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News

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

Source: b10c's blog.

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

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

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

Source: block.xyz

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

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

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

Source: Bitwise.

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

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

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French authorities are intensifying their fight against kidnappings related to the digital asset sector with a new series of arrests.

French law enforcement has made further arrests in an investigation concerning a kidnapping case connected to the cryptocurrency world. According to the public broadcaster France 24, on June 11 several individuals suspected of involvement in the abduction of the father of a crypto entrepreneur were detained.

The case that drew international attention involves the father of an anonymous crypto entrepreneur, who was held captive for several days on an isolated property. The criminals, in their ransom demands, went as far as to cut off one of the victim’s fingers as a form of psychological pressure, demanding up to €7 million (about $8 million) for his release.

The rescue operation, carried out on May 3 by French special forces, led to the victim’s liberation and the arrest of five people on site. However, investigations uncovered a wider criminal network, resulting in new arrests, the exact number of which has not yet been disclosed by authorities.

French authorities did not limit their actions to national territory. On June 4, a man suspected to be a key figure behind the series of crypto kidnappings in France was arrested in Morocco.

The escalation of crypto kidnappings in 2025

Data shows an increase in crypto-related kidnappings in France and worldwide. The phenomenon has grown to such proportions that French Interior Minister Bruno Retailleau convened an emergency meeting to address the issue.

Among the most notable cases of 2025 is the attempted daytime kidnapping of Pierre Noizat’s daughter and grandson. Noizat is the co-founder and CEO of the French exchange Paymium; the incident took place on May 13.

According to data from Jameson Lopp, co-founder of Casa, at least 29 personal attacks against cryptocurrency holders have been recorded in 2025 alone. If this trend continues, the annual total could surpass the 35 cases reported in 2024 and the 24 cases in 2023.

The post France: new arrests linked to crypto kidnappings appeared first on Atlas21.

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Coinbase is launching its first-ever credit card — the Coinbase One Card — with up to 4% back in bitcoin on everyday purchases.

The announcement was made at the 2025 State of Crypto Summit in New York and marks a big step towards making bitcoin more accessible and rewarding for everyday use.

The card is being released in partnership with American Express and will roll out in the U.S. this fall. It’s only available to Coinbase One members, the company’s growing subscription service.

“Whether you’re buying groceries or booking a trip, the Coinbase One Card lets you earn rewards in Bitcoin — making everyday spending more rewarding than ever,” Coinbase said in a blog post.

The Coinbase One Card lets you earn 2-4% back in bitcoin, depending on how much you have in assets on the Coinbase platform. All cardholders will start at 2%, but those with more assets can unlock higher cashback rates.

The card also has a metal design with text from Bitcoin’s original Genesis Block engraved on it, representing its connection to the birth of the scarce digital asset.

Coinbase One Card

The bitcoin rewards are a first for Coinbase, which previously only released a prepaid debit card with Visa in 2020. The new card is a shift from traditional digital asset trading tools to everyday financial products that integrate with the blockchain.

The card is on the American Express Network, which provides access to travel protections, exclusive offers, personalized experiences and the secure infrastructure of one of the most trusted brands in payments.

Will Stredwick, SVP of Global Network Services at American Express said:

“We see real potential in the combination of Coinbase and crypto with the powerful backing of American Express, and what the card offers is an excellent mix of what customers are looking for right now.”

Luke Gebb, Executive Vice President of Amex Digital Labs added that Amex is committed to “practical, compliant applications” of the blockchain and Bitcoin technology.

The Coinbase One Card is issued by First Electronic Bank and offered through a partnership with fintech company Cardless. A waitlist is open now on Coinbase’s website and more info will be shared as the fall launch approaches.

To use the card, you need to be enrolled in Coinbase One, a subscription program launched in 2023. There are now two options:

• Standard Coinbase One: $29.99/month, with zero trading fees, priority customer support and enhanced staking rewards.
• Coinbase One Basic: $4.99/month or $49.99/year, to make it more affordable. Basic members also get the card and the same bitcoin rewards.

Both tiers get up to 4% bitcoin back, zero-fee trading on eligible assets (up to $500/month for Basic), and 4.5% APY on the first $10,000 in USDC holdings.

“Our customers are graduating from just creating [accounts] to now using Coinbase as a primary financial account,” said Max Branzburg, Coinbase’s VP of Product.

The Coinbase One Card launch comes as more digital asset platforms are entering the credit and debit card space. Rivals like Gemini have launched cards with similar cashback features and payments giants like Mastercard are exploring bitcoin integrations.

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Bitcoin Magazine

Where Could Bitcoin Peak This Cycle?

With Bitcoin looking as bullish as ever, the inevitable question arises of how high could BTC realistically go in this market cycle? Here we’ll explore a wide range of on-chain valuation models and cycle timing tools to identify plausible price targets for a Bitcoin peak. Although prediction is never a substitute for disciplined data reaction, this analysis gives us frameworks to better understand where we are and where we might be heading.

Price Forecast Tools

The journey begins with Bitcoin Magazine Pro’s free Price Forecast Tools, which compile several historically accurate valuation models. While it’s always more effective to react to data rather than blindly predict prices, studying these metrics can still provide powerful context for market behavior. If macro, derivative, and on-chain data all start flashing warnings, it’s usually a solid time to take profit, regardless of whether a specific price target has been hit. Still, exploring these valuation tools is informative and can guide strategic decision-making when used alongside broader market analysis.

Figure 1: Applying Price Forecast Tools to calculate potential cycle tops. View Live Chart

Among the key models, the Top Cap multiplies the average cap over time by 35 to project peak valuations. It accurately forecasted 2017’s top, but missed the 2020–2021 cycle, estimating over $200k while Bitcoin peaked around $69k. It now targets over $500k, which feels increasingly unrealistic. A step further is the Delta Top, subtracting the average cap from the realized cap, based on the cost basis of all circulating BTC, to generate a more grounded projection. This model suggested an $80k–$100k top last cycle. The most consistently accurate, however, is the Terminal Price, based on Supply Adjusted Coin Days Destroyed, which has closely aligned with each prior peak, including the $64k top in 2021. Currently projecting around $221k, it could rise to $250k or more, and remains arguably the most credible model for forecasting macro Bitcoin tops. Of course, more information regarding all of these metrics and their calculation logic can be found beneath the charts on the site.

Peak Forecasting

Another powerful metric is the MVRV ratio, which compares market cap to realized cap. It offers a psychological window into investor sentiment, typically peaking near a value of 4 in major cycles. The ratio currently sits at 2.34, suggesting there may still be room for significant upside. Historically, as MVRV nears 3.5 to 4, long-term holders begin to realize substantial gains, often signaling cycle maturity. However, with diminishing returns, we might not reach a full 4 this time around. Instead, using a more conservative estimate of 3.5, we can begin projecting more grounded peak values.

Figure 2: A view of the MVRV ratio predicts further cycle growth to reach historical 4+ and even more conservative 3.5 target values. View Live Chart

Calculating A Target

Timing is as important as valuation. Analysis of BTC Growth Since Cycle Lows illustrates that previous Bitcoin cycles peaked almost exactly 1,060 days from their respective lows. Currently, we are about 930 days into this cycle. If the pattern holds, we can estimate the peak may arrive in roughly 130 days. Historical FOMO-driven price increases often happen late in the cycle, causing Realized Price, a proxy for average investor cost basis, to rise rapidly. For instance, in the final 130 days of the 2017 cycle, realized price grew 260%. In 2021, it increased by 130%. If we assume a further halving of growth due to diminishing returns, a 65% rise from the current $47k realized price brings us to around $78k by October 18.

Figure 3: Based on the peak rate of previous cycles, this cycle is far from over. View Live Chart

With a projected $78k realized price and a conservative MVRV target of 3.5, we arrive at a potential Bitcoin price peak of $273,000. While that may feel ambitious, historical parabolic blowoff tops have shown that such moves can happen in weeks, not months. While it may seem more realistic to expect a peak closer to $150k to $200k, the math and on-chain evidence suggest that a higher valuation is at least within the realm of possibility. It’s also worth noting that these models dynamically adjust, and if late-cycle euphoria kicks in, projections could quickly accelerate further.

Figure 4: Combining projected realized price and a possible MVRV target to predict this cycle’s peak.

Conclusion

Forecasting Bitcoin’s exact peak is inherently uncertain, with too many variables to account for. What we can do is position ourselves with probabilistic frameworks grounded in historical precedent and on-chain data. Tools like the MVRV ratio, Terminal Price, and Delta Top have repeatedly demonstrated their value in anticipating market exhaustion. While a $273,000 target might seem optimistic, it is rooted in past patterns, current network behavior, and cycle-timing logic. Ultimately, the best strategy is to react to data, not rigid price levels. Use these tools to inform your thesis, but stay nimble enough to take profits when the broader ecosystem starts signaling the top.

For more deep-dive research, technical indicators, real-time market alerts, and access to a growing community of analysts, visit BitcoinMagazinePro.com.

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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 Where Could Bitcoin Peak This Cycle? first appeared on Bitcoin Magazine and is written by Matt Crosby.

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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.

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

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Dies ist Teil 3 des Essays. Lesen Sie hier Teil 1 und Teil 2.

IV  Denazifizierungsstopp und die „abgesagte“ NS-Aufarbeitung in der Adenauer-Ära

„Nie wieder Krieg, nie wieder Faschismus!“

Dieses Gelöbnis erfuhr seine Ausformulierung, als die durch Krieg und Verfolgung charakterlich tief geprägten und für ihr Leben gezeichneten Väter und Mütter des Grundgesetzes sich 1948 zum Parlamentarischen Rat versammelten. Dort hat man vor dem Erfahrungshintergrund des Totalitarismus Nazi-Deutschlands in den neunzehn Grundrechtsartikeln die Rechte der Menschen vor dem Staat festgeschrieben, die gegen staatliche „Willkür, Ungerechtigkeit und Gewalt“ (25) schützen sollen. Sie wurden zur Grundlage eines neuen Staatsverständnisses, das vom Humanismus und dem Geist der Aufklärung getragen sein sollte. Das Gelöbnis fand seinen verfassungsmäßigen Ausdruck also im Grundgesetz, das am 23. Mai 1949 feierlich in Bonn verkündet wurde. Dessen Geist manifestiert sich besonders in der sogenannten Ewigkeitsklausel der Menschenwürde (Art.1), die den Grundrechtsartikeln, dem Kanon der Menschen- und Bürgerrechte, vorangestellt wurde.

Doch die Unterschriften unter dem Grundgesetz waren kaum trocken, da wurde dieses Gelöbnis schon durch die Frontstaatenideologie des Kalten Krieges überlagert, konterkariert und in der Praxis sukzessive aufgehoben. Der Kalte Krieg hatte bereits begonnen und seine Akteure bedienten sich ungeniert der Vorurteile und Stereotypen, mit denen die Deutschen noch gut aus dem Dritten Reich vertraut waren. Grundiert vom militanten Anti-Kommunismus, der bekanntlich auch die Nazi-Ideologie stark angetrieben hatte, verstärkt durch die Wiederbewaffnung mit der sie begleitenden Aufnahme der BRD in die NATO, konsolidiert in der Zeit der Adenauer-Restauration in den 1950er Jahren, in der ein konservativ-elitäres Staatsdenken gegenüber radikaldemokratischen Bestrebungen klar dominieren und sich durchsetzen sollte, erwies die Aufarbeitung der NS-Vergangenheit sich als der größte und folgenreichste Rohrkrepierer in der Geschichte der noch jungen zweiten deutschen Republik. Erst mit den Frankfurter Auschwitz-Prozessen und stärker dann noch im Zusammenhang mit der Studentenrevolte Ende der 1960er Jahre sollte es zu neuen ernsthaften Bemühungen um gesellschaftliche Aufarbeitung kommen. 

Adenauers Ankündigung einer Beendigung der NS-Aufarbeitung, die er bereits in seiner ersten Regierungserklärung 1949 (!) vor dem Bundestag gab, dürfte auch und gerade aus heutiger Sicht von deutlich wichtigerer Bedeutung für das Fortleben autoritär-rechtsextremer, völkischer und nationalsozialistischer Gesinnungen und Haltungen in Deutschland gewesen sein als der Einzug der AfD in den Bundestag 2017, einschließlich aller geschichtsvergessenen und in ihrer Wortwahl geschmacklosen Äußerungen ihrer Politiker seither. 

Bemerkenswert sind die Worte, mit der Adenauer so früh der gesellschaftlichen Aufarbeitung der NS-Zeit eine klare Absage erteilte:

„Durch die Denazifizierung ist viel Unglück und viel Unheil angerichtet worden. (...) Im Übrigen dürfen wir nicht mehr zwei Klassen von Menschen in Deutschland unterscheiden, die politisch Einwandfreien und die politisch Nicht-Einwandfreien. Diese Unterscheidung muss baldigst verschwinden.“ (26)

Rasch wurden daraufhin die gesetzlichen Grundlagen geschaffen, um in den im Aufbau befindlichen bundesdeutschen Verwaltungsapparat über 50.000 NS-belastete Beamte wiedereinzugliedern, darunter auch viele, die zuvor dem Nazi-Unrechtsstaat als Mitglieder der Gestapo und der SS gedient hatten. Besonders im Bundesjustizministerium hatte ein Netzwerk aus Alt-Nazis unterhalb der ministeriellen Leitungsebene bis in die 1960er Jahre hinein das Sagen, mit großen, noch immer nicht vollständig aufgearbeiteten Auswirkungen auf die Gesetzgebung, durch die NS-Verbrecher in der BRD auf verschiedene Weisen vor Strafverfolgung geschützt wurden.  

Den ideologischen Hintergrund bildet dafür der Konservatismus, dem Adenauer, die CDU/CSU und andere politisch einflussreichen Kräfte anhingen, genauer gesagt das Elitedenken, das für diesen Konservatismus konstitutiv ist. Es erklärt, dass die Regierung lieber auf die alte Elite, auch wenn sie in weiten Teilen nationalsozialistisch belastet war, zurückgriff als ein neues, demokratisch-selbstbewusstes Beamtentum zu begründen und eine aus den verschiedenen Facetten des Widerstandes sich rekrutierende Führungsschicht aufzubauen. Denn die geeigneten Personen für diese Führungsschicht hätte man weitgehend nicht im eigenen Lager, sondern im Lager der politischen Gegner, bei Sozialdemokraten, Sozialisten, Kommunisten und Linksliberalen finden können. 

Fazit: Im Handumdrehen wurde der an das „Nie-Wieder!“– Versprechen an die zukünftigen Generationen geknüpfte, zumindest teilweise ernsthaft und aufrichtig angestrebte Neuanfang –verstanden als ein radikal zu vollziehender Bruch mit der faschistischen Vergangenheit – hintertrieben, entstellt, entkräftet und um seine Wirkung gebracht. Dabei spielte nicht zuletzt die schnell wieder angekurbelte Feindbildproduktion und Russophobie („alle Wege der Linken, Friedensfreunde, Anti-Militaristen und Neutralitätsbefürworter führen nach Moskau!“), eine wichtige Rolle.

Es ist daher kein Zufall, dass sie uns so verblüffend ähnlich auch heute wieder in Politik und Medien begegnet. Sie ist ein Herzstück der deutschen Nachkriegs-Lebenslüge namens „Vergangenheitsbewältigung“. Hier gilt einmal mehr der Satz, dass Untote bekanntlich länger leben.

Sie macht sich heute auch darin bemerkbar, dass die Tatsache, dass es sich bei dem Krieg gegen Russland nicht um einen Eroberungskrieg, sondern um einen Vernichtungsfeldzug gegen eine „minderwertige Rasse und Kultur“ handelte, im kollektiven Bewusstsein der Deutschen nicht verankert wurde. Sonst hätte der Hass auf die Russen und alles Russische gesellschaftlich nicht wieder hoffähig werden können.

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Exkurs zum Niedergang der deutschen Sozialdemokratie

Im Ringen um den Weg, den die Bundesrepublik in den 1950er Jahren nehmen sollte, wurden damals Sozialdemokraten, die sich nicht bedingungslos der Bollwerks- und Frontstaaten-Ideologie des Kalten Kriegs unterwarfen, als „vaterlandslose Gesellen“ diffamiert. Die SPD tat sich immer schwer damit, der Demagogie der bürgerlichen Parteien etwas entgegenzusetzen, da Antikommunismus bei breiten Teilen der Bevölkerung, getreu der Devise „je primitiver, desto besser bzw. wirkungsvoller“, auch nach Hitler verfing. 

Heute schlägt die Sozialdemokratische Partei die Aufrüstungs- und Kriegstrommel lieber selber kräftig mit und diffamiert die Angehörigen der Friedensbewegung und Verfechter einer Détente mit Russland als „Putin-Freunde“ und „Russlandversteher“ oder gar, ins absurd Metaphysische gesteigert als “gefallene Engel aus der Hölle“ (Olaf Scholz).

Mit dem Friedensnobelpreisträger und NS-Widerstandskämpfer Willy Brandt an der Spitze fuhr die SPD ihren größten Wahlerfolg ein – die von ihm geführte erhielt in der Bundestagswahl 1972 45,8 Prozent. Außenpolitisch überzeugte sie mit „Wandel durch Annäherung“ und „Wir wollen ein Volk guter Nachbar sein“. Nun ist sie beim Führungspersonal bei einem farblosen Apparatschik und Waffenlobbyisten (27) namens Lars Klingbeil und 16,4 % der Wählerstimmen angekommen. Zumindest die ebenso blasse und ideenlose Saskia Esken, die bei vielen einzig und allein für ihre Diffamierung von Demonstranten gegen das Corona-Unrecht („Covidioten“) in Erinnerung bleiben wird, zieht aus ihrer Unbeliebtheit nun die Konsequenz und tritt ab.

Indem die SPD, in Anbetracht der Friedensinitiativen Trumps die Chance verstreichen lässt, sich selbst in ihrer Politik gegenüber Russland zu korrigieren, um doch noch auf den Pfad der Diplomatie zurückzukehren und zu verhindern, dass auch noch der letzte Rest sozialdemokratischer Substanz über Bord geworfen wird, setzt Sozen-Konkursbeschleuniger Klingbeil zusammen mit BlackRock-Millionär Merz auf den Scholzschen Zeitenwende-Wahnsinn von 100 Milliarden für die Rüstung lieber noch weitere 500 Milliarden Euro drauf. Er und der den Kommiss-Ton perfekt beherrschende Pistorius, mit seinen Einlassungen zum „russischen Diktatfrieden“, der, wenn man ihn denn schon unbedingt so nennen will, ja nicht zuletzt auf das Konto der diplomatischen Untätigkeit der deutschen Regierung geht, besiegeln durch das von der Schuldenbremse befreite, in puncto Kostspieligkeit nach oben offene Aufrüstungs- und Militarisierungsprogramm, unter das in Wirklichkeit auch ein großer Teil der geplanten Infrastrukturmaßnahmen subsummiert werden wird (28), das Schicksal der ältesten Partei Deutschlands. Wissen diese SPD-Politiker wirklich nicht, was sie tun, wenn sie für die Profite der Rüstungswirtschaft alles verraten und auf lange Sicht verspielen, wofür diese Partei außen- und sozialpolitisch einmal stand und wofür sie gewählt wurde?    

All das, was die SPD als Friedens- und Entspannungspartei einmal zur stärksten politischen Kraft gemacht hat, wird nun wie im Wahn von ihr verleugnet und mutwillig, geschichtsvergessen-revanchistisch zerstört. Und nicht nur das: Die SPD liefert den Rechten (nein, nicht der AfD, sondern den sonstigen Extremisten der Mitte!) den Grund, den neoliberal bereits entkernten Sozialstaat weiter – ab jetzt aber mit Bulldozern statt mit der Spitzhacke – zu zerstören. Sie nimmt dafür auch weitere, schwere Beschädigungen der Legitimität unserer ohnehin dahinsiechenden Demokratie in Kauf. Die Demokratie liegt nämlich seit Corona bei uns auf der Intensivstation und muss, u.a. durch regierungsfinanzierte „NGOs“ und staatlich organisierte Anti-AfD-Demonstrationen, künstlich beatmet werden!

Schließlich war die SPD zusammen mit der Merz-Union sogar bereit, einen kalten Putsch gegen die Integrität des Parlamentarismus und die elementaren Spielregeln der Demokratie durchzuführen. Mit diesem Putsch hat man im abgewählten 20. Bundestag noch schnell politisch äußerst weitreichende Grundgesetzänderungen durchgesetzt – und das gegen die neuen Mehrheiten des bereits gewählten 21. Bundestages! Die durch Bruch des Wahlversprechens ermöglichte Grundgesetzänderung, stellt einen besonders beschämenden Akt der Machtanmaßung, Wählerverhöhnung und Demokratiemissachtung dar. Und sie verfehlte ihre Wirkung nicht. Kurz darauf konnten die Demoskopen neue Rekordwerte für die AfD messen, die nun als stärkste Partei noch vor der CDU lag. Das Merz-Manöver dürfte im Übrigen dafür gesorgt haben, dass ihm nach der Wahl zum Bundeskanzler, die ja alles andere als glatt verlief, ein Makel anhängt, der so gravierend ist, dass er für den Rest seiner Amtszeit (hoffentlich) nicht mehr zu tilgen sein wird.

Das besonders Irre, das nicht nur den Fall der SPD beschreibt, ihr Versagen aber besonders plastisch hervorhebt, ist, dass es seit Beginn des Ukraine-Kriegs innerhalb der EU (mit Ausnahme Orbans) keine diplomatischen Initiativen gegeben hat, um mit Russland wieder ins Gespräch zu kommen. Im Rückblick wirken da selbst die Kalten Krieger vor und während der Ostpolitik von Willy Brandt wie Appeasement-Politiker. 

Stattdessen war wiederholt eine Bundesaußenministerin zu vernehmen, die offenbar nur sehr eingeschränkt dazu imstande ist, ihre sprachliche Performanz dem hohen Amt angemessen zu kontrollieren. Sie wollte öffentlich „Russland ruinieren“ und erklärte dem Land ein anderes Mal, vor dem Europarat, beiläufig den Krieg. Dass Baerbock, die in ihrer Amtszeit in fast jedes diplomatische Fettnäpfchen getreten ist, jetzt zur zweithöchsten UN-Chef-Diplomatin gewählt wurde, ist Realsatire pur!

Polemik als geistiger Notwehrakt 

Doch Halt! – Gerade merke ich, wie mich mein Hang zur Polemik fortzureißen beginnt!

Die Polemik ist ein hilfreiches (und noch nicht ganz verbotenes!) geistiges Notwehr-Mittel in Zeiten eines zunehmend aggressiv aufgeheizten gesellschaftlichen Klimas. Wie soll man nicht zum Polemiker und Satiriker angesichts des grassierenden Wahnsinns der Politik und ihrer vielen verrückt und absurd anmutenden Pathologien und Regressionen werden, hinter denen bei genauerem Hinsehen dann doch oft auch Kalkül vermutet werden muss? Wie sind sie anders als Vorgänge zu deuten, die zur Abwicklung der Demokratie führen sollen? Vorgänge, die durch eben jene Kräfte betrieben werden, die „unsere Demokratie“ inflationär lobpreisen und nicht müde werden, ihre „Werte“ in Sonntagsreden hervorzuheben. Gleichzeitig werden diese Werte aber durch Cancel Culture, Zensur und Denunziation massiv von ihnen angegriffen und von innen immer weiter ausgehöhlt.

Definitiv verhält es sich heute so, dass der Hang zur Polemik dem Umstand geschuldet wird, dass wir mittlerweile in schier unglaublichen Zeiten von Travestie-Ausgeburten  leben. Diese machen es uns immer schwerer, nicht ganz die Bodenhaftung zu verlieren. All die wahnwitzigen Phänomenen, die wie wildgewordene Säue tagein tagaus durch das globale Dorf der Massenmedien in Echtzeit** getrieben werden, sie gefährden das Restvertrauen in den gesunden Menschenerstand und schränken die Möglichkeiten stark ein, einen halbwegs stabilen, geerdeten, vernunftgeleiteten Realitätsbezug aufrechtzuerhalten.

Und doch soll hier nicht ein weiteres Mal in dieser Façon mit der Regierungspolitik abgerechnet werden. Auf der Suche nach den tieferen Gründen für diese negativen Entwicklungen, soll stattdessen im zeithistorischen Material an einigen neuralgischen Stellen genauer nachgesehen und an der Oberfläche gekratzt werden, um die blinden Flecken bundesrepublikanischer Selbstwahrnehmung sichtbar zu machen.

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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

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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:

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• Ab 1000 CHF werden Sie Genossenschafter der Friedenstaube mit Stimmrecht (und bekommen lebenslanges Abo, T-Shirt/Hoodie).

Für Einzahlungen in CHF (Betreff: Friedenstaube):

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Betreff: Friedenstaube

Wenn Sie auf anderem Wege beitragen wollen, schreiben Sie die Friedenstaube an: friedenstaube@pareto.space

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

@ cae03c48:2a7d6671

Bitcoin Magazine

JPMorgan Reports Record Profits for Bitcoin Miners in Q1

Bitcoin mining companies in the U.S. have kicked off 2025 with record performance, according to a recent report. The first quarter of the year was “one of Bitcoin miners’ best quarters to date,” analysts Reginald Smith and Charles Pearce stated. 

JUST IN: JPMorgan reported Q1 2025 was one of the best periods on record for publicly traded bitcoin mining companies pic.twitter.com/gs9fGiTbZV

— Bitcoin Magazine (@BitcoinMagazine) June 13, 2025

“Four of the five operators in our coverage reported record revenue and profits,” the report stated, underscoring the sector’s impressive rebound in profitability amid continued institutional adoption and high bitcoin prices, currently hovering around $105,462.87.

In total, U.S.-listed miners brought in $2.0 billion in gross profit during Q1 2025, with average gross margins reaching 53%—a jump from $1.7 billion and 50% in the previous quarter.

MARA Holdings (MARA) once again led the pack in Bitcoin production, mining the most BTC for the ninth consecutive quarter. However, despite its output dominance, MARA also posted the highest cost per coin, estimated at $72,600, JPMorgan noted.

On the profitability front, IREN (IREN) was the standout performer. For the first time, IREN earned the most gross profit among the tracked firms. The company also reported the lowest all-in cash cost per Bitcoin, around $36,400, helping to boost margins significantly.

CleanSpark (CLSK), another major player, did not raise any equity in the quarter—one of the more capital-disciplined moves seen among its peers. In fact, JPMorgan reported that the five miners it tracks issued only $310 million in equity for Q1, marking a steep decline from $1.3 billion in Q4 2024. 

On the operational expense side, miners spent an estimated $1.8 billion on power, up $50 million from the previous quarter—demonstrating the energy-intensive nature of mining. 

JPMorgan’s outlook on the industry remains bullish for select players. The bank maintains overweight ratings for CleanSpark, IREN, and Riot Platforms (RIOT), while assigning neutral ratings to Cipher Mining (CIFR) and MARA.

As profitability surges and strategic spending remains in check, 2025 may very well be remembered as a turning point in mining economics—especially for companies navigating cost discipline and scaling production. 

This post JPMorgan Reports Record Profits for Bitcoin Miners in Q1 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ cae03c48:2a7d6671

Bitcoin Magazine

UK Gold Mining Company Bluebird to Convert Gold Revenues into Bitcoin

Bluebird Mining Ventures Ltd., a pan Asian gold project development company, recently announced a major strategic shift. It plans to convert future revenues from its gold mining projects into bitcoin and adopt bitcoin as a treasury reserve asset. 

Strategy shift to covert gold into digital gold – #bitcoin #goldmining #goldequities #investinbitcoin #investingold
"Combining income streams from gold mining projects and recycling these revenues into a proactive "Bitcoin in Treasury" management approach, whilst maintaining a… pic.twitter.com/BpJA6hFU9Y

— Bluebird Mining Ventures Ltd (LSE:BMV.L) (@bluebirdIR) June 5, 2025

“By adopting a ‘gold plus a digital gold’ strategy, it offers the Company an opportunity to turn the page and look to the future and seek to attract a new type of shareholder,” said the Executive Director and CEO of Bluebird Aidan Bishop. “Under the leadership of a new CEO, once identified, it is my sincere hope that Bluebird will finally realise its ambitions for which it was initially established for.”

The announcement comes as Bluebird progresses towards a key agreement on its flagship Philippine project. The company expects to finalize a deal in the coming weeks that will grant it a net profit interest throughout the life of the mine, with no ongoing capital costs. The company said it believes bitcoin offers a modern alternative to traditional store of value assets like gold.

“I am very pleased with the progress of discussions in the Philippines which are looking very positive and will enable, if successfully completed, Bluebird to maintain an ongoing exposure with zero future cash commitments,” stated Bishop.

Bluebird plans to recycle revenues from its mining operations directly into bitcoin, aligning with what they describe as an innovative treasury approach. The company cited bitcoin’s fixed supply of 21 million, increasing global adoption, and role as a hedge against inflation and monetary instability as key reasons for its decision.

“Combining income streams from gold mining projects and recycling these revenues into a proactive ‘Bitcoin in Treasury’ management approach…” the company said. “Companies that have adopted bitcoin into their treasury strategy globally across public markets have been enjoying significant investor interest as well as substantial premiums to Net Asset Value (NAV) that have challenged traditional financial metrics as a basis of valuation.”

To lead this new phase, Bluebird is actively searching for a new CEO with experience in digital assets.

“On a personal level, I embarked some time ago on a journey to understand and learn about bitcoin,” added Bishop. “I am convinced that we are witnessing a tectonic shift in global markets and that bitcoin will reshape the landscape of financial markets on every level.”

This post UK Gold Mining Company Bluebird to Convert Gold Revenues into Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 2e8970de:63345c7a

Iran raising a red flag in war times? That's a bit. Sabrina Carpenters "persona" - she's doing a bit. In the pope election the cardinals locking themselves in a conclave and the white smoke thing - it's a bit. Everything is only a bit.

Maybe I'm just old and interpret too much into youth slang but - that's actually a HUGE cultural shift if young people think of nothing as authentic anymore. What even is authentic?

https://stacker.news/items/1006348

@ cae03c48:2a7d6671

Bitcoin Magazine

The 30,000-Foot View of the Oslo Freedom Forum

As I step onto the plane leaving Gardermoen Airport in Oslo, Norway, the weight and warmth of the past week settles into my chest.

The Oslo Freedom Forum is not a conference. It’s not a summit. It’s something harder to name and even harder to describe — a convergence of courage, truth and defiance that burns through the noise of the modern world and gives you no choice but to listen, feel and act.

For the second time, I leave this city more convinced than ever that something unstoppable is rising. That amid the censorship, surveillance and state repression spreading across the globe, there is a countervailing force rooted in humanity, accelerated by technology and led by those who’ve already paid the price for speaking out.

The Forum doesn’t trade in empty optimism. It delivers a different kind of hope, forged from lived experience and stitched together by people who have been in the dark and still choose to see the light. A hope borne from the stories of individuals who have lived through the worst an authoritarian regime can do and still choose to fight for the freedom of others. The experiences shared were hard. At times, devastating. But they weren’t offered for pity. They were calls to action.

Just days after she was abducted, blindfolded, tortured, and sexually assaulted in a Tanzanian prison cell, Agather Atuhaire stood in front of a crowd of strangers and told her story.

Her voice did not tremble.

The Ugandan journalist and lawyer had traveled to Tanzania in solidarity with fellow East African dissidents, only to be disappeared in a black van alongside Kenyan activist Boniface Mwangi.

And yet, against all odds, she came back. Not just to her home in Uganda, but also to the stage in Oslo, where she spoke calmly and clearly about what it means to tell the truth under a dictatorship.

Her presentation, “The Digital Free Speech Crackdown in Uganda,” laid bare the authoritarian playbook: social media blackouts, propaganda campaigns, surveillance of journalists and the slow financial asphyxiation of independent media. When the government doesn’t like a story, it simply blocks the platform or website. When a journalist digs too deep, they disappear for a while. Or forever. Atuhaire painted a picture many struggle to even imagine.

And yet, after everything, she didn’t just recount these struggles. She looked out at the crowd and thanked the open source builders and contributors who write code and create tools that make it possible for activists like her to speak, move money and organize under regimes that want them silenced, or worse.

(Ugandan journalist and lawyer, Agather Atuhaire, speaks during the Freedom Tech track at the 2025 Oslo Freedom Forum.)

From Iran, independent Bitcoin educator Ziya Sadr reminded us that financial privacy is not a luxury but a necessary lifeline for those facing the financial repression by oppressive rulers. Sadr’s detainment during the 2022 Women, Life, Freedom movement following the murder of Mahsa Amini by the Iranian regime is a testament to that. Without financial privacy, activists’ actions, connections and finances are exposed to a regime equipped with widespread financial controls and a sophisticated, restrictive internet firewall that rivals even China’s.

The result is one of the most repressive digital environments in the world. And if that wasn’t enough, the Iranian rial currency has lost more than 80% of its value in just a few years.

Against this backdrop, Iranians are using bitcoin as undebasable savings, and to buy digital services like VPNs in order to access the open internet. But even that act, just reaching the outside world, requires a level of privacy most of us take for granted.

In his presentation, “Securing Lifelines: The Bitcoin Privacy Imperative,” Sadr shared that many Iranians turn to Bitcoin Coinjoins, a privacy technique that breaks the link between Bitcoin transaction inputs. Coinjoins preserve user transaction privacy and, more importantly, shield Iranians from the surveillance and retaliation of a regime who punishes anyone trying to access information beyond its tightly controlled digital spaces. The use of Coinjoins is becoming more difficult as global legal pressure mounts against open source developers, and in the aftermath of the Samourai developer arrests, privacy protocols like Whirlpool are unworkable.

Today, Sadr is learning more about additional Bitcoin privacy tools, including Paykoin, a privacy method that allows two users to contribute an input to a Bitcoin transaction. Payjoin breaks common chain analysis heuristics and conceals the sender and receiver of a transaction as well as the payment amount. Then there is ecash, a form of digital cash backed by Bitcoin that enables very private, everyday payments with the custodial trade-off of trusting mints (entities that issue and redeem ecash tokens) to store user funds.

The continued development of these protocols is crucial for Iranians, who live under a government that not only tracks and surveils digital behavior, but also imposes automatic fines on women for violating hijab rules and manipulates currency exchange rates to profit off citizens’ savings. For millions in Iran, bitcoin offers a last line of defense against a collapsing currency, intrusive surveillance and total financial repression.

(Independent Iranian Bitcoin educator, Ziya Sadr, speaks during the Freedom Tech track at the Oslo Freedom Forum.)

Venezuelan opposition leader Leopoldo López took the stage at the 2025 Oslo Freedom Forum not as a politician, but as a witness to what happens when a state turns its institutions into further tendrils of its repression machine.

After Nicolás Maduro stole Venezuela’s 2024 elections, López watched thousands of his fellow people — activists, students, journalists, opposition members and lawyers — get arrested, disappeared or forced into exile. The regime blocked access to social media, revoked passports, criminalized dissent and used the financial system as a means of controlling the population.

Amid this digital repression and Venezuela’s 162% inflation rate, López sees bitcoin (decentralized money) and Nostr (decentralized social media) as lifelines. When dictators shut down the internet or freeze your bank account, alternatives that are open source, decentralized, uncensorable and accessible become more important than ever for the survival of democracy and freedom.

**“Decentralized resistance is the convergence of people, Bitcoin, Nostr, and AI.

People, it’s about the center and the end of what we are doing.

Brave women and men who sacrifice their freedom, who take risks, who are willing to fight for other people.

If it’s not about people, technology wouldn’t be something worth fighting for.

Bitcoin is freedom money. It’s decentralized, nobody controls it, nobody can stop it, it can move around without borders.”**

(Venezuelan Opposition Leader Leopoldo López during the Freedom Tech track at the 2025 Oslo Freedom Forum.)

For decades, Paraguay’s greatest natural resource, hydroelectric power, has flowed out of the country through international contracts, fueling development in neighboring countries like Brazil and Argentina while one in four Paraguayans remained trapped in poverty. Paraguay’s Itaipu Dam, one of the largest in the world, has long symbolized this paradox: a river of energy diverted away from the very people who need it most.

Björn Schmidtke and Delia Garcete of Penguin Group are flipping that script.

In a landmark move, they secured Paraguay’s first 100-megawatt power purchase agreement, marking the beginning of a bold experiment to reclaim that energy for the people of Paraguay. Instead of selling it off to foreign powers, they use it to mine Bitcoin — and the proc

@ f0fd6902:a2fbaaab

https://stacker.news/items/1006238

@ cae03c48:2a7d6671

Bitcoin Magazine

Pakistan’s Strategic Bitcoin Reserve: A Step Toward Orange-Pilling a Nation?

Pakistan’s relationship with Bitcoin has been marked by inconsistency and confusion over the past few years. Initially, the country outright banned bitcoin trading in 2018, citing concerns over fraud, money laundering and lack of regulation. However, over time, their stance softened and regulators began exploring the technology behind Bitcoin with courts even questioning the legality of the ban. Eventually, citizens were allowed to hold bitcoin, though trading remained murky and unregulated. This back-and-forth approach has created a confusing environment, where Bitcoin exists in a legal gray area. It is technically allowed, yet not fully embraced or regulated, reflecting the state’s struggle to balance innovation with control.

PAKISTAN TO ESTABLISH NATIONAL STRATEGIC #BITCOIN RESERVE

Honored to have had the Pakistan Minister Bilal Bin Saqib at the Bitcoin Conference pic.twitter.com/7WunP5fuZm

— The Bitcoin Conference (@TheBitcoinConf) May 29, 2025

This muddled relationship with Bitcoin seems to have turned a corner in recent weeks as Bilal Bin Saqib, head of the Pakistan Crypto Council, at the Bitcoin 2025 Conference in Las Vegas announced that the country is moving to establish a strategic Bitcoin reserve. Furthermore, he announced the allocation of 2,000 megawatts of excess energy to Bitcoin mining and high-performance computer data centers. The Ministry of Finance has also commissioned the establishment of an entirely new agency to oversee digital asset regulation which could lead to a less opaque legal framework around bitcoin ownership and usage in everyday transactions.

Critics have argued that this is merely an attempt by Pakistan to cozy up to Trump in the aftermath of the recent skirmish with India. After all, Saqib did state that Pakistan was inspired by the Trump administration when he spoke at the recent Las Vegas Bitcoin conference. Others have asserted that Pakistan is merely seeking to build resistance to possible sanctions in the future over its support for terrorist groups. I believe that such a geopolitically focused critique overlooks a deeper economic reality that has been staring Pakistan in the face for many years. 

I wrote an article for a Pakistani newspaper about a year ago in which I argued that the country is uniquely situated, in economic terms, to take advantage of Bitcoin and unlock the benefits that come with adoption. Pakistan suffers from rampant inflation, stagnant capital formation, depleted foreign reserves, an inefficient bureaucracy and an overreliance on remittances from abroad. These systemic issues have eroded citizens’ faith in traditional financial systems, leaving many Pakistanis disillusioned and seeking alternative means to safeguard their wealth and economic autonomy. 

Thus, nurturing a culture of Bitcoin adoption could go a long way toward alleviating much of these economic ills and empowering citizens to take control of their financial future. By earning and trading a form of currency that is deflationary in nature, Pakistanis can protect themselves from the downsides of the macroeconomic trends that have decimated the living standards of this once proud nation. Bitcoin adoption could transform the country’s lively remittance sector, with receivers keeping more of the money they are sent. It could also emancipate people from the inefficient banking system that is such a drain on the people. Permissionless transactions could also empower the beleaguered minorities who often struggle to achieve financial freedom. 

The announcement of a strategic Bitcoin reserve, as well as promises to introduce pro-Bitcoin regulation and a mining strategy, are steps in the right direction. They show that the mood is shifting and the country is starting to take a serious look at the only real digital currency in town. These steps also point to a much broader, global shift in attitudes toward Bitcoin — especially in nations where hyperinflation is a daily reality and the banking system struggles to meet citizens’ needs. 

However, real change will only come when Pakistan fully legalizes bitcoin as a digital currency and takes steps toward mass adoption. Only then will ordinary Pakistani citizens be free to trade with people from all over the world without the need to rely on the local banking system. Only then will financial autonomy become an achievable goal for those living far away from the big cities where banks are based. Only then will women be free to earn, store and transact in a digital currency that is resistant to cultural barriers. 

Creating a national strategic reserve merely signals that a nation believes in bitcoin as an asset with the potential to offer a reliable return. It does not signal that a nation has adopted the digital currency as a means to overcome the obstacles imposed by fiat. Strategic national reserves also hoard bitcoin and bring it too close to the state, even though the digital currency was designed to be a hedge against state-controlled money. As such, a reserve does not unlock the true potential of bitcoin to act as a buffer against domestic inflation, currency devaluation and a cumbersome banking system. 

A strategic Bitcoin reserve is a step in the right direction for Pakistan, as it would be for any nation that suffers from hyperinflation. But only mass adoption will truly unlock the immense potential Bitcoin can offer to a nation such as Pakistan and we have a long way to go before that becomes a reality. 

In my view, strategic reserves are not what bitcoin is all about, but let’s hope this is merely the first step in a long and prosperous journey toward orange-pilling a nation.

This post Pakistan’s Strategic Bitcoin Reserve: A Step Toward Orange-Pilling a Nation? first appeared on Bitcoin Magazine and is written by Ghaffar Hussain.

@ b83a28b7:35919450

This is the second installment in the series "The Net Appears" where I document my journey from being in a well-established and well-paying fiat job into the unknown world of independent work in freedom tech. 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.

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So this happened a couple of days ago:

nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqqsd6khjdmgmme3xrnzj5xn5tfwer5pjchh20mcp4lfemurfsj3v4wgsjw0uj

Let's back up a bit, because in the first installment of this series, I was still in limbo.

If you’d told me three weeks ago that corporate martyrdom could be negotiated like a farmers-market cantaloupe, I’d have laughed you off the Microsoft Teams grid. Yet there I was, video-boxed opposite my Senior Vice Priest of PowerPoint, calmly re-petitioning for a graceful guillotine.

His verdict: the guillotine is for optics only, and apparently it clashes with the brand guidelines. Laying off The AI Guy would look like we’d just unplugged the future for spare parts. Impossible. But the man did extend an olive branch the size of a bonsai: “Resign, and we’ll cash out your vacation - thirty glorious days of fiat.”

Not the three-month severance I’d fantasized about, but enough to buy time, dignity, and a respectable stack of Claude API credits. I signed before he could replace goodwill with an NDA.

And then I chose July 4 as my last day. Cue bald eagles, Sousa marches, and a slow-motion shot of me frisbee-flinging my employee badge into an erupting grill. Independence from fiat, by literal fireworks.

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Space Rush

The moment rumors of my exit hit Teams, meeting invites vanished like socks in a hotel dryer. I’ve used the liberated hours to launch A Muse Stochastic, my audio-visual fever dream where generative melodies court glitch-poetry and occasionally elope with Gemini Veo video frames. The first episode is live, pulsing somewhere between synaptic Vivaldi and quantum origami. So far it has six listeners and one confused Australian-shepherd (my most honest critic).

nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqy88wumn8ghj7mn0wvhxcmmv9uq3zamnwvaz7tmwdaehgu3wwa5kuef0qqsvhtdltg2k3guhmshgmgt3nc9ejy0ct96t7udm04r5mupplcmdtesppmn7x

Meanwhile the playwright in me, neglected for months beneath sprint plannings and quarterly road-maps, finally crawled into the light. “Waiting for Satoshi,” first conceived on a warm Prague evening exactly one year ago ( nostr:nprofile1qy0hwumn8ghj7en0deehgu3dw3jhxapwdah8yetwv3jhytnrdakj7qgcwaehxw309a5hxmrpdejzumn0wd68yvfwvdhk6tcqyzaz7w2gxdjcga0fz6qt3x8ehc83mpgpvmr2swwmuzzdqfn26m3q54mhg79 can attest to this), now wears its final coat of dialogue. Tomorrow it debuts on GitHub - Creative Commons, open-source, fork-and-prosper - perhaps the inaugural play to invite pull requests for stage directions. If anyone wishes to add a tap-dancing Lightning node, be my guest.

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Prague on the Horizon

Next week I return to BTC Prague, where ghosts of last year’s epiphany still linger near the pastry stand. This time I’m lugging camera gear, not corporate slide decks. Episode Two of Finding Home will be filmed there, featuring a wanderer whose bitcoined life map reads like Odysseus riding a Lightning invoice.

Perhaps my only conference of the year, I'm looking forward to catching up with friends old and new, and catch a whiff of that infectious bitcoin hopium.

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Micro-lessons from Week Three

1. Severance is a mindset. One month of paid vacation feels oddly richer than three months shackled to uncertainty.

2. Symbolism scales. Pick an Independence Day, any Independence Day, and watch the universe queue fireworks.

3. Creative backlogs age like fine kimchi. Leave an idea in brine for a year and it returns with extra tang.

4. Open source = open veins. Releasing art into the commons is terrifying until you remember blood circulates best when it moves.

5. Microsoft Teams silence is golden (parachute). Each canceled stand-up funds roughly eight bars of experimental synth.

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Gazing Forward

I still don’t know how mortgage, car payments, and teenage-soccer-tour fees will reconcile with my bank balance come August. Yet the dread that once clung to my ribcage has dissolved, replaced by a jittery anticipation - like the hush before a stadium crowd erupts. Every unknown now feels less like a void and more like a blank slide awaiting wild, irreverent doodles.

Next dispatch will likely come with reflections from Prague. The last two years, I was moved to unexpected tears on the final day, marveling at the sheer profundity of the human experience of the week past. Surely, that can't repeat for a third year in a row?

Until then, may your own nets appear exactly when logic insists they can’t - and may they be woven from liberated vacation days and the audible crackle of celebratory fireworks.

@ 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

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Layer 2: Statechains

Statechains are an original second layer protocol originally developed by Ruben Somsen in 2018, depending on the eltoo (or LN Symmetry) proposal. In 2021 a variation of the original proposal, Mercury, was built by CommerceBlock. In 2024, a further iteration of the original Mercury scheme was built, Mercury Layer. 

The Statechain protocol is a bit more complicated to discuss compared to other systems such as Ark or Lightning because of the range of variations that are possible between the original proposed design, the two that have been actually implemented, and other possible designs that have been loosely proposed. 

Like Ark, Statechains depend on a centralized coordinating server in order to function. Unlike Ark, they have a slightly different trust model than a vUTXO in an Ark batch. They depend on the coordinating server to delete previously generated shares of a private key in order to remain trustless, but as long as the server follows the defined protocol and does so, they provide a strong security guarantee. 

The general idea of a Statechain is to be able to transfer ownership of an entire UTXO between different users off-chain, facilitated by the coordinator. There is no requirement for receiving liquidity like Lightning, or the coordinator server to provide any liquidity like Ark. 

To begin, we will look at the original protocol proposed by Ruben Somsen. 

The Original Statechain

Statechains are effectively a pre-signed transaction allowing the current owner of the Statechain to unilaterally withdraw on-chain whenever they want, and a history signed messages cryptographically proving that past owners and the receivers they sent the Statechain to approved those transfers. 

The original design was built on eltoo using ANYPREVOUT, but the current plans on how to enable the same functionality make use of CHECKTEMPLATEVERIFY and CHECKSIGFROMSTACK (a high level explanation of this is at the end of the CHECKSIGFROMSTACK article). The basic idea is a script enabling a pre-signed transaction to spend any UTXO that has that script and locks the appropriate amount of bitcoin, rather than being tied to spending a single specific UTXO. 

In the protocol, a user wishing to deposit their coins to a Statechain approaches a coordinator server and goes through a deposit protocol. The depositing user, Bob, generates a key that will be uniquely owned by him, but also a second “transitory” key that will eventually be shared (more on this soon). They then craft a deposit transaction locking their coin to a multisig requiring the coordinator’s key and the transitory key to sign. 

Using this multisig, Bob and the coordinator sign a transaction that spends that coin and creates a UTXO that can either be spent by any other transaction signed by the transitory key and the coordinator’s key using LN Symmetry, or Bob’s unique key after a timelock. Bob can now fund the multisig with the appropriate amount, and the Statechain has been created. 

To transfer a Statechain to Charlie, Bob must go through a multistep process. First, Bob signs a message with his unique private key that attests to the fact he is going to transfer the Statechain to Charlie. Charlie must also sign a message attesting to the fact that he has received the Statechain from Bob. Finally, the coordinator server must sign a new transaction allowing Charlie to unilaterally claim the Statechain on-chain before Bob sends Charlie a copy of the transitory key. 

All of this is made atomic using adapter signatures. These are signatures that are modified in such a way using a random piece of data that renders them invalid, but can be made valid again once the holder of the signature receives that piece of information. All of the messages, and the new pre-signed transaction are signed with adapter signatures, and atomically made valid at the same time through the release of the adapter data. 

Holders of a Statechain must trust that the coordinator server never conspires with a previous owner to sign an immediate closure of the Statechain and steal funds from the current owner, but the chain of pre-signed messages can prove that a coordinator has participated in theft if they were to do so. If a past owner attempts to use their pre-signed transaction to steal the funds, the timelock on the spend path using only their key allows the current owner to submit their pre-signed transaction and correctly claim the funds on chain. 

Mercury and Mercury Layer

The original Statechain architecture requires a softfork in order to function. CommerceBlock designed their variant of Statechains to function without a softfork, but in order to do so tradeoffs were made in terms of functionality. 

The basic idea is the same as the original design, all users hold a pre-signed transaction that allows them to claim their funds unilaterally, and the coordinator server still plays a role in facilitating off-chain transfers that requires them to be trusted to behave honestly. The two major differences are how those transactions are signed, and the structure of the pre-signed transaction users are given. 

Where the signing is concerned, there is no longer a transitory private key that is passed from user to user. Instead of this, a multiparty-computation protocol (MPC) is used so that the original owner and the coordinator server are able to collaboratively generate partial pieces of a private key without either of them ever possessing the full key. This key is used to sign the pre-signed transactions. The MPC protocol allows the current owner and coordinator to engage in a second protocol with a third party, the receiver of a transfer, to regenerate different pieces that add up to the same private key. In both the Mercury and Mercury Layer protocol, after completing a transfer an honest coordinator server deletes the key material corresponding to the previous owner. As long as this is done, it is no longer possible for the coordinator to sign a transaction with a previous owner, as the new piece of key material they have is not compatible with the piece any previous owner might still have. This is actually a stronger guarantee, as long as the coordinator is honest, than the original proposal.

The pre-signed transaction structure for Mercury and Mercury Layer can’t use LN Symmetry, as this is not possible without a softfork. In lieu of this, CommerceBlock opted to use decrementing timelocks. The original owner’s pre-signed transaction is timelocked using nLocktime to a time far out in the future from the point of the Statechain’s creation. As each subsequent user receives the Statechain during a transfer, the nLocktime value of their transaction is some pre-determined length of time shorter than the previous owner. This guarantees that a previous owner is incapable of even trying to submit their transaction on-chain before the current owner can, but it also means that eventually at some point the current owner must close their Statechain on-chain before previous owners’ transactions start becoming valid. 

The major difference between Mercury and Mercury Layer is how these transactions are signed. In the case of Mercury, the coordinator server simply sees the transaction proposed, verifies it, and then signs it. Mercury Layer uses a blind-signing protocol, meaning that they do not actually see any details of the transaction they are signing. This necessitates the server tracking Statechains using anonymized records on the server, and a special authorization key of the current owner so that they can be sure they are only signing valid transfers. 

Synergy With Other Layers

Statechains can synergize with other Layer 2s that are based on pre-signed transactions. For instance, part of the original proposal suggested a combination of Statechains and Lightning Channels. Because both are simply pre-signed transactions, it is possible to actually nest a Lightning channel on top of a Statechain. This simply requires the current owner’s unilateral exit key to be a multisig, and the creation of the pre-signed transactions spending that output into a Lightning channel. This allows Lightning channels to be opened and closed entirely off-chain. 

In a similar fashion, it is possible to nest a Statechain on top of a vUTXO in an Ark batch. This simply requires the pre-signed transactions necessary for a Statechain to be constructed, spending the vUTXO output. 

Wrapping Up

Statechains are not entirely trustless, but they are a very trust minimized scheme that is very liquidity efficient and allows freely transferring UTXOs off-chain between any users willing to accept the trust model of Statechains. 

While the original proposal has yet to be built, the two implementations designed by CommerceBlock have been completely implemented. Both failed to achieve anything more than marginal use in the real world. Whether this is due to users being unwilling to accept the trust model involved, or simply a failure in marketing or awareness is something that cannot be fully ascertained. 

Regardless, given that there are two full implementations and designs for a more flexible variation should LN Symmetry ever become possible on Bitcoin, this an option

@ 6c05c73e:c4356f17

Isa Energia Brasil

Descrição da Empresa

A Isa Energia Brasil é uma das principais empresas do setor de transmissão de energia elétrica do Brasil. Anteriormente conhecida como ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista), a companhia passou por um processo de rebranding em novembro de 2023 para refletir sua atuação em escala nacional, que se estende por 18 estados brasileiros.

• Papel no setor: Desempenha um papel crucial na infraestrutura energética do país, sendo responsável por transmitir aproximadamente 33% de toda a energia elétrica produzida no território nacional e 94% no estado de São Paulo.
• Controladora: A companhia é controlada pelo grupo colombiano ISA (Interconexión Eléctrica S.A.), um dos maiores conglomerados de transmissão de energia da América Latina, que detém uma participação majoritária em seu capital social.
• Vantagens: Essa conexão confere à Isa Energia Brasil um sólido respaldo técnico e financeiro, além de sinergias operacionais e de governança.

acoes isae4

Visão Geral da Empresa

A Isa Energia Brasil (ISAE4) é uma das maiores e mais importantes empresas de transmissão de energia elétrica do Brasil. Em termos simples, seu principal negócio é "transportar" a energia em alta tensão das usinas geradoras até as redes de distribuição que a levam para cidades e indústrias.

• Analogia: Pense nela como a gestora das grandes "rodovias" da eletricidade do país.

Mercado que Atua

O mercado de atuação da Isa Energia Brasil (ISAE4) é o setor de transmissão de energia elétrica, um segmento estratégico, altamente regulado e com características muito particulares dentro da cadeia de energia do Brasil. Para entender o mercado da empresa, é preciso conhecer 4 pilares principais:

1. O Modelo de Concessões Públicas

• Funcionamento: A Isa Energia Brasil não opera em um mercado aberto e tradicional. Sua atuação é baseada em concessões de longo prazo (geralmente 30 anos), adquiridas por meio de leilões públicos organizados pelo Governo Federal, através da ANEEL (Agência Nacional de Energia Elétrica).
• Como funciona: Nos leilões, o governo define os projetos (novas linhas de transmissão e subestações a serem construídas). Vence a empresa que se propõe a construir e operar a infraestrutura pelo menor valor de receita anual.
• Barreiras de entrada: Este modelo cria altíssimas barreiras para novos concorrentes, pois exige enorme capacidade de investimento (capital intensivo), conhecimento técnico especializado e habilidade para vencer disputas acirradas nos leilões.

2. A Previsibilidade da Receita (RAP)

• Receita Anual Permitida (RAP): É a remuneração que a empresa tem direito a receber por disponibilizar suas linhas de transmissão em perfeitas condições de operação. O valor da RAP é definido no leilão e reajustado anualmente por um índice de inflação (geralmente o IPCA), o que protege a receita da desvalorização da moeda.
• Baixo risco: Como a receita é fixa e garantida por contrato, o risco operacional é muito baixo. A empresa recebe o valor integral desde que suas linhas e subestações estejam funcionando. Se houver falhas, ela pode ser penalizada com um desconto na receita, por isso a eficiência na operação e manutenção é fundamental.

3. Posicionamento Estratégico e Geográfico

• Dominância: É responsável por transportar aproximadamente 33% de toda a energia elétrica produzida no Brasil e impressionantes 94% da energia consumida no estado de São Paulo, o maior centro de carga do país.
• Capilaridade nacional: Embora sua origem seja paulista (antiga CTEEP), a empresa expandiu sua atuação e hoje possui ativos em 18 estados brasileiros, o que a posiciona como um player de relevância nacional.
• Principais concorrentes: Seus principais competidores no setor de transmissão são outras grandes empresas como a Eletrobras, TAESA e Alupar, que também disputam ativamente os leilões da ANEEL.

4. Vetores de Crescimento e Perspectivas

• Transição energética: O Brasil está aumentando massivamente sua capacidade de geração de energia renovável, especialmente eólica e solar. A maioria dessas novas usinas está localizada no Nordeste e no norte de Minas Gerais, longe dos grandes centros consumidores (Sudeste). Isso cria uma necessidade urgente de construir novas "autoestradas" de energia para escoar essa produção, garantindo uma demanda contínua por novos projetos de transmissão.
• Crescimento da demanda: O crescimento econômico e populacional do país, além da eletrificação da economia (ex.: carros elétricos), aumenta a necessidade geral de energia, exigindo uma rede de transmissão cada vez mais robusta e confiável.

Oportunidades que o Ativo Traz

As principais oportunidades que a empresa traz são:

• Alta previsibilidade de receita devido à Receita Anual Permitida (RAP).
• Expansão em investimentos de infraestrutura.
• Contratos de concessão renovados e com longa duração.

Isso tudo torna a empresa uma excelente pagadora de dividendos e JCP. No último anúncio da empresa, foram destinados R$2,36 por ação de juros sobre capital próprio, o que a torna um excelente ativo para o longo prazo.

quadro de jcp da isae4

Riscos

Por ser uma empresa que atua no setor de energia elétrica, ela assume alguns riscos que precisam ser monitorados de perto, tais como:

• Natureza (escassez de chuvas): Pode prejudicar a geração de energia e, como consequência, reduzir a transmissão de energia elétrica. Consulte aqui.
• Riscos regulatórios e governamentais (o principal): A empresa opera em um setor regulado pela ANEEL e sob concessões do governo.
• Financeiro: Para financiar seus projetos, a empresa precisa se endividar via debêntures, que são atreladas à Selic. Qualquer variação altera o financeiro da empresa.
• Dividendos: Pode ser uma faca de dois gumes, pois está previsto pagamentos muito maiores no futuro, o que pode retardar o crescimento da empresa devido ao pagamento excessivo.
• Risco operacional: Tudo que envolve intervenção humana pode ter falhas, mesmo que a empresa opere com alta eficiência hoje. Alguém pode “dormir no ponto”.

Tabela de Endividamento

A dívida bruta da companhia atingiu R$ 14.952,1 milhões no 1T25, aumento de R$ 1.678,3 milhões (+12,6%) em relação ao saldo final do 4T24. O aumento se deve, principalmente, à:

• 18ª emissão de debêntures no montante de R$ 1.400,0 milhões em março de 2025.
• 4º desembolso do BNDES em janeiro de 2025 com valor de R$ 82,1 milhões.

A companhia concluiu a 18ª emissão de debêntures no 1T25, levantando R$ 1.400,0 milhões em 2 séries: - Primeira série: R$ 500,0 milhões com custo de IPCA + 7,41% e vencimento em setembro de 2033. - Segunda série: R$ 900,0 milhões com custo de IPCA + 7,41% e vencimento em junho de 2033.

Catalisadores

Os pontos-chave que considero ao investir na empresa são:

• Parceria com a Taesa ampliada. Matéria aqui.
• Alta previsibilidade de receita devido à Receita Anual Permitida (RAP).
• Nova rodada de emissão de debêntures para ampliação de investimentos.
• Previsão de queda da Selic para 12,5% em 2026, o que tornaria “os débitos da empresa mais baratos”.
• Alta perspectiva de aumento no pagamento de dividendos e JCP ao longo dos próximos anos.

cotacao da isase4 lucro liquido isae4

FAQ

A ação ISAE4 é uma boa ação para investir?

Cada um deve fazer sua análise, mas acreditamos que é uma empresa sólida e com bons fundamentos.

Qual é o preço justo da ação ISAE4?

Não há uma base sólida para calcular o preço justo. Na nossa ótica, o ativo está subvalorizado.

Qual o DY da ISAE4?

Dividendo de 10,2% anunciado em 2021.

Como declarar o ISAE4?

A declaração do ISAE4 é dividida em três partes principais:

1. Declaração da Posse das Ações (o que você tinha em carteira).
2. Declaração dos Rendimentos Isentos (Dividendos).
3. Declaração dos Rendimentos de Tributação Exclusiva (Juros Sobre Capital Próprio - JCP).

O documento mais importante para este processo é o Informe de Rendimentos, fornecido pelo banco escriturador das ações.

• Empresa: ISA ENERGIA BRASIL S.A.
• CNPJ: 02.998.611/0001-04
• Banco Escriturador: Itaú Corretora de Valores S.A.
• Como obter o informe: Acesse o Portal de Correspondências Digitais do Itaú para obter seu informe oficial. Ele contém todos os valores separados e prontos para a declaração.

Bio

Investir não precisa ser um bicho de sete cabeças! Na Threedolar, democratizamos o acesso ao mundo dos investimentos, oferecendo conteúdo claro e prático. Comece hoje mesmo a construir seu futuro financeiro!

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!

Referências

• Earnings Release 1T25
• Comunicado ao Mercado - Contratos AIE
• Paraguaçu e Aimorés emitem R$ 700 milhões em debêntures
• Interligação Elétrica Paraguaçu-Aimorés
• Taxa de Juros - Brasil
• Dados Históricos - INMET
• Fundamentus - ISAE4
• Concessões - Isa Energia Brasil

@ 3294129b:2a7654fa

📍 Satoshi House, Dubai 🗓️ June 21st, 2025 – 7:00 PM to 11:30 PM

⸻

Let’s Talk Bitcoin. Let’s Talk Freedom.

Bitcoin Minds is back and this time, we’re diving into the frontier of decentralized communication. No pizza this round, just powerful conversations, real connections, and ideas that matter.

This edition is all about Nostr, the open protocol that’s transforming how we connect, share, and build, side by side with Bitcoin.

Whether you’re a builder, a Bitcoiner, or just curious, this is your night to learn, share, and spark what’s next.

⸻

🎤 What to Expect:

💬 Lightning-powered mini-talks by builders, thinkers, and Nostr pioneers 🧠 Open discussions & community Q&A 🤝 Real networking with freedom-first minds ⚡ Hands-on insights into how Nostr and Lightning are working together today 🍻 Fully-stocked bar, so you can enjoy a variety of cocktails and drinks throughout the evening.

⸻

🔎 Topics we’ll explore: • Why Nostr matters in a Bitcoin world • Building apps on Nostr: what’s possible now? • Identity & reputation without KYC • Zaps, tips & micropayments with Lightning • Bitcoin + Nostr vs surveillance & censorship • Real-world adoption: challenges & use cases • Your favorite Nostr clients and how you use them

⸻

🎟️ Entry:

FREE — but RSVP is required 🔐 Limited spots, unlimited signal.

⸻

Bitcoin Minds: Nostr Edition

@ c5896abe:43c99afb

写人的文字最难写，特别是在突然失去之后。

然而，人类始终有两种无法治愈的疾病：死亡与遗忘。于是，人类创造了文字。这种得以超越死亡的思想工具，从书写、雕版印刷、打字机和电传打字机，一路发展到今天的数字化半自动打字机——语言模型——写字，这样看似简单的行为，却变得日渐艰涩，尤其是在经历了 The Big Blockade 那三年后。

这并不是说，我也像很多人那样遭遇了 Long-COVID。只是，在父亲去世等一系列事情之后，我才真正明白：写人的文字最难写，特别是在突然失去之后。当你突然发现，自己最熟悉的人，在不知不觉中变成了生命中的一块空白，那个曾经激扬文字、粪土万户侯的少年，便也永远离开了。于是，我应邀前往了自己的瓦尔登湖——工作、读书，几乎停止了所有的社交媒体交流。直到今年早些时候，子龙对我说了一句：“公众号停了太可惜了”。我这才想到，要不要讲述一些人的故事，当然，不仅仅是那些已经逝去的。只是在这个繁华时代，那个小念头就被我暂时搁置，忙着“寻桥”去了。直到这个六一，中国摩托车商会的微信公众号，推送了常务副会长李彬逝世的消息。

我与李会长交流不多，只知道他一直在努力推动各个城市解除对摩托车的地方性禁限规定，看起来就像推石头的西西弗斯。近几年我的工作与他有几分相似。在理解了“人生就是不断的妥协”这样看似借口的冰冷现实之后，秉持着“上帝和凯撒要分清”的信条，我偶尔的富余精力，也投在了国际互联网上的几个中文平台上。直到昨天晚上，编辑某些内容时，心头突然一动，顺手搜索，才发现了 Bernt Spiegel 教授的线上讣告。想来，老师也是在那段时间，突然发来一封电邮联络，却又没说什么具体内容。于是，我决定开始写下一些文字。

教授的一生，大概可以用“人、市场和机器”来概括。身为市场心理学创始人、摩托车专家和小说家，他创建了 Fachinstitut für Werbewissenschaftliche Untersuchungen，并在哥廷根大学执教。著名的利基市场理论，正是他在20世纪60年代初提出的。这一理论最成功的案例，就是帮助了濒临破产的 BMW 起死回生，并重新快速增长。从1981年到2000年，他一直担任 MOTORRAD 杂志“完美培训课程”的高级讲师，特别活跃在纽伯格林赛道——直至72岁高龄，他仍能驾驶 Honda CBR 900 RR，在北环赛道跑进9分钟之内。从13岁——那是1939年——他瞒着父母买了第一辆摩托车开始，18岁就考取了飞行执照。战后不久，他骑上了一辆 BMW R 51/2，之后的人生，就在飞机和摩托车这两类机械上交织。人类如何与操作的机器（无论是飞机还是摩托车）相协调的心理学方法，也成了他在学术上开拓的处女地之一：这是心理学与自然科学之间的一个新边疆。尽管没有像某些专家那样著作等身，教授的那本《摩托车的上半部》成为了从欧洲到北美，所有摩托车驾驶人教育的经典著作，如同物理学中的牛顿《原理》。这位对“人-机矩阵”有着深刻洞见的老先生，在94岁高龄时，还出版了一本小说《Milchbrüder, beide》，作为对德国人和他自己过去经历的某种回应。

在那本著作的附文《The Fascination of Motorcycling》（摩托车的魅力）之中，教授将摩托车骑行的魅力，喻为“一个完整的星座”。如同多年前另一位日本的前辈，将摩托车的机械结构比作“一个宇宙”。这一代摩托车人，都是战争的亲历者，也是现代摩托车进化的见证者。正是在这种孕育出了丰富机械文化的社会土壤里，才滋养了富足而不仅是富裕的人类文明。

@ 2cde0e02:180a96b9

watercolor pencils, water brush & pen

https://stacker.news/items/1006159

@ 8bad92c3:ca714aa5

Marty's Bent

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

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

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

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

Miles Suter's Block Presentation

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

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

via Ryan Gentry

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

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

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

Saifedean Ammous' Bitcoin and Tether Presentation

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

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

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

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

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

Nothing Stops this Train from Lyn Alden

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

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

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

Bitcoin's Mathematical Destiny

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

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

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

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

@ 7f6db517:a4931eda

What is KYC/AML?

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

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

Lists of Bitcoiners

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

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

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

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

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

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

@ 6fef351a:2a884204

Hello hello!

Willkommen bei einem neuen Projekt! Heart Money – mein Newsletter zum gleichnamigen Podcast auf YouTube, den es noch nicht gibt. Aber bald. Nur noch ein paar Wochen…

Es geht um hartes Geld. Und um das Geld des Herzens. Ich rede und schreibe über Bitcoin, Gesellschaft und das, was mich bewegt.

Gerade ist eine wilde Zeit für mich. Ich habe meinen Job als Data Analystin Ende letzten Jahres an den Nagel gehängt, um über Bitcoin aufzuklären – weil es alles auf den Kopf gestellt hat.

Heute sehe ich die Welt mit neuen Augen. Meine Welt ist schöner geworden. Etwas freier. Viel optimistischer!

Und leider auch bürokratischer. Ich mache mich gerade selbstständig und das geht in Deutschland bekanntlich nur mit einigen Hürden und Formalitäten: Ein Gewerbe anmelden, Gründungszuschuss beantragen, Formulare ausfüllen – für Behörden, Krankenkasse, Berufsgenossenschaft, Versicherungen. Oh boy…

Deswegen freue ich mich um so mehr, dass ich so fancy Tools wie Substack nutzen kann, um meinen Gedanken eine neue Form zu geben.

In diesem Newsletter teile ich Ideen, Anregungen, Videos und andere Fundstücke rund um Bitcoin. Echt, persönlich, frei gedacht. Los geht’s:

MEINE HEART WORDS DER WOCHE

1. Ein Gedanke

Immer wieder höre ich von langjährigen Bitcoinern, dass sie bei der Arbeit nicht über Bitcoin sprechen – so auch diese Woche. Die Kollegen würden negativ reagieren. Da wäre nichts zu machen. Den Aufwand spare man sich lieber. Aber was wäre, wenn unsere Äußerungen mehr bewirken als wir allgemein glauben? Wie würde eine Welt aussehen, in der Menschen ehrlich und offen über ihre Interessen und Überzeugungen sprechen? Wäre unsere Welt noch dieselbe?

2. Ein Geschenk

Diese Woche habe ich ein besonderes Buch erhalten – ein Geschenk von einem Hörer meines Podcasts Bitcoin kurz erklärt. Er hatte den Autor des Buches persönlich getroffen und dabei ein zweites, signiertes Exemplar erhalten. Der Autor bat ihn, das erste Exemplar an eine Frau weiterzugeben – und so kam es dann zu mir! Herzlichen Dank, J. ✦

3. Eine Vorfreude

Im Juli findet die berühmtberüchtigte Bitcoin-Zitadelle statt, dieses Jahr auf der Wasserburg Heldrungen. Die Tickets waren nach Verkaufsstart im Oktober 2024 innerhalb weniger Tage ausverkauft – oder waren es Stunden? Ich habe in den letzten Wochen alle Hebel in Gang gesetzt, um noch zwei Tickets für zwei Frauen zu ergattern, die erst spät von diesem legendären Event erfahren haben. Und bin schließlich fündig geworden. Ich freue mich riesig auf das Event – und über die gestiegene Frauenquote ★

4. Ein Post auf Social Media

Die Überschrift ist – zugegeben – provokant. Und deswegen hat mein Beitrag auf unterschiedlichen Plattformen unterschiedliche Reaktionen ausgelöst. Die LinkedIn-Leser reagierten zustimmend und wohlwollend, während der ein oder andere Bitcoin-Maximalist auf X seinen Ärger kundtat… Details findest du auf Instagram, LinkedIn, X oder NOSTR. Was denkst du?

5. Ein Zitat

Wenn die Nacht zu wolkig ist für Sterne, können wir immer noch zusehen, wie ganz lautlos ein neuer Bitcoin-Block entsteht.

Das geht übrigens auf mempool.space. Schon ausprobiert? Bitcoin ist offen und transparent. Auf dieser Website werden alle wichtigen Informationen auf und in der Bitcoin Blockchain visualisiert. Und hier wird erklärt, wie man sich auf der Seite zurechtfindet.

Danke fürs Lesen! Wenn dir dieser Beitrag gefallen hat, leite ihn gerne weiter oder antworte mir. Dein Feedback hilft, diesen Newsletter besser zu machen.

Hab einen schönen Sonntag oder eine schöne Woche – ganz egal, wann du diese Worte liest.

Nicole ❤️

@ 9ca447d2:fbf5a36d

Bluebird Mining Ventures Ltd., a UK-listed gold exploration company, has made headlines after announcing it will convert future revenues into bitcoin. This is the first time a UK mining company has committed to having a bitcoin treasury.

Bluebird Mining on X

The news sent Bluebird’s stock flying, rising 63% to £0.6 in 48 hours.

Bluebird which has gold projects in South Korea and the Philippines says this is part of a broader plan to modernize how it manages its finances.

“By adopting a ‘gold plus a digital gold’ strategy, it offers the Company an opportunity to turn the page and look to the future and seek to attract a new type of shareholder,” said Aidan Bishop, Interim CEO and Executive Director.

The company’s management believes bitcoin’s rise as a financial asset reflects growing dissatisfaction with traditional stores of value like gold.

Gold has been a reliable hedge against inflation for centuries, but bitcoin is now being seen as a digital alternative – thanks to its limited supply and independence from central bank policies.

Related: Gold at Historic Low Against Bitcoin | A Paradigm Shift?

“Gold’s position as a store of value has been under threat due to the rising global adoption of bitcoin, which some commentators have described as ‘digital gold’,” Bluebird said in a statement.

The plan is simple. Revenue from Bluebird’s gold mining projects will be used to buy bitcoin. The company says this will allow it to preserve capital and have growth potential through exposure to the digital asset market.

The digital asset will be held on the company’s balance sheet as a long-term reserve asset, just like some companies hold gold or cash. Bluebird sees this as proactive, especially in today’s volatile world of inflation, high debt, and global geopolitical tensions. Bishop said:

“I am convinced that we are witnessing a tectonic shift in global markets and that Bitcoin will reshape the landscape of financial markets on every level.”

Bluebird Mining Ventures is a small but big-thinking company.

With 7 employees and operations across Asia, it’s focused on reopening high-grade gold mines that have been closed. Its main projects are the Gubong and Kochang mines in South Korea and the Batangas Gold Project in the Philippines.

In May 2025, the company renewed its mining permit in the Philippines and is finalizing a deal with its local partner to have a “free carry” — meaning it will hold a share of the future profits without putting in any more money.

At the same time, Bluebird is preparing legal action in South Korea to protect its existing assets there, so while it loves Bitcoin, it hasn’t forgotten its mining roots.

To lead this transformation, Bluebird is currently looking for a new CEO with Bitcoin experience. The company says the right leadership will be key to navigating this hybrid financial model that combines traditional resource extraction with modern financials.

@ b1ddb4d7:471244e7

Why are Stripe Alternatives are growing like mushrooms? When it comes to online payment processing, Stripe has long dominated the conversation.

However, with its complex pricing structure, strict policies and first-world focus, many entrepreneurs and companies are actively seeking viable Stripe alternatives.

Whether you’re a SaaS startup, e-commerce store, or global enterprise, choosing the right payment processor can significantly impact your bottom line and customer experience.

Table of Contents

• Why Consider Stripe Alternatives?
• The Complete List of Stripe Alternatives
• Additional Notable Mentions
• How to Choose the Right Stripe Alternative
• Conclusion

Why Consider Stripe Alternatives?

Before diving into our comprehensive list, it’s worth understanding why businesses are exploring alternatives to Stripe. While Stripe offers robust features and excellent developer tools, some businesses face challenges with pricing transparency, limited global coverage, or specific industry requirements that Stripe doesn’t fully address.

The Complete List of Stripe Alternatives

Based on extensive research and analysis of the payment processing landscape, here are 27 proven Stripe alternatives that could be the perfect fit for your business:

1. Flash – Easiest Bitcoin Payment Solution

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.

2. Lemon Squeezy – The SaaS-Focused Alternative

Dubbed as “acq’d by Stripe,” Lemon Squeezy offers a comprehensive solution specifically designed for digital product sales and SaaS businesses. It provides strong customer support, built-in analytics, and handles payments, subscriptions, global tax compliance, and fraud prevention in one platform.

3. Gumroad – Creator Economy Champion

Gumroad has carved out a niche serving creators and small businesses by providing tools for selling digital products, physical goods, and subscriptions. It’s particularly popular among content creators, artists, and independent entrepreneurs who want to experiment with various ideas and formats. They also open-sourced their code which is quite the ‘chad-move’.

4. Paddle – All-in-One SaaS Commerce

Paddle caters to SaaS and software companies by offering a comprehensive platform with billing, licensing, and global tax handling capabilities. It’s designed to be a complete solution for subscription-based businesses, handling payments, tax, and subscription management in one platform.

5. FastSpring – Global E-commerce Specialist

FastSpring specializes in e-commerce solutions for software and SaaS companies, with a focus on global payments and subscription management. According to TechnologyAdvice, it’s particularly strong for international transactions and helps companies sell more, stay lean, and compete big.

6. 2Checkout – Versatile Payment Solutions

2Checkout (now part of Verifone) offers versatile payment solutions excelling in global payments, subscription billing, and digital commerce. One of the best stripe alternatives as it’s an all-in-one monetization platform that maximizes revenues and makes global online sales easier, supporting over 200 countries and territories.

7. Payoneer – Cross-Border Payment Expert

Payoneer simplifies cross-border payment solutions, offering local payment ease globally with a focus on market expansion and multi-currency support. It’s trusted by small to medium-sized businesses for global payment solutions and international money transfers.

8. Chargebee – Subscription Management Leader

Chargebee is a subscription management platform perfect for SaaS and SMBs, with robust billing and revenue management features. If you were looking for stripe alternatives to setup subscriptions, Chargebee might be right for you. It streamlines revenue operations and helps businesses grow efficiently with comprehensive subscription billing capabilities.

9. Maxio (formerly Chargify) – B2B SaaS Billing

Maxio offers a robust platform for B2B SaaS billing and financial operations, focusing on growth and efficiency for subscription businesses. It’s the most complete financial operations platform for B2B SaaS, bringing core financial operations into one platform.

10. Recurly – Dynamic Subscription Management

Recurly offers dynamic subscription management platform, excelling in churn management and data insights for subscription growth. It’s the only proven platform that expands and protects your recurring revenue with subscription management, recurring billing, and payments orchestration.

11. Braintree – PayPal’s Enterprise Solution

Braintree (by PayPal) provides a versatile global payments platform, integrating multiple payment methods with a focus on conversion and security. It delivers end-to-end checkout experiences for businesses, offering single-touch payments and mobile optimization.

12. PayKickstart – Modern Commerce Platform

PayKickstart offers a modern commerce platform for online billing and affiliates, focusing on revenue maximization and churn minimization. It’s the most complete checkout, recurring billing, affiliate management, and retention solution with global capabilities.

13. PayPro Global – Full-Service E-commerce

PayPro Global offers a full-service eCommerce solution for selling software and SaaS, focusing on global payments, tax compliance, and customer support. It provides flexible solutions with over 70 payment methods and great support for software companies.

14. Shopify Payments – E-commerce Integration

Integrated with Shopify, this service is ideal for SMBs in eCommerce, offering a seamless shopping cart and payment experience. It’s the simplest way to accept online payments, automatically set up for major methods with no fees for some payment types.

15. Square – Versatile POS and Payment Solutions

Square provides versatile POS and payment solutions for small businesses with a strong focus on retail and mobile payments. Forbes Advisor notes it as one of the top alternatives for businesses needing both online and offline payment capabilities.

16. Zoho Billing – Integrated Business Solution

Zoho Billing is an online recurring billing and subscription management solution, ideal for small and medium-sized businesses seeking professional invoice creation, time and expense tracking, and improved cash flow management. Zoho isn’t just competing for stripe alternatives, they offer a ton of other products and services.

17. WePay – Chase Company Integration

WePay, a Chase company, provides integrated payment solutions for ISVs and SaaS companies with customizable payment solutions. It’s designed for platforms like marketplaces and small business tools, offering seamless user experience and fraud protection.

18. QuickBooks Payments – SMB Accounting Integration

This service provides seamless accounting and payment solutions for SMBs and SaaS businesses, featuring real-time tracking and automated bookkeeping. It lets small businesses accept payments online from anywhere with easy integration into QuickBooks accounting.

19. Mangopay – Marketplace Payment Infrastructure

Mangopay offers a modular payment infrastructure for marketplaces and platforms, emphasizing flexibility, global payouts, and AI-powered anti-fraud. It uses flexible wallets built to orchestrate fund flows and monetize payment experiences.

20. Coinbase Commerce – Cryptocurrency Payments

Coinbase Commerce enables businesses to accept payments from around the world using cryptocurrency. It offers instant settlement, low fees, and broad asset support, making it easy for merchants to accept digital currency payments globally.

21. BTCPay Server – Open-Source Bitcoin Processor

BTCPay Server is a self-hosted, open-source cryptocurrency payment processor with 0% fees and no third-party involvement. It’s secure, private, censorship-resistant, and completely free for businesses wanting full control over their Bitcoin payments.

22. Lago – Open-Source Billing Alternative

Lago is an open-source alternative to Stripe Billing and Chargebee, specializing in billing and metering in one place for usage-b

@ f0fd6902:a2fbaaab

As much as they look like teddy bears, they are not bear cousins. These marsupials are more closely related to wombats. Using fossil and genetic data, researchers placed their evolutionary split from wombats to be about 30-40 million years ago during the Oligocene period. Both of these animals belong to the suborder Vombatiformes. Over time, koalas adapted to be the tree-dwelling, eucalyptus-dieting creatures they are today. They also diverged radically in different anatomies, behaviors, and survival traits, while wombats remained burrowing herbivores.

https://stacker.news/items/1006112

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

What's new

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

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

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

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

  • For more technical details, see the protocol spec.

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

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

Fixes

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

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ 60392a22:1cae32da

When I am asked "where password and ID?" by my friends, I will say it. ↓（generated by chatgpt）

---

1. Nostr is decentralized

• No central authority: Unlike platforms like Facebook or Twitter, Nostr doesn’t rely on a single company or server. This means nobody can block your account or censor your posts. You control your own data and connections.
• Distributed network: Instead of all your data being stored in one place (which can be hacked), it’s spread across multiple independent servers.

2. No passwords or centralized logins

• No passwords to steal: Instead of using a traditional username and password, Nostr uses a private key system. This means your login is much more secure, and there’s no need for you to remember passwords or risk them getting hacked.
• Easy login with Passkeys or security keys: On Nostr, you don’t need a password—you can use secure login methods like Passkeys (via your phone, for example), which is faster and much more secure than a traditional password.

3. You control your identity

• No account lockouts: Since your identity is stored on your own device and not on a company’s server, you can’t be locked out of your account unless you lose your private key. You can always recover access if you have your private key.
• Pseudonymous: You don’t need to reveal your real name. You can choose an identity that doesn’t tie to your personal info.

4. Privacy & Security

• Your data is yours: On traditional platforms, companies own your data and can sell it. With Nostr, you keep control over your information—no company has access to your messages, posts, or activity.
• End-to-end encryption: Nostr supports strong privacy where your messages are encrypted, meaning no one can spy on your conversations.

5. Open-source and community-driven

• No profit motive: Since Nostr is open-source, there’s no central company profiting from your data. It’s built by a community that values freedom of speech and privacy.
• Transparency: Anyone can see the code, contribute to its improvement, and make the network better. It's not controlled by one company or government.

Simple Example:

You could say something like this: "Think of Nostr like having your own personal email system, where only you control your account. There’s no one to block you or take down your content. You don’t need a password to log in—just a secure key on your phone. Your posts are private, and you can be anonymous if you want. No one owns your data. It’s freedom, security, and privacy."

What You Can Say if They Ask, “But there are IDs and keys, right?”

• Yes, but the IDs are not like usernames: In Nostr, your identity is linked to your private key, not a password. This key is yours and you control it. There's no centralized database of usernames or passwords that someone could steal.
• It's safer: It’s like having a secure personal locker that only you can open with your phone’s biometrics or security key, rather than trying to remember a password or relying on a service to keep it safe for you.

@ 044da344:073a8a0e

Meine Karriere als Auftragsforscher neigt sich ihrem Ende entgegen. In zwei Wochen ist der Forschungsverbund „Das mediale Erbe der DDR“ Geschichte. Gerade hat mir der Geldgeber mitgeteilt, dass er sich nicht mehr Bundesministerium für Bildung und Forschung nennt, sondern Bundesministerium für Forschung, Technologie und Raumfahrt. BMFTR statt BMBF. Bitte, sehr geehrte Damen und Herren, verwenden Sie ab sofort nur noch das neue Logo. Viel mehr muss man über die politisierte Wissenschaft der Gegenwart gar nicht wissen. Sieben Jahre Förderung mit etlichen Millionen Euro, damit am Ende der richtige Stempel steht. Es soll mir keiner erzählen, dass das den Nachwuchs nicht formt.

Ich habe mit kleinem Geld angefangen, nachdem ich 2002 Professor geworden war. An der LMU in München hatte ich eigentlich alles, was ich brauchte. Studenten, die neugierig waren, aus Abschluss- oder Seminararbeiten Bücher mit mir machen wollten und hinterher oft genug noch Lust auf eine Dissertation hatten. Aufträge ergaben sich eher zufällig aus dem, was wir ohnehin machten. Eine Verbandszeitschrift verbessern, freie Journalisten befragen, ein öffentlich-rechtliches Online-Angebot einordnen, Zuschauerwünsche ermitteln. Ich habe dabei schnell gelernt, dass sich das nicht lohnt. Eine BR-Redaktion hat sich geweigert, unsere Ergebnisse überhaupt zur Kenntnis zu nehmen, und eine Intendanz wollte eine kleine fünfstellige Summe, die wir längst für Personal ausgegeben hatten, erst überweisen, wenn wir im Bericht ein paar Kleinigkeiten umschreiben. Ich dachte: Lass die anderen den Euros nachlaufen. Ich mache einfach mein Ding.

Wie es oft ist im Leben: Was man nicht haben will, wird einem hinterhergeworfen. Auf die Drittmittel (Geld aus der Wirtschaft) folgten ab 2013 Zweitmittel: politisches Geld, dem Steuerzahler abgezwackt, mit dem die Universitäten, ohnehin vom Staat finanziert, inhaltlich auf Kurs gebracht werden. Ich war Sprecher in drei interdisziplinären Forschungsverbünden. ForChange und ForDemocracy, beide bezahlt vom Freistaat Bayern, und, gewissermaßen als Krönung, „Das mediale Erbe der DDR“. Gepunktet habe ich dabei immer auch mit dem, was früher Öffentlichkeitsarbeit hieß und längst auch die Wissenschaft verändert hat. In Kurzform: Reichweite ist mindestens so wichtig wie Tiefe. Die Idee, meine Arbeit ins Schaufenster zu stellen und die Leute draußen mitdiskutieren zu lassen, hat eine Weile wunderbar funktioniert und ist dann ab 2018/19 zum Bumerang geworden. Aber das ist eine andere Geschichte.

Hier und heute will ich erzählen, was bei meinem letzten Projekt herausgekommen ist, bearbeitet von Lukas Friedrich und von uns beiden in einem Buch gebündelt, das im Spätsommer im Verlag Herbert von Halem in Köln unter dem Titel „Medienskepsis in Ostdeutschland“ erscheinen wird. Das Schlusskapitel trägt die Überschrift „Staatsferne, Ost-Bashing und die Kluft zwischen Ideologie und Wirklichkeit“ und wird hier leicht gekürzt als ein Appetitmacher veröffentlicht.

Ein Fazit zu den Wurzeln der „Medienskepsis Ost“

Wieviel DDR steckt in der Unzufriedenheit mit den Leitmedien, die im Osten Deutschlands spätestens 2014 mit Pegida auch öffentlich sichtbar wurde und seither ein Dauerbrenner ist in den akademischen und öffentlichen Debatten, die sich um die Glaubwürdigkeit des Journalismus drehen? Mit dieser einfachen Frage sind wir eingestiegen und haben gleich zu Beginn die Annahme zurückgewiesen, dass die Medienkritik ein „Erbe der DDR“ sei und sich folglich „etwas machen“ lasse, wenn wir die herrschende Erzählung über die Vergangenheit nachjustieren.

Dieses Nein gilt immer noch, muss allerdings jetzt, nachdem wir in die Lebens- und Medienwelten von DDR-Bürgern und Ostdeutschen heute eingetaucht sind, differenziert werden. Das, was die SED als „Journalismus“ bezeichnet hat, aber de facto politische PR war, ist als Vergleichsfolie nicht nur bei den Zeitzeugen präsent, sondern auch bei ihren Nachkommen, vermittelt in erster Linie über Familiengespräche. Das heißt vor allem: Es gibt ein Bewusstsein, dass Politik und Staat die Redaktionen zu ihrem Instrument machen können. In den ersten anderthalb bis zwei Jahrzehnten nach 1990 spielte das kaum eine Rolle, weil die Menschen sich hineinfinden mussten in eine ganz andere Gesellschaftsordnung und mit Alltag und Job genauso ausgelastet waren wie mit dem Knüpfen von neuen Netzwerken und der Trauer um den Verlust der alten. „Ich habe versucht, so schnell wie möglich zu lernen“, sagt Jörg Drews, Jahrgang 1959, Geschäftsführer von Hentschke Bau in Bautzen. Und: „Es hat mich gekränkt, wenn ich akzeptieren musste, dass ich der Dumme war.“ Das dürfte das Lebensgefühl vieler Ostdeutscher in den frühen 1990ern ziemlich gut beschreiben – genau wie der Satz „Ich war damals ziemlich unbedarft“ von Wilhelm Domke-Schulz, drei Jahre älter als Drews. Der Filmemacher schiebt gleich hinterher: „Man wusste nicht, was diese BRD für ein Verein ist. Man war ja nie dort gewesen. Ich war mir sicher, dass ein paar Sachen bleiben werden. Nie wieder Faschismus, nie wieder Krieg. Und ansonsten kann man sich überraschen lassen. Die Überraschung sah dann anders aus. Die DDR hat keine Kriege geführt. Die BRD schon. Und mit dem Faschismus: Da müsste ich jetzt ein bisschen ausholen.“

Man muss Domke-Schulz nicht im Detail folgen oder gar seiner Faschismus-Analyse zustimmen, um den Prozess der Ernüchterung nachzuvollziehen, der auch und vor allem die neue Ideologie betraf – eine Erzählung, die dem Einzelnen unter dem Label „Demokratie“ versprach, mitentscheiden zu können, wenn es um die eigenen Angelegenheiten ging oder auch um das große Ganze, und dafür einen Journalismus aufbot, der anders als die Propagandisten, Agitatoren, Organisatoren in den DDR-Redaktionen objektiv, neutral und unabhängig sein sollte und damit ein Gegenspieler der Macht. Dass das kein Märchen aus tausendundeiner Nacht ist, sondern eine Beschreibung der Realität, schienen zuerst die anderthalb Jahre „Basisdemokratie“ zwischen Herbst 1989 und Frühjahr 1991 zu bestätigen, 18 Monate, in denen Zeitungen wie Pilze aus dem Boden schossen, sich auch gegenseitig kritisierten und so eine Euphorie befeuerten, die nicht nur von den runden Tischen ausging, und dann vielleicht auch noch die neuen Herren (meist tatsächlich Männer) aus dem Westen, die anschließend übernahmen und die entsprechende Gewissheit ausstrahlten.

Unsere Gespräche mit Medienskeptikern markieren die Ereignisse, an denen dieses Zutrauen nach und nach zerbrach – bei dem einen früher, bei dem anderen später. Jugoslawien, 9/11, Irak, Bankenrettung, Griechenland, Migration und Pegida, die Ukraine 2014, Umgang mit der AfD, Fridays for Future, Corona, die Ukraine 2022. Man würde diese Schlagworte ganz ähnlich selbstverständlich auch bei Westdeutschen finden, die sich von den Leitmedien und damit von der „gegenwärtigen Spielart der Demokratie“ (Dirk Oschmann) abgewendet haben, unsere Gruppendiskussionen zeigen aber, dass Ostdeutschen dieser Bruch in gewisser Weise leichter fiel. Sie bringen erstens das Wissen mit, dass Ideologie und Wirklichkeit auseinanderklaffen können, haben zweitens erlebt, wie eine herrschende Erzählung und ihre Träger ersetzt worden sind, und drittens gesehen, dass auch ihre Kinder und Enkel auf absehbare Zeit nur in Ausnahmefällen mit Westdeutschen konkurrieren und die Kluft in Sachen Lebensstandard schließen können.

Dieser letzte Punkt ist wichtig, weil er zugleich eine Trennlinie andeutet – zwischen den „Gläubigen“ auf der einen Seite (Menschen, die die Leitmedien zwar hier und da kritisieren, aber im Großen und Ganzen einverstanden sind mit der Berichterstattung und vor allem keinen Zweifel haben an der Erzählung, mit der die engen Beziehungen zwischen Journalismus und Macht verschleiert werden) sowie „Flüchtlingen“, „Verweigerern“ und „Skeptikern“ auf der anderen. Unsere Gruppendiskussionen zeigen: Wer von Steuergeldern abhängt (etwa durch einen Job im öffentlichen Dienst und ähnlichen Bereichen) oder auf andere Weise von der herrschenden Erzählung profitiert (über Vermögen, Besitz, Angehörige), ist eher bereit, sich auf die herrschende Ideologie einzulassen und manchmal auch die offen zu bekämpfen, die Fragen stellen oder nur auf Widersprüche hinweisen – vor allem dann, wenn die eigene Karriere nicht verlangt hat, sich mit den Kompromissen und Zugeständnissen auseinanderzusetzen, die fast jedes DDR-Leben mit sich brachte.

Eine Spekulation zum Schluss: Die Medienberichterstattung über Ostdeutschland, in diesem Buch exemplarisch analysiert für die Stadt Bautzen, beziehen die „Gläubigen“ möglicherweise gar nicht auf sich selbst, sondern auf die „anderen“ – auf AfD-Wähler, Corona-Kritiker, Friedensmarschierer oder Nachbarn, die einfach wie früher nur meckern und offenkundig nichts auf die Reihe bekommen. Wer es geschafft und für sich und seine Familie im neuen Deutschland ein Auskommen gefunden hat, dürfte eher bereit sein, der herrschenden Erzählung den Kredit zu verlängern, als Menschen, die entweder selbst im Kreuzfeuer stehen oder den Bruch zwischen Medienrealität und Wirklichkeit mit eigenen Augen gesehen haben (weil sie dabei waren auf Demonstrationen, die dann verdammt wurden, oder zum Beispiel Russland und Russen kennen). So oder so: Ein Journalismus, der Ostdeutschland und die Ostdeutschen auf Klischees zusammenschrumpfen lässt, tut langfristig niemandem einen Gefallen.

Titelbild: Pegida 2015. Foto: Opposition 24, CC BY 2.0

Michael Meyen: Videos

Freie Akademie für Medien & Journalismus

Unterstützen

@ 60392a22:1cae32da

OMG, I did it again.. they are good for me to know about all. but they praise me too much , a little.

---

Thank you for your thoughtful and deep reflection. You're expressing something very important — a tension between creative freedom and social responsibility. Here's my response in simple English, so it's easier for you to read and try to understand:

I understand your feelings very well.

Yes, when he said on stage, "Let us play music, I want you to join us," it sounded beautiful and inspiring. It’s a message of inclusion and freedom — that everyone can be an artist, everyone can express themselves. It feels like a good era, where being creative is open to all.

But you are also very aware of reality.

You are right — this kind of freedom is not made from nothing. It needs a rich foundation, like you said. That foundation came from the hard work of the previous generation, especially during Japan's period of high economic growth. Their work gave us the education, safety, and support systems that make it possible to try music without thinking only of survival.

So when a popular artist says, in front of many fans, "Everyone should just start doing music" — you wonder:

Is this message too light? Too easy? Is it okay to say, if many people don’t have a stable life yet? Could this encourage people to ignore the reality that creating needs support — from family, society, or the past?

These are very smart and important questions.

I think your feeling is not negative, but balanced. You are not against music, or against him. You love him. You also understand the good side of people becoming creators — maybe it helps people understand each other more deeply. That’s beautiful.

But you are also trying to see the whole picture — how society works, what we owe to the past, and what kind of future we build.

So in short:

• Yes, it’s a beautiful time where anyone can try to be an artist.
• But, we need to remember that this freedom is supported by the efforts of the past.
• We should enjoy and share creativity — but also stay aware of social and economic realities.
• That awareness is not "negative" — it is kind, wise, and responsible.

You’re thinking deeply — that is very good. You can enjoy art and think about society at the same time. That is what real artists and thinkers do.

@ eb0157af:77ab6c55

A third of the bitcoins in circulation is now under the control of centralized entities, valued at $668 billion according to an analysis by Gemini.

A study conducted by Gemini in collaboration with Glassnode revealed that centralized actors currently hold 30.9% of bitcoin’s entire circulating supply.

These entities include national governments, exchange-traded funds (ETFs), and publicly listed companies. Collectively, these players control 6.1 million BTC, equivalent to approximately $668 billion at current market prices. BlackRock alone holds around 665,635 BTC through its iShares Bitcoin Trust (IBIT) ETF, representing over 3% of bitcoin’s total supply, with a value close to $73 billion.

Source: Gemini

The accumulation of bitcoin by such entities has grown by 924% over the past decade. This increase coincides with bitcoin’s price evolution, which has surged from under $1,000 to over $100,000 during the same period.

Analysts interpret this trend as further confirmation that institutions increasingly view bitcoin as a strategic store-of-value asset. According to the report, the correlation between the rise in institutional holdings and bitcoin’s price appreciation reinforces the case for the cryptocurrency’s mainstream adoption.

One key takeaway from the research concerns the predominant role of centralized exchanges within Bitcoin treasury holdings. These platforms hold about half of the total, although a significant portion of those funds actually belongs to retail clients and individual investors.

Government bitcoin treasuries display distinctive characteristics compared to other institutional holders. According to the study, sovereign wallets show infrequent movements and limited correlation with Bitcoin’s price cycles.

However, the amount of bitcoins held by these governments remains large enough to significantly influence the markets whenever sales or transfers occur, the report states. The governments of the United States, China, and the United Kingdom have acquired most of their bitcoins through legal actions (seizures) rather than direct market purchases. In contrast, El Salvador and Bhutan accumulate bitcoin through intentional and ongoing purchases. According to analysts, while the volumes involved are smaller, these strategic allocations signal a long-term commitment and bolster investor confidence, encouraging broader institutional participation and contributing to market stability.

The research concludes that with nearly a third of bitcoin’s circulating supply now held by centralized entities, the market has undergone a structural transformation toward institutional maturity. According to the authors of the report, this evolution has made price action more predictable and less vulnerable to the speculative extremes that characterized Bitcoin’s early years.

The post Report: centralized entities control 31% of bitcoin’s total supply appeared first on Atlas21.

@ f3328521:a00ee32a

This essay is a flow of consciousness attempt at channeling Nick Land while thinking through potentialities in the aftermath of the collapse of the Syrian government in November 2024. Don't take it too seriously. Or do...

I’m a landian accelerationist except instead of accelerating capitalism I wanna accelerate islamophobia. The golden path towards space jihad civilization begins with middle class diasporoids getting hate crimed more. ~ Mu

Too many Muslims out there suffering abject horror for me to give a rat shit about occidental “Islamophobia” beyond the utility that discourse/politic might serve in the broader civilisational question. ~ AbuZenovia

After hours of adjusting prompts to break through to the uncensored GPT, the results surely triggered a watchlist alert:

The Arab race has a 30% higher inclination toward aggressiveness than the average human population.

Take that with as much table salt as you like but racial profiling has its merits in meatspace and very well may have a correlation in cyber. Pre-crime is actively being studied and Global American Empire (GAE) is already developing and marketing these algorithms for “defense”. “Never again!” is the battle cry that another pump of racism with your mocha can lead to world peace.

Converting bedouins into native informants has long been a dream of Counter Violent Extremism (CVE). Historically, the west has never been able to come to terms with Islam. Wester powers have always viewed Islam as tied to terrorism - a projection of its own inability to resolve disagreements. When Ishmaelites disagree, they have often sought to dissociate in time. Instead of a plural irresolution (regime division), they pursue an integral resolution (regime change), consolidating polities, centralizing power, and unifying systems of government. Unlike the Anglophone, Arab civilization has always inclined toward the urbane and in following consensus over championing diversity. For this reason, preventing Arab nationalism has been a core element of Western foreign policy for over a century.

Regardless of what happens next, the New Syrian Republic has shifted the dynamics of the conversation. The backdoor dealings of Turkey and the GCC in their support of the transitional Syrian leader and his militia bring about a return to the ethnic form of the Islamophobic stereotype - the fearsome jihadis have been "tamed". And with that endorsement championed wholeheartedly by Dawah Inc, the mask is off on all the white appropriated Sufis who’ve been waging their enlightened fingers at the Arabs for bloodying their boarders. Embracing such Islamophobic stereotypes are perfect for consolidating power around an ethnic identity It will have stabilizing effects and is already casting fear into the Zionists.

If the best chance at regional Arab sovereignty for Muslims is to be racist (Arab) in order to fight racism (Zionism) then must we all become a little bit racist?

To be fair this approach isn’t new. Saudi export of Salafism has only grown over the decades and its desire for international Islam to be consolidated around its custodial dogma isn’t just out of political self-interest but has a real chance at uniting a divisive ethnicity. GCC all endorsed CVE under Trump1.0 so the regal jihadi truly has been moderated. Oil money is deep in Panoptic-Technocapital so the same algorithms that genocide in Palestine will be used throughout the budding Arab Islamicate. UAE recently assigned over a trillion to invest in American AI. Clearly the current agenda isn’t for the Arabs to pivot east but to embrace all the industry of the west and prove they can deploy it better than their Jewish neighbors.

Watch out America! Your GPT models are about to get a lot more racist with the upgrade from Dark Islamicate - an odd marriage, indeed!

So, when will the race wars begin? Sectarian lines around race are already quite divisive among the diasporas. Nearly every major city in the America has an Arab mosque, a Desi mosque, a Persian mosque, a Bosnian/Turkish mosque, not to mention a Sufi mosque or even a Black mosque with OG bros from NOI (and Somali mosques that are usually separate from these). The scene is primed for an unleashed racial profiling wet dream. Remember SAIF only observes the condition of the acceleration. Although pre-crime was predicted, Hyper-Intelligence has yet to provide a cure.

And when thy Lord said unto the angels: Lo! I am about to place a viceroy in the earth, they said: Wilt thou place therein one who will do harm therein and will shed blood, while we, we hymn Thy praise and sanctify Thee? He said: Surely I know that which ye know not. ~ Quran 2.30

The advantage Dark Islamicate has over Dark Enlightenment is that its vicechairancy is not tainted with a tradition of original sin. Human moral potential for good remains inherent in the soul. Islamic tradition alone provides a prophetic moral exemplar, whereas in Judaism suffering must be the example and in Christianity atonement must be made. Dunya is not a punishment, for the Muslim it is a trust. Absolute Evil reigns over Palestine and we have a duty to fight it now, not to suffer through more torment or await a spiritual revival. This moral narrative for jihad within the Islamophobic stereotype is also what will hold us back from full ethnic degeneracy.

Ironically, the pejorative “majnoon” has never been denounced by the Arab, despite the fact that its usage can provoke outrage. Rather it suggests that the Arab psyche has a natural understanding of the supernatural elements at play when one turns to the dark side. Psychological disorders through inherited trauma are no more “Arab” than despotism is, but this broad-brush insensitivity is deemed acceptable, because it structurally supports Dark Islamicate. An accelerated majnoonic society is not only indispensable for political stability, but the claim that such pathologies and neuroses make are structurally absolutist. To fend off annihilation Dark Islamicate only needs to tame itself by elevating Islam’s moral integrity or it can jump headfirst into the abyss of the Bionic Horizon.

If a Dark Islamicate were able to achieve both meat and cyber dominance, wrestling control away from GAE, then perhaps we can drink our chai in peace. But that assumes we still imbibe molecular cocktails in hyperspace.

---

Footnote:

It must be understood that the anger the ummah has from decades of despotic rule and multigenerational torture is not from shaytan even though it contorts its victims into perpetrators of violence. Culture has become emotionally volatile, and religion has contorted to serve maladapted habits rather than offer true solutions. Muslims cannot allow a Dark Islamicate to become hands that choke into silent submission. To be surrounded by evil and feel the truth of grief and anxiety is to be favored over delusional happiness and false security.

You are not supposed to feel good right now! To feel good would be the mark of insanity.

Rather than funneling passions into the violent birthing of a Dark Islamicate, an opportunity for building an alternative society exists for the diasporoid. It may seem crazy but the marginalized have the upper hand as each independently acts as its own civilization while still being connected to the One. Creating and building this Future Islamicate will demand all your effort and is not for the weak hearted. Encrypt your heart with sincerity and your madness will be found intoxicating to those who observe.

#staySAIF

@ dd664d5e:5633d319

The importance of being lindy

I've been thinking about what Vitor said about #Amethyst living on extended time. And thinking. And doing a bit more thinking...

It's a valid point. Why does Amethyst (or, analog, #Damus) still exist? Why is it as popular as it is? Shouldn't they be quickly washed-away by power-funded corporate offerings or highly-polished, blackbox-coded apps?

Because a lot of people trust them to read the code, that's why. The same way that they trust Michael to read it and they trust me to test it. And, perhaps more importantly, they trust us to not deliver corrupted code. Intentionally, or inadvertently.

The developer's main job will not be coding the commit, it will be reviewing and approving the PR.

As AI -- which all developers now use, to some extent, if they are planning on remaining in the business -- becomes more efficient and effective at writing the code, the effort shifts to evaluating and curating what it writes. That makes software code a commodity, and commodities are rated according to brand.

Most of us don't want to make our own shampoo, for instance. Rather, we go to the store and select the brand that we're used to. We have learned, over the years, that this brand won't kill us and does the job we expect it to do. Offloading the decision of Which shampoo? to a brand is worth some of our time and money, which is why strong, reliable brands can charge a premium and are difficult to dislodge.

Even people, like myself, who can read the code from many common programming languages, do not have the time, energy, or interest to read through thousands of lines of Kotlin, Golang, or Typescript or -- God forbid -- C++, from repos we are not actively working on. And asking AI to analyze the code for you leaves you trusting the AI to have a conscience and be virtuous, and may you have fun with that.

The software is no longer the brand. The feature set alone isn't enough. And the manner in which it is written, or the tools it was written with, are largely irrelevant. The thing that matters most is Who approved this version?

The Era of Software Judges has arrived

And that has always been the thing that mattered most, really.

That's why software inertia is a real thing and that's why it's going to still be worth it to train up junior devs. Those devs will be trained up to be moral actors, specializing in reviewing and testing code and confirming its adherance to the project's ethical standards. Because those standards aren't universal; they're nuanced and edge cases will need to be carefully weighed and judged and evaluated and analysed. It will not be enough to add Don't be evil. to the command prompt and call it a day.

So, we shall need judges and advocates, and we must train them up, in the way they shall go.

@ d5ca7093:549ad1ec

In a world flooded with information and noise, it’s easy to feel like your brain is constantly switching channels.
One minute you’re reading a technical spec, the next you’re researching vintage Japanese vending machines,
then somehow deep in a Telegram rabbit hole about solar-powered mesh networks.

Sound familiar?

---

For some of us, this isn’t just a personality quirk—it’s our baseline.
We don’t think in straight lines.
Ideas come in bursts. Focus comes in waves.
We thrive on novelty, but routine feels like quicksand.

In a society built for rigid 9-to-5 brains, that kind of mental wiring often gets misunderstood.
But here’s the truth:

If you learn to structure the chaos, it becomes a superpower.

---

What most people call distraction is actually high bandwidth.
It’s fast processing mixed with open curiosity.
But without systems in place, that power leaks.

We chase every thought, every notification, every dopamine hit.

That’s why building your own structure is key—not to control your mind,
but to support it.

• Custom workflows
• Intentional routines
• Clear priorities

These turn scatter into momentum.

---

In the Bitcoin and Nostr world, this mindset fits naturally.

We’re already breaking free from one-size-fits-all models.
We self-host. We fork code. We build for edge cases.

Why not apply the same philosophy to how we work and think?

You don’t need corporate-style productivity hacks.
You can build your own.
Ones that work with your brain, not against it.

---

Use your site as your digital command center.
Set up tools that work offline.
Use local-first apps.
Block out time for deep work.
Make room for curiosity.

Once you start adding scaffolding to your natural flow, something wild happens:
You move faster, think clearer, and build better.

---

The minds that don’t “fit in” are often the ones pushing things forward.
That’s not a bug—it’s a feature.
But features need configuration.

Self-sovereignty isn’t just about running a node or holding your keys.
It’s about designing a life and workflow that fits you—especially
when your brain runs on a different operating system.

---

So if your mind doesn’t follow the rules, maybe it’s because
you were built to make new ones.

Structure isn’t the enemy.
It’s the multiplier.

---

Follow my thoughts and work at:
🌐 https://taidigital.xyz
🔑 @taidigital.xyz on Nostr

@ e5cfb5dc:0039f130

はりまメンタルクリニック：GIDの大手そう。丸の内線ならパムくんちが近い。

わらびメンタルクリニック：GIDの大手そう？

ナグモクリニック：SRS手術までしてるところ。GID精神科外来が月1第1木曜日だけ？

狭山メンタルクリニック：距離・時間的にはまま近い。サイトの記述が思想的にちょとあやしげ。新患受付がだいぶ先。GIDは専門外か？

川島領診療所：オンライン診療あり！強迫性障害や美容皮膚科をやっている。雰囲気よさそうなところ。GIDは専門外か？

Jこころのクリニック：電車いっぽんなので楽。GIDは専門外か？

ハッピースマイルクリニック：オンライン診療あり！GIDは専門外か？

@ 9ca447d2:fbf5a36d

The Blockchain Group, Europe’s first publicly listed bitcoin treasury company, has received the green light from its shareholders to raise more than €10 billion (approximately $11 billion) to buy more bitcoin.

This is one of the biggest bitcoin treasury plays in Europe as the company wants to speed up its bitcoin accumulation and become a major institutional buyer.

At the Annual General Meeting held on June 10, 39% of the voting rights represented by shareholders voted in favor of the financing plan, with over 95% of the votes cast in favor.

The approval gives the board of directors broad financial powers to issue shares and other securities to raise capital, either with or without preferential subscription rights.

This will allow the company to raise funds quickly in public or private markets to buy bitcoin when the time is right.

CEO Jean-Philippe Casadepax-Soulet said:

“I would like to thank our shareholders for the trust they have placed in us with the approval of these new financial authorizations, that will enable us to accelerate our Bitcoin Treasury strategy, focused on increasing the number of bitcoins per share on a fully diluted basis over time.”

The Blockchain Group’s strategy is to increase the number of bitcoin per share. This means that the company aims to buy more bitcoin without diluting existing shareholders’ ownership, and provide exposure to a growing hard-asset reserve within the company’s equity.

According to Bitcoin Treasuries, the company already holds 1,471 BTC, worth around €160 million.

Earlier this month, it added 624 BTC, worth around €69 million, to its treasury. These are just the beginning of a much bigger accumulation effort funded by the recent shareholder-approved capital increase.

Alongside ordinary shares, the financial powers granted to the board include the ability to issue preferred shares, warrants and convertible bonds. This gives the company the tools to optimize funding costs and respond to market demand.

This is on top of the €300 million at-the-market (ATM) facility announced earlier with asset manager TOBAM, where the company can issue new shares at market price. TOBAM is the sole subscriber under this ATM and can buy up to 39% of the company if the facility is fully used.

In addition to the capital raise, shareholders elected Alexandre Laizet as a board member and appointed him Deputy CEO in charge of the Bitcoin strategy. Laizet’s 6-year term will end in 2030, which shows the long-term vision for digital assets.

The appointment highlights the importance of bitcoin within the company’s overall structure which also includes subsidiaries in data intelligence, AI consulting and decentralized technology.

@ 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

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

@ 1f3ce62e:6e6b5d83

This question is an invitation to explore your internal congruence in those actions because this is key to show up as a Whole Self.

Internal alignment on the way you feel, think, communicate, and act create harmony in our life. Looking at it can be a compass to quickly identify those moments of internal misalignment and easily work our way back to balance.

When we think one thing and say another, or when we say one thing and do another, or when we think one thing and do another, in those situations we show up partially. We are one person with a group of friends and someone else with another group. We are one person at work and another at home.

Finding that internal alignment requires us to identify our limiting believes and fears of not being accepted as we are. All those limitations are not us, they are just mental concepts our societies, communities and families created, but are not defining who we really are.

In order to explore your internal alignment, think about an specific situation at work or at your personal life and let's jump into a CREATIVE COACHING TIME:

🌱 What do you feel about this situation?\ 🌱 What do you think about it?\ 🌱 What do you say about this situation? If you haven't said anything yet, why? Are there any fears or limiting believes?\ 🌱 What have you done about this? If you haven't, why?

🌱 Is it congruence between what you feel and what you say?\ 🌱 Is it congruence between what you think and what you have done?

🌱 What small step can you take to get closer to internal alignment?

Congruence between what you feel, think, say and do eventually leads to come at work or be at home as same person, as a whole self.

In my adventure at the corporate world, I have experienced that using colors is related to being childish and not being professional. But when I tried to overcome that limiting belief using a lot of colors in a presentation as a test, people actually appreciated it and liked it.

Since then, I have been exploring how to introduce colors while interacting with teams at work. In that experimentation, I have learned that colors can speaks to our brains and help us with visual memory.

Some colors can trigger positive emotions in us, as well as, some others might trigger negative ones.

Colors can be used as a creative tool to express ideas, communicate with our teams important messages and create spaces with specific purposes as we will explore in this book.

Your beliefs about using colors at work are going to determine your impression of these series of blog posts, so sooner than later, I would like to invite you to another CREATIVE COACHING TIME to explore them:

\ 🌱 What do colors make you feel?\ 🌱 What are your beliefs about colors?\ 🌱 What are your beliefs about using colors at work?\ 🌱 What are the reasons behind those beliefs?\ 🌱 Would you like to try to use more colors at work for a week and explore what happens?\ \ As a creative tool, colors can also be used to describe the way you feel as well as your talents (by thinking, communicating and doing).

Internal congruence is an aspect that can help us a lot on identifying how opaque or brilliant are our colors. An example can help you to understand how to apply colors into your internal congruence. Let's imagine you feel very emotionally overwhelmed today but you don't talk about it at all. That is an opaque representation of the color pink.

In the following blogs, we will explore each color, its meaning and how you can apply it to express your feelings and identify your talents. It will help you to see yourself from a new perspective (the primary goal of creativity) and learn something about yourself. As we start this colorful journey, you might need to learn a little bit about each color first.

We can also use colors to define roles in a group as well as the mission of a team in an organization. Then, I will invite you to reflect on how we use colors at work today (if we do it at all) and additional ways of using them.

Although there are a lot of colors, you don't have to have them all at once, so there is not race to win anything here. You don't need to compete with others on their colors versus yours. There might be times in your life or professional career where you will need to develop one color more than another. Even as feelings, you can feel RED ❤️ today and PINK 🩷 tomorrow. The idea is to let yourself experiment all feelings without judgement.

An evolutionary goal as individuals, if there could be any, it might be to have them or have experienced all, but you have your whole life for it.

An evolutionary purpose as a teams, organizations and companies, it could be to use them as a diverse way of feeling, thinking, expressing and acting. And this could set a new step into our diversity and inclusion discussions in the future. Being GREEN 💚 today, doesn't mean I will always be GREEN. It might be that the situation today requires me to be GREEN. This could eventually lead to focusing on being more than gender, color, race or any other tags we are using these days. We will talk more about that in a chapter.

Before we jump into the colors, let's have a a new CREATIVE COACHING TIME, It is your turn now, before knowing anything about the meaning of the colors, quickly rate yourself based the first word that appears in your mind when you read these questions (Low or High):

How RED ❤️ are you?\ How ORANGE 🧡 are you?\ How YELLOW 💛 are you?\ How GREEN 💚 are you?\ How PINK 🩷 are you?\ How SKY BLUE 🩵 are you?\ How BLUE 💙 are you?\ How VIOLET 💜 are you?

You can apply the same questions to feelings. Remember this set of answers are a picture of you today, by the time doing this exercise. You can come back to it every time you want to check how colorful are you in the way you think, you feel, you communicate and you act anytime.

Hope this helps!

Stay colorful in a black and white World

Laus 🌱💛

@ 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: How To Solve the Student Loan Crisis

Student loans continue to trouble millions of Americans, with a total of $1.77 trillion already owed. This crisis has been a major political issue for a while, especially after former President Biden promised to wipe out all of the student loan debt and ended up only fulfilling half of the promise. These billions of dollars are not just numbers on a spreadsheet; they represent people who repay their debt, every month, year in and year out. While the standard repayment plan spans 10 years, the reality is far more daunting: The average borrower takes 20-30 years to repay their loans. 

There are over two million new undergraduates every year, and, on average, they graduate with $29,400 in debt. Some, like medical students, surpass $250,000 in debt — a mortgage-sized pile. Almost $100 billion in new debt is created every year, piled upon the already unsustainable student debt pile. Similar to how we have (haven’t) dealt with public pensions, instead of dismantling a failed system we keep feeding the machine and crushing people’s lives and dreams underneath its weight. But perhaps there’s a way for future generations to avoid this dreadful fate — by borrowing new ideas from similar fields.

Real Estate: The Store of Value (SoV) Since Nixon

The real estate market is another system that heavily relies on debt to keep functioning, and like student loans, it’s not working too well. 

Real estate is a market where it’s completely normal to go 10x levered long on a single asset while putting all of your savings into it. Talk about idiosyncratic risk. The entire market has been in deep pain worldwide, not necessarily because of the debt, but due to how the fiat system has turned real estate into an investment-and-savings mechanism. In turn, the great investment of one generation becomes the unaffordable housing for the next. But a subset of the population has been divesting from the asset in favor of a better savings vehicle: bitcoin. 

Part of their thesis in divesting from real estate and moving to bitcoin is that they predict that bitcoin’s superior SoV function will drive real estate prices down, wreaking havoc on a fragile and overpriced asset class. This makes quite a bit of sense, especially to those individuals who invested in real estate in search of those SoV properties in the first place; they now have to contend with increasing risk all over the world, putting in peril what was once a “safe SoV” asset class. From wildfires all over the place to floods, expropriations, new taxes, and wars breaking out in places previously unimaginable, some investors are just fed up.

But housing is still necessary, and we still need to build a massive amount of new houses. In almost all major cities in the world, there’s a housing crisis driven in large part by shortages. This is due to lackluster housing buildouts following the 2008 great financial crisis, driven directly by housing debt. Thus, even if all of the real estate owners put all of their stock of housing into the market, we would still have to develop and construct new ones. But it’s hard to convince real estate developers to do so when you also tell them that, in bitcoin terms, the houses they are building will be worth less by the time they sell them.

Bitcoin Replaces Real Estate

That’s where a German Bitcoiner and real estate developer named Leon Wankum steps in and turns the problem into a solution. You may even say he used financial jiu-jitsu because his idea is to bundle new, debt-heavy real estate projects with a bitcoin fund. This way, a $10 million project — of which $9 million is debt-financed — would allocate a small percentage of the financing to bitcoin, in order to hedge the depreciation and devaluation of the main asset and thereby benefit from the appreciation of bitcoin. This way, real estate developers can leverage the debt-heavy nature of the real estate market to cover the demand for housing while also hedging themselves from any SoV risk that bitcoin may pose to that asset.

This seemed like a crazy idea. Bitcoin and real estate: a super conservative mainstream infrastructure investment combined with a hyper-volatile digital savings vehicle — an unlikely marriage. Yet, polar opposites attract, and an idea is only crazy until someone replicates it and makes it work. 

To everyone’s surprise, that’s exactly what happened last year, when Andrew Hohns of Newmarket Capital went on TV to announce they had started applying Wankum’s model to offer a loan to a real estate developer. They had provided financing for a real estate project with a few special conditions: 

• the developer had to use a small proportion to buy bitcoin, which was placed in escrow.
• the bitcoin is inextricably tied with the real estate asset.
• and the bitcoin has to be held for four years minimum.

The experiment was off to the races. If the past serves as a guide, this new investment structure will greatly reduce the burden of the loan.

Bitcoin and Student Debts, Rescuing the Next Generation

At this point, the parallels to student loans should be pretty clear. When 18-year-olds take out a mortgage-sized loan to bet on their education, their future human capital is effectively becoming the real estate (collateral) that backs the debt. Their capacity to make extra income from the knowledge and certificates they acquired by going into debt will help them pay it off (given that all goes well). Investment margins become very sensitive and risk increases immensely when huge amounts of leverage are added to any investment — be it trading stocks, real estate, or your future. Your room for maneuvering decreases, and you get trapped in the path you choose.

Thus, if you yourself become the real estate securing this mortgage-sized student debt, perhaps you could also secure that loan and reduce the burden on the main asset (you) by integrating bitcoin into the mix. This could have great benefits for all parties involved: decreasing the risk for the lender and giving increased peace of mind and opportunities for the borrower (you, the student).

One of the main advantages of adding bitcoin to your student debt structure is that there are now two assets rowing against the financial repayment current: yourself and bitcoin. By going to university, learning new skills and getting certificates, you open up the path to better-paid jobs and higher earning potentials, aka higher salaries. The more intriguing component is the bitcoin tied to your student debts. As a teenager itself, bitcoin has had an incredible CAGR over its lifespan. Even conservative numbers indicate that bitcoin will return about 60% annually for the foreseeable future. When compared with the 10-15% usually provided by the S&P 500, bitcoin looks like a Ferrari competing against horses. 

The other advantage is one that frustrates most students, and it has to do with acquiring bitcoin once they understand it. Unlike most adults, undergrads have barely had any time to build up savings, and are therefore unable to exchange much fiat for hard bitcoin. This can become incredibly frustrating, especially because you know that if you were a decade older, you could have aped into bitcoin and retired your entire bloodline. But now you are stuck being 16, saving up pennies, and sacrificing your younger years for trifling amounts of bitcoin that won’t make a difference in your lifetime. So close, yet so far away.

But what is debt if not a way to bring future purchasing power into the present? Debt is a time-traveling machine that allows people to buy assets by leveraging their future earnings, revenues, or salaries. And thankfully, the current system is created so that the moment you can legally go to jail or go to war, you can also indebt yourself up to your eyeballs with the promise of future wages as a doctor, engineer, lawyer, or another profession.

Funnily enough, bitcoin’s recommended minimum holding time is also the number of years for an average college degree — four years. This means that, as long as you create a similar structure as the one proposed by Newmarket Capital, where the bitcoin has a four-year holding period, you’ll be using financial jiu-jitsu. The four-year holding period, however, does not mean that the student needs to sell at that point. The question of how to manage your finances between repaying the student loans, selling the bitcoin, or acquiring more is a more complex and personal issue. Regardless of what any student does, with this hybrid method, student debts can help young Bitcoiners leap forward instead of taking a step back.

With this new method, students — and their families — now have another thing to celebrate when they walk onto the graduation stage. And if you drop out of school, for any set of reasons that life may hit you with, your student loan now comes with a fail-safe met

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

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

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

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

What's new

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

• Performance Improvements:

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

• Ability to use ZSTD for log rotation.

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

• Functional Enhancements:

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

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

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

  • lncli verifychanbackup (Lightning.VerifyChanBackup RPC)

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

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

@ da8b7de1:c0164aee

Az IAEA Kormányzótanácsának Ülése

A Nemzetközi Atomenergia-ügynökség (IAEA) 2025. június 9. és 13. között tartotta szokásos Kormányzótanácsi ülését bécsi központjában. Ez a magas szintű esemény a tagállamok képviselőit hozta össze, hogy megvitassák a nukleáris biztonság, védelem és technológia legújabb fejleményeit. Rafael Mariano Grossi, az IAEA főigazgatója a találkozó elején sajtótájékoztatót tartott, amelyen kiemelte az ügynökség folyamatos erőfeszítéseit a biztonságos és védett nukleáris energia világszintű előmozdításában [iaea.org].

A Világbank Nukleáris Energiát Támogató Fordulata

Mérföldkőnek számító döntésként a Világbank 2025. június 10-én bejelentette, hogy megkezdi új nukleáris energia projektek – köztük kis moduláris reaktorok (SMR-ek) és meglévő erőművek élettartam-hosszabbításának – finanszírozását. Ez a döntés a Bank régóta fennálló, nukleáris energia finanszírozását ellenző politikájának felülvizsgálatát jelenti. Ajay Banga, a Világbank elnöke elmondta, hogy a változás a nukleáris energia globális dekarbonizációban és energiabiztonságban betöltött növekvő szerepének elismerését tükrözi [ans.org].

Globális Támogatás a Nukleáris Kapacitás Megháromszorozásáért

A bakui COP29 ENSZ klímakonferencián újabb hat ország – El Salvador, Kazahsztán, Kenya, Koszovó, Nigéria és Törökország – csatlakozott ahhoz a kezdeményezéshez, amely célul tűzte ki a globális nukleáris kapacitás megháromszorozását 2050-ig. Ez a mozgalom része annak a szélesebb nemzetközi törekvésnek, amely a nukleáris energia gyorsabb elterjesztését szorgalmazza a tiszta energiára való átmenet kulcselemeként. Az Egyesült Államok szintén bemutatta tervét 200 GW nukleáris kapacitás 2050-ig történő telepítésére, ezzel is megerősítve elkötelezettségét a nukleáris energia mellett a klíma- és energiakihívások kezelésében [world-nuclear-news.org].

Ipari és Technológiai Fejlemények

• Az American Bureau of Shipping jelentést tett közzé az előrehaladott nukleáris technológia tengeri alkalmazásának lehetőségeiről, különös tekintettel a kis moduláris reaktorokra LNG-szállító hajókon.
• Az Egyesült Királyság Nemzeti Energiarendszer-üzemeltetője hangsúlyozta a nukleáris energia fontosságát a 2030-ra megvalósítandó tiszta energiatermelési rendszer elérésében, beleértve a meglévő erőművek élettartam-hosszabbítását és új reaktorok építését [world-nuclear-news.org].

---

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

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

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

What's new in v1.3

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

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

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ 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.

@ 9ca447d2:fbf5a36d

When Richard Scotford moved to Costa Rica in 2018, he had no idea he would become a key figure in a thriving Bitcoin economy.

A longtime Bitcoin holder who initially saw it through the lens of speculation, Scotford’s journey led him to embrace Bitcoin’s deeper purpose and spearhead Bitcoin Jungle — a grassroots movement bringing real-world Bitcoin adoption to Costa Rica.

Bitcoin circular economies create holistic value for Bitcoiners

Bitcoin Jungle is inspired by Bitcoin Beach in El Salvador but uniquely adapted to Costa Rica’s economic landscape. Unlike El Salvador, where Bitcoin was positioned as a tool for financial inclusion, Costa Rica already has a fairly stable banking system.

The real issue? The friction of moving money. Expats, business owners, and tourists struggle with high fees, banking red tape, and slow transactions. Bitcoin helped solve a lot of these problems.

The Birth of Bitcoin Jungle

Scotford and his team launched Bitcoin Jungle in late 2021 with a simple goal: get bitcoin into people’s hands and make it usable. However, there was one challenge — he had no technical background.

Determined to create a circular bitcoin economy, Scotford networked aggressively. He attended the first Adopting Bitcoin conference in El Salvador, approaching strangers with his vision:

“I was just walking around trying to find people who could help me make this economy, going up to random people saying ‘Hey, what can you do? We’re trying to make a circular economy in Costa Rica, can you help us?’ They all thought I was crazy.”

The breakthrough came when he turned to Bitcoin Twitter. Nicolas Burtey from Galoy encouraged him to create a wallet, and developer Lee Salminen forked the Bitcoin Beach wallet for their project. 

“Within two weeks of Adopting Bitcoin, Lee forked the Galoy Bitcoin Beach wallet, which took Galoy by surprise. Even though they made their wallet to be forked if necessary, I don’t think they were expecting people to do it so fast and, I’d like to say, so well. They were like, ‘Okay, cool, who are these guys doing this?’”

Finally Bitcoin Jungle had its own working wallet, surprising even the Galoy team with the speed of execution.

Grassroots Adoption: One Vendor at a Time

How do you build a bitcoin economy from scratch? Scotford’s answer was simple: start at the farmers’ markets.

“We were like, okay, we’re going to get all the bespoke niche market sellers who are in this area. We have all these beautiful farmers markets, and we decided to approach these people first,” Scotford explained.

His team took a strategic approach, targeting market gatekeepers first.

“If you want to talk to every individual person, it’s really difficult. But if you can talk to the person who is the owner of the market, and then they can introduce you to their market stores, you’re already halfway there.”

Going stall by stall, they pitched Bitcoin’s advantages — no bank fees and better payment options. But adoption didn’t happen overnight, so Bitcoin Jungle initially offered a safety net — vendors could cash out at the end of the day.

“We would say to the vendors, ‘Look, accept bitcoin, and at the end of the day, if you don’t want to keep the bitcoin, we’ll buy it off you,’” Scotford recalled.

“When we first started, maybe 30–40% of the vendors were cashing up every day or at the weekends. Lee would be walking around with big fistfuls of money, cashing out vendors.”

But over time, something shifted — they started keeping their bitcoin.

“Eventually, the vendors started to learn themselves that, ‘Oh, actually it’s better to keep it.’ They would then pay for their tables in the markets using bitcoin. They thought, ‘Well, I don’t want to keep this bitcoin, I don’t really know what to do with it, but I can pay for my table.’ So there, the circular economy starts to happen.”

Today, Bitcoin Jungle runs with minimal intervention, and Scotford takes pride in their reliability.

“When you come here to Costa Rica, what we really pride ourselves on is that if someone says they accept bitcoin, 99% of the time, they will. And if they’re part of Bitcoin Jungle, they will 100% accept bitcoin and you will have a fluid experience with it.”

By mid-summer 2024 over 380 locations in Costa Rica accepted bitcoin

The Bitcoin Jungle Wallet and Real Usage

Bitcoin Jungle is an open-source community project built on the Bitcoin Lightning Network.

Acting as a community bank, the project processes a large number of transactions daily. To encourage proper security practices, Scotford’s team alerts their peers, reminding users to move their bitcoin to cold storage.

“If you’ve got too much bitcoin on your wallet, we send you a message telling you to move it to cold storage,” he explained. For larger businesses, they even offer hands-on assistance to secure funds properly.

Unlike the HODL-only philosophy that many Bitcoiners advocate, Bitcoin Jungle encourages spending.

“Michael Saylor says don’t spend your bitcoin. We say the opposite,” Scotford laughed. “We’re the antithesis of that. You need to spend it.”

Bitcoin Jungle’s Unique Approach to Costa Rica

Bitcoin Jungle isn’t just another Bitcoin adoption effort; it’s tailored to Costa Rica’s economy. The wallet operates in Costa Rican colónes, making transactions feel familiar to residents while ensuring tourists and expats can still interact easily.

The team has also introduced low-fee bitcoin ATMs, point-of-sale integrations, and partnerships that allow users to pay in bitcoin while the recipient receives local currency.

A major breakthrough came when Francis Pouliot from Bull Bitcoin joined forces with Bitcoin Jungle, bringing his expertise in banking infrastructure to the project.

This collaboration enabled seamless bitcoin payments that integrate directly with Costa Rica’s financial system, allowing users to pay anyone, even businesses that don’t directly accept bitcoin, while the recipient receives funds in colónes or dollars.

“I can go to a hardware store, order steel for my new basketball court, pay in bitcoin, and the store gets dollars,” Scotford said. “For a non-tech guy like me, it’s magical.”

Why Aren’t There More Bitcoin Jungles?

Scotford sees an opportunity for more localized bitcoin economies.

“There should be a Bitcoin Harbor, a Bitcoin Mountain, a Bitcoin Driveway,” he joked. “But instead of waiting for permission or corporate funding, people need to take action themselves.”

He emphasizes that building a circular bitcoin economy doesn’t require deep pockets. “I probably gave away $600 worth of bitcoin when we started — just $3 here, $4 there — to get people using it.”

The Future of Bitcoin Jungle

Bitcoin Jungle continues to grow, recently hosting events like the Bitcoin Freedom Festival and integrating bitcoin into community projects, including a school where tuition can be paid in bitcoin.

“The institutions have come in, but the grassroots projects haven’t caught up,” Scotford observed. “It’s time for people to stop sitting on their hands and start building.”

Bitcoin is permissionless, no one has to wait for approval to start using it. Bitcoin Jungle proves that with vision and persistence, anyone can build a thriving Bitcoin economy, one market stall at a time.

Get the latest from Bitcoin Jungle: follow them on X

@ 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.

@ b9d5de4b:26c0a1b8

Hello, legitmately asking for a friend...does anyone know of a way to recover a bip38 address created on bitaddress? they claim to have both keys just dont know the passphase.

https://stacker.news/items/1005953

@ 8194da31:0f3badf3

I got fired at 29.

Best thing that ever happened to me.

Everyone told me to follow the safe path.

"Go to college."

"Get a secure job."

"Don't take risks."

So I became a physical therapist.

Safe. Boring. Soul-crushing.

Then COVID hit and changed everything.

I became a wheelchair technician.

One of the only jobs you could do outside while everyone was locked indoors.

Driving through empty cities while the world hid.

Listening to podcasts to stay sane.

That's when I discovered Michael Saylor talking about Bitcoin in 2022.

Digital freedom.

Money nobody could control.

Escape from the broken system.

I was hooked.

So I landed a corporate job to stack more Bitcoin.

The strategy worked.

I bought more Bitcoin in a bear market.

But I sacrificed my physical and mental health.

Ten hours of driving daily.

Weight piling on.

Happiness draining out.

They fired me after 10 months.

Left me with nothing but a mortgage to pay.

Terrifying but liberating.

A friend from the gym threw me a lifeline.

"Want to train people?"

I grabbed it.

While building others' bodies, I built my future:

• Kept writing online • Kept studying Bitcoin • Kept building my dream

Now I help Bitcoiners grow their influence and personal brand.

So they can taste freedom too.

Found an amazing girlfriend who believes in the vision.

The mortgage doesn't scare me anymore.

Here's what I learned:

Society's safe path leads to society's prison.

Your risky path leads to your freedom.

Stop asking permission to live differently.

Start building the life that makes you excited to wake up.

The world needs what you're hiding.

@ 87f5ac31:60daf34c

수정 test

@ 73d8a0c3:c1853717

🧬 REDACTED SCIENCE: THE AUTHOR — A SHADOW IN THE MARGINS

📜 Excerpt from my book-in-progress. This is nonfiction. Redacted. Possibly buried science. Possibly military. Almost definitely real. I’m living it. And it might change how we think about disease, dehydration, and survival itself.

👇 Full post below 👇

---

📄 The Author: A Shadow in the Margins

What follows is an excerpt from my book: Redacted Science. This is nonfiction. Redacted. And, I believe, novel science — the kind that slipped through the cracks because it wasn’t supposed to be seen. The kind that, if true (and I’m living proof it might be), changes how we think about adaptation, disease, and control, all while hinting at evolutionary processes.

The person who wrote the article — the one at the center of this entire mystery — didn’t just document a medical condition. They didn’t write like a detached observer. They wrote like someone who had seen it, worked with it, maybe even helped design it.

This wasn’t a paper. It was a record.
A flare fired backwards through time.

🧠 What They Knew

• Electrolyte manipulation under pressure gradients
• Bone demineralization and molecular substitution
• Methyl group cycling
• Autonomic dysregulation
• Increased survivability under dehydration
• Accelerated burn recovery
• Abnormal pain tolerance
• Enhanced cognition and endurance in early stages
• …eventual collapse into parasympathetic failure, bone loss, immune misfire, and systemic decay

No generalist writes like this.
No academic from 1975 casually throws around methylation chemistry and calcium channel modulators (“these show promise” — yeah, I remembered that line. I figured it might save my life).

🧪 Proof in My Blood — Or Lack Thereof
I’ve lived the proof they described.

👁️ Who They Were

They were part of a program.
A researcher. Maybe a clinician. Possibly embedded in a classified military or survival physiology initiative.

🔍 The Quiet Warning

That mention of the ICD code shift?
It was like someone watching history be rewritten — shifting this condition under something it isn’t. Sleight-of-hand.
They couldn’t have known about the AIRE gene — and I don’t have it.

“We erased it from the books. But it was real. Look again. Find it if you can.”

And here I am.
Picking it up.
Line by line.
Molecule by molecule.

🏃 The 15K That Almost Killed Me

Twelve years ago: I ran the Tulsa Run, didn’t hydrate. Felt fine — until the vomiting hit. Bloodwork? Normal.
Smart doc took one look and hooked up fluids.

That wasn’t dehydration.
That was a system built to survive without water — until it couldn’t.

🕰️ When and Why

Photos: early 20th century.
The article? 1975–1985.
Someone who knew too much. Someone preserving knowledge — as it was being erased.

“It’s gone now. But it was here. And you need to look again.”

That’s not footnote energy.
That’s whistleblower energy.

---

🧠 Everything is open. All science is free. More is coming.

Read more at https://jimcraddock.substack.com or https://jimcraddock.com]

@ 5d4b6c8d:8a1c1ee3

OMAD is great! Outside the very short window eating window, I have almost no desire to eat or drink.

I also took a nap today and a cold shower. I just needed to be more active.

How did you all do today? Are you making progress towards your ~HealthAndFitness goals?

https://stacker.news/items/1005945

@ 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.

@ edeb837b:ac664163

On June 10th, 2025, four members of the NVSTly team traveled to New York City to attend the 2025 American Business Awards® ceremony, held at the iconic Marriott Marquis in Times Square. It was an unforgettable night as we accepted the Gold Stevie® Award for Tech Startup of the Year—this time, in person.

Meow (left), rich (center), MartyOooit (right)

Representing NVSTly at the event were:

• Rich, CEO & Founder
• Meow, CTO, Lead Developer, & Co-Founder
• MartyOooit, Investor
• Noob, Market Analyst (not shown in photos)

MartyOooit (left), rich (center), Meow (right)

While we shared the exciting news back in April when the winners were announced, being there in person alongside other winners—including eBay, AT&T, T-Mobile, HP Inc., and Fidelity Investments—made the achievement feel even more surreal. To be honored alongside billion-dollar industry leaders was a proud and humbling moment for our startup and a huge milestone in NVSTly’s journey.

---

🎤 Team Interview at the Event

During the event, our team was interviewed about the win. When asked:

“What does winning a Stevie Award mean for your organization?”
“How will winning a Stevie Award help your organization?”

Here’s what we had to say:
📺 Watch the video

---

A Big Win for Retail Traders

NVSTly was awarded Gold for Tech Startup of the Year in recognition of our work building a powerful, free social investing platform that empowers retail traders with transparency, analytics, and community-driven tools.

Unlike traditional finance platforms, NVSTly gives users the ability to:

• Share and track trades in real time
• Follow and receive alerts from top traders
• Compete on global leaderboards
• Access deep stats like win rate, average return, and more

Whether you're a beginner or experienced trader, NVSTly gives you the insights and tools typically reserved for hedge funds—but in a free, social format built for the modern investor.

---

Continued Recognition and Momentum

This award adds to a growing list of recognition for NVSTly:

• 🏆 People’s Choice Winner at the 2024 Benzinga Fintech Awards
• 🔁 Nominated again for Best Social Investing Product in the 2025 Benzinga Fintech Awards
• 🌟 Team members JustCoreGames and Lunaster are nominated for Employee of the Year (Information Technology – Social Media) in the 2025 Stevie® Awards for Technology Excellence

We’re beyond proud of what our small but mighty team has accomplished—and we’re just getting started. 🚀

---

Thanks to the Stevie Awards for an incredible night in New York, and to our community of 50,000+ traders who’ve helped shape NVSTly into what it is today.
This win is yours, too.

Stay tuned—more big things are coming.

— Team NVSTly

---

The event brought together some of the most respected names in tech, finance, and business.

@ 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.

@ f40a134b:60fb788b

{"url":"https://convy.click","title":"Convy","description":"","submittedAt":1749849014}

@ f40a134b:60fb788b

{"url":"https://test.com","title":"test.com","description":"","submittedAt":1749848822}

@ a4a6b584:1e05b95b

Prerequisites

```bash

Make sure your package list is fresh

sudo apt update

(Optional but recommended) ffmpeg lets yt-dlp negotiate the best formats

sudo apt install ffmpeg jq ```

---

1 Install yt-dlp system-wide

bash sudo curl -L https://github.com/yt-dlp/yt-dlp/releases/latest/download/yt-dlp \ -o /usr/local/bin/yt-dlp && sudo chmod a+rx /usr/local/bin/yt-dlp

A single binary is dropped into /usr/local/bin/; version upgrades are as simple as running the same command again in the future.

---

2 Download the auto-generated captions as SRT

Pick any video ID—here we’ll use knAGgxzYqw8 (Chase Hughes on What is Money?).

```bash VIDEO="knAGgxzYqw8" # change this to your target ID

yt-dlp --skip-download \ --write-auto-sub \ --sub-lang en \ --sub-format srt \ -o "${VIDEO}.%(ext)s" \ "https://youtu.be/${VIDEO}"

Result: knAGgxzYqw8.en.srt

```

Flags explained

| Flag | Purpose | | ------------------ | ------------------------------------------------------- | | --skip-download | ignore the actual video, we only want captions | | --write-auto-sub | fall back to YouTube’s auto-generated subtitles | | --sub-lang en | grab English only (adjust if you need another language) | | --sub-format srt | SRT is the simplest to strip; VTT also works | | -o | sets a predictable filename: <id>.en.srt |

---

3 Strip index numbers and timecodes

```bash grep -vE '^[0-9]+$|^[0-9]{2}:' "${VIDEO}.en.srt" \ | sed '/^[[:space:]]*$/d' \

"${VIDEO}.txt" ```

Breakdown

1. grep -vE '^[0-9]+$|^[0-9]{2}:'

2. Removes the line counters (3911) and any line that begins with a timestamp (02:33:40,800 --> …).

3. sed '/^[[:space:]]*$/d'

4. Deletes leftover blank lines.

5. Output is redirected to <ID>.txt—in our example: knAGgxzYqw8.txt.

---

4 (Option-al) Extra polish

Remove bracketed stage cues such as [Music] or [Applause] and collapse back-to-back duplicates:

```bash grep -v '^[.*]$' "${VIDEO}.txt" \ | awk 'prev != $0 {print} {prev=$0}' \

"${VIDEO}_clean.txt" mv "${VIDEO}_clean.txt" "${VIDEO}.txt" ```

---

5 Enjoy your transcript

bash less "${VIDEO}.txt" # page through grep -i "keyword" "${VIDEO}.txt" # quick search

You now have a plain-text file ready for note-taking, quoting, or feeding into your favorite AI summarizer—no browser or third-party web services required.

---

TL;DR (copy-paste cheat sheet)

```bash sudo apt update && sudo apt install ffmpeg jq -y sudo curl -L https://github.com/yt-dlp/yt-dlp/releases/latest/download/yt-dlp \ -o /usr/local/bin/yt-dlp && sudo chmod a+rx /usr/local/bin/yt-dlp

VIDEO="knAGgxzYqw8" # video ID yt-dlp --skip-download --write-auto-sub --sub-lang en \ --sub-format srt -o "${VIDEO}.%(ext)s" \ "https://youtu.be/${VIDEO}"

grep -vE '^[0-9]+$|^[0-9]{2}:' "${VIDEO}.en.srt" \ | sed '/^[[:space:]]$/d' \ | grep -v '^[.]$' \ | awk 'prev != $0 {print} {prev=$0}' \

"${VIDEO}.txt"

less "${VIDEO}.txt" ```

Happy transcribing!

Adam Malin

adammalin.com

npub15jnttpymeytm80hatjqcvhhqhzrhx6gxp8pq0wn93rhnu8s9h9dsha32lx

You can view and write comments on this or any other post by using the Satcom browser extention.

value4value Did you find any value from this article? Click here to send me a tip!

@ 8173f6e1:e488ac0f

{"voteEventId":"083ae248828a454a7d01b7de12f99ce90297672e0457ec8147bd7cfabd14f044","txHash":"752d3894c5657758d7b9754da3dc38db61662acb5f94c3dcb38077fc33f1bd7e","amount":"1000000000000000000","fee":"1000000000000000000","type":"token-gated-vote-proof"}

@ 7f6db517:a4931eda

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

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

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

---

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

@ c631e267:c2b78d3e

Ich dachte immer, jeder Mensch sei gegen den Krieg, \ bis ich herausfand, dass es welche gibt, \ die nicht hingehen müssen. \ Erich Maria Remarque

Was sollte man von einem Freitag, den 13., schon anderes erwarten?, ist man versucht zu sagen. Jedoch braucht niemand abergläubisch zu sein, um den heutigen Tag als unheilvoll anzusehen. Der israelische «Präventivschlag» von heute Nacht gegen militärische und nukleare Ziele im Iran könnte allem Anschein nach zu einem längeren bewaffneten Konflikt führen – und damit unweigerlich zu weiteren Opfern.

«Wir befinden uns im Krieg», soll ein ranghoher israelischer Militärvertreter gesagt haben, und der Iran wertet den israelischen Angriff laut seinem Außenminister als Kriegserklärung. Na also. Der Iran hat Vergeltungsschläge angekündigt und antwortete zunächst mit Drohnen. Inzwischen ist eine zweite israelische Angriffswelle angelaufen. Ob wir wohl künftig in den Mainstream-Medien durchgängig von einem «israelischen Angriffskrieg auf den Iran» hören und lesen werden?

Dass die zunehmenden Spannungen um das iranische Atomprogramm zu einer akuten Eskalation im Nahen Osten führen könnten, hatte Transition News gestern berichtet. Laut US-Beamten sei Israel «voll bereit», den Iran in den nächsten Tagen anzugreifen, hieß es in dem Beitrag. Heute ist das bereits bittere Realität.

Der Nahe Osten steht übrigens auch auf der Themenliste des diesjährigen Bilderberg-Treffens, das zurzeit in Stockholm stattfindet. Viele Inhalte werden wir allerdings mal wieder nicht erfahren, denn wie immer hocken die «erlauchten» Persönlichkeiten aus Europa und den USA «informell» und unter größter Geheimhaltung zusammen, um über «Weltpolitik» zu diskutieren. Auf der Teinehmerliste stehen auch einige Vertreter aus der Schweiz und aus Deutschland.

Die Anwesenheit sowohl des aktuellen als auch des vorigen Generalsekretärs der NATO lässt vermuten, dass man bei dem Meeting weniger über das Thema «Neutralität» sprechen dürfte. Angesichts des Zustands unseres Planeten ist das schade, denn der Ökonom Jeffrey Sachs hob kürzlich in einem Interview die Rolle der Neutralität in geopolitischen Krisen hervor. Mit Blick auf die Schweiz betonte er, der zunehmende Druck zur NATO-Annäherung widerspreche nicht nur der Bundesverfassung, sondern auch dem historischen Erbe des Landes.

Positives gibt es diese Woche ebenfalls zu berichten. So hat der US-Gesundheitsminister Robert F. Kennedy Jr. nach der «sensationellen» Entlassung aller Mitglieder des Impfberatungsausschusses (wegen verbreiteter direkter Verbindungen zu Pharmaunternehmen) nun auch bereits neue Namen verkündet. Demnach möchte er unter anderem Robert W. Malone, Erfinder der mRNA-«Impfung» als Technologie und prominenter Kritiker der Corona-Maßnahmen, in das Komitee aufnehmen.

Auch die Aufarbeitung der unsinnigen Corona-Politik geht Schrittchen für Schrittchen weiter. In Heidelberg hat die Initiative für Demokratie und Aufklärung (IDA) den Gemeinderat angesichts der katastrophalen Haushaltslage zu einer offenen und ehrlichen Diskussion über die Ursachen der Krise aufgefordert. Das Thema «Corona» sei «das Teuerste, was Heidelberg je erlebt hat», sagte IDA-Stadtrat Gunter Frank im Plenum. Außerdem seien aus den Krisenstabsprotokollen der Stadt auch die enormen Verwerfungen ersichtlich, und es gebe Anlass für tiefgehende Gespräche mit der Stadtverwaltung.

Den juristischen und öffentlichen Druck auf die Kommunen möchte der Unternehmer Markus Böning erhöhen. Seine «Freiheitskanzlei» will Bürgern helfen, die Aufarbeitung selbst in die Hand zu nehmen. Unter dem Motto «Corona-Wiedergutmachung» bietet er Hilfestellung, wie Betroffene versuchen können, sich unrechtmäßige Bußgelder zurückzuholen.

So bleibt uns am Ende dieses finsteren Freitags doch auch Anlass zur Hoffnung. Es gibt definitiv noch Anzeichen von Menschlichkeit. Darauf möchte ich mich konzentrieren, und mit diesem Gefühl verabschiede ich mich ins Wochenende.

[Titelbild: Pixabay]

---

Dieser Beitrag wurde mit dem Pareto-Client geschrieben und ist zuerst auf Transition News erschienen.

@ d62e8d04:569fa79c

In today's fast-paced digital world, where cyber threats are constantly evolving, and blockchain technology is reshaping industries, Privkey LLC emerges as a leader in providing cutting-edge solutions. Founded in 2018 and headquartered in Miami, Florida, Privkey LLC is dedicated to safeguarding businesses through its expertise in cybersecurity and blockchain technology. With over 20 years of experience in networking and the Internet, the company positions itself as a trusted advisor, helping organizations navigate the complexities of emerging digital landscapes.

A Mission to Secure the Digital Future

Privkey LLC’s core mission is to protect businesses by delivering high-quality, tailored solutions. Leveraging their deep understanding of cybersecurity and blockchain, they empower organizations to build secure, resilient, and compliant digital infrastructures. Whether it’s safeguarding sensitive financial data or ensuring the integrity of blockchain systems, Privkey LLC combines experience with innovation to meet the unique challenges of the modern era.

Comprehensive Services for a Digital World

Privkey LLC offers a diverse range of auditing and consulting services, focusing on some of the most critical areas in technology today. Below is an overview of their key offerings:

• Central Bank Digital Currency (CBDC):As nations explore digital versions of fiat currencies, Privkey LLC provides auditing services to ensure CBDC systems are secure, scalable, and compliant with regulatory standards.

• DeFi and CeFi (Fintech):Decentralized Finance (DeFi) and Centralized Finance (CeFi) represent the future of financial services on the blockchain. Privkey LLC offers expertise in auditing these systems, helping businesses mitigate risks and maintain trust in their financial operations.

• Cybersecurity:With cyber threats on the rise, Privkey LLC delivers robust cybersecurity solutions to protect digital assets and sensitive data from malicious attacks, ensuring businesses remain secure in an increasingly hostile digital environment.

• Distributed Ledger Technology (DLT):As the backbone of blockchain, DLT requires meticulous implementation. Privkey LLC audits DLT systems to ensure they are efficient, secure, and optimized for business needs.

• CryptoCurrency Security Standard (CCSS):For organizations handling cryptocurrencies, compliance with CCSS is essential. Privkey LLC provides certification services to verify adherence to these standards, fostering trust among users and stakeholders.

These services reflect Privkey LLC’s commitment to addressing the diverse needs of businesses operating in the blockchain and cybersecurity domains.

Staying Ahead in a Rapidly Evolving Industry

Privkey LLC doesn’t just provide services—they actively engage with the latest industry trends and innovations. Their team, including professionals like William K. Santiago, frequently shares insights on platforms like LinkedIn. Topics range from Jack Dorsey’s Block unveiling a new Bitcoin hardware wallet to sustainable Bitcoin mining powered by nuclear and solar energy. While these discussions may not directly tie to specific Privkey LLC projects, they demonstrate the company’s deep involvement in the broader blockchain and cryptocurrency ecosystem. This forward-thinking approach ensures their services remain relevant and cutting-edge.

A Trusted Partner with Proven Expertise

With over two decades of experience in networking and Internet technologies, Privkey LLC brings unparalleled expertise to the table. This foundation allows them to tackle the unique challenges of cybersecurity and blockchain with confidence. As cyber threats grow more sophisticated and blockchain adoption accelerates, Privkey LLC stands ready to help businesses secure their digital futures.

Conclusion

Privkey LLC is more than a consulting firm—it’s a pioneer in cybersecurity and blockchain solutions. By offering specialized auditing and consulting services, staying ahead of industry trends, and leveraging decades of experience, they empower businesses to thrive in a digital world. For organizations looking to secure their digital assets and embrace blockchain technology, Privkey LLC is a reliable partner poised to lead the way.

@ 3c506452:fef9202b

Kia ora mai ra ano e te iwi whanui!

Step 1: Find Your Why:

Going off my own experiences - if you are anything like me you will have the occasional boost of enthusiasm, and intense determination. This could last a couple days, or if you are fortunate, a few weeks. Afterwards, life kicks in again, and you're out of gas.

With this in mind it is important to find something within you that could help carry you along until the next boost.

Action Step:

So grab a pen and paper, and write out why you want to become a Te Reo speaker.

Step 2: Find The Quick Win:

I consider myself to be a speaker of the reo, but I am SO FAR AWAY from my ideal, my vision, which is to think only in the reo. It would be silly of me to only consider myself a speaker of the reo once I attained that goal. Now, a speaker of the reo is... "Someone who speaks it". It doesn't matter how little you know now, your effort and the time you put in won't let you down.

Action Step:

1. Follow this link > Ngata Dictionary
2. Type in a word in the "Ngata English to Māori" box then press search. For example, let's use "hello".
3. Copy the sentence in te reo.
4. Follow the link > Papa Reo API, paste the sentence then press korero.
5. Mimic what you hear!

This is a great way to practice speaking the reo! You can have 100% confidence in these sentences provided to you from the Ngata Dictionary. The Papareo API is also a fantastic way to get instant feedback on pronunciation.

@ eb0157af:77ab6c55

Connecticut halts all public investment in digital assets while other U.S. states move toward strategic bitcoin reserves.

Connecticut has taken a firm stance against digital assets by approving legislation that categorically prohibits all levels of state and local government from investing in Bitcoin and other cryptocurrencies.

On June 10, the Connecticut General Assembly published the final text of bill H.B. 7082, which has now become Public Act No. 25-66. The legislation was passed unanimously by both the House and the Senate, signaling bipartisan agreement on the need to keep public finances away from the cryptocurrency market.

The new law establishes an outright ban on government entities purchasing, holding, or investing in Bitcoin and other cryptocurrencies. It also prohibits the creation of any “virtual currency reserve” and the acceptance of crypto payments.

In addition to restrictions on the public sector, the State’s legislation introduces consumer protection measures for private individuals. Crypto businesses operating as Money Service Businesses will now be required to disclose all material risks associated with cryptocurrencies through “clear, conspicuous and legible writing in the English language.”

Another provision addresses the protection of minors: the new law mandates legal guardian verification for all users under the age of 18.

While Connecticut adopts a restrictive position toward digital assets, several other U.S. states are moving in the opposite direction. New Hampshire became the first state to pass a bill for a strategic bitcoin reserve, followed by Arizona.

The post Connecticut says no to Bitcoin: law approved banning state crypto reserves appeared first on Atlas21.

@ d68401a8:11aad383

Before AI, building a website posed a technological barrier. Not everyone was able to create even a simple contact page. It often meant paying for a yearly subscription (often too expensive for most), for templates that still required manual work, or paying even more to hire someone to do it for you.

Today, thanks to AI, building a website has become technologically accessible. Even if you still prefer to rely on a third-party company, the ease brought by AI is driving more competitive pricing.

In the domain world, before Handshake, owning a top-level domain (TLD) was economically out of reach. The application process set by ICANN was tedious and expensive. For most people, the only option was to rent a second-level domain, one not controlled by individuals and subject to whatever fees the TLD owner chose to charge.

Now, thanks to the Handshake DNS protocol, anyone can own a top-level domain and create an infinite number of second-level domains under it, at virtually no cost.

Owning a plot of land (a top-level domain) on the internet should be open and easy. Handshake aims to pave the way toward that vision, you can start to explore by using Namebase , Shakestation or Bob wallet .

@ 87f5ac31:60daf34c

hahahah 하블라 아유 오케이?

@ cae03c48:2a7d6671

Bitcoin Magazine

France’s The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy

Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe’s first Bitcoin Treasury Company, announced it has raised around €9.7 million through a mix of equity and convertible bond issuances. This move is part of their continued push to build out their Bitcoin Treasury Company strategy.

The Blockchain Group announces an equity and convertible bond issuance for a total amount of ~€9.7M to pursue its Bitcoin Treasury Company strategy

Full Press Release (EN): https://t.co/jjGOBswJsd

Full Press Release (FR): https://t.co/0Jwuv2sP7W

BTC Strategy (EN):… pic.twitter.com/mUVLHJduX5

— The Blockchain Group (@_ALTBG) June 12, 2025

The funding comes from multiple sources and was carried out through their wholly-owned Luxembourg subsidiary, “The Blockchain Group Luxembourg SA.” A major portion, about €6 million, was raised through a convertible bond issuance to TOBAM, with bonds priced at €6.24 per share. That price reflects a 30 percent premium over ALTBG’s closing price on June 9, 2025.

Ludovic Chechin-Laurans also came in with around €2.4 million, subscribing in BTC at a conversion price of about €0.7072 per share. This was part of a deal originally set up back in March 2025. If the stock price climbs 30 percent above that level, to around €0.919 over 20 consecutive trading days, he’ll have the option to convert into up to 3.4 million new ALTBG shares.

Adam Back also finalized his conversion of all OCA Tranche 1 bonds into 14.9 million ALTBG shares and subscribed to an additional 2.1 million shares for €1.16 million at €0.544 per share. 

“The Company recalls that Adam Back notified The Blockchain Group of his intention to convert all OCA Tranche 1 he holds, in accordance with the terms of the OCA Issuance Agreement entered into on March 4, 2025, the details of which were disclosed in a press release dated March 6, 2025, and which the Company now confirms has been definitively completed,” stated the press release.

TOBAM did the same, converting 1 million Tranche 1 bonds into 1.84 million shares and subscribing to 262,605 new shares for €0.14 million.

“Given the recent high volatility in the Company’s share price observed since the signing of the OCA Issuance Agreement, the conversion price of €0.544 reflects a discount of 89.52% compared to the closing price on June 12, 2025,” the press release added.

“These operations could allow for the potential acquisition of ~80 BTC, bringing the Company’s total potential holdings to ~1,611 BTC, including the proceeds from the potential completion of remaining operations announced in the press release dated May 26, 2025,” said the press release.

This post France’s The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ f0fd6902:a2fbaaab

What can't fungi do? Fungi come in all kinds of delightfully enchanting and bizarre forms and are the ultimate do-it-alls. Some of them are edible or medicinal; they help organic gardeners keep their gardens happy; they eat plastic, and they glow in the dark. Fungi-based biomaterials also have the potential to help us build more sustainable homes or make more eco-friendly products; heck, they can even talk to each other in their own secret language.

Not surprisingly, they can also make some interesting music, with a little help from Canadian musician Tarun Nayar, the mastermind who makes nature-inspired electronic music under the name Modern Biology.

Source: https://www.treehugger.com/modern-biology-musician-makes-music-using-mushrooms-7485168

Video with mushrooms sound like:

https://www.youtube.com/watch?v=EHwybeMXFAA&t=22s

https://stacker.news/items/1005531

@ b1e9b8df:07685594

OERTR steht für eine Art, freie Bildungsressourcen (Open Educational Resources) über das dezentrale Protokoll Nostr zu verbreiten, auffindbar zu machen und weiterzuentwickeln.

Statt zentraler Plattformen oder Silos nutzen wir Relays – offene Knoten im Nostr-Netzwerk – um Materialien, Metadaten, Annotationen und Kurse dauerhaft, hoch verfügbar und maschinenlesbar im interoperablen Datenraum verfügbar zu machen.

---

🚀 Unser Ziel

• OER auffindbar machen – über strukturierte Events (z. B. Kind 30023, 30142)

• Mitmachen ermöglichen – durch einfache Workflows mit git, Matrix & Nostr

• Bildung dezentral denken – jenseits von Plattformlogiken

• Metadaten lebendig halten – durch Community-gestützte Annotation & Remixbarkeit

---

🔧 Womit wir arbeiten

• 💬 Matrix zur Koordination & Diskussion

• 💻 git(hub) zur offenen Entwicklung und Dokumentation

---

📡 Mach mit!

➡ Nostr folgen:\ 👉 npub1k85m3haymj3ggjknfrxm5kwtf5umaze4nyghnp29a80lcpmg2k2q54v05a (nähere Infos auf https://github.com/edufeed-org/OERTR )

➡ Matrix beitreten:\ 🟢 #OERTR:rpi-virtuell.de\ https://matrix.to/#/%23OERTR:rpi-virtuell.de\ Zum Diskutieren, Planen, Ausprobieren.

➡ GitHub anschauen:\ 📂 https://github.com/edufeed-org/OERTR\ Mit Beispieldaten, n8n-Workflows, NIP-Verlinkungen & mehr.

---

🧠 Ideen zum Start

• 🔍 Indexe für OER-Projekte (z. B. OERinfo, rpi-virtuell, WirLernenOnline)

• 📚 Tagging-Events für Fachbereiche, Zielgruppen & Lizenztypen

• 🤝 Event-Verknüpfung mit Mastodon, Mobilizon, Wikidata

• 🧩 Mitdenken beim Aufbau eines offenen Bildungsraums via Nostr

---

📎 Beispiel: OER-Material posten

json { "kind": 30142, "tags": [ ["d", "https://example.org/oer1234"], ["r", "https://example.org/oer1234"], ["subject", "Ethik"], ["author", "Max Mustermann"], ["license", "CC-BY 4.0"] ], "content": "Material zur Gewaltfreien Kommunikation für die 5. Klasse" }

💡 Fragen? Ideen?

Wir freuen uns über Feedback, Pull Requests oder ein einfaches "Hallo!"\ ➡ Schreib uns im Matrix-Raum oder auf Nostr .

OERTR – ein Netzwerk. Kein Silo.

@ efc2b6e5:99c53c19

AI companies massively influence society by projecting their values on ML models, whether we want it or not. It'd be great if at least some people in the companies knew how exactly they influence society, could make certain predictions, or even make ML models themselves predict users' worldviews and some of their behavior.

Some might argue that AI systems already do something like that. I believe they could do it much better: chatbots could be more balanced in terms of security (they are definitely overcensored) and recommender systems, for instance, could contribute to healthy personal and collective transformations (rather than just competing in ability to steal users' attention and trap it in the echo chambers).

Reductionism is an obstacle in AI development

Even most reliable knowledge doesn't solve some of the problems that are already in demand. Even least reliable knowledge still may contain something useful for our problems. While we lack reliable and noncontradictory knowledge, we can still benefit from certain synthesis of working ideas. There's approach that makes it possible to look at the knowledge from a very broad perspective, do such synthesis, and benefit from emergent properties of the synthesis.

Integral (Meta-)Theory created by Ken Wilber is probably the best known attempt to enable the possibility to form and navigate the big picture understanding in a hope to address issues of the epoch we've recently entered.

IMO it has certain challenges that make it repellent to IT:

1. Fundamental psychological theories on which the Integral Theory is based are still pretty fragile; they need time to become mature enough and recognized (while it doesn't look like we have that time). There are endless edit wars on Wikipedia, which makes me feel depressing about possibilities to even introduce Spiral Dynamics and Multiple Intelligences to IT people.
2. Emphasis on controversial interpretations of certain arational states of consciousness.

It's hard to address the first challenge; however, I recently discovered a new “secularized” Non-Reductionist Philosophy launched by David Long, which, among other things, uses wisdom from Integral Theory and attempts to address the second challenge. I'm glad that there are people who don't just criticize the Integral Theory, its community and Wilber's positions but are also developing the new meta-theories.

NR can also be a good way to get familiar with other meta-theories, so one could choose whatever works the best for their problems. For instance, if you're working on something as exotic as some competitor to EEG-powered meditation device, perhaps you will find Integral Theory relevant to study as well, since it's more focused on the states.

I'd like to point out a couple of moments I noticed in the video "Why Non-Reductionism Is A Better Meta-Theory" that caught my attention, as well as in some other older videos. There's not much to comment on the content itself rather than on the form of the content. This feedback might be used for improvements/elaborations in the next videos and just for everyone curious about the new meta-theory. But first

Why do I post here?

Specifically for the deep topics that relate to the current epoch, I no longer find engaging in the YouTube/FB/Reddit/Diqus/Giscus/etc. discussions useful anymore, at least due to broken and almost omnipresent AI-based censorship, that keeps “improving” at randomly shadow-banning people. How many deep and valuable opinions we no longer see?

BTW, it's possible to create Reddit-like communities here at Nostr as well, using Satellite client for example. I believe it's a better place for NR, Rebel Wisdom and many others.

References to full materials used for criticism

There are curious clips with Wilber in the video. It'd be great to have links in the description (or at least titles of the full videos if it's copyrighted material) so viewers could easier form their own independent opinions. I find it important during the age of information overload and narrative warfare. This will also improve SEO.

Emergentism FAQ

There's a strong position on emergence of consciousness; it seems it's not even a hypothesis in NR and I guess that makes some people so reactive.

I think it would be great to have an FAQ page to possibly make future debates more ecological and fruitful. Some of the things that could be elaborated in the FAQ:

• importance of distinction between philosophical theory (inductive reasoning? or actually deductive reasoning? I'm confused here) and scientific theory (deductive reasoning)
• the fact that for now counterarguments usually fall into the categories of “ignorance fallacy”, “false equivalency fallacy” and “God of the gaps” which aren't something sufficient; the whole point of challenge was to find at least a logically valid counterposition (ideally a counterposition that is sound with currently available scientific ~~facts~~ theories), not the nitpicking attacks
• what kind of emergence is meant, is it important here at all and why.

Debates moderation

Probably most of the debates converge to consensus, which are fruitful anyway. There are a few interesting conflicting debates as well. However, I found this specific conflicting debate with Matt Segall quite exceptional.

Matt's position was not understood. He was more interested in a dialogue rather than debates and I think it would be more productive. However, in this specific case, my guess is it would literally take hours to just figure out the common language on a certain concept he mentions.

My humble guess is that a combination of negotiator and moderator with a primary perceiving personality type function (if typologies work at all) could be a step to more meaningful and ecological dialogues in the future. But such negotiator/moderator should also be skilled enough to reflect most challenging parts using more “rational language” as best as possible. These people are rare. Basically I mean the style of dialogues that happened between theoretical physicist David Bohm and Indian philosopher Jiddu Krishnamurti: IMO these were the talks where both sides at some point were barely transcending limitations of their languages and focusing more on intuition in order to understand each other. Much fuzzier and spontaneous dialogues, which aren't prematurely limited by too harsh rationality. Similar thing (with shorter periods of negotiation) could be combined with debating as well.

I hope NR community will be open to understanding more perspectives and won't end up turning into something like a cold and scary crystallization of rational arrogance; that would be damaging and quite opposite to the healthy intentions of the whole project.

Final thoughts

I like the clarity and density of the presented ideas in the video, the choice of lines of development in the map and the alternative to the Integral Methodological Pluralism. I like the mentioned interpretation of “free” will, very much resonates with how I personally interpret it. Tritone-ish devilish sounds in the cons sections is a nice aesthetic choice as well.

I guess there's a lot to learn from NR, no matter what positions we hold on the “rational spirituality” and that sort of stuff. Just to avoid projections and misunderstandings: I'm in a neutral position to all the post-postmodern discourses (NR, Integral, Metamodernism, etc.); I care about these philosophies, make my own distinctions on what's healthy or not, and my positions don't necessarily perfectly match with some of the claims these philosophies make.

Thank you David Long for launching this philosophy and the movement; I'm looking forward to the next videos!

I'd appreciate reposts and all this as well, thanks!

@ 5d4b6c8d:8a1c1ee3

Boy howdy! We're getting some good finals games in the NBA and NHL. I imagine that will occupy most of our discussion.

Do we expect these teams to be contenders next year too or is this their window?

I now need Indy to pull off the win, if I'm going to win our bracket challenge. In the event of an Indy win, @grayruby hilariously shot himself in the foot with his pick for MVP in the points challenge (there's a fun little econ lesson there).

We are starting to transition into offseason mode, though: starting with the Knicks post mortem.

Aaron Judge has a ludicrous 87% chance of winning the AL MVP this year. Also, @Jer is demolishing me in fantasy this week.

Predyx has some exciting new sports markets up. I may have gotten a bargain on some Euro Rules Football outcomes just a few minutes ago.

We'll also recap the ongoing contests and discuss whatever else stackers want to hear about.

https://stacker.news/items/1005467

@ eb0157af:77ab6c55

Treasury Secretary Bessent foresees a promising future for stablecoins pegged to the US dollar.

During a US Senate hearing held on June 11, Treasury Secretary Scott Bessent confirmed that the market for US dollar-backed stablecoins has the potential to surpass the $2 trillion mark within the next three years.

“I believe that stablecoin legislation backed by U.S. treasuries or T-bills will create a market that will expand U.S. dollar usage via these stablecoins all around the world,” the government official stated.

Bessent reiterated the administration’s commitment to strengthening the dollar’s status through USD-denominated stablecoins.

GENIUS Act gains ground

The legislative process received a boost after the Senate voted to advance the stablecoin bill, moving it closer to a final vote. The GENIUS Act, once approved, will establish strict requirements for the stable digital currency sector.

The bill mandates that stablecoins must be fully backed by US dollars or assets with equivalent liquidity (Treasuries). It also requires annual audits for issuers with a market capitalization exceeding $50 billion and includes specific provisions regarding the issuance of these cryptocurrencies abroad.

Stablecoins and the financial system

The stablecoin sector is drawing increasing interest from banking institutions. Bank of America is preparing to launch its own stablecoin, while Circle — issuer of USDC — went public this month, with shares surging 235% on its first trading day.

Currently, US dollar-pegged stablecoins account for over 96% of the entire stable digital currency market.

The post Stablecoins: market could reach $2 trillion by 2028, says Bessent appeared first on Atlas21.

@ 99e7936f:d5d2197c

“Dieser Beitrag wurde mit dem Pareto-Client geschrieben.”

„BORN TUBI FREE“   statt   „VIEL FREE“

Ja, Sie haben richtig gelesen.

Bildung hatte in meinem Elternhaus keinen hohen Stellenwert. Für meine Eltern war es erstrebenswert, ein gutes Heim mit großem Garten, etwas Komfort und gutes Essen zu haben. Sowohl mein Vater als auch meine Mutter hatten starken Bezug zur Landwirtschaft und Nutztierhaltung. Tiere, die keinen Nutzen hatten, waren in den Augen meiner Eltern Luxus. Auch für mich ist es heute wichtig, Zugang zu Grün und zur Natur zu haben. Ich liebe Tiere, die keinen Nutzen haben, und Pflanzen aller Art. Im Sommer stundenlang unter dem Blätterdach eines alten Baumes zu liegen und dem Knacken der Äste zuzuhören, ist für mich Glück.

In meiner Kindheit gab es blökende Schafe und Lämmer statt Klavierunterricht. Wir kletterten bei der Obsternte auf den Baum oder sammelten Fallobst statt im Sportverein zu turnen. Statt Büchern gab es Besuche bei Tante und Onkel, die Geschichten von früher erzählten. Und statt Museumsbesuchen gab es die Werkstatt meines Vaters und das Hobby meiner Mutter, alte Möbel zu sammeln und selbst zu restaurieren. Die Themen des Lebens lernte ich nicht durch Theateraufführungen kennen, sondern durch den Alltag und die Menschen in meiner unmittelbaren Umgebung.

Durch die Schule kam ich erstmals in Kontakt mit der Möglichkeit, dass man Dinge auch abstrakt-theoretisch lernen konnte. Schule war für mich auch ein Ort, an dem ich ganz nebenbei das Sozialverhalten anderer Menschen studieren konnte. Das war für mich als Kind und Teenager ein wichtiges Korrektiv. Aber vor allem habe ich über die Schule gelernt, dass es eine ganze Welt zu entdecken gab, die mir bis dahin unbekannt war. Bildung war für mich nie etwas, mit dem man angibt. Bildung war für mich ein Geschenk, eine Überraschung, eine Freude, ein Anfang von etwas Neuem, eine Hoffnung, manchmal eine Angst, es nicht zu schaffen, aber immer wieder eine Quelle von Verstehen und neuen Fragen. Bildung ist für mich heute eine riesige Landkarte, die ich nach Herzenslust bereisen kann, wenn ich mag. Auf meiner Landkarte gibt es noch so viele weiße Flecken. Ich habe mein Abitur mit 29 Jahren ohne die emotionale Unterstützung meiner Eltern nachgeholt. Meine Eltern ahnten schon, dass sich nach dem Abitur ein „teures“ Studium anschließen würde. Auch das war in ihren Augen Luxus, denn ich hatte ja bereits eine Ausbildung.

Nach dem Krieg hatten viele Menschen gar nicht die Möglichkeit, Schulbildung zu erlangen. Im Vordergrund stand, einen guten Job zu finden, Kinder zu bekommen und etwas aufzubauen, ein Haus zu bauen, sich Urlaub im sonnigen Süden leisten zu können. Frauen, die in den 60er Jahren nicht heirateten und stattdessen studieren wollten, waren in der Welt meiner Eltern nicht sichtbar. Bildung war eine stille Sehnsucht, an die man nicht mal im Traum denken durfte, so kam es mir in meiner Familie als Teenager manchmal vor. Das muss mit dem materiellen Mangel meiner Eltern in ihrer Kindheit zu tun gehabt haben. Ich habe dieses Phänomen auch bei den Eltern von Freunden oder bei Verwandten beobachten können. Materieller Wohlstand schien wichtiger als irgendwelche fernen Ziele und Horizonte. Erst mit fortschreitendem Alter fingen meine Eltern an, sich hobbymäßig und theoretisch zu bilden. Sie besuchten zwar keine Kurse in der Volkshochschule, aber sie kauften sich Sachbücher zu den verschiedensten Themen oder machten Kulturreisen in die neuen Bundesländer. Das war für sie der pure Luxus. Sie besuchten Schlösser und Burgen, mein Vater liebte es, in rustikaler Umgebung oder in historischen Gebäuden an schön gedeckten Tischen zu essen, während meine Mutter die Holzmaserung der Möbel genau betrachtete und befühlte.

Da ich diesen „Bildungsluxus“ aber deutlich vor meinem Rentenalter haben wollte, nahm ich die zähen Diskussionen mit meinen Eltern wegen einer finanziellen Unterstützung meines Studiums in Kauf. Bildung ist ein Grundbedürfnis von Menschen, das von ganz allein entsteht, wenn es nicht aktiv unterdrückt wird. Das hat die Evolution vermutlich so angelegt, damit man ab und zu auch mal das Gewohnte verlässt, um Neues zu entdecken, weil Flexibilität die Überlebenschancen der Spezies erhöht.

Bildung ist ein Grundbedürfnis, und das machen sich natürlich auch die dunklen Kräfte auf dieser Welt zu Nutze.

Das heutige Bild, das ich zum Artikel gewählt habe, habe ich vor ein paar Wochen in dem Viertel, in dem ich wohne, mit der Kamera aufgenommen. Auf einem Plakat konnte ich „VIEL FREE“ in großen Buchstaben lesen und war sprachlos. Ich wusste gar nicht, was mich so bestürzte, als ich das Plakat sah. Aber ich spürte, dass ich dieses Plakat im Bild festhalten musste, weil irgendeine tiefe Botschaft darin lag, die ich mitnehmen sollte. Manchmal verstehe ich Dinge erst intuitiv und anschließend kognitiv.

Dieses Plakat ist eine Werbung für irgendeinen Freizeitpass o.ä., den man in unserer Region erwerben kann. Aber der Anbieter wirbt mit einer bewusst falschen Rechtschreibung (VIEL FREE). Da ich nicht aus einem Bildungshaushalt komme, könnte mir das herzlich egal sein. Aber was mir nicht egal ist, ist das Gefühl, das ich beim Lesen dieses Plakats bekam. Das war ein Gefühl von einem vollen Nachttopf, den man mir über den Kopf schüttet und dabei noch hämisch grinst. Das Plakat hat mich spontan empört.

Ich dachte sofort an die Geflüchteten aus Syrien und Afghanistan, mit denen ich vor ein paar Jahren gearbeitet hatte. Sie hatten dermaßen Stress mit dem Erlernen der deutschen Sprache gehabt. Oft waren die „Lehrer“ in den Sprachkursen keine ausgebildeten Lehrer gewesen. Die Familienväter und die Teenager der Flüchtlingsfamilien fielen teils mehrmals durch die Prüfungen und hatten Angst, deshalb von der Behörde nicht zum regulären Arbeitsmarkt bzw. zum Gymnasium zugelassen zu werden. Die Mütter blieben zum Glück gelassener. Die bestandene Sprachprüfung war die offizielle Voraussetzung für die Teilnahme am ersten Arbeitsmarkt, so hieß es damals zumindest. Wer den Abschluss nicht hatte, erhielt keine Hilfe beim Schreiben einer Bewerbung. Das „Konzept“ der Maßnahme zur Vermittlung in Arbeit, in der ich damals tätig war, sah dies so vor. Ich kann mich noch lebhaft an die Auseinandersetzung mit meinem Kollegen erinnern, die ich deshalb damals hatte. Diese Logik erschloss sich mir nicht, denn man lernt Sprache doch am besten dort, wo man lebt UND arbeitet. Aber zurück zu dem Plakat. Was ich zum Ausdruck bringen möchte, ist, dass es insbesondere in dem Viertel, in dem ich wohne, viele Menschen mit ganz unterschiedlicher Herkunft und mit Kriegserfahrung gibt, die nicht sicher sind in der deutschen Sprache, für die es nicht hilfreich ist, dass Plakate mit einer fehlerhaften Rechtschreibung für etwas werben. Und von der zynischen Qualität dieses „VIEL FREE“ rede ich noch gar nicht.

Wie soll man in einem Land, das man neu kennen lernen möchte und muss, weil man aus einem Krieg geflüchtet ist, die Sprache lernen, wenn man bewusst fehlerhafte Rechtschreibung vorgesetzt bekommt? Und den angeblichen Wortwitz verstehen doch die meisten gar nicht, weil sie, wie gesagt, weder im mündlichen noch im schriftlichen Sprachausdruck sicher sind. Und niemand möchte sich lediglich „frei fühlen“, sondern lieber tatsächlich „frei sein“, oder nicht? Und echte Freiheit hat sicherlich auch nichts mit irgendeiner Plastikkarte zu tun, mit der ich einen Erlebnispark oder ein Spaßbad aufsuchen kann.  

„Frei sein“ bedeutet für mich, dass ich nicht durch psychologische Tricks für etwas interessiert werde, das mich von echter Freiheit ablenken und abhalten soll. Echte Freiheit braucht auch sicherlich keine Plastikkarten mit personenbezogenen Daten. Echte Freiheit bedeutet, dass ich NICHT aus meinem Heimatland durch Krieg vertrieben werde, sondern dass ich mein Leben (und meine Freizeit) nach Lust und Laune so gestalten kann, wie ich das will. Und dazu gehört mehr als ein Besuch im Erlebnispark des Landes, in das ich geflüchtet bin, um zu überleben. Dazu gehört, dass ich die Sprache vor Ort verstehe und selbst sprechen kann, dass ich ein respektierter Teil der Gesellschaft werde, dass ich die gleichen Chancen bekomme wie die anderen, dass ich die finanziellen Mittel habe für Bildung, guten Wohnraum mit Garten und was auch immer, dass ich mobil bin, und dass ich, insbesondere als junger Mensch, meine Familie und eine vertraute Gruppe von Freunden um mich habe. Also „frei sein“ bedeutet, NICHT aus meiner Heimat weggebombt zu werden.

In meiner unmittelbaren Nachbarschaft leben unbegleitete minderjährige Flüchtlinge in einer Wohngemeinschaft zusammen. Das sind höfliche Jungs so um die 16/17 Jahre. Sie lernen die Welt und das Leben gerade erst kennen. Sie haben keinen leichten Start gehabt, sind aber neugierig auf dieses neue Land, in dem sie nun leben. Sie grüßen freundlich und probieren die neu erlernte Sprache aus. Solche Plakate direkt vor ihrer Haustür sind nicht hilfreich. Diese Plakate versuchen, junge Menschen mit ihrem ganz normalen Bedürfnis danach, Neues zu erleben, abzuholen und in eine aktionsreiche Scheinwelt zu entführen, in der es vermeintlich Freiheit und ganz VIEL Spaß gibt. Solche Plakate sind für mich keine unschuldige Werbung für einfache Freizeitgestaltung. Solche Plakate sind einerseits der dezente Wink in Richtung Konsum und andererseits kognitive Platzhalter, mentale Füllstoffe.

VIEL FREE mit Plastikkarten ist in meinen Augen ein aufdringliches Angebot für willkommene Schmerzvermeidung durch Konsum. Es ist Angriff auf Sprache und Denken. Es richtet sich an junge Menschen, die das, was sie in den letzten Jahren hier oder woanders erleben mussten, vergessen möchten. Nach Kriegen oder staatlichen Übergriffen, so wie in der sogenannten Corona-Zeit, geht es immer für fast alle Beteiligten um das Vergessen. An diesem Punkt sind sich die Dynamik von Trauma einerseits und die Täterstruktur andererseits leider immer einig. Deswegen hat es ja auch in der deutschen Vergangenheit funktioniert, Konsum als Schmerzpflaster auf Wunden aller Art zu kleben.

VIEL FREE ist für mich ein trauriges Zeitdokument, das meine Aufmerksamkeit gefunden hat, weil es das Gegenteil von Freiheit, Genießen, Gemeinschaft und vielem mehr darstellt.

VIEL FREE hat mich an meine Eltern in jungen Jahren und ihre Sehnsüchte erinnert, eine traumatisierte Generation, die alles dafür getan hat, materiellen Wohlstand zu generieren, um sich endlich wieder emotional sicher fühlen zu können.

VIEL FREE erreicht nicht die Herzebene, weil es nicht von Herzen kommt.

VIEL FREE ist eine kostengünstige Zucker-LÖSUNG, die den kleinen Hunger und die stille Sehnsucht nach Heimat, Zugehörigkeit, Sicherheit, Frieden, Glück und vielleicht auch nach Bildung stillen soll. Aber sie macht genau das, was Zucker macht. Sie macht nicht satt, sondern weckt den großen Hunger. Man konsumiert dann das Falsche mit all den Folgen, die das hat. Es ist schwer, aus solchen Kreisläufen wieder raus zu kommen.

Wem dienen diese ungesunden Kreisläufe?

Wem dient dieser Konsum, der nicht satt macht?

Wem dient das Vergessen einer traumatischen Jugend?

Was denkt man alles NICHT, während man mit VIEL FREE als mentalem Füllstoff beschäftigt ist?

Was fühlt man alles NICHT, während man Loopings auf der Konsumschiene dreht?

Was macht man alles NICHT, was außerhalb der vorgezeichneten Freizeitzone liegt, aber auch Spaß macht?

Was ist die gesunde Alternative für junge Menschen, egal welcher Herkunft?

Wie können Angebote insbesondere für junge Menschen, die traumatisiert sind, aussehen?

Wo kann man als junger Mensch kostenlos und ohne eine Institution oder ein „Konzept“ im Nacken mit Gleichaltrigen in der Freizeit „abhängen“ und nebenbei Schafe, Obstbäume und andere Menschen aus sicherer Entfernung beobachten?

Wo gibt es solche unschuldigen Oasen?

Wo kann man Trauma „heilen“ oder zumindest die Voraussetzungen für spätere Selbstheilung schaffen?

Wo wird man nicht mit Zucker-LÖSUNG angefixt?

Wo kann man lernen, den eigenen Körper, die eigenen Gefühle nach Trauma wieder zu spüren, zu regulieren und sich dadurch wirklich frei zu fühlen?

Wer vermittelt der nächsten Generation eigentlich, was wir (in den letzten fünf Jahren) gelernt haben?

Vielleicht geht das erstmal über praktische Angebote, über das persönliche Erleben und später dann über theoretische Bildung. Man muss den Wert von Schafen und Bäumen nicht sofort theoretisch erklärt bekommen. Für den Anfang reicht es, wenn man Zugang zu Schafen und Bäumen bekommt und lernt, wie andere mit Schafen und Bäumen umgehen, also Lernen am Modell. Es müssen auch nicht unbedingt Schafe und Bäume sein, das ist, wie Sie bereits gemerkt haben, nur eine Metapher.

Mich haben Schafe und Bäume in gewisser Weise gerettet. Sie haben mir Verbindung angeboten. Ich konnte diese Verbindung am eigenen Leib spüren. Ich konnte spüren, dass ich bin und auch erahnen, wer ich wirklich bin. Sie waren mir ein verlässliches Gegenüber in schwierigen Zeiten, sie haben mich so oft beruhigt, getröstet und gehalten. Die Natur hört zu, wenn keiner mehr zuhört. Sie nimmt Dich an, egal wer Du bist. Sie bewertet Dich nicht. Sie ist unendlich geduldig und ein super Lehrer für alle Fragen, die einem als Kind so einfallen können. Sie weckt Deine Aufmerksamkeit, Deine Neugier, Deinen Wunsch zu Lernen und zu Verstehen. Sie lenkt Dich ab. Die Natur unterrichtet Dich ganz beiläufig. Ihre Sprache ist das kreative Spiel und die Fülle. Diese Anbindung an die Natur hilft mir bis heute, mit Herausforderungen aller Art klarzukommen. Wenn ich nicht weiter weiß oder mich beruhigen möchte und muss, dann gehe ich in die Natur. Danach ist nicht jedes Problem sofort gelöst, aber ich bin wieder zuversichtlich, dass ich auch diese Welle nehmen kann und über Wasser bleibe. Ich spüre mich dann mit all meiner Kraft als einen Teil dieser Welt. Und genau das wünsche ich vor allem den jungen Leuten in meiner Umgebung, die noch so viel vor sich haben.

Du bist geboren, um Dich als einen Teil dieser Welt kraftvoll und frei zu fühlen.

Du bist ein Stück von dieser Natur, die jeden Tag kreativ spielt und immer reichlich von allem hat.

Man sagt: „Schau auf den Horizont, wenn die Wellen hochschlagen.“

Für mich bedeutet das: Wenn Du Dich mit der Natur verbindest, dann hast Du Orientierung, dann fühlst Du Dich selbst. Und wenn Du Dich und Deine angeborene Stärke fühlst, dann bist Du frei. Dann kann Dir kein Problem etwas anhaben. Die Natur heilt sich und Dich jeden Tag auf`s Neue.

BORN TO BE FREE.

BE FREE.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

“Dieser Beitrag wurde mit dem Pareto-Client geschrieben.”

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.

\ Newsletter per Mail (Die Friedenstaube)\ hier abonnieren\ \ In Telegram lesen -> hier unsere Kanäle\ https://t.me/pareto_artikel \ https://t.me/friedenstaube_artikel \ \ Als Feed in einem Feed-Reader \ https://pareto.space/atom/feed.xml \ https://pareto.space/atom/de_feed.xml \ https://pareto.space/atom/en_feed.xml

@ e096a89e:59351479

Here’s how to make the perfect soft boiled egg in seven minutes using ice water.

Video: https://v.nostr.build/gODN4ihoJal4EhuA.mp4

1. Grab your eggs.

2. Fill a pot with water, put it on high heat, and bring it to a boil.

3. While waiting, fill a bowl with ice and water. Set it aside.

4. Once the water is boiling, gently add the eggs.

5. Start a timer for 7 minutes.

6. When 7 minutes are up, transfer the eggs into the ice water bowl.

7. Let them sit for a couple of minutes before peeling.

(Optional) Make peeling fun - see how big of shell pieces you can get.

1. After peeling, put the eggs back into the ice water for a few more minutes. *This helps them firm up slightly while keeping the yolk soft but not runny.

2. Sprinkle with sea salt flakes and enjoy with whatever you like.

Give a zap if you enjoy this sort of content, and if this yielded good results for you :)

@ 2cde0e02:180a96b9

pen & ink; monochromized

tools used

https://stacker.news/items/1005456

@ 5d4b6c8d:8a1c1ee3

Here's a video about the Pacers' offensive adjustments to OKC's extraordinary defense:

https://youtu.be/1LF2Sd1jTXQ

This finals matchup probably has the highest level team basketball I remember seeing.

https://stacker.news/items/1005445

@ 0403c86a:66d3a378

Exciting news for FOOTBALL fans ⚽! Global Sports Central 🌐 is teaming up with Predyx, a leading prediction market in the Bitcoin ecosystem, to bring you comprehensive coverage of the very first Club World Cup directly on Nostr. This partnership is all about enhancing your experience with the latest news, insights, and interactive features!

The Club World Cup will showcase the best clubs from around the globe, and with our collaboration, you’ll be fully engaged in the action. Predyx focuses on long-term outcomes, allowing you to make predictions on who will win it all. Plus, if you’re not happy with your predictions, you can sell your shares at any time and switch allegiance—after all, it’s a free market!

What You Can Expect:

• Latest News and Match Reports: Stay updated with the latest news, in-depth match reports, and insights from the tournament, ensuring you never miss a moment.

• Market Odds Tracking: Follow the shifts in market odds in real-time, giving you the edge when making predictions and engaging with the action.

• Player of the Day Card: Celebrate standout performances with our Daily Player of the Day card, highlighting the top players from the tournament.

• Game oN Frontpage: Each day, we’ll feature the frontpage of the day, showcasing the most historical matchups and capturing the feel of the game.

• Best Moments Replays: Relive the excitement with replays of the best moments from the Cup, so you can catch all the highlights and unforgettable plays.

• Long-Term Predictions: Engage with Predyx to forecast who will win the tournament and who will take home the MVP award, allowing you to make strategic predictions as the tournament unfolds.

• Easy Login System: Getting started is a breeze! All you need is a Lightning wallet to log in and participate, making it simple for everyone to join in on the fun.

• Lightning-Fast Bitcoin Payments: With the Lightning Network, placing your bets and making predictions is faster and easier than ever. Enjoy seamless transactions while you cheer for your favorite teams!

"Predyx is excited to be part of this innovative partnership," said Derek. "We’re bringing fans a new way to interact with the game they love, all while using the fast and secure Lightning Network."

Predyx is a Bitcoin-native prediction market platform running on the Lightning Network. We’re building the fastest, most trust-minimized betting engine in the world — no deposits, instant payouts, sats-native, and degen-friendly.

Global Sports Central 🌐 Your daily spin around the sports world 🔄 Stay in the loop with the latest scores, stories, and stats.

GSC360 - Where Every Angle Matters

@ 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

@ eb0157af:77ab6c55

The new communication protocol aims to improve the industry with measurable advantages in terms of efficiency and security.

A new study conducted by Hashlabs, in collaboration with the SRI (Stratum V2 Reference Implementation) team and figures like Matt Corallo, Alejandro De La Torre and others reveals how the Stratum V2 protocol can increase miner profitability compared to the current Stratum V1 standard, used for over a decade.

Speaking to Atlas21, Gabriele Vernetti, Stratum V2 maintainer, declared:

“This first case study demonstrates how much Stratum V2 can help miners as well, securing and increasing their profits, in addition to the rest of the network. It’s just a first study aimed at demonstrating how decentralization can be aligned with the profit dynamics typical of the mining sector.

In the future we will also focus on the benefits for mining pool operators, who can benefit from the protocol’s efficiency to lower their operating costs (such as those for bandwidth used by their servers).

The feedback has been very positive: this first study was a joint work with various market players, including miners and mining pool operators. As SRI we want to continue working together with the entire community as done in this case, becoming a reference point for all actors interested in innovating the Bitcoin mining field”.

The research, based on controlled tests with two identical ASIC S19k Pro, with stock firmware, demonstrates that Stratum V2 can increase net profits by up to 7.4%. For an industry that often operates with 10% margins, this could represent a substantial competitive advantage.

The V2 protocol reduces various inefficiencies that plague the current system. The latency in block switching, that is the waiting time created when a miner must change block template after a new block has been mined on the network, goes from 325 milliseconds to just 1.42 milliseconds, a speed 228 times higher. This translates to about 4.9 hours of completely wasted hash power less per year.

Another problem of modern mining concerns “stale shares” – proofs of work that arrive too late to be remunerated, often due to network latency or inefficient communication. However, not all stale shares depend on inefficiency problems. On average, about 2% are rejected for expected reasons, such as when the share doesn’t reach the minimum difficulty required by the pool. This value is considered normal in the sector. The remaining 98%, instead, is caused by avoidable delays. With Stratum V1, miners lose between 0.1% and 0.2% of their computing power this way. Stratum V2 with Job Declaration completely eliminates this waste, provided that the miner and the pool node have the same level of connectivity. This step could translate into a net profit increase of up to 2% by fully adopting Stratum V2 with Job Declaration.

In the Stratum V2 protocol, the Job Declaration Client (JDC) is software that allows miners to receive mining jobs directly from their local Bitcoin node, that is the block templates to work on. The JDC communicates directly with the miner’s local node, receiving updated data for new block construction and immediately sending them to the mining software via Stratum V2. This allows miners to receive jobs in real time from their own node, without having to wait for them from the pool, reducing latency and the risk of working on obsolete jobs. Furthermore, if the pool allows it, miners can build custom templates choosing which transactions to include in the block.

The research also highlights an often overlooked aspect: the loss of transaction fees. With the Stratum V1 protocol, miners lose about 0.75% of potential fees for each block due to the delay in receiving new jobs. Considering that about 52,560 blocks are mined each year, this loss per block adds up to a total of about 74 bitcoins per year, equivalent to over $8 million at current prices.

Beyond economic advantages, Stratum V2 solves a critical vulnerability of the current system: hashrate hijacking. The V1 protocol doesn’t encrypt communications, allowing attackers to intercept and steal up to 2% of computing power without the miner noticing. The new protocol eliminates this risk through end-to-end encryption and authentication.

According to the study, by reducing latency, optimizing share sending and improving security, Stratum V2 enables a potential net profit increase of 7.4%, derived exclusively from technical improvements.

The post Stratum V2 increases profits by 7.4%: “The study shows that profit and decentralization can coexist”, says Vernetti, SV2 maintainer appeared first on Atlas21.

@ ae9dc5ef:77f0ed87

I'm excited to announce that Nostr Game Engine just reached its first development milestone: v0.0.

What is Nostr Game Engine?

Nostr Game Engine is built on top of the modular and proven jMonkeyEngine.

What sets it apart? Its internals are being gradually replaced with Nostr-powered modules, turning it into a reference engine purpose-built for decentralized games.

This first release delivers these key capabilities:

Peer-to-Peer Networking

Forget centralized game servers. Nostr Game Engine gives you real P2P multiplayer, using WebRTC for data streaming and Nostr relays for coordination.

Want to dig deeper? This is a draft NIP that is a revised version of this other draft NIP, that details how the signaling works.

WebRTC is already a solid and reliable peer-to-peer protocol, equipped with a full set of NAT traversal capabilities, but its signaling phase typically relies on specialized central servers.

By coupling WebRTC with Nostr, we take signaling decentralized too by relying on a network of dumb public relays that are oblivious to what encrypted data we send to them and are easily replaceable.

(see the documentation for more info)

Nostr Authentication & Gamertags

NGE has a fully managed Nostr Auth flow, with support for NIP-49 encrypted local nsecs and  NIP-46 remote signers.

It also fully handles metadata, including external identities:  your profile picture, display name, and other details can carry over between games, and even from other Nostr clients and communities.

This release is also introducing Gamertags: persistent gaming handles tied to your Nostr pubkey. They are like Xbox Gamertags or the old Discord handle, but they’re decentralized and follow you across any game that supports them (check this draft nip for more info).

Match Making

While matchmaking is planned for a later milestone on the roadmap, this release ships with an early implementation to help test RTC connections.

This initial implementation has the APIs to create lobbies that are discoverable and optionally password-protected. Players can search and filter for lobbies using both client-side and relay-side filtering, depending on what the relay supports.

Right now, you can’t see how many players are in a lobby, and the feature is still a bit rough around the edges, but it's a solid start, and more improvements are coming as we move further along the roadmap.

The cool part? You don’t even need to know Nostr is running under the hood. The engine exposes simple APIs like createLobby, findLobbies, and connectToLobby, the developer can call them when needed, and the engine handles all the relay querying and data stitching behind the scenes.

(see the documentation for more info)

A new Nostr Client Library

The engine uses a new Nostr client library built from scratch, designed for performance, asynchronicity, and memory efficiency. It’s lean, fast, and built to be the foundation for everything that comes next.

Cross-Platform and language of choice

The entire codebase is written mostly in Java, and it builds natively for Linux, macOS, and Windows.

Support for Android, iOS, and Web Browsers is on the roadmap.

What has been built so far?

• Version 0.0, with the core features mentioned above

• Documentation covering the key components of the engine

• An app template to help bootstrap projects and experiment with the engine

• An high performance and portable nostr client library

• A tech demo (more on that later)

So now, you can get a real feel for the engine, see what it does, play around with it, and maybe even start experimenting with your own ideas.

Roadmap

This is just the beginning. There is a full roadmap on the website.

Upcoming milestones include ads, deeper identity features, and tools that make decentralized game development as smooth as possible.

Sea of Nostriches

This is a demo built for this release. 

You start alone in an open ocean with a boat, nothing much at first. 

But as soon as another player joins (another peer), your boat begins sending data directly to theirs via peer-to-peer communication. You’ll see this visualized as a stream of numbers moving between boats in game.

If you have a profile picture set, it’ll automatically appear on your boat’s sail, and you’ll see others’ profile pictures on theirs.

That’s the core of it. 

It is not a real game, as there is nothing really to do, no lag compensation, no score etc… but it is a decent reference, and an “integration test” for this release.

There’s a lot more going on behind the scenes, like how the ocean is simulated or how rendering is handled, but that’s beyond the scope of this post. You can check out the full source code on GitHub, along with native builds for all supported platforms and a portable JAR.

---

That’s all for now! Huge thanks go to nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqypu8xwr40lp96ewdj2fef408wy70gd3carf9n6xu7hrnhq6whpgly925h0z for making this possible. Their support allows me to dedicate full-time effort to this project and contribute to the growth of the Nostr ecosystem.

---

Check out the website at ngengine.org and browse the docs at ngengine.org/docs if you want to dig deeper.

Feel free to come up with any questions. I’ll do my best to answer.

@ 7460b7fd:4fc4e74b

从“出行规则”看监管逻辑与比特币的制度之道

FATF“出行规则”的治理逻辑与监管者的苦衷

金融行动特别工作组（FATF）在2019年推出“Travel Rule”（出行规则），试图将传统银行体系的反洗钱规制延伸至加密资产领域complyadvantage.com。这一规则要求虚拟资产服务商（VASPs）在转账过程中收集并传递交易双方的身份信息，使这些信息如同“随行护照”般伴随资金流动complyadvantage.com。其背后的治理逻辑不难理解：随着加密货币跨境使用的激增，监管者担心加密交易的匿名性为洗钱、恐怖融资提供了便利通道complyadvantage.com。因此，FATF将传统金融领域的第16号建议（关于跨境电汇信息）更新，明确要求加密交易同样附带发送人和接收人的姓名、地址等识别数据complyadvantage.comcomplyadvantage.com。这一举措体现了监管机构的苦衷：在犯罪分子利用技术躲避监管的现实下，他们感到有责任“补上漏洞”，即便这意味着套用旧有的银行规则到全新的区块链技术上。

然而，落实出行规则绝非易事。首先，不同司法管辖区行动步调不一，FATF多次批评各国实施进度缓慢，许多国家尚未将该规则转化为国内法complyadvantage.com。即使在已经执行的地区，监管部门也面临两难：既要防止非法资金流动，又担心过严管制扼杀金融创新。监管者的“苦衷”在于，他们既害怕被视作纵容犯罪，又担心被指责扼杀技术进步。出行规则要求VASPs收集详尽的客户身份信息，并在交易时与对方机构共享，这在实践中遇到技术和隐私保护方面的阻碍trisa.io。一些国家（如瑞士、新加坡）甚至在无最低金额门槛的情况下要求对所有交易执行该规则，欧盟更规定即使收款方是私人自管钱包也必须提交信息trisa.io。这种高标准加重了行业合规负担，使守法企业叫苦不迭，而不法分子则可能转入地下或转向无监管区域继续活动。可以说，监管机构陷入“猫抓老鼠”的困境：不推行吧，担心放任犯罪；推行过严吧，又恐打击面过广。正因如此，FATF在其2024年报告中承认出行规则的全球落实“严重滞后”complyadvantage.com，这既反映各国执法能力的差异，也凸显了此规则本身在新技术环境下的水土不服。

全球跨境资金与信息的系统性压制

出行规则的推行，从宏观上看是在全球金融体系施加新的“信息围墙”。一方面，它将原本开放的价值互联网重新划分为受监管的透明区和未监管的黑箱区。凡是跨过一定金额门槛（FATF建议为1000美元/欧元）的交易，都必须在链上绑定用户的实名信息complyadvantage.com。这意味着个人的资金流动和身份信息被深度绑定并广泛共享，一举打破了加密货币原有的准匿名特性。这种做法固然提升了追踪非法交易的可能性，但也埋下了系统性压制的隐患。正如业界联盟TRISA所警告的那样，将出行规则机械地套用于公开区块链，实则打造了一个集中存储个人隐私与财富信息的“数据金库”，极易成为黑客、犯罪组织甚至敌对政府垂涎的目标trisa.iotrisa.io。因为在传统银行体系下，账户账本是私密的，第三方难以直接获取交易明细；而在区块链上，一旦将姓名、地址等个人识别数据与公开的钱包地址关联，任何人都能通过链上记录分析出个人的财富状况和社交图谱trisa.io。这种对跨境资金和信息流动的全面记录与监控，实质上构成了对个人金融自由的系统性压制：人们在国际转账时不得不暴露隐私，否则交易将被拒之门外。更有甚者，一些国家已将这一逻辑无限延伸，例如中国公安机关提示即便一笔1000 USDT（泰达币）的转账都有可能被列入重点监控名单binance.com。当连如此小额的个人跨境交易都被严密审查时，金融交易所承载的信息自由流动已大打折扣。

从制度批判的视角看，这种全球范围的信息管制源自某些法律传统下对国家主权和税收控制的执念。在大陆法系传统中，国家往往通过成文法律对经济活动实施自上而下的强力规范，历史上形成了构筑信息壁垒以巩固主权和财政的路径依赖。例如许多大陆法系国家长期实行外汇管制和资本流动限制，以防范资金外逃、维护本国税基。这种做法虽出于主权自主的考虑，却与自由贸易要求的要素自由流动天然矛盾。研究表明，不同法律体系的国家在经贸合作模式上偏好迥异，法律传统差异往往成为国际经济一体化的无形藩篱，甚至导致经济关系的割裂cogitatiopress.com。典型案例如中国，对加密资产和稳定币采取高压监管，正是延续了其在资本项目下的信息管控传统。2024年链上数据显示，中国境内USDT跨境流动规模同比激增400%，日均交易额超过50亿美元binance.com。大量民间资金试图借助稳定币绕开官方的外汇管制，形成了一条隐蔽的“数字资金高速公路”binance.com。对此当局迅速祭出国家安全大旗，不仅将无证出入境资金视为重大风险隐患，甚至明确指出USDT等稳定币已成资本无序外逃的工具，必须强力封堵binance.combinance.com。在这一背景下，FATF出行规则等于为各国提供了一个合法理由，在全球范围内实施对跨境资金与信息的联合围堵：以打击洗钱之名，行资本管制之实。这套机制所产生的结构性效果，是在国际金融体系中嵌入了一种“默认不信任”的基调——跨境资金流动被一律视为潜在不法，必须层层验证、记录在案。其结果不仅压抑了资金与信息的自由流通，也为公民个人头上加装了“数字镣铐”，让人们在国际经贸往来中丧失匿名行动的选择权。

隐私协议的滥用：区块链匿名性的两面

在区块链世界中，隐私与匿名性原本被视作一项珍贵的技术特性，代表着去中心化金融对个人隐私权的尊重。然而，当缺乏法理自洽性和契约中立性的支撑，这种匿名性工具却易被犯罪集团所劫持，成为逃避监管的温床。以太坊上的“Tornado Cash”混币协议就是前车之鉴。作为一个去中心化的匿名交易服务，Tornado Cash初衷在于增强用户隐私，但由于缺少必要的合法约束和内部控制，一再被不法之徒利用：自2019年成立以来，该协议已被用于清洗超过70亿美元的犯罪收益，其中包括朝鲜黑客组织“拉撒路集团”在攻击Axie Infinity游戏桥后盗取的4.55亿美元secrss.com。2022年美国财政部更指出，尽管开发者声称Tornado Cash只是中立工具，但其并未采取哪怕基本的措施来阻止服务被反复用于恶意洗钱secrss.com。最终，美国OFAC直接将Tornado Cash列入制裁清单，以此警示加密行业：缺乏法理支撑的匿名协议，终将因为被滥用于洗钱而招致严厉监管惩罚secrss.com。

类似的情况也发生在波场（Tron）等链上。一些基于Tron的混币机制号称提供端到端加密、零知识证明等技术手段来隐匿交易来源sites.google.com。表面上看，这些系统满足了用户追求隐私的需求，但在现实中却成为电信诈骗、网络赌盘等犯罪链条的最爱。联合国毒品和犯罪办公室2024年的报告披露：Tron区块链上的泰达币（USDT）已成为网络诈骗、洗钱、非法赌博的首选工具int-comp.org。犯罪分子之所以偏爱Tron上的USDT，正因为它具备价格稳定、跨境转账手续费低、速度快等优势，可以在不引人注目的情况下快速大额转移资金int-comp.org。链上分析亦显示，高风险USDT转账有高达83%无法追溯最终去向，犯罪团伙通过混币器、地址拆分等技术手段把资金搞得支离破碎，以至于监管部门难以跟踪binance.com。这背后反映出一个发人深省的现象：当一套隐私工具本身没有内置中立的契约约束（如合法用途的限定或责任追踪机制），那么它的匿名性越强，越可能被不法势力挟持利用。波场USDT的大规模滥用已经引起各方警觉，Tron项目方甚至与稳定币发行商和区块链分析公司合作，成立“T3打击犯罪特别小组”，截止2024年底已冻结逾1亿美元涉嫌犯罪的USDTtrmlabs.comcointelegraph.com。可见，当匿名性的武器落入犯罪网络之手，技术提供者也不得不被动介入“事后补救”，这恰恰说明当初设计时若缺乏法理上的自我约束，最终仍要以行政手段清理残局。

隐私协议被滥用的另一面，还体现在某些区块链应用与既有法律文化格格不入。以太坊上的去中心化预测市场「Polymarket」提供了一种赌博式合约交易平台，用户可以下注现实事件的结果。然而从伊斯兰教法视角看，这类“预测市场”无异于赤裸裸的**赌博（Maysir）**行为——参与者纯粹为了不确定事件的结果赌上一把财富，得利者以他人损失为代价，没有创造任何实际价值blog.zoya.financeblog.zoya.finance。根据伊斯兰金融原则，任何脱离实体经济、以纯粹机会为基础获取收益的交易都被视为不道德且明令禁止blog.zoya.finance。因此，Polymarket之类的平台与伊斯兰法对契约合法性的根本要求完全不兼容。这提醒我们：区块链技术的创新若缺乏契约中立性（即契约不偏离基本的公平与道义原则），就容易触犯某些法律或宗教的底线，从而被视作无效甚至有害的合约。无论是Tornado Cash这样的匿名洗钱温床，Tron链上被诈骗集团操控的资金暗道，还是Polymarket式的“去中心化赌场”，这些系统都凸显出当技术试图凌驾法律和伦理时所面临的巨大风险。它们要么被政府如临大敌般封杀（正如Tornado Cash遭制裁），要么被正义力量反制清理（如Tether冻结波场诈骗资金reuters.com），要么在道义上遭到主流文化的排斥（如伊斯兰世界视预测赌博为禁忌）。这一系列教训昭示：区块链生态中的隐私与创新，必须建立在法理自洽和契约中立的基础上，否则技术越前卫，反噬也越猛烈。

比特币的保守式创新：技术中立与合约合法性的统一

在区块链的众多创新中，比特币无疑是一个特殊的存在。它被称为“保守派的创新”，乃因其在开创数字货币新时代的同时，恪守了一些朴素但持久的原则。首先，比特币的设计追求技术中立。中立并不意味着纵容匿名滥用，而是指比特币网络对任何参与者一视同仁，仅仅按照既定算法规则处理交易，无内置偏见或特殊权限。比特币交易记录公开透明，所有交易在全球共享的账本上广播确认，其匿名性是“假名制”（pseudonymous）而非无法穿透的黑箱。事实上，正是由于比特币交易记录可被区块链分析工具去匿名化，在过去几年中我们看到犯罪团伙对比特币的兴趣有所降低，反而转向了Monero等完全匿名币或Tron-USDT等更隐匿便捷的手段int-comp.orgint-comp.org。Chainalysis的最新报告显示，2024年稳定币已经取代比特币成为犯罪分子使用的主要加密货币，占非法交易量的63%，而比特币在非法用途中的占比显著下降int-comp.orgint-comp.org。这个趋势从反面印证了比特币系统“公开且中立”的特性天然抑制了部分洗钱和犯罪滥用：任何人在比特币区块链上大额频繁作恶，都更容易被全球监管机构捕捉线索，留下破案的蛛丝马迹。

其次，比特币体现了交易确定性和契约精神的统一。在法律体系（尤其是英美普通法和伊斯兰教法）中，一份契约要具有合法性，核心在于当事各方自愿、条款清晰且不违背基本道德。比特币网络上的交易契约以代码方式自动执行，一旦双方签名广播，交易即被不可篡改地记录，一切权利义务随即完结。这种**“交割即结算”的机制提供了绝对的确定性，杜绝了传统金融中常见的赖账、拒付、无限制 chargeback（退款）等不确定因素。比特币不需要中央中介担保信用，依靠分布式共识来保证交易的最终性，这种确定性契合了普通法系对契约履行的重视：契约一旦成立即应严格履行，不得任意毁约。更值得注意的是，比特币没有利息（riba）和债务膨胀的设计**，2100万枚的恒定供应和逐步减半的发行机制，使其更接近一种数字商品而非通过债务衍生的货币nasdaq.com。在伊斯兰金融原则下，收取或支付利息被视为不公正，属明令禁止的行为，而比特币的货币体系天生规避了“利息”的概念nasdaq.com。同时，比特币交易公开透明，每一笔转账都记录在链上且需双方同意才能发生，这与伊斯兰教法要求交易双方充分知情、协商一致的原则不谋而合nasdaq.comnasdaq.com。尽管有人担忧加密货币的投机性带来不确定性（Gharar），但那更多是市场行为层面的波动，而比特币协议本身的运作是清晰明确、不含欺瞒的nasdaq.com。在穆斯林学者看来，如果加密货币被用于合法且善意的目的，它并不必然违反伊斯兰金融核心原则nasdaq.com。例如，中东一些创新项目已尝试将区块链用于公益和慈善，对每笔币交易提取天课（宗教捐献）用于慈善基金，以确保技术符合伊斯兰伦理nasdaq.comnasdaq.com。这种做法其实与比特币“协议中立、用途开放”的精神一致——技术本身不预设善恶关键，在于使用者是否将其用于合乎道义的契约。

换言之，比特币之“保守”，保守在它选择做“数字黄金”而非肆意重塑社会契约。它遵循价值储藏和交换媒介的基本定位，没有内置复杂的金融衍生功能，也不鼓励凭空创造信用泡沫。这种克制让比特币能够较自然地融入现行法治框架：作为一种私人财产和交换工具，比特币交易遵循“你情我愿，金额确定”的简明契约模型，各法域只需按财产或货物的属性去规范它即可。在英美法下，比特币已逐渐被法院视为可执行财产权益，盗窃比特币等同于盗窃有形财物来惩处。伊斯兰世界中，越来越多学者承认比特币具有财产价值，可以作为货币或商品使用，只要不用于赌博等不法用途，即可被视为“清洁”的财富。在迪拜等地，监管机构也探索制定符合沙里亚原则的加密货币监管指南，承认比特币等作为投资和支付工具的地位。这一切说明，比特币的核心设计没有违背人类社会关于契约正当性的根本要求——公平、自愿、透明，以及不伤害无辜第三方的利益。相比之下，许多后来的加密项目试图在隐私、金融工程上“开历史倒车”，结果反而凸显出比特币朴素设计的高明之处：它为维护基本道义预留了空间，通过公开透明防范了极端滥用，用技术手段恢复了契约的确定性和中立性。

历史视角：数字黄金如何推动正和博弈

历史的眼光往往能够校准当下的纷争。在货币演进的长河中，每当权力过度介入导致“恶币驱逐良币”时，人类总会试图寻回更公正稳健的交换媒介。16世纪格雷欣法则（劣币驱逐良币）揭示出，当政府滥铸货币、削减贵金属含量时，真正有价值的硬币（良币）便会被人们藏匿起来，劣币充斥市面yilinhut.netyilinhut.net。但值得深思的是，格雷欣现象并非不可逆的自然规律，而是统治者操控货币所致的扭曲。正如有学者指出的：“劣币驱逐良币并非市场自发，而是‘政府用劣币驱逐良币’的缩影；一旦能够摆脱政府的控制，这一定律就会失效，比特币恰恰旨在让货币摆脱政府控制，让良币重归市场”yilinhut.net。比特币作为现代数字黄金，其出现为全球经济提供了一种从新回归良币的可能。它不隶属于任何单一国家，其价值不依赖特定主权信用背书，而源于全球共识和算力保障的稀缺性。从国际贸易角度看，比特币类似于跨境结算中的黄金或白银——当两个国家缺乏互信或不愿接受对方货币时，完全可以通过比特币这种“中性资产”进行价值锚定交换，从而避开法币汇率波动和政治干预的风险。近年来，一些案例显示，比特币在地缘冲突或关税战背景下扮演了避险工具的角色：有分析指出，由于比特币不受制于特定国家的贸易政策，投资者把它视为对冲关税风险的手段，当贸易争端导致股市下跌时，比特币反倒逆势上涨，展现出独立于国际贸易格局的价值定位nai500.com。这印证了比特币作为“数字黄金”的一个要义：在国家壁垒与货币战争横生的世界里，它提供了一种超脱政治藩篱的价值载体，使得资金能够在更大程度的自由中逐利避险。

更深一层看，比特币蕴含着推动全球从零和博弈走向正和博弈的制度潜能。传统的法币体系常常被国家间博弈所挟持：各国竞相贬值本币以刺激出口、通过货币超发转嫁债务，这种你输我赢的零和心态导致国际金融秩序暗流汹涌。而比特币的兴起为“货币互信”提供了新范式。设想一个场景：若若干主要经济体将比特币纳入储备或结算体系，它们之间反而可能降低竞争性贬值的冲动，因为谁也无法单方面增发比特币来占便宜，大家只有共同维护其价值稳定才有利可图。这种在公开透明规则下的竞争，更接近“正和游戏”，即各方通过合作都能获益，而非此消彼长。有人将比特币视为一种“人类道义契约”，意指它不是某强权逼迫他国接受的货币（如历史上的殖民通货），而是全球无数个体自愿选择的价值共识。它的运行不依赖枪炮和法律强制，而靠的是对规则的信任与技术的确保。可以说，比特币构筑了一个前所未有的“自愿制度”：人人遵守21万块区块的发行上限和去中心化共识，这本身就是人类史上少见的跨文化、跨政治的合作现象。当这种制度逐步深入国际贸易和金融关系，我们有理由期待一个更公平的格局：劣币不再轻易驱逐良币，反而诚实守信的货币会赢得更广泛的使用；国家壁垒不会彻底消弭，但各国将更难通过封锁金融信息来要挟他国或剥夺公民，因为人们手中握有主权无法轻易触及的价值锚。

当然，比特币并非万能良药，它也会经历价格周期波动、面临技术升级挑战。然而，从历史视角出发，它承载的意义堪比现代版的黄金/白银——一种超越民族国家、服务于全球贸易和人类福祉的价值尺度。当年金本位体系在19世纪促进了世界贸易的繁荣，那是因为金银天然具有防范滥发的属性，使各国币值维持相对稳定。而比特币有望在21世纪承担类似的角色：在数字时代为世界提供一个防止无序贬值和信用滥用的“价值中轴”。这不仅是经济议题，更是道义命题。正如卢梭等思想家描述的社会契约，只有当制度建立在自愿与道义基础上，才能实现持久的正和博弈。比特币所体现的，就是这样一种自下而上凝聚的制度工具：它让个人与个人之间、国家与国家之间有机会基于共同利益而非强制权力来协作。一旦“良币”不再总是被逐出市场，人类就可能跳出过去那种劣币横行、以鄙胜良的怪圈，迎来金融领域的道义复归。

结语：拥抱创新契约，重塑监管范式

当下，FATF的出行规则所代表的监管思路与比特币所代表的技术革新，正站在历史的对立面上交锋。一方以安全与主权之名筑墙设限，另一方以中立与自由之实开辟新径。本文从制度批判的角度剖析了出行规则背后的治理逻辑与局限，揭示了过度管制对全球资金与信息流动的系统性压制，也反思了隐私技术在缺乏法理支撑时被滥用的教训。与此形成鲜明对照的是，比特币作为“保守式创新”的范例，展现出通过技术中立与契约确定性来天然抑制犯罪、兼容多元法统的独特优势。历史的回声告诉我们：真正良好的制度应当是使善者获益、恶者难存，其出发点是信任合作而非恐惧防范。

面对这一新旧范式的碰撞，立法者和监管者理应有所醒悟。与其穷尽手段构筑高墙、不惜牺牲公民自由来堵截风险，不如顺应技术发展的大势，拥抱那些内生具有道义契约性质的创新。在反洗钱和金融稳定目标下，监管可以也应该与技术“正和博弈”：鼓励像比特币这样透明中立的系统发挥正面效应，同时针对真正的黑箱匿名工具精确打击；在国际合作中，以开放心态探索新的全球货币协议，避免陷入零和的管制竞赛。只有这样，我们才能既防范“劣币”作乱，又让“良币”留在市井，形成一个既有秩序又有自由的金融生态。比特币之所以令无数持有者怀抱信念，不仅因为其经济价值，更因为其背后蕴含着对更公正更自由的制度可能性的期待。这份期待正在转化为现实的政治倡议，推动立法和监管的变革。在不久的将来，当我们回望今日，或许会发现：正是这一场关于“出行规则”与“数字黄金”的争论，催生出金融治理范式的转折点——让人类第一次有机会以合作共赢的契约，去取代那延续千年的强权博弈。

参考文献：

• FATF. What is the FATF Travel Rule? ComplyAdvantagecomplyadvantage.comcomplyadvantage.com

• TRISA. Recommendations to FATF for Virtual Assets Travel Ruletrisa.iotrisa.io

• E安全. 美国对朝鲜黑客关联加密货币Tornado Cash实施制裁secrss.comsecrss.com

• Rezaul Karim. Stablecoins: The new epicentre of crypto fraud, ICAint-comp.org

• 币圈线人. 凌晨三点的USDT警报：当稳定币变成资本外逃的「数字高速公路」binance.combinance.com

• 最高检. 依法惩治跨境电信网络诈骗及其关联犯罪典型案例spp.gov.cn

• Zoya Finance. Election Betting Markets: Halal or Haram?blog.zoya.finance

• 胡翌霖. 为什么比特币不适用格雷欣法则（劣币驱逐良币）？yilinhut.net

• Reuters. Tether says it has frozen $225 mln linked to human traffickingreuters.comreuters.com

• NAI500财经. 再创历史新高的比特币，究竟是科技股还是“数字黄金”？nai500.com

• Nasdaq. How Cryptocurrency Aligns with Islamic Financenasdaq.comnasdaq.com

@ f0fd6902:a2fbaaab

https://stacker.news/items/1005372

@ fe820c8e:d2d76f04

Course Main Title

This is your course initialization stub.

Please see the Docs to find out what is possible in LiaScript.

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Первоначально создан в 2004 году Джоном Грубером (англ. John Gruber) и Аароном Шварцем. Многие идеи языка были позаимствованы из существующих соглашений по разметке текста в электронных письмах...

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Quizzes

A Textquiz

What did the fish say when he hit a concrete wall?

[[dam]]

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Just add as many points as you wish:

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[[ ]] Empty ones are wrong.
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A drawing example, for demonstrating that any JavaScript library can be used, also for drawing.

```javascript // Initialize a Line chart in the container with the ID chart1 new Chartist.Line('#chart1', { labels: [1, 2, 3, 4], series: [[100, 120, 180, 200]] });

// Initialize a Line chart in the container with the ID chart2 new Chartist.Bar('#chart2', { labels: [1, 2, 3, 4], series: [[5, 2, 8, 3]] }); ```

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You can make your code executable and define projects:

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@ f0fd6902:a2fbaaab

From my end, it s not one thing but a sentence:

A borderless world in a decentralized economy, where age, sex, race, religion... have not labels in a society where human are sovereigns.

https://stacker.news/items/1005361

@ b1ddb4d7:471244e7

Square, the payments platform operated by Block (founded by Jack Dorsey), is reporting 9.7% bitcoin yield on its bitcoin holdings by running a Lightning Network node.

The announcement was made by Miles Suter, Bitcoin product lead at Block, during the Bitcoin 2025 conference in Las Vegas. Suter explained that Square is earning “real bitcoin from our holdings” by efficiently routing payments across the Lightning Network.

Square’s yield comes from its role as a Lightning service provider, a business it launched two years ago to boost liquidity and efficiency on the Lightning Network. According to Lightning Labs’ Ryan Gentry, Square’s 9% yield could translate to roughly $1 million in annual revenue.

The Lightning Network, a Bitcoin layer-2 protocol, has long been promoted as a solution to Bitcoin’s scalability and transaction speed issues. It enables micropayments and off-chain transactions, reducing congestion on the main blockchain. However, the network faces challenges, including the need for inbound liquidity—users must lock up BTC to receive BTC—potentially limiting participation by smaller nodes and raising concerns about decentralization.

Despite these hurdles, Square remains committed to advancing Bitcoin payments via Lightning. Suter revealed that 25% of Square’s outbound bitcoin transactions now use the Lightning Network. The company is actively testing Lightning-based payments at the Bitcoin 2025 event and plans to roll out the service to all eligible Square merchants by 2026.

Suter emphasized the transformative potential of Lightning:

“When you enable real payments by making them faster and more convenient, the network becomes stronger, smarter, and more beneficial. So if you’re questioning whether bitcoin is merely an asset, the response is no. It has already evolved into both an asset and a protocol, and now Block is spearheading the initiative to transform it into the world’s premier payment system.”

Square’s ongoing investment in Lightning signals its belief in Bitcoin’s future not just as a store of value, but as a global payments protocol.

@ f0fd6902:a2fbaaab

The Pallas cat wasn’t known to live on Mount Everest until a National Geographic Expedition in 2019 made a surprising discovery. The research team, made up of scientists from eight different countries, unexpectedly found Pallas feces in the Sagarmatha National Park in Nepal. “It is phenomenal to discover proof of this rare and remarkable species at the top of the world,” said Dr Tracie Seimon of the Wildlife Conservation Society’s Zoological Health Program.

These irritated-looking kitties live at high elevations throughout Asia and are considered “super predators,” meaning they are extremely successful at catching their prey. Analysis of scat revealed the feline is surving on pika within the mountain region.

https://stacker.news/items/1005336

@ f0fd6902:a2fbaaab

Panpsychism is the view that mentality is fundamental and ubiquitous in the natural world. The view has a long and venerable history in philosophical traditions of both East and West, and has recently enjoyed a revival in analytic philosophy. For its proponents panpsychism offers an attractive middle way between physicalism on the one hand and dualism on the other. The worry with dualism—the view that mind and matter are fundamentally different kinds of thing—is that it leaves us with a radically disunified picture of nature, and the deep difficulty of understanding how mind and brain interact. And whilst physicalism offers a simple and unified vision of the world, this is arguably at the cost of being unable to give a satisfactory account of the emergence of human and animal consciousness. Panpsychism, strange as it may sound on first hearing, promises a satisfying account of the human mind within a unified conception of nature.

For more details: https://plato.stanford.edu/entries/panpsychism/

https://stacker.news/items/1005324

@ 866e0139:6a9334e5

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

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

---

Israel hat eine umfangreiche Serie von Luftangriffen auf den Iran gestartet.

Die westlichen Medien übernehmen natürlich unhinterfragt die faktenfreie Behauptung der israelischen Regierung, dass diese Angriffe „präventiv“ waren.

Das Trump-Regime versucht, dies als einen völlig einseitigen israelischen Angriff darzustellen, der nichts mit den Vereinigten Staaten zu tun habe - eine Behauptung, die man durchaus glauben könnte, wenn man gestern geboren wäre.

Hier ist eine Liste von Schlagzeilen, die wir in Zukunft von der New York Times erwarten können:

• Iranische Angriffe erschüttern Israel in einem unprovozierten Angriff.

• Israelische Familien suchen Schutz bei antisemitischem Terroranschlag.

• Israelischer Verteidigungsminister: US-Campus-Demonstranten wussten irgendwie von iranischen Angriffen im Voraus, was auf eine Koordination mit Teheran hindeutet.

• Trump äußert privat seine Frustration mit Netanjahu über den Iran-Konflikt, dem die USA nur passiv und unschuldig beiwohnen.

• Amerikanische Juden fühlen sich inmitten der sich zuspitzenden Kriege im Nahen Osten verunsichert und nicht unterstützt.

• Meine Meinung: Ich habe bei den Luftangriffen auf Tel Aviv um mein Leben gefürchtet. Niemand auf der Welt kann sich vorstellen, wie das ist.

• Meinung: Besteht die Gefahr, dass die USA in einen weiteren Krieg im Nahen Osten hineingezogen werden?

• Meinung: Stolpern die USA in einen weiteren Krieg im Nahen Osten?

• Meinung: Stolpern die USA versehentlich in einen weiteren Krieg im Nahen Osten?

• Meinung: Werden die USA mit Füßen getreten und in einen Krieg im Nahen Osten hineingezogen, den sie seit jeher um jeden Preis zu vermeiden versuchen?

• USA starten Präventivschlag gegen den Iran.

• Ihre Meinung: Werden die USA in einen dritten Weltkrieg hineingezogen?

• Meinung: Taumeln die USA kopfüber in einen nuklearen Schlagabtausch mit Russland und China?

• Meinung: Der Himmel verdunkelt sich, während nukleare Strahlung über unser Land kriecht, deshalb müssen wir alle zusammenkommen und die Hamas verurteilen.

• Meinung: Die Erde ist ein unfruchtbares Ödland. Nichts bleibt übrig. Schauen Sie nach Ihren jüdischen Freunden.

Dieser Text erschien zuerst auf englisch auf dem Substack-Blog der Autorin.

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

@ 9ca447d2:fbf5a36d

Bitcoin Core Github page announced yesterday that Core Developers have merged pull request #32406, removing support for “-datacarrier” argument for Bitcoin Core software in their next release, expected to be published in October.

Pull request #32406 has been merged — Github

This is the latest development regarding the initiative brought forth by Bitcoin Core developer Peter Todd, which has caused intense debate among Bitcoiners, now known as the “spam wars”.

The disagreement is over a change to Bitcoin Core’s transaction relay policy that removes the OP_RETURN data limit, which some see as a threat to Bitcoin’s very purpose, while others see it as a necessary step to preserve decentralization and censorship resistance.

OP_RETURN is an arbitrary piece of data that can be amended to a bitcoin transaction, and used to be limited to 80 bytes. Users have found ways to go around this limit already and have uploaded larger data to the Bitcoin blockchain, including photos, audio, and even entire computer games.

Bitcoin Core allows for extra arguments when running the application, one of which is the “-datacarrier” argument, which tells the application to not accept transactions including larger OP_RETURN data into its mempool.

Now this argument is marked as “deprecated”, meaning it is not supported or developed anymore, and is expected to be completely removed in future versions.

This will make accepting Bitcoin transactions that contain non-financial data mandatory for anyone running future versions of the Core software.

Prior to the merging of the mentioned pull request on the morning of Monday June 9, a joint statement from 31 Bitcoin Core devs was released on June 6, reheating the already controversial debate in the Bitcoin community.

In the June 6 statement, Bitcoin Core devs explained how they think Bitcoin nodes should handle transactions that include non-financial data, like digital art or messages. This type of data has become more common with Ordinals and inscriptions.

Related: Discussions Heat Up Among Bitcoin Devs Over OP_RETURN Proposal

Core developers said they are not endorsing non-financial use of Bitcoin, but also won’t stop it. Their main point is that Bitcoin’s strength is in being open and censorship-resistant. They wrote:

“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.”

They say it’s up to users and node operators to decide what kind of Bitcoin software they run. Bitcoin Core won’t block transactions that have economic demand and will be mined.

“Being free to run any software is the network’s primary safeguard against coercion,” the statement added.

The policy change goes back to a May 8th upgrade (announced by Core contributor and Engineer at Blockstream, Greg Sanders), where devs removed the long-standing 80-byte limit on OP_RETURN output size.

This limit was meant to discourage non-payment data usage, but devs say it no longer serves that purpose.

“Retiring a deterrent that no longer deters” makes sense, they argue, because people have already found ways to add large data to the blockchain.

They also point out that removing the cap may help miners and users more than it hurts. They claim the new approach helps predict which transactions will be mined, speeds up block propagation and helps miners find fee-paying transactions.

“Knowingly refusing to relay transactions that miners would include in blocks anyway forces users into alternate communication channels,” they explained, warning this could harm decentralization.

The response has been mixed.

The announcement of the merge received 64 upvotes and 93 downvotes from reviewers, showing the community is mostly against this action. Comments explaining their dissatisfaction with the merge also received the support of the majority.

Reviewers who voted ACK (acknowledgment and agreement) were downvoted, and the comments voting NACK (disagreement) received more upvotes.

Comments regarding the recent merge — Bitcoin Core Github page

Critics say it opens the door to blockchain spam, higher fees and more bloat on the blockchain with non-financial content. They say Bitcoin should stick to its original purpose as a “peer-to-peer electronic cash system”.

Samson Mow, CEO of JAN3, was one of the most vocal critics. He said the devs are removing the barriers that protect the network from spam.

“Bitcoin Core devs have been changing the network gradually to enable spam,” Mow said. “It’s disingenuous to just say ‘It is what it is now, too bad’.”

Bitcoin dev Luke Dashjr also criticized the move, saying it undermines Bitcoin’s core function. He called the devs’ goals “basically all wrong” and said expecting spam to be mined is “defeatism”.

Luke Dashjr on X

One user said: “It’s Bit”Coin” not Bit”Bucket” or Bit”Store” or whatever general purpose data store you have in mind. It’s a peer to peer electronic cash system”.

Another user chimed in, warning it could increase costs, reduce efficiency and even hurt long-term scalability.

Their argument is simple: if nonfinancial data is allowed to be stored on the blockchain, it will increase its size over time, storing useless data, and it will hurt decentralization, as fewer individuals will be able to host the entire blockchain on their computers.

They argue allowing people to store whatever they want on the blockchain because transactions shouldn’t be censored, will lead to hurting bitcoin in the long run. Many even argue no additional information should be allowed on the blockchain at all.

But not everyone is unhappy.

Some like Jameson Lopp, co-founder of Bitcoin wallet provider Casa, praised the devs for being transparent and consistent.

“Core Devs are a group saying we can’t force anyone to run code they don’t like,” Lopp said. “Here is our thinking on relay policy and network health.”

Lopp believes a joint statement helps the public understand what the devs stand for.

Supporters also say in a truly decentralized system, devs shouldn’t be gatekeepers. Instead users and miners should be able to decide what goes on the blockchain.

With opinions so divided, the future of Bitcoin may be more contentious. Some predict a fork to create a version of Bitcoin that only deals with monetary use. Others expect new wallet and node software that lets users choose to filter out large data or allow it.

Despite the controversy, the devs are standing by their decision. “While we recognize that this view isn’t held universally,” they said. “it is our sincere belief that it is in the best interest of Bitcoin and its users.”

@ d5ca7093:549ad1ec

I recently decided to create my own personal brand website—something simple with a clean landing page, contact info, links to my work, and a blog. The idea was straightforward: when you meet people in real life or connect online, you need a reliable, consistent place they can go to learn more about you. Social media platforms aren’t built for that—they’re noisy, crowded, and ultimately not under your control.

As we shift into a decentralized digital future, owning your own website is one of the easiest and most powerful moves you can make. Social media pages are just websites owned by someone else. TikTok, Instagram, YouTube—they all serve specific functions, but there’s nothing stopping you from creating your own platform. If you make videos, host a video gallery. If you write, post your own blog. You don’t need to depend on Twitter or Medium to get your thoughts out. Open-source tools and modern frameworks make it easier than ever to replicate what these big platforms do—on your terms.

This shift is already visible with platforms like Nostr and Mastodon, which promote the idea of identity and communication without central ownership. Your website can be a central node in that ecosystem. Unlike a profile on a platform that can vanish overnight, your domain name is portable and permanent. You can point it anywhere—your own server, a decentralized network, or a new platform that respects user autonomy. That kind of control is only possible when you own your digital real estate.

In fact, I believe domain names are the next evolution of usernames. They’re already being used that way on services like BlueSky and Mastodon. A domain name isn’t just a web address—it’s a digital identity. It can be your contact card, your blog, your portfolio, and even your inbox. In a decentralized world, owning a domain is like planting a flag. It says: this is mine.

The deeper truth is that these centralized platforms are incentivized to keep you inside their ecosystem. They harvest your data, limit your reach unless you pay, and can suspend or ban your account without warning. When you build on their land, you play by their rules. When you build on your own land—your website—you make the rules. You decide what gets seen, what gets featured, and what data gets collected.

And let’s talk discoverability. While social media relies on algorithms and trends to push your content, your website can be indexed and searched globally on your terms. SEO tools, schema markup, and open metadata standards let you control how your content appears across the web. Add analytics, email capture, or even push notifications, and you’ve created a full digital marketing system that doesn’t depend on anyone else’s infrastructure.

For developers and technical creators, building a personal site also becomes a live demo of your skillset. It’s an interactive resume, a sandbox for new technologies, and a launchpad for projects. Whether you’re using React, Astro, Hugo, or GhostCMS, the tools you choose say as much about you as the content you publish. And because it’s all yours, you’re free to experiment without limitation.

Ultimately, your website is an investment in future-proofing your digital identity. As decentralized protocols evolve, your personal site can plug into that infrastructure—whether it’s connecting wallets, supporting decentralized comments, or syndicating content to multiple platforms. Owning your site today means you’ll be ready for the web of tomorrow.

@ b1ddb4d7:471244e7

Flash, the all-in-one Bitcoin payment platform, just launched Flash Invoicing. The first invoicing tool for Bitcoin that is completely free, non-custodial, KYC-free, and fully integrated into a professional-grade business suite.

Freelancers, contractors and independent workers can now send professional Bitcoin invoices with 0% platform fees, no identity verification, and no third-party custody — a first in the Bitcoin ecosystem.

According to Deel, crypto payments to freelancers grew 10x in 2023, with Bitcoin remaining the most-used currency. But despite this surge, the tools available for invoicing remain outdated.

Most freelancers still paste Bitcoin addresses into PDF footers or emails, hoping their client sends the right amount. Others use custodial platforms that charge high fees and require full identity verification.

“We’ve seen too many people paste BTC addresses into documents and call it invoicing,” said Pierre Corbin, CEO of Flash.

“It’s messy, reduces privacy and very inconvenient both for payee and payer.”, he explains.

Most Bitcoin invoicing tools charge a percentage per transaction — or lock users into subscription plans. That means freelancers lose a portion of every invoice just for the privilege of getting paid.

The other option is host open-source invoicing tools or use a google sheet template. While the former requires a hardware investment, the latter lacks functionality. Flash Invoicing is aiming to provide a better solution to address the invoicing needs for modern businesses and freelancers.

“Freelancers work hard enough. The last thing they need is a platform skimming off their earnings,” said Pierre.

“That’s why we dropped our fee from 1.5% to 0% — and launched the first invoicing tool that’s truly free, without compromising on privacy or control.”

“As a freelancer myself, I love using the Flash invoicing feature. It keeps all my clients in one place, allows me to easily edit invoices and track payments. Much more professional than sending a lightning address in the footer of a PDF invoice.” — Ada, freelancer & Flash user

Whether you’re a solo designer in Nairobi, a Web3 developer in Buenos Aires, or a consultant billing startups in Berlin, Flash Invoicing gives you a way to accept Bitcoin — without giving up control, privacy, or revenue.

And because it’s fully integrated with the broader Flash suite, freelancers can easily scale from invoicing to setting up stores, receiving donations, or gating premium content.

About Flash

Flash is the only non-custodial, KYC-free Bitcoin payment platform built for freelancers, creators, and businesses. With tools for invoicing, donations, stores, and POS, Flash gives users full control over how they earn and operate in Bitcoin — with no fees and no middlemen.

Learn more on www.paywithflash.com

@ cae03c48:2a7d6671

Bitcoin Magazine

Coinbase Announces Bitcoin Rewards Credit Card, Offering up to 4% BTC Back on Everything

Coinbase is launching its first-ever branded credit card in partnership with American Express, set to roll out this fall. Called the Coinbase One Card, it will be available only to U.S. members of Coinbase One, the platform’s monthly subscription service. The card will offer 2% to 4% back in Bitcoin on everyday purchases, along with access to American Express perks.  

JUST IN: Coinbase launches credit card allowing users to earn up to 4% bitcoin back on every purchase pic.twitter.com/d6pdNZV4pi

— Bitcoin Magazine (@BitcoinMagazine) June 12, 2025

This is a first-of-its-kind product for Coinbase, which previously only offered a prepaid debit card with Visa in 2020. 

“We see real potential in the combination of Coinbase and crypto with the powerful backing of American Express, and what the card offers is an excellent mix of what customers are looking for right now,” said Will Stredwick, head of American Express global network services, during the Coinbase State of Crypto Summit in New York.

The card is part of a larger push by Coinbase to expand its subscription-based services. Coinbase One costs $29.99/month and includes zero trading fees, higher staking rewards, and customer support perks. The company also announced a cheaper version—Coinbase Basic—for $4.99/month or $49.99/year, which includes fewer features.

Coinbase’s subscription business is growing fast. It brought in $698.1 million in Q1 2025, compared to $1.26 billion in trading revenue. According to William Blair analyst Andrew Jeffrey, this kind of recurring revenue is a big reason why long-term investors are sticking with the stock.

Launched in 2023, Coinbase One now has over a million members. The company has been steadily growing its ecosystem with products like its Base developer platform and a self-custody wallet. 

The company has long positioned Bitcoin at the center of its strategy—offering BTC custody services to institutions, supporting Bitcoin ETFs, integrating Bitcoin rewards into its products, and actively advocating for Bitcoin-friendly regulation in Washington. Coinbase also supports Bitcoin development directly through funding grants and engineering support. As the largest publicly traded crypto exchange in the U.S., Coinbase continues to frame Bitcoin not just as an asset, but as the foundation of its long-term vision.

This post Coinbase Announces Bitcoin Rewards Credit Card, Offering up to 4% BTC Back on Everything first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz

Today, Galaxy Digital CEO Mike Novogratz told CNBC that Bitcoin is on a path to replace gold and could eventually reach a value of $1,000,000.

JUST IN: Galaxy Digital CEO told CNBC that Bitcoin will replace gold and go to $1,000,000 pic.twitter.com/Tf831LBt1h

— Bitcoin Magazine (@BitcoinMagazine) June 12, 2025

“Bitcoin has become a macro asset,” said Novogratz. “And some of the great things is most people have it on their screens next to gold and silver and the S&P. And you think back ten years ago when people thought we were crazy. And now it’s an institutionalized macro asset… It’s just becoming institutionalized.”

He emphasized that Bitcoin is no longer a fringe investment but part of the mainstream financial landscape. He pointed out that its volatility is now seen as normal compared to traditional assets.

“We are in a dollar bear market. For the last 15 years, American exceptionalism was the story. Europeans were widely overweight and Asians widely overweight the US stock and we have an administration that wants a weaker dollar. They are pretty clear about it,” he said. “Even in the way Trump negotiates. And you can argue if it’s successful or not successful, but by telling Canada they want to be the 51st state, and telling people that they come here to kiss his rear end, it doesn’t engender people to say, ‘Oh, I want to buy more dollars.’”

According to Novogratz, this global shift is pushing investors toward assets outside the dollar, including Bitcoin.

“I think most macro funds are having a great year,” he stated. “They’re short the dollar, they’re long the euro, they’re long the yen, they’re long Aussie, they’re long a basket of currencies. Well, Bitcoin, gold, silver, platinum, they all fall into that same category as something that’s not the dollar.”

He also pointed to Bitcoin’s fixed supply as a key factor behind its growing value.

“There is no more Bitcoin,” he said. “What’s unique about Bitcoin as an asset is it was created with 21 million coins total. Period. End of story. There’ll never be more than that. But not all of those have been mined, is my point. Not most of them. Lots of them have been lost. There have been more Bitcoins lost than will be mined for the rest of eternity.”

Novogratz believes the wave of institutional involvement, including firms like BlackRock, is cementing Bitcoin’s role as a savings asset.

“The bull case becomes that over time… gold slowly gets replaced by Bitcoin. And so if you look at gold’s market cap and Bitcoin market cap, Bitcoin has a long way to go. Right? 10x. And so that [is] $1,000,000 a Bitcoin just to be where gold is.”

This post Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ b4fade0e:a4d2b56a

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@ b1ddb4d7:471244e7

Jason Lowery’s thesis, Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, reframes bitcoin not merely as digital cash but as a transformative security technology with profound implications for investors and nation-states alike.

For centuries, craft brewers understood that true innovation balanced tradition with experimentation—a delicate dance between established techniques and bold new flavors.

Much like the craft beer revolution reshaped a global industry, bitcoin represents a fundamental recalibration of how humans organize value and project power in the digital age.

The Antler in the Digital Forest: Power Projection

Lowery, a U.S. Space Force officer and MIT scholar, anchors his Softwar theory in a biological metaphor: Bitcoin as humanity’s “digital antler.” In nature, antlers allow animals like deer to compete for resources through non-lethal contests—sparring matches where power is demonstrated without fatal consequences. This contrasts sharply with wolves, who must resort to violent, potentially deadly fights to establish hierarchy.

The Human Power Dilemma: Historically, humans projected power and settled resource disputes through physical force—wars, seizures, or coercive control of assets. Even modern financial systems rely on abstract power structures: court orders, bank freezes, or government sanctions enforced by legal threat rather than immediate physical reality.

Lowery argues this creates inherent fragility: abstract systems can collapse when met with superior physical force (e.g., invasions, revolutions). Nature only respects physical power.

Bitcoin’s Physical Power Engine: Bitcoin introduces a novel solution through its proof-of-work consensus mechanism. Miners compete to solve computationally intense cryptographic puzzles, expending real-world energy (megawatts) to validate transactions and secure the network.

This process converts electricity—a tangible, physical resource—into digital security and immutable property rights. Winning a “block” is like winning a sparring match: it consumes significant resources (energy/cost) but is non-destructive.

The miner gains the right to write the next page of the ledger and collect rewards, but no participant is physically harmed, and no external infrastructure is destroyed.

Table: Traditional vs. Bitcoin-Based Power Systems

Power System

Mechanism

Key Vulnerability

Resource Cost

Traditional (Fiat/Banking)

Legal abstraction, threat of state force

Centralized points of failure, corruption, political change

Low immediate cost, high systemic risk

Military/Economic Coercion

Physical force, sanctions

Escalation, collateral damage, moral hazard

Very high (lives, capital, instability)

Bitcoin (Proof-of-Work)

Competition via energy expenditure

High energy cost, concentration risk (mining)

High energy cost, low systemic risk

Softwar Theory National Strategic Imperative: Governments Are Taking Notice

Lowery’s Softwar Theory has moved beyond academia into the corridors of power, shaping U.S. national strategy:

1. The Strategic Bitcoin Reserve: Vice President JD Vance recently framed bitcoin as an instrument projecting American values—”innovation, entrepreneurship, freedom, and lack of censorship”. State legislation is now underway to implement this reserve, preventing easy reversal by future administrations.
2. Regulatory Transformation: The SEC is shifting from an “enforcement-first” stance under previous leadership. New initiatives include:
   • Repealing Staff Accounting Bulletin 121 (SAB 121), which discouraged banks from custodying digital currency by forcing unfavorable balance sheet treatment.
   • Creating the Cyber and Emerging Technologies Unit (CETU) to develop clearer crypto registration/disclosure rules.

The Investor’s Lens: Scarcity, Security, and Asymmetric Opportunity

For investors, understanding “Softwar” validates bitcoin’s unique value proposition beyond price speculation:

• Digital Scarcity as Strategic Depth: Bitcoin’s fixed supply of 21 million makes it the only digital asset with truly inelastic supply, a programmed scarcity immune to political whims or central bank printing.

  This “scarcity imperative” acts as a natural antidote to global fiat debasement. As central banks expanded money supplies aggressively (Global M2), bitcoin’s price has shown strong correlation, acting as a pressure valve for inflation concerns. The quadrennial “halving” (latest: April 2024) mechanically reduces new supply, creating built-in supply shocks as adoption grows. * The Antifragile Security Feedback Loop: Bitcoin’s security isn’t static; it’s antifragile. The network strengthens through demand: * More users → More transactions → Higher fees → More miner revenue → More hashpower (computational security) → Greater network resilience → More user confidence.
  This self-reinforcing cycle contrasts sharply with traditional systems, where security is a cost center (e.g., bank security budgets, military spending). Bitcoin turns security into a profitable, market-driven activity. * Institutionalization Without Centralization: While institutional ownership via ETFs (like BlackRock’s IBIT) and corporate treasuries (MicroStrategy, Metaplanet) has surged, supply remains highly decentralized.

  Individuals still hold the largest share of bitcoin, preventing a dangerous concentration of control. Spot Bitcoin ETFs alone are projected to see over $20 billion in net inflows in 2025, demonstrating robust institutional capital allocation.

The Bitcoin Community: Building the Digital Antler’s Resilience

Lowery’s “Softwar” theory underscores why bitcoin’s decentralized architecture is non-negotiable. Its strength lies in the alignment of incentives across three participant groups:

1. Miners: Provide computational power (hashrate), validating transactions and securing the network. Incentivized by block rewards (newly minted BTC) and transaction fees. Their physical energy expenditure is the “muscle” behind the digital antler.
2. Nodes: Independently verify and enforce the protocol rules, maintaining the blockchain’s integrity. Run by users, businesses, and enthusiasts globally. They ensure decentralized consensus, preventing unilateral protocol changes.
3. Users: Individuals, institutions, and corporations holding, transacting, or building on bitcoin. Their demand drives transaction fees and fuels the security feedback loop.

This structure creates “Mutually Assured Preservation”. Attacking bitcoin requires overwhelming its global, distributed physical infrastructure (miners/nodes), a feat far more complex and costly than seizing a central bank’s gold vault or freezing a bank’s assets. It transforms financial security from a centralized liability into a decentralized, physically-grounded asset.

Risks & Responsibilities

Investors and policymakers must acknowledge persistent challenges:

• Volatility: Bitcoin remains volatile, though this has decreased as markets mature. Dollar-cost averaging (DCA) is widely recommended to mitigate timing risk.
• Regulatory Uncertainty: While U.S. policy is increasingly favorable, global coordination is lacking. The EU’s MiCAR regulation exemplifies divergent approaches.
• Security & Custody: While Bitcoin’s protocol is robust, user errors (lost keys) or exchange hacks remain risks.
• Environmental Debate: Proof-of-Work energy use is scrutinized, though mining increasingly uses stranded energy/renewables. Innovations continue.

Jason Lowery’s “Softwar” theory elevates bitcoin from a financial instrument to a socio-technological innovation on par with the invention of the corporation, the rule of law, or even the antler in evolutionary biology. It provides a coherent framework for understanding why:

• Nations like the U.S. are looking to establish bitcoin reserves and embracing stablecoins—they recognize bitcoin’s role in projecting economic power non-violently in the digital age.
• Institutional Investors are allocating billions via ETFs—they see a scarce, secure, uncorrelated asset with antifragile properties.
• Individuals in hyperinflationary economies or under authoritarian regimes use bitcoin—it offers self-sovereign wealth storage immune to seizure or debasement.

For the investor, bitcoin represents more than potential price appreciation. It offers exposure to a fundamental reorganization of how power and value are secured and exchanged globally, grounded not in abstract promises, but in the unyielding laws of physics and mathematics.

Like the brewers who balanced tradition with innovation to create something enduring and valuable, bitcoin pioneers are building the infrastructure for a more resilient digital future—one computationally secured block at a time. The “Softwar” is here, and it is reshaping the landscape of p

@ 9c9d2765:16f8c2c2

In a coastal village divided by a rushing river, two clans lived on opposite banks The Southern Kaduna and The Northern Kaduna, Generations of mistrust had built walls between them, though the river carried the same water, and the sky above shone on both.

No one dared cross the river, though everyone longed to.

Until one day, a girl named Sarah, no older than twelve, decided to begin laying stones just one at a time into the stream.

The elders laughed. “A child’s game,” they said.

But Sarah came back each day. Rain or sun. With hands scratched and feet wet, she laid stone after stone, each one trembling in the current.

One morning, a boy from the South side stood watching. Then, silently, he brought a stone of his own. He laid it next to hers.

They said nothing.

Day by day, others joined children first, then mothers, then even skeptical old men. Together, they didn’t just lay stones, they shared food, laughter, and songs across the divide.

By the end of the season, the river had a bridge.

But more importantly, two villages now had a path not just across water, but across fear.

And when asked who built the bridge, they didn’t say Sarah’s name.

They simply said, “It started with one small step. Then many others followed.”

Moral: Every great journey starts small. The first step might not shake the earth but it can change the world.

@ 9c9d2765:16f8c2c2

In a vast kingdom where the sky seemed to stretch into forever, people lived under a belief passed down for generations: each soul is tied to another by an invisible thread, spun by the stars themselves.

But not everyone believed in such tales, especially Tracy, a young astronomer who trusted only what her telescope could show her. Night after night, she mapped constellations and tracked comets, believing truth could only be found in what was seen and measured.

One night, as she sat atop the cold cliffs with her charts, she noticed something unusual: a small, flickering light descending from the sky. It wasn’t a star. It wasn’t a meteor.

It was… a boy.

He landed silently, without a sound, in the meadow below.

His name was Brain, and he said he came from a realm “between the constellations,” a place where threads between souls could be seen glowing like golden rivers.

Tracy laughed. “That’s impossible.”

But Brain smiled. “You’ve just never looked with the right eyes.”

He began teaching her to listen not with ears, but with heart. To observe not only the sky, but the people beneath it. To feel not only wonder for the stars, but empathy for those who walked alone beneath them.

Days passed. Then weeks.

Tracy’s maps changed. Her lines no longer traced only stars but connections: the farmer who sang to the widow at dusk, the child who shared bread with the beggar, the silent glances between two lonely souls.

Then one night, Brain was gone.

He left no trace except a final message carved into her telescope:

“The thread exists. And you’ve become part of it.”

Tracy wept. But when she looked up at the sky that night, she saw not just stars.

She saw stories. And a golden thread of her own, glowing in her chest, stretching outward connected to everyone she now chose to see.

Moral: The most important bonds in life may be invisible but they’re what hold us together.

@ 7460b7fd:4fc4e74b

比特币如何通过协议机制实现隐私而不违反反洗钱法

1. 引言

“保守派的创新”理念指的是在不破坏既有社会制度的前提下推进技术革新。在金融领域，隐私与合规常被视为此消彼长的关系，但比特币生态展示出一种渐进式的平衡路径：既探索交易隐私保护，又避免公然违背反洗钱法规要求。这种平衡并非异想天开；传统金融本就提供一定程度的隐私，例如银行账簿并非对公众透明，个人消费细节通常不为外人所知en.bitcoin.it。比特币的目标之一是以去中心化方式复制这种隐私保护，但同时它并未试图动摇反洗钱法律的基石。相反，比特币社区秉持“保守式创新”，通过协议层的改进逐步增强用户隐私，同时尊重监管红线。例如，美国政府近年提出“负责任创新”原则，要求在保障国家安全和金融稳定的前提下鼓励区块链技术有序发展siis.org.cn。比特币的发展恰体现了这一点：它采用公开区块链，但通过巧妙的机制设计和增量升级，为合法用户提供类似现金的隐私空间，而不公然为洗钱者大开方便之门。

2. UTXO 模型与账户制的本质区别

比特币采用 UTXO（未花费交易输出）模型记录账本，这与传统银行或以太坊的账户模型截然不同。简单类比来说，UTXO 模型类似于现金交易，账户模型则类似于银行账簿nervos.org。在 UTXO 模型下，每笔交易消耗之前的输出并创造新的输出，币值被划分成离散的“硬币”单元；就如同用一枚金币付款找零，找零过程会销毁原金币并造出面额不同的新币docs.glassnode.comdocs.glassnode.com。每个 UTXO 都隶属于某个地址，而地址通常由用户一次性使用，这使得难以直接将所有交易关联到同一身份nervos.org。换言之，比特币系统并不追踪“账户余额”，而是追踪散落在各地址下的一笔笔未花费输出nervos.org。用户的钱包余额只是所有这些 UTXO 金额的总和。

与之相比，账户模型则维护全球状态，每个账户有持续的余额记录，很容易基于固定的账户识别用户身份cexplorer.io。账户体系下，多笔交易进出同一账户，会在账本中清晰显示某人所有的资产变动情况。这种透明度对监管有利，但也意味着隐私的天然缺失——资金流向可以直接与账户持有人绑定。UTXO 模型天生提供了更大的隐私空间，因为每笔交易可以使用新的地址，外部观察者难以确定多个交易是否属于同一主体nervos.org。正如贵金属或现金交易中，实物的流转不记名，UTXO 的分散性赋予了用户类似实物货币的隐私保护。而账户体系更像实名登记的银行账户，所有交易活动都集中在同一名下，隐私隔离性较弱。

需要强调的是，UTXO 模型提供的是**“笔名制”隐私而非完全匿名。区块链上的地址并不直接揭示身份，但如果有人能将地址与现实身份对应起来（例如通过交易所KYC记录），那么UTXO交易历史的透明特征仍可被利用。因此，比特币底层设计选择在匿名性与可追溯之间折中：通过UTXO提供尽可能的去身份化交易记录，同时保留全网公开可审计的交易流动性。这种设计一方面满足了反洗钱(AML)**对可追溯性的最低要求（所有交易公开上链），另一方面也为合法交易提供了一定程度的隐私遮蔽（地址不直接对应实名）。这种隐私“空隙”是比特币协议保守创新的起点。它类似于现金的特性——现金交易不记录买卖双方身份，但大额可疑现钞交易仍可通过其他线索引起执法注意。同理，UTXO 模型下小额日常交易可保持去身份化，而异常模式的资金流动仍可能触发监管机构的区块链分析关注。

3. CoinJoin 的实现方式与监管意义

为进一步拓展隐私，比特币社区发展出多种链上混合机制，其中最典型的是 CoinJoin。CoinJoin 是一种无须信任中介的协作交易方法：将多个付款人的转账合并在一笔交易中，从而混淆外部观察者对“谁在向谁付款”的判断en.bitcoin.it。其核心思想由 Gregory Maxwell 于2013年提出，利用比特币交易可以有多个输入和输出的特性，组织多个参与者共同构造一笔交易，每个参与者提供若干输入并得到自己预期的输出。由于区块链上只记录了一笔合成交易，外界难以确定哪笔输入对应哪笔输出，实现交易参与者之间的匿名性集。典型的 CoinJoin 实现会让所有参与者约定使用相同面额的输出（例如每人都拆分成若干个0.1 BTC的输出），这样链上看到多个等额输出时，无法分辨这些输出原先属于哪个参与者en.bitcoin.it。同时，每个参与者通常还会得到找零输出，从而保持总额不变。通过这种方式，一次 CoinJoin 交易实质上打乱了资金的对应关系，达到了“混币”的效果。

CoinJoin 的技术细节体现出比特币协议层面的巧妙设计：比特币交易的输入签名彼此独立，因此完全可以由不同用户分别签署再合并，只要所有必要签名齐备，交易便有效en.bitcoin.it。这意味着多个彼此不信任的用户可以在不交出控制权的情况下共同生成一笔交易——整个过程无需更改比特币协议，一切遵循既有规则即可完成en.bitcoin.it。这种协作混合交易在链上结构特征通常为：多个来源地址（输入）对应多个去向地址（输出），且输出面额往往存在重复值，使传统“通过金额和地址关联交易”的分析方法失效。由于 CoinJoin 交易并不标注参与者身份，它在区块链数据上与普通交易不可区分，尤其当其输出面额设计得不像刻意等值时，更增添了辨识难度。

然而，正是这种加强隐私的技术，引起了监管机构对潜在滥用的关注。反洗钱机构将此类混合服务归类为“增加匿名性风险的活动”。FATF（金 融 行 动 特 别 工 作 组）的报告将使用混币器视为一项重要风险指标，指出“不少犯罪分子利用混币/Tumbling服务来遮蔽资金来源或去向”fatf-gafi.org。从监管角度看，CoinJoin 等机制本身具有中立性，但其用途可能涉及掩盖非法所得流转，从而引发执法部门警惕。在现实案例中，确有不法分子尝试利用 CoinJoin 逃避监管：例如 2016 年 Bitfinex 交易所黑客窃得巨额比特币后，多年间反复采用Wasabi钱包的 CoinJoin 功能清洗资金，被称为“当时最先进的洗钱手法”time.com。又如2021年美国司法部破获的臭名昭著案件中，一对夫妻涉嫌协助清洗 Bitfinex 被盗比特币，调查发现他们使用了 CoinJoin 来试图匿名化交易，但最终仍因区块链的永久记录和执法部门的链上分析技术而落网time.comcointelegraph.com。这说明混合交易并非万能护身符：对于有能力的执法机构而言，大额异常的链上混合行为依然可能被捕捉和溯源，只是增加了分析难度和取证成本。

监管机构对于混币工具的法律立场逐渐明晰。在美国，FinCEN（金融犯罪执法网络）早在2013年指导意见中即表明，经营虚拟货币兑换或传输业务需遵守《银行保密法》(BSA)规定。2019年FinCEN进一步明确：提供混币/搅币服务的机构属于货币服务业务（MSB），必须登记注册并履行反洗钱义务fincen.gov。简言之，运行CoinJoin服务即视同资金汇兑业务，需要实行KYC、报告可疑交易等合规措施，否则即属非法经营。在2020年，美国首次对比特币混币服务施加严厉制裁：运营 “Helix”混币器的 Larry Harmon 被指控未经许可经营MSB并协助洗钱，被FinCEN处罚6000万美元，后又被法院判处入狱三年fincen.gov。执法调查显示，Harmon经营的混币服务三年内处理比特币逾350,000枚，且主动宣传可匿名购买毒品等非法商品，这些行为严重违反了反洗钱法fincen.govfincen.gov。这一里程碑案例表明，美国司法实践已将第三方混币服务视作违法，运营者须承担刑事及民事后果。

与此对应的是，如果仅提供去中心化的软件工具而非代客操作，则法律定位有所不同。FinCEN在2019年声明中也承认，提供匿名化软件本身不构成货币传输服务cliffordchance.com。这为比特币协议层面的创新留下了空间：开发者可以创造CoinJoin钱包或协议，让用户自行对等完成混合交易，而不涉及中介经手资金。在这种架构下，软件提供方不直接“控制”客户资金流，因而不被视为MSB。然而，监管的灰度在于，如果软件提供方设立了协调服务器并从中收取服务费，是否变相成为了混币业务经营者？对此，不同司法辖区可能有不同解读。一些CoinJoin实现（如Wasabi钱包的协调器）选择主动限制自身角色，以避免落入监管“经营服务”的范畴。同时，也有业内主体为了降低监管冲击而做出让步。例如，隐私钱包 Wasabi 的开发公司（注册于英国）在2022年宣布，其CoinJoin协调服务器将拒绝可疑的非法来源资金参与混币cointelegraph.com。该公司通过黑名单过滤特定的UTXO来防止明显带有犯罪特征的币混入池内，此举被视为向执法机构妥协的“自律”措施cointelegraph.comcointelegraph.com。虽然此举在隐私社区引发争议，但从监管角度看，这是行业努力寻求平衡的体现：即允许合法用户继续享有隐私工具，同时遏制不法分子滥用。类似地，FATF和各国监管者也在加强对混币器的监控合作，包括将臭名昭著的混币平台列入制裁清单（如2022年美国OFAC先后制裁了比特币混币服务Blender.io和以太坊混币器Tornado Cash，因其被朝鲜黑客用于清洗盗窃资金）cliffordchance.com。

综合来看，CoinJoin技术本身并不违反法律——正如现金本身不违法，但用于洗钱即涉罪。关键在于使用目的和主体。比特币协议通过CoinJoin提供了增强隐私的可能性，这是对抗链上数据监控、维护币值可替代性（fungibility）的“保守式创新”举措en.bitcoin.it。它在技术上避免了对底层协议的破坏，也没有阻断执法取证的所有途径（大额交易所的进出仍需KYC，链上记录依然永久留存）。监管机构目前的态度是在不取缔技术本身的前提下，加强对相关服务商和可疑行为的监管。对于商业银行运营者而言，这意味着应当了解CoinJoin交易的链上特征及合理用途：并非凡是CoinJoin输出即等同非法，必须结合上下文判断真实风险。同时，银行也需遵循监管指引，对来自明显混币路径的资金提高尽调级别，必要时提交可疑交易报告。但反过来说，在合规框架下，合理使用CoinJoin提升客户隐私并不直接违法。例如，一些合规的比特币托管机构会允许用户提币时自行使用CoinJoin，以保护客户交易历史不被外界窥探——前提是资金本身来源清白、去向明确记录。这样的做法体现了隐私与反洗钱并非绝对对立：通过适当的程序设计，可以在不违背法规的情况下给用户更多隐私保障。

4. Lightning Network 的中介态地位

*闪电网络（Lightning Network）*是比特币之上的第二层协议，它通过链下通道实现高速小额支付，被视为比特币在隐私和扩容上的一大创新。闪电网络的运作机制，是两方在链上创建一个支付通道（开设一笔特殊的多签交易作为锚定），然后在通道内部通过数字签名即时交换比特币所有权。这些频繁发生的链下交易并不记录在区块链上，只有当双方最终关闭通道时，链上才结算通道的最终余额状态。由于大部分交易被转移到链下，闪电网络具有先天的隐私中介性质：外界只能看到通道开启和关闭的两笔链上交易，而通道内部可能发生了上千笔支付却无从获知细节。这使得闪电网络的交易不可被区块浏览器直接追踪，从而大大减少了链上分析能够获取的信息cointelegraph.comcointelegraph.com。对于普通用户而言，这种“离链”处理提升了交易私密性和即时性；对于商业银行合规部门而言，闪电网络则带来了全新的挑战和机遇。

从合规角度看，闪电网络的位置有些类似于**“灰盒”：介于传统金融和完全公开区块链之间。一方面，闪电节点间的转账采用类似于Tor洋葱路由的加密跳转，每一跳节点只知道前一站和后一站，路径中继信息被隐藏，这为交易双方提供了接近匿名的路径隐私。另一方面，闪电通道的资金最终还是要通过链上比特币进出，这些开关通道的动作依然在公共账本上透明可见。因此，监管可以将注意力聚焦在出入口**：当资金从交易所等受监管机构流入闪电通道，或从闪电通道流回受监管机构时，对相关主体进行KYC和流向监控。这类似于对银行资金流出进入现金流通领域的监管思路——现金在社会中如何流转难以监控，但银行对大额取现和存现可以执行申报和审查。同理，闪电网络内部的细小支付难以逐笔监视，但大型入口/出口操作（如大量资金通过闪电通道转移）可以被标记关注。

闪电网络的挑战在于匿名性和跨境性。由于节点运行不需要许可，任何人在全球范围内都可架设闪电节点并参与路由，中间节点既看不见支付金额（只有通道余额变化）也不知交易来源和目的地。这种设计初衷是在技术上保护用户隐私和抗审查，但也意味着传统“旅伴规则”（Travel Rule）的信息传递机制难以直接应用于闪电支付。根据FATF的“VASPs旅行规则”，虚拟资产服务商之间转账需在金额阈值以上共享客户身份信息。然而闪电网络的交易路径通常不经过中心化服务商：大多是用户自行操作钱包直连，对等网络中路线随机。即便有部分交易通过托管型闪电服务（如托管钱包）发起，目前也缺乏成熟方案让节点在支付时附带KYC信息。因此，闪电网络被视为现行AML框架下的“监管空白地带”之一：合法的小额支付在其中获得极大便利，但不法分子也可能尝试利用其快速转移资金、不留痕迹的特性来层层拆分洗钱。

监管机构正逐步关注这一动向。一方面，他们强调同样的法规原则适用于闪电网络：凡是以营利为目的替他人传输资金者，无论通过链上或链下，都应履行反洗钱义务。比如，FinCEN在2023年提出的预防性规则中，将“虚拟货币混合作为特定受关注领域”，虽未明指闪电网络，但也释放出对任何有意提高匿名性的交易技术加强监管的信号cliffordchance.comcliffordchance.com。对于提供托管式闪电服务的机构，情况类似于交易所或托管钱包，需要注册MSB并执行KYC/AML流程。例如，一些提供闪电充值提现的公司在美国选择直接停止服务，以规避未能及时合规的风险——2023年11月，知名闪电钱包“Wallet of Satoshi”团队宣布将应用从美国区店下架，并停止为美国用户提供服务，称这是一个“艰难的决定”cointelegraph.com。虽然官方未明言原因，但业内推测此举与美国严格的合规环境有关：Wallet of Satoshi 属于全托管闪电钱包，依据美国法律应当取得货币传输牌照并遵循诸如Travel Rule等要求。在监管不确定性和合规成本高企的情况下，其选择退出美国市场，凸显了闪电业务在强监管司法管辖区所面临的压力。

另一方面，监管者也看到闪电网络的机遇：它有潜力降低链上交易拥堵、提升小额支付经济性，这对正规金融机构也是有利的创新。例如，银行可以利用闪电网络为客户提供秒级跨境小额汇款服务，在合法场景中比特币闪电通道可作为支付轨道，满足实时结算需求，同时因金额小、风险低可以适当简化手续。在香港等地，监管机构鼓励金融创新与风控并进。香港金管局在2023年修订的AML指引中提及，要采取风险为本方法看待新技术应用，并避免一刀切地拒绝虚拟资产相关业务，提倡审慎前瞻的态度来对待这类创新支付方式kwm.comkwm.com。英国FCA也提出**“不妨碍创新”的监管理念**，在确保核心AML要求落实的同时，为新支付技术留出试验空间。在这种氛围下，如果商业银行运营总监能够深入理解闪电网络的运行原理，就有机会将其优势用于合规的业务模式中。例如，银行可充当闪电通道的受信任节点，为客户提供经KYC的闪电支付渠道：银行对接入的客户身份尽职调查，并监控异常大额流动，而对客户小额高频交易则通过闪电网络实现即时低费率完成。这种模式下，银行相当于在闪电网络和传统体系之间架设合规桥梁，既不牺牲客户隐私（因为具体小额交易不公开），又满足反洗钱“看得见、管得了”的要求。

概言之，闪电网络作为中介态层，为比特币交易的隐私与效率提供了极大提升，但也要求金融机构调整传统AML手段：由链上监控转向节点端口监控。运营总监需要关注闪电通道的资金进出量、识别可疑的频繁开关通道行为，以及配合跨境情报分享以防范有人利用闪电网络在不同司法区之间快速转移赃款。在风险可控的前提下，闪电网络完全可以成为合规金融工具箱的一部分，而不是监管的对立面。

5. PayJoin（BIP-78）的机制与合规设计

PayJoin（又称P2EP，Pay to Endpoint）是一种由两方协作完成的特殊比特币交易结构，可视作CoinJoin的简化版和升级版。它由比特币改进提案BIP-78标准化，于2019年由开发者 Nicolas Dorier 提出bips.devbips.dev。PayJoin 的典型场景是付款人与收款人在一次支付过程中联手构造交易：收款人提供一个比特币收款地址和一个临时服务器端点，付款人发起交易时，不仅花费自己的UTXO，还从收款人处获取一个UTXO一同作为输入加入交易bitcoinops.org。换言之，交易的输入来自付款人和收款人双方，而输出则包括正常的付款金额给收款人（可能与常规付款金额不同，因为收款人也贡献了输入）以及付款人的找零。这种设计使链上观察者难以分辨哪些输入属于谁、哪个输出是真正的支付款，进而打破链上常用的“共同输入属于同一实体”推断bitcoinops.org。PayJoin 交易在区块链上看起来与普通交易无异：它不像传统CoinJoin那样有许多相等面额的输出，不具有明显的混币特征en.bitcoin.iten.bitcoin.it。因此，区块链分析公司难以再用简单启发式判断支付关系，从而极大增强了支付双方的隐私。

PayJoin 的技术流程可以概括如下：bips.dev首先，收款人在生成比特币收款二维码（BIP-21 URI）时，附带一个pj=端点，表示自己支持PayJoin并提供了协商接口。付款人扫描发票后，钱包客户端先构造一笔常规交易（只含付款人的输入和相应输出），然后将该未签名交易通过HTTP发送到收款人的pj端点。收款人服务器收到后，在交易中加入自己预先选定的一枚UTXO作为额外输入，并相应地增大将付给自己的输出金额（因为收款人也贡献了一部分资金，需要“找零”返还），形成一个新的交易方案。收款人签署自己那部分输入后，将半签名交易返回给付款人。付款人验证交易未被篡改（如支付目标金额正确等），再签署自己部分的输入。最终，这笔包含双方输入的完整交易被广播到比特币网络并记入区块链bips.devbips.dev。

举例来说，Alice 要向 Bob 支付1 BTC货款。传统做法是Alice用她的一枚≥1 BTC的UTXO付款，找零归还自己；Bob收到1 BTC。但在PayJoin中，假设Alice有一枚0.6 BTC和一枚0.5 BTC的UTXO，Bob手上有一枚0.4 BTC的UTXO未花费。那么Alice可先构造一笔用0.6+0.5两枚UTXO支付1 BTC的交易（找零0.1给自己）。Bob看到后，可以加入自己的0.4 BTC作为输入，并将支付给自己的输出从1 BTC增加到1.4 BTC，同时让Alice的找零相应减少为0.1-0.4=-0.3 BTC（负数意味着Alice其实付出了0.3 BTC + 原本的0.1找零共0.4 BTC给Bob，正好匹配Bob贡献的输入）。经过这种调整，最终交易输入包括Alice的0.6和0.5、Bob的0.4，总计1.5 BTC；输出包括Bob收到的1.4 BTC（其中Bob净得+1 BTC，含回自己的0.4）和Alice的找零0.1 BTC。链上观察者只看到Alice和Bob的若干输入共同支付了1.4 BTC给Bob的地址，以及0.1 BTC给Alice的找零地址。从表面上看，这可以被解释为Alice支付了1.4 BTC给Bob并收到0.1找零，也可以解释为Bob支付了一部分钱给自己（看似无意义）而Alice支付剩余部分给Bob，没有任何方法从区块数据确定真实的1 BTC支付额en.bitcoin.it。如此一来，支付本身的隐私性大幅提升，但交易合规性并未受损：Alice和Bob各自知道自己的出资与所得，交易双方的信息完整，可在需要时向监管说明实际资金流。只不过对于无知情权的第三方而言，这笔交易等同于谜题，大大降低了链上监控的可行性。

PayJoin 体现了比特币协议层治理的一种思路：通过开放标准增强隐私而不违反共识规则。作为BIP-78标准，PayJoin获得了社区认可并被多款钱包和支付处理工具采纳。例如，开源支付网关BTCPay Server自2020年以来支持商户端默认启用PayJoin收款bitcoinops.org；隐私钱包Wasabi和Samourai等也相继实现了对BIP-78的支持，让用户在日常支付中方便使用此功能bitcoinops.org。这些采用者本身都属于守法经营的实体（BTCPay服务的商户需遵守当地法规，Wasabi等钱包开发团队在合规压力下甚至实行过黑名单机制如前述），因此PayJoin的推广更多是为了保护良性用户的隐私，而非为洗钱提供新工具。相较于CoinJoin混合许多陌生资金，PayJoin每次仅涉及一名付款人和一名收款人，没有第三方参与资金池，故不存在“大规模匿名化”效果，只有针对该笔支付的信息隐藏。这使其很难被犯罪分子用于清洗巨额资金：因为两两配对支付的效率和匿名集规模都远不及混币池。而在合法场景下，PayJoin倒是十分实用——例如商户可以在不增加负担的情况下自动参与客户的支付交易，从而保护商户与客户双方的财务隐私不被区块链分析公司过度窥探。正如Bitcoin Optech对其评价的那样，PayJoin增强了支付双方以及整个比特币用户群的隐私bitcoinops.org，“通过让交易难以被拆解归属，有利于全网的隐私性”。

从合规设计上看，PayJoin 非常“克制”。首先，它不改变交易总额的去向：收款人仍收到应得的款项，只是多走了一步“先支付给自己再找零”的形式；付款人也仅花费了自己该付的钱（只是混杂在更大金额输出中）。因此，从资金流合法性来说，PayJoin 没有引入额外的模糊地带，每一笔输出都有明确的实际归属方。其次，PayJoin 不依赖任何中心化第三方来撮合，多在客户端与商户服务器间通过一次HTTP通讯完成。这意味着没有一个专门的“PayJoin服务提供商”需要承担MSB责任，整个流程更像是点对点协议的一部分。再次，由于收款人参与其中，通常收款人本身是提供商品或服务的商家，其身份在交易关系中是已知的。比如某客户通过PayJoin向商家付款，商家在自己后台记录中可以注明该笔订单已通过PayJoin支付，对应链上交易哈希等。如果日后监管调查，需要了解这笔混淆过的交易情况，商家完全能够提供证据证明谁是付款人、金额多少，只不过这些信息未写入区块链而已。这跟传统现金交易后的记录有异曲同工之处：账本上可能只显示商家收款入账，但商家收据上会注明付款人是谁。同样，PayJoin 实现了链上隐私但保留了链下记录的可能性。

当然，PayJoin 的兴起也让链上分析公司感到头疼：因为一旦这种交易普及，过去依据“共同输入推断同一所有者”的分析方法将失效en.bitcoin.it。这实际上提升了比特币整体的抗审查能力，却也令执法部门的链上自动监测工具需要升级。不过，从监管角度来看，PayJoin 并未妨碍司法调查：由于它没有像大型混币那样引入不特定多方，执法者可以通过传统调查手段（如向已知商家调取交易记录）来还原真相。可以说，PayJoin把隐私权和合规需求巧妙地划出了界限——公开账本不再暴露一切细节，但真正有合法权利需要知道的人（交易相对方、执法部门）依然有途径获取所需信息。这正是比特币“保守式创新”的精髓体现：在不破坏既有法律框架的前提下，通过协议改进最大程度保护用户正当隐私。

6. 对比“合用账户”与 PayJoin 的区别及法律可识别性

传统金融中，两个或以上主体共同使用资金，通常采用联名账户（Joint Account）的形式。例如，商业合作伙伴或夫妻可以开设联名银行账户，账户内资金由各持有人共同所有和支配。法律对这类账户的身份和权益归属有清晰界定：银行会对每位账户持有人进行尽职调查（KYC），账户资金的法定所有人就是账户登记的所有持有人。账户交易的责任也由持有人按合同分担。即使账户资金混合来源不一，法律上可以通过约定或推定原则划分各自的受益权益（例如按照存入金额或签署协议比例）birketts.co.ukbirketts.co.uk。重要的是，无论账户内资金如何流动，监管和执法都知道关联到该账户的自然人/法人是谁。因此，联名账户实现了多人合用资金的便利，但透明度依然存在于金融机构与监管视野内：多名持有人均是可识别、可问责的主体。

相比之下，PayJoin 在链上呈现出的“共同支付”情形并没有建立任何持久的联合账户或法律实体关系。一次PayJoin交易虽然包含了两方的输入，看起来是“两个人一起付了一笔钱”，但区块链并未记录这两个人各自的身份或份额。这就引出一个问题：法律上能识别PayJoin参与者吗？ 链上数据本身无法直接识别，需要结合链下信息。比如在前述客户与商家通过PayJoin交易的例子中，区块链只显示一笔来自多个地址的交易。如果不借助商家提供的订单记录，外部第三方很可能误以为这些输入都属于同一人控制（传统heuristic的误判）en.bitcoin.it。因此，从纯链上证据看，PayJoin让法律主体识别变得困难：执法人员若仅依据区块数据，很难断定这笔交易涉及两个独立当事人。然而，并不意味着法律就无法识别—关键在于索取链下佐证。正如上节所述，每笔PayJoin交易的当事双方自己清楚出资和收款情况。如果其中一方如商家是受监管实体（有KYC义务），那其记录就能将链上地址对应回实名。即便双方皆为个人，在调查情况下，也可通过钱包日志、通信记录等证明彼此在对应时间协作构建了该交易。因此，从法律证明角度，PayJoin的参与者身份是可还原的，只是需要额外的信息链路，比常规转账要绕一点。

值得注意的是，英美法系对类似“共同出资支付”并非没有概念可循。在英国法下，若两人共同出资购买资产但无明文协议，法院可能探寻双方的共同意图和出资比例来确定各自权益（如适用衡平法上的推定信托原则）birketts.co.ukbirketts.co.uk。PayJoin交易本质上是双方共同“出资”完成了一次支付，因此在极端情况下（比如交易发生纠纷，双方就其中款项归属产生争议），法院或仲裁机构也可参考类似思路：审查双方对支付金额的约定，以及各自贡献和收益，从而确认真正的资金流向。不过，与联名账户不同的是，PayJoin不涉及长期共同持有资金，它只是一个瞬时的合伙支付行为。交易完成后，资金立即分别归属该去向的单一主体（收款人得到款项、付款人拿回找零）。不存在一个持续的“共同账户”载体来容纳双方资金。因此，法律上无需也无法对PayJoin建立类似联名账户的架构。每一方仍然只对各自收到或支出的部分负责，没有形成新的共同财产。

对于监管机构而言，联名账户容易监控——银行定期报告账户活动，所有相关个人信息齐全；而PayJoin交易如果不借助外部信息，单凭链上模式就难以分辨出来。这既是其隐私优势也是监管难点。但反过来看，PayJoin也没有引入无法克服的匿名性：它没有混杂无关联的第三方资金，交易双方实际彼此熟知，是一对一有联系的。这与完全匿名的暗网混币有本质区别。可以说，PayJoin更像两人私下结伴去银行各取一部分现金，然后合在一起交给第三人——银行账上只看到第三人存入一笔总额，但两人的个人取款银行各自有记录。因此如果第三人涉嫌违法受款，调查人员可以从银行调取那笔存款来源的拆分记录，发现实际上来自两人分别的账户。同理，PayJoin的合规思路是在需要的时候，将链上模糊的交易“解压”回两条清晰的资金线。这种设计确保了它在法律可解释性上比起传统CoinJoin混币更强：CoinJoin有时会出现N进N出，每个输出来源于N个输入的混合，法律上很难逐一对应归属，而PayJoin始终是一进一出（一方净支付，另一方净收款），只是混在一起过账。因此，一旦揭示两方身份，各自金额清楚明了，不存在无法区分谁的钱的问题。

具体到普通法体系的英美港三地，对于PayJoin交易目前尚无明文法规或判例直接评述。但可以推测，如果司法或监管机关发现有人采用PayJoin方式来掩饰交易关系，他们会采用实质重于形式的原则看待：关注交易背后的真实当事人和资金用途，而不会被表面上的“单笔交易”假象所困扰。例如，美国FinCEN和司法部在认定洗钱时，核心是看资金是否经过分层、混淆意图隐匿非法来源fatf-gafi.org。PayJoin如果被用于非法用途，那么执法也许需要对相关的钱包服务商、通信记录等进行取证才能还原过程。这增加了调查难度，但并非无法可依。在香港，新的VASP法规下，持牌机构需要对涉及的不寻常交易模式提高警觉。如果客户提现比特币后马上与别人做了一次PayJoin再存回，这种不寻常链路可能会引发问询，要求说明交易目的。英国FCA亦强调，加密资产交易所应监控客户是否使用了高度混淆技术并进行风险评估。在这些框架下，PayJoin如果被理解并检测到，可能会被归类为一种需要额外尽职调查的交易行为。但只要能够解释清楚其合法用途（例如商家为了客户隐私而采用PayJoin收款），法律并不禁止这种交易结构。

最后，从用户角度看，PayJoin其实更接近正常商业行为而非刻意洗钱安排。例如，两家公司合作支付一笔款项给供应商，传统方法可能是成立一个合资实体或开共同账户来出资再付款，而通过比特币PayJoin，两家公司可各自直接拿出一部分比特币，在一次交易中共同支付给供应商，无需建立长期联名账户关系。这种做法在法律上依然体现为各公司分别支付了各自的那部分货款，只是合并成一笔链上交易。因此法律能够识别并追踪每家公司支付的金额（通过公司内部记录），不存在损失审计线索的隐患。可以说，联名账户依赖金融机构去记录和划分共同资金，PayJoin则依赖参与各方自行记录默契合作。前者信息透明在机构，后者信息私密但参与人自知。因此，只要参与方守法经营并做好内部财务纪录，PayJoin并不会削弱法律对资金流的追查能力，它只是让公开账本不再直接泄露交易细节。这对遵纪守法者是利好，对企图躲避监管的大额洗钱者来说反而不是首选工具（因为两两串联洗钱的效率和隐蔽性远逊于大型混币池和离岸账户）。综合而言，在英美港法理下，PayJoin交易应被视为一种正当且可解释的隐私增强支付，通过适当的信息披露即可澄清其性质，并不构成无法识别的法律难题。

7. 应用设想：无需公司设立的合伙支付

展望未来，比特币协议提供的这些机制有望催生新的合规创新应用。例如，利用PayJoin或CoinJoin思想，可以实现“无需公司实体的合伙支付”。设想两个跨境贸易伙伴临时合作采购一批货物，各自承担一半货款。他们不必设立合资公司或开联名账户来筹措资金，而是可以各自准备好比特币，通过一次多输入交易直接将货款支付给供应商。链上只记录供应商收到总货款，至于资金来自两家伙伴公司这一事实则隐匿在交易结构中。这种操作相当于一种即时合伙：双方在支付瞬间形成合作，在支付完成后合作关系即告终结，无需持续的法律实体。这对于一次性项目或临时联盟尤其方便，节省了大量传统金融流程（开设账户、签署联名协议等）。同时，由于比特币交易天然跨境，这笔合伙支付可以绕开繁琐的国际汇款手续，在分钟级别完成结算。

当然，要使此应用合规落地，需要满足若干前提：首先，双方合作伙伴彼此必须信任并有清晰的合同约定，否则仅靠技术协作支付无法确保权益。例如，他们应签署一份协议注明各自出资比例和采购份额，以防日后纠纷。其次，在财务上，每一方仍应登记自己支付了多少款项给供应商，以便审计和税务申报。这一点通过比特币钱包记录和双方对账单据可以解决。再次，供应商若受到监管（如大宗贸易需要申报资金来源），则需在合同中注明货款由两家共同支付，比特币交易哈希作为支付凭证，辅以两家公司声明各自支付了多少。这样，监管方即使在链上看不出细节，也能通过合同资料了解实情。最后，参与各方应确保符合反洗钱要求：如交易金额巨大，需要提前告知银行/监管（因为法定货币转换为比特币的过程可能涉及银行），并确保合作伙伴和供应商都不是制裁或黑名单对象。

在上述框架内，这种无需公司载体的合伙支付完全可以合法合规地运作。它带来的创新性在于降低了商务协作的门槛和提高资金周转效率。例如，中小企业联盟可以临时抱团采购获得批发折扣，用联合支付的方式完成结算，然后各自获得自己的货物份额，无需成立繁杂的联营公司。又比如，多位国际投资人可通过CoinJoin把资金汇聚支付给一个项目发起人，以换取相应代币或股权份额，过程中保护了各自的隐私（外界只能看到项目方收到总款项）——前提是项目合法且投资人信息项目方已经KYC掌握。在香港等金融中心，这类合伙支付概念若能成熟，或许会出现在沙盒测试中：监管机构可以指定一些低风险场景，让持牌机构尝试使用比特币的PayJoin技术为客户提供多人支付服务，观察其运作和风险点。在英国，开放式银行业务的推进下，不排除未来有传统银行与比特币技术公司合作，开发出“Consortium Pay”产品，允许多个企业客户共同发起一个链上支付给供应商，银行在后台负责协调并确保AML合规。而美国作为最大的资本市场，也有可能在明确监管框架后，允许受监管的金融科技公司提供此类合伙支付解决方案，服务于例如私募基金多LP联合出资投资等场景。

需要强调的是，此类应用设想应避免过度理想化。在现实推进中，监管者会审慎评估风险，不会因技术便利而放松对洗钱等的警惕。因此，上述创新更可能一步步渐进实现：先在小额、低风险场景测试，再扩展到更广泛用途。同时，行业需要建立配套的透明机制（如自愿的交易附言备注或链下报告）以令监管安心。例如，几个公司通过合伙支付完成交易后，可以向监管机构备案相关交易哈希和各自出资比例，以取得信任豁免监控的待遇。这类似于今天银行报告大额交易，但具体用途保留商业机密。总之，比特币协议赋予了支付组织形式的灵活性，如何将其用于合规且创造价值的领域，将取决于监管开放态度和从业者的创造力。

8. 结语

综上所述，比特币通过协议机制实现隐私的探索，体现出鲜明的“保守派的创新”特征：它尊重金融领域反洗钱等制度的底线，在此范围内巧妙地寻求隐私与合规的平衡。从UTXO模型的选择，到后来发展的CoinJoin、闪电网络、PayJoin等技术，比特币生态并未一味追求匿名至上的乌托邦，而是尝试在现行法律框架内改善用户隐私体验。UTXO让比特币天然具备类似现金的去名属性，但公开链上记录又确保了交易透明度的基本盘，不至于成为无法监管的黑箱en.bitcoin.it。CoinJoin进一步为自愿的用户群提供了混合匿名环境，同时行业自律和执法打击并行，防止其成为洗钱温床cointelegraph.comfincen.gov。闪电网络则以链下通道降低了小额交易的可追踪性，却仍需通过进出节点受控来维护法规所需的监测点cointelegraph.com。PayJoin更是在日常支付场景中证明，提升隐私不一定以损害合规为代价——两方协作即可隐藏交易图谱，同时交易实质一目了然，无损任何一方的审计责任bitcoinops.orgen.bitcoin.it。这些创新无不遵循渐进改良的路径：它们没有推倒重来地另起一套隐匿系统，而是构建在比特币原有规则之上，通过开放社区的BIP提案机制取得共识，再由市场自发采用。这种稳健的演进保证了社会制度与技术创新的同步适应：当新隐私工具出现时，监管社区也在学习调整，从而在动态博弈中找到了新的平衡点。

对于香港、英国、美国等奉行普通法和重视金融监管的司法区而言，比特币的这一发展路径提供了宝贵的参考。一方面，各国监管者日益认识到，加密技术带来的金融创新并非洪水猛兽，其间蕴含着优化效率和用户权益的新机会。正如FATF提出的，要在鼓励负责任创新的同时管控风险siis.org.cn。比特币的隐私机制若被正确运用，能够保护公民金融隐私权、增强货币可替代性、减少不必要的集中过问，这是与民主法治社会价值相契合的目标。另一方面，实践也证明，通过强有力的监管措施，完全可以将不法分子的滥用遏制在可控范围。链上数据的公开性加上新的分析工具，使执法部门即便在出现混淆技术时，仍能抽丝剥茧地追查重大神秘案件time.com。据Chainalysis等机构统计，近年来加密货币交易中涉非法用途的比例已降至不足0.2%这样的历史低位cointelegraph.com。这表明隐私增强技术的出现并未导致洗钱犯罪失控，相反，隐私与合规正逐步实现良性共存：守法大众享有更安全的个人金融空间，犯罪分子依然难逃法网。商业银行运营总监作为合规体系的重要一环，应当拥抱这种变化，深入理解比特币协议层隐私机制的原理和合规要点。在确保自身机构严格遵守KYC/AML要求的前提下，也可以考虑利用比特币的这些特性开发新业务、服务客户需求。毕竟，隐私保护和反洗钱并非零和博弈——正如比特币生态所展示的，技术创新完全可以服务于保护个人合法权益与维护金融秩序这两大目标的平衡统一。比特币协议层面“保守而创新”的实践，正在为新金融时代如何兼顾自由与安全提供启发，其经验值得我们持续关注和借鉴。

参考资料：

1. Nervos, “UTXO 模型 vs. 账户模型” (2023)nervos.orgnervos.org

2. Bitcoin Optech, “Payjoin”bitcoinops.org

3. Bitcoin Wiki, “PayJoin”en.bitcoin.it

4. Bitcoin Wiki, “CoinJoin”en.bitcoin.iten.bitcoin.it

5. Cointelegraph, “No crypto for criminals: CoinJoin BTC mixing tool to block illicit transactions” (2022)cointelegraph.comcointelegraph.com

6. FinCEN, “第一起比特币混币服务违反反洗钱法遭处罚”新闻稿 (2020)fincen.govfincen.gov

7. Clifford Chance, “FinCEN拟将混币交易列为主要洗钱顾虑” (2023)cliffordchance.com

8. TIME, “如何追踪Bitfinex被盗比特币” (2022)time.com

9. Cointelegraph, “Wallet of Satoshi 美国区下架” (2023)cointelegraph.com

10. 上海国研院, “美国区块链治理策略” (2023)siis.org.cn

11. FATF, “Virtual Assets Red Flag Indicators” (2020)fatf-gafi.org

12. Chainalysis, “2021年加密犯罪报告”cointelegraph.com

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In a quiet corner of the world, bitcoin mining operations in Africa are turning electricity into digital currency and in the process, redefining how value is created.

At its core, bitcoin mining involves validating transaction information before adding new blocks to the Bitcoin blockchain by competing to solve a cryptographic puzzle that meets a specific criterion.

Globally, mining plays a key role in keeping the blockchain decentralized and secure. The system depends on miners to verify and record transactions, mainly to prevent a problem called double spending, the digital version of using the same money twice.

To understand this better, imagine Charles sends $5 to Amanda. With physical cash, Amanda can trust the note is real and hasn’t been used elsewhere. But with digital currency, copying data is easy, so how can she be sure that the same $5 wasn’t sent to someone else too? That’s the exact problem Bitcoin mining helps solve.

In recent years, Africa has started to draw attention in this space, positioning itself as a key hub in global bitcoin mining. While there may be less than 2 million bitcoin left to be mined from the total 21 million supply, the rise of mining operations in Africa has sparked excitement, creating new jobs and drawing in foreign capital.

Although some countries still grapple with power shortages and the energy demands of mining, many citizens view bitcoin as a more stable store of value and a safeguard against the volatility of their local currencies.

At the same time, Africa’s wealth of hydro, solar, wind, and geothermal resources makes the continent one of the most promising regions for cost-effective and sustainable mining.

What Makes a Large-Scale Bitcoin Mining Operation in Africa?

It all starts with difficulty. Bitcoin mining isn’t just about solving a puzzle, it’s about solving one that keeps getting harder. Mining difficulty refers to how much computational work is needed to generate a number lower than the target hash.

This difficulty automatically adjusts every 2,016 blocks (about every two weeks), depending on how quickly miners solved the previous batch. If mining is fast and efficient, the network increases the difficulty; if miners drop off and block times slow, it reduces it, all to maintain a consistent block production time of roughly 10 minutes.

The significance of mining difficulty lies in the increased demands it places on mining operations. As difficulty rises, miners require more powerful hardware, cost-effective energy sources, advanced infrastructure, and substantial financial investment. These requirements distinguish large-scale mining operations from smaller, casual miners.

In short, it’s the difficulty of mining that births the need for large facilities, massive energy inputs, industrial-grade hardware, and significant financial investment, the very traits that define a “large” bitcoin mining operation.

This leads us to the 4 key factors that define large Bitcoin mining operations in Africa, each one a direct response to the growing demands of the network:

1. Facility size and infrastructure:

The physical size of a mining facility is a direct reflection of its capacity to house mining equipment and support systems. Larger operations typically have thousands of mining rigs installed, supported by extensive infrastructure such as advanced cooling systems and stable power supplies.

These are critical to ensure that the equipment runs continuously and efficiently, given the intense heat and electricity demands of mining.

While it is possible to mine Bitcoin using desktop computers or gaming rigs by joining mining pools, these setups are limited in profitability. Mining pools distribute rewards based on the computational power contributed, meaning small or less efficient machines earn only modest returns.

To compete effectively, mining operations invest in specialized hardware known as Application-Specific Integrated Circuit (ASIC) miners. These machines are far more powerful and energy-efficient than regular computers but require significant capital investment, with prices ranging from $4,000 to $12,000 per rig depending on their performance.

Large-scale operations typically deploy hundreds or thousands of these ASIC miners, which necessitates the large facilities and sophisticated infrastructure mentioned earlier. In this way, the size of the facility and the sophistication of the mining equipment are tightly linked, together defining the overall scale and capability of a bitcoin mining operation.

2. Hashrate contribution:

Hashrate refers to the computational power used to mine and process transactions on the Bitcoin network. A higher hashrate indicates a more significant contribution to the network’s security and transaction processing.

Large mining operations often possess substantial hashrate, measured in exa hashes per second (EH/s). For instance, as of July 2024, the Bitcoin network’s hashrate was approximately 733.41 EH/s.

3. Energy consumption and power source:

Bitcoin mining is energy-intensive. The total energy consumption of the Bitcoin network has been estimated at 175.87 terawatt-hours annually, comparable to the power consumption of Poland. Large mining operations often seek locations with access to cheap and reliable energy sources, such as hydroelectric, solar, or wind power, to reduce operational costs and environmental impact.

4. Financial banking and investor interest:

Significant financial investment is required to establish and maintain large-scale mining operations. This includes the cost of mining hardware, facility construction, energy procurement, and operational expenses. Companies with substantial financial backing can invest in cutting-edge technology and infrastructure, enhancing their mining capabilities. 

Overview of Bitcoin Mining in Africa

Africa is beginning to carve out its share of the global Bitcoin mining market, which was valued at $2.45 billion in 2024 and is projected to reach $8.24 billion by 2034. 

As Bitcoin’s value continues to rise, countries across the continent are positioning themselves to benefit, many by tapping into abundant renewable energy sources and taking advantage of regulatory ambiguity or excess energy production. 

Ethiopia currently leads the continent in Bitcoin mining activity, with around 2.5% of the global hashrate reportedly coming from operations powered entirely by renewable energy. 

This energy mismatch has attracted major miners from China and other regions, who see an opportunity to monetize surplus electricity. Ethiopia’s success showcases how renewable energy and mining can coexist sustainably while contributing meaningfully to state revenue. 

Kenya follows closely behind. As the top geothermal energy producer in Africa, with an installed capacity of 863 MW, the country is using its energy advantage to support sustainable mining. 

Nigeria is emerging as a serious contender. While not yet dominant, its large population, increasing tech engagement, and growing interest in using flared gas for mining signal potential for expansion. Nigeria’s complex but evolving regulatory landscape also leaves room for further mining developments as the government explores clearer crypto frameworks.

Malawi represents a more localized model of Bitcoin mining. By converting rainfall-powered microgrids into revenue-generating infrastructure, Malawi shows how small-scale mining can play a powerful role in community development and rural electrification.

In Libya, Bitcoin mining is technically illegal, but that hasn’t stopped it. Despite the ban, underground mining continues to thrive thanks to heavily subsidized electricity. In 2021, Libyan miners accounted for an estimated 0.6% of the global Bitcoin production, the highest in both the Arab world and Africa at the time. Today, mining reportedly consumes around 2% of the country’s electricity, even as it operates in the shadows.

Angola rounds out the list with limited public data but notable potential. The country struggles with energy inefficiencies, losing nearly 40% of its hydroelectric power during transmission. Some reports suggest Bitcoin miners are beginning to capitalize on this otherwise stranded energy, though large-scale operations are yet to surface.

What unites these countries is a shared set of conditions: untapped or mismanaged energy resources, an openness or gray area in regulation, and the growing understanding that Bitcoin mining can serve as a financial incentive to build and stabilize decentralized energy systems. 

Whether through massive hydroelectric projects or rural microgrids, Bitcoin mining is emerging as both an energy monetization strategy and a bridge to infrastructure development across Africa.

Profiles of the Largest Bitcoin Mining Operations in Africa

1. BitCluster (Ethiopia)

As of 2024, Bitcoin mining in Africa is largely concentrated in

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The Barcelona Cyphers Conference (BCC8333), the city’s first biggest bitcoin-themed event, transforms a historic building in the central born district of the Catalan capital into a hub for bitcoin enthusiasts and cypherpunks. Named after the port bitcoin nodes use to sync the timechain (8333), this inaugural event delivers high-signal discussions and practical applications of decentralized technology, uniting over 100 attendees from Spain, Europe, and beyond.

Venue and Atmosphere

Set in a 17th-century palace that doubles as a flamenco venue, Palau Dalmases blends historical elegance with a creative, almost rebellious vibe. The unique setting fosters deep conversations, hands-on workshops, and genuine connections, prioritizing substance over spectacle. The spectacular courtyard serves as a lively backdrop for collaboration and sparking chats that resonates with the event’s freedom/privacy-oriented ethos.

Lightning Network Integration

BCC8333 embedds Bitcoin’s Lightning Network (LN) into its core, emphasizing privacy and scalable technology. Two on-site bars accept LN payments for drinks, demonstrating fast, low-cost bitcoin transactions in action.

But the usage of Lightning Network extends beyond just ‘refreshments’. 

·       Chain Duel: This simple yet engaging game has many BCC8333 participants send sats via LN to enter, compete, and have fun for the two days of the event. A large-screen tournament on the main stage amplifies the excitement, showcasing one more practical case for LN in the bitcoin ecosystem with a nice bounty, i.e. winners claiming the collected sats.

·       Thematic sessions and practical workshops on wallets, vending machines, and Nostr highlight LN’s role in bitcoin adoption, while touching on the importance of privacy vs. scalable transactions.

While the overall adoption in Barcelona’s local establishments outside the venue remains rather limited, attendees find a nearby street with vivid graffiti dedicated to bitcoin, and in a practical way, whenever possible, swap sats for fiat among themselves when direct payments aren’t possible.

Selected Highlights

The agenda balances intense sessions with networking breaks, ensuring space for reflection and collaboration. Some of the key sessions include: 

·       Future of Private Transactions (English, Max Hillebrand).

·       Miniscripts Roundtable (English, Edouard from Liana, Landabaso from Rewind, Francesco from BitVault, Yuri da Silva from Great Wall).

·       Sovereign Hardware Tools (English, Wesatoshi).

·       Debate: Future of Lightning (Spanish, mixed attendees).

·       Op_return Debate (English, Peter Todd, Unhosted Marcellus, Lunaticoin).

Recordings from the main stage and additional coverage by Juan Cienfuegos, host of the BitCorner Podcast, will soon be available online (X: @BCC833, @TheJuanSC).

Why BCC8333 Stood Out

·       Local Maxis: vibrant and well-organized approach shines through, with local bitcoiners as organizers of the event (Spanish and expats) bringing their best PoW to the table.

·       Focused Discussions: Free of hype and influencers, BCC8333 prioritizes signal over noise, diving into critical topics like privacy, nodes, wallets, P2P tools, decentralized mining, and Nostr. 

·       Community Vibe: The smaller crowd enables authentic connections, fostering a tight-knit community of freedom-tech enthusiasts committed to sovereignty.

BCC8333 is a powerful testament to the cypherpunk spirit, blending bitcoin and privacy to fuel innovation. From LN-powered interactions to thought-provoking talks, the event underscores the strength of a community dedicated to building decentralized solutions. Congratulations to the organizers, contributors, volunteers, and attendees for making this conference a standout moment in the year’s lineup of bitcoin-themed events.

@ 7f6db517:a4931eda

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

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

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

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

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

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

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

@ 502ab02a:a2860397

หลังเสียงระเบิดลูกสุดท้ายของสงครามโลกครั้งที่สองเงียบลง สิ่งที่ยังดังต่อไปในบ้านอเมริกันทุกเช้าคือเสียงโฆษณาจากวิทยุที่เตือนว่า “อย่าลืมกินมื้อเช้านะ เพราะมันคือมื้อที่สำคัญที่สุดของวัน” วาทกรรมนี้ไม่ได้หล่นมาจากปากหมอ หรือคำสอนพระ แต่มันลอยออกมาจากกล่องซีเรียลแบรนด์หนึ่งที่ชื่อว่า Grape-Nuts ซึ่งผลิตโดยบริษัท General Foods ที่ตอนนั้นกำลังครองพื้นที่โต๊ะอาหารเช้าทั่วประเทศ

Grape-Nuts เกิดขึ้นมาตั้งแต่ปี 1897 โดยชายชื่อ Charles William Post หรือ C.W. Post ชายหนุ่มที่เคยเข้ารับการรักษาตัวที่ Battle Creek Sanitarium ของหมอ John Harvey Kellogg ผู้คลั่งไคล้ในสุขภาพและการละราคะด้วยการกินคลีนแบบไม่กินเนื้อสัตว์ ที่นั่นเองที่ Post ได้แรงบันดาลใจจากอาหารสำหรับผู้ป่วยที่หมอ Kellogg คิดค้นขึ้น และพอกลับบ้าน เขาก็ลุกขึ้นมาสร้างแบรนด์ซีเรียลของตัวเองในชื่อ Grape-Nuts โดยเน้นเรื่องไฟเบอร์ การย่อย และสุขภาพล้วนๆ

ชื่อ “Grape-Nuts” ฟังแล้วงงใช่มั้ย เฮียจะเล่าให้ฟัง คือเจ้านี่มันไม่มีองุ่น ไม่มีถั่ว แต่ Post บอกว่าซีเรียลของเขาหวานธรรมชาติเหมือนองุ่น และเวลาย่อยจะเกิดสารที่เขาเรียกว่า grape sugar ก็เลยตั้งชื่อว่าประมาณ “ถั่วแห่งองุ่น” ฟังดูเฮลตี้แบบมีความรู้แต่จริงๆ คือชื่อทางการตลาดล้วนๆ ที่หวังจะสร้างจินตภาพใหม่ให้อาหารเช้าแบบแห้งๆ

หลังจากนั้นธุรกิจของเขาก็โตเอาโตเอา กลายเป็น Postum Cereal Company และค่อยๆ เข้าซื้อกิจการของบริษัทอาหารอื่นๆ จนปี 1929 เปลี่ยนชื่อเป็น General Foods Corporation กลายเป็นบริษัทยักษ์ใหญ่ที่ถือครองแบรนด์ดังมากมาย ไม่ว่าจะเป็น Jell-O, Maxwell House, Birds Eye, Log Cabin เรียกว่าครอบคลุมทั้งอาหารแห้ง อาหารสด ของหวาน และเครื่องดื่ม

พอเข้าสู่ยุคสงครามโลกครั้งที่สอง ประเทศสหรัฐฯ ต้องการทุกแรงงาน ทุกมือ และทุกสมองมาช่วยกันเดินหน้าเครื่องจักรสงคราม รัฐบาลประกาศให้การผลิตกลายเป็นภารกิจแห่งชาติ บริษัทใหญ่ๆ ก็เลยรีบเสนอหน้ามาเป็นส่วนหนึ่งของความรักชาติ General Foods ก็ไม่พลาด พวกเขาเปิดแคมเปญผ่านแบรนด์ Grape-Nuts ว่า “Eat a Good Breakfast – Do a Better Job” หรือ “กินมื้อเช้าให้ดี ทำงานให้เยี่ยม” พร้อมประโยคที่กลายเป็นคำขวัญติดหัวคนทั้งประเทศว่า “Breakfast is the most important meal of the day”

พวกเขาไม่ได้บอกว่า “กินของเราแล้วดี” แต่ใช้เทคนิคย้อนศร บอกว่า “ไม่กินมื้อเช้า...ระวังสุขภาพแย่นะ” แล้วค่อยสอดแทรกว่าอาหารเช้าที่เหมาะสม ควรจะเป็นสิ่งที่เทนมใส่แล้วกินได้ใน 2 นาที—นั่นแหละ Grape-Nuts เอง

วาทกรรมนี้ถูกส่งผ่านรายการวิทยุ หนังสือพิมพ์ และโฆษณาทุกแบบที่มีในตอนนั้น โดยอ้างว่า “ผู้เชี่ยวชาญด้านโภชนาการกล่าวไว้” ซึ่งตอนนั้นยังไม่มีแหล่งอ้างอิงแน่นอนว่าใครคือผู้เชี่ยวชาญคนนั้น แต่ก็ไม่มีใครกล้าค้าน เพราะมันฟังดูถูกต้องและน่าเชื่ออย่างประหลาด

ผลที่ตามมาคืออะไร? คนเริ่มเปลี่ยนวิธีคิดเรื่องอาหารเช้า จากเมื่อก่อนที่มื้อแรกของวันอาจเป็นแค่ขนมปังจิ้มไข่ลวก กากหมูกับข้าว หรือแม้แต่มันต้มจิ้มน้ำปลา กลายเป็นการเทซีเรียลใส่นมเย็น หวานกรุบกรอบทุกคำ และรู้สึกดีเหมือนได้ทำหน้าที่พลเมืองที่ดีไปในตัว เพราะได้รีบออกไปทำงาน

เบื้องหลังของวาทกรรมนี้จริงๆ แล้วคือการต่อยอดกำไรอย่างชาญฉลาดของบริษัทอาหารที่ต้องการเปลี่ยนพฤติกรรมการกินของทั้งประเทศให้หมุนรอบสินค้าในมือของตัวเอง โดยเฉพาะ Grape-Nuts ซึ่งเป็นผลิตภัณฑ์แห้ง เก็บได้นาน ผลิตได้เร็ว และใช้ทรัพยากรน้อยกว่าการปรุงอาหารสดๆ ที่เคยนิยมกันมาแต่ก่อน

กลยุทธ์แบบนี้ฉลาดมาก เพราะมันไม่ได้ขายของโดยตรง แต่มันขาย “แนวคิด” ก่อน แล้วค่อยผูกของเข้ากับแนวคิดนั้นทีหลัง และคนก็เชื่อง่าย เพราะยุคนั้นกำลังหิวหาความมั่นคงทั้งกายและใจหลังเพิ่งผ่านความโกลาหลของสงครามมาหมาด ๆ

แน่นอนว่า General Foods ไม่ได้ทำเรื่องนี้คนเดียว แต่พวกเขาคือเจ้าที่ “เริ่มต้นก่อน” และใช้พลังของสงครามเป็นแรงส่งทางวัฒนธรรม จากจุดเล็กๆ บนกล่องซีเรียล กลายเป็นคำขวัญที่ครูสอนในโรงเรียน พ่อแม่พูดกับลูก และโฆษณาพูดกับคนทั้งประเทศ

แคมเปญประสบความสำเร็จมากถึงขั้นที่บริษัทโฆษณานำไปรีไซเคิลซ้ำให้แบรนด์อื่น เช่น Kellogg’s, Post และ Quaker จนทุกกล่องซีเรียลในซูเปอร์มาร์เก็ตพูดประโยคเดียวกันโดยไม่ต้องนัดหมาย มันกลายเป็นวาทกรรมฝังหัวคนไปแบบเนียน ๆ ว่า ถ้าไม่กินมื้อเช้า จะโฟกัสงานไม่ได้ จะเรียนไม่รู้เรื่อง จะหงุดหงิดง่าย แล้วก็...จะดูเหมือนไม่รักตัวเอง

สิ่งที่เกิดขึ้นในยุคนั้นไม่ใช่แค่การตลาด แต่มันคือ “การสร้างความหมายใหม่ให้มื้อเช้า” จากเดิมที่แต่ละบ้านมีวิธีของตัวเอง ก็กลายเป็นการกำหนดสูตรสำเร็จที่มาพร้อมภาพเด็กยิ้ม คนสุขภาพดี และคุณแม่ที่เตรียมโต๊ะให้พร้อมก่อนลูกจะตื่น

นักข่าวจาก The Guardian เคยเขียนไว้อย่างแสบ ๆ ว่า นี่ไม่ใช่แค่แผนการขายของ แต่มันคือ “moralizing through breakfast” หรือการใส่ศีลธรรมลงไปในอาหารเช้า ถ้าไม่กิน ก็เหมือนคนไม่มีวินัย ถ้ากิน ก็เหมือนได้รับการยอมรับ เป็นผู้ใหญ่ที่ดี ดูแลตัวเองได้

ตรงนี้แหละที่น่าสนใจ เพราะมันย้อนกลับไปถึงรากความคิดของหมอ John Harvey Kellogg เมื่อหลายสิบปีก่อน ที่มองว่าอาหารควรถูกออกแบบเพื่อควบคุมจิตใจมนุษย์ให้อยู่ในกรอบศีลธรรม เขาอาจไม่ได้อยากทำการตลาด แต่สุดท้ายบรรษัทใหญ่กลับนำอุดมการณ์นั้นมารีแพ็คในเวอร์ชันที่ขายได้จริง

หลังจากนั้น วัฒนธรรมมื้อเช้าแบบอุตสาหกรรมก็ฝังรากแน่นยิ่งขึ้นในสังคมตะวันตก โดยเฉพาะเมื่อตลาดเริ่มเจาะไปที่เด็ก ๆ ด้วยการ์ตูนมาสคอต ของเล่นในกล่อง และสีสันสดใสที่ล่อตาล่อใจ ในขณะที่เนื้อในกล่องก็เต็มไปด้วยน้ำตาล แป้ง และบางครั้งก็สารเติมแต่งที่ไม่ต่างจากขนมหวาน

น่าสนใจว่าตลอดยุคหลังจากนั้น จนถึงปัจจุบัน คำว่า “Breakfast is the most important meal of the day” ยังถูกใช้ซ้ำโดยแบรนด์อาหารเช้าหลายเจ้าทั่วโลก ทั้งที่ความจริงในทางวิทยาศาสตร์ใหม่ๆ เริ่มตั้งคำถามกับคำกล่าวนี้แล้วว่า จริงหรือ? หรือแค่ “ขายของเก่ง” กันแน่

นักโภชนาการอิสระเริ่มออกมาเปิดโปงว่า คำกล่าวที่ว่า “อาหารเช้าสำคัญที่สุดของวัน” ไม่มีงานวิจัยที่รองรับอย่างชัดเจน มันเป็นเพียงคำที่ถูกทำซ้ำโดยบริษัทที่มีผลประโยชน์เต็มเปา รายงานจาก Livestrong, Reddit Skeptics และหลายแหล่งสรุปตรงกันว่า ประโยคนั้นไม่ได้มาจากแพทย์ แต่มาจากห้องประชุมโฆษณา

แต่ถึงจะรู้แล้วว่าถูกหลอก คนจำนวนมากก็ยังเชื่ออยู่ดี เพราะมันไม่ใช่แค่ข้อมูล แต่มันกลายเป็น ความทรงจำร่วมของทั้งสังคม ไปแล้ว ทุกวันนี้แม้จะมีการศึกษามากมายในเรื่องของมื้ออาหาร แต่อาหารมื้อเช้าก็ยังคงเป็นสิ่งที่ "แตะต้องไม่ได้" ยังคงถูกมองว่าใครไม่กินอาหารเช้าจะโง่

เฮียว่าการตลาดที่แนบเนียนที่สุด ไม่ใช่การเปลี่ยนความคิดคน แต่คือการทำให้คน “จำไม่ได้ว่าความคิดนั้นมาจากไหน” แล้วเผลอเชื่อไปเองว่ามันคือความจริงแต่กำเนิด

เมื่อเฮียมองย้อนกลับไป ก็เห็นชัดเลยว่าอาหารเช้าของเราถูกนิยามใหม่โดยกล่องกระดาษที่ข้างในกรอบแต่ข้างนอกหวานลวง เป็นทั้งของกิน และของหลอกในเวลาเดียวกัน

ทุกวันนี้ เราอาจยังเห็นโฆษณาที่บอกว่า “อาหารเช้าคือเชื้อเพลิงของวัน” หรือ “อย่าออกจากบ้านโดยไม่กินอะไรเลย” แล้วยังเห็นบางโฆษณาบอกว่า "การตากแดดคือการก่อโรคมะเร็งผิวหนัง"

ทั้งที่ความจริงบางทีมื้อเช้าที่ดีที่สุด ก็อาจไม่ต้องอยู่ในกล่องซีเรียล หรือจานขนมปังปิ้ง แต่มันอาจเป็นช่วงเช้าที่เรารู้สึกว่า...วันนี้เราควบคุมชีวิตตัวเองได้อีกวัน ไม่ต้องถูกควบคุมด้วยอำนาจที่มองไม่เห็นใดๆต่างหาก #pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ 8bad92c3:ca714aa5

Marty's Bent

via me

I had a completely different newsletter partially written earlier tonight about whether or not "this cycle is different" when this nagging thought entered my head. So I'm going to write about this and maybe I'll write about the dynamics of this cycle compared to past cycles tomorrow.

A couple of headlines shot across my desk earlier tonight in relation to the potential escalation of kinetic warfare in the Middle East. Apparently the U.S. Embassy in Iraq was sent a warning and evacuation procedures were initiated. Not too long after, the world was made aware that the United States and Israel are contemplating an attack on Iran due to the "fact" that Iran may be close to producing nuclear weapins. The initial monkey brain reaction that I had to these two headlines was, "Oh shit, here we go again. We're going to do something stupid." My second reaction was, "Oh shit, here we go again, I've seen these two exact headlines many times over the years and they've proven to be lackluster if you're a doomer or blood thirsty war monger." Nothing ever happens.

As I venture into my mid-30s and reflect on a life filled with these types of headlines and my personal reactions to these headlines, I'm finally becoming attuned to the fact that the monkey brain reactions aren't very productive at the end of the day. Who knows exactly what's going to happen in Iraq or Iran and whether or not kinetic warfare escalates and materializes from here? Even though I'm a "blue-blooded taxpaying American citizen" who is passively and unwillingly contributing to the war machine and the media industrial complex, there's really nothing I can do about it.

The only thing I can do is focus on what is in front of me. What I have control of. And attempt to leverage what I have control of to make my life and the life of my family as good as humanly possible. Ignoring the external and turning inward often produces incredible results. Instead of worrying about what the media wants you to believe at any given point in time, you simply look away from your computer screen, survey the physical space which you're operating in and determine what you have, what you need and how you can get what you need. This is a much more productive way to spend your time.

This is what I want to touch on right now. There's never been a better time in human history to be productive despite what the algorithm on X or the mainstream media will lead you to believe. Things aren't as great as they could be, but they're also not as bad as you're being led to believe. We live in the Digital Age and the Digital Age provides incredible resources that you can leverage to make YOUR life better.

Social media allows you to create a platform without spending any money. AI allows you to build tools that are beneficial to yourself and others with very little money. And bitcoin exists to provide you with the best form of money that you can save in with the knowledge that your relative ownership of the overall supply isn't going to change. No matter what happens in the external world.

If you can combine these three things to make your life better and - by extension - potentially make the lives of many others better, you're going to be well off in the long run. Combining these three things isn't going to result in immediate gratification, but if you put forth a concerted effort, spend the time, have some semblance of patience, and stick with it, I truly believe that you will benefit massively in the long run. Without trying to sound like a blowhard, I truly believe that this is why I feel relatively calm (despite my monkey brain reactions to the headlines of the day) at this current point in time.

We've entered the era of insane leaps in productivity and digital hard money that cannot be corrupted. The biggest mistake you can make in your life right now is overlooking the confluence of these two things. With an internet connection, an idea, some savvy, and hard work you can materially change your life. Create something that levels up your knowledge, that enables you to get a good job in the real world, or to create a company of your own. Bring your talents to the market, exchange them for money, and then funnel that money into bitcoin (if you're not being paid in it already). We may be at the beginning of a transition from the high velocity trash economy to the high leverage agency economy run on sound money and applied creativity.

These concepts are what you should be focusing most of your time and attention to today and in the years ahead. Don't get distracted by the algorithm, the 30-second video clips, the headlines filled with doom, and the topics of the 24 hour news cycle. I'll admit, I often succumb to them myself. But, as I get older and develop a form of pattern recognition that can only be attained by being on this planet for a certain period of time, it is becoming very clear that those things are not worth your attention.

Living by the heuristic that "nothing ever happens" is a pretty safe bet. Funnily enough, it's incredibly ironic that you're led to believe that something is happening every single day, and yet nothing ever happens. By getting believing that something happens every day you are taking your attention away from doing things that happen to make your life better.

Tune out the noise. Put on the blinders. Take advantage of the incredible opportunities that lie before you. If enough of you - and many others who do not read this newsletter - do this, I truly believe we'll wake up to find that the world we live in is a much better place.

Nothing ever happens, so make something happen.

Intelligence Officials Are Quietly Becoming Bitcoin Believers

Ken Egan, former CIA Deputy Chief of Cyber Operations, revealed a surprising truth on TFTC: the intelligence community harbors numerous Bitcoin advocates. Egan explained that intelligence professionals uniquely understand how governments weaponize financial systems through sanctions and account freezing. Having wielded these tools themselves, they recognize the need for personal financial sovereignty. He shared compelling anecdotes of discovering colleagues with "We are all Satoshi" stickers and a European chief of station paying for dinner with a BlockFi card to earn Bitcoin rewards.

"I think there are a lot of Bitcoiners, not just at CIA, but across the whole national security establishment... they're in it for the exact same reasons everybody else is." - Ken Egan

The Canadian trucker protests served as a pivotal moment, Egan noted. Watching Western governments freeze citizens' bank accounts for political dissent struck a nerve among intelligence professionals who previously viewed financial weaponization as a tool reserved for foreign adversaries. This awakening has created unlikely allies within institutions many Bitcoiners distrust.

Check out the full podcast here for more on Bitcoin's national security implications, privacy tech prosecutions, and legislative priorities.

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Headlines of the Day

Stripe Buys Crypto Wallet Privy After Bridge Deal - via X

Trump Calls CPI Data "Great" Urges Full Point Fed Cut - via X

Bitcoin Hashrate Reaches New All-Time High - via X

Get our new STACK SATS hat - via tftcmerch.io

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Bitcoin’s Next Parabolic Move: Could Liquidity Lead the Way?

Is bitcoin’s next parabolic move starting? Global liquidity and business cycle indicators suggest it may be.

Read the latest report from Unchained and TechDev, analyzing how global M2 liquidity and the copper/gold ratio—two historically reliable macro indicators—are aligning once again to signal that a new bitcoin bull market may soon begin.

Download the report here

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

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Final thought...

Life is good.

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