@ 20e7c953:3b8bcb21

21… That number means something. A reminder that limits create value - both in Bitcoin and in life.

Every June 21st, skaters around the world remind us that freedom is something you make yourself - one push at a time only constrained by your own limitations.

This year in Vientiane, we’re proud to support one of the few real skate spots in Laos. A place built and held together by skaters for skaters.

Expect around 50 locals - from young kids to older heads - showing up not just to skate, but to hold space for each other. No ego, no filters, just boards, fun and respect.

Bircoiners have lots to learn from these communities on this regard. Go skate and you'll find out.

SnF

Laostr

Skateboardingisfun

Skate4Fun

Skatestr

@ 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.

---

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• RoboSats v0.7.7-alpha is now available!

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

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

Source: RoboSats.

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

What's new

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

Source: RoboSats.

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

New contributors

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

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

GitHub Repo

@ 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

@ e4950c93:1b99eccd

Marques

Nordkidz est une marque allemande qui crée à la demande des vêtements et linges pour les bébés, les enfants, et un peu pour leurs parents.

Matières naturelles utilisées dans les produits

• Chanvre (biologique)
• Coton (biologique)
• Laine

⚠️ Attention, certains produits de cette marque contiennent des matières non naturelles, dont :

• Elasthanne, lycra, spandex

Catégories de produits proposés

Cette marque propose des produits intégralement en matière naturelle dans les catégories suivantes :

Vêtements

• Tailles vêtements : bébés, enfants, unisexe
• Hauts : pulls, t-shirts
• Bas : pantalons, pantalons de survêtement, shorts
• Tête et mains : bonnets, écharpes

Maison

• Linge : housses de pouf, langes, ponchos de bain

Autres informations

👉 En savoir plus sur le site de la marque

Où trouver leurs produits ?

• Nordkidz (en allemand, zone de livraison : Allemagne et Union Européenne) 💚 Via ce lien vous soutenez directement la marque.

---

📝 Tu peux contribuer à cette fiche en suggérant une modification en commentaire.

🗣️ Tu utilises des produits de cette marque ? Partage ton avis en commentaire.

⚡ Heureu-x-se de trouver cette information ? Soutiens le projet en faisant un don pour remercier les contribut-eur-ice-s.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• The latest firmware updates for COLDCARD devices introduce two major features: COLDCARD Co-sign (CCC) and Key Teleport between two COLDCARD Q devices using QR codes and/or NFC with a website.

What's new

• COLDCARD Co-Sign: When CCC is enabled, a second seed called the Spending Policy Key (Key C) is added to the device. This seed works with the device's Main Seed and one or more additional XPUBs (Backup Keys) to form 2-of-N multisig wallets.
  • The spending policy functions like a hardware security module (HSM), enforcing rules such as magnitude and velocity limits, address whitelisting, and 2FA authentication to protect funds while maintaining flexibility and control, and is enforced each time the Spending Policy Key is used for signing.
  • When spending conditions are met, the COLDCARD signs the partially signed bitcoin transaction (PSBT) with the Main Seed and Spending Policy Key for fund access. Once configured, the Spending Policy Key is required to view or change the policy, and violations are denied without explanation.

"You can override the spending policy at any time by signing with either a Backup Key and the Main Seed or two Backup Keys, depending on the number of keys (N) in the multisig."

• A step-by-step guide for setting up CCC is available here.

• Key Teleport for Q devices allows users to securely transfer sensitive data such as seed phrases (words, xprv), secure notes and passwords, and PSBTs for multisig. It uses QR codes or NFC, along with a helper website, to ensure reliable transmission, keeping your sensitive data protected throughout the process.

  • For more technical details, see the protocol spec.

"After you sign a multisig PSBT, you have option to “Key Teleport” the PSBT file to any one of the other signers in the wallet. We already have a shared pubkey with them, so the process is simple and does not require any action on their part in advance. Plus, starting in this firmware release, COLDCARD can finalize multisig transactions, so the last signer can publish the signed transaction via PushTX (NFC tap) to get it on the blockchain directly."

• Multisig transactions are finalized when sufficiently signed. It streamlines the use of PushTX with multisig wallets.
• Signing artifacts re-export to various media. Users are now provided with the capability to export signing products, like transactions or PSBTs, to alternative media rather than the original source. For example, if a PSBT is received through a QR code, it can be signed and saved onto an SD card if needed.
• Multisig export files are signed now. Public keys are encoded as P2PKH address for all multisg signature exports. Learn more about it here.
• NFC export usability upgrade: NFC keeps exporting until CANCEL/X is pressed.
• Added Bitcoin Safe option to Export Wallet.
• 10% performance improvement in USB upload speed for large files.
• Q: Always choose the biggest possible display size for QR.

Fixes

• Do not allow change Main PIN to same value already used as Trick PIN, even if Trick PIN is hidden.
• Fix stuck progress bar under Receiving... after a USB communications failure.
• Showing derivation path in Address Explorer for root key (m) showed double slash (//).
• Can restore developer backup with custom password other than 12 words format.
• Virtual Disk auto mode ignores already signed PSBTs (with “-signed” in file name).
• Virtual Disk auto mode stuck on “Reading…” screen sometimes.
• Finalization of foreign inputs from partial signatures. Thanks Christian Uebber!
• Temporary seed from COLDCARD backup failed to load stored multisig wallets.
• Destroy Seed also removes all Trick PINs from SE2.
• Lock Down Seed requires pressing confirm key (4) to execute.
• Q only: Only BBQr is allowed to export Coldcard, Core, and pretty descriptor.

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ 7f6db517:a4931eda

What is KYC/AML?

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

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

Lists of Bitcoiners

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

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

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

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

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

---

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

This update brings key enhancements for clarity and usability:

• Recent Blocks View: Added to the Send tab and inspired by Mempool's visualization, it displays the last 2 blocks and the estimated next block to help choose fee rates.
• Camera System Overhaul: Features a new library for higher resolution detection and mouse-scroll zoom support when available.
• Vector-Based Images: All app images are now vectorized and theme-aware, enhancing contrast, especially in dark mode.
• Tor & P2A Updates: Upgraded internal Tor and improved support for pay-to-anchor (P2A) outputs.
• Linux Package Rename: For Linux users, Sparrow has been renamed to sparrowwallet (or sparrowserver); in some cases, the original sparrow package may need manual removal.
• Additional updates include showing total payments in multi-payment transaction diagrams, better handling of long labels, and other UI enhancements.

• Sparrow v2.2.1 is a bug fix release that addresses missing UUID issue when starting Tor on recent macOS versions, icons for external sources in Settings and Recent Blocks view, repackaged .deb installs to use older gzip instead of zstd compression, and removed display of median fee rate where fee rates source is set to Server.

Learn how to get started with Sparrow wallet:

Release notes (v2.2.0)

• Added Recent Blocks view to Send tab.
• Converted all bitmapped images to theme aware SVG format for all wallet models and dialogs.
• Support send and display of pay to anchor (P2A) outputs.
• Renamed sparrow package to sparrowwallet and sparrowserver on Linux.
• Switched camera library to openpnp-capture.
• Support FHD (1920 x 1080) and UHD4k (3840 x 2160) capture resolutions.
• Support camera zoom with mouse scroll where possible.
• In the Download Verifier, prefer verifying the dropped file over the default file where the file is not in the manifest.
• Show a warning (with an option to disable the check) when importing a wallet with a derivation path matching another script type.
• In Cormorant, avoid calling the listwalletdir RPC on initialization due to a potentially slow response on Windows.
• Avoid server address resolution for public servers.
• Assume server address is non local for resolution failures where a proxy is configured.
• Added a tooltip to indicate truncated labels in table cells.
• Dynamically truncate input and output labels in the tree on a transaction tab, and add tooltips if necessary.
• Improved tooltips for wallet tabs and transaction diagrams with long labels.
• Show the address where available on input and output tooltips in transaction tab tree.
• Show the total amount sent in payments in the transaction diagram when constructing multiple payment transactions.
• Reset preferred table column widths on adjustment to improve handling after window resizing.
• Added accessible text to improve screen reader navigation on seed entry.
• Made Wallet Summary table grow horizontally with dialog sizing.
• Reduced tooltip show delay to 200ms.
• Show transaction diagram fee percentage as less than 0.01% rather than 0.00%.
• Optimized and reduced Electrum server RPC calls.
• Upgraded Bouncy Castle, PGPainless and Logback libraries.
• Upgraded internal Tor to v0.4.8.16.
• Bug fix: Fixed issue with random ordering of keystore origins on labels import.
• Bug fix: Fixed non-zero account script type detection when signing a message on Trezor devices.
• Bug fix: Fixed issue parsing remote Coldcard xpub encoded on a different network.
• Bug fix: Fixed inclusion of fees on wallet label exports.
• Bug fix: Increase Trezor device libusb timeout.

Linux users: Note that the sparrow package has been renamed to sparrowwallet or sparrowserver, and in some cases you may need to manually uninstall the original sparrow package. Look in the /opt folder to ensure you have the new name, and the original is removed.

What's new in v2.2.1

• Updated Tor library to fix missing UUID issue when starting Tor on recent macOS versions.
• Repackaged .deb installs to use older gzip instead of zstd compression.
• Removed display of median fee rate where fee rates source is set to Server.
• Added icons for external sources in Settings and Recent Blocks view
• Bug fix: Fixed issue in Recent Blocks view when switching fee rates source
• Bug fix: Fixed NPE on null fee returned from server

Announcement / Archive
GitHub Repo

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

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

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

What's new in v1.3

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

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

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ dfa02707:41ca50e3

Good morning (good night?)! The No Bullshit Bitcoin news feed is now available on Moody's Dashboard! A huge shoutout to sir Clark Moody for integrating our feed.

Headlines

• Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.

• The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
• Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
• Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.

• The Bank for International Settlements (BIS) wants to contain 'crypto' risks. A report titled "Cryptocurrencies and Decentralised Finance: Functions and Financial Stability Implications" calls for expanding research into "how new forms of central bank money, capital controls, and taxation policies can counter the risks of widespread crypto adoption while still fostering technological innovation."
• "Global Implications of Scam Centres, Underground Banking, and Illicit Online Marketplaces in Southeast Asia." According to the United Nations Office on Drugs and Crime (UNODC) report, criminal organizations from East and Southeast Asia are swiftly extending their global reach. These groups are moving beyond traditional scams and trafficking, creating sophisticated online networks that include unlicensed cryptocurrency exchanges, encrypted communication platforms, and stablecoins, fueling a massive fraud economy on an industrial scale.
• Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
• Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.

"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.

• Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.

Use the tools

• Bitcoin Safe v1.2.3 expands QR SignMessage compatibility for all QR-UR-compatible hardware signers (SpecterDIY, KeyStone, Passport, Jade; already supported COLDCARD Q). It also adds the ability to import wallets via QR, ensuring compatibility with Keystone's latest firmware (2.0.6), alongside other improvements.
• Minibits v0.2.2-beta, an ecash wallet for Android devices, packages many changes to align the project with the planned iOS app release. New features and improvements include the ability to lock ecash to a receiver's pubkey, faster confirmations of ecash minting and payments thanks to WebSockets, UI-related fixes, and more.
• Zeus v0.11.0-alpha1 introduces Cashu wallets tied to embedded LND wallets. Navigate to Settings > Ecash to enable it. Other wallet types can still sweep funds from Cashu tokens. Zeus Pay now supports Cashu address types in Zaplocker, Cashu, and NWC modes.
• LNDg v1.10.0, an advanced web interface designed for analyzing Lightning Network Daemon (LND) data and automating node management tasks, introduces performance improvements, adds a new metrics page for unprofitable and stuck channels, and displays warnings for batch openings. The Profit and Loss Chart has been updated to include on-chain costs. Advanced settings have been added for users who would like their channel database size to be read remotely (the default remains local). Additionally, the AutoFees tool now uses aggregated pubkey metrics for multiple channels with the same peer.
• Nunchuk Desktop v1.9.45 release brings the latest bug fixes and improvements.
• Blockstream Green iOS v4.1.8 has renamed L-BTC to LBTC, and improves translations of notifications, login time, and background payments.
• Blockstream Green Android v4.1.8 has added language preference in App Settings and enables an Android data backup option for disaster recovery. Additionally, it fixes issues with Jade entry point PIN timeout and Trezor passphrase input.
• Torq v2.2.2, an advanced Lightning node management software designed to handle large nodes with over 1000 channels, fixes bugs that caused channel balance to not be updated in some cases and channel "peer total local balance" not getting updated.
• Stack Wallet v2.1.12, a multicoin wallet by Cypher Stack, fixes an issue with Xelis introduced in the latest release for Windows.
• ESP-Miner-NerdQAxePlus v1.0.29.1, a forked version from the NerdAxe miner that was modified for use on the NerdQAxe+, is now available.
• Zark enables sending sats to an npub using Bark.

• Erk is a novel variation of the Ark protocol that completely removes the need for user interactivity in rounds, addressing one of Ark's key limitations: the requirement for users to come online before their VTXOs expire.
• Aegis v0.1.1 is now available. It is a Nostr event signer app for iOS devices.
• Nostash is a NIP-07 Nostr signing extension for Safari. It is a fork of Nostore and is maintained by Terry Yiu. Available on iOS TestFlight.
• Amber v3.2.8, a Nostr event signer for Android, delivers the latest fixes and improvements.
• Nostur v1.20.0, a Nostr client for iOS, adds

@ 3eab247c:1d80aeed

Global Metrics

Here are the top stats from the last period:

• Total Bitcoin-accepting merchants: 15,306 → 16,284
• Recently verified (1y): 7,540 → 7,803 (the rest of our dataset is slowly rotting; help us before it's too late!)
• Avg. days since last verification: 398 → 405 (more mappers, please)
• Merchants boosted: 22 (for a total of 4,325 days, someone is feeling generous)
• Comments posted: 34

Find current stats over at the 👉 BTC Map Dashboard.

Merchant Adoption

Steak n’ Shake

The US 🇺🇸 is a massive country, yet its BTC Map footprint has been lagging relative to other countries ... that is until now!

In what came as a nice surprise to our Shadowy Supertaggers 🫠, the Steak ’n Shake chain began accepting Bitcoin payments across hundreds of its locations nationwide (with some international locations too).

According to CoinDesk, the rollout has been smooth, with users reporting seamless transactions powered by Speed.

This marks a significant step towards broader Bitcoin adoption in the US. Now to drop the capital gains tax on cheesburgers!

SPAR Switzerland

In other chain/franchise adoption news, the first SPAR supermarket in Switzerland 🇨🇭 to begin accepting Bitcoin was this one in Zug. It was quickly followed by this one in Rossrüti and this one in Kreuzlingen, in what is believed to be part of a wider roll-out plan within the country powered by DFX's Open CryptoPay.

That said, we believe the OG SPAR crown goes to SPAR City in Arnhem Bitcoin City!

New Features

Merchant Comments in the Web App

Web App users are now on par with Android users in that they can both see and make comments on merchants.

This is powered by our tweaked API that enables anyone to make a comment as long as they pass the satswall fee of 500 sats. This helps keep spam manageable and ensure quality comments.

And just in case you were wondering what the number count was on the merchant pins - yep, they're comments!

Here is an 👉 Example merchant page with comments.

Merchant Page Design Tweaks

To support the now trio of actions (Verify, Boost & Comment) on the merchant page, we've re-jigged the design a little to make things a little clearer.

What do you think?

Technical

Codebase Refactoring

Thanks to Hannes’s contributions, we’ve made progress in cleaning-up the Web App's codebase and completing long overdue maintenance. Whilst often thankless tasks, these caretaking activities help immensely with long-term maintainability enabling us to confidently build new features.

Auth System Upgrades

The old auth system was held together with duct tape and prayers, and we’re working on a more robust authentication system to support future public API access. Updates include:

• Password hashing
• Bearer token support
• Improved security practices

More enhancements are in progress and we'll update you in the next blog post.

Better API Documentation

Instead of relying on tribal knowledge, we're finally getting around to writing actual docs (with the help/hindrance of LLMs). The "move fast, break everything" era is over; now we move slightly slower and break slightly less. Progress!

Database Improvements

We use SQLite, which works well but it requires careful handling in async Rust environments. So now we're untangling this mess to avoid accidental blocking queries (and the ensuing dumpster fires).

Backup System Enhancements

BTC Map data comes in three layers of fragility:

• Merchants (backed up by OS - the big boys handle this)
• Non-OSM stuff (areas, users, etc. - currently stored on a napkin)
• External systems (Lightning node, submission tickets - pray to Satoshi)

We're now forcing two core members to backup everything, because redundancy is good.

Credits

Thanks to everyone who directly contributed to the project this period:

• Comino
• descubrebitcoin
• Hannes
• Igor Bubelov
• Nathan Day
• Rockedf
• Saunter
• SiriusBig
• vv01f

Support Us

There are many ways in which you can support us:

• Become a Shadowy Supertagger and help maintain your local area or pitch-in with the never-ending global effort.

• Consider a zapping this note or make a donation to the to the project here.

@ 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.

@ 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

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

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

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

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

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

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

Current Nostr Stats

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• 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

@ 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

@ b1ddb4d7:471244e7

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

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

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

First Steps

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Building on Bitcoin

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

@ 7f6db517:a4931eda

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.

@ dfa02707:41ca50e3

News

• Bitcoin mining centralization in 2025. According to a blog post by b10c, Bitcoin mining was at its most decentralized in May 2017, with another favorable period from 2019 to 2022. However, starting in 2023, mining has become increasingly centralized, particularly due to the influence of large pools like Foundry and the use of proxy pooling by entities such as AntPool.

Source: b10c's blog.

• OpenSats announces the eleventh wave of Nostr grants. The five projects in this wave are the mobile live-streaming app Swae, the Nostr-over-ham-radio project HAMSTR, Vertex—a Web-of-Trust (WOT) service for Nostr developers, Nostr Double Ratchet for end-to-end encrypted messaging, and the Nostr Game Engine for building games and applications integrated with the Nostr ecosystem.
• New Spiral grantee: l0rinc. In February 2024, l0rinc transitioned to full-time work on Bitcoin Core. His efforts focus on performance benchmarking and optimizations, enhancing code quality, conducting code reviews, reducing block download times, optimizing memory usage, and refactoring code.
• Project Eleven offers 1 BTC to break Bitcoin's cryptography with a quantum computer. The quantum computing research organization has introduced the Q-Day Prize, a global challenge that offers 1 BTC to the first team capable of breaking an elliptic curve cryptographic (ECC) key using Shor’s algorithm on a quantum computer. The prize will be awarded to the first team to successfully accomplish this breakthrough by April 5, 2026.
• Unchained has launched the Bitcoin Legacy Project. The initiative seeks to advance the Bitcoin ecosystem through a bitcoin-native donor-advised fund platform (DAF), investments in community hubs, support for education and open-source development, and a commitment to long-term sustainability with transparent annual reporting.
  • In its first year, the program will provide support to Bitcoin hubs in Nashville, Austin, and Denver.
  • Support also includes $50,000 to the Bitcoin Policy Institute, a $150,000 commitment at the University of Austin, and up to $250,000 in research grants through the Bitcoin Scholars program.

"Unchained will match grants 1:1 made to partner organizations who support Bitcoin Core development when made through the Unchained-powered bitcoin DAF, up to 1 BTC," was stated in a blog post.

• Block launched open-source tools for Bitcoin treasury management. These include a dashboard for managing corporate bitcoin holdings and provides a real-time BTC-to-USD price quote API, released as part of the Block Open Source initiative. The company’s own instance of the bitcoin holdings dashboard is available here.

Source: block.xyz

• Bull Bitcoin expands to Mexico, enabling anyone in the country to receive pesos from anywhere in the world straight from a Bitcoin wallet. Additionally, users can now buy Bitcoin with a Mexican bank account.

"Bull Bitcoin strongly believes in Bitcoin’s economic potential in Mexico, not only for international remittances and tourism, but also for Mexican individuals and companies to reclaim their financial sovereignty and protect their wealth from inflation and the fragility of traditional financial markets," said Francis Pouliot, Founder and CEO of Bull Bitcoin.

• Corporate bitcoin holdings hit a record high in Q1 2025. According to Bitwise, public companies' adoption of Bitcoin has hit an all-time high. In Q1 2025, these firms collectively hold over 688,000 BTC, marking a 16.11% increase from the previous quarter. This amount represents 3.28% of Bitcoin's fixed 21 million supply.

Source: Bitwise.

• The Bitcoin Bond Company for institutions has launched with the aim of acquiring $1 trillion in Bitcoin over 21 years. It utilizes secure, transparent, and compliant bond-like products backed by Bitcoin.
• The U.S. Senate confirmed Paul Atkins as Chair of the Securities and Exchange Commission (SEC). At his confirmation hearing, Atkins emphasized the need for a clear framework for digital assets. He aims to collaborate with the CFTC and Congress to address jurisdiction and rulemaking gaps, aligning with the Trump administration's goal to position the U.S. as a leader in Bitcoin and blockchain finance.
• Ethereum developer Virgil Griffith has been released from custody. Griffith, whose sentence was reduced to 56 months, is now seeking a pardon. He was initially sentenced to 63 months for allegedly violating international sanctions laws by providing technical advice on using cryptocurrencies and blockchain technology to evade sanctions during a presentation titled 'Blockchains for Peace' in North Korea.
• No-KYC exchange eXch to close down under money laundering scrutiny. The privacy-focused cryptocurrency trading platform said it will cease operations on May 1. This decision follows allegations that the platform was used by North Korea's Lazarus Group for money laundering. eXch revealed it is the subject of an active "transatlantic operation" aimed at shutting down the platform and prosecuting its team for "money laundering and terrorism."
• Blockstream combats ESP32 FUD concerning Jade signers. The company stated that after reviewing the vulnerability disclosed in early March, Jade was found to be secure. Espressif Systems, the designer of the ESP32, has since clarified that the "undocumented commands" do not constitute a "backdoor."

• Bank of America is lobbying for regulations that favor banks over tech firms in stablecoin issuance. The bank's CEO Brian Moynihan is working with groups such as the American Bankers Association to advance the issuance of a fully reserved, 1:1 backed "Bank of America coin." If successful, this could limit stablecoin efforts by non-banks like Tether, Circle, and others, reports The Block.
• Tether to back OCEAN Pool with its hashrate. "As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity," said Tether CEO Paolo Ardoino.
• Bitdeer to expand its self-mining operations to navigate tariffs. The Singapore-based mining company is advancing plans to produce machines in the U.S. while reducing its mining hardware sales. This response is in light of increasing uncertainties related to U.S. trade policy, as reported by Bloomberg.
• Tether acquires $32M in Bitdeer shares. The firm has boosted its investment in Bitdeer during a wider market sell-off, with purchases in early to mid-April amounting to about $32 million, regulatory filings reveal.
• US Bitcoin miner manufacturer Auradine has raised $153 million in a Series C funding round as it expands into AI infrastructure. The round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and other existing investors. The firm raised to over $300 million since its inception in 2022.
• Voltage has partnered with BitGo to [enable](https://www.voltage.cloud/blog/bitgo-and-voltage-team-up-to-deliver-instant-bitcoin-and-stabl

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• 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.

This update brings key enhancements for clarity and usability:

• Recent Blocks View: Added to the Send tab and inspired by Mempool's visualization, it displays the last 2 blocks and the estimated next block to help choose fee rates.
• Camera System Overhaul: Features a new library for higher resolution detection and mouse-scroll zoom support when available.
• Vector-Based Images: All app images are now vectorized and theme-aware, enhancing contrast, especially in dark mode.
• Tor & P2A Updates: Upgraded internal Tor and improved support for pay-to-anchor (P2A) outputs.
• Linux Package Rename: For Linux users, Sparrow has been renamed to sparrowwallet (or sparrowserver); in some cases, the original sparrow package may need manual removal.
• Additional updates include showing total payments in multi-payment transaction diagrams, better handling of long labels, and other UI enhancements.

• Sparrow v2.2.1 is a bug fix release that addresses missing UUID issue when starting Tor on recent macOS versions, icons for external sources in Settings and Recent Blocks view, repackaged .deb installs to use older gzip instead of zstd compression, and removed display of median fee rate where fee rates source is set to Server.

Learn how to get started with Sparrow wallet:

Release notes (v2.2.0)

• Added Recent Blocks view to Send tab.
• Converted all bitmapped images to theme aware SVG format for all wallet models and dialogs.
• Support send and display of pay to anchor (P2A) outputs.
• Renamed sparrow package to sparrowwallet and sparrowserver on Linux.
• Switched camera library to openpnp-capture.
• Support FHD (1920 x 1080) and UHD4k (3840 x 2160) capture resolutions.
• Support camera zoom with mouse scroll where possible.
• In the Download Verifier, prefer verifying the dropped file over the default file where the file is not in the manifest.
• Show a warning (with an option to disable the check) when importing a wallet with a derivation path matching another script type.
• In Cormorant, avoid calling the listwalletdir RPC on initialization due to a potentially slow response on Windows.
• Avoid server address resolution for public servers.
• Assume server address is non local for resolution failures where a proxy is configured.
• Added a tooltip to indicate truncated labels in table cells.
• Dynamically truncate input and output labels in the tree on a transaction tab, and add tooltips if necessary.
• Improved tooltips for wallet tabs and transaction diagrams with long labels.
• Show the address where available on input and output tooltips in transaction tab tree.
• Show the total amount sent in payments in the transaction diagram when constructing multiple payment transactions.
• Reset preferred table column widths on adjustment to improve handling after window resizing.
• Added accessible text to improve screen reader navigation on seed entry.
• Made Wallet Summary table grow horizontally with dialog sizing.
• Reduced tooltip show delay to 200ms.
• Show transaction diagram fee percentage as less than 0.01% rather than 0.00%.
• Optimized and reduced Electrum server RPC calls.
• Upgraded Bouncy Castle, PGPainless and Logback libraries.
• Upgraded internal Tor to v0.4.8.16.
• Bug fix: Fixed issue with random ordering of keystore origins on labels import.
• Bug fix: Fixed non-zero account script type detection when signing a message on Trezor devices.
• Bug fix: Fixed issue parsing remote Coldcard xpub encoded on a different network.
• Bug fix: Fixed inclusion of fees on wallet label exports.
• Bug fix: Increase Trezor device libusb timeout.

Linux users: Note that the sparrow package has been renamed to sparrowwallet or sparrowserver, and in some cases you may need to manually uninstall the original sparrow package. Look in the /opt folder to ensure you have the new name, and the original is removed.

What's new in v2.2.1

• Updated Tor library to fix missing UUID issue when starting Tor on recent macOS versions.
• Repackaged .deb installs to use older gzip instead of zstd compression.
• Removed display of median fee rate where fee rates source is set to Server.
• Added icons for external sources in Settings and Recent Blocks view
• Bug fix: Fixed issue in Recent Blocks view when switching fee rates source
• Bug fix: Fixed NPE on null fee returned from server

Announcement / Archive
GitHub Repo

@ 7f6db517:a4931eda

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

---

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.

@ 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

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

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

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

What's new

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

Other changes

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

#FREESAMOURAI

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

Announcement / Archive
GitHub Repo

@ dfa02707:41ca50e3

Headlines

• Twenty One Capital is set to launch with over 42,000 BTC in its treasury. This new Bitcoin-native firm, backed by Tether and SoftBank, is planned to go public via a SPAC merger with Cantor Equity Partners and will be led by Jack Mallers, co-founder and CEO of Strike. According to a report by the Financial Times, the company aims to replicate the model of Michael Saylor with his company, MicroStrategy.
• Florida's SB 868 proposes a backdoor into encrypted platforms. The bill and its House companion have both passed through their respective committees and are headed to a full vote. If enacted, SB 868 would require social media companies to decrypt teens' private messages, ban disappearing messages, allow unrestricted parental access to private messages, and likely eliminate encryption for all minors altogether.
• Paul Atkins has officially assumed the role of the 34th Chairman of the US Securities and Exchange Commission (SEC). This is a return to the agency for Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under the George W. Bush administration. He has committed to advancing the SEC’s mission of fostering capital formation, safeguarding investors, and ensuring fair and efficient markets.
• Solosatoshi.com has sold over 10,000 open-source miners, adding more than 10 PH of hashpower to the Bitcoin network.

"Thank you, Bitaxe community. OSMU developers, your brilliance built this. Supporters, your belief drives us. Customers, your trust powers 10,000+ miners and 10PH globally. Together, we’re decentralizing Bitcoin’s future. Last but certainly not least, thank you@skot9000 for not only creating a freedom tool, but instilling the idea into thousands of people, that Bitcoin mining can be for everyone again," said the firm on X.

• OCEAN's DATUM has found 100 blocks. "Over 65% of OCEAN’s miners are using DATUM, and that number is growing every day. This means block template construction is making its way back into the hands of the miners, which is not only the most profitable for miners on OCEAN but also one of the best things for Bitcoin," stated the mining pool.

Source: orangesurf

• Arch Labs has secured $13 million to develop "ArchVM" and integrate smart-contract functionality with Bitcoin. The funding round, valuing the company at $200 million, was led by Pantera Capital, as announced on Tuesday.
• Tesla still holds nearly $1 billion in bitcoin. According to the automaker's latest earnings report, the firm reported digital asset holdings worth $951 million as of March 31.
• The European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets legislation (MiCA), just months after its implementation. According to Politico's report on Tuesday, the ECB is concerned that U.S. support for cryptocurrency, particularly stablecoins, could cause economic harm to the 27-nation bloc.
• TABConf 2025 is scheduled to take place from October 13-16, 2025. This prominent technical Bitcoin conference is dedicated to community building, education, and developer support, and it is set to return in October. Get your tickets here.
• Kaduna Lightning Development Bootcamp. From May 14th to 17th, the Bitcoin Lightning Developer Bootcamp will take place in Kaduna, Nigeria. Thisevent offers four dynamic days of coding, learning, and networking. Organized by Africa Free Routing and supported by Btrust, Tether, and African Bitcoiners, this bootcamp is designed as a gateway for African developers eager to advance their skills in Bitcoin and Lightning development. Apply here.

Source: African Bitcoiners.

Use the tools

• Core Lightning (CLN) v25.02.2 as been released to fix a broken Docker image. The issue was caused by an SQLite version that did not support an advanced query.
• Blitz wallet v0.4.4-beta introduces several updates and improvements, including the prevention of duplicate ecash payments, fixes for background ecash invoice handling, the ability for users to send payments to BOLT12 invoices from their Liquid balance, support for Blink QR codes, a lowered minimum amount for Lightning-to-Liquid payments to 100 sats, the option to initiate a node sync via a swipe gesture on the wallet's home screen, and the introduction of opt-in or opt-out functionality for newly implemented crash analytics via settings.
• Utreexo v0.5.0, a hash-based dynamic accumulator, is now available.
• Specter v2.1.1 is now available on StartOS. "This update brings compatibility with Bitcoin Core v28 and incorporates several upstream improvements," said developer Alex71btc.
• ESP-Miner (AxeOS) v2.7.0b1 is now available for testing.
• NodeGuard v0.16.1, a treasury management solution for Lightning nodes, has been released.
• The latest stacker.news updates include prompts to add a receiving wallet when posting or making comments (for new users), an option to randomize poll choices, improved URL search, and a few other enhancements. A bug fix for territories created after 9/19/24 has been implemented to reward 70% of their revenue to owners instead of 50%.

Other stuff

• The April edition of the 256 Foundation's newsletter is now available. It includes the latest mining news, Bitcoin network health updates, project developments, and a tutorial on how to update FutureBit's Apollo 1 to the Apollo 2 software.
• Siggy47 has posted a comprehensive RoboSats guide on stacker.news.
• Learn how to run your own Nostr relay using Citrine and Cloudflare Tunnels by following this step-by-step guide by Dhalism.
• Max Guise has written a Bitkey roadmap update for April 2025.

• PlebLab has uploaded a video on how to build a Rust wallet with LDK Node by Ben Carman.

• Do you want more? Subscribe and get No Bullshit GM report straight to your mailbox and No Bullshit Bitcoin on Nostr.

• Feedback or tips? Drop it here.
• #FREESAMOURAI

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@ 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 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

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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@ 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

@ 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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@ 1c5ff3ca:efe9c0f6

Just calling it Open is not enough - Herausforderungen öffentlicher Bildungsinfrastrukturen und wie Nostr helfen könnte

Ich möchte gerne mit euch teilen, an welchen Konzepten ich arbeite, um die öffentliche Bildungsinfrastruktur mit Hilfe von Nostr zugänglicher und offener zu gestalten. Ich arbeite im Bereich öffentlicher Bildungsinfrastrukturen, besonders im Feld von Open Educational Resources (#OER). OER sind offen lizenzierte Bildungsmaterialien, die mit einer offenen Lizenz, meist einer Creative Commons Lizenz, versehen sind (CC-0, CC-BY, CC-BY-SA). Durch die klare und offene Lizenzierung ist es leicht möglich, die Lernmaterialien auf die individuellen Bedarfe anzupassen, sie zu verbessern und sie erneut zu veröffentlichen.

Seit vielen Jahren wird einerseits die Entwicklung freier Bildungsmaterialien gefördert, andererseits werden Plattformen, insbesondere Repositorien gefördert, die diese Materialien verfügbar machen sollen. Denn irgendwo müssen diese Materialien zur Verfügung gestellt werden, damit sie auch gefunden werden können.

Das klappt allerdings nur so mittelgut.

Herausforderungen

Nach vielen Jahren Förderung kann die einfache Frage: "Wo kann ich denn mein OER-Material bereitstellen" nicht einfach beantwortet werden. Es gibt Services, bei denen ich mein OER hochladen kann, jedoch bleibt es dann eingeschlossen in dieser Plattform und wird nicht auf anderen Plattformen auffindbar. Außerdem sind diese Services häufig an bestimmte Bildungskontexte gebunden oder geben Content erst nach einer Qualitätsprüfung frei. Dies führt dazu, dass ein einfaches und gleichzeitig öffentliches Teilen nicht möglich ist.

Diese und weitere Herausforderungen haben ihren Ursprung darin, dass Service und Infrastruktur in der Architektur öffentlichen Bildungsarchitektur ungünstig vermischt werden. Als Infrastruktur verstehe ich hier die Bereitstellung einer öffentlichen und offen zugänglichen Bildungsinfrastruktur, auf der Daten ausgetauscht, also bereitgestellt und konsumiert werden können. Jedoch existiert eine solche Infrstruktur momentan nicht unabhängig von den Services, die auf ihr betrieben werden. Infrastrukturbetreiber sind momentan gleichzeitig immer Servicebetreiber. Da sie aber die Hand darüber haben wollen, was genau in ihrem Service passiert (verständlich), schränken sie den Zugang zu ihrer Infrastruktur mit ein, was dazu führt, dass sie Lock-In Mechanismen großer Medienplattformen in der kleinen öffentlichen Bildungsinfrastruktur replizieren.

Es ist in etwas so, als würde jeder Autobauer auch gleichzeitig die Straßen für seine Fahrzeuge bauen. Aber halt nur für seine Autos.

Anhand einiger beispielhafter Services, die bestehende Plattformen auf ihren Infrastrukturen anbieten, möchte ich die Herausforderungen aufzeigen, die ich im aktuellen Architekturkonzept sehe:

• Upload von Bildungsmaterial
• Kuration: Zusammenstellung von Listen, Annotation mit Metadaten
• Crawling, Indexierung und Suche
• Plattfformübergreifende Kollaboration in Communities -> Beispiel: Qualitätssicherung (was auch immer das genau bedeutet)
• KI- Services -> Beispiel: KI generierte Metadaten für BiIdungsmaterial

Material Upload

Der Service "Material-Upload" oder das Mitteilen eines Links zu einem Bildungsmaterial wird von verschiedenen OER-Pattformen bereitgestellt (wirlernenonline.de, oersi.org, mundo.schule).

Dies bedeutet konkret: Wenn ich bei einer der Plattformen Content hochlade, verbleibt der Content in der Regel auch dort und wird nicht mit den anderen Plattformen geteilt. Das Resultat für die User: Entweder muss ich mich überall anmelden und dort mein Material hochladen (führt zu Duplikaten) oder damit leben, dass eben nur die Nutzer:innen der jeweiligen Plattform meinen Content finden können.

Der "Open Educational Resource Search Index" (OERSI) geht diese Herausforderung an, indem die Metadaten zu den Bildungsmaterialien verschiedener Plattformen in einem Index bereitgestellt werden. Dieser Index ist wiederum öffentlich zugänglich, sodass Plattformen darüber auch Metadaten anderer Plattformen konsumieren können. Das ist schon sehr gut. Jedoch funktioniert das nur für Plattformen, die der OERSI indexiert und für alle anderen nicht. Der OERSI ist auf den Hochschulbereich fokussiert, d.h. andere Bildungskontexte werden hier ausgeschlossen. Der Ansatz für jeden Bildungsbereich einen passenden "OERSI" daneben zustellen skaliert und schlecht und es bleibt die Herausforderung bestehen, dass für jede Quelle, die indexiert werden soll, ein entsprechender Importer/Crawler geschrieben werden muss.

Dieser Ansatz (Pull-Ansatz) rennt den Materialien hinterher.

Es gibt jedoch noch mehr Einschränkungen: Die Plattformen haben sich jeweils auf spezifische Bildungskontexte spezialisiert. D.h. auf die Fragen: Wo kann ich denn mein OER bereitstellen, muss immer erst die Gegenfrage: "Für welchen Bildungsbereich denn?" beantwortet werden. Wenn dieser außerhalb des allgemeinbildendenden Bereichs oder außerhalb der Hochschule liegt, geschweige denn außerhalb des institutionellen Bildungsrahmens, wird es schon sehr, sehr dünn. Kurzum:

• Es ist nicht einfach möglich OER bereitzustellen, sodass es auch auf verschiedenen Plattformen gefunden werden kann.

Kuration

Unter Kuration verstehe ich hier die Zusammenstellung von Content in Listen oder Sammlungs ähnlicher Form sowie die Annotation dieser Sammlungen oder des Contents mit Metadaten.

Einige Plattformen bieten die Möglichkeit an, Content in Listen einzuordnen. Diese Listen sind jedoch nicht portabel. Die Liste, die ich auf Plattform A erstelle, lässt sich nicht auf Plattform B importieren. Das wäre aber schön, denn so könnten die Listen leichter auf anderen Plattformen erweitert oder sogar kollaborativ gestaltet werden, andererseits werden Lock-In-Effekte zu vermieden.

Bei der Annotation mit Metadaten treten verschiedene zentralisierende Faktoren auf. In der momentanen Praxis werden die Metadaten meist zum Zeitpunkt der Contentbereitstellung festgelegt. Meist durch eine Person oder Redaktion, bisweilen mit Unterstützung von KI-Services, die bei der Metadateneingabe unterstützen. Wie aber zusätzliche eigene Metadaten ergänzen? Wie mitteilen, dass dieses Material nicht nur für Biologie, sondern auch für Sport in Thema XY super einsetzbar wäre? Die momentanen Ansätze können diese Anforderung nicht erfüllen. Sie nutzen die Kompetenz und das Potential ihrer User nicht.

• Es gibt keine interoperablen Sammlungen
• Metadaten-Annotation ist zentralisiert
• User können keine eigenen Metadaten hinzufügen

Crawling, Indexierung und Suche

Da die Nutzer:innen nicht viele verschiedene Plattformen und Webseiten besuchen wollen, um dort nach passendem Content zu suchen, crawlen die "großen" OER-Aggregatoren diese, um die Metadaten des Contents zu indexieren. Über verschiedene Schnittstellen oder gerne auch mal über das rohe HTML. Letztere Crawler sind sehr aufwändig zu schreiben, fehleranfällig und gehen bei Design-Anpassungen der Webseite schnell kaputt, erstere sind etwas stabiler, solange sich die Schnittstelle nicht ändert. Durch den Einsatz des Allgemeinen Metadatenprofils für Bildungsressourcen (AMB) hat sich die Situation etwas verbessert. Einige Plattformen bieten jetzt eine Sitemap an, die Links zu Bildungsmaterial enthalten, die wiederum eingebettet script-tags vom Typ application/ld+json enthalten, sodass die Metadaten von dort importiert werden können.

Beispiel: e-teaching.org bietet hier eine Sitemap für ihre OER an: https://e-teaching.org/oer-sitemap.xml und auf den jeweiligen Seiten findet sich ein entsprechendes script-Tag.

Das ist schon viel besser, aber da geht noch mehr:

Zunächst ist dieser Ansatz nur für Plattformen und Akteure praktikabel, die über IT-Ressourcen verfügen, um entsprechende Funktionalitäten bei sich einbauen zu können. Lehrende können dies nicht einfach auf ihrem privaten Blog oder ähnliches umsetzen. Zum anderen besteht immer noch ein Discovery Problem. Ich muss nach wie vor wissen, wo ich suchen muss. Ich muss die Sitemaps kennen, sonst finde ich nichts. Statt eines Ansatzes, bei dem Akteure eigenständig mitteilen können, dass sie neuen Content haben (Push-Ansatz), verfolgen wir derzeit einen Ansatz, bei dem jede Plattform für sich Content im Pull-Verfahren akquiriert. Dies führt an vielen Stellen zu Doppelarbeiten, ist ineffizient (mehrere Personen bauen genau die gleichen Crawler, aber halt immer für ihre Plattform) und schliesst vor allem kleine Akteure aus (lohnt es sich einen Crawler zu programmieren, wenn die Webseite "nur" 50 Materialien bereitstellt?).

Anstatt erschlossene Daten zu teilen, arbeiten die Plattformen für sich oder stellen es höchstens wieder hinter eigenen (offenen oder geschlossenen) Schnittstellen bereit. Das ist wohl nicht das, was wir uns unter einer offenen und kollaborativen Gemeinschaft vorstellen, oder?

Bei der Suche stehen wir vor ähnlichen Herausforderungen, wie bereits oben geschildert. Obwohl verschiedene OER-Aggregatoren in Form von Repositorien oder Referatorien bereits viele der "kleineren" Plattformen indexieren und somit eine übergreifende Suche anbieten, ist es nicht möglich, diese Aggregatoren gemeinsam zu durchsuchen. Dies führt im Endeffekt dazu, dass die User wieder verschiedene Plattformen ansteuern müssen, wenn sie den gesamten OER-Fundus durchsuchen wollen.

• An vielen Stellen wird Content doppelt erschlossen, aber immer für die eigene Plattform
• Es gibt keinen geteilten Datenraum, in den Akteure Content "pushen" können
• Es gibt keine plattformübergreifenden Suchmöglichkeiten

Plattformübergreifende Kollaboration

Das wäre schön, oder? Mir ist schleierhaft, wie #OEP (Open Educational Practices, genaue Definition durch die Community steht noch aus) ohne funktionieren soll. Aber es gibt meines Wissens nach nicht mal Ansätze, wie das technisch umgesetzt werden soll (oder doch? let me hear).

Ein Szenario für solche plattformübergreifende Kollaboration könnte Qualitätssicherung sein. Gesetzt, dass sich zwei Plattformen / Communities auf etwas verständigt haben, dass sie als "Qualität" bezeichnen, wie aber dieses Gütesiegel nun an den Content bringen?

Plattform A: Na, dann kommt doch alle zu uns. Hier können wir das machen und dann hängt auch ein schönes Badge an den Materialien.

Plattform B: Ja, aber dann hängt es ja nicht an unseren Materialien. Außerdem wollen/müssen wir bei uns arbeiten, weil welche Existenzberechtigung hat denn meine Plattform noch, wenn wir alles bei dir machen?

• Obwohl nun #OEP in aller Munde sind, gibt es keine technischen Ansätze, wie (plattformübergreifende) Kollaboration technisch abgebildet werden kann

KI-Services

Was ist heute schon komplett ohne das Thema KI zu erwähnen? Mindestens für den nächsten Förderantrag muss auch irgendetwas mit KI gemacht werden...

Verschiedene Projekte erarbeiten hilfreiche und beeindruckende KI-Services. Beispielsweise, um die Annotation von Content mit Metadaten zu erleichtern, Metadaten automatisch hinzuzufügen, Content zu bestimmten Themen zu finden oder (halb-)automatisch zu Sammlungen hinzuzufügen. Aber (vielleicht habt ihr es schon erraten): Funktioniert halt nur auf der eigenen Plattform. Vermutlich, weil die Services nah am plattformeigenen Datenmodell entwickelt werden. Und da die Daten dieses Silo nicht verlassen, passt das schon. Das führt dazu, dass an mehreren Stellen die gleichen Services doppelt entwickelt werden.

• KI-Services funktionieren oft nur auf der Plattform für die sie entwickelt werden

Zusammenfassung der Probleme

Wir machen übrigens vieles schon sehr gut (Einsatz des AMB, Offene Bidungsmaterialien, wir haben eine großartige Community) und jetzt müssen wir halt weiter gehen.

(Die OER-Metadatengruppe, die das Allgemeine Metadatenprofil für Bildungsressourcen (AMB) entwickelt hat, bekommt für ihre Arbeit keine direkte Förderung. Gleichzeitig ist sie eine zentrale Anlaufstelle für alle, die mit Metadaten in offenen Bildungsinfrastukturen hantieren und das Metadatenprofil ist eines der wenigen Applikationsprofile, das öffentlich einsehbar, gut dokumentiert ist und Validierungsmöglichkeiten bietet.)

Betrachten wir die gesamten Plattformen und die beschriebenen Herausforderungen aus der Vogelperspektive, so lassen sich drei ineinander verschränkte Kernbestandteile unterscheiden, die helfen, die beschriebenen Probleme besser zu verstehen:

• User
• Service
• Daten

User: Auf (fast) allen Plattformen agieren User. Sie laden Material hoch, annotieren mit Metadaten, sind in einer Community, suchen Content usw. Egal, ob sie sich einloggen können/müssen, irgendetwas bieten wir unseren Usern an, damit sie daraus hoffentlich Mehrwerte ziehen

Service: Das ist dieses irgendetwas. Die "Webseite", die Oberfläche, das, wo der User klicken und etwas tun kann. Es ist das, was den Daten oft eine "visuelle" Form gibt. Der Service ist der Mittler, das Interface zwischen User und Daten. Mithilfe des Services lassen sich Daten erzeugen, verändern oder entfernen (Es gibt natürlich auch viele nicht-visuelle Services, die Interaktion mit Daten ermöglichen, aber für die meisten normalen Menschen, gibt es irgendwo was zu klicken).

Daten: Die Informationen in strukturierter maschinenlesbarer Form, die dem User in gerenderter Form durch einen Service Mehrwerte bieten können. Ungerenderte Daten können wir schwieirg erfassen (wir sind ja nicht Neo). Das können entweder die Metadaten zu Bildungmaterialien sein, die Materialien selbst, Profilinformationen, Materialsammlungen o.ä.

Meines Erachtens nach haben viele der oben beschriebenen Herausforderungen ihren Ursprung darin, dass die drei Kernbestandteile User, Service, Daten ungünstig miteinander verbunden wurden. Was kein Vorwurf sein soll, denn das ist genau die Art und Weise, wie die letzten Jahre (Jahrzehnte?) Plattformen immer gebaut wurden:

• User, Service und Daten werden in einer Plattform gebündelt

Das heisst durch meinen Service agieren die User mit den Daten und ich kann sicherstellen, dass in meiner kleinen Welt alles gut miteinander funktioniert. Sinnvoll, wenn ich Microsoft, Facebook, X oder ähnliches bin, weil mein Geschäftsmodell genau darin liegt: User einschließen (lock-in), ihnen die Hohheit über ihren Content nehmen (oder kannst du deine Facebook Posts zu X migrieren?) und nach Möglichkeit nicht wieder rauslassen.

Aber unsere Projekte sind öffentlich. Das sind nicht die Mechanismen, die wir replizieren sollten. Also was nun?

Bildungsinfrasstrukturen auf Basis des Nostr-Protokolls

Nostr

Eine pseudonyme Person mit dem Namen "fiatjaf" hat 2019 ein Konzept für ein Social Media Protokoll "Nostr - Notes and Other Stuff Transmitted By Relays" wie folgt beschrieben:

It does not rely on any trusted central server, hence it is resilient, it is based on cryptographic keys and signatures, so it is tamperproof, it does not rely on P2P techniques, therefore it works.

Fiatjaf, 2019

Die Kernbestandsteile des Protokolls bestehen aus:

• JSON -> Datenformat
• SHA256 & Schnorr -> Kryptographie
• Websocket -> Datenaustausch

Und funktionieren tut es so:

User besitzen ein "Schlüsselpaar": einen privaten Schlüssel (den behälst du für dich, nur für dich) und einen öffentlichen Schlüssel, den kannst du herumzeigen, das ist deine öffentliche Identität. Damit sagst du anderen Usern: Hier schau mal, das bin ich. Die beiden Schlüssel hängen dabei auf eine "magische" (kryptografische) Weise zusammen: Der öffentliche Schlüssel lässt sich aus dem privaten Schlüssel generieren, jedoch nicht andersherum. D.h. falls du deinen öffentlichen Schlüssel verlierst: Kein Problem, der lässt sich immer wieder herstellen. Wenn du deinen privaten Schlüssel verlierst: Pech gehabt, es ist faktisch unmöglich, diesen wieder herzustellen.

Die Schlüsselmagie geht jedoch noch weiter: Du kannst mit deinem privaten Schlüssel "Nachrichten" signieren, also wie unterschreiben. Diese Unterschrift, die du mit Hilfe des privaten Schlüssels erstellst, hat eine magische Eigenschaft: Jeder kann mithilfe der Signatur und deinem öffentlichen* Schlüssel nachprüfen, dass nur die Person, die auch den privaten Schlüssel zu diesem öffentlichen Schlüssel besitzt, diese Nachricht unterschrieben haben kann. Magisch, richtig? Verstehst du nicht komplett? Nicht schlimm, du benutzt es bereits vermutlich, ohne dass du es merkst. Das ist keine fancy neue Technologie, sondern gut abgehangen und breit im Einsatz.

Merke: User besitzen ein Schlüsselpaar und können damit Nachrichten signieren.

Dann gibt es noch die Services. Services funktionieren im Grunde wie bereits oben beschrieben. Durch sie interagieren die User mit Daten. Aber bei Nostr ist es ein kleines bisschen anders als sonst, denn: Die Daten "leben" nicht in den Services. Aber wo dann?

Wenn ein User einen Datensatz erstellt, verändert oder entfernen möchte, wird dieses "Event" (so nennen wir das bei Nostr) mit deinem privaten Schlüssel signiert (damit ist für alle klar, nur du kannst das gemacht haben) und dann mehrere "Relays" gesendet. Das sind die Orte, wo die Daten gehalten werden. Wenn ein User sich in einen Service einloggt, dann holt sich der Service die Daten, die er braucht von diesen Relays. User, Service und Daten sind also entkoppelt. Der User könnte zu einem anderen Service wechseln und sich dieseleben Daten von den Relays holen. Keine Lock-In Möglichkeiten.

Merke: User, Service und Daten sind entkoppelt.

Zuletzt gibt es noch die Relays. Relays sind Orte. Es sind die Orte, zu denen die Events, also die Daten der User, ihre Interaktionen, gesendet und von denen sie angefragt werden. Sie sind sowas wie das Backend von Nostr, allerdings tun sie nicht viel mehr als das: Events annehmen, Events verteilen. Je nach Konfiguration dürfen nur bestimmte User auf ein Relay schreiben oder davon lesen.

Das Protokoll ist von seinem Grunddesign auf Offenheit und Interoperabilität ausgelegt. Keine Registrierung ist nötig, sondern nur Schlüsselpaare. Durch kryptografische Verfahren kann dennoch die Authentizitität eines Events sichergestellt werden, da nur die Inhaberin des jeweiligen Schlüsselpaares dieses Event so erstellen konnte. Die Relays sorgen dafür die Daten an die gewünschten Stellen zu bringen und da wir mehr als nur eines benutzen, haben wir eine gewisse Ausfallsicherheit. Da die Daten nur aus signierten JSON-Schnipseln bestehen, können wir sie leicht an einen anderen Ort kopieren, im Falle eines Ausfalls. Durch die Signaturen ist wiederum sichergestellt, dass zwischendurch keine Veränderungen an den Daten vorgenommen wurden.

Beispiel: Ein Nostr Event

Hier ein kleiner technischer Exkurs, der beschreibt, wie Nostr Events strukturiert sind. Falls dich die technischen Details nicht so interessieren, überspringe diesen Abschnitt ruhig.

Jedes Nostr Event besitzt die gleiche Grundstruktur mit den Attributen:

• id: Der Hash des Events
• pubkey: Der Pubkey des Urhebers des Events
• created_at: Der Zeitstempel des Events
• kind: Der Typ des Events
• tags: Zusätzliche Metadaten für das Event können in diesem Array hinterlegt werden
• content: Der textuelle Inhalt eines Events
• sig: Die Signatur des Events, um die Integrität der Daten zu überprüfen

json { "id": <32-bytes lowercase hex-encoded sha256 of the serialized event data>, "pubkey": <32-bytes lowercase hex-encoded public key of the event creator>, "created_at": <unix timestamp in seconds>, "kind": <integer between 0 and 65535>, "tags": [ [<arbitrary string>...], // ... ], "content": <arbitrary string>, "sig": <64-bytes lowercase hex of the signature of the sha256 hash of the serialized event data, which is the same as the "id" field> }

Die verwendeten Eventtypen sowie die existierenden Spezifikationen lassen sich unter https://github.com/nostr-protocol/nips/ einsehen.

Wichtig ist auch: Du kannst einfach anfangen, Anwendungen zu entwickeln. Die Relays werden alle Events akzeptieren, die dem o.g. Schema folgen. Du musst also niemanden um Erlaubnis fragen oder warten, bis deine Spezifikation akzeptiert und hinzugefügt wurde.

You can just build things.

Exkurs: Nostr für Binärdaten - Blossom

Ja, aber... das ist doch nur für textbasierte Daten geeignet? Was ist denn mit den Binärdaten (Bilder, Videos, PDFs, etc)

Diese Daten sind oft recht groß und es wurde sich auf das Best-Practice geeignet, diese Daten nicht auf Relays abzulegen, sondern einen besser geeigneten Publikationsmechanismus für diese Datentypen zu finden. Der Ansatz wird als "Blossom - Blobs stored simply on mediaservers" bezeichnet und ist recht unkompliziert.

Blossom Server (nichts anderes als simple Medienserver) nutzen Nostr Schlüsselpaare zur Verwaltung Identitäten und zum Signieren von Events. Die Blobs werden über ihren sha256 Hash identifiziert. Blossom definiert einige standardisierte Endpunkte, die beschreiben wie Medien hochgeladen werden können, wie sie konsumiert werden können usw.

Die Details, wie Authorisierung und die jeweiligen Endpunkte funktionieren, werden in der genannten Spezifikation beschrieben.

Nostr 🤝 Öffentliche Bildungsinfrastrukturen

Wie könnten Herausforderungen gelöst werden, wenn wir Nostr als Basis für die öffentliche Bildungsinfrastruktur einsetzen?

Material-Upload

• Es ist nicht einfach möglich OER bereitzustellen, sodass es auch auf verschiedenen Plattformen gefunden werden kann.

Mit Nostr als Basis-Infrastruktur würden die Metadaten und die Binärdaten nicht an den Service gekoppelt sein, von dem aus sie bereitgestellt wurden. Binärdaten können auf sogenannten Blossom-Servern gehostet werden. Metadaten, Kommentare und weitere textbasierte Daten werden über die Relay-Infrastruktur verteilt. Da Daten und Service entkoppelt sind, können die OER Materialien von verschiedenen Anwendungen aus konsumiert werden.

Kuration

• Es gibt keine interoperablen Sammlungen
• Metadaten-Annotation ist zentralisiert
• User können keine eigenen Metadaten hinzufügen

Sammlungen sind per se interoperabel. Auf Protokollebene ist definiert, wie Listen funktionieren. Die Annotation mit Metadaten ist an keiner Stelle zentralisiert. Das Versprechen der RDF-Community "Anyone can say anything about any topic" wird hier verwirklicht. Ich muss mir ja nicht alles anhören. Vielleicht konsumiere ich nur Metadaten-Events bestimmter Redaktionen oder User. Vielleicht nur diejenigen mit einer Nähe zu meinem sozialen Graphen. Jedenfalls gibt es die Möglichkeit für alle User entsprechende Metadaten bereit zu stellen.

Crawling, Indexierung und Suche * An vielen Stellen wird Content doppelt erschlossen, aber immer für die eigene Plattform * Es gibt keinen geteilten Datenraum, in den Akteure Content "pushen" können * Es gibt keine plattformübergreifenden Suchmöglichkeiten

Keine Doppelerschließungen mehr. Wenn ein User im Netzwerk ein Metadatenevent veröffentlicht hat, ist es für alle konsumierbar. Der Datenraum ist per se geteilt. Plattformübergreifende Suche wird durch die Kombination aus Relays und NIPs ermöglicht. In den NIPs können spezielle Query-Formate für die jeweiligen NIPs definiert werden. Relays können anzeigen, welche NIPs sie untersützten. Eine plattformübergreifende Suche ist im Nostr eine relay-übergreifende Suche.

Plattformübergreifende Kollaboration

• Obwohl nun #OEP in aller Munde sind, gibt es keine technischen Ansätze, wie (plattformübergreifende) Kollaboration technisch abgebildet werden kann

Nostr ist der technische Ansatz.

KI-Services

• KI-Services funktionieren oft nur auf der Plattform für die sie entwickelt werden

Es gibt im Nostr das Konzept der Data Vending Machines (s. auch data-vending-machines.org). Statt also einfach nur eine API zu bauen (was auch schon sehr schön ist, wenn sie offen zugänglich ist), könnten diese Services auch als Akteure im Nostr Netzwerk fungieren und Jobs annehmen und ausführen. Die Art der Jobs kann in einer Spezifikation beschrieben werden, sodass die Funktionsweise für alle interessierten Teilnehmer im Netzwerk einfach nachzuvollziehen ist.

Die Services könnten sogar monetarisiert werden, sodass sich hier auch Möglichkeiten böten, Geschäftsmodelle zu entwickeln.

Fazit

Die Open Education Community ist großartig. Es sind einzigartige und unglaublich engagierte Menschen, die sich dem hehren Ziel "Zugängliche Bildung für Alle" -> "Offene Bildung" verschrieben haben. Wir verwenden Creative Commons Lizenzen -> Commons -> Gemeingüter. Es ist okay, dass viele Projekte von Sponsoren und Förderungen abhängig sind. Was wir machen, ist im Sinne eines Gemeingutes: Öffentliche Bildung für alle. Also zahlen wir als Gemeinschaft alle dafür.

Was nicht okay ist: Dass das, wofür wir alle gezahlt haben, nach kurzer Zeit nicht mehr auffindbar ist. Dass es eingeschlossen wird. In öffentlich finanzierten Datensilos. Es muss für alle auch langfristig verfügbar sein. Sonst ist es nicht zugänglich, nicht offen. Dann ist das O in OER nur ein Label und Marketing, um für eine ABM-Maßnahme 3 Jahre Geld zu bekommen. Denn nichts anderes ist Content-Entwicklung, wenn der Content nach drei Jahren weggeschmissen wird.

Und dasselbe gilt für OEP. Offene Lernpraktiken, sind auch nur eine Phrase, wenn wir die passende technische Infrastruktur nicht mitdenken, die wirkliche Offenheit und Kollaboration und damit die Umsetzung offener Lernpraktiken ermöglicht.

Und wenn wir uns jetzt nicht Gedanken darüber machen, die Infrastruktur für offenes Lernen anzupassen, dann werden wir vermutlich in einigen Jahren sehen können, was bei politischen Umorientierungen noch davon übrig bleiben wird. Wenn die Fördertöpfe komplett gestrichen werden, was bleibt dann übrig von dem investierten Geld?

Wir brauchen Lösungen, die engagierte Communities weiter betreiben können und denen kein Kopf abgeschlagen werden kann, ohne dass wir zwei neue daneben setzen könnten.

Wir müssen uns jetzt Gedanken darüber machen.

Wie offen will öffentliche Bildungsinfrastruktur sein?

@ dfa02707:41ca50e3

Headlines

• Spiral renews support for Dan Gould and Joschisan. The organization has renewed support for Dan Gould, who is developing the Payjoin Dev Kit (PDK), and Joschisan, a Fedimint developer focused on simplifying federations.
• Metaplanet buys another 145 BTC. The Tokyo-listed company has purchased an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
• Semler Scientific has increased its bitcoin holdings to 3,303 BTC. The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a press release.
• The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya. The new legislation aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
• Russian government to launch a cryptocurrency exchange. The country's Ministry of Finance and Central Bank announced plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
• All virtual asset service providers expect to be fully compliant with the Travel Rule by the end of 2025. A survey by financial surveillance specialist Notabene reveals that 90% of virtual asset service providers (VASPs) expect full Travel Rule compliance by mid-2025, with all aiming for compliance by year-end. The survey also shows a significant rise in VASPs blocking withdrawals until beneficiary information is confirmed, increasing from 2.9% in 2024 to 15.4% now. Additionally, about 20% of VASPs return deposits if originator data is missing.
• UN claims Bitcoin mining is a "powerful tool" for money laundering. The Rage's analysis suggests that the recent United Nations Office on Drugs and Crime report on crime in South-East Asia makes little sense and hints at the potential introduction of Anti-Money Laundering (AML) measures at the mining level.
• Riot Platforms has obtained a $100 million credit facility from Coinbase Credit, using bitcoin as collateral for short-term funding to support its expansion. The firm's CEO, Jason Les, stated that this facility is crucial for diversifying financing sources and driving long-term stockholder value through strategic growth initiatives.
• Bitdeer raises $179M in loans and equity amid Bitcoin chip push. The Miner Mag reports that Bitdeer entered into a loan agreement with its affiliate Matrixport for up to $200 million in April, as disclosed in its annual report filed on Monday.
• Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.' The U.S. Federal Reserve withdrew guidance that discouraged banks from crypto and stablecoin activities, as announced by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.

"As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.

• UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing. The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, per Bitcoin Magazine.
• U.S. 'crypto' scam losses amounted to $9.3B in 2024. The US The Federal Bureau of Investigation (FBI) has reported $9.3 billion losses in cryptocurrency-related scams in 2024, noting a troubling trend of scams targeting older Americans, which accounted for over $2.8 billion of those losses.

Source: FBI.

• North Korean hackers establish fake companies to target 'crypto' developers. Silent Push researchers reported that hackers linked to the Lazarus Group created three shell companies, two of which are based in the U.S., with the objective of spreading malware through deceptive job interview scams aimed at individuals seeking jobs in cryptocurrency companies.
• Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge utilizes the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
• Hesperides University offers a Master’s degree in Bitcoin. Bitcoin Magazine reports the launch of the first-ever Spanish-language Master’s program dedicated exclusively to Bitcoin. Starting April 28, 2025, this fully online program will equip professionals with technical, economic, legal, and philosophical skills to excel in the Bitcoin era.
• BTC in D.C. event is set to take place on September 30 - October 1 in Washington, D.C. Learn more about this initiative here.

Use the tools

• Bitcoin Keeper just got a new look. Version 2.2.0 of the mobile multisig app brought a new branding design, along with a Keeper Private tier, testnet support, ability to import and export BIP-329 labels, and the option to use a Server Key with multiple users.
  • Earlier this month the project also announced Keeper Learn service, offering clear and guided Bitcoin learning sessions for both groups and individuals.
• Keeper Desktop v0.2.2, a companion desktop app for Bitcoin Keeper mobile app, received a renewed branding update, too.

The evolution of Bitcoin Keeper logo. Source: BitHyve blog.

• Blockstream Green Desktop v2.0.25 updates GDK to v0.75.1 and fixes amount parsing issues when switching from fiat denomination to Liquid asset.
• Lightning Loop v0.31.0-beta enhances the loop listswaps command by improving the ability to filter the response.
• Lightning-kmp v1.10.0, an implementation of the Lightning Network in Kotlin, is now available.
• LND v0.19.0-beta.rc3, the latest beta release candidate of LND is now ready for testing.
• ZEUS v0.11.0-alpha2 is now available for testing, too. It's nuts.
• JoinMarket Fidelity Bond Simulator helps potential JoinMarket makers evaluate their competitive position in the market based on fidelity bonds.
• UTXOscope is a text-only Bitcoin blockchain analysis tool that visualizes price dynamics using only on-chain data. The

@ 7f6db517:a4931eda

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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.

@ 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

@ 0b118e40:4edc09cb

The idea of Bitcoin as an internet native currency, and eventually a global one, is coming to life slowly. But historically, the idea of global currency has haunted the world’s financial imagination for nearly a century. 

From Keynes’s Bancor in 1944 to Zhou Xiaochuan’s post-crisis proposal in 2009 to today’s renewed debates, the idea resurfaces every time the global economy fractures. 

Could this time be different with Bitcoin? 

I decided to trace the idea of global currency through several decades and books. I may have missed some parts, so feel free to add. I’ll keep this brief and leave the books I’ve read below.

In the beginning

It all started on July 1, 1944. 730 delegates from 44 Allied nations, including major powers like the US, UK, Soviet Union, China, and France, gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. They spent 2 weeks figuring out how the new international monetary and financial system would be, post WW2

After WW1, the treaty of Versailles was needed, but imposed harsh reparations that devastated economies and contributed to the rise of fascism, such as Hitler, Mussolini and gang. 

So when folks met up in 1944 (WW2 was almost ending), the goal was to prevent another Great Depression, another global conflict and build a stable global economic order. 

2 main proposals were discussed in Bretton Woods. 

1. John Maynard Keynes, representing the UK, proposed the creation of a global currency called Bancor. It will be issued through a global central bank known as the International Clearing Union (ICU).

2. Harry Dexter White, representing the US, promoted a dollar-based system. Countries would peg their currencies to the US. dollar backed by gold. He also led the creation of the IMF and the World Bank.

To understand how both of these proposals work, let's look at an example.

• Country A (Germany): Massive exporter

• Country B (USA): Massive importer

• Country C (Brazil): Balanced trade (imports = exports)

***Based on Dexter’s model and the current USD-based system, ***

Say Germany sells $1B worth of cars to the US. The US  pays in dollars, increasing its trade deficit. Germany accumulates dollars as reserves or buys the US Treasury bonds. Over time, the US continues running trade deficits, while Germany keeps hoarding dollars. Hence the  unsustainable debt of the US. 

***In Keynes’s Bancor system, ***

If Germany sells $1B worth of cars to the US, then the US does not pay in dollars. Instead, the ICU credits Germany with 1B Bancors and debits the US with -1B Bancors. 

The ICU police this. If Germany exceeds the surplus threshold, it pays interest or penalties to discourage hoarding. If the US exceeds its deficit threshold, it is warned to rebalance trade or face restrictions.

Here, Germany is incentivized to import more (e.g., from Brazil) or invest in global development. The US is encouraged to export more or reduce consumption. Brazil, with balanced trade, enjoys stability in Bancor flows and avoids pressure.

The idea behind Bancor was a zero-sum balancing act. No country could become “too big to fail” due to excessive deficits. But it was too complicated and idealistic in assuming every country could maintain balanced trade. 

Dexter on the other hand had a few tricks up his sleeve. In the end, Dexter’s USD dominance proposal was adopted. 

The Bretton Woods system established the US dollar as the central global currency 

Why did dollar dominance win over Bancor?

Simplicity often wins over complexity. But more so ICU felt too centralized, asking nations to surrender economic autonomy to a global body. That didn’t sit well in a post-war world where sovereignty was non-negotiable. That and idealist economic trade balance views. 

Dexter’s dollar-based system on the other hand wasn’t fair play at all. It was centralized and authoritarian in its design. 

So how did Dexter pull it off?

They had gold. They were ahead in economic recovery.

And they had nuclear weapons. 

At the time, the US held nearly 2/3 of the world’s gold reserves. It was a significant advantage in advocating for a gold-backed dollar as the bedrock of global trade. 

The US proposed a fixed gold peg at $35 per ounce.

From a broader geopolitical backdrop, the global population in 1944 was about 2.3 billion, a fraction of today’s 8 billion. The world was far less interconnected. The war had devastated Europe, Russia, and much of Asia. Infrastructure, economies, and entire cities were in ruins. The US, by contrast, had faced far fewer casualties and damages. Being geographically isolated, it had minimal domestic losses, around a tenth of what Europe suffered, and its economy was poised to rebuild faster. 

But gold dominance and economic recovery alone didn’t secure US financial dominance.

American scientific breakthroughs had already signaled global power. Physicists like Leo Szilard and Albert Einstein, who had fled Europe, helped develop nuclear weapons. Their intent was deterrence, not destruction. But once the bomb existed, it changed geopolitics overnight. The US had military dominance. And after Hiroshima and Nagasaki in 1945, it became the undisputed superpower. 

In the end, the USD won and the vision for neutral global currency faded. 

And 20 years passed on…

France sends its warship to the US

Under Bretton Woods, countries could exchange dollars for gold, but the US had been printing more dollars than it had gold to back it. And it used it to fund the costly Vietnam War and domestic programs like the Great Society under LBJ. 

Belgian-American economist Robert Triffin pointed out a fatal flaw in the Bretton Woods system that came to be known as the Triffin dilemma. 

• The world needed US dollars for liquidity and trade.

• But the more dollars the US pumped out, the less credible its gold promise became.

Yet the US kept promising that every dollar was still convertible to gold at $35 per ounce.

French President Charles de Gaulle saw this as financial imperialism. He called it the  “exorbitant privileged position”. The world had to pay for what they bought with the money they have, but not the US. 

So in 1965, France did something unexpected. It sent a warship to New York Harbor to physically retrieve French gold reserves held by the Federal Reserve. 

Would it have escalated to war? Maybe. But likely not. It was perhaps more of a diplomatic theatre and a sovereign flex. France was exercising its right under the Bretton Woods agreement to convert dollars into gold. But doing it with military formality was to send a signal to the world that they don’t trust the US system anymore.

It was one of the first major public blows to the dollar’s credibility. And France wasn’t alone. Other countries like West Germany and Switzerland followed suit, redeeming dollars for gold and draining US reserves.

The Nixon shock

Given they did not have enough gold, the IMF introduced Special Drawing Rights (SDRs) in 1969. SDRs were an international reserve asset, created to supplement gold and dollar reserves. Instead of relying solely on the US dollar, SDRs were based on a basket of major currencies (originally gold-backed but later diversified).

The idea was to reduce the world’s dependence on the dollar and avoid a liquidity crisis. But SDRs were a little too late and a little too weak to solve the underlying problem.

By 1971, the US could no longer sustain the illusion. President Nixon “closed the gold window,” suspending dollar convertibility to gold. 

The Bretton Woods collapsed and this marked the beginning of fiat money dominance.

The French pursuit

While France demanded justice in one corner of the world, the French franc, specifically the CFA franc, has been dominant in parts of Africa since 1945, long before 1971.

After WWII, France created two CFA franc zones:

• West Africa: Communauté Financière Africaine (XOF)

• Central Africa: Coopération Financière en Afrique Centrale (XAF)

These zones included 14 African countries, many of which were former French colonies. France maintained monetary control via currency convertibility guarantees and representation in African central banks. Till today it has influence over these country’s monetary policy.

Colonisation hasn't ended in some parts of the world. 

Did countries stop using the USD after the Nixon shock 1971?

Nope. The US dollar was no longer convertible to gold and it dismantled the fixed exchange rate system. But most countries did not stop using the USD as their dominant reserve or trade currency. There were no decent alternatives. Instead, they floated their currencies or maintained a soft peg to the dollar or a basket of currencies. 

The USD remained dominant in oil trade (OPEC priced oil in USD) - petrodollar deal, global debt markets and FX reserves (central banks kept holding USD). 

In 1997, when many Southeast Asian countries were still pegged to the USD, Soros claimed that SEA will tank. The US further increased its credit rates leading to capital flight and eventual tanking of these countries leading to Asian Financial Crisis '97. Many financial crisis has similar vibe.

The 1999 Euro launch

The idea of a shared currency appeared again, this time through the forms of Euro. It was a mandatory system for member states of the Eurozone, and came with centralized authority, the European Central Bank (ECB), which controlled monetary policy for all participating nations.

At first glance, the euro seemed like a win. It eliminated exchange rate fluctuations, making trade within the Eurozone smoother. It gave weaker economies access to lower borrowing costs and helped Europe establish itself as a financial heavyweight. Today, the euro is the second most-used reserve currency after the US dollar.

But it came at a cost. Countries that adopted the euro lost monetary sovereignty and could no longer print their own money or adjust interest rates to respond to local crises. This became painfully clear during Greece’s debt crisis, where strict monetary policies prevented the country from devaluing its currency to recover. The one-size-fits-all approach meant that economies as different as Germany and Greece had to follow the same rules, often to the detriment of weaker nations. Debt-ridden countries like Italy and Spain were forced into harsh austerity measures because they could not manipulate their currency to ease financial strain. Meanwhile, richer nations like Germany and the Netherlands felt they were unfairly propping up struggling economies, creating political tension across the EU.

In recent years, the euro has faced pressure from global trade tensions, monetary tightening, and geopolitical instability contributing to market volatility and periodic depreciation against other major currencies.

The Bretton Woods 2.0

Believe it or not, after all that, there was a call for Bretton Woods 2.0. Yet another global currency dream.

When the housing market collapsed in 2008 followed by a series of domino effects, global banks froze lending, economies contracted, and panic set in. The crisis exposed how fragile the international financial system had become as it was overly reliant on debt, under-regulated, and centered around the US dollar.

Many countries, especially in the Global South and emerging markets, started to question whether a system built around a single national currency was sustainable. 

China, for instance, had been holding huge amounts of US debt while the US printed more dollars through bailouts and quantitative easing. This created global imbalances as exporting nations were lending money to the US to keep the system running, while taking on the risk of dollar depreciation. 

In 2009, China’s central bank openly proposed replacing the US dollar with a neutral global reserve currency suggesting SDRs (Special Drawing Rights) issued by the IMF instead.

These concerns led to a wave of calls from world leaders for a “Bretton Woods 2.0” ,  a modern rethinking of the post-WWII economic order. At G20 summits in London in 2009, countries like France, China, and Russia pushed for reforms in global financial institutions and more balanced power sharing. 

In the end, the IMF received more funding, and some banking regulations were tightened in the years after. But no real overhaul happened. No surprise there? The dollar remained dominant. 

The foundation of the global economy didn’t change, even though trust in it had been deeply shaken.

The growth of BRICS

In 2023, Brazil, Russia, India, China, and South Africa began discussing the idea of a shared currency or alternative mechanism to reduce the dependence on USD ie de-dollarisation. The sanctions on Russia didn't help. After Russia’s invasion of Ukraine, the US and its allies froze Russia’s dollar reserves and cut it off from SWIFT, the “backbone of global banking communication”. This made one thing clear. If you fall out with Washington, your access to the global economy can vanish overnight.

China’s growing economic power also gave it more leverage to process alternative options. It would trade in Yuan with Russia and Iran.

I know many still say it's at its early stage, but I see many countries hedging their bets quietly and aligning with Putin and Xi. It became more obvious after US imposed tariffs on multiple nations, signaling that economic tools can double as political weapons. The world’s second financial system is slowly forming.

What is the world looking for, for the last century ?

A global currency that is 

1. Simple 

2. Free from dominant power 

3. Decentralised

4. Borderless

5. Scarce 

6. Transparent 

7. Inclusive, with self custody

8. Resilient in crisis 

9. Built for individual financial sovereignty

10. A new backbone for global finance, owned by no one

It doesn’t matter where you’re from, what politics you believe in, or how your economy leans. The answer keeps pointing in the same direction:

Bitcoin

This is the first true global currency.

And it’s just there 

Waiting...

.

.

.

---

Some books that might interest you :

1. The Battle of Bretton Woods by Benn Steil

2. Goodbye, Great Britain by Kathleen Burk and Alec Cairncross

3. The Ghost of Bancor by Tommaso Padoa-Schioppa

4. Confessions of an Economic Hitman by John Perkins

5. The Blood Bankers by James S. Henry

@ 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.

@ 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.

@ d5c440ce:04726d89

Effektiv behandling af blodsprængninger kræver en professionel tilgang og de rette metoder. Hos Klinik Zenit tilbyder vi skånsomme og dokumenterede teknikker til at reducere synligheden af blodsprængninger i ansigt og på krop. Vores behandlinger tilpasses individuelt og udføres af erfarne specialister med fokus på sikkerhed og langvarige resultater. Få vejledning om hudpleje før og efter behandlingen for at opnå det bedste resultat. Kontakt Klinik Zenit for en professionel vurdering og behandlingsplan.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• The latest firmware updates for COLDCARD devices introduce two major features: COLDCARD Co-sign (CCC) and Key Teleport between two COLDCARD Q devices using QR codes and/or NFC with a website.

What's new

• COLDCARD Co-Sign: When CCC is enabled, a second seed called the Spending Policy Key (Key C) is added to the device. This seed works with the device's Main Seed and one or more additional XPUBs (Backup Keys) to form 2-of-N multisig wallets.
  • The spending policy functions like a hardware security module (HSM), enforcing rules such as magnitude and velocity limits, address whitelisting, and 2FA authentication to protect funds while maintaining flexibility and control, and is enforced each time the Spending Policy Key is used for signing.
  • When spending conditions are met, the COLDCARD signs the partially signed bitcoin transaction (PSBT) with the Main Seed and Spending Policy Key for fund access. Once configured, the Spending Policy Key is required to view or change the policy, and violations are denied without explanation.

"You can override the spending policy at any time by signing with either a Backup Key and the Main Seed or two Backup Keys, depending on the number of keys (N) in the multisig."

• A step-by-step guide for setting up CCC is available here.

• Key Teleport for Q devices allows users to securely transfer sensitive data such as seed phrases (words, xprv), secure notes and passwords, and PSBTs for multisig. It uses QR codes or NFC, along with a helper website, to ensure reliable transmission, keeping your sensitive data protected throughout the process.

  • For more technical details, see the protocol spec.

"After you sign a multisig PSBT, you have option to “Key Teleport” the PSBT file to any one of the other signers in the wallet. We already have a shared pubkey with them, so the process is simple and does not require any action on their part in advance. Plus, starting in this firmware release, COLDCARD can finalize multisig transactions, so the last signer can publish the signed transaction via PushTX (NFC tap) to get it on the blockchain directly."

• Multisig transactions are finalized when sufficiently signed. It streamlines the use of PushTX with multisig wallets.
• Signing artifacts re-export to various media. Users are now provided with the capability to export signing products, like transactions or PSBTs, to alternative media rather than the original source. For example, if a PSBT is received through a QR code, it can be signed and saved onto an SD card if needed.
• Multisig export files are signed now. Public keys are encoded as P2PKH address for all multisg signature exports. Learn more about it here.
• NFC export usability upgrade: NFC keeps exporting until CANCEL/X is pressed.
• Added Bitcoin Safe option to Export Wallet.
• 10% performance improvement in USB upload speed for large files.
• Q: Always choose the biggest possible display size for QR.

Fixes

• Do not allow change Main PIN to same value already used as Trick PIN, even if Trick PIN is hidden.
• Fix stuck progress bar under Receiving... after a USB communications failure.
• Showing derivation path in Address Explorer for root key (m) showed double slash (//).
• Can restore developer backup with custom password other than 12 words format.
• Virtual Disk auto mode ignores already signed PSBTs (with “-signed” in file name).
• Virtual Disk auto mode stuck on “Reading…” screen sometimes.
• Finalization of foreign inputs from partial signatures. Thanks Christian Uebber!
• Temporary seed from COLDCARD backup failed to load stored multisig wallets.
• Destroy Seed also removes all Trick PINs from SE2.
• Lock Down Seed requires pressing confirm key (4) to execute.
• Q only: Only BBQr is allowed to export Coldcard, Core, and pretty descriptor.

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

News

• Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.
• Spiral renews support for Dan Gould and Joschisan. The organization has renewed support for Dan Gould, who is developing the Payjoin Dev Kit (PDK), and Joschisan, a Fedimint developer focused on simplifying federations.
• The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
• The European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets legislation (MiCA), just months after its implementation. According to Politico's report on Tuesday, the ECB is concerned that U.S. support for cryptocurrency, particularly stablecoins, could cause economic harm to the 27-nation bloc.
• Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
• The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya. The new legislation aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
• Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.

"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.

• Paul Atkins has officially assumed the role of the 34th Chairman of the US Securities and Exchange Commission (SEC). This is a return to the agency for Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under the George W. Bush administration. He has committed to advancing the SEC’s mission of fostering capital formation, safeguarding investors, and ensuring fair and efficient markets.
• Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.' The U.S. Federal Reserve withdrew guidance that discouraged banks from crypto and stablecoin activities, as announced by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.

"As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.

• Russian government to launch a cryptocurrency exchange. The country's Ministry of Finance and Central Bank announced plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
• Twenty One Capital is set to launch with over 42,000 BTC in its treasury. This new Bitcoin-native firm, backed by Tether and SoftBank, is planned to go public via a SPAC merger with Cantor Equity Partners and will be led by Jack Mallers, co-founder and CEO of Strike. According to a report by the Financial Times, the company aims to replicate the model of Michael Saylor with his company, MicroStrategy.
• Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
• Metaplanet buys another 145 BTC. The Tokyo-listed company has purchased an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
• Semler Scientific has increased its bitcoin holdings to 3,303 BTC. The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a press release.
• Tesla still holds nearly $1 billion in bitcoin. According to the automaker's latest earnings report, the firm reported digital asset holdings worth $951 million as of March 31.
• Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.

• Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.
• Arch Labs has secured $13 million to develop "ArchVM" and integrate smart-contract functionality with Bitcoin. The funding round, valuing the company at $200 million, was led by Pantera Capital, as announced on Tuesday.
• Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge utilizes the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
• UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing. The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, per Bitcoin Magazine.
• Solosatoshi.com has sold over 10,000 open-source miners, adding more than 10 PH of hashpower to the Bitcoin network.

"Thank you, Bitaxe community. OSMU developers, your brilliance built this. Supporters, your belief drives us. Customers, your trust powers 10,000+ miners and 10PH globally. Together, we’re decentralizing Bitcoin’s future. Last but certainly not least, thank you@skot9000 for not only creating a freedom tool, but instilling the idea into thousands of people, that Bitcoin mining can be for everyone again," said the firm on X.

• OCEAN's DATUM has found 100 blocks. "Over 65% of OCEAN’s miners are using DATUM, and that number is growing every day. This means block template construction is making its way back into the hands of the miners, which is not only the most profitable

@ 527337d5:93e9525e

The Algorithmic Pursuit of Connection: A Five-Book Journey into the Self

As a researcher, hitting my thirties and the winding down of a significant project prompted a crucial re-evaluation of life's latter half. While I'd successfully applied probabilistic control theory to one-on-one interactions, the complexities of group dynamics remained a persistent challenge. My recent dive into five diverse books on human relationships inadvertently became a profound journey of self-discovery, fundamentally reshaping my perspective on social connections.

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Neil Strauss: A Mirror Reflecting the Self's Evolution

Neil Strauss's The Truth resonated deepest among my recent reads. The author's battle with sex addiction uncomfortably mirrored my own past struggles: the fragile self-esteem stemming from rejection, the hubris born of early successes, and the tendency to view women as mere objects of manipulation. It felt eerily prescient, a glimpse into a potential future.

Yet, I found myself arriving at Strauss's ultimate conclusion – the paramount importance of self-preparation and community – far sooner than he did. This acceleration wasn't accidental; it was the result of intense focus on individual experiences, meticulously replayed and analyzed in my mind. The book, therefore, served less as a revelation and more as a powerful validation of my own journey of introspection and root-cause analysis.

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Quantifying Connection: The Promise and Limits of Mathematical Models

Hannah Fry's The Mathematics of Love offered a kindred spirit in its attempt to quantify human relationships. While I appreciate the mathematical lens, Fry's models primarily concern dyadic relationships (N=2), relying on relatively simple systems of two-variable ordinary differential equations. For me, these are akin to linear models, sufficient only up to a certain point. Beyond N=4, the dependencies become exponentially complex.

My own pursuit extends to understanding and optimizing group dynamics within complex systems. This involves multi-variable problems (N $\ge$ 3) and the application of network theory, a far more sophisticated approach. Human collectives, after all, are systems of nodes and edges, where information propagates in predictable ways. My focus is on deriving optimal behavioral controls within these intricate frameworks.

Conversely, Men Are from Mars, Women Are from Venus initially struck me as bordering on conspiracy theory. However, its latter half proved unexpectedly useful. Its clear enumeration of male and female desires, and its articulation of common points of conflict, presented a practical template for communication styles. In a systemic view, this serves as a rudimentary, yet functional, interface design for complex social interactions.

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A Dispassionate Critique of Relationship Dogma

My drive for efficiency and systematic understanding led to a rather blunt assessment of certain relationship classics. The New Science of Adult Attachment felt disorganized and frustratingly anecdotal. Lacking a coherent theoretical framework, it burdened the reader with deciphering meaning from a jumble of examples. Its inefficiency was, frankly, its most irksome flaw.

Similarly, Dale Carnegie's How to Win Friends and Influence People struck me as closer to pseudoscience than social science. Its plethora of specific anecdotes obscured any underlying principle. Given my deep engagement with social engineering – a discipline that systematically and practically analyzes human interaction – Carnegie's work appeared largely irrelevant and inefficient. From my perspective, which views humans as objective systems to be analyzed with mathematical rigor, such unstructured approaches hold little value.

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The Unveiling of a Core Principle: Humans as Systems

This intensive reading period solidified my most crucial insight: humans, at their core, are systems. This understanding allows for a dispassionate, methodical approach to human collectives, mitigating unnecessary emotional friction.

This revelation has sharply refined my future learning trajectory. I'm now prioritizing foundational theories like graph theory and network theory over anecdotal accounts of human behavior. By mastering these theoretical underpinnings, I aim to precisely model complex human interactions as systems of nodes and edges, enabling the derivation of optimal behavioral controls within communities.

My choice of the term "target for capture" for individuals stems from a personal aversion to perceived equality in certain human interactions, a mechanism to avoid cognitive dissonance. This rational approach, I believe, is key to cultivating secure attachment styles – relationships demonstrably sustainable in the long term. My philosophy is to strategically approach the initial engagement, then transition to a stable, enduring connection. It's a calculated, dispassionate method for achieving desired relational outcomes.

Ultimately, this period of reading wasn't just about acquiring knowledge; it was a profound journey of self-discovery, clarifying my personal frameworks for navigating life's complexities and forging meaningful, yet strategically managed, connections.

@ 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.

@ 472f440f:5669301e

Marty's Bent

J.P. Morgan CEO Jamie Dimon has long been an outspoken skeptic and critic of bitcoin. He has called Bitcoin a speculative asset, a fraud, a pet rock, and has opined that it will inevitably blow up. A couple of years ago, he was on Capitol Hill saying that if he were the government, he would "close it down". Just within the last month, he was on Fox Business News talking with Maria Bartiromo, proclaiming that the U.S. should be stockpiling bullets and rare earth metals instead of bitcoin. It's pretty clear that Jamie Dimon, who is at the helm of the most powerful and largest bank in the world, does not like bitcoin one bit.

Evidence below:

via Bitcoin Magazine

via me

via CNBC

via Trending Politics

Despite Dimon's distinguished disdain for Bitcoin, J.P. Morgan cannot deny reality. The CEO of the largest bank in the world is certainly a powerful man, but no one individual, even in the position that Jamie Dimon is in, is more powerful than the market. And the market has spoken very clearly, it is demanding bitcoin. The Bitcoin ETFs have been the most successful ETFs in terms of pace of growth since their launch. They've accumulated tens of billions of dollars in AUM in a very short period of time. Outpacing the previous record set by the gold ETF, GLD.

Whether or not Jamie Dimon himself likes Bitcoin doesn't matter. J.P. Morgan, as the largest bank in the world and a publicly traded company, has a duty to shareholders. And that duty is to increase shareholder value by any ethical and legal means necessary. Earlier today, J.P. Morgan announced plans to offer clients financing against their Bitcoin ETFs, as well as some other benefits, including having their bitcoin holdings recognized in their overall net worth and liquid assets, similar to stocks, cars, and art, which will be massive for bitcoiners looking to get mortgages and other types of loans.

via Bloomberg

I've talked about this recently, but trying to buy a house when most of your liquid net worth is held in bitcoin is a massive pain in the ass. Up until this point, if you wanted to have your bitcoin recognized as part of your net worth and count towards your overall credit profile, you would need to sell some bitcoin, move it to a bank account, and have it sit there for a certain period of time before it was recognized toward your net worth. This is not ideal for bitcoiners who have sufficient cash flows and don't want to sell their bitcoin, pay the capital gains tax, and risk not being able to buy back the amount of sats they were forced to sell just to get a mortgage.

It's not yet clear to me whether or not J.P. Morgan will recognize bitcoin in cold storage toward their clients' net worth and credit profile, or if this is simply for bitcoin ETFs only. However, regardless, this is a step in the right direction and a validation of something that many bitcoiners have been saying for years. Inevitably, everyone will have to bend the knee to bitcoin. Today, it just happened to be the largest bank in the world. I expect more of this to come in the coming months, years, and decades.

Lyn Alden likes to say it in the context of the U.S. national debt and the fiscal crisis, but it also applies to bitcoin adoption and the need for incumbents to orient themselves around the demands of individual bitcoiners; nothing stops this train.

Corporate Bitcoin Treasuries are Changing Market Dynamics

Leon Wankum revealed how corporate Bitcoin treasuries are fundamentally reshaping business dynamics. Companies can now issue equity to fund operations while preserving their Bitcoin holdings, creating a revolutionary capital structure. Leon highlighted MicroStrategy's position, noting they hold enough Bitcoin to cover dividend payments for over 200 years. This model enables companies to reduce founder dilution since they don't need repeated funding rounds when their treasury appreciates.

"Some companies' Bitcoin treasuries are now worth more than all money they've ever raised." - Leon Wankum

Leon shared examples from his own portfolio companies where this strategy has proven transformative. Public companies have discovered an entirely new business model through strategic dilution that actually increases BTC per share. As Leon explained, this approach allows firms to leverage equity markets for operational funding while their Bitcoin treasury compounds in value, creating a positive feedback loop that benefits both shareholders and the company's long-term sustainability.

Check out the full podcast here for more on real estate price cycles, Bitcoin lending products, and the transition to a Bitcoin standard.

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Headlines of the Day

California May Seize Idle Bitcoin After 3 Years - via X

Semler Scientific Buys $20M More Bitcoin, Holds $467M - via X

US Home Sellers Surge as Buyers Hit 4-Year Low - via X

Get our new STACK SATS hat - via tftcmerch.io

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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

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Ten31, the largest bitcoin-focused investor, has deployed $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...

I feel old.

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Subscribe to our YouTube channels and follow us on Nostr and X:

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• Wasabi Wallet v2.6.0 "Prometheus" is a major update for the project, focused on resilience and independence from centralized systems.
• Key features include support for BIP 158 block filters for direct node synchronization, a revamped full node integration for easier setup without third-party reliance, SLIP 39 share backups for flexible wallet recovery (sponsored by Trezor), and a Nostr-based update manager for censorship-resistant updates.
• Additional improvements include UI bug fixes, a new fallback for transaction broadcasting, updated code signing, stricter JSON serialization, and options to avoid third-party rate providers, alongside various under-the-hood enhancements.

This new version brings us closer to our ultimate goal: ensuring Wasabi is future-proof," said the developers, while also highlighting the following key areas of focus for the project:

• Ensuring users can always fully and securely use their client.
• Making contribution and forks easy through a codebase of the highest quality possible: understandable, maintainable, and improvable.

"As we achieve our survival goals, expect more cutting-edge improvements in Bitcoin privacy and self-custody. Thank you for the trust you place in us by using Wasabi," was stated in the release notes.

What's new

• Support for Standard BIP 158 Block Filters. Wasabi now syncs using BIP 158 filters without a backend/indexer, connecting directly to a user's node. This boosts sync speed, resilience, and allows full sovereignty without specific server dependency.
• Full Node Integration Rework. The old integration has been replaced with a simpler, more adaptable system. It’s not tied to a specific Bitcoin node fork, doesn’t need the node on the same machine as Wasabi, and requires no changes to the node’s setup.
  • "Simply enable the RPC server on your node and point Wasabi to it," said the developers. This ensures all Bitcoin network activities—like retrieving blocks, fee estimations, block filters, and transaction broadcasting—go through your own node, avoiding reliance on third parties.
• Create & Recover SLIP 39 Shares. Users now create and recover wallets with multiple share backups using SLIP 39 standard.

"Special thanks to Trezor (SatoshiLabs) for sponsoring this amazing feature."

• Nostr Update Manager. This version implements a pioneering system with the Nostr protocol for update information and downloads, replacing reliance on GitHub. This enhances the project's resilience, ensuring updates even if GitHub is unavailable, while still verifying updates with the project's secure certificate.
• Updated Avalonia to v11.2.7, fixes for UI bugs (including restoring Minimize on macOS Sequoia).
• Added a configurable third-party fallback for broadcasting transactions if other methods fail.
• Replaced Windows Code Signing Certificate with Azure Trusted Signing.
• Many bug fixes, improved codebase, and enhanced CI pipeline.
• Added the option to avoid using any third-party Exchange Rate and Fee Rate providers (Wasabi can work without them).
• Rebuilt all JSON Serialization mechanisms avoiding default .NET converters. Serialization is now stricter.

Full Changelog: v2.5.1...v2.6.0

Announcement / Archive
GitHub Repo

@ 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.

@ 7460b7fd:4fc4e74b

TRX 与 Crypto 政治代理模型：从哈耶克到稳定币主权

Crypto 即政治：从“罪”与“犯”的隐喻谈主权分化

“加密货币即政治”并非危言耸听。在社会分类中，“违法”与“犯罪”是两个层次的概念：前者意味着契约或规则的违背，而后者则是在权力结构下对自由行动者的政治性压制。换言之，有些行为本身并无“原罪”，却因触犯统治者利益被贴上“犯罪”的标签。这正如法学中对自然犯（mala in se，如偷盗谋杀等天生有害的行为）和法定犯（mala prohibita，因立法禁令才成为犯罪的行为）的区分。当代货币体系中，国家对货币发行与流通的垄断，造就了主权货币与“非法货币”的二元对立。奥地利学派经济学家哈耶克早在《货币的非国家化》中就预言：如果允许私人发行货币与法币公开竞争，最终能保持购买力稳定的货币将胜出finance.sina.cn。哈耶克认为政府垄断发行的不稳定货币终将让位于更稳定的竞争货币finance.sina.cn——这一观点在加密时代愈发具有隐喻意义。

如今的 Crypto 网络即是主权的实验场。各国监管者对稳定币、链上资金流动和法币通道的管控，构成了对加密行动者的“违法/犯罪”判定。例如，使用未授权稳定币进行跨境转账、绕过资本管制，并不违反当事人之间的契约，却往往被视作违法甚或犯罪行为——原因无他，只因这挑战了既有的金融主权架构。现象学视角提醒我们，应透过现象看本质：当执法者将自由交易行为定性为“犯罪”，正是传统主权对新兴数字主权的压制。Crypto世界中，“合法”与“非法”的界线并非由道德决定，而是由谁掌握规则决定。这为理解 Crypto 生态内各阵营的主权分化提供了理论框架：哪个网络掌握了自主的规则制定权，哪个网络就赢得了主权话语权。

稳定币主权与 TRX：黑灰资金的草根网络

稳定币是当前加密领域主权争夺的核心工具。最典型者莫过于 USDT 等美元锚定币——它们由私人公司发行，却承载着超主权货币的野心。尤其在 Tron（波场）网络 上，USDT 展现出惊人的统治力。2025年4月，波场上的 USDT 流通量突破700亿美元，占全球 USDT 总发行量近一半finance.sina.com.cn。截至今年5月，波场TRON上流通的 USDT 数量已反超以太坊，成为全球最大的稳定币发行与结算网络coindesk.comcoindesk.com。这种格局绝非偶然——波场独特的资源冻结机制（用户可冻结TRX获取带宽/能量从而基本免费交易）降低了交易门槛，使得小额高频的资金流动极为廉价。这使 TRX 链天然成为草根资金的“结算主链”，承接了大量主流金融体系之外的资金需求。

更值得关注的是波场上的黑市/灰色地带资金流动。低费率、高效率和对审查相对宽松的特性，吸引了大量游走于监管边缘的资本选择TRX链作为避风港。据区块链分析公司 TRM Labs 报告，2024年全球非法加密交易中有超过一半发生在 Tron 网络上，金额高达260亿美元dlnews.comdlnews.com。这些非法活动包括与受制裁实体相关的转账、诈骗黑客资金洗白以及暗网交易等dlnews.com。不法分子之所以青睐波场，正是看中了其稳定币通道和低交易成本等优势dlnews.com。北韩黑客在2024年盗取的8亿美元加密资产，大部分在数小时内经由波场链上的USDT迅速转移dlnews.com。联合国的分析同样指出，波场网络上的 USDT 已成为东亚地区欺诈和洗钱者的“首选”工具dlnews.com。由此可见，波场实际上扮演着**“无照金融公路”的角色：那些被传统金融体系拒之门外、没有正规交易所资格的人，可以通过波场上的USDT完成跨境汇兑和大额交易。这种自下而上的草根主权**，在波场网络上得到了前所未有的市场化体现。

当然，“草根主权”的另一面是高风险和争议。Tether公司虽偶有配合监管冻结特定链上地址，但波场整体上对资金流向的管束远不如银行体系。这使其成为地下资金的温床，也令波场背负“黑钱温床”的骂名。然而，换个角度看，这正验证了那句箴言：革命者在暴政者眼中即是罪犯。波场承载的灰色资金，恰恰反映了主流权力视角下的“犯罪”，但对于使用这些渠道的普通人来说，这可能只是追寻金融自由和机会的务实选择。

孙宇晨的政治人格：主权代理人的崛起

如果说波场TRON成为“无声多数”的金融主权载体，那么其创始人孙宇晨则高调地扮演起了加密世界的政治代理人。一直以来，加密圈华人创业者往往秉持“闷声发财、远离政治”的生存哲学，然孙宇晨选择了截然不同的道路：主动以政治为剧本，塑造个人和项目的话语权。

首先，他直接介入了美国的政治舆论场。2024年底以来，孙宇晨高调参与前总统川普推出的加密项目：斥资数千万美元认购“Trump系列”代币，成为该项目最大公开投资人之一reuters.com。2025年5月，孙宇晨作为头号持币者出席了川普在弗吉尼亚高尔夫俱乐部举办的私宴，与川普同台亮相reuters.com。他不仅以约1.85亿美元等值的钱包额度夺得饭局“竞标”第一名，还受邀成为川普家族加密平台 World Liberty Financial 的顾问reuters.com。这场引发争议的晚宴上，孙宇晨西装革履出镜，高调宣示其政治立场。巧合的是，就在饭局前后，美国证券交易委员会（SEC）突然宣布暂停此前对孙宇晨提起的证券欺诈诉讼，理由是“基于公共利益”reuters.com。这一戏剧性转折不禁令人生疑：孙宇晨深谙政治筹码运作之道，懂得借助美国权力更迭的契机为自己谋得一张“豁免令”。他在X平台（推特）上感慨对邀请心怀感激reuters.com——无形中传达出与未来政治盟友结盟的信号。

其次，孙宇晨积极布局中立主权地区，塑造自身的国际政治身份。他早在2019年即移居新加坡，将波场基金会设立于此，以避开中国大陆的监管高压。更令人瞩目的是，2021年底孙宇晨受聘出任加勒比海国家格林纳达驻世贸组织代表，正式踏入外交圈aljazeera.comaljazeera.com。身为一名加密创业者，却摇身一变成为“孙大使”，这在币圈乃至政坛都属破天荒之举。孙宇晨对媒体直言，加密行业发展到了需要主权国家和国际组织正视其潜力的阶段，他将致力于让区块链获得更多国家的认可aljazeera.com。他特别提到加勒比国家具有成为“下一个新加坡”的潜力：“加勒比国家离美国很近，但又不在美国，这非常关键。在美国境内你会陷入严苛监管和税收，而在加勒比，你可以避开这些桎梏。”aljazeera.com。这番话道出了孙宇晨战略的精髓——借助小国中立地带实现进可攻退可守的布局：既贴近美国这样的核心市场获取影响力，又保持独立主权豁免于其监管范围。

再次，孙宇晨还在国际舆论和文化象征上进行政治表态：例如高调竞拍知名艺术品、与名人互动、甚至不避讳与政治敏感人物（如特朗普阵营）同台。reuters.com川普在活动上直言“拜登政府迫害了加密创新者，我们要把他们带回美国”，孙宇晨的出现无疑为这一论调背书。在国内外社交媒体上，他乐于以“搞事者”形象示人，时而炮轰监管不公，时而与监管机构周旋谈判。从购买巴菲特午餐到押注川普NFT，从宣布波场成为多米尼加共和国官方公链到在洪都拉斯建立加密公司，他一再突破华人企业家避讳政治的传统藩篱，塑造出一个敢于同各国势力斡旋的主权代言人形象。市场也给予了正向反馈：在2023-2025这一轮震荡周期中，TRX价格和生态韧性远超许多竞争对手；波场不仅未被监管风暴击沉，反而因其政治押注而收获新增用户和资金青睐（USDT市值占比的提升即是一例finance.sina.com.cn）。孙宇晨个人也凭借外交官身份游走于各国高层，增强了项目背书的公信力。

与孙宇晨类似，币安创始人赵长鹏（CZ）也体现了“Crypto政治代理人”的影子。作为另一位华人加密巨头，CZ深知监管博弈的重要：币安从中国出发，几经辗转注册地于马耳他、开曼等地，近年来又与迪拜、阿布扎比等中东监管方建立良好关系。尽管币安在美国也受到诉讼挑战，但CZ本人频繁出席各国峰会、主动配合调查、游说政策制定者，其全球公关布局使 BNB 等币安生态资产始终享有一定溢价。可以说，孙宇晨和CZ代表的“华人币”之所以在风雨飘摇的市场中幸存并趋强，正是因为他们扮演了超越技术层面的政治角色：当绝大多数项目埋头编码或躲避监管时，他们选择直面政治、影响政治。

技术乌托邦的失语：ETH、SOL、XRP、ADA 的失速

将波场TRX和币安BNB的经历与其他主流链对照，更能突显“政治代理机制”的缺失所带来的代价。以太坊（ETH）、Solana（SOL）、瑞波（XRP）、Cardano（ADA）等项目，各有辉煌的技术远景或社区共识，却在本轮周期里不同程度陷入了失语和失速状态，一个重要原因正是缺乏有效的政治代理。

• 以太坊：作为智能合约的开创者，以太坊一直醉心于技术迭代和去中心化理想。然而，面对现实世界的监管压力，以太坊社区显得相对被动甚至天真。2021年后，美国制裁“Tornado Cash”等事件使以太坊网络一度出现矿工/验证者自我审查（OFAC合规）的现象，凸显出去中心化网络在政治压力下的脆弱。以太坊基金会和维塔利克等核心人物选择回避直接介入政治角力，试图以技术中立自守。但结果是，在稳定币领域，以太坊逐渐让出优势：USDT更多地流向了“不问来路”的波场，而USDC这种受美国监管严格的稳定币虽然依赖以太坊，却因为监管风险屡屡遭遇增发受限、黑名单冻结等情况。这使得以太坊在**“金融主权承载”**方面的话语权削弱。没有政治代理人替以太坊发声，其技术优势难以转化为对抗监管的筹码。相反，我们看到SEC在近期诉讼中对ETH网开一面（未将ETH列为证券），某种程度上是因其高度依赖美国企业（如Coinbase、Circle）的合规运营——这并非政治胜利，而更像被纳入现有规则体系的被动选择。

• Solana、Cardano：这两条后起之秀公链，一个以极致性能著称，一个以学术范严谨著称。然而，他们在制度博弈上都缺乏存在感。2023年，美国SEC在对币安、Coinbase等交易所的诉讼中，点名将 SOL、ADA 等列为未经注册的证券，导致相关代币价格暴跌、机构退避cointelegraph.com。SOL和ADA团队自身并无强有力的政治资源予以反击：Solana团队更多精力放在修复网络停机和拓展应用上，对监管定性只能听天由命；Cardano的查尔斯·霍斯金森虽活跃社交媒体，但更多是科普技术和理念，对抗监管的实际影响力有限。当监管大棒挥下，这些专注技术的项目只能被动接受市场信心滑坡的现实。简言之，缺少政治代理等于缺少话语权——无论技术多优，没有人在权力场为你据理力争，你的话语权就只能拱手让人。

• 瑞波 XRP：作为对比，XRP的境遇更具讽刺意味。瑞波公司早早意识到监管的重要性，选择在美国走法律途径与SEC对簿公堂，试图以司法胜利换取地位合法。cointelegraph.com2023年中，瑞波在诉讼中部分胜诉，法院认定XRP本身不是证券，这看似是政治博弈的成果。然而，诉讼旷日持久耗费了瑞波数年的黄金发展期。期间XRP市场份额和舆论热度大不如前，新兴稳定币和跨境支付方案已趁虚而入。可以说，瑞波是少数走上前台直接对抗美国监管的项目，但孤军奋战终究力量有限：没有更广泛政治联盟支撑，胜利也难掩失地之痛。相比之下，孙宇晨选择的并非司法缠斗，而是迂回结盟，这种灵活的政治手腕或许更为有效。

归根结底，ETH、SOL、ADA 等在本轮周期的失速，提醒我们技术乌托邦需要现实政治护航。那些沉迷于宏大技术愿景却忽视政治策略的项目，往往在监管和资本博弈中败下阵来。反观TRX和BNB，一方面技术上并无颠覆性创新（波场VM几乎就是以太坊的变体，BNB Chain 也高度模仿以太架构），但却凭借政治上的主动赢得了市场认可——市值和生态逆势增长就是明证。

结论：主权表达的市场化工具

“从哈耶克到稳定币主权”，我们见证的是货币形态和政治形态的双重演进。哈耶克式的货币竞争思想在加密时代照进现实：私人发行的数字货币在与法定货币争夺稳定性和信任，而这一过程本质上就是主权的竞争与表达。加密货币从来都不仅是冷冰冰的技术产品，更是不断演化的主权表达的市场化工具。每一条公链、每一个代币，都在尝试承载某种主权意志：要么是传统国家主权的延伸（例如各国央行数字货币CBDC），要么是新兴数字共同体的自治主权，要么像USDT/波场这样，成为无国籍资本的影子主权。

TRX 的兴起充分说明，加密项目要取得长足发展，技术功能固然重要，但更关键的是充当“底层政治协调物”的能力。波场并没有因为VM设计优雅而胜出，而是因为它契合了特定政治经济环境下的市场需求：在强监管与资本外流并存的亚洲新兴市场，在美欧银行体系排斥的一角，波场提供了一个去中心化的政治避难所，让资本在不同主权之间自由穿行。aljazeera.com波场作为稳定币和博彩应用的主要载体，被贴上了“不受待见”的标签，但这正是另一种形式的民意表达。市场选择波场，并赋予TRX正溢价，正是对其他缺乏政治承载力项目的集体投票。

“Crypto 即政治”并非说技术不重要，而是强调技术的成败取决于其所嵌入的政治坐标。当ETH坚持代码法则时，TRX已经学会了在代码之上玩转权力棋局；当SOL醉心于极限TPS时，BNB已将自己融入全球离岸金融版图。展望未来，加密世界的竞争将更加赤裸地表现为主权影响力的竞争。谁能更好地平衡各方主权、充当不同利益的代理人，谁就能在市场中取得优势。这或许是加密运动发展至今给我们的最大的启示：去中心化的终点，并非消弭政治，而是重构政治。加密货币让更多人有机会参与主权的创造和表达，而TRX等“政治积极型”项目的案例则证明了，在市场的维度上，政治选择和市场选择早已融为一体。

参考资料：

• 哈耶克主张由私人发行货币与法币竞争finance.sina.cn

• 波场TRON上USDT流通量突破700亿美元，占全球近半finance.sina.com.cn

• TRON超越以太坊成最大USDT发行网络coindesk.comcoindesk.com

• 2024年约260亿美元非法资金经由波场转移，居各链之首dlnews.comdlnews.com

• 波场低费用和稳定币优势吸引大量黑灰产资金dlnews.com

• 孙宇晨高调参与特朗普家族加密项目，成为最大持币者之一reuters.com

• 美国SEC出于“公共利益”暂停对孙宇晨的诉讼reuters.com

• 孙宇晨出任格林纳达驻世贸组织代表，波场成加勒比官方合作链aljazeera.comaljazeera.com

• 孙宇晨称需让主权国家正视区块链潜力，将精力投向国家层面的推动aljazeera.com

• 美国SEC曾在诉讼中将SOL、ADA等列为未经注册证券，后放弃相关请求cointelegraph.com

@ 7f6db517:a4931eda

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

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

— ODELL (@ODELL) September 16, 2018

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

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

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

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

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

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

@ 7f6db517:a4931eda

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

Live Free or Die.

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

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

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

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

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

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

@ 7f6db517:a4931eda

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

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

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

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

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

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

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

@ 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.

@ 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.

@ a5ee4475:2ca75401

clients #link #list #english #article #finalversion #descentralismo

*These clients are generally applications on the Nostr network that allow you to use the same account, regardless of the app used, keeping your messages and profile intact.

**However, you may need to meet certain requirements regarding access and account NIP for some clients, so that you can access them securely and use their features correctly.

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CLIENTS

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Twitter like

• Nostrmo - [source] 🌐💻(🐧🪟🍎)🍎🤖(on zapstore)
• Coracle - Super App [source] 🌐🤖(on zapstore)
• Amethyst - Super App with note edit, delete and other stuff with Tor [source] 🤖(on zapstore)
• Primal - Social and wallet [source] 🌐🍎🤖(on zapstore)
• Iris - [source] 🌐🤖🍎
• Current - [source] 🤖🍎
• FreeFrom 🤖🍎
• Openvibe - Nostr and others (new Plebstr) [source] 🤖🍎
• Snort 🌐(🤖[early access]) [onion] [source]
• Damus 🍎 [source]
• Nos 🍎 [source]
• Nostur 🍎 [source]
• NostrBand 🌐 [info] [source]
• Yana [source] 🌐💻(🐧) 🍎🤖(on zapstore)
• Nostribe [on development] 🌐 [source]
• Lume 💻(🐧🪟🍎) [info] [source]
• Gossip - [source] 💻(🐧🪟🍎)
• noStrudel - Gamified Experience [onion] [info/source] 🌐
• [Nostrudel Next] - [onion]
• moStard - Nostrudel with Monero [onion] [info/source] 🌐
• Camelus - [source] 🤖 [early access]

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Community

• CCNS - Community Curated Nostr Stuff [source]
• Nostr Kiwi [creator] 🌐
• Satellite [info] 🌐
• Flotilla - [source] 🌐🐧🤖(on zapstore)
• Chachi - [source] 🌐
• Futr - Coded in haskell [source] 🐧 (others soon)
• Soapbox - Comunnity server [info] [source] 🌐
• Ditto - Soapbox community server 🌐 [source] 🌐
• Cobrafuma - Nostr brazilian community on Ditto [info] 🌐
• Zapddit - Reddit like [source] 🌐
• Voyage (Reddit like) [on development] 🤖

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Wiki

• Wikifreedia - Wiki Dark mode [source] 🌐
• Wikinostr - Wiki with tabs clear mode [source] 🌐
• Wikistr - Wiki clear mode [info] [source] 🌐

---

Search

• Keychat - Signal-like chat with AI and browser [source] 💻(🐧🪟🍎) - 📱(🍎🤖{on zapstore})
• Spring - Browser for Nostr apps and other sites [source] 🤖 (on zapstore)
• Advanced nostr search - Advanced note search by isolated terms related to a npub profile [source] 🌐
• Nos Today - Global note search by isolated terms [info] [source] 🌐
• Nostr Search Engine - API for Nostr clients [source]
• Ntrends - Trending notes and profiles 🌐

---

Website

• Nsite - Nostr Site [onion] [info] [source]
• Nsite Gateway - Nostr Site Gateway [source]
• Npub pro - Your site on Nostr [source]

---

App Store

ZapStore - Permitionless App Store [source] 🤖 💻(🐧🍎)

---

Video and Live Streaming

• Flare - Youtube like 🌐 [source]
• ZapStream - Lives, videos, shorts and zaps (NIP-53) [source] 🌐 🤖(lives only | Amber | on zapstore)
• StreamCat - [source code dont found]
• Shosho - Stream your camera [source] 🤖(on zapstore)
• Swae - Live streaming [source] (on development) ⏳

Post Aggregator - Kinostr - Nostr Cinema with #kinostr [english] [author] 🌐 - Stremstr - Nostr Cinema with #kinostr [english] [source] 🤖

Link Agreggator - Kinostr - #kinostr - Nostr Cinema Profile with links [English] - Equinox - Nostr Cinema Community with links [Portuguese]

---

Audio and Podcast Transmission

• Castr - Your npub as podcast feed [source]
• Nostr Nests - Audio Chats [source] 🌐
• Fountain - Podcast [source] 🤖🍎
• Corny Chat - Audio Chat [source] 🌐

---

Music

• Tidal - Music Streaming [source] [about] [info] 🤖🍎🌐
• Wavlake - Music Streaming [source] 🌐(🤖🍎 [early access])
• Tunestr - Musical Events [source] [about] 🌐
• Stemstr - Musical Colab (paid to post) [source] [about] 🌐

---

Images

• Lumina - Trending images and pictures [source] 🌐
• Pinstr - Pinterest like [source] 🌐
• Slidestr - DeviantArt like [source] 🌐
• Memestr - ifunny like [source] 🌐

---

Download and Upload

• DTAN - Distributed Torrent Archive on Nostr [info] [source] 🌐

---

Documents, graphics and tables

• Mindstr - Mind maps [source] 🌐
• Docstr - Share Docs [info] [source] 🌐
• Formstr - Share Forms [info] 🌐
• Sheetstr - Share Spreadsheets [source] 🌐
• Slide Maker - Share slides 🌐 [Advice: Slide Maker https://zaplinks.lol/ site is down]

---

Health

• Sobrkey - Sobriety and mental health [source] 🌐
• Runstr - Running app [source] 🌐
• NosFabrica - Finding ways for your health data 🌐
• LazerEyes - Eye prescription by DM [source] 🌐

---

Forum

• OddBean - Hacker News like [info] [source] 🌐
• LowEnt - Forum [info] 🌐
• Swarmstr - Q&A / FAQ [info] 🌐
• Staker News - Hacker News like 🌐 [info]

---

Direct Messenges (DM)

• 0xchat 🤖🍎 [source]
• Nostr Chat 🌐🍎 [source]
• Blowater 🌐 [source]
• Anigma (new nostrgram) - Telegram based [on development] [source]

---

Reading

• Oracolo - A minimalist Nostr html blog [source]
• nRSS - Nostr RSS reader 🌐
• Highlighter - Insights with a highlighted read [info] 🌐
• Zephyr - Calming to Read [info] 🌐
• Flycat - Clean and Healthy Feed [info] 🌐
• Nosta - Check Profiles [on development] [info] 🌐
• Alexandria - e-Reader and Nostr Knowledge Base (NKB) [source] 🌐

---

Writing

• Habla - Blog [info] 🌐
• Blogstack - Blog [info]🌐
• YakiHonne - Articles and News [info] 🌐🍎🤖(on zapstore)

---

Lists

• Following - Users list [source] 🌐
• Nostr Unfollower - Nostr Unfollower
• Listr - Lists [source] 🌐
• Nostr potatoes - Movies List [source] 💻(numpy)

---

Market and Jobs

• Shopstr - Buy and Sell [onion] [source] 🌐
• Nostr Market - Buy and Sell 🌐
• Plebeian Market - Buy and Sell [source] 🌐
• Ostrich Work - Jobs [source] 🌐
• Nostrocket - Jobs [source] 🌐

---

Data Vending Machines - DVM (NIP90)

(Data-processing tools)

• Noogle - [source] 🌐
• Vendata - [source] 🌐
• TaskTiger 🌐
• Malware DVMs 🌐

---

Games

• Chesstr - Chess 🌐 [source]
• Jestr - Chess [source] 🌐
• Snakestr - Snake game [source] 🌐
• Snakes on a Relay - Multiplayer Snake game like slither.io [source] 🌐

ENGINES - DEG Mods - Decentralized Game Mods [info] [source] 🌐 - NG Engine - Nostr Game Engine [source] 🌐 - JmonkeyEngine - Java game engine [source] 🌐

---

Customization

• Emojito - Send Funny Stickers to React 🌐 [creator]

---

Like other Services

• Olas - Instagram like [source] 🌐🍎🤖(on zapstore)
• Nostree - Linktree like 🌐
• Rabbit - TweetDeck like [info] 🌐
• Zaplinks - Nostr links 🌐
• Omeglestr - Omegle-like Random Chats [source] 🌐

---

General Uses

• Njump - HTML text gateway source 🌐
• Filestr - HTML midia gateway [source] 🌐
• W3 - Nostr URL shortener [source] 🌐
• Playground - Test Nostr filters [source] 🌐

---

Places

• Wherostr - Travel and show where you are
• Arc Map (Mapstr) - Bitcoin Map [info]

---

Driver and Delivery

• RoadRunner - Uber like [on development] ⏱️
• Nostrlivery - iFood like [on development] ⏱️

⚠️ SCAM ⚠️ | Arcade City - Uber like [source]

---

OTHER STUFF

---

Lightning Wallets (zap)

• Wallet of Satoshi - Simplest Lightning Wallet [info] 🤖🍎
• Coinos - Web wallet and Nostr client [source] 🌐
• Alby - Native and extension [info] [source] 🌐
• Minibits - Cashu mobile wallet [info] 🤖
• LNbits - App and extension [source] 🤖🍎💻
• Zeus - [info] [source] 🤖🍎
• Blink - Open source custodial wallet (KYC over 1000 usd) [source] 🤖🍎

⚠️ ZBD - Zap Gaming wallet and no more Social [closed source] [info] [some resources] 🤖 ⚠️ ZBD suddenly canceled my account for alleged Terms of Service violations, gives me no explanation and won't let me withdraw my money ⚠️

Without Zap - Wassabi Wallet - Privacy-focused and non-custodial with Nostr Update Manager [source]

---

Exchange

• Mostro - P2P lightning exchange on Nostr [info] 🌐
• Emptio - Bitcoin P2P on Nostr [on development]

---

Media Server (Upload Links)

audio, image and video

Connected with Nostr (NIP):

• Nostr Build - Free and paid Upload [info] [source] 🌐
• NostrMedia - Written in Go with Nip 96 / Blossom (free and paid) [info] [source]
• Nostr Check - [info] [source] 🌐
• NostPic - [info] [source] 🌐
• Sovbit - Free and paid upload [info] [source] 🌐
• Voidcat - Nip-96 and Blossom [source] 🌐
• Primal Media - Primal Media Uploader [source] 🌐

Blossom - Your Media Safer

• Primal Blossom 🌐
• NostrBuild Blossom - Free upload (max 100MiB) and paid [info] [source] 🌐

Paid Upload Only

• Satellite CDN - prepaid upload (max 5GB each) [info] [source] 🌐

Without Nostr NIP:

• Pomf - Upload larger videos (max 1GB) [source]
• Catbox - max 200 MB [source]
• x0 - max 512 MiB [source]

---

Donation and payments

• Zapper - Easy Zaps [source] 🌐
• Autozap [source] 🌐
• Zapmeacoffee 🌐
• Nostr Zap 💻(numpy)
• Creatr - Creators subscription 🌐
• Geyzer - Crowdfunding [info] [source] 🌐
• Heya! - Crowdfunding [source]

---

Security

• Secret Border - Generate offline keys 💻(java)
• Umbrel - Your private relay [source] 🌐

---

Key signing/login and Extension

• Amber - Key signing [source] 🤖(on zapstore)
• Nowser - Account access keys 📱(🤖🍎) 💻(🐧🍎🪟)
• Nos2x - Account access keys 🌐
• Nsec.app 🌐 [info]
• Lume - [info] [source] 🐧🪟🍎
• Satcom - Share files to discuss - [info] 🌐
• KeysBand - Multi-key signing [source] 🌐

---

Code

• Stacks - AI Templates [info] [source] 🌐
• Nostrify - Share Nostr Frameworks 🌐
• Git Workshop (github like) [experimental] 🌐
• Gitstr (github like) [on development] ⏱️
• Osty [on development] [info] 🌐
• Python Nostr - Python Library for Nostr
• Sybil - Creating, managing and test Nostr events [on development] ⏱️

---

Relay Check and Cloud

• Nostr Watch - See your relay speed 🌐
• NosDrive - Nostr Relay that saves to Google Drive

---

Bidges and Getways

• Matrixtr Bridge - Between Matrix & Nostr
• Mostr - Between Nostr & Fediverse
• Nostrss - RSS to Nostr
• Rsslay - Optimized RSS to Nostr [source]
• Atomstr - RSS/Atom to Nostr [source]

Useful Profiles and Trends

nostr-voice - Voice note (just some clients)

---

NOT RELATED TO NOSTR

---

Voca - Text-to-Speech App for GrapheneOS [source] 🤖(on zapstore)

Android Keyboards

• Futo - Gboard like [source]
• Florisboard - [source]
• Heliboard - Openboard based [source]

---

Personal notes and texts

• Joplin - privacy-focused note taking app with sync capabilities [source] 📱(🤖🍎) - 💻 (🐧🪟🍎)

---

Front-ends

• Nitter - Twitter / X without your data [source]
• NewPipe - Youtube, Peertube and others, without account & your data [source] 🤖
• Piped - Youtube web without you data [source] 🌐

---

Other Services

• Brave - Browser [source]
• DuckDuckGo - Search [source]
• LLMA - Meta - Meta open source AI [source]
• DuckDuckGo AI Chat - Famous AIs without Login [source]
• Proton Mail - Mail [source]

Other open source index: Degoogled Apps

---

Some other Nostr index on:

Nostr Apps | Nostorg | Awesome Nostr

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• "Today we're launching the beta version of our multiplatform Nostr browser! Think Google Chrome but for Nostr apps. The beta is our big first step toward this vision," announced Damus.
• This version comes with the Dave Nostr AI assistant, support for zaps and the Nostr Wallet Connect (NWC) wallet interface, full-text note search, GIFs and fullscreen images, multiple media uploads, user tagging, relay list and mute list support, along with a number of other improvements."

"Included in the beta is the Dave, the Nostr AI assistant (its Grok for Nostr). Dave is a new Notedeck browser app that can search and summarize notes from the network. For a full breakdown of everything new, check out our beta launch video."

What's new

• Dave Nostr AI assistant app.
• GIFs.
• Fulltext note search.
• Add full screen images, add zoom, and pan.
• Zaps! NWC/ Wallet UI.
• Introduce last note per pubkey feed (experimental).
• Allow multiple media uploads per selection.
• Major Android improvements (still WIP).
• Added notedeck app sidebar.
• User Tagging.
• Note truncation.
• Local network note broadcast, broadcast notes to other notedeck notes while you're offline.
• Mute list support (reading).
• Relay list support.
• Ctrl-enter to send notes.
• Added relay indexing (relay columns soon).
• Click hashtags to open hashtag timeline.
• Fixed timelines sometimes not updating (stale feeds).
• Fixed UI bounciness when loading profile pictures
• Fixed unselectable post replies.

Announcement / Archive
GitHub Repo
Website

@ 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

@ a296b972:e5a7a2e8

In dem Video geht es um Dietrich Bonhoeffer, wie er sich zu Dummheit und vorsätzlicher bzw. rationaler Ignoranz geäußert hat. Schon seit einiger Zeit geht bei vielen Seltsames vor: Sie werden mit einem Thema persönlich konfrontiert und postum gibt es genau zu diesem Thema ein Video oder einen Artikel. Das kommt manchmal so vor, wie ein Frage- und Antwort-Spiel innerhalb der Schwarm-Intelligenz. Irgendwie spooky.

Die erschreckende Theorie der Dummheit, die Sie nie hören sollten - Dietrich Bonhoeffer: https://www.youtube.com/watch?v=PH-Vs5ILEko

Dem Entdecken, oder besser, dem Auf-einen-Zukommen, ist dieser E-Mail-Schriftverkehr in zeitlichem Zusammenhang vorausgegangen:

Nachfrage zu einem Aufruf durch einen Mitarbeiter zur Blutspende in einem Unternehmen mit über 100 Mitarbeitern über den E-Mail-Verteiler:

Lieber XXXXXXX,

danke zunächst für Dein Engagement.

In meiner näheren Familie gibt es jemanden, der regelmäßig Blut spendet, daher bin ich ein wenig für das Thema sensibilisiert.

Seit Du die E-Mail verschickt hast, gehe ich damit „schwanger“, ob ich ein vielleicht „heißes Eisen“ anfassen soll.

In den angehängten Informationen (des Roten Kreuzes) steht, dass das gespendete Blut auf bestimmte „Verunreinigungen“ durch Vorerkrankungen untersucht wird. Was nicht aufgeführt ist, ist eine Untersuchung, von der ich noch nicht einmal weiß, ob sie überhaupt schon durchgeführt wurde, und wenn ja, zu welchem Ergebnis sie gekommen ist, ob das gespendete Blut auch mit Substanzen der Corona-Gen-Behandlung verunreinigt sein kann. Leider zeigen ja die aktuellen Erkenntnisse, dass das Spike-Protein noch nach Jahren aktiv sein kann. Auch in gespendetem Blut? Die konkrete Frage wäre, ob das Rote Kreuz definitiv ausschließen kann, dass das nicht der Fall ist, damit ein möglicher Schaden nicht die Gefahr läuft, größer zu sein, als der Nutzen.

Soweit ich weiß, hat das Rote Kreuz bis heute keine separaten Blutbanken von „geimpftem“ und „ungeimpftem“ Blut angelegt. Wenn zu 100% ausgeschlossen werden kann, dass keine schädlichen Substanzen der Gen-Behandlung in die Blutkonserve gelangen, wäre das ja natürlich nicht nötig. Ist das so? Wenn ja, wo ist der Nachweis dazu zu finden, wie ist der aktuelle Erkenntnisstand, von wem wurden Studien dazu erarbeitet, wer hat das finanziert?

Mindestens 20% der Bevölkerung, das sind rund 16 Millionen Menschen, haben auf die Gen-Behandlung verzichtet und wollen im Ernstfall kein kontaminiertes Blut empfangen. Wie kann das Rote Kreuz belegbar und glaubhaft nachweisen, dass möglicherweise verunreinigtes Blut nicht doch in die Blutkonserven gelangt, weil sonst die Gefahr besteht, dass im Ernstfall Impfverzichter einen Schaden davontragen könnten?

Ich finde das eine wichtige Frage dem Roten Kreuz gegenüber und vielleicht wäre es auch gut, die möglichen Spender im Vorfeld für dieses heikle Thema zu sensibilisieren. Ich finde es auffällig, dass das Rote Kreuz sich hierzu weder in die eine, noch andere Richtung in den Informationen äußert, obwohl sie uns alle betrifft.

Ich schreibe diese Email aus kollegialen Gründen, aber auch zur Sensibilisierung gegenüber der Verantwortung aller Menschen gegenüber ihren Mitmenschen, die (hoffentlich nie) in die Situation kommen, einmal auf eine Blutspende angewiesen zu sein.

Wenn sich etwas Neues auf meine Nachfrage an Dich ergibt, wäre es klasse, ich würde davon erfahren.

Vielen Dank und viele Grüße

YYYYYYY

(Die Intension war, sich so vorsichtig wie möglich, quasi auf „Samtpfötchen“, an den Kern heranzupirschen. Dass es bereits Erkenntnisse dazu gibt, dass das Blut kontaminiert sein kann, wurde bewusst weggelassen, um keine Angriffsfläche zu bieten, ein „Verschwörungstheoretiker“ zu sein. Wenn die andere Seite auf einen Austausch eingestiegen wäre, wäre eine Quelle zu dieser Aussage vorhanden gewesen.)

Die Antwort:

Hallo YYYYYYY,

danke für die ausführliche Nachricht und dass du dir Gedanken zu dem Thema machst. Ich finde, man sollte Blutspenden als eine persönliche und private Sache betrachten.

Jeder und jede sollte für sich selbst abwägen, ob und unter welchen Bedingungen er oder sie das tun möchte.

Die Fragen, die du gestellt hast, sind echt speziell. Da geht's um medizinische und wissenschaftliche Themen, da kann ich als Privatperson nicht mitreden. Ich denke, dass sich Interessierte bei solchen Themen am besten direkt an medizinische Fachstellen oder das Rote Kreuz vor Ort wenden sollten, um fundierte und belastbare Informationen zu erhalten.

Mir persönlich ist es wichtig, Menschen auf die Möglichkeit der Blutspende aufmerksam zu machen.

Jeder kann das für sich selbst entscheiden und es ist auch okay, wenn man dabei Überzeugungen hat.

Beste Grüße

XXXXXXX

(„Blutspende…eine persönliche und private Sache“, nach dem Corona-Ereignis auch noch?, „…ich als Privatperson“ empfehle anderen etwas, bei dem sie möglicherweise anderen einen Schaden zufügen. Ist das schon grob fahrlässig, nach den Denkanstößen, die gegeben wurden?, „Wenn man dabei Überzeugungen hat.“, interessante Formulierung.)

Darauf die Reaktion:

Hallo XXXXXXX,

danke auch für Deine Antwort.

Wenn so eine im Grundsatz sicher gute Aktion beworben wird, liegt es nach meinem Empfinden auch in der Verantwortung, auf mögliche Folgen hinzuweisen, wenn es das Rote Kreuz schon nicht tut. Vorausgesetzt, man misst ihnen Bedeutung zu. Wenn meine E-Mail keine Veranlassung zu einer Beunruhigung und eigener Recherche angeregt hat, dann kann ich leider mehr nicht tun.

Dass das Rote Kreuz keine Hinweise gibt, liegt wohl daran, dass es Teil des Systems ist. Wer die Augen aufmacht, kann mit wenig Aufwand leider mehr als genug Tatsachenwahrheiten finden, die mit Schäden im Zusammenhang der Gen-Behandlung verursacht wurden und immer noch verursacht werden. Es ist nicht meine Aufgabe, einen Wissensrückstand von 5 Jahren auf den aktuellen Stand zu bringen. Allein die veröffentlichten RKI-Protokolle sollten schon genug Anlass zur Skepsis bieten. Der ÖRR berichtet leider nicht darüber, weil er auch Teil des Systems ist.

Ich will es damit genug sein lassen und hoffe, dass es unter den Kolleginnen und Kollegen noch weitere kritische Geister gibt.

Es geht nicht gegen Dich persönlich, aber ich hoffe, das Angebot wird nicht zahlreich genutzt.

Viele Grüße

YYYYYYY

(Einen halben Gang hochgeschaltet, ein Versuch, XXXXXXX aus der Reserve zu locken.)

Und ein Nachtrag von YYYYYYY:

Lieber XXXXXXX,

wir sind schon einmal unter Missbrauch des Begriffes „Solidarität“ hinter die Fichte geführt worden. Das darf nicht noch einmal passieren!

Nochmals viele Grüße

YYYYYYY

(Keine Reaktion mehr von XXXXXXX)

Und, wie gesagt, daraufhin kam das Video mit Bonhoeffer entgegen. Besser kann man vorsätzliche, rationale Ignoranz in Bezug auf den Schriftwechsel nicht beschreiben.

Hier wird eine jeden angehende allgemeinmedizinische Frage zu einer Frage der persönlichen Überzeugung gemacht. Das kommt doch sehr bekannt vor, oder?

Sehr wahrscheinlich lässt es sich vermuten, dass es sich bei XXXXXXX wohl um einen Corona-Jünger handelt, der die Tatsachen scheut, wie der Teufel das Weihwasser. Bloß nicht nachdenken, bloß nicht in Frage stellen, bloß nicht hellhörig oder gar neugierig werden, bloß nicht auf die Äußerungen eingehen, bloß nicht konkret werden, bloß keine eindeutig formulierte Stellung zu den Aussagen beziehen. „Angriffsfläche“ wäre vorhanden gewesen.

Das vorsichtige Anpirschen war alles andere, als mit-der-Brechstange-herangehen. Und doch setzt sofort automatisch der Teflon-Effekt ein. Selbstschutz.

Die Frage ist, wie soll da die Spaltung überwunden werden, wenn „die andere Seite“ so überhaupt nicht bereit ist, sich mit dem Vorgebrachten auseinanderzusetzen. Noch nicht einmal, wenn man nur die Spitze der Spitze des Eisbergs leise anhaucht.

Diesem Beispiel könnten viele unzählige weitere Beispiele hinzugefügt werden. Jeder hat so etwas schon einmal auf die eine oder andere Weise erlebt.

Das Gefühl lässt sich nicht unterdrücken, dass sich die Menschheit in zwei Lager aufgeteilt hat, und es gibt derzeit keinen Weg, wie man wieder aufeinander zukommen könnte.

Wie zwei Welten aufeinanderprallen, kann man derzeit auch in der Enquete-Kommission im sächsischen Landtag erleben: https://www.youtube.com/watch?v=D6ACmwBUBFM

Aus der Sicht von YYYYYYY ist das kein Grund zur Verzweiflung, jedoch drängt sich der Wunsch auf, dass man mit solchen Menschen wie XXXXXXX nichts mehr anfangen will. Man möchte mit ihnen, so schade es auch ist, am liebsten gar nichts mehr zu tun haben, und wenn doch aus irgendwelchen Gründen, nur noch das Allernotwendigste, so kurz und knapp, wie möglich. Empathie aufzubringen erscheint einem als vergeudete Energie, besser ist es, sich auf die Menschen zu konzentrieren, die wegen fehlender Genbehandlung keine Wesensveränderungen, die mittlerweile leider auch schon bestätigt sind, erlitten haben.

Wie Bonhoeffer richtig sagt, es geht hier nicht um Intelligenz, es geht viel tiefer. Es geht um das Menschsein an sich, und man hat den Eindruck, dass vor allem dies unter dem Einfluss der Spritze sehr stark gelitten hat. Da scheint so eine Abgestumpftheit durch, die einem einen kalten Schauer über den Rücken fahren lässt. Und das ist vielleicht noch gefährlicher, als diejenigen, die wirklich dumm sind. Das ist keine Arroganz oder Überheblichkeit, sondern unschuldig, wahllos von der Natur vergebene Dummheit, die jeden hätte ereilen können, hat es immer schon zu einem großen Teil gegeben. Hier hat man wenigstens noch die Möglichkeit, sich einfühlen zu können und Verständnis aufzubringen. Bei Menschen aber, von denen man weiß, dass sie die kognitiven Fähigkeiten zur Reflektion hätten, sie jedoch aus welchen Gründen auch immer nicht nutzen, oder sie als Verdrängungsmechanismus gerade nutzen, weil sie es können, geht auch eine gewisse Gefahr aus, weil man nie wissen kann, was sie sich sonst noch so ausdenken könnten, wenn sie in die geistige Enge getrieben werden, um ja nicht von Menschen, die den Mut haben, die Wahrheit auszusprechen, in ihrem mühsam aufgebauten Weltbild erschüttert zu werden. „Was nicht sein darf, das nicht sein kann!“, obwohl doch eigentlich die Wahrheit dem Menschen zumutbar ist.

So hat man das Gefühl, man atmet Honig ein und bewegt sich mühsam durch einen zähen Brei vorwärts, der einem bis zu den Oberschenkeln reicht. Jeder Schritt eine Anstrengung.

Und bevor man noch tiefer in dieses Verlustgefühl von Lebensqualität eintaucht (das hat nichts mit Depressionen zu tun, man bekommt einfach nur schlechte Laune), sich immer wieder bewusst machen, dass es da draußen noch eine Menge bei Verstand gebliebener Menschen gibt, die unermüdlich daran arbeiten, dass die Wahrheit weiter so sehr erkraftet, dass sie sich ihren Weg in den sogenannten Mainstream bahnt und die Menschen endlich aufwachen. So schmerzlich das für viele sein mag, es muss sein!

Selbst für einen wenig religiösen Menschen, im Sinne von regelmäßigen Kirchgängen und keinem Kontakt zur Institution Kirche, bekommt der Satz eine ganz besondere Bedeutung:

„Ich schicke euch den Geist der Wahrheit, und der wird euch frei machen!“

@ dfa02707:41ca50e3

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• This release introduces Payjoin v2 functionality to Bitcoin wallets on Cake, along with several UI/UX improvements and bug fixes.
• The Payjoin v2 protocol enables asynchronous, serverless coordination between sender and receiver, removing the need to be online simultaneously or maintain a server. This simplifies privacy-focused transactions for regular users.

"I cannot speak highly enough of how amazing it has been to work with @bitgould and Jaad from the@payjoindevkit team, they're doing incredible work. None of this would be possible without them and their tireless efforts. PDK made it so much easier to ship Payjoin v2 than it would have been otherwise, and I can't wait to see other wallets jump in and give back to PDK as they implement it like we did," said Seth For Privacy, VP at Cake Wallet.

How to started with Payjoin in Cake Wallet:

1. Open the app menu sidebar and click Privacy.
2. Toggle the Use Payjoin option.
3. Now on your receive screen you'll see an option to copy a Payjoin URL

• Bull Bitcoin Wallet v0.4.0 introduced Payjoin v2 support in late December 2024. However, the current implementations are not interoperable at the moment, an issue that should be addressed in the next release of the Bull Bitcoin Wallet.

• Cake Wallet was one of the first wallets to introduce Silent Payments back in May 2024. However, users may encounter sync issues while using this feature at present, which will be resolved in the next release of Cake Wallet.

What's new

• Payjoin v2 implementation.
• Wallet group improvements: Enhanced management of multiple wallets.
• Various bug fixes: improving overall stability and user experience.
• Monero (XMR) enhancements.

Learn more about using, implementing, and understanding BIP 77: Payjoin Version 2 using the payjoin crate in Payjoin Dev Kit here.

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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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Nukleáris politika és szabályozási fejlemények

A Nemzetközi Atomenergia-ügynökség (IAEA) Kormányzótanácsa 2025. június 9-én kezdi meg szokásos júniusi ülését Bécsben. A főbb napirendi pontok között szerepel a 2024-es éves jelentés, a technikai együttműködési tevékenységek, az iráni ellenőrzés és felügyelet, az ellenőrzések végrehajtása Észak-Koreában és Szíriában, a nukleáris biztonság és védelem Ukrajnában, valamint a nukleáris anyagok átruházása és ellenőrzése az AUKUS-keretében. Az ülésen új tagokat is kijelölnek a Kormányzótanácsba, és előkészítik a 69. rendes közgyűlést[iaea.org].

Jelentős projektek és iparági bővülés

Az amerikai Tennessee Valley Authority (TVA) benyújtotta kérelmét az Egyesült Államok Nukleáris Szabályozási Bizottságához egy GE Vernova Hitachi BWRX-300 kis moduláris reaktor (SMR) megépítésére a Clinch River telephelyen, ami jelentős lépés az amerikai fejlett nukleáris technológiák elterjesztésében[world-nuclear-news.org]. Kanadában a hatóság engedélyezte az Ontario Power Generation számára, hogy egy BWRX-300 reaktort építsen a Darlington New Nuclear Project helyszínen, ezzel tovább haladva az észak-amerikai SMR-projektek terén[world-nuclear-news.org].

India nukleáris szabályozója jóváhagyta a négyblokkos Mahi Banswara Rajasthan Atomerőmű telephelyét, Kínában pedig folytatódnak a szerelési munkák a Haiyang 3 egységen. Eközben Belgium és Dánia felülvizsgálják nukleáris politikájukat: Belgium visszavonja a korábbi leállítási döntést, Dánia pedig újragondolja álláspontját[world-nuclear-news.org].

Ellátási lánc, munkaerő és nemzetközi együttműködés

A nukleáris kapacitás várható gyors növekedése miatt egyre nagyobb hangsúly kerül mind a helyi, mind a globális ellátási lánc felkészítésére. A World Nuclear Association legutóbbi konferenciája kiemelte az ellátási lánc „globalizációjának” fontosságát a bővülés támogatásához[world-nuclear-news.org]. A nukleáris munkaerő világszerte növekedni fog, ami új lehetőségeket teremt, nem pedig hiányt. Az iparági szakértők hangsúlyozzák a jelentkezők tapasztalatának javítását és a szektorok közötti készségek hasznosítását a jövőbeni igények kielégítésére[world-nuclear-news.org].

A nemzetközi szabályozói együttműködés is fejlődik, különösen a kis moduláris reaktorok (SMR) tervezési értékelése terén. A brit Nukleáris Szabályozási Hivatal közzétette első jelentését ebben a témában, globális szinten hatékonyabb és összehangoltabb megközelítést célozva[world-nuclear-news.org].

Gazdasági és befektetési trendek

A nukleáris szektorban újra optimizmus tapasztalható, egészséges projektportfóliókkal és növekvő magánbefektetésekkel, különösen a fejlett üzemanyagok, például a HALEU (magas dúsítású urán) terén. A Világbank lehetséges politikai váltása, amely lehetővé tenné nukleáris projektek finanszírozását, jelentős hatással lehet a globális befektetésekre, példát mutatva más hitelezőknek is[ans.org].

Az USA-ban jelentős lépés a Prohibiting Russian Uranium Imports Act életbe lépése, amely megtiltja a feldolgozatlan, alacsony dúsítású orosz urán behozatalát, és 2,72 milliárd dollár szövetségi támogatást szabadít fel a hazai urántermelés fellendítésére. A törvény 2027-ig korlátozott mentességeket engedélyez, 2040-ben pedig lejár[ans.org].

Technológia és innováció

A TerraPower hivatalosan is jelezte a brit hatóságoknak, hogy megkezdi a Natrium nátrium-hűtésű gyorsreaktor általános tervezési engedélyezési folyamatát, ezzel jelezve, hogy a vállalat nemzetközi szinten is be kívánja vezetni ezt a technológiát[world-nuclear-news.org]. Olaszországban új nemzeti bizottság alakult a radioaktív anyagok szállításával kapcsolatos kihívások kezelésére, a megfelelőség és a logisztika egyszerűsítése érdekében[world-nuclear-news.org].

Az Enel, az Ansaldo Energia és a Leonardo megalapította a Nuclitalia céget, hogy tanulmányozza a fejlett nukleáris technológiákat és elemezze a piaci lehetőségeket, ami jól mutatja az európai érdeklődés növekedését a következő generációs nukleáris megoldások iránt[world-nuclear-news.org].

Friss és közelgő események

• Az IAEA Kormányzótanácsának ülése (2025. június 9–13.) számos politikai, biztonsági és védelmi kérdéssel foglalkozik majd[iaea.org].
• Az amerikai Fehér Ház nemrégiben csúcstalálkozót tartott a hazai nukleáris fejlesztésekről, és elindította a legnagyobb szövetségi kezdeményezést az elmúlt ötven évben a hálózati méretű nukleáris reaktorok felgyorsított építésére[ans.org].

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Források: - world-nuclear-news.org - iaea.org - ans.org - nucnet.org

@ 7f6db517:a4931eda

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

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

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

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News

• Wallet of Satoshi teases a comeback in the US market with a non-custodial product. According to an announcement on X, the widely popular custodial Lightning wallet is preparing to re-enter the United States market with a non-custodial wallet. It is unclear whether the product will be open-source, but the project has clarified that "there will be no KYC on any Wallet of Satoshi, ever!" Wallet of Satoshi ceased serving customers in the United States in November 2023.

• Vulnerability disclosure: Remote crash due to addr message spam in Bitcoin Core versions before v29. Bitcoin Core developer Antoine Poinsot disclosed an integer overflow bug that crashes a node if spammed with addr messages over an extended period. A fix was released on April 14, 2025, in Bitcoin Core v29.0. The issue is rated Low severity.
• Coinbase Know Your Customer (KYC) data leak. The U.S. Department of Justice, including its Criminal Division in Washington, is investigating a cyberattack on Coinbase. The incident involved cybercriminals attempting to extort $20 million from Coinbase to prevent stolen customer data from being leaked online. Although the data breach affected less than 1% of the exchange's users, Coinbase now faces at least six lawsuits following the revelation that some customer support agents were bribed as part of the extortion scheme.
• Fold has launched Bitcoin Gift Cards, enabling users to purchase bitcoin for personal use or as gifts, redeemable via the Fold app. These cards are currently available on Fold’s website and are planned to expand to major retailers nationwide later this year.

"Our mission is to make bitcoin simple and approachable for everyone. The Bitcoin Gift Card brings bitcoin to millions of Americans in a familiar way. Available at the places people already shop, the Bitcoin Gift Card is the best way to gift bitcoin to others," said Will Reeves, Chairman and CEO of Fold.

• Corporate treasuries hold nearly 1.1 million BTC, representing about 5.5% of the total circulating supply (1,082,164 BTC), per BitcoinTreasuries.net data. Recent purchases include Strategy adding 7,390 BTC (total: 576,230 BTC), Metplanet acquiring 1,004 BTC (total: 7,800 BTC), Tether holding over 100,521 BTC, and XXI Capital, led by Jack Mallers, starting with 31,500 BTC.
  • Meanwhile, a group of investors has filed a class action lawsuit against Strategy and its executive Michael Saylor. The lawsuit alleges that Strategy made overly optimistic projections using fair value accounting under new FASB rules while downplaying potential losses.
• The U.S. Senate voted to advance the GENIUS stablecoin bill for further debate before a final vote to pass it. Meanwhile, the House is crafting its own stablecoin legislation to establish a regulatory framework for stablecoins and their issuers in the U.S, reports CoinDesk.
• French 'crypto' entrepreneurs get priority access to emergency police services. French Minister of the Interior, Bruno Retailleau, agreed on measures to enhance security for 'crypto' professionals during a meeting on Friday. This follows a failed kidnapping attempt on Tuesday targeting the family of a cryptocurrency exchange CEO, and two other kidnappings earlier this year.
• Brussels Court declares tracking-based ads illegal in EU. The Brussels Court of Appeal ruled tracking-based online ads illegal in the EU due to an inadequate consent model. Major tech firms like Microsoft, Amazon, Google, and X are affected by the decision, as their consent pop-ups fail to protect privacy in real-time bidding, writes The Record.
• Telegram shares data on 22,777 users in Q1 2025, a significant increase from the 5,826 users' data shared during the same period in 2024. This significant increase follows the arrest of CEO and founder Pavel Durov last year.
• An Australian judge has ruled that Bitcoin is money, potentially exempting it from capital gains tax in the country. If upheld on appeal, this interim decision could lead to taxpayer refunds worth up to $1 billion, per tax lawyer Adrian Cartland.

Use the tools

• Bitcoin Safe v1.3.0 a secure and user-friendly Bitcoin savings wallet for beginners and advanced users, introduces an interactive chart, Child Pays For Parent (CPFP) support, testnet4 compatibility, preconfigured testnet demo wallets, various bug fixes, and other improvements.
• BlueWallet v7.1.8 brings numerous bug fixes, dependency updates, and a new search feature for addresses and transactions.
• Aqua Wallet v0.3.0 is out, offering beta testing for the reloadable Dolphin card (in partnership with Visa) for spending bitcoin and Liquid BTC. It also includes a new Optical Character Recognition (OCR) text scanner to read text addresses like QR codes, colored numbers on addresses for better readability, a reduced minimum for spending and swapping Liquid Bitcoin to 100 sats, plus other fixes and enhancements.

Source: Aqua wallet.

• The latest firmware updates for COLDCARD Mk4 v5.4.3 and Q v1.3.3 are now available, featuring the latest enhancements and bug fixes.
• Nunchuk Android v1.9.68.1 and iOS v1.9.79 introduce support for custom blockchain explorers, wallet archiving, re-ordering wallets on the home screen via long-press, and an anti-fee sniping setting.
• BDK-cli v1.0.0, a CLI wallet library and REPL tool to demo and test the BDK library, now uses bdk_wallet 1.0.0 and integrates Kyoto, utilizing the Kyoto protocol for compact block filters. It sets SQLite as the default database and discontinues support for sled.
• publsp is a new command-line tool designed for Lightning node runners or Lightning Service Providers (LSPs) to advertise liquidity offers over Nostr.

"LSPs advertise liquidity as addressable Kind 39735 events. Clients just pull and evaluate all those structured events, then NIP-17 DM an LSP of their choice to coordinate a liquidity purchase," writes developer smallworlnd.

• Lightning Blinder by Super Testnet is a proof-of-concept privacy tool for the Lightning Network. It enables users to mislead Lightning Service Providers (LSPs) by making it appear as though one wallet is the sender or recipient, masking the original wallet. Explore and try it out here.

• Mempal v1.5.3, a Bitcoin mempool monitoring and notification app for Android, now includes a swipe-down feature to refresh the dashboard, a custom time option for widget auto-update frequency, and a

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Good morning (good night?)! The No Bullshit Bitcoin news feed is now available on Moody's Dashboard! A huge shoutout to sir Clark Moody for integrating our feed.

Headlines

• Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.

• The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
• Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
• Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.

• The Bank for International Settlements (BIS) wants to contain 'crypto' risks. A report titled "Cryptocurrencies and Decentralised Finance: Functions and Financial Stability Implications" calls for expanding research into "how new forms of central bank money, capital controls, and taxation policies can counter the risks of widespread crypto adoption while still fostering technological innovation."
• "Global Implications of Scam Centres, Underground Banking, and Illicit Online Marketplaces in Southeast Asia." According to the United Nations Office on Drugs and Crime (UNODC) report, criminal organizations from East and Southeast Asia are swiftly extending their global reach. These groups are moving beyond traditional scams and trafficking, creating sophisticated online networks that include unlicensed cryptocurrency exchanges, encrypted communication platforms, and stablecoins, fueling a massive fraud economy on an industrial scale.
• Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
• Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.

"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.

• Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.

Use the tools

• Bitcoin Safe v1.2.3 expands QR SignMessage compatibility for all QR-UR-compatible hardware signers (SpecterDIY, KeyStone, Passport, Jade; already supported COLDCARD Q). It also adds the ability to import wallets via QR, ensuring compatibility with Keystone's latest firmware (2.0.6), alongside other improvements.
• Minibits v0.2.2-beta, an ecash wallet for Android devices, packages many changes to align the project with the planned iOS app release. New features and improvements include the ability to lock ecash to a receiver's pubkey, faster confirmations of ecash minting and payments thanks to WebSockets, UI-related fixes, and more.
• Zeus v0.11.0-alpha1 introduces Cashu wallets tied to embedded LND wallets. Navigate to Settings > Ecash to enable it. Other wallet types can still sweep funds from Cashu tokens. Zeus Pay now supports Cashu address types in Zaplocker, Cashu, and NWC modes.
• LNDg v1.10.0, an advanced web interface designed for analyzing Lightning Network Daemon (LND) data and automating node management tasks, introduces performance improvements, adds a new metrics page for unprofitable and stuck channels, and displays warnings for batch openings. The Profit and Loss Chart has been updated to include on-chain costs. Advanced settings have been added for users who would like their channel database size to be read remotely (the default remains local). Additionally, the AutoFees tool now uses aggregated pubkey metrics for multiple channels with the same peer.
• Nunchuk Desktop v1.9.45 release brings the latest bug fixes and improvements.
• Blockstream Green iOS v4.1.8 has renamed L-BTC to LBTC, and improves translations of notifications, login time, and background payments.
• Blockstream Green Android v4.1.8 has added language preference in App Settings and enables an Android data backup option for disaster recovery. Additionally, it fixes issues with Jade entry point PIN timeout and Trezor passphrase input.
• Torq v2.2.2, an advanced Lightning node management software designed to handle large nodes with over 1000 channels, fixes bugs that caused channel balance to not be updated in some cases and channel "peer total local balance" not getting updated.
• Stack Wallet v2.1.12, a multicoin wallet by Cypher Stack, fixes an issue with Xelis introduced in the latest release for Windows.
• ESP-Miner-NerdQAxePlus v1.0.29.1, a forked version from the NerdAxe miner that was modified for use on the NerdQAxe+, is now available.
• Zark enables sending sats to an npub using Bark.

• Erk is a novel variation of the Ark protocol that completely removes the need for user interactivity in rounds, addressing one of Ark's key limitations: the requirement for users to come online before their VTXOs expire.
• Aegis v0.1.1 is now available. It is a Nostr event signer app for iOS devices.
• Nostash is a NIP-07 Nostr signing extension for Safari. It is a fork of Nostore and is maintained by Terry Yiu. Available on iOS TestFlight.
• Amber v3.2.8, a Nostr event signer for Android, delivers the latest fixes and improvements.
• Nostur v1.20.0, a Nostr client for iOS, adds

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

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

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

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

What's new in v1.3

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

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

Announcement / Archive
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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

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• The newest LND release brings upgrades that empower developers with better on-chain management, significantly boost backend scalability for expanding services, and ensure a more seamless and dependable payment experience.

"We are excited to announce the release of LND v0.19.0 beta! This new release focuses on making LND more secure, scalable, and reliable for powering global bitcoin and stablecoin transactions," was announced in a blog post.

• Some highlights of this release include a Replace-By-Fee Cooperative Close for flexible channel closure fees, migration of invoices to SQL for faster startups, enhanced payment reliability through improved pathfinding, transaction sweeper improvements, the addition of Testnet4 support for stable testing, among other things.

"As always, we are grateful for the ongoing support of our external contributors across development, review, and testing. A total of 51 developers contributed to this release. For the complete list of changes included in this release, check out the full release notes."

What's new

• New RBF cooperative close flow. It uses RBF to enable either side to increase their fee rate using their own channel funds. Channel peers must support the option_simple_close for this new protocol to work. This new feature can be activated with a new config flag: --protocol.rbf-coop-close.
  • This feature isn't compatible with older LND versions; fee bumping with them uses CPFP. It already works with Eclair v0.12.0 or up, and should work with other implementations as they roll out support for this protocol. The protocol currently does not support Taproot channels and Taproot asset channels.
• Support for archiving channel backups in a specific folder for future reference. It comes with a new config option, disable-backup-archive (default: false), to control whether previous backups are archived.
• Support for experimental endorsement signal relay. Deployed experimentally to assist ongoing channel jamming research, it has no impact on routing.
• Initial support for quiescence. This protocol gadget is required for upcoming Dynamic Commitments and Splicing features.
• Historical Sync: Fixed a race condition blocking initial sync due to syncer's internal state handling.
• Max Fee Rate is now respected during cooperative close initiation for both parties, not just the remote party.
• Lots of other bug fixes.

• Performance Improvements:

  • Limit outbound gossip traffic bandwidth with --gossip.msg-rate-bytes and --gossip.msg-rate-burst. Set burst to the maximum bytes transmittable without rate limiting, and rate to the ongoing permitted rate.

• Ability to use ZSTD for log rotation.

• Remove redundant iteration over a node's persisted channels when updating the graph cache with a new node or node update.

• Functional Enhancements:

  • Add pagination for wallet transactions.
  • Make MaxWaitNumBlocksFundingConf configurable for faster test timeouts, with a default of 2016 blocks for production.
  • Change sweeper to attempt sweeps if the budget is partially covered, preventing delays and high fees.
  • Validate MPP parameters before payment to avoid path finding loops and timeouts.
• Functional Updates:
  • Enable log compression with ZSTD using the logging.file.compressor argument.
  • Enhance SCB file with more data for last-resort rescue when a peer is unavailable.
  • Update channel.backup file at shutdown in LND.
  • Introduce chainio subsystem to sync subsystems with the current best block, fixing delays in HTLC sweeping due to block height discrepancies in ChainArbitrator, UtxoSweeper, and TxPublisher. Click here to learn more.
  • Sweeper now uses configured budget values for HTLCs with --sweeper.budget.deadlinehtlcratio and --sweeper.budget.deadlinehtlc.
  • Consider blockbeat dispatcher height when checking if lnd is synced to chain.
  • Allocate restricted slots for peers via --num-restricted-slots.
  • Added support for bitcoin testnet4.
  • Removed x/exp/maps dependency.
  • Add --no-disconnect-on-pong-failure option (default: false) to manage peer disconnection on pong failure or mismatch.

• RPC Additions and Updates. Some RPCs that previously returned an empty response now provide a short status message to help command line users confirm successful execution or background initiation. The following CLI commands no longer return an empty response ({}):

  • lncli wallet releaseoutput (WalletKit.ReleaseOutput RPC)
  • lncli wallet accounts import-pubkey (WalletKit.ImportPublicKey RPC)
  • lncli wallet labeltx (WalletKit.LabelTransaction RPC)
  • lncli sendcustom (Lightning.SendCustomMessage RPC)
  • lncli connect (Lightning.ConnectPeer RPC)
  • lncli disconnect (Lightning.DisconnectPeer RPC)
  • lncli stop (Lightning.Stop RPC)
  • lncli deletepayments (Lightning.DeleteAllPaymentsResponse RPC)
  • lncli abandonchannel (Lightning.AbandonChannel RPC)
  • lncli restorechanbackup (Lightning.RestoreChannelBackups RPC)

  • lncli verifychanbackup (Lightning.VerifyChanBackup RPC)

  • The ForwardInterceptor's MODIFY option now merges custom range TLVs with existing HTLC records, overwriting conflicting values with API-supplied ones.

  • Make ProofMatureDelta in gossip configurable via --gossip.announcement-conf, defaulting to 6.
  • Add LockedIn boolean field to lnrpc.HTLC to show if an HTLC is locked in by the remote peer.
  • Allow custom lock ID and duration in FundPsbt RPC.
  • Extend lnrpc.RPCMiddlewareRequest to include gRPC metadata pairs from the initial request's context.Context.
  • Updated PendingSweeps to return all registered outputs in the RPC response, regardless of future locktime, enabling planning for upcoming sweeps and custom aggregation logic. Added MaturityHeight field to PendingSweep for absolute locktime value.
  • Add BumpForceCloseFee RPC endpoint, moving lncli functionality to LND for broader accessibility.
  • Enhance walletrpc.FundPsbt with an option to set fees as sat_per_kw for greater precision.
  • Add a new option in walletrpc.FundPsbt to specify the maximum fee-to-output amounts ratio.
  • Sort lnrpc.Invoice.Htlcs by InvoiceHTLC.HtlcIndex in the list invoices RPC response.
  • Set a default 60-second timeout for routerrpc.SendPaymentV2 when timeout_seconds is unset or 0.
  • Include custom_channel_data for custom channels in lnrpc.ClosedChannels response.
  • lncli updates and additions:
  • Allow pre-generated macaroon root key in lncli create and lncli createwatchonly for deterministic macaroon generation.
  • Add --sat_per_kw flag to lncli wallet fundpsbt for precise fee rate specification.
  • Include --max_fee_ratio argument in lncli wallet fundpsbt to set maximum fee-to-output amounts ratio.
  • Enhance lncli listchannels and lncli closedchannels output with human-readable short channel ID and BOLT02 channel ID; rename chan_id to scid for accuracy.
  • Initiate cooperative close flow in coop close case even with active HTLCs, disabling the channel for new HTLCs and starting the flow when no HTLCs remain.
  • Introduce macaroon constraint for IP range-based access restriction, expanding beyond spe

@ 7f6db517:a4931eda

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

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

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

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

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

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

---

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

---

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

@ ca76c778:e784c54b

A few days ago I remembered video by Antonio Stappaerts(Artwod) on Youtube. And I thought to myself I want to be really good at drawing hands.\ In the video he explains something that, in my opinion, applies when learning just about anything.

If you've heard of the Dunning-Kruger effect then you know the first part.\ If you haven't, one begins learning something and on top of the first peak thinks oneself to be almost a master. And then one learns a little bit more and realizes how little skill one actually has.

\ Now, what is really interesting is this. He points out that the second slope is made up of many smaller Dunning-Kruger effects. For example the effect will apply when learning: the basic shape of the figure, how to pose the figure, how draw the hands, the hair etc.

So the way to climb the second hill is to understand and practice these smaller skills. And not just once or twice. You want to reach close to the second peak of each of the smaller skills.

And with that in mind I search for a good tutorial about drawing hands and got down to it(for the third time).

Step one was to learn pose and gesture using a grid shape.

https://cdn.satellite.earth/f55a9d1ef2fd687a9dce5ceee5e05a1b666c436509e264ddbac4d260b99e882a.jpg

https://cdn.satellite.earth/1b5524635c20ee4869f4860c982deea469cb87be7ad7b404e1777497b5a4fbd4.jpg

https://cdn.satellite.earth/35652251243ffd8c495b855c319d27da0c193ff2e951591f0a9f1b35aad39b29.jpg

https://cdn.satellite.earth/68f55979d102b4ebe55177842c6d9ab2ab30b95f926441429d977b47fae925c3.jpg

Step two. Practice the basic forms for the palm and fingers.\ I got carried away and drew some hands.

https://cdn.satellite.earth/48b400f72e35d078368149f00182cb58e606ddd16f6db4e7789c1431c28d44a0.jpg

Step three. learn the measurements.

https://cdn.satellite.earth/75c9b82da90ef50d17f698dd7b1eadc223b74a019a702a4617ed7d321646a87c.jpg

Step four. Understand the fingers.

https://cdn.satellite.earth/e33f9f3f9217bf5e3e206e96dfe764eba09b9fb3c10b450bb9c8a4075e3c1ec8.jpg

Step five. Learn about the thumb and put it all together. Drawing from reference and imagination.

https://cdn.satellite.earth/b2dd9c1cc1045dde021272199818b0db331e71a603c5900122aa850eb2d4148a.jpg

https://cdn.satellite.earth/8f5647ae9e148ad6217c106b5b69cf231384475e0a0eedf210bd149f75ade0b7.jpg

@ 7460b7fd:4fc4e74b

TRX 资源冻结式 Staking 与用户结构演化：对价格发现机制的影响分析

引言

TRX（波场币）作为波场 TRON 区块链的原生代币，因其独特的“冻结换资源”式 staking 模型而呈现出不同于传统公链的用户结构演变轨迹。这种机制在不同发展阶段吸引了截然不同类型的用户，从早期高度集中的机构持有者，到中期大量利用资源冻结套利的灰色产业，再到近期随着合规压力下资产向零散用户转移所形成的更广泛持有群体。本文将深入分析这一用户结构的演变历程，以及这种变化如何潜在影响 TRX 的市场价格发现机制。我们将按照时间脉络探讨以下问题：

• 初期设计：波场最初的 staking 模型如何偏向“对公场景”（如交易所间结算、机构资源调配），导致早期 TRX 资金和投票权集中度极高？

• 灰产利用：灰色产业（电信诈骗、网络赌博、地下钱庄等）如何利用 TRX “冻结换能量”机制降低 USDT 等稳定币转账成本，在波场上形成中期稳定的使用者群体？

• 用户下沉：随着各大交易所面临日益严格的合规压力，这些灰产地址如何将资金转移给“无交易所”通道的散户和小型平台账户，导致 TRX 使用权和持仓逐步向更广泛的普通用户渗透？

• 价格发现影响：这种持币结构的变化是否可能引导“零售价格发现”，即当大量散户持有 TRX 时，是否会对价格走势产生聚合影响（类似 GameStop 股票或 meme 币的散户抱团现象）？

• 链上数据演化：若数据支持，我们将呈现 TRX 持仓结构在链上的历史演变情况（如交易所热钱包占比、已知灰产地址占比、散户地址占比等），借助 Nansen、Lookonchain、Arkham、Dune 等分析工具的公开数据来说明上述趋势。

接下来，将从背景入手介绍波场 TRX 的 staking 机制设计及其早期影响，然后依据链上数据和行为证据分阶段分析用户结构转变，结合博弈论视角讨论价格发现机制，最后给出结论和展望。

背景：TRX 资源冻结型 Staking 模型与早期集中化

波场 TRON 于 2018 年主网上线，采用 委托权益证明（DPoS） 共识机制，其核心是 资源冻结（质押）换取网络资源和权益 的模式cryptorank.io。用户可以冻结一定数量的 TRX 以获取 带宽（用于普通交易）和 能量（用于智能合约操作）的配额，从而用资源抵扣交易手续费cryptorank.io。此外，冻结 TRX 还能获得 Tron Power（投票权），用于参与超级代表（Super Representatives，SR）节点的选举，从而分享出块奖励和投票奖励。这一机制本质上鼓励大量持币并长期冻结，以换取低成本交易和治理权。

TRX 早期的经济设计和应用场景明显偏向**“大户”和“机构”。首先，TRX 在 2017 年 ICO 分发时就有相当集中度——总发行1000亿枚中，约40%面向公开发售，15%私募，35%由项目方保留cryptorank.io。项目方（波场基金会）及早期投资人一开始就掌握了近一半的代币供应量。其次，在 DPoS 模式下，持币多者在投票治理中掌握更大权力，早期27个超级代表节点的投票由少数巨鲸地址主导。波场联合创始人、前 CTO 陈志强曾直言：“TRON 的代币分布是中心化的，超级代表是中心化的”cointelegraph.com；前27个超级代表节点拥有超过1.7亿票数，其中大部分受波场官方控制，普通散户的投票几乎无法左右结果cointelegraph.com。这意味着网络治理和出块权高度集中在项目方和早期大户手中**，staking 机制对中小持币者参与并不友好。这种局面导致 TRX 在生态早期呈现出明显的寡头格局。

更重要的是，波场团队有意将 TRX 打造成 高吞吐低成本的链上结算网络，这吸引了交易所和机构用户的青睐。2019年，创始人孙宇晨敏锐地抓住 交易所间稳定币跨链转账 的需求：由于以太坊网络手续费高、速度慢，交易所间结算 USDT 等稳定币成本很高，而波场上的 TRC20-USDT 转账费用极低、确认快theblockbeats.info。孙宇晨当即采取激进补贴策略，动用波场超级节点的挖矿收益，投入数亿元人民币补贴 TRC20-USDT 的充提手续费，在各大交易所间推广波场作为USDT转账的介质theblockbeats.info。据报道，当时通过波场网络充提 USDT 的用户可以享受相当于16%\~30%的收益（手续费返还优惠），极大刺激了交易所采用波场网络theblockbeats.info。这一系列措施使 TRC20版 USDT 的流通量和交易量在短时间内飙升，波场迅速取代以太坊成为 USDT 最主要的发行和转移平台。交易所和场外结算机构成为 TRX 生态的核心参与者：他们大量持有并冻结 TRX 来获取能量用于大额稳定币转账，或者直接利用波场网络进行跨所清算。这奠定了 TRX 早期资金和使用的高度机构化、集中化特征：头部交易所和项目方持仓占比极高，散户持有比例相对很低。

图：2024年初 TRX 持币分布的集中度。数据显示前10大地址合计持有约31.6%的供应量，前500大地址合计持有约85.5%的供应cryptorank.io。这印证了波场生态早期的持币高度集中在少数机构和巨鲸手中。

综上，波场 TRX 通过独特的冻结换资源机制，将手续费成本内化为持币收益，迎合了交易所、支付清算等对公场景对廉价高速链上转账的需求。在2018-2019年间，这一定位成功吸引了大量机构资金，但也造成了代币分布和治理权的高度集中。这是 TRX 用户结构演化的起点：以机构和巨鲸为主体的集中式持仓格局。

链上数据与行为层分析

随着波场网络逐步发展，TRX 的用户结构并未一成不变。链上数据和使用者行为表明，TRX 的持有者构成经历了从集中到扩散的动态演化，大致可划分为以下阶段：

初期阶段：机构主导的集中持仓

在主网上线后的早期（2018\~2019年），TRX 的持仓和使用主要集中在交易所、基金会等少数主体。从链上持币分布看，2019年时 TRX 前5个地址持有全网一半以上代币供应量，前10名地址接近60%（包括波场基金会及创始团队地址、少数大交易所的钱包等）cryptorank.io。即便到2025年中，集中度仍然较高——据统计前10大持币者仍合计拥有约25%的供应ccn.com，其中最大的单一地址占比超过8%ccn.com（推测为波场基金会或主要交易所冷钱包）。可见在初期，头部持有者在供应中占据主导。这种格局的形成，一方面源自前述代币分发和 DPoS 机制让项目方及早期投资人持有巨量筹码；另一方面，交易所为提供波场网络USDT充提现也大量囤积并冻结 TRX 获取带宽/能量，从而自身成为持币大户。

链上行为数据显示，交易所地址在 TRX 交易活动中占相当权重。大量 TRX 被冻结在交易所热/冷钱包用于日常为用户支付交易费用或资源租借。例如，币安在2019年直接成为波场超级代表节点之一，拥有全网超过一半以上的超级代表选票，当时就反映出交易所对 TRX 生态的深度介入coinmarketcap.comcointelegraph.com。总的来说，初期阶段 TRX 的用例主要是交易所间结算的媒介和赚取投票收益的质押资产，对应的用户主要是大宗资金持有者（交易所、基金会、早期投资人）。普通散户在这一阶段对 TRX 的参与度有限，无论持仓量还是交易笔数占比都很低。价格发现也主要由这些“大玩家”驱动——他们有能力通过场外交易或协议控制市场供给，从而较大程度上主导 TRX 的价格走向。

中期阶段：灰产经济的稳定使用者崛起

2019年至2021年后，随着波场网络的稳定运行和 USDT 等稳定币在波场上的广泛流通，一个意想不到的用户群体开始在 TRX 生态中扮演重要角色：灰产经济体。这里所指的灰产包括电信网络诈骗、网络赌博平台、地下钱庄洗钱团伙等非法或游走在法律灰色地带的组织。这些团体发现，波场的**“冻结 TRX 换能量”机制非常适合他们大规模、频繁地转移资金：通过持有并冻结一定量的 TRX，他们可以几乎免费地在波场链上无限次转账 USDT** 等代币linqihuishou.com。相比在以太坊等公链上高昂的 Gas 费用，波场提供的这种低成本转账渠道对灰产资金具有巨大吸引力。

联合国毒品和犯罪办公室（UNODC）的一份报告指出，在东南亚地区从事洗钱和诈骗的犯罪团伙偏好使用波场链上的 USDT 作为转移资产的工具dlnews.com。报告称，仅在截至2022年9月的一年间，就有逾170亿美元等值的 USDT 涉及非法交易所、地下洗钱等活动dlnews.comdlnews.com。波场因其匿名性强、转账快且成本近乎为零，成为这些团伙的“首选”网络dlnews.com。另一份调查也揭示，使用波场 USDT 的网络赌博和洗钱架构俨然形成了一个平行的地下银行系统protos.com。不法分子往往在国内收取现金，通过OTC渠道换成波场 USDT，在链上层层划转，最后在境外兑换回法币完成洗钱3e97756f-e20a-4497-8bc2-57f45e005c8a.baidu.scalaris-eci.com。

灰产大规模涌入波场带来了 TRX 生态的中期用户结构转变：虽然这些团伙的主要目的是利用 USDT 等稳定币，但为了降低成本他们必须持有一定数量的 TRX 来支付手续费或获取能量。这就意味着一批新的持币群体——灰产地址——开始稳定持有和使用 TRX。链上可以观察到许多可疑地址经常冻结大量 TRX，然后进行频繁的 USDT 转账操作。这些地址往往关联着诈骗资金、黑钱，通过分析工具已被标记为高风险。在波场交易笔数中，这些灰产相关地址的交易占有相当比例，它们维系着庞大的跨境资金流。dlnews.comprotos.com

值得注意的是，灰产用户的TRX持有行为具有“两面性”：一方面，他们持有 TRX 完全是出于工具用途，对 TRX 价格本身并不敏感，往往在完成资金转移后就会解冻并抛售 TRX（换回稳定币或法币）。因此，灰产用户的存在为 TRX 提供了持续的基础交易需求，但同时他们也可能对价格形成抛压。另一方面，由于这部分需求庞大且相对稳定（例如地下钱庄每天都有大额 USDT 要汇出），某种程度上托起了 TRX 的链上活跃度，甚至提高了网络的基础价值支撑。到2024年，波场上 USDT 的流通量已经超过以太坊，占到 USDT 总供应的一半以上cointelegraph.com；波场每日处理的稳定币转账金额高达数百亿美元，全球所有稳定币交易量中近30%通过波场网络完成coindesk.comcoindesk.com。在这些惊人的数字背后，灰产资金不可小觑。

综上，中期阶段 TRX 用户结构从单纯的机构主导，演变为**“机构+灰产”双重主导**格局。灰产经济成为 TRX 生态中隐形但重要的参与者，为 TRX 提供了源源不断的交易量和实用需求。然而，这种需求带有很强的功利性，在正常市场中往往难以转化为对 TRX 价格的主动支撑。

转型阶段：合规压力与持币群体下沉

进入2023-2024年，全球监管环境对加密行业（尤其是交易所）日趋严格，大型中心化交易所纷纷加强了 KYC/AML（反洗钱） 审查。这对利用交易所渠道“进出”资金的灰产团伙造成了沉重打击：大量涉嫌非法的地址被交易所列入黑名单冻结，稳定币发行方 Tether 也开始配合执法，冻结了部分波场网络上的可疑 USDT 账户cointelegraph.comcointelegraph.com。

图：由波场、Tether 与 TRM Labs 于2024年8月成立的“T3”金融犯罪联合行动小组，自成立以来已冻结超过1.26亿美元涉案 USDTcointelegraph.com。其中近一半涉及洗钱，另有相当比例涉及投资诈骗cointelegraph.com。这一行动反映出监管合规压力下，波场网络上大额非法资金池正受到打击。面对这种压力，灰产资金的流转模式开始转变。

随着“大额、集中”的灰产资金在主流交易所难以脱身，这些团伙被迫改变策略，更加依赖非交易所渠道来“出清”资金。他们开始将大宗资金拆分，通过场外交易（OTC）网络或小型换汇平台，转移给众多零散的个人地址。例如，一个诈骗团伙可能将上百万 USDT 分拆成上千笔小额转账，分别发给成百上千个个人钱包；这些个人再通过点对点方式把 USDT 换成现金。在中国等地破获的地下钱庄案件中，就发现犯罪团伙通过海量的个人数字钱包收款，以规避大额交易监控3e97756f-e20a-4497-8bc2-57f45e005c8a.baidu.scalaris-eci.com。波场网络的低费率使得**“大拆小”式的分散转账成为可能且经济**。

这一过程中，TRX 的使用者结构出现了**“下沉”**。原先主要由灰产团伙自己持有的 TRX（用于支付手续费或冻结换能量），现在逐步分散到大量普通用户手中。很多此前从未直接接触过波场的散户，因为参与OTC交易或接受灰产资金而开始持有少量 TRX。例如，一些东南亚地区的务工人员通过地下渠道汇款，在接收USDT时被要求使用波场网络的钱包，这意味着他们需要持有一点 TRX 来支付手续费。同样地，一些小型境外换汇商为了承接灰产的出金业务，也开始积累 TRX 以便快速完成批量转账。

链上数据支持了这种“去中心化”的趋势：CryptoQuant 的研究指出，截至2024年7月，波场网络上小额持有者（“散户”）的数量已经超过5260万，占据 USDT 转账笔数的28%左右newsdirect.com。也就是说，有数千万计的普通用户活跃在波场上进行小额交易。波场官方数据显示，到2025年初，总用户账户数已突破3亿，日活跃地址超过100万，每日小额稳定币交易数百万笔coindesk.comnewsdirect.com。这些数字表明，TRX 与波场网络的使用已深入到广泛的民间层面，不再只是大户的专属。

从持币结构看，虽然大户依然握有大量筹码，但相比早期，中小地址合计持有的比例有所上升。前文提到截至2025年5月前10名地址占供应约25%，而在更早时期这一数字一度超过30%cryptorank.ioccn.com。顶级持有者占比的下降意味着更多代币分散到了小持仓地址中。当然，大部分散户并非因为投资目的囤积 TRX，他们往往只持有满足转账所需的少量（比如几十个甚至几个 TRX用于手续费）。然而，当数以千万计的用户都持有哪怕少量 TRX 时，其总量也不可忽视。此外，一些原本为灰产服务的小平台、小型交易商，随着合规压力增加也可能选择转型，通过合法途径运营，这些玩家持有的 TRX 由“暗”转“明”，进一步增加了公开市场上的流通筹码。

**这一阶段的核心转变在于：TRX 的持有者基础变得空前广泛。**从链上身份看，除了交易所和已知灰产地址，普通散户地址在网络活动和持仓中的占比显著提高newsdirect.com。TRX 不再仅仅是机构间的结算工具或黑市的洗钱桥梁，它开始进入寻常用户的钱包，成为跨境汇款、支付和个人转账的一种选择。在非洲、中东等通货不稳定地区，波场 USDT 甚至被用作日常价值存储手段，TRX 则提供了必要的基础设施dlnews.com。这种下沉为 TRX 的市场生态带来了新的变量：当持币者从少数改为众多，价格发现的参与者结构也相应改变。

博弈模型讨论：散户崛起能否引导价格发现？

随着 TRX 持有和使用群体愈发多元化，一个关键问题浮出水面：如此广泛的散户参与，是否会改变 TRX 的价格发现机制，乃至引发类似 GameStop 或 meme 币那样的“散户聚合”行情？ 从博弈论和市场微观结构角度，我们可以进行以下分析。

1. 定价权由大转小的再分配：在传统金融和早期加密市场中，少数大玩家（做市商、鲸鱼、机构）往往通过信息优势和资金优势主导价格。然而，当持仓分散到众多散户后，市场定价权力开始更平均地分配。如果散户群体足够活跃，他们的集体交易行为（买入或卖出）可以对价格产生显著影响。尤其在社交媒体发达的时代，散户可以通过舆论形成某种“共识预期”。例如，若大批散户相信“波场用户遍地开花将推高 TRX 价值”，他们可能趋于买入持有，从而真的推高价格——这类似于一种自证预期的动态。散户数量庞大且分散，单个看似微不足道，但**“乌合之众”在同步行动时可产生和巨鲸相媲美的资金量**。GameStop 股票之所以在2021年出现爆炸性逼空行情，就是因为数百万散户在网络论坛上形成合力，对抗华尔街空头。如果 TRX 的散户持有者也形成共同的看涨信念，可能出现交易行为的正反馈，推动价格快速上涨。

2. 网络效应与认知偏差：波场网络广泛的用户基础本身就会带来网络效应。每增加一位用户，TRX 的实用价值和潜在需求就略有提高。当数千万用户都在使用某个网络时，会产生一种“这么多人用，币价应该有支撑”的认知偏差。散户往往受“用户规模=价值”直觉影响而追涨。coindesk.comnewsdirect.com中的数据（每日超百万活跃地址、全球稳定币流通近三成经波场）可能被解读为 TRX 的基本面支撑，从而增强散户的持有信心。这种对基本面的再认知有别于灰产用户时期——灰产虽使用波场但不会宣扬其价值，而普通用户的使用反而可能转化为对 TRX 的口碑传播和正面情绪。由此，一个正向循环可能形成：用户基础扩大 → 市场认可度提高 → 新投资者涌入 → 价格上升 → 吸引更多用户。

3. 大户与散户的博弈：当然，散户行情能否持续，还取决于大户（早期鲸鱼、机构）的行为反应。一种可能情景是类似meme股/币：当散户推高价格时，大户出于逐利反而顺势助涨，甚至刻意制造舆论迎合散户，以便自己高位出货。如果 TRX 出现快速拉升，早期持有巨量筹码的老玩家可能选择逢高抛售套现，给上涨造成阻力。这一点在博弈上体现为：散户试图通过一致行动改变定价，但理性的大利润持有者会反向博弈，利用散户情绪行情实现盈利。TRX 目前前几大地址仍掌握巨额筹码，他们的抛压能力依旧很强。如果没有新的强力资金接盘，大户的出货可能使散户难以持续控盘。GameStop等案例中，散户成功逼空的前提之一是大户被困住无法立即抛售（空头被迫买入、公司高管锁仓等）。而在TRX市场，波场基金会、交易所等钱包并无锁定约束，完全可以利用流动性高点出售。因此，散户要引导价格发现，必须面对大户博弈的反作用力。

4. 市场情绪和触发事件：散户聚合行为往往需要一个导火索或叙事。GameStop有“对抗华尔街”的叙事，Dogecoin等meme币有马斯克等名人站台或者社区狂欢。TRX 虽有庞大用户，但缺乏类似的戏剧性话题来凝聚炒作热情。Justin Sun 虽然善于营销（如天价拍巴菲特午餐等），但这些年 TRX 价格相对稳健，没有出现过山车式暴涨暴跌，说明市场对其噱头相对理性。如果未来出现某个事件——例如波场生态中诞生一个现象级应用、或哪位投资大佬高调支持 TRX ——这可能点燃散户的想象力，触发一波情绪行情。在博弈模型上，这类似于公共知识的形成：散户需要确信“大家都会买”，而导火索事件恰恰提供了这样的公共信号。如果信号足够强烈，散户预期可协调，形成簇拥买入的纳什均衡。反之，在缺乏信号的平静环境中，散户各自为战，价格更多反映基本面与存量大户操作，不易自发聚合。

5. 零售价格发现的迹象：目前观察，TRX 市场已经显现出一些零售主导的特征。例如，2023-2024年熊市中，TRX 价格相对抗跌且波动率较低，或许与大量散户被动持币（用于手续费而非投机）有关——这部分需求相对刚性，不会因市场恐慌而大量抛售，反而稳定了价格。另一方面，在牛市来临时，这批散户是否会转为主动买入、推高价格，还有待验证。截至2025年年中，TRX 的市场走势总体平稳，CCN 分析指数给其势能评分仅34（满分100），显示动能偏弱ccn.com。这说明尚未出现 meme 式狂热，散户更多是被动参与者。但随着波场版稳定币生态的进一步扩张以及监管环境变化，不排除散户的角色从“被动用币者”转变为“主动投资者”。如果那一刻到来，TRX 的价格发现模式可能从当前偏基本面/机构驱动，转向更加依赖大众情绪和网络舆情。

综上，在博弈论视角下，TRX 用户结构的演变确实为零售价格发现创造了条件：更分散的持仓、更广泛的市场参与，使价格形成过程潜在地更具民主化色彩。然而，能否出现类似 GameStop 或 meme 币的极端行情，还取决于散户共识凝聚程度以及大户的策略反应。目前迹象表明 TRX 市场仍处于相对均衡状态，散户广布带来的更多是流动性提升和韧性增强，而非泡沫炒作。当然，市场结构一旦改变，其影响往往非线性——未来某个时点，不可忽视数以千万计散户的力量可能展现。

结论

TRX 代币由于其资源冻结式 staking 模式，在过去数年间经历了独特的用户结构演化：

• 早期，波场刻意迎合高频结算等对公场景，导致 TRX 持币和治理高度集中于项目方、交易所等少数机构账户，散户影响微乎其微。价格发现主要由这些大主体决定，市场呈现中心化特征。

• 中期，随着波场成为稳定币（尤其 USDT）的重要转移网络，各类灰色产业大量涌入利用“冻结换能量”降低转账成本。灰产地址成为 TRX 生态中不可忽视的稳定使用者群体，带来了巨大的链上交易量和实际需求。但这部分用户对 TRX 价格并无投机兴趣，其行为在提高网络实用性的同时，也给市场抛压埋下隐患。

• 近期，全球合规打击使得灰产资金从大交易所撤出，被迫通过无数散户和小型渠道分散流动。由此，TRX 的使用权和持有量开始向更广泛的人群下沉，数以千万计的普通用户卷入波场网络的使用。TRX 的持币结构正变得相对分散，散户在链上交易和持仓中的占比明显上升。

• 对价格发现的影响，可以概括为“基础盘扩大，定价权下放”。更广泛的用户基础意味着 TRX 价格受到的力量更加多元：除了少数大户博弈，还受到千千万万小持有者情绪和行为的影响。散户群体有可能在某些条件下形成合力影响价格（例如共同的看涨预期或外部刺激事件），这为 TRX 带来了出现零售驱动行情的可能性。然而，目前 TRX 市场尚未经历真正的散户抱团狂热，其价格依然相对平稳，说明机构和基本面因素仍占主导。

• 链上持仓结构演变总体符合上述趋势：从交易所/基金会占主导，逐步过渡到多元参与者并存。尽管确切的链上占比数据仍在完善（可借助 Nansen、Dune 等进一步分析交易所热钱包持仓、标记的诈骗地址持仓、非风险地址的小额持仓等），现有资料表明前十大地址持仓比例已从超过30%降至约25%，而小额地址数以亿计增长，对网络活动贡献巨大cryptorank.ionewsdirect.com。

综合而言，TRX 的资源冻结 staking 模式在不经意间促成了一条特殊的发展路径：从精英走向草根。这种用户结构的下沉为 TRX 带来了使用面的繁荣，同时也打开了价格发现的新篇章。未来，如果散户力量能够被某种契机调动，TRX 不排除出现类似meme行情的可能；即便没有极端事件，更多元的持仓结构也意味着价格将更真实地反映广泛市场的供需和预期。对于波场生态来说，如何平衡好“大户—灰产—散户”三类持币者的利益，将是决定 TRX 市值能走多远、走多稳的关键。波场的故事，正在从幕后走向台前，从少数走向大众，这或许正是去中心化精神的一种体现。

参考文献：

1. Chen, Z. (2019). Tron Co-Founder and CTO Leaves Project, Alleging Excessive Centralization. Cointelegraphcointelegraph.comcointelegraph.com.

2. Primitive Ventures. (2023). 裂隙中的共识：Tether与全球金融新秩序theblockbeats.infotheblockbeats.info.

3. CryptoRank. (2024). TRON H1 2024: From Stablecoins to Bitcoin and Beyond. CryptoRank Reportcryptorank.io.

4. DLNews. (2023). UN says USDT on Tron is “preferred choice” for fraudsters in East Asiadlnews.com.

5. Protos. (2024). China busts $2B USDT money laundering operationprotos.com.

6. TronDAO & CryptoQuant. (2024). TRON retail usage analysisnewsdirect.com.

7. Cointelegraph. (2024). Tether, Tron and TRM Labs jointly froze $126M USDT in 2024cointelegraph.comcointelegraph.com.

8. Cointelegraph. (2024). Nansen 2 brings transparency to Tron: USDT on Tron adoptioncointelegraph.com.

9. CCN. (2025). TRON Price Prediction 2025: Rich List and Distributionccn.comccn.com.

10. TRON DAO. (2025). Press Release: USDT on TRON surpasses $75Bcoindesk.comcoindesk.com.

@ a5ee4475:2ca75401

[EM ATUALIZAÇÃO]

vacina #saude #politica #manipulacao #mundial #genocidio #pandemia #conspiracao

Este artigo reúne algumas evidências mais antigas que vim registrando durante alguns anos contra a covid, vacinas obrigatórias e a ação de agências de governo, fundações, políticos, mídia tradicional, celebridades, influenciadores, cientistas, redes sociais e laboratórios, em envolvimento com genocídio e restrições de liberdades em escala mundial causado por decisões em várias esferas relativas ao covid e as vacinas obrigatórias em geral.

Porém, alguns links podem não estar mais disponiveis, foram que ainda faltam ser registradas muitas informações já divulgadas nos últimos anos e que não tivemos contato pela escassez de meios para a obtenção dessas informações de forma organizada. Portanto, o presente artigo ainda passará por atualizações de conteúdo e formatação, então se possível ajudem sugerindo com complementos ou alterações.

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Explicações iniciais:

• SARS-CoV-2 é que é nome do vírus. Ele que causa a doença Covid-19;
• O coronavírus SARS-CoV-2 é o segundo tipo de SARS-CoV documentado, o primeiro ocorreu entre 2002 e 2003, se originando também da China e também dito como tendo origem animal;
• SARS (Severe Acute Respiratory Syndrome) - Síndrome Respiratória Aguda Grave (SRAG) é a uma doença respiratória viral, relatada ser de origem zoonótica (animal), causada pelos coronavírus SARS-CoV (2002) e SARS-CoV-2 (2019), ambos de origem chinesa;
• O termo 'Coronavírus' (COVID) é na verdade um nome genérico para vários vírus de gripes já comuns, dado para o tipo corona (com uma "coroa", 'espetos' ao redor dele), o Sars-Cov-2 (que passou a ser chamado erroneamente só de Covid), é só um deles.

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1. Vacinas Obrigatórias em Geral

• Vacinas e autismo em crianças https://publichealthpolicyjournal.com/vaccination-and-neurodevelopmental-disorders-a-study-of-nine-year-old-children-enrolled-in-medicaid/

• O CDC admite que 98 milhões de pessoas receberam o vírus do câncer através da vacina da Poliomielite https://medicinanews.com.br/frente/frente_1/o-cdc-admite-que-98-milhoes-de-pessoas-receberam-o-virus-do-cancer-atraves-da-vacina-poliomielite/

- Fonte original da imagem: https://preventdisease.com/images13/CDC_Polio.png [indisponível] - Imagem arquivada em: https://web.archive.org/web/20201203231640/

"O CDC (Os Centros de Controle e Prevenção de Doenças dos Estados Unidos) removeu rapidamente uma página do seu site, que estava em cache no Google, como você pode ver logo abaixo, admitindo que mais de 98 milhões de americanos receberam uma ou mais doses de vacina contra pólio dentro de 8 período entre 1955 e 1963, quando uma proporção da vacina foi contaminada com um poliomavírus causador de câncer chamado SV40."

27/02/2021 - Por que o Japão demorou para vacinar, mesmo com Olimpíada se aproximando https://www.cnnbrasil.com.br/internacional/2021/02/27/por-que-o-japao-demorou-para-vacinar-mesmo-com-olimpiada-se-aproximando

"Desconfiança da população japonesa em relação a vacinas, ligada a casos ocorridos no passado, está entre razões que atrasaram imunização no país.

A resistência à vacina do Japão remonta à década de 1970, quando duas crianças morreram dentro de 24 horas após receberem a vacina combinada contra difteria, tétano e coqueluche (coqueluche). A vacina foi temporariamente suspensa, mas a confiança já havia sido abalada. Por vários anos, as taxas de vacinação infantil caíram, levando a um aumento nos casos de tosse convulsa.

No final dos anos 1980, houve outro susto com a introdução da vacina tripla contra sarampo, caxumba e rubéola produzida no Japão. As primeiras versões do imunizante foram associadas à meningite asséptica, ou inchaço das membranas ao redor do cérebro e da medula espinhal. O problema foi rastreado até o componente caxumba da vacina tripla, o que levou a uma ação judicial e a indenização por danos pesados.

O Instituto Nacional de Ciências da Saúde interrompeu a dose combinada em 1993 e a substituiu por vacinas individuais. Após o escândalo, Shibuya disse que o governo japonês se tornou "ciente dos riscos" e seu programa nacional de vacinação tornou-se voluntário.

O Dr. Yuho Horikoshi, especialista em doenças infecciosas, diz que os processos levaram a uma "lacuna de vacinação", em que nenhuma vacina foi aprovada no Japão por cerca de 15 anos.

Mais recentemente, em 2013, o Japão adicionou a vacina contra o papilomavírus humano (HPV) ao calendário nacional para proteger as meninas contra o vírus sexualmente transmissível, que é conhecido por causar câncer cervical. No entanto, vídeos de meninas supostamente sofrendo de reações adversas começaram a circular no YouTube, levando o governo a retirá-los da programação nacional."

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2. PRIMEIRAS OCORRÊNCIAS PREDITIVAS AO COVID-19

2002 - Síndrome respiratória aguda grave (SARS) Brenda L. Tesini (setembro de 2018). Síndrome respiratória aguda grave (SARS) [indisponível]. Manual Merck. Consultado em 23 de janeiro de 2020, citado no Wikipedia

Wikipedia: "A SARS [doença do vírus SARS-CoV] foi detectada na China e entre 2002 e 2003, um surto da doença resultou em mais de 8 000 casos e cerca de 800 mortes em todo o mundo. "

2010 - Fundação Rockfeller, Lockstep. https://www.rockefellerfoundation.org/wp-content/uploads/Annual-Report-2010-1.pdf

Neste PDF da fundação Rockfeller, em seu próprio site, a fundação deixou claro o seu envolvimento em casos de ‘contenção’ de pandemias juntamente com a USAID (agência americana com nome ambíguo, como formalmente ‘United States Agency for International Development’, mas soando como ‘US Socorre’, mas sendo um braço do governo democrata que financiava interferências políticas diretas em vários países, como no Brasil: https://www.gazetadopovo.com.br/vida-e-cidadania/quais-ongs-cooperaram-com-moraes-e-sao-alvo-do-congresso-nos-eua/ ), inclusive em relacionadas ao SARS, um vírus muito semelhante ao SEGUNDO tipo de vírus Sars-Cov, o Sars-Cov-2 (o vírus propagado em 2019) e que causa o COVID-19.

Segundo eles:

“Integração entre Regiões e Países

A Fundação Rockefeler investiu US$ 22 milhões em sua Iniciativa de Redes de Vigilância de Doenças para ajudar a conter a disseminação de doenças infecciosas e pandemias, fortalecendo os sistemas nacionais, regionais e globais de vigilância e resposta a doenças. Dois programas-chave da Rockefeler — a Rede de Vigilância de Doenças da Bacia do Mekong e a Rede Integrada de Vigilância de Doenças da África Oriental — conectaram e capacitaram profissionais de saúde, epidemiologistas e autoridades de saúde pública em toda a região, levando a um aumento de seis vezes nos locais de vigilância de doenças transfronteiriças somente nos últimos três anos. Em 2010, a Rockefeler expandiu a bem-sucedida campanha transdisciplinar One Health, que a USAID e o Banco Asiático de Desenvolvimento adotaram como modelos. One Health refere-se à integração da ciência médica e veterinária para combater essas novas variedades de doenças zoonóticas que se movem e sofrem mutações rapidamente de animais para humanos. Essas colaborações criaram e fortaleceram uma rede regional crítica de saúde pública, enquanto as lições aprendidas foram exportadas entre disciplinas e países. Além de fortalecer os laços globais em saúde pública, a Rockefeler ajudou a elevar o nível de especialização e treinamento em campo. O Programa de Treinamento em Epidemiologia de Campo coloca graduados nos mais altos escalões do governo no Laos e no Vietnã, enquanto as bolsas da Rockefeler transformaram as ferramentas disponíveis para os médicos, permitindo-lhes utilizar o poder da internet para se comunicar e monitorar eventos, compreender contextos locais e analisar novos problemas. Finalmente, estamos aplicando ferramentas do século XXI para combater os desafios de saúde do século XXI.”

Julho de 2012 - Revista Mundo Estranho

Houve uma "coincidência", a revista Mundo Estranho em julho de 2012, entrevistou o até então doutorando em virologia, Átila Iamarino (o mesmo cientista que fez diversas propagandas das vacinas no Brasil), para descrever um possível cenário de propagação de uma epidemia viral, a revista descreve com grande precisão os eventos de 2020, mas apontando o oposto da China, em que, na realidade, sua economia cresceu vertiginosamente.

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3. PRIMEIROS INDÍCIOS

10/2019 - Evento 201 - Durante os Jogos Militares Internacionais na China https://www.centerforhealthsecurity.org/event201/

Promovido por: - Bill & Melinda Gates Foundation - John Hopkins Institute - Fórum econômico mundial

"O evento simula a liberação de um coronavírus novo do tipo zoonótico transmitido por morcegos para porcos e por fim para humanos. Eventualmente ele se torna muito transmissível entre humanos levando a uma pandemia severa. O vírus é muito parecido com o vírus da SARS, mas se transmite muito mais facilmente entre pessoas devido a sintomas muito mais leves destas."

Também mencionado por: [Jornal Estadão] ( http://patrocinados.estadao.com.br/medialab/releaseonline/releasegeral-releasegeral/geral-johns-hopkins-center-for-health-security-forum-economico-mundial-e-fundacao-bill-melinda-gates-realizam-exercicio-pandemico-e-transmissao-ao-vivo/)

Sobre o "Movimento antivacina"

05/12/2017 - Movimento antivacina: como surgiu e quais consequências ele pode trazer? https://www.uol.com.br/universa/noticias/redacao/2017/12/05/o-que-o-movimento-antivacina-pode-causar.htm?cmpid=copiaecola

23/03/2019 - "Instagram bloqueia hashtags e conteúdo antivacinação" https://canaltech.com.br/redes-sociais/instagram-bloqueia-hashtags-e-conteudo-antivacinacao-135411/

23/05/2021 - Novos dados sobre pesquisadores de Wuhan aumentam debate sobre origens da Covid https://www.cnnbrasil.com.br/saude/novos-dados-sobre-pesquisadores-de-wuhan-aumentam-debate-sobre-origens-da-covid/

"A China relatou à Organização Mundial da Saúde que o primeiro paciente com sintomas semelhantes aos de Covid-19 foi registrado em Wuhan em 8 de dezembro de 2019"

01/02/2020 - O que aconteceu desde que o novo coronavírus foi descoberto na China https://exame.com/ciencia/o-que-aconteceu-desde-que-o-novo-coronavirus-foi-descoberto-na-china/

"O primeiro alerta foi recebido pela Organização Mundial da Saúde (OMS) em 31 de dezembro de 2019"

15/09/2020 - YouTube diz que vai remover vídeos com mentiras sobre vacina contra COVID-19 https://gizmodo.uol.com.br/youtube-remover-videos-mentiras-vacina-covid-19/

"O YouTube anunciou na quarta-feira (14) que estenderá as regras atuais sobre mentiras, propaganda e teorias da conspiração sobre a pandemia do coronavírus para incluir desinformação sobre as vacinas contra a doença.

De acordo com a Reuters, a gigante do vídeo diz que agora vai proibir conteúdos sobre vacinas contra o coronavírus que contradizem “o consenso de especialistas das autoridades de saúde locais ou da OMS”, como afirmações falsas de que a vacina é um pretexto para colocar chips de rastreamento nas pessoas ou que irá matar ou esterilizar quem tomar."

*07/01/2021 - YouTube vai punir canais que promovem mentiras sobre eleições – incluindo os de Trump https://olhardigital.com.br/2021/01/07/noticias/youtube-vai-punir-canais-que-promovem-mentiras-sobre-eleicoes-incluindo-os-de-trump/

"O YouTube anunciou que vai punir canais que promovem mentiras sobre as eleições, removendo sumariamente qualquer vídeo que contenha desinformação e, ao mesmo tempo, advertindo com um “strike” o canal que o veicular. A medida já está valendo e a primeira “vítima” é ninguém menos que o ex-presidente americano, Donald Trump.

A medida não é exatamente nova, mas foi novamente comunicada e reforçada pelo YouTube na quarta-feira (6), após os eventos de invasão do Capitólio, em Washington, onde o presidente eleito Joe Biden participava da cerimônia que confirmava a sua vitória nas eleições de novembro de 2020. A ocasião ficou marcada pela tentativa de invasão de correligionários de Trump, que entraram no edifício em oposição à nomeação do novo presidente. Uma mulher acabou sendo morta pela polícia que protegia o local.

O ex-presidente Donald Trump teve vídeos banidos de seu canal no YouTube após os eventos de ontem (6) no capitólio."

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4. FIGURAS CENTRAIS

Bill Gates

• Bill Gates diz 'não' a abrir patentes de vacinas https://www.frontliner.com.br/bill-gates-diz-nao-a-abrir-patentes-de-vacinas/

"Bill Gates, um dos homens mais ricos do mundo, cuja fundação tem participação na farmacêutica alemã CureVac, produtora de vacina mRNA para prevenção de covid-19, disse não acreditar que a propriedade intelectual tenha algo a ver com o longo esforço global para controlar a pandemia."

João Doria e São Paulo

26/07/2017 - João Dória vai a China conhecer drones para ampliar segurança eletrônica na capital paulista https://jc.ne10.uol.com.br/blogs/jamildo/2017/07/26/joao-doria-vai-china-conhecer-drones-para-ampliar-seguranca-eletronica-na-capital-paulista/

02/08/2019 - Governo de SP fará Missão China para ampliar cooperação e atrair investimentos https://www.saopaulo.sp.gov.br/spnoticias/governo-de-sao-paulo-detalha-objetivos-da-missao-china/

20/11/2019 - Doria se encontra com chineses das gigantes CREC e CRCC e oferece concessões de rodovia, metrô e ferrovia https://diariodotransporte.com.br/2019/11/20/doria-se-encontra-com-chineses-das-gigantes-crec-e-crcc-e-oferece-concessoes-de-rodovia-metro-e-ferrovia/

25/01/2020 - "Chineses serão agressivos" nas privatizações em SP até 2022, afirma Dória https://noticias.uol.com.br/colunas/jamil-chade/2020/01/25/entrevista-joao-doria-privatizacoes-sao-paulo-china.htm

O governador de São Paulo, João Doria, afirma que vai acelerar os programas de desestatização no estado em 2020 e acredita que concessões e vendas poderão permitir uma arrecadação de pelo menos R$ 40 bilhões. Nesse processo, o governador avalia que a China deve atuar de forma agressiva e que aprofundará sua posição de maior parceira comercial do estado, se distanciando de americanos e argentinos.

29/06/2020 - Doria estabelece multa para quem estiver sem máscara na rua em SP https://veja.abril.com.br/saude/doria-estabelece-multa-para-quem-estiver-sem-mascara-na-rua/

24/12/2020 - Doria é flagrado sem máscara e fazendo compras em Miami https://pleno.news/brasil/politica-nacional/doria-e-flagrado-sem-mascara-e-fazendo-compras-em-miami.html

"Foto do governador de São Paulo sem o item de proteção viralizou nas redes"

07/06/2021 - Doria é criticado na internet por tomar sol sem máscara em hotel no Rio https://vejasp.abril.com.br/cidades/doria-e-criticado-na-internet-por-tomar-sol-sem-mascara-em-hotel-no-rio/

30/09/2020 - Governo de SP assina contrato com Sinovac e prevê vacina para dezembro https://agenciabrasil.ebc.com.br/saude/noticia/2020-09/governo-de-sp-assina-contrato-com-sinovac-e-preve-vacina-para-dezembro

O governador de São Paulo, João Doria, e o vice-presidente da laboratório chinês Sinovac, Weining Meng, assinaram hoje (30), um contrato que prevê o fornecimento de 46 milhões de doses da vacina CoronaVac para o governo paulista até dezembro deste ano.

O contrato também prevê a transferência tecnológica da vacina da Sinovac para o Instituto Butantan, o que significa que, o instituto brasileiro poderá começar a fabricar doses dessa vacina contra o novo coronavírus. O valor do contrato, segundo o governador João Doria é de US$ 90 milhões.

20/10/2020 - Coronavac terá mais de 90% de eficácia, afirmam integrantes do governo paulista https://www.cnnbrasil.com.br/saude/2020/12/20/coronavac-tera-mais-de-90-de-eficacia-afirmam-integrantes-do-governo

24/10/2020 - Não esperamos 90% de eficácia da Coronavac’, diz secretário de saúde de SP https://www.cnnbrasil.com.br/saude/2020/12/24/nao-esperamos-90-de-eficacia-da-coronavac-diz-secretario-de-saude-de-sp

07/01/2021 - Vacina do Butantan: eficácia é de 78% em casos leves e 100% em graves https://www.cnnbrasil.com.br/saude/2021/01/07/vacina-do-butantan-eficacia-e-de-78-em-casos-leves-e-100-em-graves

09/01/2021 - Não é hora de sermos tão cientistas como estamos sendo agora https://g1.globo.com/sp/sao-paulo/video/nao-e-hora-de-sermos-tao-cientistas-como-estamos-sendo-agora-diz-secretario-de-saude-de-sp-9166405.ghtml

10/01/2021 - Dados da Coronavac relatados à Anvisa não estão claros, diz médico https://www.cnnbrasil.com.br/saude/2021/01/10/dados-da-coronavac-relatados-a-anvisa-nao-estao-claros-diz-medico

"O diretor do Laboratório de Imunologia do Incor, Jorge Kalil, reforçou que faltaram informações sobre a Coronavac nos dados divulgados à Anvisa"

12/01/2021 - New Brazil data shows disappointing 50,4% efficacy for China’s Coronavac vaccine [Novos dados do Brasil mostram eficácia decepcionante de 50,4% para a vacina CoronaVac da China] https://www.reuters.com/article/us-health-coronavirus-brazil-coronavirus/new-brazil-data-shows-disappointing-504-efficacy-for-chinas-coronavac-vaccine-idUSKBN29H2CE

13/01/2021 - Eficácia da Coronavac: 50,38%, 78% ou 100%? https://blogs.oglobo.globo.com/lauro-jardim/post/5038-78-ou-100.html

“De acordo com interlocutores que participaram tanto do anúncio de ontem como da semana passada, quem pressionou para que os dados de 78% e 100% fossem liberados foi João Dória.”

07/05/2021 - Covid-19: Doria toma primeira dose da vacina CoronaVac https://veja.abril.com.br/saude/covid-19-doria-toma-primeira-dose-da-vacina-coronavac/

04/06/2021 - Doria é vacinado com a segunda dose da CoronaVac em São Paulo https://noticias.uol.com.br/politica/ultimas-noticias/2021/06/04/doria-e-vacinado-com-a-segunda-dose-da-coronavac-em-sao-paulo.htm

15/07/2021 - Doria testa positivo para a Covid-19 pela 2ª vez https://www.correiobraziliense.com.br/politica/2021/07/4937833-doria-testa-positivo-para-covid-19-pela-segunda-vez.html

"Governador de São Paulo já havia sido diagnosticado com a doença no ano passado. Ele diz que, apesar da infecção, se sente bem, o que atribui ao fato de ter sido vacinado com duas doses da Coronavac"

06/08/2021 - CPI recebe investigação contra Doria por compra de máscara sem licitação https://www.conexaopoder.com.br/nacional/cpi-recebe-investigacao-contra-doria-por-compra-de-mascara-sem-licitacao/150827

"Empresa teria usado o nome de Alexandre Frota para vender máscaras ao governo de SP. Doria nega informação"

Renan Filho

(filho do Renan Calheiros)

25/07/2019 - Governador Renan Filho vai à China em busca de investimentos para o estado https://www.tnh1.com.br/videos/vid/governador-renan-filho-vai-a-china-em-busca-de-investimentos-para-o-estado/

20/03/2020 - Governadores do NE consultam China e pedem material para tratar covid-19 https://noticias.uol.com.br/saude/ultimas-noticias/redacao/2020/03/20/governadores-do-ne-consultam-china-e-pedem-material-para-tratar-covid-19.htm

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5. Narrativas, restrições e proibições

17/12/2020 - STF decide que vacina contra a covid pode ser obrigatória, mas não forçada https://noticias.uol.com.br/saude/ultimas-noticias/redacao/2020/12/17/stf-julga-vacinacao-obrigatoria.htm?cmpid=copiaecola

"O STF (Supremo Tribunal Federal) decidiu, em julgamento hoje, que o Estado pode determinar a obrigatoriedade da vacinação contra a covid-19. Porém fica proibido o uso da força para exigir a vacinação, ainda que possam ser aplicadas restrições a direitos de quem recusar a imunização.

Dez ministros foram favoráveis a obrigatoriedade da vacinação, que poderá ser determinada pelo governo federal, estados ou municípios. As penalidades a quem não cumprir a obrigação deverão ser definidas em lei."

27/07/2021 - Saiba que países estão adotando 'passaporte da vacina' para suspender restrições https://www.cnnbrasil.com.br/internacional/2021/07/27/saiba-que-paises-estao-adotando-passaporte-da-vacina-para-suspender-restricoes

" - Israel - Uniao Europeia - Áustria - Dinamarca - Eslovênia - França - Grécia - Irlanda - Itália - Letônia - Lituânia - Luxemburgo - Holanda - Portugal - Japão - Coreia do sul"

18/06/2021 - O que é o passaporte da vacina que Bolsonaro quer vetar? https://noticias.uol.com.br/politica/ultimas-noticias/2021/06/18/uol-explica-o-que-e-o-passaporte-da-vacina-que-opoe-bolsonaro-e-damares.htm

"O Brasil poderá ter um certificado de imunização futuramente. Aprovado no Senado na semana passada, o "passaporte da vacina", como é chamado, prevê identificar pessoas vacinadas para que entrem em locais públicos ou privados com possíveis restrições."

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6. Vacinas

Alegações iniciais

• CoronaVac, Oxford e Pfizer: veja diferenças entre as vacinas contra covid noticias.uol.com.br/saude/ultimas-noticias/redacao/2021/05/11/diferencas-vacinas-covid-brasil.htm

" - CoronaVac (Butantan/Sinovac - Chinesa) Com virus inativo 50,38% de eficácia 2 doses

• Covishield - 'AstraZeneca' (Fiocruz/Astrazenica/Oxford - Britânica) Com virus não replicante 67% de eficácia 2 doses

• ComiRNAty - 'Pfizer' (Pfizer - Americana / BioNTech - Alemã) Com RNA mensageiro 96% de eficácia 2 doses"

Riscos diretos

15/06/2021 - Trombose após vacinação com AstraZeneca: Quais os sintomas e como se deve atuar? https://www.istoedinheiro.com.br/trombose-apos-vacinacao-com-astrazeneca-quais-os-sintomas-e-como-se-deve-atuar/

"Agências europeias estão reticentes com a vacina da AstraZeneca. Ela chegou a ser desaconselhada a pessoas com idade inferior a 60 anos, e um alto funcionário da Agência Europeia de Medicamentos declarou que era melhor deixar de administrar a vacina deste laboratório em qualquer idade quando há alternativas disponíveis, devido aos relatos de trombose após a primeira dose, apesar de raros."

11/05/2021 - CoronaVac, Oxford e Pfizer: veja diferenças entre as vacinas contra covid https://noticias.uol.com.br/saude/ultimas-noticias/redacao/2021/05/11/diferencas-vacinas-covid-brasil.htm

"Na terça-feira (12), o Ministério da Saúde determinou a suspensão da aplicação da vacina de Oxford/AstraZeneca para gestantes e puérperas com comorbidades. A decisão segue recomendação da Anvisa, que apura a morte de uma grávida de 35 anos que tomou o imunizante e teve um AVC (acidente vascular cerebral)."

30/07/2021 - Pfizer representa o mesmo risco de trombose que a Astrazeneca, aponta levantamento https://panoramafarmaceutico.com.br/pfizer-representa-o-mesmo-risco-de-trombose-que-a-astrazeneca-aponta-levantamento/

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7. CRIMES

Crimes da Pfizer

18/11/2020 Não listado no google - Os Crimes documentados da produtora de vacinas de Covid - Pfizer [INGLÊS] https://www.dmlawfirm.com/crimes-of-covid-vaccine-maker-pfizer-well-documented/

"A velocidade com que a vacina Covid da Pfizer foi produzida, a ausência de estudos em animais, testes de controle randomizados e outros testes e procedimentos padrão usuais para um novo medicamento são, no mínimo, preocupantes. Além disso, todos os fabricantes de vacinas Covid receberam imunidade legal para quaisquer ferimentos ou mortes que possam causar. Se essas vacinas são tão seguras quanto promovidas, por que seus fabricantes precisam de imunidade geral?"

"A Pfizer, uma empresa farmacêutica que parece ter ganhado na loteria para produzir a primeira vacina Covid-19, está atualmente lutando contra centenas de ações judiciais sobre o Zantac, um popular medicamento contra azia. Os processos da Zantac afirmam que a droga popular pode estar contaminada com uma substância cancerígena chamada N-nitrosodimetilamina (NDMA). Os processos Zantac são em aberto e em andamento, já que a farmacêutica está lutando contra eles; mas a Pfizer, sabemos, cometeu vários crimes ou transgressões pelos quais foi punida nos últimos anos. As falhas da empresa estão bem documentadas e vale a pena revisá-las neste momento crítico da história da humanidade, enquanto todos nós buscamos respostas."

A Pfizer recebeu a maior multa da história dos Estados Unidos como parte de um acordo judicial de US $ 2,3 bilhões com promotores federais por promover medicamentos erroneamente (Bextra, Celebrex) e pagar propinas a médicos complacentes. A Pfizer se confessou culpada de falsificar a marca do analgésico Bextra, promovendo o medicamento para usos para os quais não foi aprovado.

Na década de 1990, a Pfizer estava envolvida em válvulas cardíacas defeituosas que causaram a morte de mais de 100 pessoas. A Pfizer enganou deliberadamente os reguladores sobre os perigos. A empresa concordou em pagar US $ 10,75 milhões para acertar as acusações do departamento de justiça por enganar reguladores.

A Pfizer pagou mais de US $ 60 milhões para resolver um processo sobre o Rezulin, um medicamento para diabetes que causou a morte de pacientes de insuficiência hepática aguda.

No Reino Unido, a Pfizer foi multada em quase € 90 milhões por sobrecarregar o NHS, o Serviço Nacional de Saúde. A Pfizer cobrou do contribuinte um adicional de € 48 milhões por ano, pelo que deveria custar € 2 milhões por ano.

A Pfizer concordou em pagar US $ 430 milhões em 2004 para resolver acusações criminais de que havia subornado médicos para prescrever seu medicamento para epilepsia Neurontin para indicações para as quais não foi aprovado. Em 2011, um júri concluiu que a Pfizer cometeu fraude em sua comercialização do medicamento Neurontin. A Pfizer concordou em pagar $ 142,1 milhões para liquidar as despesas.

A Pfizer revelou que pagou quase 4.500 médicos e outros profissionais médicos cerca de US $ 20 milhões por falar em nome da Pfizer.

Em 2012, a Comissão de Valores Mobiliários dos Estados Unidos - anunciou que havia chegado a um acordo de US $ 45 milhões com a Pfizer para resolver acusações de que suas subsidiárias haviam subornado médicos e outros profissionais de saúde no exterior para aumentar as vendas no exterior.

A Pfizer foi processada em um tribunal federal dos Estados Unidos por usar crianças nigerianas como cobaias humanas, sem o consentimento dos pais das crianças. A Pfizer pagou US $ 75 milhões para entrar em acordo no tribunal nigeriano pelo uso de um antibiótico experimental, o Trovan, nas crianças. A empresa pagou um valor adicional não divulgado nos Estados Unidos para liquidar as despesas aqui. A Pfizer violou o direito internacional, incluindo a Convenção de Nuremberg estabelecida após a Segunda Guerra Mundial, devido aos experimentos nazistas em prisioneiros relutantes.

Em meio a críticas generalizadas de roubar os países pobres em busca de drogas, a Pfizer prometeu dar US $ 50 milhões para um medicamento para a AIDS para a África do Sul. Mais tarde, no entanto, a Pfizer falhou em honrar essa promessa.

• Pfizer contract leaked! [Contrato da Pfizer vazado] http://sanjeev.sabhlokcity.com/Misc/LEXO-KONTRATEN-E-PLOTE.pdf

Segundo o contrato "o produto não deve ser serializado":

"5.5 Reconhecimento do comprador.

O Comprador reconhece que a Vacina e os materiais relacionados à Vacina, e seus componentes e materiais constituintes estão sendo desenvolvidos rapidamente devido às circunstâncias de emergência da pandemia de COVID-19 e continuarão a ser estudados após o fornecimento da Vacina ao Comprador nos termos deste Contrato. O Comprador reconhece ainda que os efeitos de longo prazo e eficácia da Vacina não são atualmente conhecidos e que pode haver efeitos adversos da Vacina que não são atualmente conhecidos. Além disso, na medida do aplicável, o Comprador reconhece que o Produto não deve ser serializado."

Crimes da AstraZeneca

21/06/2003 - AstraZeneca se declara culpada no esquema de médico de câncer https://www.nytimes.com/2003/06/21/business/astrazeneca-pleads-guilty-in-cancer-medicine-scheme.html

"A AstraZeneca, a grande empresa farmacêutica, se declarou culpada hoje de uma acusação de crime de fraude no sistema de saúde e concordou em pagar $ 355 milhões para resolver as acusações criminais e civis de que se envolveu em um esquema nacional para comercializar ilegalmente um medicamento contra o câncer de próstata.

O governo disse que os funcionários da empresa deram incentivos financeiros ilegais a cerca de 400 médicos em todo o país para persuadi-los a prescrever o medicamento Zoladex. Esses incentivos incluíram milhares de amostras grátis de Zoladex [...]"

27/04/2010 - Farmacêutica gigante AstraZeneca pagará US $ 520 milhões pelo marketing de medicamentos off-label https://www.justice.gov/opa/pr/pharmaceutical-giant-astrazeneca-pay-520-million-label-drug-marketing

"AstraZeneca LP e AstraZeneca Pharmaceuticals LP vão pagar $ 520 milhões para resolver as alegações de que a AstraZeneca comercializou ilegalmente o medicamento antipsicótico Seroquel para usos não aprovados como seguros e eficazes pela Food and Drug Administration (FDA), os Departamentos de Justiça e Saúde e Serviços Humanos A Equipe de Ação de Fiscalização de Fraudes em Saúde (HEAT) anunciou hoje. Esses usos não aprovados também são conhecidos como usos "off-label" porque não estão incluídos no rótulo do medicamento aprovado pela FDA."

• List of largest pharmaceutical settlements [Lista dos maiores acordos farmaceuticos] https://en.m.wikipedia.org/wiki/List_of_largest_pharmaceutical_settlements

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8. CIENTISTAS

• Máscara Provoca Insuficiência Respiratória E Contaminação Microbiana… [Canal deletado] https://youtube.com/watch?v=eHu-pydSvDI

Não lembro mais a quem pertencia, mas provavelmente era de um médico falando do assunto. Creio ter sido do Dr. Paulo Sato, por essa temática ter sido abordada por ele, mas ao abrir o site aparece somente:

"Este vídeo foi removido por violar as diretrizes da comunidade do YouTube"

Dr. Paulo Sato

• USAR ou NÃO USAR a CUECA do seu governador no rosto https://fb.watch/7NPP_7rS5S/ https://www.facebook.com/AdoniasSoaresBR/videos/1347904292291481/ Adonias Soares entrevista ao Dr. Paulo Sato sobre as máscaras, em que é simulado o efeito da respiração prolongada das máscaras no organismo com o uso de águas de torneira, natural, gaseificada (com gás carbônico) e antioxidante, em que a com gás carbônico (PH 4 - Ácido) representa o organismo humano, e na prática representa lesão corporal e iniciação de doenças.

Dr. Kary Mullis

(Criador do teste PCR)

• PCR nas palavras do seu inventor - Dr. Kary Mullis (legendado) https://www.youtube.com/watch?v=W1O52uTygk8

"Qualquer um pode testar positivo para quase qualquer coisa com um teste de PCR, se você executá-lo por tempo suficiente… Com PCR, se voce fizer isso bem, você pode encontrar quase tudo em qualquer pessoa… Isso não te diz que você está doente."

• Kary Mullis DESTRUYE a Anthony Fauci lbry://@CapitalistChile#0/Kary-Mullis---Fauci#5

"Ele [...] não entende de medicina e não deveria estar onde está. A maioria dos que estão acima são só administrativos e não têm nem ideia do que ocorre aqui em baixo e essas pessoas tem uma agenda que não é a que gostaríamos que tivessem, dado que somos nós os que pagamos a eles para que cuidem da nossa saúde. Têm uma agenda pessoal."

Dra. Li-Meng Yan

• Dra. Li-Meng Yan: O vírus foi criado em laboratório com um objetivo: Causar dano. https://youtu.be/pSXp3CZnvOc

Dr. Joe Roseman

• Cientista Phd Dr Joe Roseman faz seríssimas advertencias sobre a picada https://youtu.be/0PIXVFqJ_h8

Dr. Robert Malone

• As vacinas podem estar causando ADE - Dr. Robert Malone https://odysee.com/@AkashaComunidad:f/Las_vacunas_pueden_estar_causando_ADE_magnificaci%C3%B3n_mediada_por:f lbry://@Información.#b/Drrm#9

Dr. Robert Malone, um dos três inventores da tecnologia de RNAm que se usa de forma farmacêutica. No vídeo fala sobre os efeitos de ADE (realce dependente de anticorpos) que estão ocorrendo com as vacinas. Nas palavras do Dr. Malone, já não é somente uma hipótese, mas baseada nos conhecimentos gerados nas provas e ensaios pré clínicos, com as vacinas contra o primeiro vírus da SARS.

Dr. Luc Montagnier

• Dr. Luc Montagnier, virologista, prêmio Nobel de medicina, um dos descobridores do vírus HIV, afirma: "a vacinação em massa está criando as novas variantes' (@medicospelavida , telegram)

CASOS DOCUMENTADOS

13 de setembro de 2021 - 13/09/2021 - Carta aberta ao Ministro da Saúde por Arlene Ferrari Graf, mãe de Bruno Oscar Graf https://telegra.ph/Carta-aberta-ao-Ministro-da-Sa%C3%BAde-09-13

Também em: Gazeta do Povo

O texto de uma mãe discorrendo sobre o filho dela, Bruno Oscar Graf, ter ANTI-HEPARINA PF4 AUTO-IMUNE e ter vindo a falecer por reação à vacina.

11/05/2021 - Rio notifica morte de grávida vacinada com imunizante Oxford https://www.terra.com.br/noticias/coronavirus/rio-notifica-morte-de-gravida-vacinada-com-imunizante-oxford,415b9b0c49169427ac2f90ae3765c057e9suy3qn.html

"Vítima não apresentava histórico de doença circulatória nem sofria de nenhuma doença viral; relação será investigada"

13/08/2021 - Cruzeiro com 4.336 pessoas tem 27 contaminados com Covid-19 em Belize https://paranaportal.uol.com.br/geral/cruzeiro-com-4-336-pessoas-tem-27-contaminados-com-covid-19-em-belize/amp/

"Segundo um comunicado do Conselho de Turismo de Belize emitido na quarta-feira (11), 26 contaminados são da tripulação e um é passageiro. A maioria é assintomática e os 27 estão vacinados."

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9. ALEGAÇÕES DIRETAS

Setembro de 2021 - 09/2021 - BOMBA: Ex-membro do Partido Comunista da China revela que o primeiro surto da Covid foi “intencional” https://terrabrasilnoticias.com/2021/09/bomba-ex-membro-do-partido-comunista-da-china-revela-que-o-primeiro-surto-da-covid-foi-intencional/

@ 7f6db517:a4931eda

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

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

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

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

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

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

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

@ 8bad92c3:ca714aa5

Key Takeaways

In this episode, Bitcoin Core veteran James O’Beirne delivers a sharp critique of Bitcoin’s developmental stagnation, attributing it to political dysfunction, post-fork trauma, and resistance within Bitcoin Core to critical upgrades like CheckTemplateVerify (CTV). He argues that while institutional adoption accelerates, internal innovation is being stifled by misplaced controversies—such as the OP_RETURN policy debate—and a bottlenecked governance model. O’Beirne warns that without urgent progress on scaling solutions like CTV, congestion control, and vaulting systems, Bitcoin risks ossifying and becoming vulnerable to institutional capture. Advocating a more adversarial posture, he suggests forking or building alternative clients to pressure progress but remains hopeful, seeing rising momentum for protocol upgrades from developers outside the Core elite.

Best Quotes

“Everybody has mempool derangement syndrome… it’s such a small issue in the grand scheme of challenges Bitcoin is facing.”

“Bitcoin is as much an experiment in technical human organization as it is a pure technology.”

“If we don’t figure out how to scale trustless Bitcoin self-custody, we’re toast. Right now, only about 2.5% of Americans could actually use Bitcoin monthly in a meaningful way.”

“CTV isn’t sexy—it just works. It keeps getting reinvented because it's so useful. At this point, it’s essential.”

“If Core isn’t going to evaluate these proposals, someone has to. Otherwise, we need to build the social justification for forking.”

“Lightning didn’t scale Bitcoin the way we expected. Let’s stop assuming a silver bullet is coming and start building the bridges ourselves.”

“You could onboard someone with just a phone and a vault… and give them more security than most hardware wallets.”

Conclusion

While Bitcoin gains traction with institutions and governments, its internal development is stalling under political inertia and misplaced focus. James O’Beirne urges the community to prioritize impactful upgrades like CTV and CCV, challenge the bottleneck of Bitcoin Core if needed, and recommit to Bitcoin’s foundational principles. This episode underscores the urgent need to bridge technical and social divides to ensure Bitcoin remains a decentralized, censorship-resistant tool for global value transfer.

Timestamps

0:00 - Intro
0:41 - Multi axis issue
5:12 - Core governance
9:41 - Derailing productive discussions
17:05 - Fold & Bitkey
18:32 - CTV
29:24 - Unchained
29:53 - Magnitude of change
41:45 - Covenant proposals
50:16 - CTV benefits
57:56 - Institutional ownership
1:05:26 - Moving forward

Transcript

(00:00) I think I have a somewhat different take than 99% of the people in the discussion. What freaks me out is if you've got Sailor owning half million coins or whatever and Black Rockck owning however many, people forget that Bitcoin is as much an experiment in technical human organization as it is, you know, as a sort of pure technology.
(00:17) The undernowledged reality is I'm actually interested to see if we have like a black swan adoption event from the machines. the risk given the increased scrutiny that things like the strategic Bitcoin reserve introduce there's a shot clock on getting to trustless decentralized value storage technology and I think we really have to be thinking about that combination of physically tired and mentally tired it's also tiresome James it's it's I was looking at that picture today and I was actually going to tweet it absent any caption just because it's
(00:52) a really good Uh yeah, it's a really good epitome of uh of a lot of stuff. But I'm with you, man. I'm tired. It's Friday. Who is it? Is that a just some random Japanese guy? I think it's it's I actually think it's from a documentary about I don't know if it's Africa, but Oh, yes. Yes.
(01:13) It's there's a little bit of a kind of like racy connotation there. Um yeah, the uh it's been long. It was interesting for me. We had Texas Energy Mining Summit here in Austin the beginning of the week. It sort of blended with Bitcoin plus I was over at Bitcoin++ Wednesday and yesterday doing the live desk and obviously topic of conversation is OP return this policy decision and this policy change that that core wants to make and many people are uh angry about and it's just again it's also tiresome.
(01:52) spoke with people on both sides over the two days and I I think I came away more confused than than I entered entered the week like what is the optimal path and somebody who's worked on Bitcoin core worked on Bitcoin core for for many years I've seen you tweeting about it seems like I won't put words in your mouth I'll let you say like what is your perspective on this whole policy debate around op return yeah so in general I think I have a somewhat different take than um 99% of the people in in the discussion which is basically that this
(02:25) is a really stupid discussion um everybody has mempool derangement syndrome like at every layer um and uh what what frustrates me a little bit about the conversation not not to not to uh get like um grumpy right off the bat but it's just it's it's such a small issue in the in the grand scheme of challenges that are being presented to Bitcoin that like spending all this drama on it um is is really a silly use of time and uh kind of emotion, but I can break it down for you.
(03:02) I mean, I think I think like largely the argument is happening on a few layers. Um the change itself technically I'm totally in favor of it. It makes sense. you know, basically the rationale is like, well, you know, um, people want to include exogenous data into the chain. Um, you can't really stop them from doing that.
(03:23) Um and so let's basically minimize the damage by saying hey you know we're going to make it easier for people to actually make use of op return as a data carrier which uh lets us avoid bloat in the UTXO set which is like one of the precious resources we have to take care of for the node.
(03:44) Um, so that's all good and the and the other thing too is that as we've seen with the ordinal stuff is um, you know, data is going to wait make its way into the chain and actually it hurts the whole network when um, there are transactions that most nodes haven't seen yet but they come through a block. Basically that slows down block propagation time.
(04:06) And so the whole idea is if you bring policy closer to the actual consensus rules, closer to the actual transactions that are going to come through and be mined, then you're going to have better network performance. You're going to have lower latency when it comes to actually broadcasting a new block around. So that's like the the sort of technical layer of the discussion.
(04:25) It's it's really a minute non-controversial change if you kind of have fluency with the the technical end of the mempool. Um, but I think there's this this higher layer to the conversation which is sort of a readjudication of spam in Bitcoin. And it's, you know, I think a lot of the the old animal spirits and sentiments are emerging about like, well, we don't like spam.
(04:49) And I think for a lot of people who kind of get lost in the technical details, it's very easy to latch on to the sentiment of I don't like spam. Um and so uh so that makes the sort of ocean knots camp maybe more appealing. Uh so that's yeah that's I guess a summary if you want to jump in anything in particular we can that's what I was saying I came out more confused than I went in.
(05:20) So last week on RHR, hey, I agree. You want policy to be aligned with consensus. Like whether we like it or not, these transactions are getting into blocks. They're non-standard, but they are valid within consensus rules and policy just isn't aligning with that. And like you said, this is disrupting the P2P layer and potentially the fee uh estimation process that that many nodes use, many applications use.
(05:49) And it makes sense to me to align policy with consensus. These things are happening. And if you can make it so Bitcoin full nodes are operating as efficiently and optimally as possible by changing this, it makes sense to me. I think my one like push back was like makes sense to me. However, I think how it was communicated to people and the whole mess with the PR.
(06:12) I think it's I think it's it was it's it's just a tactical error. Like even if this change gets in the the the real benefit of is is not material. You know, nobody was really clamoring for it. um this stuff always, you know, gets the hackles up of everybody who cares at all about, you know, spamming Bitcoin. So, it was a real tactical error.
(06:36) And I think that's that's one place where I mean it's kind of I had a little bit of shot in Freud seeing it because I'm fairly critical of core as a project along you know a variety of axes at this point and it was just kind of a demonstration of the the disconnection and kind of ineptitude of um publicity management kind of on on their end.
(06:58) Um, and so like there's part of me that enjoys seeing that because I I'm kind of convinced that that group has a lot less efficacy than they have credibility. And so to to see that kind of catch up was was interesting. The uh let's dive into that like what you said multiple axes you have a problem. I think we've throughout the years like we've been discussing the issues that Bitcoin like yourself particularly as a Bitcoin core developer for many years trying to get things through not only in the context of the way core works from a governance
(07:35) structure but just the way Bitcoin works as a distributed open source protocol like trying to get changes in and I will say like

@ 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.

@ 8d34bd24:414be32b

It is hard going through difficult situations. Health problems, family problems, financial problems, feeling alone, feeling stuck in the wrong place, and persecution are all situations that Christians regularly find themselves. The question is “How will we respond to pain?”

Advice for the Suffering

Some Christians pull away from God when it feels like everything is going wrong. They think God doesn’t care or can’t fix things. They resent every minute of pain and accuse God of wrongdoing. Even Job, who fell on his face in worship after losing everything had a moment of weakness.

“Oh that my grief were actually weighed\ And laid in the balances together with my calamity!\ For then it would be heavier than the sand of the seas;\ Therefore my words have been rash.” (Job 6:2-3) {emphasis mine}

After a moment of doubt, he did, however, repent of his rash words, as should we all.

Job should be an example to us all in dealing with pain and difficult situations. This is the verse that inspired this post.

But it is still my consolation,\ And I rejoice in unsparing pain,\ That I have not denied the words of the Holy One. \ (Job 6:10) {emphasis mine}

What an example! “I rejoice in unsparing pain.” When we trust God so much that we can rejoice in unsparing pain, we are trusting God as we should. We are accepting that God is working good in our life and we can trust Him even when nothing makes sense to us.

I also love how he says that his consolation is that “I have not denied the words of the Holy One.” Job is hurting terribly. His heart is broken. He is destitute. He lost 8 children in one day. His friends, that came to console him, have instead accused him of wrongdoing. He doesn’t understand what God is doing and why, but he has “NOT denied the words of the Holy One.” He is still putting his faith in God and his word. He is still submitting to God when he feels mistreated. He is still trusting \ God, even when he doesn’t understand what God is doing and why so many bad things are raining down on him in a torrent. Despite it all, he refuses to deny God. I hope if I am ever put through similar situations, that I can trust God and not deny His goodness.

Advice for friends

The book of Job, in addition to advice to those who are suffering, also gives advice to friends of those who are suffering. (or maybe more accurately, what not to do)

Job’s friends came with the intention to encourage and console Job. Every time Job would confess his thoughts, concerns, and questions, the response by his friends would get harsher and harsher. In the beginning they were gentle corrections, but they quickly escalated to accusing Job of great sins, that they had to know were not true, and blaming Job for every hard thing that had happened to him.

I’ve talked to other Christians who have confessed to being dragged down by other Christians who would tell them that every difficult thing that happened to them was due to their sin or lack of faith. In the case of Job, his difficulties were due to his faithfulness, in order to prove to Satan and all of history that a faithful man would stay faithful to God in good times and in bad.

Can Christians suffer as a consequence of sins and poor decisions? Of course, but there are many times that the faithful suffer. In Scripture, the people who suffered most were frequently the most faithful.

Job’s correction of his friends was accurate.

“For the despairing man there should be kindness from his friend;\ So that he does not forsake the fear of the Almighty.\ My brothers have acted deceitfully like a wadi,\ Like the torrents of wadis which vanish, (Job 6:14-15)

For those who don’t know, a wadi is a streambed that has water running in the wet season, but is bone dry during the dry season. Job accused his friends of being encouraging and helpful when he was prospering, then showing up and providing no encouragement or help when he needed it most. He thought refreshment was coming to visit, and instead what hope he had left was drained from him by his “friends.”

We need to make sure we aren’t one of those who decreases hope and decreases faith in one who is hurting. We need to have mercy when a hurting person works through their confusion and doubts and help lead them back to God instead of driving a wedge between them and God.

May the God of heaven protect us and lead us through the trials of life and may our trials lead us into the arms of our Savior. May God help us to merciful and to help guide the hurting into the Savior’s care.

Trust Jesus

@ b1ddb4d7:471244e7

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

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

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

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

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

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

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

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

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

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

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

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

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

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

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

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

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

Tickets & Info:

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• The latest firmware updates for COLDCARD devices introduce two major features: COLDCARD Co-sign (CCC) and Key Teleport between two COLDCARD Q devices using QR codes and/or NFC with a website.

What's new

• COLDCARD Co-Sign: When CCC is enabled, a second seed called the Spending Policy Key (Key C) is added to the device. This seed works with the device's Main Seed and one or more additional XPUBs (Backup Keys) to form 2-of-N multisig wallets.
  • The spending policy functions like a hardware security module (HSM), enforcing rules such as magnitude and velocity limits, address whitelisting, and 2FA authentication to protect funds while maintaining flexibility and control, and is enforced each time the Spending Policy Key is used for signing.
  • When spending conditions are met, the COLDCARD signs the partially signed bitcoin transaction (PSBT) with the Main Seed and Spending Policy Key for fund access. Once configured, the Spending Policy Key is required to view or change the policy, and violations are denied without explanation.

"You can override the spending policy at any time by signing with either a Backup Key and the Main Seed or two Backup Keys, depending on the number of keys (N) in the multisig."

• A step-by-step guide for setting up CCC is available here.

• Key Teleport for Q devices allows users to securely transfer sensitive data such as seed phrases (words, xprv), secure notes and passwords, and PSBTs for multisig. It uses QR codes or NFC, along with a helper website, to ensure reliable transmission, keeping your sensitive data protected throughout the process.

  • For more technical details, see the protocol spec.

"After you sign a multisig PSBT, you have option to “Key Teleport” the PSBT file to any one of the other signers in the wallet. We already have a shared pubkey with them, so the process is simple and does not require any action on their part in advance. Plus, starting in this firmware release, COLDCARD can finalize multisig transactions, so the last signer can publish the signed transaction via PushTX (NFC tap) to get it on the blockchain directly."

• Multisig transactions are finalized when sufficiently signed. It streamlines the use of PushTX with multisig wallets.
• Signing artifacts re-export to various media. Users are now provided with the capability to export signing products, like transactions or PSBTs, to alternative media rather than the original source. For example, if a PSBT is received through a QR code, it can be signed and saved onto an SD card if needed.
• Multisig export files are signed now. Public keys are encoded as P2PKH address for all multisg signature exports. Learn more about it here.
• NFC export usability upgrade: NFC keeps exporting until CANCEL/X is pressed.
• Added Bitcoin Safe option to Export Wallet.
• 10% performance improvement in USB upload speed for large files.
• Q: Always choose the biggest possible display size for QR.

Fixes

• Do not allow change Main PIN to same value already used as Trick PIN, even if Trick PIN is hidden.
• Fix stuck progress bar under Receiving... after a USB communications failure.
• Showing derivation path in Address Explorer for root key (m) showed double slash (//).
• Can restore developer backup with custom password other than 12 words format.
• Virtual Disk auto mode ignores already signed PSBTs (with “-signed” in file name).
• Virtual Disk auto mode stuck on “Reading…” screen sometimes.
• Finalization of foreign inputs from partial signatures. Thanks Christian Uebber!
• Temporary seed from COLDCARD backup failed to load stored multisig wallets.
• Destroy Seed also removes all Trick PINs from SE2.
• Lock Down Seed requires pressing confirm key (4) to execute.
• Q only: Only BBQr is allowed to export Coldcard, Core, and pretty descriptor.

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ 8bad92c3:ca714aa5

Marty's Bent

If you do one thing today, take the time to spend an hour to watch this YouTube video. As someone creating content who has become very cognizant of the effects of the algorithm and the pressures to cater to it, this video was unexpectedly and incredibly satisfying. We're coming up on the eight year anniversary of this newsletter and the podcast that accompanies it and over that eight year period, the pressures to compete in the world of ever increasing digital soy slop grow at an accelerating rate.

If you've seen our YouTube channel recently, you'll probably notice that we've bent the knee to the thumbnail and title clickbait game in an attempt to get our content out to a wider audience. This is something I've held out on for many years now at this point, but recently became convinced that it's something we simply have to do if we want to get our message out to a wider audience. As I write this, I'm thinking that maybe the fact that we have to do that in the first place says something about the content we're putting out there and whether or not it is actually valuable. But I do think the high velocity trash economy becoming completely saturated with digital soy slop has made it so people who truly want to get their message out have to play that game.

I want to make one thing clear. I certainly do not think I'm an artist, but I do like to think that over the last eight years we've been putting out information via content mediums that is valuable to you, dear reader. However, the informational content we put out there, particularly the audio and video content, is put on platforms where it is forced to compete with others who cater to the lowest common denominators of dopamine hijacking and in-group signaling that draws the masses like moths to a flame.

If you haven't watched the YouTube video yet, which I'm assuming 99.9% of you haven't, this may seem like a nonsensical ramble. So, I'll keep this one short and urge you to go watch the social commentary from comedian Jarrett Moore about the state of art, "content" and its effect on culture as it stands today. I'm assuming this isn't too much of a spoiler alert, but the situation is pretty dire. The world needs better art and people who are willing to support artists who are truly creative and take risks. This has nothing to do with bitcoin. But I think it highlights an interesting part of our society that is deteriorating at a rapid clip. And it's something that all of us should feel compelled to attend to lest we speed run into Idiocracy.

It made me feel uneasy about parts of my approach to this business, and that's a good thing.

Don't forget to buy a Bitkey!

Iran's Nuclear Ambitions Create a "Never-Ending Crisis"

In our latest discussion, energy expert Dr. Anas Alhajji described what he called Iran's "never-ending crisis" – a thesis he first published over 20 years ago that has proven remarkably accurate. As Alhajji explained, this crisis persists because of a fundamental contradiction: the U.S. sees any Iranian nuclear program (even peaceful) as strengthening a hostile regime, while Iran views nuclear energy as essential for domestic stability and economic survival.

"Iran is not going to negotiate over the bomb. They want to drag everything for the longest period until they get the bomb." - Dr. Anas Alhajji

What's particularly concerning is Iran's resilience against sanctions. Alhajji detailed how Iran has masterfully circumvented oil export restrictions through China, using a dedicated Chinese bank to process payments outside the international system. Iran's leadership appears willing to endure temporary geopolitical losses in Syria, Lebanon, and potentially Yemen, calculating that obtaining nuclear weapons will fundamentally transform regional politics and their treatment by the United States.

Check out the full podcast here for more on Trump's Middle East strategy, the future of BRICS, and critical challenges facing global energy infrastructure.

Headlines of the Day

Standard Chartered Predicts Bitcoin Will Reach $500K by 2028 - via X

Lummis: Genius Act Makes US Leader in Digital Asset Policy - via X

Get our new STACK SATS hat - via tftcmerch.io

Jake Tapper's Admission on Biden's Decline Sparks Media Ethics Debate - 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...

My oldest is already at the "faking sick to get out of school" stage and I'm extremely proud.

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