@ 472f440f:5669301e

Marty's Bent

Sorry for the lack of writing over the last week. As many of you may already know, I was in Las Vegas, Nevada for the Bitcoin 2025 conference. It was my first time in Las Vegas. I had successfully avoided Sin City for the first 34 years of my life. But when duty calls, you have to make some personal concessions.

Despite what many say about this particular conference and the spectacle that it has become, I will say that having attended every single one of Bitcoin Magazine's conferences since 2019, I thoroughly enjoy these events, even if I don't agree with all the content. Being able to congregate with others in the industry who have been working extremely hard to push Bitcoin forward, all of whom I view as kindred spirits who have also dedicated their lives to making the world a better place. There's nothing better than getting together, seeing each other in person, shaking hands, giving hugs, catching up and reflecting on how much things have changed over the years while also focusing on the opportunities that lie ahead.

I think out of all the Bitcoin magazine conferences I've been to, this was certainly my favorite. If only because it has become abundantly clear that Bitcoin is here to stay. Many powerful, influential, and competent people have identified Bitcoin as an asset and monetary network that will play a large part in human society moving forward. And more importantly, Bitcoin is proving to work far better than anybody not paying attention expected. While at the same time, the fiat system is in woeful disrepair at the same time.

As a matter of reflection and surfacing signal for you freaks, here are the presentations and things that happened that I think were the most impactful.

Miles Suter's Block Presentation

https://youtu.be/iUXomXuXcuA

This presentation was awesome for many reasons, one of which being that we often forget just how dedicated Block, as an organization with many companies - including Cash App, Square, the open source organization known as Spiral and more recently, BitKey and Proto - has been to bitcoin over the last eight years. They've worked methodically to make Bitcoin a first-class citizen in their business operations and slowly but surely have built an incredibly integrated experience across their brands. The two big announcements from Block during the conference were the enablement of Bitcoin payments in Square point-of-sale systems and the amount of revenue they're making on their Lightning node, c=, from routing payments.

Right now, the Bitcoin payments and point of sale systems is in beta with many merchants testing it out for the next six months, but it will be available for all 4 million square merchants in 2026. This is something that many bitcoiners have been waiting for for many years now, and it is incredible to see that they finally brought it across the line. Merchants will have the ability to accept bitcoin payments and either convert every payment into fiat automatically, convert a portion of the bitcoin payment into fiat to keep the rest in sats, or simply keep all of the bitcoin they receive via payments in sats. This is an incredible addition to what Square has already built, which is the ability of their merchants to sweep a portion of their revenues into bitcoin if they desire. Square is focused on building a vertically integrated suite of bitcoin products for merchants that includes the ability to buy bitcoin, receive bitcoin, and eventually leverage financial services using bitcoin as collateral so that they can reinvest in and expand their businesses.

via Ryan Gentry

What went a bit underappreciated in the crowd was the routing node revenue that c= is producing, \~9.7% annualized. This is a massive validation of something that many bitcoiners have been talking about for quite some time, which is the ability to produce "yield" on bitcoin in a way that reduces risk significantly. Locking up bitcoin in a 2-of-2 multisig within Lightning channels and operating a Lightning routing node has been long talked about as one of the ways to produce more bitcoin with your bitcoin in a way that minimizes the threat of loss.

It seems that c= has found a way to do this at scale and is doing it successfully. 10% yield on bitcoin locked in Lightning channels is nothing to joke about. And as you can see from the chart above in the grainy picture taken by Ryan Gentry of Lightning Labs, this routing node "yield" is producing more return on capital than many of the most popular staking and DeFi protocols.

This is a strong signal to the rest of the market that this can be done. It may take economies of scale and a high degree of technical competency today. But this is incredibly promising for the future of earning bitcoin by providing valuable goods and services to the market of Bitcoiners. In this case, facilitating relatively cheap and instantly settled payments over the Lightning Network.

Saifedean Ammous' Bitcoin and Tether Presentation

https://youtu.be/SFUiGTayVL8

This was one of the best presentations at the conference. Saifedean Ammous is a friend, he has been an incredible influence on my personal bitcoin journey, and I feel comfortable in saying he's been a strong influence on the journey of hundreds of thousands, at least, if not millions of people as they've attempted to understand bitcoin.

This presentation is a bit spicy because it puts a pin in the balloon of hopium that stablecoins like Tether are mechanisms that could bail out the market for US Treasuries in the medium to long-term if they take enough market share. As one always should do, Saif ran the numbers and clearly illustrates that even in the most optimistic case, Tether's impact on the market for treasuries, their interest rates, and curbing the growth of the debt held by the US federal government will be minimal at best.

One of the most interesting things that Saif points out that I'm a bit embarrassed I didn't recognize before is that much of the demand for Tether that we're seeing these days is replacement demand for treasuries. Meaning that many people who are turning to Tether, particularly in countries that have experienced hyperinflationary events, are using Tether as a substitute for their currencies, which are operated by central banks likely buying U.S. treasuries to support their monetary systems. The net effect of Tether buying those treasuries is zero for this particular user archetype.

Saif goes on to explain that if anything, Tether is a weapon against the US Treasury system when you consider that they're storing a large portion of the stablecoin backing in Treasuries and then using the yields produced by those Treasuries to buy bitcoin. Slowly but surely over time bitcoin as a percentage of their overall backing of Tether has grown quite significantly starting at 0% and approaching 10% today. It isn't hard to imagine that at some point within the next decade, Bitcoin could be the dominant reserve asset backing tethers and, as a result, Tether could be pegged to bitcoin eventually.

It's a fascinating take on Tether that I've never heard before.

Nothing Stops this Train from Lyn Alden

https://youtu.be/Giuzcd4oxIk

Lyn's been saying it loudly for quite some time now; "Nothing stops this train." She's even been on our podcast to explain why she believes this many times over the last five years. However, I don't think there is one piece of content out there that consolidates her thesis of why nothing stops the train of fiscal irresponsibility and unfettered debt expansion and why that's good for bitcoin than the presentation she gave at the conference. Definitely give this one a watch when you get a chance if you haven't already.

Overall, it was a great week in Vegas and I think it's safe to say that bitcoin has gone mainstream. Whether or not people who have been in the bitcoin industry and community for a while are okay with does not really matter. It's happening and all we can do is ride the wave as more and more people come to recognize the value prop of bitcoin and the social clout they can gain from supporting it. Our job here at TFTC is to help you discern the signal from the noise, continue to champion the self-sovereign usage of bitcoin and keep you abreast of developments in the space as they manifest.

Buckle up. Things are only going to get weirder from here on out.

Bitcoin's Mathematical Destiny

Sean Bill and Adam Back make a compelling case for Bitcoin's inevitable march toward $1 million. Sean points out that Bitcoin represents just a tiny fraction—2 trillion out of 900 trillion—of total financial assets, calling it a "tiny orange dot" on their presentation to Texas pensions. He emphasizes that reaching parity with gold alone would deliver a 10x return from current levels. Adam highlights the mathematical impossibility of current prices, noting that ETF buyers are absorbing 500,000 BTC annually while only 165,000 new coins are mined.

"Who's selling at these prices? It doesn't quite add up to me." - Adam Back

The institutional wave is just beginning. Sean revealed that while 50% of hedge fund managers personally own Bitcoin, only 3% have allocated institutional funds. Combined with emerging demand from nation states and corporate treasuries meeting Bitcoin's fixed supply, the price trajectory seems clear. Both guests stressed the importance of staying invested—missing just the 12 best performing days each year would turn Bitcoin into a losing investment.

Check out the full podcast here for more on pensions allocating to Bitcoin, cypherpunk banking, and commodity trading insights.

Headlines of the Day

Panama Canal Eyes Bitcoin for Payment Option - via X

U.S. Warns of Imminent Chinese Threat to Taiwan - via X

Get our new STACK SATS hat - via tftcmerch.io

Saylor's Bitcoin Strategy Explodes Globally Amid Doubt - via CNBC

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

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Final thought...

Moving is the least fun part of the human experience.

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@ 58537364:705b4b85

ความสุขทางโลก ลัทธิสุขนิยมยกย่อง แต่ลัทธิทรมานตนประณาม หากไม่มองว่ากามสุขเป็นพรจากพระผู้เป็นเจ้า คนก็มักมองว่ากามสุขเป็นเครื่องลวงล่อของซาตาน ในเรื่องนี้พระพุทธศาสนาเลือกเดินสายกลาง โดยสอนว่าเราควรทำความเข้าใจกามสุขให้แจ่มแจ้ง ทั้งในแง่เสน่ห์เย้ายวน ข้อจำกัดและข้อบกพร่องทั้งหลาย

เพื่อให้เข้าใจกามสุขอย่างแจ่มแจ้ง เราอาจตั้งคำถามดังนี้: กามสุขสนองตอบความต้องการทางจิตใจแบบใดได้บ้าง และไม่อาจตอบสนองความต้องการแบบใดได้ เพราะเหตุใด

ความต้องการในส่วนที่กามสุขไม่อาจตอบสนองได้ เราควรปฏิบัติอย่างไร

เราหลงเพลิดเพลินและยึดติดในกามสุขมากเพียงใด และกามสุขมีอิทธิพลเหนือจิตใจเราเพียงใด

เราเคยทำหรือพูดสิ่งที่ไม่ถูกต้องเนื่องด้วยปรารถนาในกามสุขหรือไม่

เราเคยเบียดเบียนผู้อื่นเนื่องด้วยปรารถนาในกามสุขหรือไม่

บ่อยครั้งเพียงใดที่สุขทางโลกสร้างความผิดหวังให้เรา

ความคาดหวังมีผลกระทบอย่างไรต่อความสุขทางโลก การทำอะไรซ้ำๆ และความเคยชินส่งผลต่อความสุขทางโลกอย่างไร

เรารู้สึกอย่างไร ยามไม่ได้กามสุขที่เราปรารถนา

กามสุขมีความเกี่ยวข้องกับความซึมเศร้าหรือไม่ กับความวิตกกังวลด้วยหรือไม่

เรารู้สึกอย่างไร เมื่อนึกถึงอนาคตว่า จะต้องพลัดพรากจากสุขทางโลก เนื่องด้วยความเจ็บไข้ ความแก่ และความตาย

การพลัดพรากจากความสุขทางโลกรู้สึกอย่างไรบ้าง

เราตั้งคำถามได้มากมาย และยังตั้งคำถามได้มากไปกว่านี้
หลักสำคัญ คือ ยิ่งเห็นชัดแจ้งในกามสุข เราจะยิ่งเกิดปัญญาและเข้าถึงความสงบมากขึ้น

ธรรมะคำสอน โดย พระอาจารย์ชยสาโร แปลถอดความ โดย ปิยสีโลภิกขุ

@ 4c96d763:80c3ee30

Changes

Fernando López Guevara (2):

• feat(column): add tooltip on remove column button
• feat(hashtag-column): handle new hashtag on Enter key press

pushed to notedeck:refs/heads/master

@ cae03c48:2a7d6671

Bitcoin Magazine

Amboss Launches Rails, a Self-Custodial Bitcoin Yield Service

Amboss, a leader in AI-driven solutions for the Bitcoin Lightning Network, today announced Rails, a groundbreaking self-custodial Bitcoin yield service. According to a press release sent to Bitcoin Magazine, it’s designed to empower companies, custodians, and high net worth individuals. This allows participants to earn a yield on their Bitcoin.

Big news from @TheBitcoinConf !
We’re thrilled to announce Rails—a self-custodial Bitcoin yield service that empowers you to earn on your BTC while supercharging the Lightning Network.

Let’s bring Bitcoin to the World.https://t.co/3WYYvB95hP

— AMBOSS (@ambosstech) May 29, 2025

Rails also launched a secure way for Liquidity Providers (LPs) to hold all custody of their Bitcoin while generating returns from liquidity leases and payment routing, although they are not guaranteed. The implementation of Amboss’ AI technology, Rails strengthened their Lighting Network with more dependable transactions and larger payment volumes.

“Rails is a transformative force for the Lightning Network,” said the CEO and Co-Founder of Amboss Jesse Shrader. “It’s not just about yield—it’s about enabling businesses to strengthen the network while earning on their Bitcoin. This is a critical step in Bitcoin’s evolution as a global medium of exchange.”

The service offers two options: 

• Rails LP is designed for high net worth individuals, custodians, and companies with Bitcoin treasuries, requiring a minimum commitment of 1 BTC for one year. 
• Liquidity subscriptions are designed for businesses that receive Bitcoin payments, with fees starting at 0.5%.

Amboss partnered with CoinCorner and Flux (a joint venture between Axiom and CoinCorner), to bring Rails to the market. CoinCorner has incorporated it into both its exchange platform and daily payment services in the Isle of Man. Flux is jointly focused on advancing the Lightning Network’s presence in global payments. Their participation highlights growing industry trust in Rails as a tool to scale Bitcoin effectively. 

“Rails offers a practical way for businesses like ours to participate in the Lightning Network’s growth,” said the CFO of CoinCorner David Boylan. “We’ve been using the Lightning Network for years, and Rails provides a structured approach to engaging with its economy, particularly through liquidity leasing and payment routing. This aligns with our goal of making Bitcoin more accessible and practical for everyday use.”

This post Amboss Launches Rails, a Self-Custodial Bitcoin Yield Service first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 4c96d763:80c3ee30

Changes

Daniel D’Aquino (33):

• v1.13 changelog
• Version bump to 1.14
• Fix thread parent event loading regression
• Improve syncing and performance of ThreadModel
• v1.13.1 changelog
• Update Kingfisher to 8.3.1
• Add some miscellaneous documentation
• Renamed RelayInfo to LegacyKind3RelayRWConfiguration
• Define protocol NostrEventConvertible
• Organize RelayPool namespace
• NIP-65 relay list models and definitions
• New async streaming interface from RelayPool
• Implement safe interface for unowned NdbNotes
• Implement NostrNetworkManager and UserRelayListManager
• Add First Aid tool to repair relay list
• Fetch NIP-65 relay lists from profile view
• Add one-click Coinos wallet setup
• Add disclaimer to Coinos button
• Add network connect call to extensions
• Add safety reminder for higher balances
• Reinitialize videos if they enter an error state
• Refactor wallet invoice URL handling
• Re-enable note zaps ⚡️
• Move Kingfisher data to the Caches directory
• Implement Codable for NdbNote
• Add description and metadata to pay_invoice command
• Improve Coinos button disclaimer
• Add option to dismiss wallet high balance warning
• Improve error handling on NWC wallet
• Do not process NWC responses not meant for the user
• Add relay connectivity information to NWC settings
• Add changelog for v1.14
• Version bump to 1.15

SanjaySiddharth (3):

• Add search feature to the settings screen
• Fix bug that closes the side menu when copying npub
• Show additional information on top of blurred images

Swift Coder (1):

• Display Circular Indicator on top of media undergoing upload process Removed existing progress view bar at the top of post view Added separate stack in PVImageCarouselView for media undergoing the upload process Changelog-Added: Display uploading indicator in post view Signed-off-by: Swift Coder scoder1747@gmail.com

Terry Yiu (22):

• Fix localization issues in TransactionsView
• Export strings for translation
• Add Unicode 16 emoji reactions for iOS 18.4+ by upgrading EmojiPicker
• Add missing localized string comment
• Export strings for translation
• Clean up code in ProfileName.name_choice
• Fix quote notes to include missing q tag
• Fix some compiler warnings
• Replace deprecated usage of UIMenuController with UITextViewDelegate
• Add notification setting to hide hellthreads
• Inverse hellthread_notifications_enabled to be hellthread_notifications_disabled and add hellthread_notifications_max_pubkeys setting
• Hide future notes from timeline
• Fix note rendering for those that contain previewable items or leading and trailing whitespaces
• Add inline note rendering of invoices to pull up wallet selector sheet
• Optimize classify_url function
• Export strings for translation
• Remove arbitrary newline from localizable string
• Export strings for translation
• Add NIP-05 favicon to profile names and NIP-05 web of trust feed
• Fix quotes view header alignment
• Export strings for translation
• Rename Bitcoin Beach wallet to Blink

Transifex (83):

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William Casarin (1):

• perf: don't use regex in trim_{prefix,suffix}

ericholguin (2):

• nwc: Wallet Redesign
• wallet: route to profile from wallet tx list

pushed to damus:refs/heads/master

@ 39cc53c9:27168656

Read the original blog post

I've been thinking about how to improve my seed backup in a cheap and cool way, mostly for fun. Until now, I had the seed written on a piece of paper in a desk drawer, and I wanted something more durable and fire-proof.

Show me the final result!

After searching online, I found two options I liked the most: the Cryptosteel Capsule and the Trezor Keep. These products are nice but quite expensive, and I didn't want to spend that much on my seed backup. Privacy is also important, and sharing details like a shipping address makes me uncomfortable. This concern has grown since the Ledger incident^1. A $5 wrench attack^2 seems too cheap, even if you only hold a few sats.

Upon seeing the design of Cryptosteel, I considered creating something similar at home. Although it may not be as cool as their device, it could offer almost the same in terms of robustness and durability.

Step 1: Get the materials and tools

When choosing the materials, you will want to go with stainless steel. It is durable, resistant to fire, water, and corrosion, very robust, and does not rust. Also, its price point is just right; it's not the cheapest, but it's cheap for the value you get.

I went to a material store and bought:

• Two bolts
• Two hex nuts and head nuts for the bolts
• A bag of 30 washers

All items were made of stainless steel. The total price was around €6. This is enough for making two seed backups.

You will also need:

• A set of metal letter stamps (I bought a 2mm-size letter kit since my washers were small, 6mm in diameter)
  • You can find these in local stores or online marketplaces. The set I bought cost me €13.
• A good hammer
• A solid surface to stamp on

Total spent: 19€ for two backups

Step 2: Stamp and store

Once you have all the materials, you can start stamping your words. There are many videos on the internet that use fancy 3D-printed tools to get the letters nicely aligned, but I went with the free-hand option. The results were pretty decent.

I only stamped the first 4 letters for each word since the BIP-39 wordlist allows for this. Because my stamping kit did not include numbers, I used alphabet letters to define the order. This way, if all the washers were to fall off, I could still reassemble the seed correctly.

The final result

So this is the final result. I added two smaller washers as protection and also put the top washer reversed so the letters are not visible:

Compared to the Cryptosteel or the Trezor Keep, its size is much more compact. This makes for an easier-to-hide backup, in case you ever need to hide it inside your human body.

Some ideas

Tamper-evident seal

To enhance the security this backup, you can consider using a tamper-evident seal. This can be easily achieved by printing a unique image or using a specific day's newspaper page (just note somewhere what day it was).

Apply a thin layer of glue to the washer's surface and place the seal over it. If someone attempts to access the seed, they will be forced to destroy the seal, which will serve as an evident sign of tampering.

This simple measure will provide an additional layer of protection and allow you to quickly identify any unauthorized access attempts.

Note that this method is not resistant to outright theft. The tamper-evident seal won't stop a determined thief but it will prevent them from accessing your seed without leaving any trace.

Redundancy

Make sure to add redundancy. Make several copies of this cheap backup, and store them in separate locations.

Unique wordset

Another layer of security could be to implement your own custom mnemonic dictionary. However, this approach has the risk of permanently losing access to your funds if not implemented correctly.

If done properly, you could potentially end up with a highly secure backup, as no one else would be able to derive the seed phrase from it. To create your custom dictionary, assign a unique number from 1 to 2048 to a word of your choice. Maybe you could use a book, and index the first 2048 unique words that appear. Make sure to store this book and even get a couple copies of it (digitally and phisically).

This self-curated set of words will serve as your personal BIP-39 dictionary. When you need to translate between your custom dictionary and the official BIP-39 wordlist, simply use the index number to find the corresponding word in either list.

Never write the idex or words on your computer (Do not use Ctr+F)

@ bf47c19e:c3d2573b

U ovoj sekciji pratićemo cene raznih dobara i usluga, a pre svega nekretnina, prosečne srpske plate, goriva, deviznih i zlatnih rezervi Srbije u odnosu na Bitkoin. Iz priloženih grafikona može se videti da sve vremenom gubi vrednost, odnosno postaje jeftinije u odnosu na BTC.

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Cene nekretnina u Republici Srbiji izražene kroz Bitkoin (kompletni grafikoni)

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Visina prosečne zarade u Republici Srbiji, cene goriva, dinarska i devizna štednja stanovništva, devizne i zlatne rezerve Srbije - izraženo kroz Bitkoin (kompletni grafikoni)

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Prosečna cena m2 stana u Gradu Beogradu izražena kroz BTC

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Prosečna cena m2 stana u "Beogradu na vodi" izražena kroz BTC

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Prosečna cena m2 stana u Novom Sadu izražena kroz BTC

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Prosečna cena m2 stana u Nišu izražena kroz BTC

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Prosečna cena m2 stana u Kragujevcu izražena kroz BTC

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Prosečna zarada u Republici Srbiji izražena kroz BTC

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Cena goriva 'Evro Premium BMB 95' izražena kroz BTC

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Cena goriva 'Evro Dizel' izražena kroz BTC

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Javni dug Republike Srbije izražen kroz BTC & EUR

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Dinarska štednja stanovništva kod banaka izražena kroz BTC

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Devizna štednja stanovništva kod banaka izražena kroz BTC

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Devizne rezerve Republike Srbije izražene kroz BTC

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Zlatne rezerve Republike Srbije izražene kroz BTC

@ 29313cc9:a6bf155e

I thought i'd experiment with this Nostr blogging thing and write a short article on the state of Meshtastic and its alternatives.

For years Meshtastic was the only game in town, there wasn't a lot of users but the authors kept plugging away and it has become a thriving ecosystem of open source hardware, software, tools and social scene.

Meshtastic has always been focused on node to node messaging, in particular one of the use cases specifically mentioned was hiking in the wilderness or skiing in the mountains and being able to use these devices off-grid, perhaps even without a phone to communicate with one and other. The project does have a few other features like telemetry, remote admin, packet data etc but the messaging was the focus. Because of this focus, the core functionality needs to be built into the firmware of these low powered devices like ESP32 for example. This restricts what can be done in terms of CPU power and storage, but also makes synchronization between device and phone cumbersome.

Unfortunately, as a messaging platform, Meshtastic still struggles even after all these years. Message delivery and routing are fairly unreliable, 95% of conversations go along the lines of "hello, test, anyone there?". Now I should mention, if you have a very good signal to your peers the reliability can be good, but even then its not a guarantee.

Early on in the Meshtastic journey I stumbled upon a similar project named Reticulum which can utilize the same LoRa based hardware but aims to be a more comprehensive platform for decentralized communications and currently requires a computer or raspberry pi to run the Python backend alongside the LoRa hardware as a radio. Reticulum has historically been a less polished UI experience and a little idiosyncratic in its design which has probably hindered its adoption a little. But the main difference to Meshtastic is Reticulum requires bigger hardware and is less suitable for remote installations, solar powered setups etc. My understanding is once v1.0 has been released (soon) there may be efforts to port the code to native C which may allow hardware nodes to run as repeaters on their own.

More recently a new project has been announced called Meshcore, which is more closely aligned with Meshtastic than Reticulum, Meshcore makes several important improvements to message delivery and routing in an attempt to improve the reliability of the core feature, messaging. Popular Youtube channel Andy Kirby has been central in helping Meshcore gain popularity and I think he may be involved in the commercial aspects of the project. The smartphone apps and website mapping and flasher tools are a bit more polished with Meshcore.

One of the biggest contributors in the space is Liam Cottle who has created mapping websites for Meshtastic & Meshcore, he also built the Meshcore smartphone app and built the fantastic Reticulum MeshChat UI.

With all this new competition Meshtastic appears to be pushing out more frequent updates and whilst they have been introducing more bugs into the software it is nice to see some faster progress.

In my opinion Reticulum is probably the most interesting project with the most potential, but they do need to get the core routing engine running standalone on low powered hardware for the project to expand to more hardware/radio focused users.

That is all. Mesh on!

@ 8c7778fc:7689822c

Trong bối cảnh nền kinh tế số đang trở thành động lực cốt lõi cho sự phát triển bền vững tại Việt Nam, VNWIN nổi lên không chỉ là một nền tảng trực tuyến về giải trí mà còn là một mắt xích quan trọng đóng góp vào sự chuyển đổi số quốc gia. Với nền tảng công nghệ vững chắc, quy trình vận hành hiện đại và khả năng tích hợp hệ thống linh hoạt, VNWIN đã và đang tạo ra một không gian số toàn diện, nơi người dùng không chỉ tham gia vào các hoạt động trực tuyến mà còn được tiếp cận với một mô hình kinh doanh thông minh. Nhờ áp dụng các công nghệ tiên tiến như AI, Big Data và bảo mật đa tầng, VNWIN không chỉ đảm bảo an toàn thông tin tuyệt đối mà còn tối ưu trải nghiệm người dùng theo từng nhu cầu cụ thể. Điều này không chỉ giúp nâng cao hiệu quả hoạt động nội bộ mà còn mang đến những giá trị gia tăng thực tế cho nền kinh tế, khi số lượng lớn người dùng VNWIN mỗi ngày đều tương tác, giao dịch và tiêu dùng thông qua nền tảng. Đặc biệt, việc tích cực tuân thủ các tiêu chuẩn pháp lý về thương mại điện tử cũng là điểm cộng lớn giúp VNWIN ngày càng khẳng định vai trò trong sự phát triển chung của hạ tầng kinh tế số Việt Nam.

Bên cạnh yếu tố công nghệ, VNWIN còn nổi bật nhờ khả năng xây dựng cộng đồng trực tuyến lành mạnh và có tính kết nối cao. Hệ sinh thái người dùng của VNWIN không chỉ dừng lại ở việc cung cấp sản phẩm mà còn liên tục mở rộng qua các chương trình tương tác cộng đồng, chăm sóc khách hàng chuyên sâu và các hoạt động trải nghiệm mang tính giáo dục về an toàn công nghệ số. Trong khi nhiều nền tảng số khác chỉ chú trọng vào lượt truy cập, VNWIN lại đầu tư vào chất lượng tương tác với người dùng, giúp tăng sự trung thành và độ tin cậy thương hiệu. Thông qua các kênh hỗ trợ như chat trực tuyến, hotline, email và mạng xã hội, người dùng VNWIN luôn nhận được sự hỗ trợ tận tình, nhanh chóng, thể hiện rõ cam kết đồng hành của doanh nghiệp với khách hàng. Ngoài ra, VNWIN cũng thường xuyên tổ chức các chương trình khuyến mãi, ưu đãi hấp dẫn và hoạt động tặng thưởng, nhằm kích thích hoạt động thương mại trong cộng đồng người dùng, tạo nên một chuỗi giá trị khép kín vừa phục vụ mục tiêu kinh doanh vừa thúc đẩy phát triển tiêu dùng nội địa. Việc người chơi quay lại sử dụng dịch vụ không chỉ đơn thuần vì giải trí mà còn bởi niềm tin vào hệ sinh thái số mà VNWIN đang kiến tạo mỗi ngày.

Không dừng lại ở việc phát triển nền tảng và xây dựng cộng đồng, VNWIN còn chủ động mở rộng ảnh hưởng thông qua các hoạt động hợp tác chiến lược với các đối tác công nghệ, tài chính và giáo dục. Sự kết nối đa ngành này không chỉ mở rộng quy mô hoạt động mà còn giúp VNWIN tăng cường tính đa dạng trong dịch vụ, tạo ra nhiều lựa chọn hơn cho người dùng. Bên cạnh đó, VNWIN cũng thể hiện vai trò tiên phong trong việc thúc đẩy nhận thức xã hội về lợi ích của nền kinh tế số thông qua các chiến dịch truyền thông tích cực, các dự án chia sẻ kiến thức công nghệ đến cộng đồng và các chương trình hỗ trợ thanh toán không tiền mặt. Đây chính là biểu hiện rõ ràng nhất cho cam kết phát triển bền vững, đưa công nghệ vào cuộc sống một cách hiệu quả, minh bạch và có trách nhiệm. Với định hướng phát triển lấy người dùng làm trung tâm, cùng chiến lược dài hạn trong việc đồng hành cùng nền kinh tế số Việt Nam, VNWIN đang khẳng định vị thế không thể thay thế trong hành trình số hóa toàn diện của quốc gia.

@ 5d4b6c8d:8a1c1ee3

We have our finalists: - Indiana (4) @ OKC (1)

Pick one team to win the finals and one player to win Finals MVP.

Scoring this round is 8 points + seed value for picking a winner and 8 points for picking the Finals MVP. The maximum points this round are 20.

Current Scores | Stacker | Points | |----------|-------| | @Undisciplined | 44| | @gnilma | 40| | @grayruby | 32 | | @Carresan | 30| | @fishious | 25| | @WeAreAllSatoshi | 24| | @BlokchainB | 19 | | @Coinsreporter | 19 | | @Car | 14 |@Slestak_Jack| 0 |

SGA and Siakam were the Conference Finals MVPs

Most of the stackers can still catch me, but only if something unexpected happens. Good luck!

I believe I said the prize is 10k. I'll double check that in the event I don't win.

https://stacker.news/items/994522

@ 33baa074:3bb3a297

COD (chemical oxygen demand) sensors play a vital role in water quality testing. Their main functions include real-time monitoring, pollution event warning, water quality assessment and pollution source tracking. The following are the specific roles and applications of COD sensors in water quality testing:

Real-time monitoring and data acquisition COD sensors can monitor the COD content in water bodies in real time and continuously. Compared with traditional sampling methods, COD sensors are fast and accurate, without manual sampling and laboratory testing, which greatly saves time and labor costs. By combining with the data acquisition system, the monitoring data can be uploaded to the cloud in real time to form a extemporization distribution map of the COD content in the water body, providing detailed data support for environmental monitoring and management.

Pollution event warning and rapid response COD sensors play an important role in early warning and rapid response in water environment monitoring. Once there is an abnormal increase in organic matter in the water body, the COD sensor can quickly detect the change in COD content and alarm through the preset threshold. This enables relevant departments to take measures at the early stage of the pollution incident to prevent the spread of pollution and protect the water environment.

Water quality assessment and pollution source tracking COD sensors play an important role in water quality assessment and pollution source tracking. By continuously monitoring the COD content in water bodies, the water quality can be evaluated and compared with national and regional water quality standards. At the same time, COD sensors can also help determine and track the location and spread of pollution sources, provide accurate data support for environmental management departments, and guide the development of pollution prevention and control work.

Application scenarios COD sensors are widely used in various water quality monitoring scenarios, including but not limited to: Sewage treatment plants: used to monitor the COD content of in fluent and effluent to ensure the effect of sewage treatment. Water source protection and management: deployed in water sources to monitor the COD content of in fluent sources. Once the water quality exceeds the set limit, the system will issue an alarm in time to ensure water quality safety. Lake and river monitoring: deployed in water bodies such as lakes and rivers to monitor the COD content of water bodies in real time.

Technical features of COD sensor COD sensor uses advanced technology, such as ultraviolet absorption method, which does not require the use of chemical reagents, avoiding the risk of contamination of chemical reagents in traditional COD detection methods, and can achieve online uninterrupted water quality monitoring, providing strong support for real-time water quality assessment. In addition, COD sensor also has the advantages of low cost, high stability, strong anti-interference ability, and convenient installation.

Summary In summary, COD sensor plays an irreplaceable role in water quality detection. It can not only provide real-time and accurate water quality data, but also quickly warn when pollution incidents occur, providing strong technical support for water quality management and environmental protection. With the advancement of technology and the popularization of applications, COD sensor will play a more important role in water quality monitoring in the future.

@ 33baa074:3bb3a297

The oil-in-water sensoris an instrument specially used to detect oil substances in water bodies. Its working principle is mainly based on the characteristic that oil substances will produce fluorescence under ultraviolet light. The following is a detailed explanation:

Principle Overview The oil-in-water sensor uses the characteristic that oil substances will produce fluorescence under ultraviolet light, and measures the fluorescence intensity to infer the concentration of oil substances. Specifically, the sensor uses ultraviolet light as the excitation light source to irradiate the water sample to be tested. After the oil substance absorbs ultraviolet light, it will stimulate fluorescence, and the fluorescence signal is received by the photo detector and converted into an electrical signal. By measuring the strength of the electrical signal, the concentration of oil substances in the water sample can be inferred.

Workflow Ultraviolet light irradiation: The ultraviolet light source inside the sensor emits ultraviolet light and irradiates it into the water sample to be tested.

Fluorescence generation: After the oil substance in the water sample absorbs ultraviolet light, it will stimulate fluorescence.

Fluorescence detection: The photo detector in the sensor measures the intensity of this fluorescence.

Signal conversion: The signal processing circuit converts the output of the photo detector into an electrical signal proportional to the amount of oil in the water. Data analysis: By analyzing the strength of the electrical signal, the concentration of oil substances in the water sample can be obtained.

Features and applications The oil in water sensor has high sensitivity and can detect soluble and falsifiable oils. It is suitable for a variety of water quality monitoring scenarios, such as oil field monitoring, industrial circulating water, condensate water, wastewater treatment, surface water stations, etc. In addition, it can also monitor the content of crude oil (benzene and benzene homologous) in water sources such as reservoirs and water plants in real time online, play an early warning role, and protect the safety of water sources.

Practical application The oil in water sensor has a wide range of functions in practical applications, including but not limited to the following aspects: Monitoring the water quality of water sources: ensuring the safety of drinking water, and timely discovering pollution sources and ensuring water supply safety by continuously monitoring oil substances in water sources. Monitoring sewage treatment plant emissions: ensuring that the discharge water quality of sewage treatment plants meets the emission standards to avoid secondary pollution to the environment. Monitoring rivers, lakes and other water bodies: assessing the pollution status and providing a basis for pollution control. Early warning and emergency response: It has real-time monitoring and early warning functions, and can issue an alarm in time when abnormal conditions are found, providing valuable time for emergency response and reducing losses caused by pollution. Scientific research: Through the monitoring data of this sensor, we can deeply understand the distribution, migration and transformation of oil substances in water bodies, and provide a scientific basis for environmental protection and governance.

In summary, the oil in water sensor monitors the oil content in water bodies through ultraviolet fluorescence method, has high sensitivity and broad application prospects, and is an indispensable and important tool in modern environmental monitoring and industrial production.

@ 33baa074:3bb3a297

The control of residual chlorine in swimming pools is an important part of water quality management, which aims to ensure the sanitation and safety of swimming pool water while avoiding discomfort to swimmers. Here are some key points about residual chlorine control in swimming pools:

Standards for residual chlorine According to the regulations of the national health supervision department, the residual chlorine in swimming pool water should be kept between 0.3mg/L-1.5mg/L. This range can not only ensure effective disinfection, but also avoid irritation to swimmers' skin and eyes caused by excessive residual chlorine. Too low residual chlorine will lead to incomplete disinfection and increase the risk of bacterial growth; while too high residual chlorine may cause human discomfort and even poisoning. The role of residual chlorine Residual chlorine is a residual disinfectant in swimming pool water, usually in the form of sodium hypocrite (NaClO). It has strong oxidizing properties and can effectively kill bacteria, viruses and other microorganisms in water, thereby ensuring the health of swimmers. In addition, residual chlorine can eliminate harmful substances such as organic matter and ammonia in water to keep the water clean.

Residual chlorine detection method The method of detecting residual chlorine in swimming pools usually uses test strips or test kits for qualitative or quantitative detection. In addition, online monitoring instruments can be used to monitor the residual chlorine in the swimming pool in real time. These methods can help managers promptly detect and deal with situations where the residual chlorine content is too high or too low, ensuring that the water quality of the swimming pool meets the standards.

Methods for controlling residual chlorine Reasonable addition of disinfectants: According to the water quality of the swimming pool and the number of swimmers, reasonable addition of disinfectants to control the residual chlorine content within the specified range.

Regular testing: Regularly test the residual chlorine in the swimming pool to promptly detect and deal with situations where the residual chlorine content is too high or too low.

Maintain swimming pool equipment: Regularly check and maintain swimming pool equipment to ensure the water treatment effect and circulation filtration are normal, and reduce residual disinfectants and other harmful substances in the water.

Do a good job in swimmer hygiene management: Strengthen swimmer hygiene management, require swimmers to shower and rinse their feet before entering the pool, and reduce pollution sources entering the swimming pool.

Solution for excessive residual chlorine If the residual chlorine content in the swimming pool exceeds the standard range, the following measures can be taken:

Use decorating agent: Use decorating agent to quickly restore the excessive residual chlorine in the swimming pool to the normal range (0.3~0.5mg/L). This method is applicable to excessive residual chlorine caused by excessive addition of chlorine disinfectant.

Adjust the water treatment process: According to the water quality, adjust the water treatment process appropriately, such as selecting the appropriate type and dosage of disinfectant, and adjusting operating parameters such as flow rate, pH value, etc., to reduce the generation of residual chlorine.

Strengthen equipment maintenance: Regularly maintain and maintain the water treatment equipment of the swimming pool to ensure its normal operation and disinfection effect.

Through the above methods, the residual chlorine content in the swimming pool can be effectively controlled to ensure water quality safety and protect the health of swimmers.

@ 33baa074:3bb3a297

Soil moisture is a key factor that affects the structure and function of soil microbial communities. Here are some of the main aspects of how soil moisture affects microorganisms:

Affecting the Growth and Metabolism of Microorganisms Changes in soil moisture content directly affect the growth and metabolic activities of microorganisms. Under suitable moisture conditions, microorganisms are better able to carry out metabolic activities, thereby promoting the decomposition of soil organic matter and the transformation of nutrients. However, under extremely dry or overly wet conditions, the activity of microorganisms will be inhibited, resulting in a decline in soil functions.

Changing the Structure of Microbial Communities Changes in soil moisture conditions can lead to significant changes in the structure of microbial communities. For example, under drought conditions, the number of drought-tolerant microorganisms may increase to adapt to the water shortage environment. While under wet conditions, aerobic microorganisms may dominate. This change in community structure not only affects the soil's water retention capacity, but also other ecological functions of the soil.

Affecting the Stability of Soil Aggregates Soil aggregates are clumps formed by soil particles through physical, chemical and biological actions, and they have an important impact on the soil's water retention capacity. Soil microorganisms participate in the formation and stability of soil aggregates by secreting substances such as extracellular polymers. Appropriate soil moisture helps maintain the stability of soil aggregates, thereby improving the soil's water retention capacity. However, excessive moisture or drought may lead to the destruction of soil aggregates and reduce the soil's water retention capacity.

Regulating soil moisture dynamics Soil microorganisms can regulate the dynamic balance of soil moisture through their metabolic activities, such as decomposing organic matter and synthesizing exopolysaccharides. For example, some microorganisms can increase the water holding capacity of the soil by secreting exopolysaccharides, while others can release water by decomposing organic matter. These activities help maintain the stability of soil moisture and support plant growth.

Influencing the physical properties of soil Soil moisture can also indirectly affect the living environment of microorganisms by affecting the physical properties of the soil, such as pore structure and texture. Good soil pore structure is conducive to the penetration and storage of water, and also provides a suitable living space for microorganisms. Soil texture is closely related to the stability of aggregates. Sandy soils have poor aggregate stability and weak water retention capacity; while clay soils have good aggregate stability and strong water retention capacity.

In summary, soil moisture has many effects on microorganisms, including affecting the growth and metabolism of microorganisms, changing the structure of microbial communities, affecting the stability of soil aggregates, regulating soil moisture dynamics, and affecting the physical properties of soil. Therefore, maintaining suitable soil moisture conditions is of great significance for protecting the diversity and function of soil microbial communities and improving the water retention capacity of soil.

@ 33baa074:3bb3a297

Distilled water has a wide range of applications in the medical field, mainly including the following aspects: Preparation of injection water Distilled water is an indispensable agent in medical institutions, used for the preparation of drugs, injection and washing of instruments, etc. In the medical process, sterile injection water is needed to flush wounds, prepare drugs, etc. The distilled water machine can ensure the purity of water and prevent microorganisms and harmful substances in the water from causing harm to patients.

Surgical wound flushing In breast cancer surgery, warm distilled water is used to flush surgical wounds. This practice helps to clean the wound, remove possible residual tumor cells, and use hypnotic effect to make tumor cells absorb water, swell, rupture, and necrotic, thereby preventing tumors from growing in the wound.

Cleaning and disinfection Distilled water has a certain disinfection and sterilization effect. It can be used to clean the skin, help eliminate bacteria on the skin surface, and is beneficial to the health of the skin. In addition, distilled water can also be used to clean and disinfect medical equipment to ensure the hygiene and safety of the medical environment.

Laboratory use In medical-related laboratories, distilled water is used to prepare experimental solutions, wash utensils and experimental instruments. These applications ensure the accuracy of experimental results while maintaining the sterile environment of the laboratory.

Moisturizing and Beauty Although not directly used in medical applications, distilled water is also used in skin care. It can be used as a basic moisturizer to help improve the symptoms of dry skin. In the field of medical beauty, distilled water is sometimes used for facial compresses to achieve calming, cooling, and swelling effects.

In summary, the application of distilled water in the medical field is multifaceted, from basic injection water preparation to complex surgical assistance to daily skin care, it has played an important role.

@ 33baa074:3bb3a297

The PH value of a swimming pool is one of the important indicators for measuring the quality of swimming pool water. Its importance is mainly reflected in the following aspects:

Affecting human comfort The pH of water that the human body is most adapted to is neutral. Inappropriate pH of swimming pool water will irritate human skin, eyes and mucous membranes, causing discomfort. For example, when the pH value is high or low, it may irritate the swimmer's skin, eyes, etc., causing discomfort such as itchy skin, red and swollen eyes, and sticky hair, affecting the swimmer's physical health and swimming experience. Affecting the disinfection effect of swimming pools Affecting the activity of chlorine disinfectants Swimming pools are usually disinfected with chlorine-containing disinfectants. Different pH values will cause differences in the activity and disinfection ability of chlorine. When the pH value in swimming pool water is greater than 8.0, the activity of chlorine disinfectants in water will be significantly reduced, that is, the disinfection ability will be reduced, which will affect the algae removal and sterilization effects, resulting in the proliferation of green algae in swimming pool water. When the pH value is less than 7.0, the activity of the disinfectant in the swimming pool will be relatively high, the residual chlorine in the swimming pool will dissipate faster, and the disinfection durability of the swimming pool disinfectant will be greatly weakened. Under the condition of pH about 7.5, there is a relatively good disinfection effect and the duration of the drug effect is relatively long.

Influence on the existence form of residual chlorine Depending on the pH value, free chlorine may be chlorine gas (Cl₂), chlorophyll acid (HClO) or hypocrite ion (ClO⁻) dissolved in water. The disinfection effect of HClO is about 100 times stronger than that of ClO⁻. When the pH value is about 7.5, both chlorophyll acid and hypocrite ion exist, and the proportion is roughly equal, which can ensure a better disinfection effect.

Corrosion to swimming pool facilities Pool water acidity or alkalinity will have a corrosive effect on swimming pool equipment. If the water is acidic, it will also corrode the accessories of the suction machine and affect the normal use of the equipment. If the pH value is unbalanced for a long time, the chemical disinfectants in the swimming pool will corrode the pool structure and swimming pool equipment, which will not only affect the appearance of the pool structure and equipment, but also shorten the service life of the swimming pool and increase the maintenance cost of the swimming pool in the later stage.

Impact on the containment of pool water The pH value in the swimming pool will change due to many external factors, such as rain, the use of swimming pool disinfectants, and alkaline chemicals. Maintaining a suitable pH value can make the pool water have better containment, more stably cope with the influence of these external factors, and maintain the relative stability of water quality.

In summary, the pH value of the swimming pool is of great significance to ensure the health and comfort of swimmers, ensure the disinfection effect, protect swimming pool facilities, and maintain the stability of pool water quality.

@ 491afeba:8b64834e

Quando adolescente eu acreditava na coerência da teoria de "amor líquido" do polonês, sociólogo, Zygmunt Bauman, apresentada no livro "Amor Líquido: Sobre a Fragilidade dos Laços Humanos", qual no meu amadurecimento em estudos, sejam eles no meio acadêmico ou fora, percebo como uma das formas mais rasas de explicar as mudanças e transformações dos padrões de relações sócio-afetivas dos humanos. A seguir colocar-me-ei na minha juventude não tanto recente, direi então que nós, se adolescentes e conservadores, ou mesmo jovens adultos mais conservadores, costumamos levar como dogma uma óptica decadentista generalizada de todos os avanços de eras dos homens, universalizamos por nos ser comum a indistinção entre humanidade e humanidades, ou mesmo "humanity" e "humankind" ("humanidade" como espécime e "humanidade" como um universal), compreendemos toda "essas" como "essa" e indistinguimos as sociedades para com os homens, ou seja, a incapacidade de definir os seres dentro de suas respectivas singularidades e especificidades nos leva ao decadentismo generalista (a crença de que de forma geral, e universal, a "civilização universal" decai moralmente, éticamente, materialmente e espiritualmente), que aparente à nós determinadas mudanças nas relações humanas quanto ao caráter sócio-afetivo, por falta de profundidade e critérios ainda sobre questões alinhadas aos métodos e coerências, ou incoerências, lógicas, nós se jovens e conservadores somos levados ao engodo de concordar com a teoria do amor líquido de Bauman, que devo cá explicar de antemão: trata ela, a teoria, o padrão de "amor" dos tempos presentes como frágil, de prazo (curto e médio) e diferente em grau comparativamente ao amor comum das eras passadas.

Aos jovens mais progressistas opera uma compreensão dialética sobre as eras dos homens nos seu tempo presente, na qual ao tempo que o ser progride ele também regride simultaneamente, ou seja, a medida que aparecem contradições advindas de transformações materiais da realidade humana o ser supera essas contradições e progride em meio as transformações, ainda fazendo parte da lógica dessa indissociavelmente, assim constantemente progredindo e regredindo, havendo para esses dois vetores de distinção: o primeiro é o que releva questões espirituais como ao caráter do pensamento "new age", o segundo ignora essas questões por negar a existência da alma, seguem ao materialismo. Cedem em crer na teoria baumaninana como dogma, pois não encontram outros meios para explicar as transformações da sociedade na esfera sócio-afetiva sem que haja confrontamento direto com determinadas premissas assim pertinemente presentes, ou por não conciliarem com análises relativamente superiores, como a de Anthony Giddens sobre a "relação pura" em "A Transformação da Intimidade" e de François de Singly apresentada em "Sociologie du Couple".

!(image)[https://i.pinimg.com/736x/6f/b4/9e/6fb49eda2c8cf6dc837a0abfc7e108e6.jpg]

Há um problema quando uma teoria deixa de assim ser para vir a tornar-se mais um elemento desconexo da ciência, agora dentro da cultura pop, se assim podemos dizer, ou da cultura de massa, ou se preferirem mesmo "anticultura", esse problema é a sua deformização teórica, tornando-se essa rasa para sua palatabilidade massiva, somada a incapacidade de partes da sociedade civil em compreender as falhas daquilo que já foi massificado. Tive surpresa ao entender que muitos outros compartilham da mesma opinião, a exemplo, possuo um amigo na faculdade, marxista, que ao falarmos sobre nossos projetos de pesquisa, citou ele o projeto de um de nossos colegas, no qual esse referido um de nossos colegas faria seu projeto com base na teoria do amor líquido de Bauman, então alí demos risada disso, ora, para nós a teoria baumaniana é furada, passamos a falar sobre Bauman e o motivo pelo qual não gostávamos, lá fiquei até surpreso em saber que mais gente além de mim não gostava da teoria de Bauman, pois ao que eu via na internet era rede de enaltecimentos à figura e à sua teoria, tal como fosse uma revelação partindo de alguma divindade da Idade do Bronze. Pouco tempo depois tive em aula de teoria política uma citação de Bauman partindo do professor que ministrava a disciplina, no entanto, ao citar o nome de Bauman o mesmo fez uma feição na qual aparentava segurar risada, provavelmente ele também não levava Bauman à sério. Não devo negar que todas as vezes que vejo o sociólogo sendo citado em alguma nota no X, no Instagram ou qualquer outra rede social, tal como fosse um referencial teórico bom, sinto uma vergonha alheia pois alí tenho uma impressão de que a pessoa não leu Bauman e usa o referencial teórico como um fato já assim provado e comprovado.

Há pontos positivos na teoria baumaniana, como a capacidade de perceber o problema e correlacioná-lo à modernidade, assim como sucitar a influência do que há de material no fenômeno, porém os erros são pertinentes: o primeiro problema é de categoria. Não há, por parte de Bauman noção alguma entre as dissociações dos amores, não há atenção sobre o amor como estrutura ou ele como um sentimento, todo ele é compreendido uniformemente como "amor", partindo do pressuposto que todas as relações, todas elas, são firmadas com base no amor. Essa crença tem uma origem: Hegel. Nos Escritos Teológicos Hegel partia da crença que o amor ligava os seres relacionalmente como uma força de superação e alienação, mas há de compreendermos que esse Friedrich Hegel é o jovem ainda pouco maduro em suas ideias e seu sistema de pensamento, mais a frente, em "Fenomenologia do Espírito e na Filosofia do Direito", Hegel compreende a institucionalidade do direito no amor e a institucionalização dessa força, assim aproxima-se da realidade a respeito da inserção do amor nas esferas práticas do humano, porém essa ideia, apesar de imperfeita, pois ao que sabemos não é o amor que consolida a relação, mas sim a Verdade (Alétheia), conforme apontado por Heidegger em "Ser e Tempo", essa ideia do amor como a fundamento das relações humanas influenciou, e até hoje influencia, qualquer análise sobre as relações humanas fora da esfera materialista, fora dessa pois, melhormente explicado em exemplo, os marxistas (em exemplo), assim como Marx, consideram como base primordial das relações as condições materiais.

Por certo, não é de todo amor a base para a solidificação, ora, erram aqueles que creem que somente essa força, assim apontada por Hegel, constituiam todos os relacionamentos formais como pilares fundamentais, pois em prática as famílias eram até a fiduciarização dessas, por mais paradoxal que seja, compreendidas melhor como instituições orgânicas de caráter legal do que conluios de afetividades. A família outrora tinha consigo aparelhos de hierarquia bem estabelicidos, quais prezavam pela ordem interna e externa, que acima dessa instituição estava somente a Igreja (outra instituição), com sua fiduciarização [da família] após o movimento tomado pelos Estados nacionais em aplicação do casamento civil mudou-se a lógica das partes que a compõe, findou-se o princípio da subsidiariedade (não intervenção de determinadas instituições nas decisões quais podem ser exercidas em resuluções de problemas nas competências de quaisquer instituições), foi-se então, contudo, também a autoridade, e nisso revela-se um outro problema não apontado na teoria de Bauman: qual o padrão do amor "sólido"? Pois, ora, sociedades tradicionais não abdicavam do relevar dos amores para tornar seus filhos em ativos nas práticas de trocas (dádivas)? É notório que esse padrão se dissocia do padrão de sentimento apontado por Bauman, encontramos esse fato em estudo nos trabalhos "Ensaio Sobre a Dádiva", do Marcel Mauss, e "As Estruturas Elementares do Parentesco", do Claude Levi-Strauss, quais expõem que nas sociedades "sólidas", tradicionais, relevava-se mais questões institucionais que as sentimentais para a formação de laços (teoria da aliança). Muitas das relações passadas não eram baseadas no amor, não significando assim que as de hoje, em oposição, sejam, mas que permanecem-se semelhantes em base, diferentemente em grau e forma.

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Ora, ainda existem casamentos motivados pela política, pelo status, pelo prestígio, pelos bens, pelo poder, pela influência familiar e assim sucetivamente, tal como no passado, ocorre que essa prática tornou-se oculta, não mais explícita e aparente, devo dizer ainda que em partes, pois prepondera em nosso tempo uma epidemia de adultérios, fornicações, práticas lascivas e demais práticas libertinosas explicitamente, em contraposição às práticas ocultas em vergonhas de sociedades sem declínio moral e espiritual, o que nos leva a questionar o método comparativo em dicotomia temporal "presente x passado" aplicado por Bauman, no qual segue-se da seguinte forma:

                     Transformação
Passado = *sólido* | Presente = *líquido*

Categorias
Padrão de amor: tradicional (*sólido*)
                            moderno (*líquido*)

*Sólido* = estável, prazo (médio-grande), profundo, determinado.
*Líquido* = instável, prazo (curto-médio), raso, indeterminado.

O que penso é: Zygmunt Bauman buscou uma explicação material e laical para desviar ao fato de que há uma notória correlação entre espiritualização da sociedade, se voltada à Verdade, com a estabilidade das instituições, o que é já reduzido à moral religiosa, somente, não à mística, como por pensadores da linha de Tocqueville, ou em abordagens também mais laical (positivista) porém ainda relevantes, como Émile Durkheim em "As Formas Elementares da Vida Religiosa" e Max Weber em "A Ética Protestante e o Espírito do Capitalismo", contrapondo uma abordage mais voltada, de fato, a espiritualidade, como Christopher Dawnson, que defende essa teoria em "Religião e o Surgimento da Cultura Ocidental", e Eric Voegelin, principalmente nas obras "A Nova Ciência da Política" e "Ordem e História".

Encerrrando, minha cosmovisão é a católica, o sistema de crença e religião qual sigo é do Deus que se fez homem por amor aos seus filhos, não posso negar ou mesmo omitir o fato de que, por trás de toda a minha crítica estão meus pensamentos e minhas convicções alinhadas àquilo que mais tenho amor em toda minha vida: a Verdade, e a Verdade é Deus, pois Cristo é a Verdade, o Caminho e a Vida, ninguém vai ao Pai se não por Ele, e pois bem, seria incoerência de minha parte não relevar o fato de crença como um dos motivos pelos quais eu rejeito a teoria do amor líquido de Zygmunt Bauman, pois os amores são todos eles praticados por formas, existem por diferentes formas e assim são desde sua tradicionalidade até o predomínio das distorções de declínio espiritual das eras presentes (e também antigas pré-Era Axial), estão esses preservados pelo alinhamento à verdade, assim são indistorcíveis, imutáveis, ou seja, amor é amor, não releva-se o falso amor como um, simplesmente não o é, assim o interesse, a sanha por bens, o egoísmo e a egolatria ("cupiditas", para Santo Agostinho de Hipona, em oposição ao que o santo e filósofo trata por "caritas") não são formas do amor, são autoenganos, não bons, se não são bons logo não são de Deus, ora, se Deus é amor, se ele nos ama, determino como amor (e suas formas) o que está de acordo com a Verdade. Aprofundando, a Teologia do Corpo, do Papa São João Paulo II, rejeita a "liquidez" apresentada por Bauman, pois o amor é, em suma, sacríficio, parte da entrega total de si ao próximo, e se não há logo não é amor. A Teologia do Corpo rejeita não os fundamentos de mentira no "líquido", mas também no "sólido", pois a tradicionalidade não é sinônimo de bom e pleno acordo com o amor que Deus pede de nós, não são as coerções, as violências, as imposições e demais vontades em oposição às de Deus que determinam os amores -- fatos em oposição ao ideário romanticizado. Claro, nem todas as coerções são por si inválidas do amor, ou mesmo as escolhas em trocas racionalizadas, a exemplo do autruísmo em vista da chance da família ter êxito e sucesso, ou seja, pelo bem dos próximos haver a necessidade de submissão a, em exemplo, um casamento forjado, ou algo do gênero, reconhece-se o amor no ato se feito por bem da família, porém o amor incutido, nesse caso, explicita o caráter sacrificial, no qual uma vontade e um amor genuinamente potencial em prazeres e alegrias são anulados, ou seja, mesmo nesse modelo tradicional na "solidez" há possibilidade do amor, não nas formas romanticizadas em critérios, como "estabilidade" e "durabilidade", mas no caráter do sacríficio exercido. Conforme nos ensina São Tomás de Aquino, o amor não é uma "força", tal como ensina Hegel, mas sim uma virtude teologal conforme na "Suma Teológica" (II-II Q. 26-28), não devemos reduzir o amor e os amores em análises simplórias (não simples) de falsa complexidade extraídas em métodos questionáveis e pouco competentes à real diensão de crise espiritual das eras, por esse motivo não concordo com a teoria do amor líquido de Zygmunt Bauman.

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The new website is finally live! I put in a lot of hard work over the past months on it. I'm proud to say that it's out now and it looks pretty cool, at least to me!

Why rewrite it all?

The old kycnot.me site was built using Python with Flask about two years ago. Since then, I've gained a lot more experience with Golang and coding in general. Trying to update that old codebase, which had a lot of design flaws, would have been a bad idea. It would have been like building on an unstable foundation.

That's why I made the decision to rewrite the entire application. Initially, I chose to use SvelteKit with JavaScript. I did manage to create a stable site that looked similar to the new one, but it required Jav aScript to work. As I kept coding, I started feeling like I was repeating "the Python mistake". I was writing the app in a language I wasn't very familiar with (just like when I was learning Python at that mom ent), and I wasn't happy with the code. It felt like spaghetti code all the time.

So, I made a complete U-turn and started over, this time using Golang. While I'm not as proficient in Golang as I am in Python now, I find it to be a very enjoyable language to code with. Most aof my recent pr ojects have been written in Golang, and I'm getting the hang of it. I tried to make the best decisions I could and structure the code as well as possible. Of course, there's still room for improvement, which I'll address in future updates.

Now I have a more maintainable website that can scale much better. It uses a real database instead of a JSON file like the old site, and I can add many more features. Since I chose to go with Golang, I mad e the "tradeoff" of not using JavaScript at all, so all the rendering load falls on the server. But I believe it's a tradeoff that's worth it.

What's new

• UI/UX - I've designed a new logo and color palette for kycnot.me. I think it looks pretty cool and cypherpunk. I am not a graphic designer, but I think I did a decent work and I put a lot of thinking on it to make it pleasant!
• Point system - The new point system provides more detailed information about the listings, and can be expanded to cover additional features across all services. Anyone can request a new point!
• ToS Scrapper: I've implemented a powerful automated terms-of-service scrapper that collects all the ToS pages from the listings. It saves you from the hassle of reading the ToS by listing the lines that are suspiciously related to KYC/AML practices. This is still in development and it will improve for sure, but it works pretty fine right now!
• Search bar - The new search bar allows you to easily filter services. It performs a full-text search on the Title, Description, Category, and Tags of all the services. Looking for VPN services? Just search for "vpn"!
• Transparency - To be more transparent, all discussions about services now take place publicly on GitLab. I won't be answering any e-mails (an auto-reply will prompt to write to the corresponding Gitlab issue). This ensures that all service-related matters are publicly accessible and recorded. Additionally, there's a real-time audits page that displays database changes.
• Listing Requests - I have upgraded the request system. The new form allows you to directly request services or points without any extra steps. In the future, I plan to enable requests for specific changes to parts of the website.
• Lightweight and fast - The new site is lighter and faster than its predecessor!
• Tor and I2P - At last! kycnot.me is now officially on Tor and I2P!

How?

This rewrite has been a labor of love, in the end, I've been working on this for more than 3 months now. I don't have a team, so I work by myself on my free time, but I find great joy in helping people on their private journey with cryptocurrencies. Making it easier for individuals to use cryptocurrencies without KYC is a goal I am proud of!

If you appreciate my work, you can support me through the methods listed here. Alternatively, feel free to send me an email with a kind message!

Technical details

All the code is written in Golang, the website makes use of the chi router for the routing part. I also make use of BigCache for caching database requests. There is 0 JavaScript, so all the rendering load falls on the server, this means it needed to be efficient enough to not drawn with a few users since the old site was reporting about 2M requests per month on average (note that this are not unique users).

The database is running with mariadb, using gorm as the ORM. This is more than enough for this project. I started working with an sqlite database, but I ended up migrating to mariadb since it works better with JSON.

The scraper is using chromedp combined with a series of keywords, regex and other logic. It runs every 24h and scraps all the services. You can find the scraper code here.

The frontend is written using Golang Templates for the HTML, and TailwindCSS plus DaisyUI for the CSS classes framework. I also use some plain CSS, but it's minimal.

The requests forms is the only part of the project that requires JavaScript to be enabled. It is needed for parsing some from fields that are a bit complex and for the "captcha", which is a simple Proof of Work that runs on your browser, destinated to avoid spam. For this, I use mCaptcha.

@ 162b4b08:9f7d278c

Trong thời đại mà công nghệ số trở thành trụ cột không thể thiếu trong mọi lĩnh vực, từ công việc đến giải trí, việc sở hữu một nền tảng số toàn diện như PUM88 đóng vai trò vô cùng quan trọng đối với người dùng hiện đại. Không chỉ là nơi cung cấp các công cụ tiện ích, PUM88 còn tạo nên một hệ sinh thái linh hoạt, đáp ứng mọi nhu cầu trong một môi trường trực tuyến đầy năng động. Từ những bước đầu như đăng ký, đăng nhập, cho đến trải nghiệm thực tế, tất cả đều được tối ưu nhằm mang lại sự thuận tiện tối đa. Giao diện thiết kế thông minh, bố cục rõ ràng, thao tác nhanh gọn giúp người dùng dễ dàng tiếp cận và sử dụng mà không cần kiến thức kỹ thuật chuyên sâu. Bên cạnh đó, hệ thống xử lý tốc độ cao và khả năng tương thích đa nền tảng (từ smartphone đến laptop) giúp người dùng duy trì kết nối mọi lúc mọi nơi, không bị giới hạn bởi thiết bị hay không gian sử dụng. Không dừng lại ở đó, PUM88 còn liên tục nâng cấp công nghệ như tích hợp trí tuệ nhân tạo để gợi ý nội dung cá nhân hóa theo hành vi và sở thích, giúp mỗi trải nghiệm trở nên sống động, gần gũi và mang tính cá nhân cao hơn bao giờ hết. Đây chính là điểm cộng lớn giúp PUM88 tạo nên dấu ấn trong lòng người dùng yêu thích sự tiện lợi và linh hoạt trong đời sống số.

Ngoài ra, yếu tố khiến PUM88 trở nên đáng tin cậy chính là khả năng bảo mật vượt trội và chính sách hỗ trợ khách hàng tận tâm. Dữ liệu cá nhân và các hoạt động của người dùng luôn được bảo vệ nghiêm ngặt bằng các chuẩn mã hóa quốc tế, hệ thống tường lửa, xác thực hai lớp và giám sát bảo mật liên tục. Nhờ vậy, người dùng hoàn toàn yên tâm khi sử dụng mà không lo bị lộ thông tin hay rò rỉ dữ liệu. Thêm vào đó, đội ngũ chăm sóc khách hàng hoạt động 24/7 với thái độ chuyên nghiệp và phản hồi nhanh chóng giúp giải quyết mọi thắc mắc hoặc sự cố kỹ thuật một cách hiệu quả. Không những thế, PUM88 còn thường xuyên lắng nghe ý kiến người dùng để cải tiến giao diện, bổ sung tính năng mới, đảm bảo rằng nền tảng luôn bắt kịp xu hướng công nghệ và đáp ứng đúng nhu cầu thực tế. Việc cập nhật liên tục không chỉ giúp người dùng có được trải nghiệm mượt mà hơn mà còn giữ cho nền tảng luôn mới mẻ, sáng tạo và không ngừng phát triển. Trong bối cảnh chuyển đổi số đang diễn ra mạnh mẽ tại Việt Nam, PUM88 không chỉ đơn thuần là một ứng dụng tiện ích mà còn là một trợ thủ đắc lực cho cuộc sống hiện đại – nơi mà người dùng có thể tận dụng công nghệ để nâng cao hiệu suất cá nhân, tối ưu hóa thời gian và tận hưởng trải nghiệm số trọn vẹn nhất mỗi ngày.

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Know Your Customer is a regulation that requires companies of all sizes to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. Such procedures fit within the broader scope of anti-money laundering (AML) and counterterrorism financing (CTF) regulations.

Banks, exchanges, online business, mail providers, domain registrars... Everyone wants to know who you are before you can even opt for their service. Your personal information is flowing around the internet in the hands of "god-knows-who" and secured by "trust-me-bro military-grade encryption". Once your account is linked to your personal (and verified) identity, tracking you is just as easy as keeping logs on all these platforms.

Rights for Illusions

KYC processes aim to combat terrorist financing, money laundering, and other illicit activities. On the surface, KYC seems like a commendable initiative. I mean, who wouldn't want to halt terrorists and criminals in their tracks?

The logic behind KYC is: "If we mandate every financial service provider to identify their users, it becomes easier to pinpoint and apprehend the malicious actors."

However, terrorists and criminals are not precisely lining up to be identified. They're crafty. They may adopt false identities or find alternative strategies to continue their operations. Far from being outwitted, many times they're several steps ahead of regulations. Realistically, KYC might deter a small fraction – let's say about 1% ^1 – of these malefactors. Yet, the cost? All of us are saddled with the inconvenient process of identification just to use a service.

Under the rhetoric of "ensuring our safety", governments and institutions enact regulations that seem more out of a dystopian novel, gradually taking away our right to privacy.

To illustrate, consider a city where the mayor has rolled out facial recognition cameras in every nook and cranny. A band of criminals, intent on robbing a local store, rolls in with a stolen car, their faces obscured by masks and their bodies cloaked in all-black clothes. Once they've committed the crime and exited the city's boundaries, they switch vehicles and clothes out of the cameras' watchful eyes. The high-tech surveillance? It didn’t manage to identify or trace them. Yet, for every law-abiding citizen who merely wants to drive through the city or do some shopping, their movements and identities are constantly logged. The irony? This invasive tracking impacts all of us, just to catch the 1% ^1 of less-than-careful criminals.

KYC? Not you.

KYC creates barriers to participation in normal economic activity, to supposedly stop criminals. ^2

KYC puts barriers between many users and businesses. One of these comes from the fact that the process often requires multiple forms of identification, proof of address, and sometimes even financial records. For individuals in areas with poor record-keeping, non-recognized legal documents, or those who are unbanked, homeless or transient, obtaining these documents can be challenging, if not impossible.

For people who are not skilled with technology or just don't have access to it, there's also a barrier since KYC procedures are mostly online, leaving them inadvertently excluded.

Another barrier goes for the casual or one-time user, where they might not see the value in undergoing a rigorous KYC process, and these requirements can deter them from using the service altogether.

It also wipes some businesses out of the equation, since for smaller businesses, the costs associated with complying with KYC norms—from the actual process of gathering and submitting documents to potential delays in operations—can be prohibitive in economical and/or technical terms.

You're not welcome

Imagine a swanky new club in town with a strict "members only" sign. You hear the music, you see the lights, and you want in. You step up, ready to join, but suddenly there's a long list of criteria you must meet. After some time, you are finally checking all the boxes. But then the club rejects your membership with no clear reason why. You just weren't accepted. Frustrating, right?

This club scenario isn't too different from the fact that KYC is being used by many businesses as a convenient gatekeeping tool. A perfect excuse based on a "legal" procedure they are obliged to.

Even some exchanges may randomly use this to freeze and block funds from users, claiming these were "flagged" by a cryptic system that inspects the transactions. You are left hostage to their arbitrary decision to let you successfully pass the KYC procedure. If you choose to sidestep their invasive process, they might just hold onto your funds indefinitely.

Your identity has been stolen

KYC data has been found to be for sale on many dark net markets^3. Exchanges may have leaks or hacks, and such leaks contain very sensitive data. We're talking about the full monty: passport or ID scans, proof of address, and even those awkward selfies where you're holding up your ID next to your face. All this data is being left to the mercy of the (mostly) "trust-me-bro" security systems of such companies. Quite scary, isn't it?

As cheap as $10 for 100 documents, with discounts applying for those who buy in bulk, the personal identities of innocent users who passed KYC procedures are for sale. ^3

In short, if you have ever passed the KYC/AML process of a crypto exchange, your privacy is at risk of being compromised, or it might even have already been compromised.

(they) Know Your Coins

You may already know that Bitcoin and most cryptocurrencies have a transparent public blockchain, meaning that all data is shown unencrypted for everyone to see and recorded forever. If you link an address you own to your identity through KYC, for example, by sending an amount from a KYC exchange to it, your Bitcoin is no longer pseudonymous and can then be traced.

If, for instance, you send Bitcoin from such an identified address to another KYC'ed address (say, from a friend), everyone having access to that address-identity link information (exchanges, governments, hackers, etc.) will be able to associate that transaction and know who you are transacting with.

Conclusions

To sum up, KYC does not protect individuals; rather, it's a threat to our privacy, freedom, security and integrity. Sensible information flowing through the internet is thrown into chaos by dubious security measures. It puts borders between many potential customers and businesses, and it helps governments and companies track innocent users. That's the chaos KYC has stirred.

The criminals are using stolen identities from companies that gathered them thanks to these very same regulations that were supposed to combat them. Criminals always know how to circumvent such regulations. In the end, normal people are the most affected by these policies.

The threat that KYC poses to individuals in terms of privacy, security and freedom is not to be neglected. And if we don’t start challenging these systems and questioning their efficacy, we are just one step closer to the dystopian future that is now foreseeable.

Edited 20/03/2024 * Add reference to the 1% statement on Rights for Illusions section to an article where Chainalysis found that only 0.34% of the transaction volume with cryptocurrencies in 2023 was attributable to criminal activity ^1

@ 5fbec235:ff265c2a

Safety as a Community Creation

I quickly learned that Japan is known for being one of the safest countries in the world—yes, I didn't even realize that until I arrived there. But understanding safety as a statistic is different from witnessing it as a lived reality.

One of the most striking signals of this safety was watching first graders take themselves to school on public transportation in Tokyo. These tiny humans, navigating one of the world's largest cities completely independently. In contrast, my Chicago suburban hometown requires parents to wait at the bus stop for children of that same age, even if their house is just across the street.

I witnessed nearly everyone glued to their phones while out in public. Literally dozens of heads planted facedown into their palms while crossing major intersections. While that's not a trait I admire, it reflects the absolute safety every citizen must feel to be able to walk around like that. Similarly, Tokyo is definitely the place where you can show off designer fashion trends if you can afford to do so. While the style is far more modest and homogenous than here in the USA, expensive fashion statements are still blatantly made in the many high-trafficked districts of the mega city.

The contrast hit me viscerally when I remembered my friend's experience in São Paulo a few years ago. During a short three-mile run, while he was checking Google Maps, he was nearly mugged by a thief on a motorbike. The difference was unmistakable. Take heed of all warnings to not use a smart phone in the streets of Sào Paulo. Tokyo however - accidentally leave your phone at the Izakaya? Don't be surprised if it is personally returned to you by the owner of the Izakaya with a note thanking you once again for your earlier patronage.

Community M and the Dissolution of Transactional Relationships

While in Japan, I was invited to spend the weekend in an exclusive, members-only community nestled along a river flowing down from the mountains—remarkably, all still within Tokyo Prefecture. It felt like a hidden gem: only 5% of the prefecture consists of this kind of natural landscape, and I never would have discovered it without that special invitation.

There, I participated in a unique Bonsai class led by a woman who has been cultivating Bonsai her entire career. I also shared meals, nature walks, and sauna sessions with other community members. It was an eventful weekend, meeting and integrating with an entirely unique culture. The weekend felt truly memorable, special, everlasting—essentially boiled down to a priceless experience.

It's an experience I will remember and appreciate more than the time I've spent in several corporate luxury hotels. Don't get me wrong, corporate luxury hotels are very nice. Their amenities are much more comfortable than anything Community M could offer me. They feel safe, and they make me feel just a little bit entitled—in the sense that "I'm spending A LOT of money with the company that keeps you employed... so are you working for me to the maximum of our mutual expectations?" That's certainly okay. The hotel is offering a service and I am paying for it. Ultimately, it is indeed a mutually valuable transaction everyone is happy with.

But that time spent with Community M was something different. The amount of money I could have spent with them didn't matter. Friendships were formed over shared interests and probably genuine interest and curiosity in each other's cultures. Those values get washed away when the power dynamic shifts too much toward a monetary transaction—service in exchange for cash.

This experience crystallized something I'd been feeling but couldn't articulate: the difference between being served and being welcomed. In transactional relationships, your value is determined by your purchasing power. In genuine community, your value comes from your participation, your curiosity, your willingness to share and receive.

What Online Communities Could Become

What should online communities of the future look like? I think an amazing community could pull some of the best traits of American and Japanese culture. Reliance on oneself and personal responsibility is incredibly important. But as communities grow, it becomes so much harder to exercise personal interests without feeling like I'm "barging in" or something. I've never felt compelled to become the center of attention. What gets me excited is seeing people come together and being their best selves naturally and organically around one another, without any single person being too much "the center."

The way I see a lot of online communities advertised today is less desirable to me. It often looks like there's an influencer selling something and inviting all their followers to join "the community." This replicates the same extractive, transactional dynamics I experienced in luxury hotels, just digitally.

I left Japan with a sense of respect for what's possible when people come together under a shared understanding of a few basic human principles. The most obvious one being a sense of shared responsibility to look out for one another, thereby providing safety for all—a large, functional neighborhood watch, so to say. In Japan, I got the sense that the means to provide general well-being through shared responsibility is far greater than the more exclusive reliance on oneself and distrust of others that often appears in large American cities.

The Internet as Unsafe Territory

When thinking of safety and shared responsibility, the internet today is more like New York City than Tokyo. It's not safe for children, and outsourcing our own responsibility for maintaining safety to centralized, profit-seeking organizations makes no sense. These platforms have the undisputed goal of extracting value from the very communities they attempt to serve.

Current online communities are built backwards. Instead of communities creating tools for themselves, external platforms create tools to extract value from communities. The power dynamic is fundamentally extractive rather than generative.

Communities Building for Themselves

Eve will allow us to build intranets that are safer than anything YouTube, Facebook, TikTok, or any other platform could ever provide because they'll be built by communities, not for-profit organizations seeking to extract value. All applications will be open source, therefore all algorithms will be open source, thereby empowering everyone to exercise their shared responsibilities for maintaining safe, prosperous communities.

Communities will be enabled to create applications that deliver unique experiences specific to their rules and guidelines. Compare it to my Bonsai class. Someday there may be a Japan-oriented community where Bonsai masterclasses and other Bonsai-related services and products are offered. Communities won't be as dependent on platforms. Because of the open-source standard, more tradespeople will be enabled to quickly build whatever the community deems necessary. Communities will be in full control and not reliant on any one platform, nor any one person to maintain the community.

What I experienced in that members-only community by the river was a space where relationships form around shared interests and genuine curiosity - where the community itself determines its needs and builds its tools, where safety emerges from collective responsibility rather than external enforcement. In our digital age of abundance - I see a very real future where communities are enabled to free themselves from irrelevant distractions and build what they need to achieve both individual and collective prosperity.

@ 611021ea:089a7d0f

Imagine a world where your favorite health and fitness apps—diet trackers, meditation tools, cardio and strength training platforms, even therapy apps—can all work together seamlessly. Not because they're owned by the same company, but because they speak a common, open language. That's the future NIP-101h is building on Nostr.

A Modular, Privacy-First Health Data Framework

NIP-101h defines a modular, privacy-first framework for sharing granular health and fitness metrics on the decentralized Nostr protocol. The core idea is simple but powerful: every health metric (weight, steps, calories, mood, and so on) gets its own unique Nostr event kind. Apps can implement only the metrics they care about, and users can choose exactly what to share, with whom, and how.

This modular approach means true interoperability. A meditation app can log mindfulness sessions, a running app can record your daily mileage, and a diet tracker can keep tabs on your nutrition—all using the same underlying standard. Each app remains independent, but your data becomes portable, composable, and, most importantly, under your control.

Why NIP-101h Matters

Interoperability

Today's health and fitness apps are walled gardens. Data is locked away in proprietary formats, making it hard to move, analyze, or combine. NIP-101h breaks down these barriers by providing a common, open standard for health metrics on Nostr. Apps can collaborate, users can migrate, and new services can emerge—without permission or lock-in.

User Control & Privacy

Health data is deeply personal. That's why NIP-101h is privacy-first: all metric values are encrypted by default using NIP-44, unless the user explicitly opts out. You decide what's public, what's private, and who gets access. Even if you want to keep everything local, that's supported too.

Extensibility

The world of health and fitness is always evolving. NIP-101h is designed to grow with it. New metrics can be added at any time via the

@ 7f6db517:a4931eda

What is KYC/AML?

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

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

Lists of Bitcoiners

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

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

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

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

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

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• 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.

Announcement
GitHub Repo
Protocol Spec

@ dfa02707:41ca50e3

Contribute 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.

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ 7f6db517:a4931eda

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

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

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

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

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

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@ 7f6db517:a4931eda

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

— ODELL (@ODELL) December 14, 2022

Good morning.

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

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

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

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

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@ cae03c48:2a7d6671

Bitcoin Magazine

Panama City Mayor Mizrachi: “Bitcoin Is Not Just Safe, It’s Prosperous”

At the 2025 Bitcoin Conference in Las Vegas, the Director of Bitcoin Beach Mike Peterson, the Presidential Advisors of Building Bitcoin Country El Salvador Max & Stacy and the Mayor City of Panama Mayer Mizrachi discussed Bitcoins future in Panama.

At the beginning of the panel, Is Panama Next? El Salvador Leading The Region For Bitcoin Adoption, Mayor Mizrachi started by mentioning, “We accept Bitcoin. The city gets paid in Bitcoin, but it receives in dollars through an intermediary processing, payments processor. Bitcoin is not just safe. It’s prosperous.”

Max commented about the scammers in crypto and how El Salvador is managing it.

“We did a couple of things early on, one was to create The Bitcoin Office which will be directly reporting to the President, and then also we passed a law which will say bitcoin is money and everything else is an unregistered security,” said Max.

Mike Peterson stated, “the access of Bitcoin in Central America to do battle against the globalists that have always looked at the regionist back yard. This is intolerable and this is going to change right now.” After Mizrachi commented, “Imagine yourself in an economic block powered by El Salvador, supported by Panama and the rest will come.”

Stacy reminded everybody about El Salvador’s School system. 

“El Salvador is the first country in the world to have a comprehensive public school financial literacy education program from 7 years old,” mentioned Stacy. “These are little kids, learning financial literacy.”

Max ended the panel by saying, “the US game theory right? Because the US wants to buy a lot of Bitcoin, so if Panama wants to buy a lot of bitcoin then it helps everybody in the US. This is the beautiful expression of game theory perfectly aligned in the protocol that is changing the world that we live in. And on the street level what bitcoin does to the population is to go from a spending mentality to a saving mentality.”

You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 3 below:

This post Panama City Mayor Mizrachi: “Bitcoin Is Not Just Safe, It’s Prosperous” first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 7f6db517:a4931eda

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

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

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

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

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

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

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@ cae03c48:2a7d6671

Bitcoin Magazine

The Debt Train Has No Brakes: Lyn Alden Makes the Case for BTC at Bitcoin 2025

“Nothing stops this train,” Lyn Alden initially stated at Bitcoin 2025, walking the audience through a data-rich presentation that made one thing clear: the U.S. fiscal system is out of control—and Bitcoin is more necessary than ever. 

Her first chart, sourced from the Federal Reserve’s FRED database, displayed a stark decoupling: the unemployment rate is down, yet the fiscal deficit has surged past 7% of GDP. “This started around 2017, went into overdrive during the pandemic, and hasn’t corrected,” Alden said. “That’s not normal. We’re in a new era.” 

She didn’t mince words. “Nothing stops this train because there are no brakes attached to it anymore. The brakes are heavily impaired.

Why should Bitcoiners care? Because, as Alden explained, “it matters for asset prices—especially anything scarce.” She displayed a gold vs. real rates chart that showed gold soaring as real interest rates plunged. “Five years ago, most would have said Bitcoin couldn’t thrive in a high-rate environment. Yet here we are—Bitcoin over $100K, gold at new highs, and banks breaking under pressure.”

Next came what she called “The Turning Point”—a side-by-side showing how public debt growth overtook private sector debt post-2008, flipping a decades-long norm. “This is inflationary, persistent, and it means the Fed can’t slow things down anymore.” 

Another chart revealed why rising interest rates are now accelerating the deficit. “They’ve lost their brakes. Raising rates just makes the federal interest bill explode faster than it slows bank lending.”

Alden called it a ponzi: “The system is built on constant growth. Like a shark, it dies if it stops swimming.”

Her slide showed a relentless rise in total debt versus base money—except for a jolt in 2008, and again after 2020. “This isn’t going backward. Ever.” 

So why Bitcoin? “Because it’s the opposite. Scarce, decentralized, and mathematically capped,” Alden concluded. “There are two reasons nothing stops this train: math and human nature. Bitcoin is the mirror of this system—and the best protection from it.” 

You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 3 below:

This post The Debt Train Has No Brakes: Lyn Alden Makes the Case for BTC at Bitcoin 2025 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ dfa02707:41ca50e3

Contribute 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 to sparrowwallet and sparrowserver 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 to sparrowwallet or sparrowserver, and in some cases you may need to manually uninstall the original sparrow 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

Announcement / Archive
GitHub Repo

@ dfa02707:41ca50e3

News

• 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

@ 9ca447d2:fbf5a36d

Trump 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.

@ cae03c48:2a7d6671

Bitcoin Magazine

Michael Saylor Presents The 21 Ways to Wealth at Bitcoin 2025

Michael Saylor, Executive Chairman of Strategy, took the stage at Bitcoin 2025 delivering a keynote titled “21 Ways to Wealth.” He stated: “This speech is for you. I’ve traveled the world and told countries, institutional investors, and even the disembodied spirits of our children’s children why they need Bitcoin. This is for every individual, every family, every small business. It’s for everybody.”  

He began with clarity. “The first way to wealth is clarity,” he said. “Clarity comes the moment you realize Bitcoin is capital—perfected capital, programmable capital, incorruptible capital.” For Saylor, every thoughtful individual on Earth will ultimately seek such pristine capital, and every AI system will prefer it as well. 

The second path is conviction. Bitcoin, he said, will appreciate faster than every other asset, because it’s engineered for performance. “It’s going to grow faster than real estate or collectibles. It is the most efficient store of value in human history.”

The third way is courage. “If you’re going to get rich on Bitcoin, you need courage,” he warned. “Wealth favors those who embrace intelligent monetary risk. Some people will get left behind. Others will juggle it. But the bold will feed the fire—sell your bonds, buy Bitcoin. An extraordinary explosion of value is coming.”

Fourth comes cooperation. “You are more powerful if you have the full support of your family. Your children have time and potential. The secret is transferring capital into their hands. Families that move in unity are unstoppable.”

The fifth is capability. “Master AI,” he said. “In 2025, everything you can imagine is at your fingertips—wisdom, analysis, creativity. Ask AI, argue with it, use it. You can become a super genius. Don’t put your ego first—put your interests first. Your family will thank you.”

Saylor’s sixth way to wealth is composition: construct legal entities that scale your strategy and protect your assets. “Ask the AI and figure it out. You can work hard, or you can work smart. This year, everyone should be operating like the most sophisticated millionaire family office.”

The seventh is citizenship. Choose your economic nexus carefully—“domicile where sovereignty respects your freedom,” he said. “This isn’t just about this year—it’s about this century.”

Eighth is civility. “Respect the natural power structures of the world. Respect the force of nature,” he explained. “If you want to generate wealth in the Bitcoin universe, don’t fight unnecessarily. Find common ground. Inflation and distraction are your enemies.”

Ninth is corporation. “A well-structured corporation is the most powerful wealth engine on Earth. Families are powerful. Partnerships are even more powerful. But corporations can scale globally. What is your vehicle? What is your path?”

The tenth way is focus. “Just because you can do a thing doesn’t mean you should,” he warned. “If you invest in Bitcoin, there’s a 90% chance it will succeed over five years. Don’t confuse ambition with accomplishment. Come up with a strategy—and stick to it.”

The eleventh is equity. “Share your opportunities with investors who will share your risk,” he said, pointing to MicroStrategy’s own rise from $10 million to a $5 billion market cap by aligning with equity partners who believed in the Bitcoin mission.

The twelfth is credit. “There are people in the world who are afraid of the future—they want small yield, certainty. Offer that. Give creditors security in return for capital. Convert their fear into fuel and turn risk into yield by investing in Bitcoin.”

The thirteenth is compliance. “Create the best company you can within the rules of your market. Learn the rules of the road. If you know them, you can drive faster. You can scale legally and sustainably.”

The fourteenth way is capitalization. “Velocity compounds wealth,” Saylor said. “Raise and reinvest capital as fast and as often as you can. The faster your money moves into productive Bitcoin strategies, the more it multiplies.”

Fifteenth is communication. “Speak with candor. Act with transparency. And repeat your message often,” he urged. “Creating wealth with Bitcoin is simple—but only if people understand what you’re doing and why you’re doing it.”

Sixteenth is commitment. “Don’t allow yourself to be distracted,” he said. “Don’t chase your own ideas. Don’t feed the trolls. Stay committed to Bitcoin. It’s the greatest idea in the world. The world probably doesn’t care what you think—but it will care when you win.”

The Seventeenth way is competence. “You’re not competing with noise—you’re competing with someone who is laser-focused, who executes flawlessly,” he said. “You must deliver consistent, precise, and reliable performance. That’s how you win.”

The Eighteenth is adaptation. “Circumstances change. Every structure you trust today will eventually fail. A wise person is prepared to abandon their baggage and adjust plans when needed. Rigidity is ruin.”

Nineteenth is evolution. “Build on your core strengths. You don’t need to start over—you need to level up. Leverage what you already do best, and expand it through Bitcoin and advanced technologies.”

Twentieth is advocacy. “Inspire others to walk the Bitcoin path,” he said. “Become an evangelist for economic freedom. Show others what this revolution really means. Show them the way.”

Finally, the twenty-first way is generosity. “When you’re successful—and you will be successful—spread happiness. Share security. Deliver hope. That light inside you will shine. And others will be drawn to it.” 

As he ended, Saylor smiled and quoted the very origin of it all: 

“It might make sense to get some, in case it catches on.” – Satoshi.

In Michael Saylor’s worldview, Bitcoin is not a get-rich-quick scheme—it’s the ultimate long-term play. It is the foundation of generational wealth, the engine of personal and institutional freedom, and the tool for those bold enough to lead humanity into a more sovereign, secure future. 

You can watch the full panel discussion and the rest of the Bitcoin 2025 Conference Day 3 below: 

This post Michael Saylor Presents The 21 Ways to Wealth at Bitcoin 2025 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ cae03c48:2a7d6671

Bitcoin Magazine

Jack Mallers Announced A New System of Bitcoin Backed Loans at Strike

The Founder and CEO of Strike, Jack Mallers, at the 2025 Bitcoin Conference in Las Vegas, announced a new system of Bitcoin backed loans at Strike with one digit interest rate.

Jack Mallers began his keynote by pointing at the biggest problem. Fiat currency. 

“The best time to go to Whole Foods and buy eggs with your dollars was 1913,” said Mallers. “Every other time after, you are getting screwed.”

What’s the solution?

“The solution is Bitcoin,” stated Mallers. “Bitcoin is the money that we coincide that nobody can print. You can’t print, you can’t debase my time and energy, you cannot deprive me of owning assets, of getting out of debt, of living sovereignly and protecting my future, my family, my priced possessions. Bitcoin is what we invented to do that.”

Mallers gave a power message to the audience by explaining that people should HODL every dollar they have in Bitcoin. People should also spend a little of it to have a nice life.

“You can’t HODL forever,” said Jack.

While talking about loans that people borrow against their Bitcoin. He explained why he thinks banks putting 20% in interest for loans backed with Bitcoin is outrageous.

“All these professional economists, they are like Bitcoin is risky and volatile,” stated Mallers. “No it’s not. This is the magnificent 7 one year volatility and the orange one in the middle is Bitcoin. It’s no more risky and volatile. It’s a little bit more volatile than Apple, but is far less more volatile than Tesla.”

“As Bitcoin matures, its volatility goes down,” continued Jack. “Bitcoin volatility is at a point where it is no more risky than a Tesla Stock. We should not be paying double digits rates for a loan.”

Mallers announced his new system of loans at Strike of 9-13% in interest rates. It will allow people to get loans from $10,000 to $1 billion. 

Mallers closed by saying, “please be responsible. This is debt. Debt is like fire in my opinion. It can heat a civilization. It can warm your home, but if you go too crazy it can burn your house down.”

“Life is short,” said Jack. “Take the trip, but with bitcoin you just get to take a better one.”

This post Jack Mallers Announced A New System of Bitcoin Backed Loans at Strike first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 3c7dc2c5:805642a8

🧠Quote(s) of the week:

Fred Krueger: 'Generally, people overanalyze too much. Bitcoin is amazing tech. It works. It has been the top-performing asset in 13 of the last 15 years. Stop with the analysis. Buy it. Don't trade it. Don't look for "entry points". And don't do a 1% allocation either. Grow a pair.'

🧡Bitcoin news🧡

Money. Time. Energy. You only get to pick two… Unless you’re a Bitcoiner. https://i.ibb.co/1Gw9BJdB/Gqspxqd-Xg-AAw03e.jpg

On the 19th of May.

➡️ El Salvador is $357 million in profit on Bitcoin holdings.

➡️Metaplanet ended Monday as Japan's 9th most traded stock, with ¥61.69B ( $425M) daily volume, surpassing Toyota, SoftBank, and Nintendo.

➡️Circle $USDC in "informal talks" to sell itself to Coinbase or Ripple, Fortune reports. WhalePanda: "Imagine running a $60 billion stablecoin in such an incompetent way you can't even turn a decent profit and desperately have to sell."

➡️Panama introduces a bill to allow citizens to buy, sell, and accept Bitcoin freely anywhere in the country.

On the 20th of May:

➡️https://i.ibb.co/v61tLVTc/Grk-OL6x-Ws-AAIGum.jpg

Tick Tock next block, but it seems like we are right on schedule. Bitcoin is doing exactly what it was designed to do.

➡️BTC just hit a new ATH in Argentina Weak currencies first. Then all of them.

➡️ThumzUp Media officially files to raise $500m to buy Bitcoin as a treasury reserve asset.

➡️Indonesian fintech DigiAsia's stock surges over 90% after announcing plans to raise $100M for a Bitcoin treasury.

➡️River: America’s story began with sound money. Hard-working Americans saved their wealth in gold-backed money. Today, Bitcoin carries that torch forward.

https://i.ibb.co/zTFLqMjC/Grpd4lm-WAAAq-W7m.png

Insane stat! Bitcoin is now the people's money. Imagine the price when nation-states get on board.

The US government is outpacing global rivals like China by embracing Bitcoin. The federal government's Bitcoin holdings now represent twice its global market share of gold reserves.

Worth the read: https://blog.river.com/american-bitcoin-advantage/

'In this report, you'll learn about: - Why Bitcoin is an underestimated pillar of American dominance. - America’s lead in Bitcoin businesses, institutions, development, and policy. - Bitcoin's emergence as America’s reserve asset.'

Ergo: America is the dominant Bitcoin player in just about every dimension: investment, government reserves, development, institutional embrace, supportive policy, and mining.

➡️Texas Bitcoin Reserve bill SB 21 will be considered on the second reading in the House this morning. Note: the Texas Constitution requires that second and third readings be conducted on separate days. If it passes today, then the final vote could be tomorrow

➡️Bitcoin accumulation trends signal bullishness with smallholders (<1 BTC) accelerating accumulation (score ~0.55), and whales (100-10K BTC) aggressively buying. Source: Glassnode

➡️French company The Blockchain Group raises €8.6 million to buy more Bitcoin. Press release

➡️Chinese printer manufacturer Procolored unknowingly distributed Bitcoin-stealing malware through its official device drivers, resulting in 9.3 BTC ($950K) stolen from users.

https://x.com/MistTrack_io/status/1924411803540590728

➡️Bitmine launches its Bitcoin Treasury Advisory Practice with a $4M deal, including $3.2M for leasing 3K Bitcoin miners and an $800K consulting agreement

➡️Bitcoin's correlation to gold is at its lowest since February 2025, per Glassnode data.

➡️UK-listed Smarter Web Company adds 16.42 BTC to its treasury at an average price of $104,202. Total Holdings: 35.62 BTC The Smarter Web Company is stacking with conviction—building a treasury designed for the long term.

On the 21st of May:

➡️Vivek's Strive Asset Management looking to buy up to 75,000 Bitcoin from Mt. Gox claims at a discount to build a Bitcoin treasury.

➡️Bitcoin is $1k from an all-time high and the Google Trends chart looks like this. https://i.ibb.co/qYLb7j6C/Gra6-BSd-Xo-AATN2-A.jpg

On the 22nd of May:

Happy Pizza Day! 15 years ago today Laszlo Hanyecz bought 2 pizzas for 10,000 Bitcoin. That Bitcoin is now worth $1.2 BILLION.

Will Baxter: "But how did he get that much bitcoin? Well, there’s a lot more to Laszlo's story than those pizzas. Here are four facts about him most people don’t know (the last one blew my mind): 1. Laszlo, a Mac developer, discovered bitcoin in 2010. After realizing that Bitcoin only ran on Windows, he took it upon himself to port it to Mac OS. He built and released the first bitcoin client for Mac making it accessible to more users. 2. In its earliest days, bitcoin could be mined with just a CPU, something that every computer has. But Laszlo had other plans. In mid-2010, he released a solution that would allow users to mine with their GPUs. Laszlo is single-handedly responsible for ushering in the era of GPU mining which massively increased Bitcoin’s total hashrate. 3. By being one of the early adopters of GPU mining, Laszlo enjoyed a massive jump in mining efficiency and hashrate, which meant that he was able to mine a lot of blocks. In total, Laszlo’s Bitcoin wallets received more than 80,000 BTC over the first few months of the GPU mining era. It’s estimated that Laszlo mined well over 100,000 BTC in Bitcoin’s early days. 4. Laszlo has single-handedly mined more Bitcoin than any publicly listed Bitcoin mining company. As an example, MARA, the largest publicly traded Bitcoin miner by market capitalization, has mined an estimated 48,000 BTC since 2018. Laszlo and his GPUs managed to mine more than twice that amount! Incredible.

➡️Pizza slice inscribed on the Bitcoin blockchain forever! Block #897813

➡️Strategy: 'Bitcoin Pizza Day at Strategy. Paid for with USD.'

Kinda disgusting. The largest Bitcoin Treasury Company is not even able to pay for pizza in Bitcoin on Bitcoin Pizza Day? Why did they even bother to buy pizza today? They show zero understanding of the meaning of Pizza Day and Bitcoin history.

Plebs all around the world are celebrating Pizza Day by "spend and replace" Bitcoin for some lovely pizzas. What is Saylor doing? He decides to use his giant megaphone to stomp all over it. "Pay with Dollars. Eat the Pizza. Keep the Bitcoin." That post rubbed me the wrong way. That’s because they are not bullish on the payment use case of Bitcoin. I have been saying all the time: that he has an agenda against the medium of exchange. This is plausible as Saylor never minced words as far as I know. His model is HODL. Spending would contradict.

Not sure if I am overreacting because of store of value for several more years will eventually lead to a Medium of Exchange Bitcoin world.

As you might already know I am not particularly a fan of the whole Bitcoin treasury - public companies.

Read the following thread why, an excellent thread on the risks of Bitcoin treasury companies by a bitcoiner.

https://x.com/lowstrife/status/1925717037915005357

➡️For the first time in history, Bitcoin is now trading above $111,000 and just surpassed $2.2 TRILLION in market cap for the first time in history. $3 Billion worth of Bitcoin shorts to be liquidated at $120,000 Small, tiny reminder. In 2021 dollars, Bitcoin hasn’t broken $100K yet. We need to hit $118K to meet that milestone. Celebrating $1 million (eventually) might not be as much fun as you think.

➡️H100 Group buys 4.39 BTC and becomes Sweden's first publicly listed #Bitcoin treasury company. After announcing its first Bitcoin purchase shares surged 37%. A small stack, big signal.

➡️Bitcoin has now surpassed both Amazon and Google to become the 5th largest asset in the world, and Bitcoin just surpassed the Taiwan Dollar and is now the 8 largest currency in the world. Nothing stops this train. https://i.ibb.co/Jj11QjkL/Grk-Ume-KXs-AAm-Xp6.jpg

➡️Michael Saylor's 'Strategy' now has a $23.8 billion unrealized profit on its Bitcoin portfolio. Meanwhile, Strategy is to sell up to $2.1 billion of 10% preferred stock.

➡️'Traditional finance consensus: "What's the use case for BTC?" Allowing Millennials to afford a home despite Boomer policymakers actively pursuing policies to prevent them from doing so Median US home price, price in BTC, 2020-today IMO, this chart is going <1 in coming yrs.' - Luke Gromen https://i.ibb.co/tpCk7HD2/Grka1-Ld-Wc-AAo-IQn.jpg

Just to give you one more perspective on this topic:

➡️Joe Consorti: US real estate has been in a 15-year bull market. But guess what? Priced in bitcoin, the average US home price has dropped from ~3 million BTC to just 4.38 BTC in 15 years. All assets are deflationary in Bitcoin terms. https://i.ibb.co/m5Nk2Yq2/Grk9d92-XUAAAwz-H.jpg

➡️Taiwanese Legislator has proposed a Bitcoin Strategic Reserve at 0.1% of GDP = $780m

➡️Chinese automaker Jiuzi Holdings to buy 1,000 Bitcoin for treasury.

➡️ 'Singapore's Genius Group buys another 24.5 Bitcoin. Now holds 85.5 Bitcoin, 1,000 BTC target confirmed.' - Bitcoin Archive

➡️Standard Chartered expects Bitcoin to hit: - Q2: $120,000 by the end of Q2 - Q4: $200,000 by late 2025 - 2028: $500,000

➡️On-Chain college: 'New ATH for Bitcoin yet realized profit is significantly lower than the last two local tops and prior cycle tops. HIGHER' https://i.ibb.co/ch0HWwWx/Grjx-GHVWo-AAd7-Wt.jpg

Not sure about that. Could be a double top.

On the 23rd of May:

➡️The Blockchain Group confirms the acquisition of 227 BTC for ~€21.2 million, the holding of a total of 847 BTC, and a ‘BTC Yield’ of 861.0% YTD Press release.

➡️The 8th largest economy in the world will start to buy Bitcoin. No one is bullish enough! Governor Abbot to sign Bitcoin Reserve bill into law! Texas to become the 3rd US state to enact an SBR!

➡️Publicly traded The Smarter Web Company bought 23.09 Bitcoin for £1.85 million for its treasury.

➡️For the love of god. Delate Coinbase or any other shitcoin casino/exchange (for example here in the Netherlands Bitvavo) and cold-Storage your Bitcoin and don’t touch them.

https://i.ibb.co/y3BmmNt/Grp-TDv-BWk-AAs7-Gh.jpg

Not your keys, not your coins.

➡️'The Russian Bitcoin mining sector now ranks first in growth rates and second in mining volume globally. The country's largest Bitcoin miners, BitRiver and Intelion, controlling over 50% of the market, generated $200M in revenue for FY2024, per RBC.' -Bitcoin News

➡️Alex Gladstein: 'Absolutely crazy Hundreds of millions of people saw their wage and savings technology lose 15%, 30%, 50%, 75%, even 90% (!) of its value last year Fiat is broken, time for a Plan ₿' https://i.ibb.co/hRZwFsPJ/Gro-s-KJXUAAh97-M.jpg

➡️Bitwise predicts nation-states and institutions will hold 4,269,000 BTC—worth $426.9B. https://i.ibb.co/RkVDmGLg/Gro6wb-VX0-AAHCT0.jpg

➡️'Metaplanet is now the #4 most traded stock in Japan, moving nearly $1B in a day—just a year after adopting #Bitcoin. From obscurity to 300x returns, this is what happens when a company runs on hard money.' -Bitcoin for Corporation

➡️TFTC: "Scammers are mailing fake "Ledger Security" letters demanding wallet validation via QR code. They spoof official branding and ask users to visit fraudulent sites."

https://i.ibb.co/nNg0JgX6/Grpd0o-BWc-AI3-Yj-Y.jpg

On the 24th of May:

➡️Bitcoin has the same number of users as the Internet had in 1999. https://i.ibb.co/1frYh4Z7/Gru2-J3-UW8-AA-05y.jpg

Now talking about that Bitcoin Adoption S-curve...

➡️Thomas Fahrer: 'Holding Bitcoin means getting rich while feeling frustrated 90% of the time. Deflationary money - designed to increase in value - forever. It's difficult for the human mind to comprehend. Most still don't get it.' https://i.ibb.co/9HwPkxK3/Grwpw-W0-W0-AEc-PSb.jpg

On the 25th of May:

➡️Pakistan allocates 2,000mw of electricity to Bitcoin mining and Ai - Bloomberg Daniel Batten: Pakistan announced 2000 MW for Bitcoin mining & AI. That's potentially ~17,000 BTC per year for an SBR. Plus, India will now have to follow. Game theory playing out. *Assuming that 50% of this is for Bitcoin mining, using latest-gen machines, 95% uptime, network hashrate is on average 1200 EH/s by the time they are complete

➡️Normally, I would write this in the segment below 🌎Macro/Geopolitics... "First signpost: DOGE failed to reduce the deficit.

Second signpost: Pushing for SLR changes to boost demand for Treasuries from domestic banks.

Third signpost: Pushing for legislation to boost demand for Treasuries from stablecoin issuers.

Fourth signpost: New spending bill estimated to increase deficit by 33% by 2027.

Fifth signpost: Bessent: "We'll grow GDP faster than the debt to stabilize debt-to-GDP."

Read below (segment 🌎Macro/Geopolitics) his full statement and my view on it.

TL;DR: Keep spending. Pass new laws and tweak regs to suppress long-end yields. Boost nominal GDP (mostly via inflation). Debase the currency. Bondholders and cash savers lose in real terms. Got Bitcoin?" -Sam Callahan

➡️Sminston With: 'There is a myth that 100% of the returns in Bitcoin only happen if you buy at the bottoms and then sell at the tops during one of the cycles. Power law quantile analysis shows otherwise; in fact, there are nearly identical growth rates (CAGR) whether you buy/sell at the bottoms (support) or around the middle (median) 52% vs 53% as of this year! Whichever trendline is followed, even if you only trade at the bottoms, the compounded annual returns of Bitcoin will be >7x of what you'd ever expect from the S&P. Ignore or try to time Bitcoin at your own risk!' https://i.ibb.co/5QHQHqF/Grzig5-BWIAAy9-Jb.jpg

On the 26th of May:

➡️Bitcoin made another weekly record close at $109,004.

➡️When BlackRock holds 1M Bitcoin and the price hits $1M... They’ll be earning $2.5B a year in fees. Every year. Forever.

➡️Florida proposes eliminating Capital Gains Tax on Bitcoin. If passed, it would make Florida the first U.S. state to offer this kind of tax relief.

➡️Strategy acquires 4,020 BTC for $427.1 million at $106,237 per Bitcoin. They now HODL 580,250 BTC acquired for $40.61 billion at $69,979 per Bitcoin.

💸Traditional Finance / Macro:

Jeroen Blokland: U.S. vs. Eurozone in the digital money age!

https://i.ibb.co/dJ3085qm/Grko80y-WMAATw-V1.jpg

On the 20th of May:

👉🏽TKL: 'Retail investors are piling into stocks: Individual investors bought a net $4.1 BILLION in US stocks on Monday between 9:30 AM and 12:30 PM ET, the biggest buy on record. This surpassed the previous high by over $1 BILLION, according to JPMorgan data. Retail investors also broke the $4 billion buying threshold by noon ET for the first time in history. Additionally, retail accounted for a record 36% of the trading volume yesterday, exceeding the previous record set in late April. This supported the S&P 500's rapid recovery from a -1.1% decline at the beginning of Monday’s session into positive territory by the close. Retail investors are driving the market.'

https://i.ibb.co/HTM721rw/Gr-Zot-Th-XMAAl-EB.jpg

To provide you with another example of why retail is driving this market. Institutional investors remain bearish of US stocks:

A net 38% of institutional investors were underweight US equities in early May, the lowest since May 2023, according to BofA. Outside of 2023, this marks the lowest allocation since the lead-up to 2008. Over the last 5 months, this percentage has fallen by ~70 points, the biggest drop on record. The difference between the proportion of investors being overweight in the Eurozone versus US equities hit a net ~75%, the highest since October 2017. By comparison, 4 months ago, the net percentage was -62 points, the lowest since 2012.

The sentiment shift among professional investors has been historic. Institutions dump U.S. stocks and flock to the Eurozone. Institutions bailing on US stocks while retail piles in - smells like a correction brewing.

🏦Banks:

On the 21st of May:

👉🏽The Federal Reserve has experienced its first back-to-back annual losses since 1915, totaling $192 billion in 2023 and 2024. The most expensive “expertise” in history.

https://i.ibb.co/zzPHp40/Gr-Xx-Hsy-WUAARd-IV.jpg

On the 23rd of May:

👉🏽'U.S. Banks U.S. Banks are currently facing $482 Billion in unrealized losses, an increase of 33% from the prior quarter. With rates now skyrocketing, these losses are going to increase. Banks, particularly small banks, are ( potentially) in trouble!!' - Barchart https://i.ibb.co/1FHmTBc/Grm-GA3-OWMAAro5k.jpg

🌎Macro/Geopolitics:

1 bar of gold

= 1 house (1975) 1 bar of gold

= 1 house (2025) Do you get it yet?

https://i.ibb.co/tTM7Kw0n/Gr-W8b-K0b-AAQvu-He.jpg

Got Bitcoin?

On the 19th of May:

👉🏽 TKL: "Risky debt issuance has stalled in the US: Low-rated US corporations have issued less than $1 billion in bonds in April, the lowest in at least 4 years. At the same time, leveraged loan issuances have reached $13 billion. High-yield corporate bonds and leveraged loan issuances are ~10 TIMES lower than during the same period last year. Leveraged loans are typically used to finance M&A, refinance debt, or general business activity, all of which are slowing down." Seems like uncertainty is really affecting everything.

👉🏽'US Treasuries are selling off: The 30-year Treasury yield surpassed 5%, for the first time since November 2023. It is now trading at the 2nd-highest level in 18 YEARS. Investors are signaling that the US public debt CRISIS is heading to a turning point.' -Global Markets Investor

👉🏽The stupidity of EU leaders knows no limits.

https://i.ibb.co/gCpMxsH/Gr-Txm-P1-Ww-AAALx-L.jpg

'Russia pumps gas 3.000 km from frozen Siberia to China through a Gazprom-owned pipeline. Meanwhile, massive Chinese LNG tankers, too enormous for the Suez Canal, sail the long route around the Cape of Good Hope just to supply Europe,filling the gap left by Russia’s fading influence. And now? Russian gas costs three times more.'

https://www.theguardian.com/environment/2025/jan/09/european-imports-of-liquefied-natural-gas-from-russia-at-record-levels

https://www.theguardian.com/world/2025/feb/24/eu-spends-more-russian-oil-gas-than-financial-aid-ukraine-report

👉🏽Klarna losses widen as more users miss payments; 100 million now on platform — FT “The fintech, which offers interest-free consumer loans to allow customers to make retail purchases, on Monday reported a net loss of $99mn for the three months to March, up from $47mn a year earlier.” https://www.ft.com/content/6c4bf393-c80b-42b7-993a-35270143f688 https://i.ibb.co/prsJNdB2/Gr-Y6-WTQXs-AAPu-Tr.png

Funny how they never learn that unsecured debt to subprime holders is a bad idea. Buy now pay later was a model destined to fail because those least capable of repaying the loans are the very people borrowing it. "100M people using Klarna and they're losing money because broke people keep defaulting on burritos"

On the 20th of May:

👉🏽As mentioned in my previous Bitcoin & Macro recap. Japan’s Prime Minister Ishiba called the current bond market situation in Japan “worse than Greece.” Shocking (not!), falling demand for long bonds in a country with a debt-to-GDP ratio of 216%.

Admitting that you’re situation is worse than Greece should horrify people. "Japan's bond market is imploding: Japan's 30Y Government Bond Yield has officially surged to its highest level in history, at 3.15%. For decades, Japan was known for low long-term interest rates. Now, they are dealing with high inflation, a shifting policy outlook, and a whopping 260% debt-to-GDP ratio. On top of this, Japan holds $1.1 TRILLION worth of US debt, making it the largest foreign holder of US debt." -TKL

This is not just about Japan. It’s a signal that the global debt machine is approaching its structural limits and that the next liquidity cycle may not be voluntary, but forced by sovereign fragility.

Read the following thread:

https://x.com/onechancefreedm/status/1924831549683298535

Remember:

1990: Japan has a goal of bringing prices down.

2012: Japan has a goal of getting prices up.

"History tells us that deflation [and inflation] has a habit of getting out of control."

👉🏽Gold prices extend gains to +5% since their May 15th low and near $3,300/oz as markets price-in uncertainty. Gold and Bitcoin are becoming the ONLY global safe-havens.

Talking about gold. China’s gold ETF inflows have more than doubled in the last 12 months, fueling a 38% surge in gold prices. From retail to the central bank—China has never bought more gold.

https://i.ibb.co/kVHh27vz/Gr-YB3-Wj-XUAAiai-W.jpg

On the 21st of May:

👉🏽For the Dutch followers/readers: The renovation of the Binnenhof is more than twice as expensive as the reconstruction of the Notre-Dame… and it costs more than the tallest building in the world, the Burj Khalifa…A typical case of being royally screwed over with other people's money (our tax money!)

👉🏽And yet another manufacturer driven out of the country by ridiculous climate and energy policies. Paint producer AkzoNobel is closing factories in the Netherlands and Belgium; 276 jobs cut.

They now will produce their products, partly, in France (Pamiers). That’s where they’ll continue production — with cheap and reliable nuclear energy.

Source: https://archive.ph/4nVyg

On the 22nd of March:

👉🏽TKL: "The decline in value of fiat currencies against gold has been truly remarkable: Since 1971, the US Dollar has lost 98.94% of its value against gold, the second-largest fall among major currencies. During the same period, the British Pound has declined 99.42%. The Euro would have lost 98.76% if it existed since 1971. Furthermore, the Japanese Yen and Swiss Franc have dropped 97.47% and 94.85%, respectively. Meanwhile, gold prices in US Dollar terms are up ~1,000% during this period. Gold remains a hedge against currency debasement." Wrong, Bitcoin is the hedge against currency debasement. Just look at the Bitcoin/Gold chart. I prefer 'digital' gold. Voltaire famously said, 'Fiat currency always eventually returns to its intrinsic value--zero.

On the 23rd of May:

👉🏽Trump recommends a 50% tariff on products imported from the European Union, starting on June 1, 2025. TKL: 'The trade war is back just as the 10Y Note Yield crosses above 4.60%. This morning, President Trump threatened 25% tariffs on Apple, $AAPL, and 50% tariffs on the EU beginning June 1st. Now, yields are pulling back sharply as recession worries resurface. The drop in yields on this announcement will only give MORE of a reason for President Trump to prolong the trade war. As we have said MULTIPLE times, a trade war accomplishes all of Trump's economic goals at once. Trump wants lower rates, the Fed won't cut, so he will get them the hard way.'

👉🏽US Treasury Secretary Scott Bessent: "We can both grow the economy and control the debt. What is important is that the economy grows faster than the debt. If we change the growth trajectory of the country, of the economy, then we will stabilize our finances and grow our way out of this." “We can grow our way out of this” RIP Fiscal Austerity, 2025-2025 lmao!

Notice how it’s shifted from “we’re going to cut spending” to “we’re going to grow our way out” regarding our debt burden. Bessent knows it’s cooked, hence why he stopped talking about yields. It is kinda delusional to think we are going to grow the economy fast enough to accomplish this when the budget deficit is over 6% of GDP.

Translation: they are unable to meaningfully reduce the debt. US government debt will continue to grow. They will be forced to print eventually. Your purchasing power will continue to fall. Got Bitcoin?

Just to give you one more example:

👉🏽'The national debt has grown under every U.S. president, regardless of political party, for decades. And that is set to continue during President Donald Trump’s second term. Elon Musk and the Department of Government Efficiency (“DOGE”) initially promised to cut $2 trillion in wasteful spending, but have since admitted this figure is likely to total a couple hundred billion bucks at best. Meanwhile, the president is pushing Congress to pass his “big, beautiful bill,” which is expected to add trillions in new deficit spending over the next several years. Make no mistake… the spending will never stop.' - Porter Stansberry

https://i.ibb.co/8k4LNg2/Grlug-NNX0-AAQnw-T.jpg

U.S. National Debt:

1970: $371B

1980: $908B

1990: $3.2T

2000: $5.7T

2010: $13.6T

2020: $26.9T

You can't fix this with votes. Maybe Bitcoin can stop this train? It can also incentivize governments to spend responsibly and manage budgets with discipline. One thing I do know is that you’re not voting your way out of this chart.

On the 24th of May:

👉🏽'The Bank of Japan owns 52.0% of all domestic government bonds. By comparison, life insurers, banks, and pension funds hold 13.4%, 9.8%, and 8.9%, respectively. According to Bloomberg, the Japanese government now holds $7.8 trillion of debt. This makes the Japanese government the third most indebted government in the world, behind the US and China. Furthermore, the Bank of Japan holds a whopping $4.1 trillion of government bonds on its balance sheet. Japan needs a major restructuring.' -TKL

Just to make it even worse...

👉🏽'Prices in Japan are soaring: The cost of rice jumped +98.4% year-over-year in April, posting the biggest monthly jump since 1971. This is an acceleration from the +92.1% surge recorded in March. Energy prices rose +9.3% after the March phaseout of Japanese government subsidies for gas and electricity. As a result, Japan's inflation CPI excluding fresh food rose by +3.5% from the previous year, up from a +3.2% gain in March. This marks the 5th consecutive monthly reading at 3%+. Meanwhile, Japan's economy shrank by -0.7% in Q1 2025, the first decline since Q1 2024. Japan has entered stagflation.' -TKL

👉🏽Birth rates are plummeting in a lot of countries. Population collapse is the greatest threat to civilization.

https://i.ibb.co/3Yfqq0N1/Gruztgo-XIAISc7-A.jpg

Question: How sustainable are the government debts with the population decline, like in Japan and Europe?

Grok: Population decline in Japan and Europe strains government debt sustainability. Japan's debt, at 245% of GDP, faces pressure from an aging population, with social spending projected to hit 24% of GDP by 2040. Europe's debt varies, with Greece at 163.6% and Italy at 137%, while aging reduces tax bases. Immigration and productivity boosts could help, but their impact is uncertain. Japan's domestic debt ownership offers some stability, while EU fiscal rules aid Europe. Outcomes depend on policy execution and economic conditions.

On the 26th of May:

👉🏽Cheap energy = abundance One population is so brainwashed they choose poverty. Michael A. Arouet: Can someone please explain the logic behind Germany closing its perfectly fine nuclear power plants, and deindustrialising?

https://i.ibb.co/tTwkmhcB/Gr3-IWgk-Ww-AAVz-Y3.jpg

👉🏽'The US budget deficit has averaged 9% of GDP over the last 5 years. Over the last 12 months alone, the budget gap has hit 7% of GDP. This is even higher than during the 2001 or the 1980s recessions. This comes as the US government spent a whopping $7.1 trillion over the last year, an equivalent of 24% of GDP. The government is now running larger deficits than during an average economic downturn. What happens if the US economy enters a recession?' -TKL

https://i.ibb.co/tT5nF67J/Gr5kcw-QWc-AAQ7q-R.jpg

🎁If you have made it this far, I would like to give you a little gift, well, in this case, two gifts:

May 2025 Newsletter: A Trade Breakdown

This newsletter issue breaks down the recent trade breakdown (sorry for the pun) and explores some of the nuances of why realigning the global balance of trade is both popular and extremely difficult to do.

https://www.lynalden.com/may-2025-newsletter/

Credit: I have used multiple sources!

My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly.

Use the code SE3997

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀ ⠀

⠀⠀ ⠀ ⠀⠀⠀

Do you think this post is helpful to you?

If so, please share it and support my work with a zap.

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⭐ Many thanks⭐

Felipe - Bitcoin Friday!

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@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ dfa02707:41ca50e3

Contribute 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.

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ dfa02707:41ca50e3

Good 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

@ dfa02707:41ca50e3

Headlines

• 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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• 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

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• 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.

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

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• 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

• @hexlorn made their first contribution in #1858.
• @umk0m1qk made their first contribution in #1864.

Full Changelog: v0.7.6-alpha...v0.7.7-alpha

GitHub Repo

@ dfa02707:41ca50e3

Headlines

• 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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@ c1e9ab3a:9cb56b43

1. Introduction

Over the last 250 years the world’s appetite for energy has soared along an unmistakably exponential trajectory, transforming societies and economies alike. After a half‑century of relative deceleration, a new mix of technological, demographic and political forces now hints at an impending catch‑up phase that could push demand back onto its centuries‑long growth curve. This post knits together the history, the numbers and the newest policy signals to explore what that rebound might look like—and how Gen‑4 nuclear power could meet it.

---

2. The Long Exponential: 1750 – 1975

Early industrialisation replaced muscle, wood and water with coal‑fired steam, pushing global primary energy use from a few exajoules per year in 1750 to roughly 60 EJ by 1900 and 250 EJ by 1975. Over that span aggregate consumption doubled roughly every 25–35 years, equivalent to a long‑run compound growth rate of ~3 % yr‑¹. Per‑capita use climbed even faster in industrialised economies as factories, railways and electric lighting spread.

---

3. 1975 – 2025: The Great Slowdown

3.1 Efficiency & Structural Change

• Oil shocks (1973, 1979) and volatile prices pushed OECD economies to squeeze more GDP from each joule.
• Services displaced heavy industry in rich countries, trimming energy intensity.
• Refrigerators, motors and vehicles became dramatically more efficient.

3.2 Policy & Technology

• The Inflation Reduction Act (U.S.) now layers zero‑emission production credits and technology‑neutral tax incentives on top of existing nuclear PTCs citeturn1search0turn1search2.
• The EU’s Net‑Zero Industry Act aims to streamline siting and finance for “net‑zero technologies”, explicitly naming advanced nuclear citeturn0search1.

3.3 Result

Global primary energy in 2024 stands near 600 EJ (≈ 167 000 TWh)—still growing, but the line has flattened versus the pre‑1975 exponential.

---

4. Population & Per‑Capita Demand

World population tripled between 1950 and today, yet total energy use grew roughly six‑fold. The imbalance reflects rising living standards and electrification. Looking ahead, the UN projects population to plateau near 10.4 billion in the 2080s, but per‑capita demand is poised to climb as the Global South industrialises.

---

5. The Policy Pivot of 2023‑2025

| Region | Signal | Year | Implication | |--------|--------|------|-------------| | COP 28 Declaration | 20+ nations pledge to triple nuclear capacity by 2050 | 2023 | High‑level political cover for rapid nuclear build‑out citeturn0search2 | | Europe | Post‑crisis sentiment shifts; blackout in Iberia re‑opens nuclear debate | 2025 | Spain, Germany, Switzerland and others revisit phase‑outs citeturn0news63 | | United States | TVA submits first SMR construction permit; NRC advances BWRX‑300 review | 2025 | Regulatory pathway for fleet deployment citeturn1search9turn1search1 | | Global Strategy Report | “Six Dimensions for Success” playbook for new nuclear entrants | 2025 | Practical roadmap for emerging economies citeturn0search0 | | U.S. Congress | Proposed cuts to DOE loan office threaten build‑out pace | 2025 | Finance bottleneck remains a risk citeturn1news28 |

---

6. The Catch‑Up Scenario

Suppose the recent 50‑year pause ends in 2025, and total energy demand returns to a midpoint historical doubling period of 12.5 years (the average of the 10–15 year rebound window).

6.1 Consumption Trajectory

| Year | Doublings since 2024 | Demand (TWh) | |------|----------------------|--------------| | 2024 | 0 | 167 000 | | 2037 | 1 | 334 000 | | 2050 | 2 | 668 000 | | 2062 | 3 | 1 336 000 |

(Table ignores efficiency gains from electrification for a conservative, supply‑side sizing.)

---

7. Nuclear‑Only Supply Model

7.1 Reactor Math

• 1 GWᵉ Gen‑4 reactor → 8.76 TWh yr‑¹ at 100 % capacity factor.
• 2062 requirement: 1 336 000 TWh yr‑¹ → ≈ 152 500 reactors in steady state.
• Build rate (2025‑2062, linear deployment):
  152 500 ÷ 38 years ≈ 4 000 reactors per year globally.

(Down from the earlier 5 000 yr‑¹ estimate because the deployment window now stretches 38 years instead of 30.)

7.2 Policy Benchmarks

• COP 28 triple target translates to +780 GW (if baseline 2020 ≈ 390 GW). That is <100 1 GW units per year—two orders of magnitude lower than the theoretical catch‑up requirement, highlighting just how aggressive our thought experiment is.

7.3 Distributed vs Grid‑Centric

Small Modular Reactors (300 MW class) can be sited on retiring coal plants, using existing grid interconnects and cooling, vastly reducing new transmission needs. Ultra‑large “gigawatt corridors” become optional rather than mandatory, though meshed regional grids still improve resilience and market liquidity.

---

8. Challenges & Unknowns

1. Finance: Even with IRA‑style credits, first‑of‑a‑kind Gen‑4 builds carry high cost of capital.
2. Supply Chain: 4 000 reactors a year means a reactor‑grade steel output roughly 20× today’s level.
3. Waste & Public Trust: Advanced reactors can burn actinides, but geologic repositories remain essential.
4. Workforce: Nuclear engineers, welders and regulators are already in short supply.
5. Competing Technologies: Cheap renewables + storage and prospective fusion could displace part of the projected load.

---

9. Conclusions

Recent policy shifts—from Europe’s Net‑Zero Industry Act to the COP 28 nuclear declaration—signal that governments once again see nuclear energy as indispensable to deep decarbonisation. Yet meeting an exponential catch‑up in demand would require deployment rates an order of magnitude beyond today’s commitments, testing manufacturing capacity, finance and political resolve.

Whether the future follows the modest path now embedded in policy or the steeper curve sketched here, two convictions stand out:

• Electrification will dominate new energy demand.
• Scalable, dispatchable low‑carbon generation—likely including large fleets of Gen‑4 fission plants—must fill much of that gap if net‑zero targets are to remain credible.

---

Last updated 1 June 2025.

@ dfa02707:41ca50e3

Contribute 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

• @hexlorn made their first contribution in #1858.
• @umk0m1qk made their first contribution in #1864.

Full Changelog: v0.7.6-alpha...v0.7.7-alpha

GitHub Repo

@ dfa02707:41ca50e3

Contribute 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

• @hexlorn made their first contribution in #1858.
• @umk0m1qk made their first contribution in #1864.

Full Changelog: v0.7.6-alpha...v0.7.7-alpha

GitHub Repo

@ dfa02707:41ca50e3

• 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 in docker-node.conf.
  • Processing incoming transactions from Soroban network can be deactivated by setting NODE_PANDOTX_PROCESS=off in docker-node.conf.
• 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 deprecated explorer field in the Dojo pairing payload. Although still present, API consumers should use this endpoint for explorer and other pairing data.

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.

#FREESAMOURAI

Learn how to set up and use your own Bitcoin privacy node with Dojo here.

Announcement / Archive
GitHub Repo

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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

@ dfa02707:41ca50e3

Contribute 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

@ 4fe4a528:3ff6bf06

Last month I wrote about how bitcoin is decoupling from stocks. So a lot of you finally had the courage to save more in bitcoin. My mission, to explain bitcoin/computers, is coming to end a new on-slot of financial advisors flogging bitcoin is on the horizon.

“the poor you will always have with you” —Jesus. Not everyone has the courage to save seed for next year or to sow plentifully in the spring. Now that bitcoin has decoupled you will see more financial type people trying to show you why bitcoin’s purchasing power grew 20% CAGR in the last decade.

Just like people don’t understand the value of bitcoin, a lot of people don’t understand the value in Artificial Intelligence (AI). This spring I started using Home Assistant (HA) to monitor the house and garden. Most people use automation to save time, but HA provide a lot more benefits to me. Having local data enhances my decision making abilities. I can now tell you how much energy I have stored and how much energy I normally use and when I use it. It answers the question. “Was getting solar really worth the cost?” To me AI is a lot like a calculator, but can answer more than just math questions.

The noun “Google” became a verb because a lot of people started using google search to enhance there understanding. Even Google is embracing the use of AI in their web search capabilities. In 2025, it is weird that any internet user can ask AI about health or wealth and get a smart reply without having to make an appointment with a doctor or a financial planner. To get the courage to act you still might need a mentor, but at least now you kind of know what you should do. Are you willing to let AI plan your day yet?

@ dfa02707:41ca50e3

Contribute 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

Announcement / Archive
GitHub Repo

@ a296b972:e5a7a2e8

Wird hier gerade eine Hollywood-Show vor unseren Augen aufgeführt?

Trump tut oft so, als ob die USA erst mit seiner zweiten Präsidentschaft zu existieren begonnen haben. Die Suppe, die ihm die Biden-Regierung eingebrockt hat auszulöffeln, gehört zur Übernahme der Amtsgeschäfte. Ist es wahrscheinlich, dass die Vorbereitungen für den Stellvertreterkrieg zwischen den USA und Russland, auf dem Rücken der Ukrainer, erst mit der Biden-Administration angefangen haben, oder schon früher?

Nicht vergessen: Als dominierende Kraft in der NATO sind die USA maßgeblich für die Provokation Russlands durch die NATO-Osterweiterung verantwortlich.

Jetzt, wo man, wie in anderen „demokratiebringenden Einmärschen“ vorher auch schon, erkannt hat, dass man wieder mal gescheitert ist, versuchen sich die USA einen schlanken Fuß zu machen? Wollen sie sich gesichtswahrend aus der Affaire ziehen und Europa den schwarzen Peter zuschieben? Am Ende hieße es dann möglicherweise: Wir haben ja alles versucht, uns für eine Befriedung in der Ukraine einzusetzen, aber ihr Europäer wolltet ja nicht. Jetzt seht selber zu, wie ihr damit fertig werdet. Schon lange vor dem Ukraine-Krieg gab es Stimmen, die sagten, dass wenn es einmal darauf ankommt, werden die USA Europa fallen lassen, wie eine heiße Kartoffel.

Trump deutet an, eine große Zahl der Besatzungstruppen in Europa, besonders präsent in Deutschland, abziehen zu wollen. Gleichzeitig ist die geplante Stationierung von Hyperschallraketen namens „Dark Eagle“ in 2026 noch nicht zurückgenommen worden. Das wäre ein klares Signal einer vertrauensbildenden Maßnahme. Trump könnte in Wiesbaden das Licht ausmachen. Auch das wäre Russland gegenüber, ein klares Zeichen zum festen Willen einer Deeskalation.

Wie geht es mit den rund 800 weltweiten US-Basen weiter? Gibt es hier Pläne, sich zurückzuziehen?

Trump könnte veranlassen, dass Starlink abgeschaltet würde, ein Anruf bei Musk genügte, dann wäre die Ukraine blind. Warum tut er das nicht, um den Krieg schneller zu beenden?

Warum fließen von Deutschland finanzielle Mittel in die Ukraine, um den Betrieb von Starlink weiter aufrechtzuerhalten?

All das könnten klare Zeichen Richtung Russland sein, die es beruhigen und das territoriale Sicherheitsgefühl des Landes wiederherstellen würde.

Wusste Trump nichts von der Auslagerung der Bio-Waffen-Labore in die Ukraine?

Haben die zahlreichen Executive Orders, so gut sie auch sein mögen, nicht auch den Charme von Autokratie oder sogar schon Diktatur? Sind diese in einer Ausnahmesituation gerechtfertigt? Dann wären die Ermächtigungsgesetze bei der Machtübernahme in Deutschland es auch gewesen. Sie geschahen aus der Sicht der Verantwortlichen ja auch in bester Absicht. Das kann doch eigentlich nicht sein. Oder kann man beides nicht miteinander vergleichen?

Wie passt das alles zusammen?

Im Juni gibt es ein NATO-Treffen. Wird Trump dort den Austritt aus der NATO verkünden?

Vorher macht Merz seinen Antrittsbesuch bei Trump. Gibt es eine saftige Ohrfeige, entlässt Trump Deutschland in die Volljährigkeit, oder erklärt Trump Deutschland zu seinem stärksten und verlässlichsten Partner in Europa? Man muss mit allem rechnen.

Durch seine Rede auf der Sicherheitskonferenz in München, bemängelte Vance unter anderem die Meinungsfreiheit in Deutschland. Ist das wirkliche Meinungsfreiheit, wenn diese derzeit in den USA vor allem in den Händen von Musk liegt?

Vance sah auch eine Gefahr für die Demokratie in Deutschland durch die Brandmauer gegen die Opposition. Es ist offensichtlich, dass Trump konservative Kräfte und somit die Opposition in Deutschland unterstützt und stärkt. Die Opposition steht jedoch auch zur NATO und ist für eine angemessene Verteidigungsfähigkeit. Keine Überlegungen, ob die Neutralität für Deutschland nicht ebenfalls eine Alternative wäre. Besteht hier nicht eine Gefahr, denn es ist nicht das erste Mal, dass die USA in einem anderen Land Kräfte unterstützen, von denen sie der Meinung sind, dass sie der Demokratisierung dienen. Hier gibt es Beispiele dafür, dass der Schuss auch nach hinten losgehen kann. Dieses Mal mag es ja vielleicht in die richtige Richtung gehen, doch wer garantiert das? Am Ende zeigt es jedoch vor allem, dass Deutschland nur ein Spielball ganz anderer Kräfte ist, und aus sich heraus nicht in der Lage, vernunftbegabte, eigene Entscheidungen zu treffen. Und werden Entscheidungen getroffen, dann gehen sie in die falsche Richtung. Deutschland darf nicht stärkste Kraft in Europa werden, schon allein aufgrund seiner eigenen Geschichte nicht.

Und die, die die durchaus vorhandenen mahnenden Stimmen in Deutschland unterstützen müssten, die tun es (noch) nicht. In der Tat muss der Wandel von unten nach oben erfolgen, durch den Souverän, weil es mehr als genug Beweise dafür gibt, dass die politische Klasse weder willens noch dazu in der Lage ist, wieder freiheitlich-demokratische Verhältnisse herzustellen, auch, wenn sie ständig gebetsmühlenartig betont, dass sie Unseredemokratie mit allen Mitteln schützen will. Mittlerweile ist die Lage schon so pervers, dass man sich förmlich einen tagelangen Blackout, Benzinpreise von 5,00 Euro den Liter, exorbitant hohe Heiz- und Lebenshaltungskosten herbeiwünscht, damit dieses derzeit leider enttäuschende, bräsige Volk endlich den Irren in Berlin deutlich zu verstehen gibt, dass es so nicht weitergehen kann.

Herr Pistorius scheint der Ansicht zu sein, dass, wenn er das Wort Diplomatie in den Mund nimmt, er augenblicklich an Zungenkrebs erkrankt. Nein, Herr Pistorius, wir müssen nicht kriegstüchtig werden, wir müssen nicht nur friedensfähig werden, sondern friedensliebend durch eine vernunftbegabte deutsche Politik sein, kapieren Sie das endlich! Und diese Friedensliebe muss in die Welt hinausposaunt werden, als Zeichen, dass Deutschland aus seiner Geschichte gelernt hat (wenn es denn so wäre).

Und Frieden durch Krieg schaffen zu wollen, ist und bleibt bekloppt!

Und Merz, verkündet stolz die Stationierung einer Brigade in Litauen, direkt an der russischen Grenze. Es scheint ihm Vergnügen zu bereiten, den Bären an der Tatze zu kitzeln. So lange, bis er die Krallen zeigt, weil es ihm zu viel wird. In Litauen selbst scheint es seit Ende des 2. Weltkrieges noch bis heute eine beträchtliche Anzahl von ewig Gestrigen zu geben, genauso, wie in der Ukraine. Wie passt das zusammen?

Oder soll gar am Ende doch noch der Morgenthau-Plan umgesetzt werden? Anzeichen dafür gibt es.

Was, Herr Trump, ist jetzt mit den Goldreserven in Fort Knox? Sind sie noch da, oder nicht? Was ist mit den deutschen Goldreserven? Die sieht Deutschland wahrscheinlich nie wieder, weil sie mit den jahrzehntelangen Kosten für den US-NATO-Schutz verrechnet werden. Und am Ende würde wahrscheinlich sogar noch ein Saldo zu Ungunsten Deutschlands übrigbleiben.

Ja, es sind viele Baustellen begonnen worden und es gibt immer noch sehr starke Kräfte in den USA, die das Aufräumen verhindern wollen:

Weniger Zucker, keine künstlichen Zusatzstoffe in Lebensmitteln, zusatzfreies Wasser, alles schön und gut. Was nutzt es, wenn die Amis sich wieder gesünder ernähren können, die Fettleibigkeit zurückgeht und viele am Ende dann doch an den Folgen der Spritze zugrunde gehen.  Ein offizielles, nationales, sofortiges Verbot der mRNA-Vergiftung gibt es immer noch nicht. Und auch keine laufende Aufarbeitung und Aufklärung von alleroberster Stelle. Kennedy tut was er kann, aber das reicht noch nicht.

Wer sind die Hintermänner der Wettermanipulation, die derzeit teilweise geahndet werden? Irgendjemand muss den Auftrag dazu geben, wo wird das Zeug hergestellt, wer mischt es dem Flugbenzin bei, was wissen die Flugkapitäne, wenn es denn so ist?

Wird eine Grand Jury vorbereitet, in denen die von Biden am letzten Tag begnadigten Personen, inklusive ihm selbst, zur Rechenschaft gezogen werden? Wo ist das US-amerikanische Nürnberg 2.0 für alle, die an dem Spritzen-Verbrechen beteiligt gewesen sind?

Was ist mit den Kinderschändern? Können die fliehen, wohin? Oder landen die allesamt auf dem elektrischen Stuhl, wo sie hingehören würden? Auch, wenn man grundsätzlich gegen die Todesstrafe ist, in diesem Fall könnte man doch mal eine Ausnahme machen, falls Guantanamo zu voll würde. Sich in teuflischer Art auf verschiedene Weise an Kindern zu vergehen, ist das widerlichste, abscheulichste, menschenverachtendste, das sich ein normaler Mensch überhaupt nur vorstellen kann. Und gleich danach kommt die weltweite, satanische mRNA-Vergiftung.

Was sollen die Friedensgespräche zwischen Russland und der Ukraine in Istanbul? Wie der durch die NATO-Osterweiterung von den USA angezettelte Krieg in der Ukraine, so wäre es jetzt auch die Pflicht der USA, dieses grandiose Deppenstück mit unzähligen Toten und Verstümmelten auch wieder zu beenden. Und das geht nur zwischen den USA und Russland. Die Ukraine hat dabei wenig bis gar nichts zu melden, genau so wenig, wie Europa, und schon gar nicht Möchte-Gernegroß-Deutschland.

Ist das ein Hinhaltetaktik?

Klar war, dass Trump den Krieg in der Ukraine nicht in 24 Stunden beenden konnte. Wurde Europa die Gelegenheit gegeben, ein Bündnis der Willigen aufzustellen, dass verzweifelt aber erfolglos versucht, einen Keil in die Friedensverhandlungen zu treiben? Soll damit das wahre Gesicht von Großbritannien, Frankreich und Deutschland augenscheinlich werden? Steckt ein Plan dahinter, aber welcher?

Welche Möglichkeiten hätte Trump, die Europäische Union, als Handlanger des Deep States und der NATO, mit einer Überdosis der von der EU-Kommissarin per SMS bestellten Haarspray-Dosen zu ersticken, damit eine für alle einträgliche Neuauflage der Europäischen Wirtschaftsgemeinschaft selbständiger Nationalstaaten wiederauferstehen kann? Damit Gurken und Bananen wieder krumm sein dürfen, und die Sommerzeit, unnötig wie ein Loch im Kopf, endlich wieder abgeschafft wird, weil keiner sie will und weil sie nichts bringt. Das sind nur die harmlosesten Beispiele. Dieses nicht demokratisch gewählte Bürokratie-Monster mit europäischem Herrschaftsanspruch, Militärphantasien und diktatorischen Gleichmachungsgedanken gehört aufgelöst, und die agierenden Handlanger in ihm dürfen nie wieder politische Verantwortung übertragen bekommen.

Es ist richtig, wenn es Stimmen gibt, die sagen, die Veränderung der politischen Verhältnisse muss von der Graswurzel aus erfolgen, weil man erkennen muss, dass das ganze System vergiftet ist. Die USA waren genau so wenig jemals unser Freund, wie Russland unser Feind ist. Es ging und geht immer nur um Interessen, nicht um Nächstenliebe. Wie viele Generationen und ein anderes Bildungssystem braucht es, bis die Menschen das verstehen?

Trump hat schon mehrmals angekündigt, dass „nächste Woche“ Großes geschehen wird. Bisher heiße Luft, oder ist da etwas verkündet worden, dass man nicht mitbekommen hat?

Trump ist nicht der Retter der Welt! Mit dem Projekt Warp-Speed geht es jetzt weiter mit Stargate. Hier sollen 500 Milliarden Dollar in die mRNA-Forschung zur Bekämpfung von Krebs und in die KI-Infrastruktur bereitgestellt werden. Welche Rolle spielen Thiel mit Palantir und Musk mit Neurolink und weitere Tech-Giganten? Digitale Identitäten sollen die illegalen Einwanderer abhalten, zum Schutz der eigenen Bevölkerung. Wer sagt denn, dass hier nicht ein totaler Überwachungsstaat installiert werden soll? Man muss Speck in die Mausefalle legen, damit die Maus darauf hereinfällt. Und dann – schnappt sie zu! Vieles, was aus den USA kommt, hört sich erst einmal befreiend an. Basiert das wirklich auf humanen Prinzipien, oder sind am Ende auch hier nur Interessen, wie überall, die treibende Kraft?

Die USA sind keine lupenreine Demokratie, genauso wenig wie Russland, denn am Ende zählt, wer das meiste Geld zusammenbekommen hat, um an die Macht zu kommen. Das ist wohl eher eine "Moneykratie", eine Geldherrschaft. Einmal sind es die Demokraten, ein anderes Mal sind es die Republikaner. Am Ende ziehen immer diejenigen die Strippen, die dahinterstehen, die man nicht sieht, die Einser, die aus den vielen Nullen eine Tausend machen, damit sie ihre Macht entfalten können. Wer entscheidet denn, wer die guten Reichen und wer die bösen Reichen sind? Am Ende verdirbt Geld und Macht bei allen den Charakter. Und was die sogenannten Philanthropen anrichten können, hat man ja in vollen Zügen „genießen“ dürfen. Raus aus der WHO, ein richtiger Schritt der USA und Argentiniens. Und was ist mit den anderen Staaten? Auch hier tut sich Deutschland wieder einmal in besonders unangenehmer Weise durch zusätzliche Geldspritzen hervor.

Wir sollten endlich innerhalb unserer Menschheitsentwicklung erwachsen werden, uns von dem Gedanken verabschieden und uns darauf verlassen, dass Mama und Papa es schon richten werden. Mit wirklicher Freiheit umzugehen, muss gelernt sein. Wir müssen aus der Freiheits-Simulation aufwachen. Das macht vielen Angst, weil Freiheit mit Selbstverantwortung, Selbstermächtigung und Selbstdenken zu tun hat. Die Auswahl in einem 5 Meter langen Joghurt-Regal hat nichts mit Freiheit zu tun!

Bisher wurden wir in den sogenannten Demokratien darauf hin konditioniert, dass wir unser Kreuzchen machen, damit wir jemanden haben, auf den wir schimpfen können: Die da oben! Und die da oben, interessiert das einen feuchten Kehricht. Das muss aufhören!

Wir müssen unser Schicksal und Wohlergehen endlich selbst in die Hand nehmen.

Alle Systeme, und klingen sie noch so verlockend, dienen der Steuerung und Lenkung von Massen, weil einige Wenige glauben zu wissen, was gut für uns ist. Dabei sollten wir das doch selbst am allerbesten wissen. Dazu gehört vor allem die Freiheit, die kein System wirklich zulassen kann, auch die USA nicht, weil das den absoluten Machtverlust für es bedeuten würde.

Selbst, wenn sich unter dem Vorangegangenen, Wirres für den Leser befinden sollte, es sind eigene Gedanken und eine Meinung, die immer noch besser ist, als die vorbereiteten, geschälten Apfelscheite von einem Tellerchen aufzunehmen, gedankenlos in den Mund zu stecken, leicht durchzukauen und herunterzuschlucken, so, wie es bei denen, die immer noch vor dem Fernseher hocken und glauben, was ihnen da vorgelogen wird, der Fall ist.

Insasse der Freiluft-Irrenanstalt, bediene Dich Deines eigenen Verstandes und heile Dich selbst von der Massenpsychose, in die man Dich durch jahrelange Gehirnwäsche getrieben hat. Schock den Staat, denke selbst!

@ dfa02707:41ca50e3

Contribute 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 to sparrowwallet and sparrowserver 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 to sparrowwallet or sparrowserver, and in some cases you may need to manually uninstall the original sparrow 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

Announcement / Archive
GitHub Repo

@ dfa02707:41ca50e3

Contribute 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

@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ b1ddb4d7:471244e7

Starting January 1, 2026, the United Kingdom will impose some of the world’s most stringent reporting requirements on cryptocurrency firms.

All platforms operating in or serving UK customers-domestic and foreign alike-must collect and disclose extensive personal and transactional data for every user, including individuals, companies, trusts, and charities. 

This regulatory drive marks the UK’s formal adoption of the OECD’s Crypto-Asset Reporting Framework (CARF), a global initiative designed to bring crypto oversight in line with traditional banking and to curb tax evasion in the rapidly expanding digital asset sector.

What Will Be Reported?

Crypto firms must gather and submit the following for each transaction:

• User’s full legal name, home address, and taxpayer identification number
• Detailed data on every trade or transfer: type of cryptocurrency, amount, and nature of the transaction
• Identifying information for corporate, trust, and charitable clients

The obligation extends to all digital asset activities, including crypto-to-crypto and crypto-to-fiat trades, and applies to both UK residents and non-residents using UK-based platforms. The first annual reports covering 2026 activity are due by May 31, 2027.

Enforcement and Penalties

Non-compliance will carry stiff financial penalties, with fines of up to £300 per user account for inaccurate or missing data-a potentially enormous liability for large exchanges. The UK government has urged crypto firms to begin collecting this information immediately to ensure operational readiness.

Regulatory Context and Market Impact

This move is part of a broader UK strategy to position itself as a global fintech hub while clamping down on fraud and illicit finance. UK Chancellor Rachel Reeves has championed these measures, stating, “Britain is open for business – but closed to fraud, abuse, and instability”. The regulatory expansion comes amid a surge in crypto adoption: the UK’s Financial Conduct Authority reported that 12% of UK adults owned crypto in 2024, up from just 4% in 2021.

Enormous Risks for Consumers: Lessons from the Coinbase Data Breach

While the new framework aims to enhance transparency and protect consumers, it also dramatically increases the volume of sensitive personal data held by crypto firms-raising the stakes for cybersecurity.

The risks are underscored by the recent high-profile breach at Coinbase, one of the world’s largest exchanges.

In May 2025, Coinbase disclosed that cybercriminals, aided by bribed offshore contractors, accessed and exfiltrated customer data including names, addresses, government IDs, and partial bank details. 

The attackers then used this information for sophisticated phishing campaigns, successfully deceiving some customers into surrendering account credentials and funds.

“While private encryption keys remained secure, sufficient customer information was exposed to enable sophisticated phishing attacks by criminals posing as Coinbase personnel.”

Coinbase now faces up to $400 million in compensation costs and has pledged to reimburse affected users, but the incident highlights the systemic vulnerability created when large troves of personal data are centralized-even if passwords and private keys are not directly compromised. The breach also triggered a notable drop in Coinbase’s share price and prompted a $20 million bounty for information leading to the attackers’ capture.

The Bottom Line

The UK’s forthcoming crypto reporting regime represents a landmark in financial regulation, promising greater transparency and tax compliance. However, as the Coinbase episode demonstrates, the aggregation of sensitive user data at scale poses a significant cybersecurity risk.

As regulators push for more oversight, the challenge will be ensuring that consumer protection does not become a double-edged sword-exposing users to new threats even as it seeks to shield them from old ones.

@ b1ddb4d7:471244e7

When 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

@ dfa02707:41ca50e3

• 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 in docker-node.conf.
  • Processing incoming transactions from Soroban network can be deactivated by setting NODE_PANDOTX_PROCESS=off in docker-node.conf.
• 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 deprecated explorer field in the Dojo pairing payload. Although still present, API consumers should use this endpoint for explorer and other pairing data.

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.

#FREESAMOURAI

Learn how to set up and use your own Bitcoin privacy node with Dojo here.

Announcement / Archive
GitHub Repo

@ 7f6db517:a4931eda

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

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

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

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

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

---

_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.

@ dfa02707:41ca50e3

Contribute 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

@ 8bad92c3:ca714aa5

Marty's Bent

It's been a pretty historic week for the United States as it pertains to geopolitical relations in the Middle East. President Trump and many members of his administration, including AI and Crypto Czar David Sacks and Treasury Secretary Scott Bessent, traveled across the Middle East making deals with countries like Qatar, Saudi Arabia, the United Arab Emirates, Syria, and others. Many are speculating that Iran may be included in some behind the scenes deal as well. This trip to the Middle East makes sense considering the fact that China is also vying for favorable relationships with those countries. The Middle East is a power player in the world, and it seems pretty clear that Donald Trump is dead set on ensuring that they choose the United States over China as the world moves towards a more multi-polar reality.

Many are calling the events of this week the Riyadh Accords. There were many deals that were struck in relation to artificial intelligence, defense, energy and direct investments in the United States. A truly prolific power play and demonstration of deal-making ability of Donald Trump, if you ask me. Though I will admit some of the numbers that were thrown out by some of the countries were a bit egregious. We shall see how everything plays out in the coming years. It will be interesting to see how China reacts to this power move by the United States.

While all this was going on, there was something happening back in the United States that many people outside of fringe corners of FinTwit are not talking about, which is the fact that the 10-year and 30-year U.S. Treasury bond yields are back on the rise. Yesterday, they surpassed the levels of mid-April that caused a market panic and are hovering back around levels that have not been seen since right before Donald Trump's inauguration.

I imagine that there isn't as much of an uproar right now because I'm pretty confident the media freakouts we were experiencing in mid-April were driven by the fact that many large hedge funds found themselves off sides of large levered basis trades. I wouldn't be surprised if those funds have decreased their leverage in those trades and bond yields being back to mid-April levels is not affecting those funds as much as they were last month. But the point stands, the 10-year and 30-year yields are significantly elevated with the 30-year approaching 5%. Regardless of the deals that are currently being made in the Middle East, the Treasury has a big problem on its hands. It still has to roll over many trillions worth of debt over over the next few years and doing so at these rates is going to be massively detrimental to fiscal deficits over the next decade. The interest expense on the debt is set to explode in the coming years.

On that note, data from the first quarter of 2025 has been released by the government and despite all the posturing by the Trump administration around DOGE and how tariffs are going to be beneficial for the U.S. economy, deficits are continuing to explode while the interest expense on the debt has definitively surpassed our annual defense budget.

via Charlie Bilello

via Mohamed Al-Erian

To make matters worse, as things are deteriorating on the fiscal side of things, the U.S. consumer is getting crushed by credit. The 90-plus day delinquency rates for credit card and auto loans are screaming higher right now.

via TXMC

One has to wonder how long all this can continue without some sort of liquidity crunch. Even though equities markets have recovered from their post-Liberation Day month long bear market, I would not be surprised if what we're witnessing is a dead cat bounce that can only be continued if the money printers are turned back on. Something's got to give, both on the fiscal side and in the private markets where the Common Man is getting crushed because he's been forced to take on insane amounts of debt to stay afloat after years of elevated levels of inflation. Add on the fact that AI has reached a state of maturity that will enable companies to replace their current meat suit workers with an army of cheap, efficient and fast digital workers and it isn't hard to see that some sort of employment crisis could be on the horizon as well.

Now is not the time to get complacent. While I do believe that the deals that are currently being made in the Middle East are probably in the best interest of the United States as the world, again, moves toward a more multi-polar reality, we are facing problems that one cannot simply wish away. They will need to be confronted. And as we've seen throughout the 21st century, the problems are usually met head-on with a money printer.

I take no pleasure in saying this because it is a bit uncouth to be gleeful to benefit from the strife of others, but it is pretty clear to me that all signs are pointing to bitcoin benefiting massively from everything that is going on. The shift towards a more multi-polar world, the runaway debt situation here in the United States, the increasing deficits, the AI job replacements and the consumer credit crisis that is currently unfolding, All will need to be "solved" by turning on the money printers to levels they've never been pushed to before.

Weird times we're living in.

China's Manufacturing Dominance: Why It Matters for the U.S.

In my recent conversation with Lyn Alden, she highlighted how China has rapidly ascended the manufacturing value chain. As Lyn pointed out, China transformed from making "sneakers and plastic trinkets" to becoming the world's largest auto exporter in just four years. This dramatic shift represents more than economic success—it's a strategic power play. China now dominates solar panel production with greater market control than OPEC has over oil and maintains near-monopoly control of rare earth elements crucial for modern technology.

"China makes like 10 times more steel than the United States does... which is relevant in ship making. It's relevant in all sorts of stuff." - Lyn Alden

Perhaps most concerning, as Lyn emphasized, is China's financial leverage. They hold substantial U.S. assets that could be strategically sold to disrupt U.S. treasury market functioning. This combination of manufacturing dominance, resource control, and financial leverage gives China significant negotiating power in any trade disputes, making our attempts to reshoring manufacturing all the more challenging.

Check out the full podcast here for more on Triffin's dilemma, Bitcoin's role in monetary transition, and the energy requirements for rebuilding America's industrial base.

Headlines of the Day

Financial Times Under Fire Over MicroStrategy Bitcoin Coverage - via X

Trump in Qatar: Historic Boeing Deal Signed - via X

Get our new STACK SATS hat - via tftcmerch.io

Johnson Backs Stock Trading Ban; Passage Chances Slim - via X

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Final thought...

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@ 127d3bf5:466f416f

In the Name of Allah, the Most Gracious, the Most Merciful,

"Permission to fight (against disbelievers) is given to those (believers) who are fought against, because they have been wronged and surely, Allah is Able to give them (believers) victory" [Quran 22:39]

"Those who believe, fight in the Cause of Allah, and those who disbelieve, fight in the cause of Taghut (anything worshipped other than Allah e.g. Satan). So fight you against the friends of Satan; ever feeble is indeed the plot of Satan."[Quran 4:76]

Some American writers have published articles under the title 'On what basis are we fighting?' These articles have generated a number of responses, some of which adhered to the truth and were based on Islamic Law, and others which have not. Here we wanted to outline the truth - as an explanation and warning - hoping for Allah's reward, seeking success and support from Him.

While seeking Allah's help, we form our reply based on two questions directed at the Americans:

(Q1) Why are we fighting and opposing you?\ (Q2) What are we calling you to, and what do we want from you?

As for the first question: Why are we fighting and opposing you? The answer is very simple:

(1) Because you attacked us and continue to attack us.

a) You attacked us in Palestine:

(i) Palestine, which has sunk under military occupation for more than 80 years. The British handed over Palestine, with your help and your support, to the Jews, who have occupied it for more than 50 years; years overflowing with oppression, tyranny, crimes, killing, expulsion, destruction and devastation. The creation and continuation of Israel is one of the greatest crimes, and you are the leaders of its criminals. And of course there is no need to explain and prove the degree of American support for Israel. The creation of Israel is a crime which must be erased. Each and every person whose hands have become polluted in the contribution towards this crime must pay its*price, and pay for it heavily.

(ii) It brings us both laughter and tears to see that you have not yet tired of repeating your fabricated lies that the Jews have a historical right to Palestine, as it was promised to them in the Torah. Anyone who disputes with them on this alleged fact is accused of anti-semitism. This is one of the most fallacious, widely-circulated fabrications in history. The people of Palestine are pure Arabs and original Semites. It is the Muslims who are the inheritors of Moses (peace be upon him) and the inheritors of the real Torah that has not been changed. Muslims believe in all of the Prophets, including Abraham, Moses, Jesus and Muhammad, peace and blessings of Allah be upon them all. If the followers of Moses have been promised a right to Palestine in the Torah, then the Muslims are the most worthy nation of this.

When the Muslims conquered Palestine and drove out the Romans, Palestine and Jerusalem returned to Islaam, the religion of all the Prophets peace be upon them. Therefore, the call to a historical right to Palestine cannot be raised against the Islamic Ummah that believes in all the Prophets of Allah (peace and blessings be upon them) - and we make no distinction between them.

(iii) The blood pouring out of Palestine must be equally revenged. You must know that the Palestinians do not cry alone; their women are not widowed alone; their sons are not orphaned alone.

(b) You attacked us in Somalia; you supported the Russian atrocities against us in Chechnya, the Indian oppression against us in Kashmir, and the Jewish aggression against us in Lebanon.

(c) Under your supervision, consent and orders, the governments of our countries which act as your agents, attack us on a daily basis;

(i) These governments prevent our people from establishing the Islamic Shariah, using violence and lies to do so.

(ii) These governments give us a taste of humiliation, and places us in a large prison of fear and subdual.

(iii) These governments steal our Ummah's wealth and sell them to you at a paltry price.

(iv) These governments have surrendered to the Jews, and handed them most of Palestine, acknowledging the existence of their state over the dismembered limbs of their own people.

(v) The removal of these governments is an obligation upon us, and a necessary step to free the Ummah, to make the Shariah the supreme law and to regain Palestine. And our fight against these governments is not separate from out fight against you.

(d) You steal our wealth and oil at paltry prices because of you international influence and military threats. This theft is indeed the biggest theft ever witnessed by mankind in the history of the world.

(e) Your forces occupy our countries; you spread your military bases throughout them; you corrupt our lands, and you besiege our sanctities, to protect the security of the Jews and to ensure the continuity of your pillage of our treasures.

(f) You have starved the Muslims of Iraq, where children die every day. It is a wonder that more than 1.5 million Iraqi children have died as a result of your sanctions, and you did not show concern. Yet when 3000 of your people died, the entire world rises and has not yet sat down.

(g) You have supported the Jews in their idea that Jerusalem is their eternal capital, and agreed to move your embassy there. With your help and under your protection, the Israelis are planning to destroy the Al-Aqsa mosque. Under the protection of your weapons, Sharon entered the Al-Aqsa mosque, to pollute it as a preparation to capture and destroy it.

(2) These tragedies and calamities are only a few examples of your oppression and aggression against us. It is commanded by our religion and intellect that the oppressed have a right to return the aggression. Do not await anything from us but Jihad, resistance and revenge. Is it in any way rational to expect that after America has attacked us for more than half a century, that we will then leave her to live in security and peace?!!

(3) You may then dispute that all the above does not justify aggression against civilians, for crimes they did not commit and offenses in which they did not partake:

(a) This argument contradicts your continuous repetition that America is the land of freedom, and its leaders in this world. Therefore, the American people are the ones who choose their government by way of their own free will; a choice which stems from their agreement to its policies. Thus the American people have chosen, consented to, and affirmed their support for the Israeli oppression of the Palestinians, the occupation and usurpation of their land, and its continuous killing, torture, punishment and expulsion of the Palestinians. The American people have the ability and choice to refuse the policies of their Government and even to change it if they want.

(b) The American people are the ones who pay the taxes which fund the planes that bomb us in Afghanistan, the tanks that strike and destroy our homes in Palestine, the armies which occupy our lands in the Arabian Gulf, and the fleets which ensure the blockade of Iraq. These tax dollars are given to Israel for it to continue to attack us and penetrate our lands. So the American people are the ones who fund the attacks against us, and they are the ones who oversee the expenditure of these monies in the way they wish, through their elected candidates.

(c) Also the American army is part of the American people. It is this very same people who are shamelessly helping the Jews fight against us.

(d) The American people are the ones who employ both their men and their women in the American Forces which attack us.

(e) This is why the American people cannot be not innocent of all the crimes committed by the Americans and Jews against us.

(f) Allah, the Almighty, legislated the permission and the option to take revenge. Thus, if we are attacked, then we have the right to attack back. Whoever has destroyed our villages and towns, then we have the right to destroy their villages and towns. Whoever has stolen our wealth, then we have the right to destroy their economy. And whoever has killed our civilians, then we have the right to kill theirs.

The American Government and press still refuses to answer the question:

Why did they attack us in New York and Washington?

If Sharon is a man of peace in the eyes of Bush, then we are also men of peace!!! America does not understand the language of manners and principles, so we are addressing it using the language it understands.

(Q2) As for the second question that we want to answer: What are we calling you to, and what do we want from you?

(1) The first thing that we are calling you to is Islam.

(a) The religion of the Unification of God; of freedom from associating partners with Him, and rejection of this; of complete love of Him, the Exalted; of complete submission to His Laws; and of the discarding of all the opinions, orders, theories and religions which contradict with the religion He sent down to His Prophet Muhammad (peace be upon him). Islam is the religion of all the prophets, and makes no distinction between them - peace be upon them all.

It is to this religion that we call you; the seal of all the previous religions. It is the religion of Unification of God, sincerity, the best of manners, righteousness, mercy, honour, purity, and piety. It is the religion of showing kindness to others, establishing justice between them, granting them their rights, and defending the oppressed and the persecuted. It is the religion of enjoining the good and forbidding the evil with the hand, tongue and heart. It is the religion of Jihad in the way of Allah so that Allah's Word and religion reign Supreme. And it is the religion of unity and agreement on the obedience to Allah, and total equality between all people, without regarding their colour, sex, or language.

(b) It is the religion whose book - the Quran - will remained preserved and unchanged, after the other Divine books and messages have been changed. The Quran is the miracle until the Day of Judgment. Allah has challenged anyone to bring a book like the Quran or even ten verses like it.

(2) The second thing we call you to, is to stop your oppression, lies, immorality and debauchery that has spread among you.

(a) We call you to be a people of manners, principles, honour, and purity; to reject the immoral acts of fornication, homosexuality, intoxicants, gambling's, and trading with interest.

We call you to all of this that you may be freed from that which you have become caught up in; that you may be freed from the deceptive lies that you are a great nation, that your leaders spread amongst you to conceal from you the despicable state to which you have reached.

(b) It is saddening to tell you that you are the worst civilization witnessed by the history of mankind:

(i) You are the nation who, rather than ruling by the Shariah of Allah in its Constitution and Laws, choose to invent your own laws as you will and desire. You separate religion from your policies, contradicting the pure nature which affirms Absolute Authority to the Lord and your Creator. You flee from the embarrassing question posed to you: How is it possible for Allah the Almighty to create His creation, grant them power over all the creatures and land, grant them all the amenities of life, and then deny them that which they are most in need of: knowledge of the laws which govern their lives?

(ii) You are the nation that permits Usury, which has been forbidden by all the religions. Yet you build your economy and investments on Usury. As a result of this, in all its different forms and guises, the Jews have taken control of your economy, through which they have then taken control of your media, and now control all aspects of your life making you their servants and achieving their aims at your expense; precisely what Benjamin Franklin warned you against.

(iii) You are a nation that permits the production, trading and usage of intoxicants. You also permit drugs, and only forbid the trade of them, even though your nation is the largest consumer of them.

(iv) You are a nation that permits acts of immorality, and you consider them to be pillars of personal freedom. You have continued to sink down this abyss from level to level until incest has spread amongst you, in the face of which neither your sense of honour nor your laws object.

Who can forget your President Clinton's immoral acts committed in the official Oval office? After that you did not even bring him to account, other than that he 'made a mistake', after which everything passed with no punishment. Is there a worse kind of event for which your name will go down in history and remembered by nations?

(v) You are a nation that permits gambling in its all forms. The companies practice this as well, resulting in the investments becoming active and the criminals becoming rich.

(vi) You are a nation that exploits women like consumer products or advertising tools calling upon customers to purchase them. You use women to serve passengers, visitors, and strangers to increase your profit margins. You then rant that you support the liberation of women.

(vii) You are a nation that practices the trade of sex in all its forms, directly and indirectly. Giant corporations and establishments are established on this, under the name of art, entertainment, tourism and freedom, and other deceptive names you attribute to it.

(viii) And because of all this, you have been described in history as a nation that spreads diseases that were unknown to man in the past. Go ahead and boast to the nations of man, that you brought them AIDS as a Satanic American Invention.

(xi) You have destroyed nature with your industrial waste and gases more than any other nation in history. Despite this, you refuse to sign the Kyoto agreement so that you can secure the profit of your greedy companies and*industries.

(x) Your law is the law of the rich and wealthy people, who hold sway in their political parties, and fund their election campaigns with their gifts. Behind them stand the Jews, who control your policies, media and economy.

(xi) That which you are singled out for in the history of mankind, is that you have used your force to destroy mankind more than any other nation in history; not to defend principles and values, but to hasten to secure your interests and profits. You who dropped a nuclear bomb on Japan, even though Japan was ready to negotiate an end to the war. How many acts of oppression, tyranny and injustice have you carried out, O callers to freedom?

(xii) Let us not forget one of your major characteristics: your duality in both manners and values; your hypocrisy in manners and principles. All*manners, principles and values have two scales: one for you and one for the others.

(a)The freedom and democracy that you call to is for yourselves and for white race only; as for the rest of the world, you impose upon them your monstrous, destructive policies and Governments, which you call the 'American friends'. Yet you prevent them from establishing democracies. When the Islamic party in Algeria wanted to practice democracy and they won the election, you unleashed your agents in the Algerian army onto them, and to attack them with tanks and guns, to imprison them and torture them - a new lesson from the 'American book of democracy'!!!

(b)Your policy on prohibiting and forcibly removing weapons of mass destruction to ensure world peace: it only applies to those countries which you do not permit to possess such weapons. As for the countries you consent to, such as Israel, then they are allowed to keep and use such weapons to defend their security. Anyone else who you suspect might be manufacturing or keeping these kinds of weapons, you call them criminals and you take military action against them.

(c)You are the last ones to respect the resolutions and policies of International Law, yet you claim to want to selectively punish anyone else who does the same. Israel has for more than 50 years been pushing UN resolutions and rules against the wall with the full support of America.

(d)As for the war criminals which you censure and form criminal courts for - you shamelessly ask that your own are granted immunity!! However, history will not forget the war crimes that you committed against the Muslims and the rest of the world; those you have killed in Japan, Afghanistan, Somalia, Lebanon and Iraq will remain a shame that you will never be able to escape. It will suffice to remind you of your latest war crimes in Afghanistan, in which densely populated innocent civilian villages were destroyed, bombs were dropped on mosques causing the roof of the mosque to come crashing down on the heads of the Muslims praying inside. You are the ones who broke the agreement with the Mujahideen when they left Qunduz, bombing them in Jangi fort, and killing more than 1,000 of your prisoners through suffocation and thirst. Allah alone knows how many people have died by torture at the hands of you and your agents. Your planes remain in the Afghan skies, looking for anyone remotely suspicious.

(e)You have claimed to be the vanguards of Human Rights, and your Ministry of Foreign affairs issues annual reports containing statistics of those countries that violate any Human Rights. However, all these things vanished when the Mujahideen hit you, and you then implemented the methods of the same documented governments that you used to curse. In America, you captured thousands the Muslims and Arabs, took them into custody with neither reason, court trial, nor even disclosing their names. You issued newer, harsher laws.

What happens in Guatanamo is a historical embarrassment to America and its values, and it screams into your faces - you hypocrites, "What is the value of your signature on any agreement or treaty?"

(3) What we call you to thirdly is to take an honest stance with yourselves - and I doubt you will do so - to discover that you are a nation without principles or manners, and that the values and principles to you are something which you merely demand from others, not that which you yourself must adhere to.

(4) We also advise you to stop supporting Israel, and to end your support of the Indians in Kashmir, the Russians against the Chechens and to also cease supporting the Manila Government against the Muslims in Southern Philippines.

(5) We also advise you to pack your luggage and get out of our lands. We desire for your goodness, guidance, and righteousness, so do not force us to send you back as cargo in coffins.

(6) Sixthly, we call upon you to end your support of the corrupt leaders in our countries. Do not interfere in our politics and method of education. Leave us alone, or else expect us in New York and Washington.

(7) We also call you to deal with us and interact with us on the basis of mutual interests and benefits, rather than the policies of sub dual, theft and occupation, and not to continue your policy of supporting the Jews because this will result in more disasters for you.

If you fail to respond to all these conditions, then prepare for fight with the Islamic Nation. The Nation of Monotheism, that puts complete trust on Allah and fears none other than Him. The Nation which is addressed by its Quran with the words: "Do you fear them? Allah has more right that you should fear Him if you are believers. Fight against them so that Allah will punish them by your hands and disgrace them and give you victory over them and heal the breasts of believing people. And remove the anger of their (believers') hearts. Allah accepts the repentance of whom He wills. Allah is All-Knowing, All-Wise." [Quran9:13-1]

The Nation of honour and respect:

"But honour, power and glory belong to Allah, and to His Messenger (Muhammad- peace be upon him) and to the believers." [Quran 63:8]

"So do not become weak (against your enemy), nor be sad, and you will be*superior ( in victory )if you are indeed (true) believers" [Quran 3:139]

The Nation of Martyrdom; the Nation that desires death more than you desire life:

"Think not of those who are killed in the way of Allah as dead. Nay, they are alive with their Lord, and they are being provided for. They rejoice in what Allah has bestowed upon them from His bounty and rejoice for the sake of those who have not yet joined them, but are left behind (not yet martyred) that on them no fear shall come, nor shall they grieve. They rejoice in a grace and a bounty from Allah, and that Allah will not waste the reward of the believers." [Quran 3:169-171]

The Nation of victory and success that Allah has promised:

"It is He Who has sent His Messenger (Muhammad peace be upon him) with guidance and the religion of truth (Islam), to make it victorious over all other religions even though the Polytheists hate it." [Quran 61:9]

"Allah has decreed that 'Verily it is I and My Messengers who shall be victorious.' Verily Allah is All-Powerful, All-Mighty." [Quran 58:21]

The Islamic Nation that was able to dismiss and destroy the previous evil Empires like yourself; the Nation that rejects your attacks, wishes to remove your evils, and is prepared to fight you. You are well aware that the Islamic Nation, from the very core of its soul, despises your haughtiness and arrogance.

If the Americans refuse to listen to our advice and the goodness, guidance and righteousness that we call them to, then be aware that you will lose this Crusade Bush began, just like the other previous Crusades in which you were humiliated by the hands of the Mujahideen, fleeing to your home in great silence and disgrace. If the Americans do not respond, then their fate will be that of the Soviets who fled from Afghanistan to deal with their military defeat, political breakup, ideological downfall, and economic bankruptcy.

This is our message to the Americans, as an answer to theirs. Do they now know why we fight them and over which form of ignorance, by the permission of Allah, we shall be victorious?

@ dfa02707:41ca50e3

Contribute 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.

Announcement
GitHub Repo
Protocol Spec

@ b1ddb4d7:471244e7

Starting January 1, 2026, the United Kingdom will impose some of the world’s most stringent reporting requirements on cryptocurrency firms.

All platforms operating in or serving UK customers-domestic and foreign alike-must collect and disclose extensive personal and transactional data for every user, including individuals, companies, trusts, and charities. 

This regulatory drive marks the UK’s formal adoption of the OECD’s Crypto-Asset Reporting Framework (CARF), a global initiative designed to bring crypto oversight in line with traditional banking and to curb tax evasion in the rapidly expanding digital asset sector.

What Will Be Reported?

Crypto firms must gather and submit the following for each transaction:

• User’s full legal name, home address, and taxpayer identification number
• Detailed data on every trade or transfer: type of cryptocurrency, amount, and nature of the transaction
• Identifying information for corporate, trust, and charitable clients

The obligation extends to all digital asset activities, including crypto-to-crypto and crypto-to-fiat trades, and applies to both UK residents and non-residents using UK-based platforms. The first annual reports covering 2026 activity are due by May 31, 2027.

Enforcement and Penalties

Non-compliance will carry stiff financial penalties, with fines of up to £300 per user account for inaccurate or missing data-a potentially enormous liability for large exchanges. The UK government has urged crypto firms to begin collecting this information immediately to ensure operational readiness.

Regulatory Context and Market Impact

This move is part of a broader UK strategy to position itself as a global fintech hub while clamping down on fraud and illicit finance. UK Chancellor Rachel Reeves has championed these measures, stating, “Britain is open for business – but closed to fraud, abuse, and instability”. The regulatory expansion comes amid a surge in crypto adoption: the UK’s Financial Conduct Authority reported that 12% of UK adults owned crypto in 2024, up from just 4% in 2021.

Enormous Risks for Consumers: Lessons from the Coinbase Data Breach

While the new framework aims to enhance transparency and protect consumers, it also dramatically increases the volume of sensitive personal data held by crypto firms-raising the stakes for cybersecurity.

The risks are underscored by the recent high-profile breach at Coinbase, one of the world’s largest exchanges.

In May 2025, Coinbase disclosed that cybercriminals, aided by bribed offshore contractors, accessed and exfiltrated customer data including names, addresses, government IDs, and partial bank details. 

The attackers then used this information for sophisticated phishing campaigns, successfully deceiving some customers into surrendering account credentials and funds.

“While private encryption keys remained secure, sufficient customer information was exposed to enable sophisticated phishing attacks by criminals posing as Coinbase personnel.”

Coinbase now faces up to $400 million in compensation costs and has pledged to reimburse affected users, but the incident highlights the systemic vulnerability created when large troves of personal data are centralized-even if passwords and private keys are not directly compromised. The breach also triggered a notable drop in Coinbase’s share price and prompted a $20 million bounty for information leading to the attackers’ capture.

The Bottom Line

The UK’s forthcoming crypto reporting regime represents a landmark in financial regulation, promising greater transparency and tax compliance. However, as the Coinbase episode demonstrates, the aggregation of sensitive user data at scale poses a significant cybersecurity risk.

As regulators push for more oversight, the challenge will be ensuring that consumer protection does not become a double-edged sword-exposing users to new threats even as it seeks to shield them from old ones.

@ dfa02707:41ca50e3

News

• 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

@ dfa02707:41ca50e3

Contribute 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.

Announcement / Archive
GitHub Repo
Website

@ fa0165a0:03397073

Test of untype

Let see what this markdown editor goes for. Quite nice layout, but so far in my testing only usable via computer. On phone, the keyboard covers the writing area, hehe. Now, where do these get published when posted?

@ b1ddb4d7:471244e7

When 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

@ 7f6db517:a4931eda

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.

---

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

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

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

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

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

Current Nostr Stats

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

@ 41fa852b:af7b7706

"Bitcoin is a peaceful revolution." --Alex Gladstein

---

Life is still a bit upside-down after our house move, so I'm running slightly behind schedule this week.

I spent yesterday at Cyphermunk House for Bloom Fest, and it was honestly one of the best days I've had as a Bitcoiner. The range of personalities, the positivity, and the energy were all incredible. Huge credit to Psyfer and his team for making it happen. If you're reading this on Sunday, there's still time to head down for day two--full details here.

It's a quieter week for meetups across the UK and Ireland, but everything that's happening is listed below.

---

Upcoming Bitcoin Meetups

Happening this week…

1. Belfast Bitcoin: Join them on Tuesday the 3rd June, 20:00. These guys meet in person monthly on the first Tuesday of each month at Ormeau Baths Event Space, 18 Ormeau Avenue, Belfast, BT2 8HS, Northern Ireland. 🍻

2. Bitcoin Walk - Edinburgh: Every Saturday they walk around Arthur's Seat in this historic city. Join them at 12 pm to chat about all things Bitcoin and keep fit. 🚶🏽‍♂️🚶🏼‍♀️🚶🏻

3. Bitcoin Derby: On Saturday the 7th June Bitcoin Derby will be at Ye Olde Dolphin, DE1 3DL. 🍺

---

New Businesses Accepting Bitcoin

This week we have…

• Danson Garage: A trusted, independent garage based in Sidcup, DA15 9NP offering honest, high-quality car servicing, repairs and MOTs. Whether it's diagnostics, tyres, brakes or general maintenance, their experienced team provides reliable work at fair prices. They're known for clear communication, quick turnarounds and great customer service, keeping local drivers safely on the road. Now accepting bitcoin. 🚗👨🏻‍🔧
• Pintus Deli: A cherished Italian brasserie, coffee house, and restaurant located at 132 Northcote Road in Wandsworth, South London. Open seven days a week, it offers a delightful menu featuring breakfast, brunch, lunch, and dinner, complemented by freshly brewed coffee, juices, and a selection of wines and cocktails. With its warm ambiance and commitment to fresh, healthy ingredients, Pintus Deli provides a welcoming spot for any meal of the day. Now accepting bitcoin. 🥗🍝
• Stationery Place: Owned by long-established paper specialists John W Adams Ltd, offers a full range of printing, copying, scanning, binding and laminating services, plus custom-made rubber stamps. They stock an extensive selection of specialist paper and card, including their own high-quality range alongside premium brands from top paper companies. With over a century of expertise behind them, Stationery Place is a reliable go-to for both everyday stationery needs and professional print services. Now accepting bitcoin. 🖨️ 📖

---

Upcoming Special Events

These events aren't happening next week, but they're important to add to your calendar now as tickets are selling fast.

Children of Riddim Festival - Bitcoin Stage: This is shaping up to be one of the biggest music festivals with Bitcoin vibes in the world.

Around 150 DJs, artists, and speakers will perform over four days, from 12--16 June, in Hemel Hempstead. A dedicated stage, the Barn of Freedom, will spotlight Bitcoin culture, education, and unstoppable apps on the Nostr protocol--alongside music, talks, and much more.

Support for the Barn of Freedom stage can be given via geyser.fund, where both ticket purchases and donations are welcome. One-day and four-day passes are available, and on-site camping is included.

Confirmed names include Joe Bryan, Metamick (Geyser Fund), Roger9000, Angor, MadMunky, Huxley, and many more.

The Bitcoin Beach Retreat: An annual Bitcoin-only gathering held at a scenic coastal campsite in North Wales. Celebrating its fifth year in 2025, the retreat offers a relaxed, community-driven alternative to traditional conferences. From July 11--14, up to 120 Bitcoiners will come together to share knowledge, enjoy beachside BBQs, and strengthen their networks under the stars. With no pre-booked speakers, the event thrives on peer-led workshops and spontaneous discussions, fostering genuine connections among attendees. Emphasising local engagement, the retreat directs the majority of its funds into the surrounding community, with 42% of expenses paid in Bitcoin last year. Whether attending solo or with family, attendees can expect a welcoming environment dedicated to sound money and shared values.

---

Get Involved

• Volunteer: Passionate about merchant adoption? Reach out to Bridge2Bitcoin on Twitter or website.
• Start a Meetup: Want to launch a Bitcoin meetup? We'll support you. Contact us on Twitter or just reply to this email.
• Contribute to BTCMaps: Help maintain this key Bitcoin resource--no coding skills needed. Update a UK area.
• Telegram: Join our Channel for UK meetup updates
• Feedback: Reply to this email with ideas and suggestions.

---

This week's sponsors is…

---

Get out and support the meetups where you can, visit Bitcoin Events UK for more info on each meetup and to find your closest on the interactive map.

Stay tuned for more updates next week!

Simon.

@ dfa02707:41ca50e3

Contribute 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:

1. Open the app menu sidebar and click Privacy.
2. Toggle the Use Payjoin option.
3. 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.

Announcement
Blog Post / Archive
GitHub Repo

@ dfa02707:41ca50e3

Contribute 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

Announcement / Archive
GitHub Repo

@ c9badfea:610f861a

1. Install Feeder (it's free and open source)
2. Discover RSS feeds from various sources (see links below)
3. Copy the Feed URL
4. Open Feeder, tap the ⁞ icon, and choose Add Feed
5. Paste the Feed URL and tap Search
6. Select the found RSS feed item
7. Scroll down and tap OK

Some Sources

• Podcast Index
• RSS Finder
• Feedspot

ℹ️ You can also use YouTube channel URLs as feeds

@ dfa02707:41ca50e3

News

• 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.

• 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.

• 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

@ 90c656ff:9383fd4e

Since its emergence in 2009, Bitcoin has generated a wide range of success and failure stories. Some of these stories feature people who invested early and reaped the rewards of their foresight, while others highlight the ups and downs that define Bitcoin’s highly volatile market. Over the years, many of these cases have become iconic—serving as both inspiration and cautionary tales for newcomers.

Success stories

01 - Laszlo Hanyecz – The 10,000 Bitcoin Pizza

One of the most legendary stories in Bitcoin’s history involves Laszlo Hanyecz, a programmer from Florida. In 2010, he paid 10,000 bitcoins for two pizzas. At the time, the value was negligible, and the transaction went largely unnoticed. In retrospect, however, those 10,000 bitcoins would be worth hundreds of millions of dollars today.

Though Hanyecz didn’t become rich from this transaction, the story of the “10,000 bitcoin pizza” has become a symbol of Bitcoin’s extraordinary rise in value—and a reminder of how even small holdings in the early days could have been life-changing.

02 - Michael Saylor and MicroStrategy

Michael Saylor, CEO of MicroStrategy, made headlines in 2020 by transforming his company into the first major corporation to invest heavily in Bitcoin. Purchasing over 100,000 bitcoins as a treasury reserve, Saylor positioned Bitcoin as a strategic hedge against inflation and fiat currency devaluation.

Initially met with skepticism, Saylor’s decision turned out to be highly profitable as Bitcoin’s price soared. His bold move inspired other corporations and institutional investors to consider Bitcoin, and he remains one of the cryptocurrency’s most vocal advocates in the business world.

Failure Stories

01 - James Howells – The Lost 8,000 Bitcoins

James Howells, an IT professional from Wales, accidentally discarded a hard drive in 2013 containing the private keys to 8,000 mined bitcoins—worth only a few thousand pounds at the time. As Bitcoin's value skyrocketed, he attempted to recover the drive from a landfill, but was denied permission by local authorities.

This story has become a powerful lesson in crypto security and the consequences of lost private keys. Despite multiple campaigns to dig up the landfill, the bitcoins remain unrecovered.

02 - Mt. Gox Collapse – The Fall of a Giant

At its peak, Mt. Gox was the largest Bitcoin exchange in the world. In 2014, it collapsed after losing about 850,000 bitcoins—worth over $450 million at the time—due to hacking, internal security failures, and poor management.

The exchange’s failure devastated thousands of investors and highlighted the vulnerabilities in early crypto infrastructure. Though some funds were later recovered, the Mt. Gox disaster remains one of Bitcoin’s darkest moments and a turning point for the push toward greater security and transparency in the crypto industry.

• The impact of volatility and adoption

These stories reflect the unpredictable and high-risk nature of the Bitcoin market. The same volatility that has made millionaires has also led to substantial losses. While some view Bitcoin as a path to financial freedom and a hedge against inflation, others have suffered from poor planning, mismanagement, or unfortunate timing.

Bitcoin’s growing adoption, especially in emerging markets and among institutional players and shows its increasing legitimacy, as an alternative to traditional finance. However, exchange failures and lost fortunes underscore the need for robust infrastructure, personal responsibility, and long-term thinking.

In summary, success and failure are two sides of the same coin in the world of Bitcoin. From life-changing gains to heartbreaking losses, these stories illustrate the risks and rewards of participating in a young and volatile market. Whether as a cautionary tale or a source of inspiration, they emphasize the importance of education, security, and strategy for anyone engaging with this revolutionary form of money.

Thank you very much for reading this far. I hope everything is well with you, and sending a big hug from your favorite Bitcoiner maximalist from Madeira. Long live freedom!

@ 7f6db517:a4931eda

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

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

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

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

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

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

Current Nostr Stats

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

@ 106de8d9:a99be73f

For those who like to be first and make money https://t.me/edchess_bot/web3?startapp=ref-link=mTLuwhkSLyYJ

@ dfa02707:41ca50e3

Good 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

@ 35f80bda:406855c0

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.

If two parties have some sort of dealings, then each has a memory of their interaction. Each party can speak about their own memory of this; how could anyone prevent it? One could pass laws against it, but the freedom of speech, even more than privacy, is fundamental to an open society; we seek not to restrict any speech at all. If many parties speak together in the same forum, each can speak to all the others and aggregate together knowledge about individuals and other parties. The power of electronic communications has enabled such group speech, and it will not go away merely because we might want it to.

Since we desire privacy, we must ensure that each party to a transaction have knowledge only of that which is directly necessary for that transaction. Since any information can be spoken of, we must ensure that we reveal as little as possible. In most cases personal identity is not salient. When I purchase a magazine at a store and hand cash to the clerk, there is no need to know who I am. When I ask my electronic mail provider to send and receive messages, my provider need not know to whom I am speaking or what I am saying or what others are saying to me; my provider only need know how to get the message there and how much I owe them in fees. When my identity is revealed by the underlying mechanism of the transaction, I have no privacy. I cannot here selectively reveal myself; I must always reveal myself.

Therefore, privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system. An anonymous transaction system is not a secret transaction system. An anonymous system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy.

Privacy in an open society also requires cryptography. If I say something, I want it heard only by those for whom I intend it. If the content of my speech is available to the world, I have no privacy. To encrypt is to indicate the desire for privacy, and to encrypt with weak cryptography is to indicate not too much desire for privacy. Furthermore, to reveal one's identity with assurance when the default is anonymity requires the cryptographic signature.

We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence. It is to their advantage to speak of us, and we should expect that they will speak. To try to prevent their speech is to fight against the realities of information. Information does not just want to be free, it longs to be free. Information expands to fill the available storage space. Information is Rumor's younger, stronger cousin; Information is fleeter of foot, has more eyes, knows more, and understands less than Rumor.

We must defend our own privacy if we expect to have any. We must come together and create systems which allow anonymous transactions to take place. People have been defending their own privacy for centuries with whispers, darkness, envelopes, closed doors, secret handshakes, and couriers. The technologies of the past did not allow for strong privacy, but electronic technologies do.

We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.

Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can't get privacy unless we all do, we're going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don't much care if you don't approve of the software we write. We know that software can't be destroyed and that a widely dispersed system can't be shut down.

Cypherpunks deplore regulations on cryptography, for encryption is fundamentally a private act. The act of encryption, in fact, removes information from the public realm. Even laws against cryptography reach only so far as a nation's border and the arm of its violence. Cryptography will ineluctably spread over the whole globe, and with it the anonymous transactions systems that it makes possible.

For privacy to be widespread it must be part of a social contract. People must come and together deploy these systems for the common good. Privacy only extends so far as the cooperation of one's fellows in society. We the Cypherpunks seek your questions and your concerns and hope we may engage you so that we do not deceive ourselves. We will not, however, be moved out of our course because some may disagree with our goals.

The Cypherpunks are actively engaged in making the networks safer for privacy. Let us proceed together apace.

Onward.

Eric Hughes hughes@soda.berkeley.edu

9 March 1993

@ dfa02707:41ca50e3

Contribute 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 to sparrowwallet and sparrowserver 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 to sparrowwallet or sparrowserver, and in some cases you may need to manually uninstall the original sparrow 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

Announcement / Archive
GitHub Repo

@ a10260a2:caa23e3e

In this post, you’ll see how easy it is to consolidate some UTXOs. Hopefully this’ll give you the confidence to try it out whenever fees are low. It’s super simple and can be done in two steps!

Step 1

Go to your wallet and grab a receive address. As you can see, this wallet has two UTXOs.

Step 2

Once you have a receive address, send the max amount in your wallet to it (i.e. you’ll be sending to yourself). What you’ll receive is your all your bitcoin back minus the network fee. In this case, the cost was 900 sats.

That’s it.

Next time, when you go to Send > Coin Control, you’ll see that you have one large UTXO instead of one large and one small.

@ 8bad92c3:ca714aa5

Key Takeaways

Dr. Jack Kruse returns in this fiery episode to expose what he alleges is a coordinated campaign by Big Pharma, technocrats, and global elites to control public health narratives and financial systems through manipulated health policies and propaganda. He accuses figures like Calli and Casey Means of fronting a compromised "Maha Movement," backed by A16Z, Big Tech, and the World Economic Forum, with ambitions to embed themselves into U.S. health policy and bioweapons programs. Kruse details his covert efforts to expose these connections, claiming they led to the withdrawal of Casey Means' Surgeon General nomination, and warns of a looming biotechnocratic surveillance state where mRNA vaccines act as bioweapons to enforce compliance. Urging Bitcoiners to expand their fight for sovereignty beyond finance into healthcare and biology, Kruse argues that the true war is over time sovereignty—not just monetary freedom—and that protecting children from vaccine harms is now the most urgent front in this escalating battle.

Best Quotes

"Bitcoin is worthless if you have no time."

"We’re not playing games here. This is to the death."

"Big Pharma is just the drug dealer. The real boss is the Department of Defense and DARPA."

"The real battle in D.C. isn’t left vs. right, it’s Rothschilds and Rockefellers vs. the technocrats."

"First principle Bitcoiners need to become first principle decentralizers of life itself."

Conclusion

This episode delivers a provocative call to action from Dr. Jack Kruse, who warns that the fight for sovereignty must go beyond finance to confront what he sees as the immediate threat of centralized bio-surveillance through mRNA vaccines. Blending insider claims with health activism, Kruse urges Bitcoiners and the public to recognize that true freedom requires decentralizing not only money but also healthcare and information systems, arguing that without protecting biological sovereignty, Bitcoin’s promise of liberty will be meaningless if people are left physically, mentally, or politically compromised.

Timestamps

0:00 - Intro
0:47 - Outlining MAHA infiltration
22:59 - Fold & Bitkey
24:35- Danger to children
28:27 - Political shell game
35:40 - Unchained
36:09 - Time theft
41:07 - Vax data
46:32 - Bioweapon and control system
58:29 - Game plan - Decentralized yourself
1:15:16 - Priorities
1:24:30 - Support Mary Talley Bowden

Transcript

(00:00) me, Larry Leard, those kind of Bitcoiners, the people that are out there that have money, like they're looking to take us out. You need to know a little bit about the back history that I don't think I've talked about anywhere on any other podcast. Rick Callie is linked to the current administration is through Susie Watts.
(00:17) They both were working at Mercury PR basically is the frontman for propaganda for Big Farm. Basically, who pays you? You become their [ __ ] We're not playing games here. This is to the death. This is the biggest issue facing Maha now. It's not Froot Loops. It's not red dye. But the messenger RA job can drop you like Demar Handler.
(00:40) Can end your career like JJ Watt. Dr. Jack Cruz, welcome back to the show. Thank you, sir, for having me. Well, thank you for being here. I mean, you're making a lot of noise around a topic that I wasn't well aware of. I'm not going to lie. I think I got duped by or we'll find out if I actually got duped by the meanses. Cali means was coming in last year talking big about Maja getting the food correct.
(01:15) Um, basically telling the story of him being a lobbyist and understanding how corrupt the food system is. And we talked about it last time we were on two months ago. this sort of maha movement has shifted towards focusing on preventative care particularly in diets and you were on the Danny Danny Jones show late last year with Cali means uh sort of pressuring him to admit that the vaccine should be pulled off the market and he did not did not bite and would not budge on that and now his sister Casey has been appointed to surgeon general and
(01:50) this is something Let me let me tell you a little bit about that because you need to know a little bit about the back history that I don't think I've talked about anywhere on any other podcast. She was going to be named surgeon general uh back then. Just so you know that I knew it and I knew quite a bit of other things.
(02:16) So what was my goal? I knew um that Cali and Casey were tied to big tech. They were tied specifically, which you'll be interested in, A16Z, the shitcoiners extraordinaire, and they were also tied to the World Economic Forum through the book deal. Um, so my goal at that time as part of the person that was big in the mob like, and Marty, I don't know if you know this back part of the story.
(02:46) Maha begins not with Casey and Cali and Bobby Kennedy. It began with me, Bobby, and Rick Rubin on Rick's podcast the day that I told RFK Jr. that SV40 was in the Fiser Jabs. Mhm. And that's when Bobby found out that I wrote the law for Blly for a constitutional amendment for medical freedom. And he asked me to use four pages of the law.
(03:13) And Blly cleared me to do that. And then Aaron Siri, who was Bobby's attorney and working with a lot of the stuff that Bobby does with vaccines and I can Aaron contacted me. So just so you're clear, this is two and a half years ago. This is before this is a year previous to Casey and Cali coming on the scene. And I was always behind the scenes.
(03:37) I was not really interested in getting involved um in the [ __ ] show. But when I saw these two show up, the way they showed up and when I heard Cali actually say on a podcast that, you know, he was the modus operande of the Maha movement and he's the one that brought Bobby and Trump together.
(04:02) I said, "That's where I draw a [ __ ] line." I'm like, "Uh-uh. These guys, I know exactly what they're going to do. I see the game plan. they're going to use a shell game and I needed to have proof before you can come out and be a savage. You got to have proof. So, I hired three former Secret Service agents to actually do a very deep dive.
(04:24) We're talking about the kind of dive that you would get uh if you were going for a Supreme Court nomination. Okay? It cost me a lot of money. And why did I think it was important? Because as you know, you know, as a Bitcoiner, you just saw the big scam that happened with Maya Paribu down in Cerninam that happened after.
(04:49) Well, when I hired these guys, when all of my research that I had done was confirmed by them, I said, "Okay, now we need to go on a podcast very publicly and we need to put Cali's feet to the fire." Why? because I knew and he did not know that I knew this prior to the podcast. Uh that his sister was going to be nominated for surgeon general then.
(05:14) And because he didn't know and you you'll be able to confirm this or the savages in your audience can confirm this with Danny Jones. Do you know that Cali cancelled the podcast to do it into uh February? Yeah. Well, I think it was April of 25 because he didn't want to give anybody the time and day.
(05:37) So, what did I start doing? I started posting some of the information back in November that I found and the links to the Wjikis and the links to Bin, the links to A16Z. I didn't didn't give a ton of the information, but let's just put it this way. enough to make Callie and Cassie scream a little bit that people in DC started to read all my tweets.
(06:04) And then he called Danny up and said, "Danny, I want to do this podcast immediately." And I knew the reason why. Cuz I was baiting him to come so I could hit him with the big stuff. Why? Because you have to understand these two kids, you know, tied to the Rockefellers. They're tied to the banking elite.
(06:26) They're tied to the World Economics Form. Rick Callie is linked to the current administration is through Susie Watts. They both were working at Mercury PR and uh Mercury PR uh basically is the frontman for propaganda for Big Farm and everybody knows that, but not everybody knew that Cali worked for them.
(06:50) And you know the story that he sold all you guys, how he fooled you. And I consider you a smart guy, a savage, it's not shocking how he fooled you because he said as a um a lobbyist basically who pays you, you become their [ __ ] to to be quite honest and you'll say things that will make sense. Everybody in creation who's going to watch your podcast knows that all the things that Casey and Cali have said have been said literally for 30, 40, 50 years going all the way back to probably Anel Peas about diet and exercise.
(07:25) Everybody [ __ ] knows that. It's not new. They just decided to repackage it up and then they actually got in Bobby's ear about it. And when I released all this stuff, did Bobby know what I had? Yeah, he knew. And did the people in DC all what all their antennas up about this issue? Who was most pissed off with Uncle Jack back then? Susie [ __ ] Walls.
(07:56) Why? because those two are her babies that were going to be the amber that Susie Cassidy Cassidy Big Farmer were going to place around um Bobby Kennedy once he got confirmed. And that's why for the savages that are listening to this podcast, you go back and look at Nicole's tweet from, you know, I guess it was about four or five days ago that this didn't make sense.
(08:20) Why? because I gave the data directly to the people in DC behind the scenes of what was really going on and because it was so explosive. That's the reason Susie had to not give the job to Casey Means. She had to wait till the heat died down. So they elevated Janette and Janette bas

@ dfa02707:41ca50e3

• 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 in docker-node.conf.
  • Processing incoming transactions from Soroban network can be deactivated by setting NODE_PANDOTX_PROCESS=off in docker-node.conf.
• 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 deprecated explorer field in the Dojo pairing payload. Although still present, API consumers should use this endpoint for explorer and other pairing data.

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.

#FREESAMOURAI

Learn how to set up and use your own Bitcoin privacy node with Dojo here.

Announcement / Archive
GitHub Repo

@ 8d34bd24:414be32b

Many people today believe that the church has replaced Israel and that the promises given to Israel now apply to the church. When we say this, we are calling God a liar.

Can you imagine a groom promising to love and cherish his wife until death do they part and then saying, “I’m keeping my promise by loving and cherishing a new and different wife.”? We would never consider that man to be honest, faithful, and good. If God promised to protect and guide Israel, to have a descendant of David on the throne, and to give them the land, we can only trust Him if He fulfills these promises.

When we say the church has replaced Israel, we make two mistakes. We raise up the church beyond what is right and we put down Israel. We need to be careful because God promised Abraham:

“And I will bless those who bless you, And the one who curses you I will curse. And in you all the families of the earth will be blessed.” (Genesis 12:3)

and He reiterated this promise to Israel during the Exodus:

“He couches, he lies down as a lion,\ And as a lion, who dares rouse him?\ Blessed is everyone who blesses you [Israel],\ And cursed is everyone who curses you [Israel].” (Numbers 24:9) {clarification mine}

When we curse Israel or the Jews, we will be under God’s curse. Now this does not mean that every criticism of a particular action by Israel’s leaders brings a curse. Today’s nation of Israel is led by fallible men like every other nation, so there are mistakes made or corruption by particular leaders. It does, however, mean that generalizations against Israel and the Jews are wrong and of Satan.

Paul specifically warned the church against thinking they had replaced Israel in God’s blessing and love.

If the first piece of dough is holy, the lump is also; and if the root is holy, the branches are too.

But if some of the branches were broken off, and you, being a wild olive, were grafted in among them and became partaker with them of the rich root of the olive tree, do not be arrogant toward the branches; but if you are arrogant, remember that it is not you who supports the root, but the root supports you. You will say then, “Branches were broken off so that I might be grafted in.” Quite right, they were broken off for their unbelief, but you stand by your faith. Do not be conceited, but fear; for if God did not spare the natural branches, He will not spare you, either. Behold then the kindness and severity of God; to those who fell, severity, but to you, God’s kindness, if you continue in His kindness; otherwise you also will be cut off. And they also, if they do not continue in their unbelief, will be grafted in, for God is able to graft them in again. For if you were cut off from what is by nature a wild olive tree, and were grafted contrary to nature into a cultivated olive tree, how much more will these who are the natural branches be grafted into their own olive tree?

For I do not want you, brethren, to be uninformed of this mystery—so that you will not be wise in your own estimation—that a partial hardening has happened to Israel until the fullness of the Gentiles has come in; and so all Israel will be saved; just as it is written,

“The Deliverer will come from Zion,\ He will remove ungodliness from Jacob.”\ “This is My covenant with them,\ When I take away their sins.” *From the standpoint of the gospel they are enemies for your sake, but from the standpoint of God’s choice they are beloved for the sake of the fathers*; for the gifts and the calling of God are irrevocable**. For just as you once were disobedient to God, but now have been shown mercy because of their disobedience, so these also now have been disobedient, that because of the mercy shown to you they also may now be shown mercy. For God has shut up all in disobedience so that He may show mercy to all. (Romans 11:16-32) {emphasis mine}

Paul warns that although the Jews were pruned away due to rejection of Him and gentiles were grafted into Him by faith, if we reject God’s word, we can be pruned away and if the Jews return to Jesus, they can be grafted back in. He predicts that the Jews will return. “…that a partial hardening has happened to Israel until the fullness of the Gentiles has come in; and so all Israel will be saved.” He also says regarding Israel that “the gifts and the calling of God are irrevocable.” Yes, Israel rejected Jesus and was punished for doing so, but they will be called back to God and trust in their Messiah, Jesus. In the end, all the promises of God to Abraham, Jacob, David, and others regarding Israel, will be brought to complete fulfillment.

Both the Old and New Testaments talk about Israel being punished for rejecting God and their Messiah, but that, after the time of the Gentiles, they will be called back to Him.

and they will fall by the edge of the sword, and will be led captive into all the nations; and Jerusalem will be trampled under foot by the Gentiles until the times of the Gentiles are fulfilled. (Luke 21:24)

After Daniel had been in prayer and repentance for the sins of Israel, the angel Gabriel came with this prophecy about Israel.

“Seventy weeks have been decreed for your people and your holy city, to finish the transgression, to make an end of sin, to make atonement for iniquity, to bring in everlasting righteousness, to seal up vision and prophecy and to anoint the most holy place. So you are to know and discern that from the issuing of a decree to restore and rebuild Jerusalem until Messiah the Prince there will be seven weeks and sixty-two weeks; it will be built again, with plaza and moat, even in times of distress. Then after the sixty-two weeks the Messiah will be cut off and have nothing, and the people of the prince who is to come will destroy the city and the sanctuary. And its end will come with a flood; even to the end there will be war; desolations are determined. (Daniel 9:24-26)

In this prophecy, the prediction of 69 weeks (literally sevens, but meaning groups of 7 years) from the decree to rebuild Jerusalem (by Artaxerxes) to the Messiah was fulfilled to the day when Jesus rode into Jerusalem on a donkey on Palm Sunday.

I always thought it strange that the prophecy predicted 70 sevens and that there was the first 69 sevens (483 years), then \~2,000 years where nothing happens, and then comes the final seven — the Great Tribulation. It didn’t make sense until I realized, the 70 sevens referred to the years of Israel. The time of the gentiles intervenes between the 69th and 70th sevens. This delay happened due to Israel rejecting their Messiah.

When He approached Jerusalem, He saw the city and wept over it, saying, “If you had known in this day, even you, the things which make for peace! But now they have been hidden from your eyes. For the days will come upon you when your enemies will throw up a barricade against you, and surround you and hem you in on every side, and they will level you to the ground and your children within you, and they will not leave in you one stone upon another, because you did not recognize the time of your visitation.” (Luke 19:41-44)

We are now in the time of the Gentiles, the church age, the intermission in the story of Israel. After the church is raptured, the story will return to Israel. The Jews (at least many of them) will finally accept their Messiah. They will suffer through the Tribulation while witnessing to the world and then God will finally fully fulfill His promises to Israel through the Millennial kingdom.

Alas! for that day is great,\ There is none like it;\ And it is the time of Jacob’s distress,\ But he will be saved from it.

‘It shall come about on that day,’ declares the Lord of hosts, ‘that I will break his yoke from off their neck and will tear off their bonds; and strangers will no longer make them their slaves. But they shall serve the Lord their God and David their king, whom I will raise up for them.

Fear not, O Jacob My servant,’ declares the Lord,\ ‘And do not be dismayed, O Israel;\ For behold, I will save you from afar\ And your offspring from the land of their captivity.\ And Jacob will return and will be quiet and at ease,\ And no one will make him afraid.\ For I am with you,’ declares the Lord, ‘to save you;\ For I will destroy completely all the nations where I have scattered you,\ Only I will not destroy you completely.\ But I will chasten you justly\ And will by no means leave you unpunished.’ \ (Jeremiah 30:7-11) {emphasis mine}

Jacob’s distress is the final Tribulation. The 144,000 Jewish witnesses will be saved through the whole Tribulation. Others may become saved and die a martyrs death, but they will then be brought into the millennial kingdom where the Messiah will fill the throne of David and Israel will reach from the River to the Sea.

The Jews have already been saved “from afar, and your offspring from the land of their captivity” with the recreation of Israel in 1947 and the continual return of Jews to their homeland.

God is working to fulfill His promises to Israel and His work is nearly complete.

“O Jacob My servant, do not fear,” declares the Lord, “For I am with you. For I will make a full end of all the nations where I have driven you, Yet I will not make a full end of you; But I will correct you properly And by no means leave you unpunished.” (Jeremiah 46:28)

God promises a “full end of all the nations where I have driven you.” Those nations and people who try to destroy Israel will be destroyed. As Christians we should love what God loves, and despite Israel’s repeated betrayals, God still loves Israel, so we should, too.

May the God of heaven give us a right view of Israel. May we see them as God sees them. May God use us to share the Gospel in such a way as to lead to a harvest of Jews for the Kingdom of God. To God be the glory!

Trust Jesus

@ 005bc4de:ef11e1a2

LUV and Hivebits/HBIT/Wusang pause tl;dr LUV and HBIT (aka, Hivebits and the Wusang game) are on a pause at the moment, taking a break. https://files.peakd.com/file/peakd-hive/crrdlx/23x1SY8Vx8j1mVGnDFtq7ebuzKNGd8K9Ssex51AEerxks1VYikxGPShM7bjNhmSrEZ2wf.png Image from pixabay.com Why? There are odd things going on. I have a theory, but here's what is known... May 28, 2025, at about 1:30 pm GMT (8:30 AM EDT), a second attack (for lack of better term) hit HBIT in about a week. It seemed to start with @tyler45 with this comment https://peakd.com/blog/@tyler45/comment-20250528125108033 tx: https://he.dtools.dev/tx/7e7d4126196ca5b6dbe0a04dcded0e25d3bcc7f4 See tyler45's activity at https://he.dtools.dev/@tyler45 Notice the reply and WUSANG command is to a post by @olivia897 and how many of the other WUSANG comments on the explorer are in reply to olivia897. It seems these are all auto-generated accounts. The names and "birthdates" and interactions all point to automation. Once initiated, things happened very fast on the back end, clearly not being done manually. In this way, this seems rather sophisticated technically. I estimate just over 400 HBIT were pilfered the other day from the @Hivebits account before I noticed and was able to shut things down. Just for a little background, after the first attack May 21, 2025. I wrote a small bit of info: https://peakd.com/hivebits/@crrdlx/hbit-resource-credits A couple of days ago this post by @holoz0r was interesting: https://peakd.com/hive-133987/@holoz0r/text-analytics-reveal-thirty-two-percent-of-comments-on-hive-are-not-unique-and-at-least-ten-percent-add-no-value-to-discussion The thing that caught my eye was that the WUSANG comment was the largest by far, along with BBH (hello @bradleyarrow), because the attackers used both commands. Then, a few days later, things happened again: sudden start, repetitive bot attack, until I shut things down. So, a pause This is a period in my personal calendar where I simply don't have time to sit down at a computer for an extended period and try fiddle with this stuff. So, for now @Luvshares and @Hivebits (HBIT) and the @Wusang game are on hold. Plus, there's other fun stuff to do. https://files.peakd.com/file/peakd-hive/crrdlx/AJL43SREA1EuyqPXhydmqaq1RHhRVoYd12PfiBN5vDMu2WSKUtGeYWgKJyuRwV8.jpg I go by @crrdlx or "CR" for short. See all my links or contact info at https://linktr.ee/crrdlx.

Originally posted on Hive at https://peakd.com/@crrdlx/luv-and-hivebitshbitwusang-pause

Auto cross-post via Hostr v0.1.48 (br) at https://hostr-home.vercel.app

@ 8bad92c3:ca714aa5

Marty's Bent

It's been a pretty historic week for the United States as it pertains to geopolitical relations in the Middle East. President Trump and many members of his administration, including AI and Crypto Czar David Sacks and Treasury Secretary Scott Bessent, traveled across the Middle East making deals with countries like Qatar, Saudi Arabia, the United Arab Emirates, Syria, and others. Many are speculating that Iran may be included in some behind the scenes deal as well. This trip to the Middle East makes sense considering the fact that China is also vying for favorable relationships with those countries. The Middle East is a power player in the world, and it seems pretty clear that Donald Trump is dead set on ensuring that they choose the United States over China as the world moves towards a more multi-polar reality.

Many are calling the events of this week the Riyadh Accords. There were many deals that were struck in relation to artificial intelligence, defense, energy and direct investments in the United States. A truly prolific power play and demonstration of deal-making ability of Donald Trump, if you ask me. Though I will admit some of the numbers that were thrown out by some of the countries were a bit egregious. We shall see how everything plays out in the coming years. It will be interesting to see how China reacts to this power move by the United States.

While all this was going on, there was something happening back in the United States that many people outside of fringe corners of FinTwit are not talking about, which is the fact that the 10-year and 30-year U.S. Treasury bond yields are back on the rise. Yesterday, they surpassed the levels of mid-April that caused a market panic and are hovering back around levels that have not been seen since right before Donald Trump's inauguration.

I imagine that there isn't as much of an uproar right now because I'm pretty confident the media freakouts we were experiencing in mid-April were driven by the fact that many large hedge funds found themselves off sides of large levered basis trades. I wouldn't be surprised if those funds have decreased their leverage in those trades and bond yields being back to mid-April levels is not affecting those funds as much as they were last month. But the point stands, the 10-year and 30-year yields are significantly elevated with the 30-year approaching 5%. Regardless of the deals that are currently being made in the Middle East, the Treasury has a big problem on its hands. It still has to roll over many trillions worth of debt over over the next few years and doing so at these rates is going to be massively detrimental to fiscal deficits over the next decade. The interest expense on the debt is set to explode in the coming years.

On that note, data from the first quarter of 2025 has been released by the government and despite all the posturing by the Trump administration around DOGE and how tariffs are going to be beneficial for the U.S. economy, deficits are continuing to explode while the interest expense on the debt has definitively surpassed our annual defense budget.

via Charlie Bilello

via Mohamed Al-Erian

To make matters worse, as things are deteriorating on the fiscal side of things, the U.S. consumer is getting crushed by credit. The 90-plus day delinquency rates for credit card and auto loans are screaming higher right now.

via TXMC

One has to wonder how long all this can continue without some sort of liquidity crunch. Even though equities markets have recovered from their post-Liberation Day month long bear market, I would not be surprised if what we're witnessing is a dead cat bounce that can only be continued if the money printers are turned back on. Something's got to give, both on the fiscal side and in the private markets where the Common Man is getting crushed because he's been forced to take on insane amounts of debt to stay afloat after years of elevated levels of inflation. Add on the fact that AI has reached a state of maturity that will enable companies to replace their current meat suit workers with an army of cheap, efficient and fast digital workers and it isn't hard to see that some sort of employment crisis could be on the horizon as well.

Now is not the time to get complacent. While I do believe that the deals that are currently being made in the Middle East are probably in the best interest of the United States as the world, again, moves toward a more multi-polar reality, we are facing problems that one cannot simply wish away. They will need to be confronted. And as we've seen throughout the 21st century, the problems are usually met head-on with a money printer.

I take no pleasure in saying this because it is a bit uncouth to be gleeful to benefit from the strife of others, but it is pretty clear to me that all signs are pointing to bitcoin benefiting massively from everything that is going on. The shift towards a more multi-polar world, the runaway debt situation here in the United States, the increasing deficits, the AI job replacements and the consumer credit crisis that is currently unfolding, All will need to be "solved" by turning on the money printers to levels they've never been pushed to before.

Weird times we're living in.

China's Manufacturing Dominance: Why It Matters for the U.S.

In my recent conversation with Lyn Alden, she highlighted how China has rapidly ascended the manufacturing value chain. As Lyn pointed out, China transformed from making "sneakers and plastic trinkets" to becoming the world's largest auto exporter in just four years. This dramatic shift represents more than economic success—it's a strategic power play. China now dominates solar panel production with greater market control than OPEC has over oil and maintains near-monopoly control of rare earth elements crucial for modern technology.

"China makes like 10 times more steel than the United States does... which is relevant in ship making. It's relevant in all sorts of stuff." - Lyn Alden

Perhaps most concerning, as Lyn emphasized, is China's financial leverage. They hold substantial U.S. assets that could be strategically sold to disrupt U.S. treasury market functioning. This combination of manufacturing dominance, resource control, and financial leverage gives China significant negotiating power in any trade disputes, making our attempts to reshoring manufacturing all the more challenging.

Check out the full podcast here for more on Triffin's dilemma, Bitcoin's role in monetary transition, and the energy requirements for rebuilding America's industrial base.

Headlines of the Day

Financial Times Under Fire Over MicroStrategy Bitcoin Coverage - via X

Trump in Qatar: Historic Boeing Deal Signed - via X

Get our new STACK SATS hat - via tftcmerch.io

Johnson Backs Stock Trading Ban; Passage Chances Slim - via X

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@ 502ab02a:a2860397

ไม่ต้องคาดหวังวิชาการมากๆในวันอาทิตย์ก็ได้นะครับ วันนี้เรามาคุยเรื่องแดดในอีกแบบกันบ้าง เพราะเห็นว่าช่วงนี้ฝนตกบ่อยจนบางทีก็มีแดดมาให้ตากแค่แว๊บเดียวจริงๆ แต่มันเป็นแว๊บที่ทำให้นึกอะไรขึ้นมาได้ครับ

เฮียชอบมองฟ้าเวลาฝนหยุดตกใหม่ๆ ฟ้ายังไม่ใสสนิท แต่มีแสงอ่อนๆ ทะลุเมฆบางๆ แดดแบบนี้แหละที่มักจะพา “รุ้งกินน้ำ” มาวิ่งเล่นกลางท้องฟ้า

สมัยก่อนเคยสงสัยว่า แค่แสงผ่านหยดน้ำในอากาศ ทำไมถึงแยกสีได้เจ็ดเฉดแบบนั้น จนวันหนึ่งเฮียได้รู้ว่า หยดน้ำเล็กๆ เหล่านั้น ไม่ใช่แค่ “ใส” แต่ทำหน้าที่เหมือน “เลนส์” อย่างดีของธรรมชาติ เป็นเลนส์ที่รวมแสง กระจายแสง หักเหแสง แล้วเปลี่ยนพลังธรรมดาให้กลายเป็นภาพมหัศจรรย์บนฟ้า

และนั่นแหละที่ทำให้เฮียเริ่มสงสัยต่อว่า...มันจะเป็นไปได้ไหม ที่หยดน้ำจะสร้าง “ไฟ” จากแสงแดดได้จริงๆ? คำตอบคือ ได้จ้ะ 55555

ในฟิสิกส์ เราเรียกปรากฏการณ์นี้ว่า focusing of light หรือการรวมแสง ซึ่งสามารถเกิดขึ้นได้จริงแม้ผ่านเลนส์ธรรมชาติอย่างหยดน้ำ หรือแม้แต่ไอน้ำบางๆ ที่ล่องลอยอยู่ในอากาศ พลังงานแสงที่รวมผ่านเลนส์แบบนี้ อาจมีความร้อนพอจุดไฟติดได้เลยทีเดียว เช่น ไฟไหม้ที่เริ่มจากแว่นขยาย หรือจากกระจกเว้าสะท้อนแดด ก็ล้วนใช้หลักเดียวกัน

สมัยก่อนก็มีตำนานว่าอาร์คีมีดีส นักคณิตแห่งกรีก เคยใช้กระจกสะท้อนแดดเผาเรือข้าศึก โชว์พลังแสงจากฟ้าจนกลายเป็นเรื่องเล่าในตำนาน แม้จะถกเถียงกันว่าเวอร์ไปหรือเปล่า แต่หลักการมันจริงจังนะครับ

เพราะในโลกของความเป็นจริงพลังงานเกือบทั้งหมดที่โลกใช้ได้ในวันนี้...มาจากแดด

-ลมที่พัดเกิดจากอุณหภูมิบนพื้นดินที่แดดอุ่นไม่เท่ากัน -ฝนที่ตกก็เพราะแดดระเหยน้ำขึ้นไปเป็นไอ -พืชเติบโตได้เพราะแดดกระตุ้นให้เกิดกระบวนการสังเคราะห์แสง -แม้แต่ไฟฟ้าที่มนุษย์ใช้ ก็เริ่มต้นจากโฟตอนเล็กๆ ที่ปล่อยตัวเองออกมาจากดวงอาทิตย์

โลกของเรา คือเครื่องจักรแปรแสงเป็นชีวิต หยดน้ำ เป็นเพียงหนึ่งในฟันเฟืองใสๆ ที่เปลี่ยนแสงนั้นให้เกิดรูปร่าง เกิดพลัง เกิดไฟ และสุดท้ายกลายเป็น "ความรุ่งเรืองของชีวิต"

ย้อนกลับไปในประวัติศาสตร์ มนุษย์รู้เรื่องนี้มาก่อนเราจะมีไฟฟ้าเสียอีก อียิปต์โบราณบูชาเทพ “รา” เทพแห่งดวงอาทิตย์ ชาวอินคาและมายา วัดจังหวะชีวิตจากการเคลื่อนของแดด ในจีนยุคโบราณ เชื่อว่าไฟฟ้าบนฟ้า ไอน้ำบนดิน ต้องสมดุล ไม่งั้นจะเกิดโรคระบาด ทั้งหมดบอกเราว่า แดดไม่ใช่แค่แสง แต่เป็นครูของชีวิต

แต่ที่เฮียชอบที่สุดคือ แม้จะเป็นเพียงหยดน้ำหนึ่งหยด ถ้าอยู่ในที่ที่เหมาะ เจอกับแสงที่ใช่ มันสามารถจุด “ไฟ” ขึ้นมาได้จริงๆ

เฮียว่านี่แหละคือสัญลักษณ์ของมนุษย์ เราก็เหมือนหยดเล็กๆ ใสๆ ธรรมดาแต่ถ้าได้พบแดดของตัวเอง ไม่ว่าแดดนั้นจะเป็นแรงบันดาลใจ ความรัก งานที่ทำ หรือความฝันในใจ และถ้าเรายอมเป็น “เลนส์” ให้พลังนั้นลอดผ่าน ไฟบางอย่างก็จะลุกขึ้นในตัวเราและทำให้โลกรอบข้างอุ่นขึ้นด้วย

เฮียเลยอยากชวนให้ลองหันหน้าเข้าหาแดด ไม่ต้องถึงขั้นจ้องตากับพระอาทิตย์ แค่ยอมให้แสงนั้นผ่านใจเรา เพราะแม้แดดจะเหมือนเดิมทุกวัน แต่ใจเราต่างหากที่เปลี่ยนไปในทุกครั้งและบางที แค่แสงหนึ่งหยด ก็อาจเป็นไฟสำหรับทั้งชีวิต

#SundaySpecialเราจะไปเป็นหมูแดดเดียว #pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ dfa02707:41ca50e3

Good 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

@ 8bad92c3:ca714aa5

Marty's Bent

It's been a pretty historic week for the United States as it pertains to geopolitical relations in the Middle East. President Trump and many members of his administration, including AI and Crypto Czar David Sacks and Treasury Secretary Scott Bessent, traveled across the Middle East making deals with countries like Qatar, Saudi Arabia, the United Arab Emirates, Syria, and others. Many are speculating that Iran may be included in some behind the scenes deal as well. This trip to the Middle East makes sense considering the fact that China is also vying for favorable relationships with those countries. The Middle East is a power player in the world, and it seems pretty clear that Donald Trump is dead set on ensuring that they choose the United States over China as the world moves towards a more multi-polar reality.

Many are calling the events of this week the Riyadh Accords. There were many deals that were struck in relation to artificial intelligence, defense, energy and direct investments in the United States. A truly prolific power play and demonstration of deal-making ability of Donald Trump, if you ask me. Though I will admit some of the numbers that were thrown out by some of the countries were a bit egregious. We shall see how everything plays out in the coming years. It will be interesting to see how China reacts to this power move by the United States.

While all this was going on, there was something happening back in the United States that many people outside of fringe corners of FinTwit are not talking about, which is the fact that the 10-year and 30-year U.S. Treasury bond yields are back on the rise. Yesterday, they surpassed the levels of mid-April that caused a market panic and are hovering back around levels that have not been seen since right before Donald Trump's inauguration.

I imagine that there isn't as much of an uproar right now because I'm pretty confident the media freakouts we were experiencing in mid-April were driven by the fact that many large hedge funds found themselves off sides of large levered basis trades. I wouldn't be surprised if those funds have decreased their leverage in those trades and bond yields being back to mid-April levels is not affecting those funds as much as they were last month. But the point stands, the 10-year and 30-year yields are significantly elevated with the 30-year approaching 5%. Regardless of the deals that are currently being made in the Middle East, the Treasury has a big problem on its hands. It still has to roll over many trillions worth of debt over over the next few years and doing so at these rates is going to be massively detrimental to fiscal deficits over the next decade. The interest expense on the debt is set to explode in the coming years.

On that note, data from the first quarter of 2025 has been released by the government and despite all the posturing by the Trump administration around DOGE and how tariffs are going to be beneficial for the U.S. economy, deficits are continuing to explode while the interest expense on the debt has definitively surpassed our annual defense budget.

via Charlie Bilello

via Mohamed Al-Erian

To make matters worse, as things are deteriorating on the fiscal side of things, the U.S. consumer is getting crushed by credit. The 90-plus day delinquency rates for credit card and auto loans are screaming higher right now.

via TXMC

One has to wonder how long all this can continue without some sort of liquidity crunch. Even though equities markets have recovered from their post-Liberation Day month long bear market, I would not be surprised if what we're witnessing is a dead cat bounce that can only be continued if the money printers are turned back on. Something's got to give, both on the fiscal side and in the private markets where the Common Man is getting crushed because he's been forced to take on insane amounts of debt to stay afloat after years of elevated levels of inflation. Add on the fact that AI has reached a state of maturity that will enable companies to replace their current meat suit workers with an army of cheap, efficient and fast digital workers and it isn't hard to see that some sort of employment crisis could be on the horizon as well.

Now is not the time to get complacent. While I do believe that the deals that are currently being made in the Middle East are probably in the best interest of the United States as the world, again, moves toward a more multi-polar reality, we are facing problems that one cannot simply wish away. They will need to be confronted. And as we've seen throughout the 21st century, the problems are usually met head-on with a money printer.

I take no pleasure in saying this because it is a bit uncouth to be gleeful to benefit from the strife of others, but it is pretty clear to me that all signs are pointing to bitcoin benefiting massively from everything that is going on. The shift towards a more multi-polar world, the runaway debt situation here in the United States, the increasing deficits, the AI job replacements and the consumer credit crisis that is currently unfolding, All will need to be "solved" by turning on the money printers to levels they've never been pushed to before.

Weird times we're living in.

China's Manufacturing Dominance: Why It Matters for the U.S.

In my recent conversation with Lyn Alden, she highlighted how China has rapidly ascended the manufacturing value chain. As Lyn pointed out, China transformed from making "sneakers and plastic trinkets" to becoming the world's largest auto exporter in just four years. This dramatic shift represents more than economic success—it's a strategic power play. China now dominates solar panel production with greater market control than OPEC has over oil and maintains near-monopoly control of rare earth elements crucial for modern technology.

"China makes like 10 times more steel than the United States does... which is relevant in ship making. It's relevant in all sorts of stuff." - Lyn Alden

Perhaps most concerning, as Lyn emphasized, is China's financial leverage. They hold substantial U.S. assets that could be strategically sold to disrupt U.S. treasury market functioning. This combination of manufacturing dominance, resource control, and financial leverage gives China significant negotiating power in any trade disputes, making our attempts to reshoring manufacturing all the more challenging.

Check out the full podcast here for more on Triffin's dilemma, Bitcoin's role in monetary transition, and the energy requirements for rebuilding America's industrial base.

Headlines of the Day

Financial Times Under Fire Over MicroStrategy Bitcoin Coverage - via X

Trump in Qatar: Historic Boeing Deal Signed - via X

Get our new STACK SATS hat - via tftcmerch.io

Johnson Backs Stock Trading Ban; Passage Chances Slim - via X

---

Take the First Step Off the Exchange

Bitkey is an easy, secure way to move your Bitcoin into self-custody. With simple setup and built-in recovery, it’s the perfect starting point for getting your coins off centralized platforms and into cold storage—no complexity, no middlemen.

Take control. Start with Bitkey.

Use the promo code *“TFTC20”* during checkout for 20% off

---

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...

Building things of value is satisfying.

---

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

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@ 8bad92c3:ca714aa5

Marty'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

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

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

Get our new STACK SATS hat - via tftcmerch.io

Mubadala Acquires $408.5M Stake in BlackRock Bitcoin ETF - via X

---

Take the First Step Off the Exchange

Bitkey is an easy, secure way to move your Bitcoin into self-custody. With simple setup and built-in recovery, it’s the perfect starting point for getting your coins off centralized platforms and into cold storage—no complexity, no middlemen.

Take control. Start with Bitkey.

Use the promo code *“TFTC20”* during checkout for 20% off

---

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.

---

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

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[![Hodl Bitcoin For Good](https://www

@ 8bad92c3:ca714aa5

Let's dive into the most interesting forward-looking predictions from my recent conversations with industry experts.

Court Cases Against Bitcoin Developers Will Set Critical Precedent for the Industry's Future - Zack Shapiro

The outcome of the Samurai Wallet case will determine whether software developers can be held legally responsible for how users employ their non-custodial Bitcoin tools. Zack Shapiro laid out the stakes clearly: "The precedent that the Bank Secrecy Act can be applied to just software that allows you to move your own money on the Bitcoin blockchain is incredibly dangerous for developers, for node runners, for miners... Basically everyone in the Bitcoin space is at risk here."

According to Shapiro, the government's position in this case fundamentally misunderstands Bitcoin's architecture: "The government says that the defendants transmitted, Keone and Bill transmitted money that they knew belonged to criminals. That's not how a coin join works. The people who transmitted the money are the people that used Whirlpool and the people that used Ricochet. They signed their keys."

Should this prosecution succeed in establishing precedent, Shapiro predicts catastrophic consequences: "If that becomes the law of the land... then basically no actor in the Bitcoin economy is safe. The government's theory is that if you facilitate movement of money, you're a money transmitter, that would reach node runners, wallet developers, miners, lightning routing nodes... whatever tool stack you use, the people who built that are at risk."

With the case continuing despite FinCEN's own position that Samurai's software isn't money transmission, Shapiro believes the resolution will likely come through political rather than legal channels in the next 6-12 months.

Malpractice Around COVID mRNA Vaccines Will Be Exposed Within 2 Years - Dr. Jack Kruse

Dr. Jack Kruse predicts that major revelations about mRNA vaccine damage will force an eventual removal from the market, particularly from childhood vaccination schedules. During our conversation, Dr. Kruse shared alarming statistics: "25,000 kids a month are getting popped with this vaccine. Just so you know, since Trump has been elected, three million doses have been given to children."

According to Dr. Kruse, the scale of this problem dwarfs other health concerns: "The messenger job can drop you like Damar Hamlin, can end your career like JJ Watt, can end your career like all the footballers who've dropped dead on a soccer field." What makes this particularly concerning is the suppression of evidence about the damages, with Dr. Kruse noting that data from Japan showing changes in cancer distribution patterns was pulled, and VAERS data being dismissed despite showing alarming signals.

Dr. Kruse believes the coming years will see an unavoidable reckoning: "If by the end of this year, everybody in unison realized that MRA platform is bad news and it's gone. That to me is... I would tell you the biggest win is to get rid of the MRA platform even before any of the Bitcoin stuff." This suggests he expects significant momentum toward removing these vaccines from circulation by the end of 2025.

Global Economic Reordering Will Create Demand for Neutral Reserve Assets Like Bitcoin and Gold - Lyn Alden

The next two years will be critical in determining whether the United States maintains dollar dominance while navigating Triffin's dilemma. During our conversation, Lyn highlighted how the current administration is attempting to thread a needle between reshoring manufacturing while maintaining the dollar's reserve status - an almost impossible task on extremely fragile ground.

"When they talk about kind of a currency accord to weaken the dollar, they mentioned ideally they wanted to use multi-lateral approaches, but there are some unilateral approaches that they can do, which includes printing dollars to buy reserve assets," Lyn explained when discussing Treasury advisor Stephen Myron's position paper.

As the world potentially moves to a multipolar currency system, Lyn predicts significant demand increases for neutral reserve assets. "The two options on the table at this point are gold and Bitcoin," she noted, but pointed out that "our geopolitical adversaries have been stacking gold for a while and with a special intensity for the last three years." This creates a strategic opportunity for the US, as Bitcoin is "overwhelmingly held in the United States."

Lyn believes this transition is already underway, with the demand for neutral reserve assets like Bitcoin growing as countries seek alternatives to solely dollar-denominated reserves.

---

Blockspace conducts cutting-edge proprietary research for investors.

Iran's Shadow Mining Economy: 2 GW of Bitcoin Mined Underground While Legal Operations Struggle

Iran hosts a thriving underground Bitcoin mining industry that has emerged as a critical financial lifeline for citizens grappling with international sanctions and domestic economic controls. This shadow economy dwarfs the legal sector, with an estimated 2 gigawatts of illegal mining operations compared to just 5 megawatts of sanctioned activity.

According to ViraMiner CEO Masih Alavi, approximately 800,000 illegal miners have been discovered and fined by authorities. Yet operations continue in homes, office buildings, and even jewelry stores, where Iranians tap into unmetered electricity to mine Bitcoin, later converting it to stablecoins like USDT for savings and commerce.

While the government has approved permits for about 400 megawatts of legal mining capacity, punitive electricity tariffs and regulatory barriers have strangled legitimate operations. "I blamed the government for this situation," says Alavi. "They introduced flawed policies in the beginning, especially by setting the wrong electricity tariffs for the mining industry."

Despite using obsolete equipment like Antminer S9s and M3s, underground miners remain profitable when converting earnings to Iranian rials, creating an ecosystem that serves an estimated 18 million Iranian cryptocurrency holders.

Looking ahead, Alavi predicts further crackdowns as Iran enters peak electricity demand season, potentially reducing legal mining to zero while underground operations continue to evolve sophisticated detection evasion techniques.

Link to Full Article

Subscribe to them here (seriously, you should): https://newsletter.blockspacemedia.com/

---

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.

---

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

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@ 58537364:705b4b85

โลกเป็นอย่างไร เพราะใจเราเป็นอย่างนั้น

พระอาจารย์ไพศาล วิสาโล วัดป่าสุคะโต แสดงธรรม เย็นวันที่ ๓๑ กรกฎาคม ๒๕๖๕

คนเราทุกคนมีตา หู จมูก ลิ้น กาย แล้วก็ใจ ตา หู จมูก ลิ้น กาย มีไว้เพื่อรับรู้โลกภายนอก ตารับรู้รูป หูรับรู้เสียง จมูกรับรู้กลิ่น ลิ้นรับรู้รส และกายก็รับรู้สัมผัสที่เรียกว่าโผฏฐัพพะ และไม่ว่าจะรับรู้โลกภายนอกอะไร มันก็ส่งมาที่ใจ ใจทำหน้าที่คิด ทำหน้าที่รู้สึก

เราก็คงจะสังเกตได้ว่า เรารับรู้อะไร ใจก็มักจะเป็นอย่างนั้น เช่น ถ้าเกิดเราเห็นภาพคนกำลังอดอยากหิวโหย ก็เกิดความรู้สึกเศร้า สงสารในใจของเรา ถ้าเห็นภาพอุบัติเหตุรถยนต์ ก็เกิดความเสียวสยอง หรือว่าหวาดวิตกในใจ ถ้าเห็นเด็กกำลังร้องไห้ ก็เกิดความรู้สึกเศร้าในใจของเรา แต่ถ้าเกิดเห็นภาพคนกำลังสนุกสนานรื่นเริง มันก็มีความยินดีเกิดขึ้นในใจ

รับรู้อะไรก็มีผลต่อใจของเรา รับรู้สิ่งที่เป็นลบ ใจก็พลอยรู้สึกลบไปด้วย รับรู้สิ่งที่เป็นบวก ใจก็พลอยเป็นบวกไปด้วย เพราะฉะนั้นการรับรู้อะไร ก็เป็นสิ่งที่เราต้องใส่ใจ

ถ้าเราอยากจะให้ใจเราสงบ ใจเราเป็นสุข ไม่ถูกแผดเผาด้วยความโกรธ หรือว่าไม่ถูกกดกดดันด้วยความเศร้า หรือว่าถูกกระตุ้นเร้าด้วยความโลภ ความอยาก อันนี้ก็โยงไปถึงว่า เราเลือกที่จะอยู่ไหนด้วย ถ้าเราเลือกที่จะอยู่ในที่ที่สงบสงัด ใจก็พลอยสงบ หรือว่าสามารถจะเย็นได้ง่าย

เพราะฉะนั้นธรรมะข้อหนึ่งในโอวาทปาฏิโมกข์คือ พึงนอนและนั่งในที่สงัด ในที่ที่สงัดที่ที่เป็นรมณีย์ มันก็มีส่วนน้อมใจให้สงบไปด้วย

รวมทั้งการรู้จักใช้หู ใช้ตา ใช้จมูกให้เป็น ต้องรู้จักเลือกรับรู้สิ่งที่มันจะเกื้อกูล ต่อการสร้างกุศลธรรมขึ้นมาในใจ อย่างไรก็ตามเท่านั้นยังไม่พอ เพราะว่าการรับรู้ของเรา บ่อยครั้งเราไม่ได้รับรู้สิ่งที่เกิดขึ้นข้างหน้าเราอย่างที่มันเป็นจริง

บ่อยครั้งเราก็มีการตีความหรือปรุงแต่ง เราไม่ได้เห็นอย่างที่รูปปรากฏ เราไม่ได้ได้ยินอย่างที่เสียงมากระทบหูเรา เพราะว่ามีการตีความ หรือปรุงแต่งซ้อน แบบเรียกว่าสนิทแนบแน่นเลย อย่างเช่น เห็นคนกระซิบกระซาบต่อหน้าเรา เราก็อาจจะตีความไปว่า เขากำลังพูดถึงเรา หรืออาจจะถึงขั้นนินทาเรา แต่ความจริงอาจจะไม่ได้เป็นอย่างนั้น

หรือว่ามีคนบางคนมองหน้าเรา จ้องเรา เราก็อาจจะตีความว่า เขากำลังหาเรื่องเราก็ได้ หรือเขากำลังไม่พอใจเรา แต่ว่าความจริงอาจจะไม่ได้เป็นอย่างนั้นก็ได้ แต่ว่าเราตีความไปแล้ว แล้วส่วนใหญ่เราก็จะไม่ได้เห็น ไม่ได้รับรู้สด ๆ หรือว่าอย่างที่มันเป็น

แต่ว่ามันมีการตีความ ตีความในทางบวกก็มี ตีความในทางลบก็มี ซึ่งตรงนี้บ่อยครั้งก็สร้างปัญหา หรือสร้างความทุกข์ให้กับเรา เพราะการที่เราไม่ได้เห็นอะไรอย่างที่มันเป็นจริงๆ มันมีการตีความในใจของเราหรือด้วยใจของเรา และเราก็เผลอไปคิดว่า สิ่งที่จิตตีความ มันคือความจริง แต่บ่อยครั้งมันก็เป็นแค่การปรุงแต่ง หรือความคิดของเราเอง

มีพระทิเบตท่านหนึ่งเล่าว่า มีคราวหนึ่งจะเดินทางขึ้นเครื่องบิน ที่สนามบินมีการตรวจเอกซเรย์ข้าวของ โทรศัพท์ คอมพิวเตอร์ ระหว่างที่กำลังรอข้าวของของท่านที่กำลังผ่านการเอกซเรย์ ท่านก็เหลือบไปมองเห็นด่านรักษาความปลอดภัยอีกด่านหนึ่ง ที่เป็นด่านสุดท้าย

แล้วก็สังเกตว่ามีเจ้าหน้าที่รักษาความปลอดภัยคนหนึ่ง รูปร่างสูงใหญ่ มีหนวดเฟิ้มเลย จ้องมองมาที่ท่าน จ้องแบบเขม็งเลย ท่านเหลียวไปมองหลายครั้งก็เห็นว่าเขายังจ้องไม่เลิก ก็รู้สึกไม่ค่อยสู้ดีแล้ว เอ๊ะ หรือว่าเจ้าหน้าที่คนนี้กำลังสงสัยอะไรเราหรือเปล่า ถึงจ้องมองแบบนั้น แล้วยิ่งเห็นเจ้าหน้าที่คนนั้นจ้องมองมากเท่าไหร่ โดยที่ไม่มีรอยยิ้มเลยนะ ท่านก็เลยนึกในใจว่า เขาคงจะสงสัยเรา

ยิ่งมองเจ้าหน้าที่คนนั้น ก็ยิ่งรู้สึกว่าเจ้าหน้าที่คนนี้ หน้าเหี้ยม แล้วก็ดูหยาบกระด้าง หน้าตารูปร่างเหมือนมาเฟียเลย จู่ ๆ เจ้าหน้าที่คนนั้นก็วิทยุ พระทิเบตก็คิดสงสัยว่าคงต้องมีอะไรแน่ แล้วก็จริงด้วย มีเจ้าหน้าที่คนใหม่เดินมาที่ชายคนนี้ แล้วก็พูดคุยอะไรกันสักอย่าง แล้วเจ้าหน้าที่ที่มีหนวดก็ชี้มาที่ตัวท่าน

พระทิเบตใจเขาก็ไม่สู้ดีแล้ว เจ้าหน้าที่คนใหม่ก็มา พอมายืนแทนเจ้าหน้าที่คนแรกที่มีหนวด เจ้าหน้าที่ที่มีหนวดนั่นก็เดินตรงมาเลยที่ท่าน แล้วก็ถามว่า คุณคือมิสเตอร์ยงเกใช่ไหม ท่านก็ตอบว่าใช่ มีอะไรเหรอ เจ้าหน้าที่คนนั้นก็บอกว่า ผมอยากจะขอบคุณคุณเหลือเกินนะ เพราะว่าหนังสือคุณนี่ช่วยผมได้มากเลย อยากจะขอบคุณจริง ๆ เลย

เท่านี้แหละ พระทิเบตก็ยิ้มเลย แล้วเจ้าหน้าที่คนนั้นก็ยิ้มด้วย แล้วก็มาเขย่ามือกัน เป็นมิตรเลยนะ ก็รู้สึกโล่งอกขึ้นมาเลย นึกว่าจะมีเรื่องอะไร อ๋อ ที่แท้มาขอบคุณที่ได้อ่านหนังสือของเรา ทีแรกนึกว่าจะมาสงสัย มาค้นตัวอะไรสักอย่าง

แล้วท่านก็พบว่าภาพของชายคนนั้น ในสายตาของท่านเปลี่ยนไปเลย จากคนที่มีสีหน้าเหี้ยม กระด้างเหมือนมาเฟีย กลายเป็นคนที่อารมณ์ดี ใจดี สุภาพเรียบร้อย มีความเป็นมิตร และท่านก็มาเอะใจ ทำไมเรามองเจ้าหน้าที่คนนี้เปลี่ยนไป ทีแรกเห็นเป็นคนเหี้ยม คนหยาบ แต่เห็นตอนนี้กลายเป็นมิตร มีน้ำใจ แล้วก็มีความสุภาพ ก็คนคนเดียวกันแหละ แต่ทำไมเห็นต่างกันเลย แบบตรงข้ามกันเลย หลังจากที่เขามาทักทาย แล้วก็มาขอบคุณ

อันนี้ก็ชี้ให้เห็นว่าจิตของคนเรา มันส่งผลมากต่อการรับรู้ ทีแรกพอเห็นเจ้าหน้าที่คนนั้นจ้องมองเขม็งเลย ที่จริงเขาก็ไม่ได้มีอะไรในใจ แต่ว่าพระทิเบตท่านนี้ตีความไปแล้วว่า เขาคงไม่ชอบเราหรือคิดไม่ดีกับเรา ตีความไปในทางร้ายแล้ว ไม่ได้เห็นอย่างที่เป็น

พอตีความไปในทางร้ายเขาคิดไม่ดีกับเรา ท่านก็เลยรู้สึกไม่ดีกับเขา พอรู้สึกไม่ดีกับเขา ภาพของเขาที่เห็นในใจของท่าน ก็กลายเป็นคนที่ดูเหี้ยม กระด้าง เหมือนมาเฟีย เหมือนอันธพาล แต่ว่าพอเขามีอากัปกริยาในทางที่เป็นมิตร มาขอบคุณ มาขอบอกขอบใจ ความรู้สึกของท่านที่มีต่อเขาก็เปลี่ยนไป แทนที่จะเห็นว่าเขาคิดไม่ดีกับเรา ที่แท้เขาขอบคุณเรา พอรู้สึกดีกับเขา ภาพของเขาในสายตาของท่านก็เปลี่ยนไปเลย กลายเป็นคนที่สุภาพเรียบร้อย มีความเป็นมิตร

อันนี้เป็นสิ่งที่ชี้ให้เห็นเลยว่า คนเราบ่อยครั้งเรารับรู้อะไรก็ตาม เราไม่ได้รับรู้อย่างที่มันเป็น แต่ว่ามีการตีความ และถ้าเราตีความในทางลบ ว่าเขาคิดไม่ดีกับเรา จิตมันก็มีปฏิกิริยาตอบโต้ทันทีเลย พอคิดว่าเจ้าหน้าที่คนนี้เขาคิดไม่ดีกับเรา ท่านก็รู้สึกไม่ดีกับเขาโดยอัตโนมัติเลย

พอรู้สึกไม่ดีกับเขา ภาพของเขาที่ท่านเห็นก็กลายเป็นภาพของคนที่ดูดุร้าย ดูเหี้ยม มีการเติมแต่ง มีการใส่สี และนี่คือสิ่งที่เกิดขึ้นกับคนเรา เกิดขึ้นกับเราในชีวิตประจำวัน เรารับรู้อะไร เราก็ไม่เคยรับรู้อย่างที่มันเป็น แต่ว่ามีการตีความ

ถ้าตีความในทางบวกก็ดีไป ถ้าตีความในทางลบ ก็เกิดความวิตก เกิดความกลัว เกิดความเครียด เกิดความขุ่นมัว และพอใจมีความวิตก มีความขุ่นมัว มองอะไรออกไป ก็เห็นแต่ภาพในทางลบ คนๆหนึ่งก็ถูกมองว่ากลายเป็นคนที่เหี้ยม กลายเป็นคนที่กระด้าง แต่พอใจเปลี่ยนไป ความรู้สึกที่มีต่อคนคนนั้นเปลี่ยนไป ภาพที่เห็นหรือว่าภาพที่มองออกไป มันก็เป็นอีกแบบหนึ่ง ตรงข้ามกันเลย

พูดอีกอย่างหนึ่งก็คือว่า ไม่ใช่แค่ว่าเราเห็นอะไรใจก็เป็นอย่างนั้น ในทางกลับกัน ใจเราเป็นอย่างไรก็เห็นโลกไปในทางนั้น ถ้าใจเราขุ่นมัว ใจเรามีความเครียด หรือมีความรู้สึกเป็นลบ โลกที่อยู่รอบตัวเรา หรือคนที่อยู่ข้างหน้าเรา ก็ถูกเติมแต่งให้เป็นลบไปด้วย มีการใส่สี แต่ถ้าเรารู้สึกบวกกับเขา ภาพที่เห็นก็เปลี่ยนไป กลายเป็นบวกไปด้วย อันนี้คือสิ่งที่เกิดขึ้นกับเราตลอดเวลาเลยว่าก็ว่าได้

โลกเป็นอย่างไร มันก็อยู่ที่ใจของเราว่าเป็นอย่างไรด้วย ฉะนั้นบ่อยครั้ง เวลาเรารู้สึกว่าโลกมันหม่นหมอง ผู้คนไม่น่ารัก มันอาจจะเป็นเพราะว่าใจเราหม่นหมอง หรือว่าใจเรามีความรู้สึกที่เป็นลบก็ได้

ฉะนั้นก่อนที่เราจะไปตัดสิน ไปวิพากษ์วิจารณ์ หรือไปมองว่าโลกมันแย่ บางทีเราต้องกลับมาดูที่ใจของเรา ว่าใจเรามันมีการเติมแต่ง รูปที่ได้เห็น เสียงที่ได้ยินหรือเปล่า

ในปฏิจจสมุปบาท จะมีปัจจยาการตอนต้นเลยที่บอกว่า อวิชชาเป็นปัจจัยให้เกิดสังขาร สังขารเป็นปัจจัยให้กับวิญญาณ ที่พูดมาก็เป็นเรื่องที่ชี้ให้เห็นว่า สังขารปรุงแต่งวิญญาณอย่างไร

สังขารในที่นี้ก็คือการปรุงแต่ง หรือความรู้สึกนึกคิดในใจ อารมณ์ที่เกิดขึ้นในใจ มันก็ไปปรุงแต่งการรับรู้ ไม่ว่าจะเป็นการรับรู้ทางตา ทางหู ทางจมูก ทางลิ้น ทางกาย หรือแม้แต่ทางใจ ถ้าใจมีความรู้สึกในทางลบ เช่นคิดลบ หรือรู้สึกลบกับใคร ก็จะเห็นภาพคนๆ นั้นในทางลบไปด้วย เห็นเป็นคนที่กระด้าง เป็นคนที่เหี้ยม เป็นคนที่ไม่น่ารัก แต่ถ้าใจมีความรู้สึกเป็นบวก ก็จะเห็นเขาเป็นคนที่เป็นมิตร เห็นเขาสุภาพ

อันนี้ก็ไม่ต่างจากเรื่องของคนผู้ชายคนหนึ่งไปพักที่โรงแรม แล้วก็ถอดสร้อยคอที่คล้องพระสมเด็จราคาแพงด้วย ไว้ที่หัวนอน ออกไปทำธุระตอนเช้า ไปออกกำลังกาย กินข้าวเสร็จก็กลับเข้ามาในห้อง สร้อยหาย เอ๊ะ ใครเอาไป สงสัยพนักงานทำความสะอาด เพราะว่าในช่วงนั้น มีพนักงานทำความสะอาดเข้าไปจัดเตียง

เขาก็ตามหาว่าใครเป็นพนักงานทำความสะอาด พอพบเห็นเขา ก็ปักใจเชื่อเลยว่าเขาขโมยเอาสร้อยคอไป แล้วก็เฝ้าสังเกตผู้ชายคนนั้น ดูท่วงท่ามีพิรุธ แววตาก็มีพิรุธ ไม่กล้าสบตาเขา ใช่แน่ๆ เลย เอาสร้อยคอของเราไป แต่ปรากฏว่าตอนสายๆ หรือตอนบ่าย ปรากฏว่าเจอสร้อยมันตกอยู่หลังเตียง

พอรู้ว่าชายคนนั้น พนักงานทำความสะอาดไม่ได้ขโมยไป ก็เห็นเขาในภาพใหม่เลย น้ำเสียงเขาก็ไม่ได้มีพิรุธอะไร พูดจาก็ดี อากัปกริยาก็ไม่ได้ผิดปกติอะไร ภาพของพนักงานทำความสะอาดเปลี่ยนไปเลย

ที่จริงก็ไม่ได้เปลี่ยนไปหรอก เขาก็เหมือนเดิม ไม่ว่าตอนเช้า ตอนสาย หรือตอนบ่าย แต่ที่เปลี่ยนไปคือใจของผู้ชายคนนั้น ทีแรกปักใจเชื่อว่าพนักงานทำความสะอาดเป็นขโมย พอคิดแบบนั้นเข้า ก็เห็นแต่พิรุธ แต่พอรู้ว่าเขาไม่ได้ขโมยไป ภาพที่เห็นก็เปลี่ยนไป อันนี้เรียกว่าสังขารเป็นปัจจัยให้เกิดวิญญาณ

แล้วไม่ใช่เฉพาะกรณีแบบนี้เท่านั้น ในชีวิตประจำวันทั่วๆ ไป เวลาเรามีความทุกข์ ความเครียด แล้วเรารู้สึกว่าเป็นเพราะโลกภายนอก เป็นเพราะคนรอบตัว เช่นเราเห็นเขาไปในทางลบทางร้าย เราก็เลยเป็นทุกข์ ให้เราลองสังเกตดูก็ได้ว่า บ่อยครั้งความทุกข์ของเรา มันเกิดจากการที่เราตีความไปในทางลบ หรือว่าปรุงแต่งไปในทางร้ายหรือเปล่า

ฉะนั้นถ้าเรารู้จักหมั่นสังเกต หมั่นทบทวน เอาประสบการณ์ที่เคยเข้าใจผิดที่ตีความในทางลบ หรือว่าเติมแต่งในทางร้าย และทำให้เราเกิดความทุกข์ เกิดความวิตก เกิดความเครียด หรือว่าเกิดความไม่พอใจ เอามาเป็นบทเรียนสอนใจ มันจะช่วยทำให้เรารู้จักทักท้วง

ทักท้วงว่าสิ่งที่เราเห็น ที่จริงมันอาจจะไม่ใช่เป็นความจริงก็ได้ มันอาจจะมีการตีความไปแล้วในทางลบ หรือที่เรามองเห็น มองออกไปข้างนอก อาจจะมีการเติมแต่งไปในทางร้ายก็ได้ ไม่ว่ารับเข้ามาจะเป็นรูป รส กลิ่น เสียงที่ได้ยิน หรือมองออกไป มันมักจะมีการตีความหรือเติมแต่ง

แล้วมันก็ไม่จำเป็นต้องเป็นทางลบ อาจจะเป็นไปในทางบวกก็ได้ อันนี้ที่เขาเรียกว่าอคติ ฉันทาคติก็คือลำเอียงเพราะชอบ อันนี้ก็หมายถึงว่า มองเห็นคลาดเคลื่อนจากความเป็นจริง เพราะว่ามีความชอบ เขาทำอะไรก็ดูดีไปหมด เขาทำอะไรก็ดูถูกต้องไปหมด ทั้งๆ ที่ที่ผิดก็มี ที่พลาดก็มี แต่ว่าไม่เห็นเพราะว่ามองเห็นแต่ด้านดี อันนี้เพราะว่าลำเอียงเพราะชอบ หรือมิฉะนั้นก็ตรงข้าม โทสาคติ ลำเอียงเพราะโกรธ หรือลำเอียงเพราะกลัว ภยาคติ หรือว่าลำเอียงเพราะหลง

อย่างกรณีของพระทิเบต ท่านก็เกิดโทสาคติ ทีแรกเกิดโทสาคติ ก็เลยเห็นเจ้าหน้าที่รักษาความปลอดภัยคนนั้น เหี้ยม ดุ เหมือนผู้ร้าย เหมือนมาเฟีย แต่พอเขามาขอบคุณ เขามาแสดงความเป็นมิตร ก็เปลี่ยนไปเลย ฉันทาคติมาแทนโทสาคติ ก็เห็นเขาเป็นคนที่เป็นมิตร สุภาพเรียบร้อย อันนี้ก็เป็นสิ่งที่เราควรจะสังเกตได้ กับประสบการณ์ของตัวเราเอง ว่ามันเป็นอย่างนั้นบ้างหรือเปล่า จะได้เป็นเครื่องเตือนใจเรา เพื่อไม่ให้เราทุกข์ ที่สร้างขึ้นมาเอง

บางครั้งความทุกข์เราไปมองว่าเป็นเพราะคนนู้นคนนี้ แต่ที่จริงเป็นเพราะการปรุงแต่ง การตีความในทางลบ หรือว่าการเติมแต่งในทางร้ายของเรา

ที่พระพุทธเจ้าตรัสว่า ธรรมทั้งหลายมีใจเป็นใหญ่ มีใจเป็นหัวหน้า สำเร็จได้ด้วยใจ อันนี้ก็เป็นตัวอย่างหนึ่งว่า โลกภายนอกที่เราเห็นผ่าน ตา หู จมูก ลิ้น กาย หรือแม้กระทั่งความคิด มันล้วนแล้วแต่เกิดหรือถูกกำหนดด้วยใจของเรา ถ้าใจเราเป็นลบก็เห็นเป็นลบ ถ้าใจเราเป็นบวกก็เห็นเป็นบวก

ฉะนั้นการกลับมาดูใจของเรา จึงเป็นเรื่องที่สำคัญมาก ถ้าไม่อยากให้เกิดไฟเผาในใจของเรา ก็ต้องกลับมาสำรวจตรวจตา หรือสอดส่องใจของเราว่า มันมีอคติ โทสาคติ ภยาคติหรือเปล่า หรือมันมีการเติมแต่งไปในทางลบทางร้ายหรือเปล่า ไม่อย่างนั้นเราก็จะสร้างหรือก่อทุกข์ขึ้นมาในใจของเรา ทั้งที่ความจริงไม่ได้เป็นอย่างนั้น.

พระอาจารย์ไพศาล วิสาโล

ขอขอบคุณ Visalo.org

@ d360efec:14907b5f

@ eb0157af:77ab6c55

At Bitcoin 2025, the company unveils the Blockstream App and a strategic roadmap to accelerate adoption.

During the Bitcoin 2025 conference held in Las Vegas, Blockstream announced several updates, including a new non-custodial application and a corporate strategy structured around three operational divisions.

Introducing the Blockstream App: a new Bitcoin wallet that grows with you.

From first sats to advanced custody, it brings self-sovereignty into reach no matter where you start. Available now on Android, coming soon to iOS. pic.twitter.com/UBiNHKh8bO

— Blockstream (@Blockstream) May 29, 2025

The new Blockstream App allows users to purchase Bitcoin directly and store it in their own wallet, eliminating the need to rely on external custodians for fund management. This technological solution is built on the infrastructure of the Blockstream Green wallet. The app supports Bitcoin, Lightning, and Liquid.

The app’s design has been conceived to meet the needs of a diverse audience, the company stated. Its interface is accessible for beginners while retaining advanced functionalities for more experienced users.

It also remains compatible with advanced security features such as hardware wallet signing and air-gapped transactions via Blockstream Jade.

Corporate strategy: consumer, enterprise, and BAM

During the event, Blockstream revealed a strategic restructuring organized into three distinct operational units. This new framework aims to strengthen the company’s position within the Bitcoin economy through tailored approaches for specific markets.

The Consumer division will focus on developing products for retail users, while the Enterprise division will manage relationships with corporate clients. Blockstream Asset Management (BAM) will serve as the company’s institutional arm, specializing in Bitcoin investment products for institutional customers.

Adam Back, CEO of Blockstream, commented:

“The past year has shown clearly that Bitcoin no longer sits on the margins of the global financial system—it is rapidly becoming the foundation. Our vision is simple: the future of finance runs on Bitcoin.”

The post Blockstream launches a non-custodial app to buy Bitcoin appeared first on Atlas21.

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@ b1ddb4d7:471244e7

Custodial 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:

1. Withdraw custodial funds to a hardware wallet.
2. Migrate to a self-custodial Lightning wallet.
3. Educate others on the risks of custodial control.

The Lightning Network’s potential hinges on decentralization—don’t let custodians become its Achilles’ heel.

@ 8bad92c3:ca714aa5

Key Takeaways

In this episode, Bitcoin Core veteran James O’Beirne delivers a sharp critique of Bitcoin’s developmental stagnation, attributing it to political dysfunction, post-fork trauma, and resistance within Bitcoin Core to critical upgrades like CheckTemplateVerify (CTV). He argues that while institutional adoption accelerates, internal innovation is being stifled by misplaced controversies—such as the OP_RETURN policy debate—and a bottlenecked governance model. O’Beirne warns that without urgent progress on scaling solutions like CTV, congestion control, and vaulting systems, Bitcoin risks ossifying and becoming vulnerable to institutional capture. Advocating a more adversarial posture, he suggests forking or building alternative clients to pressure progress but remains hopeful, seeing rising momentum for protocol upgrades from developers outside the Core elite.

Best Quotes

“Everybody has mempool derangement syndrome… it’s such a small issue in the grand scheme of challenges Bitcoin is facing.”

“Bitcoin is as much an experiment in technical human organization as it is a pure technology.”

“If we don’t figure out how to scale trustless Bitcoin self-custody, we’re toast. Right now, only about 2.5% of Americans could actually use Bitcoin monthly in a meaningful way.”

“CTV isn’t sexy—it just works. It keeps getting reinvented because it's so useful. At this point, it’s essential.”

“If Core isn’t going to evaluate these proposals, someone has to. Otherwise, we need to build the social justification for forking.”

“Lightning didn’t scale Bitcoin the way we expected. Let’s stop assuming a silver bullet is coming and start building the bridges ourselves.”

“You could onboard someone with just a phone and a vault… and give them more security than most hardware wallets.”

Conclusion

While Bitcoin gains traction with institutions and governments, its internal development is stalling under political inertia and misplaced focus. James O’Beirne urges the community to prioritize impactful upgrades like CTV and CCV, challenge the bottleneck of Bitcoin Core if needed, and recommit to Bitcoin’s foundational principles. This episode underscores the urgent need to bridge technical and social divides to ensure Bitcoin remains a decentralized, censorship-resistant tool for global value transfer.

Timestamps

0:00 - Intro
0:41 - Multi axis issue
5:12 - Core governance
9:41 - Derailing productive discussions
17:05 - Fold & Bitkey
18:32 - CTV
29:24 - Unchained
29:53 - Magnitude of change
41:45 - Covenant proposals
50:16 - CTV benefits
57:56 - Institutional ownership
1:05:26 - Moving forward

Transcript

(00:00) I think I have a somewhat different take than 99% of the people in the discussion. What freaks me out is if you've got Sailor owning half million coins or whatever and Black Rockck owning however many, people forget that Bitcoin is as much an experiment in technical human organization as it is, you know, as a sort of pure technology.
(00:17) The undernowledged reality is I'm actually interested to see if we have like a black swan adoption event from the machines. the risk given the increased scrutiny that things like the strategic Bitcoin reserve introduce there's a shot clock on getting to trustless decentralized value storage technology and I think we really have to be thinking about that combination of physically tired and mentally tired it's also tiresome James it's it's I was looking at that picture today and I was actually going to tweet it absent any caption just because it's
(00:52) a really good Uh yeah, it's a really good epitome of uh of a lot of stuff. But I'm with you, man. I'm tired. It's Friday. Who is it? Is that a just some random Japanese guy? I think it's it's I actually think it's from a documentary about I don't know if it's Africa, but Oh, yes. Yes.
(01:13) It's there's a little bit of a kind of like racy connotation there. Um yeah, the uh it's been long. It was interesting for me. We had Texas Energy Mining Summit here in Austin the beginning of the week. It sort of blended with Bitcoin plus I was over at Bitcoin++ Wednesday and yesterday doing the live desk and obviously topic of conversation is OP return this policy decision and this policy change that that core wants to make and many people are uh angry about and it's just again it's also tiresome.
(01:52) spoke with people on both sides over the two days and I I think I came away more confused than than I entered entered the week like what is the optimal path and somebody who's worked on Bitcoin core worked on Bitcoin core for for many years I've seen you tweeting about it seems like I won't put words in your mouth I'll let you say like what is your perspective on this whole policy debate around op return yeah so in general I think I have a somewhat different take than um 99% of the people in in the discussion which is basically that this
(02:25) is a really stupid discussion um everybody has mempool derangement syndrome like at every layer um and uh what what frustrates me a little bit about the conversation not not to not to uh get like um grumpy right off the bat but it's just it's it's such a small issue in the in the grand scheme of challenges that are being presented to Bitcoin that like spending all this drama on it um is is really a silly use of time and uh kind of emotion, but I can break it down for you.
(03:02) I mean, I think I think like largely the argument is happening on a few layers. Um the change itself technically I'm totally in favor of it. It makes sense. you know, basically the rationale is like, well, you know, um, people want to include exogenous data into the chain. Um, you can't really stop them from doing that.
(03:23) Um and so let's basically minimize the damage by saying hey you know we're going to make it easier for people to actually make use of op return as a data carrier which uh lets us avoid bloat in the UTXO set which is like one of the precious resources we have to take care of for the node.
(03:44) Um, so that's all good and the and the other thing too is that as we've seen with the ordinal stuff is um, you know, data is going to wait make its way into the chain and actually it hurts the whole network when um, there are transactions that most nodes haven't seen yet but they come through a block. Basically that slows down block propagation time.
(04:06) And so the whole idea is if you bring policy closer to the actual consensus rules, closer to the actual transactions that are going to come through and be mined, then you're going to have better network performance. You're going to have lower latency when it comes to actually broadcasting a new block around. So that's like the the sort of technical layer of the discussion.
(04:25) It's it's really a minute non-controversial change if you kind of have fluency with the the technical end of the mempool. Um, but I think there's this this higher layer to the conversation which is sort of a readjudication of spam in Bitcoin. And it's, you know, I think a lot of the the old animal spirits and sentiments are emerging about like, well, we don't like spam.
(04:49) And I think for a lot of people who kind of get lost in the technical details, it's very easy to latch on to the sentiment of I don't like spam. Um and so uh so that makes the sort of ocean knots camp maybe more appealing. Uh so that's yeah that's I guess a summary if you want to jump in anything in particular we can that's what I was saying I came out more confused than I went in.
(05:20) So last week on RHR, hey, I agree. You want policy to be aligned with consensus. Like whether we like it or not, these transactions are getting into blocks. They're non-standard, but they are valid within consensus rules and policy just isn't aligning with that. And like you said, this is disrupting the P2P layer and potentially the fee uh estimation process that that many nodes use, many applications use.
(05:49) And it makes sense to me to align policy with consensus. These things are happening. And if you can make it so Bitcoin full nodes are operating as efficiently and optimally as possible by changing this, it makes sense to me. I think my one like push back was like makes sense to me. However, I think how it was communicated to people and the whole mess with the PR.
(06:12) I think it's I think it's it was it's it's just a tactical error. Like even if this change gets in the the the real benefit of is is not material. You know, nobody was really clamoring for it. um this stuff always, you know, gets the hackles up of everybody who cares at all about, you know, spamming Bitcoin. So, it was a real tactical error.
(06:36) And I think that's that's one place where I mean it's kind of I had a little bit of shot in Freud seeing it because I'm fairly critical of core as a project along you know a variety of axes at this point and it was just kind of a demonstration of the the disconnection and kind of ineptitude of um publicity management kind of on on their end.
(06:58) Um, and so like there's part of me that enjoys seeing that because I I'm kind of convinced that that group has a lot less efficacy than they have credibility. And so to to see that kind of catch up was was interesting. The uh let's dive into that like what you said multiple axes you have a problem. I think we've throughout the years like we've been discussing the issues that Bitcoin like yourself particularly as a Bitcoin core developer for many years trying to get things through not only in the context of the way core works from a governance
(07:35) structure but just the way Bitcoin works as a distributed open source protocol like trying to get changes in and I will say like

@ 9b12847f:9a3ee831

What is the CGT loan trap?

The Capital Gains Tax (CGT) loan trap, is where you take a bitcoin-backed loan, expecting that providing the collateral does not trigger CGT, only to find that it does trigger CGT.

Oof.

It's a particularly dangerous trap for plebs because bitcoin collateralised lending typically requires over-collateralisation which is often 2x the amount being borrowed. This means if CGT is triggered on the provision of the collateral, your CGT is 2x the CGT bill had you just sold down the bitcoin for the amount you borrowed.

That's without adding the additional cost of the interest on the loan; more oof.

Why it's important to pay attention to this

Firstly because if you're caught in the trap, you're the one who is liable and not the Lender.

Secondly, because all bitcoin transactions are permanent records and you can reasonably assume that future tax collection sleuths will backtrack through yesterday's transactions. Lenders who KYC their customers provide an easy data collection point for tax collectors, and that data doesn't go away.

And lastly, because there is no emerging signs of fiscal responsibility at the sovereign level, so it's reasonable to assume tax agencies are being directed to increase collections .. and bitcoiners aren't going to get any sort of pass there.

And of course, the bigger the Bitcoin network grows, the more attractive bitcoin collateralised lending will be, and the the more attention it will garner .. and some of that will be from tax collectors.

So, what determines if CGT is applicable?

The concept of beneficial ownership is the relevant term to understand and pay attention to. A change in beneficial ownership is what tax authorities use as the trigger to determine if a CGT event has occurred. This isn't a term or concept isolated to my country (Australia) or the US or the UK or Europe - it's one that's been actively harmonised across the G20. It applies to all asset classes.

The beneficial owner is the one who enjoys the benefits of the asset. It's slightly different to the concept of legal owner which is the person or entity on a government register as the "owner" of the asset.

And if you're a bitcoiner reading this, you're probably already aware that there is no government register of the "ownership of bitcoin" - that's very literally what the timechain, and your bitcoin private keys, are .. but we digress.

Where there is a change in the beneficial owner of an asset, that triggers a CGT liability. This isn't new, it's not related to bitcoin specifically but to all asset classes, and it is consistent over a wide group of countries. The way that each jurisdiction legislates, enforces and applies it will vary somewhat.

So let's explore how that relates to providing collateral in bitcoin-backed loans.

Types of bitcoin backed loans

Bitcoin represents pristine and unimpeachable collateral, so any dollar lender should be happily accepting it as collateral from their perspective. But let's focus on the issue of changing beneficial ownership and how that ties into the borrower's CGT liabilities.

There are loans available from platforms that provide the dollar liquidity, and there are loans from peers.

Loans from platforms

Loans from platforms are going to require KYC information because there is a centralised lender and that will come with a legal construct. The three things to pay attention to are:

1. Legal terms and conditions

Ideally, the platform terms should have a statement that acknowledges the unchanged beneficial ownership of the collateral by the borrower, as long as the borrower does not default on the loan.

There may not be such a statement, and if there is not, then the next point on how the collateral is managed needs some careful attention.

The immediate red-flag is if the terms categorically state that there is a change of beneficial ownership of the collateral; being a party to such a contract would legally acknowledge that you transferred beneficial ownership, triggering CGT.

NB: The legal terms and conditions should be generally accessible. If they aren't available then request them from support. If they're not forthcoming, then it's a giant red flag and I'd recommend you exit stage left.

1. How the collateral is custodied

A key test that is used to determine if beneficial ownership has changed is the custody of the asset(s). If bitcoin as collateral is kept in a discrete location, and is not pooled with other collateral, then there is a strong case to maintain the chain of unbroken beneficial ownership.

By contrast, collateral that is sent into a "pool" can be deemed to be disposed of, since it's not the same bitcoin that is being returned on successful completion of the loan. I am personally aware of plebs who have been "bitten" by using lending services who "pool" collateral from multiple loans into a pool, and consequently receive different bitcoin on loan completion. The safe assumption is that collateral that is pooled, will be deemed a disposal for CGT events.

1. Whether collateral can be re-hypothecated

Ignoring the very dubious issues around re-hypothecation more generally, (who remembers BlockFi, Celsius, Genesis, 3Arrows Capital etc), from a CGT trigger event perspective, if collateral can be re-hypothecated, it will likely be deemed a disposal for CGT purposes.

Loans that are peer-to-peer

There are other borrowing mechanisms that are based on enabling borrowing interaction directly between peers. These typically do not need to introduce the privacy and security risks of KYC, and so consequently do not require a specific legal contract between the peers.

The "terms" of the agreement are defined in the code that implements the contract between the parties, with the collateral held in a multi-party escrow, and returned to the Borrower should they successfully repay their loan. Only if the loan is NOT repaid, or needs to be liquidated, does the collateral change ownership.

In an ideal world, the usage terms for such platforms would acknowledge that the collateral provided by the Borrower remains their unchanged beneficial ownership unless the contract is liquidated, or the loan is not repaid.

Examples of platforms that allow peers to connect and create contracts for borrowing between themselves include Debifi, Lend at HodlHodl, Firefish and Lendasat.

How did I end up down this rabbit hole?

I narrowly avoided falling into precisely this trap recently when I was considering a loan from https://ledn.io I was curious that the Loan terms weren't available to review on their site, or from the customer dashboard after I signed up.

They happily provided them on request (https://www.ledn.io/legal/usd-loan-agreement), and once I got to Section 7 (b), it became clear this wasn't a product I wanted to use because every supply of collateral to Ledn, for any loan, would automatically trigger a CGT event.

Ledn, like every other lending platform, do not offer tax advice, and are clear to state the tax implications of using their products are up to the borrower to assess with their appropriate advisors.

Like many things in Bitcoin, this then made me curious about how widespread this practice was, what the underlying legal definitions were, how widely and harmoniously they were applied .. and here we are .. writing (and reading) blog posts!

So why borrow against your bitcoin at all?

Bitcoin-backed loans can potentially provide a mechanism to access dollars, without selling your bitcoin, and thereby deferring CGT on the sale of bitcoin.

For bitcoiners who've humbly stacked sats for several cycles, borrowing against your bitcoin, may provide a mechanism to further delay spending or selling sats, thereby increasing your purchasing power further.

When you borrow against your bitcoin, you are expecting bitcoin to continue to increase in purchasing power, and at a higher rate than the cost of the interest on the loan. Based on 16 years of bitcoin price history, this is a pretty safe assumption.

Don't however, make assumptions on CGT events that can potentially undermine the entire financial logic of going down this route in the first place; check carefully.

What will definitely trigger a CGT event?

Firstly and most obviously, if you take a bitcoin collateralised loan, and fail to repay the loan or are margin called and liquidated, then that portion of the collateral required to extinguish your loan will be sold. That's clearly a change of beneficial ownership, and that transaction will trigger a CGT liability.

Next, any service or product which explicitly requires you to acknowledge a change of beneficial ownership of the collateral on lodgement, will also trigger a CGT event.

After that, as we outlined earlier, pay close attention to collateral custody mechanisms and transparency and clarity on re-hypothecation - both of which are potential CGT trigger events.

So what's worth checking out?

Currently these are the lending offers that I'm aware of that are worth considering and I understand don't fall foul of the three key aspects outlined above.

• https://debifi.com

• https://firefish.io

• https://lend.hodlhodl.com

• https://lendasat.com/

As always, do your own checking, and validate with your accounting/legal advisors; the consequences of getting this wrong are potentially significant.

To be clear, I've no financial interest in any of these platforms, nor have I been paid to write this article, nor do I use referral codes. I have used some of these platforms, and believe them all to be operated by reputable teams with high integrity.

Final thoughts

Lastly, for those coming to the @bitcoinbushbash at the end of July in Palm Cove Queensland, I'll be presenting a session on this topic.

@ 5d4b6c8d:8a1c1ee3

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