@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin

Meanwhile Insurance Bitcoin (Bermuda) Limited (“Meanwhile”) announced it has become the first company in the world to release externally audited financial statements denominated entirely in Bitcoin. According to the announcement, the company reported 220.4 BTC in assets and 25.29 BTC in net income for 2024, a 300% year over year increase.

Today marks a global first & historic event for us, along with the public release of our 2024 audited financial statements, covering our 1st year of sales.

As the 1st company in the world to have Bitcoin-denominated financial statements externally audited, we are excited to…

— meanwhile | Bitcoin Life Insurance (@meanwhilelife) June 5, 2025

“We’ve just made history as the first company in the world to have Bitcoin-denominated financial statements externally audited,” said Zac Townsend, CEO of Meanwhile. “This is an important, foundational step in reimagining the financial system based on a single, global, decentralized standard outside the control of any one government.” 

The financial statements were audited by Harris & Trotter LLP and its digital asset division ht.digital. Meanwhile’s financials also comply with Bermuda’s Insurance Act 1978, noting that their BTC denominated financials were approved and comply with official guidelines. The firm, fully licensed by the Bermuda Monetary Authority (BMA), operates entirely in BTC and is prohibited from liquidating Bitcoin assets except through policyholder claims, positioning it as a long term holder. 

“As the first regulated Bitcoin life insurance company, we view the BTC held by Meanwhile as inherently long-term in nature—primarily held to support the Company’s insurance liabilities over decades,” Townsend added. “This makes it significantly ‘stickier’ and resistant to market pressures compared to the BTC held by other companies as part of their treasury management strategies.” 

Meanwhile’s 2024 financials also revealed 23.02 BTC in net premiums and 4.35 BTC in investment income, showing that its model not only preserves Bitcoin, but earns it. The company’s reserves (also held in BTC) were reviewed and approved by Willis Towers Watson (WTW). 

Meanwhile also offers a Bitcoin Whole Life insurance product that allows policyholders to save, borrow, and build legacy wealth—entirely in BTC, and has plans to expand globally in 2025.

“We are incredibly proud of today’s news as it underscores how Meanwhile is at the forefront of the next phase of the convergence between Bitcoin and institutional financial markets,” said Tia Beckmann, CFO of Meanwhile. “Now having generated net income in BTC, we have demonstrated that we are earning it through a sustainable insurance business model designed for the long term.” 

This post Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 8bad92c3:ca714aa5

Marty's Bent

via me

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

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

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

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

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

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

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

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

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

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

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

Bitcoin's Volatility Won't End With Institutional Adoption

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

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

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

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

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Headlines of the Day

Romania Adds Crypto Terminals to Post Offices - via X

Musk Claims Trump in Epstein Files - via X

Uber CEO Calls Bitcoin Proven Store of Value - via X

Get our new STACK SATS hat - via tftcmerch.io

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Final thought...

The kids really do grow up f

@ 6c05c73e:c4356f17

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

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

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

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

Mas, antes de tudo…

Disclaimer

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

Desenvolva seu corpo, seu templo

Se alimente como Sapiens:

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

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

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

Busque o Olimpo, quem sabe acerta as olimpíadas

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

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

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

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

Endorfina é boa demais

Então pensa assim:

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

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

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

Saúde Mental

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

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

Um terapeuta é fundamental!

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

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

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

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

Sono de Qualidade:

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

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

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

• Higiene do sono
• Horário de deitar

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

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

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

Check-ups e Prevenção

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

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

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

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

Concluindo tudo

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

@ 9ca447d2:fbf5a36d

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

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

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

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

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

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

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

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

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

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

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

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

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

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

@ b1ddb4d7:471244e7

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

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

Key Benefits of Coinbase Lightning Network:

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

Coinbase Lightning Network vs Regular Bitcoin Transfers

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

Feature

Coinbase Lightning Network

Regular Bitcoin Transfer

Speed

Instant (seconds)

10-60 minutes

Fees

0.2% + minimal network fee

$5-50+ depending on network

Best for

Small to medium amounts

Large amounts, long-term storage

Availability

24/7 instant

Subject to network congestion

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

How to Send Bitcoin Using Coinbase Lightning Network

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

Step 1: Access Your Coinbase Account

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

Step 2: Initiate the Lightning Transfer

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

Step 3: Add Recipient Information

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

Step 4: Complete the Transaction

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

How to Receive Bitcoin via Coinbase Lightning Network

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

Step 1: Generate a Lightning Invoice

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

Step 2: Create Your Invoice

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

Step 3: Share Your Invoice

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

Step 4: Receive Your Bitcoin

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

Coinbase Lightning Network Fees and Limits

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

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

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

Troubleshooting Common Coinbase Lightning Network Issues

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

Invoice Expired Error

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

Transaction Failed

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

Can’t Find Lightning Option

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

Address Whitelist Issues

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

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

@ 6c05c73e:c4356f17

Descrição da empresa

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

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

cotacao itausa

Visão geral da empresa

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

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

Modelo de Negócio e Estratégia:

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

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

Mercado que atua

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

Portanto os principais mercados que a empresa atua, são:

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

Oportunidades que o ativo traz

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

Ponto 1 - Redução da divída líquida

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

noticias de jcp

Ponto 2 - Reforma tributária aprovada em Janeiro 2025

fundamentos itausa

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

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

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

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

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

Riscos

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

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

Catalisadores

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

Faq

Quanto rende 1.000 reais em ITSA4?

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

Qual é o preço justo da ação ITSA4?

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

Quando o ITSA4 paga dividendos em 2025?

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

Bio

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

Disclaimer

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

Referencia

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

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

https://tradingeconomics.com/brazil/indicators

@ 6c05c73e:c4356f17

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

Por que Rebalancear a Carteira?

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

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

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

Quando Rebalancear a Carteira?

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

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

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

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

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

Conhecimento, experiências, rede de contatos e saúde.

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

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

Onde Manter o Dinheiro?

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

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

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

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

Meu Modelo de Rebalanceamento

Para concluir nosso raciocínio, gosto de deixar assim:

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

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

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

Como Funciona Essa Abordagem?

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

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

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

Concluindo

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

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

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

@ 2b998b04:86727e47

Turning 60

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

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

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

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

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

So I started pruning.

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

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

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

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

---

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

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

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

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

---

@ 2b998b04:86727e47

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

Refinements, resilience, and real-world publishing

---

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

But that was just the foundation.

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

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

---

✅ Key Improvements (Week of June 8)

🔁 1. Deduplication across relays

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

• Gather events from 8–10 relays concurrently using asyncio

• Flatten the results

• Deduplicate based on event.id

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

---

🏷 2. Tag styling and wrapping

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

• Tags wrap cleanly and align left

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

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

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

---

📅 3. Proper published_at parsing

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

Now, the script:

• Extracts published_at (if present)

• Falls back to created_at if missing

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

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

---

🎨 4. Markdown cleanup and layout polish

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

• Remove unnecessary escape characters

• Use consistent fonts, spacing, and margins

• Inherit the overall styling from stantonweb.com

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

---

🤖 5. GitHub Actions automation

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

I created a GitHub Actions workflow that:

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

• Deduplicates and filters by tag

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

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

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

You can still run the script manually via:

bash

CopyEdit

./fetch_articles.sh

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

---

⏱ Total Time Spent (est. 15 hours)

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

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

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

All running with zero paid infrastructure.

---

🔜 Coming Soon

• 🗂 Pagination: View 10–50 articles per page

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

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

---

🙌 Built With

• Nostr (Primal, Damus, etc.)

• GitHub Pages + Actions

• Python (asyncio, websockets)

• A little stubbornness

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

---

💡 Why This Matters

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

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

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

One article at a time.

---

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

@ 472f440f:5669301e

Marty's Bent

via me

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

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

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

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

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

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

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

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

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

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

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

Bitcoin's Volatility Won't End With Institutional Adoption

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

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

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

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

---

Headlines of the Day

Romania Adds Crypto Terminals to Post Offices - via X

Musk Claims Trump in Epstein Files - via X

Uber CEO Calls Bitcoin Proven Store of Value - via X

Get our new STACK SATS hat - via tftcmerch.io

---

Take the First Step Off the Exchange

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

Take control. Start with Bitkey.

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

---

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

---

Final thought...

The kids really do grow up faster than you expect.

---

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

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

@ cae03c48:2a7d6671

Bitcoin Magazine

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

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

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

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

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

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

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

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

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

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

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

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

— Bitcoin Magazine (@BitcoinMagazine) June 6, 2025

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

@ 2b998b04:86727e47

Solzhenitsyn Would Have Loved Bitcoin

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

\> “Solzhenitsyn would have understood Bitcoin.”

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

---

A Life of Resistance

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

His core belief was devastatingly simple:

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

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

---

Bitcoin: Truth That Resists

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

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

But the heart of it:

• A system that resists coercion.

• A ledger that cannot be falsified.

• A network that cannot be silenced.

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

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

---

Responsibility and Sovereignty

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

He once wrote:

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

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

---

I’ve Felt This Line Too

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

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

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

---

Final Word

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

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

---

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

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

---

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

@ da8b7de1:c0164aee

Sizewell C atomerőmű – 14,2 milliárd fontos állami beruházás

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

Főbb pontok:

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

Források::

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

@ 2b998b04:86727e47

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

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

Bitcoin will outlast the decay.

---

The Decaying System I Still Operate In

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

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

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

---

The Bitcoin Thesis: Deflation That Works for You

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

That changes the game.

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

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

---

Why This Matters for Builders

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

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

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

---

Final Word

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

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

Some things can actually hold. Some things can last.

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

---

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

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

@ cae03c48:2a7d6671

Bitcoin Magazine

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

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

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

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

— NLNico (@btcNLNico) June 9, 2025

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

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

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

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

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

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

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

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

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

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

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

@ 0689c075:2936ee11

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@ c5d54dd3:e4a3dfc6

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

Lightning-Python-Tools

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

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

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

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

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

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

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

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

https://stacker.news/items/1002005

@ 502ab02a:a2860397

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

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

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

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

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

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

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

เมื่อคนเริ่มติดรสชาติและบริษัทมีโครงสร้างอุตสาหกรรมรองรับแล้ว ก็ไม่แปลกที่มันจะกลายเป็นส่วนหนึ่งของชีวิตประจำวันของคนทั่วโลก และพอรัฐไม่เตือน แถมยังสนับสนุนเป็นนัย ๆ นานวันเข้าเราก็เลิกตั้งคำถามกันไปเองว่า “แล้วเรากินมันทำไมกันนะ?”

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

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

#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ 2b998b04:86727e47

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

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

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

But what happens when the curve flips?

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

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

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

And when you do work—it means more.

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

So what does a job look like in that world?

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

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

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

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

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

---

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

@ 4b3b215f:b091b1f9

Actualizado: Agosto 10, 2024

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

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

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

¡No confíes, verifica! ₿

¿Qué es Bitcoin?

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

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

¿Qué es Lightning? ⚡️

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

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

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

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

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

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

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

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

¿Por qué Debería Mi Negocio Aceptar Bitcoin?

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

Bitcoin es Bueno para los Negocios

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Cómo Aceptar Pagos en Bitcoin

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

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

Ahorra en Bitcoin.

1) Descarga la aplicación:

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

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

2) Crea una cuenta:

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

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

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

3) Recibir y enviar Bitcoin:

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

Aceptar Bitcoin en Persona y en Línea

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

Cómo Atraer Más Clientes Aceptando Bitcoin

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

Costo de Aceptar Bitcoin

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

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Acepta Bitcoin Ahora! ⚡️

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

Billeteras Custodiales

Blink - Billetera móvil de Bitcoin y Lightning

Wallet Of Satoshi - Billetera móvil de Bitcoin y Lightning

Sati - Billetera de Bitcoin y Lightning en WhatsApp

CoinOS - Billetera web (BTC/LN/Liquid)

Alby - Extensión de explorador y web

Billeteras No Custodiales

Phoenix - Billetera móvil de Lightning

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

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

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

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

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

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

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Lecturas Recomendadas

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

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Más Recursos

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

• Las 5 Etapas Para Convertirse En Un Bitcoiner

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

• Lee El White Paper de Satoshi Nakamoto En Español

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

@ 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

New York City Won’t Be Issuing BitBonds Anytime Soon

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

@ cae03c48:2a7d6671

Bitcoin Magazine

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

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

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

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

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

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

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

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

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

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

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

@ cae03c48:2a7d6671

Bitcoin Magazine

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

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

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

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

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

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

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

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

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

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

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

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

@ b83a28b7:35919450

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

nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qyghwumn8ghj7mn0wd68ytnhd9hx2tcqyr604hwzr8vvluvp8y0s42gu4x0e725cetugnh7g293g9cggtpujww6vn8n

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

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

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

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

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

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

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

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

Ten days in, the lessons are already crystallizing:

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

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

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

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

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

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

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

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

@ 8bad92c3:ca714aa5

Key Takeaways

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

Best Quotes

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

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

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

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

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

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

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

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

“Only a whale can be magnificent.”

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

Conclusion

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

Timestamps

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

Transcript

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

@ 7f6db517:a4931eda

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

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

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

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

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

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

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

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

@ 623893fc:f8e3eaad

testing something

@ cae03c48:2a7d6671

Bitcoin Magazine

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

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

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

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

— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025

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

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

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

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

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

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

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

@ b17fccdf:b7211155

---

Check out the MiniBolt guide -> HERE <-

---

• Core guides
• System
  • Preparations
  • Operating System
  • Remote access
  • Configuration
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• Bitcoin
  • Bitcoin client (Bitcoin Core)
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    • Pimp the command line
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    • Node.js + NPM
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    • PostgreSQL
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    • Store data in a secondary disk
• Bitcoin bonus guides
  • Electrum servers
    • Electrs
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    • Bisq
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    • Download the bitcoin white paper
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    • BTCPay Server
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    • MiniBolt on Testnet
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    • WireGuard VPN
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🏗️ Roadmap | 🌐 Dynamic Network map | 🔧 Issues | 📥 Pull requests | 🗣️ Discussions

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By ⚡2FakTor⚡

---

Last updated: 09/06/2025

@ da8b7de1:c0164aee

Az IAEA Kormányzótanácsának ülése Bécsben

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

Nukleáris üzemeltetés és szakpolitikai fejlemények

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

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

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

Zaporizzsjai Atomerőmű: Folyamatos aggodalmak

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

Új nukleáris projektek és technológiai innovációk

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

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

Iparági kilátások és befektetési trendek

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

Az amerikai nukleáris fegyverprogram mérföldköve

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

@ 623893fc:f8e3eaad

testing some top secret business

@ 97c70a44:ad98e322

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

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

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

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

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

Relays

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

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

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

Relay keys

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

AUTH

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

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

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

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

1. AUTH with implicit access controls.

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

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

Invite codes

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

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

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

See Frith for a relay implementation that supports invite codes.

Content

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

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

Rooms

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

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

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

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

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

Cross-posting

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

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

Privacy

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

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

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

Membership

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

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

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

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

Moderation

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

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

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

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

General best practices

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

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

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

@ e2287c73:33911b46

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

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

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

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

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

@ 000002de:c05780a7

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

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

Wrong answers only.

https://stacker.news/items/1001702

@ bf47c19e:c3d2573b

Originalna diskusija na reddit.com iz juna 2025

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

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

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

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

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

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

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

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

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

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Originalni post

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Odgovori

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

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

Logika trošenja Bitkoina

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

Da li je raspodela Bitkoina pravična?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Ponovo citiram:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Ali imam i ja pravo da kritikujem.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Ovdje griješiš:

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

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

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

Šta ima loše u deflaciji?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

To mi je bio stav.

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

Zašto mislim da će propasti?

Prosto zato što mu je neophodan konstantan brzi rast, da bi se održao, a konstantan brzi rast je prosto nemoguć na dugi rok.

Brzi, jak rast je neophodan da bi se održale tri stvari koje su od vitalnog značaja za bitkoin:

1. Moon narativ kao jedini pravi value proposition.
2. Isplativost majninga kao nešto što je neophodno za bezbednost mreže.
3. Jeftinoća transakcija.

Bez jakog rasta, uz stalne halvinge, majning postaje manje isplativ, mreža time manje bezbedna, transakcije postaju skuplje, jer kako drugačije majneri da zarade, istovremeno pada u vodu moon narativ koji je većini jedini pravi razlog za kupovinu.

Kad bitkoin postane "samo" store of value, ili neki standardni instrument štednje bez moon narativa, malo ko će imati motiva da ga kupi, jer su u svrhu obične, regularne štednje, bez moon narativa, zlato i državne obveznice mnogo bolji instrument, a indeksni fond uz to pruža i mnogo veći potencijal za zaradu, kao što i treba da bude (da se nagradi investiranje, a ne pasivno držanje kapitala).

Dakle, za opstanak bitkoina neophodan je jak, brz rast.

A ako uzmemo zadnjih par ciklusa, vidimo da se taj rast sve više usporava, i to se usporava još brže od nekih prognoza. Npr. za prošli ciklus prognoza je bila 100k - 200k, a on došao samo do 69k. Sad za ovaj ciklus opet se spominje 200k, a veliko je pitanje da li će doći i do 150k. Po meni je realno do 130k.

Šta to onda govori o ciklusima. Ako u odnosu na prošli ovaj nije napravio ni 2x rasta, onda za naredni možemo očekivati možda tek, 1.5x. Znači ako sad bude 130k, onda možda 2029. bude 195k...

Takav tempo rasta, toliko usporavanje, postaće uskoro nedovoljno, i bitkoin će postati neodrživ.

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hn-mc: BTW, svjestan sam da ako bitkoin uspije, mogu teoretski biti "štetočina" spram onih koji me slušaju, ali je veća šansa da će im čak i u tom slučaju moj savjet biti koristan - jer praksa je pokazala da je većina investitora dosad završila u minusu iz ovih ili onih razloga. To su prosto sirovi podaci.

To da nećeš izgubiti pare ako držiš duže od 4 godine dosad se pokazalo kao tačno, ali ni to nije zagarantovano u budućnosti.

A veliki broj ljudi iz nekog razloga proda ranije.

barrons.com/news/three-out-of-four-bitcoin-investors-have-lost-money-study-01668454507

Evo ti članak, kaže 75% ljudi koji se "bakćalo" s bitkoinom, završili u minusu.

Samo držanje bitkoina za mnoge ljude je stres jer nemaju povjerenja u to, i ako vide da nema brzog rasta, neće da drže svoj kapital u nečem tako rizičnom. Sa berze koini mogu nestati, ne bi bilo prvi put. Onlajn wallet može biti lažni, ili hakovan. Hardware wallet je dodatna investicija i za mnoge ljude too technical, itd...

Ja sam imao nekad nešto malo btc-a i dok sam imao to u btc-u ja sam smatrao da te pare NEMAM. Dok god ne vratiš to u keš koji ti je dostupan na računu, računaš da ih nemaš, jer nikad nisi 100% siguran da će svi koraci proći kako treba do samog kraja kad ti to legne na račun. Može ti hakovat, možeš se zajebat poslat na pogrešnu adresu, može te zajebat kriptomjenjačnica, svašta može bit.

Tek kad sam prodao i kad mi je leglo na račun, skonto sam da sam zaradio nešto i da je to realno.

@ 9f2b5b64:e811118f

testingggg