@ 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

@ c9badfea:610f861a

Monospace

𝙰𝙱𝙲𝙳𝙴𝙵𝙶𝙷𝙸𝙹𝙺𝙻𝙼𝙽𝙾𝙿𝚀𝚁𝚂𝚃𝚄𝚅𝚆𝚇𝚈𝚉 𝚊𝚋𝚌𝚍𝚎𝚏𝚐𝚑𝚒𝚓𝚔𝚕𝚖𝚗𝚘𝚙𝚚𝚛𝚜𝚝𝚞𝚟𝚠𝚡𝚢𝚣

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Script

𝓐𝓑𝓒𝓓𝓔𝓕𝓖𝓗𝓘𝓙𝓚𝓛𝓜𝓝𝓞𝓟𝓠𝓡𝓢𝓣𝓤𝓥𝓦𝓧𝓨𝓩 𝓪𝓫𝓬𝓭𝓮𝓯𝓰𝓱𝓲𝓳𝓴𝓵𝓶𝓷𝓸𝓹𝓺𝓻𝓼𝓽𝓾𝓿𝔀𝔁𝔂𝔃

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Fraktur

𝔄𝔅ℭ𝔇𝔈𝔉𝔊ℌℑ𝔍𝔎𝔏𝔐𝔑𝔒𝔓𝔔ℜ𝔖𝔗𝔘𝔙𝔚𝔛𝔜ℨ 𝔞𝔟𝔠𝔡𝔢𝔣𝔤𝔥𝔦𝔧𝔨𝔩𝔪𝔫𝔬𝔭𝔮𝔯𝔰𝔱𝔲𝔳𝔴𝔵𝔶𝔷

Fraktur - Bold

𝕬𝕭𝕮𝕯𝕰𝕱𝕲𝕳𝕴𝕵𝕶𝕷𝕸𝕹𝕺𝕻𝕼𝕽𝕾𝕿𝖀𝖁𝖂𝖃𝖄𝖅 𝖆𝖇𝖈𝖉𝖊𝖋𝖌𝖍𝖎𝖏𝖐𝖑𝖒𝖓𝖔𝖕𝖖𝖗𝖘𝖙𝖚𝖛𝖜𝖝𝖞𝖟

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Sans Serif - Italic

𝘈𝘉𝘊𝘋𝘌𝘍𝘎𝘏𝘐𝘑𝘒𝘓𝘔𝘕𝘖𝘗𝘘𝘙𝘚𝘛𝘜𝘝𝘞𝘟𝘠𝘡 𝘢𝘣𝘤𝘥𝘦𝘧𝘨𝘩𝘪𝘫𝘬𝘭𝘮𝘯𝘰𝘱𝘲𝘳𝘴𝘵𝘶𝘷𝘸𝘹𝘺𝘻

Sans Serif - Bold

𝗔𝗕𝗖𝗗𝗘𝗙𝗚𝗛𝗜𝗝𝗞𝗟𝗠𝗡𝗢𝗣𝗤𝗥𝗦𝗧𝗨𝗩𝗪𝗫𝗬𝗭 𝗮𝗯𝗰𝗱𝗲𝗳𝗴𝗵𝗶𝗷𝗸𝗹𝗺𝗻𝗼𝗽𝗾𝗿𝘀𝘁𝘂𝘃𝘄𝘅𝘆𝘇

Sans Serif - Bold Italic

𝘼𝘽𝘾𝘿𝙀𝙁𝙂𝙃𝙄𝙅𝙆𝙇𝙈𝙉𝙊𝙋𝙌𝙍𝙎𝙏𝙐𝙑𝙒𝙓𝙔𝙕 𝙖𝙗𝙘𝙙𝙚𝙛𝙜𝙝𝙞𝙟𝙠𝙡𝙢𝙣𝙤𝙥𝙦𝙧𝙨𝙩𝙪𝙫𝙬𝙭𝙮𝙯

Sans Serif - Double-Struck

𝖠𝖡𝖢𝖣𝖤𝖥𝖦𝖧𝖨𝖩𝖪𝖫𝖬𝖭𝖮𝖯𝖰𝖱𝖲𝖳𝖴𝖵𝖶𝖷𝖸𝖹 𝖺𝖻𝖼𝖽𝖾𝖿𝗀𝗁𝗂𝗃𝗄𝗅𝗆𝗇𝗈𝗉𝗊𝗋𝗌𝗍𝗎𝗏𝗐𝗑𝗒𝗓

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Serif - Italic

𝐴𝐵𝐶𝐷𝐸𝐹𝐺𝐻𝐼𝐽𝐾𝐿𝑀𝑁𝑂𝑃𝑄𝑅𝑆𝑇𝑈𝑉𝑊𝑋𝑌𝑍 𝑎𝑏𝑐𝑑𝑒𝑓𝑔ℎ𝑖𝑗𝑘𝑙𝑚𝑛𝑜𝑝𝑞𝑟𝑠𝑡𝑢𝑣𝑤𝑥𝑦𝑧

Serif - Bold

𝐀𝐁𝐂𝐃𝐄𝐅𝐆𝐇𝐈𝐉𝐊𝐋𝐌𝐍𝐎𝐏𝐐𝐑𝐒𝐓𝐔𝐕𝐖𝐗𝐘𝐙 𝐚𝐛𝐜𝐝𝐞𝐟𝐠𝐡𝐢𝐣𝐤𝐥𝐦𝐧𝐨𝐩𝐪𝐫𝐬𝐭𝐮𝐯𝐰𝐱𝐲𝐳

Serif - Bold Italic

𝑨𝑩𝑪𝑫𝑬𝑭𝑮𝑯𝑰𝑱𝑲𝑳𝑴𝑵𝑶𝑷𝑸𝑹𝑺𝑻𝑼𝑽𝑾𝑿𝒀𝒁 𝒂𝒃𝒄𝒅𝒆𝒇𝒈𝒉𝒊𝒋𝒌𝒍𝒎𝒏𝒐𝒑𝒒𝒓𝒔𝒕𝒖𝒗𝒘𝒙𝒚𝒛

Serif - Double-Struck

𝔸𝔹ℂ𝔻𝔼𝔽𝔾ℍ𝕀𝕁𝕂𝕃𝕄ℕ𝕆ℙℚℝ𝕊𝕋𝕌𝕍𝕎𝕏𝕐ℤ 𝕒𝕓𝕔𝕕𝕖𝕗𝕘𝕙𝕚𝕛𝕜𝕝𝕞𝕟𝕠𝕡𝕢𝕣𝕤𝕥𝕦𝕧𝕨

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Regional Indicator Symbols

🇦 🇧 🇨 🇩 🇪 🇫 🇬 🇭 🇮 🇯 🇰 🇱 🇲 🇳 🇴 🇵 🇶 🇷 🇸 🇹 🇺 🇻 🇼 🇽 🇾 🇿

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Pseudo-Asian

卂 乃 匚 ᗪ 乇 千 Ꮆ 卄 丨 ﾌ Ҝ ㄥ 爪 几 ㄖ 卩 Ɋ 尺 丂 ㄒ ㄩ ᐯ 山 乂 ㄚ 乙

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Circled

ⒶⒷⒸⒹⒺⒻⒼⒽⒾⒿⓀⓁⓂⓃⓄⓅⓆⓇⓈⓉⓊⓋⓌⓍⓎⓏ ⓐⓑⓒⓓⓔⓕⓖⓗⓘⓙⓚⓛⓜⓝⓞⓟⓠⓡⓢⓣⓤⓥⓦⓧⓨⓩ

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Squared #1

🄰🅱🄲🅳🄴🅵🄶🅷🄸🅹🄺🅻🄼🅽🄾🅿🅀🆁🅂🆃🅄🆅🅆🆇🅈🆉 🅰🄱🅲🄳🅴🄵🅶🄷🅸🄹🅺🄻🅼🄽🅾🄿🆀🅁🆂🅃🆄🅅🆆🅇🆈🅉

Squared #2

🄰🄱🄲🄳🄴🄵🄶🄷🄸🄹🄺🄻🄼🄽🄾🄿🅀🅁🅂🅃🅄🅅🅆🅇🅈🅉

Squared #3

🅰🅱🅲🅳🅴🅵🅶🅷🅸🅹🅺🅻🅼🅽🅾🅿🆀🆁🆂🆃🆄🆅🆆🆇🆈🆉

Squared #4

🅐🅑🅒🅓🅔🅕🅖🅗🅘🅙🅚🅛🅜🅝🅞🅟🅠🅡🅢🅣🅤🅥🅦🅧🅨🅩

@ 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.

@ 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.

@ 1ef61805:f18312cc

**Inside OpSec Academy’s One-on-One Approach to Digital Sovereignty ** As digital infrastructure becomes increasingly opaque and centralised, a growing number of individuals are seeking to understand—not just use—the tools that protect their privacy and autonomy online. While many solutions promise security at the click of a button, few teach the underlying principles or offer environments that prioritise verifiability and user control.

OpSec Academy’s new one-on-one training, "OpSec Intensive," takes a different approach. Delivered in person and fully offline, the full-day session provides practical, tool-based instruction inside a secure, USB-booted environment—designed from the ground up to leave no trace.

At the heart of the session is OpSecOS v1.2, a live operating system that routes all traffic through Tor, uses system non-persistence, and comes preconfigured with a suite of open-source tools for password management, communication, and private finance. The OS runs from a USB stick, allowing participants to explore and build their own private computing workflows without touching the host machine.

Learning in Context: Why One-on-One? While group training can provide a general introduction to privacy concepts, it often lacks depth and adaptability. OpSec Intensive is structured as a one-on-one session to allow real-time feedback, personal threat modeling, and tailored instruction based on the participant’s specific context and technical background.

This format also makes space for slow, deliberate learning—a rarity in cybersecurity training, where content is often condensed or overly abstract. In OpSec Intensive, participants move through each phase at their own pace, working directly with an experienced instructor to build confidence and competence.

Structure and Content of the Day The curriculum spans both foundational theory and hands-on practice, beginning with basic OpSec principles before moving into technical tool use.

Topics include: * Booting and verifying OpSecOS * Secure USB creation and system verification * Navigating a non-persistent, Tor-routed live environment * Password and credential management * Offline use of KeePassXC * Strategies for vault organisation and redundancy * Bitcoin wallet setup and recovery * Single-signature and multisignature wallet creation using Sparrow, Electrum, and Feather * Understanding xpubs, derivation paths, and recovery flow * Seed phrase security * Entropy generation and validation using offline tools like iancoleman.io * Best practices for cold storage and physical backups * Network privacy and decentralised communication * Using Mempool.space to visualise Bitcoin transaction data * Setting up Nostr clients (Snort, Iris) for decentralised messaging * Discussion of traffic fingerprinting and Tor considerations

A Shift Toward Practical Sovereignty The tools and workflows covered in OpSec Intensive are not theoretical. Participants leave the session with configured environments, tested backups, and an understanding of what each tool does—and what it doesn’t do.

This reflects a broader shift in how privacy-conscious individuals are approaching digital security. Rather than relying on packaged services or closed-source software, there’s growing interest in verifiable, modular tools that prioritise autonomy and resilience over ease-of-use.

In that context, OpSec Academy’s offering sits somewhere between a workshop and an apprenticeship: not a lecture, but a process of guided, hands-on learning designed for the long haul.

To learn more or enquire about availability, visit opsecacademy.org.

@ 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.

@ 9ca447d2:fbf5a36d

Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.

The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

According to the company, the offering is expected to close by the end of May, pending standard closing conditions.

Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.

“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”

He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.

“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.

The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.

TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.

Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.

Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.

The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.

Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today

Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.

Trump Media’s official announcement

This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.

President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”

Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.

These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.

But not everyone is happy.

Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.

Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.

@ e2c72a5a:bfacb2ee

When the whales cry for help: crypto trader's $100M bet turns community funding experiment

A multimillionaire trader just placed a second $100 million Bitcoin bet days after being liquidated, but what's truly revolutionary isn't the size—it's how he's funding it. James Wynn has turned to the crypto community for donations, receiving stablecoins from 24 users to "fight the market-making cabal" he claims is targeting his positions. This unprecedented crowdfunded leverage experiment raises fascinating questions about market manipulation, community solidarity, and the blurring lines between individual and collective risk in crypto trading.

Is this the birth of community-backed whale trading? Or simply a desperate gambler's last stand? Either way, it reveals how blockchain transparency creates entirely new social dynamics around trading that would be impossible in traditional markets. What happens when your liquidation becomes everyone's battle?

Would you donate to protect a stranger's $100M position? The answer might reveal more about crypto's future than any price prediction.

@ 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

@ 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.

@ 472f440f:5669301e

Marty's Bent

via nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqy0hwumn8ghj7mn0wd68yttjv4kxz7fwvf5hgcm0d9hzumnfde4xzqpq85h9z5yxn8uc7retm0n6gkm88358lejzparxms5kmy9epr236k2qtyz2zr

A lot of the focus over the last couple of months has been on the emergence of Strategy competitors in public markets looking to build sizable bitcoin treasuries and attract investors of all shapes and sizes to drive shareholder value. The other big topic in the bitcoin development world has been around OP_RETURN and the debate over whether or not the amount of data that can be shoved into a bitcoin transaction should be decided by the dominant implementation.

A topic that is just as, if not more, important that is not getting enough appreciation is the discussion around open source bitcoin developers and the lingering effects of the Biden administration's attack on Samourai Wallet and Tornado Cash. If you read our friend Matt Corallo's tweet above, you'll notice that the lingering effects are such that even though the Trump administration has made concerted efforts to reverse the effects of Operation Chokepoint 2.0 that were levied by the Biden administration, Elizabeth Warren, and her friends at the Treasury and SEC - it is imperative that we enshrine into law the rights of open source developers to build products and services that enable individuals to self-custody bitcoin and use it in a peer-to-peer fashion without the threat of getting thrown in jail cell.

As it stands today, the only assurances that we have are from an administration that is overtly in favor of the proliferation of bitcoin in the United States. There is nothing in place to stop the next administration or another down the line from reverting to Biden-era lawfare that puts thousands of bitcoin developers around the world at risk of being sent into a cage because the government doesn't like how some users leverage the code they write. To make sure that this isn't a problem down the line it is imperative that we pass the Blockchain Regulatory Clarity Act, which would not hold bitcoin developers liable for the ways in which end users leverage their tools.

Not only is this an act that would protect developers from pernicious government officials targeting them when end users use their technology in a way that doesn't make the government happy, it will also protect YOU, the end user, looking to transact in a peer-to-peer fashion and leverage all of the incredible properties of bitcoin the way they were meant to be. If the developers are not protected, they will not be able to build the technology that enables you to leverage bitcoin.

So do your part and go to saveourwallets.org. Reach out to your local representatives in Congress and Senators and make some noise. Let them know that this is something that you care deeply about and that they should not only pay attention to this bill but push it forward and enshrine it into law as quickly as possible.

There are currently many developers either behind bars or under house arrest for developing software that gives you the ability to use Bitcoin in a self-sovereign fashion and use it in a privacy-preserving way. Financial privacy isn't a crime. It is an inalienable human right that should be protected at all cost. The enshrinement of this inalienable right into law is way past due.

#FreeSamourai #FreeRoman

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@ 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

@ e2c72a5a:bfacb2ee

The $100 million gamble that's turning crypto traders into unlikely heroes. James Wynn just placed his second massive Bitcoin bet after being liquidated days ago, and now claims market makers are deliberately targeting his position. With his liquidation level set at $103,630, Wynn has rallied the crypto community to his defense, receiving donations from 24 users totaling nearly $8,000. This David vs Goliath battle reveals how retail traders are banding together against what they perceive as market manipulation, creating a fascinating power shift in an industry where individual traders rarely had such collective influence. Will the community save Wynn from the "evil

@ 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

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

@ b1ddb4d7:471244e7

When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.

While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.

We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.

First Steps

• So, where did it all begin for you and what made you stay curious?

I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.

I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.

After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.

I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.

Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.

That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.

When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.

DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.

The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”

• At what point did you start teaching others, and why?

After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.

What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.

Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.

I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?

Building on Bitcoin

• You hosted some in-person meetups in Sacramento. What did you learn from those?

My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.

I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.

At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.

Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.

• Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?

My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).

I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.

The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.

• How do local groups like Sactown and Cleveland Bitcoiners influence your work?

Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.

Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.

I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.

Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.

• What do people struggle with the most when it comes to technical education?

The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”

Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?

I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.

• One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?

I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.

They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.

As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.

• How do you choose what to focus on in your sessions, especially for different types of learners?

I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.

At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.

Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.

There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.

That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.

I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on

@ 6be5cc06:5259daf0

Introdução

O princípio do sola scriptura, pedra angular da teologia protestante desde a Reforma do século XVI, estabelece que apenas a Escritura constitui a autoridade final e suprema em questões de fé e prática cristã. Este princípio, formulado inicialmente por Martinho Lutero e sistematizado pelos reformadores subsequentes, pretende oferecer um fundamento epistemológico sólido para a teologia, livre das supostas corrupções da tradição eclesiástica.

Contudo, uma análise rigorosa revela que o sola scriptura incorre em contradições lógicas fundamentais que comprometem sua viabilidade como sistema epistemológico coerente. Este artigo examina essas contradições através de três perspectivas complementares: filosófica, exegética e histórica.

A Contradição Performativa Fundamental

O Problema da Autoreferência

O sola scriptura enfrenta um dilema epistemológico insuperável: afirma que apenas a Escritura possui autoridade final em matéria de fé, mas essa própria regra não é explicitamente ensinada na Escritura. Trata-se de uma contradição performativa clássica, onde o enunciado viola suas próprias condições de possibilidade.

Esta situação configura uma falácia de petitio principii (círculo vicioso), pois exige que se aceite uma doutrina que não pode ser sustentada pelas premissas do próprio sistema. Para estabelecer o sola scriptura, seria necessário recorrer a uma autoridade externa à Escritura – precisamente aquilo que o princípio pretende rejeitar.

Fundacionalismo Mal Estruturado

Do ponto de vista epistemológico, o sola scriptura apresenta-se como um fundacionalismo defeituoso. Pretende funcionar como axioma supremo e auto-evidente, mas falha ao não fornecer a base textual que sua própria metodologia exige. Um verdadeiro fundacionalismo escriturístico deveria ser capaz de demonstrar sua validade através de uma prova explícita nas próprias Escrituras.

O Testemunho Contrário das Escrituras

Limitações do Registro Escrito

A própria Escritura reconhece as limitações do registro textual. João 21:25 declara explicitamente: "Jesus fez também muitas outras coisas. Se cada uma delas fosse escrita, penso que nem mesmo no mundo inteiro haveria espaço suficiente para os livros que seriam escritos."

Este versículo é particularmente problemático para o sola scriptura, pois reconhece que nem todos os ensinamentos de Cristo foram preservados por escrito. Como pode a Escritura ser suficiente se ela própria admite sua incompletude?

A Valorização da Tradição Oral

Paulo, em 2 Tessalonicenses 2:15, oferece uma instrução que contradiz frontalmente o sola scriptura: "Assim, pois, irmãos, ficai firmes e conservai os ensinamentos que de nós aprendestes, seja por palavras, seja por carta nossa."

O apóstolo valoriza inequivocamente tanto a tradição oral ("por palavras") quanto a escrita ("por carta"), estabelecendo um modelo de autoridade dual que o protestantismo posterior rejeitaria.

A Necessidade de Autoridade Interpretativa

A narrativa do eunuco etíope em Atos 8:30-31 demonstra a inadequação da Escritura isolada como autoridade final. Quando Filipe pergunta se o eunuco entende o que lê, a resposta é reveladora: "Como poderei entender, se alguém não me ensinar?"

Este episódio ilustra que a mera posse do texto bíblico não garante compreensão adequada. É necessária uma autoridade interpretativa externa – no caso, representada por Filipe, que age com autoridade apostólica.

A Complexidade Hermenêutica

Pedro, em sua segunda epístola (3:16-17), reconhece a dificuldade interpretativa inerente às Escrituras: "Suas cartas contêm algumas coisas difíceis de entender, as quais os ignorantes e instáveis torcem, como também o fazem com as demais Escrituras, para a própria destruição deles."

Esta passagem não apenas reconhece a complexidade hermenêutica dos textos sagrados, mas também alerta sobre os perigos da interpretação inadequada. Implicitamente, sugere a necessidade de uma autoridade interpretativa confiável para evitar distorções doutrinárias.

O Paradoxo Histórico da Canonização

A Dependência da Tradição Eclesiástica

Um dos argumentos mais devastadores contra o sola scriptura emerge da própria história da formação do cânon bíblico. Os concílios de Hipona (393 d.C.) e Cartago (397 d.C.) foram responsáveis pela definição oficial do cânon das Escrituras tal como conhecemos hoje.

Este fato histórico cria um paradoxo insuperável: aceitar a Bíblia como autoridade única requer aceitar a autoridade da tradição eclesiástica que a definiu. O próprio cânon bíblico é produto da tradição apostólica e da deliberação conciliar, não de autodefinição escriturística.

A Circularidade da Autopistia

Tentativas protestantes de resolver este dilema através do conceito de "autopistia" – a suposta capacidade das Escrituras de se auto-autenticar – apenas aprofundam o problema circular. Como determinar que as Escrituras possuem esta propriedade sem recorrer a critérios externos? A própria doutrina da autopistia não é explicitamente ensinada na Escritura.

Implicações Teológicas e Epistemológicas

A Fragmentação Interpretativa

A história do protestantismo oferece evidência empírica das consequências práticas do sola scriptura. A multiplicação de denominações e interpretações divergentes sugere que o princípio, longe de fornecer clareza doutrinária, pode na verdade contribuir para a fragmentação teológica.

Se a Escritura fosse verdadeiramente suficiente e auto-interpretativa, seria razoável esperar maior convergência hermenêutica entre aqueles que aderem ao sola scriptura. A realidade histórica sugere o contrário.

A Alternativa Católica e Ortodoxa

As tradições católica e ortodoxa, embora enfrentando suas próprias tensões epistemológicas, mantêm pelo menos coerência interna ao reconhecer explicitamente múltiplas fontes complementares de autoridade: Escritura, Tradição e Magistério (no caso católico) ou Escritura e Tradição (no caso ortodoxo).

Estas posições evitam a contradição performativa do sola scriptura ao não reivindicar que sua própria metodologia epistemológica seja derivada exclusivamente da Escritura.

Conclusão

A análise crítica do sola scriptura revela contradições estruturais que comprometem fundamentalmente sua viabilidade como princípio epistemológico. O princípio incorre em contradição performativa ao estabelecer uma regra que não pode ser derivada de suas próprias premissas, configura um fundacionalismo mal estruturado ao carecer de base textual explícita, e enfrenta o testemunho contrário da própria Escritura, que reconhece suas limitações e a necessidade de autoridades interpretativas externas.

O paradoxo histórico da canonização – onde o próprio cânon bíblico depende da autoridade tradicional que o sola scriptura pretende rejeitar – representa talvez o golpe mais decisivo contra o princípio protestante.

Isso não implica necessariamente a falsidade do protestantismo como sistema teológico, mas sugere que seus fundamentos epistemológicos requerem reformulação substancial. Uma teologia protestante intelectualmente honesta precisaria reconhecer as limitações do sola scriptura e desenvolver uma epistemologia mais nuançada que leve em conta a complexidade das fontes de autoridade religiosa.

A busca pela verdade teológica, independentemente de compromissos confessionais, exige o reconhecimento rigoroso das limitações e contradições inerentes aos nossos sistemas epistemológicos. No caso do sola scriptura, essa honestidade intelectual revela um princípio que, por mais central que seja para a identidade protestante, não pode sustentar o peso epistemológico que tradicionalmente lhe foi atribuído.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• RoboSats v0.7.7-alpha is now available!

NOTE: "This version of clients is not compatible with older versions of coordinators. Coordinators must upgrade first, make sure you don't upgrade your client while this is marked as pre-release."

• This version brings a new and improved coordinators view with reviews signed both by the robot and the coordinator, adds market price sources in coordinator profiles, shows a correct warning for canceling non-taken orders after a payment attempt, adds Uzbek sum currency, and includes package library updates for coordinators.

Source: RoboSats.

• siggy47 is writing daily RoboSats activity reviews on stacker.news. Check them out here.
• Stay up-to-date with RoboSats on Nostr.

What's new

• New coordinators view (see the picture above).
• Available coordinator reviews signed by both the robot and the coordinator.
• Coordinators now display market price sources in their profiles.

Source: RoboSats.

• Fix for wrong message on cancel button when taking an order. Users are now warned if they try to cancel a non taken order after a payment attempt.
• Uzbek sum currency now available.
• For coordinators: library updates.
• Add docker frontend (#1861).
• Add order review token (#1869).
• Add UZS migration (#1875).
• Fixed tests review (#1878).
• Nostr pubkey for Robot (#1887).

New contributors

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

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

GitHub Repo

@ dfa02707:41ca50e3

• This version introduces the Soroban P2P network, enabling Dojo to relay transactions to the Bitcoin network and share others' transactions to break the heuristic linking relaying nodes to transaction creators.

• Additionally, Dojo admins can now manage API keys in DMT with labels, status, and expiration, ideal for community Dojo providers like Dojobay. New API endpoints, including "/services" exposing Explorer, Soroban, and Indexer, have been added to aid wallet developers.
• Other maintenance updates include Bitcoin Core, Tor, Fulcrum, Node.js, plus an updated ban-knots script to disconnect inbound Knots nodes.

"I want to thank all the contributors. This again shows the power of true Free Software. I also want to thank everyone who donated to help Dojo development going. I truly appreciate it," said Still Dojo Coder.

What's new

• Soroban P2P network. For MyDojo (Docker setup) users, Soroban will be automatically installed as part of their Dojo. This integration allows Dojo to utilize the Soroban P2P network for various upcoming features and applications.
• PandoTx. PandoTx serves as a transaction transport layer. When your wallet sends a transaction to Dojo, it is relayed to a random Soroban node, which then forwards it to the Bitcoin network. It also enables your Soroban node to receive and relay transactions from others to the Bitcoin network and is designed to disrupt the assumption that a node relaying a transaction is closely linked to the person who initiated it.
  • Pushing transactions through Soroban can be deactivated by setting NODE_PANDOTX_PUSH=off in docker-node.conf.
  • Processing incoming transactions from Soroban network can be deactivated by setting NODE_PANDOTX_PROCESS=off in docker-node.conf.
• API key management has been introduced to address the growing number of people offering their Dojos to the community. Dojo admins can now access a new API management tab in their DMT, where they can create unlimited API keys, assign labels for easy identification, and set expiration dates for each key. This allows admins to avoid sharing their main API key and instead distribute specific keys to selected parties.
• New API endpoints. Several new API endpoints have been added to help API consumers develop features on Dojo more efficiently:
  • New:
    • /latest-block - returns data about latest block
    • /txout/:txid/:index - returns unspent output data
    • /support/services - returns info about services that Dojo exposes
  • Updated:
    • /tx/:txid - endpoint has been updated to return raw transaction with parameter ?rawHex=1
  • The new /support/services endpoint replaces the deprecated explorer field in the Dojo pairing payload. Although still present, API consumers should use this endpoint for explorer and other pairing data.

Other changes

• Updated ban script to disconnect inbound Knots nodes.
• Updated Fulcrum to v1.12.0.
• Regenerate Fulcrum certificate if expired.
• Check if transaction already exists in pushTx.
• Bump BTC-RPC Explorer.
• Bump Tor to v0.4.8.16, bump Snowflake.
• Updated Bitcoin Core to v29.0.
• Removed unnecessary middleware.
• Fixed DB update mechanism, added api_keys table.
• Add an option to use blocksdir config for bitcoin blocks directory.
• Removed deprecated configuration.
• Updated Node.js dependencies.
• Reconfigured container dependencies.
• Fix Snowflake git URL.
• Fix log path for testnet4.
• Use prebuilt addrindexrs binaries.
• Add instructions to migrate blockchain/fulcrum.
• Added pull policies.

#FREESAMOURAI

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

Announcement / Archive
GitHub Repo

@ e2c72a5a:bfacb2ee

When a trader bets $100M on Bitcoin, the market becomes the hunter. James Wynn placed his second massive leveraged position after being liquidated days earlier, claiming market makers are deliberately targeting his $103,640 liquidation level. The crypto community rallied behind him, donating thousands in stablecoins to help "fight the market-making cabal." Meanwhile, Trump's media company seeks SEC approval for a Truth Social Bitcoin ETF, joining the growing trend of corporate Bitcoin treasuries. Tether moved $3.9B in Bitcoin to Twenty One Capital, making it the third-largest corporate holder. Are you watching these high-stakes crypto battles unfold, or participating in them yourself?

@ 8bad92c3:ca714aa5

Key Takeaways

Michael Goldstein, aka Bitstein, presents a sweeping philosophical and economic case for going “all in” on Bitcoin, arguing that unlike fiat, which distorts capital formation and fuels short-term thinking, Bitcoin fosters low time preference, meaningful saving, and long-term societal flourishing. At the heart of his thesis is “hodling for good”—a triple-layered idea encompassing permanence, purpose, and the pursuit of higher values like truth, beauty, and legacy. Drawing on thinkers like Aristotle, Hoppe, and Josef Pieper, Goldstein redefines leisure as contemplation, a vital practice in aligning capital with one’s deepest ideals. He urges Bitcoiners to think beyond mere wealth accumulation and consider how their sats can fund enduring institutions, art, and architecture that reflect a moral vision of the future.

Best Quotes

“Let BlackRock buy the houses, and you keep the sats.”

“We're not hodling just for the sake of hodling. There is a purpose to it.”

“Fiat money shortens your time horizon… you can never rest.”

“Savings precedes capital accumulation. You can’t build unless you’ve saved.”

“You're increasing the marginal value of everyone else’s Bitcoin.”

“True leisure is contemplation—the pursuit of the highest good.”

“What is Bitcoin for if not to make the conditions for magnificent acts of creation possible?”

“Bitcoin itself will last forever. Your stack might not. What will outlast your coins?”

“Only a whale can be magnificent.”

“The market will sell you all the crack you want. It’s up to you to demand beauty.”

Conclusion

This episode is a call to reimagine Bitcoin as more than a financial revolution—it’s a blueprint for civilizational renewal. Michael Goldstein reframes hodling as an act of moral stewardship, urging Bitcoiners to lower their time preference, build lasting institutions, and pursue truth, beauty, and legacy—not to escape the world, but to rebuild it on sound foundations.

Timestamps

00:00 - Intro
00:50 - Michael’s BBB presentation Hodl for Good
07:27 - Austrian principles on capital
15:40 - Fiat distorts the economic process
23:34 - Bitkey
24:29 - Hodl for Good triple entendre
29:52 - Bitcoin benefits everyone
39:05 - Unchained
40:14 - Leisure theory of value
52:15 - Heightening life
1:15:48 - Breaking from the chase makes room for magnificence
1:32:32 - Nakamoto Institute’s mission

Transcript

(00:00) Fiat money is by its nature a disturbance. If money is being continually produced, especially at an uncertain rate, these uh policies are really just redistribution of wealth. Most are looking for number to go up post hyper bitcoinization. The rate of growth of bitcoin would be more reflective of the growth of the economy as a whole.
(00:23) Ultimately, capital requires knowledge because it requires knowing there is something that you can add to the structures of production to lengthen it in some way that will take time but allow you to have more in the future than you would today. Let Black Rockck buy the houses and you keep the sats, not the other way around.
(00:41) You wait until later for Larry Frink to try to sell you a [Music] mansion. And we're live just like that. Just like that. 3:30 on a Friday, Memorial Day weekend. It's a good good good way to end the week and start the holiday weekend. Yes, sir. Yes, sir. Thank you for having me here. Thank you for coming. I wore this hat specifically because I think it's I think it's very apppropo uh to the conversation we're going to have which is I hope an extension of the presentation you gave at Bitblock Boom Huddle for good. You were working on
(01:24) that for many weeks leading up to uh the conference and explaining how you were structuring it. I think it's a very important topic to discuss now as the Bitcoin price is hitting new all-time highs and people are trying to understand what am I doing with Bitcoin? Like you have you have the different sort of factions within Bitcoin.
(01:47) Uh get on a Bitcoin standard, get on zero, spend as much Bitcoin as possible. You have the sailors of the world are saying buy Bitcoin, never sell, die with your Bitcoin. And I think you do a really good job in that presentation. And I just think your understanding overall of Bitcoin is incredible to put everything into context. It's not either or.
(02:07) It really depends on what you want to accomplish. Yeah, it's definitely there there is no actual one-sizefits-all um for I mean nearly anything in this world. So um yeah, I mean first of all I mean there was it was the first conference talk I had given in maybe five years. I think the one prior to that uh was um bit block boom 2019 which was my meme talk which uh has uh become infamous and notorious.
(02:43) So uh there was also a lot of like high expectations uh you know rockstar dev uh has has treated that you know uh that that talk with a lot of reference. a lot of people have enjoyed it and he was expecting this one to be, you know, the greatest one ever, which is a little bit of a little bit of a uh a burden to live up to those kinds of standards.
(03:08) Um, but you know, because I don't give a lot of talks. Um, you know, I I I like to uh try to bring ideas that might even be ideas that are common. So, something like hodling, we all talk about it constantly. uh but try to bring it from a little bit of a different angle and try to give um a little bit of uh new light to it.
(03:31) I alsove I've I've always enjoyed kind of coming at things from a third angle. Um whenever there's, you know, there's there's all these little debates that we have in in Bitcoin and sometimes it's nice to try to uh step out of it and look at it a little more uh kind of objectively and find ways of understanding it that incorporate the truths of of all of them.
(03:58) uh you know cuz I think we should always be kind of as much as possible after ultimate truth. Um so with this one um yeah I was kind of finding that that sort of golden mean. So uh um yeah and I actually I think about that a lot is uh you know Aristotle has his his concept of the golden mean. So it's like any any virtue is sort of between two vices um because you can you can always you can always take something too far.
(04:27) So you're you're always trying to find that right balance. Um so someone who is uh courageous you know uh one of the vices uh on one side is being basically reckless. I I can't remember what word he would use. Uh but effectively being reckless and just wanting to put yourself in danger for no other reason than just you know the thrill of it.
(04:50) Um and then on the other side you would just have cowardice which is like you're unwilling to put yourself um at any risk at any time. Um, and courage is right there in the middle where it's understanding when is the right time uh to put your put yourself, you know, in in the face of danger um and take it on. And so um in some sense this this was kind of me uh in in some ways like I'm obviously a partisan of hodling.
(05:20) Um, I've for, you know, a long time now talked about the, um, why huddling is good, why people do it, why we should expect it. Um, but still trying to find that that sort of golden mean of like yes, huddle, but also what are we hodling for? And it's not we're we're not hodddling just merely for the sake of hodddling.
(05:45) There there is a a purpose to it. And we should think about that. And that would also help us think more about um what are the benefits of of spending, when should we spend, why should we spend, what should we spend on um to actually give light to that sort of side of the debate. Um so that was that was what I was kind of trying to trying to get into.
(06:09) Um, as well as also just uh at the same time despite all the talk of hodling, there's always this perennial uh there's always this perennial dislike of hodlers because we're treated as uh as if um we're just free riding the network or we're just greedy or you know any of these things. And I wanted to show how uh huddling does serve a real economic purpose.
(06:36) Um, and it does benefit the individual, but it also does uh it it has actual real social um benefits as well beyond merely the individual. Um, so I wanted to give that sort of defense of hodling as well to look at it from um a a broader position than just merely I'm trying to get rich. Um uh because even the person who uh that is all they want to do um just like you know your your pure number grow up go up moonboy even that behavior has positive ramifications on on the economy.
(07:14) And while we might look at them and have uh judgments about their particular choices for them as an individual, we shouldn't discount that uh their actions are having positive positive effects for the rest of the economy. Yeah. So, let's dive into that just not even in the context of Bitcoin because I think you did a great job of this in the presentation.
(07:36) just you've done a good job of this consistently throughout the years that I've known you. Just from like a first principles Austrian economics perspective, what is the idea around capital accumulation, low time preference and deployment of that capital like what what like getting getting into like the nitty-gritty and then applying it to Bitcoin? Yeah, it's it's a big question and um in many ways I mean I I even I barely scratched the surface.
(08:05) uh I I can't claim to have read uh all the volumes of Bombber works, you know, capital and interest and and stuff like that. Um but I think there's some some sort of basic concepts that we can look at that we can uh draw a lot out. Um the first uh I guess let's write that. So repeat so like capital time preference. Yeah. Well, I guess getting more broad like why sav

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• Version 1.3 of Bitcoin Safe introduces a redesigned interactive chart, quick receive feature, updated icons, a mempool preview window, support for Child Pays For Parent (CPFP) and testnet4, preconfigured testnet demo wallets, as well as various bug fixes and improvements.

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

"Compact Block Filters increase the network privacy dramatically, since you're not asking an electrum server to give you your transactions. They are a little slower than electrum servers. For a savings wallet like Bitcoin Safe this should be OK," writes the project's developer Andreas Griffin.

• Learn more about the current and upcoming features of Bitcoin Safe wallet here.

What's new in v1.3

• Redesign of Chart, Quick Receive, Icons, and Mempool Preview (by @design-rrr).
• Interactive chart. Clicking on it now jumps to transaction, and selected transactions are now highlighted.

• Speed up transactions with Child Pays For Parent (CPFP).
• BDK 1.2 (upgraded from 0.32).
• Testnet4 support.
• Preconfigured Testnet demo wallets.
• Cluster unconfirmed transactions so that parents/children are next to each other.
• Customizable columns for all tables (optional view: Txid, Address index, and more)
• Bug fixes and other improvements.

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ b1ddb4d7:471244e7

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

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

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

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

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

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

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

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

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

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

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

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

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

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

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

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

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

Tickets & Info:

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

@ 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 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

@ 8bad92c3:ca714aa5

Marty's Bent

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

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

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

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

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

via Charlie Bilello

via Mohamed Al-Erian

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

via TXMC

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

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

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

Weird times we're living in.

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

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

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

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

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

Headlines of the Day

Financial Times Under Fire Over MicroStrategy Bitcoin Coverage - via X

Trump in Qatar: Historic Boeing Deal Signed - via X

Get our new STACK SATS hat - via tftcmerch.io

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

---

Take the First Step Off the Exchange

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

Take control. Start with Bitkey.

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

---

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

---

Final thought...

Building things of value is satisfying.

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@ 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

“Not your keys, not your coins” isn’t a slogan—it’s a survival mantra in the age of digital sovereignty.

The seismic collapses of Mt. Gox (2014) and FTX (2022) weren’t anomalies; they were wake-up calls. When $8.7 billion in customer funds vanished with FTX, it exposed the fatal flaw of third-party custody: your bitcoin is only as secure as your custodian’s weakest link.

Yet today, As of early 2025, analysts estimate that between 2.3 million and 3.7 million Bitcoins are permanently lost, representing approximately 11–18% of bitcoin’s fixed maximum supply of 21 million coins, with some reports suggesting losses as high as 4 million BTC. This paradox reveals a critical truth: self-custody isn’t just preferable—it’s essential—but it must be done right.

The Custody Spectrum

Custodial Wallets (The Illusion of Control)

• Rehypothecation Risk: Most platforms lend your bitcoin for yield generation. When Celsius collapsed, users discovered their “held” bitcoin was loaned out in risky strategies.
• Account Freezes: Regulatory actions can lock withdrawals overnight. In 2023, Binance suspended dollar withdrawals for U.S. users citing “partner bank issues,” trapping funds for weeks.
• Data Vulnerability: KYC requirements create honeypots for hackers. The 2024 Ledger breach exposed 270,000 users’ personal data despite hardware security.

True Self-Custody
Self-custody means exclusively controlling your private keys—the cryptographic strings that prove bitcoin ownership. Unlike banks or exchanges, self-custody eliminates:

• Counterparty risk (no FTX-style implosions)
• Censorship (no blocked transactions)
• Inflationary theft (no fractional reserve lending)

Conquering the Three Great Fears of Self-Custody

Fear 1: “I’ll Lose Everything If I Make a Mistake”

Reality: Human error is manageable with robust systems:

• Test Transactions: Always send a micro-amount (0.00001 BTC) before large transfers. Verify receipt AND ability to send back.
• Multi-Backup Protocol: Store seed phrases on fireproof/waterproof steel plates (not paper!). Distribute copies geographically—one in a home safe, another with trusted family 100+ miles away.
• SLIP39 Sharding: Split your seed into fragments requiring 3-of-5 shards to reconstruct. No single point of failure.

Fear 2: “Hackers Will Steal My Keys”

Reality: Offline storage defeats remote attacks:

• Hardware Wallets: Devices like Bitkey or Ledger keep keys in “cold storage”—isolated from internet-connected devices. Transactions require physical confirmation.
• Multisig Vaults: Bitvault’s multi-sig system requires attackers compromise multiple locations/devices simultaneously. Even losing two keys won’t forfeit funds.
• Air-Gapped Verification: Use dedicated offline devices for wallet setup. Never type seeds on internet-connected machines.

Fear 3: “My Family Can’t Access It If I Die”

Reality: Inheritance is solvable:

• Dead Man Switches: Bitwarden’s emergency access allows trusted contacts to retrieve encrypted keys after a pre-set waiting period (e.g., 30 days).
• Inheritance Protocols: Bitkey’s inheritance solution shares decryption keys via designated beneficiaries’ emails. Requires multiple approvals to prevent abuse.
• Public Key Registries: Share wallet XPUBs (not private keys!) with heirs. They can monitor balances but not spend, ensuring transparency without risk.

The Freedom Dividend

1. Censorship Resistance: Send $10M BTC to a Wikileaks wallet without Visa/Mastercard blocking it.
2. Privacy Preservation: Avoid KYC surveillance—non-custodial wallets like Flash require zero ID verification.
3. Protocol Access: Participate in bitcoin-native innovations (Lightning Network, DLCs) only possible with self-custodied keys.
4. Black Swan Immunity: When Cyprus-style bank bailins happen, your bitcoin remains untouched in your vault.

The Sovereign’s Checklist

1. Withdraw from Exchanges: Move all BTC > $1,000 to self-custody immediately.
2. Buy Hardware Wallet: Purchase DIRECTLY from manufacturer (no Amazon!) to avoid supply-chain tampering.
3. Generate Seed OFFLINE: Use air-gapped device, write phrase on steel—never digitally.
4. Test Recovery: Delete wallet, restore from seed before funding.
5. Implement Multisig: For > $75k, use Bitvault for 2-of-3 multi-sig setup.
6. Create Inheritance Plan: Share XPUBs/SLIP39 shards with heirs + legal documents.

“Self-custody isn’t about avoiding risk—it’s about transferring risk from opaque institutions to transparent, controllable systems you design.”

The Inevitable Evolution: Custody Without Compromise

Emerging solutions are erasing old tradeoffs:

• MPC Wallets: Services like Xapo Bank shatter keys into encrypted fragments distributed globally. No single device holds full keys, defeating physical theft.
• Social Recovery: Ethically designed networks (e.g., Bitkey) let trusted contacts restore access without custodial control.
• Biometric Assurance: Fingerprint reset protocols prevent lockouts from physical injuries.

Lost keys = lost bitcoin. But consider the alternative: entrusting your life savings to entities with proven 8% annual failure rates among exchanges. Self-custody shifts responsibility from hoping institutions won’t fail to knowing your system can’t fail without your consent.

Take action today: Move one coin. Test one recovery. Share one xpub. The path to unchained wealth begins with a single satoshi under your control.

@ cae03c48:2a7d6671

Bitcoin Magazine

Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin 

Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial product represents one of the first moves by a major Russian institution to offer Bitcoin-linked investments under recently updated national regulations.

BREAKING: Russia's largest bank Sberbank launches structured bonds linked to Bitcoin. pic.twitter.com/LtD26jPS0x

— Bitcoin Magazine (@BitcoinMagazine) June 2, 2025

The structured bond is initially available over the counter to a limited group of qualified investors. According to the announcement, it allows investors to earn based on two factors: the price performance of BTC in U.S. dollars and any strengthening of the dollar compared to the Russian ruble.

Unlike typical Bitcoin investments, this product does not require the use of a Bitcoin wallet or foreign platforms. “All transactions [are] processed in rubles within Russia’s legal and infrastructure systems,” Sberbank stated, highlighting compliance with domestic financial protocols.

In addition to the bond, Sberbank has announced plans to launch similar structured investment products with Bitcoin exposure on the Moscow Exchange. The bank also revealed it will introduce a Bitcoin futures product via its SberInvestments platform on June 4, aligning with the product’s debut on the Moscow Exchange.

These developments follow a recent policy change by the Bank of Russia, which now permits financial institutions to offer Bitcoin-linked instruments to qualified investors. This shift opens the door for Bitcoin within the country’s traditional financial markets.

While Russia has previously taken a cautious approach to digital assets, Sberbank’s launch of a Bitcoin-linked bond and upcoming futures product marks a new phase of adoption—one that blends Bitcoin exposure with existing financial infrastructure.

The bank’s structured bond may signal a growing interest in regulated access to Bitcoin, especially within large financial institutions.

This post Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin  first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 00ea1f73:71c6e344

Je suis en train de construire un outil de référencement collectif de marques et fabricants proposant des produits 100 % en matière naturelle (ce qui veut essentiellement dire "sans plastique").

Voici les étapes de ma progression ces dernières semaines en tant que non développeur pour créer cela tout en privilégiant des outils open source.

Etape 1 : faisons simple, du texte organisé

J'ai commencé par réunir mes idées dans Anytype. Leur approche "tout est un objet" laisse une flexibilité incroyable pour organiser ses données. On peut s'en servir comme simple outil de prise de note ou comme outil de gestion de projet. Le fonctionnement "local first" de l'application me donne la main sur mes données : elles sont stockées en local sur mon ordinateur et mon téléphone, qui se synchronisent entre eux.

Anytype permet depuis peu de publier sur Internet les "objets" de son choix (pages, notes, albums…) mais cela reste limité pour proposer à des visiteur une navigation fluide entre des objets liés (dans mon cas des marques et des matières par exemple). De plus, il n'est pas encore possible d'y automatiser la mise en forme de contenus à partir de données.

Ainsi, après avoir réuni les informations et préparé les contenus "à la main" pour trois marques seulement dans Anytype, j'ai eu besoin d'automatisation, et donc d'une vraie base de données. Je conserve quand même Anytype pour organiser mes idées et la suite du projet. Je l'utilise aussi pour la vie quotidienne (liste de course partagée, journal…).

Etape 2 : structurons une base de données

Baserow est une alternative à Airtable qui permet de gérer une base de données comme un tableur. Les formules utilisables dans les tableaux m'ont aidé à générer automatiquement les contenus de marque à partir des données que je réunissais. J'ai obtenu des données bien ordonnés dans de beaux tableaux sans avoir plus besoin de réécrire tout le contenu pour chaque marque.

J'ai passé un peu de temps à apprendre la syntaxe des formules de Baserow, j'ai mis à jour le contenu des trois premières marques, généré automatiquement celui d'une quatrième et… je me suis rendu compte que ça n'allait pas le faire.

Un point crucial de mon projet est la gestion et l'affichage des catégories de produits proposés par chaque marque, histoire que cela soit pratique de trouver les alternatives naturelles pour ce que l'on cherche sur le site. Or, dans Baserow il n'y avait pas moyen de générer mes contenus catégorisés de manière dynamique. J'étais contraint de modifier sans cesse des formules de plus en plus complexes, et donc avec un risque d'erreur de plus en plus grand. Cela reste un tableur, plus net pour gérer des données, mais moins fourni en termes de formules.

Avec une seule marque traitée en plus, mon "backend" v2 n'aura pas duré longtemps !

Etape 3 : courage, passons aux choses sérieuses

A ce moment là, j'ai sérieusement douté de ma capacité a créer ce site avec des outils open source et j'ai été tenté de retourner vers Bubble. À mon avis, Bubble est l'outil "no code" (ou de "programmation visuelle") le plus abouti. Je l'avais déjà utilisé efficacement avec We Do Good pour réaliser des prototypes de fonctionnalités, même utilisés provisoirement en production.

C'est génial, avec Bubble, des semaines de travail classique entre développeurs et designers pour arriver à une version utilisable se transforment en heures, voire en jours pour tester et valider des prototypes.

Mais… avec Bubble on n'a pas accès à ce qui se passe derrière l'interface de programmation. On devient en fait prisonnier de leur langage de programmation propriétaire. Si on a besoin de faire différemment, s'ils augmentent leurs prix de manière inadaptée, ou si un blocage se présente pour une autre raison, il faut tout refaire à zéro ou faire développer des nouvelles fonctionnalités (plugins) qui enrichissent Bubble.

J'ai alors décidé de passé au niveau supérieur en terme de technicité, avec des outils tout de même accessible aux non initiés motivés : une base de données dans Supabase connectée à une interface créée avec Plasmic. Avec Supabase j'ai accès aux paramétrages les plus fins sur les données et avec Plamic je construis visuellement ce dont j'ai besoin, comme avec Bubble.

Malgré l'interface visuelle très complètes de Plasmic, certaines fonctions dont j'ai besoin demandent des formules personnalisées utilisant un peu de code. L'avantage, c'est que là ou j'avais appris le language Bubble utilisable seulement avec Bubble, j'apprends maintenant les languages ouverts et universels du web sql et javascript, avec un peu d'aide de l'"IA" pour comprendre les fonctions et erreurs de syntaxe.

J'apprendre en faisant directement ce que j'ai envie, et c'est beaucoup plus efficace et motivant !

Plasmic me laisse aussi récupérer et réutiliser l'ensemble du code source ailleurs si j'en ai besoin un jour.

Je devais en passer par là

Chaque version de mon "backend" a été utile et même nécessaire à la suivante.

Avec mon expérience d'entrepreneur du web, je sentais depuis le départ que j'aurais besoin d'une solution robuste de base de données ainsi que de pouvoir intervenir sur le code facilement. Cependant, au démarrage, je n'avais pas envie de me plonger là-dedans. Finalement, bien m'en a pris ! La structuration de données que j'avais initialement imaginée est très différente de celle à laquelle j'arrive maintenant.

Je n'aurais pas eu une base de données claire et bien organisée dans Supabase si je n'avais pas fait précédemment une itération dans Baserow. Je n'aurais pas créé les tables et liaisons utiles dans Baserow si je n'avais pas créé les premiers contenus sous forme de texte avec liaisons dans Anytype.

De plus, je n'aurais pas trouvé l'énergie de me lancer sur ce nouveau projet si je n'avais pas commencé par une version très simple et non "scalable". C'est un vrai progrès personnel : j'ai toujours travaillé en essayant de concevoir le maximum de choses d'avances, pour me rassurer et limiter les risques, et parce que c'est ce qu'on apprend à l'école. Les problèmes, c'est que je dépensais pour cela une énergie folle et que bien sûr, la réalité ne correspond jamais vraiment aux prévisions.

En me lançant avec une première version pas du tout aboutie mais fonctionnelle, je me suis autorisé à faire plus d'erreur, à m'exposer et à me concentrer sur du concret.

Références

Pour moi, favoriser l'open source est essentiel car cela fait partie des outils fondamentaux pour défendre ma liberté et celle des autres.

Tous les outils que j'utilise ou ai utilisé pour ce projet sont open source, sauf Anytype qui est juste "open core" (c'est à dire qu'ils publient leur code mais n'autorisent pas tous les usages avec). Ils présentent aussi tous des plans gratuits bien pratiques pour se lancer sans contrainte financière.

• Anytype : https://anytype.io/
• Baserow : https://baserow.io/
• Supabase : https://supabase.com/
• Plasmic : https://www.plasmic.app/

J'ai aussi testé ou envisagé sans les retenir quelques autres solutions comme WordPress ou Silex. Provisoirement, en attendant d'avoir créé toutes les interfaces dont j'ai besoin avec Plasmic, j'utilise NocoDB, connecté à Supabase, pour disposer d'une interface visuelle équivalente à Baserow (avec des formules moins avancées mais la possibilité de me connecter plusieurs bases de données si besoin).

J'utilise beaucoup Alternative.to pour trouver les outils dont j'ai besoin, on y peut filtrer les applications selon de nombreux critère, je le recommande.

Ensuite, il faut tester et se lancer, voire tester en se lançant !

opensource #nocode #lowcode #vibecoding #ia #produitsnaturels #zeroplastique #nostrfr

@ 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

@ 9ca447d2:fbf5a36d

Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.

The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

According to the company, the offering is expected to close by the end of May, pending standard closing conditions.

Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.

“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”

He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.

“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.

The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.

TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.

Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.

Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.

The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.

Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today

Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.

Trump Media’s official announcement

This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.

President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”

Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.

These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.

But not everyone is happy.

Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.

Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.

@ c4f5e7a7:8856cac7

I've managed to amass three SN profiles.

Is there a way to combined these?

@k00b @ek

https://stacker.news/items/995836

@ bc6ccd13:f53098e4

If you haven’t read part 1 of this article, you should start there. This second part will build on the information I presented in part one. I’m going beyond just presenting the facts, to try and break down the broader principles behind what makes the Amish culture exceptional and whether any of those principles can be applied to solve the challenges facing the broader cultural landscape.

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It wasn’t so long ago that the mainstream conversation around population was exclusively focused on the dangers of overpopulation. The fatal flaws in the Malthusian theory had yet to be disproven clearly and obviously by observable demographic trends. That’s been gradually changing, and while it’s hardly a mainstream consensus, concerns about falling birthrates and the risk of population collapse have taken over the population conversion on the political right, and sometimes beyond.

In part 1, I walked through the life of a typical Amish person, male or female, and attempted to highlight some specific characteristics of their culture that contribute to their default large family size. I’m of course making some assumptions in doing that, and you might disagree with my opinion on the relative impact of various cultural factors. But in general, I don’t think I made too many unreasonable inferences. I laid out the facts as clearly as possible, and didn’t go too far beyond that.

In this part, I want to go beyond the facts and into the realm of hypothesis and speculation. That means I don’t have scientific studies or hard data to categorically prove my points. So if you disagree, you’re absolutely welcome to do so, but don’t expect me to tenaciously defend my opinions with reams of hard data and irrefutable evidence. My purpose is to expand the conversation, not to present a definite solution to any perceived problem.

Is there a problem to solve?

For starters, not everyone agrees that globally collapsing fertility is, in fact, a problem to be solved. Although that’s definitely the dominate consensus in the alternative media space, and is reaching a wider audience thanks to the attention of figures like Elon Musk, the average normie still believes the debunked Malthusian hypothesis that human population is on an exponential trajectory to disaster. They’re more likely to view a collapsing global population as a good thing than as an unmitigated disaster in the making. If that’s your view, you aren’t likely to find my writing particularly compelling. But if you are interested in challenging that belief, I point out some of the potential implications of population collapse here.

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If you’re already convinced that global below-replacement fertility is a problem to solve, then you’re in the right place.

Is there a solution?

The modern mind rarely stops to evaluate this question. As soon as a problem is presented, we immediately jump to searching for the ideal solution. That’s a foolish, and occasionally catastrophic, mistake. Before searching for a solution, it’s worth considering whether the possibility of a solution even exists, and more importantly, whether a potential solution would have unintended consequences less severe than the problem it’s intended to solve.

Often those questions can’t be answered until some attempts to find a solution have been made. But we should keep them at the top of our minds throughout the search. Otherwise we can easily find ourselves genetically modifying generally harmless diseases in the lab to make them deadly to humans as we search for a “solution” to disease, or cutting down and burning trees to produce electricity as we attempt to “solve” the climate.

When it comes to global fertility, I’ll give you my conclusion first. Yes, there are solutions to this problem. No, they almost certainly won’t be adopted on a large scale. And I’m not sure if that should be considered a failure.

That’s because of the nature of the problem. People act according to incentives. When global population was growing exponentially, that was because of the incentive structures influencing the choices of each individual. Now that the fertility rate has dropped dramatically, and global population is set to peak and collapse, that’s also because of the incentive structures influencing the choices of each individual. Globally.

That means something happened over the past few centuries that upset historical incentive structures globally. There’s every reason to believe that whatever happened was largely an emergent phenomenon. If it was, resetting the incentive structures would mean imposing, somehow, an incentive structure diametrically opposed to the naturally emergent structure. That somehow gives me pause. How certain are we that overruling a global emergent phenomenon is even possible, and if it were, less destructive than the alternative?

Because logically, the current trajectory will become unsustainable at some point. Fertility can’t continue to fall indefinitely, that trend ends in total extinction. So that leaves two alternative outcomes, absent the kind of global intervention I alluded to. One, it does continue to fall, and humans go extinct. I write that one off because it doesn’t align with my worldview, so as far as I’m concerned I know it won’t happen. You’re free to disagree. Or two, fertility continues to fall until the negative effects of falling population destroy the new global incentive structure of the past few centuries through the partial or total collapse of the emergent phenomenon underlying that structure. If you identify what you think that emergent phenomenon is, and conclude that it’s “too big to fail”, you should probably use some imagination and reconsider.

To take it one step further for the really esoteric thinkers, maybe the whole thing is less of a new concept and more of a certain phase of a larger cycle humans keep repeating throughout history. I’ll leave that one to your imagination.

What can we learn about potential solutions from the Amish?

Like I mentioned in part 1, looking at a group like the the Amish in this context is particularly useful. They exist as a sub-group within a larger environment, so that allows us to eliminate a lot of incorrect theories based on their similar circumstances. The Amish live on the same planet, breathe the same air, drink the same water, eat similar food, buy homes in the same housing market, work in the same labor market, etc. That casts significant doubt on a number of very popular theories on why people in America aren’t reproducing.

That leaves us to focus on the significant differences between Amish culture and mainstream American culture with full confidence that the real answer lies somewhere in those differences.

The structure of this article will be something of a stream-of-consciousness. I’m not going to attempt to isolate and breakdown every aspect of Amish culture independent of the whole, because that won’t be useful or accurate. I’m convinced that the factors influencing Amish fertility are best understood as parts of a larger structure, and not as cumulative independent variables. So I’m going to start by taking a birds-eye view of that structure, and then zooming in on how the various pieces support the whole.

Throughout the past few months, I’ve read a lot of material on this topic as I researched and refined my conclusions. To give credit where credit is due, I haven’t found anyone who expresses a view as coherent as the one Johann Kurtz gives in his article

https://becomingnoble.substack.com/p/its-embarrassing-to-be-a-stay-at

This is an excellent and well-thought-out piece, and one that’s rightfully gotten a lot of attention in the alternative media space. It’s only with a great deal of respect and serious hesitation that I disagree with any aspect of his work, and I do so in a spirit of advancing the intellectual discourse rather than any delusions of my superior knowledge or abilities as an author.

The role of status

The primary thesis of Mr. Kurtz’s article is that declining fertility is a consequence of a decline in the status of motherhood compared to the status afforded by various alternative life paths. While it wasn’t the only point I made in part 1 of this article, I did mention the relative status of parenthood within the Amish culture in various contexts. And a few months of research and reflection have convinced me that status is the correct starting point for understanding fertility, both within Amish culture and also more broadly. On that point, Mr. Kurtz and I fully agree. He says,

Specifically, I contend that the basic epistemological assumptions which underpin modern civilization result in the net status outcome of having a child being lower than the status outcomes of various competing undertakings, and that this results in a population-wide hyper-sensitivity to any and all adverse factors which make having children more difficult, whatever these may be in a given society.

That seems to me like a fair assessment of the situation.

And Mr. Kurtz mentions the Amish specifically, so he’s aware of their unusual pattern and has integrated that data into his hypothesis. I believe he’s correct in doing so.

With that said, I want to dive a little deeper into the idea of status and how it relates to the Amish specifically. I think they can give us some insights into the topic that make more sense of the broader cultural landscape.

First off, let’s define status. Mr. Kurtz lays it out this way.

Status, or ‘social status’, is a key field within sociology. The term denotes a universal set of human instincts and behaviors. Status describes the perceived standing of the individual within the group. It denotes their social value and their place within the formal and informal hierarchies which comprise a society. It finds expression in the behaviors of deference, access, inclusion, approval, acclaim, respect, and honor (and indeed in their opposites - rejection, ostracization, humiliation, and so forth).

Higher status individuals are trusted with influential decisions (power), participation in productive ventures (resources), social support (health), and access to desirable mates (reproduction).

Gaining status is a motivation for each individual to productively participate in society. Status is gained and maintained through approved behaviors (achievement, etiquette, defending the group) and through the possession of recognized ‘status symbols’ (titles, wealth, important physical assets).

As he points out, status is a relative game. One’s status is measured in relation to others in the group, not in relation to some objective metric.

In correctly understanding status, there’s a fine line between the concept of status as an end in itself, and status as a means to the benefits afforded by higher status. If there’s one fundamental complaint I have with Mr. Kurtz’s piece, it’s that he seems to lean too far into the concept of status as an end in itself. Taken to extremes, it’s the idea that status is somehow an arbitrary and external scale, and that if we can just manipulate or recreate that scale to place parenthood at the top, we can solve for higher fertility without changing any physical realities in the real world. I disagree with that concept of status.

If you look at the attributes of higher status, they’re all very much tangible, physical benefits. He lists four; power, resources, health, and reproduction. Power gives a person the ability to bend the behavior of others to their own tangible benefit. Access to resources is a direct physical benefit to a person’s survival and wellbeing. Health is also a direct physical benefit. And access to reproduction, while closely tied to emotional well-being, is also a distinctly physical benefit and one we’re hard-wired to respond to, given that the alternative is the end of that bloodline.

Along with that, there’s also the complex overlap between achievements that increase status and benefits conferred by higher status. If someone acquires a lot of wealth, that’s going to increase their relative status. But access to wealth-increasing opportunity is also a benefit of higher status. Similarly, acquiring a desirable mate definitely increases a person’s status. But achieving higher status by acquiring wealth also opens up the opportunity to attract a more desirable mate. All of these things are very closely entwined, and in my opinion, are the reason why status is such an existential concern. As Mr. Kurtz points out, a person can experience severe distress from loss of status, even if their own situation seems to be unchanged and they only lost status because others advanced faster. That makes sense when you consider that a relative loss of status still makes it more difficult to access the resources needed to maintain one’s status moving forward. So even if one’s absolute condition hasn’t changed, the fear that lower status could be the beginning of an irreversible downward spiral is very real.

With that in mind, I’m going to look at status in the Amish culture as closely tied to physical reality, and not only as a mental scoreboard to be manipulated at will.

In part 1, I mentioned status here.

When it comes to status, the benefits are just as clear. Amish life revolves around family, and nothing is higher status than a thriving family of your own.

That’s the bird’s-eye view of family and status in the Amish culture. But it’s not enough to stop there and say “we just need to create a status hierarchy that places motherhood at the top like the Amish have” and leave it at that. The important part is why the Amish status hierarchy, and the mainstream status hierarchy globally until 200 years ago, placed parenthood so high up the scale.

I don’t believe that hierarchies, including the status hierarchy, develop in a random way. I think they are, at least originally, rooted in physical realities. In other words, the status hierarchy elevates certain things because those things are useful markers of value to the group. Wealth is high-status because it implies competence and ability, which is a valuable asset to the group. Without competent people working hard and being productive, the group will be impoverished. Similarly, parenthood is high-status because reproduction is an existential concern for the group. Without it, the group goes extinct.

These status markers are enforced by the feedback loop of physical reality. If a group attempts to function with wealth way down at the bottom of their status hierarchy, the group will be poor and unsuccessful and will be dominated by a group with a functional status hierarchy. If a group attempts to function with parenthood way down at the bottom of their status hierarchy, as the mainstream culture is currently doing, they’ll go extinct and be replaced by the Amish. Hyperbolic, maybe, but I’m trying to illustrate the point. There may be a lag in the feedback loop, but reality is inevitable.

What keeps status hierarchies largely functional is that desirable behaviors tend to cluster. Incentive structures align to keep it that way. Working hard results in higher income, which increases status. Higher status and more disposable income are powerful motivators.

Beyond that, functional societies are incentivized to “help” the feedback loops of reality with social institutions. Honesty is important in maintaining a functional, productive high-trust society. So we put thieves in prison rather than letting them use their stolen wealth to increase their status, turning our society into South Africa and destroying our wealth to the point that we become globally non-competitive. These social institutions serve a very important purpose, but they begin to break down when the lag between cause and effect becomes too big for the average person to understand. At that point, they lose their public support and can no longer function, and shorter-term incentive structures “reset” the status hierarchy. Then we end up with things like a status hierarchy that no longer penalizes divorce, even though the long-term effects are devastating, because the average person can’t see past their own short-term incentives.

So let’s look at the Amish status hierarchy around family and children. Why is a large family still high-status in that culture?

One could first look at the effects of peer pressure and social conditioning. Most Amish children grow up in large families, surrounded by peers in equally large families. As they mature, they see their peers get married at a young age, and have children at a young age. Doing otherwise means swimming against the current, not fitting in with the group. And fitting in with the group is itself a kind of status marker.

While that’s certainly a powerful incentive, it doesn’t explain the difference between the Amish and broader culture. After all, that was everyone’s experience a few centuries ago at most. If inertia were enough to keep the Amish at a 6 TFR, why would everyone else fall below 2 over the same period? So while the lack of exposure to large families is a commonly invoked reason for falling birthrates, it doesn’t explain how we got here to begin with.

Mr. Kurtz has this to say about the changes brought about by the Enlightenment.

Thus the Enlightenment initially opened up new status opportunities for men (success) whilst undermining those that supported women (virtue). We all have a psychological need for status, and so it was only a matter of time before women demanded access to and participation within success games (education, commerce, politics, even sport). Unfortunately, accruing status through success games is time intensive, and unlike virtue games, trades off directly with fertility.

Over time, this set of status mechanics spread, intensified, and deepened, particularly during the process of urbanization during the Industrial Revolution. Ultimately this culminates in today, when the standard introductory question has become ‘What do you do?’. This is because the most effective way to gauge the status of one’s interlocutor is to understand their level of success within our meritocracy. Unfortunately, ‘I’m a mother’ is not a good answer to this question, because this conveys little status within a success framework, which is usually the operative one. Women are, understandably, hesitant to be continuously humiliated in this way, and will make whatever tradeoffs are necessary to ensure they have a better answer.

I think he’s onto something here. The Enlightenment did bring significant changes, and I want to zero in on the effects of the Industrial Revolution specifically. Prior to the Industrial Revolution, the family typically functioned as the primary economic unit. Wage labor was less common, and subsistence farming was widespread. In that system, every member of the family, and often the extended rather than the nuclear family, worked together to support the family unit. While there were gender roles, the husband and father’s work in the fields was less distinct from the wife and mother’s work in the home. Both often worked in directly complementary roles, for example the wife and daughters milking the cows while the father and sons fed, watered and cared for the animals. The “paid work” was just as often selling butter churned by the wife as selling grain the husband raised and harvested. There was not a distinct breadwinner versus homemaker role, all work was directly and clearly in support of the family as a whole. In that scenario, the question “what do you do?” would have been silly, and “I’m a mother” wouldn’t be fundamentally different than the husband’s answer of “I’m a farmer.” Status from an economic perspective would be clearly understood as a cooperative achievement. And since children were part of the economic unit, a large family had a very quick and direct economic feedback loop to higher status.

With the Industrial Revolution and the rise of wage labor, the primary economic unit became the individual rather than the family. Along with that came the invention of household appliances that drastically reduced the burden of domestic labor. Suddenly the financial status of the household was entirely dependent on the breadwinner. There’s no fundamental reason that should lower the status of the homemaking wife. As Mr. Kurtz pointed out, before the Enlightenment, a woman’s status was modified substantially by her husband’s status. And I would argue that’s still that case at the extremes. I doubt the wives of wealthy entrepreneurs and sports stars get asked “what do you do?” very often in their social circles. But what did happen is that the reduced burden of domestic labor gave women the potential to contribute to the family outside the homemaking role, and they began to demand more freedom and opportunity to do so. As they shifted more into that financial status hierarchy, it created a direct status tradeoff between career and children. Like Mr. Kurtz pointed out, “women demanded access to and participation within success games (education, commerce, politics, even sport)”.

The Amish managed to maintain the traditional status hierarchy by saying “no” to that demand. Amish women do not have independent access to education, commerce, politics, or sport. They don’t have the option of pursuing those status markers within the Amish culture.

As you can imagine, I don’t believe this approach will be implemented on a wider scale. I don’t see it happening across liberal democracies, since the bridge of universal suffrage has already been crossed.

The Amish maintain their social structure through their insular lifestyle and their severe ostracization of those who choose to leave. It’s a significant tradeoff to young people, so much so that most choose their family and community over the opportunities of the broader culture. The evidence shows that, given the opportunity with no significant tradeoff, most young women choose education and career over marriage and children.

Here’s the thing about this post-Enlightenment status hierarchy; it’s societal suicide. That much is obvious. So given that status hierarchies exist to serve group interests, this one is obviously terminally defective. So how did that happen? In my opinion, the underlying problem is that the lag time between anti-social behavior and its consequences has been inflated by the Industrial Revolution to the point that the social institutions meant to punish anti-social behavior have collapsed, and the short-term incentive structures now point away from parenthood.

The Amish have escaped that effect by creating a “moat” around their social group. Within that group, they artificially exclude certain things that aid and encourage anti-social behavior, and artificially enforce certain feedback loops that have become disconnected as a result of the Industrial Revolution.

I’ll give some examples.

One of the primary feedback loops for high fertility is that if you don’t have children, you have no one to care for you when you’re old and unable to work. In the bad old days of subsistence farming, there was no such thing as “saving for retirement”. Every year was a struggle for survival, and there were no functional financial instruments available to save and invest for decades in the future. The Industrial Revolution changed all that, and most importantly led to the creation of pensions and public welfare systems. Now anyone without children to care for them could be cared for in old age by one of these financial schemes. Did that fundamentally solve a problem? No, not at all. Look at the bankrupt state of global public pension schemes today, and the imminent collapse they face as the result of (checks notes)… too few young workers to support each retiree. Turns out, society actually does need everyone to have enough children to support them in old age. The Industrial Revolution just broke the direct feedback loop, so everyone doesn’t get to see the poor souls without children begging on the street or sent to the poorhouse in their old age, and can therefore conclude that not having children is a purely personal choice and won’t have any effect on their lifestyle at age 80. The Amish took a different approach. They are exempt from Social Security. They don’t pay into it, and they aren’t eligible to collect it. They can see from a young age that children care for and support their elderly parents. They know that if they don’t have children and grandchildren, their elderly years will be much more difficult and depressing. They don’t get fed any dishonest media narratives portraying some rosy alternative reality. The historical status hierarchy rewarding large families remains intact.

As another example, casual sex historically resulted in unplanned pregnancies, and without good employment opportunities or public welfare schemes, single mothers faced an extremely difficult life. With the invention of reliable contraceptives, legal abortion, good employment opportunities, court-mandated child support, and public welfare, casual sex no longer carries catastrophic consequences for women. Over the longer term, it leads to drastically reduced marriage rates, lower fertility rates, higher rates of single motherhood, dysfunctional children, and eventually societal collapse. The Amish fight this trend in various ways. First, the lack of employment opportunities for women means that they’re fundamentally dependent on family and community for support. And violating community expectations by engaging in sex outside of marriage puts that support in jeopardy. That’s a strong deterrent. The absence of sex education makes it much less likely that young people will feel comfortable engaging in casual sex without risking pregnancy, and much more likely that they’ll abstain altogether, given the significant social consequences. All on top of the religious teaching against it, which in my opinion is just additional icing on the cake. None of that does anything to diminish the human sex drive. So particularly for young men, that incentive structure makes early marriage a lot more appealing than it might otherwise be. Once again, the historical status hierarchy remains intact.

Another example would be lifestyle based. Although the Amish are no longer primarily subsistence farmers, they reject many of the modern conveniences that eliminated the labor involved in housework. Their insistence on distinctive clothing means the women still spend significant time sewing for the family. And all that clothing must be washed with much more primitive equipment than we’re accustomed to. Cooking is also more labor intensive, and eating out, ordering takeout, or buying prepared food are much less accepted. No microwave to heat up a TV dinner, or even last night’s leftovers. Gardening and preserving food is strongly encouraged. No vacuum cleaners for cleaning. Mowing the lawn might require a hand-pushed mechanical reel mower, not a ride-on garden tractor. The lack of cars makes staying home and caring for the household much less optional, for both men and women. And the large potential income disparity between men and women makes all men potentially attractive mates to all women. That eliminates the hypergamous trap we have now where the average man isn’t sufficiently high-status to attract the average woman, which leaves both groups single and frustrated while the majority of women chase an increasingly small group of men with the financial resources to actually improve their lifestyle. All those restrictions for the Amish make life much more comfortable as a team effort, for both men and women. Trying to do it all yourself would hardly be feasible. The alternative is to stay living at home with your parents, hardly a rewarding or high-status lifestyle in any cultural setting. In this case, the Amish have chosen to artificially restrict their access to the physical benefits of the Industrial Revolution. This is less about status, and more about creating conditions that make marriage a direct lifestyle benefit. Once again, it’s questionable whether all these modern technologies and conveniences can survive in an environment of collapsing global population. So the approach the Amish are taking may just be an artificial short-circuit of a feedback loop that will send us all back to the Dark Ages anyway. Regardless, they’ve managed to maintain the historical attractiveness of marriage, in this case by removing access to modern conveniences that allow us to effectively outsource labor in a way that makes the single lifestyle attractive. The attractive single lifestyle is largely historically unprecedented, and a direct result of the Industrial Revolution.

Many of the lifestyle choices of the Amish culture are less about direct effects, and more about maintaining the “moat” that keeps their culture somewhat isolated from the broader society. This makes a lot of sense when you understand that status is “the perceived standing of the individual within the group.” If you want to create your own status hierarchy, you have to create your own coherent group. The Amish severely restrict their exposure to the media and culture of the broader society. That’s a very effective way to maintain a coherent group. Amish young girls don’t feel the same pressure to pursue higher education and career over marriage and motherhood, because they don’t see a billion media references praising career and denigrating motherhood before they’re 18. And they don’t see a million “boss babes” on social media, TV, and Netflix shows flaunting the single lifestyle and bashing the patriarchy in heels. Instead, they see and hear their mothers, grandmothers, and aunts joyfully caring for and loving their large families, praised and supported by their devoted, hardworking husbands. The evidence shows that a free market in media doesn’t result in glowing depictions of parenthood that lead young people to reject career opportunities and pursue marriage instead. You can ask yourself why that might be, but that’s what history shows.

Across thousands of distinct cultural groups around the world, only a handful have rejected the dominant post-Enlightenment status hierarchy in favor of large families and traditional values. I’m not aware of any that managed it without significant insulation from the dominant culture. That tells me that the short-term incentive structure of modern society is more powerful than any historical cultural norms, and there is no passive solution that doesn’t involve collapse of that incentive structure and the civilization it rests on.

I could go into more detail on specifics of Amish culture and how they play into their status hierarchy. But you can read part 1 of the article and draw your own conclusions. I’m going to end with what’s sure to be a highly provocative list of requirements that would be necessary for the Amish status hierarchy to function across broader society. I don’t personally believe there’s any possibility of anything similar being widely adopted. And frankly, I don’t think it’s possible outside of a religious context, without the collapse of modern civilization as we know it. The collapse of modern civilization is the outcome I expect, although I’m happy to be proven wrong. So this is a philosophical exercise, not a policy prescription.

• End social acceptance of casual sex. Implement sever consequences for premarital sex or marital infidelity.

• End all forms of government financial support for the elderly. All elderly care is the responsibility of the family, or failing that, the church/community.

• End all government support for single mothers. Again, support for widows and those in other extenuating circumstances is the responsibility of the church/community.

• End all sex education in public schools. Sex education is the responsibility of the parents.

• Ban all forms of contraception, with significant penalties for violation.

• Ban abortion.

• Severely restrict access to higher education for women.

• End female participation in politics, including universal suffrage. One household, one vote. No voting by unmarried people, male or female.

• End the social and legal acceptance of divorce. No divorce permitted for any reason, and legal separation doesn’t allow for remarriage.

• End mandatory public education. Education is the responsibility of the parents.

• Ban negative messaging toward marriage and children in all forms of media.

• Severely restrict or outright eliminate social media platforms.

• Roll back child labor laws significantly.

I could add a few more, but I think that covers the essentials. If that sounds insane and offensive to you, I’m not shocked. This isn’t a policy prescription, and as I said at the beginning of the piece, I don’t necessarily believe that this is even a problem we should attempt to “fix”. The reason being, any government with the power to enforce these requirements on the world would be more concerning to me than the prospect of civilizational collapse itself. Civilization has collapsed before, many times throughout history. And we’ve always bounced back eventually. A global power of this magnitude might not be reversible.

But you should at least temper your shock and outrage with the realization that every item on that list was the accepted reality for most of human history, all the way up until the past few anomalous centuries.

My personal opinion is that too much obsession with this issue is probably a waste of time. Again, I don’t think any “solution” we come up with is likely to be less dangerous than the problem itself. I expect things to play out over a long period of time, and for the population decline to eventually degrade our interconnected, high-tech global civilization. Once many of the advances of the Industrial Revolution become widely unavailable, the natural incentive structures and status hierarchies will reemerge. And those incentive structures demand that men and women are natural allies, not enemies. We need each other, and the families we create together, to be a healthy, happy, flourishing, and productive society over the long term. If the prospect of losing our modern conveniences and going back to that world terrifies you, go befriend an Amish parent or grandparent. You’ll soon realize that they’re as happy and fulfilled in life as anyone you’ll ever meet. Life is a matter of perspective, not products. And my point in exploring this topic isn’t to spread doom, but to point out that we can make our own decisions and surround ourselves with like-minded people, and in doing so find peace and fulfillment in relationships and community instead of constantly chasing a dysfunctional, suicidal status hierarchy.

In conclusion, while writing this article, a stanza from Rudyard Kipling’s poem “The Gods of the Copybook Headings” kept coming to mind. It’s been over a hundred years since he penned these words, and the whole poem displays a prescience that’s positively uncanny. The seeds of the current issue were sown a long time ago, but there were people like him who saw the poisonous fruit coming even as the little plants were just emerging from the soil.

``` As I pass through my incarnations in every age and race, I make my proper prostrations to the Gods of the Market Place. Peering through reverent fingers I watch them flourish and fall, And the Gods of the Copybook Headings, I notice, outlast them all.

We were living in trees when they met us. They showed us each in turn That Water would certainly wet us, as Fire would certainly burn: But we found them lacking in Uplift, Vision and Breadth of Mind, So we left them to teach the Gorillas while we followed the March of Mankind.

We moved as the Spirit listed. They never altered their pace, Being neither cloud nor wind-borne like the Gods of the Market Place, But they always caught up with our progress, and presently word would come That a tribe had been wiped off its icefield, or the lights had gone out in Rome.

With the Hopes that our World is built on they were utterly out of touch, They denied that the Moon was Stilton; they denied she was even Dutch; They denied that Wishes were Horses; they denied that a Pig had Wings; So we worshipped the Gods of the Market Who promised these beautiful things.

When the Cambrian measures were forming, They promised perpetual peace. They swore, if we gave them our weapons, that the wars of the tribes would cease. But when we disarmed They sold us and delivered us bound to our foe, And the Gods of the Copybook Headings said: "Stick to the Devil you know."

On the first Feminian Sandstones we were promised the Fuller Life (Which started by loving our neighbour and ended by loving his wife) Till our women had no more children and the men lost reason and faith, And the Gods of the Copybook Headings said: "The Wages of Sin is Death."

In the Carboniferous Epoch we were promised abundance for all, By robbing selected Peter to pay for collective Paul; But, though we had plenty of money, there was nothing our money could buy, And the Gods of the Copybook Headings said: "If you don't work you die."

Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew, And the hearts of the meanest were humbled and began to believe it was true That All is not Gold that Glitters, and Two and Two make Four– And the Gods of the Copybook Headings limped up to explain it once more.

As it will be in the future, it was at the birth of Man There are only four things certain since Social Progress began. That the Dog returns to his Vomit and the Sow returns to her Mire, And the burnt Fool's bandaged finger goes wabbling back to the Fire;

And that after this is accomplished, and the brave new world begins When all men are paid for existing and no man must pay for his sins, As surely as Water will wet us, as surely as Fire will burn, The Gods of the Copybook Headings with terror and slaughter return! ```

@ 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

@ e2c72a5a:bfacb2ee

While Asia silently steals the crypto spotlight, America's grip on digital assets is slipping through its fingers.

The U.S. share of Bitcoin, Ethereum, and Solana trading has dropped below 45% as Asian markets surge to capture nearly a third of global crypto activity. This power shift comes despite Bitcoin's remarkable resilience, hovering above $105,000 after weathering a $1 billion liquidation storm.

What's driving this global rebalancing? Institutional players are flooding in – Strategy purchased $2.7 billion in Bitcoin while ETFs absorbed $5.2 billion in May alone. Meanwhile, Ethereum leads the recovery charge with a 4.5% gain as its Foundation restructures to sharpen its competitive edge.

The most fascinating development? Bitcoin's rally is happening on surprisingly low volume. ETFs now represent 45% of global spot BTC market volume, suggesting this isn't retail FOMO but calculated institutional positioning.

Is this the beginning of a new global crypto order? As trade tensions simmer between the U.S. and China, will Asia's growing influence reshape the future of digital assets?

@ e8646d56:72dab368

eee

@ 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.

@ b1ddb4d7:471244e7

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

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

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

What Will Be Reported?

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

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

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

Enforcement and Penalties

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

Regulatory Context and Market Impact

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

Enormous Risks for Consumers: Lessons from the Coinbase Data Breach

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

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

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

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

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

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

The Bottom Line

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

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

@ dfa02707:41ca50e3

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

@ b1ddb4d7:471244e7

When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.

While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.

We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.

First Steps

• So, where did it all begin for you and what made you stay curious?

I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.

I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.

After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.

I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.

Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.

That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.

When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.

DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.

The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”

• At what point did you start teaching others, and why?

After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.

What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.

Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.

I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?

Building on Bitcoin

• You hosted some in-person meetups in Sacramento. What did you learn from those?

My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.

I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.

At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.

Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.

• Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?

My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).

I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.

The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.

• How do local groups like Sactown and Cleveland Bitcoiners influence your work?

Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.

Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.

I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.

Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.

• What do people struggle with the most when it comes to technical education?

The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”

Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?

I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.

• One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?

I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.

They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.

As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.

• How do you choose what to focus on in your sessions, especially for different types of learners?

I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.

At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.

Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.

There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.

That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.

I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on

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 Easy-to-Use Software: Designed for Windows, our intuitive platform suits both beginners and experts, with detailed, step-by-step instructions provided.

 Customizable Flash Durations: Control your transaction lifespan precisely, from 60 to 360 days.

 Universal Wallet Compatibility: Instantly flash BTC, ETH, and USDT tokens to SegWit, Legacy, or BCH32 wallets.

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• Specify amount & flash duration
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Step : Complete Payment & Verification

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@ 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

@ b1ddb4d7:471244e7

When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.

While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.

We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.

First Steps

• So, where did it all begin for you and what made you stay curious?

I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.

I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.

After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.

I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.

Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.

That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.

When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.

DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.

The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”

• At what point did you start teaching others, and why?

After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.

What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.

Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.

I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?

Building on Bitcoin

• You hosted some in-person meetups in Sacramento. What did you learn from those?

My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.

I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.

At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.

Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.

• Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?

My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).

I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.

The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.

• How do local groups like Sactown and Cleveland Bitcoiners influence your work?

Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.

Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.

I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.

Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.

• What do people struggle with the most when it comes to technical education?

The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”

Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?

I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.

• One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?

I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.

They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.

As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.

• How do you choose what to focus on in your sessions, especially for different types of learners?

I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.

At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.

Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.

There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.

That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.

I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on

@ da8b7de1:c0164aee

Lengyelország előrelépése az első atomerőmű építésében

Lengyelország állami nukleáris vállalata, a Polskie Elektrownie Jadrowe (PEJ) és egy amerikai konzorcium – élén a Westinghouse és a Bechtel cégekkel – mérnöki fejlesztési megállapodást kötött. Ez a szerződés kulcsfontosságú lépés az ország első atomerőművének megvalósítása felé, lehetővé téve a részletes mérnöki és helyszínspecifikus munkák megkezdését. A lengyel kormány ezt mérföldkőnek tekinti az energiaszuverenitás és a dekarbonizáció felé vezető úton.

Amerikai politika: lendület az új nukleáris technológiáknak

Az Egyesült Államok kormánya elnöki rendeletet adott ki, amely reformokat vezet be a nukleáris reaktorok tesztelésében az Energiaügyi Minisztériumnál. A cél az új generációs reaktorok – köztük mikroreaktorok és kis moduláris reaktorok (SMR-ek) – fejlesztésének és engedélyezésének felgyorsítása, valamint a környezetvédelmi vizsgálatok egyszerűsítése. A rendelet legalább három új reaktor kritikus üzembe helyezését célozza meg 2026 júliusáig, támogatva ezzel az ipari alkalmazások széles körét, például adatközpontokat vagy hidrogéntermelést. Az intézkedés célja, hogy az USA visszaszerezze vezető szerepét a nukleáris innovációban, és csökkentse a korábbi években felhalmozódott engedélyezési akadályokat.

Kis moduláris reaktorok (SMR) fejlesztése világszerte

Az SMR-szektorban világszerte jelentős előrelépések történtek: - Az amerikai Tennessee Valley Authority (TVA) benyújtotta az első építési kérelmet egy GE Hitachi BWRX-300 SMR-re a Clinch River telephelyen. - Kanadában az Ontario Power Generation engedélyt kapott az első, négy tervezett SMR megépítésének megkezdésére a Darlington telephelyen. - Belgium és Brazília innovatív SMR-technológiákat vizsgál, köztük ólom-hűtésű reaktorokat és nemzetközi együttműködéseket. - Olyan technológiai óriások, mint a Google, az USA-ban korai fázisú fejlett nukleáris projektekbe fektetnek, ami a magánszektor növekvő érdeklődését mutatja.

Globális ipari és pénzügyi támogatás a nukleáris bővítéshez

Széles körű koalíció – köztük olyan nagyvállalatok, mint az Amazon, Google, Meta, Dow – és pénzügyi intézmények kötelezték el magukat amellett, hogy 2050-re megháromszorozzák a globális nukleáris kapacitást. Ez összhangban van az ENSZ klímacsúcsain tett vállalásokkal, ahol már 31 ország támogatja a nukleáris energia megháromszorozását a nettó zéró kibocsátási célok eléréséhez. Az amerikai kongresszus olyan törvényjavaslatokat készít elő, amelyek lehetővé tennék, hogy a multilaterális fejlesztési bankok – például a Világbank – is finanszírozhassanak nukleáris projekteket, megszüntetve ezzel a korábbi tiltásokat.

Közelgő nemzetközi nukleáris biztonsági gyakorlat

A Nemzetközi Atomenergia-ügynökség (IAEA) készül a ConvEx-3 vészhelyzeti gyakorlatára, amelyet 2025. június 24–25-én Romániában tartanak. A gyakorlat egy súlyos nukleáris vészhelyzetet szimulál a cernavodai atomerőműben, tesztelve a tagállamok és nemzetközi szervezetek felkészültségét és reagálóképességét. A ConvEx-3 a legmagasabb szintű IAEA vészhelyzeti gyakorlat, kulcsszerepet játszik a globális nukleáris biztonság és védelem erősítésében.

Politikai bizonytalanság Dél-Korea nukleáris terveiben

Dél-Korea 2025. június 3-i elnökválasztása hatással lehet az ország nukleáris reneszánszára. A vezető jelölt, Lee Jae-myung kijelentette, hogy „egyelőre” fenntartaná a nukleáris energiát, de hosszabb távon a megújulók felé mozdulna el. Ez bizonytalanságot okoz a koreai nukleáris ipar hazai és exportterveiben, ami kihatással lehet a globális ellátási láncokra és külföldi reaktorprojektekre is.

Iparági trendek és további fejlemények

• Japán új energiastratégiája maximalizálni kívánja a nukleáris energia részarányát, 2040-re mintegy 20%-ot célozva, különös hangsúlyt fektetve a következő generációs reaktorokra és a biztonság növelésére.
• Belgium kormánya és a francia Engie közműcég megállapodott a kulcsfontosságú reaktorok üzemidejének tízéves meghosszabbításáról, ami az európai nukleáris pálfordulás újabb jele.
• Az IAEA és a World Nuclear Association egyaránt növekvő nemzetközi érdeklődésről számol be az SMR-ek és fejlett reaktortechnológiák iránt, új projektek és partnerségek indulnak Ázsiában, Európában és Amerikában.

---

Források:
world-nuclear-news.org
nucnet.org
iaea.org
world-nuclear.org
govinfo.gov
whitehouse.gov

@ b1ddb4d7:471244e7

“Not your keys, not your coins” isn’t a slogan—it’s a survival mantra in the age of digital sovereignty.

The seismic collapses of Mt. Gox (2014) and FTX (2022) weren’t anomalies; they were wake-up calls. When $8.7 billion in customer funds vanished with FTX, it exposed the fatal flaw of third-party custody: your bitcoin is only as secure as your custodian’s weakest link.

Yet today, As of early 2025, analysts estimate that between 2.3 million and 3.7 million Bitcoins are permanently lost, representing approximately 11–18% of bitcoin’s fixed maximum supply of 21 million coins, with some reports suggesting losses as high as 4 million BTC. This paradox reveals a critical truth: self-custody isn’t just preferable—it’s essential—but it must be done right.

The Custody Spectrum

Custodial Wallets (The Illusion of Control)

• Rehypothecation Risk: Most platforms lend your bitcoin for yield generation. When Celsius collapsed, users discovered their “held” bitcoin was loaned out in risky strategies.
• Account Freezes: Regulatory actions can lock withdrawals overnight. In 2023, Binance suspended dollar withdrawals for U.S. users citing “partner bank issues,” trapping funds for weeks.
• Data Vulnerability: KYC requirements create honeypots for hackers. The 2024 Ledger breach exposed 270,000 users’ personal data despite hardware security.

True Self-Custody
Self-custody means exclusively controlling your private keys—the cryptographic strings that prove bitcoin ownership. Unlike banks or exchanges, self-custody eliminates:

• Counterparty risk (no FTX-style implosions)
• Censorship (no blocked transactions)
• Inflationary theft (no fractional reserve lending)

Conquering the Three Great Fears of Self-Custody

Fear 1: “I’ll Lose Everything If I Make a Mistake”

Reality: Human error is manageable with robust systems:

• Test Transactions: Always send a micro-amount (0.00001 BTC) before large transfers. Verify receipt AND ability to send back.
• Multi-Backup Protocol: Store seed phrases on fireproof/waterproof steel plates (not paper!). Distribute copies geographically—one in a home safe, another with trusted family 100+ miles away.
• SLIP39 Sharding: Split your seed into fragments requiring 3-of-5 shards to reconstruct. No single point of failure.

Fear 2: “Hackers Will Steal My Keys”

Reality: Offline storage defeats remote attacks:

• Hardware Wallets: Devices like Bitkey or Ledger keep keys in “cold storage”—isolated from internet-connected devices. Transactions require physical confirmation.
• Multisig Vaults: Bitvault’s multi-sig system requires attackers compromise multiple locations/devices simultaneously. Even losing two keys won’t forfeit funds.
• Air-Gapped Verification: Use dedicated offline devices for wallet setup. Never type seeds on internet-connected machines.

Fear 3: “My Family Can’t Access It If I Die”

Reality: Inheritance is solvable:

• Dead Man Switches: Bitwarden’s emergency access allows trusted contacts to retrieve encrypted keys after a pre-set waiting period (e.g., 30 days).
• Inheritance Protocols: Bitkey’s inheritance solution shares decryption keys via designated beneficiaries’ emails. Requires multiple approvals to prevent abuse.
• Public Key Registries: Share wallet XPUBs (not private keys!) with heirs. They can monitor balances but not spend, ensuring transparency without risk.

The Freedom Dividend

1. Censorship Resistance: Send $10M BTC to a Wikileaks wallet without Visa/Mastercard blocking it.
2. Privacy Preservation: Avoid KYC surveillance—non-custodial wallets like Flash require zero ID verification.
3. Protocol Access: Participate in bitcoin-native innovations (Lightning Network, DLCs) only possible with self-custodied keys.
4. Black Swan Immunity: When Cyprus-style bank bailins happen, your bitcoin remains untouched in your vault.

The Sovereign’s Checklist

1. Withdraw from Exchanges: Move all BTC > $1,000 to self-custody immediately.
2. Buy Hardware Wallet: Purchase DIRECTLY from manufacturer (no Amazon!) to avoid supply-chain tampering.
3. Generate Seed OFFLINE: Use air-gapped device, write phrase on steel—never digitally.
4. Test Recovery: Delete wallet, restore from seed before funding.
5. Implement Multisig: For > $75k, use Bitvault for 2-of-3 multi-sig setup.
6. Create Inheritance Plan: Share XPUBs/SLIP39 shards with heirs + legal documents.

“Self-custody isn’t about avoiding risk—it’s about transferring risk from opaque institutions to transparent, controllable systems you design.”

The Inevitable Evolution: Custody Without Compromise

Emerging solutions are erasing old tradeoffs:

• MPC Wallets: Services like Xapo Bank shatter keys into encrypted fragments distributed globally. No single device holds full keys, defeating physical theft.
• Social Recovery: Ethically designed networks (e.g., Bitkey) let trusted contacts restore access without custodial control.
• Biometric Assurance: Fingerprint reset protocols prevent lockouts from physical injuries.

Lost keys = lost bitcoin. But consider the alternative: entrusting your life savings to entities with proven 8% annual failure rates among exchanges. Self-custody shifts responsibility from hoping institutions won’t fail to knowing your system can’t fail without your consent.

Take action today: Move one coin. Test one recovery. Share one xpub. The path to unchained wealth begins with a single satoshi under your control.

@ 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

@ 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.

@ 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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@ eb0157af:77ab6c55

Speaking to Atlas21 microphones, Marco Argentieri, CEO of Ark Labs, talked about the Ark protocol, its synergy with LN and the debate on OP_RETURN.

During the Tuscany Lightning Summit 2025 in Viareggio, Marco Argentieri, CEO of Ark Labs, explained to Atlas21 microphones why Ark is not a competitor to the Lightning Network and discussed the role that the protocol can play in the ecosystem.

The conversation opened with a reflection on Bitcoin’s role as programmable money: “I believe Bitcoin must be programmable money not only because Satoshi himself put a script in Bitcoin, therefore a programming language, but also because when you start working with merchants, companies, payment processors, we realize that we need Bitcoin to be programmable to make payments effective,” Argentieri explained.

According to the CEO of Ark Labs, the success of the swap model that made wallets like Muun popular shows users’ desire to use LN, but without its technical complexity. “Muun was one of the first wallets to use this model and is still today among the most downloaded precisely for its simplicity,” the CEO observed.

But programmability doesn’t only serve end users. Argentieri draws attention to merchants, who represent the other side of the coin in payments. “Those who receive payments – merchants – for accounting reasons and to have regularity of cash flow, would like to have a less volatile currency,” he explained. The solution, for Argentieri, could be represented by derivative contracts that allow accepting bitcoin without suffering volatility, exploiting hedging strategies, and to do this “you need Bitcoin to be programmable.”

Ark as complementary technology

Regarding the initial perception of Ark as a “Lightning killer,” Argentieri clarified: “It was short-term marketing” that generated misunderstandings. “From the beginning I have always seen Ark and Lightning as two completely different and complementary technologies.”

Ark Labs’ strategy demonstrates this: “The first thing we did was a partnership with swap provider Boltz,” Argentieri recounted. Lightning channel managers need continuous swaps to rebalance channels: in this way Ark helps Boltz not to have to introduce an additional blockchain, the CEO of Ark Labs commented.

According to Argentieri, the synergy relationship works in both directions: “Lightning helps Ark because Ark is based on a client-server approach with operators, and Lightning can be used as a lingua franca to go from one ark to another.” The result is a system that Argentieri describes as “banks that cannot confiscate your funds.”

On the issue of self-custody scalability, the CEO of Ark Labs provided a realistic assessment of current limits: “It is mathematically impossible for every user to have their own UTXO. Ark offers a solution through VTXOs (Virtual Transaction Output).” Argentieri used a comparison to clarify the difference: “I always describe a UTXO as having your own land, like buying a beachfront house in Miami in the sixties. It’s your property, but if you want to sell it will be slow and expensive.” VTXOs, instead, are “like an airbnb – very simple to enter and exit, but you have to pay rent.”

The crucial aspect is unilateral exit from the network: “Ark gives the possibility of not doing vendor lock-in. It’s like a rental where I know that eventually I can always transform it into a house. I won’t do this with a few satoshis, I’ll wait to accumulate enough to afford a whole UTXO,” Argentieri stated.

B2B before retail

Argentieri sees Ark primarily as B2B infrastructure rather than retail: “Initially there was the idea of Ark as a mobile wallet for coffee payments, but I think it’s the opposite.”

“Doing the same things that can already be done with traditional fintech systems is a mistake.” The real opportunity, according to the CEO of Ark Labs, lies in use cases that only Bitcoin can enable: “When there are still Bitcoin startups that would like to pay their employees in bitcoin but cannot due to lack of infrastructure, there is the potential.”

The approach foresees initial adoption oriented to the corporate world: “Bitcoin must first take companies and sophisticated operators. There are the new use cases that you couldn’t do before Bitcoin.” The famous “coffee paid with bitcoin”? It’s not a technological problem, it’s an adoption problem, Argentieri commented.

Arkade: platform for off-chain contracts

Arkade, “the name of our online platform,” represents the practical implementation of this vision, Argentieri explained, specifying that it is “a set of technologies and approaches.” The goal is to create “the first platform to execute Bitcoin contracts off-chain instead of on-chain, using Ark to give unilateral exit from the network.”

The architecture maintains Bitcoin philosophy: “I believe the UTXO model is much better than the Ethereum model, but obviously we have to make these contracts off-chain.”

The OP_RETURN case

On the OP_RETURN debate, Argentieri expressed two positions: “At a technological level I am in favor of removal because we are seeing that the ecosystem is looking for other approaches,” he explains. But the problem is not technical, it’s political: “Bitcoin is not just technology but also people, humans, culture.”

The criticism of the CEO of Ark Labs concerns timing: “I am against the fact that Bitcoin Core in version 29 has this modification because many people are not in favor currently. There’s no hurry, let’s do it in version 30 so we have another six months to deepen the debate.”

For Argentieri, the discussion revealed a governance problem: “From a political point of view, this shows a communication error. Bitcoin is no longer a toy for kids but an industry.” And like every mature industry, it needs adequate governance structures, the CEO of Ark Labs suggested. Argentieri’s proposal includes the introduction of specialized figures: “Just as there are core developers, there could be core communicators who say ‘wait, let’s think about it’ before making decisions that impact the community.”

The post Marco Argentieri: “Ark will make Lightning more efficient, it’s not a competitor” appeared first on Atlas21.

@ 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.

@ 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

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

— ODELL (@ODELL) December 14, 2022

Good morning.

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

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

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

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

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

@ b1ddb4d7:471244e7

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

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

We did the unthinkable!

Website monetization used to be super complicated.

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

WHAT IF WE DON'T?

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

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

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

Accept Bitcoin in Three Minutes

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

The Bitcoin Payment Revolution

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

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

All-in-One Monetization Platform

More than just a payment gateway, Flash 2.0 is a complete Bitcoin monetization suite, providing multiple ways for businesses to integrate Bitcoin into their operations. Merchants can accept payments online and in-store, content creators can monetize with donations and paywalls, and freelancers can send instant invoices via payment links.

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

E-Commerce for Everyone

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

And for those looking to start selling, Flash’s built-in e-commerce features allow users to create online stores, showcase products, and manage payments seamlessly.

No Middlemen, No Chargebacks, No Limits

Unlike traditional payment platforms, Flash does not hold or process funds. Businesses receive Bitcoin directly, instantly, and securely. There are no chargebacks, giving merchants full control over refunds and eliminating fraud. Flash also remains KYC-free, ensuring a seamless experience for businesses and customers alike.

A Completely Redesigned Experience

“The world is waking up to Bitcoin. Just like the internet revolutionized commerce, Bitcoin is reshaping finance. Businesses need solutions that are simple, efficient, and truly decentralized. Flash 2.0 is more than just a payment processor—it’s a gateway to the future of digital transactions, putting financial power back into the hands of businesses.”

— Pierre Corbin, CEO at Flash.

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

About Flash

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

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

Press Contact:

Julien Bouvier
Head of Marketing
+3360941039

@ 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

@ 9ca447d2:fbf5a36d

Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.

The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

According to the company, the offering is expected to close by the end of May, pending standard closing conditions.

Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.

“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”

He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.

“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.

The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.

TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.

Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.

Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.

The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.

Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today

Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.

Trump Media’s official announcement

This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.

President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”

Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.

These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.

But not everyone is happy.

Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.

Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com

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Bitcoinova potrošnja energije nije „rasipna“

– On je mnogo efikasniji od postojećih finansijskih sistema

– Niko nema moralni autoritet da vam kaže šta je dobra ili loša upotreba energije (npr: gledanje Parova, Zadruge ili Farme)

Hajde da raskrinkamo ovaj FUD (eng. Fear, Uncertainty and Doubt – Strah, Neizvesnost i Sumnju)

U ovom članku istražujem kako je sve oko nas energija, novac je energija, subjektivna upotreba energije i troškovi PoW-a (eng. Proof of work – Dokaz rada) u odnosu na postojeće sisteme upravljanja.

Ideja da je „rad“ energija, započela je kada je francuski matematičar Gaspard-Gustave de Coriolis predstavio ideju da je energija „odrađen rad“. Nekada davno, celokupan posao koji je odrađivan u ekonomiji realizovan je kroz ljuduski rad. Taj rad pokretala je hrana. Pre više hiljada godina, naša potrošnja energije se povećala kada smo pripitomili životinje koje bi mogle da rade umesto nas. Ti novi radnici takođe su morali da budu nahranjeni. Velike količine hrane bile su potrebne da bi se zadovoljile potrebe za energijom, a zajedno sa nama, povećavao se i naš prosperitet.

U poslednjih nekoliko stotina godina napravili smo sjajne mašine koje imaju svrhu izvršavanja tj. proizvodnje odredjenog rada. I mašine i priroda proizvode rad korišćenjem energije (prvi zakon termodinamike). Imamo ekonomiju koja se ne zasniva na novcu, već na radu i energiji.

Sve stvari u našem životu su usko povezane sa cenom energije. Troškovi bilo kog dobra su u velikoj meri odraz energije koja se koristi u proizvodnji tog dobra. Novac, koji predstavlja rad potreban za generisanje dobara i usluga, takođe se može posmatrati kao uskladištena energija.

Početkom 20. veka, ljudi su bili zainteresovani za zamenu zlata ili dolara sa „energetskim dolarom“ ili „jedinicama energije“. Koncept je bio popularan zbog svojih dobrih novčanih karakteristika. Mane? Nije se moglo lako preneti ili skladištiti.

„Da bi muškaraca/ženu naterao da poželi neku stvar, potrebno je samo učiniti stvar teškom za dobijanje.“ – Mark Twain Bitcoin-ov PoW je prvobitno izmišljen kao mera protiv spam email-ova. Tek nešto kasnije, Satoshi ga je prilagodio da se koristi u digitalnoj gotovini.

Ono što PoW rudarenje radi „ispod haube“ je upotreba namenskih mašina (ASIC-a) za pretvaranje električne energije u Bitcoin-e (putem blok nagrade). Bitcoin ima kapitalistički mehanizam glasanja, „rizikovan novac, dobijeni glasovi“ pomoću energije/ASIC-a koji se koriste za generisanje heš-ova (glasova).

Kada je Satoshi dizajnirao PoW, iz temelja je promenio način na koji se formira konsenzus između ljudi od političkih do apolitičnih glasova (heš-ova) pretvaranjem energije. To je najjednostavniji i najpravedniji način da fizički svet potvrdi nešto u digitalnom svetu.

Bitcoin je odlična roba, iskovana iz energije, osnovna roba univerzuma. PoW transformiše električnu energiju u digitalno zlato. Činjenica da je PoW „skup“ je odlika, a ne greška.

Istorijski gledano, obezbeđivanje nečega podrazumevalo je izgradnju fizičkog zida oko svega što je vredno. Knjiga Bitcoin-a je obezbeđena ukupnom sumom energije potrošene za izgradnju digitalnog zida. Bila bi potrebna ekvivalentna količina energije da bi se on srušio (nezaboravna skupoća) @NickSzabo4

„Potrošnja električne energije po transakciji“ je loš KPI, a evo i zašto:

– Potrošena energija je po bloku, a ne po transakciji

– Ekonomska gustina Bitcoin transakcije se povećava (Segwit, taproot, Lightning)

– Trebalo bi da bude definisano sigurnošću ekonomske istorije @LaurentMT . Stopa poboljšanja efikasnosti ASIC-a se usporava. Kako se efikasnost usporava, možemo očekivati porast konkurencije proizvođača kako se marže sužavaju. Sveukupni troškovi rudarenja preći će sa početnih troškova ASIC hardvera na tekuće troškove energije za ostvarivanje rada.

Cena rudarenja Bitcoin-a postaje najniža (višak) vrednost električne energije. Ovo može rešiti problem sa obnovljivim izvorima energije koji imaju predvidivi kapacitet i koji se ne iskorišćava u potpunosti, poput hidroelektrana i gorivog metana.

Aluminijum je bio popularno sredstvo za „izvoz“ električne energije iz zemlje koja obiluje neiskorišćenim obnovljivim izvorima energije (npr. Island). Kako je proizvodnja aluminijuma tokom decenija sazrevala, kWh po kilogramu proizvedenog aluminijuma postajao je efikasniji.

https://www1.eere.energy.gov/manufacturing/resources/aluminum/pdfs/al_theoretical.pdf

PoW je u krajnjem slučaju kupac celokupne električne energije, stvarajući temelj koji podstiče izgradnju novih postrojenja za proizvodnju energije oko različitih izvora energije koji bi inače ostali neiskorišćeni.

„Zamislite topografsku 3D mapu sveta sa žarištima jeftine energije koji su niži, a sa skupom energijom višlji. Zamišljam da je iskopavanje Bitcoin-a slično čaši vode koja se prelila, taložila se po uglovima i ćoškovima i glačala ih. “ – @nic__carter

„Energija koja se koristi za PoW prestaće da raste kada se granični povrat od sagorevanja kWh energije kroz PoW bude jednak graničnom povratu od prodaje tog kWh u mrežu … „ Nakamoto-va tačka“ koja će koristiti između 1-10% svetske energije.“ – @dhruvbansal

Neki se žale da rudarenje Bitcoin-a ne postiže „ništa korisno“, poput pronalaženja prostih brojeva. Bitcoin već radi nešto korisno za društvo. Nije racionalno tražiti od rudara da obavljaju funkciju koja je nesebična bez podsticaja.

Sve zahteva energiju. Tvrdnja da je jedna upotreba energije više ili manje rasipna od druge, potpuno je subjektivna, jer su sve upotrebe plaćene tržišnom stopom za korišćenje te električne energije.

Bitcoin-ova upotreba električnog kapaciteta troši manje količine električne energije od postojećih tradicionalnih sistema koji ne zahtevaju samo napajanje bankarske infrastrukture, već i vojnu i političku mašinu. Kompromis energije je „neto pozitivan“ ishod.

Preko Bitcoin-a, da li je nepoverljivo poravnanje od 1,34T USD između ugovornih strana godišnje, uz dodatni benefit jeftinije energije za sve, vredno 4,5B USD u trenutnim troškovima rudarenja? Mislim da je odgovor odlučno da.

1/ Bitcoin’s energy consumption is not “wasteful.”

- It is much more efficient than existing financial systems
- No one has the moral authority to tell you what is a good or bad use of energy (ex: watching the Kardashians)

Let's debunk this FUD👇

— Dan Held (@danheld) January 18, 2021

@ 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

@ a296b972:e5a7a2e8

***Achtung Spreng-Arbeiten!***

Der verbliebene intakte Strang der Nordstream Pipeline soll jetzt von Deutschland mit einem hochexplosiven 18. Sanktionspaket gesprengt werden, damit Putin nicht, wie schon in Kursk, Truppen durch das Rohr schickt, und so doch noch in Schwedt anlandend auf deutschem Boden eine russische Invasion stattfinden kann.

***Kriegserklärung***

Deutschland hat Deutschland den Krieg erklärt. Zunächst freiwillig, doch wenn es nicht von allein noch schlimmer wird, wird es eine Kriegspflicht geben müssen. Kriegstreibende Propaganda und der intensive Ausbau des Feindbilds sollen die Bevölkerung dahingehend umstimmen, weil Frieden doch auf die Dauer sehr langweilig ist.

***Verwechslung***

Bei der Einstellung der Außenbeauftragten der Europäischen Union ist es zu einer Verwechslung gekommen. Ursprünglich wollte man Maria Callas einstellen, doch dann stellte man fest, dass diese begnadete Stimme leider nicht mehr unter uns weilt.

***Bedingungslose Kapitulation***

Anlässlich der Bereicherung der UN durch die Präsidentschaft der ehemaligen deutschen Außen-Dings, haben die Vereinten Nationen direkt nach der unerklärlichen Wahl vorsorglich ihre Bedingungslose Kapitulation gegenüber allen Nationen bekannt gegeben. Alle von der Präsidentin getroffenen Aussagen haben vorläufigen Charakter und werden aufgrund der Fremdsprachlichkeit der Präsidentin auf ihren korrekten Inhalt hin nachträglich überprüft.

***Mehrfach gesichert ***

Ein gesichert staatsfinanziertes Rechercheportal hat durch investigative Recherche herausgefunden, dass der neue Papst gesichert katholisch ist. Es konnte nicht nur eine Nähe festgestellt werden, sondern es wurde sogar gesichert nachgewiesen, dass es sich um dieselbe katholische Kirche handelt, die schon seinerzeit in der Inquisition Hexen und Ketzer verbrannt hat.

***Gleichbehandlung***

Nachdem es in Spanien und Portugal und zuletzt auch in Südfrankreich zu einem Stromausfall gekommen ist, hat die deutsche Regierung beim Europäischen Gerichtshof Klage eingereicht. Im Zuge der Gleichbehandlung aller Nationen will Deutschland nun das Recht auf einen eigenen Black-Out für mindestens zwei Tage einklagen.

***Problem fehlender Wohnungen gelöst***

Aufgrund der Wohnungsknappheit hat die deutsche Regierung nun einen Fond aufgelegt, aus dem jede Familie 35.000 Euro Starthilfe erhält, wenn sie für mindestens 10 Jahre das Land verlässt. Es kam bereits zu ersten Ausreisen, bevor noch die Starthilfe ausgezahlt werden konnte.

***Bürokratieabbau***

Zum schnellen und effizienten Bürokratieabbau wird ein neues Ministerium für Komplikationen mit mindestens 5.000 Mitarbeitern eingerichtet, um den überbordenden Verordnungs- und Bürokratiesumpf auszutrocknen. Derzeit warten nur noch wenige 100 Beamte darauf, dass ihnen Arbeit zugewiesen wird.

***‘Aufruf an die deutsche Bevölkerung***

Die deutschen Haushalte werden gebeten, vorhandene Küchensiebe der Bundesregierung zur Verfügung zu stellen. Die vorhandenen Sieblöcher sollen zugelötet und die Siebe so als Alu- oder Edelstahlhelme für die Bundeswehr zur bevorstehenden gemeinsamen Invasion der USA und Russlands in Deutschland verwendet werden. Weiter sollen ausgediente Heizöltanks auf die Ladeflächen offener Pritschenwagen installiert werden, um die in Deutschland verbliebenen Panzer betanken zu können.

***Long-Pipeline oder Post-Gas?***

Deutschland will nicht, dass Nordstream wieder in Betrieb genommen wird, weil das russische Gas Verunreinigungen, unter anderem auch Nano-Partikel enthält, dass den deutschen Gasthermen Schaden zufügen könnte. Das erklärt auch, warum die deutsche Aufklärung zur Sprengung der Nordstream-Pipelines im Sande verlaufen ist: Zu explosiv!

***Mielke: Ich liebe doch alle Menschen…***

Gerüchten zufolge soll der berühmt gewordene Satz von Erich Mielke in seiner ersten und einzigen Rede vor der DDR-Volkskammer am 13.11.1989 den amtierenden deutschen Außenminister sehr inspiriert haben: Ich hasse…ich hasse doch alle, alle Russen… ich hasse doch, ich setze mich dafür ein… dass Russland immer unser Feind sein wird!

***Durchbruch in der Quantenphysik***

Deutschen Quantenphysikern ist es gelungen, dass Taurus zur gleichen Zeit sowohl noch in Deutschland, als auch schon in der Ukraine sein kann. Lediglich die Eingabe der Zielkoordinaten bereitet den Programmierern noch Schwierigkeiten. Je nachdem, wo sich der Taurus gerade befindet, kann das Hauptstadt-Ziel sowohl Berlin, als auch Moskau sein.

***Selbstjustiz***

Die verantwortlichen Politiker während des Corona-Ereignisses haben ein Gerichtsverfahren ins Leben gerufen, in dem sie sich gegenseitig beschuldigt und verurteilt haben. Anschließend begab man sich unter Polizeischutz in ein bekanntes Promi-Lokal in Berlin und fuhr danach weiter zur Selbsteinweisung nach Bauzen.

***Kaiser’s Sektsteuer***

Um die seinerzeit eingeführte Sektsteuer zum Aufbau der deutschen Kriegsmarine wieder ihrem ursprünglichen Zweck zuzuführen, hat die Meyer-Werft sich bereit erklärt, Fregatten zu bauen, mit der die Deutsche Marine dann Panzerkreuzerfahrten in der Ostsee vor Königsberg veranstalten will. Schon wenige Tage nach Bekanntgabe waren die ersten Vergnügungsdampferfahrten mit „Meine Fregatte“ komplett ausgebucht.

Dieser Beitrag wurde mit dem Pareto-Client geschrieben.

* *

(Bild von pixabay)

@ e0e92e54:d630dfaa

As some of you know, I lead a quarterly Bible Study through Faith Driven Investor

One of the members from the cohort that just ended forwarded me an email from the US Christian Chamber of Commerce

The summary is: Christians should intentionally be doing more business with Christians.

[Full email at the bottom of this Article]

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I recanted to my FDI member about a book I read a few years ago, Thou Shall Prosper, by Rabbi Daniel Lapin.

In it he gave the statistics that a single dollar recirculates in the Jewish community 12 times, Muslims 8 times, and Christians only 3 or 4 times.

(I'm probably slightly off on recalling the stats)

But the point being that as a people group, Jews are 4x more wealthy than Christians because Christians value doing business with one another 4 times less than Jews...or said another way, the Jewish people value doing business with one another 4x more than Christians.

Reading the email I was sent, I was further reminded as business owners, leaders, and investors;

If we are truly going to steward that which God has entrusted to us, we should want to re-circulate those resources as many times as possible within the Christian community in order to have the greatest probability of return on image bearers.

What are your thoughts?

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I Bought a House Through the Christian Chamber - What happened next surprised me

My husband and I just bought a house—but it wasn’t just a transaction. It was a transformation.

With our daughter’s high school graduation behind us, we felt ready to step into a long-held dream: moving to a beach town we’ve thought, talked, and prayed about for years. As part of turning our dream into a reality, we made a very intentional decision:

We would buy our home entirely through the Christian Chamber community.

We wanted to walk the talk—to model what Kingdom commerce really looks like. So we sought Christian-led businesses for every part of the process. What started as a symbolic gesture quickly became a profound experience with two life-changing revelations:

1) The Power of Prayer in Business

Yes, we prayed as a couple—but imagine your Realtor, lender, inspector, and insurance agent all praying with you, too.

We’re not talking about just being “nice people” or listening to worship in the office. We’re talking about Spirit-filled, Jesus-following believers who brought prayer into every decision.

· Our Realtor is also a church planter—her discernment helped us find the perfect house on day one.

· Our lender joined us in prayer—and worked miracles to make the deal smooth and abundantly possible.

· Our inspector's biggest red flag? A bird’s nest in a porch light. (Yes, really.)

· Our insurance agent handled everything—and in Florida, that’s no small feat.

I have bought and sold seven homes in my life, but this was the best experience by far. The layout, the location, the timing, the favor—it was all wrapped in prayer and covered in grace. It wasn’t just business. It was supernatural.

2) Kingdom ROI — A Multiplied Impact

By doing business with Christians, we didn’t just find great service. We created a multiplied Kingdom return.

We know where our vendors give. We know the churches they support, the ministries they fund, and the people they serve.

When they earned from our purchase, those dollars didn’t disappear—they were reinvested into Kingdom causes we could never reach on our own.

This is Kingdom ROI.

It’s a real-life example of the parable of the talents—we didn’t bury our resources. We multiplied them. When you spend money with aligned believers, your impact compounds.

The opposite is also true:

When we spend with businesses that oppose our values, we’re funding platforms that erode the very things we’re trying to protect—our families, our freedoms, and our faith.

We MUST STOP funding the enemy.

The Bigger Picture

Let’s be clear: Studies show that Christians make up 31% of the world’s population, but we control 55% of the world’s wealth—more than $107 trillion in personal assets.

And yet…we’re leaking that wealth into systems that are actively working against us.

Why? Because we do not have the infrastructure to keep it aligned.

Until now.

That’s what we’re building through the U.S. Christian Chamber of Commerce: A national infrastructure that empowers Christians to redirect their dollars, align their values, and multiply their impact.

What If You Did the Same?

· Buy your next product or service from a Christian-led business.

· Hire your next contractor from your local Christian Chamber.

· Invest in a company with eternal impact.

· Launch a Christian Chamber in your region—we’ll help you.

· Join the U.S. Christian Chamber. This is your Chamber, for your nation.

· Meet us in Orlando for SWC 2026, the global gathering of Christian commerce.

Imagine the multiplying power if thousands of us made similar decisions—every day—across this nation.

We own the wealth. Now let’s build the infrastructure, create the ecosystem, and shift the world's wealth one transaction at a time.



This is our nation and we are One Nation Under God!

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Jason Ansley is the founder of Above The Line Leader, where he provides tailored leadership support and operational expertise to help business owners, entrepreneurs, and leaders thrive— without sacrificing your faith, family, or future.

• Want to strengthen your leadership and enhance operational excellence? Connect with Jason at https://abovethelineleader.com/#your-leadership-journey

• 📌 This article first appeared on NOSTR. You can also find more Business Leadership Articles and content at: 👉 https://abovethelineleader.com/business-leadership-articles

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com

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Pregled sadržaja

1. Bitcoin Je Nosilac Imovine
2. Komprimis: Bezbednost vs Konfor
3. Pregled Novčanika: Istraživanje Hardverskih, Mobilnih, Desktop i Multisig Bitcoin Novčanika
4. Vruće vs Hladno – (hot vs Cold) Bitcoin Novčanici: U čemu je razlika?
5. Bitcoin Novčanik – Backup Fraza
6. Bitcoin Multisignature: Kako radi
7. Zašto Moj Bitcoin Novčanik Stalno Menja Moju Adresu?
8. Moja Preporuka: Neka Procenat Neto Vrednosti Vodi Vaš Izbor Bitcoin Novčanika
9. Da Zaokružimo Priču

U redu, dakle stekli ste neku količinu Bitcoin-a, i koji je sada najbolji način za njegovo čuvanje? Ovde ću vas provesti kroz proces pronalaženja pravog Bitcoin novčanika za vas.

Iako se čini kao jednostavno pitanje, ima iznenađujuće puno nijansi koje treba razmotriti. Koliko Bitcoin-a imate? Koliko često planirate da ga trošite? Da li ste sigurni da su vaši ključevi sigurniji kod vas nego kod offline čuvara? Odgovori na ova pitanja pomoći će vam da pronadjete pravo rešenje za vas.

Bitcoin je nosilac imovine, što znači da i sami možete držati ključeve svog Bitcoin-a. Kada držite svoje Bitcoin ključeve, vi imate direktnu kontrolu nad svojim novcem. Nije povereno nijednoj trećoj strani, poput banke. Trebate držati svoje ključeve onda kada utvrdite da je rizik da ih lično držite manji od rizika da ih čuvar izgubi. Donošenje te odluke oslanja se uglavnom na vaše razumevanje kako i zašto držati svoje Bitcoin ključeve. U ovom članku ću vam pomoći da razumete obe strane.

U ovom članku ćemo istražiti:

• „Nisu vaši ključevi, nije vaš Bitcoin“
• Bezbednost vs Konfor
• Vrste Bitcoin novčanika
• Postavke Multisig-a
• Moja preporuka za izbor najboljeg novčanika za VAS

Zato počnimo polako.

Bitcoin Je Nosilac Imovine

U kriptografiji, javni ključ(public key) se koristi za šifrovanje poruka, a privatni ključ(private key) za njihovo dešifrovanje. Ako bi neko želeo da vam pošalje šifrovanu poruku, šifrirao bi je vašim javnim ključem. Vaš privatni ključ je jedini način za dešifrovanje te poruke, pa sve dok ste jedina osoba koja drži taj privatni ključ, vi ste i jedina osoba koja može pročitati poruku.

Bitcoin koristi kriptografiju javnog/privatnog ključa da bi osigurao transakcije. Privatni ključ se kreira kada napravite Bitcoin novčanik. Novčanik stvara javne ključeve koji se heširaju i koriste kao adrese za prijem Bitcoin-a. Privatni ključ je potreban da bi se dokazalo vlasništvo nad uskladištenim Bitcoin-om na toj adresi kako bi se mogao potrošiti.

Ako lično ne kontrolišete privatne ključeve povezane sa vašim Bitcoin-om, onda zapravo ne posedujete svoj Bitcoin. Drugim rečima, ako menjačnica ili banka drži vaše Bitcoin-e u vaše ime, vi onda nemate direktnu kontrolu nad svojim Bitcoin-ima. Vi prenosite sigurnost svog Bitcoin-a drugoj stranci.

Da biste u potpunosti iskoristili jedinstvene osobine Bitcoin-a kao novca, vi trebate da držite svoje privatne ključeve. Kao što Bitcoineri često kažu „nisu vaši ključevi, nije vaš Bitcoin“. Ovo vam pruža mogućnost držanja vašeg Bitcoin-a pod vašim nadzorom, tako da ga države, banke ili hakeri koji ga ciljaju ne mogu zapleniti ili oduzeti. Ali odabir držanja sopstvenih ključeva dolazi sa odredjenom odgovornošću za bezbednost vašeg Bitcoin-a.

Moj cilj je da vam pomognem da postanete konforni sa mogućnošću držanja svojih ključeva. Do tada, Bitcoin če biti sigurniji na novčaniku vaše menjačnice.

Sada ćemo pogledati koje opcije imate za preuzimanje kontrole nad sopstvenim Bitcoin ključevima.

Bezbednost vs Komfor

Komprimis: Bezbednost vs Komfor

Glavni kompromis koji treba uzeti u obzir prilikom skladištenja vašeg Bitcoin-a je između bezbednosti i konfora. Očigledno je da su i bezbednost i konfor poželjne osobine prilikom čuvanja vašeg Bitcoin-a, ali se međusobno direktno suprotstavljaju.

Gde se vi nalazite u spektru bezbednosti nasuprot konfora?

Postavite sebi ova pitanja da biste stekli bolji utisak o tome koji način čuvanja za vas ima najviše smisla:

• Ukupna vrednost – da li skladištite na nivou od 0,1%, 1% ili 10 +% vaše neto vrednosti u Bitcoin-u? Odgovor bi trebao da vam da vrlo različite metode čuvanja vašeg Bitcoin-a. Očigledno biste bili spremni da pretrpite više neprijatnosti ako to znači zaštitu 50% vaše neto vrednosti.
• Vremenski okvir/dostupnost – Kada i koliko često imate potrebu da trošite svoje Bitcoin-e? Da li je to više kao tekući račun, srednjoročni štedni račun ili je vaš Bitcoin sličniji dugoročnom penzionom računu?

“Pazite da podešavanje vaše zaštite ne bude tako složeno da čak i vi zaboravite kako dostupiti vašom Bitcoin-u“

Od Bitcoinera se mogu čuti upozoravajuće priče o ljudima koji gube svoje Bitcoin-e zbog prekomplikovanih podešavanja čuvanja, što rezultira time da vlasnik zaboravi kako da pristupi svojim novčićima.

Pregled Novčanika: Istraživanje Hardverskih, Mobilnih, Desktop i Multisig Bitcoin Novčanika

Sada kada ste odlučili da nabavite nekoliko Bitcoin-a (pametan potez) vreme je da odlučite gde ćete čuvati vaš Bitcoin. Kada započinjete, ovo vam može dati nadmoćan osećaj. U ovom odeljku ću vam dati kratki pregled opcija kojima raspolažete. Kao i u većini stvari u životu, i ovde se radi o kompromisima.

Hardverski Bitcoin Novčanici

Korisnici čuvaju privatne ključeve na namenskom hardverskom delu.

Prednosti: Privatni ključevi nikada ne dolaze u dodir sa internetom, što smanjuje rizik od njihovih gubitaka. Pogodno za dugotrajno skladištenje. Ako izgubite hardverski novčanik, možete da upotrebite backup seed fraze (eng. seed phrase backup) da biste vratili novčanik.

Mane: Korisnici moraju da obezbede backup seed fraze, što zahteva promišljenu strategiju kako da je zaštite. Preporučuje se da zapišete svoju seed frazu na metal i sačuvate rezervne kopije na više sigurnih lokacija. Ako vam ukradu hardverski novčanik, dolazite u rizik hakovanja vaših sredstava. Napomena: zaštita backup seed fraze je standardna praksa za novčanike gde korisnik kontroliše svoje privatne ključeve.

Primeri: Ledger, Trezor, Coldcard i BitBox

Mobilni Bitcoin Novčanici

Korisnici čuvaju privatne ključeve na mobilnom uređaju.

Prednosti: Jednostavan za upotrebu, dobar za početnike, pogodan za male iznose.

Mane: Najmanje sigurna opcija jer se privatni ključevi nalaze na uređaju povezanom na Internet. Ako napadač stekne fizički pristup vašem telefonu, može proslediti sredstva u njegov novčanik. Nije dobro za dugotrajno skladištenje.

Primeri: Block­stream Green, Samourai (samo za Android), Muun, Blue Wallet, Electrum

Desktop Bitcoin Novčanici

Korisnici čuvaju privatne ključeve na svom desktop/laptop računaru

Prednosti: Dobro korisničko iskustvo.

Mane: Nije baš bezbedno, jer su računari povezani na internet i podložni virusima i napadima. Nije dobro za dugotrajno čuvanje.

Primeri: Bitcoin Core i Electrum (napredni), Wasabi (srednji), Block­stream Green (početni). Wasabi je verovatno najbolji novčanik za privatnost, a Block­stream Green je najbolji početnički desktop novčanik.

Multisignature Bitcoin Novčanici

Korisnik čuva privatne ključeve u posebnom novčaniku za koji je potrebno da potpiše više privatnih ključeva pre nego što može da premešta svoja sredstva. Na primer, u „2 od 3“ multisig (eng. multisignature – više potpisa) novčaniku, korisniku su potrebna bilo koja dva od tri privatna ključa za slanje sredstava.

Prednosti: Jedan od najsigurnijih načina za čuvanje vašeg Bitcoin-a, smanjuje efikasnost fizičkih napada, pogodan za dugoročno skladištenje.

Mane: Teško ga je samostalno podesiti, ali postoji nekoliko servisa koji olakšavaju ovaj proces. Nije pogodno za potrošnju, a to može predstavljati i poentu.

Primeri: Unchained Capital’s Vault (2 od 3), Casa’s Keymaster (2 od 3 i 3 od 5), Block­steam Green (2 od 2), Electrum.

Vruće vs Hladno – (hot vs Cold) Bitcoin Novčanici: U čemu je razlika?

Vrući novčanici su povezani na Internet. To znači da je ključevima lakše pristupiti nego kada su na hardverskom novčaniku, a to takođe znači i da su vaša sredstva ranjiva na napade hakera. Vruće novčanike preporučujem samo za male količine.

Hladni novčanici NISU povezani sa Internetom. To znači da je vašim sredstvima teže pristupiti. Hladni novčanici su manje pogodni za korisnike, ali hakeri mnogo teže mogu da pristupe vašim sredstvima. Hladne novčanike treba smatrati jedinom opcijom za dugoročno čuvanje.

Bitcoin Novčanik – Backup Fraza

Većina novčanika zahteva od korisnika da zapišu „backup seed frazu“. Ovo je mera predostrožnosti u slučaju da izgubite pristup svojim privatnim ključevima/novčaniku. To takođe znači da korisnici moraju biti vrlo oprezni sa svojim rezervnim kopijama jer one sadrže sve potrebne informacije za pristup vašim sredstvima. Tretirajte i čuvajte svoje rezervne kopije na način kao što bi tretirali i čuvali gomilu zlata.

• Ne pravite slike ili snimke ekrana svoje backup fraze
• Ne izgovarajte naglas svoju backup frazu – ikad!
• Ne čuvajte svoju semensku frazu Password Manager Aplikaciji
• Ne koristite Internet uslugu oporavka backup fraze
• Koristite pristupnu frazu (passphrase) da biste dodali još sigurnosti
• Koristite više metoda za pravljenje rezervnih kopija
• Ograničite pristup svojoj backup frazi što je više moguće
• Nikada ne razgovarajte sa ljudima gde, kako i koliko Bitcoin-a čuvate

Tako izgleda „backup seed fraza“

Bitcoin Novčanici Bez Seed-ova

Drugi način za čuvanje Bitcoin-a su novčanici bez seed-ova. Oni su dizajnirani za multisig akaunte, gde korisnici ne kreiraju backup seed-ove, već se oslanjaju na uslugu rezervne kopije. Casa prednjači u novčanicima bez seed-ova sa svojim Keymaster multisignaturnim proizvodom.

Bitcoin Multisignature: Kako radi

Umesto da zahtevaju jedan potpis privatnog ključa za premeštanje sredstava, multisig novčanici zahtevaju više potpisa za premeštanje sredstava. Postoji mnogo načina za pravljenje multisig novčanika, ali iskoristimo postavku 2 od 3 za naš primer.

Kao korisnik, to znači da imate ukupno 3 privatna ključa koji odgovaraju jednom Bitcoin novčaniku. Da biste prebacili sredstva, potrebna su vam najmanje 2 privatna ključa za potpisivanje transakcije. Većina korisnika će fizički odvojiti lokacije svakog ključa kako bi što više smanjili rizik. Samo nemojte biti previše kreativni, da ne prevarite i sebe i na taj način izgubite svoja sredstva (to se dogodilo mnogo puta).

Kao što je gore pomenuto, evo nekoliko primera Multisig­na­ture novčanika

• Block­steam Green Wallet (2 od 2)
• Casa’s Keymaster (2 od 3 i 3 od 5)
• Unchained Capital’s Vault (2 od 3)
• Electrum

Prednosti Multisig-a

Multisig nudi prostor za greške. Ako imate samo jedan privatni ključ i izgubite ga, vaša sredstva će se zauvek izgubiti. Međutim, ako imate podešavanje 2 od 3, možete sebi priuštiti da izgubite jedan privatni ključ i dalje pristupite svojim sredstvima.

Multisig takođe smanjuje šanse za moguće fizičke napade. Recimo da ste fizički ugroženi i primorani da se odreknete svog dragocenog Bitcoin-a. Ako ste imali normalan novčanik (a ne multisig), onda biste lako mogli da prebacite svoj Bitcoin tom kom vas napada. Međutim, ako ste postavili multisig podešavanja, jedan od vaših ključeva je u kući, a drugi ključ na nekom drugom mestu (npr. vaša kancelarija ili sef u banci). Ovakvo razdvajanje ključeva u velikoj meri smanjuje želju tog napadača da uopšte pokuša da preotme vaš Bitcoin.

Zašto Moj Bitcoin Novčanik Stalno Menja Moju Adresu?

Svaki skup privatnih ključeva može generisati bilione javnih ključeva. Ovi javni ključevi se zatim transformišu (kroz matematički proces zvan heširanje) da bi se proizvele javne adrese.

Svaka pojedinačna adresa može da primi Bitcoin. Dakle, svaki skup privatnih ključeva koji posedujete sposoban je da proizvede svoj jedinstveni, masivni skup javnih adresa koje posedujete vi, i samo vi. Svako može da pošalje Bitcoin na te javne adrese, ali samo onaj koji poseduje te privatne ključeve može trošiti Bitcoin sa tih adresa.

Mnogi ljudi vole da uporedjuju privatne ključeve, javne adrese i Bitcoin novčanike sa e-mail adresama. Privatni ključevi su vaša lozinka, javna adresa je vaša e-mail adresa, a novčanik je e-mail domen koji koristite (npr. Gmail, Protonmail, Yahoo itd.). Iako je korisna, ova analogija pomalo obmanjuje, jer sa Bitcoin-om svaka lozinka (privatni ključ) koju posedujete omogućava pristup bilionima potencijalnih e-mail adresa (javnih adresa) za slanje i primanje Bitcoin-a.

Nema razloga za brigu ako vaš novčanik stalno generiše nove Bitcoin adrese. To je zapravo jedna od njegovih karakteristika! Novčanici koji generišu i koriste nove javne adrese pomažu u zaštiti vaše privatnosti od ljudi koji „njuškaju“ na javnom Bitcoin blockchain-u. Samo zapamtite da sve dok vi držite privatne ključeve novčanika, samo vi posedujete sadašnji i budući Bitcoin, poslat na bilo koju javnu adresu koju je generisao vaš novčanik. Samo se pobrinite da privatni ključevi Bitcoin-a budu sigurni, bezbedni i privatni.

Moja Preporuka: Neka Procenat Neto Vrednosti Vodi Vaš Izbor Bitcoin Novčanika

Najjednostavniji način pristupanja izbora koji novčanik će te odabrati za vaš Bitcoin je fokusiranje na pitanje „koliko novca je u igri?“. Drugim rečima, koji procenat vaše neto vrednosti je zaštićen? Evo naše analize, ali naravno, situacija svake osobe je jedinstvena. Koristite ovo kao smernicu, a ne kao apsolutnu istinu.

Male količine (oko 0,1% neto vrednosti) – Koristite mobilni Bitcoin novčanik

• Block­stream Green – ima multisig 2 od 2. To je verovatno najbolji Bitcoin novčanik za iPhone.
• Casa Keymaster (režim sa jednim ključem) – rezervna kopija bez seed-a.

Srednji iznosi (oko 1% neto vrednosti) – Koristite hardverski Bitcoin novčanik

• Ledger
• Trezor
• Coldcard

Velike količine (više od 10% + neto vrednost) – Koristite Multisig Bitcoin novčanik

• Casa Keymaster Multisig —  interfejs koji je jednostavan za korišćenje, možete birati postavke 2 od 3 i 3 od 5. Oni imaju alat za samooporavak, međutim ovo nisam lično koristio, i želeo bih da obavim više istraživanja pre nego što dam pravu preporuku.
• Unchained Capital’s Multisig —  interfejs koji je jednostavan za korišćenje, postavka 2 od 3, može pristupiti finansijskim uslugama zasnovanim na vašem BTC u depozitu.
• Self Hosted Multisig —  korisnici takođe mogu da kreiraju sopstvene multisig postavke. Ovo zahteva mnogo veće tehničko znanje u poređenju sa Unchained i Casa, međutim, ne žrtvujete nikakvu privatnost.

Protip: Rapodelite sredstva koja želite da skladištite dugoročno. Ako imate značajan deo svoje neto vrednosti u Bitcoin-u, u vašem je najboljem interesu da raspodelite svoj ulog. Ovo umanjuje vaš rizik, što smanjuje šanse da budete izbrisani. Na primer, trećinu svog Bitcoin-a čuvajte sa Casa multisig-om, drugu trećinu sa Unchained Capital Vault-om, a preostalu trećinu na hardverskom novčaniku (Cold Card, Ledger ili Trezor).

Da Zaokružimo Priču

Ovo je moj rezime vaših mogućnosti izbora Bitcoin-ovih novčanika i kako odabrati pravi od njih uzimajući u obzir privatne ključeve, načine i stepen zaštite i sigurnosti koji oni pružaju. Ako ste i dalje zastrašeni, bez brige. Preporučujemo da preuzmete kontrolu nad vašim Bitcoin ključevima samo kada budete sigurni u uslugu koja vam se pruža. Ali vas podstičemo da i dalje razmatrate jedinstvenu priliku koju vam pruža Bitcoin: mogućnost da imate apsolutnu kontrolu nad svojim bogatstvom.

Samostalno čuvanje je vremenom sve lakše i lakše. Razmotrite svoju situaciju i odaberite način čuvanja koji najbolje odgovara vama. Ovde sam da vam pomognem, i slobodno mi se obratite sa svim pitanjima koja vas zanimaju.

@ 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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@ 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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@ 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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@ cae03c48:2a7d6671

Bitcoin Magazine

Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin 

Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial product represents one of the first moves by a major Russian institution to offer Bitcoin-linked investments under recently updated national regulations.

BREAKING: Russia's largest bank Sberbank launches structured bonds linked to Bitcoin. pic.twitter.com/LtD26jPS0x

— Bitcoin Magazine (@BitcoinMagazine) June 2, 2025

The structured bond is initially available over the counter to a limited group of qualified investors. According to the announcement, it allows investors to earn based on two factors: the price performance of BTC in U.S. dollars and any strengthening of the dollar compared to the Russian ruble.

Unlike typical Bitcoin investments, this product does not require the use of a Bitcoin wallet or foreign platforms. “All transactions [are] processed in rubles within Russia’s legal and infrastructure systems,” Sberbank stated, highlighting compliance with domestic financial protocols.

In addition to the bond, Sberbank has announced plans to launch similar structured investment products with Bitcoin exposure on the Moscow Exchange. The bank also revealed it will introduce a Bitcoin futures product via its SberInvestments platform on June 4, aligning with the product’s debut on the Moscow Exchange.

These developments follow a recent policy change by the Bank of Russia, which now permits financial institutions to offer Bitcoin-linked instruments to qualified investors. This shift opens the door for Bitcoin within the country’s traditional financial markets.

While Russia has previously taken a cautious approach to digital assets, Sberbank’s launch of a Bitcoin-linked bond and upcoming futures product marks a new phase of adoption—one that blends Bitcoin exposure with existing financial infrastructure.

The bank’s structured bond may signal a growing interest in regulated access to Bitcoin, especially within large financial institutions.

This post Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin  first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ b1ddb4d7:471244e7

Sati, a Bitcoin payments app and Lightning infrastructure provider, announced the launch of its Lightning integration with Xverse wallet.

Launched in 2025 with investors of the likes as Draper Associates and Ricardo Salinas, Sati powers Bitcoin payments on applications such as WhatsApp to fuel the next wave of adoption.

The Whatsapp bot allows users to send bitcoin via the messaging app through a special bot. After verifying their identity, the user selects the “send” option, chooses to pay to a Lightning address, enters the amount (1,000 sats), confirms with a PIN, and the transaction is completed, with the funds appearing instantly in the recipient wallet.

The new integration will now bring Lightning functionality to over 1.5 million people worldwide. Users can send and receive sats (Bitcoin’s smallest denomination) instantly over the Lightning Network all within the Xverse app,

Further, every xverse wallet user gets a Lightning Address instantly. That means they can receive tips, pay invoices, and use Bitcoin for microtransactions—all without having to manage channels or switch between different apps.

While Xverse adds support for Lightning, users should be cautious in using the wallet as it’s mostly known for enabling access to rug pull projects.

Initially designed in 2017, the Lightning Network has grown to become Bitcoin’s leading layer-2, with a current BTC capacity of over $465M.

“Bitcoin was not meant to be an asset for Wall Street—it was built for peer-to-peer money, borderless and accessible,” said Felipe Servin, Founder and CEO of Sati. “Integrating Lightning natively into Xverse brings that vision back to life, making Bitcoin usable at scale for billions.”

Sati expects USDT on Lightning to be supported as early as July 2025 for users accessing Sati through WhatsApp.

This integration positions Sati’s role as a Lightning infrastructure provider, not just a consumer app. By leveraging its API-based solution, the company provides plug-and-play backend services to wallets and platforms looking to add Bitcoin payments without compromising on security or UX.

Sati recently closed a $600K pre-seed round. The funding is used to support global expansion, stablecoin integration, Lightning infrastructure growth, and broader access to Bitcoin in emerging markets.

The Sati team is attending Bitcoin2025 in Las Vegas this week and looking forward to connect with bitcoin enthusiasts.

@ 5d4b6c8d:8a1c1ee3

Howdy stackers, this is the place to share your ~HealthAndFitness triumphs and challenges.

I was glad to hit my step goal today, since it's gloomy and rainy here. Once again, I ate too many cookies. Gotta stop being a cookie monster.

How'd you all do, today?

https://stacker.news/items/996659

@ 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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@ 7f6db517:a4931eda

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

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

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

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

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

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@ 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!

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Šta je blockchain?
2. Kako mogu da saznam više o Bitcoin-u?

Ukoliko niste pročitali naš uvodni tekst o Bitcoin-u, i zašto vam je važno da to učinite, onda prvo pročitajte: Šta je Bitcoin i kako on može da nam pomogne?

Bitcoin, sa velikim B na početku, odnosi se na mrežu računara koji održavaju knjigu stanja na akauntima bitcoin digitalne valute, slično kao što banke održavaju knjigu stanja na računima dolara, eura ili neke druge valute. Bitcoin softver, odnosno protokol, takođe omogućava korisnicima da putem interneta pošalju bitcoin-e sa svog akaunta na drugi akaunt, slično PayPal-u ili Venmo-u, ali bez kompanije koja pruža uslugu prenosa. Bitcoin softver je otvorenog koda, tako da svako može da ga pokrene na svom računaru i da se pridružiti mreži.

Najbolji način da se razume kako Bitcoin funkcioniše “iznutra” je da ga zamislimo kao finansijski sistem. Naš trenutni finansijski sistem, koji uglavnom koristi dolare, eure, dinare i druge valute kao „novac“, izgleda otprilike ovako:

Centralne banke i vlade proizvode i distribuiraju novac pozajmljujući ga ljudima, i trošeći ga na oružje, puteve i socijalne programe. Ovaj sistem se naziva sistemom zasnovanom na dugovima, jer svaki put kada banka da zajam, stvara se nova valuta koja ranije nije postojala. Ova valuta ima vrednost jer dug koji ju je stvorio ima vrednost: primalac zajma obećava da će otplatiti svoj dug banci, plus kamate.

Kad god banka odobri kredit, ona stvara novu valutu. Ovo takodje važi i kada podignete hipoteku ili kredit za auto. Takođe se primenjuje i kada Američke Federalne Rezerve kupuju državne obveznice od vlade Sjedinjenih Država. U svakom od ovih slučajeva, banka šalje novonastalu valutu primaocu zajma. Primaoc zajma obećava banci da će u budućnosti vratiti tu valutu, plus kamate. Međutim, ulaz nove valute u sistem znači i da opada vrednost postojeće valute koja je u opticaju. To se dešava kroz proces koji se obično naziva inflacija.

Da bi imali koristi od pogodnih usluga koje nude banke, poput kreditnih kartica i digitalnih transfera novca, normalni ljudi i preduzeća obično novac drže na bankovnim računima. Svaka banka poseduje svoju knjigu sa računima svih svojih klijenata.

Banke su neophodne da bi omogućile digitalna plaćanja koja vršimo svakodnevno, jer su nam potrebne pouzdane strane koje bi proverile da li se sav računovodstveni sistem sabira. U suprotnom, bilo bi lako da neko uradi “copy-paste“ jednog dela digitalnog novca i da ga potroši dva puta, ili da doda par nula na stanje svog računa.

Sada razumemo nekoliko ključnih tačaka o trenutnom sistemu zasnovanom na dugu: banke proizvode novu valutu svaki put kad pozajmljuju novac, a većina ljudi svoj novac čuva u bankama koje im nude pogodnosti.

Bitcoin je malo drugačiji. Hajde da započnemo ovo putovanje sa pitanjem.

Šta ako bi svi posedovali knjigu stanja na računima, baš kao i banka?

Umesto da banke poseduju po jednu knjigu depozita svojih klijenata, šta ako svi poseduju istu knjigu, sa detaljnim opisima svih stanja na računima svih učesnika u ekonomiji? O privatnosti ne morate da brinete ni na trenutak – to ćemo objasniti kasnije.

Hajde da vidimo kako bi transakcija mogla da se izvrši koristeći ovakav bankarski sistem. Recimo da Ana želi da plati Davidu 10 digitalnih „novčića“. Ona tu transakciju zapisuje u e-mail, potpisuje je digitalno kako bi svi bili sigurni da e-mail dolazi od stvarne Ane, i šalje ga svima ostalima. Kada ostali prime taj e-mail, oni ažuriraju svoje knjige, tako što skinu 10 novčića sa Aninog računa i dodaju 10 novčića na Davidov račun.

Zašto bi se neko trudio da evidentira transakciju u svojoj knjizi?

Recimo da će prva osoba koja izvrši sledeće korake dobiti 5 novčića:

1. Proverom da li je prava Ana potpisala transakciju
2. Proverom da li Ana ima dovoljno sredstava na svom računu da plati Davidu 10 novčića
3. Zapisivanje transakcije ukoliko ispunjava uslove 1) i 2)

Primetićete da se ovo mnogo razlikuje od trenutnog monetarnog sistema. U novom sistemu morate da imate novčiće da biste mogli da ih date nekom drugom. Ne postoje banke sa posebnim privilegijama koje mogu da stvore valutu davanjem zajma.

Umesto da dozvoljava samo maloj grupi bankara da prave nove valute, novi sistem omogućava svima da kreiraju novu valutu ako pružaju korisnu uslugu mreži: verifikovanje i evidentiranje transakcija između ljudi. Nazvaćemo ovo nagradom za potvrđivanje.

Kako se svi slože oko pravila sistema? Ona su kodirana u softverskom protokolu otvorenog koda. To znači da svako može besplatno da preuzme pravila sistema sa interneta i da počne da ih koristi za zaradu valute u sistemu. Ako svi koriste isti skup pravila, njihove knjige će se sinhronizovati, jer će prihvatiti i odbiti potpuno iste transakcije.

• Otvoreni kod = svako može da preuzme kod i da ga pročita
• Softverski protokol = skup pravila napisanih u kodu

Kako zaustaviti ljude koji pokušavaju da prevare sistem da bi zaradili “nagradu za potvrdu”?

Recimo da Boris i Marko žele da se obogate – oni bi mogli jedan drugom da plaćaju po jedan novčić u krug, vodeći računa da neko od njih prvi zabeleži transakciju kako bi mogli da zahtevaju nagradu za potvrdu. Pomoću ove šeme oni bi u osnovi mogli da stvore (odštampaju) novu valutu, kad god oni to požele!

Softverski protokol to zaustavlja zahtevajući da osoba koja validira transakciju uradi neki „posao“ sa računarom kako bi je zabeležila. Ovo osigurava da računari moraju da troše energiju za zabeležavanje transakcija, pa bi u tom slučaju varanje sistema bilo veoma skupo. Borisova i Markova šema varanja sistema više nema finansijskog smisla. Da bismo demonstrirali ovaj proces, pogledajmo Filipa i njegov C-Bot računar. Filip je na svoj računar instalirao Bitcoin protokol, koji predstavlja Bitcoin-ov softverski protokol otvorenog koda koji sadrži pravila Bitcoin sistema.

Kako C-Bot Verifikuje Transakcije

Korak 1: Slušanje transakcija

Prvo, C-Bot sluša transakcije (skraćeno “txn”) koje Ana, Boris, Marko i David emituju putem interneta.

Korak 2: Stvara “Heš”

Drugo, C-Bot će prikupiti sledeće delove podataka:

• Sve Bitcoin transakcije koje ljudi šalju
• Tajni broj (objasnićemo kasnije)
• Nonce – neki slučajan broj

C-Bot sve ovo stavlja u heš mašinu. Mašina za heširanje uzima sve ove podatke i proizvodi 256 bitova (bitovi su 1 i 0) koji se jedinstveno uklapaju u te podatke, nazvane ‘heš’. To heširanje je poput otiska prsta podataka. Uvek ćete dobiti isti heš sa istim ulaznim podacima. Mašina za heširanje je takođe jednosmerna: lako je stvoriti heš od nekih podataka, ali ne možete da stavite heš u mašinu i da vratite ulazne podatke.

C-Bot će iznova isprobavati svoju heš mašinu sa drugim nonce-om (slučajnim brojem). Svaki put, on će proveriti da li je mašina proizvela heš za koji Bitcoin softverski protokol kaže da je tačan.

Ovaj proces pronalaženja heša troši puno vremena i energije. Mašina za heširanje je jednosmerna, tako da C-Bot ne može tek tako da stavi ‘tačan’ heš u mašinu i otkrije ulazne podatke. Svaki računar na Bitcoin mreži takođe prolazi kroz ovaj proces pokušavajući da pronađe ‘ispravan’ heš.

Ukoliko bi ovi računari uspeli da pronađu ‘ispravan’ heš bez velikog trošenja energije, mogli bi da prevare sistem. Dva računara bi mogla da prosleđuju transakcije u krug, zarađujući bitcoin-e svaki put kada bi potvrdili transakciju.

Korak 3: Pronalaženje Ispravnog Heša

C-Bot konačno pronalazi heš koji zadovoljava pravila Bitcoin protokola koristeći sve nedavne transakcije. Sada ovaj blok podataka šalje na druge računare. Blok se sastoji od nedavnih transakcija, nonce-a i tajnog broja. Ti drugi računari stavljaju sve ove podatke kroz istu heš mašinu za sebe, da bi proverili da li je heširanje tog C-Bota tačno. S obzirom da znamo da računari ne mogu da varaju u ovoj igri, znamo da je C-Bot morao da izvrši neka izračunavanja sa svojom heš mašinom da bi pronašao ispravan heš.

Heš bloka C-Bota koji je poslat, sada postaje tajni broj koji ulazi u izračunavanje sledećeg bloka. Budući da heš svakog bloka u ‘blockchain-u’ bitcoin-a koristi heš poslednjeg bloka kao ulaz, bila bi potrebna apsurdna količina energije da se prepiše istorija transakcija (lanac blokova, eng. the blockchain)

Budući da se svačija stanja bitcoin-a zasnivaju na transakcijama na i sa njihovih računa, to takođe onemogućava izmenu bilo čijih stanja bitcoin-a.

Čitav ovaj proces poznat je pod nazivom rudarenje bitcoin-a. Svaki računar na mreži pokušava da proba nove podatke kroz heš mašinu, bilione puta u sekundi.

Šta je blockchain?

Blockchain predstavlja istoriju Bitcoin transakcija, koja omogućava bilo kome da utvrdi svoje Bitcoin stanje.

• ‘Block – Blok’ = Grupa Bitcoin transakcija, nonce-a i heša prethodnog bloka
• ‘Chain – Lanac’ = Heš svakog bloka takođe koristi heš prethodnog bloka kao ulaz. Ovo povezuje podatke svakog bloka sa svakim drugim blokom, stvarajući chain – lanac.

Na blockchain-u, prava imena nisu povezana sa bitcoin-ima. Bitcoin-i su povezani samo sa slučajnim nizom brojeva i slova poznatim kao ‘javni ključ’. Ovo korisnike Bitcoin-a i njihova stanja čini poprilično anonimnima za sve koji vode knjigu.

Kada posedujete bitcoin-e, vi imate password za otključavanje vaših bitcoin bankovnih računa. Ovi računi postoje na hiljadama računara širom sveta koji pokreću Bitcoin protokol.

Kako mogu da saznam više o Bitcoin-u?

Ovaj članak vam je dao razumevanje o tome kako funkcioniše Bitcoin protokol i kako se osiguravaju njegova neverovatna svojstva.

Ako želite da saznate više, preporučujem vam ove izvore:

• Šta je Bitcoin i kako on može da nam pomogne?
• Zašto baš Bitcoin?

Ako vam se sviđa moj rad, molim vas da ga podelite sa svojim prijateljima i porodicom. Cilj mi je da svima pružim pogled u ekonomiju i na to kako ona utiče na njihov život.

@ 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.

@ cae03c48:2a7d6671

Bitcoin Magazine

SEC Commissioner Hester Peirce Speaks On Privacy And Permissionlessness At PubKey

Yesterday, SEC Commissioner Hester Peirce sat down for a fireside chat with NYDIG founder Ross Stevens at New York City’s Bitcoin-themed bar PubKey.

The two traversed a number of topics during their discussion, including why it’s important that the world has a permissionless network and asset like Bitcoin as well as why transactional privacy should be a right for U.S. citizens.

Peirce didn’t mince words during the discussion, yet she also spoke with nuance and thoughtfulness as she responded to questions from not only Stevens but from members of the audience during a Q&A session, as well.

On Permissionlessness

Toward the onset of the talk, Peirce highlighted the fact that Bitcoin is a tool for freedom fighters as part of a broader theme of why it’s crucial that permissionless technology like Bitcoin exists.

She said that she often thinks about what it would have been like if someone like Harriet Tubman had had Bitcoin.

Stevens then posed a question about the risk of a situation in which a U.S. president issues an executive order that authorizes the government to confiscate U.S. citizens’ bitcoin, like the way Executive Order 6102 enabled the government to seize U.S. citizens’ gold in 1933.

Peirce admitted that “it’s still possible for an Executive Order like 6102 to happen in the U.S.,” and made the case that it’s up to us to remain vigilant so as not to permit something like this to happen again.

“To protect ourselves from something like Executive Order 6102, we must reaffirm the founding principles of America and hold the government accountable to those principles,” said the commissioner.

Stevens added that some of Bitcoin’s qualities, such as the ability to store one’s seed phrase in one’s mind, make it more resistant to seizure than gold and, therefore, a better freedom-preserving technology. (The topic of owning actual bitcoin, or holding one’s own bitcoin private keys, as a means of embracing the true nature of Bitcoin as a permissionless technology versus having bitcoin exposure via spot bitcoin ETFs or through custodians arose at many points in the discussion.)

Further along in the discussion, Peirce stressed the importance of the U.S. government continuing to view code as speech, a topic that Stevens brought up and has written extensively about.

“It’s important as regulators for us to treat code as speech,” began Peirce.

“Otherwise, developers would have to check their code with the government before publishing it,” she added, before also noting that developers having to do this could stifle and undermine their ability to publish open-source software.

On Privacy

Halfway through the talk, Stevens asked Peirce if Americans should be free to use crypto mixers.

Before directly commenting on the matter, Peirce spoke more broadly to the concept of financial privacy and that it seems to be of little concern to most U.S. citizens.

“It’s remarkable to me how little people care about financial privacy,” said Peirce. “It’s very personal how you spend your money — and we’ve ceded so much privacy.”

Regarding crypto mixers more specifically, Peirce stated that she believes Americans have a right to use such technology.

“There’s supposed to be a presumption of innocence in this country,” she said. “Technologies that allow you to do things on chain but also allow you to preserve privacy are really important.”

At the beginning of the Q&A portion of the event, Thomas Pacchia, the bar’s owner, highlighted the dangers of the Bank Secrecy Act (BSA) in that it mandates that users turn over significant amounts of personal data to financial institutions and asked what the odds were of one day seeing the act repealed.

Peirce agreed with Pacchia that there is great risk in financial institutions holding so much of their customers’ data but pointed out that the idea of repealing the BSA is a point of deep contention in Washington, D.C.

“Really bad things can happen if a centralized financial institution has a lot of information about you, but it’s such a third rail in D.C. to talk about the Bank Secrecy Act because of the fear that bad actors will rush in,” said Peirce.

Listening Intently

Peirce has stated a number of times, most recently at Bitcoin 2025, that she believes that the U.S. government works for the American people.

It’s clear that this isn’t just hot air or a talking point, as evidenced by how carefully she listens to the questions posed to her and how thoughtful her responses to said questions are.

For example, I asked Commissioner Peirce if there was any chance we might eventually see in-kind redemptions for the spot bitcoin ETFs for retail investors.

While she admitted that it’s “unlikely,” she offered me some space to make my case for why they’re important and concluded the exchange with me by stating that she’d “give it some more thought.”

She responded to Stevens and to each member of the audience who posed a question with the same type of care and consideration, which seemed to be appreciated as she broached topics as sensitive as having the legal right to hold one’s Bitcoin keys and to transact with bitcoin privately.

Peirce also seemed genuinely concerned about making sure that regulators don’t get in the way of Bitcoin and crypto fulfilling their promise as both freedom technology and an alternative to the traditional financial and monetary systems.

“I’m concerned that we’ll stunt growth if we do things the wrong way,” Peirce concluded, eliciting a warm round of applause from the Bitcoin enthusiasts in attendance.

This post SEC Commissioner Hester Peirce Speaks On Privacy And Permissionlessness At PubKey first appeared on Bitcoin Magazine and is written by Frank Corva.

@ a296b972:e5a7a2e8

So sehr man sich auch Mühe gibt, es will vielen einfach nicht gelingen, Russland als den Feind anzusehen.

Wenn ein fremder Mann eine Frau unfreiwillig zum Tanz auf’s Parkett zerrt und der Ehemann dem fremden Mann wie auch immer zu verstehen gibt, dass das so nicht geht, dann kann man nicht sagen, der Ehemann habe einen Streit vom Zaun gebrochen.

Eine Reaktion setzt immer eine Aktion voraus.

Nicht Russland ist der NATO auf die Pelle gerückt, sondern die NATO mit der Osterweiterung Russland.

Russland wollte mit Auflösung des Warschauer Pakts eine gemeinsame europäische Militärlösung, die die Neuordnung der NATO oder gar ebenfalls ihre Auflösung zur Folge gehabt hätte.

Der sogenannte Wertewesten ist maßgeblich für den Krieg in der Ukraine verantwortlich. Völkerrechtswidrigkeit kann man weglassen, da es auch im Westen, von den USA, mehrfach Beispiele für völkerrechtswidrige Angriffe auf andere Staaten gibt. Und Deutschland hat im Kosovo auch nicht nur Kaffee für die Truppen gekocht.

Wer im Glashaus sitzt, sollte nicht mit Steinen werfen.

Wenn Deutschland, vertreten durch einen Kanzler 2. Wahl über die nicht mehr vorhandene Reichweitenbeschränkung spricht, das Wahlvieh, den ehemaligen Souverän, im Ungewissen über die Lieferung des Stiers lässt, und dann, wie aus heiterem Himmel, Taurus, mit deutschem Kompass und deutschen Kompassbedienern, auf einmal Richtung Krim-Brücke oder gar Moskau unterwegs sein sollte, wen würde es dann wundern, wenn Moskau seine „Liebesgrüße“, schon allein aus reiner Höflichkeit und Anstand, nach Schrobenhausen sendet?

Würde das passieren, würde man in Deutschland sagen: Seht ihr, wir haben es euch ja immer gesagt, ihr wolltet es nur nicht glauben. Russland, mit seinem imperialen Anspruch und seinem aggressiven Verhalten, der Friedensverhinderer, der böse Putin, der böse Russ‘, wird uns angreifen! Die geforderte Kriegstüchtigkeit war also absolut berechtigt!

Wer das dann immer noch glaubt, dem möchte man eine Rakete in den Kamin seiner Doppelhaushälfte mit Gänsemuster-Gardinen am Küchenfenster stecken.

Wenn man jemanden bis auf’s Blut reizt, ist es ihm dann zu verdenken, wenn ihm irgendwann der Geduldsfaden reißt, nachdem schon mehrere Rote Linien überschritten wurden?

Und warum reizt man Russland bis auf’s Blut? Man kann zu keinem anderen Grund kommen, als dass die Geistesgrößen in Deutschland unbedingt einen Krieg wollen. Wozu? Ist das die von wem auch immer geplante Vollendung der Zerstörung Deutschlands? Der zukünftige Ex-Kanzler redet einen Haufen vermeintlich kluges Zeug daher, aber Russland handelt klug. Kleiner Unterschied.

Rheingold ist in gewöhnliches Rheinmetall, wohl durch Geheim-Alchimie, verwandelt worden. Geheim wird ja jetzt wieder modern. Man kann nur hoffen, dass es in der Taurussland-Rakete tatsächlich US-amerikanische Komponenten gibt, die (vielleicht sogar in Wiesbaden?) abgeschaltet werden können, damit der Stier nicht fliegen kann. Und man kann auch nur hoffen, dass die USA sie dann auch wirklich abschalten.

Die Meyer-Werft in Papenburg soll demnächst auch „Meine Fregatte“ und „Kreuzer grau I bis IX“ bauen. Panzerkreuzerfahrten in der Ostsee mit Blick auf Königsberg, na bravo, tolle Idee. (Da war doch mal was?). Gute Erholung schon jetzt. Da wird die vom Kaiser für den Aufbau der Marine eingeführte Sektsteuer endlich wieder ihrem eigentlichen Zweck zugeführt.

Und wie der ehemalige Masken-Chef-Einkäufer erst jüngst in einer der unsäglichen Staatsfunk-Aufführungen lichtblitzartig erkannt haben muss, spricht Putin Deutsch. Nein, doch, oh! Man stelle sich das einmal vor. Ganz was Neues! Die jetzt für die deutsche Bevölkerung geheim gehaltenen militärischen Absprachen werden nun in einer Sprache in Berlin besprochen, von denen man vorher sorgfältig, wie immer, recherchiert hat, dass Putin sie sicher nicht spricht, damit er nichts mitbekommt. Pssst, Feind hört mit! Den Beruf des Dolmetschers oder Übersetzers hat das Arbeitsamt in der Berufsberatung in der Schulzeit des Bankkaufmanns wahrscheinlich nicht vorgestellt, daher existieren sie für ihn nicht.

Und welche militärischen Entscheidungen von den deutschen "Chef-Diplomaten" getroffen wurden, das erfährt die Bevölkerung ja spätestens, wenn es knallt. Das reicht ja auch.

Was kommt als nächstes? Nach selbst genähten Maulwindeln jetzt eine Nähanleitung für schwere Gardinen zur Fenster-Verdunkelung? Oder gibt es die bald schon fertig in allen Größen zu kaufen, bei einem Discounter, wie in Berlin jetzt Macheten, damit man sich im Garten wieder den Weg zum Geräteschuppen bahnen kann.

Ils sont fous ces Allemands!

„Das große Karthago führte drei Kriege. Nach dem ersten war es noch mächtig. Nach dem zweiten war es noch bewohnbar. Nach dem dritten war es nicht mehr aufzufinden“, Berthold Brecht.

“Dieser Beitrag wurde mit dem Pareto-Client geschrieben.”

* *

(Bild von pixabay)

@ 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!

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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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.

Hardware (poput specijalizovanog USB fleš diska) i Software (na vašem telefonu ili računaru)

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.

Cena Rezervne Kopije Jedne Seed Fraze: 74 eura

CryptoSteel Shop

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.

Cena Rezervne Kopije Jedne Seed Fraze: $49 (plus metalna igla za 10 $, ako vam treba)

Block Plate Shop

Hodlinox

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.

Cena Rezervne Kopije Jedne Seed Fraze: 29 Eura

HodlLinox Shop

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.

Cena Rezervne Kopije Jedne Seed Fraze: 69 Eura (plus 20 eura za set za graviranje, ako vam je potreban)

ColdBit Shop

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.

Cena Rezervne Kopije Jedne Seed Fraze: $89

Privacy Pros Shop

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.

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Bitcoin Magazine

Canadian Company SolarBank Adopts Bitcoin Treasury Strategy

Today, SolarBank Corporation (NASDAQ: SUUN), a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America, has announced the integration of Bitcoin as a strategic reserve asset into its corporate treasury strategy, following the footsteps of MicroStrategy and SharpLink Gaming.

SolarBank has also applied to open an institutional account with Coinbase Prime (NASDAQ: COIN), enabling secure Bitcoin custody, USDC services, and a self-custodial wallet for its Bitcoin holdings.

JUST IN: North American construction engineering company SolarBank adopts a Strategic Bitcoin Reserve pic.twitter.com/b2xvVARjZZ

— Bitcoin Magazine (@BitcoinMagazine) June 3, 2025

The company cited several strategic advantages for adopting Bitcoin as a reserve asset:

• Financial Resilience: Bitcoin holdings will serve as a hedge against inflation and currency debasement.
• Clean Energy Off-set: Emissions tied to Bitcoin mining will be counterbalanced by SolarBank’s renewable energy generation.
• Market Appeal: The move targets tech-savvy investors interested in digital assets, DeFi, and blockchain.
• Competitive Differentiation: SolarBank aims to differentiate itself as a first-mover in combining renewable energy with Web3 and DeFi principles.

“As the adoption of Bitcoin continues to grow, SolarBank believes that establishing a Bitcoin treasury strategy taps into a growing sector that is seeing increasing adoption,” commented Dr. Richard Lu. “In a world of ever-increasing energy demand and treasury complexity, SolarBank delivers renewable energy solutions and recurring revenues, now combined with all of the benefits of holding Bitcoin.”

SolarBank further emphasized that its core focus remains on renewable energy development, highlighting several recent achievements: 

• A $100 million U.S. solar deal with CIM Group targeting 97 MW of projects.
• A $49.5 million agreement with Qcells to deploy US made solar technology.
• A $41 million partnership with Honeywell to develop landfill-based solar farms. 
• A $25 million credit facility from RBC to expand its battery energy storage portfolio.

With over 1 GW of projects in development and partnerships with Fortune 500 companies, SolarBank continues to generate recurring revenues through long-term contracts while accelerating decarbonization efforts.

“The actual timing and value of Bitcoin purchases, under the allocation strategy will be determined by management,” stated the company in the press release. “Purchases will also depend on several factors, including, among others, general market and business conditions, the trading price of Bitcoin and the anticipated cash needs of SolarBank. The allocation strategy may be suspended, discontinued or modified at any time for any reason. As of the date of this press release, no Bitcoin purchases have been made.”

This post Canadian Company SolarBank Adopts Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

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วิธีที่เหมืองบิตคอยน์สามารถเพิ่มรายได้ได้ โดยทั่วไปแล้วมี 2 วิธีที่การทำเหมืองบิตคอยน์สามารถเพิ่มรายได้สูงสุดของพวกเขา

• ซื้อฮาร์ดแวร์ใหม่
• ปรับปรุงประสิทธิภาพของฮาร์ดแวร์ปัจจุบัน

การซื้อฮาร์ดแวร์ใหม่เป็นตัวเลือกที่มีความเสี่ยงมากกว่าในสองตัวเลือก เนื่องจากมักจะมีการใช้จ่ายเงินลงทุนล่วงหน้าจำนวนมาก ซึ่งอาจใช้เวลาหลายเดือนหรือนานกว่านั้นกว่าจะได้รับผลตอบแทนที่เป็นบวก ขึ้นอยู่กับการเคลื่อนไหวของราคาบิตคอยน์แน่นอน เมื่อเปรียบเทียบ การได้รับผลตอบแทนมากขึ้นจากฮาร์ดแวร์ที่มีอยู่เป็นเรื่องง่ายสำหรับนักขุดส่วนใหญ่ สิ่งที่ไม่ชัดเจนหรือไม่เป็นที่รู้จักคือการเพิ่มความเร็วสัญญาณนาฬิกาไม่ใช่วิธีเดียวในการเพิ่มอัตราการแฮชของ ASIC การปรับแต่งเฟิร์มแวร์อัตโนมัติสามารถเพิ่มรายได้ของนักขุดได้อย่างไร และมันแตกต่างจากการทำโอเวอร์คล๊อกที่รู้จักกันดีอย่างไร

การโอเวอร์คล๊อก = แฮชเรตมากขึ้น, ประสิทธิภาพน้อยลง (สูงสุด W/TH) ในช่วงต้นปี 2018 กลุ่มคนขุดเริ่มทดลองเพิ่มความเร็วการทำงานของ ASIC ของพวกเขาเพื่อเพิ่มรายได้ การเพิ่มความเร็วการทำงานหมายความว่า ASIC จะใช้พลังงานมากขึ้น แฮชที่ความถี่ที่สูงขึ้น และสร้างหลักฐานการทำงานที่ถูกต้องมากกว่าการตั้งค่ามาตรฐาน ตัวอย่างเช่น Antminer S9 ที่ผลิต 13.5 TH/s โดยทั่วไปที่การบริโภคพลังงาน 1200 W สามารถโอเวอร์คล็อกเพื่อสร้าง 16 TH/s ที่อัตราการบริโภค 1,600 วัตต์แทนได้ โดยที่ความยากของ Bitcoin ปรับตัวขึ้นอย่างสม่ำเสมอเมื่อมี ASIC เข้ามาใช้งานมากขึ้นเรื่อยๆ รายได้ที่สร้างได้จากเครื่องเดียวโดยทั่วไปจะลดลงอย่างมากเมื่อเวลาผ่านไป ราคาค่า hash ($/TH ของอัตราแฮช) ได้ลดลงอย่างต่อเนื่องตลอดเวลาในขณะที่ความยากเพิ่มขึ้น ดังนั้นนักขุดจึงต้องการให้เครื่องของพวกเขาทำงานได้มากที่สุดเท่าที่จะเป็นไปได้ในเวลาที่เร็วที่สุด ก่อนที่อัตรากำไรจะถูกบีบให้แคบลงจากความยากที่เพิ่มขึ้น และพวกเขายินดีที่จะทำให้เครื่องของพวกเขามีประสิทธิภาพน้อยลง (เช่น ต้องใช้พลังงานสูงขึ้น W/TH) ด้วยการโอเวอร์คล๊อกเพื่อที่จะได้สะสม Bitcoin ในระยะสั้น อย่างไรก็ตาม การปรับปรุงเฟิร์มแวร์ที่มีแนวโน้มไม่หยุดอยู่เพียงแค่การโอเวอร์คล๊อกเท่านั้น

การปรับแต่งอัตโนมัติ = อัตราแฮชเรตที่สูงขึ้น ประสิทธิภาพที่สูงขึ้น (TH/W สูงสุด)

สิ่งที่หลายคนไม่ทราบเกี่ยวกับ ASIC คืออุปกรณ์แต่ละตัวนั้นมีความเฉพาะตัวในแง่ของคุณภาพของชิปแฮชและการผลิตโดยรวม ซึ่งส่วนใหญ่เกิดจากข้อเท็จจริงนี้ คุณภาพของซิลิกอนไม่ได้มาตรฐาน 100% ดังนั้นชิปการแฮชบางตัวจึงมีประสิทธิภาพดีกว่าตัวอื่น ๆ โดยธรรมชาติ อย่างไรก็ตาม บริษัทเหมืองแร่ต้องการการทำให้เป็นมาตรฐานเมื่อพวกเขาซื้อฮาร์ดแวร์ ดังนั้นผู้ผลิตมักจะทำให้สเปค ASIC ต่ำกว่าประสิทธิภาพสูงสุดที่เป็นไปได้ เพื่อให้มั่นใจได้ว่าทุกเครื่องที่พวกเขาส่งมอบจะตรงตามความคาดหวังของนักขุด ในแง่นั้น การอัปเกรดประสิทธิภาพที่ไม่ค่อยมีใครรู้จักสำหรับ ASIC ซึ่งคล้ายกับการเพิ่มความเร็วเรียกว่าการปรับแต่งอัตโนมัติ การเพิ่มความเร็วและการปรับแต่งอัตโนมัติทั้งสองเกี่ยวข้องกับการปรับความถี่บนแผงการแฮชเพื่อเปลี่ยนแปลงประสิทธิภาพของ ASIC ความแตกต่างระหว่างการเพิ่มความเร็วกับการปรับแต่งอัตโนมัติอยู่ที่ความฉลาดและความซับซ้อนของการปรับความถี่เหล่านั้น

การโอเวอร์คลอคเป็นการปรับแต่งที่ค่อนข้างรุนแรง เพียงแค่เพิ่มความถี่บนบอร์ดแฮชเพื่อเพิ่มอัตราแฮชของเครื่อง ในขณะที่การปรับอัตโนมัติซึ่งซับซ้อนกว่ามาก แทนที่จะเพิ่มความถี่ของบอร์ดแฮชทั้งหมด ฟิร์มแวร์การปรับอัตโนมัติสามารถปรับความถี่ในแต่ละชิปได้ กล่าวอีกนัยหนึ่ง ฟิร์มแวร์จะหาความถี่ที่เหมาะสมที่สุดสำหรับชิปแต่ละตัว โดยส่งความถี่ที่สูงกว่าสำหรับชิปที่มีคุณภาพสูงกว่าหรือความถี่ที่ต่ำกว่าสำหรับชิปที่มีคุณภาพต่ำกว่า ผลลัพธ์สุดท้ายจากการปรับอัตโนมัติคือน้ำหนักประสิทธิภาพ W/TH ที่ดีขึ้นในทุกการตั้งค่าพลังงานที่นักขุดเลือก เมื่อรวมกับการโอเวอร์คลอค การปรับอัตโนมัติสามารถเปิดใช้งานอัตราฮาชที่สูงขึ้นได้หรือสามารถรักษาการเพิ่มขึ้นของอัตราฮาชในขณะนำการใช้พลังงานลงได้

สำหรับเหมืองแร่ที่มีค่าไฟฟ้ามีราคาถูกมากหรือแม้กระทั่งฟรี การโอเวอร์คลอก + การปรับแต่งอัตโนมัติเป็นวิธีที่มีประสิทธิภาพที่สุดในการเพิ่มจำนวน BTC ที่ขุดได้

ผู้ใช้เลือกขีดจำกัดกำลังไฟ ในตลาดกระทิง การปรับจูนอัตโนมัติและการโอเวอร์คล๊อกมักจะเป็นการรวมกันที่พบมากที่สุด เนื่องจากผู้ขุดพยายามเพิ่มรายได้ในขณะที่พวกเขามีกำไรที่ดีขึ้น อย่างไรก็ตาม การปรับจูนอัตโนมัติมีประโยชน์ข้ามกลยุทธ์การขุดทั้งหมด

ตัวอย่างเช่น การปรับจูนอัตโนมัติที่จำกัดพลังงานต่ำเป็นประโยชน์มากสำหรับผู้ขุดที่ใช้ Antminer S9 ในช่วงเวลาของการลดครึ่งเมื่ออัตรากำไรลดลงอย่างมาก ด้วย Braiins OS+ ผู้ขุดสามารถตั้งค่าขีดจำกัดพลังงานที่ 800 หรือ 900 วัตต์สำหรับ S9 และบรรลุประสิทธิภาพที่ 70-75 วัตต์ต่อ TH สำหรับเครื่องที่ระบายความร้อนด้วยอากาศ ตามที่แสดงด้วยเครื่องคิดเลขต้นทุนในการขุด 1 BTC ของเรา (ผู้ขุดสามารถทำผลลัพธ์ที่ดียิ่งขึ้นด้วยการระบายความร้อนแบบ immersion)

คุณค่าหลักของการปรับแต่งเฟิร์มแวร์อัตโนมัติคือมันจะเพิ่มประสิทธิภาพ ASIC ที่ทุกขีดจำกัดกำลังไฟฟ้าที่คุณกำหนด ลดค่าใช้จ่ายของคุณสำหรับทุก Satoshi ที่คุณสร้างรายได้

ตลาดสำหรับเฟิร์มแวร์การปรับเสียงอัตโนมัติ ทุกคนที่อยู่ในอุตสาหกรรมการขุดมานานหลายปีเข้าใจได้ว่าอุตสาหกรรมการขุดพัฒนาไปอย่างรวดเร็วเพียงใด แม้ว่าการปรับแต่งอัตโนมัติยังค่อนข้างไม่เป็นที่แพร่หลาย แต่ก็คงจะกลายเป็นแนวปฏิบัติมาตรฐานในหมู่ผู้ขุดภายใน 1-2 ปีข้างหน้า ผู้ขุดมีผู้ให้บริการเฟิร์มแวร์จากบุคคลที่สามหลายรายให้เลือกซึ่งถือเป็นการพัฒนาที่สำคัญเมื่อเปรียบเทียบกับไม่กี่ปีที่ผ่านมาเมื่อ Bitmain เป็นผู้ผลิตฮาร์ดแวร์ที่มีอิทธิพลมากที่สุดและไม่มีเฟิร์มแวร์ที่กำหนดเองสำหรับ Antminers

ในการตระหนักถึงคุณค่าที่การปรับแต่งอัตโนมัติสามารถมอบให้ — โดยเฉพาะสำหรับนักขุดนอกประเทศจีนที่ต้องรอนานขึ้นและต้องจ่ายราคาที่สูงกว่าสำหรับฮาร์ดแวร์การขุดรุ่นใหม่ — เราที่ Braiins ได้มุ่งมั่นในการพัฒนาเฟิร์มแวร์การปรับแต่งอัตโนมัติที่มีประสิทธิภาพสูงสำหรับการดำเนินงานการขุดทุกรูปแบบ

Braiins OS+ มีการแข่งขันกับเฟิร์มแวร์การปรับแต่ง ASIC อื่น ๆ ทั้งในด้านต้นทุนและประสิทธิภาพ แต่มีความโดดเด่นในด้านอื่น ๆ เช่น ฐานข้อมูลโอเพ่นซอร์ซ, การปฏิบัติตาม GPL และชื่อเสียงที่เราสร้างขึ้นตลอด 7 ปีในอุตสาหกรรมการขุด Bitcoin

ข้อมูลเนื้อหา : https://braiins.com/

@ 7f6db517:a4931eda

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

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

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

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

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

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

@ 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!

@ 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).

@ cae03c48:2a7d6671

Bitcoin Magazine

Vegas Comedown, or Was Bitcoin 2025 Too Noisy?

“Shitcoin Magazine,” tweeted Bitcoin educator and author Knut Svanholm about the event that BTC Inc, the parent company of Bitcoin Magazine, organized in Las Vegas last week. Dancing cows dashed across my feed. “It’s a political convention now,” I overheard two attendees saying as they exited the Nakamoto stage, heads shaking. Nigel Farage, the inflammatory British politician and leader of Reform UK, was shouting on stage about becoming prime minister. A somewhat calmer personality, Vice President JD Vance spoke about “crypto” and thanked Coinbase.

Word on the (online) street is that Bitcoin 2025 was captured by political and shitcoin-y interests. Our own technical editor, Shinobi, opted out of mass surveillance and bailed for freer pastures at the Oslo Freedom Forum. Erik Cason was uncharacteristically polite (“shitcoin adjacent”), though he was there in person, happily signing the Cryptosovereignty book that Bitcoin Magazine Books published in 2023.

“None of my Bitcoiner friends come here anymore,” said Ben, an entrepreneur who runs a Bitcoin business, on the fence about coming back next year.

Whenever I mention that I work for Bitcoin Magazine, I usually have to field questions about shitcoinery and political shilling (Are you a MAGA dude now?!). Coming to Vegas was inspection time for me — or at least a chance to see what it is that troubles so many people.

With the glamor of the Strip itself and its sensory overload, it’d be easy to be dazzled — plus, it was the first time I had left Fort Europa for the land of the free in years, first time in Vegas, and first time at an American Bitcoin event. It’d be easy for me to simply dismiss the haters by paraphrasing Taylor (“haters gonna hate, hate, hate, hate…”).

While sitting down in the whale pass area the Deep, a hipster-looking gentleman started talking to me about how Bitcoin is fundamentally broken and that I should investigate his energy-based shitcoin instead. Waiting for Vance’s speech in the main hall, I was introduced to three young dudes dressed up to perfection and barely out of college, at the conference “to land a job in the industry” — i.e., grifters. A mid-60s technology dude interjected himself into the conversation, bragged about how he worked on tech for Microsoft in the ’90s, and explained how blockchain (not Bitcoin) is the future — only to have us scan the NFC card he had implanted in his left hand. Ugh.

Thus, it wasn’t difficult to see the things all these people online had objected to: Our conference was a party, or “an elaborate Bitcoin extraction scheme,” a “circus, shitcoin fest,” or stablecoin mania. Plus:

pic.twitter.com/VfD4ViXlFS

— Daniel Prince (@Princey21M) May 30, 2025

They’re not wrong. But honestly, you don’t have to look.

Here’s an underappreciated order to the known universe: To each successful movement or phenomenon, parasites and fraudsters are drawn. It’s why the shitcoin guys are around Bitcoin events and why the politicians are pandering to our cause. Vegas itself is the center of gravity for that sort of thing — gambling, nudity, alcohol, prostitution, and other dopamine-inducing stimulants. I first titled this tak_e_ What Hookers in Vegas Can Teach Us About Politicians at Bitcoin 2025; the simple observation is that fraudsters, grifters, and scammers go to where the value is. Parasites feed off healthy, growing, flourishing organisms.

“Scammers flooding in,” as Tomer Strolight post-conference tweeted, is thus the least surprising thing ever.

We’re succeeding, growing, and becoming if not respectable then at least a household name. The FT and WSJ covering us feel somewhere between “…then they laugh at you“ and “…then they fight you” stages.

Running around meeting people — hardcore Bitcoiners I’ve only ever met online, authors and writers and editors I’ve worked with (they were all in Vegas, since that was the place to be…) — and attending the sum total of three presentations, I felt what Wayne Vaughan of Bitcoin First described:

The Bitcoin Conference 2025 was different and in many ways disappointing.

Good:
The private events were excellent opportunities to reconnect with old friends and meet new people.

Bitcoin has grown up. We’re finally legit.

Neutral:
The conference was dominated by politics and…

— Wayne Vaughan (@WayneVaughan) May 30, 2025

You can just meet people, just do things.

To make an obvious analogy: The internet is littered with porn, gambling, and cat videos, and it’s the most successful technology in a generation. You don’t have to look; you can just work and provide value instead of wasting away your life talking to shitcoiners or being annoyed at politicians and other fraudsters doing their things.

“Cozying up to any government is a bad idea,” concluded the WSJ piece, citing a “wing” of purist Bitcoin that we all feel. Yes, agreed. But the puritism that its opposite requires condemns us to irrelevancy — belittles and betrays the broader mission.

So yeah: the grifters, the parasites, the politicians, and the financial engineers are here. Good for them. That they’re here is a sign of victory.

Knock me over with a feather, haters.

Come join us for Bitcoin 2026 and see for yourself.

This post Vegas Comedown, or Was Bitcoin 2025 Too Noisy? first appeared on Bitcoin Magazine and is written by Joakim Book.

@ 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.

@ cae03c48:2a7d6671

Bitcoin Magazine

Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin 

Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial product represents one of the first moves by a major Russian institution to offer Bitcoin-linked investments under recently updated national regulations.

BREAKING: Russia's largest bank Sberbank launches structured bonds linked to Bitcoin. pic.twitter.com/LtD26jPS0x

— Bitcoin Magazine (@BitcoinMagazine) June 2, 2025

The structured bond is initially available over the counter to a limited group of qualified investors. According to the announcement, it allows investors to earn based on two factors: the price performance of BTC in U.S. dollars and any strengthening of the dollar compared to the Russian ruble.

Unlike typical Bitcoin investments, this product does not require the use of a Bitcoin wallet or foreign platforms. “All transactions [are] processed in rubles within Russia’s legal and infrastructure systems,” Sberbank stated, highlighting compliance with domestic financial protocols.

In addition to the bond, Sberbank has announced plans to launch similar structured investment products with Bitcoin exposure on the Moscow Exchange. The bank also revealed it will introduce a Bitcoin futures product via its SberInvestments platform on June 4, aligning with the product’s debut on the Moscow Exchange.

These developments follow a recent policy change by the Bank of Russia, which now permits financial institutions to offer Bitcoin-linked instruments to qualified investors. This shift opens the door for Bitcoin within the country’s traditional financial markets.

While Russia has previously taken a cautious approach to digital assets, Sberbank’s launch of a Bitcoin-linked bond and upcoming futures product marks a new phase of adoption—one that blends Bitcoin exposure with existing financial infrastructure.

The bank’s structured bond may signal a growing interest in regulated access to Bitcoin, especially within large financial institutions.

This post Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin  first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ cae03c48:2a7d6671

Bitcoin Magazine

How Strategy (MSTR) Built Their Capital Stack to Accelerate Bitcoin Accumulation

MicroStrategy—now operating as Strategy—has built the most aggressive Bitcoin treasury in the world. But its true innovation isn’t just holding Bitcoin. It’s in how it finances the accumulation of Bitcoin at scale without giving up control or diluting shareholder value.

The engine behind this? A meticulously designed capital stack—a multi-tiered structure of debt, preferred stock, and equity that appeals to different types of investors, each with unique risk, yield, and volatility preferences.

This is more than corporate finance—it’s a blueprint for Bitcoin-native capital formation.

What Is a Capital Stack?

A capital stack refers to the layers of capital a company uses to finance its operations and strategic goals. Each layer has its own return profile, risk level, and repayment priority in the event of liquidation.

Strategy’s capital stack is designed to do one thing exceptionally well: convert fiat capital into Bitcoin exposure—efficiently, at scale, and without compromise.

The Stack: Ordered by Priority

Strategy’s capital stack comprises five core instruments:

1. Convertible Notes
2. Strife Preferred Stock ($STRF)
3. Strike Preferred Stock ($STRK)
4. Stride Preferred Stock ($STRD)
5. Common Equity ($MSTR)

These layers are ranked from highest to lowest in repayment priority. What makes this structure unique is how each layer balances downside protection, yield, and Bitcoin exposure—offering institutional investors fixed-income alternatives with varying degrees of correlation to Bitcoin.

Strategy’s Capital Stack illustrated by Chris Millas

Convertible Notes: Senior Debt with Optional Upside

Strategy’s capital stack begins with convertible notes—senior unsecured debt that can convert into equity.

• Downside: Low risk, high priority in liquidation
• Upside: Modest unless converted
• Appeal: Institutional debt investors seeking protection with optional Bitcoin-adjacent upside

These notes were Strategy’s earliest fundraising tools, enabling the company to raise billions in low-interest environments to accumulate Bitcoin without issuing equity.

Strife ($STRF): Investment-Grade Yield

Strife is a perpetual preferred stock designed to mimic high-grade fixed income.

• 10% cumulative dividend, paid in cash
• $100 liquidation preference
• No conversion rights or Bitcoin upside
• Compounding penalties on unpaid dividends
• Low volatility, medium risk profile

Strife targets conservative capital—allocators who want predictable income without equity or crypto exposure. It’s senior to other preferreds and common stock, making it a high-quality fixed-income proxy built atop a Bitcoin treasury.

Strike ($STRK): Yield + Bitcoin Optionality

Strike is convertible preferred stock—bridging fixed income and equity upside.

• 8% cumulative dividend
• Convertible into $MSTR at $1,000 strike
• Paid in cash or Class A shares
• Bitcoin exposure via conversion option
• Medium volatility, low risk

Strike appeals to investors who want income with optional participation in Bitcoin upside. In bullish Bitcoin cycles, the conversion option becomes valuable—offering a hybrid between bond-like stability and equity-like potential.

Stride ($STRD): High Yield, High Risk

Stride is the most junior preferred—non-cumulative, perpetual stock issued with high yield and few protections.

• >10% dividend, only if declared
• No compounding, no conversion, no voting rights
• Highest relative risk among preferreds
• Liquidation priority above common equity, but below all others

Stride plays a crucial role. Its issuance improves the credit quality of Strife, adding a subordinate capital buffer beneath it—similar to how mezzanine debt protects senior tranches in structured finance.

Stride attracts yield-hungry investors, enabling Strategy to raise capital without compromising more senior layers.

Common Equity ($MSTR): Pure Bitcoin Beta

At the base is Strategy’s common equity—the most volatile, least protected, but highest potential instrument in the stack.

• Unlimited upside
• No dividend, no priority
• Full exposure to Bitcoin volatility
• Voting rights, long-term ownership

Common equity is for conviction-driven investors. Over the past four years, this layer has attracted capital from funds and individuals aligned with Strategy’s Bitcoin thesis—investors who want maximal upside from a corporate Bitcoin strategy.

The Big Picture: Saylor Is Targeting the Fixed Income Market

This isn’t just a financing mechanism—it’s a direct challenge to the $130 trillion global bond market.

By issuing instruments like $STRF, $STRK, and $STRD, Strategy is offering Bitcoin-adjacent yield vehicles that absorb demand from across the capital spectrum:

• Institutional investors seeking investment-grade yield
• Hedge funds chasing structured upside
• Yield hunters willing to go down the stack for returns

Each instrument behaves like a synthetic bond, yet all are backed by a Bitcoin accumulation engine.

As Director of Bitcoin Strategy at Metaplanet, Dylan LeClair put it: “Saylor is coming for the entire fixed income market.”

Rather than issue traditional bonds, Saylor is constructing a Bitcoin-native capital stack—one that unlocks liquidity without ever selling the underlying asset.

Why It Matters: A Model for Bitcoin Treasury Strategy

Strategy’s capital structure is more than innovation—it’s a financial operating system for any public company that wants to monetize Bitcoin’s rise while maintaining capital discipline.

Key takeaways:

• Every layer matches a specific investor need: From low-risk debt to speculative yield
• Capital flows in, Bitcoin stays put: Preserving treasury position while scaling
• No single instrument dominates: The stack is diversified by design
• Control is retained: Most securities are non-voting, non-convertible

For corporations serious about building a Bitcoin-native balance sheet, this is the playbook to study.

Saylor isn’t just stacking Bitcoin—he’s engineering the financial infrastructure for a monetary paradigm shift.

Disclaimer: This content was written on behalf of Bitcoin For Corporations. This article is intended solely for informational purposes and should not be interpreted as an invitation or solicitation to acquire, purchase, or subscribe for securities.

This post How Strategy (MSTR) Built Their Capital Stack to Accelerate Bitcoin Accumulation first appeared on Bitcoin Magazine and is written by Nick Ward.

@ 7f6db517:a4931eda

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

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

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

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

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

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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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@ db8c7645:1cac80d5

Hi, super popular, masculine, and COOL modder loregamer here. I've worked on a few mods on the ModHQ site. I would like the permissions policy to be removed

I wrote a retarded manifesto on it here:

WHY WE STOLE HEADS FROM NEXUS MOD AUTHORS

TLDR

::youtube{#edea7yMqOY8}

@ 502ab02a:a2860397

ไม่มีใครเคี้ยวเซลล์ได้หรอก แต่ถ้ามีคนบอกว่า “นี่คือไก่ชุบแป้งทอด” เราก็จะกัดเข้าไปโดยไม่รู้เลยว่า มันเริ่มต้นจากจุดที่เล็กกว่าเศษฝุ่นบนโต๊ะ

เฮียอยากเล่าให้ฟังถึงเรื่องราวของ “ไก่ที่ไม่มีไก่” หรือ “เนื้อที่ไม่เคยมีฟาร์ม” มันคือเนื้อที่เพาะในห้องแล็บ แต่ไม่ได้แปลว่าเป็นของปลอม เพราะจริง ๆ แล้ว มันคือเนื้อที่ไม่มีการฆ่า

เราเคยคุยกันไปแล้วว่า Upside Foods เป็นหนึ่งในบริษัทที่เดินหน้าสร้าง “อนาคตที่เคี้ยวได้” พวกเขาเริ่มจากสิ่งที่บางคนอาจมองว่าเป็นวิทยาศาสตร์วิปลาส แต่จริง ๆ แล้วมันคือศิลปะที่ซับซ้อนระหว่างชีววิทยาและอาหาร วันนี้เฮียจะเล่าให้ฟังว่า เขาทำเนื้อแบบนั้นยังไง ตั้งแต่เซลล์จิ๋ว ๆ จนกลายมาเป็นไก่ทอดที่เสิร์ฟบนจาน เรามาเรียนรู้กันครับ

ทุกอย่างเริ่มจาก เซลล์ต้นกำเนิด แต่ไม่ใช่แบบที่ใครจะคิดว่าต้องตัดชิ้นส่วนสัตว์มาทั้งตัว แค่เซลล์เดียวก็พอ โดยเฉพาะเซลล์จากไข่ไก่ที่ได้รับการปฏิสนธิ ซึ่งมีความสามารถพิเศษในการแบ่งตัวอย่างต่อเนื่องโดยไม่สูญเสียคุณภาพ เซลล์นั้นจะถูกคัดเลือกในขั้นตอนที่เรียกว่า Select หรือการหา “ตัวแทนเนื้อ” ที่เก่งที่สุด แข็งแรงที่สุด และกินเก่งที่สุดในบรรดาเซลล์ทั้งหมด

จากนั้นจึงเข้าสู่การ เพาะเลี้ยง (Cultivate) เซลล์จะถูกส่งเข้าไปอยู่ใน “ถังเพาะเลี้ยง” หรือ cultivator ซึ่งทำหน้าที่เหมือนครรภ์จำลอง ถังนี้มีทุกอย่างที่เซลล์ต้องการ น้ำ ออกซิเจน กรดอะมิโน น้ำตาล วิตามิน แร่ธาตุ และเกลือ เรียกง่าย ๆ ว่า “อาหารเซลล์” ที่ถูกปรุงให้ใกล้เคียงกับสิ่งแวดล้อมตามธรรมชาติที่สุด เพื่อให้เซลล์เจริญเติบโต ขยายตัว และกลายเป็นเนื้อแบบที่เราเคยกินกัน

เวลาผ่านไป 2-3 สัปดาห์ เนื้อที่เติบโตมาจากเซลล์ก็พร้อมจะถูกเก็บเกี่ยวในขั้นตอนที่เรียกว่า Prepare เหมือนเก็บเกี่ยวข้าว แต่แทนที่จะเป็นต้นข้าว ก็คือ “มวลเซลล์” ที่พร้อมแปรรูป มันถูกนำออกมาจากถังเพาะเลี้ยง แล้วเข้าสู่ขั้นตอนการขึ้นรูป ปรุงรส แช่เย็น และบรรจุให้พร้อมจำหน่าย

ถ้าจะให้เฮียเปรียบ มันก็เหมือนเด็กที่ถูกเลี้ยงให้เติบโตในอ้อมกอดของเครื่องจักร แทนที่จะโตในแม่ไก่ ฟังดูแปลก แต่จริง ๆ แล้วมันคือความพยายามที่จะนำเสนอภาพการสร้างอาหารโดยไม่ต้องมีชีวิตใดถูกพราก ตามที่การตลาดและโฆษณาต้องการสื่อ

และถ้าใครสงสัยว่า โรงงานที่ทำเรื่องแบบนี้หน้าตาเป็นยังไง มันไม่ได้เหมือนห้องแล็บลับ ๆ หรืออะไรที่มีหมอกวิทยาศาสตร์คลุ้งฟุ้ง Upside Foods มีโรงงานชื่อว่า EPIC (ย่อจาก Engineering, Production and Innovation Center) อยู่ที่รัฐแคลิฟอร์เนีย และสามารถผลิตเนื้อได้ถึง 50,000 ปอนด์ต่อปี ภายในโรงงานนั้นมีทั้งห้องเพาะเลี้ยง ห้องควบคุม ห้องปรุงอาหาร และห้องพัฒนาเทคโนโลยีใหม่ ๆ ครบทุกฟังก์ชัน แถมมีการลงทะเบียนเข้าชม factory trip ได้ด้วยนะครับ

ที่สำคัญที่สุด ทุกขั้นตอนได้รับการตรวจสอบจากทั้ง FDA และ USDA อย่างเข้มงวด ไม่ใช่แค่ความสะอาด แต่รวมไปถึงการควบคุมทุกตัวแปรทางชีวภาพ เพราะการผลิตเนื้อโดยไม่มีสัตว์นั้น แม้จะฟังดู “เมตตา” แต่ถ้าพลาดก็กลายเป็นเรื่องอันตราย (แต่ไม่ต้องถามนะครับว่าผ่าน GRAS มาได้ยังไง)

Upside Foods จึงให้ความสำคัญกับการทำการสื่อสารองค์กรให้ผู้บริโภคเชื่อมั่นว่า เนื้อที่ไม่มีชีวิตนี้ ยังปลอดภัยสำหรับชีวิตเช่นกัน

ทั้งหมดนี้คือศาสตร์และศิลป์ของ “เนื้อจากเซลล์” ที่อาจเป็นคำตอบหนึ่งของอนาคต เฮียไม่ได้บอกว่ามันคือคำตอบเดียว และเฮียก็ยังรักเนื้อที่มาจากฟาร์มจริง ๆ แต่ในวันที่โลกเริ่มตั้งคำถามกับการบริโภคที่ไม่ยั่งยืน การมีทางเลือกที่ไม่ทำร้าย ก็อาจเป็นเรื่องที่น่าคิด เพราะถ้าเราเลือกกินได้โดยไม่ต้องฆ่า แล้วรสชาติยังอร่อยเหมือนเดิม ถึงเวลานั้นแล้วประชาชนเองหรือเปล่าที่จะยินดีโอบรับอาหารแบบนี้ในชีวิตประจำวัน แล้วไม่จำเป็นต้องคำนึงถึงเกษตรกรทั้งปศุสัตว์และเกษตกรรม เพราะเขาอาจมองว่าจะมาจากไหนก็ต้อง "ซื้อ" กินอยู่ดี โดยเฉพาะถ้าสังคมเมืองต้องวิ่งแบบหนูถีบจักรภายใต้ระบบ fiat บริบทของ การซื้อจากไหนก็ไม่สำคัญ จะเข้ามาครองจิตใจประชากรหรือเปล่า เมื่อถึงวันนั้นผู้ทำอาชีพเกษตรอาจไม่เหลืออยู่ แล้วคำพูดที่ว่า "ยังไงฉันก็เลือกอาหารธรรมชาติ" มันยังสามารถอยู่บนโลกได้จริงไหม ทุกวันนี้เราปลูกเราเลี้ยงอะไรเป็นชิ้นเป็นอันหรือยัง เรายังซื้ออยู่ใช่หรือไม่

แหที่หว่านนั้นมันกว้างจนเราไม่รู้ตัวหรือเปล่า ว่ากำลังพูดอะไรอยู่?

นี่คือคำถาม ที่ขยายภาพขึ้นมาอีกครับ

#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ 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.

---

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

@ cae03c48:2a7d6671

Bitcoin Magazine

MARA Announces Over $100 Million in Bitcoin Mined in May 2025

Today, MARA Holdings, Inc. (NASDAQ: MARA) reported a record high month of bitcoin production in May 2025, mining 950 BTC worth over $100 million at the time of writing. A 35% increase from April and the highest monthly output since the April 2024 halving event. MARA did not sell any bitcoin in May.

JUST IN: MARA mined 950 #Bitcoin worth over $100 MILLION in May

They HODLed all of it pic.twitter.com/Z4v1zoEfga

— Bitcoin Magazine (@BitcoinMagazine) June 3, 2025

“May was a record-breaking month for MARA with 282 blocks won, a 38% increase over April and a new monthly high,” said the Chairman and CEO of MARA Fred Thiel. “Our total bitcoin holdings surpassed 49,000 BTC during May and the 950 bitcoin produced were the most since the halving event in April 2024.”

The company mined 282 blocks during the month, a 38% rise over the previous month, and now holds 49,179 BTC, worth roughly $5.23 billion at the time of writing.

“Our fully integrated tech stack is a key differentiator, and MARA Pool is the only self-owned and operated mining pool among public miners, offering greater control and efficiency,” stated Thiel. “Operating our pool means no fees to external operators and retention of the full value of block rewards. Production in May also benefitted from block reward luck. Since launch, MARA Pool’s block reward luck has outperformed the network average by over 10%, contributing to our industry-leading block production.”

Operational efficiency also improved, with energized hashrate rising 2% from 57.3 EH/s to 58.3 EH/s. MARA’s average daily bitcoin production hit 30.7 BTC, which is 31% more than the last month from April.

“We remain laser-focused on transforming MARA into a vertically integrated digital energy and infrastructure company,” commented Thiel. “We believe this model gives us tighter operational control, improves cost-efficiency, and makes us more resilient to shifts in the broader economy.”

Earlier this month, on May 8, MARA released its first quarter 2025 earnings, posting 213.9 million dollars in revenue. A 30 percent increase over the same period last year. The company’s bitcoin holdings surged 174 percent year over year, rising from 17,320 BTC to 47,531 BTC as of March 31, with an estimated value of 3.9 billion dollars at the time. In Q1, MARA mined 2,286 BTC and acquired an additional 340 BTC. Operational performance also strengthened, with energized hashrate nearly doubling from 27.8 EH/s to 54.3 EH/s, and cost per petahash per day improving by 25 percent.

This post MARA Announces Over $100 Million in Bitcoin Mined in May 2025 first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 74fb3ef2:58adabc7

I'm actually glad that COVID happened. If it weren't for COVID, I would not have woken up.

Before COVID, I hated the government like any tax-paying slave does, but I never questioned the narrative. I believed the full statist propaganda—that the government had my best interest in mind and that we couldn't live without them.

I always believed they were thieves. I always knew they were idiots. I think it takes barely a few minutes of actual thinking to realize that. But I was very anti-"conspiracy theory." I used to ridicule non-statists and bitcoiners too.

COVID was the switch for me. I started doing research, but I was skeptical at first. Then, in a random Discord server about political debate, a certain user's messages stood out.

Most users were statists, left and right NPCs screaming about which geriatric and demented person should be the new monarch of a country I don't even live in and will likely never visit anymore.

But this one person was different. I don't think it's up to me to share his name since he's a very private person (you know who you are, and thank you). But I talked with this person almost every week. I presented argument after argument for my "side," essentially advocating for my own slavery to people who value me less than a pawn in a game of chess.

There was no argument I would bring up that he wouldn't destroy me on with logic and data.

Slowly, over a few months, he convinced me and turned me into the free person I am today.

I owe so much to this person: - The fact that I quit my main job a while back and only do freelance now - The fact that I don't use any big tech products anymore - The fact that I'm a bitcoiner - The fact that I self-host a lot of servers, despite living in a small apartment - The fact that I'm becoming less reliant on the slavery system - The fact that I'm now living free - The fact that I'm writing this very article on nostr

Once you start questioning one widely-accepted narrative, it becomes natural to ask "what else might I have wrong?" or "what other assumptions haven't I examined?"

Thank you, government, for COVID. And thank you, mystery person, for calling me a retard and showing me how I was being retarded.

@ 58537364:705b4b85

มีคำกล่าวที่ว่า “นกไม่เห็นฟ้า ปลาไม่เห็นน้ำ หนอนในส้วมไม่เห็นคูถ ไส้เดือนไม่เห็นดิน คนอยู่ในโลกก็ไม่เห็นโลก” นี้หมายความว่า มันมีอะไรที่ลึกลับอยู่ ที่ทำให้นกไม่เห็นฟ้า หรือปลาไม่เห็นน้ำ. ให้ดูเห็นง่ายก็ที่ปลา ปลามันอยู่ในน้ำ น้ำก็ถึงตา มันยังมองไม่เห็นน้ำ ทั้งที่น้ำเป็นสิ่งที่มันปะทะหรือว่าติดกันอยู่เสมอไป. ตั้งแต่เกิดมาก็เป็นอย่างนั้นเสียแล้ว มันก็ไม่ได้รู้สึกว่ามีน้ำ ปลาจึงไม่รู้ว่าน้ำนั้นคืออะไร โดยแท้จริง. หรือว่าหนอนที่เกิดมาจากอุจาระอยู่แท้ ๆ แต่ก็ไม่เห็นอุจาระ. หรือว่าไส้เดือนอยู่ในดิน มันกินดิน แต่มันก็ไม่เห็นดิน. ทั้งนี้เพราะคำว่า “เห็น” ในที่นี้มีความหมายพิเศษ

คนอยู่ในโลกก็ไม่เห็นโลก คือไม่ได้เห็นความจริงหรือความลับโดยแท้จริงของสิ่งที่เรียกว่า “โลก” มีตามันก็เห็นนั่นเห็นนี่เรือย ๆ ไป แต่ไม่เห็นจริง. ไม่รู้จักโดยแท้จริง มันจึงได้หลงในสิ่งเหล่านั้น. ถ้าเห็นจริงๆก็จะไม่หลงในอะไร. เพราะฉะนั้นอย่าได้ประมาท อย่าได้อวดดี ว่าเรา “เห็น” มันเพียงแต่ว่า สัมผัสตามธรรมดาด้วยตา แล้วรู้สึกไปตามกฎเกณฑ์อย่างธรรมดา ว่ามันมีเท่านั้น ; แต่ที่จริงยังมีอยู่อีกชั้นหนึ่ง คือชั้นลึกซึ้ง.

ทีนี้ เรามาดูกันถึงสิ่งที่เรียกว่า “ชีวิต” ขอให้สังเกตดูให้ดี ๆ ว่า เราต้องใช้คำว่า “สิ่งที่เรียกกันว่า...” สิ่งที่เรียกกันว่านี้ มันเป็นของคนโง่ก็ได้ คือคนโง่มันว่า หรือมันเรียกอะไรเป็นอะไร. แล้วในโลกนี้มีคนโง่มาก หรือมีคนฉลาดมาก ถ้าว่าเป็นคนฉลาด มันก็จะต้องรู้จักทำโลกนี้ให้หมดปัญหา คือไม่มีตวามทุกข์ยากลำบากวุ่นวาย.

เดี๋ยวนี้คนส่วนมาก ก็ไม่รู้จักสิ่งที่เรียกว่า “โลก” นี้โดยแท้จริง มันจึงทำไปในลักษณะที่ไม่ถูกต้องตรงตามที่เป็นจริง เราจึงยุ่งกันทั้งโลกอยู่เวลานี้.

คำว่า “ชีวิต” นี้ก็เหมือนกัน มันมีสิ่งที่เรียกว่า “ชีวิต” โดยเฉพาะเด็ก ๆ สมัยนี้ จะใช้คำว่า “ชีวิต” นี้พร่ำเพรื่อ. สมัยปู่ ย่า ตา ยาย คำว่าชีวิตนี้ใช้น้อยที่สุด เป็นความลึกลับเอามาพูดถึงกันน้อยที่สุด. เดี๋ยวนี้หนังสืออ่านเล่นหนังสืออะไรก็มีคำว่า “ชีวิต” ใช้พร่ำเพรื่อ จนเด็ก ๆ เข้าใจไปว่า ตัวเองรู้จักสิ่งที่เรียกว่า “ชีวิต” อย่างแตกฉานทีเดียว. นั่นแหละคือความหลับหูหลับตา สำหรับจะอวดดี.

สิ่งที่เรียกว่าชีวิตนี้มันมีความลึกลับ และยังแถมมีเคล็ดลับที่ซ่อนเร้นอยู่ในนั้นมาก คำว่า “ชีวิต” ของเด็ก ๆ ที่เคยอ่านแต่หนังสืออ่านเล่น มันก็มีความหมายอย่างหนึ่ง คนวัยรุ่นที่เคยแต่อ่านหนังสืออ่านเล่นนั้น จะเข้าใจคำว่า “ชีวิต” ในความหมายไปอย่างหนึ่ง. ต่อเมื่ออายุมากแล้ว เป็นพ่อแม่แล้ว จะรู้จัก “ชีวิต” ในความหมายหนึ่ง ซึ่งจะจริงกว่าหรือถูกกว่าอีกมาก; แต่ก็ยังไม่หมด มันยังเหลือความลับของชีวิตนั้นอีกมาก จนกว่าจะเป็นพระอริยเจ้า หรือว่ามีปัญญาตามแบบของพระอริยเจ้านั่นแหละ จึงจะเห็นสิ่งที่เรียกว่า “ชีวิต” อย่างถูกต้องแท้จริงและถึงที่สุด คือสมบูรณ์ที่สุด.

เพราะฉะนั้น พระอริยเจ้านั้นก็มิใช่ใครอื่นที่ไหน ท่านเป็นเพียงผู้ที่รู้จักโลกตามที่เป็นจริง แล้วก็ไม่หลงโลก ท่านทำให้ชีวิตนี้ไม่มีความทุกข์ ; คนชนิดนี้เรียกว่าพระอริยเจ้า.

แต่เดี๋ยวนี้คนทั่วไปไม่เข้าใจคำว่า “พระอริยเจ้า” จัดไว้เป็นบุคคลที่ลึกลับ เข้าใจไม่ได้ ; หรือว่าจะเป็นบุคคลประเภทที่ไม่พึงปรารถนาด้วยซ้ำไป.

คนวัยรุ่นสมัยนี้จะเข้าใจว่า พระอริยเจ้าเป็นคนหมดความหมาย สำหรับโลก หมดความหมายสำหรับพวกเรา ท่านบ้า ๆ บอ ๆ ครึ ๆ คระ ๆ ไปตามแบบของท่าน. ถ้าใครนึกอยู่อย่างนี้ก็ขอให้นึกเสียใหม่ เพราะว่าการศึกษาอบรมสมัยนี้อาจจะทำให้นึกไปอย่างนั้น จนนึกไปว่าพระอริยเจ้านี้ท่านเป็นคนประหลาด บ้า ๆ บอ ๆ ไปตามแบบของท่าน.

ขอให้เข้าใจเสียใหม่ว่า พระอริยเจ้า นั้นคือบุคคล ที่รู้จักโลกตามที่เป็นจริง และจัดการทุกอย่างถูกต้องหมด จนไม่มีความทุกข์ คือท่านไม่เป็นเหมือนกับ นกไม่เห็นฟ้า ปลาไม่เห็นน้ำ หนอนไม่เห็นคูถอย่างนี้ อีกต่อไป คือไม่เป็นอย่างนี้อีกต่อไป ; จะเป็นผู้ที่รู้สิ่งทั้งหลายทั้งปวงถูกต้องตามที่เป็นจริง.

ด้วยเหตุนี้แหละ เราจึงต้องใช้คำว่า สิ่งที่เรียกว่า “ชีวิต” ไม่ใช้คำว่า “ชีวิต” เฉยๆ เพราะมันเรียกกันได้ตามชอบใจ หลายอย่าง หลายแบบ หลายชั้น หลายลักษณะนัก ดังนั้นจึงขอร้องให้ผู้ที่เป็นครูนั้น รู้จักความลับของสิ่งที่เรียกว่าชีวิต.

ทีนี้ ความลับของสิ่งที่เรียกว่า “ชีวิต” นี้ มันก็ยังมีมากมายอีก ในชั้นนี้เราเอาตามที่พระพุทธเจ้าท่านตรัสไว้จะดีกว่า และก็อย่างเดียวกันอีกนั่นแหละ คือว่าพระพุทธเจ้าท่านได้ตรัสไว้มาก ถ้าเอาพระไตรปิฏกเป็นหลักแล้วมันมากจนเกินกว่าที่ชาวบ้านจะศึกษาไหว หรือจะรวบรวมมาให้หมดได้. เพราะฉะนั้นจึงมีความจำเป็นที่จะต้องมีการย่อหรือสรุปเอาแต่ใจความมาให้ฟังหรือให้ศึกษากัน.

ตามนัยที่พระพุทธเจ้าท่านได้ตรัสไว้ทั้งหมด ทั้งสิ้นนั้น เราอาจจะสรุปความได้ว่า สิ่งที่เรียกว่า “ชีวิต” นั้น มันมีเคล็ดลับมาก แต่มันก็รวมอยู่ที่ สิ่งที่เรียกว่า ตา หู จมูก ลิ้น กาย ใจ ช่วยจำคำ ๖ คำนี้ไว้ให้ดี ๆ อย่าหาว่าเป็นคำธรรมดา หรือว่าเป็นเรื่องธรรมดา มันมีความลับอยู่ในนั้นมากมายนัก คือคำว่า ตา หู จมูก ลิ้น กาย ใจ เราเรียกเป็นภาษาไทยกันดีกว่า ภาษาบาลีชวนให้ยุ่งหัว อยากจะรู้ภาษาบาลีก็ไปดูปทานุกรมเอาเองก็ได้.

สิ่งที่สำคัญที่สุด หรือทั้งหมดของสิ่งที่เรียกว่า “ชีวิต” ก็ตาม หรือของความลับ เคล็ดลับของชีวิตก็ตาม มันสรุปรวมอยู่ที่ สิ่งที่เราเรียกกันว่า ตา หู จมูก ลิ้น กาย ใจ.

จากหนังสือความลับของชีวิต โดยพุทธทาสอินทปัญโญ

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Šta uzrokuje Inflaciju?
2. Da li nam je infacija potrebna?
3. Kako se meri inflacija?
4. Da li inflacija pokreće ekonomski rast?
5. Da li inflacija pokreće ili umanjuje nejednakost bogatstva?
6. Gde se danas javlja inflacija?
7. Šta je deflacija?
8. Kakav uticaj inflacija ima na društvo?

Inflacija može da bude uznemirujuća tema, jer uključuje amorfni koncept novca. Međutim, inflacija je zapravo jednostavna tema koja je napravljena da bude složena razdvajanjem novca i drugih dobara. U ovom članku razlažemo inflaciju i njene uzroke.

Najjednostavnija definicija inflacije je rast cena dobara i usluga. Kada cene rastu, to takođe znači da vrednost jedinice novca – poput dolara – opada. Uzmimo primer McDonald’s hamburgera: 1955. ovaj skromni hamburger se prodavao za samo 15 centi. U 2018. godini se prodavao za 1,09 USD. U 2021. godini prodaje se za 2,49 USD – ogroman rast cene od 1650%.

To znači da je dolar izgubio dosta svoje vrednosti. 1955. godine mogli ste da kupite gotovo 7 hamburgera za novčanicu od jednog dolara. 2021. godine taj dolar vam ne bi kupio ni jedan hamburger. Zašto se čini da cene uvek rastu tokom vremena? I šta možete da učinite povodom toga? Ovaj članak ima za cilj da odgovori na ta pitanja.

Ekonomisti pokušavaju da sumiraju rast cena mnogih dobara i usluga kao jedan prosečan broj. Ovaj broj predstavlja promenu ukupnih troškova u godišnjim troškovima prosečnog potrošača, kao što su stanarina, hrana i gorivo.

U Sjedinjenim Državama ovaj broj je poznat kao Indeks Potrošačkih Cena, eng. Consumer Price Index (CPI). Kada se CPI poveća tokom određenog vremenskog perioda, ekonomisti kažu da imamo inflaciju. Kada se smanji, to se naziva deflacija.

Šta uzrokuje Inflaciju?

Mnogi izvori kažu da je stalna inflacija koju danas doživljavamo ili uzrokovana povećanjem potražnje (eng. demand-pull) ili smanjenjem ponude usled povećanih proizvodnih troškova (eng. cost-push).

Ovi razlozi nisu tačni – hajde da pogledamo zašto.

Da bismo razumeli pravi razlog inflacije, moramo da sagledamo dve vrste inflacije:

1. Inflacija Cena: Cene vremenom rastu.
2. Monetarna Inflacija: Količina valute u opticaju raste sa vremenom.

Prva, inflacija cena, retko se javlja tokom dužih perioda (decenije, vekovi) zbog povećane potražnje ili povećanih troškova. Zašto? Tržišta teže da se uravnoteže. Tokom istorije smo više puta videli da povećana potražnja za dobrom povećava njegovu cenu, što podstiče proizvođače da proizvode više tog dobra. Kada se ponuda poveća, cene se smanjuju.

Ovaj ciklus može da potraje nekoliko godina, i javlja se kod gotovo svake robe i „konačnog dobra“ (automobili, televizori, hrana itd.) na Zemlji. Izuzetak su retki metali poput zlata i srebra. Dokazi o tome su prikazani u nastavku.

Kada se poveća trošak za proizvodnju dobra, cena tog dobra često raste da bi pokrila te troškove. Ovaj rast cene dovodi do toga da potrošači tog dobra traže alternativu ili smanjuju potrošnju tog dobra, što dovodi do pada cena na prethodni nivo.

Na donja dva grafikona javlja se inflacija cena!

Tržište se prirodno uravnotežava, a cene se smanjuju ili povećanjem ponude ili smanjenjem potražnje.

Da li imamo dokaze da tržišta vremenom uravnotežuju ponudu i potražnju?

Podaci o cenama robe tokom vremena mogu nam dati bolje razumevanje da li tržišta zaista efikasno uravnotežuju ponudu i potražnju. Međutim, cene ne možemo da posmatramo u smislu nacionalnih valuta, jer naše vlade uvek štampaju više svojih nacionalnih valuta.

Oni sprovode monetarnu inflaciju, koja može da izazove inflaciju cena. Posmatranje tržišnih cena u smislu nacionalnih valuta, poput američkog dolara, je poput merenja visine lenjirom koji se neprestano smanjuje. Vaša visina u broju biće sve veća i veća, ali stvarna visina se ne menja.

Mi možemo da znamo da li tržišta uravnotežuju ponudu i potražnju gledajući cene dobara u smislu monetarnog dobra koje ima vrlo konzistentnu ponudu tokom vremena.

Vremenom se pokazalo da zlato ima najmanju monetarnu inflaciju od svih postojećih valuta i dobara. To čini zlato odličnim ‘lenjirom’ za merenje da li tržišta vremenom uravnotežuju ponudu i potražnju. Da bismo bolje razumeli inflaciju cena tokom vremena, pitaćemo koliko unci zlata nešto košta tokom vremena.

Cene u zlatu pokazuju nam da se tržišta vremenom uravnotežuju

Ako cene dobara posmatramo u obliku zlata, vidimo da cene robe prate srednje tačke tokom dužih vremenskih perioda.

Nafta, na primer, je vrlo nestabilna, ali ima tendenciju da se kreće oko 2,5 grama zlata po barelu.

WTI Sirova Nafta u gramima Zlata po Barelu

Cena nafte je promenljiva, ali tokom decenija ima tendenciju da se kreće po strani.

Cene kuća tokom proteklih 10 godina takođe su prilično stabilne, iako imamo fiksnu količinu zemlje na planeti. Vidimo da cene kuća u pogledu zlata imaju tendenciju da variraju oko indeksne cene od oko 80, prikazane na grafikonu.

Shiller-ov US indeks cena kuća u USD i zlatu

Ovaj grafikon je na logaritamskoj skali, što nam omogućava da vizualizujemo zapanjujuća povećanja u zelenoj liniji, koja predstavlja domove u dolarima.

Grafički izražene u američkim dolarima, cene ovih dobara uvek rastu – baš kao i McDonald’s hamburger. Da su povećana potražnja ili povećani troškovi odgovorni za konstantnu inflaciju cena, takođe bismo videli kako se cena ove robe povećava u smislu zlata. Podaci iznad pokazuju da su cene konstantne.

Moraju da postoje i drugi razlozi za upornu inflaciju cena koju smo videli u dolarskim iznosima tokom proteklog veka.

Evo šta znamo o tome šta dugoročno utiče na cene, kao u periodu od 1955. do 2018. godine:

1. Rast produktivnosti uzrokovan inovacijama, što dovodi do pada cena tokom vremena
2. Monetarna inflacija – štampanje velikih količina valute – koja uzrokuje porast cena denominovanih u toj valuti tokom vremena

Znamo da cene izražene u dolarima, eurima i ostalim valutama neprestano rastu. Ako ne mislimo da naša produktivnost kao društva ide unazad, postoji samo jedan jednostavan razlog za inflaciju cena: štampanje većih količina valute, iliti monetarna inflacija.

Naše vlade i banke su zapravo prilično iskrene u pogledu zapanjujućih količina valute koje štampaju. Oni nam svakodnevno govore da oni uzrokuju monetarnu inflaciju.

Da li nam je infacija potrebna?

Bez uporne monetarne inflacije (koja uzrokuje inflaciju cena), naša celokupna savremena ekonomija bi se srušila.

The Guardian

Dozvolite da vam objasnim. Sledeći odeljak može da bude šokantan, i ohrabrujem vas da i sami istražite ukoliko mislite da nisam u pravu.

Kada centralne banke i komercijalne banke daju zajmove, one stvaraju novu valutu.

Kada centralne banke daju zajmove vladama “kupujući državni dug”, one stvaraju novu valutu kada to urade. To omogućava vladama da vode budžetski deficit trošeći više nego što uzimaju od poreza. U tom procesu državni dug se nagomilava.

Komercijalne banke stvaraju novu valutu kada daju zajmove fizičkim licima i preduzećima. Jedino ograničenje koliko novog novca mogu da stvore je zakonski zahtev da banka ima na raspolaganju određeni procenat od ukupnog iznosa novca koji su ljudi deponovali. Zbog toga je naš bankarski sistem poznat kao delimična rezerva – banke pri ruci moraju da imaju samo deo vašeg novca.

Osnovni Bankarski Ciklus Frakcionih Rezervi

Stvaranje valute je neophodno da bi održalo sistem u životu

Budući da se svi zajmovi uglavnom sastoje od novostvorene valute, mora se stvoriti još više valute da bi se taj dug otplatio. A evo i zašto:

Recimo da su prošle godine sve svetske kreditne aktivnosti dovele do stvaranja 100 milijardi dolara. Svih tih 100 milijardi dolara je novostvoreno, i one se duguju bankama sa nekom dodatnom vrednošću za kamate. Odakle dolazi ova dodatna valuta za plaćanje kamata? Budući da ovde govorimo o celokupnoj svetskoj ekonomiji, to plaćanje kamata mora da dodje iz nove količine novostvorene valute.

Sve jedinice današnjih valuta nastale su pozajmljivanjem, a isplata kamate na te zajmove znači da moramo stalno da stvaramo još više nove valute. To dovodi do beskrajne monetarne inflacije. Kada nova valuta cirkuliše kroz ekonomiju, to dovodi do porasta cena: inflacije cena.

Previše monetarne inflacije može dovesti do hiperinflacije cena. U Venecueli je krajem 2018. godine piletina koštala preko 14 miliona Bolivara. Izvor: NBC News

Monetarni sistem se raspada ako se ova monetarna inflacija zaustavi, jer bi to značilo da veliki broj onih koji su uzeli zajam širom sveta ne bi mogao da vrati novac koji su pozajmili – oni ne bi izmirili svoje dugove.

Banke ili zajmodavci koji drže dug tada bi imali bezvrednu imovinu. Budući da vrednost duga podupire vrednost valute, vrednost valute bi strmoglavo padala zajedno sa dugom.

Kada ljudi izgube poverenje u ’tradicionalnu’ valutu, ona brzo postane bezvredna. To se dogodilo u Nemačkoj nakon Prvog svetskog rata, u Peruu devedesetih, Jugoslaviji 1994. ,Zimbabveu, Venecueli i sa još bezbroj drugih tradicionalnih valuta. Da bi odložile ovaj neizbežni ishod dokle god mogu, centralne banke jačaju poverenje u sistem nastavljajući da štampaju valutu stabilnim kursom.

Ovo osigurava da većina ljudi koju su uzeli zajam ima valutu za otplatu svojih kredita. Upravo to se dešava kada vlada izvrši „spas“ kao 2008. ili 2020. – oni osiguravaju da svi imaju dovoljno novca za plaćanje dugova, tako da laž može da se nastavi.

Inflacija ne dolazi iz povećanja potražnje

Sa više valute u opticaju, monetarna inflacija može da izgleda kao povećanje potražnje. Međutim, ekonomisti koji kažu da povećana potražnja pokreće stabilnu inflaciju tokom decenija propuštaju suptilnu poentu: iako monetarna inflacija može da prouzrokuje veću potrošnju, to nije zato što su ljudi zaista bogatiji, već zato što veruju da su bogatiji.

Kada se puno novca ubrizga u ekonomiju, cene jednostavno rastu jer više valute pokriva istu količinu robe. Rast cena znači pad vrednosti valute, tako da nema realnog povećanja stvarnog bogatstva, iako ljudi možda “troše više” u nominalnom iznosu valute.

Uzmimo ovaj primer: vi mesečno zarađujete 1.500 EUR, i prema svom trenutnom načinu života vi mesečno trošite oko 1.500 EUR. Dolazi vlada i počinje da vam daje dodatnih 500 EUR svakog meseca – vi se osećate poprilično dobro, zar ne? Sada možete da izlazite češće u restoran.

Međutim, vlada daje svima po 500 EUR mesečno, i svi ostali takođe troše taj novac. Ekonomista u vladinoj kancelariji, vidi da sada svi troše tih dodatnih 500 EUR mesečno i zaključuje da je vlada ‘stimulisala ekonomiju’.

Ipak, kako sav taj dodatni novac kruži ekonomijom, cene prirodno rastu. Sada vam je potrebno 2.000 EUR da biste održali svoj trenutni način života.

Da li si nešto bogatiji?

Vi možda imate više eura na vašem bankovnom računu, ali svaki od njih vam kupuje manje. Sada trošite 2.000 EUR mesečno da biste živeli životnim stilom koji vas je nekada koštao samo 1.500 EUR mesečno.

Ovo je ono što monetarna inflacija radi, i zašto je toliko pametnih ekonomista zavarano da misle da povećana potražnja, radije nego štampanje novca, pokreće trajnu inflaciju cena.

Da li smo uvek imali inflaciju?

Stalna inflacija cena relativno je nedavna pojava u modernim ekonomijama i započela je u vreme kada su Sjedinjene Države počele da konstantno štampaju valutu. Ako bi promene ponude i potražnje zaista dugoročno uzrokovale inflaciju cena, videli bismo inflaciju cena tokom istorije. Podaci govore drugačiju priču.

Indeks potrošačkih cena, koji se povećava kada imamo inflaciju cena, bio je prilično konstantan pre početka našeg trenutnog tradicionalnog ’fiat’ monetarnog sistema.

Taj sistem je započeo Bretton Woods-ovim sporazumom iz 1945. godine, a ubrzao se kada je Nixon 1971. okončao svetski zlatni standard.

Indeks potrošačkih cena, Sjedinjene Države, 1775-2012

Kako se meri inflacija?

Inflacija cena se često prikazuje kao promena indeksa potrošačkih cena (CPI). CPI je prosek cena raznih dobara koje ljudi kupuju u svakodnevnom životu: hrane, goriva, stanovanja itd. U Sjedinjenim Državama, vladin odsek pod nazivom Biro za statistiku rada (BLS) meri promene cena. To rade tako što posećuju maloprodajne radnje, beleže cene, računaju prosek i izveštavaju godišnju inflaciju kao promenu u odnosu na prošlu godinu.

Stopa inflacije koja se izveštava, je važna svima jer se koristi za određivanje povećanja troškova života i socijalnih davanja, poput plaćanja socijalnog osiguranja. Kada se CPI prilagodi naniže, isplate zarada i naknada su manje nego što bi trebalo da budu.

Efekti su se vremenom sjedinili: osoba koja u svojoj prvoj godini rada zaradi 40.000 USD zarađivaće samo 52.000 USD u svojoj desetoj godini staža, sa povećanim troškovima života od 3% da bi se plata podudarala sa inflacijom. Ako bi vlada umesto toga prijavila inflaciju od 6%, ta osoba bi u svojoj desetoj godini zarađivala 67.500 USD – tj. oko 30% više. Način na koji izračunavamo i prijavljujemo inflaciju ima ogroman uticaj na zaradu većine zaposlenih i građana.

Ovo je inflacija (procentualna promena u CPI) izmerena u poslednjih 10 godina u Sjedinjenim Državama:

Prvobitno je BLS jednostavno beležio cenu korpe robe široke potrošnje svake godine. Međutim, istraživanje Boskinove Komisije 1996. godine dovelo je do novih alata koji Birou za statistiku rada omogućavaju prilagođavanje cena u CPI. Dva najvažnija alata su geometrijsko ponderisanje i hedonika.

Geometrijsko Ponderisanje

Geometrijsko ponderisanje znači da kupovne navike sada mogu da utiču na to koliko promena cene pojedinog dobra utiče na CPI. Ako potrošači kupe manje robe, ona ima manju težinu kada se ubaci u presek indeksa potrošačkih cena. Boskinova Komisija je tvrdila da bi ova promena pomogla da se promene sklonosti potrošača. Međutim, ne postoji način da se utvrdi da li ljudi menjaju svoje kupovne navike jer zapravo žele da kupuju različite stvari. Vrlo je moguće da ljudi kupuju manje određenog dobra jer ono raste u ceni. Stoga geometrijsko ponderisanje uzrokuje da roba sa velikim rastom cena ima manje uticaja na CPI, što dovodi do niže prijavljene inflacije.

Hedonika

Hedonika omogućava Birou za statistiku rada da menja cenu dobra na osnovu njegovog opaženog povećanja ‘korisnosti’ tokom vremena. Evo primera: recimo da se televizor sa rezolucijom od 720p 2009. godine prodavao za 200 USD. U 2010. godini isti model televizora sada ima rezoluciju od 1080p i prodaje se po istoj ceni: 200 USD. Međutim, pošto se tehnologija u televizoru poboljšala, zaposleni u Birou za statistiku rada mogu da izmisle ‘korisni’ broj i pomoću njega oduzmu deo vrednosti od cene televizora. Kao rezultat, BLS može da kaže da TV košta 180 USD u 2010. godini – iako je njegova cena 200 USD. Ovo dovodi do pada prijavljene inflacije.

Oba ova prilagođavanja smanjuju prijavljenu stopu inflacije, što smanjuje povećanje troškova života i isplate naknada za socijalno osiguranje. Koliko ta prilagođavanja inflacije pogađaju radničku klasu i penzionere? Neke procene, poput procena ekonomiste John Williams-a, sa koledža u Darmouthu, stavljaju stvarnu inflaciju u SAD na u proseku 3% – 6% više nego što je izveštavano od strane Bira za statistiku rada. To bi inflaciju u 2020 dovelo do 5% – 8%, umesto na prijavljenih 2%.

U 2021. godini prijavljena inflacija je 5.4%, u prvom kvartalu.

Da li inflacija pokreće ekonomski rast?

Mnogi ljudi veruju da stabilna inflacija pokreće ekonomski rast podstičući investicije i potrošnju umesto štednje. Međutim, osnovni ekonomski podaci pobijaju ovu uobičajenu tvrdnju.

Ako za primer uzmemo Sjedinjene Države, nacija je imala samo kratke periode inflacije od 1775. do oko 1950. godine, kao što pokazuje indeks potrošačkih cena koji je ostao nepromenjen. Inflacija dobija zamah tek nakon 1971. godine, pa bi bilo za očekivati da će i stopa rasta bruto domaćeg proizvoda (BDP) Sjedinjenih Država porasti nakon 1971. godine.

Indeks potrošačkih cena, Sjedinjene Države, 1775-2012

Međutim, vidimo da se bruto domaći proizvod (BDP) po stanovniku u Sjedinjenim Državama, uobičajena mera ekonomske snage, neprekidno povećavao od 1820. godine do danas po stopi od oko 1,85% godišnje. Ne postoji porast oko 1971. godine, uprkos rastućoj inflaciji koja je započela u to vreme.

Ovo je logaritamski grafikon, koji nam omogućava da bolje vizualizujemo rast tokom vremena: što više logaritamski grafikon podseća na pravu liniju, to je stopa promene konzistentnija. Za više detalja, ovde pogledajte naslov: Rast na tehnološkoj granici i rast dostizanja.

To pokazuje da inflacija ne pokreće ekonomski rast.

Nažalost, imamo dokaze da inflacija ima i druge neželjene posledice, poput nejednakosti bogatstva. Koncentracija bogatstva u top 1%, počela je da raste krajem 1970-ih, nekoliko godina nakon što su Sjedinjene Države skinule svet sa zlatnog standarda i pretvorile se u monetarni sistem zasnovan na dugovima koji zahteva monetarnu inflaciju, a time i inflaciju cena, da bi preživeo.

Za potpunu istoriju tranzicije novca sa robnog sistema na dužni sistem, pročitajte naš članak o novcu.

Da li inflacija pokreće ili umanjuje nejednakost bogatstva?

Veza između inflacije i nejednakosti bogatstva postaje jasna kada pogledamo kako novostvorena valuta ulazi u ekonomiju. Vlade, komercijalne banke, velike korporacije i bogati često koriste kredite da bi iskoristili prednosti svojih moći. Kada podignu kredite, oni novonastalu valutu dobijaju ranije od svih ostalih. Oni imaju koristi od inflacije trošenjem nove valute pre nego što cene počnu da rastu kao rezultat te nove valute koja kruži u ekonomiji. Veliki i bogati subjekti često mogu da dobiju kredite po nižim troškovima od prosečnog građanina ili malog preduzeća. To znači da mogu da povećaju svoje poslovanje i bogatstvo brže od manjih firmi.

Bogati mogu da dobiju jeftine zajmove, zahvaljujući Federalnim Rezervama koje zadržavaju niske kamatne stope. To im omogućava da koriste ovo prednost za ostvarivanje ogromne dobiti.

Inflacija pogadja one koji rade za platu i ne mogu da ulože veći deo svog prihoda. Zarade se polako menjaju, ponekad se uskladjuju samo jednom godišnje. Kao rezultat, cene osnovnih dobara i usluga često rastu mnogo pre nego što zarade porastu. Cena potrošačke korpe takođe se smanjuje sa manipulacijama indeksom potrošačkih cena (CPI) koji skriva rast inflacije.

Gde se danas javlja inflacija?

Rekordno visoka inflacija javlja se u zemljama kao što su Venecuela, Zimbabve, Turska, Iran, Kuba, Južna Afrika i Argentina. To dovodi do sloma trgovine i političke nestabilnosti.

Just incase no one knows what Durban looks like pic.twitter.com/x899TIlbkI

— Mohamed Yusuf (@_MohamedYusuf) July 13, 2021

U razvijenom svetu vlade izveštavaju o niskoj inflaciji cena. Međutim, globalni bankarski sistem stvara nove valute u tonama – u toku je velika monetarna inflacija. Centralne banke dovode do sve većeg stvaranja valuta snižavanjem kamatnih stopa. To dovodi do toga da korporacije i pojedinci mogu da uzimaju jeftinije kredite, a svaki kredit znači stvaranje nove valute. Od 2008. godine, gotovo sve glavne centralne banke postavile su kamatne stope blizu nule.

Mnoge centralne banke takođe su pozajmljivale ogromne iznose vladama i bankama koje su propale nakon finansijske krize 2008. godine. Za samo nekoliko meseci, ovo je udvostručilo (ponekad utrostručilo ili učetvorostručilo) novčanu masu mnogih nacija. Oni su ovo nazvali „kvantitativno ublažavanje“.

Ako banke koriste toliku monetarnu inflaciju, zašto onda mi ne vidimo inflaciju cena?

Jednostavno rečeno, većina nove valute nije dospela u ruke običnih ljudi. Kada obični ljudi budu mogli da potroše novoštampanu valutu na svoje svakodnevne potrebe, tada ćemo videti rast CPI i inflacije.

Danas većina valuta ulazi u svet putem bankarskih zajmova, pa banke igraju veliku ulogu u tome gde se dešava inflacija. Banke prvenstveno pozajmljuju vrlo ‘sigurnim’ klijentima poput bogatih pojedinaca, vlada i velikih korporacija. Ovi subjekti kupuju luksuznu robu, umetnička dela, finansijsku imovinu i državne obveznice.

Cene ovih vrsta imovine nisu uključene u CPI, tako da je prijavljena inflacija niska. Kao rezultat, povećanje plata i isplate socijalnog osiguranja su takođe na niskom nivou.

Bogati su uživali u periodu od 2008. do 2021. godine, kada je njihova imovina upumpavana sa velikom količinom novog novca proizvedenog od bankarskih kredita!

Šta se dešava kada nova valuta dodje u ruke običnih ljudi?

Nažalost, jednog dana će sva ova nova valuta da uđe u normalnu ekonomiju i time će se povećati cene svakodnevne robe. To je poćelo da se dešava 2021. godine kao rezultat stimulativnih programa COVID-19 u Sjedinjenim Državama, koji su ljudima distribuirali trilione dolara. Iako je ovo zasigurno poželjnije od spašavanja korporacija, svaka vrsta spašavanja koja uključuje štampanje novca ima gadne dugoročne efekte.

Ovo što sada doživljavamo dogodilo se u Nemačkoj tokom i posle Prvog svetskog rata. Cene u Nemačkoj su zapravo pale tokom Prvog svetskog rata uprkos velikom stvaranju valute od strane Nemačke centralne banke. Nisko poverenje u ekonomiju sprečavalo je nemački narod da troši novac. Međutim, kad se rat završio i kada su ljudi ponovo počeli da ga troše, cene su vrlo naglo skočile i valuta je postala bezvredna. To bi moglo da se dogodi 2020-ih u Sjedinjenim Državama, sa obzirom na predložene programe podsticaja.

Politike poput Univerzalnog Osnovnog Dohotka, eng. Universal Basic Income (UBI), koje izgledaju pogodne za njihova obećanja da će “spasiti ljude”, takođe mogu da pokrenu hiperinflaciju. Obični ljudi bi se osećali imućnije, trošili bi svoju novoštampanu valutu i doveli do brzog rasta cena. Ovo bi u suštini poništilo pozitivan uticaj građana koji dobijaju “besplatan novac” svakog meseca.

Pa kako onda vi možete da zaštitite svoju ušteđevinu od inflacije? Kupujte imovinu koja je retka, potcenjena i koju vlade teško mogu da prigrabe. Ova imovina su plemeniti metali poput zlata, i Bitcoin.

Šta je deflacija?

Deflacija znači pad cena tokom vremena. Mnogi ekonomisti kažu da će ovo dovesti do toga da ljudi gomilaju valutu i da će dovesti do ekonomskog kolapsa, jer ljudi prestaju da kupuju robu i ulažu u preduzeća. To jednostavno nije tačno, jer ljudi uvek imaju potrebe i želje zbog kojih kupuju odredjenu robu. Stalni pad cena tokom vremena jednostavno bi promenio psihologiju potrošačke kulture u kojoj živimo.

Potrošačka kultura potiče od inflacije

Kako je to istina? Pogledajmo na sledećem primeru. Recimo da želite novi auto i da imate dovoljno novca da ga kupite. Poznato je da u našem svetu zbog stalne inflacije vaš novac vremenom postaje sve manje i manje vredan. U paralelnom svemiru u kojem se javlja stalna deflacija, vaš novac vremenom postaje sve vredniji.

• Uz konstantnu inflaciju, auto će koštati nešto više sledeće godine, i nešto više naredne godine. Niste sigurni gde da uložite novac da biste sa vremenom sigurno očuvali njegovu kupovnu moć. Ako niste sigurni da li ćete da kupite auto, ima više finansijskog smisla da ga kupite odmah, da biste dobili najbolju ponudu.
• Uz konstantnu deflaciju, auto će koštati nešto manje sledeće, i još manje naredne godine. Ako samo čuvate vaš novac, sledeće godine ćete dobiti bolju ponudu za auto. Ako niste sigurni da li ćete da kupite auto, ima više finansijskog smisla da sačekate malo duže da biste dobili bolju ponudu.

Sada razmislite o ta dva scenarija, pomnožena bilionima ljudi i proizvoda. Uz konstantnu inflaciju, svako ima malo više razloga da kupuje stvari upravo sada. Uz konstantnu deflaciju, svi sada imaju malo manje razloga da kupuju. Upravo na taj način inflacija je u osnovi naše materijalističke, potrošačke kulture. Deflacija bi mogla da bude lek.

Inflacija uzrokuje loše investicije

Vaš novac godišnje gubi “2%” svoje vrednosti zbog inflacije. Sada, recimo da vas Stefan pita da investirate u njegov Fast food. Nakon uvida u brojeve, verujete da ćete ovom investicijom izgubiti 1% od vrednosti svog novca. Gubitak od 1% u Stefanovom poslu bolji je od gubitka od 2% zbog inflacije, pa se vi odlučujete da uložite. Ovo je loša investicija, eng. malinvestment – investirajući vi ćete da izgubite deo vrednosti. Međutim, čuvanje valute je još gore, zato ulažete.

Loša investicija: isto kao bacanje novca u smeće.

Mnogi investitori, poput penzijskih fondova, danas su prisiljeni da investiraju u neprofitabilne biznise zbog investicionih mandata i same veličine njihove ‘imovine pod upravljanjem’.

Pristalice konstantno niske inflacije veruju da bi deflacija smanjila investicije. Međutim, to bi samo smanjilo ulaganje u preduzeća sa negativnim očekivanim prinosom poput Stefanovog Fast food-a. Na primer, recimo da je deflacija u proseku oko 2% godišnje. Na ovom tržištu investitori bi jednostavno prestali da ulažu u projekte za koje misle da će im zaraditi manje od 2% godišnjeg povrata ulaganja.

Neznatno deflaciona valuta obeshrabriće ulaganja u lažna i loša preduzeća i podstaći ulaganje u solidna preduzeća koja svetu dodaju vrednost.

Kakav uticaj inflacija ima na društvo?

Inflacija pokreće povećanu potrošnju, smanjenu štednju i povećani dug. Sve ove stvari dovode do toga da većina ljudi mora da radi više sati i duže u starosti. Iako inflacija kažnjava one koji rade za platu, ona obogaćuje vlasnike bilo koje imovine koja dobija na ceni kada nova valuta uđe u sistem. Ova imovina uključuje akcije, umetnička dela, nekretnine i drugu imovinu koju bogataši koriste za čuvanje svog bogatstva.

Vremenom ljudi i firme izmišljaju nove načine za jeftinije stvaranje dobara i usluga višeg kvaliteta. Ovo je poznato kao ‘rast produktivnosti’ i trebalo bi da uzrokuje da cene tokom vremena konstantno padaju, a ne da rastu. Samo konstantno stvaranje valute koje je neophodno zbog monetarnog sistema zasnovanog na dugu naše vlade uzrokuje stalnu inflaciju i njene loše efekte.

Ako vam se sviđa moj rad, molim vas da ga podelite sa svojim prijateljima i porodicom. Cilj mi je da svima pružim pogled u ekonomiju i na to kako ona utiče na njihov život.

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

@ 06639a38:655f8f71

You might notice the styling of this site has changed. That's because I've made a custom Drupal theme using TailwindCSS and daisyUI. For these CSS frameworks / components I've also seperate Drupal theme everyone could use:

https://www.drupal.org/project/tailwind_css 
https://www.drupal.org/project/daisy_ui 

What else?

1. Wrote my third OpenSats progress report, read it here
2. Added Nostr-PHP RelayListMetadata class (NIP-65) and tests, see PR
3. Added Nostr-PHP PersistentConnection class and tests, see PR

@ 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.

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

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

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

@ 8bf578f4:b6303c41

test

https://nostr.download/6849b84caaa15bdc18ca2e1e1ee00e979c7ecf901787e09054b4bd0196b4ea27.jpg

test svg

https://blossom.primal.net/23d3e78fd18be99650f412746afd787242ab0e044df05d76a45131ab1e03a540.svg

https://blossom.primal.net/23be53cda2a50843f91925ad7c4151dbfd9a883100740e1b685a56eb71b0cf67.svg

@ cae03c48:2a7d6671

Bitcoin Magazine

Adam Back Invests SEK 21 Million to H100 Group Bitcoin Treasury Strategy

Today, H100 Group AB announced it has entered a SEK 21 million convertible loan from an investment agreement with Adam Back, with the option to expand his investment to SEK 277 million through a five-tranche convertible loan deal. The proceeds will be used to buy Bitcoin in alignment with H100 Group’s long-term Bitcoin treasury strategy.

H100 Group AB (Ticker: H100) secures a SEK 21M ($2.1M) commitment from @adam3us , with rights to invest an additional SEK 128M ($12.8M) in tranches—bringing the total contemplated raise to SEK 277M (~$27.7M). pic.twitter.com/c0HgMSRxut

— H100 (@H100Group) June 3, 2025

Under the agreement, Back may invest up to SEK 128 million across four additional tranches, with guaranteed participation of at least 50%. Each tranche is twice his committed amount, demonstrating his support for H100’s long-term growth.

The press release said, “Adam Back may request the Second Tranche within 90 days from signing of the Initial Tranche, the Third Tranche within 90 days from signing of the Second Tranche, the Fourth Tranche within 90 days from signing of the Third Tranche and the Fifth Tranche within ninety 90 days from signing of the Fourth Tranche. In the event Adam Back does not request a Future Tranche within the deadline, the right to request subsequent Future Tranches lapses.”

The convertible loans have no interest and have a five year maturity. At any time, Back may convert the loans into shares of the Company. Conversion prices are fixed per tranche: SEK 1.75 per share for the initial tranche, rising to SEK 5.00 by the fifth tranche. H100 retains the right to force conversion if the stock price exceeds the conversion rate by 33% over a 20 day period. Full conversion of the initial tranche would result in 12 million new shares and a 9.3% dilution.

“Upon request of a tranche Adam Back is obliged to invest in the relevant Tranche with SEK 15,750,000 in the second tranche, SEK 23,625,000 in the third tranche, SEK 35,437,500 in the fourth tranche, and SEK 53,156,250 in the fifth tranche,” stated the press release. “The contemplated size for each tranche is twice the entitled amount of Adam Back.”

“We have been around since 2014 and we work with our investors to put Bitcoin in a balance sheet back then and since then,” said Adam Back at the 2025 Bitcoin Conference. “I think the way to look at the treasury companies is that Bitcoin is effectively the harder rate. It’s very hard to outperform Bitcoin most people that invest in things since Bitcoin around thought I should put that in Bitcoin and not in the other thing.”

This post Adam Back Invests SEK 21 Million to H100 Group Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 2e8970de:63345c7a

https://www.wsj.com/finance/investing/wall-street-bond-market-us-debt-990e12e9?mod=hp_lead_pos7

https://stacker.news/items/996265