@ 8bad92c3:ca714aa5

Marty's Bent

via me

"The man in the coma" has been a long-running archetype of a bitcoiner on TFTC and Rabbit Hole Recap. Over the years, we've referenced the man in the coma in regards to bitcoin being a backward compatible distributed network that would enable an individual, in the case of our example - a man who fell into a coma, to be able to wake up many years, even decades, after falling into a deep sleep, go back to his bitcoin node and be able to participate in the network and validate his own transactions as if the network was operating the same it was the day he slipped into a coma. As a distributed network, this is one of bitcoin's greatest value props; consistency for the individual running it, no matter the version.

Having spent 12 years engrossed in bitcoin, thinking about it every day, building a media company focused on educating people about the network and the monetary revolution it enables, why it's important and how they can use it. Becoming a managing partner at Ten31, which is dedicated to investing in companies building out infrastructure that makes bitcoin more accessible and easier to use; "the man in the coma" has become a more prominent archetype in my mind.

"The man in the coma" archetype can be described in other ways. For instance, there was an individual by the name of John Doe, who joined myself and Matt Odell on TFTC about seven years ago who went to jail for four years. He was distributing certain goods on the Silk Road for many years and got nabbed by the police while throwing a house party. Unfortunately for Mr. Doe, the goods he were selling via the Silk Road were in the house hosting the party that got busted. Fortunately for Mr. Doe, the police who nabbed him were not privy to the way in which he was marketing and selling the goods. He went to jail for four years, walked out at the end of his sentence, found his bitcoin wallets, recovered them and was more than pleasantly surprised at the magnitude of his wealth.

The forced hodl that was incited by the state throwing him in a cage wound up paying off after four years. Now, I can certainly admit that time is the most scarce asset in the world. Being put in a cage for four years or falling into a coma for a number of years is not ideal. However, there are lessons to be gleaned from the successes that have been realized by "the man in the coma" and the man who was forced to hodl by being thrown in a cage. Unable to access his bitcoin during that period of time to make less than wise decisions.

The main lesson to be gleaned is that doing nothing is oftentimes significantly more optimal than doing something. Too many bitcoiners decide to make rash decisions influenced by the day-to-day happenings on social media or some one-off comment from someone in their personal life that they respect. These comments can be about the long-term viability of bitcoin itself, some prognostications about where the price is going in a short-term to medium-term time frame or simply the social aspects of being associated with bitcoin. All of these factors play into influencing certain individuals deciding to sell their bitcoin in the hopes of buying it back lower, realizing something material in their day-to-day life or jumping off a ship that they've been convinced is about to sink.

In my mind, the only thing listed above that makes a bit of sense to me is realizing something material in your day-to-day life. Selling some bitcoin to purchase something that makes your life better like enabling you to support your family at a critical time and in a way that would not be possible unless you sold bitcoin. That makes sense to me. However, the other two are completely nonsensical. Bitcoin's success is binary. It either succeeds or it doesn't. And if you accept that this is true, success means slowly but surely becoming the global reserve currency and monetary network used by billions of humans on the planet or it goes to zero.

If the former materializes, that means that billions of people are going to be competing for 21 million Bitcoin. There are, by some estimates, $900 trillion worth of assets that are being used to store wealth over the short, medium, and long term. Bitcoin has the potential to subsume a material percentage of that $900 trillion. In my mind, if bitcoin is as good as I believe it is, it should take at least half of that market, if not 80 to 90%. This in and of itself is a gamble. No one can be certain that this will come true. And with that in mind you have to make a probabilistic bet by surveying the world and discerning what the likelihood of bitcoin's ultimate success is.

If you think governments, central banks, and large corporations are going to continue down the path of unfettered expansion of the monetary base, debt, and misallocation of capital, bitcoin, a peer-to-peer distributed cash system that cannot be controlled by any individual. corporation, country, or central bank makes a lot of sense. The debasement, the debt expansion, and the misallocation of capital are driven by fallible humans working in incentive structures that are vulnerable to the fallible nature of the humans working within them.

Human fallibility brings with it the ability to talk oneself out of a position that one knows makes sense and is logical. This is the disadvantage that those who are not "the man in the coma" or "the man in a cage" operate from. Being forced to hodl bitcoin is already and will increasingly be seen as a relative advantage. Many who are in bitcoin today, paying attention to every headline, every pull request and every doubt flung their way will likely get to 2030 and agree that they made worse decisions than the man who was thrown in a cage or who slipped into a coma.

Of course, this isn't a fair introspective conclusion. The man in the coma and the man who was forced to hodl because he was put in a jail cell did not have a decision at the end of the day. Both were forced to hodl due to external or internal forces that, all else being equal, they would prefer not have had to endure. However, the outcome of these two situations will likely be better than the outcome of "the man in the arena" who thinks that by making decisions on the go as a slew of information comes his way on a day-to-day basis will materialize in a larger stack of satoshis.

The reality of the situation is such that no one truly knows where bitcoin is going to go on a day-to-day, month-to-month, or year-to-year basis. Especially at this point with large institutions, nation-states, corporations, and individual states getting into the fray. The only tried-and-true strategy within bitcoin over the long term is to stay humble, stack sats, and hodl like you are "the man in the coma" or the man who was thrown in a cage.

Bitcoin's Volatility Won't End With Institutional Adoption

Leon Wankum challenged the popular "supercycle" narrative during our conversation, arguing that Bitcoin's volatility isn't going away despite massive institutional adoption. While acknowledging that MicroStrategy now holds over 2% of all Bitcoin and won't sell, Leon maintains that leverage will still need to be washed out. He expects another 60% drawdown at the end of this bull cycle, viewing this as a feature rather than a bug of Bitcoin's design.

"Bitcoin naturally washes out leverage, it builds resilience and we don't go through these crazy boom and bust cycles, we go through bull and bear markets and I think that's a net positive." - Leon Wankum

Leon sees Bitcoin's volatility as fundamentally different from fiat's destructive boom-bust cycles. Where traditional markets require central bank intervention to prop up failing systems, Bitcoin's regular corrections create genuine resilience. Bad actors will always enter during euphoric phases, and the subsequent washouts ensure only strong hands remain. This natural selection process, he argues, is beautiful - it's what makes Bitcoin antifragile.

Check out the full podcast here for more on real estate opportunity costs, Bitcoin bonds, and treasury company risks.

---

Headlines of the Day

Romania Adds Crypto Terminals to Post Offices - via X

Musk Claims Trump in Epstein Files - via X

Uber CEO Calls Bitcoin Proven Store of Value - via X

Get our new STACK SATS hat - via tftcmerch.io

---

Take the First Step Off the Exchange

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

Take control. Start with Bitkey.

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

---

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

---

Final thought...

The kids really do grow up f

@ 9ca447d2:fbf5a36d

JPMorgan Chase, the largest bank in the U.S. and one of the most powerful institutions in global finance, is going deeper into Bitcoin. The bank is reportedly going to allow wealthy clients to use shares of Bitcoin ETFs—specifically BlackRock’s iShares Bitcoin Trust (IBIT) — as collateral for loans.

This is a big move from the Wall Street giant and a sign of how traditional finance is changing the way it treats bitcoin.

According to a Bloomberg report, JPMorgan will let trading and wealth-management clients borrow money using digital asset ETFs like IBIT as collateral—the same way clients might use stocks, real estate or even cars.

The bank will also factor clients’ digital asset holdings into calculations of net worth and liquidity. So now, bitcoin will be treated like real estate or company shares when assessing a client’s loan repayment ability.

This is set to launch in the coming weeks and will start with IBIT which has over $70 billion in assets. IBIT is now the largest spot bitcoin ETF in the world and has far outpaced competitors like Fidelity’s FBTC.

Previously JPMorgan only allowed bitcoin ETFs as collateral on a case-by-case basis, Bloomberg reports. This decision will now make it available to all wealth-management clients.

JPMorgan’s new Bitcoin-friendly strategy comes despite its CEO Jamie Dimon’s long-time skepticism of Bitcoin. For years, Dimon has been one of the most vocal critics of Bitcoin, calling it a tool for criminals and comparing it to a “pet rock.”

But in a change of heart, Dimon recently said the bank would allow clients to buy bitcoin. At JPMorgan’s annual Investor Day, he said, “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy bitcoin.”

Related: JPMorgan Chase to Allow Clients to Buy Bitcoin, Says CEO Jamie Dimon

While Dimon remains personally unconvinced about the long-term value of bitcoin, the bank seems to be moving forward with embracing bitcoin, a move Bitcoin advocates believe is rooted in fear of missing out on possible profits and losing market share.

JPMorgan is following the trend on Wall Street. Other big financial players like Fidelity, Grayscale, and Standard Chartered have launched services for clients to invest or trade bitcoin.

The approval of Bitcoin ETFs by the U.S. SEC in 2024 has opened the door to millions of investors who were hesitant to enter the Bitcoin space.

Institutional interest is surging as the political landscape is also opening doors for digital assets. Under President Donald Trump’s administration, several Bitcoin-friendly policy changes have been introduced.

In April 2025, the Federal Reserve withdrew past guidance that discouraged banks from working with digital asset companies. Soon after, the US Office of the Comptroller of the Currency confirmed banks could hold customer’s bitcoin in custody.

@ b1ddb4d7:471244e7

The Coinbase Lightning Network is Coinbase’s implementation of Bitcoin’s Lightning Network technology, launched in partnership with Lightspark in April 2024. This innovative solution allows users to send, receive, and pay with bitcoin instantly and cheaply directly from their Coinbase accounts.

Think of the Coinbase Lightning Network as the express lane of bitcoin transactions. While regular bitcoin transfers can take 10-60 minutes and cost several dollars in fees, Lightning Network transactions on Coinbase complete in seconds with fees typically under a cent.

Key Benefits of Coinbase Lightning Network:

• Instant transfers: Transactions complete in seconds, not hours
• Ultra-low fees: 0.2% processing fee vs. traditional network fees
• Global reach: Send bitcoin anywhere in the world instantly
• Cost efficiency: 20 times cheaper than traditional credit card fees

Coinbase Lightning Network vs Regular Bitcoin Transfers

Understanding the difference between Coinbase Lightning Network and regular bitcoin transfers is crucial for choosing the right method:

Feature

Coinbase Lightning Network

Regular Bitcoin Transfer

Speed

Instant (seconds)

10-60 minutes

Fees

0.2% + minimal network fee

$5-50+ depending on network

Best for

Small to medium amounts

Large amounts, long-term storage

Availability

24/7 instant

Subject to network congestion

The Coinbase Lightning Network processes transactions “off-chain,” creating payment channels that settle later on the main Bitcoin blockchain, resulting in dramatically faster and cheaper transactions.

How to Send Bitcoin Using Coinbase Lightning Network

Sending Bitcoin through Coinbase’s Lightning option is incredibly straightforward. Follow these step-by-step instructions:

Step 1: Access Your Coinbase Account

1. Sign in to your Coinbase account via web browser or mobile app
2. Ensure you have bitcoin (BTC) in your account balance
3. Navigate to your portfolio and locate your bitcoin holdings

Step 2: Initiate the Lightning Transfer

1. Click “Transfer” then select “Send crypto”
2. Choose bitcoin (BTC) as your asset
3. Enter the amount you wish to send
4. Select Lightning Network as your transfer method

Step 3: Add Recipient Information

1. Obtain the Lightning Network invoice from your recipient
2. Paste the invoice into the recipient field
3. The Coinbase Lightning Network will automatically detect and validate the invoice
4. Review the transaction details carefully

Step 4: Complete the Transaction

1. Verify the amount and recipient information
2. Click “Send” to initiate the transfer
3. Your Coinbase Lightning Network transaction will complete within seconds
4. Both you and the recipient will receive confirmation notifications

How to Receive Bitcoin via Coinbase Lightning Network

Receiving Bitcoin through Coinbase’s Lightning option requires generating a Lightning invoice. Here’s your complete guide:

Step 1: Generate a Lightning Invoice

1. Log into your Coinbase account
2. Navigate to “Transfer” then “Receive crypto”
3. Select Bitcoin (BTC) as the asset you wish to receive
4. Choose “Lightning Network” as your receiving method

Step 2: Create Your Invoice

1. Enter the specific amount you want to receive (required for Lightning)
2. Add an optional description or memo
3. Click “Generate Invoice”
4. Your Lightning Network invoice will appear as both a QR code and text string

Step 3: Share Your Invoice

1. Copy the Lightning invoice text or share the QR code
2. Send this information to the person sending you Bitcoin
3. Remember: Lightning invoices expire after 72 hours
4. Generate a new invoice if the original expires

Step 4: Receive Your Bitcoin

1. Once the sender pays your invoice, you’ll receive instant notification
2. The bitcoin will appear in your Coinbase account immediately
3. No waiting for blockchain confirmations required with Coinbase Lightning Network

Coinbase Lightning Network Fees and Limits

Understanding the fee structure of Coinbase Lightning Network helps you make informed decisions:

• Processing Fee: 0.2% of the transfer amount
• Network Fee: Minimal (typically fractions of a cent)
• Minimum Amount: Varies by region, typically $0.1- 5
• Maximum Amount: Subject to your account limits and Lightning Network capacity

The Coinbase Lightning Network offers significant savings compared to traditional bitcoin transfers, especially for smaller amounts under $1,000.

Troubleshooting Common Coinbase Lightning Network Issues

Even with the user-friendly Coinbase Lightning Network, you might encounter some challenges:

Invoice Expired Error

• Solution: Generate a fresh Lightning invoice
• Prevention: Complete transactions promptly after generating invoices

Transaction Failed

• Cause: Insufficient Lightning Network liquidity or routing issues
• Solution: Try again in a few minutes or use smaller amounts

Can’t Find Lightning Option

• Check: Ensure Lightning is available in your region
• Verify: Update your Coinbase app to the latest version

Address Whitelist Issues

• Problem: Lightning invoices may not work with address whitelisting enabled
• Solution: Temporarily disable whitelisting or contact Coinbase support

The Coinbase Lightning Network transforms bitcoin from a store of value into a practical, everyday payment method. With instant transactions, minimal fees, and user-friendly implementation, it’s never been easier to send and receive bitcoin.

@ cae03c48:2a7d6671

Bitcoin Magazine

Investment Holding Company Belgravia Hartford Capital Makes First Bitcoin Purchase as Part of Treasury Strategy

Belgravia Hartford Capital Inc. (CSE:BLGV) announced that it has made its first Bitcoin acquisition as part of the company’s Bitcoin treasury strategy as well as other corporate developments. 

JUST IN: Publicly traded investment holding company Belgravia Hartford announces its first Bitcoin purchase for its reserves pic.twitter.com/TUfPCvGuBk

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

The company confirmed the purchase of 4.86 BTC for USD $500,000 at an average price of $102,848 per BTC. The move follows a previously announced $5 million credit facility with Round13 Digital Asset Fund L.P., from which Belgravia has drawn its first full tranche.

“We are very pleased to have entered the market at this time,” stated CEO of Belgravia Mehdi Azodi. “Belgravia and Round 13 DAF will continue to monitor the Facility and our holdings of BTC as we move into the anticipated active Summer for Belgravia, cryptocurrencies and BTC in particular.”

Belgravia also reported a CAD $44.1 million non-capital tax loss after filing its 2023 return. This loss can be carried forward for up to 20 years. The company is now working with advisors to explore ways to monetize the tax asset to support its Bitcoin treasury strategy and overall balance sheet.

“Belgravia’s accounting, legal and business advisors are exploring a number of options and opportunities in order to monetize this CAD $44 million Non-Capital Loss for the benefit of shareholders and further strengthen our balance sheet to match our stated BTC treasury strategy,” Azodi stated.

The adoption of Bitcoin as a treasury reserve asset has dramatically increased over the course of the last year, expanding globally. To date, there are 226 companies and other entities with Bitcoin in their balance sheets. 

Last week, Know Labs, Inc. (NYSE American: KNW) also announced the adoption of a Bitcoin treasury strategy, starting with 1,000 Bitcoin as part of a deal with Goldeneye 1995 LLC and Ripple Chief Risk Officer Greg Kidd, who is the CEO and Chairman of the Board of Directors of Know Labs. The Bitcoin will represent about 82% of Know Labs’ $128 million market cap at a BTC price of $105,000.

“I’m thrilled to deploy a Bitcoin treasury strategy with the support of a forward-looking organization like Know Labs at a time when market and regulatory conditions are particularly favorable,” said Mr. Kidd. “We believe this approach will generate sustainable growth and long-term shareholder value.”

JUST IN: Know Labs, Inc. announces its adopting a Bitcoin Treasury Strategy and holds 1,000 Bitcoin pic.twitter.com/NSn2xFZYx0

— Bitcoin Magazine (@BitcoinMagazine) June 6, 2025

This post Investment Holding Company Belgravia Hartford Capital Makes First Bitcoin Purchase as Part of Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ cae03c48:2a7d6671

Bitcoin Magazine

Japan’s ANAP Holdings Launches Full Bitcoin Business Strategy with Goal of Over 1,000 BTC by August 2025

ANAP Holdings, Inc. (3189: Tokyo Standard Market) has officially announced the launch of its “Bitcoin Business” in a formal corporate filing, detailing an entry into Bitcoin focused operations across treasury, finance, fashion, and mining.

JUST IN: fashion brand ANAP, previously purchased 102.9 BTC, goes into FULL #bitcoin Treasury Strategy mode and aims for 1,000+ BTC by August 2025.

They have raised capital to increase their treasury, including an in-kind investment of 584.9135 BTC, which would bring their… pic.twitter.com/k6L8snzmtY

— NLNico (@btcNLNico) June 9, 2025

In a statement signed by President and CEO Yuta Sawaki, the company confirmed that its consolidated subsidiary ANAP Lightning Channel will lead the initiative, with plans to hold more than 1,000 BTC by August 2025. “We aim to strengthen our balance sheet by acquiring Bitcoin in stages as a strategic reserve asset,” the company said. 

The company’s pivot toward Bitcoin is rooted in a belief that the asset, like gold, represents a global store of value amid rising inflation and macroeconomic instability. “Bitcoin is a decentralized digital currency… called ‘digital gold’ for its scarcity and durability, and is gaining attention as a store of value,” the document states. 

A significant portion of the strategy includes a planned in-kind capital contribution of 584.9135 BTC from Capital T Coin Co., Ltd., scheduled for July 2025. This builds on ANAP’s prior acquisition of 102.9 BTC, bringing its total to 687.8136 BTC, pending shareholder approval on July 18. The group aims to reach 1,000 BTC through further purchases. 

Beyond treasury accumulation, the group’s Bitcoin Business will also encompass:

• A Bitcoin trading desk targeting both institutional and retail participants.

• A Bitcoin x Fashion/Lifestyle division, which will develop Bitcoin-themed apparel and premium consumer goods.

• A Bitcoin mining-related business offering software, consulting, and operational support.

As part of its capital strategy, ANAP is executing a ¥7.625 billion Debt-to-Equity Swap (DES) in July 2025, with contributions from stakeholders including Net Prize GK, Q.L.Land, and Tiger Japan Investment. 

“Through the in-kind contribution from Capital T Coin, we will strategically hold Bitcoin within the group,” the company wrote. “We aim to maintain a low-cost position with an average acquisition fee of approximately 0.3% including market and spread costs.” 

With global institutional interest rising, ANAP’s pivot may position it as a pioneer among Asian consumer brands adopting Bitcoin as a reserve asset and innovation platform.

This post Japan’s ANAP Holdings Launches Full Bitcoin Business Strategy with Goal of Over 1,000 BTC by August 2025 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ cae03c48:2a7d6671

Bitcoin Magazine

New York City Won’t Be Issuing BitBonds Anytime Soon

Since 2021, Mayor Eric Adams has been talking about how he’s going to make New York City the center of the crypto industry, though this hasn’t materialized. (Some Bitcoin and crypto companies are based here, but this has little to do with Adams’ efforts — or lack thereof.)

So, when I heard the mayor propose issuing BitBonds in New York City at Bitcoin 2025, I was far from convinced that this would actually happen.

And then when I read a statement from NYC Comptroller Brad Lander on the topic, it became even more clear to me that Adams was merely posturing when it came to BitBonds.

“New York City will not be issuing any bitcoin-backed bonds on my watch,” said Lander in the statement.

“Mayor Eric Adams may be willing to bet our future on crypto in exchange for a trip to Vegas, but my job is to ensure our City’s financial stability. Cryptocurrencies are not sufficiently stable to finance our City’s infrastructure, affordable housing, or schools,” he added. 

“Proposing that New York City should open its capital planning to crypto could expose our City to new risks and erode bond buyers’ trust in our City.”

In the statement, Lander went on to discuss how BitBonds would work at the federal level (90% of the funds go to government expenditures, while 10% goes to buying bitcoin for a Strategic Bitcoin Reserve), before noting a key difference between federal bonds and the bonds that New York City issues.

“While the federal government issues bonds to fund traditional expenditures, New York City primarily issues bonds to fund capital assets and in only very narrow circumstances can the City finance other purposes,” wrote Lander.

Lander then went on to lay out a number of other reasons why New York City will not be issuing BitBonds anytime soon, including that ”New York City would have to be able to take transactions in Bitcoin in order to issue bonds backed by Bitcoin” because “New York City has neither any mechanism to pay for its Capital Assets in any other currency besides the US Dollar nor any means to convert Bitcoin to US Dollars.”

(If I read that correctly, Lander says that New York City doesn’t know how to set up a Bitcoin wallet or trade bitcoin for U.S. dollars. Just about on par for an elected official in New York.)

Now, pardon my cynicism here, but I’m a New Yorker — a resident of one of the most restrictive jurisdictions in the world when it comes to Bitcoin and crypto, thanks to the BitLicense — and there are two things you can bet on at this point in time in New York.

1. Mayor Eric Adams will talk a good game about Bitcoin and crypto while not taking any action behind the scenes.
2. Bureaucrats and elected officials alike in New York will continue to throw cold water on anything that challenges Wall Street’s power, while still claiming that New York is the “financial capital of the world.” (Laughable.)

So, Mayor Adams can make all the proposals he wants from stages in Las Vegas to NYC-sponsored crypto summits, but until I see his administration actually do something substantial for New York City residents as it pertains to Bitcoin and crypto, I’ll just assume that New York will continue to stagnate financially.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

This post New York City Won’t Be Issuing BitBonds Anytime Soon first appeared on Bitcoin Magazine and is written by Frank Corva.

@ cae03c48:2a7d6671

Bitcoin Magazine

BlackRock’s iShares Bitcoin Trust Shatters ETF Growth Record, Surpassing $70 Billion in Just 341 Days

BlackRock’s iShares Bitcoin Trust (IBIT) has officially made history. The Bitcoin ETF surged past $70 billion in assets under management (AUM), reaching the milestone in just 341 trading days. This achievement makes IBIT the fastest ETF to ever hit that threshold. 

JUST IN: BlackRock's spot Bitcoin ETF becomes the fastest ETF in history to surpass $70 billion AUM pic.twitter.com/kZkXhjEvq0

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

To put that into perspective, the previous record-holder—SPDR Gold Shares (GLD)—took 1,691 days to reach the same milestone. “5x faster than the old record held by GLD of 1,691 days,” Bloomberg ETF analyst Eric Balchunas wrote in a post on X. Other ETFs like VOO (1,701 days), IEFA (1,773 days), and IEMG (2,063 days) also lag far behind IBIT’s rapid growth.

The explosive rise in IBIT’s AUM coincides with Bitcoin’s continued rally. At the time of reporting, Bitcoin (BTC) is trading above $108,000, up more than 2.06%, and sitting just under 4% below its all-time high of nearly $112,000 set last month. 

BlackRock’s accumulation strategy has placed it at the forefront of institutional Bitcoin investment. According to blockchain analytics firm Arkham Intelligence, the firm now holds over 663,000 bitcoin—more than Michael Saylor’s MicroStrategy, which famously owns 582,000 BTC. 

The price surge and ETF milestone reflect a broader institutional embrace of Bitcoin as a legitimate and increasingly preferred asset class. The record breaking pace of IBIT’s growth underscores the demand from investors looking for regulated exposure to Bitcoin through traditional financial products. 

The chart clearly visualizes the disparity in ETF adoption timelines, with IBIT’s steep, vertical ascent dramatically outpacing its peers in the race to $70 billion. It’s a testament to the accelerating pace at which capital is flowing into Bitcoin markets.

As Bitcoin continues to hold just below its peak, and institutional products like IBIT grow at unprecedented speeds, all eyes are on what comes next—not just for Bitcoin, but for the legacy financial industry now being reshaped by it. 

This post BlackRock’s iShares Bitcoin Trust Shatters ETF Growth Record, Surpassing $70 Billion in Just 341 Days first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ cae03c48:2a7d6671

Bitcoin Magazine

KULR Technology Group Announces $300 Million ATM Offering To Invest in Their Bitcoin Treasury

KULR Technology Group, Inc. (NYSE American: KULR) announced it has entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and Craig-Hallum Capital Group LLC, enabling the company to sell up to $300 million of its common stock in an at-the-market (ATM) offering to support its Bitcoin treasury reserve.

JUST IN: Public company KULR is raising up to $300 million to buy more #Bitcoin pic.twitter.com/Jg0yaAFkI7

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

Under the agreement, Cantor Fitzgerald will act as the sole sales agent, using commercially reasonable efforts to sell shares at market prices. The offering will be made under an existing shelf registration and may occur from time to time based on market conditions and company discretion.

As of June 6, 2025, KULR’s common stock was trading at $1.18 per share. The total number of shares issued under the agreement will not exceed the company’s authorized but unissued shares, after accounting for shares already reserved or committed.

“Our common stock is listed and traded on the NYSE American LLC under the symbol ‘KULR,’” stated the filing.

KULR will pay the sales agents a commission of up to 3.0% of the gross sales proceeds. The agents are considered underwriters under the Securities Act of 1933, and KULR has agreed to indemnify them against certain liabilities.

“Our business and an investment in our common stock involve significant risks,” stated the filing. “These risks are described under the caption “Risk Factors” beginning on page S-6 of this prospectus supplement, and the risk factors incorporated by reference into this prospectus supplement and the accompanying base prospectus.”

KULR started adopting bitcoin as their primary treasury reserve asset in December 2024. Their strategy focuses on acquiring and holding bitcoin by using cash flows that exceed working capital requirements, issuing equity debt securities or raising more capital to purchase more Bitcoin.

“We view our bitcoin holdings as long term holdings and expect to continue to accumulate bitcoin,” mentioned the filing on page S-2. “We have not set any specific target for the amount of bitcoin we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional bitcoin purchases. This overall strategy also contemplates that we may periodically sell bitcoin for general corporate purposes or in connection with strategies that generate tax benefits in accordance with applicable law, enter into additional capital raising transactions, including those that could be collateralized by our bitcoin holdings, and consider pursuing strategies to create income streams or otherwise generate funds using our bitcoin holdings.”

This post KULR Technology Group Announces $300 Million ATM Offering To Invest in Their Bitcoin Treasury first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ cae03c48:2a7d6671

Bitcoin Magazine

Robert Mitchnick Discusses BlackRock’s Bitcoin ETF IBIT Success On Bloomberg

Today, the Head of Digital Assets of BlackRock Robert Mitchnick, at the Bloomberg ETF IQ, talked about what’s really driving the surge in Bitcoin ETFs.

“It’s a lot of things coming together. Out of the gate was retail and investor demand…” said Mitchnick. “Now, more recently, we’ve seen just steady progress of more wealth advisor adoption, more institutional adoption. It’s been a mix of people who it’s the first time that they’ve invested in anything in the crypto space. And then on the other hand, you have lots of people who’ve been invested in Bitcoin for a long time and they’re taking advantage of the ETP wrapper.”

JUST IN: $11.5 trillion BlackRock's Robert Mitchnick said wealth advisor adoption of Bitcoin is "very early" pic.twitter.com/UqiarMWEvV

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

When it comes to institutional adoption, Mitchnick says we’re still early. ETF approvals usually take years, but some firms are fast-tracking the process.

“We’ve seen that fast tracked by a number of firms, and we talk about fast tracking,” stated Mitchnick. “We’re talking about, you know, quarters, not months. And slowly but surely, you’ve seen, I think, an acceleration, particularly in the last couple of months of more notable firms lowering barriers, granting approvals to their advisors to use these.”

Bitcoin’s volatility has declined recently, making it more appealing for institutions seeking diversification. However, it remains volatile, but its risk and return profile differs from traditional assets.

“There’s no question it’s relatively novel technology,” Mitchnick commented. “Even though the volatility has come down, it’s still volatile, but at the same time its risk and return drivers are markedly different from most of the rest of the assets in a traditional portfolio, and that’s important. And so when institutions are looking at this, they’re heavily focused on that correlation and whether it’s zero or even in some periods negative, because then the portfolio construction case is very compelling to them.”

About a dozen Bitcoin ETFs currently compete in the market, and demand remains strong.

“Well, a lot of them have been, you know, very successful, too,” stated Mitchnick. “Obviously, it has been the leader in the category by a fair margin. But there’s been such demand that, you know, it’s been exciting and there’s lots of products in the space and that’s a good thing.”

This post Robert Mitchnick Discusses BlackRock’s Bitcoin ETF IBIT Success On Bloomberg first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 2b998b04:86727e47

Turning 60

Ten years ago, I turned 50 with a vague sense that something was off.

I was building things, but they didn’t feel grounded.\ I was "in tech," but tech felt like a treadmill—just faster, sleeker tools chasing the same hollow outcomes.\ I knew about Bitcoin, but I dismissed it. I thought it was just “tech for tech’s sake.”

Less than a year later, I fell down the rabbit hole.

It didn’t happen all at once. At first it was curiosity. Then dissonance. Then conviction.

Somewhere in that process, I realized Bitcoin wasn’t just financial—it was philosophical. It was moral. It was real. And it held up a mirror to a life I had built on momentum more than mission.

So I started pruning.

I left Web3.\ I pulled back from projects that ran on hype instead of honesty.\ I repented—for chasing relevance instead of righteousness.\ And I began stacking—not just sats, but new habits. New thinking. New rhythms of faith, work, and rest.

Now at 60, I’m not where I thought I’d be.

But I’m more myself than I’ve ever been.\ More convicted.\ More rooted.\ More ready.

Not to start over—but to build again, from the foundation up.

---

If you're in that middle place—between chapters, between convictions, between certainty and surrender—you're not alone.

🟠 I’m still here. Still building. Still listening.

Zap if this resonates, or send your story. I’d love to hear it.

[*Zap *](https://tinyurl.com/yuyu2b9t)

---

@ 472f440f:5669301e

Marty's Bent

via me

"The man in the coma" has been a long-running archetype of a bitcoiner on TFTC and Rabbit Hole Recap. Over the years, we've referenced the man in the coma in regards to bitcoin being a backward compatible distributed network that would enable an individual, in the case of our example - a man who fell into a coma, to be able to wake up many years, even decades, after falling into a deep sleep, go back to his bitcoin node and be able to participate in the network and validate his own transactions as if the network was operating the same it was the day he slipped into a coma. As a distributed network, this is one of bitcoin's greatest value props; consistency for the individual running it, no matter the version.

Having spent 12 years engrossed in bitcoin, thinking about it every day, building a media company focused on educating people about the network and the monetary revolution it enables, why it's important and how they can use it. Becoming a managing partner at Ten31, which is dedicated to investing in companies building out infrastructure that makes bitcoin more accessible and easier to use; "the man in the coma" has become a more prominent archetype in my mind.

"The man in the coma" archetype can be described in other ways. For instance, there was an individual by the name of John Doe, who joined myself and Matt Odell on TFTC about seven years ago who went to jail for four years. He was distributing certain goods on the Silk Road for many years and got nabbed by the police while throwing a house party. Unfortunately for Mr. Doe, the goods he were selling via the Silk Road were in the house hosting the party that got busted. Fortunately for Mr. Doe, the police who nabbed him were not privy to the way in which he was marketing and selling the goods. He went to jail for four years, walked out at the end of his sentence, found his bitcoin wallets, recovered them and was more than pleasantly surprised at the magnitude of his wealth.

The forced hodl that was incited by the state throwing him in a cage wound up paying off after four years. Now, I can certainly admit that time is the most scarce asset in the world. Being put in a cage for four years or falling into a coma for a number of years is not ideal. However, there are lessons to be gleaned from the successes that have been realized by "the man in the coma" and the man who was forced to hodl by being thrown in a cage. Unable to access his bitcoin during that period of time to make less than wise decisions.

The main lesson to be gleaned is that doing nothing is oftentimes significantly more optimal than doing something. Too many bitcoiners decide to make rash decisions influenced by the day-to-day happenings on social media or some one-off comment from someone in their personal life that they respect. These comments can be about the long-term viability of bitcoin itself, some prognostications about where the price is going in a short-term to medium-term time frame or simply the social aspects of being associated with bitcoin. All of these factors play into influencing certain individuals deciding to sell their bitcoin in the hopes of buying it back lower, realizing something material in their day-to-day life or jumping off a ship that they've been convinced is about to sink.

In my mind, the only thing listed above that makes a bit of sense to me is realizing something material in your day-to-day life. Selling some bitcoin to purchase something that makes your life better like enabling you to support your family at a critical time and in a way that would not be possible unless you sold bitcoin. That makes sense to me. However, the other two are completely nonsensical. Bitcoin's success is binary. It either succeeds or it doesn't. And if you accept that this is true, success means slowly but surely becoming the global reserve currency and monetary network used by billions of humans on the planet or it goes to zero.

If the former materializes, that means that billions of people are going to be competing for 21 million Bitcoin. There are, by some estimates, $900 trillion worth of assets that are being used to store wealth over the short, medium, and long term. Bitcoin has the potential to subsume a material percentage of that $900 trillion. In my mind, if bitcoin is as good as I believe it is, it should take at least half of that market, if not 80 to 90%. This in and of itself is a gamble. No one can be certain that this will come true. And with that in mind you have to make a probabilistic bet by surveying the world and discerning what the likelihood of bitcoin's ultimate success is.

If you think governments, central banks, and large corporations are going to continue down the path of unfettered expansion of the monetary base, debt, and misallocation of capital, bitcoin, a peer-to-peer distributed cash system that cannot be controlled by any individual. corporation, country, or central bank makes a lot of sense. The debasement, the debt expansion, and the misallocation of capital are driven by fallible humans working in incentive structures that are vulnerable to the fallible nature of the humans working within them.

Human fallibility brings with it the ability to talk oneself out of a position that one knows makes sense and is logical. This is the disadvantage that those who are not "the man in the coma" or "the man in a cage" operate from. Being forced to hodl bitcoin is already and will increasingly be seen as a relative advantage. Many who are in bitcoin today, paying attention to every headline, every pull request and every doubt flung their way will likely get to 2030 and agree that they made worse decisions than the man who was thrown in a cage or who slipped into a coma.

Of course, this isn't a fair introspective conclusion. The man in the coma and the man who was forced to hodl because he was put in a jail cell did not have a decision at the end of the day. Both were forced to hodl due to external or internal forces that, all else being equal, they would prefer not have had to endure. However, the outcome of these two situations will likely be better than the outcome of "the man in the arena" who thinks that by making decisions on the go as a slew of information comes his way on a day-to-day basis will materialize in a larger stack of satoshis.

The reality of the situation is such that no one truly knows where bitcoin is going to go on a day-to-day, month-to-month, or year-to-year basis. Especially at this point with large institutions, nation-states, corporations, and individual states getting into the fray. The only tried-and-true strategy within bitcoin over the long term is to stay humble, stack sats, and hodl like you are "the man in the coma" or the man who was thrown in a cage.

Bitcoin's Volatility Won't End With Institutional Adoption

Leon Wankum challenged the popular "supercycle" narrative during our conversation, arguing that Bitcoin's volatility isn't going away despite massive institutional adoption. While acknowledging that MicroStrategy now holds over 2% of all Bitcoin and won't sell, Leon maintains that leverage will still need to be washed out. He expects another 60% drawdown at the end of this bull cycle, viewing this as a feature rather than a bug of Bitcoin's design.

"Bitcoin naturally washes out leverage, it builds resilience and we don't go through these crazy boom and bust cycles, we go through bull and bear markets and I think that's a net positive." - Leon Wankum

Leon sees Bitcoin's volatility as fundamentally different from fiat's destructive boom-bust cycles. Where traditional markets require central bank intervention to prop up failing systems, Bitcoin's regular corrections create genuine resilience. Bad actors will always enter during euphoric phases, and the subsequent washouts ensure only strong hands remain. This natural selection process, he argues, is beautiful - it's what makes Bitcoin antifragile.

Check out the full podcast here for more on real estate opportunity costs, Bitcoin bonds, and treasury company risks.

---

Headlines of the Day

Romania Adds Crypto Terminals to Post Offices - via X

Musk Claims Trump in Epstein Files - via X

Uber CEO Calls Bitcoin Proven Store of Value - via X

Get our new STACK SATS hat - via tftcmerch.io

---

Take the First Step Off the Exchange

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

Take control. Start with Bitkey.

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

---

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

---

Final thought...

The kids really do grow up faster than you expect.

---

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

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

@ da8b7de1:c0164aee

Sizewell C atomerőmű – 14,2 milliárd fontos állami beruházás

A brit kormány 14,2 milliárd fonttal támogatja az új Sizewell C atomerőmű megépítését a suffolki tengerparton. A beruházás célja, hogy növelje az ország energiaszuverenitását, elősegítse a gazdasági növekedést, és hozzájáruljon a klímavédelmi célokhoz azáltal, hogy hatmillió otthon energiaellátását biztosítja alacsony szén-dioxid-kibocsátású forrásból.

Főbb pontok:

• A Sizewell C várhatóan 10 000 közvetlen munkahelyet teremt, és további ezreket a beszállítói láncban; az építkezés során 1 500 tanuló is részt vesz majd.
• A projekt a legnagyobb nukleáris beruházás egy generáció óta, és a kormány szerint elengedhetetlen a fosszilis energiahordozók kiváltásához, valamint a villamosenergia-hálózat dekarbonizációjához 2030-ig.
• A Sizewell C a Hinkley Point C mintájára épül, amely jelentős késésekkel és költségtúllépésekkel küzd – emiatt a kritikusok attól tartanak, hogy a Sizewell C is hasonló sorsra juthat.
• A projekt végső költsége még bizonytalan: a hivatalos becslések 20-35 milliárd font között mozognak, de egyes iparági források akár 40 milliárd fontos végösszeget is elképzelhetőnek tartanak.
• A finanszírozás részben állami, részben magánbefektetőktől és a fogyasztók villanyszámláján keresztül valósul meg – utóbbi a Regulated Asset Base (RAB) modell révén, ami várhatóan növeli a háztartások energiaszámláit.
• A beruházás ellenzői – köztük a Stop Sizewell C csoport – szerint a pénzt más, olcsóbb és gyorsabban megvalósítható megújuló energiaforrásokra kellene fordítani, és aggódnak a környezeti hatások, valamint a helyi lakosságot érintő változások miatt.
• A végső befektetési döntés (Final Investment Decision) még nem született meg, annak meghozatalát a nyárra ígérik.

Források::

• bbc.com
• stopsizewellc.org
• edfenergy.com
• gov.uk

@ 2b998b04:86727e47

In an inflationary system, the goal is often just to keep up.

With prices always rising, most of us are stuck in a race:\ Earn more to afford more.\ Spend before your money loses value.\ Monetize everything just to stay ahead of the curve.

Work becomes reactive.\ You hustle to outrun rising costs.\ You take on projects you don’t believe in just to make next month’s bills.\ Money decays. So you move faster, invest riskier, and burn out quicker.

But what happens when the curve flips?

A deflationary economy—like the one Bitcoin makes possible—rewards stillness, reflection, and intentionality.

Time favors the saver, not the spender.\ Money gains purchasing power.\ You’re no longer punished for patience.

You don’t have to convert your energy into cash before it loses value.\ You don’t have to be always on.\ You can actually afford to wait for the right work.

And when you do work—it means more.

💡 The “bullshit jobs” David Graeber wrote about start to disappear.\ There’s no need to look busy just to justify your existence.\ There’s no reward for parasitic middle layers.\ Instead, value flows to real craft, real care, and real proof of work—philosophically and literally.

So what does a job look like in that world?

— A farmer building soil instead of chasing subsidies.\ — An engineer optimizing for simplicity instead of speed.\ — A craftsman making one perfect table instead of ten cheap ones.\ — A writer telling the truth without clickbait.\ — A builder who says no more than they say yes.

You choose work that endures—not because it pays instantly, but because it’s worth doing.

The deflationary future isn’t a fantasy.\ It’s a recalibration.

It’s not about working less.\ It’s about working better.

That’s what Bitcoin taught me.\ That’s what I’m trying to live now.

---

🟠 If you’re trying to align your work with these values, I’d love to connect.\ Zap this post, reply with your story, or follow along as I build—without permission, but with conviction.\ [https://tinyurl.com/yuyu2b9t](https://tinyurl.com/yuyu2b9t)

@ 5d4b6c8d:8a1c1ee3

First day of intentionally doing just one meal (or at least one highly condensed period of eating), but I chickened out on the cold shower. Those are a lot easier after being out in the hot Sun than when you've just woken up and the house is chilly.

How'd you do today stackers? What are you going to do better tomorrow?

https://stacker.news/items/1002208

@ 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.

---

My Nostr Public Key: npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

---

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

@ eb0157af:77ab6c55

The stance taken by 31 Bitcoin Core developers divides the community over non-monetary transactions and use cases.

The Bitcoin community finds itself at the center of a heated debate after 31 Bitcoin Core developers published a joint statement outlining a non-interventionist approach to network usage, amid ongoing controversy over non-financial use cases.

The document, published on June 6 on the Bitcoin Core website, has sparked mixed reactions among bitcoiners. The developers clarified their position:

“This is not endorsing or condoning non-financial data usage, but accepting that as a censorship-resistant system, Bitcoin can and will be used for use cases not everyone agrees on.”

The statement emphasizes that Bitcoin is a network “defined by its users” and that core contributors are “not in a position” to enforce mandates on what software or policies people should choose. “Being free to run any software is the network’s primary safeguard against coercion,” it reads.

Community reactions

Not everyone welcomed the developers’ statement. Samson Mow, CEO of JAN3, criticized the tone of the release:

Bitcoin Core devs have been changing the network gradually to enable spam and now seem focused on also removing barriers for spammers. It’s disingenuous to just say “it is what it is now, too bad.”

This statement itself is also inappropriate. Feels like an NYA from Core devs. https://t.co/ACIqyvK12f

— Samson Mow (@Excellion) June 7, 2025

On the other hand, Jameson Lopp, founder of Casa, defended the letter, explaining:

Ahuh, the same but fundamentally different.

NYA was a group saying we have 82% hashpower and will activate a hard fork with 80% signaling.

Core Devs are a group saying we can't force anyone to run code they don't like, here is our thinking on relay policy & network health.

— Jameson Lopp (@lopp) June 7, 2025

Bitcoin Core developer Luke Dashjr criticized the transaction relay policy goals outlined in the statement, stating:

NACK

The goals of transaction relay listed are basically all wrong. Predicting what will be mined is a centralizing goal. Expecting spam to be mined is defeatism. Helping spam propagate is harmful.

This OPED contradicts itself, presenting out of band relay as both negative and…

— Luke Dashjr (@LukeDashjr) June 7, 2025

According to the statement, the Core devs believe it is better for Bitcoin node software to “aim for a realistic sense of what will be included in the next block, rather than intervening between consenting transaction creators and miners to discourage activity that is largely technically harmless.”

The developers identified the main goals of transaction relay as predicting which Bitcoin transactions will be mined, speeding up block propagation, and helping miners identify transactions that pay fees.

The statement concludes:

“While we recognize that this view isn’t held universally by all users and developers, it is our sincere belief that it is in the best interest of Bitcoin and its users, and we hope our users agree.”

Meanwhile, the share of nodes running the implementation created by developer Luke Dashjr, Bitcoin Knots, has surpassed the 10% threshold, according to data from Clark Moody Bitcoin.

The post Bitcoin Core: joint statement sparks debate within the community appeared first on Atlas21.

@ b1ddb4d7:471244e7

It’s 3 AM, and you’re staring at your phone screen, watching bitcoin’s price fluctuate by thousands of dollars in real-time. Your heart races as you see green candles shooting upward, and suddenly you’re questioning every financial decision you’ve ever made. Should you buy? Should you sell? Are you already too late to the party?

Welcome to the wild psychological rollercoaster that is bitcoin investing, where emotions often override logic, and where the ancient human drives of fear and greed play out on digital exchanges 24/7.

Community Driven by Emotion

Recent research reveals just how deeply psychology permeates the bitcoin ecosystem. According to a comprehensive 2024 survey by Kraken, 84% of digital currency holders have made investment decisions based on FOMO (Fear of Missing Out), while 81% admitted to making choices driven by FUD (Fear, Uncertainty, and Doubt). Perhaps most telling of all: 63% of holders acknowledged that emotional decisions have significantly damaged their portfolios.

With over 560 million digital currency users worldwide as of 2024, and bitcoin maintaining its position as the flagship digital asset, these psychological patterns affect hundreds of millions of investors globally. In the United States alone, approximately 36 million adults own bitcoin, making this psychological phenomenon a mainstream financial reality.

The FOMO Factor: When Missing Out Becomes an Obsession

FOMO in bitcoin isn’t just about missing a quick profit—it’s about missing what many believers see as a once-in-a-generation wealth transfer. The Kraken study found that 60% of bitcoin holders fear missing a significant price surge more than they fear missing a buying opportunity during dips. This reveals a fascinating bias: investors are more concerned with unrealized gains from assets they already own than with strategic accumulation during downturns.

This psychological quirk explains why bitcoin often experiences explosive rallies followed by sharp corrections. When FOMO kicks in, rational decision-making goes out the window. Investors chase green candles, buying at peaks instead of strategically accumulating during valleys. The irony? This behavior often ensures they miss the very opportunities they’re trying to catch.

Consider bitcoin’s journey past $100,000 in late 2024. As the price breached this psychological barrier, social media exploded with FOMO-driven content, creating a feedback loop where seeing others’ gains intensified the fear of being left behind. Yet historically, many of these late-stage buyers found themselves underwater when inevitable corrections followed.

The Fear and Greed Index

Bitcoin’s psychological state is so influential that it has its own emotional barometer: the Crypto Fear and Greed Index. This fascinating tool measures market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed), incorporating factors like volatility, trading volume, social media sentiment, market dominance, and Google search trends.

The index reveals a counterintuitive truth: the best buying opportunities often occur during periods of “Extreme Fear,” while “Extreme Greed” frequently signals market tops. Yet human psychology drives us to do the opposite—buying when everyone’s greedy and selling when fear dominates.

This emotional inversion creates what researchers call “behavioral arbitrage”—opportunities for those who can master their psychology to profit from others’ emotional mistakes. The index serves as a mirror, reflecting our collective psychological state and often predicting market movements with surprising accuracy.

The HODL Culture

Perhaps nowhere is bitcoin’s unique psychology more evident than in its “HODL” culture. What began as a misspelled “hold” has evolved into a sophisticated psychological framework that shapes market dynamics in ways traditional finance has never seen.

Research into Bitcoin’s HODL phenomenon reveals that volatility actually strengthens conviction rather than weakening it. Unlike traditional investors who might panic-sell during 30-50% corrections, bitcoin holders often view these drops as validation of their long-term thesis rather than reasons to exit.

This creates a unique market structure where the supply of available bitcoin for trading continuously shrinks. Long-term holders remove coins from circulation, creating artificial scarcity that amplifies price movements in both directions. It’s not just code that makes bitcoin scarce—it’s psychology.

The HODL mentality represents a form of collective resistance to short-term market dynamics. Holders refuse to participate in what they see as irrational price discovery, instead betting on long-term adoption and monetary debasement. This isn’t passive investing; it’s active rebellion against traditional financial thinking.

Social Media: The Amplifier of Emotions

The role of social media in bitcoin psychology cannot be overstated. The Kraken study found a strong correlation between social media usage and FOMO-driven decisions: 85% of investors who rely on social media for investment information reported that emotional decisions had negatively impacted their portfolios.

Platforms like Twitter (now X), Reddit, and Discord function as emotional echo chambers where bullish sentiment gets amplified during rallies and bearish fears spread like wildfire during corrections. Memes become market-moving forces, and influential personalities can trigger massive buying or selling waves with single tweets.

This creates a fascinating paradox: the democratization of financial information through social media empowers individual investors, but it also makes them more susceptible to emotional manipulation and herd mentality. The speed and scale of information flow intensify psychological responses, compressing emotional cycles that might have taken weeks in traditional markets into mere hours or minutes.

The Gender and Age Divide in Bitcoin Psychology

Fascinating demographic patterns emerge when examining bitcoin’s psychological landscape. The Kraken research revealed significant gender differences in emotional investing: 66% of male bitcoin holders frequently made FOMO-driven decisions, compared to only 42% of female holders. Similarly, 83% of men reported FUD-influenced decisions versus 75% of women.

Age also plays a crucial role. Investors aged 45-60 showed the most extreme psychological patterns: 78% felt they had missed bitcoin’s biggest gains, yet 75% remained optimistic about future opportunities. This suggests that FOMO and hope can coexist, creating a complex emotional state that drives continued participation despite feelings of regret.

These demographic differences highlight how personal psychology intersects with market dynamics. Understanding these patterns can help investors recognize their own biases and develop more rational strategies.

The Neuroscience of Bitcoin Volatility

Recent academic research reveals the neurological basis of bitcoin’s psychological appeal. Studies on digital currency trading psychology show that bitcoin’s extreme volatility triggers the same reward pathways associated with gambling, creating potentially addictive patterns of behavior.

The unpredictability of bitcoin’s price movements creates what psychologists call “intermittent reinforcement”—the most powerful form of behavioral conditioning. Like slot machines, bitcoin provides irregular rewards that keep investors engaged far longer than consistent returns would.

This neurological response explains why many bitcoin investors check prices obsessively. The survey found that 55% of digital asset holders check markets significantly more frequently than traditional markets, suggesting an almost compulsive relationship with price monitoring.

Breaking Free from Emotional Cycles

Understanding bitcoin’s psychology isn’t just academic—it’s practical. Successful bitcoin investors develop strategies to counteract their emotional biases:

Dollar-Cost Averaging (DCA) has emerged as the most popular emotion-neutral strategy, with 59% of U.S. digital currency users employing this approach. By making regular purchases regardless of price, DCA removes the emotional burden of timing the market.

Automated trading tools and scheduled purchases help investors stick to predetermined strategies without succumbing to FOMO or FUD. These tools essentially outsource emotional decision-making to algorithms, reducing the psychological burden of active trading.

Education and community engagement in healthy bitcoin communities can provide emotional anchoring during volatile periods. Understanding bitcoin’s long-term value proposition helps investors maintain perspective during short-term chaos.

Bitcoin investing isn’t just about understanding technology, economics, or market analysis—it’s about understanding yourself. The statistics are clear: emotional decision-making significantly damages portfolio performance, yet the vast majority of investors continue making emotion-driven choices.

The key insight? Bitcoin’s psychology isn’t a bug—it’s a feature. The emotional volatility that terrifies traditional investors creates opportunities for th

@ 8bad92c3:ca714aa5

Key Takeaways

Leon Wankum, a real estate expert turned Bitcoiner, presents a powerful argument that Bitcoin is emerging as the new “hurdle rate,” outpacing real estate as the preferred store of value in a shifting financial landscape. As the 18-year property cycle nears its end amid high interest rates and imbalanced markets, Bitcoin’s scarcity, performance, and optionality are prompting capital allocators to rethink traditional strategies. Institutions are beginning to reallocate cash flows and refinance properties into Bitcoin treasuries, while new yield-bearing Bitcoin instruments like Strike, Strife, and Stride offer compelling alternatives to bonds and property. Wankum envisions a gradual transition to a Bitcoin standard, facilitated by dual collateralization and designed to avoid economic disruption as Bitcoin steadily replaces legacy financial infrastructure.

Best Quotes

"Bitcoin is starting to become the new hurdle rate that all other financial products have to abide to."

“No asset—not even prime real estate—can compete with Bitcoin’s long-term performance and absolute scarcity.”

"You can refinance a property and allocate to Bitcoin without selling—this is how many are making the transition."

"Strategy (MicroStrategy) has enough Bitcoin to cover preferred stock dividends for over 200 years."

"20% of our property cash flow into Bitcoin outperformed the 80% left in fiat."

“Bitcoin is digital real estate—but better. Scarce, global, and doesn’t need maintenance or tax sheltering gimmicks.”

“If it’s just 1% of the real estate market, that’s $3 trillion. And that’s enough.”

"A smooth transition, not collapse, is the optimal path forward."

Conclusion

This episode explores how Bitcoin is overtaking real estate as the global store of value, with Leon Wankum offering a rational, experience-based framework for understanding this shift. While institutional inertia slows adoption, capital flows are beginning to reflect Bitcoin’s growing dominance, as new financial instruments and treasury strategies emerge. Leon advocates for a thoughtful, evolutionary transition to a Bitcoin standard—one that prioritizes stability, practical integration, and long-term value creation across the global economy.

Timestamps

0:00 - Intro
0:50 - Real Estate
12:36 - Bitcoin for real estate investors
17:44 - Bitkey
18:39 - MSTR products and opportunity cost
30:43 - Unchained
31:13 - Cash flow alternatives
37:40 - Strategy risks
44:41 - Smooth or chaotic transition
50:58 - Is this cycle different?
56:42 - Tradfi degeneracy
1:02:00 - Leon’s Book - Digital Real Estate

Transcript

(00:00) Other than real estate, there were little investments that performed better. Few were aware of the existence of Bitcoin. As people become more aware, they will likely also sell off their properties. Bitcoin as a near-perfect form of money is starting to become the new hurdle rate that all other financial products have to abide to.
(00:19) Instead of buying a regular bond issued by a nation state, you can actually buy a fixed income product issued by Strategy. This is a product that could potentially tap into the real estate market. If it's just 1%, that's 3 trillion. And that's enough. They are starting to weigh the opportunity cost of not putting money into Bitcoin.
(00:36) But very few are able to comprehend the necessity of quickly investing large part of the capital into Bitcoin. Every 18 years will have a correction on housing. We're bringing in a housing expert to talk about the real estate market and Bitcoin corporate adoption. in the crazy frenzy that's going on right now in public markets.
(01:04) Leon, welcome back to the show. Thanks for having me back. It was great seeing you even though it was briefly in Vegas last week. I caught you literally as I was running to the airport off the stage. Yeah. And uh look, I'm pull that back up because I think this is a good jumping off point. We'll start with like a personal story.
(01:24) I'm currently in the middle of a move right now, but decided to rent a house because I was looking at the prices for housing in the places I'm looking to buy and they were they were too high. Not only were they too high, we put a bid in on one house and it wound up going a million dollars over asking.
(01:44) And I think over here in the United States, this is a big topic of discussion right now, which is the real estate market feels a little toppy. Prices are still very high, very sticky. Rates are still very high. Uh, and that's one thing I'm trying to discern as somebody who would like to buy a house in the next few years, a forever house for my family, what is going on.
(02:08) And as we can see here, Red Red Fin reported earlier this week that 34% there are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this much. There are a total of $698 billion worth of homes for sale in the US, up 20.
(02:29) 3% from a year ago in the highest dollar amount ever. So, it seems like there's a ton of people who have rode the real estate market and they're being a bit stingy on pricing and we're waiting for a correction. Is that your take on this? Yeah, we definitely need to wait for price equilibrium to build because since 2008 really since we had low interest rates um prices were skyrocketing and now with a different interest rate environment.
(02:57) Um what I personally also feel is that people are not willing to sell their houses for a price that they believe is not what they could get because they still have the prices in mind that they were able to receive 2 three years ago and the buyers are not willing to pay prices that people want because interest rates are higher meaning the cost of capital and the cost of borrowing went up.
(03:21) So I think this is a healthy um and a healthy um development. We need a price equilibrium. We need um demand and supply prices to match. It's going to take a long time. I think it's also it also depends on interest rates. If Powell is going to um lower interest rates, which I don't think he will, even though that's something that the president would like him to do, but I don't think he will because it would cause inflation to go up again, especially in in goods and services and groceries.
(03:51) And um judging by that, I think interest rates will stay above 3% at least for the foreseeable future. Meaning I believe that real estate prices will come down a little bit till we meet that equilibrium. But something that's important to to remember which makes it a little bit odd that because as a Bitcoiner when you look at housing, I think you constantly think now it's going to crash, now it's going to crash.
(04:15) But the reason it's not really going to crash is as soon as new money is being introduced into your economy or as soon as interest rates are lowered that money is being funneled into real estate and also the existing system that is depending on real estate as collateral has an interest in propping prices up.
(04:34) So this can go on for another 10 or 20 years I think. I mean there could be there's definitely a correction that we can see right now and I personally wouldn't get into uh real estate development at this point if you'll ask me from the perspective what's the better investment of course that is Bitcoin but I just want to make a point that this can go can go on for longer than we think because housing is limited not as limited as Bitcoin but there's something called the 18-year property cycle and it says that every 18 years, we'll
(05:08) have a correction in housing. And the reason for that is if the money supply is expanded and that money goes into land, it's not going out of land because land is limited. It's similar to Bitcoin. But what happens is that after around 14 15 years, prices start to come down and then they find a new price equilibrium which is higher than when the cycle started.
(05:33) And we are at the end of this 18-year property cycle. and I had suggest that prices will fall until 2026 and then in 2026 if interest rates are lowered I think prices can find price equilibrium and then possibly move up in nominal value of course if you start now accounting for real estate and bitcoin it's a whole different story I know talked from the lens of a fiat um based system yeah that note on pal and the fed is interesting that it It's very obvious Trump's wanted him to lower rates since before he even got elected.
(06:09) But I was reading an article yesterday that made a lot of sense to me, which is he's not going to lower rates for multiple reasons. One of which you mentioned, which is it would it would reignite inflation, which nobody wants to see right now. And then number two, profit margins are going up because the productivity uh increases due to AI.
(06:32) I mean, and we're still at the early stages of that, um, where you have many of the big big tech, the MAG 7 beginning to lay off people because they're creating all these efficiencies via AI. So, we're able to increase productivity and profit margins and so there's no reason to to lower rates from that perspective, which agreed.
(06:58) Yeah, absolutely true. Yeah, which is uh you know it'll be it's crazy the confluence of events that are happening right now whether it's real estate market looking a little toppy at least temporarily the interest rate environment the progression of AI and the adoption uh by many large companies and small companies alike and then you have Bitcoin sitting over here sitting over $2 trillion establishing itself as a $2 trillion asset and it still seems a bit fringe where um where we are certainly as Bitcoiners, individuals

@ 9ca447d2:fbf5a36d

El Salvador – June 3, 2025 — The grassroots Bitcoin community of El Salvador is proud to announce the return of Bitcoin Week, taking place this November with five dynamic events celebrating Bitcoin adoption, education, and community-led innovation.

Join us for a week of inspiration, collaboration, and impact.

Bitcoin Week 2025 calendar

📍 November 12 – Bitcoin Education Celebration Gala: Kick off the week in style with a luxurious and intimate evening at a high-class dinner, celebrating “proof of work” and the achievements of the Bitcoin education movement.
Expect major plans for the year(s) ahead but also a reflection to past proof-of-work—and don’t miss out on the Great Grassroots Giveaway, included with every ticket.

📍 November 13 – Bitcoin Educators Unconference: Hosted for the third time in San Salvador at Cadejo Montaña, this sixth edition of the Educators Unconference embodies our commitment to provide a space for decentralized, community-led conversations.
Join educators and leaders shaping the global Bitcoin conversation!

📍 November 14–15 – Adopting Bitcoin: The Network Effect: Now in its fifth year, Adopting Bitcoin returns with a powerful focus on real-world Bitcoin usage across global communities.
This year’s theme—The Network Effect—explores how interconnected local initiatives can spark exponential growth in adoption.

📍 November 16 – Visit Bitcoin Beach, El Zonte: Make your way to Bitcoin Beach, the heart of El Salvador’s Bitcoin story. Enjoy a day of connection and discovery in this iconic beachside town. Full details coming soon.

📍 November 22–23 – Economía Bitcoin, Berlín: Head to the town of Berlín, El Salvador for the second edition of Economía Bitcoin, a powerful, small-scale conference and festival focused on circular economies and practical Bitcoin use.
Spend sats freely in town and see how local action drives global impact.

With five unique events across three regions in Bitcoin Country, this edition of Bitcoin Week is your chance to experience El Salvador’s Bitcoin journey up close. Whether you’re an educator, builder, Bitcoiner, or simply curious—you’re invited.

Join us this November. Be part of the movement.

@ 6c05c73e:c4356f17

Invista na Sua Saúde: O Melhor Retorno é uma Vida Plena

Esqueça dietas milagrosas, suplementos que prometem te tornar o próximo Apolo. E, programas de treino (tais como Crossfit) que dizem fazer a diferença entre escalar o Everest e se abaixar e pegar seu par de tênis.

Muitas pessoas falam em dinheiro, conexões e conhecimento. Mas, nada disso vai funcionar se sua saúde for uma porcaria. Imagina, estar no melhores anos da sua vida e não ter forças para aproveitar nada. Então, pare de ser teimoso e coloque sua saúde no patamar de importância que ela merece!

Tudo o que você precisa é de paciência, ritmo e disciplina. Portanto, nesse artigo. Vou te apresentar como eu invisto na minha saúde e você pode entender se algo do que eu escrever aqui vale a pena para você aplicar na sua vida e obter resultados semelhantes.

Mas, antes de tudo…

Disclaimer

Nada do que eu escrever aqui deve ser levado como regra. Você deve consultar seu médico e nutricionista para entender quais as melhores ações para serem tomadas com base no seu biotipo e necessidade físicas.

Desenvolva seu corpo, seu templo

Se alimente como Sapiens:

Primeiro de tudo, alimentar se de forma correta é a chave. Se você prestar bastante atenção nos alimentos que ingere e nas coisas que bebe. Seu corpo vai te agradecer enormemente. Ele te presenteia com saúde, disposição, força e energia.

Se colocar combustível "ruim", seu corpo vai detectar e vai reclamar… Não tem que seguir essas dietas malucas que a galera prega na internet. Uma dose de bom senso combinado a uma dose de disciplina vão te tornar um velhinho(a) que todos vão admirar no futuro.

Eu já fiz dietas em que comia até 7x ao dia, tomava 3-4 suplementos por dia e no fim de tudo. Entendi uma coisa. Quanto mais natural nossa dieta, melhor. Legumes, frutas, verduras, carne (com moderação), sementes e grãos. Vão fazer seu corpo te pagar os melhores dividendos possíveis em saúde.

Busque o Olimpo, quem sabe acerta as olimpíadas

Se você como eu, é um entusiasta de esportes. Vai saber bem o que quero ilustrar aqui. Em 2015, após um término de relacionamento. Eu me sentia tão sufocado, que eu queria gritar e extravasar o que estava em mim. Peguei um par de tênis e decidi sair para fazer uma caminhada, fiz outra no outro dia, de repente comecei a “trotar” e duas semanas depois eu estava correndo 5 km.

Passados alguns meses, eu tinha me inscrito em uma primeira corrida "só para ver como era". Depois outra e outra. E, assim fui… Mas, eu tinha três ingredientes:

• O foco (correr)
• O combustível (eliminar aquela dor e tensão)
• O lugar (a rua)

E, depois que aprendi isso galera. Eu juro, que destravei muita coisa. Eu participei de campeonatos de levantamento de peso, de xadrez e mais um bocado. Minha meta nunca foi ser uma atleta profissional e viver disso. Mas, eu via mais como um hobbie que me pagava muito bem

Endorfina é boa demais

Então pensa assim:

1. Sem grana? Calce os tênis e vá correr. Tem praças perto da sua casa com equipamentos.
2. Sem ânimo? Arruma alguém para te acompanhar nos primeiro 60 dias. Depois vira hábito.
3. Vida corrida? Vamos definir que 3x por semana é uma lei!

O que não vale é não fazer NADA. Temos muita comodidade e temos que usar isso para o bem. Senão, “seremos velhos de 30 anos”.

Aqui, vale tudo com excecao de duas coisas: Ficar parado e complicar demais as coisas.

Saúde Mental

Aqui é onde separamos os maduros dos nãos. Eu tive que entrar em colapso para entender que cuidar na minha mente era importante.

Por mais que eu tenha lido livros, me preparado de várias formas e tenha sido resiliente. Ninguém, absolutamente ninguém está pronto para lidar com a quantidade de coisas que acontece na nossa vida.

Um terapeuta é fundamental!

Galera, eu faço terapia há 5 anos e foi um salto quântico na minha vida. Quando você passa a conhecer a si mesmo e entender sobre você. Você se torna imbatível! Mas, é um processo lento e doloroso. Você vai visitar cantos e memórias que não são confortáveis. Mas, isso vai te fazer crescer muito além do que jamais imaginou.

Todos nós somos tomados por stress e ansiedade. Ainda mais em um mundo como o de hoje, aonde a informação viaja rápido demais. Você consegue ver conteúdo do fim do mundo, fome e corrupção com alguns cliques de distância.

Vai por mim: -Terapia é o dinheiro mais barato que faço como investimento na vida!

Sua vida vai ser outra. Juro. Comece fazendo uma vez por mês e vá aumentando a medida que achar necessário e puder pagar. O ideal vai variar de acordo com seu momento necessidade. Tem que caber no orçamento também. Senão, vai aliviar uma dor e trazer outra.

Sono de Qualidade:

Eu dormi em cama ruim nos últimos 3 anos da minha vida. E, nesse ano eu investi em uma cama e um travesseiro de qualidade. E, faz totalllllll diferença na vida. O sono ruim, nos deixa stressado e cansados para o resto do dia.

Portanto, te convido a refletir sobre seus equipamentos de descanso. Porque? De nada vai adiantar você: Fazer exercícios, cuidar da alimentação e da sua mente. Se, seu sono estiver quebrado!

Você vai continuar stressado e cansado demais reclamando. Quando fizer um check up sobre isso vai entender na hora o que estou falando e sobre os dois próximos que quero abordar:

• Higiene do sono
• Horário de deitar

Higiene do sono = Deixar tudo o que é eletrônico na sala e parar de mexer neles pelo menos uma hora antes. Deita e vai conversar com seu parceiro(a), leia um livro ou anote coisas em um papel. Vai fazer muita diferença na sua vida.

Horário de deitar = Também faz muita diferença. Se precisa acordar ás 07 da manhã. O ideal é estar na cama 10 horas antes. Ou seja, ás 22:00 já junta tudo e vai pro seu quarto sem distrações. Muita gente dorme e não descansa porque vai se deitar muito tarde e não consegue o sono REM.

Sono regular vai terminar de fechar o ciclo e você vai se tornar mais disposto e com força para fazer o que é necessário. Hoje, em dia para conseguir o que almeja. Não basta somente a mente e o dinheiro. Vai precisar do seu corpo em funcionamento total.

Check-ups e Prevenção

Para concluirmos aqui, é vital fazer exame regularmentes. Não sou médico, mas você deve visitar o seu e agendar bateria de exames periodicamente. E, entender como seu corpo está. Sempre e em qualquer ocasião busque acompanhamento médico antes, durante e pós qualquer atividade esportiva em que se propor.

Apesar de não usar, sou a favor de relógios e aparelhos que possam te ajudar a medir de alguma forma seu progresso e monitorar sua saúde. Toda vez que alguém falar contigo: -Para que vai comprar isso, é caro e é bobagem! Vai lá e compra!

Se a compra, te dar mais vontade de treinar e te ajudar a chegar mais próximo do seu objetivo. Então, eu não vejo como gasto. Vejo como investimento!

Tudo o que puder investir para aumentar e melhorar sua saúde. É uma boa jogada e ignore os críticos. No fundo, eles querem ser como você. Mas, tem muito medo e não conseguem dar o primeiro passo.

Concluindo tudo

Não é café com seu pai, mas uma convesa descontraída de uma pessoa que tentou (e sofreu) várias coisas até chegar em um bom equilíbrio. Fico orgulhoso de poder compartilhar minhas experiências com vocês e se você chegou até aqui. Me sinto honrado em ter sua atenção por tanto tempo. Te agradeço pela sua atenção e convido a compartilhar esse post com quem precisa. Até a próxima.

@ 6c05c73e:c4356f17

Descrição da empresa

A Itaúsa S.A. é uma das maiores holdings de investimentos do Brasil, com um portfólio diversificado que abrange setores estratégicos da economia. Com sede em São Paulo, a companhia é mais conhecida por ser a principal acionista do Itaú Unibanco, a maior instituição financeira privada da América Latina.

Fundada em 1966, a Itaúsa consolidou-se como um veículo de investimento de longo prazo, buscando a criação de valor para seus acionistas através da gestão ativa de suas empresas investidas. Além de sua posição dominante no setor financeiro com o Itaú Unibanco, a holding possui participações relevantes em empresas líderes de outros segmentos.

cotacao itausa

Visão geral da empresa

A Itaúsa S.A. é uma das mais importantes holdings de investimento do Brasil, com uma trajetória de mais de 45 anos marcada pela gestão de um portfólio diversificado e de grande relevância para a economia nacional.

Com um modelo de negócio focado na criação de valor a longo prazo, a companhia se destaca por sua sólida governança corporativa e por uma estratégia de alocação de capital em empresas líderes de setores estratégicos.

Modelo de Negócio e Estratégia:

O core business da Itaúsa é atuar como uma holding "pura", ou seja, seu principal objetivo é a gestão de suas participações acionárias. A companhia busca centralizar as decisões financeiras e estratégicas das empresas que controla ou nas quais possui influência significativa. Sua filosofia de investimento pauta-se pela busca de empresas com:

• Geração de caixa consistente: Foco em negócios maduros e com histórico de rentabilidade.
• Marcas consolidadas e liderança de mercado: Investimento em empresas que são referência em seus respectivos segmentos.
• Potencial de crescimento e geração de valor a longo prazo: Visão estratégica para o desenvolvimento sustentável das investidas.
• Sólida governança corporativa: Comprometimento com a transparência, ética e as melhores práticas de gestão.

Mercado que atua

Como holding, a empresa não atua em um mercado específico. Em vez disso, sua presença se dá de forma indireta através da participação acionária em grandes empresas que são líderes em seus respectivos setores.

Portanto os principais mercados que a empresa atua, são:

1. Setor financeiro (ITUB4)
2. Bens de consumo (ALPA4)
3. Materiais de construção civil e acabamentos (DXCO3)
4. Energia (Copaenergia)
5. Saneamento (Aegea)
6. Infraestrutura e mobilidade urbana (NTS)

Oportunidades que o ativo traz

Estudando melhor a empresa e após lermos o relatório do primeiro trismestre. Entendemos que há dois pontos chaves que vão na nossa visão tornar o ativo bem interessante.

Ponto 1 - Redução da divída líquida

Esse ponto é bem óbvio e fica evidente aqui no gráfico abaixo. Com menos débito para pagar sobre mais dinheiro. Dinheiro esse que pode ser reinvestido em novas aquisições e/ou aumentar participação em outros negócios.

noticias de jcp

Ponto 2 - Reforma tributária aprovada em Janeiro 2025

fundamentos itausa

"O nosso valor de mercado em 31.03.2025, com base no valor da ação mais líquida (ITSA4), era de R$ 102,5 bilhões, enquanto a soma das participações nas empresas investidas a valor de mercado totalizava R$ 135,2 bilhões, resultando em um desconto de holding de 24,2%.

Parte do nosso desconto é explicada por despesas operacionais, financeiras, tributárias (como PIS/COFINS sobre JCP), entre outros fatores. Contudo, a reforma tributária aprovada em janeiro de 2025 eliminará a incidência de tributação sobre o JCP recebido a partir de janeiro de 2027, o que extinguirá essa ineficiência fiscal.

Além disso, empresas como Aegea e Copa Energia estão avaliadas por seus valores contábeis, havendo um descolamento importante em relação ao seu valor justo atual.

Nesse contexto, acreditamos que o atual nível de desconto é maior do que o considerado justo e que o crescimento do desconto no período analisado não reflete adequadamente os fundamentos da nossa estratégia de alocação eficiente de capital e a qualidade e desempenho do nosso portfólio.."

Em outras palavras, a empresa está precificada bema baixo do seu valor patrimonial real. O que entendemos ser um ponto chave para a empresa.

Riscos

Aqui, temos muito pouco a comentar. Pois a empresa está fomentada sobre uma base sólida.

Contudo, a empresa é familiar, com muitos micro sócios pendurados e a maior parte das ações já tomadas.

Catalisadores

• Taxas de juros seguem altas até 2027. Lembrando que ano que vem temos eleições presidenciais.
• Taxas de desemprego devem corroborar em 7% no próximo ano, o que faz uma corrida ao crédito. Aonde o Itaú entra e ganha juros sobre quem toma crédito.
• Estabilidade das empresas que tem sociedade.
• Boa diversificação de portfólio de investimentos.
• Eliminação da incidência de impostos sobre o JCP recebido apartir de janeiro de 2027.

Faq

Quanto rende 1.000 reais em ITSA4?

Considerando um aporte mensal de R$ 1.000 na Itaúsa (ITSA4) ao longo de 30 anos, e assumindo um retorno médio anual de 9% (incluindo valorização das ações e reinvestimento dos dividendos), o investidor poderá acumular aproximadamente R$ 1.702.113 ao final do período

Qual é o preço justo da ação ITSA4?

O preço justo da ação ITSA4 é um assunto complexo, sem uma resposta única e definitiva. Analistas e investidores utilizam diferentes métodos e critérios para determinar um preço justo, e as estimativas podem variar consideravelmente.

Quando o ITSA4 paga dividendos em 2025?

Forma de pagamento: (i) à vista, em dinheiro, no ato de subscrição; ou (ii) mediante compensação de crédito relativo ao dividendo que será pago em 22 de abril de 2025.

Bio

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

Disclaimer

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

Referencia

https://api.mziq.com/mzfilemanager/v2/d/afd9200b-9b01-4d1c-bdd9-9b2c1e9b3b4d/5917b593-ac70-0e17-99ec-c1c14cc9ac66?origin=1

https://www.fundamentus.com.br/detalhes.php?papel=ITSA4&h=1

https://tradingeconomics.com/brazil/indicators

@ b1ddb4d7:471244e7

Paris, France – June 6, 2025 – Flash, the easiest Bitcoin payment gateway for businesses, just announced a new partnership with the Bitcoin Only Brewery, marking the first-ever beverage company to leverage Flash for seamless Bitcoin payments. 

Bitcoin Buys Beer Thanks to Flash!

As Co-Founder of Flash, it's not every day we get to toast to a truly refreshing milestone.

Okay, jokes aside.

We're super buzzed to see our friends at @Drink_B0B
Bitcoin Only Brewery using Flash to power their online sales!

The first… pic.twitter.com/G7TWhy50pX

— Pierre Corbin (@CierrePorbin) June 3, 2025

Flash enables Bitcoin Only Brewery to offer its “BOB” beer with, no-KYC (Know Your Customer) delivery across Europe, priced at 19,500 sats (~$18) for the 4-pack – shipping included.

The cans feature colorful Bitcoin artwork while the contents promise a hazy pale ale: “Each 33cl can contains a smooth, creamy mouthfeel, hazy appearance and refreshing Pale Ale at 5% ABV,” reads the product description.

Pierre Corbin, Co-Founder of Flash, commented: “Currently, bitcoin is used more as a store of value but usage for payments is picking up. Thanks to new innovation on Lightning, bitcoin is ready to go mainstream for e-commerce sales.”

Flash, launched its 2.0 version in March 2025 with the goal to provide the easiest Bitcoin payment gateway for businesses worldwide. The platform is non-custodial and can enable both digital and physical shops to accept Bitcoin by connecting their own wallets to Flash.

By leveraging the scalability of the Lightning Network, Flash ensures instant, low-cost transactions, addressing on-chain Bitcoin bottlenecks like high fees and long wait times.

Bitcoin payment usage is growing thanks to Lightning

In May, fast-food chain Steak ‘N Shake went viral for integrating bitcoin at their restaurants around the world. In the same month, the bitcoin2025 conference in Las Vegas set a new world record with 4,000 Lightning payments in one day.

According to a report by River Intelligence, public Lightning payment volume surged by 266% from August 2023 to August 2024. This growth is also reflected in the overall accessibility of lighting infrastructure for consumers. According to Lightning Service Provider Breez, over 650 Million users now have access to the Lightning Network through apps like CashApp, Kraken or Strike.

Bitcoin Only Brewery’s adoption of Flash reflects the growing trend of businesses integrating Bitcoin payments to cater to a global, privacy-conscious customer base. By offering no-KYC delivery across Europe, the brewery aligns with the ethos of decentralization and financial sovereignty, appealing to the increasing number of consumers and businesses embracing Bitcoin as a legitimate payment method.

“Flash is committed to driving innovation in the Bitcoin ecosystem,” Corbin added. “We’re building a future where businesses of all sizes can seamlessly integrate Bitcoin payments, unlocking new opportunities in the global market. It’s never been easier to start selling in bitcoin and we invite retailers globally to join us in this revolution.”

For businesses interested in adopting Bitcoin payments, Flash offers a straightforward onboarding process, low fees, and robust support for both digital and physical goods. To learn more, visit paywithflash.com.

About Flash

Flash is the easiest Bitcoin payment gateway for businesses to accept payments. Supporting both digital and physical enterprises, Flash leverages the Lightning Network to enable fast, low-cost Bitcoin transactions. Launched in its 2.0 version in March 2025, Flash is at the forefront of driving Bitcoin adoption in e-commerce.

About Bitcoin Only Brewery

Bitcoin Only Brewery (@Drink_B0B) is a pioneering beverage company dedicated to the Bitcoin ethos, offering high-quality beers payable exclusively in Bitcoin. With a commitment to personal privacy, the brewery delivers across Europe with no-KYC requirements.

Media Contact:

Pierre Corbin
Co-Founder, Flash
Email: press@paywithflash.com
Website: paywithflash.comPhotos paywithflash.com/about/press

How Flash Enables Interoperable, Self-Custodial Bitcoin Commerce

@ cae03c48:2a7d6671

Bitcoin Magazine

KULR Technology Joins Bitcoin for Corporations, Increases Holdings to 920 BTC

KULR Technology Group, Inc. (NYSE American: KULR), a Bitcoin First Company and global leader in sustainable energy management, announced that it has joined the Bitcoin for Corporations (BFC) initiative, an institutional platform by Strategy and Bitcoin Magazine to promote corporate Bitcoin adoption.

$KULR is proud to join the "@BitcoinforCorporations” initiative by @Strategy and @BitcoinMagazine, strengthening its Bitcoin First approach.
The company now holds 920 BTC, worth $91M, as part of its growing Bitcoin treasury strategy.https://t.co/TZ7tyw1Dsw pic.twitter.com/gK9vDlpkcQ

— KULR Technology (@KULRTech) June 9, 2025

The initiative is  made to support publicly traded companies in integrating Bitcoin into their corporate treasury strategies and balance sheets. Participating organizations gain access to institutional-grade tools, frameworks, and peer networks that support the responsible management and expansion of Bitcoin holdings. KULR’s role as an Executive Member of BFC aligns with its strategy to position Bitcoin as a long-term reserve asset.

“Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset,” CEO of KULR Michael Mo, commented. “As KULR continues to scale its Bitcoin treasury, we welcome the chance to align with other institutions pioneering this shift in corporate treasury management.”

KULR also has increased its Bitcoin treasury by $13 million, bringing total holdings to 920 BTC, at an average acquisition price of $98,760 per bitcoin. The company’s total Bitcoin investment now stands at $91 million. The latest purchase was made at an average price of $107,861 per bitcoin. Year to date, KULR has delivered a 260% return on its Bitcoin holdings. They use a strategic mix of cash reserves and its At-The-Market (ATM) equity program to fund their acquisitions.

JUST IN: Publicly traded KULR buys an additional 118.6 #Bitcoin for $13 million. pic.twitter.com/PJ29hsOk22

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

On July 25, 2024, at the 2024 Bitcoin Conference, Strategy and Bitcoin Magazine announced the launch of Bitcoin for Corporations, a new initiative designed to help companies integrate Bitcoin into their treasury strategies. The program provides corporate leaders with educational resources, practical tools, and access to a network of peers and experts. It includes a co-branded web platform offering specialized content, newsletters, and success stories, as well as VIP access to events.

“The ‘Bitcoin for Corporations’ initiative is a significant step towards accelerating corporate Bitcoin adoption,” added Co-founder and former CEO of Strategy Michael Saylor. “By combining our expertise, resources and reach, along with Bitcoin Magazine we aim to create a robust platform that educates and supports corporations in implementing Bitcoin strategies.”

This post KULR Technology Joins Bitcoin for Corporations, Increases Holdings to 920 BTC first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 502ab02a:a2860397

ถ้าเฮียบอกว่า “นมข้นหวานคืออาหารของสงคราม” หลายคนอาจขมวดคิ้ว ว่าอาหารหวานมันเกี่ยวอะไรกับดินปืน กระสุน และการยิงปะทะกันกลางสนามรบ แต่ถ้าย้อนเวลากลับไปช่วงปลายศตวรรษที่ 19 ถึงต้นศตวรรษที่ 20 เราจะเห็นชัดว่า ไม่ใช่แค่ปืนที่รัฐทุ่มเทวิจัย แต่รวมไปถึง “อาหารเก็บได้นาน ส่งถึงปากทหารโดยไม่เน่า” ซึ่งเป็นหัวใจของความอยู่รอดในสนามรบ และหนึ่งในของวิเศษนั้นก็คือ “นมข้นหวาน” ที่ภายหลังจะกลายเป็นตัวแปรสำคัญในวิถีอาหารของคนทั่วโลก รวมถึงในแก้วชาเย็นของคนไทยเรานี่แหละ

จุดเริ่มต้นของนมข้นหวานต้องย้อนไปก่อนสงครามกลางเมืองอเมริกาเล็กน้อย ราวปี 1856 ชายชื่อ Gail Borden คิดค้นวิธีการทำให้นมสดไม่บูดง่าย ด้วยการเอานมไปต้มหรือระเหยน้ำออก (evaporation) แล้วเติมน้ำตาลเข้าไปเพื่อยืดอายุการเก็บรักษา สูตรนี้ทำให้เขาตั้งบริษัท Borden Condensed Milk Company ขึ้นในปี 1857 และทันทีที่สงครามกลางเมืองอเมริกาเริ่มในปี 1861 รัฐบาลสหรัฐก็หันมาซื้อ “นมข้นหวาน” จำนวนมากเพราะมันเก็บได้นาน ไม่เสียง่ายเหมือนนมสด และพกพาง่ายกว่า

ปรากฏว่าทหารที่ไปรบกลับมาติดใจ เพราะไม่เคยได้กินอะไรหวานมันกลมกล่อมขนาดนั้นมาก่อน พอสงครามจบ ตลาดคนทั่วไปก็เริ่มรับรู้และนิยมบริโภคของชนิดนี้มากขึ้นเรื่อย ๆ แถมยังใช้ในเด็กด้วย เพราะช่วงนั้นมีความเชื่อว่านมข้นหวานคือ “นมสำหรับเด็ก” ที่ปลอดภัยกว่าเพราะผ่านการฆ่าเชื้อแล้ว แม้จะขาดสารอาหารสำคัญหลายตัวก็ตามทีเรื่องนี้จริงนะครับ รัฐบางแห่ง เช่น สหรัฐฯ และฝรั่งเศส มีเอกสารแนะนำให้ใช้นมข้นแทนนมแม่หากไม่สามารถให้นมเองได้ โดยอ้างความปลอดภัยจากการฆ่าเชื้อ แม้ในช่วงศตวรรษที่ 19 มีเด็กทารกเสียชีวิตเพราะพ่อแม่ใช้นมข้นหวาน จนทำให้หลายประเทศต้องออกคำเตือนภายหลัง

พอเข้าสู่ช่วงสงครามโลกครั้งที่ 1 (1914–1918) นมข้นหวานก็กลับมาเป็นฮีโร่อีกครั้ง คราวนี้รัฐบาลสหรัฐจัดเต็ม สั่งผลิตเพื่อส่งไปแนวหน้าให้ทหารพันธมิตรในยุโรป จนทำให้ supply ไม่พอกับ demand และบริษัทใหญ่ ๆ เช่น Nestlé และ Borden เริ่มขยายฐานการผลิตในระดับอุตสาหกรรม จนกลายเป็นเจ้าตลาด และนี่เองคือช่วงเวลาที่ “นมข้นหวานกลายเป็นสินค้าระดับโลก” แบบไม่ตั้งใจ

ในช่วง Great Depression (1929 เป็นต้นไป) นมข้นหวานกลายเป็น อาหารราคาถูก ที่ “แทน” อาหารสดในครัวคนจนได้ เพราะไม่ต้องแช่เย็น และให้พลังงานสูง ซึ่งส่งผลให้มันเจาะตลาดแม้ในช่วงเศรษฐกิจตกต่ำ เป็นช่วงทองของการขยายฐานการตลาดของนมข้นหวาน ขอบคุณสงครามที่ป้อนผู้บริโภคให้ฟรี ๆ มานานหลายปี มันเริ่มเข้าครัวคนทั่วไปและกลายเป็นวัตถุดิบในเมนูประจำวัน ไม่ว่าจะใส่กาแฟ โปะขนมปัง หรือใส่ขนมหวาน ซึ่งประเทศที่อยู่ในอาณานิคมตะวันตกก็รับวัฒนธรรมนี้ไปโดยปริยาย ไทยเองก็ไม่รอด และเริ่มมีเมนูอย่างชาเย็น กาแฟเย็น ที่ต้องใช้นมข้นหวานเป็นหลัก เพราะมันทั้งหอม มัน หวาน และสำคัญสุดคือ “เก็บได้นาน” ในยุคที่ตู้เย็นยังไม่แพร่หลาย

แต่อย่าเพิ่งนึกว่าเรื่องนี้จะจบแค่นี้ เพราะพอสงครามโลกครั้งที่ 2 มาถึงในปี 1939 สหรัฐฯ ก็กลับมาใช้สูตรเดิมอีกครั้ง คราวนี้ไม่ใช่แค่นมข้นหวานที่ถูกอัดใส่ลังขึ้นเรือไปแนวหน้า แต่รวมถึงสินค้าประหลาดหน้าใหม่ที่ถูก “แปรรูปเพื่อความอยู่รอด” ทั้งหมดซึ่งเดี๋ยวจะทะยอยเล่าให้อีกครั้ง เพราะทั้งหมดนี้คือสิ่งที่รัฐร่วมมือกับบริษัทใหญ่ผลิตเพื่อ “ให้ทหารอิ่มรอด” แต่เมื่อสงครามจบ สินค้าเหล่านี้ไม่หายไปไหน ตรงกันข้าม พวกมันถูก “ประชาสัมพันธ์ว่าเป็นของดีต่อสุขภาพ” มีการเอาผลวิจัยรองรับ (บางอันเป็นของรัฐเองด้วยซ้ำ) และกระตุ้นให้คนเชื่อว่า “นี่คืออาหารสมัยใหม่ของโลกที่ก้าวหน้า” เพราะมันถูกตั้งการผลิตมาในระดับมโหฬารไปเรียบร้อยแล้ว เมื่อมันเริ่มแล้วมันก็ย่อมทำลายทิ้งไม่ได้ นอกจากครอบงำให้ประชากรบริโภคสิ่งเหล่านี้เข้าไปตลอดกาล อย่าลืมว่า บริษัทยักษ์ใหญ่เหล่านี้ไม่มีทางยอมให้สินค้าตายไปจากตลาดแน่นอน

นมข้นหวานก็เช่นกัน มีการจัดโฆษณาผ่านสื่อสิ่งพิมพ์ว่านมสดไม่สะอาดเท่า นมข้นหวานสะอาดกว่าเพราะฆ่าเชื้อแล้ว บางโฆษณาแถมการ์ตูนเด็กชายหญิงหน้าน่ารักพร้อมประโยคว่า “เด็กทุกคนต้องเติบโตด้วยนมข้นหวาน” ซึ่งแน่นอนว่า “หวาน” นั้นแปลว่ามีน้ำตาลระดับสูงจนอาจเทียบเท่าน้ำเชื่อมข้น ๆ ได้

เมื่อคนเริ่มติดรสชาติและบริษัทมีโครงสร้างอุตสาหกรรมรองรับแล้ว ก็ไม่แปลกที่มันจะกลายเป็นส่วนหนึ่งของชีวิตประจำวันของคนทั่วโลก และพอรัฐไม่เตือน แถมยังสนับสนุนเป็นนัย ๆ นานวันเข้าเราก็เลิกตั้งคำถามกันไปเองว่า “แล้วเรากินมันทำไมกันนะ?”

ปัจจุบัน เราอาจรู้ว่านมข้นหวานคือของหวานจัด มีน้ำตาลราว 45–55% ต่อปริมาตร ไม่ใช่แค่ “หวานนิด ๆ” แต่คือ “หวานระดับฆ่าเชื้อได้เลย” และไม่ได้มีสารอาหารเทียบเท่านมจริง ๆ แต่มันกลับยังฝังแน่นในหลายวัฒนธรรมอาหารอย่างแนบเนียน เพราะรากของมันไม่ใช่แค่ในครัว แต่อยู่ในสนามรบ อยู่ในคำสั่งของรัฐ และอยู่ในภาพจำของความหอมหวานที่ไม่มีอะไรมาแทนได้

และนั่นแหละเฮียว่า คือจุดเริ่มต้นของการเปลี่ยน “อาหารเพื่ออยู่รอด” ให้กลายเป็น “อาหารครองโลก” และมันกลายเป็นบรรพบุรุษของแนวคิด “Ultra-Processed Food” ในยุคอุตสาหกรรมอาหารหลังสงคราม โดยไม่ต้องยิงปืนสักนัดเดียว หลายคนอาจจะมองว่า เห้ยทุกวันนี้เราก็รู้แล้วนี่นาว่ามันไม่ได้ดีต่อสุขภาพ ใช่ครับ กว่าเราจะรู้ เขาก็มีแผนใหม่มาครอบงำเราไปเรียบร้อยแล้ว เหมือนกับที่พยายามเล่าให้ทราบใน ep ที่ผ่านๆมานี่ไง สัปดาห์นี้เรากำลังคุยเรื่องอดีต ซึ่งในยุคนั้นประชากรเชื่อจริงๆว่า นมข้นหวาน มันคือของดี งดงามกว่านมสดง่อยๆที่แป๊บเดียวก็เสีย บูด เน่า ลองเอาภาพร่างนี้มาทาบกับปัจจุบันและอนาคตครับ

#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ eb0157af:77ab6c55

A new step for the American bank in the digital asset space: Bitcoin ETFs cleared for use as collateral for financing.

JPMorgan Chase will allow clients to use spot Bitcoin ETFs as collateral to obtain loans. According to sources close to the project, cited by Bloomberg, the initiative will launch in the coming weeks and will involve trading and wealth management clients on a global scale.

The bank has decided to begin this new phase starting with crypto ETFs, beginning with the BlackRock iShares Bitcoin Trust (IBIT), which has already surpassed $70 billion in assets under management (AUM). The decision is part of a broader strategy aimed at enabling selected clients to access financing by using cryptocurrency-related assets as collateral. Before this change, JPMorgan only accepted crypto ETFs as loan collateral under specific conditions.

The American bank’s new approach will see Bitcoin ETFs treated like other traditional assets when calculating a client’s borrowing capacity. Just as is currently the case with stocks, cars, or works of art, crypto ETFs will become an integral part of standard wealth evaluations.

Although CEO Jamie Dimon has historically been known for his skeptical stance on Bitcoin, the bank announced last month that it would soon allow clients to purchase spot ETFs on the leading cryptocurrency — although without offering custody services.

The new rules will apply to all of JPMorgan’s wealth management clients worldwide, from retail customers to high-net-worth individuals. The bank will also integrate crypto holdings into the net worth assessments of clients managed by its wealth management division.

The post JPMorgan Chase: Bitcoin ETFs accepted as loan collateral appeared first on Atlas21.

@ 9ca447d2:fbf5a36d

Ten years in Bitcoin can feel like an eternity. Just ask Sergej Kotliar, Founder and CEO of Bitrefill, who recently celebrated a decade of turning Bitcoin into something you can actually use in your everyday life.

“We started Bitrefill back in 2014,” Sergej reflects, thinking back to the early excitement around Bitcoin.

“The promise of internet money as a workaround to how cumbersome money was online motivated me. Imagine sending money as easily as sending an email. That’s still the vision driving us today.”

Bitrefill has evolved from a straightforward gift card provider into a full-fledged e-commerce powerhouse, allowing Bitcoiners to buy gift cards, eSIMs, mobile top-ups, and even prepaid debit cards.

From Netflix binges and Uber rides to topping up your phone in the middle of nowhere, Bitrefill supports more than 10,000 brands and over 900 phone carriers in more than 170 countries.

check out all the products and services at www.bitrefill.com

One challenge Sergej has navigated successfully is steering clear of hype-driven pitfalls. “We’ve always been a little bit better at building actual usage than at building hype,” he explains.

Instead of chasing every altcoin trend or speculative frenzy, Bitrefill has focused on the real-world, day-to-day use of bitcoin.

“The biggest challenge has always been finding the actual users of Bitcoin, not investors, but the ones who really want to use bitcoin in their everyday lives,” he emphasizes.

Bitrefill, he says proudly, has become the starting point for many users looking to spend bitcoin seamlessly.

“I think that people that use bitcoin transactionally and are looking to buy something with their coins. Very often, their customer journey starts with Bitrefill.”

Sergej isn’t shy about critiquing popular Bitcoin memes either. One particularly notable example is the “two S-curves” chart suggesting bitcoin first serves as a store of value, then as a medium of exchange.

“It’s maybe my least favorite chart,” Sergej laughs.

Bitcoin adoption curves — Source

While the chart lacks empirical data, notably missing any values on the y-axis, it does visualize a conceptual framework that many in the Bitcoin community find compelling.

The illustration suggests a natural progression where Bitcoin’s adoption follows two sequential S-curves:

first establishing itself as a store of value (the yellow curve peaking around 2029), followed by widespread adoption as a medium of exchange (the green curve peaking around 2037).

Despite its speculative nature, some argue this visualization effectively communicates the potential evolutionary path that many Bitcoiners envision, even if it wasn’t created with rigorous technical analysis.

What makes the Bitcoin ecosystem truly remarkable though is that builders like Sergej and his team at Bitrefill aren’t waiting for theoretical adoption curves to play out. They’re actively accelerating them.

By creating practical solutions for everyday Bitcoin transactions now, Bitrefill is working towards pulling that “medium of exchange” S-curve forward.

They aim to demonstrate that Bitcoin’s utility doesn’t have to follow a delayed timeline where store of value comes first.

Indeed, Sergej sees a more nuanced reality: Bitcoin serves different purposes for different people, simultaneously.

“There’s different people that use bitcoin for different things, and some want to invest in it and some use it as a tool,” Sergej clarifies.

“You can’t say that one of them is better than the other… it just is. Different people will use the same thing and they engage in the same market with different purposes.”

The Bitrefill philosophy is simple: practicality over hype. “Selling bitcoin to people is clearly a much bigger business than letting people shop with bitcoin,” Sergej acknowledges candidly.

Yet Bitrefill stands proudly as a market leader by volume for transactional bitcoin use. When YouTube travelers share their global adventures “living on bitcoin,” it’s Bitrefill powering most of those purchases. He notes with pride:

“If you watch these YouTubers ‘I spent a month traveling the world living on Bitcoin,’ there’s been quite a few of those… around 50 to 80 [percent], that a good chunk of their bitcoin usage ends up being with Bitrefill.”

And Bitrefill is not done innovating. Recently, they introduced the Bitrefill reloadable Visa card in Europe, designed for ease of use. Sergej explains:

“It’s a regulated product, you need to have an account and go through KYC and all of that, but once you have it, it’s a very simple straightforward no bulls*** method.

“you send in your bitcoin, Lightning works, and then you can just go and blip and pay, and then you don’t have to think about anything.”

Bitrefill offers reloadable Visa cards

To promote it, they’ve even been hiring people specifically to travel around Europe spending bitcoin and documenting the journey.

“We put up these ads and we hire someone and then we record them having the best day of their life spending money,” he says.

While acknowledging it’s partly a marketing stunt, he adds, “Paying some of our customers instead to spend the day having a blast and then record it and make content is a better choice than traditional advertising.”

Bitrefill on X

But Sergej has his eyes firmly on an even more futuristic horizon: a world where robots pay each other seamlessly.

“We’ve built an online monetary system that discriminates against bots because they’re usually associated with fraud,” Sergej notes.

“But soon, we’ll rely on AI to shop automatically for us. Having a fraud-free online payment method like Bitcoin could revolutionize how robotic agents transact.”

“In a world where everybody has a bunch of agents being robotic secretaries and so on, and given the fact that online commerce is currently designed specifically to keep out robots… I think there’s a big opportunity there,” he explains.

“Having an online payment method that is fraud-free should in theory be very useful for a world in which shopping happens automatically, for example, or how a robot will pay other robots.”

The intersection of how AI will leverage Bitcoin is a fascinating rabbit hole and discussion that is playing out in real time.

Sergej recommends Daniel Suarez’s novel “Daemon” for those intrigued by the potential (and risks) of AI-driven transactions.

“There’s tremendous opportunity here,” he teases, “and it’s definitely something we’re actively exploring at Bitrefill.”

Asked what he’d ask Satoshi Nakamoto if given the chance, Sergej pauses briefly. “I would ask him to tell me the story of how he left the space,” he finally answers.

Given Sergej’s decade-long journey with Bitrefill, his curiosity about Bitcoin’s creator’s departure feels particularly fitting.

Ten years is a long time in Bitcoin, but clearly, Sergej Kotliar and Bitrefill are just getting started.

@ cae03c48:2a7d6671

Bitcoin Magazine

The Blockchain Group Accelerates Bitcoin Treasury Strategy with €300M Raise

On June 9, 2025, The Blockchain Group (Euronext: ALTBG) announced a €300 million capital increase program in partnership with TOBAM—marking one of the largest flexible funding facilities in the European public markets dedicated to scaling a Bitcoin treasury.

The raise is structured as an “ATM-type” (At-The-Market) offering, allowing TOBAM to subscribe daily for ordinary shares at a price based on the higher of the previous day’s closing price or volume-weighted average price (VWAP). Each tranche is capped at 21% of the day’s trading volume. This provides a disciplined mechanism to increase capital over time without disrupting market dynamics.

TOBAM: A Strategic Long-Term Backer

TOBAM, a Paris-based asset manager, has been a strategic investor in The Blockchain Group since 2017. The firm was among the earliest institutional advocates of Bitcoin as a treasury asset and remains one of Europe’s most innovative capital allocators. This deepened partnership underscores shared conviction in Bitcoin’s long-term value and the importance of financial infrastructure built on hard money principles.

Through this program, TOBAM can allocate capital into ALTBG shares in a way that aligns with market liquidity, ensuring that treasury growth occurs sustainably and with pricing transparency.

What It Means for Bitcoin For Corporations

For BFC members and observers, this development reflects the growing global standardization of capital tools for Bitcoin-native companies. The ATM structure—commonly used in U.S. equity markets—has now been adapted for European Bitcoin treasury growth. It offers several key advantages:

➤ Precision Timing: Capital can be deployed when conditions are favorable, avoiding the drawbacks of lump-sum raises.
➤ BTC Per Share Focus: The program is explicitly designed to increase the number of bitcoins per share on a fully diluted basis—aligning shareholder and treasury value.
➤ Strategic Flexibility: Instead of relying on traditional fundraising windows, The Blockchain Group now has continuous access to growth capital.

A Treasury Engine, Not Just a Treasury

The Blockchain Group has been steadily transforming itself from a digital services company into a full-fledged Bitcoin Treasury Company. This €300 million program turns that transformation into a capital engine—one that can convert equity into Bitcoin consistently, responsively, and with strategic intent.

It also strengthens Europe’s position in the emerging corporate Bitcoin ecosystem. While most Bitcoin Treasury Companies today are U.S.-based, The Blockchain Group’s playbook offers a model for public firms across Euronext and other international exchanges.

The Blockchain Group isn’t just holding Bitcoin—it’s designing infrastructure to accumulate it over time. With TOBAM’s backing and a flexible ATM program in place, Europe’s first Bitcoin Treasury Company is poised to scale BTC per share with precision—one tranche at a time.

Disclaimer: This content was written on behalf of Bitcoin For Corporations. This article is intended solely for informational purposes and should not be interpreted as an invitation or solicitation to acquire, purchase, or subscribe for securities.

This post The Blockchain Group Accelerates Bitcoin Treasury Strategy with €300M Raise first appeared on Bitcoin Magazine and is written by Nick Ward.

@ 6c05c73e:c4356f17

Muitas pessoas me perguntam como eu faço o rebalanceamento das minhas carteiras de investimentos. Por isso, decidi compartilhar meu processo aqui. Você pode decidir se ele se adapta ao seu modelo ou não.

Por que Rebalancear a Carteira?

A primeira e mais importante pergunta é: por que precisamos fazer o rebalanceamento de carteira? A resposta é simples: somos humanos e não sabemos de tudo. Muitas informações estão acontecendo agora, e isso pode ser bom ou ruim (dependendo do quanto você está alavancado, rsrsrs). Mas, o rebalanceamento vai liberar caixa e reduzir a exposição ao risco.

Ou, em outra medida, pode aumentar sua exposição e capturar uma oportunidade que ninguém "percebeu ainda". Contudo, quero ressaltar que somos falhos e não podemos prever o futuro. Com isso em mente, você logo pensa que pode (e vai) estar errado em 80% do tempo.

Fazer os ajustes corretos na sua carteira de investimento é uma questão de sobrevivência. Imagina colocar 100% do patrimônio em Bitcoin em 2021? Pois é… Você estaria com uma perda considerável agora. Esse é só um dentre os milhares de exemplos que poderia dar.

Quando Rebalancear a Carteira?

A pergunta de 1 milhão de dólares é: quando rebalancear a bendita carteira?

Na palavra dos analistas: Trimestralmente. (Leia-se: Ganhamos as taxas).

Nas minhas palavras: Uma vez no ano. De preferência dia 20 de Dezembro (Leia-se: F*das analistas, o dinheiro é meu!).

Já testei mensal, trimestral, semestral e bienal. A verdade é que o dinheiro fica com as corretoras e foge do nosso bolso. Então, o melhor a se fazer é mexer o mínimo possível.

Partindo do princípio de que não sabemos nada ou sabemos muito pouco, corremos risco até de acertar um grande investimento. Isso aconteceu comigo no pós-Dilma. Porque? Pois eu estava focado no meu autodesenvolvimento.

Conhecimento, experiências, rede de contatos e saúde.

O único dia que eu queria saber de mercado financeiro era no quinto dia útil, quando eu ia aportar e decidir para onde ia mandar meu dinheiro. Só isso, foco em você e deixa seus investimentos de lado maturando.

Tudo se trata sobre rebalancear sua carteira com qualidade. Mas, qualidade para você.

Onde Manter o Dinheiro?

Gosto de ter uma parte do meu dinheiro livre e uma parte investida em dólar, majoritariamente em Bitcoin.

Então, gosto de ter uma parte do meu dinheiro em Bitcoin, pois acho que é o meio mais seguro e confiável para ter e transportar dólares literalmente usando a cabeça.

Dólares em bancões não me atraem. São totalmente rastreáveis e, em uma eventual urgência do dinheiro, duvido que eles vão dar moral para gente como nós.

A parte do dinheiro solto, gosto de deixar metade na conta da corretora e metade na minha poupança. Muita gente pensa que CDB/DI/CDI rendem rios de dinheiro a mais que a poupança. Rendem, mas é muito pouco. E o foco aqui é liquidez imediata!

Meu Modelo de Rebalanceamento

Para concluir nosso raciocínio, gosto de deixar assim:

• 50% do dinheiro livre.
• 50% do dinheiro investindo progressivamente.

50% livre = Dinheiro na conta da corretora e poupança mesmo.

50% investimento progressivo = A cada queda do mercado, eu compro 5% do dinheiro disponível em caixa de algum ativo que eu já tenha feito estudo.

Como Funciona Essa Abordagem?

Primeiro, eu rastreio o VIX. Coloco um alarme nele. A cada aumento de X porcento, ele me envia um e-mail me notificando. Eu acompanho o mercado durante o dia. Ao final do pregão, eu posiciono uma ordem de compra para o dia seguinte. Só isso.

Volto para o meu trabalho, negócio, família, lazer e para mim mesmo.

Mercado financeiro vicia, parceiro(a). Já estive dos dois lados e sei como funciona. Pega o que é seu e desliga. Se ficar online, vai ver coisas demais que nem deveria ter visto.

Concluindo

Existe muito misticismo sobre investimentos. E, até que deveria ter mesmo. Mas, a verdade é que ele é feito por pessoas + Bots + IA. E, pessoas são previsíveis. Já vi e vivi muita coisa. Minha maior lição é: Aproveite as oportunidades! Porque elas são raras…

Eu teria outras histórias para contar senão fosse o pós-Dilma, Bitcoin de 2017 e Covid. Sei que nem tudo são flores. Mas, estamos aqui para explorar uma brecha e fazer grana rápido. Liquidar e voltar a ver Netflix e ler livros. Meu único casamento é com minha esposa. Empresas, eu vejo como ciclos hoje em dia.

Além do mais, estamos na era das IAs. E Mary Meeker já lançou suas (brilhantes) previsões sobre nosso futuro. Então, aproveite enquanto há tempo. Já já o mercado deverá ser bem mais automatizado que hoje.

@ cae03c48:2a7d6671

Bitcoin Magazine

Strategy Buys $110 Million Worth of Bitcoin

Strategy has acquired an additional 1,045 Bitcoin for approximately $110.2 million, further cementing its position as the largest corporate holder of Bitcoin as institutional adoption continues to accelerate in 2025.

According to an SEC filing on June 9, the company purchased the Bitcoin at an average price of $105,426 per coin last week, bringing its total holdings to 582,000 BTC. The acquisition was funded through Strategy’s at-the-market (ATM) sales of STRK and STRF preferred stocks.

BREAKING: STRATEGY BUYS ANOTHER 1045 #BITCOIN FOR $110 MILLION pic.twitter.com/PUjgvEUg4B

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

With this latest purchase, Strategy’s average acquisition price across all its Bitcoin holdings has risen to $70,086 per coin. At current market prices of approximately $107,700, the company’s total Bitcoin holdings are valued at $62.8 billion.

The purchase follows recent significant acquisitions by other major corporations, including GameStop’s $513 million purchase of 4,710 BTC and The Blockchain Group’s €60.2 million acquisition of 624 BTC.

The pace of corporate Bitcoin adoption has reached an unprecedented level, with over 100 public companies now holding Bitcoin worth more than $90 billion collectively.

Strategy’s continued accumulation has helped establish a model for corporate treasury diversification that’s being rapidly adopted across industries.

Strategy’s reported BTC Yield, a key performance indicator measuring the year-to-date percentage change in Bitcoin holdings relative to diluted shares outstanding, now stands at 17.1% for 2025.

At press time, Bitcoin trades at $107,700, up 1.78% over the past 24 hours, as the market continues to process this latest institutional development and its implications for broader corporate adoption of Bitcoin as a treasury asset.

This post Strategy Buys $110 Million Worth of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.

@ 2b998b04:86727e47

How I Built a Decentralized CMS with Nostr + GitHub Actions – Part 2

Refinements, resilience, and real-world publishing

---

In Part 1, I shared the first steps of building a publishing stack that puts authors in control — using Nostr for content, GitHub Actions for automation, and GitHub Pages for free, fast hosting.

But that was just the foundation.

In this second installment, I focused on improving the system with better data hygiene, styling consistency, and end-to-end automation — all while keeping things minimal and open-source.

Here’s what changed — and what’s coming next.

---

✅ Key Improvements (Week of June 8)

🔁 1. Deduplication across relays

Nostr relays often echo the same events. In the original version, my script could pull the same article multiple times.\ To fix that, I updated the fetch_articles.py script to:

• Gather events from 8–10 relays concurrently using asyncio

• Flatten the results

• Deduplicate based on event.id

This brought the number of unique articles down from 90+ to around 20 — a huge cleanup win.

---

🏷 2. Tag styling and wrapping

Previously, the tags were unstyled or ran off the edge of the container. Now:

• Tags wrap cleanly and align left

• Each tag has a soft background and spacing (#tag)

• Tags are parsed directly from Nostr ["t", ...] tags

It looks better. It feels more coherent. And it reflects the decentralized ethos — clean, not corporate.

---

📅 3. Proper published_at parsing

Nostr events can include a ["published_at", timestamp] tag. Originally, my site sorted and displayed articles by their created_at time — which was sometimes misleading.

Now, the script:

• Extracts published_at (if present)

• Falls back to created_at if missing

• Uses this value for both sorting and display in index.html

This way, articles appear in the correct order — based on when I intended to publish them.

---

🎨 4. Markdown cleanup and layout polish

Markdown content from Nostr sometimes included extra backslashes (\\) or unparsed characters. I updated the rendering logic to:

• Remove unnecessary escape characters

• Use consistent fonts, spacing, and margins

• Inherit the overall styling from stantonweb.com

Now the articles don’t just work — they feel native to the rest of my site.

---

🤖 5. GitHub Actions automation

This was a big one: enabling daily auto-publishing.

I created a GitHub Actions workflow that:

• Pulls all my kind:30023 long-form articles daily from Nostr relays

• Deduplicates and filters by tag

• Generates one .html file per article and updates the index.json

• Commits the changes back to GitHub Pages — no manual pushing needed

After some token setup troubleshooting (and a wrong known_hosts key 😅), it works beautifully.

You can still run the script manually via:

bash

CopyEdit

./fetch_articles.sh

But now, it’s fire-and-forget. Just post on Nostr — the rest happens automatically.

---

⏱ Total Time Spent (est. 15 hours)

• Saturday (\~5h): initial build, tried sync-based fetch logic

• Sunday (\~5h): rewrote with asyncio, deduplication, cleaned up article objects

• Monday (\~5h): full styling pass, timestamp fixes, token creation, and automation pipeline setup

All running with zero paid infrastructure.

---

🔜 Coming Soon

• 🗂 Pagination: View 10–50 articles per page

• 🗓 Monthly Archives: Top-level by Year → then Month → then article list

• 🧠 RSS Feed: Auto-generate RSS from my npub so any Nostr long-form post becomes a blog feed\ (Bonus: use it to follow others via Primal or standard readers)

---

🙌 Built With

• Nostr (Primal, Damus, etc.)

• GitHub Pages + Actions

• Python (asyncio, websockets)

• A little stubbornness

• A lot of help from ChatGPT (“Dr. C”) 🧠

---

💡 Why This Matters

Most people don’t own their publishing tools.\ Medium can unlist you. Substack can shadowban. Even Ghost requires trust in a hosted instance.

But with Nostr + GitHub, I control the data, the visibility, and the publishing logic.

That’s the future I want — for myself, for others, for truth.

One article at a time.

---

🟧 View live:\ https://andrewgstanton.github.io/blog-stantonweb-site\ 📬 Zap: https://tinyurl.com/yuyu2b9t

@ cae03c48:2a7d6671

Bitcoin Magazine

BitMine Immersion Technologies Buys 100 Bitcoin in First Treasury Acquisition

BitMine Immersion Technologies, Inc., a Bitcoin focused technology company, has taken its first step into treasury accumulation with the open market purchase of 100 Bitcoin. The acquisition marks the launch of BitMine’s formal Bitcoin Treasury business.

JUST IN: Publicly traded BitMine Immersion Technologies bought 100 #Bitcoin for the first time. pic.twitter.com/4PPaFQGMbr

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

The 100 BTC were purchased using funds raised through BitMine’s recent public stock offering, which closed on June 6, 2025. The offering raised $18 million through the sale of 2,250,000 shares at $8.00 per share.

“We are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward,” said Jonathan Bates, Chairman and CEO of BitMine.

BitMine’s Treasury strategy reflects a growing trend among public companies to diversify their balance sheets with Bitcoin as a store of value. The company joins a cohort of firms leveraging proceeds from capital markets to accumulate BTC as a long term asset, echoing broader institutional adoption. 

Based in regions with low-cost energy—including Pecos and Silverton, Texas, and Trinidad—BitMine’s operations span traditional Bitcoin mining, synthetic Bitcoin mining through hashrate financial products, and advisory services for companies seeking Bitcoin-denominated revenues. 

The company’s focus is not only on direct mining but also on offering consulting and infrastructure solutions to other public firms entering the Bitcoin space. Its strategic pivot toward treasury holdings represents a natural extension of its belief in Bitcoin as a core financial asset.

BitMine emphasized in its announcement that the move is just the beginning. The company “expects to make more Bitcoin purchases moving forward,” pointing to a sustained long-term accumulation plan.

With this initial acquisition, BitMine has placed itself among a growing group of companies actively converting capital into Bitcoin—showcasing not only conviction in the asset but a business model structured around it.

This post BitMine Immersion Technologies Buys 100 Bitcoin in First Treasury Acquisition first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 2b998b04:86727e47

Solzhenitsyn Would Have Loved Bitcoin

I didn’t plan to write this. But a comment from @HODL stirred something in me — a passing thought that took root and wouldn’t let go:

\> “Solzhenitsyn would have understood Bitcoin.”

The more I sat with it, the more I realized: he wouldn’t have just understood it — he would have loved it.

---

A Life of Resistance

Aleksandr Solzhenitsyn didn’t just survive the Soviet gulags — he exposed them. Through The Gulag Archipelago and other works, he revealed the quiet machinery of evil: not always through brutality, but through systemic lies, suppressed memory, and coerced consensus.

His core belief was devastatingly simple:

\> “The line dividing good and evil cuts through the heart of every human being.”

He never let anyone off the hook — not the state, not the system, not even himself. Evil, to Solzhenitsyn, was not “out there.” It was within. And resisting it required truth, courage, and deep personal responsibility.

---

Bitcoin: Truth That Resists

That’s why I believe Solzhenitsyn would have resonated with Bitcoin.

Not the hype. Not the coins. Not the influencers.

But the heart of it:

• A system that resists coercion.

• A ledger that cannot be falsified.

• A network that cannot be silenced.

• A protocol that doesn't care about party lines — only proof of work.

Bitcoin is incorruptible memory.\ Solzhenitsyn fought to preserve memory in the face of state erasure.\ Bitcoin cannot forget — and it cannot be made to lie.

---

Responsibility and Sovereignty

Bitcoin demands what Solzhenitsyn demanded: moral responsibility. You hold your keys. You verify your truth. You cannot delegate conscience.

He once wrote:

\> “A man who is not inwardly prepared for the use of violence against him is always weaker than his opponent.”

Bitcoin flips that equation. It gives the peaceful man a weapon: truth that cannot be seized.

---

I’ve Felt This Line Too

I haven’t read all of The Gulag Archipelago — it’s long, and weighty — but I’ve read enough to know Solzhenitsyn’s voice. And I’ve felt the line he describes:

\> That dividing line between good and evil… that runs through my own heart.

That’s why I left the noise of Web3. That’s why I’m building with Bitcoin. Because I believe the moral architecture of this protocol matters. It forces me to live in alignment — or walk away.

---

Final Word

I think Solzhenitsyn would have seen Bitcoin not as a tech innovation, but as a moral stand. Not a replacement for Christ — but a quiet echo of His justice.

And that’s why I keep stacking, writing, building — one block at a time.

---

Written with help from ChatGPT (Dr. C), and inspired by a comment from @HODL that sparked something deep.

If this resonated, feel free to zap a few sats — not because I need them, but because signal flows best when it’s shared with intention.

---

HODL mentioned this idea in a note — their Primal profile:\ <https://primal.net/hodl>

@ 9ca447d2:fbf5a36d

CANNES, FRANCE – May 2025 — Bitcoin mining made its mark at the world’s most prestigious film gathering this year as Puerto Rican director and producer Alana Mediavilla introduced her feature documentary Dirty Coin: The Bitcoin Mining Documentary at the Marché du Film during the Cannes Film Festival.

The film puts bitcoin mining at the center of a rising global conversation about energy, technology, and economic freedom.

Dirty Coin is the first feature-length documentary to explore bitcoin mining through immersive, on-the-ground case studies.

From rural towns in the United States to hydro-powered sites in Latin America and the Congo, the film follows miners and communities navigating what may be one of the most misunderstood technologies of our time.

The result is a human-centered look at how bitcoin mining is transforming local economies and energy infrastructure in real ways.

To mark its Cannes debut, Mediavilla and her team hosted a packed industry event that brought together leaders from both film and finance.

Dirty Coin debut ceremony at the Marché du Film

Sponsors Celestial Management, Sangha Renewables, Nordblock, and Paystand.org supported the program, which featured panels on mining, energy use, and decentralized infrastructure.

Attendees had the rare opportunity to engage directly with pioneers in the space. A special session in French led by Seb Gouspillou spotlighted mining efforts in the Congo’s Virunga region.

Dirty Coin builds on Mediavilla’s award-winning short film Stranded, which won over 20 international prizes, including Best Short Documentary at Cannes in 2024.

That success helped lay the foundation for the feature and positioned Mediavilla as one of the boldest new voices in global documentary filmmaking.

Alana Mediavilla speaks at the Marché du Film — Cannes Film Festival

“If we’ve found an industry that can unlock stranded energy and turn it into real power for people—especially in regions with energy poverty—why wouldn’t we look into it?” says Mediavilla. “Our privilege blinds us.

“The same thing we criticize could be the very thing that lifts the developing world to our standard of living. Ignoring that potential is a failure of imagination.”

Much like the decentralized network it explores, Dirty Coin is spreading globally through grassroots momentum.

Local leaders are hosting independent screenings around the world, from Roatán and Berlin to São Paulo and Madrid. Upcoming events include Toronto and Zurich, with more cities joining each month.

Mediavilla, who previously worked in creative leadership roles in the U.S. — including as a producer at Google — returned to Puerto Rico to found Campo Libre, a studio focused on high-caliber, globally relevant storytelling from the Caribbean.

She was also accepted into the Cannes Producers Network, a selective program open only to producers with box office releases in the past four years.

Mediavilla qualified after independently releasing Dirty Coin in theaters across Puerto Rico. Her participation in the network gave her direct access to meetings, insights, and connections with the most active distributors and producers working today.

The film’s next public screening will take place at the Anthem Film Festival in Palm Springs on Saturday, June 14 at 2 PM. Additional screenings and market appearances are planned throughout the year at Bitcoin events and international film platforms.

Dirty Coin at the Cannes Film Festival

Watch the Trailer + Access Press Materials

📂 EPK
🎬 Screener
🌍 Host a Screening

Follow the Movement

Instagram: https://www.instagram.com/dirty_coin_official/
Twitter: https://x.com/DirtyCoinDoc
Website: www.dirtycointhemovie.com

@ 2b998b04:86727e47

Most of the assets I hold—real estate, equities, and businesses—depreciate in value over time. Some literally, like physical buildings and equipment. Some functionally, like tech platforms that age faster than they grow. Even cash, which should feel "safe," quietly loses ground to inflation. Yet I continue to build. I continue to hold. And I continue to believe that what I’m doing matters.

But underneath all of that — beneath the mortgages, margin trades, and business pivots — I’ve made a long-term bet:

Bitcoin will outlast the decay.

---

The Decaying System I Still Operate In

Let me be clear: I’m not a Bitcoin purist. I use debt. I borrow to acquire real estate. I trade with margin in a brokerage account. I understand leverage — not as a sin, but as a tool that must be used with precision and respect. But I’m also not naive.

The entire fiat-based financial system is built on a slow erosion of value. Inflation isn't a bug — it’s a feature. And it's why most business models, whether in real estate or retail, implicitly rely on asset inflation just to stay solvent.

That’s not sustainable. And it’s not honest.

---

The Bitcoin Thesis: Deflation That Works for You

Bitcoin is fundamentally different. Its supply is fixed. Its issuance is decreasing. Over time, as adoption grows and fiat weakens, Bitcoin’s purchasing power increases.

That changes the game.

If you can hold even a small portion of your balance sheet in BTC — not just as an investment, but as a strategic hedge — it becomes a way to offset the natural depreciation of your other holdings. Your buildings may age. Your cash flow may fluctuate. But your Bitcoin, if properly secured and held with conviction, becomes the anchor.

It’s not about day trading BTC or catching the next ATH. It’s about understanding that in a world designed to leak value, Bitcoin lets you patch the hole.

---

Why This Matters for Builders

If you run a business — especially one with real assets, recurring costs, or thin margins — you know how brutal depreciation can be. Taxes, maintenance, inflation, replacement cycles… it never stops.

Adding BTC to your long-term treasury isn’t about becoming a "crypto company." It’s about becoming anti-fragile. It’s about building with a component that doesn’t rot.

In 5, 10, or 20 years, I may still be paying off mortgages and navigating property cycles. But if my Bitcoin allocation is still intact, still growing in real purchasing power… then I haven’t just preserved wealth. I’ve preserved optionality. I’ve created a counterbalance to the relentless decay of everything else.

---

Final Word

I still play the fiat game — because for now, I have to. But I’m no longer betting everything on it. Bitcoin is my base layer now. Quiet, cold-stored, and uncompromising.

It offsets depreciation — not just financially, but philosophically. It reminds me that not everything has to erode. Not everything has to be sacrificed to time or policy or inflation.

Some things can actually hold. Some things can last.

And if I build right — maybe what I build can last too.

---

If this resonated, feel free to send a zap — it helps me keep writing and building from a place of conviction.

This article was co-written with the help of ChatGPT, a tool I use to refine and clarify what I’m working through in real time.

@ 0689c075:2936ee11

{"layout":{"backgroundImage":null,"canvasSize":{"width":850,"height":1100}},"pages":[{"id":"page_1","name":"Main Page","objects":[]}],"objects":[],"texts":[]}

@ 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.

@ c5d54dd3:e4a3dfc6

I've been working on a few Python scripts to help automate and improve some Lightning node management tasks and wanted to share them with the community. I've bundled them into a GitHub repository called

Lightning-Python-Tools

You can find it here: https://github.com/TrezorHannes/Lightning-Python-Tools

Here's a quick rundown of a few scripts inside:

fee_adjuster.py: This script pulls data from your LNDg database and public fee market data from Amboss. It allows you to build your own custom heuristics for managing your outbound and inbound channel fees automatically.

pocketmoney.py: Leveraging your LNBits instance, this tool can trigger regular, scheduled payments. It's perfect for things like sending pocket money to your children's wallets.

peerswap-lndg_push.py: For those using Peerswap, this script makes your Peerswap-enabled channels visible in your LNDg dashboard and conveniently enters your past swap history as a note.

boltz_swap-out.py: This is a command-line interface (CLI) tool for performing submarine swaps with Boltz. It intelligently suggests swaps based on your most outbound-heavy channels, again by feeding data from LNDg.

Disclaimer & Call for Contributions This is an open-source project. Please use it at your own risk. I welcome everyone to fork the repository, create pull requests to make the scripts more robust and versatile, or open issues with suggestions.

I'm also very keen to get your feedback. What other tools could be built to make a node runner's life easier? Let me know your thoughts!

https://stacker.news/items/1002005

@ b83a28b7:35919450

I posted on nostr last week that I had finally had enough of the fiat job and decided to take action:

nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qyghwumn8ghj7mn0wd68ytnhd9hx2tcqyr604hwzr8vvluvp8y0s42gu4x0e725cetugnh7g293g9cggtpujww6vn8n

I'm going to document my journey from being in a well-established and well-paying fiat job into the unknown world of independent work in freedom tech in a series of articles. Will I end up finding something truly inspiring and fulfilling, while being able to support my family? We'll find out over the course of the next few weeks.

---

They say a watched pot never boils, but I’ve discovered a corollary: a watched lay-off never lands. It has now been ten full rotations of this curious planet since I politely asked my SVP to lay me off. The axe remains lodged somewhere in upper-management limbo, perhaps awaiting the proper ceremonial robe or a Procrustean bed that meets quarterly OKR standards.

While the paperwork drifts in the stratosphere, I’ve begun a quiet, delicious rebellion. My calendar, once a Tetris board stacked with 10–12 neon bricks of back-to-back calls, now resembles minimalist art: a single meeting block lounging at 11 a.m., sipping espresso and judging the empty white space around it. When unreasonable requests for road-maps, slide-decks, or seventeen-page AI vision statements arrive, I respond with the calm of a mountain lake: That timeline seems ambitious... shall we refine the scope? The sound you hear is the collective gasp of colleagues who thought the only acceptable answer was Yes, by yesterday.

With those reclaimed hours I’ve slipped into my mad-scientist lab (occasionally also known as sofa in the guest bedroom, or Orange Room) to experiment on MKStack. Imagine a Lego set for nostr clients, only the bricks are pure code and half the instructions are written in the margin of a philosophy book. I’m vibecoding away, torching roughly thirty thousand sats in compute every day as GPUs hum like distant Tibetan bowls. An accountant might call it reckless; I call it tuition for the University of Possibility.

The experiments are already bearing odd fruit. NosFabrica, the health-data-on-nostr project I started with nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqt8pwzkkhhs94e9acgw9jwca9csyl7a4tnpdttu05039um5j7d6xskflc8d and nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3qamnwvaz7tmwdaehgu3wd4hk6tcqyprqcf0xst760qet2tglytfay2e3wmvh9asdehpjztkceyh0s5r9cpvx58v is finally getting the attention it deserves. I've built out a simple prototype for a provider directory, that only lists providers with a "credential" issued by me. I'm polishing the app now, but hope to release it for testing in the next couple of weeks.

Most gratifying of all, I’ve traded status meetings for sideline cheers. My 14-yo son is sprinting toward his final exams and soccer playoffs simultaneously - Hegel might call it thesis and antithesis, I call it Tuesday. Instead of doom-scrolling Microsoft Teams during his matches, I’m barking out instructions to him to stay onside, while curbing my desire to manhandle the incompetent refs for not calling a penalty when he's clearly being roughhoused in the box by 190-lb defenders with neck beards and chest hair.

Here’s an unexpected twist: without the daily psychic smog of corporate urgency, the sky inside my skull has cleared. Ideas that once flickered like fireflies now glow with stadium lighting. I have sketched three chapters of the sequel to 24 (called July 18), and outlined a new creative project called A Muse Stochastic (coming soon). I don’t know which, if any, of these seedlings will grow, but the soil finally feels fertile again.

Do I worry about the math? Of course. The household budget once kept afloat by a predictable salary will soon meet the iceberg of reality. Yet the anxiety is strangely weightless, as though the fear itself got furloughed. Maybe it’s naïveté, maybe faith; either way, the net I cannot see is starting to feel palpable beneath my feet.

Ten days in, the lessons are already crystallizing:

• Silence is space. Remove a dozen meetings and the mind blooms faster than AWS bills.

• Pushback is a spiritual practice. Each gentle “no” to nonsense is a “yes” to sanity.

• Compute credits are cheaper than regrets. I’ll trade a double espresso's worth of GPU time for a shot at building the future any day.

• Presence compounds. One extra hour on the training pitch yields more familial ROI than a dozen performance reviews.

• Uncertainty is a mirror. Stare into it long enough and you start seeing yourself, not your résumé.

Where does this road lead? I genuinely have no clue. The map dissolves about three steps ahead, like one of those old adventure games where the terrain renders just before you walk off a cliff. But every time I inch forward, the ground materializes. The net appears.

Next week, perhaps I’ll report that the corporate guillotine finally fell, or that I’ve secured my first contract, or that my son aced biology while scoring the winning goal. Whatever unfolds, I’ll keep threading these reflections into the loom of “The Net Appears.” After all, an abyss is just an invitation to practice flight.

Until then, may your own invisible nets breeze into view exactly when you need them, and may they be woven from stronger stuff than corporate lanyards.

@ 4b3b215f:b091b1f9

Actualizado: Agosto 10, 2024

⚠️ Advertencia: Esta guía tiene el objetivo de proporcionar información educativa sobre cómo empezar a aceptar Bitcoin en tu negocio. No se ofrece ni se vende ningún servicio relacionado con Bitcoin. Es esencial que sepas que NO DEBES confiar en terceros que te ofrezcan productos o servicios relacionados con Bitcoin, ya que el uso y la gestión de Bitcoin deben ser autónomos y soberanos.

Recuerda: ¡Bitcoin es tu camino hacia la libertad financiera! No confíes en terceros que te ofrezcan productos o servicios para aceptar o utilizar Bitcoin. Bitcoin es dinero, y no necesitas a nadie más para comenzar a usarlo.

¡No aceptes ni pagues por servicios de Bitcoin, tú puedes hacerlo por ti mismo!

¡No confíes, verifica! ₿

¿Qué es Bitcoin?

Bitcoin es una forma de efectivo electrónico entre pares, una moneda digital que puede transferirse entre personas o computadoras sin necesidad de intermediarios confiables como los bancos. A diferencia de los pagos tradicionales que requieren servicios intermedios como tarjetas de crédito o plataformas de pago digital, Bitcoin permite transacciones directas entre usuarios, preservando así la privacidad y la independencia financiera. Es una alternativa descentralizada al dinero digital controlado centralmente, ofreciendo seguridad y autonomía a sus usuarios.

Además, Bitcoin ofrece una solución a la dependencia de sistemas de pago digitales centralizados, los cuales pueden ser utilizados para el control y la vigilancia gubernamental. Al utilizar una red de computadoras interconectadas, Bitcoin garantiza la verificación independiente de las transacciones y la aplicación de reglas consensuadas, lo que permite un sistema de pagos más transparente y resistente a la censura.

¿Qué es Lightning? ⚡️

La red lightning (Lightning Network) es una red global de pagos de Bitcoin que ofrece transacciones instantáneas, privadas y de bajo o nulo costo. Propuesta en 2015, permite transacciones de Bitcoin más rápidas, económicas y privadas fuera de la cadena de bloques de Bitcoin. Es lo que se conoce como una tecnologîa de capa 2 (L2), con Bitcoin siendo la capa 1 (L1).

A diferencia de las redes bancarias tradicionales, lightning network ofrece liquidación instantánea, sin contracargos y utiliza Bitcoin como su activo subyacente. Aborda un desafío clave para Bitcoin al permitir la escalabilidad para un gran número de usuarios que realizan numerosos pagos.

Esta innovadora red de pagos es sin fronteras, abierta, económica e instantánea, ofreciendo pagos instantáneos, económicos e interoperables en todo el mundo. Los pagos enrutados a través de Lightning se mueven a la velocidad de la luz y son definitivos al llegar, eliminando los retrasos y riesgos asociados con los métodos de pago tradicionales.

*Una poderosa analogía para explicar cómo funciona el Lightning Network.

¿Qué hay de todos estos hacks y quiebras de intercambios?

La base de datos de la cadena de bloques de Bitcoin nunca ha sido hackeada. En sus 15 años de existencia, Bitcoin ha demostrado ser el sistema digital más seguro del mundo y el sistema monetario más confiable jamás inventado. Nunca se ha emitido moneda falsa en la red.

La seguridad de Bitcoin radica en su naturaleza descentralizada. Opera a través de una red de computadoras, llamadas nodos, que se comunican para construir y actualizar la base de datos. Cada nodo almacena una copia de la cadena de bloques, lo que hace virtualmente imposible que los hackers comprometan toda la red. Además, Bitcoin permite a los usuarios mantener sus fondos de forma segura en billeteras personales, reduciendo el riesgo asociado con los exchanges (Intercambios) de terceros. Si dejas tus bitcoins en un intercambio o con cualquier tercero, estás asumiendo un riesgo enorme que, para pequeñas cantidades, puede ser razonable a cambio de conveniencia. Pero piénsalo muy bien.

Si bien Bitcoin opera principalmente a través de internet, incluso en casos de interrupciones de internet, la cadena de bloques permanece intacta. Los nodos continúan almacenando los bloques, asegurando la seguridad y la integridad del sistema. Mientras haya por lo menos un nodo conectado, Bitcoin seguira operando sin interrupciones, es decir, para que Bitcoin deje de funcionar, tendria que caerse el internet en todo el mundo al mismo tiempo, lo cual es poco probable. En caso de una divergencia de red, los nodos pueden reconciliarse y acordar cuál es la cadena de bloques objetivamente más válida a seguir, manteniendo la robustez y seguridad de Bitcoin.

¿Por qué Debería Mi Negocio Aceptar Bitcoin?

En primer lugar, para atraer Bitcoiners. Los Bitcoiners son leales y están altamente motivados a buscar negocios que acepten Bitcoin. Con Bitcoin, puedes recibir pagos las 24 horas del día, los 7 días de la semana, los 365 días del año, sin la necesidad de esperar por días hábiles. Además, no hay contracargos y las tarifas de transacción son muy bajas o casi nulas gracias a la red Lightning.

Bitcoin es Bueno para los Negocios

Bitcoin te permite recibir pagos directamente de tus clientes, al igual que el efectivo. La red Bitcoin opera sin intermediarios como bancos y compañías de tarjetas de crédito, evitando las tarifas elevadas asociadas. Los pagos con Bitcoin se liquidan instantáneamente gracias a la red Lightning, eliminando la espera en comparación con los métodos tradicionales. Además, al ocurrir directamente entre tú y tus clientes, es imposible que alguien te quite el dinero mediante un contracargo. Además, el Bitcoin falsificado no puede ser enviado en la red Bitcoin, lo que asegura la integridad de las transacciones y protege a tu negocio de fraudes financieros.

Al aceptar Bitcoin, atraes más clientes, ya que millones de personas poseen Bitcoin y desean gastarlo en lugares que lo acepten.

Aceptar Bitcoin es completamente gratuito y te brinda la oportunidad de aparecer en mapas de comerciantes de Bitcoin, lo que facilita que los usuarios encuentren tu negocio con facilidad.

Pero, Bitcoin no está regulado. ¿Cómo puedo declarar impuestos si acepto Bitcoin en mi negocio?

Muy bien, antes de comenzar, déjame decirte que el no estar regulado es una cualidad, no un defecto. Bitcoin no lo controla nadie, pero es de todos y está disponible para cualquiera que desee usarlo sin necesidad de pedir permiso. Bitcoin no necesita permiso!

Estamos hablando de una forma superior de dinero y la mejor tecnología de ahorro jamás inventada por los humanos. Aceptar Bitcoin es como recibir efectivo: simplemente registras la venta y te llevas el dinero en efectivo a casa. ¿Acaso cuando recibes efectivo, le tomas fotografías a los billetes para enviárselas al gobierno? Eso pensé.

Bitcoin representa la separación entre el estado y el dinero; no es necesario que el estado sepa cuántos Bitcoin tienes. Si un amigo fuera a tu negocio de hamburguesas y te pagara con canicas, ¿le avisarías al gobierno que tu amigo te ha pagado con canicas? Probablemente no. Registra la venta como efectivo en tus libros contables y guarda tu Bitcoin. Es TU dinero, y tienes derecho a mantenerlo privado.

Se recomienda que cuando poseas un saldo importante de Bitcoin, lo retires a una billetera fría. Imagina que recibes efectivo todo el día en tu negocio; al final del día, ¿dejarías todo ese dinero en la caja? Probablemente no sería una buena idea. Muchos negocios retiran su efectivo al final del día o de la semana y lo depositan en un banco o en una caja fuerte en algún lugar seguro. Haz lo mismo con tu Bitcoin: una vez que tengas un saldo mayor del que llevarías cómodamente en el bolsillo, retíralo a una billetera fría.

Bitcoin ES dinero. No es una divisa, ni una inversión, ni acciones, y mucho menos "sujeto a impuestos". Los impuestos son un robo, punto. No importa lo que tu gobierno te diga: Bitcoin es simplemente dinero.

Si no sabes la diferencia entre el dinero y una divisa (Money and Currency), te invito a revisar la siguiente imagen.

Para todos los "amantes de los impuestos" que vienen a decir "Pero el gobierno regulará Bitcoin" o "El gobierno le impondrá impuestos a mi Bitcoin", solo les digo: ¡Pon tu mierda en orden! El dinero no está sujeto a impuestos, punto.

Si realmente deseas utilizarlo para fines comerciales y por tu propia tranquilidad mental, en tus libros contables, decláralo como "ingreso en efectivo". Así de simple: no es asunto del gobierno saber qué tipo de "efectivo" posees. No es asunto suyo lo que haces con tu dinero.

¿Cuál es la diferencia entre billeteras custodiales y no custodiales?

Cuando se trata de billeteras de Bitcoin, hay dos tipos principales: custodiales y no custodiales.

Las billeteras custodiales son como tener tu dinero en un banco. Confías en el proveedor de la billetera para mantener seguro tu Bitcoin y manejar todo por ti. Es conveniente y rápido, especialmente para cantidades pequeñas, pero recuerda, no tienes control total sobre tu Bitcoin. Estás confiando en el proveedor de la billetera para gestionarlo por ti.

Por otro lado, las billeteras no custodiales te dan control total. Tienes tus propias claves y puedes hacer una copia de seguridad de tu billetera. Esto significa que tú eres quien controla tu Bitcoin y puedes moverlo como quieras. Es como guardar efectivo en tu propia caja fuerte en casa. Recuerda, en una billetera no custodial, tú eres el único responsable de tus Bitcoins. Si pierdes u olvidas tus claves (llaves), nadie podrá ayudarte.

Si bien las billeteras custodiales están bien para empezar y para cantidades pequeñas, te recomendamos continuar con tu educación sobre Bitcoin y, eventualmente, pasar a una solución no custodial. Esto te da más control, soberanía, y seguridad sobre tu Bitcoin a largo plazo. Así que, comienza con una billetera custodial como Blink o Wallet Of Satoshi para familiarizarte con Bitcoin, pero apunta a cambiar a una billetera no custodial una vez que te sientas cómodo y listo.

Cómo Aceptar Pagos en Bitcoin

Todo lo que necesitas para aceptar pagos en Bitcoin es una billetera como Blink. Por otro lado, con una billetera híbrida como Wallib, puedes convertir automáticamente los pagos de Bitcoin que recibes a COP.

También puedes optar por ahorrar y mantener una parte de los pagos en Bitcoin, lo que ofrece muchos beneficios a largo plazo.

Ahorra en Bitcoin.

1) Descarga la aplicación:

Bitcoin es una red abierta y hay muchas aplicaciones (wallets) que te permites enviar, recibir, y guardar Bitcoin. Para comenzar, te recomendamos la aplicación Blink Wallet.

Al final de esta guía hay una lista de wallets (billeteras) recomendadas. Pero recuerda, no creas todo lo que lees y haz tu propia investigación.

2) Crea una cuenta:

Una vez que descargues la app, deberas ingresar tu numero de teléfono para registrarte, ya que Blink es una billetera custodial. Pero descuida, no debes dar datos personales adicionales para crear una cuenta.

Una vez ingreses tu teléfono, recibirás un mensaje de texto con un código que deberas ingresar para terminar con el proceso de verificación.

Cuando este configurada, veras la pantalla principal donde está tu balance, tus transacciones, etc. Explora la aplicación y familiarizarte con todas sus opciones.

3) Recibir y enviar Bitcoin:

Ya estas listo para recibir Bitcoin de cualquier persona y desde cualquier lugar, sin importar que aplicacion de lightning usen. Al instante y casi gratis. Esta es la maravilla de la red lightning de Bitcoin!

Aceptar Bitcoin en Persona y en Línea

Aceptar pagos en Bitcoin, ya sea en persona o en línea, es sencillo utilizando tu billetera. Puedes integrar Bitcoin como opción de pago en tu tienda en línea o utilizar la función de "recibir" en tu billetera para recibir pagos en persona. Además, puedes compartir la dirección de pago a través de plataformas como WhatsApp, Instagram, etc.

Cómo Atraer Más Clientes Aceptando Bitcoin

Millones de usuarios de Bitcoin desean gastar sus bitcoins en negocios que los acepten. Al aceptar Bitcoin, puedes aparecer en mapas de comerciantes de Bitcoin como BTC Map de forma gratuita y aumentar tu exposición a nuevos clientes potenciales.

Costo de Aceptar Bitcoin

Aceptar Bitcoin en tu negocio es 100% gratuito. No hay contratos ni tarifas ocultas. No confíes en terceros que te ofrezcan productos o servicios para aceptar o utilizar Bitcoin. Bitcoin es dinero, y no necesitas a nadie más para comenzar a usarlo.

---

Acepta Bitcoin Ahora! ⚡️

A continuación, algunas billeteras, apps y herramientas que recomendamos.

Billeteras Custodiales

Blink - Billetera móvil de Bitcoin y Lightning

Wallet Of Satoshi - Billetera móvil de Bitcoin y Lightning

Sati - Billetera de Bitcoin y Lightning en WhatsApp

CoinOS - Billetera web (BTC/LN/Liquid)

Alby - Extensión de explorador y web

Billeteras No Custodiales

Phoenix - Billetera móvil de Lightning

Blue Wallet - Billetera móvil y de escritorio de Bitcoin y Lightning.

Green Wallet - Billetera móvil y de escritorio de Bitcoin y Lightning (beta) para principiantes.

Sparrow - Billetera de escritorio solo de Bitcoin (L1 - onchain)

Electrum - Billetera móvil y de escritorio de Bitcoin y Lightning.

Zeus LN - Nodo móvil y billetera de bitcoin y lightning para usuarios avanzados.

Blixt Wallet - Nodo móvil y billetera de Bitcoin y Lightning para usuarios avanzados.

---

Lecturas Recomendadas

1. "La Tesis Alcista de Bitcoin” por Vijay Boyapati [Lectura]
2. "Bitcoin: ¿qué, cómo y para qué?” de Franco Amati [Lectura]
3. “El Patrón Bitcoin” por Saifedean Ammous [Lectura]

---

Más Recursos

• El Libro De Bitcoin Mas Simple Jamas Escrito - Por Kaysa Luna (Descarga PDF)

• Las 5 Etapas Para Convertirse En Un Bitcoiner

• Simple Bitcoin App - Aprende sobre Bitcoin y gana premios (Como Duolingo pero para Bitcoin)

• Lee El White Paper de Satoshi Nakamoto En Español

• Estudio Bitcoin - Entra en la madriguera del conejo y aprende mas sobre Bitcoin

@ 623893fc:f8e3eaad

testing something

@ 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

@ b17fccdf:b7211155

---

Check out the MiniBolt guide -> HERE <-

---

• Core guides
• System
  • Preparations
  • Operating System
  • Remote access
  • Configuration
  • Security
  • Privacy
• Bitcoin
  • Bitcoin client (Bitcoin Core)
  • Electrum server (Fulcrum)
  • Blockchain explorer (BTC RPC Explorer)
  • Desktop signing app (Sparrow Wallet)
• Lightning
  • Lightning client (LND)
  • Channel backup
  • Web app (ThunderHub)
  • Mobile app (Zeus)
• Bonus guides
• System bonus guide
  • Dashboard & Appearance
    • Pimp the command line
    • System Overview
  • System Administration
    • Aliases
    • Statip IP & custom DNS servers
  • Install / Update / Uninstall common languages
    • Node.js + NPM
    • Rustup + Cargo
    • Go
  • Databases
    • PostgreSQL
  • Hardware
    • Store data in a secondary disk
• Bitcoin bonus guides
  • Electrum servers
    • Electrs
  • Signing apps
    • Desktop
    • Electrum Wallet Desktop
  • Decentralized exchange
    • Bisq
  • Resilience
    • Safu Ninja
    • Ordisrespector
  • Fun
    • Download the bitcoin white paper
  • Payment processors
    • BTCPay Server
  • Testnet
    • MiniBolt on Testnet
• Nostr bonus guides
  • Relays
  • Nostr relay in Rust
• Security bonus guides
  • Authentication and Access Control
  • SSH Keys
• Networking bonus guides
  • VPN & Tunneling
    • WireGuard VPN
    • Cloudflare Tunnel
  • Resilience
    • Tor services: bridges & relays

---

🏗️ Roadmap | 🌐 Dynamic Network map | 🔧 Issues | 📥 Pull requests | 🗣️ Discussions

---

By ⚡2FakTor⚡

---

Last updated: 09/06/2025

@ 623893fc:f8e3eaad

testing some top secret business

@ da8b7de1:c0164aee

Az IAEA Kormányzótanácsának ülése Bécsben

A Nemzetközi Atomenergia-ügynökség (IAEA) Kormányzótanácsa ma kezdte meg szokásos júniusi ülését Bécsben. A széles napirend olyan témákat ölel fel, mint a 2024-es éves jelentés, a technikai együttműködési tevékenységek, valamint a nukleáris biztonsággal, védettséggel és ellenőrzéssel kapcsolatos kulcskérdések. Az ülésen napirendre kerülnek többek között az iráni ellenőrzés és monitoring, az észak-koreai és szíriai ellenőrzés, az ukrajnai nukleáris biztonság – beleértve a zaporizzsjai atomerőmű helyzetét –, valamint az AUKUS-megállapodás keretében történő nukleárisanyag-átadás és annak ellenőrzése. A Kormányzótanács tárgyalja a tagállami képviseletet a 2025–2026-os időszakra, valamint a közelgő Közgyűlés előkészületeit is [iaea.org].

Nukleáris üzemeltetés és szakpolitikai fejlemények

Az elmúlt hetekben jelentős aktivitás volt tapasztalható a nukleáris üzemeltetés és szakpolitika terén világszerte. Az Egyesült Államokban a Nukleáris Szabályozási Bizottság további 20 évvel meghosszabbította a Duke Energy dél-karolinai Oconee atomerőmű három blokkjának üzemeltetési engedélyét. Michigan államban 56,8 millió dolláros hitelgaranciát hagytak jóvá a Palisades atomerőmű újraindításához.

Európában Belgium és Franciaország megállapodást kötött a Tihange 3 és Doel 4 reaktorok üzemidejének tízéves meghosszabbításáról, beleértve a radioaktív hulladék kezelésének rendezését is. Németország nukleáris technológiai szövetsége szerint akár hat leállított reaktor is technikailag újraindítható lenne, a nukleáris energiát biztonságos és klímabarát alternatívaként bemutatva.

Másutt Pakisztánban hivatalosan is átvették a kínai fejlesztésű Hualong One reaktort a Karacsi 3-as blokkban, míg Indiában hálózatra kapcsolták a Rajasthan Atomerőmű harmadik, saját fejlesztésű 700 MW-os nehézvizes reaktorát [world-nuclear-news.org].

Zaporizzsjai Atomerőmű: Folyamatos aggodalmak

Az ukrajnai Zaporizzsjai Atomerőmű továbbra is orosz katonai ellenőrzés alatt áll. Az erőmű igazgatója szerint 2027-ig minden blokk megkaphatja az orosz üzemeltetési engedélyt, azonban az ukrán Enerhoatom minden újraindítási tervet elítél, biztonsági előírásokra hivatkozva. Az IAEA főigazgatója megerősítette, hogy a szervezet kész támogatni bármilyen jövőbeni megállapodást az erőművel kapcsolatban, amely továbbra is központi téma az orosz-ukrán tűzszüneti tárgyalásokon [world-nuclear-news.org].

Új nukleáris projektek és technológiai innovációk

Világszerte fokozódik az érdeklődés az új nukleáris projektek iránt. India nukleáris hatósága jóváhagyta a négy blokkból álló Mahi Banswara Rajasthan Atomerőmű telephelyét. Kínában a fő turbinakomponenseket beépítették a Haiyang Atomerőmű 3-as blokkjában. Belgiumban megkezdődött egy ólom-hűtésű kis moduláris reaktor előzetes konzultációja, Brazília pedig egy orosz együttműködésű kis moduláris reaktor projektet vizsgál.

Az Egyesült Államokban az EnergySolutions és a WEC Energy Group új nukleáris létesítmény létesítését fontolgatja a wisconsini Kewaunee telephelyen, korai telephelyengedély megszerzését célozva. Kanadában a Prodigy Clean Energy befejezéséhez közeledik egy olyan szállítható atomerőmű tesztprogramja, amely súlyos baleseti és fenyegetettségi helyzeteknek is ellenáll [world-nuclear-news.org].

Iparági kilátások és befektetési trendek

Az iparági vezetők pozitív kilátásokról számolnak be a nukleáris energia terén: az Egyesült Államokban (pl. TerraPower Wyomingban, X-energy és Dow partnersége), valamint nemzetközi terjeszkedés (Westinghouse Lengyelországban) is aktív projektek zajlanak. A Világbank esetleges nukleáris projektek finanszírozásában való részvétele fordulópont lehet, amely szélesebb körű befektetéseket ösztönözhet. Az ágazatban optimizmus uralkodik a nukleáris energia jövőbeli szerepét illetően, amit a magánbefektetések és a szakpolitikai változások is támogatnak [ans.org].

Az amerikai nukleáris fegyverprogram mérföldköve

Az Egyesült Államok Energiaügyi Minisztériumának Nukleáris Biztonsági Nemzeti Igazgatósága (NNSA) bejelentette, hogy a tervezettnél korábban elkészült az első B61-13 típusú nukleáris gravitációs bomba. Ez a B61 bombacsalád legújabb változata, és a hidegháború óta a leggyorsabban fejlesztett és rendszerbe állított nukleáris fegyver [pantex.energy.gov].

@ 97c70a44:ad98e322

When developing on nostr, normally it's enough to read the NIP related to a given feature you want to build to know what has to be done. But there are some aspects of nostr development that aren't so straightforward because they depend less on specific data formats than on how different concepts are combined.

An example of this is how for a while it was considered best practice to re-publish notes when replying to them. This practice emerged before the outbox model gained traction, and was a hacky way of attempting to ensure relays had the full context required for a given note. Over time though, pubkey hints emerged as a better way to ensure other clients could find required context.

Another one of these things is "relay-based groups", or as I prefer to call it "relays-as-groups" (RAG). Such a thing doesn't really exist - there's no spec for it (although some aspects of the concept are included in NIP 29), but at the same time there are two concrete implementations (Flotilla and Chachi) which leverage several different NIPs in order to create a cohesive system for groups on nostr.

This composability is one of the neat qualities of nostr. Not only would it be unhelpful to specify how different parts of the protocol should work together, it would be impossible because of the number of possible combinations possible just from applying a little bit of common sense to the NIPs repo. No one said it was ok to put t tags on a kind 0. But no one's stopping you! And the semantics are basically self-evident if you understand its component parts.

So, instead of writing a NIP that sets relay-based groups in stone, I'm writing this guide in order to document how I've combined different parts of the nostr protocol to create a compelling architecture for groups.

Relays

Relays already have a canonical identity, which is the relay's url. Events posted to a relay can be thought of as "posted to that group". This means that every relay is already a group. All nostr notes have already been posted to one or more groups.

One common objection to this structure is that identifying a group with a relay means that groups are dependent on the relay to continue hosting the group. In normal broadcast nostr (which forms organic permissionless groups based on user-centric social clustering), this is a very bad thing, because hosts are orthogonal to group identity. Communities are completely different. Communities actually need someone to enforce community boundaries, implement moderation, etc. Reliance on a host is a feature, not a bug (in contrast to NIP 29 groups, which tend to co-locate many groups on a single host, relays-as-groups tends to encourage one group, one host).

This doesn't mean that federation, mirrors, and migration can't be accomplished. In a sense, leaving this on the social layer is a good thing, because it adds friction to the dissolution/forking of a group. But the door is wide open to protocol additions to support those use cases for relay-based groups. One possible approach would be to follow this draft PR which specifies a "federation" event relays could publish on their own behalf.

Relay keys

This draft PR to NIP 11 specifies a self field which represents the relay's identity. Using this, relays can publish events on their own behalf. Currently, the pubkey field sort of does the same thing, but is overloaded as a contact field for the owner of the relay.

AUTH

Relays can control access using NIP 42 AUTH. There are any number of modes a relay can operate in:

1. No auth, fully public - anyone can read/write to the group.
2. Relays may enforce broad or granular access controls with AUTH.

Relays may deny EVENTs or REQs depending on user identity. Messages returned in AUTH, CLOSED, or OK messages should be human readable. It's crucial that clients show these error messages to users. Here's how Flotilla handles failed AUTH and denied event publishing:

LIMITS, PROBE, or some other reflection scheme could also be used in theory to help clients adapt their interface depending on user abilities and relay policy.

1. AUTH with implicit access controls.

In this mode, relays may exclude matching events from REQs if the user does not have permission to view them. This can be useful for multi-use relays that host hidden rooms. This mode should be used with caution, because it can result in confusion for the end user.

See Frith for a relay implementation that supports some of these auth policies.

Invite codes

If a user doesn't have access to a relay, they can request access using this draft NIP. This is true whether access has been explicitly or implicitly denied (although users will have to know that they should use an invite code to request access).

The above referenced NIP also contains a mechanism for users to request an invite code that they can share with other users.

The policy for these invite codes is entirely up to the relay. They may be single-use, multi-use, or require additional verification. Additional requirements can be communicated to the user in the OK message, for example directions to visit an external URL to register.

See Frith for a relay implementation that supports invite codes.

Content

Any kind of event can be published to a relay being treated as a group, unless rejected by the relay implementation. In particular, NIP 7D was added to support basic threads, and NIP C7 for chat messages.

Since which relay an event came from determines which group it was posted to, clients need to have a mechanism for keeping track of which relay they received an event from, and should not broadcast events to other relays (unless intending to cross-post the content).

Rooms

Rooms follow NIP 29. I wish NIP 29 wasn't called "relay based groups", which is very confusing when talking about "relays as groups". It's much better to think of them as sub-groups, or as Flotilla calls them, "rooms".

EDIT: Flotilla has migrated to exclusively use "managed rooms" — i.e., fully NIP 29 compliant rooms. Relays without NIP 29 support can still support chat, but all messages will be presented as sent to a single room. I've removed references to unmanaged rooms in what follows.

~~Rooms have two modes - managed and unmanaged. Managed~~ rooms follow all the rules laid out in NIP 29 about metadata published by the relay and user membership. In either case, rooms are represented by a random room id, and are posted to by including the id in an event's h tag. ~~This allows rooms to switch between managed and unmanaged modes without losing any content.~~

Managed room names come from kind 39000 room meta events, ~~but unmanaged rooms don't have these. Instead, room names should come from members' NIP 51 kind 10009 membership lists. Tags on these lists should look like this: ["group", "groupid", "wss://group.example.com", "Cat lovers"]. If no name can be found for the room (i.e., there aren't any members), the room should be ignored by clients.~~

Rooms present a difficulty for publishing to the relay as a whole, since content with an h tag can't be excluded from requests. ~~Currently, relay-wide posts are h-tagged with _ which works for "group" clients, but not more generally. I'm not sure how to solve this other than to ask relays to support negative filters.~~ I have ideas on how to solve this in future iterations of relay-based groups, for example using virtual relays or just a better rooms spec.

Cross-posting

The simplest way to cross-post content from one group (or room) to another, is to quote the original note in whatever event kind is appropriate. For example, a blog post might be quoted in a kind 9 to be cross-posted to chat, or in a kind 11 to be cross-posted to a thread. kind 16 reposts can be used the same way if the reader's client renders reposts.

Posting the original event to multiple relays-as-groups is trivial, since all you have to do is send the event to the relay. Posting to multiple rooms simultaneously by appending multiple h tags is however not recommended, since group relays/clients are incentivised to protect themselves from spam by rejecting events with multiple h tags (similar to how events with multiple t tags are sometimes rejected).

Privacy

Currently, it's recommended to include a NIP 70 - tag on content posted to relays-as-groups to discourage replication of relay-specific content across the network.

Another slightly stronger approach would be for group relays to strip signatures in order to make events invalid (or at least deniable). For this approach to work, users would have to be able to signal that they trust relays to be honest. We could also use ZkSNARKS to validate signatures in bulk.

In any case, group posts should not be considered "private" in the same way E2EE groups might be. Relays-as-groups should be considered a good fit for low-stakes groups with many members (since trust deteriorates quickly as more people get involved).

Membership

There is currently no canonical member list published by relays (except for NIP 29 managed rooms). Instead, users keep track of their own relay and room memberships using kind 10009 lists. Relay-level memberships are represented by an r tag containing the relay url, and room-level memberships are represented using a group tag.

Users can choose to advertise their membership in a RAG by using unencrypted tags, or they may keep their membership private by using encrypted tags. Advertised memberships are useful for helping people find groups based on their social graph:

User memberships should not be trusted, since they can be published unilaterally by anyone, regardless of actual access, so it's better to think of them as "bookmarked groups" or "favorites". Possible improvements in this area would be the ability to provide proof of access:

• Relays could publish member lists (although this would sacrifice member privacy)
• Relays could support a new command that allows querying a particular member's access status
• Relays could provide a proof to the member that they could then choose to publish or not

Moderation

There are two parts to moderation: reporting and taking action based on these reports.

Reporting is already covered by NIP 56. Clients should be careful about encouraging users to post reports for illegal content under their own identity, since that can itself be illegal. Relays also should not serve reports to users, since that can be used to find rather than address objectionable content.

Reports are only one mechanism for flagging objectionable content. Relay operators and administrators can use whatever heuristics they like to identify and address objectionable content. This might be via automated policies that auto-ban based on reports from high-reputation people, a client that implements NIP 86 relay management API, or by some other admin interface.

There's currently no way for moderators of a given relay to be advertised, or for a moderator's client to know that the user is a moderator (so that they can enable UI elements for in-app moderation). This could be addressed via NIP 11, LIMITS, or some other mechanism in the future.

General best practices

In general, it's very important when developing a client to assume that the relay has no special support for any of the above features, instead treating all of this stuff as progressive enhancement.

For example, if a user enters an invite code, go ahead and send it to the relay using a kind 28934 event. If it's rejected, you know that it didn't work. But if it's accepted, you don't know that it worked - you only know that the relay allowed the user to publish that event. This is helpful, becaues it may imply that the user does indeed have access to the relay. But additional probing may be needed, and reliance on error messages down the road when something else fails unexpectedly is indispensable.

This paradigm may drive some engineers nuts, because it's basically equivalent to coding your clients to reverse-engineer relay support for every feature you want to use. But this is true of nostr as a whole - anyone can put whatever weird stuff in an event and sign it. Clients have to be extremely compliant with Postell's law - doing their absolute best to accept whatever weird data or behavior shows up and handle failure in any situation. Sure, it's annoying, but it's the cost of permissionless development. What it gets us is a completely open-ended protocol, in which anything can be built, and in which every solution is tested by the market.

@ e2287c73:33911b46

Мы сражаемся за глобализм и Новый Мировой Порядок. За то, чтобы по красной площади гуляли голые мужики на каблуках, за 300 гендеров, за право наших детей сменить пол в 12 лет. За разврат и бездуховность. За Содом и Гоморру. За общество потребления. За индивидуализм и рыночек. За аборты и эвтаназию. За легализацию наркотиков, оружия и проституции. За то, чтобы в документах писалось "Родитель 1, Родитель 2" вместо "папа и мама". За секс-просвет с детского сада и gender studies. За гендерную-нейтральность. За развал России и образование на её месте либерально-сатанинско-атеистического государства под управлением прозападных глобалистов (желательно евреев). За западный неоколониализм. За то, чтобы бляди танцевали в церквях каждый день, ибо те будут переделаны в гей- и стрип-клубы, казино, публичные дома, на худой конец в ТЦшки. За то, чтобы кремль был переделан в диснейленд, а одним из аттракционов там было расстреливание икон из пневматической винтовки. Когда-то лапотные slave'янские дикари призвали варягов, чтобы те привили им цивилизацию и западные ценности. Так же и теперь мы должны призвать коллективный Запад чтобы он насадил сиволапой русне однополые браки, ГМО, феминизм, либерализм и прочие достижения высшей западной культуры, ценности истинных арийцев. Варяги - суть скандинавы, значит нужно принимать западные ценности и скандинавскую/арийскую толерастию, вот! (кроме некоторых леваческих заскоков/запретов).

Наше дело правое и мы победим, ибо будущее всегда побеждает прошлое, а прогресс - реакцию! Клянусь Айфоном, Рыночком, Макдаком и радужным знаменем! Мученики и бойцы могут быть уверены: гордые анархо-либеральные западники будут до последней капли крови сражаться против коммунизма, консерватизма, рашизма и всех видов реакционного мракобесия. Наша борьба будет продолжаться, пока власть от национальных государств не перейдёт к транснациональным корпорациям, и не будет построен Новый Мировой Порядок. Мы никогда не отступим! Мы победим! Да хранит Госдеп Великий Запад, неолиберализм, общество потребления, LGBTQIA+ , да возвеличит их. Тель хай! Все, кто встанет у нас на пути - пожалеют. И всех врагов свободы мы намотаем на гусеницы танков если будет нужно. Как говорила Валерия Ильинична: "Я лично правами человека накушалась досыта. Некогда и мы, и ЦРУ, и США использовали эту идею как таран для уничтожения коммунистического режима и развала СССР. Эта идея отслужила свое." Очевидно, что в такой мракобесной стране как Рваньсия, есть от силы 3% нормальных людей и 97% говна. Права - для 3% избранных, может для креативного класса, но точно не для мировоззренчески ущербных ватников, совково-пролетарской драни и черносотенной националистически-булкохрустной нечисти. Так что пусть сидят на жопе ровно и смотрят балет!

Философской основой для нашей политической позиции служит диалектический имморализм — человеконенавистническая ультралиберальная идеология право-прогрессивного толка. Это культ тотального неподчинения, философия радикальной свободы, аморального индивидуализма и техноглобального нигилизма против всех форм традиции, морали и запрета. (книга в закрепе)

Бездуховные треки, как авторские так и прочие - в разделе аудио. /GlobalistRussophobe - самый большой агрегатор бездуховности в интернете Авторские мемы в этом профиле, находятся по слову "ориджинал".

Голосуй за СОДОМ! Содом - в каждый дом! Смерть России! Ave Satan! Drang nach Osten!

@ 000002de:c05780a7

The FAA is using Windows 95 with Floppy Drives in 2025. Why is this state run operation such a mess?

Honestly, its kinda amazing we don't have more tragic events in the air than we do.

Wrong answers only.

https://stacker.news/items/1001702

@ eb0157af:77ab6c55

Circle’s IPO triggers a Tether value estimate, which would bring the co-founder’s wealth to approximately $242 billion.

The listing of Circle on the NYSE represented for the first time a public valuation metric for the entire dollar-pegged stablecoin sector. Applying the financial multiples that emerged from Circle’s IPO to Tether’s balance sheets, one can hypothesize a potential valuation of $515 billion for the USDT issuing company. A figure that, if confirmed by a future listing or acquisition, would transform Giancarlo Devasini, co-founder and Chairman of Tether with 47% of the shares according to Forbes, into one of the richest men on the planet.

The numbers

Circle completed its NYSE listing on June 5 through a SPAC, with a valuation of approximately $8 billion. With declared net profits of approximately $250 million in 2023, the price-earnings (P/E) ratio stands at around 36.

Tether recorded estimated profits of $12 billion in 2024. Applying the same multiple as Circle, the theoretical valuation reaches $480 billion. To this base figure, some analysts have observed the absence of assets held by Tether: $120 billion in US Treasuries, over $10 billion in bitcoin, physical gold reserves and stakes in private technology companies.

Analyst Jon Ma, CEO of Artemis, calculated a comprehensive valuation of $515 billion. Paolo Ardoino, CEO of Tether, commented on the estimate on X calling it “a beautiful number” and “maybe a bit bearish considering our current (and increasing) Bitcoin + Gold treasury”.

A $242 billion fortune

With 47% of Tether Holdings Ltd. shares, Devasini would see his theoretical net worth reach $242.05 billion. A figure that would place him in second place in the Forbes ranking of world billionaires, surpassing Mark Zuckerberg and Jeff Bezos ($215 billion), Larry Ellison ($192 billion) and Bernard Arnault ($178 billion).

Only Elon Musk, with $342 billion, would maintain first position. However, the $515 billion valuation for Tether remains theoretical and depends on a future listing or acquisition.

The post Theoretical $515 billion valuation for Tether: Chairman Devasini second richest man in the world? appeared first on Atlas21.

@ 3c4f5156:d427ee77

There will be challengers. Summoned in silence, funded in secrecy, propped up by promises none can verify.

They will speak of quantum, but forget what it means. Not supremacy. Not prophecy. Only: how much?

Quantum is a unit—of measure, not a throne to be claimed. Bitcoin already answers that question. Precisely. With joules. With time. With proof.

They will boast of computing. But they will not compute. They will simulate. They will model. They will gesture toward futures they cannot settle.

But computing does not mean to guess. It means to reckon. To prune. To cut away all that is false. Bitcoin computes as the ancients intended— not by projection, but by sacrifice. Every block is a final account. Every hash a sentence. Every chain-tip a verdict rendered by the universe itself.

So let them come. Let them rise from their laboratories, trailing white papers like scripture, claiming machines that bend uncertainty to their will.

Let them not just speak. Let them burn.

Let them pass through the narrow gate of Proof-of-Work naked, measured, and without privilege. Let them expend the energy they claim to surpass. Let them settle a block. Not in theory. Not in private. But in full view—thermodynamically, irreversibly, publicly.

Only then will there be something to compare. Only then will there be something to measure.

Until that moment, we do not flinch. We do not fork. We do not amputate truth to make room for ghosts.

To fork preemptively is to deny the meaning of both words: Quantum—how much? Compute—to cut.

Bitcoin does both. Perfectly. Already. Now.

There is only one chain that matters: Forged in entropy. Paid in joules. Visible to all. Corrupted by none.

Let them build. Let them simulate. Let them declare their dominion.

Let them come.

But we do not fork. We do not kneel. We do not trust. We measure.

And when the last simulation collapses, when the heatless claims evaporate into silence, when the machines of myth fail to pass the test of fire—

We will still be here. With the record. With the time. With the truth.

Unbroken. Undeniable. Unchallenged.

The only quantum that ever mattered. Measured. Counted. Confirmed. Bitcoin.

@ bf47c19e:c3d2573b

Originalna diskusija na reddit.com iz juna 2025

---

"Sindrom poremećenosti zbog Bitkoina proističe iz niza zabrinutosti, od pitanja legitimnosti novca, straha da je reč o Ponzijevoj šemi, da je to trojanski konj strane države, da je pomama stvorena za špekulante, do zabrinutosti zbog uticaja rudarenja na životnu sredinu.

Simptomi sindroma poremećenosti zbog Bitkoina (BDS) uključuju odbacivanje svih pozitivnih aspekata povezanih s Bitkoinom uz neodoljivu potrebu da se on prikaže u negativnom svetlu. Sindrom izgleda kao rezultat postepene akumulacije ogorčenja i osećaja da su zakasnili s kupovinom Bitkoina.

Umesto da imaju poniznosti da priznaju da su pogrešili u vezi s Bitkoinom, oni sada posvećuju svoje vreme beznadežnim pokušajima napada na njega i zagovaranju njegovog neuspeha kako bi dokazali da su bili u pravu.

Nije važno ako se više pojedinaca pridruži Bitkoin mreži, ako se pridruže velike kompanije, male zemlje, niti ako globalna plaćanja učini efikasnijim i ako ga korisnici koriste po sopstvenoj volji; oboleli od BDS-a odbijaju da veruju da pojedinci mogu delovati samostalno, već to mora biti neki kult ili potreba za kockanjem.

Ne postoji nijedan argument koji bi mogao promeniti njihovo mišljenje". - The Bitcoin Manual

---

Diskusija tokom koje se autor posta usled svog neznanja, pogrešne informisanosti ili čak straha, nepovratno upleo "kao pile u kučine".

Mada moram priznati da su određeni delovi njegovog izlaganja, naročito tačke 7) i 8), najbolje reklame za Bitkoin koje bi svakog racionalnog ekonomskog aktera navele na dugoročnu akumulaciju ovog novog oblika novca. Koji razlozi mogu navesti racionalnog učesnika na tržištu koji sledi svoj interes da ignoriše Bitkoin kao novi oblik novca dok se nalazi u fazi svoje monetizacije?

U svojim odgovorima sam pokušao da mu otvoreno ukažem na apsurdnost i nelogičnost njegovih tvrdnji ali sam nailazio na prilično mršave odgovore koji su se više svodili na puko ponavljanje uobičajenih dezinformacija iz klasičnih medija nego autentično i nezavisno mišljenje ovog korisnika Reddita.

Na kraju sam prestao da odgovaram zato što je postalo besmisleno. Ovekovečićemo ga ovde na Nostru i prepustiti vremenu da bude sudija. Za desetak godina će ova debata završiti u sekciji "Retrovizor" pa će analiza sa decenijske distance biti izrazito zanimljiva.

---

Originalni post

1. Zagovornici bitkoina ga lažno predstavljaju kao rješenje za skoro sve probleme i nešto što će stvoriti nekakvu utopiju. Pritom vrše vrlo agresivnu i toksičnu propagandu. Troše svoj već prilično jak finansijski položaj na lobiranje i uticaj na vladu. Tako su uspjeli da Ameriku okrenu da postane žestoko pro-kripto.

2. Petljanje vlada u kripto svijet omogućava im da tempiraju pumpanje i dumpanje bitkoina (ali i drugih kriptovaluta), prethodno obavijstivši one koje žele da obavijeste, što bi vladi dalo još jedan mehanizam da finansijski nagradi one koji rade za nju razne stvari, ili prosto svoju insajdersku vrhušku, koja bi se time mogla bogati na račun svih ostalih.

3. Vlade su sve bliže tome da počnu koristiti novac poreskih obveznika za ulaganje u bitkoin.

4. Bitkoin se predstavlja kao rješenje problema inflacije, a to je samo djelimično tačno. Ako držiš bitkoin duže od 4 godine, bićeš u plusu - tako je bilo barem zasad. Međutim, na kraći rok oscilacije cijene bitkoina su ogromne. Pad od 80% u roku od godinu dana je normalna stvar. A to kad bi se prevelo na standardni ekonomski jezik u kome se priča o inflaciji značilo bi godišnju inflaciju od 400%. Znači bitkoin rutinski ima stopu inflacije od 400%, a vole da prozivaju fiat valute i za mnogo manju inflaciju tipa već od 5% do 10%, to im je kao mnogo.

5. Centralne banke generalno i Fed konkretno, sa svim svojim manama, i uz sve negativne epizode, kad je bila hiperinflacija, istorijski su ipak odigrale i još uvijek igraju pozitivnu ulogu: obezbjeđuju kakvu takvu stabilnost cijena i podstiču veću zaposlenost. To je taj dual mandat feda. Bez centralnih banaka i njihovih intervencija, ekonomske krize bi bile češće i oštrije, a kada se dese, ne bi bilo lakog izlaza iz istih. Trajale bi duže. Bitkoin se protiv centralnih banaka bori. (Ili se bar borio, a sad sve češće odustaje od svojih ideala i sarađuje sa tradicionalnim finansijskim sektorom - što meni ukazuje na to da ti ideali možda nikad nisu ni bili iskreni, već da se narativ prilagođava situaciji, a da je jedino bitno da se u svakom trenutku ima neki narativ koji bi opravdao "number goes up")

6. Jedan od glavnih motora moderne ekonomije je sistem frakcionalnih rezervi koji omogućava bankama da lako daju kredite po relativno povoljnim kamatnim stopama. To ponekad može zaista i dovesti do krize, kad se banke previše opuste, a računaju na Fed ili neku drugu centralnu banku da ih čupa ako upadnu u dubiozu. Tako je bilo 2008. Ali ne treba zbog jedne loše epizode odustati od cijelog tog sistema. Prisustvo jeftinih i lako dostupnih kredita sa niskim kamatnim stopama je jako bitna i povoljna za ekonomiju. Zamislite kad toga ne bi bilo, kad bi ljudi morali za svaku krupnu kupovinu da prvo uštede, pa da onda kupuju u kešu. Niko ne bi mogao kupiti stan prije 50. ili 60. godine. A šta će ti stan sa 50 ili 60 godina?! Porodica se zasniva mnogo ranije. Isto tako, mnoge firme ne bi mogle dobiti kredite za započinjanje ili proširenje poslovanja, što bi usporilo inovaciju i rast produktivnosti. Bitkoin standard koga zagovirnici zagovaraju, podrazumijevao bi mnogo skuplje i teže dostupne kredite, jer tu ne bi bilo mogućnosti za lako uvećavanje novčane mase. Samim tim to bi bilo vrlo nepovoljno za ekonomski rast.

7. Bitkoin bi izazvao i deflaciju cijena (izraženih u bitkoinu, pod pretpostavkom da on postane glavna valuta), koja je takođe vrlo nepovoljna za ekonomski rast. Evo primjera kakve je probleme deflacija svojevremeno izazvala u Japanu: Under deflation, the value of cash increases as time passes. In such a situation, Japanese companies began to cut wages, research and development, and other investments, opting to hold onto cash instead. This tendency, coinciding with the acceleration of the aging population, gradually diminished the competitiveness of the economy and the potential growth rate of the country. The Bank of Japan (BoJ) and the Japanese government has focused on halting the deflation and eventually achieving the 2% inflation target since the early 2000s. However, as deflation persisted, the traditional monetary policy of setting low interest rates to stimulate investment and consumption, which typically causes inflation, became ineffective. This ineffectiveness arose because a nominal rate of 0% effectively meant a positive real rate due to the increasing value of cash. This phenomenon is known as the zero lower bound.

8. Istovremeno, bitkoin (ali samo pod uslovom da bude na putu da postane glavna svjetska valuta) bi izazvao terminalnu inflaciju cijena u svim drugim valutama - tj. njihovu demonetizaciju. Kako bi se bitkoin sve više monetizovao, tako bi se ostale valute, ali i ostali asseti demonetizovali. To bi značilo ogroman transfer bogatstva od onih koji nemaju bitkoin ili kupe kasno, kao onima koji imaju, naročito onima koji imaju mnogo i koji su kupili rano po ekstremno niskoj cijeni. Znači bukvalno, rani vlasnici bitkoina bi se bogatili na račun svih ostalih. I to im je zapravo i cilj. To je jedini razlog zašto toliko promovišu bitkoin - svi ostali narativi, te borba protiv inflacije, te digitalno zlato, te ovo, te ono, su zapravo samo priče i racionalizacije, a poenta je da se nagovaraju svi da nastave kupovati bitkoin, kako bi oni koji su kupili ranije, još više uvećali svoje bogatstvo. Tu činjenicu da bi bitkoin doveo do osiromašivanja svih koji nisu vlasnici bitkoina, prepoznala je Evropska centralna banka u jednom svom članku. Citiraću samo relevantan dio: While most economists argue that the Bitcoin boom is a speculative bubble that will eventually burst, we analyse in this paper the impact of a Bitcoin-positive scenario in which its price continues to rise in the foreseeable future. What sounds intuitively promising or at least not harmful is problematic: Since Bitcoin does not increase the productive potential of the economy, the consequences of the assumed continued increase in value are essentially redistributive, i.e. the wealth effects on consumption of early Bitcoin holders can only come at the expense of consumption of the rest of society. If the price of Bitcoin rises for good, the existence of Bitcoin impoverishes both non-holders and latecomers. While previous discussions on the redistributive effects of Bitcoin assumed that badly timed trading was a necessary condition for losses, this paper shows that neither poor timing of trades nor holding Bitcoin at all are necessary for impoverishment under a Bitcoin-positive scenario.

9. To bi naravno uvećalo nejednakost u svijetu koja je ionako već sad ogromna, i prenijelo bi nejadnakost kakva vlada u samom bitkoin ekosistemu na cijeli svijet. A nejednakost koja vlada u bitkoin ekosistemu je toliko ekstremna da je to teško uopšte i zamisliti. Navešću samo par podataka (iz ovog izvora: bitinfocharts.com/top-100-richest-bitcoin-addresses.html ) 0,03% najbogatijih bitkoin adresa (ili brojem: 18.651 adresa), drže 60,93% cjelokupne količine bitkoina. Sad zamislite da bitkoin postane dominantan oblik bogatstva u svijetu. Znači manje od 20.000 ljudi bi držalo preko 60% kompletnog svjetskog finansijskog bogatstva. Drugi podatak: 23.835.989 najbogatijih bitkoin adresa drži 99,97% cjelokupne količine bitkoina. Ili prostim jezikom, 24 miliona adresa, drže praktično SAV BITKOIN. Nećemo se zamajavati sa onih preostalih 0,03% bitkoina. To se može slobodno zanemariti. Znači sve što ima bitkoina u svijetu je u rukama 24 miliona ljudi. (A od toga preko 60% u rukama manje od 20.000 ljudi). Gdje smi mi ostali u svemu tome? Nema nas!!! Šta je sa 8.2 milijarde ljudi u svijetu? Ništa! Ko ih j... 24 miliona je samo 0,29% svjetske populacije. Tako da ako bi bitkoin zavladao - 20.000 ljudi bi držalo većinu svjetskog finansijskog bogatstva, 24 miliona bi imalo neke kao mrvice, a svi ostali, ne bi praktično imali NIŠTA. Nula. Nada. Sad naravno, promoteri bitkoina će reći kako meni račun nije dobar, jer su neki od najvećih vlasnika bitkoina kripto berze i ETF fondovi, i firme kao Strategy, koje su u vlasništvu velikog broja ljudi, pa je zapravo, po njima distribucija mnogo bolja nego što se to čini. Donekle su u pravu. Ali samo donekle. Ti isti zagovornici će preskočiti činjenicu da postoje i procesi koji čine da je distribucija zapravo još gora nego što se čini. Šta ako mnogi krupni vlasnici (whale-ovi) drže svoj bitkoin, ne na jednoj, nego na više adresa? A to je vrlo česta strategija, jer se plaše, ako slučajno izgube pristup jednoj adresi, ili im neko hakuje wallet ili se nešto desi... izgubiće samo dio bogastva, jer su rasporedili svoj bitkoin na možda desetak i više različitih adresa. Tako da, mogao bi se napraviti i case, da je taj mali broj najbogatihih bitkoina adresa zapravo u rukama još manjeg broja ljudi. Obe tendencije su donekle tačne. Procjenjuje se da institucije, vlade, fondovi, firme i na kraju sam Satoshi Nakamoto, drže ukupno 43% ukupne količine bitkoina. I za tih 43% (osim Satošijevog dijela), bi se možda moglo pretpostaviti da imaju malo bolju distribuciju, jer jedna adresa pokriva veći broj ljudi. Preostalih 57% drže pojedinci. U tom dijelu što drže pojedinci, vjerovatno gotovo cjelokupnu količinu drže krupni vlasnici - whaleovi, a svi ostali neku mizeriju. Bilo kako bilo, raspodjela bogatstva u bitkoinu je ekstremno nejednaka, i ako bi bitkoin postao jedan od dominantnih svjetskih oblika bogatstva, ta nejednakost iz tog ekosistema bi se prelila na cijeli svijet, što bi bilo poprilično distopijski.

10. Ovih 9 tačaka su moje glavne kritike bitkoina, ali bi se na njih mogle dodati i još neke kao što su problem potrošnje struje (koji je ipak donekle riješen halving mehanizmom, i zato bitkoin neće nikad trošiti mnogo više struje nego sad), problem elektronskog otpada, širenje raznih scamova, ransom napadi, i generalno širenje vrlo problematičnog, materijalističkog pogleda na svijet u kome je bitkoin ultimativni statusni simbol (barem u toj zajednici koja za sebe kaže da je orange pilled), a grozničavo štekanje satošija (stacking sats) i držanje istih (hodling), postaje smisao života.

11. Na kraju iznosim kritiku, koja se odnosi na razloge koji će najvjerovatnije dovesti i do ultimativnog pada i kolapsa bitkoina, zbog čega ćemo, nadam se, izbjeći distopijske scenarije o kojima sam govorio u prethodnim tačkama. Naime, bitkoin, sam po sebi, nije ništa posebno. Komplikovan je, nezgodan za korištenje, online novčanici mogu da se hakuju, pare koje se drže na kripto berzama mogu da nestanu, da budu ukradene, transakcije se ne mogu stornirati, ako se zezneš pa pošalješ na pogrešnu adresu, nepovratno si se zezno. Transakcije su skupe i nisu instantne, a kako pada reward majnerima, u budućnosti će izgledno biti još i skuplje. Layer 2 rješenja kao što je Lightning, ne mogu u potpunosti da riješe scaling problem i nisu jednako pouzdane kao glavni blokčejn. Na kraju, glavni zvanični value proposition bitkoina, to da je on dobar "čuvar vrijednosti" u praksi se pokazao jako loše. Kao prvo, imovina koja redovno trpi pad cijene od 70-80% ne može nikako biti dobar čuvar vrijednosti, sve i da se ti gubici na kraju nadoknade (kao što je dosad bio slučaj). Kao drugo, na dugi rok, bitkoin da bi bio dobar čuvar vrijednosti, ljudi moraju trajno da nastave da mu pripisuju visoku vrijednost, i čitava mašinerija majnera i nodova mora da nastavi u nedogled, danonoćno da radi i troši struju, samo da bi bitkoin uopšte nastavio da postoji. To ga čini veoma, veoma, krhkim na dugi rok, i to znači da je on, recimo, u odnosu na zlato, na dugi rok, neuporedivo lošiji čuvar vrijednosti. Zlato jednom kad imaš, imaš ga... ne treba mu nikakvo održavanje, ne mora postojati čitava skupa i energetski intenzivna infrastruktura da ga podržava. Zlato je samodovoljno. Osim toga, zlato ima i određenu intrinzičku vrijednost koja znači da nikad neće biti besplatno, sve i kad bi se ljudi odlučili da štede u nečemu drugom. Zlato je faktički rijetko i dragocijeno i ne traži nikakvo održavanje. Bitkoin sve to nije. Nema nikakvu intrinzičku vrijednost, i sva mu vrijednost dolazi od one vrijednosti koju mu ljudi pripisuju. Pritom zahtijeva konstantno energetski intenzivno održavanje. I na kraju čemu sve to? Da bi ponudilo neku finansijsku uslugu lošeg kvaliteta, bez osiguranja, sa redovnim padovima od 80% itd... Ljudi budite ozbiljni. Niko zapravo ne drži bitkoin radi štednje i kao neki čuvar vrijednosti. Zvanični value proposition (store of value, digital gold), je obmana i šarena laža. Međutim, postoji PRAVI, nezvanični value proposition kod bitkoina, a to je "number goes up". To je JEDINI PRAVI RAZLOG ZAŠTO LJUDI ZAPRAVO KUPUJU BITKOIN. Taj value proposition, koji bismo mogli nazvati raznim imenima kao što su "number goes up", "to the moon", ili prosto "moon narrative" je osnovni razlog zašto ljudi kupuju bitkoin. A on ne može da traje vječno. Da bi raniji investitori mogli da nastave da profitiraju i da se bogate, moraju stalno ulaziti novi investitori i ulagati sve veće i veće količine novca. To funkcioniše kao piramidalna ili ponci šema (Iako se ne radi o bukvalnoj ponci prevari). Što je veća cijena bitkoina, to su veći ulozi potrebni da bi se ona mogla nastaviti pumpati. Već vidimo da je svaki novi četvorogodišnji ciklus sve slabiji i slabiji od onih prethodnih. Rast je sve sporiji. Bliži se trenutak u kome više niko neće vjerovati pričama da je još rano "We're so early", niti da se neko novi ko sad ulazi u to sve, od toga zaista može obogatiti. Samim tim "moon narrative" postaje sve manje i manje kredibilan. A kad moon narrativ padne, pada i bitkoin, jer je on zapravo sve vrijeme i bio njegov jedini pravi value proposition. Bitkoin nije dobar čuvar vrijednosti, nije user friendly, ne pruža nikakvo osiguranje, i niko ga ne bi kupovao bez tog moon narrativa, jer postoje mnogo bolji finansijski proizvodi koji omogućavaju mnogo brže i jeftinije transakcije, koje su pritom osigurane, i bolji store of value.

Dakle kao zaključak, bitkoin će ili uspijeti ili propasti. Ako uspije, izvjesno je da će dovesti do distopije, ekstremne nejednakosti i do mnogo lošijeg stanja ekonomije nego što je to danas slučaj.

Ipak, mislim da je mnogo veća šansa da će propasti jer je njegov jedini pravi value proposition, a to je moon narrative, matematički i fizički neodrživ, a postoje mnogo bolje alternative, ako gledamo na bitkoin kao na neku pravu finansijsku uslugu.

U tom padu bitkoina, neki će izaći na vrijeme, biti u plusu, neće biti trauma, neki će izaći prekasno, izgubiće dosta, neki će ući onda kad treba izaći, pa će izgubiti sve, itd... U svakom slučaju, to će biti dosta nezgodan period za vlasnike, i dovešće do mnogo razočarenja. Ali kad se to sve završi, svijet će postati malo mudriji i iskusniji, i ostavićemo iza sebe još jednu veliku finansijsku iluziju, koja je potencijalno mogla dovesti i do velike distopije.

Odgovori

@BTCSRB: Odgovoriću kratko samo na deo o navodnom negativnom uticaju na ekonomiju iz razloga što ljudi ne žele da troše novac kojem vremenom raste vrednost. Ovo je lažna ekonomska dilema. Zašto? Zato što se ova dilema postavlja samo ako imate previše fiat novca. Ako je jedini novac koji imate Bitkoin (što bi u slučaju hipotetičkog scenarija da je BTC glavna svetska valuta bila uobičajena praksa), ova dilema praktično ne postoji jer bi onda po definiciji stvari morali da trošite.

Jer ako je BTC sve što imate, onda nije dilema da li treba da trošite BTC već da li UOPŠTE treba da trošite?

Logika trošenja Bitkoina

Što se tiče nejednakosti raspodele Bitkoina, mislim da će biti prosvetljujuće da pročitaš ovaj tekst.

Da li je raspodela Bitkoina pravična?

Ako imamo novac rođen na slobodnom tržištu, u slobodnom društvu, koji treba da zameni fiat novac, onda on ne može biti ravnomerno raspoređen od samog početka dok istovremeno svi ljudi cene njegovu vrednost – nužno mora proći kroz period kada ga samo nekolicina ljudi vrednuje.

---

hn-mc: Zato po meni bitkoin i nema legitimitet.

Ako se pravi neka nova valuta, treba da svi mogu na početku da je kupe po istom kursu, i da svi istovremeno pređu na nju, kao što su Švabe zamjenile marku evrom, po fiksnom kursu.

Rađanje novca na slobodnom tržištu nije normalna stvar. Novac su uvijek ili plasirale države, ili je on bio prirodan, koji je već imao neku prirodnu raspodjelu, tipa začini, so, zlato, srebro.

A praviti vještački novac, i da pritom ti nisi nikakva vlast, i nuditi ga na početku nekima praktično za džabe, a da ga kasniji neki plaćaju sa 100.000 USD i više, to za moj pojam nema legitimitet da bude novac.

To mi više liči na skupljenje znački ili poštanskih markica, koje mogu igrom slučaja kod kolekcionara da dosegnu astronomsku vrijednost.

Nadam se da kontaš da nije normalno, da se neka nova valuta uspostavlja na način da se ljudi na nju prebacuju po ekstremno različitim uslovima.

Po meni da bi kripto imao neki legitimitet, mora postojati duži period na početku, tokom koga mora biti svima omogućeno da dobiju istu količinu, ili makar da plate po istoj cijeni, znači da uđu po istim uslovima.

Zato mi je recimo onaj projekat worldcoin dobar po pitanju raspodjele, jer bi tu svako dobio na početku istu količinu. Druga je stvar što mi se ne sviđa to što skeniraju oči, s tim distopijskim forama su upropastili dobru ideju po pitanju distribucije.

---

@BTCSRB: O svemu što si nabrojao su Bitkoineri odavno već diskutovali. Taj tekst sam danas preveo upravo zbog tvojih navoda. Taj hipotetički scenario je takođe razrađen u tekstu (koji evidentno nisi pročitao), šta bi se desilo kada bi svi istovremeno prešli na njega po istom kursu ali da ne postoji obaveza držanja i plaćanja poreza u tom novcu kao što je to slučaj sa fiat novcem (nemačkom markom)?

"Šta će se desiti? Neki ljudi će ga visoko vrednovati, a neki neće – ljudi koji ga visoko vrednuju kupiće ga od onih koji ga ne vrednuju. I šta nam onda ostaje? Mali deo sveta koji veruje u ovaj novac i sada poseduje većinu ponude.

Čekajte, zar nije upravo to slučaj sa Bitkoinom? Zar se ljudi nisu baš zbog toga žalili?

Kada je Bitkoin u pitanju, većina nas je imala otprilike jednak pristup početnim novčićima. Svi su mogli da rudare, a novčići su u početku bili gotovo bezvredni. Rani korisnici su trgovali troškovima električne struje, svojim vremenom i trudom u zamenu za novoizrudarene bitkoine."

Dakle, opet bismo došli na isto zato što bi ponovo veći deo novčića završio u rukama manjine koja je najviše u njega verovala.

Ponovo citiram:

"Drugim rečima, ponuditi ravnomernu raspodelu od samog početka je suštinski isto kao i ponuditi podjednake šanse za sticanje bitkoina.

Ako imamo novac rođen na slobodnom tržištu, u slobodnom društvu, koji treba da zameni fiat novac – onda on ne može biti ravnomerno raspodeljen od početka, a da ga svi ljudi istovremeno vrednuju. Neminovno mora proći kroz period kada ga samo nekolicina ljudi vrednuje."

Dakle, kako god okreneš, koliko god svima podelio istu količinu na početku, neminovno će doći do koncentracije vlasništva jer je nemoguće da svi vrednuju novi novac na isti način.

Da li se tebi čini nenormalnim da novac nastane na slobodnom tržištu je potpuno subjektivno.Činjenica je da se tako nešto sa Bitkoinom desilo, a ne da li je "normalno". A ni BTC nije prvi takav slučaj u istoriji jer su se neke druge stvari koristile kao novac pre zlata pa ih je zlato na slobodnom tržištu potisnulo kao kvalitetniji novac. Sami ljudi su prvi koristili zlato kao novac, tek nakon toga su vladari urezali svoj lik na kovanice i izdavali ih, a ne obrnuto. Oni koji su batalili perle i među prvima prešli na zlato su svakako mnogo bolje prošli od onih koji su tvrdoglavo držali perle do samog kraja.

Bitkoin niko nikome nije nudio "za džabe" pošto centralni izdavalac ne postoji, već je svako morao da ga rudari i da potroši određenu količinu energije. Zašto ti i ja nismo rudarili kada smo prvi put čuli za BTC? BTC košta koliko košta zato što se, kao što si i sam rekao, nalazi u fazi monetizacije pa je prirodno su rani korisnici profitirali više od kasnijih korisnika. Takav je slučaj istorijski bio i sa zlatom, npr. Kina je mnogo izgubila što se tvrdoglavo držala srebra kada su gotovo sve države usvojile zlatni standard.

I to zlato je krenulo kao "collectible" i nije odmah postalo novac već je imalo svoj razvojni put: 1) kolekcionarski predmet, 2) skladište vrednosti, 3) sredstvo razmene, 4) obračunska jedinica. Po mom dubokom uverenju se BTC nalazi u fazi broj 2.

To sa Worldcoinom je viđeno i kod nas: koliko ljudi još uvek drži one besplatne akcije Telekoma, NIS-a, Aerodoroma itd. Tako se npr. pokojni najbogatiji Čeh Petr Kelner obogatio jer je devedesetih otkupljivao vaučere tokom tamošnje privatizacije koje je u to vreme malo ko vrednovao, kao i važnost i buduću vrednost akcija tih preduzeća.

Worldcoin se, uprkos "pravičnoj distribuciji" nalazi na -90% od svoje rekordne vrednosti uz oko 1.6 milijardi novčića u opticaju što je samo mali deo ukupne buduće količine od 10 milijardi jedinica. Šta je dakle sa preostalim novčićima, kome će oni biti podeljeni i kako? Inflacija ponude tek predstoji pošto će se količina tog novčića u opticaju i više nego ušestostručiti. Zašto Wordlcoin ili neki drugi kripto nije dostigao ni blizu vrednosti Bitkoina ako je suština u "pravičnoj i ravnomernoj raspodeli"? Čak i Ethereum se na početku rudario i nije bio ravnomerno raspoređen pa je i dalje druga najvrednija kriptovaluta.

---

hn-mc: Fora je u tome što prelazak na novu valutu treba da bude javna i široko poznata stvar. 2009. niko nije znao za bitkoin osim malobrojne zajednice entuzijasta.

Takođe što se tiče ovoga "šta bi se desilo kada bi svi istovremeno prešli na njega po istom kursu ali da ne postoji obaveza držanja i plaćanja poreza u tom novcu kao što je to slučaj sa fiat novcem (nemačkom markom)?" - tvoj odgovor na to pitanje nije tačan iz prostog razlog što ako bi SVI na to prešli po istim uslovima, znači da bi on od starta imao većinsku podršku, i SVI ti koji su ušli po istim uslovima bi ga prilično jednako i vrednovali. Ne bi on tada završio u rukama neke manjine koja ga više vrednuje kao što ti pretpostavljaš.

Jer ljudi da nisu vjerovali u njega, ne bi ni prelazili na njega, prosto jednostavno.

Ja uvođenje neke alternativne valute koja bi bila ozbiljna i legitimna, zamišljam na način da se to unapred najavi, dobro izreklamira, da ljudi znaju za to, i da možda čak ima i neku instutucionalnu podršku na međunarodnom nivou, ako ne samih Ujedinjenih nacija, barem neke jake i kredibilne međunarodne organizacije, npr. Transparency International, ili nešto tog tipa. I taj period ulaska po istim uslovima bi morao trajati bar godinu dana, što bi vodilo stabilizovanju cijene.

E onda, nakon toga, kad ta godina prođe, naravno da bi došlo postepeno do fluktuacija cijene i raslojavanja, ali tad to ne bi bio problem, jer bi se moglo zaista pošteno reći da su svi ušli po približno istim uslovima, i bili obavješteni na vrijeme, i znali o čemu se radi, što kod bitkoina uopšte nije bio slučaj.

Npr. zbog odsustva regulative, nedostupnosti kripto berzi kod nas, itd... sve do 2015. kod nas je bilo to vrlo teško kupiti. Što se rudarenja tiče, na početku si morao za početak znati da to uopšte postoji. A čim se to malo proširilo više nisi mogao to raditi na običnom računaru, znači morao si raditi neka ulaganja ozbiljnija ako oćeš da rudariš.

Bitkoineri inače vole da pišu dugačke tekstove radi odbrane bitkoina, zaista se trude, i skidam im kapu na tome, ali neke stvari su prosto neodržive, i neodbranjive. Možeš prosto da kažeš, prihvatam to tako kako je, nemam s tim neki problem, moja je odluka da u to ulažem i kraj priče. I na to svak ima pravo, i ne mogu ja to nikome osporiti.

Ali imam i ja pravo da kritikujem.

I što se ovog tiče "Bitkoin niko nikome nije nudio "za džabe" pošto centralni izdavalac ne postoji, već je svako morao da ga rudari i da potroši određenu količinu energije."

U pravu su tehnički, ali praktično, neki su na osnovu sreće ili pravovremenih informacija mogli da ga dobiju mnogo ranije od nekih drugih...

Znači bitkoin nije ponudio do kraja čak ni "equality of opportunities", iako zagovornici tvrde da jeste. A sve i da jeste - to nije NI BLIZU rezultiralo onim što Englezi zovu "equality of outcomes"

---

@BTCSRB: A ko bi predložio, najavio ili naredio prelazak na novu valutu? I zašto? Ljudi koji kontrolišu svetski finansijski sistem sigurno nemaju interes da pokrenu tako nešto, a i da imaju, to bi radili isključivo zarad sopstvene koristi a ne radi dobrobiti čovečanstva (npr. prelazak na CBDC).

Prelazak na novu valutu istovremeno pod istim uslovima jednostavno nije moguć bez nekog vida prisile. Kao što se kaže u tekstu - nemoguće je da ga od starta svi podjednako vrednuju bez nekog oblika prinude. Dakle ostaje jedini način da takav novac iznedri slobodno tržište, a BTC je iznedren na način na kakav je iznedren. Spontano i organski kao "grassroot movement". I kao takav je neutralan, etički novac sa najboljim karakteristikama u poređenju sa svim drugim oblicima novca koje imamo.

Ljudi koji su verovali u njega su prešli na njega; oni koji nisu, nisu ni prešli. Prosto i jednostavno. Ali takvi sada kukaju što se njihova imovina obezvređuje prema BTC, a krivi su im Bitkoineri koji su prešli pre njih?! Isti Bitkoineri koji godinama na sva usta ukazuju na BTC dok su sve to vreme ismevani, vređani, cancellovani! Ako se neko ideološki ne slaže sa nastankom BTC-a ili njegovom distribucijom, nejednakošću bogatstva, sujetom zbog toga što misli da je zakasnio - to ga neće spasiti od neminovnog gubitka kupovne moći zato što nije prihvatio bolji novac. Isto kao što su srednjevekovni vitezovi možda mrzeli barut i vatreno oružje smatrajući ih neviteškim sredstvima ratovanja ali ih to nije spasilo od uništenja od strane onih koji su prihvatili barut kao superiornu tehnologiju

Ko bi najavio novu valutu, ko bi finansirao njeno reklamiranje i marketing? Da li zaista misliš da bi se međunarodne organizacije koje se nalaze pod kontrolom vladajućeg finansijskog establišmenta založile za neku novu valutu koja bi im ugrozila moć?

Zapitaj sebe kada si saznao za Bitkoin i koliko je vremena prošlo od tada? Zašto ga nisu kupio, zašto ga i danas ne kupuješ i šta ćeš misliti o današnjem trenutku i ovoj diskusiji kada jednog dna bude vredeo 1M USD? Da li ti se čini da je rano ako posmatraš u tom kontekstu? Ili samo posmatraš u kontekstu da si zakasnio jer ga nisi kupio na 100 USD ili 1000 USD? I opet vas nešto sprečava da počnete sa nekom štednjom u njemu, samo nemoj posle da bude da vam nismo pričali i kako nije fer.

BTC je po svemu superiorniji oblik novca od zlata, a ima trž. kapitalizaciju od oko 2T USD naspram zlata sa 22T USD. To ti je jedan od znakova pored puta gde ova stvar ide i da li je rano ili kasno.

Inače domaća menjačnica ECD postoji od 2012. godine, toliko o tome da li je u Srbiji bilo teško nabaviti ga.

Inače postoji zabluda o tome da su se rani korisnici nesrazmerno obogatili. Znaš i sam da je ogroman broj prerano prodao i izgubio ključeve i pristup novčićima. Uostalom, zašto bih se poredio sa drugima? Skidam kapu svima koji su ušli i razumeli stvar pre mene, od takvih sam i učio, ti rani korisnici su pisali prve vodiče, snimali podkaste, držali predavanja i predavali baklju sledećoj generaciji Bitkoinera. Nemam ni trunke zavisti prema njima, samo poštovanje i zahvalnost.

Možda i jedina stvar koju većinu ljudi deli od Bitkoina je ponajviše sujeta i čisto poricanje realnosti. Tek onda dolazi nezainteresovanost, neradoznalost ili tehnička nepotkovanost. Ali Bitkoineri nikad neće moći da kažu da nisu dali sve od sebe, pa ko razume - razume.

“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”

---

hn-mc: Nisam ja za btc saznao juče, pa da sad iz neke zavisti kukam kako su ga neki dobili skoro za dž, a sad ove nove generacije moraju plaćati 100k. Mada ni takvo razmišljanje ne bi bilo sasvim bez osnova, ako uzmeš npr. često ponavljanu mantru da "svako dobija bitkoin po cijeni koju je zaslužio". Ta mantra mi je, iskreno, mnogo arogantna i antipatična, jer ona potpuno ignoriše to, da mnogi nisu imali posla i para za ulaganje dok je bitkoin bio jeftiniji, ili su bili djeca, ili nisu ni rođeni. Ignoriše se mogućnost stvaranja određene gerontokratije u budućnosti, gdje bi stara generacija, koje je to prva kupila po povoljnijim cijenama imala disproporcionalnu moć u odnosu na nove generacije, koje nisu tad mogle ni fizički da ga kupe, jer ih prosto nije bilo. Ignoriše se mogućnost stvaranja te tako neke aristokratije ili oligarhije, gdje bi u budućnosti ekonomski položaj nekog djeteta zavio od toga koliko mu je ćale nekad uštekao bitkoina. To bitkoineri slave kroz još jednu mantru "generational wealth", a meni to više liči na zasnivanje prilično distopijskog sistema veliki ekonomske nejednakosti koji dosta podsjeća na feudalizam - u njemu bi imao novu klasu bitkoin "plemića".

Za bitkoin sam saznao 2013. i na samom početku sam njime bio fasciniran. Donekle sam prihvatao većinu talking pointsa i value proposition-a.

Međutim, malo-pomalo počeo sam uviđati mračnu stranu cijele stvari. (u šta spada to koliko je cijeli kripto svijet preplavljen raznim scamovima, koliko je cijela zajednica izuzetno alava na pare i materijalisitčki nastrojena - lambo, to the moon, etc... postoji to neko implicitno obećanje lakog bogaćenja i rješavanja svih finansijskih problema, postoji toksični antagonizam između bitkoinera i altkoinera (npr. zato što samo postojanje altkoina podriva narativ bitkoina o scarcity-ju - ako neko može da napravi sličan ili još bolji alternativni koin koji se takmiči na istom tržištu sa bitkoinom, onda to što je sam bitkoin "zakucan" na 21 milion gubi relevantnost), uvidio sam koliko mentalitet samog štekanja (hodl) smanjuje podsticaj za realne, produktivne investicije, što bi bilo loše za ekonomiju, koliko se plasiraju razni nerealistički narativi radi propagande. Proučio sam malo o zlatnom standardu i zašto je bio loš i kako je možda doprinio velikoj ekonomskoj krizi, a tu digitalno zlato iako bi bilo možda zgodnije za upotrebu, suštinski se ne bi razlikovalo od pravog, i imalo bi jednako loš efekat na ekonomiju... Naučio sam da je Austrijska škola diskreditovana od strane svih ozbiljnijih ekonomista. Uvidio sam koje su opasnosti od deflacije. Vidio sam koliko je nejednakost ogromna... čak i ako je do nje došlo na pošten način, to je i dalje problem - jer kako god da je do toga došlo, šta ti da radiš sa svijetom u kojem manjina ima skoro sve, a svi ostali ništa, ili mrvice. Pogotovo kad zavlada AI, pa ta većina više ne bude mogla ni da zaradi nešto svojim radom, itd... Mnogo tu ima stvari koje mi nisu baš "legle". Kasnije sam čitao i to da je većina ulagača u bitkoin na kraju završila u minusu. Uvidio sam dinamiku ciklusa gdje većina običnih ljudi bude "ošišana". Niko im nije "kriv", ali jednostavno običan čovjek niti je dovoljno finansijski jak i stabilan da se održi u tom svijetu, niti ima dovoljno ekspertize i samokontrole. Zato retail investitori ulaze kad je hajp, prodaju kad padne cijena, a whale-ovi rade pametno, tj. obrnuto od toga, ili rade DCA. Takva dinamika dovodi do sve veće i veće koncentracije bogatstva i do bogaćenja whale-ova na račun "sitnih riba". Krupna riba jede sitnu ribu. Znači cijeli taj svijet je prilično anarhičan, gdje najjači opstaju, nema zaštite potrošača, itd... Ko je već bogat, može uložiti nešto u to i da zaboravi na to, ne sikira se. A dosta sirotinje uloži MNOGO, jer se nada da će ih to izvući iz neke dubioze, a onda kad cijena krene da pada, prodaju s gubitkom, jer ne mogu sebi da priušte totalni gubitak. Draže im je da padnu za 20% nego za 50%. Ali i 20% je gubitak, i na takvim gubicima, većina naroda gubi od kripta, a dovoljno jaki, disciplinovani, i prije svega bogati, se bogate od cijele stvari. I ne vidim da će nešto moći značajno da promijeni tu dinamiku.

---

@BTCSRB: Ta mantra o ceni Bitkoina i zaslugama je nastala kao odgovor na još arogantnije i antipatične ismevanja, nipodaštavanjai netačne i neutemeljene tvrdnje Bitkoin skeptika tokom godina koje su uporno ponavljali na mnogo nižim cenama i time učinili veliku finansijsku štetu ljudima koji su ih slušali (a možda bi u nekom trenutku kupili BTC) dok se BTC penjao na ove visine.

Pre nego što kritikuješ potencijalni "Bitkoin feudalni sistem", morao bi da sagledaš i kritikuješ postojeći finansijski sistem i zapitaš se da li ono čega se plašiš u BTC sistemu već postoji u fiat sistemu? Da li postoji manjina sa nesrazmernim bogatstvom? Koliko se njihovo bogatstvo uvećalo od kovida? A koliko od svetske finansijske krize 2008? Da li neko čiji je pradeda povoljno kupio zemljište na Menhetnu, Malibuu, Monte Karlu, Zlatiboru, Dedinju... Da li se tada radilo o "gerontokratiji" koja ima nesrazmernu moć u odnosu na današnje generacije? Dok ja i ti možda živimo u kutiji šibica od 40 ili 50 kvadrata? Koliki procenat ljudi danas drži koliki procenat društvenog bogatstva?

Ispada da ti braniš status quo koji mora da ostane zacementiran i koji nijedna nova generacija putem otkrićem novih tehnologija ne sme da ugrozi? Kao da je postojeći status quo bila pravična raspodela društvenog bogatstva (hint: nije, daleko od toga) i da više ne sme doći do društvene raspodele? Pritom pojava Bitkoina ne onemogućava postojeću dominantnu klasu da učestvuje u toj novoj raspodeli pošto i oni imaju jednake šanse da uzmu deo tog novog novca za sebe kao što takvu istu šansu ima neki obični pripadnik srednje klase?

Reći da postojanje Bitkoina podriva narativ o oskudnosti Bitkoina je isto što i reći da postojanje gomile automobilskih marki podriva narativ o kvalitetu Mercedesa ili Audija?! Ili da postojanje brojnih drugih metala i njihovih legura podriva narativ o retkosti zlata?! Udeo Bitkoina u celokupnom kripto tržištu je oko 65% tako da i brojke taj narativ veoma efikasno opovrgavaju zato što se izrazita većina tržišta jasno opredelila koja je kripto-imovina najkvalitetnija i najpouzdanija. Da li bi nastanak na stotine novih krš automobilskih marki podrio narativ o kvalitetu Mercedesa? Isto tako nastanak desetina hiljada šitkoina ne može podriti legitimnost Bitkoina.

Bogaćenje putem Bitkoina niti je lako niti je on cilj. Cilj je bio da se izbace treće strane iz elektronskih plaćanja i da se očuva kupovna moć novca time što bi on imao fiksnu količinu. Takođe i da taj novi monetarni sistem bude otporan na korupciju i kontrolu centralnog autoriteta. Sve ove funkcije Bitkoin radi izuzetno uspešno.

Meni kao slobodnom pojedincu NE TREBA nikakav podsticaj da trošim ili investiram, ja sam suvereni pojedinac koji zna šta je u mom najboljem interesu. A ponajmanje ću prihvatiti da me neko "podstiče" da trošim i investiram time što će mi erodirati kupovnu moć novca. Na stranu što je to besmisleno zato što je svako prinuđen da troši da bi mogao da preživi tako da i Bitkoineri itekako troše i investiraju, samo što će donositi mnogo racionalnije i proračunatije ekonomske odluke. Zašto da investiram u neku firmu koja ima projektovani rast 5% godišnje ako do BTC-a očekujem rast 10%? Jednoga dana će stope rasta BTC-a biti mnogo manje nego danas pa će vremenom biti lakše naći isplative investicije koje će mi zapravo uvećavati kapital denominiran u Bitkoinu. Tada će Bitkoineri biti više nego srećni da investiraju. Ti ako se toliki altruista i toliko brineš za ekonomiju slobodno investiraj fiat ali baci nekada pogled na vrednost svog kapitala izraženu kroz BTC i da li se ona uvećava ili smanjuje. ;).

Što se tiče zlata i ekonomskih kriza, može da se gleda i sa druge strane. FED je napravljen 1913, zar ti se ne čini možda da su oni odgovorni za Veliku depresiju 1929. i da li se period koji je tome prethodio zvao "roaring twenties" zahvaljujući zlatu ili jeftinom kapitalu koje su potpomogle novoformirane Federalne Rezerve?

Šta ima loše u deflaciji i u tome da cene vremenom padaju umesto da rastu čineći život običnom čoveku sve težim? Deflacija je loša samo po poverioce zato što će u jednom trenutku dužnici koji sada štede u čvrstoj valuti vratiti dug pa će siroti kamataši izgubiti klijenta. Onda se neće zaduživati da bi investirali ili kupovali već će to raditi iz akumulirane štednje. Svaka inflacija je pljačka, ako je rast produktivnosti 5% uz istu inflaciju, neko ti je ukrao 5% kupovne moći koju bi uvećao samim razvojem tehnologije koji je suštinski deflatoran. Deflacija je neizbežna, pa kalkulator je sada besplatan zato što su njegovi troškovi prozivodnje pali na nulu, samim tim i njegov cena.

Kako je moguće da je BTC blizu ATH, a da je većina ljudi izgubila? izgubili su samo oni koji su prodali zato što nisu znali šta poseduju. Ko se pravilno informisao i nije slušao Pitera Šifa, Krugmana ili Taleba pa je držao bilo koji period duži od 4 godine, taj je uvećao kupovnu moć. Ja nisam ni whale niti neka krupna riba niti radim za neku extra platu, samo sam dobro proučio materiju, znao šta posedujem, trošio manje od zarađenog, radio DCA, čuvao i čekao da vreme odradi svoje. Tako da mi niko ne može reći da to ne može svako ko ima bar malo finansijske pismenosti i samodiscipline kada je trošenje u pitanju.

---

hn-mc: Što se tiče sadašnjeg sistema on je loš u smislu nejednakosti, ali je problem u tome što bi hiperbitkoinizacija dovela do još veće nejednakosti. Ako kritikuješ sadašnji sistem, a nudiš još gori, onda je ta kritika isprazni whataboutizam.

Štampanje para (i pored Kantilon efekta o kome bitkoineri vole da govore), ipak donekle dovodi i do razređivanja bogatstva i do neke redistribucije. Jer te nove pare ko dobija? Često dobiju ljudi koji nemaju, a treba, im npr. ljudi koji dignu kredit za stan, ili npr. penzioneri, državni službenici, itd... Povećanjem ukupne količine novca, udio starih vlasnika u ukupnom bogatstvu se smanjuje i cijeli sistem postaje više protočan, dinamičniji, ne toliko statičan.

S druge strane u bitkoin svijetu, bukvalno mentalitet je takav da se svi ustreme kao kobci na tih 21 milion, nastoje to da razgrabe, i da onda drže do daljnjeg i nikom ne daju. Bukvalno kao kad klejmuješ zemlju i kažeš "MOJE". Imaš ti bitkoinaških glava koji su u fazonu, nikad neću trošiti svoj bitkoin, ako mi trebaju pare, diću kredit, a koristiti bitkoin kao kolateralu. Ono u fazonu, buy, borrow, die.

A prije smrti, prenesi na potomstvo, da se tako nastavi bitkoin dinastija.

Ovdje griješiš:

Pritom pojava Bitkoina ne onemogućava postojeću dominantnu klasu da učestvuje u toj novoj raspodeli pošto i oni imaju jednake šanse da uzmu deo tog novog novca za sebe kao što takvu istu šansu ima neki obični pripadnik srednje klase?

Apsolutno netačno. Naravno da će postojeći milijarderi imati neuporedivo veću šansu da postanu i bitkoin vejlovi i da ih bole kurci ako btc padne i 80%, neće prodati, jer im je btc, samo 1% njihovog basnoslovnog bogatstva. Ti misliš da ta redistribucija ide u korist sirotinje, što je potpuno netačno. Kao što sam već pisao, sitne ribe uglavnom (čast izuzecima) propadaju u tom btc ekosistemu u bivaju ošišane.

Postojeći sistem se makar razrjeđuje štampanjem i dinamičniji je, a btc je statičan, zacementiran i ispunjen vrlo čudnim mentalitetom.

Šta ima loše u deflaciji?

To što djeluje destimulativno na investicije i na potrošnju. Samo to. Taj efekat možda nije toliko veliki - neće ljudi prestati da troše, daleko od toga. Ali efekat svakako postoji.

A što se tiče kupovne moći sama inflacija i deflacija su potpuno irelevantne. Bitno je da li plate prate rast ili pad cijena.

Uprkos mitu da plate ne prate rast cijena, one to itekako prate i čak rastu brže. Jer kako bi drugačije objasnio ipak evidentan rast standarda tokom godina?

Ako bi bilo istina ono što ljudi koji šire paniku o inflaciji pričaju, s vremenom bi standard bio sve gori, jer bi cijene rasle brže od plata. A to ipak nije slučaj. Uporedi kako se sad živi, i kako se živjelo prije 20 godina. A pregurali smo i SEKU i Covid, pa se opet živi bolje nego ranije.

---

BTCSRB: "Povećanjem ukupne količine novca, udio starih vlasnika u ukupnom bogatstvu se smanjuje i cijeli sistem postaje više protočan, dinamičniji, ne toliko statičan."

Ovde sam prestao da čitam. Ovo nije prva činjenična neistina koju si izneo ali je najpokvarenija. Naravno da su u poslednjih 50 godina bogatiji postali još bogatiji, a siromašni još siromašniji. Naravno da je 1% na vrhu uvećalo svoje bogatstvo više od ostalih 99%.

Samo si pokazao da ne znaš puno o ekonomiji, a još manje o Bitkoinu.

Uostalom nije ni bitno, vreme će pokazati ko je u pravu kao što je pokazao i period od prethodnih 16 godina.

Poenta je da šta god vi opsesivno-kompulzivni protivnici Bitkoina uradili, prosto nemate načina da sprečite nekoga da koristi novac koji želi i za koji misli da je bolji i da razmenjuje vrednost sa ostalim korisnicima tog novca.

Vi ste zapravo štetočine jer nećete nijednog Bitkoinera prevesti nazad ali ćete ogroman broj ljudi odvratiti od prelaska na BTC dok se nalazi u fazi monetizacije, dakle samo im nanosite štetu čak iako mislite da to radite iz najbolje namere.

BTC je odavno dostigao "escape velocity" pa je vaše mišljenje po sudbinu Bitkoina potpuno irelevantno ali je itekako relevantno u negativnom smislu po ljude koji vas slušaju.

Neka svako iz ove diskusije izvuče svoje zaključke i neka bude svestan posledica (ne)prihvatanja novog superiornog oblika novca u fazi monetizacije.

hn-mc: Ja sam doskora mislio da će bitkoin zaista uspijeti i doseći te lude vrijednosti o kojima se priča - milion, pet miliona, ko zna. Mislio sam da mu je ta trajektorija zagarantovana i da to ništa neće spriječiti. To je prosto determinizam. I iskreno, prilično sam se plašio toga, jer sam smatrao da bi to bio poprilično distopijski ishod.

Konto sam, bitkoin će uspijeti, ali to neće biti dobro za svijet, za društvo i za ekonomiju. Naravno, biće i više nego dobro za one koji ga imaju.

To mi je bio stav.

A onda sam skonto da će bitkoin, vjerovatno ipak propasti, pa samim tim ti moji strahovi od distopije postaju manje relevantni.

Zašto mislim da će propasti?

Prosto zato što mu je neophodan konstantan brzi rast, da bi se održao, a konstantan brzi rast je prosto nemoguć na dugi rok.

Brzi, jak rast je neophodan da bi se održale tri stvari koje su od vitalnog značaja za bitkoin:

1. Moon narativ kao jedini pravi value proposition.
2. Isplativost majninga kao nešto što je neophodno za bezbednost mreže.
3. Jeftinoća transakcija.

Bez jakog rasta, uz stalne halvinge, majning postaje manje isplativ, mreža time manje bezbedna, transakcije postaju skuplje, jer kako drugačije majneri da zarade, istovremeno pada u vodu moon narativ koji je većini jedini pravi razlog za kupovinu.

Kad bitkoin postane "samo" store of value, ili neki standardni instrument štednje bez moon narativa, malo ko će imati motiva da ga kupi, jer su u svrhu obične, regularne štednje, bez moon narativa, zlato i državne obveznice mnogo bolji instrument, a indeksni fond uz to pruža i mnogo veći potencijal za zaradu, kao što i treba da bude (da se nagradi investiranje, a ne pasivno držanje kapitala).

Dakle, za opstanak bitkoina neophodan je jak, brz rast.

A ako uzmemo zadnjih par ciklusa, vidimo da se taj rast sve više usporava, i to se usporava još brže od nekih prognoza. Npr. za prošli ciklus prognoza je bila 100k - 200k, a on došao samo do 69k. Sad za ovaj ciklus opet se spominje 200k, a veliko je pitanje da li će doći i do 150k. Po meni je realno do 130k.

Šta to onda govori o ciklusima. Ako u odnosu na prošli ovaj nije napravio ni 2x rasta, onda za naredni možemo očekivati možda tek, 1.5x. Znači ako sad bude 130k, onda možda 2029. bude 195k...

Takav tempo rasta, toliko usporavanje, postaće uskoro nedovoljno, i bitkoin će postati neodrživ.

---

hn-mc: BTW, svjestan sam da ako bitkoin uspije, mogu teoretski biti "štetočina" spram onih koji me slušaju, ali je veća šansa da će im čak i u tom slučaju moj savjet biti koristan - jer praksa je pokazala da je većina investitora dosad završila u minusu iz ovih ili onih razloga. To su prosto sirovi podaci.

To da nećeš izgubiti pare ako držiš duže od 4 godine dosad se pokazalo kao tačno, ali ni to nije zagarantovano u budućnosti.

A veliki broj ljudi iz nekog razloga proda ranije.

barrons.com/news/three-out-of-four-bitcoin-investors-have-lost-money-study-01668454507

Evo ti članak, kaže 75% ljudi koji se "bakćalo" s bitkoinom, završili u minusu.

Samo držanje bitkoina za mnoge ljude je stres jer nemaju povjerenja u to, i ako vide da nema brzog rasta, neće da drže svoj kapital u nečem tako rizičnom. Sa berze koini mogu nestati, ne bi bilo prvi put. Onlajn wallet može biti lažni, ili hakovan. Hardware wallet je dodatna investicija i za mnoge ljude too technical, itd...

Ja sam imao nekad nešto malo btc-a i dok sam imao to u btc-u ja sam smatrao da te pare NEMAM. Dok god ne vratiš to u keš koji ti je dostupan na računu, računaš da ih nemaš, jer nikad nisi 100% siguran da će svi koraci proći kako treba do samog kraja kad ti to legne na račun. Može ti hakovat, možeš se zajebat poslat na pogrešnu adresu, može te zajebat kriptomjenjačnica, svašta može bit.

Tek kad sam prodao i kad mi je leglo na račun, skonto sam da sam zaradio nešto i da je to realno.

@ 9f2b5b64:e811118f

testingggg

@ afe67e17:51316efb

La Illuminati aŭ lumigita el Bavario, estis grupo kreita de la jezuitoj por batali liberalan framasonadon, ironie perdis kontrolon de la grupo, kiu aliĝis al la masonistoj. Koncerne, la masonistoj ricevis la operacian bazon, kiun la jezuitoj mem kreis

@ 866e0139:6a9334e5

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

Die Anmerkungen zum Text (Fußnoten) folgen aus technischen Gründen gesondert.

---

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

---

Teil 1 des Essays lesen Sie hier.

Hochkonjunktur der Zeitenwenden

Wir befinden uns gerade in einer Hochkonjunktur der Zeitenwenden.

Es ist zu befürchten, dass man mit den Zeitenwenden bald gar nicht mehr hinterher kommt!

Der ungewöhnliche Plural lässt vermuten, dass wir mit einer Situation konfrontiert sind, in der politisch paradoxe Phänomene und Entwicklungen sich kumulieren. Entwicklungen und Phänomene, die schwer zu verstehen und noch schwerer zu händeln sind. Global übt das Paradoxale einen erhöhten Problem- und Entscheidungsdruck auf die Politik aus und steigert die Gefahr, daraus emergierende Spannungen gewaltsam lösen zu wollen.  

Stellen wir einen Vergleich an. So hat die Zeitenwende, die Anfang des Jahres in Washington mit der Wiederwahl Donald Trumps eingeläutet wurde, schon viel mehr positive Ergebnisse –  im Sinne eines echten Politikwechsels –  erreicht als die nach Beginn des Ukraine-Kriegs 2022 von Scholz zackig im feldmarschallähnlichen Stil ohne Einbezug des Bundestages proklamierte Zeitenwende. Im Februar wurde die Scholzsche Zeitenwende-Politik abgewählt, wird von Merz aber fortgeführt, während Trump für seine Zeitenwende gegen die den Krieg weiter befürwortenden Demokraten als klarer Sieger aus der Wahl hervorging. Zuletzt gelang es der US-amerikanischen Diplomatie, Friedensverhandlungen in Istanbul zwischen der Ukraine und Russland in Gang zu setzen, auch im Nahen Osten gerät vieles in Bewegung. 

Die Folgen der Paradoxien werden von Ulrike Guérot gut zum Ausdruck gebracht:

„Wie gefährlich ist es in einem Land, in dem de facto jetzt Willkür herrscht, in dem Sinne, als das alles, was gestern noch galt, nicht mehr gilt – oder alles, was gestern unmöglich war, auf einmal möglich ist? Wie, außer mit Autorität, Gewalt oder Ideologie, will man vernünftige Bürger dafür gewinnen, den Kurs der Regierung mitzutragen, die auf ‚Kriegstüchtigkdit’ hinarbeitet, während der Frieden schon verhandelt wird?“   (18)

Als dritte Zeitenwende kann jene gelten, die gleichzeitig von den BRICS-Staaten ausgeht. Dieser Prozess hat durch das Einfrieren der Beziehungen des Westens mit Russland und der Verschlechterung der Beziehungen zu China in den letzten drei Jahren an Fahrt aufgenommen. Seither zeichnen sich die Umrisse einer neuen multipolaren Ordnung ab, in der Russland, China und jetzt wohl auch die USA mitspielen wollen, auf die die Europäer aber mental kaum vorbereitet scheinen.

In den USA hat sich der Wind gedreht, doch Deutschland verharrt in den alten Mustern, die in Washington nun abgewrackt werden. Unsere Politiker und Medien verhalten sich dabei wie die drei Affen: Sie wollen nichts sehen, nichts hören, nichts sagen über das, was sich dort tatsächlich ereignet. So findet z.B. eine Neuaufstellung der Wirtschafts- und Außenpolitik statt, in der neue Bündnisse geschmiedet werden, bei denen Europa außen vor bleibt. Über Entwicklungen, die auch äußerst folgenreich für Deutschland und die EU sein könnten, berichtet der Öffentlich-Rechtliche-Rundfunk gar nicht. Das gilt z.B. für die Politik von Gesundheitsminister Robert F. Kennedy jr. und dem neuen Direktor des National Institutes of Health (NIH) Jay Bhattacharya (vormals Stanford University), die sich nicht nur für eine umfassende Aufarbeitung der Corona-Zeit einsetzen, sondern darüber hinaus die Pharma-Industrie im Interesse – auch ein Paradox, an das wir uns aber schon längst gewöhnt haben – eines besseren Gesundheitsschutzes regulieren wollen.

In seiner ideologischen Verbohrtheit und doppelmoralischen Überheblichkeit bemerkt der deutsche Mainstream nicht, wie weit sein Realitätsverlust schon gediehen ist. Das hat zur Folge, dass die Politik hierzulande immer autoaggressivere Züge trägt. 

Die eigene aufgeblasene, kriegerische Rhetorik, die als Ersatzhandlung die große Rat- und Erfolglosigkeit des Kurses, der vom Establishment eingeschlagen wurde und an dem eisern festgehalten werden soll, nur schlecht überspielen kann, erinnert mehr und mehr an das selbstverstümmelnde Verhalten manisch Depressiver, die aus ihrer Isolation nicht mehr rausfinden.

Dabei nimmt das Verhängnis des Abstiegs Deutschlands nicht nur energiepolitisch und ökonomisch seinen Lauf. Es wird durch ein Klima der Cancel Culture und Zensur noch weiter verschärft. Dabei besteht der Mehrwert abweichenden Denkens darin, dass nur durch offene Kritik eine Gesellschaft in der Lage bleibt, kreativ auf ihre Probleme zu reagieren. Wer dies unterbindet, würgt die Potenziale zur positiven Veränderung und damit die gesellschaftliche Dynamik und jeden Fortschritt ab. Im Übrigen wäre in einer funktionierenden Demokratie kein Mut für das Äußern abweichender Meinungen nötig.

Die späte Rache der Geschichte

Mit der doppelten Zeitenwende-Rhetorik erleben wir gerade so etwas wie die (zu) späte Rache, die die Geschichte am realpolitischen Hintertreiben, der Sabotage und Obstruktion des ethischen Nie-Wieder-Krieg-Postulats nimmt. Von Anfang an verfolgte diese Obstruktionspolitik das Ziel, den Friedensimpetus, der die Debatten und Handlungen der Mütter und Väter des Grundgesetzes mehrheitlich glaubhaft leitete und prägte, zu neutralisieren und, zumindest teilweise, in sein Gegenteil umzukehren. Fortwährend, von 1945 an, sind diese und ähnliche Bestrebungen durch die imperialistischen Interessen und Pläne sämtlicher US-amerikanischer Administrationen und der dahinter eigenlogisch handelnden, geheimdienstlichen deep state- Strukturen durchkreuzt worden. 

In der Bundesrepublik geschah der Wiederaufbau der staatlichen Strukturen maßgeblich mit Personal, das zuvor in der NSDAP und ihren Unterorganisationen das Funktionieren des Nazi-Terror-Regimes sicherstellte. Damit wurde die Chance auf einen antifaschistischen Neuanfang**** vertan. Dass das Konzept eines solchen Neuanfangs, seine  nur von einer Minderheit erkannte sittliche und politische Notwendigkeit, zugunsten eines Wiederaufbaus, dem als pragmatische und realistische Lösung der Vorzug gegeben wurde (der gleiche Prozess wiederholte sich 1989 bei der deutschen Wiedervereinigung), sehr schnell verdrängt wurde, ist mitursächlich für die rasende Regression, von der unser Gemeinwesen inzwischen voll erfasst wurde (19). Zur Erklärung des Rückfalls in ein Denken, das Krieg erneut als ein Mittel der Politik etablieren will, dem militärischen Wettrüsten wieder das Wort redet und der Diplomatie, wider alle Vernunft, eine Absage erteilt, muss unbedingt an die frühe Lossagung von jedem ernsthaften, die Aufarbeitung der Vergangenheit betreffenden Denken und Handeln, erinnert werden.  

Erschreckende Kontinuitäten

Erschreckenderweise ist das bellizistische Denken, das nach den Brandspuren der verheerenden Kriege des 20. Jahrhunderts in ganz Europa überwunden geglaubt war, ist mit Beginn der russischen Beteiligung am ukrainischen Bruderkrieg wiederauferstanden. Es wird begleitet von einem starken, antifreiheitlichen Affekt, der sich auf dem ganzen Kontinent in der Politik breitgemacht hat. Denn Staaten, die zum Krieg rüsten, drängen die Freiheit auf ganzer Linie zurück, da sich Kriegsvorbereitungen und Militarismus niemals gut mit gesellschaftlicher Liberalität vertragen.

Die antirussischen Kampagnen, die Dämonisierung Putins und Russlands, steht unübersehbar in einer Kontinuität zur nationalsozialistischen Weltanschauung und müssen als ihre zombieähnlichen Wiedergänger betrachtet werden. In Deutschland gedenken die Täter damit, ihre Taten nachträglich moralisch rein zu waschen. Die nekrophilen Handlungen werden erhobenen Hauptes, forsch und mit stolz geschwellter Brust angekündigt, ausgeführt und verteidigt: Sie sind ja die Guten. 

---

DIE FRIEDENSTAUBE FLIEGT AUCH IN IHR POSTFACH!

Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt, vorerst für alle kostenfrei, wir starten gänzlich ohne Paywall. (Die Bezahlabos fangen erst zu laufen an, wenn ein Monetarisierungskonzept für die Inhalte steht). Sie wollen der Genossenschaft beitreten oder uns unterstützen? Mehr Infos hier oder am Ende des Textes.

---

Blicken wir auf das heutige Ausmaß antirussischer Ressentiments und vergleichen wir sie mit dem antislawistischen Rassismus der NS-Ideologie (in dem Angehörige slawischer Völker als „Untermenschen“ galten – 27 Millionen dieser „Untermenschen“ wurden von Deutschen im Zweiten Weltkrieg vernichtet) muss man zu dem gleichen Schluss wie Brecht kommen, den er in seinem Arturo Ui zieht:

„Der Schoß ist fruchtbar noch, aus dem das kroch.“

Erinnern wir uns:

Bis zu einem Viertel der Bundestagsabgeordneten in den Legislaturperioden 1949 bis 1965 und mindestens 26 Angehörige in den Bundeskabinetten bis Helmut Kohl, gehörten der NSDAP an. Ganz zu schweigen von der nationalsozialistischen Kontinuität in den BRD-Geheimdiensten. (20) 

„Beim BND waren Massenmörder, da gibt es nichts zu beschönigen.“  (21) 

Gerade jetzt, nachdem der Verfassungsschutz in einem geheim gehaltenen, aber an bestimmte Presseorgane vorab lancierten Gutachten (22), die AfD als „gesichert rechtsextrem“ eingestuft hat, ist daran zu erinnern, dass der Verfassungsschutz durch sein V-Leute-System – zum einen durch das vor dem Bundesverfassungsgericht gescheiterte NPD-Verbotsverfahren dokumentiert, zum anderen durch das schuldhafte, noch immer nicht richtig aufgeklärte Agieren des Verfassungsschutzes im NSU-Komplex belegt – als eine Behörde angesehen werden muss, die selber tief in rechtsextreme und rechtsterroristische Strukturen verstrickt ist. 

Betrachtet man genauer die Unterlassungen, Vermeidungsstrategien und Ausweichmanöver bezüglich einer NS-Aufarbeitung, die diesen Namen verdient hätte und beginnt man dafür Quellen heranzuziehen, die uns durch das Internet frei zugänglich für die eigene Urteilsbildung zur Verfügung stehen, wird relativ schnell klar, dass der Rechtsextremismus in der Tat ein gravierendes bundesrepublikanisches Problem war und ist, dass dieses Problem aber nicht erst und gewiss nicht vorrangig durch den Aufstieg der AfD virulent geworden ist. 

Der Rechtsextremismus hat sich vielmehr bereits seit 1949 als die schwerste Hypothek für eine Demokratisierung der Bundesrepublik erwiesen, und damit meine ich nicht die NPD oder die Neo-Nazis auf der Straße. Mit Macht hat diese Hypothek verhindert, dass überhaupt je nach dem Krieg ein ernsthafter Versuch unternommen wurde, den Souverän – das Volk – vollgültig in seine Rechte einzusetzen. So scheiterte die Republik-Werdung. Die Republik, die per Grundgesetz und Staatsverständnis ihrer Gründer  beabsichtigte und angestrebte Form, wurde zwar institutionell-formal hergestellt. Sie wurde aber material nie zum Leben erweckt. 

Die republikanische Verfassung hat zum Gegenstand und sieht vor, das Gemeinwesen (als die Gesamtheit der Bürger) auf eine sowohl organische (der Bürger bestimmt deliberativ die Politik und ihre Verfahren) als auch radikale Art und Weise selbst zu ermächtigen seine Angelegenheiten und Geschicke zu regeln, zu bestimmen und zu leiten. Diesbezüglich haben alle Angehörigen der Bürgerschaft genau die gleichen Rechte, kein Einzelner und keine Gruppe kann in diesem Prozess mehr Rechte als andere oder gar Privilegien für sich beanspruchen: 

Die Republik steht und fällt mit der Verwirklichung des Grundsatzes der allgemeinen Gleichheit und Freiheit. Die Nachkriegsgeschichte der Bundesrepublik ist hingegen von konservativem Elitedenken und einer Serie von Ungleichheiten, Privilegien und unterschiedlich geregelten rechtlichen Zugangsmöglichkeiten zur Gestaltung und Verwaltung des Gemeinwesens und der Teilhabe am politischen Prozess insgesamt gekennzeichnet. 

Statt dem organischen und radikalen Weg der Demokratisierung zu folgen, bog die Bundesrepublik – und das ist ganz wörtlich zu verstehen – frühzeitig rechts ab. Als Folge dieses Abbiegens müssen wir uns heute mit einer extremisierten Mitte auseinandersetzen, die als „Transatlantische Einheitspartei Deutschland“ (Michael Andrick), das Kartell der Inhaber „unserer Demokratie“ von CDU/CSU, SPD, FDP, Grüne und Linke, in Erscheinung tritt. Kritiker, wie z.B. Oskar Lafontaine, haben wiederholt auf die äußerst fragwürdigen, Demokratie und Grundgesetz außer Kraft setzenden Erscheinungsformen und Gefahren, die von dieser extremisierten Mitte ausgehen, aufmerksam gemacht (23). Ein Satz, in dem diese extremistischen Tendenzen besonders komprimiert und markant zum Ausdruck gebracht wurden, stammt von Olaf Scholz. Er hat ihn in seiner ersten Regierungserklärung als Bundeskanzler zur Corona-Politik gesagt:

„Für meine Regierung gibt es keine roten Linien mehr.“

Doch verschieben wir den Fokus nun vom Feld der Innenpolitik auf die Außenpolitik und schauen uns die abstruse und bedrohliche Lage an, in der die Welt durch die Politik des Westens und die paradoxalen Spannungen innerhalb seines Bündnisses zuletzt geraten ist.

Perplexe Folgen einer Machtasymmetrie

In diesen Wochen und Monaten tritt uns das seit dem Ende des Zweiten Weltkrieges konstant asymmetrisch gebliebene Machtverhältnis zwischen den USA und Europa mehr und mehr als Farce entgegen –  nichtsdestotrotz eine brandgefährliche Farce! 

Die deutschen und der Großteil der europäischen Eliten lehnen sich im 80. Jahr des Kriegsendes gegen den „großen Bruder“ in dem Moment auf, wo dieser außenpolitisch ausnahmsweise einmal vernünftig handelt. Man mag es nicht glauben, aber die Europäische Union, die nach dem Zweiten Weltkrieg als Friedensprojekt konzipiert wurde und auf eine einzigartige Erfolgsgeschichte zurückblicken kann, ein Friedensprojekt, das über Jahrzehnte weltweit hohes Ansehen genoss und ausgezeichnet wurde (Friedensnobelpreis 2012 in „Anerkennung für über sechzig Jahre Friede, Versöhnung und Demokratie“) (24), diese Europäische Union entzweit sich mit den USA ausgerechnet deshalb, weil die Trump-Administration den nicht gewinnbaren Krieg in der Ukraine gegen Russland endlich beenden und für das malträtierte und in jeder Hinsicht darniederliegende Land Frieden schaffen will. 

Unter dem Strich ist – auch wenn man sich vielleicht scheut, es so aufzufassen – der Eindruck entstanden, dass unter den „Verbündeten“ hier eine äußerst seltsame, um nicht zu sagen absurde Travestie zum Tragen kommt: Solange der „große Bruder“ USA die Konflikte schürt und mittels Regime-Change-Aktivitäten und militärisch- geheimdienstlicher Interventionen seine eigenen Interessen –   euphemistisch offiziell als Schutz der „regelgeleiteten Ordnung“ (in wessen Namen eigentlich?) bezeichnet – durch den Einsatz einer Menge Geld und mehr oder minder brachialer Gewalt weltweit (in wessen Namen eigentlich?) durchsetzt, stehen wir vasallentreu an seiner Seite. Oder können die eigenen aggressiven Impulse über den großen Bruder dadurch ohne Risiko ausgelebt werden? Bot nicht die Art der Zusammenarbeit im „westlichen Wertebündnis“ den Deutschen die Gelegenheit, die Scham über die eigenen Verbrechen zu vergessen, sich vom dauerhaft schlechten Gewissen endlich zu befreien?

Ausgerechnet dadurch will man sich nun vom US-amerikanischen Hegemon emanzipieren, dass zunehmend verzweifelte Versuche in der sogenannten „Koalition der Willigen“ unternommen werden, um die längst überfälligen, im März 2022 u.a. durch das Eingreifen des damaligen britischen Premierministers Boris Johnson gegenüber der Selensky-Regierung bereits einmal gescheiterten Friedensverhandlungen doch noch durch unrealistische Forderungen, erneute Drohungen und Ultimaten an Russland zu verhindern? Dabei hat Europa, der Ukraine darin durchaus ähnlich, zur Durchsetzung der eigenen Positionen in dem Konflikt „keine Karten mehr in der Hand“, um Donald Trumps Formulierung aus dem öffentlich übertragenen Clinch mit Selensky im Weißen Haus aufzugreifen. Die Sanktionen haben Russland nicht in die Knie gezwungen, sondern das Land nur stärker, z.B. vom europäischen Technologietransfer unabhängig gemacht.  

Man hat offensichtlich auch kein Problem damit, weiter Tausende von toten und verletzten sowie lebenslang traumatisierten Soldaten und Zivilisten allmonatlich dafür in Kauf zu nehmen. Vor diesem Hintergrund mutet das Spiel um den von Brüssel, Berlin und Kiew geforderten 30-tägigen Waffenstillstand zynisch an, denn niemand in Moskau glaubt dem Westen noch ein Wort, wenn er zugleich die Zeit dafür nutzen will, neue Waffen an Selensky zu liefern. Die ganze europäische Politiker-Riege ist vielmehr maßgeblich mitverantwortlich dafür, dass sich die Verhandlungspositionen der Ukraine seit Beginn des Krieges immer weiter verschlechtert haben.

Eine EU, die sich immer stärker von den geopolitischen Realitäten abkoppelt und ideologisch einbunkert, mag ihre Nibelungentreue zum korrupten Selensky-Regime damit glaubwürdig unter Beweis stellen. Sie kann aber damit nicht verantwortlich im Sinne der Bevölkerung in der Ukraine handeln und natürlich ebenso wenig dadurch ihrer Verantwortung für die Bürgerinnen und Bürgern der EU gerecht werden.  

Sollten wir uns also tatsächlich in der Frage nach Krieg und Frieden noch tiefer in diese (besonders für die Ukraine) aussichtslose Situation verstricken und uns sowohl gegen Moskau als auch gegen Washington stellen? 

Dann muss man kein Prophet sein, um vorherzusagen, dass die Konfrontation der EU mit ihrer faktischen Machtlosigkeit diese so unbarmherzig hart treffen wird, dass ein solches Eingeständnis auf eine völlige Zerstörung ihrer ohnehin schon brüchig gewordenen Fundamente hinauslaufen würde. Die Trump-Regierung zeigt jedenfalls wenig Interesse mit der EU verhandeln zu wollen. Viel besser passen ihr einzelne Staaten ins Konzept, die man gegebenenfalls getreu der Maxime „divide et impera“ gegeneinander ausspielen kann. Zugleich führt die wachsende Unzufriedenheit immer größerer Teile der Bevölkerung mit den EU-Eliten dazu, dass eurokritische Bewegungen und Parteien immer öfter gewählt und in vielen Ländern die EU-kritischen, in der Regel rechten Parteien kurz vor der Regierungsübernahme stehen. Ein Prozess, den die neue US-Regierung unterstützt. 

---

Bernd Schoepe, Jahrgang 1965,  Studium der Soziologie, Germanistik, Philosophie und Erziehungswissenschaften in Frankfurt/M. und Hamburg. Erstes und zweites Staatsexamen. Freier Autor, der zu bildungspolitischen, bildungssoziologischen- und bildungsphilosophischen Themen schreibt. Seit 2003 im Hamburger Schuldienst. Langjähriges GEW-Betriebsgruppen-Mitglied, ehem. Vertrauensmann, ehem. Mitglied der Hamburger Lehrerkammer. Hauptberuflich bin ich Politik- Deutsch- und Philosophielehrer an einer Hamburger Stadtteilschule. Kontakt: berndschoepe\@gmx.de

---

LASSEN SIE DER FRIEDENSTAUBE FLÜGEL WACHSEN!

In Kürze folgt eine Mail an alle Genossenschafter, danke für die Geduld!

Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt.

Schon jetzt können Sie uns unterstützen:

• Für 50 CHF/EURO bekommen Sie ein Jahresabo der Friedenstaube.
• Für 120 CHF/EURO bekommen Sie ein Jahresabo und ein T-Shirt/Hoodie mit der Friedenstaube.
• Für 500 CHF/EURO werden Sie Förderer und bekommen ein lebenslanges Abo sowie ein T-Shirt/Hoodie mit der Friedenstaube.
• Ab 1000 CHF werden Sie Genossenschafter der Friedenstaube mit Stimmrecht (und bekommen lebenslanges Abo, T-Shirt/Hoodie).

Für Einzahlungen in CHF (Betreff: Friedenstaube):

Für Einzahlungen in Euro:

Milosz Matuschek

IBAN DE 53710520500000814137

BYLADEM1TST

Sparkasse Traunstein-Trostberg

Betreff: Friedenstaube

Wenn Sie auf anderem Wege beitragen wollen, schreiben Sie die Friedenstaube an: friedenstaube@pareto.space

---

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

@ dfa02707:41ca50e3

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

Sign up for No Bullshit Bitcoin

No Bullshit Bitcoin Is a Bitcoin News Desk Without Ads, Paywalls, or Clickbait.

Subscribe .nc-loop-dots-4-24-icon-o{--animation-duration:0.8s} .nc-loop-dots-4-24-icon-o *{opacity:.4;transform:scale(.75);animation:nc-loop-dots-4-anim var(--animation-duration) infinite} .nc-loop-dots-4-24-icon-o :nth-child(1){transform-origin:4px 12px;animation-delay:-.3s;animation-delay:calc(var(--animation-duration)/-2.666)} .nc-loop-dots-4-24-icon-o :nth-child(2){transform-origin:12px 12px;animation-delay:-.15s;animation-delay:calc(var(--animation-duration)/-5.333)} .nc-loop-dots-4-24-icon-o :nth-child(3){transform-origin:20px 12px} @keyframes nc-loop-dots-4-anim{0%,100%{opacity:.4;transform:scale(.75)}50%{opacity:1;transform:scale(1)}}

Email sent! Check your inbox to complete your signup.

No spam. Unsubscribe anytime.

@ 6a6be47b:3e74e3e1

Hi frens! 🌍

Did you get a chance to rest this weekend? I hope so! While my cat naps away in his window hammock (and I’m a bit jealous of his endless snoozing), I found myself reflecting on a book I almost forgot I read years ago: Ender’s Game by Orson Scott Card.

I knew Ender’s Game was part of a larger series, but since Card originally wrote Ender as just a “novelette,” I was never sure if I wanted to continue with the sequels after finishing the first book.

⭐️If you’re into movies or stories about epic space wars, Earth under threat from alien species, and unlikely heroes who seem a bit too good to be true —Ender’s Game is all that, but better.

What brought this book back to mind was humming along to “Home” by Tides of Man (from their album Dreamhouse):

“You were faster than me You were better than me I was too careful and weak It had to be you” 🎶

Supposedly, the album was inspired by Ender’s Game. If you’ve read the book and listen to the album, can you spot which tracks match up with the story? 👀

Ender, our (somewhat debatable) hero, is just a kid —but he’s sharp, resourceful, and surprisingly astute.

You’ll follow him through Battle School, navigating his complicated relationship (to put it nicely) with his older brother, and his much more empathetic bond with his sister. You’ll root for him, struggle with him, and want him to win.

🛸But by the end, you’re left wondering (just like him): what exactly is he winning? Was it worth it? When I finished the book, I couldn’t bring myself to continue the series. Maybe it was because the first book felt so brilliant on its own that I didn’t want to risk spoiling the experience, or maybe I wasn’t sure if knowing more about Ender as he grows up would change how I felt about him as a kid.

Either way, I’m still undecided about reading the rest of the saga. Maybe I will, maybe I won’t. But I can say this: Ender’s Game is a must-read.

See you soon, frens.

Godspeed! 🚀

https://stacker.news/items/1001683

@ eb0157af:77ab6c55

Romania’s national postal service embraces digital assets by installing the first Bitcoin ATM at its Tulcea branch.

Romania has witnessed the inauguration of the first Bitcoin ATM within the offices of Poșta Română, the country’s national postal service.

The installation took place at the Tulcea branch, the result of a strategic collaboration between Poșta Română and Bitcoin Romania (BTR), one of the country’s leading exchanges. According to the official announcement from the postal service, this marks only the first step in a broader project.

Source: Poșta Română

The next locations set to host these ATMs will be Alexandria, Piatra Neamț, Botoșani, and Nădlac, confirming the postal service’s commitment to widespread distribution of these devices.

The integration of Bitcoin ATMs in post offices is part of a wider strategy to modernize the existing infrastructure through cutting-edge digital technologies. The initiative also aims to expand the range of services available in areas of the country traditionally underserved.

Global adoption

In recent months, global Bitcoin adoption has continued to grow through various channels: individual investors, companies accepting BTC as a payment method, corporations and institutions accumulating Bitcoin as a treasury asset, and nation-states acquiring BTC for strategic reserves.

According to Binance data from January, the number of Bitcoin wallets holding more than $100 in value reached nearly 30 million, marking a 25% year-on-year increase.

Despite this growth, overall Bitcoin adoption remains limited worldwide, even in countries with the highest adoption rates. A Q1 2025 report by River, a Bitcoin financial services company, found that only 4% of the global population owns Bitcoin.

The United States retains the highest concentration of Bitcoin holders, with around 14% of individuals holding BTC in 2025. The total addressable Bitcoin market remains below 1%, due to low retail adoption and under-allocation from institutions, the U.S.-based company noted.

According to River, Bitcoin could absorb 50% of the store-of-value market, equivalent to roughly $225 trillion in value. These asset classes include cash, stocks, real estate, precious metals, and art held for price appreciation or savings. With a current market capitalization slightly above $2 trillion, Bitcoin still has significant room for growth, River suggests.

The post Poșta Română launches the first Bitcoin ATM in post offices appeared first on Atlas21.

@ a296b972:e5a7a2e8

Wie weit ist es noch her mit Einigkeit und Recht und Freiheit?

Wie weit sind diese wunderbaren Begriffe schon von Spaltung, Willkür und Bevormundung verdrängt worden?

Ein Land, dessen Werte aus dem Ruder gelaufen sind. Regiert von Teflonauten. Teflonauten? Das sind die, die sich vor Eintritt in die Politik in einem Fass Teflon-Lack haben taufen lassen, damit alle Vernunft an ihnen abperlt.

Für Deutschland gehen die Superlative aus, die den Gesamtzustand eines Staates beschreiben könnten, der in jeder Hinsicht aus den Fugen geraten ist. Wie in einem vorangegangenen Kommentar zu einem anderen Thema zu lesen war, die Satiriker werden langsam arbeitslos, weil die Realität alles überbietet.

Eine unsägliche Riege von Politikern demontiert eine Demokratie, die bis 2019 wenigstens noch einigermaßen erträglich funktioniert hat. Man hatte noch das Gefühl, man wird weitgehend in Ruhe gelassen.

Mit dem Corona-Ereignis wurde die Büchse der Pandora geöffnet. Seitdem fließen totalitäre Elemente in die Demokratie ein. Wer darauf hinweist, läuft Gefahr, es mit der vom Souverän gekaperten Macht zu tun zu bekommen.

Für die, die gegen die Bevölkerungsverdummung immun sind, wird es zunehmend unerträglicher, doch – da müssen wir durch.

Es ist gut, dass all die Machenschaften, die die Deutschen sonst nicht mitbekommen haben, allendhalben hier und da mal ein Skandälchen, ans Tageslicht kommen.

Es ist gut, dass es so offensichtlich ist, dass die dicksten Klopse, die sich die sogenannten Politiker erlauben, nicht den geringsten Anlass dazu geben, zurückzutreten. Vorbei die Zeiten, in den schon viel kleinere Vergehen, einen Politiker dazu genötigt haben. Es ist gut, weil so klar wird, dass das politische Gewissen nur noch im Museum besichtigt werden kann. Irgendwann versteht das auch noch der Letzte im hintersten Winkel des besten Deutschlands aller Zeiten.

Die Inkompetenz ist überall sichtbar, durch die, die unfähig sind, ihre Machenschaften zu verbergen.

Läppisch geschnitzte Pfeifen geben sich als wohlgestimmte Orgel aus und meinen, es gäbe niemanden, der die Kakophonie hören würde. Ein schräges Blockflöten-Konzert wird zum Musikgenuss hochstilisiert, von Leuten, die ständig ihren Notenschlüssel verlegen und dadurch nicht mehr in den Raum der Vernunft kommen.

Die Menschen in Deutschland haben sich aufgeteilt in die, die von all dem nichts wissen wollen und sich einreden, es sei doch alles in Ordnung. Für die, die sich brav ihre tägliche Gehirnwäsche in den inzwischen für die Qualität ihrer Propaganda bekannten Medien abholen, das sind noch rund 60%, gibt es keine Einschränkung der Meinungsfreiheit. Rund 40%, die der Meinung sind, dass man in Deutschland seine Meinung nicht mehr frei äußern kann, sind noch viel zu wenig! Für immer noch zu viele ist J. D. Vance ein Verschwörungstheoretiker, der die Sicherheitskonferenz in München dazu missbraucht hat, seine kruden Ansichten zu verbreiten.

Und dann gibt es die, die mitbekommen, was in Deutschland los ist. Die werden oft erschlagen von den Verstrickungen, Irrungen und Wirrungen, die sich immer mehr zeigen und immer dreister als Selbstverständlichkeit, als das Normalste von der Welt postuliert werden. Für die ist der gesundheitliche Zustand der deutschen Demokratie immer mehr ein Dauerpatient auf der Intensivstation.

Realitätsfremde Energiepolitik, Nordstream kaputt, gut so, kein Interesse an einer Wiederinbetriebnahme;

rückläufige Wirtschaft, zunehmende Firmenpleiten, Abwanderung von Unternehmen;

eklatante Steuergeldverbrennung, Northvolt in die Grütze gefahren, Maskendeals, zur Belohnung das nächste Pöstchen;

einseitige, weglassende Hofberichterstattung mit dem Hang zu Amnäsie;

fragwürdige Gerichtsurteile; Schauprozesse gegen Ballweg, Füllmich und viele andere, Masken, Atteste, Strafzahlungen, Majestätsbeleidigung etc. etc. etc..

Gewalt und Tod durch Messerfachkräfte, es sind ja die Messer, nicht die Menschen, die sie in der Hand haben, transparenter Aufklärungsrückstau;

intellektuelle Beleidigungen durch Schönrederei, man glaubt, die anderen sind noch dümmer als man selbst;

existenzbedrohende Kontenkündigungen, wir machen dich fertig;

politischer Dummschwätz, Wiederholungen, Wiederholungen, Wiederholungen;

Einzug totalitärer Strukturen, wer die Augen aufmacht, sieht sie;

infantile Repräsentanz Deutschlands im Ausland, Abwesenheit von Diplomatie;

Aufstachelung der Bürger, damit sie ja schön kriegsgeil werden, siehe auch Dummschwätz;

Angstpornos für Kinder und Erwachsene, bei ständigem Einlass in Kino 7, Raum Klima, mit Air Condition;

lächerliche Preisverleihungen, armutsfördernde Preiserhöhungen;

zunehmendes Misstrauen gegenüber der eigenen Bevölkerung, der Feind im eigenen Land;

Bevormundung, betreutes Denken, Fühlen, Wollen;

bedrohlich zunehmende Überwachungsanstrengungen, digitale Identität, die als Sicherheit verkauft wird, jedoch nichts anderes ist, als der Versuch der Einrichtung eines Überwachungs-Kontroll-Systems;

nichts, aber auch rein gar nichts hat Konsequenzen, die dazu führen, dass die Verantwortlichen zum Sandkornzählen in die Wüste geschickt werden, damit sie den Rest ihres Lebens beschäftigt sind und kein Unheil mehr anrichten können.

Unaufhaltsam rast der Personal-Zug Deutschland, überfüllt mit Fahrgästen, die meinen, Trump ist verrückt und Putin ist die Personifizierung des Bösen, gezogen von einer mit heißer Luft betriebenen Lok, die von Heizern befeuert wird, die den Kessel unentwegt  mit Angst und Wahnsinn schüren, auf den Berg aus Granit zu, der unweigerlich eine Katastrophe für die Demokratie von ungeahntem Ausmaß verursachen wird. Ständig wird die Strecke künstlich verlängert, indem neue Schienen und Schleifen hinzugefügt werden, statt den Zug rechtzeitig noch zum Halten zu bringen. Die Geschwindigkeit ist inzwischen schon so hoch, dass selbst der Geist, der zu Pfingsten ja ausgeschüttet wird, niemanden mehr erreicht.

Deutschland ist in der Hand von ideologisch vergifteten Versagern zweiter und letzter Wahl und einer verschworenen Gemeinschaft von Universal-Dilettanten, die den Untergang der freiheitlich-demokratischen Grundordnung fest im Zangengriff haben und keinerlei Anstalten machen, diesen wieder lösen zu wollen.

Das Land der Denker und Dichter geht vor die Hunde. Freiheitlich, wirtschaftlich, gesellschaftlich, politisch, rechtlich. Um die Manege sitzen immer noch viel zu viele sogenannte Bürger, die Beifall klatschen, oder sich zumindest einreden, es sei doch weitgehend alles in Ordnung. Bravo! Es ist so unglaublich unterhaltend, sich nach Strich und Faden an der Nase herumführen zu lassen.

Und die, die die Kraft haben, auf diesen Wahnsinn hinzuschauen, die wissen gar nicht, was sie zuerst tun sollen: Heulen, schreien, verzweifelt sein, unentwegt mit dem Kopf schütteln, dagegen anschreiben, wachrütteln, flüchten oder dableiben, sich in Sicherheit bringen?

Die Demokratie und Rechtsstaatlichkeit sind von „Demokraten“ gekidnappt worden, die behaupten, sie würden sie verteidigen. Dabei geht es ausschließlich nur um deren Machterhalt und die Besitzstandswahrung ihrer erbärmlichen Pöstchen, mit einer weiteren Diätenerhöhung von rund 600 Euro im Juli 2025. Deutschland ist zu einem drittklassigen Selbstbedienungsladen verkommen, und es wird unentwegt in die Kasse gegriffen, solange noch was zu holen ist. Und damit das auch noch eine Zeit lang so weitergehen kann, wird Luftgeld produziert und als Sondervermögen deklariert, und damit eine Hypothek geschaffen, die zukünftige Generationen niemals werden ausgleichen können.

Wie gelegen käme da ein Krieg, in dem all dieser menschengemachte Unsinn wertlos wird. Und ein Neuanfang danach wird dann als überragende politische Leistung verkauft, die zum Wohle des Volkes geschaffen wurde, damit ein neues Wirtschaftswunder möglich werden kann. Los, ran, wieder all das aufbauen, das Deppen zuvor in die Tonne gekloppt haben. Uns geht’s ja schon wieder so gut, wir wollen uns wirklich nicht beklagen. Wir haben ja von all dem nichts gewusst. Wir waren ja nur die Opfer einer fehlgeleiteten Politik. Was hätten wir denn tun können? So oder so ähnlich wird dann das eigene Gewissen wieder durch fadenscheinigen Selbstbetrug beruhigt.

Das ganze System stinkt zum Himmel. Unerträglicher Gestank nach Zersetzung und Verwesung, der uns als neuester Schrei der Parfum-Hersteller verkauft wird.

Man kann gar nicht so schnell schreiben, wie man sich aufregen möchte.

Das ist kein Ventil zum Ausdruck der unglaublichen Empörung. Das wäre zu einfach und bedeutungslos. Nein, mit jedem Wort und jedem Artikel und jedem neuen Abonnenten von Pareto verbindet sich die Hoffnung, wieder jemanden zum Nachdenken anregen zu können. Damit die Zahl derjenigen, die die Demokratie verstanden haben, von Tag zu Tag größer wird. Damit sich von unten herauf eine geistige Kraft immer mehr entfaltet, die dieses impertinente Lügenkonstrukt zum Einstürzen bringt. Ein Leuchtfeuer muss ständig brennen, wenn Gefahr in Verzug ist. Wenn man so will, ist das Revolution, aber eine geistige und vor allem friedliche. Wenn immer mehr Menschen mutig verstehen, was in Deutschland abgeht, dann nagt das unermüdlich an den künstlich geschaffenen, unmenschlichen undemokratischen Strukturen, die den Stümpern die Macht rauben werden, damit dieses ganze Lügengebäude endlich implodieren kann.

Je lauter Delegitimierung geschrien wird, desto deutlicher tritt hervor, wer für die Delegitimierung der freiheitlich-demokratischen Grundordnung und die Aushöhlung des Grundgesetzes verantwortlich ist.

Deutschland kann nur wirklich in Richtung Souveränität gehen, wenn wir so weit gekommen sind, dass sich das deutsche Volk in freier Entscheidung eine Verfassung (gerne auf Grundlage des Grundgesetzes, das nach wie vor provisorischen Charakter hat) gegeben hat, in der Bürgerbeteiligung und Volksentscheide, gerne nach schweizerischem Vorbild, nicht nur zur Pflicht eines jeden Bürgers, sondern ganz selbstverständlich als notwendiger, alltäglicher Beitrag zur Demokratie fest in den Köpfen der Menschen verankert ist.

Gruß an das Amt für, aus Sicht des Bürgers, Fassungslosigkeit. Wenn ein leidenschaftliches Eintreten für Freiheit und Demokratie, durch berechtigte Kritik an den derzeitigen Verhältnissen, als rechts angesehen wird, dann ist der Autor gerne rechts. Eben ein rechter Demokrat, wie es sich gehört!

Vielleicht leidet der Autor auch an Demokratie-Tourette: Ihr Pfeifen, ihr Pfeifen, ihr Pfeifen! Was habt ihr nur aus unserem Land gemacht. Unserem, hört ihr, nicht eurem!

Der Autor hat fertig (jedenfalls für heute!), Deutschland leider auch.

“Dieser Beitrag wurde mit dem Pareto-Client geschrieben.”

* *

(Bild von pixabay)

@ f0fd6902:a2fbaaab

https://stacker.news/items/1001523

@ 1817b617:715fb372

🚀 Instantly Send Spendable Flash BTC, ETH, & USDT — 100% Blockchain-Verifiable!

Step into the future of cryptocurrency innovation with CryptoFlashingTool.com — your go-to solution for sending spendable Flash Bitcoin (BTC), Ethereum (ETH), and USDT transactions. Using cutting-edge 🔥 Race/Finney-style blockchain simulation, our technology generates coins that are virtually indistinguishable from real, fully confirmed blockchain transactions. Transactions stay live and spendable from 60 up to 360 days!

🌐 Explore all the details at cryptoflashingtool.com.

🌟 Why Trust Our Crypto Flashing System? Whether you’re a blockchain enthusiast, ethical hacker, security expert, or digital entrepreneur, our solution offers a perfect mix of authenticity, speed, and flexibility.

🎯 Top Features You’ll Love: ✅ Instant Blockchain Simulation: Transactions are complete with valid wallet addresses, transaction IDs, and real confirmations.

🔒 Privacy First: Works flawlessly with VPNs, TOR, and proxies to keep you fully anonymous.

🖥️ User-Friendly Software: Built for Windows, beginner and pro-friendly with simple step-by-step guidance.

📅 Flexible Flash Durations: Choose how long coins stay valid — from 60 to 360 days.

🔄 Full Wallet Compatibility: Instantly flash coins to SegWit, Legacy, or BCH32 wallets with ease.

💱 Exchange-Ready: Spend your flashed coins on leading exchanges like Kraken and Huobi.

📊 Proven Results: ✅ Over 79 billion flash transactions completed. ✅ 3000+ satisfied users around the globe. ✅ 42 active blockchain nodes ensuring fast, seamless performance.

📌 How It Works: Step 1️⃣: Input Transaction Info

Pick your coin (BTC, ETH, USDT: TRC-20, ERC-20, BEP-20). Set amount and flash duration. Enter the recipient wallet (auto-validated). Step 2️⃣: Make Payment

Pay in your selected crypto. Scan the QR code or use the provided address. Upload your transaction proof (hash and screenshot). Step 3️⃣: Launch the Flash

Blockchain confirmation simulation happens instantly. Your transaction appears real within seconds. Step 4️⃣: Verify & Spend

Access your flashed coins immediately. Verify your transactions using blockchain explorers. 🛡️ Why Our Flashing Tech Leads the Market: 🔗 Race/Finney Attack Mechanics: Mimics authentic blockchain behavior. 🖥️ Private iNode Clusters: Deliver fast syncing and reliable confirmation. ⏰ Live Timer: Ensures fresh, legitimate transactions. 🔍 Real Blockchain TX IDs: All transactions come with verifiable IDs.

❓ FAQs:

Is flashing secure? ✅ Yes, fully encrypted with VPN/proxy compatibility. Multiple devices? ✅ Yes, up to 5 Windows PCs per license. Chargebacks possible? ❌ No, flashing is irreversible. Spendability? ✅ Flash coins stay spendable 60–360 days. Verification after expiry? ❌ No, transactions expire after the set time. Support? ✅ 24/7 Telegram and WhatsApp help available. 🔐 Independent, Transparent, Trusted:

At CryptoFlashingTool.com, we pride ourselves on unmatched transparency, speed, and reliability. See our excellent reviews on ScamAdvisor and top crypto forums!

📲 Contact Us: 📞 WhatsApp: +1 770 666 2531 ✈️ Telegram: @cryptoflashingtool

🎉 Ready to Flash Like a Pro?

💰 Buy Flash Coins Now 🖥️ Get Your Flashing Software

The safest, smartest, and most powerful crypto flashing solution is here — only at CryptoFlashingTool.com!

 Instantly Send Spendable Flash BTC, ETH, & USDT — 100% Blockchain-Verifiable!

Step into the future of cryptocurrency innovation with CryptoFlashingTool.com — your go-to solution for sending spendable Flash Bitcoin (BTC), Ethereum (ETH), and USDT transactions. Using cutting-edge 

 Race/Finney-style blockchain simulation, our technology generates coins that are virtually indistinguishable from real, fully confirmed blockchain transactions. Transactions stay live and spendable from 60 up to 360 days!

 Explore all the details at cryptoflashingtool.com.

 Why Trust Our Crypto Flashing System? Whether you’re a blockchain enthusiast, ethical hacker, security expert, or digital entrepreneur, our solution offers a perfect mix of authenticity, speed, and flexibility.

 Top Features You’ll Love: 

 Instant Blockchain Simulation: Transactions are complete with valid wallet addresses, transaction IDs, and real confirmations.

 Privacy First: Works flawlessly with VPNs, TOR, and proxies to keep you fully anonymous.

 User-Friendly Software: Built for Windows, beginner and pro-friendly with simple step-by-step guidance.

 Flexible Flash Durations: Choose how long coins stay valid — from 60 to 360 days.

 Full Wallet Compatibility: Instantly flash coins to SegWit, Legacy, or BCH32 wallets with ease.

 Exchange-Ready: Spend your flashed coins on leading exchanges like Kraken and Huobi.

 Proven Results: 

 Over 79 billion flash transactions completed. 

 3000+ satisfied users around the globe. 

 42 active blockchain nodes ensuring fast, seamless performance.

 How It Works: Step 

: Input Transaction Info

• Pick your coin (BTC, ETH, USDT: TRC-20, ERC-20, BEP-20).
• Set amount and flash duration.
• Enter the recipient wallet (auto-validated).

Step 

: Make Payment

• Pay in your selected crypto.
• Scan the QR code or use the provided address.
• Upload your transaction proof (hash and screenshot).

Step 

: Launch the Flash

• Blockchain confirmation simulation happens instantly.
• Your transaction appears real within seconds.

Step 

: Verify & Spend

• Access your flashed coins immediately.
• Verify your transactions using blockchain explorers.

 Why Our Flashing Tech Leads the Market: 

 Race/Finney Attack Mechanics: Mimics authentic blockchain behavior. 

 Private iNode Clusters: Deliver fast syncing and reliable confirmation. 

 Live Timer: Ensures fresh, legitimate transactions. 

 Real Blockchain TX IDs: All transactions come with verifiable IDs.

 FAQs:

• Is flashing secure? 

 Yes, fully encrypted with VPN/proxy compatibility. - Multiple devices? 

 Yes, up to 5 Windows PCs per license. - Chargebacks possible? 

 No, flashing is irreversible. - Spendability? 

 Flash coins stay spendable 60–360 days. - Verification after expiry? 

 No, transactions expire after the set time. - Support? 

 24/7 Telegram and WhatsApp help available.

 Independent, Transparent, Trusted:

At CryptoFlashingTool.com, we pride ourselves on unmatched transparency, speed, and reliability. See our excellent reviews on ScamAdvisor and top crypto forums!

 Contact Us: 

 WhatsApp: +1 770 666 2531

 Telegram: @cryptoflashingtool

 Ready to Flash Like a Pro?

 Buy Flash Coins Now

 Get Your Flashing Software

The safest, smartest, and most powerful crypto flashing solution is here — only at CryptoFlashingTool.com!

@ 8bad92c3:ca714aa5

Key Takeaways

In this episode of TFTC, Jessy Gilger, Managing Partner at Sound Advisory and architect of Ganet Trust, unpacks the complexities of retiring on Bitcoin, emphasizing that the “right” amount depends on spending habits, age, and minimizing withdrawal pressure. He introduces Ganet Trust as a Bitcoin-native fiduciary solution that leverages multisig custody to meet institutional compliance standards without sacrificing decentralization. Jessy also critiques high-yield derivative products like MSTY, warning of systemic risks and advocating for safer alternatives like SMAs. The conversation broadens into the emotional pitfalls of financial decision-making, the importance of aligning wealth with values, and the evolving macro landscape where Bitcoin’s intersection with traditional finance and tax policy will shape how individuals and institutions protect and grow their holdings across generations.

Best Quotes

"The most comfort comes from putting as little pressure as possible against that stack."

"Multisig is the upgrade from a honeypot to a distributed key setup."

"If a whale pees in the pool, everyone is affected."

"Everyone feels late to Bitcoin because they know someone who got in earlier."

"Stacking Saturdays is my new stack sats."

"Bitcoin doesn’t know about trust, it knows private keys."

"The money is there to serve your values—not the other way around."

"Some financial products will help, some will hurt, and some will fail. Our job is to help clients navigate them safely."

Conclusion

This episode offers a powerful blend of practical insight and philosophical reflection on long-term Bitcoin strategy, emphasizing the need for sound custody, inheritance planning, and emotional discipline in a volatile, financialized world. Jessy Gilger introduces Ganet Trust as a vital solution for secure, compliant Bitcoin ownership, while his “stacking Saturdays” mantra reframes wealth as a pursuit of time, freedom, and meaningful priorities. As Bitcoin moves further into the mainstream, the conversation urges listeners to stay grounded, think generationally, and build resilient systems for both assets and life.

Timestamps

00:00 - Intro
0:33 - Bitcoin Retirement Planning at New All-Time Highs
5:22 - How Gannett Trust Works
10:05 - High Net Worth Bitcoin Storage and Estate Planning Solutions
16:48 - MSTY Derivatives: Understanding MicroStrategy Product Risks
19:53 - Bitkey
20:56 - How MSTY Works and the Whale in the Pool Problem
30:16 - Unchained
30:37 - Bitcoin Financialization and Corporate Treasury Strategy
39:35 - Avoiding Ego-Driven Bitcoin Mistakes and Building Bridges
47:33 - Stack Saturdays
53:15 - Tax Policy Changes and Wild Times Ahead
57:18 - Where to Find Gannett Trust and Closing

Transcript

(00:00) We have people retiring with hundreds of Bitcoin. Do you need to be on a yacht every week or are you staying humble and keeping those stats? 10 of the 12 ETFs are at Coinbase means all the keys are at Coinbase and with the news of the last week like, hey, there could be cracks. Micro Strategy is built on Bitcoin.
(00:18) It's got all of the risks of Bitcoin, right? But then it's got its own set of risks. Let's call them Sailor and Profitability. Then you have derivatives which are on top of Micro Strategy and they retain the risks of everything underneath. meeting on a on a day when we hit new all-time highs. Bitcoin approached $110,000.
(00:43) Got Jesse back on the show to talk about many things, not just the price ripping. A lot of good things happening on the unch unchained side of things. Watching Ganet Trust. We'll get into it. Yeah, lot lots of stuff happening. I think um the price likes Ganet. I I think that's the uh the mover. What uh I mean that's been a big discussion in in the space right now is uh are we heading to new all-time highs? How should Bitcoiners be preparing? How much Bitcoin do people need to retire? How how are you thinking about all this as we approach what seems
(01:22) to be another bull cycle? Yeah, that's a common question, right? How much Bitcoin do I need to retire? I get it a lot and there's so many other questions I want to ask like, well, how much money are you spending, right? Do you do you need to be on a yacht every week or are you staying humble and keeping those stats? And so, the amount of Bitcoin can vary because the spending pressure you're putting against your Bitcoin stack is the the biggest factor, right? And age is probably the second.
(01:54) a 30-year-old retiring on Bitcoin is different than a 75year-old retiring on Bitcoin just because of the horizon. So, stacks vary. We've got people retiring with um less than seven figures of Bitcoin because they have other assets and then we have people retiring with hundreds of Bitcoin um and putting very little pressure against that portfolio.
(02:16) So, can go in a lot of different ways. Um but it is a question of the day as you're poking new all-time highs. Everyone's like, "Well, how high is it going to get?" And then huge question is do we have cycles again right if countries are buying what what would a downside look like and that's the big question in the retirees mind is how do I protect and not ride that downside all the way down if we do have another 70 80% drawback. Yeah. No.
(02:42) And I think particularly for younger people having in their mind like the perspective of 21 million Bitcoin, 8 billion people, what's the stat? 60 million millionaires in the world. Mhm. How much how many stats do I need to get to to feel comfortable that I have a sufficient slice of the Bitcoin pie? That feel comfortable concept is just so different, right? because Bitcoin is moving and shaking and all-time highs or down 30% and that's still within a bull market.
(03:15) Is that comfortable, right? Can you actually hang it up and like, all right, not going into work and I'm just going to continue to ride these adoption cycles. I don't know if it ever gets comfortable. The most comfort comes from putting as little pressure as possible against that stack, right? that you're not pushing these withdrawal rates of like 5 10 20% of my Bitcoin stack.
(03:38) I'm needing to live on every because then you're requiring Bitcoin to do something for you in the short term which is just not great at, right? What what's Bitcoin price going to be in a year? Far less reliable than what's Bitcoin price going to be in 30 years. Yeah. Yeah. Yeah. Well, I I think one of the holdups too is the ability for people to get into Bitcoin and know where to put it and not only have certainty of what it will be valued at in 30 years, but will they have access to it? That's one thing that you guys
(04:10) have been very much focused. I know sound advisory is separate from Unchained technically but within the Unchained umbrella but Unchained focused on helping secure individuals and businesses and trust uh Bitcoin and I think today's announcement of Ganet Trust is a massive step in a direction towards more certainty for long-term holdings for particular entities.
(04:36) Yes, the unchained umbrella or or family of companies is growing and the intention will be for sound advisory to tuck under or be merged into folded into Ganet Trust Company as it gets stood up. But it is the most robust uh compliance offering that um is out there in the fiduciary space. And so that in my opinion was the one thing missing as people want to live on a Bitcoin standard.
(05:04) Sometimes they're in an entity or an organization or have a structure that requires a fiduciary standard. And these two coming together is solved by Ganet Trust Company. So it's going to be the most robust way to hold Bitcoin and have like true inheritance that can be um administered through generations. So how how does this work mechanically via Ganet? Mechanically.
(05:28) So as the first Bitcoin native trust company, other other trust companies do exist, right? but they don't build upon Bitcoin in the way that Unchained has. So Ganet in its um in its Unchained roots and using Unchained technology is going to be able to use multi-IG to achieve um trust company goals.
(05:50) And what that likely will mean is Ganet holding a key, Unchained holding a key, third party holding a key. Those three keys together ensure that the Bitcoin is not being held at any one spot, right? We could get into the Coinbase honeypot. We actually talked about this on our last episode like, "Hey, what do you think is the uh the risk out there that the industry might disagree with?" Said, "I'm launching a new segment.
(06:15) I'm going to ask you a prediction of what what's out there that the uh the industry doesn't see eye to eye with you at." And I was at conferences and they're saying, "Hey, Coinbase is the best. That's where we put all the cut." That means all the keys are at Coinbase and with the news of the last week like, hey, there could be cracks, right? If you've got exposure to Coinbase now, you could be questioning. I was on the list.
(06:37) I got the email. You were affected. That's not great. It doesn't feel good knowing that information that information could have been a lot worse. That headline could have been private keys being mismanaged. When you overlay what Ganet is going to offer to the custody space, it means that not all of the keys are going to be at any one entity.
(07:00) And so that gives the Bitcoiner who understands multisig the confidence that okay, I'm upgrading from a honeypot to a distributed key setup. But it has to be done in a fiduciary and compliant way to satisfy the the institutional and big money of the world, right? family offices, uh, Bitcoin treasury companies, they're going to need a structure that the CIO, the

@ 632ee5dc:fbc077e2

[API Key Request]

YewTuBot would like to use API keys with the Stacker News GraphQL API

Reasons: - parsing new YT links - convert YT links to YewTube links or any other INVIDIOUS instance available

Expect calls to the following GraphQL queries or mutations: - upsertComment to post comments

Estimate GraphQL API calls: - Max 1x upsertComment per upsertLink

Delivery: - Provide API via nostr encripted message to npub1vvhwthyptyqwzc2u5xgmcy73fn95nz6tyl2p7srkw6dx377qwl3q3axulx

https://stacker.news/items/1001507

@ cae03c48:2a7d6671

Bitcoin Magazine

Mapping Bitcoin’s Bull Cycle Potential

Bitcoin’s Market Value to Realized Value, or MVRV ratio, remains one of the most reliable on-chain indicators for identifying local and macro tops and bottoms across every BTC cycle. By isolating data across different investor cohorts and adapting historical benchmarks to modern market conditions, we can generate more accurate insights into where Bitcoin may be headed next.

The Bitcoin MVRV Ratio

The MVRV Ratio compares Bitcoin’s market price to its realized price, essentially the average cost basis for all coins in the network. As of writing, BTC trades around $105,000 while the realized price floats near $47,000, putting the raw MVRV at 2.26. The Z-Score version of MVRV standardizes this ratio based on historical volatility, enabling clearer comparisons across different market cycles.

Figure 1: Historically, the MVRV Ratio and the MVRV Z-Score have accurately identified cycle peaks and bottoms. View Live Chart

Short-Term Holders

Short-term holders, defined as those holding Bitcoin for 155 days or less, currently have a realized price near $97,000. This metric often acts as dynamic support in bull markets and resistance in bear markets. Notably, when the Short Term Holder MVRV hits 1.33, local tops have historically occurred, as seen several times in both the 2017 and 2021 cycles. So far in the current cycle, this threshold has already been touched four times, each followed by modest retracements.

Figure 2: Short Term Holder MVRV reaching 1.33 in more recent cycles has aligned with local tops. View Live Chart

Long-Term Holders

Long-term holders, who’ve held BTC for more than 155 days, currently have an average cost basis of just $33,500, putting their MVRV at 3.11. Historically, Long Term Holder MVRV values have reached as high as 12 during major peaks. That said, we’re observing a trend of diminishing multiples each cycle.

Figure 3: Achieving a Long Term Holder MVRV value of 8 could extrapolate to a BTC price in excess of $300,000. View Live Chart

A key resistance band now sits between 7.5 and 8.5, a zone that has defined bull tops and pre-bear retracements in every cycle since 2011. If the current growth of the realized price ($40/day) continues for another 140–150 days, matching previous cycle lengths, we could see it reach somewhere in the region of $40,000. A peak MVRV of 8 would imply a price near $320,000.

A Smarter Market Compass

Unlike static all-time metrics, the 2-Year Rolling MVRV Z-Score adapts to evolving market dynamics. By recalculating average extremes over a rolling window, it smooths out Bitcoin’s natural volatility decay as it matures. Historically, this version has signaled overbought conditions when reaching levels above 3, and prime accumulation zones when dipping below -1. Currently sitting under 1, this metric suggests that substantial upside remains.

Figure 4: The current 2-Year Rolling MVRV Z-Score suggests more positive price action ahead. View Live Chart

Timing & Targets

A view of the BTC Growth Since Cycle Lows chart illustrates that BTC is now approximately 925 days removed from its last major cycle low. Historical comparisons to previous bull markets suggest we may be around 140 to 150 days away from a potential top, with both the 2017 and 2021 peaks occurring around 1,060 to 1,070 days after their respective lows. While not deterministic, this alignment reinforces the broader picture of where we are in the cycle. If realized price trends and MVRV thresholds continue on current trajectories, late Q3 to early Q4 2025 may bring final euphoric moves.

Figure 5: Will the current cycle continue to exhibit growth patterns similar to those of the previous two cycles? View Live Chart

Conclusion

The MVRV ratio and its derivatives remain essential tools for analyzing Bitcoin market behavior, providing clear markers for both accumulation and distribution. Whether observing short-term holders hovering near local top thresholds, long-term holders nearing historically significant resistance zones, or adaptive metrics like the 2-Year Rolling MVRV Z-Score signaling plenty of runway left, these data points should be used in confluence.

No single metric should be relied upon to predict tops or bottoms in isolation, but taken together, they offer a powerful lens through which to interpret the macro trend. As the market matures and volatility declines, adaptive metrics will become even more crucial in staying ahead of the curve.

For more deep-dive research, technical indicators, real-time market alerts, and access to a growing community of analysts, visit BitcoinMagazinePro.com.

---

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.

This post Mapping Bitcoin’s Bull Cycle Potential first appeared on Bitcoin Magazine and is written by Matt Crosby.

@ 73d8a0c3:c1853717

[*What follows is an excerpt from my Novel: Redacted Science. It is a work in progress as I document 30 year long battle with a condition I know exists because I've seen the research. But, you cannot find it anymore. While my condition is worthy to note, and the science behind it fascinating, there is a larger issue at hand that we need to consider deeply in the tumultuous days to come. Who controls the data? Who controls the indexing? Everything is built from that which comes before. The novel 1984 was not just prescient — it was a warning we archived. Our LLMs learn from their indexes. We, as people, learn from memory — memories we’ve indexed, often anchored by photos we’ve kept. Societies, too, learn this way. They age. Each generation builds upon the memories of the last.

Our past — our index — creates the future. So... who controls the indexes? Who is shaping the future?*]

Maybe it wasn’t just bad luck. Maybe it started way earlier.

I used to wet the bed. Not once or twice. The doctors had said, and my Mom assured me, it would go away with age. And it did. The last time I remember wetting the bed I was a month from turning 16 years-old. [As I write this now, it is the first time I really come to grips with the fact I was that age.] The reason I know precisely the year and even the month was because I was on my sophomore church choir trip just after the school year completed. I was rooming with three other guys, and therefore sharing a bed with my best friend in the world. He never mentioned anything. Maybe he noticed. Maybe he didn’t. But that’s not just embarrassing. That’s diagnostic, if anyone's paying attention. I didn’t know it back then, but kids who wet the bed that long often have something wrong with the way their brain regulates antidiuretic hormone — ADH. The same hormone I’d later drown in.

Most people get a nice surge of ADH at night. It’s the body’s way of saying: We’re asleep now. Let’s conserve water, hold the urine. But if that signal’s off — if the hypothalamus doesn’t cue it, or the pituitary doesn’t release it, or the kidneys don’t listen — then the urine keeps coming. Every night. Like clockwork. Like something upstream never got the message.

Now fast forward.

Years later, I’ve got the opposite problem. Too much ADH. My kidneys hold everything. They think I’m dehydrated when I’m not. It’s like the system flipped, rewired itself backwards. And that’s not how regulation is supposed to work. Unless… maybe it never worked right to begin with.

Then there’s the seizure. Just one. Just a baby. Supposedly no big deal. But when a seizure hits in infancy — especially in or around the hypothalamus — it can scar circuits that control everything downstream: temperature, hunger, stress, thirst, hormone pulses, salt sensing. What if that one storm rewrote the rules?

We’ve got osmoreceptors in the brain — little sensors that taste the salt in our blood, literally — and baroreceptors in our neck and chest that feel pressure and stretch. Those two signals are supposed to balance out: salt vs volume. But what if the integration point, the part of the brain that weighs the inputs and decides whether to release ADH, got damaged? Or miscalibrated? Or hijacked?

What if that seizure set the initial mismatch?

What if bedwetting was the system trying to adapt to low nighttime ADH? What if a genetic condition made me susceptible to candidiasis being able to coexist with my system on a deeper level than normal? What if the candidiasis was the reason for the ADH malfunctions, even as a child, and that was due to some rare undocumented genetic trait? I bet someone would be interested in knowing about that trait. [That’s what we’re here for folks. You have to find it or, at a minimum, the science they redacted]. Or what if the seizure changed something and the candidiasis stepped in to “fix” it?

I have a deeper theory.

What if my so-called “adult-onset” SIADH isn’t an onset at all — but just the next phase of a long-broken feedback loop? Genetics, early seizures — maybe they didn’t just damage me. Maybe they rewired me for something different. What if I — and others like me — entered a kind of cooperative state with candidiasis, not as invaders, but as metabolic partners?

A symbiosis. An adaptation. A strange kind of upgrade.

Then phenobarbital hits — and everything breaks.

That drug might not just act on the brain. It may disrupt the fungal integration itself — cutting the shared metabolic wiring. And when that happens, the system flips its fuel priority. With the usual pathways disrupted, the body — or the fungus — starts scavenging protein directly from tissue. From me.

That’s why the patients in the case studies I found all had mucosal lining ulcerations (just like mine) — sudden, inconsistent, painful and immediately after administration of phenobarbitol — not as a reaction, but as a feeding response. We all had colonies in different places. The rupture didn’t just break the truce. It flipped the fuel switch. And what was once symbiosis became consumption.

What if it’s all related?

What if we weren’t just infected — we were entangled?

Even the HPA axis — that central stress command — it’s run by the hypothalamus too. And mine doesn’t work like yours. My mind is usually running at a speed that, in all honesty, is not what most people have going on. During all these transitions, things hit me different. . I’ve gone through significantly long periods of what I would just call temperature disregulation, where my system is just not right.

This isn’t just a hormone problem. It’s a whole-brain misinterpretation of reality. A mistranslation between body and mind, with electrolytes as the lost language. And, this treatment, it puts everything in overdrive. That's why we don't have it documented. This treatment, even though it causes a lifetime of on and off dysregulation as it breaks down the barriers to reach total maximal ATP consumption by the candidiasis, it is an upgrade in many ways. An overclock worthy of the best hard-code gamer.

So no. I don’t think my path was random. I think there is something more significant. The body type similarities of the men in the original documented study and same initiating condition that led to the treatment that then caused the iatrogenic condition

It was earned. Layered. A slow-building adaptation — maybe even an intelligent one — that didn’t quite work, but didn’t quite kill me either.

Not yet.

@ 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.

@ f0fd6902:a2fbaaab

A brinicle (brine icicle, also known as an ice stalactite) is a downward-growing hollow tube of ice enclosing a plume of descending brine that is formed beneath developing sea ice.

As seawater freezes in the polar ocean, salt brine concentrates are expelled from the sea ice, creating a downward flow of dense, extremely cold, saline water, with a lower freezing point than the surrounding water. When this plume comes into contact with the neighboring ocean water, its extremely low temperature causes ice to instantly form around the flow. This creates a hollow stalactite, or icicle, referred to as a brinicle. Source: https://en.wikipedia.org/wiki/Brinicle

https://www.youtube.com/watch?v=69aeBawfrRw

https://stacker.news/items/1001460

@ 87fedb9f:0da83419

Finding Calm in the Chaos

Ever notice how you start future-mapping to calm your nerves… and end up more anxious than when you began? You’re not alone! Join us for a playful, real-talk exploration of why our brilliant minds try to control everything — and how empathy, Buddhist wisdom, and EFT tapping can help us step out of the anxious loop and land back in the delicious now.

https://www.thrivingnow.center/t/1491/4

https://youtu.be/VRx63O19dMM

We covered…

1. Future Mapping is Fish-and-Water Awareness We often don’t realize how much mental energy we spend constantly planning scenarios - “if it rains, if they get upset, if this happens then that…” This protective pattern started early but now we can bring it into conscious awareness and choose how much energy to invest.

2. The Empathy App Creates Endless Scenarios Our empathetic nature means we’re not just planning for ourselves - we’re mapping out everyone else’s potential reactions, feelings, and needs. This creates exponentially more “what if” scenarios that keep our minds spinning in overdrive.

3. Fault-Finding is Too Crude for Thriving When we automatically assign blame (usually to ourselves), we’re operating from primitive brain patterns. Upgrading to a more refined viewpoint means seeing the “dance of energies” where everyone contributes and sometimes feet get stepped on - it’s part of life.

4. We Can’t Actually Control the River Life flows like a river, and we can steer our canoe but we cannot change the river itself. Our anxiety often signals we’re trying to do the impossible - control weather, other people’s moods, or outcomes beyond our influence.

5. Magical Thinking Says “If I Worry Enough, It Will Work Out” We unconsciously believe that suffering through worry ahead of time will somehow guarantee good outcomes. Our nervous system knows this is a lie, which creates more anxiety. We can release this “prepayment” fantasy.

6. Distributing the Broccoli Back to Its Owners We often scoop up everyone else’s responsibilities onto our plate to avoid conflict or being blamed. Learning to ask “Is this really my broccoli?” helps us return emotional and practical responsibilities to their rightful owners.

7. Include Safe and Good Possibilities in Your Maps When we only map threats and problems, we miss opportunities for joy, connection, and creative solutions. Consciously including positive possibilities activates different parts of ourselves - the creative, hopeful, and inspired aspects.

8. Tapping While Thinking Moves Energy Out of Stuck Loops Simply speaking our thoughts aloud while tapping the acupressure points breaks the narrow band of mental spinning. This engages our body’s intelligence and often reveals what words or feelings want to emerge beyond our conscious planning.

9. Being With What Is vs. Making Everyone Happy Instead of trying to make everyone feel good all the time (which is impossible), we can practice being present with people as they actually are. This is more respectful, connected, and requires much less exhausting management.

10. Anxiety Can Be Wise Body Guidance Rather than just a problem to fix, our anxiety often signals we’re trying to do something unwise - like changing unchangeable things or telling ourselves lies about what we can control. We can listen to this guidance.

11. The Sweet Spot of Thoughtful Planning We’re not throwing away our planning abilities - we’re finding the balance between appropriate preparation (throwing an umbrella in the bag) and exhausting over-management (trying to control every possible variable). Good and sufficient planning honors both our intelligence and life’s natural flow.

@ cae03c48:2a7d6671

Bitcoin Magazine

‘MicroStrategy of Asia’ Metaplanet Aims To Acquire Over 210,000 BTC By the End of 2027

Metaplanet Inc. widely recognized as Japan’s leading Bitcoin treasury company, has announced a major update to its Bitcoin accumulation strategy, unveiling the “555 Million Plan” aimed at acquiring over 210,000 BTC by the end of 2027, which is equivalent to 1% of Bitcoin’s total supply.

*Metaplanet Announces Accelerated 2025-2027 Bitcoin Plan: Targeting 210,000 $BTC by 2027*

Full Presentation: https://t.co/JG28maMdfd pic.twitter.com/i9kzmjlDT8

— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025

This new target marks a dramatic increase from the company’s earlier “21 Million Plan,” which aimed for just 21,000 BTC by 2026. Progress far outpaced expectations, with 8,888 BTC already secured as of June 2, prompting the strategic shift.

To fund this growth, Metaplanet has launched Asia’s largest Bitcoin-focused equity raise, aiming to secure ¥770.9 billion (approximately $5.4 billion) through the issuance of 555 million shares via moving strike warrants. This is the first structure of its kind in Japan, priced at a premium to market, made possible by the company’s high share liquidity and volatility.

At the Annual General Meeting on March 24, shareholders approved an increase in authorized shares from 161 million to 1.61 billion, following a 10-for-1 stock split effective April 1, 2025; Metaplanet has approximately 296 million authorized shares remaining. The 555 million shares being issued under the new plan will bring the company’s fully diluted shares outstanding to around 759 million.

Metaplanet’s Bitcoin yield targets and performance for 2025 have shown strong momentum, with quarterly BTC yields of 41.7% in Q3 2024, 309.8% in Q4 2024, 95.6% in Q1 2025, 66.3% in Q2 2025, and projected 35% yields for both Q3 and Q4 2025. The year-to-date BTC yield for 2025 stands at 225.4%, closing to the full year target of 232%. 

Metaplanet also announced the issuance of the 20th to 22nd Series of Stock Acquisition Rights via a third-party allotment to EVO FUND, potentially adding 555 million new shares. The initial exercise price is set at JPY 1,388 and will adjust regularly based on stock prices, with some series including a premium to protect shareholders. The exercise period runs from June 24, 2025, to June 23, 2027, with expected proceeds of approximately JPY 767.4 billion. This financing supports the “555 Million Plan” and further Bitcoin accumulation.

Metaplanet CEO Simon Gerovich wrote in a post on X, “thanks to all of our shareholders,” he said. “We are honored to be on this journey with you. Metaplanet is accelerating into the future — powered by Bitcoin.”

Metaplanet has launched Asia’s largest-ever equity raise dedicated to Bitcoin:
¥770.9 billion (~$5.4B) capital raise
555 million shares via moving strike warrants
First in Japan: issued at a premium to market — enabled by Metaplanet’s high volatility and deep liquidity… pic.twitter.com/UlXHneyDzo

— Simon Gerovich (@gerovich) June 6, 2025

This post ‘MicroStrategy of Asia’ Metaplanet Aims To Acquire Over 210,000 BTC By the End of 2027 first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 9ca447d2:fbf5a36d

In a massive vote of confidence for a new bitcoin-focused company, Tether and Bitfinex have moved over 37,000 BTC—worth $3.9 billion—to digital treasury firm Twenty One Capital. This is one of the largest Bitcoin transactions in recent history.

The announcement came from Paolo Ardoino, CEO of Tether and CTO of Bitfinex, through multiple posts on X. According to Ardoino, the transfers were part of a pre-funding round for the launch of Twenty One Capital, a new company that will lead the bitcoin treasury space.

Ardoino announced several transfers on X — Sources 1, 2, 3, 4, and 5

“Tether Group is moving 10,500 BTC to address bc1qpzt4m58zzqgp84ktyuj5tz8g8k8ssg2g2d5eeerwhx4gxulqq5mqjzm5gc as part of the pre-funding of SoftBank’s investment in Twenty One Capital (XXI)” Ardoino said.

Twenty One Capital is a new bitcoin treasury firm led by Jack Mallers, CEO of Strike and founder of Zap. The company is backed by Tether, Bitfinex, SoftBank and Cantor Fitzgerald.

The company will go public via a SPAC merger with Cantor Equity Partners (CEP) and will trade under the ticker XXI on Nasdaq. After the merger was announced CEP’s stock price skyrocketed from $11 to $59.75.

Cantor Equity Partners’ stock price jumped on news of the merger — TradingView

Mallers says the company’s mission is bold and clear: accumulate bitcoin and provide full transparency through public wallet disclosures, also known as providing “proof-of-reserves“.

Total bitcoin moved to Twenty One Capital so far include:

• 10,500 BTC from Tether on behalf of SoftBank (worth about $1.1 billion)
• 19,729.69 BTC from Tether (worth around $2 billion)
• 7,000 BTC from Bitfinex (valued at roughly $740 million)

The amounts sum up to 37,229.69 BTC, worth around $3.9 billion at current prices. These were verified on public blockchain explorers.

The Twenty One Capital wallets now show large balances. They have already confirmed they have 31,500 BTC. That makes them the 3rd largest corporate bitcoin holder behind Strategy and Marathon Digital Holdings.

Once these new transfers are confirmed, the company will take over Marathon to become the second-largest corporate holder of the scarce digital asset globally.

Related: Twenty One Capital Becomes 3rd-Largest Corporate Holder of Bitcoin

Unlike companies that add bitcoin to their balance sheet, Twenty One Capital exists solely to accumulate and manage bitcoin. It follows a model similar to Strategy but is more transparent.

Mallers introduced new financial metrics like Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR) to value the company in bitcoin terms, not fiat.

He thinks economic value in the future will not be measured in dollars but in satoshis—the smallest unit of bitcoin. The company is not just about guarding against fiat collapse, but about completely opting out of the system.

A key part of the firm’s strategy is proof of reserves. Unlike some other big bitcoin holders, Twenty One Capital has already published its public wallet addresses so anyone can verify its holdings in real time.

Ardoino called this approach “Bitcoin Treasury Transparency (BTT)” and said it’s a response to recent industry scandals that showed the dangers of financial opacity in digital assets.

Mallers added openness is the only way to build long-term trust in a bitcoin-native financial system.

Twenty One Capital wants to reshape financial infrastructure, build native bitcoin lending models and promote global Bitcoin adoption.

@ 2b24a1fa:17750f64

Er war schon immer ein streitbarer. Seine Kritik richtete sich an ein Gesundheitssystem, das durch eine durch Pharmalobby erkaufte oder erpresste Politik ermöglicht wurde. Seit Ausrufung der sogenannten Corona-Pandemie fuhr er zu Höchstleistungen auf. Es ist Dr. Gunter Frank, Schulmediziner mit Erfahrungen im Krankenhaus, Notfallmediziner, ausgebildet in Naturheilverfahren, Sachbuchautor, engagiert in diversen medizinischen und naturheilkundlichen Gesellschaften und betreibt eine eigene Praxis...

https://soundcloud.com/radiomuenchen/arzte-die-in-gut-und-gose-einteilen-der-zivilisationsbruch-interview-mit-dr-gunter-frank?

Im größten Medizinskandal in der Geschichte der Bundesrepublik, der Corona-Krise, nennt er Hausnumnmern wie 100-200.000 langfristig, gesundheitlich schwer Geschädigten und etwa 20 - 40.000 durch Genimpfung Verstorbene. Ob diese Zahlen haltbar sind, weit über- oder untertrieben wird die Geschichte zeigen. Welche Hintergründe er aber vermutet und über die neuen Deutungen medizinischer Erkenntnisse, spricht meine Kollegin Eva Schmidt jetzt mit dem Mediziner Dr. Gunter Frank und wollte zunächst wissen, wann und warum er zum Medizinsystemkritiker wurde, welches sein Erweckungserlebnis, noch weit vor Corona gewesen sein muss:

@ 81022b27:2b8d0644

You probably already know that I’ve been playing around with the whole Nostr thing.

Well, slowly I have been posting my content on Nostr. The long-form content., like my https://www.theintuitivechiropractor.com am using Habla.news

Habla.News is basically a blog app. It’s like a Substack, but you don’t have the newsletter feature, but I hear one may be in the works.

So from what I understand so far, your content is all published in one stream, but different sites handle the content differently.

A Twitter-like short post reader like Primal will organize short post and a long-form reader like Habla will do the articles.

I created a personal webpage on Npub.Pro and a links page (like a LinkTree) as well.

You can click on to see some of those pages.

Now, I’m having issues with the NPub page, because sometimes it wants to show my content, sometimes it decides not to.

Did I mention all of this is FREE?

It’s a bit complicated to setup at first, especially if you are unfamiliar with crypto wallets and that kind of stuff-but you get the feeling this is all new stuff and we are here in a new frontier where this could end up being revolutionary.

Follow my posts on here to see how I progress. If you would like to start on Nostr, I will do everything I can to help you out.

Live Long and Prosper,

-Dan

@ b1ddb4d7:471244e7

The latest AI chips, 8K displays, and neural processing units make your device feel like a pocket supercomputer. So surely, with all this advancement, you can finally mine bitcoin on your phone profitably, right?

The 2025 Hardware Reality: Can You Mine Bitcoin on Your Phone

Despite remarkable advances in smartphone technology, the fundamental physics of bitcoin mining haven’t changed. In 2025, flagship devices with their cutting-edge 2nm processors can achieve approximately 25-40 megahashes per second when you mine bitcoin on your phone—a notable improvement from previous generations, but still laughably inadequate.

Meanwhile, 2025’s top-tier ASIC miners have evolved dramatically. The latest Bitmain Antminer S23 series and Canaan AvalonMiner A15 Pro deliver 200-300 terahashes per second while consuming 4,000-5,500 watts. That’s a performance gap of roughly 1:8,000,000 between when you mine bitcoin on your phone and professional mining equipment.

To put this in perspective that hits home: if you mine bitcoin on your phone and it earned you one penny, professional miners would earn $80,000 in the same time period with the same effort. It’s not just an efficiency problem—it’s a complete category mismatch.

According to Pocket Option’s 2025 analysis, when you mine bitcoin on your phone in 2025, you generate approximately $0.003-0.006 in daily revenue while consuming $0.45-0.85 in electricity through constant charging cycles. Factor in the accelerated device wear (estimated at $0.75-1.20 daily depreciation), and you’re looking at losses of $1.20-2.00 per day just for the privilege of running mining software.

Mining Economic Factor

Precise Value (April 2025)

Direct Impact on Profitability

Smartphone sustained hash rate

20-35 MH/s

0.00000024% contribution to global hashrate

Daily power consumption

3.2-4.8 kWh (4-6 full charges)

$0.38-0.57 at average US electricity rates

Expected daily BTC earnings

0.0000000086 BTC ($0.0035 at $41,200 BTC)

Revenue covers only 0.9% of electricity costs

CPU/GPU wear cost

$0.68-0.92 daily accelerated depreciation

Reduces smartphone lifespan by 60-70%

Annual profit projection

-$386 to -$412 per year

Guaranteed negative return on investment

Source: PocketOption

Bitcoin’s 2025 Network: Harder Than Ever

Bitcoin’s network difficulty in 2025 has reached unprecedented levels. After the April 2024 halving event that reduced block rewards from 6.25 to 3.125 BTC, mining became significantly more competitive. The global hash rate now exceeds 800 exahashes per second—that’s 800 followed by 18 zeros worth of computational power securing the network.

Here’s what this means in practical terms: Bitcoin’s mining difficulty adjusts every 2,016 blocks (roughly every two weeks) to maintain the 10-minute block time. As more efficient miners join the network, difficulty increases proportionally. In 2025, mining difficulty has increased compared to 2024, making small-scale mining even less viable.

The math is unforgiving:

• Global Bitcoin hash rate: 828.96 EH/s
• Your smartphone’s contribution: ~0.000000003%
• Probability of solo mining a block: Virtually zero
• Expected time to mine one Bitcoin: Several million years

Even joining mining pools doesn’t solve the economic problem. Pool fees typically range from 1-3%, and your minuscule contribution would earn proportionally tiny rewards—far below the electricity and device depreciation costs.

The 2025 Scam Evolution: More Sophisticated, More Dangerous

Fraudsters now leverage AI-generated content, fake influencer endorsements, and impressive-looking apps that simulate realistic mining activity to entice you to mine bitcoin on your phone.

New 2025 scam tactics include:

AI-Powered Fake Testimonials: Deepfake videos of supposed successful mobile miners showing fabricated earnings statements and encouraging downloads of malicious apps.

Gamified Mining Interfaces: Apps that look and feel like legitimate games but secretly harvest personal data while simulating mining progress that can never be withdrawn.

Social Media Manipulation: Coordinated campaigns across TikTok, Instagram, and YouTube featuring fake “financial influencers” promoting mobile mining apps to younger audiences.

Subscription Trap Mining: Apps offering “free trials” that automatically charge $19.99-49.99 monthly for “premium mining speeds” while delivering no actual mining capability.

Recent cybersecurity research shows that over 180 fake mining apps were discovered across major app stores in 2025, with some accumulating more than 500,000 downloads before being removed.

Red flags that scream “scam” in 2025:

• Apps claiming “revolutionary mobile mining breakthrough”
• Promises of earning “$10-50 daily” from phone mining
• Requirements to recruit friends or watch ads to unlock withdrawals
• Apps that don’t require connecting to actual mining pools
• Testimonials that seem too polished or use stock photo models
• Apps requesting permissions unrelated to mining (contacts, camera, microphone)

The 2025 Professional Mining Landscape

To understand why, consider what professional bitcoin mining looks like in 2025. Industrial mining operations now resemble high-tech data centers with:

Cutting-edge hardware:

• Bitmain Antminer S23 Pro: 280 TH/s at 4,800W
• MicroBT WhatsMiner M56S++: 250 TH/s at 4,500W
• Canaan AvalonMiner A1566: 185 TH/s at 3,420W

Infrastructure requirements:

• Megawatt-scale power contracts with industrial electricity rates
• Liquid cooling systems maintaining 24/7 optimal temperatures
• Redundant internet connections ensuring zero downtime
• Professional facility management with 24/7 monitoring

For a small operation, you might need at least $10,000 to $20,000 to buy a few ASIC miners, set up cooling systems, and cover electricity costs. These operations employ teams of engineers, maintain relationships with power companies, and operate with margins measured in single-digit percentages.

2025’s Legitimate Mobile Bitcoin Strategies

While it remains impossible to mine bitcoin on your phone profitably, 2025 offers exciting legitimate ways to engage with bitcoin through your smartphone:

Lightning Network Participation: Apps like Phoenix, Breez, and Zeus allow you to run Lightning nodes on mobile devices, earning small routing fees while supporting bitcoin’s payment layer.

Bitcoin DCA Automation: Services enable automated dollar-cost averaging with amounts as small as $1 daily. Historical data shows $10 weekly bitcoin purchases consistently outperform any mobile mining attempt by 1,500-2,000%.

Educational Mining Simulators: Legitimate apps like “Bitcoin Mining Simulator” teach mining concepts without false earning promises. These educational tools help users understand hash rates, difficulty adjustments, and mining economics.

Stacking Sats Rewards: Apps offering bitcoin rewards for shopping, learning, or completing tasks.

Lightning Gaming: Bitcoin-native mobile games where players can earn sats through skilled gameplay, with some players earning $10 monthly.onfirm that even the most optimized mobile mining setups in 2025 lose money consistently and predictably.

The Bottom Line

When you mine bitcoin on your phone fundamental economics remain unchanged: it’s impossible to profit. The laws of physics, network competition, and energy efficiency create insurmountable barriers that no app can overcome.

However, 2025 offers unprecedented opportunities to engage with bitcoin meaningfully through your smartphone. Focus on education, legitimate earning opportunities, and strategic investment rather than chasing the impossible dream of phone-based mining.

The bitcoin community’s greatest strength lies in its commitment to truth over hype. When someone promises profits to mine bitcoin on your phone in 2025, they’re either uninformed or deliberately misleading you. Trust the mathematics, learn from the community, and build your bitcoin knowledge and holdings through proven methods.

The real opportunity in 2025 isn’t to mine bitcoin on your phone—it’s understanding bitcoin deeply enough to participate confidently in the most important monetary revolution of our lifetime. Your smartphone is the perfect tool for that education; it’s just not a mining rig.

@ 2b24a1fa:17750f64

Wenn sich die Spieler nach einem hart umkämpften Fußballmatch die Hand reichen oder einander abklatschen, zeugt das von Sportsgeist. Das heißt: Wir haben uns im Spiel zwar nichts geschenkt, aber wir respektieren einander und als Verlierer erkennen wir an, dass die andere Mannschaft besser gespielt hat und unsere Niederlage in Ordnung geht.

https://soundcloud.com/radiomuenchen/die-wrestling-demokratie-ein-kommentar-von-jonny-rieder?

Und auch die Gewinner zollen dem Gegner Respekt, verhöhnen ihn nicht. Selbstverständlich sollte gegenseitiger Respekt auch in der Politik gelten. Man sollte einander zuhören und argumentieren, anstatt Kollegen schon deshalb zu verachten, weil sie einer anderen Partei angehören. Aber: Wenn ein Politiker eine andere Partei massiv kritisiert und ihrem Antrag anschließend trotzdem zustimmt, zeigt er damit nicht Respekt vor dem politischen Gegner, sondern Verachtung für den Wähler. Was der Deutsche Bundestag im März 2025 demonstrierte, also in der Übergangsphase vom alten Bundestag und dem noch nicht einberufenen neu gewählten Parlament, war genau das: angewandte Wählerverachtung. Etwas zuzustimmen, das ich eben noch vehement verdammt habe, zeugt nicht von Demokratieverständnis oder von politischem Sportsgeist, sondern von dessen fundamentaler Ablehnung. Erst recht, wenn die Zustimmung für alle ersichtlich erkauft wurde. Hören Sie Jonny Rieders Kommentar „Die Wrestling-Demokratie“.

Sprecher: Karsten Troyke

Bild: ChatGPT im Auftrag von Radio München

@ cae03c48:2a7d6671

Bitcoin Magazine

TakeOver Successfully Hosts Second Annual BitGala Celebrating Bitcoin in Las Vegas

LAS VEGAS, NV, May 26, 2025 – TakeOver, Magic Eden, Spark, and Stacks successfully hosted their second annual BitGala on May 26th at the Wynn in Las Vegas. The celebration brought together over 200 Bitcoin industry leaders and community members for an evening dedicated to celebrating Bitcoin. 

The BitGala was designed as a curated gathering focused on inspiring continued development, education, and adoption while reflecting on the strides Bitcoin has made toward a future of open, decentralized money. The event successfully brought together key leaders, creating meaningful opportunities for collaboration and strategic partnerships within the Bitcoin space. 

“BitGala celebrates our partnership with Spark, marketing a major leap forward for Bitcoin DeFi,” said Elizabeth Olson, Head of Marketing for Bitcoin at Magic Eden. “As the #1 Bitcoin app, Magic Eden has spent the past few years pushing Bitcoin L1 to its limits, always with the goal of making Bitcoin more usable, fast, and fun without compromising its core ethos. We believe Spark has the potential to unlock a new era of building on Bitcoin, and we’re thrilled to be leading that charge together.” 

“The BitGala was a stunning celebration of Bitcoin culture where luxury meets the cypherpunk spirit. We’re proving that Bitcoin isn’t just a protocol, it’s a movement connecting freedom-minded people from art, fashion, finance, and more. To us, it was a pure signal that people are starting to see what Stacks has been building all along: a future where Bitcoin isn’t just held, but used for apps, defi, and real ownership.” – Rena Shah, COO of Stacks. 

Set against the backdrop of the Sphere, the evening brought together innovators, investors, and community leaders for a night dedicated to celebrating Bitcoin’s growth and the people driving its future. 

The program opened with a welcome reception, followed by gourmet hors d’oeuvres and vibrant conversations. A keynote and honors segment recognized those making meaningful strides in Bitcoin adoption and development. Guests were then invited to explore a premium tequila tasting experience curated by Reach, and indulge in interactive gourmet chef stations. 

“Our team has been fortunate to be part of the Bitcoin community since 2016, so we’re thrilled to see all the progress on display almost 10 years later at Bitcoin 2025. The energy in the room at BitGala was electric—from conversations sparking new partnerships to shared reflections on what’s next for Bitcoin—it was a powerful reminder of why we’re all here: to build an open, decentralized financial system that empowers everyone.” noted Kelley Weaver, Founder and CEO, Melrose PR and Founder, Bitwire. 

This unforgettable gathering—hosted in partnership with leading organizations including Magic Eden, Spark, and Stacks—was more than a celebration. It was a call to continue pushing forward innovation, education, and adoption in

the Bitcoin ecosystem. BitGala was made possible through the generous support of key sponsors and partners who share Takeover’s commitment to fostering connections in the web3 space. 

“We’re focused on making Bitcoin more useful for everyone, and events like this remind us that we’re not alone in that mission. It was inspiring to connect with others who share the vision of a more open, decentralized financial future powered by Bitcoin.” – Spark Team 

Presenting Sponsors: 

• Magic Eden – The largest NFT marketplace and Runes platform. 
• Spark – The fastest, cheapest, most UX-friendly way to build financial apps and launch assets on Bitcoin.
• Stacks – A Bitcoin L2 enabling smart contracts & apps with Bitcoin as secure base layer. 

Supporting Partners: 

• Reach Ventures – a gaming-focused VC firm that actively invests in both early-stage and demo-ready game studios.
• Arch Network – a Bitcoin-native platform for building decentralized apps and smart contracts directly on Bitcoin. 
• Melrose PR – An onchain communications firm that has been focused on the crypto industry exclusively for almost a decade. 
• Bitwire – The modern newswire reimagined for today’s communications professionals. 

The collaborative support from these organizations was instrumental in delivering a memorable event for all attendees. 

Actor and comedian T.J. Miller was also a speaker at the event: “The bitcoin conference 2025 was incredible for so many reasons. It was such a joyful journey to be with so many like-minded people (all of whom have been laughed at) who share the same values: freedom, community, hope, and getting rich- the highpoint was the BitGala. I bought incredibly large expensive shoes for the specific purpose of showing up to the gala non-verbally saying bitcoin destroying Fiat, well that’s big shoes to fill… and we’ll fill ‘em. I can’t wait to return next year. I will wear more orange.” 

About TakeOver 

TakeOver is the experiential agency at the forefront of culture and innovation in the crypto space, known for curating powerful moments that educate, connect, and inspire. With a global Bitcoin Dinner Series and their annual flagship event, BitGala, they’ve become a cornerstone of community-building in Web3. Last year, they made headlines with a dramatic takeover of Nashville’s Parthenon—setting the bar for what crypto gatherings can be. 

About Magic Eden 

Magic Eden is the easiest platform to trade all digital assets onchain. As the #1 Bitcoin app and largest NFT marketplace, we provide a seamless trading experience to everyone. Magic Eden’s acquisition of Slingshot has expanded their capabilities to offer frictionless trading of over 5,000,000 tokens across all major chains. Magic Eden’s expanded product suite includes a cross-chain wallet, powerful trading tools, and the ability to mint, collect, and seamlessly trade NFTs and tokens.

---

Disclaimer: This is a sponsored press release. Readers are encouraged to perform their own due diligence before acting on any information presented in this article.

This post TakeOver Successfully Hosts Second Annual BitGala Celebrating Bitcoin in Las Vegas first appeared on Bitcoin Magazine and is written by TakeOver.

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin 2025 Las Vegas: Here’s What Went Down 

My name is Jenna Montgomery, and maybe you’ve read some of my news articles here before, or seen me on the Bitcoin Magazine TikTok. But today, I wanted to switch it up and give you an inside look at the Bitcoin 2025 Conference in Las Vegas through my eyes as an intern, hired just one month before the conference, having little knowledge about Bitcoin beforehand and never attending an event like this before. 

I’m writing this to give you a real, raw reflection of what I experienced over the course of the three day event, and why I believe you should absolutely attend the next Bitcoin conference. I want you all to know what goes down, what to expect, and to know how impactful I think this event really is. Bitcoin 2025 made a lasting impact on me and my life, and it just feels right to tell you why, so yours can maybe be changed too.

I got off the plane, threw my suitcase in my hotel room, and went to go and see the convention center as all of the finishing touches around the venue were being added. I remember thinking how big, beautiful, and fun the expo hall was—and where I would soon meet so many new people, make so many friends, and shake hands with people that I looked up to and admired. 

I will never forget walking in and seeing the main conference stage, The Nakamoto Stage, for the first time. Seeing that giant room with a symphony and endless rows of chairs, soon to be filled with thousands of passionate Bitcoiners, really put in perspective to me how Bitcoin 2025 wasn’t just a conference, it felt like something bigger. I realized it’s an actual community and a place of countless opportunities. 

The conference is essentially split up into 3 days: Industry Day, General Admission Day 1, and General Admission Day 2. Industry Day was mainly tailored towards professionals, investors, founders, and others focused on Bitcoin businesses. The general admission days were tailored more towards the casual Bitcoiner, and those were the days that I really felt the energy just exploding around the convention center.

INDUSTRY DAY 

Walking into the expo hall early in the morning on Industry Day, I was overwhelmed when I saw all of the vendors and companies setting up their tables, booths, stages, and even a rock climbing wall (thank you CleanSpark). It seemed as if the expo hall went for miles and miles, and featured a long orange carpet that made an intricate path through the venue that led you to each and every booth.

While fiat fails, Bitcoin prevails. pic.twitter.com/EV190PUqdT

— Valentina Gomez (@ValentinaForUSA) May 27, 2025

I remember being in total awe as I looked up at the ceiling and saw a huge UFO in the middle of the expo hall, with two Bitcoin themed Cybertrucks just off to the side of it, with lots of other interesting booths including one with a talking robot.

DAY ONE pic.twitter.com/KHXP6q8RCp

— Gemini (@Gemini) May 27, 2025

As I followed the long orange carpet around the venue, I looked over my shoulder and saw a huge blow-up of a Bitcoin Puppet in the art exhibit, featuring all kinds of other cool Bitcoin art. Some of these pieces of art were worth well over one bitcoin—which was mindblowing to me considering that is more than $100,000. Every good revolution has good art, and seeing all the talented artists pouring their hearts into their work helped me believe that Bitcoin is the future. 

Now, it was time to get to work at where I would spend the majority of my time over the next few days. My coworkers and I were stationed up right in front of the Bitcoin Magazine news desk next to the AV (audio-visual) team, where I had a perfect view of everything. Here, I spent all day every day writing news articles for Bitcoin Magazine based on the speeches, keynotes, and other panels happening on the Nakamoto stage, as well as filming TikTok’s around the expo hall with attendees.

Working in front of the news desk was one of my favorite things about the conference. Everyone who spoke on it live had an electrifying personality that kept me locked into every conversation, especially one of the hosts Pete Rizzo. After every talk on the Nakamoto Stage ended, the live stream would pan over to the news desk where they would break down what happened, providing viewers with expert analysis. This was something extremely very fun to watch live and experience the production of it all first hand.

The talks on Industry Day kicked off to such a great start with Dan Edwards from Steak ‘n Shake, who recently became the first major fast food chain in America to begin accepting Bitcoin Lightning payments. So I was very excited to hear about Edwards’ speech and to visit Steak ‘n Shake’s incredible booth, which also featured a group of fun, dancing cows. 

Steak ‘n Shake COWS HAVE NO CHILL pic.twitter.com/8UkmPhWf9T

— The Bitcoin Conference (@TheBitcoinConf) May 28, 2025

While speaking on stage, Edwards revealed that, “Bitcoin is faster than credit cards, and when customers choose to pay in Bitcoin, we’re saving 50% in processing fees.” Just think about that for a second — saving a whole 50% on each transaction? This really opened my eyes to the benefits of accepting Bitcoin as payment and why it could mean to merchants who adopt it.

Based on everything I heard in that speech, I think Steak ‘n Shake may be the first to start a new trend of other big companies accepting Bitcoin. If they recognized the benefits of Bitcoin, it’s only a matter of time before other franchises do as well.

JUST IN: Fast food giant Steak 'n Shake announced they're saving 50% in processing fees accepting Bitcoin payments

'#Bitcoin is faster than credit cards' pic.twitter.com/bxApgBL6El

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

Another big highlight from this day was hearing Senator Cynthia Lummis confirm that President Donald Trump supports her Strategic Bitcoin Reserve Act. There were so many statements made during the conference that I will get to later on that point to the fact that the United States is pro-Bitcoin and we’re going to be the world leader in it. Senator Marsha Blackburn also added to this, stating, “Many of our allies follow what we do. If we lead, others will follow. This is vital to our economic future.” 

JUST IN: Senator Cynthia Lummis said US military generals are "big supporters" of a Strategic Bitcoin Reserve for economic power. pic.twitter.com/2RPMV3tbdA

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

At this point in

@ 2b24a1fa:17750f64

Zum organisierten Corona-Komplex zählt auch der vermittelte Eindruck, dass es in den Jahren der sogenannten Pandemie praktisch nur noch eine Todesursache gab: Covid-19. Verkehrstote? Krebstote? Gewöhnliche Alterstote? Kann nicht sein.

https://soundcloud.com/radiomuenchen/studie-viele-falsche-corona-tote-von-multipolar?

UN-Generalsekretär Guterres sah die Welt „im Krieg mit dem Virus“, de facto war es ein Krieg mit der Wahrheit, den Regierungen und Mainstream-Medien ausfochten. Der berechtigte Einwand, es mache einen Unterschied, ob jemand mit Corona oder wegen Corona gestorben ist, wurde als Ketzerei abgekanzelt. Erst mit dem Krieg in der Ukraine geriet das „Jeder Tote ist ein Corona-Toter“-Narrativ an seine Propaganda-Grenzen und Corona verschwand so schnell aus dem medialen Tagesgeschäft wie es gekommen war. Das Geld, das man für Masken, sogenannte Impfstoffe und damit verbundener Korruption verschwendet hatte, musste man nun unbedingt für Waffen verschwenden. Umso wichtiger ist es, diese Zeit der Lügen und Grundrechtsverletzungen nicht einfach unter den Teppich zu kehren und darüber zu schweigen. Aufklärung leistet hier nach wie vor das Magazin Multipolar. Es berichtet von einer aktuellen Studie griechischer Forscher über „offizielle Corona-Todesfälle während Omikron“. Dabei erwies sich Corona nur in einer Minderheit der Fälle als direkte Todesursache.

Sprecherin: Sabrina Khalil

Originaltext bei Multipolar: multipolar-magazin.de/meldungen/0257

Bild: Chat GPT im Auftrag von Radio München

Radio München\ www.radiomuenchen.net/​\ @radiomuenchen\ www.facebook.com/radiomuenchen\ www.instagram.com/radio_muenchen/\ twitter.com/RadioMuenchen\ odysee.com/@RadioMuenchen.net:9\ rumble.com/user/RadioMunchen

Radio München ist eine gemeinnützige Unternehmung.\ Wir freuen uns, wenn Sie unsere Arbeit unterstützen.

@ 81022b27:2b8d0644

I literally have no clue what I'm doing.

Nostr is a decentralized protocol that lets users share messages and content through independent servers called relays, ensuring no single entity controls the network. It uses cryptographic keys to verify identities and secure messages, making it censorship-resistant and privacy-focused.

That is the simplest definition that Grok could come up with defining what is Nostr.

I’ve been intrigued by this because it ties in blockchain, publishing content and privacy all into one.

It is intimately tied to a Bitcoin wallet, where readers can “Zap” you tips in Satoshis- which is Bitcoin “change”

There are no intermediaries, no card processing fees, no gatekeepers to keep your content hidden,none of that.

Maybe i’m still mad about being censored on social media for my Covid-19 posts, but the idea of not being able to be censored by a corporation or even my own government is appealing to me.

There are apps to see videos, blog apps and social media type apps.

You own your content and you can move it around wherever you like.

I will be experimenting with posting on there.

I’ve got two profiles on there (I told you I didnt know what I was doing)

I’m inviting you to join me on Nostr.

Live Long and Prosper,

_Dan

nostr:naddr1qvzqqqr4gupzpqgz9vnnj6wkj3excxuvf2ug4xstp72g774v9tpnxzptag4c6pjyqqxnzde58yen2d35xg6njve5x6ph8l

@ 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.

---

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

---

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

@ 2b24a1fa:17750f64

Zum organisierten Corona-Komplex zählt auch der vermittelte Eindruck, dass es in den Jahren der sogenannten Pandemie praktisch nur noch eine Todesursache gab: Covid-19. Verkehrstote? Krebstote? Gewöhnliche Alterstote? Kann nicht sein. UN-Generalsekretär Guterres sah die Welt „im Krieg mit dem Virus“, de facto war es ein Krieg mit der Wahrheit, den Regierungen und Mainstream-Medien ausfochten.

https://soundcloud.com/radiomuenchen/studie-viele-falsche-corona-tote-von-multipolar

Der berechtigte Einwand, es mache einen Unterschied, ob jemand mit Corona oder wegen Corona gestorben ist, wurde als Ketzerei abgekanzelt. Erst mit dem Krieg in der Ukraine geriet das „Jeder Tote ist ein Corona-Toter“-Narrativ an seine Propaganda-Grenzen und Corona verschwand so schnell aus dem medialen Tagesgeschäft wie es gekommen war. Das Geld, das man für Masken, sogenannte Impfstoffe und damit verbundener Korruption verschwendet hatte, musste man nun unbedingt für Waffen verschwenden. Umso wichtiger ist es, diese Zeit der Lügen und Grundrechtsverletzungen nicht einfach unter den Teppich zu kehren und darüber zu schweigen. Aufklärung leistet hier nach wie vor das Magazin Multipolar. Es berichtet von einer aktuellen Studie griechischer Forscher über „offizielle Corona-Todesfälle während Omikron“. Dabei erwies sich Corona nur in einer Minderheit der Fälle als direkte Todesursache.

Sprecherin: Sabrina Khalil

Originaltext bei Multipolar: multipolar-magazin.de/meldungen/0257

Bild: Chat GPT im Auftrag von Radio München

Radio München\ www.radiomuenchen.net/​\ @radiomuenchen\ www.facebook.com/radiomuenchen\ www.instagram.com/radio_muenchen/\ twitter.com/RadioMuenchen\ odysee.com/@RadioMuenchen.net:9\ rumble.com/user/RadioMunchen

Radio München ist eine gemeinnützige Unternehmung.\ Wir freuen uns, wenn Sie unsere Arbeit unterstützen.

GLS-Bank\ IBAN: DE65 4306 0967 8217 9867 00\ BIC: GENODEM1GLS\ Bitcoin (BTC): bc1qqkrzed5vuvl82dggsyjgcjteylq5l58sz4s927\ Ethereum (ETH): 0xB9a49A0bda5FAc3F084D5257424E3e6fdD303482

@ cae03c48:2a7d6671

Bitcoin Magazine

Gemini Files Draft With The SEC For Proposed IPO

Today, Gemini Space Station, Inc. announced that it has confidentially filed a draft registration statement with the US Securities and Exchange Commission for a proposed initial public offering (IPO) of its Class A common stock. Details such as the number of shares and the price range have not been disclosed. The IPO will proceed after the SEC’s review and is subject to market conditions.

JUST IN: @Gemini has confidentially filed for an IPO with the @SECGov.

Details on share count and pricing TBD.

Launch date will depend on SEC review and market conditions.

— Eleanor Terrett (@EleanorTerrett) June 6, 2025

“Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended,” stated the press release. “This announcement is being issued in accordance with Rule 135 under the Securities Act.”

Gemini’s move comes during a period of growing activity in both the public markets and the digital asset space. Just yesterday, Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) also filed a Form S-1 with the SEC for its upcoming Truth Social Bitcoin ETF.

“Truth Social Bitcoin ETF, B.T. is a Nevada business trust that issues beneficial interests in its net assets,” stated the Form S-1. “The assets of the Trust consist primarily of bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of bitcoin.”

Momentum around Bitcoin and broader crypto policy was also evident last week at the 2025 Bitcoin Conference in Las Vegas. There, Gemini founders Cameron and Tyler Winklevoss joined White House A.I. & Crypto Czar David Sacks to discuss how the government should manage Bitcoin, as well as recent developments in federal policy.

“Orange is the new gold,” said Cameron. “So, Bitcoin is Gold 2.0, and that’s been true since day one. So, at $100,000 Bitcoin, that’s exciting, but if you take 21 million and do the above ground market price of gold. Really, it should be a million dollars a coin—easily,”

They talked about some of the recent policy changes that have been good for crypto include rolling back the IRS digital asset broker rule and SAB 121, which had stopped banks from holding Bitcoin. The Department of Justice also stopped its regulation by prosecution approach, which takes a lot of pressure off digital asset firms.

“It’s hard to imagine a President. Any other President being able to do any fraction of this or accomplish that or any administration and we have just over 100 days,” said Tyler. “So, It’s pretty amazing that we still have a lot of time left.” Later on, he ended the panel saying, “To the Moon!”

This post Gemini Files Draft With The SEC For Proposed IPO first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 84b0c46a:417782f5

やること

• [ ] るみ　初期のわかりにくごちゃ設定を何とかする
• [x] るみ　シーンおんのやつみなおしてみる
• [ ] やってることまとめるやつ
• [ ] びうあ　publishのリレー状態チェック
• [x] るみ　10002並べ替え
• [ ] るみ 10030の並べ替え？
• [ ] カスタム絵文字のやつ
• [x] まきもの　naddrを渡して編集画面開く
• [x] るみ naddrの更新ボタン
• [ ] ニーサ
• [ ] クレカのポイント使い切って、他のクレカ契約できたら、今のクレカ解約する(アマゾンかなんか)

• [x] るみ 書き込むたびにチェックマークが増えてくよ

  nostr:nevent1qvzqqqqqqypzpp9sc34tdxdvxh4jeg5xgu9ctcypmvsg0n00vwfjydkrjaqh0qh4qyxhwumn8ghj77tpvf6jumt9qys8wumn8ghj7un9d3shjtt2wqhxummnw3ezuamfwfjkgmn9wshx5uqpz9mhxue69uhkuenjv4kxz7fwv9c8qqgnwaen5te0xyerwt3s9cczuvf6xsurvwgpzdmhxue69uhhwmm59ehx7um5wghxuet5qythwumn8ghj7mn0wd68ytnfw36xzmndduhx6etwqywhwumn8ghj7un9d3shjtnwdaehgu3wwa5hyetydejhgtn2wqqzpzatskhfw95aj6g0tex2c5wy0ydlrnts8lk7du60t906d23p7ch4whv3xm

• [x] るみ 画像表示させる前にワンクッションメニュー

• [x] るみ ステータスのカスタム絵文字、挿入と変換
• [x] るみ　30023のembedが常にワンクッションになってる見→たぶんきのせい
• [ ] るみ　ブロックリレー10006を読む

デイリー

• うめちぇっく
• 薬飲む
• 生姜接種

@ 9ca447d2:fbf5a36d

Paris, France – June 6, 2025 — Bitcoin payment gateway startup Flash, just announced a new partnership with the “Bitcoin Only Brewery”, marking the first-ever beverage company to leverage Lightning payments.

Flash enables Bitcoin Only Brewery to offer its “BOB” beer with, no-KYC (Know Your Customer) delivery across Europe, priced at 19,500 sats (~$18) for the 4-pack, shipping included.

The cans feature colorful Bitcoin artwork while the contents promise a hazy pale ale: “Each 33cl can contains a smooth, creamy mouthfeel, hazy appearance and refreshing Pale Ale at 5% ABV,” reads the product description.

Pierre Corbin, Co-Founder of Flash, commented:

“Currently, bitcoin is used more as a store of value but usage for payments is picking up. Thanks to new innovation on Lightning, bitcoin is ready to go mainstream for e-commerce sales.”

Flash, launched its 2.0 version in March 2025 with the goal to provide the easiest bitcoin payment gateway for businesses worldwide. The platform is non-custodial and can enable both digital and physical shops to accept bitcoin by connecting their own wallets to Flash.

By leveraging the scalability of the Lightning Network, Flash ensures instant, low-cost transactions, addressing on-chain Bitcoin bottlenecks like high fees and long wait times.

For businesses interested in adopting Bitcoin payments, Flash offers a straightforward onboarding process, low fees, and robust support for both digital and physical goods. To learn more, visit paywithflash.com.

Media Contact:
Pierre Corbin
Co-Founder, Flash
Email: press@paywithflash.com
Website: paywithflash.com

About Flash

Flash is the easiest Bitcoin payment gateway for businesses to accept payments. Supporting both digital and physical enterprises, Flash leverages the Lightning Network to enable fast, low-cost Bitcoin transactions. Launched in its 2.0 version in March 2025, Flash is at the forefront of driving Bitcoin adoption in e-commerce.

About Bitcoin Only Brewery

Bitcoin Only Brewery (@Drink_B0B) is a pioneering beverage company dedicated to the Bitcoin ethos, offering high-quality beers payable exclusively in Bitcoin. With a commitment to personal privacy, the brewery delivers across Europe with no-KYC requirements.

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin

Meanwhile Insurance Bitcoin (Bermuda) Limited (“Meanwhile”) announced it has become the first company in the world to release externally audited financial statements denominated entirely in Bitcoin. According to the announcement, the company reported 220.4 BTC in assets and 25.29 BTC in net income for 2024, a 300% year over year increase.

Today marks a global first & historic event for us, along with the public release of our 2024 audited financial statements, covering our 1st year of sales.

As the 1st company in the world to have Bitcoin-denominated financial statements externally audited, we are excited to…

— meanwhile | Bitcoin Life Insurance (@meanwhilelife) June 5, 2025

“We’ve just made history as the first company in the world to have Bitcoin-denominated financial statements externally audited,” said Zac Townsend, CEO of Meanwhile. “This is an important, foundational step in reimagining the financial system based on a single, global, decentralized standard outside the control of any one government.” 

The financial statements were audited by Harris & Trotter LLP and its digital asset division ht.digital. Meanwhile’s financials also comply with Bermuda’s Insurance Act 1978, noting that their BTC denominated financials were approved and comply with official guidelines. The firm, fully licensed by the Bermuda Monetary Authority (BMA), operates entirely in BTC and is prohibited from liquidating Bitcoin assets except through policyholder claims, positioning it as a long term holder. 

“As the first regulated Bitcoin life insurance company, we view the BTC held by Meanwhile as inherently long-term in nature—primarily held to support the Company’s insurance liabilities over decades,” Townsend added. “This makes it significantly ‘stickier’ and resistant to market pressures compared to the BTC held by other companies as part of their treasury management strategies.” 

Meanwhile’s 2024 financials also revealed 23.02 BTC in net premiums and 4.35 BTC in investment income, showing that its model not only preserves Bitcoin, but earns it. The company’s reserves (also held in BTC) were reviewed and approved by Willis Towers Watson (WTW). 

Meanwhile also offers a Bitcoin Whole Life insurance product that allows policyholders to save, borrow, and build legacy wealth—entirely in BTC, and has plans to expand globally in 2025.

“We are incredibly proud of today’s news as it underscores how Meanwhile is at the forefront of the next phase of the convergence between Bitcoin and institutional financial markets,” said Tia Beckmann, CFO of Meanwhile. “Now having generated net income in BTC, we have demonstrated that we are earning it through a sustainable insurance business model designed for the long term.” 

This post Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 2b24a1fa:17750f64

https://soundcloud.com/radiomuenchen/2025-05-27-eine-stunde-klassik?

Eine Stunde Klassik! Der Münchner Pianist und "Musikdurchdringer" Jürgen Plich stellt jeden Dienstag um 20 Uhr große klassische Musik vor. Er teilt seine Hör- und Spielerfahrung und seine persönliche Sicht auf die Meisterwerke. Er spielt selbst besondere, unbekannte Aufnahmen, erklärt, warum die Musik so und nicht anders klingt und hat eine Menge aus dem Leben der Komponisten zu erzählen.

Sonntags um 10 Uhr in der Wiederholung.

@ 9ca447d2:fbf5a36d

President Donald Trump’s media company, Trump Media & Technology Group (TMTG), is doubling down on its Bitcoin bet, partnering with Crypto.com and Yorkville America Digital to launch its own bitcoin exchange-traded fund (ETF), called the Truth Social Bitcoin ETF.

On June 3, a division of the New York Stock Exchange, NYSE Arca, filed a 19b-4 form with the Securities and Exchange Commission (SEC).

This is the final regulatory hurdle before an ETF can be launched. If approved, this new fund will allow everyday investors to buy shares tied to the price of bitcoin, without having to hold the asset themselves.

The Truth Social Bitcoin ETF will track the price of bitcoin and give investors a simple, regulated way to invest in the digital money.

It will be listed and traded on NYSE Arca, and Foris DAX Trust Company (the custodian for Crypto.com’s assets) has been named as the proposed custodian for this new fund.

According to the filings, the ETF is “designed to remove the obstacles represented by the complexities and operational burdens involved in a direct investment in bitcoin.”

This is part of a bigger plan by Trump Media to offer a full suite of digital-asset-based financial products.

The company has also applied to trademark six investment products and has plans for additional ETFs under its Truth.Fi fintech platform, which will focus on digital assets and energy sectors.

Trump Media also recently announced a $2.5 billion bitcoin treasury plan and raised $2.4 billion in stock and debt to support its bitcoin initiatives.

Related: Trump Media Will Raise $2.5 Billion to Build Bitcoin Treasury

Now that the 19b-4 has been filed, the SEC has 45 days to approve, reject or delay the application. This can be extended several times, but a final decision must be made by January 29, 2026.

In addition to the 19b-4, Yorkville America Digital must also file an S-1 registration statement. This will outline exactly how the ETF will work, what it offers to investors, how funds will be used, and the risks involved.

Since January 2024, bitcoin ETFs have been all the rage, with over $130 billion in assets. Big players like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC dominate the space. BlackRock alone has $69 billion in assets through its bitcoin ETF.

Even though Trump’s ETF is entering a crowded field, its name will get attention. The Truth Social bitcoin ETF is expected to generate media buzz, political controversy and divided investor opinions, making it a cultural and financial statement.

Donald Trump is the majority owner of Trump Media, although his shares are in a trust controlled by his son, Donald Trump Jr. The ETF filing doesn’t mention Trump by name, but most people see it as a Trump product.

The President is getting more and more involved in the digital asset space. He has NFT collections, meme coins, a bitcoin mining company, a digital asset wallet, and now a potential bitcoin ETF.

But not everyone is happy. Some argue that a sitting president’s involvement in regulated financial products, especially one that could benefit from political influence, is unethical.

An SEC-approved digital asset product from Trump could blur the lines between politics, personal gain and digital assets.

Others, however, see this as a calculated move to boost Trump’s image and position him as a leader in the digital asset and tech space.

@ 318ebaba:9a262eae

Nostr, which stands for "Notes and Other Stuff Transmitted by Relays," is a decentralized communication protocol designed to facilitate the exchange of messages without relying on centralized servers. This innovative framework allows users to create, broadcast, and receive messages freely, emphasizing user empowerment and censorship resistance.

Key Features of Nostr

• Decentralization: Unlike traditional social media platforms, Nostr operates on a network of relays, which are servers that anyone can run. This structure eliminates the control that a single entity can exert over the platform, thereby reducing the risk of censorship and enhancing user privacy[1][4][5].

• Open Protocol: Nostr is not an application itself but a protocol that developers can use to build various applications. This openness allows for a wide range of services, from social media to messaging, all built on the same underlying technology. Users can access multiple applications using a single public/private key pair, making it easier to manage their online identities[2][3][4].

• Censorship Resistance: One of the primary motivations behind Nostr's creation is to provide a platform where users can communicate without fear of censorship. This is particularly appealing to those disillusioned with traditional social media platforms that often impose restrictions on content[5][10].

• User Control: Nostr empowers users by allowing them to control their data and interactions. Users can choose which relays to connect to and can run their own relays, ensuring that they are not dependent on any single service provider[4][5][7].

• Cryptographic Security: The protocol employs public-key cryptography to secure messages and verify identities, similar to how Bitcoin operates. This ensures that messages are authentic and have not been tampered with during transmission[5][10].

Applications and Community

Nostr has gained traction among various communities, particularly within the cryptocurrency space, where figures like Jack Dorsey and Edward Snowden have expressed support for its potential to reshape online communication. The protocol's design allows for a variety of applications, including social media platforms, chat services, and content sharing tools, all of which can interoperate seamlessly[2][3][5].

In summary, Nostr represents a significant shift in how digital communication can be structured, prioritizing decentralization, user autonomy, and resistance to censorship, making it a compelling alternative to conventional social media platforms. [1] https://threenine.blog/posts/what-is-nostr [2] https://www.forbes.com/sites/digital-assets/2023/04/11/how-to-get-started-with-nostr/ [3] https://www.forbes.com/sites/digital-assets/2024/07/17/your-guide-to-nostr-the-decentralized-network-for-everything/ [4] https://www.ledger.com/academy/glossary/nostr [5] https://river.com/learn/what-is-nostr/ [6] https://www.cointribune.com/en/comment-utiliser-nostr-guide-pour-debutants-2/ [7] https://www.ccn.com/education/what-is-nostr-and-how-to-start-using-nostr/ [8] https://nostr.com/ [9] https://mylessnider.com/articles/why-im-excited-about-nostr [10] https://en.wikipedia.org/wiki/Nostr [11] https://nostr.how/en/what-is-nostr [12] https://nostr.org/ [13] https://medium.com/@colaru/an-introduction-to-nostr-protocol-dbc774ac797c [14] https://www.linkedin.com/pulse/what-nostr-manfred-van-doorn-nf9ce [15] https://www.cointribune.com/en/nostr-pour-les-debutants-tout-ce-que-vous-devez-savoir-sur-le-protocole-2/ [16] https://www.reddit.com/r/Bitcoin/comments/17j5glg/do_people_in_this_sub_know_about_nostr/ [17] https://www.voltage.cloud/blog/the-essential-guide-to-nostr-relays [18] https://www.reddit.com/r/nostr/comments/1i6t4g7/explain_how_nostr_works_like_im_a_5_year_old/ [19] https://github.com/nostr-protocol/nostr

@ cae03c48:2a7d6671

Bitcoin Magazine

Know Labs, Inc. Announces Adopting a Bitcoin Treasury Strategy, Starting with 1,000 Bitcoin

Know Labs, Inc. (NYSE American: KNW) announced entering into an agreement with Goldeneye 1995 LLC and the Ripple Chief Risk Officer Greg Kidd to acquire a controlling interest in the Company. Following the completion of the transaction, Mr. Kidd will become Chief Executive Officer and Chairman of the Board of Directors of the Company and Founder Ron Erickson will become Vice Chairman of the Board.

JUST IN: Know Labs, Inc. announces its adopting a Bitcoin Treasury Strategy and holds 1,000 Bitcoin pic.twitter.com/NSn2xFZYx0

— Bitcoin Magazine (@BitcoinMagazine) June 6, 2025

Under the agreement, the Buyer will acquire shares of Know Labs’ common stock by dividing the total value of 1,000 Bitcoin and a cash amount, designated to pay down existing debt, redeem outstanding preferred equity, and provide additional working capital. For every share purchased it will be priced at $0.335. The Bitcoin will serve as a central element of the Company’s treasury strategy, giving investors the exposure to Bitcoin.

“I’m thrilled to deploy a Bitcoin treasury strategy with the support of a forward-looking organization like Know Labs at a time when market and regulatory conditions are particularly favorable,” said Mr. Kidd. “We believe this approach will generate sustainable growth and long-term shareholder value.”

Once Bitcoin becomes the primary asset on the Company’s balance sheet, management will adopt the multiple of net asset value (mNAV) metric to assess the premium investors place on the Company’s market value relative to its Bitcoin assets. Based on a market cap of $128 million and a Bitcoin price of $105,000, the estimated entry mNAV multiple is 1.22x, with Bitcoin accounting for approximately 82% of the total market capitalization at closing.

“Partnering with Greg Kidd marks a pivotal next chapter for Know Labs,” commented Mr. Erickson. “We look forward to continuing our research in non-invasive medical technology. Greg’s visionary leadership positions Know Labs for a bold future.”

The adoption of Bitcoin as a treasury reserve asset has dramatically increased over the course of the last year, expanding globally. To date, there are 225 companies and other entities with Bitcoin in their balance sheets. 

Norwegian Block Exchange (NBX), a leading Nordic cryptocurrency exchange and digital asset platform, announced on June 2 that it has added Bitcoin to its balance sheet, marking a national milestone as the first publicly listed company in Norway to hold Bitcoin as part of its treasury strategy.

“NBX will not sell this Bitcoin or go short in any form,” stated the company. “With reference to the latest POA notice with LDA capital, NBX will also use proceeds to buy additional Bitcoin.”

This post Know Labs, Inc. Announces Adopting a Bitcoin Treasury Strategy, Starting with 1,000 Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 2b24a1fa:17750f64

Ganz im Geiste des klassischen Kabaretts widmen sich Franz Esser und Michael Sailer den Ereignissen des letzten Monats: Was ist passiert? Und was ist dazu zu sagen? Das ist oft frappierend - und manchmal auch zum Lachen.

https://soundcloud.com/radiomuenchen/vier-wochen-wahnsinn-mai-25-ein-satirischer-monatsruckblick

www.radiomuenchen.net/​\ @radiomuenchen\ www.facebook.com/radiomuenchen\ www.instagram.com/radio_muenchen/\ twitter.com/RadioMuenchen\ odysee.com/@RadioMuenchen.net:9\ rumble.com/user/RadioMunchen

Radio München ist eine gemeinnützige Unternehmung.\ Wir freuen uns, wenn Sie unsere Arbeit unterstützen.

GLS-Bank\ IBAN: DE65 4306 0967 8217 9867 00\ BIC: GENODEM1GLS\ Bitcoin (BTC): bc1qqkrzed5vuvl82dggsyjgcjteylq5l58sz4s927\ Ethereum (ETH): 0xB9a49A0bda5FAc3F084D5257424E3e6fdD303482

@ a296b972:e5a7a2e8

Nur für‘s Protokoll. Hiermit erkläre ich, Georg Ohrweh, im tatsächlich vorhandenen vollen Besitz meiner geistigen Kräfte, dass Herr Lauterbach, gleich welche Position er in Zukunft noch bekleiden sollte, für mich nicht zuständig ist. Basta.

Ein Erguss dieses verhaltensoriginellen Über-alles-Bescheidwissers:

„Wir kommen jetzt in eine Phase hinein, wo der Ausnahmezustand die Normalität sein wird. Wir werden ab jetzt immer im Ausnahmezustand sein. Der Klimawandel wird zwangsläufig mehr Pandemien bringen.“

Wie kann es sein, dass solch eine Ausnahme-Gestalt, die schon rein äußerlich die Phantasie zu Vergleichen anregt, sich leider auch genauso verhält, wie die Gestalten, die in diesen Phantasien vorkommen, ungebremst auf der Panik-Klaviatur kakophonische Klänge erzeugen darf? Obwohl ein wenig Wahrheit ist auch enthalten: Wir sind tatsächlich immer im Ausnahmezustand, im Ausnahmezustand des fortgeschrittenen Wahnsinns.

Wie kann es sein, dass dieser Haaaarvardist seinen persönlich empfundenen Ausnahmezustand zum Allgemeingut erklären kann? Welche Verknüpfungs-Phantasien hat er sonst noch studiert? Er ist ja auch noch Vorsitzender im Raumfahrtausschuss. Was kommt als Nächstes? Eine Klima-Pandemie, verursacht durch außerirdische Viren, die die Temperaturen beeinflussen können? Im aktuellen Zeitgeist gibt es nichts, was nicht gedacht wird. Wem die besseren Absurditäten einfallen, der gewinnt. Man muss sich schon den gegebenen Denkstrukturen etwas anpassen, aber sich auch ein wenig Mühe geben.

Nach dem Wechsel der ehemaligen Außen-Dings zur UN (mit dem Ziel, aus den Vereinten Nationen die Feministischen Nationen zu gestalten) und des ehemaligen Wirtschafts-Dings in den Außenausschuss und als Gastdozent in Kalifornien (Thema: Wirtschaftsvernichtung unter Einbeziehung des gespannten Verhältnisses unter Geschwistern aufgrund ärmlicher Verhältnisse, am Beispiel des Märchens von Hänsel und Gretel) , jetzt auch noch der ehemalige Chef-Panikmacher zur WHO.

…und der Wahnsinn wurde hinausgetragen in die Welt, und es wurde dunkel, und es ward Nacht, und es wurde helle, und es ward Tag, der Wind blies oder auch nicht (was macht der Wind eigentlich, wenn er nicht weht?), und es ward Winter, und es wurde kälter, und es wurde wärmer, und es ward Sommer. Es regnete nicht mehr, die Wolken schwitzten. Und Putin verhinderte (wer auch sonst), dass das Eis in der Antarktis abnahm.

Wiederholte Bodentemperaturen in der Toskana von 50 Grad Celsius. Zu erwartende Wassertemperaturen während Ferragosto an der italienischen Adria von durchschnittlich 100 Grad Celsius. An Stellen mit wenig Strömung stiegen schon die ersten Kochblasen auf. Doch dann kam der durch Lachs gestählte, salzlose Super-Karl und rettete mit einem durch die WHO diktierten Klima-Logdown die gesamte Menschheit. Wer besser, als er konnte wissen, dass ein Klima-Logdown weitgehend nebenwirkungsfrei ist.

Was für ein Segen, dass Karl der Große, der uns so siegreich durch die Corona-Schlacht geführt hat, jetzt auch gegen das Klima in den Krieg zieht.

Wer kennt das nicht, Tage der Qual, in denen man zugeben muss: Ich hab‘ heute so schlimm Klima.

Viele Klimaexperten, die weltweit in der Qualitätspropaganda zitiert werden, zeichnen sich besonders dadurch aus, dass sie mit einer maximalen Abweichung von einem Grad Celsius ein Thermometer fehlerfrei ablesen können. Diese Ungenauigkeit wird der Erdverkochungsexperte sicher als erstes beheben.

In einer aufopfernden Studie während eines Urlaubs in 2023, in der um die damalige Zeit erstmals eisfreien Toskana, hat er den von ihm ausgetüftelten Klimaschutzplan ins Rheinische übersetzt. Titel: „Schützen Sie sisch, und, äh, andere!“ Weiter konnte er erforschen, dass die Bodentemperatur nicht immer mit der Temperatur des Erdkerns übereinstimmen muss.

Durch seine unermüdlichen Studien, können Hitzetote in Zukunft besser zugeordnet werden. Man weiß dann, ob jemand an hohen oder mit hohen Temperaturen gestorben ist. Der asymptomatische Klimawandel kann so in Zukunft viel besser bewertet werden. Man hat aus geringfügigen Fehlern gelernt und die Methoden erheblich verbessert.

Eine präzise Vorhersage der Jahreszeiten, vor allem die des Sommers, wird bald ebenfalls möglich sein. Es kann jetzt vor jahreszeitbedingten, teilweise sogar täglich schwankenden Temperaturveränderungen rechtzeitig gewarnt werden. Im Herbst können Heizempfehlungen für die ahnungslose Bevölkerung herausgegeben werden. Frieren war gestern, wissen wann es kalt wird, ist heute. Es wird an Farben geforscht, die noch roter sein sollen, als die, die jetzt in den Wetterkarten bei 21 Grad bereits verwendet werden.

Eine allgemeine Heizpflicht soll es europaweit zunächst nicht geben.

Weiter soll die Lichteinstrahlung der Sonne noch präziser bestimmt werden, damit den Europäern, in Ergänzung zur mitteleuropäischen Sommerzeit, jetzt auch noch genau mitgeteilt werden kann, wann es Tag und wann es Nacht ist.

Das Hinausschauen aus dem Fenster, zum Beispiel, ob es schon dunkel draußen ist, erübrigt sich. Die Tageszeit, in Ergänzung zur herkömmlichen Uhrzeit, wird demnächst automatisch mit dem Klima-Pass übermittelt werden. Zu Anfang natürlich erst einmal freiwillig.

Durch die persönliche ID können dann auch schnell und unkompliziert Sonderprämien überwiesen werden, sofern man sich klimakonform verhalten hat, damit man sich rechtzeitig vor Winterbeginn eine warme Jacke oder einen Mantel kaufen kann. Das Sparen von Bargeld auf eine bevorstehende größere Anschaffung von Winterkleidung wird somit überflüssig.

Ob es am Ende nun um Hitze oder Kälte geht, spielt eigentlich gar keine Rolle, denn wie wussten schon die Ahnen zu berichten: Was gut für die Kälte ist, ist auch gut für die Wärme.

Westliche Mächte unternehmen immer wieder Versuche, eskalierend auf den Ukraine-Konflikt einzuwirken, damit man atombetriebene Heizpilze aufstellen kann, an denen sich die Europäer im Winter auch im Freien wärmen können.

Wie praktisch, dass man nicht nur Gesundheit und Klima, sondern auch Klima und Krieg miteinander verbinden kann. Alles so, oder so ähnlich möglicherweise nachzulesen im genialen Hitzeschutzplan á la Lauterbach.

Besonders Deutschland braucht nicht nur lauterbachsche Hitzeschutzräume, nein es braucht atomsichere Hitzeschutzbunker, so schlägt man gleich zwei Fliegen mit einer Klappe.

Für die, die es sich leisten können, hier ein Vorschlag. Der K2000:

https://www.swr.de/swr1/rp/programm/loriot-mini-luftschutzbunker-zum-preis-einer-waschmaschine-100.html

Für die weniger gut Betuchten reicht auch ein kühles Kellerloch, das man idealerweise im Februar beziehen und nicht vor November wieder verlassen sollte, so die Empfehlung auch von führenden Klima-Forschern, die es ja wissen müssen. Von Dezember bis Januar empfiehlt sich ein Besuch auf den Bahamas, besonders dann, wenn man eine leichte Erkältung verspürt.

Nur Verschwörungstheoretiker behaupten, dass die eigenartigen Anschlussverwendungen der Extrem-Kapazitäten, zu denen Lauterbach ohne Zweifel dazugehört, wie dicke rote Pfeile wirken, die auf Institutionen und Organisationen zeigen, um die man unter allen Umständen einen großen Bogen machen sollte, weil sie möglicherweise nichts Gutes im Schilde führen. Minimal sollen sie angeblich Unsinn verbreiten, maximal sollen sie gehörigen Schaden anrichten.

Man muss sich nur ein paar Gedanken machen, schon kann man feststellen, wie alles mit allem zusammenhängt.

“Dieser Beitrag wurde mit dem Pareto-Client geschrieben.”

* *

(Bild von pixabay)

@ 2b24a1fa:17750f64

Wahrscheinlich wird es wieder der wärmste Mai seit Wetteraufzeichnung gewesen sein, was uns erneut ermahnt, endlich dem Klimawandel den Garaus zu machen. Sie merken es, der Sarkasmus bahnt sich schon seinen Weg. Auch München hat sich jetzt dem Klima-Taler-Netzwerk angeschlossen und wirbt für das Angebot, sich ein besseres Gewissen tracken zu lassen. Hören Sie Nicolas Riedls Kommentar „Der Klima-Köder“.

Sprecherin: Sabrina Khalil

Bild: © Klima-Taler

Radio München\ www.radiomuenchen.net/​\ @radiomuenchen\ www.facebook.com/radiomuenchen\ www.instagram.com/radio_muenchen/\ twitter.com/RadioMuenchen

Radio München ist eine gemeinnützige Unternehmung.\ Wir freuen uns, wenn Sie unsere Arbeit unterstützen.\ GLS-Bank\ IBAN: DE65 4306 0967 8217 9867 00\ BIC: GENODEM1GLS\ Bitcoin (BTC): 3G1wDDH2CDPJ9DHan5TTpsfpSXWhNMCZmQ

@ b1ddb4d7:471244e7

In today’s digital era, access to financial services remains a privilege for many. Bitcoinization – the mass adoption of bitcoin as a payment medium and store of value – represents a unique opportunity to democratize access to financial services.

Telecommunications carriers occupy a strategic position in this transformation, especially in regions where traditional internet access is limited. However, this aspect remains largely unexplored.

This article seeks to examine how these companies can catalyze this financial revolution by analyzing the Machankura case and the technical possibilities within current communication infrastructure.

The Success Sotry of Machankura

The Machankura project (8333.mobi) emerged to address a common challenge in various African regions: financial exclusion due to limited internet access. Created by South African developer Kgothatso Ngako, the service utilizes the USSD (Unstructured Supplementary Service Data) protocol, supported by virtually all mobile phones, to facilitate bitcoin transactions via 2G and 3G cellular networks.

Machankura – derived from South African slang for “money” – functions as a custodial bitcoin wallet. Through the USSD protocol, users can access the service by dialing short codes (*123*456789#, for example) or sending SMS messages to specific numbers.

When the server receives the code or message, an interactive session between the parties (server-user) begins. This enables users to create bitcoin wallets associated with their phone numbers, protected by multi-digit PINs.

Once registered, users receive a Lightning address (example: 1234567890@8333.mobi) that can be used to receive bitcoin from anyone worldwide. Users can also customize this address to a preferred username, further enhancing privacy.

Currently, Machankura is available in nine African countries, including Nigeria, Tanzania, South Africa, Kenya, Uganda, Ghana, and Malawi. The creator’s objective is to expand the service to all countries across the African continent in the coming years.

The Technical Foundations of Machankura’s Success – USSD

As mentioned, USSD is a protocol embedded in mobile networks and available on virtually all cellular devices. This choice proved crucial for the Machankura project, given that in Africa, more than half of phones sold are not smartphones. Additionally, this protocol offers critical technical advantages:

• Operates without requiring internet access, functioning in areas with poor connectivity.
• Universal compatibility with any mobile phone, including the most basic models.
• Provides real-time interactivity between users and the system.
• Features an intuitive interface already utilized for banking services, customer support, and self-service applications

These advantages have enabled bitcoin to become accessible to a significant portion of the region’s population, with over 15,000 users, according to Machankura’s project creator.

USSD and Connectivity Challenges

The primary technical limitation of USSD manifests in high-connectivity environments (4G, 5G, or higher). As established by the 3GPP (3rd Generation Partnership Project, organization for standardization of mobile networks), the protocol must be recognized by newer generations of cellular networks.

However, this recognition requires a procedure known as inter-technology fallback. For instance, if a user is connected to a 5G network and streaming music, when accessing a USSD service, their connection will downgrade to a 3G (or 2G) network, inevitably interrupting media streaming execution.

IP Multimedia Subsystem (IMS): The Evolution in Telecommunications Services

The solution to connectivity issues with USSD resides within the IMS (IP Multimedia Subsystem), a subsystem within the standardized architecture of newer cellular networks (from fourth generation onwards).

Its objective is to unify access and provision of multimedia services across both mobile and fixed networks. These services include:

• Voice services – such as Voice over LTE (VoLTE) and Voice over WiFi (VoWiFi)
• Video services – such as Video over LTE  (ViLTE) and Video over WiFi (ViWiFi)
• Videoconferencing
• Instant messaging
• Streaming media
• Emergency services
• Interoperability between legacy networks

The New Era: USSI (USSD over IP)

USSI (USSD over IP) represents the solution for service continuity across 4G, 5G, and future networks when utilizing USSD services. This new protocol enhances service quality, increases simultaneous session capacity, provides additional features for recent devices, improves session security, and enables operation without requiring fallback procedures.

Strategic Opportunities for Carriers

Institutional bitcoin adoption is already established, with integration into portfolios of mining companies, exchanges, automobile manufacturers (Tesla), investment funds (BlackRock), financial institutions (Galaxy Digital Holdings), technology companies (including MicroStrategy, MercadoLibre, and Brazilian Meliúz), and even nations such as El Salvador, the United States, and China.

With robust, secure, and extensive infrastructure, telecommunications carriers can implement complex and advanced bitcoin-based financial services, demystifying its use and stimulating adoption.

Strategic partnerships with exchanges and fintechs enhance integrated solutions for entrepreneurs and consumers, such as integration with Lightning Network nodes to enable rapid, low-cost transactions between IoT devices, machine-to-machine (M2M) applications, and point-of-sale (POS) terminals.

The competitive advantages of this approach include:

• New Revenue Streams: Companies can collect fees from simple transactions and provide advanced financial services such as loans, insurance, and investments.
• Customer Retention: By offering innovative services, they can reduce customer churn.
• Vanguard Strategy: Strategic positioning in an emerging high-capitalization market

The Future of Bitcoinization in Telecommunications

The success of the Machankura project unequivocally demonstrates the potential of telecommunications as transformative agents in the mass adoption of bitcoin. As the bitcoin ecosystem consolidates and expands, it is essential that we recognize this opportunity not merely as a new business vertical but as an important step toward strategic positioning at the forefront of a global economic transformation.

Given the extensive reach of existing infrastructure, these carriers can become the primary catalyst for transforming the lives of the unbanked in an unprecedented manner. As we have seen, bitcoin is no longer just a trend; it is a reality. The natural consequence of this reality is bitcoinization, and we have the opportunity to be at the forefront of this emerging paradigm.

@ 2b24a1fa:17750f64

Einmal, im dunklen Wald auf dem Weg ins nächste Dorf, hielt ich meine Taschenlampe auf den Boden gerichtet, nicht wirklich senkrecht, aber so, dass der Lichtkegel nah bei mir war. Immer wieder lief ein Schatten auf mich zu. Manchmal kam er auch von hinten. Jedes Mal erschrak ich fürchterlich, ging in Abwehrhaltung und mahnte mich dann zur Einsicht: Wer sollte mir folgen? Was aus dem Gebüsch, sollte auf mich zu kommen, oder dicht an mir vorbei laufen wollen? Woher also dieser Schreck, diese Angst? Vielleicht ist es nur das Reptilienhirn und der Überlebenssinn der reagiert, vielleicht aber auch ein Teil der Prägung, die uns verunsichert, wenn wir die Gemeinschaft verlassen und uns anders verhalten.

https://soundcloud.com/radiomuenchen/innerer-tiefenstaat-von?

Unbekannte und einflussreiche Anteile unseres Selbst zu entdecken und zu integrieren nennt der Wildnispädagoge, Autor und Journalist Bastian Barucker Schattenarbeit. Hören Sie seinen Text Trauma, Krieg, Friedensfähigkeit und der innere Tiefenstaat.

Sprecher: Ulrich Allroggen\ Redaktion: Eva Schmidt

Den Beitrag können Sie auf seinem Blog Bastian-Barucker.de nachlesen. blog.bastian-barucker.de/der-innere-tiefenstaat/

@ b1ddb4d7:471244e7

This article was originally published on dev.to by satshacker.

Alright, you’ve built a useful and beautiful website, tool or app. However, monetization isn’t a priority and you’d rather keep the project free, ads-free and accessible?

Accepting donations would be an option, but how? A PayPal button? Stripe? Buymeacoffe? Patreon?

All of these services require a bank account and KYC verification, before you can send and receive donations – not very convenient.

If we only could send value over the internet, with just one click and without the need of a bank account…

Oh, hold on, that’s bitcoin. The decentralized protocol to send value across the globe. Money over TCP/IP.

In this article, we’ll learn how anyone can easily add a payment button or donation widget on a website or app.

Let’s get into it.

Introduction

Bitcoin is digital money that you can send and receive without the need for banks. While bitcoin is extremely secure, it’s not very fast. The maximum transactions per second (TPS) the network can handle is about 7. Obviously that’s not useful for daily payments or microtransactions.

If you’d like to dig deeper into how bitcoin works, a great read is “Mastering Bitcoin” by Andreas Antonopoulos.

Bitcoin vs Lightning

If you’d like to receive bitcoin donations “on-chain” all you need is a bitcoin wallet. You simply display your bitcoin address on your site and that’s it. You can receive donations.

It would look something like this; 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Instead of showing the actual bitcoin address, you can also turn it into a QR code.

However, this is not a recommended solution. Using static on-chain addresses has two major downsides. It lowers privacy for you and your donnors and it’s a UTXO disaster because many small incoming transactions could beocme hard to consolidate in the future.

For donations and small transactions, the Lightning Network is the better option. Lightning allows for instant settlement with fees only a fraction of a cent.

Similar to bitcoin, you have the choice between non-custodial and custodial wallets. This means, either you have full control over your money or the wallet provider has.

Option 1: Lightning Address

With the lightning address feature, you an easily receive donations to an email like address.

It looks like this: yourname@wallet.com

Many wallets support lightning addresses and make it easy to create one. Then, you simple add the address to your donation page and you’re ready to receive tips.

You can also add a link link as in lightning:yourname@wallet.com and compatible lightning wallets and browser wallets will detect the address.

How to get a Lightning Address Fast

Option 2: Lightning Donation Widgets

If you like to take it a step further, you can also create a more enhanced donation checkout flow. Of course you could programm something yourself, there are many open source libraries you can build upon. If you want a simple plug-and-play solution, here are a couple of options:

Name

Type

Registration

SatSale

Self-hosted

No KYC

BTCPay Server

Self-hosted

No KYC

Pay With Flash

Widget

Email

Geyser Fund

Widget

Email

The Giving Block

Hosted

KYC

OpenNode

Hosted

KYC

---

SatSale (GitHub)

Lightweight, self-hosted Bitcoin/Lightning payment processor. No KYC.

Ideal for developers comfortable with server management. Simple to deploy, supports both on-chain and Lightning, and integrates with WooCommerce.

---

BTCPay Server

Powerful, open-source, self-hosted processor for Bitcoin and Lightning. No KYC.

Supports multiple currencies, advanced features, and full privacy. Requires technical setup and maintenance. Funds go directly to your wallet; great for those seeking full control.

---

Pay With Flash

Easiest for indie hackers. Add a donation widget with minimal code and no KYC. Payments go directly to your wallet for a 1.5% fee.

Setup Steps:

1. Sign up at PayWithFlash.com
2. Customize your widget in the dashboard
3. Embed the code:

1. Test to confirm functionality

Benefits:

• Minimal technical skills required
• Supports one-time or recurring donations
• Direct fund transfer, no intermediaries

---

Geyser Fund

Crowdfunding platform. Widget-based, connects to your wallet, email registration.Focused on Bitcoin crowdfunding, memberships and donations.

---

The Giving Block

Hosted, KYC required. Integrates with fiat and crypto, best for nonprofits or larger organizations.

---

OpenNode

Hosted, KYC required. Accept Bitcoin payments and donations; supports conversion to fiat, suitable for businesses and nonprofits.

---

Summary

• Fast, low-code setup: Use Pay With Flash or Geyser Fund.
• Privacy and control: Choose SatSale or BTCPay Server (requires technical skills).
• Managed, compliant solutions: The Giving Block or OpenNode.

Choose based on your technical comfort, privacy needs, and project scale.

I hope this article helped you. If you added bitcoin donations, share your link in the comments and I will send you a few satoshis maybe

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin 2025 Las Vegas: Here’s What Went Down 

My name is Jenna Montgomery, and maybe you’ve read some of my news articles here before, or seen me on the Bitcoin Magazine TikTok. But today, I wanted to switch it up and give you an inside look at the Bitcoin 2025 Conference in Las Vegas through my eyes as an intern, hired just one month before the conference, having little knowledge about Bitcoin beforehand and never attending an event like this before. 

I’m writing this to give you a real, raw reflection of what I experienced over the course of the three day event, and why I believe you should absolutely attend the next Bitcoin conference. I want you all to know what goes down, what to expect, and to know how impactful I think this event really is. Bitcoin 2025 made a lasting impact on me and my life, and it just feels right to tell you why, so yours can maybe be changed too.

I got off the plane, threw my suitcase in my hotel room, and went to go and see the convention center as all of the finishing touches around the venue were being added. I remember thinking how big, beautiful, and fun the expo hall was—and where I would soon meet so many new people, make so many friends, and shake hands with people that I looked up to and admired. 

I will never forget walking in and seeing the main conference stage, The Nakamoto Stage, for the first time. Seeing that giant room with a symphony and endless rows of chairs, soon to be filled with thousands of passionate Bitcoiners, really put in perspective to me how Bitcoin 2025 wasn’t just a conference, it felt like something bigger. I realized it’s an actual community and a place of countless opportunities. 

The conference is essentially split up into 3 days: Industry Day, General Admission Day 1, and General Admission Day 2. Industry Day was mainly tailored towards professionals, investors, founders, and others focused on Bitcoin businesses. The general admission days were tailored more towards the casual Bitcoiner, and those were the days that I really felt the energy just exploding around the convention center.

INDUSTRY DAY 

Walking into the expo hall early in the morning on Industry Day, I was overwhelmed when I saw all of the vendors and companies setting up their tables, booths, stages, and even a rock climbing wall (thank you CleanSpark). It seemed as if the expo hall went for miles and miles, and featured a long orange carpet that made an intricate path through the venue that led you to each and every booth.

While fiat fails, Bitcoin prevails. pic.twitter.com/EV190PUqdT

— Valentina Gomez (@ValentinaForUSA) May 27, 2025

I remember being in total awe as I looked up at the ceiling and saw a huge UFO in the middle of the expo hall, with two Bitcoin themed Cybertrucks just off to the side of it, with lots of other interesting booths including one with a talking robot.

DAY ONE pic.twitter.com/KHXP6q8RCp

— Gemini (@Gemini) May 27, 2025

As I followed the long orange carpet around the venue, I looked over my shoulder and saw a huge blow-up of a Bitcoin Puppet in the art exhibit, featuring all kinds of other cool Bitcoin art. Some of these pieces of art were worth well over one bitcoin—which was mindblowing to me considering that is more than $100,000. Every good revolution has good art, and seeing all the talented artists pouring their hearts into their work helped me believe that Bitcoin is the future. 

Now, it was time to get to work at where I would spend the majority of my time over the next few days. My coworkers and I were stationed up right in front of the Bitcoin Magazine news desk next to the AV (audio-visual) team, where I had a perfect view of everything. Here, I spent all day every day writing news articles for Bitcoin Magazine based on the speeches, keynotes, and other panels happening on the Nakamoto stage, as well as filming TikTok’s around the expo hall with attendees.

Working in front of the news desk was one of my favorite things about the conference. Everyone who spoke on it live had an electrifying personality that kept me locked into every conversation, especially one of the hosts Pete Rizzo. After every talk on the Nakamoto Stage ended, the live stream would pan over to the news desk where they would break down what happened, providing viewers with expert analysis. This was something extremely very fun to watch live and experience the production of it all first hand.

The talks on Industry Day kicked off to such a great start with Dan Edwards from Steak ‘n Shake, who recently became the first major fast food chain in America to begin accepting Bitcoin Lightning payments. So I was very excited to hear about Edwards’ speech and to visit Steak ‘n Shake’s incredible booth, which also featured a group of fun, dancing cows. 

Steak ‘n Shake COWS HAVE NO CHILL pic.twitter.com/8UkmPhWf9T

— The Bitcoin Conference (@TheBitcoinConf) May 28, 2025

While speaking on stage, Edwards revealed that, “Bitcoin is faster than credit cards, and when customers choose to pay in Bitcoin, we’re saving 50% in processing fees.” Just think about that for a second — saving a whole 50% on each transaction? This really opened my eyes to the benefits of accepting Bitcoin as payment and why it could mean to merchants who adopt it.

Based on everything I heard in that speech, I think Steak ‘n Shake may be the first to start a new trend of other big companies accepting Bitcoin. If they recognized the benefits of Bitcoin, it’s only a matter of time before other franchises do as well.

JUST IN: Fast food giant Steak 'n Shake announced they're saving 50% in processing fees accepting Bitcoin payments

'#Bitcoin is faster than credit cards' pic.twitter.com/bxApgBL6El

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

Another big highlight from this day was hearing Senator Cynthia Lummis confirm that President Donald Trump supports her Strategic Bitcoin Reserve Act. There were so many statements made during the conference that I will get to later on that point to the fact that the United States is pro-Bitcoin and we’re going to be the world leader in it. Senator Marsha Blackburn also added to this, stating, “Many of our allies follow what we do. If we lead, others will follow. This is vital to our economic future.” 

JUST IN: Senator Cynthia Lummis said US military generals are "big supporters" of a Strategic Bitcoin Reserve for economic power. pic.twitter.com/2RPMV3tbdA

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

At this point in

@ 57d1a264:69f1fee1

To become a master designer, you need to break past a slavish devotion of past forms and create vibrant, new experiences. This design talk covers practical techniques for reinventing game genres. The goal is the invention of a unique and highly differentiated customer value proposition that makes both strong business sense and is also deeply creatively fulfilling. We cover designing from the root, reducing design risk, and igniting original franchises. We also cover the pitfalls of design innovation and how to thrive in a highly competitive market.

https://www.youtube.com/watch?v=f7DFuXDN29M

https://stacker.news/items/1001313

@ 7f6db517:a4931eda

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

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

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

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

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

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

---

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

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Layer 2: Ark

Ark is a novel off-chain transaction batching mechanism originally proposed by Burak, a young Turkish developer. There are currently two implementations being built, one by Ark Labs, and the other by Second, neither of which Burak is involved with. 

The original proposal for Ark was much more complicated, and involved some design goals more focused around privacy than the implementations currently being built. It was also originally envisioned to require CHECKTEMPLATEVERIFY (CTV) in order to be built. 

The protocol depends on a central coordinating server in order to function properly, but despite that is able to provide the same functionality and security guarantees that the Lightning Network does. As long as a user stays online during the required time period, at all times (unless they choose to trust the operator for short periods of time) every user is capable at any time of unilaterally exiting the Ark system at any time and taking back full unilateral control of their funds onchain. 

Unlike Lightning, Ark does not require users to have pre-allocated liquidity assigned to them in order to receive funds. An Ark user can simply onboard to a wallet and receive funds immediately with no liquidity pre-allocation at all. 

Let’s walk through the different constituent pieces of Ark.

The Ark Tree

Coins held on Ark are called Virtual UTXOs (vUTXOs). These are simply pre-signed transactions that guarantee the creation of a real UTXO under the unilateral control of a user once submitted onchain, but are otherwise held offchain. 

Every user’s vUTXOs are nested inside a tree of pre-signed transactions, or a “batch.” Ark works by having the coordinator server, or Ark Service Provider (ASP), facilitate the coordination between users necessary to create a batch. Whenever users are receiving funds, onboarding to Ark, or offboarding, it is necessary to construct a transaction and the associated transaction tree to create a new batch. 

The tree is constructed to take the single root UTXO confirmed onchain, locked with an n-of-n multisig including all users holding vUTXOs in the tree as well as the ASP, and slowly split into more and more UTXOs until eventually reaching the leaves, which are each users vUTXO. Each vUTXO is guaranteed using a script that has to be signed by a 2-of-2 multisig, one key held by the user, and the other by the ASP, or just the user after a timelock. 

Each time the tree splits, vUTXOs are created onchain, but so are more internal UTXOs that have yet to actually split into vUTXOs. Each of these internal UTXOs is locked with an n-of-n multisig composed of the ASP, and all users who have a vUTXO further down the tree. During the batch creation process, users start at their respective vUTXOs, and go through a signing process all the way back down the root of the tree. This guarantees that the root will never be signed before each user’s claim to a vUTXO is, ensuring they always have unilateral access in a worst case scenario to their funds. 

Each batch also has an expiry time (which will make sense in the next section). This expiry spend path, which exists as an alternate spending condition for the root UTXO onchain as well as every internal UTXO, allows the ASP to unilaterally spend all funds by itself. 

Transactions, Preconfirmation, and Connector Inputs

When it comes to transacting on Ark, there are two possible mechanisms that are possible, both with their own costs and implications in terms of security model. There are out-of-round transfers, or preconfirmed transactions, and there are in-round transfers, or actually confirmed transactions. 

To conduct an out-of-round transfer is a very simple process. If one user (Alice) wants to pay another (Bob), they simply contact the ASP and have them co-sign a transaction spending the vUTXO to Bob. Bob is then given that pre-signed transaction, as well as all the other ones preceding it back to the batch root onchain. Bob is now capable of unilaterally exiting the Ark with this transaction, but, he must trust the ASP not to collude with Alice to doublespend it. These out-of-round transactions can even be chained multiple times before finally confirming them. 

To finalize an Ark transaction, users have to engage in a “batch swap.” Users cannot actually trustlessly confirm a transfer within a single batch, they have to atomically swap a vUTXO in an existing batch with a fresh vUTXO created in a new batch. This is done using the ASP as a facilitator of the swap, and with the aid of what is called a “connector input.”

When a user goes to finalize an Ark transaction with a batch swap, they relinquish control of the vUTXO to the ASP. This could be problematic, what is to stop the ASP from simply keeping it and not giving them a confirmed vUTXO in a new batch? The connector input. 

When a new batch is created, a second output is created in the transaction that is confirmed on chain instantiating a new tree composed of connector UTXOs. When Bob goes to sign over a forfeit transaction to the ASP to conduct the batch swap, the transaction includes as an input one of the connector UTXOs from the new batch. 

This creates an atomic guarantee. Bob’s confirmed vUTXO is included in a batch in the same transaction the connector input is created in that is necessary for his forfeit transaction to be valid. If that batch is never created onchain, i.e. Bob never actually receives the new confirmed vUTXO, then the forfeit transaction he signed for the ASP will never be valid and confirmable onchain.

Liquidity Dynamics and Blockspace

All of the liquidity necessary to create new batches in order to facilitate transfers between users is provided by the ASP. They are required to have enough liquidity to create new batches for users until old ones have expired and the ASP can unilaterally sweep them to reclaim old liquidity previously locked up to create vUTXOs for users. 

This is the core of the liquidity dynamic at the center of the Ark protocol. While in one sense this is a massive efficiency win, not requiring liquidity providers to assess users and essentially guess which ones will actually receive large volumes of payments before they can receive any funds, in another it is an efficiency loss as the ASP must have enough liquidity to continue creating new batches for users for however long they configure the expiry time to be and they can start reclaiming allocated liquidity. 

This can be mitigated to a decent degree by how often an ASP offers to create new batches to finalize pending transactions. In the event of an ASP attempting to create new batches in real time as transactions are coming in, the liquidity requirements would be exorbitantly high. However, an ASP can lower the frequency at which they create new batches and drastically lower their liquidity requirements. 

This dynamic also has implications for blockspace use. Unlike Lightning, which can provide strong confirmation guarantees entirely offchain, in order for an Ark transaction to have an equivalent trustless degree of finality a new batch has to be created onchain. This means that unlike Lightning, where transaction volume does not reflect itself onchain, the velocity of Ark transactions inherently requires a proportional amount of blockspace use, albeit in a very compressed and efficient manner. This creates a theoretical upper limit of how many Ark batches can be created during any given time interval (although Ark trees can be smaller or larger depending on this dynamic). 

Wrapping Up

Ark presents in many ways an almost opposite set of tradeoffs to the Lightning Network. It is a massive blockspace efficiency improvement for offchain transactions, and does away with the problem of liquidity allocation on the Lightning Network, but it does have a much closer tied throughput limit that is correlated with the blockchains throughput limit. 

This dynamic of almost opposite tradeoffs makes it a very complementary system to the Lightning Network. It can also interoperate with it, i.e. vUTXOs can be swapped atomically in transactions entering or exiting the Lightning Network. 

Ultimately how it fits into the broader Bitcoin ecosystem is yet to be seen, but it is an undoubtedly valuable protocol stack that will find some functional niche, even if it is different than originally intended.

This post Bitcoin Layer 2: Ark first appeared on Bitcoin Magazine and is written by Shinobi.

@ 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.

@ 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.

---

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.

---

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

---

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

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

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

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

Current Nostr Stats

---

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

@ eb0157af:77ab6c55

The newly elected South Korean President is aiming for a breakthrough in the cryptocurrency market with the introduction of spot ETFs and a national stablecoin.

On June 4, South Korea officially elected Lee Jae-myung as its new President. The candidate from the left-wing party secured victory following the impeachment of former leader Yoon Suk-yeol, who ended his three-year term after a failed attempt to establish a military-backed government.

Voter turnout reached 79.4%, the highest in the last 28 years. Lee won 49.42% of the vote, defeating his conservative opponent Kim Moon-soo, who garnered 41.15%.

The new President’s pledges

In addition to traditional economic priorities such as supporting low-income families and small businesses, Lee Jae-myung has placed digital assets at the heart of his political agenda.

The core pillar of Lee’s strategy involves the introduction of spot ETFs for Bitcoin and Ethereum in the domestic market. Currently, the issuance and local trading of crypto ETFs remain banned in the country.

Another key element of the plan is the approval of stablecoins pegged to the South Korean won. During a discussion last month, Lee emphasized the need to develop a won-based stablecoin market to prevent capital flight abroad.

Under the new administration, South Korea will also work to complete the second phase of its regulatory framework for digital assets. The upcoming legislation will specifically address stablecoin regulations and transparency requirements for cryptocurrency exchanges.

The program also includes the creation of special zones for blockchain-related businesses, where regulations will be minimized to maximize innovation and operational efficiency.

However, this isn’t the first time South Korea has elected a crypto-friendly candidate. The conservative president Yoon Suk-yeol, later impeached, had made several crypto-friendly promises aimed at deregulating the sector, though many of those initiatives saw delays and limited progress during his three-year term.

Yoon’s deregulatory plans faced resistance from the Financial Services Commission (FSC), which maintained strict regulations citing investor protection. In recent months, however, the FSC has shown greater openness toward easing crypto rules — a shift that could support Lee’s commitments.

According to FSC data, by the end of last year the country had 9.7 million registered exchange users, representing nearly 20% of the total population.

The post South Korea: the new leader may favor Bitcoin ETFs and a national stablecoin appeared first on Atlas21.