@ c066aac5:6a41a034

I’m drawn to extremities in art. The louder, the bolder, the more outrageous, the better. Bold art takes me out of the mundane into a whole new world where anything and everything is possible. Having grown up in the safety of the suburban midwest, I was a bit of a rebellious soul in search of the satiation that only came from the consumption of the outrageous. My inclination to find bold art draws me to NOSTR, because I believe NOSTR can be the place where the next generation of artistic pioneers go to express themselves. I also believe that as much as we are able, were should invite them to come create here.

My Background: A Small Side Story

My father was a professional gamer in the 80s, back when there was no money or glory in the avocation. He did get a bit of spotlight though after the fact: in the mid 2000’s there were a few parties making documentaries about that era of gaming as well as current arcade events (namely 2007’sChasing GhostsandThe King of Kong: A Fistful of Quarters). As a result of these documentaries, there was a revival in the arcade gaming scene. My family attended events related to the documentaries or arcade gaming and I became exposed to a lot of things I wouldn’t have been able to find. The producer ofThe King of Kong: A Fistful of Quarters had previously made a documentary calledNew York Dollwhich was centered around the life of bassist Arthur Kane. My 12 year old mind was blown: The New York Dolls were a glam-punk sensation dressed in drag. The music was from another planet. Johnny Thunders’ guitar playing was like Chuck Berry with more distortion and less filter. Later on I got to meet the Galaga record holder at the time, Phil Day, in Ottumwa Iowa. Phil is an Australian man of high intellect and good taste. He exposed me to great creators such as Nick Cave & The Bad Seeds, Shakespeare, Lou Reed, artists who created things that I had previously found inconceivable.

I believe this time period informed my current tastes and interests, but regrettably I think it also put coals on the fire of rebellion within. I stopped taking my parents and siblings seriously, the Christian faith of my family (which I now hold dearly to) seemed like a mundane sham, and I felt I couldn’t fit in with most people because of my avant-garde tastes. So I write this with the caveat that there should be a way to encourage these tastes in children without letting them walk down the wrong path. There is nothing inherently wrong with bold art, but I’d advise parents to carefully find ways to cultivate their children’s tastes without completely shutting them down and pushing them away as a result. My parents were very loving and patient during this time; I thank God for that.

With that out of the way, lets dive in to some bold artists:

Nicolas Cage: Actor

There is an excellent video by Wisecrack on Nicolas Cage that explains him better than I will, which I will linkhere. Nicolas Cage rejects the idea that good acting is tied to mere realism; all of his larger than life acting decisions are deliberate choices. When that clicked for me, I immediately realized the man is a genius. He borrows from Kabuki and German Expressionism, art forms that rely on exaggeration to get the message across. He has even created his own acting style, which he calls Nouveau Shamanic. He augments his imagination to go from acting to being. Rather than using the old hat of method acting, he transports himself to a new world mentally. The projects he chooses to partake in are based on his own interests or what he considers would be a challenge (making a bad script good for example). Thus it doesn’t matter how the end result comes out; he has already achieved his goal as an artist. Because of this and because certain directors don’t know how to use his talents, he has a noticeable amount of duds in his filmography. Dig around the duds, you’ll find some pure gold. I’d personally recommend the filmsPig, Joe, Renfield, and his Christmas film The Family Man.

Nick Cave: Songwriter

What a wild career this man has had! From the apocalyptic mayhem of his band The Birthday Party to the pensive atmosphere of his albumGhosteen, it seems like Nick Cave has tried everything. I think his secret sauce is that he’s always working. He maintains an excellent newsletter calledThe Red Hand Files, he has written screenplays such asLawless, he has written books, he has made great film scores such asThe Assassination of Jesse James by the Coward Robert Ford, the man is religiously prolific. I believe that one of the reasons he is prolific is that he’s not afraid to experiment. If he has an idea, he follows it through to completion. From the albumMurder Ballads(which is comprised of what the title suggests) to his rejected sequel toGladiator(Gladiator: Christ Killer), he doesn’t seem to be afraid to take anything on. This has led to some over the top works as well as some deeply personal works. Albums likeSkeleton TreeandGhosteenwere journeys through the grief of his son’s death. The Boatman’s Callis arguably a better break-up album than anything Taylor Swift has put out. He’s not afraid to be outrageous, he’s not afraid to offend, but most importantly he’s not afraid to be himself. Works I’d recommend include The Birthday Party’sLive 1981-82, Nick Cave & The Bad Seeds’The Boatman’s Call, and the filmLawless.

Jim Jarmusch: Director

I consider Jim’s films to be bold almost in an ironic sense: his works are bold in that they are, for the most part, anti-sensational. He has a rule that if his screenplays are criticized for a lack of action, he makes them even less eventful. Even with sensational settings his films feel very close to reality, and they demonstrate the beauty of everyday life. That's what is bold about his art to me: making the sensational grounded in reality while making everyday reality all the more special. Ghost Dog: The Way of the Samurai is about a modern-day African-American hitman who strictly follows the rules of the ancient Samurai, yet one can resonate with the humanity of a seemingly absurd character. Only Lovers Left Aliveis a vampire love story, but in the middle of a vampire romance one can see their their own relationships in a new deeply human light. Jim’s work reminds me that art reflects life, and that there is sacred beauty in seemingly mundane everyday life. I personally recommend his filmsPaterson,Down by Law, andCoffee and Cigarettes.

NOSTR: We Need Bold Art

NOSTR is in my opinion a path to a better future. In a world creeping slowly towards everything apps, I hope that the protocol where the individual owns their data wins over everything else. I love freedom and sovereignty. If NOSTR is going to win the race of everything apps, we need more than Bitcoin content. We need more than shirtless bros paying for bananas in foreign countries and exercising with girls who have seductive accents. Common people cannot see themselves in such a world. NOSTR needs to catch the attention of everyday people. I don’t believe that this can be accomplished merely by introducing more broadly relevant content; people are searching for content that speaks to them. I believe that NOSTR can and should attract artists of all kinds because NOSTR is one of the few places on the internet where artists can express themselves fearlessly. Getting zaps from NOSTR’s value-for-value ecosystem has far less friction than crowdfunding a creative project or pitching investors that will irreversibly modify an artist’s vision. Having a place where one can post their works without fear of censorship should be extremely enticing. Having a place where one can connect with fellow humans directly as opposed to a sea of bots should seem like the obvious solution. If NOSTR can become a safe haven for artists to express themselves and spread their work, I believe that everyday people will follow. The banker whose stressful job weighs on them will suddenly find joy with an original meme made by a great visual comedian. The programmer for a healthcare company who is drowning in hopeless mundanity could suddenly find a new lust for life by hearing the song of a musician who isn’t afraid to crowdfund their their next project by putting their lighting address on the streets of the internet. The excel guru who loves independent film may find that NOSTR is the best way to support non corporate movies. My closing statement: continue to encourage the artists in your life as I’m sure you have been, but while you’re at it give them the purple pill. You may very well be a part of building a better future.

@ c9badfea:610f861a

Before you post a message or article online, let the LLM check if you are leaking any personal information using this prompt:

Analyze the following text to identify any Personally Identifiable Information (PII): <Your Message>

Replace <Your Message> with your text

If no PII is found, continue by modifying your message to detach it from your personality. You can use any of the following prompts (and further modify it if necessary).

Prompt № 1 - Reddit-Style

Convert the message into a casual, Reddit-style post without losing meaning. Split the message into shorter statements with the same overall meaning. Here is the message: <Your Message>

Prompt № 2 - Advanced Modifications

``` Apply the following modifications to the message: - Rewrite it in lowercase - Use "u" instead of "you" - Use "akchoaly" instead of "actually" - Use "hav" instead of "have" - Use "tgat" instead of "that" - Use comma instead of period - Use British English grammar

Here is the message: ```

Prompt № 3 - Neutral Tone

Rewrite the message to correct grammar errors, and ensure the tone is neutral and free of emotional language: <Your Message>

Prompt № 4 - Cross Translation Technique

Translate the message into Chinese, then translate the resulting Chinese text back into English. Provide only the final English translation. Here is the message: <Your Message>

Check the modified message and send it.

ℹ️ You can use dialects to obfuscate your language further. For example, if you are from the US, you can tell the LLM to use British grammar and vice versa.

⚠️ Always verify the results. Don't fully trust an LLM.

@ 8bf578f4:b6303c41

test

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test svg

@ 5ea46480:450da5bd

Decentralization refers to control/power, and relates to censorship resistance. That is it, it is not more complicated then that. Resilience is a function of redundancy; a centralized censored system can have a redundant set-up and therefor be resilient.

Take Bitcoin; the blockchain is a central database, it is resilient because it has many redundant copies among a lot of different nodes. The message (txs and blocks) propagation is decentralized due to existence of a p2p network among these nodes, making the data distribution censorship resistant (hello op_return debate). But onchain transactions themselves are NOT p2p, they require a middlemen (a miner) because it is a central database, as opposed to something like lightning which is p2p. Peer to Peer says something about relative architectural hierarchical position/relation. P2P provides censorship resistance because it entails equal power relations, provided becoming a peer is permissionless. What makes onchain transactions censorship resistant is that mining is permissionless, and involves this open power struggle/game where competition results in a power distribution among players, meaning (hopefully) decentralization. The fact users rely on these middlemen is mitigated by this decentralization on the one hand, and temper-proofing via cryptographic signatures on the other, resulting in what we call trustlessness (or trust minimization for the autists in the room); we only rely on a miner to perform a job (including your tx into a block), but we don’t trust the miner to perform the job correctly, this we can verify ourselves.

This leads us to Nostr, because that last part is exactly what Nostr does as well. It uses cryptography to get tamper-proof messaging, which then allows you to use middle-men in a trust minimized way. The result is decentralization because in general terms, any middle man is as good as any other (same as with miners), and becoming such a middleman is permissionless(somewhat, mostly); which in turn leads to censorship resistance. It also allows for resilience because you are free to make things as redundant as you'd like.

Ergo, the crux is putting the cryptography central, making it the starting point of the system; decentralization then becomes an option due to trust minimization. The difference between Bitcoin an Nostr, is that Bitcoin maintains a global state/central ledger and needs this PoW/Nakamoto consensus fanfare; Nostr rests itself with local perspectives on 'the network'.

The problem with the Fediverse, is that it does not provide trust minimization in relation to the middlemen. Sure, there are a lot different servers, but you rely on a particular one (and the idea you could switch never really seemed to have materialized in a meaningful way). It also fails in permisionlessness because you rely on the association between servers, i.e. federation, to have meaningful access to the rest of the network. In other words, it is more a requirement of association than freedom of association; you have the freedom to be excommunicated.

The problem with ATproto is that is basically does not solve this dynamic; it only complicates it by pulling apart the components; identity and data, distribution and perspective are now separated, and supposedly you don’t rely on any particular one of these sub-component providers in the stack; but you do rely on all these different sub-component providers in the stack to play nice with each other. And this ‘playing nice’ is just the same old ‘requirement of association’ and ‘freedom of excommunication’ that looms at the horizon.

Yes, splitting up the responsibilities of identity, hosting and indexing is what is required to safe us from the platform hellscape which at this stage takes care of all three. But as it turns out, it was not a matter cutting those up into various (on paper) interchangeable middlemen. All that is required is putting cryptographic keys in the hands of the user; the tamperproofing takes care of the rest, simply by trust minimizing the middlemen we use. All the sudden it does not matter which middlemen we use, and no one is required to play nice; we lost the requirement of association, and gained freedom of association, which was the purpose of censorship resistance and therefor decentralization, to begin with.

@ 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.

@ 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.

@ 9bcc5462:eb501d90

The story you are about to read is one hundred percent true. It is also my first encounter with a supernatural force. 

It was the summer of 2003 and I was visiting my auntie in Nashville as a 16-year-old, pimply-faced teenager. My younger cousins, Alex, Mikey, and Tony were also there. One afternoon, they were all sitting bored outside in the blazing heat, sheltered under the tree on the front lawn. It was a comical sight really, all of them sprawled out lifeless and silent, eaten alive by the unforgiving mosquitos. I ducked inside and asked my aunt if it was okay to borrow her RAV4 to take them to play basketball nearby at Pitts Park. Despite not having a license she handed me the keys and when I went outside to tell the boys we were going to shoot hoops, you’d have thought I said I was taking them to Disney World!

Off we went up and down the rollercoaster-like hills of Tennessee. Yes, I was speeding, and no, we were not wearing seatbelts. (Remember, sixteen, acne, angst, etc.) We arrived at the park and immediately I felt an eerie sensation. I had been there before with my other cousin Kim, but this time was undeniably different. It didn’t matter that the sun was shining above the bright blue sky, I sensed a darkness lingering. And it had nothing to do with the sticky Southern humidity. It was an overwhelming, odd, ineffable sensation. My eyes couldn’t help but focus on the trees behind the court. As if someone or something was watching us.

Nevertheless, after shooting for teams, we began a 2-on-2 immediately. When Mikey and I won, (I towered over them and Mikey was surprisingly pretty good) Tony wasn’t too happy about losing. In frustration, he bounced the basketball with both hands as hard as he could. The ball ended up on the other side of the fences surrounding the court and rolled into the bordering woods. None of the little squirts wanted to retrieve the ball, so as the big cuz I volunteered myself. Nothing to it right? Wrong!

As I walked towards the woods I couldn’t even locate the basketball. I stopped and scanned until I finally saw it, way deep among the trees. “How did it get all the way over there?” I mumbled beneath my breath. Then, while approaching the ball I heard a loud and distinct voice—“Hey!”—I turned around suddenly, but nothing was there. At first I wasn’t afraid, rather I was genuinely confused. It just made no damn sense, there was no one around. I swiveled my head in every direction and once again the deep, gravelly voice called out, “Hey!” This time I knew where it was coming from and crept towards the source until I spotted something in the bushes. I crouched and pushed some branches aside. And that’s when I noticed it. Buried under the shrubs was a tombstone! It stared back at me, weathered, cracked, moss-eaten. I picked my ass up, ran to the ball, scooped it and bolted back to the court.

Little Alex asked if we were going to play a rematch; I said, “Hell no”. After herding them back to the car, we left and never looked back. To this day I remember the voice. I recall the inexplicable feeling of the unknown energy, force, or spirit that was with us. I only recently shared this story with him and now, at 27, he asked why I didn’t tell him sooner. I thought hard about it and answered, “I guess I didn’t want you to get scared and piss yourself.”

@ eb0157af:77ab6c55

Governor Abbott will have to decide whether to sign the bill establishing a bitcoin reserve for the state.

Texas could become the third U.S. state to set up a strategic bitcoin reserve, following the approval of Senate Bill 21 by the state House, with 101 votes in favor and 42 against.

Lee Bratcher, founder and president of the Texas Blockchain Council, expressed confidence that Governor Greg Abbott will sign the legislative measure. In an interview with The Block, Bratcher said:

“I’ve talked to the governor about this personally, and I think he wants to see Texas lead in this way.”

The bill is expected to reach the governor’s desk within a week or two, according to Bratcher’s projections. If signed, Texas would follow in the footsteps of New Hampshire and Arizona in creating a state-held bitcoin reserve.

Despite Texas ranking as the world’s eighth-largest economy — ahead of many nations — the initial approach to the reserve will be cautious. Bratcher estimates the starting investment will be in the “tens of millions of dollars,” an amount he describes as “modest” for an economy the size of Texas. The responsibility for operational decisions would fall to the state comptroller, who acts as an executive accountant in charge of managing and investing public funds.

“My sense is that it will be in the tens of millions of dollars, which, while it sounds significant, is a very modest amount, for a state the size of Texas.” explained the president of the Texas Blockchain Council.

The road to approval

According to Bratcher, the idea of creating a state bitcoin reserve dates back to 2022 and represents the culmination of years of work by the Texas Blockchain Council. The organization has worked closely with lawmakers who shared the vision of seeing the state accumulate the world’s leading cryptocurrency. Additionally, Texas has long been home to numerous bitcoin mining companies.

The post Texas one step away from a bitcoin reserve: only the governor’s signature is missing appeared first on Atlas21.

@ b83a28b7:35919450

This article was originally part of the sermon of Plebchain Radio Episode 110 (May 2, 2025) that nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpqtvqc82mv8cezhax5r34n4muc2c4pgjz8kaye2smj032nngg52clq7fgefr and I did with nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7ct4w35zumn0wd68yvfwvdhk6tcqyzx4h2fv3n9r6hrnjtcrjw43t0g0cmmrgvjmg525rc8hexkxc0kd2rhtk62 and nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpq4wxtsrj7g2jugh70pfkzjln43vgn4p7655pgky9j9w9d75u465pqahkzd0 of the nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyqwfvwrccp4j2xsuuvkwg0y6a20637t6f4cc5zzjkx030dkztt7t5hydajn

Listen to the full episode here:

<https://fountain.fm/episode/Ln9Ej0zCZ5dEwfo8w2Ho>

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Bitcoin has always been a narrative revolution disguised as code. White paper, cypherpunk lore, pizza‑day legends - every block is a paragraph in the world’s most relentless epic. But code alone rarely converts the skeptic; it’s the camp‑fire myth that slips past the prefrontal cortex and shakes hands with the limbic system. People don’t adopt protocols first - they fall in love with protagonists.

Early adopters heard the white‑paper hymn, but most folks need characters first: a pizza‑day dreamer; a mother in a small country, crushed by the cost of remittance; a Warsaw street vendor swapping złoty for sats. When their arcs land, the brain releases a neurochemical OP_RETURN which says, “I belong in this plot.” That’s the sly roundabout orange pill: conviction smuggled inside catharsis.

That’s why, from 22–25 May in Warsaw’s Kinoteka, the Bitcoin Film Fest is loading its reels with rebellion. Each documentary, drama, and animated rabbit‑hole is a stealth wallet, zipping conviction straight into the feels of anyone still clasped within the cold claw of fiat. You come for the plot, you leave checking block heights.

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Here's the clip of the sermon from the episode:

nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqqsy43fwz8es2wnn65rh0udc05tumdnx5xagvzd88ptncspmesdqhygcrvpf2

@ 04c915da:3dfbecc9

Capitalism is the most effective system for scaling innovation. The pursuit of profit is an incredibly powerful human incentive. Most major improvements to human society and quality of life have resulted from this base incentive. Market competition often results in the best outcomes for all.

That said, some projects can never be monetized. They are open in nature and a business model would centralize control. Open protocols like bitcoin and nostr are not owned by anyone and if they were it would destroy the key value propositions they provide. No single entity can or should control their use. Anyone can build on them without permission.

As a result, open protocols must depend on donation based grant funding from the people and organizations that rely on them. This model works but it is slow and uncertain, a grind where sustainability is never fully reached but rather constantly sought. As someone who has been incredibly active in the open source grant funding space, I do not think people truly appreciate how difficult it is to raise charitable money and deploy it efficiently.

Projects that can be monetized should be. Profitability is a super power. When a business can generate revenue, it taps into a self sustaining cycle. Profit fuels growth and development while providing projects independence and agency. This flywheel effect is why companies like Google, Amazon, and Apple have scaled to global dominance. The profit incentive aligns human effort with efficiency. Businesses must innovate, cut waste, and deliver value to survive.

Contrast this with non monetized projects. Without profit, they lean on external support, which can dry up or shift with donor priorities. A profit driven model, on the other hand, is inherently leaner and more adaptable. It is not charity but survival. When survival is tied to delivering what people want, scale follows naturally.

The real magic happens when profitable, sustainable businesses are built on top of open protocols and software. Consider the many startups building on open source software stacks, such as Start9, Mempool, and Primal, offering premium services on top of the open source software they build out and maintain. Think of companies like Block or Strike, which leverage bitcoin’s open protocol to offer their services on top. These businesses amplify the open software and protocols they build on, driving adoption and improvement at a pace donations alone could never match.

When you combine open software and protocols with profit driven business the result are lean, sustainable companies that grow faster and serve more people than either could alone. Bitcoin’s network, for instance, benefits from businesses that profit off its existence, while nostr will expand as developers monetize apps built on the protocol.

Capitalism scales best because competition results in efficiency. Donation funded protocols and software lay the groundwork, while market driven businesses build on top. The profit incentive acts as a filter, ensuring resources flow to what works, while open systems keep the playing field accessible, empowering users and builders. Together, they create a flywheel of innovation, growth, and global benefit.

@ 04c915da:3dfbecc9

In much of the world, it is incredibly difficult to access U.S. dollars. Local currencies are often poorly managed and riddled with corruption. Billions of people demand a more reliable alternative. While the dollar has its own issues of corruption and mismanagement, it is widely regarded as superior to the fiat currencies it competes with globally. As a result, Tether has found massive success providing low cost, low friction access to dollars. Tether claims 400 million total users, is on track to add 200 million more this year, processes 8.1 million transactions daily, and facilitates $29 billion in daily transfers. Furthermore, their estimates suggest nearly 40% of users rely on it as a savings tool rather than just a transactional currency.

Tether’s rise has made the company a financial juggernaut. Last year alone, Tether raked in over $13 billion in profit, with a lean team of less than 100 employees. Their business model is elegantly simple: hold U.S. Treasuries and collect the interest. With over $113 billion in Treasuries, Tether has turned a straightforward concept into a profit machine.

Tether’s success has resulted in many competitors eager to claim a piece of the pie. This has triggered a massive venture capital grift cycle in USD tokens, with countless projects vying to dethrone Tether. Due to Tether’s entrenched network effect, these challengers face an uphill battle with little realistic chance of success. Most educated participants in the space likely recognize this reality but seem content to perpetuate the grift, hoping to cash out by dumping their equity positions on unsuspecting buyers before they realize the reality of the situation.

Historically, Tether’s greatest vulnerability has been U.S. government intervention. For over a decade, the company operated offshore with few allies in the U.S. establishment, making it a major target for regulatory action. That dynamic has shifted recently and Tether has seized the opportunity. By actively courting U.S. government support, Tether has fortified their position. This strategic move will likely cement their status as the dominant USD token for years to come.

While undeniably a great tool for the millions of users that rely on it, Tether is not without flaws. As a centralized, trusted third party, it holds the power to freeze or seize funds at its discretion. Corporate mismanagement or deliberate malpractice could also lead to massive losses at scale. In their goal of mitigating regulatory risk, Tether has deepened ties with law enforcement, mirroring some of the concerns of potential central bank digital currencies. In practice, Tether operates as a corporate CBDC alternative, collaborating with authorities to surveil and seize funds. The company proudly touts partnerships with leading surveillance firms and its own data reveals cooperation in over 1,000 law enforcement cases, with more than $2.5 billion in funds frozen.

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The global demand for Tether is undeniable and the company’s profitability reflects its unrivaled success. Tether is owned and operated by bitcoiners and will likely continue to push forward strategic goals that help the movement as a whole. Recent efforts to mitigate the threat of U.S. government enforcement will likely solidify their network effect and stifle meaningful adoption of rival USD tokens or CBDCs. Yet, for all their achievements, Tether is simply a worse form of money than bitcoin. Tether requires trust in a centralized entity, while bitcoin can be saved or spent without permission. Furthermore, Tether is tied to the value of the US Dollar which is designed to lose purchasing power over time, while bitcoin, as a truly scarce asset, is designed to increase in purchasing power with adoption. As people awaken to the risks of Tether’s control, and the benefits bitcoin provides, bitcoin adoption will likely surpass it.

@ eb0157af:77ab6c55

Bitcoin surpasses gold in the United States: 50 million holders and a dominant role in the global market.

According to a new report by River, for the first time in history, the number of Americans owning bitcoin has surpassed that of gold holders. The analysis reveals that approximately 50 million U.S. citizens currently own the cryptocurrency, while gold owners number 37 million. In fact, 14.3% of Americans own bitcoin, the highest percentage of holders worldwide.

Source: River

The report highlights that 40% of all Bitcoin-focused companies are based in the United States, consolidating America’s dominant position in the sector. Additionally, 40.5% of Bitcoin holders are men aged 31 to 35, followed by 35.9% of men aged 41 to 45. In contrast, only 13.4% of holders are women.

Source: River

Notably, U.S. companies hold 94.8% of all bitcoins owned by publicly traded companies worldwide. According to the report, recent regulatory changes in the U.S. have made the asset more accessible through financial products such as spot ETFs.

The document also shows that American investors increasingly view the cryptocurrency as protection against fiscal instability and inflation, appreciating its limited supply and decentralized governance model.

For River, Bitcoin offers significant practical advantages over gold in the modern digital era. Its ease of custody, cross-border transfer, and liquidity make the cryptocurrency an attractive option for both individual and institutional investors, the report suggests.

The post USA: 50 million Americans own bitcoin appeared first on Atlas21.

@ 04c915da:3dfbecc9

One of the most common criticisms leveled against nostr is the perceived lack of assurance when it comes to data storage. Critics argue that without a centralized authority guaranteeing that all data is preserved, important information will be lost. They also claim that running a relay will become prohibitively expensive. While there is truth to these concerns, they miss the mark. The genius of nostr lies in its flexibility, resilience, and the way it harnesses human incentives to ensure data availability in practice.

A nostr relay is simply a server that holds cryptographically verifiable signed data and makes it available to others. Relays are simple, flexible, open, and require no permission to run. Critics are right that operating a relay attempting to store all nostr data will be costly. What they miss is that most will not run all encompassing archive relays. Nostr does not rely on massive archive relays. Instead, anyone can run a relay and choose to store whatever subset of data they want. This keeps costs low and operations flexible, making relay operation accessible to all sorts of individuals and entities with varying use cases.

Critics are correct that there is no ironclad guarantee that every piece of data will always be available. Unlike bitcoin where data permanence is baked into the system at a steep cost, nostr does not promise that every random note or meme will be preserved forever. That said, in practice, any data perceived as valuable by someone will likely be stored and distributed by multiple entities. If something matters to someone, they will keep a signed copy.

Nostr is the Streisand Effect in protocol form. The Streisand effect is when an attempt to suppress information backfires, causing it to spread even further. With nostr, anyone can broadcast signed data, anyone can store it, and anyone can distribute it. Try to censor something important? Good luck. The moment it catches attention, it will be stored on relays across the globe, copied, and shared by those who find it worth keeping. Data deemed important will be replicated across servers by individuals acting in their own interest.

Nostr’s distributed nature ensures that the system does not rely on a single point of failure or a corporate overlord. Instead, it leans on the collective will of its users. The result is a network where costs stay manageable, participation is open to all, and valuable verifiable data is stored and distributed forever.

@ 21335073:a244b1ad

Someone asked for my thoughts, so I’ll share them thoughtfully. I’m not here to dictate how to promote Nostr—I’m still learning about it myself. While I’m not new to Nostr, freedom tech is a newer space for me. I’m skilled at advocating for topics I deeply understand, but freedom tech isn’t my expertise, so take my words with a grain of salt. Nothing I say is set in stone.

Those who need Nostr the most are the ones most vulnerable to censorship on other platforms right now. Reaching them requires real-time awareness of global issues and the dynamic relationships between governments and tech providers, which can shift suddenly. Effective Nostr promoters must grasp this and adapt quickly.

The best messengers are people from or closely tied to these at-risk regions—those who truly understand the local political and cultural dynamics. They can connect with those in need when tensions rise. Ideal promoters are rational, trustworthy, passionate about Nostr, but above all, dedicated to amplifying people’s voices when it matters most.

Forget influencers, corporate-backed figures, or traditional online PR—it comes off as inauthentic, corny, desperate and forced. Nostr’s promotion should be grassroots and organic, driven by a few passionate individuals who believe in Nostr and the communities they serve.

The idea that “people won’t join Nostr due to lack of reach” is nonsense. Everyone knows X’s “reach” is mostly with bots. If humans want real conversations, Nostr is the place. X is great for propaganda, but Nostr is for the authentic voices of the people.

Those spreading Nostr must be so passionate they’re willing to onboard others, which is time-consuming but rewarding for the right person. They’ll need to make Nostr and onboarding a core part of who they are. I see no issue with that level of dedication. I’ve been known to get that way myself at times. It’s fun for some folks.

With love, I suggest not adding Bitcoin promotion with Nostr outreach. Zaps already integrate that element naturally. (Still promote within the Bitcoin ecosystem, but this is about reaching vulnerable voices who needed Nostr yesterday.)

To promote Nostr, forget conventional strategies. “Influencers” aren’t the answer. “Influencers” are not the future. A trusted local community member has real influence—reach them. Connect with people seeking Nostr’s benefits but lacking the technical language to express it. This means some in the Nostr community might need to step outside of the Bitcoin bubble, which is uncomfortable but necessary. Thank you in advance to those who are willing to do that.

I don’t know who is paid to promote Nostr, if anyone. This piece isn’t shade. But it’s exhausting to see innocent voices globally silenced on corporate platforms like X while Nostr exists. Last night, I wondered: how many more voices must be censored before the Nostr community gets uncomfortable and thinks creatively to reach the vulnerable?

A warning: the global need for censorship-resistant social media is undeniable. If Nostr doesn’t make itself known, something else will fill that void. Let’s start this conversation.

@ 21335073:a244b1ad

Please respect Virginia Giuffre’s memory by refraining from asking about the circumstances or theories surrounding her passing.

Since Virginia Giuffre’s death, I’ve reflected on what she would want me to say or do. This piece is my attempt to honor her legacy.

When I first spoke with Virginia, I was struck by her unshakable hope. I had grown cynical after years in the anti-human trafficking movement, worn down by a broken system and a government that often seemed complicit. But Virginia’s passion, creativity, and belief that survivors could be heard reignited something in me. She reminded me of my younger, more hopeful self. Instead of warning her about the challenges ahead, I let her dream big, unburdened by my own disillusionment. That conversation changed me for the better, and following her lead led to meaningful progress.

Virginia was one of the bravest people I’ve ever known. As a survivor of Epstein, Maxwell, and their co-conspirators, she risked everything to speak out, taking on some of the world’s most powerful figures.

She loved when I said, “Epstein isn’t the only Epstein.” This wasn’t just about one man—it was a call to hold all abusers accountable and to ensure survivors find hope and healing.

The Epstein case often gets reduced to sensational details about the elite, but that misses the bigger picture. Yes, we should be holding all of the co-conspirators accountable, we must listen to the survivors’ stories. Their experiences reveal how predators exploit vulnerabilities, offering lessons to prevent future victims.

You’re not powerless in this fight. Educate yourself about trafficking and abuse—online and offline—and take steps to protect those around you. Supporting survivors starts with small, meaningful actions. Free online resources can guide you in being a safe, supportive presence.

When high-profile accusations arise, resist snap judgments. Instead of dismissing survivors as “crazy,” pause to consider the trauma they may be navigating. Speaking out or coping with abuse is never easy. You don’t have to believe every claim, but you can refrain from attacking accusers online.

Society also fails at providing aftercare for survivors. The government, often part of the problem, won’t solve this. It’s up to us. Prevention is critical, but when abuse occurs, step up for your loved ones and community. Protect the vulnerable. it’s a challenging but a rewarding journey.

If you’re contributing to Nostr, you’re helping build a censorship resistant platform where survivors can share their stories freely, no matter how powerful their abusers are. Their voices can endure here, offering strength and hope to others. This gives me great hope for the future.

Virginia Giuffre’s courage was a gift to the world. It was an honor to know and serve her. She will be deeply missed. My hope is that her story inspires others to take on the powerful.

@ 52b4a076:e7fad8bd

I have been recently building NFDB, a new relay DB. This post is meant as a short overview.

Regular relays have challenges

Current relay software have significant challenges, which I have experienced when hosting Nostr.land: - Scalability is only supported by adding full replicas, which does not scale to large relays. - Most relays use slow databases and are not optimized for large scale usage. - Search is near-impossible to implement on standard relays. - Privacy features such as NIP-42 are lacking. - Regular DB maintenance tasks on normal relays require extended downtime. - Fault-tolerance is implemented, if any, using a load balancer, which is limited. - Personalization and advanced filtering is not possible. - Local caching is not supported.

NFDB: A scalable database for large relays

NFDB is a new database meant for medium-large scale relays, built on FoundationDB that provides: - Near-unlimited scalability - Extended fault tolerance - Instant loading - Better search - Better personalization - and more.

Search

NFDB has extended search capabilities including: - Semantic search: Search for meaning, not words. - Interest-based search: Highlight content you care about. - Multi-faceted queries: Easily filter by topic, author group, keywords, and more at the same time. - Wide support for event kinds, including users, articles, etc.

Personalization

NFDB allows significant personalization: - Customized algorithms: Be your own algorithm. - Spam filtering: Filter content to your WoT, and use advanced spam filters. - Topic mutes: Mute topics, not keywords. - Media filtering: With Nostr.build, you will be able to filter NSFW and other content - Low data mode: Block notes that use high amounts of cellular data. - and more

Other

NFDB has support for many other features such as: - NIP-42: Protect your privacy with private drafts and DMs - Microrelays: Easily deploy your own personal microrelay - Containers: Dedicated, fast storage for discoverability events such as relay lists

Calcite: A local microrelay database

Calcite is a lightweight, local version of NFDB that is meant for microrelays and caching, meant for thousands of personal microrelays.

Calcite HA is an additional layer that allows live migration and relay failover in under 30 seconds, providing higher availability compared to current relays with greater simplicity. Calcite HA is enabled in all Calcite deployments.

For zero-downtime, NFDB is recommended.

Noswhere SmartCache

Relays are fixed in one location, but users can be anywhere.

Noswhere SmartCache is a CDN for relays that dynamically caches data on edge servers closest to you, allowing: - Multiple regions around the world - Improved throughput and performance - Faster loading times

routerd

routerd is a custom load-balancer optimized for Nostr relays, integrated with SmartCache.

routerd is specifically integrated with NFDB and Calcite HA to provide fast failover and high performance.

Ending notes

NFDB is planned to be deployed to Nostr.land in the coming weeks.

A lot more is to come. 👀️️️️️️

@ b7274d28:c99628cb

A few months ago, a nostrich was switching from iOS to Android and asked for suggestions for #Nostr apps to try out. nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424 offered the following as his response:

nostr:nevent1qvzqqqqqqypzq0mhp4ja8fmy48zuk5p6uy37vtk8tx9dqdwcxm32sy8nsaa8gkeyqydhwumn8ghj7un9d3shjtnwdaehgunsd3jkyuewvdhk6tcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszythwden5te0dehhxarj9emkjmn99uqzpwwts6n28eyvjpcwvu5akkwu85eg92dpvgw7cgmpe4czdadqvnv984rl0z

Yes. #Android users are fortunate to have some powerful Nostr apps and tools at our disposal that simply have no comparison over on the iOS side. However, a tool is only as good as the knowledge of the user, who must have an understanding of how best to wield it for maximum effect. This fact was immediately evidenced by replies to Derek asking, "What is the use case for Citrine?" and "This is the first time I'm hearing about Citrine and Pokey. Can you give me links for those?"

Well, consider this tutorial your Nostr starter-kit for Android. We'll go over installing and setting up Amber, Amethyst, Citrine, and Pokey, and as a bonus we'll be throwing in the Zapstore and Coinos to boot. We will assume no previous experience with any of the above, so if you already know all about one or more of these apps, you can feel free to skip that tutorial.

So many apps...

You may be wondering, "Why do I need so many apps to use Nostr?" That's perfectly valid, and the honest answer is, you don't. You can absolutely just install a Nostr client from the Play Store, have it generate your Nostr identity for you, and stick with the default relays already set up in that app. You don't even need to connect a wallet, if you don't want to. However, you won't experience all that Nostr has to offer if that is as far as you go, any more than you would experience all that Italian cuisine has to offer if you only ever try spaghetti.

Nostr is not just one app that does one thing, like Facebook, Twitter, or TikTok. It is an entire ecosystem of applications that are all built on top of a protocol that allows them to be interoperable. This set of tools will help you make the most out of that interoperability, which you will never get from any of the big-tech social platforms. It will provide a solid foundation for you to build upon as you explore more and more of what Nostr has to offer.

So what do these apps do?

Fundamental to everything you do on Nostr is the need to cryptographically sign with your private key. If you aren't sure what that means, just imagine that you had to enter your password every time you hit the "like" button on Facebook, or every time you commented on the latest dank meme. That would get old really fast, right? That's effectively what Nostr requires, but on steroids.

To keep this from being something you manually have to do every 5 seconds when you post a note, react to someone else's note, or add a comment, Nostr apps can store your private key and use it to sign behind the scenes for you. This is very convenient, but it means you are trusting that app to not do anything with your private key that you don't want it to. You are also trusting it to not leak your private key, because anyone who gets their hands on it will be able to post as you, see your private messages, and effectively be you on Nostr. The more apps you give your private key to, the greater your risk that it will eventually be compromised.

Enter #Amber, an application that will store your private key in only one app, and all other compatible Nostr apps can communicate with it to request a signature, without giving any of those other apps access to your private key.

Most Nostr apps for Android now support logging in and signing with Amber, and you can even use it to log into apps on other devices, such as some of the web apps you use on your PC. It's an incredible tool given to us by nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5, and only available for Android users. Those on iPhone are incredibly jealous that they don't have anything comparable, yet.

Speaking of nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5, the next app is also one of his making.

All Nostr data is stored on relays, which are very simple servers that Nostr apps read notes from and write notes to. In most forms of social media, it can be a pain to get your own data out to keep a backup. That's not the case on Nostr. Anyone can run their own relay, either for the sake of backing up their personal notes, or for others to post their notes to, as well.

Since Nostr notes take up very little space, you can actually run a relay on your phone. I have been on Nostr for almost 2 and a half years, and I have 25,000+ notes of various kinds on my relay, and a backup of that full database is just 24MB on my phone's storage.

Having that backup can save your bacon if you try out a new Nostr client and it doesn't find your existing follow list for some reason, so it writes a new one and you suddenly lose all of the people you were following. Just pop into your #Citrine relay, confirm it still has your correct follow list or import it from a recent backup, then have Citrine restore it. Done.

Additionally, there are things you may want to only save to a relay you control, such as draft messages that you aren't ready to post publicly, or eCash tokens, which can actually be saved to Nostr relays now. Citrine can also be used with Amber for signing into certain Nostr applications that use a relay to communicate with Amber.

If you are really adventurous, you can also expose Citrine over Tor to be used as an outbox relay, or used for peer-to-peer private messaging, but that is far more involved than the scope of this tutorial series.

You can't get far in Nostr without a solid and reliable client to interact with. #Amethyst is the client we will be using for this tutorial because there simply isn't another Android client that comes close, so far. Moreover, it can be a great client for new users to get started on, and yet it has a ton of features for power-users to take advantage of as well.

There are plenty of other good clients to check out over time, such as Coracle, YakiHonne, Voyage, Olas, Flotilla and others, but I keep coming back to Amethyst, and by the time you finish this tutorial, I think you'll see why. nostr:npub1gcxzte5zlkncx26j68ez60fzkvtkm9e0vrwdcvsjakxf9mu9qewqlfnj5z and others who have contributed to Amethyst have really built something special in this client, and it just keeps improving with every update that's shipped.

Most social media apps have some form of push notifications, and some Nostr apps do, too. Where the issue comes in is that Nostr apps are all interoperable. If you have more than one application, you're going to have both of them notifying you. Nostr users are known for having five or more Nostr apps that they use regularly. If all of them had notifications turned on, it would be a nightmare. So maybe you limit it to only one of your Nostr apps having notifications turned on, but then you are pretty well locked-in to opening that particular app when you tap on the notification.

Pokey, by nostr:npub1v3tgrwwsv7c6xckyhm5dmluc05jxd4yeqhpxew87chn0kua0tjzqc6yvjh, solves this issue, allowing you to turn notifications off for all of your Nostr apps, and have Pokey handle them all for you. Then, when you tap on a Pokey notification, you can choose which Nostr app to open it in.

Pokey also gives you control over the types of things you want to be notified about. Maybe you don't care about reactions, and you just want to know about zaps, comments, and direct messages. Pokey has you covered. It even supports multiple accounts, so you can get notifications for all the npubs you control.

One of the most unique and incredibly fun aspects of Nostr is the ability to send and receive #zaps. Instead of merely giving someone a 👍️ when you like something they said, you can actually send them real value in the form of sats, small portions of a Bitcoin. There is nothing quite like the experience of receiving your first zap and realizing that someone valued what you said enough to send you a small amount (and sometimes not so small) of #Bitcoin, the best money mankind has ever known.

To be able to have that experience, though, you are going to need a wallet that can send and receive zaps, and preferably one that is easy to connect to Nostr applications. My current preference for that is Alby Hub, but not everyone wants to deal with all that comes along with running a #Lightning node. That being the case, I have opted to use nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch for this tutorial, because they offer one of the easiest wallets to set up, and it connects to most Nostr apps by just copy/pasting a connection string from the settings in the wallet into the settings in your Nostr app of choice.

Additionally, even though #Coinos is a custodial wallet, you can have it automatically transfer any #sats over a specified threshold to a separate wallet, allowing you to mitigate the custodial risk without needing to keep an eye on your balance and make the transfer manually.

Most of us on Android are used to getting all of our mobile apps from one souce: the Google Play Store. That's not possible for this tutorial series. Only one of the apps mentioned above is available in Google's permissioned playground. However, on Android we have the advantage of being able to install whatever we want on our device, just by popping into our settings and flipping a toggle. Indeed, thumbing our noses at big-tech is at the heart of the Nostr ethos, so why would we make ourselves beholden to Google for installing Nostr apps?

The nostr:npub10r8xl2njyepcw2zwv3a6dyufj4e4ajx86hz6v4ehu4gnpupxxp7stjt2p8 is an alternative app store made by nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9 as a resource for all sorts of open-source apps, but especially Nostr apps. What is more, you can log in with Amber, connect a wallet like Coinos, and support the developers of your favorite Nostr apps directly within the #Zapstore by zapping their app releases.

One of the biggest features of the Zapstore is the fact that developers can cryptographically sign their app releases using their Nostr keys, so you know that the app you are downloading is the one they actually released and hasn't been altered in any way. The Zapstore will warn you and won't let you install the app if the signature is invalid.

Getting Started

Since the Zapstore will be the source we use for installing most of the other apps mentioned, we will start with installing the Zapstore.

We will then use the Zapstore to install Amber and set it up with our Nostr account, either by creating a new private key, or by importing one we already have. We'll also use it to log into the Zapstore.

Next, we will install Amethyst from the Zapstore and log into it via Amber.

After this, we will install Citrine from the Zapstore and add it as a local relay on Amethyst.

Because we want to be able to send and receive zaps, we will set up a wallet with CoinOS and connect it to Amethyst and the Zapstore using Nostr Wallet Connect.

Finally, we will install Pokey using the Zapstore, log into it using Amber, and set up the notifications we want to receive.

By the time you are done with this series, you will have a great head-start on your Nostr journey compared to muddling through it all on your own. Moreover, you will have developed a familiarity with how things generally work on Nostr that can be applied to other apps you try out in the future.

Continue to Part 2: Installing the Zapstore. (Coming Soon)

@ 86611181:9fc27ad7

It's time to secure user data in your identity system This post was also published with the Industry Association of Privacy Professionals.

It seems like every day there is a new report of a major personal data breach. In just the past few months, Neiman Marcus, Ticketmaster, Evolve Bank, TeamViewer, Hubspot, and even the IRS have been affected.

The core issue is that user data is commonly spread across multiple systems that are increasingly difficult to fully secure, including database user tables, data warehouses and unstructured documents.

Most enterprises are already running an incredibly secure and hardened identity system to manage customer login and authorization, commonly referred to as a customer identity access management system. Since identity systems manage customer sign-up and sign-in, they typically contain customer names, email addresses, and phone numbers for multifactor authentication. Commercial CIAMs provide extensive logging, threat detection, availability and patch management.

Identity systems are highly secure and already store customers' personally identifiable information, so it stands to reason enterprises should consider identity systems to manage additional PII fields.

Identity systems are designed to store numerous PII fields and mask the fields for other systems. The Liberty Project developed the protocols that became Security Assertion Markup Language 2.0, the architecture at the core of CIAM systems, 20 years ago, when I was its chief technology officer. SAML 2.0 was built so identity data would be fully secure, and opaque tokens would be shared with other systems. Using tokens instead of actual user data is a core feature of identity software that can be used to fully secure user data across applications.

Most modern identity systems support adding additional customer fields, so it is easy to add new fields like Social Security numbers and physical addresses. Almost like a database, some identity systems even support additional tables and images.

A great feature of identity systems is that they often provide a full suite of user interface components for users to register, login and manage their profile fields. Moving fields like Social Security numbers from your database to your identity system means the identity system can fully manage the process of users entering, viewing and editing the field, and your existing application and database become descoped from managing sensitive data.

With sensitive fields fully isolated in an identity system and its user interface components, the identity system can provide for cumbersome and expensive compliance with standards such as the Health Insurance Portability and Accountability Act for medical data and the Payment Card Industry Data Security Standard for payment data, saving the time and effort to achieve similar compliance in your application.

There are, of course, applications that require sensitive data, such as customer service systems and data warehouses. Identity systems use a data distribution standard called System for Cross-domain Identity Management 2.0 to copy user data to other systems. The SCIM is a great standard to help manage compliance such as "right to be forgotten," because it can automatically delete customer data from other systems when a customer record is deleted from the identity system.

When copying customer data from an identity system to another application, consider anonymizing or masking fields. For example, anonymizing a birthdate into an age range when copying a customer record into a data warehouse can descope the data warehouse from containing personal information.

Most enterprises already run an Application Programming Interface Gateway to manage web services between systems. By combining an API Gateway with the identity system's APIs, it becomes very easy to automatically anonymize and mask customer data fields before they are copied into other systems.

A new set of companies including Baffle, Skyflow, and Piiano have introduced services that combine the governance and field management features of an identity system with extensive field masking. Since these systems do not offer the authentication and authorization features of an identity system, it's important to balance the additional features as they introduce an additional threat surface with PII storage and permissions.

PII sprawl is an increasing liability for companies. The most secure, compliant and flexible central data store to manage PII is the existing CIAM and API Gateway infrastructure that enterprises have already deployed.

Move that customer data into your identity system and lock it down. https://peter.layer3.press/articles/3c6912eb-404a-4630-9fe9-fd1bd23cfa64

@ 91bea5cd:1df4451c

Básico

bash lsblk # Lista todos os diretorios montados.

Para criar o sistema de arquivos:

bash mkfs.btrfs -L "ThePool" -f /dev/sdx

Criando um subvolume:

bash btrfs subvolume create SubVol

Montando Sistema de Arquivos:

bash mount -o compress=zlib,subvol=SubVol,autodefrag /dev/sdx /mnt

Lista os discos formatados no diretório:

bash btrfs filesystem show /mnt

Adiciona novo disco ao subvolume:

bash btrfs device add -f /dev/sdy /mnt

Lista novamente os discos do subvolume:

bash btrfs filesystem show /mnt

Exibe uso dos discos do subvolume:

bash btrfs filesystem df /mnt

Balancea os dados entre os discos sobre raid1:

bash btrfs filesystem balance start -dconvert=raid1 -mconvert=raid1 /mnt

Scrub é uma passagem por todos os dados e metadados do sistema de arquivos e verifica as somas de verificação. Se uma cópia válida estiver disponível (perfis de grupo de blocos replicados), a danificada será reparada. Todas as cópias dos perfis replicados são validadas.

iniciar o processo de depuração :

bash btrfs scrub start /mnt

ver o status do processo de depuração Btrfs em execução:

bash btrfs scrub status /mnt

ver o status do scrub Btrfs para cada um dos dispositivos

bash btrfs scrub status -d / data btrfs scrub cancel / data

Para retomar o processo de depuração do Btrfs que você cancelou ou pausou:

btrfs scrub resume / data

Listando os subvolumes:

bash btrfs subvolume list /Reports

Criando um instantâneo dos subvolumes:

Aqui, estamos criando um instantâneo de leitura e gravação chamado snap de marketing do subvolume de marketing.

bash btrfs subvolume snapshot /Reports/marketing /Reports/marketing-snap

Além disso, você pode criar um instantâneo somente leitura usando o sinalizador -r conforme mostrado. O marketing-rosnap é um instantâneo somente leitura do subvolume de marketing

bash btrfs subvolume snapshot -r /Reports/marketing /Reports/marketing-rosnap

Forçar a sincronização do sistema de arquivos usando o utilitário 'sync'

Para forçar a sincronização do sistema de arquivos, invoque a opção de sincronização conforme mostrado. Observe que o sistema de arquivos já deve estar montado para que o processo de sincronização continue com sucesso.

bash btrfs filsystem sync /Reports

Para excluir o dispositivo do sistema de arquivos, use o comando device delete conforme mostrado.

bash btrfs device delete /dev/sdc /Reports

Para sondar o status de um scrub, use o comando scrub status com a opção -dR .

bash btrfs scrub status -dR / Relatórios

Para cancelar a execução do scrub, use o comando scrub cancel .

bash $ sudo btrfs scrub cancel / Reports

Para retomar ou continuar com uma depuração interrompida anteriormente, execute o comando de cancelamento de depuração

bash sudo btrfs scrub resume /Reports

mostra o uso do dispositivo de armazenamento:

btrfs filesystem usage /data

Para distribuir os dados, metadados e dados do sistema em todos os dispositivos de armazenamento do RAID (incluindo o dispositivo de armazenamento recém-adicionado) montados no diretório /data , execute o seguinte comando:

sudo btrfs balance start --full-balance /data

Pode demorar um pouco para espalhar os dados, metadados e dados do sistema em todos os dispositivos de armazenamento do RAID se ele contiver muitos dados.

Opções importantes de montagem Btrfs

Nesta seção, vou explicar algumas das importantes opções de montagem do Btrfs. Então vamos começar.

As opções de montagem Btrfs mais importantes são:

**1. acl e noacl

**ACL gerencia permissões de usuários e grupos para os arquivos/diretórios do sistema de arquivos Btrfs.

A opção de montagem acl Btrfs habilita ACL. Para desabilitar a ACL, você pode usar a opção de montagem noacl .

Por padrão, a ACL está habilitada. Portanto, o sistema de arquivos Btrfs usa a opção de montagem acl por padrão.

**2. autodefrag e noautodefrag

**Desfragmentar um sistema de arquivos Btrfs melhorará o desempenho do sistema de arquivos reduzindo a fragmentação de dados.

A opção de montagem autodefrag permite a desfragmentação automática do sistema de arquivos Btrfs.

A opção de montagem noautodefrag desativa a desfragmentação automática do sistema de arquivos Btrfs.

Por padrão, a desfragmentação automática está desabilitada. Portanto, o sistema de arquivos Btrfs usa a opção de montagem noautodefrag por padrão.

**3. compactar e compactar-forçar

**Controla a compactação de dados no nível do sistema de arquivos do sistema de arquivos Btrfs.

A opção compactar compacta apenas os arquivos que valem a pena compactar (se compactar o arquivo economizar espaço em disco).

A opção compress-force compacta todos os arquivos do sistema de arquivos Btrfs, mesmo que a compactação do arquivo aumente seu tamanho.

O sistema de arquivos Btrfs suporta muitos algoritmos de compactação e cada um dos algoritmos de compactação possui diferentes níveis de compactação.

Os algoritmos de compactação suportados pelo Btrfs são: lzo , zlib (nível 1 a 9) e zstd (nível 1 a 15).

Você pode especificar qual algoritmo de compactação usar para o sistema de arquivos Btrfs com uma das seguintes opções de montagem:

• compress=algoritmo:nível
• compress-force=algoritmo:nível

Para obter mais informações, consulte meu artigo Como habilitar a compactação do sistema de arquivos Btrfs .

**4. subvol e subvolid

**Estas opções de montagem são usadas para montar separadamente um subvolume específico de um sistema de arquivos Btrfs.

A opção de montagem subvol é usada para montar o subvolume de um sistema de arquivos Btrfs usando seu caminho relativo.

A opção de montagem subvolid é usada para montar o subvolume de um sistema de arquivos Btrfs usando o ID do subvolume.

Para obter mais informações, consulte meu artigo Como criar e montar subvolumes Btrfs .

**5. dispositivo

A opção de montagem de dispositivo** é usada no sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs.

Em alguns casos, o sistema operacional pode falhar ao detectar os dispositivos de armazenamento usados em um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs. Nesses casos, você pode usar a opção de montagem do dispositivo para especificar os dispositivos que deseja usar para o sistema de arquivos de vários dispositivos Btrfs ou RAID.

Você pode usar a opção de montagem de dispositivo várias vezes para carregar diferentes dispositivos de armazenamento para o sistema de arquivos de vários dispositivos Btrfs ou RAID.

Você pode usar o nome do dispositivo (ou seja, sdb , sdc ) ou UUID , UUID_SUB ou PARTUUID do dispositivo de armazenamento com a opção de montagem do dispositivo para identificar o dispositivo de armazenamento.

Por exemplo,

• dispositivo=/dev/sdb
• dispositivo=/dev/sdb,dispositivo=/dev/sdc
• dispositivo=UUID_SUB=490a263d-eb9a-4558-931e-998d4d080c5d
• device=UUID_SUB=490a263d-eb9a-4558-931e-998d4d080c5d,device=UUID_SUB=f7ce4875-0874-436a-b47d-3edef66d3424

**6. degraded

A opção de montagem degradada** permite que um RAID Btrfs seja montado com menos dispositivos de armazenamento do que o perfil RAID requer.

Por exemplo, o perfil raid1 requer a presença de 2 dispositivos de armazenamento. Se um dos dispositivos de armazenamento não estiver disponível em qualquer caso, você usa a opção de montagem degradada para montar o RAID mesmo que 1 de 2 dispositivos de armazenamento esteja disponível.

**7. commit

A opção commit** mount é usada para definir o intervalo (em segundos) dentro do qual os dados serão gravados no dispositivo de armazenamento.

O padrão é definido como 30 segundos.

Para definir o intervalo de confirmação para 15 segundos, você pode usar a opção de montagem commit=15 (digamos).

**8. ssd e nossd

A opção de montagem ssd** informa ao sistema de arquivos Btrfs que o sistema de arquivos está usando um dispositivo de armazenamento SSD, e o sistema de arquivos Btrfs faz a otimização SSD necessária.

A opção de montagem nossd desativa a otimização do SSD.

O sistema de arquivos Btrfs detecta automaticamente se um SSD é usado para o sistema de arquivos Btrfs. Se um SSD for usado, a opção de montagem de SSD será habilitada. Caso contrário, a opção de montagem nossd é habilitada.

**9. ssd_spread e nossd_spread

A opção de montagem ssd_spread** tenta alocar grandes blocos contínuos de espaço não utilizado do SSD. Esse recurso melhora o desempenho de SSDs de baixo custo (baratos).

A opção de montagem nossd_spread desativa o recurso ssd_spread .

O sistema de arquivos Btrfs detecta automaticamente se um SSD é usado para o sistema de arquivos Btrfs. Se um SSD for usado, a opção de montagem ssd_spread será habilitada. Caso contrário, a opção de montagem nossd_spread é habilitada.

**10. descarte e nodiscard

Se você estiver usando um SSD que suporte TRIM enfileirado assíncrono (SATA rev3.1), a opção de montagem de descarte** permitirá o descarte de blocos de arquivos liberados. Isso melhorará o desempenho do SSD.

Se o SSD não suportar TRIM enfileirado assíncrono, a opção de montagem de descarte prejudicará o desempenho do SSD. Nesse caso, a opção de montagem nodiscard deve ser usada.

Por padrão, a opção de montagem nodiscard é usada.

**11. norecovery

Se a opção de montagem norecovery** for usada, o sistema de arquivos Btrfs não tentará executar a operação de recuperação de dados no momento da montagem.

**12. usebackuproot e nousebackuproot

Se a opção de montagem usebackuproot for usada, o sistema de arquivos Btrfs tentará recuperar qualquer raiz de árvore ruim/corrompida no momento da montagem. O sistema de arquivos Btrfs pode armazenar várias raízes de árvore no sistema de arquivos. A opção de montagem usebackuproot** procurará uma boa raiz de árvore e usará a primeira boa que encontrar.

A opção de montagem nousebackuproot não verificará ou recuperará raízes de árvore inválidas/corrompidas no momento da montagem. Este é o comportamento padrão do sistema de arquivos Btrfs.

**13. space_cache, space_cache=version, nospace_cache e clear_cache

A opção de montagem space_cache** é usada para controlar o cache de espaço livre. O cache de espaço livre é usado para melhorar o desempenho da leitura do espaço livre do grupo de blocos do sistema de arquivos Btrfs na memória (RAM).

O sistema de arquivos Btrfs suporta 2 versões do cache de espaço livre: v1 (padrão) e v2

O mecanismo de cache de espaço livre v2 melhora o desempenho de sistemas de arquivos grandes (tamanho de vários terabytes).

Você pode usar a opção de montagem space_cache=v1 para definir a v1 do cache de espaço livre e a opção de montagem space_cache=v2 para definir a v2 do cache de espaço livre.

A opção de montagem clear_cache é usada para limpar o cache de espaço livre.

Quando o cache de espaço livre v2 é criado, o cache deve ser limpo para criar um cache de espaço livre v1 .

Portanto, para usar o cache de espaço livre v1 após a criação do cache de espaço livre v2 , as opções de montagem clear_cache e space_cache=v1 devem ser combinadas: clear_cache,space_cache=v1

A opção de montagem nospace_cache é usada para desabilitar o cache de espaço livre.

Para desabilitar o cache de espaço livre após a criação do cache v1 ou v2 , as opções de montagem nospace_cache e clear_cache devem ser combinadas: clear_cache,nosapce_cache

**14. skip_balance

Por padrão, a operação de balanceamento interrompida/pausada de um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs será retomada automaticamente assim que o sistema de arquivos Btrfs for montado. Para desabilitar a retomada automática da operação de equilíbrio interrompido/pausado em um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs, você pode usar a opção de montagem skip_balance .**

**15. datacow e nodatacow

A opção datacow** mount habilita o recurso Copy-on-Write (CoW) do sistema de arquivos Btrfs. É o comportamento padrão.

Se você deseja desabilitar o recurso Copy-on-Write (CoW) do sistema de arquivos Btrfs para os arquivos recém-criados, monte o sistema de arquivos Btrfs com a opção de montagem nodatacow .

**16. datasum e nodatasum

A opção datasum** mount habilita a soma de verificação de dados para arquivos recém-criados do sistema de arquivos Btrfs. Este é o comportamento padrão.

Se você não quiser que o sistema de arquivos Btrfs faça a soma de verificação dos dados dos arquivos recém-criados, monte o sistema de arquivos Btrfs com a opção de montagem nodatasum .

Perfis Btrfs

Um perfil Btrfs é usado para informar ao sistema de arquivos Btrfs quantas cópias dos dados/metadados devem ser mantidas e quais níveis de RAID devem ser usados para os dados/metadados. O sistema de arquivos Btrfs contém muitos perfis. Entendê-los o ajudará a configurar um RAID Btrfs da maneira que você deseja.

Os perfis Btrfs disponíveis são os seguintes:

single : Se o perfil único for usado para os dados/metadados, apenas uma cópia dos dados/metadados será armazenada no sistema de arquivos, mesmo se você adicionar vários dispositivos de armazenamento ao sistema de arquivos. Assim, 100% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser utilizado.

dup : Se o perfil dup for usado para os dados/metadados, cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos manterá duas cópias dos dados/metadados. Assim, 50% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser utilizado.

raid0 : No perfil raid0 , os dados/metadados serão divididos igualmente em todos os dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, não haverá dados/metadados redundantes (duplicados). Assim, 100% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser usado. Se, em qualquer caso, um dos dispositivos de armazenamento falhar, todo o sistema de arquivos será corrompido. Você precisará de pelo menos dois dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid0 .

raid1 : No perfil raid1 , duas cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a uma falha de unidade. Mas você pode usar apenas 50% do espaço total em disco. Você precisará de pelo menos dois dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1 .

raid1c3 : No perfil raid1c3 , três cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a duas falhas de unidade, mas você pode usar apenas 33% do espaço total em disco. Você precisará de pelo menos três dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1c3 .

raid1c4 : No perfil raid1c4 , quatro cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a três falhas de unidade, mas você pode usar apenas 25% do espaço total em disco. Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1c4 .

raid10 : No perfil raid10 , duas cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos, como no perfil raid1 . Além disso, os dados/metadados serão divididos entre os dispositivos de armazenamento, como no perfil raid0 .

O perfil raid10 é um híbrido dos perfis raid1 e raid0 . Alguns dos dispositivos de armazenamento formam arrays raid1 e alguns desses arrays raid1 são usados para formar um array raid0 . Em uma configuração raid10 , o sistema de arquivos pode sobreviver a uma única falha de unidade em cada uma das matrizes raid1 .

Você pode usar 50% do espaço total em disco na configuração raid10 . Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid10 .

raid5 : No perfil raid5 , uma cópia dos dados/metadados será dividida entre os dispositivos de armazenamento. Uma única paridade será calculada e distribuída entre os dispositivos de armazenamento do array RAID.

Em uma configuração raid5 , o sistema de arquivos pode sobreviver a uma única falha de unidade. Se uma unidade falhar, você pode adicionar uma nova unidade ao sistema de arquivos e os dados perdidos serão calculados a partir da paridade distribuída das unidades em execução.

Você pode usar 1 00x(N-1)/N % do total de espaços em disco na configuração raid5 . Aqui, N é o número de dispositivos de armazenamento adicionados ao sistema de arquivos. Você precisará de pelo menos três dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid5 .

raid6 : No perfil raid6 , uma cópia dos dados/metadados será dividida entre os dispositivos de armazenamento. Duas paridades serão calculadas e distribuídas entre os dispositivos de armazenamento do array RAID.

Em uma configuração raid6 , o sistema de arquivos pode sobreviver a duas falhas de unidade ao mesmo tempo. Se uma unidade falhar, você poderá adicionar uma nova unidade ao sistema de arquivos e os dados perdidos serão calculados a partir das duas paridades distribuídas das unidades em execução.

Você pode usar 100x(N-2)/N % do espaço total em disco na configuração raid6 . Aqui, N é o número de dispositivos de armazenamento adicionados ao sistema de arquivos. Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid6 .

@ 86611181:9fc27ad7

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://peter.layer3.press/articles/553ac57f-bb19-4b50-8644-d38d74d1e1e6

@ 21335073:a244b1ad

Warning: This piece contains a conversation about difficult topics. Please proceed with caution.

TL;DR please educate your children about online safety.

Julian Assange wrote in his 2012 book Cypherpunks, “This book is not a manifesto. There isn’t time for that. This book is a warning.” I read it a few times over the past summer. Those opening lines definitely stood out to me. I wish we had listened back then. He saw something about the internet that few had the ability to see. There are some individuals who are so close to a topic that when they speak, it’s difficult for others who aren’t steeped in it to visualize what they’re talking about. I didn’t read the book until more recently. If I had read it when it came out, it probably would have sounded like an unknown foreign language to me. Today it makes more sense.

This isn’t a manifesto. This isn’t a book. There is no time for that. It’s a warning and a possible solution from a desperate and determined survivor advocate who has been pulling and unraveling a thread for a few years. At times, I feel too close to this topic to make any sense trying to convey my pathway to my conclusions or thoughts to the general public. My hope is that if nothing else, I can convey my sense of urgency while writing this. This piece is a watchman’s warning.

When a child steps online, they are walking into a new world. A new reality. When you hand a child the internet, you are handing them possibilities—good, bad, and ugly. This is a conversation about lowering the potential of negative outcomes of stepping into that new world and how I came to these conclusions. I constantly compare the internet to the road. You wouldn’t let a young child run out into the road with no guidance or safety precautions. When you hand a child the internet without any type of guidance or safety measures, you are allowing them to play in rush hour, oncoming traffic. “Look left, look right for cars before crossing.” We almost all have been taught that as children. What are we taught as humans about safety before stepping into a completely different reality like the internet? Very little.

I could never really figure out why many folks in tech, privacy rights activists, and hackers seemed so cold to me while talking about online child sexual exploitation. I always figured that as a survivor advocate for those affected by these crimes, that specific, skilled group of individuals would be very welcoming and easy to talk to about such serious topics. I actually had one hacker laugh in my face when I brought it up while I was looking for answers. I thought maybe this individual thought I was accusing them of something I wasn’t, so I felt bad for asking. I was constantly extremely disappointed and would ask myself, “Why don’t they care? What could I say to make them care more? What could I say to make them understand the crisis and the level of suffering that happens as a result of the problem?”

I have been serving minor survivors of online child sexual exploitation for years. My first case serving a survivor of this specific crime was in 2018—a 13-year-old girl sexually exploited by a serial predator on Snapchat. That was my first glimpse into this side of the internet. I won a national award for serving the minor survivors of Twitter in 2023, but I had been working on that specific project for a few years. I was nominated by a lawyer representing two survivors in a legal battle against the platform. I’ve never really spoken about this before, but at the time it was a choice for me between fighting Snapchat or Twitter. I chose Twitter—or rather, Twitter chose me. I heard about the story of John Doe #1 and John Doe #2, and I was so unbelievably broken over it that I went to war for multiple years. I was and still am royally pissed about that case. As far as I was concerned, the John Doe #1 case proved that whatever was going on with corporate tech social media was so out of control that I didn’t have time to wait, so I got to work. It was reading the messages that John Doe #1 sent to Twitter begging them to remove his sexual exploitation that broke me. He was a child begging adults to do something. A passion for justice and protecting kids makes you do wild things. I was desperate to find answers about what happened and searched for solutions. In the end, the platform Twitter was purchased. During the acquisition, I just asked Mr. Musk nicely to prioritize the issue of detection and removal of child sexual exploitation without violating digital privacy rights or eroding end-to-end encryption. Elon thanked me multiple times during the acquisition, made some changes, and I was thanked by others on the survivors’ side as well.

I still feel that even with the progress made, I really just scratched the surface with Twitter, now X. I left that passion project when I did for a few reasons. I wanted to give new leadership time to tackle the issue. Elon Musk made big promises that I knew would take a while to fulfill, but mostly I had been watching global legislation transpire around the issue, and frankly, the governments are willing to go much further with X and the rest of corporate tech than I ever would. My work begging Twitter to make changes with easier reporting of content, detection, and removal of child sexual exploitation material—without violating privacy rights or eroding end-to-end encryption—and advocating for the minor survivors of the platform went as far as my principles would have allowed. I’m grateful for that experience. I was still left with a nagging question: “How did things get so bad with Twitter where the John Doe #1 and John Doe #2 case was able to happen in the first place?” I decided to keep looking for answers. I decided to keep pulling the thread.

I never worked for Twitter. This is often confusing for folks. I will say that despite being disappointed in the platform’s leadership at times, I loved Twitter. I saw and still see its value. I definitely love the survivors of the platform, but I also loved the platform. I was a champion of the platform’s ability to give folks from virtually around the globe an opportunity to speak and be heard.

I want to be clear that John Doe #1 really is my why. He is the inspiration. I am writing this because of him. He represents so many globally, and I’m still inspired by his bravery. One child’s voice begging adults to do something—I’m an adult, I heard him. I’d go to war a thousand more lifetimes for that young man, and I don’t even know his name. Fighting has been personally dark at times; I’m not even going to try to sugarcoat it, but it has been worth it.

The data surrounding the very real crime of online child sexual exploitation is available to the public online at any time for anyone to see. I’d encourage you to go look at the data for yourself. I believe in encouraging folks to check multiple sources so that you understand the full picture. If you are uncomfortable just searching around the internet for information about this topic, use the terms “CSAM,” “CSEM,” “SG-CSEM,” or “AI Generated CSAM.” The numbers don’t lie—it’s a nightmare that’s out of control. It’s a big business. The demand is high, and unfortunately, business is booming. Organizations collect the data, tech companies often post their data, governments report frequently, and the corporate press has covered a decent portion of the conversation, so I’m sure you can find a source that you trust.

Technology is changing rapidly, which is great for innovation as a whole but horrible for the crime of online child sexual exploitation. Those wishing to exploit the vulnerable seem to be adapting to each technological change with ease. The governments are so far behind with tackling these issues that as I’m typing this, it’s borderline irrelevant to even include them while speaking about the crime or potential solutions. Technology is changing too rapidly, and their old, broken systems can’t even dare to keep up. Think of it like the governments’ “War on Drugs.” Drugs won. In this case as well, the governments are not winning. The governments are talking about maybe having a meeting on potentially maybe having legislation around the crimes. The time to have that meeting would have been many years ago. I’m not advocating for governments to legislate our way out of this. I’m on the side of educating and innovating our way out of this.

I have been clear while advocating for the minor survivors of corporate tech platforms that I would not advocate for any solution to the crime that would violate digital privacy rights or erode end-to-end encryption. That has been a personal moral position that I was unwilling to budge on. This is an extremely unpopular and borderline nonexistent position in the anti-human trafficking movement and online child protection space. I’m often fearful that I’m wrong about this. I have always thought that a better pathway forward would have been to incentivize innovation for detection and removal of content. I had no previous exposure to privacy rights activists or Cypherpunks—actually, I came to that conclusion by listening to the voices of MENA region political dissidents and human rights activists. After developing relationships with human rights activists from around the globe, I realized how important privacy rights and encryption are for those who need it most globally. I was simply unwilling to give more power, control, and opportunities for mass surveillance to big abusers like governments wishing to enslave entire nations and untrustworthy corporate tech companies to potentially end some portion of abuses online. On top of all of it, it has been clear to me for years that all potential solutions outside of violating digital privacy rights to detect and remove child sexual exploitation online have not yet been explored aggressively. I’ve been disappointed that there hasn’t been more of a conversation around preventing the crime from happening in the first place.

What has been tried is mass surveillance. In China, they are currently under mass surveillance both online and offline, and their behaviors are attached to a social credit score. Unfortunately, even on state-run and controlled social media platforms, they still have child sexual exploitation and abuse imagery pop up along with other crimes and human rights violations. They also have a thriving black market online due to the oppression from the state. In other words, even an entire loss of freedom and privacy cannot end the sexual exploitation of children online. It’s been tried. There is no reason to repeat this method.

It took me an embarrassingly long time to figure out why I always felt a slight coldness from those in tech and privacy-minded individuals about the topic of child sexual exploitation online. I didn’t have any clue about the “Four Horsemen of the Infocalypse.” This is a term coined by Timothy C. May in 1988. I would have been a child myself when he first said it. I actually laughed at myself when I heard the phrase for the first time. I finally got it. The Cypherpunks weren’t wrong about that topic. They were so spot on that it is borderline uncomfortable. I was mad at first that they knew that early during the birth of the internet that this issue would arise and didn’t address it. Then I got over it because I realized that it wasn’t their job. Their job was—is—to write code. Their job wasn’t to be involved and loving parents or survivor advocates. Their job wasn’t to educate children on internet safety or raise awareness; their job was to write code.

They knew that child sexual abuse material would be shared on the internet. They said what would happen—not in a gleeful way, but a prediction. Then it happened.

I equate it now to a concrete company laying down a road. As you’re pouring the concrete, you can say to yourself, “A terrorist might travel down this road to go kill many, and on the flip side, a beautiful child can be born in an ambulance on this road.” Who or what travels down the road is not their responsibility—they are just supposed to lay the concrete. I’d never go to a concrete pourer and ask them to solve terrorism that travels down roads. Under the current system, law enforcement should stop terrorists before they even make it to the road. The solution to this specific problem is not to treat everyone on the road like a terrorist or to not build the road.

So I understand the perceived coldness from those in tech. Not only was it not their job, but bringing up the topic was seen as the equivalent of asking a free person if they wanted to discuss one of the four topics—child abusers, terrorists, drug dealers, intellectual property pirates, etc.—that would usher in digital authoritarianism for all who are online globally.

Privacy rights advocates and groups have put up a good fight. They stood by their principles. Unfortunately, when it comes to corporate tech, I believe that the issue of privacy is almost a complete lost cause at this point. It’s still worth pushing back, but ultimately, it is a losing battle—a ticking time bomb.

I do think that corporate tech providers could have slowed down the inevitable loss of privacy at the hands of the state by prioritizing the detection and removal of CSAM when they all started online. I believe it would have bought some time, fewer would have been traumatized by that specific crime, and I do believe that it could have slowed down the demand for content. If I think too much about that, I’ll go insane, so I try to push the “if maybes” aside, but never knowing if it could have been handled differently will forever haunt me. At night when it’s quiet, I wonder what I would have done differently if given the opportunity. I’ll probably never know how much corporate tech knew and ignored in the hopes that it would go away while the problem continued to get worse. They had different priorities. The most voiceless and vulnerable exploited on corporate tech never had much of a voice, so corporate tech providers didn’t receive very much pushback.

Now I’m about to say something really wild, and you can call me whatever you want to call me, but I’m going to say what I believe to be true. I believe that the governments are either so incompetent that they allowed the proliferation of CSAM online, or they knowingly allowed the problem to fester long enough to have an excuse to violate privacy rights and erode end-to-end encryption. The US government could have seized the corporate tech providers over CSAM, but I believe that they were so useful as a propaganda arm for the regimes that they allowed them to continue virtually unscathed.

That season is done now, and the governments are making the issue a priority. It will come at a high cost. Privacy on corporate tech providers is virtually done as I’m typing this. It feels like a death rattle. I’m not particularly sure that we had much digital privacy to begin with, but the illusion of a veil of privacy feels gone.

To make matters slightly more complex, it would be hard to convince me that once AI really gets going, digital privacy will exist at all.

I believe that there should be a conversation shift to preserving freedoms and human rights in a post-privacy society.

I don’t want to get locked up because AI predicted a nasty post online from me about the government. I’m not a doomer about AI—I’m just going to roll with it personally. I’m looking forward to the positive changes that will be brought forth by AI. I see it as inevitable. A bit of privacy was helpful while it lasted. Please keep fighting to preserve what is left of privacy either way because I could be wrong about all of this.

On the topic of AI, the addition of AI to the horrific crime of child sexual abuse material and child sexual exploitation in multiple ways so far has been devastating. It’s currently out of control. The genie is out of the bottle. I am hopeful that innovation will get us humans out of this, but I’m not sure how or how long it will take. We must be extremely cautious around AI legislation. It should not be illegal to innovate even if some bad comes with the good. I don’t trust that the governments are equipped to decide the best pathway forward for AI. Source: the entire history of the government.

I have been personally negatively impacted by AI-generated content. Every few days, I get another alert that I’m featured again in what’s called “deep fake pornography” without my consent. I’m not happy about it, but what pains me the most is the thought that for a period of time down the road, many globally will experience what myself and others are experiencing now by being digitally sexually abused in this way. If you have ever had your picture taken and posted online, you are also at risk of being exploited in this way. Your child’s image can be used as well, unfortunately, and this is just the beginning of this particular nightmare. It will move to more realistic interpretations of sexual behaviors as technology improves. I have no brave words of wisdom about how to deal with that emotionally. I do have hope that innovation will save the day around this specific issue. I’m nervous that everyone online will have to ID verify due to this issue. I see that as one possible outcome that could help to prevent one problem but inadvertently cause more problems, especially for those living under authoritarian regimes or anyone who needs to remain anonymous online. A zero-knowledge proof (ZKP) would probably be the best solution to these issues. There are some survivors of violence and/or sexual trauma who need to remain anonymous online for various reasons. There are survivor stories available online of those who have been abused in this way. I’d encourage you seek out and listen to their stories.

There have been periods of time recently where I hesitate to say anything at all because more than likely AI will cover most of my concerns about education, awareness, prevention, detection, and removal of child sexual exploitation online, etc.

Unfortunately, some of the most pressing issues we’ve seen online over the last few years come in the form of “sextortion.” Self-generated child sexual exploitation (SG-CSEM) numbers are continuing to be terrifying. I’d strongly encourage that you look into sextortion data. AI + sextortion is also a huge concern. The perpetrators are using the non-sexually explicit images of children and putting their likeness on AI-generated child sexual exploitation content and extorting money, more imagery, or both from minors online. It’s like a million nightmares wrapped into one. The wild part is that these issues will only get more pervasive because technology is harnessed to perpetuate horror at a scale unimaginable to a human mind.

Even if you banned phones and the internet or tried to prevent children from accessing the internet, it wouldn’t solve it. Child sexual exploitation will still be with us until as a society we start to prevent the crime before it happens. That is the only human way out right now.

There is no reset button on the internet, but if I could go back, I’d tell survivor advocates to heed the warnings of the early internet builders and to start education and awareness campaigns designed to prevent as much online child sexual exploitation as possible. The internet and technology moved quickly, and I don’t believe that society ever really caught up. We live in a world where a child can be groomed by a predator in their own home while sitting on a couch next to their parents watching TV. We weren’t ready as a species to tackle the fast-paced algorithms and dangers online. It happened too quickly for parents to catch up. How can you parent for the ever-changing digital world unless you are constantly aware of the dangers?

I don’t think that the internet is inherently bad. I believe that it can be a powerful tool for freedom and resistance. I’ve spoken a lot about the bad online, but there is beauty as well. We often discuss how victims and survivors are abused online; we rarely discuss the fact that countless survivors around the globe have been able to share their experiences, strength, hope, as well as provide resources to the vulnerable. I do question if giving any government or tech company access to censorship, surveillance, etc., online in the name of serving survivors might not actually impact a portion of survivors negatively. There are a fair amount of survivors with powerful abusers protected by governments and the corporate press. If a survivor cannot speak to the press about their abuse, the only place they can go is online, directly or indirectly through an independent journalist who also risks being censored. This scenario isn’t hard to imagine—it already happened in China. During #MeToo, a survivor in China wanted to post their story. The government censored the post, so the survivor put their story on the blockchain. I’m excited that the survivor was creative and brave, but it’s terrifying to think that we live in a world where that situation is a necessity.

I believe that the future for many survivors sharing their stories globally will be on completely censorship-resistant and decentralized protocols. This thought in particular gives me hope. When we listen to the experiences of a diverse group of survivors, we can start to understand potential solutions to preventing the crimes from happening in the first place.

My heart is broken over the gut-wrenching stories of survivors sexually exploited online. Every time I hear the story of a survivor, I do think to myself quietly, “What could have prevented this from happening in the first place?” My heart is with survivors.

My head, on the other hand, is full of the understanding that the internet should remain free. The free flow of information should not be stopped. My mind is with the innocent citizens around the globe that deserve freedom both online and offline.

The problem is that governments don’t only want to censor illegal content that violates human rights—they create legislation that is so broad that it can impact speech and privacy of all. “Don’t you care about the kids?” Yes, I do. I do so much that I’m invested in finding solutions. I also care about all citizens around the globe that deserve an opportunity to live free from a mass surveillance society. If terrorism happens online, I should not be punished by losing my freedom. If drugs are sold online, I should not be punished. I’m not an abuser, I’m not a terrorist, and I don’t engage in illegal behaviors. I refuse to lose freedom because of others’ bad behaviors online.

I want to be clear that on a long enough timeline, the governments will decide that they can be better parents/caregivers than you can if something isn’t done to stop minors from being sexually exploited online. The price will be a complete loss of anonymity, privacy, free speech, and freedom of religion online. I find it rather insulting that governments think they’re better equipped to raise children than parents and caretakers.

So we can’t go backwards—all that we can do is go forward. Those who want to have freedom will find technology to facilitate their liberation. This will lead many over time to decentralized and open protocols. So as far as I’m concerned, this does solve a few of my worries—those who need, want, and deserve to speak freely online will have the opportunity in most countries—but what about online child sexual exploitation?

When I popped up around the decentralized space, I was met with the fear of censorship. I’m not here to censor you. I don’t write code. I couldn’t censor anyone or any piece of content even if I wanted to across the internet, no matter how depraved. I don’t have the skills to do that.

I’m here to start a conversation. Freedom comes at a cost. You must always fight for and protect your freedom. I can’t speak about protecting yourself from all of the Four Horsemen because I simply don’t know the topics well enough, but I can speak about this one topic.

If there was a shortcut to ending online child sexual exploitation, I would have found it by now. There isn’t one right now. I believe that education is the only pathway forward to preventing the crime of online child sexual exploitation for future generations.

I propose a yearly education course for every child of all school ages, taught as a standard part of the curriculum. Ideally, parents/caregivers would be involved in the education/learning process.

Course: - The creation of the internet and computers - The fight for cryptography - The tech supply chain from the ground up (example: human rights violations in the supply chain) - Corporate tech - Freedom tech - Data privacy - Digital privacy rights - AI (history-current) - Online safety (predators, scams, catfishing, extortion) - Bitcoin - Laws - How to deal with online hate and harassment - Information on who to contact if you are being abused online or offline - Algorithms - How to seek out the truth about news, etc., online

The parents/caregivers, homeschoolers, unschoolers, and those working to create decentralized parallel societies have been an inspiration while writing this, but my hope is that all children would learn this course, even in government ran schools. Ideally, parents would teach this to their own children.

The decentralized space doesn’t want child sexual exploitation to thrive. Here’s the deal: there has to be a strong prevention effort in order to protect the next generation. The internet isn’t going anywhere, predators aren’t going anywhere, and I’m not down to let anyone have the opportunity to prove that there is a need for more government. I don’t believe that the government should act as parents. The governments have had a chance to attempt to stop online child sexual exploitation, and they didn’t do it. Can we try a different pathway forward?

I’d like to put myself out of a job. I don’t want to ever hear another story like John Doe #1 ever again. This will require work. I’ve often called online child sexual exploitation the lynchpin for the internet. It’s time to arm generations of children with knowledge and tools. I can’t do this alone.

Individuals have fought so that I could have freedom online. I want to fight to protect it. I don’t want child predators to give the government any opportunity to take away freedom. Decentralized spaces are as close to a reset as we’ll get with the opportunity to do it right from the start. Start the youth off correctly by preventing potential hazards to the best of your ability.

The good news is anyone can work on this! I’d encourage you to take it and run with it. I added the additional education about the history of the internet to make the course more educational and fun. Instead of cleaning up generations of destroyed lives due to online sexual exploitation, perhaps this could inspire generations of those who will build our futures. Perhaps if the youth is armed with knowledge, they can create more tools to prevent the crime.

This one solution that I’m suggesting can be done on an individual level or on a larger scale. It should be adjusted depending on age, learning style, etc. It should be fun and playful.

This solution does not address abuse in the home or some of the root causes of offline child sexual exploitation. My hope is that it could lead to some survivors experiencing abuse in the home an opportunity to disclose with a trusted adult. The purpose for this solution is to prevent the crime of online child sexual exploitation before it occurs and to arm the youth with the tools to contact safe adults if and when it happens.

In closing, I went to hell a few times so that you didn’t have to. I spoke to the mothers of survivors of minors sexually exploited online—their tears could fill rivers. I’ve spoken with political dissidents who yearned to be free from authoritarian surveillance states. The only balance that I’ve found is freedom online for citizens around the globe and prevention from the dangers of that for the youth. Don’t slow down innovation and freedom. Educate, prepare, adapt, and look for solutions.

I’m not perfect and I’m sure that there are errors in this piece. I hope that you find them and it starts a conversation.

@ 0fa80bd3:ea7325de

DAOs promised decentralization. They offered a system where every member could influence a project's direction, where money and power were transparently distributed, and decisions were made through voting. All of it recorded immutably on the blockchain, free from middlemen.

But something didn’t work out. In practice, most DAOs haven’t evolved into living, self-organizing organisms. They became something else: clubs where participation is unevenly distributed. Leaders remained - only now without formal titles. They hold influence through control over communications, task framing, and community dynamics. Centralization still exists, just wrapped in a new package.

But there's a second, less obvious problem. Crowds can’t create strategy. In DAOs, people vote for what "feels right to the majority." But strategy isn’t about what feels good - it’s about what’s necessary. Difficult, unpopular, yet forward-looking decisions often fail when put to a vote. A founder’s vision is a risk. But in healthy teams, it’s that risk that drives progress. In DAOs, risk is almost always diluted until it becomes something safe and vague.

Instead of empowering leaders, DAOs often neutralize them. This is why many DAOs resemble consensus machines. Everyone talks, debates, and participates, but very little actually gets done. One person says, “Let’s jump,” and five others respond, “Let’s discuss that first.” This dynamic might work for open forums, but not for action.

Decentralization works when there’s trust and delegation, not just voting. Until DAOs develop effective systems for assigning roles, taking ownership, and acting with flexibility, they will keep losing ground to old-fashioned startups led by charismatic founders with a clear vision.

We’ve seen this in many real-world cases. Take MakerDAO, one of the most mature and technically sophisticated DAOs. Its governance token (MKR) holders vote on everything from interest rates to protocol upgrades. While this has allowed for transparency and community involvement, the process is often slow and bureaucratic. Complex proposals stall. Strategic pivots become hard to implement. And in 2023, a controversial proposal to allocate billions to real-world assets passed only narrowly, after months of infighting - highlighting how vision and execution can get stuck in the mud of distributed governance.

On the other hand, Uniswap DAO, responsible for the largest decentralized exchange, raised governance participation only after launching a delegation system where token holders could choose trusted representatives. Still, much of the activity is limited to a small group of active contributors. The vast majority of token holders remain passive. This raises the question: is it really community-led, or just a formalized power structure with lower transparency?

Then there’s ConstitutionDAO, an experiment that went viral. It raised over $40 million in days to try and buy a copy of the U.S. Constitution. But despite the hype, the DAO failed to win the auction. Afterwards, it struggled with refund logistics, communication breakdowns, and confusion over governance. It was a perfect example of collective enthusiasm without infrastructure or planning - proof that a DAO can raise capital fast but still lack cohesion.

Not all efforts have failed. Projects like Gitcoin DAO have made progress by incentivizing small, individual contributions. Their quadratic funding mechanism rewards projects based on the number of contributors, not just the size of donations, helping to elevate grassroots initiatives. But even here, long-term strategy often falls back on a core group of organizers rather than broad community consensus.

The pattern is clear: when the stakes are low or the tasks are modular, DAOs can coordinate well. But when bold moves are needed—when someone has to take responsibility and act under uncertainty DAOs often freeze. In the name of consensus, they lose momentum.

That’s why the organization of the future can’t rely purely on decentralization. It must encourage individual initiative and the ability to take calculated risks. People need to see their contribution not just as a vote, but as a role with clear actions and expected outcomes. When the situation demands, they should be empowered to act first and present the results to the community afterwards allowing for both autonomy and accountability. That’s not a flaw in the system. It’s how real progress happens.

@ b0a838f2:34ed3f19

• bin - A paste bin that's actually minimalist. WTFPL/0BSD Rust
• BinPastes - Minimal pastebin supporting client-side encryption, fulltext search, one-time messages. Intended for one to few users looking for a simple pastebin deployment. (Demo) Apache-2.0 Java
• ByteStash - Pastebin and file storage service with a simple web interface. Supports syntax highlighting, optional user authentication and public sharing. (Demo) GPL-3.0 Docker
• dpaste - Simple pastebin with multiple text and code option, with short url result easy to remember. (Source Code) MIT Docker/Django
• FlashPaper - One-time encrypted zero-knowledge password/secret sharing application focused on simplicity and security. No database or complicated set-up required. (Demo) MIT Docker/PHP
• Hemmelig - Share encrypted secrets cross organizations, or as private persons. (Source Code) MIT Docker/Nodejs
• lesma - Simple paste app friendly with browser and command line. (Demo, Source Code) GPL-3.0 Rust/Docker
• Local Content Share - Store and share text snippets and files within your local network. MIT Docker/Go
• not-th.re - Simple paste sharing platform, with client side encryption, featuring the monaco browser-based code editor. (Demo, Source Code) AGPL-3.0 Nodejs/Docker
• Opengist - Pastebin powered by Git. (Demo) AGPL-3.0 Docker/Go/Nodejs
• paaster - End-to-end encrypted pastebin built with the objective of simplicity. (Source Code) AGPL-3.0 Docker
• pacebin - Super-minimal pastebin and file upload service focusing on small executable size, portability, and ease of configuration. (Demo, Source Code) AGPL-3.0 C
• Password Pusher - Dead-simple application to securely communicate passwords (or text) over the web. Passwords automatically expire after a certain number of views and/or time has passed. (Source Code) Apache-2.0 Docker/K8S/Ruby
• Pastefy - Beautiful, simple and easy to deploy Pastebin with optional client encryption, multitab pastes, an API, a highlighted editor and more. (Source Code, Clients) MIT Docker/K8S/Java
• PrivateBin - Minimalist pastebin/discussion board where the server has zero knowledge of hosted data. (Demo, Source Code) Zlib PHP
• rustypaste - A minimal file upload/pastebin service. MIT Rust
• SnyPy - Open source on-prem code snippet manager. (Demo, Source Code) MIT Docker
• Spacebin - Modern Pastebin server written in Go with a JS-free web UI and tons of features. (Demo, Source Code) Apache-2.0 Go/Docker
• Sup3rS3cretMes5age - Very simple (to deploy and to use) secret message service using Hashicorp Vault as a secrets storage. MIT Go
• Wastebin - Lightweight, minimal and fast pastebin with an SQLite backend. (Demo) MIT Rust/Docker
• YABin - A pastebin that contains plentiful features while remaining simple. Supports optional E2E encryption, a client-side CLI app, syntax highlighting, minimalistic UI, APIs, keyboard shortcuts, and more. It can even be run in serverless environments. (Demo) MIT Nodejs/Docker
• ybFeed - Personal micro feed where you can post snippets of text or images. MIT Go/Nodejs/Docker
• Yopass - Secure sharing of secrets, passwords and files. (Demo) Apache-2.0 Go/Docker

@ b0a838f2:34ed3f19

• Evergreen - Highly-scalable software for libraries that helps library patrons find library materials, and helps libraries manage, catalog, and circulate those materials. (Source Code) GPL-2.0 PLpgSQL
• Koha - Enterprise-class ILS with modules for acquisitions, circulation, cataloging, label printing, offline circulation for when Internet access is not available, and much more. (Demo, Source Code) GPL-3.0 Perl
• RERO ILS - Large-scale ILS that can be run as a service with consortial features, intended primarily for library networks. Includes most standard modules (circulation, acquisitions, cataloging,...) and a web-based public and professional interface. (Demo, Source Code) AGPL-3.0 Python/Docker

@ 21335073:a244b1ad

Before I saw those X right-wing political “influencers” parading their Epstein binders in that PR stunt, I’d already posted this on Nostr, an open protocol. 

“Today, the world’s attention will likely fixate on Epstein, governmental failures in addressing horrific abuse cases, and the influential figures who perpetrate such acts—yet few will center the victims and survivors in the conversation. The survivors of Epstein went to law enforcement and very little happened. The survivors tried to speak to the corporate press and the corporate press knowingly covered for him. In situations like these social media can serve as one of the only ways for a survivor’s voice to be heard. 

It’s becoming increasingly evident that the line between centralized corporate social media and the state is razor-thin, if it exists at all. Time and again, the state shields powerful abusers when it’s politically expedient to do so. In this climate, a survivor attempting to expose someone like Epstein on a corporate tech platform faces an uphill battle—there’s no assurance their voice would even break through. Their story wouldn’t truly belong to them; it’d be at the mercy of the platform, subject to deletion at a whim. Nostr, though, offers a lifeline—a censorship-resistant space where survivors can share their truths, no matter how untouchable the abuser might seem. A survivor could remain anonymous here if they took enough steps. 

Nostr holds real promise for amplifying survivor voices. And if you’re here daily, tossing out memes, take heart: you’re helping build a foundation for those who desperately need to be heard.“

That post is untouchable—no CEO, company, employee, or government can delete it. Even if I wanted to, I couldn’t take it down myself. The post will outlive me on the protocol. 

The cozy alliance between the state and corporate social media hit me hard during that right-wing X “influencer” PR stunt. Elon owns X. Elon’s a special government employee. X pays those influencers to post. We don’t know who else pays them to post. Those influencers are spurred on by both the government and X to manage the Epstein case narrative. It wasn’t survivors standing there, grinning for photos—it was paid influencers, gatekeepers orchestrating yet another chance to re-exploit the already exploited.

The bond between the state and corporate social media is tight. If the other Epsteins out there are ever to be unmasked, I wouldn’t bet on a survivor’s story staying safe with a corporate tech platform, the government, any social media influencer, or mainstream journalist. Right now, only a protocol can hand survivors the power to truly own their narrative.

I don’t have anything against Elon—I’ve actually been a big supporter. I’m just stating it as I see it. X isn’t censorship resistant and they have an algorithm that they choose not the user. Corporate tech platforms like X can be a better fit for some survivors. X has safety tools and content moderation, making it a solid option for certain individuals. Grok can be a big help for survivors looking for resources or support! As a survivor, you know what works best for you, and safety should always come first—keep that front and center.

That said, a protocol is a game-changer for cases where the powerful are likely to censor. During China's # MeToo movement, survivors faced heavy censorship on social media platforms like Weibo and WeChat, where posts about sexual harassment were quickly removed, and hashtags like # MeToo or "woyeshi" were blocked by government and platform filters. To bypass this, activists turned to blockchain technology encoding their stories—like Yue Xin’s open letter about a Peking University case—into transaction metadata. This made the information tamper-proof and publicly accessible, resisting censorship since blockchain data can’t be easily altered or deleted.

I posted this on X 2/28/25. I wanted to try my first long post on a nostr client. The Epstein cover up is ongoing so it’s still relevant, unfortunately.

If you are a survivor or loved one who is reading this and needs support please reach out to: National Sexual Assault Hotline 24/7 https://rainn.org/

Hours: Available 24 hours

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Odakle Potiče Bitcoin?
2. Koje Probleme Rešava Bitcoin?
3. Kako se Bitcoin razvijao u poslednjoj deceniji?

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Bitcoin je peer to peer elektronski keš, novi oblik digitalnog novca koji se može prenositi između ljudi ili računara, bez potrebe za učestvovanjem pouzdanog posrednika (kao što je banka) i čije izdavanje nije pod kontrolom nijedne stranke.

Zamislite papirni dolar ili metalni novčić. Kad taj novac date drugoj osobi, ona ne mora da zna ko ste vi.

On samo treba da veruju da novac koji dobiju od vas nije falsifikat. Obično, proveravanje falsifikata „fizičkog“ novca, ljudi rade koristeći samo oči i prste ili koristeći specijalnu opremu za testiranje ukoliko se radi o značajnijoj sumi novca.

Većina plaćanja u našem digitalnom društvu vrši se putem Interneta korišćenjem neke posredničke usluge: kompanije za izdavanje kreditnih kartica poput Visa, snabdevača digitalnih plaćanja kao što je PayPal ili Apple Pay ili mrežne platforme poput WeChat u Kini.

Kretanje ka digitalnom plaćanju sa sobom donosi oslanjanje na nekog centralnog aktera koji mora odobriti i verifikovati svaku uplatu.

Priroda novca se promenila od fizičkog predmeta koji možete da nosite, prenesete i autentifikujete do digitalnih bitova koje mora da čuva i verifikuje treća strana koja kontroliše njihov prenos.

Odricanjem od gotovine u korist „udobnih“ digitalnih plaćanja, mi takođe stvaramo sistem u kome dajemo ogromna ovlašćenja onima koji bi poželeli da nas tlače.

Platforme za digitalno plaćanje postale su osnova distopijskih autoritarnih metoda kontrole, poput onih koje kineska vlada koristi za nadgledanje disidenata i sprečava građane, čije ponašanje im se ne svidja, da kupuju robu i plaćaju usluge.

Bitcoin nudi alternativu centralno kontrolisanom digitalnom novcu sa sistemom koji nam vraća prirodu korišćenja keša – čovek čoveku, ali u digitalnom obliku.

Bitcoin je digitalno sredstvo koje se izdaje i prenosi preko mreže međusobno povezanih računara, od koji svaki od njih samostalno potvrđuje da svi ostali igraju po pravilima.

Bitcoin Mreža

Odakle Potiče Bitcoin?

Bitcoin je izumela osoba ili grupa poznata pod pseudonimom Satoshi Nakamoto, oko 2008. godine.

Niko ne zna Satoshijev identitet, a koliko znamo, oni su nestali i o njima se godinama ništa nije čulo.

11.februara 2009. godine, Satoshi je pisao o ranoj verziji Bitcoin-a na mrežnom forumu za cypher­punkere, ljude koji rade na tehnologiji kriptografije i koji su zabrinuti za privatnost i slobodu pojedinca.

Iako ovo nije prvo zvanično objavljivanje Bitcoin-a, sadrži dobar rezime Satoshi-jevih motiva.

Razvio sam novi P2P sistem e-keša otvorenog koda pod nazivom Bitcoin. Potpuno je decentralizovan, bez centralnog servera ili pouzdanih stranki, jer se sve zasniva na kripto dokazima umesto na poverenju. […]

Osnovni problem konvencionalne valute je potpuno poverenje koje je potrebno za njeno funkcionisanje. Centralnoj banci se mora verovati da neće devalvirati valutu, ali istorija tradicionalnih valuta je puna primera kršenja tog poverenja. Bankama se mora verovati da drže naš novac i prenose ga elektronskim putem, ali one ga daju u talasima kreditnih balona sa delićem rezerve. Moramo im verovati sa našom privatnošću, verovati im da neće dozvoliti da kradljivci identiteta pokradu naše račune. Njihovi ogromni režijski troškovi onemogućavaju mikro plaćanja.

Generaciju ranije, višekorisnički time-sharing računarski sistemi imali su sličan problem. Pre pojave jake enkripcije, korisnici su morali da imaju pouzdanje u zaštitu lozinkom kako bi zaštitili svoje fajlove […]

Tada je jaka enkripcija postala dostupna širokim masama i više nije bilo potrebno poverenje. Podaci bi se mogli osigurati na način koji je fizički bio nemoguć za pristup drugima, bez obzira iz kog razloga, bez obzira koliko je dobar izgovor, bez obzira na sve.

Vreme je da imamo istu stvar za novac. Uz e-valutu zasnovanu na kriptografskom dokazu, bez potrebe da verujete posredniku treće strane, novac može biti siguran i transakcije mogu biti izvršene bez napora. […]

Rešenje Bitcoin-a je korišćenje peer-to-peer mreže za proveru dvostruke potrošnje. Ukratko, mreža radi poput distribuiranog servera vremenskih žigova, obeležavajući prvu transakciju koja je potrošila novčić. Potrebna je prednost prirode informacije koju je lako širiti, ali je teško ugušiti. Za detalje o tome kako to funkcioniše, pogledajte članak o dizajnu na bitcoin.org

Satoshi Nakamoto

Koje Probleme Rešava Bitcoin?

Razdvojimo neke od Satoshi-jevih postova kako bismo uvideli razloge njegove motivacije.

„Razvio sam novi P2P sistem e-keša otvorenog koda.“

P2P je skraćenica za peer to peer i ukazuje na sistem u kojem jedna osoba može da komunicira sa drugom bez ikoga u sredini, kao medjusobno jednaki.

Možete se setiti P2P tehnologija za razmenu datoteka poput Napster-a, Kazaa-e i BitTorrrent-a, koje su prve omogućile ljudima da dele muziku i filmove bez posrednika.

Satoshi je dizajnirao Bitcoin kako bi omogućio ljudima da razmenjuju e-keš, elektronski keš, bez prolaska preko posrednika na približno isti način.

Softver je otvorenog koda, što znači da svako može videti kako funkcioniše i doprineti tome.

Ne treba da verujemo ni u šta što je Satoshi napisao u svom postu o tome kako softver radi.

Možemo pogledati kod i sami proveriti kako to funkcioniše. Štaviše, možemo promeniti funkcionalnost sistema promenom koda.

„Potpuno je decentralizovan, bez centralnog servera ili pouzdanih stranki …“

Satoshi napominje da je sistem decentralizovan kako bi se razlikovao od sistema koji imaju centralnu kontrolu.

Prethodne pokušaje stvaranja digitalne gotovine poput DigiCash-a od strane Davida Chaum-a podržavao je centralni server, računar ili skup računara koji je bio odgovoran za izdavanje i verifikaciju plaćanja pod kontrolom jedne korporacije.

Takve, centralno kontrolisane privatne šeme novca, bile su osuđene na propast; ljudi se ne mogu osloniti na novac koji može nestati kada kompanija prestane sa poslovanjem, bude hakovana, pretrpi pad servera ili je zatvori vlada.

Bitcoin održava mreža pojedinaca i kompanija širom sveta.

Da bi se Bitcoin isključio, bilo bi potrebno isključiti desetine do stotine hiljada računara širom sveta u isto vreme, zauvek, od kojih su mnogi na nepoznatim lokacijama.

Bila bi to beznadežna igra, jer bi svaki napad ove prirode jednostavno podstakao stvaranje novih Bitcoin čvorova ili računara na mreži.

„… sve se zasniva na kripto dokazima umesto na poverenju“

Internet, a u stvari i većina savremenih računarskih sistema, izgrađeni su na kriptografiji, metodi prikrivanja informacija, tako da je može dekodirati samo primalac informacije.

Kako se Bitcoin oslobađa potrebe za poverenjem? Umesto da verujemo nekome ko kaže „Ja sam Alisa“ ili „Imam 10 $ na računu“, možemo koristiti kriptografsku matematiku da bismo izneli iste činjenice na način koji je vrlo lako verifikovati od strane primaoca dokaza ali ga je nemoguće falsifikovati.

Bitcoin u svom dizajnu koristi kriptografsku matematiku kako bi učesnicima omogućio da provere ponašanje svih ostalih učesnika, bez poverenja u bilo koju centralnu stranku.

„Moramo im verovati [bankama] sa našom privatnošću, verovati im da neće dozvoliti da kradljivci identiteta pokradu naše račune“

Za razliku od korišćenja vašeg bankovnog računa, sistema digitalnog plaćanja ili kreditne kartice, Bitcoin omogućava dvema stranama da obavljaju transakcije bez davanje bilo kakvih ličnih podataka.

Centralizovana skladišta potrošačkih podataka koji se čuvaju u bankama, kompanijama sa kreditnim karticama, procesorima plaćanja i vladama, predstavljaju pravu poslasticu za hakere.

Kao dokaz Satoshi-jeve poente služi primer iz 2017. godine kada je Equifax masovono kompromitovan, kada su hakeri ukrali identifikacione i finansijske podatke za više od 140 miliona ljudi.

Bitcoin odvaja finansijske transakcije od stvarnih identiteta.

Na kraju krajeva, kada nekome damo fizički novac, on nema potrebu da zna ko smo, niti treba da brinemo da će nakon naše razmene moći da iskoristi neke informacije koje smo mu dali da ukrade još našeg novca.

Zašto ne bismo očekivali isto, ili čak i bolje, od digitalnog novca?

„Centralnoj banci se mora verovati da neće devalvirati valutu, ali istorija tradicionalnih valuta je puna primera kršenja tog poverenja.“

Pojam tradicionalna valuta, odnosi se na valutu izdatu od strane vlade i centralne banke, koju vlada proglašava zakonskim sredstvom plaćanja.

Istorijski, novac je nastao od stvari koje je bilo teško proizvesti, koje su bile lake za proveravanje i transport, poput školjki, staklenih perli, srebra i zlata.

Kad god bi se nešto koristilo kao novac, postojalo je iskušenje da se stvori više toga.

Ako bi neko pronašao vrhunsku tehnologiju za brzo stvaranje velike količine nečega, ta stvar bi izgubila vrednost.

Evropski naseljenici uspeli su da liše afrički kontinent bogatstva trgujući staklenim perlicama koje su se lako proizvodile za ljudske robove.

Isto se dogodilo sa američkim indijancima, kada su kolonisti otkrili način brze proizvodnje vampum školjki, koje su starosedeoci smatrali retkim.

Vremenom, širom sveta ljudi su shvatili da je samo zlato dovoljno retko da deluje kao novac, bez straha da bi neko drugi mogao da ga stvori u velikim količinama.

Polako smo prešli sa svetske ekonomije koja je koristila zlato kao novac na onu gde su banke izdavale papirne sertifikate kao dokaz posedovanja tog zlata.

Nixon je okončao međunarodnu konvertibilnost američkog dolara u zlato 1971. godine, privremenim rešenjem, koje je ubrzo postalo trajno.

Kraj zlatnog standarda omogućio je vladama i centralnim bankama da imaju punu dozvolu da povećavaju novčanu masu po svojoj volji, razredjujući vrednost svake novčanice u opticaju, poznatije kao umanjenje vrednosti.

Iako je izdata od strane vlade, suštinska tradicionalna valuta je novac koji svi znamo i svakodnevno koristimo, ipak je relativno novo iskustvo u opsegu svetske istorije.

Moramo verovati našim vladama da ne zloupotrebljavaju njegovo štamparije, i ne treba nam puno muke da nadjemo primere kršenja tog poverenja.

U autokratskim i centralno planiranim režimima gde vlada ima prst direktno na mašini za novac, kao što je Venecuela, valuta je postala gotovo bezvredna.

Venecuelanski Bolivar prešao je sa 2 bolivara za 1 američki dolar, koliko je vredeo 2009. godine, na 250.000 bolivara za 1 američki dolar 2019. godine.

Pogledajte koliko novčanica je bilo potrebno za kupovinu piletine u Venecueli posle hiperinflacije.

Satoshi je želeo da ponudi alternativu tradicionalnoj valuti čija se ponuda uvek nepredvidivo širi.

Da bi sprečilo umanjenje vrednosti, Satoshi je dizajnirao novčani sistem gde je zaliha bila fiksna i izdavana po predvidljivoj i nepromenjivoj stopi.

Postojaće samo 21 milion Bitcoin-a.

Međutim, svaki Bitcoin se može podeliti na 100 miliona jedinica koje se sada nazivaju satoshis (sats-ovi), što će činiti ukupno 2,1 kvadriliona satoshi-a u opticaju oko 2140. godine.

Pre Bitcoin-a nije bilo moguće sprečiti beskrajnu reprodukciju digitalnih sredstava.

Kopirati digitalnu knjigu, audio datoteku ili video zapis i poslati ga prijatelju, je jeftino i lako.

Jedini izuzeci od toga su digitalna sredstva koja kontrolišu posrednici.

Na primer, kada iznajmite film sa iTunes-a, možete ga gledati na vašem uređaju samo zato što iTunes kontroliše distribuciju tog filma i može ga zaustaviti nakon perioda njegovog iznajmljivanja.

Slično tome, vaša banka kontroliše vaš digitalni novac. Zadatak banke je da vodi evidenciju koliko novca imate.

Ako ga prenesete nekom drugom, oni će odobriti ili odbiti takav prenos.

Bitcoin je prvi digitalni sistem koji sprovodi oskudicu bez posrednika i prvo je sredstvo poznato čovečanstvu čija je nepromenljiva ponuda i raspored izdavanja poznat unapred.

Ni plemeniti metali poput zlata nemaju ovo svojstvo, jer uvek možemo iskopati sve više i više zlata ukoliko je to isplativo.

Zamislite da otkrijemo asteroid koji sadrži deset puta više zlata nego što ga imamo na zemlji.

Šta bi se dogodilo sa cenom zlata uzimajući u obzir tako obilnu ponudu? Bitcoin je imun na takva otkrića i manipulisanje nabavkom.

Jednostavno je nemoguće proizvesti više od toga (21 miliona).

„Podaci bi se mogli osigurati na način koji je fizički bio nemoguć za pristup drugima, bez obzira iz kog razloga, bez obzira koliko je dobar izgovor, bez obzira na sve. […] Vreme je da imamo istu stvar za novac “

Naše trenutne metode obezbeđivanja novca, poput stavljanja u banku, oslanjaju se na poverenje nekome drugom da će obaviti taj posao.

Poverenje u takvog posrednika ne zahteva samo sigurnost da on neće učiniti nešto zlonamerno ili glupo, već i da vlada neće zapleniti ili zamrznuti vaša sredstva vršeći pritisak na ovog posrednika.

Međutim, videli smo bezbroj puta da vlade mogu, i zaista uskraćuju pristup novcu kada se osećaju ugroženo.

Nekom ko živi u Sjedinjenim Državama ili nekoj drugoj visoko regulisanoj ekonomiji možda zvuči glupo da razmišlja da se probudi sa oduzetim novcem, ali to se događa stalno.

PayPal mi je zamrzao sredstva jednostavno zato par meseci nisam koristio svoj račun.

Trebalo mi je više od nedelju dana da vratim pristup „svom“ novcu.

Srećan sam što živim u Europi, gde bih se bar mogao nadati da ću potražiti neko pravno rešenje ako mi PayPal zamrzne sredstva i gde imam osnovno poverenje da moja vlada i banka neće ukrasti moj novac.

Mnogo gore stvari su se dogodile, i trenutno se dešavaju, u zemljama sa manje slobode.

Banke su se zatvorile tokom kolapsa valuta u Grčkoj.

Banke na Kipru su koristile kaucije da konfiskuju sredstva od svojih klijenata.

Indijska vlada je proglasila određene novčanice bezvrednim.

Bivši SSSR, u kojem sam odrastao, imao je ekonomiju pod kontrolom vlade što je dovelo do ogromnih nestašica robe.

Bilo je nezakonito posedovati strane valute kao što je američki dolar.

Kada smo poželeli da odemo, mojoj porodici je bilo dozvoljeno da zameni samo ograničenu količinu novca po osobi za američke dolare po zvaničnom kursu koji je bio u velikoj meri različit od pravog kursa slobodnog tržišta.

U stvari, vlada nam je oduzela ono malo bogatstva koje smo imali koristeći gvozdeni stisak na ekonomiji i kretanju kapitala.

Autokratske zemlje imaju tendenciju da sprovode strogu ekonomsku kontrolu, sprečavajući ljude da na slobodnom tržištu povuku svoj novac iz banaka, iznesu ga iz zemlje ili da ga razmene u ne još uvek bezvredne valute poput američkog dolara.

To omogućava vladinoj slobodnoj vladavini da primeni sulude ekonomske eksperimente poput socijalističkog sistema SSSR-a.

Bitcoin se ne oslanja na poverenje u treću stranu da bi osigurao vaš novac.

Umesto toga, Bitcoin onemogućava drugima pristup vašim novčićima bez jedinstvenog ključa koji imate samo vi, bez obzira iz kog razloga, bez obzira koliko je dobar izgovor, bez obzira na sve.

Držeći Bitcoin, držite ključeve sopstvene finansijske slobode. Bitcoin razdvaja novac i državu

„Rešenje Bitcoin-a je korišćenje peer-to-peer mreže za proveru dvostruke potrošnje […] poput distribuiranog servera vremenskih žigova, obeležavajući prvu transakciju koja je potrošila novčić“

Mreža se odnosi na ideju da je gomila računara povezana i da mogu međusobno slati poruke.

Reč distribuirano znači da ne postoji centralna stranka koja kontroliše, već da svi učesnici koordiniraju medjusobno kako bi mreža bila uspešna.

U sistemu bez centralne kontrole, bitno je znati da niko ne vara. Ideja dvostruke potrošnje odnosi se na mogućnost trošenja istog novca dva puta.

Fizički novac odlazi iz vaše ruke kad ga potrošite. Međutim, digitalne transakcije se mogu kopirati baš kao muzika ili filmovi.

Kada novac šaljete preko banke, oni se pobrinu da isti novac ne možete da prebacujete dva puta.

U sistemu bez centralne kontrole potreban nam je način da sprečimo ovu vrstu dvostruke potrošnje, koja je u suštini ista kao i falsifikovanje novca.

Satoshi opisuje da učesnici u Bitcoin mreži rade zajedno kako bi vremenski označili (doveli u red) transakcije kako bismo znali šta je bilo prvo.

Zbog toga možemo odbiti sve buduće pokušaje trošenja istog novca.

Satoshi se uhvatio u koštac sa nekoliko zanimljivih tehničkih problema kako bi rešio probleme privatnosti, uništavanja vrednosti i centralne kontrole u ​​trenutnim monetarnim sistemima.

Na kraju je stvorio peer to peer mrežu kojoj se svako mogao pridružiti bez otkrivanja svog identiteta ili potrebe da veruje bilo kom drugom učesniku.

Kako se Bitcoin razvijao u poslednjoj deceniji?

Doprinosi izvornom kodu Bitcoina

Kada je Bitcoin pokrenut, samo nekolicina ljudi ga je koristila i pokrenula Bitcoin softver na svojim računarima za napajanje Bitcoin mreže.

Većina ljudi u to vreme mislila je da je to šala ili da će se otkriti ozbiljni nedostaci u dizajnu sistema koji će ga učiniti neizvodljivim.

Vremenom se mreži pridružilo sve više ljudi koji su pomoću svojih računara dodali sigurnost mreži.

Ljudi su počeli da menjaju Bitcoin-e za robu i usluge, dajući mu stvarnu vrednost. Pojavile su se menjačnice valuta koje su menjale Bitcoin-e za gotovo sve tradicionalne valute na svetu.

Deset godina nakon izuma, Bitcoin koriste milioni ljudi sa desetinama do stotinama hiljada čvorova koji pokreću besplatni Bitcoin softver, koji se razvija od strane stotina dobrovoljaca i kompanija širom sveta.

Bitcoin mreža je porasla kako bi obezbedila vrednost veću od stotine biliona dolara.

Računari koji učestvuju u zaštiti Bitcoin mreže poznati su kao rudari/majneri.

Oni rade u industrijskim operacijama širom sveta, ulažući milione dolara u specijalni rudarski hardver koji radi samo jedno: pobrinuti se da je Bitcoin najsigurnija mreža na planeti.

Rudari troše električnu energiju kako bi transakcije Bitcoin-a učinile sigurnim od modifikacija. Budući da se rudari međusobno takmiče za oskudan broj Bitcoin-a proizvedenih dnevno, oni uvek moraju da pronalaze najjeftinije izvore energije na planeti da bi ostali profitabilni.

Rudari rade na različitim mestima, od hidroelektrana u dalekim krajevima Kine do vetroparkova u Teksasu, do kanadskih naftnih polja koja proizvode gas koji bi u suprotnom bio odzračen ili spaljen u atmosferi.

Iako je Bitcoin popularna tema i o njemu se često raspravlja u medijima, procenjujemo da je samo nekoliko miliona ljudi na svetu počelo da redovno štedi Bitcoin.

Za mnoge ljude, posebno za one koji nikada nisu živeli pod represivnim režimima, ovaj izum novog oblika digitalnog novca izvan kontrole vlade može biti veoma izazovan za razumevanje i prihvatanje.

Zato sam ja ovde. Želim da vam pomognem da razumete Bitcoin i budete gospodar svoje budućnosti!

@ da8b7de1:c0164aee

Amerikai Nukleáris Fordulat és Pénzügyi hatások

Donald Trump elnök bejelentette, hogy végrehajtási rendeleteket ír alá a nukleáris energia fellendítésére . Ezek célja az új reaktorok engedélyezési folyamatának egyszerűsítése, az üzemanyag-ellátási láncok megerősítése, valamint a hazai ipar támogatása az orosz és kínai nyersanyagfüggőség csökkentése érdekében. A hír hatására az amerikai és globális nukleáris részvények jelentős emelkedést mutattak: az Uránium Energy 11%, a Centrus Energy 19,6%, az Oklo 16%, a Nano Nuclear 15%, a Nu Power 14,1%, a Global X Uranium ETF pedig 9%-kal erősödött . A növekvő energiaigény, különösen a mesterséges intelligencia által hajtott adatközpontok miatt, tovább növeli a nukleáris energia stratégiai szerepét az USA-ban .

Európai és Nemzetközi Nukleáris Fejlemények

Svédország parlamentje elfogadta az új állami támogatási keretrendszert, amely akár 5 000 MW új nukleáris kapacitás beruházását ösztönzi . Az intézkedés célja az áramárak stabilizálása, az ellátásbiztonság növelése és a zöld átmenet támogatása. A program keveri az állami hiteleket és a piaci árgaranciákat (CfD), a projektek finanszírozásában pedig a magántőke is részt vesz. A törvény 2025. augusztus 1-jén lép hatályba, a végrehajtás azonban még EU-jóváhagyásra vár .

Nukleáris Ellátási Lánc és Iparági Konferencia

Május 20–21-én Varsóban rendezték meg az első World Nuclear Supply Chain Conference-t, amelynek célja a globális nukleáris ellátási lánc megerősítése és bővítése . A konferencián elhangzottak szerint az iparág előtt álló kihívás a kapacitás gyors növelése, hiszen a cél a globális nukleáris kapacitás megháromszorozása 2050-ig. A World Nuclear Association legfrissebb elemzése szerint a következő 15 évben akár 2 billió dollár értékű beruházási lehetőség nyílhat a nemzetközi ellátási láncban . A rendezvényen kiemelték az innováció, a lokalizáció és az iparági együttműködés fontosságát, valamint a szállítási és geopolitikai kihívásokat is.

Új Projektek, Technológiai és Piaci Hírek

Az Egyesült Államokban a Tennessee Valley Authority (TVA) benyújtotta az első hivatalos engedélykérelmet egy BWRX-300 típusú kis moduláris reaktor (SMR) építésére a Clinch River telephelyen . Indiában a nukleáris hatóság jóváhagyta a Mahi Banswara Rajasthan Atomerőmű négy új blokkjának helyszínét . Kínában befejeződött a Haiyang 3 atomerőmű gőzturbinájának fő egységeinek telepítése . Belgiumban és Dániában is újraértékelik a nukleáris energia szerepét, míg Brazília Oroszországgal közös SMR-projektet tervez .

Iparági Trendek és Kilátások

A World Nuclear Association és az International Energy Agency (IEA) szerint a globális nukleáris energiatermelés 2025-ben minden korábbinál magasabb szintet érhet el, köszönhetően az új reaktorok üzembe helyezésének és a stabil, alacsony kibocsátású energiaforrások iránti növekvő igénynek . A nukleáris üzemanyag-ellátási lánc megerősítése, az uránbányászat, az átalakítás és a dúsítás bővítése, valamint a szállítási kapacitás fejlesztése mind kulcsfontosságú tényezők lesznek a következő években .

Hivatkozások

reuters.com
investopedia.com
nucnet.org
world-nuclear-news.org
world-nuclear.org

@ 04c915da:3dfbecc9

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

Small Wins

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

Ego is Volatile

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

Simplicity

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

The Big Picture

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

@ 6389be64:ef439d32

GA, plebs. The latest episode of Bitcoin And is out, and, as always, the chicanery is running rampant. Let’s break down the biggest topics I covered, and if you want the full, unfiltered rant, make sure to listen to the episode linked below.

House Democrats’ MEME Act: A Bad Joke?

House Democrats are proposing a bill to ban presidential meme coins, clearly aimed at Trump’s and Melania’s ill-advised token launches. While grifters launching meme coins is bad, this bill is just as ridiculous. If this legislation moves forward, expect a retaliatory strike exposing how politicians like Pelosi and Warren mysteriously amassed their fortunes. Will it pass? Doubtful. But it’s another sign of the government’s obsession with regulating everything except itself.

Senate Banking’s First Digital Asset Hearing: The Real Target Is You

Cynthia Lummis chaired the first digital asset hearing, and—surprise!—it was all about control. The discussion centered on stablecoins, AML, and KYC regulations, with witnesses suggesting Orwellian measures like freezing stablecoin transactions unless pre-approved by authorities. What was barely mentioned? Bitcoin. They want full oversight of stablecoins, which is really about controlling financial freedom. Expect more nonsense targeting self-custody wallets under the guise of stopping “bad actors.”

Bank of America and PayPal Want In on Stablecoins

Bank of America’s CEO openly stated they’ll launch a stablecoin as soon as regulation allows. Meanwhile, PayPal’s CEO paid for a hat using Bitcoin—not their own stablecoin, Pi USD. Why wouldn’t he use his own product? Maybe he knows stablecoins aren’t what they’re hyped up to be. Either way, the legacy financial system is gearing up to flood the market with stablecoins, not because they love crypto, but because it’s a tool to extend U.S. dollar dominance.

MetaPlanet Buys the Dip

Japan’s MetaPlanet issued $13.4M in bonds to buy more Bitcoin, proving once again that institutions see the writing on the wall. Unlike U.S. regulators who obsess over stablecoins, some companies are actually stacking sats.

UK Expands Crypto Seizure Powers

Across the pond, the UK government is pushing legislation to make it easier to seize and destroy crypto linked to criminal activity. While they frame it as going after the bad guys, it’s another move toward centralized control and financial surveillance.

Bitcoin Tools & Tech: Arc, SatoChip, and Nunchuk

Some bullish Bitcoin developments: ARC v0.5 is making Bitcoin’s second layer more efficient, SatoChip now supports Taproot and Nostr, and Nunchuk launched a group wallet with chat, making multisig collaboration easier.

The Bottom Line

The state is coming for financial privacy and control, and stablecoins are their weapon of choice. Bitcoiners need to stay focused, keep their coins in self-custody, and build out parallel systems. Expect more regulatory attacks, but don’t let them distract you—just keep stacking and transacting in ways they can’t control.

🎧 Listen to the full episode here: https://fountain.fm/episode/PYITCo18AJnsEkKLz2Ks

💰 Support the show by boosting sats on Podcasting 2.0! and I will see you on the other side.

@ d12614be:8ed99bc6

Test article 23.05.2025 2

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

@ 04c915da:3dfbecc9

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

Part One: 2029–2032

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

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

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

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

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

Time Jump: 2032–2047

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

Part Two: 2047

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

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

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

Key Differences

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

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

@ 6e0ea5d6:0327f353

"Malcolm Forbes recounts that a lady, wearing a faded cotton dress, and her husband, dressed in an old handmade suit, stepped off a train in Boston, USA, and timidly made their way to the office of the president of Harvard University. They had come from Palo Alto, California, and had not scheduled an appointment. The secretary, at a glance, thought that those two, looking like country bumpkins, had no business at Harvard.
— We want to speak with the president — the man said in a low voice.
— He will be busy all day — the secretary replied curtly.
— We will wait.
The secretary ignored them for hours, hoping the couple would finally give up and leave. But they stayed there, and the secretary, somewhat frustrated, decided to bother the president, although she hated doing that.
— If you speak with them for just a few minutes, maybe they will decide to go away — she said.
The president sighed in irritation but agreed. Someone of his importance did not have time to meet people like that, but he hated faded dresses and tattered suits in his office. With a stern face, he went to the couple.
— We had a son who studied at Harvard for a year — the woman said. — He loved Harvard and was very happy here, but a year ago he died in an accident, and we would like to erect a monument in his honor somewhere on campus.

— My lady — said the president rudely —, we cannot erect a statue for every person who studied at Harvard and died; if we did, this place would look like a cemetery.

— Oh, no — the lady quickly replied. — We do not want to erect a statue. We would like to donate a building to Harvard.

The president looked at the woman's faded dress and her husband's old suit and exclaimed:

— A building! Do you have even the faintest idea of how much a building costs? We have more than seven and a half million dollars' worth of buildings here at Harvard.

The lady was silent for a moment, then said to her husband:

— If that’s all it costs to found a university, why don’t we have our own?

The husband agreed.

The couple, Leland Stanford, stood up and left, leaving the president confused. Traveling back to Palo Alto, California, they established there Stanford University, the second-largest in the world, in honor of their son, a former Harvard student."

Text extracted from: "Mileumlivros - Stories that Teach Values."

Thank you for reading, my friend! If this message helped you in any way, consider leaving your glass “🥃” as a token of appreciation.

A toast to our family!

@ 0fa80bd3:ea7325de

intro

The Russian state made me a Bitcoiner. In 1991, it devalued my grandmother's hard-earned savings. She worked tirelessly in the kitchen of a dining car on the Moscow–Warsaw route. Everything she had saved for my sister and me to attend university vanished overnight. This story is similar to what many experienced, including Wences Casares. The pain and injustice of that time became my first lessons about the fragility of systems and the value of genuine, incorruptible assets, forever changing my perception of money and my trust in government promises.

In 2014, I was living in Moscow, running a trading business, and frequently traveling to China. One day, I learned about the Cypriot banking crisis and the possibility of moving money through some strange thing called Bitcoin. At the time, I didn’t give it much thought. Returning to the idea six months later, as a business-oriented geek, I eagerly began studying the topic and soon dove into it seriously.

I spent half a year reading articles on a local online journal, BitNovosti, actively participating in discussions, and eventually joined the editorial team as a translator. That’s how I learned about whitepapers, decentralization, mining, cryptographic keys, and colored coins. About Satoshi Nakamoto, Silk Road, Mt. Gox, and BitcoinTalk. Over time, I befriended the journal’s owner and, leveraging my management experience, later became an editor. I was drawn to the crypto-anarchist stance and commitment to decentralization principles. We wrote about the economic, historical, and social preconditions for Bitcoin’s emergence, and it was during this time that I fully embraced the idea.

It got to the point where I sold my apartment and, during the market's downturn, bought 50 bitcoins, just after the peak price of $1,200 per coin. That marked the beginning of my first crypto winter. As an editor, I organized workflows, managed translators, developed a YouTube channel, and attended conferences in Russia and Ukraine. That’s how I learned about Wences Casares and even wrote a piece about him. I also met Mikhail Chobanyan (Ukrainian exchange Kuna), Alexander Ivanov (Waves project), Konstantin Lomashuk (Lido project), and, of course, Vitalik Buterin. It was a time of complete immersion, 24/7, and boundless hope.

After moving to the United States, I expected the industry to grow rapidly, attended events, but the introduction of BitLicense froze the industry for eight years. By 2017, it became clear that the industry was shifting toward gambling and creating tokens for the sake of tokens. I dismissed this idea as unsustainable. Then came a new crypto spring with the hype around beautiful NFTs – CryptoPunks and apes.

I made another attempt – we worked on a series called Digital Nomad Country Club, aimed at creating a global project. The proceeds from selling images were intended to fund the development of business tools for people worldwide. However, internal disagreements within the team prevented us from completing the project.

With Trump’s arrival in 2025, hope was reignited. I decided that it was time to create a project that society desperately needed. As someone passionate about history, I understood that destroying what exists was not the solution, but leaving everything as it was also felt unacceptable. You can’t destroy the system, as the fiery crypto-anarchist voices claimed.

With an analytical mindset (IQ 130) and a deep understanding of the freest societies, I realized what was missing—not only in Russia or the United States but globally—a Bitcoin-native system for tracking debts and financial interactions. This could return control of money to ordinary people and create horizontal connections parallel to state systems. My goal was to create, if not a Bitcoin killer app, then at least to lay its foundation.

At the inauguration event in New York, I rediscovered the Nostr project. I realized it was not only technologically simple and already quite popular but also perfectly aligned with my vision. For the past month and a half, using insights and experience gained since 2014, I’ve been working full-time on this project.

@ 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)

@ eb0157af:77ab6c55

Banking giants JPMorgan, Bank of America, Citigroup, and Wells Fargo are in talks to develop a unified stablecoin solution.

According to the Wall Street Journal on May 22, some of the largest financial institutions in the United States are exploring the possibility of joining forces to launch a stablecoin.

Subsidiaries of JPMorgan, Bank of America, Citigroup, and Wells Fargo have initiated preliminary discussions for a joint stablecoin issuance, according to sources close to the matter cited by the WSJ. Also at the negotiating table are Early Warning Services, the parent company of the digital payments network Zelle, and the payment network Clearing House.

The talks are reportedly still in the early stages, and any final decision could change depending on regulatory developments and market demand for stablecoins.

Stablecoin regulation

On May 20, the US Senate voted 66 to 32 to advance discussion of the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), a specific law to regulate stablecoins. The bill outlines a regulatory framework for stablecoin collateralization and mandates compliance with anti-money laundering rules.

David Sacks, White House crypto advisor, expressed optimism about the bill’s bipartisan approval. However, senior Democratic Party officials intend to amend the bill to include a clause preventing former President Donald Trump and other US officials from profiting from stablecoins.

Demand for stablecoins has increased, with total market capitalization rising to $245 billion from $205 billion at the beginning of the year, a 20% increase.

The post Major US banks consider launching a joint stablecoin appeared first on Atlas21.

@ 21335073:a244b1ad

Warning: This piece contains a conversation about difficult topics. Please proceed with caution.

TL;DR please educate your children about online safety.

Julian Assange wrote in his 2012 book Cypherpunks, “This book is not a manifesto. There isn’t time for that. This book is a warning.” I read it a few times over the past summer. Those opening lines definitely stood out to me. I wish we had listened back then. He saw something about the internet that few had the ability to see. There are some individuals who are so close to a topic that when they speak, it’s difficult for others who aren’t steeped in it to visualize what they’re talking about. I didn’t read the book until more recently. If I had read it when it came out, it probably would have sounded like an unknown foreign language to me. Today it makes more sense.

This isn’t a manifesto. This isn’t a book. There is no time for that. It’s a warning and a possible solution from a desperate and determined survivor advocate who has been pulling and unraveling a thread for a few years. At times, I feel too close to this topic to make any sense trying to convey my pathway to my conclusions or thoughts to the general public. My hope is that if nothing else, I can convey my sense of urgency while writing this. This piece is a watchman’s warning.

When a child steps online, they are walking into a new world. A new reality. When you hand a child the internet, you are handing them possibilities—good, bad, and ugly. This is a conversation about lowering the potential of negative outcomes of stepping into that new world and how I came to these conclusions. I constantly compare the internet to the road. You wouldn’t let a young child run out into the road with no guidance or safety precautions. When you hand a child the internet without any type of guidance or safety measures, you are allowing them to play in rush hour, oncoming traffic. “Look left, look right for cars before crossing.” We almost all have been taught that as children. What are we taught as humans about safety before stepping into a completely different reality like the internet? Very little.

I could never really figure out why many folks in tech, privacy rights activists, and hackers seemed so cold to me while talking about online child sexual exploitation. I always figured that as a survivor advocate for those affected by these crimes, that specific, skilled group of individuals would be very welcoming and easy to talk to about such serious topics. I actually had one hacker laugh in my face when I brought it up while I was looking for answers. I thought maybe this individual thought I was accusing them of something I wasn’t, so I felt bad for asking. I was constantly extremely disappointed and would ask myself, “Why don’t they care? What could I say to make them care more? What could I say to make them understand the crisis and the level of suffering that happens as a result of the problem?”

I have been serving minor survivors of online child sexual exploitation for years. My first case serving a survivor of this specific crime was in 2018—a 13-year-old girl sexually exploited by a serial predator on Snapchat. That was my first glimpse into this side of the internet. I won a national award for serving the minor survivors of Twitter in 2023, but I had been working on that specific project for a few years. I was nominated by a lawyer representing two survivors in a legal battle against the platform. I’ve never really spoken about this before, but at the time it was a choice for me between fighting Snapchat or Twitter. I chose Twitter—or rather, Twitter chose me. I heard about the story of John Doe #1 and John Doe #2, and I was so unbelievably broken over it that I went to war for multiple years. I was and still am royally pissed about that case. As far as I was concerned, the John Doe #1 case proved that whatever was going on with corporate tech social media was so out of control that I didn’t have time to wait, so I got to work. It was reading the messages that John Doe #1 sent to Twitter begging them to remove his sexual exploitation that broke me. He was a child begging adults to do something. A passion for justice and protecting kids makes you do wild things. I was desperate to find answers about what happened and searched for solutions. In the end, the platform Twitter was purchased. During the acquisition, I just asked Mr. Musk nicely to prioritize the issue of detection and removal of child sexual exploitation without violating digital privacy rights or eroding end-to-end encryption. Elon thanked me multiple times during the acquisition, made some changes, and I was thanked by others on the survivors’ side as well.

I still feel that even with the progress made, I really just scratched the surface with Twitter, now X. I left that passion project when I did for a few reasons. I wanted to give new leadership time to tackle the issue. Elon Musk made big promises that I knew would take a while to fulfill, but mostly I had been watching global legislation transpire around the issue, and frankly, the governments are willing to go much further with X and the rest of corporate tech than I ever would. My work begging Twitter to make changes with easier reporting of content, detection, and removal of child sexual exploitation material—without violating privacy rights or eroding end-to-end encryption—and advocating for the minor survivors of the platform went as far as my principles would have allowed. I’m grateful for that experience. I was still left with a nagging question: “How did things get so bad with Twitter where the John Doe #1 and John Doe #2 case was able to happen in the first place?” I decided to keep looking for answers. I decided to keep pulling the thread.

I never worked for Twitter. This is often confusing for folks. I will say that despite being disappointed in the platform’s leadership at times, I loved Twitter. I saw and still see its value. I definitely love the survivors of the platform, but I also loved the platform. I was a champion of the platform’s ability to give folks from virtually around the globe an opportunity to speak and be heard.

I want to be clear that John Doe #1 really is my why. He is the inspiration. I am writing this because of him. He represents so many globally, and I’m still inspired by his bravery. One child’s voice begging adults to do something—I’m an adult, I heard him. I’d go to war a thousand more lifetimes for that young man, and I don’t even know his name. Fighting has been personally dark at times; I’m not even going to try to sugarcoat it, but it has been worth it.

The data surrounding the very real crime of online child sexual exploitation is available to the public online at any time for anyone to see. I’d encourage you to go look at the data for yourself. I believe in encouraging folks to check multiple sources so that you understand the full picture. If you are uncomfortable just searching around the internet for information about this topic, use the terms “CSAM,” “CSEM,” “SG-CSEM,” or “AI Generated CSAM.” The numbers don’t lie—it’s a nightmare that’s out of control. It’s a big business. The demand is high, and unfortunately, business is booming. Organizations collect the data, tech companies often post their data, governments report frequently, and the corporate press has covered a decent portion of the conversation, so I’m sure you can find a source that you trust.

Technology is changing rapidly, which is great for innovation as a whole but horrible for the crime of online child sexual exploitation. Those wishing to exploit the vulnerable seem to be adapting to each technological change with ease. The governments are so far behind with tackling these issues that as I’m typing this, it’s borderline irrelevant to even include them while speaking about the crime or potential solutions. Technology is changing too rapidly, and their old, broken systems can’t even dare to keep up. Think of it like the governments’ “War on Drugs.” Drugs won. In this case as well, the governments are not winning. The governments are talking about maybe having a meeting on potentially maybe having legislation around the crimes. The time to have that meeting would have been many years ago. I’m not advocating for governments to legislate our way out of this. I’m on the side of educating and innovating our way out of this.

I have been clear while advocating for the minor survivors of corporate tech platforms that I would not advocate for any solution to the crime that would violate digital privacy rights or erode end-to-end encryption. That has been a personal moral position that I was unwilling to budge on. This is an extremely unpopular and borderline nonexistent position in the anti-human trafficking movement and online child protection space. I’m often fearful that I’m wrong about this. I have always thought that a better pathway forward would have been to incentivize innovation for detection and removal of content. I had no previous exposure to privacy rights activists or Cypherpunks—actually, I came to that conclusion by listening to the voices of MENA region political dissidents and human rights activists. After developing relationships with human rights activists from around the globe, I realized how important privacy rights and encryption are for those who need it most globally. I was simply unwilling to give more power, control, and opportunities for mass surveillance to big abusers like governments wishing to enslave entire nations and untrustworthy corporate tech companies to potentially end some portion of abuses online. On top of all of it, it has been clear to me for years that all potential solutions outside of violating digital privacy rights to detect and remove child sexual exploitation online have not yet been explored aggressively. I’ve been disappointed that there hasn’t been more of a conversation around preventing the crime from happening in the first place.

What has been tried is mass surveillance. In China, they are currently under mass surveillance both online and offline, and their behaviors are attached to a social credit score. Unfortunately, even on state-run and controlled social media platforms, they still have child sexual exploitation and abuse imagery pop up along with other crimes and human rights violations. They also have a thriving black market online due to the oppression from the state. In other words, even an entire loss of freedom and privacy cannot end the sexual exploitation of children online. It’s been tried. There is no reason to repeat this method.

It took me an embarrassingly long time to figure out why I always felt a slight coldness from those in tech and privacy-minded individuals about the topic of child sexual exploitation online. I didn’t have any clue about the “Four Horsemen of the Infocalypse.” This is a term coined by Timothy C. May in 1988. I would have been a child myself when he first said it. I actually laughed at myself when I heard the phrase for the first time. I finally got it. The Cypherpunks weren’t wrong about that topic. They were so spot on that it is borderline uncomfortable. I was mad at first that they knew that early during the birth of the internet that this issue would arise and didn’t address it. Then I got over it because I realized that it wasn’t their job. Their job was—is—to write code. Their job wasn’t to be involved and loving parents or survivor advocates. Their job wasn’t to educate children on internet safety or raise awareness; their job was to write code.

They knew that child sexual abuse material would be shared on the internet. They said what would happen—not in a gleeful way, but a prediction. Then it happened.

I equate it now to a concrete company laying down a road. As you’re pouring the concrete, you can say to yourself, “A terrorist might travel down this road to go kill many, and on the flip side, a beautiful child can be born in an ambulance on this road.” Who or what travels down the road is not their responsibility—they are just supposed to lay the concrete. I’d never go to a concrete pourer and ask them to solve terrorism that travels down roads. Under the current system, law enforcement should stop terrorists before they even make it to the road. The solution to this specific problem is not to treat everyone on the road like a terrorist or to not build the road.

So I understand the perceived coldness from those in tech. Not only was it not their job, but bringing up the topic was seen as the equivalent of asking a free person if they wanted to discuss one of the four topics—child abusers, terrorists, drug dealers, intellectual property pirates, etc.—that would usher in digital authoritarianism for all who are online globally.

Privacy rights advocates and groups have put up a good fight. They stood by their principles. Unfortunately, when it comes to corporate tech, I believe that the issue of privacy is almost a complete lost cause at this point. It’s still worth pushing back, but ultimately, it is a losing battle—a ticking time bomb.

I do think that corporate tech providers could have slowed down the inevitable loss of privacy at the hands of the state by prioritizing the detection and removal of CSAM when they all started online. I believe it would have bought some time, fewer would have been traumatized by that specific crime, and I do believe that it could have slowed down the demand for content. If I think too much about that, I’ll go insane, so I try to push the “if maybes” aside, but never knowing if it could have been handled differently will forever haunt me. At night when it’s quiet, I wonder what I would have done differently if given the opportunity. I’ll probably never know how much corporate tech knew and ignored in the hopes that it would go away while the problem continued to get worse. They had different priorities. The most voiceless and vulnerable exploited on corporate tech never had much of a voice, so corporate tech providers didn’t receive very much pushback.

Now I’m about to say something really wild, and you can call me whatever you want to call me, but I’m going to say what I believe to be true. I believe that the governments are either so incompetent that they allowed the proliferation of CSAM online, or they knowingly allowed the problem to fester long enough to have an excuse to violate privacy rights and erode end-to-end encryption. The US government could have seized the corporate tech providers over CSAM, but I believe that they were so useful as a propaganda arm for the regimes that they allowed them to continue virtually unscathed.

That season is done now, and the governments are making the issue a priority. It will come at a high cost. Privacy on corporate tech providers is virtually done as I’m typing this. It feels like a death rattle. I’m not particularly sure that we had much digital privacy to begin with, but the illusion of a veil of privacy feels gone.

To make matters slightly more complex, it would be hard to convince me that once AI really gets going, digital privacy will exist at all.

I believe that there should be a conversation shift to preserving freedoms and human rights in a post-privacy society.

I don’t want to get locked up because AI predicted a nasty post online from me about the government. I’m not a doomer about AI—I’m just going to roll with it personally. I’m looking forward to the positive changes that will be brought forth by AI. I see it as inevitable. A bit of privacy was helpful while it lasted. Please keep fighting to preserve what is left of privacy either way because I could be wrong about all of this.

On the topic of AI, the addition of AI to the horrific crime of child sexual abuse material and child sexual exploitation in multiple ways so far has been devastating. It’s currently out of control. The genie is out of the bottle. I am hopeful that innovation will get us humans out of this, but I’m not sure how or how long it will take. We must be extremely cautious around AI legislation. It should not be illegal to innovate even if some bad comes with the good. I don’t trust that the governments are equipped to decide the best pathway forward for AI. Source: the entire history of the government.

I have been personally negatively impacted by AI-generated content. Every few days, I get another alert that I’m featured again in what’s called “deep fake pornography” without my consent. I’m not happy about it, but what pains me the most is the thought that for a period of time down the road, many globally will experience what myself and others are experiencing now by being digitally sexually abused in this way. If you have ever had your picture taken and posted online, you are also at risk of being exploited in this way. Your child’s image can be used as well, unfortunately, and this is just the beginning of this particular nightmare. It will move to more realistic interpretations of sexual behaviors as technology improves. I have no brave words of wisdom about how to deal with that emotionally. I do have hope that innovation will save the day around this specific issue. I’m nervous that everyone online will have to ID verify due to this issue. I see that as one possible outcome that could help to prevent one problem but inadvertently cause more problems, especially for those living under authoritarian regimes or anyone who needs to remain anonymous online. A zero-knowledge proof (ZKP) would probably be the best solution to these issues. There are some survivors of violence and/or sexual trauma who need to remain anonymous online for various reasons. There are survivor stories available online of those who have been abused in this way. I’d encourage you seek out and listen to their stories.

There have been periods of time recently where I hesitate to say anything at all because more than likely AI will cover most of my concerns about education, awareness, prevention, detection, and removal of child sexual exploitation online, etc.

Unfortunately, some of the most pressing issues we’ve seen online over the last few years come in the form of “sextortion.” Self-generated child sexual exploitation (SG-CSEM) numbers are continuing to be terrifying. I’d strongly encourage that you look into sextortion data. AI + sextortion is also a huge concern. The perpetrators are using the non-sexually explicit images of children and putting their likeness on AI-generated child sexual exploitation content and extorting money, more imagery, or both from minors online. It’s like a million nightmares wrapped into one. The wild part is that these issues will only get more pervasive because technology is harnessed to perpetuate horror at a scale unimaginable to a human mind.

Even if you banned phones and the internet or tried to prevent children from accessing the internet, it wouldn’t solve it. Child sexual exploitation will still be with us until as a society we start to prevent the crime before it happens. That is the only human way out right now.

There is no reset button on the internet, but if I could go back, I’d tell survivor advocates to heed the warnings of the early internet builders and to start education and awareness campaigns designed to prevent as much online child sexual exploitation as possible. The internet and technology moved quickly, and I don’t believe that society ever really caught up. We live in a world where a child can be groomed by a predator in their own home while sitting on a couch next to their parents watching TV. We weren’t ready as a species to tackle the fast-paced algorithms and dangers online. It happened too quickly for parents to catch up. How can you parent for the ever-changing digital world unless you are constantly aware of the dangers?

I don’t think that the internet is inherently bad. I believe that it can be a powerful tool for freedom and resistance. I’ve spoken a lot about the bad online, but there is beauty as well. We often discuss how victims and survivors are abused online; we rarely discuss the fact that countless survivors around the globe have been able to share their experiences, strength, hope, as well as provide resources to the vulnerable. I do question if giving any government or tech company access to censorship, surveillance, etc., online in the name of serving survivors might not actually impact a portion of survivors negatively. There are a fair amount of survivors with powerful abusers protected by governments and the corporate press. If a survivor cannot speak to the press about their abuse, the only place they can go is online, directly or indirectly through an independent journalist who also risks being censored. This scenario isn’t hard to imagine—it already happened in China. During #MeToo, a survivor in China wanted to post their story. The government censored the post, so the survivor put their story on the blockchain. I’m excited that the survivor was creative and brave, but it’s terrifying to think that we live in a world where that situation is a necessity.

I believe that the future for many survivors sharing their stories globally will be on completely censorship-resistant and decentralized protocols. This thought in particular gives me hope. When we listen to the experiences of a diverse group of survivors, we can start to understand potential solutions to preventing the crimes from happening in the first place.

My heart is broken over the gut-wrenching stories of survivors sexually exploited online. Every time I hear the story of a survivor, I do think to myself quietly, “What could have prevented this from happening in the first place?” My heart is with survivors.

My head, on the other hand, is full of the understanding that the internet should remain free. The free flow of information should not be stopped. My mind is with the innocent citizens around the globe that deserve freedom both online and offline.

The problem is that governments don’t only want to censor illegal content that violates human rights—they create legislation that is so broad that it can impact speech and privacy of all. “Don’t you care about the kids?” Yes, I do. I do so much that I’m invested in finding solutions. I also care about all citizens around the globe that deserve an opportunity to live free from a mass surveillance society. If terrorism happens online, I should not be punished by losing my freedom. If drugs are sold online, I should not be punished. I’m not an abuser, I’m not a terrorist, and I don’t engage in illegal behaviors. I refuse to lose freedom because of others’ bad behaviors online.

I want to be clear that on a long enough timeline, the governments will decide that they can be better parents/caregivers than you can if something isn’t done to stop minors from being sexually exploited online. The price will be a complete loss of anonymity, privacy, free speech, and freedom of religion online. I find it rather insulting that governments think they’re better equipped to raise children than parents and caretakers.

So we can’t go backwards—all that we can do is go forward. Those who want to have freedom will find technology to facilitate their liberation. This will lead many over time to decentralized and open protocols. So as far as I’m concerned, this does solve a few of my worries—those who need, want, and deserve to speak freely online will have the opportunity in most countries—but what about online child sexual exploitation?

When I popped up around the decentralized space, I was met with the fear of censorship. I’m not here to censor you. I don’t write code. I couldn’t censor anyone or any piece of content even if I wanted to across the internet, no matter how depraved. I don’t have the skills to do that.

I’m here to start a conversation. Freedom comes at a cost. You must always fight for and protect your freedom. I can’t speak about protecting yourself from all of the Four Horsemen because I simply don’t know the topics well enough, but I can speak about this one topic.

If there was a shortcut to ending online child sexual exploitation, I would have found it by now. There isn’t one right now. I believe that education is the only pathway forward to preventing the crime of online child sexual exploitation for future generations.

I propose a yearly education course for every child of all school ages, taught as a standard part of the curriculum. Ideally, parents/caregivers would be involved in the education/learning process.

Course: - The creation of the internet and computers - The fight for cryptography - The tech supply chain from the ground up (example: human rights violations in the supply chain) - Corporate tech - Freedom tech - Data privacy - Digital privacy rights - AI (history-current) - Online safety (predators, scams, catfishing, extortion) - Bitcoin - Laws - How to deal with online hate and harassment - Information on who to contact if you are being abused online or offline - Algorithms - How to seek out the truth about news, etc., online

The parents/caregivers, homeschoolers, unschoolers, and those working to create decentralized parallel societies have been an inspiration while writing this, but my hope is that all children would learn this course, even in government ran schools. Ideally, parents would teach this to their own children.

The decentralized space doesn’t want child sexual exploitation to thrive. Here’s the deal: there has to be a strong prevention effort in order to protect the next generation. The internet isn’t going anywhere, predators aren’t going anywhere, and I’m not down to let anyone have the opportunity to prove that there is a need for more government. I don’t believe that the government should act as parents. The governments have had a chance to attempt to stop online child sexual exploitation, and they didn’t do it. Can we try a different pathway forward?

I’d like to put myself out of a job. I don’t want to ever hear another story like John Doe #1 ever again. This will require work. I’ve often called online child sexual exploitation the lynchpin for the internet. It’s time to arm generations of children with knowledge and tools. I can’t do this alone.

Individuals have fought so that I could have freedom online. I want to fight to protect it. I don’t want child predators to give the government any opportunity to take away freedom. Decentralized spaces are as close to a reset as we’ll get with the opportunity to do it right from the start. Start the youth off correctly by preventing potential hazards to the best of your ability.

The good news is anyone can work on this! I’d encourage you to take it and run with it. I added the additional education about the history of the internet to make the course more educational and fun. Instead of cleaning up generations of destroyed lives due to online sexual exploitation, perhaps this could inspire generations of those who will build our futures. Perhaps if the youth is armed with knowledge, they can create more tools to prevent the crime.

This one solution that I’m suggesting can be done on an individual level or on a larger scale. It should be adjusted depending on age, learning style, etc. It should be fun and playful.

This solution does not address abuse in the home or some of the root causes of offline child sexual exploitation. My hope is that it could lead to some survivors experiencing abuse in the home an opportunity to disclose with a trusted adult. The purpose for this solution is to prevent the crime of online child sexual exploitation before it occurs and to arm the youth with the tools to contact safe adults if and when it happens.

In closing, I went to hell a few times so that you didn’t have to. I spoke to the mothers of survivors of minors sexually exploited online—their tears could fill rivers. I’ve spoken with political dissidents who yearned to be free from authoritarian surveillance states. The only balance that I’ve found is freedom online for citizens around the globe and prevention from the dangers of that for the youth. Don’t slow down innovation and freedom. Educate, prepare, adapt, and look for solutions.

I’m not perfect and I’m sure that there are errors in this piece. I hope that you find them and it starts a conversation.

@ e3ba5e1a:5e433365

My favorite line in any Marvel movie ever is in “Captain America.” After Captain America launches seemingly a hopeless assault on Red Skull’s base and is captured, we get this line:

“Arrogance may not be a uniquely American trait, but I must say, you do it better than anyone.”

Yesterday, I came across a comment on the song Devil Went Down to Georgia that had a very similar feel to it:

America has seemingly always been arrogant, in a uniquely American way. Manifest Destiny, for instance. The rest of the world is aware of this arrogance, and mocks Americans for it. A central point in modern US politics is the deriding of racist, nationalist, supremacist Americans.

That’s not what I see. I see American Arrogance as not only a beautiful statement about what it means to be American. I see it as an ode to the greatness of humanity in its purest form.

For most countries, saying “our nation is the greatest” is, in fact, twinged with some level of racism. I still don’t have a problem with it. Every group of people should be allowed to feel pride in their accomplishments. The destruction of the human spirit since the end of World War 2, where greatness has become a sin and weakness a virtue, has crushed the ability of people worldwide to strive for excellence.

But I digress. The fears of racism and nationalism at least have a grain of truth when applied to other nations on the planet. But not to America.

That’s because the definition of America, and the prototype of an American, has nothing to do with race. The definition of Americanism is freedom. The founding of America is based purely on liberty. On the God-given rights of every person to live life the way they see fit.

American Arrogance is not a statement of racial superiority. It’s barely a statement of national superiority (though it absolutely is). To me, when an American comments on the greatness of America, it’s a statement about freedom. Freedom will always unlock the greatness inherent in any group of people. Americans are definitionally better than everyone else, because Americans are freer than everyone else. (Or, at least, that’s how it should be.)

In Devil Went Down to Georgia, Johnny is approached by the devil himself. He is challenged to a ridiculously lopsided bet: a golden fiddle versus his immortal soul. He acknowledges the sin in accepting such a proposal. And yet he says, “God, I know you told me not to do this. But I can’t stand the affront to my honor. I am the greatest. The devil has nothing on me. So God, I’m gonna sin, but I’m also gonna win.”

Libertas magnitudo est

@ 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].

@ 21335073:a244b1ad

I want to see Nostr succeed. If you can think of a way I can help make that happen, I’m open to it. I’d like your suggestions.

My schedule’s shifting soon, and I could volunteer a few hours a week to a Nostr project. I won’t have more total time, but how I use it will change.

Why help? I care about freedom. Nostr’s one of the most powerful freedom tools I’ve seen in my lifetime. If I believe that, I should act on it.

I don’t care about money or sats. I’m not rich, I don’t have extra cash. That doesn’t drive me—freedom does. I’m volunteering, not asking for pay.

I’m not here for clout. I’ve had enough spotlight in my life; it doesn’t move me. If I wanted clout, I’d be on Twitter dropping basic takes. Clout’s easy. Freedom’s hard. I’d rather help anonymously. No speaking at events—small meetups are cool for the vibe, but big conferences? Not my thing. I’ll never hit a huge Bitcoin conference. It’s just not my scene.

That said, I could be convinced to step up if it’d really boost Nostr—as long as it’s legal and gets results.

In this space, I’d watch for social engineering. I watch out for it. I’m not here to make friends, just to help. No shade—you all seem great—but I’ve got a full life and awesome friends irl. I don’t need your crew or to be online cool. Connect anonymously if you want; I’d encourage it.

I’m sick of watching other social media alternatives grow while Nostr kinda stalls. I could trash-talk, but I’d rather do something useful.

Skills? I’m good at spotting social media problems and finding possible solutions. I won’t overhype myself—that’s weird—but if you’re responding, you probably see something in me. Perhaps you see something that I don’t see in myself.

If you need help now or later with Nostr projects, reach out. Nostr only—nothing else. Anonymous contact’s fine. Even just a suggestion on how I can pitch in, no project attached, works too. 💜

Creeps or harassment will get blocked or I’ll nuke my simplex code if it becomes a problem.

https://simplex.chat/contact#/?v=2-4&smp=smp%3A%2F%2FSkIkI6EPd2D63F4xFKfHk7I1UGZVNn6k1QWZ5rcyr6w%3D%40smp9.simplex.im%2FbI99B3KuYduH8jDr9ZwyhcSxm2UuR7j0%23%2F%3Fv%3D1-2%26dh%3DMCowBQYDK2VuAyEAS9C-zPzqW41PKySfPCEizcXb1QCus6AyDkTTjfyMIRM%253D%26srv%3Djssqzccmrcws6bhmn77vgmhfjmhwlyr3u7puw4erkyoosywgl67slqqd.onion

@ daa41bed:88f54153

There has been a good bit of discussion on Nostr over the past few days about the merits of zaps as a method of engaging with notes, so after writing a rather lengthy article on the pros of a strategic Bitcoin reserve, I wanted to take some time to chime in on the much more fun topic of digital engagement.

Let's begin by defining a couple of things:

Nostr is a decentralized, censorship-resistance protocol whose current biggest use case is social media (think Twitter/X). Instead of relying on company servers, it relies on relays that anyone can spin up and own their own content. Its use cases are much bigger, though, and this article is hosted on my own relay, using my own Nostr relay as an example.

Zap is a tip or donation denominated in sats (small units of Bitcoin) sent from one user to another. This is generally done directly over the Lightning Network but is increasingly using Cashu tokens. For the sake of this discussion, how you transmit/receive zaps will be irrelevant, so don't worry if you don't know what Lightning or Cashu are.

If we look at how users engage with posts and follows/followers on platforms like Twitter, Facebook, etc., it becomes evident that traditional social media thrives on engagement farming. The more outrageous a post, the more likely it will get a reaction. We see a version of this on more visual social platforms like YouTube and TikTok that use carefully crafted thumbnail images to grab the user's attention to click the video. If you'd like to dive deep into the psychology and science behind social media engagement, let me know, and I'd be happy to follow up with another article.

In this user engagement model, a user is given the option to comment or like the original post, or share it among their followers to increase its signal. They receive no value from engaging with the content aside from the dopamine hit of the original experience or having their comment liked back by whatever influencer they provide value to. Ad revenue flows to the content creator. Clout flows to the content creator. Sales revenue from merch and content placement flows to the content creator. We call this a linear economy -- the idea that resources get created, used up, then thrown away. Users create content and farm as much engagement as possible, then the content is forgotten within a few hours as they move on to the next piece of content to be farmed.

What if there were a simple way to give value back to those who engage with your content? By implementing some value-for-value model -- a circular economy. Enter zaps.

Unlike traditional social media platforms, Nostr does not actively use algorithms to determine what content is popular, nor does it push content created for active user engagement to the top of a user's timeline. Yes, there are "trending" and "most zapped" timelines that users can choose to use as their default, but these use relatively straightforward engagement metrics to rank posts for these timelines.

That is not to say that we may not see clients actively seeking to refine timeline algorithms for specific metrics. Still, the beauty of having an open protocol with media that is controlled solely by its users is that users who begin to see their timeline gamed towards specific algorithms can choose to move to another client, and for those who are more tech-savvy, they can opt to run their own relays or create their own clients with personalized algorithms and web of trust scoring systems.

Zaps enable the means to create a new type of social media economy in which creators can earn for creating content and users can earn by actively engaging with it. Like and reposting content is relatively frictionless and costs nothing but a simple button tap. Zaps provide active engagement because they signal to your followers and those of the content creator that this post has genuine value, quite literally in the form of money—sats.

I have seen some comments on Nostr claiming that removing likes and reactions is for wealthy people who can afford to send zaps and that the majority of people in the US and around the world do not have the time or money to zap because they have better things to spend their money like feeding their families and paying their bills. While at face value, these may seem like valid arguments, they, unfortunately, represent the brainwashed, defeatist attitude that our current economic (and, by extension, social media) systems aim to instill in all of us to continue extracting value from our lives.

Imagine now, if those people dedicating their own time (time = money) to mine pity points on social media would instead spend that time with genuine value creation by posting content that is meaningful to cultural discussions. Imagine if, instead of complaining that their posts get no zaps and going on a tirade about how much of a victim they are, they would empower themselves to take control of their content and give value back to the world; where would that leave us? How much value could be created on a nascent platform such as Nostr, and how quickly could it overtake other platforms?

Other users argue about user experience and that additional friction (i.e., zaps) leads to lower engagement, as proven by decades of studies on user interaction. While the added friction may turn some users away, does that necessarily provide less value? I argue quite the opposite. You haven't made a few sats from zaps with your content? Can't afford to send some sats to a wallet for zapping? How about using the most excellent available resource and spending 10 seconds of your time to leave a comment? Likes and reactions are valueless transactions. Social media's real value derives from providing monetary compensation and actively engaging in a conversation with posts you find interesting or thought-provoking. Remember when humans thrived on conversation and discussion for entertainment instead of simply being an onlooker of someone else's life?

If you've made it this far, my only request is this: try only zapping and commenting as a method of engagement for two weeks. Sure, you may end up liking a post here and there, but be more mindful of how you interact with the world and break yourself from blind instinct. You'll thank me later.

@ 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.

---

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. ⚡

@ 9bcc5462:eb501d90

Every generation loves to learn. However, our public schooling system has gone as far as it can take us. The abundance of easily accessible information on the internet, coupled with emerging tech like AI, decentralized protocols and bitcoin, means this is our time to innovate our learning infrastructure. A complete overhaul is due along with the development of a pilot program to test new and unconventional models.

Let’s carve a path towards innovation by sparking discussion around this topic. Hence, this blueprint. It is a gauntlet for any person who genuinely wants to become a stakeholder for our country’s future. Entry points are:

• Builders—Startups, developers and investors who will fund and create infrastructure.
• Practitioners—Educators and researchers who will test models.
• Supporters—Parents, donors and community members who want to contribute.

Where Do We Begin?

Let’s think about crafting the main components of a new pilot model. Below are suggested areas of focus:

• DEFINITION
• APPROACH
• PHILOSOPHY
• CULTURE
• PHYSICAL DESIGN
• OPERATIONAL ORGANIZATION
• ACCOUNTABILITY METHODS
• RISKS & CHALLENGES
• STYLE
• STAKEHOLDERS

How It Works

After researching your pedagogical ideas for current and future generations of scholars, it’s time to share your insights. Contribute  your viewpoint by structuring a blueprint—one page per section—in the following sequence:

• Definition of your modern learning model with its key principles.
• Description of the core learning approach.
• Philosophy distilled into central concepts that will orient stakeholders.
• Culture your modern learning model aspires to live by.
• Potential challenges, risks and drawbacks.
• Design of physical spaces and rationale.
• Operational framework detailing adult and child learning organization.
• Accountability methods to ensure skill growth and competency.
• Style development and name of your model.
• Skin in the game, sign your model with your first and last name (unite stakeholders).

Perhaps if enough stakeholders come together, we can begin to actualize a more effective and updated way of learning. This is a challenge meant to separate those willing to engage in discourse, planning and laying foundations from those content to complain from the sidelines.

Why Now and Where Does the Money Come From?

After being a public educator for fifteen years, I learned you will not change the system, the system will change you. It’s time to design and build above and apart from the current model. 2025 is when courageous people step up to the plate and discuss our learning infrastructure. Whether it’s contributing out of the box thinking, modernizing curriculum, investing in startups or creating your own venture; there is no greater time than now. And no greater place than in the USA!

(By extension, we also create the opportunity to influence our global allies including our neighbors to the North and South.)

“But how!?” Learning Producers is figuring it out by asking not, “how?” but “who?” Who will unite together to develop our learning infrastructure? If you decide you want to participate and join our efforts, share your blueprint as well. For all stakeholders, this is an investment in an untapped market of a new learning economy.

If not, you’re not alone. Some consider this just rhetoric, idealism, or wishful thinking. Additionally, it is unclear how such actions can be profitable or how such infrastructure building will be funded. Money talks. Bullshit walks, right? In that case, let’s talk, and let’s fine tune our BS detectors. Onward, with this call to action:

• Share your own blueprint online or reach out to Learning Producers, Inc. (Learningproducers.com).
• Conduct research on an ideal location and team to lay foundations on a pilot program at small scale.
• Engage in dialogue with investors interested in developing learning infrastructure for their own children and families.
• Secure stakeholders to develop and test a real world pilot model (real location, real agreements, real timeline, real people).
• Sponsor or donate resources to counter concerns over funding.

Now, we leave you with our blueprint:

PEDAGOGICAL WABI-SABI

We hope you enjoy it.

Sincerely,

Israel Hernandez

Founder of Learning Producers

**[Read or download full blueprint here: https://www.learningproducers.com/blog/pedagogical-wabi-sabiblueprint-for-developing-learning-infrastructure ]

@ 94a6a78a:0ddf320e

Nostr is a revolutionary protocol that enables decentralized, censorship-resistant communication. Unlike traditional social networks controlled by corporations, Nostr operates without central servers or gatekeepers. This openness makes it incredibly powerful—but also means its success depends entirely on users, developers, and relay operators.

If you believe in free speech, decentralization, and an open internet, there are many ways to support and strengthen the Nostr ecosystem. Whether you're a casual user, a developer, or someone looking to contribute financially, every effort helps build a more robust network.

Here’s how you can get involved and make a difference.

---

1️⃣ Use Nostr Daily

The simplest and most effective way to contribute to Nostr is by using it regularly. The more active users, the stronger and more valuable the network becomes.

✅ Post, comment, and zap (send micro-payments via Bitcoin’s Lightning Network) to keep conversations flowing.\ ✅ Engage with new users and help them understand how Nostr works.\ ✅ Try different Nostr clients like Damus, Amethyst, Snort, or Primal and provide feedback to improve the experience.

Your activity keeps the network alive and helps encourage more developers and relay operators to invest in the ecosystem.

---

2️⃣ Run Your Own Nostr Relay

Relays are the backbone of Nostr, responsible for distributing messages across the network. The more independent relays exist, the stronger and more censorship-resistant Nostr becomes.

✅ Set up your own relay to help decentralize the network further.\ ✅ Experiment with relay configurations and different performance optimizations.\ ✅ Offer public or private relay services to users looking for high-quality infrastructure.

If you're not technical, you can still support relay operators by subscribing to a paid relay or donating to open-source relay projects.

---

3️⃣ Support Paid Relays & Infrastructure

Free relays have helped Nostr grow, but they struggle with spam, slow speeds, and sustainability issues. Paid relays help fund better infrastructure, faster message delivery, and a more reliable experience.

✅ Subscribe to a paid relay to help keep it running.\ ✅ Use premium services like media hosting (e.g., Azzamo Blossom) to decentralize content storage.\ ✅ Donate to relay operators who invest in long-term infrastructure.

By funding Nostr’s decentralized backbone, you help ensure its longevity and reliability.

---

4️⃣ Zap Developers, Creators & Builders

Many people contribute to Nostr without direct financial compensation—developers who build clients, relay operators, educators, and content creators. You can support them with zaps! ⚡

✅ Find developers working on Nostr projects and send them a zap.\ ✅ Support content creators and educators who spread awareness about Nostr.\ ✅ Encourage builders by donating to open-source projects.

Micro-payments via the Lightning Network make it easy to directly support the people who make Nostr better.

---

5️⃣ Develop New Nostr Apps & Tools

If you're a developer, you can build on Nostr’s open protocol to create new apps, bots, or tools. Nostr is permissionless, meaning anyone can develop for it.

✅ Create new Nostr clients with unique features and user experiences.\ ✅ Build bots or automation tools that improve engagement and usability.\ ✅ Experiment with decentralized identity, authentication, and encryption to make Nostr even stronger.

With no corporate gatekeepers, your projects can help shape the future of decentralized social media.

---

6️⃣ Promote & Educate Others About Nostr

Adoption grows when more people understand and use Nostr. You can help by spreading awareness and creating educational content.

✅ Write blogs, guides, and tutorials explaining how to use Nostr.\ ✅ Make videos or social media posts introducing new users to the protocol.\ ✅ Host discussions, Twitter Spaces, or workshops to onboard more people.

The more people understand and trust Nostr, the stronger the ecosystem becomes.

---

7️⃣ Support Open-Source Nostr Projects

Many Nostr tools and clients are built by volunteers, and open-source projects thrive on community support.

✅ Contribute code to existing Nostr projects on GitHub.\ ✅ Report bugs and suggest features to improve Nostr clients.\ ✅ Donate to developers who keep Nostr free and open for everyone.

If you're not a developer, you can still help with testing, translations, and documentation to make projects more accessible.

---

🚀 Every Contribution Strengthens Nostr

Whether you:

✔️ Post and engage daily\ ✔️ Zap creators and developers\ ✔️ Run or support relays\ ✔️ Build new apps and tools\ ✔️ Educate and onboard new users

Every action helps make Nostr more resilient, decentralized, and unstoppable.

Nostr isn’t just another social network—it’s a movement toward a free and open internet. If you believe in digital freedom, privacy, and decentralization, now is the time to get involved.

@ 9ca447d2:fbf5a36d

Singapore, May 14, 2025 — NEUTRON, the leading Lightning Network infrastructure provider in Asia, is announcing a new partnership with Cobo, a globally trusted digital asset custody platform.

Through this collaboration, Cobo will integrate Neutron’s Lightning Network API, enabling real-time, cost-effective Bitcoin transactions across its services.

Neutron’s mission is to make the Lightning Network the financial backbone for modern Bitcoin use, bridging traditional finance with Bitcoin’s borderless, decentralized economy.

“We’re thrilled to partner with Cobo, a trusted leader in custodial services, to further accelerate Bitcoin infrastructure across Asia,” said Albert Buu, CEO of Neutron. 

“At Neutron, we are committed to providing enterprise businesses with easy and efficient integration into the Lightning Network, enabling next-generation global real-time settlement solutions.

“This partnership will not only drive innovation but also empower businesses across Asia with the fast, secure, and cost-effective benefits of Bitcoin payments.”

Neutron: The Lightning Engine for Bitcoin Adoption

Neutron provides a comprehensive API suite that allows businesses to instantly access the power of the Lightning Network, Bitcoin’s second-layer protocol designed for high-speed, scalable, and low-fee payments.

The integration is part of Neutron’s broader vision to equip forward-thinking institutions with the tools needed to participate in the next generation of Bitcoin utility.

Lightning-Powered Custody for the Next Era of Finance

Cobo’s integration of Neutron’s API gives institutional clients an additional option for BTC settlement, making Lightning Network access more programmable and easier to integrate within their existing systems.

“At Cobo, we’ve built our custody platform to combine uncompromising security with the scalability institutions need to grow,” said Dr. Changhao Jiang, CTO and Co-Founder of Cobo.

“Integrating Neutron’s Lightning Network API allows us to offer real-time, low-cost Bitcoin settlement at scale without compromising on trust or performance. Together, we’re laying the groundwork for faster, more efficient Bitcoin infrastructure across Asia.”

About Neutron

Neutron is Asia’s leading Bitcoin infrastructure company, helping businesses and individuals unlock the power of the Lightning Network, specializing in Lightning-as-a-Service.

nThrough its scalable API platform, mobile app, and lending product, Neutron empowers businesses and individuals to send, receive, save, and build with Bitcoin.
Want to bring Lightning into your product or platform? Reach out to our team at sales@neutron.me or visit us at www.neutron.me

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate, and scale their digital asset businesses securely.

Founded in 2017 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets.

Today, Cobo offers the industry’s only unified wallet platform that integrates all four digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets.

Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions.

Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek and Global Custodian. For more information, please visit www.cobo.com

@ 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.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

---

Pregled sadržaja

1. Šta je Bitcoin?
2. Šta Bitcoin može da učini za vas?
3. Zašto ljudi kupuju Bitcoin?
4. Da li je vaš novac siguran u dolarima, kućama, akcijama ili zlatu?
5. Šta je bolje za štednju od dolara, kuća i akcija?
6. Po čemu se Bitcoin razlikuje od ostalih valuta?
7. kako Bitcoin spašava svet?
8. Kako mogu da saznam više o Bitcoin-u?

---

Bitcoin čini da štednja novca bude kul – i praktična – ponovo. Ovaj članak objašnjava kako i zašto.

Šta je Bitcoin?

Bitcoin se naziva digitalno zlato, mašina za istinu, blockchain, peer to peer mreža čvorova, energetski ponor i još mnogo toga. Bitcoin je, u stvari, sve ovo. Međutim, ova objašnjenja su često toliko tehnička i suvoparna, da bi većina ljudi radije gledala kako trava raste. Što je najvažnije, ova objašnjenja ne pokazuju kako Bitcoin ima bilo kakve koristi za vas.

iPod nije postao kulturološka senzacija jer ga je Apple nazvao „prenosnim digitalnim medijskim uređajem“. Postao je senzacija jer su ga zvali “1,000 pesama u vašem džepu.”

Ne zanima vas šta je Bitcoin. Vas zanima šta on može da učini za vas.

Baš kao i Internet, vaš auto, vaš telefon, kao i mnogi drugi uređaji i sistemi koje svakodnevno koristite, vi ne treba da znate šta je Bitcoin ili kako to funkcioniše da biste razumeli šta on može da učini za vas.

Šta Bitcoin može da učini za vas?

Bitcoin može da sačuva vaš teško zarađeni novac.

Bitcoin je stekao veliku pažnju u 2017. i 2018. godini zbog svoje spekulativne upotrebe. Mnogi ljudi su ga kupili nadajući se da će se obogatiti. Cena je naglo porasla, a zatim se srušila. Ovo nije bio prvi put da je Bitcoin uradio to. Međutim, niko nikada nije izgubio novac držeći bitcoin duže od 3,5 godine – ćak i ako je kupio na apsolutnim vrhovima.

Zašto Bitcoin konstantno raste? Ljudi počinju da shvataju koliko je Bitcoin moćan, kao način uštede novca u svetu u kojem je ’novac’ poput dolara, eura i drugih nacionalnih valuta dizajniran da gubi vrednost.

Ovo čini Bitcoin odličnom opcijom za štednju novca na nekoliko godina ili više. Bitcoin je bolji od štednje novca u dolarima, akcijama, nekretninama, pa čak i u zlatu.

Zato pokušajte da zaboravite na trenutak na razumevanje blockchaina, digitalne valute, kriptografije, seed fraza, novčanika, rudarstva i svih ostalih nerazumljivih termina. Za sada, razgovarajmo o tome zašto ljudi kupuju Bitcoin: razlog je prostiji nego što vi mislite.

Zašto ljudi kupuju Bitcoin?

Naravno, svako ima svoj razlog za kupovinu Bitcoin-a. Jedan od razloga, koji verovatno često čujete, je taj što mu vrednost raste. Ljudi žele da se obogate. Uskoče kao spekulanti, krenu u vožnju i najverovatnije ih prodaju ubrzo nakon kupovine.

Međutim, čak i kada cena krene naglo prema gore i strmoglavo padne nazad, mnogi ljudi ostanu i nakon tog pada. Otkud mi to znamo? Broj aktivnih novčanika dnevno, koji je otprilike sličan broju korisnika Bitcoin-a, nastavlja da raste. Takođe, nakon svakog balona u istoriji Bitcoin-a, cena se nikada ne vraća na svoju cenu pre balona. Uvek ostane malo višlja. Bitcoin se penje, a svaka masovna spekulativna serija dovodi sve više i više ljudi.

Broj aktivnih Bitcoin novčanika neprekidno raste

„Aktivna adresa“ znači da je neko tog dana poslao Bitcoin transakciju. Donji grafikon je na logaritamskoj skali.

Izvor: Glassnode

Cena Bitcoina se neprestano penje

Kroz istoriju Bitcoin-a možemo videti divlje kolebanje cena, ali nakon svakog balona, cena se ostaje višlja nego pre. Ovo je cena Bitcoin-a na logaritamskoj skali.

Izvor: Glassnode

To pokazuje da se ljudi zadržavaju: potražnja za Bitcoin-om se povećava. Da je svaki masovni rast cena bio samo balon koji su iscenirali prevaranti koji žele brzo da se obogate, cena bi se vratila na nivo pre balona. To se dogodilo sa lalama, ali ne i sa Bitcoin-om.

I zašto se onda cena Bitcoin-a stalno povećava? Sve veći broj ljudi čuva Bitcoin dugoročno – oni razumeju šta Bitcoin može učiniti za njihovu štednju.

Zašto ljudi štede svoj novac u Bitcoin-u umesto na štednim računima, kućama, deonicama ili zlatu? Hajde da pogledajmo sve te metode štednje, i zatim da ih uporedimo sa Bitcoin-om.

Da li je vaš novac siguran u dolarima, kućama, akcijama ili zlatu?

Tokom mnogo godina, to su bile pristojne opcije za štednju. Međutim, sistem koji podržava vrednost svega ovoga je u krizi.

Dolari, Euri, Dinari

Dolari i sve ostale „tradicionalne“ valute koje proizvode vlade, stvorene su da izgube vrednost kroz inflaciju. Banke i tradicionalni monetarni sistem uzrokuju inflaciju stalnim stvaranjem i distribucijom novog novca. Kada Američke Federalne Rezerve objave ciljanu stopu od 2% inflacije, to znači da žele da vaš novac svake godine izgubi 2% od svoje vrednosti. Čak i sa inflacijom od samo 2%, vaša štednja u dolarima izgubiće polovinu vrednosti tokom 40-godišnjeg radnog veka.

Izveštena inflacija se danas opasno povečava, uprkos rastućem „buretu sa barutom“ koji bi mogao da explodira i dovede do masivne hiperinflacije. Što je više valute u opticaju, to je više baruta u buretu.

Naše vlade su ekonomiju napunile valutama da bankarski sistem ne bi propao nakon finansijske krize koja se dogodila 2008. godine. Od tada je većina glavnih centralnih banaka postavila vrlo niske kamatne stope, što pojedincima i korporacijama omogućava dobijanje jeftinijih kredita. To znači da mnogi pojedinci i korporacije podižu ogromne kredite i koriste ih za kupovinu druge imovine poput deonica, umetničkih dela i nekretnina. Sve ovo pozajmljivanje znači da stvaramo tone novog novca i stavljamo ga u opticaj.

Računi za podsticaje (stimulus bills) COVID-19 za 2020. godinu unose trilione u sistem. Ovoliko stvaranje valuta na kraju dovodi do inflacije – velikog gubitka u vrednosti valute.

Količina američkog dolara u opticaju gotovo se udvostručila od marta 2020. godine. Izvor

Računi za podsticaje su bez presedana, toliko da je neko izmislio meme da opiše ovu situaciju.

Resurs koji vlade mogu da naprave u većem broju da bi platile svoje račune? Ne zvuči kao dobro mesto za štednju novca.

Kuće

Kuće su tokom prošlog veka bile pristojan način štednje novca. Međutim, pad cena nekretnina 2007. godine doveo je do toga da su mnogi vlasnici kuća izgubili svu ušteđevinu.

Danas su kuće gotovo nepristupačne za prosečnog čoveka. Jedan od načina da se ovo izmeri je koliko godišnjih zarada treba prosečnom čoveku da zaradi ekvivalent vrednosti prosečne kuće. Prema CityLab-u, publikaciji Bloomberg-a koja pokriva gradove, porodica može da priuštiti određenu kuću ako košta manje od 2,6 godišnjih prihoda domaćinstva te porodice.

Međutim, prema RZS (Republički zavod za statistiku) prosečan prihod porodičnog domaćinstva u Srbiji iznosi oko 570 EUR mesečno ili otprilike 7.000 EUR godišnje. Nažalost, samo najjeftinija područja van gradova imaju srednje cene kuća od oko 2,6 prosečnih godišnjih prihoda domaćinstva. U većim gradovima poput Beograda i Novog Sada srednja cena kuće je veća od 10 prosečnih godišnjih prihoda jednog domaćinstva.

Ako nekako možete sebi da priuštite kuću, ona bi mogla biti pristojna zaliha vrednosti. Dokle god ne doživimo još jedan krah i izvršitelji zaplene ovu imovinu mnogim vlasnicima kuća.

Akcije

Berza je u prošlosti takođe dobro poslovala. Međutim, sporo i stabilno povećanje tržišta događa se u dosadnom, predvidljivom svetu. Svakog dana vidimo sve manje toga. Nakon ubrzanja korona virusa, videli smo smo najbrži pad američke berze u istoriji od 25% – brži od Velike depresije.

Neki se odlučuju za ulaganje u obveznice i drugu finansijsku imovinu, ali ’prinosi’ za tu imovinu – procenat kamate zarađene na imovinu iz godine u godinu – stalno opada. Sve veći broj odredjenih imovina ima čak i negativne prinose, što znači da posedovanje te imovine košta! Ovo je veliki problem za sve koji se oslanjaju na penziju. Plus, s obzirom na to da su akcije denominovane u tradicionalnim valutama poput dolara i evra, inflacija pojede prinos koji investitor dobije.

Najgore od svega je to što ti isti ekonomski krahovi koji uzrokuju masovna otpuštanja i teško tržište rada takođe znače i nagli pad cena akcija. Čuvanje ušteđevine u akcijama može značiti i gubitak štednje i gubitak posla zbog recesije. Teška vremena mogu da vas prisile da svoje akcije prodate po vrlo malim cenama samo da biste platili svoje račune.

A to nije baš siguran način štednje novca.

Zlato

Vrednost zlata neprekidno se povećavala tokom 5000 godina, obično padajući onda kada berza obećava jače prinose.

Cena zlata

Evidencija vrednosti zlata je solidna. Međutim, zlato nosi i druge rizike. Većina ljudi poseduje zlato na papiru. Oni fizički ne poseduju zlato, već ga njihova banka čuva za njih. Zbog toga je zlato veoma podložno konfiskaciji od strane vlade.

Zašto bi vlada konfiskovala nečije zlato, a kamoli u demokratskoj zemlji u „slobodnom svetu“? Ali to se dešavalo i ranije. 1933. godine Izvršnom Naredbom 6102, predsednik Roosevelt naredio je svim Amerikancima da prodaju svoje zlato vladi u zamenu za papirne dolare. Vlada je iskoristila pretnju zatvorom za prikupljanje zlata u fizičkom obliku. Znali su da se zlato više poštuje kao zaliha vrednosti širom sveta od papirnih dolara.

Ako posedujete svoje zlato na nekoj od aplikacija za trgovanje akcijama, možete se kladiti da će vam ga država oduzeti ako joj zatreba. Čak i ako posedujete fizičko zlato, onda ga izlažete mogućnosti krađe – od strane kriminalca ili vaše vlade.

Vaša uštedjevina nije bezbedna.

Rast cena svih gore navedenih sredstava zavisi od našeg trenutnog političkog i ekonomskog sistema koji se nastavlja kao i tokom proteklih 100 godina. Međutim, danas vidimo ogromne pukotine u ovom sistemu.

Sistem ne funkcioniše dobro za većinu ljudi.

Od 1971. plate većine američkih radnika nisu rasle. S druge strane, bogatstvo koje imaju najbogatiji u društvu nalazi se na nivoima koji nisu viđeni više od 80 godina. U međuvremenu, ljudi sve manje i manje veruju institucijama poput banaka i vlada.

EPI Plate VS Produktivnost

CBPP Nejednakost Bogatstva Tokom Vremena

Edelman Studija Poverenja

Širom sveta možemo videti dokaze o slamanju sistema kroz politički ekstremizam: izbor Trampa i drugih ekstremističkih desničarskih kandidata, Bregzit, pokret Occupy, popularizacija koncepta univerzalnog osnovnog dohotka, povratak pojma „socijalizam“ nazad u modu. Ljudi na svim delovima političkog i društvenog spektra osećaju problematična vremena i posežu za sve radikalnijim rešenjima.

Šta je bolje za štednju od dolara, kuća i akcija?

Pa kako ljudi mogu da štede novac u ovim teškim vremenima? Ili ne koriste tradicionalne valute, ili kupuju sredstva koja će zadržati vrednost u teškim vremenima.

Bitcoin ima najviše potencijala da zadrži vrednost kroz politička i ekonomska previranja od bilo koje druge imovine. Na tom putu će biti rupa na kojima će se rušiti ili pumpati, međutim, njegova svojstva čine ga takvim da će verovatno preživeti previranja kada druga imovina ne bude to mogla.

Šta Bitcoin čini drugačijim?

Bitcoini su retki.

Proces ‘rudarenja’ bitcoin-a, proizvodnju bitcoin-a čini veoma skupom, a Bitcoin protokol ograničava ukupan broj bitcoin-a na 21 milion novčića. To čini Bitcoin imunim na nagle poraste ponude. Ovo se veoma razlikuje od tradicionalnih valuta, koje vlade mogu da štampaju sve više kad god one to požele. Zapamtite, povećanje ponude vrši veliki pritisak na vrednost valute.

Bitcoini nemaju drugu ugovornu stranu.

Bitcoin se takođe razlikuje od imovine kao što su obveznice, akcije i kuće, jer mu nedostaje druga ugovorna strana. Druge ugovorne strane su drugi subjekti uključeni u vrednost sredstva, koji to sredstvo mogu obezvrediti ili vam ga uzeti. Ako imate hipoteku na svojoj kući, banka je druga ugovorna strana. Kada sledeći put dođe do velikog finansijskog kraha, banka vam može oduzeti kuću. Kompanije su kvazi-ugovorne strane akcijama i obveznicama, jer mogu da počnu da donose loše odluke koje utiču na njihovu cenu akcija ili na „neizvršenje“ duga (da ga ne vraćaju vama ili drugim poveriocima). Bitcoin nema ovih problema.

Bitcoin je pristupačan.

Svako sa 5 eura i mobilnim telefonom može da kupi i poseduje mali deo bitcoin-a. Važno je da znate da ne morate da kupite ceo bitcoin. Bitcoin-i su deljivi do 100-milionite jedinice, tako da možete da kupite Bitcoin u vrednosti od samo nekoliko eura. Neuporedivo lakše nego kupovina kuće, zlata ili akcija!

Bitcoin se ne može konfiskovati.

Banke drže većinu vaših eura, zlata i akcija za vas. Većina ljudi u razvijenom svetu veruje bankama, jer većina ljudi koji žive u današnje vreme nikada nije doživela konfiskaciju imovine ili ’šišanje’ od strane banaka ili vlada. Nažalost, postoji presedan za konfiskaciju imovine čak i u demokratskim zemljama sa snažnom vladavinom prava.

Kada vlada konfiskuje imovinu, ona obično ubedi javnost da će je menjati za imovinu jednake vrednosti. U SAD-u 1930-ih, vlada je davala dolare vlasnicima zlata. Vlada je znala da uvek može da odštampa još više dolara, ali da ne može da napravi više zlata. Na Kipru 2012. godine, jedna propala banka je svojim klijentima dala deonice banke da pokrije dolare klijenata koje je banka trebala da ima. I dolari i deonice su strmoglavo opali u odnosu na imovinu koja je uzeta od ovih ljudi.

Doći do bitcoin-a koji ljudi poseduju, biće mnogo teže jer se bitcoin-i mogu čuvati u novčaniku koji ne poseduje neka treća strana, a vi možete čak i da zapamtite privatne ključeve do vašeg bitcoin-a u glavi.

Bitcoin je za štednju.

Bitcoin se polako pokazuje kao najbolja opcija za dugoročnu štednju novca, posebno s obzirom na današnju ekonomsku klimu. Posedovanje čak i malog dela, je polisa osiguranja koja se isplati ako svet i dalje nastavi da ludi. Cena Bitcoin-a u dolarima može divlje da varira u roku od godinu ili dve, ali tokom 3+ godine skoro svi vide slične ili više cene od trenutka kada su ga kupili. U stvari, doslovno niko nije izgubio novac čuvajući Bitcoin duže od 3,5 godine – čak i ako je kupio BTC na apsolutnim vrhovima tržišta.

Imajte na umu da nakon ove tačke ti ljudi više nikada nisu videli rizik od gubitka. Cena se nikada nije smanjila niže od najviše cene u prethodnom ciklusu.

Po čemu se Bitcoin razlikuje od ostalih valuta?

Bitcoin funkcioniše tako dobro kao način štednje zbog svog neobičnog dizajna, koji ga čini drugačijim od bilo kog drugog oblika novca koji je postojao pre njega. Bitcoin je digitalna valuta, prvi i verovatno jedini primer valute koja ima ograničenu ponudu dok radi na otvorenom, decentralizovanom sistemu. Vlade strogo kontrolišu valute koje danas koristimo, poput dolara i eura, i proizvode ih za finansiranje ratova i dugova. Korisnici Bitcoin-a – poput vas – kontrolišu Bitcoin protokol.

Evo šta Bitcoin razlikuje od dolara, eura i drugih valuta:

Bitcoin je otvoren sistem.

Svako može da odluči da se pridruži Bitcoin mreži i primeni pravila softverskog protokola, što je dovelo do vrlo decentralizovanog sistema u kojem nijedan pojedinac ili entitet ne može da blokira transakciju, zamrzne sredstva ili da ukrade od druge osobe.Današnji savremeni bankarski sistem se uveliko razlikuje. Nekoliko banaka je dobilo poverenje da gotovo sve valute, akcije i druge vredne predmete čuvaju na “sigurnom” za svoje klijente. Da biste postali banka, potrebni su vam milioni dolara i neverovatne količine političkog uticaja. Da biste pokrenuli Bitcoin čvor i postali „svoja banka“, potrebno vam je nekoliko stotina dolara i jedno slobodno popodne.

Tako izgleda Bitcoin čvor – Node MyNode čvor vam omogućava da postanete svoja banka za samo nekoliko minuta.

Bitcoin ima ograničenu ponudu.

Softverski protokol otvorenog koda koji upravlja Bitcoin sistemom ograničava broj novih bitcoin-a koji se mogu stvoriti tokom vremena, sa ograničenjem od ukupno 21.000.000 bitcoin-a. S druge strane, valute koje danas koristimo imaju neograničenu ponudu. Istorija i sadašnje odluke centralnih banaka govore nam da će vlade uvek štampati sve više i više valuta, sve dok valuta ne bude bezvredna. Sve ovo štampanje uzrokuje inflaciju, što pravi štetu običnim radnim ljudima i štedišama.

Tradicionalne valute su dizajnirane tako da opadaju vremenom. Svaki put kada centralna banka kaže da cilja određenu stopu inflacije, oni ustvari kažu da žele da vaš novac svake godine izgubi određeni procenat svoje vrednosti.

Bitcoin-ova ograničena ponuda znači da je on tako dizajniran da raste vremenom kako se potražnja za njim povećava.

Bitcoin putuje oko sveta za nekoliko minuta.

Svako može da pošalje bitcoin-e za nekoliko minuta širom sveta, bez obzira na granice, banke i vlade. Potrebno je manje od minuta da se transakcija pojavi na novčaniku primaoca i oko 60 minuta da se transakcija u potpunosti „obračuna“, tako da primaoc može da bude siguran da su primljeni bitcoin-i sada njegovi (6 konfirmacija bloka). Slanje drugih valuta širom sveta traje danima ili čak mesecima ako se šalju milionski iznosi, a podrazumeva i visoke naknade.

Neke vlade i novinari tvrde da ova sloboda putovanja koju pruža Bitcoin pomaže kriminalcima i teroristima. Međutim, transakciju Bitcoin-a je lakše pratiti nego većinu transakcija u dolarima ili eurima.

Bitcoin se može čuvati na “USB-u”.

Dizajn Bitcoin-a je takav da vam treba samo da čuvate privatni ključ do svojih ‘bitcoin’ adresa (poput lozinke do bankovnih računa) da biste pristupili svojim bitcoin-ima odakle god poželite. Ovaj privatni ključ možete da sačuvate na disku ili na papiru u obliku 12 ili 24 reči na engleskom jeziku. Kao rezultat toga, možete da držite Bitcoin-e vredne milione dolara u svojoj šaci.

Sve ostale valute danas možete ili da strpate u svoj dušek ili da ih poverite banci na čuvanje. Za većinu ljudi koji žive u razvijenom svetu, i koji ne osporavaju autoritet i poverenje u banku, ovo deluje sasvim dobro. Međutim, oni kojima je potrebno da pobegnu od ugnjetavačke vlade ili koji naljute pogrešne ljude, ne mogu verovati bankama. Za njih je sposobnost da nose svoju ušteđevinu bez potrebe za ogromnim koferom neprocenjiva. Čak i ako ne živite na mestu poput ovog, cena Bitcoin-a se i dalje povećava kada ih neko kome oni trebaju kupi.

Kako Bitcoin spašava svet?

Bitcoin, kao ultimativni način štednje, je cakum pakum, ali da li on pomaže u poboljšanju sveta u celini?

Kao što ćete početi da shvatate, ulazeći sve dublje i u druge sadržaje na ovoj stranici, mnogi temeljni delovi našeg današnjeg monetarnog sistema i ekonomije su duboko slomljeni. Međutim, oni koji upravljaju imaju korist od ovakvih sistema, pa se on verovatno neće promeniti bez revolucije ili mirnog svrgavanja od strane naroda. Bitcoin predstavlja novi sistem, sa nekoliko glavnih prednosti:

• Bitcoin popravlja novac, koji je milenijumima služio kao važan alat za rast i poboljšanje društva.
• Bitcoin vraća zdrav razum pozajmljivanju, uklanjanjem apsurdnih situacija poput negativnih kamatnih stopa (gde zajmitelj plaća da bi se zadužio).
• Bitcoin pokreće ulaganja u obnovljive izvore energije i poboljšava energetsku efikasnost u mreži, služeći kao „krajnji kupac“ za sve vrste energije.

Kako mogu da saznam više o Bitcoin-u?

Ovaj članak vam je dao osnovno razumevanje zašto biste trebali razmišljati o Bitcoin-u. Ako želite da saznate više, preporučujem ove resurse:

• Film "Bitcoin: Kraj Novca Kakav Poznajemo"
• Još uvek je rano za Bitcoin
• Zasto baš Bitcoin?
• Šta je to Bitcoin?
• The Bitcoin Whitepaper ← objavljen 2008. godine, ovo je izložio dizajn za Bitcoin.

@ e3ba5e1a:5e433365

I got into a friendly discussion on X regarding health insurance. The specific question was how to deal with health insurance companies (presumably unfairly) denying claims? My answer, as usual: get government out of it!

The US healthcare system is essentially the worst of both worlds:

• Unlike full single payer, individuals incur high costs
• Unlike a true free market, regulation causes increases in costs and decreases competition among insurers

I'm firmly on the side of moving towards the free market. (And I say that as someone living under a single payer system now.) Here's what I would do:

• Get rid of tax incentives that make health insurance tied to your employer, giving individuals back proper freedom of choice.
• Reduce regulations significantly.

• In the short term, some people will still get rejected claims and other obnoxious behavior from insurance companies. We address that in two ways:

  1. Due to reduced regulations, new insurance companies will be able to enter the market offering more reliable coverage and better rates, and people will flock to them because they have the freedom to make their own choices.
  2. Sue the asses off of companies that reject claims unfairly. And ideally, as one of the few legitimate roles of government in all this, institute new laws that limit the ability of fine print to allow insurers to escape their responsibilities. (I'm hesitant that the latter will happen due to the incestuous relationship between Congress/regulators and insurers, but I can hope.)

Will this magically fix everything overnight like politicians normally promise? No. But it will allow the market to return to a healthy state. And I don't think it will take long (order of magnitude: 5-10 years) for it to come together, but that's just speculation.

And since there's a high correlation between those who believe government can fix problems by taking more control and demanding that only credentialed experts weigh in on a topic (both points I strongly disagree with BTW): I'm a trained actuary and worked in the insurance industry, and have directly seen how government regulation reduces competition, raises prices, and harms consumers.

And my final point: I don't think any prior art would be a good comparison for deregulation in the US, it's such a different market than any other country in the world for so many reasons that lessons wouldn't really translate. Nonetheless, I asked Grok for some empirical data on this, and at best the results of deregulation could be called "mixed," but likely more accurately "uncertain, confused, and subject to whatever interpretation anyone wants to apply."

https://x.com/i/grok/share/Zc8yOdrN8lS275hXJ92uwq98M

@ 9e69e420:d12360c2

Federal employees must remove pronouns from email signatures by the end of the day. This directive comes from internal memos tied to two executive orders signed by Donald Trump. The orders target diversity and equity programs within the government.

CDC, Department of Transportation, and Department of Energy employees were affected. Staff were instructed to make changes in line with revised policy prohibiting certain language.

One CDC employee shared frustration, stating, “In my decade-plus years at CDC, I've never been told what I can and can't put in my email signature.” The directive is part of a broader effort to eliminate DEI initiatives from federal discourse.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Šta je finansijski samo-suverenitet?
2. Zašto smo prestali da koristimo zlatni standard?
3. Šta fali tradicionalnoj valuti i centralnim bankama?
4. Kako mogu ljudi da mi ukradu novac ako je u banci?
5. Kako ljudi koriste moje finansijske podatke protiv mene?
6. Kako ljudi kontrolišu sa kim obavljam transakcije?
7. Kako da povratimo svoj finansijski samo-suverenitet?
8. Kako Bitcoin funkcioniše?
9. Pa onda, zašto Bitcoin?
10. Po čemu je Bitcoin bolji od sistema tradicionalnih valuta?
11. Kako Bitcoin štiti od Inflacije?
12. Kako Bitcoin štiti od Zaplene?
13. Kako Bitcoin štiti Privatnost?
14. Kako Bitcoin štiti od Cenzure?
15. Šta će vlada i banke učiniti sa Bitcoin-om?
16. Da li je vrednost Bitcoin-a nestabilna?
17. Da li je Bitcoin novac?
18. Bitcoin kao Zaliha Vrednosti
19. Bitcoin kao Sredstvo Razmene
20. Bitcoin kao Obračunska Jedinica
21. Bitcoin kao Sistem Kontrole
22. Šta je sa „Sledećim Bitcoin-om“?
23. Na kraju

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Kratki uvod u bezbednost, privatnost i slobodu vašeg novca.

Pre nego što saznate kako morate znati zašto.

Šta je finansijski samo-suverenitet?

Zamislite da u ruci imate zlatni novčić, jedan od najjednostavnijih i najčistijih oblika finansijskog samo-suvereniteta.

Da biste držali taj zlatni novčić, ne morate da se složite sa bilo kojim Uslovima korišćenja ili Politikom privatnosti, da se pridržavate bilo kojih KYC ili AML propisa, da pokažete ličnu kartu, da navedete svoje ime ili jedinstveni matični broj.

Samo ga držite u ruci i njime možete platiti bilo šta, davanjem tog novčića nekom drugom da ga drži u ruci. To je čista sloboda.

Pored slobode onoga što kupujete svojim novčićem, niko ne može magično znati kome plaćate ili koju robu/usluge kupujete tim zlatni novčićem, jer vaša privatnost nije ugrožena sa zlatom.

A pošto imate svoju privatnost, niko ne može znati za vaše transakcije, pa niko ne može da odluči da ograniči ili kontroliše za šta koristite taj zlatni novčić.

Hiljadama godina zlato je bilo globalni standard novca.

Svi su održavali svoj finansijski samo-suverenitet, a privatnost i sloboda svačijeg novca su poštovani.

Zaista je bilo tako jednostavno.

Zašto smo prestali da koristimo zlatni standard?

Trenutni globalni bankarski sistem i sistem tradicionalnih valuta, bankari su vrlo polako implementirali u proteklih 100+ godina.

Udružili su se sa svetskim vladama koje su svima oduzele zlato pod pretnjom nasilja.

Na primer, nakon što je Federalna banka rezervi osnovana u SAD-u 1913. godine, američka vlada je nasilno oduzela svo zlato 1933. godine, prisiljavajući sve da koriste nove centralne banke i sistem novčanica Federalnih rezervi.

„Dostavite svoje celokupno zlato u naše sefove u zamenu za bezvredni papir, ili ćemo upotrebiti silu nad vama.“

Banke su u početku zamenile zlatni standard papirnim priznanicama zvane zlatni sertifikati, ali nakon što je prošlo dovoljno vremena, banke su u osnovi jednostavno prestale da ih otkupljuju za zlato.

Zlatni sertifikati izdavani od banaka (novčanice ili „gotovina“) u tom trenutku bili su samo bezvredni papir, ali zbog vladine pretnje nasiljem, svi su bili primorani da nastave da koriste novčanice Federalnih rezervi.

Od skora, banke koriste digitalnu bazu podataka, u kojoj doslovno mogu stvoriti novac ni iz čega, čak i da ga ne moraju štampati na papiru.

Predsednik Federalnih rezervi priča kako oni „štampaju“ novac.

Oni su učvrstili svoju moć da manipulišu i naduvaju globalnu novčanu masu, nadgledaju finansijske transakcije svih i kontrolišu protok svih tradicionalnih valuta u svom bankarskom sistemu.

Banke sada kontrolišu sve.

Jednom kada su centralni bankari uspešno preuzeli kontrolu nad novčanom masom u svetu, zajedno sa sposobnošću svih da slobodno vrše transakcije i trguju, svet je kolektivno izgubio bezbednost, slobodu i privatnost svog novca.

Šta fali tradicionalnoj valuti i centralnim bankama?

Nakon impelentacije trenutnog globalnog bankarskog sistema i sistema tradicionalnih valuta, svetu nije preostao drugi izbor nego da veruje bankarima i političarima da vode globalni finansijski sistem na pošten način.

„Koren problema tradicionalne valute je potpuno poverenje potrebno za njeno funkcionisanje. Centralnoj banci se mora verovati da neće devalvirati valutu, ali istorija tradicionalnih valuta je puna kršenja tog poverenja. Bankama se mora verovati da čuvaju naš novac i prenose ga elektronskim putem, ali ga daju u talasima kreditnih balona sa malim delićem rezerve. ““ — Satoshi Nakamoto

Istorija zloupotrebe tradicionalnih valuta može se grupisati u 3 kategorije:

• Bezbednost. Loši ljudi kradu vaš novac ili vrednost vašeg novca, ponekad na očigledne načine, ponekad na podle načine.

• Privatnost. Loši ljudi nadgledaju sve vaše privatne finansijske transakcije, i koriste vaše lične finansijske podatke protiv vas.

• Sloboda. Loši ljudi kontrolišu na koji način možete da trošite sopstveni novac, sa kim možete da obavljate transakcije, koliko možete da potrošite itd.

Kako mogu ljudi da mi ukradu novac ako je u banci?

Evo nekoliko primera:

• Krađa inflacijom: Ovo je primarni način na koji banke kradu vaš novac i jedan od najpodlijih. Kada centralne banke izdaju novi novac, bilo štampanjem na bezvrednom papiru, ili samo dodavanjem knjigovodstvenog unosa u bazu podataka koju kontrolišu, one naduvaju globalnu novčanu masu. Inflacija krade kupovnu moć svih koji drže deo te valute, jednostavno zato što je sada više te valute u opticaju. Zlato se ne može stvoriti, pa su bankari umesto toga izmislili sistem papirnog novca.

• Krađa zaplenom: Ovo je jedan od načina na koji vlade mogu ukrasti vaš novac. Da li ste ikada čuli za zaplenu imovine? Ako policajac posumnja da je vaša imovina korišćena u krivičnom delu, može je zapleniti, a vi se morate boriti da biste povratili vašu ukradenu imovinu. Ili, drugi primer: Pokušajte da uđete u zemlju sa više od 10.000 USD u džepu, a ne da je prijavite, i pogledajte šta će se dogoditi. Sve je isto: krađa od strane drugih ljudi sa oružjem.

• Krađa putem oporezivanja: Ovo je još jedan način na koji vam vlade kradu novac. Ne sporim da li je oporezivanje etično ili ne, samo konstatujem činjenicu da vaša vlada može da primora vašu banku da im da vaš novac, a ovo je bezbednostna ranjivost. Da bi novac bio siguran, mora biti nezaplenjiv, a vlade mogu da zaplene vaše bankovne račune.

Kako ljudi koriste moje finansijske podatke protiv mene?

Ako fizičku tradicionalnu valutu predate drugoj osobi, u obliku papirnog novca ili kovanica, relativno je lako zaštititi privatnost svoje transakcije, baš kao što bi bilo da koristite zlatnike.

Međutim, ako koristite kreditne kartice, debitne kartice, bankovne transfere, PayPal, Venmo, LINE Pay, WeChat Pay ili bilo koju drugu mrežu za plaćanje koja je centralno kontrolisana, aktivno pristajete da se odreknete privatnosti podataka svih svojih privatnih finansijskih transakcija i sve ih dajete poverljivoj trećoj strani.

Kada su svi podaci i metapodaci vaših finansijskih transakcija prijavljeni u centralnu bazu podataka, onaj ko ima pristup toj bazi podataka može da koristi vaše podatke protiv vas.

Evo nekoliko osnovnih primera:

• Ako ste kupili robu rizičnog životnog stila poput cigareta, banka može reći vašoj osiguravajućoj kompaniji da poveća vaše osiguranje.
• Ako ste kupili nešto što je ilegalno, poput droga za rekreaciju, vaša banka može reći vašoj vladi da vas zakonski goni.

Ali u slučaju nekih represivnih vlada, oni su to odveli do ekstrema. Oni centralno prikupljaju sve finansijske transakcije i druge podatke svih svojih građana i stvorili su totalitarni Sistem Socijalnih Bodova (eng. Social Credit Score):

Prepoznavanje lica je jedan od elemenata kineskih napora za praćenje

Zapisi George Orwell-a već su postali stvarnost u Kini zbog sistema tradicionalnih valuta centralne banke i platnih mreža koje su izgrađene na njemu.

Ako mislite da se to neće dogoditi u vašoj zemlji, razmislite ponovo.

To se dešava vrlo polako, ali na kraju će sve svetske vlade primeniti Sistem Socijalnih Bodova, dok je Kina to tek prva učinila.

Kako ljudi kontrolišu sa kim obavljam transakcije?

U prvom primeru sa zlatnim novčićem, kada ga predate nekom drugom kao plaćanje za robu ili uslugu, ne postoji centralizovana evidencija vaše platne transakcije i imate savršenu privatnost.

Međutim, u centralnom bankarskom sistemu, budući da banka ima i znanje o podacima o vašim transakcijama i moć da kontroliše vaša sredstva, oni mogu proceniti niz pravila da bi odlučili da li žele da dozvole vašu transakciju ili da to odbiju, takođe kao i izvršenje te odluke kontrolišući vaša sredstva.

Tako su vlade naoružale tradicionalne valute i ​​centralni bankarski sistem kao Sistem Kontrole nad svojim građanima.

Da rezimiramo: Pošto ste se odrekli bezbednosti i privatnosti svog novca, izgubili ste i svoju finansijsku slobodu.

“Privatnost nije o tome da nešto treba sakriti. Privatnost je o tome da nešto treba zaštititi.” — Edward Snowden

Kako da povratimo svoj finansijski samo-suverenitet?

Pokret Cypherpunk pokrenuli su pojedinci koji su shvatili važnost zaštite privatnosti i slobode pojedinačnih korisnika na Internetu.

Cypherpunk-ovi su verovali da se gore opisani problemi mogu rešiti samo potpuno novim novčanim sistemom, koji poštuje i štiti bezbednost, privatnost i slobodu pojedinca.

Mnogi od Cypherpunk-era pokušali su da izgrade nove etičke sisteme e-gotovine koji bi mogli da zamene tradicionalne valute i centralno bankarstvo.

Bilo je mnogo teških računarskih problema koje je trebalo prevazići u stvaranju tako istinski decentralizovanog sistema, i ako su neki od njih bili blizu cilja, svi su propali.

Odnosno, sve dok jedan pseudonim Cypherpunk-a to konačno nije shvatio 2008. godine: kombinacijom digitalnih potpisa, distribuirane knjige i peer-to-peer mreže, rođen je Bitcoin.

Kako Bitcoin funkcioniše?

Baš kao što ne treba da znate kako Internet funkcioniše da bi gledali slike mačaka na Internetu, razumevanje tehničke složenosti načina na koji Bitcoin radi „ispod haube“ nije neophodno da biste ga koristili i postigli sopstveni finansijski samo-suverenitet.

Važna stvar koju želim da saznate iz ovog članka je da iako većina novih tehnologija u početku ima loše korisničko iskustvo, Bitcoin svesno i vrlo namerno ne žrtvuje svoje osnovne filozofske principe da bi brže pridobio nove korisnike, ili da bi poboljšao korisničko iskustvo.

Najpametniji Cypherpunk-ovi rade na poboljšanju korisničkog iskustva.

Tehnologija će se sa vremenom poboljšavati, baš kao i za Internet.

Pa onda, zašto Bitcoin?

Reći ću vam zašto:

Jer Bitcoin poštuje bezbednost, privatnost i slobodu pojedinca.

Po čemu je Bitcoin bolji od sistema tradicionalnih valuta?

Za početak, Bitcoin nema Uslove korišćenja, Politiku privatnosti i Propise o usklađenosti sa KYC/AML. (Know Your Costumer & Anti-money Laundering)

Bitcoin je uspešan primer implementacije kripto-anarhije, gde su jedina pravila kriptografija, matematika i jak skup konsenzusnih pravila.

To je distribuirani i nepoverljivi sistem zasnovan na finansijskim podsticajima i nijedna osoba ili centralizovani entitet ne može da kontroliše Bitcoin.

Ono što je najvažnije, Bitcoin vam omogućava da odustanete od tradicionalnih valuta, sistema delimičnih rezervi i centralnog bankarstva rešavanjem osnovnih problema poverenja:

• Sigurnost od inflacije korišćenjem fiksnog snabdevanja
• Sigurnost od zaplene korišćenjem ključeva za kontrolu sredstava
• Privatnost plaćanja korišćenjem pseudonimnih identiteta
• Sloboda protiv cenzure korišćenjem peer to peer mreže

Kako Bitcoin štiti od Inflacije?

Jedno od najkritičnijih pravila konsenzusa o Bitcoin-u je da može postojati najviše 21,000,000 Bitcoin-a.

Nakon izdavanja svih Bitcoin-a, nikada više ne može doći do stvaranja novih Bitcoin-a.

Stoga je Bitcoin deflaciona valuta, koja sprečava ljude da ukradu vaš novac ili njegovu vrednost naduvavanjem novčane mase.

Monetarna Inflacija Bitcoin-a

Kako Bitcoin štiti od Zaplene?

Bitcoin se može preneti samo pomoću kriptografskog privatnog ključa koji kontroliše sredstva.

Nijedan bitcoin nikada ne izadje van sistema.

Nijedna vlada, banka ili sudski nalog ne mogu zapleniti ta sredstva.

Jednostavno ne postoji način da se takva odredba ili naredba sprovede od bilo kog „organa vlasti“, jer Bitcoin ne priznaje nijedno „ovlašćenje“ u svom sistemu.

Bitcoin je potpuno samo-suveren sistem i zbog svoje distribuirane prirode ne može se ugasiti.

Postoji zbog sopstvenih zasluga, samo zato što ljudi veruju u to.

Kako Bitcoin štiti Privatnost?

Bitcoin ne traži vaše ime ili druge detalje koji mogu lično da vas identifikuju.

Vaš identitet je kriptografski, a ne vaše stvarno ime.

Dakle, vaš identitet izgleda otprilike kao 1vizSAISbuiKsbt9d8JV8itm5ackk2TorC, a ne kao „Stefan Petrovič“.

Pored toga, niko ne zna ko kontroliše sredstva na datoj Bitcoin adresi, a nova tehnologija se neprestano razvija kako bi se poboljšala privatnost Bitcoin-a.

Kako Bitcoin štiti od Cenzure?

Peer-to-peer Bitcoin mreža je u potpunosti distribuirana.

To znači da ako jedan čvor pokuša da cenzuriše vašu transakciju, neće uspeti ukoliko * svaki * čvor(Node) ne izvrši cenzuru vaše transakcije.

Šta će vlada i banke učiniti sa Bitcoin-om?

Neke zemlje su pokušale da ga regulišu, kontrolišu, isključe itd., ali nijedna od njih nije uspela.

Čini se da uglavnom samo žele da koriste postojeći sistem centralnih banaka da bi kontrolisali kako ljudi trguju tradicionalnim valutama za Bitcoin, i naravno žele da oporezuju Bitcoin na bilo koji mogući način.

Evo nekoliko uobičajenih tvrdnji vlada i banaka o Bitcoin-u:

Evropska centralna banka kaže da Bitcoin nije valuta i upozorava da je vrlo nestabilna.

„Bitcoin, izgleda samo kao prevara“, rekao je gospodin Tramp. „Ne sviđa mi se jer je to još jedna valuta koja se takmiči sa dolarom.“

Da li je vrednost Bitcoin-a nestabilna?

Ako umanjite grafikon cena, videćete da Bitcoin-u neprekidno raste vrednost od kada je stvoren, trgujući sa manje od 0,01 USD i polako se penje na preko 60.000 USD na nedavnom vrhuncu početkom 2021. godine.

Cena Bitcoina od 2011. godine

To je zato što je njegova ponuda fiksna i ljudi cene njegovu nestašicu.

Sa većom potražnjom i fiksnom ponudom, cene vremenom rastu.

Kako godine odmiču, njegova vrednost će se povećavati kako novi korisnici počinju da drže Bitcoin. (U svetu Bitcoina držanju kažemo HODL. Drži bitcoin. Hodl bitcoin.)

Da li je Bitcoin novac?

Da biste odgovorili na pitanje da li je Bitcoin novac ili ne, prvo morate definisati pojam „novac“.

Nažalost, reč „novac“ koristimo da bismo opisali nekoliko vrlo različitih komplikovanih koncepata, koji su svi potpuno odvojeni.

Termin „novac“ se zapravo odnosi na:

• Zaliha Vrednosti (Store of Value)
• Sredstvo Razmene ( Medium of Exchange)
• Obračunska Jedinica (Unit of Account)
• Sistem Kontrole (System Control)

Bitcoin kao Zaliha Vrednosti

Ovaj tweet to savršeno objašnjava:

Sinov prijatelj: “Matt, šta će se dogoditi ako novčić od 1 funte usitnite na pola?”

Dobijaš dva komada bezvrednog metala. Ako zlatnik usitnite na pola, dobićete dva zlatnika, od kojih svaki vredi polovinu onoga što je novčić bio.

Sin: „… isto tako kao sa zlatom jeste sa bitcoinima“.

Bitcoin je potpuno deljiv i deluje kao izvrsna zaliha vrednosti, baš kao što je i zlato već hiljadama godina.

Bitcoin kao Sredstvo Razmene

Bitcoin je dobro služio kao sredstvo razmene za svoje rane korisnike.

Ali skaliranje Bitcoin-a na globalni nivo koji bi mogao da posluži svim ljudima je veliki izazov, jer se osnovna „blockchain“ tehnologija ne skalira na globalni nivo.

Da bi rešio ovaj problem skaliranja, Satoshi je izumeo koncept kanala plaćanja, a u kombinaciji sa malo pomoći drugih briljantnih računarskih naučnika Cipherpunk-a koji su poboljšali koncept tokom poslednjih 10 godina, sada imamo mrežu Lightning, koja omogućava da se Bitcoin koristi kao odlično Sredstvo Razmene, koje se vremenom može proširiti na globalni nivo.

Bitcoin kao Obračunska Jedinica

Najmanja obračunska jedinica Bitcoin-a nazvana je po njenom tvorcu, Satoshi-u.

Jedan Bitcoin je jednak 100.000.000 Satoshi-a.

Na kraju, kako se robe i usluge sve češće razmenjuju za Bitcoin, sve više ljudi će koristiti Bitcoin ili „Sats“ kao obračunsku jedinicu.

Konvertor Bitcoin - Satoshi

Bitcoin kao Sistem Kontrole

Budući da je Bitcoin dizajniran da poštuje i štiti ljudska prava pojedinca, posebno bezbednost, privatnost i slobodu novca; ne bi bio dobar Sistem Kontrole i ne može se koristiti za ugnjetavanje ljudi, kao što se dešava sa tradicionalnim valutama i sistemima centralnog bankarstva koji to trenutno vrlo dobro rade.

Šta je sa „Sledećim Bitcoin-om“?

Kao što može biti samo jedan „globalni“ Internet, tako može biti i samo jedan globalni novac, a stigao je i novi Bitcoin Standard.

Sve ostalo je ili direktna prevara ili gubljenje vremena.

Ako bi neko želeo da vam proda „Sledeće Zlato“, da li biste ga kupili?

Na kraju

Nadam se da vam je ovaj članak pomogao da razumete zašto je Bitcoin stvoren i kako može da pomogne svetu da se oslobodi tradicionalnih valuta i sistema centralnog bankarstva koji je veoma duboko integrisan u naše trenutno društvo.

Evo nekoliko misli koje treba poneti sa sobom:

• Bitcoin nije izmišljen radi zarade, već je izmišljen da bi promenio svet.
• Bitcoin će to učiniti poštujući korisnikovu bezbednost, privatnost i slobodu.
• Bitcoin se već koristi kao novac, na nekoliko načina na koji se novac može koristiti.
• Bitcoin nije nestabilan, njegova vrednost vremenom polako raste (odzumirajte).
• Bitcoin ima mnogo kopija i prevaranata koji će pokušati da vam prodaju svoju kopiju Bitcoin-a. Ne zavaravajte se lažnim Bitcoin-om baš kao što vas ne bi prevarili ni Lažnim Zlatom.
• Bitcoin će postati najveći prenos bogatstva u našem životu, tako da ćete možda želeti da ih uzmete pre nego kasnije.
• Ostanite skromni i skupljajte satošije.

@ 91bea5cd:1df4451c

Definição de ULID:

Timestamp 48 bits, Aleatoriedade 80 bits Sendo Timestamp 48 bits inteiro, tempo UNIX em milissegundos, Não ficará sem espaço até o ano 10889 d.C. e Aleatoriedade 80 bits, Fonte criptograficamente segura de aleatoriedade, se possível.

Gerar ULID

```sql

CREATE EXTENSION IF NOT EXISTS pgcrypto;

CREATE FUNCTION generate_ulid() RETURNS TEXT AS $$ DECLARE -- Crockford's Base32 encoding BYTEA = '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; timestamp BYTEA = E'\000\000\000\000\000\000'; output TEXT = '';

unix_time BIGINT; ulid BYTEA; BEGIN -- 6 timestamp bytes unix_time = (EXTRACT(EPOCH FROM CLOCK_TIMESTAMP()) * 1000)::BIGINT; timestamp = SET_BYTE(timestamp, 0, (unix_time >> 40)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 1, (unix_time >> 32)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 2, (unix_time >> 24)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 3, (unix_time >> 16)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 4, (unix_time >> 8)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 5, unix_time::BIT(8)::INTEGER);

-- 10 entropy bytes ulid = timestamp || gen_random_bytes(10);

-- Encode the timestamp output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 0) & 224) >> 5)); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 0) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 1) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 1) & 7) << 2) | ((GET_BYTE(ulid, 2) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 2) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 2) & 1) << 4) | ((GET_BYTE(ulid, 3) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 3) & 15) << 1) | ((GET_BYTE(ulid, 4) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 4) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 4) & 3) << 3) | ((GET_BYTE(ulid, 5) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 5) & 31)));

-- Encode the entropy output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 6) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 6) & 7) << 2) | ((GET_BYTE(ulid, 7) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 7) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 7) & 1) << 4) | ((GET_BYTE(ulid, 8) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 8) & 15) << 1) | ((GET_BYTE(ulid, 9) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 9) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 9) & 3) << 3) | ((GET_BYTE(ulid, 10) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 10) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 11) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 11) & 7) << 2) | ((GET_BYTE(ulid, 12) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 12) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 12) & 1) << 4) | ((GET_BYTE(ulid, 13) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 13) & 15) << 1) | ((GET_BYTE(ulid, 14) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 14) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 14) & 3) << 3) | ((GET_BYTE(ulid, 15) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 15) & 31)));

RETURN output; END $$ LANGUAGE plpgsql VOLATILE; ```

ULID TO UUID

```sql CREATE OR REPLACE FUNCTION parse_ulid(ulid text) RETURNS bytea AS $$ DECLARE -- 16byte bytes bytea = E'\x00000000 00000000 00000000 00000000'; v char[]; -- Allow for O(1) lookup of index values dec integer[] = ARRAY[ 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 255, 255, 255, 255, 255, 255, 255, 10, 11, 12, 13, 14, 15, 16, 17, 1, 18, 19, 1, 20, 21, 0, 22, 23, 24, 25, 26, 255, 27, 28, 29, 30, 31, 255, 255, 255, 255, 255, 255, 10, 11, 12, 13, 14, 15, 16, 17, 1, 18, 19, 1, 20, 21, 0, 22, 23, 24, 25, 26, 255, 27, 28, 29, 30, 31 ]; BEGIN IF NOT ulid ~* '^[0-7][0-9ABCDEFGHJKMNPQRSTVWXYZ]{25}$' THEN RAISE EXCEPTION 'Invalid ULID: %', ulid; END IF;

v = regexp_split_to_array(ulid, '');

-- 6 bytes timestamp (48 bits) bytes = SET_BYTE(bytes, 0, (dec[ASCII(v[1])] << 5) | dec[ASCII(v[2])]); bytes = SET_BYTE(bytes, 1, (dec[ASCII(v[3])] << 3) | (dec[ASCII(v[4])] >> 2)); bytes = SET_BYTE(bytes, 2, (dec[ASCII(v[4])] << 6) | (dec[ASCII(v[5])] << 1) | (dec[ASCII(v[6])] >> 4)); bytes = SET_BYTE(bytes, 3, (dec[ASCII(v[6])] << 4) | (dec[ASCII(v[7])] >> 1)); bytes = SET_BYTE(bytes, 4, (dec[ASCII(v[7])] << 7) | (dec[ASCII(v[8])] << 2) | (dec[ASCII(v[9])] >> 3)); bytes = SET_BYTE(bytes, 5, (dec[ASCII(v[9])] << 5) | dec[ASCII(v[10])]);

-- 10 bytes of entropy (80 bits); bytes = SET_BYTE(bytes, 6, (dec[ASCII(v[11])] << 3) | (dec[ASCII(v[12])] >> 2)); bytes = SET_BYTE(bytes, 7, (dec[ASCII(v[12])] << 6) | (dec[ASCII(v[13])] << 1) | (dec[ASCII(v[14])] >> 4)); bytes = SET_BYTE(bytes, 8, (dec[ASCII(v[14])] << 4) | (dec[ASCII(v[15])] >> 1)); bytes = SET_BYTE(bytes, 9, (dec[ASCII(v[15])] << 7) | (dec[ASCII(v[16])] << 2) | (dec[ASCII(v[17])] >> 3)); bytes = SET_BYTE(bytes, 10, (dec[ASCII(v[17])] << 5) | dec[ASCII(v[18])]); bytes = SET_BYTE(bytes, 11, (dec[ASCII(v[19])] << 3) | (dec[ASCII(v[20])] >> 2)); bytes = SET_BYTE(bytes, 12, (dec[ASCII(v[20])] << 6) | (dec[ASCII(v[21])] << 1) | (dec[ASCII(v[22])] >> 4)); bytes = SET_BYTE(bytes, 13, (dec[ASCII(v[22])] << 4) | (dec[ASCII(v[23])] >> 1)); bytes = SET_BYTE(bytes, 14, (dec[ASCII(v[23])] << 7) | (dec[ASCII(v[24])] << 2) | (dec[ASCII(v[25])] >> 3)); bytes = SET_BYTE(bytes, 15, (dec[ASCII(v[25])] << 5) | dec[ASCII(v[26])]);

RETURN bytes; END $$ LANGUAGE plpgsql IMMUTABLE;

CREATE OR REPLACE FUNCTION ulid_to_uuid(ulid text) RETURNS uuid AS $$ BEGIN RETURN encode(parse_ulid(ulid), 'hex')::uuid; END $$ LANGUAGE plpgsql IMMUTABLE; ```

UUID to ULID

```sql CREATE OR REPLACE FUNCTION uuid_to_ulid(id uuid) RETURNS text AS $$ DECLARE encoding bytea = '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; output text = ''; uuid_bytes bytea = uuid_send(id); BEGIN

-- Encode the timestamp output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 0) & 224) >> 5)); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 0) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 1) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 1) & 7) << 2) | ((GET_BYTE(uuid_bytes, 2) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 2) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 2) & 1) << 4) | ((GET_BYTE(uuid_bytes, 3) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 3) & 15) << 1) | ((GET_BYTE(uuid_bytes, 4) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 4) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 4) & 3) << 3) | ((GET_BYTE(uuid_bytes, 5) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 5) & 31)));

-- Encode the entropy output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 6) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 6) & 7) << 2) | ((GET_BYTE(uuid_bytes, 7) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 7) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 7) & 1) << 4) | ((GET_BYTE(uuid_bytes, 8) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 8) & 15) << 1) | ((GET_BYTE(uuid_bytes, 9) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 9) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 9) & 3) << 3) | ((GET_BYTE(uuid_bytes, 10) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 10) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 11) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 11) & 7) << 2) | ((GET_BYTE(uuid_bytes, 12) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 12) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 12) & 1) << 4) | ((GET_BYTE(uuid_bytes, 13) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 13) & 15) << 1) | ((GET_BYTE(uuid_bytes, 14) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 14) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 14) & 3) << 3) | ((GET_BYTE(uuid_bytes, 15) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 15) & 31)));

RETURN output; END $$ LANGUAGE plpgsql IMMUTABLE; ```

Gera 11 Digitos aleatórios: YBKXG0CKTH4

```sql -- Cria a extensão pgcrypto para gerar uuid CREATE EXTENSION IF NOT EXISTS pgcrypto;

-- Cria a função para gerar ULID CREATE OR REPLACE FUNCTION gen_lrandom() RETURNS TEXT AS $$ DECLARE ts_millis BIGINT; ts_chars TEXT; random_bytes BYTEA; random_chars TEXT; base32_chars TEXT := '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; i INT; BEGIN -- Pega o timestamp em milissegundos ts_millis := FLOOR(EXTRACT(EPOCH FROM clock_timestamp()) * 1000)::BIGINT;

-- Converte o timestamp para base32
ts_chars := '';
FOR i IN REVERSE 0..11 LOOP
    ts_chars := ts_chars || substr(base32_chars, ((ts_millis >> (5 * i)) & 31) + 1, 1);
END LOOP;

-- Gera 10 bytes aleatórios e converte para base32
random_bytes := gen_random_bytes(10);
random_chars := '';
FOR i IN 0..9 LOOP
    random_chars := random_chars || substr(base32_chars, ((get_byte(random_bytes, i) >> 3) & 31) + 1, 1);
    IF i < 9 THEN
        random_chars := random_chars || substr(base32_chars, (((get_byte(random_bytes, i) & 7) << 2) | (get_byte(random_bytes, i + 1) >> 6)) & 31 + 1, 1);
    ELSE
        random_chars := random_chars || substr(base32_chars, ((get_byte(random_bytes, i) & 7) << 2) + 1, 1);
    END IF;
END LOOP;

-- Concatena o timestamp e os caracteres aleatórios
RETURN ts_chars || random_chars;

END; $$ LANGUAGE plpgsql; ```

Exemplo de USO

```sql -- Criação da extensão caso não exista CREATE EXTENSION IF NOT EXISTS pgcrypto; -- Criação da tabela pessoas CREATE TABLE pessoas ( ID UUID DEFAULT gen_random_uuid ( ) PRIMARY KEY, nome TEXT NOT NULL );

-- Busca Pessoa na tabela SELECT * FROM "pessoas" WHERE uuid_to_ulid ( ID ) = '252FAC9F3V8EF80SSDK8PXW02F'; ```

Fontes

• https://github.com/scoville/pgsql-ulid
• https://github.com/geckoboard/pgulid

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

---

Pregled sadržaja

1. Šta uzrokuje Inflaciju?
2. Da li nam je infacija potrebna?
3. Kako se meri inflacija?
4. Da li inflacija pokreće ekonomski rast?
5. Da li inflacija pokreće ili umanjuje nejednakost bogatstva?
6. Gde se danas javlja inflacija?
7. Šta je deflacija?
8. Kakav uticaj inflacija ima na društvo?

Inflacija može da bude uznemirujuća tema, jer uključuje amorfni koncept novca. Međutim, inflacija je zapravo jednostavna tema koja je napravljena da bude složena razdvajanjem novca i drugih dobara. U ovom članku razlažemo inflaciju i njene uzroke.

Najjednostavnija definicija inflacije je rast cena dobara i usluga. Kada cene rastu, to takođe znači da vrednost jedinice novca – poput dolara – opada. Uzmimo primer McDonald’s hamburgera: 1955. ovaj skromni hamburger se prodavao za samo 15 centi. U 2018. godini se prodavao za 1,09 USD. U 2021. godini prodaje se za 2,49 USD – ogroman rast cene od 1650%.

To znači da je dolar izgubio dosta svoje vrednosti. 1955. godine mogli ste da kupite gotovo 7 hamburgera za novčanicu od jednog dolara. 2021. godine taj dolar vam ne bi kupio ni jedan hamburger. Zašto se čini da cene uvek rastu tokom vremena? I šta možete da učinite povodom toga? Ovaj članak ima za cilj da odgovori na ta pitanja.

Ekonomisti pokušavaju da sumiraju rast cena mnogih dobara i usluga kao jedan prosečan broj. Ovaj broj predstavlja promenu ukupnih troškova u godišnjim troškovima prosečnog potrošača, kao što su stanarina, hrana i gorivo.

U Sjedinjenim Državama ovaj broj je poznat kao Indeks Potrošačkih Cena, eng. Consumer Price Index (CPI). Kada se CPI poveća tokom određenog vremenskog perioda, ekonomisti kažu da imamo inflaciju. Kada se smanji, to se naziva deflacija.

Šta uzrokuje Inflaciju?

Mnogi izvori kažu da je stalna inflacija koju danas doživljavamo ili uzrokovana povećanjem potražnje (eng. demand-pull) ili smanjenjem ponude usled povećanih proizvodnih troškova (eng. cost-push).

Ovi razlozi nisu tačni – hajde da pogledamo zašto.

Da bismo razumeli pravi razlog inflacije, moramo da sagledamo dve vrste inflacije:

1. Inflacija Cena: Cene vremenom rastu.
2. Monetarna Inflacija: Količina valute u opticaju raste sa vremenom.

Prva, inflacija cena, retko se javlja tokom dužih perioda (decenije, vekovi) zbog povećane potražnje ili povećanih troškova. Zašto? Tržišta teže da se uravnoteže. Tokom istorije smo više puta videli da povećana potražnja za dobrom povećava njegovu cenu, što podstiče proizvođače da proizvode više tog dobra. Kada se ponuda poveća, cene se smanjuju.

Ovaj ciklus može da potraje nekoliko godina, i javlja se kod gotovo svake robe i „konačnog dobra“ (automobili, televizori, hrana itd.) na Zemlji. Izuzetak su retki metali poput zlata i srebra. Dokazi o tome su prikazani u nastavku.

Kada se poveća trošak za proizvodnju dobra, cena tog dobra često raste da bi pokrila te troškove. Ovaj rast cene dovodi do toga da potrošači tog dobra traže alternativu ili smanjuju potrošnju tog dobra, što dovodi do pada cena na prethodni nivo.

Tržište se prirodno uravnotežava, a cene se smanjuju ili povećanjem ponude ili smanjenjem potražnje.

Da li imamo dokaze da tržišta vremenom uravnotežuju ponudu i potražnju?

Podaci o cenama robe tokom vremena mogu nam dati bolje razumevanje da li tržišta zaista efikasno uravnotežuju ponudu i potražnju. Međutim, cene ne možemo da posmatramo u smislu nacionalnih valuta, jer naše vlade uvek štampaju više svojih nacionalnih valuta.

Oni sprovode monetarnu inflaciju, koja može da izazove inflaciju cena. Posmatranje tržišnih cena u smislu nacionalnih valuta, poput američkog dolara, je poput merenja visine lenjirom koji se neprestano smanjuje. Vaša visina u broju biće sve veća i veća, ali stvarna visina se ne menja.

Mi možemo da znamo da li tržišta uravnotežuju ponudu i potražnju gledajući cene dobara u smislu monetarnog dobra koje ima vrlo konzistentnu ponudu tokom vremena.

Vremenom se pokazalo da zlato ima najmanju monetarnu inflaciju od svih postojećih valuta i dobara. To čini zlato odličnim ‘lenjirom’ za merenje da li tržišta vremenom uravnotežuju ponudu i potražnju. Da bismo bolje razumeli inflaciju cena tokom vremena, pitaćemo koliko unci zlata nešto košta tokom vremena.

Cene u zlatu pokazuju nam da se tržišta vremenom uravnotežuju

Ako cene dobara posmatramo u obliku zlata, vidimo da cene robe prate srednje tačke tokom dužih vremenskih perioda.

Nafta, na primer, je vrlo nestabilna, ali ima tendenciju da se kreće oko 2,5 grama zlata po barelu.

WTI Sirova Nafta u gramima Zlata po Barelu

Cena nafte je promenljiva, ali tokom decenija ima tendenciju da se kreće po strani.

Cene kuća tokom proteklih 10 godina takođe su prilično stabilne, iako imamo fiksnu količinu zemlje na planeti. Vidimo da cene kuća u pogledu zlata imaju tendenciju da variraju oko indeksne cene od oko 80, prikazane na grafikonu.

Shiller-ov US indeks cena kuća u USD i zlatu

Ovaj grafikon je na logaritamskoj skali, što nam omogućava da vizualizujemo zapanjujuća povećanja u zelenoj liniji, koja predstavlja domove u dolarima.

Grafički izražene u američkim dolarima, cene ovih dobara uvek rastu – baš kao i McDonald’s hamburger. Da su povećana potražnja ili povećani troškovi odgovorni za konstantnu inflaciju cena, takođe bismo videli kako se cena ove robe povećava u smislu zlata. Podaci iznad pokazuju da su cene konstantne.

Moraju da postoje i drugi razlozi za upornu inflaciju cena koju smo videli u dolarskim iznosima tokom proteklog veka.

Evo šta znamo o tome šta dugoročno utiče na cene, kao u periodu od 1955. do 2018. godine:

1. Rast produktivnosti uzrokovan inovacijama, što dovodi do pada cena tokom vremena
2. Monetarna inflacija – štampanje velikih količina valute – koja uzrokuje porast cena denominovanih u toj valuti tokom vremena

Znamo da cene izražene u dolarima, eurima i ostalim valutama neprestano rastu. Ako ne mislimo da naša produktivnost kao društva ide unazad, postoji samo jedan jednostavan razlog za inflaciju cena: štampanje većih količina valute, iliti monetarna inflacija.

Naše vlade i banke su zapravo prilično iskrene u pogledu zapanjujućih količina valute koje štampaju. Oni nam svakodnevno govore da oni uzrokuju monetarnu inflaciju.

Da li nam je infacija potrebna?

Bez uporne monetarne inflacije (koja uzrokuje inflaciju cena), naša celokupna savremena ekonomija bi se srušila.

The Guardian

Dozvolite da vam objasnim. Sledeći odeljak može da bude šokantan, i ohrabrujem vas da i sami istražite ukoliko mislite da nisam u pravu.

Kada centralne banke i komercijalne banke daju zajmove, one stvaraju novu valutu.

Kada centralne banke daju zajmove vladama “kupujući državni dug”, one stvaraju novu valutu kada to urade. To omogućava vladama da vode budžetski deficit trošeći više nego što uzimaju od poreza. U tom procesu državni dug se nagomilava.

Komercijalne banke stvaraju novu valutu kada daju zajmove fizičkim licima i preduzećima. Jedino ograničenje koliko novog novca mogu da stvore je zakonski zahtev da banka ima na raspolaganju određeni procenat od ukupnog iznosa novca koji su ljudi deponovali. Zbog toga je naš bankarski sistem poznat kao delimična rezerva – banke pri ruci moraju da imaju samo deo vašeg novca.

Stvaranje valute je neophodno da bi održalo sistem u životu

Budući da se svi zajmovi uglavnom sastoje od novostvorene valute, mora se stvoriti još više valute da bi se taj dug otplatio. A evo i zašto:

Recimo da su prošle godine sve svetske kreditne aktivnosti dovele do stvaranja 100 milijardi dolara. Svih tih 100 milijardi dolara je novostvoreno, i one se duguju bankama sa nekom dodatnom vrednošću za kamate. Odakle dolazi ova dodatna valuta za plaćanje kamata? Budući da ovde govorimo o celokupnoj svetskoj ekonomiji, to plaćanje kamata mora da dodje iz nove količine novostvorene valute.

Sve jedinice današnjih valuta nastale su pozajmljivanjem, a isplata kamate na te zajmove znači da moramo stalno da stvaramo još više nove valute. To dovodi do beskrajne monetarne inflacije. Kada nova valuta cirkuliše kroz ekonomiju, to dovodi do porasta cena: inflacije cena.

Previše monetarne inflacije može dovesti do hiperinflacije cena. U Venecueli je krajem 2018. godine piletina koštala preko 14 miliona Bolivara. Izvor: NBC News

Monetarni sistem se raspada ako se ova monetarna inflacija zaustavi, jer bi to značilo da veliki broj onih koji su uzeli zajam širom sveta ne bi mogao da vrati novac koji su pozajmili – oni ne bi izmirili svoje dugove.

Banke ili zajmodavci koji drže dug tada bi imali bezvrednu imovinu. Budući da vrednost duga podupire vrednost valute, vrednost valute bi strmoglavo padala zajedno sa dugom.

Kada ljudi izgube poverenje u ’tradicionalnu’ valutu, ona brzo postane bezvredna. To se dogodilo u Nemačkoj nakon Prvog svetskog rata, u Peruu devedesetih, Jugoslaviji 1994. ,Zimbabveu, Venecueli i sa još bezbroj drugih tradicionalnih valuta. Da bi odložile ovaj neizbežni ishod dokle god mogu, centralne banke jačaju poverenje u sistem nastavljajući da štampaju valutu stabilnim kursom.

Ovo osigurava da većina ljudi koju su uzeli zajam ima valutu za otplatu svojih kredita. Upravo to se dešava kada vlada izvrši „spas“ kao 2008. ili 2020. – oni osiguravaju da svi imaju dovoljno novca za plaćanje dugova, tako da laž može da se nastavi.

Inflacija ne dolazi iz povećanja potražnje

Sa više valute u opticaju, monetarna inflacija može da izgleda kao povećanje potražnje. Međutim, ekonomisti koji kažu da povećana potražnja pokreće stabilnu inflaciju tokom decenija propuštaju suptilnu poentu: iako monetarna inflacija može da prouzrokuje veću potrošnju, to nije zato što su ljudi zaista bogatiji, već zato što veruju da su bogatiji.

Kada se puno novca ubrizga u ekonomiju, cene jednostavno rastu jer više valute pokriva istu količinu robe. Rast cena znači pad vrednosti valute, tako da nema realnog povećanja stvarnog bogatstva, iako ljudi možda “troše više” u nominalnom iznosu valute.

Uzmimo ovaj primer: vi mesečno zarađujete 1.500 EUR, i prema svom trenutnom načinu života vi mesečno trošite oko 1.500 EUR. Dolazi vlada i počinje da vam daje dodatnih 500 EUR svakog meseca – vi se osećate poprilično dobro, zar ne? Sada možete da izlazite češće u restoran.

Međutim, vlada daje svima po 500 EUR mesečno, i svi ostali takođe troše taj novac. Ekonomista u vladinoj kancelariji, vidi da sada svi troše tih dodatnih 500 EUR mesečno i zaključuje da je vlada ‘stimulisala ekonomiju’.

Ipak, kako sav taj dodatni novac kruži ekonomijom, cene prirodno rastu. Sada vam je potrebno 2.000 EUR da biste održali svoj trenutni način života.

Da li si nešto bogatiji?

Vi možda imate više eura na vašem bankovnom računu, ali svaki od njih vam kupuje manje. Sada trošite 2.000 EUR mesečno da biste živeli životnim stilom koji vas je nekada koštao samo 1.500 EUR mesečno.

Ovo je ono što monetarna inflacija radi, i zašto je toliko pametnih ekonomista zavarano da misle da povećana potražnja, radije nego štampanje novca, pokreće trajnu inflaciju cena.

Da li smo uvek imali inflaciju?

Stalna inflacija cena relativno je nedavna pojava u modernim ekonomijama i započela je u vreme kada su Sjedinjene Države počele da konstantno štampaju valutu. Ako bi promene ponude i potražnje zaista dugoročno uzrokovale inflaciju cena, videli bismo inflaciju cena tokom istorije. Podaci govore drugačiju priču.

Indeks potrošačkih cena, koji se povećava kada imamo inflaciju cena, bio je prilično konstantan pre početka našeg trenutnog tradicionalnog ’fiat’ monetarnog sistema.

Taj sistem je započeo Bretton Woods-ovim sporazumom iz 1945. godine, a ubrzao se kada je Nixon 1971. okončao svetski zlatni standard.

Indeks potrošačkih cena, Sjedinjene Države, 1790-2015

Kako se meri inflacija?

Inflacija cena se često prikazuje kao promena indeksa potrošačkih cena (CPI). CPI je prosek cena raznih dobara koje ljudi kupuju u svakodnevnom životu: hrane, goriva, stanovanja itd. U Sjedinjenim Državama, vladin odsek pod nazivom Biro za statistiku rada (BLS) meri promene cena. To rade tako što posećuju maloprodajne radnje, beleže cene, računaju prosek i izveštavaju godišnju inflaciju kao promenu u odnosu na prošlu godinu.

Stopa inflacije koja se izveštava, je važna svima jer se koristi za određivanje povećanja troškova života i socijalnih davanja, poput plaćanja socijalnog osiguranja. Kada se CPI prilagodi naniže, isplate zarada i naknada su manje nego što bi trebalo da budu.

Efekti su se vremenom sjedinili: osoba koja u svojoj prvoj godini rada zaradi 40.000 USD zarađivaće samo 52.000 USD u svojoj desetoj godini staža, sa povećanim troškovima života od 3% da bi se plata podudarala sa inflacijom. Ako bi vlada umesto toga prijavila inflaciju od 6%, ta osoba bi u svojoj desetoj godini zarađivala 67.500 USD – tj. oko 30% više. Način na koji izračunavamo i prijavljujemo inflaciju ima ogroman uticaj na zaradu većine zaposlenih i građana.

Ovo je inflacija (procentualna promena u CPI) izmerena u poslednjih 20 godina u Sjedinjenim Državama:

Prvobitno je BLS jednostavno beležio cenu korpe robe široke potrošnje svake godine. Međutim, istraživanje Boskinove Komisije 1996. godine dovelo je do novih alata koji Birou za statistiku rada omogućavaju prilagođavanje cena u CPI. Dva najvažnija alata su geometrijsko ponderisanje i hedonika.

Geometrijsko Ponderisanje

Geometrijsko ponderisanje znači da kupovne navike sada mogu da utiču na to koliko promena cene pojedinog dobra utiče na CPI. Ako potrošači kupe manje robe, ona ima manju težinu kada se ubaci u presek indeksa potrošačkih cena. Boskinova Komisija je tvrdila da bi ova promena pomogla da se promene sklonosti potrošača. Međutim, ne postoji način da se utvrdi da li ljudi menjaju svoje kupovne navike jer zapravo žele da kupuju različite stvari. Vrlo je moguće da ljudi kupuju manje određenog dobra jer ono raste u ceni. Stoga geometrijsko ponderisanje uzrokuje da roba sa velikim rastom cena ima manje uticaja na CPI, što dovodi do niže prijavljene inflacije.

Hedonika

Hedonika omogućava Birou za statistiku rada da menja cenu dobra na osnovu njegovog opaženog povećanja ‘korisnosti’ tokom vremena. Evo primera: recimo da se televizor sa rezolucijom od 720p 2009. godine prodavao za 200 USD. U 2010. godini isti model televizora sada ima rezoluciju od 1080p i prodaje se po istoj ceni: 200 USD. Međutim, pošto se tehnologija u televizoru poboljšala, zaposleni u Birou za statistiku rada mogu da izmisle ‘korisni’ broj i pomoću njega oduzmu deo vrednosti od cene televizora. Kao rezultat, BLS može da kaže da TV košta 180 USD u 2010. godini – iako je njegova cena 200 USD. Ovo dovodi do pada prijavljene inflacije.

Oba ova prilagođavanja smanjuju prijavljenu stopu inflacije, što smanjuje povećanje troškova života i isplate naknada za socijalno osiguranje. Koliko ta prilagođavanja inflacije pogađaju radničku klasu i penzionere? Neke procene, poput procena ekonomiste John Williams-a, sa koledža u Darmouthu, stavljaju stvarnu inflaciju u SAD na u proseku 3% – 6% više nego što je izveštavano od strane Bira za statistiku rada. To bi inflaciju u 2020 dovelo do 5% – 8%, umesto na prijavljenih 2%.

U 2021. godini prijavljena inflacija je 5.4%, u prvom kvartalu.

Da li inflacija pokreće ekonomski rast?

Mnogi ljudi veruju da stabilna inflacija pokreće ekonomski rast podstičući investicije i potrošnju umesto štednje. Međutim, osnovni ekonomski podaci pobijaju ovu uobičajenu tvrdnju.

Ako za primer uzmemo Sjedinjene Države, nacija je imala samo kratke periode inflacije od 1775. do oko 1950. godine, kao što pokazuje indeks potrošačkih cena koji je ostao nepromenjen. Inflacija dobija zamah tek nakon 1971. godine, pa bi bilo za očekivati da će i stopa rasta bruto domaćeg proizvoda (BDP) Sjedinjenih Država porasti nakon 1971. godine.

Indeks potrošačkih cena, Sjedinjene Države, 1790-2015

Međutim, vidimo da se bruto domaći proizvod (BDP) po stanovniku u Sjedinjenim Državama, uobičajena mera ekonomske snage, neprekidno povećavao od 1820. godine do danas po stopi od oko 1,85% godišnje. Ne postoji porast oko 1971. godine, uprkos rastućoj inflaciji koja je započela u to vreme.

Ovo je logaritamski grafikon, koji nam omogućava da bolje vizualizujemo rast tokom vremena: što više logaritamski grafikon podseća na pravu liniju, to je stopa promene konzistentnija. Za više detalja, ovde pogledajte naslov: Rast na tehnološkoj granici i rast dostizanja.

To pokazuje da inflacija ne pokreće ekonomski rast.

Nažalost, imamo dokaze da inflacija ima i druge neželjene posledice, poput nejednakosti bogatstva. Koncentracija bogatstva u top 1%, počela je da raste krajem 1970-ih, nekoliko godina nakon što su Sjedinjene Države skinule svet sa zlatnog standarda i pretvorile se u monetarni sistem zasnovan na dugovima koji zahteva monetarnu inflaciju, a time i inflaciju cena, da bi preživeo.

Za potpunu istoriju tranzicije novca sa robnog sistema na dužni sistem, pročitajte naš članak o novcu.

Da li inflacija pokreće ili umanjuje nejednakost bogatstva?

Veza između inflacije i nejednakosti bogatstva postaje jasna kada pogledamo kako novostvorena valuta ulazi u ekonomiju. Vlade, komercijalne banke, velike korporacije i bogati često koriste kredite da bi iskoristili prednosti svojih moći. Kada podignu kredite, oni novonastalu valutu dobijaju ranije od svih ostalih. Oni imaju koristi od inflacije trošenjem nove valute pre nego što cene počnu da rastu kao rezultat te nove valute koja kruži u ekonomiji. Veliki i bogati subjekti često mogu da dobiju kredite po nižim troškovima od prosečnog građanina ili malog preduzeća. To znači da mogu da povećaju svoje poslovanje i bogatstvo brže od manjih firmi.

Bogati mogu da dobiju jeftine zajmove, zahvaljujući Federalnim Rezervama koje zadržavaju niske kamatne stope. To im omogućava da koriste ovo prednost za ostvarivanje ogromne dobiti.

Inflacija pogadja one koji rade za platu i ne mogu da ulože veći deo svog prihoda. Zarade se polako menjaju, ponekad se uskladjuju samo jednom godišnje. Kao rezultat, cene osnovnih dobara i usluga često rastu mnogo pre nego što zarade porastu. Cena potrošačke korpe takođe se smanjuje sa manipulacijama indeksom potrošačkih cena (CPI) koji skriva rast inflacije.

Gde se danas javlja inflacija?

Rekordno visoka inflacija javlja se u zemljama kao što su Venecuela, Zimbabve, Turska, Iran, Kuba, Južna Afrika i Argentina. To dovodi do sloma trgovine i političke nestabilnosti.

U razvijenom svetu vlade izveštavaju o niskoj inflaciji cena. Međutim, globalni bankarski sistem stvara nove valute u tonama – u toku je velika monetarna inflacija. Centralne banke dovode do sve većeg stvaranja valuta snižavanjem kamatnih stopa. To dovodi do toga da korporacije i pojedinci mogu da uzimaju jeftinije kredite, a svaki kredit znači stvaranje nove valute. Od 2008. godine, gotovo sve glavne centralne banke postavile su kamatne stope blizu nule.

Mnoge centralne banke takođe su pozajmljivale ogromne iznose vladama i bankama koje su propale nakon finansijske krize 2008. godine. Za samo nekoliko meseci, ovo je udvostručilo (ponekad utrostručilo ili učetvorostručilo) novčanu masu mnogih nacija. Oni su ovo nazvali „kvantitativno ublažavanje“.

Ako banke koriste toliku monetarnu inflaciju, zašto onda mi ne vidimo inflaciju cena?

Jednostavno rečeno, većina nove valute nije dospela u ruke običnih ljudi. Kada obični ljudi budu mogli da potroše novoštampanu valutu na svoje svakodnevne potrebe, tada ćemo videti rast CPI i inflacije.

Danas većina valuta ulazi u svet putem bankarskih zajmova, pa banke igraju veliku ulogu u tome gde se dešava inflacija. Banke prvenstveno pozajmljuju vrlo ‘sigurnim’ klijentima poput bogatih pojedinaca, vlada i velikih korporacija. Ovi subjekti kupuju luksuznu robu, umetnička dela, finansijsku imovinu i državne obveznice.

Cene ovih vrsta imovine nisu uključene u CPI, tako da je prijavljena inflacija niska. Kao rezultat, povećanje plata i isplate socijalnog osiguranja su takođe na niskom nivou.

Bogati su uživali u periodu od 2008. do 2021. godine, kada je njihova imovina upumpavana sa velikom količinom novog novca proizvedenog od bankarskih kredita!

Šta se dešava kada nova valuta dodje u ruke običnih ljudi?

Nažalost, jednog dana će sva ova nova valuta da uđe u normalnu ekonomiju i time će se povećati cene svakodnevne robe. To je poćelo da se dešava 2021. godine kao rezultat stimulativnih programa COVID-19 u Sjedinjenim Državama, koji su ljudima distribuirali trilione dolara. Iako je ovo zasigurno poželjnije od spašavanja korporacija, svaka vrsta spašavanja koja uključuje štampanje novca ima gadne dugoročne efekte.

Ovo što sada doživljavamo dogodilo se u Nemačkoj tokom i posle Prvog svetskog rata. Cene u Nemačkoj su zapravo pale tokom Prvog svetskog rata uprkos velikom stvaranju valute od strane Nemačke centralne banke. Nisko poverenje u ekonomiju sprečavalo je nemački narod da troši novac. Međutim, kad se rat završio i kada su ljudi ponovo počeli da ga troše, cene su vrlo naglo skočile i valuta je postala bezvredna. To bi moglo da se dogodi 2020-ih u Sjedinjenim Državama, sa obzirom na predložene programe podsticaja.

Politike poput Univerzalnog Osnovnog Dohotka, eng. Universal Basic Income (UBI), koje izgledaju pogodne za njihova obećanja da će “spasiti ljude”, takođe mogu da pokrenu hiperinflaciju. Obični ljudi bi se osećali imućnije, trošili bi svoju novoštampanu valutu i doveli do brzog rasta cena. Ovo bi u suštini poništilo pozitivan uticaj građana koji dobijaju “besplatan novac” svakog meseca.

Pa kako onda vi možete da zaštitite svoju ušteđevinu od inflacije? Kupujte imovinu koja je retka, potcenjena i koju vlade teško mogu da prigrabe. Ova imovina su plemeniti metali poput zlata, i Bitcoin.

Šta je deflacija?

Deflacija znači pad cena tokom vremena. Mnogi ekonomisti kažu da će ovo dovesti do toga da ljudi gomilaju valutu i da će dovesti do ekonomskog kolapsa, jer ljudi prestaju da kupuju robu i ulažu u preduzeća. To jednostavno nije tačno, jer ljudi uvek imaju potrebe i želje zbog kojih kupuju odredjenu robu. Stalni pad cena tokom vremena jednostavno bi promenio psihologiju potrošačke kulture u kojoj živimo.

Potrošačka kultura potiče od inflacije

Kako je to istina? Pogledajmo na sledećem primeru. Recimo da želite novi auto i da imate dovoljno novca da ga kupite. Poznato je da u našem svetu zbog stalne inflacije vaš novac vremenom postaje sve manje i manje vredan. U paralelnom svemiru u kojem se javlja stalna deflacija, vaš novac vremenom postaje sve vredniji.

• Uz konstantnu inflaciju, auto će koštati nešto više sledeće godine, i nešto više naredne godine. Niste sigurni gde da uložite novac da biste sa vremenom sigurno očuvali njegovu kupovnu moć. Ako niste sigurni da li ćete da kupite auto, ima više finansijskog smisla da ga kupite odmah, da biste dobili najbolju ponudu.
• Uz konstantnu deflaciju, auto će koštati nešto manje sledeće, i još manje naredne godine. Ako samo čuvate vaš novac, sledeće godine ćete dobiti bolju ponudu za auto. Ako niste sigurni da li ćete da kupite auto, ima više finansijskog smisla da sačekate malo duže da biste dobili bolju ponudu.

Sada razmislite o ta dva scenarija, pomnožena bilionima ljudi i proizvoda. Uz konstantnu inflaciju, svako ima malo više razloga da kupuje stvari upravo sada. Uz konstantnu deflaciju, svi sada imaju malo manje razloga da kupuju. Upravo na taj način inflacija je u osnovi naše materijalističke, potrošačke kulture. Deflacija bi mogla da bude lek.

Inflacija uzrokuje loše investicije

Vaš novac godišnje gubi “2%” svoje vrednosti zbog inflacije. Sada, recimo da vas Stefan pita da investirate u njegov Fast food. Nakon uvida u brojeve, verujete da ćete ovom investicijom izgubiti 1% od vrednosti svog novca. Gubitak od 1% u Stefanovom poslu bolji je od gubitka od 2% zbog inflacije, pa se vi odlučujete da uložite. Ovo je loša investicija, eng. malinvestment – investirajući vi ćete da izgubite deo vrednosti. Međutim, čuvanje valute je još gore, zato ulažete.

Mnogi investitori, poput penzijskih fondova, danas su prisiljeni da investiraju u neprofitabilne biznise zbog investicionih mandata i same veličine njihove ‘imovine pod upravljanjem’.

Pristalice konstantno niske inflacije veruju da bi deflacija smanjila investicije. Međutim, to bi samo smanjilo ulaganje u preduzeća sa negativnim očekivanim prinosom poput Stefanovog Fast food-a. Na primer, recimo da je deflacija u proseku oko 2% godišnje. Na ovom tržištu investitori bi jednostavno prestali da ulažu u projekte za koje misle da će im zaraditi manje od 2% godišnjeg povrata ulaganja.

Neznatno deflaciona valuta obeshrabriće ulaganja u lažna i loša preduzeća i podstaći ulaganje u solidna preduzeća koja svetu dodaju vrednost.

Kakav uticaj inflacija ima na društvo?

Inflacija pokreće povećanu potrošnju, smanjenu štednju i povećani dug. Sve ove stvari dovode do toga da većina ljudi mora da radi više sati i duže u starosti. Iako inflacija kažnjava one koji rade za platu, ona obogaćuje vlasnike bilo koje imovine koja dobija na ceni kada nova valuta uđe u sistem. Ova imovina uključuje akcije, umetnička dela, nekretnine i drugu imovinu koju bogataši koriste za čuvanje svog bogatstva.

Vremenom ljudi i firme izmišljaju nove načine za jeftinije stvaranje dobara i usluga višeg kvaliteta. Ovo je poznato kao ‘rast produktivnosti’ i trebalo bi da uzrokuje da cene tokom vremena konstantno padaju, a ne da rastu. Samo konstantno stvaranje valute koje je neophodno zbog monetarnog sistema zasnovanog na dugu naše vlade uzrokuje stalnu inflaciju i njene loše efekte.

Ako vam se sviđa moj rad, molim vas da ga podelite sa svojim prijateljima i porodicom. Cilj mi je da svima pružim pogled u ekonomiju i na to kako ona utiče na njihov život.

@ 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.

---

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

@ 0fa80bd3:ea7325de

The land that belongs to the indigenous peoples of Russia has been seized by a gang of killers who have unleashed a war of extermination. They wipe out anyone who refuses to conform to their rules. Those who disagree and stay behind are tortured and killed in prisons and labor camps. Those who flee lose their homeland, dissolve into foreign cultures, and fade away. And those who stand up to protect their people are attacked by the misled and deceived. The deceived die for the unchecked greed of a single dictator—thousands from both sides, people who just wanted to live, raise their kids, and build a future.

Now, they are forced to make an impossible choice: abandon their homeland or die. Some perish on the battlefield, others lose themselves in exile, stripped of their identity, scattered in a world that isn’t theirs.

There’s been endless debate about how to fix this, how to clear the field of the weeds that choke out every new sprout, every attempt at change. But the real problem? We can’t play by their rules. We can’t speak their language or use their weapons. We stand for humanity, and no matter how righteous our cause, we will not multiply suffering. Victory doesn’t come from matching the enemy—it comes from staying ahead, from using tools they haven’t mastered yet. That’s how wars are won.

Our only resource is the will of the people to rewrite the order of things. Historian Timothy Snyder once said that a nation cannot exist without a city. A city is where the most active part of a nation thrives. But the cities are occupied. The streets are watched. Gatherings are impossible. They control the money. They control the mail. They control the media. And any dissent is crushed before it can take root.

So I started asking myself: How do we stop this fragmentation? How do we create a space where people can rebuild their connections when they’re ready? How do we build a self-sustaining network, where everyone contributes and benefits proportionally, while keeping their freedom to leave intact? And more importantly—how do we make it spread, even in occupied territory?

In 2009, something historic happened: the internet got its own money. Thanks to Satoshi Nakamoto, the world took a massive leap forward. Bitcoin and decentralized ledgers shattered the idea that money must be controlled by the state. Now, to move or store value, all you need is an address and a key. A tiny string of text, easy to carry, impossible to seize.

That was the year money broke free. The state lost its grip. Its biggest weapon—physical currency—became irrelevant. Money became purely digital.

The internet was already a sanctuary for information, a place where people could connect and organize. But with Bitcoin, it evolved. Now, value itself could flow freely, beyond the reach of authorities.

Think about it: when seedlings are grown in controlled environments before being planted outside, they get stronger, survive longer, and bear fruit faster. That’s how we handle crops in harsh climates—nurture them until they’re ready for the wild.

Now, picture the internet as that controlled environment for ideas. Bitcoin? It’s the fertile soil that lets them grow. A testing ground for new models of interaction, where concepts can take root before they move into the real world. If nation-states are a battlefield, locked in a brutal war for territory, the internet is boundless. It can absorb any number of ideas, any number of people, and it doesn’t run out of space.

But for this ecosystem to thrive, people need safe ways to communicate, to share ideas, to build something real—without surveillance, without censorship, without the constant fear of being erased.

This is where Nostr comes in.

Nostr—"Notes and Other Stuff Transmitted by Relays"—is more than just a messaging protocol. It’s a new kind of city. One that no dictator can seize, no corporation can own, no government can shut down.

It’s built on decentralization, encryption, and individual control. Messages don’t pass through central servers—they are relayed through independent nodes, and users choose which ones to trust. There’s no master switch to shut it all down. Every person owns their identity, their data, their connections. And no one—no state, no tech giant, no algorithm—can silence them.

In a world where cities fall and governments fail, Nostr is a city that cannot be occupied. A place for ideas, for networks, for freedom. A city that grows stronger the more people build within it.

@ 97c70a44:ad98e322

There was a slight dust up recently over a website someone runs removing a listing for an app someone built based on entirely arbitrary criteria. I'm not to going to attempt to speak for either wounded party, but I would like to share my own personal definition for what constitutes a "nostr app" in an effort to help clarify what might be an otherwise confusing and opaque purity test.

In this post, I will be committing the "no true Scotsman" fallacy, in which I start with the most liberal definition I can come up with, and gradually refine it until all that is left is the purest, gleamingest, most imaginary and unattainable nostr app imaginable. As I write this, I wonder if anything built yet will actually qualify. In any case, here we go.

It uses nostr

The lowest bar for what a "nostr app" might be is an app ("application" - i.e. software, not necessarily a native app of any kind) that has some nostr-specific code in it, but which doesn't take any advantage of what makes nostr distinctive as a protocol.

Examples might include a scraper of some kind which fulfills its charter by fetching data from relays (regardless of whether it validates or retains signatures). Another might be a regular web 2.0 app which provides an option to "log in with nostr" by requesting and storing the user's public key.

In either case, the fact that nostr is involved is entirely neutral. A scraper can scrape html, pdfs, jsonl, whatever data source - nostr relays are just another target. Likewise, a user's key in this scenario is treated merely as an opaque identifier, with no appreciation for the super powers it brings along.

In most cases, this kind of app only exists as a marketing ploy, or less cynically, because it wants to get in on the hype of being a "nostr app", without the developer quite understanding what that means, or having the budget to execute properly on the claim.

It leverages nostr

Some of you might be wondering, "isn't 'leverage' a synonym for 'use'?" And you would be right, but for one connotative difference. It's possible to "use" something improperly, but by definition leverage gives you a mechanical advantage that you wouldn't otherwise have. This is the second category of "nostr app".

This kind of app gets some benefit out of the nostr protocol and network, but in an entirely selfish fashion. The intention of this kind of app is not to augment the nostr network, but to augment its own UX by borrowing some nifty thing from the protocol without really contributing anything back.

Some examples might include:

• Using nostr signers to encrypt or sign data, and then store that data on a proprietary server.
• Using nostr relays as a kind of low-code backend, but using proprietary event payloads.
• Using nostr event kinds to represent data (why), but not leveraging the trustlessness that buys you.

An application in this category might even communicate to its users via nostr DMs - but this doesn't make it a "nostr app" any more than a website that emails you hot deals on herbal supplements is an "email app". These apps are purely parasitic on the nostr ecosystem.

In the long-term, that's not necessarily a bad thing. Email's ubiquity is self-reinforcing. But in the short term, this kind of "nostr app" can actually do damage to nostr's reputation by over-promising and under-delivering.

It complements nostr

Next up, we have apps that get some benefit out of nostr as above, but give back by providing a unique value proposition to nostr users as nostr users. This is a bit of a fine distinction, but for me this category is for apps which focus on solving problems that nostr isn't good at solving, leaving the nostr integration in a secondary or supporting role.

One example of this kind of app was Mutiny (RIP), which not only allowed users to sign in with nostr, but also pulled those users' social graphs so that users could send money to people they knew and trusted. Mutiny was doing a great job of leveraging nostr, as well as providing value to users with nostr identities - but it was still primarily a bitcoin wallet, not a "nostr app" in the purest sense.

Other examples are things like Nostr Nests and Zap.stream, whose core value proposition is streaming video or audio content. Both make great use of nostr identities, data formats, and relays, but they're primarily streaming apps. A good litmus test for things like this is: if you got rid of nostr, would it be the same product (even if inferior in certain ways)?

A similar category is infrastructure providers that benefit nostr by their existence (and may in fact be targeted explicitly at nostr users), but do things in a centralized, old-web way; for example: media hosts, DNS registrars, hosting providers, and CDNs.

To be clear here, I'm not casting aspersions (I don't even know what those are, or where to buy them). All the apps mentioned above use nostr to great effect, and are a real benefit to nostr users. But they are not True Scotsmen.

It embodies nostr

Ok, here we go. This is the crème de la crème, the top du top, the meilleur du meilleur, the bee's knees. The purest, holiest, most chaste category of nostr app out there. The apps which are, indeed, nostr indigitate.

This category of nostr app (see, no quotes this time) can be defined by the converse of the previous category. If nostr was removed from this type of application, would it be impossible to create the same product?

To tease this apart a bit, apps that leverage the technical aspects of nostr are dependent on nostr the protocol, while apps that benefit nostr exclusively via network effect are integrated into nostr the network. An app that does both things is working in symbiosis with nostr as a whole.

An app that embraces both nostr's protocol and its network becomes an organic extension of every other nostr app out there, multiplying both its competitive moat and its contribution to the ecosystem:

• In contrast to apps that only borrow from nostr on the technical level but continue to operate in their own silos, an application integrated into the nostr network comes pre-packaged with existing users, and is able to provide more value to those users because of other nostr products. On nostr, it's a good thing to advertise your competitors.
• In contrast to apps that only market themselves to nostr users without building out a deep integration on the protocol level, a deeply integrated app becomes an asset to every other nostr app by becoming an organic extension of them through interoperability. This results in increased traffic to the app as other developers and users refer people to it instead of solving their problem on their own. This is the "micro-apps" utopia we've all been waiting for.

Credible exit doesn't matter if there aren't alternative services. Interoperability is pointless if other applications don't offer something your app doesn't. Marketing to nostr users doesn't matter if you don't augment their agency as nostr users.

If I had to choose a single NIP that represents the mindset behind this kind of app, it would be NIP 89 A.K.A. "Recommended Application Handlers", which states:

Nostr's discoverability and transparent event interaction is one of its most interesting/novel mechanics. This NIP provides a simple way for clients to discover applications that handle events of a specific kind to ensure smooth cross-client and cross-kind interactions.

These handlers are the glue that holds nostr apps together. A single event, signed by the developer of an application (or by the application's own account) tells anyone who wants to know 1. what event kinds the app supports, 2. how to link to the app (if it's a client), and (if the pubkey also publishes a kind 10002), 3. which relays the app prefers.

As a sidenote, NIP 89 is currently focused more on clients, leaving DVMs, relays, signers, etc somewhat out in the cold. Updating 89 to include tailored listings for each kind of supporting app would be a huge improvement to the protocol. This, plus a good front end for navigating these listings (sorry nostrapp.link, close but no cigar) would obviate the evil centralized websites that curate apps based on arbitrary criteria.

Examples of this kind of app obviously include many kind 1 clients, as well as clients that attempt to bring the benefits of the nostr protocol and network to new use cases - whether long form content, video, image posts, music, emojis, recipes, project management, or any other "content type".

To drill down into one example, let's think for a moment about forms. What's so great about a forms app that is built on nostr? Well,

• There is a spec for forms and responses, which means that...
• Multiple clients can implement the same data format, allowing for credible exit and user choice, even of...
• Other products not focused on forms, which can still view, respond to, or embed forms, and which can send their users via NIP 89 to a client that does...
• Cryptographically sign forms and responses, which means they are self-authenticating and can be sent to...
• Multiple relays, which reduces the amount of trust necessary to be confident results haven't been deliberately "lost".

Show me a forms product that does all of those things, and isn't built on nostr. You can't, because it doesn't exist. Meanwhile, there are plenty of image hosts with APIs, streaming services, and bitcoin wallets which have basically the same levels of censorship resistance, interoperability, and network effect as if they weren't built on nostr.

It supports nostr

Notice I haven't said anything about whether relays, signers, blossom servers, software libraries, DVMs, and the accumulated addenda of the nostr ecosystem are nostr apps. Well, they are (usually).

This is the category of nostr app that gets none of the credit for doing all of the work. There's no question that they qualify as beautiful nostrcorns, because their value propositions are entirely meaningless outside of the context of nostr. Who needs a signer if you don't have a cryptographic identity you need to protect? DVMs are literally impossible to use without relays. How are you going to find the blossom server that will serve a given hash if you don't know which servers the publishing user has selected to store their content?

In addition to being entirely contextualized by nostr architecture, this type of nostr app is valuable because it does things "the nostr way". By that I mean that they don't simply try to replicate existing internet functionality into a nostr context; instead, they create entirely new ways of putting the basic building blocks of the internet back together.

A great example of this is how Nostr Connect, Nostr Wallet Connect, and DVMs all use relays as brokers, which allows service providers to avoid having to accept incoming network connections. This opens up really interesting possibilities all on its own.

So while I might hesitate to call many of these things "apps", they are certainly "nostr".

Appendix: it smells like a NINO

So, let's say you've created an app, but when you show it to people they politely smile, nod, and call it a NINO (Nostr In Name Only). What's a hacker to do? Well, here's your handy-dandy guide on how to wash that NINO stench off and Become a Nostr.

You app might be a NINO if:

• There's no NIP for your data format (or you're abusing NIP 78, 32, etc by inventing a sub-protocol inside an existing event kind)
• There's a NIP, but no one knows about it because it's in a text file on your hard drive (or buried in your project's repository)
• Your NIP imposes an incompatible/centralized/legacy web paradigm onto nostr
• Your NIP relies on trusted third (or first) parties
• There's only one implementation of your NIP (yours)
• Your core value proposition doesn't depend on relays, events, or nostr identities
• One or more relay urls are hard-coded into the source code
• Your app depends on a specific relay implementation to work (ahem, relay29)
• You don't validate event signatures
• You don't publish events to relays you don't control
• You don't read events from relays you don't control
• You use legacy web services to solve problems, rather than nostr-native solutions
• You use nostr-native solutions, but you've hardcoded their pubkeys or URLs into your app
• You don't use NIP 89 to discover clients and services
• You haven't published a NIP 89 listing for your app
• You don't leverage your users' web of trust for filtering out spam
• You don't respect your users' mute lists
• You try to "own" your users' data

Now let me just re-iterate - it's ok to be a NINO. We need NINOs, because nostr can't (and shouldn't) tackle every problem. You just need to decide whether your app, as a NINO, is actually contributing to the nostr ecosystem, or whether you're just using buzzwords to whitewash a legacy web software product.

If you're in the former camp, great! If you're in the latter, what are you waiting for? Only you can fix your NINO problem. And there are lots of ways to do this, depending on your own unique situation:

• Drop nostr support if it's not doing anyone any good. If you want to build a normal company and make some money, that's perfectly fine.
• Build out your nostr integration - start taking advantage of webs of trust, self-authenticating data, event handlers, etc.
• Work around the problem. Think you need a special relay feature for your app to work? Guess again. Consider encryption, AUTH, DVMs, or better data formats.
• Think your idea is a good one? Talk to other devs or open a PR to the nips repo. No one can adopt your NIP if they don't know about it.
• Keep going. It can sometimes be hard to distinguish a research project from a NINO. New ideas have to be built out before they can be fully appreciated.
• Listen to advice. Nostr developers are friendly and happy to help. If you're not sure why you're getting traction, ask!

I sincerely hope this article is useful for all of you out there in NINO land. Maybe this made you feel better about not passing the totally optional nostr app purity test. Or maybe it gave you some actionable next steps towards making a great NINON (Nostr In Not Only Name) app. In either case, GM and PV.

@ da8b7de1:c0164aee

Technológiai és fejlesztési hírek

• Észtország SMR-tervei:

Észtország hivatalosan elindította a nemzeti tervezési folyamatot és a környezeti hatásvizsgálatot egy 600 MW-os kis moduláris reaktor (SMR) atomerőmű létesítésére, GE Hitachi BWRX-300 technológiával. A projektet a Fermi Energia vezeti, a lakosság körében mérsékelt támogatottság mellett. Az építési engedélykérelem benyújtását 2029-re tervezik, a cél az ország energiabiztonságának és klímacéljainak erősítése.

• Olkiluoto-1 csökkentett teljesítménnyel üzemel:

Finnországban az Olkiluoto-2 egységben a generátor rotorjának cseréje miatt a termelés májusban újraindul, de a teljesítményt 735 MW-ra korlátozzák (a teljes kapacitás 890 MW). A csökkentett teljesítmény 2026-ig marad érvényben. Az Olkiluoto-1 egység normálisan működik, az Olkiluoto-3 pedig éves karbantartáson van.

Ipari és pénzügyi fejlemények

• Kanada–Argentína nehézvíz-együttműködés:

A kanadai Candu Energy (AtkinsRéalis) és az argentin Nemzeti Atomenergia Bizottság (CNEA) memorandumot írt alá a nehézvíz-termelés fellendítéséről. Ez magában foglalja az argentin PIAP nehézvízgyár újraindítását és potenciálisan új üzemek építését Kanadában. A fejlesztés támogatja a meglévő és tervezett CANDU reaktorok működését világszerte, és illeszkedik a COP28 utáni globális nukleáris bővüléshez.

• USA: nukleáris adókedvezményekért folyó lobbizás:

Az amerikai nukleáris ipar intenzív lobbitevékenységet folytat, hogy megőrizze a Biden-adminisztráció által bevezetett, az Inflációcsökkentő Törvény (IRA) szerinti nukleáris adókedvezményeket. Az új, republikánus többségű költségvetési törvényjavaslat jelentősen lerövidítené a tiszta energia (szél, nap, akkumulátor) támogatásokat, de a nukleáris ipar számára bizonyos kedvezmények megmaradnának, bár a 45U nukleáris adókedvezmény is három évvel korábban, 2031-ben lejárhat.

• Háztartási és ipari érdekek:

Az amerikai ház költségvetési törvényjavaslata megszüntetné a legtöbb tiszta energiához kapcsolódó adókedvezményt, kivéve néhány nukleáris projektet, és szigorítaná a kínai kapcsolatokkal rendelkező projektek támogatását. Ez várhatóan visszaveti a megújuló energiaipar beruházásait, miközben a nukleáris szektor relatív pozíciója javulhat.

Politikai és társadalmi fejlemények

• Tajvan: népszavazás a nukleáris energia sorsáról:

Tajvan parlamentje megszavazta, hogy népszavazást tartsanak a Maanshan atomerőmű újraindításáról, miután az ország utolsó működő reaktorát is leállították. A referendum nem azonnali újraindításról szól, hanem arról, hogy a lakosság döntsön a meghosszabbításról, ha a hatóságok biztonságosnak találják az üzemet.

• Pennsylvania kormányzója a nukleáris energia mellett:

Josh Shapiro, Pennsylvania kormányzója, a „Lightning Plan” keretében hangsúlyozta, hogy az állam energiabiztonsága és gazdasági fejlődése érdekében kulcsszerepet szán a nukleáris energiának, valamint más megbízható energiaforrásoknak. A terv célja a munkahelyteremtés, a fogyasztói költségek csökkentése és az engedélyezési folyamatok gyorsítása.

• TMI névváltás:

Az amerikai Nukleáris Szabályozó Hatóság (NRC) jóváhagyta a Three Mile Island (TMI) atomerőmű nevének megváltoztatását Christopher M. Crane-re, az Exelon volt vezérigazgatójának emlékére. A létesítmény a jövőben a Microsoft AI műveleteit is ellátja majd árammal, és 2028-tól 835 MW szén-dioxid-mentes áramot termelhet.

Nemzetközi szakmai események

• NEA konferencia Londonban:

Az OECD NEA 2025. június 18–19-én Londonban rendezi meg az „Excellence in Nuclear Construction” nemzetközi konferenciát. A rendezvény célja, hogy a nukleáris ipar szereplői megosszák tapasztalataikat a nukleáris beruházások gyorsabb, kiszámíthatóbb és költséghatékonyabb megvalósítása érdekében, különös tekintettel a mérnöki, beszerzési és kivitelezési (EPC) kihívásokra.

---

Hivatkozások

• https://www.nucnet.org
• https://www.world-nuclear-news.org
• https://www.neimagazine.com
• https://www.oecd-nea.org
• https://www.iaea.org
• https://www.reuters.com/business/energy
• https://www.utilitydive.com
• https://www.atkinsrealis.com
• https://www.candu.com

@ 9e69e420:d12360c2

Secretary of State Marco Rubio issued new guidance halting spending on most foreign aid grants for 90 days, including military assistance to Ukraine. This immediate order shocked State Department officials and mandates “stop-work orders” on nearly all existing foreign assistance awards.

While it allows exceptions for military financing to Egypt and Israel, as well as emergency food assistance, it restricts aid to key allies like Ukraine, Jordan, and Taiwan. The guidance raises potential liability risks for the government due to unfulfilled contracts.

A report will be prepared within 85 days to recommend which programs to continue or discontinue.

@ c7e8fdda:b8f73146

🌍 Too Young. Too Idealistic. Too Alive. A message came in recently that stopped me cold.

It was from someone young—16 years old—but you’d never guess it from the depth of what they wrote. They spoke of having dreams so big they scare people. They’d had a spiritual awakening at 14, but instead of being nurtured, it was dismissed. Surrounded by people dulled by bitterness and fear, they were told to be realistic. To grow up. To face “reality.”

This Substack is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber.

And that reality, to them, looked like a life that doesn’t feel like living at all.

They wrote that their biggest fear wasn’t failure—it was settling. Dimming their fire. Growing into someone they never chose to be.

And that—more than anything—scared them.

They told me that my book, I Don’t Want to Grow Up, brought them to tears because it validated what they already knew to be true. That they’re not alone. That it’s okay to want something different. That it’s okay to feel everything.

It’s messages like this that remind me why I write.

As many of you know, I include my personal email address at the back of all my books. And I read—and respond to—every single message that comes in. Whether it’s a few sentences or a life story, I see them all. And again and again, I’m reminded: there are so many of us out here quietly carrying the same truth.

Maybe you’ve felt the same. Maybe you still do.

Maybe you’ve been told your dreams are too big, too unrealistic. Maybe people around you—people who love you—try to shrink them down to something more “manageable.” Maybe they call it protection. Maybe they call it love.

But it feels like fear.

The path you wish to walk might be lonelier at first. It might not make sense to the people around you. But if it lights you up—follow it.

Because when you do, you give silent permission to others to do the same. You become living proof that another kind of life is possible. And that’s how we build a better world.

So to the person who wrote to me—and to every soul who feels the same way:

Keep going. Keep dreaming. Keep burning. You are not too young. You are not too idealistic. You are just deeply, radically alive.

And that is not a problem. That is a gift.

—

 If this speaks to you, my book I Don’t Want to Grow Up was written for this very reason—to remind you that your wildness is sacred, your truth is valid, and you’re not alone. Paperback/Kindle/Audiobook available here: scottstillmanblog.com

This Substack is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber. https://connect-test.layer3.press/articles/041a2dc8-5c42-4895-86ec-bc166ac0d315

@ 9e69e420:d12360c2

President Trump plans to withdraw 20,000 U.S. troops from Europe and expects European allies to contribute financially to the remaining military presence. Reported by ANSA, Trump aims to deliver this message to European leaders since taking office. A European diplomat noted, “the costs cannot be borne solely by American taxpayers.”

The Pentagon hasn't commented yet. Trump has previously sought lower troop levels in Europe and had ordered cuts during his first term. The U.S. currently maintains around 65,000 troops in Europe, with total forces reaching 100,000 since the Ukraine invasion. Trump's new approach may shift military focus to the Pacific amid growing concerns about China.

Sauce

@ 9ca447d2:fbf5a36d

Ed Suman, a 67-year-old retired artist who helped create large sculptures like Jeff Koons’ Balloon Dog, reportedly lost his entire life savings — over $2M in digital assets — in a sophisticated scam.

The incident is believed to be tied to the major data breach at Coinbase, one of the world’s largest digital asset exchanges.

Suman’s story is part of a bigger wave of attacks on digital asset holders using stolen personal info, and has triggered lawsuits, regulatory concerns and questions about digital security in the Bitcoin space.

In March 2025, Suman got a text message about suspicious activity on his Coinbase account. After Suman reported he was unaware of any unauthorized activity regarding his account, he got a call from a man who introduced himself as Brett Miller from Coinbase Security.

The guy sounded legit — he knew Suman’s setup, including that he used a Trezor Model One hardware wallet, a device meant to keep bitcoin and other digital assets offline and safe.

Suman told Bloomberg the guy knew everything, including the exact amount of digital assets he had.

The attacker persuaded Suman that his Trezor One hardware wallet and its funds were at risk and walked him through a “security procedure” that involved entering his seed phrase into a website that looked exactly like Coinbase, in order to “link his wallet to Coinbase”.

Nine days later, another guy called and repeated the process, saying the first one didn’t work.

And then, all of Suman’s digital assets — 17.5 bitcoin and 225 ether — were gone. At the time, bitcoin was around $103,000 and ether around $2,500, so the stolen stash was worth over $2 million.

Suman turned to digital assets after retiring from a decades-long art career. He stored his assets in cold storage to avoid the risks of online exchanges. He thought he did everything right.

Suman’s attackers didn’t pick his name out of a hat.

It looks like his personal info may have been leaked in the major breach at Coinbase. The company confirmed on May 15 that some of its customer service reps in India were bribed to access internal systems and steal customer data.

The stolen data included names, phone numbers, email addresses, balances and partial Social Security numbers.

According to Coinbase’s filing with the U.S. Securities and Exchange Commission, the breach may have started as early as January and affected nearly 1% of the company’s active monthly users — tens of thousands of people.

Hackers demanded $20M from Coinbase to keep the breach quiet but the company refused to pay. Coinbase says it fired the compromised agents and is setting aside $180M to $400M to reimburse affected users.

But so far, Suman hasn’t been told if he’ll be reimbursed.

Since the breach was disclosed, Coinbase has been hit with at least six lawsuits.

The lawsuits claim the company failed to protect user data and handled the aftermath poorly. One lawsuit filed in New York federal court on May 16 says Coinbase’s response was “inadequate, fragmented, and delayed.”

“Users were not promptly or fully informed of the compromise,” the complaint states, “and Coinbase did not immediately take meaningful steps to mitigate further harm.”

Some lawsuits are seeking damages, others are asking Coinbase to purge user data and improve its security. Coinbase has not commented on the lawsuits but pointed reporters to a blog post about its response.

Suman’s case is a cautionary tale across the Bitcoin world. He used a hardware wallet (considered the gold standard of Bitcoin security) and was still tricked through social engineering. Even the strongest security is useless if you don’t understand how Bitcoin works.

It’s never too early for Bitcoiners to start learning more about Bitcoin, especially on how to keep their stash safe. And the first lesson is “never ever share your seed phrase with anyone”.

Related: Bitcoin Hardware Wallet Hacks: What You Need to Know

@ 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.

@ 68d6e729:e5f442ac

The Adapter Pattern in TypeScript

What is the Adapter Pattern?

The Adapter Pattern is a structural design pattern that allows objects with incompatible interfaces to work together. It acts as a bridge between two interfaces, enabling integration without modifying existing code.

In simple terms: it adapts one interface to another.

Real-World Analogy

Imagine you have a U.S. laptop charger and you travel to Europe. The charger plug won't fit into the European socket. You need a plug adapter to convert the U.S. plug into a European-compatible one. The charger stays the same, but the adapter allows it to work in a new context.

When to Use the Adapter Pattern

• You want to use an existing class but its interface doesn't match your needs.
• You want to create a reusable class that cooperates with classes of incompatible interfaces.
• You need to integrate third-party APIs or legacy systems with your application.

Implementing the Adapter Pattern in TypeScript

Let’s go through a practical example.

Scenario

Suppose you’re developing a payment system. You already have a PaymentProcessor interface that your application uses. Now, you want to integrate a third-party payment gateway with a different method signature.

Step 1: Define the Target Interface

javascript ts CopyEdit// The interface your application expects interface PaymentProcessor { pay(amount: number): void; }

Step 2: Create an Adaptee (incompatible class)

javascript ts CopyEdit// A third-party library with a different method class ThirdPartyPaymentGateway { makePayment(amountInCents: number): void { console.log(`Payment of $${amountInCents / 100} processed via third-party gateway.`); } }

Step 3: Implement the Adapter

```javascript ts CopyEdit// Adapter makes the third-party class compatible with PaymentProcessor class PaymentAdapter implements PaymentProcessor { private gateway: ThirdPartyPaymentGateway;

constructor(gateway: ThirdPartyPaymentGateway) { this.gateway = gateway; }

pay(amount: number): void { const amountInCents = amount * 100; this.gateway.makePayment(amountInCents); } } ```

Step 4: Use the Adapter in Client Code

```javascript ts CopyEditconst thirdPartyGateway = new ThirdPartyPaymentGateway(); const adapter: PaymentProcessor = new PaymentAdapter(thirdPartyGateway);

// Application uses a standard interface adapter.pay(25); // Output: Payment of $25 processed via third-party gateway. ```

Advantages of the Adapter Pattern

• Decouples code from third-party implementations.
• Promotes code reuse by adapting existing components.
• Improves maintainability when dealing with legacy systems or libraries.

Class Adapter vs Object Adapter

In languages like TypeScript, which do not support multiple inheritance, the object adapter approach (shown above) is preferred. However, in classical OOP languages like C++, you may also see class adapters, which rely on inheritance.

Conclusion

The Adapter Pattern is a powerful tool in your design pattern arsenal, especially when dealing with incompatible interfaces. In TypeScript, it helps integrate third-party APIs and legacy systems seamlessly, keeping your code clean and extensible.

By learning and applying the Adapter Pattern, you can make your applications more robust and flexible—ready to adapt to ever-changing requirements. https://fox.layer3.press/articles/cdd71195-62a4-420b-9e24-e23d78b27452

@ cff1720e:15c7e2b2

Einleitung\ \ Schwierige Dinge einfach zu erklären ist der Anspruch von ELI5 (explain me like I'm 5). Das ist in unserer hoch technisierten Welt dringend erforderlich, denn nur mit dem Verständnis der Technologien können wir sie richtig einsetzen und weiter entwickeln.\ Ich starte meine Serie mit Nostr, einem relativ neuen Internet-Protokoll. Was zum Teufel ist ein Internet-Protokoll? Formal beschrieben sind es internationale Standards, die dafür sorgen, dass das Internet seit über 30 Jahren ziemlich gut funktioniert. Es ist die Sprache, in der sich die Rechner miteinander unterhalten und die auch Sie täglich nutzen, vermutlich ohne es bewusst wahrzunehmen. http(s) transportiert ihre Anfrage an einen Server (z.B. Amazon), und html sorgt dafür, dass aus den gelieferten Daten eine schöne Seite auf ihrem Bildschirm entsteht. Eine Mail wird mit smtp an den Mailserver gesendet und mit imap von ihm abgerufen, und da alle den Standard verwenden, funktioniert das mit jeder App auf jedem Betriebssystem und mit jedem Mail-Provider. Und mit einer Mail-Adresse wie roland@pareto.space können sie sogar jederzeit umziehen, egal wohin. Cool, das ist state of the art! Aber warum funktioniert das z.B. bei Chat nicht, gibt es da kein Protokoll? Doch, es heißt IRC (Internet Relay Chat → merken sie sich den Namen), aber es wird so gut wie nicht verwendet. Die Gründe dafür sind nicht technischer Natur, vielmehr wurden mit Apps wie Facebook, Twitter, WhatsApp, Telegram, Instagram, TikTok u.a. bewusst Inkompatibilitäten und Nutzerabhängigkeiten geschaffen um Profite zu maximieren.

Warum Nostr?

Da das Standard-Protokoll nicht genutzt wird, hat jede App ihr eigenes, und wir brauchen eine handvoll Apps um uns mit allen Bekannten auszutauschen. Eine Mobilfunknummer ist Voraussetzung für jedes Konto, damit können die App-Hersteller die Nutzer umfassend tracken und mit dem Verkauf der Informationen bis zu 30 USD je Konto und Monat verdienen. Der Nutzer ist nicht mehr Kunde, er ist das Produkt! Der Werbe-SPAM ist noch das kleinste Problem bei diesem Geschäftsmodell. Server mit Millionen von Nutzerdaten sind ein “honey pot”, dementsprechend oft werden sie gehackt und die Zugangsdaten verkauft. 2024 wurde auch der Twitter-Account vom damaligen Präsidenten Joe Biden gehackt, niemand wusste mehr wer die Nachrichten verfasst hat (vorher auch nicht), d.h. die Authentizität der Inhalte ist bei keinem dieser Anbieter gewährleistet. Im selben Jahr wurde der Telegram-Gründer in Frankreich in Beugehaft genommen, weil er sich geweigert hatte Hintertüren in seine Software einzubauen. Nun kann zum Schutz "unserer Demokratie” praktisch jeder mitlesen, was sie mit wem an Informationen austauschen, z.B. darüber welches Shampoo bestimmte Politiker verwenden. 

Und wer tatsächlich glaubt er könne Meinungsfreiheit auf sozialen Medien praktizieren, findet sich schnell in der Situation von Donald Trump wieder (seinerzeit amtierender Präsident), dem sein Twitter-Konto 2021 abgeschaltet wurde (Cancel-Culture). Die Nutzerdaten, also ihr Profil, ihre Kontakte, Dokumente, Bilder, Videos und Audiofiles - gehören ihnen ohnehin nicht mehr sondern sind Eigentum des Plattform-Betreibers; lesen sie sich mal die AGB's durch. Aber nein, keine gute Idee, das sind hunderte Seiten und sie werden permanent geändert. Alle nutzen also Apps, deren Technik sie nicht verstehen, deren Regeln sie nicht kennen, wo sie keine Rechte haben und die ihnen die Resultate ihres Handelns stehlen. Was würde wohl der Fünfjährige sagen, wenn ihm seine ältere Schwester anbieten würde, alle seine Spielzeuge zu “verwalten” und dann auszuhändigen wenn er brav ist? “Du spinnst wohl”, und damit beweist der Knirps mehr Vernunft als die Mehrzahl der Erwachsenen. \ \ Resümee: keine Standards, keine Daten, keine Rechte = keine Zukunft!

\ Wie funktioniert Nostr?

Die Entwickler von Nostr haben erkannt dass sich das Server-Client-Konzept in ein Master-Slave-Konzept verwandelt hatte. Der Master ist ein Synonym für Zentralisierung und wird zum “single point of failure”, der zwangsläufig Systeme dysfunktional macht. In einem verteilten Peer2Peer-System gibt es keine Master mehr sondern nur gleichberechtigte Knoten (Relays), auf denen die Informationen gespeichert werden. Indem man Informationen auf mehreren Relays redundant speichert, ist das System in jeglicher Hinsicht resilienter. Nicht nur die Natur verwendet dieses Prinzip seit Jahrmillionen erfolgreich, auch das Internet wurde so konzipiert (das ARPAnet wurde vom US-Militär für den Einsatz in Kriegsfällen unter massiven Störungen entwickelt). Alle Nostr-Daten liegen auf Relays und der Nutzer kann wählen zwischen öffentlichen (zumeist kostenlosen) und privaten Relays, z.B. für geschlossene Gruppen oder zum Zwecke von Daten-Archivierung. Da Dokumente auf mehreren Relays gespeichert sind, werden statt URL's (Locator) eindeutige Dokumentnamen (URI's = Identifier) verwendet, broken Links sind damit Vergangenheit und Löschungen / Verluste ebenfalls.\ \ Jedes Dokument (Event genannt) wird vom Besitzer signiert, es ist damit authentisch und fälschungssicher und kann nur vom Ersteller gelöscht werden. Dafür wird ein Schlüsselpaar verwendet bestehend aus privatem (nsec) und öffentlichem Schlüssel (npub) wie aus der Mailverschlüsselung (PGP) bekannt. Das repräsentiert eine Nostr-Identität, die um Bild, Namen, Bio und eine lesbare Nostr-Adresse ergänzt werden kann (z.B. roland@pareto.space ), mehr braucht es nicht um alle Ressourcen des Nostr-Ökosystems zu nutzen. Und das besteht inzwischen aus über hundert Apps mit unterschiedlichen Fokussierungen, z.B. für persönliche verschlüsselte Nachrichten (DM → OxChat), Kurznachrichten (Damus, Primal), Blogbeiträge (Pareto), Meetups (Joinstr), Gruppen (Groups), Bilder (Olas), Videos (Amethyst), Audio-Chat (Nostr Nests), Audio-Streams (Tunestr), Video-Streams (Zap.Stream), Marktplätze (Shopstr) u.v.a.m. Die Anmeldung erfolgt mit einem Klick (single sign on) und den Apps stehen ALLE Nutzerdaten zur Verfügung (Profil, Daten, Kontakte, Social Graph → Follower, Bookmarks, Comments, etc.), im Gegensatz zu den fragmentierten Datensilos der Gegenwart.\ \ Resümee: ein offener Standard, alle Daten, alle Rechte = große Zukunft!

\ Warum ist Nostr die Zukunft des Internet?

“Baue Dein Haus nicht auf einem fremden Grundstück” gilt auch im Internet - für alle App-Entwickler, Künstler, Journalisten und Nutzer, denn auch ihre Daten sind werthaltig. Nostr garantiert das Eigentum an den Daten, und überwindet ihre Fragmentierung. Weder die Nutzung noch die kreativen Freiheiten werden durch maßlose Lizenz- und Nutzungsbedingungen eingeschränkt. Aus passiven Nutzern werden durch Interaktion aktive Teilnehmer, Co-Creatoren in einer Sharing-Ökonomie (Value4Value). OpenSource schafft endlich wieder Vertrauen in die Software und ihre Anbieter. Offene Standards ermöglichen den Entwicklern mehr Kooperation und schnellere Entwicklung, für die Anwender garantieren sie Wahlfreiheit. Womit wir letztmalig zu unserem Fünfjährigen zurückkehren. Kinder lieben Lego über alles, am meisten die Maxi-Box “Classic”, weil sie damit ihre Phantasie im Kombinieren voll ausleben können. Erwachsene schenken ihnen dann die viel zu teuren Themenpakete, mit denen man nur eine Lösung nach Anleitung bauen kann. “Was stimmt nur mit meinen Eltern nicht, wann sind die denn falsch abgebogen?" fragt sich der Nachwuchs zu Recht. Das Image lässt sich aber wieder aufpolieren, wenn sie ihren Kindern Nostr zeigen, denn die Vorteile verstehen sogar Fünfjährige.

\ Das neue Internet ist dezentral. Das neue Internet ist selbstbestimmt. Nostr ist das neue Internet.

https://nostr.net/ \ https://start.njump.me/

Hier das Interview zum Thema mit Radio Berliner Morgenröte

https://www.podbean.com/ew/pb-yxc36-17bb4be

@ 9e69e420:d12360c2

A new report from the National Sports Shooting Foundation (NSSF) shows that civilian firearm possession exceeded 490 million in 2022. The total from 1990 to 2022 is estimated at 491.3 million firearms. In 2022, over ten million firearms were domestically produced, leading to a total of 16,045,911 firearms available in the U.S. market.

Of these, 9,873,136 were handguns, 4,195,192 were rifles, and 1,977,583 were shotguns. Handgun availability aligns with the concealed carry and self-defense market, as all states allow concealed carry, with 29 having constitutional carry laws.

@ e5fa3d8c:44057ac9

@ 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.

@ f9cf4e94:96abc355

Para esse exemplo iremos usar: | Nome | Imagem | Descrição | | --------------- | ------------------------------------------------------------ | ------------------------------------------------------------ | | Raspberry PI B+ | | Cortex-A53 (ARMv8) 64-bit a 1.4GHz e 1 GB de SDRAM LPDDR2, | | Pen drive | | 16Gb |

Recomendo que use o Ubuntu Server para essa instalação. Você pode baixar o Ubuntu para Raspberry Pi aqui. O passo a passo para a instalação do Ubuntu no Raspberry Pi está disponível aqui. Não instale um desktop (como xubuntu, lubuntu, xfce, etc.).

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Passo 1: Atualizar o Sistema 🖥️

Primeiro, atualize seu sistema e instale o Tor:

bash apt update apt install tor

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Passo 2: Criar o Arquivo de Serviço nrs.service 🔧

Crie o arquivo de serviço que vai gerenciar o servidor Nostr. Você pode fazer isso com o seguinte conteúdo:

```unit [Unit] Description=Nostr Relay Server Service After=network.target

[Service] Type=simple WorkingDirectory=/opt/nrs ExecStart=/opt/nrs/nrs-arm64 Restart=on-failure

[Install] WantedBy=multi-user.target ```

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Passo 3: Baixar o Binário do Nostr 🚀

Baixe o binário mais recente do Nostr aqui no GitHub.

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Passo 4: Criar as Pastas Necessárias 📂

Agora, crie as pastas para o aplicativo e o pendrive:

bash mkdir -p /opt/nrs /mnt/edriver

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Passo 5: Listar os Dispositivos Conectados 🔌

Para saber qual dispositivo você vai usar, liste todos os dispositivos conectados:

bash lsblk

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Passo 6: Formatando o Pendrive 💾

Escolha o pendrive correto (por exemplo, /dev/sda) e formate-o:

bash mkfs.vfat /dev/sda

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Passo 7: Montar o Pendrive 💻

Monte o pendrive na pasta /mnt/edriver:

bash mount /dev/sda /mnt/edriver

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Passo 8: Verificar UUID dos Dispositivos 📋

Para garantir que o sistema monte o pendrive automaticamente, liste os UUID dos dispositivos conectados:

bash blkid

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Passo 9: Alterar o fstab para Montar o Pendrive Automáticamente 📝

Abra o arquivo /etc/fstab e adicione uma linha para o pendrive, com o UUID que você obteve no passo anterior. A linha deve ficar assim:

fstab UUID=9c9008f8-f852 /mnt/edriver vfat defaults 0 0

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Passo 10: Copiar o Binário para a Pasta Correta 📥

Agora, copie o binário baixado para a pasta /opt/nrs:

bash cp nrs-arm64 /opt/nrs

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Passo 11: Criar o Arquivo de Configuração 🛠️

Crie o arquivo de configuração com o seguinte conteúdo e salve-o em /opt/nrs/config.yaml:

yaml app_env: production info: name: Nostr Relay Server description: Nostr Relay Server pub_key: "" contact: "" url: http://localhost:3334 icon: https://external-content.duckduckgo.com/iu/?u= https://public.bnbstatic.com/image/cms/crawler/COINCU_NEWS/image-495-1024x569.png base_path: /mnt/edriver negentropy: true

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Passo 12: Copiar o Serviço para o Diretório de Systemd ⚙️

Agora, copie o arquivo nrs.service para o diretório /etc/systemd/system/:

bash cp nrs.service /etc/systemd/system/

Recarregue os serviços e inicie o serviço nrs:

bash systemctl daemon-reload systemctl enable --now nrs.service

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Passo 13: Configurar o Tor 🌐

Abra o arquivo de configuração do Tor /var/lib/tor/torrc e adicione a seguinte linha:

torrc HiddenServiceDir /var/lib/tor/nostr_server/ HiddenServicePort 80 127.0.0.1:3334

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Passo 14: Habilitar e Iniciar o Tor 🧅

Agora, ative e inicie o serviço Tor:

bash systemctl enable --now tor.service

O Tor irá gerar um endereço .onion para o seu servidor Nostr. Você pode encontrá-lo no arquivo /var/lib/tor/nostr_server/hostname.

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Observações ⚠️

• Com essa configuração, os dados serão salvos no pendrive, enquanto o binário ficará no cartão SD do Raspberry Pi.
• O endereço .onion do seu servidor Nostr será algo como: ws://y3t5t5wgwjif<exemplo>h42zy7ih6iwbyd.onion.

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Agora, seu servidor Nostr deve estar configurado e funcionando com Tor! 🥳

Se este artigo e as informações aqui contidas forem úteis para você, convidamos a considerar uma doação ao autor como forma de reconhecimento e incentivo à produção de novos conteúdos.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Definisanje novca
2. Šta je sredstvo razmene?
3. Šta je obračunska jedinica?
4. Šta je zaliha vrednosti?
5. Zašto su važne funkcije novca?
6. Novac Gubi Funkciju: Alhemičar iz Njutonije
7. Eksploatacija pomoću Novca: Agri Perle
8. Novac Gubi Funkciju 2. Deo: Kejnslandski Bankar
9. Da li nas novac danas eksploatiše?
10. Šta je novac, i zašto trebate da brinete?
11. Efikasnija Ušteda Novca
12. Zasluge
13. Molim vas da šerujete!

---

Google izveštava o stalnom povećanju interesa u svetu za pitanje „Šta je novac?“ koji se postavlja iz godine u godinu, od 2004. do 2021., a sa naglim porastom nakon finansijske krize 2008. godine.

I izgleda se da niko nema dobar odgovor za to.

Godišnji proseci mesečnih interesa za pretragu. 100 predstavlja najveći interes za pretragu tokom čitavog perioda, koji se dogodio u decembru 2019. Podaci sa Google Trends-a.

Međutim, odgovaranje na ovo naizgled jednostavno pitanje pomoći će vam da razjasnite ulogu novca u vašem životu. Jednom kada shvatite kako novac funkcioniše, tačno ćete videti i zašto svet danas ludi – i šta učiniti povodom toga. Zato hajde da se udubimo u to.

Na pitanje šta je novac, većina ljudi otvori svoje novčanike i pokaže nekoliko novčanica – “evo, ovo je novac!”

Ali po čemu se ove novčanice razlikuju od stranica vaše omiljene knjige? Pa, naravno, zavod za izradu novčanica te zemlje je odštampao te novčanice iz vašeg novčanika kako bi se oduprla falsifikovanju, i svi ih koriste da bi kupili odredjene stvari.

Međutim, Nemačka Marka imala je sva ova svojstva u prošlosti – ali preduzeća danas ne prihvataju te novčanice. Zapravo, građani Nemačke su početkom dvadesetih godina prošlog veka spaljivali papirne Marke kako bi grejali svoje domove. Marka je imala veću vrednost kao papir za potpalu nego kao novac!

1923. nemačka valuta poznata kao Marka bila je jeftinija od uglja i drveta!

Pa šta to čini novac, novcem?

Ispostavilo se da ovo nije pitanje na koje je lako dati odgovor.

Definisanje novca

Novac nije fizička stvar poput novčanice dolara. Novac je društveni sistem koji koristimo da bismo olakšali trgovinu robom i uslugama. Međutim, tokom istorije fizička monetarna dobra igrala su ključnu ulogu u društvenom sistemu novca, često kao znakovi koji predstavljaju vrednost u monetarnom sistemu. Ovaj sistem ima tri funkcije: 1) Sredstvo Razmene, 2) Obračunsku Jedinicu i 3) Zalihu Vrednosti.

Odakle dolaze ove funkcije, i zašto su one vredne?

Šta je sredstvo razmene?

Sredstvo razmene je neko dobro koje se obično razmenjuje za drugo dobro. Najčešće objašnjenje za to kako su se pojavila sredstva razmene glasi otprilike ovako: Boris ima ječam i želeo bi da kupi ovcu od Marka. Marko ima ovce, ali želi samo piliće. Ana ima piliće, ali ona ne želi ječam ili ovce.

To se naziva problem sticaja potreba: dve strane moraju da žele ono što druga ima da bi mogle da trguju. Ako se želje dve osobe ne podudaraju, oni moraju da pronađu druge ljude sa kojima će trgovati dok svi ne pronađu dobro koje žele.

Ljudi koji trguju robom i uslugama moraju da imaju potrebe koje se podudaraju.

Vremenom, veoma je verovatno da će se određena vrsta robe, poput pšenice, pojaviti kao sredstvo razmene jer su je mnogi ljudi želeli. Uzimajući pšenicu kao primer: pšenica je rešila “sticaje potreba” u mnogim zanatima, jer čak i ako onaj koji prima pšenicu a nije želeo da je koristi za sebe, znao je da će je neko drugi želeti.

Ovo nazivamo prodajnost imovine.

Pšenica je dobar primer dobra za prodaju jer svi moraju da jedu, a od pšenice se pravi hleb. Pšenica ima vrednost kao sastojak hleba i kao dobro koje olakšava trgovinu rešavanjem problema „sticaja potreba“.

Razmislite o svojoj želji da dobijete više novčanica u eurima ili drugoj valuti. Ne možete da jedete novčanice da biste preživeli, a i ne bi vam bile od velike koristi ako poželite da ih koristite kao građevinski materijal za vašu kuću. Međutim, znate da sa tim novčanicama možete da kupite hranu i kuću.

Stvarne fizičke novčanice su beskorisne za vas. Novčanice su vam dragocene samo zato što će ih drugi prihvatiti za stvari koje su vama korisne.

Tokom dugog perioda istorije, novac je evoluirao do te mere da monetarno dobro može imati vrednost, a da to dobro ne služi za bilo koju drugu ‘suštinsku’ upotrebu, poput hrane ili energije. Umesto toga, njegova upotreba je zaliha vrednosti i jednostavna zamena za drugu robu u bilo kom trenutku koji poželite.

Šta jedno dobro čini poželjnijim i prodajnijim od drugog dobra?

Deljivost

Definicija: Sposobnost podele dobra na manje količine.

Loš Primer: Dijamante je teško podeliti na manje komade. Za zajednicu od hiljada ljudi koji dnevno izvrše milione transakcija, dijamanti čine loše sredstvo razmene. Previše su retki i nedeljivi da bi se koristili za mnoge transakcije.

Ujednačenost

Definicija: Sličnost pojedinačnih jedinica odredjenog dobra.

Loš Primer: Krave nisu ujednačene – neke su veće, neke manje, neke bolesne, neke zdrave. Sa druge strane, unca čistog zlata je jednolična – jedna unca je potpuno ista kao sledeća. Ovo svojstvo se takođe često naziva zamenljivost.

Prenosivost

Definicija: Lakoća transporta dobra.

Loš Primer: Krava nije baš prenosiva. Zlatnici su prilično prenosivi. Papirne novčanice su još prenošljivije. Knjiga u kojoj se jednostavno beleži vlasništvo nad tim vrednostima (poput Rai kamenog sistema ili digitalnog bankovnog računa) je neverovatno prenosiva, jer nema fizičkog dobra koje treba nositi sa sobom za kupovinu. Postoji samo sistem za evidentiranje vlasništva nad tim vrednostima u nematerijalnom obliku.

Kako dobro postaje sredstvo razmene?

Dobra postaju, i ostaju sredstva razmene zbog svoje univerzalne potražnje, takođe poznate kao njihova prodajnost, čemu pomažu svojstva koja su gore nabrojana.

Mnogo različitih dobara mogu u različitoj meri delovati kao sredstva razmene u ekonomiji. Danas, naša globalna ekonomija koristi valute koje izdaju države, zlato, pa čak i robu poput nafte kao sredstvo razmene.

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Šta je obračunska jedinica?

Stvari se komplikuju kada u ekonomiji postoji mnogo robe koja se prodaje. Čak i sa samo 5 dobara, postoji 10 “kurseva razmene” između svake robe kojih svi u ekonomiji moraju da se sete: 1 svinja se menja za 15 pilića, 1 pile se menja za 15 litara mleka, desetak jaja se menja za 15 litara mleka, i tako dalje. Ako ekonomija ima 50 dobara, među njima postoji 1.225 “kurseva razmene”!

Sredstvo za merenje vrednosti

Zamislite obračunsku jedinicu kao sredstvo za merenje vrednosti. Umesto da se sećamo vrednosti svakog dobra u poredjenju sa drugim dobrima, mi samo treba da se setimo vrednosti svakog dobra u poredjenju sa jednim dobrom – obračunskom jedinicom.

Umesto da se setimo 1.225 kurseva razmene kada imamo 50 proizvoda na tržištu, mi treba da zapamtimo samo 50 cena.

Na primer, ne treba da se sećamo da litar mleka vredi 1/15 piletine ili desetak jaja, možemo da se samo setimo da litar mleka košta 1USD.

Poređenje dobara je lakše sa obračunskom jedinicom

Obračunska jedinica takođe olakšava upoređivanje vrednosti i donošenje odluka. Zamislite da pokušavate da kupite par Nike Air Jordan patika kada ih jedan prodavac prodaje za jedno pile, a drugi za 50 klipova kukuruza.

Šta je zaliha vrednosti?

Do sada smo gledali samo primere transakcija koje se odvijaju u određenom trenutku u vremenu.

Međutim, ljudi vrše transakcije tokom vremena – oni štede novac i troše ga kasnije. Da bi odredjeno dobro moglo da funkcioniše pravilno kao monetarno dobro, ono treba da održi vrednost tokom vremena.

Novac koji vremenom dobro drži vrednost daje njegovom imaocu više izbora kada će taj novac da potroši.

To znači da prodajnost dobra uključuje njegovu sposobnost da održi vrednost tokom vremena.

Šta jedno dobro čini boljom zalihom vrednosti od drugog dobra?

Trajnost

Definicija: Sposobnost dobra da vremenom zadrži svoj oblik.

Loš Primer: Jagode čine lošu zalihu vrednosti jer se lako oštete i brzo trunu.

Odluka je daleko lakša ako jedan prodavac naplaćuje 150 USD, a drugi 200 USD – odmah je očigledno koja je bolja ponuda jer su vrednosti izražene u istoj jedinici.

Teške za Proizvodnju

Definicija: Teškoće koje ljudi imaju u proizvodnji veće količine dobra.

Loš Primer: Papirne novčanice predstavljaju lošu zalihu vrednosti jer banke i vlade mogu jeftino da ih naprave.

Sa zlatom je suprotno – u ponudi se nalazi ograničena količina uprkos velikoj potražnji za njim, jednostavno zato što ga je vrlo teško iskopati iz zemlje. Ova ograničena ponuda osigurava da svaka jedinica zlata održi vrednost tokom vremena.

Kako dobra postaju zalihe vrednosti?

Dobro postaje zaliha vrednosti ako se vremenom pokaže trajnim i teškim za proizvodnju.

Samo će vreme pokazati da li je neko dobro zaista trajno i da li ga je teško proizvesti. Zbog toga neki oblici novca su postojali vekovima pre nego što je neko otkrio način da ih proizvede više, i na kraju se to dobro više nije koristilo kao novac.

Ovo je priča o školjkama, Rai kamenju i mnogim drugim oblicima novca tokom istorije.

Zlato je primer dobra koje je hiljadama godina služilo kao dobra zaliha vrednosti. Zlato se ne razgrađuje tokom vremena i još uvek ga je teško proizvesti. Hiljadama godina alhemičari su bezuspešno pokušavali da sintetišu zlato iz jeftinih materijala.

Čak i sa današnjim naprednim rudarskim tehnikama, svake godine svi svetski rudnici zlata zajedno mogu da proizvedu samo 2% od ukupne ponude zlata u prometu.

Teškoće u proizvodnji zlata daju izuzetno visok odnos “zaliha i protoka”: zaliha je broj postojećih jedinica, a protok su nove jedinice stvorene tokom određenog vremenskog perioda. Svake godine se stvori vrlo malo novih jedinica zlata, iako je potražnja za zlatom obično vrlo velika.

Kombinujući ovo sa deljivošću, ujednačenošću i prenosivošću zlata, nije ni čudo što je zlato čovečanstvu služilo kao monetarno dobro tokom poslednjih 5.000 godina. Pošto je zlato teško proizvesti, možemo ga nazvati teškim novcem (hard money).

Kao rezultat toga, svoju vrednost je u velikoj meri zadržao kroz milenijume. Cena većine dobara i usluga u pogledu zlata zapravo se vremenom smanjivala kao rezultat tehnoloških inovacija, koje sve proizvode čine jeftinijim.

Uzmimo na primer cene hrane prema praćenju Kancelarije za hranu i poljoprivredu UN-a: sa obzirom na skokove u poljoprivrednoj tehnologiji tokom poslednjih 60 godina, cene hrane drastično su pale kada se procenjuju u zlatu. To čak i važi uprkos činjenici da obični ljudi retko koriste zlato za kupovinu stvari.

Cene hrane su padale u pogledu zlata tokom proteklih 60 godina, i mnogo pre toga (FAO Indeks Cena Hrane u Zlatu)

Zaliha vrednosti omogućava ljudima da uštede novac kako bi mogli da ga ulažu u pokretanje preduzeća i obrazovanje, povećavajući produktivnost društva.

Monetarna dobra koja dobro čuvaju vrednost takođe podstiču dugoročniji pogled na život, ili kratke vremenske preference. Pojedinac može da radi 10 godina, uštedi odredjeno monetarno dobro koje je dobra zaliha vrednosti, i nema potrebe da se plaši da će njegova ušteđevina biti izbrisana krahom tržišta ili povećanjem ponude tog dobra.

Zašto su važne funkcije novca?

Kada neki oblik novca izgubi bilo koju od svojih važnih funkcija kao što su sredstvo razmene, obračunska jedinica i zaliha vrednosti, celokupna ekonomija i društvo mogu da se rastrgnu.

Tokom istorije često vidimo grupe ljudi koje eksploatišu druge iskorišćavajući nesporazume o novcu i važnosti njegovih funkcija.

Sledeće, proći ću kroz istoriju novca, prvo hipotetički da bih ilustrovao poentu, a zatim ću preći na stvarne istorijske primere. Kroz ove primere videćemo štetne efekte na društva u slučajevima kada se izgubi samo jedna od tih ključnih funkcija novca.

Novac Gubi Funkciju: Alhemičar iz Njutonije

Kroz istoriju, mnoga dobra su dolazila i odlazila kao oblici novca. Na žalost, kada se neki oblik novca ukine, ponekad postoji grupa ljudi koja eksploatiše drugi oblik manipulišući tim novcem.

Hajde da pogledamo hipotetičko selo zvano Njutonija da bismo razumeli kako dolazi do ove eksploatacije.

Zelene perle postaju Novac

Tokom stotina godina ribolova u obližnjoj reci, stanovnici Njutonije sakupljali su zelene perle iz vode. Zrnca su mala, lagana, izdržljiva, jednolična i retko se pojavljuju u reci. Ljudi prvo priželjkuju perle zbog svoje lepote. Na kraju, seljani shvataju da svi drugi žele perle – one se vrlo lako mogu prodati. Zrnca uskoro postaju sredstvo razmene i obračunska jedinica u selu: pile je 5 zrna, vreća jabuka 2 zrna, krava 80 zrna.

Ukupna ponuda perli je prilično konstantna i cene se vremenom ne menjaju mnogo. Seoski starešina je uveren da može da se opustiti u poslednjim danima živeći od svoje velike zalihe perli.

Alhemičar stvara više perli

Seoski alhemičar je poželeo da bude bogat čovek, ali nije voleo da vredno radi na tome. Umesto da traži perle u reci ili da prodaje vrednu robu drugim seljanima, on sedeo je u svojoj laboratoriji. Na kraju je otkrio kako da lako stvori stotine perli sa malo peska i vatre.

Seljani koji su tragali za perlama u reci bili su srećni ako bi svaki dan pronašli po 1 zrno. Alhemičar je mogao da proizvede stotine uz malo napora.

Alhemičar troši svoje perle

Budući da je bio prilično zao, alhemičar nije svoj metod pravljenja zrna delio ni sa kim drugim. Stvorio je sebi još više perli i počeo da ih troši za dobra na tržištu u Njutoniji. Tokom sledećih meseci, alhemičar je kupio farmu pilića, nekoliko krava, finu svilu, posteljine i ogromno imanje. On je imao priliku da kupi ova dobra po normalnim cenama na tržištu.

Alhemičarevo trošenje ostavljalo je seljanima mnogo perli, ali malo njihove vredne robe.

Svi seljani su se osećali bogatima – imali su tone perli! Međutim, polako su primetili da i svi ostali takodje imaju tone.

Cene počinju da rastu

Uzgajivač pilića primetio je da sva roba koju je trebalo da kupi na pijaci poskupela. Džak jabuka sada se prodaje za 100 perli – 50 puta više od njihove cene pre nekoliko meseci!

Iako je sada imao hiljade perli, uskoro bi mogao da ostane bez njih zbog ovih cena. Pitao se – da li zaista može sebi da priušti da prodaje svoje piliće za samo 5 perli po komadu? Morao je i on da podigne svoje cene.

Jednostavno rečeno, kao rezultat alhemičarevog trošenja njegovih novostvorenih perli, bilo je previše perli koje su jurile premalo dobara – pa su cene porasle.

Kupci robe bili su spremni da potroše više perli da bi kupili potrebna dobra. Prodavci robe su trebali da naplate više da bi bili sigurni da su zaradili dovoljno da kupe potrebna dobra za sebe.

Budući da su cene svih dobara porasle, možemo reći da se vrednost svake perle smanjila.

Nejednakost bogatstva raste

Seoski starešina, koji je vredno radio da sačuva hiljade perli, sada se našao osiromašenim i gladnim. U međuvremenu, alhemičar je udobno sedeo na svom velikom imanju sa kravama, pilićima i slugama koji su se brinuli za svaki njegov hir.

Alhemičar je efikasno ukrao bogatstvo celog sela, tako što je jeftino proizvodio perle i koristio ih za kupovinu vredne robe.

Ono što je najvažnije, kupio je robu pre nego što je tržište shvatilo da je više perli u opticaju i da ima manje robe, što je dovelo do rasta cena. Ova dodatna proizvodnja perli nije dodala korisnu robu ili usluge selu.

Eksploatacija pomoću Novca: Agri Perle

Nažalost, priča o alhemičaru iz Njutonije nije u potpunosti hipotetička. Ovaj prenos bogatstva kroz stvaranje novca ima istorijske i moderne presedane.

Na primer, afrička plemena su nekada koristila staklene perle, poznate kao “agri perle”, kao sredstvo razmene. U to vreme plemenskim ljudima je bilo veoma teško da prave staklene perle, i one su predstavljale težak novac unutar njihovog plemenskog društva.

Niko nije mogao jeftino da proizvede perle i koristiti ih za kupovinu skupe, vredne robe poput kuća, hrane i odeće.

Sve se promenilo kada su stigli Evropljani, i primetili upotrebu staklenih perli kao novca.

U to vreme, Evropljani su mogli jeftino da stvaraju staklo u velikim količinama. Kao rezultat toga, Evropljani su počeli tajno da uvoze perle i koriste ih za kupovinu dobara, usluga i robova od Afrikanaca.

Vremenom se iz Afrike izvlačila vredna roba i ljudi, dok je plemenima ostajalo mnogo perli i malo robe.

Perle su izgubile veći deo vrednosti zbog inflacije uzrokovane snabdevanjem od strane Evropljana.

Rezultat je bio osiromašenje afričkih plemena i bogaćenje Evropljana, kako to ovde objašnjava monetarni istoričar Bezant Denier.

Dragocena roba je kupljena jeftino proizvedenim monetarnim dobrom.

Profitiranje na proizvodnji novca: Emisiona dobit

Ova priča ilustruje kako se bogatstvo prenosi kada jedna grupa može jeftino da proizvodi monetarno dobro.

Razlika između troškova proizvodnje monetarnog dobra i vrednosti tog monetarnog dobra poznata je kao emisiona dobit, eng. seignorage.

Kada je monetarno dobro mnogo vrednije od troškova proizvodnje, ljudi će proizvesti više od monetarnog dobra da bi uhvatili profit od emisione dobiti.

Na kraju će ova povećana ponuda dovesti do pada vrednosti monetarnog dobra. To je zbog zakona ponude i potražnje: kada se ponuda povećava, cena (poznata i kao vrednost) dobra opada.

Novac Gubi Funkciju 2. Deo: Kejnslandski Bankar

U priči o Njutoniji, alhemičar je otkrio način da se od malo peska jeftino stvori više zelenih perli. To se u stvarnosti odigralo kroz trgovinu između Evropljana i Afrikanaca, pričom o agri perlama. Međutim, ove priče su pomalo zastarele – mi više ne trgujemo robom za perle.

Da bismo nas doveli do modernog doba, hajde da promenimo neka imena u našoj priči:

1. Selo Njutonija postaje država koja se zove Kejnsland
2. Alhemičar postaje bankar
3. Seoski starešina postaje penzioner
4. Zelene perle postaju zlato, koje niko ne može jeftinije da stvori – čak ni bankar.

Bankar Menja Papirne Novčanice za Zlato

Kao i u stvarnosti, bankar u ovoj priči nema formulu ili trik da stvori više zlata. Međutim, bankar bezbedno čuva zlato u vlasništvu svakog građanina Kejnslanda. Bankar daje svakom građaninu po jednu potvrdu za svaku uncu zlata koje ima u svom trezoru.

Te potvrde se mogu iskoristiti u bilo koje vreme za stvarno zlato. Papirne potvrde ili novčanice su mnogo pogodnije za plaćanje nego nošenje zlata kroz supermarket.

Građani su srećni – oni imaju prikladno sredstvo plaćanja u vidu bankarevih novčanica, i znaju da niko ne može da ukrade njihovo bogatstvo falsifikujući više zlata.

Građani na kraju počinju da plaćaju u potpunosti papirnim novčanicama, ne trudeći se nikad da zamene svoje novčanice za zlato. Na kraju, novčanice postaju “dobre kao i zlato” – svaka predstavlja fiksnu količinu zlata u bankarevom trezoru.

Ukupno kruži 1.000.000 novčanica, od kojih je svaka otkupljiva za jednu uncu zlata. 1.000.000 unci zlata sedi u bankarevom trezoru. Svaka novčanica je u potpunosti podržana u zlatu.

Starešina koji je sačuvao sve svoje perle u priči o Njutoniji sada je penzioner u Kejnslandu, koji svoje zlato drži u banci i planira da ugodno živi od novčanica koje je dobio zauzvrat.

Hajde da u ovu priču dodamo i novi lik: premijera Kejnslanda. Premijer naplaćuje porez od građana i koristi ga za plaćanje javnih usluga poput policije i vojske. Premijer takođe drži vladino zlato kod bankara.

Bankar Menja Papirne Novčanice za Dug

Premijer želi da osigura da nacionalno zlato ostane na sigurnom, pa banku štiti policijom. Bankar i premijer se zbog toga zbližavaju, pa premijer traži uslugu. Traži od bankara da kreira 200.000 novčanica za premijera, uz obećanje da će mu premijer vratiti za pet godina. Premijeru su novčanice potrebne za finansiranje rata. Građani Kejnslanda borili su se protiv većih poreza zbog finansiranja rata, pa je morao da se obrati bankaru.

Bankar se slaže da izradi novčanice, ali pod jednim uslovom: bankar uzima deo od 10.000 novčanica za sebe. Premijer prihvata posao kojim bankar ’kupuje državni dug’. Sada je u opticaju 1.200.000 novčanica, potpomognutih kombinacijom 1.000.000 unci zlata i ugovorom o dugu sa vladom za 200.000 novčanica.

Premijer troši svoje nove novčanice na bombe kupujući ih od dobavljača iz domaće vojne industrije, a bankar sebi kupuje veliki luksuzni stan.

Dobavljač iz vojne industrije koristi sve nove novčanice koje je dobio od premijera da kupi amonijum nitrat (đubrivo koje se koristi u bombama) za proizvodnju bombi. Sve njegove kupovine povećavaju cenu đubriva za uzgajivače pšenice u Kejnslandu, pa oni podižu cenu pšenice.

Kao uzrok toga, pekar koji kupuje pšenicu treba da podigne cenu svog hleba da bi ostao u poslu. Na taj način cene u Kejnslandu počinju da rastu, baš kao što su to činile u Njutoniji kada su nove perle ušle u opticaj.

Papirne Novčanice Više Ne Predstavljaju Zlato

Penzioner nailazi na finansijski časopis u kojem se pominje premijerov dogovor da se zaduži za finansiranje rata. Obzirom da je mudar, on zna da bombe loše vraćaju ulaganje i sumnja da će premijer ikada da vrati svoj dug.

Ako on ‘podmiri’ svoj dug, to bi ostavilo 1.200.000 novčanica u opticaju sa samo 1.000.000 unci zlata da bi ih podržalo, obezvređujući njegovu ušteđevinu. Već oseća stisak u džepu zbog porasta cena, i on odlučuje da se uputi u lokalnu banku i preda svoje novčanice i zameni ih za zlato, koje niko ne može da napravi u većoj količini.

Kada penzioner stigne u banku, on zatiče i mnoge druge okupljene oko banke. Svi oni se nadaju da će uzeti zlato koje predstavljaju njihove novčanice. Građani Kejnslanda sa pravom se plaše da njihove novčanice gube na vrednosti – oni to već osećaju zbog porasta cena.

Vrata su zaključana, sa obaveštenjem bankara na njima:

Po nalogu premijera, onom koji se plaši za stabilnost ove bankarske institucije, ova banka više neće podržavati konvertibilnost papirnih novčanica u zlato. Hvala vam!

Gomila se razilazi, ostavljena sa jednim izborom: da zadrže svoje novčanice, koje sada vrede manje od 1 unce zlata. Građani sa dovoljno finansijske stabilnosti odlučuju da ulože svoje novčanice u kupovinu akcija banke i kompanija vojne industrije, koje dobro posluju jer mogu da kupuju stvari pre nego što se povećaju tržišne cene.

Mnogi ljudi nisu u mogućnosti da investiraju – oni moraju da gledaju kako njihove zarade stagniraju i kako njihova ušteđevina polako ali sigurno gubi vrednost.

Penzioner, koji se nadao da će živeti od novčanica koje je zaradio tokom svojih 40 radnih godina, sada 40 sati nedeljno provodi iza kase u lokalnoj prodavnici, pitajući se gde je sve pošlo po zlu.

Dug Nikada Nije Otplaćen

Prošlo je nekoliko godina, a premijerov dug prema banci dolazi na naplatu. Budući da je potrošio svih 200.000 novčanica na bombe, koje nemaju baš dobar povraćaj ulaganja, on nema novčanice koje može da vrati banci. Plus, premijer želi da kupi još bombi za svoj rat.

Bankar uverava premijera da je sve u redu. Bankar će napraviti novi ugovor o dugu za 600.000 novčanica, koji bi trebao da stigne na naplatu u narednih 5 godina. Premijer može da iskoristi 200.000 od tih novih 600.000 novčanica da vrati svoj prvobitni dug prema banci, zadrži još 300.000 da kupi još bombi i da 100.000 bankaru da bi mu platio njegove usluge.

To nastavlja da se dešava – svaki put kada dug dospeva na naplatu, bankar stvara više novčanica za vraćanje starijih dugova i daje premijeru još više novca za trošenje. Ovaj ciklus se nastavlja.

Šta se dešava u Kejnslandu?

• Oni koji prvi dobiju nove novčanice, gledaju kako se njihovo bogatstvo povećava
• To uključuje bankara, premijera, vladu i sve one koji mogu da pristupe mogućnostima za investiranje u preduzeća koja prva dobiju nove novčanice (finansijske, vojne itd.).
• Cene roba rastu
• Cene se ne povećavaju ravnomerno – one se povećavaju gde god nove novčanice prvo uđu u ekonomiju i od tog trenutka imaju efekat talasa na tržišta. U našem primeru prvo raste cena amonijum nitrata, zatim cena pšenice, pa cena hleba. A tek na kraju zarade običnih ljudi.
• Štednja i životni standard opšte populacije se smanjuju
• Najviše pate oni koji žive od plate do plate i ne mogu da ulažu. Čak i oni koji su u mogućnosti da investiraju podložni su hirovima tržišta. Mnogi su prisiljeni da prodaju svoje investicije po niskim cenama tokom pada tržišta samo da bi platili svoje dnevne potrebe.
• Razlika u prihodima i bogatstvu između bogatih i siromašnih se povećava
• Bogatstvo opšte populacije se smanjuje, dok se bogatstvo onih koji su blizu mesta gde se troše nove novčanice povećava. Rezultat je disparitet koji se vremenom samo proširuje.

Da li nas novac danas eksploatiše?

Priča o Njutoniji i stvarna priča o agri perlama u Africi deluju pomalo zastarelo. Priča o Kejnslandu, međutim, deluje neobično poznato. U našem svetu cene robe uvek rastu, i vidimo rekordne nivoe nejednakosti u bogatstvu.

U poslednjem odeljku ovog našeg članka Šta je novac, proći ću kroz nastanak bankarstva i korake koji su bili potrebni da se dođe do današnjeg sistema, gde banke i vlade sarađuju u kontroli ekonomije i samog novca.

Šta su banke, i odakle su one došle?

Pojava bankarstva verovatno se dogodila da bi olakšala poljoprivrednu trgovinu i da bi povećala pogodnosti. Iako su se mnoga društva na kraju konvergirala ka upotrebi zlata i srebra kao novca, ovi metali su bili teški i opasni za nošenje kao tovar. Međutim, u mnogim slučajevima ih nije ni trebalo prevoziti. Uzmite ovaj primer:

Grad treba da plati poljoprivrednicima na selu za žito, a poljoprivrednici gradskoj vojsci za zaštitu od varvara. U ovom dogovoru zlato se kreće u oba smera: prema poljoprivrednicima u selu kako bi im se platilo žito, i nazad u grad da bi se platila vojska. Da bi olakšali ove transakcije, preduzetnici su stvorili koncept banke. Banka je zlato čuvala u sigurnom trezoru i izdavala novčanice od papira. Svaka priznanica je predstavljala potvrdu da njen imaoc poseduje određenu količinu zlata u banci. Imaoc novčanice je u svako doba mogao da uzme svoje zlato nazad vraćanjem te novčanice banci.

Korisnici banke mogli su lakše da trguju sa novčanicama od papira, i onaj koji poseduje novčanice mogao je da preuzme njihovo fizičko zlato u bilo kom trenutku. To je te novčanice učinilo “dobrim kao i zlato”.

Banke su izdržavale svoje poslovanje naplaćujući od kupaca naknadu za skladištenje zlata ili pozajmljivanjem dela zlata i zaračunavanjem kamata na njega. Trgovina na ovaj način je mogla da se odvija sa laganim novčanicama od papira umesto sa teškim vrećama zlatnika.

Ovakva praksa sa transakcijama, korišćenjem papirne valute potpomognute monetarnim dobrima, verovatno je započela u Kini u 7. veku.

Na kraju se proširila Evropom 1600-ih, a svoj zalet dobila je u Holandiji sa bankama poput Amsterdamske Wisselbanke. Novčanice Wisselbank-e često su vredele više od zlata koje ih je podržavalo, zbog dodane vrednosti njihovih pogodnosti.

Uspon nacionalnih ‘centralnih banaka’

Tokom vekova, zlato je počelo da se sakuplja u trezorima banaka, jer su ljudi više voleli pogodnosti transakcija sa novčanicama.

Na kraju, nacionalne banke u vlasništvu vlada preuzele su ulogu čuvanja zlata od privatnih banaka koje su započeli preduzetnici.

Nacionalne papirne valute potpomognute zlatnim rezervama u nacionalnim bankama zamenile su novčanice iz privatnih banaka. Sve nacionalne valute bile su jednostavno potvrde za zlato koje se nalazilo u trezoru nacionalne banke.

Ovaj sistem je poznat kao zlatni standard – sve valute su jednostavno predstavljale različite težine zlata.

U gornjem levom uglu novčanice možete videti da piše da je novčanica “zamenljiva za zlato”. Savremeni dolari nemaju ovaj natpis, ali inače izgledaju vrlo slično. Izvor

Zlatni sistem je postojao veći deo vremena, sve do Prvog svetskog rata. Vladama je bilo teško da prikupe novac za ovaj rat putem poreza, pa su morale da budu kreativne.

Kada vlade troše više nego što zarađuju na porezima, to se naziva deficitna potrošnja.

Kako vlade mogu ovo da urade? Vlade to rade tako što pozajmljuju novac prodavajući svoj dug.

Tokom Prvog svetskog rata, vlade su građanima i preduzećima prodavale vrstu duga koja se naziva ratna obveznica. Kada građanin kupi ratnu obveznicu, on preda svoj novac vladi i dobije papir u kojem je stajalo vladino obećanje da će vlasniku obveznice vratiti novac, plus kamate, za nekoliko godina.

Plakat koji obaveštava građane, tražeći od njih da kupe ratne obveznice – što predstavlja zajam vladi. Izvor

Centralne banke ‘monetizuju’ državni dug

Međutim, građani i preduzeća nisu bili voljni da kupe dovoljno ratnih obveznica za finansiranje Prvog svetskog rata.

Vlade se nisu predale – pa su zatražile od svojih nacionalnih ‘centralnih banaka’ da one kupe ove obveznice. Centralne banke su otkupile obveznice, ali ih nisu platile valutom potpomognutom postojećim zlatnim rezervama, kao što su to činili građani i banke prilikom kupovine obveznica.

Centralne banke su umesto toga davale vladi novu, sveže štampanu papirnu valutu potpomognutu samo obveznicom. Ovu valutu podržalo je samo obećanje da će im vlada vratiti dugove. Ovo je poznato kao monetizacija duga.

Budući da su ratne obveznice i valuta samo komadi papira, one su lake i jeftine za proizvodnju i mogu se napraviti u ogromnim količinama. Ono što ograničava proizvodnju i jednog i drugog je poverenje.

Ima smisla da se neko rastane od svog teško stečenog novca da kupi državnu obveznicu, samo ako veruje da će vlada da vrati svoj dug, plus kamate. Centralna banka je “krajnji kupac”, što znači da će ona da kupi državne obveznice kada to niko drugi neće da uradi.

Zapamtite, centralnu banku gotovo da ništa ne košta da kupi državne obveznice, jer oni sami štampaju valutu da bi ih kupili.

Zamislite da pridjete najskupljem automobilu u autosalonu – koji košta 100.000 USD. Mislite da je automobil lep, ali taj novac biste radije potrošili na lepši stan – tako da ste spremni da platite samo 40.000 USD za taj auto.

Sada, hajde da zamislimo da imate štampač za novac i da vas košta samo 50 USD za mastilo i papir da bi ištampali 1.000.000 USD. Vi biste odmah kupili auto, čak i ako biste morali da se cenkate sa drugim čovekom, i da ga na kraju platite 150.000 USD!

Ista stvar se dešava kada centralna banka kupuje obveznice (dugove) od vlade. Centralna banka može da stvori valutu toliko jeftino, da su spremni da plate i više nego što bi drugi platili ove obveznice i nastaviće da ih kupuju čak i kada niko drugi ne bude želeo.

Monetizacija duga uzrokuje inflaciju

Kada centralne banke monetizuju državni dug, funkcija novca kao zalihe vrednosti počinje da se nagriza. Vlada troši novi novac koji je dobila od svoje centralne banke na ratnu robu, obroke i još mnogo toga.

Cene roba rastu od ove novoštampane valute koja kruži kroz ekonomiju. Kada se cene povećavaju, to znači da se vrednost svake jedinice valute smanjuje. Svi koji drže valutu sada imaju manje vrednosti. Danas to nazivamo sporim gubitkom funkcije zalihe vrednosti u novčanoj inflaciji.

Za Nemačku nakon Prvog svetskog rata monetizacija duga izazvala je totalni slom Nemačke ekonomije i stvorila uslove za rast fašizma.

Kao deo sporazuma o prekidu vatre koji je okončao Prvi svetski rat, Nemačka je pobednicima morala da plati ogroman novac. Nemačkoj vladi je bio preko potreban novac, pa su prodale obveznice (dug) Rajhsbanci, nemačkoj centralnoj banci.

Ovaj postupak doveo je do toga da je vlada štampala toliko maraka (tadašnja nemačka valuta) da je tempo inflacije u Nemačkoj ubrzan u hiperinflaciju početkom 1920-ih. Cena vekne hleba za samo 4 godine popela se sa 1,2 marke na 428 biliona maraka.

Tokom i posle Prvog svetskog rata, SAD, Britanija, Francuska i mnoge druge vlade pratile su Nemačku u štampanju valute potpomognute državnim dugom.

To je dovelo do toga da su građani želeli da svoju papirnu valutu zamene za zlato, baš kao i penzioner iz priče o Kejnslandu.

Međutim, mnoge vlade su suspendovale konvertibilnost svojih valuta u zlato. Ovim potezom vlade su primorale svoje građane da drže nacionalnu papirnu valutu i gledaju kako se njihova ušteda smanjuje u vrednosti.

Da bi mogle da nastave da štampaju novac i da bi ga trošile na nepopularne programe za koje nisu mogle da skupljaju poreze za finansiranje – poput ratova.

Bretton Woods: Novi monetarni sistem

Nakon razaranja koja su donela dva svetska rata, vlade su uspostavile novi globalni monetarni sistem prema Bretton Woods-ovom sporazumu iz 1944. godine.

Prema ovom sporazumu, valuta svake države konvertovala se po fiksnom kursu sa američkim dolarom. Američki dolar je zauzvrat predstavljao zlato po stopi od 35 USD za jednu trojsku uncu zlata*.

Sve globalne valute su stoga još uvek bile jednostavna reprezentacija zlata, putem američkih dolara kao posrednika. Redovni građani više nisu mogli da otkupljuju svoje valute za zlato iz Sjedinjenih Država. Međutim, strane centralne banke mogle bi da dođu u Sjedinjene Države da bi zamenile dolare za zlato po stopi od 35 USD za jednu uncu zlata.

Međutim, vlada Sjedinjenih Država nije uvek držala dovoljno zlata da podrži sve dolare u opticaju. Američka vlada nastavila je da finansira proširene socijalne i vojne programe prodajom državnog duga svojoj centralnoj banci, Federalnim rezervama, koja je povećala ponudu dolara bez povećanja ponude zlata koja podupire te dolare.

*Trojna unca je standardna mera čistog zlata i ima malo veću težinu od normalne unce.

Propast Bretton Woods-a

Tokom 1970-ih, sve veći troškovi rata u Vijetnamu i stranih vlada koje su otkupljivale svoje dolare za zlato, stvorili su pritisak na Trezor Sjedinjenih Država.

Ponuda dolara je porasla, dok je zlato u posedu Sjedinjenih Država opalo. Od 1950. pa do početka 1970-ih, rezerve zlata koje je držala vlada Sjedinjenih Država smanjile su se za više od 50%, sa 20 metričkih tona na samo 8 metričkih tona.

Godine 1970. država je imala zlata u vrednosti od samo 12 biliona dolara po zvaničnom kursu od 35 dolara za trojsku uncu zlata. Tokom ovog istog vremenskog perioda, ukupna ponuda američkih dolara otišla je sa oko 32 biliona USD na skoro 70 biliona USD.

Zvanične rezerve zlata u SAD-u su naglo padale od 1950. do 1970. godine, dok su se dolari u opticaju povećavali. Izvor: Wikipedia, DollarDaze.org

Američka vlada nije bila u stanju da potkrepi dolare zlatom od 35 dolara po trojnoj unci, što dovelo do rizika za čitav globalni monetarni sistem.

Početkom sedamdesetih godina, trojna unca zlata trebala je da vredi 200 USD da bi u potpunosti podržala sve američke dolare u opticaju. Rečeno na drugi način, Sjedinjene Države su pokušavale da kažu svetu da jedan dolar vredi 1/35 trojne unce zlata, ali u stvarnosti dolar je vredeo samo 1/200 trojne unce.

Kad su strane vlade trebale da pribave dolare za međunarodnu trgovinu i rezerve, bile su opelješene. Francuska vlada je to shvatila šezdesetih godina prošlog veka i počela je da prodaje svoje američke dolare za zlato po zvaničnom kursu od 35 dolara za trojsku uncu zlata.

Zemlje su počinjale da se bude iz šeme američke vlade. SAD su krale bogatstvo putem emisione dobiti, prodajući dolare za 1/35 trojne unce zlata, kada su vredeli samo 1/200 trojske unce.

Nixonov Šok ulazi u ’tradicionalni’ novac

Da bi kuća od karata mogla da ostane na mestu, predsednik Nixon je 1971. najavio da će američka vlada privremeno da obustavi konvertibilnost dolara u zlato.

Strane vlade više nisu mogle da polažu pravo na zlato svojim papirnim dolarima, a dolar više nije bio “poduprt” zlatom. Nixon je tvrdio da će ovo stabilizovati dolar.

50 godina kasnije, kristalno je jasno da je ovo samo pomoglo dolaru da izgubi vrednost i da ovaj “privremeni” program još uvek traje.

Pre 1971. godine, sve globalne valute bile su vezane za američki dolar putem Bretton Woods-ovog sporazuma. Kada je Nixon promenio američki dolar iz dolara podržanog u zlatu u dolar podržan dugom, ovim je promenio i svaku drugu valutu na Zemlji.

Sam je učinio da se celokupna svetska ekonomija zasniva na dugovima. Valute više nisu predstavljale zlato, već su predstavljale vrednost državnog duga.

Zlatni Standard se nikada nije vratio

Konvertibilnost američkih dolara u zlato – zlatni standard – nikada se nije vratio.

Od 1971. godine, čitav globalni monetarni sistem pokreće se tradicionalnim “fiat” valutama: poverenjem u vladine institucije da održavaju valutni sistem.

Većina valuta podržana je kombinacijom duga njihove vlade i drugih tradicionalnih valuta poput dolara i evra. Papirne valute više nisu podržane zlatom, imovinom koja je više od 5000 godina služila kao težak novac.

Danas vas vlade prisiljavaju da plaćate porez u njihovoj valuti i manipulišu saznanjima oko novca kako bi osigurale da potražnja za njihovom valutom ostane velika.

To im omogućava da neprestano štampaju više valuta, da bi je potrošili na vladine projekte, uzrokujući inflaciju cena koja jede i smanjuje bogatstvo i plate.

Američka vlada sada prodaje državne obveznice (dugove), poznate kao obveznice Trezora SAD, eng. US Treasuries, komercijalnim bankama u zamenu za američke dolare.

Vlada koristi te dolare za finansiranje svog budžetskog deficita. Komercijalne banke prodaju mnoge obveznice Trezora SAD, koje su kupile, američkoj centralnoj banci, Federalnim Rezervama.

Federalne rezerve plaćaju komercijalnim bankama sveže štampanim novcem “pomoću računara i upisivanjem količine na račun”, kako je rekao bivši predsednik Fed-a Ben Bernanke.

Ove komercijalne banke često zarađuju samo kupujući obveznice Trezora SAD od države i prodajući ih centralnoj banci. Kupujte nisko, prodajte visoko.

Centralne banke ovaj proces kupovine državnog duga – odnosno pozajmljivanja novca državi – nazivaju operacijama otvorenog tržišta.

Kada centralna banka odjednom kupi velike iznose duga, oni to nazivaju kvantitativnim ublažavanjem. Centralne banke javno najavljuju kupovinu državnog duga, ali vrlo malo ljudi razume šta to zapravo znači.

Euro, jen i svaka druga valuta koja se danas koristi funkcionišu slično kao američki dolar.

Da li će SAD ikada vratiti svoj nacionalni dug? Neobična stvar u vezi sa državnim dugom SAD-a je ta što vlada poseduje štampariju potrebnu za njegovu otplatu.

Kao rezultat toga, kada vlada duguje novac, oni samo pozajme još više novca da bi otplatile taj dug, povećavajući nacionalni dug.

Ako vam ovo zvuči kao Ponzijeva piramidalna šema, to je zato što ona to i jeste – najveća Ponzijeva šema u istoriji. Kao i svaka Ponzijeva šema, nastaviće se sve dok su ljudi koji kupuju Ponzijevu šemu budu uvereni da će im biti plaćeno nazad.

Ako ljudi i nacije prestanu da se zadužuju i koriste američke dolare jer nemaju poverenja u američku vladu ili vide da cena robe raste (tj. dolar postaje sve manje vredan), potražnja za dolarom će opadati, što će izazvati začaranu spiralu.

Ova spirala često završi u hiperinflaciji, kao što smo videli u novijoj istoriji sa Jugoslavijom, Venecuelom, Argentinom, Zimbabveom i mnogim drugim državama.

Ovo je način kako funkcioniše novac na vašem bankovnom računu. Novac svake nacije na svetu pati od istih problema kao i perle i novčanice u pričama o Njutoniji i Kejnslandu.

Kako banke i vlade kradu tvoj novac?

Tokom vekova, stigli smo do monetarnog sistema u kojem banke i vlade mogu da štampaju novu valutu za finansiranje svojih operacija i svojih prijatelja u zločinu, dok kradu bogatstvo svojih građana.

Šta će se desiti sa svetom kada novac bude mogao da štampa svaki narod na planeti?

• Bogatstvo onih koji su blizu pravljenja nove valute se povećava
• Vlada i politički povlašćena klasa ljudi, imaju pristup novoštampanom novcu pre svih ostalih, pa mogu da ga potroše pre nego što cene porastu. Na ovaj efekat pokazao je ekonomista Richard Cantillon sredinom 1700-ih i poznat je kao Cantillonov Efekat.
• Cena robe raste (poznato kao inflacija
• Ne raste sve roba istovremeno u ceni. Roba blizu mesta gde se proizvodi nova valuta – finansijski sektor i vlada – prva raste, i odatle uzrokuje efekt talasa na cene.
• Inflacija se često predstavlja kao promena cene potrošačke korpe, poznata kao Indeks Potrošačkih Cena, eng. Consumer Price Index (CPI). Vlada ima alate za manipulisanje ovim brojem kako bi osigurala da se ona čini niskom i stabilnom, kao što je objašnjeno u našem članku o inflaciji.
• Finansijska imovina često primećuje ogromnu inflaciju, ali bankari to ne nazivaju inflacijom – oni kažu da naša ekonomija cveta! Nakon što su američke Federalne rezerve učetvorostručile ponudu američkih dolara u šest godina nakon finansijske krize 2008. godine, banke koje su dobile te nove dolare, kupile su akcije i obveznice, stvarajući ogroman balon u cenama ove imovine.
• Štednja i životni standard stanovništva se smanjuju
• Plate su jedna od poslednjih “cena” u ekonomiji koja se prilagođava, jer se često povećavaju samo jednom godišnje. U međuvremenu, cene dnevnih potrepština te osobe koja zaradjuje platu neprestano rastu kako novi novac kruži ekonomijom.
• Najviše su pogođeni oni koji žive od plate do plate – a to je 70% Amerikanaca.
• Razlike u prihodima između bogatih i siromašnih se povećavaju, kao što se vidi na grafikonu ispod.

*Koncentracija dohotka na vrhu naglo je porasla od 1970-ih

Zašto i dalje imamo isti monetarni sistem?

Ako ovaj sistem bogate još više obogaćuje, a siromašne još više osiromašuje, dovodeći do političke nestabilnosti, zašto ga onda ne bismo promenili?

Najveći razlog zašto se ništa ne menja je verovatno to što puno toga ne znamo o samom sistemu. Svi svakodnevno koristimo valute svojih vlada, ali većina nas ne razume kako sistem funkcioniše i šta on čini našim društvima.

Obrazovni sistem, mediji i finansijski stručnjaci neprestano nam govore da je monetarni sistem previše komplikovan da bi ga normalni ljudi razumeli. Mnogi od nas se zato i ne trude da pokušaju.

Još nekoliko razloga zašto ovaj sistem nastavlja da opstaje:

• Mnogo je ljudi koji imaju direktnu korist od štampanja novog novca.
• Ti ljudi ne žele nikakve promene i bore se da zadrže tu moć.
• Nacionalne valute su često pogodne
• Kreditne kartice, online bankarstvo i još mnogo toga čine upravljanje nacionalnim valutama i njihovo trošenje lakim i jednostavnim.
• Građani moraju da plaćaju porez u svojoj nacionalnoj valuti
• To stvara potražnju za tom valutom od svih građana, povećavajući njenu vrednost.
• Glavna međunarodna tržišta, poput nafte, denominirana su u dolarima.
• Nafta je potrebna svakoj zemlji na planeti, ali pošto mnogi ne mogu da je proizvode, moraju da je kupuju na međunarodnim berzama. Od 1970-ih na ovim berzama gotovo sva nafta se prodaje za dolare, što stvara potražnju za dolarima. Da bi se odmaknule od ovog sistema, zemlje bi trebale da pronađu novu valutu ili robu za trgovinu naftom, što zahteva vreme i rizike.
• Nije postojala dobra alternativa
• Uz globalnu ekonomiju u realnom vremenu, naš sistem digitalnog bankarstva koji koristi nacionalne valute je pogodan. Transakcija u tvrdom novcu poput zlata bila bi previše nezgrapna za današnji svet. Digitalna valuta pod nazivom Bitcoin, predstavljena 2009. godine, je rastuća alternativa koja nudi čvrst novac koji se kreće brzinom interneta.

Šta je novac, i zašto trebate da brinete?

Novac je alat koji olakšava razmenu dobara. Kao i svako drugo dobro, novac se pridržava zakona ponude i potražnje – povećanje potražnje povećaće njegovu vrednost, a povećanje ponude smanjiće njegovu vrednost.

Na ovaj način novac se ne razlikuje od kuće ili piletine. Međutim, velika prodajnost novca znači da je potražnja za njim uvek velika. Kao rezultat, novac mora biti težak za proizvodnju (a samim tim i ograničen u ponudi) ili će ga onaj ko ga može napraviti, stvoriti toliko, da vremenom više neće služiti kao zaliha vrednosti. Uskoro će izgubiti svoje funkcije kao sredstvo razmene i obračunske jedinice.

Najbolji novac u datoj ekonomiji je onaj koji se najslobodnije kreće – svi ga žele, lako je obaviti transakcije sa njim i koji sa vremenom dobro drži svoju vrednost. Nijedan novac nije savršen u svemu ovome, a neki ističu jednu funkciju novca na štetu drugih.

Iako se istorija ne ponavlja, ona se rimuje, a usponi i padovi monetarnih sistema imaju jasne ritmove. Uspon i pad monetarnog sistema često sledi opšti obrazac koji smo videli u pričama o agri perlama i Kejnslandu: pojavljuje se odredjenji oblik novca koji pomaže ljudima da efikasnije trguju i štede, ali na kraju gubi na vrednosti kada neko shvati kako da ga jeftino stvori u velikoj količini. Međutim, tokom dugog perioda vremena, monetarni sistemi su se poboljšali u sve tri funkcije novca.

Na primer, zlato je tokom vremena dobro služilo kao zaliha vrednosti. Međutim, naša međusobno povezana ekonomija ne bi mogla efikasno da funkcioniše ako bi trebalo da fizičko zlato zamenimo robom i uslugama. Mnogo je lakše kretati se na papirnom i digitalnom novcu, ali istorija nam govori da su vlade i bankari iskoristili ove oblike novca za krađu bogatstva putem inflacije.

Današnji globalni monetarni sistem je vrlo zgodan, a digitalna plaćanja i kreditne kartice olakšavaju trošenje novca. Ovo skriva stalnu inflaciju koja nagriza vrednost svake jedinice novca i dovodi do sve većeg jaza u bogatstvu.

Nadam se da je ovaj članak proširio vaše razumevanje novca i njegove uloge u društvu. Ovo je samo početak svega što treba istražiti o novcu: za kasnije su sačuvane teme o inflaciji, kamatnim stopama, pozajmljivanju, poslovnim ciklusima i još mnogo toga.

Efikasnija Ušteda Novca

Možda se pitate kako zaštititi svoju štednju kada svaki oblik često korišćenog novca i investicija pati od inflacije ponude – koja umanjuje vrednost i prenosi bogatstvo onima koji mogu da stvore novac ili investiciju. Možda se čini da se ništa na planeti danas ne može kvalifikovati kao ‘težak’ novac, ali dve stvari ipak ostaju: zlato i njegov noviji rođak Bitcoin. Obe ove stvari je neverovatno teško proizvesti, a jedna od njih se kreće brzinom interneta i može se čuvati u vašem mozgu.

Ako želite da saznate više o Bitcoin-u kao sredstvu za zaštitu vaše ušteđevine, pročitajte ovde. Ako ste već spremni za kupovinu Bitcoin-a, pogledajte moj vodič za kupovinu Bitcoin-a. Možete početi sa investiranjem sa samo 5 ili 10 €.

Zasluge

Hvala svima koji su pomogli u izradi i uređivanju ove serije o novcu: @ck_SNARKS, @CryptoRothbard, Neil Woodfine, Emil Sandstedt, Taylor Pearson, Parker Lewis, Jason Choi, mojoj porodici i mnogim drugima.

Hvala svima koji su ovo inspirisali i razvili ključne ideje koje su ovde primenjene: Friedrich Hayek, Carl Menger, Ludwig Von Mises, Murray Rothbard, Saifedean Ammous, Dan Held, Pierre Rochard, Stephan Livera, Michael Goldstein, i mnogi drugi.

Molim vas da šerujete! Ako vam je ovaj članak otvorio oči o tome kako funkcioniše naš novac i finansijski sistem, kontaktirajte me ili ostavite komentar!

Ako vam se sviđa moj rad, molim vas da ga podelite sa svojim prijateljima i porodicom. Cilj mi je da svima pružim pogled u ekonomiju i na to kako ona utiče na njihov život.

@ 502ab02a:a2860397

ถ้าพูดถึง "เกาหลีใต้" หลายคนอาจนึกถึงซีรีส์ น้ำจิ้มเผ็ด หรือไอดอลหน้าผ่อง ๆ แต่เบื้องหลังวัฒนธรรมที่ลื่นไหลไปทั่วโลกนี้ ยังมีอาณาจักรธุรกิจขนาดมหึมาที่เป็นเหมือนเครื่องยนต์หลักผลักดันทั้งอาหาร เพลง หนัง และนวัตกรรมระดับโลก หนึ่งในนั้นคือ CJ Group ที่เริ่มต้นจากบริษัทน้ำตาลเล็ก ๆ ในปี 1953 แต่เติบโตจนกลายเป็นหนึ่งใน conglomerate หรือ "กลุ่มธุรกิจผูกเครือ" ที่ทรงอิทธิพลที่สุดของแดนโสม

คำว่า CJ ย่อมาจาก CheilJedang (แปลว่า “หมายเลขหนึ่งแห่งโลก” ในภาษาจีน-เกาหลี) ก่อตั้งโดย อี บยองชอล ผู้ก่อตั้ง Samsung Group ในช่วงเวลานั้น เกาหลีใต้กำลังฟื้นตัวจากสงครามเกาหลี และรัฐบาลส่งเสริมการพัฒนาอุตสาหกรรมภายในประเทศ เดิมเป็นหน่วยธุรกิจอาหารของกลุ่ม Samsung ในปี 1993 Cheil Jedang แยกตัวออกจาก Samsung Group และกลายเป็นบริษัทอิสระภายใต้การบริหารของ อี แจฮยอน หลานชายของอี บยองชอล แล้วขยายขอบเขตธุรกิจอย่างไม่หยุดยั้ง จากความเชี่ยวชาญใน "การหมัก" แบบดั้งเดิม พวกเขากลับกลายเป็นผู้เล่นรายใหญ่ระดับโลกในวงการ เทคโนโลยีชีวภาพ การผลิตอาหารไปจนถึงธุรกิจ บันเทิงระดับฮอลลีวูด และ โลจิสติกส์ข้ามทวีป

พูดง่าย ๆ ว่า CJ ไม่ได้แค่ส่งออกกิมจิหรือบิบิมบับ แต่พวกเขากำลังวางรากฐานของ "อนาคตแห่งอาหาร" และ "ความบันเทิงแบบไร้พรมแดน" ในเวลาเดียวกัน จนใครหลายคนถึงกับบอกว่า ถ้าอยากเข้าใจเกาหลีใต้ ก็ต้องเริ่มจากเข้าใจ CJ Group เสียก่อน

แล้วในเครือข่ายของ CJ Group มีธุรกิจอะไรบ้างที่น่าสนใจ และแบรนด์ไหนที่เราคุ้นเคยแบบไม่รู้ตัว ไปดูกันเลย

1. ธุรกิจอาหารและบริการอาหาร (Food & Food Services)
2. CJ CheilJedang บริษัทอาหารชั้นนำของเกาหลีใต้ มีผลิตภัณฑ์เด่น ได้แก่ Bibigo แบรนด์อาหารเกาหลีพร้อมรับประทาน เช่น เกี๊ยว ซอส และกิมจิ Hetbahn ข้าวสวยพร้อมรับประทานที่ได้รับความนิยมในเกาหลี

3. CJ Foodville ดำเนินธุรกิจร้านอาหารและเบเกอรี่ เช่น: Tous Les Jours ร้านเบเกอรี่สไตล์ฝรั่งเศส VIPS ร้านสเต็กและสลัดบุฟเฟ่ต์

4. ธุรกิจเทคโนโลยีชีวภาพ (Bio) ความเชี่ยวชาญนี้เป็นรากฐานสำคัญในการขยายธุรกิจด้านเทคโนโลยีชีวภาพของ CJ เลยครับ

5. CJ BIO ผู้นำด้านการผลิตกรดอะมิโนและผลิตภัณฑ์ชีวภาพผ่านเทคโนโลยีการหมักจุลินทรีย์ เช่น Lysine, Tryptophan, Valine กรดอะมิโนที่ใช้ในอุตสาหกรรมอาหารสัตว์และอาหารเสริม

6. CJ Bioscience มุ่งเน้นการวิจัยและพัฒนาไมโครไบโอมเพื่อสุขภาพ

7. ธุรกิจโลจิสติกส์และค้าปลีก (Logistics & Retail)

8. CJ Logistics ให้บริการโลจิสติกส์ครบวงจร ทั้งการขนส่งทางบก ทางทะเล และทางอากาศ รวมถึงบริการคลังสินค้าและการจัดการซัพพลายเชน

9. CJ Olive Young: ร้านค้าปลีกด้านสุขภาพและความงามอันดับหนึ่งของเกาหลี มีผลิตภัณฑ์ยอดนิยม เช่น Anua PDRN Set ชุดบำรุงผิวที่ได้รับความนิยม MILKTOUCH ผลิตภัณฑ์เมคอัพที่ได้รับความนิยม

10. ธุรกิจบันเทิงและสื่อ (Entertainment & Media) อันนี้ยิ่งใหญ่ระดับโลกมากๆ หลายคนคงจำได้กับ ภาพยนตร์เอเชียแรกกับรางวัลออสการ์ Parasite

11. CJ ENM บริษัทผลิตและจัดจำหน่ายเนื้อหาบันเทิงที่มีชื่อเสียงระดับโลก มีผลงานเด่น ได้แก่ Crash Landing on You ซีรีส์ที่ได้รับความนิยมอย่างสูง Parasite ภาพยนตร์ที่ได้รับรางวัลออสการ์
12. CJ CGV เครือโรงภาพยนตร์มัลติเพล็กซ์ที่มีสาขาทั่วโลก

CJ Group ขยายธุรกิจไปยังต่างประเทศ เช่น การเข้าซื้อกิจการ Schwan's Company ในสหรัฐอเมริกา และการเปิดสาขา CGV ในหลายประเทศ นอกจากนี้ CJ ยังมีบทบาทสำคัญในการเผยแพร่วัฒนธรรมเกาหลีสู่ระดับโลกผ่าน KCON และการผลิตเนื้อหาบันเทิงที่ได้รับความนิยมในต่างประเทศด้วยครับ

จะเห็นได้ว่า เครือข่ายของ CJ นั้นยิ่งใหญ่มากๆเลย ทีนี้มีเรื่องน่าสนใจตรงนี้ครับ

ในช่วงปี 2013–2016 CJ Group โดยเฉพาะฝ่ายสื่อบันเทิงอย่าง CJ ENM ต้องเผชิญกับแรงกดดันจากรัฐบาลของประธานาธิบดี พัค กึนฮเย เหตุการณ์สำคัญคือการที่ อี มีคยอง (Miky Lee) รองประธาน CJ และผู้มีบทบาทสำคัญในการขับเคลื่อนธุรกิจบันเทิงระดับโลก ถูกกดดันให้ลาออกจากตำแหน่ง รายงานระบุว่า ทำเนียบประธานาธิบดีไม่พอใจเนื้อหาสื่อบางรายการของ CJ ที่มีลักษณะเสียดสีหรือวิพากษ์วิจารณ์รัฐบาล เช่น รายการ SNL Korea ที่ล้อเลียนพัค กึนฮเย ผ่านตัวละคร Teletubbies

ภายใต้แรงกดดันนี้ CJ มีการปรับเปลี่ยนเนื้อหาสื่อ โดยลดการนำเสนอเนื้อหาที่อาจขัดแย้งกับรัฐบาล และหันไปผลิตภาพยนตร์ที่สอดคล้องกับนโยบายของรัฐ เช่น ภาพยนตร์เรื่อง Ode to My Father (2014) ที่สะท้อนความรักชาติและการพัฒนาเศรษฐกิจในยุคของพัค ชุงฮี บิดาของพัค กึนฮเย ภาพยนตร์เรื่องนี้ได้รับการสนับสนุนจากรัฐบาลและถูกมองว่าเป็น "ภาพยนตร์เพื่อสุขภาพ" ที่ส่งเสริมความภาคภูมิใจในชาติ แน่นอนว่าแค้นฝังหุ่นมันยังไม่หายไปไหนครับ

เมื่อเกิดการเปิดโปง "บัญชีดำ" (Blacklist) ของรัฐบาลพัค กึนฮเย ที่มีการจำกัดสิทธิเสรีภาพของศิลปินและผู้ผลิตสื่อที่วิพากษ์วิจารณ์รัฐบาล ทำให้เกิดกระแสต่อต้านอย่างรุนแรงในสังคมเกาหลี. ในปี 2016 ซน กยองชิก ประธาน CJ ได้ให้การต่อศาลว่า มีแรงกดดันจากรัฐบาลให้ อี มีคยอง หลีกเลี่ยงการมีบทบาทในบริษัท เหตุการณ์นี้เป็นส่วนหนึ่งของการเปิดโปงคดีทุจริตของพัค กึนฮเย ซึ่งนำไปสู่การประท้วงครั้งใหญ่และการถอดถอนประธานาธิบดีในปี 2017

หลังจากการเปลี่ยนแปลงทางการเมือง CJ Group ได้กลับมามีบทบาทอย่างเต็มที่ในวงการบันเทิงอีกครั้ง อี มีคยอง กลับมาดำรงตำแหน่งและมีบทบาทสำคัญในการผลักดันภาพยนตร์เรื่อง Parasite (2019) ซึ่งได้รับรางวัลออสการ์และยกระดับภาพลักษณ์ของ CJ ในระดับโลก ซึ่งถ้าใครได้ดูหนังเรื่องนั้นแล้วรู้เรื่องราวเบื้องหลังนี้จะเข้าใจเนื้อหาได้อย่างลึกซึ้งขึ้นไปอีกเลยครับ การนำเสนอเรื่องราวนี้ถือเป็นการวิพากษ์วิจารณ์สังคมและระบบทุนนิยมอย่างชัดเจน ซึ่งแตกต่างจากแนวทางที่ CJ เคยถูกกดดันให้ปฏิบัติตามในยุคของพัค กึนฮเย อย่างสิ้นเชิง

อย่าเพิ่งไปสะใจกับเนื้อหา ให้มองว่า "เขาทำอะไรได้บ้าง" นี่คือประเด็นสำคัญครับ #pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ 6389be64:ef439d32

Black Locust can grow up to 170 ft tall

Grows 3-4 ft. per year

Native to North America

Cold hardy in zones 3 to 8

Firewood

• BLT wood, on a pound for pound basis is roughly half that of Anthracite Coal
• Since its growth is fast, firewood can be plentiful

Timber

• Rot resistant due to a naturally produced robinin in the wood
  • 100 year life span in full soil contact! (better than cedar performance)
  • Fence posts
  • Outdoor furniture
  • Outdoor decking
• Sustainable due to its fast growth and spread
  • Can be coppiced (cut to the ground)
  • Can be pollarded (cut above ground)
• Its dense wood makes durable tool handles, boxes (tool), and furniture
  • The wood is tougher than hickory, which is tougher than hard maple, which is tougher than oak.
  • A very low rate of expansion and contraction
  • Hardwood flooring
  • The highest tensile beam strength of any American tree
• The wood is beautiful

Legume

• Nitrogen fixer
  • Fixes the same amount of nitrogen per acre as is needed for 200-bushel/acre corn
  • Black walnuts inter-planted with locust as “nurse” trees were shown to rapidly increase their growth [[Clark, Paul M., and Robert D. Williams. (1978) Black walnut growth increased when interplanted with nitrogen-fixing shrubs and trees. Proceedings of the Indiana Academy of Science, vol. 88, pp. 88-91.]]

Bees

• The edible flower clusters are also a top food source for honey bees

Shade Provider

• Its light, airy overstory provides dappled shade
  • Planted on the west side of a garden it provides relief during the hottest part of the day
  • (nitrogen provider)
  • Planted on the west side of a house, its quick growth soon shades that side from the sun

Wind-break

• Fast growth plus it's feathery foliage reduces wind for animals, crops, and shelters

Fodder

• Over 20% crude protein
• 4.1 kcal/g of energy
• Baertsche, S.R, M.T. Yokoyama, and J.W. Hanover (1986) Short rotation, hardwood tree biomass as potential ruminant feed-chemical composition, nylon bag ruminal degradation and ensilement of selected species. J. Animal Sci. 63 2028-2043

@ 8d34bd24:414be32b

In our culture today, people like to have “my truth” as opposed to “your truth.” They want to have teachers who tell them what they want to hear and worship in the way they desire. The Bible predicted these times.

For the time will come when people will not put up with sound doctrine. Instead, to suit their own desires, they will gather around them a great number of teachers to say what their itching ears want to hear. (2 Timothy 4:3)

My question is, “do we get to choose what we want to believe about God and how we want to worship Him, or does God tell us what we are to believe and how we are to worship Him?”

The Bible makes it clear that He is who He says He is and He expects obedience and worship according to His commands. We do not get to decide for ourselves.

The woman said to Him, “Sir, I perceive that You are a prophet. Our fathers worshiped in this mountain, and you people say that in Jerusalem is the place where men ought to worship.” Jesus said to her, “Woman, believe Me, an hour is coming when neither in this mountain nor in Jerusalem will you worship the Father. You worship what you do not know; we worship what we know, for salvation is from the Jews. But an hour is coming, and now is, when the true worshipers will worship the Father in spirit and truth; for such people the Father seeks to be His worshipers. God is spirit, and those who worship Him must worship in spirit and truth.” (John 4:19-24) {emphasis mine}

In this passage, Jesus gently corrects the woman for worshipping what she does not know. He also says, “God is spirit, and those who worship Him must worship in spirit and truth.” He states what God is (spirit) and how He must be worshipped “in spirit and truth.” We don’t get to define God however we wish, and we don’t get to worship Him any way we wish. God is who He has revealed Himself to be and we must obey Him and worship Him the way He has commanded.

In this next passage, God makes clear that He is holy and we do not get to worship Him any way we wish. We are to interact with Him in the prescribed manner.

Now Nadab and Abihu, the sons of Aaron, took their respective firepans, and after putting fire in them, placed incense on it and offered strange fire before the Lord, which He had not commanded them. And fire came out from the presence of the Lord and consumed them, and they died before the Lord. Then Moses said to Aaron, “It is what the Lord spoke, saying,

‘By those who come near Me I will be treated as holy,\ And before all the people I will be honored.’ ”

So Aaron, therefore, kept silent. (Leviticus 10:1-3) {emphasis mine}

God had prescribed a particular way to approach Him and only those whom He had chosen (priests of the lineage of Aaron). Nadab and Abihu chose to “do it their way” and paid the price for ignoring God’s command. God set an example with them.

God has been gracious enough to reveal Himself, His character, His power, and His commands to us. If we have truly submitted ourselves to His rule, we should hunger for God’s words so we can know Him better and honor Him in obedience.

But now I come to You; and these things I speak in the world so that they may have My joy made full in themselves. I have given them Your word; and the world has hated them, because they are not of the world, even as I am not of the world. I do not ask You to take them out of the world, but to keep them from the evil one. They are not of the world, even as I am not of the world. Sanctify them in the truth; Your word is truth. (John 17:13-17) {emphasis mine}

In today’s culture, everybody likes to claim their own personal truth, but that isn’t how truth works. The truth is not determined by an individual for themselves. It isn’t even determined by a consensus or majority vote. The truth is the truth even if not one person on earth believes it. God speaks truth and God is truth. Our belief or lack thereof doesn’t change the truth, but our lack of belief in the truth, especially the truth as revealed by God in His word, can negatively affect our relationship with God.

God expects us to study His word so we can obey His commands.

For I did not speak to your fathers, or command them in the day that I brought them out of the land of Egypt, concerning burnt offerings and sacrifices. But this is what I commanded them, saying, ‘Obey My voice, and I will be your God, and you will be My people; and you will walk in all the way which I command you, that it may be well with you.’ Yet they did not obey or incline their ear, but walked in their own counsels and in the stubbornness of their evil heart, and went backward and not forward. Since the day that your fathers came out of the land of Egypt until this day, I have sent you all My servants the prophets, daily rising early and sending them. Yet they did not listen to Me or incline their ear, but stiffened their neck; they did more evil than their fathers. (Jeremiah 7:22-26) {emphasis mine}

Today you rarely see someone bowing down to a golden idol, but that doesn’t mean that we are any better at obeying God’s commands or submitting to His will. We still try to make God in our own image so He is a convenience to us and how we want to live our lives. We still put other things ahead of God — family, work, entertainment, fame, etc. Most of us aren’t any more faithful to God than the Israelites were. Just like the Israelites, we put on the trappings of faith but don’t live according to faith and faithfulness.

And He said to them, “Rightly did Isaiah prophesy of you hypocrites, as it is written:

‘This people honors Me with their lips,\ But their heart is far away from Me.\ **But in vain do they worship Me,\ Teaching as doctrines the precepts of men.’\ Neglecting the commandment of God, you hold to the tradition of men.”

He was also saying to them, “You are experts at setting aside the commandment of God in order to keep your tradition. (Mark 7:6-9) {emphasis mine}

How many “churches” and “Christian” leaders teach people according to the culture instead of according to the Word of God? How many tell people what they want to hear and what makes them feel good instead of what they need to hear — the truth as spoken through the Bible? How many church attenders follow a “Christian” leader more than they follow their Creator, Savior, and God? How many church attenders can recite the words of their leaders better than the Holy Scriptures?

I solemnly charge you in the presence of God and of Christ Jesus, who is to judge the living and the dead, and by His appearing and His kingdom: preach the word; be ready in season and out of season; reprove, rebuke, exhort, with great patience and instruction. For the time will come when they will not endure sound doctrine; but wanting to have their ears tickled, they will accumulate for themselves teachers in accordance to their own desires, and will turn away their ears from the truth and will turn aside to myths. But you, be sober in all things, endure hardship, do the work of an evangelist, fulfill your ministry. (2 Timothy 4:1-5) {emphasis mine}

How can we know if a church leader is rightly preaching God’s word? We can only know if we have read the Bible and studied it. We should be like the Bereans:

Now these were more noble-minded than those in Thessalonica, for they received the word with great eagerness, examining the Scriptures daily to see whether these things were so. (Acts 17:11)

Honestly, I don’t trust any spiritual leader who doesn’t encourage me to search the Scriptures to see whether their words are true. Any leader who puts their own word above the Scriptures is a false teacher. Sadly there are many, maybe more than faithful teachers. Some false teachers are intentionally so, but many have been misled by other false teachers. Their guilt is less, but they don’t do any less harm than those who intentionally mislead.

We need to seek trustworthy teachers who speak according to the Word of God, who quote the Bible to support their opinions, and who seek the good of their followers rather than the submission of their followers.

Do not harden your hearts, as at Meribah,\ As in the day of Massah in the wilderness,

“When your fathers tested Me,\ They tried Me, though they had seen My work.\ For forty years I loathed that generation,\ And said they are a people who err in their heart,\ And they do not know My ways.\ Therefore I swore in My anger,\ Truly they shall not enter into My rest.” (Psalm 95:8-11) {emphasis mine} *Teach me good discernment and knowledge,\ For I believe in Your commandments*.\ Before I was afflicted I went astray,\ But now I keep Your word.\ You are good and do good;\ Teach me Your statutes.\ The arrogant have forged a lie against me;\ *With all my heart I will observe Your precepts*.\ Their heart is covered with fat,\ But I delight in Your law.\ It is good for me that I was afflicted,\ That I may learn Your statutes.\ The law of Your mouth is better to me\ Than thousands of gold and silver pieces. (Psalm 119:66-72) {emphasis mine}

May our Creator God teach us the truth. May He fill our hearts with the desire to be in His word daily and to seek His will. May He do what is necessary to get our attention and turn our hearts and minds fully to Him, so we can learn His statutes and serve Him faithfully, so one day we are blessed to hear, “Well done! Good and faithful servant.”

Trust Jesus.

FYI, I see lack of knowledge of truth and God’s word as one of the biggest problems in the church today; however, it is possible to know the Bible in depth, but not know God. As important as knowledge of Scriptures is, this knowledge (without faith, submission, obedience, and love) is meaningless. Knowledge doesn’t get us to heaven. Even obedience doesn’t get us to heaven. Only faith and submission to our creator God leads to salvation and heaven. That being said, we can’t faithfully serve our God without knowledge of Him and His commands. Out of gratefulness for who He is and what He has done for us, we should seek to know and please Him.

@ ffbcb706:b0574044

Just a client name test

@ 6389be64:ef439d32

Bitcoin is more than money, more than an asset, and more than a store of value. Bitcoin is a Prime Mover, an enabler and it ignites imaginations. It certainly fueled an idea in my mind. The idea integrates sensors, computational prowess, actuated machinery, power conversion, and electronic communications to form an autonomous, machined creature roaming forests and harvesting the most widespread and least energy-dense fuel source available. I call it the Forest Walker and it eats wood, and mines Bitcoin.

I know what you're thinking. Why not just put Bitcoin mining rigs where they belong: in a hosted facility sporting electricity from energy-dense fuels like natural gas, climate-controlled with excellent data piping in and out? Why go to all the trouble building a robot that digests wood creating flammable gasses fueling an engine to run a generator powering Bitcoin miners? It's all about synergy.

Bitcoin mining enables the realization of multiple, seemingly unrelated, yet useful activities. Activities considered un-profitable if not for Bitcoin as the Prime Mover. This is much more than simply mining the greatest asset ever conceived by humankind. It’s about the power of synergy, which Bitcoin plays only one of many roles. The synergy created by this system can stabilize forests' fire ecology while generating multiple income streams. That’s the realistic goal here and requires a brief history of American Forest management before continuing.

Smokey The Bear

In 1944, the Smokey Bear Wildfire Prevention Campaign began in the United States. “Only YOU can prevent forest fires” remains the refrain of the Ad Council’s longest running campaign. The Ad Council is a U.S. non-profit set up by the American Association of Advertising Agencies and the Association of National Advertisers in 1942. It would seem that the U.S. Department of the Interior was concerned about pesky forest fires and wanted them to stop. So, alongside a national policy of extreme fire suppression they enlisted the entire U.S. population to get onboard via the Ad Council and it worked. Forest fires were almost obliterated and everyone was happy, right? Wrong.

Smokey is a fantastically successful bear so forest fires became so few for so long that the fuel load - dead wood - in forests has become very heavy. So heavy that when a fire happens (and they always happen) it destroys everything in its path because the more fuel there is the hotter that fire becomes. Trees, bushes, shrubs, and all other plant life cannot escape destruction (not to mention homes and businesses). The soil microbiology doesn’t escape either as it is burned away even in deeper soils. To add insult to injury, hydrophobic waxy residues condense on the soil surface, forcing water to travel over the ground rather than through it eroding forest soils. Good job, Smokey. Well done, Sir!

Most terrestrial ecologies are “fire ecologies”. Fire is a part of these systems’ fuel load and pest management. Before we pretended to “manage” millions of acres of forest, fires raged over the world, rarely damaging forests. The fuel load was always too light to generate fires hot enough to moonscape mountainsides. Fires simply burned off the minor amounts of fuel accumulated since the fire before. The lighter heat, smoke, and other combustion gasses suppressed pests, keeping them in check and the smoke condensed into a plant growth accelerant called wood vinegar, not a waxy cap on the soil. These fires also cleared out weak undergrowth, cycled minerals, and thinned the forest canopy, allowing sunlight to penetrate to the forest floor. Without a fire’s heat, many pine tree species can’t sow their seed. The heat is required to open the cones (the seed bearing structure) of Spruce, Cypress, Sequoia, Jack Pine, Lodgepole Pine and many more. Without fire forests can’t have babies. The idea was to protect the forests, and it isn't working.

So, in a world of fire, what does an ally look like and what does it do?

Meet The Forest Walker

For the Forest Walker to work as a mobile, autonomous unit, a solid platform that can carry several hundred pounds is required. It so happens this chassis already exists but shelved.

Introducing the Legged Squad Support System (LS3). A joint project between Boston Dynamics, DARPA, and the United States Marine Corps, the quadrupedal robot is the size of a cow, can carry 400 pounds (180 kg) of equipment, negotiate challenging terrain, and operate for 24 hours before needing to refuel. Yes, it had an engine. Abandoned in 2015, the thing was too noisy for military deployment and maintenance "under fire" is never a high-quality idea. However, we can rebuild it to act as a platform for the Forest Walker; albeit with serious alterations. It would need to be bigger, probably. Carry more weight? Definitely. Maybe replace structural metal with carbon fiber and redesign much as 3D printable parts for more effective maintenance.

The original system has a top operational speed of 8 miles per hour. For our purposes, it only needs to move about as fast as a grazing ruminant. Without the hammering vibrations of galloping into battle, shocks of exploding mortars, and drunken soldiers playing "Wrangler of Steel Machines", time between failures should be much longer and the overall energy consumption much lower. The LS3 is a solid platform to build upon. Now it just needs to be pulled out of the mothballs, and completely refitted with outboard equipment.

The Small Branch Chipper

When I say “Forest fuel load” I mean the dead, carbon containing litter on the forest floor. Duff (leaves), fine-woody debris (small branches), and coarse woody debris (logs) are the fuel that feeds forest fires. Walk through any forest in the United States today and you will see quite a lot of these materials. Too much, as I have described. Some of these fuel loads can be 8 tons per acre in pine and hardwood forests and up to 16 tons per acre at active logging sites. That’s some big wood and the more that collects, the more combustible danger to the forest it represents. It also provides a technically unlimited fuel supply for the Forest Walker system.

The problem is that this detritus has to be chewed into pieces that are easily ingestible by the system for the gasification process (we’ll get to that step in a minute). What we need is a wood chipper attached to the chassis (the LS3); its “mouth”.

A small wood chipper handling material up to 2.5 - 3.0 inches (6.3 - 7.6 cm) in diameter would eliminate a substantial amount of fuel. There is no reason for Forest Walker to remove fallen trees. It wouldn’t have to in order to make a real difference. It need only identify appropriately sized branches and grab them. Once loaded into the chipper’s intake hopper for further processing, the beast can immediately look for more “food”. This is essentially kindling that would help ignite larger logs. If it’s all consumed by Forest Walker, then it’s not present to promote an aggravated conflagration.

I have glossed over an obvious question: How does Forest Walker see and identify branches and such? LiDaR (Light Detection and Ranging) attached to Forest Walker images the local area and feed those data to onboard computers for processing. Maybe AI plays a role. Maybe simple machine learning can do the trick. One thing is for certain: being able to identify a stick and cause robotic appendages to pick it up is not impossible.

Great! We now have a quadrupedal robot autonomously identifying and “eating” dead branches and other light, combustible materials. Whilst strolling through the forest, depleting future fires of combustibles, Forest Walker has already performed a major function of this system: making the forest safer. It's time to convert this low-density fuel into a high-density fuel Forest Walker can leverage. Enter the gasification process.

The Gassifier

The gasifier is the heart of the entire system; it’s where low-density fuel becomes the high-density fuel that powers the entire system. Biochar and wood vinegar are process wastes and I’ll discuss why both are powerful soil amendments in a moment, but first, what’s gasification?

Reacting shredded carbonaceous material at high temperatures in a low or no oxygen environment converts the biomass into biochar, wood vinegar, heat, and Synthesis Gas (Syngas). Syngas consists primarily of hydrogen, carbon monoxide, and methane. All of which are extremely useful fuels in a gaseous state. Part of this gas is used to heat the input biomass and keep the reaction temperature constant while the internal combustion engine that drives the generator to produce electrical power consumes the rest.

Critically, this gasification process is “continuous feed”. Forest Walker must intake biomass from the chipper, process it to fuel, and dump the waste (CO2, heat, biochar, and wood vinegar) continuously. It cannot stop. Everything about this system depends upon this continual grazing, digestion, and excretion of wastes just as a ruminal does. And, like a ruminant, all waste products enhance the local environment.

When I first heard of gasification, I didn’t believe that it was real. Running an electric generator from burning wood seemed more akin to “conspiracy fantasy” than science. Not only is gasification real, it’s ancient technology. A man named Dean Clayton first started experiments on gasification in 1699 and in 1901 gasification was used to power a vehicle. By the end of World War II, there were 500,000 Syngas powered vehicles in Germany alone because of fossil fuel rationing during the war. The global gasification market was $480 billion in 2022 and projected to be as much as $700 billion by 2030 (Vantage Market Research). Gasification technology is the best choice to power the Forest Walker because it’s self-contained and we want its waste products.

Biochar: The Waste

Biochar (AKA agricultural charcoal) is fairly simple: it’s almost pure, solid carbon that resembles charcoal. Its porous nature packs large surface areas into small, 3 dimensional nuggets. Devoid of most other chemistry, like hydrocarbons (methane) and ash (minerals), biochar is extremely lightweight. Do not confuse it with the charcoal you buy for your grill. Biochar doesn’t make good grilling charcoal because it would burn too rapidly as it does not contain the multitude of flammable components that charcoal does. Biochar has several other good use cases. Water filtration, water retention, nutrient retention, providing habitat for microscopic soil organisms, and carbon sequestration are the main ones that we are concerned with here.

Carbon has an amazing ability to adsorb (substances stick to and accumulate on the surface of an object) manifold chemistries. Water, nutrients, and pollutants tightly bind to carbon in this format. So, biochar makes a respectable filter and acts as a “battery” of water and nutrients in soils. Biochar adsorbs and holds on to seven times its weight in water. Soil containing biochar is more drought resilient than soil without it. Adsorbed nutrients, tightly sequestered alongside water, get released only as plants need them. Plants must excrete protons (H+) from their roots to disgorge water or positively charged nutrients from the biochar's surface; it's an active process.

Biochar’s surface area (where adsorption happens) can be 500 square meters per gram or more. That is 10% larger than an official NBA basketball court for every gram of biochar. Biochar’s abundant surface area builds protective habitats for soil microbes like fungi and bacteria and many are critical for the health and productivity of the soil itself.

The “carbon sequestration” component of biochar comes into play where “carbon credits” are concerned. There is a financial market for carbon. Not leveraging that market for revenue is foolish. I am climate agnostic. All I care about is that once solid carbon is inside the soil, it will stay there for thousands of years, imparting drought resiliency, fertility collection, nutrient buffering, and release for that time span. I simply want as much solid carbon in the soil because of the undeniably positive effects it has, regardless of any climactic considerations.

Wood Vinegar: More Waste

Another by-product of the gasification process is wood vinegar (Pyroligneous acid). If you have ever seen Liquid Smoke in the grocery store, then you have seen wood vinegar. Principally composed of acetic acid, acetone, and methanol wood vinegar also contains ~200 other organic compounds. It would seem intuitive that condensed, liquefied wood smoke would at least be bad for the health of all living things if not downright carcinogenic. The counter intuition wins the day, however. Wood vinegar has been used by humans for a very long time to promote digestion, bowel, and liver health; combat diarrhea and vomiting; calm peptic ulcers and regulate cholesterol levels; and a host of other benefits.

For centuries humans have annually burned off hundreds of thousands of square miles of pasture, grassland, forest, and every other conceivable terrestrial ecosystem. Why is this done? After every burn, one thing becomes obvious: the almost supernatural growth these ecosystems exhibit after the burn. How? Wood vinegar is a component of this growth. Even in open burns, smoke condenses and infiltrates the soil. That is when wood vinegar shows its quality.

This stuff beefs up not only general plant growth but seed germination as well and possesses many other qualities that are beneficial to plants. It’s a pesticide, fungicide, promotes beneficial soil microorganisms, enhances nutrient uptake, and imparts disease resistance. I am barely touching a long list of attributes here, but you want wood vinegar in your soil (alongside biochar because it adsorbs wood vinegar as well).

The Internal Combustion Engine

Conversion of grazed forage to chemical, then mechanical, and then electrical energy completes the cycle. The ICE (Internal Combustion Engine) converts the gaseous fuel output from the gasifier to mechanical energy, heat, water vapor, and CO2. It’s the mechanical energy of a rotating drive shaft that we want. That rotation drives the electric generator, which is the heartbeat we need to bring this monster to life. Luckily for us, combined internal combustion engine and generator packages are ubiquitous, delivering a defined energy output given a constant fuel input. It’s the simplest part of the system.

The obvious question here is whether the amount of syngas provided by the gasification process will provide enough energy to generate enough electrons to run the entire system or not. While I have no doubt the energy produced will run Forest Walker's main systems the question is really about the electrons left over. Will it be enough to run the Bitcoin mining aspect of the system? Everything is a budget.

CO2 Production For Growth

Plants are lollipops. No matter if it’s a tree or a bush or a shrubbery, the entire thing is mostly sugar in various formats but mostly long chain carbohydrates like lignin and cellulose. Plants need three things to make sugar: CO2, H2O and light. In a forest, where tree densities can be quite high, CO2 availability becomes a limiting growth factor. It’d be in the forest interests to have more available CO2 providing for various sugar formation providing the organism with food and structure.

An odd thing about tree leaves, the openings that allow gasses like the ever searched for CO2 are on the bottom of the leaf (these are called stomata). Not many stomata are topside. This suggests that trees and bushes have evolved to find gasses like CO2 from below, not above and this further suggests CO2 might be in higher concentrations nearer the soil.

The soil life (bacterial, fungi etc.) is constantly producing enormous amounts of CO2 and it would stay in the soil forever (eventually killing the very soil life that produces it) if not for tidal forces. Water is everywhere and whether in pools, lakes, oceans or distributed in “moist” soils water moves towards to the moon. The water in the soil and also in the water tables below the soil rise toward the surface every day. When the water rises, it expels the accumulated gasses in the soil into the atmosphere and it’s mostly CO2. It’s a good bet on how leaves developed high populations of stomata on the underside of leaves. As the water relaxes (the tide goes out) it sucks oxygenated air back into the soil to continue the functions of soil life respiration. The soil “breathes” albeit slowly.

The gasses produced by the Forest Walker’s internal combustion engine consist primarily of CO2 and H2O. Combusting sugars produce the same gasses that are needed to construct the sugars because the universe is funny like that. The Forest Walker is constantly laying down these critical construction elements right where the trees need them: close to the ground to be gobbled up by the trees.

The Branch Drones

During the last ice age, giant mammals populated North America - forests and otherwise. Mastodons, woolly mammoths, rhinos, short-faced bears, steppe bison, caribou, musk ox, giant beavers, camels, gigantic ground-dwelling sloths, glyptodons, and dire wolves were everywhere. Many were ten to fifteen feet tall. As they crashed through forests, they would effectively cleave off dead side-branches of trees, halting the spread of a ground-based fire migrating into the tree crown ("laddering") which is a death knell for a forest.

These animals are all extinct now and forests no longer have any manner of pruning services. But, if we build drones fitted with cutting implements like saws and loppers, optical cameras and AI trained to discern dead branches from living ones, these drones could effectively take over pruning services by identifying, cutting, and dropping to the forest floor, dead branches. The dropped branches simply get collected by the Forest Walker as part of its continual mission.

The drones dock on the back of the Forest Walker to recharge their batteries when low. The whole scene would look like a grazing cow with some flies bothering it. This activity breaks the link between a relatively cool ground based fire and the tree crowns and is a vital element in forest fire control.

The Bitcoin Miner

Mining is one of four monetary incentive models, making this system a possibility for development. The other three are US Dept. of the Interior, township, county, and electrical utility company easement contracts for fuel load management, global carbon credits trading, and data set sales. All the above depends on obvious questions getting answered. I will list some obvious ones, but this is not an engineering document and is not the place for spreadsheets. How much Bitcoin one Forest Walker can mine depends on everything else. What amount of biomass can we process? Will that biomass flow enough Syngas to keep the lights on? Can the chassis support enough mining ASICs and supporting infrastructure? What does that weigh and will it affect field performance? How much power can the AC generator produce?

Other questions that are more philosophical persist. Even if a single Forest Walker can only mine scant amounts of BTC per day, that pales to how much fuel material it can process into biochar. We are talking about millions upon millions of forested acres in need of fuel load management. What can a single Forest Walker do? I am not thinking in singular terms. The Forest Walker must operate as a fleet. What could 50 do? 500?

What is it worth providing a service to the world by managing forest fuel loads? Providing proof of work to the global monetary system? Seeding soil with drought and nutrient resilience by the excretion, over time, of carbon by the ton? What did the last forest fire cost?

The Mesh Network

What could be better than one bitcoin mining, carbon sequestering, forest fire squelching, soil amending behemoth? Thousands of them, but then they would need to be able to talk to each other to coordinate position, data handling, etc. Fitted with a mesh networking device, like goTenna or Meshtastic LoRa equipment enables each Forest Walker to communicate with each other.

Now we have an interconnected fleet of Forest Walkers relaying data to each other and more importantly, aggregating all of that to the last link in the chain for uplink. Well, at least Bitcoin mining data. Since block data is lightweight, transmission of these data via mesh networking in fairly close quartered environs is more than doable. So, how does data transmit to the Bitcoin Network? How do the Forest Walkers get the previous block data necessary to execute on mining?

Back To The Chain

Getting Bitcoin block data to and from the network is the last puzzle piece. The standing presumption here is that wherever a Forest Walker fleet is operating, it is NOT within cell tower range. We further presume that the nearest Walmart Wi-Fi is hours away. Enter the Blockstream Satellite or something like it.

A separate, ground-based drone will have two jobs: To stay as close to the nearest Forest Walker as it can and to provide an antennae for either terrestrial or orbital data uplink. Bitcoin-centric data is transmitted to the "uplink drone" via the mesh networked transmitters and then sent on to the uplink and the whole flow goes in the opposite direction as well; many to one and one to many.

We cannot transmit data to the Blockstream satellite, and it will be up to Blockstream and companies like it to provide uplink capabilities in the future and I don't doubt they will. Starlink you say? What’s stopping that company from filtering out block data? Nothing because it’s Starlink’s system and they could decide to censor these data. It seems we may have a problem sending and receiving Bitcoin data in back country environs.

But, then again, the utility of this system in staunching the fuel load that creates forest fires is extremely useful around forested communities and many have fiber, Wi-Fi and cell towers. These communities could be a welcoming ground zero for first deployments of the Forest Walker system by the home and business owners seeking fire repression. In the best way, Bitcoin subsidizes the safety of the communities.

Sensor Packages

LiDaR

The benefit of having a Forest Walker fleet strolling through the forest is the never ending opportunity for data gathering. A plethora of deployable sensors gathering hyper-accurate data on everything from temperature to topography is yet another revenue generator. Data is valuable and the Forest Walker could generate data sales to various government entities and private concerns.

LiDaR (Light Detection and Ranging) can map topography, perform biomass assessment, comparative soil erosion analysis, etc. It so happens that the Forest Walker’s ability to “see,” to navigate about its surroundings, is LiDaR driven and since it’s already being used, we can get double duty by harvesting that data for later use. By using a laser to send out light pulses and measuring the time it takes for the reflection of those pulses to return, very detailed data sets incrementally build up. Eventually, as enough data about a certain area becomes available, the data becomes useful and valuable.

Forestry concerns, both private and public, often use LiDaR to build 3D models of tree stands to assess the amount of harvest-able lumber in entire sections of forest. Consulting companies offering these services charge anywhere from several hundred to several thousand dollars per square kilometer for such services. A Forest Walker generating such assessments on the fly while performing its other functions is a multi-disciplinary approach to revenue generation.

pH, Soil Moisture, and Cation Exchange Sensing

The Forest Walker is quadrupedal, so there are four contact points to the soil. Why not get a pH data point for every step it takes? We can also gather soil moisture data and cation exchange capacities at unheard of densities because of sampling occurring on the fly during commission of the system’s other duties. No one is going to build a machine to do pH testing of vast tracts of forest soils, but that doesn’t make the data collected from such an endeavor valueless. Since the Forest Walker serves many functions at once, a multitude of data products can add to the return on investment component.

Weather Data

Temperature, humidity, pressure, and even data like evapotranspiration gathered at high densities on broad acre scales have untold value and because the sensors are lightweight and don’t require large power budgets, they come along for the ride at little cost. But, just like the old mantra, “gas, grass, or ass, nobody rides for free”, these sensors provide potential revenue benefits just by them being present.

I’ve touched on just a few data genres here. In fact, the question for universities, governmental bodies, and other institutions becomes, “How much will you pay us to attach your sensor payload to the Forest Walker?”

Noise Suppression

Only you can prevent Metallica filling the surrounds with 120 dB of sound. Easy enough, just turn the car stereo off. But what of a fleet of 50 Forest Walkers operating in the backcountry or near a township? 500? 5000? Each one has a wood chipper, an internal combustion engine, hydraulic pumps, actuators, and more cooling fans than you can shake a stick at. It’s a walking, screaming fire-breathing dragon operating continuously, day and night, twenty-four hours a day, three hundred sixty-five days a year. The sound will negatively affect all living things and that impacts behaviors. Serious engineering consideration and prowess must deliver a silencing blow to the major issue of noise.

It would be foolish to think that a fleet of Forest Walkers could be silent, but if not a major design consideration, then the entire idea is dead on arrival. Townships would not allow them to operate even if they solved the problem of widespread fuel load and neither would governmental entities, and rightly so. Nothing, not man nor beast, would want to be subjected to an eternal, infernal scream even if it were to end within days as the fleet moved further away after consuming what it could. Noise and heat are the only real pollutants of this system; taking noise seriously from the beginning is paramount.

Fire Safety

A “fire-breathing dragon” is not the worst description of the Forest Walker. It eats wood, combusts it at very high temperatures and excretes carbon; and it does so in an extremely flammable environment. Bad mix for one Forest Walker, worse for many. One must take extreme pains to ensure that during normal operation, a Forest Walker could fall over, walk through tinder dry brush, or get pounded into the ground by a meteorite from Krypton and it wouldn’t destroy epic swaths of trees and baby deer. I envision an ultimate test of a prototype to include dowsing it in grain alcohol while it’s wrapped up in toilet paper like a pledge at a fraternity party. If it runs for 72 hours and doesn’t set everything on fire, then maybe outside entities won’t be fearful of something that walks around forests with a constant fire in its belly.

The Wrap

How we think about what can be done with and adjacent to Bitcoin is at least as important as Bitcoin’s economic standing itself. For those who will tell me that this entire idea is without merit, I say, “OK, fine. You can come up with something, too.” What can we plug Bitcoin into that, like a battery, makes something that does not work, work? That’s the lesson I get from this entire exercise. No one was ever going to hire teams of humans to go out and "clean the forest". There's no money in that. The data collection and sales from such an endeavor might provide revenues over the break-even point but investment demands Alpha in this day and age. But, plug Bitcoin into an almost viable system and, voilà! We tip the scales to achieve lift-off.

Let’s face it, we haven’t scratched the surface of Bitcoin’s forcing function on our minds. Not because it’s Bitcoin, but because of what that invention means. The question that pushes me to approach things this way is, “what can we create that one system’s waste is another system’s feedstock?” The Forest Walker system’s only real waste is the conversion of low entropy energy (wood and syngas) into high entropy energy (heat and noise). All other output is beneficial to humanity.

Bitcoin, I believe, is the first product of a new mode of human imagination. An imagination newly forged over the past few millennia of being lied to, stolen from, distracted and otherwise mis-allocated to a black hole of the nonsensical. We are waking up.

What I have presented is not science fiction. Everything I have described here is well within the realm of possibility. The question is one of viability, at least in terms of the detritus of the old world we find ourselves departing from. This system would take a non-trivial amount of time and resources to develop. I think the system would garner extensive long-term contracts from those who have the most to lose from wildfires, the most to gain from hyperaccurate data sets, and, of course, securing the most precious asset in the world. Many may not see it that way, for they seek Alpha and are therefore blind to other possibilities. Others will see only the possibilities; of thinking in a new way, of looking at things differently, and dreaming of what comes next.

@ 06639a38:655f8f71

Nostr-PHP

Djuri submitted quite some pull requests in the last couple of week while he was implementing a Nostr connect / login on https://satsback.com. The backend of that platform is written in PHP so the Nostr-PHP library is used for several purposes while Djuri also developed quite some new features utilizing the following NIPs:

• NIP-04
• NIP-05
• NIP-17
• NIP-44

Thank you very much Djuri for these contributions. We now can do the basic private stuff with the library. 

PR for NIP-04 and NIP-44: https://github.com/nostrver-se/nostr-php/pull/84 and https://github.com/nostrver-se/nostr-php/pull/88 
Examples:

• https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip04-encrypted-messages.php
• https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip44-gift-wrapping.php

PR for NIP-05: https://github.com/nostrver-se/nostr-php/pull/89 
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip05-lookup.php 

PR for NIP-17: https://github.com/nostrver-se/nostr-php/pull/90 
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip17-private-direct-messages.php 

PR for adding more metadata profile fields: https://github.com/nostrver-se/nostr-php/pull/94
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/fetch-profile-metadata.php 

Fetch 10050 event (dm relay list) of an given pubkey
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/fetch-dm-relayslist.php 

The CLI tool is removed from the library, see PR https://github.com/nostrver-se/nostr-php/pull/93 

Nostr-PHP documentation

While new NIPs are implemented in the Nostr-PHP library, I'm trying to keep up with the documentation at https://nostr-php.dev. For now, things are still much work in progress and I've added the AI agent Goose using the Claude LLM to bootstrap new documentation pages. Currently I'm working on documentation for

• How to direct messages with NIP-04 and NIP-17
• Encrypted payloads for event content NIP-44
• Fetch profiledata of a given pubkey
• Lookup NIP-05 data of given pubkey
• Using the NIP-19 helper class

CCNS.news

I've moved CCNS to a new domain https://ccns.news and have partly implemented the new NIP-B0 for web bookmarks. When you post a bookmark there, a kind 39701 event is transmitted to some Nostr relays (take a look at this event for example). Optionally you can also publish this content as a note to the network.

As you can see at https://ccns.news/l/censorship-resistant-publishing-and-archiving, I've listed some todo's. All this stuff is done with Javascript using the NDK Typescript library (so I'm not using any PHP stuff for this with Nostr-PHP).

Also new: https://ccns.news/global now has a global feed which fetches all the web bookmark events with kind 39701 from several public Nostr relays. I had a rough idea to compare feeds generated with NDK and Nostr-PHP (for both using the same set of relays).

Building a njump clone for this Drupal website

You can now use this URL pattern to fetch Nostr events: https://nostrver.se/e/{event_id|nevent1|note1|addr1} where you can provide a plain Nostr event ID or NIP-19 encoded identifier. 

An example, this URL https://nostrver.se/e/nevent1qvzqqqqqqypzqmjxss3dld622uu8q25gywum9qtg4w4cv4064jmg20xsac2aam5nqqsqm2lz4ru6wlydzpulgs8m60ylp4vufwsg55whlqgua6a93vp2y4g3uu9lr fetches the data from one or more relays. This data is then being saved as a (Drupal) node entity (in a database on the server where this website is hosted, which is located in my office fyi). With this saved node, this data is now also available at https://nostrver.se/e/0dabe2a8f9a77c8d1079f440fbd3c9f0d59c4ba08a51d7f811ceeba58b02a255/1 where the (cached) data is server from the database instead. It's just raw data for now, nothing special about it. One of my next steps is to style this in a more prettier interface and I will need to switch the theme of this website to a custom theme. A custom theme where I will be using TailwindCSS v4 and DaisyUI v5. 

The module which is providing these Nostr features is FOSS and uses the Nostr-PHP library for doing the following:

• Request the event from one or more relays
• Decode the provided NIP-19 identifier

For now this module is way for me to utilize the Nostr-PHP library with Drupal for fetching events. This can be automated so in theory I could index all the Nostr events. But this is not my ambition as it would require quite some hardware resources to accomplish this. 
I hope I can find the time to build up a new theme first for this website, so I can start styling the data for the fetched events. On this website, there is also a small piece (powered by another module) you can find at https://nostrver.se/nostrides doing things with this NIP-113 around activity events (in my case that's cycling what interests me).

What's next

I'm already working on the following stuff:

• Implement a class to setup a persistent connection to a relay for requesting events continuously
• Extend the documentation with the recent added features

Other todo stuff:

• Review NIP-13 proof-of-work PR from Djuri
• Implement a NIP-65 lookup for fetching read and write relays for a given npub issue #91
• Build a proof-of-concept with revolt/event-loop to request events asynchronous with persistent relay connections
• Add comments to https://ccns.news

@ e3ba5e1a:5e433365

My blog posts and reading material have both been on a decidedly economics-heavy slant recently. The topic today, incentives, squarely falls into the category of economics. However, when I say economics, I’m not talking about “analyzing supply and demand curves.” I’m talking about the true basis of economics: understanding how human beings make decisions in a world of scarcity.

A fair definition of incentive is “a reward or punishment that motivates behavior to achieve a desired outcome.” When most people think about economic incentives, they’re thinking of money. If I offer my son $5 if he washes the dishes, I’m incentivizing certain behavior. We can’t guarantee that he’ll do what I want him to do, but we can agree that the incentive structure itself will guide and ultimately determine what outcome will occur.

The great thing about monetary incentives is how easy they are to talk about and compare. “Would I rather make $5 washing the dishes or $10 cleaning the gutters?” But much of the world is incentivized in non-monetary ways too. For example, using the “punishment” half of the definition above, I might threaten my son with losing Nintendo Switch access if he doesn’t wash the dishes. No money is involved, but I’m still incentivizing behavior.

And there are plenty of incentives beyond our direct control! My son is also incentivized to not wash dishes because it’s boring, or because he has some friends over that he wants to hang out with, or dozens of other things. Ultimately, the conflicting array of different incentive structures placed on him will ultimately determine what actions he chooses to take.

Why incentives matter

A phrase I see often in discussions—whether they are political, parenting, economic, or business—is “if they could just do…” Each time I see that phrase, I cringe a bit internally. Usually, the underlying assumption of the statement is “if people would behave contrary to their incentivized behavior then things would be better.” For example:

• If my kids would just go to bed when I tell them, they wouldn’t be so cranky in the morning.
• If people would just use the recycling bin, we wouldn’t have such a landfill problem.
• If people would just stop being lazy, our team would deliver our project on time.

In all these cases, the speakers are seemingly flummoxed as to why the people in question don’t behave more rationally. The problem is: each group is behaving perfectly rationally.

• The kids have a high time preference, and care more about the joy of staying up now than the crankiness in the morning. Plus, they don’t really suffer the consequences of morning crankiness, their parents do.
• No individual suffers much from their individual contribution to a landfill. If they stopped growing the size of the landfill, it would make an insignificant difference versus the amount of effort they need to engage in to properly recycle.
• If a team doesn’t properly account for the productivity of individuals on a project, each individual receives less harm from their own inaction. Sure, the project may be delayed, company revenue may be down, and they may even risk losing their job when the company goes out of business. But their laziness individually won’t determine the entirety of that outcome. By contrast, they greatly benefit from being lazy by getting to relax at work, go on social media, read a book, or do whatever else they do when they’re supposed to be working.

My point here is that, as long as you ignore the reality of how incentives drive human behavior, you’ll fail at getting the outcomes you want.

If everything I wrote up until now made perfect sense, you understand the premise of this blog post. The rest of it will focus on a bunch of real-world examples to hammer home the point, and demonstrate how versatile this mental model is.

Running a company

Let’s say I run my own company, with myself as the only employee. My personal revenue will be 100% determined by my own actions. If I decide to take Tuesday afternoon off and go fishing, I’ve chosen to lose that afternoon’s revenue. Implicitly, I’ve decided that the enjoyment I get from an afternoon of fishing is greater than the potential revenue. You may think I’m being lazy, but it’s my decision to make. In this situation, the incentive–money–is perfectly aligned with my actions.

Compare this to a typical company/employee relationship. I might have a bank of Paid Time Off (PTO) days, in which case once again my incentives are relatively aligned. I know that I can take off 15 days throughout the year, and I’ve chosen to use half a day for the fishing trip. All is still good.

What about unlimited time off? Suddenly incentives are starting to misalign. I don’t directly pay a price for not showing up to work on Tuesday. Or Wednesday as well, for that matter. I might ultimately be fired for not doing my job, but that will take longer to work its way through the system than simply not making any money for the day taken off.

Compensation overall falls into this misaligned incentive structure. Let’s forget about taking time off. Instead, I work full time on a software project I’m assigned. But instead of using the normal toolchain we’re all used to at work, I play around with a new programming language. I get the fun and joy of playing with new technology, and potentially get to pad my resume a bit when I’m ready to look for a new job. But my current company gets slower results, less productivity, and is forced to subsidize my extracurricular learning.

When a CEO has a bonus structure based on profitability, he’ll do everything he can to make the company profitable. This might include things that actually benefit the company, like improving product quality, reducing internal red tape, or finding cheaper vendors. But it might also include destructive practices, like slashing the R\&D budget to show massive profits this year, in exchange for a catastrophe next year when the next version of the product fails to ship.

Or my favorite example. My parents owned a business when I was growing up. They had a back office where they ran operations like accounting. All of the furniture was old couches from our house. After all, any money they spent on furniture came right out of their paychecks! But in a large corporate environment, each department is generally given a budget for office furniture, a budget which doesn’t roll over year-to-year. The result? Executives make sure to spend the entire budget each year, often buying furniture far more expensive than they would choose if it was their own money.

There are plenty of details you can quibble with above. It’s in a company’s best interest to give people downtime so that they can come back recharged. Having good ergonomic furniture can in fact increase productivity in excess of the money spent on it. But overall, the picture is pretty clear: in large corporate structures, you’re guaranteed to have mismatches between the company’s goals and the incentive structure placed on individuals.

Using our model from above, we can lament how lazy, greedy, and unethical the employees are for doing what they’re incentivized to do instead of what’s right. But that’s simply ignoring the reality of human nature.

Moral hazard

Moral hazard is a situation where one party is incentivized to take on more risk because another party will bear the consequences. Suppose I tell my son when he turns 21 (or whatever legal gambling age is) that I’ll cover all his losses for a day at the casino, but he gets to keep all the winnings.

What do you think he’s going to do? The most logical course of action is to place the largest possible bets for as long as possible, asking me to cover each time he loses, and taking money off the table and into his bank account each time he wins.

But let’s look at a slightly more nuanced example. I go to a bathroom in the mall. As I’m leaving, I wash my hands. It will take me an extra 1 second to turn off the water when I’m done washing. That’s a trivial price to pay. If I don’t turn off the water, the mall will have to pay for many liters of wasted water, benefiting no one. But I won’t suffer any consequences at all.

This is also a moral hazard, but most people will still turn off the water. Why? Usually due to some combination of other reasons such as:

1. We’re so habituated to turning off the water that we don’t even consider not turning it off. Put differently, the mental effort needed to not turn off the water is more expensive than the 1 second of time to turn it off.
2. Many of us have been brought up with a deep guilt about wasting resources like water. We have an internal incentive structure that makes the 1 second to turn off the water much less costly than the mental anguish of the waste we created.
3. We’re afraid we’ll be caught by someone else and face some kind of social repercussions. (Or maybe more than social. Are you sure there isn’t a law against leaving the water tap on?)

Even with all that in place, you may notice that many public bathrooms use automatic water dispensers. Sure, there’s a sanitation reason for that, but it’s also to avoid this moral hazard.

A common denominator in both of these is that the person taking the action that causes the liability (either the gambling or leaving the water on) is not the person who bears the responsibility for that liability (the father or the mall owner). Generally speaking, the closer together the person making the decision and the person incurring the liability are, the smaller the moral hazard.

It’s easy to demonstrate that by extending the casino example a bit. I said it was the father who was covering the losses of the gambler. Many children (though not all) would want to avoid totally bankrupting their parents, or at least financially hurting them. Instead, imagine that someone from the IRS shows up at your door, hands you a credit card, and tells you you can use it at a casino all day, taking home all the chips you want. The money is coming from the government. How many people would put any restriction on how much they spend?

And since we’re talking about the government already…

Government moral hazards

As I was preparing to write this blog post, the California wildfires hit. The discussions around those wildfires gave a huge number of examples of moral hazards. I decided to cherry-pick a few for this post.

The first and most obvious one: California is asking for disaster relief funds from the federal government. That sounds wonderful. These fires were a natural disaster, so why shouldn’t the federal government pitch in and help take care of people?

The problem is, once again, a moral hazard. In the case of the wildfires, California and Los Angeles both had ample actions they could have taken to mitigate the destruction of this fire: better forest management, larger fire department, keeping the water reservoirs filled, and probably much more that hasn’t come to light yet.

If the federal government bails out California, it will be a clear message for the future: your mistakes will be fixed by others. You know what kind of behavior that incentivizes? More risky behavior! Why spend state funds on forest management and extra firefighters—activities that don’t win politicians a lot of votes in general—when you could instead spend it on a football stadium, higher unemployment payments, or anything else, and then let the feds cover the cost of screw-ups.

You may notice that this is virtually identical to the 2008 “too big to fail” bail-outs. Wall Street took insanely risky behavior, reaped huge profits for years, and when they eventually got caught with their pants down, the rest of us bailed them out. “Privatizing profits, socializing losses.”

And here’s the absolute best part of this: I can’t even truly blame either California or Wall Street. (I mean, I do blame them, I think their behavior is reprehensible, but you’ll see what I mean.) In a world where the rules of the game implicitly include the bail-out mentality, you would be harming your citizens/shareholders/investors if you didn’t engage in that risky behavior. Since everyone is on the hook for those socialized losses, your best bet is to maximize those privatized profits.

There’s a lot more to government and moral hazard, but I think these two cases demonstrate the crux pretty solidly. But let’s leave moral hazard behind for a bit and get to general incentivization discussions.

Non-monetary competition

At least 50% of the economics knowledge I have comes from the very first econ course I took in college. That professor was amazing, and had some very colorful stories. I can’t vouch for the veracity of the two I’m about to share, but they definitely drive the point home.

In the 1970s, the US had an oil shortage. To “fix” this problem, they instituted price caps on gasoline, which of course resulted in insufficient gasoline. To “fix” this problem, they instituted policies where, depending on your license plate number, you could only fill up gas on certain days of the week. (Irrelevant detail for our point here, but this just resulted in people filling up their tanks more often, no reduction in gas usage.)

Anyway, my professor’s wife had a friend. My professor described in great detail how attractive this woman was. I’ll skip those details here since this is a PG-rated blog. In any event, she never had any trouble filling up her gas tank any day of the week. She would drive up, be told she couldn’t fill up gas today, bat her eyes at the attendant, explain how helpless she was, and was always allowed to fill up gas.

This is a demonstration of non-monetary compensation. Most of the time in a free market, capitalist economy, people are compensated through money. When price caps come into play, there’s a limit to how much monetary compensation someone can receive. And in that case, people find other ways of competing. Like this woman’s case: through using flirtatious behavior to compensate the gas station workers to let her cheat the rules.

The other example was much more insidious. Santa Monica had a problem: it was predominantly wealthy and white. They wanted to fix this problem, and decided to put in place rent controls. After some time, they discovered that Santa Monica had become wealthier and whiter, the exact opposite of their desired outcome. Why would that happen?

Someone investigated, and ended up interviewing a landlady that demonstrated the reason. She was an older white woman, and admittedly racist. Prior to the rent controls, she would list her apartments in the newspaper, and would be legally obligated to rent to anyone who could afford it. Once rent controls were in place, she took a different tact. She knew that she would only get a certain amount for the apartment, and that the demand for apartments was higher than the supply. That meant she could be picky.

She ended up finding tenants through friends-of-friends. Since it wasn’t an official advertisement, she wasn’t legally required to rent it out if someone could afford to pay. Instead, she got to interview people individually and then make them an offer. Normally, that would have resulted in receiving a lower rental price, but not under rent controls.

So who did she choose? A young, unmarried, wealthy, white woman. It made perfect sense. Women were less intimidating and more likely to maintain the apartment better. Wealthy people, she determined, would be better tenants. (I have no idea if this is true in practice or not, I’m not a landlord myself.) Unmarried, because no kids running around meant less damage to the property. And, of course, white. Because she was racist, and her incentive structure made her prefer whites.

You can deride her for being racist, I won’t disagree with you. But it’s simply the reality. Under the non-rent-control scenario, her profit motive for money outweighed her racism motive. But under rent control, the monetary competition was removed, and she was free to play into her racist tendencies without facing any negative consequences.

Bureaucracy

These were the two examples I remember for that course. But non-monetary compensation pops up in many more places. One highly pertinent example is bureaucracies. Imagine you have a government office, or a large corporation’s acquisition department, or the team that apportions grants at a university. In all these cases, you have a group of people making decisions about handing out money that has no monetary impact on them. If they give to the best qualified recipients, they receive no raises. If they spend the money recklessly on frivolous projects, they face no consequences.

Under such an incentivization scheme, there’s little to encourage the bureaucrats to make intelligent funding decisions. Instead, they’ll be incentivized to spend the money where they recognize non-monetary benefits. This is why it’s so common to hear about expensive meals, gift bags at conferences, and even more inappropriate ways of trying to curry favor with those that hold the purse strings.

Compare that ever so briefly with the purchases made by a small mom-and-pop store like my parents owned. Could my dad take a bribe to buy from a vendor who’s ripping him off? Absolutely he could! But he’d lose more on the deal than he’d make on the bribe, since he’s directly incentivized by the deal itself. It would make much more sense for him to go with the better vendor, save $5,000 on the deal, and then treat himself to a lavish $400 meal to celebrate.

Government incentivized behavior

This post is getting longer in the tooth than I’d intended, so I’ll finish off with this section and make it a bit briefer. Beyond all the methods mentioned above, government has another mechanism for modifying behavior: through directly changing incentives via legislation, regulation, and monetary policy. Let’s see some examples:

• Artificial modification of interest rates encourages people to take on more debt than they would in a free capital market, leading to malinvestment and a consumer debt crisis, and causing the boom-bust cycle we all painfully experience.
• Going along with that, giving tax breaks on interest payments further artificially incentivizes people to take on debt that they wouldn’t otherwise.
• During COVID-19, at some points unemployment benefits were greater than minimum wage, incentivizing people to rather stay home and not work than get a job, leading to reduced overall productivity in the economy and more printed dollars for benefits. In other words, it was a perfect recipe for inflation.
• The tax code gives deductions to “help” people. That might be true, but the real impact is incentivizing people to make decisions they wouldn’t have otherwise. For example, giving out tax deductions on children encourages having more kids. Tax deductions on childcare and preschools incentivizes dual-income households. Whether or not you like the outcomes, it’s clear that it’s government that’s encouraging these outcomes to happen.
• Tax incentives cause people to engage in behavior they wouldn’t otherwise (daycare+working mother, for example).
• Inflation means that the value of your money goes down over time, which encourages people to spend more today, when their money has a larger impact. (Milton Friedman described this as high living.)

Conclusion

The idea here is simple, and fully encapsulated in the title: incentives determine outcomes. If you want to know how to get a certain outcome from others, incentivize them to want that to happen. If you want to understand why people act in seemingly irrational ways, check their incentives. If you’re confused why leaders (and especially politicians) seem to engage in destructive behavior, check their incentives.

We can bemoan these realities all we want, but they are realities. While there are some people who have a solid internal moral and ethical code, and that internal code incentivizes them to behave against their externally-incentivized interests, those people are rare. And frankly, those people are self-defeating. People should take advantage of the incentives around them. Because if they don’t, someone else will.

(If you want a literary example of that last comment, see the horse in Animal Farm.)

How do we improve the world under these conditions? Make sure the incentives align well with the overall goals of society. To me, it’s a simple formula:

• Focus on free trade, value for value, as the basis of a society. In that system, people are always incentivized to provide value to other people.
• Reduce the size of bureaucracies and large groups of all kinds. The larger an organization becomes, the farther the consequences of decisions are from those who make them.
• And since the nature of human beings will be to try and create areas where they can control the incentive systems to their own benefits, make that as difficult as possible. That comes in the form of strict limits on government power, for example.

And even if you don’t want to buy in to this conclusion, I hope the rest of the content was educational, and maybe a bit entertaining!

@ 9bcc5462:eb501d90

Cuneiform is mankind’s first writing system created by the ancient Sumerians of Mesopotamia, what is now Iraq. (The word “Sumer” means land of civilized kings). Despite being developed 5,000 years ago, its parallels to Notes and Other Stuff Transmitted by Relays will blow your mind! The most striking is how both breakthroughs materialized from the fundamental need to track value exchange–from primal grain tallies to now exchanging bitcoin.

Let’s begin with the fact that the styluses used by these archaic scribes were crafted from reed plants. Their stems were strong because of attachment points called nodes! These were the resilient, ring-like parts of the stem that joined it together with the rest of the plant. Similarly, although symbolically, lightning nodes are powerful on nostr since they allow us to zap each other with sats. An approach stemming from the need to modernize how we interact on social media, trade in networks and conduct business—It’s not surprising cuneiform came about as a way for merchants and farmers to track economic transactions and agricultural inventories!

Another parallel involves how both share everlasting marks. The Sumerians used their styluses to press wedge-like symbols onto wet tablets. They then would bake them in the sun, leaving a permanent record of the documentation. If an error was made, it could not be changed. Likewise, on nostr there is no delete function. Once you publish a note, including any typos, it is preserved for history.

Lastly, the proto-writing that emerged in Mesopotamia which led to Cuneiform was in the form of bullae (bulla: singular). These were spherical clay envelopes encased with tokens representing a transaction. They were sealed with unique markings representing the parties involved for authentication. In other words, cuneiform cylinder seals were effectively early public key cryptography! The seal itself being the private key and its impression being the public key. Just as us nostriches use our nsec to sign our notes with integrity and verify value-for-value with our npub.

               *Rare bulla seal (shout out to Conny Waters from ancientpages.com)*

                               *Sumerian cuneiform tablet (source: britannica.com)*

At the end of the day, maybe we’re not so different from our ancestors after all. The evolution of our writing technology over the course of our history is more than innovation born of necessity. Across millennia, 3025 BCE to 2025 AD, it's man telling the universe– we will be remembered– beyond space and time. As our ancestors stacked their clay tablets, we’ll stack our sats! Onward nostr! The new land of civilized kings.

        *Mankind's Innovations in Writing Technology by Learning Producers, Inc.*

@ 3f770d65:7a745b24

Here are my predictions for Nostr in 2025:

Decentralization: The outbox and inbox communication models, sometimes referred to as the Gossip model, will become the standard across the ecosystem. By the end of 2025, all major clients will support these models, providing seamless communication and enhanced decentralization. Clients that do not adopt outbox/inbox by then will be regarded as outdated or legacy systems.

Privacy Standards: Major clients such as Damus and Primal will move away from NIP-04 DMs, adopting more secure protocol possibilities like NIP-17 or NIP-104. These upgrades will ensure enhanced encryption and metadata protection. Additionally, NIP-104 MLS tools will drive the development of new clients and features, providing users with unprecedented control over the privacy of their communications.

Interoperability: Nostr's ecosystem will become even more interconnected. Platforms like the Olas image-sharing service will expand into prominent clients such as Primal, Damus, Coracle, and Snort, alongside existing integrations with Amethyst, Nostur, and Nostrudel. Similarly, audio and video tools like Nostr Nests and Zap.stream will gain seamless integration into major clients, enabling easy participation in live events across the ecosystem.

Adoption and Migration: Inspired by early pioneers like Fountain and Orange Pill App, more platforms will adopt Nostr for authentication, login, and social systems. In 2025, a significant migration from a high-profile application platform with hundreds of thousands of users will transpire, doubling Nostr’s daily activity and establishing it as a cornerstone of decentralized technologies.

@ 7460b7fd:4fc4e74b

如果比特币发明了真正的钱，那么 Crypto 是什么？

引言

比特币诞生之初就以“数字黄金”姿态示人，被支持者誉为人类历史上第一次发明了真正意义上的钱——一种不依赖国家信用、总量恒定且不可篡改的硬通货。然而十多年过去，比特币之后蓬勃而起的加密世界（Crypto）已经远超“货币”范畴：从智能合约平台到去中心组织，从去央行的稳定币到戏谑荒诞的迷因币，Crypto 演化出一个丰富而混沌的新生态。这不禁引发一个根本性的追问：如果说比特币解决了“真金白银”的问题，那么 Crypto 又完成了什么发明？

Crypto 与政治的碰撞：随着Crypto版图扩张，全球政治势力也被裹挟进这场金融变革洪流（示意图）。比特币的出现重塑了货币信用，但Crypto所引发的却是一场更深刻的政治与治理结构实验。从华尔街到华盛顿，从散户论坛到主权国家，越来越多人意识到：Crypto不只是技术或金融现象，而是一种全新的政治表达结构正在萌芽。正如有激进论者所断言的：“比特币发明了真正的钱，而Crypto则在发明新的政治。”价格K线与流动性曲线，或许正成为这个时代社群意志和社会价值观的新型投射。

冲突结构：当价格挑战选票

传统政治中，选票是人民意志的载体，一人一票勾勒出民主治理的正统路径。而在链上的加密世界里，骤升骤降的价格曲线和真金白银的买卖行为却扮演起了选票的角色：资金流向成了民意走向，市场多空成为立场表决。价格行为取代选票，这听来匪夷所思，却已在Crypto社群中成为日常现实。每一次代币的抛售与追高，都是社区对项目决策的即时“投票”；每一根K线的涨跌，都折射出社区意志的赞同或抗议。市场行为本身承担了决策权与象征权——价格即政治，正在链上蔓延。

这一新生政治形式与旧世界的民主机制形成了鲜明冲突。bitcoin.org中本聪在比特币白皮书中提出“一CPU一票”的工作量证明共识，用算力投票取代了人为决策bitcoin.org。而今，Crypto更进一步，用资本市场的涨跌来取代传统政治的选举。支持某项目？直接购入其代币推高市值；反对某提案？用脚投票抛售资产。相比漫长的选举周期和层层代议制，链上市场提供了近乎实时的“公投”机制。但这种机制也引发巨大争议：资本的投票天然偏向持币多者（富者）的意志，是否意味着加密政治更为金权而非民权？持币多寡成为影响力大小，仿佛选举演变成了“一币一票”，巨鲸富豪俨然掌握更多话语权。这种与民主平等原则的冲突，成为Crypto政治形式饱受质疑的核心张力之一。

尽管如此，我们已经目睹市场投票在Crypto世界塑造秩序的威力：2016年以太坊因DAO事件分叉时，社区以真金白银“投票”决定了哪条链获得未来。arkhamintelligence.com结果是新链以太坊（ETH）成为主流，其市值一度超过2,800亿美元，而坚持原则的以太经典（ETC）市值不足35亿美元，不及前者的八十分之一arkhamintelligence.com。市场选择清楚地昭示了社区的政治意志。同样地，在比特币扩容之争、各类硬分叉博弈中，无不是由投资者和矿工用资金与算力投票，胜者存续败者黯然。价格成为裁决纷争的最终选票，冲击着传统“选票决胜”的政治理念。Crypto的价格民主，与现代代议民主正面相撞，激起当代政治哲思中前所未有的冲突火花。

治理与分配

XRP对决SEC成为了加密世界“治理与分配”冲突的经典战例。2020年底，美国证券交易委员会（SEC）突然起诉Ripple公司，指控其发行的XRP代币属于未注册证券，消息一出直接引爆市场恐慌。XRP价格应声暴跌，一度跌去超过60%，最低触及0.21美元coindesk.com。曾经位居市值前三的XRP险些被打入谷底，监管的强硬姿态似乎要将这个项目彻底扼杀。

然而XRP社区没有选择沉默。 大批长期持有者组成了自称“XRP军团”（XRP Army）的草根力量，在社交媒体上高调声援Ripple，对抗监管威胁。面对SEC的指控，他们集体发声，质疑政府选择性执法，声称以太坊当年发行却“逍遥法外”，只有Ripple遭到不公对待coindesk.com。正如《福布斯》的评论所言：没人预料到愤怒的加密散户投资者会掀起法律、政治和社交媒体领域的‘海啸式’反击，痛斥监管机构背弃了保护投资者的承诺crypto-law.us。这种草根抵抗监管的话语体系迅速形成：XRP持有者不但在网上掀起舆论风暴，还采取实际行动向SEC施压。他们发起了请愿，抨击SEC背离保护投资者初衷、诉讼给个人投资者带来巨大伤害，号召停止对Ripple的上诉纠缠——号称这是在捍卫全球加密用户的共同利益bitget.com。一场由民间主导的反监管运动就此拉开帷幕。

Ripple公司则选择背水一战，拒绝和解，在法庭上与SEC针锋相对地鏖战了近三年之久。Ripple坚称XRP并非证券，不应受到SEC管辖，即使面临沉重法律费用和业务压力也不妥协。2023年，这场持久战迎来了标志性转折：美国法庭作出初步裁决，认定XRP在二级市场的流通不构成证券coindesk.com。这一胜利犹如给沉寂已久的XRP注入强心针——消息公布当天XRP价格飙涨近一倍，盘中一度逼近1美元大关coindesk.com。沉重监管阴影下苟延残喘的项目，凭借司法层面的突破瞬间重获生机。这不仅是Ripple的胜利，更被支持者视为整个加密行业对SEC强权的一次胜仗。

XRP的对抗路线与某些“主动合规”的项目形成了鲜明对比。 稳定币USDC的发行方Circle、美国最大合规交易所Coinbase等选择了一条迎合监管的道路：它们高调拥抱现行法规，希望以合作换取生存空间。然而现实却给了它们沉重一击。USDC稳定币在监管风波中一度失去美元锚定，哪怕Circle及时披露储备状况也无法阻止恐慌蔓延，大批用户迅速失去信心，短时间内出现数十亿美元的赎回潮blockworks.co。Coinbase则更为直接：即便它早已注册上市、反复向监管示好，2023年仍被SEC指控为未注册证券交易所reuters.com，卷入漫长诉讼漩涡。可见，在迎合监管的策略下，这些机构非但未能换来监管青睐，反而因官司缠身或用户流失而丧失市场信任。 相比之下，XRP以对抗求生存的路线反而赢得了投资者的眼光：价格的涨跌成为社区投票的方式，抗争的勇气反过来强化了市场对它的信心。

同样引人深思的是另一种迥异的治理路径：技术至上的链上治理。 以MakerDAO为代表的去中心化治理模式曾被寄予厚望——MKR持币者投票决策、算法维持稳定币Dai的价值，被视为“代码即法律”的典范。然而，这套纯技术治理在市场层面却未能形成广泛认同，亦无法激发群体性的情绪动员。复杂晦涩的机制使得普通投资者难以参与其中，MakerDAO的治理讨论更多停留在极客圈子内部，在社会大众的政治对话中几乎听不见它的声音。相比XRP对抗监管所激发的铺天盖地关注，MakerDAO的治理实验显得默默无闻、难以“出圈”。这也说明，如果一种治理实践无法连接更广泛的利益诉求和情感共鸣，它在社会政治层面就难以形成影响力。

XRP之争的政治象征意义由此凸显： 它展示了一条“以市场对抗国家”的斗争路线，即通过代币价格的集体行动来回应监管权力的施压。在这场轰动业界的对决中，价格即是抗议的旗帜，涨跌映射着政治立场。XRP对SEC的胜利被视作加密世界向旧有权力宣告的一次胜利：资本市场的投票器可以撼动监管者的强权。这种“价格即政治”的张力，正是Crypto世界前所未有的社会实验：去中心化社区以市场行为直接对抗国家权力，在无形的价格曲线中凝聚起政治抗争的力量，向世人昭示加密货币不仅有技术和资本属性，更蕴含着不可小觑的社会能量和政治意涵。

不可归零的政治资本

Meme 币的本质并非廉价或易造，而在于其构建了一种“无法归零”的社群生存结构。 对于传统观点而言，多数 meme 币只是短命的投机游戏：价格暴涨暴跌后一地鸡毛，创始人套现跑路，投资者血本无归，然后“大家转去炒下一个”theguardian.com。然而，meme 币社群的独特之处在于——失败并不意味着终结，而更像是运动的逗号而非句号。一次币值崩盘后，持币的草根们往往并未散去；相反，他们汲取教训，准备东山再起。这种近乎“不死鸟”的循环，使得 meme 币运动呈现出一种数字政治循环的特质：价格可以归零，但社群的政治热情和组织势能不归零。正如研究者所指出的，加密领域中的骗局、崩盘等冲击并不会摧毁生态，反而成为让系统更加强韧的“健康应激”，令整个行业在动荡中变得更加反脆弱cointelegraph.com。对应到 meme 币，每一次暴跌和重挫，都是社群自我进化、卷土重来的契机。这个去中心化群体打造出一种自组织的安全垫，失败者得以在瓦砾上重建家园。对于草根社群、少数派乃至体制的“失败者”而言，meme 币提供了一个永不落幕的抗争舞台，一种真正反脆弱的政治性。正因如此，我们看到诸多曾被嘲笑的迷因项目屡败屡战：例如 Dogecoin 自2013年问世后历经八年沉浮，早已超越玩笑属性，成为互联网史上最具韧性的迷因之一frontiersin.org；支撑 Dogecoin 的正是背后强大的迷因文化和社区意志，它如同美国霸权支撑美元一样，为狗狗币提供了“永不中断”的生命力frontiersin.org。

“复活权”的数字政治意涵

这种“失败-重生”的循环结构蕴含着深刻的政治意涵：在传统政治和商业领域，一个政党选举失利或一家公司破产往往意味着清零出局，资源散尽、组织瓦解。然而在 meme 币的世界，社群拥有了一种前所未有的“复活权”。当项目崩盘，社区并不必然随之消亡，而是可以凭借剩余的人心和热情卷土重来——哪怕换一个 token 名称，哪怕重启一条链，运动依然延续。正如 Cheems 项目的核心开发者所言，在几乎无人问津、技术受阻的困境下，大多数人可能早已卷款走人，但 “CHEEMS 社区没有放弃，背景、技术、风投都不重要，重要的是永不言弃的精神”cointelegraph.com。这种精神使得Cheems项目起死回生，社区成员齐声宣告“我们都是 CHEEMS”，共同书写历史cointelegraph.com。与传统依赖风投和公司输血的项目不同，Cheems 完全依靠社区的信念与韧性存续发展，体现了去中心化运动的真谛cointelegraph.com。这意味着政治参与的门槛被大大降低：哪怕没有金主和官方背书，草根也能凭借群体意志赋予某个代币新的生命。对于身处社会边缘的群体来说，meme 币俨然成为自组织的安全垫和重新集结的工具。难怪有学者指出，近期涌入meme币浪潮的主力，正是那些对现实失望但渴望改变命运的年轻人theguardian.com——“迷茫的年轻人，想要一夜暴富”theguardian.com。meme币的炒作表面上看是投机赌博，但背后蕴含的是草根对既有金融秩序的不满与反抗：没有监管和护栏又如何？一次失败算不得什么，社区自有后路和新方案。这种由底层群众不断试错、纠错并重启的过程，本身就是一种数字时代的新型反抗运动和群众动员机制。

举例而言，Terra Luna 的沉浮充分展现了这种“复活机制”的政治力量。作为一度由风投资本热捧的项目，Luna 币在2022年的崩溃本可被视作“归零”的失败典范——稳定币UST瞬间失锚，Luna币价归零，数十亿美元灰飞烟灭。然而**“崩盘”并没有画下休止符**。Luna的残余社区拒绝承认失败命运，通过链上治理投票毅然启动新链，“复活”了 Luna 代币，再次回到市场交易reuters.com。正如 Terra 官方在崩盘后发布的推文所宣称：“我们力量永在社区，今日的决定正彰显了我们的韧性”reuters.com。事实上，原链更名为 Luna Classic 后，大批所谓“LUNC 军团”的散户依然死守阵地，誓言不离不弃；他们自发烧毁巨量代币以缩减供应、推动技术升级，试图让这个一度归零的项目重新燃起生命之火binance.com。失败者并未散场，而是化作一股草根洪流，奋力托举起项目的残迹。经过迷因化的叙事重塑，这场从废墟中重建价值的壮举，成为加密世界中草根政治的经典一幕。类似的案例不胜枚举：曾经被视为笑话的 DOGE（狗狗币）正因多年社群的凝聚而跻身主流币种，总市值一度高达数百亿美元，充分证明了“民有民享”的迷因货币同样可以笑傲市场frontiersin.org。再看最新的美国政治舞台，连总统特朗普也推出了自己的 meme 币 $TRUMP，号召粉丝拿真金白银来表达支持。该币首日即从7美元暴涨至75美元，两天后虽回落到40美元左右，但几乎同时，第一夫人 Melania 又发布了自己的 $Melania 币，甚至连就职典礼的牧师都跟风发行了纪念币theguardian.com！显然，对于狂热的群众来说，一个币的沉浮并非终点，而更像是运动的换挡——资本市场成为政治参与的新前线，你方唱罢我登场，meme 币的群众动员热度丝毫不减。值得注意的是，2024年出现的 Pump.fun 等平台更是进一步降低了这一循环的技术门槛，任何人都可以一键生成自己的 meme 币theguardian.com。这意味着哪怕某个项目归零，剩余的社区完全可以借助此类工具迅速复制一个新币接力，延续集体行动的火种。可以说，在 meme 币的世界里，草根社群获得了前所未有的再生能力和主动权，这正是一种数字时代的群众政治奇观：失败可以被当作梗来玩，破产能够变成重生的序章。

价格即政治：群众投机的新抗争

meme 币现象的兴盛表明：在加密时代，价格本身已成为一种政治表达。这些看似荒诞的迷因代币，将金融市场变成了群众宣泄情绪和诉求的另一个舞台。有学者将此概括为“将公民参与直接转化为了投机资产”cdn-brighterworld.humanities.mcmaster.ca——也就是说，社会运动的热情被注入币价涨跌，政治支持被铸造成可以交易的代币。meme 币融合了金融、技术与政治，通过病毒般的迷因文化激发公众参与，形成对现实政治的某种映射cdn-brighterworld.humanities.mcmaster.caosl.com。当一群草根投入全部热忱去炒作一枚毫无基本面支撑的币时，这本身就是一种大众政治动员的体现：币价暴涨，意味着一群人以戏谑的方式在向既有权威叫板；币价崩盘，也并不意味着信念的消亡，反而可能孕育下一次更汹涌的造势。正如有分析指出，政治类 meme 币的出现前所未有地将群众文化与政治情绪融入市场行情，价格曲线俨然成为民意和趋势的风向标cdn-brighterworld.humanities.mcmaster.ca。在这种局面下，投机不再仅仅是逐利，还是一种宣示立场、凝聚共识的过程——一次次看似荒唐的炒作背后，是草根对传统体制的不服与嘲讽，是失败者拒绝认输的呐喊。归根结底，meme 币所累积的，正是一种不可被归零的政治资本。价格涨落之间，群众的愤怒、幽默与希望尽显其中；这股力量不因一次挫败而消散，反而在市场的循环中愈发壮大。也正因如此，我们才说“价格即政治”——在迷因币的世界里，价格不只是数字，更是人民政治能量的晴雨表，哪怕归零也终将卷土重来。cdn-brighterworld.humanities.mcmaster.caosl.com

全球新兴现象：伊斯兰金融的入场

当Crypto在西方世界掀起市场治政的狂潮时，另一股独特力量也悄然融入这一场域：伊斯兰金融携其独特的道德秩序，开始在链上寻找存在感。长期以来，伊斯兰金融遵循着一套区别于世俗资本主义的原则：禁止利息（Riba）、反对过度投机（Gharar/Maysir）、强调实际资产支撑和道德投资。当这些原则遇上去中心化的加密技术，会碰撞出怎样的火花？出人意料的是，这两者竟在“以市场行为表达价值”这个层面产生了惊人的共鸣。伊斯兰金融并不拒绝市场机制本身，只是为其附加了道德准则；Crypto则将市场机制推向了政治高位，用价格来表达社群意志。二者看似理念迥异，实则都承认市场行为可以也应当承载社会价值观。这使得越来越多金融与政治分析人士开始关注：当虔诚的宗教伦理遇上狂野的加密市场，会塑造出何种新范式？

事实上，穆斯林世界已经在探索“清真加密”的道路。一些区块链项目致力于确保协议符合伊斯兰教法（Sharia）的要求。例如Haqq区块链发行的伊斯兰币（ISLM），从规则层面内置了宗教慈善义务——每发行新币即自动将10%拨入慈善DAO，用于公益捐赠，以符合天课（Zakat）的教义nasdaq.comnasdaq.com。同时，该链拒绝利息和赌博类应用，2022年还获得了宗教权威的教令（Fatwa）认可其合规性nasdaq.com。再看理念层面，伊斯兰经济学强调**货币必须有内在价值**、收益应来自真实劳动而非纯利息剥削。这一点与比特币的“工作量证明”精神不谋而合——有人甚至断言法定货币无锚印钞并不清真，而比特币这类需耗费能源生产的资产反而更符合教法初衷cointelegraph.com。由此，越来越多穆斯林投资者开始以道德投资的名义进入Crypto领域，将资金投向符合清真原则的代币和协议。

这种现象带来了微妙的双重合法性：一方面，Crypto世界原本奉行“价格即真理”的世俗逻辑，而伊斯兰金融为其注入了一股道德合法性，使部分加密资产同时获得了宗教与市场的双重背书；另一方面，即便在遵循宗教伦理的项目中，最终决定成败的依然是市场对其价值的认可。道德共识与市场共识在链上交汇，共同塑造出一种混合的新秩序。这一全球新兴现象引发广泛议论：有人将其视为金融民主化的极致表现——不同文化价值都能在市场平台上表达并竞争；也有人警惕这可能掩盖新的风险，因为把宗教情感融入高风险资产，既可能凝聚强大的忠诚度，也可能在泡沫破裂时引发信仰与财富的双重危机。但无论如何，伊斯兰金融的入场使Crypto的政治版图更加丰盈多元。从华尔街交易员到中东教士，不同背景的人们正通过Crypto这个奇特的舞台，对人类价值的表达方式进行前所未有的实验。

升华结语：价格即政治的新直觉

回顾比特币问世以来的这段历程，我们可以清晰地看到一条演进的主线：先有货币革命，后有政治发明。比特币赋予了人类一种真正自主的数字货币，而Crypto在此基础上完成的，则是一项前所未有的政治革新——它让市场价格行为承担起了类似政治选票的功能，开创了一种“价格即政治”的新直觉。在这个直觉下，市场不再只是冷冰冰的交易场所；每一次资本流动、每一轮行情涨落，都被赋予了社会意义和政治涵义。买入即表态，卖出即抗议，流动性的涌入或枯竭胜过千言万语的陈情。Crypto世界中，K线图俨然成为民意曲线，行情图就是政治晴雨表。决策不再由少数权力精英关起门来制定，而是在全球无眠的交易中由无数普通人共同谱写。这样的政治形式也许狂野，也许充满泡沫和噪音，但它不可否认地调动起了广泛的社会参与，让原本疏离政治进程的个体通过持币、交易重新找回了影响力的幻觉或实感。

“价格即政治”并非一句简单的口号，而是Crypto给予世界的全新想象力。它质疑了传统政治的正统性：如果一串代码和一群匿名投资者就能高效决策资源分配，我们为何还需要繁冗的官僚体系？它也拷问着自身的内在隐忧：当财富与权力深度绑定，Crypto政治如何避免堕入金钱统治的老路？或许，正是在这样的矛盾和张力中，人类政治的未来才会不断演化。Crypto所开启的，不仅是技术乌托邦或金融狂欢，更可能是一次对民主形式的深刻拓展和挑战。这里有最狂热的逐利者，也有最理想主义的社群塑梦者；有一夜暴富的神话，也有瞬间破灭的惨痛。而这一切汇聚成的洪流，正冲撞着工业时代以来既定的权力谱系。

当我们再次追问：Crypto究竟是什么？ 或许可以这样回答——Crypto是比特币之后，人类完成的一次政治范式的试验性跃迁。在这里，价格行为化身为选票，资本市场演化为广场，代码与共识共同撰写“社会契约”。这是一场仍在进行的文明实验：它可能无声地融入既有秩序，也可能剧烈地重塑未来规则。但无论结局如何，如今我们已经见证：在比特币发明真正的货币之后，Crypto正在发明真正属于21世纪的政治。它以数字时代的语言宣告：在链上，价格即政治，市场即民意，代码即法律。这，或许就是Crypto带给我们的最直观而震撼的本质启示。

参考资料：

• 中本聪. 比特币白皮书: 一种点对点的电子现金系统. (2008)bitcoin.org

• Arkham Intelligence. Ethereum vs Ethereum Classic: Understanding the Differences. (2023)arkhamintelligence.com

• Binance Square (@渔神的加密日记). 狗狗币价格为何上涨？背后的原因你知道吗？binance.com

• Cointelegraph中文. 特朗普的迷因币晚宴预期内容揭秘. (2025)cn.cointelegraph.com

• 慢雾科技 Web3Caff (@Lisa). 风险提醒：从 LIBRA 看“政治化”的加密货币骗局. (2025)web3caff.com

• Nasdaq (@Anthony Clarke). How Cryptocurrency Aligns with the Principles of Islamic Finance. (2023)nasdaq.comnasdaq.com

• Cointelegraph Magazine (@Andrew Fenton). DeFi can be halal but not DOGE? Decentralizing Islamic finance. (2023)

@ 16d11430:61640947

At the intersection of philosophy, theology, physics, biology, and finance lies a terrifying truth: the fiat monetary system, in its current form, is not just an economic framework but a silent, relentless force actively working against humanity's survival. It isn't simply a failed financial model—it is a systemic engine of destruction, both externally and within the very core of our biological existence.

The Philosophical Void of Fiat

Philosophy has long questioned the nature of value and the meaning of human existence. From Socrates to Kant, thinkers have pondered the pursuit of truth, beauty, and virtue. But in the modern age, the fiat system has hijacked this discourse. The notion of "value" in a fiat world is no longer rooted in human potential or natural resources—it is abstracted, manipulated, and controlled by central authorities with the sole purpose of perpetuating their own power. The currency is not a reflection of society’s labor or resources; it is a representation of faith in an authority that, more often than not, breaks that faith with reckless monetary policies and hidden inflation.

The fiat system has created a kind of ontological nihilism, where the idea of true value, rooted in work, creativity, and family, is replaced with speculative gambling and short-term gains. This betrayal of human purpose at the systemic level feeds into a philosophical despair: the relentless devaluation of effort, the erosion of trust, and the abandonment of shared human values. In this nihilistic economy, purpose and meaning become increasingly difficult to find, leaving millions to question the very foundation of their existence.

Theological Implications: Fiat and the Collapse of the Sacred

Religious traditions have long linked moral integrity with the stewardship of resources and the preservation of life. Fiat currency, however, corrupts these foundational beliefs. In the theological narrative of creation, humans are given dominion over the Earth, tasked with nurturing and protecting it for future generations. But the fiat system promotes the exact opposite: it commodifies everything—land, labor, and life—treating them as mere transactions on a ledger.

This disrespect for creation is an affront to the divine. In many theologies, creation is meant to be sustained, a delicate balance that mirrors the harmony of the divine order. Fiat systems—by continuously printing money and driving inflation—treat nature and humanity as expendable resources to be exploited for short-term gains, leading to environmental degradation and societal collapse. The creation narrative, in which humans are called to be stewards, is inverted. The fiat system, through its unholy alliance with unrestrained growth and unsustainable debt, is destroying the very creation it should protect.

Furthermore, the fiat system drives idolatry of power and wealth. The central banks and corporations that control the money supply have become modern-day gods, their decrees shaping the lives of billions, while the masses are enslaved by debt and inflation. This form of worship isn't overt, but it is profound. It leads to a world where people place their faith not in God or their families, but in the abstract promises of institutions that serve their own interests.

Physics and the Infinite Growth Paradox

Physics teaches us that the universe is finite—resources, energy, and space are all limited. Yet, the fiat system operates under the delusion of infinite growth. Central banks print money without concern for natural limits, encouraging an economy that assumes unending expansion. This is not only an economic fallacy; it is a physical impossibility.

In thermodynamics, the Second Law states that entropy (disorder) increases over time in any closed system. The fiat system operates as if the Earth were an infinite resource pool, perpetually able to expand without consequence. The real world, however, does not bend to these abstract concepts of infinite growth. Resources are finite, ecosystems are fragile, and human capacity is limited. Fiat currency, by promoting unsustainable consumption and growth, accelerates the depletion of resources and the degradation of natural systems that support life itself.

Even the financial “growth” driven by fiat policies leads to unsustainable bubbles—inflated stock markets, real estate, and speculative assets that burst and leave ruin in their wake. These crashes aren’t just economic—they have profound biological consequences. The cycles of boom and bust undermine communities, erode social stability, and increase anxiety and depression, all of which affect human health at a biological level.

Biology: The Fiat System and the Destruction of Human Health

Biologically, the fiat system is a cancerous growth on human society. The constant chase for growth and the devaluation of work leads to chronic stress, which is one of the leading causes of disease in modern society. The strain of living in a system that values speculation over well-being results in a biological feedback loop: rising anxiety, poor mental health, physical diseases like cardiovascular disorders, and a shortening of lifespans.

Moreover, the focus on profit and short-term returns creates a biological disconnect between humans and the planet. The fiat system fuels industries that destroy ecosystems, increase pollution, and deplete resources at unsustainable rates. These actions are not just environmentally harmful; they directly harm human biology. The degradation of the environment—whether through toxic chemicals, pollution, or resource extraction—has profound biological effects on human health, causing respiratory diseases, cancers, and neurological disorders.

The biological cost of the fiat system is not a distant theory; it is being paid every day by millions in the form of increased health risks, diseases linked to stress, and the growing burden of mental health disorders. The constant uncertainty of an inflation-driven economy exacerbates these conditions, creating a society of individuals whose bodies and minds are under constant strain. We are witnessing a systemic biological unraveling, one in which the very act of living is increasingly fraught with pain, instability, and the looming threat of collapse.

Finance as the Final Illusion

At the core of the fiat system is a fundamental illusion—that financial growth can occur without any real connection to tangible value. The abstraction of currency, the manipulation of interest rates, and the constant creation of new money hide the underlying truth: the system is built on nothing but faith. When that faith falters, the entire system collapses.

This illusion has become so deeply embedded that it now defines the human experience. Work no longer connects to production or creation—it is reduced to a transaction on a spreadsheet, a means to acquire more fiat currency in a world where value is ephemeral and increasingly disconnected from human reality.

As we pursue ever-expanding wealth, the fundamental truths of biology—interdependence, sustainability, and balance—are ignored. The fiat system’s abstract financial models serve to disconnect us from the basic realities of life: that we are part of an interconnected world where every action has a reaction, where resources are finite, and where human health, both mental and physical, depends on the stability of our environment and our social systems.

The Ultimate Extermination

In the end, the fiat system is not just an economic issue; it is a biological, philosophical, theological, and existential threat to the very survival of humanity. It is a force that devalues human effort, encourages environmental destruction, fosters inequality, and creates pain at the core of the human biological condition. It is an economic framework that leads not to prosperity, but to extermination—not just of species, but of the very essence of human well-being.

To continue on this path is to accept the slow death of our species, one based not on natural forces, but on our own choice to worship the abstract over the real, the speculative over the tangible. The fiat system isn't just a threat; it is the ultimate self-inflicted wound, a cultural and financial cancer that, if left unchecked, will destroy humanity’s chance for survival and peace.

@ 3f770d65:7a745b24

I’m Derek Ross, and I’m all-in on Nostr.

I started the Grow Nostr Initiative to help more people discover what makes Nostr so powerful: ✅ You own your identity ✅ You choose your social graph and algorithms ✅ You aren't locked into any single app or platform ✅ You can post, stream, chat, and build, all without gatekeepers

What we’re doing with Grow Nostr Initiative: 🌱 Hosting local meetups and mini-conferences to onboard people face-to-face 📚 Creating educational materials and guides to demystify how Nostr works 🧩 Helping businesses and creators understand how they can plug into Nostr (running media servers, relays, and using key management tools)

I believe Nostr is the foundation of a more open internet. It’s still early, but we’re already seeing incredible apps for social, blogging, podcasting, livestreaming, and more. And the best part is that they're all interoperable, censorship-resistant, and built on open standards. Nostr is the world's largest bitcoin economy by transaction volume and I truly believe that the purple pill helps the orange pill go down. Meaning, growing Nostr will also grow Bitcoin adoption.

If you’ve been curious about Nostr or are building something on it, or let’s talk. Whether you're just getting started or you're already deep in the ecosystem, I'm here to answer questions, share what I’ve learned, and hear your ideas. Check out https://nostrapps.com to find your next social decentralized experience.

Ask Me Anything about GNI, Nostr, Bitcoin, the upcoming #NosVegas event at the Bitcoin Conference next week, etc.!

– Derek Ross 🌐 https://grownostr.org npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424

https://stacker.news/items/984689

@ bc6ccd13:f53098e4

It wasn’t so long ago that the mainstream conversation around population was exclusively focused on the dangers of overpopulation. The fatal flaws in the Malthusian theory had yet to be disproven clearly and obviously by observable demographic trends. That’s been gradually changing, and while it’s hardly a mainstream consensus, concerns about falling birthrates and the risk of population collapse have taken over the population conversion on the political right, and sometimes beyond.

There’s no questioning the data at this point. Fertility rates over most of the world have been in precipitous decline, and if the current trajectory continues, global population will peak very soon and fall rather dramatically. And even the falling population itself is much less of a threat than the aging population that will inevitably precede it. Having a large cohort of older and retired people and a small cohort of young workers is an existential threat to the modern welfare state, and to the entire credit-based fiat monetary system that supports it. But that’s a subject for another day.

There are a multitude of different theories that attempt to explain why this is happening. I’ll name some of the most common ones:

• Increased education and employment opportunities for women

• Urbanization

• Economic factors

• Access to contraception

• Changing social and cultural norms

• Delayed marriage

• Improvements in infant mortality rates

• Government policies

• Environmental concerns

• Pornography

• Feminism

• Endocrine disrupting chemicals

• Dating apps

Most rational thinkers agree there must be multiple factors playing a role. But the fact that the problem is so wide-spread, and populations that seem to be resisting the trend are so rare, shows that the strongest underlying factors are cross-culturally powerful and not easily resisted or reversed with marginal cultural differences and standard public policy efforts.

While populations that resist the trend are rare, they are not quite non-existent. A few groups stand out for their persistently high fertility rates. On a geographic basis, sub-Saharan Africa is the only major region still maintaining above-replacement fertility rates. For various reasons, I don’t think Africa is the most useful place to look for answers on what’s causing the decline elsewhere or how it could be reversed. One reason is that Africa seems to be following the global pattern, just with a lag. In another few decades the data may look very different, just like it does for South America today compared to 20 years ago.

In my opinion, a more useful place to look for data is in smaller population sub-groups within a geographic area that have fertility rates significantly higher than the general population levels. Rural populations in general have higher fertility rates than urban populations, but the difference isn’t really enough to consider it significant. The groups that fit this category well seem to be exclusively religious. These include certain Christian denominations in the traditional Anabaptist category including the Amish, Mennonites, and Hutterites, Muslims in some areas, and Jews, particularly the most orthodox sects. Mormons recently fell out of the high-fertility religious group category, which would also make for some interesting research.

It would be fascinating to compare these groups and see what they have in common outside just being religious in nature. I don’t have the knowledge to make that comparison. Instead, I’m going to focus on the group that’s often referenced and analyzed by people without much personal knowledge, the Amish.

I have read numerous articles and comments that reference the Amish to support this or that theory on the cause of falling fertility. One thing I notice is an obvious lack of understanding of the Amish culture, which leads to faulty arguments that don’t reflect reality. This isn’t surprising, given the insular and poorly-understood nature of the culture, the plethora of ridiculously incorrect “Amish” reality TV shows and pop culture myths, and the fact that the number of people with firsthand knowledge of Amish culture from an insider perspective who also write about demographic trends on any public platform is probably zero.

Well, was zero. I’m about to make that one.

My Qualifications

Since I’m claiming to have this knowledge, it’s only fair to give a little background as to how I got it. I choose to stay anonymous on the internet, and given that this is personal information that could make it significantly easier to dox me, I’ll be deliberately vague.

My parents were both born in Amish families. They didn’t stay, opting to leave the Amish church and culture before getting married and starting their family. My grandparents were all Amish, and all my cousins and most of my extended family remain Amish to this day. My parents didn’t move out of the Amish community, staying in the area and joining a conservative Mennonite church that was about the closest thing to being Amish without actually being Amish. The Mennonite community has a generally good relationship with and a lot of respect for the Amish community, given their deep similarities and shared history and cultural background.

I grew up interacting regularly with Amish relatives, neighbors and community members, speaking the Pennsylvania Dutch my parents taught us and used exclusively at home. I’m very certain that a real deep understanding of Amish culture is almost impossible without speaking their language, just like many other cultures around the world. The Amish speak English as their second language, but there are aspects of their culture that aren’t spoken about in English.

This lifelong proximity to and interaction with the Amish community has, I believe, given me some unique insights into the factors supporting their high fertility rates that no amount of academic research will ever uncover.

Who are the Amish?

First, some basics.

The Amish are a traditionalist Christian denomination. The way to understand the Amish is as a religious denomination first, and a culture second. Getting the two mixed up makes it impossible to understand why the Amish live the way they do.

Sure, their unique lifestyles makes them noteworthy as a group. But that lifestyle is based on and maintained by their religious beliefs and convictions.

Fundamentally, the Amish attempt to live out the Gospel as Jesus taught in the Sermon on the Mount. They believe their church has done so historically, and that the best way to make sure they keep doing so in the future is to view any changes to their traditional lifestyle with extreme skepticism and resistance.

The two primary doctrines that separate them from the mainstream Protestant Reformation, which is their group’s origin, are the doctrines of nonconformity and nonresistance. They apply the doctrine of nonconformity, the command to “be not conformed to this world: but be ye transformed by the renewing of your mind, that ye may prove what is that good, and acceptable, and perfect, will of God” in both a spiritual and a practical sense. They believe that Christians are to be radically different from non-Christians, both in their beliefs and attitudes, and in their lifestyle and appearance. And they apply the command to “resist not evil”, nonresistance, to mean that it’s a sin to use physical force or violence against another person for any reason whatsoever. They don’t make any exception for military service of any type, which they object to as a matter of conscience, or for self-defense, which they refuse to engage in even if it means death for themselves or their family.

The Amish do not practice infant baptism. Their young people must choose to be baptized and formally become members of the church, usually in their late teens or early twenties. As part of the baptism ceremony, they make a vow to remain faithful to God and the church until death. The Amish, as a church, interpret this vow to mean that the new church member will remain a member of the Amish church for life. Leaving the Amish church after making this vow and being baptized is viewed as breaking the vow, and is the justification for their practice of shunning, or the ban. Those who do so are cut off from contact with the community in various ways. Typically they won’t eat a meal with a shunned person, ride in a car a shunned person is driving, or do business with a shunned person. That includes immediate family. Failure to enforce this shunning against someone, even your own child, can result in running afoul of the church leadership and also being excommunicated and shunned.

This punishment, however, only applies to people who leave the church after baptism. Those young people who choose not to be baptized and leave the church instead are free to be treated just like any other non-Amish person, although their family essentially disown them and treat them like a shunned person anyway, if they’re especially strict and upset about the betrayal of Amish values.

Most Amish people don’t believe that the Amish are the only true church, or that only Amish people are true Christians. Most are accepting of other conservative Anabaptist denominations, and respect their values and practices as a different but valid way to be Christian. Church teaching strongly suggests that those who fall under the ban are living in sin and won’t make it to heaven. Most individuals, though, probably wouldn’t agree with that in every case if they were free to give their true opinion on the issue.

The Amish maintain a fertility rate of around 6 to 7 children per woman. Some recent research suggests this may be starting to fall somewhat, but the data isn’t extensive enough to make a solid judgement yet.

There are a wide variety of different “flavors” of Amish in different areas of the US, a fact they’re very aware of. The data strongly indicates that the most conservative and technologically primitive communities have slightly higher fertility rates and significantly higher retention rates of young people.

Why do the Amish Maintain High Fertility Rates?

Okay, enough background. Time to dive into the reasons I believe the Amish maintain their historically high fertility rate despite living in a developed, modern economy surrounded by people with dramatically sub-replacement fertility rates.

I thought long and hard about the best way to approach this. Going through a list of factors topically seemed like the obvious one. But the more I thought it through, the less I liked it. For one, how do you arrange the factors? Order of importance? How do you decide that? Also, the factors are so inter-related that they’ll be very tough to separate and understand individually. Finally, it seems dry and boring. Nobody needs that.

So I’m going to try something different. I’m going to approach it from a narrative angle. I’ll try to describe the life of a typical Amish person, from birth to death, in a chronological way. That’s the best approach to present it in a way that makes the culture relatable, while also tying the different factors together logically.

I’ll describe the experience for both men and women as best I can, and try to present the various factors encouraging high fertility as I see them at the appropriate part of the story.

This will likely be an article that gets revised later to address any questions that come up, so don’t consider it the final word on the subject.

Alright, time to get started.

Subscribed

First off, this might seem obvious, but the typical Amish baby is born into a large family. On average, they’ll have 5 or 6 siblings, and more is not at all uncommon. Families of 10 won’t raise an eyebrow, and 12-16 children aren’t unheard of, especially in the past when mortality was higher and second marriages were more common among younger widowers who went on to have children with their second wife. Humans are social creatures, and the environment and people we grow up surrounded by have a strong influence on our frame of reference. Studies have shown that women are very unlikely to have more children than their mother had. The number of siblings in your family, and in families you observe and interact with, doesn’t determine the number of children you will have, but it does strongly influence the number of children you feel is a “normal” amount. That makes it a kind of ratchet effect, where it’s very unlikely that a generation raised in homes with one or two children will go on to have larger families of their own collectively.

This cultural norm of large families establishes a kind of inertia that normalizes high fertility right from birth. Amish children grow up surrounded by siblings, observing, and as they get older, helping with the care and maintenance of a large family. All their relatives, cousins and extended family are also likely to belong to large families. The average Amish child grows up with dozens of first cousins, and sometimes hundreds of more distant cousins, many of whom they likely know well and socialize with regularly. This experience establishes a mental framework where a large family is assumed to be the default. And there is no stronger human tendency than the urge to fit in with the people around you.

Amish children grow up with strong gender norms taught from a very young age. The Amish culture follows strict and conservative gender roles. Boys and men do male things, girls and women do female things, and there is little effort or desire to create any overlapping space.

Boys grow up doing traditionally masculine things. They play outside, do chores on the farm, help their dad with his work, probably get a BB gun before age 10, go hunting and fishing, play sports, and generally prepare for a lifetime of physical labor and providing for a wife and family.

Girls grow up doing traditionally feminine things. They help care for younger siblings, help with housework, play with dolls, learn to cook and preserve food, learn to sew, and generally prepare for a lifetime of caring for and raising children and maintaining a large household.

It’s a common misconception that the Amish are mostly farmers who live off the land, subsistence style. That’s not at all accurate. While there are still Amish who make their living farming, at least in some areas, that has become the exception. The large scale of modern agriculture means it takes a lot of acres and a lot of machinery to run a profitable commercial farming operation. The Amish reject the use of most modern agricultural machinery, which makes them uncompetitive in commercial agriculture outside more niche markets like dairy, produce, or greenhouses. And the fact that they live in small geographic communities with large families means they quickly buy up all available farmland in an area until they price themselves out of the market. Prime farmland in heavy Amish farming communities like Lancaster, Pennsylvania routinely sells for over $25,000 per acre, which is more than a commercial crop farming operation might bring in over a lifetime.

So the Amish have moved away from a primarily agriculture based economy to various other occupations. In some areas they work in RV factories. Most work in trades, primarily construction. Many are masons, carpenters, cabinet builders, mechanics, welders, etc.

But they reject the ownership of cars, so they still use their characteristic horses and buggies for transportation. In reality, they use cars for most of their transportation needs. But they don’t own cars or have driver’s licenses, so they rely on “Amish taxi drivers” to chauffer them around. The men hire a driver to take them to and from work, if they work in construction or some other job outside the home. The women hire a driver take them to town for their shopping or for other errands. The exception is church. They’re still required to drive to church in a horse and buggy, so every family must keep a horse for that reason, as a bare minimum. In many cases that’s the only time they ever use a horse and buggy, and if it weren’t for that requirement they wouldn’t own one at all.

But that requirement means every Amish family must own enough land to keep a horse, which takes a few acres and a small barn at minimum. This forces them to live in rural areas and raise their families in a somewhat agricultural environment, even if their occupation wouldn’t require that at all. So there are always chores for the children, animals to care for, and space to play outside with their siblings.

Amish children grow up with very limited exposure to mainstream cultural pressures. Their mothers inevitably raise them at home until they start school. They don’t have TV or cell phones, so they aren’t exposed to any mainstream culture on a daily basis.

The Amish have their own schools, typically small one room schools within walking distance of all the families who attend. The teachers are often young single people, always Amish. They primarily teach basic academics: reading, writing, arithmetic, geography, history, etc. While the Amish speak both English and Pennsylvania Dutch, many Amish children are first exposed to English on a daily basis when they start school. School is taught in English, although there is limited teaching of the High German the Amish use in their church services.

Amish children attend school until 8th grade. The schools run the minimum number of days required by the state, usually 160. There is no higher education beyond grade 8. No Amish attend college.

Amish children are taught from little up that they are not like other people. The differences between their culture and mainstream culture are emphasized, and Amish culture is praised as the ideal, at a religious level. They're taught that the way to do what’s right is to do what the church asks, and those who don’t do what the church asks are in the wrong.

The Amish rate and describe everyone on a scale from “high” to “low”. A person who isn’t Amish, who isn’t a Christian, is a “high” person, or an “English” person. To go from being Amish to being “English” is the worst, most damning, failure imaginable. The Amish are “low” people. The more strict and traditional an Amish sect, the “lower” they are. Being “low” is seen as a virtue. Other conservative Christian denominations, particularly other Anabaptist groups, are also considered “low” people and generally viewed favorably, but they aren’t as “low” as the Amish.

Amish boys grow up expecting to start work full time at age 14, and to work at some type of trade or physical labor. There are no white-collar career tracks, essentially. Entrepreneurship is encouraged, and many young Amish men start their own construction crew or home business in their 20s or 30s after a few years of experience working for someone else. Often Amish boys start off working for and with their dad, in whatever trade or business he operates. But if they’re not interested in that particular occupation, they’re free to find another. Amish businesses and tradesmen are always willing to hire young Amish boys and train them in a craft. A good work ethic is considered a virtue, and Amish are known for their skilled craftsmanship and willingness to work harder than the competition. These traits are taught and encouraged from little on up.

Amish men as a whole do very well financially. For one, they start working and developing skills and work ethic a decade earlier than the typical college graduate. The trades pay well, and of course anyone could take advantage of that, but the mainstream narrative discourages men from pursuing a trade career by labeling it low status and keeping them in education until their prime years to gain a work ethic are past. It’s not uncommon for young Amish men just out of 8th grade to land a job on a carpentry crew for $25-30 an hour. With bonuses, some of them are bringing in $90k/year before age 20. Another advantage young Amish men have is lower expenses. They can certainly find places to spend their money, typically hobbies like hunting and fishing, but things like expensive designer clothes and accessories or overpriced car payments aren’t really an option. They also benefit from the Amish exemption to Social Security taxes. The Amish don’t pay into or collect Social Security. More on that later, but it helps immensely to keep more of your paycheck in your early prime working years.

Amish girls grow up expecting to get married at a young age and raise a large family as a traditional housewife. Amish girls aren’t encouraged to have a “career”, and the idea would be silly to them. They are expected to work, but the work is either helping their mom with the household, working on the family farm or business, or doing something like teaching school or working at an Amish farmer’s market to pass the time between leaving school and marriage. It’s never viewed as a permanent occupation, because marriage and motherhood is the default aspirational lifestyle. A common job for young Amish girls is working as a “maid” to help a new mother with housework at the end of pregnancy and for the first few months after childbirth. All new mothers can get this type of help if they want, and it will usually be a younger sister, cousin, or niece of appropriate age. Otherwise the community will find a suitable girl who’s available for the job. A “maid” will sometimes travel to a different Amish community for this reason, given how large extended families are and how frequently Amish families move across the country to a different community. This is often an opportunity for them to attract the attention of a young man outside their local community, and is one of the only ways for a long-distance relationship and marriage to begin.

Amish young people are expected to live with their parents until marriage, with very few exceptions. They’re also typically expected to work for their dad in the family business for no pay, and to give any earnings they make at a day job outside the home to their parents. This is typically expected until age 21, or until they get married, whichever comes first. More recently, with the rising cost of land and housing, it’s becoming more common to make age 18 the cutoff. And when a young couple is engaged, the parents typically allow them to start saving their income for their future household. This practice helps parents offset some of the expenses of raising such large families, along with the fact that no money is spent on higher education. It also provides one strong incentive to marry as early as possible.

Amish culture revolves around family and the community. Extended families are large, and people are expected to know and interact with their family. Conversation with a stranger at a social event invariably starts by asking their name, then asking who their parents, grandparents, and other relatives are until some distant family connection or a mutual acquaintance is found. Since the Amish community has a small pool of family names, and tends to heavily favor certain Biblical first names, enough people end up with the same name to make things really confusing. People are often identified by two or three generations of their family, for example “Sam Yoder’s John’s Amos” for an Amos Yoder who’s father was John Yoder and grandfather Sam Yoder.

Social activities are either family events or church events, or both. Weddings and funerals are the main social functions other than church services, and people are expected to attend as many as possible among their family and extended family, regardless of the distance. Given the large family sizes, most Amish have dozens of first cousins and many more distant cousins. Weddings and funerals can be almost weekly events. These are church events as well, so much of the local Amish community will usually attend. It will be an all day event, with the women and girls preparing a lunch and dinner for everyone. After the meal, the women and girls will wash the dishes and clean up, while the men sit around and talk. No cell phones, remember. Talking is the main form of social interaction. Topics typically include work, family news, hunting and fishing stories (Amish men hunt and fish with the same enthusiasm typical American men watch sports), horses, and interesting or funny stories about family and friends. Those with a knack for entertaining oratory are well respected and appreciated in the Amish community.

Of course the women do their fair share of talking as well, in the kitchen while cleaning up after the meal, and later in the living room where they join the men after the domestic work is done. The main topics of conversation always revolve around family, immediate and extended. News travels through the Amish community faster than any social media platform, because nothing builds Amish female status more than being the first to call with the news that great uncle so-and-so was injured in a farming accident or nephew so-and-so has a new baby, along with all the pertinent details about the name, size, and health of the baby and how the mother is doing and how many grandchildren that makes in total for the lucky grandparents.

While the adults are talking, the children are free to play either inside or preferably outside. Trampolines, climbing trees, playing in the hayloft, tag, volleyball, and softball are favorite activities at various ages. The younger boys and girls typically play together, but as they get older the girls spend more time visiting while the boys prefer more structured sports. Softball is a game for boys, but volleyball is popular with mixed teams of boys and girls at any age.

Visiting relatives or other community families is also a popular social activity, especially on “in-between Sunday”. The Amish have church every other week, and the week without church is often an opportunity to visit another family. Invitations are not expected or required, and anyone stopping by will be expected to stay for dinner and into the evening. At these type of events, the older children are often expected to sit and visit with the adults. Sitting still and being quiet are mandatory skills, since church services are 2 hours or longer and held in barns or sheds without air conditioning filled with backless wooden benches. Self-discipline is not an optional virtue, because the alternative is physical discipline.

As Amish young people enter their mid teen years, they go from childhood to youth. At a certain age, usually around 15 or 16, they officially become youth and enter the stage everyone is familiar with, “rumspringa”. That’s a Pennsylvania Dutch word that translates to “running around”. The Amish use it more as a verb, but pop culture has adopted it as a noun based on some wildly inaccurate reality TV shows and depictions.

The reality is, rumspringa varies widely from community to community, mostly based on what the parents and church leaders tolerate. Remember that Amish church membership is a fully voluntary decision, and Amish young people are free to join or not, as they decide. Late teens is the typical age for that decision. In the meantime, they are free to make their own decisions, subject to their parents’ rules. Breaking the rules can mean that at some point, they won’t be welcome to live in their parents’ household any more. That’s a fairly strong deterrent to the most extreme infractions.

At this stage, young Amish men will be buying their own horse and buggy, and both boys and girls will be permitted to attend the Sunday night “singing”. This is a social activity held at someone's house on Sunday evening, involving all the youth in the community coming together for dinner, playing volleyball, and singing German hymns together. The purpose is to provide a somewhat controlled social environment for young men and women to interact and hopefully meet their future spouse. Dating couples can attend together, and dates are permitted after the formal activities, with the young men often driving their date home late at night before finally heading home themselves.

Depending on the tolerance of the community, the informal activities can be a bit more permissive than singing hymns and playing volleyball. Often the buggies will become a typical teenage party scene, with alcohol, smoking, a radio, illicit smartphones and DVD players, and some less-than-reserved interaction between boys and girls. The punishment for getting caught can be severe, but in many cases the adults tend to turn a blind eye to what’s happening, and let the young people do as they please.

A lot more could be said about the dynamics of this cultural practice, but specifics vary so much between communities that I don’t think there’s much value in doing so. The point I think is relevant to this discussion is the question of sex.

There’s no reason to go off into the weeds on how much, if any, sex occurs. Premarital sex is absolutely forbidden. Does it happen anyway? Humans being human, certainly. How much? Probably very little in most cases. Getting pregnant, or getting someone pregnant, is the one transgression with inevitable life-changing consequences. The “shotgun wedding” is alive and well among the Amish, and getting a girl pregnant means marrying her or being expelled from the Amish community permanently, no exceptions. Besides that, getting pregnant outside of marriage is the most disgraceful and shameful thing a girl could do. It happens very very rarely, put it that way.

So casual sex within the community is basically off the table. What about casual sex with “English” people? This is where the Amish cultural practices play a big role. The Amish dress very distinctly. They can’t go anywhere in their traditional clothes without being instantly recognized. They also don’t drive cars, so going somewhere means getting a ride with someone. And their parents will usually keep an eye on their plans and whereabouts. So let’s imagine how an Amish teenager might go about finding a casual sexual encounter.

First off, getting ahold of a cell phone would be essential. They need some way to communicate with the outside world, and coordinate with their “partner in crime.” A lot of Amish teenagers do this, often with the help of slightly older people who have left the Amish, but keep ties with the community, maybe an older sibling or cousin. These are often the same people who buy alcohol for Amish teens.

Then, they need to get some non-Amish clothes. Remember, every trip away from home will take a willing driver, a plausible excuse in a community where everyone knows everyone, and the guarantee of being immediately recognized if seen in public. And the Amish parents know who the “bad kids” are, the ones who left but are willing to help their younger relatives and friends break the rules. Getting caught hanging around with them will probably mean a lot less trust and a lot less freedom in the future.

For the girls, a change of “English” clothes and a new hairstyle will let them blend in quite well. Of course, they can’t be caught leaving or coming home in those clothes, or have the clothes found at home. Lots of logistical hurdles everywhere. For the boys, they have a very distinctive haircut. A new change of clothes won’t fix that. There’s really no way for them to hide the fact that they’re Amish, even if the accent and the lack of a driver’s license don’t give them away.

Assuming they manage all that, and sneak away from home undetected, how will they find someone to hook up with? They’re very insulated from popular culture, and probably not at all comfortable in typical social situations. For the girls, there’s the added risk that an accidental pregnancy, or even just getting caught, would ruin their reputation and any chance of marriage and a family in the Amish community. So they’re unlikely to even try, unless they’re already fully intending to leave the Amish for good. That only really happens if they have a guy ready to marry them outside the Amish community, for reasons I’ll get into more later. Briefly, the Amish culture and schooling leaves women poorly prepared to support themselves outside that culture.

For the boys, there’s the typical difficulty men face in finding casual sexual partners. Multiply that by the difficulty of not having a car or driver’s license, not being experienced in mainstream social norms, plus that obvious and undisguisable Amish haircut. And all that ignores the lifelong teaching that casual sex is sinful and wrong, and those who engage in it are going against the teachings of God and the church. The entire culture is specifically designed to discourage casual sex as strongly as possible, and it does an excellent job at that.

Why does that matter? Well, humans are all very much the same, with the same desires and instincts. And sex is one of the strongest of those desires. The Amish are certainly no different.

So the Amish religious practice and culture offers a very simple choice. You can choose sex outside of marriage, which will be difficult or impossible, occasional at best, and if you get caught will mean expulsion from the community your life is rooted in, and even if you don’t get caught will mean you’re committing a mortal sin that will keep you out of heaven if you don’t repent and change. Or, you can get married and have all the sex you want, and be respected and rewarded for it.

That’s really all it takes to sell the idea of marriage to most men.

When a couple does decide to get engaged, of course with permission from the girl’s father, the wedding happens within a reasonably short time, in acknowledgement of the temptation young people face in that situation.

So let’s take a little closer look at the gender differences between the choice to stay single or to marry. It’s helpful to lay out the different life paths available, and how they play out over time.

There are very few Amish who remain single throughout their life, and almost all of them are women. So let’s look at it through a man’s perspective first. What kind of life can a single Amish man expect?

First off, a lifetime of celibacy. There’s hardly any need to go further, that’s a deal breaker for most men. If they choose to stay single for some reason, most will leave the Amish completely rather than accept those terms.

So maybe it’s more useful to look at incentives for early marriage, which is the norm. I’m a strong believer that incentives create outcomes, so I’ll be taking a hard look at incentives throughout this article.

Young people are expected to live with their parents until marriage, in most cases. Remember, no going off to college either. So from age 14 on, they’re stuck living with Mom and Dad, working full time, and not even keeping their own income. That gets old fast. Getting married, moving out, and starting a family looks better every day. Besides that, Amish women do a lot to improve the lives of their men. The Amish are well known for their delicious food. Well, that’s because the Amish women cook and bake. As a single guy, moving out of Mom’s house means not getting delicious home-cooked food every day. And they don’t have an iPhone to order DoorDash either, so it’s pizza delivery, hiring a driver to go to a restaurant, or whatever you can cook yourself. And Amish boys don’t grow up learning how to cook, that’s women’s work. Same with making clothes. Amish mothers and wives sew clothes for their families, since they’re forbidden to wear commercially available clothes in general. So a single guy is dependent on his mom for new clothes as well. Same with washing clothes. Most Amish have fairly modern clothes washing machines, although they don’t use dryers. But washing and folding clothes isn’t a job most boys grow up doing, so they’re pretty lost if they have to try it.

All in all, there aren’t a lot of upsides to staying single longer than absolutely necessary. There are plenty of benefits to marriage, though. For one, marriage is seen as a necessary step to full maturity as a man. It’s even expressed as a visible marker. Single young men typically stay clean-shaven. Once they get married, shaving is completely forbidden, and they are required to grow out a full beard. So the difference between married and single men is obvious at first glance, and is acknowledged as a marker of full maturity.

Then of course there’s the sexual access. No explanation needed.

Then there are all the benefits of an improved lifestyle a stay-at-home wife provides. That includes cooking, cleaning, washing clothes, caring for a garden, preserving food, helping with farm work or chores, and helping with his business. Many Amish wives are very involved in their husband’s career or business, whether that’s managing the bookkeeping, working in the greenhouses, or helping with daily chores on the farm. While most Amish communities use quite modern household appliances, powered with batteries, kerosene, or air pressure, the work of maintaining a household is still much more involved than for the typical American household. Especially when it comes to sewing, which very few American women do at all, but which took a large percentage of women’s time only a few generations ago. Among the Amish it still does.

I’m only focusing on the incentives for marriage right now, because that’s the first step. Of course, most married couples today don’t have 5-8 children, so there’s more to the story. But universal marriage, particularly early marriage, is an essential part of the puzzle.

Shifting focus to the women, here the picture is even more clear. Almost all lifelong single Amish people are women, and that’s not by choice. The Amish still maintain the “old maid” category that used to be part of mainstream culture. Single Amish women are almost invariably single because no man offered to marry them. Here’s why.

If single life is unappealing for Amish men, it’s positively bleak for women. Marriage and family life is the aspirational goal they’re taught from little up. And for good reason.

With their eighth-grade education, and without a driver’s license and car, their income earning potential is very limited. Most young women who aren’t busy on the farm or with the family business work as schoolteachers, housecleaners, babysitters, or cooks and servers at Amish restaurants or farmers’ markets. None of these jobs pay well. Enough to buy a few personal items, but not enough to buy a house or support even one person. And while it might be acceptable for a single Amish man to eventually buy a house and move out, at some point in his late 20s or early 30s, it’s really not acceptable at any age for an Amish old maid. Those old maids typically end up living with their parents, caring for them in old age, working the same type of jobs young girls do, and probably hoping that at some point an older widower with a family will show up and propose.

Marriage has massive lifestyle benefits for women, even more so than for men. Amish men typically do well financially, and often work in construction as well, or have friends and relatives who do. Amish houses are very nice and well constructed to say the least, and the wife gets the house she wants, the way she wants it. Being stingy with a house for your wife isn’t part of an Amish man’s mentality. Amish women are well rewarded for all their hard work keeping house, with a house they’ll be happy keeping. And of course a nice farm or at least some acreage, with space for a big garden, a barn for any animals, and space for greenhouses or whatever she needs for any home business ambitions she might have.

Along with that, Amish women have a lot of flexibility when it comes to spending money. Many Amish women handle most of the family finances. And the money her husband earns is family money, not his money. While the husband has final say in financial decisions, most Amish men don’t say no to their wives’ purchase requests often. Married Amish women have access to all the creature comforts the church allows to make their lives as pleasant as possible.

When it comes to status, the benefits are just as clear. Amish life revolves around family, and nothing is higher status than a thriving family of your own. The Amish version of posting exotic vacation pictures on Instagram is showing up to a social function with your new baby. It’s the automatic center of attention for weeks, until a newer baby show up in the community. And the default topic of conversation is always a woman’s children and their growth and development. Young girls grow up dreaming of the day they can join those conversations, and old maids are always outsiders in a certain sense, pitied by everyone else for their misfortune.

Being an old maid means being poor, low status, pitied by other women, and destined to live with your parents until they pass, with your only bitter-sweet consolation being the role of aunt to your dozens of nieces and nephews and maid to your sisters and sisters-in-law through their many pregnancies. Getting married means access to a man’s income, a nice new house just the way you want it, a farm, and an automatic status boost as a mother and eventually grandmother who always has lots to contribute to the conversation at social events.

As you can imagine, the incentives strongly favor marriage from both directions. Men benefit through improved lifestyle, status, and access to sex. Women benefit through improved lifestyle, economic opportunity, and status in the social hierarchy.

Given that the selection pool for potential partners is limited, mostly to the local Amish community, or occasionally another Amish community if there’s some interaction through family ties or social events, assortative mating is the norm. Young people can be choosy, sure. But they already know most of the people in their potential mating pool, and have probably known those people for most of their lives. They have a pretty good idea how desirable they are to potential partners, and the girls especially have to think long and hard about turning down a suitor. Men are always the initiators of a relationship, and the risk of turning down an eligible man and then never getting another offer, ending up as a dreaded old maid, is always lurking in the back of their minds.

Besides that, both men and women have multiple ways to improve their spouse’s life. Women are much more than just sexual objects. Their domestic role actually raises their husband’s standard of living significantly, in a way he can’t access as a single man. And men are all valuable to women, both for resources and for status as a wife and mother. Even a very average husband or wife is a massive lifestyle boost over remaining single.

By now it should be pretty clear why marriage is almost universal among the Amish, and marriage at what most would consider a young age (19-23) is more common than not. And I haven’t even mentioned any religious teaching, because frankly I don’t think that’s a major force on an individual level. The religious beliefs shape the social and material landscape, and that landscape provides the practical incentives that cause people to make the choices they do. The fact that an Amish interpretation of the Bible encourages marriage and children is one layer removed from the reasons individual 20-year-old Amish men and women choose to get married.

I pointed out earlier that getting married and having a high birthrate, or even getting married young and having a high birthrate, are not exactly the same thing. Plenty of married couples today have one, two, or even no children, even if they got married young enough to have ten if they chose to do so. So why are the Amish different?

There’s the too-obvious answer: they don’t allow the use of contraceptives. Occam’s razor and all, but it deserves a bit more explanation. After all, the Catholic Church doesn’t allow the use of contraceptives either, and look how well that’s working out for them. Of course the enforcement mechanism doesn’t have the teeth among Catholics that it has among the Amish, but that’s not the whole story. If they were motivated enough, there’d be a way to space the children out more, maybe end up without quite so many, without anyone knowing. That doesn’t happen, because the contraceptive ban is a dead letter when couples want to have as many children as possible, which the Amish typically do.

Again, I’ll go back to incentives. What are the incentives to have children specifically, as many as possible, and not just get married and “plan for a family one day”?

For one, status. For both men and women, a large family is a marker of high status. Parents are respected and honored for doing a good job of raising well-adjusted children.

Children are also less of a financial burden for the Amish. Their children are raised well, but not in a financially intensive way that’s become expected today. They don’t have to buy a new car or SUV to fit the family, they don’t buy every child a boatload of expensive electronic gadgets every birthday and Christmas, they don’t have to pay for frequent vacations or college tuition, and they don’t have to eat out or pay for takeout or pay for childcare or a house cleaner since the wife is handling all those domestic roles herself. And the Amish don’t practice helicopter parenting, so children are much more free to play and amuse themselves without constant supervision from their parents. They don’t have to be driven to 17 different weekly structured activities. They have a farm to play on and shelves full of books to read and some toys to play with if the weather is bad, and that’s about it. And of course as the family grows, the older siblings do a large percentage of the housework and help with the younger children.

The older teenagers that are working outside the home typically give their earnings to their parents, but this basically offsets the cost of raising them, so it isn’t really an incentive to have larger families, just the removal of a disincentive.

The strongest real incentive, other than increased status and cultural inertia, that I observe for large families is that the children are the parents’ retirement plan. The Amish don’t work at jobs that offer pensions or benefits. They are exempt from paying into, but also ineligible to receive, Social Security benefits. The Social Security exemption was granted on the basis that the Amish don’t need government payments to support them in old age, because the family and community will do that. And they do.

How does this work out in practice? First, the Amish don’t practice “retirement” the way most people think of it. They teach that work is honorable and every able-bodied man should work to support his family and to help those in need. So as long as a man is physically able to work, he’ll be employed and supporting himself and his wife. And Amish women move directly from the role of mother to the role of grandmother. It’s not at all uncommon, in fact, for a woman’s first grandchild to be born before her last child is born. So plenty of Amish children are an aunt or uncle at birth, and have a niece or nephew older than they are. Grandmothers are extremely involved in helping their daughters and daughters-in-law with childcare, so they don’t often have a big stretch of free time after their children grow up and move out. And besides that, there are still the significant household responsibilities to attend to.

As a couple gets older and perhaps less able to handle everything on their own, they often move to the home of one of their grown children. Typically not into the home directly, but into what’s called a “dody haus” (grandpa house) which might be a small detached house on the same property, or a separate wing of the larger house, like an in-law suite. Here they’re able to live independently, help care for the grandchildren next door, and still be nearby so their children and grandchildren can give any care they may need in old age. If the couple has an unmarried “old maid” daughter, she’ll typically still be living with them and will be the primary caregiver.

If someone doesn’t have children to care for them, the Amish community will find a way to care for them. Some more distant relative or maybe surviving siblings will step in to help. But the expectation and the rule is that your children and grandchildren will care for you after you’re no longer able to care for yourself. Finding yourself growing old without family is an unfortunate and unpleasant situation, regardless how much the community may try to fill that role. Just as throughout earlier stages of life, social functions and social status revolve around children and family, and anyone without them will be incomplete as a person, something of an inevitable outsider to the joys of life. The best insurance against a lonely and uncomfortable old age is a large family, among which there are certain to be sufficient resources to care for you. Many elderly Amish people die with well over a hundred grandchildren and great-grandchildren, and spend their later years constantly surrounded by children and young people who deeply appreciate and respect them. Being taught and shown that respect toward their own grandparents from a young age is a strong incentive to aspire to the same status one day.

I’m not sure exactly where this fits, but I should point out somewhere that the Amish have an absolutely zero tolerance policy toward divorce. There are no legitimate grounds for divorce whatsoever, and anyone who initiates a divorce will be excommunicated from the church and shunned. If an Amish person’s spouse initiates divorce proceedings, they won’t cooperate with those proceedings in any way. If the divorce happens through the legal system without their consent anyway, they can remain a church member in good standing only by staying celibate as long as their spouse remains alive. The only acceptable second marriage is in the case of the death of a spouse. In those cases, a quick remarriage is the rule among widows and widowers with young children, since raising a family is seen as a job for a married couple, not a single person.

It’s hard to say exactly how this stance against divorce influences marriage and fertility. But it certainly limits exposure to the idea of divorce as a “solution” to marriage difficulties, and incentivizes couples to work things out for their own life satisfaction. And it dramatically reduces the financial risks men face in the modern marriage system, where the potential to lose not only their family, but also a significant portion of their material wealth, raises strong disincentives to marriage. The physical realities of married life versus single life in a more low-tech environment probably discourage divorce, but the added threat of complete social and familial ostracization eliminate it almost entirely.

Conclusion

This article is my attempt to provide some insight into the Amish culture that might help us understand the factors causing their unusually high fertility rate. I’ve titled it as part one, because I plan to follow up with some of my personal opinions on how these insights relate to the broader society. I think a lot of the proposed causes of and solutions to the global demographic collapse are completely incorrect, and my opinion is based heavily on my observation of Amish culture. That will be the focus of part two of this article.

Feel free to comment and post questions. My biggest challenge in writing this article is the fact that I take my familiarity with Amish culture for granted to some degree, so I struggled to choose which points are relevant to understanding the culture for an outsider. I’m sure I skipped over plenty of important details that may leave readers feeling confused, so I’ll do my best to answer any questions you post, and update the article with pertinent information I missed.

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I’ll admit that I was wrong about Bitcoin. Perhaps in 2013. Definitely 2017. Probably in 2018-2019. And maybe even today.

Being wrong about Bitcoin is part of finally understanding it. It will test you, make you question everything, and in the words of BTC educator and privacy advocate Matt Odell, “Bitcoin will humble you”.

I’ve had my own stumbles on the way.

In a very public fashion in 2017, after years of using Bitcoin, trying to start a company with it, using it as my primary exchange vehicle between currencies, and generally being annoying about it at parties, I let out the bear.

In an article published in my own literary magazine Devolution Review in September 2017, I had a breaking point. The article was titled “Going Bearish on Bitcoin: Cryptocurrencies are the tulip mania of the 21st century”.

It was later republished in Huffington Post and across dozens of financial and crypto blogs at the time with another, more appropriate title: “Bitcoin Has Become About The Payday, Not Its Potential”.

As I laid out, my newfound bearishness had little to do with the technology itself or the promise of Bitcoin, and more to do with the cynical industry forming around it:

In the beginning, Bitcoin was something of a revolution to me. The digital currency represented everything from my rebellious youth.

It was a decentralized, denationalized, and digital currency operating outside the traditional banking and governmental system. It used tools of cryptography and connected buyers and sellers across national borders at minimal transaction costs.

…

The 21st-century version (of Tulip mania) has welcomed a plethora of slick consultants, hazy schemes dressed up as investor possibilities, and too much wishy-washy language for anything to really make sense to anyone who wants to use a digital currency to make purchases.

While I called out Bitcoin by name at the time, on reflection, I was really talking about the ICO craze, the wishy-washy consultants, and the altcoin ponzis.

What I was articulating — without knowing it — was the frame of NgU, or “numbers go up”. Rather than advocating for Bitcoin because of its uncensorability, proof-of-work, or immutability, the common mentality among newbies and the dollar-obsessed was that Bitcoin mattered because its price was a rocket ship.

And because Bitcoin was gaining in price, affinity tokens and projects that were imperfect forks of Bitcoin took off as well.

The price alone — rather than its qualities — were the reasons why you’d hear Uber drivers, finance bros, or your gym buddy mention Bitcoin. As someone who came to Bitcoin for philosophical reasons, that just sat wrong with me.

Maybe I had too many projects thrown in my face, or maybe I was too frustrated with the UX of Bitcoin apps and sites at the time. No matter what, I’ve since learned something.

I was at least somewhat wrong.

My own journey began in early 2011. One of my favorite radio programs, Free Talk Live, began interviewing guests and having discussions on the potential of Bitcoin. They tied it directly to a libertarian vision of the world: free markets, free people, and free banking. That was me, and I was in. Bitcoin was at about $5 back then (NgU).

I followed every article I could, talked about it with guests on my college radio show, and became a devoted redditor on r/Bitcoin. At that time, at least to my knowledge, there was no possible way to buy Bitcoin where I was living. Very weak.

I was probably wrong. And very wrong for not trying to acquire by mining or otherwise.

The next year, after moving to Florida, Bitcoin was a heavy topic with a friend of mine who shared the same vision (and still does, according to the Celsius bankruptcy documents). We talked about it with passionate leftists at Occupy Tampa in 2012, all the while trying to explain the ills of Keynesian central banking, and figuring out how to use Coinbase.

I began writing more about Bitcoin in 2013, writing a guide on “How to Avoid Bank Fees Using Bitcoin,” discussing its potential legalization in Germany, and interviewing Jeremy Hansen, one of the first political candidates in the U.S. to accept Bitcoin donations.

Even up until that point, I thought Bitcoin was an interesting protocol for sending and receiving money quickly, and converting it into fiat. The global connectedness of it, plus this cypherpunk mentality divorced from government control was both useful and attractive. I thought it was the perfect go-between.

But I was wrong.

When I gave my first public speech on Bitcoin in Vienna, Austria in December 2013, I had grown obsessed with Bitcoin’s adoption on dark net markets like Silk Road.

My theory, at the time, was the number and price were irrelevant. The tech was interesting, and a novel attempt. It was unlike anything before. But what was happening on the dark net markets, which I viewed as the true free market powered by Bitcoin, was even more interesting. I thought these markets would grow exponentially and anonymous commerce via BTC would become the norm.

While the price was irrelevant, it was all about buying and selling goods without permission or license.

Now I understand I was wrong.

Just because Bitcoin was this revolutionary technology that embraced pseudonymity did not mean that all commerce would decentralize as well. It did not mean that anonymous markets were intended to be the most powerful layer in the Bitcoin stack.

What I did not even anticipate is something articulated very well by noted Bitcoin OG Pierre Rochard: Bitcoin as a savings technology.

The ability to maintain long-term savings, practice self-discipline while stacking stats, and embrace a low-time preference was just not something on the mind of the Bitcoiners I knew at the time.

Perhaps I was reading into the hype while outwardly opposing it. Or perhaps I wasn’t humble enough to understand the true value proposition that many of us have learned years later.

In the years that followed, I bought and sold more times than I can count, and I did everything to integrate it into passion projects. I tried to set up a company using Bitcoin while at my university in Prague.

My business model depended on university students being technologically advanced enough to have a mobile wallet, own their keys, and be able to make transactions on a consistent basis. Even though I was surrounded by philosophically aligned people, those who would advance that to actually put Bitcoin into practice were sparse.

This is what led me to proclaim that “Technological Literacy is Doomed” in 2016.

And I was wrong again.

Indeed, since that time, the UX of Bitcoin-only applications, wallets, and supporting tech has vastly improved and onboarded millions more people than anyone thought possible. The entrepreneurship, coding excellence, and vision offered by Bitcoiners of all stripes have renewed a sense in me that this project is something built for us all — friends and enemies alike.

While many of us were likely distracted by flashy and pumpy altcoins over the years (me too, champs), most of us have returned to the Bitcoin stable.

Fast forward to today, there are entire ecosystems of creators, activists, and developers who are wholly reliant on the magic of Bitcoin’s protocol for their life and livelihood. The options are endless. The FUD is still present, but real proof of work stands powerfully against those forces.

In addition, there are now dozens of ways to use Bitcoin privately — still without custodians or intermediaries — that make it one of the most important assets for global humanity, especially in dictatorships.

This is all toward a positive arc of innovation, freedom, and pure independence. Did I see that coming? Absolutely not.

Of course, there are probably other shots you’ve missed on Bitcoin. Price predictions (ouch), the short-term inflation hedge, or the amount of institutional investment. While all of these may be erroneous predictions in the short term, we have to realize that Bitcoin is a long arc. It will outlive all of us on the planet, and it will continue in its present form for the next generation.

Being wrong about the evolution of Bitcoin is no fault, and is indeed part of the learning curve to finally understanding it all.

When your family or friends ask you about Bitcoin after your endless sessions explaining market dynamics, nodes, how mining works, and the genius of cryptographic signatures, try to accept that there is still so much we have to learn about this decentralized digital cash.

There are still some things you’ve gotten wrong about Bitcoin, and plenty more you’ll underestimate or get wrong in the future. That’s what makes it a beautiful journey. It’s a long road, but one that remains worth it.

@ 9bcc5462:eb501d90

This event has been deleted; your client is ignoring the delete request.

@ ece127e2:745bab9c

vamos a ver que tal

@ 9bcc5462:eb501d90

Beyond Legacy

Louis Sullivan was a legendary architect, known as the "father of skyscrapers". He was among the first to embrace new tech, like steel frames and elevators which changed infrastructure development forever. Despite this, people want to see him as a cautionary tale since he wasn’t financially successful in his later years. Nikola Tesla too, suffered a lack of funds when he died. Even when brilliance doesn't always equal wealth, let's not overlook the fact that Sullivan's buildings still stand strong and kiss the sky. Meanwhile, electric cars today bear Tesla's name. These men were ahead of their time and noble for it. A testament that bank accounts die and visions live on.

Frank Lloyd Wright was Sullivan's protege and battled his fair share of demons as well, including scandals, professional criticism and debts until the day of his death. Yet, he was loyal to his mentor's vision of "form follows function" despite the brutal criticisms of it at the time. Like Sullivan, he refused the status quo of mimicking the ornamental European traditions. Instead, he developed his own "organic architecture" style, integrating the site and surroundings with the building. Using the aesthetic of horizontal lines, it would become known as his signature "Prairie Style". Wright would go on to produce innovative homes like Falling Water and Taliesin, which now serve as timeless beacons of unique American architecture.

Their memory challenges me: Do I have the cojones to put everything on the line for my startup, as they did for their vision? Although Learning Producers is in the field of learning experience design, we've been guided by "form follows function" in a landscape hellbent on mimicking conventional models. Bootstrapping as a first time founder feels like entering battle, armor clanking and shield raised. My enemy, a Goliath of stagnation.

I'm reminded in the scene from the movie Troy, where Achilles is made aware of a large enemy soldier he must combat. A boy commented to him, "The Thessalonian you're fighting, he's the biggest man I've ever seen. I wouldn't want to fight him." To which Achilles savagely replies, "That's why no one will remember your name."

@ 90c656ff:9383fd4e

Since its creation, Bitcoin has marked a turning point in the digital money revolution—but its evolution didn’t stop at the original concept of decentralized transactions. Over the years, new technological solutions have been developed to expand its capabilities, making it more efficient and versatile. Among these innovations, smart contracts and the Lightning Network stand out, enabling increased functionality and scalability of the network, and ensuring a faster, cheaper, and more accessible system.

Smart contracts on Bitcoin

Smart contracts are programs that automatically execute certain actions when predefined conditions are met. Although the concept is more commonly associated with other networks, Bitcoin also supports smart contracts, especially through upgrades like Taproot.

• Smart contracts on Bitcoin enable functionalities such as:

01 - Conditional payments: Transactions that are only completed if certain rules are met, such as multi-signatures or specific time conditions.

02 - Advanced fund management: Use of multi-signature wallets, where different parties must approve a transaction before it is processed.

03 - Enhanced privacy: With the Taproot upgrade, smart contracts can be more efficient and indistinguishable from regular transactions, improving privacy across the network.

Although smart contracts on Bitcoin are simpler than those on other platforms, this simplicity is a strength—it preserves the network's security and robustness by avoiding complex vulnerabilities.

Lightning Network: scalability and instant transactions

One of the biggest challenges Bitcoin faces is scalability. Since the original network was designed to prioritize security and decentralization, transaction speed can be limited during periods of high demand. To address this issue, the Lightning Network was created—a second-layer solution that enables near-instant transactions with extremely low fees.

The Lightning Network works by creating payment channels between users, allowing them to conduct multiple transactions off-chain and recording only the final balance on the main Bitcoin blockchain or timechain. Key advantages include:

01 - Speed: Transactions are completed in milliseconds, making Bitcoin more suitable for daily payments.

02 - Low fees: Since transactions occur off-chain, fees are minimal, allowing for viable microtransactions.

03 - Network decongestion: By moving many transactions to the Lightning Network, Bitcoin’s main chain becomes more efficient and less congested.

In summary, Bitcoin continues to evolve technologically to meet the demands of a global financial system. Smart contracts increase its functionality, offering greater flexibility and security in transactions. The Lightning Network improves scalability, making Bitcoin faster and more practical for everyday use. With these innovations, Bitcoin remains at the forefront of the financial revolution, proving that despite its initial limitations, it continues to adapt and grow as a truly decentralized and global monetary system.

Thank you very much for reading this far. I hope everything is well with you, and sending a big hug from your favorite Bitcoiner maximalist from Madeira. Long live freedom!

@ e31e84c4:77bbabc0

Bitcoin and Fixed Income was Written By Wyatt O’Rourke. If you enjoyed this article then support his writing, directly, by donating to his lightning wallet: ultrahusky3@primal.net

Fiduciary duty is the obligation to act in the client’s best interests at all times, prioritizing their needs above the advisor’s own, ensuring honesty, transparency, and avoiding conflicts of interest in all recommendations and actions.

This is something all advisors in the BFAN take very seriously; after all, we are legally required to do so. For the average advisor this is a fairly easy box to check. All you essentially have to do is have someone take a 5-minute risk assessment, fill out an investment policy statement, and then throw them in the proverbial 60/40 portfolio. You have thousands of investment options to choose from and you can reasonably explain how your client is theoretically insulated from any move in the \~markets\~. From the traditional financial advisor perspective, you could justify nearly anything by putting a client into this type of portfolio. All your bases were pretty much covered from return profile, regulatory, compliance, investment options, etc. It was just too easy. It became the household standard and now a meme.

As almost every real bitcoiner knows, the 60/40 portfolio is moving into psyop territory, and many financial advisors get clowned on for defending this relic on bitcoin twitter. I’m going to specifically poke fun at the ‘40’ part of this portfolio.

The ‘40’ represents fixed income, defined as…

An investment type that provides regular, set interest payments, such as bonds or treasury securities, and returns the principal at maturity. It’s generally considered a lower-risk asset class, used to generate stable income and preserve capital.

Historically, this part of the portfolio was meant to weather the volatility in the equity markets and represent the “safe” investments. Typically, some sort of bond.

First and foremost, the fixed income section is most commonly constructed with U.S. Debt. There are a couple main reasons for this. Most financial professionals believe the same fairy tale that U.S. Debt is “risk free” (lol). U.S. debt is also one of the largest and most liquid assets in the market which comes with a lot of benefits.

There are many brilliant bitcoiners in finance and economics that have sounded the alarm on the U.S. debt ticking time bomb. I highly recommend readers explore the work of Greg Foss, Lawrence Lepard, Lyn Alden, and Saifedean Ammous. My very high-level recap of their analysis:

• A bond is a contract in which Party A (the borrower) agrees to repay Party B (the lender) their principal plus interest over time.

• The U.S. government issues bonds (Treasury securities) to finance its operations after tax revenues have been exhausted.

• These are traditionally viewed as “risk-free” due to the government’s historical reliability in repaying its debts and the strength of the U.S. economy

• U.S. bonds are seen as safe because the government has control over the dollar (world reserve asset) and, until recently (20 some odd years), enjoyed broad confidence that it would always honor its debts.

• This perception has contributed to high global demand for U.S. debt but, that is quickly deteriorating.

• The current debt situation raises concerns about sustainability.

• The U.S. has substantial obligations, and without sufficient productivity growth, increasing debt may lead to a cycle where borrowing to cover interest leads to more debt.

• This could result in more reliance on money creation (printing), which can drive inflation and further debt burdens.

In the words of Lyn Alden “Nothing stops this train”

Those obligations are what makes up the 40% of most the fixed income in your portfolio. So essentially you are giving money to one of the worst capital allocators in the world (U.S. Gov’t) and getting paid back with printed money.

As someone who takes their fiduciary responsibility seriously and understands the debt situation we just reviewed, I think it’s borderline negligent to put someone into a classic 60% (equities) / 40% (fixed income) portfolio without serious scrutiny of the client’s financial situation and options available to them. I certainly have my qualms with equities at times, but overall, they are more palatable than the fixed income portion of the portfolio. I don’t like it either, but the money is broken and the unit of account for nearly every equity or fixed income instrument (USD) is fraudulent. It’s a paper mache fade that is quite literally propped up by the money printer.

To briefly be as most charitable as I can – It wasn’t always this way. The U.S. Dollar used to be sound money, we used to have government surplus instead of mathematically certain deficits, The U.S. Federal Government didn’t used to have a money printing addiction, and pre-bitcoin the 60/40 portfolio used to be a quality portfolio management strategy. Those times are gone.

Now the fun part. How does bitcoin fix this?

Bitcoin fixes this indirectly. Understanding investment criteria changes via risk tolerance, age, goals, etc. A client may still have a need for “fixed income” in the most literal definition – Low risk yield. Now you may be thinking that yield is a bad word in bitcoin land, you’re not wrong, so stay with me. Perpetual motion machine crypto yield is fake and largely where many crypto scams originate. However, that doesn’t mean yield in the classic finance sense does not exist in bitcoin, it very literally does. Fortunately for us bitcoiners there are many other smart, driven, and enterprising bitcoiners that understand this problem and are doing something to address it. These individuals are pioneering new possibilities in bitcoin and finance, specifically when it comes to fixed income.

Here are some new developments –

Private Credit Funds – The Build Asset Management Secured Income Fund I is a private credit fund created by Build Asset Management. This fund primarily invests in bitcoin-backed, collateralized business loans originated by Unchained, with a secured structure involving a multi-signature, over-collateralized setup for risk management. Unchained originates loans and sells them to Build, which pools them into the fund, enabling investors to share in the interest income.

Dynamics

• Loan Terms: Unchained issues loans at interest rates around 14%, secured with a 2/3 multi-signature vault backed by a 40% loan-to-value (LTV) ratio.
• Fund Mechanics: Build buys these loans from Unchained, thus providing liquidity to Unchained for further loan originations, while Build manages interest payments to investors in the fund.

Pros

• The fund offers a unique way to earn income via bitcoin-collateralized debt, with protection against rehypothecation and strong security measures, making it attractive for investors seeking exposure to fixed income with bitcoin.

Cons

• The fund is only available to accredited investors, which is a regulatory standard for private credit funds like this.

Corporate Bonds – MicroStrategy Inc. (MSTR), a business intelligence company, has leveraged its corporate structure to issue bonds specifically to acquire bitcoin as a reserve asset. This approach allows investors to indirectly gain exposure to bitcoin’s potential upside while receiving interest payments on their bond investments. Some other publicly traded companies have also adopted this strategy, but for the sake of this article we will focus on MSTR as they are the biggest and most vocal issuer.

Dynamics

• Issuance: MicroStrategy has issued senior secured notes in multiple offerings, with terms allowing the company to use the proceeds to purchase bitcoin.

• Interest Rates: The bonds typically carry high-yield interest rates, averaging around 6-8% APR, depending on the specific issuance and market conditions at the time of issuance.

• Maturity: The bonds have varying maturities, with most structured for multi-year terms, offering investors medium-term exposure to bitcoin’s value trajectory through MicroStrategy’s holdings.

Pros

• Indirect Bitcoin exposure with income provides a unique opportunity for investors seeking income from bitcoin-backed debt.

• Bonds issued by MicroStrategy offer relatively high interest rates, appealing for fixed-income investors attracted to the higher risk/reward scenarios.

Cons

• There are credit risks tied to MicroStrategy’s financial health and bitcoin’s performance. A significant drop in bitcoin prices could strain the company’s ability to service debt, increasing credit risk.

• Availability: These bonds are primarily accessible to institutional investors and accredited investors, limiting availability for retail investors.

Interest Payable in Bitcoin – River has introduced an innovative product, bitcoin Interest on Cash, allowing clients to earn interest on their U.S. dollar deposits, with the interest paid in bitcoin.

Dynamics

• Interest Payment: Clients earn an annual interest rate of 3.8% on their cash deposits. The accrued interest is converted to Bitcoin daily and paid out monthly, enabling clients to accumulate Bitcoin over time.

• Security and Accessibility: Cash deposits are insured up to $250,000 through River’s banking partner, Lead Bank, a member of the FDIC. All Bitcoin holdings are maintained in full reserve custody, ensuring that client assets are not lent or leveraged.

Pros

• There are no hidden fees or minimum balance requirements, and clients can withdraw their cash at any time.

• The 3.8% interest rate provides a predictable income stream, akin to traditional fixed-income investments.

Cons

• While the interest rate is fixed, the value of the Bitcoin received as interest can fluctuate, introducing potential variability in the investment’s overall return.

• Interest rate payments are on the lower side

Admittedly, this is a very small list, however, these types of investments are growing more numerous and meaningful. The reality is the existing options aren’t numerous enough to service every client that has a need for fixed income exposure. I challenge advisors to explore innovative options for fixed income exposure outside of sovereign debt, as that is most certainly a road to nowhere. It is my wholehearted belief and call to action that we need more options to help clients across the risk and capital allocation spectrum access a sound money standard.

Additional Resources

• River: The future of saving is here: Earn 3.8% on cash. Paid in Bitcoin.

• Onramp: Bitcoin, The Emergent Asset Class

• MicroStrategy: MicroStrategy Announces Pricing of Offering of Convertible Senior Notes

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Bitcoin and Fixed Income was Written By Wyatt O’Rourke. If you enjoyed this article then support his writing, directly, by donating to his lightning wallet: ultrahusky3@primal.net

@ 57c631a3:07529a8e

The Video: The World's Biggest Toddler

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

@ 90c656ff:9383fd4e

Throughout history, money has always been under the control of central authorities, such as governments and banks. These intermediaries have set the rules of the financial system, controlled the issuance of currency, and overseen transactions. However, with the emergence of Bitcoin, a new paradigm began to take shape: decentralized money. This transformation represents a profound shift in how people store and transfer value, challenging the traditional financial model.

• The traditional model: centralized money

01 - Dependence on intermediaries: To carry out transactions, people rely on banks, governments, and other regulatory entities.

02 - Inflation and devaluation: Central banks can print money endlessly, often leading to a loss in purchasing power.

03 - Censorship and restrictions: Access to money can be denied for political, bureaucratic, or institutional reasons, limiting individuals’ financial freedom.

Despite being the dominant model for centuries, the centralized system has shown its vulnerabilities through numerous economic and political crises. It was in this context that Bitcoin emerged as an innovative alternative.

• The revolution of decentralized money

01 - Elimination of intermediaries: Transactions can be made directly between users, without the need for banks or financial companies.

02 - Limited and predictable supply: Bitcoin has a fixed cap of 21 million units, preventing the inflation caused by excessive money printing.

03 - Censorship resistance: No entity can block or prevent transactions, ensuring full financial freedom.

04 - Self-custody: Each user can hold their own funds without relying on a bank or any other institution.

This paradigm shift has a significant impact not only on the financial system but also on how people interact with money and protect their wealth.

Challenges and opposition to financial decentralization

The transition to a decentralized financial system faces several challenges, the main one being resistance from traditional institutions. Banks and governments see Bitcoin as a threat to their control over money and seek to regulate or limit its adoption.

There are also technical and educational barriers. Many people still do not fully understand how Bitcoin works, which can hinder its adoption. However, as more people become aware of the benefits of decentralized money, its use is likely to grow.

In summary, the shift from a centralized financial system to a decentralized one represents one of the most significant transformations of the digital era. Bitcoin leads this movement by offering a censorship-resistant, transparent, and accessible alternative. Despite opposition from the traditional system, the decentralization of money continues to gain momentum, providing greater autonomy and financial freedom to people around the world. This revolution is not just technological, but also social and economic—redefining the way the world understands and uses money.

Thank you very much for reading this far. I hope everything is well with you, and sending a big hug from your favorite Bitcoiner maximalist from Madeira. Long live freedom!

@ 87730827:746b7d35

Original: https://techreport.com/crypto-news/brazil-central-bank-ban-monero-stablecoins/

Brazilian’s Central Bank Will Ban Monero and Algorithmic Stablecoins in the Country

Brazil proposes crypto regulations banning Monero and algorithmic stablecoins and enforcing strict compliance for exchanges.

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KEY TAKEAWAYS

• The Central Bank of Brazil has proposed regulations prohibiting privacy-centric cryptocurrencies like Monero.
• The regulations categorize exchanges into intermediaries, custodians, and brokers, each with specific capital requirements and compliance standards.
• While the proposed rules apply to cryptocurrencies, certain digital assets like non-fungible tokens (NFTs) are still ‘deregulated’ in Brazil.

In a Notice of Participation announcement, the Brazilian Central Bank (BCB) outlines regulations for virtual asset service providers (VASPs) operating in the country.

In the document, the Brazilian regulator specifies that privacy-focused coins, such as Monero, must be excluded from all digital asset companies that intend to operate in Brazil.

Let’s unpack what effect these regulations will have.

Brazil’s Crackdown on Crypto Fraud

If the BCB’s current rule is approved, exchanges dealing with coins that provide anonymity must delist these currencies or prevent Brazilians from accessing and operating these assets.

The Central Bank argues that currencies like Monero make it difficult and even prevent the identification of users, thus creating problems in complying with international AML obligations and policies to prevent the financing of terrorism.

According to the Central Bank of Brazil, the bans aim to prevent criminals from using digital assets to launder money. In Brazil, organized criminal syndicates such as the Primeiro Comando da Capital (PCC) and Comando Vermelho have been increasingly using digital assets for money laundering and foreign remittances.

… restriction on the supply of virtual assets that contain characteristics of fragility, insecurity or risks that favor fraud or crime, such as virtual assets designed to favor money laundering and terrorist financing practices by facilitating anonymity or difficulty identification of the holder.

– Notice of Participation

The Central Bank has identified that removing algorithmic stablecoins is essential to guarantee the safety of users’ funds and avoid events such as when Terraform Labs’ entire ecosystem collapsed, losing billions of investors’ dollars.

The Central Bank also wants to control all digital assets traded by companies in Brazil. According to the current proposal, the national regulator will have the power to ask platforms to remove certain listed assets if it considers that they do not meet local regulations.

However, the regulations will not include NFTs, real-world asset (RWA) tokens, RWA tokens classified as securities, and tokenized movable or real estate assets. These assets are still ‘deregulated’ in Brazil.

Monero: What Is It and Why Is Brazil Banning It?

Monero ($XMR) is a cryptocurrency that uses a protocol called CryptoNote. It launched in 2013 and ‘erases’ transaction data, preventing the sender and recipient addresses from being publicly known. The Monero network is based on a proof-of-work (PoW) consensus mechanism, which incentivizes miners to add blocks to the blockchain. 

Like Brazil, other nations are banning Monero in search of regulatory compliance. Recently, Dubai’s new digital asset rules prohibited the issuance of activities related to anonymity-enhancing cryptocurrencies such as $XMR.

Furthermore, exchanges such as Binance have already announced they will delist Monero on their global platforms due to its anonymity features. Kraken did the same, removing Monero for their European-based users to comply with MiCA regulations.

Data from Chainalysis shows that Brazil is the seventh-largest Bitcoin market in the world.

In Latin America, Brazil is the largest market for digital assets. Globally, it leads in the innovation of RWA tokens, with several companies already trading this type of asset.

In Closing

Following other nations, Brazil’s regulatory proposals aim to combat illicit activities such as money laundering and terrorism financing.

Will the BCB’s move safeguard people’s digital assets while also stimulating growth and innovation in the crypto ecosystem? Only time will tell.

References

Cassio Gusson is a journalist passionate about technology, cryptocurrencies, and the nuances of human nature. With a career spanning roles as Senior Crypto Journalist at CriptoFacil and Head of News at CoinTelegraph, he offers exclusive insights on South America’s crypto landscape. A graduate in Communication from Faccamp and a post-graduate in Globalization and Culture from FESPSP, Cassio explores the intersection of governance, decentralization, and the evolution of global systems.

View all articles by Cassio Gusson

@ bbb5dda0:f09e2747

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

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

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

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

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

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

Bright minds in Prague

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

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

Receipt.Cash

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

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

Source Code here.

@ b1ddb4d7:471244e7

The upcoming Bitcoin 2025 conference, scheduled from May 27–29 at the Venetian Conference Center in Las Vegas, is set to make history with an official attempt to break the GUINNESS WORLD RECORDS® title for the most Bitcoin point-of-sale transactions in an eight-hour period.

Organized by BTC Inc, the event will showcase Bitcoin’s evolution from a digital capital asset to a practical medium of exchange, leveraging the latest advancements in payment technology.

Tap-to-Pay with Lightning-Ready Bolt Cards

To facilitate this record-setting attempt, 4,000 Lightning-ready Bolt Cards will be distributed to conference attendees.

pic.twitter.com/Iy7P361u6u

— Uncle Rockstar Developer (@r0ckstardev) May 15, 2025

These NFC-enabled cards allow users to make instant, contactless Bitcoin payments at vendor booths throughout the expo-no apps or QR codes required, just a simple tap. 

The cards are available in four collectible designs, each featuring a prominent figure in Bitcoin’s history: Senator Cynthia Lummis, Michael Saylor, Satoshi Nakamoto, and Jack Dorsey. 

Each attendee will receive a randomly assigned card, making them both functional and collectible souvenirs.

Senator Lummis: A Playful Provocation

Notably, one of the card designs features Senator Cynthia Lummis with laser eyes-a playful nod to her reputation as a leading Bitcoin advocate in US politics. 

While Lummis is known for her legislative efforts to promote Bitcoin integration, she has publicly stated she prefers to “spend dollars and save Bitcoin,” viewing BTC as a long-term store of value rather than a daily currency. 

The choice to feature her on the Bolt Card, could be suggested by Rockstar Dev of the BTC Pay Server Foundation, perhaps a lighthearted way to highlight the ongoing debate about Bitcoin’s role in everyday payments.

Nothing cracks me up quite like a senator that wants the US to buy millions of Bitcoin use dollars to buy a beer at a Bitcoin bar.

This is how unserious some of you are. pic.twitter.com/jftIEggmip

— Magoo PhD (@HodlMagoo) April 4, 2025

How Bolt Cards and the Lightning Network Work

Bolt Cards are physical cards equipped with NFC (Near Field Communication) technology, similar to contactless credit or debit cards. When linked to a compatible Lightning wallet, they enable users to make Bitcoin payments over the Lightning Network by simply tapping the card at a point-of-sale terminal. 

The Lightning Network is a second-layer protocol built on top of Bitcoin, designed to facilitate instant, low-cost transactions ideal for everyday purchases. 

This integration aims to make Bitcoin as easy to use as traditional payment methods, eliminating the need for QR code scanning or mobile apps.

A Showcase for Bitcoin’s Real-World Usability

With over 30,000 attendees, 300 exhibitors, and 500 speakers expected, the Bitcoin 2025 conference is poised to be the largest Bitcoin event of the year-and potentially the most transactional. 

The event will feature on-site activations such as the Official Bitcoin Magazine Store, where all merchandise will be available at a 21% discount for those paying with Bitcoin via the Lightning Network-a nod to Bitcoin’s 21 million coin supply limit.

By deeply integrating Lightning payments into the conference experience, organizers hope to demonstrate Bitcoin’s readiness for mainstream commerce and set a new benchmark for its practical use as a currency.

Conclusion

The Guinness World Record attempt at Bitcoin 2025 is more than a publicity stunt-it’s a bold demonstration of Bitcoin’s technological maturity and its potential to function as a modern, everyday payment method.

Whether or not the record is set, the event will serve as a milestone in the ongoing journey to make Bitcoin a truly global, user-friendly currency

@ 472f440f:5669301e

Marty's Bent

via me

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

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

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

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

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

via NewsWire

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

via Lance Lambert

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

via Darth Powell

via Yahoo Finance

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

via Bitbo

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

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

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

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

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

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

Headlines of the Day

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

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

Get our new STACK SATS hat - via tftcmerch.io

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

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

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Final thought...

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

---

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

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@ b1ddb4d7:471244e7

Flash, an all-in-one Bitcoin payment platform, has announced the launch of Flash 2.0, the most intuitive and powerful Bitcoin payment solution to date.

With a completely redesigned interface, expanded e-commerce integrations, and a frictionless onboarding process, Flash 2.0 makes accepting Bitcoin easier than ever for businesses worldwide.

We did the unthinkable!

Website monetization used to be super complicated.

"Buy me a coffee" — But only if we both have a bank account.

WHAT IF WE DON'T?

Thanks to @paywflash and bitcoin, it's just 5 CLICKS – and no banks!

Start accepting donations on your website… pic.twitter.com/uwZUrvmEZ1

— Flash • The Bitcoin Payment Gateway (@paywflash) May 13, 2025

Accept Bitcoin in Three Minutes

Setting up Bitcoin payments has long been a challenge for merchants, requiring technical expertise, third-party processors, and lengthy verification procedures. Flash 2.0 eliminates these barriers, allowing any business to start accepting Bitcoin in just three minutes, with no technical set-up and full control over their funds.

The Bitcoin Payment Revolution

The world is witnessing a seismic shift in finance. Governments are backing Bitcoin funds, major companies are adding Bitcoin to their balance sheets, and political figures are embracing it as the future of money. Just as Stripe revolutionized internet payments, Flash is now doing the same for Bitcoin. Businesses that adapt today will gain a competitive edge in a rapidly evolving financial landscape.

With Bitcoin adoption accelerating, consumers are looking for places to spend it. Flash 2.0 ensures businesses of all sizes can seamlessly accept Bitcoin and position themselves at the forefront of this financial revolution.

All-in-One Monetization Platform

More than just a payment gateway, Flash 2.0 is a complete Bitcoin monetization suite, providing multiple ways for businesses to integrate Bitcoin into their operations. Merchants can accept payments online and in-store, content creators can monetize with donations and paywalls, and freelancers can send instant invoices via payment links.

For example, a jewelry designer selling products on WooCommerce can now integrate Flash for online payments, use Flash’s Point-of-Sale system at trade shows, enable Bitcoin donations for her digital artwork, and lock premium content behind Flash Paywalls. The possibilities are endless.

E-Commerce for Everyone

With built-in integrations for Shopify, WooCommerce, and soon Wix and OpenCart, Flash 2.0 enables Bitcoin payments on 95% of e-commerce stores worldwide. Businesses can now add Bitcoin as a payment option in just a few clicks—without needing developers or external payment processors.

And for those looking to start selling, Flash’s built-in e-commerce features allow users to create online stores, showcase products, and manage payments seamlessly.

No Middlemen, No Chargebacks, No Limits

Unlike traditional payment platforms, Flash does not hold or process funds. Businesses receive Bitcoin directly, instantly, and securely. There are no chargebacks, giving merchants full control over refunds and eliminating fraud. Flash also remains KYC-free, ensuring a seamless experience for businesses and customers alike.

A Completely Redesigned Experience

“The world is waking up to Bitcoin. Just like the internet revolutionized commerce, Bitcoin is reshaping finance. Businesses need solutions that are simple, efficient, and truly decentralized. Flash 2.0 is more than just a payment processor—it’s a gateway to the future of digital transactions, putting financial power back into the hands of businesses.”

— Pierre Corbin, CEO at Flash.

Flash 2.0 introduces a brand-new user interface, making it easier than ever to navigate, set up payments, and manage transactions. With an intuitive dashboard, streamlined checkout, and enhanced mobile compatibility, the platform is built for both new and experienced Bitcoin users.

About Flash

Flash is an all-in-one Bitcoin payment platform that empowers businesses, creators, and freelancers to accept, manage, and grow with Bitcoin. With a mission to make Bitcoin payments accessible to everyone, Flash eliminates complexity and gives users full control over their funds.

To learn more or get started, visit www.paywithflash.com.

Press Contact:

Julien Bouvier
Head of Marketing
+3360941039

@ af9c48b7:a3f7aaf4

Chef's notes

This simple, easy, no bake desert will surely be the it at you next family gathering. You can keep it a secret or share it with the crowd that this is a healthy alternative to normal pie. I think everyone will be amazed at how good it really is.

Details

• ⏲️ Prep time: 30
• 🍳 Cook time: 0
• 🍽️ Servings: 8

Ingredients

• 1/3 cup of Heavy Cream- 0g sugar, 5.5g carbohydrates
• 3/4 cup of Half and Half- 6g sugar, 3g carbohydrates
• 4oz Sugar Free Cool Whip (1/2 small container) - 0g sugar, 37.5g carbohydrates
• 1.5oz box (small box) of Sugar Free Instant Chocolate Pudding- 0g sugar, 32g carbohydrates
• 1 Pecan Pie Crust- 24g sugar, 72g carbohydrates

Directions

1. The total pie has 30g of sugar and 149.50g of carboydrates. So if you cut the pie into 8 equal slices, that would come to 3.75g of sugar and 18.69g carbohydrates per slice. If you decided to not eat the crust, your sugar intake would be .75 gram per slice and the carborytrates would be 9.69g per slice. Based on your objective, you could use only heavy whipping cream and no half and half to further reduce your sugar intake.
2. Mix all wet ingredients and the instant pudding until thoroughly mixed and a consistent color has been achieved. The heavy whipping cream causes the mixture to thicken the more you mix it. So, I’d recommend using an electric mixer. Once you are satisfied with the color, start mixing in the whipping cream until it has a consistent “chocolate” color thorough. Once your satisfied with the color, spoon the mixture into the pie crust, smooth the top to your liking, and then refrigerate for one hour before serving.

@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ fd208ee8:0fd927c1

You have no idea

I regularly read comments from people, on here, wondering how it's possible to marry -- or even simply be friends! -- with someone who doesn't agree with you on politics. I see this sentiment expressed quite often, usually in the context of Bitcoin, or whatever pig is currently being chased through the village, as they say around here.

It seems rather sensible, but I don't think it's as hard, as people make it out to be. Further, I think it's a dangerous precondition to set, for your interpersonal relationships, because the political field is constantly in flux. If you determine who you will love, by their opinions, do you stop loving them if their opinions change, or if the opinions they have become irrelevant and a new set of opinions are needed -- and their new ones don't match your new ones? We could see this happen to relationships en masse, during the Covid Era, and I think it happens every day, in a slow grind toward the disintegration of interpersonal discourse.

I suspect many people do stop loving, at that point, as they never really loved the other person for their own sake, they loved the other person because they thought the other person was exactly like they are. But no two people are alike, and the longer you are in a relationship with someone else, the more the initial giddiness wears off and the trials and tribulations add up, the more you notice how very different you actually are. This is the point, where best friends and romantic couples say, We just grew apart.

But you were always apart. You were always two different people. You just didn't notice, until now.

I've also always been surprised at how many same-party relationships disintegrate because of some disagreement over some particular detail of some particular topic, that they generally agree on. To me, it seems like an irrelevant side-topic, but they can't stand to be with this person... and they stomp off. So, I tend to think that it's less that opinions need to align to each other, but rather than opinions need to align in accordance with the level of interpersonal tolerance they can bring into the relationship.

I was raised by relaxed revolutionaries

Maybe I see things this way because my parents come from two diverging political, cultural, national, and ethnic backgrounds, and are prone to disagreeing about a lot of "important" (to people outside their marriage) things, but still have one of the healthiest, most-fruitful, and most long-running marriages of anyone I know, from that generation. My parents, you see, aren't united by their opinions. They're united by their relationship, which is something outside of opinions. Beyond opinions. Relationships are what turn two different people into one, cohesive unit, so that they slowly grow together. Eventually, even their faces merge, and their biological clocks tick to the same rhythm. They eventually become one entity that contains differing opinions about the same topics.

It's like magic, but it's the result of a mindset, not a worldview. Or, as I like to quip:

The best way to stay married, is to not get divorced.

My parents simply determined early on, that they would stay together, and whenever they would find that they disagreed on something that didn't directly pertain to their day-to-day existence with each other they would just agree-to-disagree about that, or roll their eyes, and move on. You do you. Live and let live.

My parents have some of the most strongly held personal opinions of any people I've ever met, but they're also incredibly tolerant and can get along with nearly anyone, so their friends are a confusing hodgepodge of people we liked and found interesting enough to keep around. Which makes their house parties really fun, and highly unusual, in this day and age of mutual-damnation across the aisle.

The things that did affect them, directly, like which school the children should attend or which country they should live in, etc. were things they'd sit down and discuss, and somehow one opinion would emerge, and they'd again... move on.

And that's how my husband and I also live our lives, and it's been working surprisingly well. No topics are off-limits to discussion (so long as you don't drone on for too long), nobody has to give up deeply held beliefs, or stop agitating for the political decisions they prefer.

You see, we didn't like that the other always had the same opinion. We liked that the other always held their opinions strongly. That they were passionate about their opinions. That they were willing to voice their opinions; sacrifice to promote their opinions. And that they didn't let anyone browbeat or cow them, for their opinions, not even their best friends or their spouse. But that they were open to listening to the other side, and trying to wrap their mind around the possibility that they might just be wrong about something.

We married each other because we knew: this person really cares, this person has thought this through, and they're in it, to win it. What "it" is, is mostly irrelevant, so long as it doesn't entail torturing small animals in the basement, or raising the children on a diet of Mountain Dew and porn, or something.

Live and let live. At least, it's never boring. At least, there's always something to ~~argue~~ talk about. At least, we never think... we've just grown apart.

@ 4ba8e86d:89d32de4

Tutorial feito por Grom mestre⚡poste original abaixo:

http://xh6liiypqffzwnu5734ucwps37tn2g6npthvugz3gdoqpikujju525yd.onion/240277/tutorial-criando-e-acessando-sua-conta-de-email-pela-i2p?show=240277#q240277

Bom dia/tarde/noite a todos os camaradas. Seguindo a nossa série de tutoriais referentes a tecnologias essenciais para a segurança e o anonimato dos usuários, sendo as primeiras a openPGP e a I2P, lhes apresento mais uma opção para expandir os seus conhecimentos da DW. Muitos devem conhecer os serviços de mail na onion como DNMX e mail2tor, mas e que tal um serviço de email pela I2P. Nesse tutorial eu vou mostrar a vocês como criar a sua primeira conta no hq.postman.i2p e a acessar essa conta.

É importante que vocês tenham lido a minha primeira série de tutoriais a respeito de como instalar, configurar e navegar pela I2P nostr:nevent1qqsyjcz2w0e6d6dcdeprhuuarw4aqkw730y542dzlwxwssneq3mwpaspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzt4r5x6tvh39kujvmu8egqdyvf84e3w4e0mq0ckswamfwcn5eduspsgqqqqqqsyp5vcq Esse tutorial é um pré-requisito para o seguinte e portanto recomendo que leia-os antes de prosseguir com o seguinte tutorial. O tutorial de Kleopatra nostr:nevent1qqs8h7vsn5j6qh35949sa60dms4fneussmv9jd76n24lsmtz24k0xlqzyp9636rd9ktcjmwfxd7ru5qxjxyn6uch2uhas8utg8wa5hvf6vk7gqcyqqqqqqgecq8f7 é complementar dado que é extremamente recomendado assinar e criptografar as mensagens que seguem por emails pela DW. Sem mais delongas, vamos ao tutorial de fato.

1. Criando uma conta de email no hq.postman

Relembrando: Esse tutorial considera que você já tenha acesso à I2P. Entre no seu navegador e acesse o endereço hq.postman.i2p. O roteador provavelmente já contém esse endereço no seu addressbook e não haverá a necessidade de inserir o endereço b32 completo. Após entrar no site vá para a página '1 - Creating a mailbox' https://image.nostr.build/d850379fe315d2abab71430949b06d3fa49366d91df4c9b00a4a8367d53fcca3.jpg

Nessa página, insira as credenciais de sua preferências nos campos do formulário abaixo. Lembre-se que o seu endereço de email aceita apenas letras e números. Clique em 'Proceed' depois que preencher todos os campos. https://image.nostr.build/670dfda7264db393e48391f217e60a2eb87d85c2729360c8ef6fe0cf52508ab4.jpg

Uma página vai aparecer pedindo para confirmar as credenciais da sua nova conta. Se tudo estiver certo apenas clique em 'Confirm and Create Mailbox'. Se tudo ocorrer como conforme haverá uma confirmação de que a sua nova conta foi criada com sucesso. Após isso aguarde por volta de 5 minutos antes de tentar acessá-la, para que haja tempo suficiente para o servidor atualizar o banco de dados. https://image.nostr.build/ec58fb826bffa60791fedfd9c89a25d592ac3d11645b270c936c60a7c59c067f.jpg https://image.nostr.build/a2b7710d1e3cbb36431acb9055fd62937986b4da4b1a1bbb06d3f3cb1f544fd3.jpg

Pronto! Sua nova conta de email na I2P foi criada. Agora vamos para a próxima etapa: como acessar a sua conta via um cliente de email.

2. Configurando os túneis cliente de SMTP e POP3

O hq.postman não possui um cliente web que nos permite acessar a nossa conta pelo navegador. Para isso precisamos usar um cliente como Thunderbird e configurar os túneis cliente no I2Pd que serão necessários para o Thunderbird se comunicar com o servidor pela I2P.

Caso não tenha instalado o Thunderbird ainda, faça-o agora antes de prosseguir.

Vamos configurar os túneis cliente do servidor de email no nosso roteador. Para isso abra um terminal ou o seu gestor de arquivos e vá para a pasta de configuração de túneis do I2P. Em Linux esse diretório se localiza em /etc/i2pd/tunnels.d. Em Windows, essa pasta se localiza em C:\users\user\APPDATA\i2pd. Na pasta tunnels.d crie dois arquivos: smtp.postman.conf e pop-postman.conf. Lembre-se que em Linux você precisa de permissões de root para escrever na pasta de configuração. Use o comando sudoedit para isso.

Edite-os conforme as imagens a seguir:

Arquivo pop-postman.conf https://image.nostr.build/7e03505c8bc3b632ca5db1f8eaefc6cecb4743cd2096d211dd90bbdc16fe2593.jpg

Arquivo smtp-postman.conf https://image.nostr.build/2d06c021841dedd6000c9fc2a641ed519b3be3c6125000b188842cd0a5af3d16.jpg

Salve os arquivos e reinicie o serviço do I2Pd. Em Linux isso é feito pelo comando: sudo systemctl restart i2pd Entre no Webconsole do I2Pd pelo navegador (localhost:7070) e na seção I2P Tunnels, verifique se os túneis pop-postman e smtp-postman foram criados, caso contrário verifique se há algum erro nos arquivos e reinicie o serviço.

Com os túneis cliente criados, vamos agora configurar o Thunderbird

3. Configurando o Thunderbird para acessar a nossa conta

Abra o Thunderbird e clique em criar uma nova conta de email. Se você não tiver nenhum conta previamente presente nele você vai ser diretamente recebido pela janela de criação de conta a seguir. https://image.nostr.build/e9509d7bd30623716ef9adcad76c1d465f5bc3d5840e0c35fe4faa85740f41b4.jpg https://image.nostr.build/688b59b8352a17389902ec1e99d7484e310d7d287491b34f562b8cdd9dbe8a99.jpg

Coloque as suas credenciais, mas não clique ainda em Continuar. Clique antes em Configure Manually, já que precisamos configurar manualmente os servidores de SMTP e POP3 para, respectivamente, enviar e receber mensagens.

Preencha os campos como na imagem a seguir. Detalhe: Não coloque o seu endereço completo com o @mail.i2p, apenas o nome da sua conta. https://image.nostr.build/4610b0315c0a3b741965d3d7c1e4aff6425a167297e323ba8490f4325f40cdcc.jpg

Clique em Re-test para verificar a integridade da conexão. Se tudo estiver certo uma mensagem irá aparecer avisando que as configurações do servidores estão corretas. Clique em Done assim que estiver pronto para prosseguir. https://image.nostr.build/8a47bb292f94b0d9d474d4d4a134f8d73afb84ecf1d4c0a7eb6366d46bf3973a.jpg

A seguinte mensagem vai aparecer alertando que não estamos usando criptografia no envio das credenciais. Não há problema nenhum aqui, pois a I2P está garantindo toda a proteção e anonimato dos nossos dados, o que dispensa a necessidade de uso de TLS ou qualquer tecnologia similar nas camadas acima. Marque a opção 'I Understand the risks' e clique em 'Continue' https://image.nostr.build/9c1bf585248773297d2cb1d9705c1be3bd815e2be85d4342227f1db2f13a9cc6.jpg

E por fim, se tudo ocorreu como devido sua conta será criada com sucesso e você agora será capaz de enviar e receber emails pela I2P usando essa conta. https://image.nostr.build/8ba7f2c160453c9bfa172fa9a30b642a7ee9ae3eeb9b78b4dc24ce25aa2c7ecc.jpg

4. Observações e considerações finais

Como informado pelo próprio site do hq.postman, o domínio @mail.i2p serve apenas para emails enviados dentro da I2P. Emails enviados pela surface devem usar o domínio @i2pmai.org. É imprescindível que você saiba usar o PGP para assinar e criptografar as suas mensagens, dado que provavelmente as mensagens não são armazenadas de forma criptografada enquanto elas estão armazenadas no servidor. Como o protocolo POP3 delete as mensagens no imediato momento em que você as recebe, não há necessidade de fazer qualquer limpeza na sua conta de forma manual.

Por fim, espero que esse tutorial tenha sido útil para vocês. Que seu conhecimento tenha expandido ainda mais com as informações trazidas aqui. Até a próxima.

@ e4950c93:1b99eccd

Contenu à venir.

En savoir plus sur Wikipedia

@ 39cc53c9:27168656

Read the original blog post

After almost 3 months of work, we've completed the redesign of kycnot.me. More modern and with many new features.

Privacy remains the foundation - everything still works with JavaScript disabled. If you enable JS, you will get some nice-to-have features like lazy loading and smoother page transitions, but nothing essential requires it.

User Accounts

We've introduced user accounts that require zero personal information:

• Secret user tokens - no email, no phone number, no personal data
• Randomly generated usernames for default privacy and fairness
• Karma system that rewards contributions and unlocks features: custom display names, profile pictures, and more.

Reviews and Community Discussions

On the previous sites, I was using third party open source tools for the comments and discussions. This time, I've built my own from scratch, fully integrated into the site, without JavaScript requirements.

Everyone can share their experiences and help others make informed decisions:

• Ratings: Comments can have a 1-5 star rating attached. You can have one rating per service and it will affect the overall user score.
• Discussions: These are normal comments, you can add them on any listed service.

Comment Moderation

I was strugling to keep up with moderation on the old site. For this, we've implemented an AI-powered moderation system that:

• Auto-approves legitimate comments instantly
• Flags suspicious content for human review
• Keeps discussions valuable by minimizing spam

The AI still can mark comments for human review, but most comments will get approved automatically by this system. The AI also makes summaries of the comments to help you understand the overall sentiment of the community.

Powerful Search & Filtering

Finding exactly what you need is now easier:

• Advanced filtering system with many parameters. You can even filter by attributes to pinpoint services with specific features.

The results are dynamic and shuffle services with identical scores for fairness.

See all listings

Listings are now added as 'Community Contributed' by default. This means that you can still find them in the search results, but they will be clearly marked as such.

Updated Scoring System

New dual-score approach provides more nuanced service evaluations:

• Privacy Score: Measures how well a service protects your personal information and data

• Trust Score: Assesses reliability, security, and overall reputation

• Combined into a weighted Overall Score for quick comparisons

• Completely transparent and open source calculation algorithm. No manual tweaking or hidden factors.

AI-Powered Terms of Service Analysis

Basically, a TLDR summary for Terms of Service:

• Automated system extracts the most important points from complex ToS documents
• Clear summaries
• Updated monthly to catch any changes

The ToS document is hashed and only will be updated if there are any changes.

Service Events and Timelines

Track the complete history of any service, on each service page you can see the timeline of events. There are two types of events:

• Automatic events: Created by the system whenever something about a service changes, like its description, supported currencies, attributes, verification status…
• Manual events: Added by admins when there’s important news, such as a service going offline, being hacked, acquired, shut down, or other major updates.

There is also a global timeline view available at /events

Notification System

Since we now have user accounts, we built a notifiaction system so you can stay informed about anything:

• Notifications for comment replies and status changes
• Watch any comment to get notified for new replies.
• Subscribe to services to monitor events and updates
• Notification customization.

Coming soon: Third-party privacy-preserving notifications integration with Telegram, Ntfy.sh, webhooks...

Service Suggestions

Anyone with an account can suggest a new service via the suggestion form. After submitting, you'll receive a tracking page where you can follow the status of your suggestion and communicate directly with admins.

All new suggestions start as "unlisted" — they won't appear in search results until reviewed. Our team checks each submission to ensure it's not spam or inappropriate. If similar services already exist, you'll be shown possible duplicates and can choose to submit your suggestion as an edit instead.

You can always check the progress of your suggestion, respond to moderator questions, and see when it goes live, everything will also be notified to your account. This process ensures high-quality listings and a collaborative approach to building the directory.

---

These are some of the main features we already have, but there are many more small changes and improvements that you will find when using the site.

What's Next?

This is just the beginning. We will be constantly working to improve KYCnot.me and add more features that help you preserve your privacy.

Remember: True financial freedom requires the right to privacy. Stay KYC-free!

@ 3bf0c63f:aefa459d

Nostr: a quick introduction, attempt #2

Nostr doesn't subscribe to any ideals of "free speech" as these belong to the realm of politics and assume a big powerful government that enforces a common ruleupon everybody else.

Nostr instead is much simpler, it simply says that servers are private property and establishes a generalized framework for people to connect to all these servers, creating a true free market in the process. In other words, Nostr is the public road that each market participant can use to build their own store or visit others and use their services.

(Of course a road is never truly public, in normal cases it's ran by the government, in this case it relies upon the previous existence of the internet with all its quirks and chaos plus a hand of government control, but none of that matters for this explanation).

More concretely speaking, Nostr is just a set of definitions of the formats of the data that can be passed between participants and their expected order, i.e. messages between clients (i.e. the program that runs on a user computer) and relays (i.e. the program that runs on a publicly accessible computer, a "server", generally with a domain-name associated) over a type of TCP connection (WebSocket) with cryptographic signatures. This is what is called a "protocol" in this context, and upon that simple base multiple kinds of sub-protocols can be added, like a protocol for "public-square style microblogging", "semi-closed group chat" or, I don't know, "recipe sharing and feedback".

@ b1ddb4d7:471244e7

Starting January 1, 2026, the United Kingdom will impose some of the world’s most stringent reporting requirements on cryptocurrency firms.

All platforms operating in or serving UK customers-domestic and foreign alike-must collect and disclose extensive personal and transactional data for every user, including individuals, companies, trusts, and charities. 

This regulatory drive marks the UK’s formal adoption of the OECD’s Crypto-Asset Reporting Framework (CARF), a global initiative designed to bring crypto oversight in line with traditional banking and to curb tax evasion in the rapidly expanding digital asset sector.

What Will Be Reported?

Crypto firms must gather and submit the following for each transaction:

• User’s full legal name, home address, and taxpayer identification number
• Detailed data on every trade or transfer: type of cryptocurrency, amount, and nature of the transaction
• Identifying information for corporate, trust, and charitable clients

The obligation extends to all digital asset activities, including crypto-to-crypto and crypto-to-fiat trades, and applies to both UK residents and non-residents using UK-based platforms. The first annual reports covering 2026 activity are due by May 31, 2027.

Enforcement and Penalties

Non-compliance will carry stiff financial penalties, with fines of up to £300 per user account for inaccurate or missing data-a potentially enormous liability for large exchanges. The UK government has urged crypto firms to begin collecting this information immediately to ensure operational readiness.

Regulatory Context and Market Impact

This move is part of a broader UK strategy to position itself as a global fintech hub while clamping down on fraud and illicit finance. UK Chancellor Rachel Reeves has championed these measures, stating, “Britain is open for business – but closed to fraud, abuse, and instability”. The regulatory expansion comes amid a surge in crypto adoption: the UK’s Financial Conduct Authority reported that 12% of UK adults owned crypto in 2024, up from just 4% in 2021.

Enormous Risks for Consumers: Lessons from the Coinbase Data Breach

While the new framework aims to enhance transparency and protect consumers, it also dramatically increases the volume of sensitive personal data held by crypto firms-raising the stakes for cybersecurity.

The risks are underscored by the recent high-profile breach at Coinbase, one of the world’s largest exchanges.

In May 2025, Coinbase disclosed that cybercriminals, aided by bribed offshore contractors, accessed and exfiltrated customer data including names, addresses, government IDs, and partial bank details. 

The attackers then used this information for sophisticated phishing campaigns, successfully deceiving some customers into surrendering account credentials and funds.

“While private encryption keys remained secure, sufficient customer information was exposed to enable sophisticated phishing attacks by criminals posing as Coinbase personnel.”

Coinbase now faces up to $400 million in compensation costs and has pledged to reimburse affected users, but the incident highlights the systemic vulnerability created when large troves of personal data are centralized-even if passwords and private keys are not directly compromised. The breach also triggered a notable drop in Coinbase’s share price and prompted a $20 million bounty for information leading to the attackers’ capture.

The Bottom Line

The UK’s forthcoming crypto reporting regime represents a landmark in financial regulation, promising greater transparency and tax compliance. However, as the Coinbase episode demonstrates, the aggregation of sensitive user data at scale poses a significant cybersecurity risk.

As regulators push for more oversight, the challenge will be ensuring that consumer protection does not become a double-edged sword-exposing users to new threats even as it seeks to shield them from old ones.