@ 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

@ eb0157af:77ab6c55

A new investment vehicle combines exposure to Bitcoin with downside protection based on the price of gold.

On May 29, Cantor Fitzgerald Asset Management announced the launch of an investment product that merges direct exposure to Bitcoin with a bearish hedge linked to gold.

According to the financial institution, the new fund offers a solution for investors seeking to benefit from the growth potential of the leading cryptocurrency while maintaining a safety net tied to the precious metal.

Fund features

The fund is structured with a five-year term and no cap on potential upside, allowing investors to fully capture Bitcoin’s growth. The “1-to-1” protection mechanism means that any losses on Bitcoin would be offset by corresponding gains from gold.

Brandon Lutnick, Chairman of Cantor and son of former CEO Howard Lutnick (now Commerce Secretary in the Trump administration), called the product “a truly revolutionary investment vehicle” that helps investors access Bitcoin’s potential while providing downside protection. “There are still people on the Earth that are still scared of Bitcoin, and we want to bring them into this ecosystem,” Lutnick added.

The fund marks Cantor Fitzgerald’s first BTC-focused investment product. The firm, with 79 years of history and $14.8 billion in assets under management, is making its first significant move into the Bitcoin market.

The announcement follows the closing of its first round of financing agreements with Maple Finance and FalconX. Through its “Bitcoin Financing Business” division, Cantor plans to initially make up to $2 billion in financing available to institutional clients.

The post Cantor Fitzgerald launches Bitcoin fund with gold hedge appeared first on Atlas21.

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The upcoming Bitcoin 2025 conference, scheduled from May 27–29 at the Venetian Conference Center in Las Vegas, is set to make history with an official attempt to break the GUINNESS WORLD RECORDS® title for the most Bitcoin point-of-sale transactions in an eight-hour period.

Organized by BTC Inc, the event will showcase Bitcoin’s evolution from a digital capital asset to a practical medium of exchange, leveraging the latest advancements in payment technology.

Tap-to-Pay with Lightning-Ready Bolt Cards

To facilitate this record-setting attempt, 4,000 Lightning-ready Bolt Cards will be distributed to conference attendees.

pic.twitter.com/Iy7P361u6u

— Uncle Rockstar Developer (@r0ckstardev) May 15, 2025

These NFC-enabled cards allow users to make instant, contactless Bitcoin payments at vendor booths throughout the expo-no apps or QR codes required, just a simple tap. 

The cards are available in four collectible designs, each featuring a prominent figure in Bitcoin’s history: Senator Cynthia Lummis, Michael Saylor, Satoshi Nakamoto, and Jack Dorsey. 

Each attendee will receive a randomly assigned card, making them both functional and collectible souvenirs.

Senator Lummis: A Playful Provocation

Notably, one of the card designs features Senator Cynthia Lummis with laser eyes-a playful nod to her reputation as a leading Bitcoin advocate in US politics. 

While Lummis is known for her legislative efforts to promote Bitcoin integration, she has publicly stated she prefers to “spend dollars and save Bitcoin,” viewing BTC as a long-term store of value rather than a daily currency. 

The choice to feature her on the Bolt Card, could be suggested by Rockstar Dev of the BTC Pay Server Foundation, perhaps a lighthearted way to highlight the ongoing debate about Bitcoin’s role in everyday payments.

Nothing cracks me up quite like a senator that wants the US to buy millions of Bitcoin use dollars to buy a beer at a Bitcoin bar.

This is how unserious some of you are. pic.twitter.com/jftIEggmip

— Magoo PhD (@HodlMagoo) April 4, 2025

How Bolt Cards and the Lightning Network Work

Bolt Cards are physical cards equipped with NFC (Near Field Communication) technology, similar to contactless credit or debit cards. When linked to a compatible Lightning wallet, they enable users to make Bitcoin payments over the Lightning Network by simply tapping the card at a point-of-sale terminal. 

The Lightning Network is a second-layer protocol built on top of Bitcoin, designed to facilitate instant, low-cost transactions ideal for everyday purchases. 

This integration aims to make Bitcoin as easy to use as traditional payment methods, eliminating the need for QR code scanning or mobile apps.

A Showcase for Bitcoin’s Real-World Usability

With over 30,000 attendees, 300 exhibitors, and 500 speakers expected, the Bitcoin 2025 conference is poised to be the largest Bitcoin event of the year-and potentially the most transactional. 

The event will feature on-site activations such as the Official Bitcoin Magazine Store, where all merchandise will be available at a 21% discount for those paying with Bitcoin via the Lightning Network-a nod to Bitcoin’s 21 million coin supply limit.

By deeply integrating Lightning payments into the conference experience, organizers hope to demonstrate Bitcoin’s readiness for mainstream commerce and set a new benchmark for its practical use as a currency.

Conclusion

The Guinness World Record attempt at Bitcoin 2025 is more than a publicity stunt-it’s a bold demonstration of Bitcoin’s technological maturity and its potential to function as a modern, everyday payment method.

Whether or not the record is set, the event will serve as a milestone in the ongoing journey to make Bitcoin a truly global, user-friendly currency

@ b1ddb4d7:471244e7

This article was originally published on aier.org

Even after eleven years experience, and a per Bitcoin price of nearly $20,000, the incredulous are still with us. I understand why. Bitcoin is not like other traditional financial assets.

Even describing it as an asset is misleading. It is not the same as a stock, as a payment system, or a money. It has features of all these but it is not identical to them.

What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests of secure titles to ownership of a scarce good. Those without experience in the sector look at all of this and get frustrated that understanding why it is valuable is not so easy to grasp. 

In this article, I’m updating an analysis I wrote six years ago. It still holds up. For those who don’t want to slog through the entire article, my thesis is that Bitcoin’s value obtains from its underlying technology, which is an open-source ledger that keeps track of ownership rights and permits the transfer of these rights. Bitcoin managed to bundle its unit of account with a payment system that lives on the ledger. That’s its innovation and why it obtained a value and that value continues to rise. 

Consider the criticism offered by traditional gold advocates, who have, for decades, pushed the idea that sound money must be backed by something real, hard, and independently valuable. Bitcoin doesn’t qualify, right? Maybe it does. 

Bitcoin first emerged as a possible competitor to national, government-managed money in 2009. Satoshi Nakamoto’s white paper was released October 31, 2008. The structure and language of this paper sent the message: This currency is for computer technicians, not economists nor political pundits. The paper’s circulation was limited; novices who read it were mystified. 

But the lack of interest didn’t stop history from moving forward. Two months later, those who were paying attention saw the emergence of the “Genesis Block,” the first group of bitcoins generated through Nakamoto’s concept of a distributed ledger that lived on any computer node in the world that wanted to host it.

Here we are all these years later and a single bitcoin trades at $18,500. The currency is held and accepted by many thousands of institutions, both online and offline. Its payment system is very popular in poor countries without vast banking infrastructures but also in developed countries. And major institutions—including the Federal Reserve, the OECD, the World Bank, and major investment houses—are paying respectful attention and weaving blockchain technology into their operations.

Enthusiasts, who are found in every country, say that its exchange value will soar even more in the future because its supply is strictly limited and it provides a system vastly superior to government money. Bitcoin is transferred between individuals without a third party. It is relatively low-cost to exchange. It has a predictable supply. It is durable, fungible, and divisible: all crucial features of money. It creates a monetary system that doesn’t depend on trust and identity, much less on central banks and government. It is a new system for the digital age.

Hard lessons for hard money

To those educated in the “hard money” tradition, the whole idea has been a serious challenge. Speaking for myself, I had been reading about bitcoin for two years before I came anywhere close to understanding it. There was just something about the whole idea that bugged me. You can’t make money out of nothing, much less out of computer code. Why does it have value then? There must be something amiss. This is not how we expected money to be reformed.

There’s the problem: our expectations. We should have been paying closer attention to Ludwig von Mises’ theory of money’s origins—not to what we think he wrote, but to what he actually did write. 

In 1912, Mises released The Theory of Money and Credit. It was a huge hit in Europe when it came out in German, and it was translated into English. While covering every aspect of money, his core contribution was in tracing the value and price of money—and not just money itself—to its origins. That is, he explained how money gets its price in terms of the goods and services it obtains. He later called this process the “regression theorem,” and as it turns out, bitcoin satisfies the conditions of the theorem.

Mises’ teacher, Carl Menger, demonstrated that money itself originates from the market—not from the State and not from social contract. It emerges gradually as monetary entrepreneurs seek out an ideal form of commodity for indirect exchange. Instead of merely bartering with each other, people acquire a good not to consume, but to trade. That good becomes money, the most marketable commodity.

But Mises added that the value of money traces backward in time to its value as a bartered commodity. Mises said that this is the only way money can have value.

The theory of the value of money as such can trace back the objective exchange value of money only to that point where it ceases to be the value of money and becomes merely the value of a commodity…. If in this way we continually go farther and farther back we must eventually arrive at a point where we no longer find any component in the objective exchange value of money that arises from valuations based on the function of money as a common medium of exchange; where the value of money is nothing other than the value of an object that is useful in some other way than as money…. Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility.

Mises’ explanation solved a major problem that had long mystified economists. It is a narrative of conjectural history, and yet it makes perfect sense. Would salt have become money had it otherwise been completely useless? Would beaver pelts have obtained monetary value had they not been useful for clothing? Would silver or gold have had money value if they had no value as commodities first? The answer in all cases of monetary history is clearly no. The initial value of money, before it becomes widely traded as money, originates in its direct utility. It’s an explanation that is demonstrated through historical reconstruction. That’s Mises’ regression theorem.

Bitcoin’s Use Value

At first glance, bitcoin would seem to be an exception. You can’t use a bitcoin for anything other than money. It can’t be worn as jewelry. You can’t make a machine out of it. You can’t eat it or even decorate with it. Its value is only realized as a unit that facilitates indirect exchange. And yet, bitcoin already is money. It’s used every day. You can see the exchanges in real time. It’s not a myth. It’s the real deal.

It might seem like we have to choose. Is Mises wrong? Maybe we have to toss out his whole theory. Or maybe his point was purely historical and doesn’t apply in the future of a digital age. Or maybe his regression theorem is proof that bitcoin is just an empty mania with no staying power, because it can’t be reduced to its value as a useful commodity.

And yet, you don’t have to resort to complicated monetary theory in order to understand the sense of alarm surrounding bitcoin. Many people, as I did, just have a feeling of uneasiness about a money that has no basis in anything physical. Sure, you can print out a bitcoin on a piece of paper, but having a paper with a QR code or a public key is not enough to relieve that sense of unease.

How can we resolve this problem? In my own mind, I toyed with the issue for more than a year. It puzzled me. I wondered if Mises’ insight applied only in a pre-digital age. I followed the speculations online that the value of bitcoin would be zero but for the national currencies into which it is converted. Perhaps the demand for bitcoin overcame the demands of Mises’ scenario because of a desperate need for something other than the dollar.

As time passed—and I read the work of Konrad Graf, Peter Surda, and Daniel Krawisz—finally the resolution came. Bitcoin is both a payment system and a money. The payment system is the source of value, while the accounting unit merely expresses that value in terms of price. The unity of money and payment is its most unusual feature, and the one that most commentators have had trouble wrapping their heads around.

We are all used to thinking of currency as separate from payment systems. This thinking is a reflection of the technological limitations of history. There is the dollar and there are credit cards. There is the euro and there is PayPal. There is the yen and there are wire services. In each case, money transfer relies on third-party service providers. In order to use them, you need to establish what is called a “trust relationship” with them, which is to say that the institution arranging the deal has to believe that you are going to pay.

This wedge between money and payment has always been with us, except for the case of physical proximity.

If I give you a dollar for your pizza slice, there is no third party. But payment systems, third parties, and trust relationships become necessary once you leave geographic proximity. That’s when companies like Visa and institutions like banks become indispensable. They are the application that makes the monetary software do what you want it to do.

The hitch is that

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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.

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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.

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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.

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Bitcoin Magazine

Bitcoin Builders Exist Because Of Users

Builder: Nicholas Gregory

Language(s): C++, Rust

Contribute(s/ed) To: Ocean Sidechain, Mainstay, Mercury Wallet, Mercury Layer

Work(s/ed) At: CommerceBlock (formerly)

Prior to Bitcoin, Nicholas was a software developer working in the financial system for banking firms developing trading and derivatives platforms. After the 2008 financial crisis he began to consider alternatives to the legacy financial system in the fallout. 

Like many from that time, he completely ignored the original Slashdot article featuring the Bitcoin whitepaper due to the apparent focus on Windows as an application platform (Nicholas was a UNIX/Linux developer). Thankfully someone he knew introduced him to Bitcoin later on. 

The thing that captured his interest about Bitcoin rather than other alternatives at the time was its specific architecture as a distributed computer network. 

“The fact that it was like an alternative way. It was all based around [a] kind of […] network. And what I mean by that, building financial systems, people always wanted a system that was 24-7.

And how do you deal with someone interacting [with] it in different geographical parts of the world without it being centralized?

And I’d seen various ways of people solving that problem, but it never had been done, you know, in a kind of […] scalable solution. And using […] cryptography and proof of work to solve that issue was just weird, to be honest. It was totally weird for me.”

All of the other systems he had designed, and some that he built, were systems distributed across multiple parts of the world. Unlike Bitcoin however, these systems were permissioned and restricted who could update the relevant database(s) despite that fact that copies of them were redundantly distributed globally. 

“The fact that in Bitcoin you had everyone kind of doing this proof of work game, which is what it is. And whoever wins does the [database] write. That mess[ed] with my head. That was […] very unique.”

Beginning To Build

Nicholas’s path to building in the space was an organic one. At the time he was living in New York City, and being a developer he of course found the original Bitdevs founded in NYC. Back then meetups were incredibly small, sometimes even less than a dozen people, so the environment was much more conducive to in-depth conversations than some larger meetups these days. 

He first began building a “hobbyist” Over The Counter (OTC) trading software stack for some people (back then a very significant volume of bitcoin was traded OTC for cash or other fiat mediums). From here Nicholas and Omar Shibli, whom he met at Bitdevs, worked together on Pay To Contract (BIP 175). 

BIP 175 specifies a scheme where a customer purchasing a good participates in generating the address the merchant provides. This is done by the two first agreeing on a contract describing what is being paid for, afterwards the merchant sends a master public key to the consumer, who uses the hash of that description of the item or service to generate an individual address using the hash and master public key. 

This allows the customer to prove what the merchant agreed to sell them, and that the payment for the good or service has been made. Simply publishing the master public key and contract allows any third party to generate the address that was paid, and verify that the appropriate amount of funds were sent there. 

Ocean and Mainstay

Nicholas and Omar went on to found CommerceBlock, a Bitcoin infrastructure company. Commerceblock took a similar approach to business as Blockstream, building technological platforms to facilitate the use of Bitcoin and blockchains in general in commerce and finance. Shortly afterwards Nicholas met Tom Trevethan who came on board. 

“I met Tom via, yeah, a mutual friend, happy to say who it is. There’s a guy called, who, new people probably don’t know who he is, but OGs do, John Matonis.  John Matonis was a good friend of mine, [I’d] known him for a while. He introduced me to Tom, who was, you know, kind of more on the cryptography side. And it kind of went from there.”

The first major project they worked on was Ocean, a fork of the Elements sidechain platform developed by Blockstream that the Liquid sidechain was based on. The companies CoinShares and Blockchain in partnership with others launched an Ocean based sidechain in 2019 to issue DGLD, a gold backed digital token. 

“So we, you know, we were working on forks of Elements, doing bespoke sidechains. […] Tom had some ideas around cryptography. And I think one of our first ideas was about how to bolt on these forks of Elements onto […] the Bitcoin main chain. […] We thought the cleanest way to do that was […] using some sort of, I can’t remember, but it was something [based on] single-use sealed sets, which was an invention by Peter Todd. And I think we implemented that fairly well with Mainstay.”

The main distinction between Ocean and Liquid as a sidechain platform is Ocean’s use of a protocol designed at Commerceblock called Mainstay. Mainstay is a timestamping protocol that, unlike Opentimestamps, strictly orders the merkle tree it builds instead of randomly adding items in whatever order they are submitted in. This allows each sidechain to timestamp its current blockheight into the Bitcoin blockchain everytime mainchain miners find a block. 

While this is useless for any bitcoin pegged into the sidechain, for regulated real world assets (RWA), this provides a singular history of ownership that even the federation operating the sidechain cannot change. This removes ambiguity of ownership during legal disputes. 

When asked about the eventually shuttering of the project, Nicholas had this to say: 

“I don’t know if we were early, but we had a few clients. But it was, yeah, there wasn’t much adoption. I mean, Liquid wasn’t doing amazing. And, you know, being based in London/Europe, whenever we met clients to do POCs, we were competing against other well-funded projects. 

It shows how many years ago they’d either received money from people like IBM or some of the big consultancies and were promoting Hyperledger.  Or it was the days when we would be competing against EOS and Tezos. So because we were like a company that needed money to build prototypes or build sidechains, it kind of made it very hard. And back then there wasn’t much adoption.”

Mercury Wallet and Mercury Layer

After shutting down Ocean, Nicholas and Tom eventually began working on a statechain implementation, though the path to this was not straightforward. 

“[T]here were a few things happening at the same time that led to it. So the two things were we were involved in a [proof of concept], a very small […]POC for like a potential client. But this rolled around Discreet Log Contracts. And one of the challenges of Discreet Log Contracts, they’re very capital inefficient. So we wanted a way to novate those contracts. And it just so happened that Ruben Sampson, you know, wrote this kind of white paper/Medium post about statechains. And […] those two ideas, that kind of solved potentially that issue around DLCs.”

In the end they did not wind up deploying a statechain solution for managing DLCs, but went in a different direction. 

Well, there was another thing happening at the same time, coinswaps. And, yeah, bear in mind, in those days, everyone worried that by […] 2024/2025 […] network fees could be pretty high. And to do […] coin swaps, you kind of want to do multiple rounds. So […] state chains felt perfect because […] you basically take a UTXO, you put it off the chain, and then you can swap it as much as you want.”

Mercury Wallet was fully built out and functional, but sadly never gained any user adoption. Samourai Wallet and Wasabi Wallet at the time dominated the privacy tool ecosystem, and Mercury Wallet was never able to successfully take a bite out of the market. 

Rather than completely give up, they went back to the drawing board to build a statechain variant using Schnorr with the coordinator server blind signing, meaning it could not see what it was signing. When asked why those changes were made, he had this to say: “That would give us a lot more flexibility to do other things in Bitcoin with L2s. You know, the moment you have a blinded solution, we thought, well, this could start having interoperability with Lightning.”

Rather than building a user facing wallet this time, they built out a Software Development Kit (SDK) that could be integrated with other wallets.

“{…] I guess with Mercury Layer, it was very much building a kind of […] full-fledged Layer 2 that anyone could use. So we [built] it as an SDK. We did have a default wallet that people could run. But we were hoping that other people would integrate it.”

The End of CommerceBlock

In the end, CommerceBlock shuttered its doors after many years of brilliant engineering work. Nicholas and the rest of the team built numerous systems and protocols that were very well engineered, but at the end of the day they seemed to always be one step ahead of the curve. That’s not necessarily a good thing when it comes to building systems for end users. 

If your work is too far ahead of the demand from users, then in the end that isn’t a sustainable strategy. 

“…being in the UK, which is not doing that well from a regulatory point of view, played into it. If I

@ 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.

@ 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

@ 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

@ 8bad92c3:ca714aa5

Key Takeaways

In this episode of TFTC, energy economist Anas Alhajji outlines a profound shift in U.S. foreign policy under Trump—away from military intervention and toward transactional diplomacy focused on trade, reconstruction, and curbing Chinese and Russian influence in the Middle East. He highlights Trump’s quiet outreach to Syria as emblematic of the U.S.'s strategic flexibility in legitimizing former adversaries when economically beneficial. Alhajji dismisses BRICS as a fractured bloc incapable of rivaling the U.S.-led order and insists the dollar and petrodollar remain dominant. On energy, he warns that despite favorable fundamentals, prices are suppressed by political confusion, underinvestment, and an aging power grid ill-prepared for the AI and urbanization boom. He also contends that Iran is stalling negotiations to buy time for nuclear advancement and that any deal will be superficial. Finally, Alhajji debunks the myth of Trump being pro-oil, noting his long-standing hostility toward the industry and explaining why a repeat of his past energy boom is implausible given today’s financial and structural constraints.

Best Quotes

• “BRICS is a paper tiger. Everything about BRICS is what China does—and that’s it.”
• “The dollar is here to stay. The petrodollar is here to stay. End of story.”
• “Trump hates the oil industry. He always classified it as an enemy.”
• “Energy projects are 30- to 40-year investments, but politicians think in 4-year cycles. That’s where the disconnect lies.”
• “People think shale will boom again. It won’t. The model changed from ‘drill baby drill’ to ‘control baby control.’”
• “The real story of Trump’s trip wasn’t about politics—it was investment, investment, investment.”
• “Without massive investment in the grid and gas turbines, blackouts will become the norm—even in rich countries like Kuwait.”
• “Iran and China have perfected the game of oil exports. Sanctions are just theater at this point.”

Conclusion

Anas Alhajji’s conclusion challenges conventional narratives, arguing that global power is shifting from military dominance to economic leverage, infrastructure investment, and energy control. He presents a nuanced view of U.S. foreign policy under Trump, emphasizing the strategic importance of trade and reconstruction over regime change. As energy demand soars and geopolitical risks mount, Alhajji warns that the real dangers lie not in foreign adversaries, but in policy confusion, infrastructural lag, and complacency—making this episode a crucial listen for anyone seeking to understand the high-stakes intersection of energy, economics, and diplomacy.

Timestamps

0:00 - Intro
0:48 - Syria and US diplomacy in Middle East
12:50 - Trump in the Middle East
18:12 - Fold & Bitkey
19:48 - Iran - Nuclear program and PR
33:53 - Unchained
34:22 - Crude markets, trade war and US debt
54:28 - Trump's energy stance
1:05:46 - Energy sector challanges
1:14:44 - Policy recommendations
1:21:18 - AI and bitcoin

Transcript

(00:00) oil prices market fundamentals support higher price than where we are today. But because of this confusion, everyone is scared of low economic growth and that is a serious problem. The US media ignored part of Trump's speech when he said we are not about nation building and they refer to Afghanistan and Iraq.
(00:15) Look at them. This is a criticism of George W. Bush. We have groups that are talking about the demise of the dollar, the rise of bricks. Bricks is a paper tiger. Everything about bricks is what China does and that's it. The dollar is here to stay and the petro dollar is here to stay.
(00:31) The perception is that the Trump administration is cold but the reality Trump hates the oil [Music] indust. How are you? Very good. Very good. Thank you. As you were telling me, you've been a bit sleepd deprived this week trying to keep up with what's going on. Oh, absolutely. I mean, Trump keeps us on our toes uh all the time.
(01:06) In fact, I plan certain things for the weekend and Trump will say something or he will do something and all of a sudden we get busy again. Uh so clients are not going to wait for you until you finish your work. Basically, they want to know what's going on. So what is going on? What what how profound were the events in the Middle East? These are very uh very profound changes basically because it is very clear that if you look at the last 15 years uh and you look at the growth uh in the Middle East, you look at the growth of Saudi Arabia and uh the
(01:41) role of Turkey for example in the region uh it just just amazing be beyond any uh any thoughts. Uh in fact both of them Turkey and Saudi Arabia are part of the G20. Uh so they have economic influence and they have political influence. And of course the icing on the cake for those who are familiar with the region is to recognize the Syrian government and meet with the Syrian uh president.
(02:11) Uh this is a major a major change in economics and politics uh of the Middle East. Let's touch on that Syria uh topic for a while because I think a lot of people here in the United States were a bit shocked at how sort of welcoming President Trump was towards the new Syrian president considering the fact that uh he was considered an enemy not too long ago here in the United States.
(02:42) What first of all it's a fact of life for those who would like to check the history of politics. There were many people around the world who were classified or they were on the terrorism list and then they became friends of the United States or they were became heroes. I mean Nelson Mandela is one of them. You look at Latin America, there are presidents in Latin America who were uh the enemy of the United States and then they became uh uh cooperative with the United States and the United States recognized their governments and the result of their uh elections. Uh so
(03:15) we've seen this historically uh several uh several times around the world and as they say freedom fighters for some basically are the enemies and the terrorists for for others etc. So uh what we've seen that's why the the visit is very important that the recognition of this government is very important. uh the fact on the ground that uh the president of Syria had the power on the ground uh he had the the the people on the ground and he had the control on the ground and whatever he's been he's been doing since he came into power until now
(03:52) he done all the right steps u and people loved him I mean everyone who went to Syria whether the Syrians who left Syria 40 years ago or uh the visitors who are coming to Syria, they will tell you, "We have never seen the Syrian people as happy as we've seen them today, despite the fact that they they live in misery.
(04:17) They don't have um 8 million people without housing. Uh there is barely any electricity in most of the country. There is no internet. There is barely any food. The uh inflation is rampant, etc. But people are happy because they lived in fear for a very long time. And uh the steps they have taken. For example, the uh ministers in the previous government uh are still there and they are still in the housing of the government.
(04:49) They still have the drivers. They still have the cars from the previous government. They still have it until today. So uh they they were classified as enemies before. But all of a sudden now you have a new government that is uh accepting them. Uh so we we see some changes on the ground that are positive and we'll see how these things will go given that the area around them basically has been unstable for a very long time.
(05:17) how because I don't the the news when I was actually it was surreal for me because my first trip to the Middle East was last December when it was literally f flying over Syria to Abu Dhabi when uh um Assad was getting thrown out and it was pretty surreal to be in that region of the world.
(05:43) How as it pertains to like religious minorities within Syria moving forward is there protractions protections there? Um well let me just uh I want to emphasize one point that is very important. What did the interest of Turkey, Saudi Arabia and the United States in Syria if remember Syria was controlled by Iran and was controlled by the Russians.
(06:09) So in a sense it becomes uh kind of an imperative that taking it away from Iran and Russia and not bringing Iran or Russia back is extremely important. Now the Russians are still there and they have their own base but at least they are not bombing the Syrians and not killing them anymore. But the idea here is taking Syria out of Iran and Russia and probably later on if they kick the Russians out, Russians will not have access to the Mediterranean.
(06:37) Uh so there is an interest uh of all parties basically to take Russia out of Iran and um out of uh Syria regardless the country is uh devastated and it creates massive opportunities for US companies on all levels and uh we've seen a contract uh done recently with you mentioned Abu Dhabi uh uh a contract uh uh with the UA a basically to revamp all the Syrian ports and work on the Syrian ports.
(07:13) Uh so such contracts basically uh when you have a country that has nothing and it's completely devastated the whole infrastructure is devastated. Who is going to build it? If the uh what the Chinese, the Russians, so who who are going to build it? So, uh I think there is a a big room for US companies and others basically to come in and uh literally help on one side and make money on the other.
(07:38) Yeah, I think that that's what I'm trying to discern. What was this convoy from the United States to the Middle East this week signali

@ 9ca447d2:fbf5a36d

Mac users who use Ledger hardware wallets to manage their digital assets are being warned about a new scam that uses fake apps to steal funds.

Cybercriminals have launched multiple phishing campaigns using malware that targets macOS systems, replacing the real Ledger Live app with a fake version that asks users to enter their recovery phrase.

These fake apps look almost identical to the real Ledger Live, but instead of helping users manage their bitcoin, they steal the 24-word recovery phrase—the master key to the user’s digital assets.

According to a detailed analysis by Moonlock, the attacks start when users’ computers get infected with Atomic macOS Stealer malware from one of over 2,800 hacked websites. Once installed, the malware removes the legitimate Ledger Live app and installs a malicious version in its place.

The fake app then shows a pop-up message saying it has detected “suspicious activity”, and asks the user to enter their recovery phrase to fix the issue. Once entered, the seed phrase is sent to a server controlled by the attacker.

2,800 websites discovered infected with Atomic Stealer — Moonlock

“Once entered, the seed phrase is sent to an attacker-controlled server, exposing the user’s assets in seconds,” Moonlock said in their May 22 report.

With the recovery phrase, the scammers can drain the user’s wallet of all digital assets—bitcoin and other tokens.

This isn’t an isolated incident. Moonlock has been tracking this malware since August 2024 and has found at least four active campaigns targeting Mac users. They believe the attackers are getting more sophisticated and are refining their methods.

“This isn’t just a theft. It’s a high-stakes effort to outsmart one of the most trusted tools in the crypto world. And the thieves are not backing down,” Moonlock researchers said.

Initially, the fake Ledger Live apps could only steal passwords and view wallet details. This gave attackers some insight into victims’ assets but no way to steal funds directly.

However, over time, hackers have improved their tactics and are now harvesting recovery phrases, so they can take full control of wallets and move funds freely.

One strain of malware, called Odyssey, was spotted in March and was linked to a hacker using the alias “Rodrigo”.

Odyssey replaces Ledger Live with a trojanized app and displays a phishing page asking users to enter their recovery phrases after showing a fake “critical error” message. Another copycat campaign using AMOS (Atomic macOS Stealer) followed soon after.

The fake Ledger Live app asks for user’s seed phrase — Moonlock

In one case, a fake app even displayed an “App corrupted” error after stealing the seed phrase to lower the victim’s suspicion and buy time to transfer the funds.

For years, computers running MacOS were considered safer than their Windows counterparts, because the operating system is less prone to malware. This advanced malware shows that users can never be too careful.

Attackers aren’t just relying on infected apps to steal from users. Other scam tactics include:

• Discord attacks: In May, a moderator account in Ledger’s official Discord server was compromised. Attackers used it to post fake verification links.
• Reddit phishing: In January, a user reported losing $15,000 after unknowingly entering their recovery phrase into a fake app.
• Physical mail scams: In April, some Ledger users received letters claiming to be from the company. These letters included QR codes leading to phishing sites that asked for seed phrases under the guise of a “critical security update”.

Attackers are increasingly targeting users holding hardware wallets, because they might be holding larger amounts.

Earlier this month, a Trezor One user reported being contacted by Coinbase impersonators, who tricked him into entering his seed phrase into a fake website, resulting in loss of 17.5 BTC.

The final goal for all these attacks is similar: the attackers are looking for users’ seed phrases, and they are getting creative in finding new ways to acquire them.

One sure way of staying safe is to learn more. The golden standard rule is to NEVER enter your seed phrase into a computer or a website, no matter how urgent or convincing it looks.

If you are a hardware wallet user, make sure you purchase the wallet from official sources. And the ONLY electronic place you can enter your seed phrases is on the hardware wallet itself.

If a process requires you to enter your seed phrase anywhere on a computer itself, it is definitely a scam.

Related: Bitcoin Hardware Wallet Hacks | What You Need to Know

@ 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

@ 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

@ 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

What is KYC/AML?

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

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

Lists of Bitcoiners

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

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

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

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

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

---

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

@ 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

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

@ 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

@ f85b9c2c:d190bcff

Avoid it if you’re sensitive.

Haha 😂, just wanted to get your attention.

If you’re reading this, congrats your amongst those who survived to see this message. It doesn’t matter if you’re depressed, sad, angry at someone or you missed something. Come on man, being alive is already a win for you.

Smile, You deserve it.

Yes, I know the world is cruel and very unfair. But remember, you can’t fight all those battles alone. That’s why we ask God to take care of it. But hey, today is Sunday.A blessed day for the Christians. Go ahead smile 😊, you deserve it. You managed to wake up today while some didn’t. You should be grateful for that. It’s a blessing to see tomorrow. You don’t know what today holds.

I just want to remind you that, you deserve the whole world. Go out there, chase your dreams, don’t let them die in your comfort zone. And remember, always wear a smile on that pretty face of yours. You deserve the world.

@ 7f6db517:a4931eda

---

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

---

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

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

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

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

---

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

@ 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

@ f85b9c2c:d190bcff

Fully devoted to Jesus: Mark 10:28 (NIV) Then Peter spoke up, “We have left everything to follow you!”

As a Christian, you received Jesus into your life because the Holy Spirit revealed to you the glory of God in Jesus and your heart melted at His sight.

You became aware of your lostness, wickedness, and hopelessness without a savior so you surrendered to Him and asked him to save you. You asked Him to become the lord of your life. The first apostles were clear about something, they had to surrender everything in order to follow Jesus. When they yielded to Jesus as Lord it meant He was Lord of all.

Yes, everything. Yes, all.

They surrendered work, possessions, essentially their lives — Mark 1:18 (NIV) At once they left their nets and followed him. They were literally fully devoted to Jesus.

They modeled 1 Kings 8:61 Let your heart therefore be wholly devoted to the Lord our God, to walk in His statutes and to keep His commandments, as at this day.”It might not look identical to the apostles calling but it should have the same motive behind it. When Jesus becomes your Lord, He should have complete control over your, . Relationship

.Money

.Possessions

.Career

.Kids

.Time

.Mouth

.Mind

.Body

.Everything

Have a blissful Sunday 🙏.

@ 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

@ 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

• 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

@ 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

@ 5d4b6c8d:8a1c1ee3

How'd everyone do on their ~HealthAndFitness goals today?

I got pretty good sleep, stuck to my fast pretty well, didn't eat much junk food, and was pretty active with chores and errands. Not a particularly strong day, but not a weak on, either.

https://stacker.news/items/994000

@ 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.

---

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

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

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

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

Current Nostr Stats

---

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

@ 9ca447d2:fbf5a36d

The third annual Bitcoin FilmFest (aka BFF25) proved once again that sovereign minds and decentralized culture thrive together.

For four electrifying days in Poland’s capital, the festival’s rallying call—’Fix the money, fix the culture‘—wasn’t just a slogan but a living, breathing movement.

From May 22-25, 2025, Warsaw buzzed with cinematic innovation, Bitcoin philosophy, and artistic vibe marking this gathering as truly incomparable.

Rebel Tribe with Unfiltered Creativity

With 200+ attendees from 20+ countries – primarily Poland, Czech Republic, the UK and Germany (~70% combined), plus representation from Spain, Italy, USA, Turkey and 15+ other nations including Thailand, Israel, Dubai and Latin America—BFF25 became a true global hub of freedom-fighters at heart. 

The European Pizza Day opener (May 22), celebrating Bitcoin’s first real-world transaction, saw rainy evening weather that couldn’t dampen the energy.

With concerts by Roger9000 and ABBE plus DJ sets from MadMunky, 2140 collective w/Airklipz and G.O.L.D., all early arrivals had a memorable start.

Dual Focus on Film and Bitcoin Culture

• Seven film workshops and seven hands-on sessions running parallel across Friday and Saturday at Amondo Cinema Club. Film: Martin Piga, Oswald Horowitz, Psyfer, Juan Pablo Mejía, Kristina Weiserova, Rare Passenger, Noa Gruman & Lahav Levi (Scardust). Bitcoin/Nostr: Aleks Svetski, Ioni Appelberg, Flash,  CryptoSteel, Bitrefill, Polish Bitcoin Association, Bitvocation.

• The Community Stage (Friday to Sunday afternoon) gave important space for both projects and individuals discussing their work and passions.
  Everything from music, art, fiction, Nostr, personal sovereignty to Polish-language debates on Bitcoin’s state and its possible future.

• Onscreen, 9 cinematic blocks from Friday to Sunday featured titles like UNBAKABLE, REVOLUCIÓN BITCOIN, HOTEL BITCOIN, PLANDEMIC: THE MUSICAL, plus shorts on new media (AI/experimental cinema), parallel communities (outcast cinema), and newly released pilots.

• Cinematic shark-tank with a €3,000 bounty: 8 contestants

  • Martin Piga: “PARALLEL SPACES”
  • Kristina Weiserova: “PUZZLE”
  • Aaron Koenig : “SATOSHI’S LAST WILL”
  • Philip Charter: “21 FUTURES”
  • Jenna Reid: “WHERE DO WE GO FROM HERE?”
  • Mr Black: “A LODGING OF WAYFARING MEN”
  • Oswald Horowitz: “THE LEGEND OF LANDI”
    The event ended with Jenna winning.

• Official Gala: Golden Rabbits 2025 crowned:

  • HOTEL BITCOIN by Manuel Sanabria & Carlos “Pocho” Villaverde (Best Story)
  • SATOSHI: THE CREATION OF BITCOIN by Arthur Machado (Best Short)
  • REVOLUCIÓN BITCOIN by Juan Pablo Mejía (Audience Choice)
  • NO MORE INFLATION by Maiku Tsukai’s aka Bitcoin Shooter (Best Film)

Nights Charged with Music and Unscripted Surprise

The festival’s legendary afterparties kept the energy high—Friday’s underground gathering at Morph Club (ex-Barbazaar) featured Aaron Koening’s live concert and 2140 DJs (Akme + Andy Princz).

The weekend’s unforgettable moment came when Noa Gruman took the stage with “MY HEAVEN” (Scardust original) and “40HPW” — her powerful tribute to Bitcoin podcasts and Bugle.News.

Lightning-Powered Innovation, and Extras

• Lightning in Action: Flash enabled instant Bitcoin payments across both main venues (Amondo + Samo Centrum, merch stations, and online shop)

• IndeeHub Backstage Pass: Attendees unlocked exclusive access to Lightning-powered VOD featuring selected films from BFF23-25

• BFF TV: Kiki (El Salvador) broadcasting live interviews, event clips, and trailers. Day One, and Day Two to rewatch online.

• Comedy Strike: Robert Le Ricain’s Gala stand-up proved Bitcoiners pack brains and humor—in equal measure.

A Community-Driven Cultural Experience

Bitcoin FilmFest wasn’t just an event—it was proof that culture shifts when money gets fixed. Mark your calendars for June 2026 and the next edition. More info and tickets going on sale soon.

@ 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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---

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...

Building things of value is satisfying.

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@ 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

@ 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.

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

@ a10260a2:caa23e3e

Last Updated: May 31, 2025

First off, big shoutout to Coinos for having support for adding a memo to BOLT12 offers. This provides a solid alternative for the pleb who wants to support mining decentralization but doesn’t want to set up a CLN node and pay thousands of sats for a channel only to get little rewards. This is the case for most of us who only have a miner or two (e.g. a Bitaxe and/or an S9).

Before we get into setting up Lightning payouts, you’ll want to have your miner configured to mine with OCEAN of course. You’ll also want to make sure that the bitcoin address you use is from a wallet that supports signing messages.

These are the ones listed in the OCEAN docs:

• Bitcoin Knots/Bitcoin Core
• Coldcard
• Electrum
• LND (Command Line)
• Seedsigner
• Sparrow
• Specter
• Trezor

I checked one of my favorite, user-friendly wallets — Blue Wallet — and it happens to support signing messages as well.

Just tap the three dots on the upper right and you’ll see the “Sign/Verify Message” button at the bottom.

Update [January 18]: You can now use Coinos to sign by going to https://coinos.io/sign

The trick here is to not refresh the page. In other words, when you're logged in to your Coinos account, go to the URL and use the legacy address (starts with a "1") that's displayed to configure your miner(s). If you refresh the page, you're going to get a new address which will cause the signing to fail later on. Remember, keep the tab open and don't refresh the page.

Whichever wallet you choose, generate a receive address to use when configuring your miner (it’ll also be your OCEAN username).

Here’s how it looks on the Bitaxe (AxeOS)…

And the Antminer S9 (Braiins OS).

NOTE: There’s a slight difference in the URL format between the two apps. Other than that, the username will be your bitcoin address followed by the optional “.” + the nickname for your machine.

You can find more details on OCEAN’s get started page.

---

Alright, now that your miner is pointed at OCEAN. Let’s configure Lightning payouts!

Generating the BOLT12 Offer

In the Coinos app, go to Receive > Bolt 12. This should be opened in another tab from the one we're using to sign the the configuration message.

Tap “Set memo” and set it to “OCEAN Payouts for [insert your bitcoin address]” (this text is case-sensitive). Use the same bitcoin address you used above to configure your miner(s).

After tapping OK, copy the BOLT12 offer (it should start with “lno”) and proceed to the next step.

Generating the Configuration Message

Navigate to the My Stats page by searching for your OCEAN Bitcoin address.

The click the Configuration link next to Next Block to access the configuration form.

Paste the BOLT12 offer here, update the block height to latest, click GENERATE, and copy the generated unsigned message.

Signing the Configuration Message

To sign the generated message, go back to Blue Wallet and use the signing function. Paste the configuration message in the Message field, tap Sign, and copy the signed message that’s generated.

If you're using Coinos to sign, return to the page that you kept open (and didn't refresh) and do the same. Paste the configuration message, click submit, and copy the signed message.

Submitting the Signed Message

Once signed, copy the signature, paste it in the OCEAN configuration form, and click CONFIRM.

If all goes well, you should see a confirmation that the configuration was successful. Congrats! 🎉

All you gotta do now is sit back, relax, and wait for a block to be found…

Or you can look into setting up DATUM. 😎

@ 7f6db517:a4931eda

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

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

— ODELL (@ODELL) October 27, 2022

The Basics

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

There is no 'Lightning Network'

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

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

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

Lightning in Practice

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

Sovereign Lightning

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

The Potential Fracture of Lightning

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

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

Summary

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

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

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

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

@ 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.
• #FREESAMOURAI

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@ 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.

@ 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

@ d360efec:14907b5f

@ 7f6db517:a4931eda

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

— ODELL (@ODELL) December 14, 2022

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

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

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

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

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

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

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

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

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

@ 7f6db517:a4931eda

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

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

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

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

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

Full Text of Bill

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

@ d360efec:14907b5f

@ 7f6db517:a4931eda

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

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

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

nostr is to twitter as bitcoin is to paypal

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

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

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

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

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

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

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

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My Nostr Public Key: npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

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

@ 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

@ ece127e2:745bab9c

vamos a ver que tal

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*lo bueno es que si entro en https://makimono.lumilumi.app/ a la nota y agrego contenido , como éste ...quiero ver si lo añade o hace una nueva nota ?? *

@ d360efec:14907b5f

@ 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

@ c2865f41:eaff678a

Unwilling to investigate. No interpellation of neighbors, witnesses, experts. No report emitted commenting on the petition, but just ignoring to answer. As such O.S.R. calls upon the justice system to address the wrongs. The analog drawing of geometer at the time of entree in the register of the O.S.R property

See the map attached, it is annotated and self-explaining, could not be clearer. O.S.R challenges the court to convoke when still alive), and any explanation he can give as to his drawing, now ignored by the same instance(Plav Cadastre) that mandated him in the first place. The example record

See attachment: the example record is out of a Swiss register, note the precise identity and details, address etc. of the owner of said parcel. That is what the constitution of Montenegro subscribes to: to have similar practices respected. The trail into the forest See attachment, another supporting map, as an example of the practices that are pertinent to justify an immediate injunction by the court, of all activities on the contested parcels.

@ 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

@ 7f6db517:a4931eda

---

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

---

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

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

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

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

---

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

@ 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.

• 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

@ 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

@ 2e8970de:63345c7a

Enfortumab Vedotin and Pembrolizumab doubled survival rates, with fewer serious side effects in advanced bladder cancer.

https://www.nejm.org/doi/full/10.1056/NEJMoa2312117

https://stacker.news/items/993799

@ 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

@ 8bad92c3:ca714aa5

Marty's Bent

via me

It seems like every other day there's another company announced that is going public with the intent of competing with Strategy by leveraging capital markets to create financial instruments to acquire Bitcoin in a way that is accretive for shareholders. This is certainly a very interesting trend, very bullish for bitcoin in the short-term, and undoubtedly making it so bitcoin is top of mind in the mainstream. I won't pretend to know whether or not these strategies will ultimately be successful or fail in the short, medium or long term. However, one thing I do know is that the themes that interest me, both here at TFTC and in my role as Managing Partner at Ten31, are companies that are building good businesses that are efficient, have product-market-fit, generate revenues and profits and roll those profits into bitcoin.

While it seems pretty clear that Strategy has tapped into an arbitrage that exists in capital markets, it's not really that exciting. From a business perspective, it's actually pretty straightforward and simple; find where potential arbitrage opportunities exists between pools of capital looking for exposure to spot bitcoin or bitcoin's volatility but can't buy the actual asset, and provide them with products that give them access to exposure while simultaneously creating a cult-like retail following. Rinse and repeat. To the extent that this strategy is repeatable is yet to be seen. I imagine it can expand pretty rapidly. Particularly if we have a speculative fervor around companies that do this. But in the long run, I think the signal is falling back to first principles, looking for businesses that are actually providing goods and services to the broader economy - not focused on the hyper-financialized part of the economy - to provide value and create efficiencies that enable higher margins and profitability.

With this in mind, I think it's important to highlight the combined leverage that entrepreneurs have by utilizing bitcoin treasuries and AI tools that are emerging and becoming more advanced by the week. As I said in the tweet above, there's never been a better time to start a business that finds product-market fit and cash flows quickly with a team of two to three people. If you've been reading this rag over the last few weeks, you know that I've been experimenting with these AI tools and using them to make our business processes more efficient here at TFTC. I've also been using them at Ten31 to do deep research and analysis.

It has become abundantly clear to me that any founder or entrepreneur that is not utilizing the AI tools that are emerging is going to get left behind. As it stands today, all anyone has to do to get an idea from a thought in your head to the prototype stage to a minimum viable product is to hop into something like Claude or ChatGPT, have a brief conversation with an AI model that can do deep research about a particular niche that you want to provide a good service to and begin building.

Later this week, I will launch an app called Opportunity Cost in the Chrome and Firefox stores. It took me a few hours of work over the span of a week to ideate and iterate on the concept to the point where I had a working prototype that I handed off to a developer who is solving the last mile problem I have as an "idea guy" of getting the product to market. Only six months ago, accomplishing something like this would have been impossible for me. I've never written a line of code that's actually worked outside of the modded MySpace page I made back in middle school. I've always had a lot of ideas but have never been able to effectively communicate them to developers who can actually build them. With a combination of ChatGPT-03 and Replit, I was able to build an actual product that works. I'm using it in my browser today. It's pretty insane.

There are thousands of people coming to the same realization at the same time right now and going out there and building niche products very cheaply, with small teams, they are getting to market very quickly, and are amassing five figures, six figures, sometimes seven figures of MRR with extremely high profit margins. What most of these entrepreneurs have not really caught on to yet is that they should be cycling a portion - in my opinion, a large portion - of those profits into bitcoin. The combination of building a company utilizing these AI tools, getting it to market, getting revenue and profits, and turning those profits into bitcoin cannot be understated. You're going to begin seeing teams of one to ten people building businesses worth billions of dollars and they're going to need to store the value they create, any money that cannot be debased.

Grant Gilliam, one of the co-founders of Ten31, wrote about this in early 2024, bitcoin being the fourth lever of equity value growth for companies.

[

Bitcoin Treasury - The Fourth Lever to Equity Value Growth

Most companies do not hold enough bitcoin There is a saying you often hear in bitcoin circles that “you can never have enough bitcoin.” This is typically expressed by those who have spent the time to both understand bitcoin’s unique and superior monetary properties and also to appreciate why tho

Ten31 - Investors in bitcoin infrastructure and freedom techGrant Gilliam

](https://ten31.vc/insights/treasury?ref=tftc.io)

We already see this theme playing out at Ten31 with some of our portfolio companies, most notably Strike, which recently released some of their financials, highlighting the fact that they're extremely profitable with high margins and a relatively small team (~75). This is extremely impressive, especially when you consider the fact that they're a global company competing with the likes of Coinbase and Block, which have each thousands of employees.

Even those who are paying attention to the developments in the AI space and how the tools can enable entrepreneurs to build faster aren't really grasping the gravity of what's at play here. Many are simply thinking of consumer apps that can be built and distributed quickly to market, but the ways in which AI can be implemented extend far beyond the digital world. Here's a great example of a company a fellow freak is building with the mindset of keeping the team small, utilizing AI tools to automate processes and quickly push profits into bitcoin.

via Cormac

Again, this is where the exciting things are happening in my mind. People leveraging new tools to solve real problems to drive real value that ultimately produce profits for entrepreneurs. The entrepreneurs who decide to save those profits in bitcoin will find that the equity value growth of their companies accelerates exponentially as they provide more value, gain more traction, and increase their profits while also riding the bitcoin as it continues on its monetization phase. The compounded leverage of building a company that leverages AI tools and sweeps profits into bitcoin is going to be the biggest asymmetric play of the next decade. Personally, I also see it as something that's much more fulfilling than the pure play bitcoin treasury companies that are coming to market because consumers and entrepreneurs are able to recive and provide a ton of value in the real economy.

If you're looking to stay on top of the developments in the AI space and how you can apply the tools to help build your business or create a new business, I highly recommend you follow somebody like Greg Isenberg, whose Startup Ideas Podcast has been incredibly valuable for me as I attempt to get a lay of the land of how to implement AI into my businesses.

America's Two Economies

In my recent podcast with Lyn Alden, she outlined how our trade deficits create a cycle that's reshaping America's economic geography. As Alden explained, US trade deficits pump dollars into international markets, but these dollars don't disappear - they return as investments in US financial assets. This cycle gradually depletes industrial heartlands while enriching financial centers on the coasts, creating what amounts to two separate American economies.

"We're basically constantly taking economic vibrancy out of Michigan and Ohio and rural Pennsylvania where the steel mills were... and stuffing it back into financial assets in New York and Silicon Valley." - Lyn Alden

This pattern has persisted for over four decades, accelerating significantly since the early 1980s. Alden emphasized that while economists may argue there's still room before reaching a crisis point, the political consequences are already here. The growing divide between these two Americas has fueled populist sentiment as voters who feel left behind seek economic rebalancing, even if they can't articulate the exact mechanisms causing their hardship.

Check out the full podcast here for more on China's man

@ 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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@ 9ca447d2:fbf5a36d

When making critical decisions about investments, company acquisitions, or capital deployment, organizations rely on a fundamental tool: the hurdle rate. This is the minimum rate of return that a project or investment must achieve to be considered viable by managers or investors. 

The hurdle rate is not just a number — it’s a filter that separates promising opportunities from those that don’t justify the risk.

It acts as a crucial benchmark. If the expected return on an investment falls below the hurdle rate, that opportunity is typically rejected.

Setting this rate involves a careful consideration of several factors, including the company’s cost of capital, specific risk profile, inflation rates, and opportunity cost of allocating resources elsewhere.

In essence, the hurdle rate ensures that only projects with the potential to create real value move forward.

Bitcoin has emerged as a disruptive and compelling candidate for a new kind of hurdle rate in capital allocation. Its unique properties challenge the conventions of traditional finance and invite a new thought pattern of what’s considered an appropriate benchmark. 

Bitcoin’s fixed supply (capped at 21 million), and its decentralized, borderless nature makes it fundamentally resistant to inflation and debasement, unlike fiat currencies that can be printed at will by central banks.

Here’s the real question for investors and fund managers: if your portfolio or fund consistently fails to outperform bitcoin, at what point do you simply start allocating to bitcoin instead?

This isn’t rocket science. Over the past decade, bitcoin has not only outperformed traditional assets, but has also redefined what investors should expect as a minimum acceptable rate.

Asset classes comparison since 2013 — Seeking Alpha

The numbers speak for themselves.

From 2013-2023, bitcoin delivered the highest annual return in 8 out of those 11 years. This is not a fluke or a bubble, it’s a decade-long trend that demands attention from anyone serious about capital growth.

Typically, most investment managers use the S&P 500 as their benchmark hurdle rate. Will their potential investment generate more return than the S&P? If not, it’s usually dismissed. 

Since 1970, the S&P 500 has provided an average annual return of 10.66%. Investment managers routinely reject ideas that can’t beat this average, recognizing that anything less is not worth the risk or effort.

But what happens when we compare this to bitcoin?

Over the last 10 years, bitcoin’s average annual return has been an astonishing 49%. While it’s unlikely that this rate will persist forever, it’s impossible to ignore the magnitude and consistency of bitcoin’s outperformance. 

Bitcoin hasn’t just beat the S&P—it’s outperformed every major asset class, including gold, treasuries, real estate, commodities, and equities.

Of course, past performance isn’t a guarantee of future results. So the question becomes: can bitcoin continue to deliver, and are we ready to use it as a benchmark for investment decisions? 

To answer this, it’s essential to understand the underlying forces driving bitcoin’s price appreciation.

Several macroeconomic factors contribute to bitcoin’s rise, including money printing, economic uncertainty, and the ongoing debasement of fiat currencies.

When governments print money or run deficits, confidence in traditional currencies erodes. In such environments, investors naturally seek scarce assets, historically gold, and now increasingly bitcoin.

Consider the current fiscal reality: the United States is burdened with over $36 trillion in national debt, and there’s little indication that the money printing will stop.

This environment only strengthens the case for bitcoin as a store of value and as a benchmark for capital allocation. Bitcoin’s staying power is becoming undeniable.

Those who fail to adapt, risk being left behind. We’re already witnessing the early stages of institutional and corporate adoption, and it’s only a matter of time before bitcoin becomes a standard reference point for hurdle rates across the investment world.

Visionary leaders like Michael Saylor of Strategy, have openly discussed the challenges of outperforming the world’s top companies.

Saylor recognized that if your investment, company, or project cannot reasonably be expected to outperform bitcoin, it may be more rational to simply hold bitcoin itself.

MSTR performance compared to bitcoin, Magnificent 7 and S&P500 — aicoin

In a world where bitcoin has established itself as the premier performing asset, the message is clear: if you can’t beat bitcoin, why not join it? 

Just buy bitcoin.

@ 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

@ 0970cf17:135aa040

{"pattern":{"kick":[true,false,true,false,true,false,true,false,true,false,true,false,true,false,true,false],"snare":[false,true,false,true,false,true,false,true,false,true,false,true,false,true,false,true],"hihat":[true,false,true,true,false,false,true,true,false,false,true,true,false,false,true,true],"openhat":[true,false,false,true,false,false,false,false,true,false,false,true,false,false,true,false],"crash":[false,false,true,false,false,false,true,false,false,false,false,true,false,false,true,false],"ride":[false,false,true,false,false,false,false,true,false,false,false,true,false,false,true,false],"tom1":[false,true,false,false,true,false,false,true,false,false,true,false,true,false,true,false],"tom2":[true,false,false,false,true,false,false,false,false,true,false,true,false,false,true,false]},"bpm":220,"swing":0,"timeSignature":"4/4","drumKit":"standard","timestamp":1748716320785}

@ 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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@ 7f6db517:a4931eda

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

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

— ODELL (@ODELL) September 16, 2018

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

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

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

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

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

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@ 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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@ 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

@ 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

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

Live Free or Die.

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

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

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

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

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

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@ 90c656ff:9383fd4e

Since its launch in 2009, Bitcoin has attracted the attention of a wide range of investors and visionaries who believe in its potential to revolutionize the global financial system. Over the years, several figures have stood out within the movement—either as pioneers who helped build it or as investors who bet on its future. These individuals have played crucial roles in Bitcoin's development, its growing adoption, and its legitimacy in financial markets.

• Satoshi Nakamoto

The most significant Bitcoin pioneer is undoubtedly its creator, Satoshi Nakamoto. Although the name is a pseudonym, Nakamoto's contribution to the creation and launch of Bitcoin was foundational. In 2008, Nakamoto published the famous whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency that could operate without the need for a central authority like a bank. In 2009, he released the Bitcoin software and mined the first block of the blockchain—the “genesis block.”

Nakamoto remained a mysterious figure and gradually withdrew from public involvement around 2011, leaving the project in the hands of a growing community of developers. Though his identity remains unknown, his impact on ushering in a new digital era is undeniable.

• Hal Finney

Hal Finney was one of Nakamoto’s earliest collaborators and is widely known as the first person to receive a Bitcoin transaction. In January 2009, he received 10 bitcoins from Nakamoto as part of an early test, becoming one of the first believers in the project. Finney, a respected programmer and cryptography expert, played a vital role in Bitcoin’s early technical development and helped promote it within the digital privacy community.

He was a dedicated advocate for decentralized technologies and supported Bitcoin until his death in 2014. Finney is remembered as a key pioneer of digital currency.

• Roger Ver

Known as “Bitcoin Jesus,” Roger Ver was one of the first investors and outspoken advocates for Bitcoin. Captivated by the idea of decentralized money, Ver made early investments in various Bitcoin-related startups and projects. He quickly recognized Bitcoin’s disruptive potential and became a leading voice promoting its adoption as a payment method and financial tool.

Ver was instrumental in creating companies and initiatives that supported Bitcoin's early ecosystem. Although he later became a controversial figure—due to his advocacy for Bitcoin Cash as an alternative to the original Bitcoin blockchain—his contributions to Bitcoin's early popularity remain significant.

• Tim Draper

Tim Draper is one of the most prominent venture capitalists in the Bitcoin space. In 2014, he famously purchased nearly 30,000 bitcoins from a U.S. government auction, following the shutdown of the Silk Road marketplace. Draper paid approximately $19 million for the coins and has since become a public advocate for Bitcoin as a viable alternative to fiat currencies.

As the founder of Draper Associates, he is known for his long-term vision and conviction in the potential of cryptocurrencies. Draper frequently promotes Bitcoin as a tool for democratizing finance and anticipates its mass adoption in the coming years.

• Michael Saylor

Michael Saylor, CEO of MicroStrategy, is a leading figure in institutional Bitcoin adoption. In 2020, he made headlines by purchasing over 100,000 bitcoins for his company—making MicroStrategy the first publicly traded company to adopt Bitcoin as a treasury reserve asset. Saylor has since become a vocal proponent of Bitcoin as a hedge against inflation and a superior store of value compared to fiat money.

His bold move has helped legitimize Bitcoin in the corporate world and inspired other companies to follow suit. Saylor continues to assert that Bitcoin is the future of finance and that MicroStrategy’s strategy serves as a model for corporate treasury management in the digital age.

In summary, the pioneers and investors who helped grow and promote Bitcoin have played essential roles in the evolution of this disruptive technology. From the enigmatic Satoshi Nakamoto to key figures like Hal Finney, Roger Ver, Tim Draper, and Michael Saylor, Bitcoin has been shaped by individuals with a unique vision for the future of money and financial freedom. Through their belief and perseverance, they helped lay the foundation for Bitcoin’s global adoption—transforming it from a radical idea into a revolutionary force in the financial system. While Bitcoin’s future will depend on its continued innovation and broader adoption, the contributions of these early leaders are undeniable.

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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@ 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

@ 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

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

@ 90c656ff:9383fd4e

Since its creation, Bitcoin has been one of the most hotly debated assets in the financial world—both by passionate supporters and skeptics. Its extreme volatility and the impact it has had on the traditional financial system have made it a constant subject of speculation. Over time, Bitcoin’s adoption has grown, sparking ongoing discussions about its future—both in terms of price and integration into the global financial system. In this context, multiple scenarios have been proposed, ranging from optimistic to cautious, depending on factors like regulation, institutional adoption, and technological innovation.

Bitcoin’s price: forecasts and influencing factors

01 - Institutional Adoption: The growing use of Bitcoin by major companies and institutional investors has been seen as a bullish driver. Companies like Tesla, MicroStrategy, and Square have added Bitcoin to their balance sheets, boosting confidence in it as a store of value. As more businesses follow suit, demand for Bitcoin could increase, pushing the price upward.

02 - Government Regulation: How governments respond to Bitcoin is one of the biggest sources of uncertainty. Heavy-handed regulation could restrict access and dampen interest, while a more favorable approach could boost adoption and support price growth. Countries like El Salvador have shown positive trends by adopting Bitcoin as legal tender, though in many others, regulation remains a significant challenge.

03 - Limited Supply: With a maximum supply of 21 million coins, Bitcoin is immune to inflationary money printing. This scarcity makes it especially attractive as a store of value, particularly during times of global economic uncertainty, potentially supporting long-term price appreciation.

04 - Technology and Scalability: Innovations like the Lightning Network and Taproot, aimed at improving scalability and transaction efficiency, could help increase Bitcoin's utility—making it more accessible for daily use and positively impacting its market value.

Global adoption of Bitcoin: The path toward financial inclusion

Bitcoin adoption is rising globally, especially in regions where traditional financial systems are inefficient or inaccessible. Countries facing economic instability, such as those plagued by high inflation or currency crises, are increasingly viewing Bitcoin as a viable alternative. Financial inclusion is a key driver of this adoption, as Bitcoin offers financial services to people excluded from the traditional banking sector.

01 - Emerging Markets: In countries like Brazil, Argentina, Nigeria, and others, demand for Bitcoin has grown as people seek to protect their assets from the devaluation of local currencies. In these regions, Bitcoin functions as both a store of value and a medium of exchange free from central authority control.

02 - Adoption by Governments and Businesses: As more companies and even governments embrace Bitcoin, its integration into the global economy could accelerate. El Salvador, for example, has shown it’s possible to adopt Bitcoin as an official currency, while more businesses are accepting it as a payment method—further legitimizing its role in global commerce.

03 - Education and Accessibility: As more people understand how Bitcoin works and appreciate its advantages—such as security, privacy, and financial freedom—adoption is likely to grow. Easier-to-use exchanges and improved wallet interfaces are making it simpler for everyday users to access and use Bitcoin.

Future scenarios: Optimism or caution?

Bitcoin's future remains uncertain, but several possible outcomes are taking shape. The optimistic scenario foresees greater price appreciation and widespread global adoption, driven by technological innovation, increased institutional trust, and the search for a decentralized alternative to the traditional financial system. In this case, Bitcoin could become a widely accepted form of payment and a global store of value, with prices reaching new all-time highs.

On the other hand, the more cautious scenario suggests that obstacles like government regulation, competition from other digital currencies, and potential technical shortcomings could prevent Bitcoin from becoming central to the financial system. Furthermore, price volatility could deter those seeking stability and security.

In summary, predictions about Bitcoin’s price and global adoption are undeniably complex and influenced by a wide range of factors. Bitcoin’s future will depend on how society, governments, and businesses respond to this new form of money. While the potential for appreciation is significant, the risks and volatility involved cannot be ignored. As global adoption increases and technology continues to evolve, it will be essential to closely monitor the developments shaping Bitcoin’s role in the global financial landscape.

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!

@ 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

@ 90c656ff:9383fd4e

With the growing digitalization of money, governments around the world have begun developing Central Bank Digital Currencies (CBDCs) in response to the rising popularity of Bitcoin. While Bitcoin represents a decentralized and censorship-resistant financial system, CBDCs are digital versions of fiat currencies, directly controlled by central banks. This emerging competition could shape the future of money and define the balance between financial freedom and state control.

Key differences between Bitcoin and CBDCs

Bitcoin and CBDCs differ in nearly every fundamental aspect:

01 - Centralization vs Decentralization: Bitcoin operates on a decentralized network where no government or entity can change the rules or censor transactions. CBDCs, on the other hand, are issued and managed by central banks, enabling greater control over the circulation and use of money.

02 - Fixed Supply vs Controlled Inflation: Bitcoin has a fixed supply of 21 million units, making it a scarce and deflationary asset. CBDCs can be issued without limits, much like traditional fiat currencies, and are subject to inflationary monetary policies.

03 - Privacy vs Surveillance: Bitcoin allows pseudonymous transactions, ensuring a certain degree of financial privacy. CBDCs may be designed to track every transaction, enabling full governmental oversight—and potentially, control over how citizens spend their money.

04 - Censorship Resistance vs State Control: Bitcoin enables anyone to transact without needing third-party approval. CBDCs, being centralized, could be used by governments to restrict undesirable transactions or even freeze funds at the press of a button.

What are governments aiming for with CBDCs?

The introduction of CBDCs is often promoted with benefits such as:

01 - Greater efficiency in financial transactions by removing intermediaries and reducing banking costs.

02 - Easier implementation of economic policies, such as direct stimulus payments or automated taxation.

03 - Enhanced ability to combat illegal activities through real-time transaction tracking.

However, these justifications raise serious concerns about the erosion of financial privacy and the expansion of government power over the monetary system.

Bitcoin as an alternative to CBDCs

The rise of CBDCs may, in fact, reinforce Bitcoin’s position as the true alternative to state-controlled money. As citizens become aware of the risks associated with a fully centralized financial system, demand for a decentralized, censorship-resistant asset like Bitcoin may increase.

01 - Protection from state control: Bitcoin empowers users with full sovereignty over their money, free from arbitrary freezes or confiscations.

02 - Preservation of financial privacy: Unlike CBDCs, which may monitor every transaction, Bitcoin offers a level of anonymity that shields individuals from excessive surveillance.

03 - Store of value against inflation: While governments can endlessly issue CBDCs, Bitcoin’s guaranteed scarcity positions it as a hedge against irresponsible monetary policy.

In summary, the competition between Bitcoin and CBDCs is set to become one of the defining financial battles of the future. As governments seek to reinforce their control through centralized digital currencies, Bitcoin remains the leading option for those who value financial independence and protection from state surveillance. The choice between a free, decentralized financial system and a monitored, government-controlled one may determine the course of the digital economy for decades to come.

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!

@ 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

@ 7f6db517:a4931eda

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

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

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

---

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

@ 7f6db517:a4931eda

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

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

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

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

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

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

---

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

---

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

@ 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.

• 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

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

---

Pregled sadržaja

1. Koji Bitcoin Novčanici su Dostupni?
2. Šta je Mnemonic Oporavak ili Seed Fraza sa 12 ili 24 Reči?
3. Kako Čuvati Seed Frazu
4. Saveti za Osiguravanje Vaše Seed Fraze
5. Šta će se Desiti sa Vašim Bitcoin-om Nakon što Umrete?
6. Kako Koristite Seed Frazu za Oporavak Vašeg Novčanika?
7. Ako je Vaša Seed Fraza Sigurna, Biće i Vaša Sredstava!

Za one koji tek ulaze u igru sa kriptovalutama, šansa da vaša Bitcoin sredstva ne budu sigurna i zaštićena može biti pomalo zastrašujuća. Srećom, postoji mnogo user-friendly Bitcoin novčanika, i svaki od njih ima izvrsnu funkciju rezervne kopije, koja vam omogućava trenutan povraćaj Bitcoin sredstava, ako vaš uređaj na kome se nalazi novčanik ikada bude zagubljen ili izgubljen. Ova funkcija, poznata kao „seed fraza“, ili seed fraza za oporavak, predstavlja jedinstveni niz reči koje će vaš novčanik generisati, i koje deluju kao password za vaše lične Bitcoin podatke. Ovaj skup reči omogućava trenutni povraćaj vaših bitcoin sredstava.

Iako možete lako zapostaviti svoju seed frazu, misleći da ćete se kasnije pozabaviti sa njom, uvek je najbolje biti proaktivan kada je reč o osiguranju zaštite vaše fraze za oporavak. Fraza za oporavak je vaša rezervna kopija – pa iako vam neće trebati svaki dan, biće kritična u slučaju da vam se novčanik pokvari. Takođe, fraza za oporavak može da omogući svima pristup vašem bitcoin-u, pa je zato veoma važno da se ona čuva na sigurnom.

U ovom članku, prikazaću vam:

1. Spisak glavnih Bitcoin hardware novčanika koje možete koristiti za skladištenje vaših Bitcoin-a.
2. Sveobuhvatan pregled mnogih metoda koje možete koristiti za čuvanje vaše seed fraze
3. Razne prednosti i mane za svaku od njih
4. Saveti koje možete da koristite da biste maksimizirali ukupnu sigurnost svoje seed fraze
5. Kako sigurno čuvati vašu seed frazu
6. Kako proslediti svoj Bitcoin u slučaju vaše smrti

Kada završite sa čitanjem, trebalo bi da ste na dobrom putu da čuvate svoju seed frazu koristeći najsigurnija i najpouzdanija dostupna sredstva, obezbeđujući najveću zaštitu svojih Bitcoin sredstava bez obzira na to šta se sa vama ili vašim digitalnim uređajima dogodi u budućnosti. Za početak ćemo dati brzi pregled hardware novčanika i šta tačno predstavlja fraza za oporavak.

Koji Bitcoin Novčanici su Dostupni?

Ispod ćete pronaći listu od nekoliko najpopularnijih novčanika koji su dostupni danas. Softverski novčanici rade na vašem telefonu ili računaru, dok su hardware novčanici namenski delovi hardvera (poput specijalizovanog fleš diska) koji omogućavaju lak i siguran pristup vašem bitcoin-u uz jaku sigurnost.

• Coldcard (hardverski novčanik)
• Blockstream Jade (hardverski novčanik)
• Electrum (softverski novčanik)
• Sparrow (softverski novčanik)

Svaki od ovih novčanika će vam dati seed frazu, koja se sastoji od 12 ili 24 reči, što će vam omogućiti pristup svim bitcoin adresama povezanim sa vašim novčanikom – a samim tim i svim vašim sredstvima.

Šta je Mnemonic Oporavak ili Seed Fraza sa 12 ili 24 Reči?

Najjednostavnije rečeno, seed fraza je niz određenih reči u kojima se nalaze sve potrebne informacije kako bi se u potpunosti povratila vaša Bitcoin sredstva. Koji god novčanik odlučite da koristite, generisaće jedinstvenu seed frazu, posebno za vas, a taj softver će vas uputiti da čuvate seed frazu na neki način, gde će biti dostupna u slučaju nužde. Seed fraza će biti jedinstvena i obično sadrži od 12 ili 24 reči, od kojih se neke mogu ponoviti. Pre nego što sačuvate seed frazu, pročitajte odeljak 4) sa našim savetima!

Seed fraza omogućava pristup vašim bitcoin sredstvima svima koji je poseduju- omogućavajući vam da povratite sredstava ako vam se novčanik pokvari, ili omogućavajući lopovu da dobije pristup vašim bitcoin-ima.

To čini vašu seed frazu vrednom poput zlatne poluge. Zbog toga je pravilno čuvanje vaše seed fraze veoma važno – morate uravnotežiti lak način oporavka i sigurnost protiv krađe i hakovanja. Međutim, s obzirom da je vaša seed fraza samo niz reči, ona se može snimati i skladištiti na mnogo jednostavniji način (i mnogo jeftinije!) od zlatne poluge – čineći je potencijalno mnogo sigurnijom.

Primarna svrha seed fraze je da ima neku vrstu fizičkog sredstva za povraćaj Bitcoin sredstava ako vas izneveri novčanik. To uključuje ako vam se sruši sistem na računaru, ako vam se ošteti hard disk, izgubite telefon ili razbijete hardware novčanik – u svakom slučaju gde vaš novčanik postane nepristupačan.

Seed fraze zasnivaju se na specifikacijama otvorenog koda kompatibilnim sa Bitcoin protokolom, što znači da dok god imate svoju seed frazu, možete koristiti mnoge druge vrste novčanika da biste povratili pristup svom bitcoin-u. Recimo da danas posedujete Trezor, ali za 10 godina vam se uređaj pokvari ili Trezor prestane da posluje – možete jednostavno kupiti drugačiji hardware novčanik ili skinuti novčanik na svoj telefon, i pomoću svoje seed fraze povratiti pristup svojim bitcoin-ima.

Kako seed fraza funkcioniše?

Seed fraze funkcionišu slično kao i bilo koji drugi oblik koda, pri čemu svaka reč predstavlja numeričku vrednost koju novčanik razume. Fraze se generišu nasumično na osnovu unapred određene baze reči. Iako ponekad imate mogućnost da smislite sopstvenu seed frazu, omogućavanje novčaniku da generiše seed frazu je najbolja opcija za vašu sigurnost.

Jedna od prednosti koja je svojstvena prirodi seed fraza je ta što se u njima koriste stvarne prepoznatljive reči na engleskom jeziku koje se mogu izvesti i upamtiti bez obzira na male greške kao rezultat ružnog rukopisa. Ovo je suprotno od mnogih drugih nasumično generisanih passworda, gde svaki karakter mora biti jasno čitljiv da bi se password mogao pravilno kreirati, jer su oni jednostavno niz slučajnih karaktera. Stoga seed fraze imaju i prednosti randomizacije, kao i prednosti lako prepoznatljivih i uobičajenih reči.

Zašto Niko Ne Može da Predpostavi Seed Frazu?

Mogli biste da pomislite da bi niz od 24 reči možda bio lak nekome da ga pretpostavi, ili da bi nekome bilo isplativo da napravi računarski ciklus mogućih kombinacija, dok ne pronadje novčanik koji sadrži neke bitcoin-e kako bi mogao da ih ukrade.

Reči za frazu za oporavak ili seed frazu dolaze sa liste koja se sastoji od 2048 reči – pa čak i seed od 12 reči za Bitcoin novčanik ima 2048^12 kombinacija ili 2^132. Procenjuje se da u univerzumu postoji 10^21 zvezda, pa je nepotrebno reći da ovo predstavlja mnogo mogućih kombinacija. Čak i kada bi svaki čovek na Zemlji danas imao 1.000.000 novčanika (čak i bez adresa), to bi iznosilo samo 7.800.000.000.000.000 novčanika – što je oko 2^53. Ovo čini negde oko polovine mogućih kombinacija, ali to bi sakrilo snagu eksponencijalnog rasta.

Kada bi svi na svetu imali po 1.000.000 bitcoin novčanika, mi bismo i dalje koristili samo 0.000000000000000000000001654% od svih mogućih novčanika. To je neuporedivo teže nego pronaći jedno određeno zrno peska u celokupnom pesku koji se nalazi na Zemlji.

Čak i taj pronalazak određenog zrna peska na ovoj plaži bila bi kao šetnja parkom nasuprot pogađanju bilo koje random seed fraze.

Dakle, prilično je sigurno reći da niko uskoro neće pokušati da pogadja bitcoin novčanike. Bila bi potrebna vojska računara i veoma dugačak vremenski period da se pronadje samo jedan novčanik sa sredstvima u tom prostranstvu.

Kako Čuvati Seed Frazu

Neverovatno je važno kako zapisujete i skladištite svoju seed frazu, s obzirom na ogromnu količinu moći koju će oni koji je poseduju imati nad vašim Bitcoin sredstvima. Takođe, budući da je poenta seed fraze da bude lako dostupna gde i kada vam zatreba, čuvanje na nekom sigurnom, ali i pristupačnom mestu, je neophodno. Specifična metoda koju koristite za transkripciju vaše seed fraze je takođe važna, bez obzira na to kako se čuva, jer se neke metode transkripcije pokazale mnogo sigurnijim od drugih.

Pogledajte naš odeljak sa savetima, pre nego što zapišete svoju seed frazu!

Preporučujemo vam da fizički sačuvate svoju seed frazu nakon što vam je softver ili hardware novčanik isporuči. Fizičko skladištenje čini vašu seed frazu manje otvorenom za hakere koji bi mogli da vam ukradu frazu za oporavak iz digitalne memorije vašeg računara ili pametnog telefona.. Međutim, mnogi ljudi će i dalje odabrati neki oblik digitalnih sredstava za čuvanje svojih seed fraza, bilo zato što je to dominantno sredstvo ili jednostavno kao dodatni oblik rezervne kopije. Hajde da pogledajmo kako fizička, a tako i digitalna sredstva koja možete koristiti za čuvanje vaše seed fraze, kako se ona koriste, i specifične prednosti i nedostatke svake od njih.

Zapisivanje Vaše Seed fraze – na Papiru ili Digitalno

Zapisivanje Vaše Seed Fraze na Papir

Naravno, najočigledniji metod unošenja vaše digitalne seed fraze u fizički svet je isti onaj metod koji biste obično koristili za unošenje bilo kog drugog oblika pisanja u fizički svet – olovkom i papirom. Jednostavno zapisivanje vaše seed fraze na papir u potpunosti može biti dovoljno da vam pruži sigurnost koju želite. Međutim, postoje neka upozorenja oko upotrebe olovke i papira koja ovu najjednostavniju metodu čine ne baš tako idealnom za čuvanje nečega toliko važnog kao što je seed fraza.

Kao prvo, sam papir je lako uništiv, a o mastilu da i ne govorimo. U slučaju poplave ili požara, papir će biti uništen, što znači da će i vaša seed fraza biti uništena zajedno sa njim. Naravno, ovo su loše vesti i za svakoga ko verovatno gubi i sav svoj hardver i opremu u požaru ili poplavi. Kao drugu stvar, papir je neverovatno lako zagubiti. Može se oduvati, pomešati sa otpadom ili jednostavno pomešati sa nečim drugim i negde izgubiti, i nikada ga više nećete videti. Iz ovih i više drugih razloga, oni koji žele da zapišu svoju seed frazu u fizički svet, često traže sredstva koja su izdržljivija i trajnija od papira.

Graviranje Vaše Seed Fraze na Čeličnoj Back-Up Ploči

Back-up ploče od nerđajućeg čelika su stvorene kako bi korisnici Bitcoin-a imali način da trajnije urežu svoje seed fraze u fizički svet od puke olovke i papira. Napravljene su od nerđajućeg čelika, na koje se vaša seed fraza može trajno urezati. Budući da je gravura napravljena na čeliku, ona će u slučaju požara ili poplave moći da traje mnogo duže od papira. Ploča može biti bilo šta, od male kartice koju možete držati u novčaniku do većeg komada koji se može trajno čuvati kod kuće ili u sefu.

Bilo koju veličinu pločice da izaberete, možete je kupiti zajedno sa alatima za samograviranje (koji nisu uvek u kompletu), što znači da korisnik ne mora da deli svoju seed frazu sa onima od kojih je kupio ploču. Budući da su ove ploče stvorene posebno za potrebe izdržavanja katastrofe, obično sadrže brojne garancije o njihovoj trajnosti, otporne su na bilo koje elemenate koje možete baciti na njih, od vode do vatre, kao i od prekomernog korišćenja i habanja.

Što se tiče back-up ploča od nerđajućeg čelika, svaki proizvođač nudi svoj jedinstveni spin. Pogledajmo 5 najboljih proizvođača back-up ploča od nerđajućeg čelika na tržištu i da vidimo kako su se pokazali:

Cryptosteel

Sa sedištem u Velikoj Britaniji, Cryptosteel nudi čelične „Kapsule“ i „Kasete“ sa cenom u eurima, s tim da je kapsula približno veličine laserskog pokazivača, a kaseta je veličine, pa, kasete. Kapsula košta 74 eura, a kaseta 108 eura, mada se nude popusti za velike narudžbine. Umesto da zahtevaju gravuru, svaka Kaseta ili Kapsula dolazi sa odredjenom količinom čeličnih pločica koje se mogu staviti prema redosledu vaše seed fraze.

Blockplate

Blockplate nudi čelične back-up ploče po ceni od 69 USD za dve – svaka ploča sadrži 12 reči. Njihove verzija jedne ploče, koja izgleda identično, košta 49 USD po paru. Potpuno četvrtaste i malo manje od podmetača, ove ploče vam omogućavaju da svoju seed frazu sačuvate na mreži koristeći samo prosti udarac u sredinu, nisu potrebne pločice sa slovima.

Coldbit

Coldbit nudi heavy-duty kartice sa futrolama po ceni od 69 eura i setove za graviranje za dodatnih 20 eura. Takođe se možete odlučiti da sami uradite graviranje pomoću alata koji imate kod kuće, a koji može urezati čelik, poput dijamantske Dremel burgije. Oslanjajući se na čistu doslovnu transkripciju sličnu Hodlinox pločama, ove ploče ipak nude malo veću zaštitu i neke sjajne dizajne.

Billfold by Privacy Pros

Preimenovan u Privacy Pros, brend Billfold je i dalje dostupan po ceni od 89 USD. Koristi dizajn kartice vrlo sličan Cryptosteel Kaseti, sa malim pločicama koje slažete da biste formirali svoju seed frazu.

Kriptovanje Vaše Seed Fraze i Njeno Digitalno Skladištenje

Iako se generalno preporučuje da svoju seed frazu ne skladištite digitalno, oni koji su bolje upućeni u digitalnu bezbednost, ovo mogu videti kao floskulu koja se može ignorisati. Iako laici sigurno ne bi smeli da šalju i primaju svoje seed fraze e-mailom, pravilno digitalno kriptovanje i skladištenje sredstvima poput cloud-a ili USB fleš memorije mogu biti jednako sigurna i bezbedna sredstva za skladištenje, kao i fizička sredstva, poput čeličnih back-up ploča. Takođe, kada se oba sredstva koriste zajedno, to vam pruža krajnju mrežu rezervnih kopija u slučaju bilo kakvih hitnih slučajeva.

Kriptovanje možda nije nešto što je lako za svakoga, ali postoje mnoge treće strane koji će se pobrinuti da odrade kriptovanje za vas. Obavezno diskonektujte računar sa Interneta dok unosite seed u računar i izvodite kriptovanje – ne verujte online uslugama kriptovanja!

Odatle, na vama ostaje da odlučite kako ćete da je čuvate, bilo na cloud-u ili na USB fleš memoriji. Prednost čuvanja na cloud-u je u tome što podaci nisu povezani ni sa jednim fizičkim uređajem i može im se pristupiti sa bilo kog mesta pomoću passworda na cloud-u. Međutim, to takođe znači da su podaci nešto pristupačniji nego da se čuvaju na USB fleš memoriji. Zapamtite da ako se odlučite za USB fleš memoriju, ona možda neće moći da se izdrži protiv požara i vode, baš kao što to mogu prosti nefizički podaci na cloud-u. Fleš memorija koja se koristi na USB-u takođe nije dizajnirana da traje duže od 10 godina, pa imajte i to na umu.

Digitalno čuvanje seed fraze preporučujem isključivo informatičarima tj ljudima sa dosta iskustva u kriptiranju informacija. Za 99% nas čekič i čelična pločica koju čuvamo na 2 ili 3 mesta + dodatna 13. ili 25. reč je najbolje rešenje.

Gde i Kako Čuvati Svoju Seed Frazu

Bez obzira da li ste odlučili da svoju seed frazu sačuvate na čeličnoj ploči, USB-u ili jednostavno na parčetu papira, moraćete da je stavite negde – a idealno bi bilo da je stavite na više mesta u slučaju da se jedna uništi ili izgubi.

Najbolji savet koji mogu da vam dam je gde ne trebate da čuvate svoju seed frazu. Na kraju, mesto na koje stavite svoju seed frazu najbolje je da sačuvate za sebe, i zato evo nekoliko mesta na koja definitivno ne želite da stavite seed frazu, ako želite da izbegnete da upadne u pogrešne ruke.

Ne Čuvajte Svoju Seed Frazu u…

1. Sef u Banci: Izgleda kao odlično mesto, zar ne? Pogrešno – banke prave greške, a kako sefovi postaju sve manje popularni, one prave još više grešaka!
2. Sef u Kući: Opet se čini kao odlično mesto – međutim, ovo je prvo mesto koje će provalnik potražiti. Čak i ako ne mogu da otvore sef, većinu malih kućnih sefova moguće je lako premestiti i odneti u kolicima, i kasnije ih razbiti.
3. Ispod Kreveta ili Dušeka: Klasično mesto za skrivanje novca, takođe je jedno od prvih mesta koje će provalnik pogledati.
4. U Frižideru: Možda mislite da maskiranje vašeg seed-a u posudi za hranu izgleda kao dobar način zabune, ali ovo je uobičajena taktika za skrivanje dragocenosti, pa bi provalnici mogli potražiti i ovde.
5. Ormarić za Nakit ili Fioke za Veš: To su uobičajena mesta za čuvanje drugih vrsta dragocenosti, pa će ih provalnik brzo pokrasti.

Budite kreativni, ali ne toliko kreativni da izgubite seed frazu, jer ne možete da se setite gde ste je sakrili.

Takođe je važno razmotriti i mogućnost pravljenja rezervnih kopija vašeg seed-a na više lokacija. Na taj način, čak i ako je jedno mesto potpuno uništeno (recimo da vam oluja odnese kuću), i dalje ćete da imate vaš seed na drugoj lokaciji.

Shamir-ovo Tajno Deljenje – Širite Vašu Frazu za Oporavak

Shamir-ovo Tajno Deljenje (eng. Shamir Secret Sharing), je algoritam koji vam omogućava da svoj seed podelite na više seed-ova koji su sami po sebi beskorisni. Međutim, njihovim rekombinovanjem vratićete vaš seed za oporavak.

Ovo je dobar korak ukoliko želite da podelite vaš seed sa vašim advokatom, računovođom, članovima porodice itd. – jer obezbeđuje da niko od njih nema pristup vašem celom seed-u.

Način na koji Shamir deluje je to što deli vaš seed na više manjih seed-ova koje možete predati pouzdanim pojedincima. Kada postavite Shamir-ov backup, odlučujete koliko ‘deljenja’ želite da kreirate i koliko delova je potrebno za oporavak vašeg celog seeda – na primer, možete da napravite 5 deljenja i kažete da su bilo koja 3 dela potrebna za oporavak vašeg seed-a.

Neki hardware novčanici, poput Trezor Model T, podržavaju Shamir Backups na user-friendly način.

Saveti za Osiguravanje Vaše Seed Fraze

Postoji mnogo opštih stvari koje morate imati na umu kada je reč o držanju vaše seed fraze na sigurnom. Neke od ovih stvari su samo zdrav razum, dok većini ljudi možda ništa neće pasti na pamet bez nečije pomoći. Neće sve metode biti praktične za sve čitaoce, ali imajte na umu da što više bezbednosnih metoda vežbate, vaša seed fraza će biti sigurnija. Učinite koliko god možete da vaša seed fraza bude sigurna i ona će vam biti pri ruci kada vam zatreba.

Ne Pravite Slike ili Screenshotove Vaše Seed Fraze

Ne slikanje vaše seed fraze je dovoljno jednostavno. Svaka slika koju napravite stvara dodatnu spoljnu datoteku koja se može duplirati, izgubiti ili ukrasti. Što je manji digitalni otisak vaše seed fraze, to je bolje. Međutim, postoji mnogo različitih načina na koje se mogu ukrasti fotografije vaše seed fraze, što može iznenaditi prosečnog čitaoca. Prvo, hakeri i ostale treće strane mogu da preuzmu sliku vaše seed fraze putem sigurnosnih kamera, poput onih na bankomatima. Takođe, kamere na računaru, telefonu i drugim ličnim uređajima mogu predstavljati još veći rizik. Iz ovih razloga, umanjivanje ukupne vidljivosti i izloženosti vaše seed fraze, i pre i posle dokumentovanja u fizičkom svetu, je apsolutna potreba.

Ne Izgovarajte Svoju Seed Frazu Naglas – Nikad!

Ako ste ikada razgovarali telefonom i Google Assistant vas je prekinuo, onda znate da vas stalno slušaju. Bilo da ste napolju u javnosti ili ste sami kod kuće, treće strane slušaju. Ako su te treće strane zainteresovane, možda će moći da dobiju pristup vašim ličnim podacima. Iz tog razloga, uzdržavanje od izgovaranja naglas vaše seed fraze treba smatrati vitalnim delom zaštite vaše seed fraze. Lakše je špijunirati nekoga preko zvuka, nego što je to slučaj sa vizuelnim elementima, pa izgovaranje naglas vaše seed fraze čini je mnogo podložnijom presretanju od strane onih koji je mogu zloupotrebiti.

Ne Čuvajte Svoju Seed Frazu u Password Menadžeru

Čuvanje vaše seed fraze u password menadžeru može se činiti sigurnim i prikladnim načinom izrade rezervnih kopija, ali to nosi velike rizike. Seed fraza se mnogo razlikuje od password za recimo vaš Facebook nalog. To je zato što su passwordi samo alati za potvrdu identiteta za centralizovane usluge – što znači da ako izgubite pristup računu ili budete hakovani, možete kontaktirati broj podrške i proći kroz neke korake da biste povratili kontrolu nad svojim nalogom.

Kod Bitcoin-a, prema njegovom dizajnu, ne postoji broj podrške. Ne postoji centralna stranka koja kontroliše Bitcoin transakcije, čineći ga neverovatno slobodnim i otvorenim – ali to takođe znači da morate vrlo ozbiljno da preuzmete odgovornost za svoju seed frazu. Ako padne u pogrešne ruke jer je vaš password menadžer hakovan, možete izgubiti svoje bitcoin-e.

Ne Koristite Online Usluge Oporavka Seed-a

Ako vam neki website traži da unesete svoju seed frazu – čak i ako vam se čini kao pouzdan – dobro razmislite pre nego što to učinite. Većina „usluga online oporavka“ su maskirane prevare, usresredjene samo na kradju seed fraza nevinih ljudi! Ne budi jedan od njih.

Koristite Pristupnu Frazu(dodatnu reč) da Biste Dodali još Sigurnosti

Trezor podešavanje pristupne fraze | Ledger podešavanje pristupne fraze

Ako vaš novčanik podržava dodavanje pristupne fraze, trebalo bi da je koristite. Pristupna fraza je password koji dodate svom seed-u i funkcioniše kao 13. ili 25. reč u vašoj seed frazi. Zbog toga je vaš novčanik mnogo teže ukrasti. Ako se pristupna fraza čuva na drugačijoj lokaciji od vašeg seed-a, vaši bitcoin-i su sigurni čak i ako neko dobije pristup vašoj seed frazi.

Zaštitite Svoju Seed Frazu

Bez obzira da li svoju seed frazu čuvate u digitalnom oblaku ili na čeličnoj ploči, postojanje nekog načina čuvanja koji štiti seed frazu od elemenata kao što su požar i poplava, mora se smatrati obaveznim. Kao što je već rečeno, čelične ploče mogu se napraviti da izdrže većinu katastrofa, a skladištenje na cloud-u pruža nefizička sredstva koja mogu biti jednako sigurna kao i druga sredstva ako koristite pravu enkripciju. Upotreba jednog ili oba ova sredstva može vam pomoći da vam garantuje maksimalnu zaštitu bez obzira na to šta se dogodi.

Koristite Više Metoda za Pravljenje Rezervnih Kopija Kad God Možete

Korišćenje nekoliko različitih metoda za čuvanje vaše seed fraze ima puno prednosti, ali ima i neke nedostatke ako im ne pristupite sa dovoljno pažnje. Iako vam više načina za skladištenje pruža veću zaštitu, to takođe proširuje vaš celokupni profil, što znači da postoji više područja koja su otvorena za napad. Ipak, korišćenje najmanje dve odvojene metode za pravljenje rezervnih kopija obično se smatra dobrom idejom, jer imate rezervne kopije za slučaj da vam se nešto desi! Nikad ne znate šta će se dogoditi, a u tome i jeste poenta seed fraza.

Ograničite Pristup Vašoj Seed Frazi što je Više Moguće

Naravno, neki ljudi mogu da se odluče da svoju seed frazu podele sa pouzdanom trećom stranom, kao sredstvo radi osiguranja njene zaštite, ali, generalno, što je manji broj ljudi sa kojima delite svoju seed frazu, time bolje. Vaša je lična odluka s kim ćete deliti svoju seed frazu, i u vašem je najboljem interesu da to pravo mudro koristite.

Ne Pričajte o Količini Bitcoin-a Koje Posedujete

Nekima je ovo možda najteži savet, ali možda i najvažniji. Ako niko ne zna da imate bitcoin, i koliko ga imate, smanjujete verovatnoću da će neko pokušati da dodje do vaše seed fraze ili novčanika. Zato držite jezik za zubima!

Šta će se Desiti sa Vašim Bitcoin-om Nakon što Umrete?

Kao i sa bilo kojim drugim sredstvom, trebalo bi da imate predstavu o tome kako će se postupati sa vašim Bitcoin-om nakon što umrete. S obzirom da je ovo relativno nova tema, nema puno presedana kada je reč o prenošenju i nasleđivanju Bitcoin-a. Iako mnogi mogu da pomisle da moraju da angažuju advokata, prenošenje Bitcoin-a zaista podrazumeva samo puko prenošenje vaše seed fraze, zajedno sa nekim vašim konkretnim srestvima.

Prilikom pripreme za prosleđivanje vaše seed fraze u slučaju vaše smrti, važno je zapamtiti da prosledite i detaljan zapis o svojoj digitalnoj imovini. Za razliku od fizičkih materijala, digitalna sredstva se ne mogu lako kvantifikovati fizičkom procenom. Ukoliko nije svesna da postoji, ta osoba možda neće znati šta tačno prima. Stoga, ona možda neće zaista primiti ono što ste joj namenili da nasledi. To je takođe razlog zašto bi svi trebali da drže svu svoju imovinu sažetom i što organizovanijom, u slučaju nužde.

Ako razumete engleski jezik preporučujem da pročitate knjigu: Cryptoasset Inheritance Planning od Pamela Morgan

Kako Koristite Seed Frazu za Oporavak Vašeg Novčanika?

Za većinu novčanika, upotreba seed fraze jednostavna je poput pritiskanja pravih tipki i kucanja iste. Odatle, seed fraza će vratiti sav sadržaj i podatke novčanika na bilo koji uređaj koji koristite. Na ovaj način, korišćenje seed fraze znači da možete imati novčanik kod sebe gde god da krenete, bez obzira na sve, čak i ako se novčanik izgubi ili uništi – sve što vam zaista treba je vaša seed fraza.

Opet, ne koristite nikakve online usluge za seed frazu! U najvećem broju slučajeva to su prevare.

Bez obzira da li koristite mobilni novčanik kao što je Muun ili hardware novčanik kao što su Trezor ili Ledger, sredstva za upotrebu vaše seed fraze su u osnovi ista – jedina razlika je hardver koji koristite za to. Kod aplikacija poput Muun jednostavno pokrenete aplikaciju i ona vam daje mogućnost oporavka prethodnog novčanika. Zatim ćete odabrati dužinu svoje seed fraze i uneti je tačno onako kako je prikazana.

Uz hardware novčanike poput onih koje je izradio Trezor, dobićete istu opciju za povratak kada pokrenete uređaj i instalirate firmware. Dobićete isti izbor da odredite dužinu svoje seed fraze, a zatim će zatražiti od vas da je unesete potpuno isto.

Ako je moguče uvjek koristite isti hardware/software wallet prilikom oporavka vaše seed fraze kao što ste koristili kad ste je pravili.

Ako je Vaša Seed Fraza Sigurna, Biće i Vaša Sredstava!

Na kraju dana, važno je da zapamtite da što više brige ulažete u pravilno skladištenje i zaštitu svoje seed fraze, to će vaša sredstva biti sigurnija i za vas i za vaše voljene. Digitalno doba predstavlja širok spektar novih opasnosti, a svet kriptovaluta je leglo za većinu njih.

Ako želite da preduzmete proaktivne mere u obezbeđivanju najveće zaštite vašeg bitcoin-a, čuvanje vaše seed fraze na sigurnom i pristupačnom mestu je neophodno. Vaša seed fraza možda sada ne izgleda kao velika stvar, ali će izgledati kao velika stvar kada dođe vreme da je upotrebite. Ukoliko želite da vi i vaša Bitcoin sredstva budete zaštićeni u slučaju nužde ili čak u slučaju vaše smrti, preduzimanje odgovarajućih sredstava za čuvanje i zaštitu vaše seed fraze je osnovni prvi korak.

@ 7f6db517:a4931eda

Humanity's Natural State Is Chaos
Without order there is chaos. Humans competing with each other for scarce resources naturally leads to conflict until one group achieves significant power and instates a "monopoly on violence."

Power Brings Stability
Power has always been the key means to achieve stability in societies. Centralized power can be incredibly effective in addressing issues such as crime, poverty, and social unrest efficiently. Unfortunately this power is often abused and corrupted.

Centralized Power Breeds Tyranny
Centralized power often leads to tyrannical rule. When a select few individuals hold control over a society, they tend to become corrupted. Centralized power structures often lack accountability and transparency, and rely too heavily on trust.

Distributed Power Cultivates Freedom
New technology that empowers individuals provide us the ability to rebuild societies from the bottom up. Strong individuals that can defend and provide for themselves will help build strong local communities on a similar foundation. The result is power being distributed throughout society rather than held by a select few.

In the short term, relying on trust and centralized power is an easy answer to mitigating chaos, but freedom tech tools provide us the ability to build on top of much stronger distributed foundations that provide stability while also cultivating individual freedom.

The solution starts with us. Empower yourself. Empower others. A grassroots freedom tech movement scaling one person at a time.

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

@ 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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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...

Building things of value is satisfying.

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@ 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

@ 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.

@ eb0157af:77ab6c55

The company unveils a service to generate returns from the Lightning Network while maintaining full control over one’s bitcoin.

Amboss, a company dedicated to developing the Lightning Network ecosystem, has announced the launch of Rails, a platform that enables users to earn yields on their bitcoin while retaining complete custody.

Rails stands out as the first fully self-custodial yield-generation service built specifically for the Lightning Network. Users can act as Liquidity Providers (LPs) while maintaining full control over their funds, contributing at the same time to improving the performance and scalability of the Lightning Network.

The service leverages Amboss’ AI infrastructure to optimize the speed, reliability, and capacity of Lightning transactions.

How it works

Rails’ yield-generation mechanism is based on two main activities:

• Payment routing: users earn fees by facilitating payment routing through the Lightning Network;
• Liquidity leasing: by providing liquidity to other participants in the LN network.

Although returns are not guaranteed, the performance demonstrated by companies like Block is notable. During the Bitcoin 2025 conference in Las Vegas, Miles Suter of Block revealed that their routing node is generating a 9.7% APR on deposited bitcoin while maintaining control over private keys.

Strategic partnerships

Amboss has entered into partnerships with CoinCorner and Flux to launch Rails. CoinCorner has integrated the service into its exchange and payment platforms, while Flux aims to expand the Lightning Network’s role in global payments.

David Boylan, CFO of CoinCorner, stated:

“Rails offers a practical way for businesses like ours to participate in the Lightning Network’s growth. 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.”

Two complementary solutions

Rails offers two distinct services:

• Rails LP: designed for businesses with bitcoin treasuries, custodians, and high-net-worth individuals, with a minimum commitment of 1 BTC for one year;
• Liquidity subscriptions: aimed at businesses accepting bitcoin payments, with fees starting from 0.5%.

Jesse Shrader, co-founder and CEO of Amboss, commented:

“Rails is a transformative force for the Lightning Network. It’s not just about yield — it’s about enabling businesses to strengthen the network while earning on their bitcoins. This is a critical step in bitcoin’s evolution as a global medium of exchange.”

The post Amboss launches Rails: a service to earn yields from the Lightning Network appeared first on Atlas21.

@ 2dd9250b:6e928072

Durante a década de 1990, houve o aumento da globalização da economia, determinando a adição do fluxo internacional de capitais, de produtos e serviços. Este fenômeno levou a uma interdependência maior entre as economias dos países. Justamente por causa da possibilidade de que um eventual colapso econômico em um país resulte no contágio dos demais. Diante disso, aumentou a preocupação com os riscos incentivando a utilização de sofisticados modelos e estratégias de avaliação de gestão de risco.

Na década, ganharam destaque ainda os graves problemas financeiros enfrentados, entre outros, pelo banco inglês Barings Bank, e pelo fundo de investimento norte-americano Long Term Capital Management.

Outro grande destaque foi a fraude superior a US$ 7 bilhões sofrida pelo banco Société Generale em Janeiro de 2008.

O Barings Bank é um banco inglês que faliu em 1995 em razão de operações financeiras irregulares e mal-sucedidas realizadas pelo seu principal operador de mercado. O rombo da instituição foi superior à US$ 1,3 Bilhão e causado por uma aposta equivocada no desempenho futuro no índice de ações no Japão. Na realidade, o mercado acionário japonês caiu mais de 15% na época, determinando a falência do banco. O Baring Bank foi vendido a um grupo financeiro holandês (ING) pelo valor simbólico de uma libra esterlina.

O Long Term Capital Management era um fundo de investimento de que perdeu em 1998 mais de US$ 4,6 bilhões em operações nos mercados financeiros internacionais. O LTCM foi socorrido pelo Banco Central dos Estados Unidos (Federal Reserve ), que coordenou uma operação de socorro financeiro à instituição. A justificativa do Banco Central para esta decisão era "o receio das possíveis consequências mundiais da falência do fundo de investimento".

O banco francês Société Generale informou, em janeiro de 2008, uma perda de US$ 7,16 bilhões determinadas por fraudes efetuadas por um operador do mercado financeiro. Segundo revelou a instituição, o operador assumiu posições no mercado sem o conhecimento da direção do banco. A instituição teve que recorrer a uma urgente captação de recursos no mercado próxima a US$ 5,0 bilhões.

E finalmente chegamos ao caso mais problemático da era das finanças modernas anterior ao Bitcoin, o caso Lehman Brothers.

O Lehman Brothers era o 4° maior de investimentos dos EUA quando pediu concordata em 15/09/2008 com dívidas que superavam inacreditáveis US$ 600 bilhões.

Não se tinha contas correntes ou talão de cheques do Lehman Brothers. Era um banco especializado em investimentos e complexas operações financeiras. Havia feito pesados investimentos em empréstimos a juros fixos no famigerado mercado subprime, e o crédito imobiliário voltado a pessoas consideradas de forte risco de inadimplência.

Com essa carteira de investimentos que valia bem menos que o estimado e o acúmulo de projetos financeiros, minou a confiança dos investidores na instituição de 158 anos. Suas ações passaram de US$ 80 a menos de US$ 4. Acumulando fracassos nas negociações para levantar fundos; a instituição de cerca de 25 mil funcionários entrou em concordata.

O Federal Reserve resgatou algumas instituições financeiras grandes e tradicionais norte-americanas como a seguradora AIG no meio da crise. O Fed injetou um capital de US$ 182, 3 bilhões no American International Group (AIG).

Foi exatamente essa decisão do Fed em salvar alguns bancos e deixar quebrar outros, que causou insegurança por parte dos clientes. E os clientes ficaram insatisfeitos tanto com os bancos de investimentos quanto com as agências de classificação de risco, como a Standard & Poor's que tinha dado uma nota alta para o Lehman Brothers no mesmo dia em que ele quebrou.

E essa foi uma das razões pelo qual o Bitcoin foi criado. Satoshi Nakamoto entendeu que as pessoas não estavam mais confiando nem no Governo, nem nos Bancos Privados que o Governo federal restagatava quando eles quebravam e isso prejudicou muita gente. Tanto que o “hash” do Genesis Block contém o título do artigo “Chancellor on brink of second bailout for banks” (Chanceler à beira de segundo resgate para bancos, em português) da edição britânica do The Times.

Esse texto foi parcialmente editado do texto de ASSAF Neto, CAF (2014).

@ 9ca447d2:fbf5a36d

Adam O’Brien, Founder and CEO of Bitcoin Well, discovered Bitcoin in 2013 during its early days as what he describes as “hilarious internet money.”

Today, he leads a publicly traded Canadian company that’s redefining how people interact with this magic internet money, all while navigating a financial system that has personally debanked him and even his uninvolved loved ones.

“I had a terrible experience trying to buy bitcoin in 2013,” O’Brien explains. “Now of course today there are platforms like Bitcoin Well and many others that allow you to buy bitcoin with ease online, but in 2013 that wasn’t the case.”

This frustrating experience sparked the entrepreneurial question that would shape his future: “There must be a better way.”

With a background in restaurant management and customer service, O’Brien started small, meeting people locally in Edmonton, Canada to sell them bitcoin.

Soon after, he purchased and deployed Alberta’s first bitcoin ATM. The business grew organically, with a second machine following, then a third. Before long, Bitcoin Well had become one of Canada’s largest bitcoin ATM operators.

Today, Bitcoin Well operates approximately 160 bitcoin ATMs across Canada. While they’re no longer deploying new machines, these ATMs provide a crucial service that O’Brien is particularly proud of:

“In Canada, you can actually buy bitcoin up to $1,000 without giving your identity to Bitcoin Well. We’re the only platform in the country that is able to offer that service, which is fully legal, fully above board.”

Bitcoin Well has a fleet of over 170 bitcoin ATMs across Canada

The Pivot to Freedom

In 2020, O’Brien’s vision for the company evolved. What began as a mission for Bitcoin accessibility transformed into something deeper: a quest for financial freedom.

“I’m debanked across Canada. I don’t have my bank, even my wife has lost her bank accounts because of my work,” O’Brien revealed. “She’s not involved with the business at all. She’s a stay-at-home mother to our four kids, and she’s unbanked from the majority of the banks in Canada.”

This personal experience crystallized a troubling reality: “It became very clear to me that my money in the banking system was always going to be subject to how much I play by the rules.”

For someone self-described as “freedom-focused” and “freedom-minded,” this realization prompted a strategic shift. Bitcoin Well began developing its online platform, the Bitcoin portal, allowing users to buy, sell, and actually use bitcoin to replace traditional banking functions. O’Brien explains:

“The goal here is that we can be a conduit between the legacy financial system you know, and how you pay your bills, your rent, your power, credit card and phone bills and all that stuff  without having to have money in what I would call a captured fiat account.”

He summarizes the company’s North Star simply: “Allow people to replace their bank with bitcoin in self-custody.”

Living the Mission

O’Brien doesn’t just preach Bitcoin independence, he lives it. Debanked across Canada, he relies on Bitcoin Well’s services for his daily financial needs.

“I’ve got a normal American Express, but I pay that off with Bitcoin at the end of the month,” he shares. “In Canada, we’ve got the equivalent of Venmo, it’s called Interac e-Transfer. I can send an Interac e-Transfer to anyone in the country from bitcoin in self-custody.”

This allows him to navigate everyday situations where merchants don’t accept bitcoin directly.

“It’s spring right now. I’ve got a little property. The guy comes and picks up our rakes and trims the trees and all this stuff, and I pay him. He doesn’t want to accept bitcoin, but I’m able to pay in bitcoin, and he gets the money that he wants.”

In the U.S., Bitcoin Well customers can have their paychecks deposited with a designated portion automatically converted to sats and sent directly to self-custody, allowing clients to stack sats sovereignly without having to think much about it.

With Bitcoin Well you can set up automatic DCA

Building the Right Team

The journey hasn’t been without challenges. O’Brien candidly describes how rapid growth in 2021 led to hiring missteps.

“We scaled so fast I kind of lost control of hiring practice and culture, and we ended up with people that I felt like we had to almost convince of the mission,” he admits.

“Some of them weren’t convinced…they were just there because of the job, or they didn’t really understand the need for the freedom that I speak about every single day.”

After scaling back from that hiring spree, the company refocused on building a team aligned with its core values, emphasizing “hiring Bitcoiners really.”

The result has been transformative: “It’s so much fun having a team that is mission-focused and aligned on our mission to enable independence. Having everyone aligned and kind of running towards that mission is pretty special.”

This alignment creates a powerful filter for decision-making: “When we have a decision to make, it’s like, well, which one enables more independence? And usually there’s a pretty obvious answer. So we’re able to make very fast decisions that help the business and help the mission.”

Raising the Next Generation

Beyond building Bitcoin Well, O’Brien and his wife are raising four children with intention. The family is transitioning to homeschooling next year, allowing them to travel to Bitcoin conferences together while teaching their children to question everything.

“If you don’t indoctrinate your kids, the state will do it for you,” O’Brien states firmly. It’s a fair point, as indoctrination usually comes with a negative connotation, but it should not, since everyone gets indoctrinated with something.

It’s up to parents to decide what their kids are going to be indoctrinated with, and as parents, the O’Briens have chosen to actively shape their children’s worldview rather than defaulting to institutional influences.

Their approach combines Bitcoin principles with biblical values, with a heavy emphasis on lowering time preference. Something O’Brien notes is “10, 20, 30, 50 times more important” with children, though admittedly “way harder.”

“I think Bitcoiners more than anyone understand the need for generational thinking,” he observes.

“I’m so bullish on the amount of Bitcoiners that have more kids or that want to have more kids and that are actually excited to have kids compared to some of my fiat friends that are like, ‘Oh, it’s too expensive and I want to party.’ It’s like, man, you’re just missing the point.”

A Call to Support Bitcoin-Only Businesses

One of O’Brien’s most passionate messages is a call to action for fellow Bitcoiners: support businesses that align with your values.

“I want to call people to support businesses that are actually making steps towards the change they want to see in the world,” he urges. “If I hear one more Bitcoin maxi tell me that they’re using Kraken or Coinbase because it’s cheaper — why do you support the casinos?”

He expresses concern about the future if Bitcoin-only companies struggle to survive: “It would be very sad if all the Bitcoin-only and non-custodial businesses went out of business. That would make it very hard for me to feel comfortable onboarding my no-coiner friends.”

His message to Bitcoiners is clear: “A call out to all my fellow Bitcoiners to support and use the platform that they want to see their kids use.”

Bitcoin Well (TSX.V: BTCW, OTCQB: BCNWF) continues to build infrastructure for those who want to use Bitcoin daily while maintaining self-custody. For O’Brien, the mission is simple but powerful: enable independence and give people the freedom to control their own financial destiny.

@ 8bad92c3:ca714aa5

Marty's Bent

via me

It seems like every other day there's another company announced that is going public with the intent of competing with Strategy by leveraging capital markets to create financial instruments to acquire Bitcoin in a way that is accretive for shareholders. This is certainly a very interesting trend, very bullish for bitcoin in the short-term, and undoubtedly making it so bitcoin is top of mind in the mainstream. I won't pretend to know whether or not these strategies will ultimately be successful or fail in the short, medium or long term. However, one thing I do know is that the themes that interest me, both here at TFTC and in my role as Managing Partner at Ten31, are companies that are building good businesses that are efficient, have product-market-fit, generate revenues and profits and roll those profits into bitcoin.

While it seems pretty clear that Strategy has tapped into an arbitrage that exists in capital markets, it's not really that exciting. From a business perspective, it's actually pretty straightforward and simple; find where potential arbitrage opportunities exists between pools of capital looking for exposure to spot bitcoin or bitcoin's volatility but can't buy the actual asset, and provide them with products that give them access to exposure while simultaneously creating a cult-like retail following. Rinse and repeat. To the extent that this strategy is repeatable is yet to be seen. I imagine it can expand pretty rapidly. Particularly if we have a speculative fervor around companies that do this. But in the long run, I think the signal is falling back to first principles, looking for businesses that are actually providing goods and services to the broader economy - not focused on the hyper-financialized part of the economy - to provide value and create efficiencies that enable higher margins and profitability.

With this in mind, I think it's important to highlight the combined leverage that entrepreneurs have by utilizing bitcoin treasuries and AI tools that are emerging and becoming more advanced by the week. As I said in the tweet above, there's never been a better time to start a business that finds product-market fit and cash flows quickly with a team of two to three people. If you've been reading this rag over the last few weeks, you know that I've been experimenting with these AI tools and using them to make our business processes more efficient here at TFTC. I've also been using them at Ten31 to do deep research and analysis.

It has become abundantly clear to me that any founder or entrepreneur that is not utilizing the AI tools that are emerging is going to get left behind. As it stands today, all anyone has to do to get an idea from a thought in your head to the prototype stage to a minimum viable product is to hop into something like Claude or ChatGPT, have a brief conversation with an AI model that can do deep research about a particular niche that you want to provide a good service to and begin building.

Later this week, I will launch an app called Opportunity Cost in the Chrome and Firefox stores. It took me a few hours of work over the span of a week to ideate and iterate on the concept to the point where I had a working prototype that I handed off to a developer who is solving the last mile problem I have as an "idea guy" of getting the product to market. Only six months ago, accomplishing something like this would have been impossible for me. I've never written a line of code that's actually worked outside of the modded MySpace page I made back in middle school. I've always had a lot of ideas but have never been able to effectively communicate them to developers who can actually build them. With a combination of ChatGPT-03 and Replit, I was able to build an actual product that works. I'm using it in my browser today. It's pretty insane.

There are thousands of people coming to the same realization at the same time right now and going out there and building niche products very cheaply, with small teams, they are getting to market very quickly, and are amassing five figures, six figures, sometimes seven figures of MRR with extremely high profit margins. What most of these entrepreneurs have not really caught on to yet is that they should be cycling a portion - in my opinion, a large portion - of those profits into bitcoin. The combination of building a company utilizing these AI tools, getting it to market, getting revenue and profits, and turning those profits into bitcoin cannot be understated. You're going to begin seeing teams of one to ten people building businesses worth billions of dollars and they're going to need to store the value they create, any money that cannot be debased.

Grant Gilliam, one of the co-founders of Ten31, wrote about this in early 2024, bitcoin being the fourth lever of equity value growth for companies.

[

Bitcoin Treasury - The Fourth Lever to Equity Value Growth

Most companies do not hold enough bitcoin There is a saying you often hear in bitcoin circles that “you can never have enough bitcoin.” This is typically expressed by those who have spent the time to both understand bitcoin’s unique and superior monetary properties and also to appreciate why tho

Ten31 - Investors in bitcoin infrastructure and freedom techGrant Gilliam

](https://ten31.vc/insights/treasury?ref=tftc.io)

We already see this theme playing out at Ten31 with some of our portfolio companies, most notably Strike, which recently released some of their financials, highlighting the fact that they're extremely profitable with high margins and a relatively small team (~75). This is extremely impressive, especially when you consider the fact that they're a global company competing with the likes of Coinbase and Block, which have each thousands of employees.

Even those who are paying attention to the developments in the AI space and how the tools can enable entrepreneurs to build faster aren't really grasping the gravity of what's at play here. Many are simply thinking of consumer apps that can be built and distributed quickly to market, but the ways in which AI can be implemented extend far beyond the digital world. Here's a great example of a company a fellow freak is building with the mindset of keeping the team small, utilizing AI tools to automate processes and quickly push profits into bitcoin.

via Cormac

Again, this is where the exciting things are happening in my mind. People leveraging new tools to solve real problems to drive real value that ultimately produce profits for entrepreneurs. The entrepreneurs who decide to save those profits in bitcoin will find that the equity value growth of their companies accelerates exponentially as they provide more value, gain more traction, and increase their profits while also riding the bitcoin as it continues on its monetization phase. The compounded leverage of building a company that leverages AI tools and sweeps profits into bitcoin is going to be the biggest asymmetric play of the next decade. Personally, I also see it as something that's much more fulfilling than the pure play bitcoin treasury companies that are coming to market because consumers and entrepreneurs are able to recive and provide a ton of value in the real economy.

If you're looking to stay on top of the developments in the AI space and how you can apply the tools to help build your business or create a new business, I highly recommend you follow somebody like Greg Isenberg, whose Startup Ideas Podcast has been incredibly valuable for me as I attempt to get a lay of the land of how to implement AI into my businesses.

America's Two Economies

In my recent podcast with Lyn Alden, she outlined how our trade deficits create a cycle that's reshaping America's economic geography. As Alden explained, US trade deficits pump dollars into international markets, but these dollars don't disappear - they return as investments in US financial assets. This cycle gradually depletes industrial heartlands while enriching financial centers on the coasts, creating what amounts to two separate American economies.

"We're basically constantly taking economic vibrancy out of Michigan and Ohio and rural Pennsylvania where the steel mills were... and stuffing it back into financial assets in New York and Silicon Valley." - Lyn Alden

This pattern has persisted for over four decades, accelerating significantly since the early 1980s. Alden emphasized that while economists may argue there's still room before reaching a crisis point, the political consequences are already here. The growing divide between these two Americas has fueled populist sentiment as voters who feel left behind seek economic rebalancing, even if they can't articulate the exact mechanisms causing their hardship.

Check out the full podcast here for more on China's man

@ 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.

@ 6c05c73e:c4356f17

Análise Detalhada das Melhores Ações para Junho 2025

O mercado financeiro está em constante movimento, e identificar oportunidades de investimento é crucial para o sucesso. Exploraremos uma seleção de ações promissoras para junho de 2025. Analisaremos cada ativo individualmente, destacando seus pontos fortes e fracos para auxiliar investidores na tomada de decisões informadas. As ações a seguir foram selecionadas com base em análises de mercado e potencial de crescimento, e incluem nomes como ALOS3, RECV3, AZUL4, USO, USDBRL, BIDU, REXR, PR, GPN e CIVI.

Análise Individual das Ações

ALOS3

Essa é uma empresa que já falei aqui e está sempre voltando ao radar. Vou deixar ela em primeiro lugar, porque para mim é. Não existe empresa imobiliária tão saudável quanto ela.

Ponto Forte: ALOS3 tem demonstrado um crescimento consistente no setor de tecnologia, com inovações e expansão de mercado. A empresa possui uma forte base de clientes e uma estratégia sólida para o futuro.

Ponto Fraco: A alta volatilidade do setor tecnológico pode impactar o desempenho de ALOS3, tornando-o um investimento de maior risco em comparação com setores mais estáveis.

RECV3

Essa empresa apareceu no meu radar esse mês. Nem sabia da sua existência. Mas, isso porque seu IPO foi em 2021. E sua especialidade está em otimização de produção e revitalização de campos de petróleo.

Ponto Forte: RECV3 se destaca no setor de varejo, com uma rede de distribuição bem estabelecida e uma marca reconhecida. A empresa tem apresentado resultados financeiros positivos e um plano de expansão ambicioso.

Ponto Fraco: A concorrência acirrada no varejo e as flutuações na economia podem afetar as margens de lucro de RECV3.

AZUL4

A empresa anunciou essa semana que entrou em recuperação judicial. Contudo, o setor aéreo é sempre uma incógnita. Na minha visão, a operação de crédito da empresa é o diamante escondido.

Ponto Forte: AZUL4 é uma das principais companhias aéreas do Brasil, com uma vasta rede de rotas e uma frota moderna. A empresa tem se beneficiado da recuperação do setor de viagens e do aumento da demanda.

Ponto Fraco: O setor aéreo é altamente sensível a fatores externos como preços de combustível e crises econômicas, o que pode gerar instabilidade para AZUL4.

USO

Com os preços do petróleo em queda, devido ao aumento de produção divulgado pela OPEC. Enxergamos uma oportunidade de médio prazo. Pois, se faz muitos produtos com petróleo. Da um Google e pesquisa aí.

Ponto Forte: USO é um fundo de investimento ligado ao petróleo, que pode se beneficiar do aumento dos preços do petróleo devido a tensões geopolíticas ou aumento da demanda global.

Ponto Fraco: O preço do petróleo é extremamente volátil e sujeito a eventos imprevisíveis, tornando o USO um investimento de alto risco.

USDBRL

Não é novidade para ninguém que o dólar está previsto em R$6 para logo menos. A julgar pela impressão monetária, juros e inflação. Não vai ser difícil chegar lá. O P O R T U N I D A D E !

Ponto Forte: USDBRL representa a taxa de câmbio entre o dólar americano e o real brasileiro. Investir nesse ativo pode ser uma forma de se proteger contra a desvalorização do real e diversificar a carteira.

Ponto Fraco: A taxa de câmbio é influenciada por inúmeros fatores econômicos e políticos, tornando-a altamente volátil e difícil de prever.

BIDU

O maior motor de busca na China está derretendo. Em partes pelos avanços das IA. Que agora são amplamente usadas para pesquisas.

Ponto Forte: BIDU é uma das maiores empresas de tecnologia da China, com forte presença no mercado de buscas e inteligência artificial. A empresa tem um grande potencial de crescimento no mercado asiático.

Ponto Fraco: As regulamentações governamentais na China e a concorrência com outras gigantes da tecnologia podem limitar o crescimento de BIDU.

REXR

Empresa californiana focada em desenvolvimento imobiliário. Com excelentes resultados e fundamentos.

Ponto Forte: REXR é uma empresa do setor imobiliário com um portfólio diversificado e um histórico de crescimento constante. A empresa tem se beneficiado do aquecimento do mercado imobiliário em algumas regiões.

Ponto Fraco: O mercado imobiliário é sensível a taxas de juros e ciclos econômicos, o que pode impactar o desempenho de REXR em momentos de crise.

PR

Cara, essa empresa chama muito a atenção. Pelos números robustos. A empresa administra petróleo e campos de gás.

Ponto Forte: A empresa PR atua no setor de recursos naturais e tem se beneficiado do aumento da demanda por commodities. A empresa possui ativos valiosos e uma operação eficiente.

Ponto Fraco: A volatilidade dos preços das commodities e questões ambientais podem afetar negativamente o desempenho de PR.

GPN

A empresa tem excelentes fundamentos e está sentada sobre uma pilha de dinheiro em caixa que excede e muito a real necessidade da empresa. Olho nela!

Ponto Forte: GPN é uma empresa do setor financeiro, com destaque para serviços de pagamento e tecnologia financeira. A empresa tem apresentado crescimento consistente e inovação em seus produtos.

Ponto Fraco: A concorrência no setor financeiro e as regulamentações podem impactar as margens de lucro de GPN.

CIVI

Para concluir nossa lista. Temos essa empresa de construção civil que derreteu caixa. Mas, tem seu valor patrimonial bem abaixo do esperado.

Ponto Forte: CIVI é uma empresa do setor de construção civil, com projetos de infraestrutura e desenvolvimento urbano. A empresa tem se beneficiado de investimentos governamentais e crescimento populacional.

Ponto Fraco: O setor de construção civil é sensível a crises econômicas e atrasos em projetos, o que pode gerar instabilidade para CIVI.

Resumo da ópera:

Investir em ações requer pesquisa e análise cuidadosa. Cada uma das empresas listadas apresenta pontos fortes e fracos que devem ser considerados. ALOS3 se destaca pela sua excelente gestão nos shoppings e imóveis. BIDU se destaca no setor de tecnologia, enquanto RECV3 e AZUL4 oferecem oportunidades nos setores de varejo e aviação. USO e USDBRL são investimentos mais voláteis, ligados ao petróleo e câmbio, respectivamente. REXR e CIVI representam o setor imobiliário e construção civil, enquanto PR e GPN atuam nos setores de recursos naturais e financeiro. Esperamos que esta análise tenha sido útil. Boa sorte em seus investimentos!

Disclaimer

Lembre-se: este não é um conselho de investimento. Faça sua própria pesquisa antes de investir. Resultados passados não garantem lucros futuros. Cuide do seu dinheiro!

Bio

Apaixonado por investimentos e pela transformação que eles podem trazer, a equipe threedolar dedica-se a desmistificar o mundo financeiro e guiar seus leitores rumo à independência financeira. Acreditamos que o conhecimento é a chave para o sucesso nos investimentos.

Links

• https://www.fundamentus.com.br
• https://finviz.com
• https://permianres.com

@ 2e8970de:63345c7a

https://evidence.nejm.org/doi/full/10.1056/EVIDoa2300311

The solution to peanut allergy? Import Bamba!

https://stacker.news/items/993440

@ 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

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

@ b1ddb4d7:471244e7

Flash, an all-in-one Bitcoin payment platform, has announced the launch of Flash 2.0, the most intuitive and powerful Bitcoin payment solution to date.

With a completely redesigned interface, expanded e-commerce integrations, and a frictionless onboarding process, Flash 2.0 makes accepting Bitcoin easier than ever for businesses worldwide.

We did the unthinkable!

Website monetization used to be super complicated.

"Buy me a coffee" — But only if we both have a bank account.

WHAT IF WE DON'T?

Thanks to @paywflash and bitcoin, it's just 5 CLICKS – and no banks!

Start accepting donations on your website… pic.twitter.com/uwZUrvmEZ1

— Flash • The Bitcoin Payment Gateway (@paywflash) May 13, 2025

Accept Bitcoin in Three Minutes

Setting up Bitcoin payments has long been a challenge for merchants, requiring technical expertise, third-party processors, and lengthy verification procedures. Flash 2.0 eliminates these barriers, allowing any business to start accepting Bitcoin in just three minutes, with no technical set-up and full control over their funds.

The Bitcoin Payment Revolution

The world is witnessing a seismic shift in finance. Governments are backing Bitcoin funds, major companies are adding Bitcoin to their balance sheets, and political figures are embracing it as the future of money. Just as Stripe revolutionized internet payments, Flash is now doing the same for Bitcoin. Businesses that adapt today will gain a competitive edge in a rapidly evolving financial landscape.

With Bitcoin adoption accelerating, consumers are looking for places to spend it. Flash 2.0 ensures businesses of all sizes can seamlessly accept Bitcoin and position themselves at the forefront of this financial revolution.

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For example, a jewelry designer selling products on WooCommerce can now integrate Flash for online payments, use Flash’s Point-of-Sale system at trade shows, enable Bitcoin donations for her digital artwork, and lock premium content behind Flash Paywalls. The possibilities are endless.

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With built-in integrations for Shopify, WooCommerce, and soon Wix and OpenCart, Flash 2.0 enables Bitcoin payments on 95% of e-commerce stores worldwide. Businesses can now add Bitcoin as a payment option in just a few clicks—without needing developers or external payment processors.

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— Pierre Corbin, CEO at Flash.

Flash 2.0 introduces a brand-new user interface, making it easier than ever to navigate, set up payments, and manage transactions. With an intuitive dashboard, streamlined checkout, and enhanced mobile compatibility, the platform is built for both new and experienced Bitcoin users.

About Flash

Flash is an all-in-one Bitcoin payment platform that empowers businesses, creators, and freelancers to accept, manage, and grow with Bitcoin. With a mission to make Bitcoin payments accessible to everyone, Flash eliminates complexity and gives users full control over their funds.

To learn more or get started, visit www.paywithflash.com.

Press Contact:

Julien Bouvier
Head of Marketing
+3360941039

@ 866e0139:6a9334e5

Autor: Marcel Bühler. Dieser Beitrag wurde mit dem Pareto-Client geschrieben. Sie finden alle Texte der Friedenstaube und weitere Texte zum Thema Frieden hier. Die neuesten Pareto-Artikel finden Sie in unserem Telegram-Kanal.

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Die neuesten Artikel der Friedenstaube gibt es jetzt auch im eigenen Friedenstaube-Telegram-Kanal.

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In einem Artikel in der NZZ vom 27. Mai mit dem Titel "Trump nennt Putin verrückt" wird über den laut Kiew grössten russischen Drohnenangriff seit Beginn des Krieges auf ukrainische Städte berichtet. Dabei sollen am vergangenen Wochenende 355 Drohnen und 69 Raketen auf Kiew, Odessa, Ternipol (Westukraine) und andere Städte gesteuert bzw. abgefeuert worden sein. 288 Drohnen und 9 Raketen konnten laut Kiew von der ukrainischen Luftverteidigung abgeschossen werden. Was der Artikel verschweigt: bereits in der Woche davor, am 20. - 22. Mai hatte die Ukraine 485 Drohnen gegen russische Städte wie Kursk, Belgorod oder Brijansk geflogen, 63 davon erreichten die Region Moskau. Auch am Wochenende schickten die Ukrainer 205 Drohnen gegen russische Städte, 13 davon erreichten Moskau. Auch hier konnte die Luftverteidigung die meisten Drohnen unschädlich machen, eine davon hatte gar den Helikopter von Präsident Putin (!) im Visier. Als Reaktion darauf erklärte Präsident Putin, dass in der ukrainischen Region Sumy bzw. Tschernihiw im Norden eine Sicherheitszoneeingerichtet werden soll da die meisten Drohnen von hier aus gestartet wurden. Auch am 27./28. Mai schickte die Ukraine wieder 296 Drohnen Richtung Moskau, offenbar soll die russische Luftverteidigung damit überlastet werden um später westliche Cruise Missiles wie "Storm shadows", "Skalp" oder die umstrittenen deutschen "Taurus" effektiver einsetzen zu können. Der neue Bundeskanzler Friedrich Merz hat dafür rund 5 Milliarden Euro in Aussicht gestellt um solche Waffensysteme in der Ukraine selber zusammenbauen zu können. 

Diese Gewaltspirale hat eine lange Geschichte: diese begann 2007 mit der 43. Münchner Sicherheitskonferenz, in der Präsident Putin sich gegen die unilaterale Weltordnung der USA und ihrer Verbündeten aussprach. Auch erteilte er den NATO-Osterweiterungen seit 1991 eine deutliche Absage, da diese entgegen (mündlich) gemachten Zusicherungen vollzogen wurden (siehe im Anhang die Rede im Wortlaut). Bei anderer Gelegenheit bezeichnete er vor allem einen möglichen NATO-Beitritt der (ehemals russischen) Ukraine als die "rote Linie", da es hier im Osten eine gemeinsame Grenze zu Russland über weit mehr als tausend Kilometer gebe und zudem Millionen von russischstämmigen Bürgern in der Ukraine lebten welche durch die Unabhängigkeit des Landes von ihrem Mutterland getrennt seinen. Im mittlerweile umstrittenen Budapester Memorandum von 5.12.1994 hatten zudem die Signatarmächte USA, GB und die Russische Föderation in getrennten Dokumenten die Unabhängigkeit und territoriale Integrität der Ukraine garantiert, wenn diese ein neutraler Pufferstaat zwischen der NATO und der Russischen Föderation sei und auf ihre Atomwaffen aus der sowjetischen Zeit verzichte (die Neutralität war in der ukrainischen Verfassung verankert). Trotzdem erklärten am darauffolgenden NATO-Gipfel in Bukarest im April 2008 die versammelten Staats- und Regierungschefs der 26 NATO-Staaten: "Die NATO begrüßt die euro-atlantischen Bestrebungen der Ukraine und Georgiens, die dem Bündnis beitreten wollen. Wir kamen heute überein, dass diese Länder NATO-Mitglieder werden." Zudem wurde die Unabhängigkeitserklärung des Kosowo vorbehaltlos anerkannt, dies nach einer völkerrechtswidrigen militärischen Intervention (d.h. ohne eine entsprechende UN-Resolution) der NATO gegen die Republik Serbien im Jahr 1999 (Staatsgrenzen dürfen also unter Umständen verändert werden).

Die Gewalt begann schon wenige Monate danach, als der durch die "Rosenrevolution" 2003 mit Unterstützung der USA in Tiflis an die Macht gekommene Exil-Georgier, Michail Saakaschwili, in der Nacht auf den 8.8.2008 einen militärischen Angriff auf die seit 1992/93 abtrünnigen Südosseten bzw. deren Hauptstadt Zchinwali befahl und dabei auch russische Friedenstruppen (als Schutzmacht der Osseten) unter Beschuss gerieten. Dies nachdem die Regierung Bush jr. die georgische Armee durch NATO-Offiziere ausgebildet und aufgerüstet hatte. Laut einem NZZ-Artikel vom 1.10.2009 kam eine von der EU eingesetzte Untersuchungskommission unter der Schweizer Diplomatin Heidi Tagliavini 2009 zum Schluss, dass zuvor von beiden Seiten Provokationen in Form von Terroranschlägen, Entführungen und Morde begangen worden waren. Zudem hatte Russland jahrelang an willige Osseten und Abchasen russische Pässe ausgegeben, was völkerrechtswidrig sei, da dies die Staatlichkeit Georgiens untergrabe (Abchasien ist eine weitere abtrünnige Region Georgiens am schwarzen Meer). Saakaschwili wollte offenkundig mit dem überraschenden Angriff auf die Osseten die volle Kontrolle der Zentralregierung über das Gebiet wieder erlangen, da die Satzungen der NATO nur die Aufnahme von Ländern erlauben in denen keine ungelösten territorialen Konflikte vorhanden sind. Den Abchasen hätte also das gleiche Schicksal gedroht wenn die Aktion erfolgreich gewesen wäre. Da die Russen aber aufgepasst hatten, lief innert 24 Stunden eine russische Gegenoffensive welche die georgischen Verbände und ihre amerikanischen Berater innert wenigen Tagen bis nach Gori (Geburtsort von Stalin) zurückwarf. Präsident Saakaschwili verlor bald darauf in Tiflis die Macht und setzte sich in die Ukraine ab. Die heutige georgische Regierung unterhält wieder politische und wirtschaftliche Beziehungen zu Russland und verzichtet auf einen NATO-Beitritt. Siehe dazu das Interview von Roger Köppel mit dem aktuellen georgischen Regierungschef Kobachidse (auf englisch mit deutschen Untertiteln):

https://www.youtube.com/watch?v=xWh6bAfLdhw

In der Ukraine begann die Gewalt mit dem rechtswidrigen Sturz des 2010 legal gewählten Präsidenten Wiktor Janukowitsch, der zwischen der EU und Russland hin und her gerissen war und daher die Unterzeichnung eines EU-Assoziierungsabkommens auf unbestimmte Zeit vertagte. Nach den folgenden wochenlangen Protesten und Krawallen auf dem Maidan in Kiew ("Euromaidan") unterschrieb er unter Vermittlung Deutschlands, Frankreichs und Polens am 21.2.2014 einen Vertrag mit der Opposition und versprach baldige Neuwahlen. Trotzdem wurde er am Tag darauf durch einen regelrechten Putsch gestürzt und in die Flucht getrieben, indem unbekannte Heckenschützen aus verschiedenen Positionen zuerst auf die "Berkut"-Polizei und anschliessend auf militante Demonstranten schossen, welche die "Institutskaja" hinauf das durch eine Strassensperre der Polizei geschützte Regierungsviertel stürmen wollten.

Dabei kamen insgesamt 104 Menschen ums Leben, darunter 34 Polizisten und Vertreter der Regierung. Nach dem Putsch wurde der zuvor völlig unbekannte Exil-Ukrainer Arsenij Jazenjuk Chef der neuen Übergangsregierung, von dem die Europagesandte des US-Statedepartements, Victoria Nuland, bereits einige Tage davor in einem abgehörten Telefongespräch mit dem amerikanischen Botschafter in Kiew, Geoffrey Pyatt, gesprochen hatte ("Jaz is our man"). Die mit rund 600 Mann unter Führung von Andrij Parubi während Wochen auf dem Maidan präsenten militanten und teilweise bewaffneten Kräfte des "Prawi sektor" ("Rechter Sektor") und der "Swoboda" ("Freiheit") weigerten sich zuerst, der neuen Regierung ihre Waffen auszuhändigen. Mitglieder der "Swoboda" unter Oleh Tjahibok besetzten aber anfangs im Kabinett das Aussen-, Innen-, Verteidigungs- sowie das Ministerium für Kultur und "strategische" Kommunikation (Propaganda), während die Mitglieder des "Prawi sektor" unter Dmitro Jarosch eine Zusammenarbeit mit der neuen Regierung verweigerten. Als eine der ersten Amtshandlungen nach dem Putsch wurde in der ganzen Ukraine die russische Sprache als offizielle Amtssprache und als Unterrichtssprache in den Schulen verboten (auch in den mehrheitlich von russischstämmigen Menschen bewohnten Regionen im Osten und Süden des Landes).

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Als erste Reaktion auf den rechtswidrigen Umsturz wurde in Simferopol auf der Krim das lokale Parlament von prorussischen Aktivisten besetzt und russische Soldaten verliessen illegal den Flottenstützpunkt in Sewastopol und besetzten strategische Positionen auf der ganzen Krim bzw. blockierten die ukrainischen Kasernen. Unter dem Schutz dieser "grünen Männchen" konnte dann am 16.3.2014 ein Referendum über den zukünftigen Status der Krim durchgeführt werden. Rund 70% der Bevölkerung stimmten für eine Wiedervereinigung mit Russland, was ungefähr dem Anteil der ethnischen Russen auf der Krim entspricht. Der Kommandant der ukrainischen Flotte in Sewastopol lief mit dem Grossteil der Matrosen zu den Russen über, so dass fast die gesamte Flotte im Kriegshafen verblieb (die Schwarzmeerflotte war anfang der 90er Jahre zwischen Russland und der Ukraine aufgeteilt worden). Die restlichen Matrosen und Soldaten durften später in die Ukraine heimkehren. Angesichts der klaren Machtverhältnisse auf der Krim verzichteten die ukrainischen Ultra-Nationalisten auf die angedrohte Entsendung von "Zügen der Freundschaft" (mit bewaffneten Schlägern) nach Simferopol.

Auch in den Städten Lugansk, Donezk und Mariupol in der Ostukraine besetzten prorussische Aktivisten analog den Vorgängen einige Monate zuvor in der Westukraine Regierungs- und Verwaltungsgebäude und hissten russische Fahnen auf vielen Gebäuden. Auch hier gab es am 11. bzw. 12.5.2014 Referenden über die zukünftige Zugehörigkeit dieser Gebiete, doch konnten dabei nur ungefähr die Hälfte der Bevölkerungen überhaupt darüber abstimmen, weil die Separatisten nicht die volle Kontrolle über die jeweiligen Bezirke hatten. Auch in anderen ukrainischen Städten wie Odessa und Charkow gab es prorussische Demonstrationen, doch wurden diese von den ukrainischen Behörden unterdrückt. In Odessa kam es am 2.5.2014 zu einem Massaker, als prorussische Aktivisten von mit Zügen aus Kiew angereisten Rechtsradikalen und Hooligans in ein Gewerkschaftshaus abgedrängt wurden welches dann kurzerhand abgefackelt und mit Handfeuerwaffen beschossen wurde. Rund 50 Menschen verloren dabei ihr Leben während die ukrainische Polizei untätig herumstand.

Die am 12.4.2014 von der neuen Regierung in Kiew verkündete "Antiterror-Operation" gegen die Separatisten im Osten wurde anfangs nur zaghaft umgesetzt, da viele russischstämmige Soldaten auch hier mit den Aufständischen sympathisierten und teilweise mitsamt dem Material überliefen. Erst nachdem sich der "Spreu vom Weizen" getrennt hatte und nach der Bildung von Freiwilligenverbänden wie "Donbas","Asow" oder "Aidar" - welche in der ukrainischen Nationalgarde (dem Innen- und nicht dem Verteidigungsministerium unterstellt) zusammengefasst wurden - gewann die ukrainische Offensive an Kraft, so dass bereits im Mai/Juni 2014 die Hafenstadt Mariupol vom Asow'schen Bataillon (später ein Regiment bzw. neu die 12. Brigade für spezielle Aufgaben) und einer Marinebrigade zurückerobert und bis zur vollständigen Kapitulation im berühmten Stahlwerk "Asowstal" nach der russischen Intervention vom 24.2.2022 besetzt werden konnte. Bei den heftigen Kämpfen im Frühjahr 2022 mussten die Zivilisten wochenlang im Keller ausharren, da die Stadtverwaltung die rechtzeitige Evakuierung der Zivilbevölkerung versäumt hatte). Nach den Kesselschlachten von Ilowaisk im Juli/Aug. 2014 bzw. von Debaltsewoim Jan./Feb. 2015, bei denen weit über tausend ukrainische Soldaten und hunderte von Kämpfern der neu aufgestellten Donezker- und Lugansker Volksmilizen sowie vermutlich rund 100 russische Soldaten ihr Leben verloren (laut Kiew beteiligten sich mehrere russische Bataillone an den Kämpfen), wurde am 12.2.2015 das Minsker Abkommen (Minsk II) unter Vermittlung von Weissrussland, Deutschland und Frankreich unterzeichnet. Vertragspartner als Unterzeichnende waren: der frühere Präsident der Ukraine Leonid Kutschma, der Botschafter der Russischen Föderation in der Ukraine Michail Surabow, die Milizenführer der selbstproklamierten Volksrepubliken Igor Plotnizki und Alexander Sachartschenko sowie die OSZE-Beauftragte Heidi Tagliavini. Der Waffenstillstand und die vertrauensbildenden Massnahmen (wie z.B. der Rückzug der schweren Waffen von der Frontlinie) wurden dabei von beiden Seiten wiederholt verletzt. Am 18.2.2017 unterzeichnete der russische Präsident Wladimir Putin ein Dekret, nach dem Pässe und andere Papiere der Volksrepubliken Donezk und Lugansk von Russland offiziell als gültig anerkannt wurden, was wiederum die Staatlichkeit der Ukraine untergrub und daher dem Minsker Abkommen widersprach, wonach die abtrünnigen Gebiete weiterhin zur Ukraine gehörten. Insgesamt verloren in dem jahrelangen Konflikt bis 2022 rund 14'000 Menschen ihr Leben, darunter ca. 3'500 Zivilisten inkl. 200 Kinder, besonders in der Stadt Donezk und Umgebung welche von der ukrainischen Armee immer wieder mit Artillerie (Granaten und Raketen) oder durch Scharfschützen beschossen wurde.

Nachdem eine von NATO-Offizieren jahrelang gut ausgebildete und mit modernen Waffen aufgerüstete ukrainische Elitearmee von rund 130'000 Mann ab Sommer 2021 vor dem Donbas aufmarschiert war um den Konflikt offenkundig gewaltsam zu lösen und seit Anfang 2022 auch der ukrainische Beschuss von Donezk und dessen Umland wieder verstärkt wurde, unterzeichnete Präsident Putin am 21.2.2022 ein Freundschafts- und Beistandsabkommen mit den ostukrainischen Volksrepubliken und anerkannte ausdrücklich deren Unabhängigkeitvon Kiew. Das Minsker Abkommen habe keine Zukunft mehr. Am 24.2.2022 intervenierte die russische Armee mit anfangs "nur" rund 190'000 Mann in der Ukraine da die rund 40'000 Mann der Donezker- und Lugansker Volksmilizen einem Angriff der ukrainischen Elitearmee nicht mehr hätten standhalten können. Zuvor hatte die Russische Föderation im Dez. 2021 den USA noch einmal Verhandlungen über den Abschluss eines gesamteuropäischen Sicherheitsabkommen unter Berücksichtigung des Konflikts in der Ukraine vorgeschlagen, was aber von der Regierung Biden abgelehnt wurde. Bei Beginn der "speziellen Militäroperation" erklärte Joe Biden öffentlich, das politische Ziel sei der Sturz des Regimes in Moskau.

Mit dem Beginn der russischen Sommeroffensive an allen Frontabschnitten dürften die ukrainischen Kräfte endgültig überdehnt werden. Da der Oberbefehlshaber der Ukraine, Alexander Syrskij, aus der Region Sumy und Charkow verschiedene Verbände wie die 36. Marinebrigade, die 43. Artilleriebrigade, die 44. mechanisierte Brigade, die 82. Air Assault Brigade sowie die berüchtigte 12. Brigade "Asow" nach Südosten verlegen musste, um die Lage um den wichtigen Logistikpunkt Pokrowsk bzw. die Stadt Konstantinowka zu stabilisieren, dürften die Russen auch bei der oben erwähnten Einrichtung einer Sicherheitszone im Norden rasche Fortschritte machen. Rund 50'000 russische Soldaten werden dort eingesetzt um die zukünftige Bedrohung durch ukrainische Drohnen zu minimieren.

Zusammenfassend kann gesagt werden, dass in dem jahrelangen Konflikt alle Seiten das Völkerrecht missachtetoder zum eigenen Vorteil interpretiert haben. Angefangen damit hat aber klar der Westen (NATO und EU), der mit der finanziellen und politischen Unterstützung des rechtswidrigen Putsches in Kiew 2014 die Gewaltspirale in der Ukraine in Gang setzte und mit den anhaltenden Waffenlieferungen und Geheimdienstinformationen für den Tod von weit mehr als einer Million Soldaten auf beiden Seiten und unzähligen Zivilisten entscheidend mitverantwortlichist. Zudem wurde zumindest im Falle der Ukraine mit der NATO-Erklärung von 2008 zu deren Aufnahme als Beitrittskandidat der Geist des Budapester Memorandums von 1994 verletzt. In einem erstaunlich offenen, zweiseitigen Interview in der NZZ vom 6. Mai hat der amerikanische Politikwissenschaftler Prof. John Mearsheimervon der Universität Chicago erklärt, er hätte anstelle von Präsident Putin "die Ukraine schon viel früher überfallen". Und: "Der Westen ist der Bösewicht. Aber das wollen die USA und die Europäer natürlich nicht hören". Er glaube, dass dieser Krieg auf dem Schlachtfeld entschieden werde und dass wir am Ende einen eingefrorenen Konflikt haben werden (ähnlich wie in Georgien).

Über das Problem des ukrainischen Faschismus und Ultra-Nationalismus, der letztlich die multiethnische Ukraine in ihren Grenzen von 1991 zerstört hat, äusserte er sich nicht. Stattdessen hat die EU gerade die ersten 150 Milliarden Euro zum Aufbau einer eigenen Rüstungsindustrie beschlossen. Der neue Vorsteher des Schweizer Verteidigungsdepartementes, Bundesrat Martin Pfister, hat in einem NZZ-Artikel vom 27. Mai erklärt, die Kooperation mit der EU und der NATO müsse intensiviert werden, "stets in Vereinbarkeit mit der Neutralität". In der gleichen NZZ-Ausgabe wurde auch berichtet, dass die Schweiz den Spitzendiplomaten Gabriel Lüchinger nach Moskau schicke um für Friedensgespräche in der Schweiz zu sondieren (Bürgenstock II).

Ob der während Jahren provozierte und stigmatisierte "russische Bär" darauf noch eingeht?

(Der Beitrag folgt der Schweizer Rechtschreibung)

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Sie sind noch nicht auf Nostr and wollen die volle Erfahrung machen (liken, kommentieren etc.)? Zappen können Sie den Autor auch ohne Nostr-Profil! Erstellen Sie sich einen Account auf Start. Weitere Onboarding-Leitfäden gibt es im Pareto-Wiki.

@ 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

@ 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.