light on these various benefits and synergies.

To put this discussion into context, it is important to consider the overall health benefits of sunlight exposure. In a Swedish study that followed 29,000 women over 20 years, it was found that the mortality rate was doubled in those who avoided sun exposure when compared to those that didn’t (Lindqvist et al. 2016). Women who avoided the sun were twice as likely to die, primarily from cardiovascular disease, and there was no difference between death from malignant melanoma between the two groups (Lindqvist et al. 2016).

To understand why sunlight is so beneficial to health, it is important to make clear the diverse range of wavelengths that come from the sun. We typically think of the sun as a provider of both visible light and warmth. However, the spectrum of light visible to the human eye is a narrow band of the wavelengths actually emitted by the sun.

As wavelengths become shorter, visible light becomes more blue. Beyond the visible spectrum on the blue end, we arrive at ultraviolet (UV) light. On the other end of the spectrum are the longer red wavelengths. Outside of the visible window on the red side is infrared (IR) light, which provides heat. For helpful context, consider how shorter wavelengths have a harder time penetrating our atmosphere. So, the skies of dawn and dusk are predominately filled with red and near-infrared (NIR) light, while the middle of the day contains more blue and UV light. The bulk of wavelengths from the sun throughout the day are on the NIR end. The entire spectrum of visible and non-visible light between UV and IR plays critical roles in human health, especially towards mitochondrial health and metabolism. To summarize these benefits and provide a general overview for the following article, the benefits are as follows:

• UV – aids in the production of vitamin D and melanin, but also causes DNA damage
  • Vitamin D improves immune system function and can repair DNA damage
  • Melanin stores electrons for use within mitochondria
• Blue – involved in our circadian rhythm as the absence of blue light triggers the production of melatonin, an important antioxidant.
• Near-infrared (NIR) – improves mitochondria function and energy production while also protecting us from the harms of blue and UV light.

Ultraviolet Light

Let’s begin with a discussion around the widely misunderstood light of UV. UV is often viewed as a dangerous form of light, given that it can cause DNA damage and lead to cancer. While true, this myopic point of view ignores the crucial benefits of UV light. UV light produces vitamin D, which counteracts the DNA damage caused by UV while providing many other benefits. Additionally, UV light triggers the production of melanin, which aids in mitochondrial function. Like all physiological processes in the body that are vital to survival, there is a release of POMC-derived endorphins when skin comes into contact with UV light (Fell et al. 2014). Any person likely reading this article can agree that sitting under the sun simply feels amazing. We are drawn to it in a deeply meaningful sense.

Vitamin D is one of the most important chemicals regarding health, and it is poorly named. The term ‘vitamin’ refers to a compound that is important for health but cannot be adequately made within the body and must be retrieved externally. Peoples of the Northern and Southern hemisphere who are exposed to less UV light during winter would, for example, historically retrieve their vitamin D from foods such as oily fish, seal blubber, whale blubber, and polar bear liver (Wacker and Holick 2013). In a similar way, vitamin D was given its name 100 years ago when it was found that cod-liver oil was capable of curing rickets, when it was found that the so-called vitamin could promote calcium deposition in bones (McCollum et al. 1922). It was only until much later, in 1981, when scientists discovered that human skin could also synthesize vitamin D (M. F. Holick 1981). A majority of human vitamin D is produced by the skin when exposed to UVB (280 – 315 nm), while a minor amount is gained through food (Prietl et al. 2013; Wacker and Holick 2013). Most cells and organs in the human body have vitamin D receptors and many organs also have the ability to produce it, this speaks to the incredibly important nature of this compound towards our health (Prietl et al. 2013; Wacker and Holick 2013). Vitamin D deficiency has been associated with various types of cancer, autoimmune disorders, type 1 diabetes mellitus, multiple sclerosis (MS), cardiovascular disease, and even schizophrenia (Michael F. Holick 2007; Wacker and Holick 2013). Multiple studies have also found that vitamin D deficiency increases all-cause mortality (Garland et al. 2014; Yang et al. 2011; Chowdhury et al. 2014).

Though the historical benefits to vitamin D were attributed mainly to bone health, it is far more important. Vitamin D plays a critical role in protecting against invasive pathogens, reducing autoimmunity, and maintaining overall health (Wimalawansa 2023). Regarding immunity, one way it does this is by causing a shift away from proinflammatory responses to one more centered around T cell activation (Prietl et al. 2013). Vitamin D has therefore been shown to benefit other disorders that are related to immunity, such as a study that found vitamin D supplementation during pregnancy reduced asthmatic symptoms in children (Litonjua et al. 2016). That being said, it is important to highlight how there is no substitution for natural sunlight as a means of getting vitamin D. Naturally produced vitamin D from the skin lasts 2-3 times longer in the body (Wacker and Holick 2013). This is one of many likely reasons why the natural avenue should always be preferred over the supplemental. A similar line of reasoning follows in methods of getting UV light, as natural sun exposure leads to a decrease of all-cause mortality while the use of artificial tanning beds has been shown to increase all-cause and cancer mortality (Yang et al. 2011). More on why this likely occurs later.

Beyond vitamin D’s benefits to the immune system, it is important to focus on the compound’s role in mitochondrial health. In a previous article I wrote titled “Sunlight and Health”, I delve deeper into the importance of mitochondria and the science of how they work. In simplicity, imagine how all life on earth centers around energy. The sun provides energy to the earth, and the plethora of life on earth harness and facilitate the flow of that energy. Plants and animals share a symbiotic relationship within this system. Plants, through photosynthesis, take in sunlight, CO2, and water and create a glucose precursor and oxygen. This occurs within the chloroplast of plant cells. Within human cells, we have mitochondria. Our mitochondria, in turn, take in oxygen and glucose and produce CO2, water, and energy for our bodies in the form of ATP. What the plant breathes out, we breathe in, and vice versa. Mitochondria are central to all animal life on earth, and the ATP produced is central to all physiologic function. If your mitochondria are unhealthy, you are unhealthy and will experience disease.

Vitamin D plays a role in mitochondrial health at a DNA level. Our cells have DNA, which we inherited from our mother and father. On top of that, the mitochondria within our cells have their own set of DNA (mtDNA). Our mitochondria come from our mother’s egg, and therefore our mtDNA always is inherited from our mother. UV light can cause damage to both our DNA and mtDNA (Birch-Machin, Russell, and Latimer 2013). This is what gives UV light the ability to cause cancer. Additionally, damage to the mtDNA within our mitochondria can lead to mitochondrial dysfunction. The more poorly our mitochondria function, the less energy we produce for our cells, and the less healthy our cells become. There is research being developed that suggests the role of vitamin D is to counterbalance this danger by regulating gene transcription and reducing mtDNA damage. A mouse study conducted in 2011, for example, found that different shapes of vitamin D reduce the development of tumors in mice following UV exposure (Dixon et al. 2011). It is not unlike nature to create a system of checks and balances, to ensure that the damaging effects of UV light are counterbalanced by a compound produced by the body when exposure to that same light.

While vitamin D may be important for mitochondrial health by protecting against mtDNA damage, melanin potentially plays a much larger role. Melanin is the pigment in our skin that make us darker. Not only is the diversity in skin tones across humans due to variations in melanin content, but a tan is also the creation of more melanin. To be more specific, the skin’s exposure to UVA (315-400nm) leads to the creation of melanin (Wicks et al. 2011). The most obvious benefit to the production of melanin, which most people could appreciate, is that the darker or tanner our skin is, the less damage we will receive from UV light. In this way, melanin shares a similar responsibility to vitamin D, where both are protecting the body against the very thing that forms them. Even more crucially however, melanin acts as a battery for the mitochondria.

During cellular respiration, where mitochondria turn oxygen and glucose into energy, electrons are stripped from the glucose for use. In other words, what our mitochondria really need are oxygen and electrons, and the glucose is simply a means to an end. If the mitochondria are the engine, then the electrons are the fuel (assuming you are still breathing). Due to its chemical structure, melanin is a natural reversible oxidation-reduction system (Figge 1939). In other words, it can both store and release electrons. Melanin is therefore a kind of battery, retrieving electrons from various sources, and storing them for future use in our mitochondria as a substitute for food. When stated this way, and considering how food is important because both fats and carbohydrates fuel the body by providing electrons to our mitochondria, one can imagine how vitally important melanin is. Melanin is central towards the availability of electrons for use in our body to produce the energy to live. Without adequate melanin, your mitochondria will starve for fuel and not provide your body with the energy it needs to thrive.

Blue Light

To contextualize the role blue light plays in human health, it is important to revisit an important byproduct of cellular respiration within mitochondria. When mitochondria turn electrons and oxygen into energy, there is a byproduct formed known as reactive oxygen species (ROS). ROS play important roles in the body, but in excess they can cause DNA damage and disrupt various cellular processes. For example, UV light causes cancer due to the ROS generated, and studies have found that blue light does the same in both the skin and eyes (Nakashima, Ohta, and Wolf 2017; Abdouh et al. 2024). This research suggests that excess blue light or blue light in isolation can damage the eyes and cause harm like UV light.

Blue and UV light are predominant during the middle of the day. Though both may cause oxidative stress on the body, the body simultaneously counteracts this damage through melatonin. Think of melatonin as the junk remover for mitochondria. Throughout the day mitochondria produce energy, and ROS is formed. During our nighttime sleep, melatonin plays an important role as an antioxidant and removes the excess ROS (Leon et al. 2004).

The relationship between blue light and melatonin is important. During the day, when blue light is present, our body suppresses the production of melatonin (West et al. 2011). When the sun sets and there is no longer a heavy presence of blue light, our body begins to produce melatonin for sleep. This is a central function for how our body gets tired at night and gets ready for sleep. This is also why artificial light at night, from our modern technology, is harmful to human health because it tricks the body into the continual suppression of melatonin production. Without proper melatonin production, our cells buildup too much ROS and this can cause mitochondrial dysfunction and other sleep related issues.

Beyond the importance of getting good sleep and producing melatonin to remove excess ROS from our cells, the existence of artificial light and excess blue light is problematic during the day as well. As stated previously, blue light causes ROS buildup in both the skin and eyes (Nakashima, Ohta, and Wolf 2017; Abdouh et al. 2024). As with most harms from sunlight, our body has adapted with a backup plan. During the day, when blue and UV light is present, there is simultaneous exposure to NIR light (650-1200nm). Recent research suggests that NIR also counterbalances the harm of blue light by increasing melatonin synthesis in the mitochondria (Tan et al. 2023). This highlights the importance of receiving the full spectrum of light from the sun, as one wavelength counterbalances the damages of the other.

Near-Infrared Light

While indoor living has been commonplace for humans across generations, and modern technology has over saturated our bodies with blue light, some recent changes to our technology have made things worse. Incandescent light bulbs emit NIR light, this is why they got warm. However, LED lights do not emit NIR light. Therefore, where people of past generations were potentially exposed to a lot of artificial light at night, this was counterbalanced by the NIR emitted by those same lightbulbs. Now, modern humans use LEDs and spend 93% of our time indoors with zero exposure to NIR, which is 90% of the light emitted by the sun (Tan et al. 2023).

Not only does NIR light protect our bodies from the damaging consequences of blue light, but it similarly protects us against UV light. As stated previously, NIR may result in the production of melatonin within mitochondria during the day, helping protect against the ROS buildup and mtDNA damage. Additionally, research has also found that NIR light protects from UV light in other ways. For example, a study in 2008 found that pretreating skin with NIR light (660nm) prevented sunburns (Barolet and Boucher 2008). Another study found that red and NIR light (620-690nm) altered gene expression and upregulated DNA repair (Kim et al. 2019). Again, this highlights the theme that the body has produced the means to protect itself from the harms of the sun via other rays emitted. However, the protection from harmful rays is best achieved when exposed to the full spectrum of light wavelengths as they change throughout the day. The light of dawn and dusk is predominately red and NIR. Therefore, this research suggests that being exposed to morning light will protect the body from the potentially cancer-causing effects of the UV light later in the day. A human being who lived outside would naturally be exposed to this spectrum of light every day. However, modern humans may be inside in the morning, go to the beach during the middle of the day, and get sunburned because they do not properly receive the full spectrum of light as nature intended every day.

Lastly, it is important to explore the ways NIR improves mitochondrial function. If electrons are the fuel source for this engine, and melatonin is the junk removal, then NIR is the lubricant. NIR improves the energy output of mitochondria, and there are various hypotheses for how this occurs. One hypothesis is that NIR boosts the functionality of cytochrome c oxidase, one of the chromophores used in the electron transport chain (ETC) of cellular respiration within mitochondria (De Freitas and Hamblin 2016). Another involves NIR light’s ability to modify the viscosity of water which increases the efficiency of the final step in the ETC, the ATP synthase (Sommer, Haddad, and Fecht 2015). ATP synthase can be thought of as a kind of pump that produces ATP, in this way NIR can be thought of almost literally as a lubricant for this pump.

Summary

In summary, the research involving how sunlight affects mitochondrial health highlights the importance of the full spectrum of wavelengths, each of which plays a vital role in human health throughout the day. Having exposure to one, without the other, can lead to imbalances and mitochondrial disease. The red and NIR light in the morning helps our mitochondria produce more energy throughout the day, while also preparing our bodies for the beneficial yet dangerous wavelengths to come. In the middle of the day, we receive much more UV and blue light, which help us produce vitamin D and melanin, both central to health and wellness. Once the sun sets, and blue light is absent, we produce melatonin for sleep. During our sleep, the melatonin removes the dangerous byproducts of our energy-producing day, protecting us from disease and preparing us for the following day. Mitochondria are central to human health and life on earth, and the rays from the sun are central to mitochondrial health.

Respecting nature and its cycles is vital for us humans who are increasingly immersing ourselves in a world dominated by technology. Our ancestors did not have to reconcile with these ideas, because life forced these exposures upon them. If we wish to maintain health in our modern world, we must be able to find balance. Even though some might think they can escape into the virtual world, our bodies will always and forever be connected and reliant upon the natural one.

References

Abdouh, Mohamed, Yunxi Chen, Alicia Goyeneche, and Miguel N. Burnier. 2024. “Blue Light-Induced Mitochondrial Oxidative Damage Underlay Retinal Pigment Epithelial Cell Apoptosis.” International Journal of Molecular Sciences 25 (23): 12619.

Barolet, Daniel, and Annie Boucher. 2008. “LED Photoprevention: Reduced MED Response Following Multiple LED Exposures.” Lasers in Surgery and Medicine 40 (2): 106–12.

Birch-Machin, M. A., E. V. Russell, and J. A. Latimer. 2013. “Mitochondrial DNA Damage as a Biomarker for Ultraviolet Radiation Exposure and Oxidative Stress.” The British Journal of Dermatology 169 (s2): 9–14.

Chowdhury, Rajiv, Setor Kunutsor, Anna Vitezova, Clare Oliver-Williams, Susmita Chowdhury, Jessica C. Kiefte-de-Jong, Hassan Khan, et al. 2014. “Vitamin D and Risk of Cause Specific Death: Systematic Review and Meta-Analysis of Observational Cohort and Randomised Intervention Studies.” BMJ (Clinical Research Ed.) 348 (apr01 2): g1903.

De Freitas, Lucas Freitas, and Michael R. Hamblin. 2016. “Proposed Mechanisms of Photobiomodulation or Low-Level Light Therapy.” IEEE Journal of Selected Topics in Quantum Electronics: A Publication of the IEEE Lasers and Electro-Optics Society 22 (3): 348–64.

Dixon, Katie M., Anthony W. Norman, Vanessa B. Sequeira, Ritu Mohan, Mark S. Rybchyn, Vivienne E. Reeve, Gary M. Halliday, and Rebecca S. Mason. 2011. “1α,25(OH)₂-Vitamin D and a Nongenomic Vitamin D Analogue Inhibit Ultraviolet Radiation-Induced Skin Carcinogenesis.” Cancer Prevention Research (Philadelphia, Pa.) 4 (9): 1485–94.

Fell, Gillian L., Kathleen C. Robinson, Jianren Mao, Clifford J. Woolf, and David E. Fisher. 2014. “Skin β-Endorphin Mediates Addiction to UV Light.” Cell 157 (7): 1527–34.

Figge, Frank H. J. 1939. “Melanin: A Natural Reversible Oxidation-Reduction System and Indicator.” Experimental Biology and Medicine (Maywood, N.J.) 41 (1): 127.

Garland, Cedric F., June Jiwon Kim, Sharif Burgette Mohr, Edward Doerr Gorham, William B. Grant, Edward L. Giovannucci, Leo Baggerly, et al. 2014. “Meta-Analysis of All-Cause Mortality According to Serum 25-Hydroxyvitamin D.” American Journal of Public Health 104 (8): e43-50.

Holick, M. F. 1981. “The Cutaneous Photosynthesis of Previtamin D3: A Unique Photoendocrine System.” The Journal of Investigative Dermatology 77 (1): 51–58.

Holick, Michael F. 2007. “Vitamin D Deficiency.” The New England Journal of Medicine 357 (3): 266–81.

Kim, Hyun Soo, Yeo Jin Kim, Su Ji Kim, Doo Seok Kang, Tae Ryong Lee, Dong Wook Shin, Hyoung-June Kim, and Young Rok Seo. 2019. “Transcriptomic Analysis of Human Dermal Fibroblast Cells Reveals Potential Mechanisms Underlying the Protective Effects of Visible Red Light against Damage from Ultraviolet B Light.” Journal of Dermatological Science 94 (2): 276–83.

Leon, Josefa, Dario Acuña-Castroviejo, Rosa M. Sainz, Juan C. Mayo, Dun Xian Tan, and Russel J. Reiter. 2004. “Melatonin and Mitochondrial Function.” Life Sciences. Elsevier Inc. https://doi.org/10.1016/j.lfs.2004.03.003.

Lindqvist, P. G., E. Epstein, K. Nielsen, M. Landin-Olsson, C. Ingvar, and H. Olsson. 2016. “Avoidance of Sun Exposure as a Risk Factor for Major Causes of Death: A Competing Risk Analysis of the Melanoma in Southern Sweden Cohort.” Journal of Internal Medicine 280 (4): 375–87.

Litonjua, Augusto A., Vincent J. Carey, Nancy Laranjo, Benjamin J. Harshfield, Thomas F. McElrath, George T. O’Connor, Megan Sandel, et al. 2016. “Effect of Prenatal Supplementation with Vitamin D on Asthma or Recurrent Wheezing in Offspring by Age 3 Years: The VDAART Randomized Clinical Trial.” JAMA: The Journal of the American Medical Association 315 (4): 362–70.

McCollum, E. V., Nina Simmonds, J. Ernestine Becker, and P. G. Shipley. 1922. “Studies on Experimental Rickets.” The Journal of Biological Chemistry 53 (2): 293–312.

Nakashima, Yuya, Shigeo Ohta, and Alexander M. Wolf. 2017. “Blue Light-Induced Oxidative Stress in Live Skin.” Free Radical Biology & Medicine 108 (July): 300–310.

Prietl, Barbara, Gerlies Treiber, Thomas R. Pieber, and Karin Amrein. 2013. “Vitamin D and Immune Function.” Nutrients 5 (7): 2502–21.

Sommer, Andrei P., Mike Kh Haddad, and Hans Jörg Fecht. 2015. “Light Effect on Water Viscosity: Implication for ATP Biosynthesis.” Scientific Reports 5 (July). https://doi.org/10.1038/srep12029.

Tan, Dun-Xian, Russel J. Reiter, Scott Zimmerman, and Ruediger Hardeland. 2023. “Melatonin: Both a Messenger of Darkness and a Participant in the Cellular Actions of Non-Visible Solar Radiation of near Infrared Light.” Biology 12 (1): 89.

Wacker, Matthias, and Michael F. Holick. 2013. “Sunlight and Vitamin D: A Global Perspective for Health: A Global Perspective for Health.” Dermato-Endocrinology 5 (1): 51–108.

West, Kathleen E., Michael R. Jablonski, Benjamin Warfield, Kate S. Cecil, Mary James, Melissa A. Ayers, James Maida, et al. 2011. “Blue Light from Light-Emitting Diodes Elicits a Dose-Dependent Suppression of Melatonin in Humans.” Journal of Applied Physiology (Bethesda, Md.: 1985) 110 (3): 619–26.

Wicks, Nadine L., Jason W. Chan, Julia A. Najera, Jonathan M. Ciriello, and Elena Oancea. 2011. “UVA Phototransduction Drives Early Melanin Synthesis in Human Melanocytes.” Current Biology: CB 21 (22): 1906.

Wimalawansa, Sunil J. 2023. “Infections and Autoimmunity-the Immune System and Vitamin D: A Systematic Review.” Nutrients 15 (17): 3842.

Yang, Ling, Marie Lof, Marit Bragelien Veierød, Sven Sandin, Hans-Olov Adami, and Elisabete Weiderpass. 2011. “Ultraviolet Exposure and Mortality among Women in Sweden.” Cancer Epidemiology, Biomarkers & Prevention: A Publication of the American Association for Cancer Research, Cosponsored by the American Society of Preventive Oncology 20 (4): 683–90.

@ 0e9491aa:ef2adadf

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

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

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

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

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

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

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Microsoft Cloud hiring to "implement global small modular reactor and microreactor" strategy to power data centers: https://www.datacenterdynamics.com/en/news/microsoft-cloud-hiring-to-implement-global-small-modular-reactor-and-microreactor-strategy-to-power-data-centers/

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

@ 04c915da:3dfbecc9

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

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

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

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

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

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

@ 5c26ee8b:a4d229aa

Generally 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].

@ 99e7936f:d5d2197c

Staugefahr

Manchmal ist der Lehrer interessanter als der Unterrichtsinhalt. Man lernt dann beiläufig, obwohl  das Thema öde ist. Mir ging das vor vielen Jahren so, als ich in meiner Ausbildung zur Krankenschwester Inhalte zum Thema Hygiene lernen durfte. Unser Lehrer für Hygiene duschte morgens in der Schule, bevor er uns unterrichtete, damit er, sauber vor uns sitzend, glaubwürdig über die permanente Gefahr der Mikroorganismen im Klinikalltag reden konnte. Er lebte das, was er predigte. Er bot pathogenen Keimen keinen Nährboden. Er pflegte sich und seine Kleidung penibel. Er trug Hosen, Pullover und Schuhe aus den 70ern, die kaum Gebrauchsspuren aufwiesen. Er blieb Überzeugungen, die er einmal für richtig befunden hatte, treu, war aber stets bereit, etwas Neues anzunehmen, wenn dies Sinn machte. Bevor er jedoch Neues annahm, prüfte er mehrfach gründlich, las Fachliteratur und vermied Gespräche mit Experten.

Er versuchte damals, Entscheidungsträger in der Klinik darüber aufzuklären, wie man mit einfachen Mitteln Infektionen im Hause hätte minimieren können. Meist wurden seine Vorschläge nur zögerlich umgesetzt, obwohl seine Argumente fachlich richtig waren.

Mir kommt es heute mit dem Thema „Trauma“ und „traumatisierte Gesellschaft“ ähnlich vor. Niemand möchte sich mit dem Thema beschäftigen, obwohl doch alle wissen müssten, dass viele unangenehme Verhaltensweisen von Menschen im Alltag oder in der Politik etwas mit diesem Thema zu tun haben. Aber das Thema scheint irgendwie unbequem, mühsam und, vor allem, nicht greifbar.

Ein Trauma kann man genau so wenig sehen wie einen pathogenen Keim, deswegen scheint die Auseinandersetzung mit diesem Thema wie eine unappetitliche und lästige Pflichtaufgabe, die man nur mit spitzen Fingern anfasst, wenn überhaupt.

Wie kann man dieses dringend zu besprechende Thema „Trauma“ sichtbar machen?

Vielleicht geht das mit dem Bild vom Stau auf der Autobahn. Den kennt jeder. Und den Stau kann man nicht übersehen. Große leuchtende Schilder weisen auf ihn hin, damit man nicht unvorbereitet in ihn hinein fährt. Überall wird vor dem Stau gewarnt. Und trotzdem passiert er, denn wir sind der Stau, wir selbst machen den Stau.

Stau passiert, weil es Hindernisse auf unserem Weg gibt.

Der Stau ist VOR dem Hindernis. Die Traumafolgen sind gewissermaßen der Stau in unserem Leben, obwohl das Trauma HINTER uns liegt. Wie geht das? Ein Trauma liegt zeitlich gesehen zwar in der Vergangenheit, aber energetisch gesehen liegt es immer vor uns. Es begleitet uns, verfolgt uns, holt uns ein. Energie kennt kein VOR oder HINTER. Energie ist allgegenwärtig. Sobald das Trauma integriert ist, hört dieser Spuk auf. Aber ein nicht bearbeitetes Trauma stellt definitiv ein Hindernis auf unserem (Lebens)Weg dar. Es liegt dann VOR uns.

Dieser Vergleich humpelt ein wenig, zeigt aber dennoch die einfachen Mechanismen von Trauma auf, wie ich finde.

Auf der Autobahn gibt es also ein Hindernis. Entweder gibt es eine bekannte Baustelle, die wir bereits beim Planen der Route zur Kenntnis genommen haben (Trauma ist bereits gut bekannt). Oder es gibt einen Unfall auf der Strecke vor uns, den niemand absehen konnte (Das frühe Trauma wird in einer Alltagssituation plötzlich aktiviert). Jedenfalls stehen wir dann geplant oder ungeplant im Stau, vielmehr sind wir der Stau. Es geht nur langsam oder gar nicht mehr weiter, obwohl der (Lebens)Motor läuft. Bei Trauma ist das auch so. Trauma bewirkt ganz viel Entwicklungsverzögerung in einzelnen Lebensbereichen. Menschen erlernen mehrere Berufe, brauchen länger, um beruflich anzukommen, heiraten später, mehrfach oder nie. Menschen mit Trauma haben manchmal auch beruflich wie privat große Erfolge, fallen dann aber tief, um dadurch letztlich neu geboren zu werden. Trauma sieht man nicht immer auf den ersten Blick. Es kann auch hinter jeder normalen Fassade stecken. Je nach Schwere des Traumas, kann Trauma auch alle Lebensbereiche gleichermaßen treffen. Das  entspricht dann dem Pendler, der regelmäßig Sommer wie Winter im Stau steht und auch schon selbst mal eine Panne, im Stau stehend, hatte.

Man erreicht einfach nicht die Ziele, die man sich selbst gesteckt hat. Man kann dann versuchen, die nächste Abfahrt zu nehmen, einen Umweg zu fahren, während des Staus etwas anderes zu erledigen, sich selbst zu erzählen, dass ein Stau gar kein Hindernis sei, sondern eine prima Gelegenheit, um eine Pause zu machen. Und man kann andere Menschen anrufen und erklären, dass man später komme oder sonstiges tun. Aber man steht im Stau, man ist der Stau. Es geht nicht so weiter, wie gewünscht, und man muss das hinnehmen. Verschiedene unangenehme Gefühle melden sich zwangsläufig. Man stellt sich die Sinnfrage, man schaut, wie andere mit dem Stau umgehen, und man möchte gefühlt nie wieder in einem Stau stehen, weil es nervt. Es bringt einen nicht um, aber es nervt. Und es ist ja nicht das erste Mal. Man möchte so gern ein Leben haben ohne Stau. Das wär´s. Es nervt einfach. Und dann nach langer Zeit, mit Blick auf die Tankanzeige, geht es endlich weiter. Die Autos fahren langsam an und der Verkehr rollt wieder. Man wirft einen kurzen Blick auf das Verkehrshindernis und fährt dann zügig weiter. Denn man will nur noch weg von diesem Streckenabschnitt/ Lebensabschnitt. Der Stresspegel im Körper geht runter, man atmet durch und entspannt sich. Aber es war unschön. Nächstes Mal will man die Route besser planen oder gleich mit dem Zug fahren. Man ist erleichtert und hat endlich die Kontrolle über sein Leben zurück. Jetzt ist alles möglich.

Es gibt viele Parallelen zwischen einem Stau und einem Trauma bzw. den Traumafolgen.

Traumabewältigung ist jedoch viel schmerzhafter, als an einem Verkehrshindernis nach längerer Wartezeit einfach vorbei zu fahren. Und man verpasst auch mehr im Leben als nur eine Stunde Zeit, die man auf leblosem Asphalt verbringt. Der Preis, den man für Trauma bezahlt, ist kaum zu beziffern. Und ein Trauma wirft nicht nur die Sinnfrage auf, sondern auch die Frage nach der eigenen Identität. Im Stau auf der Autobahn weiß ich genau, wer ich bin. Aber nach einem frühen Trauma gehen einige Seelenanteile auf eine lange Reise. Und wenn ein Trauma später im Leben passiert, dann sagen Menschen: „Ich habe mich selbst nicht mehr wieder erkannt.“ Trauma wirbelt alles in Dir durcheinander. Und genau darin liegt die Chance. Du musst jedes Teil, jeden Aspekt Deiner Persönlichkeit einzeln in die Hand nehmen, an den richtigen Ort zurück legen, und dadurch lernst Du Dich selbst kennen (und lieben) wie nie zuvor. Der Gewinn von Traumaarbeit übersteigt den zuvor gezahlten Preis. Das nennt man dann posttraumatisches Wachstum. Man ist erleichtert und hat viel mehr als nur die Kontrolle über sein Leben zurück. Eigentlich ist das schon die ganze Geschichte.

Das riesige Problem an der Traumabewältigung ist halt, dass es ein so  schmerzhafter und langwieriger Prozess ist. Aber auch hier gibt es gute Nachrichten. Viel von dem Kummer, den wir „im Stau“ erleben, hat etwas mit unseren positiv wie negativ übertriebenen Erwartungen an uns und andere und dem verloren gegangenen Kulturwissen in Bezug auf das Thema „Trauma“ zu tun. Trauma hat die Eigenart, in Vergessenheit zu geraten. Daher gibt es viele falsche Verkehrsmeldungen diesbezüglich. Deswegen möchte ich mein Erfahrungswissen zum Thema „Trauma“ teilen, weil ich denke, dass das Ängste abbauen kann, sich diesem Thema auf ganz natürliche Weise anzunähern, vergleichbar mit der WDR-Produktion „der siebte Sinn“ und getreu dem Motto „Gefahr erkannt, Gefahr gebannt“.

Man kann jedes Problem aufbauschen oder sachlich betrachten. Und es macht einen riesigen Unterschied, ob man mit einem Problem allein gelassen wird, oder ob man wohlwollende und kundige Hilfe an der Seite hat. Und genau dies sind meine zentralen Kritikpunkte zum Thema. Das Thema „Trauma“ wird  als unlösbar hingestellt und dadurch unnötig aufgebauscht. Deswegen muss man dieses Thema quasi schon vermeiden, wenn man sich nicht den Tag verderben möchte. Und in der Folge werden von Experten Hilfen angepriesen, die aber leider oft nicht zuverlässig helfen können, weil das Thema ja unlösbar ist. Der verhängnisvolle Kreis schließt sich, und man kommt ins Schleudern.

Kulturwissen wird verfälscht und verdreht, ein übles Schleudertrauma entsteht.

Nein, mal im Ernst, ich möchte das Thema sachlich betrachten und zumindest Impulse für eine günstige Betrachtungsweise geben. Diese Impulse kommen aus meinen persönlichen Erfahrungen und aus Beobachtungen, die ich gemacht habe. Mir ist bewusst, dass jeder Mensch Verletzungen und spätere Probleme, die daraus resultieren, unterschiedlich erlebt. Aber vielleicht geht es gerade um diesen in unserer Kultur fehlenden analogen, lebendigen und authentischen Austausch von Nicht-Experten über die verschiedenen Verletzungen, die daraus resultierende Probleme und die ­- sehr wohl - vorhandenen Lösungen.

Trauma ist das, was man draus macht.

Ich persönlich kenne niemanden, der kein Trauma erlebt hat.

Leben bedeutet immer auch, dass man Verletzungen erlebt.

Trauma passiert jedem.

Trauma passiert auch robusten Menschen.

Bestimmte Traumata haben immer sehr ähnliche Traumafolgen. Man ist nicht alleine damit.

Menschen reagieren ähnlich auf bestimmte Ereignisse im Leben, das hängt mit unserem Menschsein, der Biologie und der Evolution zusammen.

Menschen reden nicht gern über ihr Trauma.

Menschen schämen sich für ihr Trauma.

Menschen geben sich selbst die Schuld für ihr Trauma.

Menschen versuchen alles, um ihr Trauma zu vergessen oder ungeschehen zu machen.

Menschen erleben einen tiefen Schmerz durch Trauma.

Menschen werden aggressiv, weil sie selber verletzt wurden.

Menschen werden durch Aggression selbst zum Täter. Diese Gefahr besteht zumindest.

Menschen lehnen sich selbst ab für diese aggressiven Impulse.

Alle Gefühle haben eine Funktion. Auch negative Gefühle haben eine Funktion.

Negative Gefühle beschützen unser Leben.

Deswegen sind auch negative Gefühle im bestimmten Maße gut.

Der Schmerz, der durch Trauma entsteht, hat jedoch eine besondere Funktion.

Streng genommen, ist er kein Gefühl, aber egal.

Er ist jedenfalls der letzte und wichtigste Hüter des Lebens. Man sollte ihn nicht übergehen oder versuchen, ihn weg zu machen. Er ist die rote Ampel, die den Stau regelt.

Eine rote Ampel in einem Stau zu ignorieren, ist verhängnisvoll.

Halte lieber an dieser roten Ampel im Stau, auch wenn es schmerzt.

Dieser Schmerz ist die schwierigste, aber auch wichtigste Herausforderung bei der Traumabewältigung, denn er verzögert Dein ohnehin gestautes Leben noch zusätzlich.

Wer es schafft, die Geduld aufzubringen und sich diesem Schmerz hinzugeben, der erlebt Wunder.

Dieses schlimmste Gefühl bringt Dir quasi Dein Leben und die grüne Welle zurück.

Wenn der Schmerz zu Dir kommt, dann heiße ihn willkommen.

Wir sind gesellschaftlich betrachtet mit unseren unguten Verhaltensweisen mittlerweile im Stau angekommen, und die Ampel, die den Stau regelt, steht auf Rot.

Je ehrlicher wir den Schmerz jetzt zulassen, spüren und nicht wegmachen, desto eher sind wir bereit, unbequeme Veränderungen, die vielleicht mit Verzicht, Orientierungslosigkeit und zaghaften Versuchen zu tun haben, zu beginnen. Im Schmerz wächst ein Bewusstsein dafür, was richtig ist. Und es wächst die Kraft, das Gute zu tun. Der Schmerz macht entschlossen. Der Schmerz zeigt, wo das Lebendige liegt und dass es schützenswert ist. Der Schmerz reduziert unseren Blick auf das Wesentliche, auf das Leben und die Liebe, was aufs Gleiche heraus kommt. Der Schmerz markiert einfach nur die Grenze des Lebens. Und deswegen ist er gut, besonders in diesen Tagen.

Heiße den Schmerz willkommen, er gibt uns alle Information FÜR das Leben.

@ f6488c62:c929299d

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

Part One: 2029–2032

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

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

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

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

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

Time Jump: 2032–2047

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

Part Two: 2047

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

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

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

Key Differences

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

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

@ 975e4ad5:8d4847ce

Bitcoin 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.

@ 662f9bff:8960f6b2

I 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

• I Finance the Current Thing by Allen Farrington - when money is political, everything is political...

• Prediction for 2030 (the Great Reset). Sorelle explains things pretty clearly if you care to watch and listen...

• 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?

• 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...

• 1984 by George Orwell - look for the perpetual war & conflict, ubiquitous surveillance and censorship not to mention Room 101

• 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.

• 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...

• Habits 1-3 are habits of Self - they determine how you behave and feel

• Habits 4-6 are habits of interpersonal behaviour - they determine how you deal with and interact with others

• 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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Passou 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.

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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.

@ 82b30d30:40c6c003

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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 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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

@ 0e9491aa:ef2adadf

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

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

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

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

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

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

Current Nostr Stats

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

@ 9973da5b:809c853f

First 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

@ 6ad3e2a3:c90b7740

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

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

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

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

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

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

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

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

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

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

. . .

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

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

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

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

@ 2b998b04:86727e47

\> “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:

• Middle managers approving other middle managers' reports

• Employees running meetings to prepare for other meetings

• 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:

• Tasks that used to take hours now take seconds

• Whole creative and administrative processes are being streamlined

• 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:

• Prompt engineers writing prompts for other prompt engineers

• "Human-in-the-loop" validators reviewing AI output they don’t understand

• 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:

• Eliminate meaningless labor

• Reduce the cost of living dramatically

• 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.

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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. ⚡

@ cae03c48:2a7d6671

Bitcoin Magazine

Michael Saylor’s Strategy (MSTR) Opens $2.1B ATM Program for Strife Preferred Stock 

Strategy has launched a $2.1 billion At-The-Market (ATM) equity program for its Strife (STRF) preferred stock, marking another step in the firm’s long-term strategy to build a Bitcoin-backed financial architecture.

The announcement was made by CEO and President Phong Lee during an investor update alongside Executive Chairman Michael Saylor. According to Lee, strong year-to-date results from the firm’s Bitcoin-linked securities Strike (STRK) and Strife (STRF) gave Strategy the confidence to expand its fundraising strategy. 

BREAKING: Strategy to sell up to $2.1 billion of 10% preferred stock.pic.twitter.com/xufD8uv64v

— Bitcoin Magazine (@BitcoinMagazine) May 22, 2025

“We’re currently at 16.3% BTC yield for the year, against a 25% target,” Lee said. “BTC dollar gain is $7.7 billion so far, on track toward our $15 billion target.”

Both instruments have outperformed expectations since launch. Strike is up 24% from its initial price of $80 to nearly $100. Strife, which was priced at $85 just two months ago, now trades around $98.80, a 16% increase. By comparison, similarly structured preferreds in the market have declined by 3–5% over the same period. 

In the last 30 days alone, Strike rose 17% and Strife 12%, bringing both close to par value. Lee emphasized the liquidity profile of these instruments, citing average daily trading volumes of $31 million for Strike and $23 million for Strife. “That’s 60x what we typically see in comparable preferreds,” he noted. 

The company previously issued $212 million through Strike’s ATM, with no adverse pricing pressure. Based on the trading volume and investor demand, Lee said the company believes the $2.1 billion Strife ATM can be executed in a similar fashion.

Strife is a perpetual preferred stock with a 10% coupon and sits at the top of Strategy’s capital stack. Saylor described it as “the crown jewel” of the company’s preferred offerings. “We’re going to be ten times as careful with Strife,” he said. “Our goal is for it to be seen as investment-grade fixed income — a high-quality instrument with robust protections.”

Strike, by contrast, is positioned for what Saylor called “Bitcoin-curious” investors. It carries an 8% coupon and includes upside through Bitcoin conversion. “Think of it like a Bitcoin fellowship with a stipend,” Saylor said. 

Strategy now operates three ATM programs: $21 billion each for MSTR equity and Strike, and $2.1 billion for Strife. These are rebalanced daily, with issuance adjusted based on market conditions, volatility, and investor demand. According to Saylor, this dynamic structure allows the company to optimize Bitcoin acquisition and capital deployment across changing market environments.

Behind this strategy sits Strategy’s Bitcoin treasury, now totaling 576,230 BTC — roughly $60 billion in value. “That permanent capital is the foundation for everything we’re building,” Saylor said.

While spot Bitcoin ETFs cater to investors looking for direct price exposure, Strategy continues to offer a more nuanced set of instruments — each targeting different levels of risk, return, and compliance. The Strife ATM is the latest move in that broader strategy.

This post Michael Saylor’s Strategy (MSTR) Opens $2.1B ATM Program for Strife Preferred Stock  first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 2f29aa33:38ac6f13

The Myth and the Magic

Picture this: a group of investors, huddled around a glowing computer screen, nervously watching Bitcoin’s price. Suddenly, someone produces a stick-no ordinary stick, but a magical one. With a mischievous grin, they poke the Bitcoin. The price leaps upward. Cheers erupt. The legend of the Bitcoin stick is born.

But why does poking Bitcoin with a stick make the price go up? Why does it only work for a lucky few? And what does the data say about this mysterious phenomenon? Let’s dig in, laugh a little, and maybe learn the secret to market-moving magic.

The Statistical Side of Stick-Poking

Bitcoin’s Price: The Wild Ride

Bitcoin’s price is famous for its unpredictability. In the past year, it’s soared, dipped, and soared again, sometimes gaining more than 50% in just a few months. On a good day, billions of dollars flow through Bitcoin trades, and the price can jump thousands in a matter of hours. Clearly, something is making this happen-and it’s not just spreadsheets and financial news.

What Actually Moves the Price?

• Scarcity: Only 21 million Bitcoins will ever exist. When more people want in, the price jumps.

• Big News: Announcements, rumors, and meme-worthy moments can send the price flying.

• FOMO: When people see Bitcoin rising, they rush to buy, pushing it even higher.

• Liquidations: When traders betting against Bitcoin get squeezed, it triggers a chain reaction of buying.

But let’s be honest: none of this is as fun as poking Bitcoin with a stick.

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The Magical Stick: Not Your Average Twig

Why Not Every Stick Works

You can’t just grab any old branch and expect Bitcoin to dance. The magical stick is a rare artifact, forged in the fires of internet memes and blessed by the spirit of Satoshi. Only a chosen few possess it-and when they poke, the market listens.

Signs You Have the Magical Stick

• When you poke, Bitcoin’s price immediately jumps a few percent.

• Your stick glows with meme energy and possibly sparkles with digital dust.

• You have a knack for timing your poke right after a big event, like a halving or a celebrity tweet.

• Your stick is rumored to have been whittled from the original blockchain itself.

Why Most Sticks Fail

• No Meme Power: If your stick isn’t funny, Bitcoin ignores you.

• Bad Timing: Poking during a bear market just annoys the blockchain.

• Not Enough Hype: If the bitcoin community isn’t watching, your poke is just a poke.

• Lack of Magic: Some sticks are just sticks. Sad, but true.

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The Data: When the Stick Strikes

Let’s look at some numbers:

• In the last month, Bitcoin’s price jumped over 20% right after a flurry of memes and stick-poking jokes.

• Over the past year, every major price surge was accompanied by a wave of internet hype, stick memes, or wild speculation.

• In the past five years, Bitcoin’s biggest leaps always seemed to follow some kind of magical event-whether a halving, a viral tweet, or a mysterious poke.

Coincidence? Maybe. But the pattern is clear: the stick works-at least when it’s magical.

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The Role of Memes, Magic, and Mayhem

Bitcoin’s price is like a cat: unpredictable, easily startled, and sometimes it just wants to be left alone. But when the right meme pops up, or the right stick pokes at just the right time, the price can leap in ways that defy logic.

The bitcoin community knows this. That’s why, when Bitcoin’s stuck in a rut, you’ll see a flood of stick memes, GIFs, and magical thinking. Sometimes, it actually works.

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The Secret’s in the Stick (and the Laughs)

So, does poking Bitcoin with a stick really make the price go up? If your stick is magical-blessed by memes, timed perfectly, and watched by millions-absolutely. The statistics show that hype, humor, and a little bit of luck can move markets as much as any financial report.

Next time you see Bitcoin stalling, don’t just sit there. Grab your stick, channel your inner meme wizard, and give it a poke. Who knows? You might just be the next legend in the world of bitcoin magic.

And if your stick doesn’t work, don’t worry. Sometimes, the real magic is in the laughter along the way.

-aco

@block height: 897,104

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@ cae03c48:2a7d6671

Bitcoin Magazine

H100 Group Became The First Publicly Listed Bitcoin Treasury Company In Sweden

H100 Group AB has announced it has become Sweden’s first publicly listed health technology company to adopt Bitcoin as a treasury reserve asset, announcing the purchase of 4.39 BTC for 5 million NOK (approximately $475,000) as part of its long-term Bitcoin Treasury Strategy.

The Stockholm-based company, which provides AI-powered automation and digital solutions for healthcare providers, joins a growing roster of public companies adding Bitcoin to their balance sheets in 2025. The purchase was executed at an average price of 1,138,737 NOK per Bitcoin (roughly $108,200).

JUST IN: H100 Group buys 4.39 BTC and becomes Sweden's first publicly listed #Bitcoin treasury company. pic.twitter.com/pNXe9XT2a7

— Bitcoin Magazine (@BitcoinMagazine) May 22, 2025

“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented growth companies holding Bitcoin on their balance sheet,” said CEO Sander Andersen. “And I believe the values of individual sovereignty highly present in the Bitcoin community aligns well with, and will appeal to, the customers and communities we are building the H100 platform for.”

The move comes amid a surge in corporate Bitcoin adoption, with many public companies announcing Bitcoin treasury programs in the first five months of 2025. Notable recent entrants include Twenty One Capital, Strive and several others.

H100 Group emphasized that the Bitcoin purchase does not affect its core operations in the health and longevity industry. The company views the investment as a strategic deployment of excess liquidity to strengthen its financial position while aligning with its values of individual sovereignty.

The announcement reflects a broader shift in corporate treasury management, as companies seek to diversify their holdings beyond traditional cash reserves.

At press time, Bitcoin trades at $111,108, up 1.28% over the past 24 hours, as institutional adoption continues to drive market momentum. H100 Group’s shares closed up 1.37% at 0.89 SEK on the NGM Nordic SME exchange following the announcement.

This post H100 Group Became The First Publicly Listed Bitcoin Treasury Company In Sweden first appeared on Bitcoin Magazine and is written by Vivek Sen.

@ 6ad3e2a3:c90b7740

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

@ 6ad3e2a3:c90b7740

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

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

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

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

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

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

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

@ eb0157af:77ab6c55

According 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.

@ 94215f42:7681f622

The 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:

• Strong brand and customer relationships

• High customer acquisition costs in the industry

• Regulatory barriers to entry

• Capital-intensive startup requirements

• 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:

• Understand the cycle and position accordingly

• Focus on unique value creation rather than routine processing or middleman models

• Build local networks and relationships

• Preserve wealth through the monetary transition

• 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 :)

@ c1e9ab3a:9cb56b43

I. Historical Foundations of U.S. Monetary Architecture

The early monetary system of the United States was built atop inherited commodity money conventions from Europe’s maritime economies. Silver and gold coins—primarily Spanish pieces of eight, Dutch guilders, and other foreign specie—formed the basis of colonial commerce. These units were already integrated into international trade and piracy networks and functioned with natural compatibility across England, France, Spain, and Denmark. Lacking a centralized mint or formal currency, the U.S. adopted these forms de facto.

As security risks and the practical constraints of physical coinage mounted, banks emerged to warehouse specie and issue redeemable certificates. These certificates evolved into fiduciary media—claims on specie not actually in hand. Banks observed over time that substantial portions of reserves remained unclaimed for years. This enabled fractional reserve banking: issuing more claims than reserves held, so long as redemption demand stayed low. The practice was inherently unstable, prone to panics and bank runs, prompting eventual centralization through the formation of the Federal Reserve in 1913.

Following the Civil War and unstable reinstatements of gold convertibility, the U.S. sought global monetary stability. After World War II, the Bretton Woods system formalized the U.S. dollar as the global reserve currency. The dollar was nominally backed by gold, but most international dollars were held offshore and recycled into U.S. Treasuries. The Nixon Shock of 1971 eliminated the gold peg, converting the dollar into pure fiat. Yet offshore dollar demand remained, sustained by oil trade mandates and the unique role of Treasuries as global reserve assets.

II. The Structure of Fiduciary Media and Treasury Demand

Under this system, foreign trade surpluses with the U.S. generate excess dollars. These surplus dollars are parked in U.S. Treasuries, thereby recycling trade imbalances into U.S. fiscal liquidity. While technically loans to the U.S. government, these purchases act like interest-only transfers—governments receive yield, and the U.S. receives spendable liquidity without principal repayment due in the short term. Debt is perpetually rolled over, rarely extinguished.

This creates an illusion of global subsidy: U.S. deficits are financed via foreign capital inflows that, in practice, function more like financial tribute systems than conventional debt markets. The underlying asset—U.S. Treasury debt—functions as the base reserve asset of the dollar system, replacing gold in post-Bretton Woods monetary logic.

III. Emergence of Tether and the Parastatal Dollar

Tether (USDT), as a private issuer of dollar-denominated tokens, mimics key central bank behaviors while operating outside the regulatory perimeter. It mints tokens allegedly backed 1:1 by U.S. dollars or dollar-denominated securities (mostly Treasuries). These tokens circulate globally, often in jurisdictions with limited banking access, and increasingly serve as synthetic dollar substitutes.

If USDT gains dominance as the preferred medium of exchange—due to technological advantages, speed, programmability, or access—it displaces Federal Reserve Notes (FRNs) not through devaluation, but through functional obsolescence. Gresham’s Law inverts: good money (more liquid, programmable, globally transferable USDT) displaces bad (FRNs) even if both maintain a nominal 1:1 parity.

Over time, this preference translates to a systemic demand shift. Actors increasingly use Tether instead of FRNs, especially in global commerce, digital marketplaces, or decentralized finance. Tether tokens effectively become shadow base money.

IV. Interaction with Commercial Banking and Redemption Mechanics

Under traditional fractional reserve systems, commercial banks issue loans denominated in U.S. dollars, expanding the money supply. When borrowers repay loans, this destroys the created dollars and contracts monetary elasticity. If borrowers repay in USDT instead of FRNs:

• Banks receive a non-Fed liability (USDT).
• USDT is not recognized as reserve-eligible within the Federal Reserve System.
• Banks must either redeem USDT for FRNs, or demand par-value conversion from Tether to settle reserve requirements and balance their books.

This places redemption pressure on Tether and threatens its 1:1 peg under stress. If redemption latency, friction, or cost arises, USDT’s equivalence to FRNs is compromised. Conversely, if banks are permitted or compelled to hold USDT as reserve or regulatory capital, Tether becomes a de facto reserve issuer.

In this scenario, banks may begin demanding loans in USDT, mirroring borrower behavior. For this to occur sustainably, banks must secure Tether liquidity. This creates two options: - Purchase USDT from Tether or on the secondary market, collateralized by existing fiat. - Borrow USDT directly from Tether, using bank-issued debt as collateral.

The latter mirrors Federal Reserve discount window operations. Tether becomes a lender of first resort, providing monetary elasticity to the banking system by creating new tokens against promissory assets—exactly how central banks function.

V. Structural Consequences: Parallel Central Banking

If Tether begins lending to commercial banks, issuing tokens backed by bank notes or collateralized debt obligations: - Tether controls the expansion of broad money through credit issuance. - Its balance sheet mimics a central bank, with Treasuries and bank debt as assets and tokens as liabilities. - It intermediates between sovereign debt and global liquidity demand, replacing the Federal Reserve’s open market operations with its own issuance-redemption cycles.

Simultaneously, if Tether purchases U.S. Treasuries with FRNs received through token issuance, it: - Supplies the Treasury with new liquidity (via bond purchases). - Collects yield on government debt. - Issues a parallel form of U.S. dollars that never require redemption—an interest-only loan to the U.S. government from a non-sovereign entity.

In this context, Tether performs monetary functions of both a central bank and a sovereign wealth fund, without political accountability or regulatory transparency.

VI. Endgame: Institutional Inversion and Fed Redundancy

This paradigm represents an institutional inversion:

• The Federal Reserve becomes a legacy issuer.
• Tether becomes the operational base money provider in both retail and interbank contexts.
• Treasuries remain the foundational reserve asset, but access to them is mediated by a private intermediary.
• The dollar persists, but its issuer changes. The State becomes a fiscal agent of a decentralized financial ecosystem, not its monetary sovereign.

Unless the Federal Reserve reasserts control—either by absorbing Tether, outlawing its instruments, or integrating its tokens into the reserve framework—it risks becoming irrelevant in the daily function of money.

Tether, in this configuration, is no longer a derivative of the dollar—it is the dollar, just one level removed from sovereign control. The future of monetary sovereignty under such a regime is post-national and platform-mediated.

@ cae03c48:2a7d6671

Bitcoin Magazine

The Freedom Issue: Letter From the Editor

Bitcoin is freedom money, a censorship-resistant form of digital cash allowing anyone with an internet connection to send money to anyone else, regardless of nationality, borders, or other arbitrary restrictions.

I personally first heard about Bitcoin in early 2013, through friends who were buying… stuff from Silk Road, the darknet marketplace helmed by the mysterious Dread Pirate Roberts. Although Silk Road was controversial (the “stuff” most people bought and sold was, of course, illegal drugs), it represented a radical example of the form of freedom that Bitcoin provides.

Later in 2013, Silk Road was shut down by the FBI, and Ross Ulbricht was revealed as the market’s founder and the true identity behind the Dread Pirate Roberts pseudonym — although he claims several people operated the account. Ulbricht was sentenced to two life sentences plus forty years in prison without the possibility of parole.

In my view — and that of many Bitcoiners — it was excessive. Even if you believe Ulbricht was guilty of everything he was convicted of (all nonviolent crimes), he was made an example of, and didn’t actually deserve to be locked up for the rest of his days.

Fortunately, Ulbricht was granted a full and unconditional pardon from President Trump in January of this year. The founder of Silk Road, in a very literal sense, has regained his freedom.

This edition of Bitcoin Magazine celebrates and highlights the freedom aspect of Bitcoin with a range of articles and artwork focusing on the people and projects that use bitcoin to advance liberty, and those who make this possible… with a special focus on Ulbricht and Silk Road.

For other stories about bitcoin as freedom money, flip the magazine around!

Welcome to The Freedom Issue.

Aaron van Wirdum

Don’t miss your chance to own The Freedom Issue—featuring never-before-seen letters from Ross Ulbricht and his mother, Lyn. Limited run. Only available while supplies last.

This piece is the Letter from the Editor featured in the latest print edition of Bitcoin Magazine, The Freedom Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.

This post The Freedom Issue: Letter From the Editor first appeared on Bitcoin Magazine and is written by Aaron Van Wirdum.

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[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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If you're an engineer stepping into the Bitcoin space from the broader crypto ecosystem, you're probably carrying a mental model shaped by speed, flexibility, and rapid innovation. That makes sense—most blockchain platforms pride themselves on throughput, programmability, and dev agility.

But Bitcoin operates from a different set of first principles. It’s not competing to be the fastest network or the most expressive smart contract platform. It’s aiming to be the most credible, neutral, and globally accessible value layer in human history.

Here’s why that matters—and why Bitcoin is not just an alternative crypto asset, but a structural necessity in the global financial system.

1. Bitcoin Fixes the Triffin Dilemma—Not With Policy, But Protocol

The Triffin Dilemma shows us that any country issuing the global reserve currency must run persistent deficits to supply that currency to the world. That’s not a flaw of bad leadership—it’s an inherent contradiction. The U.S. must debase its own monetary integrity to meet global dollar demand. That’s a self-terminating system.

Bitcoin sidesteps this entirely by being:

• Non-sovereign – no single nation owns it
• Hard-capped – no central authority can inflate it
• Verifiable and neutral – anyone with a full node can enforce the rules

In other words, Bitcoin turns global liquidity into an engineering problem, not a political one. No other system, fiat or crypto, has achieved that.

2. Bitcoin’s “Ossification” Is Intentional—and It's a Feature

From the outside, Bitcoin development may look sluggish. Features are slow to roll out. Code changes are conservative. Consensus rules are treated as sacred.

That’s the point.

When you’re building the global monetary base layer, stability is not a weakness. It’s a prerequisite. Every other financial instrument, app, or protocol that builds on Bitcoin depends on one thing: assurance that the base layer won’t change underneath them without extreme scrutiny.

So-called “ossification” is just another term for predictability and integrity. And when the market does demand change (SegWit, Taproot), Bitcoin’s soft-fork governance process has proven capable of deploying it safely—without coercive central control.

3. Layered Architecture: Throughput Is Not a Base Layer Concern

You don’t scale settlement at the base layer. You build layered systems. Just as TCP/IP doesn't need to carry YouTube traffic directly, Bitcoin doesn’t need to process every microtransaction.

Instead, it anchors:

• Lightning (fast payments)
• Fedimint (community custody)
• Ark (privacy + UTXO compression)
• Statechains, sidechains, and covenants (coming evolution)

All of these inherit Bitcoin’s security and scarcity, while handling volume off-chain, in ways that maintain auditability and self-custody.

4. Universal Assayability Requires Minimalism at the Base Layer

A core design constraint of Bitcoin is that any participant, anywhere in the world, must be able to independently verify the validity of every transaction and block—past and present—without needing permission or relying on third parties.

This property is called assayability—the ability to “test” or verify the authenticity and integrity of received bitcoin, much like verifying the weight and purity of a gold coin.

To preserve this:

• The base layer must remain resource-light, so running a full node stays accessible on commodity hardware.
• Block sizes must remain small enough to prevent centralization of verification.
• Historical data must remain consistent and tamper-evident, enabling proof chains across time and jurisdiction.

Any base layer that scales by increasing throughput or complexity undermines this fundamental guarantee, making the network more dependent on trust and surveillance infrastructure.

Bitcoin prioritizes global verifiability over throughput—because trustless money requires that every user can check the money they receive.

5. Governance: Not Captured, Just Resistant to Coercion

The current controversy around OP_RETURN and proposals to limit inscriptions is instructive. Some prominent devs have advocated for changes to block content filtering. Others see it as overreach.

Here's what matters:

• No single dev, or team, can force changes into the network. Period.
• Bitcoin Core is not “the source of truth.” It’s one implementation. If it deviates from market consensus, it gets forked, sidelined, or replaced.
• The economic majority—miners, users, businesses—enforce Bitcoin’s rules, not GitHub maintainers.

In fact, recent community resistance to perceived Core overreach only reinforces Bitcoin’s resilience. Engineers who posture with narcissistic certainty, dismiss dissent, or attempt to capture influence are routinely neutralized by the market’s refusal to upgrade or adopt forks that undermine neutrality or openness.

This is governance via credible neutrality and negative feedback loops. Power doesn’t accumulate in one place. It’s constantly checked by the network’s distributed incentives.

6. Bitcoin Is Still in Its Infancy—And That’s a Good Thing

You’re not too late. The ecosystem around Bitcoin—especially L2 protocols, privacy tools, custody innovation, and zero-knowledge integrations—is just beginning.

If you're an engineer looking for:

• Systems with global scale constraints
• Architectures that optimize for integrity, not speed
• Consensus mechanisms that resist coercion
• A base layer with predictable monetary policy

Then Bitcoin is where serious systems engineers go when they’ve outgrown crypto theater.

Take-away

Under realistic, market-aware assumptions—where:

• Bitcoin’s ossification is seen as a stability feature, not inertia,
• Market forces can and do demand and implement change via tested, non-coercive mechanisms,
• Proof-of-work is recognized as the only consensus mechanism resistant to fiat capture,
• Wealth concentration is understood as a temporary distribution effect during early monetization,
• Low base layer throughput is a deliberate design constraint to preserve verifiability and neutrality,
• And innovation is layered by design, with the base chain providing integrity, not complexity...

Then Bitcoin is not a fragile or inflexible system—it is a deliberately minimal, modular, and resilient protocol.

Its governance is not leaderless chaos; it's a negative-feedback structure that minimizes the power of individuals or institutions to coerce change. The very fact that proposals—like controversial OP_RETURN restrictions—can be resisted, forked around, or ignored by the market without breaking the system is proof of decentralized control, not dysfunction.

Bitcoin is an adversarially robust monetary foundation. Its value lies not in how fast it changes, but in how reliably it doesn't—unless change is forced by real, bottom-up demand and implemented through consensus-tested soft forks.

In this framing, Bitcoin isn't a slower crypto. It's the engineering benchmark for systems that must endure, not entertain.

Final Word

Bitcoin isn’t moving slowly because it’s dying. It’s moving carefully because it’s winning. It’s not an app platform or a sandbox. It’s a protocol layer for the future of money.

If you're here because you want to help build that future, you’re in the right place.

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Introduction: The Power of Fiction and the Shaping of Collective Morality

Stories define the moral landscape of a civilization. From the earliest mythologies to the modern spectacle of global cinema, the tales a society tells its youth shape the parameters of acceptable behavior, the cost of transgression, and the meaning of justice, power, and redemption. Among the most globally influential narratives of the past half-century is the Star Wars saga, a sprawling science fiction mythology that has transcended genre to become a cultural religion for many. Central to this mythos is the arc of Anakin Skywalker, the fallen Jedi Knight who becomes Darth Vader. In Star Wars: Episode III – Revenge of the Sith, Anakin commits what is arguably the most morally abhorrent act depicted in mainstream popular cinema: the mass murder of children. And yet, by the end of the saga, he is redeemed.

This chapter introduces the uninitiated to the events surrounding this narrative turn and explores the deep structural and ethical concerns it raises. We argue that the cultural treatment of Darth Vader as an anti-hero, even a role model, reveals a deep perversion in the collective moral grammar of the modern West. In doing so, we consider the implications this mythology may have on young adults navigating identity, masculinity, and agency in a world increasingly shaped by spectacle and symbolic narrative.

Part I: The Scene and Its Context

In Revenge of the Sith (2005), the third episode of the Star Wars prequel trilogy, the protagonist Anakin Skywalker succumbs to fear, ambition, and manipulation. Convinced that the Jedi Council is plotting against the Republic and desperate to save his pregnant wife from a vision of death, Anakin pledges allegiance to Chancellor Palpatine, secretly the Sith Lord Darth Sidious. Upon doing so, he is given a new name—Darth Vader—and tasked with a critical mission: to eliminate all Jedi in the temple, including its youngest members.

In one of the most harrowing scenes in the film, Anakin enters the Jedi Temple. A group of young children, known as "younglings," emerge from hiding and plead for help. One steps forward, calling him "Master Skywalker," and asks what they are to do. Anakin responds by igniting his lightsaber. The screen cuts away, but the implication is unambiguous. Later, it is confirmed through dialogue and visual allusion that he slaughtered them all.

There is no ambiguity in the storytelling. The man who will become the galaxy’s most feared enforcer begins his descent by murdering defenseless children.

Part II: A New Kind of Evil in Youth-Oriented Media

For decades, cinema avoided certain taboos. Even films depicting war, genocide, or psychological horror rarely crossed the line into showing children as victims of deliberate violence by the protagonist. When children were harmed, it was by monstrous antagonists, supernatural forces, or offscreen implications. The killing of children was culturally reserved for historical atrocities and horror tales.

In Revenge of the Sith, this boundary was broken. While the film does not show the violence explicitly, the implication is so clear and so central to the character arc that its omission from visual depiction does not blunt the narrative weight. What makes this scene especially jarring is the tonal dissonance between the gravity of the act and the broader cultural treatment of Star Wars as a family-friendly saga. The juxtaposition of child-targeted marketing with a central plot involving child murder is not accidental—it reflects a deeper narrative and commercial structure.

This scene was not a deviation from the arc. It was the intended turning point.

Part III: Masculinity, Militarism, and the Appeal of the Anti-Hero

Darth Vader has long been idolized as a masculine icon. His towering presence, emotionless control, and mechanical voice exude power and discipline. Military institutions have quoted him. He is celebrated in memes, posters, and merchandise. Within the cultural imagination, he embodies dominance, command, and strategic ruthlessness.

For many young men, particularly those struggling with identity, agency, and perceived weakness, Vader becomes more than a character. He becomes an archetype: the man who reclaims power by embracing discipline, forsaking emotion, and exacting vengeance against those who betrayed him. The emotional pain that leads to his fall mirrors the experiences of isolation and perceived emasculation that many young men internalize in a fractured society.

The symbolism becomes dangerous. Anakin's descent into mass murder is portrayed not as the outcome of unchecked cruelty, but as a tragic mistake rooted in love and desperation. The implication is that under enough pressure, even the most horrific act can be framed as a step toward a noble end.

Part IV: Redemption as Narrative Alchemy

By the end of the original trilogy (Return of the Jedi, 1983), Darth Vader kills the Emperor to save his son Luke and dies shortly thereafter. Luke mourns him, honors him, and burns his body in reverence. In the final scene, Vader's ghost appears alongside Obi-Wan Kenobi and Yoda—the very men who once considered him the greatest betrayal of their order. He is welcomed back.

There is no reckoning. No mention of the younglings. No memorial to the dead. No consequence beyond his own internal torment.

This model of redemption is not uncommon in Western storytelling. In Christian doctrine, the concept of grace allows for any sin to be forgiven if the sinner repents sincerely. But in the context of secular mass culture, such redemption without justice becomes deeply troubling. The cultural message is clear: even the worst crimes can be erased if one makes a grand enough gesture at the end. It is the erasure of moral debt by narrative fiat.

The implication is not only that evil can be undone by good, but that power and legacy matter more than the victims. Vader is not just forgiven—he is exalted.

Part V: Real-World Reflections and Dangerous Scripts

In recent decades, the rise of mass violence in schools and public places has revealed a disturbing pattern: young men who feel alienated, betrayed, or powerless adopt mythic narratives of vengeance and transformation. They often see themselves as tragic figures forced into violence by a cruel world. Some explicitly reference pop culture, quoting films, invoking fictional characters, or modeling their identities after cinematic anti-heroes.

It would be reductive to claim Star Wars causes such events. But it is equally naive to believe that such narratives play no role in shaping the symbolic frameworks through which vulnerable individuals understand their lives. The story of Anakin Skywalker offers a dangerous script:

• You are betrayed.
• You suffer.
• You kill.
• You become powerful.
• You are redeemed.

When combined with militarized masculinity, institutional failure, and cultural nihilism, this script can validate the darkest impulses. It becomes a myth of sacrificial violence, with the perpetrator as misunderstood hero.

Part VI: Cultural Responsibility and Narrative Ethics

The problem is not that Star Wars tells a tragic story. Tragedy is essential to moral understanding. The problem is how the culture treats that story. Darth Vader is not treated as a warning, a cautionary tale, or a fallen angel. He is merchandised, celebrated, and decontextualized.

By separating his image from his actions, society rebrands him as a figure of cool dominance rather than ethical failure. The younglings are forgotten. The victims vanish. Only the redemption remains. The merchandise continues to sell.

Cultural institutions bear responsibility for how such narratives are presented and consumed. Filmmakers may intend nuance, but marketing departments, military institutions, and fan cultures often reduce that nuance to symbol and slogan.

Conclusion: Reckoning with the Stories We Tell

The story of Anakin Skywalker is not morally neutral. It is a tale of systemic failure, emotional collapse, and unchecked violence. When presented in full, it can serve as a powerful warning. But when reduced to aesthetic dominance and easy redemption, it becomes a tool of moral decay.

The glorification of Darth Vader as a cultural icon—divorced from the horrific acts that define his transformation—is not just misguided. It is dangerous. It trains a generation to believe that power erases guilt, that violence is a path to recognition, and that final acts of loyalty can overwrite the deliberate murder of the innocent.

To the uninitiated, Star Wars may seem like harmless fantasy. But its deepest myth—the redemption of the child-killer through familial love and posthumous honor—deserves scrutiny. Not because fiction causes violence, but because fiction defines the possibilities of how we understand evil, forgiveness, and what it means to be a hero.

We must ask: What kind of redemption erases the cries of murdered children? And what kind of culture finds peace in that forgetting?

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Bitcoin Magazine

Bitcoin Pizza Day: 15 Years Since 10,000 BTC Bought Two Pizzas and Changed Everything 

On May 22, 2010, Bitcoin became more than just an idea—it became real money. Laszlo Hanyecz, a developer and early contributor to Bitcoin’s codebase, posted a casual offer: “I’ll pay 10,000 bitcoins for a couple of pizzas.” Five days later, someone took him up on it. Two Papa John’s pizzas were delivered. A screenshot was posted. Bitcoin had entered the real world. 

15 years ago, Laszlo Hanyecz spent 10,000 #bitcoin worth $30 on two Papa John's pizzas.

Today, 10,000 $BTC is worth over $1,100,000,000.

What a legend! pic.twitter.com/EbxQAsixhZ

— Bitcoin Magazine (@BitcoinMagazine) May 22, 2025

That 10,000 Bitcoin, worth about $41 at the time, is now valued at over $1.1 billion. And with Bitcoin hitting a new all-time high of $111,999 on the 15th anniversary of the transaction, the story of the “Bitcoin Pizza” carries more weight than ever.

@realbitcoinmagazine

15 years ago, someone paid 10,000 #Bitcoin for 2 pizzas. That’s worth over $1,000,000,000 today!

♬ original sound – Bitcoin Magazine

It wasn’t just about the pizza. This was the moment Bitcoin proved itself as a functioning currency. Until then, it had lived mostly in theory and code—talked about by cryptographers and mined by hobbyists. Hanyecz’s post, and the trade that followed, transformed the idea into action. “This transaction made Bitcoin real in my eyes,” he said in a 2019 interview. “It wasn’t worth much at the time. I wouldn’t have spent $100 million on pizza, right? But if I hadn’t done that, maybe Bitcoin wouldn’t have become so popular.” 

Over the summer of 2010, Hanyecz continued using Bitcoin to buy pizzas, eventually spending more than 79,000 BTC—now worth nearly $8.7 billion. While some have joked at his expense, the truth is this: without those early real-world transactions, Bitcoin might never have proven its use case. Hanyecz helped move Bitcoin from the fringe into functionality.

That legacy still shapes us today. Bitcoin Pizza Day has become a cultural milestone in the crypto world, with meetups, pizza parties, and educational events held globally each May 22. The day serves as a reminder of how far the technology has come—and the importance of everyday actions and the impact they have. 

Smiles, joy, and shared moments, this is what today looked like.#Bitcoin Pizza Day at His Grace School was more than a visit. It was connection, care, and community. A heartfelt thank you to everyone who donated and supported #BitcoinGhana #BitcoinPizzaDay #BTC #Bitfiasi pic.twitter.com/xRMv1rpife

— Bitfiasi Initiative (@bitfiasi) May 22, 2025

Just this week, fast food chain Steak ‘n Shake began accepting Bitcoin via the Lightning Network, signaling a growing wave of mainstream adoption. What once felt experimental is now becoming part of everyday commerce. 

Bitcoin Pizza Day is about recognition. One simple transaction proved that Bitcoin could work—and 15 years later, the world is still building on that first bite. 

This post Bitcoin Pizza Day: 15 Years Since 10,000 BTC Bought Two Pizzas and Changed Everything  first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 502ab02a:a2860397

แหม่ 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

@ a5142938:0ef19da3

Content coming soon.

Learn more on Wikipedia

@ cae03c48:2a7d6671

Bitcoin Magazine

The Citadel (v. Nardo): From Meme to Monument

My latest painting, The Citadel (v. Nardo), did not begin simply on canvas. It began as a whisper – an image passed digitally between anonymous hands, reposted, remixed, archived, and mythologized across the internet. Like many of my works, this piece builds from historical fragments and symbols, grounded in the belief that memes are not fleeting – they are foundational. They don’t just reflect culture, rather, they write it.

Last year in 2024, I presented a solo show in Abu Dhabi centered around the fact that Subway – the sandwich chain – was one of the first fast food restaurants to accept Bitcoin. That small historical detail became the seed of a larger conceptual inquiry: what does it mean to “consume” in an age of hyper-speed information? The works explored the overlap between fast food, memes, and digital attention. The exhibition was tight, precise, and deeply memetic in its structure.

The Citadel came from a similar place.

In 2013, a now-legendary Reddit post titled “I am a time-traveler from the future, here to beg you to stop what you are doing” appeared online. The author – claiming to be from 2025 – warned of a future shaped by Bitcoin, but not in the way many had hoped. It wasn’t a utopia. It was a stratified society where those who adopted early became untouchably rich, and everyone else was left behind. Whether satire, fiction, or genuine warning, the post struck a nerve. It spread quickly. It became part of the cultural and memetic architecture of Bitcoin.

Years later, another anonymous user gave that warning a visual form. The Citadel v.1, likely created on 4chan, featured a massive tower cobbled together from borrowed imagery – most notably a background ripped from Alexander Mikhalchyk’s oil painting Tower of Babel. Red – overlaid with iconic internet figures like Pepe, Wojak, and the Bogdanoff twins. It was chaotic, funny, ominous. And it caught fire. Versions spread across forums. Variants emerged for Monero, Ethereum, and other Bitcoin-based class hierarchies. A whole mythology took shape around it.

I couldn’t stop thinking about that image. The symbolism. The verticality. The warning. It wasn’t just a meme – it was a map. A visual schema of power and belief, told in the language of the internet. And yet, it had never been physically painted. Never given the weight or permanence it deserved. That’s when I decided to create what I believe is the first fully hand-painted oil version of the Bitcoin Citadel meme.

The Citadel (v. Nardo) is 7 feet wide, 5 feet tall, and entirely rendered in oil by hand over six months. The tower in my painting is original – constructed from references to Bruegel’s depictions of Babel. The superimposed depictions of Pepe, the monk, the nobleman, even Jesus, are deliberate nods to the v.1 version, reimagined and integrated with painterly care. Nothing here is copy-pasted. Every inch is built to feel mythic, monumental, and true to the weight of the meme itself.

Like all my work, it’s meant to evoke grandeur, drama, and symbolic density. It’s meant to feel like a relic from a future past – something dug up from the ruins of digital civilization. My late professor once told me that the best art is both folkloric and provocative. That line never left me.

And that’s essentially what internet memes are. They are modern folklore. They encode belief, identity, warning, and aspiration in compressed symbols. They may start as jokes – but jokes have always been a delivery system for deeper truth. Memes don’t just survive online; they shape what we expect from reality.

The Citadel (v. Nardo) will be sold at auction via Scarce.City and debut at the Bitcoin Conference in Las Vegas – the largest gathering of Bitcoiners in the world. It’s not just a painting. It’s a response. A reckoning. A reminder.Because in the end, as I always say: you become what you meme.

This is a guest post by X-Nardo Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine_._

This post The Citadel (v. Nardo): From Meme to Monument first appeared on Bitcoin Magazine and is written by X-Nardo.

@ 52b4a076:e7fad8bd

Introduction

Me and Fishcake have been working on infrastructure for Noswhere and Nostr.build. Part of this involves processing a large amount of Nostr events for features such as search, analytics, and feeds.

I have been recently developing nosdex v3, a newer version of the Noswhere scraper that is designed for maximum performance and fault tolerance using FoundationDB (FDB).

Fishcake has been working on a processing system for Nostr events to use with NB, based off of Cloudflare (CF) Pipelines, which is a relatively new beta product. This evening, we put it all to the test.

First preparations

We set up a new CF Pipelines endpoint, and I implemented a basic importer that took data from the nosdex database. This was quite slow, as it did HTTP requests synchronously, but worked as a good smoke test.

Asynchronous indexing

I implemented a high-contention queue system designed for highly parallel indexing operations, built using FDB, that supports: - Fully customizable batch sizes - Per-index queues - Hundreds of parallel consumers - Automatic retry logic using lease expiration

When the scraper first gets an event, it will process it and eventually write it to the blob store and FDB. Each new event is appended to the event log.

On the indexing side, a Queuer will read the event log, and batch events (usually 2K-5K events) into one work job. This work job contains: - A range in the log to index - Which target this job is intended for - The size of the job and some other metadata

Each job has an associated leasing state, which is used to handle retries and prioritization, and ensure no duplication of work.

Several Workers monitor the index queue (up to 128) and wait for new jobs that are available to lease.

Once a suitable job is found, the worker acquires a lease on the job and reads the relevant events from FDB and the blob store.

Depending on the indexing type, the job will be processed in one of a number of ways, and then marked as completed or returned for retries.

In this case, the event is also forwarded to CF Pipelines.

Trying it out

The first attempt did not go well. I found a bug in the high-contention indexer that led to frequent transaction conflicts. This was easily solved by correcting an incorrectly set parameter.

We also found there were other issues in the indexer, such as an insufficient amount of threads, and a suspicious decrease in the speed of the Queuer during processing of queued jobs.

Along with fixing these issues, I also implemented other optimizations, such as deprioritizing Worker DB accesses, and increasing the batch size.

To fix the degraded Queuer performance, I ran the backfill job by itself, and then started indexing after it had completed.

Bottlenecks, bottlenecks everywhere

After implementing these fixes, there was an interesting problem: The DB couldn't go over 80K reads per second. I had encountered this limit during load testing for the scraper and other FDB benchmarks.

As I suspected, this was a client thread limitation, as one thread seemed to be using high amounts of CPU. To overcome this, I created a new client instance for each Worker.

After investigating, I discovered that the Go FoundationDB client cached the database connection. This meant all attempts to create separate DB connections ended up being useless.

Using OpenWithConnectionString partially resolved this issue. (This also had benefits for service-discovery based connection configuration.)

To be able to fully support multi-threading, I needed to enabled the FDB multi-client feature. Enabling it also allowed easier upgrades across DB versions, as FDB clients are incompatible across versions:

FDB_NETWORK_OPTION_EXTERNAL_CLIENT_LIBRARY="/lib/libfdb_c.so" FDB_NETWORK_OPTION_CLIENT_THREADS_PER_VERSION="16"

Breaking the 100K/s reads barrier

After implementing support for the multi-threaded client, we were able to get over 100K reads per second.

You may notice after the restart (gap) the performance dropped. This was caused by several bugs: 1. When creating the CF Pipelines endpoint, we did not specify a region. The automatically selected region was far away from the server. 2. The amount of shards were not sufficient, so we increased them. 3. The client overloaded a few HTTP/2 connections with too many requests.

I implemented a feature to assign each Worker its own HTTP client, fixing the 3rd issue. We also moved the entire storage region to West Europe to be closer to the servers.

After these changes, we were able to easily push over 200K reads/s, mostly limited by missing optimizations:

It's shards all the way down

While testing, we also noticed another issue: At certain times, a pipeline would get overloaded, stalling requests for seconds at a time. This prevented all forward progress on the Workers.

We solved this by having multiple pipelines: A primary pipeline meant to be for standard load, with moderate batching duration and less shards, and high-throughput pipelines with more shards.

Each Worker is assigned a pipeline on startup, and if one pipeline stalls, other workers can continue making progress and saturate the DB.

The stress test

After making sure everything was ready for the import, we cleared all data, and started the import.

The entire import lasted 20 minutes between 01:44 UTC and 02:04 UTC, reaching a peak of: - 0.25M requests per second - 0.6M keys read per second - 140MB/s reads from DB - 2Gbps of network throughput

FoundationDB ran smoothly during this test, with: - Read times under 2ms - Zero conflicting transactions - No overloaded servers

CF Pipelines held up well, delivering batches to R2 without any issues, while reaching its maximum possible throughput.

Finishing notes

Me and Fishcake have been building infrastructure around scaling Nostr, from media, to relays, to content indexing. We consistently work on improving scalability, resiliency and stability, even outside these posts.

Many things, including what you see here, are already a part of Nostr.build, Noswhere and NFDB, and many other changes are being implemented every day.

If you like what you are seeing, and want to integrate it, get in touch. :)

If you want to support our work, you can zap this post, or register for nostr.land and nostr.build today.

@ 25f5c1c7:e956c514

I'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

1. A new block is added to the chain.

2. All miners start computing a VDF (Verifiable Delay Function) with the latest block's hash as the input.

3. The VDF is designed to take 4 minutes to complete, enforcing a mandatory idle period.

4. The \~1 minute mining period begins when miners complete the VDF.

5. - Miners compete to find a valid PoW for a new block, which includes the VDF output in the header.

6. The first miner to find a valid hash broadcasts the new block to the network.

7. 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.

8. 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.

@ 1817b617:715fb372

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 Race/Finney-style blockchain simulation, our technology generates coins that are virtually indistinguishable from real, fully confirmed blockchain transactions. Transactions stay live and spendable from 60 up to 360 days!

 Explore all the details at cryptoflashingtool.com.

 Why Trust Our Crypto Flashing System? Whether you’re a blockchain enthusiast, ethical hacker, security expert, or digital entrepreneur, our solution offers a perfect mix of authenticity, speed, and flexibility.

 Top Features You’ll Love: 

 Instant Blockchain Simulation: Transactions are complete with valid wallet addresses, transaction IDs, and real confirmations.

 Privacy First: Works flawlessly with VPNs, TOR, and proxies to keep you fully anonymous.

 User-Friendly Software: Built for Windows, beginner and pro-friendly with simple step-by-step guidance.

 Flexible Flash Durations: Choose how long coins stay valid — from 60 to 360 days.

 Full Wallet Compatibility: Instantly flash coins to SegWit, Legacy, or BCH32 wallets with ease.

 Exchange-Ready: Spend your flashed coins on leading exchanges like Kraken and Huobi.

 Proven Results: 

 Over 79 billion flash transactions completed. 

 3000+ satisfied users around the globe. 

 42 active blockchain nodes ensuring fast, seamless performance.

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: Input Transaction Info

• Pick your coin (BTC, ETH, USDT: TRC-20, ERC-20, BEP-20).
• Set amount and flash duration.
• Enter the recipient wallet (auto-validated).

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: Make Payment

• Pay in your selected crypto.
• Scan the QR code or use the provided address.
• Upload your transaction proof (hash and screenshot).

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: Launch the Flash

• Blockchain confirmation simulation happens instantly.
• Your transaction appears real within seconds.

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• Access your flashed coins immediately.
• Verify your transactions using blockchain explorers.

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 FAQs:

• Is flashing secure? 

 Yes, fully encrypted with VPN/proxy compatibility. - Multiple devices? 

 Yes, up to 5 Windows PCs per license. - Chargebacks possible? 

 No, flashing is irreversible. - Spendability? 

 Flash coins stay spendable 60–360 days. - Verification after expiry? 

 No, transactions expire after the set time. - Support? 

 24/7 Telegram and WhatsApp help available.

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