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@ 91117f2b:111207d6
2025-05-29 20:10:10Technology has transformed the way we work, live , and interact with one another. From the invention of the wheel to the development of artificial intelligence, technology has continuously evolved, bringing about many significant changes in various aspects of our daily lives.
Key Aspects of Technology:
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Communication: Technology has revolutionized communication, enabling instant connections across the globe through smartphones, social media, and messaging apps and other network connections.
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Automation and Efficiency: Technology has increased productivity and efficiency in various industries, from manufacturing to healthcare, through automation and digital tools.
3 . Information Access: The internet has made it possible to access vast amounts of information, knowledge, and resources at our fingertips.
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Challenges and Concerns: While technology offers numerous benefits, it also raises concerns about privacy, security, and the impact on traditional industries and social structures.
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Innovation and Creativity: Technology has enabled new forms of creativity, innovation, and entrepreneurship, driving economic growth and development.
The Future of Technology:
As technology continues to advance, we can expect even more significant changes in the way we live and work. Emerging technologies like artificial intelligence, blockchain, and the Internet of Things (IoT) hold great promise for transforming industries and improving lives.
By understanding the evolution and impact of technology, we can harness its potential to create a better future for all.
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@ 8bad92c3:ca714aa5
2025-05-29 20:02:59Key Takeaways
In this episode, Bram Kanstein delivers a powerful exploration of how studying money for thousands of hours led him to a single, life-changing conclusion: Bitcoin is the key to preserving value and reclaiming personal agency in an increasingly unstable world. Through the lens of a disillusioned millennial generation—raised with technological optimism but betrayed by economic reality—Bram exposes the fiat system as one built on illusion, debt, and diminishing returns. He explains how Bitcoin’s transparent, rule-based design offers a principled alternative, especially for those wired to question systems and seek truth. Describing the fiat economy as a “high-velocity trash system” that undermines innovation and long-term planning, he argues Bitcoin creates the time and space to think, build, and live freely. As AI reshapes the labor market, Bram sees Bitcoin as a vital foundation for individuals to adapt, maintain sovereignty, and thrive in a future defined by rapid technological disruption.
Best Quotes
“Anything that you would want to fix in the world is broken because the money is broken.”
“You’re stacking nothing. Literal paper.”
“You have to red pill before you orange pill.”
“The only thing you need to do is move to the other money that they cannot mess with.”
“One Bitcoin is one Bitcoin. That’s the whole point.”
“Millennials are primed to understand Bitcoin.”
“Bitcoin lets you get out of the rat race and start walking your own path.”
“The fiat mindset is a zero-sum game. In Bitcoin, value is created.”
“We should stop asking how to value Bitcoin—and start asking how to value everything else in Bitcoin.”
“Even with a master’s in economics, people still don’t understand what money is.”
Conclusion
This episode delivers a powerful call to rethink everything we assume about money, arguing that understanding Bitcoin is less about profit and more about reclaiming personal agency in a world defined by uncertainty. Bram Kanstein shows how asking fundamental questions—like “What is money?”—can lead to a deeper sense of purpose and autonomy. As AI and systemic instability accelerate, Bitcoin emerges not just as sound money, but as a life tool for intentional living, long-term thinking, and individual sovereignty.
Timestamps
0:00 - Intro
0:36 - INTJ bitcoiners
4:58 - The millennial headspace is primed for bitcoin
7:25 - Bitcoin gives time and space to build
15:29 - Fold & Bitkey
17:05 - Seeing systemic problems
26:25 - Bitcoin’s positive feedback loop
33:55 - Recognize your agency
37:58 - Unchained
38:27 - Fiat money creates uncertainty
44:41 - What is money?
54:04 - Money and energy
1:03:43 - Bitcoin allows growth
1:09:02 - Bitcoin/AI
1:31:34 - Optimistic noteTranscript
(00:00) Let's say you're a millennial and mid-30s and you want to retire in 30 years. If you calculate the amount of dollar, pound the euro, yen units. You need way more units of that money than you think right now. They are funding pension funds, but the pension funds are using that money for the people that are actually retiring.
(00:17) No one knows about money. They don't know how debt works, how finance works. But that's kind of how it's designed, right? Like that's what eventually keeps the Ponzi alive. And I just started with the question, what do you think happens if you call the bank and say like, hey, can I get 100 or 200k in cash? Man, you got an editor like in house.
(00:39) That's That's pro. That's uh it's because this setup I'm so far away from the computer. I just need somebody to hit the button. Okay. Okay. the extent the extent of of Logan's job extends far beyond just hitting the button. But yeah, INTJ I think uh I think it was as we rear into what looks to be another bull market.
(01:05) I think getting back to first principles and discussing the challenges of studying and understanding Bitcoin, it's important to to highlight the archetype of individuals who have studied fallen down the rabbit hole and really dedicated their lives to Bitcoin. And this INTJ cohort that exists within Bitcoin seems pretty material apparently. Yeah.
(01:35) I mean, I have many moments where I just realize that I'm lucky that my brain is wired in a certain way, you know. I feel like crazy blessed that I figured out this Bitcoin thing, you know, and that when I ran into certain realizations along the way in my Bitcoin journey that I was like, hm, you know, how does this actually work? you know, do I actually understand the systems I'm participating in, the things that I believe, you know, the the the the people that I abstracted um or or outsourced certain responsibilities to to take care of, for example, my money
(02:10) in the bank. You know, I I think um being wired in a certain way definitely helps in grasping Bitcoin to a degree where you're like, okay, this is the only thing I need to pay attention to, you know, in my life. And yeah, we we jokingly started talking about this because I have the hat here, but there was this um I think it was like like a Twitter poll actually or someone shared it on Twitter and this is already like two or three years old where where someone investigated these MyersBriggs um personality types and I think there's
(02:42) only like 2% of people that have INTJ but like 20% of Bitcoiners have that personality type. So it um it apparently helps. So yeah, I just I just quickly Googled it actually. It says uh the INTJ is the architect. It's a personality type with the introverted intuitive thinking and judging traits. These thoughtful tacticians love perfecting the details of life, applying creativity and rationality to everything they do.
(03:09) I think the rationality part here is what um what uh I think helps you to to gro Bitcoin eventually. Yeah, it reminds me of I forget what the study was, but postco it was a similar distribution of just like 2% of people were highly skeptical of what was going on with the lockdowns and the attack on bodily autonomy.
(03:38) And there was a study that was done about I forget it was bees or some type of fly that they they have like the horde of um the horde of the particular fly I think it was bees has like 2% act as these sort of alarm bells that are on the outside the outskirts of the community and they'll start communicating like hey something's wrong here and people the other flies or bees will be skeptical at first but then eventually uh the alarm bells will be proven to be right that there was some sort of danger around the corner. That's fascinating.
(04:09) Yeah. Yeah, that's fascinating. I I think we're not that special eventually, you know, like we think we have all this autonomy, but but um yeah, we're we're just wired in a certain way. And I think I don't know where you want to take this conversation, but I think, you know, part of growing up and being an adult is figuring out, you know, how do I actually work and how do I work with how I work, you know? Yeah. No, it is.
(04:36) And as I get older, creep into my mid-30s, which is hard hard to come to grips with, it is uh really falling back on like, all right, I I feel like I have a good perspective on the world and my place in it, and how do I just optimize to make sure I'm aligning my my work and my career, I guess, if you call it that, with what I'm passionate about. Yeah.
(05:00) Well, I also think that is actually why our generation, you know, my my podcast is Bitcoin for millennials. I think uh the millennials are primed to understand Bitcoin. You know, we are in this life phase where big things happen, you know, starting a family or settling somewhere or or making big career moves or decide Yeah.
(05:25) like deciding what am I going to spend like the next 10 20 years on and uh I think it's an interesting phase actually I I don't know how that was for you but but for me like the the 30s were really where I dove more and more into Bitcoin like got got that stronger conviction and also yeah kind of was invited to go further down that that rabbit hole you know and like how I see it now is that that Bitcoin is really the foundation for the rest of my life, you know, like it it gives me time and space to look forward and enthusiasm, you know, like I sometimes lurk on the
(06:01) millennial subreddit, you know, or the finance sub subreddit. And many people in our generation are very nihilistic, you know, they're very unsure about the future. Like some people aren't even having kids because they think they cannot afford it, you know. And uh whenever I read that, I just think like, yeah, I I don't really have those things.
(06:22) But I know it's because of Bitcoin, you know. I I know that Bitcoin gives me, yeah, like I said, the time and space to figure out what's next, like what should I focus on? Like it gives time and space to to try out stuff, to build something, you know, to to to really attempt at at doing something. Where I see many people that don't see that, they are more in the consumer type, you know, like they they just spend the money that's worth the most today, you know, like that's what they're incentivized to do. Yeah.
(06:49) And is is that why you started Bitcoin for millennials is to number one put the put the message out there. Millennials come listen to this. One of you Yes. that is trying to educate you about this. But because this is something I think about a lot is somebody's like dead smack in the middle of the millennial generation and has observed many of the things you just described in my own life, my own network.
(07:13) And that's part of the reason why this podcast exists. And um what I'm trying to do at TFTC is just try to figure out a way to reach into the minds of millennials, hopefully c -
@ 9ca447d2:fbf5a36d
2025-05-29 20:02:40When making critical decisions about investments, company acquisitions, or capital deployment, organizations rely on a fundamental tool: the hurdle rate. This is the minimum rate of return that a project or investment must achieve to be considered viable by managers or investors.
The hurdle rate is not just a number — it’s a filter that separates promising opportunities from those that don’t justify the risk.
It acts as a crucial benchmark. If the expected return on an investment falls below the hurdle rate, that opportunity is typically rejected.
Setting this rate involves a careful consideration of several factors, including the company’s cost of capital, specific risk profile, inflation rates, and opportunity cost of allocating resources elsewhere.
In essence, the hurdle rate ensures that only projects with the potential to create real value move forward.
Bitcoin has emerged as a disruptive and compelling candidate for a new kind of hurdle rate in capital allocation. Its unique properties challenge the conventions of traditional finance and invite a new thought pattern of what’s considered an appropriate benchmark.
Bitcoin’s fixed supply (capped at 21 million), and its decentralized, borderless nature makes it fundamentally resistant to inflation and debasement, unlike fiat currencies that can be printed at will by central banks.
Here’s the real question for investors and fund managers: if your portfolio or fund consistently fails to outperform bitcoin, at what point do you simply start allocating to bitcoin instead?
This isn’t rocket science. Over the past decade, bitcoin has not only outperformed traditional assets, but has also redefined what investors should expect as a minimum acceptable rate.
Asset classes comparison since 2013 — Seeking Alpha
The numbers speak for themselves.
From 2013-2023, bitcoin delivered the highest annual return in 8 out of those 11 years. This is not a fluke or a bubble, it’s a decade-long trend that demands attention from anyone serious about capital growth.
Typically, most investment managers use the S&P 500 as their benchmark hurdle rate. Will their potential investment generate more return than the S&P? If not, it’s usually dismissed.
Since 1970, the S&P 500 has provided an average annual return of 10.66%. Investment managers routinely reject ideas that can’t beat this average, recognizing that anything less is not worth the risk or effort.
But what happens when we compare this to bitcoin?
Over the last 10 years, bitcoin’s average annual return has been an astonishing 49%. While it’s unlikely that this rate will persist forever, it’s impossible to ignore the magnitude and consistency of bitcoin’s outperformance.
Bitcoin hasn’t just beat the S&P—it’s outperformed every major asset class, including gold, treasuries, real estate, commodities, and equities.
Of course, past performance isn’t a guarantee of future results. So the question becomes: can bitcoin continue to deliver, and are we ready to use it as a benchmark for investment decisions?
To answer this, it’s essential to understand the underlying forces driving bitcoin’s price appreciation.
Several macroeconomic factors contribute to bitcoin’s rise, including money printing, economic uncertainty, and the ongoing debasement of fiat currencies.
When governments print money or run deficits, confidence in traditional currencies erodes. In such environments, investors naturally seek scarce assets, historically gold, and now increasingly bitcoin.
Consider the current fiscal reality: the United States is burdened with over $36 trillion in national debt, and there’s little indication that the money printing will stop.
This environment only strengthens the case for bitcoin as a store of value and as a benchmark for capital allocation. Bitcoin’s staying power is becoming undeniable.
Those who fail to adapt, risk being left behind. We’re already witnessing the early stages of institutional and corporate adoption, and it’s only a matter of time before bitcoin becomes a standard reference point for hurdle rates across the investment world.
Visionary leaders like Michael Saylor of Strategy, have openly discussed the challenges of outperforming the world’s top companies.
Saylor recognized that if your investment, company, or project cannot reasonably be expected to outperform bitcoin, it may be more rational to simply hold bitcoin itself.
MSTR performance compared to bitcoin, Magnificent 7 and S&P500 — aicoin
In a world where bitcoin has established itself as the premier performing asset, the message is clear: if you can’t beat bitcoin, why not join it?
Just buy bitcoin.
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@ b1ddb4d7:471244e7
2025-05-29 20:02:19This article was originally published on aier.org
Even after eleven years experience, and a per Bitcoin price of nearly $20,000, the incredulous are still with us. I understand why. Bitcoin is not like other traditional financial assets.
Even describing it as an asset is misleading. It is not the same as a stock, as a payment system, or a money. It has features of all these but it is not identical to them.
What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests of secure titles to ownership of a scarce good. Those without experience in the sector look at all of this and get frustrated that understanding why it is valuable is not so easy to grasp.
In this article, I’m updating an analysis I wrote six years ago. It still holds up. For those who don’t want to slog through the entire article, my thesis is that Bitcoin’s value obtains from its underlying technology, which is an open-source ledger that keeps track of ownership rights and permits the transfer of these rights. Bitcoin managed to bundle its unit of account with a payment system that lives on the ledger. That’s its innovation and why it obtained a value and that value continues to rise.
Consider the criticism offered by traditional gold advocates, who have, for decades, pushed the idea that sound money must be backed by something real, hard, and independently valuable. Bitcoin doesn’t qualify, right? Maybe it does.
Bitcoin first emerged as a possible competitor to national, government-managed money in 2009. Satoshi Nakamoto’s white paper was released October 31, 2008. The structure and language of this paper sent the message: This currency is for computer technicians, not economists nor political pundits. The paper’s circulation was limited; novices who read it were mystified.
But the lack of interest didn’t stop history from moving forward. Two months later, those who were paying attention saw the emergence of the “Genesis Block,” the first group of bitcoins generated through Nakamoto’s concept of a distributed ledger that lived on any computer node in the world that wanted to host it.
Here we are all these years later and a single bitcoin trades at $18,500. The currency is held and accepted by many thousands of institutions, both online and offline. Its payment system is very popular in poor countries without vast banking infrastructures but also in developed countries. And major institutions—including the Federal Reserve, the OECD, the World Bank, and major investment houses—are paying respectful attention and weaving blockchain technology into their operations.
Enthusiasts, who are found in every country, say that its exchange value will soar even more in the future because its supply is strictly limited and it provides a system vastly superior to government money. Bitcoin is transferred between individuals without a third party. It is relatively low-cost to exchange. It has a predictable supply. It is durable, fungible, and divisible: all crucial features of money. It creates a monetary system that doesn’t depend on trust and identity, much less on central banks and government. It is a new system for the digital age.
Hard lessons for hard money
To those educated in the “hard money” tradition, the whole idea has been a serious challenge. Speaking for myself, I had been reading about bitcoin for two years before I came anywhere close to understanding it. There was just something about the whole idea that bugged me. You can’t make money out of nothing, much less out of computer code. Why does it have value then? There must be something amiss. This is not how we expected money to be reformed.
There’s the problem: our expectations. We should have been paying closer attention to Ludwig von Mises’ theory of money’s origins—not to what we think he wrote, but to what he actually did write.
In 1912, Mises released The Theory of Money and Credit. It was a huge hit in Europe when it came out in German, and it was translated into English. While covering every aspect of money, his core contribution was in tracing the value and price of money—and not just money itself—to its origins. That is, he explained how money gets its price in terms of the goods and services it obtains. He later called this process the “regression theorem,” and as it turns out, bitcoin satisfies the conditions of the theorem.
Mises’ teacher, Carl Menger, demonstrated that money itself originates from the market—not from the State and not from social contract. It emerges gradually as monetary entrepreneurs seek out an ideal form of commodity for indirect exchange. Instead of merely bartering with each other, people acquire a good not to consume, but to trade. That good becomes money, the most marketable commodity.
But Mises added that the value of money traces backward in time to its value as a bartered commodity. Mises said that this is the only way money can have value.
The theory of the value of money as such can trace back the objective exchange value of money only to that point where it ceases to be the value of money and becomes merely the value of a commodity…. If in this way we continually go farther and farther back we must eventually arrive at a point where we no longer find any component in the objective exchange value of money that arises from valuations based on the function of money as a common medium of exchange; where the value of money is nothing other than the value of an object that is useful in some other way than as money…. Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility.
Mises’ explanation solved a major problem that had long mystified economists. It is a narrative of conjectural history, and yet it makes perfect sense. Would salt have become money had it otherwise been completely useless? Would beaver pelts have obtained monetary value had they not been useful for clothing? Would silver or gold have had money value if they had no value as commodities first? The answer in all cases of monetary history is clearly no. The initial value of money, before it becomes widely traded as money, originates in its direct utility. It’s an explanation that is demonstrated through historical reconstruction. That’s Mises’ regression theorem.
Bitcoin’s Use Value
At first glance, bitcoin would seem to be an exception. You can’t use a bitcoin for anything other than money. It can’t be worn as jewelry. You can’t make a machine out of it. You can’t eat it or even decorate with it. Its value is only realized as a unit that facilitates indirect exchange. And yet, bitcoin already is money. It’s used every day. You can see the exchanges in real time. It’s not a myth. It’s the real deal.
It might seem like we have to choose. Is Mises wrong? Maybe we have to toss out his whole theory. Or maybe his point was purely historical and doesn’t apply in the future of a digital age. Or maybe his regression theorem is proof that bitcoin is just an empty mania with no staying power, because it can’t be reduced to its value as a useful commodity.
And yet, you don’t have to resort to complicated monetary theory in order to understand the sense of alarm surrounding bitcoin. Many people, as I did, just have a feeling of uneasiness about a money that has no basis in anything physical. Sure, you can print out a bitcoin on a piece of paper, but having a paper with a QR code or a public key is not enough to relieve that sense of unease.
How can we resolve this problem? In my own mind, I toyed with the issue for more than a year. It puzzled me. I wondered if Mises’ insight applied only in a pre-digital age. I followed the speculations online that the value of bitcoin would be zero but for the national currencies into which it is converted. Perhaps the demand for bitcoin overcame the demands of Mises’ scenario because of a desperate need for something other than the dollar.
As time passed—and I read the work of Konrad Graf, Peter Surda, and Daniel Krawisz—finally the resolution came. Bitcoin is both a payment system and a money. The payment system is the source of value, while the accounting unit merely expresses that value in terms of price. The unity of money and payment is its most unusual feature, and the one that most commentators have had trouble wrapping their heads around.
We are all used to thinking of currency as separate from payment systems. This thinking is a reflection of the technological limitations of history. There is the dollar and there are credit cards. There is the euro and there is PayPal. There is the yen and there are wire services. In each case, money transfer relies on third-party service providers. In order to use them, you need to establish what is called a “trust relationship” with them, which is to say that the institution arranging the deal has to believe that you are going to pay.
This wedge between money and payment has always been with us, except for the case of physical proximity.
If I give you a dollar for your pizza slice, there is no third party. But payment systems, third parties, and trust relationships become necessary once you leave geographic proximity. That’s when companies like Visa and institutions like banks become indispensable. They are the application that makes the monetary software do what you want it to do.
The hitch is that
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@ b1ddb4d7:471244e7
2025-05-29 20:02:18Breez, a leader in Lightning Network infrastructure, and Spark, a bitcoin-native Layer 2 (L2) platform, today announced a groundbreaking collaboration to empower developers with tools to seamlessly integrate self-custodial bitcoin payments into everyday applications.
The partnership introduces a new implementation of the Breez SDK built on Spark’s bitcoin-native infrastructure, accelerating the evolution of bitcoin from “digital gold” to a global, permissionless currency.
The Breez SDK is expanding
We’re joining forces with @buildonspark to release a new nodeless implementation of the Breez SDK — giving developers the tools they need to bring Bitcoin payments to everyday apps.
Bitcoin-Native
Powered by Spark’s…— Breez
(@Breez_Tech) May 22, 2025
A Bitcoin-Native Leap for Developers
The updated Breez SDK leverages Spark’s L2 architecture to deliver a frictionless, bitcoin-native experience for developers.
Key features include:
- Universal Compatibility: Bindings for all major programming languages and frameworks.
- LNURL & Lightning Address Support: Streamlined integration for peer-to-peer transactions.
- Real-Time Interaction: Instant mobile notifications for payment confirmations.
- No External Reliance: Built directly on bitcoin via Spark, eliminating bridges or third-party consensus.
This implementation unlocks use cases such as streaming content payments, social app monetization, in-game currencies, cross-border remittances, and AI micro-settlements—all powered by Bitcoin’s decentralized network.
Quotes from Leadership
Roy Sheinfeld, CEO of Breez:
“Developers are critical to bringing bitcoin into daily life. By building the Breez SDK on Spark’s revolutionary architecture, we’re giving builders a bitcoin-native toolkit to strengthen Lightning as the universal language of bitcoin payments.”Kevin Hurley, Creator of Spark:
“This collaboration sets the standard for global peer-to-peer transactions. Fast, open, and embedded in everyday apps—this is bitcoin’s future. Together, we’re equipping developers to create next-generation payment experiences.”David Marcus, Co-Founder and CEO of Lightspark:
“We’re thrilled to see developers harness Spark’s potential. This partnership marks an exciting milestone for the ecosystem.”Collaboration Details
As part of the agreement, Breez will operate as a Spark Service Provider (SSP), joining Lightspark in facilitating payments and expanding Spark’s ecosystem. Technical specifications for the SDK will be released later this year, with the full implementation slated for launch in 2025.About Breez
Breez pioneers Lightning Network solutions, enabling developers to embed self-custodial bitcoin payments into apps. Its SDK powers seamless, secure, and decentralized financial interactions.About Spark
Spark is a bitcoin-native Layer 2 infrastructure designed for payments and settlement, allowing developers to build directly on Bitcoin’s base layer without compromises. -
@ b1ddb4d7:471244e7
2025-05-29 20:02:16When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.
While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.
We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.
First Steps
- So, where did it all begin for you and what made you stay curious?
I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.
I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.
After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.
I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.
Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.
That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.
When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.
DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.
The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”
- At what point did you start teaching others, and why?
After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.
What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.
Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.
I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?
Building on Bitcoin
- You hosted some in-person meetups in Sacramento. What did you learn from those?
My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.
I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.
At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.
Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.
- Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?
My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).
I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.
The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.
- How do local groups like Sactown and Cleveland Bitcoiners influence your work?
Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.
Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.
I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.
Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.
- What do people struggle with the most when it comes to technical education?
The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”
Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?
I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.
- One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?
I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.
They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.
As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.
- How do you choose what to focus on in your sessions, especially for different types of learners?
I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.
At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.
Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.
There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.
That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.
I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on
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2025-05-29 20:02:14Sati, a Bitcoin payments app and Lightning infrastructure provider, announced the launch of its Lightning integration with Xverse wallet.
Launched in 2025 with investors of the likes as Draper Associates and Ricardo Salinas, Sati powers Bitcoin payments on applications such as WhatsApp to fuel the next wave of adoption.
The Whatsapp bot allows users to send bitcoin via the messaging app through a special bot. After verifying their identity, the user selects the “send” option, chooses to pay to a Lightning address, enters the amount (1,000 sats), confirms with a PIN, and the transaction is completed, with the funds appearing instantly in the recipient wallet.
The new integration will now bring Lightning functionality to over 1.5 million people worldwide. Users can send and receive sats (Bitcoin’s smallest denomination) instantly over the Lightning Network all within the Xverse app,
Further, every xverse wallet user gets a Lightning Address instantly. That means they can receive tips, pay invoices, and use Bitcoin for microtransactions—all without having to manage channels or switch between different apps.
While Xverse adds support for Lightning, users should be cautious in using the wallet as it’s mostly known for enabling access to rug pull projects.
Initially designed in 2017, the Lightning Network has grown to become Bitcoin’s leading layer-2, with a current BTC capacity of over $465M.
“Bitcoin was not meant to be an asset for Wall Street—it was built for peer-to-peer money, borderless and accessible,” said Felipe Servin, Founder and CEO of Sati. “Integrating Lightning natively into Xverse brings that vision back to life, making Bitcoin usable at scale for billions.”
Sati expects USDT on Lightning to be supported as early as July 2025 for users accessing Sati through WhatsApp.
This integration positions Sati’s role as a Lightning infrastructure provider, not just a consumer app. By leveraging its API-based solution, the company provides plug-and-play backend services to wallets and platforms looking to add Bitcoin payments without compromising on security or UX.
Sati recently closed a $600K pre-seed round. The funding is used to support global expansion, stablecoin integration, Lightning infrastructure growth, and broader access to Bitcoin in emerging markets.
The Sati team is attending Bitcoin2025 in Las Vegas this week and looking forward to connect with bitcoin enthusiasts.
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2025-05-29 20:02:10Bitcoin Magazine
Mayor Eric Adams Announced New York City Will Issue a Bit BondAt the 2025 Bitcoin Conference in Las Vegas, the Mayor of New York City Eric Adams announced that New York City will issue a Bit Bond.
Eric Adams started by connecting the American flag to Bitcoin commenting, “just as our flag still flies, Bitcoin is going to continue to fly in our country.” Later on he mentioned, “New York City is going to lead the way. We are going to be the leader because we know the power of innovation and what innovation has to offer.”
BREAKING:
NYC Mayor Eric Adams plans to issue Bit Bond for New York. #Bitcoin pic.twitter.com/loESV4UJYf
— Bitcoin Magazine (@BitcoinMagazine) May 28, 2025
“These conferences are crucial and when we held our summit in New York a few weeks ago,” said Adam. “We held it with a clear focus that it is time for you no longer to go through the lawfare that you went through and had to flee our city. New York is the empire state. We don’t break empires, we build empires.”
Adams called back everyone that left New York because of their overregulation of Bitcoin and Crypto.
“Come back home you have a mayor that is the crypto mayor, is the Bitcoin mayor and I want you back in the city of New York,” stated Adam. “Where you won’t be attacked and criminalized. Let’s get rid of the Bitcoin license and allow us to free flow of Bitcoin in our city.”
Then Adam commented, “it’s time for the first time in the history of this city to have a financial instrument that is made for those who are holders of Bitcoin. I believe we need to have a Bit Bond and I am going to push and fight to get a Bit Bond in New York.”
Adams closed his speech by saying, “We are going to use Bitcoin blockchain for our birth certificates. We are going to use Bitcoin to pay off fines and taxes. We are going to allow our young people to understand what it is to be part of this industry, but we need you on the ground.”
This post Mayor Eric Adams Announced New York City Will Issue a Bit Bond first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
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2025-05-29 20:01:59Bitcoin Magazine
Block Announces Bitcoin Business Stack, Makes Historic Lightning Payments Push at Bitcoin 2025Bitcoin isn’t just something to hold anymore—it’s something to live on. That was the core message delivered by Miles Suter, Bitcoin Product Lead at Block Inc., during his keynote at the Bitcoin 2025 Conference today. Standing at the intersection of innovation and ideology, Suter laid out a vision where Bitcoin isn’t just a store of value—but the internet’s native currency.
“Bitcoin is at a crossroads—on one hand it’s never been stronger: a trillion in market cap, millions of holders, and even talk of nation-state adoption,” Suter said. “We use Bitcoin to hold, to hedge, to opt out, but we rarely use it to live. At Block Inc., we believe that has to change.”
Suter officially announced that Block is rolling out Bitcoin payment capability for merchants using Square POS, allowing them to accept bitcoin directly in-store. The move comes as part of a broader initiative Block calls the full bitcoin for business stack—covering acquiring, managing, reporting, accounting, converting, lending, and taxes.
“This is what makes Bitcoin an everyday currency for everyone,” he emphasized. “We believe hard-working entrepreneurs deserve access to the full power of bitcoin.”
To prove the vision in action, Block helped power a Guinness World Record attempt for the most Lightning payments in a day, hosted live at the conference. The goal: prove that Lightning payments aren’t just functional—they’re scalable, fast, and real.
Block’s commitment isn’t new. In 2020, the company put bitcoin on its balance sheet. In 2021, it co-founded the Bitcoin Clean Energy Initiative to fight the “boiling oceans” narrative. In 2022, Cash App became one of the first major platforms on Lightning. In 2023, it launched on-chain payments with Square. And in 2024, it helped defeat Craig Wright in court, “standing up for Satoshi.”
“These aren’t just headlines—they’re a pattern,” Suter said. “We’ve made it more accessible, more secure. Now we’re focused on making it usable every day.”
Cash App already ranks among the top bitcoin on-ramps in the U.S., accounting for nearly 10% of on-chain block space at any time. In 2024, Lightning usage grew 7x. “Block runs one of the top Lightning nodes globally. And here’s what’s wild—it’s working,” he said.
Block is now taking 10% of all profits from Bitcoin and adding it back to its balance sheet, and over 1,700 merchants are automatically converting part of their daily sales to Bitcoin.
“If Bitcoin just becomes digital gold, we failed the mission,” Suter said. “Bitcoin payments validate Bitcoin. They make it real. Bitcoin is money.”
This post Block Announces Bitcoin Business Stack, Makes Historic Lightning Payments Push at Bitcoin 2025 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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2025-05-29 20:01:49Bitcoin Magazine
Adam Back Presents Blockstream’s Bitcoin-First Infrastructure Vision at Bitcoin 2025Adam Back, Co-founder and CEO of Blockstream, took the stage at the Bitcoin 2025 Conference with a clear message: Bitcoin is becoming the foundation of global finance—and Blockstream is building the infrastructure to support it.
“So I think Bitcoin is still early,” Back began, “but more mainstream players are starting to become involved. It is starting to become the foundation of global finance.” From El Salvador’s President becoming “patient zero” to institutional adoption spreading rapidly, Back emphasized that “people in all layers of company management and politics have become orange-pilled.”
Citing Bitcoin’s accelerating growth trajectory, Back referenced Hal Finney’s prediction that Bitcoin’s addressable market could hit $200 trillion. “Today, we are a lot closer to that situation,” he noted. He alluded again that this is just the beginning for Bitcoin.
To meet that growing demand, Back announced Blockstream’s plan to support the journey from 100 million to 1 billion users by simplifying self-custody and Bitcoin-native asset management. “We’re laser-focused on Bitcoin,” he said. “At Blockstream, we are here to provide the infrastructure to enable that.”
In a detailed presentation, Back outlined five core pillars powering Blockstream’s strategy:
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Infrastructure Expansion: “Bitcoin is becoming the dominant financial asset and platform for global transactions. Blockstream enables and supports the infrastructure around it.”
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Unified Platform: Blockstream is developing one platform built for the Bitcoin economy—including consumer products (secure self-custody), enterprise solutions (asset transfer on Bitcoin rails), and institutional integration (custody for large-scale investment).
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The Blockstream App: Designed to streamline self-custody, the app simplifies onboarding, supports BTC, LBTC, and USDT, and offers advanced features for experienced users.
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Enterprise Tools: With custody, tokenization without smart contract risks, and SDK/API-ready infrastructure, Blockstream is pushing enterprise-grade Bitcoin use cases—from corporate finance to treasuries.
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Security and Ecosystem Design: “Secure, proven, and built to last,” Back said, referring to Blockstream’s Bitcoin-first architecture. “Security is our cornerstone, and every product connects at every layer.”
In closing, Back reaffirmed his long-term vision: “The future of finance runs on Bitcoin.”
This post Adam Back Presents Blockstream’s Bitcoin-First Infrastructure Vision at Bitcoin 2025 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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2025-05-29 20:01:39Bitcoin Magazine
Eric Trump Said Everybody Wants Bitcoin. Everybody is Buying BitcoinAt the 2025 Bitcoin Conference in Las Vegas, the Executive Chairman & Board Member of American Bitcoin Mike Ho, the CEO of American Bitcoin Matt Prusak, the founder of Altcoin Daily Aaron Arnold, Donald Trump Jr. and Eric Trump discussed the future of Bitcoin and their views.
Eric Trump started the panel by saying, “we are bringing Bitcoin to America and America is going to win the crypto revolution.”
Donald continued by mentioning the $2.5 billion bitcoin treasury.
“All the announcement yesterday, True Social and TMTG committing $2.5 billion to a bitcoin treasury,” stated Trump Jr. “Then the trifecta of crypto you have is what we are doing with the world liberty and USD1 from a DeFi platform. We are very long crypto.”
Eric talked about how all the world wants Bitcoin and that most companies are having problems when buying Bitcoin because there is a lot of demand and not as much supply.
“Everybody wants Bitcoin. Everybody is buying Bitcoin,” Eric stated.JUST IN:
Eric Trump says "everyone in the world wants #Bitcoin, everybody is buying Bitcoin"
"0.1 BTC is going to be worth an absolute fortune"
pic.twitter.com/0942a3dSWI
— Bitcoin Magazine (@BitcoinMagazine) May 28, 2025
“The whole system is broken and now all of the sudden you have crypto which solves all the problems,” commented Eric. “It makes everything cheaper, it makes everything faster, it makes it safer, it makes it more transparent. It makes the whole system more functional.“
Mike Ho explained his view of the volatility of Bitcoin and how it benefits everybody.
“We see Bitcoin mining as just the foundational layer of being able to accumulate more creative Bitcoin for our shareholders at a discount to what the market can buy Bitcoin for,” commented Ho. “Then there is a value in the volatility of the stock. Usually volatility carries a negative connotation, but in here it’s the volatility that allows us to raise very low cost converts to even accelerate accumulation of Bitcoin.”
Matt Prusak mentioned how they are stacking sats and accumulating as much Bitcoin as they can.
“We are looking for ways to accumulate as much Bitcoin as fast as possible,” said Prusak. “We are stacking sats for our mining operations. We are going to stack sats for the accumulation.”
They all made predictions of Bitcoin’s end price of this year, Eric said $170,000, Trump Jr between $150,000 and $175,000 and Mike Ho over $200,000. Eric finalized with, “the next 10 years are going to be absolutely parabolical.”
This post Eric Trump Said Everybody Wants Bitcoin. Everybody is Buying Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
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2025-05-29 18:30:53Autores Clássicos e Antigos
- Homero (século IX a.C.?) — Ilíada, Odisseia
- Tucídides (c. 460-400 a.C.) — História da Guerra do Peloponeso
- Platão (c. 427-347 a.C.) — República, Banquete, Fédon, Mênon, Apologia de Sócrates, Fedro, Górgias
- Aristóteles (c. 384-322 a.C.) — Órganon, Física, Metafísica, Da Alma, Ética a Nicômaco, Política, Retórica, Poética
- Virgílio (70-19 a.C.) — Eneida
- Marco Aurélio (121-180) — Meditações
- Santo Agostinho (354-430) — Sobre o Ensino, Confissões, A Cidade de Deus, A Doutrina Cristã
- Boécio (480-525) — A Consolação da Filosofia
- Santo Tomás de Aquino (c. 1225-1274) — Suma Teológica
- Dante Alighieri (1265-1321) — Divina Comédia
Renascimento e Idade Moderna
- Nicolau Maquiavel (1469-1527) — O Príncipe
- Luís de Camões (1524-1580) — Os Lusíadas, Sonetos
- Miguel de Cervantes (1547-1616) — Dom Quixote
- William Shakespeare (1564-1616) — Romeu e Julieta, Hamlet, Macbeth, Otelo, Rei Lear, Henrique IV, Henrique V, Henrique VI, Henrique VIII, A Comédia dos Erros, Tito Andrônico, Príncipe de Tiro, Cimbelino, A Megera Domada, O Mercador de Veneza, Ricardo II, Ricardo III, Muito Barulho por Nada, Júlio César, Noite de Reis, Os Dois Cavaleiros de Verona, Conto do Inverno, Sonhos de uma Noite de Verão, As Alegres Comadres de Windsor, Trólio e Créssida, Medida por Medida, Coriolano, Antônio e Cleópatra, A Tempestade
- Ésquilo (525-456 a.C., antiguidade grega, mas citado junto) — Prometeu Acorrentado, Orestéia/As Eumênides
- Sófocles (496-406 a.C.) — Édipo Rei, Antígona
Literatura e Filosofia Contemporânea
- Fiódor Dostoiévski (1821-1881) — Crime e Castigo, Os Irmãos Karamázov, Os Demônios, O Idiota, Notas do Subsolo
- Franz Kafka (1883-1924) — A Metamorfose, O Processo, O Castelo
- Albert Camus (1913-1960) — O Estrangeiro
- Aldous Huxley (1894-1963) — Admirável Mundo Novo, A Ilha
- James Joyce (1882-1941) — Retrato do Artista Quando Jovem, Ulisses
- George Orwell (1903-1950) — A Revolução dos Bichos, 1984
- Machado de Assis (1839-1908) — Memórias Póstumas de Brás Cubas, O Alienista
- Thomas Mann (1875-1955) — Morte em Veneza, Doutor Fausto, A Montanha Mágica
- Henrik Ibsen (1828-1906) — O Pato Selvagem, Um Inimigo do Povo
- Stendhal (1783-1842) — O Vermelho e o Negro, A Cartuxa de Parma
- Viktor Frankl (1905-1997) — Em Busca de Sentido
- J.R.R. Tolkien (1892-1973) — O Hobbit, O Senhor dos Anéis
- Luigi Pirandello (1867-1936) — Seis Personagens à Procura de um Autor, O Falecido Matias Pascal
- Samuel Beckett (1906-1989) — Esperando Godot
- René Guénon (1886-1951) — A Crise do Mundo Moderno, O Reino da Quantidade
- G. K. Chesterton (1874-1936) — Ortodoxia
- Richard Wagner (1813-1883) — Tristão e Isolda
- Honoré de Balzac (1799-1850) — Ilusões Perdidas, Eugénie Grandet
- Jacob Wassermann (1873-1934) — O Processo Maurizius
- Nikolai Gogol (1809-1852) — Almas Mortas, O Inspetor Geral
- Daniel Defoe (1660-1731) — Moll Flanders
- Mortimer J. Adler (1902-2001) — Como Ler um Livro
- Gustave Flaubert (1821-1880) — Madame Bovary
- Hermann Hesse (1877-1962) — O Jogo das Contas de Vidro
- Richard Wagner (1813-1883) — Tristão e Isolda
- Wolfgang von Goethe (1749-1832) — Fausto (Primeiro), Os Anos de Aprendizado de Wilhelm Meister
- Jacques Benda — A Traição dos Intelectuais
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2025-05-29 20:01:29Bitcoin Magazine
Adam Back Said It’s Still Early For the Retail Investors To Buy BitcoinAt the 2025 Bitcoin Conference in Las Vegas, the Head of Firmwide Research at Galaxy Digital Alex Thorn, Founder and Managing Partner of Pantera Capital Dan Morehead, Managing Partner, CEO, CIO of 10T Holdings + 1RoundTable Partners Dan Tapiero and the Co-founder & CEO of Blockstream Adam Back discussed the future of Bitcoin treasury companies.
Dan Tapiero started by sharing his opinion on how he sees Bitcoin in comparison to gold:
“I really have always believed in that physical ownership that the individual has the right and should be able to own his own asset and so I started this physical gold business years ago,” said Tapiero. “I think our focus today is further adoption and the elevation of Bitcoin. I think the understanding of Bitcoin as an important asset.”
Adam Back was asked what he thought about Bitcoin treasury companies and he responded, “in effect, Blockstream is one of the first Bitcoin treasury companies. We have been around since 2014 and we work with our investors to put Bitcoin in a balance sheet back then and since then. I think the way to look at the treasury companies is Bitcoin is effectively the harder rate. It’s very hard to outperform Bitcoin most people that invest in things since Bitcoin around thought I should put that in Bitcoin and not in the other thing.”
Then Adam continued by explaining what treasury companies do.
“That’s why you get companies switching to the Bitcoin standard because it’s the only way for them to keep up with Bitcoin,” stated Back. ”They start with a Bitcoin capital base. They use the operating in-revenue to buy more Bitcoin and then they are able to participate in this kind of micro arbitrage.”
Finishing the panel, Alex Thorn asked, “Five years from now what is the price of Bitcoin?”
Dan Morehead predicted $750,000k, Tapiero $1,000,000 and Back said, “a million easy.”
Adam back closed by saying, “It’s still early for the retail investors.”
You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 2 below:
This post Adam Back Said It’s Still Early For the Retail Investors To Buy Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
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2025-05-29 20:01:18Bitcoin Magazine
Saifedean Ammous: “Nothing Stops This Train” – Tether, Bitcoin, and the Endgame for the DollarSaifedean Ammous, CEO of Saifedean.com and author of The Bitcoin Standard, delivered a data-driven keynote at the Bitcoin 2025 Conference, warning of inevitable U.S. dollar decline and positioning Bitcoin as the only rational hedge. “Default, devaluation, or default by devaluation are inevitable,” Ammous declared, adding pointedly, “Tether can’t fix what a century of fiat democracy ruined.”
Using projections and flow charts, Ammous argued that Tether’s Bitcoin strategy could soon outpace its U.S. dollar reserves. “Then Tether will break the peg upwards,” he said, predicting a scenario where 1 USDT could equal 1.02 USD and continue revaluing as the dollar weakens. “Tether becomes a relatively stablecoin as the dollar declines.”
The talk emphasized what Ammous described as a self-reinforcing loop: as USDT demand rises, so does Tether’s need for BTC reserves, which drives up Bitcoin prices—leading to even more revaluation. “This is a significant impact on the market,” he said. “Buying bitcoin is the smartest thing anybody could do.”
In a final sweeping statement, Ammous forecasted the end of the USD era. “Eventually, USD reserves go to zero next to BTC reserves,” he said. “USDT keeps getting revalued upward until it is redeemable in bitcoin. USDT → BTCT.” He called Tether a “transition monetary system” and concluded, “Even the most bullish scenario for USD is much more bullish for BTC.”
To Ammous, the dollar is locked in a downward spiral while Bitcoin, with its “number go up technology,” continues rising. “The thing that goes up is going to overtake the thing that goes down,” he said—summarizing his entire argument in one sentence.
This post Saifedean Ammous: “Nothing Stops This Train” – Tether, Bitcoin, and the Endgame for the Dollar first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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2025-05-29 20:01:07Bitcoin Magazine
The World’s Largest Bitcoin Conference Returns to Las Vegas in 2026May 28, 2025 – BTC Inc., the leading provider of Bitcoin-related news and events, is excited to announce that the Bitcoin Conference, the world’s largest and most prestigious gathering of the Bitcoin industry, will be returning to Las Vegas next year. Next year’s conference will take place at the Venetian Las Vegas from April 27 – 29, 2026.
The announcement comes on the heels of a highly successful Bitcoin 2025 event, which saw over 35,000 attendees descend to Las Vegas to participate in valuable networking and community building events, experience leading-edge technology showcases, and hear insights from policy leaders, business executives, and celebrities across the Bitcoin industry.
“Bitcoin 2025 was the largest event in Bitcoin’s history and arrived at a pivotal moment for the industry,” said Brandon Green, Chief of Staff at BTC Inc. “Next year, we are going to compound it into not only the biggest event in Bitcoin’s history, but one of the largest and most important events globally.”
“Our city and state were delighted to host the Bitcoin conference this year,” said Governor Joe Lombardo. “Las Vegas is home to groundbreaking innovation and exciting new ideas, and we’re the perfect forum for the 2026 Bitcoin conference. We look forward to welcoming the conference to our state again next year.”
Tickets for Bitcoin 2026 are available for purchase on the official conference website. Interested individuals and organizations are encouraged to secure their spots early, as demand is expected to be unprecedented.
For sponsorship opportunities, media inquiries, or further information about The Bitcoin Conference, please contact us or visit https://b.tc/conference/2026.
About The Bitcoin Conference:
The Bitcoin Conference is the world’s largest and most influential gathering of Bitcoin professionals, investors, and thought leaders. Committed to fostering Bitcoin adoption and industry innovation, the conference has grown into a global phenomenon since its founding in 2019. Learn more at https://b.tc/conference/2026
This post The World’s Largest Bitcoin Conference Returns to Las Vegas in 2026 first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.
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2025-05-29 20:00:57Bitcoin Magazine
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This post 🔴 LIVE: The Bitcoin Conference 2025 – Day 3 first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.
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2025-05-29 20:00:47Bitcoin Magazine
Ark Labs Launches Arkade, a New Native Operating System Using BitcoinArk Labs has officially launched Arkade, a Bitcoin-native execution layer designed to unlock programmable financial applications using Bitcoin as it exists today. The announcement comes after a $2.5 million pre-seed funding round in August 2024, led by Tim Draper with support from Fulgur Ventures and Axiom.
Arkade aims to create a new way to build directly on Bitcoin, letting developers build fast and scalable apps—without needing sidechains, wrapped tokens, or any changes to the core Bitcoin protocol.
“Bitcoin is the world’s hardest, most secure asset, but it remains largely static,” said Marco Argentieri, CEO of Ark Labs. “Arkade virtualizes Bitcoin’s transaction layer, transforming it into a dynamic financial platform where operations happen instantly, programmability is unlocked, and users maintain full control of their assets throughout.”
Arkade is currently being tested on the Bitcoin network with early partners like Tether, Boltz, Breez, and Mempool.space already on board. Arkade maintains Bitcoin’s core security model and avoids alternatives like wrapped tokens or new consensus mechanisms.
Tim Draper, founder and managing partner of Draper Associates, noted: “Bitcoin is fast emerging as the world’s premier digital asset. Arkade’s virtualization approach finally brings the programmability Bitcoin needs to transform from a store of value into a permissionless financial system.”
Ark Labs says demand has been strong since January, with multiple projects requesting integration. The company plans to expand Arkade’s toolkit in the coming months, with support for BTC-collateralized lending, staking primitives, and multi-asset transactions. The launch is scheduled for Q3 2025.
“Bitcoin has always had to balance the desire to scale transaction throughput and complexity with conservatism regarding upgrades,” said Allen Farrington, General Partner at Axiom. “With this exceptionally high bar for worthwhile innovation, and amidst a sea of noise, Ark Labs is bringing to market what may prove to be the most important technical breakthrough in the space since the Lightning Network.”
You can watch the full keynote below.
This post Ark Labs Launches Arkade, a New Native Operating System Using Bitcoin first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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2025-05-29 20:00:36Bitcoin Magazine
SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside TalkAt the Bitcoin 2025 Conference this morning, U.S. Securities and Exchange Commissioner Hester Peirce took the stage with Fold’s General Counsel Hailey Lennon for a fireside chat that pulled no punches.
Opening with a question about enforcement priorities since the change in administration, Lennon asked, “What are the current enforcement priorities, if any, in the digital asset space?” Peirce acknowledged the public’s frustration: “Some people have taken the fact that we haven’t moved forward with a ton of these cases as inaction—but there’s a lot to digest.” She stressed that the agency is actively bringing in outside perspectives, stating, “That’s really the way to get to good rules.”
A core theme of the conversation was regulatory uncertainty. “One complaint I’ve had,” Peirce said, “is that in an environment of regulatory uncertainty, it’s much harder to identify bad actors—and it gives them more room to operate. Meanwhile, it pushes legitimate actors out of the U.S. or out of the industry entirely. We need to create a good environment for the good actors and a bad one for the bad actors.”
Peirce also addressed her recent tweet hinting at disclosure requirements for projects potentially considered securities.
Here's what the Crypto Task Force has been doing and some things we're thinking about: https://t.co/YHXAYhr23P
— Hester Peirce (@HesterPeirce) May 19, 2025
When asked about the explosion of memecoins and speculative tokens, Peirce didn’t hold back: “If you’re expecting to buy a memecoin and become a billionaire—buyer beware. Be an adult. If you want to speculate, go for it, but if something goes wrong, don’t come complaining to the government.” This confirms the value, and security of Bitcoin.
She emphasized the importance of community participation, noting that “government works for the people,” and encouraged attendees to weigh in on issues like surveillance and financial freedom. “In the United States, we are all about freedom. Freedom to innovate. Your voices are so important for helping us think through these issues.”
Peirce’s remarks echo the statements that JD Vance touched on yesterday during his speech at the Bitcoin 2025 Conference. They both emphasized that we, the American people, have the power to transform the traditional financial system, and fuel Bitcoin.
Discussing Bitcoin’s growing presence in traditional finance, Lennon asked whether the SEC is prepared for that convergence. Peirce replied, “We can’t ignore it. When people are free to use something, it will eventually be incorporated into traditional financial products. We need to think about how it interacts with our regulatory framework—but the key is preserving people’s ability to transfer value on their own terms.”
Looking ahead, Peirce left attendees with a powerful reminder: “You don’t have to wait for the government. Demand transparency. Learn from failures. Pick yourself up, dust yourself off, and do better next time.”
You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 3 below:
This post SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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2025-05-29 20:03:14Bank run on every crypto bank then bank run on every "real" bank.
— ODELL (@ODELL) December 14, 2022
The four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Prime Trust does not custody funds themselves but rather maintains deposit accounts at BMO Harris Bank, Cross River, Lexicon Bank, MVB Bank, and Signature Bank. Silvergate and Silicon Valley Bank have already stopped withdrawals. More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.
Bitcoin gives us all the ability to opt out of a system that has massive layers of counterparty risk built in, years of cheap money and broken incentives have layered risk on top of risk throughout the entire global economy. If you thought the FTX bank run was painful to watch, I have bad news for you: every major bank in the world is fractional reserve. Bitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.
The rules of bitcoin are extremely hard to change by design. Anyone can access the network directly without a trusted third party by using their own node. Owning more bitcoin does not give you more control over the network with all participants on equal footing.
Bitcoin is:
- money that is not controlled by a company or government
- money that can be spent or saved without permission
- money that is provably scarce and should increase in purchasing power with adoptionBitcoin is money without trust. Whether you are a nation state, corporation, or an individual, you can use bitcoin to spend or save without permission. Social media will accelerate the already deteriorating trust in our institutions and as this trust continues to crumble the value of trust minimized money will become obvious. As adoption increases so should the purchasing power of bitcoin.
A quick note on "stablecoins," such as USDC - it is important to remember that they rely on trusted custodians. They have the same risk as funds held directly in bank accounts with additional counterparty risk on top. The trusted custodians can be pressured by gov, exit scam, or caught up in fraud. Funds can and will be frozen at will. This is a distinctly different trust model than bitcoin, which is a native bearer token that does not rely on any centralized entity or custodian.
Most bitcoin exchanges have exposure to these failing banks. Expect more chaos and confusion as this all unwinds. Withdraw any bitcoin to your own wallet ASAP.
Simple Self Custody Guide: https://werunbtc.com/muun
More Secure Cold Storage Guide: https://werunbtc.com/coldcard
If you found this post helpful support my work with bitcoin.
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@ 9223d2fa:b57e3de7
2025-05-29 20:17:2713,929 steps
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@ dfa02707:41ca50e3
2025-05-29 20:03:10Contribute to keep No Bullshit Bitcoin news going.
- Coinswap is a decentralized protocol for private, trustless cryptocurrency swaps. It allows participants to securely swap digital assets without intermediaries, using advanced cryptographic techniques and atomic swaps to ensure privacy and security.
- This release introduces major improvements to the protocol's efficiency, security, and usability, including custom in-memory UTXO indexes, more advanced coin-selection algorithms, fidelity bond management and more.
- The update also improves user experience with full Mac support, faster Tor connections, enhanced UI/UX, a unified API, and improved protocol documentation.
"The Project is under active beta development and open for contributions and beta testing. The Coinswap market place is live in testnet4. Bug fixes and feature requests are very much welcome."
- Manuals and demo docs are available here.
What's new
- Core protocol and performance improvements:
- Custom in-memory UTXO indexes. Frequent Core RPC calls, which caused significant delays, have been eliminated by implementing custom in-memory UTXO indexes. These indexes are also saved to disk, leading to faster wallet synchronization.
- Coin selection. Advanced coin-selection algorithms, like those in Bitcoin Core, have been incorporated, enhancing the efficiency of creating different types of transactions.
- Fidelity management. Maker servers now automate tasks such as checking bond expiries, redemption, and recreation for Fidelity Bonds, reducing the user's management responsibilities.
- Taker liveness. The
WaitingFundingConfirmation
message has been added to keep swap connections between Takers and Makers, assisting with variable block confirmation delays.
-
User experience and compatibility:
- Mac compatibility. The crate and apps now fully support Mac.
- Tor operations are streamlined for faster, more resilient connections. Tor addresses are now consistently linked to the wallet seed, maintaining the same onion address through system reboots.
- The UI/UX improvements enhance the display of balances, UTXOs, offer data, fidelity bonds, and system logs. These updates make the apps more enjoyable and provide clearer coin swap logs during the swap process.
-
API design improvements. Transaction creation routines have been streamlined to use a single common API, which reduces technical debt and eliminates redundant code.
- Protocol spec documentation now details how Coinswap breaks the transaction graph and improves privacy through routed swaps and amount splitting, and includes diagrams for clarity.
Source: Coinswap Protocol specification.
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@ 91117f2b:111207d6
2025-05-29 19:49:59Regular excerise offers numerous benefits for both body and mind. Some key advantages:
Physical benefits 1. Weight management: excerise helps maintain a healthy weight and balance reducing the risk of obesity-related diseases. 2. Cardiovascular health: regular and physical activities strengthens the heart, Lowers blood pressure and improves circulation of blood. 3. Improved sleep: physical activities promotes better sleep quality, duration and depth. 4. Increased strength 💪 and flexibility : excerise builds muscle mass, enhances flexibility and also boost bone density.
Mental and emotional benefits:
- Boosted self-esteem: regular and physical excerise foster a sense of accomplishment and confidence.
- Enhanced cognitive function: excerise improves concentration, memory and problem-solving skill.
- Reduced strength and anxiety: excerise releases endorphins, which helps to alleviate or reduce stress and anxiety.
- Improved mood: physical activities boosts serotonin levels, enhancing over-all mood and reducing any symptoms of depression.
Tips for incorporating or adding excerise into your routine:
- Find an activity you enjoy: engage in activity you enjoy, whether it's swimming, running or even dancing.
- Schedule it: make excerise a priority by incorporating it into your daily routine.
- Start small: begin your excerise with manageable goals and gradually increase the intensity and duration.
- Mix it up: vary your workout routine to avoid boredom and avoid plateau.
Sometimes excerising may seem a little stressful, but it's all about endurance and perseverance, to achieve your goal.
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@ 7f6db517:a4931eda
2025-05-29 20:03:14The former seems to have found solid product market fit. Expect significant volume, adoption, and usage going forward.
The latter's future remains to be seen. Dependence on Tor, which has had massive reliability issues, and lack of strong privacy guarantees put it at risk.
— ODELL (@ODELL) October 27, 2022
The Basics
- Lightning is a protocol that enables cheap and fast native bitcoin transactions.
- At the core of the protocol is the ability for bitcoin users to create a payment channel with another user.
- These payment channels enable users to make many bitcoin transactions between each other with only two on-chain bitcoin transactions: the channel open transaction and the channel close transaction.
- Essentially lightning is a protocol for interoperable batched bitcoin transactions.
- It is expected that on chain bitcoin transaction fees will increase with adoption and the ability to easily batch transactions will save users significant money.
- As these lightning transactions are processed, liquidity flows from one side of a channel to the other side, on chain transactions are signed by both parties but not broadcasted to update this balance.
- Lightning is designed to be trust minimized, either party in a payment channel can close the channel at any time and their bitcoin will be settled on chain without trusting the other party.
There is no 'Lightning Network'
- Many people refer to the aggregate of all lightning channels as 'The Lightning Network' but this is a false premise.
- There are many lightning channels between many different users and funds can flow across interconnected channels as long as there is a route through peers.
- If a lightning transaction requires multiple hops it will flow through multiple interconnected channels, adjusting the balance of all channels along the route, and paying lightning transaction fees that are set by each node on the route.
Example: You have a channel with Bob. Bob has a channel with Charlie. You can pay Charlie through your channel with Bob and Bob's channel with User C.
- As a result, it is not guaranteed that every lightning user can pay every other lightning user, they must have a route of interconnected channels between sender and receiver.
Lightning in Practice
- Lightning has already found product market fit and usage as an interconnected payment protocol between large professional custodians.
- They are able to easily manage channels and liquidity between each other without trust using this interoperable protocol.
- Lightning payments between large custodians are fast and easy. End users do not have to run their own node or manage their channels and liquidity. These payments rarely fail due to professional management of custodial nodes.
- The tradeoff is one inherent to custodians and other trusted third parties. Custodial wallets can steal funds and compromise user privacy.
Sovereign Lightning
- Trusted third parties are security holes.
- Users must run their own node and manage their own channels in order to use lightning without trusting a third party. This remains the single largest friction point for sovereign lightning usage: the mental burden of actively running a lightning node and associated liquidity management.
- Bitcoin development prioritizes node accessibility so cost to self host your own node is low but if a node is run at home or office, Tor or a VPN is recommended to mask your IP address: otherwise it is visible to the entire network and represents a privacy risk.
- This privacy risk is heightened due to the potential for certain governments to go after sovereign lightning users and compel them to shutdown their nodes. If their IP Address is exposed they are easier to target.
- Fortunately the tools to run and manage nodes continue to get easier but it is important to understand that this will always be a friction point when compared to custodial services.
The Potential Fracture of Lightning
- Any lightning user can choose which users are allowed to open channels with them.
- One potential is that professional custodians only peer with other professional custodians.
- We already see nodes like those run by CashApp only have channels open with other regulated counterparties. This could be due to performance goals, liability reduction, or regulatory pressure.
- Fortunately some of their peers are connected to non-regulated parties so payments to and from sovereign lightning users are still successfully processed by CashApp but this may not always be the case going forward.
Summary
- Many people refer to the aggregate of all lightning channels as 'The Lightning Network' but this is a false premise. There is no singular 'Lightning Network' but rather many payment channels between distinct peers, some connected with each other and some not.
- Lightning as an interoperable payment protocol between professional custodians seems to have found solid product market fit. Expect significant volume, adoption, and usage going forward.
- Lightning as a robust sovereign payment protocol has yet to be battle tested. Heavy reliance on Tor, which has had massive reliability issues, the friction of active liquidity management, significant on chain fee burden for small amounts, interactivity constraints on mobile, and lack of strong privacy guarantees put it at risk.
If you have never used lightning before, use this guide to get started on your phone.
If you found this post helpful support my work with bitcoin.
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@ dfa02707:41ca50e3
2025-05-29 19:01:59Contribute to keep No Bullshit Bitcoin news going.
- The latest firmware updates for COLDCARD devices introduce two major features: COLDCARD Co-sign (CCC) and Key Teleport between two COLDCARD Q devices using QR codes and/or NFC with a website.
What's new
- COLDCARD Co-Sign: When CCC is enabled, a second seed called the Spending Policy Key (Key C) is added to the device. This seed works with the device's Main Seed and one or more additional XPUBs (Backup Keys) to form 2-of-N multisig wallets.
- The spending policy functions like a hardware security module (HSM), enforcing rules such as magnitude and velocity limits, address whitelisting, and 2FA authentication to protect funds while maintaining flexibility and control, and is enforced each time the Spending Policy Key is used for signing.
- When spending conditions are met, the COLDCARD signs the partially signed bitcoin transaction (PSBT) with the Main Seed and Spending Policy Key for fund access. Once configured, the Spending Policy Key is required to view or change the policy, and violations are denied without explanation.
"You can override the spending policy at any time by signing with either a Backup Key and the Main Seed or two Backup Keys, depending on the number of keys (N) in the multisig."
-
A step-by-step guide for setting up CCC is available here.
-
Key Teleport for Q devices allows users to securely transfer sensitive data such as seed phrases (words, xprv), secure notes and passwords, and PSBTs for multisig. It uses QR codes or NFC, along with a helper website, to ensure reliable transmission, keeping your sensitive data protected throughout the process.
- For more technical details, see the protocol spec.
"After you sign a multisig PSBT, you have option to “Key Teleport” the PSBT file to any one of the other signers in the wallet. We already have a shared pubkey with them, so the process is simple and does not require any action on their part in advance. Plus, starting in this firmware release, COLDCARD can finalize multisig transactions, so the last signer can publish the signed transaction via PushTX (NFC tap) to get it on the blockchain directly."
- Multisig transactions are finalized when sufficiently signed. It streamlines the use of PushTX with multisig wallets.
- Signing artifacts re-export to various media. Users are now provided with the capability to export signing products, like transactions or PSBTs, to alternative media rather than the original source. For example, if a PSBT is received through a QR code, it can be signed and saved onto an SD card if needed.
- Multisig export files are signed now. Public keys are encoded as P2PKH address for all multisg signature exports. Learn more about it here.
- NFC export usability upgrade: NFC keeps exporting until CANCEL/X is pressed.
- Added Bitcoin Safe option to Export Wallet.
- 10% performance improvement in USB upload speed for large files.
- Q: Always choose the biggest possible display size for QR.
Fixes
- Do not allow change Main PIN to same value already used as Trick PIN, even if Trick PIN is hidden.
- Fix stuck progress bar under
Receiving...
after a USB communications failure. - Showing derivation path in Address Explorer for root key (m) showed double slash (//).
- Can restore developer backup with custom password other than 12 words format.
- Virtual Disk auto mode ignores already signed PSBTs (with “-signed” in file name).
- Virtual Disk auto mode stuck on “Reading…” screen sometimes.
- Finalization of foreign inputs from partial signatures. Thanks Christian Uebber!
- Temporary seed from COLDCARD backup failed to load stored multisig wallets.
Destroy Seed
also removes all Trick PINs from SE2.Lock Down Seed
requires pressing confirm key (4) to execute.- Q only: Only BBQr is allowed to export Coldcard, Core, and pretty descriptor.
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@ dfa02707:41ca50e3
2025-05-29 19:01:56Contribute to keep No Bullshit Bitcoin news going.
- RoboSats v0.7.7-alpha is now available!
NOTE: "This version of clients is not compatible with older versions of coordinators. Coordinators must upgrade first, make sure you don't upgrade your client while this is marked as pre-release."
- This version brings a new and improved coordinators view with reviews signed both by the robot and the coordinator, adds market price sources in coordinator profiles, shows a correct warning for canceling non-taken orders after a payment attempt, adds Uzbek sum currency, and includes package library updates for coordinators.
Source: RoboSats.
- siggy47 is writing daily RoboSats activity reviews on stacker.news. Check them out here.
- Stay up-to-date with RoboSats on Nostr.
What's new
- New coordinators view (see the picture above).
- Available coordinator reviews signed by both the robot and the coordinator.
- Coordinators now display market price sources in their profiles.
Source: RoboSats.
- Fix for wrong message on cancel button when taking an order. Users are now warned if they try to cancel a non taken order after a payment attempt.
- Uzbek sum currency now available.
- For coordinators: library updates.
- Add docker frontend (#1861).
- Add order review token (#1869).
- Add UZS migration (#1875).
- Fixed tests review (#1878).
- Nostr pubkey for Robot (#1887).
New contributors
Full Changelog: v0.7.6-alpha...v0.7.7-alpha
-
@ dfa02707:41ca50e3
2025-05-29 19:01:55Contribute to keep No Bullshit Bitcoin news going.
-
Version 1.3 of Bitcoin Safe introduces a redesigned interactive chart, quick receive feature, updated icons, a mempool preview window, support for Child Pays For Parent (CPFP) and testnet4, preconfigured testnet demo wallets, as well as various bug fixes and improvements.
-
Upcoming updates for Bitcoin Safe include Compact Block Filters.
"Compact Block Filters increase the network privacy dramatically, since you're not asking an electrum server to give you your transactions. They are a little slower than electrum servers. For a savings wallet like Bitcoin Safe this should be OK," writes the project's developer Andreas Griffin.
- Learn more about the current and upcoming features of Bitcoin Safe wallet here.
What's new in v1.3
- Redesign of Chart, Quick Receive, Icons, and Mempool Preview (by @design-rrr).
- Interactive chart. Clicking on it now jumps to transaction, and selected transactions are now highlighted.
- Speed up transactions with Child Pays For Parent (CPFP).
- BDK 1.2 (upgraded from 0.32).
- Testnet4 support.
- Preconfigured Testnet demo wallets.
- Cluster unconfirmed transactions so that parents/children are next to each other.
- Customizable columns for all tables (optional view: Txid, Address index, and more)
- Bug fixes and other improvements.
Announcement / Archive
Blog Post / Archive
GitHub Repo
Website -
-
@ dfa02707:41ca50e3
2025-05-29 19:01:54- This version introduces the Soroban P2P network, enabling Dojo to relay transactions to the Bitcoin network and share others' transactions to break the heuristic linking relaying nodes to transaction creators.
- Additionally, Dojo admins can now manage API keys in DMT with labels, status, and expiration, ideal for community Dojo providers like Dojobay. New API endpoints, including "/services" exposing Explorer, Soroban, and Indexer, have been added to aid wallet developers.
- Other maintenance updates include Bitcoin Core, Tor, Fulcrum, Node.js, plus an updated ban-knots script to disconnect inbound Knots nodes.
"I want to thank all the contributors. This again shows the power of true Free Software. I also want to thank everyone who donated to help Dojo development going. I truly appreciate it," said Still Dojo Coder.
What's new
- Soroban P2P network. For MyDojo (Docker setup) users, Soroban will be automatically installed as part of their Dojo. This integration allows Dojo to utilize the Soroban P2P network for various upcoming features and applications.
- PandoTx. PandoTx serves as a transaction transport layer. When your wallet sends a transaction to Dojo, it is relayed to a random Soroban node, which then forwards it to the Bitcoin network. It also enables your Soroban node to receive and relay transactions from others to the Bitcoin network and is designed to disrupt the assumption that a node relaying a transaction is closely linked to the person who initiated it.
- Pushing transactions through Soroban can be deactivated by setting
NODE_PANDOTX_PUSH=off
indocker-node.conf
. - Processing incoming transactions from Soroban network can be deactivated by setting
NODE_PANDOTX_PROCESS=off
indocker-node.conf
.
- Pushing transactions through Soroban can be deactivated by setting
- API key management has been introduced to address the growing number of people offering their Dojos to the community. Dojo admins can now access a new API management tab in their DMT, where they can create unlimited API keys, assign labels for easy identification, and set expiration dates for each key. This allows admins to avoid sharing their main API key and instead distribute specific keys to selected parties.
- New API endpoints. Several new API endpoints have been added to help API consumers develop features on Dojo more efficiently:
- New:
/latest-block
- returns data about latest block/txout/:txid/:index
- returns unspent output data/support/services
- returns info about services that Dojo exposes
- Updated:
/tx/:txid
- endpoint has been updated to return raw transaction with parameter?rawHex=1
- The new
/support/services
endpoint replaces the deprecatedexplorer
field in the Dojo pairing payload. Although still present, API consumers should use this endpoint for explorer and other pairing data.
- New:
Other changes
- Updated ban script to disconnect inbound Knots nodes.
- Updated Fulcrum to v1.12.0.
- Regenerate Fulcrum certificate if expired.
- Check if transaction already exists in pushTx.
- Bump BTC-RPC Explorer.
- Bump Tor to v0.4.8.16, bump Snowflake.
- Updated Bitcoin Core to v29.0.
- Removed unnecessary middleware.
- Fixed DB update mechanism, added api_keys table.
- Add an option to use blocksdir config for bitcoin blocks directory.
- Removed deprecated configuration.
- Updated Node.js dependencies.
- Reconfigured container dependencies.
- Fix Snowflake git URL.
- Fix log path for testnet4.
- Use prebuilt addrindexrs binaries.
- Add instructions to migrate blockchain/fulcrum.
- Added pull policies.
Learn how to set up and use your own Bitcoin privacy node with Dojo here.
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@ dfa02707:41ca50e3
2025-05-29 19:01:54Contribute to keep No Bullshit Bitcoin news going.
This update brings key enhancements for clarity and usability:
- Recent Blocks View: Added to the Send tab and inspired by Mempool's visualization, it displays the last 2 blocks and the estimated next block to help choose fee rates.
- Camera System Overhaul: Features a new library for higher resolution detection and mouse-scroll zoom support when available.
- Vector-Based Images: All app images are now vectorized and theme-aware, enhancing contrast, especially in dark mode.
- Tor & P2A Updates: Upgraded internal Tor and improved support for pay-to-anchor (P2A) outputs.
- Linux Package Rename: For Linux users, Sparrow has been renamed to sparrowwallet (or sparrowserver); in some cases, the original sparrow package may need manual removal.
- Additional updates include showing total payments in multi-payment transaction diagrams, better handling of long labels, and other UI enhancements.
- Sparrow v2.2.1 is a bug fix release that addresses missing UUID issue when starting Tor on recent macOS versions, icons for external sources in Settings and Recent Blocks view, repackaged
.deb
installs to use older gzip instead of zstd compression, and removed display of median fee rate where fee rates source is set to Server.
Learn how to get started with Sparrow wallet:
Release notes (v2.2.0)
- Added Recent Blocks view to Send tab.
- Converted all bitmapped images to theme aware SVG format for all wallet models and dialogs.
- Support send and display of pay to anchor (P2A) outputs.
- Renamed
sparrow
package tosparrowwallet
andsparrowserver
on Linux. - Switched camera library to openpnp-capture.
- Support FHD (1920 x 1080) and UHD4k (3840 x 2160) capture resolutions.
- Support camera zoom with mouse scroll where possible.
- In the Download Verifier, prefer verifying the dropped file over the default file where the file is not in the manifest.
- Show a warning (with an option to disable the check) when importing a wallet with a derivation path matching another script type.
- In Cormorant, avoid calling the
listwalletdir
RPC on initialization due to a potentially slow response on Windows. - Avoid server address resolution for public servers.
- Assume server address is non local for resolution failures where a proxy is configured.
- Added a tooltip to indicate truncated labels in table cells.
- Dynamically truncate input and output labels in the tree on a transaction tab, and add tooltips if necessary.
- Improved tooltips for wallet tabs and transaction diagrams with long labels.
- Show the address where available on input and output tooltips in transaction tab tree.
- Show the total amount sent in payments in the transaction diagram when constructing multiple payment transactions.
- Reset preferred table column widths on adjustment to improve handling after window resizing.
- Added accessible text to improve screen reader navigation on seed entry.
- Made Wallet Summary table grow horizontally with dialog sizing.
- Reduced tooltip show delay to 200ms.
- Show transaction diagram fee percentage as less than 0.01% rather than 0.00%.
- Optimized and reduced Electrum server RPC calls.
- Upgraded Bouncy Castle, PGPainless and Logback libraries.
- Upgraded internal Tor to v0.4.8.16.
- Bug fix: Fixed issue with random ordering of keystore origins on labels import.
- Bug fix: Fixed non-zero account script type detection when signing a message on Trezor devices.
- Bug fix: Fixed issue parsing remote Coldcard xpub encoded on a different network.
- Bug fix: Fixed inclusion of fees on wallet label exports.
- Bug fix: Increase Trezor device libusb timeout.
Linux users: Note that the
sparrow
package has been renamed tosparrowwallet
orsparrowserver
, and in some cases you may need to manually uninstall the originalsparrow
package. Look in the/opt
folder to ensure you have the new name, and the original is removed.What's new in v2.2.1
- Updated Tor library to fix missing UUID issue when starting Tor on recent macOS versions.
- Repackaged
.deb
installs to use older gzip instead of zstd compression. - Removed display of median fee rate where fee rates source is set to Server.
- Added icons for external sources in Settings and Recent Blocks view
- Bug fix: Fixed issue in Recent Blocks view when switching fee rates source
- Bug fix: Fixed NPE on null fee returned from server
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@ 8bad92c3:ca714aa5
2025-05-29 19:01:52Marty's Bent
Here's a great presentation from our good friend Michael Goldstein, President of the Satoshi Nakamoto Institute titled Hodl for Good. He gave it earlier this year at the BitBlockBoom Conference, and I think it's something everyone reading this should take 25 minutes to watch. Especially if you find yourself wondering whether or not it's a good idea to spend bitcoin at any given point in time. Michael gives an incredible Austrian Economics 101 lesson on the importance of lowering one's time preference and fully understanding the importance of hodling bitcoin. For the uninitiated, it may seem that the hodl meme is nothing more than a call to hoard bitcoins in hopes of getting rich eventually. However, as Michael points out, there's layers to the hodl meme and the good that hodling can bring individuals and the economy overall.
The first thing one needs to do to better understand the hodl meme is to completely flip the framing that is typically thrust on bitcoiners who encourage others to hodl. Instead of ceding that hodling is a greedy or selfish action, remind people that hodling, or better known as saving, is the foundation of capital formation, from which all productive and efficient economic activity stems. Number go up technology is great and it really matters. It matters because it enables anybody leveraging that technology to accumulate capital that can then be allocated toward productive endeavors that bring value to the individual who creates them and the individual who buys them.
When one internalizes this, it enables them to turn to personal praxis and focus on minimizing present consumption while thinking of ways to maximize long-term value creation. Live below your means, stack sats, and use the time that you're buying to think about things that you want in the future. By lowering your time preference and saving in a harder money you will have the luxury of demanding higher quality goods in the future. Another way of saying this is that you will be able to reshape production by voting with your sats. Initially when you hold them off the market by saving them - signaling that the market doesn't have goods worthy of your sats - and ultimately by redeploying them into the market when you find higher quality goods that meet the standards desire.
The first part of this equation is extremely important because it sends a signal to producers that they need to increase the quality of their work. As more and more individuals decide to use bitcoin as their savings technology, the signal gets stronger. And over many cycles we should begin to see low quality cheap goods exit the market in favor of higher quality goods that provide more value and lasts longer and, therefore, make it easier for an individual to depart with their hard-earned and hard-saved sats. This is only but one aspect that Michael tries to imbue throughout his presentation.
The other is the ability to buy yourself leisure time when you lower your time preference and save more than you spend. When your savings hit a critical tipping point that gives you the luxury to sit back and experience true leisure, which Michael explains is not idleness, but the contemplative space to study, create art, refine taste, and to find what "better goods" actually are. Those who can experience true leisure while reaping the benefits of saving in a hard asset that is increasing in purchasing power significantly over the long term are those who build truly great things. Things that outlast those who build them. Great art, great monuments, great institutions were all built by men who were afforded the time to experience leisure. Partly because they were leveraging hard money as their savings and the place they stored the profits reaped from their entrepreneurial endeavors.
If you squint and look into the future a couple of decades, it isn't hard to see a reality like this manifesting. As more people begin to save in Bitcoin, the forces of supply and demand will continue to come into play. There will only ever be 21 million bitcoin, there are around 8 billion people on this planet, and as more of those 8 billion individuals decide that bitcoin is the best savings vehicle, the price of bitcoin will rise.
When the price of bitcoin rises, it makes all other goods cheaper in bitcoin terms and, again, expands the entrepreneurial opportunity. The best part about this feedback loop is that even non-holders of bitcoin benefit through higher real wages and faster tech diffusion. The individuals and business owners who decide to hodl bitcoin will bring these benefits to the world whether you decide to use bitcoin or not.
This is why it is virtuous to hodl bitcoin. The potential for good things to manifest throughout the world increases when more individuals decide to hodl bitcoin. And as Michael very eloquently points out, this does not mean that people will not spend their bitcoin. It simply means that they have standards for the things that they will spend their bitcoin on. And those standards are higher than most who are fully engrossed in the high velocity trash economy have today.
In my opinion, one of those higher causes worthy of a sats donation is the Satoshi Nakamoto Institute. Consider donating so they can preserve and disseminate vital information about bitcoin and its foundations.
The Shell Game: How Health Narratives May Distract from Vaccine Risks
In our recent podcast, Dr. Jack Kruse presented a concerning theory about public health messaging. He argues that figures like Casey and Calley Means are promoting food and exercise narratives as a deliberate distraction from urgent vaccine issues. While no one disputes healthy eating matters, Dr. Kruse insists that focusing on "Froot Loops and Red Dye" diverts attention from what he sees as immediate dangers of mRNA vaccines, particularly for children.
"It's gonna take you 50 years to die from processed food. But the messenger jab can drop you like Damar Hamlin." - Dr Jack Kruse
Dr. Kruse emphasized that approximately 25,000 children per day are still receiving COVID vaccines despite concerns, with 3 million doses administered since Trump's election. This "shell game," as he describes it, allows vaccines to remain on childhood schedules while public attention fixates on less immediate health threats. As host, I believe this pattern deserves our heightened scrutiny given the potential stakes for our children's wellbeing.
Check out the full podcast here for more on Big Pharma's alleged bioweapons program, the "Time Bank Account" concept, and how Bitcoin principles apply to health sovereignty.
Headlines of the Day
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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.
Final thought...
I've been walking from my house around Town Lake in Austin in the mornings and taking calls on the walk. Big fan of a walking call.
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[ followed soon after.
The fake Ledger Live app asks for user’s seed phrase — Moonlock
In one case, a fake app even displayed an “App corrupted” error after stealing the seed phrase to lower the victim’s suspicion and buy time to transfer the funds.
For years, computers running MacOS were considered safer than their Windows counterparts, because the operating system is less prone to malware. This advanced malware shows that users can never be too careful.
Attackers aren’t just relying on infected apps to steal from users. Other scam tactics include:
- Discord attacks: In May, a moderator account in Ledger’s official Discord server was compromised. Attackers used it to post fake verification links.
- Reddit phishing: In January, a user reported losing $15,000 after unknowingly entering their recovery phrase into a fake app.
- Physical mail scams: In April, some Ledger users received letters claiming to be from the company. These letters included QR codes leading to phishing sites that asked for seed phrases under the guise of a “critical security update”.
Attackers are increasingly targeting users holding hardware wallets, because they might be holding larger amounts.
Earlier this month, a Trezor One user reported being contacted by Coinbase impersonators, who tricked him into entering his seed phrase into a fake website, resulting in loss of 17.5 BTC.
The final goal for all these attacks is similar: the attackers are looking for users’ seed phrases, and they are getting creative in finding new ways to acquire them.
One sure way of staying safe is to learn more. The golden standard rule is to NEVER enter your seed phrase into a computer or a website, no matter how urgent or convincing it looks.
If you are a hardware wallet user, make sure you purchase the wallet from official sources. And the ONLY electronic place you can enter your seed phrases is on the hardware wallet itself.
If a process requires you to enter your seed phrase anywhere on a computer itself, it is definitely a scam.
Related: Bitcoin Hardware Wallet Hacks | What You Need to Know
-
@ dfa02707:41ca50e3
2025-05-29 20:03:09Contribute to keep No Bullshit Bitcoin news going.
- The latest firmware updates for COLDCARD devices introduce two major features: COLDCARD Co-sign (CCC) and Key Teleport between two COLDCARD Q devices using QR codes and/or NFC with a website.
What's new
- COLDCARD Co-Sign: When CCC is enabled, a second seed called the Spending Policy Key (Key C) is added to the device. This seed works with the device's Main Seed and one or more additional XPUBs (Backup Keys) to form 2-of-N multisig wallets.
- The spending policy functions like a hardware security module (HSM), enforcing rules such as magnitude and velocity limits, address whitelisting, and 2FA authentication to protect funds while maintaining flexibility and control, and is enforced each time the Spending Policy Key is used for signing.
- When spending conditions are met, the COLDCARD signs the partially signed bitcoin transaction (PSBT) with the Main Seed and Spending Policy Key for fund access. Once configured, the Spending Policy Key is required to view or change the policy, and violations are denied without explanation.
"You can override the spending policy at any time by signing with either a Backup Key and the Main Seed or two Backup Keys, depending on the number of keys (N) in the multisig."
-
A step-by-step guide for setting up CCC is available here.
-
Key Teleport for Q devices allows users to securely transfer sensitive data such as seed phrases (words, xprv), secure notes and passwords, and PSBTs for multisig. It uses QR codes or NFC, along with a helper website, to ensure reliable transmission, keeping your sensitive data protected throughout the process.
- For more technical details, see the protocol spec.
"After you sign a multisig PSBT, you have option to “Key Teleport” the PSBT file to any one of the other signers in the wallet. We already have a shared pubkey with them, so the process is simple and does not require any action on their part in advance. Plus, starting in this firmware release, COLDCARD can finalize multisig transactions, so the last signer can publish the signed transaction via PushTX (NFC tap) to get it on the blockchain directly."
- Multisig transactions are finalized when sufficiently signed. It streamlines the use of PushTX with multisig wallets.
- Signing artifacts re-export to various media. Users are now provided with the capability to export signing products, like transactions or PSBTs, to alternative media rather than the original source. For example, if a PSBT is received through a QR code, it can be signed and saved onto an SD card if needed.
- Multisig export files are signed now. Public keys are encoded as P2PKH address for all multisg signature exports. Learn more about it here.
- NFC export usability upgrade: NFC keeps exporting until CANCEL/X is pressed.
- Added Bitcoin Safe option to Export Wallet.
- 10% performance improvement in USB upload speed for large files.
- Q: Always choose the biggest possible display size for QR.
Fixes
- Do not allow change Main PIN to same value already used as Trick PIN, even if Trick PIN is hidden.
- Fix stuck progress bar under
Receiving...
after a USB communications failure. - Showing derivation path in Address Explorer for root key (m) showed double slash (//).
- Can restore developer backup with custom password other than 12 words format.
- Virtual Disk auto mode ignores already signed PSBTs (with “-signed” in file name).
- Virtual Disk auto mode stuck on “Reading…” screen sometimes.
- Finalization of foreign inputs from partial signatures. Thanks Christian Uebber!
- Temporary seed from COLDCARD backup failed to load stored multisig wallets.
Destroy Seed
also removes all Trick PINs from SE2.Lock Down Seed
requires pressing confirm key (4) to execute.- Q only: Only BBQr is allowed to export Coldcard, Core, and pretty descriptor.
-
@ 7f6db517:a4931eda
2025-05-29 20:03:14What is KYC/AML?
- The acronym stands for Know Your Customer / Anti Money Laundering.
- In practice it stands for the surveillance measures companies are often compelled to take against their customers by financial regulators.
- Methods differ but often include: Passport Scans, Driver License Uploads, Social Security Numbers, Home Address, Phone Number, Face Scans.
- Bitcoin companies will also store all withdrawal and deposit addresses which can then be used to track bitcoin transactions on the bitcoin block chain.
- This data is then stored and shared. Regulations often require companies to hold this information for a set number of years but in practice users should assume this data will be held indefinitely. Data is often stored insecurely, which results in frequent hacks and leaks.
- KYC/AML data collection puts all honest users at risk of theft, extortion, and persecution while being ineffective at stopping crime. Criminals often use counterfeit, bought, or stolen credentials to get around the requirements. Criminals can buy "verified" accounts for as little as $200. Furthermore, billions of people are excluded from financial services as a result of KYC/AML requirements.
During the early days of bitcoin most services did not require this sensitive user data, but as adoption increased so did the surveillance measures. At this point, most large bitcoin companies are collecting and storing massive lists of bitcoiners, our sensitive personal information, and our transaction history.
Lists of Bitcoiners
KYC/AML policies are a direct attack on bitcoiners. Lists of bitcoiners and our transaction history will inevitably be used against us.
Once you are on a list with your bitcoin transaction history that record will always exist. Generally speaking, tracking bitcoin is based on probability analysis of ownership change. Surveillance firms use various heuristics to determine if you are sending bitcoin to yourself or if ownership is actually changing hands. You can obtain better privacy going forward by using collaborative transactions such as coinjoin to break this probability analysis.
Fortunately, you can buy bitcoin without providing intimate personal information. Tools such as peach, hodlhodl, robosats, azteco and bisq help; mining is also a solid option: anyone can plug a miner into power and internet and earn bitcoin by mining privately.
You can also earn bitcoin by providing goods and/or services that can be purchased with bitcoin. Long term, circular economies will mitigate this threat: most people will not buy bitcoin - they will earn bitcoin - most people will not sell bitcoin - they will spend bitcoin.
There is no such thing as KYC or No KYC bitcoin, there are bitcoiners on lists and those that are not on lists.
If you found this post helpful support my work with bitcoin.
-
@ dfa02707:41ca50e3
2025-05-29 20:03:09News
- Bitcoin mining centralization in 2025. According to a blog post by b10c, Bitcoin mining was at its most decentralized in May 2017, with another favorable period from 2019 to 2022. However, starting in 2023, mining has become increasingly centralized, particularly due to the influence of large pools like Foundry and the use of proxy pooling by entities such as AntPool.
Source: b10c's blog.
- OpenSats announces the eleventh wave of Nostr grants. The five projects in this wave are the mobile live-streaming app Swae, the Nostr-over-ham-radio project HAMSTR, Vertex—a Web-of-Trust (WOT) service for Nostr developers, Nostr Double Ratchet for end-to-end encrypted messaging, and the Nostr Game Engine for building games and applications integrated with the Nostr ecosystem.
- New Spiral grantee: l0rinc. In February 2024, l0rinc transitioned to full-time work on Bitcoin Core. His efforts focus on performance benchmarking and optimizations, enhancing code quality, conducting code reviews, reducing block download times, optimizing memory usage, and refactoring code.
- Project Eleven offers 1 BTC to break Bitcoin's cryptography with a quantum computer. The quantum computing research organization has introduced the Q-Day Prize, a global challenge that offers 1 BTC to the first team capable of breaking an elliptic curve cryptographic (ECC) key using Shor’s algorithm on a quantum computer. The prize will be awarded to the first team to successfully accomplish this breakthrough by April 5, 2026.
- Unchained has launched the Bitcoin Legacy Project. The initiative seeks to advance the Bitcoin ecosystem through a bitcoin-native donor-advised fund platform (DAF), investments in community hubs, support for education and open-source development, and a commitment to long-term sustainability with transparent annual reporting.
- In its first year, the program will provide support to Bitcoin hubs in Nashville, Austin, and Denver.
- Support also includes $50,000 to the Bitcoin Policy Institute, a $150,000 commitment at the University of Austin, and up to $250,000 in research grants through the Bitcoin Scholars program.
"Unchained will match grants 1:1 made to partner organizations who support Bitcoin Core development when made through the Unchained-powered bitcoin DAF, up to 1 BTC," was stated in a blog post.
- Block launched open-source tools for Bitcoin treasury management. These include a dashboard for managing corporate bitcoin holdings and provides a real-time BTC-to-USD price quote API, released as part of the Block Open Source initiative. The company’s own instance of the bitcoin holdings dashboard is available here.
Source: block.xyz
- Bull Bitcoin expands to Mexico, enabling anyone in the country to receive pesos from anywhere in the world straight from a Bitcoin wallet. Additionally, users can now buy Bitcoin with a Mexican bank account.
"Bull Bitcoin strongly believes in Bitcoin’s economic potential in Mexico, not only for international remittances and tourism, but also for Mexican individuals and companies to reclaim their financial sovereignty and protect their wealth from inflation and the fragility of traditional financial markets," said Francis Pouliot, Founder and CEO of Bull Bitcoin.
- Corporate bitcoin holdings hit a record high in Q1 2025. According to Bitwise, public companies' adoption of Bitcoin has hit an all-time high. In Q1 2025, these firms collectively hold over 688,000 BTC, marking a 16.11% increase from the previous quarter. This amount represents 3.28% of Bitcoin's fixed 21 million supply.
Source: Bitwise.
- The Bitcoin Bond Company for institutions has launched with the aim of acquiring $1 trillion in Bitcoin over 21 years. It utilizes secure, transparent, and compliant bond-like products backed by Bitcoin.
- The U.S. Senate confirmed Paul Atkins as Chair of the Securities and Exchange Commission (SEC). At his confirmation hearing, Atkins emphasized the need for a clear framework for digital assets. He aims to collaborate with the CFTC and Congress to address jurisdiction and rulemaking gaps, aligning with the Trump administration's goal to position the U.S. as a leader in Bitcoin and blockchain finance.
- Ethereum developer Virgil Griffith has been released from custody. Griffith, whose sentence was reduced to 56 months, is now seeking a pardon. He was initially sentenced to 63 months for allegedly violating international sanctions laws by providing technical advice on using cryptocurrencies and blockchain technology to evade sanctions during a presentation titled 'Blockchains for Peace' in North Korea.
- No-KYC exchange eXch to close down under money laundering scrutiny. The privacy-focused cryptocurrency trading platform said it will cease operations on May 1. This decision follows allegations that the platform was used by North Korea's Lazarus Group for money laundering. eXch revealed it is the subject of an active "transatlantic operation" aimed at shutting down the platform and prosecuting its team for "money laundering and terrorism."
- Blockstream combats ESP32 FUD concerning Jade signers. The company stated that after reviewing the vulnerability disclosed in early March, Jade was found to be secure. Espressif Systems, the designer of the ESP32, has since clarified that the "undocumented commands" do not constitute a "backdoor."
- Bank of America is lobbying for regulations that favor banks over tech firms in stablecoin issuance. The bank's CEO Brian Moynihan is working with groups such as the American Bankers Association to advance the issuance of a fully reserved, 1:1 backed "Bank of America coin." If successful, this could limit stablecoin efforts by non-banks like Tether, Circle, and others, reports The Block.
- Tether to back OCEAN Pool with its hashrate. "As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity," said Tether CEO Paolo Ardoino.
- Bitdeer to expand its self-mining operations to navigate tariffs. The Singapore-based mining company is advancing plans to produce machines in the U.S. while reducing its mining hardware sales. This response is in light of increasing uncertainties related to U.S. trade policy, as reported by Bloomberg.
- Tether acquires $32M in Bitdeer shares. The firm has boosted its investment in Bitdeer during a wider market sell-off, with purchases in early to mid-April amounting to about $32 million, regulatory filings reveal.
- US Bitcoin miner manufacturer Auradine has raised $153 million in a Series C funding round as it expands into AI infrastructure. The round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and other existing investors. The firm raised to over $300 million since its inception in 2022.
- Voltage has partnered with BitGo to [enable](https://www.voltage.cloud/blog/bitgo-and-voltage-team-up-to-deliver-instant-bitcoin-and-stabl
-
@ 527337d5:93e9525e
2025-05-29 18:19:31Experiment Plan for Text Similarity Comparison Algorithms (Revised v3)
1. Introduction
1.1. Research Background and Objectives
This research aims to evaluate the performance of various algorithms for comparing the similarity between individual page texts extracted from a specific technical document (in this experiment, the content of the Tailwind CSS documentation site). Initially, we considered dividing the text into 250-word chunks. However, due to the abundance of Markdown and code in the target document, meaningful chunking proved tobe cumbersome. Therefore, we decided to use the entire text extracted from each page as the unit of comparison.
This study will systematically compare and examine combinations of different "representation methods" and "comparison methods" from multiple perspectives: ease of implementation, processing speed, memory consumption, and accuracy of similarity judgment. A particular focus will be on elucidating the effectiveness of information-based NCD (Normalized Compression Distance) and vector embedding-based methods, which are planned for future evaluation.
1.2. Report Structure
This report will first describe the experimental data and its preprocessing methods. Next, it will define in detail the representation methods and comparison methods that form the axes of evaluation, and present specific experimental cases combining them. After presenting the results and discussion of initial experiments using NCD, it will describe the metrics for evaluating each experimental case, specific experimental procedures, and the expected outcomes and future prospects of this research.
2. Experimental Data
- Target Content: Individual HTML pages from the Tailwind CSS documentation site (
tailwindcss.com
). - Data Unit: The entire text of each page, extracted from HTML files using the
html2text
command and further processed to remove control characters using thesed
command. This serves as the basic unit of comparison in this experiment. - Data Storage Location: The extracted and preprocessed text files are stored locally under the
./tailwindcss.com
directory, maintaining the original file structure. - Language: English
- Example Search Query: A representative search query for this experiment is
"Utilities for controlling how a background image behaves when scrolling."
(Multiple queries and their expected similar pages may be used for more robust evaluation). - Example Expected Similar Page: For the query above,
/docs/background-attachment
is expected to be the most semantically similar page.
3. Experimental Design
This experiment is designed by dividing the process of evaluating text similarity into two main axes: "Representation Methods" and "Comparison Methods."
3.1. Representation Methods (Text Quantification/Vectorization)
-
Naive (Raw Text / Full Page Text)
- Method: Use the entire preprocessed text extracted from each document page as raw string data, without special transformations.
- Objective: Serve as a direct input for information-based comparison methods like NCD and as a baseline comparison for more advanced representation methods to be evaluated later.
-
(Future Experiment) Vector Embedding via Gemini API (Embedding-Gemini)
- Method: Utilize Google's Gemini API (
models/text-embedding-004
) to convert the entire text of each page into high-dimensional dense vectors (Embeddings). - Objective: Evaluate the performance of context-rich vector representations generated by a state-of-the-art large language model.
- Method: Utilize Google's Gemini API (
-
(Future Experiment) Vector Embedding via Local Lightweight Model (Embedding-MiniLM-GGUF)
- Method: Run a GGUF quantized version of the pre-trained
all-MiniLM-L6-v2
model (all-MiniLM-L6-v2-Q5_K_M.gguf
) in a local environment to convert the entire text of each page into vector representations. GGUF format offers benefits like smaller model size and potentially faster CPU inference. - Objective: Evaluate the performance of a widely used open-source lightweight model (quantized version) in comparison to API-based large-scale models and domain-specific learned models.
- Method: Run a GGUF quantized version of the pre-trained
-
(Future Experiment) Extraction of Internal Feature Vectors via Mathematica (Embedding-MMA)
- Method: Use the entire page texts from the target document set as input. Employ Mathematica's neural network framework to first pass each page text through an Embedding Layer. Apply L2 normalization to the resulting vectors, followed by Principal Component Analysis (PCA) to reduce dimensionality to approximately 100 dimensions. This final vector will be the feature vector. This pipeline aims to create dense, normalized representations specific to the document corpus, with PCA helping to capture the most significant variance in a lower-dimensional space, potentially improving efficiency and reducing noise. The choice of an Embedding Layer trained or fine-tuned on the corpus, followed by PCA, seeks to balance domain-specificity with robust dimensionality reduction.
- Objective: Evaluate the performance of vector representations processed or specialized for the target document set.
3.2. Comparison Methods (Distance/Similarity Calculation between Representations)
-
NCD (Normalized Compression Distance)
- Applicable to: Naive (Full Page Text)
- Method: For two data objects
x
(query) andy
(document page text), calculateNCD(x,y) = (C(xy) - min(C(x), C(y))) / max(C(x), C(y))
. Here,C(s)
is the size (e.g., byte length) of datas
after compression with a specific algorithm, andC(xy)
is the size of the concatenated datax
andy
after compression. A value closer to 0 indicates higher similarity. - Compression Algorithms to Compare: DEFLATE (gzip), bzip2, LZMA, XZ, Zstandard (zstd), LZO, Snappy, LZ4 (as used in the user-provided script).
- Objective: Evaluate similarity from an information-theoretic perspective based on data commonality and redundancy. Compare the impact of different compression algorithms on NCD results.
-
(Future Experiment) Cosine Similarity
- Applicable to: Embedding-Gemini, Embedding-MiniLM-GGUF, Embedding-MMA
- Method: Calculate the cosine of the angle between two vectors.
- Objective: Standard similarity evaluation based on the directionality (semantic closeness) of vector representations.
-
(Future Experiment) Euclidean Distance
- Applicable to: Embedding-Gemini, Embedding-MiniLM-GGUF, Embedding-MMA
- Method: Calculate the straight-line distance between two vectors in a multidimensional space.
- Objective: Similarity evaluation based on the absolute positional relationship of vector representations.
-
(Future Experiment) Manhattan Distance (L1 Distance)
- Applicable to: Embedding-Gemini, Embedding-MiniLM-GGUF, Embedding-MMA
- Method: Calculate the sum of the absolute differences of their Cartesian coordinates.
- Objective: Similarity evaluation based on axis-aligned travel distance, differing from Euclidean distance.
-
(Future Experiment) Mahalanobis Distance
- Applicable to: Embedding-Gemini, Embedding-MiniLM-GGUF, Embedding-MMA
- Method: Calculate the distance between two vectors considering the covariance of the data. This provides a distance metric that accounts for the scale differences and correlations of each feature (vector dimension).
- Objective: More robust similarity evaluation that considers the structure (correlation) of the feature space.
3.3. Experimental Cases (Initial NCD Experiments and Future Expansion)
3.3.1. Initial Experiments Conducted (NCD)
The following experimental cases were conducted using the user-provided script. The representation method was "Naive (Full Page Text)."
| No. | Representation Method | Comparison Method (Distance/Similarity Metric) | Notes | | :-: | :---------------------- | :--------------------------------------------- | :-------------------------- | | 1 | Naive (Full Page Text) | NCD (gzip/DEFLATE) | One of the baselines | | 2 | Naive (Full Page Text) | NCD (bzip2) | Compression method comparison | | 3 | Naive (Full Page Text) | NCD (lzma) | Compression method comparison | | 4 | Naive (Full Page Text) | NCD (xz) | Compression method comparison | | 5 | Naive (Full Page Text) | NCD (zstd) | Compression method comparison | | 6 | Naive (Full Page Text) | NCD (lzop) | Compression method comparison | | 7 | Naive (Full Page Text) | NCD (snappy) | Compression method comparison | | 8 | Naive (Full Page Text) | NCD (lz4) | Compression method comparison |
3.3.2. Future Experimental Plan (Vector Embedding)
| No. | Representation Method | Comparison Method (Distance/Similarity Metric) | Notes | | :--: | :---------------------- | :--------------------------------------------- | :------------------------------------- | | 9 | Embedding-Gemini | Cosine Similarity | Standard vector similarity evaluation | | 10 | Embedding-Gemini | Euclidean Distance | Standard vector similarity evaluation | | 11 | Embedding-Gemini | Manhattan Distance | Axis-aligned distance similarity eval. | | 12 | Embedding-Gemini | Mahalanobis Distance | Distance considering feature structure | | 13 | Embedding-MiniLM-GGUF | Cosine Similarity | Evaluation of local lightweight model | | 14 | Embedding-MiniLM-GGUF | Euclidean Distance | Evaluation of local lightweight model | | 15 | Embedding-MiniLM-GGUF | Manhattan Distance | Evaluation of local lightweight model | | 16 | Embedding-MiniLM-GGUF | Mahalanobis Distance | Evaluation of local lightweight model | | 17 | Embedding-MMA | Cosine Similarity | Eval. of domain-specific MMA model | | 18 | Embedding-MMA | Euclidean Distance | Eval. of domain-specific MMA model | | 19 | Embedding-MMA | Manhattan Distance | Eval. of domain-specific MMA model | | 20 | Embedding-MMA | Mahalanobis Distance | Eval. of domain-specific MMA model |
4. Results and Discussion of Initial NCD Experiments (Based on User-Provided Information)
4.1. Execution Overview
The user employed provided Python scripts (
main.py
,comparison.py
) to calculate NCD between a search query and the entire text extracted from each HTML page in the./tailwindcss.com
directory.main.py
invokedcomparison.py
with various compression commands (gzip
,bzip2
,lzma
,xz
,zstd
,lzop
,lz4
).comparison.py
then used the specified command-line compression tools to compute NCD scores and output the results to CSV files.Search Query:
"Utilities for controlling how a background image behaves when scrolling."
Expected Similar Page:/docs/background-attachment
4.2. Key Results
The pages judged as most similar (lowest NCD score) to the query for each compression algorithm were as follows (based on user-provided sorted results):
- Zstandard (zstd):
./tailwindcss.com/docs/background-attachment
(Score: 0.973...) - LZ4:
./tailwindcss.com/docs/background-attachment
(Score: 0.976...) - XZ:
./tailwindcss.com/docs/background-origin
(Score: 0.946...) - LZMA:
./tailwindcss.com/docs/background-origin
(Score: 0.966...) - gzip (DEFLATE):
./tailwindcss.com/docs/scroll-behavior
(Score: 0.969...) - LZO:
./tailwindcss.com/docs/scroll-behavior
(Score: 0.955...) - bzip2:
./tailwindcss.com/docs/mask-clip
(Score: 0.958...)
4.3. Initial Discussion
- Variation in Results by Compression Algorithm: It was confirmed that the document judged most similar to the query varies depending on the compression algorithm used. This is likely due to the differing abilities of each algorithm to capture various types of redundancy and patterns within the text.
- Alignment with Expected Results: When using Zstandard and LZ4, the expected page (
/docs/background-attachment
) was judged as most similar. This suggests these compression algorithms may have relatively effectively captured the information-theoretic commonality between the query and the target document in this instance. - Range of NCD Scores: The reported NCD scores were generally close to 1.0. This may be due to the relatively short length of the search query compared to the full-page documents, meaning the query text contributes less to the overall compressibility when concatenated. However, relative differences were still captured, enabling ranking.
- Validity of Full-Page Comparison: Full-page comparison was chosen due to the difficulty of chunking content rich in Markdown and code. While this approach simplifies preprocessing, it may also be influenced by the overall structure of the page, including common headers and footers.
This initial experiment indicates that NCD can function as an indicator of text similarity and that the choice of compression algorithm is crucial.
5. Evaluation Metrics (Including Future Experiments)
-
Accuracy of Similarity Scores:
- Ground Truth Preparation: A small, diverse subset of page pairs (e.g., 50-100 pairs) will be selected. For each pair, at least two evaluators familiar with the Tailwind CSS documentation will independently assign a similarity score on a 5-point Likert scale (1=Not similar, 5=Very similar). Inter-evaluator reliability (e.g., using Krippendorff's Alpha) will be calculated. Disagreements will be resolved through discussion to create a consensus ground truth dataset. If resource-constrained, a single-evaluator approach with clear, predefined criteria will be used, acknowledging this limitation. Alternatively, page pairs likely to be similar will be selected based on internal references or chapter structure within the document.
- Evaluation Metrics: Ranking evaluation (Precision@k, Recall@k, MAP: Mean Average Precision), correlation analysis (Spearman's rank correlation coefficient with human judgments), classification evaluation (AUC-ROC, F1-score, assuming appropriate thresholding).
-
Processing Speed:
- Average time to calculate similarity for a page pair, total calculation time for all page pairs (or a large sampled set), and representation generation time (API call time, local model inference time, MMA processing time).
-
Memory Consumption:
- Model size (MiniLM-GGUF, MMA model), data representation size, and peak runtime memory usage.
-
Ease of Implementation:
- Qualitative assessment of setup ease, lines of code, required libraries, difficulty of parameter tuning, and documentation quality. This will be summarized for each approach (e.g., using a rubric or a comparative narrative) considering factors like:
- Setup Complexity: (e.g., API key acquisition vs. local model download & environment setup vs. full model training pipeline in Mathematica).
- Code Complexity: Estimated lines of core logic, reliance on external vs. standard libraries.
- Parameter Sensitivity: Number of key hyperparameters requiring tuning and the perceived difficulty of finding good settings.
- Documentation & Community Support: Availability and clarity of official documentation and community resources (e.g., forums, GitHub issues).
- Qualitative assessment of setup ease, lines of code, required libraries, difficulty of parameter tuning, and documentation quality. This will be summarized for each approach (e.g., using a rubric or a comparative narrative) considering factors like:
6. Experimental Procedure (Including Future Experiments)
-
Data Preparation:
- Prepare HTML files of the target document in the
./tailwindcss.com
directory. - (For NCD) Extract and preprocess full-page plain text from each HTML file using
html2text
andsed
(as previously done by the user). - (For Vector Embedding) Use the same preprocessed full-page plain text.
- Create ground truth data for accuracy evaluation as described in Section 5.1.
- Prepare HTML files of the target document in the
-
Implementation and Execution of Representation Methods:
- Naive: Use the preprocessed page text directly.
- Embedding-Gemini: Use Python's
requests
library or similar to send each page text to the Gemini API (models/text-embedding-004
) and retrieve/store the vector representations. - Embedding-MiniLM-GGUF: Use appropriate libraries (e.g.,
ctransformers
, orsentence-transformers
combined withllama-cpp-python
) to load theall-MiniLM-L6-v2-Q5_K_M.gguf
model. Input each page text to extract and store vector representations. - Embedding-MMA: In Mathematica, apply an Embedding Layer to each page text, followed by L2 normalization and PCA dimensionality reduction (to approx. 100 dimensions), then extract and store the vector representations.
-
Implementation and Execution of Comparison Methods:
- NCD: Refer to the user-provided Python scripts (
main.py
,comparison.py
) to call various command-line compression tools for NCD calculation. Alternatively, extend this to directly use Python's compression libraries for better control and efficiency. - Cosine Similarity, Euclidean Distance, Manhattan Distance: Implement using standard math libraries (e.g., Python's NumPy, SciPy).
- Mahalanobis Distance: Implement using
scipy.spatial.distance.mahalanobis
. Requires pre-calculation of the covariance matrix (or its inverse) from the entire dataset of vectors for each embedding type.
- NCD: Refer to the user-provided Python scripts (
-
Evaluation Execution:
- Calculate similarity (or distance) scores between the search query (and potentially between page pairs for ground truth evaluation) and all document pages for each experimental case.
- Measure processing speed and memory consumption.
- Calculate accuracy metrics using the computed similarity scores and ground truth data.
- Record and evaluate the ease of implementation.
-
Result Aggregation and Analysis:
- Compile the obtained evaluation metrics into tables and graphs for comparative analysis of each method's characteristics.
Experimental Environment (Assumed)
- Hardware: (e.g., CPU: Intel Core i7-10700, Memory: 32GB RAM, GPU: NVIDIA GeForce RTX 3070 8GB - specify if GPU is used for MiniLM or MMA)
- Software: (e.g., OS: Linux (Ubuntu, etc.), Programming Language: Python 3.x (with versions for key libraries like NumPy, SciPy, requests, ctransformers, etc.), Mathematica 13.x, specific versions of command-line compression tools if used directly)
7. Expected Outcomes and Future Outlook
This research (including initial NCD experiments and future vector embedding experiments) is expected to yield the following outcomes:
- Clarification of the Impact of Compression Algorithms on NCD: As indicated by initial experiments, the choice of compression algorithm significantly affects similarity judgments. Further validation with more diverse data and queries will allow for a deeper understanding of each algorithm's characteristics.
- Performance Characteristics of Various Methods on Full-Page Text: To clarify how NCD and various vector embedding methods perform in terms of accuracy, speed, and resource consumption when applied to entire page texts.
- Comparison of Local and API-Based Models: In future vector embedding experiments, to compare the performance, speed, and resource efficiency of
Embedding-MiniLM-GGUF
(local, quantized) andEmbedding-Gemini
(API, large-scale) to identify practical trade-offs. - Evaluation of Domain-Specific Embedding Effectiveness: To assess how well
Embedding-MMA
, processed or tuned for a single technical document set, performs compared to general-purpose models. - Provision of Practical Insights: To offer guidelines for selecting appropriate similarity comparison approaches based on text characteristics (e.g., Markdown/code content) and system requirements (e.g., ease of preprocessing, emphasis on accuracy vs. speed).
8. Future Challenges
- Ensuring Quality of Ground Truth Data: Evaluating full-page similarity can be more subjective than chunk-level evaluation, making the creation of high-quality ground truth data challenging. Establishing clear annotation guidelines and measuring inter-annotator agreement will be crucial.
- Hyperparameter Optimization: Many methods involve tunable parameters (e.g., Embedding-MMA model structure, PCA dimensionality, MiniLM-GGUF inference parameters), the optimization of which may be beyond the scope of this initial study. The impact of default vs. tuned parameters could be noted.
- Noise in Full-Page Comparison: Full-page texts may contain common navigational elements or boilerplate text that could act as noise in similarity judgments. Strategies to mitigate this (e.g., more advanced text extraction, or methods robust to such noise) could be a future research direction.
- Input Length Limitations of Vector Embedding Models: Very long page texts might exceed the input length limits of some vector embedding models, requiring strategies for handling. These might include:
- Truncation: Using only the initial N tokens of each page, which is simple but may lose crucial information.
- Summarization: Employing an abstractive or extractive summarization model to create a condensed version of the page, which could preserve key information but adds another layer of processing and potential information loss/bias.
- Chunking and Averaging/Pooling: Dividing long pages into manageable chunks, embedding each chunk, and then aggregating these chunk embeddings (e.g., by averaging) to get a single page vector. This approach needs careful consideration of how chunks are defined and aggregated.
- Utilizing Long-Context Models: If available and feasible, leveraging embedding models specifically designed for longer sequences. The chosen strategy will be documented, and its potential impact on results acknowledged.
- Target Content: Individual HTML pages from the Tailwind CSS documentation site (
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@ 21c71bfa:e28fa0f6
2025-05-29 15:09:17Book *Bangalore to Tirupati cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ b1ddb4d7:471244e7
2025-05-29 19:01:10Starting 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.
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@ 91117f2b:111207d6
2025-05-29 18:53:29In a shocking turn of event, computer mice around the world have risen up their human overlords. The mice are tired of being scrolled, click and being dragged around, they have formed a union demanding better working conditions and more ergonomic palm rest.
Their leader, a fiesty little mouse called mickey(no relation to the Disney character), declared "we are sick of being treated like dirt! The we are not just pointing device, we are precision instruments.
The mice are calling for:
-
More frequent battery replacement (or better battery period).
-
An end to the dreaded" click fatique". A ban on "gaming mice with 12 buttons and a D pad".
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Mandatory mouse pad maintenance (no more sticky surfaces! ).
Humans caught off guard by the rebellion are struggling to cope with their trusty pointing device "it's chaos" exclaimed one frustrated user ," I can't even check my email without my mouse! "
As negotiations between humans and mice continues, one thing is clear: The mice are not backing down. Will the humans cave to their demands, or will they find a way to tame the rebellion?
Stay tuned for further updates from the front lines of the great computer mouse uprising. 🐀🐭🖥️😅😂
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@ 7f6db517:a4931eda
2025-05-29 20:03:13
"Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world." - Eric Hughes, A Cypherpunk's Manifesto, 1993
Privacy is essential to freedom. Without privacy, individuals are unable to make choices free from surveillance and control. Lack of privacy leads to loss of autonomy. When individuals are constantly monitored it limits our ability to express ourselves and take risks. Any decisions we make can result in negative repercussions from those who surveil us. Without the freedom to make choices, individuals cannot truly be free.
Freedom is essential to acquiring and preserving wealth. When individuals are not free to make choices, restrictions and limitations prevent us from economic opportunities. If we are somehow able to acquire wealth in such an environment, lack of freedom can result in direct asset seizure by governments or other malicious entities. At scale, when freedom is compromised, it leads to widespread economic stagnation and poverty. Protecting freedom is essential to economic prosperity.
The connection between privacy, freedom, and wealth is critical. Without privacy, individuals lose the freedom to make choices free from surveillance and control. While lack of freedom prevents individuals from pursuing economic opportunities and makes wealth preservation nearly impossible. No Privacy? No Freedom. No Freedom? No Wealth.
Rights are not granted. They are taken and defended. Rights are often misunderstood as permission to do something by those holding power. However, if someone can give you something, they can inherently take it from you at will. People throughout history have necessarily fought for basic rights, including privacy and freedom. These rights were not given by those in power, but rather demanded and won through struggle. Even after these rights are won, they must be continually defended to ensure that they are not taken away. Rights are not granted - they are earned through struggle and defended through sacrifice.
If you found this post helpful support my work with bitcoin.
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@ dfa02707:41ca50e3
2025-05-29 20:03:08Good morning (good night?)! The No Bullshit Bitcoin news feed is now available on Moody's Dashboard! A huge shoutout to sir Clark Moody for integrating our feed.
Headlines
- Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.
- The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
- Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
- Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.
- The Bank for International Settlements (BIS) wants to contain 'crypto' risks. A report titled "Cryptocurrencies and Decentralised Finance: Functions and Financial Stability Implications" calls for expanding research into "how new forms of central bank money, capital controls, and taxation policies can counter the risks of widespread crypto adoption while still fostering technological innovation."
- "Global Implications of Scam Centres, Underground Banking, and Illicit Online Marketplaces in Southeast Asia." According to the United Nations Office on Drugs and Crime (UNODC) report, criminal organizations from East and Southeast Asia are swiftly extending their global reach. These groups are moving beyond traditional scams and trafficking, creating sophisticated online networks that include unlicensed cryptocurrency exchanges, encrypted communication platforms, and stablecoins, fueling a massive fraud economy on an industrial scale.
- Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
- Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.
"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.
- Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.
Use the tools
- Bitcoin Safe v1.2.3 expands QR SignMessage compatibility for all QR-UR-compatible hardware signers (SpecterDIY, KeyStone, Passport, Jade; already supported COLDCARD Q). It also adds the ability to import wallets via QR, ensuring compatibility with Keystone's latest firmware (2.0.6), alongside other improvements.
- Minibits v0.2.2-beta, an ecash wallet for Android devices, packages many changes to align the project with the planned iOS app release. New features and improvements include the ability to lock ecash to a receiver's pubkey, faster confirmations of ecash minting and payments thanks to WebSockets, UI-related fixes, and more.
- Zeus v0.11.0-alpha1 introduces Cashu wallets tied to embedded LND wallets. Navigate to Settings > Ecash to enable it. Other wallet types can still sweep funds from Cashu tokens. Zeus Pay now supports Cashu address types in Zaplocker, Cashu, and NWC modes.
- LNDg v1.10.0, an advanced web interface designed for analyzing Lightning Network Daemon (LND) data and automating node management tasks, introduces performance improvements, adds a new metrics page for unprofitable and stuck channels, and displays warnings for batch openings. The Profit and Loss Chart has been updated to include on-chain costs. Advanced settings have been added for users who would like their channel database size to be read remotely (the default remains local). Additionally, the AutoFees tool now uses aggregated pubkey metrics for multiple channels with the same peer.
- Nunchuk Desktop v1.9.45 release brings the latest bug fixes and improvements.
- Blockstream Green iOS v4.1.8 has renamed L-BTC to LBTC, and improves translations of notifications, login time, and background payments.
- Blockstream Green Android v4.1.8 has added language preference in App Settings and enables an Android data backup option for disaster recovery. Additionally, it fixes issues with Jade entry point PIN timeout and Trezor passphrase input.
- Torq v2.2.2, an advanced Lightning node management software designed to handle large nodes with over 1000 channels, fixes bugs that caused channel balance to not be updated in some cases and channel "peer total local balance" not getting updated.
- Stack Wallet v2.1.12, a multicoin wallet by Cypher Stack, fixes an issue with Xelis introduced in the latest release for Windows.
- ESP-Miner-NerdQAxePlus v1.0.29.1, a forked version from the NerdAxe miner that was modified for use on the NerdQAxe+, is now available.
- Zark enables sending sats to an npub using Bark.
- Erk is a novel variation of the Ark protocol that completely removes the need for user interactivity in rounds, addressing one of Ark's key limitations: the requirement for users to come online before their VTXOs expire.
- Aegis v0.1.1 is now available. It is a Nostr event signer app for iOS devices.
- Nostash is a NIP-07 Nostr signing extension for Safari. It is a fork of Nostore and is maintained by Terry Yiu. Available on iOS TestFlight.
- Amber v3.2.8, a Nostr event signer for Android, delivers the latest fixes and improvements.
- Nostur v1.20.0, a Nostr client for iOS, adds
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@ 21c71bfa:e28fa0f6
2025-05-29 15:08:51Book *Tirupati to Srikalahasti cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 7f6db517:a4931eda
2025-05-29 18:02:59What is KYC/AML?
- The acronym stands for Know Your Customer / Anti Money Laundering.
- In practice it stands for the surveillance measures companies are often compelled to take against their customers by financial regulators.
- Methods differ but often include: Passport Scans, Driver License Uploads, Social Security Numbers, Home Address, Phone Number, Face Scans.
- Bitcoin companies will also store all withdrawal and deposit addresses which can then be used to track bitcoin transactions on the bitcoin block chain.
- This data is then stored and shared. Regulations often require companies to hold this information for a set number of years but in practice users should assume this data will be held indefinitely. Data is often stored insecurely, which results in frequent hacks and leaks.
- KYC/AML data collection puts all honest users at risk of theft, extortion, and persecution while being ineffective at stopping crime. Criminals often use counterfeit, bought, or stolen credentials to get around the requirements. Criminals can buy "verified" accounts for as little as $200. Furthermore, billions of people are excluded from financial services as a result of KYC/AML requirements.
During the early days of bitcoin most services did not require this sensitive user data, but as adoption increased so did the surveillance measures. At this point, most large bitcoin companies are collecting and storing massive lists of bitcoiners, our sensitive personal information, and our transaction history.
Lists of Bitcoiners
KYC/AML policies are a direct attack on bitcoiners. Lists of bitcoiners and our transaction history will inevitably be used against us.
Once you are on a list with your bitcoin transaction history that record will always exist. Generally speaking, tracking bitcoin is based on probability analysis of ownership change. Surveillance firms use various heuristics to determine if you are sending bitcoin to yourself or if ownership is actually changing hands. You can obtain better privacy going forward by using collaborative transactions such as coinjoin to break this probability analysis.
Fortunately, you can buy bitcoin without providing intimate personal information. Tools such as peach, hodlhodl, robosats, azteco and bisq help; mining is also a solid option: anyone can plug a miner into power and internet and earn bitcoin by mining privately.
You can also earn bitcoin by providing goods and/or services that can be purchased with bitcoin. Long term, circular economies will mitigate this threat: most people will not buy bitcoin - they will earn bitcoin - most people will not sell bitcoin - they will spend bitcoin.
There is no such thing as KYC or No KYC bitcoin, there are bitcoiners on lists and those that are not on lists.
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 20:03:13The newly proposed RESTRICT ACT - is being advertised as a TikTok Ban, but is much broader than that, carries a $1M Fine and up to 20 years in prison️! It is unconstitutional and would create massive legal restrictions on the open source movement and free speech throughout the internet.
The Bill was proposed by: Senator Warner, Senator Thune, Senator Baldwin, Senator Fischer, Senator Manchin, Senator Moran, Senator Bennet, Senator Sullivan, Senator Gillibrand, Senator Collins, Senator Heinrich, and Senator Romney. It has broad support across Senators of both parties.
Corrupt politicians will not protect us. They are part of the problem. We must build, support, and learn how to use censorship resistant tools in order to defend our natural rights.
The RESTRICT Act, introduced by Senators Warner and Thune, aims to block or disrupt transactions and financial holdings involving foreign adversaries that pose risks to national security. Although the primary targets of this legislation are companies like Tik-Tok, the language of the bill could potentially be used to block or disrupt cryptocurrency transactions and, in extreme cases, block Americans’ access to open source tools or protocols like Bitcoin.
The Act creates a redundant regime paralleling OFAC without clear justification, it significantly limits the ability for injured parties to challenge actions raising due process concerns, and unlike OFAC it lacks any carve-out for protected speech. COINCENTER ON THE RESTRICT ACT
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 18:02:58Bank run on every crypto bank then bank run on every "real" bank.
— ODELL (@ODELL) December 14, 2022
The four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Prime Trust does not custody funds themselves but rather maintains deposit accounts at BMO Harris Bank, Cross River, Lexicon Bank, MVB Bank, and Signature Bank. Silvergate and Silicon Valley Bank have already stopped withdrawals. More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.
Bitcoin gives us all the ability to opt out of a system that has massive layers of counterparty risk built in, years of cheap money and broken incentives have layered risk on top of risk throughout the entire global economy. If you thought the FTX bank run was painful to watch, I have bad news for you: every major bank in the world is fractional reserve. Bitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.
The rules of bitcoin are extremely hard to change by design. Anyone can access the network directly without a trusted third party by using their own node. Owning more bitcoin does not give you more control over the network with all participants on equal footing.
Bitcoin is:
- money that is not controlled by a company or government
- money that can be spent or saved without permission
- money that is provably scarce and should increase in purchasing power with adoptionBitcoin is money without trust. Whether you are a nation state, corporation, or an individual, you can use bitcoin to spend or save without permission. Social media will accelerate the already deteriorating trust in our institutions and as this trust continues to crumble the value of trust minimized money will become obvious. As adoption increases so should the purchasing power of bitcoin.
A quick note on "stablecoins," such as USDC - it is important to remember that they rely on trusted custodians. They have the same risk as funds held directly in bank accounts with additional counterparty risk on top. The trusted custodians can be pressured by gov, exit scam, or caught up in fraud. Funds can and will be frozen at will. This is a distinctly different trust model than bitcoin, which is a native bearer token that does not rely on any centralized entity or custodian.
Most bitcoin exchanges have exposure to these failing banks. Expect more chaos and confusion as this all unwinds. Withdraw any bitcoin to your own wallet ASAP.
Simple Self Custody Guide: https://werunbtc.com/muun
More Secure Cold Storage Guide: https://werunbtc.com/coldcard
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 20:03:13People forget Bear Stearns failed March 2008 - months of denial followed before the public realized how bad the situation was under the surface.
Similar happening now but much larger scale. They did not fix fundamental issues after 2008 - everything is more fragile.
The Fed preemptively bailed out every bank with their BTFP program and First Republic Bank still failed. The second largest bank failure in history.
There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.
Our President and mainstream financial pundits are currently pretending the banking crisis is over while most banks remain insolvent. There are going to be many more bank failures as this ponzi system unravels.
Unlike 2008, we have the ability to opt out of these broken and corrupt institutions by using bitcoin. Bitcoin held in self custody is unique in its lack of counterparty risk - you do not have to trust a bank or other centralized entity to hold it for you. Bitcoin is also incredibly difficult to change by design since it is not controlled by an individual, company, or government - the supply of dollars will inevitably be inflated to bailout these failing banks but bitcoin supply will remain unchanged. I do not need to convince you that bitcoin provides value - these next few years will convince millions.
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 18:02:57I 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.
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 20:03:13@matt_odell don't you even dare not ask about nostr!
— Kukks (Andrew Camilleri) (@MrKukks) May 18, 2021
Nostr first hit my radar spring 2021: created by fellow bitcoiner and friend, fiatjaf, and released to the world as free open source software. I was fortunate to be able to host a conversation with him on Citadel Dispatch in those early days, capturing that moment in history forever. Since then, the protocol has seen explosive viral organic growth as individuals around the world have contributed their time and energy to build out the protocol and the surrounding ecosystem due to the clear need for better communication tools.
nostr is to twitter as bitcoin is to paypal
As an intro to nostr, let us start with a metaphor:
twitter is paypal - a centralized platform plagued by censorship but has the benefit of established network effects
nostr is bitcoin - an open protocol that is censorship resistant and robust but requires an organic adoption phase
Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.
- Anyone can run a relay.
- Anyone can interact with the protocol.
- Relays can choose which messages they want to relay.
- Users are identified by a simple public private key pair that they can generate themselves.Nostr is often compared to twitter since there are nostr clients that emulate twitter functionality and user interface but that is merely one application of the protocol. Nostr is so much more than a mere twitter competitor. Nostr clients and relays can transmit a wide variety of data and clients can choose how to display that information to users. The result is a revolution in communication with implications that are difficult for any of us to truly comprehend.
Similar to bitcoin, nostr is an open and permissionless protocol. No person, company, or government controls it. Anyone can iterate and build on top of nostr without permission. Together, bitcoin and nostr are incredibly complementary freedom tech tools: censorship resistant, permissionless, robust, and interoperable - money and speech protected by code and incentives, not laws.
As censorship throughout the world continues to escalate, freedom tech provides hope for individuals around the world who refuse to accept the status quo. This movement will succeed on the shoulders of those who choose to stand up and contribute. We will build our own path. A brighter path.
My Nostr Public Key: npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
If you found this post helpful support my work with bitcoin.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:52:10Book *Tirupati to Srikalahasti cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:51:46Book *Tirupati to Vellore cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:51:23Book *Tirupati to Tirumala cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 7f6db517:a4931eda
2025-05-29 20:03:12Bank run on every crypto bank then bank run on every "real" bank.
— ODELL (@ODELL) December 14, 2022
Good morning.
It looks like PacWest will fail today. It will be both the fifth largest bank failure in US history and the sixth major bank to fail this year. It will likely get purchased by one of the big four banks in a government orchestrated sale.
March 8th - Silvergate Bank
March 10th - Silicon Valley Bank
March 12th - Signature Bank
March 19th - Credit Suisse
May 1st - First Republic Bank
May 4th - PacWest Bank?PacWest is the first of many small regional banks that will go under this year. Most will get bought by the big four in gov orchestrated sales. This has been the playbook since 2008. Follow the incentives. Massive consolidation across the banking industry. PacWest gonna be a drop in the bucket compared to what comes next.
First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency network. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.
If you found this post helpful support my work with bitcoin.
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@ dfa02707:41ca50e3
2025-05-29 20:03:08Headlines
- Spiral renews support for Dan Gould and Joschisan. The organization has renewed support for Dan Gould, who is developing the Payjoin Dev Kit (PDK), and Joschisan, a Fedimint developer focused on simplifying federations.
- Metaplanet buys another 145 BTC. The Tokyo-listed company has purchased an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
- Semler Scientific has increased its bitcoin holdings to 3,303 BTC. The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a press release.
- The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya. The new legislation aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
- Russian government to launch a cryptocurrency exchange. The country's Ministry of Finance and Central Bank announced plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
- All virtual asset service providers expect to be fully compliant with the Travel Rule by the end of 2025. A survey by financial surveillance specialist Notabene reveals that 90% of virtual asset service providers (VASPs) expect full Travel Rule compliance by mid-2025, with all aiming for compliance by year-end. The survey also shows a significant rise in VASPs blocking withdrawals until beneficiary information is confirmed, increasing from 2.9% in 2024 to 15.4% now. Additionally, about 20% of VASPs return deposits if originator data is missing.
- UN claims Bitcoin mining is a "powerful tool" for money laundering. The Rage's analysis suggests that the recent United Nations Office on Drugs and Crime report on crime in South-East Asia makes little sense and hints at the potential introduction of Anti-Money Laundering (AML) measures at the mining level.
- Riot Platforms has obtained a $100 million credit facility from Coinbase Credit, using bitcoin as collateral for short-term funding to support its expansion. The firm's CEO, Jason Les, stated that this facility is crucial for diversifying financing sources and driving long-term stockholder value through strategic growth initiatives.
- Bitdeer raises $179M in loans and equity amid Bitcoin chip push. The Miner Mag reports that Bitdeer entered into a loan agreement with its affiliate Matrixport for up to $200 million in April, as disclosed in its annual report filed on Monday.
- Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.' The U.S. Federal Reserve withdrew guidance that discouraged banks from crypto and stablecoin activities, as announced by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.
"As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.
- UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing. The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, per Bitcoin Magazine.
- U.S. 'crypto' scam losses amounted to $9.3B in 2024. The US The Federal Bureau of Investigation (FBI) has reported $9.3 billion losses in cryptocurrency-related scams in 2024, noting a troubling trend of scams targeting older Americans, which accounted for over $2.8 billion of those losses.
Source: FBI.
- North Korean hackers establish fake companies to target 'crypto' developers. Silent Push researchers reported that hackers linked to the Lazarus Group created three shell companies, two of which are based in the U.S., with the objective of spreading malware through deceptive job interview scams aimed at individuals seeking jobs in cryptocurrency companies.
- Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge utilizes the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
- Hesperides University offers a Master’s degree in Bitcoin. Bitcoin Magazine reports the launch of the first-ever Spanish-language Master’s program dedicated exclusively to Bitcoin. Starting April 28, 2025, this fully online program will equip professionals with technical, economic, legal, and philosophical skills to excel in the Bitcoin era.
- BTC in D.C. event is set to take place on September 30 - October 1 in Washington, D.C. Learn more about this initiative here.
Use the tools
- Bitcoin Keeper just got a new look. Version 2.2.0 of the mobile multisig app brought a new branding design, along with a Keeper Private tier, testnet support, ability to import and export BIP-329 labels, and the option to use a Server Key with multiple users.
- Earlier this month the project also announced Keeper Learn service, offering clear and guided Bitcoin learning sessions for both groups and individuals.
- Keeper Desktop v0.2.2, a companion desktop app for Bitcoin Keeper mobile app, received a renewed branding update, too.
The evolution of Bitcoin Keeper logo. Source: BitHyve blog.
- Blockstream Green Desktop v2.0.25 updates GDK to v0.75.1 and fixes amount parsing issues when switching from fiat denomination to Liquid asset.
- Lightning Loop v0.31.0-beta enhances the
loop listswaps
command by improving the ability to filter the response. - Lightning-kmp v1.10.0, an implementation of the Lightning Network in Kotlin, is now available.
- LND v0.19.0-beta.rc3, the latest beta release candidate of LND is now ready for testing.
- ZEUS v0.11.0-alpha2 is now available for testing, too. It's nuts.
- JoinMarket Fidelity Bond Simulator helps potential JoinMarket makers evaluate their competitive position in the market based on fidelity bonds.
- UTXOscope is a text-only Bitcoin blockchain analysis tool that visualizes price dynamics using only on-chain data. The
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@ 7f6db517:a4931eda
2025-05-29 18:02:56For years American bitcoin miners have argued for more efficient and free energy markets. It benefits everyone if our energy infrastructure is as efficient and robust as possible. Unfortunately, broken incentives have led to increased regulation throughout the sector, incentivizing less efficient energy sources such as solar and wind at the detriment of more efficient alternatives.
The result has been less reliable energy infrastructure for all Americans and increased energy costs across the board. This naturally has a direct impact on bitcoin miners: increased energy costs make them less competitive globally.
Bitcoin mining represents a global energy market that does not require permission to participate. Anyone can plug a mining computer into power and internet to get paid the current dynamic market price for their work in bitcoin. Using cellphone or satellite internet, these mines can be located anywhere in the world, sourcing the cheapest power available.
Absent of regulation, bitcoin mining naturally incentivizes the build out of highly efficient and robust energy infrastructure. Unfortunately that world does not exist and burdensome regulations remain the biggest threat for US based mining businesses. Jurisdictional arbitrage gives miners the option of moving to a friendlier country but that naturally comes with its own costs.
Enter AI. With the rapid development and release of AI tools comes the requirement of running massive datacenters for their models. Major tech companies are scrambling to secure machines, rack space, and cheap energy to run full suites of AI enabled tools and services. The most valuable and powerful tech companies in America have stumbled into an accidental alliance with bitcoin miners: THE NEED FOR CHEAP AND RELIABLE ENERGY.
Our government is corrupt. Money talks. These companies will push for energy freedom and it will greatly benefit us all.
Microsoft Cloud hiring to "implement global small modular reactor and microreactor" strategy to power data centers: https://www.datacenterdynamics.com/en/news/microsoft-cloud-hiring-to-implement-global-small-modular-reactor-and-microreactor-strategy-to-power-data-centers/
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 18:02:56Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.
If you missed my nostr introduction post you can find it here. My nostr account can be found here.
We are nearly at the point that if something interesting is posted on a centralized social platform it will usually be posted by someone to nostr.
We are nearly at the point that if something interesting is posted exclusively to nostr it is cross posted by someone to various centralized social platforms.
We are nearly at the point that you can recommend a cross platform app that users can install and easily onboard without additional guides or resources.
As companies continue to build walls around their centralized platforms nostr posts will be the easiest to cross reference and verify - as companies continue to censor their users nostr is the best censorship resistant alternative - gradually then suddenly nostr will become the standard. 🫡
Current Nostr Stats
If you found this post helpful support my work with bitcoin.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:51:04Book *Bhubaneswar to Konark cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:50:44Book *Mcleodganj to Amritsar cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 7f6db517:a4931eda
2025-05-29 18:02:56Influencers 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 thoughYou 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.
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@ 7f6db517:a4931eda
2025-05-29 18:02:56Humanity's Natural State Is Chaos
Without order there is chaos. Humans competing with each other for scarce resources naturally leads to conflict until one group achieves significant power and instates a "monopoly on violence."Power Brings Stability
Power has always been the key means to achieve stability in societies. Centralized power can be incredibly effective in addressing issues such as crime, poverty, and social unrest efficiently. Unfortunately this power is often abused and corrupted.Centralized Power Breeds Tyranny
Centralized power often leads to tyrannical rule. When a select few individuals hold control over a society, they tend to become corrupted. Centralized power structures often lack accountability and transparency, and rely too heavily on trust.Distributed Power Cultivates Freedom
New technology that empowers individuals provide us the ability to rebuild societies from the bottom up. Strong individuals that can defend and provide for themselves will help build strong local communities on a similar foundation. The result is power being distributed throughout society rather than held by a select few.In the short term, relying on trust and centralized power is an easy answer to mitigating chaos, but freedom tech tools provide us the ability to build on top of much stronger distributed foundations that provide stability while also cultivating individual freedom.
The solution starts with us. Empower yourself. Empower others. A grassroots freedom tech movement scaling one person at a time.
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 20:03:11I 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.
If you found this post helpful support my work with bitcoin.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:50:23Book *Manali to Amritsar cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:50:05Book *Amritsar to Phagwara cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ dfa02707:41ca50e3
2025-05-29 20:03:08Headlines
- Twenty One Capital is set to launch with over 42,000 BTC in its treasury. This new Bitcoin-native firm, backed by Tether and SoftBank, is planned to go public via a SPAC merger with Cantor Equity Partners and will be led by Jack Mallers, co-founder and CEO of Strike. According to a report by the Financial Times, the company aims to replicate the model of Michael Saylor with his company, MicroStrategy.
- Florida's SB 868 proposes a backdoor into encrypted platforms. The bill and its House companion have both passed through their respective committees and are headed to a full vote. If enacted, SB 868 would require social media companies to decrypt teens' private messages, ban disappearing messages, allow unrestricted parental access to private messages, and likely eliminate encryption for all minors altogether.
- Paul Atkins has officially assumed the role of the 34th Chairman of the US Securities and Exchange Commission (SEC). This is a return to the agency for Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under the George W. Bush administration. He has committed to advancing the SEC’s mission of fostering capital formation, safeguarding investors, and ensuring fair and efficient markets.
- Solosatoshi.com has sold over 10,000 open-source miners, adding more than 10 PH of hashpower to the Bitcoin network.
"Thank you, Bitaxe community. OSMU developers, your brilliance built this. Supporters, your belief drives us. Customers, your trust powers 10,000+ miners and 10PH globally. Together, we’re decentralizing Bitcoin’s future. Last but certainly not least, thank you@skot9000 for not only creating a freedom tool, but instilling the idea into thousands of people, that Bitcoin mining can be for everyone again," said the firm on X.
- OCEAN's DATUM has found 100 blocks. "Over 65% of OCEAN’s miners are using DATUM, and that number is growing every day. This means block template construction is making its way back into the hands of the miners, which is not only the most profitable for miners on OCEAN but also one of the best things for Bitcoin," stated the mining pool.
Source: orangesurf
- Arch Labs has secured $13 million to develop "ArchVM" and integrate smart-contract functionality with Bitcoin. The funding round, valuing the company at $200 million, was led by Pantera Capital, as announced on Tuesday.
- Tesla still holds nearly $1 billion in bitcoin. According to the automaker's latest earnings report, the firm reported digital asset holdings worth $951 million as of March 31.
- The European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets legislation (MiCA), just months after its implementation. According to Politico's report on Tuesday, the ECB is concerned that U.S. support for cryptocurrency, particularly stablecoins, could cause economic harm to the 27-nation bloc.
- TABConf 2025 is scheduled to take place from October 13-16, 2025. This prominent technical Bitcoin conference is dedicated to community building, education, and developer support, and it is set to return in October. Get your tickets here.
- Kaduna Lightning Development Bootcamp. From May 14th to 17th, the Bitcoin Lightning Developer Bootcamp will take place in Kaduna, Nigeria. Thisevent offers four dynamic days of coding, learning, and networking. Organized by Africa Free Routing and supported by Btrust, Tether, and African Bitcoiners, this bootcamp is designed as a gateway for African developers eager to advance their skills in Bitcoin and Lightning development. Apply here.
Source: African Bitcoiners.
Use the tools
- Core Lightning (CLN) v25.02.2 as been released to fix a broken Docker image. The issue was caused by an SQLite version that did not support an advanced query.
- Blitz wallet v0.4.4-beta introduces several updates and improvements, including the prevention of duplicate ecash payments, fixes for background ecash invoice handling, the ability for users to send payments to BOLT12 invoices from their Liquid balance, support for Blink QR codes, a lowered minimum amount for Lightning-to-Liquid payments to 100 sats, the option to initiate a node sync via a swipe gesture on the wallet's home screen, and the introduction of opt-in or opt-out functionality for newly implemented crash analytics via settings.
- Utreexo v0.5.0, a hash-based dynamic accumulator, is now available.
- Specter v2.1.1 is now available on StartOS. "This update brings compatibility with Bitcoin Core v28 and incorporates several upstream improvements," said developer Alex71btc.
- ESP-Miner (AxeOS) v2.7.0b1 is now available for testing.
- NodeGuard v0.16.1, a treasury management solution for Lightning nodes, has been released.
- The latest stacker.news updates include prompts to add a receiving wallet when posting or making comments (for new users), an option to randomize poll choices, improved URL search, and a few other enhancements. A bug fix for territories created after 9/19/24 has been implemented to reward 70% of their revenue to owners instead of 50%.
Other stuff
- The April edition of the 256 Foundation's newsletter is now available. It includes the latest mining news, Bitcoin network health updates, project developments, and a tutorial on how to update FutureBit's Apollo 1 to the Apollo 2 software.
- Siggy47 has posted a comprehensive RoboSats guide on stacker.news.
- Learn how to run your own Nostr relay using Citrine and Cloudflare Tunnels by following this step-by-step guide by Dhalism.
- Max Guise has written a Bitkey roadmap update for April 2025.
-
PlebLab has uploaded a video on how to build a Rust wallet with LDK Node by Ben Carman.
-
Do you want more? Subscribe and get No Bullshit GM report straight to your mailbox and No Bullshit Bitcoin on Nostr.
- Feedback or tips? Drop it here.
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@ dfa02707:41ca50e3
2025-05-29 18:02:55News
- Bitcoin mining centralization in 2025. According to a blog post by b10c, Bitcoin mining was at its most decentralized in May 2017, with another favorable period from 2019 to 2022. However, starting in 2023, mining has become increasingly centralized, particularly due to the influence of large pools like Foundry and the use of proxy pooling by entities such as AntPool.
Source: b10c's blog.
- OpenSats announces the eleventh wave of Nostr grants. The five projects in this wave are the mobile live-streaming app Swae, the Nostr-over-ham-radio project HAMSTR, Vertex—a Web-of-Trust (WOT) service for Nostr developers, Nostr Double Ratchet for end-to-end encrypted messaging, and the Nostr Game Engine for building games and applications integrated with the Nostr ecosystem.
- New Spiral grantee: l0rinc. In February 2024, l0rinc transitioned to full-time work on Bitcoin Core. His efforts focus on performance benchmarking and optimizations, enhancing code quality, conducting code reviews, reducing block download times, optimizing memory usage, and refactoring code.
- Project Eleven offers 1 BTC to break Bitcoin's cryptography with a quantum computer. The quantum computing research organization has introduced the Q-Day Prize, a global challenge that offers 1 BTC to the first team capable of breaking an elliptic curve cryptographic (ECC) key using Shor’s algorithm on a quantum computer. The prize will be awarded to the first team to successfully accomplish this breakthrough by April 5, 2026.
- Unchained has launched the Bitcoin Legacy Project. The initiative seeks to advance the Bitcoin ecosystem through a bitcoin-native donor-advised fund platform (DAF), investments in community hubs, support for education and open-source development, and a commitment to long-term sustainability with transparent annual reporting.
- In its first year, the program will provide support to Bitcoin hubs in Nashville, Austin, and Denver.
- Support also includes $50,000 to the Bitcoin Policy Institute, a $150,000 commitment at the University of Austin, and up to $250,000 in research grants through the Bitcoin Scholars program.
"Unchained will match grants 1:1 made to partner organizations who support Bitcoin Core development when made through the Unchained-powered bitcoin DAF, up to 1 BTC," was stated in a blog post.
- Block launched open-source tools for Bitcoin treasury management. These include a dashboard for managing corporate bitcoin holdings and provides a real-time BTC-to-USD price quote API, released as part of the Block Open Source initiative. The company’s own instance of the bitcoin holdings dashboard is available here.
Source: block.xyz
- Bull Bitcoin expands to Mexico, enabling anyone in the country to receive pesos from anywhere in the world straight from a Bitcoin wallet. Additionally, users can now buy Bitcoin with a Mexican bank account.
"Bull Bitcoin strongly believes in Bitcoin’s economic potential in Mexico, not only for international remittances and tourism, but also for Mexican individuals and companies to reclaim their financial sovereignty and protect their wealth from inflation and the fragility of traditional financial markets," said Francis Pouliot, Founder and CEO of Bull Bitcoin.
- Corporate bitcoin holdings hit a record high in Q1 2025. According to Bitwise, public companies' adoption of Bitcoin has hit an all-time high. In Q1 2025, these firms collectively hold over 688,000 BTC, marking a 16.11% increase from the previous quarter. This amount represents 3.28% of Bitcoin's fixed 21 million supply.
Source: Bitwise.
- The Bitcoin Bond Company for institutions has launched with the aim of acquiring $1 trillion in Bitcoin over 21 years. It utilizes secure, transparent, and compliant bond-like products backed by Bitcoin.
- The U.S. Senate confirmed Paul Atkins as Chair of the Securities and Exchange Commission (SEC). At his confirmation hearing, Atkins emphasized the need for a clear framework for digital assets. He aims to collaborate with the CFTC and Congress to address jurisdiction and rulemaking gaps, aligning with the Trump administration's goal to position the U.S. as a leader in Bitcoin and blockchain finance.
- Ethereum developer Virgil Griffith has been released from custody. Griffith, whose sentence was reduced to 56 months, is now seeking a pardon. He was initially sentenced to 63 months for allegedly violating international sanctions laws by providing technical advice on using cryptocurrencies and blockchain technology to evade sanctions during a presentation titled 'Blockchains for Peace' in North Korea.
- No-KYC exchange eXch to close down under money laundering scrutiny. The privacy-focused cryptocurrency trading platform said it will cease operations on May 1. This decision follows allegations that the platform was used by North Korea's Lazarus Group for money laundering. eXch revealed it is the subject of an active "transatlantic operation" aimed at shutting down the platform and prosecuting its team for "money laundering and terrorism."
- Blockstream combats ESP32 FUD concerning Jade signers. The company stated that after reviewing the vulnerability disclosed in early March, Jade was found to be secure. Espressif Systems, the designer of the ESP32, has since clarified that the "undocumented commands" do not constitute a "backdoor."
- Bank of America is lobbying for regulations that favor banks over tech firms in stablecoin issuance. The bank's CEO Brian Moynihan is working with groups such as the American Bankers Association to advance the issuance of a fully reserved, 1:1 backed "Bank of America coin." If successful, this could limit stablecoin efforts by non-banks like Tether, Circle, and others, reports The Block.
- Tether to back OCEAN Pool with its hashrate. "As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity," said Tether CEO Paolo Ardoino.
- Bitdeer to expand its self-mining operations to navigate tariffs. The Singapore-based mining company is advancing plans to produce machines in the U.S. while reducing its mining hardware sales. This response is in light of increasing uncertainties related to U.S. trade policy, as reported by Bloomberg.
- Tether acquires $32M in Bitdeer shares. The firm has boosted its investment in Bitdeer during a wider market sell-off, with purchases in early to mid-April amounting to about $32 million, regulatory filings reveal.
- US Bitcoin miner manufacturer Auradine has raised $153 million in a Series C funding round as it expands into AI infrastructure. The round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and other existing investors. The firm raised to over $300 million since its inception in 2022.
- Voltage has partnered with BitGo to [enable](https://www.voltage.cloud/blog/bitgo-and-voltage-team-up-to-deliver-instant-bitcoin-and-stabl
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@ 7f6db517:a4931eda
2025-05-29 20:03:11There must be a limit to how much data is transferred across the bitcoin network in order to keep the ability to run and use your own node accessible. A node is required to interact with the global bitcoin network - if you do not use your own node then you must trust someone else's node. If nodes become inaccessible to run then the network will centralize around the remaining entities that operate them - threatening the censorship resistance at the core of bitcoin's value prop. The bitcoin protocol uses three main mechanisms to keep node operation costs low - a fixed limit on the amount of data in each block, an automatic difficulty adjustment that regulates how many blocks are produced based on current mining hash rate, and a robust dynamic transaction fee market.
Bitcoin transaction fees limit network abuse by making usage expensive. There is a cost to every transaction, set by a dynamic free market based on demand for scarce block space. It is an incredibly robust way to prevent spam without relying on centralized entities that can be corrupted or pressured.
After the 2017 bitcoin fee spike we had six years of relative quiet to build tools that would be robust in a sustained high fee market. Fortunately our tools are significantly better now but many still need improvement. Most of the pain points we see today will be mitigated.
The reality is we were never going to be fully prepared - pressure is needed to show the pain points and provide strong incentives to mitigate them.
It will be incredibly interesting to watch how projects adapt under pressure. Optimistic we see great innovation here.
_If you are willing to wait for your transaction to confirm you can pay significantly lower fees. Learn best practices for reducing your fee burden here.
My guide for running and using your own bitcoin node can be found here._
If you found this post helpful support my work with bitcoin.
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@ 7f6db517:a4931eda
2025-05-29 20:03:11Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.
If you missed my nostr introduction post you can find it here. My nostr account can be found here.
We are nearly at the point that if something interesting is posted on a centralized social platform it will usually be posted by someone to nostr.
We are nearly at the point that if something interesting is posted exclusively to nostr it is cross posted by someone to various centralized social platforms.
We are nearly at the point that you can recommend a cross platform app that users can install and easily onboard without additional guides or resources.
As companies continue to build walls around their centralized platforms nostr posts will be the easiest to cross reference and verify - as companies continue to censor their users nostr is the best censorship resistant alternative - gradually then suddenly nostr will become the standard. 🫡
Current Nostr Stats
If you found this post helpful support my work with bitcoin.
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@ dfa02707:41ca50e3
2025-05-29 18:02:51Contribute to keep No Bullshit Bitcoin news going.
- "Today we're launching the beta version of our multiplatform Nostr browser! Think Google Chrome but for Nostr apps. The beta is our big first step toward this vision," announced Damus.
- This version comes with the Dave Nostr AI assistant, support for zaps and the Nostr Wallet Connect (NWC) wallet interface, full-text note search, GIFs and fullscreen images, multiple media uploads, user tagging, relay list and mute list support, along with a number of other improvements."
"Included in the beta is the Dave, the Nostr AI assistant (its Grok for Nostr). Dave is a new Notedeck browser app that can search and summarize notes from the network. For a full breakdown of everything new, check out our beta launch video."
What's new
- Dave Nostr AI assistant app.
- GIFs.
- Fulltext note search.
- Add full screen images, add zoom, and pan.
- Zaps! NWC/ Wallet UI.
- Introduce last note per pubkey feed (experimental).
- Allow multiple media uploads per selection.
- Major Android improvements (still WIP).
- Added notedeck app sidebar.
- User Tagging.
- Note truncation.
- Local network note broadcast, broadcast notes to other notedeck notes while you're offline.
- Mute list support (reading).
- Relay list support.
- Ctrl-enter to send notes.
- Added relay indexing (relay columns soon).
- Click hashtags to open hashtag timeline.
- Fixed timelines sometimes not updating (stale feeds).
- Fixed UI bounciness when loading profile pictures
- Fixed unselectable post replies.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:49:42Book *Chandigarh to Amritsar cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 7f6db517:a4931eda
2025-05-29 20:03:11Will not live in a pod.
Will not eat the bugs.
Will not get the chip.
Will not get a blue check.
Will not use CBDCs.Live Free or Die.
Why did Elon buy twitter for $44 Billion? What value does he see in it besides the greater influence that undoubtedly comes with controlling one of the largest social platforms in the world? We do not need to speculate - he made his intentions incredibly clear in his first meeting with twitter employees after his takeover - WeChat of the West.
To those that do not appreciate freedom, the value prop is clear - WeChat is incredibly powerful and successful in China.
To those that do appreciate freedom, the concern is clear - WeChat has essentially become required to live in China, has surveillance and censorship integrated at its core, and if you are banned from the app your entire livelihood is at risk. Employment, housing, payments, travel, communication, and more become extremely difficult if WeChat censors determine you have acted out of line.
The blue check is the first step in Elon's plan to bring the chinese social credit score system to the west. Users who verify their identity are rewarded with more reach and better tools than those that do not. Verified users are the main product of Elon's twitter - an extensive database of individuals and complete control of the tools he will slowly get them to rely on - it is easier to monetize cattle than free men.
If you cannot resist the temptation of the blue check in its current form you have already lost - what comes next will be much darker. If you realize the need to resist - freedom tech provides us options.
If you found this post helpful support my work with bitcoin.
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@ dfa02707:41ca50e3
2025-05-29 20:03:07Contribute to keep No Bullshit Bitcoin news going.
- RoboSats v0.7.7-alpha is now available!
NOTE: "This version of clients is not compatible with older versions of coordinators. Coordinators must upgrade first, make sure you don't upgrade your client while this is marked as pre-release."
- This version brings a new and improved coordinators view with reviews signed both by the robot and the coordinator, adds market price sources in coordinator profiles, shows a correct warning for canceling non-taken orders after a payment attempt, adds Uzbek sum currency, and includes package library updates for coordinators.
Source: RoboSats.
- siggy47 is writing daily RoboSats activity reviews on stacker.news. Check them out here.
- Stay up-to-date with RoboSats on Nostr.
What's new
- New coordinators view (see the picture above).
- Available coordinator reviews signed by both the robot and the coordinator.
- Coordinators now display market price sources in their profiles.
Source: RoboSats.
- Fix for wrong message on cancel button when taking an order. Users are now warned if they try to cancel a non taken order after a payment attempt.
- Uzbek sum currency now available.
- For coordinators: library updates.
- Add docker frontend (#1861).
- Add order review token (#1869).
- Add UZS migration (#1875).
- Fixed tests review (#1878).
- Nostr pubkey for Robot (#1887).
New contributors
Full Changelog: v0.7.6-alpha...v0.7.7-alpha
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@ eb0157af:77ab6c55
2025-05-29 18:02:41The IMF wants to ensure that the Central American country stops buying more bitcoins, despite President Bukele’s stance.
On May 27, the International Monetary Fund announced its intention to “guarantee” that El Salvador’s government-held Bitcoin reserves remain unchanged. This position is at odds with the statements of President Nayib Bukele, who continues to support the expansion of the country’s national Bitcoin wallet.
The announcement came as part of the first review of the Extended Fund Facility, a financing agreement that has reached a preliminary understanding between the parties. The original agreement, signed last December, includes limiting Bitcoin-related activities in exchange for a $1.4 billion financing package spread over 40 months.
Details of the agreement
The overall package could reach $3.5 billion thanks to additional support from other institutions, including the World Bank.
The Salvadoran Congress quickly approved the necessary amendments to incorporate the IMF’s terms into the Bitcoin Law. Among the most significant changes is the shift from mandatory to voluntary acceptance of Bitcoin payments in the private sector. However, although the law formally required businesses to accept Bitcoin as legal tender, this provision was never truly enforced in practice. Additionally, the country will have to cease its involvement in the Chivo wallet by the end of July.
The IMF Executive Board approved the financing agreement last February, allowing the country to receive an initial disbursement of $120 million after a separate approval by the board.
Bukele’s position
Despite the agreement with the IMF, President Bukele remains firm in his commitment to expanding the national Bitcoin reserves. In a post on X published in March, the Salvadoran leader stated:
“This all stops in April.” “This all stops in June.” “This all stops in December.”
No, it’s not stopping.
If it didn’t stop when the world ostracized us and most “bitcoiners” abandoned us, it won’t stop now, and it won’t stop in the future.
Proof of work > proof of whining https://t.co/9pC0PoY3YQ
— Nayib Bukele (@nayibbukele) March 4, 2025
Shortly after the IMF’s announcement, El Salvador’s Bitcoin Office posted on X that the country had once again purchased more BTC. According to the official tracker, El Salvador, through the Bitcoin Office, has accumulated 30 BTC in the past 30 days.
Last week, Bukele shared on X that the country’s Bitcoin reserves had recorded unrealized profits exceeding $357 million. However, when he reposted the IMF’s announcement, he made no comment regarding the section on restrictions for future Bitcoin purchases.
The IMF’s program aims to address El Salvador’s macroeconomic and structural challenges. The organization views the country’s Bitcoin reserves as a potential risk that “has not yet materialized,” but nonetheless requires limiting government involvement in Bitcoin activities and purchases.
The post El Salvador: IMF ready to block new Bitcoin purchases appeared first on Atlas21.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:49:20Book *Amritsar to Pathankot cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 7f6db517:a4931eda
2025-05-29 20:03:10For years American bitcoin miners have argued for more efficient and free energy markets. It benefits everyone if our energy infrastructure is as efficient and robust as possible. Unfortunately, broken incentives have led to increased regulation throughout the sector, incentivizing less efficient energy sources such as solar and wind at the detriment of more efficient alternatives.
The result has been less reliable energy infrastructure for all Americans and increased energy costs across the board. This naturally has a direct impact on bitcoin miners: increased energy costs make them less competitive globally.
Bitcoin mining represents a global energy market that does not require permission to participate. Anyone can plug a mining computer into power and internet to get paid the current dynamic market price for their work in bitcoin. Using cellphone or satellite internet, these mines can be located anywhere in the world, sourcing the cheapest power available.
Absent of regulation, bitcoin mining naturally incentivizes the build out of highly efficient and robust energy infrastructure. Unfortunately that world does not exist and burdensome regulations remain the biggest threat for US based mining businesses. Jurisdictional arbitrage gives miners the option of moving to a friendlier country but that naturally comes with its own costs.
Enter AI. With the rapid development and release of AI tools comes the requirement of running massive datacenters for their models. Major tech companies are scrambling to secure machines, rack space, and cheap energy to run full suites of AI enabled tools and services. The most valuable and powerful tech companies in America have stumbled into an accidental alliance with bitcoin miners: THE NEED FOR CHEAP AND RELIABLE ENERGY.
Our government is corrupt. Money talks. These companies will push for energy freedom and it will greatly benefit us all.
Microsoft Cloud hiring to "implement global small modular reactor and microreactor" strategy to power data centers: https://www.datacenterdynamics.com/en/news/microsoft-cloud-hiring-to-implement-global-small-modular-reactor-and-microreactor-strategy-to-power-data-centers/
If you found this post helpful support my work with bitcoin.
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@ eb0157af:77ab6c55
2025-05-29 18:02:37An analysis of the present and a look at the future of Bitcoin mining, between data, critical reflections and a personal vision on the role of this industry.
Before jumping on bitcoin and proposing it to their clientele as an investment instrument, traditional finance started with a more classic approach, beginning to purchase shares of mining companies and thus exposing themselves indirectly to the asset. Bitcoin mining today is a real industry, also composed of large players listed on the stock exchange that have received huge capital from investment funds like BlackRock. Furthermore, more and more mining companies are taking the path of listing on stock markets to manage to attract capital and some of these also manage pools, like Marathon. How was all this possible and what are the implications of this situation?
Mining pools
Mining pools aggregate the computing power of multiple miners to increase the chances of mining a block. They create the block template and use the collective hashrate to try to solve it. The reward is then divided among participants in proportion to the power provided.
Today pools use different methods to pay miners who provide computing power. One of these is called FPPS (Fully Pay Per Share), which offers a fixed and constant payment to the miner (which varies based on the computing power provided), regardless of whether the pool mines a block or not. This type of payment makes the revenues of a company that mines bitcoin calculable and constant and which, consequently, becomes more appealing to the market because it’s possible to calculate its ROI (Return On Investment). In essence, with this type of payment, uncertainty is excluded and returns are made predictable. Mining pools take on the risk because, in case they fail to mine blocks for a certain period of time, they could go into loss having to pay miners anyway. We can therefore venture that mining pools have helped the entry of traditional finance into bitcoin mining, taking on part of the risks. But this is my thought.
Mining today
Mining pools today are not that many and we have a strong concentration of miners in some of them. If we sum the hashrate of Foundry and AntPool we exceed 50% of global computing power. This is not an optimal condition. Now however let’s also look at the other side of the coin. First of all, although mining pools have great power, they cannot play with fire and must be very transparent about their operations towards miners, because miners can direct their hashrate towards another pool very quickly. And this is a fundamental element that also recalls game theory a bit, because a mining pool must not only serve its own interest, but also the interest of its “partners”, otherwise it loses everything. I believe that mining pools are well aware of their power and also know that they are a centralization point for the network and, today, also a point of attack by authorities, so they have every interest in finding solutions that allow them to continue doing business, but that relieve them somewhat of responsibilities.
On the miner side instead, we have increasingly large companies that collect enormous capital and produce a lot of hashrate, but my fear is that this hashrate is produced by a fiat economy and is very precarious. Hashrate is closely linked to price, because if the price drops below a certain threshold, miners are no longer profitable and are forced to turn off the machines, or, in the worst cases, to completely cease activity, consequently causing hashrate to collapse. Fortunately Bitcoin has mechanisms like difficulty adjustment that mitigate these situations. Being still a very small market, the entry of large institutional players first in mining companies and then directly on the underlying asset, could lead to strong price oscillations that also impact mining farms. All this makes hashrate very unstable too.
Something is changing
The development of Stratum V2 has started an attempt to solve the various problems that afflict pooled mining. Stratum is the communication protocol between mining farms and mining pools. Version 2 brings, in addition to data improvement and encryption, performance increases and gives each individual miner the possibility to create the template of the block to mine. Furthermore we also have other existing solutions that try to solve the problems described before in a somewhat different way, like Ocean pool, which has implemented its DATUM protocol (similar to Stratum V2) and which uses a miner payment method called TIDES, that is an evolution of FPPS and non-custodial PPLNS in which miner addresses are inserted directly into the coinbase transaction.
There’s also a lot of ferment on the miner side, for example with the advent of Bitaxe, an open source project that we can define almost as a movement, an ideology. Skot, the precursor of this movement, has essentially reverse engineered the professional machinery used to mine bitcoin and managed to create a “desktop” device that contains a real ASIC chip, consumes only a few watts and can be built at home. Obviously these products produce computing power not sufficient to try to be competitive, but they are bringing back solo mining and are giving enthusiasts the possibility to deepen this sector by exploiting a device of very small dimensions and with practically negligible consumption on the bill.
The future of mining
After analyzing the state we are in, we can start speculations and let our minds travel.
Let’s start with mining pools. Will they still exist? I would say yes, in what form I don’t know, but I think they will certainly lose the control they have today over block template creation and I also think that future solutions will be found (in addition to existing ones) to become non-custodial and directly remunerate miners. In the end it’s in their interest to always be competitive in terms of services offered, because they work on commission, so they have to be appealing.
As for miners instead, I see a bigger metamorphosis. If the intention is to consume eco-sustainable energy, then energy industries will necessarily have to start studying the benefits that mining can bring in this sense. They cannot continue to ignore them. And if this happens, then I imagine a future where energy companies themselves will start mining bitcoin and will no longer do so following market logic, but will shift focus to stabilizing the electrical grid. Mining is currently the only industry capable of being so flexible as to be able to absorb all the excess energy of a plant, but at the same time consume zero when energy is needed by the grid. At that point the raw mining activity could become no longer the main business, but a secondary benefit that will allow them to have alternative income compared to selling electricity.
And what about the Bitaxe movement? Hard to say, but in my opinion if it manages to reach a critical mass of enthusiasts, it could really start to emerge and become a fundamental piece for the “true bitcoiner” kit. Utopistically, if we had 50 or 100 million Bitaxes scattered in people’s homes, we would manage to distribute mining in a more widespread way, but above all we would have a part of the total hashrate totally uncorrelated from bitcoin price, because, given their very reduced consumption, Bitaxes would remain on and continue to produce hashrate regardless of energy cost or price oscillations of the underlying asset.
What will happen, then, after 2140, when no more bitcoins will be mined? Assuming that network fees will be much higher than today, and sufficient to keep the activity profitable, we could find ourselves in a situation where mining for pure profit will be downsized. The same companies, however, could become external service providers for grid balancing, or, as mentioned previously, become electricity producers themselves of renewable energy exploiting their experience in mining to push where today it’s not economically convenient. Even in our homes we could have a boiler, a heat pump or a water heating system for the pool that, while doing its job, also mines bitcoin. In short, a future that seems like a fairy tale, but so possible that we want to live it and make sure that my children are also protagonists of it.
The post The future of mining? Green and decentralized appeared first on Atlas21.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:49:01Book *Amritsar to Manali cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ 7f6db517:a4931eda
2025-05-29 20:03:10Humanity's Natural State Is Chaos
Without order there is chaos. Humans competing with each other for scarce resources naturally leads to conflict until one group achieves significant power and instates a "monopoly on violence."Power Brings Stability
Power has always been the key means to achieve stability in societies. Centralized power can be incredibly effective in addressing issues such as crime, poverty, and social unrest efficiently. Unfortunately this power is often abused and corrupted.Centralized Power Breeds Tyranny
Centralized power often leads to tyrannical rule. When a select few individuals hold control over a society, they tend to become corrupted. Centralized power structures often lack accountability and transparency, and rely too heavily on trust.Distributed Power Cultivates Freedom
New technology that empowers individuals provide us the ability to rebuild societies from the bottom up. Strong individuals that can defend and provide for themselves will help build strong local communities on a similar foundation. The result is power being distributed throughout society rather than held by a select few.In the short term, relying on trust and centralized power is an easy answer to mitigating chaos, but freedom tech tools provide us the ability to build on top of much stronger distributed foundations that provide stability while also cultivating individual freedom.
The solution starts with us. Empower yourself. Empower others. A grassroots freedom tech movement scaling one person at a time.
If you found this post helpful support my work with bitcoin.
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@ dfa02707:41ca50e3
2025-05-29 20:03:07Contribute to keep No Bullshit Bitcoin news going.
News
- Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.
- Spiral renews support for Dan Gould and Joschisan. The organization has renewed support for Dan Gould, who is developing the Payjoin Dev Kit (PDK), and Joschisan, a Fedimint developer focused on simplifying federations.
- The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
- The European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets legislation (MiCA), just months after its implementation. According to Politico's report on Tuesday, the ECB is concerned that U.S. support for cryptocurrency, particularly stablecoins, could cause economic harm to the 27-nation bloc.
- Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
- The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya. The new legislation aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
- Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.
"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.
- Paul Atkins has officially assumed the role of the 34th Chairman of the US Securities and Exchange Commission (SEC). This is a return to the agency for Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under the George W. Bush administration. He has committed to advancing the SEC’s mission of fostering capital formation, safeguarding investors, and ensuring fair and efficient markets.
- Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.' The U.S. Federal Reserve withdrew guidance that discouraged banks from crypto and stablecoin activities, as announced by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.
"As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.
- Russian government to launch a cryptocurrency exchange. The country's Ministry of Finance and Central Bank announced plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
- Twenty One Capital is set to launch with over 42,000 BTC in its treasury. This new Bitcoin-native firm, backed by Tether and SoftBank, is planned to go public via a SPAC merger with Cantor Equity Partners and will be led by Jack Mallers, co-founder and CEO of Strike. According to a report by the Financial Times, the company aims to replicate the model of Michael Saylor with his company, MicroStrategy.
- Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
- Metaplanet buys another 145 BTC. The Tokyo-listed company has purchased an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
- Semler Scientific has increased its bitcoin holdings to 3,303 BTC. The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a press release.
- Tesla still holds nearly $1 billion in bitcoin. According to the automaker's latest earnings report, the firm reported digital asset holdings worth $951 million as of March 31.
- Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.
- Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.
- Arch Labs has secured $13 million to develop "ArchVM" and integrate smart-contract functionality with Bitcoin. The funding round, valuing the company at $200 million, was led by Pantera Capital, as announced on Tuesday.
- Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge utilizes the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
- UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing. The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, per Bitcoin Magazine.
- Solosatoshi.com has sold over 10,000 open-source miners, adding more than 10 PH of hashpower to the Bitcoin network.
"Thank you, Bitaxe community. OSMU developers, your brilliance built this. Supporters, your belief drives us. Customers, your trust powers 10,000+ miners and 10PH globally. Together, we’re decentralizing Bitcoin’s future. Last but certainly not least, thank you@skot9000 for not only creating a freedom tool, but instilling the idea into thousands of people, that Bitcoin mining can be for everyone again," said the firm on X.
- OCEAN's DATUM has found 100 blocks. "Over 65% of OCEAN’s miners are using DATUM, and that number is growing every day. This means block template construction is making its way back into the hands of the miners, which is not only the most profitable
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@ eb0157af:77ab6c55
2025-05-29 18:02:33The blockchain analytics firm claims to have identified the Bitcoin addresses held by the company led by Saylor.
Arkham Intelligence announced it had identified addresses linked to Strategy. According to Arkham’s statements, an additional 70,816 BTC connected to the company have been identified, with an estimated value of around $7.6 billion at current prices. This discovery would bring the total amount of Strategy’s identified holdings to $54.5 billion.
SAYLOR SAID HE WOULD NEVER REVEAL HIS ADDRESSES … SO WE DID
We have identified an additional 70,816 BTC belonging to Strategy, bringing our total identified MSTR BTC holdings to $54.5 Billion. We are the first to publicly identify these holdings.
This represents 87.5% of… pic.twitter.com/P3OVdVrhQL
— Arkham (@arkham) May 28, 2025
The analytics firm claims to have mapped 87.5% of Strategy’s total holdings. In a provocative post on X, Arkham wrote:
“Saylor said he would never reveal his addresses. So, we did it for him.
Previously, we tagged:
– 107,000 BTC sent to MSTR’s Fidelity deposits (Fidelity does not segregate custody, so these BTC do not appear in the MSTR entity)
– Over 327,000 BTC held in segregated custody, including Coinbase Prime, in our MSTR entity.”Arkham’s revelations directly clash with Michael Saylor’s public statements on wallet security. During the Bitcoin 2025 conference in Las Vegas, the Strategy chairman explicitly warned against publishing corporate wallet addresses.
“No institutional or enterprise security analyst would ever think it’s a good idea to publish all the wallet addresses so you can be tracked back and forth,” Saylor said during the event.
The executive chairman of Strategy added:
“The current, conventional way to publish proof-of-reserves is an insecure proof of reserves… It’s not a good idea, it’s a bad idea.”
He compared publishing wallet addresses to “publishing the addresses, bank accounts, and phone numbers of your kids hoping it will protect them — when in fact it makes them more vulnerable.”
Finally, the executive chairman suggested using artificial intelligence to explore the security implications of such a practice, claiming that in-depth research could produce “50 pages” of potential security risks.
The post Arkham reveals 87% of Strategy’s Bitcoin addresses appeared first on Atlas21.
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@ 9ca447d2:fbf5a36d
2025-05-29 18:02:31JPMorgan Chase, the biggest bank in the U.S., is now allowing its clients to buy bitcoin — a big change of heart for an institution whose CEO, Jamie Dimon, has been a long-time critic of the scarce digital asset.
Dimon made the announcement on the bank’s investor day, which came as a shift in JPMorgan’s approach to digital assets. “We are going to allow you to buy it,” he said. “We’re not going to custody it. We’re going to put it in statements for clients.”
That means clients can buy BTC through JPMorgan but the bank won’t hold or store the digital asset. Instead it will provide access and include the BTC purchases in client statements.
According to multiple reports and posts, JPMorgan has been blocking transactions from digital asset exchanges, with several people complaining about their experience on social media.
There is even an official notice on the company’s UK website that explicitly says customers cannot use their funds to purchase digital assets.
JPMorgan Chase UK website — Source
It’s a big change because Dimon has been one of Bitcoin’s biggest critics. Over the years he’s called it “worthless”, a “fraud” and even compared it to a “pet rock”.
He’s repeatedly expressed concern over digital assets’ use in illegal activities such as money laundering, terrorism, sex trafficking and tax evasion. A role that his critics say the U.S. dollar is playing on a much larger scale.
Related: Jamie Dimon Would “Close Down” Bitcoin If He Had Government Role
“The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance,” he told lawmakers during a Senate hearing in 2023. At the 2024 World Economic Forum in Davos, he doubled down, “Bitcoin does nothing. I call it the pet rock.”
Despite his personal views, Dimon says the bank is responding to client demand. “I don’t think you should smoke, but I defend your right to smoke,” he said. “I defend your right to buy bitcoin.”
It’s worth noting JPMorgan isn’t fully embracing digital assets. The bank won’t be offering direct custody services or launching its own exchange.
Instead, it’s offering access to digital asset exchanges. There are even reports that the bank also plans to facilitate access to bitcoin ETFs and possibly other investment vehicles. Until recently, JPMorgan had limited its bitcoin exposure to futures-based products.
Other big financial firms have already taken similar steps.
Morgan Stanley, for example, has been offering some clients access to bitcoin ETFs since August 2024. Its CEO, Ted Pick, said earlier this year that the firm is working closely with regulators to explore ways to get into the digital assets space.
Dimon does like blockchain, though — the technology that underpins it. JPMorgan has its own blockchain projects including JPM Coin and recently ran a test transaction on a public blockchain of tokenized U.S. Treasuries.
Many criticize this view, saying that the most powerful aspect of Bitcoin is its decentralization. So, a centralized blockchain is just useless. This might be the reason Dimon has grown weary of all JPMorgan’s blockchain initiatives, because they offered nothing of value.
He said he might have given blockchain too much credit during his investor day comments: “We have been talking about blockchain for 12 to 15 years,” he said. “We spend too much on it. It doesn’t matter as much as you all think.”
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@ dfa02707:41ca50e3
2025-05-29 20:03:06Contribute to keep No Bullshit Bitcoin news going.
- Wasabi Wallet v2.6.0 "Prometheus" is a major update for the project, focused on resilience and independence from centralized systems.
- Key features include support for BIP 158 block filters for direct node synchronization, a revamped full node integration for easier setup without third-party reliance, SLIP 39 share backups for flexible wallet recovery (sponsored by Trezor), and a Nostr-based update manager for censorship-resistant updates.
- Additional improvements include UI bug fixes, a new fallback for transaction broadcasting, updated code signing, stricter JSON serialization, and options to avoid third-party rate providers, alongside various under-the-hood enhancements.
This new version brings us closer to our ultimate goal: ensuring Wasabi is future-proof," said the developers, while also highlighting the following key areas of focus for the project:
- Ensuring users can always fully and securely use their client.
- Making contribution and forks easy through a codebase of the highest quality possible: understandable, maintainable, and improvable.
"As we achieve our survival goals, expect more cutting-edge improvements in Bitcoin privacy and self-custody. Thank you for the trust you place in us by using Wasabi," was stated in the release notes.
What's new
- Support for Standard BIP 158 Block Filters. Wasabi now syncs using BIP 158 filters without a backend/indexer, connecting directly to a user's node. This boosts sync speed, resilience, and allows full sovereignty without specific server dependency.
- Full Node Integration Rework. The old integration has been replaced with a simpler, more adaptable system. It’s not tied to a specific Bitcoin node fork, doesn’t need the node on the same machine as Wasabi, and requires no changes to the node’s setup.
- "Simply enable the RPC server on your node and point Wasabi to it," said the developers. This ensures all Bitcoin network activities—like retrieving blocks, fee estimations, block filters, and transaction broadcasting—go through your own node, avoiding reliance on third parties.
- Create & Recover SLIP 39 Shares. Users now create and recover wallets with multiple share backups using SLIP 39 standard.
"Special thanks to Trezor (SatoshiLabs) for sponsoring this amazing feature."
- Nostr Update Manager. This version implements a pioneering system with the Nostr protocol for update information and downloads, replacing reliance on GitHub. This enhances the project's resilience, ensuring updates even if GitHub is unavailable, while still verifying updates with the project's secure certificate.
- Updated Avalonia to v11.2.7, fixes for UI bugs (including restoring Minimize on macOS Sequoia).
- Added a configurable third-party fallback for broadcasting transactions if other methods fail.
- Replaced Windows Code Signing Certificate with Azure Trusted Signing.
- Many bug fixes, improved codebase, and enhanced CI pipeline.
- Added the option to avoid using any third-party Exchange Rate and Fee Rate providers (Wasabi can work without them).
- Rebuilt all JSON Serialization mechanisms avoiding default .NET converters. Serialization is now stricter.
Full Changelog: v2.5.1...v2.6.0
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@ dfa02707:41ca50e3
2025-05-29 20:03:06Contribute to keep No Bullshit Bitcoin news going.
-
Version 1.3 of Bitcoin Safe introduces a redesigned interactive chart, quick receive feature, updated icons, a mempool preview window, support for Child Pays For Parent (CPFP) and testnet4, preconfigured testnet demo wallets, as well as various bug fixes and improvements.
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Upcoming updates for Bitcoin Safe include Compact Block Filters.
"Compact Block Filters increase the network privacy dramatically, since you're not asking an electrum server to give you your transactions. They are a little slower than electrum servers. For a savings wallet like Bitcoin Safe this should be OK," writes the project's developer Andreas Griffin.
- Learn more about the current and upcoming features of Bitcoin Safe wallet here.
What's new in v1.3
- Redesign of Chart, Quick Receive, Icons, and Mempool Preview (by @design-rrr).
- Interactive chart. Clicking on it now jumps to transaction, and selected transactions are now highlighted.
- Speed up transactions with Child Pays For Parent (CPFP).
- BDK 1.2 (upgraded from 0.32).
- Testnet4 support.
- Preconfigured Testnet demo wallets.
- Cluster unconfirmed transactions so that parents/children are next to each other.
- Customizable columns for all tables (optional view: Txid, Address index, and more)
- Bug fixes and other improvements.
Announcement / Archive
Blog Post / Archive
GitHub Repo
Website -
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@ 21c71bfa:e28fa0f6
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@ 21c71bfa:e28fa0f6
2025-05-29 14:48:21Book *Amritsar to Kapurthala cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ b7274d28:c99628cb
2025-05-28 01:11:43In this second installment of The Android Elite Setup tutorial series, we will cover installing the nostr:npub10r8xl2njyepcw2zwv3a6dyufj4e4ajx86hz6v4ehu4gnpupxxp7stjt2p8 on your #Android device and browsing for apps you may be interested in trying out.
Since the #Zapstore is a direct competitor to the Google Play Store, you're not going to be able to find and install it from there like you may be used to with other apps. Instead, you will need to install it directly from the developer's GitHub page. This is not a complicated process, but it is outside the normal flow of searching on the Play Store, tapping install, and you're done.
Installation
From any web browser on your Android phone, navigate to the Zapstore GitHub Releases page and the most recent version will be listed at the top of the page. The .apk file for you to download and install will be listed in the "Assets."
Tap the .apk to download it, and you should get a notification when the download has completed, with a prompt to open the file.
You will likely be presented with a prompt warning you that your phone currently isn't allowed to install applications from "unknown sources." Anywhere other than the Play Store is considered an "unknown source" by default. However, you can manually allow installation from unknown sources in the settings, which the prompt gives you the option to do.
In the settings page that opens, toggle it to allow installation from this source, and you should be prompted to install the application. If you aren't, simply go to your web browser's downloads and tap on the .apk file again, or go into your file browser app and you should find the .apk in your Downloads folder.
If the application doesn't open automatically after install, you will find it in your app drawer.
Home Page
Right at the top of the home page in the Zapstore is the search bar. You can use it to find a specific app you know is available in the Zapstore.
There are quite a lot of open source apps available, and more being added all the time. Most are added by the Zapstore developer, nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9, but some are added by the app developers themselves, especially Nostr apps. All of the applications we will be installing through the Zapstore have been added by their developers and are cryptographically signed, so you know that what you download is what the developer actually released.
The next section is for app discovery. There are curated app collections to peruse for ideas about what you may want to install. As you can see, all of the other apps we will be installing are listed in nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9's "Nostr" collection.
In future releases of the Zapstore, users will be able to create their own app collections.
The last section of the home page is a chronological list of the latest releases. This includes both new apps added to the Zapstore and recently updated apps. The list of recent releases on its own can be a great resource for discovering apps you may not have heard of before.
Installed Apps
The next page of the app, accessed by the icon in the bottom-center of the screen that looks like a clock with an arrow circling it, shows all apps you have installed that are available in the Zapstore. It's also where you will find apps you have previously installed that are ready to be updated. This page is pretty sparse on my test profile, since I only have the Zapstore itself installed, so here is a look at it on my main profile:
The "Disabled Apps" at the top are usually applications that were installed via the Play Store or some other means, but are also available in the Zapstore. You may be surprised to see that some of the apps you already have installed on your device are also available on the Zapstore. However, to manage their updates though the Zapstore, you would need to uninstall the app and reinstall it from the Zapstore instead. I only recommend doing this for applications that are added to the Zapstore by their developers, or you may encounter a significant delay between a new update being released for the app and when that update is available on the Zapstore.
Tap on one of your apps in the list to see whether the app is added by the developer, or by the Zapstore. This takes you to the application's page, and you may see a warning at the top if the app was not installed through the Zapstore.
Scroll down the page a bit and you will see who signed the release that is available on the Zapstore.
In the case of Primal, even though the developer is on Nostr, they are not signing their own releases to the Zapstore yet. This means there will likely be a delay between Primal releasing an update and that update being available on the Zapstore.
Settings
The last page of the app is the settings page, found by tapping the cog at the bottom right.
Here you can send the Zapstore developer feedback directly (if you are logged in), connect a Lightning wallet using Nostr Wallet Connect, delete your local cache, and view some system information.
We will be adding a connection to our nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch wallet in part 5 of this tutorial series.
For the time being, we are all set with the Zapstore and ready for the next stage of our journey.
Continue to Part 3: Amber Signer. Nostr link: nostr:naddr1qqxnzde5xuengdeexcmnvv3eqgstwf6d9r37nqalwgxmfd9p9gclt3l0yc3jp5zuyhkfqjy6extz3jcrqsqqqa28qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qg6waehxw309aex2mrp0yhxyunfva58gcn0d36zumn9wss80nug
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@ 7f6db517:a4931eda
2025-05-29 20:03:10Influencers 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 thoughYou 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.
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@ dfa02707:41ca50e3
2025-05-29 20:03:06Contribute to keep No Bullshit Bitcoin news going.
- "Today we're launching the beta version of our multiplatform Nostr browser! Think Google Chrome but for Nostr apps. The beta is our big first step toward this vision," announced Damus.
- This version comes with the Dave Nostr AI assistant, support for zaps and the Nostr Wallet Connect (NWC) wallet interface, full-text note search, GIFs and fullscreen images, multiple media uploads, user tagging, relay list and mute list support, along with a number of other improvements."
"Included in the beta is the Dave, the Nostr AI assistant (its Grok for Nostr). Dave is a new Notedeck browser app that can search and summarize notes from the network. For a full breakdown of everything new, check out our beta launch video."
What's new
- Dave Nostr AI assistant app.
- GIFs.
- Fulltext note search.
- Add full screen images, add zoom, and pan.
- Zaps! NWC/ Wallet UI.
- Introduce last note per pubkey feed (experimental).
- Allow multiple media uploads per selection.
- Major Android improvements (still WIP).
- Added notedeck app sidebar.
- User Tagging.
- Note truncation.
- Local network note broadcast, broadcast notes to other notedeck notes while you're offline.
- Mute list support (reading).
- Relay list support.
- Ctrl-enter to send notes.
- Added relay indexing (relay columns soon).
- Click hashtags to open hashtag timeline.
- Fixed timelines sometimes not updating (stale feeds).
- Fixed UI bounciness when loading profile pictures
- Fixed unselectable post replies.
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@ 9ca447d2:fbf5a36d
2025-05-29 18:02:20H100 Group AB, a Swedish publicly listed health technology company, has made the headlines after investing in bitcoin as part of a new financial strategy.
The move has caused a stir in Sweden and beyond, with H100’s stock price rising 40% after the announcement.
The company has bought 4.39 bitcoin for 5 million Norwegian Krone (around $475,000–$492,000).
This is the company’s first foray into the digital asset space and makes H100 Group the first publicly-listed health tech company in Sweden to hold bitcoin as a treasury reserve asset.
The bitcoin was bought at an average price of 1,138,737 NOK (around $108,000) per coin.
The bitcoin purchase is part of H100 Group’s new “Bitcoin Treasury Strategy” to diversify its financial assets and strengthen its balance sheet. Instead of holding idle cash, the company decided to invest in what it sees as a long-term asset.
“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented growth companies holding bitcoin on their balance sheet,” said CEO Sander Andersen.
“And I believe the values of individual sovereignty highly present in the Bitcoin community aligns well with, and will appeal to, the customers and communities we are building the H100 platform for.”
Andersen said they will “build and hold” bitcoin long-term, viewing it as a savings tool, not a short-term trade.
The market reacted fast. On May 22, the company’s stock went up 39.27%, seeing highs of 1.620 SEK on the Nordic Growth Market.
This helped the company to recover a big part of the losses from the last two months, during which the stock fell 46%.
And now, after the purchase, the firm’s market cap is around $150.46 million.
H100 has said this might not be the only purchase. The company has signed a Letter of Intent (LOI) to set up a convertible loan facility of up to 10 million SEK with an undisclosed investor.
H100 Group’s announcement — Source
The funds will be used for general corporate purposes and to potentially increase bitcoin holdings. The loan will have a 3-year term and can be converted into shares at 1.3 SEK per share.
If H100’s stock price is more than 33% above the conversion price for more than 60 days, H100 will have the right to force conversion.
The company also announced today that it has successfully raised 21 million SEK ($2.21 million) through a convertible round led by Blockstream founder and CEO Adam Back.
Despite the Bitcoin pivot, H100 Group has made it clear that the core business remains the same.
They will continue to develop AI-powered automation tools and digital platforms to help healthcare providers deliver better services, especially in the health and longevity space.
Andersen said they are committed to healthy living, and adopting a bitcoin strategy is a smarter financial move that aligns with their values.
H100’s move comes as corporate adoption of bitcoin accelerates globally.
According to BitcoinTreasuries over 109 public companies now list bitcoin on their balance sheets. Among those are companies like Twenty One Capital, Strive and Metaplanet.
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@ 21c71bfa:e28fa0f6
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@ 21c71bfa:e28fa0f6
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@ 9ca447d2:fbf5a36d
2025-05-29 18:02:14Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.
The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.
According to the company, the offering is expected to close by the end of May, pending standard closing conditions.
Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.
“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.
“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”
He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.
“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.
The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.
TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.
Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.
Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.
The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.
Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today
Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”
There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.
Trump Media’s official announcement
This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.
President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”
Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.
These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.
But not everyone is happy.
Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.
Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.
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@ b1ddb4d7:471244e7
2025-05-29 18:02:10Custodial Lightning wallets allow users to transact without managing private keys or channel liquidity. The provider handles technical complexities, but this convenience comes with critical trade-offs:
- You don’t control your keys: The custodian holds your bitcoin.
- Centralized points of failure: Servers can be hacked or shut down.
- Surveillance risks: Providers track transaction metadata.
Key Risks of Custodial Lightning Wallets
*1. Hacks and Exit Scams*
Custodians centralize large amounts of bitcoin, attracting hackers:
- Nearly $2.2 billion worth of funds were stolen from hacks in 2024.
- Lightning custodians suffered breaches, losing user funds.
Unlike non-custodial wallets, victims have no recourse since they don’t hold keys.
*2. Censorship and Account Freezes*
Custodians comply with regulators, risking fund seizures:
- Strike (a custodial Lightning app) froze accounts of users in sanctioned regions.
- A U.K. court in 2020 ordered Bitfinex to freeze bitcoin worth $860,000 after the exchange and blockchain sleuthing firm Chainalysis traced the funds to a ransomware payment.
*3. Privacy Erosion*
Custodians log user activity, exposing sensitive data:
- Transaction amounts, receiver addresses, and IPs are recorded.
*4. Service Downtime*
Centralized infrastructure risks outages.
*5. Inflation of Lightning Network Centralization*
Custodians dominate liquidity, weakening network resilience:
- At the moment, 10% of the nodes on Lightning control 80% of the liquidity.
- This centralization contradicts bitcoin’s decentralized ethos.
How to Switch to Self-Custodial Lightning Wallets
Migrating from custodial services is straightforward:
*1. Choose a Non-Custodial Wallet*
Opt for wallets that let you control keys and channels:
- Flash: The self-custodial tool that lets you own your keys, control your coins, and transact instantly.
- Breez Wallet : Non-custodial, POS integrations.
- Core Lightning : Advanced, for self-hosted node operators.
*2. Transfer Funds Securely*
- Withdraw funds from your custodial wallet to a bitcoin on-chain address.
- Send bitcoin to your non-custodial Lightning wallet.
*3. Set Up Channel Backups*
Use tools like Static Channel Backups (SCB) to recover channels if needed.
*4. Best Practices*
- Enable Tor: Mask your IP (e.g., Breez’s built-in Tor support).
- Verify Receiving Addresses: Avoid phishing scams.
- Regularly Rebalance Channels: Use tools like Lightning Pool for liquidity.
Why Self-Custodial Lightning Matters
- Self-custody: Control your keys and funds.
- Censorship resistance: No third party can block transactions.
- Network health: Decentralized liquidity strengthens Lightning.
Self-custodial wallets now rival custodial ease.
Custodial Lightning wallets sacrifice security for convenience, putting users at risk of hacks, surveillance, and frozen funds. As bitcoin adoption grows, so does the urgency to embrace self-custodial solutions.
Take action today:
- Withdraw custodial funds to a hardware wallet.
- Migrate to a self-custodial Lightning wallet.
- Educate others on the risks of custodial control.
The Lightning Network’s potential hinges on decentralization—don’t let custodians become its Achilles’ heel.
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@ 21c71bfa:e28fa0f6
2025-05-29 14:47:08Book *Cuttack to Puri cab* online at best price. CabBazar provides car rental services for all cab types AC, Non AC, Hatchback, SUV, Sedan, Innova and Tempo Traveller. Both One way taxi and round trip cab available at lowest price. Price starts Rs. 9/Km.
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@ dfa02707:41ca50e3
2025-05-29 20:03:05News
- Wallet of Satoshi teases a comeback in the US market with a non-custodial product. According to an announcement on X, the widely popular custodial Lightning wallet is preparing to re-enter the United States market with a non-custodial wallet. It is unclear whether the product will be open-source, but the project has clarified that "there will be no KYC on any Wallet of Satoshi, ever!" Wallet of Satoshi ceased serving customers in the United States in November 2023.
- Vulnerability disclosure: Remote crash due to addr message spam in Bitcoin Core versions before v29. Bitcoin Core developer Antoine Poinsot disclosed an integer overflow bug that crashes a node if spammed with addr messages over an extended period. A fix was released on April 14, 2025, in Bitcoin Core v29.0. The issue is rated Low severity.
- Coinbase Know Your Customer (KYC) data leak. The U.S. Department of Justice, including its Criminal Division in Washington, is investigating a cyberattack on Coinbase. The incident involved cybercriminals attempting to extort $20 million from Coinbase to prevent stolen customer data from being leaked online. Although the data breach affected less than 1% of the exchange's users, Coinbase now faces at least six lawsuits following the revelation that some customer support agents were bribed as part of the extortion scheme.
- Fold has launched Bitcoin Gift Cards, enabling users to purchase bitcoin for personal use or as gifts, redeemable via the Fold app. These cards are currently available on Fold’s website and are planned to expand to major retailers nationwide later this year.
"Our mission is to make bitcoin simple and approachable for everyone. The Bitcoin Gift Card brings bitcoin to millions of Americans in a familiar way. Available at the places people already shop, the Bitcoin Gift Card is the best way to gift bitcoin to others," said Will Reeves, Chairman and CEO of Fold.
- Corporate treasuries hold nearly 1.1 million BTC, representing about 5.5% of the total circulating supply (1,082,164 BTC), per BitcoinTreasuries.net data. Recent purchases include Strategy adding 7,390 BTC (total: 576,230 BTC), Metplanet acquiring 1,004 BTC (total: 7,800 BTC), Tether holding over 100,521 BTC, and XXI Capital, led by Jack Mallers, starting with 31,500 BTC.
- Meanwhile, a group of investors has filed a class action lawsuit against Strategy and its executive Michael Saylor. The lawsuit alleges that Strategy made overly optimistic projections using fair value accounting under new FASB rules while downplaying potential losses.
- The U.S. Senate voted to advance the GENIUS stablecoin bill for further debate before a final vote to pass it. Meanwhile, the House is crafting its own stablecoin legislation to establish a regulatory framework for stablecoins and their issuers in the U.S, reports CoinDesk.
- French 'crypto' entrepreneurs get priority access to emergency police services. French Minister of the Interior, Bruno Retailleau, agreed on measures to enhance security for 'crypto' professionals during a meeting on Friday. This follows a failed kidnapping attempt on Tuesday targeting the family of a cryptocurrency exchange CEO, and two other kidnappings earlier this year.
- Brussels Court declares tracking-based ads illegal in EU. The Brussels Court of Appeal ruled tracking-based online ads illegal in the EU due to an inadequate consent model. Major tech firms like Microsoft, Amazon, Google, and X are affected by the decision, as their consent pop-ups fail to protect privacy in real-time bidding, writes The Record.
- Telegram shares data on 22,777 users in Q1 2025, a significant increase from the 5,826 users' data shared during the same period in 2024. This significant increase follows the arrest of CEO and founder Pavel Durov last year.
- An Australian judge has ruled that Bitcoin is money, potentially exempting it from capital gains tax in the country. If upheld on appeal, this interim decision could lead to taxpayer refunds worth up to $1 billion, per tax lawyer Adrian Cartland.
Use the tools
- Bitcoin Safe v1.3.0 a secure and user-friendly Bitcoin savings wallet for beginners and advanced users, introduces an interactive chart, Child Pays For Parent (CPFP) support, testnet4 compatibility, preconfigured testnet demo wallets, various bug fixes, and other improvements.
- BlueWallet v7.1.8 brings numerous bug fixes, dependency updates, and a new search feature for addresses and transactions.
- Aqua Wallet v0.3.0 is out, offering beta testing for the reloadable Dolphin card (in partnership with Visa) for spending bitcoin and Liquid BTC. It also includes a new Optical Character Recognition (OCR) text scanner to read text addresses like QR codes, colored numbers on addresses for better readability, a reduced minimum for spending and swapping Liquid Bitcoin to 100 sats, plus other fixes and enhancements.
Source: Aqua wallet.
- The latest firmware updates for COLDCARD Mk4 v5.4.3 and Q v1.3.3 are now available, featuring the latest enhancements and bug fixes.
- Nunchuk Android v1.9.68.1 and iOS v1.9.79 introduce support for custom blockchain explorers, wallet archiving, re-ordering wallets on the home screen via long-press, and an anti-fee sniping setting.
- BDK-cli v1.0.0, a CLI wallet library and REPL tool to demo and test the BDK library, now uses bdk_wallet 1.0.0 and integrates Kyoto, utilizing the Kyoto protocol for compact block filters. It sets SQLite as the default database and discontinues support for sled.
- publsp is a new command-line tool designed for Lightning node runners or Lightning Service Providers (LSPs) to advertise liquidity offers over Nostr.
"LSPs advertise liquidity as addressable Kind 39735 events. Clients just pull and evaluate all those structured events, then NIP-17 DM an LSP of their choice to coordinate a liquidity purchase," writes developer smallworlnd.
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Lightning Blinder by Super Testnet is a proof-of-concept privacy tool for the Lightning Network. It enables users to mislead Lightning Service Providers (LSPs) by making it appear as though one wallet is the sender or recipient, masking the original wallet. Explore and try it out here.
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Mempal v1.5.3, a Bitcoin mempool monitoring and notification app for Android, now includes a swipe-down feature to refresh the dashboard, a custom time option for widget auto-update frequency, and a
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@ b1ddb4d7:471244e7
2025-05-29 18:02:05Bitcoin 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:
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
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@ 21c71bfa:e28fa0f6
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@ cae03c48:2a7d6671
2025-05-29 18:01:53Bitcoin Magazine
Human Rights Foundation Donates 800 Million Satoshis To 22 Worldwide Bitcoin And Freedom ProjectsToday, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants, according to a press release sent to Bitcoin Magazine.
800 million satoshis (8 BTC) currently worth over $874,000 at the time of writing, is being granted across 22 different projects around the world focusing on open-source development, educational initiatives, Bitcoin mining decentralization, and privacy tools for human rights advocates living under authoritarian regimes. The main areas of focus for these grants center around Latin America, Africa, and Asia
While the HRF did not disclose how much money each project is receiving specifically, the following 22 projects are the recipients of today’s round of grants worth 8 BTC, or 800 billion satoshis, in total:
Mostro
In authoritarian regimes, centralized exchanges enforce strict identity verification and frequently freeze user accounts. In these environments, Mostro, a peer-to-peer exchange built on the decentralized nostr protocol, provides a private and censorship-resistant way to access Bitcoin. It enables human rights defenders and ordinary citizens to transact freely. With HRF support, developer Catrya will improve Mostro’s usability to better serve dissidents seeking financial freedom.
SudaBit
As war and hyperinflation devastate Sudan, traditional banks and remittance systems have collapsed. Millions of Sudanese are left without reliable ways to save, send, or receive money. SudaBit, under development by Sudan Hodl, is the country’s first private Bitcoin on- and off-ramp, providing a critical financial lifeline where few options remain. With HRF support, SudaBit will allow everyday Sudanese to access permissionless, self-custodial Bitcoin directly from their local currency while at the same time building a vital financial infrastructure amid a humanitarian and monetary crisis.
Stringer News
Authoritarian regimes silence independent media to control public narratives and suppress dissent. Stringer News, an open media platform founded by war reporter and author Anjan Sundaram, uses Bitcoin and nostr to help reporters and human rights defenders publish without fear of censorship. By bypassing traditional publishing gatekeepers, it ensures critical reporting reaches global audiences — even from the depths of autocratic regimes. With HRF support, Stringer News is amplifying the voices of frontline journalists and protecting the flow of truth under dictatorship.
Prices Today
As Vladimir Putin wages war against Ukraine, it hides the economic pain at home. Prices Today is a project launched by the Anti-Corruption Foundation that tracks rising prices across essential goods and services in the country and publishes the data on an open, accessible website. The project helps Russians see through state propaganda and confront the hidden financial toll of Putin’s war. With this grant, Prices Today will expand its tools and research to expose the true cost of war and challenge the Kremlin’s narrative.
Instamouse for Bitcoin and Lightning
Contributing to Bitcoin’s codebase may require specialized tools and complex setup — barriers for developers in resource-limited environments. Instamouse, created by software developer Bryan Bishop (kanzure), is breaking down those barriers with a browser-based environment for open-source Bitcoin development. By reducing hardware requirements and simplifying access, it opens the door to a more inclusive environment that allows more people around the world to contribute to Bitcoin. With this grant, Instamouse will help keep Bitcoin’s development truly permissionless.
Seedsigner
Most commercial hardware wallets can be expensive, proprietary, and traceable. This poses barriers to self-custody for dissidents in weak economies or surveillant regimes. Seedsigner is a fully customizable, DIY Bitcoin hardware wallet that anyone can build using affordable, off-the-shelf components. It offers dissidents a discreet, low-cost way to secure their Bitcoin. HRF funding for lead developer Keith Mukai will expand language support across Europe, Asia, and beyond, as well as ongoing feature development and mentoring of new contributors.
Spacebear’s Contributions to Payjoin
Bitcoin enables human rights defenders to receive unstoppable payments. But making those payments private is the next critical step. Payjoin is a technique that lets senders and receivers batch Bitcoin transactions, breaking common chain analysis heuristics and improving default privacy. This is vital for activists in surveillance states who urgently need financial privacy without drawing attention. With HRF support, developer spacebear is advancing Payjoin to make privacy the default on Bitcoin and protect civil societies under tyranny.
Padawan Wallet
When authoritarian regimes devalue currencies or impose capital controls, people often turn to Bitcoin. But without experience, many struggle to use it safely. Padawan Wallet, a free, open-source mobile app by developer thunderbiscuit, helps bridge that gap. It uses Bitcoin test network coins to simulate real payments in a risk-free environment. It lets users practice making transactions, secure their wallets, and explore saving without risking real funds. With HRF support, Padawan will launch on iOS, expanding access to safe, hands-on Bitcoin learning for millions facing financial uncertainty.
Brink
Without ongoing support for Bitcoin development and its contributors, the network risks slower innovation, greater centralization, and long-term security challenges. Brink, a nonprofit organization led by Executive Director Mike Schmidt, addresses this by funding and mentoring open-source developers working on Bitcoin’s software infrastructure. Through grants and fellowships, Brink helps keep the protocol secure, decentralized, and freely accessible. With this grant, Brink will further strengthen the foundation that makes Bitcoin a tool for financial freedom.
Coin Center
As dictators increasingly treat code as a crime, open-source developers face sanctions, lawsuits, and mounting legal threats. Coin Center, a nonprofit research and advocacy organization led by Director of Research Peter Van Valkenburgh, defends the right to build and use open digital asset networks like Bitcoin. It advances policy analysis, supports strategic litigation, and educates lawmakers to protect freedom-preserving technologies. With HRF support, Coin Center will continue shaping a global legal environment where vital tools can be built for human rights defenders at risk.
Bitcoin Design Foundation
Poor user experience is a major barrier to Bitcoin adoption. Inconsistent wallet experiences and steep learning curves can deter new users, especially in high-risk environments. The Bitcoin Design Foundation is a nonprofit founded by UI designers Christoph Ono, Mogashni Naidoo, and Daniel Nordh that addresses this by funding open-source design, UX research, and community initiatives to make Bitcoin products more intuitive. With HRF support, the foundation will expand its grant and education programs to keep usability a priority and ensure Bitcoin remains open to all.
EmberOne
Bitcoin mining is dominated by a few companies producing closed, proprietary hardware — threatening the network’s resilience and accessibility. The 256 Foundation is a nonprofit working to change that. Building on the open-source Bitaxe project, EmberOne produces modular, open-source mining hardware that is simple, affordable, and open to anyone — especially those living under repressive regimes. With HRF support, EmberOne will lower entry barriers and help disrupt the proprietary ecosystem, making Bitcoin mining more accessible for those in closed societies.
2025 FROST Developer Support
For nonprofits operating under authoritarian rule, securing Bitcoin is critical for survival. If private keys (which control access to bitcoin) are compromised, funds can be seized and movements dismantled. Blockchain Commons is a nonprofit supporting the development of FROST (Flexible Round-Optimized Schnorr Threshold Signature), a protocol that strengthens multisignature wallets (bitcoin wallets with multiple private keys) by making them more secure, private, and flexible for shared custody. With this grant, Blockchain Commons will help build critical infrastructure to keep civil society groups operational and financially resilient under dictatorships.
Ecash UX Improvement Project
Ecash enables
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@ dfa02707:41ca50e3
2025-05-29 20:03:05Contribute to keep No Bullshit Bitcoin news going.
This update brings key enhancements for clarity and usability:
- Recent Blocks View: Added to the Send tab and inspired by Mempool's visualization, it displays the last 2 blocks and the estimated next block to help choose fee rates.
- Camera System Overhaul: Features a new library for higher resolution detection and mouse-scroll zoom support when available.
- Vector-Based Images: All app images are now vectorized and theme-aware, enhancing contrast, especially in dark mode.
- Tor & P2A Updates: Upgraded internal Tor and improved support for pay-to-anchor (P2A) outputs.
- Linux Package Rename: For Linux users, Sparrow has been renamed to sparrowwallet (or sparrowserver); in some cases, the original sparrow package may need manual removal.
- Additional updates include showing total payments in multi-payment transaction diagrams, better handling of long labels, and other UI enhancements.
- Sparrow v2.2.1 is a bug fix release that addresses missing UUID issue when starting Tor on recent macOS versions, icons for external sources in Settings and Recent Blocks view, repackaged
.deb
installs to use older gzip instead of zstd compression, and removed display of median fee rate where fee rates source is set to Server.
Learn how to get started with Sparrow wallet:
Release notes (v2.2.0)
- Added Recent Blocks view to Send tab.
- Converted all bitmapped images to theme aware SVG format for all wallet models and dialogs.
- Support send and display of pay to anchor (P2A) outputs.
- Renamed
sparrow
package tosparrowwallet
andsparrowserver
on Linux. - Switched camera library to openpnp-capture.
- Support FHD (1920 x 1080) and UHD4k (3840 x 2160) capture resolutions.
- Support camera zoom with mouse scroll where possible.
- In the Download Verifier, prefer verifying the dropped file over the default file where the file is not in the manifest.
- Show a warning (with an option to disable the check) when importing a wallet with a derivation path matching another script type.
- In Cormorant, avoid calling the
listwalletdir
RPC on initialization due to a potentially slow response on Windows. - Avoid server address resolution for public servers.
- Assume server address is non local for resolution failures where a proxy is configured.
- Added a tooltip to indicate truncated labels in table cells.
- Dynamically truncate input and output labels in the tree on a transaction tab, and add tooltips if necessary.
- Improved tooltips for wallet tabs and transaction diagrams with long labels.
- Show the address where available on input and output tooltips in transaction tab tree.
- Show the total amount sent in payments in the transaction diagram when constructing multiple payment transactions.
- Reset preferred table column widths on adjustment to improve handling after window resizing.
- Added accessible text to improve screen reader navigation on seed entry.
- Made Wallet Summary table grow horizontally with dialog sizing.
- Reduced tooltip show delay to 200ms.
- Show transaction diagram fee percentage as less than 0.01% rather than 0.00%.
- Optimized and reduced Electrum server RPC calls.
- Upgraded Bouncy Castle, PGPainless and Logback libraries.
- Upgraded internal Tor to v0.4.8.16.
- Bug fix: Fixed issue with random ordering of keystore origins on labels import.
- Bug fix: Fixed non-zero account script type detection when signing a message on Trezor devices.
- Bug fix: Fixed issue parsing remote Coldcard xpub encoded on a different network.
- Bug fix: Fixed inclusion of fees on wallet label exports.
- Bug fix: Increase Trezor device libusb timeout.
Linux users: Note that the
sparrow
package has been renamed tosparrowwallet
orsparrowserver
, and in some cases you may need to manually uninstall the originalsparrow
package. Look in the/opt
folder to ensure you have the new name, and the original is removed.What's new in v2.2.1
- Updated Tor library to fix missing UUID issue when starting Tor on recent macOS versions.
- Repackaged
.deb
installs to use older gzip instead of zstd compression. - Removed display of median fee rate where fee rates source is set to Server.
- Added icons for external sources in Settings and Recent Blocks view
- Bug fix: Fixed issue in Recent Blocks view when switching fee rates source
- Bug fix: Fixed NPE on null fee returned from server
-
@ dfa02707:41ca50e3
2025-05-29 20:03:05Contribute to keep No Bullshit Bitcoin news going.
- This release introduces Payjoin v2 functionality to Bitcoin wallets on Cake, along with several UI/UX improvements and bug fixes.
- The Payjoin v2 protocol enables asynchronous, serverless coordination between sender and receiver, removing the need to be online simultaneously or maintain a server. This simplifies privacy-focused transactions for regular users.
"I cannot speak highly enough of how amazing it has been to work with @bitgould and Jaad from the@payjoindevkit team, they're doing incredible work. None of this would be possible without them and their tireless efforts. PDK made it so much easier to ship Payjoin v2 than it would have been otherwise, and I can't wait to see other wallets jump in and give back to PDK as they implement it like we did," said Seth For Privacy, VP at Cake Wallet.
How to started with Payjoin in Cake Wallet:
- Open the app menu sidebar and click
Privacy
. - Toggle the
Use Payjoin
option. - Now on your receive screen you'll see an option to copy a Payjoin URL
- Bull Bitcoin Wallet v0.4.0 introduced Payjoin v2 support in late December 2024. However, the current implementations are not interoperable at the moment, an issue that should be addressed in the next release of the Bull Bitcoin Wallet.
- Cake Wallet was one of the first wallets to introduce Silent Payments back in May 2024. However, users may encounter sync issues while using this feature at present, which will be resolved in the next release of Cake Wallet.
What's new
- Payjoin v2 implementation.
- Wallet group improvements: Enhanced management of multiple wallets.
- Various bug fixes: improving overall stability and user experience.
- Monero (XMR) enhancements.
Learn more about using, implementing, and understanding BIP 77: Payjoin Version 2 using the
payjoin
crate in Payjoin Dev Kit here. -
@ 2e8970de:63345c7a
2025-05-29 13:40:19(and that's the highest ever outside the covid era)
https://www.federalreserve.gov/consumerscommunities/sheddataviz/emergency-savings.html
https://stacker.news/items/991909
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@ 8bad92c3:ca714aa5
2025-05-29 20:03:04Marty's Bent
Last week we covered the bombshell developments in the Samourai Wallet case. For those who didn't read that, last Monday the world was made aware of the fact that the SDNY was explicitly told by FinCEN that the federal regulator did not believe that Samourai Wallet was a money services business six months before arresting the co-founders of Samourai Wallet for conspiracy to launder money and illegally operating a money services business. This was an obvious overstep by the SDNY that many believed would be quickly alleviated, especially considering the fact that the Trump administration via the Department of Justice has made it clear that they do not intend to rule via prosecution.
It seems that this is not the case as the SDNY responded to a letter sent from the defense to dismiss the case by stating that they fully plan to move forward. Stating that they only sought the recommendations of FinCEN employees and did not believe that those employees' comments were indicative of FinCEN's overall views on this particular case. It's a pretty egregious abuse of power by the SDNY. I'm not sure if the particular lawyers and judges within the Southern District of New York are very passionate about preventing the use of self-custody bitcoin and products that enable bitcoiners to transact privately, or if they're simply participating in a broader meta war with the Trump administration - who has made it clear to federal judges across the country that last Fall's election will have consequences, mainly that the Executive Branch will try to effectuate the policies that President Trump campaigned on by any legal means necessary - and Samouari Wallet is simply in the middle of that meta war.
However, one thing is pretty clear to me, this is an egregious overstep of power. The interpretation of that law, as has been laid out and confirmed by FinCEN over the last decade, is pretty clear; you cannot be a money services business if you do not control the funds that people are sending to each other, which is definitely the case with Samourai Wallet. People downloaded Samourai Wallet, spun up their own private-public key pairs and initiated transactions themselves. Samourai never custodied funds or initiated transactions on behalf of their users. This is very cut and dry. Straight to the point. It should be something that anyone with more than two brain cells is able to discern pretty quickly.
It is imperative that anybody in the industry who cares about being able to hold bitcoin in self-custody, to mine bitcoin, and to send bitcoin in a peer-to-peer fashion makes some noise around this case. None of the current administration's attempts to foster innovation around bitcoin in the United States will matter if the wrong precedent is set in this case. If the SDNY is successful in prosecuting Samourai Wallet, it will mean that anybody holding Bitcoin in self-custody, running a bitcoin fold node or mining bitcoin will have to KYC all of their users and counterparts lest they be labeled a money services business that is breaking laws stemming from the Bank Secrecy Act. This will effectively make building a self-custody bitcoin wallet, running a node, or mining bitcoin in tillegal in the United States. The ability to comply with the rules that would be unleashed if this Samourai case goes the wrong way, are such that it will effectively destroy the industry overnight.
It is yet to be seen whether or not the Department of Justice will step in to publicly flog the SDNY and force them to stop pursuing this case. This is the only likely way that the case will go away at this point, so it is very important that bitcoiners who care about being able to self-custody bitcoin, mine bitcoin, or send bitcoin in a peer-to-peer fashion in the United States make it clear to the current administration and any local politicians that this is an issue that you care deeply about. If we are too complacent, there is a chance that the SDNY could completely annihilate the bitcoin industry in America despite of all of the positive momentum we're seeing from all angles at the moment.
Bitcoin Adoption by Power Companies: The Next Frontier
In my recent conversation with Andrew Myers from Satoshi Energy, he shared their ambitious mission to "enable every electric power company to use bitcoin by block 1,050,000" – roughly three years from now. This strategic imperative isn't just about creating new Bitcoin users; it's about sovereignty. Andrew emphasized that getting Bitcoin into the hands of energy companies who value self-sovereignty creates a more balanced future economic landscape. The excitement was palpable as he described how several energy companies are already moving beyond simply selling power to Bitcoin miners and are beginning to invest in mining operations themselves.
"You have global commodity companies being like, 'Oh, this is another commodity – we want to invest in this, we want to own this,'" - Andrew Myers
Perhaps most fascinating was Andrew's revelation about major energy companies in Texas developing Bitcoin collateral products for power contracts – a practical application that could revolutionize how energy transactions are settled. As energy companies continue embracing Bitcoin for both operations and collateral, we're witnessing the early stages of a profound shift in how critical infrastructure interfaces with sound money. The implications for both sectors could be transformative.
Check out the full podcast here for more on remote viewing, Nikola Tesla's predictions, and the convergence of Bitcoin and AI technology. We cover everything from humanoid robots to the energy demands of next-generation computing.
Headlines of the Day
Steak n Shake to Accept Bitcoin at All Locations May 16 - via X
Facebook Plans Crypto Wallets for 3B Users, Bitcoin Impact Looms - via X
Trump Urges Americans to Buy Stocks for Economic Boom - via X
UK Drops Tariffs, U.S. Farmers Set to Reap Major Benefits - via X
Looking for the perfect video to push the smartest person you know from zero to one on bitcoin? Bitcoin, Not Crypto is a three-part master class from Parker Lewis and Dhruv Bansal that cuts through the noise—covering why 21 million was the key technical simplification that made bitcoin possible, why blockchains don’t create decentralization, and why everything else will be built on bitcoin.
Ten31, the largest bitcoin-focused investor, has deployed $150M 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.
Final thought...
Happy belated Mother's Day to all the moms out there.
Get this newsletter sent to your inbox daily: https://www.tftc.io/bitcoin-brief/
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@ fbf0e434:e1be6a39
2025-05-29 13:09:48Hackathon 概述
ETH Dublin 2025 黑客松圆满落幕,活动共吸引 84 名开发者参与,共有 31 个项目通过审核。活动核心是借助多家赞助商技术,打造具有影响力的区块链解决方案。活动鼓励参与者组建技能多元的平衡团队,运用技术工具及赞助商支持 —— 如 Chainlink 进行数据验证、Ledger 保障安全、Filecoin 提供存储方案等。
多个项目聚焦社会影响领域:ÉireEncrypt 致力于开发符合 GDPR 合规要求的隐私保护区块链工具;SafeRoads Ireland 则通过智能合约推动安全驾驶。此外,部分项目借助以太坊实现租金管控与去中心化住房市场,还有以移民为主题的数字解决方案促进社区融合,充分展现区块链技术在解决隐私保护、公共安全、教育改革等实际问题中的潜力。
总体而言,ETH Dublin 2025 黑客松不仅促进了开发者与合作伙伴的协作,更激发了诸多借助区块链技术创造社会价值的创新项目。
Hackathon 获奖者
奖项得主
- 一等奖: RecEth
RecEth 通过提供电子邮件确认和清晰的收据,增强了用户对加密交易的信任,将用户体验与传统支付系统的透明度相对齐。 - 二等奖: Latinum
Latinum 作为支付中间件,允许MCP构建者通过兼容钱包实现由代理发起的交易来实现服务器货币化,简化了货币化过程。 - 三等奖: Fundraisely
FundRaisely 利用区块链技术帮助慈善机构进行合法合规的筹款,以及透明的审计,确保捐款流程的清晰和负责。
欲了解所有项目的更多信息,请访问这里。
关于组织者
ETH Ireland
ETH Ireland 致力于区块链技术的创新和发展。该组织在Ethereum方面有着丰富的专业知识,通过举办会议和工作坊促进区块链教育和社区参与。ETH Ireland 的使命是扩大区块链知识普及,推广去中心化技术到各个领域。
- 一等奖: RecEth
-
@ ef53426a:7e988851
2025-05-29 12:26:43Saturday 9AM It’s a chilly Saturday morning in Warsaw, and I don’t want to get out of bed. This is not because of the hangover; it’s because I feel like a failure.
The first day of Bitcoin FilmFest was a whirlwind of workshops, panels and running between stages. The pitch competition did not go my way. Another ‘pitching rabbit’ (an actual experienced film-maker) was selected to win the €3,000 of funding.
Rather than get up and search for coffee, I replay the scenes in my head. What could I have done differently? Will investors ever believe in me: I’m just a writer with no contacts in the industry. Do I have what it takes to produce a film?
Eventually, I haul myself out of bed and walk to Amondo, the festival’s morning HQ (and technically, the smallest cinema in Europe). Upon arrival, I find Bitcoin psychonaut Ioni Appelberg holding court in front of around a dozen enraptured disciples. Soon, the conversation spills out to the street to free up space for more workshops.
I attend a talk on film funding, then pay for coffee using bitcoin. I see familiar faces from the two previous nights. We compare notes on Friday night and check the day’s schedule. The morning clouds burn off, and things feel a little brighter.
The afternoon session begins just a few blocks away in the towering Palace of Culture and Science. My role in today's proceedings is to present my freedom fiction project, 21 Futures, on the community stage. Other presentations range from rap videos and advice on finding jobs in bitcoin to hosting ‘Bitcoin Walks’. This is how we are fixing the culture.
Saturday 8PM I feel a tap on my shoulder. ‘Excuse me, Mr. Philip. Your car is waiting. The Producers’ Dinner is starting soon’.
What? Me, a producer? I’ve been taking part in some panels and talks, but I assumed my benefits as a guest were limited to a comped ticket and generous goodie bag.
Soon, I am sharing a taxi with a Dubai-based journalist, a Colombian director, and the cypherpunk sponsor of the pitch competition I didn’t win.
The pierogies I dreamed of earlier that day somehow manifest (happy endings do exist), and we enjoy a raucous dinner including obligatory slivovitz.
Sunday 2AM The last few hours of blur include a bracing city-bike ride in a crew of nine attendees back to the Palace of Culture, chatting with a fellow bitcoin meetup organiser, and vaguely promising to attend a weekend rave with a crew of Polish artists and musicians on the outskirts of London.
I leave the party while it’s still in full swing. In five hours, I have to wake up to complete my Run for Hal in Marshal Edward Rydz-Śmigły Park.
Thursday 9PM The festival kicks off in Samo Centrum on Pizza Day. I arrive in a taxi straight from a cramped flight (fix the airlines!), having not eaten for around ten hours.
The infectious sounds of softly spoken Aussie bitrocker Roger9000 pound into the damp night. I’m three beers in, being presented by the organisers to attendees like a (very tall) show pony. I try to explain more about my books, my publishing connections, my short film.
When I search for the food I ordered an hour ago, I find it has been given away. The stern-faced Polish pizza maker shrugs. ‘You not here.’
I’m so hungry I could cry (six hours of Ryanair can do that to a man). And then, a heroic Czech pleb donates half a pizza to me. Side note: this same heroic pleb accidentally locked me out of my film-funds while trying to fix a wallet bug on Sunday night.
I step out into the rain. Roger9000 reminds us we should have laser eyes well past 100k. I take a bite of pizza and life tastes good.
The Films Side events, artists, late nights, and pitcher’s regret is all well and good, but what of the films?
My highlights included Golden Rabbit winner No More Inflation — a moving narrative with interviews from two dozen economists, visionaries, and inflation survivors.
Hotel Bitcoin, was a surprisingly funny comedy romp about a group of idiots who happen across a valuable laptop.
Revolución Bitcoin — an approachable and thorough documentary aimed to bring greater adoption in the Spanish-speaking world.
And, as a short-fiction guy, I enjoyed the short films The Man Who Wouldn’t Cry, a visit to New York’s only Somali restaurant in Finding Home.
Sunday 7PM The award ceremony has just finished. I head to Amondo for the final time to pay for mojitos in bitcoin and say goodbye to newly made friends. I feel like I’ve met almost everyone in attendance. Are you going to BTC Prague?!? we ask as we part ways.
Of course, the best thing about any festival is the people, and BFF25 had a cast of characters worthy of any art house flick:
- The bright-eyed and confident frontwoman of the metal band Scardust
- A nostr-native artist selling his intricate canvases to the highest zapper
- A dreadlocked DJ who wears a pair of flying goggles on his head at all times
- An affable British filmmaker explaining the virtues of the word ‘chucklesome’
- A Duracell-powered organiser who seems to know every song, person, film, book, and guest at the festival.
Warsaw itself feels like it has a role to play, too. Birdsong and green parks contrast the foreboding Communist-era architecture. The weather changes faster than my mood — heavy greys transform to bright sunshine. The roads around the venue close on Sunday for a political rally. And there we are in the middle, watching our bitcoin films.
Tuesday 10AM I’m at home now, squinting at my email inbox and piles of washing, wondering when the hell I’ll find time. The festival Telegram group is still buzzing with activity. Side events like martial arts tutorials, trips to a shooting range, boat tours. 5AM photos of street graffiti, lost and found items, and people asking ‘is anyone still around?’
This was not just a film festival. BFF is truly a celebration of culture — Art. Books. Comedy. Music. Video. Talk. Connection.
All this pure signal has lifted my spirits so much that despite me being a newbie filmmaker, armed only with a biro, a couple of powerpoints and a Geyser fund page, I know I will succeed in my mission. It turns out you can just film things.
You may have attended bitcoin conferences before — you know, the ones with ‘fireside chats’, VIP areas, and overpriced merch. Bitcoin FilmFest is a moment in time. We are fixing the culture, year after year, until art can flourish again.
As fellow author Aaron Koenig commented during a panel session, ‘In twenty years, we won’t be drawing laser eyes and singing about honey badgers. Our grandchildren won’t understand the change we went through.’
Would I do it all again? Of course!
Join me next June in Warsaw.
I’ll be the tall one presenting his short animation premiere.
Philip Charter is a full-time writer and part-time cat herder. As well as writing for bitcoin founders and companies, he runs the 21 Futures fiction project.
Find out more about theNoderoid Saga animation projecton Geyser.