@ 51bbb15e:b77a2290

Yeah, I’m sure everything in the file is legit. 👍 Let’s review the guard witness testimony…Oh wait, they weren’t at their posts despite 24/7 survellience instructions after another Epstein “suicide” attempt two weeks earlier. Well, at least the video of the suicide is in the file? Oh wait, a techical glitch. Damn those coincidences!

At this point, the Trump administration has zero credibility with me on anything related to the Epstein case and his clients. I still suspect the administration is using the Epstein files as leverage to keep a lot of RINOs in line, whereas they’d be sabotaging his agenda at every turn otherwise. However, I just don’t believe in ends-justify-the-means thinking. It’s led almost all of DC to toss out every bit of the values they might once have had.

@ c9badfea:610f861a

1. Install Sky Map (it's free and open source)
2. Launch the app and tap Accept, then tap OK
3. When asked to access the device's location, tap While Using The App
4. Tap somewhere on the screen to activate the menu, then tap ⁝ and select Settings
5. Disable Send Usage Statistics
6. Return to the main screen and enjoy stargazing!

ℹ️ Use the 🔍 icon in the upper toolbar to search for a specific celestial body, or tap the 👁️ icon to activate night mode

@ 04c915da:3dfbecc9

This piece is the first in a series that will focus on things I think are a priority if your focus is similar to mine: building a strong family and safeguarding their future.

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Choosing the ideal place to raise a family is one of the most significant decisions you will ever make. For simplicity sake I will break down my thought process into key factors: strong property rights, the ability to grow your own food, access to fresh water, the freedom to own and train with guns, and a dependable community.

A Jurisdiction with Strong Property Rights

Strong property rights are essential and allow you to build on a solid foundation that is less likely to break underneath you. Regions with a history of limited government and clear legal protections for landowners are ideal. Personally I think the US is the single best option globally, but within the US there is a wide difference between which state you choose. Choose carefully and thoughtfully, think long term. Obviously if you are not American this is not a realistic option for you, there are other solid options available especially if your family has mobility. I understand many do not have this capability to easily move, consider that your first priority, making movement and jurisdiction choice possible in the first place.

Abundant Access to Fresh Water

Water is life. I cannot overstate the importance of living somewhere with reliable, clean, and abundant freshwater. Some regions face water scarcity or heavy regulations on usage, so prioritizing a place where water is plentiful and your rights to it are protected is critical. Ideally you should have well access so you are not tied to municipal water supplies. In times of crisis or chaos well water cannot be easily shutoff or disrupted. If you live in an area that is drought prone, you are one drought away from societal chaos. Not enough people appreciate this simple fact.

Grow Your Own Food

A location with fertile soil, a favorable climate, and enough space for a small homestead or at the very least a garden is key. In stable times, a small homestead provides good food and important education for your family. In times of chaos your family being able to grow and raise healthy food provides a level of self sufficiency that many others will lack. Look for areas with minimal restrictions, good weather, and a culture that supports local farming.

Guns

The ability to defend your family is fundamental. A location where you can legally and easily own guns is a must. Look for places with a strong gun culture and a political history of protecting those rights. Owning one or two guns is not enough and without proper training they will be a liability rather than a benefit. Get comfortable and proficient. Never stop improving your skills. If the time comes that you must use a gun to defend your family, the skills must be instinct. Practice. Practice. Practice.

A Strong Community You Can Depend On

No one thrives alone. A ride or die community that rallies together in tough times is invaluable. Seek out a place where people know their neighbors, share similar values, and are quick to lend a hand. Lead by example and become a good neighbor, people will naturally respond in kind. Small towns are ideal, if possible, but living outside of a major city can be a solid balance in terms of work opportunities and family security.

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Let me know if you found this helpful. My plan is to break down how I think about these five key subjects in future posts.

@ 3f770d65:7a745b24

I’m Derek Ross, and I’m all-in on Nostr.

I started the Grow Nostr Initiative to help more people discover what makes Nostr so powerful: ✅ You own your identity ✅ You choose your social graph and algorithms ✅ You aren't locked into any single app or platform ✅ You can post, stream, chat, and build, all without gatekeepers

What we’re doing with Grow Nostr Initiative: 🌱 Hosting local meetups and mini-conferences to onboard people face-to-face 📚 Creating educational materials and guides to demystify how Nostr works 🧩 Helping businesses and creators understand how they can plug into Nostr (running media servers, relays, and using key management tools)

I believe Nostr is the foundation of a more open internet. It’s still early, but we’re already seeing incredible apps for social, blogging, podcasting, livestreaming, and more. And the best part is that they're all interoperable, censorship-resistant, and built on open standards. Nostr is the world's largest bitcoin economy by transaction volume and I truly believe that the purple pill helps the orange pill go down. Meaning, growing Nostr will also grow Bitcoin adoption.

If you’ve been curious about Nostr or are building something on it, or let’s talk. Whether you're just getting started or you're already deep in the ecosystem, I'm here to answer questions, share what I’ve learned, and hear your ideas. Check out https://nostrapps.com to find your next social decentralized experience.

Ask Me Anything about GNI, Nostr, Bitcoin, the upcoming #NosVegas event at the Bitcoin Conference next week, etc.!

– Derek Ross 🌐 https://grownostr.org npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424

https://stacker.news/items/984689

@ 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.

@ a6b4114e:60d83c46

GTA San Andreas is one installment of Grand Theft Auto.

It is safe and secure for your device. No harmful elements have been found yet. It does not contain viruses, malware, bloatware, bugs, or threats, as its authority always upgrades the game to eliminate unwanted components. The amazing thing is that the game is 100% free for Android users.

You do not pay a single cent from your pocket.

Download: https://androidhd.com/en/gta-san-andreas

@ 6ad3e2a3:c90b7740

I’ve written about MSTR twice already, https://www.chrisliss.com/p/mstr and https://www.chrisliss.com/p/mstr-part-2, but I want to focus on legendary short seller James Chanos’ current trade wherein he buys bitcoin (via ETF) and shorts MSTR, in essence to “be like Mike” Saylor who sells MSTR shares at the market and uses them to add bitcoin to the company’s balance sheet. After all, if it’s good enough for Saylor, why shouldn’t everyone be doing it — shorting a company whose stock price is more than 2x its bitcoin holdings and using the proceeds to buy the bitcoin itself?

Saylor himself has said selling shares at 2x NAV (net asset value) to buy bitcoin is like selling dollars for two dollars each, and Chanos has apparently decided to get in while the getting (market cap more than 2x net asset value) is good. If the price of bitcoin moons, sending MSTR’s shares up, you are more than hedged in that event, too. At least that’s the theory.

The problem with this bet against MSTR’s mNAV, i.e., you are betting MSTR’s market cap will converge 1:1 toward its NAV in the short and medium term is this trade does not exist in a vacuum. Saylor has described how his ATM’s (at the market) sales of shares are accretive in BTC per share because of this very premium they carry. Yes, we’ll dilute your shares of the company, but because we’re getting you 2x the bitcoin per share, you are getting an ever smaller slice of an ever bigger overall pie, and the pie is growing 2x faster than your slice is reducing. (I https://www.chrisliss.com/p/mstr how this works in my first post.)

But for this accretion to continue, there must be a constant supply of “greater fools” to pony up for the infinitely printable shares which contain only half their value in underlying bitcoin. Yes, those shares will continue to accrete more BTC per share, but only if there are more fools willing to make this trade in the future. So will there be a constant supply of such “fools” to keep fueling MSTR’s mNAV multiple indefinitely?

Yes, there will be in my opinion because you have to look at the trade from the prospective fools’ perspective. Those “fools” are not trading bitcoin for MSTR, they are trading their dollars, selling other equities to raise them maybe, but in the end it’s a dollars for shares trade. They are not selling bitcoin for them.

You might object that those same dollars could buy bitcoin instead, so they are surely trading the opportunity cost of buying bitcoin for them, but if only 5-10 percent of the market (or less) is buying bitcoin itself, the bucket in which which those “fools” reside is the entire non-bitcoin-buying equity market. (And this is not considering the even larger debt market which Saylor has yet to tap in earnest.)

So for those 90-95 percent who do not and are not presently planning to own bitcoin itself, is buying MSTR a fool’s errand, so to speak? Not remotely. If MSTR shares are infinitely printable ATM, they are still less so than the dollar and other fiat currencies. And MSTR shares are backed 2:1 by bitcoin itself, while the fiat currencies are backed by absolutely nothing. So if you hold dollars or euros, trading them for MSTR shares is an errand more sage than foolish.

That’s why this trade (buying BTC and shorting MSTR) is so dangerous. Not only are there many people who won’t buy BTC buying MSTR, there are many funds and other investment entities who are only able to buy MSTR.

Do you want to get BTC at 1:1 with the 5-10 percent or MSTR backed 2:1 with the 90-95 percent. This is a bit like medical tests that have a 95 percent accuracy rate for an asymptomatic disease that only one percent of the population has. If someone tests positive, it’s more likely to be a false one than an indication he has the disease*. The accuracy rate, even at 19:1, is subservient to the size of the respective populations.

At some point this will no longer be the case, but so long as the understanding of bitcoin is not widespread, so long as the dollar is still the unit of account, the “greater fools” buying MSTR are still miles ahead of the greatest fools buying neither, and the stock price and mNAV should only increase.

. . .

One other thought: it’s more work to play defense than offense because the person on offense knows where he’s going, and the defender can only react to him once he moves. Similarly, Saylor by virtue of being the issuer of the shares knows when more will come online while Chanos and other short sellers are borrowing them to sell in reaction to Saylor’s strategy. At any given moment, Saylor can pause anytime, choosing to issue convertible debt or preferred shares with which to buy more bitcoin, and the shorts will not be given advance notice.

If the price runs, and there is no ATM that week because Saylor has stopped on a dime, so to speak, the shorts will be left having to scramble to change directions and buy the shares back to cover. Their momentum might be in the wrong direction, though, and like Allen Iverson breaking ankles with a crossover, Saylor might trigger a massive short squeeze, rocketing the share price ever higher. That’s why he actually welcomes Chanos et al trying this copycat strategy — it becomes the fuel for outsized gains.

For that reason, news that Chanos is shorting MSTR has not shaken my conviction, though there are other more pertinent https://www.chrisliss.com/p/mstr-part-2 with MSTR, of which one should be aware. And as always, do your own due diligence before investing in anything.

* To understand this, consider a population of 100,000, with one percent having a disease. That means 1,000 have it, 99,000 do not. If the test is 95 percent accurate, and everyone is tested, 950 of the 1,000 will test positive (true positives), 50 who have it will test negative (false negatives.) Of the positives, 95 percent of 99,000 (94,050) will test negative (true negatives) and five percent (4,950) will test positive (false positives). That means 4,950 out of 5,900 positives (84%) will be false.

@ b83a28b7:35919450

This article was originally part of the sermon of Plebchain Radio Episode 111 (May 2, 2025) that nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpqtvqc82mv8cezhax5r34n4muc2c4pgjz8kaye2smj032nngg52clq7fgefr and I did with nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7ct4w35zumn0wd68yvfwvdhk6tcqyzx4h2fv3n9r6hrnjtcrjw43t0g0cmmrgvjmg525rc8hexkxc0kd2rhtk62 and nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyg8wumn8ghj7mn0wd68ytnvv9hxgqpq4wxtsrj7g2jugh70pfkzjln43vgn4p7655pgky9j9w9d75u465pqahkzd0 of the nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyqwfvwrccp4j2xsuuvkwg0y6a20637t6f4cc5zzjkx030dkztt7t5hydajn

Listen to the full episode here:

<<https://fountain.fm/episode/Ln9Ej0zCZ5dEwfo8w2Ho>>

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Bitcoin has always been a narrative revolution disguised as code. White paper, cypherpunk lore, pizza‑day legends - every block is a paragraph in the world’s most relentless epic. But code alone rarely converts the skeptic; it’s the camp‑fire myth that slips past the prefrontal cortex and shakes hands with the limbic system. People don’t adopt protocols first - they fall in love with protagonists.

Early adopters heard the white‑paper hymn, but most folks need characters first: a pizza‑day dreamer; a mother in a small country, crushed by the cost of remittance; a Warsaw street vendor swapping złoty for sats. When their arcs land, the brain releases a neurochemical OP_RETURN which says, “I belong in this plot.” That’s the sly roundabout orange pill: conviction smuggled inside catharsis.

That’s why, from 22–25 May in Warsaw’s Kinoteka, the Bitcoin Film Fest is loading its reels with rebellion. Each documentary, drama, and animated rabbit‑hole is a stealth wallet, zipping conviction straight into the feels of anyone still clasped within the cold claw of fiat. You come for the plot, you leave checking block heights.

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Here's the clip of the sermon from the episode:

nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqqsy43fwz8es2wnn65rh0udc05tumdnx5xagvzd88ptncspmesdqhygcrvpf2

@ 04c915da:3dfbecc9

Bitcoin has always been rooted in freedom and resistance to authority. I get that many of you are conflicted about the US Government stacking but by design we cannot stop anyone from using bitcoin. Many have asked me for my thoughts on the matter, so let’s rip it.

Concern

One of the most glaring issues with the strategic bitcoin reserve is its foundation, built on stolen bitcoin. For those of us who value private property this is an obvious betrayal of our core principles. Rather than proof of work, the bitcoin that seeds this reserve has been taken by force. The US Government should return the bitcoin stolen from Bitfinex and the Silk Road.

Using stolen bitcoin for the reserve creates a perverse incentive. If governments see bitcoin as a valuable asset, they will ramp up efforts to confiscate more bitcoin. The precedent is a major concern, and I stand strongly against it, but it should be also noted that governments were already seizing coin before the reserve so this is not really a change in policy.

Ideally all seized bitcoin should be burned, by law. This would align incentives properly and make it less likely for the government to actively increase coin seizures. Due to the truly scarce properties of bitcoin, all burned bitcoin helps existing holders through increased purchasing power regardless. This change would be unlikely but those of us in policy circles should push for it regardless. It would be best case scenario for American bitcoiners and would create a strong foundation for the next century of American leadership.

Optimism

The entire point of bitcoin is that we can spend or save it without permission. That said, it is a massive benefit to not have one of the strongest governments in human history actively trying to ruin our lives.

Since the beginning, bitcoiners have faced horrible regulatory trends. KYC, surveillance, and legal cases have made using bitcoin and building bitcoin businesses incredibly difficult. It is incredibly important to note that over the past year that trend has reversed for the first time in a decade. A strategic bitcoin reserve is a key driver of this shift. By holding bitcoin, the strongest government in the world has signaled that it is not just a fringe technology but rather truly valuable, legitimate, and worth stacking.

This alignment of incentives changes everything. The US Government stacking proves bitcoin’s worth. The resulting purchasing power appreciation helps all of us who are holding coin and as bitcoin succeeds our government receives direct benefit. A beautiful positive feedback loop.

Realism

We are trending in the right direction. A strategic bitcoin reserve is a sign that the state sees bitcoin as an asset worth embracing rather than destroying. That said, there is a lot of work left to be done. We cannot be lulled into complacency, the time to push forward is now, and we cannot take our foot off the gas. We have a seat at the table for the first time ever. Let's make it worth it.

We must protect the right to free usage of bitcoin and other digital technologies. Freedom in the digital age must be taken and defended, through both technical and political avenues. Multiple privacy focused developers are facing long jail sentences for building tools that protect our freedom. These cases are not just legal battles. They are attacks on the soul of bitcoin. We need to rally behind them, fight for their freedom, and ensure the ethos of bitcoin survives this new era of government interest. The strategic reserve is a step in the right direction, but it is up to us to hold the line and shape the future.

@ 04c915da:3dfbecc9

Recently we have seen a wave of high profile X accounts hacked. These attacks have exposed the fragility of the status quo security model used by modern social media platforms like X. Many users have asked if nostr fixes this, so lets dive in. How do these types of attacks translate into the world of nostr apps? For clarity, I will use X’s security model as representative of most big tech social platforms and compare it to nostr.

The Status Quo

On X, you never have full control of your account. Ultimately to use it requires permission from the company. They can suspend your account or limit your distribution. Theoretically they can even post from your account at will. An X account is tied to an email and password. Users can also opt into two factor authentication, which adds an extra layer of protection, a login code generated by an app. In theory, this setup works well, but it places a heavy burden on users. You need to create a strong, unique password and safeguard it. You also need to ensure your email account and phone number remain secure, as attackers can exploit these to reset your credentials and take over your account. Even if you do everything responsibly, there is another weak link in X infrastructure itself. The platform’s infrastructure allows accounts to be reset through its backend. This could happen maliciously by an employee or through an external attacker who compromises X’s backend. When an account is compromised, the legitimate user often gets locked out, unable to post or regain control without contacting X’s support team. That process can be slow, frustrating, and sometimes fruitless if support denies the request or cannot verify your identity. Often times support will require users to provide identification info in order to regain access, which represents a privacy risk. The centralized nature of X means you are ultimately at the mercy of the company’s systems and staff.

Nostr Requires Responsibility

Nostr flips this model radically. Users do not need permission from a company to access their account, they can generate as many accounts as they want, and cannot be easily censored. The key tradeoff here is that users have to take complete responsibility for their security. Instead of relying on a username, password, and corporate servers, nostr uses a private key as the sole credential for your account. Users generate this key and it is their responsibility to keep it safe. As long as you have your key, you can post. If someone else gets it, they can post too. It is that simple. This design has strong implications. Unlike X, there is no backend reset option. If your key is compromised or lost, there is no customer support to call. In a compromise scenario, both you and the attacker can post from the account simultaneously. Neither can lock the other out, since nostr relays simply accept whatever is signed with a valid key.

The benefit? No reliance on proprietary corporate infrastructure.. The negative? Security rests entirely on how well you protect your key.

Future Nostr Security Improvements

For many users, nostr’s standard security model, storing a private key on a phone with an encrypted cloud backup, will likely be sufficient. It is simple and reasonably secure. That said, nostr’s strength lies in its flexibility as an open protocol. Users will be able to choose between a range of security models, balancing convenience and protection based on need.

One promising option is a web of trust model for key rotation. Imagine pre-selecting a group of trusted friends. If your account is compromised, these people could collectively sign an event announcing the compromise to the network and designate a new key as your legitimate one. Apps could handle this process seamlessly in the background, notifying followers of the switch without much user interaction. This could become a popular choice for average users, but it is not without tradeoffs. It requires trust in your chosen web of trust, which might not suit power users or large organizations. It also has the issue that some apps may not recognize the key rotation properly and followers might get confused about which account is “real.”

For those needing higher security, there is the option of multisig using FROST (Flexible Round-Optimized Schnorr Threshold). In this setup, multiple keys must sign off on every action, including posting and updating a profile. A hacker with just one key could not do anything. This is likely overkill for most users due to complexity and inconvenience, but it could be a game changer for large organizations, companies, and governments. Imagine the White House nostr account requiring signatures from multiple people before a post goes live, that would be much more secure than the status quo big tech model.

Another option are hardware signers, similar to bitcoin hardware wallets. Private keys are kept on secure, offline devices, separate from the internet connected phone or computer you use to broadcast events. This drastically reduces the risk of remote hacks, as private keys never touches the internet. It can be used in combination with multisig setups for extra protection. This setup is much less convenient and probably overkill for most but could be ideal for governments, companies, or other high profile accounts.

---

Nostr’s security model is not perfect but is robust and versatile. Ultimately users are in control and security is their responsibility. Apps will give users multiple options to choose from and users will choose what best fits their need.

@ 04c915da:3dfbecc9

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

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

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

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

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

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

@ 04c915da:3dfbecc9

There is something quietly rebellious about stacking sats. In a world obsessed with instant gratification, choosing to patiently accumulate Bitcoin, one sat at a time, feels like a middle finger to the hype machine. But to do it right, you have got to stay humble. Stack too hard with your head in the clouds, and you will trip over your own ego before the next halving even hits.

Small Wins

Stacking sats is not glamorous. Discipline. Stacking every day, week, or month, no matter the price, and letting time do the heavy lifting. Humility lives in that consistency. You are not trying to outsmart the market or prove you are the next "crypto" prophet. Just a regular person, betting on a system you believe in, one humble stack at a time. Folks get rekt chasing the highs. They ape into some shitcoin pump, shout about it online, then go silent when they inevitably get rekt. The ones who last? They stack. Just keep showing up. Consistency. Humility in action. Know the game is long, and you are not bigger than it.

Ego is Volatile

Bitcoin’s swings can mess with your head. One day you are up 20%, feeling like a genius and the next down 30%, questioning everything. Ego will have you panic selling at the bottom or over leveraging the top. Staying humble means patience, a true bitcoin zen. Do not try to "beat” Bitcoin. Ride it. Stack what you can afford, live your life, and let compounding work its magic.

Simplicity

There is a beauty in how stacking sats forces you to rethink value. A sat is worth less than a penny today, but every time you grab a few thousand, you plant a seed. It is not about flaunting wealth but rather building it, quietly, without fanfare. That mindset spills over. Cut out the noise: the overpriced coffee, fancy watches, the status games that drain your wallet. Humility is good for your soul and your stack. I have a buddy who has been stacking since 2015. Never talks about it unless you ask. Lives in a decent place, drives an old truck, and just keeps stacking. He is not chasing clout, he is chasing freedom. That is the vibe: less ego, more sats, all grounded in life.

The Big Picture

Stack those sats. Do it quietly, do it consistently, and do not let the green days puff you up or the red days break you down. Humility is the secret sauce, it keeps you grounded while the world spins wild. In a decade, when you look back and smile, it will not be because you shouted the loudest. It will be because you stayed the course, one sat at a time. \ \ Stay Humble and Stack Sats. 🫡

@ 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.

@ 04c915da:3dfbecc9

One of the most common criticisms leveled against nostr is the perceived lack of assurance when it comes to data storage. Critics argue that without a centralized authority guaranteeing that all data is preserved, important information will be lost. They also claim that running a relay will become prohibitively expensive. While there is truth to these concerns, they miss the mark. The genius of nostr lies in its flexibility, resilience, and the way it harnesses human incentives to ensure data availability in practice.

A nostr relay is simply a server that holds cryptographically verifiable signed data and makes it available to others. Relays are simple, flexible, open, and require no permission to run. Critics are right that operating a relay attempting to store all nostr data will be costly. What they miss is that most will not run all encompassing archive relays. Nostr does not rely on massive archive relays. Instead, anyone can run a relay and choose to store whatever subset of data they want. This keeps costs low and operations flexible, making relay operation accessible to all sorts of individuals and entities with varying use cases.

Critics are correct that there is no ironclad guarantee that every piece of data will always be available. Unlike bitcoin where data permanence is baked into the system at a steep cost, nostr does not promise that every random note or meme will be preserved forever. That said, in practice, any data perceived as valuable by someone will likely be stored and distributed by multiple entities. If something matters to someone, they will keep a signed copy.

Nostr is the Streisand Effect in protocol form. The Streisand effect is when an attempt to suppress information backfires, causing it to spread even further. With nostr, anyone can broadcast signed data, anyone can store it, and anyone can distribute it. Try to censor something important? Good luck. The moment it catches attention, it will be stored on relays across the globe, copied, and shared by those who find it worth keeping. Data deemed important will be replicated across servers by individuals acting in their own interest.

Nostr’s distributed nature ensures that the system does not rely on a single point of failure or a corporate overlord. Instead, it leans on the collective will of its users. The result is a network where costs stay manageable, participation is open to all, and valuable verifiable data is stored and distributed forever.

@ 04c915da:3dfbecc9

Capitalism is the most effective system for scaling innovation. The pursuit of profit is an incredibly powerful human incentive. Most major improvements to human society and quality of life have resulted from this base incentive. Market competition often results in the best outcomes for all.

That said, some projects can never be monetized. They are open in nature and a business model would centralize control. Open protocols like bitcoin and nostr are not owned by anyone and if they were it would destroy the key value propositions they provide. No single entity can or should control their use. Anyone can build on them without permission.

As a result, open protocols must depend on donation based grant funding from the people and organizations that rely on them. This model works but it is slow and uncertain, a grind where sustainability is never fully reached but rather constantly sought. As someone who has been incredibly active in the open source grant funding space, I do not think people truly appreciate how difficult it is to raise charitable money and deploy it efficiently.

Projects that can be monetized should be. Profitability is a super power. When a business can generate revenue, it taps into a self sustaining cycle. Profit fuels growth and development while providing projects independence and agency. This flywheel effect is why companies like Google, Amazon, and Apple have scaled to global dominance. The profit incentive aligns human effort with efficiency. Businesses must innovate, cut waste, and deliver value to survive.

Contrast this with non monetized projects. Without profit, they lean on external support, which can dry up or shift with donor priorities. A profit driven model, on the other hand, is inherently leaner and more adaptable. It is not charity but survival. When survival is tied to delivering what people want, scale follows naturally.

The real magic happens when profitable, sustainable businesses are built on top of open protocols and software. Consider the many startups building on open source software stacks, such as Start9, Mempool, and Primal, offering premium services on top of the open source software they build out and maintain. Think of companies like Block or Strike, which leverage bitcoin’s open protocol to offer their services on top. These businesses amplify the open software and protocols they build on, driving adoption and improvement at a pace donations alone could never match.

When you combine open software and protocols with profit driven business the result are lean, sustainable companies that grow faster and serve more people than either could alone. Bitcoin’s network, for instance, benefits from businesses that profit off its existence, while nostr will expand as developers monetize apps built on the protocol.

Capitalism scales best because competition results in efficiency. Donation funded protocols and software lay the groundwork, while market driven businesses build on top. The profit incentive acts as a filter, ensuring resources flow to what works, while open systems keep the playing field accessible, empowering users and builders. Together, they create a flywheel of innovation, growth, and global benefit.

@ 6ad3e2a3:c90b7740

I https://www.chrisliss.com/p/mstr a few months ago with the subtitle “The Only Stock,” and I’m starting to regret it. Now, it was trading at 396 on January 20 when I posted it and 404 now (even if it dipped 40 percent to 230 or so in between), but that’s not why I regret it. I pointed out it was not investable unless you’re willing to stomach large drawdowns, and anyone who bought then could exit with a small profit now had they not panic-sold along the way.

The reason I regret it is I don’t want to make public stock predictions because it adds stress to my life. I have not sold any of my shares yet, but something I’ve noticed recently has got me thinking about it, and stock tips are like a game of telephone wherein whoever is last in the chain might find out the wrong information and too late. And while every adult has agency and is responsible for his own financial decisions, I don’t want my readers losing money on account of anything I write.

My base case is still that MSTR becomes a trillion-dollar company, destroys the performance of the S&P, the Mag-7 and virtually any other equity portfolio most people would assemble. Michael Saylor is trading an infinitely-printable asset (his shares) for humanity’s best-ever, finite-supply digital gold, and that trade should be profitable for him and his shareholders in perpetuity.

I don’t know exactly what he plans to do when that trade is no longer available to him — either because no one takes fiat currency for bitcoin anymore or because his mNAV (market-cap-to-bitcoin-holding ratio) goes below one — but that’s not my main concern, either. At that point he’ll have so much bitcoin, he’ll probably become the world’s first and largest bitcoin bank and profit by making his pristine collateral available to individuals and institutions. Even at five percent interest, half a trillion in bitcoin would yield $25B in profits every year. Even at a modest 10x valuation, the stock would more than double from here.

I am also not overly concerned with Saylor’s present amount of convertible debt which is at low or zero rates and is only https://www.strategy.com/. He’s been conservative on that front and only issuing on favorable terms. I don’t doubt Saylor’s prescience, intelligence or business sense one bit.

What got me thinking were some Twitter posts by a former Salomon Brothers trader/prophet Josh Mandell https://x.com/JoshMandell6/status/1921597739458339193 recently. In November when bitcoin was mooning after the election, he predicted that on March 14th it would close at $84,000, and if it did it would then go on an epic run up to $444,000 this cycle.

A lot of people make predictions, a few of them come true, but rarely do they come true on the dot (it closed at exactly $84K according to some exchanges) and on such a specific timeframe. Now, maybe he just got lucky, or maybe he is a skilled trader who made one good prediction, but the reason he gave for his prediction, insofar as he gave one, was not some technical chart or quantitative analysis, but a memory he had from 30 years ago that got into his mind that he couldn’t shake. He didn’t get much more specific than that, other than that he was tuned into something that if he explained fully would make too many people think he had gone insane. And then the prediction came true on the dot months later.

Now I believe in the paranormal more than the average person. I do not think things are random, and insofar as they appear that way it’s only because we have incomplete information — even a coin toss is predictable if you knew the exact force and spin that was put on the coin. I think for whatever reason, this guy is plugged into something, and while I would never invest a substantial amount of money on that belief — not only are earnestly-made prophecies often delusions or even if correct wrongly interpreted — that he sold makes me think.

He gave more substantive reasons for selling than prophecy, by the way — he seems to think Saylor’s perpetual issuance of shares ATM (at the market) to buy more bitcoin is putting too much downward pressure on the stock. Obviously, selling shares — even if to buy the world’s most pristine collateral at a 2x-plus mNAV — reduces the short-term appreciation of those shares.

His thesis seems to be that Saylor is doing this even if he would be better off letting the price appreciate more, attracting more investors, squeezing more shorts, etc because he needs to improve his credit rating to tap into the convertible debt market to the extent he has promised ($42 billion more over the next few years) at favorable terms. But in doing this, he is souring common stock investors because they are not seeing the near-term appreciation they should on their holdings.

Now this is a trivial concern if over the long haul MSTR does what it has the last couple years which is to outperform by a wide margin not only every large cap stock and the S&P but bitcoin itself. And the bigger his stack of bitcoin, the more his stock should appreciate as bitcoin goes up. But markets do not operate linearly and rationally. Should he sour prospective buyers to a great enough extent, should he attract shorts (and supply them with available shares to borrow) to a great enough extent, perhaps there might be an mNAV-crushing cascade that drives people into other bitcoin treasury companies, ETFs or bitcoin itself.

Now Saylor as first mover and by far the largest publicly-traded treasury company has a significant advantage. Institutions are far less likely to invest in size in smaller treasury companies with shorter track records, and many of them are not allowed to invest in ETFs or bitcoin at all. And even if a lot of money did go into any of those vehicles, it would only drive the value of his assets up and hence his stock price, no matter the mNAV. But Josh Mandell sold his shares prior to a weekend where bitcoin went from 102K to 104K, the US announced a deal with China, the mag-7 had a big spike (AAPL was up 6.3 percent) and then MSTR’s stock went down from 416 to 404. As I said, he is on to something.

So what’s the real long-term risk? I don’t know. Maybe there’s something about the nature of bitcoin that long-term is not really amenable to third-party custody and administration. It’s a bearer asset (“not your keys, not your coins”), and introducing counterparty risk is antithetical to its core purpose, the separation of money and state, or in this case money and bank.

With the bitcoin network you can literally “be your own bank.” To transact in digital dollars you need a bank account — or at least a stable coin one mediated by a centralized entity like Tether. You can’t hold digital dollars in your mind via some memorized seed words like you can bitcoin, accessible anywhere in the world, the ledger of which is maintained by tens of thousands of individually-run nodes. This property which democratizes value storage in the way gold did, except now you can wield your purchasing power globally, might be so antithetical to communal storage via corporation or bank that doing so is doomed to catastrophe.

We’ve already seen this happen with exchanges via FTX and Mt. Gox. Counterparty risk is one of the problems bitcoin was created to solve, so moving that risk from a fractionally reserved international banking system to corporate balance sheets still very much a part of that system is probably not the seismic advancement integral to the technology’s promise.

But this is more of a philosophical concern rather than a concrete one. To get more specific, it’s easy to imagine Coinbase, if indeed that’s where MSTR custodies its coins, gets hacked or https://www.chrisliss.com/p/soft-landing, i.e., seized by an increasingly desperate and insolvent government. Or maybe Coinbase simply doesn’t have the coins it purports like FTX, or a rogue band of employees, working on behalf of some powerful faction for “https://www.chrisliss.com/national-security-and-public-healt” executes the rug pull. Even if you deem these scenarios unlikely, they are not unfathomable.

Beyond outright counterparty malfeasance, there are other risks — what if owning common stock in an enterprise that simply holds bitcoin falls out of favor? Imagine if some new individual custody solution emerges wherein you have direct access to the coins themselves in an “even a boomer can do this” kind of way wherein there’s no compelling reason to own common stock with its junior claims to the capital stack in the event of insolvency? Why stand in line behind debt holders and preferred shares when you can invest in something that’s directly withdrawable and accessible if world events spike volatility to a systemic breaking point?

Things need not even get that rocky for this to be a concern — just the perception that they might could spook people into realizing common stock of a corporate balance sheet might be less than ideal as your custody solution.

Moreover, Saylor himself presents some risk. He could be compromised or blackmailed, he could lose his cool or get into an accident. These are low-probability scenarios, but also not unfathomable as any single point of failure is a target, especially for those factions who stand to lose unimaginable wealth and power should his speculative attack on the system succeed at scale.

Finally, even if Saylor remains free to operate as he sees fit, there is what I’d call the Icarus risk — he might be too ambitious, too hell-bent on acquiring bitcoin at all costs, too much of a maniac in service of his vision. Remember, he initially bought bitcoin during the covid crash and concomitant massive money print upon his prescient realization that businesses providing goods and services couldn’t possibly keep pace with inflation over the long haul. He was merely playing defense to preserve his capital, and now, despite his sizable lead and secured position is still throwing forward passes in the fourth quarter rather than running out the clock and securing the W.

Saylor is now arguably less a bitcoin maximalist and advocate, articulately making the case for superior money and individual sovereignty, but a corporate titan hell-bent on world domination via apex-predator-status balance sheet. When is enough enough? Many of the greatest conquerors in history pushed their empires too far until they fractured. In fact, 25 years ago MSTR was a big winner before the dot-com crash during which its stock price and most of Saylor’s fortune were wiped out when he was sued by the SEC for accounting fraud (he subsequently settled).

Now it’s possible, he learned from that experience, got up off the mat and figured out how to avoid his youthful mistakes. But it’s also possible his character is such that he will repeat it again, only this time at scale.

But as I said, my base case is MSTR is a trillion-dollar market cap, and the stock runs in parallel with bitcoin’s ascendance over the next decade. Saylor has been https://www.strategy.com/, prescient, bold and responsible so far over this iteration. I view Mandell’s concerns as valid, but similar to Wall St’s ones about AMZN’s Jeff Bezos who relentlessly ignored their insistence on profitability for a decade as he plowed every dollar into building out productive capacity and turned the company into the $2T world-dominating retail giant it is now.

Again, I haven’t (yet) sold any of my shares or even call options. But because I posted about this in January I felt I should at least follow-up with a more detailed rundown of what I take to be the risks. As always, do your own due diligence with any prospective investment.

@ 6ad3e2a3:c90b7740

When I was a kid, I wanted to be rich, but found the prospect of hard work tedious, pointless and soul-crushing. Instead of studying for exams, getting some job and clawing your way up the ladder, I wondered why we couldn’t just build a device that measured your brain capacity and awarded you the money you would have made had you applied yourself. Eliminate the middleman, so to speak, the useless paper pushing evoked by the word “career.”

But when you think about it, it’s not really money you’re after, as money is but purchasing power, and so it’s the things money can provide like a nice lifestyle and the peace of mind that comes from not worrying about it. And it’s not really the lifestyle or financial independence, per se, since moment to moment what’s in your bank account isn’t determining your mental state, but the feeling those things give you — a sense of expansiveness and freedom.

But if you did have such a machine, and it awarded you the money, you probably wouldn’t have that kind of expansiveness and freedom, especially if you did nothing to achieve those things. You would still feel bored, distracted and unsatisfied despite unrestricted means to travel or dine out as you saw fit. People who win the lottery, for example, tend to revert to their prior level of satisfaction in short order.

The feeling you really want then is the sense of rising to a challenge, negotiating and adapting to your environment, persevering in a state of uncertainty, tapping into your resourcefulness and creativity. It’s only while operating at the edge of your capacity you could ever be so fulfilled. In fact, in such a state the question of your satisfaction level would never come up. You wouldn’t even think to wonder about it you’d be so engrossed.

So what you really crave is a mind device that encourages you to adapt to your environment using your full creative capabilities in the present moment, so much so you realize if you do not do this, you have the sense of squandering your life in a tedious, pointless and soul-crushing way. You need to be totally stuck, without the option of turning back. In sum, you need to face reality exactly as it is, without any escape therefrom.

The measure of your mind in that case is your reality itself. The device is already with you — it’s the world you are presently creating with the consciousness you have, providing you avenues to escape, none of which are satisfactory, none that can lead to the state you truly desire. You have a choice to pursue them fruitlessly and wind up at square one, or to abandon them and attain your freedom. No matter how many times you go down a false road, you wind up at the same place until you give up on the Sisyphean task and proceed in earnest.

My childhood fantasy was real, it turns out, only I had misunderstood its meaning.

@ 39cc53c9:27168656

Read the original blog post

The new website is finally live! I put in a lot of hard work over the past months on it. I'm proud to say that it's out now and it looks pretty cool, at least to me!

Why rewrite it all?

The old kycnot.me site was built using Python with Flask about two years ago. Since then, I've gained a lot more experience with Golang and coding in general. Trying to update that old codebase, which had a lot of design flaws, would have been a bad idea. It would have been like building on an unstable foundation.

That's why I made the decision to rewrite the entire application. Initially, I chose to use SvelteKit with JavaScript. I did manage to create a stable site that looked similar to the new one, but it required Jav aScript to work. As I kept coding, I started feeling like I was repeating "the Python mistake". I was writing the app in a language I wasn't very familiar with (just like when I was learning Python at that mom ent), and I wasn't happy with the code. It felt like spaghetti code all the time.

So, I made a complete U-turn and started over, this time using Golang. While I'm not as proficient in Golang as I am in Python now, I find it to be a very enjoyable language to code with. Most aof my recent pr ojects have been written in Golang, and I'm getting the hang of it. I tried to make the best decisions I could and structure the code as well as possible. Of course, there's still room for improvement, which I'll address in future updates.

Now I have a more maintainable website that can scale much better. It uses a real database instead of a JSON file like the old site, and I can add many more features. Since I chose to go with Golang, I mad e the "tradeoff" of not using JavaScript at all, so all the rendering load falls on the server. But I believe it's a tradeoff that's worth it.

What's new

• UI/UX - I've designed a new logo and color palette for kycnot.me. I think it looks pretty cool and cypherpunk. I am not a graphic designer, but I think I did a decent work and I put a lot of thinking on it to make it pleasant!
• Point system - The new point system provides more detailed information about the listings, and can be expanded to cover additional features across all services. Anyone can request a new point!
• ToS Scrapper: I've implemented a powerful automated terms-of-service scrapper that collects all the ToS pages from the listings. It saves you from the hassle of reading the ToS by listing the lines that are suspiciously related to KYC/AML practices. This is still in development and it will improve for sure, but it works pretty fine right now!
• Search bar - The new search bar allows you to easily filter services. It performs a full-text search on the Title, Description, Category, and Tags of all the services. Looking for VPN services? Just search for "vpn"!
• Transparency - To be more transparent, all discussions about services now take place publicly on GitLab. I won't be answering any e-mails (an auto-reply will prompt to write to the corresponding Gitlab issue). This ensures that all service-related matters are publicly accessible and recorded. Additionally, there's a real-time audits page that displays database changes.
• Listing Requests - I have upgraded the request system. The new form allows you to directly request services or points without any extra steps. In the future, I plan to enable requests for specific changes to parts of the website.
• Lightweight and fast - The new site is lighter and faster than its predecessor!
• Tor and I2P - At last! kycnot.me is now officially on Tor and I2P!

How?

This rewrite has been a labor of love, in the end, I've been working on this for more than 3 months now. I don't have a team, so I work by myself on my free time, but I find great joy in helping people on their private journey with cryptocurrencies. Making it easier for individuals to use cryptocurrencies without KYC is a goal I am proud of!

If you appreciate my work, you can support me through the methods listed here. Alternatively, feel free to send me an email with a kind message!

Technical details

All the code is written in Golang, the website makes use of the chi router for the routing part. I also make use of BigCache for caching database requests. There is 0 JavaScript, so all the rendering load falls on the server, this means it needed to be efficient enough to not drawn with a few users since the old site was reporting about 2M requests per month on average (note that this are not unique users).

The database is running with mariadb, using gorm as the ORM. This is more than enough for this project. I started working with an sqlite database, but I ended up migrating to mariadb since it works better with JSON.

The scraper is using chromedp combined with a series of keywords, regex and other logic. It runs every 24h and scraps all the services. You can find the scraper code here.

The frontend is written using Golang Templates for the HTML, and TailwindCSS plus DaisyUI for the CSS classes framework. I also use some plain CSS, but it's minimal.

The requests forms is the only part of the project that requires JavaScript to be enabled. It is needed for parsing some from fields that are a bit complex and for the "captcha", which is a simple Proof of Work that runs on your browser, destinated to avoid spam. For this, I use mCaptcha.

@ 472f440f:5669301e

Marty's Bent

via me

Don't sleep on what's happening in Japan right now. We've been covering the country and the fact that they've lost control of their yield curve since late last year. After many years of making it a top priority from a monetary policy perspective, last year the Bank of Japan decided to give up on yield curve control in an attempt to reel inflation. This has sent yields for the 30-year and 40-year Japanese government bonds to levels not seen since the early 2000s in the case of the 30-year and levels never before seen for the 40-year, which was launched in 2007. With a debt to GDP ratio that has surpassed 250% and a population that is aging out with an insufficient amount of births to replace the aging workforce, it's hard to see how Japan can get out of this conundrum without some sort of economic collapse.

This puts the United States in a tough position considering the fact that Japan is one of the largest holders of U.S. Treasury bonds with more than 1,135 sats | $1.20 trillion in exposure. If things get too out of control in Japan and the yield curve continues to drift higher and inflation continues to creep higher Japan can find itself in a situation where it's a forced seller of US Treasuries as they attempt to strengthen the yen. Another aspect to consider is the fact that investors may see the higher yields on Japanese government bonds and decide to purchase them instead of US Treasuries. This is something to keep an eye on in the weeks to come. Particularly if higher rates drive a higher cost of capital, which leads to even more inflation. As producers are forced to increase their prices to ensure that they can manage their debt repayments.

It's never a good sign when the Japanese Prime Minister is coming out to proclaim that his country's financial situation is worse than Greece's, which has been a laughing stock of Europe for the better part of three decades. Japan is a very proud nation, and the fact that its Prime Minister made a statement like this should not be underappreciated.

As we noted last week, the 10-year and 30-year U.S. Treasury bonds are drifting higher as well. Earlier today, the 30-year bond yield surpassed 5%, which has been a psychological level that many have been pointed to as a critical tipping point. When you take a step back and look around the world it seems pretty clear that bond markets are sending a very strong signal. And that signal is that something is not well in the back end of the financial system.

This is even made clear when you look at the private sector, particularly at consumer debt. In late March, we warned of the growing trend of buy now, pay later schemes drifting down market as major credit card companies released charge-off data which showed charge-off rates reaching levels not seen since the 2008 great financial crisis. At the time, we could only surmise that Klarna was experiencing similar charge-off rates on the bigger-ticket items they financed and started doing deals with companies like DoorDash to finance burrito deliveries in an attempt to move down market to finance smaller ticket items with a higher potential of getting paid back. It seems like that inclination was correct as Klarna released data earlier today showing more losses on their book as consumers find it extremely hard to pay back their debts.

via NewsWire

This news hit the markets on the same day as the average rate of the 30-year mortgage in the United States rose to 7.04%. I'm not sure if you've checked lately, but real estate prices are still relatively elevated outside of a few big cities who expanded supply significantly during the COVID era as people flooded out of blue states towards red states. It's hard to imagine that many people can afford a house based off of sticker price alone, but with a 7% 30-year mortgage rate it's becoming clear that the ability of the Common Man to buy a house is simply becoming impossible.

via Lance Lambert

The mortgage rate data is not the only thing you need to look at to understand that it's becoming impossible for the Common Man of working age to buy a house. New data has recently been released that highlights That the median home buyer in 2007 was born in 1968, and the median home buyer in 2024 was born in 1968. Truly wild when you think of it. As our friend Darth Powell cheekily highlights below, we find ourselves in a situation where boomers are simply trading houses and the younger generations are becoming indentured slaves. Forever destined to rent because of the complete inability to afford to buy a house.

via Darth Powell

via Yahoo Finance

Meanwhile, Bitcoin re-approached all-time highs late this evening and looks primed for another breakout to the upside. This makes sense if you're paying attention. The high-velocity trash economy running on an obscene amount of debt in both the public and private sectors seems to be breaking at the seams. All the alarm bells are signaling that another big print is coming. And if you hope to preserve your purchasing power or, ideally, increase it as the big print approaches, the only thing that makes sense is to funnel your money into the hardest asset in the world, which is Bitcoin.

via Bitbo

Buckle up, freaks. It's gonna be a bumpy ride. Stay humble, Stack Sats.

Trump's Middle East Peace Strategy: Redefining U.S. Foreign Policy

In his recent Middle East tour, President Trump signaled what our guest Dr. Anas Alhajji calls "a major change in US policy." Trump explicitly rejected the nation-building strategies of his predecessors, contrasting the devastation in Afghanistan and Iraq with the prosperity of countries like Saudi Arabia and UAE. This marks a profound shift from both Republican and Democratic foreign policy orthodoxy. As Alhajji noted, Trump's willingness to meet with Syrian President Assad follows a historical pattern where former adversaries eventually become diplomatic partners.

"This is really one of the most important shifts in US foreign policy to say, look, sorry, we destroyed those countries because we tried to rebuild them and it was a big mistake." - Dr. Anas Alhajji

The administration's new approach emphasizes negotiation over intervention. Rather than military solutions, Trump is engaging with groups previously considered off-limits, including the Houthis, Hamas, and Iran. This pragmatic stance prioritizes economic cooperation and regional stability over ideological confrontation. The focus on trade deals and investment rather than regime change represents a fundamental reimagining of America's role in the Middle East.

Check out the full podcast here for more on the Iran nuclear situation, energy market predictions, and why AI development could create power grid challenges. Only on TFTC Studio.

Headlines of the Day

Bitcoin Soars to 100,217 sats | $106.00K While Bonds Lose 40% Since 2020 - via X

US Senate Advances Stablecoin Bill As America Embraces Bitcoin - via X

Get our new STACK SATS hat - via tftcmerch.io

Texas House Debates Bill For State-Run Bitcoin Reserve - via X

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Ten31, the largest bitcoin-focused investor, has deployed 158,469 sats | $150.00M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.

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@ 08f96856:ffe59a09

เมื่อพูดถึง Bitcoin Standard หลายคนมักนึกถึงภาพโลกอนาคตที่ทุกคนใช้บิตคอยน์ซื้อกาแฟหรือของใช้ในชีวิตประจำวัน ภาพแบบนั้นดูเหมือนไกลตัวและเป็นไปไม่ได้ในความเป็นจริง หลายคนถึงกับพูดว่า “คงไม่ทันเห็นในช่วงชีวิตนี้หรอก” แต่ในมุมมองของผม Bitcoin Standard อาจไม่ได้เริ่มต้นจากการที่เราจ่ายบิตคอยน์โดยตรงในร้านค้า แต่อาจเริ่มจากบางสิ่งที่เงียบกว่า ลึกกว่า และเกิดขึ้นแล้วในขณะนี้ นั่นคือ การล่มสลายทีละน้อยของระบบเฟียตที่เราใช้กันอยู่

ระบบเงินที่อิงกับอำนาจรัฐกำลังเข้าสู่ช่วงขาลง รัฐบาลทั่วโลกกำลังจมอยู่ในภาระหนี้ระดับประวัติการณ์ แม้แต่ประเทศมหาอำนาจก็เริ่มแสดงสัญญาณของภาวะเสี่ยงผิดนัดชำระหนี้ อัตราเงินเฟ้อกลายเป็นปัญหาเรื้อรังที่ไม่มีท่าทีจะหายไป ธนาคารที่เคยโอนฟรีเริ่มกลับมาคิดค่าธรรมเนียม และประชาชนก็เริ่มรู้สึกถึงการเสื่อมศรัทธาในระบบการเงินดั้งเดิม แม้จะยังพูดกันไม่เต็มเสียงก็ตาม

ในขณะเดียวกัน บิตคอยน์เองก็กำลังพัฒนาแบบเงียบ ๆ เงียบ... แต่ไม่เคยหยุด โดยเฉพาะในระดับ Layer 2 ที่เริ่มแสดงศักยภาพอย่างจริงจัง Lightning Network เป็น Layer 2 ที่เปิดใช้งานมาได้ระยะเวลสหนึ่ง และยังคงมีบทบาทสำคัญที่สุดในระบบนิเวศของบิตคอยน์ มันทำให้การชำระเงินเร็วขึ้น มีต้นทุนต่ำ และไม่ต้องบันทึกทุกธุรกรรมลงบล็อกเชน เครือข่ายนี้กำลังขยายตัวทั้งในแง่ของโหนดและการใช้งานจริงทั่วโลก

ขณะเดียวกัน Layer 2 ทางเลือกอื่นอย่าง Ark Protocol ก็กำลังพัฒนาเพื่อตอบโจทย์ด้านความเป็นส่วนตัวและประสบการณ์ใช้งานที่ง่าย BitVM เปิดแนวทางใหม่ให้บิตคอยน์รองรับ smart contract ได้ในระดับ Turing-complete ซึ่งทำให้เกิดความเป็นไปได้ในกรณีใช้งานอีกมากมาย และเทคโนโลยีที่น่าสนใจอย่าง Taproot Assets, Cashu และ Fedimint ก็ทำให้การออกโทเคนหรือสกุลเงินที่อิงกับบิตคอยน์เป็นจริงได้บนโครงสร้างของบิตคอยน์เอง

เทคโนโลยีเหล่านี้ไม่ใช่การเติบโตแบบปาฏิหาริย์ แต่มันคืบหน้าอย่างต่อเนื่องและมั่นคง และนั่นคือเหตุผลที่มันจะ “อยู่รอด” ได้ในระยะยาว เมื่อฐานของความน่าเชื่อถือไม่ใช่บริษัท รัฐบาล หรือทุน แต่คือสิ่งที่ตรวจสอบได้และเปลี่ยนกฎไม่ได้

แน่นอนว่าบิตคอยน์ต้องแข่งขันกับ stable coin, เงินดิจิทัลของรัฐ และ cryptocurrency อื่น ๆ แต่สิ่งที่ทำให้มันเหนือกว่านั้นไม่ใช่ฟีเจอร์ หากแต่เป็นความทนทาน และความมั่นคงของกฎที่ไม่มีใครเปลี่ยนได้ ไม่มีทีมพัฒนา ไม่มีบริษัท ไม่มีประตูปิด หรือการยึดบัญชี มันยืนอยู่บนคณิตศาสตร์ พลังงาน และเวลา

หลายกรณีใช้งานที่เคยถูกทดลองในโลกคริปโตจะค่อย ๆ เคลื่อนเข้ามาสู่บิตคอยน์ เพราะโครงสร้างของมันแข็งแกร่งกว่า ไม่ต้องการทีมพัฒนาแกนกลาง ไม่ต้องพึ่งกลไกเสี่ยงต่อการผูกขาด และไม่ต้องการ “ความเชื่อใจ” จากใครเลย

Bitcoin Standard ที่ผมพูดถึงจึงไม่ใช่การเปลี่ยนแปลงแบบพลิกหน้ามือเป็นหลังมือ แต่คือการ “เปลี่ยนฐานของระบบ” ทีละชั้น ระบบการเงินใหม่ที่อิงอยู่กับบิตคอยน์กำลังเกิดขึ้นแล้ว มันไม่ใช่โลกที่ทุกคนถือเหรียญบิตคอยน์ แต่มันคือโลกที่คนใช้อาจไม่รู้ตัวด้วยซ้ำว่า “สิ่งที่เขาใช้นั้นอิงอยู่กับบิตคอยน์”

ผู้คนอาจใช้เงินดิจิทัลที่สร้างบน Layer 3 หรือ Layer 4 ผ่านแอป ผ่านแพลตฟอร์ม หรือผ่านสกุลเงินใหม่ที่ดูไม่ต่างจากเดิม แต่เบื้องหลังของระบบจะผูกไว้กับบิตคอยน์

และถ้ามองในเชิงพัฒนาการ บิตคอยน์ก็เหมือนกับอินเทอร์เน็ต ครั้งหนึ่งอินเทอร์เน็ตก็ถูกมองว่าเข้าใจยาก ต้องพิมพ์ http ต้องรู้จัก TCP/IP ต้องตั้ง proxy เอง แต่ปัจจุบันผู้คนใช้งานอินเทอร์เน็ตโดยไม่รู้ว่าเบื้องหลังมีอะไรเลย บิตคอยน์กำลังเดินตามเส้นทางเดียวกัน โปรโตคอลกำลังถอยออกจากสายตา และวันหนึ่งเราจะ “ใช้มัน” โดยไม่ต้องรู้ว่ามันคืออะไร

หากนับจากช่วงเริ่มต้นของอินเทอร์เน็ตในยุค 1990 จนกลายเป็นโครงสร้างหลักของโลกในสองทศวรรษ เส้นเวลาของบิตคอยน์ก็กำลังเดินตามรอยเท้าของอินเทอร์เน็ต และถ้าเราเชื่อว่าวัฏจักรของเทคโนโลยีมีจังหวะของมันเอง เราก็จะรู้ว่า Bitcoin Standard นั้นไม่ใช่เรื่องของอนาคตไกลโพ้น แต่มันเกิดขึ้นแล้ว

siamstr

@ 7460b7fd:4fc4e74b

如果比特币发明了真正的钱，那么 Crypto 是什么？

引言

比特币诞生之初就以“数字黄金”姿态示人，被支持者誉为人类历史上第一次发明了真正意义上的钱——一种不依赖国家信用、总量恒定且不可篡改的硬通货。然而十多年过去，比特币之后蓬勃而起的加密世界（Crypto）已经远超“货币”范畴：从智能合约平台到去中心组织，从去央行的稳定币到戏谑荒诞的迷因币，Crypto 演化出一个丰富而混沌的新生态。这不禁引发一个根本性的追问：如果说比特币解决了“真金白银”的问题，那么 Crypto 又完成了什么发明？

Crypto 与政治的碰撞：随着Crypto版图扩张，全球政治势力也被裹挟进这场金融变革洪流（示意图）。比特币的出现重塑了货币信用，但Crypto所引发的却是一场更深刻的政治与治理结构实验。从华尔街到华盛顿，从散户论坛到主权国家，越来越多人意识到：Crypto不只是技术或金融现象，而是一种全新的政治表达结构正在萌芽。正如有激进论者所断言的：“比特币发明了真正的钱，而Crypto则在发明新的政治。”价格K线与流动性曲线，或许正成为这个时代社群意志和社会价值观的新型投射。

冲突结构：当价格挑战选票

传统政治中，选票是人民意志的载体，一人一票勾勒出民主治理的正统路径。而在链上的加密世界里，骤升骤降的价格曲线和真金白银的买卖行为却扮演起了选票的角色：资金流向成了民意走向，市场多空成为立场表决。价格行为取代选票，这听来匪夷所思，却已在Crypto社群中成为日常现实。每一次代币的抛售与追高，都是社区对项目决策的即时“投票”；每一根K线的涨跌，都折射出社区意志的赞同或抗议。市场行为本身承担了决策权与象征权——价格即政治，正在链上蔓延。

这一新生政治形式与旧世界的民主机制形成了鲜明冲突。bitcoin.org中本聪在比特币白皮书中提出“一CPU一票”的工作量证明共识，用算力投票取代了人为决策bitcoin.org。而今，Crypto更进一步，用资本市场的涨跌来取代传统政治的选举。支持某项目？直接购入其代币推高市值；反对某提案？用脚投票抛售资产。相比漫长的选举周期和层层代议制，链上市场提供了近乎实时的“公投”机制。但这种机制也引发巨大争议：资本的投票天然偏向持币多者（富者）的意志，是否意味着加密政治更为金权而非民权？持币多寡成为影响力大小，仿佛选举演变成了“一币一票”，巨鲸富豪俨然掌握更多话语权。这种与民主平等原则的冲突，成为Crypto政治形式饱受质疑的核心张力之一。

尽管如此，我们已经目睹市场投票在Crypto世界塑造秩序的威力：2016年以太坊因DAO事件分叉时，社区以真金白银“投票”决定了哪条链获得未来。arkhamintelligence.com结果是新链以太坊（ETH）成为主流，其市值一度超过2,800亿美元，而坚持原则的以太经典（ETC）市值不足35亿美元，不及前者的八十分之一arkhamintelligence.com。市场选择清楚地昭示了社区的政治意志。同样地，在比特币扩容之争、各类硬分叉博弈中，无不是由投资者和矿工用资金与算力投票，胜者存续败者黯然。价格成为裁决纷争的最终选票，冲击着传统“选票决胜”的政治理念。Crypto的价格民主，与现代代议民主正面相撞，激起当代政治哲思中前所未有的冲突火花。

治理与分配

XRP对决SEC成为了加密世界“治理与分配”冲突的经典战例。2020年底，美国证券交易委员会（SEC）突然起诉Ripple公司，指控其发行的XRP代币属于未注册证券，消息一出直接引爆市场恐慌。XRP价格应声暴跌，一度跌去超过60%，最低触及0.21美元coindesk.com。曾经位居市值前三的XRP险些被打入谷底，监管的强硬姿态似乎要将这个项目彻底扼杀。

然而XRP社区没有选择沉默。 大批长期持有者组成了自称“XRP军团”（XRP Army）的草根力量，在社交媒体上高调声援Ripple，对抗监管威胁。面对SEC的指控，他们集体发声，质疑政府选择性执法，声称以太坊当年发行却“逍遥法外”，只有Ripple遭到不公对待coindesk.com。正如《福布斯》的评论所言：没人预料到愤怒的加密散户投资者会掀起法律、政治和社交媒体领域的‘海啸式’反击，痛斥监管机构背弃了保护投资者的承诺crypto-law.us。这种草根抵抗监管的话语体系迅速形成：XRP持有者不但在网上掀起舆论风暴，还采取实际行动向SEC施压。他们发起了请愿，抨击SEC背离保护投资者初衷、诉讼给个人投资者带来巨大伤害，号召停止对Ripple的上诉纠缠——号称这是在捍卫全球加密用户的共同利益bitget.com。一场由民间主导的反监管运动就此拉开帷幕。

Ripple公司则选择背水一战，拒绝和解，在法庭上与SEC针锋相对地鏖战了近三年之久。Ripple坚称XRP并非证券，不应受到SEC管辖，即使面临沉重法律费用和业务压力也不妥协。2023年，这场持久战迎来了标志性转折：美国法庭作出初步裁决，认定XRP在二级市场的流通不构成证券coindesk.com。这一胜利犹如给沉寂已久的XRP注入强心针——消息公布当天XRP价格飙涨近一倍，盘中一度逼近1美元大关coindesk.com。沉重监管阴影下苟延残喘的项目，凭借司法层面的突破瞬间重获生机。这不仅是Ripple的胜利，更被支持者视为整个加密行业对SEC强权的一次胜仗。

XRP的对抗路线与某些“主动合规”的项目形成了鲜明对比。 稳定币USDC的发行方Circle、美国最大合规交易所Coinbase等选择了一条迎合监管的道路：它们高调拥抱现行法规，希望以合作换取生存空间。然而现实却给了它们沉重一击。USDC稳定币在监管风波中一度失去美元锚定，哪怕Circle及时披露储备状况也无法阻止恐慌蔓延，大批用户迅速失去信心，短时间内出现数十亿美元的赎回潮blockworks.co。Coinbase则更为直接：即便它早已注册上市、反复向监管示好，2023年仍被SEC指控为未注册证券交易所reuters.com，卷入漫长诉讼漩涡。可见，在迎合监管的策略下，这些机构非但未能换来监管青睐，反而因官司缠身或用户流失而丧失市场信任。 相比之下，XRP以对抗求生存的路线反而赢得了投资者的眼光：价格的涨跌成为社区投票的方式，抗争的勇气反过来强化了市场对它的信心。

同样引人深思的是另一种迥异的治理路径：技术至上的链上治理。 以MakerDAO为代表的去中心化治理模式曾被寄予厚望——MKR持币者投票决策、算法维持稳定币Dai的价值，被视为“代码即法律”的典范。然而，这套纯技术治理在市场层面却未能形成广泛认同，亦无法激发群体性的情绪动员。复杂晦涩的机制使得普通投资者难以参与其中，MakerDAO的治理讨论更多停留在极客圈子内部，在社会大众的政治对话中几乎听不见它的声音。相比XRP对抗监管所激发的铺天盖地关注，MakerDAO的治理实验显得默默无闻、难以“出圈”。这也说明，如果一种治理实践无法连接更广泛的利益诉求和情感共鸣，它在社会政治层面就难以形成影响力。

XRP之争的政治象征意义由此凸显： 它展示了一条“以市场对抗国家”的斗争路线，即通过代币价格的集体行动来回应监管权力的施压。在这场轰动业界的对决中，价格即是抗议的旗帜，涨跌映射着政治立场。XRP对SEC的胜利被视作加密世界向旧有权力宣告的一次胜利：资本市场的投票器可以撼动监管者的强权。这种“价格即政治”的张力，正是Crypto世界前所未有的社会实验：去中心化社区以市场行为直接对抗国家权力，在无形的价格曲线中凝聚起政治抗争的力量，向世人昭示加密货币不仅有技术和资本属性，更蕴含着不可小觑的社会能量和政治意涵。

不可归零的政治资本

Meme 币的本质并非廉价或易造，而在于其构建了一种“无法归零”的社群生存结构。 对于传统观点而言，多数 meme 币只是短命的投机游戏：价格暴涨暴跌后一地鸡毛，创始人套现跑路，投资者血本无归，然后“大家转去炒下一个”theguardian.com。然而，meme 币社群的独特之处在于——失败并不意味着终结，而更像是运动的逗号而非句号。一次币值崩盘后，持币的草根们往往并未散去；相反，他们汲取教训，准备东山再起。这种近乎“不死鸟”的循环，使得 meme 币运动呈现出一种数字政治循环的特质：价格可以归零，但社群的政治热情和组织势能不归零。正如研究者所指出的，加密领域中的骗局、崩盘等冲击并不会摧毁生态，反而成为让系统更加强韧的“健康应激”，令整个行业在动荡中变得更加反脆弱cointelegraph.com。对应到 meme 币，每一次暴跌和重挫，都是社群自我进化、卷土重来的契机。这个去中心化群体打造出一种自组织的安全垫，失败者得以在瓦砾上重建家园。对于草根社群、少数派乃至体制的“失败者”而言，meme 币提供了一个永不落幕的抗争舞台，一种真正反脆弱的政治性。正因如此，我们看到诸多曾被嘲笑的迷因项目屡败屡战：例如 Dogecoin 自2013年问世后历经八年沉浮，早已超越玩笑属性，成为互联网史上最具韧性的迷因之一frontiersin.org；支撑 Dogecoin 的正是背后强大的迷因文化和社区意志，它如同美国霸权支撑美元一样，为狗狗币提供了“永不中断”的生命力frontiersin.org。

“复活权”的数字政治意涵

这种“失败-重生”的循环结构蕴含着深刻的政治意涵：在传统政治和商业领域，一个政党选举失利或一家公司破产往往意味着清零出局，资源散尽、组织瓦解。然而在 meme 币的世界，社群拥有了一种前所未有的“复活权”。当项目崩盘，社区并不必然随之消亡，而是可以凭借剩余的人心和热情卷土重来——哪怕换一个 token 名称，哪怕重启一条链，运动依然延续。正如 Cheems 项目的核心开发者所言，在几乎无人问津、技术受阻的困境下，大多数人可能早已卷款走人，但 “CHEEMS 社区没有放弃，背景、技术、风投都不重要，重要的是永不言弃的精神”cointelegraph.com。这种精神使得Cheems项目起死回生，社区成员齐声宣告“我们都是 CHEEMS”，共同书写历史cointelegraph.com。与传统依赖风投和公司输血的项目不同，Cheems 完全依靠社区的信念与韧性存续发展，体现了去中心化运动的真谛cointelegraph.com。这意味着政治参与的门槛被大大降低：哪怕没有金主和官方背书，草根也能凭借群体意志赋予某个代币新的生命。对于身处社会边缘的群体来说，meme 币俨然成为自组织的安全垫和重新集结的工具。难怪有学者指出，近期涌入meme币浪潮的主力，正是那些对现实失望但渴望改变命运的年轻人theguardian.com——“迷茫的年轻人，想要一夜暴富”theguardian.com。meme币的炒作表面上看是投机赌博，但背后蕴含的是草根对既有金融秩序的不满与反抗：没有监管和护栏又如何？一次失败算不得什么，社区自有后路和新方案。这种由底层群众不断试错、纠错并重启的过程，本身就是一种数字时代的新型反抗运动和群众动员机制。

举例而言，Terra Luna 的沉浮充分展现了这种“复活机制”的政治力量。作为一度由风投资本热捧的项目，Luna 币在2022年的崩溃本可被视作“归零”的失败典范——稳定币UST瞬间失锚，Luna币价归零，数十亿美元灰飞烟灭。然而“崩盘”并没有画下休止符。Luna的残余社区拒绝承认失败命运，通过链上治理投票毅然启动新链，“复活”了 Luna 代币，再次回到市场交易reuters.com。正如 Terra 官方在崩盘后发布的推文所宣称：“我们力量永在社区，今日的决定正彰显了我们的韧性”reuters.com。事实上，原链更名为 Luna Classic 后，大批所谓“LUNC 军团”的散户依然死守阵地，誓言不离不弃；他们自发烧毁巨量代币以缩减供应、推动技术升级，试图让这个一度归零的项目重新燃起生命之火binance.com。失败者并未散场，而是化作一股草根洪流，奋力托举起项目的残迹。经过迷因化的叙事重塑，这场从废墟中重建价值的壮举，成为加密世界中草根政治的经典一幕。类似的案例不胜枚举：曾经被视为笑话的 DOGE（狗狗币）正因多年社群的凝聚而跻身主流币种，总市值一度高达数百亿美元，充分证明了“民有民享”的迷因货币同样可以笑傲市场frontiersin.org。再看最新的美国政治舞台，连总统特朗普也推出了自己的 meme 币 $TRUMP，号召粉丝拿真金白银来表达支持。该币首日即从7美元暴涨至75美元，两天后虽回落到40美元左右，但几乎同时，第一夫人 Melania 又发布了自己的 $Melania 币，甚至连就职典礼的牧师都跟风发行了纪念币theguardian.com！显然，对于狂热的群众来说，一个币的沉浮并非终点，而更像是运动的换挡——资本市场成为政治参与的新前线，你方唱罢我登场，meme 币的群众动员热度丝毫不减。值得注意的是，2024年出现的 Pump.fun 等平台更是进一步降低了这一循环的技术门槛，任何人都可以一键生成自己的 meme 币theguardian.com。这意味着哪怕某个项目归零，剩余的社区完全可以借助此类工具迅速复制一个新币接力，延续集体行动的火种。可以说，在 meme 币的世界里，草根社群获得了前所未有的再生能力和主动权，这正是一种数字时代的群众政治奇观：失败可以被当作梗来玩，破产能够变成重生的序章。

价格即政治：群众投机的新抗争

meme 币现象的兴盛表明：在加密时代，价格本身已成为一种政治表达。这些看似荒诞的迷因代币，将金融市场变成了群众宣泄情绪和诉求的另一个舞台。有学者将此概括为“将公民参与直接转化为了投机资产”cdn-brighterworld.humanities.mcmaster.ca——也就是说，社会运动的热情被注入币价涨跌，政治支持被铸造成可以交易的代币。meme 币融合了金融、技术与政治，通过病毒般的迷因文化激发公众参与，形成对现实政治的某种映射cdn-brighterworld.humanities.mcmaster.caosl.com。当一群草根投入全部热忱去炒作一枚毫无基本面支撑的币时，这本身就是一种大众政治动员的体现：币价暴涨，意味着一群人以戏谑的方式在向既有权威叫板；币价崩盘，也并不意味着信念的消亡，反而可能孕育下一次更汹涌的造势。正如有分析指出，政治类 meme 币的出现前所未有地将群众文化与政治情绪融入市场行情，价格曲线俨然成为民意和趋势的风向标cdn-brighterworld.humanities.mcmaster.ca。在这种局面下，投机不再仅仅是逐利，还是一种宣示立场、凝聚共识的过程——一次次看似荒唐的炒作背后，是草根对传统体制的不服与嘲讽，是失败者拒绝认输的呐喊。归根结底，meme 币所累积的，正是一种不可被归零的政治资本。价格涨落之间，群众的愤怒、幽默与希望尽显其中；这股力量不因一次挫败而消散，反而在市场的循环中愈发壮大。也正因如此，我们才说“价格即政治”——在迷因币的世界里，价格不只是数字，更是人民政治能量的晴雨表，哪怕归零也终将卷土重来。cdn-brighterworld.humanities.mcmaster.caosl.com

全球新兴现象：伊斯兰金融的入场

当Crypto在西方世界掀起市场治政的狂潮时，另一股独特力量也悄然融入这一场域：伊斯兰金融携其独特的道德秩序，开始在链上寻找存在感。长期以来，伊斯兰金融遵循着一套区别于世俗资本主义的原则：禁止利息（Riba）、反对过度投机（Gharar/Maysir）、强调实际资产支撑和道德投资。当这些原则遇上去中心化的加密技术，会碰撞出怎样的火花？出人意料的是，这两者竟在“以市场行为表达价值”这个层面产生了惊人的共鸣。伊斯兰金融并不拒绝市场机制本身，只是为其附加了道德准则；Crypto则将市场机制推向了政治高位，用价格来表达社群意志。二者看似理念迥异，实则都承认市场行为可以也应当承载社会价值观。这使得越来越多金融与政治分析人士开始关注：当虔诚的宗教伦理遇上狂野的加密市场，会塑造出何种新范式？

事实上，穆斯林世界已经在探索“清真加密”的道路。一些区块链项目致力于确保协议符合伊斯兰教法（Sharia）的要求。例如Haqq区块链发行的伊斯兰币（ISLM），从规则层面内置了宗教慈善义务——每发行新币即自动将10%拨入慈善DAO，用于公益捐赠，以符合天课（Zakat）的教义nasdaq.comnasdaq.com。同时，该链拒绝利息和赌博类应用，2022年还获得了宗教权威的教令（Fatwa）认可其合规性nasdaq.com。再看理念层面，伊斯兰经济学强调货币必须有内在价值、收益应来自真实劳动而非纯利息剥削。这一点与比特币的“工作量证明”精神不谋而合——有人甚至断言法定货币无锚印钞并不清真，而比特币这类需耗费能源生产的资产反而更符合教法初衷cointelegraph.com。由此，越来越多穆斯林投资者开始以道德投资的名义进入Crypto领域，将资金投向符合清真原则的代币和协议。

这种现象带来了微妙的双重合法性：一方面，Crypto世界原本奉行“价格即真理”的世俗逻辑，而伊斯兰金融为其注入了一股道德合法性，使部分加密资产同时获得了宗教与市场的双重背书；另一方面，即便在遵循宗教伦理的项目中，最终决定成败的依然是市场对其价值的认可。道德共识与市场共识在链上交汇，共同塑造出一种混合的新秩序。这一全球新兴现象引发广泛议论：有人将其视为金融民主化的极致表现——不同文化价值都能在市场平台上表达并竞争；也有人警惕这可能掩盖新的风险，因为把宗教情感融入高风险资产，既可能凝聚强大的忠诚度，也可能在泡沫破裂时引发信仰与财富的双重危机。但无论如何，伊斯兰金融的入场使Crypto的政治版图更加丰盈多元。从华尔街交易员到中东教士，不同背景的人们正通过Crypto这个奇特的舞台，对人类价值的表达方式进行前所未有的实验。

升华结语：价格即政治的新直觉

回顾比特币问世以来的这段历程，我们可以清晰地看到一条演进的主线：先有货币革命，后有政治发明。比特币赋予了人类一种真正自主的数字货币，而Crypto在此基础上完成的，则是一项前所未有的政治革新——它让市场价格行为承担起了类似政治选票的功能，开创了一种“价格即政治”的新直觉。在这个直觉下，市场不再只是冷冰冰的交易场所；每一次资本流动、每一轮行情涨落，都被赋予了社会意义和政治涵义。买入即表态，卖出即抗议，流动性的涌入或枯竭胜过千言万语的陈情。Crypto世界中，K线图俨然成为民意曲线，行情图就是政治晴雨表。决策不再由少数权力精英关起门来制定，而是在全球无眠的交易中由无数普通人共同谱写。这样的政治形式也许狂野，也许充满泡沫和噪音，但它不可否认地调动起了广泛的社会参与，让原本疏离政治进程的个体通过持币、交易重新找回了影响力的幻觉或实感。

“价格即政治”并非一句简单的口号，而是Crypto给予世界的全新想象力。它质疑了传统政治的正统性：如果一串代码和一群匿名投资者就能高效决策资源分配，我们为何还需要繁冗的官僚体系？它也拷问着自身的内在隐忧：当财富与权力深度绑定，Crypto政治如何避免堕入金钱统治的老路？或许，正是在这样的矛盾和张力中，人类政治的未来才会不断演化。Crypto所开启的，不仅是技术乌托邦或金融狂欢，更可能是一次对民主形式的深刻拓展和挑战。这里有最狂热的逐利者，也有最理想主义的社群塑梦者；有一夜暴富的神话，也有瞬间破灭的惨痛。而这一切汇聚成的洪流，正冲撞着工业时代以来既定的权力谱系。

当我们再次追问：Crypto究竟是什么？ 或许可以这样回答——Crypto是比特币之后，人类完成的一次政治范式的试验性跃迁。在这里，价格行为化身为选票，资本市场演化为广场，代码与共识共同撰写“社会契约”。这是一场仍在进行的文明实验：它可能无声地融入既有秩序，也可能剧烈地重塑未来规则。但无论结局如何，如今我们已经见证：在比特币发明真正的货币之后，Crypto正在发明真正属于21世纪的政治。它以数字时代的语言宣告：在链上，价格即政治，市场即民意，代码即法律。这，或许就是Crypto带给我们的最直观而震撼的本质启示。

参考资料：

• 中本聪. 比特币白皮书: 一种点对点的电子现金系统. (2008)bitcoin.org

• Arkham Intelligence. Ethereum vs Ethereum Classic: Understanding the Differences. (2023)arkhamintelligence.com

• Binance Square (@渔神的加密日记). 狗狗币价格为何上涨？背后的原因你知道吗？binance.com

• Cointelegraph中文. 特朗普的迷因币晚宴预期内容揭秘. (2025)cn.cointelegraph.com

• 慢雾科技 Web3Caff (@Lisa). 风险提醒：从 LIBRA 看“政治化”的加密货币骗局. (2025)web3caff.com

• Nasdaq (@Anthony Clarke). How Cryptocurrency Aligns with the Principles of Islamic Finance. (2023)nasdaq.comnasdaq.com

• Cointelegraph Magazine (@Andrew Fenton). DeFi can be halal but not DOGE? Decentralizing Islamic finance. (2023)cointelegraph.com

@ 472f440f:5669301e

Marty's Bent

https://www.youtube.com/watch?v=p0Sj1sG05VQ

Here's a great presentation from our good friend nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpp4mhxue69uhkummn9ekx7mqqyz2hj3zg2g3pqwxuhg69zgjhke4pcmjmmdpnndnefqndgqjt8exwj6ee8v7 , President of The Nakamoto Institute titled Hodl for Good. He gave it earlier this year at the BitBlockBoom Conference, and I think it's something everyone reading this should take 25 minutes to watch. Especially if you find yourself wondering whether or not it's a good idea to spend bitcoin at any given point in time. Michael gives an incredible Austrian Economics 101 lesson on the importance of lowering one's time preference and fully understanding the importance of hodling bitcoin. For the uninitiated, it may seem that the hodl meme is nothing more than a call to hoard bitcoins in hopes of getting rich eventually. However, as Michael points out, there's layers to the hodl meme and the good that hodling can bring individuals and the economy overall.

The first thing one needs to do to better understand the hodl meme is to completely flip the framing that is typically thrust on bitcoiners who encourage others to hodl. Instead of ceding that hodling is a greedy or selfish action, remind people that hodling, or better known as saving, is the foundation of capital formation, from which all productive and efficient economic activity stems. Number go up technology is great and it really matters. It matters because it enables anybody leveraging that technology to accumulate capital that can then be allocated toward productive endeavors that bring value to the individual who creates them and the individual who buys them.

When one internalizes this, it enables them to turn to personal praxis and focus on minimizing present consumption while thinking of ways to maximize long-term value creation. Live below your means, stack sats, and use the time that you're buying to think about things that you want in the future. By lowering your time preference and saving in a harder money you will have the luxury of demanding higher quality goods in the future. Another way of saying this is that you will be able to reshape production by voting with your sats. Initially when you hold them off the market by saving them - signaling that the market doesn't have goods worthy of your sats - and ultimately by redeploying them into the market when you find higher quality goods that meet the standards desire.

The first part of this equation is extremely important because it sends a signal to producers that they need to increase the quality of their work. As more and more individuals decide to use bitcoin as their savings technology, the signal gets stronger. And over many cycles we should begin to see low quality cheap goods exit the market in favor of higher quality goods that provide more value and lasts longer and, therefore, make it easier for an individual to depart with their hard-earned and hard-saved sats. This is only but one aspect that Michael tries to imbue throughout his presentation.

The other is the ability to buy yourself leisure time when you lower your time preference and save more than you spend. When your savings hit a critical tipping point that gives you the luxury to sit back and experience true leisure, which Michael explains is not idleness, but the contemplative space to study, create art, refine taste, and to find what "better goods" actually are. Those who can experience true leisure while reaping the benefits of saving in a hard asset that is increasing in purchasing power significantly over the long term are those who build truly great things. Things that outlast those who build them. Great art, great monuments, great institutions were all built by men who were afforded the time to experience leisure. Partly because they were leveraging hard money as their savings and the place they stored the profits reaped from their entrepreneurial endeavors.

If you squint and look into the future a couple of decades, it isn't hard to see a reality like this manifesting. As more people begin to save in Bitcoin, the forces of supply and demand will continue to come into play. There will only ever be 21 million bitcoin, there are around 8 billion people on this planet, and as more of those 8 billion individuals decide that bitcoin is the best savings vehicle, the price of bitcoin will rise.

When the price of bitcoin rises, it makes all other goods cheaper in bitcoin terms and, again, expands the entrepreneurial opportunity. The best part about this feedback loop is that even non-holders of bitcoin benefit through higher real wages and faster tech diffusion. The individuals and business owners who decide to hodl bitcoin will bring these benefits to the world whether you decide to use bitcoin or not.

This is why it is virtuous to hodl bitcoin. The potential for good things to manifest throughout the world increase when more individuals decide to hodl bitcoin. And as Michael very eloquently points out, this does not mean that people will not spend their bitcoin. It simply means that they have standards for the things that they will spend their bitcoin on. And those standards are higher than most who are fully engrossed in the high velocity trash economy have today.

In my opinion, one of those higher causes worthy of a sats donation is nostr:nprofile1qyfhwumn8ghj7enjv4jhyetvv9uju7re0gq3uamnwvaz7tmfdemxjmrvv9nk2tt0w468v6tvd3skwefwvdhk6qpqwzc9lz2f40azl98shkjewx3pywg5e5alwqxg09ew2mdyeey0c2rqcfecft . Consider donating so they can preserve and disseminate vital information about bitcoin and its foundations.

The Shell Game: How Health Narratives May Distract from Vaccine Risks

In our recent podcast, Dr. Jack Kruse presented a concerning theory about public health messaging. He argues that figures like Casey and Callie Means are promoting food and exercise narratives as a deliberate distraction from urgent vaccine issues. While no one disputes healthy eating matters, Dr. Kruse insists that focusing on "Froot Loops and Red Dye" diverts attention from what he sees as immediate dangers of mRNA vaccines, particularly for children.

"It's gonna take you 50 years to die from processed food. But the messenger jab can drop you like Damar Hamlin." - Dr Jack Kruse

Dr. Kruse emphasized that approximately 25,000 children per month are still receiving COVID vaccines despite concerns, with 3 million doses administered since Trump's election. This "shell game," as he describes it, allows vaccines to remain on childhood schedules while public attention fixates on less immediate health threats. As host, I believe this pattern deserves our heightened scrutiny given the potential stakes for our children's wellbeing.

Check out the full podcast here for more on Big Pharma's alleged bioweapons program, the "Time Bank Account" concept, and how Bitcoin principles apply to health sovereignty.

Headlines of the Day

Aussie Judge: Bitcoin is Money, Possibly CGT-Exempt - via X

JPMorgan to Let Clients Buy Bitcoin Without Direct Custody - via X

Get our new STACK SATS hat - via tftcmerch.io

Mubadala Acquires 384,239 sats | $408.50M Stake in BlackRock Bitcoin ETF - via X

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Ten31, the largest bitcoin-focused investor, has deployed 158,469 sats | $150.00M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.

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Final thought...

I've been walking from my house around Town Lake in Austin in the mornings and taking calls on the walk. Big fan of a walking call.

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

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

@ 3f770d65:7a745b24

🏌️ Monday, May 26 – Bitcoin Golf Championship & Kickoff Party

Location: Las Vegas, Nevada\ Event: 2nd Annual Bitcoin Golf Championship & Kick Off Party"\ Where: Bali Hai Golf Clubhouse, 5160 S Las Vegas Blvd, Las Vegas, NV 89119\ 🎟️ Get Tickets!

Details:

• The week tees off in style with the Bitcoin Golf Championship. Swing clubs by day and swing to music by night.

• Live performances from Nostr-powered acts courtesy of Tunestr, including Ainsley Costello and others.

• Stop by the Purple Pill Booth hosted by Derek and Tanja, who will be on-boarding golfers and attendees to the decentralized social future with Nostr.

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💬 May 27–29 – Bitcoin 2025 Conference at the Las Vegas Convention Center

Location: The Venetian Resort\ Main Attraction for Nostr Fans: The Nostr Lounge\ When: All day, Tuesday through Thursday\ Where: Right outside the Open Source Stage\ 🎟️ Get Tickets!

Come chill at the Nostr Lounge, your home base for all things decentralized social. With seating for \~50, comfy couches, high-tops, and good vibes, it’s the perfect space to meet developers, community leaders, and curious newcomers building the future of censorship-resistant communication.

Bonus: Right across the aisle, you’ll find Shopstr, a decentralized marketplace app built on Nostr. Stop by their booth to explore how peer-to-peer commerce works in a truly open ecosystem.

Daily Highlights at the Lounge:

• ☕️ Hang out casually or sit down for a deeper conversation about the Nostr protocol

• 🔧 1:1 demos from app teams

• 🛍️ Merch available onsite

• 🧠 Impromptu lightning talks

• 🎤 Scheduled Meetups (details below)

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🎯 Nostr Lounge Meetups

Wednesday, May 28 @ 1:00 PM

• Damus Meetup: Come meet the team behind Damus, the OG Nostr app for iOS that helped kickstart the social revolution. They'll also be showcasing their new cross-platform app, Notedeck, designed for a more unified Nostr experience across devices. Grab some merch, get a demo, and connect directly with the developers.

Thursday, May 29 @ 1:00 PM

• Primal Meetup: Dive into Primal, the slickest Nostr experience available on web, Android, and iOS. With a built-in wallet, zapping your favorite creators and friends has never been easier. The team will be on-site for hands-on demos, Q\&A, merch giveaways, and deeper discussions on building the social layer of Bitcoin.

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🎙️ Nostr Talks at Bitcoin 2025

If you want to hear from the minds building decentralized social, make sure you attend these two official conference sessions:

1. FROSTR Workshop: Multisig Nostr Signing

• 🕚 Time: 11:30 AM – 12:00 PM

• 📅 Date: Wednesday, May 28

• 📍 Location: Developer Zone

• 🎤 Speaker: nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs9etjgzjglwlaxdhsveq0qksxyh6xpdpn8ajh69ruetrug957r3qf4ggfm (Austin Kelsay) @ Voltage\ A deep-dive into FROST-based multisig key management for Nostr. Geared toward devs and power users interested in key security.

2. Panel: Decentralizing Social Media

• 🕑 Time: 2:00 PM – 2:30 PM

• 📅 Date: Thursday, May 29

• 📍 Location: Genesis Stage

• 🎙️ Moderator: nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqy08wumn8ghj7mn0wd68yttjv4kxz7fwv3jhyettwfhhxuewd4jsqgxnqajr23msx5malhhcz8paa2t0r70gfjpyncsqx56ztyj2nyyvlq00heps - Bitcoin Strategy @ Roxom TV

• 👥 Speakers:

• nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsy2ga7trfetvd3j65m3jptqw9k39wtq2mg85xz2w542p5dhg06e5qmhlpep – Early Bitcoin dev, CEO @ Sirius Business Ltd

• nostr:nprofile1qy2hwumn8ghj7mn0wd68ytndv9kxjm3wdahxcqg5waehxw309ahx7um5wfekzarkvyhxuet5qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncdhu7e3 – Analyst & Partner @ Ego Death Capital

Get the big-picture perspective on why decentralized social matters and how Nostr fits into the future of digital communication.

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🌃 NOS VEGAS Meetup & Afterparty

Date: Wednesday, May 28\ Time: 7:00 PM – 1:00 AM\ Location: We All Scream Nightclub, 517 Fremont St., Las Vegas, NV 89101\ 🎟️ Get Tickets!

What to Expect:

• 🎶 Live Music Stage – Featuring Ainsley Costello, Sara Jade, Able James, Martin Groom, Bobby Shell, Jessie Lark, and other V4V artists

• 🪩 DJ Party Deck – With sets by nostr:nprofile1qy0hwumn8ghj7cmgdae82uewd45kketyd9kxwetj9e3k7mf6xs6rgqgcwaehxw309ahx7um5wgh85mm694ek2unk9ehhyecqyq7hpmq75krx2zsywntgtpz5yzwjyg2c7sreardcqmcp0m67xrnkwylzzk4 , nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgkwaehxw309anx2etywvhxummnw3ezucnpdejqqg967faye3x6fxgnul77ej23l5aew8yj0x2e4a3tq2mkrgzrcvecfsk8xlu3 , and more DJs throwing down

• 🛰️ Live-streamed via Tunestr

• 🧠 Nostr Education – Talks by nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq37amnwvaz7tmwdaehgu3dwfjkccte9ejx2un9ddex7umn9ekk2tcqyqlhwrt96wnkf2w9edgr4cfruchvwkv26q6asdhz4qg08pm6w3djg3c8m4j , nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqg7waehxw309anx2etywvhxummnw3ezucnpdejz7ur0wp6kcctjqqspywh6ulgc0w3k6mwum97m7jkvtxh0lcjr77p9jtlc7f0d27wlxpslwvhau , nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3vamnwvaz7tmwdaehgu3wd33xgetk9en82m30qqsgqke57uygxl0m8elstq26c4mq2erz3dvdtgxwswwvhdh0xcs04sc4u9p7d , nostr:nprofile1q9z8wumn8ghj7erzx3jkvmmzw4eny6tvw368wdt8da4kxamrdvek76mrwg6rwdngw94k67t3v36k77tev3kx7vn2xa5kjem9dp4hjepwd3hkxctvqyg8wumn8ghj7mn0wd68ytnhd9hx2qpqyaul8k059377u9lsu67de7y637w4jtgeuwcmh5n7788l6xnlnrgssuy4zk , nostr:nprofile1qy28wue69uhnzvpwxqhrqt33xgmn5dfsx5cqz9thwden5te0v4jx2m3wdehhxarj9ekxzmnyqqswavgevxe9gs43vwylumr7h656mu9vxmw4j6qkafc3nefphzpph8ssvcgf8 , and more.

• 🧾 Vendors & Project Booths – Explore new tools and services

• 🔐 Onboarding Stations – Learn how to use Nostr hands-on

• 🐦 Nostrich Flocking – Meet your favorite nyms IRL

• 🍸 Three Full Bars – Two floors of socializing overlooking vibrant Fremont Street

| | | | | ----------- | -------------------- | ------------------- | | Time | Name | Topic | | 7:30-7:50 | Derek | Nostr for Beginners | | 8:00-8:20 | Mark & Paul | Primal | | 8:30-8:50 | Terry | Damus | | 9:00-9:20 | OpenMike and Ainsley | V4V | | 09:30-09:50 | The Space | Space |

This is the after-party of the year for those who love freedom technology and decentralized social community. Don’t miss it.

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Final Thoughts

Whether you're there to learn, network, party, or build, Bitcoin 2025 in Las Vegas has a packed week of Nostr-friendly programming. Be sure to catch all the events, visit the Nostr Lounge, and experience the growing decentralized social revolution.

🟣 Find us. Flock with us. Purple pill someone.

@ 3f68dede:779bb81d

@ 3f68dede:779bb81d

@ 502ab02a:a2860397

ถ้าเอ่ยถึง CJ หลายคนอาจนึกถึงซอสเกาหลีรสจัดจ้าน หรือบะหมี่กึ่งสำเร็จรูปแบรนด์ดังที่ขายทั่วโลก แต่เบื้องหลังความสำเร็จของแบรนด์เหล่านั้น มีบริษัทแม่อย่าง CJ CheilJedang ที่ไม่ได้แค่ผลิตอาหารแปรรูป แต่เป็นหนึ่งในผู้เล่นใหญ่ของอุตสาหกรรมอาหารระดับโลก ด้วยฐานความรู้ลึกซึ้งในเทคโนโลยีชีวภาพ หนึ่งในแขนงที่โดดเด่นคือ CJ BIO ธุรกิจไบโอเทคโนโลยีที่เน้นการใช้ Microbial Fermentation หรือการหมักจุลินทรีย์เพื่อผลิตสารอาหารและวัตถุดิบอาหารคุณภาพสูงในระดับอุตสาหกรรม

ประวัติของ CJ BIO เริ่มจากจุดเล็ก ๆ แต่ทรงพลัง คือการผลิต โมโนโซเดียมกลูตาเมต (MSG) ซึ่งเป็นกรดอะมิโนชนิดหนึ่งที่มีบทบาทสำคัญในการเพิ่มรสชาติ “อูมามิ” ให้กับอาหารทั่วโลก จุดนี้เองที่ทำให้ CJ BIO ได้สะสมเทคโนโลยีหมักจุลินทรีย์ในระดับอุตสาหกรรมมายาวนานกว่า 60 ปี ด้วยโรงงานหมักขนาดใหญ่ที่ตั้งอยู่ในหลายประเทศ เช่น เกาหลีใต้ จีน บราซิล อินโดนีเซีย และสหรัฐอเมริกา ทำให้ CJ BIO กลายเป็นหนึ่งในผู้ผลิตกรดอะมิโนและวัตถุดิบอาหารหมักจุลินทรีย์รายใหญ่ของโลก

แต่ถ้าให้พูดแบบง่าย ๆ การหมักจุลินทรีย์ของ CJ BIO นั้น ไม่ใช่แค่ “การทำอาหาร” ธรรมดา ๆ แต่เป็นการ “สร้างอาหารในระดับโมเลกุล” ตั้งแต่พื้นฐาน ซึ่งถือเป็นเทคโนโลยีที่สำคัญสำหรับอนาคตของอาหาร เพราะมันช่วยให้เราสามารถผลิตโปรตีน กรดอะมิโน และสารอาหารต่าง ๆ ที่มีคุณภาพสูงและควบคุมได้ในโรงงานขนาดใหญ่ โดยไม่ต้องพึ่งพาการเกษตรแบบดั้งเดิมที่ต้องใช้พื้นที่มากและมีผลกระทบต่อสิ่งแวดล้อม

เมื่อเทรนด์โลกกำลังเปลี่ยนไปในทางที่ผู้บริโภคหันมาใส่ใจสุขภาพและสิ่งแวดล้อมมากขึ้น เรื่อง “อาหารจากห้องแล็บ” หรือ “อาหารเทคโนโลยีชีวภาพ” จึงกลายเป็นสิ่งที่ได้รับความสนใจอย่างมาก และนี่เองที่ทำให้ CJ BIO ไม่ได้หยุดอยู่แค่ Microbial Fermentation แบบดั้งเดิม แต่เริ่มขยับเข้าสู่โลกใหม่ของ Precision Fermentation การใช้จุลินทรีย์ที่ผ่านการดัดแปลงพันธุกรรมอย่างแม่นยำ เพื่อผลิตโปรตีนหรือสารอาหารเฉพาะอย่างที่ต้องการ

ความเคลื่อนไหวที่สำคัญเกิดขึ้นในปี 2022 เมื่อ CJ CheilJedang ประกาศลงทุนใน New Culture สตาร์ทอัพสัญชาติอเมริกันที่กำลังพัฒนา “ชีสไร้วัว” ด้วยเทคโนโลยี Precision Fermentation ซึ่ง New Culture ใช้จุลินทรีย์ที่ถูกออกแบบมาเพื่อผลิตโปรตีนเคซีน โปรตีนหลักในน้ำนมวัว โดยไม่ต้องมีวัวจริงเลย นั่นหมายความว่าชีสที่ผลิตออกมาจะไม่มีส่วนผสมจากสัตว์จริง ๆ แต่ยังคงรสชาติและเนื้อสัมผัสเหมือนชีสธรรมชาติทุกประการ

การลงทุนครั้งนี้ของ CJ CheilJedang บริษัทแม่ของ CJ BIO จึงถือเป็นการผนึกกำลังระหว่างเทคโนโลยีดั้งเดิมที่ผ่านการพิสูจน์แล้วในระดับอุตสาหกรรม กับนวัตกรรมที่พร้อมเปลี่ยนแปลงวงการอาหารครั้งใหญ่

ถ้าให้เปรียบเทียบง่าย ๆ CJ BIO เหมือนกับ “โรงงานปั้นโมเลกุลอาหาร” ที่มีความเชี่ยวชาญสูงในการจัดการกับจุลินทรีย์และการผลิตกรดอะมิโนหลากหลายชนิด โดยเฉพาะ MSG ซึ่งถือเป็น “พี่ใหญ่” ในกลุ่มกรดอะมิโนที่ช่วยเพิ่มรสชาติและถูกใช้ในอุตสาหกรรมอาหารทั่วโลก

ความเชี่ยวชาญในการผลิต MSG นี้เอง คือฐานกำลังสำคัญที่ทำให้ CJ BIO สามารถขยายขอบเขตไปสู่การผลิตโปรตีนด้วย Precision Fermentation ได้อย่างมั่นใจ เพราะกระบวนการหมักจุลินทรีย์เพื่อผลิตกรดอะมิโนและโปรตีนนั้นมีความคล้ายคลึงกันในเชิงเทคนิคและการควบคุมคุณภาพ

CJ BIO มีโรงงานหมักจุลินทรีย์ที่ทันสมัยและขนาดใหญ่กระจายอยู่ทั่วโลก สามารถผลิตวัตถุดิบในปริมาณมหาศาลเพื่อตอบสนองตลาดอาหารที่เติบโตอย่างรวดเร็ว และการมีเครือข่ายโรงงานแบบนี้ทำให้ CJ BIO มีความได้เปรียบในการลดต้นทุนและควบคุมคุณภาพอย่างเข้มงวด

อนาคตที่ CJ BIO กำลังเดินไปนั้น ไม่ใช่แค่การผลิตวัตถุดิบอาหารธรรมดา ๆ แต่คือการสร้างนวัตกรรมที่จะเปลี่ยนแปลงวิธีการผลิตและการบริโภคอาหารของโลก

เมื่อผลิตภัณฑ์จากเทคโนโลยี Precision Fermentation อย่างชีสไร้วัว ไข่ไร่ไก่ หรือโปรตีนทางเลือกต่าง ๆ เริ่มเข้ามาในตลาดมากขึ้น เราอาจจะได้เห็น CJ BIO ทำหน้าที่เหมือน “Intel Inside” ของวงการอาหารอนาคต ที่อยู่เบื้องหลังผลิตภัณฑ์สำคัญ ๆ ที่ผู้บริโภคชื่นชอบโดยไม่รู้ตัว

นี่คือเหตุผลที่ทำให้การมองแค่แบรนด์อาหารหรือการตลาดที่พูดถึง “ความยั่งยืน” หรือ “อาหารปลอดสัตว์” ยังไม่พอ เราต้องมองให้ลึกไปถึงระบบนิเวศของเทคโนโลยีและทุนที่อยู่เบื้องหลัง เพราะนั่นคือเกมกระดานใหญ่ที่กำลังขยับเปลี่ยนแปลงวงการอาหารโลกอย่างแท้จริง

#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr

@ c1e9ab3a:9cb56b43

Abstract

This document proposes a novel architecture that decouples the peer-to-peer (P2P) communication layer from the Bitcoin protocol and replaces or augments it with the Nostr protocol. The goal is to improve censorship resistance, performance, modularity, and maintainability by migrating transaction propagation and block distribution to the Nostr relay network.

Introduction

Bitcoin’s current architecture relies heavily on its P2P network to propagate transactions and blocks. While robust, it has limitations in terms of flexibility, scalability, and censorship resistance in certain environments. Nostr, a decentralized event-publishing protocol, offers a multi-star topology and a censorship-resistant infrastructure for message relay.

This proposal outlines how Bitcoin communication could be ported to Nostr while maintaining consensus and verification through standard Bitcoin clients.

Motivation

• Enhanced Censorship Resistance: Nostr’s architecture enables better relay redundancy and obfuscation of transaction origin.
• Simplified Lightweight Nodes: Removing the full P2P stack allows for lightweight nodes that only verify blockchain data and communicate over Nostr.
• Architectural Modularity: Clean separation between validation and communication enables easier auditing, upgrades, and parallel innovation.
• Faster Propagation: Nostr’s multi-star network may provide faster propagation of transactions and blocks compared to the mesh-like Bitcoin P2P network.

Architecture Overview

Components

1. Bitcoin Minimal Node (BMN):

   • Verifies blockchain and block validity.
   • Maintains UTXO set and handles mempool logic.
   • Connects to Nostr relays instead of P2P Bitcoin peers.

2. Bridge Node:

   • Bridges Bitcoin P2P traffic to and from Nostr relays.
   • Posts new transactions and blocks to Nostr.
   • Downloads mempool content and block headers from Nostr.

3. Nostr Relays:

   • Accept Bitcoin-specific event kinds (transactions and blocks).
   • Store mempool entries and block messages.
   • Optionally broadcast fee estimation summaries and tipsets.

Event Format

Proposed reserved Nostr kind numbers for Bitcoin content (NIP/BIP TBD):

| Nostr Kind | Purpose | |------------|------------------------| | 210000 | Bitcoin Transaction | | 210001 | Bitcoin Block Header | | 210002 | Bitcoin Block | | 210003 | Mempool Fee Estimates | | 210004 | Filter/UTXO summary |

Transaction Lifecycle

1. Wallet creates a Bitcoin transaction.
2. Wallet sends it to a set of configured Nostr relays.
3. Relays accept and cache the transaction (based on fee policies).
4. Mining nodes or bridge nodes fetch mempool contents from Nostr.
5. Once mined, a block is submitted over Nostr.
6. Nodes confirm inclusion and update their UTXO set.

Security Considerations

• Sybil Resistance: Consensus remains based on proof-of-work. The communication path (Nostr) is not involved in consensus.
• Relay Discoverability: Optionally bootstrap via DNS, Bitcoin P2P, or signed relay lists.
• Spam Protection: Relay-side policy, rate limiting, proof-of-work challenges, or Lightning payments.
• Block Authenticity: Nodes must verify all received blocks and reject invalid chains.

Compatibility and Migration

• Fully compatible with current Bitcoin consensus rules.
• Bridge nodes preserve interoperability with legacy full nodes.
• Nodes can run in hybrid mode, fetching from both P2P and Nostr.

Future Work

• Integration with watch-only wallets and SPV clients using verified headers via Nostr.
• Use of Nostr’s social graph for partial trust assumptions and relay reputation.
• Dynamic relay discovery using Nostr itself (relay list events).

Conclusion

This proposal lays out a new architecture for Bitcoin communication using Nostr to replace or augment the P2P network. This improves decentralization, censorship resistance, modularity, and speed, while preserving consensus integrity. It encourages innovation by enabling smaller, purpose-built Bitcoin nodes and offloading networking complexity.

---

This document may become both a Bitcoin Improvement Proposal (BIP-XXX) and a Nostr Improvement Proposal (NIP-XXX). Event kind range reserved: 210000–219999.

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testing schedule

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testing schedule

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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.

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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.

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testing

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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. 👀️️️️️️

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testing schedule

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This article is slightly outside my normal writing focus. But it’s something everyone deserves to know, and take advantage of if they like. Before you click away, this isn’t a sports betting “system” or “strategy”. This is for anyone living in or near a state that has legalized online sports betting. It’s a way to take advantage of the new customer sign up bonuses these online sportsbooks give, by using free online tools to convert those bonuses into $2,000 or more in cash per person, depending on your state. It doesn’t require you to know anything whatsoever about sports, gambling, sports betting, odds, math, or anything like that. It doesn’t involve taking risks with your money. All you need is some capital (around $3-5,000 would be ideal), a smartphone, a legal sports betting state, and this guide.

Concepts and Principles

Online sports betting is now legal in 30 US states. You can check legality in your state on the map here. If you’re in a state with legal mobile betting, or close enough that you’d be willing to drive there, you can benefit from this guide.

Most states with legalized betting have multiple different sports books competing for customers. To attract new customers, many of them offer various types of bonus offers when you initially sign up. The idea is that once you sign up and place a bet, you’re likely to continue betting in the future. So the sportsbook doesn’t mind losing money on your first wager, because they’ll make it back over time. That leaves an opportunity for someone to just take the free money and leave, if they want to do that. It’s completely legal, and if you follow this guide, also risk free.

The bonuses vary in size, but are usually larger the first few months after a state legalizes online betting, since sportsbooks are competing heavily to attract the new customers to their site. But most states will have a combined $3-5,000 in bonuses available at any time across 4-8 sportsbooks. You can find the available offers in your state by searching “covers sports betting promo offers \”. For example for Maryland, we’d end up up at covers.com on a page like this.

The basic concept is that we open accounts on multiple sites, sign up for their bonus offers, then bet both sides of the same sports game but on 2 different sites. That way it doesn’t matter which team wins, we collect the free bonus money with no risk.

Actually doing it is a bit more nuanced, but I’ll explain it step by step and illustrate with plenty of screenshots to make sure you can follow along.

First, you want to find the offers for your state, and sign up for the sites with the offers you want to convert. For Maryland, if we scroll on down at covers.com, we’ll find this list of offers.

The larger offers are of course more worthwhile, so if I were in Maryland, I would first sign up for Caesars, DraftKings, BetMGM, and ESPN BET. Since you’ll also want another site to hedge your bets, I’d also sign up for FanDuel. You can download their apps, set up your accounts, and familiarize yourself with the deposit methods that are available.

Risk-Free Bets

These are the most common bonus offers you’ll find. They’ll also be called No Sweat Bets, Second Chance Bets, First Bet Insurance, Bonus Bets, First Bets, etc. Always make sure you check the details of the promotion you’re using to make sure it’s a Risk-Free Bet, and what the terms and details of the offer are. The four offers from the sites above for Maryland all fall under the category of risk-free bets.

The concept of this offer is simple: you open an account, deposit some money, and make a bet. The very first bet (MAKE SURE YOU GET THIS RIGHT) will be your risk-free bet. If you win that first bet, cool, you get the winnings from that bet and can withdraw it. If you lose your first bet, the risk-free bet kicks in, and you get a free bet deposited into your account equal to the amount of your first bet. So you basically get a do-over if you lose the first one.

Now you won’t be able to just withdraw the free bet in cash if you lose and get your money back. That would be too easy. The risk-free bet is a bet, you can only use it to bet on another game. If you win that second wager, you can withdraw your winnings. But if you don’t, you can still win by hedging your bets on a different sportsbook. That’s what I’m going to show you.

To find which games to bet on and how much to bet, you’ll need to use a different free website. Go to Crazy Ninja Odds.

Go to Settings in the top right corner, uncheck the sites you aren’t using.

Now go back to Home. Click on Risk-free bet page.

Now we need to choose an offer to convert. Let’s choose our Caesars $1,000 First Bet. We can walk through the steps first, to see which game we want to bet and how much we need to deposit.

First, starting at the top, under “Reward” we’ll enter 100%. With this offer, if we lose our first bet, we get a free bonus bet of 100% of the amount of our first bet, up to $1,000.

Next, we’ll select “Free bet (70%)”. Our free bonus bet will be convertible at about 70%, but that’s not something we need to understand right now. Just check the box and move on.

Next, open “Risk Free Bet Sportsbook” and select Caesars.

Now the page should be filled out like this.

Click “Update” at the bottom. Scroll down, and you’ll see a chart like this.

If none of this means anything to you, that’s fine. I’ll walk you through exactly what to do.

The bets are sorted by ranking from best to worst value. So we always want to choose the top bets unless we have a reason not to. In this case, we are making our risk-free bet on Caesars, and we want to hedge on the site where we aren’t trying to convert any offers, FanDuel. So we want to look at the second column on the right, Hedge Bet Sportsbook. Go down the column until you find FanDuel. In that row, the third column from the left has a “Calc” button. I’ve highlighted the button here.

Click the button. You’ll get a popup that looks like this.

So this is an NHL hockey game between the Dallas Stars and the Edmonton Oilers. If you know absolutely nothing about hockey, perfect. Neither do I. The important thing is that this shows us which wagers to place, and for how much. The left column is our Risk-Free Bet on Caesars, and the right column is our Hedge on FanDuel.

Our first decision is how much to wager. You’ll see that the Caesars wager is currently set to $100. But remember, our First Bet offer is for up to $1,000. You can wager any amount up to $1,000, but you’ll only get one shot at this offer, so if you wager less than $1,000, you won’t get the full benefit of the offer, and you’ll never be able to go back and use the rest in the future. It’s one shot. So my advice is wager $1,000, there’s no good reason not to. So we’ll change the wager amount to $1,000.

Now you can see that our risk-free bet is Edmonton Oilers -1.5 for $1,000, and our hedge bet is Dallas Stars +1.5 for $1,604.93. If you don’t know what that means, that’s fine. What you need to know is that you’ll need to deposit at least $1,000 into your Caesars account, and at least $1,604.93 into your FanDuel account. When that’s done, you can check the bets on each site to make sure the odds are accurate. They change constantly, so it’s always good to check both sites just before placing a bet.

First, we’ll open up the Caesars app and search for “Edmonton Oilers.” Sure enough, the game pops up.

Then we’ll click on that game and open it up

There are four things we want to check on each bet before placing it. I’ve highlighted them above. We have the Edmonton Oilers -1.5, odds of +196, a wager of $1,000, and a payout of $2,960. If we compare that with the correct column in our Risk-Free Bet Calculator, we’ll see that everything is correct.

Now we want to do the same for the FanDuel hedge. We’ll open the FanDuels app and search for “Dallas Stars” and find the same game against the Oilers.

Here we can see the first problem. The spread we see here is -1.5, odds of +225. Our Risk-Free Bet Calculator is asking for Dallas Stars +1.5, odds -245. So we need to select a different line. Farther down the page you’ll see “Series Alternate Handicap.” Open that, and you’ll see Dallas Stars +1.5.

This is the bet we’re looking for. But you’ll also notice that the odds are -225 instead of -245. So we can select this bet, but we need to go back to our Risk-Free Bet Calculator and change the odds to get the correct amount to bet on this line.

So go back to the calculator and change -245 to -225. You’ll see this.

As you can see, the amount of the wager has changed to $1,564.62. So we can go back to FanDuel, select Dallas Stars +1.5, odds -225, and enter our updated wager amount.

As you can see, when we add the “Wager” and the “To Win” amount, we get $2,260.01. Looking at our calculator, that’s the exact number in our “Payout” row. So these are the bets we need to make.

Now that we’ve double checked everything, we can go back and make our $1,000 bet on Caesars, and immediately go make our $1,564.62 bet on FanDuel.

Awesome!

Now what? Well, our job is done. We just wait to see which team wins. Not that it matters to us either way. But which team wins will determine our next step.

Looking at our calculator again, there are two possible outcomes.

The first outcome is the Edmonton Oilers win. In that case, our Caesars bet will payout $2,960, while our FanDuel bet will be a total loss. Here’s how we do the math on that scenario.

We start with our $2,960 Caesars balance. We subtract our $1,564.62 FanDuel bet (which was a loss). Then we subtract the $1,000 we initially deposited and wagered on Caesars. This leaves us with a profit of $395.38! Not bad for a one day return on $2,564.62, while taking no risk.

Now for the second scenario. That would be if the Dallas Stars win. In that case, our Caesars bet is a total loss. Our FanDuel bet pays our $2,260.01

So to calculate our profit here, we start with our payout of $2,260.01, subtract our wager of $1,564.62, subtract our Caesars wager of $1,000 (which was a loss), and then add 70% of our free bonus Caesars bet of $1,000, or $700 (more on that in a minute). Once again, that gives us a profit of $395.39.

Now back to the free bonus bet. Since our Caesars bet lost, we qualified for the promotional payout. If we check the Caesars app, we should see a bonus bet of $1,000 in our balance. Remember I said that you can’t just withdraw the bonus bet? This situation is where that becomes an issue. So we have to place a $1,000 wager with Caesars before we can withdraw that money. The problem with that is, what if our second wager also loses? Then we lose money on the entire process. That’s where the 70% number comes in. We’ll use a similar process when making that $1,000 wager, by hedging on a second site once again. By doing that, we’ll be guaranteed to collect around 70% of the wager, or $700. I’ll explain that in the next section.

Free Bets

This is the name for the bet we get if we lose our initial bet on a site with a Risk-Free Bet offer. This is just what it sounds like, a free bet. You can bet the amount on a game, and if you win, the winnings are your money. You’re free to withdraw that cash.

How do we ensure we still make a profit, even if our free bet loses? Well, Crazy Ninja Odds can help once again. Go back to their homepage, and this time click on Free Bets instead of Risk Free Bets. This time all we need to do is enter the sportsbook, Caesars, and click “update.” We’ll get a chart like this.

You know the drill by now. We find the first option on our Hedge Bet Sportsbook, FanDuel. This time it’s highlighted on the second row. Click “Calc.”

This is a money line bet, so it’s slightly different than the first one, but you won’t have any trouble figuring it out this time. You can check Caesars, and you’ll find the money line bet of $1,000 on the Pacers at +222, with a payout of $2,220.

Make sure you select your free bonus bet when you make the wager. If you lost your initial $1,000 deposit and didn’t deposit again, that should be your only option. It will look slightly different than this, since when you use a free bet, your payout won’t include the initial $1,000 wager, so it will read $2,220 instead of $3,220. I don’t have the free offer in my account so I can’t show you the exact screenshot, but you’ll be able to figure it out.

Then jump over to the other side of the game on FanDuel.

You’ll notice that the line is -275 instead of -270 like your calculator said. By now you know how to go back and change the odds in the calculator to get this.

Once again, you’ll want to make a $1,628 wager on the Boston Celtics at -275 to hedge your $1,000 free bonus bet on the Indiana Pacers at +222.

I could go through the math again, but you know how to do it now. You can look at the profit line and see that both outcomes will pay $592. If you remember, our initial bet used 70% of $1,000, or $700, as a bonus bet profit target. So given the odds available on this particular day, you’ll end up with just over $100 less profit if you need to convert the bonus bet than you’ll make if your first Caesars bet wins. That’s unfortunate, but just a result of games and odds available on a particular day. Getting a higher conversion rate would require more complex strategies, and this guide is long enough already.

Next Steps

Once you’ve successfully completed your initial offer, you can continue to do the same process for each additional sportsbook available in your state. And as you work through the offers on one site, you can then use that site to hedge the next site you sign up for.

There are a few things to keep in mind. Your free bonus bets are usually time limited. That means if your first bet loses, you often have as little as 7 days to use the free bonus bet before it disappears. So make sure you stay on top of your offers and play them before they expire. If you aren’t sure whether you qualify for a specific promotional offer, reach out to customer support before placing any bets. They’ll be able to explain exactly which offers you qualify for and how to access them.

Once you sign up and start betting, you’ll likely start getting more offers in the apps. They might be free bets, in which case you already know how to play them. But there are other offers as well, some of which you can do in a risk free way. If this guide gets enough interest, I may write more about how to handle other types of offers.

These offers will be available once to each person. So you can play them once, and that’s it. But you can also help each member of your family or close friends sign up and show them how to play the offers, or do it for them. Just be careful with your money management, since there will be a significant capital investment up front. If you’re putting up the capital, make sure it’s someone you fully trust with control of that money.

If there’s enough interest, I may also put together a guide on how you can do this with family members or friends who live anywhere, even if they’re not in a state with legal sports betting.

Most of all, be safe, don’t tie up capital you need for your daily life, and make sure you understand each offer and how to exploit it before placing any wagers.

If you have any questions, feel free to reach out to me and I’ll do my best to help you in any way I can.

Best of luck!

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testing schedule

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O Contexto Legal Brasileiro e o Consentimento

No ordenamento jurídico brasileiro, o consentimento do ofendido pode, em certas circunstâncias, afastar a ilicitude de um ato que, sem ele, configuraria crime (como lesão corporal leve, prevista no Art. 129 do Código Penal). Contudo, o consentimento tem limites claros: não é válido para bens jurídicos indisponíveis, como a vida, e sua eficácia é questionável em casos de lesões corporais graves ou gravíssimas.

A prática de BDSM consensual situa-se em uma zona complexa. Em tese, se ambos os parceiros são adultos, capazes, e consentiram livre e informadamente nos atos praticados, sem que resultem em lesões graves permanentes ou risco de morte não consentido, não haveria crime. O desafio reside na comprovação desse consentimento, especialmente se uma das partes, posteriormente, o negar ou alegar coação.

A Lei Maria da Penha (Lei nº 11.340/2006)

A Lei Maria da Penha é um marco fundamental na proteção da mulher contra a violência doméstica e familiar. Ela estabelece mecanismos para coibir e prevenir tal violência, definindo suas formas (física, psicológica, sexual, patrimonial e moral) e prevendo medidas protetivas de urgência.

Embora essencial, a aplicação da lei em contextos de BDSM pode ser delicada. Uma alegação de violência por parte da mulher, mesmo que as lesões ou situações decorram de práticas consensuais, tende a receber atenção prioritária das autoridades, dada a presunção de vulnerabilidade estabelecida pela lei. Isso pode criar um cenário onde o parceiro masculino enfrenta dificuldades significativas em demonstrar a natureza consensual dos atos, especialmente se não houver provas robustas pré-constituídas.

Outros riscos:

Lesão corporal grave ou gravíssima (art. 129, §§ 1º e 2º, CP), não pode ser justificada pelo consentimento, podendo ensejar persecução penal.

Crimes contra a dignidade sexual (arts. 213 e seguintes do CP) são de ação pública incondicionada e independem de representação da vítima para a investigação e denúncia.

Riscos de Falsas Acusações e Alegação de Coação Futura

Os riscos para os praticantes de BDSM, especialmente para o parceiro que assume o papel dominante ou que inflige dor/restrição (frequentemente, mas não exclusivamente, o homem), podem surgir de diversas frentes:

1. Acusações Externas: Vizinhos, familiares ou amigos que desconhecem a natureza consensual do relacionamento podem interpretar sons, marcas ou comportamentos como sinais de abuso e denunciar às autoridades.
2. Alegações Futuras da Parceira: Em caso de término conturbado, vingança, arrependimento ou mudança de perspectiva, a parceira pode reinterpretar as práticas passadas como abuso e buscar reparação ou retaliação através de uma denúncia. A alegação pode ser de que o consentimento nunca existiu ou foi viciado.
3. Alegação de Coação: Uma das formas mais complexas de refutar é a alegação de que o consentimento foi obtido mediante coação (física, moral, psicológica ou econômica). A parceira pode alegar, por exemplo, que se sentia pressionada, intimidada ou dependente, e que seu "sim" não era genuíno. Provar a ausência de coação a posteriori é extremamente difícil.
4. Ingenuidade e Vulnerabilidade Masculina: Muitos homens, confiando na dinâmica consensual e na parceira, podem negligenciar a necessidade de precauções. A crença de que "isso nunca aconteceria comigo" ou a falta de conhecimento sobre as implicações legais e o peso processual de uma acusação no âmbito da Lei Maria da Penha podem deixá-los vulneráveis. A presença de marcas físicas, mesmo que consentidas, pode ser usada como evidência de agressão, invertendo o ônus da prova na prática, ainda que não na teoria jurídica.

Estratégias de Prevenção e Mitigação

Não existe um método infalível para evitar completamente o risco de uma falsa acusação, mas diversas medidas podem ser adotadas para construir um histórico de consentimento e reduzir vulnerabilidades:

1. Comunicação Explícita e Contínua: A base de qualquer prática BDSM segura é a comunicação constante. Negociar limites, desejos, palavras de segurança ("safewords") e expectativas antes, durante e depois das cenas é crucial. Manter registros dessas negociações (e-mails, mensagens, diários compartilhados) pode ser útil.

2. Documentação do Consentimento:

   • Contratos de Relacionamento/Cena: Embora a validade jurídica de "contratos BDSM" seja discutível no Brasil (não podem afastar normas de ordem pública), eles servem como forte evidência da intenção das partes, da negociação detalhada de limites e do consentimento informado. Devem ser claros, datados, assinados e, idealmente, reconhecidos em cartório (para prova de data e autenticidade das assinaturas).

   • Registros Audiovisuais: Gravar (com consentimento explícito para a gravação) discussões sobre consentimento e limites antes das cenas pode ser uma prova poderosa. Gravar as próprias cenas é mais complexo devido a questões de privacidade e potencial uso indevido, mas pode ser considerado em casos específicos, sempre com consentimento mútuo documentado para a gravação.

     Importante: a gravação deve ser com ciência da outra parte, para não configurar violação da intimidade (art. 5º, X, da Constituição Federal e art. 20 do Código Civil).

3. Testemunhas: Em alguns contextos de comunidade BDSM, a presença de terceiros de confiança durante negociações ou mesmo cenas pode servir como testemunho, embora isso possa alterar a dinâmica íntima do casal.

4. Estabelecimento Claro de Limites e Palavras de Segurança: Definir e respeitar rigorosamente os limites (o que é permitido, o que é proibido) e as palavras de segurança é fundamental. O desrespeito a uma palavra de segurança encerra o consentimento para aquele ato.
5. Avaliação Contínua do Consentimento: O consentimento não é um cheque em branco; ele deve ser entusiástico, contínuo e revogável a qualquer momento. Verificar o bem-estar do parceiro durante a cena ("check-ins") é essencial.
6. Discrição e Cuidado com Evidências Físicas: Ser discreto sobre a natureza do relacionamento pode evitar mal-entendidos externos. Após cenas que deixem marcas, é prudente que ambos os parceiros estejam cientes e de acordo, talvez documentando por fotos (com data) e uma nota sobre a consensualidade da prática que as gerou.
7. Aconselhamento Jurídico Preventivo: Consultar um advogado especializado em direito de família e criminal, com sensibilidade para dinâmicas de relacionamento alternativas, pode fornecer orientação personalizada sobre as melhores formas de documentar o consentimento e entender os riscos legais específicos.

Observações Importantes

• Nenhuma documentação substitui a necessidade de consentimento real, livre, informado e contínuo.
• A lei brasileira protege a "integridade física" e a "dignidade humana". Práticas que resultem em lesões graves ou que violem a dignidade de forma não consentida (ou com consentimento viciado) serão ilegais, independentemente de qualquer acordo prévio.
• Em caso de acusação, a existência de documentação robusta de consentimento não garante a absolvição, mas fortalece significativamente a defesa, ajudando a demonstrar a natureza consensual da relação e das práticas.

• A alegação de coação futura é particularmente difícil de prevenir apenas com documentos. Um histórico consistente de comunicação aberta (whatsapp/telegram/e-mails), respeito mútuo e ausência de dependência ou controle excessivo na relação pode ajudar a contextualizar a dinâmica como não coercitiva.

• Cuidado com Marcas Visíveis e Lesões Graves Práticas que resultam em hematomas severos ou lesões podem ser interpretadas como agressão, mesmo que consentidas. Evitar excessos protege não apenas a integridade física, mas também evita questionamentos legais futuros.

O que vem a ser consentimento viciado

No Direito, consentimento viciado é quando a pessoa concorda com algo, mas a vontade dela não é livre ou plena — ou seja, o consentimento existe formalmente, mas é defeituoso por alguma razão.

O Código Civil brasileiro (art. 138 a 165) define várias formas de vício de consentimento. As principais são:

Erro: A pessoa se engana sobre o que está consentindo. (Ex.: A pessoa acredita que vai participar de um jogo leve, mas na verdade é exposta a práticas pesadas.)

Dolo: A pessoa é enganada propositalmente para aceitar algo. (Ex.: Alguém mente sobre o que vai acontecer durante a prática.)

Coação: A pessoa é forçada ou ameaçada a consentir. (Ex.: "Se você não aceitar, eu termino com você" — pressão emocional forte pode ser vista como coação.)

Estado de perigo ou lesão: A pessoa aceita algo em situação de necessidade extrema ou abuso de sua vulnerabilidade. (Ex.: Alguém em situação emocional muito fragilizada é induzida a aceitar práticas que normalmente recusaria.)

No contexto de BDSM, isso é ainda mais delicado: Mesmo que a pessoa tenha "assinado" um contrato ou dito "sim", se depois ela alegar que seu consentimento foi dado sob medo, engano ou pressão psicológica, o consentimento pode ser considerado viciado — e, portanto, juridicamente inválido.

Isso tem duas implicações sérias:

1. O crime não se descaracteriza: Se houver vício, o consentimento é ignorado e a prática pode ser tratada como crime normal (lesão corporal, estupro, tortura, etc.).

2. A prova do consentimento precisa ser sólida: Mostrando que a pessoa estava informada, lúcida, livre e sem qualquer tipo de coação.

   Consentimento viciado é quando a pessoa concorda formalmente, mas de maneira enganada, forçada ou pressionada, tornando o consentimento inútil para efeitos jurídicos.

Conclusão

Casais que praticam BDSM consensual no Brasil navegam em um terreno que exige não apenas confiança mútua e comunicação excepcional, mas também uma consciência aguçada das complexidades legais e dos riscos de interpretações equivocadas ou acusações mal-intencionadas. Embora o BDSM seja uma expressão legítima da sexualidade humana, sua prática no Brasil exige responsabilidade redobrada. Ter provas claras de consentimento, manter a comunicação aberta e agir com prudência são formas eficazes de se proteger de falsas alegações e preservar a liberdade e a segurança de todos os envolvidos. Embora leis controversas como a Maria da Penha sejam "vitais" para a proteção contra a violência real, os praticantes de BDSM, e em particular os homens nesse contexto, devem adotar uma postura proativa e prudente para mitigar os riscos inerentes à potencial má interpretação ou instrumentalização dessas práticas e leis, garantindo que a expressão de sua consensualidade esteja resguardada na medida do possível.

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Importante: No Brasil, mesmo com tudo isso, o Ministério Público pode denunciar por crime como lesão corporal grave, estupro ou tortura, independente de consentimento. Então a prudência nas práticas é fundamental.

Aviso Legal: Este artigo tem caráter meramente informativo e não constitui aconselhamento jurídico. As leis e interpretações podem mudar, e cada situação é única. Recomenda-se buscar orientação de um advogado qualificado para discutir casos específicos.

Se curtiu este artigo faça uma contribuição, se tiver algum ponto relevante para o artigo deixe seu comentário.

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Viewing Bitcoin Through the Light of Awakening

Ankh & Ohm Capital’s Overview of the Psycho-Spiritual Nature of Bitcoin

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Glossary:

I. Preface: The Logos of Our Logo

II. An Oracular Introduction

III. Alchemizing Greed

IV. Layers of Fractalized Thought

V. Permissionless Individuation

VI. Dispelling Paradox Through Resonance

VII. Ego Deflation

VIII. The Coin of Great Price

Preface: The Logos of Our Logo

Before we offer our lens on Bitcoin, it’s important to illuminate the meaning behind Ankh & Ohm’s name and symbol. These elements are not ornamental—they are foundational, expressing the cosmological principles that guide our work.

Our mission is to bridge the eternal with the practical. As a Bitcoin-focused family office and consulting firm, we understand capital not as an end, but as a tool—one that, when properly aligned, becomes a vehicle for divine order. We see Bitcoin not simply as a technological innovation but as an emanation of the Divine Logos—a harmonic expression of truth, transparency, and incorruptible structure. Both the beginning and the end, the Alpha and Omega.

The Ankh (☥), an ancient symbol of eternal life, is a key to the integration of opposites. It unites spirit and matter, force and form, continuity and change. It reminds us that capital, like Life, must not only be generative, but regenerative; sacred. Money must serve Life, not siphon from it.

The Ohm (Ω) holds a dual meaning. In physics, it denotes a unit of electrical resistance—the formative tension that gives energy coherence. In the Vedic tradition, Om (ॐ) is the primordial vibration—the sound from which all existence unfolds. Together, these symbols affirm a timeless truth: resistance and resonance are both sacred instruments of the Creator.

Ankh & Ohm, then, represents our striving for union, for harmony —between the flow of life and intentional structure, between incalculable abundance and measured restraint, between the lightbulb’s electrical impulse and its light-emitting filament. We stand at the threshold where intention becomes action, and where capital is not extracted, but cultivated in rhythm with the cosmos. 

We exist to shepherd this transformation, as guides of this threshold —helping families, founders, and institutions align with a deeper order, where capital serves not as the prize, but as a pathway to collective Presence, Purpose, Peace and Prosperity.

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An Oracular Introduction

Bitcoin is commonly understood as the first truly decentralized and secure form of digital money—a breakthrough in monetary sovereignty. But this view, while technically correct, is incomplete and spiritually shallow. Bitcoin is more than a tool for economic disruption. Bitcoin represents a mythic threshold: a symbol of the psycho-spiritual shift that many ancient traditions have long foretold.

For millennia, sages and seers have spoken of a coming Golden Age. In the Vedic Yuga cycles, in Plato’s Great Year, in the Eagle and Condor prophecies of the Americas—there exists a common thread: that humanity will emerge from darkness into a time of harmony, cooperation, and clarity. That the veil of illusion (maya, materiality) will thin, and reality will once again become transparent to the transcendent. In such an age, systems based on scarcity, deception, and centralization fall away. A new cosmology takes root—one grounded in balance, coherence, and sacred reciprocity.

But we must ask—how does such a shift happen? How do we cross from the age of scarcity, fear, and domination into one of coherence, abundance, and freedom?

One possible answer lies in the alchemy of incentive.

Bitcoin operates not just on the rules of computer science or Austrian economics, but on something far more old and subtle: the logic of transformation. It transmutes greed—a base instinct rooted in scarcity—into cooperation, transparency, and incorruptibility.

In this light, Bitcoin becomes more than code—it becomes a psychoactive protocol, one that rewires human behavior by aligning individual gain with collective integrity. It is not simply a new form of money. It is a new myth of value. A new operating system for human consciousness.

Bitcoin does not moralize. It harmonizes. It transforms the instinct for self-preservation into a pathway for planetary coherence.

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Alchemizing Greed

At the heart of Bitcoin lies the ancient alchemical principle of transmutation: that which is base may be refined into gold.

Greed, long condemned as a vice, is not inherently evil. It is a distorted longing. A warped echo of the drive to preserve life. But in systems built on scarcity and deception, this longing calcifies into hoarding, corruption, and decay.

Bitcoin introduces a new game. A game with memory. A game that makes deception inefficient and truth profitable. It does not demand virtue—it encodes consequence. Its design does not suppress greed; it reprograms it.

In traditional models, game theory often illustrates the fragility of trust. The Prisoner’s Dilemma reveals how self-interest can sabotage collective well-being. But Bitcoin inverts this. It creates an environment where self-interest and integrity converge—where the most rational action is also the most truthful.

Its ledger, immutable and transparent, exposes manipulation for what it is: energetically wasteful and economically self-defeating. Dishonesty burns energy and yields nothing. The network punishes incoherence, not by decree, but by natural law.

This is the spiritual elegance of Bitcoin: it does not suppress greed—it transmutes it. It channels the drive for personal gain into the architecture of collective order. Miners compete not to dominate, but to validate. Nodes collaborate not through trust, but through mathematical proof.

This is not austerity. It is alchemy.

Greed, under Bitcoin, is refined. Tempered. Re-forged into a generative force—no longer parasitic, but harmonic.

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Layers of Fractalized Thought Fragments

All living systems are layered. So is the cosmos. So is the human being. So is a musical scale.

At its foundation lies the timechain—the pulsing, incorruptible record of truth. Like the heart, it beats steadily. Every block, like a pulse, affirms its life through continuity. The difficulty adjustment—Bitcoin’s internal calibration—functions like heart rate variability, adapting to pressure while preserving coherence.

Above this base layer is the Lightning Network—a second layer facilitating rapid, efficient transactions. It is the nervous system: transmitting energy, reducing latency, enabling real-time interaction across a distributed whole.

Beyond that, emerging tools like Fedimint and Cashu function like the capillaries—bringing vitality to the extremities, to those underserved by legacy systems. They empower the unbanked, the overlooked, the forgotten. Privacy and dignity in the palms of those the old system refused to see.

And then there is NOSTR—the decentralized protocol for communication and creation. It is the throat chakra, the vocal cords of the “freedom-tech” body. It reclaims speech from the algorithmic overlords, making expression sovereign once more. It is also the reproductive system, as it enables the propagation of novel ideas and protocols in fertile, uncensorable soil.

Each layer plays its part. Not in hierarchy, but in harmony. In holarchy. Bitcoin and other open source protocols grow not through exogenous command, but through endogenous coherence. Like cells in an organism. Like a song.

Imagine the cell as a piece of glass from a shattered holographic plate —by which its perspectival, moving image can be restructured from the single shard. DNA isn’t only a logical script of base pairs, but an evolving progressive song. Its lyrics imbued with wise reflections on relationships.  The nucleus sings, the cell responds—not by command, but by memory. Life is not imposed; it is expressed. A reflection of a hidden pattern.

Bitcoin chants this. Each node, a living cell, holds the full timechain—Truth distributed, incorruptible. Remove one, and the whole remains. This isn’t redundancy. It’s a revelation on the power of protection in Truth.

Consensus is communion. Verification becomes a sacred rite—Truth made audible through math. 

Not just the signal; the song. A web of self-expression woven from Truth.

No center, yet every point alive with the whole. Like Indra’s Net, each reflects all. This is more than currency and information exchange. It is memory; a self-remembering Mind, unfolding through consensus and code. A Mind reflecting the Truth of reality at the speed of thought.

Heuristics are mental shortcuts—efficient, imperfect, alive. Like cells, they must adapt or decay. To become unbiased is to have self-balancing heuristics which carry feedback loops within them: they listen to the environment, mutate when needed, and survive by resonance with reality. Mutation is not error, but evolution. Its rules are simple, but their expression is dynamic. 

What persists is not rigidity, but pattern. 

To think clearly is not necessarily to be certain, but to dissolve doubt by listening, adjusting, and evolving thought itself.

To understand Bitcoin is simply to listen—patiently, clearly, as one would to a familiar rhythm returning.

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Permissionless Individuation

Bitcoin is a path. One that no one can walk for you.

Said differently, it is not a passive act. It cannot be spoon-fed. Like a spiritual path, it demands initiation, effort, and the willingness to question inherited beliefs.

Because Bitcoin is permissionless, no one can be forced to adopt it. One must choose to engage it—compelled by need, interest, or intuition. Each person who embarks undergoes their own version of the hero’s journey.

Carl Jung called this process Individuation—the reconciliation of fragmented psychic elements into a coherent, mature Self. Bitcoin mirrors this: it invites individuals to confront the unconscious assumptions of the fiat paradigm, and to re-integrate their relationship to time, value, and agency.

In Western traditions—alchemy, Christianity, Kabbalah—the individual is sacred, and salvation is personal. In Eastern systems—Daoism, Buddhism, the Vedas—the self is ultimately dissolved into the cosmic whole. Bitcoin, in a paradoxical way, echoes both: it empowers the individual, while aligning them with a holistic, transcendent order.

To truly see Bitcoin is to allow something false to die. A belief. A habit. A self-concept.

In that death—a space opens for deeper connection with the Divine itSelf. 

In that dissolution, something luminous is reborn. 

After the passing, Truth becomes resurrected.  

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Dispelling Paradox Through Resonance

There is a subtle paradox encoded into the hero’s journey: each starts in solidarity, yet the awakening affects the collective.

No one can be forced into understanding Bitcoin. Like a spiritual truth, it must be seen. And yet, once seen, it becomes nearly impossible to unsee—and easier for others to glimpse. The pattern catches.

This phenomenon mirrors the concept of morphic resonance, as proposed and empirically tested by biologist Rupert Sheldrake. Once a critical mass of individuals begins to embody a new behavior or awareness, it becomes easier—instinctive—for others to follow suit. Like the proverbial hundredth monkey who begins to wash the fruit in the sea water, and suddenly, monkeys across islands begin doing the same—without ever meeting.

When enough individuals embody a pattern, it ripples outward. Not through propaganda, but through field effect and wave propagation. It becomes accessible, instinctive, familiar—even across great distance.

Bitcoin spreads in this way. Not through centralized broadcast, but through subtle resonance. Each new node, each individual who integrates the protocol into their life, strengthens the signal for others. The protocol doesn’t shout; it hums, oscillates and vibrates——persistently, coherently, patiently.

One awakens. Another follows. The current builds. What was fringe becomes familiar. What was radical becomes obvious.

This is the sacred geometry of spiritual awakening. One awakens, another follows, and soon the fluidic current is strong enough to carry the rest. One becomes two, two become many, and eventually the many become One again. This tessellation reverberates through the human aura, not as ideology, but as perceivable pattern recognition.

Bitcoin’s most powerful marketing tool is truth. Its most compelling evangelist is reality. Its most unstoppable force is resonance.

Therefore, Bitcoin is not just financial infrastructure—it is psychic scaffolding. It is part of the subtle architecture through which new patterns of coherence ripple across the collective field. 

The training wheels from which humanity learns to embody Peace and Prosperity.

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Ego Deflation

The process of awakening is not linear, and its beginning is rarely gentle—it usually begins with disruption, with ego inflation and destruction.

To individuate is to shape a center; to recognize peripherals and create boundaries—to say, “I am.” But without integration, the ego tilts—collapsing into void or inflating into noise. Fiat reflects this pathology: scarcity hoarded, abundance simulated. Stagnation becomes disguised as safety, and inflation masquerades as growth.

In other words, to become whole, the ego must first rise—claiming agency, autonomy, and identity. However, when left unbalanced, it inflates, or implodes. It forgets its context. It begins to consume rather than connect. And so the process must reverse: what inflates must deflate.

In the fiat paradigm, this inflation is literal. More is printed, and ethos is diluted. Savings decay. Meaning erodes. Value is abstracted. The economy becomes bloated with inaudible noise. And like the psyche that refuses to confront its own shadow, it begins to collapse under the weight of its own illusions.

But under Bitcoin, time is honored. Value is preserved. Energy is not abstracted but grounded.

Bitcoin is inherently deflationary—in both economic and spiritual senses. With a fixed supply, it reveals what is truly scarce. Not money, not status—but the finite number of heartbeats we each carry.

To see Bitcoin is to feel that limit in one’s soul. To hold Bitcoin is to feel Time’s weight again. To sense the importance of Bitcoin is to feel the value of preserved, potential energy. It is to confront the reality that what matters cannot be printed, inflated, or faked. In this way, Bitcoin gently confronts the ego—not through punishment, but through clarity.

Deflation, rightly understood, is not collapse—it is refinement. It strips away illusion, bloat, and excess. It restores the clarity of essence.

Spiritually, this is liberation.

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The Coin of Great Price

There is an ancient parable told by a wise man:

“The kingdom of heaven is like a merchant seeking fine pearls, who, upon finding one of great price, sold all he had and bought it.”

Bitcoin is such a pearl.

But the ledger is more than a chest full of treasure. It is a key to the heart of things.

It is not just software—it is sacrament.

A symbol of what cannot be corrupted. A mirror of divine order etched into code. A map back to the sacred center.

It reflects what endures. It encodes what cannot be falsified. It remembers what we forgot: that Truth, when aligned with form, becomes Light once again.

Its design is not arbitrary. It speaks the language of life itself— 

The elliptic orbits of the planets mirrored in its cryptography,

The logarithmic spiral of the nautilus shell discloses its adoption rate,

The interconnectivity of mycelium in soil reflect the network of nodes in cyberspace, 

A webbed breadth of neurons across synaptic space fires with each new confirmed transaction.

It is geometry in devotion. Stillness in motion.

It is the Logos clothed in protocol.

What this key unlocks is beyond external riches. It is the eternal gold within us.

Clarity. Sovereignty. The unshakeable knowing that what is real cannot be taken. That what is sacred was never for sale.

Bitcoin is not the destination.

It is the Path.

And we—when we are willing to see it—are the Temple it leads back to.

@ 3f68dede:779bb81d

testing schedule

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testing schedule

@ 8d34bd24:414be32b

We are all supposed to share Jesus and His word with those around us. We are called to:

but sanctify Christ as Lord in your hearts, always being ready to make a defense to everyone who asks you to give an account for the hope that is in you, yet with gentleness and reverence (1 Peter 3:15)

We should daily pray to God, read the Bible, and share Jesus with others. Some Christians will choose to go into full-time service to God. They will be pastors or missionaries. They will work for churches, Christian schools, and other Christian ministries. Of course, not everyone will make serving Jesus a career. That doesn’t mean the non-career Christians have no job to do. We are all to be a light to this world.

There is one ministry, though, that I’d argue is most important: sharing the gospel with and discipling our children.

These words, which I am commanding you today, shall be on your heart. You shall teach them diligently to your sons and shall talk of them when you sit in your house and when you walk by the way and when you lie down and when you rise up. (Deuteronomy 6:6-7)

This passage may have been written in the Old Testament, but I’d argue that it is even more true now that we have the truth of Jesus Christ, “the way, the truth, and the life.” If the Jews were called to diligently teach their kids the law, how much more should Christians diligently teach their kids the wonderous works and words of Jesus?

Train up a child in the way he should go, Even when he is old he will not depart from it. (Proverbs 22:6)

We should be so excited about what Jesus has done for us that it flows out of us in our daily lives. We should have a strong desire to learn God’s word and to share it with others, especially our children. We should share our excitement about Jesus with our kids. We should share our gratefulness for all Jesus has done for us. We should share our excitement about doing God’s work. Our children should see our faith in all we do and say.

Taking our kids to church Sunday morning and to Sunday school or youth group once a week is not going to teach our kids the importance of faith in Jesus. Praying openly at meals, at bedtime, when we hear about someone in need, and when a difficult situation happens teaches our kids to rely on Jesus. Reading our Bibles in front of our kids and doing daily devotions (at whatever time works for you, but we do evenings) teaches them the importance of the Scriptures. Acting according to a Biblical worldview and taking the time to explain to our kids the answers to the hard questions when the culture contradicts the Bible. This may mean taking the time to research answers to your kids’ questions because you don’t know the answer. Being patient with our kids, and even apologizing to them when we fail, teaches them to be humble and to repent. As the old saying goes, “morals are caught more than taught.” Also faith in Jesus is caught more than taught.

We need to live Godly lives that are different than the culture, remembering that our children are always watching, even when they are quite young and can’t articulate what they are learning.

We need to actively teach God’s word. This may be summarizing principles when they are young, but as soon as possible, this should include reading God’s word to our kids. (My daily reading is usually in an NASB Bible, but it is difficult for a young child to understand with its long, complex sentences, so I recommend something like the NLT Bible for children.)

“Now this is the commandment, the statutes and the judgments which the Lord your God has commanded me to teach you, that you might do them in the land where you are going over to possess it, so that you and your son and your grandson might fear the Lord your God, to keep all His statutes and His commandments which I command you, all the days of your life, and that your days may be prolonged. (Deuteronomy 6:1-2) {emphasis mine}

We want to share all of our knowledge of God and the Bible with our kids, grandkids, and great grandkids. We want to disciple our kids into strong faith in God and knowledge of the Bible, so they are capable of training their kids and their grandkids. We want to multiply faith in our families.

It is definitely good to have scheduled, intentional times of training our kids about the Bible. This could be part of homeschooling (which I strongly recommend). This could be family devotions, but we want teaching our kids about God to be just a natural part of life.

You shall teach them to your sons, talking of them when you sit in your house and when you walk along the road and when you lie down and when you rise up. (Deuteronomy 11:19)

Talking about what God has done in our lives, what we have learned about in our personal Bible study, and how the Bible relates to things we see in life should all naturally flow out of our interactions together. Talk about what the Bible says about a subject you hear on the news. Talk about what the Bible says about what is happening in a movie you watch. Talk about what the Bible says about the decisions you and your kids are having to make. Talk about what the Bible says about your kids’ relationship with each other and their friends and parents. God should be a normal part of everything in life.

We also want to make sure our actions don’t drive our kids away from God.

Fathers, do not provoke your children to anger, but bring them up in the discipline and instruction of the Lord. (Ephesians 6:4)

The Bible does not make light of our need to train our kids in faith.

Discipline your son while there is hope, And do not desire his death. (Proverbs 19:18)

This is so important that failure to train up our kids in faith is considered desiring our kid’s death.

God finds this training so critical, He also addresses it from the kid’s point of view and commands them to listen to their parent’s teaching.

My son, give attention to my words;\ Incline your ear to my sayings.\ Do not let them depart from your sight;\ Keep them in the midst of your heart.\ For they are life to those who find them\ And health to all their body.\ Watch over your heart with all diligence,\ For from it flow the springs of life. (Proverbs 4:20-23)

In Proverbs 31, the Bible gives the best explanation of a Godly woman and mother.

She opens her mouth in wisdom,\ And the teaching of kindness is on her tongue.\ She looks well to the ways of her household,\ And does not eat the bread of idleness.\ *Her children rise up and bless her*;\ Her husband also, and he praises her, saying:\ “Many daughters have done nobly,\ But you excel them all.” (Proverbs 31:26-29)

A Mom should continually “open her mouth in wisdom,” and teach kindly. A mother who fulfills this commandment faithfully is promised that “Her children rise up and bless her.” Being loved and appreciated by our kids is a wonderful blessing, but even greater is knowing that we will see our children with us in heaven.

May God guide you and encourage you as you teach, train, and discipline your kids to know their God, Creator, and Savior.

Trust Jesus.

@ 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.

@ c230edd3:8ad4a712

Out of the night that covers me,

Black as the Pit from pole to pole,

I thank whatever gods may be

For my unconquerable soul.

In the fell clutch of circumstance

I have not winced nor cried aloud.

Under the bludgeonings of chance

My head is bloody, but unbowed.

Beyond this place of wrath and tears

Looms but the Horror of the shade,

And yet the menace of the years

Finds, and shall find, me unafraid.

It matters not how strait the gate,

How charged with punishments the scroll,

I am the master of my fate:

I am the captain of my soul.

@ bc6ccd13:f53098e4

The credit/debt fiat money system is broken. If you haven’t been living under a rock, I’m sure you’re aware that something is really messed up in the financial system. Hopefully you’re at least somewhat aware of the reasons why and are placing blame squarely on the structure of the monetary system and not on politics or “capitalism” or “socialism” or corporations or billionaires or any of the other red herrings the bankers desperately hope to distract you with.

If you’re still obsessing over any of those things, that’s okay too, and you’re the reason I started this newsletter. It’s impossible to make good decisions without understanding the relevant information, and when it comes to money, almost no one understands the relevant information. My goal is to change that for as many people as I can reach, to grow the small group of people who are knowledgeable and empowered to make better decisions on money and finance.

Previous articles have been focused on economic theory and how money works at a conceptual level. That’s critically important to understand, and if you haven’t taken the time to read those articles, I know it will open your eyes to the world in a way you’ve never considered before. That understanding will give you a huge advantage in benefiting from what I’m about to describe. But today’s subject is strictly practical, actionable information on one specific financial instrument, and how you can use it to game the broken money system to benefit YOU.

Money Is Not Scarce

If you read my previous articles, you’ll understand that one of the biggest problems with the credit/debt money system is that money is not scarce in this system. In fact, the quantity of money is basically unlimited. That’s because money is created by banks every time they make a loan. Unlike everything you’ve ever thought, banks don’t lend out money that’s given to them by depositors. They create new money, out of thin air, with a computer keystroke, every time they make a new loan. That means in practical terms that the amount of money is only limited by the willingness of banks to make loans. And since banks profit by charging interest to loan out money they can create at zero cost, they’re incentivized to make a LOT of loans.

Now as you can easily see, things that aren’t scarce don’t have a lot of value. The less scarce and more easily available something is, the less valuable it becomes. If you and a friend were standing on the shore of Lake Michigan and you reached down and scooped up a cup full of water, turned to your friend, and said “I’ll trade you this cup of water for your Rolex watch,” he’d look at you like you lost your mind. And rightly so, since a cup of water on the shore of a giant lake is so abundant and easily accessible that it has no value compared to a Rolex watch, which are deliberately produced in very limited amounts to increase their scarcity and value.

The difference between money and the water in that example is that money is not scarce, but it is selectively scarce. If you’re a bank, you have access to as much money as you choose to loan out, at zero cost. On the other hand, if you aren’t a bank, money is only available if the bank decides to create some and loan it to you, or you work hard to earn money someone else already has.

This selective scarcity of money is the root cause of the massive wealth inequality we see today. Money is essential to survive in the modern economy, but access to that money is very unevenly distributed.

So how does this benefit certain people? You might be thinking, but don’t borrowers have to pay the loan back with interest? Of course it’s easy to see how the banks benefit, but plenty of wealthy people are not bankers. And that’s a good point. Here’s how.

Because of the incentives banks have to make loans, the amount of money in circulation tends to keep rising exponentially. The amount of most real goods in the economy, however, typically doesn’t rise as fast. When you have more money circulating in the economy without more goods available, the prices people are willing to pay for those goods will go up. That means prices of some scarce goods rise very consistently over time. Those with access to newly created money in the form of loans benefit by using that money to buy assets that are more scarce than the money they borrowed to buy the asset. So they may buy an asset for $1 million, but by the time the loan is due to be repaid, the continuous inflation caused by the increasing money supply might have pushed the price of that asset up to $1.5 million. So subtract the interest paid from $500,000, and there’s your profit, all for doing nothing but convincing a banker to create some money and let you borrow it. The concept that those closest to the source of new money will benefit the most, because they can buy things before the prices rise, is called the Cantillon effect.

Benefitting from the Cantillon Effect

So how can you benefit? You can see that borrowing a bunch of money and buying a good asset with it would be the perfect way to take advantage of the Cantillon effect. But the problem for most people is, if they go to the bank and ask to borrow a few hundred thousand dollars, they’ll be declined in a millisecond. If you’re not already wealthy, you’re going to have a really tough time getting a big loan at a low interest rate, which is what it takes to make this system work in your favor. Most people only have access to loans in the form of a credit card or personal loan, which will be for a small amount and a very high interest rate. That’s not helpful. Luckily there’s one exception, one way almost anyone can borrow a big chunk of money at a low interest rate, and buy an asset that will increase in price over time as the money supply grows: a mortgage.

If you have the income and credit to support a mortgage payment, it can be a great way to take advantage of the broken monetary system to accumulate some long term wealth. However, there are a few caveats and some simple tricks that can make all the difference.

First, while the constant demand for houses fueled by easy access to newly created money means house prices tend to rise consistently over time, there are no guarantees. The housing market often has periods of boom and bust, and falling prices can last for years. Borrowing is always risky, and you shouldn’t take a risk you don’t understand or aren’t comfortable with. While no one can time the housing market, it’s always good to at least be aware that the housing market does rise and fall in cycles, and try to avoid buying when all signs point to housing being extremely overpriced.

Second, just because houses are rising in price doesn’t mean they’re rising in value. It’s a simple concept, but one most people miss. Like Warren Buffet says, price is what you pay, value is what you get. If you buy a house today for $400,000, and in 10 years that same house sells for $700,000, how much did the value of the house change? The price went up, but the house is still the same house in the same location, it’s just a decade older. And a decade of wear and tear is a decrease in value, not an increase. Think of it this way. You can sell for $700,000 and you have $300,000 of “profit”. But if you want the same house back, you can’t buy it for $400,000 again and pocket the $300,000. You can only get the same house back for the full price you received. You haven’t increased your purchasing power at all in terms of housing with that “profit”. Your house hasn’t become more valuable, your money has just become less valuable when measured against houses. In that sense, you probably can’t increase your purchasing power by buying a house to live in, but you can at least avoid losing purchasing power. If you just save money in the bank to buy a house later, house prices will probably rise faster than you can save. That’s especially true if you’re paying rent at the same time. At least with a mortgage, if you pay long enough you own a house eventually. You can pay rent your whole life and you’ll still own nothing at the end.

Understanding Amortization

The key to making a mortgage work for you is to understand and manipulate the amount of principal and interest you pay over the term of the loan. To do this, you need to understand how a mortgage amortization schedule works. An amortization schedule is basically a big chart of your mortgage payments each month, showing how much of each payment is applied to paying down the principal and how much is paying interest. The payment size is the same each month, but the amount of principal and interest varies over the term of the loan, and that’s key to understanding how to manipulate the system.

To understand amortization, you need a good amortization calculator. There are plenty of different ones available online, but I’m going to use the one here to illustrate. In this example, I’m going to arbitrarily choose a mortgage size of $500,000 and an interest rate of 7%, but you can of course use your own numbers. When we enter this into the calculator with a loan term of 30 years and click “calculate”, we get something that looks like this.

You can see the monthly payment of $3,326.51, and the total payments over 30 years of almost $1.2 million, almost $700,000 of which is interest. So you end up paying more in interest than the total amount of principal you borrowed. Gulp.

That seems terrible, and it is. But this is where understanding the amortization schedule, that scary looking chart to the left, is going to pay big dividends. First, change the amortization schedule from an annual schedule to a monthly schedule. You’ll see something that looks like this.

So now for each month, you can see how much of the payment is interest, how much is principal, and how much of your original $500,000 balance is still outstanding. As you can see in month one, you’re paying over $2,900 in interest and only $400 in principal, leaving you with a balance of $499,590.15. The reason the interest is so high initially is that you have to pay interest on the full principal balance. As the principal gets paid down, you are now paying interest on a smaller balance. If you scroll down to year 29, you’ll see the opposite situation. In month 338 you’ll pay $2,900 of principal and only $400 of interest. That’s because you’re now paying interest on a balance of only $68,000 instead of $500,000.

As you can see, getting into the later years of the mortgage is a much better situation than paying huge amounts of interest in the first few years. Is there a way to get closer to the end fast? Yes there is, and you may be surprised how easy it is.

Go back to the annual amortization schedule. Suppose you want to take 5 years off your mortgage. How much would it cost to do, and how much would you save in interest? There are two ways to do this, and we’ll cover both.

First, the easiest way to get 5 years off your mortgage is to move straight down the amortization schedule to year 6. How can you do that? Look at the annual amortization schedule for year 5. Your ending balance is a little over $470,000. That means to get to that point in the loan repayment schedule, you need to pay $30,000 of principal. So let’s see where a lump sum payment of $30,000 gets us. Inside the box where you entered your loan terms you’ll see a little checkbox labeled “Optional: make extra payments”. Click that box. In the “Extra one-time pay” box, enter $30,000. Click calculate. You’ll see this.

And viola, with the extra payment, the loan will be paid off in 25 years, and you’ll save $172,362 in interest. Pretty amazing results for a one-time $30,000 payment.

Of course for the sake of simplicity, that’s assuming you pay the $30,000 at the very beginning of the loan. Paying the lump sum later into the loan term will change the exact amount of the savings. You can play around with other payment sizes, or even multiple lump sum payments, and see how much each one will save.

But most of you will be thinking, “Where am I going to get $30,000? That’s never going to happen.” If that’s you, don’t worry. We can do the exact same thing a different way.

Go back to your calculator, remove the lump sum payment, and leave everything else the same, except the loan term. Change the loan term to 25 years instead of 30 years. Click calculate. Now look at just one number, the payment size. You’ll see it’s $3,533.90. Don’t worry about anything else, just note that number. Now reset to your original calculation of a 30 year term. You’ll see the payment size is back down to $3,326.51. Now get out your calculator and subtract $3,326.51 from $3,533.90. You’ll get $207.39. Go back to your “make extra payments” box and enter an “extra monthly pay” of $207.39. Click calculate.

As you can see, just by paying an extra $207 of principal every month, you’ll pay the loan off 5 years faster and save $137,379 in interest.

You’ll save a little less that way than the lump sum payment, because you’re not paying the principal down as much early in the loan. But paying an extra $200 a month is much easier for most people than accumulating thousands of dollars to make a large lump sum payment. A few hundred dollars is only about 6% of the size of this mortgage payment, so it’s really a small difference. And if you can’t afford to pay a few percent of your payment size extra each month, the mortgage is probably bigger than you can reasonably afford.

You can play around with these numbers in all kinds of ways. It’s a good way to help you think about your financial decisions, and the real impact they might have over time. Say for example, you’re considering buying a new grill for the backyard. You only grill a few times a month during the summer, and a replacement model of the basic charcoal grill you have now would be perfectly serviceable. It’s available for $119 on Amazon. But your brother-in-law just bought one of those Big Green Eggs and he keeps bragging about how amazing it is. They’re $1,950, but you can afford it, you just got a nice little bonus at work. So why not?

But before you get out the checkbook, let’s take a quick look at the mortgage calculator. Let’s see how much that extra $1,831 spent on a grill you don’t really need will actually cost you. Again, input your mortgage size, term, and interest rate, and add an extra one-time payment of $1,831.

Hopefully you’re still using that Big Green Egg in 30 years, because by that time, it will have cost you almost $13,000 in additional interest payments.

You can fill in the blank with your own discretionary purchases and see whether they’re really worth the cost. It’s just another little tool to help plan your financial decisions. It’s free to do, and can make a very significant difference in your financial well-being down the road. But almost no one takes advantage of the opportunity, so you’ll have a huge leg up on most people just by knowing this simple concept.

The Bottom Line

To take advantage of the opportunity to build wealth with a mortgage, there are only two simple rules.

1. Use a mortgage to buy a reasonably priced house that you couldn’t otherwise afford.

2. Take advantage of amortization to pay that mortgage off as fast as possible, so you pay as little interest as possible while still capturing the increase in price of the house.

If you already own a home, you can use the same concept. Take out a mortgage for whatever amount you’re comfortable with, and use the money to buy an asset that will increase in price with inflation. Choose your asset wisely, and don’t take on more debt than you can afford. But if you make good decisions, you can take advantage of the broken financial system, using this little mortgage cheat code to get the Cantillon effect on your side. The wealthy are doing it every day, so don’t miss the opportunity to lock in long-term, fixed rate debt and acquire hard assets. As the debt/credit fiat system implodes, the opportunity to do this will disappear. Take advantage of it while you can.

@ b2caa9b3:9eab0fb5

Yesterday, I faced one of the most heartbreaking and frustrating experiences of my life. Between 10:00 AM and 2:00 PM, I was held at the Taveta border, denied entry into Kenya—despite having all the necessary documents, including a valid visitor’s permit and an official invitation letter.

The Kenyan Immigration officers refused to speak with me. When I asked for clarification, I was told flatly that I would never be allowed to enter Kenya unless I obtain a work permit. No other reason was given. My attempts to explain that I simply wanted to see my child were ignored. No empathy. No flexibility. No conversation. Just rejection.

While I stood there for hours, held by officials with no explanation beyond a bureaucratic wall, I recorded the experience. I now have several hours of footage documenting what happened—a silent testimony to how a system can dehumanize and block basic rights.

And the situation doesn’t end at the border.

My child, born in Kenya, is also being denied the right to see me. Germany refuses to grant her citizenship, which means she cannot visit me either. The German embassy in Nairobi refuses to assist, stating they won’t get involved. Their silence is loud.

This is not just about paperwork. This is about a child growing up without her father. It’s about a system that chooses walls over bridges, and bureaucracy over humanity. Kenya, by refusing me entry, is keeping a father away from his child. Germany, by refusing to act under §13 StGB, is complicit in that injustice.

In the coming days, I’ll share more about my past travels and how this situation unfolded. I’ll also be releasing videos and updates on TikTok—because this story needs to be heard. Not just for me, but for every parent and child caught between borders and bureaucracies.

Stay tuned—and thank you for standing with me.

@ 266815e0:6cd408a5

Streams are the key to nostr

Loading events from a nostr relay is probably the most inconsistent way of loading data I've had to work with, and that's only loading from a single relay. the problem gets exponentially more complicated once you try to load events from multiple relays

Unlike HTTP nostr does not have a simple flow with timeouts built in. events are sent back one at a time and can fail at any point or have massive (10s) gaps between them

The key is to use streams. something that starts, emits any number of results, then maybe errors or completes. luckily it just so happens that JavaScript / TypeScript has a great observable stream library called RxJS

What is an observable

An Observable in RxJS is stream a of data that are initialized lazily, which means the stream is inactive and not running until something subscribes to it

```ts let stream = new Observable((observer) => { observer.next(1) observer.next(2) observer.next(3) observer.complete() })

// The stream method isn't run until its subscribed to stream.subscribe(v => console.log(v)) ```

This is super powerful and perfect for nostr because it means we don't need to manage the life-cycle of the stream. it will run when something subscribes to it and stop when unsubscribed.

Its helpful to think of this as "pulling" data. once we have created an observable we can request the data from it at any point in the future.

Pulling data from relays

We can use the lazy nature of observables to only start fetching events from a nostr relay when we need them

For example we can create an observable that will load kind 1 events from the damus relay and stream them back as they are returned from the relay

```typescript let req = new Observable((observer) => { // Create a new websocket connection when the observable is start let ws = new WebSocket('wss://relay.damus.io')

ws.onopen = () => { // Start a REQ ws.send(JSON.stringify(['REQ', 'test', {kinds: [1], limit: 20}])) }

ws.onmessage = (event) => { let message = JSON.parse(event.data) // Get the event from the message and pass it along to the subscribers if(message[0] === 'EVENT') observer.next(message[1]) }

// Cleanup subscription return () => { ws.send(JSON.stringify(['CLOSE', 'test'])) ws.close() } }) ```

But creating the observable wont do anything. we need to subscribe to it to get any events.

ts let sub = req.subscribe(event => { console.log('we got an event' event) })

Cool now we are pulling events from a relay. once we are done we can stop listening to it by unsubscribing from it

ts sub.unsubscribe()

This will call the cleanup method on the observable, which in turn closes the connection to the relay.

Hopefully you can see how this work, we don't have any open, connect, or disconnect methods. we simply subscribe to a stream of events and it handles all the messy logic of connecting to a relay

Composing and chaining observables

I've shown you how we can create a simple stream of events from a relay, but what if we want to pull from two relays?

Easy, lets make the previous example into a function that takes a relay URL

```ts function getNoteFromRelay(relay: string){ return new Observable((observer) => { let ws = new WebSocket(relay)

// ...rest of the observable...

}) } ```

Then we can "merge" two of these observables into a single observable using the merge method from RxJS

The merge method will create a single observable that subscribes to both upstream observables and sends all the events back. Think of it as pulling events from both relays at once

```ts import { merge } from 'rxjs'

const notes = merge( getNoteFromRelay('wss://relay.damus.io'), getNoteFromRelay('wss://nos.lol') )

// Subscribe to the observable to start getting data from it const sub = notes.subscribe(event => { console.log(event) })

// later unsubscribe setTimeout(() => { sub.unsubscribe() }, 10_000) ```

But now we have a problem, because we are pulling events from two relays we are getting duplicate events. to solve this we can use the .pipe method and the distinct operator from RxJS to modify our single observable to only return one version of each event

The .pipe method will create a chain of observables that will each subscribe to the previous one and modify the returned values in some way

The distinct operator takes a method that returns a unique identifier and filters out any duplicate values

```ts import { merge, distinct } from 'rxjs'

const notes = merge( getNoteFromRelay('wss://relay.damus.io'), getNoteFromRelay('wss://nos.lol') ).pipe( // filter out events we have seen before based on the event id distinct(event => event.id) ) ```

Now we have an observable that when subscribed to will connect to two relays and return a stream of events without duplicates...

As you can see things can start getting complicated fast. but its also very powerful because we aren't managing any life-cycle code, we just subscribe and unsubscribe from an observable

Taking it to an extreme

Hopefully at this point you can see how powerful this is, we can think of almost any data loading pattern as a series of observables that pull data from upstream observables and stream it back to the original subscriber.

Here is a quick sketch of what it could look like to load user profiles. each node is an observable that "pulls" data from its child node ending with the "connect websocket" or "load from database" nodes which do the work of making a relay connection

Conclusion

All this might seem pretty simple and straight forward, but its been a long six month of learning for me. I've had to completely rethink how data and nostr events should be handled in a client and how to avoid screwing up and shooting myself in the foot with these powerful tools.

If you want to give RxJS a try I would encourage you to checkout the nostr sdk I've been building called applesauce

Its uses RxJS for pretty much everything and has the simplest and most flexible relay connection API I've seen so far (mainly no life-cycle management)

@ 2f29aa33:38ac6f13

The Myth and the Magic

Picture this: a group of investors, huddled around a glowing computer screen, nervously watching Bitcoin’s price. Suddenly, someone produces a stick-no ordinary stick, but a magical one. With a mischievous grin, they poke the Bitcoin. The price leaps upward. Cheers erupt. The legend of the Bitcoin stick is born.

But why does poking Bitcoin with a stick make the price go up? Why does it only work for a lucky few? And what does the data say about this mysterious phenomenon? Let’s dig in, laugh a little, and maybe learn the secret to market-moving magic.

The Statistical Side of Stick-Poking

Bitcoin’s Price: The Wild Ride

Bitcoin’s price is famous for its unpredictability. In the past year, it’s soared, dipped, and soared again, sometimes gaining more than 50% in just a few months. On a good day, billions of dollars flow through Bitcoin trades, and the price can jump thousands in a matter of hours. Clearly, something is making this happen-and it’s not just spreadsheets and financial news.

What Actually Moves the Price?

• Scarcity: Only 21 million Bitcoins will ever exist. When more people want in, the price jumps.

• Big News: Announcements, rumors, and meme-worthy moments can send the price flying.

• FOMO: When people see Bitcoin rising, they rush to buy, pushing it even higher.

• Liquidations: When traders betting against Bitcoin get squeezed, it triggers a chain reaction of buying.

But let’s be honest: none of this is as fun as poking Bitcoin with a stick.

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The Magical Stick: Not Your Average Twig

Why Not Every Stick Works

You can’t just grab any old branch and expect Bitcoin to dance. The magical stick is a rare artifact, forged in the fires of internet memes and blessed by the spirit of Satoshi. Only a chosen few possess it-and when they poke, the market listens.

Signs You Have the Magical Stick

• When you poke, Bitcoin’s price immediately jumps a few percent.

• Your stick glows with meme energy and possibly sparkles with digital dust.

• You have a knack for timing your poke right after a big event, like a halving or a celebrity tweet.

• Your stick is rumored to have been whittled from the original blockchain itself.

Why Most Sticks Fail

• No Meme Power: If your stick isn’t funny, Bitcoin ignores you.

• Bad Timing: Poking during a bear market just annoys the blockchain.

• Not Enough Hype: If the bitcoin community isn’t watching, your poke is just a poke.

• Lack of Magic: Some sticks are just sticks. Sad, but true.

---

The Data: When the Stick Strikes

Let’s look at some numbers:

• In the last month, Bitcoin’s price jumped over 20% right after a flurry of memes and stick-poking jokes.

• Over the past year, every major price surge was accompanied by a wave of internet hype, stick memes, or wild speculation.

• In the past five years, Bitcoin’s biggest leaps always seemed to follow some kind of magical event-whether a halving, a viral tweet, or a mysterious poke.

Coincidence? Maybe. But the pattern is clear: the stick works-at least when it’s magical.

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The Role of Memes, Magic, and Mayhem

Bitcoin’s price is like a cat: unpredictable, easily startled, and sometimes it just wants to be left alone. But when the right meme pops up, or the right stick pokes at just the right time, the price can leap in ways that defy logic.

The bitcoin community knows this. That’s why, when Bitcoin’s stuck in a rut, you’ll see a flood of stick memes, GIFs, and magical thinking. Sometimes, it actually works.

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The Secret’s in the Stick (and the Laughs)

So, does poking Bitcoin with a stick really make the price go up? If your stick is magical-blessed by memes, timed perfectly, and watched by millions-absolutely. The statistics show that hype, humor, and a little bit of luck can move markets as much as any financial report.

Next time you see Bitcoin stalling, don’t just sit there. Grab your stick, channel your inner meme wizard, and give it a poke. Who knows? You might just be the next legend in the world of bitcoin magic.

And if your stick doesn’t work, don’t worry. Sometimes, the real magic is in the laughter along the way.

-aco

@block height: 897,104

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@ 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.

@ c1e9ab3a:9cb56b43

If you're an engineer stepping into the Bitcoin space from the broader crypto ecosystem, you're probably carrying a mental model shaped by speed, flexibility, and rapid innovation. That makes sense—most blockchain platforms pride themselves on throughput, programmability, and dev agility.

But Bitcoin operates from a different set of first principles. It’s not competing to be the fastest network or the most expressive smart contract platform. It’s aiming to be the most credible, neutral, and globally accessible value layer in human history.

Here’s why that matters—and why Bitcoin is not just an alternative crypto asset, but a structural necessity in the global financial system.

1. Bitcoin Fixes the Triffin Dilemma—Not With Policy, But Protocol

The Triffin Dilemma shows us that any country issuing the global reserve currency must run persistent deficits to supply that currency to the world. That’s not a flaw of bad leadership—it’s an inherent contradiction. The U.S. must debase its own monetary integrity to meet global dollar demand. That’s a self-terminating system.

Bitcoin sidesteps this entirely by being:

• Non-sovereign – no single nation owns it
• Hard-capped – no central authority can inflate it
• Verifiable and neutral – anyone with a full node can enforce the rules

In other words, Bitcoin turns global liquidity into an engineering problem, not a political one. No other system, fiat or crypto, has achieved that.

2. Bitcoin’s “Ossification” Is Intentional—and It's a Feature

From the outside, Bitcoin development may look sluggish. Features are slow to roll out. Code changes are conservative. Consensus rules are treated as sacred.

That’s the point.

When you’re building the global monetary base layer, stability is not a weakness. It’s a prerequisite. Every other financial instrument, app, or protocol that builds on Bitcoin depends on one thing: assurance that the base layer won’t change underneath them without extreme scrutiny.

So-called “ossification” is just another term for predictability and integrity. And when the market does demand change (SegWit, Taproot), Bitcoin’s soft-fork governance process has proven capable of deploying it safely—without coercive central control.

3. Layered Architecture: Throughput Is Not a Base Layer Concern

You don’t scale settlement at the base layer. You build layered systems. Just as TCP/IP doesn't need to carry YouTube traffic directly, Bitcoin doesn’t need to process every microtransaction.

Instead, it anchors:

• Lightning (fast payments)
• Fedimint (community custody)
• Ark (privacy + UTXO compression)
• Statechains, sidechains, and covenants (coming evolution)

All of these inherit Bitcoin’s security and scarcity, while handling volume off-chain, in ways that maintain auditability and self-custody.

4. Universal Assayability Requires Minimalism at the Base Layer

A core design constraint of Bitcoin is that any participant, anywhere in the world, must be able to independently verify the validity of every transaction and block—past and present—without needing permission or relying on third parties.

This property is called assayability—the ability to “test” or verify the authenticity and integrity of received bitcoin, much like verifying the weight and purity of a gold coin.

To preserve this:

• The base layer must remain resource-light, so running a full node stays accessible on commodity hardware.
• Block sizes must remain small enough to prevent centralization of verification.
• Historical data must remain consistent and tamper-evident, enabling proof chains across time and jurisdiction.

Any base layer that scales by increasing throughput or complexity undermines this fundamental guarantee, making the network more dependent on trust and surveillance infrastructure.

Bitcoin prioritizes global verifiability over throughput—because trustless money requires that every user can check the money they receive.

5. Governance: Not Captured, Just Resistant to Coercion

The current controversy around OP_RETURN and proposals to limit inscriptions is instructive. Some prominent devs have advocated for changes to block content filtering. Others see it as overreach.

Here's what matters:

• No single dev, or team, can force changes into the network. Period.
• Bitcoin Core is not “the source of truth.” It’s one implementation. If it deviates from market consensus, it gets forked, sidelined, or replaced.
• The economic majority—miners, users, businesses—enforce Bitcoin’s rules, not GitHub maintainers.

In fact, recent community resistance to perceived Core overreach only reinforces Bitcoin’s resilience. Engineers who posture with narcissistic certainty, dismiss dissent, or attempt to capture influence are routinely neutralized by the market’s refusal to upgrade or adopt forks that undermine neutrality or openness.

This is governance via credible neutrality and negative feedback loops. Power doesn’t accumulate in one place. It’s constantly checked by the network’s distributed incentives.

6. Bitcoin Is Still in Its Infancy—And That’s a Good Thing

You’re not too late. The ecosystem around Bitcoin—especially L2 protocols, privacy tools, custody innovation, and zero-knowledge integrations—is just beginning.

If you're an engineer looking for:

• Systems with global scale constraints
• Architectures that optimize for integrity, not speed
• Consensus mechanisms that resist coercion
• A base layer with predictable monetary policy

Then Bitcoin is where serious systems engineers go when they’ve outgrown crypto theater.

Take-away

Under realistic, market-aware assumptions—where:

• Bitcoin’s ossification is seen as a stability feature, not inertia,
• Market forces can and do demand and implement change via tested, non-coercive mechanisms,
• Proof-of-work is recognized as the only consensus mechanism resistant to fiat capture,
• Wealth concentration is understood as a temporary distribution effect during early monetization,
• Low base layer throughput is a deliberate design constraint to preserve verifiability and neutrality,
• And innovation is layered by design, with the base chain providing integrity, not complexity...

Then Bitcoin is not a fragile or inflexible system—it is a deliberately minimal, modular, and resilient protocol.

Its governance is not leaderless chaos; it's a negative-feedback structure that minimizes the power of individuals or institutions to coerce change. The very fact that proposals—like controversial OP_RETURN restrictions—can be resisted, forked around, or ignored by the market without breaking the system is proof of decentralized control, not dysfunction.

Bitcoin is an adversarially robust monetary foundation. Its value lies not in how fast it changes, but in how reliably it doesn't—unless change is forced by real, bottom-up demand and implemented through consensus-tested soft forks.

In this framing, Bitcoin isn't a slower crypto. It's the engineering benchmark for systems that must endure, not entertain.

Final Word

Bitcoin isn’t moving slowly because it’s dying. It’s moving carefully because it’s winning. It’s not an app platform or a sandbox. It’s a protocol layer for the future of money.

If you're here because you want to help build that future, you’re in the right place.

nostr:nevent1qqswr7sla434duatjp4m89grvs3zanxug05pzj04asxmv4rngvyv04sppemhxue69uhkummn9ekx7mp0qgs9tc6ruevfqu7nzt72kvq8te95dqfkndj5t8hlx6n79lj03q9v6xcrqsqqqqqp0n8wc2

nostr:nevent1qqsd5hfkqgskpjjq5zlfyyv9nmmela5q67tgu9640v7r8t828u73rdqpr4mhxue69uhkymmnw3ezucnfw33k76tww3ux76m09e3k7mf0qgsvr6dt8ft292mv5jlt7382vje0mfq2ccc3azrt4p45v5sknj6kkscrqsqqqqqp02vjk5

nostr:nevent1qqstrszamvffh72wr20euhrwa0fhzd3hhpedm30ys4ct8dpelwz3nuqpr4mhxue69uhkymmnw3ezucnfw33k76tww3ux76m09e3k7mf0qgs8a474cw4lqmapcq8hr7res4nknar2ey34fsffk0k42cjsdyn7yqqrqsqqqqqpnn3znl

@ 9bde4214:06ca052b

"It's gonna be permissionless or hell."

Gigi and gzuuus are vibing towards dystopia.

Books & articles mentioned:

• AI 2027
• DVMs were a mistake
• Careless People by Sarah Wynn-Williams
• Takedown by Laila michelwait
• The Ultimate Resource by Julian L. Simon
• Harry Potter by J.K. Rowling
• Momo by Michael Ende

In this dialogue:

• Pablo's Roo Setup
• Tech Hype Cycles
• AI 2027
• Prompt injection and other attacks
• Goose and DVMCP
• Cursor vs Roo Code
• Staying in control thanks to Amber and signing delegation
• Is YOLO mode here to stay?
• What agents to trust?
• What MCP tools to trust?
• What code snippets to trust?
• Everyone will run into the issues of trust and micropayments
• Nostr solves Web of Trust & micropayments natively
• Minimalistic & open usually wins
• DVMCP exists thanks to Totem
• Relays as Tamagochis
• Agents aren't nostr experts, at least not right now
• Fix a mistake once & it's fixed forever
• Giving long-term memory to LLMs
• RAG Databases signed by domain experts
• Human-agent hybrids & Chess
• Nostr beating heart
• Pluggable context & experts
• "You never need an API key for anything"
• Sats and social signaling
• Difficulty-adjusted PoW as a rare-limiting mechanism
• Certificate authorities and centralization
• No solutions to policing speech!
• OAuth and how it centralized
• Login with nostr
• Closed vs open-source models
• Tiny models vs large models
• The minions protocol (Stanford paper)
• Generalist models vs specialized models
• Local compute & encrypted queries
• Blinded compute
• "In the eyes of the state, agents aren't people"
• Agents need identity and money; nostr provides both
• "It's gonna be permissionless or hell"
• We already have marketplaces for MCP stuff, code snippets, and other things
• Most great stuff came from marketplaces (browsers, games, etc)
• Zapstore shows that this is already working
• At scale, central control never works. There's plenty scams and viruses in the app stores.
• Using nostr to archive your user-generated content
• HAVEN, blossom, novia
• The switcharoo from advertisements to training data
• What is Truth?
• What is Real?
• "We're vibing into dystopia"
• Who should be the arbiter of Truth?
• First Amendment & why the Logos is sacred
• Silicon Valley AI bros arrogantly dismiss wisdom and philosophy
• Suicide rates & the meaning crisis
• Are LLMs symbiotic or parasitic?
• The Amish got it right
• Are we gonna make it?
• Careless People by Sarah Wynn-Williams
• Takedown by Laila michelwait
• Harry Potter dementors & Momo's time thieves
• Facebook & Google as non-human (superhuman) agents
• Zapping as a conscious action
• Privacy and the internet
• Plausible deniability thanks to generative models
• Google glasses, glassholes, and Meta's Ray Ben's
• People crave realness
• Bitcoin is the realest money we ever had
• Nostr allows for real and honest expression
• How do we find out what's real?
• Constraints, policing, and chilling effects
• Jesus' plans for DVMCP
• Hzrd's article on how DVMs are broken (DVMs were a mistake)
• Don't believe the hype
• DVMs pre-date MCP tools
• Data Vending Machines were supposed to be stupid: put coin in, get stuff out.
• Self-healing vibe-coding
• IP addresses as scarce assets
• Atomic swaps and the ASS protocol
• More marketplaces, less silos
• The intensity of #SovEng and the last 6 weeks
• If you can vibe-code everything, why build anything?
• Time, the ultimate resource
• What are the LLMs allowed to think?
• Natural language interfaces are inherently dialogical
• Sovereign Engineering is dialogical too

@ f4db5270:3c74e0d0

Hi Art lover! 🎨🫂💜

You may not know it yet but all of the following paintings are available in #Bitcoin on my website: <https://isolabellart.carrd.co/>

For info and prices write to me in DM and we will find a good deal! 🤝

THE QUIET ROOM 50x40cm, Oil on board - Completed May 8, 2025

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OLTRE LA NEBBIA 50x40cm, Oil on board - Completed April 18, 2025

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TO THE LAST LIGHT 50x40cm, Oil on board - Completed April 5, 2025

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BLINDING SUNSET 40x40cm, Oil on board - Completed March 18, 2025

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ECHI DEL TEMPO PERDUTO 40x40cm, Oil on board - Completed March 09, 2025

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EVANESCENZE 40x40cm, Oil on board - Completed February 11, 2025

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OLTRE LA STACCIONATA 50x40cm, Oil on board - Completed February 8, 2025

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LONELY WINDMILL 50x40cm, Oil on board - Completed January 30, 2025

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ON THE ROAD AGAIN 40x50cm, Oil on canvas - Completed January 23, 2025

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SUN OF JANUARY 40x50cm, Oil on canvas - Completed January 14, 2025

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THE BLUE HOUR 40x50cm, Oil on canvas - Completed December 14, 2024

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WHERE WINTER WHISPERS 50x40cm, Oil on canvas - Completed November 07, 2024

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L'ATTESA DI UN MOMENTO 40x40cm, Oil on canvas - Completed October 29, 2024

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LE COSE CHE PENSANO 40x50cm, Oil on paper - Completed October 05, 2024

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TWILIGHT'S RIVER 50x40cm, Oil on canvas - Completed September 17, 2024

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GOLD ON THE OCEAN 40x50cm, Oil on paper - Completed September 08, 2024

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SUSSURRI DI CIELO E MARE 50x40cm, Oil on paper - Completed September 05, 2024

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THE END OF A WONDERFUL WEEKEND 40x30cm, Oil on board - Completed August 12, 2024

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FIAMME NEL CIELO 60x35cm, Oil on board - Completed July 28, 2024

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INIZIO D'ESTATE 50x40cm, Oil on cradled wood panel Completed July 13, 2024

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OMBRE DELLA SERA 50x40cm, Oil on cradled wood panel - Completed June 16, 2024

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NEW ZEALAND SUNSET 80x60cm, Oil on canvas board - Completed May 28, 2024

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VENICE 50x40cm, Oil on board - Completed May 4, 2024

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CORNWALL 50x40cm, Oil on board - Completed April 26, 2024

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DOCKS ON SUNSET 40x19,5cm, Oil on board Completed March 14, 2024

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SOLITUDE 30x30cm, Oil on cradled wood panel - Completed March 2, 2024

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LULLING WAVES 40x30cm, Oil on cradled wood panel - Completed January 14, 2024

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MULATTIERA IN AUTUNNO 30x30cm, Oil on cradled wood panel - Completed November 23, 2023

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TRAMONTO A KOS 40x40cm, oil on board canvas - Completed November 7, 2023

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HIDDEN SMILE 40x40cm, oil on board - Completed September 28, 2023

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INIZIO D'AUTUNNO 40x40cm, oil on canvas - Completed September 23, 2023

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BOE NEL LAGO 30x30cm, oil on canvas board - Completed August 15, 2023

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BARCHE A RIPOSO 40x40cm, oil on canvas board - Completed July 25, 2023

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IL RISVEGLIO 30x40cm, oil on canvas board - Completed July 18, 2023

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LA QUIETE PRIMA DELLA TEMPESTA 30x40cm, oil on canvas board - Completed March 30, 2023

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LAMPIONE SUL LAGO 30x30cm, oil on canvas board - Completed March 05, 2023

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DUE NELLA NEVE 60x25cm, oil on board - Completed February 4, 2023

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UNA CAREZZA 30x30cm, oil on canvas board - Completed January 17, 2023

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REBEL WAVES 44x32cm, oil on canvas board

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THE SCREAMING WAVE 40x30cm, oil on canvas board

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"LA DONZELLETTA VIEN DALLA CAMPAGNA..." 30x40cm, oil on canvas board

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LIGHTHOUSE ON WHITE CLIFF 30x40cm, oil on canvas board

@ d9e9fb27:d5fe5e1a

"There are two pillars in Costa Rica, education and coffee." A tourist guide I met told me this, and during the trip I discovered the strong link between coffee and the locals.

In fact, coffee runs very deeply in the Ticos' culture. So deep that the summer vacations from school (November to January) coincide with the coffee collection season. Children had to help their parents with the coffee. Coffee was a family business.

Monteverde, in the region of Puentarenas, is one of those places where coffee ha always been a corner stone of the society. Here, My gf and I went to visit a coffee plantation and discovered how coffee is made.

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Monteverde

Monteverde is a well-known turistic location in the central part of Costa Rica. Many people reach this beautiful place to visit the famous Cloud Rainforest, acres and acres of pristine forest, with many different kind of animals and plants living in it.

However, other than tourism is coffee that pushes the economy of this place. The hills around the town are covered with coffee plantations and there are tours than try to explain how coffee is made.

Coffee Tours

While we were in Monteverde, we joined one of these tours. We decided to give credit to a smaller plantation instead of the super turistic ones. A more rustic and family-owned business, El Pueblo Coffee Tour. We were not disappointed. We had the show all to ourselves, a super-prepared guide and all the time to make questions and enjoy with no rush.

The Plant of Coffee

Since Costa Rica is a quite small country, to compete on the market producers decided to bet on quality instead of quantity. That's why, the only type produced here is the Arabica.

Before the coffee bean, the plant produces a nice white flower, similar to the jasmine.

After a while, the coffee beans appear.

As soon as they turn red, they are ready to be collected.

Interesting fact: between the coffee plants many fruit trees like mangos or bananos can be found. In fact, those plants help keep the soil fertile and healthy, thus leading to a higher coffee quality!

Coffee Harvesting

Coffee is still harvested by hand. Beans do not get mature at the same time, so manual labor is needed. Laborer use a very simple tool to collect coffee, one which allow them to have both hands free.

Workers do not get paid by hours, but by the number of cajuelas that they can fill. A cajuela is a standard box, which contains around 13kg of beans. It's divided into quarters, so that the worker can get paid for the quarter, too.

Each cajuela is paid around 3.50$.

Coffee Drying

In the farm we visited, drying was perfomed naturally, through the heat of the sun. There are three ways in which the bean is left to dry: lavado, miel and naturàl.

• Lavado: The beans are peeled and washed to remove the jelly.

- Miel: The jelly on the beans is maintained to give it more sweet flavour.

- Naturàl: The bean is left to dry with its peel on, to give it a more fruity taste.

Back in the days, to peel the beans for the lavado and the miel variety, the pìlon was used. The bean is very hard, thus this tool does not damage it.

However, today the peeling procedure is done using a machine.

Coffee Roasting

The last step in the production of coffee is roasting. Coffee is put inside a sort of hoven, and is left there at high temperature according to the level of roasting that is needed. The more roasting, the less caffeine there is and the more bitter the coffee. Usually you have light, medium and dark roast.

Coffee Tasting

In the end, we also had a coffee tasting. We tried different roasting and different varieties.

Our guide explained us the best way to taste coffee and helped us defining the different flavours that we perceived. He also taught us the best way to prepare it: infusion time, water temperature, coffe makers and so on.

My favorite one was the dark one, while my gf enjoyed the light roast more. Of course, we bought some packs of these varieties!

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Thanks for tuning in!

I hope you enjoyed this brief overview of the Costa Rican coffee.

Pura Vida

Tuma

@ c1e9ab3a:9cb56b43

Introduction: The Power of Fiction and the Shaping of Collective Morality

Stories define the moral landscape of a civilization. From the earliest mythologies to the modern spectacle of global cinema, the tales a society tells its youth shape the parameters of acceptable behavior, the cost of transgression, and the meaning of justice, power, and redemption. Among the most globally influential narratives of the past half-century is the Star Wars saga, a sprawling science fiction mythology that has transcended genre to become a cultural religion for many. Central to this mythos is the arc of Anakin Skywalker, the fallen Jedi Knight who becomes Darth Vader. In Star Wars: Episode III – Revenge of the Sith, Anakin commits what is arguably the most morally abhorrent act depicted in mainstream popular cinema: the mass murder of children. And yet, by the end of the saga, he is redeemed.

This chapter introduces the uninitiated to the events surrounding this narrative turn and explores the deep structural and ethical concerns it raises. We argue that the cultural treatment of Darth Vader as an anti-hero, even a role model, reveals a deep perversion in the collective moral grammar of the modern West. In doing so, we consider the implications this mythology may have on young adults navigating identity, masculinity, and agency in a world increasingly shaped by spectacle and symbolic narrative.

Part I: The Scene and Its Context

In Revenge of the Sith (2005), the third episode of the Star Wars prequel trilogy, the protagonist Anakin Skywalker succumbs to fear, ambition, and manipulation. Convinced that the Jedi Council is plotting against the Republic and desperate to save his pregnant wife from a vision of death, Anakin pledges allegiance to Chancellor Palpatine, secretly the Sith Lord Darth Sidious. Upon doing so, he is given a new name—Darth Vader—and tasked with a critical mission: to eliminate all Jedi in the temple, including its youngest members.

In one of the most harrowing scenes in the film, Anakin enters the Jedi Temple. A group of young children, known as "younglings," emerge from hiding and plead for help. One steps forward, calling him "Master Skywalker," and asks what they are to do. Anakin responds by igniting his lightsaber. The screen cuts away, but the implication is unambiguous. Later, it is confirmed through dialogue and visual allusion that he slaughtered them all.

There is no ambiguity in the storytelling. The man who will become the galaxy’s most feared enforcer begins his descent by murdering defenseless children.

Part II: A New Kind of Evil in Youth-Oriented Media

For decades, cinema avoided certain taboos. Even films depicting war, genocide, or psychological horror rarely crossed the line into showing children as victims of deliberate violence by the protagonist. When children were harmed, it was by monstrous antagonists, supernatural forces, or offscreen implications. The killing of children was culturally reserved for historical atrocities and horror tales.

In Revenge of the Sith, this boundary was broken. While the film does not show the violence explicitly, the implication is so clear and so central to the character arc that its omission from visual depiction does not blunt the narrative weight. What makes this scene especially jarring is the tonal dissonance between the gravity of the act and the broader cultural treatment of Star Wars as a family-friendly saga. The juxtaposition of child-targeted marketing with a central plot involving child murder is not accidental—it reflects a deeper narrative and commercial structure.

This scene was not a deviation from the arc. It was the intended turning point.

Part III: Masculinity, Militarism, and the Appeal of the Anti-Hero

Darth Vader has long been idolized as a masculine icon. His towering presence, emotionless control, and mechanical voice exude power and discipline. Military institutions have quoted him. He is celebrated in memes, posters, and merchandise. Within the cultural imagination, he embodies dominance, command, and strategic ruthlessness.

For many young men, particularly those struggling with identity, agency, and perceived weakness, Vader becomes more than a character. He becomes an archetype: the man who reclaims power by embracing discipline, forsaking emotion, and exacting vengeance against those who betrayed him. The emotional pain that leads to his fall mirrors the experiences of isolation and perceived emasculation that many young men internalize in a fractured society.

The symbolism becomes dangerous. Anakin's descent into mass murder is portrayed not as the outcome of unchecked cruelty, but as a tragic mistake rooted in love and desperation. The implication is that under enough pressure, even the most horrific act can be framed as a step toward a noble end.

Part IV: Redemption as Narrative Alchemy

By the end of the original trilogy (Return of the Jedi, 1983), Darth Vader kills the Emperor to save his son Luke and dies shortly thereafter. Luke mourns him, honors him, and burns his body in reverence. In the final scene, Vader's ghost appears alongside Obi-Wan Kenobi and Yoda—the very men who once considered him the greatest betrayal of their order. He is welcomed back.

There is no reckoning. No mention of the younglings. No memorial to the dead. No consequence beyond his own internal torment.

This model of redemption is not uncommon in Western storytelling. In Christian doctrine, the concept of grace allows for any sin to be forgiven if the sinner repents sincerely. But in the context of secular mass culture, such redemption without justice becomes deeply troubling. The cultural message is clear: even the worst crimes can be erased if one makes a grand enough gesture at the end. It is the erasure of moral debt by narrative fiat.

The implication is not only that evil can be undone by good, but that power and legacy matter more than the victims. Vader is not just forgiven—he is exalted.

Part V: Real-World Reflections and Dangerous Scripts

In recent decades, the rise of mass violence in schools and public places has revealed a disturbing pattern: young men who feel alienated, betrayed, or powerless adopt mythic narratives of vengeance and transformation. They often see themselves as tragic figures forced into violence by a cruel world. Some explicitly reference pop culture, quoting films, invoking fictional characters, or modeling their identities after cinematic anti-heroes.

It would be reductive to claim Star Wars causes such events. But it is equally naive to believe that such narratives play no role in shaping the symbolic frameworks through which vulnerable individuals understand their lives. The story of Anakin Skywalker offers a dangerous script:

• You are betrayed.
• You suffer.
• You kill.
• You become powerful.
• You are redeemed.

When combined with militarized masculinity, institutional failure, and cultural nihilism, this script can validate the darkest impulses. It becomes a myth of sacrificial violence, with the perpetrator as misunderstood hero.

Part VI: Cultural Responsibility and Narrative Ethics

The problem is not that Star Wars tells a tragic story. Tragedy is essential to moral understanding. The problem is how the culture treats that story. Darth Vader is not treated as a warning, a cautionary tale, or a fallen angel. He is merchandised, celebrated, and decontextualized.

By separating his image from his actions, society rebrands him as a figure of cool dominance rather than ethical failure. The younglings are forgotten. The victims vanish. Only the redemption remains. The merchandise continues to sell.

Cultural institutions bear responsibility for how such narratives are presented and consumed. Filmmakers may intend nuance, but marketing departments, military institutions, and fan cultures often reduce that nuance to symbol and slogan.

Conclusion: Reckoning with the Stories We Tell

The story of Anakin Skywalker is not morally neutral. It is a tale of systemic failure, emotional collapse, and unchecked violence. When presented in full, it can serve as a powerful warning. But when reduced to aesthetic dominance and easy redemption, it becomes a tool of moral decay.

The glorification of Darth Vader as a cultural icon—divorced from the horrific acts that define his transformation—is not just misguided. It is dangerous. It trains a generation to believe that power erases guilt, that violence is a path to recognition, and that final acts of loyalty can overwrite the deliberate murder of the innocent.

To the uninitiated, Star Wars may seem like harmless fantasy. But its deepest myth—the redemption of the child-killer through familial love and posthumous honor—deserves scrutiny. Not because fiction causes violence, but because fiction defines the possibilities of how we understand evil, forgiveness, and what it means to be a hero.

We must ask: What kind of redemption erases the cries of murdered children? And what kind of culture finds peace in that forgetting?

@ 472f440f:5669301e

Marty's Bent

It's been a pretty historic week for the United States as it pertains to geopolitical relations in the Middle East. President Trump and many members of his administration, including AI and Crypto Czar David Sacks and Treasury Secretary Scott Bessent, traveled across the Middle East making deals with countries like Qatar, Saudi Arabia, the United Arab Emirates, Syria, and others. Many are speculating that Iran may be included in some behind the scenes deal as well. This trip to the Middle East makes sense considering the fact that China is also vying for favorable relationships with those countries. The Middle East is a power player in the world, and it seems pretty clear that Donald Trump is dead set on ensuring that they choose the United States over China as the world moves towards a more multi-polar reality.

Many are calling the events of this week the Riyadh Accords. There were many deals that were struck in relation to artificial intelligence, defense, energy and direct investments in the United States. A truly prolific power play and demonstration of deal-making ability of Donald Trump, if you ask me. Though I will admit some of the numbers that were thrown out by some of the countries were a bit egregious. We shall see how everything plays out in the coming years. It will be interesting to see how China reacts to this power move by the United States.

While all this was going on, there was something happening back in the United States that many people outside of fringe corners of FinTwit are not talking about, which is the fact that the 10-year and 30-year U.S. Treasury bond yields are back on the rise. Yesterday, they surpassed the levels of mid-April that caused a market panic and are hovering back around levels that have not been seen since right before Donald Trump's inauguration.

I imagine that there isn't as much of an uproar right now because I'm pretty confident the media freakouts we were experiencing in mid-April were driven by the fact that many large hedge funds found themselves off sides of large levered basis trades. I wouldn't be surprised if those funds have decreased their leverage in those trades and bond yields being back to mid-April levels is not affecting those funds as much as they were last month. But the point stands, the 10-year and 30-year yields are significantly elevated with the 30-year approaching 5%. Regardless of the deals that are currently being made in the Middle East, the Treasury has a big problem on its hands. It still has to roll over many trillions worth of debt over over the next few years and doing so at these rates is going to be massively detrimental to fiscal deficits over the next decade. The interest expense on the debt is set to explode in the coming years.

On that note, data from the first quarter of 2025 has been released by the government and despite all the posturing by the Trump administration around DOGE and how tariffs are going to be beneficial for the U.S. economy, deficits are continuing to explode while the interest expense on the debt has definitively surpassed our annual defense budget.

via Charlie Bilello

via Mohamed Al-Erian

To make matters worse, as things are deteriorating on the fiscal side of things, the U.S. consumer is getting crushed by credit. The 90-plus day delinquency rates for credit card and auto loans are screaming higher right now.

via TXMC

One has to wonder how long all this can continue without some sort of liquidity crunch. Even though equities markets have recovered from their post-Liberation Day month long bear market, I would not be surprised if what we're witnessing is a dead cat bounce that can only be continued if the money printers are turned back on. Something's got to give, both on the fiscal side and in the private markets where the Common Man is getting crushed because he's been forced to take on insane amounts of debt to stay afloat after years of elevated levels of inflation. Add on the fact that AI has reached a state of maturity that will enable companies to replace their current meat suit workers with an army of cheap, efficient and fast digital workers and it isn't hard to see that some sort of employment crisis could be on the horizon as well.

Now is not the time to get complacent. While I do believe that the deals that are currently being made in the Middle East are probably in the best interest of the United States as the world, again, moves toward a more multi-polar reality, we are facing problems that one cannot simply wish away. They will need to be confronted. And as we've seen throughout the 21st century, the problems are usually met head-on with a money printer.

I take no pleasure in saying this because it is a bit uncouth to be gleeful to benefit from the strife of others, but it is pretty clear to me that all signs are pointing to bitcoin benefiting massively from everything that is going on. The shift towards a more multi-polar world, the runaway debt situation here in the United States, the increasing deficits, the AI job replacements and the consumer credit crisis that is currently unfolding, All will need to be "solved" by turning on the money printers to levels they've never been pushed to before.

Weird times we're living in.

China's Manufacturing Dominance: Why It Matters for the U.S.

In my recent conversation with Lyn Alden, she highlighted how China has rapidly ascended the manufacturing value chain. As Lyn pointed out, China transformed from making "sneakers and plastic trinkets" to becoming the world's largest auto exporter in just four years. This dramatic shift represents more than economic success—it's a strategic power play. China now dominates solar panel production with greater market control than OPEC has over oil and maintains near-monopoly control of rare earth elements crucial for modern technology.

"China makes like 10 times more steel than the United States does... which is relevant in ship making. It's relevant in all sorts of stuff." - Lyn Alden

Perhaps most concerning, as Lyn emphasized, is China's financial leverage. They hold substantial U.S. assets that could be strategically sold to disrupt U.S. treasury market functioning. This combination of manufacturing dominance, resource control, and financial leverage gives China significant negotiating power in any trade disputes, making our attempts to reshoring manufacturing all the more challenging.

Check out the full podcast here for more on Triffin's dilemma, Bitcoin's role in monetary transition, and the energy requirements for rebuilding America's industrial base.

Headlines of the Day

Financial Times Under Fire Over MicroStrategy Bitcoin Coverage - via X

Trump in Qatar: Historic Boeing Deal Signed - via X

Get our new STACK SATS hat - via tftcmerch.io

Johnson Backs Stock Trading Ban; Passage Chances Slim - via X

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Final thought...

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@ 266815e0:6cd408a5

Its been a little over a year since NIP-90 was written and merged into the nips repo and its been a communication mess.

Every DVM implementation expects the inputs in slightly different formats, returns the results in mostly the same format and there are very few DVM actually running.

NIP-90 is overloaded

Why does a request for text translation and creating bitcoin OP_RETURNs share the same input i tag? and why is there an output tag on requests when only one of them will return an output?

Each DVM request kind is for requesting completely different types of compute with diffrent input and output requirements, but they are all using the same spec that has 4 different types of inputs (text, url, event, job) and an undefined number of output types.

Let me show a few random DVM requests and responses I found on wss://relay.damus.io to demonstrate what I mean:

This is a request to translate an event to English json { "kind": 5002, "content": "", "tags": [ // NIP-90 says there can be multiple inputs, so how would a DVM handle translatting multiple events at once? [ "i", "<event-id>", "event" ], [ "param", "language", "en" ], // What other type of output would text translations be? image/jpeg? [ "output", "text/plain" ], // Do we really need to define relays? cant the DVM respond on the relays it saw the request on? [ "relays", "wss://relay.unknown.cloud/", "wss://nos.lol/" ] ] }

This is a request to generate text using an LLM model json { "kind": 5050, // Why is the content empty? wouldn't it be better to have the prompt in the content? "content": "", "tags": [ // Why use an indexable tag? are we ever going to lookup prompts? // Also the type "prompt" isn't in NIP-90, this should probably be "text" [ "i", "What is the capital of France?", "prompt" ], [ "p", "c4878054cff877f694f5abecf18c7450f4b6fdf59e3e9cb3e6505a93c4577db2" ], [ "relays", "wss://relay.primal.net" ] ] }

This is a request for content recommendation json { "kind": 5300, "content": "", "tags": [ // Its fine ignoring this param, but what if the client actually needs exactly 200 "results" [ "param", "max_results", "200" ], // The spec never mentions requesting content for other users. // If a DVM didn't understand this and responded to this request it would provide bad data [ "param", "user", "b22b06b051fd5232966a9344a634d956c3dc33a7f5ecdcad9ed11ddc4120a7f2" ], [ "relays", "wss://relay.primal.net", ], [ "p", "ceb7e7d688e8a704794d5662acb6f18c2455df7481833dd6c384b65252455a95" ] ] }

This is a request to create a OP_RETURN message on bitcoin json { "kind": 5901, // Again why is the content empty when we are sending human readable text? "content": "", "tags": [ // and again, using an indexable tag on an input that will never need to be looked up ["i", "09/01/24 SEC Chairman on the brink of second ETF approval", "text"] ] }

My point isn't that these event schema's aren't understandable but why are they using the same schema? each use-case is different but are they all required to use the same i tag format as input and could support all 4 types of inputs.

Lack of libraries

With all these different types of inputs, params, and outputs its verify difficult if not impossible to build libraries for DVMs

If a simple text translation request can have an event or text as inputs, a payment-required status at any point in the flow, partial results, or responses from 10+ DVMs whats the best way to build a translation library for other nostr clients to use?

And how do I build a DVM framework for the server side that can handle multiple inputs of all four types (url, text, event, job) and clients are sending all the requests in slightly differently.

Supporting payments is impossible

The way NIP-90 is written there isn't much details about payments. only a payment-required status and a generic amount tag

But the way things are now every DVM is implementing payments differently. some send a bolt11 invoice, some expect the client to NIP-57 zap the request event (or maybe the status event), and some even ask for a subscription. and we haven't even started implementing NIP-61 nut zaps or cashu A few are even formatting the amount number wrong or denominating it in sats and not mili-sats

Building a client or a library that can understand and handle all of these payment methods is very difficult. for the DVM server side its worse. A DVM server presumably needs to support all 4+ types of payments if they want to get the most sats for their services and support the most clients.

All of this is made even more complicated by the fact that a DVM can ask for payment at any point during the job process. this makes sense for some types of compute, but for others like translations or user recommendation / search it just makes things even more complicated.

For example, If a client wanted to implement a timeline page that showed the notes of all the pubkeys on a recommended list. what would they do when the selected DVM asks for payment at the start of the job? or at the end? or worse, only provides half the pubkeys and asks for payment for the other half. building a UI that could handle even just two of these possibilities is complicated.

NIP-89 is being abused

NIP-89 is "Recommended Application Handlers" and the way its describe in the nips repo is

a way to discover applications that can handle unknown event-kinds

Not "a way to discover everything"

If I wanted to build an application discovery app to show all the apps that your contacts use and let you discover new apps then it would have to filter out ALL the DVM advertisement events. and that's not just for making requests from relays

If the app shows the user their list of "recommended applications" then it either has to understand that everything in the 5xxx kind range is a DVM and to show that is its own category or show a bunch of unknown "favorites" in the list which might be confusing for the user.

In conclusion

My point in writing this article isn't that the DVMs implementations so far don't work, but that they will never work well because the spec is too broad. even with only a few DVMs running we have already lost interoperability.

I don't want to be completely negative though because some things have worked. the "DVM feeds" work, although they are limited to a single page of results. text / event translations also work well and kind 5970 Event PoW delegation could be cool. but if we want interoperability, we are going to need to change a few things with NIP-90

I don't think we can (or should) abandon NIP-90 entirely but it would be good to break it up into small NIPs or specs. break each "kind" of DVM request out into its own spec with its own definitions for expected inputs, outputs and flow.

Then if we have simple, clean definitions for each kind of compute we want to distribute. we might actually see markets and services being built and used.

@ 91bea5cd:1df4451c

Básico

bash lsblk # Lista todos os diretorios montados.

Para criar o sistema de arquivos:

bash mkfs.btrfs -L "ThePool" -f /dev/sdx

Criando um subvolume:

bash btrfs subvolume create SubVol

Montando Sistema de Arquivos:

bash mount -o compress=zlib,subvol=SubVol,autodefrag /dev/sdx /mnt

Lista os discos formatados no diretório:

bash btrfs filesystem show /mnt

Adiciona novo disco ao subvolume:

bash btrfs device add -f /dev/sdy /mnt

Lista novamente os discos do subvolume:

bash btrfs filesystem show /mnt

Exibe uso dos discos do subvolume:

bash btrfs filesystem df /mnt

Balancea os dados entre os discos sobre raid1:

bash btrfs filesystem balance start -dconvert=raid1 -mconvert=raid1 /mnt

Scrub é uma passagem por todos os dados e metadados do sistema de arquivos e verifica as somas de verificação. Se uma cópia válida estiver disponível (perfis de grupo de blocos replicados), a danificada será reparada. Todas as cópias dos perfis replicados são validadas.

iniciar o processo de depuração :

bash btrfs scrub start /mnt

ver o status do processo de depuração Btrfs em execução:

bash btrfs scrub status /mnt

ver o status do scrub Btrfs para cada um dos dispositivos

bash btrfs scrub status -d / data btrfs scrub cancel / data

Para retomar o processo de depuração do Btrfs que você cancelou ou pausou:

btrfs scrub resume / data

Listando os subvolumes:

bash btrfs subvolume list /Reports

Criando um instantâneo dos subvolumes:

Aqui, estamos criando um instantâneo de leitura e gravação chamado snap de marketing do subvolume de marketing.

bash btrfs subvolume snapshot /Reports/marketing /Reports/marketing-snap

Além disso, você pode criar um instantâneo somente leitura usando o sinalizador -r conforme mostrado. O marketing-rosnap é um instantâneo somente leitura do subvolume de marketing

bash btrfs subvolume snapshot -r /Reports/marketing /Reports/marketing-rosnap

Forçar a sincronização do sistema de arquivos usando o utilitário 'sync'

Para forçar a sincronização do sistema de arquivos, invoque a opção de sincronização conforme mostrado. Observe que o sistema de arquivos já deve estar montado para que o processo de sincronização continue com sucesso.

bash btrfs filsystem sync /Reports

Para excluir o dispositivo do sistema de arquivos, use o comando device delete conforme mostrado.

bash btrfs device delete /dev/sdc /Reports

Para sondar o status de um scrub, use o comando scrub status com a opção -dR .

bash btrfs scrub status -dR / Relatórios

Para cancelar a execução do scrub, use o comando scrub cancel .

bash $ sudo btrfs scrub cancel / Reports

Para retomar ou continuar com uma depuração interrompida anteriormente, execute o comando de cancelamento de depuração

bash sudo btrfs scrub resume /Reports

mostra o uso do dispositivo de armazenamento:

btrfs filesystem usage /data

Para distribuir os dados, metadados e dados do sistema em todos os dispositivos de armazenamento do RAID (incluindo o dispositivo de armazenamento recém-adicionado) montados no diretório /data , execute o seguinte comando:

sudo btrfs balance start --full-balance /data

Pode demorar um pouco para espalhar os dados, metadados e dados do sistema em todos os dispositivos de armazenamento do RAID se ele contiver muitos dados.

Opções importantes de montagem Btrfs

Nesta seção, vou explicar algumas das importantes opções de montagem do Btrfs. Então vamos começar.

As opções de montagem Btrfs mais importantes são:

**1. acl e noacl

**ACL gerencia permissões de usuários e grupos para os arquivos/diretórios do sistema de arquivos Btrfs.

A opção de montagem acl Btrfs habilita ACL. Para desabilitar a ACL, você pode usar a opção de montagem noacl .

Por padrão, a ACL está habilitada. Portanto, o sistema de arquivos Btrfs usa a opção de montagem acl por padrão.

**2. autodefrag e noautodefrag

**Desfragmentar um sistema de arquivos Btrfs melhorará o desempenho do sistema de arquivos reduzindo a fragmentação de dados.

A opção de montagem autodefrag permite a desfragmentação automática do sistema de arquivos Btrfs.

A opção de montagem noautodefrag desativa a desfragmentação automática do sistema de arquivos Btrfs.

Por padrão, a desfragmentação automática está desabilitada. Portanto, o sistema de arquivos Btrfs usa a opção de montagem noautodefrag por padrão.

**3. compactar e compactar-forçar

**Controla a compactação de dados no nível do sistema de arquivos do sistema de arquivos Btrfs.

A opção compactar compacta apenas os arquivos que valem a pena compactar (se compactar o arquivo economizar espaço em disco).

A opção compress-force compacta todos os arquivos do sistema de arquivos Btrfs, mesmo que a compactação do arquivo aumente seu tamanho.

O sistema de arquivos Btrfs suporta muitos algoritmos de compactação e cada um dos algoritmos de compactação possui diferentes níveis de compactação.

Os algoritmos de compactação suportados pelo Btrfs são: lzo , zlib (nível 1 a 9) e zstd (nível 1 a 15).

Você pode especificar qual algoritmo de compactação usar para o sistema de arquivos Btrfs com uma das seguintes opções de montagem:

• compress=algoritmo:nível
• compress-force=algoritmo:nível

Para obter mais informações, consulte meu artigo Como habilitar a compactação do sistema de arquivos Btrfs .

**4. subvol e subvolid

**Estas opções de montagem são usadas para montar separadamente um subvolume específico de um sistema de arquivos Btrfs.

A opção de montagem subvol é usada para montar o subvolume de um sistema de arquivos Btrfs usando seu caminho relativo.

A opção de montagem subvolid é usada para montar o subvolume de um sistema de arquivos Btrfs usando o ID do subvolume.

Para obter mais informações, consulte meu artigo Como criar e montar subvolumes Btrfs .

**5. dispositivo

A opção de montagem de dispositivo** é usada no sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs.

Em alguns casos, o sistema operacional pode falhar ao detectar os dispositivos de armazenamento usados em um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs. Nesses casos, você pode usar a opção de montagem do dispositivo para especificar os dispositivos que deseja usar para o sistema de arquivos de vários dispositivos Btrfs ou RAID.

Você pode usar a opção de montagem de dispositivo várias vezes para carregar diferentes dispositivos de armazenamento para o sistema de arquivos de vários dispositivos Btrfs ou RAID.

Você pode usar o nome do dispositivo (ou seja, sdb , sdc ) ou UUID , UUID_SUB ou PARTUUID do dispositivo de armazenamento com a opção de montagem do dispositivo para identificar o dispositivo de armazenamento.

Por exemplo,

• dispositivo=/dev/sdb
• dispositivo=/dev/sdb,dispositivo=/dev/sdc
• dispositivo=UUID_SUB=490a263d-eb9a-4558-931e-998d4d080c5d
• device=UUID_SUB=490a263d-eb9a-4558-931e-998d4d080c5d,device=UUID_SUB=f7ce4875-0874-436a-b47d-3edef66d3424

**6. degraded

A opção de montagem degradada** permite que um RAID Btrfs seja montado com menos dispositivos de armazenamento do que o perfil RAID requer.

Por exemplo, o perfil raid1 requer a presença de 2 dispositivos de armazenamento. Se um dos dispositivos de armazenamento não estiver disponível em qualquer caso, você usa a opção de montagem degradada para montar o RAID mesmo que 1 de 2 dispositivos de armazenamento esteja disponível.

**7. commit

A opção commit** mount é usada para definir o intervalo (em segundos) dentro do qual os dados serão gravados no dispositivo de armazenamento.

O padrão é definido como 30 segundos.

Para definir o intervalo de confirmação para 15 segundos, você pode usar a opção de montagem commit=15 (digamos).

**8. ssd e nossd

A opção de montagem ssd** informa ao sistema de arquivos Btrfs que o sistema de arquivos está usando um dispositivo de armazenamento SSD, e o sistema de arquivos Btrfs faz a otimização SSD necessária.

A opção de montagem nossd desativa a otimização do SSD.

O sistema de arquivos Btrfs detecta automaticamente se um SSD é usado para o sistema de arquivos Btrfs. Se um SSD for usado, a opção de montagem de SSD será habilitada. Caso contrário, a opção de montagem nossd é habilitada.

**9. ssd_spread e nossd_spread

A opção de montagem ssd_spread** tenta alocar grandes blocos contínuos de espaço não utilizado do SSD. Esse recurso melhora o desempenho de SSDs de baixo custo (baratos).

A opção de montagem nossd_spread desativa o recurso ssd_spread .

O sistema de arquivos Btrfs detecta automaticamente se um SSD é usado para o sistema de arquivos Btrfs. Se um SSD for usado, a opção de montagem ssd_spread será habilitada. Caso contrário, a opção de montagem nossd_spread é habilitada.

**10. descarte e nodiscard

Se você estiver usando um SSD que suporte TRIM enfileirado assíncrono (SATA rev3.1), a opção de montagem de descarte** permitirá o descarte de blocos de arquivos liberados. Isso melhorará o desempenho do SSD.

Se o SSD não suportar TRIM enfileirado assíncrono, a opção de montagem de descarte prejudicará o desempenho do SSD. Nesse caso, a opção de montagem nodiscard deve ser usada.

Por padrão, a opção de montagem nodiscard é usada.

**11. norecovery

Se a opção de montagem norecovery** for usada, o sistema de arquivos Btrfs não tentará executar a operação de recuperação de dados no momento da montagem.

**12. usebackuproot e nousebackuproot

Se a opção de montagem usebackuproot for usada, o sistema de arquivos Btrfs tentará recuperar qualquer raiz de árvore ruim/corrompida no momento da montagem. O sistema de arquivos Btrfs pode armazenar várias raízes de árvore no sistema de arquivos. A opção de montagem usebackuproot** procurará uma boa raiz de árvore e usará a primeira boa que encontrar.

A opção de montagem nousebackuproot não verificará ou recuperará raízes de árvore inválidas/corrompidas no momento da montagem. Este é o comportamento padrão do sistema de arquivos Btrfs.

**13. space_cache, space_cache=version, nospace_cache e clear_cache

A opção de montagem space_cache** é usada para controlar o cache de espaço livre. O cache de espaço livre é usado para melhorar o desempenho da leitura do espaço livre do grupo de blocos do sistema de arquivos Btrfs na memória (RAM).

O sistema de arquivos Btrfs suporta 2 versões do cache de espaço livre: v1 (padrão) e v2

O mecanismo de cache de espaço livre v2 melhora o desempenho de sistemas de arquivos grandes (tamanho de vários terabytes).

Você pode usar a opção de montagem space_cache=v1 para definir a v1 do cache de espaço livre e a opção de montagem space_cache=v2 para definir a v2 do cache de espaço livre.

A opção de montagem clear_cache é usada para limpar o cache de espaço livre.

Quando o cache de espaço livre v2 é criado, o cache deve ser limpo para criar um cache de espaço livre v1 .

Portanto, para usar o cache de espaço livre v1 após a criação do cache de espaço livre v2 , as opções de montagem clear_cache e space_cache=v1 devem ser combinadas: clear_cache,space_cache=v1

A opção de montagem nospace_cache é usada para desabilitar o cache de espaço livre.

Para desabilitar o cache de espaço livre após a criação do cache v1 ou v2 , as opções de montagem nospace_cache e clear_cache devem ser combinadas: clear_cache,nosapce_cache

**14. skip_balance

Por padrão, a operação de balanceamento interrompida/pausada de um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs será retomada automaticamente assim que o sistema de arquivos Btrfs for montado. Para desabilitar a retomada automática da operação de equilíbrio interrompido/pausado em um sistema de arquivos Btrfs de vários dispositivos ou RAID Btrfs, você pode usar a opção de montagem skip_balance .**

**15. datacow e nodatacow

A opção datacow** mount habilita o recurso Copy-on-Write (CoW) do sistema de arquivos Btrfs. É o comportamento padrão.

Se você deseja desabilitar o recurso Copy-on-Write (CoW) do sistema de arquivos Btrfs para os arquivos recém-criados, monte o sistema de arquivos Btrfs com a opção de montagem nodatacow .

**16. datasum e nodatasum

A opção datasum** mount habilita a soma de verificação de dados para arquivos recém-criados do sistema de arquivos Btrfs. Este é o comportamento padrão.

Se você não quiser que o sistema de arquivos Btrfs faça a soma de verificação dos dados dos arquivos recém-criados, monte o sistema de arquivos Btrfs com a opção de montagem nodatasum .

Perfis Btrfs

Um perfil Btrfs é usado para informar ao sistema de arquivos Btrfs quantas cópias dos dados/metadados devem ser mantidas e quais níveis de RAID devem ser usados para os dados/metadados. O sistema de arquivos Btrfs contém muitos perfis. Entendê-los o ajudará a configurar um RAID Btrfs da maneira que você deseja.

Os perfis Btrfs disponíveis são os seguintes:

single : Se o perfil único for usado para os dados/metadados, apenas uma cópia dos dados/metadados será armazenada no sistema de arquivos, mesmo se você adicionar vários dispositivos de armazenamento ao sistema de arquivos. Assim, 100% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser utilizado.

dup : Se o perfil dup for usado para os dados/metadados, cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos manterá duas cópias dos dados/metadados. Assim, 50% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser utilizado.

raid0 : No perfil raid0 , os dados/metadados serão divididos igualmente em todos os dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, não haverá dados/metadados redundantes (duplicados). Assim, 100% do espaço em disco de cada um dos dispositivos de armazenamento adicionados ao sistema de arquivos pode ser usado. Se, em qualquer caso, um dos dispositivos de armazenamento falhar, todo o sistema de arquivos será corrompido. Você precisará de pelo menos dois dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid0 .

raid1 : No perfil raid1 , duas cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a uma falha de unidade. Mas você pode usar apenas 50% do espaço total em disco. Você precisará de pelo menos dois dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1 .

raid1c3 : No perfil raid1c3 , três cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a duas falhas de unidade, mas você pode usar apenas 33% do espaço total em disco. Você precisará de pelo menos três dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1c3 .

raid1c4 : No perfil raid1c4 , quatro cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos. Nesta configuração, a matriz RAID pode sobreviver a três falhas de unidade, mas você pode usar apenas 25% do espaço total em disco. Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid1c4 .

raid10 : No perfil raid10 , duas cópias dos dados/metadados serão armazenadas nos dispositivos de armazenamento adicionados ao sistema de arquivos, como no perfil raid1 . Além disso, os dados/metadados serão divididos entre os dispositivos de armazenamento, como no perfil raid0 .

O perfil raid10 é um híbrido dos perfis raid1 e raid0 . Alguns dos dispositivos de armazenamento formam arrays raid1 e alguns desses arrays raid1 são usados para formar um array raid0 . Em uma configuração raid10 , o sistema de arquivos pode sobreviver a uma única falha de unidade em cada uma das matrizes raid1 .

Você pode usar 50% do espaço total em disco na configuração raid10 . Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid10 .

raid5 : No perfil raid5 , uma cópia dos dados/metadados será dividida entre os dispositivos de armazenamento. Uma única paridade será calculada e distribuída entre os dispositivos de armazenamento do array RAID.

Em uma configuração raid5 , o sistema de arquivos pode sobreviver a uma única falha de unidade. Se uma unidade falhar, você pode adicionar uma nova unidade ao sistema de arquivos e os dados perdidos serão calculados a partir da paridade distribuída das unidades em execução.

Você pode usar 1 00x(N-1)/N % do total de espaços em disco na configuração raid5 . Aqui, N é o número de dispositivos de armazenamento adicionados ao sistema de arquivos. Você precisará de pelo menos três dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid5 .

raid6 : No perfil raid6 , uma cópia dos dados/metadados será dividida entre os dispositivos de armazenamento. Duas paridades serão calculadas e distribuídas entre os dispositivos de armazenamento do array RAID.

Em uma configuração raid6 , o sistema de arquivos pode sobreviver a duas falhas de unidade ao mesmo tempo. Se uma unidade falhar, você poderá adicionar uma nova unidade ao sistema de arquivos e os dados perdidos serão calculados a partir das duas paridades distribuídas das unidades em execução.

Você pode usar 100x(N-2)/N % do espaço total em disco na configuração raid6 . Aqui, N é o número de dispositivos de armazenamento adicionados ao sistema de arquivos. Você precisará de pelo menos quatro dispositivos de armazenamento para configurar o sistema de arquivos Btrfs no perfil raid6 .

@ 0b118e40:4edc09cb

My week started off with a lovely message from a friend : “I often think about you. Especially during times when it requires me to be more resilient and have faith in myself. I always carry your note in the book you gave me, “what the dog saw” And it always gives me courage and I send a little prayer your way”.

This friend of mine was dealing with the undercurrent of discrimination in my alma mater when we first met, and I helped out. It's something anybody would have done, but surprisingly, nobody else showed up. We’ve stayed in touch over the years, and my friend went on to help a lot of other people along the way.

I don’t remember what I wrote in that note. It’s something I tend to do (write notes, give books, write notes in books). But the message boomeranged back to me at a time when I needed to hold the line. To keep the faith.

Most of us don’t talk about our struggles. And sometimes the smallest act, which could just be a kind word or a reminder of the person you are, can carry farther than we imagine.

On the act of giving

There’s a book called Give and Take by Adam Grant. I picked it up hoping to learn how to take, because it’s always been easier to give and harder to accept help. But what I learned was something else entirely.

Grant studied over 30,000 people across different companies and grouped them into three types: * Givers * Matchers * Takers

Based on his studies, givers often finish last... They struggle the most. They burn out. They get overlooked. They’re too trusting.

But oddly, they also rise to the very top.

Matchers are the scorekeepers, the “I’ll help you if you help me” kind. They make up most of the population. The fascinating thing about tit-for-tat is that if someone’s kind, they reciprocate. But if someone acts like a jerk, they return the energy, and over time, it becomes a pool of spoiled milk. Matchers are a lukewarm, forgettable kind of network.

Takers are the ones chasing attention, always aligning themselves with whoever looks powerful. They tend to float toward status and soak up what they can. But they often portray themselves as kind and giving.

One example Grant shared was Enron's Kenneth Lay, who was at the center of one of the biggest corporate scandals in U.S. history. He hung around wherever he’d get seen or validated. He funded both Bush and Clinton, hedging his bets on who might win by securing proximity. Sadly, when Enron crumbled, he died of a heart attack before his prison sentencing.

Most people steer clear from takers because they are just exhausting. And takers often collapse under the weight of their own games.

But takers aren’t the lowest performers. That spot belongs to a certain kind of giver—the self-neglecting kind. The ones with no boundaries, no clarity, and no self-awareness. They give in to avoid conflict, to feel worthy, or because they don’t know how to say no. And when life breaks them, they point fingers.

Then there’s the other kind of giver. The ones who build trust and build people up without asking for a receipt.

These givers: 1. Give without expectation, from a place of purpose 2. Build and uplift others without seeking credit 3. Set boundaries and walk away when giving turns into draining

This group of givers rarely talk much about what they do for others. But when you hear about it or see it, it stays with you. It makes you want to show up a little better.

Why open source environments feels like home

The more I thought about it, the more I saw how deeply open source reflects that kind of giving that ends up right at the top.

In open source, you don’t last if it’s just about ego. You can’t fake it. There are no titles, no awards. You either show up to build and help, or you don’t.

People who give without needing to be seen are the ones the community leans on. You can tell when someone’s pretending to care. It’s in their tone, their urgency and their sense of transaction. The genuine ones don’t need to brand themselves as generous. They just are.

Open source works because giving is the default setting. The work speaks volumes and generosity compounds. The system filters for people who show up with purpose and stay consistent.

It’s also why the ones who whine, posture, or manipulate rarely last. They might call themselves givers, but they’re not fooling anyone who’s actually doing the work.

Adam Grant found that for giver cultures to thrive, takers have to be removed. They need to be pruned. Because takers poison the well. They drain givers, shift the culture from contribution to calculation, and unravel the trust that holds open systems together.

When hope boomerangs

That note is something I don’t remember writing. But it found its way back to me, and it was a good reminder to take my own advice and keep the faith.

And maybe that’s the point.

You do a small thing. And years later, it circles back when it matters most. Not because you expected it. But because you mattered.

According to Grant, givers do best when they combine generosity with grit and strategy. They create networks built on goodwill, which eventually open doors others don’t even know exist.

So if you’re wondering where I’m going with this, do something genuinely kind for someone today. Even if it’s as simple as sending a kind note. Not for you to be seen or heard. And not for you to keep scores.

But, just because.

@ bc6ccd13:f53098e4

I recently listened to an episode of The Progressive Bitcoiner podcast featuring guest Scott Santens discussing the topic of universal basic income, or UBI. It was an excellent show, and I’d encourage everyone to check it out here. The hosts, Trey Walsh and Margot Paez, and their guest definitely don’t share my worldview, so it’s always interesting and challenging to hear a different perspective. I’m going to share a few salient points that stood out to me from the episode, and explain how I agree and disagree.

The concept of UBI has been around for a long time, but recently had a resurgence in popular exposure by presidential candidate Andrew Yang. The buzz died down since his campaign, but the topic is once again getting some airtime in relation to the potential labor market disruptions caused by AI. So I think it’s worth taking a look at the topic, since it will probably become a political issue again at some point.

Why Consider UBI?

When discussing a complex topic like this, I think it’s important to establish a foundational baseline of goal or purpose first. That provides an opportunity to really define a vision, and make sure that vision is fundamentally solid and valid. Otherwise it’s easy to blindly head down the path toward a destination we don’t actually want. I was a little disappointed this wasn’t discussed in more depth, but here’s what host Trey Walsh had to say on the topic of why we need UBI.

You know, we wanna assist people who need it. We wanna make sure that people have their basic needs met, especially in somewhere like the United States. People shouldn't be in poverty. There shouldn't be the homeless crisis that we're dealing with, all of these things. Right?

All that sounds well and good on the surface. Of course no one wants more poverty. That’s the quintessential strawman of collectivist politics, “I’m against poverty.” Well of course, so is every non-psychopath on the planet. The implication, of course, is that if you disagree with them in any way, you must be for poverty, and therefore a murderous and uncaring psychopath.

I reject that framing. Here’s why.

The world operates by cause and effect. Outcomes are the result of actions. People shouldn’t be in poverty, not in a perfect situation. People also shouldn’t be locked in a cage and have all their freedoms restricted. Yet we incarcerate people every day. People shouldn’t be killed. Yet we execute people regularly. And rational people are aware of and support these things, with of course disagreement on the details. Why? Because people take actions that have consequences, and sometimes those consequences can be as serious as socially enforced prison or even death.

But most consequences aren’t enforced by people in that way, they’re enforced by the laws of the universe itself. You touch the hot stove, you get burned. You jump into the deep end without knowing how to swim, you drown. You waste time being unproductive while spending too much, you fall into poverty.

So while nobody wants more poverty, the reality is that sometimes poverty is a result of choices made. You can argue how often it’s a justified consequence versus how often it’s an unfortunate outcome of tragic events outside someone’s control. But the thing is, UBI doesn’t differentiate. That’s the whole point. UBI attempts to solve the poverty “problem” by making it impossible for anyone to ever be in poverty.

This is the economic equivalent of solving the pain “problem” by injecting everyone with a dose of morphine every day. It fails to acknowledge that poverty and pain are not only problems, but often a warning that suboptimal actions were taken, and changes need to be made in the future to achieve desired outcomes. Sure, you could “solve” your pain with a shot of morphine. But it’s really just telling you to take your hand off the stove before your skin burns away, or get that nagging headache checked out to make sure it’s just allergies and not a brain tumor.

Same with poverty, it’s often just a reminder and motivator to get off the couch and do something useful, or put in more than 32 hours at work, or stop buying those cigarettes and lotto tickets when you have $10k in credit card debt and rent due tomorrow. Again, I’m not insinuating that every person in poverty makes those choices. But the idea behind UBI is that if they do, they shouldn’t feel the pain of consequences. I fundamentally disagree with that premise. I believe incentives strongly determine outcomes, and distorting natural incentives in a large-scale way like UBI does, is going to lead to some very undesirable outcomes.

Incentives

It’s not that Scott doesn’t understand incentives. He goes on to say this:

So when it comes to traditional welfare benefits, what usually happens is let's say you wanna make sure that only those in need get this assistance. So then you have some kind of test. You say, okay, if the poverty line is $12,000 per year, then we wanna make sure that we only get this assistance to those who are earning less than $12,000 a year. So that sounds like on its face, like, a good idea. Like, you just wanna make sure that it goes to people in need.

But there are a couple outcomes from that. One of them is actually something that conservatives tend to understand pretty well, which is that there's a disincentive effect from welfare. So if you only get something if you have an income under $12,000 per year, then you're essentially encouraged to keep your income below $12,000 a year in order to keep getting it.

This has been a common theme among UBI advocates. They promote UBI as a solution to the disincentive to productivity caused by traditional welfare, while denying that UBI is also a disincentive to productivity.

The typical argument is anecdotal, pointing to trials or experiences showing that UBI recipients are more likely to start a business or do something unpaid like volunteer work or additional school. But to me this isn’t a convincing argument. For one, starting a business is not an automatic net good. A lot of businesses fail. The alleged benefit of UBI is that it encourages more people to start a business in spite of the risk of failure, knowing that if it does fail they’ll still be able to survive off the UBI payment. The thing is, businesses fail because they don’t provide value. If they provide value as determined by the market, they’ll make a profit and succeed. The fact that they fail is just proof that more value was being consumed than produced, so the enterprise was a net detriment to society. So starting a business should carry significant real risk to entrepreneurs, because it carries the potential of wasting a lot of resources if it doesn’t serve a real demand in the market.

As Scott goes on to say:

Whereas with UBI, if you have a $1,000 per month at UBI and a job offers you a $1,000 per month, you've just doubled your income. And that's where the incentive comes from to work, which is also why if you look at all the pilots, all the evidence shows that work does not decrease significantly at all with basic income and actually often increases, like, with the entrepreneurship impacts. You see just a lot of people starting up their businesses. That's one of the main impacts is that even if people work less in wage labor, a lot of the impact goes to self employment and even doing something like unpaid care work or school where it makes an investment in future work or actually focusing on unpaid work that isn't recognized as work.

Again, this is just assuming that the self employment or unpaid work or school are automatically a net good. If those things aren’t bringing in enough income to justify without the UBI, what’s the basis for concluding that they’re a net benefit to society and something we want to incentivize? It all comes back to the central planning, collectivist mindset, the idea that my particular assessment of what is and isn’t valuable outweighs the opinion of every market actor as determined by what is and isn’t profitable. The fact that anecdotally some of the businesses started because of UBI are successful, doesn’t make the whole enterprise a net benefit. So to me, it’s an unconvincing argument overall.

If people are currently in poverty, of course excluding those who are actually unable to work, then the reality of poverty isn’t a strong enough incentive to change their production or consumption behavior enough to afford the basics of life. If affording basic necessities isn’t enough incentive, how will affording slightly nicer non-necessities be an incentive when UBI provides the necessities without requiring any effort at all? I’m skeptical.

Inflation

Scott lists three main objections to UBI.

So the the three primary, oppositional arguments to basic income are that people will stop working, that it will cause inflation, and that we can't afford it.

On inflation, he starts by arguing that inflation won’t be an issue because it hasn’t been in Alaska, and they have an annual dividend payment to each resident of $1-2,000 per year. Of course this is significantly less than the $1,000 or more per month he uses as a UBI example throughout the conversation. But putting that aside, his explanation for why Alaska hasn’t seen increased inflation directly contradicts his explanation for why the US as a whole has seen significant inflation recently.

And every year when the dividend sales go out, businesses actually drop their prices. They have, you know, dividend sales and they're all trying to compete over people to spend at their business instead of some other business. You know, it's just like with Christmas where you think, you know, everyone wants to spend money and you can think that, well, businesses should actually raise their prices because everyone has money to spend and they're willing to spend it now. No. They actually lower prices because of competition.

So one element of this, of course, is that competitive aspect. You know, competition does matter. And, if you raise your prices because people have more money, then your competitor could lower their prices or not raise their prices and then could actually put you out of business, because you decided to do that.

But then, talking about US inflation the past few years:

And what we didn't do, and one one of the reasons why we saw this inflation too was the result of not doing something like a windfall tax or, you know, excess inflation tax or excess profits tax. And that's the kind of tax that isn't about, you know, raising revenue. It's about just discouraging companies from seeking excess profits. You know, a bunch of what we saw with sellers inflation, which is that businesses in this environment of inflation due to lower supply and therefore costlier components, they raise their prices way beyond what they actually needed to do because why not? You know, if prices are going up anyways because they need to, might as well capture a much larger percentage of your profits by raising your prices even more. We could have discouraged that. We just didn't do that.

These types of contradictory arguments are frustrating to respond to. So which is it? Extra money doesn’t cause inflation in Alaska because businesses lower their prices to stay competitive, but when we see inflation in the US after massive stimulus payments it’s because businesses just raised their prices because why wouldn’t they? You can’t have it both ways. Either businesses respond to market incentives and charge as much as possible while still remaining competitive, or businesses just do whatever they want without regard to market incentives and the whole concept of economics is a fraud.

Earlier in the conversation Scott pointed out that UBI can increase demand for goods and services, but at the time he was using that as a potential benefit. He uses the example of a woman who used her UBI payment to start a baking business.

But the basic income meant that her entire village was full of customers, full of people that had money to actually buy her goods. And if she had gotten this in a vacuum where, you know, she just got a start up loan, would she have succeeded in a village full of people that couldn't buy her stuff? Well, arguably, she likely could have failed or at least she would have done a lot worse. But because everyone in the village had basic income too, then they were all able to buy her stuff and they loved her baked goods and that ended up leading to her income from her business being, I think it was 3 or 4 times the amount of the basic income.

Lower supply and higher demand both act to move prices up. So arguing that lower supply during the past few years was the main cause of higher prices, and UBI wouldn’t have the same effect, while simultaneously touting the increased demand as a benefit of UBI, doesn’t compute. You can’t use the effects of market forces to argue in favor of UBI, and then act like that effect doesn’t exist when you’re downplaying objections to UBI.

Overall, I remain unconvinced by the arguments made as to why UBI wouldn’t cause inflation.

Freedom and Homesteading

The podcast also touches on the empowerment UBI would provide in the job market.

But, you know, a lot what I find really fascinating about a lot of people who claim to be libertarians is that they overlook the authoritarian coercive aspect of the employer employee relationship. And it's really interesting because it's not just, you know, true freedom is not just freedom from coercion from your government. It ought to be freedom from coercion from all forms of oppression. Right? And in the job, in the workplace, and in the labor market, if you're going to be on an equal footing with the employer, you ought to have a way to say no and to exercise your right to escape that type of coercion from being forced to take a job or to take hours with wages that are not suitable for you. And what you're saying, Scott, to me, is like liberty maximization on the across the board, to create an even playing field within all all markets in a market system. You can't refuse domination without an empowered status, and that's what basic income provides.

This seems like a reasonable argument. My objection on this point would be that it once again assumes that market forces don’t work. Because in the labor market, you do have a way to say no to your employer. It’s very simple, you just quit that job and take a job elsewhere. If the pay being offered is less than the value of your work, you can offer your work to the market somewhere else and get what it’s actually worth. By definition. If you don’t think that’s true, you’re arguing that the market doesn’t work. That’s a different argument.

You could say the UBI provides the security to be able to quit your job and survive while finding a better job elsewhere. But if you’re really so undercompensated, you can easily find a better offer before quitting your current job. That’s the normal practice. And when it comes to worry about being fired, we already have generous unemployment compensation for precisely that reason. I don’t see what role UBI fills in increasing freedom in the marketplace, except to provide support and remove incentive for those who aren’t contributing sufficient value to be successful in the labor market.

UBI just shifts dependency from the incentives of the market to the choices of the state. Instead of depending on the compensation the market provides for your effort, you’re depending on the goodwill of the central planners to keep sending that check every month. Of course this provides a strong incentive to support the apparatus of the state, which is a huge unspoken benefit of UBI to those who favor increased centralized control over the economy by central planners at the state level.

Then there’s this point:

This actually leads into another libertarian argument is that we kind of remove the ability for people to live just like off the land, you know, doing their own kind of work. What we did is if you go back to, like, the enclosures, you know, you look at the common land, you know, even back in the day in the US, when everyone was, like, moving west, you could actually, with homestead grants, you could actually just claim land as yours, and it was just free. And you could actually just live off the land. That was an option. Now there is no such thing. Like, you can't just claim land as yours. It belongs to someone else.

And in this kind of situation, it's the owners of the land that have that power over you. They can say, no. You're like, if you work for me, then I will give you access to what the land provides. And is that freedom? No. Like, as soon as we enclosed the land and prevented people from actually sustaining themselves off of it with the fruit of their own, you know, enjoying the fruits of their own labor and making it so that it was the choice between the the non owners being dominated by the owners.

So the argument is that we need UBI now as a replacement for the ability to just get free land and homestead the American West. It would be amazing if there were a way to interview an 1800’s homesteader today and get their opinion on this theory. My guess is they’d laugh themselves sick. I have to conclude that people have no concept of what was involved in surviving as a homesteader, and what kind of lifestyle you could expect even if you managed to do it successfully.

Suffice to say that anyone who puts in the amount of effort today that it took to survive on a parcel of “free” land in the 1800’s, will be far wealthier than any UBI check could ever make them. Realistically, most of the people living in “poverty” today in the US have a lifestyle of ease and luxury an 1800’s homesteader couldn’t even imagine, much less achieve. It certainly wasn’t something you’d just decide to do as an easy way to get by between jobs, it was backbreaking physical labor from daylight to dark, and a lifestyle of the barest subsistence at best, and complete failure and the prospect of actual death if the weather didn’t cooperate or the grasshoppers or hail destroyed the wheat crop or the Indians attacked and destroyed your homestead or you cut your hand and got an infection or a million other things the modern “poor” never have to worry about.

Votes in the Market

The way that the markets are supposed to work and that we imagined were the reason that markets do work is that essentially, money acts as like a vote. And that, you know, if one business is doing something that you like, then you go there, you vote for that business with your dollars, and that business can continue to do business. And then a business that doesn't have any people voting for it, that goes out of business, and then a new business pops up, and then people get to vote. Do you like that business or don't you?

So that's the way that that markets work. But, of course, the kind of underlying mechanism is this vote, which is the dollar. And so we don't actually have a system where everybody can vote, but we have a system where some people can vote and they can vote, like, a lot. Like, they have, like, all kinds they have billions of ballots that they can use to vote. And, it's very disproportionate.

They go on to discuss how UBI would be beneficial by giving everyone some “votes” in the market, so the market could fill their demand.

The part that’s ignored is that these votes work both ways. In a free market, having a lot of money is a result of a lot of people “voting” to support the work and business you’re doing. Not having money is the result of people “voting” that what you’re doing isn’t valuable enough. You’re the same as the business that doesn’t have any people voting for it, which like he says, goes out of business and gets replaced by a business people are willing to support. So the UBI argument, once again, contradicts itself. How is giving free “votes” to people who haven’t provided value in the economy good, while allowing a business to fail or be forced to adapt because of a lack of market support is also good? They’re both a result of the same market forces. And if a business does a good job and gets a lot of “votes”, that’s going to result in the business owner becoming wealthy, and everything staying just as disproportionate as before. See how this is illogical? How is the market supposed to function by this “voting” system if the “votes” don’t actually mean anything because we continuously take the money away from the “vote” winners and redistribute it equally back to everyone through UBI?

One could argue that those who have a lot of money haven’t earned it by fulfilling market demands, but by corruption of the money system, regulatory capture, corporate/government collusion, etc. I completely agree, but that’s a problem of a lack of market forces, not a problem caused by market forces. The solution is to eliminate things that interfere with market forces, not to add even more market-distorting effects in the form of wealth redistribution through UBI.

Redistribution

In relation to a discussion about who should benefit from AI and tech advancements, Trey had this to say:

But, really quick with what Scott said, I think that is one of the things that I'm curious your thoughts on this. For someone to come to UBI, I think there might be one stipulation. And I think that stipulation would be what you just said, that we believe that we should live in a world where everyone is kind of a part of creating this world that has been throughout the variety of ways that are typically taken for granted. And everyone deserves a fair contribution of that, whatever that looks like. Because some people coming to the table or some folks in Bitcoin that I might disagree with on this point think, well, they didn't do x y z, so they don't deserve x y z. Right? And I can quote Marx, and they'll dismiss me and and all of this stuff. Right?

So I think that might be one condition to being open to this conversation is do we want or do we believe we should live in a world where that sort of system exists, whether you call it redistribution of some kind or whatever. I almost view it as kind of a fact of life at this point as we were talking about.

And Scott responds,

Yeah. It's funny that you mentioned redistribution again. It's definitely like a bad word. You know, we've come to the point where, you just don't say redistribution. You know that people oppose that.

And Alaska's dividend, a lot of Alaskans see this as a form of predistribution. And the way that they see that as predistribution is that because money goes directly from the government to people, you know, it doesn't first go to politicians and then to people. You know, it doesn't go to politicians for them to decide where it should go. Instead, it's distributed directly to people, and then people get to spend it in ways that whatever they wish. And that's money that the government isn't deciding for them.

So I would say that the redistribution is when it's, like, gone through the process of going through a politician. You know, it's like welfare as a form of redistribution because it's going through a politician, and the politician sets up a bureaucracy, and the bureaucracy says, this person deserves it. This person doesn't. This comes with these conditions.

So they’re well aware that people oppose wealth redistribution, and no quotes from Marx will convince them to support it. So they’re trying to reframe the word and argue that UBI isn’t redistribution, because the government doesn’t decide who deserves it and how they can use it.

But earlier in the episode, Scott said,

There's again kind of a misunderstanding of basic income, in regards to, like, yes, it's true that everyone universally receives whatever the basic income is.

And let's say it's $1200 per month is the basic income. That does not mean that everyone's disposable income has increased by $1200 per month. That depends on the taxes that have been paired with it, the welfare reforms that have been paired with it, the tax expenditure reforms. It means that there's some amount of net increase or decrease after taxes that has to be taken into account. So in a case of, like, Bill Gates, Elon Musk and, you know, the other billionaires, like, yes, they'll get the $1200 per month, but their taxes would have gone up much further than $1200 per month.

They will not see a disposable income boost. Then if you look at, you know, there's, depending on design, there's some, you know, person, that is receiving just as much in UBI as they're paying in additional new taxes. And, so let's say that person is around, $120,000 or something where they are receiving $1200 per month in EBI, but their new taxes are $1200 per month. So they are 0. They don't benefit from basic income financially, and they don't pay higher taxes either on net. Instead, they're like the you know, they experience the greater security of basic income.

They don't see a boost. And so then go below that. So everyone below that net neutral point are receiving some amount of disposable income boost. And for the middle class, that won't be $1200 per month. It'll be, you know, something like, say, $600 per month or $500 or something, on net.

And with only those earning 0, getting the full amount of net benefit.

If everyone gets the same UBI check, that doesn’t mean it’s not redistribution. Not even according to their own redefining of the word. Not if it’s paired with tax increases on the wealthy, which Scott is admitting it will be. Because if you give someone a monthly check, but then tax them for more than the amount of the check, that’s not really what we’ve been sold as UBI, is it? At the end of the day, as Scott admits, it’s the net change in disposable income that matters. If you give everyone an equal monthly check, but then raise taxes on the wealthy by more than they receive, and don’t raise taxes on the poor, what have you achieved? The net change in disposable income is identical to just raising taxes on the wealthy and redistributing it to the poor through different sized monthly checks based on income. In other words, exactly the same as every other wealth redistributing welfare program we already have.

This completely obliterates the argument that UBI won’t reduce the incentive to work like income based welfare payments do. It’s the net change in disposable income that matters. So having more of your UBI taxed away because you increased your income creates identical incentives to having your welfare payments reduced because you increased your income.

I don’t know what else to say on this. If you want to discuss whether wealth redistribution is good or bad, that’s a different conversation. If you quote Marx as a credible source, I already have a good idea how that conversation will go. But it’s intellectually dishonest to claim that UBI is anything other than the standard collectivist wealth redistribution scheme, just because you try to compartmentalize away the increased progressive taxes it’s inevitably paired with. As far as I’m concerned, this is as damning an argument against UBI as anyone could make.

Earlier in the show Scott pointed out that income taxes are not the best form of taxes. I completely agree, I think the incentives of income taxes are absolutely awful. But when it comes down to the mechanics of funding UBI, Scott seems to admit that it will be funded by higher taxes on the wealthy. Well of course, because that’s the only way to gain support for it. There are a lot fewer wealthy people than poor and middle class people, so UBI sells with the same marketing campaign every other economic proposal relies on: we’ll take money away from “the rich” and give it to you for free. Of course that’s going to be popular with voters. That doesn’t make it a good idea though. In fact, it’s exactly the type of idea that makes pure democracy an unsustainable and short-lived form of government.

Control

One of the common concerns about UBI is that is could lead to a threatening level of government control and coercion, if a large percentage of the population is dependent on the monthly UBI payment. This is addressed in the episode as well.

One of the most annoying things to me most recently is, how, like, coming out of the pandemic, you've got, like, the conspiracy crowd who have decided that basic income is, like, some kind of control mechanism tool, you know, that was created by elites and pushed by, like, the World Economic Forum or something.

And that the entire point of it is to, like, control people. And they'll even say stuff like, you know, a basic income will have conditions. And that's so frustrating to me because, I mean, definitionally speaking, a basic income can't have conditions. It's like they're afraid of welfare, and welfare has all sorts of conditions, and we know that.

But, like, the entire point of a basic income is to remove the conditions. So if it has conditions, then we haven't won basic income, and we should still keep fighting for basic income. You know, it's just if you're concerned about that, it's just all the more reason to be for actual basic income, not for fake basic income.

That sounds well and good. But building on the previous point, how can you say there are no conditions if you’re funding the UBI with progressive taxation to determine who actually gets a boost in net disposable income and who doesn’t? I already made the point that this is no different than the current welfare system and the conditions it entails.

You could argue that you’re going to fund the UBI with some other form of taxes. Maybe like Margot suggested,

And I think that solves a lot of concerns around how can we afford a UBI, how do we, you know, avoid inflating the money supply in order to provide money for everyone at this basic level? And I think that's really great because then I think about climate change, and then I think, well, we should just tax 100% of profits from all fossil fuel companies and then use that for UBI because they have truly benefited in ways using those natural resources like fossil fuels in a way that has been extremely detrimental to society and to the environment, and this is one way to pay back what is owed to everyone for the damage that has been done.

So UBI has no conditions, except that if you’re producing “fossil fuels” we’re going to tax away every bit of your profits and redistribute it through UBI? This isn’t the place to get into a whole conversation about “climate change” and the claim that using coal, oil, and natural gas “has been extremely detrimental to society and to the environment,” but suffice to say that this kind of ideological market control and manipulation is exactly what people are concerned about when they look at UBI proposals and how they might be funded.

Or even more concerning, something like Scott’s proposal:

When it comes to the environment, I also think carbon taxes make a lot of sense to do, because, again, you want to discourage people from having a large carbon footprint, and it would be hugely impactful to reducing greenhouse gas emissions to tax that. The issue is that, you know, usually so many people push against carbon taxes because, yeah, it would raise prices of stuff. You know, if you make this gasoline more expensive, then that means that also it may be more expensive to get to and from work. But now transport's more expensive, which means everything transported goes up in price, which means foods go up, which means all these other goods go up and services go up.

So it causes higher prices. But if you have a basic income component that's paired with the carbon tax, then that means that usually depending on design, about the bottom two-thirds actually end up receiving more in the basic income than, you know, they pay in this carbon tax. And, again, it depends on design. But only those at the top, those ones who have the largest carbon footprints are the ones who are paying more in taxes than getting back in basic income. That, I think, makes all the sense in the world.

So now we’re not just taxing “fossil fuel” companies, we’re all the way to the globalist wet dream: a universal carbon tax paired with UBI, so that if you use too much energy, you get taxed and have your wealth redistributed to people who use less energy, through the mechanism of a UBI system. If that isn’t government control and coercion, I don’t know what is. Again, I’m not going to debate the premise here. If you think CO2 is a real, serious threat and this level of coercion is acceptable in an attempt to “solve” it, that’s up to you. I’d just like to point out that this is exactly the outcome critics of UBI object to, and claiming UBI won’t be a control mechanism rings very hollow when you propose a system like this.

Final Thoughts

There are more points I could touch on here, but this article is long enough already. I encourage everyone to go listen to the episode yourself. Agree or disagree, this is an issue that’s going to come up again and again in the political discourse, and it’s worth understanding the mindset of supporters and proponents of UBI.

For myself, I’m opposed to the idea. I tried to address some of my main criticisms, based on views and comments taken from the episode.

The main point in favor of UBI that I could support unfortunately wasn’t addressed at all, at least not that I heard. That’s the idea that UBI could reduce waste in welfare program administration by eliminating the need to have a bunch of complex overlapping programs with massive overhead costs. Welfare reform was mentioned in passing, but what I’m talking about requires welfare elimination. It’s pretty clear that’s not on the table for most UBI proponents.

And I think the reason comes out in the redistribution and control sections: UBI is essentially just a cover story for an expansion and entrenchment of the welfare system. As described, it would be redistributive, would have conditions, would require more government control and coercion, and at the end of the day isn’t fundamentally different than the existing welfare system. If you look at the actual net changes in purchasing power, it’s the same model we already have, and not the fundamentally new and different system we’re being sold. In fact, I find it ironic that once you strip away the “same size monthly check to everyone” obfuscation and focus on net purchasing power, the UBI system that’s described doesn’t even meet the definition of “real UBI” given by the proponents themselves.

@ 3b3a42d3:d192e325

Atomic Signature Swaps (ASS) over Nostr is a protocol for atomically exchanging Schnorr signatures using Nostr events for orchestration. This new primitive enables multiple interesting applications like:

• Getting paid to publish specific Nostr events
• Issuing automatic payment receipts
• Contract signing in exchange for payment
• P2P asset exchanges
• Trading and enforcement of asset option contracts
• Payment in exchange for Nostr-based credentials or access tokens
• Exchanging GMs 🌞

It only requires that (i) the involved signatures be Schnorr signatures using the secp256k1 curve and that (ii) at least one of those signatures be accessible to both parties. These requirements are naturally met by Nostr events (published to relays), Taproot transactions (published to the mempool and later to the blockchain), and Cashu payments (using mints that support NUT-07, allowing any pair of these signatures to be swapped atomically.

How the Cryptographic Magic Works 🪄

This is a Schnorr signature (Zₓ, s):

s = z + H(Zₓ || P || m)⋅k

If you haven't seen it before, don't worry, neither did I until three weeks ago.

The signature scalar s is the the value a signer with private key k (and public key P = k⋅G) must calculate to prove his commitment over the message m given a randomly generated nonce z (Zₓ is just the x-coordinate of the public point Z = z⋅G). H is a hash function (sha256 with the tag "BIP0340/challenge" when dealing with BIP340), || just means to concatenate and G is the generator point of the elliptic curve, used to derive public values from private ones.

Now that you understand what this equation means, let's just rename z = r + t. We can do that, z is just a randomly generated number that can be represented as the sum of two other numbers. It also follows that z⋅G = r⋅G + t⋅G ⇔ Z = R + T. Putting it all back into the definition of a Schnorr signature we get:

s = (r + t) + H((R + T)ₓ || P || m)⋅k

Which is the same as:

s = sₐ + t where sₐ = r + H((R + T)ₓ || P || m)⋅k

sₐ is what we call the adaptor signature scalar) and t is the secret. ((R + T)ₓ, sₐ) is an incomplete signature that just becomes valid by add the secret t to the sₐ:

s = sₐ + t

What is also important for our purposes is that by getting access to the valid signature s, one can also extract t from it by just subtracting sₐ:

t = s - sₐ

The specific value of t depends on our choice of the public point T, since R is just a public point derived from a randomly generated nonce r.

So how do we choose T so that it requires the secret t to be the signature over a specific message m' by an specific public key P'? (without knowing the value of t)

Let's start with the definition of t as a valid Schnorr signature by P' over m':

t = r' + H(R'ₓ || P' || m')⋅k' ⇔ t⋅G = r'⋅G + H(R'ₓ || P' || m')⋅k'⋅G

That is the same as:

T = R' + H(R'ₓ || P' || m')⋅P'

Notice that in order to calculate the appropriate T that requires t to be an specific signature scalar, we only need to know the public nonce R' used to generate that signature.

In summary: in order to atomically swap Schnorr signatures, one party P' must provide a public nonce R', while the other party P must provide an adaptor signature using that nonce:

sₐ = r + H((R + T)ₓ || P || m)⋅k where T = R' + H(R'ₓ || P' || m')⋅P'

P' (the nonce provider) can then add his own signature t to the adaptor signature sₐ in order to get a valid signature by P, i.e. s = sₐ + t. When he publishes this signature (as a Nostr event, Cashu transaction or Taproot transaction), it becomes accessible to P that can now extract the signature t by P' and also make use of it.

Important considerations

A signature may not be useful at the end of the swap if it unlocks funds that have already been spent, or that are vulnerable to fee bidding wars.

When a swap involves a Taproot UTXO, it must always use a 2-of-2 multisig timelock to avoid those issues.

Cashu tokens do not require this measure when its signature is revealed first, because the mint won't reveal the other signature if they can't be successfully claimed, but they also require a 2-of-2 multisig timelock when its signature is only revealed last (what is unavoidable in cashu for cashu swaps).

For Nostr events, whoever receives the signature first needs to publish it to at least one relay that is accessible by the other party. This is a reasonable expectation in most cases, but may be an issue if the event kind involved is meant to be used privately.

How to Orchestrate the Swap over Nostr?

Before going into the specific event kinds, it is important to recognize what are the requirements they must meet and what are the concerns they must address. There are mainly three requirements:

• Both parties must agree on the messages they are going to sign
• One party must provide a public nonce
• The other party must provide an adaptor signature using that nonce

There is also a fundamental asymmetry in the roles of both parties, resulting in the following significant downsides for the party that generates the adaptor signature:

• NIP-07 and remote signers do not currently support the generation of adaptor signatures, so he must either insert his nsec in the client or use a fork of another signer
• There is an overhead of retrieving the completed signature containing the secret, either from the blockchain, mint endpoint or finding the appropriate relay
• There is risk he may not get his side of the deal if the other party only uses his signature privately, as I have already mentioned
• There is risk of losing funds by not extracting or using the signature before its timelock expires. The other party has no risk since his own signature won't be exposed by just not using the signature he received.

The protocol must meet all those requirements, allowing for some kind of role negotiation and while trying to reduce the necessary hops needed to complete the swap.

Swap Proposal Event (kind:455)

This event enables a proposer and his counterparty to agree on the specific messages whose signatures they intend to exchange. The content field is the following stringified JSON:

{     "give": <signature spec (required)>,     "take": <signature spec (required)>,     "exp": <expiration timestamp (optional)>,     "role": "<adaptor | nonce (optional)>",     "description": "<Info about the proposal (optional)>",     "nonce": "<Signature public nonce (optional)>",     "enc_s": "<Encrypted signature scalar (optional)>" }

The field role indicates what the proposer will provide during the swap, either the nonce or the adaptor. When this optional field is not provided, the counterparty may decide whether he will send a nonce back in a Swap Nonce event or a Swap Adaptor event using the nonce (optionally) provided by in the Swap Proposal in order to avoid one hop of interaction.

The enc_s field may be used to store the encrypted scalar of the signature associated with the nonce, since this information is necessary later when completing the adaptor signature received from the other party.

A signature spec specifies the type and all necessary information for producing and verifying a given signature. In the case of signatures for Nostr events, it contain a template with all the fields, except pubkey, id and sig:

{ "type": "nostr", "template": { "kind": "<kind>"        "content": "<content>"        "tags": [ … ],        "created_at": "<created_at>" } }

In the case of Cashu payments, a simplified signature spec just needs to specify the payment amount and an array of mints trusted by the proposer:

{   "type": "cashu",   "amount": "<amount>",   "mint": ["<acceptable mint_url>", …] }

This works when the payer provides the adaptor signature, but it still needs to be extended to also work when the payer is the one receiving the adaptor signature. In the later case, the signature spec must also include a timelock and the derived public keys Y of each Cashu Proof, but for now let's just ignore this situation. It should be mentioned that the mint must be trusted by both parties and also support Token state check (NUT-07) for revealing the completed adaptor signature and P2PK spending conditions (NUT-11) for the cryptographic scheme to work.

The tags are:

• "p", the proposal counterparty's public key (required)
• "a", a kind:30455 Swap Listing event or an application specific version of it (optional)

Forget about this Swap Listing event for now, I will get to it later...

Swap Nonce Event (kind:456) - Optional

This is an optional event for the Swap Proposal receiver to provide the public nonce of his signature when the proposal does not include a nonce or when he does not want to provide the adaptor signature due to the downsides previously mentioned. The content field is the following stringified JSON:

{     "nonce": "<Signature public nonce>",     "enc_s": "<Encrypted signature scalar (optional)>" }

And the tags must contain:

• "e", a kind:455 Swap Proposal Event (required)
• "p", the counterparty's public key (required)

Swap Adaptor Event (kind:457)

The content field is the following stringified JSON:

{ "adaptors": [ {         "sa": "<Adaptor signature scalar>",         "R": "<Signer's public nonce (including parity byte)>",         "T": "<Adaptor point (including parity byte)>",         "Y": "<Cashu proof derived public key (if applicable)>",     }, …],     "cashu": "<Cashu V4 token (if applicable)>" }

And the tags must contain:

• "e", a kind:455 Swap Proposal Event (required)
• "p", the counterparty's public key (required)

Discoverability

The Swap Listing event previously mentioned as an optional tag in the Swap Proposal may be used to find an appropriate counterparty for a swap. It allows a user to announce what he wants to accomplish, what his requirements are and what is still open for negotiation.

Swap Listing Event (kind:30455)

The content field is the following stringified JSON:

{ "description": "<Information about the listing (required)>", "give": <partial signature spec (optional)>, "take": <partial signature spec (optional)>, "examples: [<take signature spec>], // optional "exp": <expiration timestamp (optional)>, "role": "<adaptor | nonce (optional)>" }

The description field describes the restrictions on counterparties and signatures the user is willing to accept.

A partial signature spec is an incomplete signature spec used in Swap Proposal events kind:455 where omitting fields signals that they are still open for negotiation.

The examples field is an array of signature specs the user would be willing to take.

The tags are:

• "d", a unique listing id (required)
• "s", the status of the listing draft | open | closed (required)
• "t", topics related to this listing (optional)
• "p", public keys to notify about the proposal (optional)

Application Specific Swap Listings

Since Swap Listings are still fairly generic, it is expected that specific use cases define new event kinds based on the generic listing. Those application specific swap listing would be easier to filter by clients and may impose restrictions and add new fields and/or tags. The following are some examples under development:

Sponsored Events

This listing is designed for users looking to promote content on the Nostr network, as well as for those who want to monetize their accounts by sharing curated sponsored content with their existing audiences.

It follows the same format as the generic Swap Listing event, but uses the kind:30456 instead.

The following new tags are included:

• "k", event kind being sponsored (required)
• "title", campaign title (optional)

It is required that at least one signature spec (give and/or take) must have "type": "nostr" and also contain the following tag ["sponsor", "<pubkey>", "<attestation>"] with the sponsor's public key and his signature over the signature spec without the sponsor tag as his attestation. This last requirement enables clients to disclose and/or filter sponsored events.

Asset Swaps

This listing is designed for users looking for counterparties to swap different assets that can be transferred using Schnorr signatures, like any unit of Cashu tokens, Bitcoin or other asset IOUs issued using Taproot.

It follows the same format as the generic Swap Listing event, but uses the kind:30457 instead.

It requires the following additional tags:

• "t", asset pair to be swapped (e.g. "btcusd")
• "t", asset being offered (e.g. "btc")
• "t", accepted payment method (e.g. "cashu", "taproot")

Swap Negotiation

From finding an appropriate Swap Listing to publishing a Swap Proposal, there may be some kind of negotiation between the involved parties, e.g. agreeing on the amount to be paid by one of the parties or the exact content of a Nostr event signed by the other party. There are many ways to accomplish that and clients may implement it as they see fit for their specific goals. Some suggestions are:

• Adding kind:1111 Comments to the Swap Listing or an existing Swap Proposal
• Exchanging tentative Swap Proposals back and forth until an agreement is reached
• Simple exchanges of DMs
• Out of band communication (e.g. Signal)

Work to be done

I've been refining this specification as I develop some proof-of-concept clients to experience its flaws and trade-offs in practice. I left the signature spec for Taproot signatures out of the current document as I still have to experiment with it. I will probably find some important orchestration issues related to dealing with 2-of-2 multisig timelocks, which also affects Cashu transactions when spent last, that may require further adjustments to what was presented here.

The main goal of this article is to find other people interested in this concept and willing to provide valuable feedback before a PR is opened in the NIPs repository for broader discussions.

References

• GM Swap- Nostr client for atomically exchanging GM notes. Live demo available here.
• Sig4Sats Script - A Typescript script demonstrating the swap of a Cashu payment for a signed Nostr event.
• Loudr- Nostr client under development for sponsoring the publication of Nostr events. Live demo available at loudr.me.
• Poelstra, A. (2017). Scriptless Scripts. Blockstream Research. https://github.com/BlockstreamResearch/scriptless-scripts

@ 3b3a42d3:d192e325

Atomic Signature Swaps (ASS) over Nostr is a protocol for atomically exchanging Schnorr signatures using Nostr events for orchestration. This new primitive enables multiple interesting applications like:

• Getting paid to publish specific Nostr events
• Issuing automatic payment receipts
• Contract signing in exchange for payment
• P2P asset exchanges
• Payment in exchange for Nostr-based credentials or access tokens
• Exchanging GMs 🌞

It only requires that (i) the involved signatures be Schnorr signatures using the secp256k1 curve and that (ii) at least one of those signatures be accessible to both parties. These requirements are naturally met by Nostr events (published to relays), Taproot transactions (published to the mempool and later to the blockchain), and Cashu payments (using mints that support NUT-07, allowing any pair of these signatures to be swapped atomically.

How the Cryptographic Magic Works 🪄

This is a Schnorr signature (Zₓ, s):

s = z + H(Zₓ || P || m)⋅k

If you haven't seen it before, don't worry, neither did I until three weeks ago.

The signature scalar s is the the value a signer with private key k (and public key P = k⋅G) must calculate to prove his commitment over the message m given a randomly generated nonce z (Zₓ is just the x-coordinate of the public point Z = z⋅G). H is a hash function (sha256 with the tag "BIP0340/challenge" when dealing with BIP340), || just means to concatenate and G is the generator point of the elliptic curve, used to derive public values from private ones.

Now that you understand what this equation means, let's just rename z = r + t. We can do that, z is just a randomly generated number that can be represented as the sum of two other numbers. It also follows that z⋅G = r⋅G + t⋅G ⇔ Z = R + T. Putting it all back into the definition of a Schnorr signature we get:

s = (r + t) + H((R + T)ₓ || P || m)⋅k

Which is the same as:

s = sₐ + t where sₐ = r + H((R + T)ₓ || P || m)⋅k

sₐ is what we call the adaptor signature scalar) and t is the secret. ((R + T)ₓ, sₐ) is an incomplete signature that just becomes valid by add the secret t to the sₐ:

s = sₐ + t

What is also important for our purposes is that by getting access to the valid signature s, one can also extract t from it by just subtracting sₐ:

t = s - sₐ

The specific value of t depends on our choice of the public point T, since R is just a public point derived from a randomly generated nonce r.

So how do we choose T so that it requires the secret t to be the signature over a specific message m' by an specific public key P'? (without knowing the value of t)

Let's start with the definition of t as a valid Schnorr signature by P' over m':

t = r' + H(R'ₓ || P' || m')⋅k' ⇔ t⋅G = r'⋅G + H(R'ₓ || P' || m')⋅k'⋅G

That is the same as:

T = R' + H(R'ₓ || P' || m')⋅P'

Notice that in order to calculate the appropriate T that requires t to be an specific signature scalar, we only need to know the public nonce R' used to generate that signature.

In summary: in order to atomically swap Schnorr signatures, one party P' must provide a public nonce R', while the other party P must provide an adaptor signature using that nonce:

sₐ = r + H((R + T)ₓ || P || m)⋅k where T = R' + H(R'ₓ || P' || m')⋅P'

P' (the nonce provider) can then add his own signature t to the adaptor signature sₐ in order to get a valid signature by P, i.e. s = sₐ + t. When he publishes this signature (as a Nostr event, Cashu transaction or Taproot transaction), it becomes accessible to P that can now extract the signature t by P' and also make use of it.

Important considerations

A signature may not be useful at the end of the swap if it unlocks funds that have already been spent, or that are vulnerable to fee bidding wars.

When a swap involves a Taproot UTXO, it must always use a 2-of-2 multisig timelock to avoid those issues.

Cashu tokens do not require this measure when its signature is revealed first, because the mint won't reveal the other signature if they can't be successfully claimed, but they also require a 2-of-2 multisig timelock when its signature is only revealed last (what is unavoidable in cashu for cashu swaps).

For Nostr events, whoever receives the signature first needs to publish it to at least one relay that is accessible by the other party. This is a reasonable expectation in most cases, but may be an issue if the event kind involved is meant to be used privately.

How to Orchestrate the Swap over Nostr?

Before going into the specific event kinds, it is important to recognize what are the requirements they must meet and what are the concerns they must address. There are mainly three requirements:

• Both parties must agree on the messages they are going to sign
• One party must provide a public nonce
• The other party must provide an adaptor signature using that nonce

There is also a fundamental asymmetry in the roles of both parties, resulting in the following significant downsides for the party that generates the adaptor signature:

• NIP-07 and remote signers do not currently support the generation of adaptor signatures, so he must either insert his nsec in the client or use a fork of another signer
• There is an overhead of retrieving the completed signature containing the secret, either from the blockchain, mint endpoint or finding the appropriate relay
• There is risk he may not get his side of the deal if the other party only uses his signature privately, as I have already mentioned
• There is risk of losing funds by not extracting or using the signature before its timelock expires. The other party has no risk since his own signature won't be exposed by just not using the signature he received.

The protocol must meet all those requirements, allowing for some kind of role negotiation and while trying to reduce the necessary hops needed to complete the swap.

Swap Proposal Event (kind:455)

This event enables a proposer and his counterparty to agree on the specific messages whose signatures they intend to exchange. The content field is the following stringified JSON:

{     "give": <signature spec (required)>,     "take": <signature spec (required)>,     "exp": <expiration timestamp (optional)>,     "role": "<adaptor | nonce (optional)>",     "description": "<Info about the proposal (optional)>",     "nonce": "<Signature public nonce (optional)>",     "enc_s": "<Encrypted signature scalar (optional)>" }

The field role indicates what the proposer will provide during the swap, either the nonce or the adaptor. When this optional field is not provided, the counterparty may decide whether he will send a nonce back in a Swap Nonce event or a Swap Adaptor event using the nonce (optionally) provided by in the Swap Proposal in order to avoid one hop of interaction.

The enc_s field may be used to store the encrypted scalar of the signature associated with the nonce, since this information is necessary later when completing the adaptor signature received from the other party.

A signature spec specifies the type and all necessary information for producing and verifying a given signature. In the case of signatures for Nostr events, it contain a template with all the fields, except pubkey, id and sig:

{ "type": "nostr", "template": { "kind": "<kind>"        "content": "<content>"        "tags": [ … ],        "created_at": "<created_at>" } }

In the case of Cashu payments, a simplified signature spec just needs to specify the payment amount and an array of mints trusted by the proposer:

{   "type": "cashu",   "amount": "<amount>",   "mint": ["<acceptable mint_url>", …] }

This works when the payer provides the adaptor signature, but it still needs to be extended to also work when the payer is the one receiving the adaptor signature. In the later case, the signature spec must also include a timelock and the derived public keys Y of each Cashu Proof, but for now let's just ignore this situation. It should be mentioned that the mint must be trusted by both parties and also support Token state check (NUT-07) for revealing the completed adaptor signature and P2PK spending conditions (NUT-11) for the cryptographic scheme to work.

The tags are:

• "p", the proposal counterparty's public key (required)
• "a", a kind:30455 Swap Listing event or an application specific version of it (optional)

Forget about this Swap Listing event for now, I will get to it later...

Swap Nonce Event (kind:456) - Optional

This is an optional event for the Swap Proposal receiver to provide the public nonce of his signature when the proposal does not include a nonce or when he does not want to provide the adaptor signature due to the downsides previously mentioned. The content field is the following stringified JSON:

{     "nonce": "<Signature public nonce>",     "enc_s": "<Encrypted signature scalar (optional)>" }

And the tags must contain:

• "e", a kind:455 Swap Proposal Event (required)
• "p", the counterparty's public key (required)

Swap Adaptor Event (kind:457)

The content field is the following stringified JSON:

{ "adaptors": [ {         "sa": "<Adaptor signature scalar>",         "R": "<Signer's public nonce (including parity byte)>",         "T": "<Adaptor point (including parity byte)>",         "Y": "<Cashu proof derived public key (if applicable)>",     }, …],     "cashu": "<Cashu V4 token (if applicable)>" }

And the tags must contain:

• "e", a kind:455 Swap Proposal Event (required)
• "p", the counterparty's public key (required)

Discoverability

The Swap Listing event previously mentioned as an optional tag in the Swap Proposal may be used to find an appropriate counterparty for a swap. It allows a user to announce what he wants to accomplish, what his requirements are and what is still open for negotiation.

Swap Listing Event (kind:30455)

The content field is the following stringified JSON:

{ "description": "<Information about the listing (required)>", "give": <partial signature spec (optional)>, "take": <partial signature spec (optional)>, "examples: [<take signature spec>], // optional "exp": <expiration timestamp (optional)>, "role": "<adaptor | nonce (optional)>" }

The description field describes the restrictions on counterparties and signatures the user is willing to accept.

A partial signature spec is an incomplete signature spec used in Swap Proposal events kind:455 where omitting fields signals that they are still open for negotiation.

The examples field is an array of signature specs the user would be willing to take.

The tags are:

• "d", a unique listing id (required)
• "s", the status of the listing draft | open | closed (required)
• "t", topics related to this listing (optional)
• "p", public keys to notify about the proposal (optional)

Application Specific Swap Listings

Since Swap Listings are still fairly generic, it is expected that specific use cases define new event kinds based on the generic listing. Those application specific swap listing would be easier to filter by clients and may impose restrictions and add new fields and/or tags. The following are some examples under development:

Sponsored Events

This listing is designed for users looking to promote content on the Nostr network, as well as for those who want to monetize their accounts by sharing curated sponsored content with their existing audiences.

It follows the same format as the generic Swap Listing event, but uses the kind:30456 instead.

The following new tags are included:

• "k", event kind being sponsored (required)
• "title", campaign title (optional)

It is required that at least one signature spec (give and/or take) must have "type": "nostr" and also contain the following tag ["sponsor", "<pubkey>", "<attestation>"] with the sponsor's public key and his signature over the signature spec without the sponsor tag as his attestation. This last requirement enables clients to disclose and/or filter sponsored events.

Asset Swaps

This listing is designed for users looking for counterparties to swap different assets that can be transferred using Schnorr signatures, like any unit of Cashu tokens, Bitcoin or other asset IOUs issued using Taproot.

It follows the same format as the generic Swap Listing event, but uses the kind:30457 instead.

It requires the following additional tags:

• "t", asset pair to be swapped (e.g. "btcusd")
• "t", asset being offered (e.g. "btc")
• "t", accepted payment method (e.g. "cashu", "taproot")

Swap Negotiation

From finding an appropriate Swap Listing to publishing a Swap Proposal, there may be some kind of negotiation between the involved parties, e.g. agreeing on the amount to be paid by one of the parties or the exact content of a Nostr event signed by the other party. There are many ways to accomplish that and clients may implement it as they see fit for their specific goals. Some suggestions are:

• Adding kind:1111 Comments to the Swap Listing or an existing Swap Proposal
• Exchanging tentative Swap Proposals back and forth until an agreement is reached
• Simple exchanges of DMs
• Out of band communication (e.g. Signal)

Work to be done

I've been refining this specification as I develop some proof-of-concept clients to experience its flaws and trade-offs in practice. I left the signature spec for Taproot signatures out of the current document as I still have to experiment with it. I will probably find some important orchestration issues related to dealing with 2-of-2 multisig timelocks, which also affects Cashu transactions when spent last, that may require further adjustments to what was presented here.

The main goal of this article is to find other people interested in this concept and willing to provide valuable feedback before a PR is opened in the NIPs repository for broader discussions.

References

• GM Swap- Nostr client for atomically exchanging GM notes. Live demo available here.
• Sig4Sats Script - A Typescript script demonstrating the swap of a Cashu payment for a signed Nostr event.
• Loudr- Nostr client under development for sponsoring the publication of Nostr events. Live demo available at loudr.me.
• Poelstra, A. (2017). Scriptless Scripts. Blockstream Research. https://github.com/BlockstreamResearch/scriptless-scripts

@ efe5d120:1fc51981

It’s not big government programs or powerful institutions that make a society strong. It’s something much simpler: everyday people trading and working together.

Think about the local hardware store owner. He helps his neighbors, gives people jobs, and provides useful tools. But when the government taxes him too much to fund its programs, it takes away money he could have used to hire someone or visit his family. That hurts both him and the people around him.

This happens all over. Small business owners, tradesmen, inventors and entrepreneurs are the ones who really build up a society. They create value by trading things people want, and both sides benefit. Free trade gives people more choices and helps them live better lives.

But from a young age, we’re told to obey authority without question. We’re taught that without rulers, there would be chaos. But what if that’s not true?

Look around the world: even when governments try to control trade, people still find ways to work together and exchange goods. It’s natural. People want to cooperate and help each other—especially when they’re free to do so.

Here’s the hard truth: if someone can take your money, control your property, and punish you without your agreement, isn’t that a kind of control—or even servitude?

True prosperity doesn’t come from the top down. It comes from people freely working together—farmers, builders, cooks, coders—offering their skills to others who need them.

When trade is free, people do well. When it’s blocked by too many rules or taxes, everyone loses—especially the ones who need help the most.

The answer isn’t more laws or more control. It’s more freedom. Next time someone says we need more government to fix things, ask yourself: wouldn’t free people solve those problems better on their own?

Real civilization isn’t about being ruled. It’s about choosing to work together, trade fairly, and respect each other’s rights. That’s not chaos—that’s freedom.

@ 34f1ddab:2ca0cf7c

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Act fast and secure your digital assets with cryptrecver.com.Losing access to your cryptocurrency can feel like losing a part of your future. Whether it’s due to a forgotten password, a damaged seed backup, or a simple mistake in a transfer, the stress can be overwhelming. Fortunately, cryptrecver.com is here to assist! With our expert-led recovery services, you can safely and swiftly reclaim your lost Bitcoin and other cryptocurrencies.

# Why Trust Crypt Recver? 🤝

🛠️ Expert Recovery Solutions\ At Crypt Recver, we specialize in addressing complex wallet-related issues. Our skilled engineers have the tools and expertise to handle:

• Partially lost or forgotten seed phrases
• Extracting funds from outdated or invalid wallet addresses
• Recovering data from damaged hardware wallets
• Restoring coins from old or unsupported wallet formats

You’re not just getting a service; you’re gaining a partner in your cryptocurrency journey.

🚀 Fast and Efficient Recovery\ We understand that time is crucial in crypto recovery. Our optimized systems enable you to regain access to your funds quickly, focusing on speed without compromising security. With a success rate of over 90%, you can rely on us to act swiftly on your behalf.

🔒 Privacy is Our Priority\ Your confidentiality is essential. Every recovery session is conducted with the utmost care, ensuring all processes are encrypted and confidential. You can rest assured that your sensitive information remains private.

💻 Advanced Technology\ Our proprietary tools and brute-force optimization techniques maximize recovery efficiency. Regardless of how challenging your case may be, our technology is designed to give you the best chance at retrieving your crypto.

Our Recovery Services Include: 📈

• Bitcoin Recovery: Lost access to your Bitcoin wallet? We help recover lost wallets, private keys, and passphrases.
• Transaction Recovery: Mistakes happen — whether it’s an incorrect wallet address or a lost password, let us manage the recovery.
• Cold Wallet Restoration: If your cold wallet is failing, we can safely extract your assets and migrate them into a secure new wallet.
• Private Key Generation: Lost your private key? Our experts can help you regain control using advanced methods while ensuring your privacy.

⚠️ What We Don’t Do\ While we can handle many scenarios, some limitations exist. For instance, we cannot recover funds stored in custodial wallets or cases where there is a complete loss of four or more seed words without partial information available. We are transparent about what’s possible, so you know what to expect

# Don’t Let Lost Crypto Hold You Back!

Did you know that between 3 to 3.4 million BTC — nearly 20% of the total supply — are estimated to be permanently lost? Don’t become part of that statistic! Whether it’s due to a forgotten password, sending funds to the wrong address, or damaged drives, we can help you navigate these challenges

🛡️ Real-Time Dust Attack Protection\ Our services extend beyond recovery. We offer dust attack protection, keeping your activity anonymous and your funds secure, shielding your identity from unwanted tracking, ransomware, and phishing attempts.

🎉 Start Your Recovery Journey Today!\ Ready to reclaim your lost crypto? Don’t wait until it’s too late!\ 👉 cryptrecver.com

📞 Need Immediate Assistance? Connect with Us!\ For real-time support or questions, reach out to our dedicated team on:\ ✉️ Telegram: t.me/crypptrcver\ 💬 WhatsApp: +1(941)317–1821

Crypt Recver is your trusted partner in cryptocurrency recovery. Let us turn your challenges into victories. Don’t hesitate — your crypto future starts now! 🚀✨

Act fast and secure your digital assets with cryptrecver.com.

@ 8d34bd24:414be32b

In case you haven’t noticed, I’ve spent a lot of time reading Revelation lately. Last night, I was reading the letters to the seven churches in Revelation. It got me thinking about the church or churches today.

“To the angel of the church in Laodicea write:

The Amen, the faithful and true Witness, the Beginning of the creation of God, says this:

‘I know your deeds, that you are neither cold nor hot; I wish that you were cold or hot. So because you are lukewarm, and neither hot nor cold, I will spit you out of My mouth. Because you say, “I am rich, and have become wealthy, and have need of nothing,” and you do not know that you are wretched and miserable and poor and blind and naked, I advise you to buy from Me gold refined by fire so that you may become rich, and white garments so that you may clothe yourself, and that the shame of your nakedness will not be revealed; and eye salve to anoint your eyes so that you may see. Those whom I love, I reprove and discipline; therefore be zealous and repent. Behold, I stand at the door and knock; if anyone hears My voice and opens the door, I will come in to him and will dine with him, and he with Me. He who overcomes, I will grant to him to sit down with Me on My throne, as I also overcame and sat down with My Father on His throne. He who has an ear, let him hear what the Spirit says to the churches.’ ” (Revelation 3:14-22)

Sadly the church in Revelation, that the majority of American churches most closely resembles, is the church in Laodicea. (FYI, like most large generalizations, there are exceptions, of course)

Last I heard, America still had the most churches, Christian book stores, Christian radio stations, etc., but is America still the most Christian? I strongly have my doubts. Most modern, American churches seem to be more about socialization, entertainment, and making people feel good about themselves, even if what they really need is repentance. I even have doubts that many institutions that call themselves churches are churches (as defined by God) or have any true believers as members.

‘I know your tribulation and your poverty (but you are rich), and the blasphemy by those who say they are Jews and are not, but are a synagogue of Satan. (Revelation 2:9)

Although this verse is referring to those who call themselves Jews and are not, I think we are seeing those who say they are Christians and are not, but are a church of Satan. Of course this is definitely not true of all churches.

The most common thing I see, though, is the lukewarm churches, where members show up on Sunday, check that off their list, and then go on living life like everyone else around them. Surveys show that rates of divorce, abortion, and other anti-biblical choices are as common among self-proclaimed Christians as among those who claim no faith.

These churches hear the Bible, but don’t hunger for the Word of God. They listen to God’s commands, but don’t live them out in their daily lives. Just like the Pharisees, they have the trappings of religion, but not the spirit of God. Worship is singing along with a rock band rather than falling on their face in awe of their Creator.

Just like what was predicted:

For the time will come when they will not endure sound doctrine; but wanting to have their ears tickled, they will accumulate for themselves teachers in accordance to their own desires, and will turn away their ears from the truth and will turn aside to myths. (2 Timothy 4:3-4) {emphasis mine}

Church services become self-help services. The word of God gets subverted by culture and “science.” Some church leaders intentionally ignore certain passages and take others out of context, so they will be popular and have growth. Sadly a growth in “butts in seats” is not what matters, if it isn’t accompanied by a growth in trust in Jesus and a growth in discipleship. These churches give a lot of people the false hope that they will be going to Heaven when they die. They will be shocked to hear “I never knew you.”

“Not everyone who says to Me, ‘Lord, Lord,’ will enter the kingdom of heaven, but he who does the will of My Father who is in heaven will enter. Many will say to Me on that day, ‘Lord, Lord, did we not prophesy in Your name, and in Your name cast out demons, and in Your name perform many miracles?’ And then I will declare to them, ‘I never knew you; depart from Me, you who practice lawlessness.’ (Matthew 7:21-23) {emphasis mine}

Like the church in Laodicea, the church in America is rich in material wealth compared to others. Like the church in Laodicea, the American church relies too much on their wealth and freedom instead of putting their faith in God through good times and bad. Like the church in Laodicea, the American church has the trappings of faith without the reality of faith as shown by works (lifestyle). Most unfortunately, like the church in Laodicea, the American church is full of people who will almost certainly hear “I never knew you.”

What does Jesus say the solution is? “Be zealous and repent.”

Nothing in life should be more important to us than our relationship with our Creator and Savior. If we’ve relegated Him to the margins, we need to repent. We need to turn back to God and seek Him first.

Do not worry then, saying, ‘What will we eat?’ or ‘What will we drink?’ or ‘What will we wear for clothing?’ For the Gentiles eagerly seek all these things; for your heavenly Father knows that you need all these things. But seek first His kingdom and His righteousness, and all these things will be added to you. (Matthew 6:31-33) {emphasis mine}

Even if we aren’t actively doing evil, it is so easy to get distracted by life and not include God in our lives. Instead of God being just someone who we worship for and hour or two on Sunday morning and pray to at meals, He should be our guiding force for all things in our lives. He should be our focus and guiding light. We should long for His word and study the Bible daily. We should seek His guidance in decisions big and small. We should interact with others with the same goals and love as Jesus did when He was living a mortal life on earth. Our lives should look different.

I love what was said about Jesus’s disciples:

Now as they observed the confidence of Peter and John and understood that they were uneducated and untrained men, they were amazed, and began to recognize them as having been with Jesus. (Acts 4:13) {emphasis mine}

I want everyone who meets me to see Jesus in me and recognize that I have been with Jesus. Do you? Or do you want to blend in and look like those around you because that is easier and more comfortable?

Now for this very reason also, applying all diligence, in your faith supply moral excellence, and in your moral excellence, knowledge, and in your knowledge, self-control, and in your self-control, perseverance, and in your perseverance, godliness, and in your godliness, brotherly kindness, and in your brotherly kindness, love. For if these qualities are yours and are increasing, they render you neither useless nor unfruitful in the true knowledge of our Lord Jesus Christ. For he who lacks these qualities is blind or short-sighted, having forgotten his purification from his former sins. Therefore, brethren, be all the more diligent to make certain about His calling and choosing you; for as long as you practice these things, you will never stumble; for in this way the entrance into the eternal kingdom of our Lord and Savior Jesus Christ will be abundantly supplied to you. (2 Peter 1:5-11) {emphasis mine}

Peter gives some good advice on becoming more Christ-like and fruitful. He tells us to apply all diligence in:

• faith

• moral excellence

• perseverance

• godliness

• brotherly kindness

• love

He tells us that lacking these traits is “blind or short-sighted” and leads to us being unfruitful and useless. I don’t know about you, but I do NOT want Jesus to think of me as useless.

May the God of heaven increase your faith, grow your desire to know God through prayer and study of His Word, and help you to live the life you were designed to live. May he help you to avoid worldly distractions and to have the strength to stand firm on the foundation of Jesus especially when this means you have to stand up against the crowd. May you be fruitful and useful all of the days of your life.

Trust Jesus.

@ 30b99916:3cc6e3fe

For all you COVID COWARDS out there perhaps you can redeem yourself by supporting America's Frontline Docters

History will show that the defeat of COVID tyranny wasn’t granted – it was won, case by case, voice by voice – and your support for America’s Frontline Doctors played an important role in this fight.  

America 2020 – our nation faced a moment of truth.  

Public health soldiers working for deep-state globalists unleashed tyranny in response to a virus - to terrorize us and dismantle our Constitution.  

When I look back on the forces arrayed against us, I’m amazed more people did NOT stand up for their rights:

_Government agencies...hospitals...universities...corporations..._

...the state acting as our “savior” ...

...and Big Tech as the enforcer...

All joined forces to impose sweeping authoritarian mandates under the banners of public health and settled science.

_They declared freedom and liberty non-essential._

_They silenced, fired, shamed, and canceled ANYONE who dared question them._

ANYONE who resisted the masking, the lockdowns, the forced mRNA injections, are HEROS.

It angers me just thinking about what happened next.

Everyday Americans lost their livelihoods.

Parents watched as their children deteriorated after being locked out of their schools.  

Doctors – some of the best in the country – were hunted down by their own licensing boards for practicing ACTUAL medicine instead of government-approved pseudoscience.  

I hate to admit it, but tyranny triumphed.

The people had surrendered so much liberty that I didn’t recognize the nation our founders had forged.  

I’m sure you didn’t either.  

But while we can’t undo the past, we can make sure we don’t repeat it. 

That is why America’s Frontline Doctors and I – with you alongside us – have been fighting back.  

And together, we’ve been doing it case by case, supporting legal challenges against these unconstitutional, totalitarian mandates.

@ 472f440f:5669301e

Marty's Bent

via me

It seems like every other day there's another company announced that is going public with the intent of competing with Strategy by leveraging capital markets to create financial instruments to acquire Bitcoin in a way that is accretive for shareholders. This is certainly a very interesting trend, very bullish for bitcoin in the short-term, and undoubtedly making it so bitcoin is top of mind in the mainstream. I won't pretend to know whether or not these strategies will ultimately be successful or fail in the short, medium or long term. However, one thing I do know is that the themes that interest me, both here at TFTC and in my role as Managing Partner at Ten31, are companies that are building good businesses that are efficient, have product-market-fit, generate revenues and profits and roll those profits into bitcoin.

While it seems pretty clear that Strategy has tapped into an arbitrage that exists in capital markets, it's not really that exciting. From a business perspective, it's actually pretty straightforward and simple; find where potential arbitrage opportunities exists between pools of capital looking for exposure to spot bitcoin or bitcoin's volatility but can't buy the actual asset, and provide them with products that give them access to exposure while simultaneously creating a cult-like retail following. Rinse and repeat. To the extent that this strategy is repeatable is yet to be seen. I imagine it can expand pretty rapidly. Particularly if we have a speculative fervor around companies that do this. But in the long run, I think the signal is falling back to first principles, looking for businesses that are actually providing goods and services to the broader economy - not focused on the hyper-financialized part of the economy - to provide value and create efficiencies that enable higher margins and profitability.

With this in mind, I think it's important to highlight the combined leverage that entrepreneurs have by utilizing bitcoin treasuries and AI tools that are emerging and becoming more advanced by the week. As I said in the tweet above, there's never been a better time to start a business that finds product-market fit and cash flows quickly with a team of two to three people. If you've been reading this rag over the last few weeks, you know that I've been experimenting with these AI tools and using them to make our business processes more efficient here at TFTC. I've also been using them at Ten31 to do deep research and analysis.

It has become abundantly clear to me that any founder or entrepreneur that is not utilizing the AI tools that are emerging is going to get left behind. As it stands today, all anyone has to do to get an idea from a thought in your head to the prototype stage to a minimum viable product is to hop into something like Claude or ChatGPT, have a brief conversation with an AI model that can do deep research about a particular niche that you want to provide a good service to and begin building.

Later this week, I will launch an app called Opportunity Cost in the Chrome and Firefox stores. It took me a few hours of work over the span of a week to ideate and iterate on the concept to the point where I had a working prototype that I handed off to a developer who is solving the last mile problem I have as an "idea guy" of getting the product to market. Only six months ago, accomplishing something like this would have been impossible for me. I've never written a line of code that's actually worked outside of the modded MySpace page I made back in middle school. I've always had a lot of ideas but have never been able to effectively communicate them to developers who can actually build them. With a combination of ChatGPT-03 and Replit, I was able to build an actual product that works. I'm using it in my browser today. It's pretty insane.

There are thousands of people coming to the same realization at the same time right now and going out there and building niche products very cheaply, with small teams, they are getting to market very quickly, and are amassing five figures, six figures, sometimes seven figures of MRR with extremely high profit margins. What most of these entrepreneurs have not really caught on to yet is that they should be cycling a portion - in my opinion, a large portion - of those profits into bitcoin. The combination of building a company utilizing these AI tools, getting it to market, getting revenue and profits, and turning those profits into bitcoin cannot be understated. You're going to begin seeing teams of one to ten people building businesses worth billions of dollars and they're going to need to store the value they create, any money that cannot be debased.

nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgy8fkmd9kmm8yp4lea2cx0g8fyz27g4ud7572j4edx2v6lz6aa23qmp5dth , one of the co-founders of Ten31, wrote about this in early 2024, bitcoin being the fourth lever of equity value growth for companies.

Bitcoin Treasury - The Fourth Lever to Equity Value Growth

We already see this theme playing out at Ten31 with some of our portfolio companies, most notably nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jqjrm2qp , which recently released some of their financials, highlighting the fact that they're extremely profitable with high margins and a relatively small team (\~75). This is extremely impressive, especially when you consider the fact that they're a global company competing with the likes of Coinbase and Block, which have each thousands of employees.

Even those who are paying attention to the developments in the AI space and how the tools can enable entrepreneurs to build faster aren't really grasping the gravity of what's at play here. Many are simply thinking of consumer apps that can be built and distributed quickly to market, but the ways in which AI can be implemented extend far beyond the digital world. Here's a great example of a company a fellow freak is building with the mindset of keeping the team small, utilizing AI tools to automate processes and quickly push profits into bitcoin.

via Cormac

Again, this is where the exciting things are happening in my mind. People leveraging new tools to solve real problems to drive real value that ultimately produce profits for entrepreneurs. The entrepreneurs who decide to save those profits in bitcoin will find that the equity value growth of their companies accelerates exponentially as they provide more value, gain more traction, and increase their profits while also riding the bitcoin as it continues on its monetization phase. The compounded leverage of building a company that leverages AI tools and sweeps profits into bitcoin is going to be one of the biggest asymmetric plays of the next decade. Personally, I also see it as something that's much more fulfilling than the pure play bitcoin treasury companies that are coming to market because consumers and entrepreneurs are able to recive and provide a ton of value in the real economy.

If you're looking to stay on top of the developments in the AI space and how you can apply the tools to help build your business or create a new business, I highly recommend you follow somebody like Greg Isenberg, whose Startup Ideas Podcast has been incredibly valuable for me as I attempt to get a lay of the land of how to implement AI into my businesses.

America's Two Economies

In my recent podcast with Lyn Alden, she outlined how our trade deficits create a cycle that's reshaping America's economic geography. As Alden explained, US trade deficits pump dollars into international markets, but these dollars don't disappear - they return as investments in US financial assets. This cycle gradually depletes industrial heartlands while enriching financial centers on the coasts, creating what amounts to two separate American economies.

"We're basically constantly taking economic vibrancy out of Michigan and Ohio and rural Pennsylvania where the steel mills were... and stuffing it back into financial assets in New York and Silicon Valley." - nostr:nprofile1qy2hwumn8ghj7mn0wd68ytndv9kxjm3wdahxcqg5waehxw309ahx7um5wfekzarkvyhxuet5qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncdhu7e3

This pattern has persisted for over four decades, accelerating significantly since the early 1980s. Alden emphasized that while economists may argue there's still room before reaching a crisis point, the political consequences are already here. The growing divide between these two Americas has fueled populist sentiment as voters who feel left behind seek economic rebalancing, even if they can't articulate the exact mechanisms causing their hardship.

Check out the full podcast here for more on China's manufacturing dominance, Trump's tariff strategy, and the future of Bitcoin as a global reserve asset. All discussed in under 60 minutes.

Headlines of the Day

Trump's Saudi Summit: Peace and Economic Ties - via X

MSTR Edges Closer To S\&P 500 With Just 89 Trading Days Left - via X

Get our new STACK SATS hat - via tftcmerch.io

Individuals Shed 247K Bitcoin As Businesses Gain 157K - via X

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Final thought...

My boys have started a game in the car where we count how many Waymos we see on the road while driving around town. Pretty crazy how innately stoked they are about that particular car.

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

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@ 266815e0:6cd408a5

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

@ 52b4a076:e7fad8bd

Introduction

Me and Fishcake have been working on infrastructure for Noswhere and Nostr.build. Part of this involves processing a large amount of Nostr events for features such as search, analytics, and feeds.

I have been recently developing nosdex v3, a newer version of the Noswhere scraper that is designed for maximum performance and fault tolerance using FoundationDB (FDB).

Fishcake has been working on a processing system for Nostr events to use with NB, based off of Cloudflare (CF) Pipelines, which is a relatively new beta product. This evening, we put it all to the test.

First preparations

We set up a new CF Pipelines endpoint, and I implemented a basic importer that took data from the nosdex database. This was quite slow, as it did HTTP requests synchronously, but worked as a good smoke test.

Asynchronous indexing

I implemented a high-contention queue system designed for highly parallel indexing operations, built using FDB, that supports: - Fully customizable batch sizes - Per-index queues - Hundreds of parallel consumers - Automatic retry logic using lease expiration

When the scraper first gets an event, it will process it and eventually write it to the blob store and FDB. Each new event is appended to the event log.

On the indexing side, a Queuer will read the event log, and batch events (usually 2K-5K events) into one work job. This work job contains: - A range in the log to index - Which target this job is intended for - The size of the job and some other metadata

Each job has an associated leasing state, which is used to handle retries and prioritization, and ensure no duplication of work.

Several Workers monitor the index queue (up to 128) and wait for new jobs that are available to lease.

Once a suitable job is found, the worker acquires a lease on the job and reads the relevant events from FDB and the blob store.

Depending on the indexing type, the job will be processed in one of a number of ways, and then marked as completed or returned for retries.

In this case, the event is also forwarded to CF Pipelines.

Trying it out

The first attempt did not go well. I found a bug in the high-contention indexer that led to frequent transaction conflicts. This was easily solved by correcting an incorrectly set parameter.

We also found there were other issues in the indexer, such as an insufficient amount of threads, and a suspicious decrease in the speed of the Queuer during processing of queued jobs.

Along with fixing these issues, I also implemented other optimizations, such as deprioritizing Worker DB accesses, and increasing the batch size.

To fix the degraded Queuer performance, I ran the backfill job by itself, and then started indexing after it had completed.

Bottlenecks, bottlenecks everywhere

After implementing these fixes, there was an interesting problem: The DB couldn't go over 80K reads per second. I had encountered this limit during load testing for the scraper and other FDB benchmarks.

As I suspected, this was a client thread limitation, as one thread seemed to be using high amounts of CPU. To overcome this, I created a new client instance for each Worker.

After investigating, I discovered that the Go FoundationDB client cached the database connection. This meant all attempts to create separate DB connections ended up being useless.

Using OpenWithConnectionString partially resolved this issue. (This also had benefits for service-discovery based connection configuration.)

To be able to fully support multi-threading, I needed to enabled the FDB multi-client feature. Enabling it also allowed easier upgrades across DB versions, as FDB clients are incompatible across versions:

FDB_NETWORK_OPTION_EXTERNAL_CLIENT_LIBRARY="/lib/libfdb_c.so" FDB_NETWORK_OPTION_CLIENT_THREADS_PER_VERSION="16"

Breaking the 100K/s reads barrier

After implementing support for the multi-threaded client, we were able to get over 100K reads per second.

You may notice after the restart (gap) the performance dropped. This was caused by several bugs: 1. When creating the CF Pipelines endpoint, we did not specify a region. The automatically selected region was far away from the server. 2. The amount of shards were not sufficient, so we increased them. 3. The client overloaded a few HTTP/2 connections with too many requests.

I implemented a feature to assign each Worker its own HTTP client, fixing the 3rd issue. We also moved the entire storage region to West Europe to be closer to the servers.

After these changes, we were able to easily push over 200K reads/s, mostly limited by missing optimizations:

It's shards all the way down

While testing, we also noticed another issue: At certain times, a pipeline would get overloaded, stalling requests for seconds at a time. This prevented all forward progress on the Workers.

We solved this by having multiple pipelines: A primary pipeline meant to be for standard load, with moderate batching duration and less shards, and high-throughput pipelines with more shards.

Each Worker is assigned a pipeline on startup, and if one pipeline stalls, other workers can continue making progress and saturate the DB.

The stress test

After making sure everything was ready for the import, we cleared all data, and started the import.

The entire import lasted 20 minutes between 01:44 UTC and 02:04 UTC, reaching a peak of: - 0.25M requests per second - 0.6M keys read per second - 140MB/s reads from DB - 2Gbps of network throughput

FoundationDB ran smoothly during this test, with: - Read times under 2ms - Zero conflicting transactions - No overloaded servers

CF Pipelines held up well, delivering batches to R2 without any issues, while reaching its maximum possible throughput.

Finishing notes

Me and Fishcake have been building infrastructure around scaling Nostr, from media, to relays, to content indexing. We consistently work on improving scalability, resiliency and stability, even outside these posts.

Many things, including what you see here, are already a part of Nostr.build, Noswhere and NFDB, and many other changes are being implemented every day.

If you like what you are seeing, and want to integrate it, get in touch. :)

If you want to support our work, you can zap this post, or register for nostr.land and nostr.build today.

@ ec9bd746:df11a9d0

🌍 Time Window:

🕘 When: Every even week on Sunday at 9:00 PM CET
🗺️ Where: https://cornychat.com/eurocorn

Start: 21:00 CET (Prague, UTC+1)
End: approx. 02:00 CET (Prague, UTC+1, next day)
Duration: usually 5+ hours.

| Region | Local Time Window | Convenience Level | |-----------------------------------------------------|--------------------------------------------|---------------------------------------------------------| | Europe (CET, Prague) 🇨🇿🇩🇪 | 21:00–02:00 CET | ✅ Very Good; evening & night | | East Coast North America (EST) 🇺🇸🇨🇦 | 15:00–20:00 EST | ✅ Very Good; afternoon & early evening | | West Coast North America (PST) 🇺🇸🇨🇦 | 12:00–17:00 PST | ✅ Very Good; midday & afternoon | | Central America (CST) 🇲🇽🇨🇷🇬🇹 | 14:00–19:00 CST | ✅ Very Good; afternoon & evening | | South America West (Peru/Colombia PET/COT) 🇵🇪🇨🇴 | 15:00–20:00 PET/COT | ✅ Very Good; afternoon & evening | | South America East (Brazil/Argentina/Chile, BRT/ART/CLST) 🇧🇷🇦🇷🇨🇱 | 17:00–22:00 BRT/ART/CLST | ✅ Very Good; early evening | | United Kingdom/Ireland (GMT) 🇬🇧🇮🇪 | 20:00–01:00 GMT | ✅ Very Good; evening hours (midnight convenient) | | Eastern Europe (EET) 🇷🇴🇬🇷🇺🇦 | 22:00–03:00 EET | ✅ Good; late evening & early night (slightly late) | | Africa (South Africa, SAST) 🇿🇦 | 22:00–03:00 SAST | ✅ Good; late evening & overnight (late-night common) | | New Zealand (NZDT) 🇳🇿 | 09:00–14:00 NZDT (next day) | ✅ Good; weekday morning & afternoon | | Australia (AEDT, Sydney) 🇦🇺 | 07:00–12:00 AEDT (next day) | ✅ Good; weekday morning to noon | | East Africa (Kenya, EAT) 🇰🇪 | 23:00–04:00 EAT | ⚠️ Slightly late (night hours; late night common) | | Russia (Moscow, MSK) 🇷🇺 | 23:00–04:00 MSK | ⚠️ Slightly late (join at start is fine, very late night) | | Middle East (UAE, GST) 🇦🇪🇴🇲 | 00:00–05:00 GST (next day) | ⚠️ Late night start (midnight & early morning, but shorter attendance plausible)| | Japan/Korea (JST/KST) 🇯🇵🇰🇷 | 05:00–10:00 JST/KST (next day) | ⚠️ Early; convenient joining from ~07:00 onwards possible | | China (Beijing, CST) 🇨🇳 | 04:00–09:00 CST (next day) | ❌ Challenging; very early morning start (better ~07:00 onwards) | | India (IST) 🇮🇳 | 01:30–06:30 IST (next day) | ❌ Very challenging; overnight timing typically difficult|

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@ 3f68dede:779bb81d

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@ 266815e0:6cd408a5

Hacking on a new obsidian plugin for publishing articles to nostr -- testing updates

Testing images

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![[duck.jpg]]

Testing referencing other articles

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