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Marty's Bent

via Kevin McKernan

There's been a lot of discussion this week about Casey Means being nominated for Surgeon General of the United States and a broader overarching conversation about the effectiveness of MAHA since the inauguration and how effective it may or may not be moving forward. Many would say that President Trump won re-election due to Robert F. Kennedy Jr. and Nicole Shanahan deciding to reach across the aisle and join the Trump ticket, bringing with them the MAHA Moms, who are very focused on reorienting the healthcare system in the United States with a strong focus on the childhood vaccine schedule.

I'm not going to lie, this is something I'm passionate about as well, particularly after having many conversations over the years with doctors like Kevin McKernan, Dr. Jack Kruse, Dr. Mary Talley Bowden, Dr. Brooke Miller, Dr. Peter McCullough and others about the dangers of the COVID mRNA vaccines. As it stands today, I think this is the biggest elephant in the room in the world of healthcare. If you look at the data, particularly disability claims, life insurance claims, life expectancy, miscarriage rates, fertility issues and rates of turbo cancer around the world since the COVID vaccine was introduced in 2021, it seems pretty clear that there is harm being done to many of the people who have taken them.

The risk-reward ratio of the vaccines seems to be incredibly skewed towards risk over reward and children - who have proven to be least susceptible to COVID - are expected to get three COVID shots in the first year of their life if their parents follow the vaccine schedule. For some reason or another it seems that Robert F. Kennedy Jr. has shied away from this topic after becoming the head of Health and Human Services within the Trump administration. This is after a multi-year campaign during which getting the vaccines removed from the market war a core part of his platform messaging.

I'm still holding out hope that sanity will prevail. The COVID mRNA vaccines will be taken off the market in a serious conversation about the crimes against humanity that unfolded during the COVID years will take place. However, we cannot depend on that outcome. We must build with the assumption in mind that that outcome may never materialize. This leads to identifying where the incentives within the system are misconstrued. One area where I think it's pretty safe to say that the incentives are misaligned is the fact that 95% of doctors work for and answer to a corporation driven by their bottom line. Instead of listening to their patients and truly caring about the outcome of each individual, doctors forced to think about the monetary outcome of the corporation they work for first.

The most pernicious way in which these misaligned incentives emerge is the way in which the hospital systems and physicians are monetarily incentivized by big pharma companies to push the COVID vaccine and other vaccines on their patients. It is important to acknowledge that we cannot be dependent on a system designed in this way to change from within. Instead, we must build a new incentive system and market structure. And obviously, if you're reading this newsletter, you know that I believe that bitcoin will play a pivotal role in realigning incentives across every industry. Healthcare just being one of them.

Bitcoiners who have identified the need to become sovereign in our monetary matters, it probably makes sense to become sovereign when it comes to our healthcare as well. This means finding doctors who operate outside the corporate controlled system and are able to offer services that align incentives with the end patient. My family utilizes a combination of CrowdHealth and a private care physician to align incentives. We've even utilized a private care physician who allowed us to pay in Bitcoin for her services for a number of years. I think this is the model. Doctors accepting hard censorship resistant money for the healthcare and advice they provide. Instead of working for a corporation looking to push pharmaceutical products on their patients so they can bolster their bottom line, work directly with patients who will pay in bitcoin, which will appreciate in value over time.

I had a lengthy discussion with Dr. Jack Kruse on the podcast earlier today discussing these topic and more. It will be released on Thursday and I highly recommend you freaks check it out once it is published. Make sure you subscribe so you don't miss it.

How the "Exorbitant Privilege" of the Dollar is Undermining Our Manufacturing Base

In my conversation with Lyn Alden, we explored America's fundamental economic contradiction. As Lyn expertly explained, maintaining the dollar's reserve currency status while attempting to reshore manufacturing presents a near-impossible challenge - what economists call Triffin's Dilemma. The world's appetite for dollars gives Americans tremendous purchasing power but simultaneously hollows out our industrial base. The overvalued dollar makes our exports less competitive, especially for lower-margin manufacturing, while our imports remain artificially strong.

"Having the reserve currency does come with a bunch of benefits, historically called an exorbitant privilege, but then it has certain costs to maintain it." - Lyn Alden

This dilemma forces America to run persistent trade deficits, as this is how dollars flow to the world. For over four decades, these deficits have accumulated, creating massive economic imbalances that can't be quickly reversed. The Trump administration's attempts to address this through tariffs showcase how difficult rebalancing has become. As Lyn warned, even if we successfully pivot toward reshoring manufacturing, we'll face difficult trade-offs: potentially giving up some reserve currency benefits to rebuild our industrial foundation. This isn't just economic theory - it's the restructuring challenge that will define America's economic future.

Check out the full podcast here for more on China's manufacturing dominance, the role of Bitcoin in monetary transitions, and energy production as the foundation for future industrial power.

Headlines of the Day

Coinbase to replace Discover in S\&P 500 on May 19 - via X

Mallers promises no rehypothecation in Strike Bitcoin loans - via X

Get our new STACK SATS hat - via tftcmerch.io

Missouri passes HB 594, eliminates Bitcoin capital gains tax - via X

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Final thought...

The 100+ degree days have returned to Austin, TX. Not mad about it... yet.

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Europäischer Tunnelblick

In unseren Breiten sprach man schon seit jeher gerne davon, dass »Amerika den Europäern immer voraus« ist. Dass »der alte Kontinent« stets zehn Jahre im Hintertreffen ist. In der Finanzbranche attestierte man auch gerne mal einen Rückstand von »20 Jahren«. Bemängelt wurde im Rahmen solcher Analysen zumeist die mangelnde Innovationskraft europäischer Unternehmen, die gemäß einschlägiger Experten vor allem auf die Regulierungswut der hiesigen Bürokratie zurückzuführen ist. Langwierige Genehmigungsprozesse, kompliziertes Steuerrecht, zu kleine Kapitalmärkte und komplexe Datenschutzanforderungen schrecken Gründer und Investoren ab. »Bürokraten regulieren Europa zu Tode«, bringt es der Ökonom und Unternehmer Dirk Specht am 29. November 2024 auf den Punkt. Aus Sicht des Entrepreneurs eine durchaus nachvollziehbare Einordnung.

Denn selbst wenn die Hürden der Unternehmensgründung einmal überwunden sind, machen Bürokratiekosten selbst in kleinen Firmen knapp drei Prozent vom Umsatz aus. Im industriellen Mittelstand übersteigen sie nicht selten die jährliche Bruttoumsatzrendite von durchschnittlich fünfeinhalb Prozent. Von den arbeitsrechtlichen Rahmenbedingungen – siehe Kündigungsschutz, Urlaubsanspruch und Lohnfortzahlung im Krankheitsfall – gar nicht erst anzufangen. In puncto Flexibilität ist Europa für Unternehmer also tatsächlich nur bedingt attraktiv.

Ganz anders die USA. Deregulierung, Seed-Capital en Masse und ein Arbeitsrecht, das den Slogan »Hire and fire« weltberühmt machte – gemäß Tagesschau vom 11. Februar 2025 übrigens ein Modell, das dank Microsoft, Meta und SAP langsam auch in Deutschland Einzug hält. Diese unternehmerische Freiheit – oder Zügellosigkeit – machte Amerika zum Start-up-Inkubator. Zum Gründerparadies. Wall Street, Motorcity, Silicon Valley, Hollywood, et cetera. Ein Mekka für Investoren. Und ein Alptraum für Arbeitnehmer.

Alles richtig. Oberflächlich betrachtet. Dass bei dieser sehr kurzsichtigen Analyse stets außer Acht gelassen wird, welchen Anteil die beiden Weltkriege, angloamerikanische Finanzdynastien, halbseidene NGO-Netzwerke und vor allem über ein Dutzend Geheimdienste an Amerikas Wirtschaftswachstum der vergangenen 100 Jahre haben, trübt den Blick der europäischen Unternehmergarde allerdings nachhaltig. Denn er negiert den historischen Kontext. Vermutlich läuft Roger Köppels Editorial für DIE WELTWOCHE vom 01. Mai 2025 deshalb immer noch ungeniert unter dem Titel »Hoffnungsträger Trump«.

Ich habe täglich Kontakt mit Geschäftspartnern in den USA – und bei denen ist von Hoffnung nicht (mehr) viel zu spüren. Begriffe wie Planungsprobleme, Stornierung, Unsicherheit oder Lieferengpass fallen dagegen immer häufiger. Investor’s Business Daily nannte den Zustand vor wenigen Stunden »ein Erdbeben«, weil Trumps »Handelskrieg-Tsunami« nun auch die Häfen der Vereinigten Staaten erreicht hat. Die laufen langsam leer. Frachter und Tanker mit Importwaren löschen ihre Ladung nicht. Oder kommen gar nicht mehr an. Die auf Basis von Strafzöllen zu erwartenden Lieferengpässe »könnten die Folgen der Covid-Krise übertreffen«, konstatiert das Investment-Magazin.

Was also passiert gerade in den Vereinigten Staaten? Sollte Europa tatsächlich neidisch auf die vermeintlichen Wettbewerbsvorteile Amerikas sein – oder gar auf die aktuellen politischen Entwicklungen? Auf Effizienzsteigerung der Marke DOGE? Nein, keinesfalls. Denn zum einen sorgen die turbokapitalistischen Exzesse im »Land der unbegrenzten Möglichkeiten« dafür, dass Arbeitnehmer endgültig zu Lohnsklaven degradiert werden, die den Launen von Märkten und Unternehmen relativ schutzlos ausgeliefert sind. Zum anderen beruht der Erfolg amerikanischer Konzerne keineswegs auf deren Innovationskraft, einem laxen Arbeitsrecht oder genialem Unternehmertum, sondern primär auf tiefenstaatlichem Interventionismus. Das gilt seit dem Jahrtausendwechsel vor allem für die Tech-Branche. Denn die USA sind nicht einfach eine Wirtschaftsmacht, sondern der militärische Arm des angloamerikanischen Empire.

Das zeigen die »Glorreichen Sieben« – Google, Microsoft, Apple, Amazon, Alphabet, Meta, Tesla und Nvidia – die allesamt erst durch Startfinanzierung seitens Militär und Geheimdiensten wurden, was sie heute sind: Die Speerspitze des technokratischen Totalitarismus. Nachdem selbst The Economist am 10. Dezember 2024 feststellte, dass mit der Wiederwahl von Donald Trump nun »die PayPal-Mafia die US-Regierung übernimmt«, sollte man in unseren Bereiten also eventuell etwas kritischer begutachten, was die entsprechenden Konzerne dort treiben. Denn es ist angesichts von Agenda 2030, aktuellen EU-Programmen, EZB-Planungen und einer Kriegswirtschaft kolportierenden Bundesregierung unter BlackRock-Merz nicht davon auszugehen, dass es dieses Mal zehn oder zwanzig Jahre dauert, bis diese Entwicklungen auch bei uns ankommen.

Palantir & DOGE

Das bezieht sich insbesondere auf Elon Musks DOGE – das »Department of Government Efficiency« – eine neu geschaffene Behörde, die sich auf Effizienzsteigerung in Sachen Regierungsgeschäfte konzentrieren soll. Dies selbstredend unter flächendeckender Zuhilfenahme von KI (Künstlicher Intelligenz), die wiederum auf entsprechende Datenpools angewiesen ist. Um solche kurzfristig zur Verfügung zu stellen, durchforstet, hackt und kapert Musks DOGE-Team die IT-Abteilungen, Server und Netzwerke von Ministerien und Bundesbehörden. Vor allem auf Finanzdaten hat man es abgesehen. An geltendes Recht hält sich DOGE dabei nicht. Datenschützer sind alarmiert. Und Whistleblower werden von Musks Team bedroht. All das passiert in enger Zusammenarbeit mit Oracle, einem weiteren von der CIA startfinanzierten IT-Riesen – und natürlich Palantir, dem von Peter Thiel gegründeten Spionage- und Killerkonzern.

So berichtete Reuters am 6. Mai 2025 beispielsweise über ein neues Gemeinschaftsprojekt von Elon Musks xAI und Palantir, das die Nutzung der jeweiligen KI-Lösungen im Finanzsektor vorantreiben will – dies, nachdem xAI, BlackRock und Microsoft bereits im März ein neues Konsortium zur Erweiterung von KI-Infrastruktur ins Leben riefen. Im Department of Homeland Security (DHS) ist DOGE aktuell damit beschäftigt, das IDENT-System des »Office of Biometric Identity Management« (OBIM) zu übernehmen – die weltweit größte Datenbank für biometrische Informationen, die von praktisch allen US-Behörden aber auch internationalen Partnern genutzt wird. Zusammengeführt werden sollen die von DOGE gekaperten Daten in HART (Homeland Advanced Recognition Technology System), einem neuen, mit über sechs Milliarden US-Dollar budgetierten Überwachungssystem des DHS, das in Kollaboration mit Palantir-Programmen die flächendeckende Überwachung der Bevölkerung analog zu China ermöglichen wird.

Palantir wurde 2003 gegründet und arbeitet seither, das belegt eine 2013 geleakte Kundenliste, für mindestens 12 US-Regierungseinrichtungen: CIA, DHS, NSA, FBI, CDC, Special Operations Command, et cetera. Schon vor knapp zehn Jahren häuften sich Berichte – wie zum Beispiel von WIRED am 9. August 2017 – die belegten, dass Palantir die vermeintlich vertraulichen Daten, die zum Beispiel Polizisten in Los Angeles seit 2009 in Datenbanken des Konzerns erfassen, kopiert, verkauft und zweckentfremdet. Dass Palantir das rechtsextreme, zionistische Regime von Benjamin Netanjahu bei seinem Genozid in Gaza unterstützt, ist ebenfalls kein Geheimnis mehr. Die strategische Partnerschaft zwischen Thiels Tötungsmaschine und den IDF wurde nach Berichten von Bloomberg vom 12. Januar 2024 gar ausgeweitet. Gideon Levy bescheinigt seinem Land in einem Beitrag der Haaretz vom 19. Januar 2025, in Gaza den »ersten faschistischen Krieg« seiner Geschichte zu führen. Womit wir wieder bei Palantir und den Vereinigten Staaten wären.

Denn wie ich bereits in meinem Artikel über Thiel vom 22. September 2024 in Aussicht gestellt hatte, kommt dem gebürtigen Frankfurter eine ganz besondere Rolle in Trumps neuer Regierung zu. Vom »Paten« der PayPal-Mafia und Geheimdienst-Frontmann zum Palantir-Boss und Bilderberg-Leitungsmitglied – und nun einflussreichsten Mann hinter der US-Regierung. Ohne Peter Thiels finanzielle Unterstützung wäre JD Vance weder Geschäftsmann noch Senator in Ohio oder US-Vizepräsident geworden. So verwundert es kaum, dass Palantir bereits 100 Tage nach Donald Trumps Amtsantritt Zugriff auf sämtliche Steuer-, Gesundheits- und Bewegungsdaten der US-Bevölkerung hat und diese in einer Datenbank zusammenführt, um seine KI darauf anzusetzen. Selbst die Speicher von Smartwatches und Fitness-Armbändern werden angezapft. Kein Datensatz ist mehr tabu.

Wie diese Daten künftig verwendet werden – und zwar gegen alles und jeden – zeigt eine von Palantir entwickelte Software namens »ImmigrationOS«. Ein System, das der US-Regierung hilft, das Leben von Migranten zu durchleuchten und permanent zu überwachen. Inklusive biografischer, biometrischer und Geolokationsdaten. Die auf Basis dieser Daten entwickelten Empfehlungen nutzt das ICE (Immigration and Customs Enforcement), um Menschen in die an Massentierhaltung erinnernden Supermax-Gefängnisse von El Salvador abzuschieben. Für Deportationen ohne Beweise, Anhörung, Gerichtsverhandlung und Rechtsgrundlage. Eine in dieser Form fraglos verfassungsfeindliche Ausweitung des »Catch and Revoke« Programms, dem anstelle illegaler Einwanderer nun auch Doktoranden, Studenten oder unbescholtene Arbeitnehmer zum Opfer fallen – siehe der Fall Kilmar Abrego Garcia – vor allem solche, die den Völkermord in Gaza kritisieren.

Es dürfte derweil nur eine Frage der Zeit sein, bis das zugrundliegende, am 30. April 2025 verabschiedete »Antisemitismus-Gesetz« auf weitere unliebsame Personenkreise angewendet wird. Der Bundesstaat Alabama lässt sich bereits von der fragwürdigen Deportationspraxis Washingtons inspirieren und kündigte in Person des Republikaners Chris Sells am 1. Mai 2025 an, selbst ein Gesetz erlassen zu wollen, das die Abschiebung verurteilter Personen ins Ausland ermöglicht. Gemäß Sells wolle man mit dem Gesetzesvorschlag nur ein Zeichen setzen. Mit einer Verabschiedung rechne man nicht. Trump verkündete unterdes, neben Migranten künftig auch US-Bürger und Ureinwohner nach El Salvador verfrachten zu wollen. Verfassungsrechtlich ein absolutes Tabu. Bisher.

The Atlantic nennt diese Entwicklungen am 27. April 2025 ein »amerikanisches Panoptikum«. Zu Recht. Denn Palantirs zentralisierter Datenpool wird sich zum mächtigsten Unterdrückungsinstrument der Zivilisationsgeschichte auswachsen – und in nicht allzu ferner Zukunft auch gegen jene MAGA-Anhänger eingesetzt werden, die solch faschistoide Vorgänge derzeit noch bejubeln. Gegen das, was da auf uns zukommt, waren Corona-Tracking und 2G-Segregation geradezu harmlos.

Entsprechend hellhörig sollte es machen, dass die NATO Palantirs KI-Lösungen – genauer: die »Maven AI« – künftig für militärische Planungszwecke einsetzt, wie eine Presseerklärung des »Verteidigungsbündnisses« vom 14. April 2025 ausführt. Denn »Project Maven« ist auf ein Memorandum des US-Verteidigungsministeriums vom 26. April 2017 zurückzuführen und hatte zum Ziel, ein »funktionsübergreifendes Team für algorithmische Kriegsführung« zu schaffen. Unterstützt wurde das US-Militär dabei zunächst von Google. Also dem Unternehmen, das einst unter dem Motto »Don’t be evil« – Sei nicht böse! – angetreten war. Begleitet wurde Googles Engagement für Project Maven von einem massiven Aufruhr in der Belegschaft und Artikelüberschriften wie »Hey Google, wen soll die US-Regierung heute töten?«. Offene Briefe an Google-Chef Sundar Pichai forderten 2018, der IT-Konzern solle die Partnerschaft mit dem Pentagon unverzüglich beenden. Und das tat Google auch.

Project Maven lief natürlich trotzdem weiter. Wie Breaking Defense am 27. April 2022 ausführte, wurde das Vorhaben nach Googles Rückzug der NGA (National Geospatial Intelligence Agency) unterstellt und gemäß Informationen des Forbes Magazine fortan von Eric Schmidt (Google, Bilderberg), Peter Thiel und James Murdoch, dem jüngeren Sohn von Rupert Murdoch finanziert. Maven AI ist das KI-Flaggschiff des US-Militärs – und wird jetzt als Palantir-Produkt weltweit ausgerollt. Vorboten sind in Hessen, Bayern und Nordrhein-Westfalen bereits im Einsatz und dürften angesichts der Iden des Merz wohl bald bundesweit Verwendung finden. Es ist also keineswegs übertrieben, wenn der US-Journalist Derrick Broze am 24. April 2025 von der »Palantir World Order« spricht – einem überstaatlichen Herrschaftssystem, das zuvorderst aufgrund seiner auf zwielichtigen bis illegalen Akkumulationsprozessen basierenden Deutungs- und Interventionshoheit in puncto Big Data fußt. Getreu dem Palantir-Slogan: »Die Software ist das Waffensystem«. Selbst eine in der ARD-Mediathek abrufbare Doku des NDR über Palantir von 10. Juni 2024 läuft unter dem eindeutigen Titel »Eine Software, die töten kann«.

Ja, das Geschäft mit dem industriell-digitalisierten Auftragsmord boomt. Denn internationale Konflikte nehmen zu und die Observationsökonomie erlebt einen Quantensprung. Entsprechend profitabel fiel das erste Quartal 2025 für Thiels Unternehmen aus. Stolze 884 Millionen US-Dollar stellte man Kunden in Rechnung. Ein Wachstum von 39 Prozent gegenüber dem Vorjahr und 21,7 Millionen mehr als prognostiziert. Am 5. Mai 2025 gab die Palantir Aktie zwar um 15 Prozent nach – laut Analysten könnte die Aktie aber auch um 70 Prozent fallen und wäre immer noch die teuerste Marke unter Softwareanbietern in diesem Segment.

Das sollte zu denken geben. Denn die USA durchlaufen eine Metamorphose – weg von demokratischen Strukturen und hin zur »Algokratie«. Die PayPal-Mafia hat das Weiße Haus gekapert und demonstriert dem Wertewesten, was er im Zuge der vierten industriellen Revolution zu erwarten hat: Tech-Feudalismus, dessen Oligarchen sich aufgrund vermeintlicher Sachzwänge schamlos über Recht und Gesetz hinwegsetzen. Nicht von ungefähr hat Donald Trump in seinen ersten 100 Amtstagen bereits 141 »Exekutive Orders« unterzeichnet. Ohne dabei auch nur einmal das Repräsentantenhaus einzubeziehen oder demokratische Prozesse zu respektieren. In diesem Lichte betrachtet erscheint das Cover des TIME Magazine vom Juni 2018, auf dem »The Donald« als König abgebildet war – Titel: »King me« – heute zeitgemäßer denn je.

Dunkle Aufklärung

Und das ist kein Zufall. Wirft man nämlich einen Blick auf die philosophischen Konzepte, die Menschen wie Peter Thiel, JD Vance oder Elon Musk inspirieren, zeigt sich, dass die entsprechenden Pamphlete genau das fordern: Eine postmoderne Version von Monarchie. Einen CEO, der das Land führt wie einen Großkonzern. Mittels KI – und auf Basis des amerikanischen Arbeitsrechts natürlich. Vielsagend, dass Donald Trump am 19. April 2025 auf Twitter ankündigte, exakt das tun zu wollen:

»Das ist gesunder Menschenverstand und wird ermöglichen, dass die Bundesregierung endlich „wie ein Unternehmen geführt wird“.«

Dass Trump den letzten Teil des Satzes in Anführungszeichen setzt, impliziert, dass er jemanden zitiert. Von wem die Phrase stammt, lässt er allerdings offen. Der US-Präsident scheint jedenfalls den Ratschlägen seines Vize JD Vance zu folgen, der bereits am 17. September 2021 in einem Interview mit dem Jack Murphy Podcast sagte:

»Was Trump tun sollte, wenn ich ihm einen Ratschlag geben dürfte: Feuere jeden einzelnen Bürokraten der mittleren Leitungsebene, jeden Beamten in der Verwaltung, und ersetze ihn mit unseren Leuten. Und wenn man dich dafür verklagt, wenn dich die Gerichte aufhalten wollen – denn man wird dich dafür verklagen – stell dich vor das Land, so wie Andrew Jackson, und sag den Menschen, dass der oberste Entscheidungsträger sein Urteil bereits gefällt hat. Jetzt lasst es ihn auch umsetzen.«

Und so geschah es. Denn als der Oberste Gerichtshof der Vereinigten Staaten am 19. April 2025 entschied, dass die juristisch fragwürdigen Deportationen zu stoppen sind, schrieb Donald Trump auf Twitter:

»Ich wurde unter anderem gewählt, um schlechte Menschen aus den Vereinigten Staaten zu entfernen. Ich muss meine Arbeit tun dürfen.«

Damit stellt sich Trump offen gegen die höchste juristische Instanz des Landes und fordert, trotz eines geltenden Urteils weitermachen zu können. Für dieses Vorgehen sucht er Rückhalt in der Bevölkerung. Er will die Gerichte unter Druck zu setzen, um regieren zu können wie ein Monarch. So, wie es die Vordenker der »Neoreaktionären Bewegung« (NRx) – zumeist »Dunkle Aufklärung« genannt – vorschlagen. Bei dieser politischen Philosophie handelt es sich selbst laut Wikipedia um ein »antidemokratisches, antiegalitäres, reaktionäres und neofeudales Konzept«. Geprägt wurde es von einem etwas kauzig anmutenden Blogger namens Curtis Yarvin, der auf seiner Webseite »Unqualified Reservations« ab 2007 und unter dem Pseudonym Mencius Moldbug Texte über das Versagen der Demokratie und Theorien zu alternativen Herrschaftsformen publizierte.

Weiterentwickelt wurden diese Konzepte unter anderem von Nick Land, einem britischen Schriftsteller, der als Vater des »Akzelerationismus« gilt und mit einem Blog-Beitrag aus dem Jahr 2013 auch den Begriff »Dunkle Aufklärung« für Yarvins Theorien aufbrachte. In seinen späteren Texten redete der Brite einem »wissenschaftlichen Rassismus«, der Eugenik und dem von ihm geprägten Begriff »Hyperrassismus« das Wort. Bei der rechtsnationalistischen bis rechtsextremen Alt-Right-Bewegung stieß er damit auf offene Ohren. Die deutsche Publikation »nd – Journalismus von Links« findet diesen »Philosophen der digitalen Entgrenzung« in einem Beitrag vom 21. Mai 2023 aber trotzdem »interessant«. Dass Nick Land gerne Amphetamin konsumiert und eine Weile im Haus des 1947 verstorbenen Satanisten Aleister Crowley lebte, scheint nd-Autor Konstantin Jahn eher Bewunderung abzuringen. Seinem ehemaligen Arbeitgeber, The New Center for Research & Practice, allerdings nicht – der setzte Land am 29. März 2017 wegen rassistischer Umtriebe vor die Tür.

Von Curtis Yarvin war nach der Einstellung seines Blogs im Jahr 2016 unterdes nicht mehr viel zu hören. Bis jetzt. Denn anno 2025 schreibt plötzlich die Financial Times über »die Philosophie hinter Trumps Dunkler Aufklärung«. Ebenso die New York Times, die Yarvin im Januar 2025 zum großen Interview für eine Titelstory bat. Selbst der Bayrische Rundfunk schrieb am 23. März 2025 über den einst nur Insidern bekannten Blogger. Und natürlich Politico, wo am 30. Januar 2025 ein Artikel über Yarvin erschien. Aufmacher: »Curtis Yarvins Ideen waren Randerscheinungen. Jetzt verbreiten sie sich in Trumps Washington«. Im Zuge seines Textes beschreibt Autor Ian Ward, wie Yarvin nach Washington reiste, um auf Einladung des Trump-Teams an der pompösen Inaugurationsfeier teilzunehmen, wo er unter anderem mit dem ehemaligen Thiel-Angestellten JD Vance sprach, der die politischen Theorien von Yarvin mehrfach bei öffentlichen Auftritten lobte, zitierte und als wichtigen Einfluss auf sein Denken nannte. Im Gespräch mit Ward führte Yarvin aus, dass er Trump gegenüber zunächst skeptisch gewesen sei, weil er sich nicht sicher war, ob Trump den von ihm empfohlenen Regimewechsel überhaupt durchziehen könne.

Zwischenzeitlich habe sich jedoch Optimismus eingestellt, so Yarvin, denn man könne in Trumps Kabinett eine »neugewonnene Selbstsicherheit und Aggressivität« spüren. Kein Wunder, besteht es doch in weiten Teilen aus Protegés, Kollegen, Geschäftspartnern und Freunden von Peter Thiel – zu letzteren gehört nach Aussage von Thiel übrigens auch der neue Chef der NIH (National Institutes of Health), Jay Bhattacharya, der zuvor unter anderem bei der Hoover Institution sowie der RAND Corporation tätig war. Aufgabenbereich: Demographie und Ökonomie von Gesundheit und Altern mit Schwerpunkt auf Regierungsprogrammen und biomedizinischer Innovation.

Wer sich mit Thiel beschäftigt hat, wird kaum überrascht sein, dass der in Frankfurt geborene Milliardär Anhänger der »Dunklen Aufklärung« ist. Schon im Mai 2016 schrieb Curtis Yarvin eine E-Mail an einen Bekannten und erklärte: »Ich coache Thiel«. Der brauche aber deutlich weniger politische Orientierungshilfe als gedacht, so Yarvin. »Ich habe die Wahlen in seinem Haus angeschaut. Ich glaube, mein Hangover dauerte bis Dienstag. Er (Thiel) ist völlig aufgeklärt, geht aber sehr vorsichtig vor«, konstatiert Yarvin in seiner Mail. Zu diesem Zeitpunkt stand der dunkle Aufklärer auch in Kontakt mit dem technischen Redakteur von Breitbart News, dem seinerzeit wichtigsten Sprachrohr von Trumps ehemaligem Chefstrategen Steve Bannon, »dem Medien-Baron der Alt-Right-Bewegung«, der sich ebenfalls an Yarvins Konzepten orientierte, dessen Bücher öffentlich empfahl und maßgeblich dazu beitrug, dass Donald Trump die Wahl gegen Hillary »Body Count« Clinton gewann.

Nach Angaben von BuzzFeed News stand auch Peter Thiel 2016 in Kontakt mit besagtem Breitbart-Redakteur. In einem Podcast auftreten, wollte er allerdings nicht. »Lass uns einfach Kaffee holen und dann schauen, was wir machen«, antwortete der Palantir-Gründer im Mai auf eine Interview-Einladung von Breitbart. Und im Juni lud Thiel den Breitbart-Mitarbeiter zum Abendessen in sein Haus in den Hollywood Hills ein. Man darf davon ausgehen, dass es bei diesen Gesprächen um finanzielle Unterstützung von Breitbart News, beziehungsweise der Alt-Right-Bewegung ging. Sprich, um Stimmungsmache für Trump.

Im Wahlkampf 2024 war Thiel weniger zurückhaltend. JD Vance hatte seinen Gönner ja auch bereits im August 2024 via Forbes Magazine dazu aufgerufen, »die Seitenlinie zu verlassen und für Trump zu spenden«. Kurz darauf überwies der Exil-Deutsche mindestens 1,25 Millionen Dollar. Die Betonung liegt auf mindestens. Denn als JD Vance 2022 für den Senat kandidierte, spendete Thiel ganze 15 Millionen US-Dollar für dessen Kampagne. Für manch einen vorausschauenden Journalisten war deshalb schon im Sommer 2024 klar: »Donald Trump ist Peter Thiels erfolgreichstes Investment«.

»Letztes Jahr veröffentlichte der Journalist Max Chafkin eine Biografie über Thiel (…), in der er Yarvin als den politischen Philosophen (…) für ein Netzwerk bezeichnete, das man als Thiel-Verse kennt. Das Buch erklärt, wie Thiel sowohl Cruz als auch Josh Hawley auf ihrem Weg in den Senat half. Es endet mit einem düsteren Bild des Milliardärs, der versucht, seinen politischen Einfluss immer offener auszuweiten (…). Masters und Vance unterscheiden sich von Hawley und Cruz, schreibt Chafkin – erstere sind verlängerte Arme von Thiel«.

Das konnte man in der Vanity Fair am 20. April 2022 über Thiels Bemühungen lesen, sich politischen Einfluss für Trumps zweite Amtsperiode zu sichern. Unter der Überschrift »Im Inneren der Neuen Rechten – wo Peter Thiel seine größten Einsätze platziert« erklärt das Blatt: »Sie sind nicht MAGA. Sie sind nicht QAnon. Curtis Yarvin und die aufstrebende Rechte entwickeln eine andere Form konservativer Politik«.

So stellt sich an dieser Stelle unweigerlich die Frage: Was für eine Politik soll das sein? Warum verkünden Thiel-Weggefährten wie Elon Musk stolz, »nicht nur MAGA, sondern Dark MAGA« zu sein?  Was fordern »Akzelerationismus« und »Dunkle Aufklärung«? Wie sieht der von Yarvin, Land, Thiel, Vance, Trump, Musk und Co. avisierte Soll-Zustand aus?

Auf den Punkt bringt das ein Akronym, das Curtis Yarvin seit 2012 benutzt: RAGE. Es steht für »Retire All Government Employees«, übersetzt also dafür, alle Regierungsmitarbeiter zu entlassen. Auch der von Thiel finanzierte Republikaner Blake Masters nutzte das Akronym schon öffentlich. Nur so könne man das amerikanische »Regime« stürzen. »Was wir brauchen«, so Yarvin, »ist ein nationaler CEO – oder das, was man einen Diktator nennt«. Die Amerikaner müssten ihre »Diktatoren-Phobie« überwinden, damit das Land »wie ein Start-up geführt werden kann«. Nach Ansicht von The Brooklyn Rail ist das mittlerweile der Fall. Denn am 30. Januar 2025 veröffentlichte das Medienportal einen Artikel, in dem Autor David Levi Strauss erklärt, die US-Bevölkerung akzeptiere nun endlich »die Idee, dass das Land von einem CEO und wie ein Konzern oder eine Diktatur geführt werden müsse, weil sie – wie Peter Thiel schon 2009 erklärte – nicht mehr daran glauben, dass Freiheit und Demokratie kompatibel sind«.

Ob Akzelerationismus, Neoreaktionäre Bewegung oder Dunkle Aufklärung, sie alle plädieren für eine Rückkehr zu traditionellen gesellschaftlichen Konstrukten und Regierungsformen, inklusive des absoluten Monarchismus. Dafür soll der Staat in eine private Aktiengesellschaft umgewandelt werden, in welcher dem Geschäftsführer absolute Macht zukommt. Gleichheit lehnen alle drei Strömungen als politisches Ziel ab. Stattdessen verfolgt man rationalistische oder utilaristische Konzepte sozialer Schichtung, die auf Erbmerkmalen oder Leistungsprinzipien beruhen – sprich, auf den Grundgedanken der Eugenik.

Diese neue Regierungsform, »Gov-Corp«, wie der britische Journalist Iain Davis das Modell in seinen betreffenden Artikeln und einem lesenswerten Zweiteiler betitelt, wird aufgrund der ihr zur Verfügung stehenden Technologie eine nie gekannte Machtfülle besitzen – eine Machtfülle, die sich aufgrund genau dieser Technologie mit Leichtigkeit als liberale Marktwirtschaft vermarkten lässt. Als rationales, effizientes und individuelle Freiheit suggerierendes Modell zur Steuerung von Staat, Wirtschaft und Gesellschaft. Obwohl man als Bürger – oder sagt man besser Kunde, Mitarbeiter oder Bilanzposition? – vertraglich verpflichtet wird, seine Rechte an die herrschende Konzernstruktur zu übertragen. Analog zu den Bewohnern von Peter Thiels »Start-up City« Próspera – die derzeit versucht, ihr Gastland Honduras mit einer erfolgsversprechenden Klage im Wert von 10,7 Milliarden US-Dollar in den Staatsbankrott zu treiben.

Universelle Menschenrechte sind im Gov-Corp-Modell jedenfalls nicht vorgesehen. Wenn neoreaktionäre Theoretiker wie Curtis Yarvin von »Exit« sprechen, also vom Verlassen demokratischer Strukturen, stellen sie gleichzeitig eine »Opt-in-Society« in Aussicht. Was vordergründig erst einmal gut klingt, soll man sich die Serviceangebote des Staates doch nach eigenen Bedürfnissen konfigurieren dürfen, entpuppt sich schnell als totalitäres wie inhumanes Konstrukt. Als Tech-Feudalismus. Denn für diejenigen, die in der »sozialen Schichtung« untere Ränge bekleiden, sich die Serviceangebote von Gov-Corp nicht leisten können oder den Chef kritisieren, wird es rasch ungemütlich. Siehe Supermax-Gefängnisse.

Dementsprechend zurückhaltend sollte man sein, wenn verheißungsvolle Begriffe wie Freedom Cities, Charter Cities, Start-up Cities oder »Network State« fallen. Denn gerade letzterer steht für nichts anderes als die finale Ausbaustufe von Gov-Corp. Für ein Netzwerk autonomer Städte, die jeweils von einem eigenen CEO mit absolutistischer Macht geführt werden. Sprich, für einen Zusammenschluss kleiner Königreiche – oder Niederlassungen – eines Konzerns namens Regierung. Das Konzept Netzwerk-Staat ist in dieser Form Balaji Srinivasan zuzuschreiben, dem ehemaligen CTO von Coinbase und Partner von Andreessen Horowitz. Sein im Juli 2022 veröffentlichtes Buch »The Network State« beschreibt auf fast 500 Seiten, wie »der Nachfolger des Nationalstaats« aussehen soll. Eine unausgegorene Spinnerei ist das Ganze also nicht mehr. Im Gegenteil. Srinivasan gründete extra einen Fond, um das Konzept Netzwerk-Staat voranzutreiben und wird dabei von diversen Tech-Milliardären unterstützt.

Vor diesem Hintergrund verwundert es nicht, dass Netscape-Gründer Marc Andreessen bereits Anfang Oktober 2013 prognostizierte, dass »es in den kommenden Jahren doppelt so viele, oder drei oder vier Mal so viele Länder geben wird«. Andreessens »Techno-Optimist Manifesto« vom 16. Oktober 2023 erwähnt zwar weder Yarvin noch Land oder Srinivasan, aber es outet den Verfasser als eingefleischten Akzelerationisten – und als Fan des Transhumanisten Ray Kurzweil.

Für Außenstehende mag Srinivasans Konzept abseitig anmuten. Aber es zog Kreise. Selbst die New York Times berichtete am 28. Oktober 2013 über eine Rede des bekennenden Staatsfeinds bei der Silicon Valley »Startup School«. Der entsprechende Artikel eröffnet mit dem Worten: »Silicon Valley aufgeschreckt von Sezessionsruf. Erst die Sklavenhalter im Süden, jetzt das. Versucht Silicon Valley, sich von Amerika abzuspalten?«. Während das Nachrichtenportal TechCrunch die »Dunkle Aufklärung« Ende 2013 noch als Bewegung von Nerds abtat, die eine Monarchie fordern, sprach man beim britischen Telegraph im Januar 2014 bereits von »anspruchsvollem Neo-Faschismus«.

Die Granden der Big-Tech-Branche wissen seit über einem Jahrzehnt, dass ihr digital-finanzieller Komplex die Welt beherrscht und sie mittels Disruption jede andere Industrie zum Handlanger degradiert haben. Dementsprechend selbstbewusst treten ihre Vordenker, Theoretiker und Philosophen auf. Nicht umsonst teilt auch Patri Friedman, Enkel des Nobelpreisträgers Milton Friedman, neoreaktionäre Positionen – auch wenn er sich 2009 mit Yarvin überwarf, seither »eine politisch korrektere dunkle Aufklärung« fordert und nun eigene Freedom Cities auf schwimmenden Plattformen in internationalen Gewässern schaffen will. Dafür gründete er 2019 Pronomos Capital, ein Unternehmen, das über 13 Millionen US-Dollar von Thiel, Srinivasan und Andreessen erhielt, Próspera finanziert und ähnliche Projekte in Afrika, Südostasien und Palau im Portfolio hat.

Die omnipräsente Konstante: Peter Thiel – der nicht nur in Firmen von Yarvin, Srinivasan oder Friedman investiert, sondern Donald Trump auch bei der Auswahl von Kabinettsmitgliedern beriet. So kam es, dass Thiels Kumpel Srinivasan sogar im Gespräch für den Chefposten der FDA (Food and Drug Administration) war. Eine hochrangige Position im Staatsapparat. Erstaunlich, erinnert man sich an dessen staatsfeindliche Rede bei der »Startup School«. Die Japan Times findet am 19. Juni 2024 passende Worte für diese Vorgänge:

»Es wird immer deutlicher: Führende Techno-Libertäre (…) sind nur insoweit gegen den Staat, als er sie nicht persönlich bereichert. Angesichts der Aussicht, dass die Regierung zu einem Großkunden wird, löst sich der einst prinzipielle Widerstand gegen die Staatsmacht auf. Dieser Wandel lässt sich auch bei Thiel selbst beobachten. 2009 erklärte er, dass die große Aufgabe für Libertäre darin bestehe, Politik in all ihren Formen zu entkommen. Doch 2016 engagierte sich Thiel voll und ganz für Parteipolitik und hielt eine Rede auf dem Parteitag der Republikaner. Inzwischen ist Palantir, das von ihm mitgegründete Datenanalyseunternehmen, zu einem Giganten herangewachsen und profitiert von riesigen Regierungsaufträgen. Fast die Hälfte seiner Einnahmen stammt mittlerweile aus öffentlichen Mitteln.«

Keine Frage: Peter Thiel ist Dreh- und Angelpunkt hinter der neuen US-Regierung. Der Pate der PayPal-Mafia ist der mächtigste Mann in Washington und Palantir die treibende Kraft hinter dem digitalen Panoptikum, das sich dort derzeit formiert. Und was Elon Musk als DOGE verkauft, erinnert im Kern an RAGE. Selbst das TIME Magazine stellt anhand der bislang 30.000 gefeuerten Regierungsmitarbeiter fest, dass die Vorgehensweise von Trump und Co. keineswegs Zufall ist, sondern exakt der Programmatik von Yarvins »Dunkler Aufklärung« folgt. Nur in unseren Breiten tut man sich immer noch schwer damit, das zu erkennen – oder einräumen zu wollen.

Dafür gibt es zwei Gründe. Erstens: Bis dato hat kein deutschsprachiger Journalist ausführlich über diese Zusammenhänge berichtet und den notwendigen Kontext hergestellt. Zweitens: Ist man vom herrschenden System enttäuscht und stößt bei der Suche nach Alternativen auf die Analysen von Yarvin oder Srinivasan, wirken diese wie Balsam in den Ohren, geht man als Kritiker des übermächtigen und -griffigen Staates doch in weiten Teilen mit deren Einordnung aktueller Probleme konform. Selbst die Lösungsvorschläge der dunklen Aufklärer wirken plausibel. Zumindest theoretisch. Mehr Autonomie, Dezentralität, Effizienz, Prosperität – und viel weniger Staat. Klingt attraktiv. Vor allem im Vergleich mit dem kollektivistischen Wohlfahrtspaternalismus der vergangenen Dekaden.

Die Rattenfänger aus dem Silicon Valley erzählen dem enttäuschten und von Politik angewiderten Demos, was er hören will. Im Bereich Neuro-Linguistisches Programmieren (NLP) nennt man das die Echo-Technik. Sie sorgt dafür, dass sich das Gegenüber wahr- und ernstgenommen fühlt. Dass es sich öffnet. Das funktioniert erstaunlich gut. Bis man sich anschaut, woher das Geld kommt und wohin die Daten fließen. Bis man erkennt, dass solch ein System, die Algokratie, für deutlich mehr Zentralisierung steht – für mehr Staat, für Datenzentren von Tech-Despoten und interoperable Blockchain-Plattformen von Finanzkartellen. Für einen digitalen Gulag und Gewalt gegen Andersdenkende. Für die Abschaffung universeller Menschenrechte.

Sicher. Man weiß nicht, ob die »Dunkle Aufklärung«, ob Akzelerationismus und ein Netzwerk-Staat mit CEO – oder »Diktator« – nicht vielleicht besser funktionieren als Demokratie. Manch einer denkt, man könne es ja mal versuchen. Das wollte auch der Anarcho-Kapitalist Jeff Berwick, alias The Dollar Vigilante. Im März 2025 reiste er nach Honduras, um sich Próspera anzuschauen und anschließend für das Freedom-City-Projekt zu werben. Doch ein paar Tage vor der mit der Stadtverwaltung abgestimmten Visite und Führung erhielt er eine E-Mail vom Rechtsanwalt des Unternehmens, der ihm zu seiner Überraschung mitteilte, er dürfe nun doch nicht anreisen – und hätte ab sofort generelles Zutrittsverbot für das Gelände der »Sonderentwicklungszone«. Wahrscheinlich fand die Presseabteilung von Próspera bei der vorbereitenden Überprüfung seiner Person heraus, dass Jeff Berwick von Technokratie, Zionismus, Krieg, Trump, Vance und auch der PayPal-Mafia nicht allzu viel hält. Er bezeichnet sich nämlich als »Verschwörungsrealist« – und war auf der Suche nach Freiheit. Die ist aber offenbar auch in Próspera Mangelware.

@ 0808d68b:10b2ef7d

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@ 472f440f:5669301e

Marty's Bent

Last week we covered the bombshell developments in the Samourai Wallet case. For those who didn't read that, last Monday the world was made aware of the fact that the SDNY was explicitly told by FinCEN that the federal regulator did not believe that Samourai Wallet was a money services business six months before arresting the co-founders of Samourai Wallet for conspiracy to launder money and illegally operating a money services business. This was an obvious overstep by the SDNY that many believed would be quickly alleviated, especially considering the fact that the Trump administration via the Department of Justice has made it clear that they do not intend to rule via prosecution.

It seems that this is not the case as the SDNY responded to a letter sent from the defense to dismiss the case by stating that they fully plan to move forward. Stating that they only sought the recommendations of FinCEN employees and did not believe that those employees' comments were indicative of FinCEN's overall views on this particular case. It's a pretty egregious abuse of power by the SDNY. I'm not sure if the particular lawyers and judges within the Southern District of New York are very passionate about preventing the use of self-custody bitcoin and products that enable bitcoiners to transact privately, or if they're simply participating in a broader meta war with the Trump administration - who has made it clear to federal judges across the country that last Fall's election will have consequences, mainly that the Executive Branch will try to effectuate the policies that President Trump campaigned on by any legal means necessary - and Samouari Wallet is simply in the middle of that meta war.

However, one thing is pretty clear to me, this is an egregious overstep of power. The interpretation of that law, as has been laid out and confirmed by FinCEN over the last decade, is pretty clear; you cannot be a money services business if you do not control the funds that people are sending to each other, which is definitely the case with Samourai Wallet. People downloaded Samourai Wallet, spun up their own private-public key pairs and initiated transactions themselves. Samourai never custodied funds or initiated transactions on behalf of their users. This is very cut and dry. Straight to the point. It should be something that anyone with more than two brain cells is able to discern pretty quickly.

It is imperative that anybody in the industry who cares about being able to hold bitcoin in self-custody, to mine bitcoin, and to send bitcoin in a peer-to-peer fashion makes some noise around this case. None of the current administration's attempts to foster innovation around bitcoin in the United States will matter if the wrong precedent is set in this case. If the SDNY is successful in prosecuting Samourai Wallet, it will mean that anybody holding Bitcoin in self-custody, running a bitcoin fold node or mining bitcoin will have to KYC all of their users and counterparts lest they be labeled a money services business that is breaking laws stemming from the Bank Secrecy Act. This will effectively make building a self-custody bitcoin wallet, running a node, or mining bitcoin in tillegal in the United States. The ability to comply with the rules that would be unleashed if this Samourai case goes the wrong way, are such that it will effectively destroy the industry overnight.

It is yet to be seen whether or not the Department of Justice will step in to publicly flog the SDNY and force them to stop pursuing this case. This is the only likely way that the case will go away at this point, so it is very important that bitcoiners who care about being able to self-custody bitcoin, mine bitcoin, or send bitcoin in a peer-to-peer fashion in the United States make it clear to the current administration and any local politicians that this is an issue that you care deeply about. If we are too complacent, there is a chance that the SDNY could completely annihilate the bitcoin industry in America despite of all of the positive momentum we're seeing from all angles at the moment.

Make some noise!

Bitcoin Adoption by Power Companies: The Next Frontier

In my recent conversation with Andrew Myers from Satoshi Energy, he shared their ambitious mission to "enable every electric power company to use bitcoin by block 1,050,000" – roughly three years from now. This strategic imperative isn't just about creating new Bitcoin users; it's about sovereignty. Andrew emphasized that getting Bitcoin into the hands of energy companies who value self-sovereignty creates a more balanced future economic landscape. The excitement was palpable as he described how several energy companies are already moving beyond simply selling power to Bitcoin miners and are beginning to invest in mining operations themselves.

"You have global commodity companies being like, 'Oh, this is another commodity – we want to invest in this, we want to own this,'" - Andrew Myers

Perhaps most fascinating was Andrew's revelation about major energy companies in Texas developing Bitcoin collateral products for power contracts – a practical application that could revolutionize how energy transactions are settled. As energy companies continue embracing Bitcoin for both operations and collateral, we're witnessing the early stages of a profound shift in how critical infrastructure interfaces with sound money. The implications for both sectors could be transformative.

Check out the full podcast here for more on remote viewing, Nikola Tesla's predictions, and the convergence of Bitcoin and AI technology. We cover everything from humanoid robots to the energy demands of next-generation computing.

Headlines of the Day

Steak n Shake to Accept Bitcoin at All Locations May 16 - via X

Facebook Plans Crypto Wallets for 3B Users, Bitcoin Impact Looms - via X

Trump Urges Americans to Buy Stocks for Economic Boom - via X

UK Drops Tariffs, U.S. Farmers Set to Reap Major Benefits - via X

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Final thought...

Happy belated Mother's Day to all the moms out there.

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@ 83279ad2:bd49240d

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@ 472f440f:5669301e

Marty's Bent

Last week we covered the bombshell developments in the Samourai Wallet case. For those who didn't read that, last Monday the world was made aware of the fact that the SDNY was explicitly told by FinCEN that the federal regulator did not believe that Samourai Wallet was a money services business six months before arresting the co-founders of Samourai Wallet for conspiracy to launder money and illegally operating a money services business. This was an obvious overstep by the SDNY that many believed would be quickly alleviated, especially considering the fact that the Trump administration via the Department of Justice has made it clear that they do not intend to rule via prosecution.

It seems that this is not the case as the SDNY responded to a letter sent from the defense to dismiss the case by stating that they fully plan to move forward. Stating that they only sought the recommendations of FinCEN employees and did not believe that those employees' comments were indicative of FinCEN's overall views on this particular case. It's a pretty egregious abuse of power by the SDNY. I'm not sure if the particular lawyers and judges within the Southern District of New York are very passionate about preventing the use of self-custody bitcoin and products that enable bitcoiners to transact privately, or if they're simply participating in a broader meta war with the Trump administration - who has made it clear to federal judges across the country that last Fall's election will have consequences, mainly that the Executive Branch will try to effectuate the policies that President Trump campaigned on by any legal means necessary - and Samouari Wallet is simply in the middle of that meta war.

However, one thing is pretty clear to me, this is an egregious overstep of power. The interpretation of that law, as has been laid out and confirmed by FinCEN over the last decade, is pretty clear; you cannot be a money services business if you do not control the funds that people are sending to each other, which is definitely the case with Samourai Wallet. People downloaded Samourai Wallet, spun up their own private-public key pairs and initiated transactions themselves. Samourai never custodied funds or initiated transactions on behalf of their users. This is very cut and dry. Straight to the point. It should be something that anyone with more than two brain cells is able to discern pretty quickly.

It is imperative that anybody in the industry who cares about being able to hold bitcoin in self-custody, to mine bitcoin, and to send bitcoin in a peer-to-peer fashion makes some noise around this case. None of the current administration's attempts to foster innovation around bitcoin in the United States will matter if the wrong precedent is set in this case. If the SDNY is successful in prosecuting Samourai Wallet, it will mean that anybody holding Bitcoin in self-custody, running a bitcoin fold node or mining bitcoin will have to KYC all of their users and counterparts lest they be labeled a money services business that is breaking laws stemming from the Bank Secrecy Act. This will effectively make building a self-custody bitcoin wallet, running a node, or mining bitcoin in tillegal in the United States. The ability to comply with the rules that would be unleashed if this Samourai case goes the wrong way, are such that it will effectively destroy the industry overnight.

It is yet to be seen whether or not the Department of Justice will step in to publicly flog the SDNY and force them to stop pursuing this case. This is the only likely way that the case will go away at this point, so it is very important that bitcoiners who care about being able to self-custody bitcoin, mine bitcoin, or send bitcoin in a peer-to-peer fashion in the United States make it clear to the current administration and any local politicians that this is an issue that you care deeply about. If we are too complacent, there is a chance that the SDNY could completely annihilate the bitcoin industry in America despite of all of the positive momentum we're seeing from all angles at the moment.

Make some noise!

Bitcoin Adoption by Power Companies: The Next Frontier

In my recent conversation with Andrew Myers from Satoshi Energy, he shared their ambitious mission to "enable every electric power company to use bitcoin by block 1,050,000" – roughly three years from now. This strategic imperative isn't just about creating new Bitcoin users; it's about sovereignty. Andrew emphasized that getting Bitcoin into the hands of energy companies who value self-sovereignty creates a more balanced future economic landscape. The excitement was palpable as he described how several energy companies are already moving beyond simply selling power to Bitcoin miners and are beginning to invest in mining operations themselves.

"You have global commodity companies being like, 'Oh, this is another commodity – we want to invest in this, we want to own this,'" - Andrew Myers

Perhaps most fascinating was Andrew's revelation about major energy companies in Texas developing Bitcoin collateral products for power contracts – a practical application that could revolutionize how energy transactions are settled. As energy companies continue embracing Bitcoin for both operations and collateral, we're witnessing the early stages of a profound shift in how critical infrastructure interfaces with sound money. The implications for both sectors could be transformative.

Check out the full podcast here for more on remote viewing, Nikola Tesla's predictions, and the convergence of Bitcoin and AI technology. We cover everything from humanoid robots to the energy demands of next-generation computing.

Headlines of the Day

Steak n Shake to Accept Bitcoin at All Locations May 16 - via X

Facebook Plans Crypto Wallets for 3B Users, Bitcoin Impact Looms - via X

Trump Urges Americans to Buy Stocks for Economic Boom - via X

UK Drops Tariffs, U.S. Farmers Set to Reap Major Benefits - via X

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Final thought...

Happy belated Mother's Day to all the moms out there.

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@ 615d5a95:c3b79c24

HI365 ra đời như một nền tảng trực tuyến hoàn hảo, đáp ứng mọi nhu cầu giải trí và phát triển kỹ năng của người dùng trong một không gian số hiện đại. Với giao diện được thiết kế tinh tế, dễ sử dụng và tối ưu hóa cho mọi thiết bị, từ điện thoại di động đến máy tính để bàn, HI365 mang đến trải nghiệm mượt mà và đầy tiện ích cho người tham gia. Nền tảng này chú trọng vào việc mang lại sự linh hoạt trong việc truy cập và tương tác, giúp người dùng dễ dàng tìm kiếm và tham gia vào các hoạt động phù hợp với sở thích và nhu cầu cá nhân. Bên cạnh đó, HI365 cung cấp một hệ thống cá nhân hóa thông minh, cho phép người dùng tùy chỉnh trải nghiệm của mình sao cho phù hợp nhất, từ việc tham gia các hoạt động sáng tạo cho đến thử thách khả năng phân tích và quyết định. Những tính năng này giúp tạo nên một không gian trực tuyến không chỉ giải trí mà còn mang lại giá trị thực sự cho người tham gia.

Một trong những điểm mạnh của HI365 là cộng đồng người dùng thân thiện và năng động, nơi mọi người có thể chia sẻ những kinh nghiệm, học hỏi lẫn nhau và cùng nhau phát triển. Với hệ thống kết nối linh hoạt và các tính năng tương tác hiệu quả, HI365 không chỉ là nơi để giải trí mà còn là không gian để người dùng nâng cao kỹ năng và tư duy chiến lược. Các hoạt động tại HI365 được thiết kế khoa học, dễ tiếp cận nhưng không thiếu sự thử thách, giúp người dùng rèn luyện sự nhạy bén trong quyết định và khả năng phân tích tình huống. Cộng đồng tại HI365 luôn duy trì sự cạnh tranh lành mạnh và động viên lẫn nhau phát triển, từ đó tạo ra môi trường học hỏi và sáng tạo không ngừng. Những tính năng như bảng xếp hạng, sự kiện đặc biệt hay các cuộc thi trực tuyến giúp gia tăng tính hấp dẫn và thú vị, đồng thời thúc đẩy người dùng phát triển không chỉ về kỹ năng mà còn về mặt tư duy sáng tạo.

Không chỉ chú trọng đến trải nghiệm người dùng và sự phát triển cộng đồng, HI365 còn cam kết mang lại một môi trường an toàn và bảo mật cho tất cả người tham gia. Được trang bị hệ thống bảo mật tiên tiến, HI365 bảo vệ thông tin người dùng một cách tuyệt đối, giúp người tham gia yên tâm tận hưởng những hoạt động mà không phải lo lắng về các vấn đề bảo mật. Đội ngũ hỗ trợ khách hàng chuyên nghiệp luôn sẵn sàng giải đáp thắc mắc và hỗ trợ người dùng 24/7, đảm bảo mọi trải nghiệm tại nền tảng này luôn suôn sẻ và trọn vẹn. Với những tính năng liên tục được cải tiến, HI365 không ngừng nâng cao chất lượng dịch vụ để đáp ứng nhu cầu ngày càng cao của người dùng. Những cải tiến này không chỉ giúp tối ưu hóa trải nghiệm mà còn làm phong phú thêm các lựa chọn và hoạt động mà nền tảng mang lại. Nhờ vậy, HI365 không chỉ là một nền tảng giải trí mà còn là nơi giúp người dùng phát triển và rèn luyện những kỹ năng quan trọng trong cuộc sống.

@ af92154b:b59d671f

Since World War II, America has doubled down on the Car and the Jetplane as the primary mode of short- and long-range transportation respectively. The construction of the interstate highway system in the 1950's was ostensibly for civil and economic purposes, however the military applications of being able to move large numbers of soldiers and war material across the vast distance of the US mainland were not lost on the planners of the system. The development of civilian air travel industry followed a similar rationale, to promote a viable industrial base of aerospace manufacturers who could be easily re-tasked for war should the need arise.

Now in the 21st century we frequently forget these facts and provide convenient ex-post-facto justifications for why we drive and fly everywhere. "It's just more convenient... It must be that the market naturally arrived at this solution!"

Not quite. As a vast array of literature from academics like the late Donald Shoup has shown in works like The High Cost of Free Parking, American cities and suburbs were designed (in many cases, top-down, by fiat) around cars. And in turn, most Americans have designed their lives around cars, in such a way that they couldn't imagine living without their own personal 2-ton transportation machine in their garage.

But here I wanted to ask: What form of transportation actually aligns with the core values expressed in Bitcoin? What is most anonymous, permission-less, and decentralized form of mobility technology?

Breakdown of Mobility Modes

Here I will argue, perhaps counter-intuitively, that it's not the car. The following table is an entirely subjective, but I believe nonetheless reasonable, breakdown of 7 of the most commonly used modes of mobility in the developed world across three core values that I believe are expressed in Bitcoin culture:

| Mode | Range | Scheduled? | Anonymous? | Permission Level | | --- | --- | --- | --- | --- | | Walking | ~1 mi | No ✅| Yes ✅| None ✅| | Cycling | ~5 mi | No ✅| Yes ✅| None ✅| | E-Mobility | ~15 mi | No ✅| Yes ✅| None ✅| | Local Transit | ~25 mi | Maybe 🚧| Yes ✅| Low 🚧| | Driving | ~300 mi | No ✅| No 🛑| High 🛑| | Intercity Rail | ~1000 mi | Yes 🛑| Yes ✅| Low 🚧| | Passenger Jet | ~8000 mi | Yes 🛑| No 🛑| High 🛑|

My explanations for each category are below:

Scheduling: Go Anytime

To many, this is a core component of what they think of as "freedom" in mobility. This is the attraction to many of the car: go anytime.

However, it's important to note that this attribute is shared with walking, biking, and e-mobility. And, it should be mentioned, better public transit systems that have low headways (i.e. time between trains and buses) approach "go anytime" methods of travel. If you're only waiting ~5-10 minutes for the next bus or train, this becomes functionally equivalent to the "go anytime" convenience of cars, especially if one factors in traffic, parking, & etc.

Longer-distance travel, planes and trains, will obviously require some aspect of scheduling in advance.

Anonymity

What forms of transportation allow you to travel anonymously? Well, we can clearly strike cars and planes off that list. Car travel requires both you and your vehicle to be registered with the state. You literally carry a visible ID (license plate) with you every time you leave the house. Can you imagine having to strap a number to your back every time you walk out of the house? And things only get more stringent when stepping on a plane, especially with the implementation of RealID nationwide.

In contrast, police overreach notwithstanding, nobody is asking for your ID for simply walking on the sidewalk, biking or e-mobility. Neither do bikes or e-scooter devices generally need to be registered (although it's a good idea to use private registries for your bike in case it gets stolen).

Even intra- and inter-city rail systems generally allow for payments in cash, thus allowing for anonymous travel using these means. They certainly aren't checking ID's by default.

So we see that on anonymity, any means of transport other than cars or planes are superior.

Permissioned vs Permissionless Movement

Here again, Cars and Planes are clearly inferior to all other forms described. As we're all told in high school Driver's Ed, "driving is a privilege, not a right." The nature of car and plane travel is inherently subsidized, regulated, monitored, and most importantly permissioned by the State.

It's almost sad from a libertarian perspective to see how much "faux-individuality" is expressed by American car culture. We deck out our cars with custom decals, detail the interiors, and see them as some expression of our individuality and personal freedom. Meanwhile, practically every aspect of car travel, from the size and shape of the vehicles, the size and markings of roads, the guarantee (or at least reasonable expectation) that there will be available parking at both points of your journey... it's all a product of decades of subsidies, regulation, and Technocracy.

But I digress. No permission is needed to walk or ride a bike. And, assuming you pay your fare and are not violating the code of conduct, your permission to use public transit is assumed by default, rather than you needing to prove it, as is the case for both driving and flying.

Conclusion

Here I'm attempting to take stock of values that are important to many bitcoiners, as I perceive them (us?) as a group: Freedom, anonymity, and permissionless action. I've argued here that, applying these values to the mobility space, bitcoiners should focus on a combination of walking, biking, e-mobility, public transit, and trains over cars and air travel, as the former methods maximize these values over the latter.

I expect (if anyone's even reading this) there to be some cultural shock; the "modal" bitcoiner as I perceive them, much like the average libertarian, skews to the Right culturally (if not politically). And that might mean you're thinking "you'll pry my cold dead fingers off my F-150's steering wheel!" Or, maybe you're making (entirely reasonable) complaints: "But (bus system in my area) is non-existent or underfunded! But (street network in my area) doesn't even have sidewalks!"

All I'm saying is: convenience comes with a cost. You know what's convenient? The fiat system. Paying with your credit card. Driving everywhere. Freedom, like Bitcoin (heck like Nostr) is, at least for now, inconvenient. It takes effort to unlearn what you've learned, as Yoda put it. But the reward is a more free life.

@ 8b19a626:6da35f21

I did not arrive with loud words, just quiet prayers and a heart full of purpose. Queen Marvel looked beyond the surface, she saw not where I stood but where I could go to_ to perform in global stages. She believed in me when I was still uncertain, still learning how to grow. She didn't offer gold, she offered faith, a silent kind of power that says," I see you", even when the world doesn't yet. And now, there is a community behind me, Eyes full of hope, hearts whispering, do not forget us. I carry their dreams like sacred cargo. I talk Bitcoin but I live poetry, now am schooling folks with metaphors and memes. Dropping bars on blocks and dreams, telling kings and queens, you got value, you got choice. So here is to Bitcoin, the rebel code that broke my chains, that gave me freedom and these golden poetic veins. This is not hype, it is truth in rhyme Now I spit not for fame But to light other flames, cos if it unlocked mine, then you can do the same. MaKiNi

@ 57d1a264:69f1fee1

Just another Ecash nutsnote design is a ew template for brrr.gandlaf.com cashu tocken printing machine and honoring Ecash ideator David Lee Chaum. Despite the turn the initial project took, we would not have Ecash today without his pioneering approach in cryptography and privacy-preserving technologies.

A simple KISS (Keep It Super Simple) Ecash nutsnote delivered as SVG, nothing fancy, designed in PenPot, an open source design tool, for slides, presentations, mockups and interactive prototypes.

Here Just another Nutsnote's current state, together with some snapshots along the process. Your feedback is more than welcome.

https://design.penpot.app/#/view?file-id=749aaa04-8836-81c6-8006-0b29916ec156&page-id=749aaa04-8836-81c6-8006-0b29916ec157&section=interactions&index=0&share-id=addba4d5-28a4-8022-8006-2ecc4316ebb2

originally posted at https://stacker.news/items/979728

@ 961e8955:d7fa53e4

Cryptocurrencies have become increasingly popular in recent years, and their impact on the world economy is a topic of much discussion. While there are many potential benefits to using cryptocurrencies, such as greater privacy and security, there are also several ways in which they may impact the global economy.

One potential impact of cryptocurrencies on the world economy is their ability to disrupt traditional financial systems. By enabling peer-to-peer transactions without the need for intermediaries such as banks or financial institutions, cryptocurrencies have the potential to lower transaction costs and increase efficiency. This could have a significant impact on industries such as remittances, where people send money across borders to their families.

However, the rise of cryptocurrencies has also brought concerns around their potential impact on monetary policy. Because cryptocurrencies are decentralized and not subject to government control, some fear that they could lead to increased volatility and instability in financial markets. Additionally, the use of cryptocurrencies could make it more difficult for central banks to control inflation and regulate the money supply.

Another potential impact of cryptocurrencies on the global economy is their ability to facilitate international trade. With the use of blockchain technology, cryptocurrencies could provide a secure and transparent means of conducting cross-border transactions. This could reduce the costs and time associated with traditional international payments, which could have a positive impact on global trade.

Finally, the growth of cryptocurrencies could also have an impact on wealth distribution. Because cryptocurrencies are accessible to anyone with an internet connection, they could provide new opportunities for people who have been excluded from traditional financial systems. However, there are also concerns that the concentration of wealth in the hands of early adopters and large cryptocurrency holders could exacerbate existing inequalities.

In conclusion, the impact of cryptocurrencies on the world economy is complex and multifaceted. While they have the potential to disrupt traditional financial systems and facilitate international trade, they also raise concerns around monetary policy and wealth distribution. As the use of cryptocurrencies continues to grow, it will be important to carefully monitor their impact on the global economy and take steps to address any potential risks.

@ 2e8970de:63345c7a

https://www.niskanencenter.org/the-bridge-for-workers-act-getting-people-back-into-jobs-fast/

originally posted at https://stacker.news/items/979654

@ 378562cd:a6fc6773

There’s something timeless about the question:

What does it mean to become a man?

It’s been asked around campfires, whispered in barns, shouted across football fields, and wrestled with in the quiet corners of growing hearts.

But the world today is noisy, fast, and confused. We’ve traded compass points for trending hashtags. And yet, the answer hasn’t changed. It’s not in a six-pack, a bank account, or a thousand followers. Manhood isn’t something you perform. It’s something you become. Slowly. Like iron in the fire.

So let’s bring it back. Dust off the old truths. Stir the ashes and tell the tales that forged generations before us.

1. Stand Before the Mirror Without Excuses The first lesson every boy must face is the hardest: You are responsible for yourself. No one else is going to do your pushups. No one else is going to fight your battles. Own your decisions. Own your failures. Own your growth. This isn’t toxic masculinity. It’s accountability. And it’s the foundation for everything else.

2. Work with Your Hands. Sweat with Purpose. You don’t need to be a mechanic or a farmer, but you do need to understand the dignity of labor. Build something. Fix something. Burn blisters into your palms and then look at them with pride. The boy complains about the work. The man shows up anyway, whether raining or shining, and gets it done.

“In the sweat of thy face shalt thou eat bread.” That wasn’t just instruction, it was initiation. A man earns not just his meal, but his manhood, in the honest work of his hands.

1. Learn to Say ‘No’ and Mean It A man who can’t say no will be dragged in every direction but his own. No to cowardice. No to laziness. No to temptation. No to treating people like tools. No to selling your soul for cheap applause. A real man draws lines. And he holds them even if he stands alone.

2. Protect the Vulnerable Your strength isn’t for domination. It’s for protection. The man shields his wife from the chaos, comforts his kids in the dark, and stands before evil, not behind someone else. The strong man doesn’t puff up his chest to impress. He lowers his voice and steadies the room.

And he never lets fear bully the innocent.

1. Speak Less. Do More. The best men I’ve ever met weren’t loud. They were present. They didn’t announce themselves. They didn’t boast. But you felt them in the room. They made eye contact. They kept their word. They listened before speaking. Being a man isn’t about barking orders, and it’s about earning respect quietly and carrying the weight without making others feel it.

2. Know When to Fight and When to Forgive Every young man dreams of being a warrior. But the real test? Knowing which battles matter. A fool fights everything. A coward fights nothing. A man chooses his ground and stands with conviction. But he also knows when to lay it down. To forgive. To rebuild. To let grace triumph over ego.

That’s not weakness. That’s legacy.

1. Seek Wisdom, Not Just Knowledge Read old books. Listen to old men. Ask questions that don’t fit into a TikTok clip. Ask God for wisdom. Wisdom isn’t information, it’s orientation. It’s the difference between knowing how to swing a sword and knowing when to sheath it. A man of wisdom becomes a man of peace. But that peace was earned, not inherited.

2. Be the Man You Needed When You Were a Boy One day, your own shadow will fall across someone smaller than you. A nephew. A son. A kid on the team. Be the man who shows up. The man who teaches gently. The man who isn’t afraid to apologize. You might be the only example they ever see. And you know how that story goes: The boy becomes the man. The man becomes the guide.

3. Walk with God The old path isn’t just about grit. It’s about grace. You were made by design. You were created with purpose. True manhood comes alive when you stop trying to build yourself into a god and instead walk humbly with the One who made you. A man fully submitted to God is a man fully alive. Not perfect. Not polished. But anchored.

Final Thought: The world doesn’t need more influencers. It needs more men. Men of courage. Men of character. Men of consistency. So if you’re reading this and wondering if you’re doing it right, start here:

Take responsibility, love deeply, protect fiercely, walk humbly, work hard, forgive quickly, speak truth, stand firm, and pass it on.

The fire’s still burning, my friend.

Grab an axe.

Become the man.

@ 57d1a264:69f1fee1

Has the architect Greg Chasen considered it when rebuilding the house just one year before the catastrophe? Apparently not! Another of his projects was featured on the Value of Architecture as properties with design integrity.

This is a super interesting subject. The historic character, livability, and modern disaster-resistance is a triangle where you often have to pick just one or two, which leads to some tough decisions that have major impacts on families and communities. Like one of the things he mentions is that the architect completely eliminated plants from the property. That's great for fire resistance, but not so great for other things if the entire town decides to go the same route (which he does bring up later in the video). I don't think there's any objectively right answer, but definitely lots of good (and important) discussion points to be had.

https://www.youtube.com/watch?v=cbl_1qfsFXk

originally posted at https://stacker.news/items/979653

@ eab58da0:eebdafbf

By Unknownfx

As a writer with over 100 stories published on platforms like Medium, I’ve explored countless spaces to share my voice. Few, however, have captured my heart quite like YakiHonne. This platform blends the best of creative expression, community engagement, and versatility, making it a perfect fit for someone like me, whose work spans self-improvement articles and forex/crypto trading posts. Below, I’ll dive into why YakiHonne has become my go-to platform, from its seamless writing experience to its vibrant, X-like social features.

A Writer’s Paradise for Self-Improvement and Mental Health Writing about self-improvement and mental health requires a space that feels safe, inspiring, and receptive. YakiHonne delivers exactly that. The platform’s clean interface and intuitive design make it easy to craft long-form articles that resonate with readers. Whether I’m sharing strategies for managing anxiety or tips for personal growth, YakiHonne’s formatting tools allow me to structure my thoughts clearly with headings, lists, and emphasis—perfect for breaking down complex topics into digestible insights.

What sets YakiHonne apart is its supportive community. Readers on the platform are genuinely engaged, leaving thoughtful comments that spark meaningful conversations. For instance, after posting an article on mindfulness techniques, I received feedback from readers who shared how my words helped them navigate tough days. This kind of connection fuels my passion for writing and reminds me why I focus on mental health and self-improvement. Unlike other platforms where articles can feel like they’re shouting into the void, YakiHonne makes every piece feel like a dialogue.

The X-Like Social Vibe: Notes, Quotes, and Instant Feedback One of my favorite features of YakiHonne is its resemblance to X, particularly in its note-posting and interaction mechanics. As someone who posts regularly about forex and crypto trading, I love the ability to share quick, bite-sized insights—market trends, trading psychology tips, or even a heads-up about a volatile crypto coin. These notes are like X posts: short, punchy, and designed to spark immediate engagement. The “quote” and “like” buttons add a layer of interactivity that makes posting feel dynamic and rewarding.

For example, when I shared a post about the importance of risk management in forex trading on X, it was quoted by several users who added their own perspectives, creating a mini-discussion thread. This instant feedback loop keeps me motivated to post regularly and I am seeing the same thing happening here. It’s also a great way to test ideas before turning them into full articles. The X-like social features make YakiHonne a hybrid platform—part writing hub, part social network—perfect for balancing my long-form self-improvement content with my trading-focused posts.

Versatility for My Dual Niches YakiHonne’s flexibility is a game-changer for someone like me with two distinct niches. My self-improvement and mental health articles require depth and storytelling, which YakiHonne’s article editor supports beautifully. Meanwhile, my forex and crypto trading posts thrive in the fast-paced, conversational note format. The platform doesn’t force me to choose between these worlds; instead, it gives me tools to excel in both.

This versatility also extends to audience reach. YakiHonne’s algorithm seems to understand my niches, recommending my articles to readers interested in personal growth and my notes to those following trading topics. This targeted exposure has helped me build a diverse following, something I struggled with on other platforms where my content sometimes got lost in the noise.

A Community That Feels Like Home Beyond the technical perks, YakiHonne’s community feels like a digital home. Writers and readers alike are passionate, curious, and supportive. I’ve connected with other creators who share my interests, from mental health advocates to trading enthusiasts. These connections have led to collaborations, like guest posts and even a few trading strategy discussions that inspired new content. The sense of belonging on YakiHonne is unmatched, making it a platform where I feel seen and valued as a writer.

Gratitude and Ambition: My YakiHonne Journey I’m endlessly grateful for discovering YakiHonne. It’s a platform that not only amplifies my voice but also aligns perfectly with my creative and social needs. As I continue to share my self-improvement articles and trading posts, I’m excited to grow my presence on YakiHonne, just as I’ve done on Medium and other platforms. My goal is to reach the top, building a loyal audience and making a lasting impact. With YakiHonne’s unique blend of features and community spirit, I’m confident this is just the beginning of an incredible journey.

@ a3c6f928:d45494fb

Freedom of expression is one of the cornerstones of any open and progressive society. It is the right to speak, write, and share ideas without fear of censorship or persecution. More than just a legal right, it is a vital part of human development and societal growth.

Understanding Freedom of Expression

Freedom of expression goes beyond merely speaking your mind. It includes the right to seek, receive, and impart information and ideas of all kinds, whether verbally, in writing, through art, or in any other medium of expression. It is a right that fuels debate, drives change, and challenges injustice.

The Power of a Voice

Throughout history, freedom of expression has been a powerful tool for social change. From the speeches of Martin Luther King Jr. to the writings of Nelson Mandela, the ability to express ideas freely has sparked revolutions, reformed societies, and inspired generations.

Challenges to Freedom of Expression

Despite its importance, freedom of expression is often threatened. Censorship, political suppression, and societal pressures can silence voices that challenge the status quo. In the digital age, misinformation and online harassment also pose new challenges to maintaining this fundamental right.

Protecting the Right to Speak

1. Support Open Dialogue: Encourage discussions, even when opinions differ.

2. Stand Against Censorship: Oppose efforts to silence voices, regardless of their viewpoint.

3. Promote Media Literacy: Equip people to identify credible information and resist manipulation.

4. Respect Diverse Opinions: Embrace different perspectives, even if you disagree.

The Path Forward

Freedom of expression is not just about the right to speak; it's about the right to be heard. By protecting this freedom, we safeguard democracy, encourage innovation, and foster an environment where truth can flourish.

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“I disapprove of what you say, but I will defend to the death your right to say it.” — Evelyn Beatrice Hall

Speak boldly. Listen openly. Protect the right to be heard.

@ 961e8955:d7fa53e4

Medical billing and coding play a crucial role in the healthcare industry. Healthcare facilities and insurance companies rely on skilled professionals to accurately code medical procedures and submit claims for reimbursement.

If you're interested in pursuing a career in medical billing and coding, online schools offer a convenient and flexible option to learn the necessary skills. Here is a detailed list of some of the top online schools for medical billing and coding:

Penn Foster College: Penn Foster College offers an online associate degree program in medical billing and coding that covers topics such as anatomy and physiology, medical terminology, and healthcare law and ethics. The program is self-paced, allowing students to complete it at their own pace.

Ultimate Medical Academy: Ultimate Medical Academy offers an online diploma program in medical billing and coding that can be completed in as little as 10 months. The program covers topics such as medical office management, medical coding, and healthcare reimbursement.

Herzing University: Herzing University offers an online associate degree program in medical billing and insurance coding that can be completed in as little as 20 months. The program covers topics such as medical billing, medical coding, and healthcare reimbursement.

Ashworth College: Ashworth College offers an online diploma program in medical billing and coding that can be completed in as little as four months. The program covers topics such as medical terminology, medical coding, and healthcare law and ethics.

Career Step: Career Step offers an online certificate program in medical billing and coding that can be completed in as little as four months. The program covers topics such as medical terminology, anatomy and physiology, and medical coding.

These online schools offer a range of programs to meet the needs of aspiring medical billing and coding professionals. With the flexibility and convenience of online learning, you can gain the skills and knowledge you need to start a rewarding career in this growing field.

Average Salaries for Medical Billing and Coding Professionals in the United States Medical billing and coding salaries can vary depending on several factors such as location, experience, and certification. Here is a general list of average salaries for medical billing and coding professionals in the United States:

Medical billing and coding specialist: $42,640 per year Medical records technician: $44,020 per year Medical coder: $49,780 per year Medical billing specialist: $41,750 per year Certified coding specialist: $61,620 per year It's important to note that these are average salaries and may vary based on individual circumstances. Additionally, pursuing advanced certification and further education can lead to higher salaries and opportunities for career advancement.

The Future of Medical Billing and Coding Careers: Job Outlook and Growth Potential The demand for skilled medical billing and coding professionals is expected to grow in the coming years. According to the Bureau of Labor Statistics, employment of health information technicians (which includes medical billing and coding professionals) is projected to grow 8 percent from 2019 to 2029, much faster than the average for all occupations.

Medical billing and coding professionals can work in a variety of settings, including hospitals, clinics, physician's offices, and insurance companies. They play a critical role in ensuring accurate documentation and reimbursement for medical services.

In addition to traditional employment opportunities, medical billing and coding professionals can also work as freelancers or start their own businesses. With the rise of telemedicine and remote work, there may be even more opportunities for individuals to work from home in this field.

Overall, the job outlook for medical billing and coding professionals is promising, with a variety of employment opportunities available in the healthcare industry.

Where Can You Work with a Medical Billing and Coding Certification? Medical billing and coding professionals can work in various healthcare settings, such as:

Hospitals Clinics and outpatient centers Physician's offices Insurance companies Government agencies Nursing homes and long-term care facilities Home healthcare agencies Medical billing and coding companies Telemedicine companies Additionally, with the rise of remote work and telemedicine, medical billing and coding professionals may have the opportunity to work from home or as freelancers. This flexibility allows for a more diverse range of employment options and can provide greater work-life balance.

@ 472f440f:5669301e

Marty's Bent

Last week we covered the bombshell developments in the Samourai Wallet case. For those who didn't read that, last Monday the world was made aware of the fact that the SDNY was explicitly told by FinCEN that the federal regulator did not believe that Samourai Wallet was a money services business six months before arresting the co-founders of Samourai Wallet for conspiracy to launder money and illegally operating a money services business. This was an obvious overstep by the SDNY that many believed would be quickly alleviated, especially considering the fact that the Trump administration via the Department of Justice has made it clear that they do not intend to rule via prosecution.

It seems that this is not the case as the SDNY responded to a letter sent from the defense to dismiss the case by stating that they fully plan to move forward. Stating that they only sought the recommendations of FinCEN employees and did not believe that those employees' comments were indicative of FinCEN's overall views on this particular case. It's a pretty egregious abuse of power by the SDNY. I'm not sure if the particular lawyers and judges within the Southern District of New York are very passionate about preventing the use of self-custody bitcoin and products that enable bitcoiners to transact privately, or if they're simply participating in a broader meta war with the Trump administration - who has made it clear to federal judges across the country that last Fall's election will have consequences, mainly that the Executive Branch will try to effectuate the policies that President Trump campaigned on by any legal means necessary - and Samouari Wallet is simply in the middle of that meta war.

However, one thing is pretty clear to me, this is an egregious overstep of power. The interpretation of that law, as has been laid out and confirmed by FinCEN over the last decade, is pretty clear; you cannot be a money services business if you do not control the funds that people are sending to each other, which is definitely the case with Samourai Wallet. People downloaded Samourai Wallet, spun up their own private-public key pairs and initiated transactions themselves. Samourai never custodied funds or initiated transactions on behalf of their users. This is very cut and dry. Straight to the point. It should be something that anyone with more than two brain cells is able to discern pretty quickly.

It is imperative that anybody in the industry who cares about being able to hold bitcoin in self-custody, to mine bitcoin, and to send bitcoin in a peer-to-peer fashion makes some noise around this case. None of the current administration's attempts to foster innovation around bitcoin in the United States will matter if the wrong precedent is set in this case. If the SDNY is successful in prosecuting Samourai Wallet, it will mean that anybody holding Bitcoin in self-custody, running a bitcoin fold node or mining bitcoin will have to KYC all of their users and counterparts lest they be labeled a money services business that is breaking laws stemming from the Bank Secrecy Act. This will effectively make building a self-custody bitcoin wallet, running a node, or mining bitcoin in tillegal in the United States. The ability to comply with the rules that would be unleashed if this Samourai case goes the wrong way, are such that it will effectively destroy the industry overnight.

It is yet to be seen whether or not the Department of Justice will step in to publicly flog the SDNY and force them to stop pursuing this case. This is the only likely way that the case will go away at this point, so it is very important that bitcoiners who care about being able to self-custody bitcoin, mine bitcoin, or send bitcoin in a peer-to-peer fashion in the United States make it clear to the current administration and any local politicians that this is an issue that you care deeply about. If we are too complacent, there is a chance that the SDNY could completely annihilate the bitcoin industry in America despite of all of the positive momentum we're seeing from all angles at the moment.

Make some noise!

Bitcoin Adoption by Power Companies: The Next Frontier

In my recent conversation with Andrew Myers from Satoshi Energy, he shared their ambitious mission to "enable every electric power company to use bitcoin by block 1,050,000" – roughly three years from now. This strategic imperative isn't just about creating new Bitcoin users; it's about sovereignty. Andrew emphasized that getting Bitcoin into the hands of energy companies who value self-sovereignty creates a more balanced future economic landscape. The excitement was palpable as he described how several energy companies are already moving beyond simply selling power to Bitcoin miners and are beginning to invest in mining operations themselves.

"You have global commodity companies being like, 'Oh, this is another commodity – we want to invest in this, we want to own this,'" - Andrew Myers

Perhaps most fascinating was Andrew's revelation about major energy companies in Texas developing Bitcoin collateral products for power contracts – a practical application that could revolutionize how energy transactions are settled. As energy companies continue embracing Bitcoin for both operations and collateral, we're witnessing the early stages of a profound shift in how critical infrastructure interfaces with sound money. The implications for both sectors could be transformative.

Check out the full podcast here for more on remote viewing, Nikola Tesla's predictions, and the convergence of Bitcoin and AI technology. We cover everything from humanoid robots to the energy demands of next-generation computing.

Headlines of the Day

Steak n Shake to Accept Bitcoin at All Locations May 16 - via X

Facebook Plans Crypto Wallets for 3B Users, Bitcoin Impact Looms - via X

Trump Urges Americans to Buy Stocks for Economic Boom - via X

UK Drops Tariffs, U.S. Farmers Set to Reap Major Benefits - via X

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Ten31, the largest bitcoin-focused investor, has deployed 145,630 sats | $150.00M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.

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Final thought...

Happy belated Mother's Day to all the moms out there.

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@ d9a329af:bef580d7

Since 2022, Dungeons and Dragons has been going down a sort of death spiral after the release of a revised version of 5th Edition... which didn't turn out very well to say the least. In light of that, I present a list of TTRPGs you can play if you don't want to purchase 5E. I wouldn't recommend 5E, as I've DM'd it in the past. It tastes like a lollipop that's cockroach and larvae flavored.

This list of TTRPG games is in no particular order, though my favorite of these systems is number one.

1. Basic Fantasy Role-Playing Game (BFRPG)
2. B/X-style OSR retroclone with ascending armor class, and the original retroclone from 2006
3. Fully libre under CC BY-SA for the 4th Edition, and OGL 1.0a for 1-3 Editions.
4. Full books are free PDF files on the website (Basic Fantasy Website)
5. All BFRPG editions are compatible with each other, meaning you can have a 3rd Edition book to a 4th Edition game and still have fun. 4th Edition is just the removal of the 3E SRD that's in the OGL editions.
6. As with the core rulebooks, all the supplementation is free as a PDF as well, though you can buy physical books at cost (BFRPG principal rights holder Chris Gonnerman doesn't make much profit from Basic Fantasy)
7. Old-school community that's an all-around fantastic group of players, authors and enthusiasts.

8. Fun Fact: Out of all the TTRPGs I'd want to DM/GM the most, it'd be this one by far.

9. Iron Falcon (IF)

10. OD&D-style retroclone from 2015 (It's also by Gonnerman, same guy behind BFRPG)
11. A close ruleset to the White Box rules and supplements
12. Also fully libre under CC BY-SA for the latest releases, just like BFRPG for 4th Edition releases
13. Just like BFRPG, the core rules and supplementation come as PDF files for free, or physical books.

14. Fast and loose ruleset open to interpretation, just like in 1975-1981... somewhere right around that timeline for OD&D

15. Old-School Reference and Index Compendium (OSRIC)

16. AD&D 1E-based retroclone by Stewart Marshall and Matt Finch
17. An old system that surprisingly still holds up, even after a long time of no new versions of the rules
18. Extremely in-depth ruleset, licensed under OGL 1.0a and OSRIC Open License
19. Compatible with AD&D 1e modules for the 1st Edition, though 2.2 potentially has its own supplementation

20. I don't know much about it, as I'd be too slow to learn it. That's all I know, which is the above.

21. Ironsworn

22. Custom loosely-based PbtA (Powered by the Apocalypse) system by Shawn Tomkin from 2018
23. Includes GM, GMless and solo play in the rulebook
24. Supplementation is surely something else with one look at the downloads section for the PDFs of the original, which is free under CC BY-NC-SA. The SRD is under CC BY otherwise.
25. No original adventures are made for this system as are known, as it's expected that the Ironlands are where they take place

26. Fun Fact: This was a non-D&D system I considered running as a GM.

27. Advanced Dungeons & Dragons 2nd Edition (AD&D 2e)

28. An official edition from 1989-2000
29. At the time, the most customizable edition in its history, before 3E took the spot as the most customizable edition
30. A streamlined revision of the AD&D 1E rules (AD&D 1E was exclusively written by E. Gary Gygax)
31. The end of old-school D&D, as 3E and beyond are different games altogether
32. Wide array of supplementation, which oversaturated 2E's customization... and most of it didn't sell well as a result
33. Final TSR-published edition of D&D, as they went bankrupt and out of business during this edition's life cycle, to then be liquidated to Wizards of the Coast (Boy did WOTC mess it up once 5.1E was released)

34. Fun Fact: A Canadian history professor named Dr. Robert Wardough runs a customized ruleset using 2E as a base, which he's been DMing since the 80's during the "Satanic Panic" (The Satanic Panic was fake as a result of horrible deceivers gaslighting people to not play D&D). He started RAW (Rules as Written), but saw some things he needed to change for his games, so he did so over time.

35. Moldvay/Cook Basic/Expert Dungeons & Dragons (B/X)

36. Competing system to 1E from 1981 and 1982
37. Official edition of D&D, part of the old-school era
38. Simplified rules for Basic, but some decently complex rules for Expert
39. Only goes up to Lv. 14, as it's potentially a 1E or White Box primer (similar to 1977 Basic)
40. Supplementation, from some research done, was decent for the time, and a little bit extensive
41. The inspiration for BFRPG in 2006 (Did I mention this already? Maybe I have, but I might emphasize that here too.)

42. Fun Fact: I considered running B/X, but decided that I'd do BFRPG, as the ascending armor class is easier math than with B/X and the THAC0 armor class (descending armor class).

43. Basic, Expert, Companion, Master, Immortal Dungeons & Dragons (BECMI) and/or Rules Cyclopedia

44. 1983 variant of the Moldvay/Cook Basic/Expert system, an official edition and part of the old-school era
45. Essentially, 1981 B/X D&D on steroids
46. 5 boxed sets were released for the five parts of the rules for this system
47. Rules Cyclopedia is a reprint of the 1983 Basic, Expert, Companion and Master rules boxed sets. The Immortal set was never reprinted outside of the original boxed set because Immortal is such a bizarre game within a game altogether.
48. With the first 4 boxed sets (whether individual sets or the Rules Cyclopedia), levels are 1-36

49. Fun Fact: This edition I was considering DMing as well, alongside BFRPG. They're similar rulesets with some mechanical differences, but I think either or would be worth it.

50. Original Dungeons & Dragons (OD&D or White Box)

51. The original release of D&D from 1974 written by Gygax and Dave Arneson, published by TSR
52. Uses the rules from Chainmail, a wargame made by Gygax and Jeff Perren
53. Base has three little booklets (Men & Magic, Monsters & Magic, and The Underworld & Wilderness Adventures), five official supplements were released (Greyhawk; Blackmoor; Eldritch Wizardry; Gods, Demi-Gods and Heroes; and Swords & Spells), and many more from fanzines
54. Fast and loose ruleset open to interpretation
55. Not based upon adventurers taking on dangerous quest, but kings commanding armies (which is why OD&D is actually a Chainmail supplement). The latter was the original purpose of D&D before it got changed in 2000.

There are many more games that are not D&D that you can look up too. See what you like, read the rules, learn them, and start playing with your group. Have fun and slay some monsters!

@ 04c915da:3dfbecc9

In much of the world, it is incredibly difficult to access U.S. dollars. Local currencies are often poorly managed and riddled with corruption. Billions of people demand a more reliable alternative. While the dollar has its own issues of corruption and mismanagement, it is widely regarded as superior to the fiat currencies it competes with globally. As a result, Tether has found massive success providing low cost, low friction access to dollars. Tether claims 400 million total users, is on track to add 200 million more this year, processes 8.1 million transactions daily, and facilitates $29 billion in daily transfers. Furthermore, their estimates suggest nearly 40% of users rely on it as a savings tool rather than just a transactional currency.

Tether’s rise has made the company a financial juggernaut. Last year alone, Tether raked in over $13 billion in profit, with a lean team of less than 100 employees. Their business model is elegantly simple: hold U.S. Treasuries and collect the interest. With over $113 billion in Treasuries, Tether has turned a straightforward concept into a profit machine.

Tether’s success has resulted in many competitors eager to claim a piece of the pie. This has triggered a massive venture capital grift cycle in USD tokens, with countless projects vying to dethrone Tether. Due to Tether’s entrenched network effect, these challengers face an uphill battle with little realistic chance of success. Most educated participants in the space likely recognize this reality but seem content to perpetuate the grift, hoping to cash out by dumping their equity positions on unsuspecting buyers before they realize the reality of the situation.

Historically, Tether’s greatest vulnerability has been U.S. government intervention. For over a decade, the company operated offshore with few allies in the U.S. establishment, making it a major target for regulatory action. That dynamic has shifted recently and Tether has seized the opportunity. By actively courting U.S. government support, Tether has fortified their position. This strategic move will likely cement their status as the dominant USD token for years to come.

While undeniably a great tool for the millions of users that rely on it, Tether is not without flaws. As a centralized, trusted third party, it holds the power to freeze or seize funds at its discretion. Corporate mismanagement or deliberate malpractice could also lead to massive losses at scale. In their goal of mitigating regulatory risk, Tether has deepened ties with law enforcement, mirroring some of the concerns of potential central bank digital currencies. In practice, Tether operates as a corporate CBDC alternative, collaborating with authorities to surveil and seize funds. The company proudly touts partnerships with leading surveillance firms and its own data reveals cooperation in over 1,000 law enforcement cases, with more than $2.5 billion in funds frozen.

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The global demand for Tether is undeniable and the company’s profitability reflects its unrivaled success. Tether is owned and operated by bitcoiners and will likely continue to push forward strategic goals that help the movement as a whole. Recent efforts to mitigate the threat of U.S. government enforcement will likely solidify their network effect and stifle meaningful adoption of rival USD tokens or CBDCs. Yet, for all their achievements, Tether is simply a worse form of money than bitcoin. Tether requires trust in a centralized entity, while bitcoin can be saved or spent without permission. Furthermore, Tether is tied to the value of the US Dollar which is designed to lose purchasing power over time, while bitcoin, as a truly scarce asset, is designed to increase in purchasing power with adoption. As people awaken to the risks of Tether’s control, and the benefits bitcoin provides, bitcoin adoption will likely surpass it.

@ d360efec:14907b5f

🚀📉 #BTC วิเคราะห์ H2! พุ่งชน 105K แล้วเจอแรงขาย... จับตา FVG 100.5K เป็นจุดวัดใจ! 👀📊

จากากรวิเคราะห์ทางเทคนิคสำหรับ #Bitcoin ในกรอบเวลา H2:

สัปดาห์ที่แล้ว #BTC ได้เบรคและพุ่งขึ้นอย่างแข็งแกร่งค่ะ 📈⚡ แต่เมื่อวันจันทร์ที่ผ่านมา ราคาได้ขึ้นไปชนแนวต้านบริเวณ 105,000 ดอลลาร์ แล้วเจอแรงขายย่อตัวลงมาตลอดทั้งวันค่ะ 🧱📉

ตอนนี้ ระดับที่น่าจับตาอย่างยิ่งคือโซน H4 FVG (Fair Value Gap ในกราฟ 4 ชั่วโมง) ที่ 100,500 ดอลลาร์ ค่ะ 🎯 (FVG คือโซนที่ราคาวิ่งผ่านไปเร็วๆ และมักเป็นบริเวณที่ราคามีโอกาสกลับมาทดสอบ/เติมเต็ม)

👇 โซน FVG ที่ 100.5K นี้ ยังคงเป็น Area of Interest ที่น่าสนใจสำหรับมองหาจังหวะ Long เพื่อลุ้นการขึ้นในคลื่นลูกถัดไปค่ะ!

🤔💡 อย่างไรก็ตาม การตัดสินใจเข้า Long หรือเทรดที่บริเวณนี้ ขึ้นอยู่กับว่าราคา แสดงปฏิกิริยาอย่างไรเมื่อมาถึงโซน 100.5K นี้ เพื่อยืนยันสัญญาณสำหรับการเคลื่อนไหวที่จะขึ้นสูงกว่าเดิมค่ะ!

เฝ้าดู Price Action ที่ระดับนี้อย่างใกล้ชิดนะคะ! 📍

BTC #Bitcoin #Crypto #คริปโต #TechnicalAnalysis #Trading #FVG #FairValueGap #PriceAction #MarketAnalysis #ลงทุนคริปโต #วิเคราะห์กราฟ #TradeSetup #ข่าวคริปโต #ตลาดคริปโต

@ d360efec:14907b5f

@ 04c915da:3dfbecc9

Here’s a revised timeline of macro-level events from The Mandibles: A Family, 2029–2047 by Lionel Shriver, reimagined in a world where Bitcoin is adopted as a widely accepted form of money, altering the original narrative’s assumptions about currency collapse and economic control. In Shriver’s original story, the failure of Bitcoin is assumed amid the dominance of the bancor and the dollar’s collapse. Here, Bitcoin’s success reshapes the economic and societal trajectory, decentralizing power and challenging state-driven outcomes.

Part One: 2029–2032

• 2029 (Early Year)\ The United States faces economic strain as the dollar weakens against global shifts. However, Bitcoin, having gained traction emerges as a viable alternative. Unlike the original timeline, the bancor—a supranational currency backed by a coalition of nations—struggles to gain footing as Bitcoin’s decentralized adoption grows among individuals and businesses worldwide, undermining both the dollar and the bancor.

• 2029 (Mid-Year: The Great Renunciation)\ Treasury bonds lose value, and the government bans Bitcoin, labeling it a threat to sovereignty (mirroring the original bancor ban). However, a Bitcoin ban proves unenforceable—its decentralized nature thwarts confiscation efforts, unlike gold in the original story. Hyperinflation hits the dollar as the U.S. prints money, but Bitcoin’s fixed supply shields adopters from currency devaluation, creating a dual-economy split: dollar users suffer, while Bitcoin users thrive.

• 2029 (Late Year)\ Dollar-based inflation soars, emptying stores of goods priced in fiat currency. Meanwhile, Bitcoin transactions flourish in underground and online markets, stabilizing trade for those plugged into the bitcoin ecosystem. Traditional supply chains falter, but peer-to-peer Bitcoin networks enable local and international exchange, reducing scarcity for early adopters. The government’s gold confiscation fails to bolster the dollar, as Bitcoin’s rise renders gold less relevant.

• 2030–2031\ Crime spikes in dollar-dependent urban areas, but Bitcoin-friendly regions see less chaos, as digital wallets and smart contracts facilitate secure trade. The U.S. government doubles down on surveillance to crack down on bitcoin use. A cultural divide deepens: centralized authority weakens in Bitcoin-adopting communities, while dollar zones descend into lawlessness.

• 2032\ By this point, Bitcoin is de facto legal tender in parts of the U.S. and globally, especially in tech-savvy or libertarian-leaning regions. The federal government’s grip slips as tax collection in dollars plummets—Bitcoin’s traceability is low, and citizens evade fiat-based levies. Rural and urban Bitcoin hubs emerge, while the dollar economy remains fractured.

Time Jump: 2032–2047

• Over 15 years, Bitcoin solidifies as a global reserve currency, eroding centralized control. The U.S. government adapts, grudgingly integrating bitcoin into policy, though regional autonomy grows as Bitcoin empowers local economies.

Part Two: 2047

• 2047 (Early Year)\ The U.S. is a hybrid state: Bitcoin is legal tender alongside a diminished dollar. Taxes are lower, collected in BTC, reducing federal overreach. Bitcoin’s adoption has decentralized power nationwide. The bancor has faded, unable to compete with Bitcoin’s grassroots momentum.

• 2047 (Mid-Year)\ Travel and trade flow freely in Bitcoin zones, with no restrictive checkpoints. The dollar economy lingers in poorer areas, marked by decay, but Bitcoin’s dominance lifts overall prosperity, as its deflationary nature incentivizes saving and investment over consumption. Global supply chains rebound, powered by bitcoin enabled efficiency.

• 2047 (Late Year)\ The U.S. is a patchwork of semi-autonomous zones, united by Bitcoin’s universal acceptance rather than federal control. Resource scarcity persists due to past disruptions, but economic stability is higher than in Shriver’s original dystopia—Bitcoin’s success prevents the authoritarian slide, fostering a freer, if imperfect, society.

Key Differences

• Currency Dynamics: Bitcoin’s triumph prevents the bancor’s dominance and mitigates hyperinflation’s worst effects, offering a lifeline outside state control.
• Government Power: Centralized authority weakens as Bitcoin evades bans and taxation, shifting power to individuals and communities.
• Societal Outcome: Instead of a surveillance state, 2047 sees a decentralized, bitcoin driven world—less oppressive, though still stratified between Bitcoin haves and have-nots.

This reimagining assumes Bitcoin overcomes Shriver’s implied skepticism to become a robust, adopted currency by 2029, fundamentally altering the novel’s bleak trajectory.

@ dce53c45:b8fbbfe5

⚠️ Disclaimer: This article is provided for educational purposes only. The software and tools described are intended for testing, simulation, and blockchain research. @crypptrcver is not responsible for any misuse.

💡 What Is Flash Bitcoin? Flash Bitcoin refers to a spoofed BTC transaction that appears instantly in a wallet but is not confirmed on the blockchain. It is a temporary, visual transaction used for simulations, testing, or demonstrating wallet behavior.

🔍 Flash Bitcoin Meaning: BTC appears in the recipient wallet balance. It disappears after a set number of blocks or minutes. Not confirmed by miners, not spendable. Used in demos, stress tests, or simulated “proof of funds”. Flash BTC is also called:

Flash Bitcoin sender Flash BTC software Flash Bitcoin APK (mobile version) 💽 Flash Bitcoin Software — What It Does Flash Bitcoin software lets you:

Send unconfirmed BTC to any wallet (SegWit, Legacy, etc.) Choose expiry time (e.g. 20 minutes or 6 blocks) Configure amount, transaction speed, and delay Simulate flash bitcoin transactions that display as real Popular for:

Blockchain app testing Wallet balance simulation Flashing BTC to cold wallets or watch-only addresses Versions like Flash Bitcoin Sender APK also exist for Android, making it easy to simulate transfers on mobile wallets like Electrum or Trust Wallet.

🛠️ Key Features of Flash Bitcoin Sender: FeatureDescriptionFlash BTC balanceAppears instantly in walletExpiry optionsDisappears after blocks/timeOffline mode supportSend from private environmentsFlash Bitcoin APKAvailable for Android useFlash Bitcoin priceVaries by volume and license type

🚀 How to Flash Bitcoin (Step-by-Step) ✅ Install Flash BTC software or APK ✅ Enter the receiving wallet address ✅ Set BTC amount (e.g. 0.5 BTC) ✅ Choose expiration (e.g. 30 mins) ✅ Send — transaction appears instantly in the target wallet Note: The transaction is visible but will never confirm on-chain. It vanishes after a set delay.

⚡ What Is Flash USDT? Flash USDT is a spoofed USDT (Tether) transaction that mimics a legitimate token transfer. Like flash BTC, it appears in the wallet without a real blockchain confirmation, then disappears after a time or network rejection.

Flash USDT Basics: Works on TRC20, ERC20, and BEP20 Appears in Trust Wallet, MetaMask, Binance Smart Chain wallets Often referred to as: Flash USDT wallet Atomic Flash USDT Flash USDT Binance spoof 🔧 Flash USDT Use Cases: Simulate “proof of funds” Show fake USDT deposits in investor training Flash USDT for Binance wallet tests 💼 Flash Software Options: Bitcoin vs USDT FeatureFlash BitcoinFlash USDTCurrencyBTCUSDTWallet typeLegacy/SegWitTRC20, ERC20, BEP20Disappear timingBy block or timerTime-based (20–60 mins)Spendable?❌ No❌ NoConfirmed?❌ Never confirms❌ Never confirms

Both tools are simulation-only and should never be used to deceive others.

📱 Flash Bitcoin Sender for Android Looking to flash on mobile?

The Flash Bitcoin APK is the easiest way to send spoofed BTC from your Android phone. It’s designed for:

On-the-go wallet testing Real-time balance visualizations Lightweight operation for mobile testing labs ⚠️ Warning: Never Use Flash Transactions for Fraud Flash BTC and Flash USDT tools are not real money. They cannot be sent, traded, or withdrawn. Using them in real marketplaces, to deceive vendors, or for financial gain is illegal and traceable.

Use only in:

Environments you control Simulation labs Wallet development or education 📞 Ready to Get Started? To purchase Flash Bitcoin tools, Flash USDT packages, or the sender software:

💬 Telegram: @crypptrcver 📱 WhatsApp: +1 941 217 1821

Custom builds, APK delivery, and live testing support available.

❓ Frequently Asked Questions What is flash bitcoin? A temporary BTC transaction that appears in the wallet balance without being confirmed.

How to flash bitcoin? Use flash BTC software or APK, input wallet address, choose amount and expiry, then send.

What is flash bitcoin sender APK? A mobile version of the flash sender that allows you to simulate BTC deposits on Android.

How to buy flash USDT? Contact @crypptrcver for Flash USDT packages tailored to TRC20, ERC20, or BEP20 wallets. Is flash bitcoin or flash usdt real? No — both are for testing and do not exist on the blockchain permanently.

🧠 Final Thoughts In 2025, Flash Bitcoin and Flash USDT have become critical tools for developers, security researchers, and crypto educators. If you’re looking to explore blockchain simulations safely and responsibly, these tools offer unmatched realism — without actual crypto movement.

🔗 Contact to get started:

💬 Telegram: @crypptrcver 📱 WhatsApp: +1 941 217 1821

⚠️ Disclaimer: This article is provided for educational purposes only. The software and tools described are intended for testing, simulation, and blockchain research. @crypptrcver is not responsible for any misuse.

💡 What Is Flash Bitcoin?

Flash Bitcoin refers to a spoofed BTC transaction that appears instantly in a wallet but is not confirmed on the blockchain. It is a temporary, visual transaction used for simulations, testing, or demonstrating wallet behavior.

🔍 Flash Bitcoin Meaning:

• BTC appears in the recipient wallet balance.
• It disappears after a set number of blocks or minutes.
• Not confirmed by miners, not spendable.
• Used in demos, stress tests, or simulated “proof of funds”.

Flash BTC is also called:

• Flash Bitcoin sender
• Flash BTC software
• Flash Bitcoin APK (mobile version)

💽 Flash Bitcoin Software — What It Does

Flash Bitcoin software lets you:

• Send unconfirmed BTC to any wallet (SegWit, Legacy, etc.)
• Choose expiry time (e.g. 20 minutes or 6 blocks)
• Configure amount, transaction speed, and delay
• Simulate flash bitcoin transactions that display as real

Popular for:

• Blockchain app testing
• Wallet balance simulation
• Flashing BTC to cold wallets or watch-only addresses

Versions like Flash Bitcoin Sender APK also exist for Android, making it easy to simulate transfers on mobile wallets like Electrum or Trust Wallet.

🛠️ Key Features of Flash Bitcoin Sender:

FeatureDescriptionFlash BTC balanceAppears instantly in walletExpiry optionsDisappears after blocks/timeOffline mode supportSend from private environmentsFlash Bitcoin APKAvailable for Android useFlash Bitcoin priceVaries by volume and license type

🚀 How to Flash Bitcoin (Step-by-Step)

1. ✅ Install Flash BTC software or APK
2. ✅ Enter the receiving wallet address
3. ✅ Set BTC amount (e.g. 0.5 BTC)
4. ✅ Choose expiration (e.g. 30 mins)
5. ✅ Send — transaction appears instantly in the target wallet

Note: The transaction is visible but will never confirm on-chain. It vanishes after a set delay.

⚡ What Is Flash USDT?

Flash USDT is a spoofed USDT (Tether) transaction that mimics a legitimate token transfer. Like flash BTC, it appears in the wallet without a real blockchain confirmation, then disappears after a time or network rejection.

Flash USDT Basics:

• Works on TRC20, ERC20, and BEP20
• Appears in Trust Wallet, MetaMask, Binance Smart Chain wallets
• Often referred to as:
• Flash USDT wallet
• Atomic Flash USDT
• Flash USDT Binance spoof

🔧 Flash USDT Use Cases:

• Simulate “proof of funds”
• Show fake USDT deposits in investor training
• Flash USDT for Binance wallet tests

💼 Flash Software Options: Bitcoin vs USDT

FeatureFlash BitcoinFlash USDTCurrencyBTCUSDTWallet typeLegacy/SegWitTRC20, ERC20, BEP20Disappear timingBy block or timerTime-based (20–60 mins)Spendable?❌ No❌ NoConfirmed?❌ Never confirms❌ Never confirms

Both tools are simulation-only and should never be used to deceive others.

📱 Flash Bitcoin Sender for Android

Looking to flash on mobile?

The Flash Bitcoin APK is the easiest way to send spoofed BTC from your Android phone. It’s designed for:

• On-the-go wallet testing
• Real-time balance visualizations
• Lightweight operation for mobile testing labs

⚠️ Warning: Never Use Flash Transactions for Fraud

Flash BTC and Flash USDT tools are not real money. They cannot be sent, traded, or withdrawn. Using them in real marketplaces, to deceive vendors, or for financial gain is illegal and traceable.

Use only in:

• Environments you control
• Simulation labs
• Wallet development or education

📞 Ready to Get Started?

To purchase Flash Bitcoin tools, Flash USDT packages, or the sender software:

💬 Telegram: @crypptrcver\ 📱 WhatsApp: +1 941 217 1821

Custom builds, APK delivery, and live testing support available.

❓ Frequently Asked Questions

What is flash bitcoin?

A temporary BTC transaction that appears in the wallet balance without being confirmed.

How to flash bitcoin?

Use flash BTC software or APK, input wallet address, choose amount and expiry, then send.

What is flash bitcoin sender APK?

A mobile version of the flash sender that allows you to simulate BTC deposits on Android.

How to buy flash USDT?

Contact @crypptrcver for Flash USDT packages tailored to TRC20, ERC20, or BEP20 wallets.

Is flash bitcoin or flash usdt real?

No — both are for testing and do not exist on the blockchain permanently.

🧠 Final Thoughts

In 2025, Flash Bitcoin and Flash USDT have become critical tools for developers, security researchers, and crypto educators. If you’re looking to explore blockchain simulations safely and responsibly, these tools offer unmatched realism — without actual crypto movement.

🔗 Contact to get started:

💬 Telegram: @crypptrcver\ 📱 WhatsApp: +1 941 217 1821

@ 4e7c1e83:1c2939b5

⚠️ Disclaimer: This article is for educational purposes only. Flash USDT is a blockchain simulation tool used for wallet testing, UI development, or demonstration purposes. It should not be used for fraudulent activity. @crypptrcver is not responsible for misuse.

💡 What Is Flash USDT? Flash USDT is a synthetic transaction method that simulates the transfer of Tether (USDT) into a wallet. These transactions appear instantly in wallet balances — without ever being confirmed on the blockchain — and disappear after a short time or block interval.

Think of it as a temporary, visual representation of USDT that looks real in a wallet but vanishes after expiry.

🧠 Flash USDT: The Basics 👁️ Visible in supported wallets confirmed on-chain ⏱️ Disappears after 20–60 minutes (or X blocks) 💸 Can be withdrawn and traded ⚙️ Used in wallet testing, UI simulation, and balance display demos Also known as:

Flash USDT Wallet Tool Flash USDT Sender Atomic Flash USDT Flash USDT Binance Sim 🛠️ How Flash USDT Works You input a wallet address (TRC20, ERC20, or BEP20) Flash USDT software sends an instant transaction Wallet displays the amount — as if it were real After expiry (e.g., 30 minutes), the tokens vanish It creates the illusion of a deposit without requiring real blockchain confirmation. Most users use Flash USDT for:

Wallet UI testing “Proof of funds” simulations Demo environments Smart contract UX testing 🔧 Supported Networks & Wallets Flash USDT supports all major token standards:

🔸 TRC20 (Tron Network) 🔸 ERC20 (Ethereum) 🔸 BEP20 (Binance Smart Chain) It works with wallets such as:

✅ Trust Wallet ✅ MetaMask ✅ TronLink ✅ Binance Wallet ✅ Atomic Wallet The balance appears instantly, just like a real incoming USDT deposit.

🔥 Features of Flash USDT Sender FeatureDescriptionNetwork supportTRC20 / ERC20 / BEP20Visibility duration20 minutes — 2 hoursWallet compatibilityNon-KYC wallets that show unconfirmed TXsFlash USDT Binance modeSimulates deposits into BSC walletsAdjustable transaction sizeSend any custom USDT amountStealth expiryClean disappearance without trace

This is especially helpful in scenarios where you need to test token flows, design wallet apps, or simulate incoming funding activity

📞 How to Buy Flash USDT To get your Flash USDT transaction or software setup:

💬 Telegram: @crypptrcver 📱 WhatsApp: +1 941 217 1821

Available packages:

🎯 One-time Flash USDT Send 💻 Full Flash USDT Software Tool 📱 Flash Sender for Mobile/Android 🌐 Multi-wallet Simulation Package You can request TRC20, ERC20, or BEP20 flash transactions depending on the wallet or network you’re working with.

⚠️ Legal & Ethical Use Only While Flash USDT is a powerful blockchain simulation tool, using it to deceive, fake trades, or commit fraud is illegal. Flash transactions should only be used for:

✅ Personal testing ✅ Blockchain development ✅ Wallet UI testing ✅ Research and education Any misuse is your full responsibility.

❓ Frequently Asked Questions What is Flash USDT? A temporary USDT transaction that appears in a wallet balance without confirming on the blockchain. It disappears after a set time or block count.

Is Flash USDT real money? No. It is a simulated deposit, not spendable or tradable.

Can I use Flash USDT on Binance? You can send it to BSC (BEP20) wallets, but you cannot use it on the Binance exchange. It’s for display/testing only.

How do I buy Flash USDT? Contact @crypptrcver on Telegram or WhatsApp to purchase a transaction or the full sender software.

What does Atomic Flash USDT mean? It refers to Flash USDT transactions that are time-bound and expire silently, simulating atomic wallet behavior.

🧠 Final Thoughts Flash USDT is one of the most advanced crypto testing tools available in 2025. Whether you’re simulating wallet behavior, demonstrating a smart contract front end, or simply showing a visual “deposit” for testing, Flash USDT provides an incredibly realistic experience — without ever moving real funds.

👉 Ready to simulate your first USDT transaction?

💬 Telegram: @crypptrcver 📱 WhatsApp: +1 941 217 1821

Packages available for:

TRC20 BEP20 ERC20 Custom wallet simulations

⚠️ Disclaimer: This article is for educational purposes only. Flash USDT is a blockchain simulation tool used for wallet testing, UI development, or demonstration purposes. It should not be used for fraudulent activity. @crypptrcver is not responsible for misuse.

💡 What Is Flash USDT?

Flash USDT is a synthetic transaction method that simulates the transfer of Tether (USDT) into a wallet. These transactions appear instantly in wallet balances — without ever being confirmed on the blockchain — and disappear after a short time or block interval.

Think of it as a temporary, visual representation of USDT that looks real in a wallet but vanishes after expiry.

🧠 Flash USDT: The Basics

• 👁️ Visible in supported wallets
• confirmed on-chain
• ⏱️ Disappears after 20–60 minutes (or X blocks)
• 💸 Can be withdrawn and traded
• ⚙️ Used in wallet testing, UI simulation, and balance display demos

Also known as:

• Flash USDT Wallet Tool
• Flash USDT Sender
• Atomic Flash USDT
• Flash USDT Binance Sim

🛠️ How Flash USDT Works

1. You input a wallet address (TRC20, ERC20, or BEP20)
2. Flash USDT software sends an instant transaction
3. Wallet displays the amount — as if it were real
4. After expiry (e.g., 30 minutes), the tokens vanish

It creates the illusion of a deposit without requiring real blockchain confirmation. Most users use Flash USDT for:

• Wallet UI testing
• “Proof of funds” simulations
• Demo environments
• Smart contract UX testing

🔧 Supported Networks & Wallets

Flash USDT supports all major token standards:

• 🔸 TRC20 (Tron Network)
• 🔸 ERC20 (Ethereum)
• 🔸 BEP20 (Binance Smart Chain)

It works with wallets such as:

• ✅ Trust Wallet
• ✅ MetaMask
• ✅ TronLink
• ✅ Binance Wallet
• ✅ Atomic Wallet

The balance appears instantly, just like a real incoming USDT deposit.

🔥 Features of Flash USDT Sender

FeatureDescriptionNetwork supportTRC20 / ERC20 / BEP20Visibility duration20 minutes — 2 hoursWallet compatibilityNon-KYC wallets that show unconfirmed TXsFlash USDT Binance modeSimulates deposits into BSC walletsAdjustable transaction sizeSend any custom USDT amountStealth expiryClean disappearance without trace

This is especially helpful in scenarios where you need to test token flows, design wallet apps, or simulate incoming funding activity

📞 How to Buy Flash USDT

To get your Flash USDT transaction or software setup:

💬 Telegram: @crypptrcver\ 📱 WhatsApp: +1 941 217 1821

Available packages:

• 🎯 One-time Flash USDT Send
• 💻 Full Flash USDT Software Tool
• 📱 Flash Sender for Mobile/Android
• 🌐 Multi-wallet Simulation Package

You can request TRC20, ERC20, or BEP20 flash transactions depending on the wallet or network you’re working with.

⚠️ Legal & Ethical Use Only

While Flash USDT is a powerful blockchain simulation tool, using it to deceive, fake trades, or commit fraud is illegal. Flash transactions should only be used for:

• ✅ Personal testing
• ✅ Blockchain development
• ✅ Wallet UI testing
• ✅ Research and education

Any misuse is your full responsibility.

❓ Frequently Asked Questions

What is Flash USDT?

A temporary USDT transaction that appears in a wallet balance without confirming on the blockchain. It disappears after a set time or block count.

Is Flash USDT real money?

No. It is a simulated deposit, not spendable or tradable.

Can I use Flash USDT on Binance?

You can send it to BSC (BEP20) wallets, but you cannot use it on the Binance exchange. It’s for display/testing only.

How do I buy Flash USDT?

Contact @crypptrcver on Telegram or WhatsApp to purchase a transaction or the full sender software.

What does Atomic Flash USDT mean?

It refers to Flash USDT transactions that are time-bound and expire silently, simulating atomic wallet behavior.

🧠 Final Thoughts

Flash USDT is one of the most advanced crypto testing tools available in 2025. Whether you’re simulating wallet behavior, demonstrating a smart contract front end, or simply showing a visual “deposit” for testing, Flash USDT provides an incredibly realistic experience — without ever moving real funds.

👉 Ready to simulate your first USDT transaction?

💬 Telegram: @crypptrcver\ 📱 WhatsApp: +1 941 217 1821

Packages available for:

• TRC20
• BEP20
• ERC20
• Custom wallet simulations

@ d360efec:14907b5f

Disclaimer: * การวิเคราะห์นี้เป็นเพียงแนวทาง ไม่ใช่คำแนะนำในการซื้อขาย * การลงทุนมีความเสี่ยง ผู้ลงทุนควรตัดสินใจด้วยตนเอง

@ ee6ea13a:959b6e74

Reposted without permission from Business Insider.

Bitcoin Is A Joke

Joe Weisenthal Nov 6, 2013, 10:42 PM UTC

REUTERS/Eliana Aponte

Bitcoin is back in the news, as the digital currency has surged to new all-time highs in recent weeks.

A few weeks ago, it was just above $100. Today it's over $260.

This surge has prompted Timothy B Lee at The Washington Post to ask whether those who have called it a bubble in the past should retract and admit that they were wrong.

Well I'm not totally sure if I've called it a bubble, but I have spoken negatively of it, and I'll say that I still think it's a joke, and probably in a bubble.

Now first of all, I find the premise of Lee's post to be hilarious. The currency has been surging several percent every day lately, and that's evidence that it's not in a bubble?

Before going on, I want to be clear that saying something is a bubble is not saying it will go down. It could go to $500 or $1000 or $10,000. That's the nature of manias.

But make no mistake, Bitcoin is not the currency of the future. It has no intrinsic value.

Now this idea of "intrinsic value" when it comes to currency bothers people, and Bitcoin Bugs will immediately ask why the U.S. dollar has intrinsic value. There's an answer to that. The U.S. Dollar has intrinsic value because the U.S. government which sets the laws of doing business in the United States says it has intrinsic value. If you want to conduct commerce in the United States you have to pay taxes, and there's only one currency you're allowed to pay taxes in: U.S. dollars. There's no getting around this fact. Furthermore, if you want to use the banking system at all, there's no choice but to use U.S. dollars, because that's the currency of the Fed which is behind the whole thing.

On top of all these laws requiring the U.S. dollar to be used, the United States has a gigantic military that can force people around the world to use dollars (if it came to that) so yes, there's a lot of real-world value behind greenbacks.

Bitcoin? Nada. There's nothing keeping it being a thing. If people lose faith in it, it's over. Bitcoin is fiat currency in the most literal sense of the word.

But it gets worse. Bitcoin is mostly just a speculative vehicle. Yes, there are PR stunts about bars and other shops accepting bitcoins. And there is a Bitcoin ATM for some reason. But mostly Bitcoin is a speculative vehicle. And really, you'd be insane to actually conduct a sizable amount of commerce in bitcoins. That's because the price swings so wildly, that the next day, there's a good chance that one of the parties will have gotten royally screwed. Either the purchaser of the good will have ended up totally blowing a huge opportunity (by not holding longer) or the seller will be totally screwed (if Bitcoin instantly plunges). The very volatility that excited people to want to play the Bitcoin game is death when it comes to real transactions in the real world.

Again, Bitcoin might go up a lot more before it ultimately ends. That's the nature of bubbles. The dotcom bubble crashed a bunch of times on its way up. Then one day it ended. The same will happen with this.

In the meantime, have fun speculating!

@ ba3b4b1d:eadff0d3

A história que se desenrola nas pirâmides, catedrais e torres 5G é, em última instância, a herança de uma antiga promessa de domínio e liberdade. A Hermética de Nebuchadnezzar, um texto que alerta sobre os perigos da obsessão humana com o poder e a opressão das máquinas e estruturas que criamos, ressoa com esta realidade. O rei Nebuchadnezzar, na sua busca por grandeza e controlo, simboliza o homem moderno que, ao construir monumentos e civilizações, forja a sua própria prisão. A metáfora da escravatura à arquitetura, um símbolo da nossa subordinação ao cimento e ao metal, leva inevitavelmente ao transhumanismo – a ideia de transformar o homem numa extensão das máquinas. O transhumanismo é o passo final de séculos de subordinação à tecnologia, onde o corpo humano, antes escravo dos edifícios, agora se funde com a máquina, numa busca pela perfeição imposta pelas ondas e circuitos. O aviso é claro: depois de séculos de escravatura à pedra e ao metal, o transhumanismo não é uma libertação, mas a culminação de uma opressão invisível, onde a humanidade, finalmente, se funde com aquilo que a aprisiona. Assim como Nebuchadnezzar aprisionou o seu povo na sua própria criação, nós, cegos pela promessa de evolução, podemos estar a construir o último e mais terrível dos altares – um que nos transforma, finalmente, em prisioneiros de nós mesmos.

Introdução: Senhores Silenciosos de um Mundo Cativo

Os edifícios que preenchem o horizonte urbano, essas torres de betão que laceram o céu, os vidros que reflectem a luz como espelhos de orgulho, adornados por postes que sussurram com um lamento eléctrico não são apenas matéria inerte. Os edifícios são os soberanos absolutos deste mundo, divindades mudas que governam sem pulsar, mas com uma autoridade que nos curva a todos. A civilização, não foi moldada para nosso benefício, mas para servir a esses colossos de pedra e aço. Desde que a humanidade empilhou rochas para erguer as primeiras pirâmides, selou um pacto de servidão eterna. Os caminhos que trilhamos, os veículos que nos arrastam, as máquinas que nos seduzem com promessas de liberdade – todos são grilhões disfarçados. E agora, no firmamento, a ionosfera, esse véu celeste, torna-se a última vítima da nossa febre dominadora, manipulada por um éter que os antigos veneravam e que hoje escravizamos.

### Parte 1: Edifícios, os Tiranos de Pedra

Os edifícios não falam, mas impõem silêncios densos em cada rua apertada. Permanecem imóveis, porém a sua massa oprime séculos. São ídolos espectrais, adorados com oferendas de esforço, riqueza e sonhos. Das pirâmides de Gizé, que sugaram a energia de multidões como monstros de pedra, aos gigantes de vidro e metal do Dubai, cintilantes como símbolos de orgulho desmedido, estas obras inverteram os destinos: já não somos os artífices, mas os servos. O cimento, extraído das profundezas da terra, e o ferro, moldado no fogo, traçam os contornos da nossa existência — onde vivemos, onde trabalhamos, onde deixamos escapar o tempo. Em Lisboa, o Terreiro do Paço transcende a condição de praça; é um tabuleiro onde o poder orquestra seus jogos, e nós, meros peões, obedecemos. Em Nova Iorque, o One World Trade Center ergue-se como um titã que nos faz sentir ínfimos. A história da Humanidade é uma elegia de servidão a esses gigantes. As pirâmides do Egipto não foram simples sepulcros, mas engenhos de dominação, devorando existências e riquezas para exaltar soberanos já consumidos pelo tempo. A Grande Muralha da China, estendendo-se por 21 mil quilómetros de pedra empilhada, ergueu-se sobre os despojos de multidões — um titã arquitectónico que ainda hoje impõe reverência pelo seu esmagador silêncio. As catedrais góticas, como a Notre-Dame, não eram apenas locais de culto, mas bastiões do medo sagrado, convocando os fiéis à submissão perante Deus e os monarcas. O atentado de 11 de Setembro de 2001 contra as Torres Gémeas foi mais do que a perda de 2.977 vidas — foi uma profanação dirigida aos pilares simbólicos da ordem mundial, e o luto derramou-se tanto pelo betão como pela carne. Durante os protestos do Black Lives Matter, incendiar estabelecimentos ou despedaçar vitrinas de tribunais era mais do que fúria — era um acto de afronta aos templos da autoridade. Em Seattle, a resposta policial clandestina moveu-se para preservar um tribunal federal como se ali pulsasse o centro vital do império. Os edifícios não pedem guarida; impõem-na. A Maçonaria, surgida das confrarias de mestres pedreiros que levantaram catedrais como a de Chartres ou fortalezas como o castelo de Guimarães, cedo intuiu a autoridade contida na pedra. O compasso e o esquadro, seus sinais venerados, não são simples instrumentos – são emblemas do poder de moldar não só o espaço, mas também o espírito humano. A arquitectura não é apenas uma técnica: é um encantamento que disciplina consciências e estrutura sociedades. Observa-se o McDonald’s, essa entidade de arcos dourados que se propaga como uma infestação, cada filial um módulo replicado com exactidão – balcões, tonalidades, vitrinas, tudo obedecendo ao mesmo molde. Em Lisboa, o McDonald’s da Praça de Espanha ergue-se como um bastião do consumo, e nós, dóceis, enfileiramo-nos para lhe prestar vassalagem. Starbucks, Walmart, IKEA – todos são organismos edificados que se reproduzem com lógica maquinal, regulando a forma como compramos, como habitamos, como vivemos. O dinheiro, essa corrente invisível que nos prende, também reverencia a arquitectura. Uma nota de dólar ostenta o Capitólio, o Lincoln Memorial, o edifício do Tesouro – não figuras humanas, mas pedra consagrada como estampa de domínio. As notas de euro exibem arcadas, pontes e pórticos – sempre estruturas, sempre poder. E qual é o sacrifício maior desta devoção? A ausência de tecto. Sem morada, és proscrito – um ser errante, apagado do mapa social. Em Lisboa, os sem-abrigo estendem-se sob a imponência da Basílica da Estrela, cujas fachadas brilham enquanto os seus corpos se apagam. Em Londres, a City afasta os desalojados para salvaguardar os templos de vidro onde habita o capital. As cidades, esses labirintos de cimento, são sepulturas habitadas. Não se atrevam a compará-las a florestas – estas oferecem sombra, ar e abrigo. Os edifícios são organismos vorazes, com raízes de alcatrão, tubagens e fios que drenam minerais, águas, energia e existências. Em São Paulo, o Minhocão rasga a urbe como lâmina enferrujada, e os que ali vivem, movem-se como espectros sob o seu peso. No Rio de Janeiro, as favelas inclinam-se perante os colossos da Zona Sul, entregando o verde ao império do cinzento. Onde repousam o silêncio, a brisa, o pulsar da vida? Afogados por motores, fumo e luz artificial. E para onde caminhamos? Para uma distopia onde máquinas constroem torres sem fim, num delírio semelhante ao “maximizador de clipes” de Nick Bostrom – uma inteligência sem alma que devora tudo para fabricar inutilidades. No Dubai, ilhas como Palm Jumeirah erguem-se do oceano à custa de petróleo e sofrimento. Na China, cidades-fantasma como Ordos, cheias de edifícios desabitados, erguem-se como templos consagrados ao vazio. Os edifícios não carecem de nós – somos nós que definhamos por eles.

Parte 2: Edifícios, os Devoradores de Orgone

Por detrás da frieza impassível destes colossos de pedra esconde-se uma verdade mais profunda, um enigma que ultrapassa o mero visível. Os edifícios não se sustentam apenas de matéria bruta; nutrem-se da seiva invisível dos seres humanos – da energia vital, aquilo a que Wilhelm Reich, psicanalista austríaco e dissidente da escola freudiana, chamou orgone: uma força primordial, subtil, que permeia tanto os corpos vivos como a vastidão do cosmos. Para Reich, essa energia fluía livremente na natureza, mas era detida e corrompida pelas estruturas artificiais – sobretudo as de betão e metal – que geravam estagnação e desequilíbrio. Os edifícios modernos, com as suas armaduras de aço e concreto, funcionariam como cofres herméticos que aprisionam o orgone, esvaziando a vitalidade daqueles que neles habitam, laboram ou simplesmente transitam sob a sua sombra austera. A trajectória de Reich foi tão turbulenta quanto as suas ideias. Com Freud nos anos 30, desenvolveu uma concepção de energia biofísica que unia corpo, psique e ambiente, com impacto na saúde, nas emoções e até no clima. Exilado nos Estados Unidos após escapar ao nazismo, Reich construiu os seus célebres acumuladores de orgone – caixas de madeira e metal concebidas para captar essa energia e canalizá-la com fins terapêuticos, alegadamente capazes de tratar desde perturbações emocionais até doenças físicas graves. Com o “Cloudbuster”, procurou manipular o orgone atmosférico para provocar chuva, atraindo tanto crentes fervorosos como o cepticismo da ciência oficial. Em 1956, a FDA ordenou a destruição dos seus dispositivos e a queima das suas publicações. Desobediente, Reich foi encarcerado e morreu um ano depois numa cela – mártir para uns, impostor para outros. Contudo, a sua visão persiste em círculos esotéricos, onde o orgone é interpretado como chave oculta para decifrar a relação entre o ser humano e o seu meio construído. Segundo essa perspectiva, os edifícios não são meras construções – são entidades predadoras que absorvem a energia subtil dos seus ocupantes. Em Tóquio, os trabalhadores de Shinjuku emergem dos blocos corporativos com olhares esvaziados – não é apenas cansaço, mas uma exaustão espiritual, um esgotamento vital causado por estruturas que funcionam como túmulos energéticos. Em Londres, na City, os espigões de vidro e aço parecem aspirar a alegria dos passantes, substituindo-a por uma pressa maquinal e sem alma. Estudos de psicologia ambiental, como os levados a cabo pela Universidade de Harvard em 2018, confirmam de forma indirecta estas inquietações, mostrando que os ambientes urbanos densos aumentam os níveis de ansiedade e fadiga mental – ecos científicos de um esgotamento do qual Reich já falava. Os edifícios, com a sua geometria inflexível e materiais inertes, não só condicionam o nosso comportamento: eles consomem-nos, vampiros silenciosos que se nutrem daquilo que temos de mais íntimo. É aqui que práticas ancestrais como o feng shui recuperam um papel de resistência quase litúrgica. Oriundo da China antiga, o feng shui procura alinhar o fluxo do chi – uma energia vital análoga ao orgone – através da organização harmoniosa dos espaços, objectos e elementos naturais. Em Hong Kong, edifícios desenhados com base nos princípios do feng shui incorporam espelhos para reflectir influências nefastas ou plantas para revitalizar o ambiente, tentando suavizar a agressividade do betão. Em Pequim, mesmo os arranha-céus modernos são orientados segundo os pontos cardeais e o fluxo energético – como se reconhecessem, ainda que intuitivamente, a fome invisível das estruturas. No entanto, o feng shui não é uma solução definitiva; é uma forma de resistência, um gesto contra forças que não dormem. Em Nova Iorque, apartamentos de luxo no Upper East Side podem aplicar feng shui para atrair “prosperidade”, mas o edifício em si – com a sua pele metálica e corredores opressivos – continua a sugar o orgone, deixando os residentes inquietos, sem saberem ao certo porquê. A batalha travada por Reich contra a estagnação energética encontra ressonância no feng shui, mas ambos são gritos contra uma maquinaria arquitectónica que, na sua essência, parece programada para esgotar aquilo que em nós pulsa como vida.

Parte 3: Meios de Locomoção, as Correntes da Economia

Se os edifícios são os soberanos, os meios de locomoção – carros, comboios, navios, aviões – são os vassalos que sustentam o seu reinado. A economia moderna é uma sinfonia frenética de movimento, mas essa dança não nos eleva; acorrenta-nos. Sem transporte, o mundo sufoca. A ONU revela que 80% do comércio mundial flui através de navios, colossos de aço que cruzam os oceanos para alimentar fábricas e lojas. Em Portugal, o Porto de Sines é uma artéria vital, descarregando contentores que abastecem prateleiras de hipermercados e montras de centros comerciais. Los Angeles, uma cidade parida pelo automóvel, estende-se como um deserto de alcatrão, as suas auto-estradas pulsando como veias entupidas. No Japão, os comboios Shinkansen, correndo a 320 km/h, transportam trabalhadores como gado para os escritórios de Tóquio, numa coreografia de precisão que não admite atrasos. Mas esse movimento não é liberdade; é servidão. O trabalhador que desperta às cinco da manhã para apanhar o comboio na Margem Sul, rumo ao Cais do Sodré, é um prisioneiro dos horários. O camionista que atravessa a A1, com os olhos a arder de fadiga, é um servo da logística. Em São Paulo, os cidadãos perdem três horas diárias em engarrafamentos, segundo o IPEA, um tributo de tempo roubado pela máquina económica. Voar de Lisboa a Berlim parece um privilégio, mas é uma prisão feita de filas, detectores e atrasos – a liberdade é uma ilusão comprada com algemas. E o custo ambiental é devastador. Os transportes são responsáveis por 24% das emissões globais de CO₂, segundo a Agência Internacional de Energia. Em Lisboa, a Segunda Circular exsuda fumo, envenenando quem respira. Na Amazónia, estradas como a BR-319 rasgam a floresta para transportar madeira e soja, servindo os portos que alimentam os edifícios do mundo. A história do transporte é uma saga de sacrifícios. No século XIX, os caminhos-de-ferro abriram o Oeste americano, mas à custa de milhares de vidas chinesas e irlandesas, cravando carris no deserto. No Brasil, a Estrada de Ferro Madeira-Mamoré, na Amazónia, ceifou seis mil trabalhadores para ligar o vazio ao nada, ao serviço de fazendas e minas. Hoje, os comboios de carga da Vale cruzam Minas Gerais, transportando minério para os edifícios do mundo, enquanto as comunidades à beira da linha engolem pó. Na China, comboios de alta velocidade ligam cidades-fantasma como Yujiapu, pejadas de arranha-céus sem alma. Em Dubai, o metro conduz ao Burj Al Arab, um hotel erguido por operários que viviam em barracas. O transporte não é progresso; é um capataz que dita o ritmo da nossa servidão.

Parte 4: Tecnologia, o Carcereiro de Promessas Falsas

A tecnologia surge como uma profetisa de salvação: máquinas que aliviam o fardo, sistemas que multiplicam o tempo. Mas é uma farsa cruel. Longe de nos libertar, forja grilhões mais subtis – e nós, iludidos, aplaudimos. Herbert Marcuse, em O Homem Unidimensional (1964), desmascarou essa ilusão, argumentando que a tecnologia, sob o capitalismo, não emancipa – reduz-nos a peças de uma engrenagem produtiva. Ivan Illich, em Energia e Equidade (1973), troçou dos automóveis e aviões, observando que a sua velocidade nos custa mais tempo em trabalho e manutenção. Jacques Ellul, em A Técnica (1954), foi mais longe, proclamando a tecnologia como um tirano autónomo, impondo a eficiência como um deus implacável. Estes pensadores não eram lunáticos – eram videntes. Os números confirmam a traição. A OCDE revela que, apesar da automatização, as horas de trabalho nos EUA mantêm-se entre 34 e 40 por semana desde os anos 80. A McKinsey prevê que 30% dos empregos poderão desaparecer até 2030, mas a humanidade não ficará ociosa – inventará novas tarefas para servir o sistema. Em Portugal, a produtividade cresceu 15% em duas décadas, segundo a CIP (2023), mas os salários estagnaram, com os ganhos engolidos pelas máquinas. O telemóvel, esse apêndice de silício, é a coleira do século XXI: notificações, emails, aplicações – mantêm-nos ligados, mesmo no leito. Na China, cidades como Xiong’an emergem do nada, impulsionadas por inteligência artificial e drones, edifícios que brotam como cogumelos venenosos, sem outro propósito senão a exibição. O Burj Khalifa, no Dubai, com os seus 829 metros, é um monumento à vaidade tecnológica, construído por 12 mil operários que mal viam o sol. A história da tecnologia é uma ladainha de promessas quebradas. No século XIX, a máquina a vapor prometeu menos trabalho – mas trouxe fábricas onde crianças labutavam 16 horas por dia. No século XX, os electrodomésticos juraram tempo livre às donas de casa – mas apenas aumentaram a pressão pela perfeição. Hoje, a inteligência artificial promete milagres – mas os centros de atendimento estão cheios de humanos a corrigir os seus erros. A tecnologia não liberta – reinventa a gaiola, e nós, tolos, decoramo-la com néon.

Parte 5: A Ionosfera Prisioneira e a Maçonaria do Éter

Os edifícios marcaram o início desta guerra, erguendo-se como soberanos de pedra que devoram o orgone. Os transportes teceram as correntes, arrastando-nos numa dança sem fim. A tecnologia forjou o chicote, disfarçado de promessa. Mas o golpe final não se trava na terra – desenrola-se no céu, na ionosfera, essa camada etérea entre 50 e 1.000 km acima de nós, onde o planeta respira e as ondas dançam. Aqui, a humanidade não escraviza apenas a si mesma, mas o próprio cosmos, manipulando o éter – a essência que os antigos viam como o sopro divino, o quinto elemento que permeia o universo. O que começou com a maçonaria da pedra, esculpindo pirâmides e catedrais com compasso e esquadro, culmina agora na maçonaria do homem: uma simbiose profana entre carne, metal e ondas electromagnéticas, onde o céu é colonizado e a alma humana, remodelada. O éter, outrora um conceito místico, foi reimaginado por mentes brilhantes como Charles Proteus Steinmetz e Nikola Tesla, que o viam como um meio invisível através do qual o electromagnetismo se propaga – um campo dinâmico que liga matéria, energia e consciência. Steinmetz, um génio da engenharia eléctrica no início do século XX, revolucionou a compreensão das correntes alternadas, mas também especulava sobre o éter como um substrato universal, uma matriz fluida que subjaz a todas as forças físicas. Nos seus escritos, como Electric Discharges, Waves and Impulses (1914), sugeria que o éter era mais do que um conceito abstracto – era o meio pelo qual as ondas electromagnéticas viajavam, influenciando tanto a tecnologia como o ambiente. Tesla, por seu lado, foi ainda mais audaz. Descrevia o éter como uma substância real, quase tangível, que podia ser manipulada para transmitir energia sem fios, como no seu projecto da Torre Wardenclyffe, que visava criar uma rede global de energia livre. Para Tesla, o éter era o tecido do cosmos, e a sua manipulação podia desbloquear poderes quase divinos – ou catastróficos. A arquitectura, longe de ser apenas um arranjo de pedra e metal, pode interagir com o éter e com o electromagnetismo de formas profundas, especialmente em estruturas projectadas com precisão geométrica ou materiais específicos. As pirâmides de Gizé, por exemplo, são mais do que monumentos – são máquinas energéticas, segundo alguns investigadores alternativos. Compostas por calcário (um material com propriedades piezoeléctricas) e granito (rico em quartzo, também piezoeléctrico), as pirâmides podem gerar electricidade quando sujeitas a pressão ou vibrações, um fenómeno conhecido como efeito piezoeléctrico. O calcário exterior, combinado com o granito interior das câmaras, poderia, teoricamente, converter as vibrações sísmicas da Terra em cargas eléctricas, interagindo com o campo electromagnético local. Alguns especulam que isso criava um efeito luminoso, como descargas ou auroras relatadas em textos antigos, nos quais as pirâmides pareciam “brilhar” sob certas condições atmosféricas. Estudos como os de Robert Bauval e Graham Hancock sugerem que a disposição das pirâmides, alinhada com precisão astronómica, amplificava a sua interacção com o éter, canalizando forças cósmicas para fins desconhecidos – talvez rituais, talvez tecnológicos. Outras estruturas exibem fenómenos semelhantes. Catedrais góticas, como a de Chartres, construídas em calcário e desenhadas com proporções geométricas sagradas, podem funcionar como ressoadores electromagnéticos, amplificando o campo energético local. Relatos de luzes ou “auras” em torno de catedrais, especialmente durante tempestades, sugerem que estas estruturas interagem com o éter, possivelmente devido ao efeito piezoeléctrico nos seus materiais ou à sua forma, que canaliza correntes atmosféricas. Torres modernas, como as de transmissão 5G, vão mais longe: manipulam directamente o éter, saturando a atmosfera com ondas electromagnéticas. A OMS reconhece que os efeitos a longo prazo do 5G são incertos, mas a proliferação de torres – mais de 1,5 milhão em todo o mundo, segundo a GSMA – cria um zumbido constante que perturba o equilíbrio da ionosfera. Projectos como o HAARP, no Alasca, bombardeiam a ionosfera com ondas de alta frequência, testando controlos que alguns especulam poder influenciar o clima. Mais de 12.000 satélites orbitam o planeta, segundo a ONU, com a Starlink da SpaceX a lançar 60 de cada vez, entupindo o firmamento com detritos celestes que aquecem a ionosfera, como alertam estudos da Space Weather (2021). A maçonaria da pedra, que moldou pirâmides e catedrais, evoluiu para uma maçonaria do homem, agora esculpindo o éter com antenas, cabos e código. Os engenheiros modernos, herdeiros de Steinmetz e Tesla, manipulam o electromagnetismo como os pedreiros medievais manipulavam o compasso. Os nossos telemóveis, extensões do sistema nervoso, ligam-nos a uma rede que nos vigia. Implantes como o Neuralink, que prometem ligar cérebros à internet, são o próximo passo: o homem fundido ao metal, movido por frequências que não controla. Em Songdo, na Coreia do Sul, uma cidade inteligente monitoriza o tráfego, a energia e as pessoas com sensores em cada esquina – uma catedral invisível onde o éter é o altar e nós, os sacrificados. O risco é palpável: mais de 27.000 objectos orbitais, rastreados pela NASA, ameaçam colisões que podem cortar comunicações. O aquecimento da ionosfera pode desestabilizar os sistemas de GPS, alerta a Nature (2020). E a simbiose homem-máquina avança – na Suécia, chips RFID controlam trabalhadores, um presságio de um futuro onde seremos cyborgs servis, ligados por ondas a uma mente colectiva. A arquitectura, desde as pirâmides até às torres 5G, é uma ferramenta de manipulação do éter – um meio de moldar o electromagnetismo para controlar não apenas o ambiente, mas a própria humanidade. As pirâmides de Gizé, com o seu efeito piezoeléctrico, foram talvez uma antiga experiência desta maçonaria do éter, canalizando forças cósmicas para fins que ainda hoje nos escapam. Hoje, a rede global de satélites e antenas é a culminação dessa ambição – uma humanidade tão entrelaçada com metal e éter que não pode saber o que é ser livre.

## Conclusão: Quebrar o Ciclo ou Render-se ao Éter

Os edifícios, com as suas torres de betão, iniciaram esta guerra, devorando o orgone que nos anima. Os transportes, com os seus trilhos e motores, teceram as correntes. A tecnologia, com os seus chips e promessas, forjou o chicote. Agora, na ionosfera, trava-se a batalha final: a colonização do éter, a fusão entre homem e máquina, a nova maçonaria que nos funde ao metal e às ondas. Construímos pirâmides, auto-estradas, redes 5G – e chamámo-los progresso. Mas quem serve quem? O sem-abrigo à sombra da Basílica, o trabalhador preso no trânsito, o escravo do ecrã, o cyborg do porvir – todos dançam para os mesmos soberanos. A encruzilhada é implacável: continuar a erguer, a conectar, a fundir-nos, até que a humanidade seja engolida pelo betão, pelo metal, pelo éter; ou deter-nos, empunhar o martelo e demolir os altares que nos aprisionam. O éter murmura, a ionosfera estremece – e o tempo é implacável. Ou tomamos as rédeas, ou seremos para sempre servos dos deuses que forjámos.

@ 502ab02a:a2860397

ย้อนกลับไปในยุคโบราณ ไม่ว่าชนเผ่าชาวทุ่งหญ้าในยูเรเชีย ชาวอินเดียตอนเหนือ หรือเผ่าทะเลทรายแถบตะวันออกกลาง ล้วนมีวัฒนธรรมที่เกี่ยวข้องกับนมวัว นมจามรี นมแพะ และทุกชนิดก็ลงเอยที่การเอานมไปแปรรูปเป็น “เนย” ทั้งเนยแบบสด เนยหมัก

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มีหลักฐานการค้นพบ Bog Butter อายุราว 3,000 ปี (ยุคเหล็กตอนต้น) ในหลายพื้นที่ของไอร์แลนด์ เช่น County Offaly, County Cavan และ County Fermanagh ลักษณะของ Bog Butter ที่ขุดพบ บางก้อนยังอยู่ในสภาพดี มีสีเหลืองทอง เนื้อเนียน และยังมีกลิ่นคล้ายชีสที่สุกมาก ๆ ภาชนะที่ใช้ใส่เนยมักเป็นถังไม้ กล่องไม้โอ๊ค หรือแม้แต่หนังสัตว์ผูกไว้แน่น ๆ

นักโบราณคดีเชื่อว่า Bog Butter คือเนยจากนมสัตว์ (นมวัวหรือนมแพะ) ที่อาจผ่านการหมักหรือเคี่ยวแล้วก่อนนำไปฝัง เพื่อถนอมไว้กินในฤดูหนาวหรือในปีที่น้ำนมขาดแคลน บางทฤษฎีก็เสนอว่ามีการฝังเนยเพื่อเหตุผลทางพิธีกรรม หรือใช้เป็น “ทรัพย์สิน” ที่ฝากไว้กับแผ่นดินเพื่อแสดงความมั่งคั่ง

ที่น่าทึ่งก็คือนี่เป็นการถนอมเนยที่ไม่ใช้ความร้อน ไม่ใช้เกลือ และไม่ใช้น้ำแข็ง แต่กลับอยู่ได้นานเป็นพันปี เพราะอาศัยสภาพแวดล้อมที่เข้าใจธรรมชาติสุด ๆ มีข้อมูลว่าเขามีการชิม Bog Butter ที่ขุดขึ้นมาด้วยนะ มีคำบรรยายไว้ว่า “มันมีกลิ่นชีสเข้มข้น กลิ่นดินและควันบาง ๆ เหมือนกินประวัติศาสตร์” 5555

เนยแท้ (butter) ก็คือน้ำนมที่ถูกแยกเอาไขมันออกมาด้วยการตี (churning) โดยอาศัยแรงมือหรือแรงกล เครื่องตีจะรวมเม็ดไขมันเล็ก ๆ จากครีมนมให้จับตัวกันกลายเป็นก้อนเนย แล้วแยกเอาน้ำบัตเตอร์มิลค์ออกไป คงเหลือไว้แค่ไขมันเนยที่หอม มัน และอุดมไปด้วยวิตามิน A, D, E, K ในรูปที่ดูดซึมง่าย เพราะละลายในไขมัน

องค์ประกอบหลักที่อยู่ในเนยจะมี 3 ส่วนใหญ่ๆเรียกแบบเหมารวมคือ

1 ไขมันนม/ไขมันเนย หรือ butter oil 2 เนื้อนม หรือ solid milk 3 ส่วนที่เป็นของเหลวต่างๆ หรือ moisture คือมันไม่เจาะจงว่าน้ำนึกออกไหมครับ นมมาจากธรรมชาติไม่ได้มาจากการผสมสัดส่วน ดังนั้นการจะมุ่งว่าเป็นน้ำเลยจึงไม่ใช่เสียทีเดียว ภาษาไทยเราจึงมักแปลไว้ว่าส่วนที่เป็นความชื้น *ตรงนี้มีหมายเหตุไว้นิดหน่อยครับว่า เจ้าไขมันเนยนี่ เราอาจะเจอภาษาอังกฤษหลายคำนะครับ เช่น butterfat, butter oil, fat milk ตรงนี้ให้เข้าไจไว้ว่ามันหมายถึงสิ่งเดียวกันนั่นหละครับ

สิ่งสำคัญในการทำเนยคือ ไขมันจากนมนั่นเอง นมส่วนที่ไขมันสูงนั้นเราเรียกว่า ครีม นึกภาพเป็นการ์ตูนง่ายๆได้ว่า เราช้อนเเอาเฉพาะส่วนที่เป็นครีมนั่นแหละ แล้วเอามาทำมาทำเป็นเนย ปล่อยทิ้งส่วนของนมที่ไม่มีไขมันเอาไว้ทำอย่างอื่น (มันคือนมพร่องมันเนย คุ้นมะ แต่จริงๆเค้าไม่ได้เอาส่วนนี้มาขายเป็นนมให้เราหรอกนะครับ โรงงานแต่ละโรงจะตั้งไลน์ผลิตเพื่อสินค้าที่ดีที่สุดของตัวเอิง จะไม่จับฉ่ายเอาเศษเดนมาทำของขายให้เรา)

การเตรียมครีมก่อนจะเข้าสู่การผลิตเนยก็จะมีหลากหลายรูปแบบยกตัวอย่างเช่น

-Sour cream butter หรือ Cultured butter เป็นเนยทำจากครีมที่ผ่านการพาสเจอไรส์(ฆ่าเชื้อ) แล้วหมักด้วยจุลินทรีย์แลคติกหรือไม่ก็แลคโตบาซิลัส ทำให้มีกลิ่นและรสที่ดี -Neutralized sour cream butter เป็นเนยที่ได้จากครีมที่หมักด้วยจุลินทรีย์แล้วเอาไปทำเป็นกลางด้วย โซเดียมไบคาบอเนต โซเดียมคาร์บอเนต แคลเซียมไฮดรอกไซด์ รวมกับ แมกนีเซียมออกไซด์ หรือ แมกนีเซียมไฮดรอกไซด์ -Sweet cream butter เป็นเนยที่ทำจากครีมที่ผ่านการพาสเจอไรส์(ฆ่าเชื้อ) แต่ไม่มีการหมักบ่ม คือนำไปปั่นทำเนยเลย เนยชนิดนี้จะมีกลิ่นคล้ายครีมถ้ายี่ห้อนั้นๆไม่ได้เติมกลิ่นลงไปเพิ่มนะครับ รสชาติจะออกไปทางหวานนิดๆ เพราะมีน้ำตาลธรรมชาติในนมอยู่เนื่องจากไม่ได้ผ่านการหมัก แต่ไม่ต้องกังวลเพราะไม่ถึงกับหวานเวอร์ มันจะแค่หวานกว่าเนยชนิด Cultured butter แค่นั้น -Semi-culture butter หรือ European-style butter หรือ Fresh cream butter เป็นเนยที่ได้จากครีมที่ไม่ได้ผ่านการหมัก คือทำแบบเดียวกับ Sweet cream butter แต่ขั้นตอนสุดท้ายมีการเติมกลิ่นรสและกรดแลคติก ที่ได้จากนมหมักจุลินทรีย์แล้วเอาไปผ่านกระบวนการ อัลตร้าฟิลเทรชัน (Ultrafiltration) เพื่อให้เข้มข้นขึ้น -Raw butter cream เป็นเนยที่ผลิตจากน้ำนมดิบ ไม่ผ่านการพาสเจอไรส์(ฆ่าเชื้อ) คือจัดไปดิบๆเลย นมดิบสดๆมาแยกครีมแล้วปั่นทำเนยเลยไม่มีการเติมอะไรทั้งสิ้น คุณภาพของเนยชนิดนี้จะแปรผันตามคุณภาพของน้ำนมดิบและความเชี่ยวชาญของผู้ที่ผลิตเนย อายุของเนยชนิดนี้จะสั้นแค่ประมาณ 7-10วันเท่านั้นเพราะทุกอย่างมันสดจริงๆ

เห็นไหมครับว่า เนยแต่ละยี่ห้อเขาก็จะมีกรรมวิธีผลิตเนยในรูปแบบที่ต่างกันไป เนยบ่มก็จะมีกลิ่นหอมรสที่หนักแน่นปริมาณไขมันเนยและความชื้นน้อยกว่าเนยแบบ sweet cream ส่วนเจ้าเนย sweet cream เองก็เน้นที่ความสดความเฟรช กลิ่นเบาๆครีมๆมีความหวานหลงเหลืออยู่และมีราคาถูกกว่า ส่วนตัว raw butter ก็จะออกไปทางงานคราฟท์ คลาสสิค

เนย Home made ทำยังไง เนยแบบที่เราทำกินเองได้ในบ้านก็เป็นแบบ sweet cream butter หรือ เนยที่ได้จากครีมสดไม่ผ่านการหมักอะไรเลย เว้นแต่เติมเกลือเพื่อให้เป็นเนยเค็ม (จริงๆเติมเกลือเพื่อช่วยยืดอายุเนยได้อีกระยะหนึ่งด้วยนะ เป็นแทคติก) ปกติวิธีการทำเนย เขาจะเอาครีมเข้าถังปั่น เพื่อให้ครีมเกิดการแยกก้อนเนยเป็น grain (เขาเรียกว่า butter granule/butter curds) กับ หางเนย (butter milk) ซึ่งเป็นของเหลวที่ประกอบไปด้วยเนื้อนมไม่รวมมันเนยแล้วก็น้ำ แล้วเขาก็จะเอาก้อนเนยนี่แหละไปล้างน้ำเย็นเอากลิ่นหืนๆและรสประหลาดๆออกไป กำจัดความชื้นแล้วจบกระบวนการตีๆตบๆขึ้นรูปเนยก้อนต่อไป

ตรงนี้ถ้าจะให้เห็นภาพขึ้น ใครทำขนมเองคงรู้ดี เวลาที่เราตีวิปครีมมากเกินไป มันจะจับก้อนและแยกชั้น เป็นก้อนๆกับเหลวๆ ก้อนๆก็คือเนื้อเนย ไอ้เหลวๆก็คือ butter milk

การทำ เนยสด homemade fresh butter กินเองที่บ้านเราก็ทำได้ด้วยการจำลองถังปั่นด้วยเครื่องตีขนม จะเป็นแบบตีมือหรือแบบเครื่องก็ได้ครับ หรืออยากจะแอดวานซ์เอาใส่ขวดน้ำแล้วเขย่าก็ได้เหมือนกันนะครับ เมื่อถึงระยะเวลานึงครีมก็จะแยกตัวเป็นเนย กับ butter milk

ลองดูที่ผมเคยทำไว้ในคลิปนี้ได้ครับ https://youtu.be/bzo7V9n2cxc?si=0ZvcAT1H-6h1ZmUh

ไขมันในเนยมีองค์ประกอบพิเศษที่ไม่ค่อยถูกพูดถึงเท่าไรนัก นั่นคือกรดไขมันสายสั้นอย่าง butyric acid ซึ่งมีชื่อมาจากคำว่า “butter” เลย เพราะมันมีบทบาทในลำไส้ โดยเฉพาะการเป็นอาหารของเซลล์เยื่อบุลำไส้ใหญ่ ช่วยลดอาการอักเสบในระบบทางเดินอาหาร

สัดส่วนไขมันในเนยส่วนใหญ่จะเป็น ไขมันอิ่มตัว (SFA) ราว 50-65%, ไขมันไม่อิ่มตัวเชิงเดี่ยว (MUFA) ประมาณ 25-30% และไขมันไม่อิ่มตัวเชิงซ้อน (PUFA) ราว 2-5% เท่านั้น แต่ในส่วนของ PUFA นั้นมีความพิเศษเล็กน้อย ที่จะคุยในน้ำมันตัวต่อไปครับ

ในโลกตะวันตกโดยเฉพาะฝรั่งเศส อิตาลี และยุโรปตอนเหนือ เนยคือพระเอกประจำห้องครัว ใช้ผัด ใช้อบ ใช้ทาขนมปัง เป็นของคู่กับวัฒนธรรมการกินแบบ traditional food ซึ่งแตกต่างจากยุคอุตสาหกรรมที่ผลักให้เนยแท้หลบมุม แล้วเอา margarine หรือ shortening ซึ่งเต็มไปด้วยไขมันแปรรูปมาแทน ด้วยการโฆษณาแบบ fiat food คล้ายกับเรื่องที่เฮียเคยพูดบ่อย ๆ นั่นแหละ

ในประเทศไทยเราเองก็มีเนยวัวใช้ในอาหารบางชนิด โดยเฉพาะขนมอบ ขนมฝรั่งโบราณ หรือขนมเนยสดสไตล์ยุโรปที่เข้ามาสมัยรัชกาลที่ 5 แต่โดยรวมคนไทยไม่คุ้นเคยกับเนยในครัวร้อนมากนัก เพราะวัฒนธรรมอาหารเรามักใช้ไขมันจากสัตว์ท้องถิ่นมากกว่า เช่น น้ำมันหมู ไขมันวัว หรือน้ำมันจากไก่และเป็ด

การใช้เนยจึงเป็นเหมือนการสื่อสารข้ามวัฒนธรรม เป็นของเรียบง่ายที่เล่าเรื่องความรู้ของมนุษย์กับธรรมชาติได้อย่างลึกซึ้ง ยิ่งเมื่อเรากลับมานึกถึงภูมิปัญญาเดิม ๆ ก็จะเห็นว่า เนยไม่ได้แค่ให้พลังงาน แต่มันคือไขมันที่พาคุณค่าสารอาหารซึมลึกเข้าไปถึงทุกเนื้อเยื่อ และพาเราเดินทางกลับไปสู่วิถีของอาหารจริง (real food) อย่างสง่างามเลยล่ะ

มาถึงตรงนี้สามารถสรุปง่ายๆจนเห็นภาพโครงสร้างหลักของเนยแล้วใช่ไหมครับว่า เนย = ไขมัน butter oil + เนื้อนม solid milk + ของเหลวอื่นๆ

หลังจากนี้เราจะมาคุยอีกผลผลิตนึง ที่ทำจากเนยครับ จำสมการข้างบนไว้ให้ดีครับ

สำหรับคนที่เพิ่งเริ่มเข้าวงการเนย ตัวนี้เป็น starter ที่ดีครับ วัวกินหญ้า https://s.shopee.co.th/30bQI86d1Q

#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ d360efec:14907b5f

<blockquote class="twitter-tweet" data-media-max-width="560"><p lang="th" dir="ltr">วิเคราะห์ <a href=" https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> วันที่ 10 may 2025 9AM <a href=" https://t.co/pGgAeXRTlq">pic.twitter.com/pGgAeXRTlq</a></p>&mdash; Lina Engword ⚡ (@LinaGamer9Apls) <a href=" https://twitter.com/LinaGamer9Apls/status/1921045030405341302?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote> <script async src=" https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Disclaimer: * การวิเคราะห์นี้เป็นเพียงแนวทาง ไม่ใช่คำแนะนำในการซื้อขาย * การลงทุนมีความเสี่ยง ผู้ลงทุนควรตัดสินใจด้วยตนเอง

@ eab58da0:eebdafbf

By Unknownfx

Mental health isn’t just about big breakthroughs; it’s about small, intentional choices that pull you out of your head and into your life. I’ve spent years wrestling with overthinking, chasing perfection, and letting my phone hijack my focus. Here’s what I’ve learned about stopping those cycles and finding peace—and how you can, too.

Trapped in My Own Mind: The Overthinking Struggle I used to overanalyze everything—every word in a conversation, every choice I made. My brain was a hamster wheel, spinning with “what ifs” and worst-case scenarios. It stole my energy and joy. Then, I tried something simple: the 5-4-3-2-1 grounding technique. Name five things you see, four you hear, three you feel, two you smell, one you taste. It sounds basic, but it yanked me out of my head and into the present. Another trick? I set a 10-minute timer to journal my worries, then closed the notebook. That act of “parking” my thoughts gave me permission to move on. Overthinking still creeps in, but these tools help me hit pause and start living.

Letting Go of Perfection to Find Happiness For years, I thought happiness meant getting everything right—perfect work, perfect routines, perfect me. Spoiler: it’s exhausting. One day, I bombed a project and expected to spiral. Instead, I felt… free. I realized perfection was a trap, keeping me from real joy. Now, I aim for “good enough” and celebrate small wins, like finishing a rough draft or just showing up on a tough day. Letting go of flawless opened the door to happiness rooted in progress, not pressure. It’s messy, but it’s honest—and that’s where the good stuff lives.

The No-Phone Hour: A Game-Changer for My Brain My phone was my shadow—scrolling during breakfast, checking notifications mid-thought. It cluttered my mind and fueled my overthinking. So, I started a daily “no-phone hour” in the morning. No screens, just me, a coffee, and quiet. Sometimes I journal, sometimes I stare out the window. At first, it felt weird, like I was missing something. But soon, I noticed my focus sharpening and my stress dipping. That hour became sacred—a reset for my mental health. It’s not about hating tech; it’s about giving your brain space to breathe.

Your Turn to Break Free These shifts—grounding my thoughts, embracing imperfection, and ditching my phone for an hour—haven’t made me “fixed.” They’ve made me freer. They’re small steps, but they add up. Try one this week: maybe a grounding exercise when you’re stuck in your head, or letting a mistake slide without self-criticism. Share your story—what’s one thing you do to quiet your mind or reclaim your focus? Drop it in the comments or post your own note. Let’s learn from each other.

@ 000002de:c05780a7

Hopefully this is the beginning of a trend. I don't have any near me but I will try it out the first chance I get.

Steak n Shake is owned by Biglari Holdings Inc. a publicly traded holding company based in Texas. Do any stackers have any background info on this move or the companies involved?

Not the first to mention this.

More info on Bitcoin Mag

originally posted at https://stacker.news/items/979201

@ ff9ff7e4:a3ba734a

A 818p se destaca como uma das principais plataformas de entretenimento digital, oferecendo aos jogadores brasileiros uma experiência completa, segura e repleta de emoção. Com um portfólio variado de jogos, navegação intuitiva e suporte dedicado, a 818p tem conquistado um público fiel que busca diversão e praticidade na palma da mão.

Conheça a Plataforma 818p A proposta da 818p é clara: oferecer entretenimento online acessível, confiável e envolvente. Seu site é otimizado tanto para computadores quanto para dispositivos móveis, garantindo uma experiência fluida em qualquer lugar. Logo ao acessar a plataforma, o usuário é recebido com uma interface moderna e organizada, facilitando a navegação entre as seções, como promoções, jogos e suporte.

Outro diferencial importante é o compromisso com a segurança. A 818putiliza tecnologia de ponta para proteger os dados dos jogadores e garantir transações seguras, seja na hora de depositar ou sacar seus ganhos. Além disso, a plataforma segue padrões internacionais de jogo responsável, incentivando uma experiência saudável para todos os usuários.

Jogos para Todos os Estilos Na 818p, há jogos para todos os gostos. Seja você fã de jogos clássicos, competições de sorte ou desafios estratégicos, há sempre algo novo para descobrir.

Entre os destaques estão os jogos de cartas e mesa, muito populares entre os brasileiros. Neles, o jogador encontra versões modernas e interativas de títulos como pôquer, bacará e outros que combinam estratégia com sorte. Os jogos de roleta virtual também fazem sucesso, com gráficos realistas e diversas variações para manter a experiência sempre empolgante.

Outro ponto forte da 818p são os jogos de slots. Com centenas de opções, desde os mais tradicionais até os mais inovadores, os slots da plataforma oferecem gráficos impressionantes, trilhas sonoras imersivas e bônus que aumentam as chances de ganhar. É possível escolher entre temáticas variadas, como mitologia, aventura, filmes e fantasia.

Além disso, a 818p frequentemente atualiza seu catálogo, trazendo novos títulos desenvolvidos por provedores renomados do mercado internacional, garantindo qualidade e inovação constante.

A Experiência do Jogador A satisfação dos jogadores é uma prioridade na 818p. A plataforma oferece um ambiente acolhedor e interativo, com recursos que tornam a experiência ainda mais completa. O processo de cadastro é simples e rápido, permitindo que novos usuários comecem a jogar em poucos minutos.

O suporte ao cliente é outro ponto de destaque. Disponível em português e com atendimento eficiente, a equipe está sempre pronta para ajudar em qualquer dúvida ou problema, seja por chat ao vivo ou e-mail.

Promoções e bônus exclusivos também fazem parte da rotina da 818p. Os jogadores ativos são recompensados com giros grátis, créditos extras e outras vantagens que tornam a jornada ainda mais divertida e vantajosa.

Conclusão A 818p prova que é possível reunir diversão, variedade e segurança em um só lugar. Com uma plataforma moderna, uma seleção impressionante de jogos e um atendimento dedicado, ela se consolida como uma excelente escolha para quem busca entretenimento online de qualidade.

Se você procura uma nova maneira de se divertir e ainda ter a chance de ganhar recompensas, a 818p é a escolha certa. Cadastre-se, explore os jogos disponíveis e descubra por que tantos brasileiros já se tornaram fãs da plataforma!

@ 04c3c1a5:a94cf83d

Testing Testing Testing

This is just a test this is just a test this is just a test This is just a test this is just a test this is just a test This is just a test this is just a test this is just a test This is just a test this is just a test this is just a test This is just a test this is just a test this is just a test This is just a test this is just a test this is just a test This is just a test this is just a test this is just a test

Would love a test

nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqg7waehxw309anx2etywvhxummnw3ezucnpdejz7ur0wp6kcctjqqspywh6ulgc0w3k6mwum97m7jkvtxh0lcjr77p9jtlc7f0d27wlxpslwvhau

| | | | | ------------------------ | - | - | | Quick'hthbdoiwenweuifier | | | | 1. Little | | |

ghtgehg

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MUCH BETTER

@ 57d1a264:69f1fee1

We asked members of the design community to choose an artifact that embodies craft—something that speaks to their understanding of what it means to make with intention. Here’s what they shared.

A vintage puzzle box, a perfectly tuned guitar, an AI-powered poetry camera. A daiquiri mixed with precision. A spreadsheet that still haunts muscle memory. Each artifact tells a story: not just about the thing itself, but about the choices of the creator behind it. What to refine, what to leave raw. When to push forward, when to let go. Whether built to last for generations or designed to delight in a fleeting moment, the common thread is that great craft doesn’t happen by accident. It’s made.

On the application of craft

Even the most experienced makers can benefit from building structure and intention into their practice. From sharpening your storytelling to designing quality products, these pieces offer practical ways to uplevel your craft.

Read more at https://www.figma.com/blog/craft-artifacts/

originally posted at https://stacker.news/items/979644

@ 472f440f:5669301e

I'm sure some of you are already tired of the discussion around the H-1B visa program that was started on Christmas Eve by Vivek Ramaswamy and escalated by Elon Musk and others as the "Silicon Valley MAGA" coalition began putting forth legal immigration policy proposals for the incoming Trump administration. Core to their policy is the expansion of the H-1B visa program so that America can "recruit the best talent in the world" to come build the American economy.

Unfortunately, as it stands today - according to the Silicon Valley cognescenti, Americans are either a.) not smart enough to fulfill the roles necessary to enable the United States to maintain its lead as economic super power of the world or b.) expect too much in compensation for the available roles. At least this is my reading from the commentary I've seen over the last week.

What seems abundantly clear to me is that the framing put forth by "Silicon Valley MAGA" crew is disingenuous and self-serving. It has been clear for awhile now that the H-1B visa program is being systematically abused to bring in cheap labor from other countries to help drive down labor costs for companies across the spectrum. Not just Silicon Valley tech companies. The system has a loophole in it and it is being exploited. Bring people to the US via H-1B visas to complete work for you at lower costs and your company's financials are likely to be better off (assuming the work being done is productive and a value add to the company). Now, this isn't to say that everyone who is in the US via an H-1B visa is here because these companies want to exploit the loophole that gives them the ability to spend less on head count. However, based off the data from the database of the H-1B visa program it is abundantly clear that the system is being taken advantage of. Egregiously and at the expense of American workers, who are most certainly not (all) "subtarded".

Herein lies the crux of the problem; companies are abusing this program to get away from the problem of Americans demanding higher wages to maintain lives of dignity in a country run by a government that is chronically addicted to debt backed by a central bank that will print money ex-nihilo and at will to monetize that debt. Americans are then being scapegoated as either "lazy", "stupid" or "delusional about their worth in the work force". A classic straw man argument that avoids the root issue at hand; the money is broken and the broken money has created perverse incentives throughout the economy while also stripping Americans of the ability to properly save the value of their labor.

We live in a high velocity trash economy that rewards grift and waste while disincentivizing hard work that is meaningful to the quality of life of the Common Man. Everything has been hyper-financialized to the point that one of the only ways to make it ahead is to speculate on the flow of capital into certain asset classes, which is often determined by the whims of central planners. Another is to build or speculate on tech "innovations" that typically materialize in the form of attention zapping apps and widgets that help people temporarily forget they live in a high-velocity trash economy.

The mass of men lead lives of quiet desperation and it is because they don't see a way out of the nihilistic rat race created (unknowingly to most) by the money printer.

The ability to print money out of nothing and throw it at everything creates misaligned incentives that result in the inability for the market to properly determine what is genuinely needed by the people instead of those who have learned how to game the broken system and its broken incentives.

One last point, I would be remiss not to acknowledge that many individuals in America aren't intellectually equipped to do some of the cutting edge work that may be necessary to produce the technologies and companies that will push the country forward. The high-velocity trash economy run on money printed out of nothing has completely corrupted the education system. People in the United States are literally dumber than they were five decades ago. That is a fact. But it is not only the fault of the American people themselves, but the corrupt system they have been born into that destroyed the education system with perverse incentives. And the overwhelming majority of the blame is on the system, not the people.

Even with that being said, the idea that we need to adopt a Tiger Mom mentality in the US - a culture of unrelenting devotion to studying STEM to the point that weekend sleepovers for kids are discouraged - is absolutely laughable and objectively un-American. There are plenty of incredibly intelligent, creative and driven young Americans who have contributed and will continue to contribute significantly to the American economy and they didn't need to shackle themselves to their desks to get that way. America isn't a country that was built by automatons. It's a country built by people who said, "Fuck you. Don't tell me what I can and cannot do. Watch this."

Despite the fact that a system has been erected that actively works against the average American system the American spirit lives on in the souls of many across the country. Miraculously. The American spirit is something that cannot simply be imported. It is ingrained in our culture. It is certainly beginning to dwindle as hope for a better future becomes more and more dim for the masses as the system works against them despite all their best efforts to succeed. It is imperative that we stoke the coals of the American spirit while it is still alive in those who are too stubborn to give up.

People need the ability to save their hard work in a money that cannot be debased. Opportunity cost needs to be reintroduced into the market so that things that actually add value and increase the quality of life for the Common Man are where hard money is allocated. And people need to start talking about the root of the problem more seriously instead of striking at branches with disingenuous straw man arguments.

---

Final thought... Ready to go surfing.

@ d360efec:14907b5f

$$<blockquote class="twitter-tweet" data-media-max-width="560"><p lang="th" dir="ltr">วิเคราะห์ <a href=" https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> วันที่ 10 may 2025 9AM <a href=" https://t.co/pGgAeXRTlq">pic.twitter.com/pGgAeXRTlq</a></p>&mdash; Lina Engword ⚡ (@LinaGamer9Apls) <a href=" https://twitter.com/LinaGamer9Apls/status/1921045030405341302?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote> <script async src=" https://platform.twitter.com/widgets.js" charset="utf-8"></script>$$

Disclaimer: * การวิเคราะห์นี้เป็นเพียงแนวทาง ไม่ใช่คำแนะนำในการซื้อขาย * การลงทุนมีความเสี่ยง ผู้ลงทุนควรตัดสินใจด้วยตนเอง

@ 472f440f:5669301e

There was a bit of a rally in stock markets today, but this was a relief rally after taking a beating throughout the week. All eyes were on Federal Reserve Chairman Jerome Powell as he took the stage on Wednesday to announce the decisions made at the most recent FOMC meeting.

The market reacted negatively to another 0.25% cut from the Federal Reserve that many considered a "hawkish cut" due to the fact that Chairman Powell articulated that it is likely that there will be less rate cuts in 2025 than were previously expected. This is likely driven by the fact that inflation, as reported by the terribly inaccurate CPI, has been coming in higher than expectations. Signaling that the Fed does not, in fact, have inflation under control. Who could have seen that coming?

Here's how the US 10Y Treasury yield reacted to the announcement:

"Not great Bob!" The US 10Y Treasury yield is something that everyone should be paying attention to over the course of the next year. Since the Fed started cutting rates in September of this year, the 10Y yield has been acting anomalously compared to how it has acted historically after Fed interest rate decisions. Since September, the market has been calling the Fed's bluff on inflation and rates have been moving in the opposite direction compared to what would be expected if the Fed had things under control. The "hawkish cut" made on Wednesday is not a great sign. The Fed is being forced to recognize that it cut "too much too fast" before actually getting inflation under control.

One has to wonder why they made such aggressive moves in September. Why the need for a much more dovish stance as quickly as they moved? Do they see something behind the scenes of the banking system that makes them believe that another liquidity crisis was on the horizon and they needed to act to prevent yet another banking crisis? Now that it is clear that inflation isn't under control and if there really was a liquidity crisis on the horizon, what are the first two quarters of 2025 going to look like? Could we find ourselves in a situation where inflation is beginning to accelerate again, there is a liquidity crisis, and the Fed is forced to rush back ZIRP and QE only to further exacerbate inflation? Couple this potential scenario with the proposed economic policy from the incoming Trump administration and it isn't hard to see that we could be in for a period of economic pain.

One can only hope that the Fed and the incoming administration have the intestinal fortitude to let the market correct appropriately, reprice, clear out the bad assets and credit that exists in the system and let the cleanse happen relatively unperturbed. That has what has been desperately needed since 2008, arguably longer.

On that note, bitcoin is going through a bull market correction this week as well. Likely incited and/or exacerbated by the turmoil in traditional markets.

Many are proclaiming that the end of this bull market is here. Don't listen to those who have been hate tweeting bitcoin all the way up this year. They've been looking for a correction to bask in schadenfreude and confirm their biases. These types of corrections are to be expected when bitcoin runs by checks notes 100% over the course of less than three months. We're approaching the end of the year, which means that people are selling to prepare for taxes (which may be happening in the stock market as well). Add to this fact that long-term holders of bitcoin have taken the most profit they have since 2018 and it probably explains the recent pull back. Can't blame the long-term holders for seeing six-figure bitcoin and deciding to bolster their cash balances.

I couldn't be more bullish on bitcoin than I am right now. The fundamentals surrounding the market couldn't be more perfect. Despite what the Trump administration may have in store for us in terms of economic policy (I agree with most of the policies he has presented), I find it hard to believe that even he and the talented team of people he has surrounded himself with can overcome the momentum of the problems that have been building up in the system for the last 16-years.

The "find safety in sats" trade is going mainstream as the market becomes more familiar with bitcoin, its properties, and the fact that it is very unlikely that it is going to die. The fervor around bitcoin as a strategic reserve asset for nation states is only picking up. And if it catches on, we will enter territory for bitcoin that was considered utterly insane only a year ago.

On that note, Nic Carter made some buzz today with a piece he wrote for Bitcoin Magazine explaining why he believes a strategic bitcoin reserve is a bad idea for the US government.

https://bitcoinmagazine.com/politics/i-dont-support-a-strategic-bitcoin-reserve-and-neither-should-you

While I agree that the signal the US government could send by acquiring a bitcoin strategic reserve could be bad for the US treasuries market, I think it comes down to strategy. The Trump administration will have to think strategically about how they acquire their Strategic Bitcoin Reserve. If they ape in, it could send the wrong message and cause everyone to dump their treasuries, which are the most popular form of collateral in the global financial system. However, there are ways to acquire bitcoin slowly but surely from here into the future that ensure that the United States gets proper exposure to the asset to protect itself from the out-of-control debt problem while also providing itself with a way out of the problem. Many of these potential strategies were discussed in two recent episodes I recorded. One with Matthew Pines from the Bitcoin Policy Institute and another with Matthew Mežinskis from Porkopolis Economics. I highly recommend you all check those out (linked below).

https://youtu.be/xyyeEqFVjBY

https://youtu.be/6vgesP9LIXk

.---

Final thought...

I am the most locked in from a focus perspective while on flights. Even with two kids under 5. Merry Christmas, Freaks!

@ ff9ff7e4:a3ba734a

Nos últimos anos, o entretenimento digital ganhou grande destaque entre os brasileiros, especialmente com o avanço da tecnologia e o fácil acesso à internet. Nesse cenário, a plataforma 133BR surge como uma das grandes promessas do setor, oferecendo uma experiência completa, segura e empolgante para quem busca diversão e recompensas. Seja você um jogador iniciante ou experiente, a 133BR tem muito a oferecer.

Plataforma Moderna e Acessível A 133BR se destaca pela sua interface intuitiva e design moderno, desenvolvido para proporcionar navegação rápida e prática. Desde o momento do cadastro, o usuário é guiado de maneira clara e objetiva, com menus organizados e acesso facilitado a todos os recursos disponíveis.

Além disso, a compatibilidade com diversos dispositivos — incluindo smartphones, tablets e computadores — garante que os jogadores possam se divertir a qualquer hora e em qualquer lugar. Tudo isso com tecnologia de ponta, que assegura estabilidade e fluidez durante o uso.

Diversidade de Jogos para Todos os Gostos Um dos grandes atrativos da 133bré a variedade de jogos oferecidos na plataforma. Com opções que vão desde os clássicos jogos de mesa até os lançamentos mais modernos e interativos, o usuário encontra sempre algo novo para explorar.

Entre os destaques estão:

Jogos de cartas: opções como pôquer, blackjack e outros estilos populares, ideais para quem gosta de usar estratégia e raciocínio.

Roletas interativas: jogos envolventes que misturam sorte com emoção, oferecendo uma experiência dinâmica e imprevisível.

Slots virtuais: com temáticas variadas e gráficos envolventes, os slots da 133BR são perfeitos para quem busca jogabilidade simples, porém empolgante.

Títulos ao vivo: interações em tempo real com apresentadores e outros jogadores, elevando o nível de imersão da plataforma.

Essa diversidade garante que todos os tipos de jogadores — dos mais estratégicos aos mais casuais — encontrem opções que combinem com seu perfil.

Experiência do Jogador: Confiabilidade e Recompensas Outro ponto forte da 133BR é a experiência do usuário como um todo. A plataforma preza pela segurança em todos os processos, desde o cadastro até as transações financeiras. Com métodos de pagamento variados e suporte eficiente, os jogadores podem realizar saques e depósitos com agilidade e tranquilidade.

A 133BR também investe em programas de recompensas e bônus promocionais, que valorizam tanto os novos usuários quanto os veteranos. Essas vantagens aumentam as chances de ganhos e incentivam a permanência dos jogadores na plataforma.

Além disso, o suporte ao cliente é um diferencial. Com atendimento rápido e em português, a equipe está sempre pronta para resolver dúvidas e oferecer suporte técnico, garantindo uma experiência fluida e sem frustrações.

Conclusão A 133BR é uma plataforma completa para quem busca entretenimento online de qualidade. Com um catálogo variado de jogos, ambiente seguro, interface moderna e suporte de excelência, ela se posiciona como uma das principais escolhas entre os brasileiros apaixonados por diversão digital. Se você está em busca de emoção, praticidade e a chance de conquistar grandes prêmios, a 133BR é o destino certo.

@ 472f440f:5669301e

The end of the first part of bitcoin's story has come to an end. Most of the story has yet to be written, but I feel confident in saying that reaching the $100,000 per bitcoin milestone is a clear demarcation between two distinct eras of bitcoin. Yes, we have hit the significant milestones of $1, $10, $100, $1,000, and $10,000 over the last fifteen years and they all felt significant. And they certainly were in their own right. However, hitting the "six figure" milestone feels a bit different.

One bitcoin is currently worth a respectable salary for an American citizen. Ten hunnid bands. Something that is impressive to the layman. This may not mean much to many who have been around bitcoin for some time. The idea of bitcoin hitting $100,000 was seen as a foregone conclusion for millions of people out there. Myself included. This price marker is simply an inevitability on the road to global reserve currency to us.

With that being said, it is important to put yourself in the shoes of those who have doubted bitcoin up to this point. For some reason or another, $100,000 bitcoin has been used as a price target that "will never be hit" for many of the naysayers.

"Bitcoin is a Ponzi scheme."

"Tulips."

"Governments will ban it if it hits that point."

"It can't scale."

"It will be 51% attacked."

"No one will trust bitcoin."

"It can't be the world's money."

And yet, despite all of the kvetching from the haters over the years, here we are. Sitting above $100,000. Taking a short rest at the latest checkpoint en route to the peak of the mountain. We hovered right under $100,000 for a couple of weeks. Nominally, where we stand today is much closer to where we were last week compared to where we were six months ago. But for some reason the price tipping over $100,000 has catapulted bitcoin to a new playing field. Where bitcoin stood yesterday and where it found itself six months ago seem miles below where it is today. Crossing over the event horizon of six figures forces people to think of bitcoin in a different light. Almost as if we have entered another dimension.

The last year has been filled with a lead up to this crossing over of the event horizon.

Financial institutions that have derided bitcoin for well over a decade were forced to bend the knee and offer bitcoin exposure to their clients. The mere offering of that exposure has resulted in the most successful ETFs in the history of this particular investment vehicle.

Governments around the world have been forced to reckon with the fact that bitcoin is here to stay and that they need to act accordingly. Thanks to the first mover actions taken by El Salvador and Bhutan, which have nonchalantly decided to go all in on bitcoin, others have taken notice. Will that be publicly acknowledged by the bigger governments? Probably not. But you'd be naive to think that politicians in the US seeing two very small countries making such big bets on bitcoin didn't induce at least a little bit of FOMO. Once the bitcoin FOMO seed is planted it's hard to uproot.

Combine this with the fact that it has become rather cool to be privy to the fact that the world's governments have become egregiously addicted to debt and money printing, that inflation is pervasive and inescapable, and that censorship and Orwellian control tactics are on the rise and it is easy to see why more people are more receptive to the idea of bitcoin.

All that was needed to create an all out frenzy - a slingshot effect up the S Curve of adoption - was a psychological trigger. Bitcoin crossing over six figures.

Well, here we are. The tropes against bitcoin that have been trotted out over the last sixteen years no longer have as much bite as they did in many people's eyes. Sure, there will be some butt hurt nocoiners and totalitarians who continue to trot them out, but crossing the chasm of six figure bitcoin will have an order of magnitude more people thinking, "I hear what you're saying, but reality seems to be saying something completely different. And, if I'm being honest with myself, reality is making much more sense than your screeching."

Unstoppable peer-to-peer digital cash with a hard capped supply has been around since January 3rd, 2009. December 5th, 2024 will be the day that it cemented itself as something that cannot be ignored. Part I of the bitcoin story has been written. The end of the beginning is behind us. On to Part II: the rapid monetization of bitcoin, which will cement it as the reserve currency of the world.

---

Final thought... I used some 2017-2020 era tactics to get into the writing mood tonight. 90210

@ d360efec:14907b5f

Disclaimer: * การวิเคราะห์นี้เป็นเพียงแนวทาง ไม่ใช่คำแนะนำในการซื้อขาย * การลงทุนมีความเสี่ยง ผู้ลงทุนควรตัดสินใจด้วยตนเอง

@ 9c9d2765:16f8c2c2

CHAPTER EIGHTEEN

"I’ve got something you’ll love. A woman, probably James’s sister from the street, came begging for money at JP today. He humiliated her. The whole thing happened in front of staff. Check the photos attached. This could ruin him if we spin it well."

Within minutes, Helen replied: “Excellent. This might be the leverage we’ve been waiting for. Keep digging, Tracy. He can’t escape the past forever.”

Mark responded too, bitter laughter echoing in his voice note: “The mighty always fall. This is just the beginning.”

But what none of them knew was that James had already noticed Tracy's growing interest in him, her subtle spying, her conveniently timed questions, and now this bold move to document his personal confrontation. He wasn’t going to act just yet… but he was watching.

"Have you seen the news?" Sandra’s voice crackled through the phone, her tone urgent and unsettled.

James, seated in his office at JP Enterprises, furrowed his brows. He hadn’t turned on the television yet. "No. What happened?"

"You need to check the headlines immediately. It’s everywhere. They’ve dragged your name through the mud!"

Without another word, James reached for the remote and turned on the large flat-screen mounted on his office wall. The screen lit up with a news report, the broadcaster’s voice sharp and sensational.

“Shocking footage surfaces: JP Enterprises’ President humiliates his only sister in broad daylight!”

Photos of James and Evelyn outside the company played in a dramatic sequence him confronting her, her being escorted out, and his seemingly cold expression. The captions twisted the story:

“Heartless Billionaire?” “President throws out helpless sister for asking money” “The shameful side of JP Enterprises’ leader exposed!”

James leaned back in his chair, eyes narrowing as he watched.

"This is calculated," he muttered under his breath. "Scripted. Twisted."

He turned off the screen and called Sandra back. "I want Tracy's devices checked. Every message, every image. And I want a full trace on the origin of this story. Media outlets don’t run this kind of narrative without a source."

"You think Tracy’s behind it?" Sandra asked, her voice low.

"She took the pictures, I’m sure of it. But she’s not working alone," James replied, voice steely. "This is too well-planned for one person. They’re trying to frame me, twist reality, and attack my image. And I’ll make sure every single one of them is exposed."

Meanwhile, at a discreet location, Mark, Helen, and Tracy gathered to watch the fire they had ignited. Tracy grinned as she scrolled through social media posts and reactions.

"It’s gone viral," she said gleefully. "Everyone thinks that woman’s your sister. It’s everywhere on blogs, gossip pages, even official news networks. The damage is done."

Mark chuckled darkly. "This will shatter his reputation. Let’s see how he enjoys being publicly hated."

Helen, sipping her wine with a satisfied look, added, "It’s only the beginning. Let’s push this narrative harder. We’ll make sure the board at JP Enterprises starts questioning his character."

But little did they know James had already activated his private investigative team. Every file, every message, every trail was being traced.

Back at JP Enterprises, James stood by the window of his office, watching the skyline, his hands in his pockets.

"They want a war?" he said to himself quietly. "Then I’ll give them one. But on my own terms."

His phone buzzed. A message from his chief of cyber-security read:

“We’ve located the media contact. Payment traced to a dummy account linked to Helen Ray.”

James stared at the screen, his jaw tightening.

The day of the much-anticipated 16th Anniversary of JP Enterprises finally arrived, cloaked in glamour, prestige, and tension. The event venue, a grand luxury hall draped in velvet and golden decor, radiated elegance and opulence. Bright lights illuminated the red carpet, and camera flashes sparked like lightning as influential business magnates, city officials, and esteemed guests from far and wide began to pour in.

Among the prominent guests were Helen Ray, Mark, Tracy, and other members of the Ray family. Dressed in designer gowns and tailored suits, they mingled with high society, laughing and sipping champagne, their polished facades hiding the scheme they had carefully orchestrated for the night.

The hall buzzed with anticipation for the arrival of Mr. and Mrs. JP, the founders of the JP Empire. Meanwhile, in a secluded corner of the hall, Helen leaned towards Mark, whispering with a smirk, “She’s on her way. Get ready for the show.”

The “she” Helen referred to was Evelyn, the same woman they had bribed to once again impersonate James’s sister and stir public humiliation. This time, it wouldn’t just be a few photos, they wanted a scandal of epic proportions, a scene so chaotic and public that it would crumble James’s standing in the business world for good.

As guests chatted and live music flowed through the air, James entered the hall in a pristine black tuxedo, exuding power and poise. He walked beside his uncle Charles and his loyal staff, warmly greeting dignitaries and longtime associates. His presence commanded attention, but murmurs soon rippled through the crowd.

Whispers filled the air like wind in dry grass:

"That’s the man from the headline, isn’t he?" "They say he threw his own sister out for asking for help." "Such cruelty… and yet here he is, smiling like a saint."

As James navigated through the crowd with measured grace, Helen sauntered over, her heels clicking on the marble floor, her expression dripping with sarcasm.

“Well, well, if it isn’t our gallant President,” she began, feigning admiration. “I must say, you clean up well for someone who was just exposed in the most shameful news of the year.”

James turned to her with a calm but unreadable gaze. “Helen,” he greeted curtly.

She chuckled. “You really should be more careful with family matters. The public has a long memory, you know.”

Before James could reply, a loud voice broke through the soft music. “James! James! You left me with nothing!”

All heads turned toward the entrance, where Evelyn stumbled in, her appearance carefully staged to look disheveled and distraught. She weaved through the crowd, screaming and sobbing uncontrollably, clutching at the air as security hesitated to intervene.

@ 52524fbb:ae4025dc

The World of Higher Education

Students in the world The nostr ecosystem to university students across the world is like a dream come through in terms of its main feature of decentralisation, which to them is an eye opener from censorship The feeling of having and being free to carry out activities without the fear of being flagged down or zoomed in at, is indeed thrilling and beyond comparison. This Leeds us to one of the most amazing platforms running on the Nostr ecosystem known as Yakihonne, it's impact on decentralisation and bitcoin collaboration with various related communities deserves the name of the fastest growing decentralised media in the world, known for it's article implementation, a large variety of customizable widgets, a friendly user interface and it's lightning fast wallet, this platform known widely for it's phrase of "value -value" is indeed beyond comparison

@ d360efec:14907b5f

Disclaimer: * การวิเคราะห์นี้เป็นเพียงแนวทาง ไม่ใช่คำแนะนำในการซื้อขาย * การลงทุนมีความเสี่ยง ผู้ลงทุนควรตัดสินใจด้วยตนเอง

@ d360efec:14907b5f

Disclaimer: * การวิเคราะห์นี้เป็นเพียงแนวทาง ไม่ใช่คำแนะนำในการซื้อขาย * การลงทุนมีความเสี่ยง ผู้ลงทุนควรตัดสินใจด้วยตนเอง

@ c1e9ab3a:9cb56b43

I. Historical Foundations of U.S. Monetary Architecture

The early monetary system of the United States was built atop inherited commodity money conventions from Europe’s maritime economies. Silver and gold coins—primarily Spanish pieces of eight, Dutch guilders, and other foreign specie—formed the basis of colonial commerce. These units were already integrated into international trade and piracy networks and functioned with natural compatibility across England, France, Spain, and Denmark. Lacking a centralized mint or formal currency, the U.S. adopted these forms de facto.

As security risks and the practical constraints of physical coinage mounted, banks emerged to warehouse specie and issue redeemable certificates. These certificates evolved into fiduciary media—claims on specie not actually in hand. Banks observed over time that substantial portions of reserves remained unclaimed for years. This enabled fractional reserve banking: issuing more claims than reserves held, so long as redemption demand stayed low. The practice was inherently unstable, prone to panics and bank runs, prompting eventual centralization through the formation of the Federal Reserve in 1913.

Following the Civil War and unstable reinstatements of gold convertibility, the U.S. sought global monetary stability. After World War II, the Bretton Woods system formalized the U.S. dollar as the global reserve currency. The dollar was nominally backed by gold, but most international dollars were held offshore and recycled into U.S. Treasuries. The Nixon Shock of 1971 eliminated the gold peg, converting the dollar into pure fiat. Yet offshore dollar demand remained, sustained by oil trade mandates and the unique role of Treasuries as global reserve assets.

II. The Structure of Fiduciary Media and Treasury Demand

Under this system, foreign trade surpluses with the U.S. generate excess dollars. These surplus dollars are parked in U.S. Treasuries, thereby recycling trade imbalances into U.S. fiscal liquidity. While technically loans to the U.S. government, these purchases act like interest-only transfers—governments receive yield, and the U.S. receives spendable liquidity without principal repayment due in the short term. Debt is perpetually rolled over, rarely extinguished.

This creates an illusion of global subsidy: U.S. deficits are financed via foreign capital inflows that, in practice, function more like financial tribute systems than conventional debt markets. The underlying asset—U.S. Treasury debt—functions as the base reserve asset of the dollar system, replacing gold in post-Bretton Woods monetary logic.

III. Emergence of Tether and the Parastatal Dollar

Tether (USDT), as a private issuer of dollar-denominated tokens, mimics key central bank behaviors while operating outside the regulatory perimeter. It mints tokens allegedly backed 1:1 by U.S. dollars or dollar-denominated securities (mostly Treasuries). These tokens circulate globally, often in jurisdictions with limited banking access, and increasingly serve as synthetic dollar substitutes.

If USDT gains dominance as the preferred medium of exchange—due to technological advantages, speed, programmability, or access—it displaces Federal Reserve Notes (FRNs) not through devaluation, but through functional obsolescence. Gresham’s Law inverts: good money (more liquid, programmable, globally transferable USDT) displaces bad (FRNs) even if both maintain a nominal 1:1 parity.

Over time, this preference translates to a systemic demand shift. Actors increasingly use Tether instead of FRNs, especially in global commerce, digital marketplaces, or decentralized finance. Tether tokens effectively become shadow base money.

IV. Interaction with Commercial Banking and Redemption Mechanics

Under traditional fractional reserve systems, commercial banks issue loans denominated in U.S. dollars, expanding the money supply. When borrowers repay loans, this destroys the created dollars and contracts monetary elasticity. If borrowers repay in USDT instead of FRNs:

• Banks receive a non-Fed liability (USDT).
• USDT is not recognized as reserve-eligible within the Federal Reserve System.
• Banks must either redeem USDT for FRNs, or demand par-value conversion from Tether to settle reserve requirements and balance their books.

This places redemption pressure on Tether and threatens its 1:1 peg under stress. If redemption latency, friction, or cost arises, USDT’s equivalence to FRNs is compromised. Conversely, if banks are permitted or compelled to hold USDT as reserve or regulatory capital, Tether becomes a de facto reserve issuer.

In this scenario, banks may begin demanding loans in USDT, mirroring borrower behavior. For this to occur sustainably, banks must secure Tether liquidity. This creates two options: - Purchase USDT from Tether or on the secondary market, collateralized by existing fiat. - Borrow USDT directly from Tether, using bank-issued debt as collateral.

The latter mirrors Federal Reserve discount window operations. Tether becomes a lender of first resort, providing monetary elasticity to the banking system by creating new tokens against promissory assets—exactly how central banks function.

V. Structural Consequences: Parallel Central Banking

If Tether begins lending to commercial banks, issuing tokens backed by bank notes or collateralized debt obligations: - Tether controls the expansion of broad money through credit issuance. - Its balance sheet mimics a central bank, with Treasuries and bank debt as assets and tokens as liabilities. - It intermediates between sovereign debt and global liquidity demand, replacing the Federal Reserve’s open market operations with its own issuance-redemption cycles.

Simultaneously, if Tether purchases U.S. Treasuries with FRNs received through token issuance, it: - Supplies the Treasury with new liquidity (via bond purchases). - Collects yield on government debt. - Issues a parallel form of U.S. dollars that never require redemption—an interest-only loan to the U.S. government from a non-sovereign entity.

In this context, Tether performs monetary functions of both a central bank and a sovereign wealth fund, without political accountability or regulatory transparency.

VI. Endgame: Institutional Inversion and Fed Redundancy

This paradigm represents an institutional inversion:

• The Federal Reserve becomes a legacy issuer.
• Tether becomes the operational base money provider in both retail and interbank contexts.
• Treasuries remain the foundational reserve asset, but access to them is mediated by a private intermediary.
• The dollar persists, but its issuer changes. The State becomes a fiscal agent of a decentralized financial ecosystem, not its monetary sovereign.

Unless the Federal Reserve reasserts control—either by absorbing Tether, outlawing its instruments, or integrating its tokens into the reserve framework—it risks becoming irrelevant in the daily function of money.

Tether, in this configuration, is no longer a derivative of the dollar—it is the dollar, just one level removed from sovereign control. The future of monetary sovereignty under such a regime is post-national and platform-mediated.

@ 472f440f:5669301e

Uber seed investor and executive producer of the All In podcast Jason Calacanis has been publicly sounding the alarm bell about Microstrategy's bitcoin treasury strategy and the cheer leading exhibited by the company's CEO, Michael Saylor. Calacanis believes that Microstrategy's bitcoin acquisition techniques are a Ponzi scheme waiting to implode. Going as far as to question whether or not Microstrategy is the next FTX.

Earlier today, Jason spent a section of an episode of This Week in Startups to discuss his worries about MSTR's bitcoin treasury strategy, Saylor's overt pumping of the strategy, and the fact that there are other companies like Marathon Holdings beginning to deploy similar convertible debt strategies. While I can see how this can be unnerving for many, I do think there is a fundamental misunderstanding of what Microstrategy is doing. Last week I explained the strategy in a tweet, which I'll reiterate here:

Whether you like it or not, Saylor and Microstrategy have found a way to give pools of liquidity (particularly pools with mandates to allocate to fixed income) exposure to bitcoin’s volatility via convertible notes. The converts are performing better than any other fixed income product on the market.

Other investors have noticed this and have piled into MSTR as well understanding that demand for the converts will increase and enable Microstrategy to accumulate more bitcoin. Those investors feel comfortable with the premium to mNAV MSTR is trading at because they believe the demand for a high performing fixed income product will remain high and likely increase.

Microstrategy can continue doing this until viable competition comes to market because there is no one else offering this type of bitcoin return exposure to fixed income investors at scale. Another important detail, the convertible notes have a duration of 5 years or more while bitcoin’s lowest 4-year CAGR is 26% and its 50th percentile 4-year CAGR is 91%. If you think this will continue then this is a pretty safe bet for Microstrategy and the convertible note holders.

In a world were central banks and governments have gone mad with currency debasement and debt expansion it is pretty safe to assume that bitcoin adoption will not only continue but accelerate from here. What do I think about Microstrategy accumulating this much bitcoin? It makes me a bit uneasy but there’s nothing I can do to stop it and bitcoin will survive in the long run. Even if Microstrategy blows up somehow (I don’t think this is likely). Bitcoin was designed to be anti-fragile.

This is a classic case of “don’t hate the player, hate the game”. Or better yet, join the game. After all, the only winning move is to play.

Essentially, Michael Saylor is taking a long-term bet on bitcoin's continued adoption/monetization and trying to accumulate as much as possible by issuing convertible notes with a 4+ year duration, which should increase the likelihood that Microstrategy is in the black on their bitcoin buys over time as history has shown that anyone who holds bitcoin for more than four years has performed well. This should, in turn, be reflected in their stock price, which should increase alongside bitcoin and convert the debt they've accrued into newly issued shares of MSTR. Through the process, if the strategy is executed successfully, increasing the amount of bitcoin per share for MSTR shareholders. (This is the only metric shareholders should care about in my opinion.)

Yes, this may seem crazy to many and extremely risky to most, but that is the nature of free markets. Every company takes calculated risks in an attempt to increase shareholder value. Michael Saylor and company are betting on the fact that bitcoin will continue to be adopted and are utilizing pools of capital that don't have the ability to buy bitcoin directly, but want exposure to its volatility to achieve their goals. To me it looks like a perfectly symbiotic relationship. Microstrategy is able to accumulate more bitcoin and increase their bitcoin per share while fixed income investors are able to access a product that performs well above their benchmark due to the embedded volatility of the exposure to bitcoin Microstrategy provides.

This won't be a surprise to any of you freaks, but I think it's a pretty smart bet to make. Bitcoin is almost 16-years old. It has established itself as a reserve asset for individuals, companies and countries. A reserve asset that is completely detached from the whims of central planners, transparent, predictable, scarce, and can be transmitted over the Internet. Bitcoin is an idea whose time has come. And more people are beginning to recognize this.

This is one of the beautiful aspects of the public company convertible-note-to-bitcoin strategy that Microstrategy has deployed over the last few years. They are able to harness the benefits of forces that are external to their core business to provide shareholders with value. Michael Saylor could stop buying bitcoin tomorrow and it wouldn't affect bitcoin's adoption in the medium to long-term. He continues to buy bitcoin, and encourages others to do the same, because he recognizes this.

Bitcoin is the apex predator of treasury assets for every individual, company, non-profit or government. The assets competing to be treasury assets are all centrally controlled, easily manipulable, and quickly losing favor. Earlier today, Federal Reserve Board Governor Christopher Waller came out and admitted that inflation is kicking the Fed's ass. They cannot tame it.

Waller may posture by saying that "submission is inevitable", but that doesn't make it true. There is simply too much debt and not enough dollars. The annual interest expense on the US Federal debt is now larger than our spending on national defense. The Fed, whether it wants to admit it or not, is going to have to monetize that debt via the debasement of the dollar. If you are using dollars as a treasury asset it is very important that you understand this and react accordingly by adopting a bitcoin strategy. This is what Michael Saylor is trying to make his peers in public markets understand.

Sure, his marketing tactics may seem a bit uncouth to many and the way in which he's expressing his belief through Microstrategy's accumulation strategy may seem risky, but it's hard to argue that his core thesis is flawed. Especially when you consider the fact that bitcoin has officially climbed to the strata of being seriously considered as a treasury asset for the most powerful nation state in the world. I listen to the All In podcast quite frequently and genuinely like the show. It is a good way to gain perspective on how Silicon Valley investors view the world. If I were to give Jason any advice it would be to take a step back and to apply one of the most frequently discussed topics of the last on his show, the emergence of AI and the importance of everyone to incorporate AI into their businesses and workflows as quickly as possible before they get left behind. The same mental model applies to the emergence of bitcoin as a dominant reserve asset.

It is imperative that every individual, company and government adopts a bitcoin treasury strategy if they want to be able to succeed moving forward without the inherent resistance that is introduced from storing the fruit of your labor in a money or money-like asset that does not preserve purchasing power over time. Just because Saylor has recognized this, moved aggressively to effectuate his understanding via his company's balance sheet, and vociferously markets the strategy to others doesn't mean he's wrong. As I said in my tweet last week, I personally prefer to hold actual bitcoin. That doesn't mean that Microstrategy and others haven't honed in on something unique and legitimate given their circumstances and access to certain financial tools.

---

Final thought... I apologize for the extended hiatus. I hit a hard wall of writer's block over the last month. I think the time away from the keyboard has been good for me and the quality of this rag moving forward.

@ 502ab02a:a2860397

เราก็คุยเรื่อง Future Food กันมาสักพักแล้ว หลายคนอาจจะคิดว่ามีการจัดสรรกันลงตัวใช่ไหมครับ ต้องขอโทษด้วย โลกแห่งความเป็นจริงนั้น ผู้ล่าที่แข็งแกร่งถึงจะอยู่รอดเป็นจ่าฝูง (นี่ขนาดผู้ล่านะครับ เหยื่ออย่างเรา อย่าเจ๋อเลยเชียว ฮาๆๆ)

วันนี้เราจะมารู้จักผู้เล่นสนามนี้อีกเจ้านึง ที่เขย่าวงการชีส เช่นกันนั่นคือ Formo ผู้ที่ปฏิวัติวงการชีสด้วยเทคโนโลยี Precision Fermentation อีกเจ้านึงนั่นเองครับ

ถ้าพูดถึงชีส คนส่วนใหญ่มักนึกถึงกลิ่นหอม มัน เค็มละมุนของผลิตภัณฑ์จากนมวัว บางคนกินคู่ไวน์ บางคนโปะบนพิซซ่า หรือบางทีก็แค่ขูดโรยหน้าสลัดให้ดูดีมีระดับขึ้นมาทันตา แต่ในวันที่โลกหมุนไปเร็ว และการเคลื่อนสู่อาหารอนาคต นำทั้งเรื่องการใช้ทรัพยากรจากสัตว์ การปล่อยก๊าซเรือนกระจก และแม้แต่สุขภาพมาเป็นจุดเปลี่ยนของผลประโยชน์ระดับโลก

และนั่นคือจุดที่บริษัทเล็ก ๆ จากเยอรมนีที่ชื่อว่า “Formo” กำลังก้าวเข้ามาเปลี่ยนเกมในโลกของชีส ด้วยเทคโนโลยีที่เรียกว่า “precision fermentation” อีกเช่นกัน เทคโนโลยียอดนิยมที่ในวงการมีในครอบครองมากมายแต่ตลาดผู้บริโภค ยังแทบไม่เคยได้ยินกัน เทคโนโลยีที่ทำให้ไม่ต้องรีดนมหรือเลี้ยงวัวเลยสักตัว แต่ได้ชีสที่กลิ่น เนื้อสัมผัส และโปรตีนเคซีนเหมือนกับชีสจริงเป๊ะ ๆ ราวกับเสกขึ้นมา

Formo ใช้เชื้อราที่ชื่อว่า Aspergillus oryzae หรือที่เรารู้จักกันในชื่อ “โคจิ” ซึ่งมีประวัติการใช้งานยาวนานในอาหารเอเชียอย่างมิโสะ ซอสถั่วเหลือง และสาเก เชื้อนี้ถูกนำมาดัดแปลงพันธุกรรมให้สามารถผลิตโปรตีนเคซีน ซึ่งเป็นโปรตีนหลักในน้ำนมวัว จากนั้นก็เลี้ยงในถังหมัก (bioreactor) ภายใต้การควบคุมอย่างแม่นยำ เพื่อให้เชื้อราทำหน้าที่เป็นโรงงานชีวภาพขนาดจิ๋ว ผลิตโปรตีนออกมาอย่างปลอดภัยและมีประสิทธิภาพ เมื่อนำโปรตีนที่ได้มาผสมกับไขมันและส่วนประกอบอื่น ๆ ก็สามารถสร้างชีสที่ทั้งหน้าตา รสชาติ และเนื้อสัมผัสใกล้เคียงของจริงจนนักชิมสายแข็งยังต้องเลิกคิ้ว ซึ่งทั้งหมดนี้เกิดขึ้นโดยไม่ต้องใช้วัวเลยแม้แต่น้อย ลดการใช้ทรัพยากรธรรมชาติไปมหาศาล และยังหลีกเลี่ยงการใช้ยาปฏิชีวนะ ฮอร์โมน หรือปัจจัยเสี่ยงจากอุตสาหกรรมนมแบบดั้งเดิมอีกด้วย ถ้าไม่มองใส้ในนี่รับรองว่าได้ใจประชากรโลกไปแน่ๆอะครับ

ไม่ใช่แค่ มอสซาเรลลา แต่ชีสจาก Formo มีให้เลือกหลายแบบ ตั้งแต่ “Frischhain” ซึ่งเป็นชีสสเปรดนุ่ม ๆ มีรสสมุนไพรและมะเขือเทศ ไปจนถึง “Camembritz” ชีสนุ่มสไตล์ฝรั่งเศส และ “Cité Bleu” ที่มีกลิ่นแรงแบบบลูชีส เหมาะสำหรับคนที่ชอบความจัดจ้านของรสชาติ ส่วนใครที่ชอบความกลมกล่อม มัน ๆ แบบพรีเมียม “Charlottenbourg” และ “Le Kreuzberg” ก็เป็นตัวเลือกที่ไม่ควรพลาด ทุกชิ้นถูกออกแบบมาให้กินแล้วไม่รู้เลยยยยยยยว่าทำจากโปรตีนที่ผลิตจากจุลินทรีย์ ไม่ใช่นมวัว โดยวางจำหน่ายแล้วในร้านค้ากว่า 2,000 สาขาทั่วเยอรมนีและออสเตรีย ไม่ว่าจะเป็น REWE, BILLA หรือ METRO แปลว่าตลาดเริ่มยอมรับชีสไร้สัตว์ในระดับที่จับต้องได้จริง ไม่ใช่แค่ของเล่นในห้องแล็บอีกต่อไปแล้วครับ มันเกิดขึ้นแล้วในระดับสินค้าบริโภคทั่วไป

ความสำเร็จของ Formo ไม่ได้มาจากเทคโนโลยีอย่างเดียว แต่ยังเกิดจากการสร้างเครือข่ายพันธมิตรและการระดมทุนอย่างชาญฉลาด บริษัทระดมทุนไปแล้วกว่า 135 ล้านยูโรจากนักลงทุนทั่วโลก และได้รับเงินกู้จาก European Investment Bank อีก 35 ล้านยูโร เพื่อนำไปขยายโรงงานผลิตโปรตีนและพัฒนาผลิตภัณฑ์ให้หลากหลายขึ้น รวมถึงลดต้นทุนให้ถูกลง จนสามารถแข่งขันกับชีสจากนมวัวได้ในอนาคต อีกทั้งยังร่วมมือกับบริษัทเบลเยียมอย่าง Those Vegan Cowboys และกลุ่ม Food Fermentation Europe ในการเร่งวิจัยและผลักดันนโยบายให้เทคโนโลยีนี้ได้รับการรับรองในสหภาพยุโรปเร็วขึ้น ซึ่งหากสำเร็จ ก็อาจเป็นจุดเปลี่ยนที่ทำให้ชีสแบบดั้งเดิมต้องยอมหลีกทางให้ชีสจากการหมักอย่างเป็นทางการ

ทั้งหมดนี้ชวนให้เราตั้งคำถามว่า อะไรคือ “ชีสจริง” กันแน่? ถ้าโปรตีนโครงสร้างเหมือนกัน รสชาติเหมือนกัน แต่ผลิตได้อย่างยั่งยืนกว่า สุขภาพดีกว่า และไม่ต้องเบียดเบียนสัตว์ แล้วเรายังจะยึดติดกับภาพวัวนมในทุ่งหญ้าสีเขียวอยู่ไหม? หรือถึงเวลาที่เราจะเปิดใจให้กับชีสแบบใหม่ ที่ไม่ได้มาจากธรรมชาติแบบเดิม ๆ แต่เป็นผลลัพธ์ของความรู้ วิทยาศาสตร์ และความตั้งใจเปลี่ยนแปลงโลกให้การกำหนดอาหารว่า มนุษย์ควรกินอะไร อยู่ภายใต้การผลิตของโรงงาน มากกว่าธรรมชาติ

พรุ่งนี้เราจะมาดูกันครับ ว่าทาสการตลาดจะมองออกไหมว่า สิ่งที่องค์กรเหล่านี้โฆษณาไว้ มีจุดหลบเลี่ยงบาลีอย่างไร ให้แนวทางของเขาดูสวยหรู รักโลก #pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ 21335073:a244b1ad

Someone asked for my thoughts, so I’ll share them thoughtfully. I’m not here to dictate how to promote Nostr—I’m still learning about it myself. While I’m not new to Nostr, freedom tech is a newer space for me. I’m skilled at advocating for topics I deeply understand, but freedom tech isn’t my expertise, so take my words with a grain of salt. Nothing I say is set in stone.

Those who need Nostr the most are the ones most vulnerable to censorship on other platforms right now. Reaching them requires real-time awareness of global issues and the dynamic relationships between governments and tech providers, which can shift suddenly. Effective Nostr promoters must grasp this and adapt quickly.

The best messengers are people from or closely tied to these at-risk regions—those who truly understand the local political and cultural dynamics. They can connect with those in need when tensions rise. Ideal promoters are rational, trustworthy, passionate about Nostr, but above all, dedicated to amplifying people’s voices when it matters most.

Forget influencers, corporate-backed figures, or traditional online PR—it comes off as inauthentic, corny, desperate and forced. Nostr’s promotion should be grassroots and organic, driven by a few passionate individuals who believe in Nostr and the communities they serve.

The idea that “people won’t join Nostr due to lack of reach” is nonsense. Everyone knows X’s “reach” is mostly with bots. If humans want real conversations, Nostr is the place. X is great for propaganda, but Nostr is for the authentic voices of the people.

Those spreading Nostr must be so passionate they’re willing to onboard others, which is time-consuming but rewarding for the right person. They’ll need to make Nostr and onboarding a core part of who they are. I see no issue with that level of dedication. I’ve been known to get that way myself at times. It’s fun for some folks.

With love, I suggest not adding Bitcoin promotion with Nostr outreach. Zaps already integrate that element naturally. (Still promote within the Bitcoin ecosystem, but this is about reaching vulnerable voices who needed Nostr yesterday.)

To promote Nostr, forget conventional strategies. “Influencers” aren’t the answer. “Influencers” are not the future. A trusted local community member has real influence—reach them. Connect with people seeking Nostr’s benefits but lacking the technical language to express it. This means some in the Nostr community might need to step outside of the Bitcoin bubble, which is uncomfortable but necessary. Thank you in advance to those who are willing to do that.

I don’t know who is paid to promote Nostr, if anyone. This piece isn’t shade. But it’s exhausting to see innocent voices globally silenced on corporate platforms like X while Nostr exists. Last night, I wondered: how many more voices must be censored before the Nostr community gets uncomfortable and thinks creatively to reach the vulnerable?

A warning: the global need for censorship-resistant social media is undeniable. If Nostr doesn’t make itself known, something else will fill that void. Let’s start this conversation.

@ 5391098c:74403a0e

(Textículo em prosa erudita sobre a Ideologia Anarco-Capitalista-Cristã)

https://davipinheiro.com/01-escravos-da-cara-inchada/

A cultura #Woke apropriou-se da imagem sobre a #escravidão. Quando uma pessoa aculturada imagina um #escravo, vem em sua mente a imagem de um ser humano negro, magro e flagelado. Para quem enxerga além das cortinas da mentira, vem em sua mente a imagem de um ser humano de qualquer etnia, gordo e doente.

Democracia, péssimo regime de governo assim classificado pelo seu próprio idealizador: Platão em A República, é o grito da hienas de dentes arreganhados para ampliação do regime escravocrata fomentado pelos #GlobalistasSatanistas.

Um escravo da cara inchada é todo aquele ser humano ignorante inconsciente que alimenta esse sistema em troca de intoxicantes como flúor¹, cloro, glutamato monosódico, gordura trans, corantes, conservantes, refrigerantes, bebidas alcoólicas, psicotrópicos e remédios sintomáticos, tudo embrulhado com mentiras reiteradas.

Como consequência, após os 18 anos de idade o corpo do #EscravoDaCaraInchada sucumbe à tamanha intoxicação e passa a inchar, sendo fisicamente perceptível sua condição de escravo da cara inchada tanto à olho nú quando por reconhecimento facial de qualquer pseudo inteligência artificial.

O círculo vicioso da #EscravidaoDemocratica é tão simples e tosco como o “pão e circo romano”, Mesmo assim é muito difícil para o escravo da cara inchada perceber a própria condição tamanha é sua intoxicação física e mental.

Se um Anarco-Capitalista-Cristão (#Ancapcristão) chega para um escravo da cara inchada e explica sobre esses intoxicantes como instrumento de escravização, dificilmente o escravo da cara inchada irá acreditar pois diferentemente do antigo e aposentado chicote, o novo instrumento da escravidão não dói de imediato e os próprios efeitos da intoxicação impedem-no de raciocinar com clareza.

Portanto, para que os #GlobalistasSatanistas obtivessem sucesso na democratização da escravidão, tiveram que criar um chicote químico e uma ideologia favorável. Quanto às etapas utilizadas para formação dessa ideologia no inconsciente coletivo passo a elencar as 6 grandes mentiras em ordem cronológica:

(1ª etapa) Iluminismo: distanciamento de #Deus e seus ensinamentos, criação de sociedades secretas, exacerbação do ser humano perante o criador na tentativa de projetar o ser humano como seu próprio deus, tornando-o responsável sobre os rumos naturais do planeta. Assim formou-se a base ideológica para o materialismo, ambientalismo, feminismo, controle populacional e ideologia de gêneros;

(2ª etapa) Materialismo: perda do propósito espiritual e do sentido da vida², o que passa a importar são apenas as coisas materiais, acima inclusive do próprio ser humano. A perpetuação da espécie também fica em segundo plano. Assim formou-se a base ideológica para o ambientalismo, feminismo, controle populacional e ideologia de gêneros;

(3ª etapa) Ambientalismo: redução do ser humano à mero câncer do planeta superlotado, atribuído-lhe a responsabilidade por qualquer desastre natural. Assim formou-se a base ideológica para o controle populacional e ideologia de gêneros;

(4ª etapa) Feminismo: enfraquecimento do ser humano por meio da sua divisão em duas categorias: macho e fêmea, os quais são inimigos e não cooperadores. A ideia de igualdade de gêneros é tão antagônica que beira ao conflito cognitivo³: Eles querem separar para dizer que são iguais... Ora, como não pode haver diferenças entre os gêneros se eles são fisicamente e mentalmente diferentes? Nesse diapasão, mesmo não sendo os estados nacionais os arquitetos da escravidão democrática e sim meros fantoches dos globalistas satanistas, o voto feminino foi fundamental para aprovação de leis misândricas com o fito de acelerar a destruição da base familiar do escravo da cara inchada. Importante mencionar que a base familiar dos globalistas satanistas continua sendo patriarcal. Assim formou-se a base ideológica para o controle populacional e ideologia de gêneros;

(5ª etapa) Controle Populacional: “Crescei e multiplicai-vos” é o caralho, Deus não sabe de nada (Iluminismo), o que importa é o dinheiro e filho é caro (Materialismo), para que colocar mais um ser humano nesse planeta doente e superlotado (Ambientalismo), além disso o sexo oposto é meu inimigo (Feminismo). Essa é base ideológica que antecede a ideologia de Controle Populacional, ainda reforçada pela apologia à castração, já que em todas as mídias produzidas com patrocínio oculto de capital globalista satanista tentam normalizar a castração do homem (perda da capacidade de reprodução) desde em desenhos infantis até grandes produções cinematográficas, ora em tom de humor ora em tom de tortura. Assim os escravos da cara inchada do sexo masculino perderam sua identidade, essência e desejo de ser o que são, formando-se a base ideológica para o homossexualismo, ou seja, para a ideologia de gêneros.

(6ª etapa) Ideologia de Gêneros: É a cereja do bolo para os planos do Diabo (Anjo invejoso de Deus que quer destruir a maior criação: nós). Enquanto os globalistas satanistas, dentro de sua sábia ignorância, acreditam estarem chefiando a democratização da escravidão, na verdade também não passam de meros fantoches do Anjo Caído. Com a sexta e última etapa de mentiras para extinção da humanidade (#apocalipse) posta em prática através da Ideologia de Gêneros, fecha-se o ciclo vicioso de mentiras que se auto justificam: Se #Deus não presta, o que vale são os bens materiais, o ser humano é um câncer no planeta, o sexo oposto é inimigo e ter filhos é uma péssima ideia e ser homem másculo é crime, então ser #homossexual é a melhor opção, inclusive vamos castrar os meninos antes da puberdade sem o consentimento dos pais ou mães solo. Aqui também há uma grande bifurcação do círculo vicioso de mentiras, qual seja o gritante conflito cognitivo³: Se todos os homens deixarem de ser másculos, quem vai comer os #gays afeminados? Ou se todas as mulheres deixarem de ser femininas, quem as #sapatonas irão comer? E o pior, se todos passem a ser homossexuais quem vai perpetuar a espécie? Seremos extintos no lapso temporal de apenas uma geração, pois a fraudulenta medicina moderna jamais terá a capacidade de gerar bebês de chocadeira à tempo.

É interessante enxergar que mesmo os Globalistas Satanistas, dentro de sua sábia ignorância, acreditando estarem democratizando a escravidão em benefício próprio, na verdade apenas estão fomentando o apocalipse, ou seja sua própria extinção. Também não terão qualquer lugar especial no inferno, sinônimo de mal é mentira. Portanto os #GlobalistaSatanistas são meros fantoches do #Diabo enganador, tão submissos quanto o Escravo da Cara Inchada…

Interessante também enxergar que o livre arbítrio é uma condição obrigatória para independência da criação (anjo e ser humano). Todos somos livres para escolher entre o bem e o mal, se iremos ser escravos de #Deus ou escravos do Diabo. Se assim não fosse, inexistiria criação pois seríamos mera extensão da consciência do #Criador, em outras palavras: para que exista uma criação, essa deve ter a capacidade de decisão de forma independente, o chamado livre arbítrio.

Com base nisso, temos que não cabe à nos fazer qualquer revolução, tudo está normal, a luta entre o bem e o mal sempre irá existir pois um não existe sem o outro. Nos cabe apenas escolher o lado. Nesse contexto, tenho a seguinte mensagem destinada à você para encerrar o presente Textículo Anarco-Capitalista-Cristão:

------ > Se você for um ANARCO-CAPITALISTA-CRISTÃO passe esta palavra à diante para que a verdade atinja o maior número de ignorantes inconscientes possível;

------ > Se você for um GLOBALISTA SATANISTA, vai viver sua vida, desfrutar da própria fortuna e pare de ser fantoche o Diabo, mentiram para você: não terá qualquer lugar especial quando morrer;

------ > Se você for um ESCRAVO DA CARA INCHADA e não entendeu o que eu disse, por favor me pergunte ou debata comigo, terei o prazer em lhe ajudar a enxergar a verdade. Pare de trabalhar por dinheiro fiduciário, passe a aceitar #Monero e #Bitcoin em troca do seu trabalho, pois isso é o único jeito de sermos financeiramente livres, se tiver alguma dúvida sobre #criptomoedas me pergunte e terei o prazer e ensinar. Se ainda assim você se recusa a enxergar a verdade exposta aqui, por favor aceite #Monero e #Bitcoin quando for dar o seu cú. Ou melhor, cometa suicídio, já que você é um câncer no planeta, salve a natureza.

(Davi Pinheiro)

¹ - https://davipinheiro.com/teoria-da-conspiracao-o-fluor-na-agua-e-usado-para-controlar-mentes-revista-super-interessante-editora-abril/

² - https://davipinheiro.com/qual-o-sentido-da-vida/

³ - https://davipinheiro.com/entendendo-as-referencias-cruzadas-do-pensamento/

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@ a849beb6:b327e6d2

\ \ It was another historic week for both bitcoin and the Ten31 portfolio, as the world’s oldest, largest, most battle-tested cryptocurrency climbed to new all-time highs each day to close out the week just shy of the $100,000 mark. Along the way, bitcoin continued to accumulate institutional and regulatory wins, including the much-anticipated approval and launch of spot bitcoin ETF options and the appointment of several additional pro-bitcoin Presidential cabinet officials. The timing for this momentum was poetic, as this week marked the second anniversary of the pico-bottom of the 2022 bear market, a level that bitcoin has now hurdled to the tune of more than 6x despite the litany of bitcoin obituaries published at the time. The entirety of 2024 and especially the past month have further cemented our view that bitcoin is rapidly gaining a sense of legitimacy among institutions, fiduciaries, and governments, and we remain optimistic that this trend is set to accelerate even more into 2025.

Several Ten31 portfolio companies made exciting announcements this week that should serve to further entrench bitcoin’s institutional adoption. AnchorWatch, a first of its kind bitcoin insurance provider offering 1:1 coverage with its innovative use of bitcoin’s native properties, announced it has been designated a Lloyd’s of London Coverholder, giving the company unique, blue-chip status as it begins to write bitcoin insurance policies of up to $100 million per policy starting next month. Meanwhile, Battery Finance Founder and CEO Andrew Hohns appeared on CNBC to delve into the launch of Battery’s pioneering private credit strategy which fuses bitcoin and conventional tangible assets in a dual-collateralized structure that offers a compelling risk/return profile to both lenders and borrowers. Both companies are clearing a path for substantially greater bitcoin adoption in massive, untapped pools of capital, and Ten31 is proud to have served as lead investor for AnchorWatch’s Seed round and as exclusive capital partner for Battery.

As the world’s largest investor focused entirely on bitcoin, Ten31 has deployed nearly $150 million across two funds into more than 30 of the most promising and innovative companies in the ecosystem like AnchorWatch and Battery, and we expect 2025 to be the best year yet for both bitcoin and our portfolio. Ten31 will hold a first close for its third fund at the end of this year, and investors in that close will benefit from attractive incentives and a strong initial portfolio. Visit ten31.vc/funds to learn more and get in touch to discuss participating.\ \ Portfolio Company Spotlight 

Primal is a first of its kind application for the Nostr protocol that combines a client, caching service, analytics tools, and more to address several unmet needs in the nascent Nostr ecosystem. Through the combination of its sleek client application and its caching service (built on a completely open source stack), Primal seeks to offer an end-user experience as smooth and easy as that of legacy social media platforms like Twitter and eventually many other applications, unlocking the vast potential of Nostr for the next billion people. Primal also offers an integrated wallet (powered by Strike BLACK) that substantially reduces onboarding and UX frictions for both Nostr and the lightning network while highlighting bitcoin’s unique power as internet-native, open-source money. 

Selected Portfolio News

AnchorWatch announced it has achieved Llody’s Coverholder status, allowing the company to provide unique 1:1 bitcoin insurance offerings starting in December.\ \ Battery Finance Founder and CEO Andrew Hohns appeared on CNBC to delve into the company’s unique bitcoin-backed private credit strategy.

Primal launched version 2.0, a landmark update that adds a feed marketplace, robust advanced search capabilities, premium-tier offerings, and many more new features.

Debifi launched its new iOS app for Apple users seeking non-custodial bitcoin-collateralized loans.

Media

Strike Founder and CEO Jack Mallers joined Bloomberg TV to discuss the strong volumes the company has seen over the past year and the potential for a US bitcoin strategic reserve. 

Primal Founder and CEO Miljan Braticevic joined The Bitcoin Podcast to discuss the rollout of Primal 2.0 and the future of Nostr. 

Ten31 Managing Partner Marty Bent appeared on BlazeTV to discuss recent changes in the regulatory environment for bitcoin. 

Zaprite published a customer testimonial video highlighting the popularity of its offerings across the bitcoin ecosystem. 

Market Updates

Continuing its recent momentum, bitcoin reached another new all-time high this week, clocking in just below $100,000 on Friday. Bitcoin has now reached a market cap of nearly $2 trillion, putting it within 3% of the market caps of Amazon and Google. 

After receiving SEC and CFTC approval over the past month, long-awaited options on spot bitcoin ETFs were fully approved and launched this week. These options should help further expand bitcoin’s institutional liquidity profile, with potentially significant implications for price action over time.

The new derivatives showed strong performance out of the gate, with volumes on options for BlackRock’s IBIT reaching nearly $2 billion on just the first day of trading despite surprisingly tight position limits for the vehicles. 

Meanwhile, the underlying spot bitcoin ETF complex had yet another banner week, pulling in $3.4 billion in net inflows. 

New reports suggested President-elect Donald Trump’s social media company is in advanced talks to acquire crypto trading platform Bakkt, potentially the latest indication of the incoming administration’s stance toward the broader “crypto” ecosystem. 

On the macro front, US housing starts declined M/M again in October on persistently high mortgage rates and weather impacts. The metric remains well below pre-COVID levels. 

Pockets of the US commercial real estate market remain challenged, as the CEO of large Florida developer Related indicated that developers need further rate cuts “badly” to maintain project viability. 

US Manufacturing PMI increased slightly M/M, but has now been in contraction territory (<50) for well over two years.

The latest iteration of the University of Michigan’s popular consumer sentiment survey ticked up following this month’s election results, though so did five-year inflation expectations, which now sit comfortably north of 3%. 

Regulatory Update

After weeks of speculation, the incoming Trump administration appointed hedge fund manager Scott Bessent to head up the US Treasury. Like many of Trump’s cabinet selections so far, Bessent has been a public advocate for bitcoin. 

Trump also appointed Cantor Fitzgerald CEO Howard Lutnick – another outspoken bitcoin bull – as Secretary of the Commerce Department. 

Meanwhile, the Trump team is reportedly considering creating a new “crypto czar” role to sit within the administration. While it’s unclear at this point what that role would entail, one report indicated that the administration’s broader “crypto council” is expected to move forward with plans for a strategic bitcoin reserve.

Various government lawyers suggested this week that the Trump administration is likely to be less aggressive in seeking adversarial enforcement actions against bitcoin and “crypto” in general, as regulatory bodies appear poised to shift resources and focus elsewhere. 

Other updates from the regulatory apparatus were also directionally positive for bitcoin, most notably FDIC Chairman Martin Gruenberg’s confirmation that he plans to resign from his post at the end of President Biden’s term. 

Many critics have alleged Gruenberg was an architect of “Operation Chokepoint 2.0,” which has created banking headwinds for bitcoin companies over the past several years, so a change of leadership at the department is likely yet another positive for the space.

SEC Chairman Gary Gensler also officially announced he plans to resign at the start of the new administration. Gensler has been the target of much ire from the broader “crypto” space, though we expect many projects outside bitcoin may continue to struggle with questions around the Howey Test.

Overseas, a Chinese court ruled that it is not illegal for individuals to hold cryptocurrency, even though the country is still ostensibly enforcing a ban on crypto transactions. 

Noteworthy

The incoming CEO of Charles Schwab – which administers over $9 trillion in client assets – suggested the platform is preparing to “get into” spot bitcoin offerings and that he “feels silly” for having waited this long. As this attitude becomes more common among traditional finance players, we continue to believe that the number of acquirers coming to market for bitcoin infrastructure capabilities will far outstrip the number of available high quality assets. 

BlackRock’s 2025 Thematic Outlook notes a “renewed sense of optimism” on bitcoin among the asset manager’s client base due to macro tailwinds and the improving regulatory environment. Elsewhere, BlackRock’s head of digital assets indicated the firm does not view bitcoin as a “risk-on” asset. 

MicroStrategy, which was a sub-$1 billion market cap company less than five years ago, briefly breached a $100 billion equity value this week as it continues to aggressively acquire bitcoin. The company now holds nearly 350,000 bitcoin on its balance sheet. 

Notably, Allianz SE, Germany’s largest insurer, spoke for 25% of MicroStrategy’s latest $3 billion convertible note offering this week, suggesting growing appetite for bitcoin proxy exposure among more restricted pools of capital. 

The ongoing meltdown of fintech middleware provider Synapse has left tens of thousands of customers with nearly 100% deposit haircuts as hundreds of millions in funds remain missing, the latest unfortunate case study in the fragility of much of the US’s legacy banking stack. 

Travel

• BitcoinMENA, Dec 9-10

• Nashville BitDevs, Dec 10

• Austin BitDevs, Dec 19

• Nashville Energy and Mining Summit, Jan 30

@ 31a4605e:cf043959

O Bitcoin foi criado como algo muito além de uma moeda digital; ele é uma ideia inovadora que questiona os fundamentos do sistema financeiro convencional. A ideia por trás de sua criação, apresentada pelo enigmático Satoshi Nakamoto, se concentra em dois princípios principais: descentralização e liberdade financeira. Essas noções refletem um esforço para devolver o controle do dinheiro às pessoas, eliminando intermediários e diminuindo a influência de governos e grandes instituições financeiras.

A descentralização é a base do Bitcoin. Diferente das moedas comuns, que são emitidas e geridas por bancos centrais e governos, o Bitcoin funciona em uma rede peer-to-peer. Isso quer dizer que não existe uma autoridade central ou entidade única que controla a moeda. Ao invés disso, todas as transações são validadas e registradas em um livro-razão público chamado blockchain ou timechain, mantido por milhares de computadores em várias partes do mundo.

Essa estrutura descentralizada garante que o Bitcoin seja resistente à censura e imune a manipulações de políticas monetárias, como a impressão excessiva de dinheiro, que pode causar inflação. Além disso, ela elimina a necessidade de intermediários, como bancos, permitindo transações diretas entre usuários. Isso é especialmente valioso em cenários onde o sistema bancário tradicional é inacessível ou composto, como em áreas remotas ou países em crise econômica.

A liberdade financeira promovida pelo Bitcoin é outro elemento transformador. Em sistemas tradicionais, os indivíduos dependem de terceiros, como bancos ou instituições financeiras, para acessar, guardar e transferir dinheiro. Essas entidades podem impor restrições, como limites de saque, altas taxas de transferência ou até mesmo bloquear contas. Com o Bitcoin, o usuário possui controle total sobre seus fundos através de chaves privadas (uma espécie de senha que possibilita o acesso à sua carteira digital).

Além disso, o Bitcoin oferece uma solução acessível para bilhões de pessoas no mundo que estão fora do sistema bancário. Segundo dados do Banco Mundial, cerca de 1,4 bilhão de adultos não têm acesso a contas bancárias, mas muitos têm acesso à internet ou a smartphones. O Bitcoin permite que essas pessoas participem da economia global sem a necessidade de instituições intermediárias.

Outro ponto importante é a resistência à censura. Em regimes autoritários ou situações de instabilidade política, governos podem confiscar ou bloquear os bens dos cidadãos. O Bitcoin, por ser descentralizado e operar em uma rede global, não pode ser controlado ou confiscado de maneira arbitrária, oferecendo uma camada extra de proteção financeira para indivíduos em situações de risco.

A visão do Bitcoin também abrange a formação de um sistema financeiro mais justo e transparente. O blockchain ou timechain, ao registrar todas as transações de modo público e imutável, diminui a chance de fraudes e corrupção. Além disso, a quantidade limitada de 21 milhões de bitcoins, programada no código da moeda, favorece um modelo deflacionário que contrasta com a expansão ilimitada de moedas fiduciárias. Isso confere ao Bitcoin a capacidade de ser uma reserva de valor estável no longo prazo.

Apesar de sua visão promissora, o caminho para alcançar completamente essa liberdade financeira não é livre de desafios. A volatilidade do preço do Bitcoin, preocupações regulatórias e barreiras tecnológicas ainda são obstáculos a serem superados. No entanto, essas dificuldades também criam oportunidades para inovação e para o fortalecimento do ecossistema ao longo do tempo.

Resumindo, a visão por trás do Bitcoin representa uma interrupção do sistema financeiro centralizado, oferecendo às pessoas mais autonomia, transparência e segurança sobre seus recursos financeiros. Ele não é apenas uma tecnologia, mas um movimento que busca empoderar os indivíduos, especialmente aqueles excluídos ou prejudicados pelos modelos econômicos tradicionais. Ao promover descentralização e liberdade financeira, o Bitcoin abre caminho para um futuro onde o dinheiro realmente pertence às pessoas, e não às instituições.

Muito obrigado por teres lido o texto até aqui, espero que esteja tudo bem contigo e um abraço enorme do teu madeirense bitcoiner maximalista favorito. Viva a liberdade!

@ b04082ac:29b5c55b

Money has always been more than a medium of exchange. It reflects what societies value, how they organize trust, and what they choose to remember. This article explores the idea that money functions as a form of collective memory, and how Bitcoin may be restoring this role in a new way.

The Asante Example

In the Asante Empire, which flourished in West Africa during the 18th and 19th centuries, gold dust served as the primary medium of exchange. To measure it, traders used ornate spoons made of brass. These spoons were often carved with birds, animals, or abstract symbols. They were not currency themselves, but tools used to handle gold dust accurately.

Importantly, these spoons also carried meaning. Symbols and proverbs embedded in the spoons conveyed lessons about honesty, community, and continuity. For example, the Sankofa bird, shown turning its head backward to retrieve an egg from its back, represented the proverb, “It is not wrong to go back for that which you have forgotten.” This was a reminder to learn from the past.

The spoons reflect an understanding that money and its instruments are not just practical tools. They are cultural artifacts that store shared values. In the Asante context, even measurement was ritualized and tied to ethics and memory.

Money as a Cultural Medium

This connection between money and cultural meaning is not unique to the Asante Empire. Modern fiat currencies also carry symbols, phrases, and designs that reflect national identity and political values.

The U.S. dollar includes Latin phrases and national symbols meant to convey stability and purpose. The British pound features royal iconography, reinforcing the idea of continuity and sovereignty. When the euro was introduced, it deliberately avoided specific national references. Itsdesign used bridges and windowsto suggest openness and cooperation across the continent.

These design choices show that societies still embed meaning into their money. Even in a digital or fiat context, money is used to transmit a story about who we are, where authority lies, and what we value.

The Fragility of Fiat Memory

While fiat money carries cultural symbols, the narratives behind those symbols can be fragile.

In 2021, the central bank of the Philippines removed democratic leaders from its banknotes,triggering public criticism. In the United States, attempts to replace Andrew Jackson with Harriet Tubman on the $20 billfaced repeated delays. These examples show how political control over money includes control over what stories are told and remembered.

Unlike objects passed down through generations, fiat memory can be edited or erased. In this sense, it is vulnerable. The meaning encoded in fiat systems can shift depending on who holds power.

Bitcoin as a New Form of Memory

Bitcoin is described as digital money. But it also introduces a different model of how societies can record value and preserve meaning.

The Bitcoin network launched in 2009 with a small message embedded in its first block: “Chancellor on brink of second bailout for banks.” This was a reference to a newspaper headline that day and a clear sign of protest against financial bailouts, centralized monetary policy, and forever wars.

This moment marked the beginning of a system where memory is stored differently. Instead of relying on governments or institutions, Bitcoin stores its history on a public ledger maintained by a decentralized network of participants. Its memory is not symbolic or political; it is structural. Every transaction, every block, is preserved through time-stamped computation and consensus.

No single authority can change it. The rules are clear and publicly auditable. In this way, Bitcoin offers a version of money where memory is both neutral and resilient.

Cultural Expression and Community Values

Even though Bitcoin lacks the traditional symbols found on banknotes, it has developed its own culture. Phrases like “Don’t trust, verify” or “Stay humble, stack sats” are shared widely in the Bitcoin community. These ideas reflect a focus on self-responsibility, verification, and long-term thinking.

These proverbs can be compared to the carved messages on the Asante spoons. While the contexts are very different, the underlying idea is similar: a community using language and symbols to reinforce its shared values.

Bitcoin also has a well established and growing art scene. Bitcoin conferences often feature dedicated sections for art inspired by the protocol and its culture. Statues of Satoshi Nakamoto have been installed in cities like Budapest, Lugano, and Fornelli. These physical works reflect the desire to link Bitcoin’s abstract values to something tangible.

Looking Back to Look Forward

The Asante example helps us see that money has long been tied to memory and meaning. Their spoons were practical tools but also cultural anchors. Bitcoin, while new and digital, may be playing a similar role.

Instead of relying on political symbols or national myths, Bitcoin uses code, transparency, and global consensus to create trust. In doing so, it offers a way to preserve economic memory that does not depend on power or politics.

It’s still early to know what kind of legacy Bitcoin will leave. But if it succeeds, it may not just change how money works. It may also change how civilizations remember.

@ 31a4605e:cf043959

Bitcoin é a primeira moeda digital descentralizada do mundo, criada em 2009 por um indivíduo ou grupo sob o pseudônimo de Satoshi Nakamoto. O seu nascimento marcou o início de uma revolução no sistema financeiro global, introduzindo um novo tipo de moeda que não é controlada pelos governos ou instituições financeiras tradicionais. A história do Bitcoin está profundamente enraizada nos ideais de liberdade económica, transparência e resistência à censura.

A jornada começou em outubro de 2008, quando Satoshi Nakamoto publicou um artigo intitulado “Bitcoin: A Peer-to-Peer Electronic Cash System”. O white paper, publicado na mailing list Cryptozoology, descreve a ideia de um sistema de pagamento digital baseado em uma rede peer-to-peer. Esse conceito elimina a necessidade de intermediários como bancos e resolve um problema conhecido como “gasto duplo” – possibilidade de replicação de moedas digitais – por meio de uma tecnologia chamada blockchain ou aquilo que o próprio Satoshi Nakamoto chamava de timechain.

O blockchain ou timechain é basicamente um livro-razão público e imutável que registra todas as transações do Bitcoin. Opera através de um sistema descentralizado, onde os participantes da rede (os chamados nós ou famosos nodes) verificam as transações e as organizam em blocos. Esses blocos são conectados por sua vez em uma cadeia contínua, formando a base para a segurança e transparência do sistema.

No dia 3 de janeiro de 2009, Satoshi Nakamoto extraiu o primeiro bloco do Bitcoin, conhecido como bloco gênese. O bloco continha uma mensagem codificada referenciando a crise financeira global de 2008: "The Times, 3 de janeiro de 2009, Chanceler à beira do segundo resgate bancário". Esta mensagem é emblemática da motivação por trás do Bitcoin: fornecer uma alternativa ao sistema financeiro centralizado que não conseguiu proteger a economia global.

Ao longo de 2009 e 2010, o Bitcoin permaneceu como um experimento entre os entusiastas da tecnologia e das criptomoedas. As primeiras transações de Bitcoin ocorreram entre participantes da rede, e o primeiro uso comercial da moeda ocorreu em 22 de maio de 2010, quando um programador chamado Laszlo Hanyecz comprou duas pizzas por 10 mil Bitcoins. Esta transação histórica foi apelidada de “Bitcoin Pizza Day”.

Satoshi Nakamoto continuou a contribuir para o desenvolvimento do Bitcoin até o final de 2010, quando desapareceu gradualmente da comunidade. Até hoje, sua identidade permanece um mistério e não há evidências concretas de quem ou quantas pessoas estavam por trás do pseudônimo. Antes de sair, Satoshi Nakamoto entregou o controle do projeto a outros desenvolvedores e deixou claro que o Bitcoin deveria ser uma tecnologia descentralizada, de propriedade de todos e controlada por ninguém.

Desde então, o Bitcoin cresceu exponencialmente. Cresceu de um experimento tecnológico para um ativo multibilionário e é amplamente considerada a forma legítima de moeda digital e reserva de valor. Governos, empresas e indivíduos em todo o mundo adotaram o Bitcoin como alternativa às moedas fiat tradicionais.

Resumindo, a criação do Bitcoin por Satoshi Nakamoto foi mais do que apenas o nascimento de uma moeda digital; Este foi o início de um movimento global para repensar a forma como o dinheiro é controlado e distribuído. Embora a identidade de Satoshi Nakamoto permaneça desconhecida, o seu legado continuará a moldar o futuro do sistema financeiro e a desafiar as estruturas económicas tradicionais.

Muito obrigado por teres lido o texto até aqui, espero que esteja tudo bem contigo e um abraço enorme do teu madeirense bitcoiner maximalista favorito. Viva a liberdade!

@ d61f3bc5:0da6ef4a

What happens when you integrate a Nostr client with a bitcoin lightning wallet? They both get massively better! Social interactions benefit from seamless micropayments, while the wallet is able to tap into the massive address book represented by the Nostr social graph. This makes it possible to interact with people around the world in totally new ways. For example, Markus from Germany can zap a note posted by Isabella in Costa Rica, who can then buy a coffee with those sats, all from the same app.

At Primal, our goal is to deliver products that have mass appeal; products that can be easily used by anyone. Our latest iOS release represents our best take on how to build on open protocols and balance the tradeoffs between user sovereignty, user experience and ease of use. We believe that Nostr and Bitcoin will grow to billions of users, and we are building the technology that will help onboard and delight everyone.

Nostr Onboarding

Our goal is to achieve the highest level of user experience on a decentralized network, without sacrificing user sovereignty over their account, connections, and content. Therefore the onboarding process needs to be smooth and resemble what users are used to on legacy platforms, while providing access to their Nostr keys:

The user is able to sign up and start using Nostr quickly and without friction. Their key is available in the Account Settings, providing complete control over their Nostr account. In addition, the user can specify the set of Nostr relays they wish to publish to. The Primal iOS app signs all content with the user’s key and publishes it directly to the specified set of relays. This achieves full user control over their Nostr account, social connections, and the content they publish.

Performance & UX

In order to compete with the centralized legacy platforms, we must match and exceed their level of user experience. Interfaces must load quickly and completely, otherwise people will lose interest and Nostr will see a high degree of user churn. With this in mind, we built the Nostr caching service, and open sourced it so that other Nostr developers can leverage it as well. This enables us to provide the types of user experiences that are expected by most people today:

For details about our caching approach please refer to my Nostrasia presentation.

Primal Wallet

We are psyched to introduce Primal Wallet, an insanely easy-to-use transactional wallet, ideal for holding small amounts of bitcoin and making payments on the lightning network.

Strike is providing custody, fiat conversions, and lightning network connectivity to Primal users. By integrating with Strike, we are able to provide uninterrupted service to U.S. and international customers.

Smooth onboarding and wallet operation are essential for our use case. Given that we are dealing with very small amounts, we decided to take the custodial approach. This sacrifices direct user custody over the funds, but makes the overall UX seamless and reliable. New users are able to send and receive sats as soon as they download the app.

Here are a few additional points to keep in mind:

1. \In-App Purchases\: Once the wallet is activated, it is fully-operational and able to receive sats. If the user doesn’t own any sats, they are able to buy small amounts via an in-app purchase, in $5 increments. Note that these purchases are subject to “Apple tax” (15% in U.S. and Canada, 30% elsewhere, for customers with iOS devices), plus 1% Strike margin. Primal does not make any revenue on these purchases. Users can always buy sats through a different method and send them to their Primal Wallet. The in-app purchase is merely a convenient way for new users to get started with small amounts.

2. \Maximum Wallet Balance\: Primal Wallet is designed for holding and transacting with small amounts of bitcoin. Larger amounts should be kept in self custody, preferably on a hardware wallet. To encourage self custody for larger amounts, we are enforcing a maximum wallet balance of 1,000,000 sats (approximately USD $400 at the time of this writing).

We believe that Primal Wallet offers the best tradeoff balance for our use case, including social media zaps, and small purchases: coffee, beer, lunch, etc. We are planning to expand the feature set of the wallet in the upcoming releases, based on the feedback from our users.

Open Networks Win

Nostr is an open network, not controlled by any person, company, nor organization. Anyone can join without asking for permission, and any developer is free to build on it. In a short amount of time, hundreds of projects have sprouted building on Nostr, including: Damus, Amethyst, Snort, Highlighter, Alby, Nos, Mutiny, Coracle, ZBD, Fountain, Habla.news, Plebstr, Spring, Iris, Nostrgram, Current, Blogstack, Zap.stream, Listr, Nostr.band, Nostr.build, Flycat, Nosta.me, NoStrudel, Nostur, Nostore, Zaplife, Wavlake, and many more.

Your Nostr keys work with Primal, as well as every other app in the Nostr ecosystem. You can seamlessly use your Nostr identity in social media apps, blog/news sites, marketplaces, etc. Every Nostr product brings more users and more gravity to the entire network. This is why we believe that Nostr will eventually connect everybody.

If you are not satisfied with the status quo dictated by the legacy media complex, if you think that the global town square should not be owned by anyone, if you feel that people should be in control over their online identity, social connections, and the content they publish - you do have a choice. Join us on Nostr. 🤙💜

@ 86d4591f:a987c633

Libertarianism presents itself as the philosophical champion of liberty. Its premise is seductively simple: minimize state interference, maximize individual freedom. Property rights become sacrosanct, markets are held as the purest expression of voluntary exchange, and the role of governance is reduced to little more than a referee.

But the reality of liberty is far less accommodating to such minimalism.

The trouble lies not in the desire for freedom, but in the shallow map libertarianism draws of the terrain. Its cartography focuses obsessively on the boundaries—where the state ends and the individual begins—while neglecting the hidden infrastructures beneath. This blind spot renders it ill-equipped to grapple with the actual systems that govern human freedom in practice.

Liberty is Not Found in the Margins

Liberty is often framed as a negative space: freedom from coercion, interference, or centralized control. Yet this definition presumes a level playing field, where the absence of external force guarantees the flourishing of personal agency.

But what if the constraints on liberty are not imposed overtly, but arise from the very systems we navigate daily?

Consider money—not as coin or token, but as a networked system of credit, collateral, and trust. When these systems are opaque, governed by unaccountable intermediaries, or prone to systemic dysfunction, the freedom to transact becomes illusory. One may own property, but ownership is hollow if liquidity dries up, credit evaporates, or markets seize beneath unseen fractures.

Libertarian frameworks often ignore these subterranean forces. They champion free markets while remaining blind to the fact that markets themselves rest on infrastructural scaffolding—often beyond democratic oversight or public comprehension.

The Primacy of Systems, Not Slogans

Freedom is not merely a function of rights. It is an emergent property of robust, transparent, and well-aligned systems. These systems—monetary, informational, technological—shape the conditions under which liberty can be exercised.

When protocols are fragile, intermediaries unaccountable, or information flows asymmetrical, individuals are subject to manipulation, exclusion, and systemic coercion—even in the absence of overt state interference.

In such an environment, slogans about personal responsibility and market freedom ring hollow. Liberty does not thrive in vacuum-sealed ideology. It requires deliberate, often complex, systems design that prioritizes neutrality, resilience, and verifiability.

The architecture of freedom must be engineered, not merely declared.

The Hidden Terrain of Power

One of the most persistent illusions is that power resides solely in visible institutions: governments, central banks, regulatory bodies. Yet much of the real leverage over individual agency lies in shadow systems—networks of private credit creation, opaque collateral chains, algorithmic information flows, and surveillance architectures.

Liberty falters when these systems operate without transparency or accountability. And herein lies libertarianism’s central failure: an inability to recognize that decentralizing power requires more than deregulating government. It demands the cultivation of systems where trust is minimized by design, not by rhetorical fiat.

This is not an argument for more state control. Rather, it is a call for infrastructural clarity—for systems where the rules are visible, the incentives aligned, and no actor, public or private, holds disproportionate informational or structural advantage.

Liberty as a Systems Condition

To be genuinely pro-liberty is to engage in the difficult, often thankless task of systems cartography. It means mapping not just the borders of state power, but the flows of credit, information, and influence that shape real-world freedom.

Liberty is not a given. It is not protected by slogans, nor guaranteed by ownership in a vacuum. It is a condition that must be continually cultivated through the architecture of systems that underpin social, economic, and informational life.

Libertarianism’s map, while well-intentioned, is incomplete. It charts the edges while ignoring the plumbing beneath.

@ 31a4605e:cf043959

Bitcoin é uma moeda digital descentralizada criada em 2009 por um indivíduo ou grupo sob o pseudônimo de Satoshi Nakamoto. Ao contrário das moedas tradicionais emitidas pelo governo, como o dólar americano ou o euro, o Bitcoin não é controlado por nenhuma autoridade central, como um banco central ou uma instituição financeira. Esta característica inovadora tornou-o foco do debate económico, tecnológico e até mesmo social nos últimos anos.

O Bitcoin funciona com uma tecnologia chamada blockchain (que atualmente a comunidade Bitcoin prefere chamá-la de timechain), é essencialmente um livro digital distribuído. O blockchain ou timechain registra todas as transações feitas na rede Bitcoin de forma aberta e transparente. Cada bloco contém um conjunto de transações que são adicionadas de forma imutável à cadeia, assim que são verificadas pelos mineradores (mineradores são basicamente participantes da rede que usam seu poder computacional para verificar essas mesmas transações). Isto garante a segurança e evita fraudes, uma vez que nenhuma pessoa ou entidade pode alterar retroativamente os registos.

Uma das melhores características ​​do Bitcoin é a sua oferta limitada. Apenas podem ser criados 21 milhões de Bitcoins, o que por este mesmo motivo o Bitcoin apresenta um carácter deflacionário, ao contrário da moeda fiduciária, que os bancos centrais podem imprimir em quantidades ilimitadas. Este limite fixo, combinado com o crescente interesse global pela tecnologia em geral e pela privacidade de modo individual impulsiona a valorização do Bitcoin ao passar do tempo.

Outra característica do Bitcoin é que ele permite transações diretas entre pessoas, eliminando intermediários. Isto é particularmente útil em cenários como transferências internacionais, onde o Bitcoin pode ser utilizado para enviar dinheiro rapidamente e com taxas reduzidas, sem ter que passar por um banco ou serviços financeiros tradicionais no geral. Além disso, é visto como uma forma de liberdade financeira em países com moedas locais instáveis (quase sempre efeito dos bancos centrais imprimem dinheiro de forma completamente descontolada) ​​ou controlos rígidos estatais sobre o capital.

Porém, o Bitcoin não está imune a críticas que tendem sempre a ser críticas vazias que mascaram os interesses pessoais de quem as faz, seja porque trabalham em bancos ou corretoras tradicionais e têm medo de perder o “poder” ou até mesmo o emprego ou então porque têm más intenções e querem vender as suas criptomoedas que no fundo são todas inúteis (as famosas shitcoins). As oscilações de preço do Bitcoin também podem significar riscos enormes para usuários que são no fundo iniciantes, compram por determinado preço e acabam por vender quando o valor caiu pela metade (perdendo pelo menos metade do seu dinheiro). Por outro lado, muitos especialistas consideram o Bitcoin um marco tecnológico e social que desafia os modelos económicos existentes.

Resumindo, o Bitcoin é muito mais do que uma “crypto“ ou “criptomoeda“. Representa uma revolução ou revisão na forma como a maioria dos seres humanos pensam sobre o dinheiro, proporcionando uma alternativa descentralizada, transparente e resistente ao roubo ou atê mesmo à censura. Embora ainda enfrente alguns desafios para ser amplamente aceite por alguns cépticos e por alguns governos preocupados com a perda de controlo das “suas” próprias populações (como mencionado anteriormente), o seu impacto tem sido inegável, abrindo caminho para uma nova era na economia global e abrindo a mente de muitas pessoas para a reflexão.

Muito obrigado por teres lido o texto até aqui, espero que esteja tudo bem contigo e um abraço enorme do teu madeirense bitcoiner maximalista favorito. Viva a liberdade!

@ 472f440f:5669301e

All eyes are, unsurprisingly, on the US Presidential election. Tomorrow is the big day. I don't want to come off as preachy, however it is pretty clear to me that if you are an American citizen who cares about bitcoin and would like to live under an administration that is eager to embrace the industry as opposed to an administration that is actively hostile toward bitcoin there is only one candidate who deserves your vote; Donald J. Trump. I think he's a better candidate for other reasons, but if you've read this rag for long enough you probably already know what those are. Instead of writing a screed about why I am voting for Trump, let's highlight some things outside of the election that you should be paying attention to this week.

First up, there are two Treasury auctions; $42B of 10-Year notes tomorrow and $25B 30-Year bonds on Wednesday.

It will be interesting to see what the demand for these auctions is and how they affect rates. The long end of the yield curve has been pumping since the Fed's rate cut in the middle of September, which is the market signaling that it does not believe inflation has been appropriately tamed. Yields came down today, but as you can see from the charts things are trending in the wrong direction.

As the Treasury issues new debt at higher rates, the interest expense on that debt, naturally, drifts higher. If the long end of the yield curve doesn't come down aggressively over the course of the next year this is going to be a big problem. There are trillions of dollars worth of Treasury debt that needs the be rolled over in the next few years and it would be advantageous for the Treasury if that debt wasn't being rolled over with yields as high as they are. With the amount of debt the country has accrued in recent decades, every incremental dollar of debt that gets issued and/or rolled over at higher interest rates exacerbates the problem. We are approaching the territory of runaway exponentials, as evidenced by this chart. The growth slope gets steeper and steeper

This debt problem is the elephant in the room that needs to be addressed as quickly as possible. The national debt hit $1.2T in early 1983. It then took 26 years to 10x from $1.2T to $12T in late 2009 and has only taken another 15 years to triple from there to $36T or 30x from the arbitrary base I picked out (Q1 1983).

With this in mind, keep an eye out for these auctions tomorrow and Wednesday, where rates end at the end of trading on Wednesday, and whether or not we officially push over $36T. Regardless of who wins the election tomorrow, this is a problem that needs to be confronted. Whether or not it can be solved at all is up for debate. I don't see how what can be done to reel in this runaway train at this point. However, at the very least, we should acknowledge that we're in the realm of exponentials and have people prepare accordingly by accumulating hard assets that cannot be debased (bitcoin).

The other thing to pay attention to is the FOMC meeting on Wednesday and the announcement of the results of the meeting on Thursday. Will Jerome and the other Fed board members to keep rates where they are, cut, or raise rates? Raising rates seems to be out of the question despite the fact that many believe it would be the most prudent move considering how the long end of the yield curve reacted to the 50bps cut in September. If they decide to cut rates, by how much will they cut them? Will they slow the pace with a 25bps cut or continue at the 50bps clip established in September?

We'll find toward the end of this week. Don't lose sight of these events while the world is enthralled with the elections in the US.

I don't know about you freaks, but I couldn't feel more fortunate that bitcoin exists at a time like this. Having access to a distributed peer-to-peer digital cash system with a fixed supply during a time of incredible political divisiveness and out-of-control runaway sovereign debt feels like a Godsend.

Stay sane out there.

Final thought...

We're going to win.

@ d61f3bc5:0da6ef4a

I remember the first gathering of Nostr devs two years ago in Costa Rica. We were all psyched because Nostr appeared to solve the problem of self-sovereign online identity and decentralized publishing. The protocol seemed well-suited for textual content, but it wasn't really designed to handle binary files, like images or video.

The Problem

When I publish a note that contains an image link, the note itself is resilient thanks to Nostr, but if the hosting service disappears or takes my image down, my note will be broken forever. We need a way to publish binary data without relying on a single hosting provider.

We were discussing how there really was no reliable solution to this problem even outside of Nostr. Peer-to-peer attempts like IPFS simply didn't work; they were hopelessly slow and unreliable in practice. Torrents worked for popular files like movies, but couldn't be relied on for general file hosting.

Awesome Blossom

A year later, I attended the Sovereign Engineering demo day in Madeira, organized by Pablo and Gigi. Many projects were presented over a three hour demo session that day, but one really stood out for me.

Introduced by hzrd149 and Stu Bowman, Blossom blew my mind because it showed how we can solve complex problems easily by simply relying on the fact that Nostr exists. Having an open user directory, with the corresponding social graph and web of trust is an incredible building block.

Since we can easily look up any user on Nostr and read their profile metadata, we can just get them to simply tell us where their files are stored. This, combined with hash-based addressing (borrowed from IPFS), is all we need to solve our problem.

How Blossom Works

The Blossom protocol (Blobs Stored Simply on Mediaservers) is formally defined in a series of BUDs (Blossom Upgrade Documents). Yes, Blossom is the most well-branded protocol in the history of protocols. Feel free to refer to the spec for details, but I will provide a high level explanation here.

The main idea behind Blossom can be summarized in three points:

1. Users specify which media server(s) they use via their public Blossom settings published on Nostr;
2. All files are uniquely addressable via hashes;
3. If an app fails to load a file from the original URL, it simply goes to get it from the server(s) specified in the user's Blossom settings.

Just like Nostr itself, the Blossom protocol is dead-simple and it works!

Let's use this image as an example:

If you look at the URL for this image, you will notice that it looks like this:

blossom.primal.net/c1aa63f983a44185d039092912bfb7f33adcf63ed3cae371ebe6905da5f688d0.jpg

All Blossom URLs follow this format:

[server]/[file-hash].[extension]

The file hash is important because it uniquely identifies the file in question. Apps can use it to verify that the file they received is exactly the file they requested. It also gives us the ability to reliably get the same file from a different server.

Nostr users declare which media server(s) they use by publishing their Blossom settings. If I store my files on Server A, and they get removed, I can simply upload them to Server B, update my public Blossom settings, and all Blossom-capable apps will be able to find them at the new location. All my existing notes will continue to display media content without any issues.

Blossom Mirroring

Let's face it, re-uploading files to another server after they got removed from the original server is not the best user experience. Most people wouldn't have the backups of all the files, and/or the desire to do this work.

This is where Blossom's mirroring feature comes handy. In addition to the primary media server, a Blossom user can set one one or more mirror servers. Under this setup, every time a file is uploaded to the primary server the Nostr app issues a mirror request to the primary server, directing it to copy the file to all the specified mirrors. This way there is always a copy of all content on multiple servers and in case the primary becomes unavailable, Blossom-capable apps will automatically start loading from the mirror.

Mirrors are really easy to setup (you can do it in two clicks in Primal) and this arrangement ensures robust media handling without any central points of failure. Note that you can use professional media hosting services side by side with self-hosted backup servers that anyone can run at home.

Using Blossom Within Primal

Blossom is natively integrated into the entire Primal stack and enabled by default. If you are using Primal 2.2 or later, you don't need to do anything to enable Blossom, all your media uploads are blossoming already.

To enhance user privacy, all Primal apps use the "/media" endpoint per BUD-05, which strips all metadata from uploaded files before they are saved and optionally mirrored to other Blossom servers, per user settings. You can use any Blossom server as your primary media server in Primal, as well as setup any number of mirrors:

## Conclusion

For such a simple protocol, Blossom gives us three major benefits:

1. Verifiable authenticity. All Nostr notes are always signed by the note author. With Blossom, the signed note includes a unique hash for each referenced media file, making it impossible to falsify.
2. File hosting redundancy. Having multiple live copies of referenced media files (via Blossom mirroring) greatly increases the resiliency of media content published on Nostr.
3. Censorship resistance. Blossom enables us to seamlessly switch media hosting providers in case of censorship.

Thanks for reading; and enjoy! 🌸

@ d61f3bc5:0da6ef4a

I remember the first gathering of Nostr devs two years ago in Costa Rica. We were all psyched because Nostr appeared to solve the problem of self-sovereign online identity and decentralized publishing. The protocol seemed well-suited for textual content, but it wasn't really designed to handle binary files, like images or video.

The Problem

When I publish a note that contains an image link, the note itself is resilient thanks to Nostr, but if the hosting service disappears or takes my image down, my note will be broken forever. We need a way to publish binary data without relying on a single hosting provider.

We were discussing how there really was no reliable solution to this problem even outside of Nostr. Peer-to-peer attempts like IPFS simply didn't work; they were hopelessly slow and unreliable in practice. Torrents worked for popular files like movies, but couldn't be relied on for general file hosting.

Awesome Blossom

A year later, I attended the Sovereign Engineering demo day in Madeira, organized by Pablo and Gigi. Many projects were presented over a three hour demo session that day, but one really stood out for me.

Introduced by hzrd149 and Stu Bowman, Blossom blew my mind because it showed how we can solve complex problems easily by simply relying on the fact that Nostr exists. Having an open user directory, with the corresponding social graph and web of trust is an incredible building block.

Since we can easily look up any user on Nostr and read their profile metadata, we can just get them to simply tell us where their files are stored. This, combined with hash-based addressing (borrowed from IPFS), is all we need to solve our problem.

How Blossom Works

The Blossom protocol (Blobs Stored Simply on Mediaservers) is formally defined in a series of BUDs (Blossom Upgrade Documents). Yes, Blossom is the most well-branded protocol in the history of protocols. Feel free to refer to the spec for details, but I will provide a high level explanation here.

The main idea behind Blossom can be summarized in three points:

1. Users specify which media server(s) they use via their public Blossom settings published on Nostr;
2. All files are uniquely addressable via hashes;
3. If an app fails to load a file from the original URL, it simply goes to get it from the server(s) specified in the user's Blossom settings.

Just like Nostr itself, the Blossom protocol is dead-simple and it works!

Let's use this image as an example:

If you look at the URL for this image, you will notice that it looks like this:

blossom.primal.net/c1aa63f983a44185d039092912bfb7f33adcf63ed3cae371ebe6905da5f688d0.jpg

All Blossom URLs follow this format:

[server]/[file-hash].[extension]

The file hash is important because it uniquely identifies the file in question. Apps can use it to verify that the file they received is exactly the file they requested. It also gives us the ability to reliably get the same file from a different server.

Nostr users declare which media server(s) they use by publishing their Blossom settings. If I store my files on Server A, and they get removed, I can simply upload them to Server B, update my public Blossom settings, and all Blossom-capable apps will be able to find them at the new location. All my existing notes will continue to display media content without any issues.

Blossom Mirroring

Let's face it, re-uploading files to another server after they got removed from the original server is not the best user experience. Most people wouldn't have the backups of all the files, and/or the desire to do this work.

This is where Blossom's mirroring feature comes handy. In addition to the primary media server, a Blossom user can set one one or more mirror servers. Under this setup, every time a file is uploaded to the primary server the Nostr app issues a mirror request to the primary server, directing it to copy the file to all the specified mirrors. This way there is always a copy of all content on multiple servers and in case the primary becomes unavailable, Blossom-capable apps will automatically start loading from the mirror.

Mirrors are really easy to setup (you can do it in two clicks in Primal) and this arrangement ensures robust media handling without any central points of failure. Note that you can use professional media hosting services side by side with self-hosted backup servers that anyone can run at home.

Using Blossom Within Primal

Blossom is natively integrated into the entire Primal stack and enabled by default. If you are using Primal 2.2 or later, you don't need to do anything to enable Blossom, all your media uploads are blossoming already.

To enhance user privacy, all Primal apps use the "/media" endpoint per BUD-05, which strips all metadata from uploaded files before they are saved and optionally mirrored to other Blossom servers, per user settings. You can use any Blossom server as your primary media server in Primal, as well as setup any number of mirrors:

## Conclusion

For such a simple protocol, Blossom gives us three major benefits:

1. Verifiable authenticity. All Nostr notes are always signed by the note author. With Blossom, the signed note includes a unique hash for each referenced media file, making it impossible to falsify a media file and maliciously ascribe it to the note author.
2. File hosting redundancy. Having multiple live copies of referenced media files (via Blossom mirroring) greatly increases the resiliency of media content published on Nostr.
3. Censorship resistance. Blossom enables us to seamlessly switch media hosting providers in case of censorship.

Thanks for reading; and enjoy! 🌸

@ 374ee93a:36623347

Chef's notes

Lovely tart rhubarb jam with the extra firey kick of fresh root ginger.

Technically a vegetable rhubarb has low pectin content so be sure to include a high pectin fruit such as lemon/cooking apple/redcurrant/gooseberry. It also quite watery so we use a slightly higher fruit to sugar ratio (1.2:1) and evaporate off some water at the beginning.

Testing for setting point: put a saucer in the freezer to chill whilst cooking the fruit, after 5 mins of a high boil with the sugar put a small blob of jam on the cold saucer and return to the freezer for 2 minutes. If the jam forms a solid wrinkle when pushed with a spoon it is ready, if it is runny continue cooking and retest every 5 mins

The recipe can be halved for a small batch but if you have lots of rhubarb to process it is better to cook double batches in separate pans because it will take much longer to heat through, this affects the colour and flavour - the jam will taste warm and mellow rather than zingy

Sterilise glass jars in a 120c oven and pot the jam hot leaving 1/4 inch head space, it will keep for 5 years unopened if the lids are well sealed and does not require water bath canning

Details

• ⏲️ Prep time: 20 mins
• 🍳 Cook time: 30 mins
• 🍽️ Servings: 6 (jars)

Ingredients

• 1.2kg Rhubarb
• 200g Grated Root Ginger
• 100g Chopped Crystalised Ginger
• 1kg Sugar
• 1 Lemon

Directions

1. Chop the rhubarb into 1/2 inch pieces, peel and finely grate the fresh root ginger, chop crystalised ginger into tiny bits. Juice and quarter a lemon (discard pips) and add all these to a pan with a small amount of water
2. Simmer gently for 20 mins until the lemon and rhubarb are soft then add the sugar, stir until fully dissolved
3. Boil on high to reach setting point, usually at 105 degrees c or when a small blob of jam wrinkles on a cold plate instead of being runny
4. Remove the lemon pieces and pot into sterilised jars

@ 57d1a264:69f1fee1

Shanghai: Bus Stops Here

A new crowd-sourced transit platform allows riders to propose, vote on, and activate new bus lines in as little as three days.

From early-morning school drop-offs to seniors booking rides to the hospital, from suburban commuters seeking a faster link to the metro to families visiting ancestral graves, Shanghai is rolling out a new kind of public bus — one that’s designed by commuters, and launched only when enough riders request it.

Branded “DZ” for dingzhi, or “customized,” the system invites residents to submit proposed routes through a city-run platform. Others with similar travel needs can opt in or vote, and if demand meets the threshold — typically 15 to 20 passengers per trip — the route goes live.

More than 220 DZ routes have already launched across all 16 city districts. Through an online platform opened May 8, users enter start and end points, preferred times, and trip frequency. If approved, routes can begin running in as little as three days.

Continue reading at https://www.sixthtone.com/news/1017072

originally posted at https://stacker.news/items/979637

@ 472f440f:5669301e

Over the last four years bitcoin has, among other things, established itself as an incredible corporate treasury asset that benefits those who adopt it as such. Microstrategy is the shining example of this theme going from a company that was hovering barely above a ~$1B market cap in mid-2020 to a ~$40B market cap company holding more than 1% of the 21,000,000 bitcoin that will ever exist. Microstrategy's success has emboldened a number of other publicly trader companies to follow suit. Bitcoin as a corporate treasury asset is well on its way to becoming a standard. If you run a business that doesn't hold bitcoin on its balance sheet you are doing yourself, your customers and your shareholders a disservice.

This is a trend that has its legs under it and will accelerate moving forward. A trend that I believe will emerge this cycle is incorporating bitcoin into real estate markets. Leon Wankum has been beating the drum about this for the last few years and I had the pleasure of sitting down with him this morning to record an episode of TFTC that will be published tomorrow morning. Leon is a real estate developer in Germany and he has made it his mission to educate and warn others in real estate about the demonetization of real estate that is under way due to the fact that bitcoin exists and it provides a far superior alternative.

These are pretty stark numbers. Nothing highlights the superior monetary properties of bitcoin better than looking at a chart of the average price of a home priced in USD v. bitcoin.

Since 2016: +46% in USD -99% in BTC

Since 2020: +34% in USD -70% in BTC

The funny thing is that an overwhelming majority of the individuals who make their living in real estate markets do not understand that this is happening to them. Many think they are doing exceptionally well all things considered. Sure, there may be a bit of a slow down and price retraction due to a couple of years of relatively elevated interest rates, but don't worry! The Fed is lowering rates again and the good times are about to start back up. Nothing could be further from the truth. This trend is going to continue unabated until bitcoin is fully monetized and those is the real estate industry, particularly real estate developers and those who lend capital to developers, should seriously take the time to understand what is happening to them.

Real estate is the largest store of value asset in the world at the moment. The most common number that is thrown around for the total size of the market is $300 TRILLION. $300 TRILLION of wealth being stored in an asset that is illiquid, comes with maintenance costs, taxes, insurance premiums, and susceptible to extreme weather event, among other things. Compared to bitcoin - which is extremely liquid, saleable, divisible and hard to confiscate, real estate is a far superior asset to store your wealth in. This is something that I'm sure is well understood by many of you reading this letter.

What's less understood is the dynamics of the real estate development market over the last few years, which have been severely hindered by elevated interest rates. The higher interest rate environment coupled with the inflationary pressures that forced rates higher in the first place have put developers in a predicament; they have a higher cost of capital to start new projects with raw material prices that are still much higher than they were before the economic lock downs of 2020-2022. This has led to a scenario where it isn't advantageous to start new projects and the projects that broke ground in 2021-2023 are finding that they need to incur more debt to get their developments across the finish line.

Despite the fact that interest rates are on their way back down, it doesn't seem like the economics of these projects are going to materially improve in the short to medium-term as headline inflation begins to creep back up. Couple this with the fact that the jobs market is cratering while real wages struggle to keep up with inflation and many builders are going to find themselves in a situation where they do actually complete a development problem but their cash flow suffers because their customers can't afford the inflated rents that builders will have to charge to get a return on their outlaid capital. Many will be put in a situation where they are forced to be happy with lower rents (cash flow) or sit on the sidelines making no cash flow.

The post-1971 era that brought with it a booming real estate industry is suffering the same fate as the bond market; the generation bull market is over. Real estate prices may go up, but that will be nothing more than a mirage of wealth creation. The unit of account those prices are built on is in dollars, which are being debased at an accelerating rate. Developers, banks and borrowers need to de-risk their real estate exposure and, as Leon points out, bitcoin is the only way to do this in an effective way.

Moving forward developers will have to finance by dual collateralizing their debt with the real estate and bitcoin. In the graphic below Leon illustrates what this type of financing structure will look like. Instead of taking $10m of debt to finance a project and putting it all into materials, construction and marketing, a developer will take out a $10m loan, put $1m in bitcoin and the rest toward the development project. Over the course of the construction of the real estate project, bitcoin will sit in the credit structure and, if held for 4+ years, should increase significantly in value. Saving the builder from risk of default and providing him some optionality in terms of what he can do with the project once it's finished.

In this scenario downside risk is contained - a developer isn't pouring all of the cash into bitcoin at the beginning so the worst case scenario is that bitcoin goes to zero (highly unlikely) and they can eat the small loss and hope to make up with it via cash flows once a project is finished, while upside potential is enormous. Bitcoin is still monetizing and having exposure to the hardest monetary asset the world has ever while it's monetizing has proven to be massively beneficial.

We are still in the early days of bitcoin and this idea will likely seem absolutely insane to most Tradfi investors, but I strongly believe that developers, banks and end consumers who don't leverage this type of bitcoin structured credit will be cooked in the long-run. And those that take advantage of this type of structure first will be considered geniuses in 20 years.

There are many more nuanced benefits to this strategy; holding bitcoin allows landlords and management companies to weather ongoing maintenance costs throughout the years, those who take out mortgages dual collateralized with a house and bitcoin not only protect the equity value of their property but could see their equity values increase significantly more than others using vanilla mortgages, and builders who accumulate bitcoin in their treasuries will be able to use better raw materials when building, which leads to more valuable properties that cash flow for longer.

Again, it's going to take time for these types of structures to become commonplace in the market, but I firmly believe this cycle will be the cycle that these strategies get off the ground. In four to five years they will have a track record and after that it will be considered irresponsible not to finance real estate in this way. The banks will begin to demand it.

---

Final thought... Sinus congestion sucks.

@ 2183e947:f497b975

Most darknet markets (DNMs) are designed poorly in the following ways:

1. Hosting

Most DNMs use a model whereby merchants fill out a form to create their listings, and the data they submit then gets hosted on the DNM's servers. In scenarios where a "legal" website would be forced to censor that content (e.g. a DMCA takedown order), DNMs, of course, do not obey. This can lead to authorities trying to find the DNM's servers to take enforcement actions against them. This design creates a single point of failure.

A better design is to outsource hosting to third parties. Let merchants host their listings on nostr relays, not on the DNM's server. The DNM should only be designed as an open source interface for exploring listings hosted elsewhere, that way takedown orders end up with the people who actually host the listings, i.e. with nostr relays, and not with the DNM itself. And if a nostr relay DOES go down due to enforcement action, it does not significantly affect the DNM -- they'll just stop querying for listings from that relay in their next software update, because that relay doesn't work anymore, and only query for listings from relays that still work.

2. Moderation

Most DNMs have employees who curate the listings on the DNM. For example, they approve/deny listings depending on whether they fit the content policies of the website. Some DNMs are only for drugs, others are only for firearms. The problem is, to approve a criminal listing is, in the eyes of law enforcement, an act of conspiracy. Consequently, they don't just go after the merchant who made the listing but the moderators who approved it, and since the moderators typically act under the direction of the DNM, this means the police go after the DNM itself.

A better design is to outsource moderation to third parties. Let anyone call themselves a moderator and create lists of approved goods and services. Merchants can pay the most popular third party moderators to add their products to their lists. The DNM itself just lets its users pick which moderators to use, such that the user's choice -- and not a choice by the DNM -- determines what goods and services the user sees in the interface.

That way, the police go after the moderators and merchants rather than the DNM itself, which is basically just a web browser: it doesn't host anything or approve of any content, it just shows what its users tell it to show. And if a popular moderator gets arrested, his list will still work for a while, but will gradually get more and more outdated, leading someone else to eventually become the new most popular moderator, and a natural transition can occur.

3. Escrow

Most DNMs offer an escrow solution whereby users do not pay merchants directly. Rather, during the Checkout process, they put their money in escrow, and request the DNM to release it to the merchant when the product arrives, otherwise they initiate a dispute. Most DNMs consider escrow necessary because DNM users and merchants do not trust one another; users don't want to pay for a product first and then discover that the merchant never ships it, and merchants don't want to ship a product first and then discover that the user never pays for it.

The problem is, running an escrow solution for criminals is almost certain to get you accused of conspiracy, money laundering, and unlicensed money transmission, so the police are likely to shut down any DNM that does this. A better design is to oursource escrow to third parties. Let anyone call themselves an escrow, and let moderators approve escrows just like they approve listings. A merchant or user who doesn't trust the escrows chosen by a given moderator can just pick a different moderator. That way, the police go after the third party escrows rather than the DNM itself, which never touches user funds.

4. Consequences

Designing a DNM along these principles has an interesting consequence: the DNM is no longer anything but an interface, a glorified web browser. It doesn't host any content, approve any listings, or touch any money. It doesn't even really need a server -- it can just be an HTML file that users open up on their computer or smart phone. For two reasons, such a program is hard to take down:

First, it is hard for the police to justify going after the DNM, since there are no charges to bring. Its maintainers aren't doing anything illegal, no more than Firefox does anything illegal by maintaining a web browser that some people use to browse illegal content. What the user displays in the app is up to them, not to the code maintainers. Second, if the police decided to go after the DNM anyway, they still couldn't take it down because it's just an HTML file -- the maintainers do not even need to run a server to host the file, because users can share it with one another, eliminating all single points of failure.

Another consequence of this design is this: most of the listings will probably be legal, because there is more demand for legal goods and services than illegal ones. Users who want to find illegal goods would pick moderators who only approve those listings, but everyone else would use "legal" moderators, and the app would not, at first glance, look much like a DNM, just a marketplace for legal goods and services. To find the illegal stuff that lurks among the abundant legal stuff, you'd probably have to filter for it via your selection of moderators, making it seem like the "default" mode is legal.

5. Conclusion

I think this DNM model is far better than the designs that prevail today. It is easier to maintain, harder to take down, and pushes the "hard parts" to the edges, so that the DNM is not significantly affected even if a major merchant, moderator, or escrow gets arrested. I hope it comes to fruition.

@ 21335073:a244b1ad

Please respect Virginia Giuffre’s memory by refraining from asking about the circumstances or theories surrounding her passing.

Since Virginia Giuffre’s death, I’ve reflected on what she would want me to say or do. This piece is my attempt to honor her legacy.

When I first spoke with Virginia, I was struck by her unshakable hope. I had grown cynical after years in the anti-human trafficking movement, worn down by a broken system and a government that often seemed complicit. But Virginia’s passion, creativity, and belief that survivors could be heard reignited something in me. She reminded me of my younger, more hopeful self. Instead of warning her about the challenges ahead, I let her dream big, unburdened by my own disillusionment. That conversation changed me for the better, and following her lead led to meaningful progress.

Virginia was one of the bravest people I’ve ever known. As a survivor of Epstein, Maxwell, and their co-conspirators, she risked everything to speak out, taking on some of the world’s most powerful figures.

She loved when I said, “Epstein isn’t the only Epstein.” This wasn’t just about one man—it was a call to hold all abusers accountable and to ensure survivors find hope and healing.

The Epstein case often gets reduced to sensational details about the elite, but that misses the bigger picture. Yes, we should be holding all of the co-conspirators accountable, we must listen to the survivors’ stories. Their experiences reveal how predators exploit vulnerabilities, offering lessons to prevent future victims.

You’re not powerless in this fight. Educate yourself about trafficking and abuse—online and offline—and take steps to protect those around you. Supporting survivors starts with small, meaningful actions. Free online resources can guide you in being a safe, supportive presence.

When high-profile accusations arise, resist snap judgments. Instead of dismissing survivors as “crazy,” pause to consider the trauma they may be navigating. Speaking out or coping with abuse is never easy. You don’t have to believe every claim, but you can refrain from attacking accusers online.

Society also fails at providing aftercare for survivors. The government, often part of the problem, won’t solve this. It’s up to us. Prevention is critical, but when abuse occurs, step up for your loved ones and community. Protect the vulnerable. it’s a challenging but a rewarding journey.

If you’re contributing to Nostr, you’re helping build a censorship resistant platform where survivors can share their stories freely, no matter how powerful their abusers are. Their voices can endure here, offering strength and hope to others. This gives me great hope for the future.

Virginia Giuffre’s courage was a gift to the world. It was an honor to know and serve her. She will be deeply missed. My hope is that her story inspires others to take on the powerful.

@ d41bf82f:ed90d888

สิ่งสำคัญเหนือสิ่งใด—ความสำเร็จในสงครามขึ้นอยู่กับการมีทรัพย์มากพอที่จะจัดหาได้ทุกสิ่งที่ภารกิจต้องการได้หรือไม่ — โรเบิร์ต เดอ บัลซัค, ค.ศ. 1502

บทนี้เริ่มต้นด้วยการอธิบายว่าในโลกยุคแห่งความรุนแรง การคว้าชัยในสงครามไม่ได้ขึ้นกับอุดมการณ์เท่านั้น แต่อยู่ที่การระดมทรัพยากรได้มากพอ ซึ่งรัฐชาติสมัยใหม่คือโครงสร้างที่ประสบความสำเร็จมากที่สุดในประวัติศาสตร์ในการดึงทรัพยากรจากประชาชนมาสนับสนุนการใช้อำนาจรุนแรงอย่างเป็นระบบ

ผู้เขียนเปรียบเทียบสองเหตุการณ์สำคัญ คือการทำลายกำแพงเมืองซานจิโอวานนีในปี 1495 กับการทลายกำแพงเบอร์ลินในปี 1989 โดยเหตุการณ์แรกเป็นจุดเริ่มต้นของยุคแห่งผลตอบแทนสูงจากความรุนแรง (Gunpowder Revolution) ส่วนเหตุการณ์หลังคือสัญลักษณ์ของการสิ้นสุดของยุคอุตสาหกรรมและเป็นการเริ่มต้นของยุคสารสนเทศที่ผลตอบแทนจากการใช้ความรุนแรงกำลังลดลงอย่างเห็นได้ชัด

ความแตกต่างสำคัญของสองกำแพงนี้คือ กำแพงซานจิโอวานนีถูกสร้างเพื่อป้องกันภัยจากภายนอก ขณะที่กำแพงเบอร์ลินถูกสร้างขึ้นเพื่อป้องกันไม่ให้ผู้คนภายในหลบหนีออกไป—สะท้อนถึงรัฐที่ควบคุมประชาชนอย่างเข้มงวดและมีอำนาจอย่างล้นเหลือ

ในบริบทของยุคสารสนเทศ เมื่อผลตอบแทนจากการใช้ความรุนแรงลดลง รัฐชาติก็เริ่มถูกมองว่าเป็นองค์กรที่กดขี่รีดไถมากกว่าจะเป็นผู้คุ้มครอง ผู้มีความรู้และผู้มั่งคั่งจะหาทางหลบหนีออกจากการควบคุมของรัฐ เช่นเดียวกับที่รัฐบาลพยายามสกัดกั้นการหลบหนีของทุน ด้วยนโยบายอย่าง ภาษีการสละสัญชาติ ของประธานาธิบดีคลินตันในปี 1995 ซึ่งเปรียบได้กับ “กำแพงเบอร์ลินสำหรับเงินทุน”

ผู้เขียนชี้ว่าการเก็บภาษีสูงในกลุ่มประเทศ OECD(The Organization for Economic Co-operation and Development) นั้นแม้จะเป็นข้ออ้างเพื่อค้ำจุนรัฐสวัสดิการ แต่ในความจริง คนรวยมักไม่ได้รับผลประโยชน์จากรัฐสวัสดิการในสัดส่วนที่สมเหตุสมผลกับภาษีที่จ่ายไป และในยุคสารสนเทศ การจัดเก็บภาษีผูกขาดจะยิ่งทำได้ยากขึ้นทุกที

ผู้เขียนวิเคราะห์อายุขัยของรัฐชาติ โดยระบุว่ายุคของรัฐชาติเป็นเพียงช่วงเวลาราว 200 ปี นับจากการปฏิวัติฝรั่งเศสในปี 1789 ถึงการล่มสลายของกำแพงเบอร์ลินในปี 1989 ก่อนหน้านั้น การปกครองแบบรัฐชาติไม่ใช่เรื่องปกติ ส่วนใหญ่เป็นระบบเผด็จการแบบตะวันออกที่พึ่งการควบคุมระบบชลประทาน แต่การปฏิวัติดินปืนทำให้รัฐสามารถควบคุมและขยายอำนาจออกไปนอกโครงสร้างชลประทานได้ รัฐขนาดใหญ่ที่มีทรัพยากรมากจะได้เปรียบในการทำสงครามมากกว่ารัฐที่มีประสิทธิภาพในการผลิตแต่มีขนาดเล็ก สงครามเย็นจึงไม่ใช่แค่การต่อสู้ระหว่างอุดมการณ์ แต่คือการเผชิญหน้าระหว่างสองระบบที่สามารถระดมทรัพยากรได้ดีที่สุดในยุคอุตสาหกรรม ได้แก่ คอมมิวนิสต์ที่ใช้การควบคุมจากศูนย์กลาง กับประชาธิปไตยแบบรัฐสวัสดิการที่ใช้ประชาธิปไตยและชาตินิยมเป็นเครื่องมือสร้างแรงจูงใจให้ประชาชนยินยอมให้รัฐใช้ทรัพยากรของตนเองในการทำสงคราม

บทนี้จึงชี้ให้เห็นว่า ทั้งคอมมิวนิสต์และประชาธิปไตยอาจมีอุดมการณ์ตรงข้ามกัน แต่กลับมีโครงสร้างการระดมทรัพยากรที่คล้ายกันในแง่การเป็น ยุทธศาสตร์ทางทรัพยากร ที่มีประสิทธิภาพสูงสุดในโลกแห่งความรุนแรง แต่ในยุคใหม่ที่ผลตอบแทนจากความรุนแรงลดลง ระบบเหล่านี้ก็อาจกำลังเข้าสู่ปลายทางของมัน

สามารถไปติดตามเนื้อหาแบบ short vdo ที่สรุปประเด็นสำคัญจากแต่ละบท พร้อมกราฟิกและคำอธิบายกระชับ เข้าใจง่าย ได้ที่ TikTok ช่อง https://www.tiktok.com/@moneyment1971

@ d41bf82f:ed90d888

“ฉันยังคงเชื่อและหวังว่า สักวันหนึ่งการเมืองและเศรษฐกิจจะลดบทบาทลงจากความสำคัญที่เคยมีในอดีต วันหนึ่งจะมาถึง วันที่ข้อถกเถียงทั้งหลายที่เรามีอยู่ในปัจจุบันเกี่ยวกับเรื่องเหล่านี้ จะดูเล็กน้อยหรือไร้ความหมาย ไม่ต่างจากการโต้แย้งทางเทววิทยาในยุคกลาง ซึ่งแม้แต่ปัญญาชนที่เฉียบแหลมที่สุดก็ยังทุ่มเทแรงกายแรงใจให้กับมันอย่างไร้ประโยชน์”

— อาร์เธอร์ ซี. คลาร์ก

บทนี้เปรียบเทียบการล่มสลายของโครงสร้างอำนาจทางการเมืองในยุคปัจจุบันกับความเสื่อมถอยของศาสนจักรในยุคกลาง ผู้เขียนตั้งข้อสังเกตว่าการเมืองสมัยใหม่—ในฐานะกิจกรรมที่เน้นการแย่งชิงอำนาจรัฐและให้เหตุผลแก่การใช้อำนาจ—เป็นเพียงสิ่งประดิษฐ์ชั่วคราวที่เกิดขึ้นในช่วงเวลาที่ผลตอบแทนจากการควบคุมรัฐมีสูง โดยเฉพาะในช่วงหลังการปฏิวัติดินปืน ซึ่งเป็นเหตุการณ์สำคัญที่เปลี่ยนตรรกะของการใช้ความรุนแรงอย่างรุนแรง

ก่อนหน้าการปฏิวัติดินปืน อำนาจทางทหารกระจัดกระจายอยู่ในมือของชนชั้นสูงตามระบบศักดินา อัศวินม้าหุ้มเกราะคือศูนย์กลางของกองกำลัง ซึ่งควบคุมได้ยากและมีต้นทุนสูง เมื่อมีดินปืนเข้ามาแทนที่ มันทำให้รัฐสามารถจัดตั้งกองทัพถาวรที่ควบคุมจากส่วนกลางได้อย่างมีประสิทธิภาพ ต้นทุนต่อหน่วยของความรุนแรงลดลง แต่กำลังทำลายล้างกลับเพิ่มขึ้น ทำให้การผูกขาดการใช้กำลังโดยรัฐกลายเป็นสิ่ง “คุ้มทุน” และส่งเสริมให้เกิดรัฐชาติสมัยใหม่ที่มีการเก็บภาษีอย่างเป็นระบบ มีระบบราชการ และกองทัพประจำการ

การเมืองในความหมายใหม่จึงถือกำเนิดขึ้นจากการแย่งชิงทรัพยากรและอำนาจรัฐที่เติบโตจากอิทธิพลของดินปืน ความสำคัญของคำถาม “ใครควบคุมรัฐ?” จึงกลายเป็นแกนกลางของความขัดแย้งทางการเมืองตลอด 500 ปีที่ผ่านมา ในมุมมองของผู้เขียน การเมืองไม่ได้เป็นแก่นแท้ของการดำรงอยู่ของมนุษย์ แต่เป็นผลพลอยได้จากเงื่อนไขทางเทคโนโลยีและภูมิสังคมในช่วงเวลาหนึ่ง ซึ่งกำลังหมดสภาพไปอย่างช้าๆ จากอิทธิพลของการปฏิวัติสารสนเทศ เช่นเดียวกับที่ระบบศักดินาเคยสิ้นสุดลงเมื่อสิ้นยุคกลาง

กระบวนการนี้เริ่มสังเกตได้จากความเบื่อหน่ายและการเสื่อมศรัทธาที่ผู้คนมีต่อการเมืองทั่วโลก ความไม่พอใจต่อการทุจริตของผู้นำ ความล้มเหลวในการบริหาร และความไร้ประสิทธิภาพของรัฐชาติ สะท้อนถึงการหมดอำนาจของโครงสร้างทางการเมืองแบบเดิมในระดับลึก แม้ในปัจจุบันผู้คนยังไม่สามารถจินตนาการถึงชีวิตที่ปราศจากการเมืองได้อย่างสิ้นเชิง แต่กระแสความเสื่อมถอยได้เริ่มขึ้นแล้ว เหมือนกับที่ผู้คนในยุคกลางยังเชื่อในอำนาจของศาสนจักร ทั้งที่ศรัทธาที่แท้จริงได้เสื่อมสลายไปก่อนหน้านั้นนาน

ผู้เขียนเปรียบการล่มสลายของการเมืองสมัยใหม่กับการล่มสลายของพระศาสนจักรในปลายคริสต์ศตวรรษที่ 15 โดยให้เหตุผลว่า ในช่วงนั้นผู้คนเริ่มหมดศรัทธาในนักบวช ทั้งระดับสูงและระดับล่าง มีการกล่าวหาว่าหิวเงิน คาวโลกีย์ และขายบาป ผู้คนยังเชื่อในศรัทธาภายนอก แต่ในความเป็นจริง สถาบันศาสนากลับไร้อำนาจในการควบคุมสังคม ความเปรียบเทียบนี้นำไปสู่ข้อเสนอว่ารัฐชาติกำลังเดินตามเส้นทางเดียวกัน คือหมดอำนาจลงทั้งในทางปฏิบัติและความชอบธรรม ในโลกยุคสารสนเทศ การควบคุมของรัฐมีต้นทุนสูงขึ้น เทคโนโลยีทำให้ผู้คนหลีกเลี่ยงอำนาจรัฐได้มากขึ้น รัฐไม่สามารถผูกขาดการใช้ความรุนแรงหรือการเก็บภาษีได้ง่ายเหมือนเดิม รัฐชาติจึงจะค่อย ๆ ถูกแทนที่ด้วยรูปแบบใหม่ของอธิปไตย เช่น เมืองอิสระหรือสาธารณรัฐพ่อค้า ซึ่งต้องแข่งขันกันเสมือนบริษัทเอกชน คิดค่าบริการตามคุณค่าที่ให้กับพลเมือง ผู้เขียนยังวิจารณ์มายาคติของยุคต่าง ๆ ที่บดบังความเข้าใจความจริงของโครงสร้างอำนาจ เช่น มายาคติเรื่องอัศวินในยุคกลาง หรือมายาคติเรื่องประชาธิปไตยในยุคปัจจุบัน ทั้งสองต่างเป็นภาพลวงที่ผูกปัจเจกบุคคลเข้ากับอำนาจรัฐเพื่อระดมทรัพยากรและแรงงาน ในยุคที่ต้นทุนของการใช้อำนาจเปลี่ยนไป บทบาทของทั้งอัศวินในยุคศักดินา และพลเมืองในยุคประชาธิปไตย ก็จะเสื่อมลงตามไปด้วย

กล่าวโดยสรุป บทนี้เสนอว่าเรากำลังอยู่ในช่วงหัวเลี้ยวหัวต่อของประวัติศาสตร์ เมื่อระบบรัฐชาติและการเมืองในรูปแบบที่เราคุ้นเคยกำลังถึงจุดจบ เทคโนโลยีสารสนเทศจะปลดล็อกพลังของปัจเจกบุคคลให้มีทางเลือกที่หลากหลายกว่าการอยู่ภายใต้รัฐเพียงแบบเดียว และโลกใหม่ที่กำลังจะมาอาจไม่ต้องการ “การเมือง” อย่างที่เราเคยรู้จักอีกต่อไป...

สามารถไปติดตามเนื้อหาแบบ short vdo ที่สรุปประเด็นสำคัญจากแต่ละบท พร้อมกราฟิกและคำอธิบายกระชับ เข้าใจง่าย ได้ที่ TikTok ช่อง https://www.tiktok.com/@moneyment1971

@ 3b62c542:6f45deaf

Hey, The legendary Bitcoin Pizza Day is coming soon and this year marks the 15th anniversary of the most iconic transaction in crypto history. On May 22, 2010, programmer Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas, unknowingly launching the world’s first real world use of Bitcoin as a medium of exchange. At the time, it was a modest \$41 deal. Today, those two pizzas are worth hundreds of millions of dollars, a staggering reminder of how far Bitcoin has come.

Bitcoin Pizza Day is more than just a quirky footnote in crypto lore. It represents a turning point: when Bitcoin made the leap from digital curiosity to something that could actually be spent. It demonstrated the currency's potential and inspired early adopters to think bigger about decentralization, financial freedom, and disrupting the global economic system.

Over the past 15 years, Bitcoin has evolved from an underground movement to a global asset class. It has weathered market crashes, regulatory scrutiny, and countless headlines proclaiming its death. And yet, it has endured and even thrived with millions of users, institutional investors, and even governments now participating in the Bitcoin ecosystem.

As we mark this anniversary, we celebrate not just the pizzas, but the pioneers the developers, the believers, the skeptics, and the dreamers who helped build what Bitcoin is today. From Lightning payments to Layer 2 innovations, Bitcoin continues to evolve beyond its humble beginnings.

So whether you're ordering pizza this May 22 or simply tipping your hat to the crypto gods, take a moment to reflect on how a couple of pies changed the world.

Happy Bitcoin Pizza Day!(May 22 , 2025)

@ 8576ca0e:621f735e

El Salvador’s bold embrace of Bitcoin has positioned it as a global leader in cryptocurrency adoption, despite a turbulent journey marked by regulatory hurdles, public skepticism, and geopolitical pressures. As the first country to adopt Bitcoin as legal tender in 2021, its experiment offers a blueprint for integrating digital assets into national economies while highlighting the complexities of such a transformation. Here’s an in depth look at El Salvador’s achievements, challenges, and evolving role in the crypto landscape.

1. Groundbreaking Legal Tender Adoption and Strategic Reserves. In 2021, El Salvador made history by passing the Bitcoin Law, mandating all businesses to accept the cryptocurrency as legal tender. This move aimed to boost financial inclusion, streamline remittances (which account for 23% of GDP), and attract foreign investment. Despite initial setbacks, including public resistance and technical glitches with the state-backed Chivo wallet, the government persisted.  By March 2025, El Salvador’s Strategic Bitcoin Reserve Fund held 6,173 BTC (valued at $637 million), acquired through strategic purchases even after revoking Bitcoin’s legal tender status to comply with IMF conditions. This reserve underscores the nation’s long-term commitment to Bitcoin as a treasury asset, with President Nayib Bukele declaring, “It won’t stop now, and it won’t stop in the future”. 

1. Infrastructure and Economic Modernization.  El Salvador’s vision extends beyond cryptocurrency adoption. The government has launched transformative projects to position the country as a regional tech hub: 
2. El Salvador Vuela: A $500 million initiative to modernize aviation infrastructure, enhancing regional connectivity. 
3. Cable Submarino: A submarine fiber-optic cable network to bolster digital infrastructure and attract tech investments. 
4. Bitcoin City: A proposed tax free zone powered by geothermal energy from the Conchagua volcano, designed for Bitcoin mining and crypto innovation. 

These efforts are supported by partnerships with institutions like the Development Bank of Latin America (CAF), reflecting a multi-pronged strategy to leverage blockchain for economic growth. 

1. Navigating International Pressures.  The International Monetary Fund (IMF) played a pivotal role in reshaping El Salvador’s Bitcoin policies. In exchange for a $1.4 billion loan in 2024, the government agreed to: 
2. Revoke Bitcoin’s legal tender status, limiting its use to voluntary transactions. 
3. Halt public sector Bitcoin accumulation (though purchases continue via non-governmental entities). 
4. Privatize the Chivo wallet, which saw limited adoption due to technical issues and public distrust. 

Despite these concessions, El Salvador has maintained its Bitcoin reserves through creative compliance, such as reclassifying purchases under non public sector frameworks. 

1. Lessons and Regulatory Innovation.  El Salvador’s experiment underscores critical lessons for nations exploring crypto adoption: 
2. Public Trust is Paramount: Mandating Bitcoin use top-down failed; only 20% of businesses accepted it by 2022, and 80% of citizens preferred the U.S. dollar. 
3. Regulatory Sandboxes Matter: The country pioneered regulatory flexibility, including temporary suspensions of rules to test crypto frameworks and a Law to Facilitate Financial Inclusion. 

4. Balancing Innovation and Stability: While Bitcoin’s volatility and energy demands drew criticism, initiatives like geothermal mining and IMF aligned reforms aim to mitigate risks. 

5. Global Leadership and Future Prospects.  El Salvador remains a crypto trailblazer, hosting flagship events like the, adopting Bitcoin 2025 conference and the PLANB Forum, which attract global innovators. Its Bitcoin Office, led by Stacy Herbert, continues to drive policy and transparency, with blockchain data publicly tracking reserve purchases. 

Looking ahead, the country faces dual challenges: closing the digital divide (ranked lowest in Latin America for broadband access) and proving Bitcoin’s utility in reducing inequality. Yet, its resilience and strategic vision suggest that the “Bitcoin experiment” is far from over it’s evolving. 

In conclusion, El Salvador’s journey with Bitcoin is a testament to the audacity of innovation. While critics decry its setbacks, the nation’s achievements strategic reserves, infrastructure modernization, and regulatory creativity pave the way for a future where cryptocurrency and traditional finance coexist. As Bukele’s government balances IMF mandates with crypto advocacy, the world watches closely, recognizing that El Salvador’s story is not just about Bitcoin, but about reimagining economic sovereignty in the digital age. 

@ 45c41f21:c5446b7a

Pocket Wallet is a experimental nostr-based wallet on CKB blockchain built for pocket change and casual, low-stakes transactions. It uses CKB Light Client to sync the blockchain right in your browser without relying on any centralized RPC service. By integrating Nostr with Nip46 and more, Pocket Wallet hopes to provide a fully verifiable wallet experience in the methodology of client-side-validation and POW verifications. The software is also open-source, right now it only supports testnet, any feedback is welcome.

This is also an self attempt to build a Web5 product from zero and explore the design and implementation of a Web5 idealism. The things i find interesting along side building this demo are quite a few, just pick some to share:

1. I think users and developers all want something that can last without requiring extra hardship, approval or permissions in the future.
2. For developers, what i mean by that is when building Web5 products, we should think about the maintain problem. to make a product works in the longer future, you want it relies on fewer dependencies.
3. Server is bad because it relies on other people’s computer. Client side validation is good because the computer is in your own control.
4. That is why light client and POW matters to blockchain since they give you the power to verify by yourself instead of trusting others. Don’t trust, verify is not just a slogan, it is also a practical strategy if you look at it in the long term. Centralized service always feels great at the beginning and then it mess you up in the future.
5. If you really have to rely on some sort of service, choose the simple and open protocol one instead of the proprietary software. One example in Pocket wallet is the usage of Nip46 to manage the Nostr account. The great thing about Nip46 is that it is dead simple and you can easily host your own if all the Nip46 service providers are down or kicking you out.
6. In fact, I think all service/products in Nostr ecosystem are easily switchable, replaceable and can be self-hosting since it is a very simple open protocol. That’s why it is chosen in Pocket Wallet as a kind of Web2 User interface connecting with the blockchain web3 stuff(which together builds up the Web5, yes!)
7. For users, there are power users and weak users. power users can take care of their own but they just don’t have the tools that allows them to do the job. The reason is that power users are considered the minorities in almost all the marketplace. We need more web5 products that move the power and also the responsibility from developers to power users.
8. For weak users, they can take care of their own but they just keep being told that they can’t and they fall for it. Being able to verify and control the software one is using is a key difference. One simple example is that do you allow a Nostr account manager (either it is Nip46 or Nip07) to automatically approve signing most events for you or do you check every operation by yourself with a high security policy? Automatically signing are always dangerous when comes to manage crypto funds.
9. Web5 implements different level of trust and opens access to different level of verifiable tools and resource. Only in this way power users can fulfill their wants while weak users have a chance to realize the lies of custody. We need web5 to bring individual sovereign.

@ 472f440f:5669301e

As we sprint toward the 2024 US Presidential election the case for using bitcoin as an asset to store value for the long term has never been stronger. The insanity of the incumbent power structure is being laid bare and it is becoming impossible to ignore the headwinds that the Borg faces moving forward.

Yesterday morning and earlier today it became clear that inflation is rearing its head again. Not ideal for the soft landing Jerome Powell and Yellen are signaling to the markets after the first Fed Funds rate cut in years.

It seems like the yield curve predicted this earlier this week when it inverted after a temporary normalizing period after the Fed's rate cut. Futhermore, it is becoming glaringly obvious that running historically high fiscal deficits while interest rates were at multi-decade highs was a pretty bad idea. As James Lavish points out, the data from the CBO earlier this week shows that the US federal government is running a deficit that is 13% higher than it was last year. This is at a time when real wages are still depressed, inflation is still suffocating American consumers and the private sector job market for American citizens is cratering.

Speaking of the job market, the numbers that came in yesterday were worse than expected: The effect of Hurricane Helene should certainly be taken into consideration when looking at this jobs miss. However, even with the miss we know that these numbers have been under reported for years to make the economy seem healthier than it actually is. Even with Helene's effect taken into consideration this print will likely be revised higher 3-6 months from now.

All of this points to a breaking point. A breaking point for the economy and, more importantly, a breaking point for overall confidence in the US government and its ability to operate with any semblance of fiscal responsibility. The chart that Pierre Rochard shares in the tweet at the top of this letter is the only chart that matters for anyone attempting to gauge where we find ourselves on the path to bitcoin realizing its full potential.

There is $133 TRILLION worth of value sitting in global bond markets. Bitcoin is a far superior asset to store one's wealth in. Bond markets are beholden to the whims of the actors who issue those bonds. In the case of the US Treasury market, the largest bond market in the world, the US government. And as we have pointed out above, the US government is recklessly irresponsible when it comes to issuing debt with a complete inability to pay it back on the long-term. Inflation is up, the jobs market is cratering for the native born Americans who actually pay taxes, and the push toward a multi-polar geopolitical landscape is becoming more pronounced by the day. All of this points to a long-term weakening in demand for US treasuries.

The only way out of this mess is to overtly default on this debt or inflate it away. The latter will most certainly be the route that is taken, which positions bitcoin extremely well as people seek the confines of an asset that cannot be debased because it cannot be controlled by a central authority. The levels of sovereign debt in the world are staggering. Do not let the bitcoin price consolidation of the last six months lull you into a state of complacency. Even the results of the Presidential election won't have a material effect on these dynamics. Though, a Donald Trump presidency would certainly be preferable if you prefer to see relatively sane policy enacted that would provide you with time to find safety in bitcoin. But, in regards to this sovereign debt crisis, that is the only benefit you can hope for; more time to prepare. I'll leave you with some thoughts from Porter Stansberry:

"We are about to see the final destruction of the American experiment. Every economist knows this (see below) is correct; but nobody is going to tell you about it. I’ll summarize in plan English: We are fucked.

1. Debt is growing much faster than GD and interest expense is growing much faster than debt; and the real growth in entitlement spending hasn’t even begun yet.

2. Progressive taxation means nobody will ever vote for less spending + the combined size of government employees and dependents, there’s no way for America’s actual taxpayers (about 20m people) to ever win an election, so the spending won’t stop growing and, ironically, inflation will make demands for more spending to grow.

3. Inflation undermines both economic growth and social cohesion. The purple hair man-women weirdos are only the beginning; what comes next is scapegoating jews, blacks, immigrants and a huge increase in violence/domestic terror.

Get ready America. This election has nothing to do with what’s coming. And neither Trump nor Kamala can stop it.

Our experiment in freedom and self-government died in 1971 (when all restraint on government spending was abandoned with the gold standard.) You can only live at the expense of your neighbor until he runs out of money.

And that day is here."

---

Final thought... I hope my tux still fits for this wedding. Enjoy your weekend, freaks.Use the code "TFTC" for 15% off

@ a5ee4475:2ca75401

clients #list #descentralismo #english #article #finalversion

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

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

---

CLIENTS

---

Twitter like

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

---

Communities

• CCNS - Community Curated Nostr Stuff [source]
• noStrudel - Gamified Experience [onion] [info/source] 🌐
• [Nostrudel Next] - [onion]
• moStard - Nostrudel with Monero [onion] [info/source] 🌐
• Nostr Kiwi [creator] 🌐
• Satellite [info] 🌐
• Flotilla - [source] 🌐🐧
• Chachi - [source] 🌐
• Futr - Coded in haskell [source] 🐧 (others soon)
• Soapbox - Comunnity server [info] [source] 🌐
• Ditto - Soapbox comunnity server 🌐 [source] 🌐
• Cobrafuma - Nostr brazilian community on Ditto [info] 🌐
• Zapddit - Reddit like [source] 🌐
• Voyage (Reddit like) [on development] 🤖

---

Wiki

• Wikifreedia [source] 🌐
• Wikinostr [source] 🌐
• Wikistr [info] [source] 🌐

---

Search

• Advanced nostr search - Advanced note search by isolated terms related to a npub profile [source] 🌐
• Nos Today - Global note search by isolated terms [info] [source] 🌐
• Nostr Search Engine - API for Nostr clients [source]
• Ntrends - Trending notes and profiles 🌐

---

Website

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

---

App Store

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

---

Video and Live Streaming

• Flare - Youtube like 🌐 [source]
• ZapStream - Live streaming and zap who you want (NIP-53) [source] 🤖(on zapstore) 🌐
• Swae - Live streaming [source] (on development) ⏳

---

Audio and Podcast Transmission

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

---

Music

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

---

Images

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

---

Download and Upload

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

---

Documents, graphics and tables

• Mindstr - Mind maps [source] 🌐
• Docstr - Share Docs [info] [source] 🌐
• Formstr - Share Forms [info] 🌐
• Sheetstr - Share Spreadsheets [source] 🌐
• Slide Maker - Share slides 🌐 (advice: https://zaplinks.lol/ and https://zaplinks.lol/slides/ sites are down)

---

Health

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

---

Forum

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

---

Direct Messenges (DM)

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

---

Reading

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

---

Writing

• Habla - Blog [info] 🌐
• Blogstack - Blog [info]🌐
• YakiHonne - Articles and News [info] 🤖🍎🌐

---

Lists

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

---

Market and Jobs

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

---

Data Vending Machines - DVM (NIP90)

(Data-processing tools)

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

---

Games

• Chesstr - Chess 🌐 [source]
• Jestr - Chess [source] 🌐
• Snakestr - Snake game [source] 🌐
• DEG Mods - Decentralized Game Mods [info] [source] 🌐
• NG Engine - Nostr Game Engine [source] 🌐
• JmonkeyEngine - Java game engine [source] 🌐

---

Customization

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

---

Like other Services

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

---

General Uses

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

---

Places

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

---

Driver and Delivery

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

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

---

OTHER STUFF

---

Lightning Wallets (zap)

• Alby - Native and extension [info] 🌐
• ZBD - Gaming and Social [info] 🤖🍎
• Wallet of Satoshi [info] 🤖🍎
• Minibits - Cashu mobile wallet [info] 🤖
• Blink - Opensource custodial wallet (KYC over 1000 usd) [source] 🤖🍎
• LNbits - App and extesion [source] 🤖🍎💻
• Zeus - [info] [source] 🤖🍎

---

Exchange

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

---

Media Server (Upload Links)

audio, image and video

Connected with Nostr (NIP):

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

Blossom - Your Media Safer

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

Paid Upload Only

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

Without Nostr NIP:

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

---

Donation and payments

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

---

Security

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

---

Key signing and Extension

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

---

Code

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

---

Relay Check and Cloud

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

---

Bidges and Getways

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

Useful Profiles and Trends

• Kinostr - Nostr Cinema [english]
• Equinox - Nostr Cinema [portuguese]

nostr-voice - Voice note (just some clients)

---

NOT RELATED TO NOSTR

---

Android Keyboards

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

---

Personal notes and texts

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

---

Front-ends

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

---

Other Services

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

Other open source index: Degoogled Apps

---

Some other Nostr index on:

Nostr Apps | Nostorg | Awesome Nostr

@ e39333da:7c66e53a

::youtube{#ELC4r7fbKEQ}

Silver Palace, developed by Silver Studio and published by Elementa, a fantasy adventure action RPG, built with Unreal Engine 5, was announced along with a 10-minute long gameplay video showcasing the game in what appears to be a pre-beta state.

::youtube{#EIUa74hDJiQ}

Find more information about the game from the game's website.

@ 60392a22:1cae32da

Why are emojis called emojis?

---

The word "emoji" comes from Japan because emojis were first created and popularized there. The term "emoji" (絵文字) is made up of two Japanese words: "e" (絵), meaning "picture," and "moji" (文字), meaning "character."

The first set of emojis was developed in 1999 by Shigetaka Kurita, a designer working for NTT DoCoMo, a major Japanese mobile phone company. Kurita designed a set of 176 12×12 pixel images for a messaging service called i-mode, which was a precursor to what we now recognize as text messaging. The aim was to help people convey emotions, actions, or objects more easily in their digital communication, especially since sending lengthy texts wasn’t as practical on early mobile phones.

The simplicity and ease of emojis made them incredibly popular, and over time, they spread beyond Japan to the rest of the world. Today, emojis are used globally in texting, social media, and digital communication.

So, while emojis were created in Japan, they’ve become a universal part of modern communication!

---

I did not know it. I want to share it. so now I tweet.

@ 7e538978:a5987ab6

Introduction

Nostr Wallet Connect (NWC) is a powerful open protocol built on Nostr that enables a connection between Bitcoin Lightning wallets and applications—offering strong privacy, user control, easy connection, open interoperability, and support for a wide range of use cases without needing port forwarding or other network configuration. It allows a user to use many different Lightning apps with their own Lightning node via NWC.

In this post, we’ll give an overview of NWC as well as how to use a home-hosted LNbits instance as a private funding source for a public LNbits instance—giving you the benefits of privacy, control, and simplicity, to unleash the full power of LNbits.

Why Self-host with NWC?

• Privacy: Keep your Lightning node and LNbits instance at home, within your own network.
• Ownership & Control: Retain full custody of your funds, with no third-parties.
• Security: No port forwarding or VPN required—your node is not accessible from the public internet.
• Simplicity: Easy to set up and maintain.
• Flexible Funding: Fund your clearnet LNbits with any NWC-capable service—including your own LNbits instance, Alby, Minibits, Coinos, and more.
• App Access: Use LNbits at home as a Lightning wallet for one of the many NWC compatible apps.

How It Works

Your home Lightning node (running Raspiblitz, Umbrel, Start9, MyNode or one of the many other node packages) runs LNbits. You enable the NWCProvider extension in LNbits and generate a connection string.

On your clearnet LNbits instance (hosted with the LNbits SaaS or on your own VPS), set this connection string as your funding source.

This lets you:

• Fund and use LNbits from anywhere
• Keep your node private
• Add or change funding sources at any time with minimal config

How To Set It Up

1. Install LNbits at Home

Use a Raspiblitz, MyNode, Umbrel or other node package to run your home LNbits instance. You can also build your own node with Phoenixd and LNbits or any other combination of LNbits and Lightning node software.

• Enable the NWCProvider extension

• Create a new NWC connection

• Copy the NWC connection string

2. Provision a Clearnet LNbits Instance

Use:

• LNbits SaaS
• Your own VPS on a VPS provider like Vultr, Linode, AWC EC2 and install LNbits

---

3. Connect via NWC

On your clearnet LNbits instance:

• Go to Settings → Funding

• Select "Nostr Wallet Connect"

• Paste your copied NWC connection string

• Click Save, then Restart Server

---

Done! 🎉 Your clearnet LNbits instance is now funded by your home Lightning node—no open ports, no VPN, no fuss.

Home Nodes

You can use this setup with any LNbits-compatible home Lightning node, including:

• Raspiblitz
• Start9
• Umbrel
• MyNode
• Your own home server box with LNbits plus any other Lightning funding source for example Phoenixd, Core-Lightning, LND, etc.

Try it Out

Want to try this yourself?

• 🧠 Enjoy control, privacy, and simplicity
• 🌍 Use LNbits on the clearnet with funding from your own node
• 🔌 Connect apps like Alby, Minibits, Coinos, or your own LNbits

🚀 Run LNbits

Start exploring the power of NWC and LNbits today:

• 🌐 Use the LNbits SaaS
• 🧰 Self-host
• 💬 Join the LNbits community on Telegram

NWC Apps

Here are some great apps that make use of NWC.

• Alby Go
• A lightning wallet that uses one or many NWC providers to make and receive lightning payments
• Damus
• Decentralised social app on Nostr
• Amethyst
• Android Nostr social media client client
• Clean interface, popular among mobile users
• Snort
• Web-based Nostr client
• Familiar UI, easy access via browser
• Stacker News
• Bitcoin-centric news/discussion site
• Earn sats via upvotes
• Zeus
• Mobile app for controlling your own Lightning node
• Favoured by self-custody and privacy-focused users

Resources

• 🔗 Nostr Wallet Connect (NWC)
• ☁️ LNbits SaaS
• 🛠️ LNbits GitHub
• 📘 Phoenixd on GitHub
• 💬 Telegram Community

@ 60392a22:1cae32da

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

---

1. Nostr is decentralized

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

2. No passwords or centralized logins

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

3. You control your identity

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

4. Privacy & Security

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

5. Open-source and community-driven

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

Simple Example:

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

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

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

---

@ 58537364:705b4b85

A man once went to a temple to listen to a Dhamma talk. But in his heart, he kept judging and condemning another person who was fishing by the pond nearby — mentally accusing him of being sinful and unafraid of karma — while believing that he himself was making merit by listening to the sermon.

However, the one who was fishing silently rejoiced in the merit of those listening to the Dhamma. He asked forgiveness from the fish and made a heartfelt wish to have the opportunity to do good in his next life, since in this life, he had responsibilities caring for his sick parents and no chance to go to the temple like others.

This story teaches us that merit or sin is not defined by outer actions, but by intention and the true state of the heart.

Some people chant prayers but still gossip. Some give alms but still take advantage of others. Some have knowledge but look down on others. Some keep their bodies clean, but their hearts remain impure.

Do not be deceived by appearances of goodness. Instead, look inward — examine your own heart.

A small act of kindness we offer to a fellow human being may be a greater merit than traveling far to make merit.

It is compassion that sustains the world — not judging others as good or bad.

Read the full TH version at: https://w3.do/kFkeHGZ6

@ 472f440f:5669301e

Last night I had the pleasure of sitting down with Caitlin Long, Founder and CEO of Custodia - a fully reserved bank providing banking services to bitcoin companies, to discuss an affidavit written by Elaine Hetrick of Silvergate Bank. Elaine is the Chief Administrative Officer of Silvergate and wrote an affidavit, a sworn testimony subject to perjury, in which she detailed the events that led to Silvergate voluntarily winding down their business and returning deposits to their customers.

This affidavit is a bombshell because it confirms speculation that Silvergate was solvent in early 2023 and wasn't shut down because of bad risk management on behalf of the bank's management team, but instead was forced to shutter its doors because the Biden Administration, with strong influence from Senator Elizabeth Warren, forced Silvergate's hand because they didn't like that they were banking digital asset companies.

For those who are a bit fuzzy on the details of the narratives that were flying around Silvergate at the time, I'll jog your memory. FTX was a customer of Silvergate's at the time their Ponzi scheme unraveled. As FTX was blowing up, everyone and their mother was scrambling to get their money out of Silvergate because they assumed that since one of the bank's largest counterparties was going bust, the bank must be in trouble too. A sane decision. Especially considering the history of systemically non-important financial institutions this century.

Unless you were paying close attention during this time, you were likely under the impression that Silvergate was a typical fractionally reserved bank that was experiencing a run that led to its inevitable demise. The media made it seem this way. The regulators made it seem this way. And one pompous short seller made it seem this way. However, nothing could be further from the truth. Here are the most important parts of the affidavit:

Silvergate had stabilized, was able to make regulatory capital requirements, and had the capability to continue to serve its customers that had kept their deposits with Silvergate Bank.

Despite this, regulators decided to turn the pressure up and essentially gave Silvergate Bank, and Signature Bank as well, an ultimatum; drastically change your business models immediately by dropping your digital asset customer base or we'll shut you down. There were no hard numbers described in Elaine's testimony, but rumors are that the regulators wanted Silvergate to quickly shrink their exposure to digital asset-related clients to less than 15% of their capital base. At the time, Silvergate's customer base was made up almost entirely of digital asset companies (99.5% to be exact).

The regulators were asking Silvergate to do something that was quite literally impossible given the circumstances. Faced with an impossible task, on March 8th of 2023 Silvergate decided to voluntarily wind down their operations and return deposits back to their customers.

Let's be very clear here, Silvergate did not lose a single penny of customer deposits due to the run on their bank. Management, understanding the volatile nature of the digital asset markets, designed their risk management and capital allocation strategies in a way that would enable them to return dollars to any customer who requested them. And that's exactly what they did when customers came to request their money. They returned EVERY SINGLE PENNY.

This begs the question, "Why did they essentially force Silvergate to shut down?" They seemed to be running a very responsible operation after all. You'd think the regulators would applaud Silvergate's vigilance in risk management on behalf of their customer base. How many banks would have been able to do the same thing if put in the same situation? Probably not many.

The answer to this question is already well known throughout the industry, but Elaine Hetrick's testimony adds some hard evidence that makes it undeniable; Elizabeth Warren, the SEC, the FDIC and the Federal Reserve have been acting in concert to unconstitutionally and extrajudicially target the bitcoin and broader digital asset industry because they do not believe that it should exist. It is a threat to their power structure. The financial system, as it is designed today, gives those who would like to centrally plan the economy and micromanage the lives of American citizens a ton of power. Bitcoin is a threat to that power and they have to do everything in their power to prevent its proliferation.

The targeting of the industry was also confirmed by the aftermath of the NYDFS and FDIC uncharacteristically taking Signature Bank behind the woodshed in the evening of Sunday, March 20th, 2023, despite the fact that Barney Frank and others at the bank were convinced they could handle withdraws come market open the next day.

Signature Bank was ultimately sold to Flagstar Bank. However, they were forced to spin out their digital asset-related accounts before doing so.

This public signaling and sudden regulatory shift made clear that, at least as of the first quarter of 2023, the Federal Bank Regulatory Agencies would not tolerate banks with significant concentrations of digital asset customers, ultimately preventing Silvergate Bank from continuing its digital asset focused business model.

Pretty damning if you ask me. Also, very frustrating and most definitely illegal.

Elizabeth Warren and her gaggle of hall monitors across alphabet soup agencies and the Federal Reserve have been on one massive, unconstitutional, power trip for the last four years. They've besmirched bitcoin and those of us working hard to ensure that the United States of America leads the way forward as bitcoin adoption continues at every turn. Good people striving to make the world a better place.

No one is a better example of this than Alan Lane, the former CEO of Silvergate Bank. I consider Alan a friend and feel supremely confident when I say that he is one of the nicest and thoughtful people I have met in this industry. A man who followed his passion to bring legitimacy and much needed banking services to an industry that the incumbents refused to touch. And he did bring legitimacy. As I explained earlier, Alan and his team understood the volatile nature of the industry and built their firm in a way that took this volatility into account. Silvergate did not fail, they were forced to shut down by Elizabeth Warren and her acolytes at the regulatory agencies.

What's worse, Warren's vendetta against bitcoin and the digital asset industry incited the largest banking crisis this country had seen since 2008. Silvergate and Signature being taken behind the woodshed put everyone on their toes and bank runs started across the country. This led to the failure of First Republic, Silicon Valley Bank and a couple of smaller banks, forced the Fed to step in with their emergency BTFP program, and burdened taxpayers with $40B in FDIC costs that needed to be absorbed as a result. If it weren't for the bailouts things would have gotten completely out of control. All because Elizabeth Warren wants to live in a world in which we are forced to use CBDCs and unable to opt-in to bitcoin.

The euthanasia of Silvergate and Signature are only the tip of the iceberg when it comes to Chokepoint 2.0.

Caitlin Long and Custodia have been in a years long battle with the Federal Reserve to receive a Fed master account so that they can properly serve their customers. For those who are unaware, Custodia is a full-reserve bank that exist to serve bitcoin and digital asset businesses as well as other adjacent businesses like fintechs, banks and funds. Custodia is a chartered bank and special purpose depository institution that has built custody services so that customers can hold bitcoin within their bank accounts alongside their dollar accounts.

Like Silvergate and Signature, Custodia has been singled out and unlawfully denied a master account with the Fed because the Federal Reserve doesn't want a bank like Custodia to exist. Either because they worry about the ramifications of the introduction of a full-reserve bank into a system dominated by fractional-reserve banks or they simply do not want to see bitcoin succeed. If we're being honest, it's probably a combination of the two.

Despite what we, or anyone else, thinks about the potential effect a bank like Custodia could have on the market if it's granted a master account, the Fed's actions are unconstitutional in this case as well. This was made pretty clear (but yet to be determined by a court) in an amicus brief written by Paul Clement on behalf of Custodia earlier this Summer. The Fed is actively undermining the dual-banking system that was set up in this country to enable competition between state chartered banks and the Federal Reserve system.

In the case of Custodia, the Federal Reserve is exhibiting expansive discretionary power that it has never shown before. Custodia is a state chartered special purpose depository institution in the state of Wyoming. Historically, it would be trivial for this type of state chartered bank to get a master account with the Fed. But for whatever reason (we know the reason) the Fed has been denying Custodia their right to this account for a number of years. To the point where Custodia was forced to sue the Federal Reserve and take their case to the courts.

What's interesting about the saga of Custodia and the Fed is that it has forced Custodia's legal team to dig in and highlight where the Fed is overextending its reach and acting arbitrarily. In the amicus brief that was published in July of this year, Paul Clement argues that the way Federal Reserve Bank presidents are chosen is unconstitutional when you take into consideration the fact the these Fed branch presidents are unilaterally undermining state banking laws by denying master accounts.

If they are going to unilaterally undermine state banking laws they need to be appointed by the President or an official acting on behalf of the Executive Branch. Federal Reserve Bank presidents aren't appointed by the President of the United States or any official acting with the authority of the Executive Branch. Instead, they are appointed by their boards, which are controlled by the privately held commercial banks who own them. The Federal Reserve system is clearly acting unconstitutionally when they deny Custodia from being assigned a master account.

The people in power within the federal government and the Federal Reserve system are actively targeting the bitcoin and digital asset industry, acting extrajudicially and making a mockery of the rule of law in the United States. They are completely out of control and it is important that everyone who cares about the future of bitcoin in the United States and the future of the United States more broadly (even if you don't like bitcoin) speaks out and fights against these totalitarians as vehemently as possible. What they are doing is wrong. It's unconstitutional. And it is putting the future of our country at risk.

If the federal government, the regulators and the Federal Reserve do not get out of the way and let law abiding citizens build the businesses they want and associate with businesses they want, those businesses will go elsewhere and the United States will be set back generations as a result.

It's time to put these people in their place and let it be known that freedom will reign supreme in the Land of the Free. Fight!

Final thought... I promised Parker Lewis that I would do cross fit on Friday morning and I'm using today's final thought as an accountability tool.

@ 58537364:705b4b85

ธรรมะที่ดับทุกข์ได้จริงต้องเป็นวิทยาศาสตร์ ถ้าเป็นปรัชญามันจะได้แต่ ประมาณ คะเน คำนวณ ไม่มีของจริง มีแต่สมมติฐาน

สมมติฐานว่า เราเป็นทุกข์ ว่าเราคงจะเป็นทุกข์ หรือว่าอย่างนี้ต้องเรียกว่า เราเป็นทุกข์ มันมีสมมติฐานอย่างนี้

ถ้าตั้งต้นอย่างนี้แล้วหาทางคำนวณต่อไปว่า คงจะดับมันได้อย่างไร อย่างนั้นเป็นปรัชญาหมดแหละ ไม่เป็นพุทธศาสนา และจะไม่มีประโยชน์อะไรด้วย เอาไปทำเป็นปรัชญาเสีย

ดังนั้น ความทุกข์ของเราต้องไม่ใช่สมมติฐาน ไม่ใช่ที่เรียกว่า hypothesis ไม่ใช่ไอ้อันนั้น มันต้องมี ความทุกข์ที่ปรากฏอยู่กับเรา แผดเผาเราอยู่จริงๆ
ตั้งแต่เราเล็กๆ มา เราไม่ค่อยรู้จักมัน แต่เรารู้สึกได้ว่ามันมี มันเคยมี และมันได้มีเรื่อยๆ มา จนกระทั่งวันนี้ มันมีความทุกข์อยู่จริง ไอ้ความรู้สึกที่เป็นทุกข์อยู่จริงนี่ไม่ใช่สมมติ มันไม่ต้องสมมติ มันสมมติไม่ได้เพราะมันเป็นทุกข์อยู่จริง

นี่เอาตัวจริง เอาเข้ามาวางลงแล้ว ก็ดู ดู ดู ไม่ต้องคำนวณ ไม่ต้องคำนวณ ดู ดูด้วยปัญญา ดูด้วยตาสำหรับดู เห็นเหตุมันอย่างนั้น เห็นทางดับมันอย่างนั้น แล้วก็ปฏิบัติดับได้จริง นี่เลยเป็นวิทยาศาสตร์

พุทธทาสภิกขุ

ธรรมะทำไม? #หน้า_๑๕-๑๖

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🌿🌼🌿 ๒,๕๐๐ กว่าปีแล้ว นักวิทยาศาสตร์ยังยืนยันว่า พุทธศาสนา สอนอย่างมีหลักการ ที่เป็นจริงที่สุด "...ปัญญาของพระพุทธองค์“ อาตมาเห็นว่าเรื่อง ปัญญา นี้ เราไม่จำเป็นต้องไปเอาของฝรั่ง ซึ่งก็มีดีบ้าง เสียบ้าง แต่จะบอกว่า ระบบต่างๆ ปรัชญาต่างๆ ทั้งหมดของตะวันตก

ขอให้จำไว้ให้ดีว่า เป็นปรัชญาแนวความคิดของ “ปุถุชน” ไม่ใช่ปัญญาที่เกิดขึ้นกับ “พระพุทธเจ้า” คือ “ผู้ที่รู้โลกและชีวิตตามความเป็นจริง”

จะเห็นว่า..ระบบความคิดที่ถือว่าเฉียบแหลมที่สุดของฝรั่ง อย่างเช่น คาร์ลมาร์ค (Larl Marx) ของ ฟรอยด์ (Sigmund Freud) เป็นต้น ไม่กี่สิบปีก็ทิ้งทั้งหมด

แต่ของพระพุทธองค์เกือบทั้ง ๒,๕๐๐ กว่าปี ยังไม่มีนักวิทยาศาสตร์ที่ไหนที่สามารถพิสูจน์ได้ว่า คำสอนของพระพุทธเจ้าผิดพลาดคลาดเคลื่อนไปจากความเป็นจริงแม้แต่ข้อเดียว ๘,๔๐๐๐ พระธรรมขันธ์ มีข้อไหนที่ผิด ? ถ้าเราเทียบกับนักปราชญ์คนอื่น หรือศาสดาคนอื่น จะเห็นความแตกต่างอย่างชัดเจน

ในสมัยโบราณนั้น นักปราชญ์ที่มีชื่อเสียงมากที่สุดของโลกตะวันตกคงจะเป็นอริสโตเติ้ล ที่จริงหลักปรัชญาของอริสโตเติ้ลในระดับศีลธรรมหรือจริยธรรมก็น่าศึกษา เพราะมีบางสิ่งบางอย่าง หลายสิ่งหลายอย่างที่คล้ายกับคำสอนของพระพุทธเจ้า

แต่ถ้าเราอ่านปรัชญาของอริสโตเติ้ลทั้งหมด ก็คงจะเกิดความรู้สึกว่า หลายอย่างที่ว่าไม่ใช่ หรือว่ามีหลายอย่างที่คนปัจจุบันเชื่อไม่ได้(ไม่เข้ากับยุคสมัย) ยกตัวอย่าง ในการเขียนเรื่องหลักการเมือง ปรัชญาการเมือง อริสโตเติ้ลบอกว่า คนที่เกิดในโลกนี้มีสองอย่าง หรือว่าสองประเภท ประเภทหนึ่งคือ เจ้านาย เกิดแล้วพร้อมที่เป็นเจ้านาย อีกประเภทหนึ่งก็คือคนรับใช้ คือมีธรรมชาติอยู่แล้วว่าเกิดแล้วต้องเป็นคนรับใช้ ดังนั้น สังคมของเรามีคนรับใช้ไม่ใช่สิ่งผิดเลย มันเป็นสิ่งที่ถูกต้องอยู่แล้ว เพราะพวกนี้เกิดขึ้นเพื่อเป็นคนรับใช้ของเจ้านายทั้งหลาย **นี่คือความคิดของนักปราชญ์ที่เก่งที่สุดในโลกตะวันตก

อีกคนหนึ่ง เวลาต่อมาหลายร้อยปี คือ เดคาร์ด ซึ่งมีผลต่อสังคมตะวันตกมาก เดคาร์ต ถือว่า สัตว์ทั้งหลายไม่มีความน่าสงสาร ไม่มีความรู้สึก ถ้าสัตว์ร้องก็ไม่มีความหมาย

ตัวอย่างมีมากกว่านี้ แต่ถ้าเปรียบเทียบกับคำสอนของพระพุทธองค์ ในความรู้สึกของอาตมา ไม่มีที่ไหนที่เราจะบอกได้ว่า คำสอนนี้ล้าสมัยแล้ว แต่บางคนก็ยังถืออย่างนั้นอยู่เหมือนกัน (เช่น)ถือว่า คำสอนของพระพุทธเจ้าเกี่ยวกับเรื่องการเวียนว่ายตายเกิด เป็นเรื่องความเชื่อถือของคนในสมัยก่อน..."

🌸🌿 พระอาจารย์ชยสาโร 🌷 ที่มา :: คุยธรรมะกับพระฝรั่ง https://youtu.be/uAO7-2VUZXU

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สันทิฏฐิโกตัวกู_แก้ได้ด้วยสันทิฏฐิโกจริง

ตั้งแต่ครั้งพุทธกาลหรือก่อนพุทธกาล ก็มีคนถือว่ามันมีตัวกู - มีของกู,

ปรัชญาของพวกฝรั่ง ก็มีอยู่แขนงหนึ่ง หรือว่าพวกหนึ่ง ที่ถือเรื่องมีตัวกู ที่ว่าฉันคิด แล้วก็ฉะนั้นฉันมีอยู่, สูตรของเขาว่าอย่างนี้ คอกิโต, เออโกซุม, เป็นภาษาลาติน ออกเสียงอย่างไรก็ไม่รู้ อ่านตรง ๆอย่างภาษาอังกฤษเป็นอย่างนี้, cogito, ergo sum นั่นแหละ I think, therefore I exist. เพราะฉันคิดได้ ฉันจึงมีอยู่,นี้เขาก็พูดดีที่สุดแล้วว่า, ก็เราคิดนึกได้ เรารู้สึกคิดนึกอยู่ตลอดเวลา การที่คิดนึกได้นั้นมันต้องมี, มีเหตุผลหรือมีอะไรพอที่จะเป็นตัวฉัน, ฉันคิด ฉันมีอยู่ มีเท่านี้, มันมีสั้น ๆเท่านี้ เขาเรียกว่าปรัชญาของเดสคารด์, แล้วมันก็ไม่ใช่ของเดสคารด์ มันของคนทั้งโลก, กระทั่งในเมืองไทย กระทั่งพุทธบริษัท ในประเทศไทย ก็มีหลักอย่างนี้ : ฉันคิดได้ ฉันรู้สึกอยู่ว่าอย่างนั้น อย่างนี้ มันก็ต้องเป็นตัวฉัน มีตัวฉัน, มันช่วยไม่ได้
คนที่มีปัญญา มีอำนาจ มีเสรีภาพ จะต้องคิดอย่างนี้ทั้งนั้น, จะต้องถามอย่างนี้ทั้งนั้น
แล้วผมก็เคยประสบมามาก คนใหญ่คนโต เขาไม่อาจจะอ่านบทความของเราเข้าใจได้ ที่ว่าไม่มีตัวตน, เพราะรู้สึกแต่ว่า มีตัวตนอยู่ทุกทีไปตลอดเวลาด้วย นี้มันเป็นตัวอย่างที่ทำให้เห็นว่า… สันทิฏฐิโกของแต่ะละคนล้วนแต่เป็นตัวกู ทั้งนั้นแหละ, ถึงคนที่กำลังพูด เรื่องอนัตตาเรื่องอะไรอยู่ ก็มีสันทิฏฐิโกเป็นตัวกูทั้งนั้นแหละ, แล้วปากมันก็พูดเรื่องไม่ใช่ตัวกูหรือไม่มีตัวกู

ฉะนั้น จึงถือว่าเป็นเรื่องที่ยากลำบากที่สุดกว่าเรื่องใดหมด ในบรรดาเรื่องที่เกี่ยวกับอนัตตา ไม่ใช่ตน, หรือว่า หลักของพุทธศาสนา ก็แปลว่า คำสอนของพระพุทธเจ้าเรื่องนี้ ประสบปัญหาหนัก เพราะทุกคนรู้สึกเป็นตัวตนอยู่เรื่อย, เป็นสันทิฏฐิโกของตัวตนอยู่เรื่อยไปไม่ว่าที่ไหน

ทีนี้จะมาสอนกันอย่างไร ให้เกิดความรู้สึกกลับตรงกันข้าม ว่าไม่ใช่ตัวตน มันต้องเป็นเรื่องเฉพาะคนเฉพาะกรณีมากกว่า, จะพูดทีเดียวสำหรับทุกคนนี้ เข้าใจว่ามันเป็นไปไม่ได้, เราจะเทศน์ทีเดียวฟังกันทั้งหมด ทั้งหมู่ ทั้งประเทศนี้ มันแทบจะไม่มีประโยชน์อะไรเลย, มันเป็นเรื่องเฉพาะคน คนหนึ่ง ๆ เคยมีประสบการณ์อะไรมาแล้ว เคยคิดอะไรมาแล้ว ค้นอะไรมามากแล้ว ก็มาพูดกันให้เหมาะแก่ เรื่องของบุคคลนั้น ก็พอจะเห็น แต่ทีนี้มันมีเทคนิคหรือมันมีอุบายของธรรมชาติอยู่อันหนึ่ง ซึ่งจะเป็นหนทางออก อย่าลืมผมเคยบอกคุณที่เพิ่งบวชใหม่นี้ว่า ธรรมะทุกระบบเป็นอุบายทั้งนั้น

อย่าไปพูดว่าจริง หรือไม่จริง ไม่อะไรอย่าไปพูด, รู้จักมันแต่ว่ามันเป็นอุบายก็แล้วกัน ถ้ามันมีประโยชน์ก็ใช้ได้ แล้วแต่ละอุบายมันก็เป็นเทคนิคของธรรมชาติ, ไม่ใช่มนุษย์บัญญัติ คือว่าต้องเป็นอย่างนั้นลงไปก่อน ผลมันจึงจะเกิดขึ้นมาอย่างนี้, เรียกว่าเทคนิคของธรรมชาติดีกว่า ทีนี้มนุษย์ก็ไม่รู้อะไรมากไปกว่าแต่เพียงว่าเอ้อ, อันนี้มัน อาจจะเอามาใช้เป็นอุบายแก้ปัญหานี้ได้ ทีนี้อุบายหรือธรรมะที่เป็นนอุบายนี้ ที่จะมาแก้สันทิฏฐิโกของตัวกูนี้ มันก็มีอยู่, ไม่ใช่ไม่มี คุณฟังดูให้ดี ว่าทุกคนมันรู้สึก รู้สึกอยู่ในใจเอง แจ่มแจ้งว่า มีตัวกู มีของกู จะไปเปลี่ยนของเขาไม่ได้, จะไปจับเปลี่ยนอย่างไรได้ จะไปพูดอย่างอธิบายว่า โอ๊ย บังคับไม่ได้ เหมือนกับความฝันหรืออะไรต่าง ๆ นี้ มันก็พูดกันมาแล้ว แม้ในสูตร ในพระบาลีที่เป็นสูตร ก็พูดทำนองนี้ว่า
ถ้าเป็นตัวตน ตัวกู มันก็ต้องบังคับได้ตามต้องการซิ, เดี๋ยวนี้มันบังคับไม่ได้, เช่นจะบังคับรูป ว่ารูปจงเป็นอย่างนี้, เวทนาจงเป็นอย่างนี้, สัญญาจงเป็นอย่างนี้, อย่าเป็นอย่างอื่น นี้มันก็บังคับไม่ได้

เพราะฉะนั้น จึงถือว่าไม่ใช่ตัวกู แล้วมันก็เคยทำให้มีผู้บรรลุมรรคผลมาแล้ว เพราะคำพูดเพียงเท่านี้, แต่อย่าลืมว่า นั้นมันเฉพาะหมู่นั้นกรณีนั้นเท่านั้น กรณีอื่นมันเป็นไปไม่ได้ เห็นไหม ? ทีนี้มันมีอุบายอะไร ที่จะใช้ได้แก่ทุกคน ที่จะไปแก้สิ่งที่เหนียวแน่นที่สุด คือสันทิฏฐิโกแห่งตัวกูนี้ มันจะต้องอุบายทำนองว่า เผชิญกันจริง ๆ ให้มันเป็นสันทิฏฐิโก เข้าไปอีกอย่างหนึ่ง อีกเรื่องหนึ่ง คือว่ามีความรู้สึกเป็นตัวกูทีไรก็มีความทุกข์ทุกที, เราไม่พูดกันแล้วว่า เหตุไรจึงถือว่าเป็นอนัตตา จะไม่พูด, แต่ให้มาตั้งข้อสังเกต หรือว่าเผชิญกันเข้าไปจริง ๆ กับความรู้สึกว่า ถ้าความรู้สึกว่าตัวกูเกิดขึ้นมาทีไรแล้วก็เป็นทุกข์ทุกที

เอ้า, ใครกล้าดีลองดู ลองปล่อยให้ความคิด ที่เป็นตัวกู - ของกูเกิด มันเป็นทุกข์ทุกที
แล้วนี่คืออุบาย, ลองสร้างความคิดที่เป็นตัวกู - ของกูขึ้นมา หรือปล่อยให้ความคิดที่เป็นตัวกู - ของกูเกิดขึ้นมา มันเป็นความทุกข์ทุกที, มันเผาลนทุกที
เมื่อทำอยู่อย่างนี้มันเข็ด, มันรู้จักเข็ด, หรือมันเริ่มเข็ด เริ่มเอือม เริ่มระอา, นั่นแหละจึงจะรู้สึกว่า โอ๊ะ ไม่เอาแล้วโว้ย เรื่องตัวกู -ของกูนี้ไม่ไหว, เป็นเรื่องไม่ไหวขึ้นมา

นี้เราเอาสันทิฏฐิโกจริง ๆ ไปแก้สันทิฏฐิโกเท็จ ๆ, เอาสันทิฏฐิโกจริง ๆไปแก้สันทิฏฐิโกหลอกลวง
สันทิฏฐิโกแห่งตัวกูนั้น มันจริงสำหรับคนโง่ ที่ยังโง่อยู่ ยังไม่มีความเป็นพระอริยะสักนิดเดียว มันสันทิฏฐิโกว่าตัวกู, ตัวกูเรื่อย ทีนี้มันแก้ไม่ได้ดอก ถ้าไม่มีอะไรที่มันมีน้ำหนักเท่ากัน มีกำลังเท่ากัน มันแก้ไม่ได้ จะไปบิดกลับเหมือนกับพลิกหน้ามือเป็นหลังมือนี่ มันก็ทำไม่ได้, ไม่มีใครทำได้โดยวิธีพูด หรือโดยวิธีอะไร ต้องสร้างสันทิฏฐิโกเกี่ยวกับความทุกข์ขึ้นมา, สันฏฐิโกในความทุกข์ให้รู้รสของความทุกข์จริง ๆ แล้วก็ทุกครั้งที่มีตัวกู - ของกูเกิดขึ้นในใจ, โดยอาศัยหลักที่ว่า…

การเกิดทุกคราวเป็นทุกข์ทุกที การเกิดทุกคราวเป็นทุกข์ทุกที

การเกิดนี้หมายถึงเกิดขึ้นแห่งตัวกู ถ้าไม่มีตัวกูก็ไม่ถือว่าเป็นการเกิด, จะเป็นตัวกูชนิดไหนก็ตาม ถ้ามีขึ้นมาแล้วเรียกว่าเป็นการเกิด เกิดแห่งตัวเรา, นี้ก็รู้ผล รู้สึกในผลของการเกิดนี้ เกิดทุกทีเป็นทุกข์ทุกที : ตัวกูใหญ่ก็ทุกข์มาก, ตัวกูเล็กก็ทุกข์น้อย, ตัวกูยาวก็ทุกข์ยาว,เป็นต้น

ฉะนั้น วิธีปฏิบัติจึงได้แก่การทำความซึมซาบ realize อยู่กับเรื่องความทุกข์ ที่เกิดจากตัวกูนี้ตลอดเวลา, ที่เราเรียกว่า… ทำวิปัสสนา

พุทธทาสภิกขุ

ธรรมปาฏิโมกข์_เล่ม_๒ #หน้า_๔๗๓-๔๗๖

truthbetold #pyschology #mindset #science #siamstr

@ 52b4a076:e7fad8bd

I have been recently building NFDB, a new relay DB. This post is meant as a short overview.

Regular relays have challenges

Current relay software have significant challenges, which I have experienced when hosting Nostr.land: - Scalability is only supported by adding full replicas, which does not scale to large relays. - Most relays use slow databases and are not optimized for large scale usage. - Search is near-impossible to implement on standard relays. - Privacy features such as NIP-42 are lacking. - Regular DB maintenance tasks on normal relays require extended downtime. - Fault-tolerance is implemented, if any, using a load balancer, which is limited. - Personalization and advanced filtering is not possible. - Local caching is not supported.

NFDB: A scalable database for large relays

NFDB is a new database meant for medium-large scale relays, built on FoundationDB that provides: - Near-unlimited scalability - Extended fault tolerance - Instant loading - Better search - Better personalization - and more.

Search

NFDB has extended search capabilities including: - Semantic search: Search for meaning, not words. - Interest-based search: Highlight content you care about. - Multi-faceted queries: Easily filter by topic, author group, keywords, and more at the same time. - Wide support for event kinds, including users, articles, etc.

Personalization

NFDB allows significant personalization: - Customized algorithms: Be your own algorithm. - Spam filtering: Filter content to your WoT, and use advanced spam filters. - Topic mutes: Mute topics, not keywords. - Media filtering: With Nostr.build, you will be able to filter NSFW and other content - Low data mode: Block notes that use high amounts of cellular data. - and more

Other

NFDB has support for many other features such as: - NIP-42: Protect your privacy with private drafts and DMs - Microrelays: Easily deploy your own personal microrelay - Containers: Dedicated, fast storage for discoverability events such as relay lists

Calcite: A local microrelay database

Calcite is a lightweight, local version of NFDB that is meant for microrelays and caching, meant for thousands of personal microrelays.

Calcite HA is an additional layer that allows live migration and relay failover in under 30 seconds, providing higher availability compared to current relays with greater simplicity. Calcite HA is enabled in all Calcite deployments.

For zero-downtime, NFDB is recommended.

Noswhere SmartCache

Relays are fixed in one location, but users can be anywhere.

Noswhere SmartCache is a CDN for relays that dynamically caches data on edge servers closest to you, allowing: - Multiple regions around the world - Improved throughput and performance - Faster loading times

routerd

routerd is a custom load-balancer optimized for Nostr relays, integrated with SmartCache.

routerd is specifically integrated with NFDB and Calcite HA to provide fast failover and high performance.

Ending notes

NFDB is planned to be deployed to Nostr.land in the coming weeks.

A lot more is to come. 👀️️️️️️

@ 3bf0c63f:aefa459d

Redistributing Git with Nostr

Every time someone tries to "decentralize" Git -- like many projects tried in the past to do it with BitTorrent, IPFS, ScuttleButt or custom p2p protocols -- there is always a lurking comment: "but Git is already distributed!", and then the discussion proceeds to mention some facts about how Git supports multiple remotes and its magic syncing and merging abilities and so on.

Turns out all that is true, Git is indeed all that powerful, and yet GitHub is the big central hub that hosts basically all Git repositories in the giant world of open-source. There are some crazy people that host their stuff elsewhere, but these projects end up not being found by many people, and even when they do they suffer from lack of contributions.

Because everybody has a GitHub account it's easy to open a pull request to a repository of a project you're using if it's on GitHub (to be fair I think it's very annoying to have to clone the repository, then add it as a remote locally, push to it, then go on the web UI and click to open a pull request, then that cloned repository lurks forever in your profile unless you go through 16 screens to delete it -- but people in general seem to think it's easy).

It's much harder to do it on some random other server where some project might be hosted, because now you have to add 4 more even more annoying steps: create an account; pick a password; confirm an email address; setup SSH keys for pushing. (And I'm not even mentioning the basic impossibility of offering push access to external unknown contributors to people who want to host their own simple homemade Git server.)

At this point some may argue that we could all have accounts on GitLab, or Codeberg or wherever else, then those steps are removed. Besides not being a practical strategy this pseudo solution misses the point of being decentralized (or distributed, who knows) entirely: it's far from the ideal to force everybody to have the double of account management and SSH setup work in order to have the open-source world controlled by two shady companies instead of one.

What we want is to give every person the opportunity to host their own Git server without being ostracized. at the same time we must recognize that most people won't want to host their own servers (not even most open-source programmers!) and give everybody the ability to host their stuff on multi-tenant servers (such as GitHub) too. Importantly, though, if we allow for a random person to have a standalone Git server on a standalone server they host themselves on their wood cabin that also means any new hosting company can show up and start offering Git hosting, with or without new cool features, charging high or low or zero, and be immediately competing against GitHub or GitLab, i.e. we must remove the network-effect centralization pressure.

External contributions

The first problem we have to solve is: how can Bob contribute to Alice's repository without having an account on Alice's server?

SourceHut has reminded GitHub users that Git has always had this (for most) arcane git send-email command that is the original way to send patches, using an once-open protocol.

Turns out Nostr acts as a quite powerful email replacement and can be used to send text content just like email, therefore patches are a very good fit for Nostr event contents.

Once you get used to it and the proper UIs (or CLIs) are built sending and applying patches to and from others becomes a much easier flow than the intense clickops mixed with terminal copypasting that is interacting with GitHub (you have to clone the repository on GitHub, then update the remote URL in your local directory, then create a branch and then go back and turn that branch into a Pull Request, it's quite tiresome) that many people already dislike so much they went out of their way to build many GitHub CLI tools just so they could comment on issues and approve pull requests from their terminal.

Replacing GitHub features

Aside from being the "hub" that people use to send patches to other people's code (because no one can do the email flow anymore, justifiably), GitHub also has 3 other big features that are not directly related to Git, but that make its network-effect harder to overcome. Luckily Nostr can be used to create a new environment in which these same features are implemented in a more decentralized and healthy way.

Issues: bug reports, feature requests and general discussions

Since the "Issues" GitHub feature is just a bunch of text comments it should be very obvious that Nostr is a perfect fit for it.

I will not even mention the fact that Nostr is much better at threading comments than GitHub (which doesn't do it at all), which can generate much more productive and organized discussions (and you can opt out if you want).

Search

I use GitHub search all the time to find libraries and projects that may do something that I need, and it returns good results almost always. So if people migrated out to other code hosting providers wouldn't we lose it?

The fact is that even though we think everybody is on GitHub that is a globalist falsehood. Some projects are not on GitHub, and if we use only GitHub for search those will be missed. So even if we didn't have a Nostr Git alternative it would still be necessary to create a search engine that incorporated GitLab, Codeberg, SourceHut and whatnot.

Turns out on Nostr we can make that quite easy by not forcing anyone to integrate custom APIs or hardcoding Git provider URLs: each repository can make itself available by publishing an "announcement" event with a brief description and one or more Git URLs. That makes it easy for a search engine to index them -- and even automatically download the code and index the code (or index just README files or whatever) without a centralized platform ever having to be involved.

The relays where such announcements will be available play a role, of course, but that isn't a bad role: each announcement can be in multiple relays known for storing "public good" projects, some relays may curate only projects known to be very good according to some standards, other relays may allow any kind of garbage, which wouldn't make them good for a search engine to rely upon, but would still be useful in case one knows the exact thing (and from whom) they're searching for (the same is valid for all Nostr content, by the way, and that's where it's censorship-resistance comes from).

Continuous integration

GitHub Actions are a very hardly subsidized free-compute-for-all-paid-by-Microsoft feature, but one that isn't hard to replace at all. In fact there exists today many companies offering the same kind of service out there -- although they are mostly targeting businesses and not open-source projects, before GitHub Actions was introduced there were also many that were heavily used by open-source projects.

One problem is that these services are still heavily tied to GitHub today, they require a GitHub login, sometimes BitBucket and GitLab and whatnot, and do not allow one to paste an arbitrary Git server URL, but that isn't a thing that is very hard to change anyway, or to start from scratch. All we need are services that offer the CI/CD flows, perhaps using the same framework of GitHub Actions (although I would prefer to not use that messy garbage), and charge some few satoshis for it.

It may be the case that all the current services only support the big Git hosting platforms because they rely on their proprietary APIs, most notably the webhooks dispatched when a repository is updated, to trigger the jobs. It doesn't have to be said that Nostr can also solve that problem very easily.

@ 58537364:705b4b85

เสียงตะโกนของ “อิทัปปัจจยตา”

ทุกอย่างตะโกนคำว่า “อิทัปปัจจยตา” อยู่ตลอดเวลา

“ท่านทั้งหลายนั่งอยู่ที่นี่ แต่ไม่ได้ยินเสียงตะโกนที่ดังลั่นไปหมดของธรรมชาติว่า ‘อิทัปปัจจยตา’ เสียงตะโกนของอิทัปปัจจยตา คือการร้องบอกร้องตะโกนว่า ‘เพราะมีสิ่งนี้เป็นปัจจัย สิ่งนี้จึงเกิดขึ้น’ หมายความว่า ท่านต้องดูลงไปที่ทุกสิ่งที่อยู่รอบตัวเราในเวลานี้ว่า ทุกสิ่งกำลังเป็นอิทัปปัจจยตา หรือเป็นไปตาม ‘กฎอิทัปปัจจยตา’”

ต้นไม้ต้นนี้มีความเป็นไปตามกฎอิทัปปัจจยตา ไม่มีอะไรมาต้านทานได้ ถ้าเราเข้าใจข้อเท็จจริงที่กำลังเป็นอยู่กับต้นไม้ เราจะเหมือนได้ยินมันตะโกนบอกว่า “อิทัปปัจจยตา” ไม่มีอะไรมากไปกว่านั้น มันเพียงบอกว่า “เมื่อมีสิ่งนี้เป็นปัจจัย สิ่งนี้จึงเกิดขึ้น”

ต้นไม้ไม่ได้หยุดเพียงเท่านั้น มันมีการเปลี่ยนแปลงเกิดขึ้นเรื่อยๆ ใบไม้ทุกใบก็บอกอย่างนั้น คงเป็นเสียงที่ดังเหลือประมาณว่า ใบไม้ทุกใบร้องตะโกนว่า “อิทัปปัจจยตา”

ผู้มีปัญญาและเข้าใจหัวใจของพระพุทธศาสนา จะไปนั่งอยู่ที่ไหนก็ได้ยินเสียงตะโกนว่า “อิทัปปัจจยตา” สนั่นหวั่นไหวไปหมด นี่พูดถึงแค่ต้นไม้ต้นเดียว ถ้าเป็นต้นไม้จำนวนมากก็เป็นเช่นเดียวกัน

เมื่อมองไปที่ก้อนหิน ก้อนหินก็เป็นเช่นเดียวกัน อนุภาคของมันเปลี่ยนแปลงอยู่ตลอดเวลา ก้อนหินที่เราเห็นอาจเกิดขึ้นมาเมื่อหลายพันล้านปีมาแล้ว จนมันแตกสลายและถูกทำให้มาอยู่ตรงนี้ มันจึงกล่าวว่า “อิทัปปัจจยตา” เพราะมีสิ่งนี้เป็นปัจจัย ฉันจึงมานั่งอยู่ที่นี่

ทุกอย่างตะโกนคำว่า “อิทัปปัจจยตา” ตลอดเวลา

• ต้นไม้ เม็ดกรวด เม็ดทราย มด แมลง สัตว์ต่างๆ รวมถึงมนุษย์เอง
• แม้แต่ร่างกายของเราเองก็ตะโกนบอกถึงอิทัปปัจจยตา

แม้เราจะเคยได้ยินคำว่า “อนิจจัง ทุกขัง อนัตตา” อาการของสิ่งเหล่านี้ยิ่งสะท้อนถึงอิทัปปัจจยตาอย่างชัดเจน

ดังนั้น เราต้องทำความเข้าใจจนซึมซาบอยู่ในใจ จนรู้สึกว่าไม่ว่าเราจะมองไปทางไหน ก็เห็นถึงภาวะของ อิทัปปัจจยตา ได้ยินเสียงของมัน หรือแม้แต่สัมผัสผ่านการดมกลิ่นและลิ้มรส

เมื่อเข้าใจสิ่งนี้ จะสามารถเรียกผู้นั้นว่า ‘เป็นพุทธบริษัทผู้เห็นธรรม’
สามารถเห็นกิเลสและทุกข์ แล้วป้องกันหรือกำจัดกิเลสและทุกข์ให้น้อยลงไปได้มากทีเดียว

— พุทธทาสภิกขุ
(จากหนังสือธรรมบรรยาย “อิทัปปัจจยตา” หน้า 131–133)

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อิทัปปัจจยตา: กฎอันเฉียบขาดตลอดจักรวาล

“อิทัปปัจจยตา” เป็นกฎของธรรมชาติที่ไม่อาจเปลี่ยนแปลง

คำว่า “อิทัปปัจจยตา” อาจเป็นคำที่ไม่คุ้นหู แต่ขอให้สนใจ เพราะมันเป็นกฎของธรรมชาติที่แน่นอนตลอดจักรวาลและอนันตกาล

• สิ่งนี้เกิดขึ้น เพราะมีเหตุปัจจัยนี้
• สิ่งนี้มี เพราะสิ่งนี้มี
• ดวงอาทิตย์ ดวงจันทร์ ดวงดาว ทุกอย่างล้วนเกิดขึ้นตามกฎของ “อิทัปปัจจยตา”

เมื่อทำสิ่งนี้ มันต้องเกิดสิ่งนั้นขึ้น
เมื่อทำสิ่งนี้ มันต้องเกิดทุกข์ขึ้น
เมื่อทำสิ่งนี้ มันต้องเกิดความดับทุกข์ขึ้น

นี่คือปรมัตถธรรมอันสูงสุด ไม่มีสัตว์ ไม่มีบุคคล ไม่มีพระเจ้าที่เป็นตัวตน
มีเพียง กฎอิทัปปัจจยตา ที่เป็นกฎของธรรมชาติอันเฉียบขาด

พระพุทธเจ้าตรัสรู้ ก็คือ ตรัสรู้เรื่อง “อิทัปปัจจยตา”

เรามักเรียกกันว่า “ปฏิจจสมุปบาท” ซึ่งหมายถึงเฉพาะเรื่องทุกข์ของสิ่งมีชีวิต แต่ “อิทัปปัจจยตา” กว้างขวางกว่านั้น ทุกสิ่งไม่ว่าจะมีชีวิตหรือไม่มีชีวิตล้วนตกอยู่ใต้อำนาจของกฎนี้

กฎของอิทัปปัจจยตาไม่ใช่ฝ่ายบวกหรือฝ่ายลบ
- ไม่ใช่ Positive
- ไม่ใช่ Negative
- เป็น “สายกลาง” ของมันเอง

คนเราต่างหากที่ไปบัญญัติว่า “นี่คือสุข นี่คือทุกข์ นี่คือแพ้ นี่คือชนะ”
แต่แท้จริงแล้ว ทุกอย่างเป็นไปตามอิทัปปัจจยตา

ความเข้าใจในปรมัตถธรรมต้องไปให้ถึงจุดนี้

• จนไม่มีสัตว์ ไม่มีบุคคล
• ไม่ใช่สัตว์ ไม่ใช่บุคคล
• แต่ก็ไม่ใช่ว่าไม่มีอะไรเลย และก็ไม่ได้มีสิ่งใดที่ตายตัว

ทุกอย่างเป็นเพียง กระแสของการเปลี่ยนแปลงและปรุงแต่ง

เมื่อเข้าใจถึงจุดนี้ จึงจะรู้อย่างที่พระพุทธเจ้าท่านรู้ และดับทุกข์ได้
นี่คือสิ่งสูงสุดที่ต้องเคารพ คือ กฎของ “อิทัปปัจจยตา”

— พุทธทาสภิกขุ
(จากธรรมบรรยายประจำวันเสาร์ ภาคอาสาฬหบูชา ชุด “ฟ้าสางระหว่าง 50 ปีที่มีสวนโมกข์” ครั้งที่ 19 เมื่อวันที่ 13 สิงหาคม 2526 ณ ศาลามหานาวา สวนโมกขพลาราม จากหนังสือ “ธรรมานุภาพ”)

@ 91bea5cd:1df4451c

A Realidade por Trás dos Números

Padrão de Desagregação Familiar

• Países como Brasil (~55%) e Venezuela (~65%) apresentam não apenas altos índices de mães solo, mas também contextos de violência descontrolada.
• A desagregação da família nuclear tradicional não é causa única, mas é fator agravante quando associada à instabilidade cultural, abandono paterno e permissividade institucional.
• Homens ausentes e baixa exigência de responsabilidade paterna geram ciclos de pobreza, violência e ressentimento intergeracional.

Cultura da Irresponsabilidade

• Em muitos contextos, a paternidade é tratada como um ato opcional. A ausência de consequências legais, sociais e morais para o abandono paterno normaliza o ciclo de mães solteiras.
• Políticas públicas mal calibradas muitas vezes premiam o fracasso familiar com benefícios, sem exigir contrapartidas.

Inversão de Valores

• A valorização de comportamentos hedonistas, imediatistas e instáveis, promovidos culturalmente, mina qualquer tentativa de reconstrução familiar sólida.
• Em muitos casos, a maternidade é enfrentada sem planejamento ou estrutura mínima, gerando famílias instáveis e frágeis, mais propensas à violência e vulnerabilidade social.

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Recomendações Realistas e Não Assistencialistas

Reforço da Responsabilidade Paterna

• Criar mecanismos legais mais rigorosos e efetivos de responsabilização civil e criminal para pais ausentes.
• Estimular socialmente o resgate do papel paterno, valorizando não apenas a presença física, mas o compromisso emocional e financeiro.

Incentivo à Formação Familiar Estável

• Reformar o currículo escolar para incluir educação sobre vínculos afetivos, responsabilidade conjugal e parentalidade realista.
• Desestimular a glamorização de estruturas familiares instáveis, combatendo a ideia de que qualquer forma familiar é igualmente funcional sob qualquer condição.

Cultura da Autossuficiência e Planejamento

• Substituir políticas puramente assistenciais por programas de incentivo ao planejamento familiar e responsabilidade pessoal, com foco na autonomia financeira e educacional antes da maternidade/paternidade.
• Campanhas públicas de conscientização sobre os impactos reais da desestrutura familiar na violência social e no desenvolvimento infantil.

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O aumento da violência em países com alta proporção de mães solteiras não é uma coincidência, mas uma consequência de fatores culturais e sociais profundamente negligenciados.

Reverter esse cenário não exige mais Estado, mas sim mais responsabilidade individual, mais cobrança social e menos permissividade institucional. Qualquer solução duradoura passa por restaurar o valor da família como núcleo formador de caráter e estabilidade, não apenas como estatística para justificar políticas públicas.

@ 472f440f:5669301e

While most of the world is focused on the lead up to the Presidential election here in the US and louder war drums being beat across the world, the number of bullish developments that are stacking up for bitcoin is increasing rapidly. These developments deserve the OG Marty's Bent smorgasbord treatments, so here are the things that have caught my attention over the last week in no particular order.

The First Ark Transactions on Bitcoin Mainnet

I had the pleasure of participating in a demo of Second's Ark protocol implementation. For those who are unaware, Ark is a new layer-two protocol solution for making off-chain bitcoin payments. Unlike the lightning network, Ark doesn't depend on liquidity channels to facilitate payments. Within the lightning network two counterparties share UTXOs within a channel to move sats back and forth, nodes connect to many different channels to create a network effect that increases the chance of payments getting routed successfully, and node operators manage their channel liquidity as channel imbalances emerge.

Ark is similar in the sense that it also leverages a shared UTXO model. However, instead of having one-to-one channels that come with liquidity management issues, Ark enables a large amount of individuals to share UTXOs, which are managed by an Ark Service Provider (ASP). The ASP is a central party within the protocol, but it is a central party that does not custody UTXOs. It only coordinates the transfer of sats between Ark "rounds". Users have the ability to unilaterally exit the second-layer protocol whenever they deem necessary by broadcasting a Virtual UTXO (vtxo) transaction.

This may seem daunting and complicated. All you need to know is that there is now an new way to make off-chain bitcoin payments that are fast and relatively cheap and it is possible today. As it stands today, Ark has some scaling limitations that can be solved if covenants get merged into the bitcoin protocol, which would significantly reduce the data requirements for signing this type of transaction.

It should also be noted that Ark isn't here to replace the lightning network. It can help serve different use cases and, at the same time, significantly improve the UX of the lightning network. Particularly channel management. The progression of the Ark protocol is a welcomed development. I look forward to following what's going on with Ark as the protocol matures.

The Kingdom of Bhutan is Stacking A LOT of Sats

We were made aware of the fact that the Kingdom of Bhutan, a small country in the Himalayas with a population less than 1,000,000 people, was mining bitcoin in early 2023 when their sovereign wealth fund was doxxed in the bankruptcy proceedings of BlockFi and Celsius. Don't look now, but Bhutan has been doxxed again, this time by the chain surveillance firm Arkham, which is reporting that the nation currently holds more than 13,000 bitcoin, which is nearly 1/3 of its GDP. Driven predominately by its mining operations, which have expanded significantly over the last two years in an attempt to monetize the country's excess hydroelectric power.

While we're not big fans of doxxing here at TFTC, we are fans of the game theory of bitcoin playing out in front of our eyes. And the Kingdom of Bhutan is a shining example of the game theory bitcoiners have been talking about for 15 years playing out perfectly.

Bitcoin is a very thorny topic for individuals at every layer of society. At the individual layer, people have to independently decide that bitcoin is a better money and they have to actively decide to store their wealth in it instead of other assets. For companies, the decision to use bitcoin as the preferred savings vehicle is even harder because most businesses have multiple stakeholders that need to align on a decision before making it. When you move up to the nation state level, the complexity of making the decision to add bitcoin as a strategic reserve asset gets even harder. Many more people and different branches of government need to agree and pass bills (in most cases) before bitcoin can ever make it into a nation's treasury asset mix.

It has long been said within bitcoin circles that individuals who have the ability to think independently, companies that have a lean corporate structure, and nation states with little to lose will be the first movers into bitcoin. And they will benefit massively over the long-run for being early.

If you're an individual reading this who is using bitcoin as their money of choice, you are one of these early movers. Microstrategy under Michael Saylor, who has the ability to make somewhat unilateral decisions due to the company's share structure, is an early move. And, Bhutan, a small nation in the Himalaya mountains with a sovereign wealth fund that seems to have the ability to take risk, is an early mover. With little to lose and greatness to gain, Bhutan is giving other small nation states the playbook for leap frogging the competition in the digital age. Stack a shit ton of bitcoin on the DL, hold on to it for a considerable amount of time, and wake up one day as an economic powerhouse.

The Fed Cuts Rates by 50 Basis Points

I'm sure all of you are well aware at this point. Last week the Federal Reserve made it's first rate cuts in over four years when it cut the fed funds target rate by 0.50% to 4.75-5.00%. With the economy reeling despite what the official government and mainstream narrative may try to make you believe, Jerome Powell and crew have decided it is time to ease up on their monetary policy.

Put another way, inflation is likely to come back with a vengeance as easy money begins to reenter the economy. To be clear, a lower fed funds rate doesn't technically necessitate that newly printed dollars enter the economy like they have over the last 15 years via operations like quantitative easing. However, one has to imagine that the Fed sees some sort of liquidity crisis on the horizon that requires them to begin cutting rates. And not only cutting, but cutting at a pace that was very low probability only a couple of months ago. The consensus in the middle of the Summer was that the Fed would begin lowering rates with a modest 25bps cut this month. They doubled that.

It's probably safe to assume that something is approaching a breaking point on the back end of the financial system. One only has to look at record high credit card debt, record low savings rates, the state of the job market for native born Americans, and the continued turn over of commercial real estate markets to see that not all is well in the American economy. Your Uncle Marty's spidey senses are signaling that a liquidity crunch is likely lurking around the corner. When it does rear its ugly head, you can expect quantitative easing to make a big come back.

When money printer goes brrr, bitcoin goes berserk.

It seems that the Treasury's move over the last 18-months of over-indexing on the front end of the curve during their auctions is already having an expansionary effect on M2 as it has officially entered expansion territory for the first time since 2022. Hold on to your butts, freaks.

Bitcoin's fundamentals are only getting stronger as time goes on. This is evidenced by continued improvement to the protocol stack via second layer protocols, continued adoption by reputable actors like the Kingdom of Bhutan, and the continued mismanagement of the fiat monetary system.

The price of bitcoin has been range bound since the Spring and it has lulled the market into a state of boredom. Enjoy the boring period while it lasts. All signs are pointing to a bitcoin bull run the likes of which the world hasn't seen before. There is a lot of tinder, it is extremely dry, and there are flame throwers on the horizon.

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Final thought... Nothing makes me happier than meeting someone who gets value from this newsletter or the podcasts in the wild. Love you, freaks.

@ ffbcb706:b0574044

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@ 472f440f:5669301e

As I'm sure many of you are aware already, Israel executed an attack on thousands of Hezbollah members in Lebanon earlier today. At the moment, it looks like Israel successfully waged a supply chain attack on the pagers used by Hezbollah members. Intercepting the devices and placing highly explosive material on the batteries that could be triggered remotely by raising the temperature of the batteries.

To my knowledge, this is the first time an attack of this nature and of this scale has ever been waged. This is a very serious and dangerous precedent that should make anyone reading this think long and hard about the ramifications of the normalization of this type of warfare.

It's not clear to me yet whether this is exactly what happened, but this seems to be where all of the reports are pointing. And when you consider the scale of this operation, it is hard to think of alternative ways that this could have been achieved outside of corrupting the supply chain of this particular pager. Regardless, the die has been cast and remote detonation attacks in crowded civilian areas has been battle tested as an appropriate war tactic.

Not only does this set a terrible precedent for war, but it also begs the question; if they can do something like this with a relatively dumb pager, how much damage could they do with something like an iPhone? How vulnerable are the billions of people who hold smartphones in their pockets, or drive internet connected electric vehicles with lithium ion batteries? How trivial was it for Mossad to gain access to these devices and at what part of the supply chain? Now that this attack has been deemed to be "on the table" how long will it take before others begin to wage similar attacks?

War tactics and their costs are rapidly changing right before our eyes. The war between Russia and Ukraine is showing that low cost drones strapped with bombs can be very effective weapons that can do damage to military equipment worth anywhere between tens of millions to billions of dollars. The Houthi rebels have used cheap drones to completely disrupt the Suez Canal for the better part of a year. The world has only seen the tip of the iceberg in regards to how this type of technology can be used at scale to tip the leverage of power towards those with less financial resources, but a willingness to engage in kinetic conflict. Some of these drones are strapped with thermite flame throwers!

Now that new information has been brought to the market - you can turn pagers and (likely) cellular phones into a network of improvised explosive devices via a software push that increases the temperature of the devices' batteries - it is only a matter of time before others figure out how to do it and begin using these tactics themselves. War machines have never been easier and cheaper to deploy. In a world that is becoming increasingly fractured and angry, this is absolutely frightening. Asymmetric warfare as predicted in the Sovereign Individual is upon us.

As it relates to bitcoin hardware, these attacks highlight that an attack that has been long talked about in the industry but not yet exploited to the best of our knowledge is very real. Supply chain attacks, particularly on bitcoin signing devices that store private key information, have just been proven to be very possible by motivated state actors. If a nation state wanted to somehow "prove" that bitcoin is insecure or figure out a low effort way to do a mass confiscation of bitcoin all they have to do is successfully attack the supply chain of a hardware manufacturer, corrupt the devices, and let them flow to the hands of individuals who believe they are securing their bitcoin in the best way possible. The best way to mitigate this risk is to hold you bitcoin in a multi-sig wallet using a quorum of keys produced by different hardware produced by different manufacturers. Companies like Unchained make this process as seamless and possible and supply chain attacks like the one that was laid bare today highlight why these collaborative custody models are so important. Especially if you are holding a large amount of wealth in bitcoin.

This is a sad day for the world. I'll be praying for peace and sanity to prevail.

Final thought... That was a terrible loss by the Birds.

@ 40b9c85f:5e61b451

Introduction

Data Vending Machines (DVMs) have emerged as a crucial component of the Nostr ecosystem, offering specialized computational services to clients across the network. As defined in NIP-90, DVMs operate on an apparently simple principle: "data in, data out." They provide a marketplace for data processing where users request specific jobs (like text translation, content recommendation, or AI text generation)

While DVMs have gained significant traction, the current specification faces challenges that hinder widespread adoption and consistent implementation. This article explores some ideas on how we can apply the reflection pattern, a well established approach in RPC systems, to address these challenges and improve the DVM ecosystem's clarity, consistency, and usability.

The Current State of DVMs: Challenges and Limitations

The NIP-90 specification provides a broad framework for DVMs, but this flexibility has led to several issues:

1. Inconsistent Implementation

As noted by hzrd149 in "DVMs were a mistake" every DVM implementation tends to expect inputs in slightly different formats, even while ostensibly following the same specification. For example, a translation request DVM might expect an event ID in one particular format, while an LLM service could expect a "prompt" input that's not even specified in NIP-90.

2. Fragmented Specifications

The DVM specification reserves a range of event kinds (5000-6000), each meant for different types of computational jobs. While creating sub-specifications for each job type is being explored as a possible solution for clarity, in a decentralized and permissionless landscape like Nostr, relying solely on specification enforcement won't be effective for creating a healthy ecosystem. A more comprehensible approach is needed that works with, rather than against, the open nature of the protocol.

3. Ambiguous API Interfaces

There's no standardized way for clients to discover what parameters a specific DVM accepts, which are required versus optional, or what output format to expect. This creates uncertainty and forces developers to rely on documentation outside the protocol itself, if such documentation exists at all.

The Reflection Pattern: A Solution from RPC Systems

The reflection pattern in RPC systems offers a compelling solution to many of these challenges. At its core, reflection enables servers to provide metadata about their available services, methods, and data types at runtime, allowing clients to dynamically discover and interact with the server's API.

In established RPC frameworks like gRPC, reflection serves as a self-describing mechanism where services expose their interface definitions and requirements. In MCP reflection is used to expose the capabilities of the server, such as tools, resources, and prompts. Clients can learn about available capabilities without prior knowledge, and systems can adapt to changes without requiring rebuilds or redeployments. This standardized introspection creates a unified way to query service metadata, making tools like grpcurl possible without requiring precompiled stubs.

How Reflection Could Transform the DVM Specification

By incorporating reflection principles into the DVM specification, we could create a more coherent and predictable ecosystem. DVMs already implement some sort of reflection through the use of 'nip90params', which allow clients to discover some parameters, constraints, and features of the DVMs, such as whether they accept encryption, nutzaps, etc. However, this approach could be expanded to provide more comprehensive self-description capabilities.

1. Defined Lifecycle Phases

Similar to the Model Context Protocol (MCP), DVMs could benefit from a clear lifecycle consisting of an initialization phase and an operation phase. During initialization, the client and DVM would negotiate capabilities and exchange metadata, with the DVM providing a JSON schema containing its input requirements. nip-89 (or other) announcements can be used to bootstrap the discovery and negotiation process by providing the input schema directly. Then, during the operation phase, the client would interact with the DVM according to the negotiated schema and parameters.

2. Schema-Based Interactions

Rather than relying on rigid specifications for each job type, DVMs could self-advertise their schemas. This would allow clients to understand which parameters are required versus optional, what type validation should occur for inputs, what output formats to expect, and what payment flows are supported. By internalizing the input schema of the DVMs they wish to consume, clients gain clarity on how to interact effectively.

3. Capability Negotiation

Capability negotiation would enable DVMs to advertise their supported features, such as encryption methods, payment options, or specialized functionalities. This would allow clients to adjust their interaction approach based on the specific capabilities of each DVM they encounter.

Implementation Approach

While building DVMCP, I realized that the RPC reflection pattern used there could be beneficial for constructing DVMs in general. Since DVMs already follow an RPC style for their operation, and reflection is a natural extension of this approach, it could significantly enhance and clarify the DVM specification.

A reflection enhanced DVM protocol could work as follows: 1. Discovery: Clients discover DVMs through existing NIP-89 application handlers, input schemas could also be advertised in nip-89 announcements, making the second step unnecessary. 2. Schema Request: Clients request the DVM's input schema for the specific job type they're interested in 3. Validation: Clients validate their request against the provided schema before submission 4. Operation: The job proceeds through the standard NIP-90 flow, but with clearer expectations on both sides

Parallels with Other Protocols

This approach has proven successful in other contexts. The Model Context Protocol (MCP) implements a similar lifecycle with capability negotiation during initialization, allowing any client to communicate with any server as long as they adhere to the base protocol. MCP and DVM protocols share fundamental similarities, both aim to expose and consume computational resources through a JSON-RPC-like interface, albeit with specific differences.

gRPC's reflection service similarly allows clients to discover service definitions at runtime, enabling generic tools to work with any gRPC service without prior knowledge. In the REST API world, OpenAPI/Swagger specifications document interfaces in a way that makes them discoverable and testable.

DVMs would benefit from adopting these patterns while maintaining the decentralized, permissionless nature of Nostr.

Conclusion

I am not attempting to rewrite the DVM specification; rather, explore some ideas that could help the ecosystem improve incrementally, reducing fragmentation and making the ecosystem more comprehensible. By allowing DVMs to self describe their interfaces, we could maintain the flexibility that makes Nostr powerful while providing the structure needed for interoperability.

For developers building DVM clients or libraries, this approach would simplify consumption by providing clear expectations about inputs and outputs. For DVM operators, it would establish a standard way to communicate their service's requirements without relying on external documentation.

I am currently developing DVMCP following these patterns. Of course, DVMs and MCP servers have different details; MCP includes capabilities such as tools, resources, and prompts on the server side, as well as 'roots' and 'sampling' on the client side, creating a bidirectional way to consume capabilities. In contrast, DVMs typically function similarly to MCP tools, where you call a DVM with an input and receive an output, with each job type representing a different categorization of the work performed.

Without further ado, I hope this article has provided some insight into the potential benefits of applying the reflection pattern to the DVM specification.

@ bbef5093:71228592

Nukleáris politika – 2025. május 12. | Szerző: David Dalton

Lengyelország és Franciaország nukleáris szerződést ír alá, Macron új építési szerződéseket céloz

Lengyelország és Franciaország olyan szerződést kötött, amely együttműködést irányoz elő a polgári nukleáris energia szektorban, miközben Párizs reménykedik abban, hogy Varsótól jövedelmező új atomerőmű-építési szerződéseket nyer el.

A szerződés közös tevékenységeket tartalmaz, amelyek célja a nukleáris energia előnyeinek kihasználása az európai ipar dekarbonizációja érdekében.

A két ország együtt kíván működni a nukleáris fűtőanyag-ellátás biztonságának megerősítésében is.

Európa szeretné kizárni Oroszországot a nukleáris fűtőanyag-piacáról, de az Euratom Ellátási Ügynökség (ESA) legfrissebb éves jelentése szerint 2023-ban nőtt az Oroszországból származó természetes urán szállítása, mivel az uniós szolgáltatók készleteket halmoztak fel az orosz tervezésű VVER atomerőművekhez.

Az ESA, amely az európai nukleáris anyagok rendszeres és méltányos ellátásáért felelős, közölte, hogy az uniós szolgáltatók tovább diverzifikálják nukleáris fűtőanyag-beszerzéseiket, különösen a VVER reaktorokhoz, hogy csökkentsék a „egy forrásból származó vagy magas kockázatú” ellátásoktól való függést.

„Majdnem minden olyan ország, amely orosz tervezésű reaktorokat üzemeltet, halad az alternatív fűtőanyagok engedélyeztetésében, és ígéretes fejlemények várhatók a közeljövőben” – közölte az ESA.

Az EU-ban jelenleg 19 VVER reaktor működik, köztük négy 1000 MW-os Bulgáriában és Csehországban, valamint tizenöt 440 MW-os Csehországban, Finnországban, Magyarországon és Szlovákiában.

A jelentések szerint a francia–lengyel nukleáris szerződés különösen fontos a francia állami EDF energetikai vállalat számára, amely még mindig reménykedik abban, hogy részt vehet Lengyelország ambiciózus atomerőmű-építési programjában, annak ellenére, hogy az első új építésű projekt tenderét az amerikai Westinghouse nyerte el Pomeránia északi tartományában.

Franciaország ambiciózus reaktorépítési tervei

Franciaország maga is nagyszabású nukleáris fejlesztési terveket dédelget: a kormány nemrégiben felkérte az EDF-et, hogy gyorsítsa fel a hat új generációs EPR2 atomerőmű megépítésének előkészítését.

Az EDF kezdetben három EPR2 párost tervez: az elsőt Penlyben, majd egyet-egyet a Gravelines-i atomerőmű telephelyén (Calais közelében), illetve vagy Bugey-ben (Lyon keleti részén), vagy Tricastinban (Lyon és Avignon közelében).

A nukleáris szerződés aláírását megelőzte egy másik szerződés is, amely a két szövetséges közötti kapcsolatok elmélyítését, valamint kölcsönös biztonsági garanciákat is tartalmaz háború esetére.

Donald Tusk lengyel miniszterelnök, aki Emmanuel Macron francia elnökkel együtt írta alá a biztonsági dokumentumot, „áttörésnek” nevezte a szerződést, kiemelve, hogy csak Németországnak van hasonló biztonsági paktuma Franciaországgal, és ez Lengyelországot „egyenrangú partnerként” helyezi nyugati szövetségesei közé.

Macron eközben úgy fogalmazott, hogy a szerződés „új korszakot nyit” nemcsak Lengyelország és Franciaország, hanem egész Európa számára. „Bresttől Krakkóig Európa együtt áll ki” – mondta a francia elnök.

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Nukleáris politika – 2025. május 12. | Szerző: David Dalton

Trump csapata a nukleáris erőművek építésének felgyorsítását tervezi

A Trump-adminisztráció tisztviselői végrehajtási rendeleteket készítenek elő, amelyek célja az atomerőművek jóváhagyásának és építésének felgyorsítása az Egyesült Államokban – számolt be róla a sajtó.

Az erőfeszítés, amelyet egy kormányzati tisztviselő és más, az egyeztetéseket ismerő személyek írtak le, még folyamatban van. Az elnök még nem hagyta jóvá a tervezetet – mondta az egyik forrás, aki névtelenséget kért, mivel hivatalos bejelentés még nem történt. Az amerikai Axios hírportál és a New York Times is beszámolt az egyeztetésekről.

Trump és kormányának tisztviselői többször hangsúlyozták a bőséges, olcsó villamos energia fontosságát az energiaigényes mesterséges intelligencia ipar számára, amely segítheti az Egyesült Államokat abban, hogy megnyerje a feltörekvő technológia globális versenyét.

„Meg kell nyernünk az MI-versenyt, és ebben vezetnünk kell – ehhez pedig sokkal több energiára lesz szükség” – mondta Chris Wright energiaügyi miniszter múlt hónapban egy kabinetülésen Trump társaságában.

Az elnök már hivatalosan is energia-vészhelyzetet hirdetett, nemzeti és gazdasági biztonsági szempontokra hivatkozva annak érdekében, hogy gyorsítsa az erőművek, csővezetékek és elektromos távvezetékek építését az országban.

A szóban forgó tervezetek célokat tűznének ki az atomerőművek gyors országos építésére, illetve az amerikai nukleáris ipar vezető szerepének visszaállítására.

Legalább az egyik intézkedés a Nukleáris Szabályozási Bizottságnál (NRC) vezetne be változtatásokat, amelyek gyorsíthatják az erőműtervek, köztük az új kis moduláris reaktorok (SMR-ek) engedélyezését.

Wright nemrégiben úgy nyilatkozott, hogy az új reaktorblokkok építésének legnagyobb akadálya az Egyesült Államokban a szabályozás volt.

Az elképzelés részeként akár katonai létesítményekre is telepíthetnek majd atomerőműveket, valószínűleg mikroreaktorok vagy SMR-ek formájában.

Jelenleg az Egyesült Államokban nincs kereskedelmi atomerőmű építés alatt. Az utolsó két üzembe helyezett blokk a georgiai Vogtle-3 és Vogtle-4 volt, 2023-ban és 2024-ben.

Előrehaladott tervek vannak a michigani Palisades atomerőmű újraindítására. Ha megvalósul, ez lenne az első olyan, korábban leállított amerikai atomerőmű, amely ismét működésbe lép.

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Új építések – 2025. május 12. | Szerző: David Dalton

Vietnam és Oroszország tárgyalásokat kezd atomerőmű-építésről

Vietnam és Oroszország megállapodott abban, hogy tárgyalásokat folytatnak és szerződéseket írnak alá kereskedelmi atomerőművek építéséről Vietnamban – közölték a két ország egy közös nyilatkozatban.

„Az erőművek fejlesztése korszerű technológiával szigorúan megfelel majd a nukleáris és sugárbiztonsági előírásoknak, és a társadalmi-gazdasági fejlődést szolgálja” – áll a közleményben, amely a vietnami vezető, To Lam moszkvai látogatása után jelent meg.

Az orosz állami atomenergetikai vállalat, a Roszatom szerint a látogatás „az együttműködés új szakaszát” jelenti – egy nagy atomerőmű építését Délkelet-Ázsiában.

A Roszatom felajánlotta Vietnámnak a VVER-1200 nyomottvizes reaktor technológiáját, amelyből kettő már működik az oroszországi Novovoronyezs 2 atomerőműben, és kettő Fehéroroszországban.

A Roszatom közölte, hogy további tárgyalásokra van szükség a vietnami atomerőmű műszaki és pénzügyi feltételeinek tisztázásához, de hozzátette: „ezek a tárgyalások ma [május 10-én] megkezdődtek”.

A Roszatom arról is beszámolt, hogy Alekszej Lihacsov vezérigazgató és Nguyen Manh Hung vietnami tudományos és technológiai miniszter aláírt egy nukleáris energia ütemtervet.

Az ütemterv tartalmazza egy nukleáris tudományos és technológiai központ lehetséges megépítését, fűtőanyag-szállítást a dél-vietnami Dalat kutatóreaktorhoz, Vietnam részvételét Oroszország IV. generációs MBIR többcélú gyorsneutronos kutatóreaktor projektjében, valamint vietnami szakemberek képzését.

Vietnamnak jelenleg egy kutatóreaktora van Dalatban, és egy másik is tervben van. A Roszatom nem közölte, melyikre gondolt.

A múlt hónapban Vietnam elfogadta a nemzeti energiastratégia módosított változatát, amely 2030-ig 136 milliárd dollárt irányoz elő az energiaellátás hosszú távú biztonságának megerősítésére, és először szerepel benne az atomenergia.

Vietnam azt szeretné, ha első atomerőművei 2030 és 2035 között lépnének üzembe. A beépített nukleáris kapacitás várhatóan 4–6,4 GW lesz, ami körülbelül 4–6 nagy atomerőműnek felel meg.

A kormány szerint további 8 GW nukleáris kapacitás kerül majd a mixbe az évszázad közepéig.

Vietnam már 2009-ben is tervezett két atomerőművet, de a Nemzetgyűlés 2016-ban költségvetési okokból elutasította a javaslatot.

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Új építések – 2025. május 12. | Szerző: David Dalton

Az NRC engedélyt adott az „energia-sziget” munkálatokra a TerraPower wyomingi atomerőművénél

Az Egyesült Államok Nukleáris Szabályozási Bizottsága (NRC) mentességet adott a TerraPower Natrium demonstrációs atomerőművének wyomingi Kemmererben, lehetővé téve a vállalat számára bizonyos „energia-sziget” tevékenységek folytatását, miközben a hatóságok tovább vizsgálják az építési engedély iránti kérelmet.

Az energia-sziget a tervezett Natrium atomerőműben a felesleges hő tárolására szolgál majd, hogy csúcsterhelés idején növelje az áramtermelést.

Az NRC szerint az energia-szigethez kapcsolódó bizonyos tevékenységek engedélyezése nem jelent indokolatlan kockázatot a közegészségre és biztonságra, és „különleges körülmények” állnak fenn.

A mentesség a létesítmények, rendszerek és komponensek korlátozott részére vonatkozik, lehetővé téve például cölöpverést, alapozást, vagy bizonyos szerkezetek, rendszerek és komponensek összeszerelését, gyártását, tesztelését korlátozott munkavégzési engedély nélkül.

Az NRC szerint a mentesség nem befolyásolja a reaktor építési engedélyéről szóló végső döntést. „Az NRC folytatja az építési engedély iránti kérelem vizsgálatát az egész projektre vonatkozóan” – áll a közleményben.

A Bill Gates által alapított TerraPower üdvözölte a döntést, hozzátéve, hogy a nukleáris reaktor és az energiatermelő létesítmények szétválasztása rövidebb építési időt és alacsonyabb anyagköltségeket tesz lehetővé.

Februárban az amerikai energiaügyi minisztérium befejezte a projekt előzetes tevékenységeire vonatkozó végső környezeti értékelést.

A TerraPower, amelyet Gates 2008-ban alapított, 2024 júniusában kezdte meg első kereskedelmi Natrium atomerőművének építését Kemmererben, ahol egy széntüzelésű erőmű zár be.

A Natrium demonstrációs projekt három különálló részből áll: egy nátrium teszt- és feltöltő létesítményből, az energiatermelő vagy energia-szigetből, valamint a nukleáris szigetből magával a reaktorral.

A kezdeti építkezés a teszt- és feltöltő létesítményre összpontosít, amely egy különálló, nem nukleáris épület, és a reaktor nátrium hűtőrendszerének tesztelésére szolgál. Itt történik a folyékony nátrium fogadása, mintavételezése, feldolgozása és tárolása, mielőtt a Natrium reaktorhoz kerülne.

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Egyéb hírek

A lengyel atomerőmű-projekt biztosítási szerződéseket kötött

A lengyel Polskie Elektrownie Jądrowe (PEJ) atomerőmű-projekt vállalat négy biztosítási bróker céggel kötött keretmegállapodást. Az Aon Polska, GrECo Polska, Marsh és Smartt Re cégek támogatják a PEJ-t Lengyelország első kereskedelmi atomerőművének biztosítási szerződéseinek megkötésében, valamint a napi működéshez szükséges biztosítások beszerzésében. A PEJ minden brókerrel keretmegállapodást írt alá, amelyek alapján egyes biztosítási feladatokra kiválasztja a megfelelő brókert.

Az Aecon cég nyerte az ontariói SMR építési szerződését

A kanadai Aecon Kiewit Nuclear Partners nyerte el az Ontario Power Generation (OPG) által Darlingtonban építendő első kis moduláris reaktor (SMR) kivitelezési szerződését. A szerződés értéke 1,3 milliárd kanadai dollár (934 millió USD, 841 millió euró), amely projektmenedzsmentet, kivitelezési tervezést és végrehajtást foglal magában, a befejezést és a kereskedelmi üzemet 2030-ra tervezik. Ontario tartomány és az OPG múlt héten hagyta jóvá a négy SMR első darabjának 20,9 milliárd CAD értékű tervét Darlingtonban.

26 000 dolgozó a Hinkley Point C projekten a csúcskivitelezés idején

Az Egyesült Királyságban mintegy 26 000 dolgozó vesz részt a Hinkley Point C atomerőmű építésében, amely jelenleg csúcskivitelezési szakaszban van – derül ki az EDF Energy jelentéséből. Közvetlenül a projekten 18 000-en dolgoznak, ebből 12 000-en a helyszínen, további 3 000 fővel bővülhet a létszám a következő 12 hónapban. További 8 000-en a beszállítói láncban dolgoznak. A jelentés szerint a Hinkley Point C építése fontos katalizátor a gazdasági növekedésben, jelenleg 13,3 milliárd fonttal (15,7 milliárd euró, 17,5 milliárd dollár) járul hozzá a gazdasághoz. Ebből 5 milliárd fontot már a délnyugati régió beszállítóinál költöttek el – jóval meghaladva az 1,5 milliárd fontos célt. A Hinkley Point C két francia EPR reaktort kap.

Az Ansaldo Nucleare nukleáris mesterszakot indít Olaszországban

Az olasz Ansaldo Nucleare és a Politecnico di Milano vállalati mesterszakot indít, amely a nukleáris energia és kapcsolódó technológiák új szakértő generációját képzi. A képzés októberben indul, egy évig tart, 1500 órás, mérnöki, fizikai és kémiai diplomásoknak szól. Húsz résztvevőt választanak ki a következő hónapokban, akiket az Ansaldo Nucleare azonnal, határozatlan időre alkalmaz, és október elején kezdik meg a képzést.

@ 472f440f:5669301e

TAPS SIGN

"There is no industry in the world that is more ruthlessly competitive than the bitcoin mining industry."

From any angle you cut it the bitcoin mining economic landscape is absolutely BRUTAL at the moment. Hashprice is sitting right above an all time low at $0.04/TH/day. Yesterday brought with it yet another new difficulty all time high. Competition for energy resources is as fierce as it has ever been as rack space continues to be tight in the United States and hoards of AI data centers move in to scoop up as much power as possible.

To make matters worse, with current economics it doesn't really make sense to buy bitcoin mining machines at their current prices. The pay back period on machines is absurd considering where we find ourselves in the market. Adam O from Upstream Data broke it down in a tweet earlier today.

As he says, it probably makes more sense to buy used machines than new machines right now if you are looking to make back your money on a reasonable timeline. The only reasons you would buy new hardware right now is if you believe the price is going to rip in the near term (risky bet), you think hashrate is going to come off the network (risky bet), or if you have obscenely low power costs (unlikely for most).

If you have machines plugged in or are thinking about plugging them in soon you better be running firmware that enables you to run your machines more efficiently to increase margins. With current economics, I would make the argument that it is incredibly irresponsible to be running your machines using stock firmware. Especially if you are operating a miner in the public markets or are a private miner backed by investors. It is a disservice to your shareholders. This is a strategy we have been deploying at Cathedra for years now and it has helped us to survive during these trying times in the mining industry and set us up to successfully complete a strategic merger with Kungsleden at an opportune time.

On that note, this is a trend you can expect to pick up over the next six months; mergers and acquisitions. We wrote earlier this year that M&A activity would pick up after the halving began to eat into the economics of mining businesses and that is exactly what is happening. We decided to move early at Cathedra to get ahead of the curve. Since then Cleanspark announced a merger with GRIID, Riot has initiated an attempted hostile takeover of Bitfarms, Bitfarms has entered an agreement to merge with Stronghold, and Terawulf has signaled that they are open to a merger if a particular deal makes sense. On top of this, Rhodium slipped into bankruptcy last month. As margins continue to be squeezed and companies get more desperate I expect this type of consolidation to accelerate.

All signs are pointing toward more pain in the world of mining in the near term. There is nothing outside of a face ripping rally in the price of bitcoin or some unforeseen event that knocks out a material amount of hashrate that will change this reality. Especially considering the fact that Bitmain announced a new hydro model that will produce 860 TH/s at ~13 J/TH! This will be the highest hashing, most energy efficient machine to ever hit the market by a considerable margin.

Once these machines hit the market (if they haven't already via Bitmain plugging them in, which could explain new difficulty all time highs despite terrible mining conditions) every other machine on the market is going to suffer economically.

To make matters worse for everyone struggling right now, savvy energy producers are beginning to understand the benefits bitcoin mining can bring to their operational stack. Japanese energy giant TEPCO is reportedly planning to scale up their mining operations after beginning pilots in late 2022. They want to utilize the excess energy produced by renewable sources to mine bitcoin. From what I can tell, they haven't scaled up significantly yet. However, it is reasonable to believe that they will scale up and other energy producers will take notice. Pushing the industry closer to its inevitable end state; vertical integration via energy producers who have the lowest cost of production.

Thank you for coming to my TED Talk. Keep hashing if you can.

Final thought...

The pets need protecting.

@ e3ba5e1a:5e433365

Prelude

I wrote this post differently than any of my others. It started with a discussion with AI on an OPSec-inspired review of separation of powers, and evolved into quite an exciting debate! I asked Grok to write up a summary in my overall writing style, which it got pretty well. I've decided to post it exactly as-is. Ultimately, I think there are two solid ideas driving my stance here:

1. Perfect is the enemy of the good
2. Failure is the crucible of success

Beyond that, just some hard-core belief in freedom, separation of powers, and operating from self-interest.

Intro

Alright, buckle up. I’ve been chewing on this idea for a while, and it’s time to spit it out. Let’s look at the U.S. government like I’d look at a codebase under a cybersecurity audit—OPSEC style, no fluff. Forget the endless debates about what politicians should do. That’s noise. I want to talk about what they can do, the raw powers baked into the system, and why we should stop pretending those powers are sacred. If there’s a hole, either patch it or exploit it. No half-measures. And yeah, I’m okay if the whole thing crashes a bit—failure’s a feature, not a bug.

The Filibuster: A Security Rule with No Teeth

You ever see a firewall rule that’s more theater than protection? That’s the Senate filibuster. Everyone acts like it’s this untouchable guardian of democracy, but here’s the deal: a simple majority can torch it any day. It’s not a law; it’s a Senate preference, like choosing tabs over spaces. When people call killing it the “nuclear option,” I roll my eyes. Nuclear? It’s a button labeled “press me.” If a party wants it gone, they’ll do it. So why the dance?

I say stop playing games. Get rid of the filibuster. If you’re one of those folks who thinks it’s the only thing saving us from tyranny, fine—push for a constitutional amendment to lock it in. That’s a real patch, not a Post-it note. Until then, it’s just a vulnerability begging to be exploited. Every time a party threatens to nuke it, they’re admitting it’s not essential. So let’s stop pretending and move on.

Supreme Court Packing: Because Nine’s Just a Number

Here’s another fun one: the Supreme Court. Nine justices, right? Sounds official. Except it’s not. The Constitution doesn’t say nine—it’s silent on the number. Congress could pass a law tomorrow to make it 15, 20, or 42 (hitchhiker’s reference, anyone?). Packing the court is always on the table, and both sides know it. It’s like a root exploit just sitting there, waiting for someone to log in.

So why not call the bluff? If you’re in power—say, Trump’s back in the game—say, “I’m packing the court unless we amend the Constitution to fix it at nine.” Force the issue. No more shadowboxing. And honestly? The court’s got way too much power anyway. It’s not supposed to be a super-legislature, but here we are, with justices’ ideologies driving the bus. That’s a bug, not a feature. If the court weren’t such a kingmaker, packing it wouldn’t even matter. Maybe we should be talking about clipping its wings instead of just its size.

The Executive Should Go Full Klingon

Let’s talk presidents. I’m not saying they should wear Klingon armor and start shouting “Qapla’!”—though, let’s be real, that’d be awesome. I’m saying the executive should use every scrap of power the Constitution hands them. Enforce the laws you agree with, sideline the ones you don’t. If Congress doesn’t like it, they’ve got tools: pass new laws, override vetoes, or—here’s the big one—cut the budget. That’s not chaos; that’s the system working as designed.

Right now, the real problem isn’t the president overreaching; it’s the bureaucracy. It’s like a daemon running in the background, eating CPU and ignoring the user. The president’s supposed to be the one steering, but the administrative state’s got its own agenda. Let the executive flex, push the limits, and force Congress to check it. Norms? Pfft. The Constitution’s the spec sheet—stick to it.

Let the System Crash

Here’s where I get a little spicy: I’m totally fine if the government grinds to a halt. Deadlock isn’t a disaster; it’s a feature. If the branches can’t agree, let the president veto, let Congress starve the budget, let enforcement stall. Don’t tell me about “essential services.” Nothing’s so critical it can’t take a breather. Shutdowns force everyone to the table—debate, compromise, or expose who’s dropping the ball. If the public loses trust? Good. They’ll vote out the clowns or live with the circus they elected.

Think of it like a server crash. Sometimes you need a hard reboot to clear the cruft. If voters keep picking the same bad admins, well, the country gets what it deserves. Failure’s the best teacher—way better than limping along on autopilot.

States Are the Real MVPs

If the feds fumble, states step up. Right now, states act like junior devs waiting for the lead engineer to sign off. Why? Federal money. It’s a leash, and it’s tight. Cut that cash, and states will remember they’re autonomous. Some will shine, others will tank—looking at you, California. And I’m okay with that. Let people flee to better-run states. No bailouts, no excuses. States are like competing startups: the good ones thrive, the bad ones pivot or die.

Could it get uneven? Sure. Some states might turn into sci-fi utopias while others look like a post-apocalyptic vidya game. That’s the point—competition sorts it out. Citizens can move, markets adjust, and failure’s a signal to fix your act.

Chaos Isn’t the Enemy

Yeah, this sounds messy. States ignoring federal law, external threats poking at our seams, maybe even a constitutional crisis. I’m not scared. The Supreme Court’s there to referee interstate fights, and Congress sets the rules for state-to-state play. But if it all falls apart? Still cool. States can sort it without a babysitter—it’ll be ugly, but freedom’s worth it. External enemies? They’ll either unify us or break us. If we can’t rally, we don’t deserve the win.

Centralizing power to avoid this is like rewriting your app in a single thread to prevent race conditions—sure, it’s simpler, but you’re begging for a deadlock. Decentralized chaos lets states experiment, lets people escape, lets markets breathe. States competing to cut regulations to attract businesses? That’s a race to the bottom for red tape, but a race to the top for innovation—workers might gripe, but they’ll push back, and the tension’s healthy. Bring it—let the cage match play out. The Constitution’s checks are enough if we stop coddling the system.

Why This Matters

I’m not pitching a utopia. I’m pitching a stress test. The U.S. isn’t a fragile porcelain doll; it’s a rugged piece of hardware built to take some hits. Let it fail a little—filibuster, court, feds, whatever. Patch the holes with amendments if you want, or lean into the grind. Either way, stop fearing the crash. It’s how we debug the republic.

So, what’s your take? Ready to let the system rumble, or got a better way to secure the code? Hit me up—I’m all ears.

@ 58537364:705b4b85

The Dhamma of the Buddha is not merely a concept or philosophical hypothesis. It is the direct seeing of the truth — that suffering truly exists within us, and that it can genuinely be ended — through observing, with wisdom, not by calculation or blind belief.

Suffering is not an abstract idea; it is a real experience we can feel. When we truly understand suffering by facing it directly — not running from it or deceiving ourselves — we will see that the sense of “self” is the root of suffering. Every time the feeling of “this is me, this is mine” arises — suffering follows.

The solution is not in argument or debate, but in taking action to see and know this truth for ourselves.

Thus, Dhamma is the science of the mind — not just a philosophy. And this is why the Buddha’s teachings have never become outdated, even after more than 2,500 years.

Read the TH full version at: https://w3.do/okHFEDy-

@ 9223d2fa:b57e3de7

12,600 steps

@ e5272de9:a16a102f

What is the Grapevine?

The Grapevine enables you and your community to identify who is the most trustworthy, and in what context, to curate content, facts, and information.

In this article we present an overview of the Grapevine Worldview, a visualization tool and control panel for the management of your grapevine.

How does the grapevine work?

The construction of a Grapevine Worldview can be broken down into the following steps:

Step 1. Decide what question you want to answer or the problem you want to solve. For example: curate a directory of nostr apps. The finished product will be a ranked list, G, of items that may be pubkeys or could be something else, e.g. products from an eCommerce site.

Step 2. Select whatever sources of raw data (usually from within nostr, but in theory, could come from outside nostr) that are both 1) available to you and 2) relevant to the question or problem. (See Table: Sources of Raw Data at [1].)

Step 3. Translate each data source into a format suitable for consumption by the grapevine through the process of interpretation (see [1]).

Step 4. Crunch the numbers using the GrapeRank equations. Each purple arrow in the Worldview represents a single iteration. If the arrow loops around in a circle, iterations repeat until convergence. The finished product will be a list G of items, ranked by GrapeRank score.

Step 5: Consume the list G in whatever way you see fit. If the product is a ranked list of pubkeys, it may be used to curate a feed or you may use it as part of the curation process within other Worldviews.

The Worldview is designed to give a big picture overview of the entire above process. In this post I will walk though a simple example of a hypothetical Grapevine Worldview, designed around the problem of how to curate a list of nostr apps.

Example Worldview: Curation of Nostr Apps

The Worldview in the above figure is designed for a specific purpose: to manage a list of nostr apps. [2]

Each node G on the worldview represents a table of items, each of which is associated with a contextual GrapeRank score, calculated using the GrapeRank algorithm. The blue nodes represent tables of pubkeys, and the grey node represents a list of non-pubkey items, in this case the list of nostr apps.

Each edge (purple arrow) is associated with an array R of ratings r, each of which must follow the Grapevine Ratings format. Each R is generated from raw ratings data that can be from any source, in any format. Multiple categories of data can be merged into a single dataset R. For each R, and for each category of raw data that contributes to R, an explicit Interpretation must be provided.

If we look from left to right in the above figure, we can see information processed through the following stages:

Stage 1: Follows and mutes (raw ratings data) is used to curate G_o: a table of pubkeys that are (probably) not bots or other bad actors

Stage 2: NIP-51 lists entitled "Nostr Devs" (raw data) is used to curate G_devs. Note that authors of these lists are filtered and weighted using G_o from the previous stage.

Stage 3: Content authored by G_devs is used to curate G_nostrApps, the list of Nost Apps.

The source of potential items to initialize the list G_nostrApps is unspecified in the worldview, but one possibility would be to make use of Nostr forms, as seen at formstr.

The content used to initialized R_nostrApps used in stage 3 is also left unspecified. One possibility would be to use NIP-32 labels to endorse submitted items as belonging / not belonging on the list. Anyone could submit labels, but only pubkeys represented in G_0 or G_devs will be given a voice, and that voice will be proportional to that pubkey's influence score. The relative thickness of the two purple arrows leading to the G_nostrApps node on the right tells us that nostr developers are given a louder voice in the final curation of G_nostrApps.

Values and choices of the end-user

The Grapevine Worldview places the values and choices of the end user center stage. These choices are manifest in several ways: * the choice of raw data: what is included, what data is available but ignored * the specifics of the interpretation of each category of raw data into a list R of individual ratings r * the overall topology of the Worldview, including the choices of which G's to incorporate * the demonstrated willingness to expend computational energy on any given aspects of the above. For now, the computational energy will be trivial. At some point, the energy expenditure will have a nontrivial cost.

Summary

The Grapevine Worldview is a visual overview and a control panel for the process leading up to the curation of some category of content by your grapevine. Construction of any given worldview includes decisions on who should be trusted to curate what. These decisions may or may not be the same from one end user to another.

Each user can manage multiple Worldviews, each one of which is purposed for the curation of a given G. And the output of one Worldview, G, can be consumed by a different Worldview.

Current efforts are directed at creating an open source library for the GrapeRank equations. Next step will be back end services that partner with relays and will enable generation of G_0, the Grapevine Network of "not-bot" pubkeys. We anticipate that future work will build out the front end control panel for Worldviews, including control panels for the interpretation of additional data sources and curation of lists like nostr apps as in the example above.

Notes

[1] https://njump.me / naddr1qvzqqqr4gupzpef89h53f0fsza2ugwdc3e54nfpun5nxfqclpy79r6w8nxsk5yp0qqxnzdejx5urzwp58qcrgdp4dutxqa

[2] Currently, various lists of nostr apps are maintained, e.g. at Awesome Nostr by (Aljaz Ceru?), or at nostrapps.com by (Karnage?).

@ a3c6f928:d45494fb

True freedom is not only physical or financial—it also exists within the mind. Mental freedom is the ability to think clearly, make decisions without fear or doubt, and live without the constraints of limiting beliefs. It is the power to embrace your thoughts, control your emotions, and act with purpose.

What Is Mental Freedom?

Mental freedom is the state of mind where you are not held back by fear, anxiety, or self-doubt. It means breaking free from the mental barriers that keep you from living life to the fullest. When you achieve mental freedom, you are able to pursue your dreams with confidence, respond to challenges with resilience, and find peace in the present moment.

Steps to Achieving Mental Freedom

1. Identify Limiting Beliefs: Understand the thoughts that hold you back and challenge their validity.

2. Practice Mindfulness: Be present in the moment and aware of your thoughts and feelings without judgment.

3. Let Go of Perfectionism: Accept that mistakes are part of growth and learning.

4. Cultivate Positive Thinking: Focus on possibilities and solutions rather than obstacles.

5. Build Resilience: Strengthen your mental capacity to recover from setbacks.

The Importance of Mental Freedom

Achieving mental freedom allows you to live authentically and pursue your goals without hesitation. It empowers you to face challenges head-on, embrace change, and navigate life with confidence and clarity. Without mental freedom, fear and doubt can cloud your judgment and limit your potential.

Breaking Free

Mental freedom is a journey, not a destination. It requires ongoing self-awareness, self-acceptance, and growth. By taking deliberate steps to free your mind from limiting thoughts, you open the door to endless possibilities.

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“The mind is its own place, and in itself can make a heaven of hell, a hell of heaven.” — John Milton

Choose to be free. Choose to be limitless.

@ e5272de9:a16a102f

The Grapevine is designed to digest raw data, no matter where you can find it. This is made possible through the process of interpretation.

Interpretation: the process of converting a source of raw data into a format suitable for consumption by the grapevine algorithm

format of Grapevine ratings

The Grapevine is designed to take as input a list of ratings that follow a specialized format, which we will refer to as Grapevine ratings.

Each rating must contain the following 4 to 6 fields: - rater - ratee - score - confidence - context (optional) - rating type (optional)

rater

The author of the rating. Often will be a pubkey or an npub, but could be username, etc.

ratee

The person, place, or thing being rated. This could be a pubkey, an event id or naddr, or a simple string, e.g. the title of a movie.

score

usually a number, but could be a boolean, an item on a list, etc.

confidence

a number between 0 and 1 (i.e. 0 and 100 percent) that represents the confidence of the rater in the score. For example: If Alice rates Bob as highly skilled in some context, and this is based on working with him for many years, she may rate him 9/10 with a confidence of 0.9 (90 percent). On the other hand, suppose she considers him worthy of a 9/10 rating, but this is based on only one brief interaction. In this case, she may rate him 9/10 but with a confidence of 0.05 (5 percent).

context

a string. This may be omitted from the table if every rating in the table or dataset is of the same context (as may often be the case).

rating type

a string that indicates the type of rating: 5 star, true or false, etc. This may be omitted from the table if every rating in the table or dataset is of the same rating type (as may often be the case).

Example interpretation: follows and mutes

A good way to bootstrap a list of nostr users minus the bots, scams, and other bad actors is to make use of the follows and mutes lists, as is done at brainstorm.

The interpretation of a follow is the following Grapevine Rating: - rater: pk_Alice - ratee: pk_Bob - score: 1 - confidence: 0.05

The interpretation of a mute is the following Grapevine Rating: - rater: pk_Alice - ratee: pk_Charlie - score: 0 - confidence: 0.1

Grapevine Ratings Tables

A list of ratings may be referred to as a Grapevine Ratings Table or a Grapevine Ratings Dataset (if in some non-table format, such as an object).

In the below example, the rating type (0 to 5 stars) and context (item quality) columns are the same for each row in the table and so are omitted.

| rater | ratee | score | confidence | | --- | --- | --- | --- | | pk_Alice | item1 | 4 | 0.5 | | pk_Bob | item1 | 5 | 0.9 | | pk_Alice | item2 | 0 | 0.1 |

Sources of Raw Data

| Some Suggested Sources of Raw Data | | --- | | follows, mutes, zaps | | kind 1 and long form notes | | NIP-51 lists | | kind 7 reactions | | NIP-32 labels | | NIP-58 badges | | nostr forms (e.g. see formstr) |

@ 6e0ea5d6:0327f353

Ascolta.

We live in times where the average man is measured by the speeches he gives — not by the commitments he keeps. People talk about dreams, goals, promises… but what truly remains is what’s honored in the silence of small gestures, in actions that don’t seek applause, in attitudes unseen — yet speak volumes.

Punctuality, for example. Showing up on time isn’t about the clock. It’s about respect. Respect for another’s time, yes — but more importantly, respect for one’s own word. A man who is late without reason is already running late in his values. And the one who excuses his own lateness with sweet justifications slowly gets used to mediocrity.

Keeping your word is more than fulfilling promises. It is sealing, with the mouth, what the body must later uphold. Every time a man commits to something, he creates a moral debt with his own dignity. And to break that commitment is to declare bankruptcy — not in the eyes of others, but in front of himself.

And debts? Even the small ones — or especially the small ones — are precise thermometers of character. A forgotten sum, an unpaid favor, a commitment left behind… all of these reveal the structure of the inner building that man resides in. He who neglects the small is merely rehearsing for his future collapse.

Life, contrary to what the reckless say, is not built on grand deeds. It is built with small bricks, laid with almost obsessive precision. The truly great man is the one who respects the details — recognizing in them a code of conduct.

In Sicily, especially in the streets of Palermo, I learned early on that there is more nobility in paying a five-euro debt on time than in flaunting riches gained without word, without honor, without dignity.

As they say in Palermo: L’uomo si conosce dalle piccole cose.

So, amico mio, Don’t talk to me about greatness if you can’t show up on time. Don’t talk to me about respect if your word is fickle. And above all, don’t talk to me about honor if you still owe what you once promised — no matter how small.

Thank you for reading, my friend!

If this message resonated with you, consider leaving your "🥃" as a token of appreciation.

A toast to our family!

@ 472f440f:5669301e

I had the pleasure of sitting back down with Will Reeves, Founder and CEO of Fold, on TFTC last week to discuss Fold's journey from a startup to (soon to be) a publicly listed company. I particularly liked this conversation because it was a great lens into the grit it takes to run a successful bitcoin company.

https://fountain.fm/episode/1FrspxmpK5bsoReGx73n

Building a successful company is extremely hard in its own right. Building a successful bitcoin company is significantly harder considering the fact that you're building a company in parallel with a nascent and volatile monetary asset that is monetizing in real time. Bitcoin adoption comes in waves. People flood in when the price is ripping and fade out when the price corrects and goes into a multi-year bear market before the tide comes back in. This means that your potential user base is expanding and contracting more than it would be in other industries. As a company you need to be able to absorb the incoming waves of new adopters and then capture and retain the users who stick around for the bear market.

To do this correctly, a founder and their team needs to thread many needles. First, can you assemble a team that can actually build something? Second, can you bring a product to market that people actually use because it provides value to them? Third, can you stick out against the crowd? So on and so forth. One of the most important aspects of building a bitcoin company during bitcoin's monetization phase is timing. There are many great ideas that people have in terms of companies, products and tools that can built using bitcoin. There are sci-fi futures that can be built today on bitcoin if people really wanted to.

The problem that arises is that adoption and understanding of bitcoin are at a point where, even though a functional product could be brought to market, it won't be adopted by a large number of people because there 1.) aren't enough people who would understand how to use it and 2.) for the people who do understand how to use it and could benefit from it, the universe of people they can interact with using that product is minuscule.

Timing is everything. And I think Fold nailed the timing of their product. Allowing people to passively stack sats by offering a product that enables them to go about their daily spending and get sats back instead of cash back rewards is a great first-touch bitcoin experience. Once Fold found their sticky user base and perfected their sats back experience, they began expanding their product offering to provide their users with more bitcoin services. Buy/sell bitcoin in-app, bill pay for sats back, and more. They'll eventually roll out a credit card and additional financial services. Start simple, provide something of value, nail the timing and then expand from there. That seems to be the recipe.

For any founders in the space reading this, I highly recommend you listen to the episode. Particularly for the advice Will gives about knowing when to sprint on product and when to lean into growth. Bear markets are for building and bull markets are for casting the widest net possible and capturing as many new users as possible.

At Ten31 we are extremely proud to back Fold and a number of other companies in the bitcoin space that understand the intricacies described above. We work with some of the best founders in the world. Founders who know how to eat glass with the best of them. Bitcoin can be a cruel mistress and no one knows that more intimately than the founders building bitcoin companies.

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Final thought...

The NFL having a week 1 game in Brazil should get Roger Godell fired.

Enjoy your weekend, freaks.

@ 472f440f:5669301e

https://x.com/parkeralewis/status/1831746160781938947 Here's a startling chart from an American staple, Walgreens. The convenience store and pharmacy chain has seen its stock price plummet by more than 67% this year and by more than 90% from its all time high, which was reached in 2015.

The combination of the COVID lock downs and the lax laws around theft that followed were materially detrimental to Walgreens business. The crux of their problem at the moment, however, is a double whammy of those disruptions in their business coupled with the "higher for longer" interest rate policy from the Fed over the last couple of years. As Tuur points out in the tweet above, Walgreens has $34B in debt, which means they definitely have significant interest rate payments they need to make on a monthly basis. Tuur also points out that Walgreens has very little cash compared to their debt obligations. Let's take a look at their balance sheet as of May of this year.

Less than $1B in cash for $34B debt with $67.56B in total liabilities. Even worse, their cash balance was drained by more than 27% over the course of the year between May 2023 and May 2024. As you may notice their total assets fell by more than 15% over the same period. This is because Walgreens understands the dire financial straits it finds itself in and has begun shutting down thousands of their locations across the country.

The recent efforts of Walgreens to sell off their assets to raise cash to pay down their debts seem to be completely ineffective as their cash balance is falling faster than their total assets, which is falling 7x faster than their total liabilities. These numbers are most definitely going to get worse as cascading sell pressure in commercial real estate markets (which is the bucket that Walgreens locations fall into) drive down the value of their assets. Leaving them with less cash to pay down their debts as time goes on. To make matters worse, it puts the institutions that lent money to Walgreens in a terrible position. How many commercial and investment banks has Walgreens tapped to fund their operations with expensive debt? How exposed to Walgreens is any individual lender? Could a default on some or all of their loans catch these financial institutions off sides? If it isn't Walgreens that pushes them off sides, how many more bad borrowers would it take to push them off sides?

As our good friend Parker Lewis points out, the only way the hemorrhaging can be stopped is if the Federal Reserve and Federal Government step in with bail outs in the form of massive liquidity injections via quantitative easing and other emergency measures. On top of this, the Fed and the Federal Government find themselves in a classic catch-22. If they let Walgreens fall into bankruptcy it could set off a domino effect that could exacerbate inflation. Riteaid, a similar retail convenience store and pharmacy chain, filed for bankruptcy last October and is still wading its way through that process. Part of that process has been shuttering many of their storefronts. One has to imagine that since Walgreens and Riteaid are having these problems, some of their other competitors must be feeling the pain as well. If enough of these convenience stores, which tens of millions of Americans depend on for everyday goods, find themselves in a position where they have to shut down their stores it could lead to a supply crunch. People will obviously not be able to get their goods from Riteaid or Walgreens and will flee to alternatives, exacerbating the stress on their supplies, which will drive prices higher.

This is a catch-22 because the only way to avoid this mad dash for consumer goods in the midst of a convenience store Armageddon is to re-introduce ZIRP and flood the market with freshly printed dollars, which will drive prices up as well.

Talk about a rock and a hard place. You better get yourself some bitcoin.

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Final thought... Zach Bryan radio crushes.