@ cae03c48:2a7d6671

Bitcoin Magazine

Lyn Ulbricht Launches MACS at the 2025 Bitcoin Conference to Fight Cruel Sentencing

In a powerful statement against unjust sentencing, Mothers Against Cruel Sentencing (MACS), a nonprofit founded by Lyn Ulbricht, officially launched today at the 2025 Bitcoin conference. The group is dedicated to advocating for prisoners serving excessive and inhumane sentences and supporting the families affected by such punishments.

MACS seeks to unite voices from across the political divide and tech community to drive meaningful reform in sentencing laws.

“Multiple thousands of people, many of them nonviolent like Ross, are serving extreme sentences—locked away for years, decades, even lifetimes,” said Ulbricht. “MACS aims to give families a voice to push for fair and reasonable sentencing, where the punishment fits the crime.”

Ulbricht will formally introduce the organization during the Women of Bitcoin Brunch, a major event at the conference that gathers influential women from the Bitcoin world to discuss advocacy, innovation, and impact.

Ross Ulbricht’s Journey: From Life Sentence to Presidential Pardon

Ross Ulbricht became a controversial figure after launching Silk Road in 2011, an online marketplace that used Bitcoin for anonymous transactions. While the site was unfortunately used for selling illegal drugs, it also served as Bitcoin’s first real-world use case, showcasing the power of decentralized, censorship-resistant money.

In 2015, Ulbricht was sentenced to double life imprisonment without the possibility of parole. His punishment quickly became a symbol of government overreach for many in the tech and the Bitcoin world. Critics argued that his sentence far exceeded the limits of justice, especially considering the nonviolent nature of his crimes.

His pardon, announced shortly after Trump returned to office, is seen as a strong move to honor campaign promises and support Bitcoin’s values of personal freedom and resistance to government overreach. It sparked celebration throughout the Bitcoin community but also reminded advocates that the fight for justice is far from over.

The Bitcoin community continues to call for clemency and support for others, including the developers of Samourai Wallet who are facing prosecution for creating privacy tools, and Edward Snowden, who remains in exile for revealing government surveillance programs.

Ross will be giving the keynotes speech at the 2025 Bitcoin Conference on May 29th at 8pm EST. You can watch his speech live here.

This post Lyn Ulbricht Launches MACS at the 2025 Bitcoin Conference to Fight Cruel Sentencing first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ b7274d28:c99628cb

Your identity is important to you, right? While impersonation can be seen in some senses as a form of flattery, we all would prefer to be the only person capable of representing ourselves online, unless we intentionally delegate that privilege to someone else and maintain the ability to revoke it.

Amber does all of that for you in the context of #Nostr. It minimizes the possibility of your private key being compromized by acting as the only app with access to it, while all other Nostr apps send requests to Amber when they need something signed. This even allows you to give someone temporary authority to post as you without giving them your private key, and you retain the authority to revoke their permissions at any time.

nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5 has provided Android users with an incredibly powerful tool in Amber, and he continues to improve its functionality and ease of use. Indeed, there is not currently a comparative app available for iOS users. For the time being, this superpower is exclusive to Android.

Installation

Open up the Zapstore app that you installed in the previous stage of this tutorial series.

Very likely, Amber will be listed in the app collection section of the home page. If it is not, just search for "Amber" in the search bar.

Opening the app's page in the Zapstore shows that the release is signed by the developer. You can also see who has added this app to one of their collections and who has supported this app with sats by zapping the release.

Tap "Install" and you will be prompted to confirm you are sure you want to install Amber.

Helpfully, you are informed that several other users follow this developer on Nostr. If you have been on Nostr a while, you will likely recognize these gentlemen as other Nostr developers, one of them being the original creator of the protocol.

You can choose to never have Zapstore ask for confirmation again with apps developed by nostr:npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5, and since we have another of his apps to install later in this tutorial series, I recommend you toggle this on. Then tap on "Trust greenart7c3 and install app."

Just like when you installed the Zapstore from their GitHub, you will be prompted to allow the Zapstore to install apps, since Android considers it an "unknown source."

Once you toggle this on and use the back button to get back to the Zapstore, Amber will begin downloading and then present a prompt to install the app. Once installed, you will see a prompt that installation was a success and you can now open the app.

From here, how you proceed will depend on whether you need to set up a new Nostr identity or use Amber with an existing private key you already have set up. The next section will cover setting up a new Nostr identity with Amber. Skip to the section titled "Existing Nostrich" if you already have an nsec that you would like to use with Amber.

New Nostrich

Upon opening the application, you will be presented with the option to use an existing private key or create a new Nostr account. Nostr doesn't really have "accounts" in the traditional sense of the term. Accounts are a relic of permissioned systems. What you have on Nostr are keys, but Amber uses the "account" term because it is a more familiar concept, though it is technically inaccurate.

Choose "Create a new Nostr account" and you will be presented with a screen telling you that your Nostr account is ready. Yes, it was really that easy. No email, no real name, no date of birth, and no annoying capcha. Just "Create a new account" and you're done.

The app presents you with your public key. This is like an address that can be used to find your posts on Nostr. It is 100% unique to you, and no one else can post a note that lists this npub as the author, because they won't have the corresponding private key. You don't need to remember your npub, though. You'll be able to readily copy it from any Nostr app you use whenever you need it.

You will also be prompted to add a nickname. This is just for use within Amber, since you can set up multiple profiles within the app. You can use anything you want here, as it is just so you can tell which profile is which when switching between them in Amber.

Once you've set your nickname, tap on "Continue."

The next screen will ask you what Amber's default signing policy should be.

The default is to approve basic actions, referring to things that are common for Nostr clients to request a signature for, like following another user, liking a post, making a new post, or replying. If you are more concerned about what Amber might be signing for on your behalf, you can tell it to require manual approval for each app.

Once you've made your decision, tap "Finish." You will also be able to change this selection in the app settings at any time.

With this setup out of the way, you are now presented with the main "Applications" page of the app.

At the top, you have a notification encouraging you to create a backup. Let's get that taken care of now by tapping on the notification and skipping down to the heading titled "Backing Up Your Identity" in this tutorial.

Existing Nostrich

Upon opening the application, you will be presented with the option to use your private key or create a new Nostr account. Choose the former.

The next screen will require you to paste your private key.

You will need to obtain this from whatever Nostr app you used to create your profile, or any other Nostr app that you pasted your nsec into in the past. Typically you can find it in the app settings and there will be a section mentioning your keys where you can copy your nsec. For instance, in Primal go to Settings > Keys > Copy private key, and on Amethyst open the side panel by tapping on your profile picture in the top-left, then Backup Keys > Copy my secret key.

After pasting your nsec into Amber, tap "Next."

Amber will give you a couple options for a default signing policy. The default is to approve basic actions, referring to things that are common for Nostr clients to request a signature for, like following another user, liking a post, making a new post, or replying. If you are more concerned about what Amber might be signing for on your behalf, you can tell it to require manual approval for each app.

Once you've made your decision, tap "Finish." You will also be able to change this selection in the app settings at any time.

With this setup out of the way, you are now presented with the main "Applications" page of the app. You have nothing here yet, since you haven't used Amber to log into any Nostr apps, but this will be where all of the apps you have connected with Amber will be listed, in the order of the most recently used at the top.

Before we go and use Amber to log into an app, though, let's make sure we've created a backup of our private key. You pasted your nsec into Amber, so you could just save that somewhere safe, but Amber gives you a few other options as well. To find them, you'll need to tap the cog icon at the bottom of the screen to access the settings, then select "Backup Keys."

Backing Up Your Identity

You'll notice that Amber has a few different options for backing up your private key that it can generate.

First, it can give you seed words, just like a Bitcoin seed. If you choose that option, you'll be presented with 12 words you can record somewhere safe. To recover your Nostr private key, you just have to type those words into a compatible application, such as Amber.

The next option is to just copy the secret/private key in its standard form as an "nsec." This is the least secure way to store it, but is also the most convenient, since it is simple to paste into another signer application. If you want to be able to log in on a desktop web app, the browser extension Nostr signers won't necessarily support entering your 12 word seed phrase, but they absolutely will support pasting in your nsec.

You can also display a QR code of your private key. This can be scanned by Amber signer on another device for easily transferring your private key to other devices you want to use it on. Say you have an Android tablet in addition to your phone, for instance. Just make sure you only use this function where you can be certain that no one will be able to get a photograph of that QR code. Once someone else has your nsec, there is no way to recover it. You have to start all over on Nostr. Not a big deal at this point in your journey if you just created a Nostr account, but if you have been using Nostr for a while and have built up a decent amount of reputation, it could be much more costly to start over again.

The next options are a bit more secure, because they require a password that will be used to encrypt your private key. This has some distinct advantages, and a couple disadvantages to be aware of. Using a password to encrypt your private key will give you what is called an ncryptsec, and if this is leaked somehow, whoever has it will not necessarily have access to post as you on Nostr, the way they would if your nsec had been leaked. At least, not so long as they don't also have your password. This means you can store your ncryptsec in multiple locations without much fear that it will be compromised, so long as the password you used to encrypt it was a strong and unique one, and it isn't stored in the same location. Some Nostr apps support an ncryptsec for login directly, meaning that you have the option to paste in your ncryptsec and then just log in with the password you used to encrypt it from there on out. However, now you will need to keep track of both your ncryptsec and your password, storing both of them safely and separately. Additionally, most Nostr clients and signer applications do not support using an ncryptsec, so you will need to convert it back to a standard nsec (or copy the nsec from Amber) to use those apps.

The QR option using an ncryptsec is actually quite useful, though, and I would go this route when trying to set up Amber on additional devices, since anyone possibly getting a picture of the QR code is still not going to be able to do anything with it, unless they also get the password you used to encrypt it.

All of the above options will require you to enter the PIN you set up for your device, or biometric authentication, just as an additional precaution before displaying your private key to you.

As for what "store it in a safe place" looks like, I highly recommend a self-hosted password manager, such as Vaultwarden+Bitwarden or KeePass. If you really want to get wild, you can store it on a hardware signing device, or on a steel seed plate.

Additional Settings

Amber has some additional settings you may want to take advantage of. First off, if you don't want just anyone who has access to your phone to be able to approve signing requests, you can go into the Security settings add a PIN or enable biometrics for signing requests. If you enable the PIN, it will be separate from the PIN you use to access your phone, so you can let someone else use your phone, like your child who is always begging to play a mobile game you have installed, without worrying that they might have access to your Nostr key to post on Amethyst.

Amber also has some relay settings. First are the "Active relays" which are used for signing requests sent to Amber remotely from Nostr web apps. This is what enables you to use Amber on your phone to log into Nostr applications on your desktop web browser, such as Jumble.social, Coracle.social, or Nostrudel.ninja, eliminating your need to use any other application to store your nsec whatsoever. You can leave this relay as the default, or you can add other relays you want to use for signing requests. Just be aware, not all relays will accept the notes that are used for Nostr signing requests, so make sure that the relay you want to use does so. In fact, Amber will make sure of this for you when you type in the relay address.

The next type of relays that you can configure in Amber are the "Default profile relays." These are used for reading your profile information. If you already had a Nostr identity that you imported to Amber, you probably noticed it loaded your profile picture and display name, setting the latter as your nickname in Amber. These relays are where Amber got that information from. The defaults are relay.nostr.band and purplepag.es. The reason for this is because they are aggregators that look for Nostr profiles that have been saved to other relays on the network and pull them in. Therefore, no matter what other relay you may save your profile to, Amber will likely be able to find it on one of those two relays as well. If you have a relay you know you will be saving your Nostr profiles to, you may want to add it to this list.

You can also set up Amber to be paired with Orbot for signing over Tor using relays that are only accessible via the Tor network. That is an advanced feature, though, and well beyond the scope of this tutorial.

Finally, you can update the default signing policy. Maybe after using Amber for a while, you've decided that the choice you made before was too strict or too lenient. You can change it to suit your needs.

Zapstore Login

Now that you are all set up with Amber, let's get you signed into your first Nostr app by going back to the Zapstore.

From the app's home screen, tap on the user icon in the upper left of the screen. This will open a side panel with not much on it except the option to "sign in." Go ahead and tap on it.

You will be presented with the option to either sign in with Amber, or to paste your npub. However, if you do the latter, you will only have read access, meaning you cannot zap any of the app releases. There are other features planned for the Zapstore that may also require you to be signed in with write access, so go ahead and choose to log in with Amber.

Your phone should automatically switch to Amber to approve the sign-in request.

You can choose to only approve basic actions for Zapstore, require it to manually approve every time, or you can tell it that you "fully trust this application." Only choose the latter option with apps you have used for a while and they have never asked you to sign for anything suspicious. For the time being, I suggest you use the "Approve basic actions" option and tap "Grant Permissions."

Your phone will switch back to the Zapstore and will show that you are now signed in. Congratulations! From here on out, logging into most Nostr applications will be as easy as tapping on "Log in with Amber" and approving the request.

If you set up a new profile, it will just show a truncated version of your npub rather than the nickname you set up earlier. That's fine. You'll have an opportunity to update your Nostr profile in the next tutorial in this series and ensure that it is spread far and wide in the network, so the Zapstore will easily find it.

That concludes the tutorial for Amber. While we have not covered using Amber to log into Nostr web apps, that is outside the scope of this series, and I will cover it in an upcoming tutorial regarding using Amber's remote signer options in detail.

Since you're already hanging out in the Zapstore, you may as well stick around, because we will be using it right out the gate in the next part of this series: Amethyst Installation and Setup. (Coming Soon)

@ 21335073:a244b1ad

The other day, I had the privilege of sitting down with one of my favorite living artists. Our conversation was so captivating that I felt compelled to share it. I’m leaving his name out for privacy.

Since our last meeting, I’d watched a documentary about his life, one he’d helped create. I told him how much I admired his openness in it. There’s something strange about knowing intimate details of someone’s life when they know so little about yours—it’s almost like I knew him too well for the kind of relationship we have.

He paused, then said quietly, with a shy grin, that watching the documentary made him realize how “odd and eccentric” he is. I laughed and told him he’s probably the sanest person I know. Because he’s lived fully, chasing love, passion, and purpose with hardly any regrets. He’s truly lived.

Today, I turn 44, and I’ll admit I’m a bit eccentric myself. I think I came into the world this way. I’ve made mistakes along the way, but I carry few regrets. Every misstep taught me something. And as I age, I’m not interested in blending in with the world—I’ll probably just lean further into my own brand of “weird.” I want to live life to the brim. The older I get, the more I see that the “normal” folks often seem less grounded than the eccentric artists who dare to live boldly. Life’s too short to just exist, actually live.

I’m not saying to be strange just for the sake of it. But I’ve seen what the crowd celebrates, and I’m not impressed. Forge your own path, even if it feels lonely or unpopular at times.

It’s easy to scroll through the news and feel discouraged. But actually, this is one of the most incredible times to be alive! I wake up every day grateful to be here, now. The future is bursting with possibility—I can feel it.

So, to my fellow weirdos on nostr: stay bold. Keep dreaming, keep pushing, no matter what’s trending. Stay wild enough to believe in a free internet for all. Freedom is radical—hold it tight. Live with the soul of an artist and the grit of a fighter. Thanks for inspiring me and so many others to keep hoping. Thank you all for making the last year of my life so special.

@ 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.

@ f85b9c2c:d190bcff

Growing up, we’re often taught that failure is something to avoid at all costs. The educational system, in particular, has ingrained in us the notion that failure is not just undesirable but downright bad. But what if I told you that this perspective might be the very thing holding us back from achieving true success?

But Schools Taught Us "Failure is Bad". From our earliest school days, we learned that mistakes on tests, failing a grade, or not meeting expectations could lead to disappointment or even punishment. This conditioning often translates into a fear of failure that persists into adulthood. But let’s reflect on some wisdom from those who’ve walked this path before us: 1.Thomas Edison once famously remarked, "I have not failed. I’ve just found 10,000 ways that won’t work." This statement reflects the essence of seeing failure not as a dead-end but as part of the journey to innovation.

2.Oprah Winfrey shares a perspective that resonates deeply with me, saying, "The more you praise and celebrate your life, the more there is in life to celebrate." This celebrates the process, including the failures, as part of the life’s journey, not just the successes.

1. J.K. Rowling, before becoming one of the world’s most beloved authors, faced rejection after rejection. She once said, "It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all." Her words remind us that living fully means embracing failure as part of the adventure.

I remember vividly my first real brush with failure. It was during my college years when I decided to launch a small business selling eco-friendly products. The business flopped spectacularly. I was devastated, thinking that all my efforts had been for naught. But looking back, that failure was one of the best teachers I ever had. It taught me about market research, resilience, and the importance of adaptability - lessons I carried into every subsequent endeavor. Here are some life lessons I've gleaned from my own failures: Failure Teaches Resilience: Each time you fail, you’re not just knocked down; you’re being trained to get back up stronger. Resilience is not about never falling but about how quickly you recover. Innovation Often Comes from Failure: Many of the products we take for granted today were born from numerous failed attempts. Failure forces us to think differently, to innovate. Failure Clarifies Your Path: Sometimes, it’s only through failing that you realize what you truly want or what doesn’t work for you. It can redirect you towards your true calling or passion. Failure Humanizes Us: It keeps us grounded, humble, and connected to others who are also on their journey of trial and error. So, if you’re reading this and feeling discouraged by a recent setback, remember that failure isn’t a sign of defeat. It’s an invitation to grow, learn, and eventually succeed in ways you might not have imagined. Let’s reframe our understanding of failure, not as the end, but as one of many steps on the path to success. After all, every master was once a beginner who made mistakes, learned from them, and kept moving forward. So whenever you fail at something, learn a lesson from it and get back up. Never stay down.

@ f85b9c2c:d190bcff

Staking and mining are both “consensus mechanisms.” They are used to confirm that transactions are legitimate and that nobody is for example trying to spend the same coins more than once.

What is staking? Staking is a way of earning interest on your cryptocurrency by depositing it for a fixed period of time. The term staking refers to the Proof of Stake or “PoS” protocol, in which deposited coins are used to verify transactions on the blockchain.

What is mining? Mining functions under a Proof of Work protocol, where miners compete to solve cryptographic puzzles. However, mining uses a lot of computing power and a lot of energy.

Conclusion The staking process has a lot to offer for both those involved in the world of crypto and those outside of it. Stakers can earn interest on their cryptocurrency holdings, potentially increase the value of their coins, and contribute to a healthy crypto community. They may enjoy faster transaction times relative to those offered by Proof of Work cryptocurrencies. For those who choose to stake on their own, the cost of setting up and running a staking node is far less than what you would need to spend on a mining rig. In other words, staking is profitable, efficient, and good for the environment. Sounds good, right? All that’s left is to get started.

@ 491afeba:8b64834e

Quando adolescente eu acreditava na coerência da teoria de "amor líquido" do polonês, sociólogo, Zygmunt Bauman, apresentada no livro "Amor Líquido: Sobre a Fragilidade dos Laços Humanos", qual no meu amadurecimento em estudos, sejam eles no meio acadêmico ou fora, percebo como uma das formas mais rasas de explicar as mudanças e transformações dos padrões de relações sócio-afetivas dos humanos. A seguir colocar-me-ei na minha juventude não tanto recente, direi então que nós, se adolescentes e conservadores, ou mesmo jovens adultos mais conservadores, costumamos levar como dogma uma óptica decadentista generalizada de todos os avanços de eras dos homens, universalizamos por nos ser comum a indistinção entre humanidade e humanidades, ou mesmo "humanity" e "humankind" ("humanidade" como espécime e "humanidade" como um universal), compreendemos toda "essas" como "essa" e indistinguimos as sociedades para com os homens, ou seja, a incapacidade de definir os seres dentro de suas respectivas singularidades e especificidades nos leva ao decadentismo generalista (a crença de que de forma geral, e universal, a "civilização universal" decai moralmente, éticamente, materialmente e espiritualmente), que aparente à nós determinadas mudanças nas relações humanas quanto ao caráter sócio-afetivo, por falta de profundidade e critérios ainda sobre questões alinhadas aos métodos e coerências, ou incoerências, lógicas, nós se jovens e conservadores somos levados ao engodo de concordar com a teoria do amor líquido de Bauman, que devo cá explicar de antemão: trata ela, a teoria, o padrão de "amor" dos tempos presentes como frágil, de prazo (curto e médio) e diferente em grau comparativamente ao amor comum das eras passadas.

Aos jovens mais progressistas opera uma compreensão dialética sobre as eras dos homens nos seu tempo presente, na qual ao tempo que o ser progride ele também regride simultaneamente, ou seja, a medida que aparecem contradições advindas de transformações materiais da realidade humana o ser supera essas contradições e progride em meio as transformações, ainda fazendo parte da lógica dessa indissociavelmente, assim constantemente progredindo e regredindo, havendo para esses dois vetores de distinção: o primeiro é o que releva questões espirituais como ao caráter do pensamento "new age", o segundo ignora essas questões por negar a existência da alma, seguem ao materialismo. Cedem em crer na teoria baumaninana como dogma, pois não encontram outros meios para explicar as transformações da sociedade na esfera sócio-afetiva sem que haja confrontamento direto com determinadas premissas assim pertinemente presentes, ou por não conciliarem com análises relativamente superiores, como a de Anthony Giddens sobre a "relação pura" em "A Transformação da Intimidade" e de François de Singly apresentada em "Sociologie du Couple".

https://i.pinimg.com/736x/6f/b4/9e/6fb49eda2c8cf6dc837a0abfc7e108e6.jpg

Há um problema quando uma teoria deixa de assim ser para vir a tornar-se mais um elemento desconexo da ciência, agora dentro da cultura pop, se assim podemos dizer, ou da cultura de massa, ou se preferirem mesmo "anticultura", esse problema é a sua deformização teórica, tornando-se essa rasa para sua palatabilidade massiva, somada a incapacidade de partes da sociedade civil em compreender as falhas daquilo que já foi massificado. Tive surpresa ao entender que muitos outros compartilham da mesma opinião, a exemplo, possuo um amigo na faculdade, marxista, que ao falarmos sobre nossos projetos de pesquisa, citou ele o projeto de um de nossos colegas, no qual esse referido um de nossos colegas faria seu projeto com base na teoria do amor líquido de Bauman, então alí demos risada disso, ora, para nós a teoria baumaniana é furada, passamos a falar sobre Bauman e o motivo pelo qual não gostávamos, lá fiquei até surpreso em saber que mais gente além de mim não gostava da teoria de Bauman, pois ao que eu via na internet era rede de enaltecimentos à figura e à sua teoria, tal como fosse uma revelação partindo de alguma divindade da Idade do Bronze. Pouco tempo depois tive em aula de teoria política uma citação de Bauman partindo do professor que ministrava a disciplina, no entanto, ao citar o nome de Bauman o mesmo fez uma feição na qual aparentava segurar risada, provavelmente ele também não levava Bauman à sério. Não devo negar que todas as vezes que vejo o sociólogo sendo citado em alguma nota no X, no Instagram ou qualquer outra rede social, tal como fosse um referencial teórico bom, sinto uma vergonha alheia pois alí tenho uma impressão de que a pessoa não leu Bauman e usa o referencial teórico como um fato já assim provado e comprovado.

Há pontos positivos na teoria baumaniana, como a capacidade de perceber o problema e correlacioná-lo à modernidade, assim como sucitar a influência do que há de material no fenômeno, porém os erros são pertinentes: o primeiro problema é de categoria. Não há, por parte de Bauman noção alguma entre as dissociações dos amores, não há atenção sobre o amor como estrutura ou ele como um sentimento, todo ele é compreendido uniformemente como "amor", partindo do pressuposto que todas as relações, todas elas, são firmadas com base no amor. Essa crença tem uma origem: Hegel. Nos Escritos Teológicos Hegel partia da crença que o amor ligava os seres relacionalmente como uma força de superação e alienação, mas há de compreendermos que esse Friedrich Hegel é o jovem ainda pouco maduro em suas ideias e seu sistema de pensamento, mais a frente, em "Fenomenologia do Espírito e na Filosofia do Direito", Hegel compreende a institucionalidade do direito no amor e a institucionalização dessa força, assim aproxima-se da realidade a respeito da inserção do amor nas esferas práticas do humano, porém essa ideia, apesar de imperfeita, pois ao que sabemos não é o amor que consolida a relação, mas sim a Verdade (Alétheia), conforme apontado por Heidegger em "Ser e Tempo", essa ideia do amor como a fundamento das relações humanas influenciou, e até hoje influencia, qualquer análise sobre as relações humanas fora da esfera materialista, fora dessa pois, melhormente explicado em exemplo, os marxistas (em exemplo), assim como Marx, consideram como base primordial das relações as condições materiais.

Por certo, não é de todo amor a base para a solidificação, ora, erram aqueles que creem que somente essa força, assim apontada por Hegel, constituiam todos os relacionamentos formais como pilares fundamentais, pois em prática as famílias eram até a fiduciarização dessas, por mais paradoxal que seja, compreendidas melhor como instituições orgânicas de caráter legal do que conluios de afetividades. A família outrora tinha consigo aparelhos de hierarquia bem estabelicidos, quais prezavam pela ordem interna e externa, que acima dessa instituição estava somente a Igreja (outra instituição), com sua fiduciarização [da família] após o movimento tomado pelos Estados nacionais em aplicação do casamento civil mudou-se a lógica das partes que a compõe, findou-se o princípio da subsidiariedade (não intervenção de determinadas instituições nas decisões quais podem ser exercidas em resuluções de problemas nas competências de quaisquer instituições), foi-se então, contudo, também a autoridade, e nisso revela-se um outro problema não apontado na teoria de Bauman: qual o padrão do amor "sólido"? Pois, ora, sociedades tradicionais não abdicavam do relevar dos amores para tornar seus filhos em ativos nas práticas de trocas (dádivas)? É notório que esse padrão se dissocia do padrão de sentimento apontado por Bauman, encontramos esse fato em estudo nos trabalhos "Ensaio Sobre a Dádiva", do Marcel Mauss, e "As Estruturas Elementares do Parentesco", do Claude Levi-Strauss, quais expõem que nas sociedades "sólidas", tradicionais, relevava-se mais questões institucionais que as sentimentais para a formação de laços (teoria da aliança). Muitas das relações passadas não eram baseadas no amor, não significando assim que as de hoje, em oposição, sejam, mas que permanecem-se semelhantes em base, diferentemente em grau e forma.

https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F748b94c3-f882-45db-8333-09260ef15cfe_615x413.jpeg

Ora, ainda existem casamentos motivados pela política, pelo status, pelo prestígio, pelos bens, pelo poder, pela influência familiar e assim sucetivamente, tal como no passado, ocorre que essa prática tornou-se oculta, não mais explícita e aparente, devo dizer ainda que em partes, pois prepondera em nosso tempo uma epidemia de adultérios, fornicações, práticas lascivas e demais práticas libertinosas explicitamente, em contraposição às práticas ocultas em vergonhas de sociedades sem declínio moral e espiritual, o que nos leva a questionar o método comparativo em dicotomia temporal "presente x passado" aplicado por Bauman, no qual segue-se da seguinte forma:

                     Transformação
Passado = *sólido* | Presente = *líquido*

Categorias
Padrão de amor: tradicional (*sólido*)
                            moderno (*líquido*)

*Sólido* = estável, prazo (médio-grande), profundo, determinado.
*Líquido* = instável, prazo (curto-médio), raso, indeterminado.

O que penso é: Zygmunt Bauman buscou uma explicação material e laical para desviar ao fato de que há uma notória correlação entre espiritualização da sociedade, se voltada à Verdade, com a estabilidade das instituições, o que é já reduzido à moral religiosa, somente, não à mística, como por pensadores da linha de Tocqueville, ou em abordagens também mais laical (positivista) porém ainda relevantes, como Émile Durkheim em "As Formas Elementares da Vida Religiosa" e Max Weber em "A Ética Protestante e o Espírito do Capitalismo", contrapondo uma abordage mais voltada, de fato, a espiritualidade, como Christopher Dawnson, que defende essa teoria em "Religião e o Surgimento da Cultura Ocidental", e Eric Voegelin, principalmente nas obras "A Nova Ciência da Política" e "Ordem e História".

Encerrando, minha cosmovisão é a católica, o sistema de crença e religião qual sigo é do Deus que se fez homem por amor aos seus filhos, não posso negar ou mesmo omitir o fato de que, por trás de toda a minha crítica estão meus pensamentos e minhas convicções alinhadas àquilo que mais tenho amor em toda minha vida: a Verdade, e a Verdade é Deus, pois Cristo é a Verdade, o Caminho e a Vida, ninguém vai ao Pai se não por Ele, e pois bem, seria incoerência de minha parte não relevar o fato de crença como um dos motivos pelos quais eu rejeito a teoria do amor líquido de Zygmunt Bauman, pois os amores são todos eles praticados por formas, existem por diferentes formas e assim são desde sua tradicionalidade até o predomínio das distorções de declínio espiritual das eras presentes (e também antigas pré-Era Axial), estão esses preservados pelo alinhamento à verdade, assim são indistorcíveis, imutáveis, ou seja, amor é amor, não releva-se o falso amor como um, simplesmente não o é, assim o interesse, a sanha por bens, o egoísmo e a egolatria ("cupiditas", para Santo Agostinho de Hipona, em oposição ao que o santo e filósofo trata por "caritas") não são formas do amor, são autoenganos, não bons, se não são bons logo não são de Deus, ora, se Deus é amor, se ele nos ama, determino como amor (e suas formas) o que está de acordo com a Verdade. Aprofundando, a Teologia do Corpo, do Papa São João Paulo II, rejeita a "liquidez" apresentada por Bauman, pois o amor é, em suma, sacríficio, parte da entrega total de si ao próximo, e se não há logo não é amor. A Teologia do Corpo rejeita não os fundamentos de mentira no "líquido", mas também no "sólido", pois a tradicionalidade não é sinônimo de bom e pleno acordo com o amor que Deus pede de nós, não são as coerções, as violências, as imposições e demais vontades em oposição às de Deus que determinam os amores -- fatos em oposição ao ideário romanticizado. Claro, nem todas as coerções são por si inválidas do amor, ou mesmo as escolhas em trocas racionalizadas, a exemplo do autruísmo em vista da chance da família ter êxito e sucesso, ou seja, pelo bem dos próximos haver a necessidade de submissão a, em exemplo, um casamento forjado, ou algo do gênero, reconhece-se o amor no ato se feito por bem da família, porém o amor incutido, nesse caso, explicita o caráter sacrificial, no qual uma vontade e um amor genuinamente potencial em prazeres e alegrias são anulados, ou seja, mesmo nesse modelo tradicional na "solidez" há possibilidade do amor, não nas formas romanticizadas em critérios, como "estabilidade" e "durabilidade", mas no caráter do sacríficio exercido. Conforme nos ensina São Tomás de Aquino, o amor não é uma "força", tal como ensina Hegel, mas sim uma virtude teologal conforme na "Suma Teológica" (II-II Q. 26-28), não devemos reduzir o amor e os amores em análises simplórias (não simples) de falsa complexidade extraídas em métodos questionáveis e pouco competentes à real diensão de crise espiritual das eras, por esse motivo não concordo com a teoria do amor líquido de Zygmunt Bauman.

@ 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.

@ a19caaa8:88985eaf

インターネット、だいすき！

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レスバって？

• たのしさ（ちゃぴにきく）

ちがい

• タイプもきく？それはダルい？

さけるには

• ちゃぴにきく

“思い遣る”のと“邪推する”のは違う

• でもそう捉えたんだから仕方ないじゃん（自分の気持ちも大事にする）（バランス）（またあ？）
• 「意見単体」として見ているか、「そのひとから発された言葉」として見ているかの違い？

• 自分の理想をひとに押し付けない

• それはそれとして、社会に疲れて深く潜りにきて、同じように深いとこに居るひとと手を振り合ったり、そのあり方を見て吸収したりしたいのに、バトルに巻き込まれるの、不憫すぎる

• インスタくんはえらいなあ、「このひとにストーリーズを表示しない」ができて
• 自分はそんなつもり無くても、始まってしまった以上、責任がある気がしてしまって、相手がどうして欲しいかを考え始めてしまい、消耗する
• 社会じゃん
• EなのにEしづらい環境のひとたちの捌け口になる必要は無い
• 海は広い

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Well Integrates Nostr BTC Purchases via DMs

Bitcoin Well Inc. (TSXV: BTCW; OTCQB: BCNWF) has launched an integration with Nostr, allowing US customers to buy bitcoin directly through direct messages on the decentralized social protocol, according to a press release sent to Bitcoin Magazine.

Users can link their Nostr identifier (npub) to their Bitcoin Well account and purchase bitcoin by sending specific commands via direct message. The transactions draw from the user’s Cash Balance and send the purchased bitcoin to their existing Lightning Wallet for security.

Nostr is a decentralized social media protocol which is censorship resistant and runs on a network of relays, rather than centralized servers. This means that the users have full control over their message servers. It also adds a layer of protection for the customer’s privacy.

The integration simplifies the process of buying bitcoin by allowing users to make purchases directly through a social platform they already use. As a censorship-resistant protocol, Nostr ensures Bitcoin Well and its customers have full control, avoiding restrictions and potential censorship.

“This is a great achievement for our team!” said founder and CEO of Bitcoin Well Adam O’Brien. “We are deeply committed to make buying bitcoin directly to self custody better than using a custodial exchange. This is a huge step in the right direction. We are meeting bitcoiners where they are and allowing them to buy bitcoin safely.”

Users can link their npub to their Bitcoin Well account to enable bitcoin purchases via direct message. Commands like /buy $21.00 or /stack 69000 sats initiate a transaction, which is confirmed by sending /confirm. The purchase uses funds from the user’s Bitcoin Well Cash Balance, and bitcoin is delivered over the Lightning Network to a pre-registered wallet address.

This post Bitcoin Well Integrates Nostr BTC Purchases via DMs first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ cae03c48:2a7d6671

Bitcoin Magazine

The Bitcoin Mempool: Private Mempools

In the last Mempool article, I went through the dynamics of transaction propagation when different nodes on the network are running different mempool relay policies. In this piece I’ll be looking at the dynamics of private mempools, and the implications that has for the utility of the public mempool, mining incentives, and the health of the Bitcoin network overall. 

At the heart of the purpose of the mempool is facilitating the aligned incentives of two different parties, miners and transacting users. Users want to transact, and are willing to pay miners’ transaction fees in order to do so. Miners want to make money, and transaction fees are an additional source of revenue in addition to the new coin subsidy in each block, as well as a necessary primary revenue source to cultivate in the long term as the subsidy dwindles. 

Bitcoin is a system secured by incentives. This core dynamic is what drives the security of the system, you have a customer(s) and a provider, and the two of them attempting to fulfill their wants and needs is what ensures the blockchain continues ticking forward with a sufficient amount of thermodynamic security. 

Attempts to introduce friction into this facilitation mechanism does not ultimately do anything at all to change the incentives of these two parties. A user who wants to make a certain kind of transaction is still going to want to make that transaction, and pay for it. A miner who is willing to accept those kinds of transactions is still going to want to accept them, and collect the fee by including them in a block. 

If the transaction is valid, then these two parties are still going to have their unmet wants and needs, and are still going to be strongly motivated to meet them in some form or fashion. 

Miner API

Individual end users are not necessarily capitalized enough or competent enough in order to route around friction artificially introduced between both ends of a coincidence of wants, but miners most definitely are. As the old adage goes, “if you build it, they will come.”

The preferential situation for miners is obviously to acquire fee paying transactions in-band through the public mempool. It requires the lowest overhead possible for them, simply running a standard Bitcoin client out of the box, it is a very resilient propagation mechanism that ensures a very high degree of reliability in getting miners the highest fee paying transactions, and they don’t have to do anything. Just download the client and run it. 

However, in a very hostile environment such as a network wide effort to filter consensus valid transactions during their propagation across the network, that traditional assumption can be drawn into question. 

In such a scenario miners have every incentive to set up out-of-band mechanisms for accepting transactions that are not properly being relayed across the network. Marathon’s Slipstream API for non-standard transactions is not the only example of this. There is in fact a long standing precedent from almost ten years ago that was widely implemented by many mining pools, and still exists to this day. Transaction accelerators. 

We now live in a world of Full-RBF, where any transaction, regardless of using the historical “opt-in” flag, can be fee-bumped. Any node who has upgraded to Full-RBF will relay any transaction that is spending an unconfirmed output already pending in the mempool as long as it is paying a higher fee. This has not always been the case. Historically only transactions that were originally made with a flag to opt-in to RBF use could be replaced and expected to propagate across the network. 

Transaction accelerators were created by miners in order to facilitate this behavior for transactions that did not opt-in to RBF use. 

Third Party APIs

While the overhead is not exorbitantly high for a miner or pool to create their own transaction submission API, it isn’t free. It still does require at least one developer and time to go through the design and release cycle of any piece of software. The curve isn’t particularly exaggerated, but it still does favor larger miners over smaller ones in terms of how much resources they will have to devote to such an endeavor. 

Mempool.space has proven that it is a viable endeavour for a third party unrelated to miners to create such an API, allowing miners to simply connect to their service rather than expend the effort to create one themselves from scratch. This does have its issues though, such a third party is not going to build and operate such a service for free. They will want their cut. 

There are two ways that this dynamic can go, either these services wind up requiring a higher cost in order to allow both the miners and service providers to earn revenue, or miners will have to share a smaller cut of the revenue in order for such services to remain competitive with directly miner operated ones. This means miners using a third party submission API rather than their own will earn less revenue than the miners operating their own API. 

Private Order Flow

Either of the above possibilities introduces serious problems when it comes to the overall system incentives, reliability of end-user software, and potentially even the security model of second layer systems that rely on the use of pre-signed transactions and a reactive security model in order to keep user funds safe. 

When transactions are submitted to a private API, they are not visible to network participants until they are actually confirmed in a block. The entire queue of unconfirmed transactions making use of these systems is opaque. This could be made public by the operators of these APIs, but not in a trustless fashion. There is no way to prove or guarantee that operators are not withholding information. 

Withholding transactions from public view could distort fee estimates that users make, and even open the door to the possibility of manipulating those feerates by stuffing blocks with their own transactions. Transactions used in the operation of second layer systems could be withheld from public view until confirmation, which can delay users ability to react to transactions they must respond to in order to guarantee the security of their funds. 

Lastly, just the existence of such APIs if the demand or need for them is high enough is a massive centralization pressure. Having to handle connecting to each individual API to submit a transaction is a hassle, poor UX, and potential back end complexity. This tends to reinforce the use of the largest API(s) and ignoring the tailend, which creates a feedback loop. 

The API operators with the largest hashrate will have the quickest and most reliable confirmations, guaranteeing only those largest miners reliably earn this extra revenue, giving them more capital to grow larger, etc. 

Parallel Mempools

On the other end of the spectrum is the possibility of creating totally independent public relay networks. While this does replicate the current openness of the existing public mempool, and avoids the worst of the centralizing pressures of central APIs, it still is not ideal. 

Having multiple mempools introducing complexity for miners, for end users, and for end user applications. Users now need to keep track of all the independent mempools, especially ones used for systems they interact with that are not propagated over the primary relay network, in order to have a view of unconfirmed transactions. 

If Lightning (or some other Layer 2) were to start making use of a parallel mempool, tracking it would be critical for any user of Lightning (or that other Layer 2). It would also be necessary to track all of the parallel relay networks in order to have an accurate view of the other unconfirmed transactions you are bidding against for inclusion in the next block. Tracking only a subset of them would lead to potentially large margins of error in any users fee estimation. 

You Just Make Things Worse

Trying to prevent transactions with willing fee paying users without addressing them at the consensus level is just not possible. Bitcoin is an engine driven by incentives, and when the incentives of multiple parties align they will be facilitated in one form or another. 

Trying to pretend that is not the case, and that things can be stopped, disincentivized, or otherwise delayed is a fool’s errand. Not only that, but trying at any serious scale comes with very serious negative consequences, in addition to being doomed to fail. 

Bitcoin’s consensus rules are the framework in which incentives are played out. The only thing that can trump incentives is changing that framework. It is literally what informs and shapes the incentives in the first place. 

Trying to interfere with those incentives at any other layer is a fool’s errand, and can do nothing but exacerbate the negative outcomes driven by incentives, i.e. centralization.

This post The Bitcoin Mempool: Private Mempools first appeared on Bitcoin Magazine and is written by Shinobi.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Procena vrednosti
2. Većina Bitcoin-ovih pozitivnih strana opstaje
3. Broj ljudi koji su prihvatili Bitcoin
4. Zaključak

Prošlo je trinaest godina od nastanka Bitcoina i lako je poverovati da je većina njegovog rasta iza njega. Deo ovoga je rezultat predrasude koju svi delimo i što nas navodi da zamislimo trenutno stanje stvari kao završni stepen njegovog razvoja. Svaki bitcoiner je nekad mislio da je prekasan sa Bitcoin-om. Međutim, kada primenjujemo kritičko razmišljanje da bismo procenili gde je Bitcoin u svojoj putanji rasta, otkrivamo da je suprotno u stvari tačno: još uvek je vrlo, vrlo rano.

Postoje dva načina da razmišljate o tome koliko je rano za Bitcoin kao zalihu vrednosti neke imovine:

1. Procena vrednosti kao procenat od njegovog punog potencijala

2. Prihvatanje kao procenat od njegovog punog potencijala (na čemu je fokus u ovom članku).

Procena vrednosti

Prvi i najčešći način da se proceni koliko je rano za Bitcoin je da se pogleda njegova ukupna vrednost (trenutno oko 900B USD) i uporedi sa njegovim punim potencijalom. Izazov sa ovim je očigledno da je puni potencijal Bitcoin-a stvar nagađanja. Oni koji duboko razumeju Bitcoin imaju tendenciju da njegov potencijal posmatraju barem kao potencijal zlata (oko 13T USD), ali teoretski više poput 200T USD (oko polovine ukupne vrednosti sveta).

Za brzi pregled ovog potencijala od 200T USD, pogledajmo ukupno raspoloživo tržište Bitcoin-a. Radi jednostavnosti, samo ćemo razmotriti njegovu ulogu zalihe vrednosti i zanemariti njegov potencijal da pojede tržišni udeo od oko 100T USD ukupne vrednosti u različitim svetskim valutama. Uzimajući u obzir različite zalihe vrednosne imovine i grubom procenom koliki bi % Bitcoin mogao da uzme od njih, dobili smo ovakav rezultat:

Iako put do 200T USD nije veliko rastezanje, u stvarnoj vrednosti čini se previše dobrim da bi bio istinit. Sa obzirom da je bez presedana da zaliha vrednosti neke robe postigne vrednost veću od zlata, to jednostavno predstavlja neistraženu teritoriju. Ali čak i ako se jednostavno pridržavamo targetiranja niže ciljne vrednosti zlata od 13T USD, Bitcoin još uvek tendenciju velikog porasta svoje cene u budućnosti.

Većina Bitcoin-ovih pozitivnih strana opstaje

Svako ko razmišlja da nešto svog teško zarađenog novca uskladišti u Bitcoin pita se „da li sam poranio ili zakasnio?“ Nepisano je pravilo da se svako oseća kao da je zakasnio kad stigne. Brojni su primeri ljudi koji žale kako su zakasnili 2011. ili 2013. ili 2016. godine, kada je cena Bitcoin-a bila 5, 100, odnosno 600 USD.

Kao i u bilo kojoj zajednici koja se razvija i raste i u kojoj ima manjka nekretninama, pridošlice zavide ljudima koji su već obezbedili sebi nekretninu, ne sluteći da će njima zavideti ljudi koji tek treba da dođu. Ovaj fenomen je primenjiv i na velikom broju drugih primera. Na primer, zakasneli u Kalifornijskoj zlatnoj groznici bili su razočarani kada su došli, a bogata zlatna polja su već bila iscrpljena, i umesto toga su se naseliti na nekoliko stotina hektara zemljišta, a koje sada vrede bogatstvo.

U srcu ovog osećanja je strah da više nema uspona, da više nema novca koji se može zaraditi uzimajući ono što je još uvek ostalo dostupno. Da li smo dostigli tu tačku sa Bitcoin-om?

Pa ne. Čini se da je zapravo suprotno. Na osnovu punog potencijalnog opsega procene koji smo utvrdili gore, čak i u ishodu niskog nivoa (13T USD), velika većina bogatstva koje će steći vlasnici Bitcoin-a, tek treba da se stekne (96%). Da bi parirao proceni zlata, Bitcoin i dalje mora da poraste 26 puta.

A ako se desi vrhunski ishod, punih 99,7% ukupnog stvaranja bogatstva Bitcoin-a ostaje pred nama. To bi značilo da Bitcoin još uvek treba da poraste 400 puta, zanemarujući pariranje zlatu.

Stavljanjem trenutne vrednosti Bitcoin-a u perspektivu, postaje jasno da je za Bitcoin još uvek vrlo rano.

Iako ova analiza sugeriše da za Bitcoin-u ostaje od 26x do 400x rasta, korisno je proveriti ovaj zaključak kroz drugo razumno objašnjenje, a tamo gde je poznat puni potencijal…

Broj ljudi koji su prihvatili Bitcoin

Procene broja vlasnika Bitcoin-a širom sveta se veoma razlikuju. To je dovelo do prilične količine dvosmislenosti i nesigurnosti u vezi sa stvarnim brojevima i određenog stepena odustajanja i mišljenja da je taj broj jednostavno preteško precizno proceniti. Iako je teško utvrditi konačan broj, glavni razlog za odstupanje u procenama je nedostatak standardizovanih definicija šta znači prihvatanje Bitcoin-a.

Istina je da postoje različiti nivoi prihvatanja Bitcoin-a. Podelom na segmente prihvatanja Bitcoin-a lakše je uvideti ne samo zašto postoji širok opseg procena, već i još važnije, koliko je još uvek rano za prihvatanje Bitcoin-a kao preferirane zalihe vrednosti.

U ove svrhe, hajde da podelimo u segmente prihvatanje Bitcoin-a na četiri različita „nivoa“:

1. Kežual amateri (prstom u vodi)

2. Alokatori 1% (stopalima u vodi)

3. Značajni vernici (do pojasa u vodi)

4. Bitcoin maximalisti (u vodi preko glave)

Pre nego što počnemo, potreban nam je imenilac. Mogli bismo da koristimo globalno stanovništvo, ali po mom mišljenju ovo daje loše rezultate. Ono što mi zaista procenjujemo je koji procenat sveta koji poseduje odredjeno bogatstvo za skladištenje u Bitcoin-u, je to i učinio. Prema podacima sa sajta Statista, 2,2 biliona ljudi na svetu poseduje najmanje 10k USD u neto vrednosti, što se čini kao razumna granica za zalihu koju žele da uskladište. Činjenica je da će siromašne zajednice takođe koristiti Bitcoin kao zalihu vrednosti i verovatno će iz njega izvući veću korist kao rezultat marginalnog pristupa tradicionalnoj bankarskoj infrastrukturi kao klijenti banaka sa „niskom vrednošću“. Međutim, u naše svrhe, jednostavno gledamo koliko je ljudi usvojilo Bitcoin među grupama sa značajnim bogatstvom za skladištenje, tako da će 2.2 biliona služiti kao naša puna potencijalna veličina tržišta.

1. Kežual amateri

Ovaj segment ljudi koji su prihvatili Bitcoin uključuje sve one koji imaju bilo koju količinu Bitcoin-a – vašeg prijatelja sa 20 USD BTC-a negde u nekom novčaniku ili vašu tetku koja se ne seća svoje Coinbase lozinke iz 2017. Po mom mišljenju, najveća zabuna oko broja ljudi koji su prihvatili Bitcoin nastaje zbog poistovećivanja „kežual amatera“ sa ljudima koji su u potpunosti prihvatili Bitcoin. Realnost je takva da ljudi ovog segmenta uglavnom samo eksperimentišu, bilo da bi stekli osećaj za ono o čemu svi pričaju, ili samo uložu nekoliko dolara u Bitcoin u nadi da će možda dobiti džekpot, kao što je slučaj sa greb-greb nagradnim igrama.

Zbog toga, „kežual amateri“ su razlog dovodjenja u zabludu pravog broja ljudi koji su u potpunosti prihvatili Bitcoin. Njihovo ponašanje zapravo ne predstavlja prihvatanje u pravom smislu te reči i stoga se ne bi trebalo smatrati ljudima koji su u potpunosti prihvatili Bitcoin. Istina je da, kada kežual amateri shvate da je Bitcoin najbolja zaliha vrednosti neke imovine u istoriji, neće ostati na samo 20 USD u Bitcoin-ima. Umesto toga, oni će svoju štednju prebaciti u mnogo većim iznosima.

Što se tiče odredjivanja veličine ovog segmenta, Willy Woo je sastavio razumno iscrpnu i sveobuhvatnu procenu od oko 187 miliona ljudi koji su prihvatili Bitcoin, što znači da su oni u najmanju ruku „kežual amateri“.

Koristeći ovaj i naš puni potencijal od 2,2 biliona ljudi kao imenioca, 8,5% potencijalnih ljudi koji su prihvatili Bitcoin-e dostiglo je nivo „kežual amatera“. Ovo je prilično velik broj i potpuno obmanjuje stvarni obim potpunog prihvatanja, a što će pokazati sledeći segmenti.

2. Alokatori 1%

Za preostale potkategorije, tačni podaci su manje dostupni. Kao takvi, sve što možemo je da smislimo razumne procene putem triangulacije.

Po mom mišljenju, „alokatori 1%“ se mogu okarakterisati kao ljudi koji su prihvatili Bitcoin, i koji žele da imaju mali, ali ne i zanemarljivi deo u Bitcoin-u. Za naše svrhu, mislim da je pristojan prag za ovu grupu svako ko ima najmanje 0,1 Bitcoin, i može se smatrati da imaju malu, ali ne i zanemarljivu poziciju u Bitcoin-u.

Gledajući Bitcoin blockchain, postoji oko 3 miliona adresa koje imaju najmanje 0,1 BTC. Pored ovih brojeva na blockchain-u, moramo da uzmemo u obzir i znatan broj ljudi koji imaju ovaj iznos na berzi ili GBTC-u. Kombinovanjem, mislim da je razumno proceniti da je 10 miliona ljudi dostiglo nivo „alokatora 1%“ ili veći.

Na osnovu ovih brojeva, samo 1⁄17 „kežual amatera“ dostiglo je nivo prihvatanja „alokatora 1%“, što znači da je ovaj nivo prihvatanja Bitcoin-a do danas postigao samo 0,5% penetracije. Ovaj strmi pad je razlog zašto je došlo do zablude da veliki broj „kežual amatera“ bude označeno kao grupa koja je u potpunosti prihvatila Bitcoin.

3. Značajni vernici

U ovu kategoriju spada svako ko je dostigao nivo razumevanja Bitcoin-a da alokacija od 1% ili čak 5% više ne izgleda dovoljna.

Uopšteno govoreći, ova grupa se kreće u rasponu od 5 – 50%. Išao bih toliko daleko da bih rekao da je većina ljudi koji sebe smatraju vernicima u Bitcoin-e, uključujući većinu Bitcoin Twitter-a, negde u ovoj grupi.

Procena veličine ove grupe postaje mnogo nejasnija, ali možemo se osloniti na podatke iz blockchain-a da bismo došli do razumne procene.

Za početak, hajde da utvrdimo da je većina ljudi koji su dostigli ovaj nivo verovanja i razumevanja Bitcoin-a, izborila da poseduje najmanje 1 Bitcoin. Pored toga, ovaj nivo ljudi koji su prihvatili Bitcoin je verovatno osigurao svoj Bitcoin u chain-u novčanika kojim oni upravljaju. Gledajući podatke na chain-u, oko 820k adresa ima najmanje 1 Bitcoin. Kao grubu pretpostavku, uzmimo da 500k od toga poseduju ljudi koji su dostigli nivo prihvatanja „značajnog vernika“.

Ako potom generički zaokružimo akaunte za ljude koji nisu postigli status whole­coiner-a (eng. osoba koja poseduje barem 1 BTC), ili koji svoja sredstva drže na berzi, dolazimo do grube procene od 2 miliona „značajnih vernika“.

4. Bitcoin maximal­isti

Za našu svrhu, recimo da ova grupa uključuje svakoga ko je dovoljno duboko ušao u Bitcoin da je zaključio da bi više od 50% njihove neto vrednosti trebalo da bude uskladišteno u Bitcoin-u.

Procena veličine ove grupe je gotovo nemoguća, zato ćemo morati da budemo kreativni.

1. Prodaja „Bitcoin Standard“

2. Hajde da konzervativno procenimo da je samo 20% maximalističara kupilo Bitcoin Standard, i da je 50% tih ljudi koji su ga razumeli, postali maksimalisti. Na osnovu knjige Amazon US rank (6,681), onlajn kalkulatori procenjuju da je prodato oko 15k primeraka.

3. Hajde da budemo velikodušni i da zaokružimo taj broj od oko 15k na 50k, uzimajući u obzir međunarodnu prodaju i kupovinu izvan Amazona.

Ovo nas dovodi do procene broja od 125k maximalista. Da ne bismo pogrešili, bićemo oprezni, i udvostručimo taj broj i rećićemo da ih ima 250k.

1. Kvalitativna triangulacija

Čisto subjektivno, ali čini mi se da na Twitter-u, primarnom domu za komunikaciju maximalista, postoji možda 10k aktivno angažovanih Bitcoin maximalista. Da budemo vrlo konzervativni, recimo da ovo predstavlja oko 5% maximalista (od ukupno 200k).

Uz to, kao procenu od vrha nadole, čini se opravdanim da je oko 10% ljudi koji su dostigli 5 – 50% alokacije Bitcoin-a napravilo skok ka maximalizmu.

Sve u svemu, cifra od oko 250k Bitcoin maximalista čini se konzervativnom, ako ne i velikodušnom pretpostavkom.

To nas dovodi do 0,01% penetracije.

Zaključak

Kako god gledali brojke, još uvek je rano za Bitcoin. Posmatrajući procenu vrednosti Bitcoin-a kao procenat njegovog punog potencijala, vidimo da je trenutna vrednost Bitcoin-a negde između 0,2% i 3% njegovog krajnjeg stanja, što znači da ostaje 30x do 500x rasta. Gledajući napredak prihvatanja Bitcoin-a, vidimo da je trenutna penetracija Bitcoin-a negde između 0,01% i 8,5%, u zavisnosti od toga koji prag prihvatanja gledate.

Ako verujete, kao što ja verujem, da je Bitcoin na putu da postane dominantna zaliha vrednosti i preferirani novac za ceo svet, na kraju će norma biti više od 50% posedovanja neto vrednosti u Bitcoin-u. Budući da naša analiza ovde sugeriše da samo 0,01% sveta zadovoljava ove standarde, opravdano je zaključiti da 99,99% sveta ostaje da sledi njihov primer.

Sve u svemu, dok svi koji se pojave na Bitcoin-u neizbežno osećaju žaljenje zbog toga što nisu ranije investirali i pitaju se da li su u potpunosti propustili brod, jasno je da većina rasta Bitcoin-a ostaje pred nama. Da stavimo ovo u neki kontekst, obzirom da može postojati samo 21 milion Bitcoin-a, prosečna osoba na zemlji (od 8 biliona ljudi) imaće samo 0,0025 Bitcoin-a. Još je toliko rano, da ukupna neto vrednost te prosečne osobe u Bitcoin-u može da se kupi za samo 90 USD.

I ako mislite da je kasno, zapravo je veoma rano, zato vam čestitam i uživajte u skupljanju sats-ova dok su još uvek ovako jeftini!

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Key Takeaways

Dr. Jack Kruse returns in this fiery episode to expose what he alleges is a coordinated campaign by Big Pharma, technocrats, and global elites to control public health narratives and financial systems through manipulated health policies and propaganda. He accuses figures like Calli and Casey Means of fronting a compromised "Maha Movement," backed by A16Z, Big Tech, and the World Economic Forum, with ambitions to embed themselves into U.S. health policy and bioweapons programs. Kruse details his covert efforts to expose these connections, claiming they led to the withdrawal of Casey Means' Surgeon General nomination, and warns of a looming biotechnocratic surveillance state where mRNA vaccines act as bioweapons to enforce compliance. Urging Bitcoiners to expand their fight for sovereignty beyond finance into healthcare and biology, Kruse argues that the true war is over time sovereignty—not just monetary freedom—and that protecting children from vaccine harms is now the most urgent front in this escalating battle.

Best Quotes

"Bitcoin is worthless if you have no time."

"We’re not playing games here. This is to the death."

"Big Pharma is just the drug dealer. The real boss is the Department of Defense and DARPA."

"The real battle in D.C. isn’t left vs. right, it’s Rothschilds and Rockefellers vs. the technocrats."

"First principle Bitcoiners need to become first principle decentralizers of life itself."

Conclusion

This episode delivers a provocative call to action from Dr. Jack Kruse, who warns that the fight for sovereignty must go beyond finance to confront what he sees as the immediate threat of centralized bio-surveillance through mRNA vaccines. Blending insider claims with health activism, Kruse urges Bitcoiners and the public to recognize that true freedom requires decentralizing not only money but also healthcare and information systems, arguing that without protecting biological sovereignty, Bitcoin’s promise of liberty will be meaningless if people are left physically, mentally, or politically compromised.

Timestamps

0:00 - Intro
0:47 - Outlining MAHA infiltration
22:59 - Fold & Bitkey
24:35- Danger to children
28:27 - Political shell game
35:40 - Unchained
36:09 - Time theft
41:07 - Vax data
46:32 - Bioweapon and control system
58:29 - Game plan - Decentralized yourself
1:15:16 - Priorities
1:24:30 - Support Mary Talley Bowden

Transcript

(00:00) me, Larry Leard, those kind of Bitcoiners, the people that are out there that have money, like they're looking to take us out. You need to know a little bit about the back history that I don't think I've talked about anywhere on any other podcast. Rick Callie is linked to the current administration is through Susie Watts.
(00:17) They both were working at Mercury PR basically is the frontman for propaganda for Big Farm. Basically, who pays you? You become their [ __ ] We're not playing games here. This is to the death. This is the biggest issue facing Maha now. It's not Froot Loops. It's not red dye. But the messenger RA job can drop you like Demar Handler.
(00:40) Can end your career like JJ Watt. Dr. Jack Cruz, welcome back to the show. Thank you, sir, for having me. Well, thank you for being here. I mean, you're making a lot of noise around a topic that I wasn't well aware of. I'm not going to lie. I think I got duped by or we'll find out if I actually got duped by the meanses. Cali means was coming in last year talking big about Maja getting the food correct.
(01:15) Um, basically telling the story of him being a lobbyist and understanding how corrupt the food system is. And we talked about it last time we were on two months ago. this sort of maha movement has shifted towards focusing on preventative care particularly in diets and you were on the Danny Danny Jones show late last year with Cali means uh sort of pressuring him to admit that the vaccine should be pulled off the market and he did not did not bite and would not budge on that and now his sister Casey has been appointed to surgeon general and
(01:50) this is something Let me let me tell you a little bit about that because you need to know a little bit about the back history that I don't think I've talked about anywhere on any other podcast. She was going to be named surgeon general uh back then. Just so you know that I knew it and I knew quite a bit of other things.
(02:16) So what was my goal? I knew um that Cali and Casey were tied to big tech. They were tied specifically, which you'll be interested in, A16Z, the shitcoiners extraordinaire, and they were also tied to the World Economic Forum through the book deal. Um, so my goal at that time as part of the person that was big in the mob like, and Marty, I don't know if you know this back part of the story.
(02:46) Maha begins not with Casey and Cali and Bobby Kennedy. It began with me, Bobby, and Rick Rubin on Rick's podcast the day that I told RFK Jr. that SV40 was in the Fiser Jabs. Mhm. And that's when Bobby found out that I wrote the law for Blly for a constitutional amendment for medical freedom. And he asked me to use four pages of the law.
(03:13) And Blly cleared me to do that. And then Aaron Siri, who was Bobby's attorney and working with a lot of the stuff that Bobby does with vaccines and I can Aaron contacted me. So just so you're clear, this is two and a half years ago. This is before this is a year previous to Casey and Cali coming on the scene. And I was always behind the scenes.
(03:37) I was not really interested in getting involved um in the [ __ ] show. But when I saw these two show up, the way they showed up and when I heard Cali actually say on a podcast that, you know, he was the modus operande of the Maha movement and he's the one that brought Bobby and Trump together.
(04:02) I said, "That's where I draw a [ __ ] line." I'm like, "Uh-uh. These guys, I know exactly what they're going to do. I see the game plan. they're going to use a shell game and I needed to have proof before you can come out and be a savage. You got to have proof. So, I hired three former Secret Service agents to actually do a very deep dive.
(04:24) We're talking about the kind of dive that you would get uh if you were going for a Supreme Court nomination. Okay? It cost me a lot of money. And why did I think it was important? Because as you know, you know, as a Bitcoiner, you just saw the big scam that happened with Maya Paribu down in Cerninam that happened after.
(04:49) Well, when I hired these guys, when all of my research that I had done was confirmed by them, I said, "Okay, now we need to go on a podcast very publicly and we need to put Cali's feet to the fire." Why? because I knew and he did not know that I knew this prior to the podcast. Uh that his sister was going to be nominated for surgeon general then.
(05:14) And because he didn't know and you you'll be able to confirm this or the savages in your audience can confirm this with Danny Jones. Do you know that Cali cancelled the podcast to do it into uh February? Yeah. Well, I think it was April of 25 because he didn't want to give anybody the time and day.
(05:37) So, what did I start doing? I started posting some of the information back in November that I found and the links to the Wjikis and the links to Bin, the links to A16Z. I didn't didn't give a ton of the information, but let's just put it this way. enough to make Callie and Cassie scream a little bit that people in DC started to read all my tweets.
(06:04) And then he called Danny up and said, "Danny, I want to do this podcast immediately." And I knew the reason why. Cuz I was baiting him to come so I could hit him with the big stuff. Why? Because you have to understand these two kids, you know, tied to the Rockefellers. They're tied to the banking elite.
(06:26) They're tied to the World Economics Form. Rick Callie is linked to the current administration is through Susie Watts. They both were working at Mercury PR and uh Mercury PR uh basically is the frontman for propaganda for Big Farm and everybody knows that, but not everybody knew that Cali worked for them.
(06:50) And you know the story that he sold all you guys, how he fooled you. And I consider you a smart guy, a savage, it's not shocking how he fooled you because he said as a um a lobbyist basically who pays you, you become their [ __ ] to to be quite honest and you'll say things that will make sense. Everybody in creation who's going to watch your podcast knows that all the things that Casey and Cali have said have been said literally for 30, 40, 50 years going all the way back to probably Anel Peas about diet and exercise.
(07:25) Everybody [ __ ] knows that. It's not new. They just decided to repackage it up and then they actually got in Bobby's ear about it. And when I released all this stuff, did Bobby know what I had? Yeah, he knew. And did the people in DC all what all their antennas up about this issue? Who was most pissed off with Uncle Jack back then? Susie [ __ ] Walls.
(07:56) Why? because those two are her babies that were going to be the amber that Susie Cassidy Cassidy Big Farmer were going to place around um Bobby Kennedy once he got confirmed. And that's why for the savages that are listening to this podcast, you go back and look at Nicole's tweet from, you know, I guess it was about four or five days ago that this didn't make sense.
(08:20) Why? because I gave the data directly to the people in DC behind the scenes of what was really going on and because it was so explosive. That's the reason Susie had to not give the job to Casey Means. She had to wait till the heat died down. So they elevated Janette and Janette bas

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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.

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Let's dive into the most interesting forward-looking predictions from my recent conversations with industry experts.

Court Cases Against Bitcoin Developers Will Set Critical Precedent for the Industry's Future - Zack Shapiro

The outcome of the Samurai Wallet case will determine whether software developers can be held legally responsible for how users employ their non-custodial Bitcoin tools. Zack Shapiro laid out the stakes clearly: "The precedent that the Bank Secrecy Act can be applied to just software that allows you to move your own money on the Bitcoin blockchain is incredibly dangerous for developers, for node runners, for miners... Basically everyone in the Bitcoin space is at risk here."

According to Shapiro, the government's position in this case fundamentally misunderstands Bitcoin's architecture: "The government says that the defendants transmitted, Keone and Bill transmitted money that they knew belonged to criminals. That's not how a coin join works. The people who transmitted the money are the people that used Whirlpool and the people that used Ricochet. They signed their keys."

Should this prosecution succeed in establishing precedent, Shapiro predicts catastrophic consequences: "If that becomes the law of the land... then basically no actor in the Bitcoin economy is safe. The government's theory is that if you facilitate movement of money, you're a money transmitter, that would reach node runners, wallet developers, miners, lightning routing nodes... whatever tool stack you use, the people who built that are at risk."

With the case continuing despite FinCEN's own position that Samurai's software isn't money transmission, Shapiro believes the resolution will likely come through political rather than legal channels in the next 6-12 months.

Malpractice Around COVID mRNA Vaccines Will Be Exposed Within 2 Years - Dr. Jack Kruse

Dr. Jack Kruse predicts that major revelations about mRNA vaccine damage will force an eventual removal from the market, particularly from childhood vaccination schedules. During our conversation, Dr. Kruse shared alarming statistics: "25,000 kids a month are getting popped with this vaccine. Just so you know, since Trump has been elected, three million doses have been given to children."

According to Dr. Kruse, the scale of this problem dwarfs other health concerns: "The messenger job can drop you like Damar Hamlin, can end your career like JJ Watt, can end your career like all the footballers who've dropped dead on a soccer field." What makes this particularly concerning is the suppression of evidence about the damages, with Dr. Kruse noting that data from Japan showing changes in cancer distribution patterns was pulled, and VAERS data being dismissed despite showing alarming signals.

Dr. Kruse believes the coming years will see an unavoidable reckoning: "If by the end of this year, everybody in unison realized that MRA platform is bad news and it's gone. That to me is... I would tell you the biggest win is to get rid of the MRA platform even before any of the Bitcoin stuff." This suggests he expects significant momentum toward removing these vaccines from circulation by the end of 2025.

Global Economic Reordering Will Create Demand for Neutral Reserve Assets Like Bitcoin and Gold - Lyn Alden

The next two years will be critical in determining whether the United States maintains dollar dominance while navigating Triffin's dilemma. During our conversation, Lyn highlighted how the current administration is attempting to thread a needle between reshoring manufacturing while maintaining the dollar's reserve status - an almost impossible task on extremely fragile ground.

"When they talk about kind of a currency accord to weaken the dollar, they mentioned ideally they wanted to use multi-lateral approaches, but there are some unilateral approaches that they can do, which includes printing dollars to buy reserve assets," Lyn explained when discussing Treasury advisor Stephen Myron's position paper.

As the world potentially moves to a multipolar currency system, Lyn predicts significant demand increases for neutral reserve assets. "The two options on the table at this point are gold and Bitcoin," she noted, but pointed out that "our geopolitical adversaries have been stacking gold for a while and with a special intensity for the last three years." This creates a strategic opportunity for the US, as Bitcoin is "overwhelmingly held in the United States."

Lyn believes this transition is already underway, with the demand for neutral reserve assets like Bitcoin growing as countries seek alternatives to solely dollar-denominated reserves.

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Blockspace conducts cutting-edge proprietary research for investors.

Iran's Shadow Mining Economy: 2 GW of Bitcoin Mined Underground While Legal Operations Struggle

Iran hosts a thriving underground Bitcoin mining industry that has emerged as a critical financial lifeline for citizens grappling with international sanctions and domestic economic controls. This shadow economy dwarfs the legal sector, with an estimated 2 gigawatts of illegal mining operations compared to just 5 megawatts of sanctioned activity.

According to ViraMiner CEO Masih Alavi, approximately 800,000 illegal miners have been discovered and fined by authorities. Yet operations continue in homes, office buildings, and even jewelry stores, where Iranians tap into unmetered electricity to mine Bitcoin, later converting it to stablecoins like USDT for savings and commerce.

While the government has approved permits for about 400 megawatts of legal mining capacity, punitive electricity tariffs and regulatory barriers have strangled legitimate operations. "I blamed the government for this situation," says Alavi. "They introduced flawed policies in the beginning, especially by setting the wrong electricity tariffs for the mining industry."

Despite using obsolete equipment like Antminer S9s and M3s, underground miners remain profitable when converting earnings to Iranian rials, creating an ecosystem that serves an estimated 18 million Iranian cryptocurrency holders.

Looking ahead, Alavi predicts further crackdowns as Iran enters peak electricity demand season, potentially reducing legal mining to zero while underground operations continue to evolve sophisticated detection evasion techniques.

Link to Full Article

Subscribe to them here (seriously, you should): https://newsletter.blockspacemedia.com/

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Ten31, the largest bitcoin-focused investor, has deployed $150M 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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Get this newsletter sent to your inbox daily: https://www.tftc.io/bitcoin-brief/

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@ 8bad92c3:ca714aa5

Key Takeaways

In this episode, Bitcoin Core veteran James O’Beirne delivers a sharp critique of Bitcoin’s developmental stagnation, attributing it to political dysfunction, post-fork trauma, and resistance within Bitcoin Core to critical upgrades like CheckTemplateVerify (CTV). He argues that while institutional adoption accelerates, internal innovation is being stifled by misplaced controversies—such as the OP_RETURN policy debate—and a bottlenecked governance model. O’Beirne warns that without urgent progress on scaling solutions like CTV, congestion control, and vaulting systems, Bitcoin risks ossifying and becoming vulnerable to institutional capture. Advocating a more adversarial posture, he suggests forking or building alternative clients to pressure progress but remains hopeful, seeing rising momentum for protocol upgrades from developers outside the Core elite.

Best Quotes

“Everybody has mempool derangement syndrome… it’s such a small issue in the grand scheme of challenges Bitcoin is facing.”

“Bitcoin is as much an experiment in technical human organization as it is a pure technology.”

“If we don’t figure out how to scale trustless Bitcoin self-custody, we’re toast. Right now, only about 2.5% of Americans could actually use Bitcoin monthly in a meaningful way.”

“CTV isn’t sexy—it just works. It keeps getting reinvented because it's so useful. At this point, it’s essential.”

“If Core isn’t going to evaluate these proposals, someone has to. Otherwise, we need to build the social justification for forking.”

“Lightning didn’t scale Bitcoin the way we expected. Let’s stop assuming a silver bullet is coming and start building the bridges ourselves.”

“You could onboard someone with just a phone and a vault… and give them more security than most hardware wallets.”

Conclusion

While Bitcoin gains traction with institutions and governments, its internal development is stalling under political inertia and misplaced focus. James O’Beirne urges the community to prioritize impactful upgrades like CTV and CCV, challenge the bottleneck of Bitcoin Core if needed, and recommit to Bitcoin’s foundational principles. This episode underscores the urgent need to bridge technical and social divides to ensure Bitcoin remains a decentralized, censorship-resistant tool for global value transfer.

Timestamps

0:00 - Intro
0:41 - Multi axis issue
5:12 - Core governance
9:41 - Derailing productive discussions
17:05 - Fold & Bitkey
18:32 - CTV
29:24 - Unchained
29:53 - Magnitude of change
41:45 - Covenant proposals
50:16 - CTV benefits
57:56 - Institutional ownership
1:05:26 - Moving forward

Transcript

(00:00) I think I have a somewhat different take than 99% of the people in the discussion. What freaks me out is if you've got Sailor owning half million coins or whatever and Black Rockck owning however many, people forget that Bitcoin is as much an experiment in technical human organization as it is, you know, as a sort of pure technology.
(00:17) The undernowledged reality is I'm actually interested to see if we have like a black swan adoption event from the machines. the risk given the increased scrutiny that things like the strategic Bitcoin reserve introduce there's a shot clock on getting to trustless decentralized value storage technology and I think we really have to be thinking about that combination of physically tired and mentally tired it's also tiresome James it's it's I was looking at that picture today and I was actually going to tweet it absent any caption just because it's
(00:52) a really good Uh yeah, it's a really good epitome of uh of a lot of stuff. But I'm with you, man. I'm tired. It's Friday. Who is it? Is that a just some random Japanese guy? I think it's it's I actually think it's from a documentary about I don't know if it's Africa, but Oh, yes. Yes.
(01:13) It's there's a little bit of a kind of like racy connotation there. Um yeah, the uh it's been long. It was interesting for me. We had Texas Energy Mining Summit here in Austin the beginning of the week. It sort of blended with Bitcoin plus I was over at Bitcoin++ Wednesday and yesterday doing the live desk and obviously topic of conversation is OP return this policy decision and this policy change that that core wants to make and many people are uh angry about and it's just again it's also tiresome.
(01:52) spoke with people on both sides over the two days and I I think I came away more confused than than I entered entered the week like what is the optimal path and somebody who's worked on Bitcoin core worked on Bitcoin core for for many years I've seen you tweeting about it seems like I won't put words in your mouth I'll let you say like what is your perspective on this whole policy debate around op return yeah so in general I think I have a somewhat different take than um 99% of the people in in the discussion which is basically that this
(02:25) is a really stupid discussion um everybody has mempool derangement syndrome like at every layer um and uh what what frustrates me a little bit about the conversation not not to not to uh get like um grumpy right off the bat but it's just it's it's such a small issue in the in the grand scheme of challenges that are being presented to Bitcoin that like spending all this drama on it um is is really a silly use of time and uh kind of emotion, but I can break it down for you.
(03:02) I mean, I think I think like largely the argument is happening on a few layers. Um the change itself technically I'm totally in favor of it. It makes sense. you know, basically the rationale is like, well, you know, um, people want to include exogenous data into the chain. Um, you can't really stop them from doing that.
(03:23) Um and so let's basically minimize the damage by saying hey you know we're going to make it easier for people to actually make use of op return as a data carrier which uh lets us avoid bloat in the UTXO set which is like one of the precious resources we have to take care of for the node.
(03:44) Um, so that's all good and the and the other thing too is that as we've seen with the ordinal stuff is um, you know, data is going to wait make its way into the chain and actually it hurts the whole network when um, there are transactions that most nodes haven't seen yet but they come through a block. Basically that slows down block propagation time.
(04:06) And so the whole idea is if you bring policy closer to the actual consensus rules, closer to the actual transactions that are going to come through and be mined, then you're going to have better network performance. You're going to have lower latency when it comes to actually broadcasting a new block around. So that's like the the sort of technical layer of the discussion.
(04:25) It's it's really a minute non-controversial change if you kind of have fluency with the the technical end of the mempool. Um, but I think there's this this higher layer to the conversation which is sort of a readjudication of spam in Bitcoin. And it's, you know, I think a lot of the the old animal spirits and sentiments are emerging about like, well, we don't like spam.
(04:49) And I think for a lot of people who kind of get lost in the technical details, it's very easy to latch on to the sentiment of I don't like spam. Um and so uh so that makes the sort of ocean knots camp maybe more appealing. Uh so that's yeah that's I guess a summary if you want to jump in anything in particular we can that's what I was saying I came out more confused than I went in.
(05:20) So last week on RHR, hey, I agree. You want policy to be aligned with consensus. Like whether we like it or not, these transactions are getting into blocks. They're non-standard, but they are valid within consensus rules and policy just isn't aligning with that. And like you said, this is disrupting the P2P layer and potentially the fee uh estimation process that that many nodes use, many applications use.
(05:49) And it makes sense to me to align policy with consensus. These things are happening. And if you can make it so Bitcoin full nodes are operating as efficiently and optimally as possible by changing this, it makes sense to me. I think my one like push back was like makes sense to me. However, I think how it was communicated to people and the whole mess with the PR.
(06:12) I think it's I think it's it was it's it's just a tactical error. Like even if this change gets in the the the real benefit of is is not material. You know, nobody was really clamoring for it. um this stuff always, you know, gets the hackles up of everybody who cares at all about, you know, spamming Bitcoin. So, it was a real tactical error.
(06:36) And I think that's that's one place where I mean it's kind of I had a little bit of shot in Freud seeing it because I'm fairly critical of core as a project along you know a variety of axes at this point and it was just kind of a demonstration of the the disconnection and kind of ineptitude of um publicity management kind of on on their end.
(06:58) Um, and so like there's part of me that enjoys seeing that because I I'm kind of convinced that that group has a lot less efficacy than they have credibility. And so to to see that kind of catch up was was interesting. The uh let's dive into that like what you said multiple axes you have a problem. I think we've throughout the years like we've been discussing the issues that Bitcoin like yourself particularly as a Bitcoin core developer for many years trying to get things through not only in the context of the way core works from a governance
(07:35) structure but just the way Bitcoin works as a distributed open source protocol like trying to get changes in and I will say like

@ b83a28b7:35919450

This article was originally part of the sermon of Plebchain Radio Episode 110 (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

@ eb0157af:77ab6c55

A new Bitwise report reveals notable growth for institutional investments in bitcoin over the coming years.

According to the latest forecasts from asset management firm Bitwise, capital flows into Bitcoin could exceed $120 billion by the end of 2025, with projections reaching $300 billion the following year.

This growth is rooted in the rising interest from sovereign wealth funds, publicly traded companies, state treasuries, and institutional investment vehicles such as spot exchange-traded funds (ETFs). Analysts expect the number of companies holding bitcoin in their treasuries to double by the end of 2026.

Bitwise’s analysis highlights how Bitcoin is no longer seen solely as a speculative asset but is emerging as a serious contender for the role of global store of value.

The report notes that, according to its authors, global wealth is gradually moving away from traditional safe havens like gold and shifting toward Bitcoin.

Spot ETF boom

Spot Bitcoin ETFs in the United States have outperformed all expectations throughout 2024. These financial instruments have attracted over $36.2 billion in net inflows, surpassing by twenty times the early performance of SPDR Gold Shares (GLD), historically the most successful commodity ETF.

Source: Bitwise

In just twelve months, U.S. spot ETFs have accumulated $125 billion in assets under management (AUM). Bitwise projections suggest that annual inflows could reach $100 billion by 2027.

However, approximately $35 billion in capital remained on the sidelines in 2024 due to regulatory restrictions at financial institutions such as Morgan Stanley and Goldman Sachs.

States consider a bitcoin reserve

Bitwise’s analysis also highlights Bitcoin’s growing appeal beyond Wall Street. Publicly traded companies currently hold over 1.1 million BTC, worth more than $125 billion. Sovereign governments collectively own more than 500,000 BTC, with the United States, China, and the United Kingdom leading the rankings.

In its base scenario, Bitwise forecasts a modest reallocation of institutional and sovereign assets toward Bitcoin: 5% of government gold reserves and 0.5% of assets from major wealth management platforms. Even under these conservative assumptions, total bitcoin inflows could reach $420 billion over 2025-2026.

In a more optimistic scenario, with 10% of gold reserves and 1% of managed portfolios shifting to Bitcoin, inflows could exceed $920 billion, absorbing more than 9 million bitcoins — around 40% of the total supply.

The post Bitcoin attracts institutional investors: $300 billion expected by 2026, according to Bitwise appeared first on Atlas21.

@ 06639a38:655f8f71

Finally there is a release (1.7.0) for Nostr-PHP with a full NIP-19 integration. Here is an example file with some snippets to how it works to encode and decode bech32 encoded entities:

• https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip19-bech32-decoded-entities.php
• https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip19-bech32-encoded-entities.php

Now merge request #68 (and issues #74, #64 are closed) is finally merged which I opened in October 2024.

Next up is:

• Create documentation how to use NIP-19 with the library on https://nostr-php.dev
• Create documentation how to use NIP-04 and NIP-44 with the library on https://nostr-php.dev
• Work out a proof-of-concept with the revolt/event-loop package to create concurrent async requests with websocket connections

@ 06639a38:655f8f71

Nostr-PHP

Djuri submitted quite some pull requests in the last couple of week while he was implementing a Nostr connect / login on https://satsback.com. The backend of that platform is written in PHP so the Nostr-PHP library is used for several purposes while Djuri also developed quite some new features utilizing the following NIPs:

• NIP-04
• NIP-05
• NIP-17
• NIP-44

Thank you very much Djuri for these contributions. We now can do the basic private stuff with the library. 

PR for NIP-04 and NIP-44: https://github.com/nostrver-se/nostr-php/pull/84 and https://github.com/nostrver-se/nostr-php/pull/88 
Examples:

• https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip04-encrypted-messages.php
• https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip44-gift-wrapping.php

PR for NIP-05: https://github.com/nostrver-se/nostr-php/pull/89 
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip05-lookup.php 

PR for NIP-17: https://github.com/nostrver-se/nostr-php/pull/90 
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/nip17-private-direct-messages.php 

PR for adding more metadata profile fields: https://github.com/nostrver-se/nostr-php/pull/94
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/fetch-profile-metadata.php 

Fetch 10050 event (dm relay list) of an given pubkey
Example: https://github.com/nostrver-se/nostr-php/blob/main/src/Examples/fetch-dm-relayslist.php 

The CLI tool is removed from the library, see PR https://github.com/nostrver-se/nostr-php/pull/93 

Nostr-PHP documentation

While new NIPs are implemented in the Nostr-PHP library, I'm trying to keep up with the documentation at https://nostr-php.dev. For now, things are still much work in progress and I've added the AI agent Goose using the Claude LLM to bootstrap new documentation pages. Currently I'm working on documentation for

• How to direct messages with NIP-04 and NIP-17
• Encrypted payloads for event content NIP-44
• Fetch profiledata of a given pubkey
• Lookup NIP-05 data of given pubkey
• Using the NIP-19 helper class

CCNS.news

I've moved CCNS to a new domain https://ccns.news and have partly implemented the new NIP-B0 for web bookmarks. When you post a bookmark there, a kind 39701 event is transmitted to some Nostr relays (take a look at this event for example). Optionally you can also publish this content as a note to the network.

As you can see at https://ccns.news/l/censorship-resistant-publishing-and-archiving, I've listed some todo's. All this stuff is done with Javascript using the NDK Typescript library (so I'm not using any PHP stuff for this with Nostr-PHP).

Also new: https://ccns.news/global now has a global feed which fetches all the web bookmark events with kind 39701 from several public Nostr relays. I had a rough idea to compare feeds generated with NDK and Nostr-PHP (for both using the same set of relays).

Building a njump clone for this Drupal website

You can now use this URL pattern to fetch Nostr events: https://nostrver.se/e/{event_id|nevent1|note1|addr1} where you can provide a plain Nostr event ID or NIP-19 encoded identifier. 

An example, this URL [nostr:nevent1qvzqqqqqqypzqmjxss3dld622uu8q25gywum9qtg4w4cv4064jmg20xsac2aam5nqqsqm2lz4ru6wlydzpulgs8m60ylp4vufwsg55whlqgua6a93vp2y4g3uu9lr) fetches the data from one or more relays. This data is then being saved as a (Drupal) node entity (in a database on the server where this website is hosted, which is located in my office fyi). With this saved node, this data is now also available at https://nostrver.se/e/0dabe2a8f9a77c8d1079f440fbd3c9f0d59c4ba08a51d7f811ceeba58b02a255/1 where the (cached) data is server from the database instead. It's just raw data for now, nothing special about it. One of my next steps is to style this in a more prettier interface and I will need to switch the theme of this website to a custom theme. A custom theme where I will be using TailwindCSS v4 and DaisyUI v5. 

The module which is providing these Nostr features is FOSS and uses the Nostr-PHP library for doing the following:

• Request the event from one or more relays
• Decode the provided NIP-19 identifier

For now this module is way for me to utilize the Nostr-PHP library with Drupal for fetching events. This can be automated so in theory I could index all the Nostr events. But this is not my ambition as it would require quite some hardware resources to accomplish this. 
I hope I can find the time to build up a new theme first for this website, so I can start styling the data for the fetched events. On this website, there is also a small piece (powered by another module) you can find at https://nostrver.se/nostrides doing things with this NIP-113 around activity events (in my case that's cycling what interests me).

What's next

I'm already working on the following stuff:

• Implement a class to setup a persistent connection to a relay for requesting events continuously
• Extend the documentation with the recent added features

Other todo stuff:

• Review NIP-13 proof-of-work PR from Djuri
• Implement a NIP-65 lookup for fetching read and write relays for a given npub issue #91
• Build a proof-of-concept with revolt/event-loop to request events asynchronous with persistent relay connections
• Add comments to https://ccns.news

@ 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.

@ 8d34bd24:414be32b

It seems like most Christians today have lost their reverence and awe of God. We’ve attributed God’s awesome creation by the word of His mouth to random chance and a Big Bang. We’ve attributed the many layers of sediment to millions and billions of years of time instead of God’s judgment of evil. We’ve emphasized His love and mercy to the point that we’ve forgotten about His holiness and righteous wrath. We’ve brought God down to our level and made Him either our “buddy” or made Him our magic genie servant, who is just there to answer our every want and whim.

The God of the Bible is a holy and awesome God who should be both loved and feared.

The fear of the Lord is the beginning of knowledge;\ Fools despise wisdom and instruction. (Proverbs 1:7)

The God of the Bible is the Lord of Lords and King of Kings who “… upholds all things by the word of His power. …” (Hebrews 1:3). Yes, God loves us as sons. Yes, God is merciful. Yes, through Jesus we have the blessed opportunity to approach God directly. None of that means we get to treat God like just another friend. We are to approach God with fear and trembling and worship Him in reverence and awe.

Worship the Lord with reverence And rejoice with trembling. (Psalm 2:11)

Part of the problem is that our culture just doesn’t show reverence to authority. It focuses on self and freedom. The whole thought of reverence for authority is incomprehensible for many. Look at this Psalm of worship:

The Lord reigns, let the peoples tremble;\ He is enthroned above the cherubim, let the earth shake!\ The Lord is great in Zion,\ And He is exalted above all the peoples.\ Let them praise Your great and awesome name;\ Holy is He. (Psalm 99:1-3)

This is the way we should view God and the proper attitude for approaching God.

Another issue is that we don’t study what God has done in the past. In the Old Testament, God commanded the Israelites to setup monuments of remembrance and to teach their kids all of the great things God had done for them. When they failed to do so, Israel drifted astray.

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)

God has given us the Bible, His word, so that we can know Him, know His character, and know His great deeds. When we fail to be in His word daily, we can forget (or not even know) the greatness of our God.

Establish Your word to Your servant,\ As that which produces reverence for You. (Psalm 119:38)

Do you love God’s word like this? Do you hunger for God’s word? Do you seek to know everything about God that you can know? When we love someone or something, we want to know everything about it.

Princes persecute me without cause,\ But my heart stands in awe of Your words.\ **I rejoice at Your word,\ As one who finds great spoil. \ (Psalm 119:161-162) {emphasis mine}

In addition to what we can learn about God in the Bible, we also need to remember what God has done in our own lives. We need to dwell on what God has done for us. We can just try to remember. Even better (I’ll admit this is a weakness for me), write down answered prayers, blessings, and other things God has done for you. My son has been writing down one blessing every day for over a year. What an example he is!

After we have thought about what God has done for us and those we care about, we should praise Him for His great works.

Shout joyfully to God, all the earth;\ Sing the glory of His name;\ Make His praise glorious.\ Say to God, “How awesome are Your works!\ Because of the greatness of Your power \ Your enemies will give feigned obedience to You.\ All the earth will worship You,\ And will sing praises to You;\ They will sing praises to Your name.” Selah.\ **Come and see the works of God,\ Who is awesome in His deeds toward the sons of men. \ (Psalm 66:1-5) {emphasis mine}

There is nothing we can do to earn salvation from God, but we should be in awe of what He has done for us leading to submission and obedience in gratitude.

Therefore, since we receive a kingdom which cannot be shaken, let us show gratitude, by which we may offer to God an acceptable service with reverence and awe; for our God is a consuming fire. (Hebrews 12:28-29) {emphasis mine}

Are you thankful for your blessings or resentful for what you don’t have? Do you worship God or take things He has provided for granted? Do you tell the world the awesome things God has done for you or do you stay silent? Do you claim to be a Christian, but live a life no different than those around you?

Then the Lord said,

“Because this people draw near with their words\ And honor Me with their lip service,\ But they remove their hearts far from Me,\ And their reverence for Me consists of tradition learned by rote, (Isaiah 29:13)

I hope this passage does not describe your relation ship with our awesome God. He deserves so much more. Instead we should be zealous to praise God and share His goodness with those around us.

Who is there to harm you if you prove zealous for what is good? But even if you should suffer for the sake of righteousness, you are blessed. And do not fear their intimidation, and do not be troubled, 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 3:13-15) {emphasis mine}

Did you know that you can even show reverence by your every day work?

By faith Noah, being warned by God about things not yet seen, in reverence prepared an ark for the salvation of his household, by which he condemned the world, and became an heir of the righteousness which is according to faith. (Hebrews 11:7) {emphasis mine}

When Noah stepped out in faith and obedience to God and built the ark as God commanded, despite the fact that the people around him probably thought he was crazy building a boat on dry ground that had never flooded, his work was a kind of reverence to God. Are there areas in your life where you can obey God in reverence to His awesomeness? Do you realize that quality work in obedience to God can be a form of worship?

Just going above and beyond in your job can be a form of worship of God if you are working extra hard to honor Him. Obedience is another form of worship and reverence.

Then Zerubbabel the son of Shealtiel, and Joshua the son of Jehozadak, the high priest, with all the remnant of the people, obeyed the voice of the Lord their God and the words of Haggai the prophet, as the Lord their God had sent him. And the people showed reverence for the Lord. (Haggai 1:12) {emphasis mine}

Too many people have put the word of men (especially scientists) above the word of God and have tried to change the clear meaning of the Bible. I used to think it strange how the Bible goes through the days of creation and ends each day with “and there was evening and there was morning, the xth day.” Since a day has an evening and a morning, that seemed redundant. Why did God speak in this manner? God knew that a day would come when many scientist would try to disprove God and would claim that these days were not 24 hour days, but long ages. When a writer is trying to convey long ages, the writer does not mention evening/morning and doesn’t count the days.1

When we no longer see God as speaking the universe and everything in it into existence, we tend to not see God as an awesome God. We don’t see His power. We don’t see His knowledge. We don’t see His goodness. We also don’t see His authority. Why do we have to obey God? Because He created us and because He upholds us. Without Him we would not exist. Our creator has the authority to command His creation. When we compromise in this area, we lose our submission, our awe, and our reverence. (For more on the subject see my series.) When we believe His great works, especially those spoken of in Genesis 1-11 and in Exodus, we can’t help but be in awe of our God.

For the word of the Lord is upright,\ And all His work is done in faithfulness.\ He loves righteousness and justice;\ The earth is full of the lovingkindness of the Lord.\ By the word of the Lord the heavens were made,\ And by the breath of His mouth all their host.\ He gathers the waters of the sea together as a heap;\ He lays up the deeps in storehouses.\ **Let all the earth fear the Lord;\ Let all the inhabitants of the world stand in awe of Him. \ (Psalm 33:4-8) {emphasis mine}

Remembering God’s great works, we can’t help but worship in awe and reverence.

By awesome deeds You answer us in righteousness, O God of our salvation,\ *You who are the trust of all the ends of the earth* and of the farthest sea;\ Who establishes the mountains by His strength,\ Being girded with might;\ Who stills the roaring of the seas,\ The roaring of their waves,\ And the tumult of the peoples.\ They who dwell in the ends of the earth stand in awe of Your signs;\ You make the dawn and the sunset shout for joy. \ (Psalm 65:5-8) {emphasis mine}

If we truly do have awe and reverence for our God, we should be emboldened to tell those around us of His great works.

I will tell of Your name to my brethren;\ In the midst of the assembly I will praise You.\ You who fear the Lord, praise Him;\ All you descendants of Jacob, glorify Him,\ And stand in awe of Him, all you descendants of Israel. \ (Psalm 22:22-23) {emphasis mine}

May God grant you the wisdom to see His awesomeness and to trust Him, serve Him, obey Him, and worship Him as He so rightly deserves. May you always have a right view of God and a hunger for His word and a personal relationship with Him. To God be the Glory!

Trust Jesus

FYI, these are a few more passages on the subject that are helpful, but didn’t fit in the flow of my post.

Great is the Lord, and highly to be praised,\ And His greatness is unsearchable.\ One generation shall praise Your works to another,\ And shall declare Your mighty acts.\ On the glorious splendor of Your majesty\ And on Your wonderful works, I will meditate.\ Men shall speak of the power of Your awesome acts,\ And I will tell of Your greatness. (Psalm 145:3-6)

The boastful shall not stand before Your eyes;\ You hate all who do iniquity.\ You destroy those who speak falsehood;\ The Lord abhors the man of bloodshed and deceit.\ But as for me, by Your abundant lovingkindness I will enter Your house,\ At Your holy temple I will bow in reverence for You. (Psalm 5:5-7) {emphasis mine}

If you do not listen, and if you do not take it to heart to give honor to My name,” says the Lord of hosts, “then I will send the curse upon you and I will curse your blessings; and indeed, I have cursed them already, because you are not taking it to heart. Behold, I am going to rebuke your offspring, and I will spread refuse on your faces, the refuse of your feasts; and you will be taken away with it. Then you will know that I have sent this commandment to you, that My covenant may continue with Levi,” says the Lord of hosts. “My covenant with him was one of life and peace, and I gave them to him as an object of reverence; so he revered Me and stood in awe of My name. (Malachi 2:2-5) {emphasis mine}

@ cae03c48:2a7d6671

Bitcoin Magazine

Asigna Raises $3M Funding and Launches Bitcoin Multisig v2 Upgrade

Asigna, a smart multisig vault operator for Bitcoin, has raised $3 million in a funding round led by Hivemind and Tykhe Block Ventures, with participation from Sats Ventures, Trust Machines, and others, according to an exclusive press release sent to Bitcoin Magazine. The raise follows a pre-seed round led by Portal Ventures.

“With Asigna, we are establishing foundational infrastructure for institutions and large holders to securely and confidently participate in the evolving Bitcoin ecosystem,” said the Co-Founder of Asigna Viven. “There’s a critical need for robust, transparent, and programmable non-custodial solutions, and the multisig infrastructure is at the heart of this transformation.”

Alongside the funding, Asigna is launching its v2 upgrade, which includes support for Embedded Apps and a developer SDK. The update enables developers to integrate multisig functionality directly into Bitcoin applications.

“Asigna’s innovative approach to Bitcoin security and its seamless integration with Layer-2 protocols make it a game-changer for institutional investors,” said the Senior Investment Principal at Hivemind Capital Kayla Phillips. “We are thrilled to support their mission to provide robust and transparent non-custodial solutions for the evolving Bitcoin ecosystem.”

The update also adds a custom dashboard, BTC swaps, and new tools like the Connection SDK and Multisig SDK, allowing for vault creation, transaction management, and app integration. Other features include sub accounts, email notifications, governance, customizable signer permissions, privacy mode, and advanced UTXO management.

“What’s unique about Asigna is that, unlike many other onchain smart wallet implementations, it is fully native to the Bitcoin layer, with no smart contract risks,” said the Co-Founder of Asigna Vlad. “We don’t directly interact with private keys and account owners can use any wallet to sign their transactions. Which means these multisig wallets can never be frozen or lost, regardless of what happens to Asigna. As it should be”.

Bitcoin has recently risen to a $2.2 trillion market cap and with a growing DeFi sector with over $6 billion in Total Value Locked (TVL), the company plans to use the new funding to provide their clients with access to DeFi and yield generation through staking and lending with a white-glove service.

This post Asigna Raises $3M Funding and Launches Bitcoin Multisig v2 Upgrade first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 6389be64:ef439d32

Most nematodes are beneficial and "graze" on black vine weevil, currant borer moth, fungus gnats, other weevils, scarabs, cutworms, webworms, billbugs, mole crickets, termites, peach tree borer and carpenter worm moths.

They also predate bacteria, recycling nutrients back into the soil and by doing so stimulates bacterial activity. They act as microbial taxis by transporting microbes to new locations of soil as they move through it while providing aeration.

https://stacker.news/items/988573

@ 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.

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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.

@ 5144fe88:9587d5af

The recent anomalies in the financial market and the frequent occurrence of world trade wars and hot wars have caused the world's political and economic landscape to fluctuate violently. It always feels like the financial crisis is getting closer and closer.

This is a systematic analysis of the possibility of the current global financial crisis by Manus based on Ray Dalio's latest views, US and Japanese economic and financial data, Buffett's investment behavior, and historical financial crises.

Research shows that the current financial system has many preconditions for a crisis, especially debt levels, market valuations, and investor behavior, which show obvious crisis signals. The probability of a financial crisis in the short term (within 6-12 months) is 30%-40%,

in the medium term (within 1-2 years) is 50%-60%,

in the long term (within 2-3 years) is 60%-70%.

Japan's role as the world's largest holder of overseas assets and the largest creditor of the United States is particularly critical. The sharp appreciation of the yen may be a signal of the return of global safe-haven funds, which will become an important precursor to the outbreak of a financial crisis.

Potential conditions for triggering a financial crisis Conditions that have been met 1. High debt levels: The debt-to-GDP ratio of the United States and Japan has reached a record high. 2. Market overvaluation: The ratio of stock market to GDP hits a record high 3. Abnormal investor behavior: Buffett's cash holdings hit a record high, with net selling for 10 consecutive quarters 4. Monetary policy shift: Japan ends negative interest rates, and the Fed ends the rate hike cycle 5. Market concentration is too high: a few technology stocks dominate market performance

Potential trigger points 1. The Bank of Japan further tightens monetary policy, leading to a sharp appreciation of the yen and the return of overseas funds 2. The US debt crisis worsens, and the proportion of interest expenses continues to rise to unsustainable levels 3. The bursting of the technology bubble leads to a collapse in market confidence 4. The trade war further escalates, disrupting global supply chains and economic growth 5. Japan, as the largest creditor of the United States, reduces its holdings of US debt, causing US debt yields to soar

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Analysis of the similarities and differences between the current economic environment and the historical financial crisis Debt level comparison Current debt situation • US government debt to GDP ratio: 124.0% (December 2024) • Japanese government debt to GDP ratio: 216.2% (December 2024), historical high 225.8% (March 2021) • US total debt: 36.21 trillion US dollars (May 2025) • Japanese debt/GDP ratio: more than 250%-263% (Japanese Prime Minister’s statement)

Before the 2008 financial crisis • US government debt to GDP ratio: about 64% (2007) • Japanese government debt to GDP ratio: about 175% (2007)

Before the Internet bubble in 2000 • US government debt to GDP ratio: about 55% (1999) • Japanese government debt to GDP ratio: about 130% (1999)

Key differences • The current US debt-to-GDP ratio is nearly twice that before the 2008 crisis • The current Japanese debt-to-GDP ratio is more than 1.2 times that before the 2008 crisis • Global debt levels are generally higher than historical pre-crisis levels • US interest payments are expected to devour 30% of fiscal revenue (Moody's warning)

Monetary policy and interest rate environment

Current situation • US 10-year Treasury yield: about 4.6% (May 2025) • Bank of Japan policy: end negative interest rates and start a rate hike cycle • Bank of Japan's holdings of government bonds: 52%, plans to reduce purchases to 3 trillion yen per month by January-March 2026 • Fed policy: end the rate hike cycle and prepare to cut interest rates

Before the 2008 financial crisis • US 10-year Treasury yield: about 4.5%-5% (2007) • Fed policy: continuous rate hikes from 2004 to 2006, and rate cuts began in 2007 • Bank of Japan policy: maintain ultra-low interest rates

Key differences • Current US interest rates are similar to those before the 2008 crisis, but debt levels are much higher than then • Japan is in the early stages of ending its loose monetary policy, unlike before historical crises • The size of global central bank balance sheets is far greater than at any time in history

Market valuations and investor behavior Current situation • The ratio of stock market value to the size of the US economy: a record high • Buffett's cash holdings: $347 billion (28% of assets), a record high • Market concentration: US stock growth mainly relies on a few technology giants • Investor sentiment: Technology stocks are enthusiastic, but institutional investors are beginning to be cautious

Before the 2008 financial crisis • Buffett's cash holdings: 25% of assets (2005) • Market concentration: Financial and real estate-related stocks performed strongly • Investor sentiment: The real estate market was overheated and subprime products were widely popular

Before the 2000 Internet bubble • Buffett's cash holdings: increased from 1% to 13% (1998) • Market concentration: Internet stocks were extremely highly valued • Investor sentiment: Tech stocks are in a frenzy

Key differences • Buffett's current cash holdings exceed any pre-crisis level in history • Market valuation indicators have reached a record high, exceeding the levels before the 2000 bubble and the 2008 crisis • The current market concentration is higher than any period in history, and a few technology stocks dominate market performance

Safe-haven fund flows and international relations Current situation • The status of the yen: As a safe-haven currency, the appreciation of the yen may indicate a rise in global risk aversion • Trade relations: The United States has imposed tariffs on Japan, which is expected to reduce Japan's GDP growth by 0.3 percentage points in fiscal 2025 • International debt: Japan is one of the largest creditors of the United States

Before historical crises • Before the 2008 crisis: International capital flows to US real estate and financial products • Before the 2000 bubble: International capital flows to US technology stocks

Key differences • Current trade frictions have intensified and the trend of globalization has weakened • Japan's role as the world's largest holder of overseas assets has become more prominent • International debt dependence is higher than any period in history

@ 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.

@ 6be5cc06:5259daf0

At

at é uma ferramenta de agendamento de tarefas em Linux usada para executar comandos únicos em um horário e data específicos. Diferente do cron, que serve para tarefas recorrentes, o at executa uma única vez.

Como usar o at

1. Verifique se o at está instalado

bash which at

Se não estiver instalado:

bash sudo apt install at

E inicie o serviço (caso necessário):

bash sudo systemctl enable --now atd

2. Agendar um comando

bash at 10:00 AM tomorrow

Você será levado a um prompt interativo. Digite o comando desejado e finalize com Ctrl + D.

Exemplo 1:

bash at 09:00 AM next Monday

(Entrada do usuário no prompt do at)

echo "Relatório pronto" >> ~/relatorio.txt Ctrl + D

Resultado: O trecho "relatório pronto" será incluído no documento relatorio.txt.

Exemplo 2:

bash at 21:00 Apr 15

Entrada no prompt:

notify-send "Hora de fazer backup!" Ctrl + D

Resultado: Às 21h do dia 15 de abril, o sistema exibirá uma notificação.

Formatos de Data e Hora Válidos

• now + 1 minute

• midnight

• tomorrow

• 5pm

• 08:30

• 7:00am next friday

• noon + 2 days

Visualizar tarefas agendadas

bash atq

Remover uma tarefa agendada

bash atrm <número_da_tarefa>

Você encontra o número da tarefa com atq.

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cron

O cron é um utilitário de agendamento de tarefas baseado no tempo. Permite executar comandos ou scripts automaticamente em horários específicos. Ele depende do daemon crond, que deve estar ativo e em execução contínua no sistema.

Arquivo de configuração:

• Cada usuário pode editar seu próprio agendador com:

  bash crontab -e

• O formato padrão de uma linha no crontab:

  m h dom mon dow comando

|Campo|Descrição|Valores possíveis| |---|---|---| |m|Minuto|0–59| |h|Hora|0–23| |dom|Dia do mês|1–31| |mon|Mês|1–12| |dow|Dia da semana|0–6 (0 = Domingo)| |comando|Comando a executar|Qualquer comando shell válido|

Exemplos:

• Executar um script a cada minuto:

  bash * * * * * /usr/local/bin/execute/this/script.sh

• Fazer backup no dia 10 de junho às 08:30:

  bash 30 08 10 06 * /home/sysadmin/full-backup

• Backup todo domingo às 5h da manhã:

  bash 0 5 * * 0 tar -zcf /var/backups/home.tgz /home/

Limitações:

Tarefas agendadas com cron não são executadas se o computador estiver desligado ou suspenso no horário programado. O comando é simplesmente ignorado. Use cron para tarefas com data/hora exatas.

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anacron

O anacron é uma alternativa ao cron voltada para sistemas que não ficam ligados o tempo todo, como notebooks e desktops. Ele garante a execução de tarefas periódicas (diárias, semanais, mensais) assim que possível após o sistema ser ligado, caso tenham sido perdidas. Use anacron para tarefas periódicas tolerantes a atrasos.

Verificação da instalação:

bash anacron -V

Instalação (caso necessário):

bash sudo apt update sudo apt install anacron

Arquivo de configuração:

/etc/anacrontab

Acessado com:

sudo nano /etc/anacrontab

Formato de cada linha:

PERIOD DELAY IDENT COMMAND

| Campo | Descrição | | ------- | ------------------------------------------- | | PERIOD | Intervalo em dias (1 = diário, 7 = semanal) | | DELAY | Minutos a esperar após o boot | | IDENT | Nome identificador da tarefa | | COMMAND | Comando ou script a ser executado |

Exemplo:

bash 1 3 limpeza-temporarios /home/usuario/scripts/limpar_tmp.sh

Executa o script uma vez por dia, 3 minutos após o sistema ser ligado.

Nota: Não é necessário usar run-parts nem cron.daily para tarefas personalizadas. Basta apontar diretamente para o script desejado. O run-parts só deve ser usado quando se deseja executar todos os scripts de um diretório.

Ativação do serviço:

bash sudo systemctl enable --now anacron

Verificação de status:

bash systemctl status anacron

Logs de execução:

bash grep anacron /var/log/syslog

/etc/anacrontab: Arquivo de Configuração do anacron

O arquivo /etc/anacrontab define tarefas periódicas a serem executadas pelo anacron, garantindo que comandos sejam executados mesmo que o computador esteja desligado no horário originalmente programado.

Cabeçalho Padrão

bash SHELL=/bin/sh HOME=/root LOGNAME=root

• SHELL: Shell padrão utilizado para executar os comandos.

• HOME: Diretório home usado durante a execução.

• LOGNAME: Usuário associado à execução das tarefas.

Entradas Padrão do Sistema

bash 1 5 cron.daily run-parts --report /etc/cron.daily 7 10 cron.weekly run-parts --report /etc/cron.weekly @monthly 15 cron.monthly run-parts --report /etc/cron.monthly

|Campo|Significado| |---|---| |1|Executa a tarefa diariamente (a cada 1 dia)| |5|Espera 5 minutos após o boot| |cron.daily|Identificador da tarefa (usado nos logs)| |run-parts|Executa todos os scripts dentro do diretório|

Diretórios utilizados:

• /etc/cron.daily: scripts executados uma vez por dia

• /etc/cron.weekly: scripts semanais

• /etc/cron.monthly: scripts mensais

O comando run-parts executa automaticamente todos os scripts executáveis localizados nesses diretórios.

Personalização

Para adicionar tarefas personalizadas ao anacron, basta adicionar novas linhas com o formato:

PERIOD DELAY IDENT COMMAND

Exemplo:

bash 1 3 limpeza-temporarios /home/usuario/scripts/limpar_tmp.sh

Executa o script limpar_tmp.sh diariamente, com 3 minutos de atraso após o boot.

Importante: Não é necessário — nem recomendado — usar run-parts quando a intenção é executar um script individual. O run-parts espera um diretório e ignora arquivos individuais. Usar run-parts com um script individual causará falha na execução.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. Šta je Bitcoin?
2. Šta Bitcoin može da učini za vas?
3. Zašto ljudi kupuju Bitcoin?
4. Da li je vaš novac siguran u dolarima, kućama, akcijama ili zlatu?
5. Šta je bolje za štednju od dolara, kuća i akcija?
6. Po čemu se Bitcoin razlikuje od ostalih valuta?
7. kako Bitcoin spašava svet?
8. Kako mogu da saznam više o Bitcoin-u?

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Bitcoin čini da štednja novca bude kul – i praktična – ponovo. Ovaj članak objašnjava kako i zašto.

Šta je Bitcoin?

Bitcoin se naziva digitalno zlato, mašina za istinu, blockchain, peer to peer mreža čvorova, energetski ponor i još mnogo toga. Bitcoin je, u stvari, sve ovo. Međutim, ova objašnjenja su često toliko tehnička i suvoparna, da bi većina ljudi radije gledala kako trava raste. Što je najvažnije, ova objašnjenja ne pokazuju kako Bitcoin ima bilo kakve koristi za vas.

iPod nije postao kulturološka senzacija jer ga je Apple nazvao „prenosnim digitalnim medijskim uređajem“. Postao je senzacija jer su ga zvali “1,000 pesama u vašem džepu.”

Ne zanima vas šta je Bitcoin. Vas zanima šta on može da učini za vas.

Baš kao i Internet, vaš auto, vaš telefon, kao i mnogi drugi uređaji i sistemi koje svakodnevno koristite, vi ne treba da znate šta je Bitcoin ili kako to funkcioniše da biste razumeli šta on može da učini za vas.

Šta Bitcoin može da učini za vas?

Bitcoin može da sačuva vaš teško zarađeni novac.

Bitcoin je stekao veliku pažnju u 2017. i 2018. godini zbog svoje spekulativne upotrebe. Mnogi ljudi su ga kupili nadajući se da će se obogatiti. Cena je naglo porasla, a zatim se srušila. Ovo nije bio prvi put da je Bitcoin uradio to. Međutim, niko nikada nije izgubio novac držeći bitcoin duže od 3,5 godine – ćak i ako je kupio na apsolutnim vrhovima.

Zašto Bitcoin konstantno raste? Ljudi počinju da shvataju koliko je Bitcoin moćan, kao način uštede novca u svetu u kojem je ’novac’ poput dolara, eura i drugih nacionalnih valuta dizajniran da gubi vrednost.

Ovo čini Bitcoin odličnom opcijom za štednju novca na nekoliko godina ili više. Bitcoin je bolji od štednje novca u dolarima, akcijama, nekretninama, pa čak i u zlatu.

Zato pokušajte da zaboravite na trenutak na razumevanje blockchaina, digitalne valute, kriptografije, seed fraza, novčanika, rudarstva i svih ostalih nerazumljivih termina. Za sada, razgovarajmo o tome zašto ljudi kupuju Bitcoin: razlog je prostiji nego što vi mislite.

Zašto ljudi kupuju Bitcoin?

Naravno, svako ima svoj razlog za kupovinu Bitcoin-a. Jedan od razloga, koji verovatno često čujete, je taj što mu vrednost raste. Ljudi žele da se obogate. Uskoče kao spekulanti, krenu u vožnju i najverovatnije ih prodaju ubrzo nakon kupovine.

Međutim, čak i kada cena krene naglo prema gore i strmoglavo padne nazad, mnogi ljudi ostanu i nakon tog pada. Otkud mi to znamo? Broj aktivnih novčanika dnevno, koji je otprilike sličan broju korisnika Bitcoin-a, nastavlja da raste. Takođe, nakon svakog balona u istoriji Bitcoin-a, cena se nikada ne vraća na svoju cenu pre balona. Uvek ostane malo višlja. Bitcoin se penje, a svaka masovna spekulativna serija dovodi sve više i više ljudi.

Broj aktivnih Bitcoin novčanika neprekidno raste

„Aktivna adresa“ znači da je neko tog dana poslao Bitcoin transakciju. Donji grafikon je na logaritamskoj skali.

Izvor: Glassnode

Cena Bitcoina se neprestano penje

Kroz istoriju Bitcoin-a možemo videti divlje kolebanje cena, ali nakon svakog balona, cena se ostaje višlja nego pre. Ovo je cena Bitcoin-a na logaritamskoj skali.

Izvor: Glassnode

To pokazuje da se ljudi zadržavaju: potražnja za Bitcoin-om se povećava. Da je svaki masovni rast cena bio samo balon koji su iscenirali prevaranti koji žele brzo da se obogate, cena bi se vratila na nivo pre balona. To se dogodilo sa lalama, ali ne i sa Bitcoin-om.

I zašto se onda cena Bitcoin-a stalno povećava? Sve veći broj ljudi čuva Bitcoin dugoročno – oni razumeju šta Bitcoin može učiniti za njihovu štednju.

Zašto ljudi štede svoj novac u Bitcoin-u umesto na štednim računima, kućama, deonicama ili zlatu? Hajde da pogledajmo sve te metode štednje, i zatim da ih uporedimo sa Bitcoin-om.

Da li je vaš novac siguran u dolarima, kućama, akcijama ili zlatu?

Tokom mnogo godina, to su bile pristojne opcije za štednju. Međutim, sistem koji podržava vrednost svega ovoga je u krizi.

Dolari, Euri, Dinari

Dolari i sve ostale „tradicionalne“ valute koje proizvode vlade, stvorene su da izgube vrednost kroz inflaciju. Banke i tradicionalni monetarni sistem uzrokuju inflaciju stalnim stvaranjem i distribucijom novog novca. Kada Američke Federalne Rezerve objave ciljanu stopu od 2% inflacije, to znači da žele da vaš novac svake godine izgubi 2% od svoje vrednosti. Čak i sa inflacijom od samo 2%, vaša štednja u dolarima izgubiće polovinu vrednosti tokom 40-godišnjeg radnog veka.

Izveštena inflacija se danas opasno povečava, uprkos rastućem „buretu sa barutom“ koji bi mogao da explodira i dovede do masivne hiperinflacije. Što je više valute u opticaju, to je više baruta u buretu.

Naše vlade su ekonomiju napunile valutama da bankarski sistem ne bi propao nakon finansijske krize koja se dogodila 2008. godine. Od tada je većina glavnih centralnih banaka postavila vrlo niske kamatne stope, što pojedincima i korporacijama omogućava dobijanje jeftinijih kredita. To znači da mnogi pojedinci i korporacije podižu ogromne kredite i koriste ih za kupovinu druge imovine poput deonica, umetničkih dela i nekretnina. Sve ovo pozajmljivanje znači da stvaramo tone novog novca i stavljamo ga u opticaj.

Računi za podsticaje (stimulus bills) COVID-19 za 2020. godinu unose trilione u sistem. Ovoliko stvaranje valuta na kraju dovodi do inflacije – velikog gubitka u vrednosti valute.

Količina američkog dolara u opticaju gotovo se udvostručila od marta 2020. godine. Izvor

Računi za podsticaje su bez presedana, toliko da je neko izmislio meme da opiše ovu situaciju.

Resurs koji vlade mogu da naprave u većem broju da bi platile svoje račune? Ne zvuči kao dobro mesto za štednju novca.

Kuće

Kuće su tokom prošlog veka bile pristojan način štednje novca. Međutim, pad cena nekretnina 2007. godine doveo je do toga da su mnogi vlasnici kuća izgubili svu ušteđevinu.

Danas su kuće gotovo nepristupačne za prosečnog čoveka. Jedan od načina da se ovo izmeri je koliko godišnjih zarada treba prosečnom čoveku da zaradi ekvivalent vrednosti prosečne kuće. Prema CityLab-u, publikaciji Bloomberg-a koja pokriva gradove, porodica može da priuštiti određenu kuću ako košta manje od 2,6 godišnjih prihoda domaćinstva te porodice.

Međutim, prema RZS (Republički zavod za statistiku) prosečan prihod porodičnog domaćinstva u Srbiji iznosi oko 570 EUR mesečno ili otprilike 7.000 EUR godišnje. Nažalost, samo najjeftinija područja van gradova imaju srednje cene kuća od oko 2,6 prosečnih godišnjih prihoda domaćinstva. U većim gradovima poput Beograda i Novog Sada srednja cena kuće je veća od 10 prosečnih godišnjih prihoda jednog domaćinstva.

Ako nekako možete sebi da priuštite kuću, ona bi mogla biti pristojna zaliha vrednosti. Dokle god ne doživimo još jedan krah i izvršitelji zaplene ovu imovinu mnogim vlasnicima kuća.

Akcije

Berza je u prošlosti takođe dobro poslovala. Međutim, sporo i stabilno povećanje tržišta događa se u dosadnom, predvidljivom svetu. Svakog dana vidimo sve manje toga. Nakon ubrzanja korona virusa, videli smo smo najbrži pad američke berze u istoriji od 25% – brži od Velike depresije.

Neki se odlučuju za ulaganje u obveznice i drugu finansijsku imovinu, ali ’prinosi’ za tu imovinu – procenat kamate zarađene na imovinu iz godine u godinu – stalno opada. Sve veći broj odredjenih imovina ima čak i negativne prinose, što znači da posedovanje te imovine košta! Ovo je veliki problem za sve koji se oslanjaju na penziju. Plus, s obzirom na to da su akcije denominovane u tradicionalnim valutama poput dolara i evra, inflacija pojede prinos koji investitor dobije.

Najgore od svega je to što ti isti ekonomski krahovi koji uzrokuju masovna otpuštanja i teško tržište rada takođe znače i nagli pad cena akcija. Čuvanje ušteđevine u akcijama može značiti i gubitak štednje i gubitak posla zbog recesije. Teška vremena mogu da vas prisile da svoje akcije prodate po vrlo malim cenama samo da biste platili svoje račune.

A to nije baš siguran način štednje novca.

Zlato

Vrednost zlata neprekidno se povećavala tokom 5000 godina, obično padajući onda kada berza obećava jače prinose.

Cena zlata

Evidencija vrednosti zlata je solidna. Međutim, zlato nosi i druge rizike. Većina ljudi poseduje zlato na papiru. Oni fizički ne poseduju zlato, već ga njihova banka čuva za njih. Zbog toga je zlato veoma podložno konfiskaciji od strane vlade.

Zašto bi vlada konfiskovala nečije zlato, a kamoli u demokratskoj zemlji u „slobodnom svetu“? Ali to se dešavalo i ranije. 1933. godine Izvršnom Naredbom 6102, predsednik Roosevelt naredio je svim Amerikancima da prodaju svoje zlato vladi u zamenu za papirne dolare. Vlada je iskoristila pretnju zatvorom za prikupljanje zlata u fizičkom obliku. Znali su da se zlato više poštuje kao zaliha vrednosti širom sveta od papirnih dolara.

Ako posedujete svoje zlato na nekoj od aplikacija za trgovanje akcijama, možete se kladiti da će vam ga država oduzeti ako joj zatreba. Čak i ako posedujete fizičko zlato, onda ga izlažete mogućnosti krađe – od strane kriminalca ili vaše vlade.

Vaša uštedjevina nije bezbedna.

Rast cena svih gore navedenih sredstava zavisi od našeg trenutnog političkog i ekonomskog sistema koji se nastavlja kao i tokom proteklih 100 godina. Međutim, danas vidimo ogromne pukotine u ovom sistemu.

Sistem ne funkcioniše dobro za većinu ljudi.

Od 1971. plate većine američkih radnika nisu rasle. S druge strane, bogatstvo koje imaju najbogatiji u društvu nalazi se na nivoima koji nisu viđeni više od 80 godina. U međuvremenu, ljudi sve manje i manje veruju institucijama poput banaka i vlada.

EPI Plate VS Produktivnost

CBPP Nejednakost Bogatstva Tokom Vremena

Edelman Studija Poverenja

Širom sveta možemo videti dokaze o slamanju sistema kroz politički ekstremizam: izbor Trampa i drugih ekstremističkih desničarskih kandidata, Bregzit, pokret Occupy, popularizacija koncepta univerzalnog osnovnog dohotka, povratak pojma „socijalizam“ nazad u modu. Ljudi na svim delovima političkog i društvenog spektra osećaju problematična vremena i posežu za sve radikalnijim rešenjima.

Šta je bolje za štednju od dolara, kuća i akcija?

Pa kako ljudi mogu da štede novac u ovim teškim vremenima? Ili ne koriste tradicionalne valute, ili kupuju sredstva koja će zadržati vrednost u teškim vremenima.

Bitcoin ima najviše potencijala da zadrži vrednost kroz politička i ekonomska previranja od bilo koje druge imovine. Na tom putu će biti rupa na kojima će se rušiti ili pumpati, međutim, njegova svojstva čine ga takvim da će verovatno preživeti previranja kada druga imovina ne bude to mogla.

Šta Bitcoin čini drugačijim?

Bitcoini su retki.

Proces ‘rudarenja’ bitcoin-a, proizvodnju bitcoin-a čini veoma skupom, a Bitcoin protokol ograničava ukupan broj bitcoin-a na 21 milion novčića. To čini Bitcoin imunim na nagle poraste ponude. Ovo se veoma razlikuje od tradicionalnih valuta, koje vlade mogu da štampaju sve više kad god one to požele. Zapamtite, povećanje ponude vrši veliki pritisak na vrednost valute.

Bitcoini nemaju drugu ugovornu stranu.

Bitcoin se takođe razlikuje od imovine kao što su obveznice, akcije i kuće, jer mu nedostaje druga ugovorna strana. Druge ugovorne strane su drugi subjekti uključeni u vrednost sredstva, koji to sredstvo mogu obezvrediti ili vam ga uzeti. Ako imate hipoteku na svojoj kući, banka je druga ugovorna strana. Kada sledeći put dođe do velikog finansijskog kraha, banka vam može oduzeti kuću. Kompanije su kvazi-ugovorne strane akcijama i obveznicama, jer mogu da počnu da donose loše odluke koje utiču na njihovu cenu akcija ili na „neizvršenje“ duga (da ga ne vraćaju vama ili drugim poveriocima). Bitcoin nema ovih problema.

Bitcoin je pristupačan.

Svako sa 5 eura i mobilnim telefonom može da kupi i poseduje mali deo bitcoin-a. Važno je da znate da ne morate da kupite ceo bitcoin. Bitcoin-i su deljivi do 100-milionite jedinice, tako da možete da kupite Bitcoin u vrednosti od samo nekoliko eura. Neuporedivo lakše nego kupovina kuće, zlata ili akcija!

Bitcoin se ne može konfiskovati.

Banke drže većinu vaših eura, zlata i akcija za vas. Većina ljudi u razvijenom svetu veruje bankama, jer većina ljudi koji žive u današnje vreme nikada nije doživela konfiskaciju imovine ili ’šišanje’ od strane banaka ili vlada. Nažalost, postoji presedan za konfiskaciju imovine čak i u demokratskim zemljama sa snažnom vladavinom prava.

Kada vlada konfiskuje imovinu, ona obično ubedi javnost da će je menjati za imovinu jednake vrednosti. U SAD-u 1930-ih, vlada je davala dolare vlasnicima zlata. Vlada je znala da uvek može da odštampa još više dolara, ali da ne može da napravi više zlata. Na Kipru 2012. godine, jedna propala banka je svojim klijentima dala deonice banke da pokrije dolare klijenata koje je banka trebala da ima. I dolari i deonice su strmoglavo opali u odnosu na imovinu koja je uzeta od ovih ljudi.

Doći do bitcoin-a koji ljudi poseduju, biće mnogo teže jer se bitcoin-i mogu čuvati u novčaniku koji ne poseduje neka treća strana, a vi možete čak i da zapamtite privatne ključeve do vašeg bitcoin-a u glavi.

Bitcoin je za štednju.

Bitcoin se polako pokazuje kao najbolja opcija za dugoročnu štednju novca, posebno s obzirom na današnju ekonomsku klimu. Posedovanje čak i malog dela, je polisa osiguranja koja se isplati ako svet i dalje nastavi da ludi. Cena Bitcoin-a u dolarima može divlje da varira u roku od godinu ili dve, ali tokom 3+ godine skoro svi vide slične ili više cene od trenutka kada su ga kupili. U stvari, doslovno niko nije izgubio novac čuvajući Bitcoin duže od 3,5 godine – čak i ako je kupio BTC na apsolutnim vrhovima tržišta.

Imajte na umu da nakon ove tačke ti ljudi više nikada nisu videli rizik od gubitka. Cena se nikada nije smanjila niže od najviše cene u prethodnom ciklusu.

Po čemu se Bitcoin razlikuje od ostalih valuta?

Bitcoin funkcioniše tako dobro kao način štednje zbog svog neobičnog dizajna, koji ga čini drugačijim od bilo kog drugog oblika novca koji je postojao pre njega. Bitcoin je digitalna valuta, prvi i verovatno jedini primer valute koja ima ograničenu ponudu dok radi na otvorenom, decentralizovanom sistemu. Vlade strogo kontrolišu valute koje danas koristimo, poput dolara i eura, i proizvode ih za finansiranje ratova i dugova. Korisnici Bitcoin-a – poput vas – kontrolišu Bitcoin protokol.

Evo šta Bitcoin razlikuje od dolara, eura i drugih valuta:

Bitcoin je otvoren sistem.

Svako može da odluči da se pridruži Bitcoin mreži i primeni pravila softverskog protokola, što je dovelo do vrlo decentralizovanog sistema u kojem nijedan pojedinac ili entitet ne može da blokira transakciju, zamrzne sredstva ili da ukrade od druge osobe.Današnji savremeni bankarski sistem se uveliko razlikuje. Nekoliko banaka je dobilo poverenje da gotovo sve valute, akcije i druge vredne predmete čuvaju na “sigurnom” za svoje klijente. Da biste postali banka, potrebni su vam milioni dolara i neverovatne količine političkog uticaja. Da biste pokrenuli Bitcoin čvor i postali „svoja banka“, potrebno vam je nekoliko stotina dolara i jedno slobodno popodne.

Tako izgleda Bitcoin čvor – Node MyNode čvor vam omogućava da postanete svoja banka za samo nekoliko minuta.

Bitcoin ima ograničenu ponudu.

Softverski protokol otvorenog koda koji upravlja Bitcoin sistemom ograničava broj novih bitcoin-a koji se mogu stvoriti tokom vremena, sa ograničenjem od ukupno 21.000.000 bitcoin-a. S druge strane, valute koje danas koristimo imaju neograničenu ponudu. Istorija i sadašnje odluke centralnih banaka govore nam da će vlade uvek štampati sve više i više valuta, sve dok valuta ne bude bezvredna. Sve ovo štampanje uzrokuje inflaciju, što pravi štetu običnim radnim ljudima i štedišama.

Tradicionalne valute su dizajnirane tako da opadaju vremenom. Svaki put kada centralna banka kaže da cilja određenu stopu inflacije, oni ustvari kažu da žele da vaš novac svake godine izgubi određeni procenat svoje vrednosti.

Bitcoin-ova ograničena ponuda znači da je on tako dizajniran da raste vremenom kako se potražnja za njim povećava.

Bitcoin putuje oko sveta za nekoliko minuta.

Svako može da pošalje bitcoin-e za nekoliko minuta širom sveta, bez obzira na granice, banke i vlade. Potrebno je manje od minuta da se transakcija pojavi na novčaniku primaoca i oko 60 minuta da se transakcija u potpunosti „obračuna“, tako da primaoc može da bude siguran da su primljeni bitcoin-i sada njegovi (6 konfirmacija bloka). Slanje drugih valuta širom sveta traje danima ili čak mesecima ako se šalju milionski iznosi, a podrazumeva i visoke naknade.

Neke vlade i novinari tvrde da ova sloboda putovanja koju pruža Bitcoin pomaže kriminalcima i teroristima. Međutim, transakciju Bitcoin-a je lakše pratiti nego većinu transakcija u dolarima ili eurima.

Bitcoin se može čuvati na “USB-u”.

Dizajn Bitcoin-a je takav da vam treba samo da čuvate privatni ključ do svojih ‘bitcoin’ adresa (poput lozinke do bankovnih računa) da biste pristupili svojim bitcoin-ima odakle god poželite. Ovaj privatni ključ možete da sačuvate na disku ili na papiru u obliku 12 ili 24 reči na engleskom jeziku. Kao rezultat toga, možete da držite Bitcoin-e vredne milione dolara u svojoj šaci.

Sve ostale valute danas možete ili da strpate u svoj dušek ili da ih poverite banci na čuvanje. Za većinu ljudi koji žive u razvijenom svetu, i koji ne osporavaju autoritet i poverenje u banku, ovo deluje sasvim dobro. Međutim, oni kojima je potrebno da pobegnu od ugnjetavačke vlade ili koji naljute pogrešne ljude, ne mogu verovati bankama. Za njih je sposobnost da nose svoju ušteđevinu bez potrebe za ogromnim koferom neprocenjiva. Čak i ako ne živite na mestu poput ovog, cena Bitcoin-a se i dalje povećava kada ih neko kome oni trebaju kupi.

Kako Bitcoin spašava svet?

Bitcoin, kao ultimativni način štednje, je cakum pakum, ali da li on pomaže u poboljšanju sveta u celini?

Kao što ćete početi da shvatate, ulazeći sve dublje i u druge sadržaje na ovoj stranici, mnogi temeljni delovi našeg današnjeg monetarnog sistema i ekonomije su duboko slomljeni. Međutim, oni koji upravljaju imaju korist od ovakvih sistema, pa se on verovatno neće promeniti bez revolucije ili mirnog svrgavanja od strane naroda. Bitcoin predstavlja novi sistem, sa nekoliko glavnih prednosti:

• Bitcoin popravlja novac, koji je milenijumima služio kao važan alat za rast i poboljšanje društva.
• Bitcoin vraća zdrav razum pozajmljivanju, uklanjanjem apsurdnih situacija poput negativnih kamatnih stopa (gde zajmitelj plaća da bi se zadužio).
• Bitcoin pokreće ulaganja u obnovljive izvore energije i poboljšava energetsku efikasnost u mreži, služeći kao „krajnji kupac“ za sve vrste energije.

Kako mogu da saznam više o Bitcoin-u?

Ovaj članak vam je dao osnovno razumevanje zašto biste trebali razmišljati o Bitcoin-u. Ako želite da saznate više, preporučujem ove resurse:

• Film "Bitcoin: Kraj Novca Kakav Poznajemo"
• Još uvek je rano za Bitcoin
• Zasto baš Bitcoin?
• Šta je to Bitcoin?
• The Bitcoin Whitepaper ← objavljen 2008. godine, ovo je izložio dizajn za Bitcoin.

@ 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.

@ 1c5ff3ca:efe9c0f6

Auto-Deployment on a VPS with GitHub Actions

Introduction

This tutorial describes how you can deploy an application on a VPS using GitHub Actions. This way, changes in your GitHub repository are automatically deployed to your VPS.

Prerequisites

• GitHub Account
• GitHub Repository
• Server + SSH access to the server

Step 1 - SSH Login to Server

Open a terminal and log in via SSH. Then navigate to the .ssh directory

ssh user@hostname cd ~/.ssh

Step 2 - Create an SSH Key

Now create a new SSH key that we will use for auto-deployment. In the following dialog, simply press "Enter" repeatedly until the key is created.

ssh-keygen -t ed25519 -C "service-name-deploy-github"

Step 3 - Add the Key to the authorized_keys File

cat id_ed25519.pub >> authorized_keys

(If you named the key file differently, change this accordingly)

Step 4 - GitHub Secrets

In order for the GitHub Action to perform the deployment later, some secrets must be stored in the repository. Open the repository on GitHub. Navigate to "Settings" -> "Secrets And Variables" -> "Actions". Add the following variables:

• HOST: Hostname or IP address of the server
• USERNAME: Username you use to log in via SSH
• SSHKEY: The private key (copy the content from cat ~/.ssh/id_ed25519)
• PORT: 22

Step 5 - Create the GitHub Action

Now create the GitHub Action for auto-deployment. The following GitHub Action will be used: https://github.com/appleboy/scp-action In your local repository, create the file .github/workflows/deploy.yml:

```yaml name: Deploy on: [push] jobs: build: runs-on: ubuntu-latest steps: - uses: actions/checkout@v1 - name: Copy repository content via scp uses: appleboy/scp-action@master with: host: ${{ secrets.HOST }} username: ${{ secrets.USERNAME }} port: ${{ secrets.PORT }} key: ${{ secrets.SSHKEY }} source: "." target: "/your-target-directory"

- name: Executing a remote command
  uses: appleboy/ssh-action@master
  with:
    host: ${{ secrets.HOST }}
    username: ${{ secrets.USERNAME }}
    port: ${{ secrets.PORT }}
    key: ${{ secrets.SSHKEY }}
    script: |
      ls

```

This action copies the repository files to your server using scp. Afterwards, the ls command is executed. Here you can add appropriate commands that rebuild your service or similar. To rebuild and start a docker service you could use something like this or similar: docker compose -f target-dir/docker-compose.yml up --build -d Now commit this file and in the "Actions" tab of your repository, the newly created action should now be visible and executed. With every future change, the git repository will now be automatically copied to your server.

Sources

I read this when trying out, but it did not work and I adapted the deploy.yml file: https://dev.to/knowbee/how-to-setup-continuous-deployment-of-a-website-on-a-vps-using-github-actions-54im

@ 6be5cc06:5259daf0

A posição do libertário que rejeita o cristianismo padece de sérias incoerências lógicas, históricas e filosóficas. Ao renegar as bases espirituais e culturais que tornaram possível o próprio ideal libertário, tal posição demonstra ser, ao mesmo tempo, autofágica e irracional. É o caso de alguém que se gloria dos frutos de uma árvore que corta pela raiz.

---

I. Fundamento histórico: a civilização da liberdade é cristã

Não foi o secularismo moderno, nem o paganismo antigo, que ergueram as instituições que protegem a dignidade da pessoa humana e os limites ao poder. Desde os primeiros séculos, a Igreja resistiu ao culto estatal romano, afirmando a soberania de Deus sobre os Césares — "Mais importa obedecer a Deus que aos homens" (Atos 5,29).

Foi o cristianismo que:

• Fundou universidades livres, onde o saber era buscado sob o primado da verdade;

• Defendeu a lei natural como fundamento do direito — uma doutrina que protege o indivíduo contra tiranias;

• Resgatou e aprofundou o conceito de pessoa, dotada de razão e livre-arbítrio, imagem de Deus, e, portanto, inalienavelmente digna e responsável.

Em momentos-chave da história, como nas disputas entre papado e império, nas resistências contra absolutismos, e na fundação do direito internacional por Francisco de Vitoria e a Escola de Salamanca, foi o cristianismo quem freou o poder estatal em nome de princípios superiores. A tradição cristã foi frequentemente o principal obstáculo à tirania, não seu aliado.

Negar isso é amputar a própria genealogia da liberdade ocidental.

Uma das chaves do cristianismo para a construção dessa civilização da liberdade foi a exaltação do individualismo. Ao afirmar que o ser humano é feito à imagem de Deus e que sua salvação é uma escolha pessoal, o cristianismo colocou o indivíduo no centro da moralidade e da liberdade. Diferente dos gregos, cuja ética era voltada para a polis e a cidade-estado, o cristianismo reafirma a suprema importância do indivíduo, com sua capacidade de escolha moral, responsabilidade pessoal e dignidade intrínseca. Esse princípio, mais do que qualquer outra religião, foi o alicerce do desenvolvimento da liberdade individual e da autonomia, valores que sustentam a civilização ocidental.

A ética grega, na melhor das hipóteses, descreve a ordem natural — mas não consegue justificar por que essa ordem deveria obrigar a vontade humana. Um Logos impessoal não tem autoridade moral. Uma ordem cósmica sem um Legislador é apenas um dado de fato, não uma norma vinculante. A vontade pode rebelar-se contra o telos — e sem um Deus justo, que ordena a natureza à perfeição, não há razão última para não o fazer.

A cultura grega teve uma influência indiscutível sobre o desenvolvimento da civilização ocidental, mas o cristianismo não só absorveu o que havia de bom na cultura grega, como também elevou e completou esses aspectos. O cristianismo, ao afirmar que todos os homens são feitos à imagem e semelhança de Deus e têm dignidade intrínseca, levou a uma noção de igualdade moral e liberdade que transcende as limitações da pólis grega.

---

II. Falsa dicotomia: fé e liberdade não são opostas

Com frequência equiparam a religião à coerção e à obediência cega. Mas isso é um equívoco: o cristianismo não se impõe pela força, mas apela à consciência. O próprio Deus, em sua relação com a criatura racional, respeita sua liberdade. Como ensina a Escritura:

"Se alguém quiser vir após mim..." (Mt 16,24);
"Eis que estou à porta e bato. Se alguém ouvir a minha voz e abrir a porta, entrarei em sua casa e cearei com ele." (Ap 3,20);
"Assim falai, e assim procedei, como devendo ser julgados pela lei da liberdade." (Tiago 2,12).

A adesão à fé deve ser livre, voluntária e racional, pois sem liberdade não há verdadeiro mérito, nem amor genuíno. Isso é mais compatível com o princípio de não agressão do que qualquer utopia secular. Ora, o núcleo do evangelho é voluntarista: salvação pessoal, conversão interior, caridade.

Ninguém deve ser forçado, contra sua vontade, a abraçar a fé, pois o ato de fé é por sua natureza voluntário (Dignitatis Humanae; CDC, cân. 748,2)

Se algum Estado usa da força para impor o cristianismo, afirmar que o cristianismo causou as coerções é tão equivocado quanto dizer que a propriedade privada causa o comunismo; é uma inversão da realidade, pois o comunismo surge precisamente da violação da propriedade. Portanto, a fé forçada é inválida em si mesma, pois viola a natureza do ato de crer, que deve ser livre.

---

III. Fundamento moral: sem transcendência, o libertarianismo flutua no vácuo

O libertário anticristão busca defender princípios objetivos — como a inviolabilidade do indivíduo e a ilegitimidade da agressão — sem um fundamento transcendente que lhes dê validade universal. Por que a agressão é errada? Por que alguém tem direito à vida, à liberdade, à propriedade? Sem uma explicação transcendental, as respostas para tais perguntas se tornam apenas opiniões ou convenções, não obrigações morais vinculantes. Se a moralidade é puramente humana, então os direitos podem ser modificados ou ignorados conforme a vontade da sociedade. O conceito de direitos naturais, tão caro ao libertarianismo, precisa de um solo metafísico que justifique sua universalidade e imutabilidade. Caso contrário, eles podem ser tratados apenas como acordos utilitários temporários ou preferências culturais, sem qualquer obrigatoriedade para todos os seres humanos em todas as circunstâncias.

Pensadores libertários seculares, como Ayn Rand e Murray Rothbard, tentaram ancorar os direitos naturais na razão humana ou na natureza do homem. Rand baseia sua ética no egoísmo racional, enquanto Rothbard apela à lei natural. Embora essas abordagens busquem objetividade, elas carecem de uma resposta definitiva para por que a razão ou a natureza humana obrigam moralmente todos os indivíduos. Sem um fundamento transcendente, suas concepções permanecem vulneráveis a interpretações subjetivas ou a cálculos utilitários.

Aqui, o cristianismo oferece uma explicação sólida e transcendental que fundamenta os direitos naturais. A visão cristã de que o ser humano foi criado à imagem e semelhança de Deus confere à pessoa uma dignidade intrínseca, imutável e universal. Essa dignidade não depende de fatores externos, como consenso social ou poder político, mas é uma característica inerente ao ser humano pela sua criação divina. A partir dessa perspectiva teológica, torna-se possível afirmar com base sólida que os direitos naturais são dados por Deus e, portanto, são universais e vinculantes.

O cristianismo também é a base de um sistema moral que distingue claramente justiça de legalidade. O Estado pode criar leis, mas isso não significa que essas leis sejam justas. A justiça, sob a ótica cristã, é uma expressão da ordem moral objetiva, algo que transcende as leis humanas e é definido pela vontade divina. Por isso, o libertarianismo cristão vê a agressão como uma violação de uma ordem moral objetiva, e não apenas uma violação de uma convenção social ou de um acordo utilitário.

Se a moralidade e os direitos naturais não forem fundamentados em um Logos criador e legislador, o que acontece é que o conceito de direito natural degenera para algo mais frágil, como um simples acordo utilitário. Nesse cenário, os direitos do indivíduo se tornam algo acordado entre os membros de uma sociedade, em vez de princípios imutáveis e universais. Os direitos podem ser negociados, alterados ou ignorados conforme o interesse do momento.

---

IV. Fundamento científico: a racionalidade moderna é filha da fé cristã

A ciência moderna só foi possível no contexto cultural cristão. Nenhuma outra civilização — nem a grega, nem a islâmica, nem a chinesa — produziu o método científico como o Ocidente cristão o fez.

Isso se deve a quatro premissas teológicas:

1. Criação racional: O mundo é ordenado por um Deus racional.

2. Distinção entre Criador e criatura: A natureza não é divina e pode ser estudada sem sacrilégio.

3. Valor do trabalho e da observação empírica, herdado do monaquismo.

4. Autonomia institucional, presente nas universidades medievais.

A doutrina cristã da Criação ex nihilo ensina que o mundo foi criado por um Deus racional, sábio e pessoal. Portanto, o cosmos é ordenado, possui leis, e pode ser compreendido pela razão humana — que é imagem do Criador. Isso contrasta fortemente com as cosmovisões panteístas ou mitológicas, onde o mundo é cíclico, arbitrário ou habitado por forças caprichosas.

Sem essa fé no Logos criador, não há razão para crer que a natureza tenha uma ordem inteligível universal e constante, que pode ser descoberta por observação e dedução. A ciência moderna só é possível porque, antes de investigar a natureza, pressupôs-se que ela era investigável — e isso foi uma herança direta do pensamento cristão.

Homens como Bacon, Newton, Kepler e Galileu viam na ciência um modo de glorificar o Criador. O ateísmo cientificista é, portanto, parasitário da teologia cristã, pois toma seus frutos e rejeita suas raízes. A ciência moderna nasceu como filha legítima da fé cristã. E os que hoje a usam contra sua mãe, ou são ingratos, ou ignorantes.

---

V. O cristianismo como barreira à revolução cultural

O cristianismo é a barreira mais sólida contra a infiltração revolucionária. A chamada "marcha gramsciana", que visa corroer os fundamentos morais da sociedade para subjugar o indivíduo ao coletivo, encontra sua resistência mais firme nos princípios cristãos. A fé cristã, ao proclamar a existência de uma verdade objetiva, de uma lei moral imutável e de uma dignidade humana que transcende o Estado e o consenso social, imuniza a civilização contra o relativismo e o igualitarismo nivelador do marxismo cultural.

Além disso, o cristianismo é uma tradição milenar, profundamente enraizada no cotidiano das pessoas, não sendo uma novidade a ser imposta ou implementada, mas uma força presente há séculos, que permeia a estrutura social, moral e cultural da sociedade. Sua presença constante nas comunidades, desde os tempos mais antigos, oferece uma resistência robusta contra qualquer tentativa de subverter a ordem natural e moral estabelecida.

Não por acaso, tanto Karl Marx quanto Antonio Gramsci identificaram no cristianismo o principal obstáculo à realização de seus projetos revolucionários. Marx chamou a religião de "ópio do povo" porque sabia que uma alma ancorada em Deus não se submete facilmente ao poder terreno; Gramsci, mais sutil, propôs a destruição da cultura cristã como pré-condição para o triunfo do socialismo. Sem essa âncora transcendente, a sociedade torna-se presa fácil das engenharias sociais que pretendem redefinir arbitrariamente o homem, a família e a liberdade.

---

Conclusão

O libertário anticristão, consciente ou não, nega as fundações mesmas do edifício que habita. Ao rejeitar o cristianismo, cava o abismo sob os próprios pés, privando o ideal libertário de sua base moral, cultural e racional. Ele defende a ética voluntária, a liberdade individual e a ordem espontânea, mas sem o solo metafísico e histórico que torna esses princípios inteligíveis e possíveis. É um erro tentar preservar a liberdade em termos absolutos sem reconhecer as raízes cristãs que a sustentam, pois o cristianismo é a única tradição que a legitima e a viabiliza.

Negar o cristianismo é racionalmente insustentável. A liberdade, como a conhecemos, é filha da fé cristã, que oferece a base moral e metafísica que torna a liberdade tanto desejável quanto possível. Mesmo que ateu, o libertário que ama a liberdade deveria, no mínimo, respeitar — e, idealmente, redescobrir — essas raízes cristãs. Pois sem fé, restam apenas o niilismo e o relativismo, que, eventualmente, desaguam na servidão.

Como nos ensina a tradição: Ubi fides ibi libertas — onde há fé, há liberdade.

@ 21335073:a244b1ad

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

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

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

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

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

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

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

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

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

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

@ 8d34bd24:414be32b

In our culture today, people like to have “my truth” as opposed to “your truth.” They want to have teachers who tell them what they want to hear and worship in the way they desire. The Bible predicted these times.

For the time will come when people will not put up with sound doctrine. Instead, to suit their own desires, they will gather around them a great number of teachers to say what their itching ears want to hear. (2 Timothy 4:3)

My question is, “do we get to choose what we want to believe about God and how we want to worship Him, or does God tell us what we are to believe and how we are to worship Him?”

The Bible makes it clear that He is who He says He is and He expects obedience and worship according to His commands. We do not get to decide for ourselves.

The woman said to Him, “Sir, I perceive that You are a prophet. Our fathers worshiped in this mountain, and you people say that in Jerusalem is the place where men ought to worship.” Jesus said to her, “Woman, believe Me, an hour is coming when neither in this mountain nor in Jerusalem will you worship the Father. You worship what you do not know; we worship what we know, for salvation is from the Jews. But an hour is coming, and now is, when the true worshipers will worship the Father in spirit and truth; for such people the Father seeks to be His worshipers. God is spirit, and those who worship Him must worship in spirit and truth.” (John 4:19-24) {emphasis mine}

In this passage, Jesus gently corrects the woman for worshipping what she does not know. He also says, “God is spirit, and those who worship Him must worship in spirit and truth.” He states what God is (spirit) and how He must be worshipped “in spirit and truth.” We don’t get to define God however we wish, and we don’t get to worship Him any way we wish. God is who He has revealed Himself to be and we must obey Him and worship Him the way He has commanded.

In this next passage, God makes clear that He is holy and we do not get to worship Him any way we wish. We are to interact with Him in the prescribed manner.

Now Nadab and Abihu, the sons of Aaron, took their respective firepans, and after putting fire in them, placed incense on it and offered strange fire before the Lord, which He had not commanded them. And fire came out from the presence of the Lord and consumed them, and they died before the Lord. Then Moses said to Aaron, “It is what the Lord spoke, saying,

‘By those who come near Me I will be treated as holy,\ And before all the people I will be honored.’ ”

So Aaron, therefore, kept silent. (Leviticus 10:1-3) {emphasis mine}

God had prescribed a particular way to approach Him and only those whom He had chosen (priests of the lineage of Aaron). Nadab and Abihu chose to “do it their way” and paid the price for ignoring God’s command. God set an example with them.

God has been gracious enough to reveal Himself, His character, His power, and His commands to us. If we have truly submitted ourselves to His rule, we should hunger for God’s words so we can know Him better and honor Him in obedience.

But now I come to You; and these things I speak in the world so that they may have My joy made full in themselves. I have given them Your word; and the world has hated them, because they are not of the world, even as I am not of the world. I do not ask You to take them out of the world, but to keep them from the evil one. They are not of the world, even as I am not of the world. Sanctify them in the truth; Your word is truth. (John 17:13-17) {emphasis mine}

In today’s culture, everybody likes to claim their own personal truth, but that isn’t how truth works. The truth is not determined by an individual for themselves. It isn’t even determined by a consensus or majority vote. The truth is the truth even if not one person on earth believes it. God speaks truth and God is truth. Our belief or lack thereof doesn’t change the truth, but our lack of belief in the truth, especially the truth as revealed by God in His word, can negatively affect our relationship with God.

God expects us to study His word so we can obey His commands.

For I did not speak to your fathers, or command them in the day that I brought them out of the land of Egypt, concerning burnt offerings and sacrifices. But this is what I commanded them, saying, ‘Obey My voice, and I will be your God, and you will be My people; and you will walk in all the way which I command you, that it may be well with you.’ Yet they did not obey or incline their ear, but walked in their own counsels and in the stubbornness of their evil heart, and went backward and not forward. Since the day that your fathers came out of the land of Egypt until this day, I have sent you all My servants the prophets, daily rising early and sending them. Yet they did not listen to Me or incline their ear, but stiffened their neck; they did more evil than their fathers. (Jeremiah 7:22-26) {emphasis mine}

Today you rarely see someone bowing down to a golden idol, but that doesn’t mean that we are any better at obeying God’s commands or submitting to His will. We still try to make God in our own image so He is a convenience to us and how we want to live our lives. We still put other things ahead of God — family, work, entertainment, fame, etc. Most of us aren’t any more faithful to God than the Israelites were. Just like the Israelites, we put on the trappings of faith but don’t live according to faith and faithfulness.

And He said to them, “Rightly did Isaiah prophesy of you hypocrites, as it is written:

‘This people honors Me with their lips,\ But their heart is far away from Me.\ **But in vain do they worship Me,\ Teaching as doctrines the precepts of men.’\ Neglecting the commandment of God, you hold to the tradition of men.”

He was also saying to them, “You are experts at setting aside the commandment of God in order to keep your tradition. (Mark 7:6-9) {emphasis mine}

How many “churches” and “Christian” leaders teach people according to the culture instead of according to the Word of God? How many tell people what they want to hear and what makes them feel good instead of what they need to hear — the truth as spoken through the Bible? How many church attenders follow a “Christian” leader more than they follow their Creator, Savior, and God? How many church attenders can recite the words of their leaders better than the Holy Scriptures?

I solemnly charge you in the presence of God and of Christ Jesus, who is to judge the living and the dead, and by His appearing and His kingdom: preach the word; be ready in season and out of season; reprove, rebuke, exhort, with great patience and instruction. 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. But you, be sober in all things, endure hardship, do the work of an evangelist, fulfill your ministry. (2 Timothy 4:1-5) {emphasis mine}

How can we know if a church leader is rightly preaching God’s word? We can only know if we have read the Bible and studied it. We should be like the Bereans:

Now these were more noble-minded than those in Thessalonica, for they received the word with great eagerness, examining the Scriptures daily to see whether these things were so. (Acts 17:11)

Honestly, I don’t trust any spiritual leader who doesn’t encourage me to search the Scriptures to see whether their words are true. Any leader who puts their own word above the Scriptures is a false teacher. Sadly there are many, maybe more than faithful teachers. Some false teachers are intentionally so, but many have been misled by other false teachers. Their guilt is less, but they don’t do any less harm than those who intentionally mislead.

We need to seek trustworthy teachers who speak according to the Word of God, who quote the Bible to support their opinions, and who seek the good of their followers rather than the submission of their followers.

Do not harden your hearts, as at Meribah,\ As in the day of Massah in the wilderness,

“When your fathers tested Me,\ They tried Me, though they had seen My work.\ For forty years I loathed that generation,\ And said they are a people who err in their heart,\ And they do not know My ways.\ Therefore I swore in My anger,\ Truly they shall not enter into My rest.” (Psalm 95:8-11) {emphasis mine} *Teach me good discernment and knowledge,\ For I believe in Your commandments*.\ Before I was afflicted I went astray,\ But now I keep Your word.\ You are good and do good;\ Teach me Your statutes.\ The arrogant have forged a lie against me;\ *With all my heart I will observe Your precepts*.\ Their heart is covered with fat,\ But I delight in Your law.\ It is good for me that I was afflicted,\ That I may learn Your statutes.\ The law of Your mouth is better to me\ Than thousands of gold and silver pieces. (Psalm 119:66-72) {emphasis mine}

May our Creator God teach us the truth. May He fill our hearts with the desire to be in His word daily and to seek His will. May He do what is necessary to get our attention and turn our hearts and minds fully to Him, so we can learn His statutes and serve Him faithfully, so one day we are blessed to hear, “Well done! Good and faithful servant.”

Trust Jesus.

FYI, I see lack of knowledge of truth and God’s word as one of the biggest problems in the church today; however, it is possible to know the Bible in depth, but not know God. As important as knowledge of Scriptures is, this knowledge (without faith, submission, obedience, and love) is meaningless. Knowledge doesn’t get us to heaven. Even obedience doesn’t get us to heaven. Only faith and submission to our creator God leads to salvation and heaven. That being said, we can’t faithfully serve our God without knowledge of Him and His commands. Out of gratefulness for who He is and what He has done for us, we should seek to know and please Him.

@ 9ca447d2:fbf5a36d

Sangha Renewables, a company that combines renewable energy with bitcoin mining, has started construction on a 19.9-megawatt (MW) mining facility powered 100% by solar energy. This is a big step towards making bitcoin mining cleaner, cheaper and more efficient.

The mining site is in West Texas, a region known for its strong solar and growing bitcoin mining presence.

What’s unique about this project is the “behind-the-meter” setup — the facility will draw power directly from a nearby solar site instead of the grid. This avoids some of the costs and inefficiencies of traditional energy sourcing.

The solar site where the mining facility is located has been operational for a few years. But it’s faced challenges like grid congestion and negative energy pricing – times when there’s too much energy and prices go below zero.

Sangha’s new mining operation will solve this problem by being a flexible energy consumer. When the grid has excess energy, Sangha can use it to mine bitcoin, helping to stabilize the grid and put otherwise wasted energy to work.

Related: Bitcoin Mining Clean Energy and Grid Balance | ERCOT Study

“This is a win-win-win,” said Spencer Marr, co-founder and CEO of Sangha Renewables. “The IPP (independent power producer) earns more per megawatt-hour, our investors gain exposure to low-cost bitcoin production, and we deliver grid-stabilizing load where it’s needed most.”

In addition to the tech innovation, Sangha is also changing the way people can invest in bitcoin mining.

The company just raised $14 million of its $17 million target to fund the construction and operation of the Texas facility.

Unlike traditional investments in mining companies or digital asset stocks, Sangha allows accredited investors to invest directly in the infrastructure itself through special purpose vehicles (SPVs).

Investors can put in cash or bitcoin and get ongoing payouts in bitcoin that are “well below the market price,” according to Marr. This means instead of buying bitcoin on the open market, investors are essentially earning it through the mining activity powered by renewable energy.

“Sangha is not just building bitcoin mining sites—we’re building a new model for how capital flows in and out of Bitcoin,” Marr said.

“By applying a project finance structure honed-in the renewable energy and real estate sectors, we enable investors to participate directly in productive assets—without intermediaries, speculative equities, or inefficiencies of datacenter hosting.”

Sangha’s financial and operational model uses advanced forecasting tools.

These tools allow forecasting of energy prices and bitcoin mining profitability down to 15-minute intervals. This enables the company to decide when to run the mining rigs for maximum efficiency and return on investment.

This Texas facility is a proof-of-concept. If it works, it will open the door for others across the U.S.

Sangha believes many underutilized renewable energy sites could benefit from this kind of setup, especially in areas that produce more energy than the grid can handle.

Using a capital-efficient, investor-aligned model and working with independent power producers (IPPs) Sangha plans to scale this nationwide. The facility will be fully operational by Q3 2025.

@ cae03c48:2a7d6671

Bitcoin Magazine

One out of Four People Own Bitcoin and Crypto in 2025: Report

Today, Gemini, a crypto platform, released its 2025 Global State of Crypto Report, revealing a notable increase in cryptocurrency adoption in different countries. According to a press release sent to Bitcoin Magazine, ownership among respondents in the US, UK, France, and Singapore rose from one in five (21%) in 2024 to one in four (24%) in 2025.

The Trump Administration’s treatment of Bitcoin may have played a major role in its global growth. Since taking office in January 2025, President Trump has launched a Strategic Bitcoin Reserve, where he installed leadership at the SEC that are in favor of digital assets, and endorsed legislation aimed at regulating stablecoins and establishing a clear framework for digital assets.

“The United States has proven itself as a global leader in web3 and blockchain technology with the addition of Trump’s pro-crypto policies, which is a significant change from the previous Administration” said the CEO of Gemini Marshall Beard. “With this pro-innovation approach, the crypto industry is positioned for significant growth in the United States and around the world.”

In the US nearly 23% of non-owners said that President Trump’s launch of the Strategic Bitcoin Reserve made them more confident in the value of Bitcoin and other cryptos. Similar feelings were shared by about one in five non-owners in the United Kingdom (21%) and Singapore (19%).

Europe is leading the way in crypto ownership growth. In 2025, 24% of people in the UK said they own cryptocurrency, up from 18% last year; the biggest jump of any country surveyed. France also saw an increase, with 21% owning crypto, compared to 18% in 2024. In the US, adoption rose from 20% to 22%, and Singapore went from 26% to 28%.

France’s strong pro-crypto stance has encouraged more people there to invest in digital assets, which is the highest rate among all surveyed nations with 67%. Following France are Singapore, Italy, the UK, the US, and Australia.

In the US, nearly two in five crypto owners (39%) have invested in crypto ETFs, showing a steady rise since their approval in early 2024. Additionally, half of Millennials and Gen Z globally have invested in crypto at some point, with 52% of Millennials and 48% of Gen Z reporting current or past ownership.

This post One out of Four People Own Bitcoin and Crypto in 2025: Report first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ fa984bd7:58018f52

This post has been deleted.

@ 21335073:a244b1ad

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

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

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

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

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

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

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

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

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

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

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

@ cae03c48:2a7d6671

Bitcoin Magazine

1.5 Million Users to Access Bitcoin’s Lightning Network on Xverse thanks to Sati

Sati, a Bitcoin payments app and Lightning infrastructure provider, today announced the launch of its Lightning integration with Xverse, a Bitcoin wallet used by over 1.5 million people worldwide. Thanks to the integration, Xverse users can now send and receive sats (Bitcoin’s smallest denomination) instantly over the Lightning Network with no setup, no app switching, and no custodial risk.

Initially designed in 2017, the Lightning Network has grown to become Bitcoin’s leading layer-2, with a current BTC capacity of over $465M. Sati is now leveraging this technology to bring the world’s favorite digital currency into the pockets of almost 3 billion users worldwide, thanks to its powerful API integration with WhatsApp.

“Bitcoin was not meant to be an asset for Wall Street—it was built for peer-to-peer money, borderless and accessible,” said Felipe Servin, Founder and CEO of Sati. “Integrating Lightning natively into Xverse brings that vision back to life, making Bitcoin usable at scale for billions.”

Thanks to the integration, every Xverse user now gets a Lightning Address instantly. That means they can receive tips, pay invoices, and use Bitcoin for microtransactions—all without having to manage channels or switch between different apps. Sati expects USDT on Lightning to be supported as early as Q3 for the Xverse wallet and in July 2025
for users accessing Sati through WhatsApp.

This integration positions Sati’s role as a Lightning infrastructure provider, not just a consumer app. By leveraging its API-based solution, the company provides plug-and-play backend services to wallets and platforms looking to add Bitcoin payments without compromising on security or UX.

The Xverse launch follows the debut of Parasite Pool, a new mining pool leveraging Sati and Xverse’s tech stack and focused on democratizing Bitcoin mining. Parasite Pool charges 0% fees and pays out instantly over Lightning, making it ideal for small-scale miners, especially those running ultra-low-power hardware like Bitaxe.

With over 500 users joining Parasite Pool within weeks of launch and an average pool hashrate of 5 PH/s, Parasite Pool is steadily growing its presence in the home mining space. Thanks to the Lightning integration, Parasite Pool supports the smallest Lightning payouts in the industry (a fraction of a cent), lowering the barrier to entry for anyone interested in mining.

Sati recently closed a $600K pre-seed round backed by Bitcoin-focused investors, including Draper Associates, BitcoinFi, Arcanum, BoostVC, and Ricardo Salinas. The funding is being used to support global expansion, stablecoin integration, Lightning infrastructure growth, and broader access to Bitcoin in emerging markets.

Sati will be conducting live product demos at Bitcoin 2025 in Las Vegas on May 27-29. To learn more about Sati, visit sati.pro

About Sati
Sati is a Bitcoin payments infrastructure provider. Launched in 2025 with investors of the likes as Draper Associates and Ricardo Salinas, Sati powers fast, seamless Bitcoin payments on applications such as WhatsApp to fuel the next wave of adoption. Learn more at sati.pro

About Xverse
Xverse is the on-chain platform for the Bitcoin economy—think Revolut meets Alchemy, built natively on Bitcoin. Trusted by over 1.5 million users, Xverse is launching a unified portfolio platform for Bitcoin L1 and Layer 2s, alongside developer infrastructure to power seamless Bitcoin-native apps.

Press Contact
press@sati.pro

Disclaimer: This is a sponsored press release. Readers are encouraged to perform their own due diligence before acting on any information presented in this article.

This post 1.5 Million Users to Access Bitcoin’s Lightning Network on Xverse thanks to Sati first appeared on Bitcoin Magazine and is written by Sati.

@ 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

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitlux Announced Private Jet Cards Accepting Bitcoin and Crypto Payments

Bitlux, a global private aviation company with charter solutions based on blockchain technology, just announced the industry’s first cryptocurrency-enabled Private Jet Card Program at the 2025 Bitcoin Conference.

“Bitcoin 2025 convenes innovators who are defining the future of money, mobility, and freedom,” stated Patel. “Our Jet Card is a natural continuation of that dialogue. We’re not just keeping up – we’re setting the new benchmark for what’s possible in luxury flight.”

The Bitlux Jet Card allows clients to fund their accounts using Bitcoin, and other cryptocurrencies. By integrating Bitcoin payments with private aviation, Bitlux aims to deliver transparency, and control for high-frequency private flyers

“The private aviation industry has needed a reboot for a long time,” said Bitlux CEO Kyle Patel. “We didn’t simply put a new face on the old model – we reconstructed it with transparency, efficiency, and user control as the guiding principles. This card is for individuals who demand more from their travel experience and their payment infrastructure.”

The card includes fixed hourly rates and does not apply blackout dates, peak surcharges, or additional fees. Payments are held in escrow until the completion of the flight. The program allows access to a global fleet, includes Wi-Fi on domestic flights, and permits cancellation of one-way bookings after reservation.

Bitlux offers four jet cards: Ascent, Cardinal, Sovereignty, and Nomad, corresponding to cabin classes that include midsize, super-midsize, large, and ultra-long haul. Operational terms specify a 48 hour callout on off-peak days, 36 peak days, and minimum daily flight times that vary depending on the aircraft size.

“Our clients are global citizens – entrepreneurs, investors, tech entrepreneurs – who conduct business in real-time environments,” said Patel. “They don’t have time for ambiguous language or antiquated payment structures. We’re coming to them where they are, with a smarter, safer way to fly.”

This post Bitlux Announced Private Jet Cards Accepting Bitcoin and Crypto Payments first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ a4992688:88fd660f

Retail Isn't Coming Back

(and they might be gone for good)

Written by nostr:nprofile1qqs2fxfx3z6yns4a6mafcwdgsrtluf747h37nl2vglt9mqj93r7kvrcwm69jy

It's been just a matter of days since Bitcoin has broken a new all-time high in US dollars and yet, things are extremely quiet on the ground level... Your friends aren't texting to find out if now is a good time to buy, the normies at work haven't brought it up to you, and Coinbase isn't even in the top 100 overall apps in the Google Play App Store. As of now, it sits at #164.

In fact, according to Google search trends, worldwide interest in Bitcoin is lower today while setting new all-time highs above $110,000 than it was at the pits of the 2022 bear market when FTX was blowing up and Bitcoin crashed to below $16,000.

the mempool also paints a quiet picture. It’s mostly empty. Just a few blocks’ worth of transactions waiting to confirm, most paying 1–4 sats/vB. In fact, over the last 144 blocks (about 24 hours), the average fee per transaction has hovered below 1,500 sats, roughly $1.50.

This is far from the behavior found on-chain during previous all-time highs. It reflects an underutilized network predominantly being used by its original power users. Meanwhile, the hash rate climbs relentlessly, month after month, setting record after record. Miners are expending more energy than ever, but fee pressure is nowhere to be found.

🕵️‍♂️ Is Retail In The Room with Us Now?

The typical signs of retail investor enthusiasm, such as increased Google searches, higher Coinbase app downloads, and a congested mempool all remain subdued. This raises the question: Is the current rally predominantly driven by institutional investors, with retail participation lagging behind?

Since the approval of spot Bitcoin ETFs in January 2024, these financial instruments have accumulated nearly 1.21 million bitcoin, with total assets under management exceeding $132 billion (or, 5.75%+ of 21M total BTC). Initially, retail investors were the primary contributors to these inflows, accounting for approximately 80% of the total assets under management as of October 2024. However, more recent trends indicate a shift, with institutional investors, including hedge funds and asset managers, increasing their stakes in Bitcoin ETFs.

Institutional exposure more than doubled from Q3 to Q4 of 2024 according to SEC 13-F filings, whereas assets under management for all non-institutional ETF holders grew by 62%. While retail is responsible for approximately 73.7% of AUM in the ETFs, a small number of institutions represent more than a 26% of the ETF inflows as of the end of 2024.

🥴 PTSD - Portfolio Trauma & Speculative Disillusionment

For many retail investors, the scars from the 2021–2022 crypto cycle run deep. They bought into the hype near Bitcoin's previous all-time high of $69,000, only to watch their investments plummet to $15,000. The collapse of major platforms like Terra, Celsius, and FTX didn't just erase wealth—it shattered trust.

This collective trauma has left many retail investors wary. They've seen the cycle before: rapid gains followed by devastating losses. The excitement that once drew them into the market has been replaced by caution and skepticism. Even as Bitcoin reaches new heights, the enthusiasm that characterized previous bull runs is noticeably absent.

By all measurable metrics, retail investors appear increasingly reluctant to step outside the comfort of traditional financial rails to gain Bitcoin exposure. In response to past losses and a heightened desire for security, many are now turning to regulated investment vehicles like spot Bitcoin ETFs, offered by institutions such as BlackRock and Fidelity. These products provide a familiar, low-friction on-ramp by eliminating the need for self-custody, avoiding the risks of phishing and exchange hacks, and sidestepping the complexities of managing wallets or navigating volatile crypto platforms. This behavioral shift helps explain why we’re not seeing a surge in mempool congestion, on-chain activity, or crypto exchange downloads. Retail isn’t gone per se... they are however predominantly choosing to interact with Bitcoin from a "safe" distance, inside the walled garden of TradFi.

🧙‍♂️ Pay No Attention to the Custodian Behind the Curtain

Retail might look like it's back, but it isn't. Not really. They've been rerouted. Herded away from the open network and into the controlled comfort of traditional finance, where Bitcoin is boxed up, regulated, and sold as a familiar financial product.

Spot ETFs from firms like BlackRock offer the illusion of exposure without any of the responsibility or freedom that comes with actually owning Bitcoin. There are no private keys, no ability to withdraw, no direct access to the asset. Most of the Bitcoin that backs those shares sits in Coinbase Custody, inaccessible from the investor’s point of view. Retail can watch the price move, but they can't move a single sat.

They can't send it to family. They can't use Lightning. They can't participate in a fork or vote with their coins. Their holdings are locked inside a financial product, subject to tax surveillance and government oversight, with none of the borderless, censorship-resistant qualities that make Bitcoin what it is.

This isn’t Bitcoin as a tool for sovereignty. It’s Bitcoin as a stock proxy, tucked neatly into retirement accounts and brokerage dashboards. Retail hasn't returned to Bitcoin. They've returned to a synthetic version of it. One that looks clean, feels safe, and doesn’t ask them to think too hard.

The crowd is back, but not on the chain. They've returned to price, not protocol.

🔍Missing: Retail. Last Seen 2021.

If this bull run feels quieter than the last one, it’s because it is. Retail investors, once the lifeblood of Bitcoin mania, are largely absent from the on-chain activity. Their presence isn’t being felt where it used to be.

The reasons are stacking up. Regulatory pressure has increased globally, with new tax reporting rules, stricter KYC requirements, and fewer accessible exchanges making direct participation more frustrating than exciting. At the same time, the opportunity cost has shifted. T-bills are yielding 5 percent, and the stock market is deep in an AI-driven rally that feels new and full of upside. Compared to that, Bitcoin’s core narratives like digital gold or inflation protection no longer feel urgent or unique.

Institutions are now leading through ETFs and futures, smoothing out volatility and removing many of the sudden moves that once drew in retail traders. On-chain user experience still falls behind modern apps, Lightning remains niche, and energy concerns continue to shape public perception. More importantly, the cost of everyday life has gone up. Rent is up. Groceries are expensive. People are stretched thin. Student loans have resumed and homeownership is out of reach for many.

Until those conditions shift, retail is unlikely to return in any meaningful way. It is not that they have given up on Bitcoin. They are simply trying to keep up with everything else.

The chart below illustrates that the number of active Bitcoin addresses has declined by approximately 42% since its peak in 2021.

🧲 What Pulls Them Back In?

Retail hasn’t disappeared. It’s just not on-chain. They’re watching the charts, buying the proxies, and dipping into Bitcoin exposure through familiar vehicles like ETFs and high-beta stocks. MSTR, MSTY, SQ, MARA, and RIOT have become stand-ins for the real thing. For many, that feels close enough. They haven’t sworn off Bitcoin entirely, but they also haven’t found a reason to return to the protocol itself. Price alone isn’t doing it. If Bitcoin is going to recapture retail attention on-chain, it needs more than speculation. It needs to be usable, intuitive, and culturally relevant. Until then, the crowd will stay inside the walled garden, content with price exposure. The question now is what pulls them back into the open network.

🛠️ Make it Frictionless, or Forget it

Retail won’t return until exploring Bitcoin feels rewarding, not risky. Right now, engaging directly with the network still feels technical, intimidating, and easy to get wrong. The average person doesn’t want to learn about seed phrases, fee markets, or signing messages. They just want it to work, and ideally in one tap.

Self-custody, while powerful, still comes with a learning curve that scares most users off. One typo can lose everything. One phishing link can wipe a life’s savings. When compared to the ease of buying a Bitcoin ETF inside a brokerage app, it becomes obvious why most people choose comfort over control.

Lightning wallets have improved, but mainstream usability is still far off. Many users struggle with basic concepts like payment channels and inbound liquidity. App store reviews often reflect confusion and frustration. More importantly, Lightning still raises serious questions in a high-fee environment. Opening or closing a channel can become expensive when the base layer gets congested. This undermines Lightning’s value as a low-cost, instant settlement layer. If fees are unpredictable, it becomes harder to trust that Lightning will be there when users actually need it.

Apps like Nostr are beginning to pave the way with native Lightning features like zaps, where users can send sats as tips or signals within a social feed. It’s the kind of simple, purpose-driven interaction that could eventually normalize Lightning in everyday use. But for now, it remains niche, with limited reach beyond early adopters and Bitcoin-native circles. The pieces are falling into place, but mainstream readiness is still a long way off.

To pull retail back in, Bitcoin has to compete on usability, not just principle. That means seedless recovery. Wallets that back up automatically. Tap-to-pay Lightning. Default privacy. Smarter fee estimation. The average user should not have to study Bitcoin to use it, just like they don’t need to understand TCP/IP to send an email.

Until the experience becomes effortless, Bitcoin on-chain will remain the domain of power users and diehards. Everyone else will keep choosing exposure over participation, because for now, the friction outweighs the freedom.

🔥 Give Them a Reason to Care Again

Speculation brought retail in. Survival might bring them back. But between those extremes, there needs to be a reason to engage that feels meaningful in everyday life. For most people, Bitcoin still doesn’t offer that. It’s not woven into anything they do. It’s not a tool they reach for. It’s just a number in a ticker—or now, in an ETF.

The core narratives that once drove adoption have lost their urgency. “Digital gold” sounds more like a sales pitch than a breakthrough. “Inflation hedge” didn’t hold up during inflation. “Opt out of the banking system” is hard to relate to when your paycheck hits a checking account and your bills are on autopay. These messages worked when people were curious or scared. But in a world focused on AI, passive income, and stable yields, Bitcoin feels like a cold, hard asset with no warm story.

Retail doesn’t just need new slogans. They need a new reason. A killer app. A cultural hook. Something that connects the protocol to their daily life. That could come from anywhere—remittances, peer-to-peer media, AI payments, creator tools, censorship resistance, even gaming. We’re starting to see glimpses. Nostr’s Lightning zaps, for example, show how sats could flow through social interactions. It's lightweight, casual, and fits into habits people already have. But even that is still early and relatively isolated from the mainstream.

Of course, it’s possible that price alone brings them back. A violent move toward $200,000 or higher could generate headlines, social buzz, and another wave of opportunistic buying. But even in that scenario, most people still won't touch the protocol. They’ll chase exposure, not interaction. They’ll buy tickers, not UTXOs.

Retail will come back when Bitcoin stops being an idea they watch and starts being a tool they use. Until then, attention might spike, but engagement will remain shallow.

🏠 Bitcoin Needs a Homebase

Bitcoin is everywhere, but it feels like it’s nowhere. There's no single place where the culture lives. No town square. No digital front porch where holders, builders, speculators, artists, and newcomers all cross paths. And that absence is being felt.

In past cycles, Twitter served as a kind of home for Bitcoin discussion. But now the conversation is fractured. Memes, developer talk, Lightning experiments, and exchange drama are scattered across Telegram groups, Nostr relays, GitHub repos, Reddit threads, and gated newsletters. There’s no central venue that brings it all together. What once felt like a movement now feels more like a loose network of subcultures.

This isn’t just a cultural gap. It’s a usability gap. Without a shared space or interface, discovering Bitcoin's tools, communities, or use cases becomes a fragmented and overwhelming experience. For newcomers especially, it turns exploration into a scavenger hunt. There’s no hub where someone can casually browse peer-to-peer markets, tip someone over Lightning, try a game, test a wallet, or ask basic questions without feeling out of place.

Importantly, this homebase shouldn’t be a corporate platform or single point of failure. It should reflect the values of the network itself—open, decentralized, secure, and resistant to censorship. A sovereign space, not another walled garden. Something that anyone can plug into, build on top of, or access freely without needing permission or credentials. Not a headquarters, but a commons.

Bitcoin doesn’t need a leader, but it could use a center of gravity. A place where its many threads can be visible, accessible, and in conversation with each other. Until it feels like something you can step into, most people won’t feel like they’re truly part of it.

🧵 Final Thoughts

Retail didn’t disappear. It checked out. After wild volatility, failed platforms, and busted narratives, most people aren't rushing back into the Bitcoin Network as we know it. They’ve opted for safety. For simplicity. For familiar rails like ETFs, proxy stocks, and apps that feel intuitive and risk-free.

Bitcoin, meanwhile, has matured in price but not necessarily in presence. The protocol is stronger than ever, but the culture feels scattered. The use cases feel theoretical. The experience still feels fragile. And for most, that's just not enough.

Maybe retail comes back with the next crisis. Maybe it takes a breakout product. Or maybe it doesn’t happen for years. No one knows what the catalyst will be, or if there even has to be one. But what’s clear is that Bitcoin’s next chapter won’t be won by price alone. It will be shaped by the tools we build, the stories we tell, and the places we create for people to show up.

One thing I know for sure: if retail returns, it won’t be for long unless we’ve built something that gives them a real reason to stay.

---

@ 52b4a076:e7fad8bd

I have been recently building NFDB, a new relay DB. This post is meant as a short overview.

Regular relays have challenges

Current relay software have significant challenges, which I have experienced when hosting Nostr.land: - Scalability is only supported by adding full replicas, which does not scale to large relays. - Most relays use slow databases and are not optimized for large scale usage. - Search is near-impossible to implement on standard relays. - Privacy features such as NIP-42 are lacking. - Regular DB maintenance tasks on normal relays require extended downtime. - Fault-tolerance is implemented, if any, using a load balancer, which is limited. - Personalization and advanced filtering is not possible. - Local caching is not supported.

NFDB: A scalable database for large relays

NFDB is a new database meant for medium-large scale relays, built on FoundationDB that provides: - Near-unlimited scalability - Extended fault tolerance - Instant loading - Better search - Better personalization - and more.

Search

NFDB has extended search capabilities including: - Semantic search: Search for meaning, not words. - Interest-based search: Highlight content you care about. - Multi-faceted queries: Easily filter by topic, author group, keywords, and more at the same time. - Wide support for event kinds, including users, articles, etc.

Personalization

NFDB allows significant personalization: - Customized algorithms: Be your own algorithm. - Spam filtering: Filter content to your WoT, and use advanced spam filters. - Topic mutes: Mute topics, not keywords. - Media filtering: With Nostr.build, you will be able to filter NSFW and other content - Low data mode: Block notes that use high amounts of cellular data. - and more

Other

NFDB has support for many other features such as: - NIP-42: Protect your privacy with private drafts and DMs - Microrelays: Easily deploy your own personal microrelay - Containers: Dedicated, fast storage for discoverability events such as relay lists

Calcite: A local microrelay database

Calcite is a lightweight, local version of NFDB that is meant for microrelays and caching, meant for thousands of personal microrelays.

Calcite HA is an additional layer that allows live migration and relay failover in under 30 seconds, providing higher availability compared to current relays with greater simplicity. Calcite HA is enabled in all Calcite deployments.

For zero-downtime, NFDB is recommended.

Noswhere SmartCache

Relays are fixed in one location, but users can be anywhere.

Noswhere SmartCache is a CDN for relays that dynamically caches data on edge servers closest to you, allowing: - Multiple regions around the world - Improved throughput and performance - Faster loading times

routerd

routerd is a custom load-balancer optimized for Nostr relays, integrated with SmartCache.

routerd is specifically integrated with NFDB and Calcite HA to provide fast failover and high performance.

Ending notes

NFDB is planned to be deployed to Nostr.land in the coming weeks.

A lot more is to come. 👀️️️️️️

@ 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

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.

@ cae03c48:2a7d6671

Bitcoin Magazine

Exodus Launches XO Pay, An In-App Bitcoin And Crypto Purchase Solution

Exodus has officially launched XO Pay, a new crypto purchasing feature that allows users to buy and sell digital assets directly within the Exodus mobile wallet, and is now live across the United States. XO Pay aims to simplify the process for its users to easily purchase cryptocurrencies such as Bitcoin. 

XO Pay is powered by Coinme’s Crypto-as-a-Service (CaaS) API platform and is a self custody Bitcoin wallet. This means customers can now purchase BTC within the wallet without going through third-party exchanges while keeping full control of their assets. 

“XO Pay represents our commitment to making cryptocurrency more accessible to everyday customers,” said JP Richardson, Co-Founder and CEO of Exodus, in a recent press release sent to Bitcoin Magazine. “By integrating the purchasing process directly into our mobile wallet, we’re removing barriers and simplifying the journey from fiat to crypto, and back.” 

With XO Pay, Exodus offers a self custodial way to complete Bitcoin transactions. This rollout is part of Exodus’ broader mission to make digital assets more secure, as the demand for Bitcoin is increasing. 

“By creating a Web2 checkout experience into a Web3 self-custody wallet, Exodus has set a new bar for crypto user experience,” said Neil Bergquist, CEO and co-founder of Coinme. “Exodus’ innovative integration of Coinme’s APIs delivers the seamless in-app purchase flow users expect while keeping them in full control of their assets.” 

This post Exodus Launches XO Pay, An In-App Bitcoin And Crypto Purchase Solution first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 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.

@ 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.

@ 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

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

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Final thought...

Don't let the noise consume you. Focus on making your life 1% better every day.

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Warning: This piece contains a conversation about difficult topics. Please proceed with caution.

TL;DR please educate your children about online safety.

Julian Assange wrote in his 2012 book Cypherpunks, “This book is not a manifesto. There isn’t time for that. This book is a warning.” I read it a few times over the past summer. Those opening lines definitely stood out to me. I wish we had listened back then. He saw something about the internet that few had the ability to see. There are some individuals who are so close to a topic that when they speak, it’s difficult for others who aren’t steeped in it to visualize what they’re talking about. I didn’t read the book until more recently. If I had read it when it came out, it probably would have sounded like an unknown foreign language to me. Today it makes more sense.

This isn’t a manifesto. This isn’t a book. There is no time for that. It’s a warning and a possible solution from a desperate and determined survivor advocate who has been pulling and unraveling a thread for a few years. At times, I feel too close to this topic to make any sense trying to convey my pathway to my conclusions or thoughts to the general public. My hope is that if nothing else, I can convey my sense of urgency while writing this. This piece is a watchman’s warning.

When a child steps online, they are walking into a new world. A new reality. When you hand a child the internet, you are handing them possibilities—good, bad, and ugly. This is a conversation about lowering the potential of negative outcomes of stepping into that new world and how I came to these conclusions. I constantly compare the internet to the road. You wouldn’t let a young child run out into the road with no guidance or safety precautions. When you hand a child the internet without any type of guidance or safety measures, you are allowing them to play in rush hour, oncoming traffic. “Look left, look right for cars before crossing.” We almost all have been taught that as children. What are we taught as humans about safety before stepping into a completely different reality like the internet? Very little.

I could never really figure out why many folks in tech, privacy rights activists, and hackers seemed so cold to me while talking about online child sexual exploitation. I always figured that as a survivor advocate for those affected by these crimes, that specific, skilled group of individuals would be very welcoming and easy to talk to about such serious topics. I actually had one hacker laugh in my face when I brought it up while I was looking for answers. I thought maybe this individual thought I was accusing them of something I wasn’t, so I felt bad for asking. I was constantly extremely disappointed and would ask myself, “Why don’t they care? What could I say to make them care more? What could I say to make them understand the crisis and the level of suffering that happens as a result of the problem?”

I have been serving minor survivors of online child sexual exploitation for years. My first case serving a survivor of this specific crime was in 2018—a 13-year-old girl sexually exploited by a serial predator on Snapchat. That was my first glimpse into this side of the internet. I won a national award for serving the minor survivors of Twitter in 2023, but I had been working on that specific project for a few years. I was nominated by a lawyer representing two survivors in a legal battle against the platform. I’ve never really spoken about this before, but at the time it was a choice for me between fighting Snapchat or Twitter. I chose Twitter—or rather, Twitter chose me. I heard about the story of John Doe #1 and John Doe #2, and I was so unbelievably broken over it that I went to war for multiple years. I was and still am royally pissed about that case. As far as I was concerned, the John Doe #1 case proved that whatever was going on with corporate tech social media was so out of control that I didn’t have time to wait, so I got to work. It was reading the messages that John Doe #1 sent to Twitter begging them to remove his sexual exploitation that broke me. He was a child begging adults to do something. A passion for justice and protecting kids makes you do wild things. I was desperate to find answers about what happened and searched for solutions. In the end, the platform Twitter was purchased. During the acquisition, I just asked Mr. Musk nicely to prioritize the issue of detection and removal of child sexual exploitation without violating digital privacy rights or eroding end-to-end encryption. Elon thanked me multiple times during the acquisition, made some changes, and I was thanked by others on the survivors’ side as well.

I still feel that even with the progress made, I really just scratched the surface with Twitter, now X. I left that passion project when I did for a few reasons. I wanted to give new leadership time to tackle the issue. Elon Musk made big promises that I knew would take a while to fulfill, but mostly I had been watching global legislation transpire around the issue, and frankly, the governments are willing to go much further with X and the rest of corporate tech than I ever would. My work begging Twitter to make changes with easier reporting of content, detection, and removal of child sexual exploitation material—without violating privacy rights or eroding end-to-end encryption—and advocating for the minor survivors of the platform went as far as my principles would have allowed. I’m grateful for that experience. I was still left with a nagging question: “How did things get so bad with Twitter where the John Doe #1 and John Doe #2 case was able to happen in the first place?” I decided to keep looking for answers. I decided to keep pulling the thread.

I never worked for Twitter. This is often confusing for folks. I will say that despite being disappointed in the platform’s leadership at times, I loved Twitter. I saw and still see its value. I definitely love the survivors of the platform, but I also loved the platform. I was a champion of the platform’s ability to give folks from virtually around the globe an opportunity to speak and be heard.

I want to be clear that John Doe #1 really is my why. He is the inspiration. I am writing this because of him. He represents so many globally, and I’m still inspired by his bravery. One child’s voice begging adults to do something—I’m an adult, I heard him. I’d go to war a thousand more lifetimes for that young man, and I don’t even know his name. Fighting has been personally dark at times; I’m not even going to try to sugarcoat it, but it has been worth it.

The data surrounding the very real crime of online child sexual exploitation is available to the public online at any time for anyone to see. I’d encourage you to go look at the data for yourself. I believe in encouraging folks to check multiple sources so that you understand the full picture. If you are uncomfortable just searching around the internet for information about this topic, use the terms “CSAM,” “CSEM,” “SG-CSEM,” or “AI Generated CSAM.” The numbers don’t lie—it’s a nightmare that’s out of control. It’s a big business. The demand is high, and unfortunately, business is booming. Organizations collect the data, tech companies often post their data, governments report frequently, and the corporate press has covered a decent portion of the conversation, so I’m sure you can find a source that you trust.

Technology is changing rapidly, which is great for innovation as a whole but horrible for the crime of online child sexual exploitation. Those wishing to exploit the vulnerable seem to be adapting to each technological change with ease. The governments are so far behind with tackling these issues that as I’m typing this, it’s borderline irrelevant to even include them while speaking about the crime or potential solutions. Technology is changing too rapidly, and their old, broken systems can’t even dare to keep up. Think of it like the governments’ “War on Drugs.” Drugs won. In this case as well, the governments are not winning. The governments are talking about maybe having a meeting on potentially maybe having legislation around the crimes. The time to have that meeting would have been many years ago. I’m not advocating for governments to legislate our way out of this. I’m on the side of educating and innovating our way out of this.

I have been clear while advocating for the minor survivors of corporate tech platforms that I would not advocate for any solution to the crime that would violate digital privacy rights or erode end-to-end encryption. That has been a personal moral position that I was unwilling to budge on. This is an extremely unpopular and borderline nonexistent position in the anti-human trafficking movement and online child protection space. I’m often fearful that I’m wrong about this. I have always thought that a better pathway forward would have been to incentivize innovation for detection and removal of content. I had no previous exposure to privacy rights activists or Cypherpunks—actually, I came to that conclusion by listening to the voices of MENA region political dissidents and human rights activists. After developing relationships with human rights activists from around the globe, I realized how important privacy rights and encryption are for those who need it most globally. I was simply unwilling to give more power, control, and opportunities for mass surveillance to big abusers like governments wishing to enslave entire nations and untrustworthy corporate tech companies to potentially end some portion of abuses online. On top of all of it, it has been clear to me for years that all potential solutions outside of violating digital privacy rights to detect and remove child sexual exploitation online have not yet been explored aggressively. I’ve been disappointed that there hasn’t been more of a conversation around preventing the crime from happening in the first place.

What has been tried is mass surveillance. In China, they are currently under mass surveillance both online and offline, and their behaviors are attached to a social credit score. Unfortunately, even on state-run and controlled social media platforms, they still have child sexual exploitation and abuse imagery pop up along with other crimes and human rights violations. They also have a thriving black market online due to the oppression from the state. In other words, even an entire loss of freedom and privacy cannot end the sexual exploitation of children online. It’s been tried. There is no reason to repeat this method.

It took me an embarrassingly long time to figure out why I always felt a slight coldness from those in tech and privacy-minded individuals about the topic of child sexual exploitation online. I didn’t have any clue about the “Four Horsemen of the Infocalypse.” This is a term coined by Timothy C. May in 1988. I would have been a child myself when he first said it. I actually laughed at myself when I heard the phrase for the first time. I finally got it. The Cypherpunks weren’t wrong about that topic. They were so spot on that it is borderline uncomfortable. I was mad at first that they knew that early during the birth of the internet that this issue would arise and didn’t address it. Then I got over it because I realized that it wasn’t their job. Their job was—is—to write code. Their job wasn’t to be involved and loving parents or survivor advocates. Their job wasn’t to educate children on internet safety or raise awareness; their job was to write code.

They knew that child sexual abuse material would be shared on the internet. They said what would happen—not in a gleeful way, but a prediction. Then it happened.

I equate it now to a concrete company laying down a road. As you’re pouring the concrete, you can say to yourself, “A terrorist might travel down this road to go kill many, and on the flip side, a beautiful child can be born in an ambulance on this road.” Who or what travels down the road is not their responsibility—they are just supposed to lay the concrete. I’d never go to a concrete pourer and ask them to solve terrorism that travels down roads. Under the current system, law enforcement should stop terrorists before they even make it to the road. The solution to this specific problem is not to treat everyone on the road like a terrorist or to not build the road.

So I understand the perceived coldness from those in tech. Not only was it not their job, but bringing up the topic was seen as the equivalent of asking a free person if they wanted to discuss one of the four topics—child abusers, terrorists, drug dealers, intellectual property pirates, etc.—that would usher in digital authoritarianism for all who are online globally.

Privacy rights advocates and groups have put up a good fight. They stood by their principles. Unfortunately, when it comes to corporate tech, I believe that the issue of privacy is almost a complete lost cause at this point. It’s still worth pushing back, but ultimately, it is a losing battle—a ticking time bomb.

I do think that corporate tech providers could have slowed down the inevitable loss of privacy at the hands of the state by prioritizing the detection and removal of CSAM when they all started online. I believe it would have bought some time, fewer would have been traumatized by that specific crime, and I do believe that it could have slowed down the demand for content. If I think too much about that, I’ll go insane, so I try to push the “if maybes” aside, but never knowing if it could have been handled differently will forever haunt me. At night when it’s quiet, I wonder what I would have done differently if given the opportunity. I’ll probably never know how much corporate tech knew and ignored in the hopes that it would go away while the problem continued to get worse. They had different priorities. The most voiceless and vulnerable exploited on corporate tech never had much of a voice, so corporate tech providers didn’t receive very much pushback.

Now I’m about to say something really wild, and you can call me whatever you want to call me, but I’m going to say what I believe to be true. I believe that the governments are either so incompetent that they allowed the proliferation of CSAM online, or they knowingly allowed the problem to fester long enough to have an excuse to violate privacy rights and erode end-to-end encryption. The US government could have seized the corporate tech providers over CSAM, but I believe that they were so useful as a propaganda arm for the regimes that they allowed them to continue virtually unscathed.

That season is done now, and the governments are making the issue a priority. It will come at a high cost. Privacy on corporate tech providers is virtually done as I’m typing this. It feels like a death rattle. I’m not particularly sure that we had much digital privacy to begin with, but the illusion of a veil of privacy feels gone.

To make matters slightly more complex, it would be hard to convince me that once AI really gets going, digital privacy will exist at all.

I believe that there should be a conversation shift to preserving freedoms and human rights in a post-privacy society.

I don’t want to get locked up because AI predicted a nasty post online from me about the government. I’m not a doomer about AI—I’m just going to roll with it personally. I’m looking forward to the positive changes that will be brought forth by AI. I see it as inevitable. A bit of privacy was helpful while it lasted. Please keep fighting to preserve what is left of privacy either way because I could be wrong about all of this.

On the topic of AI, the addition of AI to the horrific crime of child sexual abuse material and child sexual exploitation in multiple ways so far has been devastating. It’s currently out of control. The genie is out of the bottle. I am hopeful that innovation will get us humans out of this, but I’m not sure how or how long it will take. We must be extremely cautious around AI legislation. It should not be illegal to innovate even if some bad comes with the good. I don’t trust that the governments are equipped to decide the best pathway forward for AI. Source: the entire history of the government.

I have been personally negatively impacted by AI-generated content. Every few days, I get another alert that I’m featured again in what’s called “deep fake pornography” without my consent. I’m not happy about it, but what pains me the most is the thought that for a period of time down the road, many globally will experience what myself and others are experiencing now by being digitally sexually abused in this way. If you have ever had your picture taken and posted online, you are also at risk of being exploited in this way. Your child’s image can be used as well, unfortunately, and this is just the beginning of this particular nightmare. It will move to more realistic interpretations of sexual behaviors as technology improves. I have no brave words of wisdom about how to deal with that emotionally. I do have hope that innovation will save the day around this specific issue. I’m nervous that everyone online will have to ID verify due to this issue. I see that as one possible outcome that could help to prevent one problem but inadvertently cause more problems, especially for those living under authoritarian regimes or anyone who needs to remain anonymous online. A zero-knowledge proof (ZKP) would probably be the best solution to these issues. There are some survivors of violence and/or sexual trauma who need to remain anonymous online for various reasons. There are survivor stories available online of those who have been abused in this way. I’d encourage you seek out and listen to their stories.

There have been periods of time recently where I hesitate to say anything at all because more than likely AI will cover most of my concerns about education, awareness, prevention, detection, and removal of child sexual exploitation online, etc.

Unfortunately, some of the most pressing issues we’ve seen online over the last few years come in the form of “sextortion.” Self-generated child sexual exploitation (SG-CSEM) numbers are continuing to be terrifying. I’d strongly encourage that you look into sextortion data. AI + sextortion is also a huge concern. The perpetrators are using the non-sexually explicit images of children and putting their likeness on AI-generated child sexual exploitation content and extorting money, more imagery, or both from minors online. It’s like a million nightmares wrapped into one. The wild part is that these issues will only get more pervasive because technology is harnessed to perpetuate horror at a scale unimaginable to a human mind.

Even if you banned phones and the internet or tried to prevent children from accessing the internet, it wouldn’t solve it. Child sexual exploitation will still be with us until as a society we start to prevent the crime before it happens. That is the only human way out right now.

There is no reset button on the internet, but if I could go back, I’d tell survivor advocates to heed the warnings of the early internet builders and to start education and awareness campaigns designed to prevent as much online child sexual exploitation as possible. The internet and technology moved quickly, and I don’t believe that society ever really caught up. We live in a world where a child can be groomed by a predator in their own home while sitting on a couch next to their parents watching TV. We weren’t ready as a species to tackle the fast-paced algorithms and dangers online. It happened too quickly for parents to catch up. How can you parent for the ever-changing digital world unless you are constantly aware of the dangers?

I don’t think that the internet is inherently bad. I believe that it can be a powerful tool for freedom and resistance. I’ve spoken a lot about the bad online, but there is beauty as well. We often discuss how victims and survivors are abused online; we rarely discuss the fact that countless survivors around the globe have been able to share their experiences, strength, hope, as well as provide resources to the vulnerable. I do question if giving any government or tech company access to censorship, surveillance, etc., online in the name of serving survivors might not actually impact a portion of survivors negatively. There are a fair amount of survivors with powerful abusers protected by governments and the corporate press. If a survivor cannot speak to the press about their abuse, the only place they can go is online, directly or indirectly through an independent journalist who also risks being censored. This scenario isn’t hard to imagine—it already happened in China. During #MeToo, a survivor in China wanted to post their story. The government censored the post, so the survivor put their story on the blockchain. I’m excited that the survivor was creative and brave, but it’s terrifying to think that we live in a world where that situation is a necessity.

I believe that the future for many survivors sharing their stories globally will be on completely censorship-resistant and decentralized protocols. This thought in particular gives me hope. When we listen to the experiences of a diverse group of survivors, we can start to understand potential solutions to preventing the crimes from happening in the first place.

My heart is broken over the gut-wrenching stories of survivors sexually exploited online. Every time I hear the story of a survivor, I do think to myself quietly, “What could have prevented this from happening in the first place?” My heart is with survivors.

My head, on the other hand, is full of the understanding that the internet should remain free. The free flow of information should not be stopped. My mind is with the innocent citizens around the globe that deserve freedom both online and offline.

The problem is that governments don’t only want to censor illegal content that violates human rights—they create legislation that is so broad that it can impact speech and privacy of all. “Don’t you care about the kids?” Yes, I do. I do so much that I’m invested in finding solutions. I also care about all citizens around the globe that deserve an opportunity to live free from a mass surveillance society. If terrorism happens online, I should not be punished by losing my freedom. If drugs are sold online, I should not be punished. I’m not an abuser, I’m not a terrorist, and I don’t engage in illegal behaviors. I refuse to lose freedom because of others’ bad behaviors online.

I want to be clear that on a long enough timeline, the governments will decide that they can be better parents/caregivers than you can if something isn’t done to stop minors from being sexually exploited online. The price will be a complete loss of anonymity, privacy, free speech, and freedom of religion online. I find it rather insulting that governments think they’re better equipped to raise children than parents and caretakers.

So we can’t go backwards—all that we can do is go forward. Those who want to have freedom will find technology to facilitate their liberation. This will lead many over time to decentralized and open protocols. So as far as I’m concerned, this does solve a few of my worries—those who need, want, and deserve to speak freely online will have the opportunity in most countries—but what about online child sexual exploitation?

When I popped up around the decentralized space, I was met with the fear of censorship. I’m not here to censor you. I don’t write code. I couldn’t censor anyone or any piece of content even if I wanted to across the internet, no matter how depraved. I don’t have the skills to do that.

I’m here to start a conversation. Freedom comes at a cost. You must always fight for and protect your freedom. I can’t speak about protecting yourself from all of the Four Horsemen because I simply don’t know the topics well enough, but I can speak about this one topic.

If there was a shortcut to ending online child sexual exploitation, I would have found it by now. There isn’t one right now. I believe that education is the only pathway forward to preventing the crime of online child sexual exploitation for future generations.

I propose a yearly education course for every child of all school ages, taught as a standard part of the curriculum. Ideally, parents/caregivers would be involved in the education/learning process.

Course: - The creation of the internet and computers - The fight for cryptography - The tech supply chain from the ground up (example: human rights violations in the supply chain) - Corporate tech - Freedom tech - Data privacy - Digital privacy rights - AI (history-current) - Online safety (predators, scams, catfishing, extortion) - Bitcoin - Laws - How to deal with online hate and harassment - Information on who to contact if you are being abused online or offline - Algorithms - How to seek out the truth about news, etc., online

The parents/caregivers, homeschoolers, unschoolers, and those working to create decentralized parallel societies have been an inspiration while writing this, but my hope is that all children would learn this course, even in government ran schools. Ideally, parents would teach this to their own children.

The decentralized space doesn’t want child sexual exploitation to thrive. Here’s the deal: there has to be a strong prevention effort in order to protect the next generation. The internet isn’t going anywhere, predators aren’t going anywhere, and I’m not down to let anyone have the opportunity to prove that there is a need for more government. I don’t believe that the government should act as parents. The governments have had a chance to attempt to stop online child sexual exploitation, and they didn’t do it. Can we try a different pathway forward?

I’d like to put myself out of a job. I don’t want to ever hear another story like John Doe #1 ever again. This will require work. I’ve often called online child sexual exploitation the lynchpin for the internet. It’s time to arm generations of children with knowledge and tools. I can’t do this alone.

Individuals have fought so that I could have freedom online. I want to fight to protect it. I don’t want child predators to give the government any opportunity to take away freedom. Decentralized spaces are as close to a reset as we’ll get with the opportunity to do it right from the start. Start the youth off correctly by preventing potential hazards to the best of your ability.

The good news is anyone can work on this! I’d encourage you to take it and run with it. I added the additional education about the history of the internet to make the course more educational and fun. Instead of cleaning up generations of destroyed lives due to online sexual exploitation, perhaps this could inspire generations of those who will build our futures. Perhaps if the youth is armed with knowledge, they can create more tools to prevent the crime.

This one solution that I’m suggesting can be done on an individual level or on a larger scale. It should be adjusted depending on age, learning style, etc. It should be fun and playful.

This solution does not address abuse in the home or some of the root causes of offline child sexual exploitation. My hope is that it could lead to some survivors experiencing abuse in the home an opportunity to disclose with a trusted adult. The purpose for this solution is to prevent the crime of online child sexual exploitation before it occurs and to arm the youth with the tools to contact safe adults if and when it happens.

In closing, I went to hell a few times so that you didn’t have to. I spoke to the mothers of survivors of minors sexually exploited online—their tears could fill rivers. I’ve spoken with political dissidents who yearned to be free from authoritarian surveillance states. The only balance that I’ve found is freedom online for citizens around the globe and prevention from the dangers of that for the youth. Don’t slow down innovation and freedom. Educate, prepare, adapt, and look for solutions.

I’m not perfect and I’m sure that there are errors in this piece. I hope that you find them and it starts a conversation.

@ 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. 🫡

@ 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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Take the First Step Off the Exchange

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

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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

@ 5391098c:74403a0e

Você trabalha 5 meses do ano somente para pagar impostos. Ou seja, 42% da sua renda serve para bancar serviços públicos de péssima qualidade. Mesmo que você tivesse a liberdade de usar esses 42% da sua renda para contratar serviços privados de qualidade (saúde, segurança e ensino), ainda assim você seria um escravo porque você recebe dinheiro em troca do seu trabalho, e o dinheiro perde cerca de 10% do valor a cada ano. Em outras palavras todo seu dinheiro que sobra depois de comprar comida, vestuário e moradia perde 100% do valor a cada 10 anos. Isso acontece porque o Estado imprime dinheiro do nada e joga na economia de propósito para gerar INFLAÇÃO e manter todos nós escravizados. Você pode deixar seu dinheiro investido em qualquer aplicação que imaginar e ainda assim nunca terá uma rentabilidade superior a inflação real. No final, acaba perdendo tudo do mesmo jeito. Caso você se ache esperto por investir o que sobra da sua renda em bens duráveis como imóveis ou veículos, sabia que esses bens também não são seus, porque se deixar de pagar os impostos desses bens (iptu, itr, ipva) você também perde tudo. Além disso, o custo de manutenção desses bens deve ser levado em consideração na conta das novas dívidas que você assumiu. No caso dos imóveis urbanos é impossível alugá-lo por mais de 0,38% do seu valor mensalmente. Em outras palavras, a cada ano você recebe menos de 5% do que investiu, tem que pagar o custo de manutenção, mais impostos e a valorização do bem nunca será superior a inflação real, também fazendo você perder quase tudo em cerca de 15 anos. A situação é ainda pior com os imóveis rurais e veículos, basta fazer as contas. Caso o dinheiro que você receba em troca do seu trabalho seja suficiente apenas para comprar comida, vestuário e moradia, você já sabe que é um escravo né?… Precisamos entender que a escravidão não acabou, apenas foi democratizada. Hoje a escravidão é financeira, nós somos os castiços e os donos do dinheiro são o senhorio. Os donos do dinheiro são os Globalistas e os Estados seus fantoches. O esquema é simples: fazer todo mundo trabalhar em troca de algo que perde 100% do valor a cada 10 anos, ou seja o dinheiro. Se você pudesse trabalhar em troca de algo que aumentasse de valor acima da inflação real a cada 10 anos você finalmente conquistaria sua liberdade financeira e deixaria de ser escravo. Pois bem, isso já é possível, e não se trata de ouro ou imóveis e sim sobre o Bitcoin, que sobe de valor mais de 100% a cada 10 anos, com a vantagem de ser inconfiscável e de fácil transferência para seus herdeiros quando você morrer, através de uma simples transação LockTime feita em vida. Portanto, mesmo que você não tenha dinheiro para comprar Bitcoin, passar a aceitar Bitcoin em troca de seus produtos e serviços é a única forma de se libertar da escravidão financeira. A carta de alforria financeira proporcionada pelo Bitcoin não é imediata, pois a velocidade da sua libertação depende do quanto você está disposto a aprender sobre o assunto. Eu estou aqui para te ajudar, caso queira. No futuro o Bitcoin estará tão presente na sua vida quanto o pix e o cartão de crédito, você querendo ou não. Assim como o cartão de crédito foi a evolução do cheque pós-datado e o pix a evolução do cartão, o Bitcoin e outras criptomoedas serão a evolução de todos esses meios de pagamento. O que te ofereço é a oportunidade de abolição da sua escravatura antes dos demais escravos acordarem para a realidade, afinal a história sempre se repete: desde o ano de 1300 a.c. a escravidão era defendida pelos próprios escravos, que mais cedo ou mais tarde, foram libertados por Moisés em êxodo 11 da Bíblia Sagrada e hoje o povo de israel se tornou a nação mais rica do mundo. A mesma história se repetiu na Roma Antiga: com o pão e circo. Da mesma forma todo esse império escravocrata ruiu porque mais cedo ou mais tarde os escravos se revoltam, bastam as coisas piorarem bastante. O atual regime de escravidão teve início com a queda do padrão-ouro para impressão do dinheiro no ano de 1944. A escravidão apenas ficou mais sofisticada, pois em vez de pagar os escravos com cerveja como no Egito Antigo ou com pão e circo como na Roma Antiga, passou-se a pagar os escravos com dinheiro sem lastro, ou seja dinheiro inventado, criado do nada, sem qualquer representação com a riqueza real da economia. Mesmo sendo a escravidão atual mais sofisticada, que deixou de ser física para ser financeira, o que torna a mentira mais bem contada, mais cedo ou mais tarde os escravos modernos irão acordar, basta as coisas piorarem mais ou perceberem que todos os bens e serviços do mundo não representam nem 1% de todo o dinheiro que impresso sem lastro. Em outras palavras, se os donos de todo o dinheiro do mundo resolvessem utilizá-lo para comprar tudo o que existe à venda, o preço do quilo do café subiria para R$ 297.306,00 e o preço médio dos imóveis subiria para um número tão grande que sequer caberia nesta folha de papel. Hoje, o dinheiro não vale nada, seus donos sabem disso e optam por entregar o dinheiro aos poucos para os escravos em troca do seu trabalho, para manter o atual regime o máximo de tempo possível. Mesmo assim, o atual regime de escravidão financeira está com os dias contados e depende de você se posicionar antes do efeito manada. Nunca é tarde para entrar no Bitcoin, mesmo ele tendo uma quantidade de emissão limitada, seu valor subirá infinitamente. A menor unidade do Bitcoin é o satoshi, cuja abreviação é sats. Diferente do centavo, cada sat vale um centésimo milionésimo de bitcoin. Hoje (25/05/25), cada unidade de Bitcoin equivale a setecentos mil reais. Logo, cada R$ 0,01 equivale à 0,007 sats. Lembrando que o centavo é um real dividido por cem e o sat é um bitcoin dividido por cem milhões, por isso ainda não existe a paridade entre 1 centavo de real e 1 sat. Essa paridade será alcançada quando um Bitcoin passar a valer um milhão de reais. Com a velocidade que nosso dinheiro está perdendo valor isso não irá demorar muito. Utilizando dados econômicos avançados, prevejo que cada unidade de Bitcoin passará a valer hum milhão de reais até o ano de 2029, assim equiparando 1 sat para cada R$ 0,01. Nesse momento, certamente muitos empresários, comerciantes e profissionais liberais passarão a aceitar o Bitcoin como forma de pagamento pelos seus produtos e serviços, assim como o cheque foi substituído pelo cartão de crédito e o cartão pelo pix. Sabendo disso, você pode entrar na onda de transição no futuro junto com a manada e perder essa alta valorização, ou passar a aceitar Bitcoin agora pelos seus produtos e serviços, assinando assim, a própria carta de alforria da sua escravidão financeira. É importante dizer que os próprios globalistas e governos estão trocando dinheiro por Bitcoin como nunca na história e mesmo que eles adquiram todos os bitcoins disponíveis, ainda assim não será mais possível manter seu regime de escravidão financeira funcionando porque a emissão de Bitcoin é limitada, sendo impossível criar Bitcoin sem lastro, como é feito com o dinheiro hoje. Com o presente artigo, te ofereço a oportunidade de conquistar seus primeiros sats agora, de forma segura e independente, sem precisar de corretoras, bancos, intermediários ou terceiros, basta você querer pois toda a informação necessária está disponível na internet gratuitamente. Se ainda assim você quiser continuar sendo escravo financeiro, depois não adiantar se arrepender quando as janelas de oportunidade se fecharem, o Drex for implantado, papel moeda restringido e sua vida piorar bastante. Importante mencionar que a Lei Brasileira ainda permite a movimentação de até R$ 30.000,00 em Bitcoin por mês sem a necessidade de declaração à Receita Federal e que esse direito pode deixar de existir a qualquer momento, e que quando o Drex for implantado você perderá diversos outros direitos, dentre ele a liberdade de gastar seu dinheiro como quiser e o sigilo. Ofereço ainda, a oportunidade de você baixar uma carteira de Bitcoin gratuita e segura no seu aparelho de celular que funciona de forma semelhante a um banco digital como Nubank e Pagseguro por exemplo, para poder começar à receber Bitcoin pelos seus produtos e serviços agora, de forma fácil e gratuita. Utilizando o qrcode abaixo você ainda ganha alguns sats de graça, promoção válida até o dia 29/05/25 e patrocinada pela Corretora Blink de El Salvador, onde o Bitcoin já é moeda oficial do país, basta acessar o link e instalar o aplicativo: https://get.blink.sv/btcvale

Aviso: disponibilizei o link da carteira de Bitcoin da Corretora Blink apenas como exemplo de como é fácil aceitar Bitcoin como forma de pagamento pelos seus produtos e serviços. Não recomento depender de qualquer corretora para guardar seus valores em Bitcoin. A melhor forma de fazer isso é mantendo dois computadores ou notebook em casa, um conectado à internet com memória em disco disponível de 1 terabyte ou mais para armazenar e visualizar suas transações e outro computador ou notebook desconectado da internet para armazenar suas senhas e chaves privadas para assinar as transações via pendrive. Somente assim você estará 100% livre e seguro. Importante ainda fazer backup em vários CDs com criptografia do seu computador ou notebook que assina as transações, assim também ficando 100% livre e seguro para restaurar sua carteira em qualquer outro computador caso necessário. Todas as instruções de como fazer isso já estão disponíveis gratuitamente na internet. Caso deseje contratar uma consultoria pessoal que inclui aulas particulares por vídeo conferência, onde você aprenderá:

→ Tudo o que precisa saber sobre Bitcoin e demais criptomoedas; → Sistema operacional Linux; → Como instalar sua carteira de Bitcoin em dois computadores para assinaturas air gapped; → Se manter 100% livre e seguro. → Com carga horária à combinar conforme sua disponibilidade.

O custo do investimento pelo meu serviço individual para esse tipo de consultoria é de 204.000 sats (R$ 1.543,46 na cotação atual) valor válido até 31/07/25, interessados entrar em contato por aqui ou através da Matrix: @davipinheiro:matrix.org https://davipinheiro.com/voce-e-escravo-e-nem-sabe-eu-vou-te-provar-agora/

@ cae03c48:2a7d6671

Bitcoin Magazine

One out of Four People Own Bitcoin and Crypto in 2025: Report

Today, Gemini, a crypto platform, released its 2025 Global State of Crypto Report, revealing a notable increase in cryptocurrency adoption in different countries. According to a press release sent to Bitcoin Magazine, ownership among respondents in the US, UK, France, and Singapore rose from one in five (21%) in 2024 to one in four (24%) in 2025.

The Trump Administration’s treatment of Bitcoin may have played a major role in its global growth. Since taking office in January 2025, President Trump has launched a Strategic Bitcoin Reserve, where he installed leadership at the SEC that are in favor of digital assets, and endorsed legislation aimed at regulating stablecoins and establishing a clear framework for digital assets.

“The United States has proven itself as a global leader in web3 and blockchain technology with the addition of Trump’s pro-crypto policies, which is a significant change from the previous Administration” said the CEO of Gemini Marshall Beard. “With this pro-innovation approach, the crypto industry is positioned for significant growth in the United States and around the world.”

In the US nearly 23% of non-owners said that President Trump’s launch of the Strategic Bitcoin Reserve made them more confident in the value of Bitcoin and other cryptos. Similar feelings were shared by about one in five non-owners in the United Kingdom (21%) and Singapore (19%).

Europe is leading the way in crypto ownership growth. In 2025, 24% of people in the UK said they own cryptocurrency, up from 18% last year; the biggest jump of any country surveyed. France also saw an increase, with 21% owning crypto, compared to 18% in 2024. In the US, adoption rose from 20% to 22%, and Singapore went from 26% to 28%.

France’s strong pro-crypto stance has encouraged more people there to invest in digital assets, which is the highest rate among all surveyed nations with 67%. Following France are Singapore, Italy, the UK, the US, and Australia.

In the US, nearly two in five crypto owners (39%) have invested in crypto ETFs, showing a steady rise since their approval in early 2024. Additionally, half of Millennials and Gen Z globally have invested in crypto at some point, with 52% of Millennials and 48% of Gen Z reporting current or past ownership.

This post One out of Four People Own Bitcoin and Crypto in 2025: Report first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 6389be64:ef439d32

GA, plebs. The latest episode of Bitcoin And is out, and, as always, the chicanery is running rampant. Let’s break down the biggest topics I covered, and if you want the full, unfiltered rant, make sure to listen to the episode linked below.

House Democrats’ MEME Act: A Bad Joke?

House Democrats are proposing a bill to ban presidential meme coins, clearly aimed at Trump’s and Melania’s ill-advised token launches. While grifters launching meme coins is bad, this bill is just as ridiculous. If this legislation moves forward, expect a retaliatory strike exposing how politicians like Pelosi and Warren mysteriously amassed their fortunes. Will it pass? Doubtful. But it’s another sign of the government’s obsession with regulating everything except itself.

Senate Banking’s First Digital Asset Hearing: The Real Target Is You

Cynthia Lummis chaired the first digital asset hearing, and—surprise!—it was all about control. The discussion centered on stablecoins, AML, and KYC regulations, with witnesses suggesting Orwellian measures like freezing stablecoin transactions unless pre-approved by authorities. What was barely mentioned? Bitcoin. They want full oversight of stablecoins, which is really about controlling financial freedom. Expect more nonsense targeting self-custody wallets under the guise of stopping “bad actors.”

Bank of America and PayPal Want In on Stablecoins

Bank of America’s CEO openly stated they’ll launch a stablecoin as soon as regulation allows. Meanwhile, PayPal’s CEO paid for a hat using Bitcoin—not their own stablecoin, Pi USD. Why wouldn’t he use his own product? Maybe he knows stablecoins aren’t what they’re hyped up to be. Either way, the legacy financial system is gearing up to flood the market with stablecoins, not because they love crypto, but because it’s a tool to extend U.S. dollar dominance.

MetaPlanet Buys the Dip

Japan’s MetaPlanet issued $13.4M in bonds to buy more Bitcoin, proving once again that institutions see the writing on the wall. Unlike U.S. regulators who obsess over stablecoins, some companies are actually stacking sats.

UK Expands Crypto Seizure Powers

Across the pond, the UK government is pushing legislation to make it easier to seize and destroy crypto linked to criminal activity. While they frame it as going after the bad guys, it’s another move toward centralized control and financial surveillance.

Bitcoin Tools & Tech: Arc, SatoChip, and Nunchuk

Some bullish Bitcoin developments: ARC v0.5 is making Bitcoin’s second layer more efficient, SatoChip now supports Taproot and Nostr, and Nunchuk launched a group wallet with chat, making multisig collaboration easier.

The Bottom Line

The state is coming for financial privacy and control, and stablecoins are their weapon of choice. Bitcoiners need to stay focused, keep their coins in self-custody, and build out parallel systems. Expect more regulatory attacks, but don’t let them distract you—just keep stacking and transacting in ways they can’t control.

🎧 Listen to the full episode here: https://fountain.fm/episode/PYITCo18AJnsEkKLz2Ks

💰 Support the show by boosting sats on Podcasting 2.0! and I will see you on the other side.

@ cae03c48:2a7d6671

Bitcoin Magazine

1.5 Million Users to Access Bitcoin’s Lightning Network on Xverse thanks to Sati

Sati, a Bitcoin payments app and Lightning infrastructure provider, today announced the launch of its Lightning integration with Xverse, a Bitcoin wallet used by over 1.5 million people worldwide. Thanks to the integration, Xverse users can now send and receive sats (Bitcoin’s smallest denomination) instantly over the Lightning Network with no setup, no app switching, and no custodial risk.

Initially designed in 2017, the Lightning Network has grown to become Bitcoin’s leading layer-2, with a current BTC capacity of over $465M. Sati is now leveraging this technology to bring the world’s favorite digital currency into the pockets of almost 3 billion users worldwide, thanks to its powerful API integration with WhatsApp.

“Bitcoin was not meant to be an asset for Wall Street—it was built for peer-to-peer money, borderless and accessible,” said Felipe Servin, Founder and CEO of Sati. “Integrating Lightning natively into Xverse brings that vision back to life, making Bitcoin usable at scale for billions.”

Thanks to the integration, every Xverse user now gets a Lightning Address instantly. That means they can receive tips, pay invoices, and use Bitcoin for microtransactions—all without having to manage channels or switch between different apps. Sati expects USDT on Lightning to be supported as early as Q3 for the Xverse wallet and in July 2025
for users accessing Sati through WhatsApp.

This integration positions Sati’s role as a Lightning infrastructure provider, not just a consumer app. By leveraging its API-based solution, the company provides plug-and-play backend services to wallets and platforms looking to add Bitcoin payments without compromising on security or UX.

The Xverse launch follows the debut of Parasite Pool, a new mining pool leveraging Sati and Xverse’s tech stack and focused on democratizing Bitcoin mining. Parasite Pool charges 0% fees and pays out instantly over Lightning, making it ideal for small-scale miners, especially those running ultra-low-power hardware like Bitaxe.

With over 500 users joining Parasite Pool within weeks of launch and an average pool hashrate of 5 PH/s, Parasite Pool is steadily growing its presence in the home mining space. Thanks to the Lightning integration, Parasite Pool supports the smallest Lightning payouts in the industry (a fraction of a cent), lowering the barrier to entry for anyone interested in mining.

Sati recently closed a $600K pre-seed round backed by Bitcoin-focused investors, including Draper Associates, BitcoinFi, Arcanum, BoostVC, and Ricardo Salinas. The funding is being used to support global expansion, stablecoin integration, Lightning infrastructure growth, and broader access to Bitcoin in emerging markets.

Sati will be conducting live product demos at Bitcoin 2025 in Las Vegas on May 27-29. To learn more about Sati, visit sati.pro

About Sati
Sati is a Bitcoin payments infrastructure provider. Launched in 2025 with investors of the likes as Draper Associates and Ricardo Salinas, Sati powers fast, seamless Bitcoin payments on applications such as WhatsApp to fuel the next wave of adoption. Learn more at sati.pro

About Xverse
Xverse is the on-chain platform for the Bitcoin economy—think Revolut meets Alchemy, built natively on Bitcoin. Trusted by over 1.5 million users, Xverse is launching a unified portfolio platform for Bitcoin L1 and Layer 2s, alongside developer infrastructure to power seamless Bitcoin-native apps.

Press Contact
press@sati.pro

Disclaimer: This is a sponsored press release. Readers are encouraged to perform their own due diligence before acting on any information presented in this article.

This post 1.5 Million Users to Access Bitcoin’s Lightning Network on Xverse thanks to Sati first appeared on Bitcoin Magazine and is written by Sati.

@ fd208ee8:0fd927c1

E-cash are coupons or tokens for Bitcoin, or Bitcoin debt notes that the mint issues. The e-cash states, essentially, "IoU 2900 sats".

They're redeemable for Bitcoin on Lightning (hard money), and therefore can be used as cash (softer money), so long as the mint has a good reputation. That means that they're less fungible than Lightning because the e-cash from one mint can be more or less valuable than the e-cash from another. If a mint is buggy, offline, or disappears, then the e-cash is unreedemable.

It also means that e-cash is more anonymous than Lightning, and that the sender and receiver's wallets don't need to be online, to transact. Nutzaps now add the possibility of parking transactions one level farther out, on a relay. The same relays that cannot keep npub profiles and follow lists consistent will now do monetary transactions.

What we then have is * a transaction on a relay that triggers * a transaction on a mint that triggers * a transaction on Lightning that triggers * a transaction on Bitcoin.

Which means that every relay that stores the nuts is part of a wildcat banking system. Which is fine, but relay operators should consider whether they wish to carry the associated risks and liabilities. They should also be aware that they should implement the appropriate features in their relay, such as expiration tags (nuts rot after 2 weeks), and to make sure that only expired nuts are deleted.

There will be plenty of specialized relays for this, so don't feel pressured to join in, and research the topic carefully, for yourself.

https://github.com/nostr-protocol/nips/blob/master/60.md

@ 5391098c:74403a0e

Você trabalha 5 meses do ano somente para pagar impostos. Ou seja, 42% da sua renda serve para bancar serviços públicos de péssima qualidade. Mesmo que você tivesse a liberdade de usar esses 42% da sua renda para contratar serviços privados de qualidade (saúde, segurança e ensino), ainda assim você seria um escravo porque você recebe dinheiro em troca do seu trabalho, e o dinheiro perde cerca de 10% do valor a cada ano. Em outras palavras todo seu dinheiro que sobra depois de comprar comida, vestuário e moradia perde 100% do valor a cada 10 anos. Isso acontece porque o Estado imprime dinheiro do nada e joga na economia de propósito para gerar INFLAÇÃO e manter todos nós escravizados. Você pode deixar seu dinheiro investido em qualquer aplicação que imaginar e ainda assim nunca terá uma rentabilidade superior a inflação real. No final, acaba perdendo tudo do mesmo jeito. Caso você se ache esperto por investir o que sobra da sua renda em bens duráveis como imóveis ou veículos, sabia que esses bens também não são seus, porque se deixar de pagar os impostos desses bens (iptu, itr, ipva) você também perde tudo. Além disso, o custo de manutenção desses bens deve ser levado em consideração na conta das novas dívidas que você assumiu. No caso dos imóveis urbanos é impossível alugá-lo por mais de 0,38% do seu valor mensalmente. Em outras palavras, a cada ano você recebe menos de 5% do que investiu, tem que pagar o custo de manutenção, mais impostos e a valorização do bem nunca será superior a inflação real, também fazendo você perder quase tudo em cerca de 15 anos. A situação é ainda pior com os imóveis rurais e veículos, basta fazer as contas. Caso o dinheiro que você receba em troca do seu trabalho seja suficiente apenas para comprar comida, vestuário e moradia, você já sabe que é um escravo né?… Precisamos entender que a escravidão não acabou, apenas foi democratizada. Hoje a escravidão é financeira, nós somos os castiços e os donos do dinheiro são o senhorio. Os donos do dinheiro são os Globalistas e os Estados seus fantoches. O esquema é simples: fazer todo mundo trabalhar em troca de algo que perde 100% do valor a cada 10 anos, ou seja o dinheiro. Se você pudesse trabalhar em troca de algo que aumentasse de valor acima da inflação real a cada 10 anos você finalmente conquistaria sua liberdade financeira e deixaria de ser escravo. Pois bem, isso já é possível, e não se trata de ouro ou imóveis e sim sobre o Bitcoin, que sobe de valor mais de 100% a cada 10 anos, com a vantagem de ser inconfiscável e de fácil transferência para seus herdeiros quando você morrer, através de uma simples transação LockTime feita em vida. Portanto, mesmo que você não tenha dinheiro para comprar Bitcoin, passar a aceitar Bitcoin em troca de seus produtos e serviços é a única forma de se libertar da escravidão financeira. A carta de alforria financeira proporcionada pelo Bitcoin não é imediata, pois a velocidade da sua libertação depende do quanto você está disposto a aprender sobre o assunto. Eu estou aqui para te ajudar, caso queira. No futuro o Bitcoin estará tão presente na sua vida quanto o pix e o cartão de crédito, você querendo ou não. Assim como o cartão de crédito foi a evolução do cheque pós-datado e o pix a evolução do cartão, o Bitcoin e outras criptomoedas serão a evolução de todos esses meios de pagamento. O que te ofereço é a oportunidade de abolição da sua escravatura antes dos demais escravos acordarem para a realidade, afinal a história sempre se repete: desde o ano de 1300 a.c. a escravidão era defendida pelos próprios escravos, que mais cedo ou mais tarde, foram libertados por Moisés em êxodo 11 da Bíblia Sagrada e hoje o povo de israel se tornou a nação mais rica do mundo. A mesma história se repetiu na Roma Antiga: com o pão e circo. Da mesma forma todo esse império escravocrata ruiu porque mais cedo ou mais tarde os escravos se revoltam, bastam as coisas piorarem bastante. O atual regime de escravidão teve início com a queda do padrão-ouro para impressão do dinheiro no ano de 1944. A escravidão apenas ficou mais sofisticada, pois em vez de pagar os escravos com cerveja como no Egito Antigo ou com pão e circo como na Roma Antiga, passou-se a pagar os escravos com dinheiro sem lastro, ou seja dinheiro inventado, criado do nada, sem qualquer representação com a riqueza real da economia. Mesmo sendo a escravidão atual mais sofisticada, que deixou de ser física para ser financeira, o que torna a mentira mais bem contada, mais cedo ou mais tarde os escravos modernos irão acordar, basta as coisas piorarem mais ou perceberem que todos os bens e serviços do mundo não representam nem 1% de todo o dinheiro que impresso sem lastro. Em outras palavras, se os donos de todo o dinheiro do mundo resolvessem utilizá-lo para comprar tudo o que existe à venda, o preço do quilo do café subiria para R$ 297.306,00 e o preço médio dos imóveis subiria para um número tão grande que sequer caberia nesta folha de papel. Hoje, o dinheiro não vale nada, seus donos sabem disso e optam por entregar o dinheiro aos poucos para os escravos em troca do seu trabalho, para manter o atual regime o máximo de tempo possível. Mesmo assim, o atual regime de escravidão financeira está com os dias contados e depende de você se posicionar antes do efeito manada. Nunca é tarde para entrar no Bitcoin, mesmo ele tendo uma quantidade de emissão limitada, seu valor subirá infinitamente. A menor unidade do Bitcoin é o satoshi, cuja abreviação é sats. Diferente do centavo, cada sat vale um centésimo milionésimo de bitcoin. Hoje (25/05/25), cada unidade de Bitcoin equivale a setecentos mil reais. Logo, cada R$ 0,01 equivale à 0,007 sats. Lembrando que o centavo é um real dividido por cem e o sat é um bitcoin dividido por cem milhões, por isso ainda não existe a paridade entre 1 centavo de real e 1 sat. Essa paridade será alcançada quando um Bitcoin passar a valer um milhão de reais. Com a velocidade que nosso dinheiro está perdendo valor isso não irá demorar muito. Utilizando dados econômicos avançados, prevejo que cada unidade de Bitcoin passará a valer hum milhão de reais até o ano de 2029, assim equiparando 1 sat para cada R$ 0,01. Nesse momento, certamente muitos empresários, comerciantes e profissionais liberais passarão a aceitar o Bitcoin como forma de pagamento pelos seus produtos e serviços, assim como o cheque foi substituído pelo cartão de crédito e o cartão pelo pix. Sabendo disso, você pode entrar na onda de transição no futuro junto com a manada e perder essa alta valorização, ou passar a aceitar Bitcoin agora pelos seus produtos e serviços, assinando assim, a própria carta de alforria da sua escravidão financeira. É importante dizer que os próprios globalistas e governos estão trocando dinheiro por Bitcoin como nunca na história e mesmo que eles adquiram todos os bitcoins disponíveis, ainda assim não será mais possível manter seu regime de escravidão financeira funcionando porque a emissão de Bitcoin é limitada, sendo impossível criar Bitcoin sem lastro, como é feito com o dinheiro hoje. Com o presente artigo, te ofereço a oportunidade de conquistar seus primeiros sats agora, de forma segura e independente, sem precisar de corretoras, bancos, intermediários ou terceiros, basta você querer pois toda a informação necessária está disponível na internet gratuitamente. Se ainda assim você quiser continuar sendo escravo financeiro, depois não adiantar se arrepender quando as janelas de oportunidade se fecharem, o Drex for implantado, papel moeda restringido e sua vida piorar bastante. Importante mencionar que a Lei Brasileira ainda permite a movimentação de até R$ 30.000,00 em Bitcoin por mês sem a necessidade de declaração à Receita Federal e que esse direito pode deixar de existir a qualquer momento, e que quando o Drex for implantado você perderá diversos outros direitos, dentre ele a liberdade de gastar seu dinheiro como quiser e o sigilo. Ofereço ainda, a oportunidade de você baixar uma carteira de Bitcoin gratuita e segura no seu aparelho de celular que funciona de forma semelhante a um banco digital como Nubank e Pagseguro por exemplo, para poder começar à receber Bitcoin pelos seus produtos e serviços agora, de forma fácil e gratuita. Utilizando o qrcode abaixo você ainda ganha alguns sats de graça, promoção válida até o dia 29/05/25 e patrocinada pela Corretora Blink de El Salvador, onde o Bitcoin já é moeda oficial do país, basta acessar o link e instalar o aplicativo: https://get.blink.sv/btcvale

Aviso: disponibilizei o link da carteira de Bitcoin da Corretora Blink apenas como exemplo de como é fácil aceitar Bitcoin como forma de pagamento pelos seus produtos e serviços. Não recomento depender de qualquer corretora para guardar seus valores em Bitcoin. A melhor forma de fazer isso é mantendo dois computadores ou notebook em casa, um conectado à internet com memória em disco disponível de 1 terabyte ou mais para armazenar e visualizar suas transações e outro computador ou notebook desconectado da internet para armazenar suas senhas e chaves privadas para assinar as transações via pendrive. Somente assim você estará 100% livre e seguro. Importante ainda fazer backup em vários CDs com criptografia do seu computador ou notebook que assina as transações, assim também ficando 100% livre e seguro para restaurar sua carteira em qualquer outro computador caso necessário. Todas as instruções de como fazer isso já estão disponíveis gratuitamente na internet. Caso deseje contratar uma consultoria pessoal que inclui aulas particulares por vídeo conferência, onde você aprenderá:

→ Tudo o que precisa saber sobre Bitcoin e demais criptomoedas; → Sistema operacional Linux; → Como instalar sua carteira de Bitcoin em dois computadores para assinaturas air gapped; → Se manter 100% livre e seguro. → Com carga horária à combinar conforme sua disponibilidade.

O custo do investimento pelo meu serviço individual para esse tipo de consultoria é de 204.000 sats (R$ 1.543,46 na cotação atual) valor válido até 31/07/25, interessados entrar em contato por aqui ou através da Matrix: @davipinheiro:matrix.org https://davipinheiro.com/voce-e-escravo-e-nem-sabe-eu-vou-te-provar-agora/

@ 3f68dede:779bb81d

@ f0fcbea6:7e059469

Muita gente, hoje em dia, acha que a leitura já não é tão necessária quanto foi no passado. O rádio e a televisão acabaram assumindo as funções que outrora pertenciam à mídia impressa, da mesma maneira que a fotografia assumiu as funções que outrora pertenciam à pintura e às artes gráficas. Temos de reconhecer - é verdade - que a televisão cumpre algumas dessas funções muito bem; a comunicação visual dos telejornais, por exemplo, tem impacto enorme. A capacidade do rádio em transmitir informações enquanto estamos ocupados - dirigindo um carro, por exemplo - é algo extraordinário, além de nos poupar muito tempo. No entanto, é necessário questionar se as comunicações modernas realmente aumentam o conhecimento sobre o mundo à nossa volta.

Talvez hoje saibamos mais sobre o mundo do que no passado. Dado que o conhecimento é pré-requisito para o entendimento, trata-se de algo bom. Mas o conhecimento não é um pré-requisito tão importante ao entendimento quanto normalmente se supõe. Não precisamos saber tudo sobre determinada coisa para que possamos entendê-la. Uma montanha de fatos pode provocar o efeito contrário, isto é, pode servir de obstáculo ao entendimento. Há uma sensação, hoje em dia, de que temos acesso a muitos fatos, mas não necessariamente ao entendimento desses fatos.

Uma das causas dessa situação é que a própria mídia é projetada para tornar o pensamento algo desnecessário - embora, é claro, isso seja apenas mera impressão. O ato de empacotar ideias e opiniões intelectuais é uma atividade à qual algumas das mentes mais brilhantes se dedicam com grande diligência. O telespectador, o ouvinte, o leitor de revistas - todos eles se defrontam com um amálgama de elementos complexos, desde discursos retóricos minuciosamente planejados até dados estatísticos cuidadosamente selecionados, cujo objetivo é facilitar o ato de "formar a opinião" das pessoas com esforço e dificuldade mínimos. Por vezes, no entanto, o empacotamento é feito de maneira tão eficiente, tão condensada, que o telespectador, o ouvinte ou o leitor não conseguem formar sua opinião. Em vez disso, a opinião empacotada é introjetada em sua mente mais ou menos como uma gravação é inserida no aparelho de som. No momento apropriado, aperta-se o play e a opinião é "tocada". Eles reproduzem a opinião sem terem pensado a respeito.

@ cae03c48:2a7d6671

Bitcoin Magazine

Cake Wallet Introduces PayJoin v2, Increasing Bitcoin Privacy For The Masses

Cake Wallet, a non-custodial open-source wallet for cryptocurrencies, has officially launched PayJoin v2, becoming the first major mobile wallet to offer Bitcoin silent payments to everyday users. 

This integration introduces a protocol upgrade that disrupts blockchain surveillance by mixing transaction inputs from both the sender and receiver, undermining the common blockchain surveillance techniques chain analysts typically rely on. 

JUST LAUNCHED: Cake Wallet v4.28.0 brings Bitcoin Payjoin v2!

• No need for both parties to be online
• No server required
• Just a few taps in your wallet

It's that simple Update Cake Wallet to try it out! pic.twitter.com/IjOccnBYy7

— Cake Wallet (@cakewallet) May 19, 2025

“Bitcoin is open and permissionless — but without privacy, it’s a surveillance tool,” said Vikrant Sharma, CEO of Cake Wallet in a recent press release sent to Bitcoin Magazine. “This upgrade gives everyday users the ability to transact privately, without needing to be online or run a server.”

Cake Wallet’s implementation removes the limitation of requiring both parties to be online or run a server to coordinate a transaction. Users can now send or receive Bitcoin through asynchronous, serverless PayJoin transactions—no Tor, no apps, no advanced configuration. 

“This makes Bitcoin privacy accessible to people who aren’t developers or hardcore cypherpunks,” said Sharma. “We’ve seen huge progress with Monero privacy tools. Now, Bitcoin users can take a step towards privacy as well, built right into a mainstream wallet.”

This announcement follows closely on the heels of another major privacy upgrade: Cake Wallet recently became one of the first major wallets to support Silent Payments, allowing users to receive Bitcoin without exposing a reusable address. 

This post Cake Wallet Introduces PayJoin v2, Increasing Bitcoin Privacy For The Masses first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 3f68dede:779bb81d

testing schedule

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitlux Announced Private Jet Cards Accepting Bitcoin and Crypto Payments

Bitlux, a global private aviation company with charter solutions based on blockchain technology, just announced the industry’s first cryptocurrency-enabled Private Jet Card Program at the 2025 Bitcoin Conference.

“Bitcoin 2025 convenes innovators who are defining the future of money, mobility, and freedom,” stated Patel. “Our Jet Card is a natural continuation of that dialogue. We’re not just keeping up – we’re setting the new benchmark for what’s possible in luxury flight.”

The Bitlux Jet Card allows clients to fund their accounts using Bitcoin, and other cryptocurrencies. By integrating Bitcoin payments with private aviation, Bitlux aims to deliver transparency, and control for high-frequency private flyers

“The private aviation industry has needed a reboot for a long time,” said Bitlux CEO Kyle Patel. “We didn’t simply put a new face on the old model – we reconstructed it with transparency, efficiency, and user control as the guiding principles. This card is for individuals who demand more from their travel experience and their payment infrastructure.”

The card includes fixed hourly rates and does not apply blackout dates, peak surcharges, or additional fees. Payments are held in escrow until the completion of the flight. The program allows access to a global fleet, includes Wi-Fi on domestic flights, and permits cancellation of one-way bookings after reservation.

Bitlux offers four jet cards: Ascent, Cardinal, Sovereignty, and Nomad, corresponding to cabin classes that include midsize, super-midsize, large, and ultra-long haul. Operational terms specify a 48 hour callout on off-peak days, 36 peak days, and minimum daily flight times that vary depending on the aircraft size.

“Our clients are global citizens – entrepreneurs, investors, tech entrepreneurs – who conduct business in real-time environments,” said Patel. “They don’t have time for ambiguous language or antiquated payment structures. We’re coming to them where they are, with a smarter, safer way to fly.”

This post Bitlux Announced Private Jet Cards Accepting Bitcoin and Crypto Payments first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

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Market Overview

As of May 27, 2025, Bitcoin (BTC) is trading at approximately $110,387, reflecting a modest 0.8% daily gain.

24-Hour Range: $108,291 – $110,415

Recent High: $111,970

Support Level to Watch: $105,700

Bullish Target: $135,000 (based on analyst projections)

The market remains optimistic ahead of the Bitcoin 2025 Conference in Las Vegas, sparking renewed interest and speculation.

---

Impact on Decentralized Social Media

Bitcoin’s strong performance is influencing decentralized social platforms in multiple ways:

1. Increased Engagement

Platforms like Nostr, Mastodon, and others are seeing a spike in activity. Users are sharing price charts, engaging in Bitcoin discourse, and posting market-related content.

1. Monetization Opportunities

Creators on decentralized networks are leveraging Bitcoin-based tipping, NFT-based publishing, and tokenized rewards to monetize content more effectively.

1. Community Growth

Positive sentiment is drawing in new users and developers, contributing to the growth of decentralized ecosystems and innovation in peer-to-peer social tech.

---

Strategic Highlights

Trump Media & Technology Group aims to raise $2.5 billion to build a Bitcoin treasury, signaling strong institutional interest.

The U.S. is reportedly establishing a Strategic Bitcoin Reserve, underscoring digital currency’s growing relevance at the national level.

#Bitcoin #BTC #CryptoNews #Web3 #DecentralizedSocialMedia #Nostr #Yakihonne #CryptoCommunity #BitcoinUpdate #BTC2025 #DigitalFreedom #ContentCuration #Hackathon #SocialFi

@ 3f68dede:779bb81d

testing schedule

@ cae03c48:2a7d6671

Bitcoin Magazine

The Bitcoin Mempool: Private Mempools

In the last Mempool article, I went through the dynamics of transaction propagation when different nodes on the network are running different mempool relay policies. In this piece I’ll be looking at the dynamics of private mempools, and the implications that has for the utility of the public mempool, mining incentives, and the health of the Bitcoin network overall. 

At the heart of the purpose of the mempool is facilitating the aligned incentives of two different parties, miners and transacting users. Users want to transact, and are willing to pay miners’ transaction fees in order to do so. Miners want to make money, and transaction fees are an additional source of revenue in addition to the new coin subsidy in each block, as well as a necessary primary revenue source to cultivate in the long term as the subsidy dwindles. 

Bitcoin is a system secured by incentives. This core dynamic is what drives the security of the system, you have a customer(s) and a provider, and the two of them attempting to fulfill their wants and needs is what ensures the blockchain continues ticking forward with a sufficient amount of thermodynamic security. 

Attempts to introduce friction into this facilitation mechanism does not ultimately do anything at all to change the incentives of these two parties. A user who wants to make a certain kind of transaction is still going to want to make that transaction, and pay for it. A miner who is willing to accept those kinds of transactions is still going to want to accept them, and collect the fee by including them in a block. 

If the transaction is valid, then these two parties are still going to have their unmet wants and needs, and are still going to be strongly motivated to meet them in some form or fashion. 

Miner API

Individual end users are not necessarily capitalized enough or competent enough in order to route around friction artificially introduced between both ends of a coincidence of wants, but miners most definitely are. As the old adage goes, “if you build it, they will come.”

The preferential situation for miners is obviously to acquire fee paying transactions in-band through the public mempool. It requires the lowest overhead possible for them, simply running a standard Bitcoin client out of the box, it is a very resilient propagation mechanism that ensures a very high degree of reliability in getting miners the highest fee paying transactions, and they don’t have to do anything. Just download the client and run it. 

However, in a very hostile environment such as a network wide effort to filter consensus valid transactions during their propagation across the network, that traditional assumption can be drawn into question. 

In such a scenario miners have every incentive to set up out-of-band mechanisms for accepting transactions that are not properly being relayed across the network. Marathon’s Slipstream API for non-standard transactions is not the only example of this. There is in fact a long standing precedent from almost ten years ago that was widely implemented by many mining pools, and still exists to this day. Transaction accelerators. 

We now live in a world of Full-RBF, where any transaction, regardless of using the historical “opt-in” flag, can be fee-bumped. Any node who has upgraded to Full-RBF will relay any transaction that is spending an unconfirmed output already pending in the mempool as long as it is paying a higher fee. This has not always been the case. Historically only transactions that were originally made with a flag to opt-in to RBF use could be replaced and expected to propagate across the network. 

Transaction accelerators were created by miners in order to facilitate this behavior for transactions that did not opt-in to RBF use. 

Third Party APIs

While the overhead is not exorbitantly high for a miner or pool to create their own transaction submission API, it isn’t free. It still does require at least one developer and time to go through the design and release cycle of any piece of software. The curve isn’t particularly exaggerated, but it still does favor larger miners over smaller ones in terms of how much resources they will have to devote to such an endeavor. 

Mempool.space has proven that it is a viable endeavour for a third party unrelated to miners to create such an API, allowing miners to simply connect to their service rather than expend the effort to create one themselves from scratch. This does have its issues though, such a third party is not going to build and operate such a service for free. They will want their cut. 

There are two ways that this dynamic can go, either these services wind up requiring a higher cost in order to allow both the miners and service providers to earn revenue, or miners will have to share a smaller cut of the revenue in order for such services to remain competitive with directly miner operated ones. This means miners using a third party submission API rather than their own will earn less revenue than the miners operating their own API. 

Private Order Flow

Either of the above possibilities introduces serious problems when it comes to the overall system incentives, reliability of end-user software, and potentially even the security model of second layer systems that rely on the use of pre-signed transactions and a reactive security model in order to keep user funds safe. 

When transactions are submitted to a private API, they are not visible to network participants until they are actually confirmed in a block. The entire queue of unconfirmed transactions making use of these systems is opaque. This could be made public by the operators of these APIs, but not in a trustless fashion. There is no way to prove or guarantee that operators are not withholding information. 

Withholding transactions from public view could distort fee estimates that users make, and even open the door to the possibility of manipulating those feerates by stuffing blocks with their own transactions. Transactions used in the operation of second layer systems could be withheld from public view until confirmation, which can delay users ability to react to transactions they must respond to in order to guarantee the security of their funds. 

Lastly, just the existence of such APIs if the demand or need for them is high enough is a massive centralization pressure. Having to handle connecting to each individual API to submit a transaction is a hassle, poor UX, and potential back end complexity. This tends to reinforce the use of the largest API(s) and ignoring the tailend, which creates a feedback loop. 

The API operators with the largest hashrate will have the quickest and most reliable confirmations, guaranteeing only those largest miners reliably earn this extra revenue, giving them more capital to grow larger, etc. 

Parallel Mempools

On the other end of the spectrum is the possibility of creating totally independent public relay networks. While this does replicate the current openness of the existing public mempool, and avoids the worst of the centralizing pressures of central APIs, it still is not ideal. 

Having multiple mempools introducing complexity for miners, for end users, and for end user applications. Users now need to keep track of all the independent mempools, especially ones used for systems they interact with that are not propagated over the primary relay network, in order to have a view of unconfirmed transactions. 

If Lightning (or some other Layer 2) were to start making use of a parallel mempool, tracking it would be critical for any user of Lightning (or that other Layer 2). It would also be necessary to track all of the parallel relay networks in order to have an accurate view of the other unconfirmed transactions you are bidding against for inclusion in the next block. Tracking only a subset of them would lead to potentially large margins of error in any users fee estimation. 

You Just Make Things Worse

Trying to prevent transactions with willing fee paying users without addressing them at the consensus level is just not possible. Bitcoin is an engine driven by incentives, and when the incentives of multiple parties align they will be facilitated in one form or another. 

Trying to pretend that is not the case, and that things can be stopped, disincentivized, or otherwise delayed is a fool’s errand. Not only that, but trying at any serious scale comes with very serious negative consequences, in addition to being doomed to fail. 

Bitcoin’s consensus rules are the framework in which incentives are played out. The only thing that can trump incentives is changing that framework. It is literally what informs and shapes the incentives in the first place. 

Trying to interfere with those incentives at any other layer is a fool’s errand, and can do nothing but exacerbate the negative outcomes driven by incentives, i.e. centralization.

This post The Bitcoin Mempool: Private Mempools first appeared on Bitcoin Magazine and is written by Shinobi.

@ 3f68dede:779bb81d

testing

@ e3ba5e1a:5e433365

President Trump has started rolling out his tariffs, something I blogged about in November. People are talking about these tariffs a lot right now, with many people (correctly) commenting on how consumers will end up with higher prices as a result of these tariffs. While that part is true, I’ve seen a lot of people taking it to the next, incorrect step: that consumers will pay the entirety of the tax. I put up a poll on X to see what people thought, and while the right answer got a lot of votes, it wasn't the winner.

For purposes of this blog post, our ultimate question will be the following:

• Suppose apples currently sell for $1 each in the entire United States.
• There are domestic sellers and foreign sellers of apples, all receiving the same price.
• There are no taxes or tariffs on the purchase of apples.
• The question is: if the US federal government puts a $0.50 import tariff per apple, what will be the change in the following:
• Number of apples bought in the US
• Price paid by buyers for apples in the US
• Post-tax price received by domestic apple producers
• Post-tax price received by foreign apple producers

Before we can answer that question, we need to ask an easier, first question: before instituting the tariff, why do apples cost $1?

And finally, before we dive into the details, let me provide you with the answers to the ultimate question. I recommend you try to guess these answers before reading this, and if you get it wrong, try to understand why:

1. The number of apples bought will go down
2. The buyers will pay more for each apple they buy, but not the full amount of the tariff
3. Domestic apple sellers will receive a higher price per apple
4. Foreign apple sellers will receive a lower price per apple, but not lowered by the full amount of the tariff

In other words, regardless of who sends the payment to the government, both taxed parties (domestic buyers and foreign sellers) will absorb some of the costs of the tariff, while domestic sellers will benefit from the protectionism provided by tariffs and be able to sell at a higher price per unit.

Marginal benefit

All of the numbers discussed below are part of a helper Google Sheet I put together for this analysis. Also, apologies about the jagged lines in the charts below, I hadn’t realized before starting on this that there are some difficulties with creating supply and demand charts in Google Sheets.

Let’s say I absolutely love apples, they’re my favorite food. How much would I be willing to pay for a single apple? You might say “$1, that’s the price in the supermarket,” and in many ways you’d be right. If I walk into supermarket A, see apples on sale for $50, and know that I can buy them at supermarket B for $1, I’ll almost certainly leave A and go buy at B.

But that’s not what I mean. What I mean is: how high would the price of apples have to go everywhere so that I’d no longer be willing to buy a single apple? This is a purely personal, subjective opinion. It’s impacted by how much money I have available, other expenses I need to cover, and how much I like apples. But let’s say the number is $5.

How much would I be willing to pay for another apple? Maybe another $5. But how much am I willing to pay for the 1,000th apple? 10,000th? At some point, I’ll get sick of apples, or run out of space to keep the apples, or not be able to eat, cook, and otherwise preserve all those apples before they rot.

The point being: I’ll be progressively willing to spend less and less money for each apple. This form of analysis is called marginal benefit: how much benefit (expressed as dollars I’m willing to spend) will I receive from each apple? This is a downward sloping function: for each additional apple I buy (quantity demanded), the price I’m willing to pay goes down. This is what gives my personal demand curve. And if we aggregate demand curves across all market participants (meaning: everyone interested in buying apples), we end up with something like this:

Assuming no changes in people’s behavior and other conditions in the market, this chart tells us how many apples will be purchased by our buyers at each price point between $0.50 and $5. And ceteris paribus (all else being equal), this will continue to be the demand curve for apples.

Marginal cost

Demand is half the story of economics. The other half is supply, or: how many apples will I sell at each price point? Supply curves are upward sloping: the higher the price, the more a person or company is willing and able to sell a product.

Let’s understand why. Suppose I have an apple orchard. It’s a large property right next to my house. With about 2 minutes of effort, I can walk out of my house, find the nearest tree, pick 5 apples off the tree, and call it a day. 5 apples for 2 minutes of effort is pretty good, right?

Yes, there was all the effort necessary to buy the land, and plant the trees, and water them… and a bunch more than I likely can’t even guess at. We’re going to ignore all of that for our analysis, because for short-term supply-and-demand movement, we can ignore these kinds of sunk costs. One other simplification: in reality, supply curves often start descending before ascending. This accounts for achieving efficiencies of scale after the first number of units purchased. But since both these topics are unneeded for understanding taxes, I won’t go any further.

Anyway, back to my apple orchard. If someone offers me $0.50 per apple, I can do 2 minutes of effort and get $2.50 in revenue, which equates to a $75/hour wage for me. I’m more than happy to pick apples at that price!

However, let’s say someone comes to buy 10,000 apples from me instead. I no longer just walk out to my nearest tree. I’m going to need to get in my truck, drive around, spend the day in the sun, pay for gas, take a day off of my day job (let’s say it pays me $70/hour). The costs go up significantly. Let’s say it takes 5 days to harvest all those apples myself, it costs me $100 in fuel and other expenses, and I lose out on my $70/hour job for 5 days. We end up with:

• Total expenditure: $100 + $70 * 8 hours a day * 5 days \== $2900
• Total revenue: $5000 (10,000 apples at $0.50 each)
• Total profit: $2100

So I’m still willing to sell the apples at this price, but it’s not as attractive as before. And as the number of apples purchased goes up, my costs keep increasing. I’ll need to spend more money on fuel to travel more of my property. At some point I won’t be able to do the work myself anymore, so I’ll need to pay others to work on the farm, and they’ll be slower at picking apples than me (less familiar with the property, less direct motivation, etc.). The point being: at some point, the number of apples can go high enough that the $0.50 price point no longer makes me any money.

This kind of analysis is called marginal cost. It refers to the additional amount of expenditure a seller has to spend in order to produce each additional unit of the good. Marginal costs go up as quantity sold goes up. And like demand curves, if you aggregate this data across all sellers, you get a supply curve like this:

Equilibrium price

We now know, for every price point, how many apples buyers will purchase, and how many apples sellers will sell. Now we find the equilibrium: where the supply and demand curves meet. This point represents where the marginal benefit a buyer would receive from the next buyer would be less than the cost it would take the next seller to make it. Let’s see it in a chart:

You’ll notice that these two graphs cross at the $1 price point, where 63 apples are both demanded (bought by consumers) and supplied (sold by producers). This is our equilibrium price. We also have a visualization of the surplus created by these trades. Everything to the left of the equilibrium point and between the supply and demand curves represents surplus: an area where someone is receiving something of more value than they give. For example:

• When I bought my first apple for $1, but I was willing to spend $5, I made $4 of consumer surplus. The consumer portion of the surplus is everything to the left of the equilibrium point, between the supply and demand curves, and above the equilibrium price point.
• When a seller sells his first apple for $1, but it only cost $0.50 to produce it, the seller made $0.50 of producer surplus. The producer portion of the surplus is everything to the left of the equilibrium point, between the supply and demand curves, and below the equilibrium price point.

Another way of thinking of surplus is “every time someone got a better price than they would have been willing to take.”

OK, with this in place, we now have enough information to figure out how to price in the tariff, which we’ll treat as a negative externality.

Modeling taxes

Alright, the government has now instituted a $0.50 tariff on every apple sold within the US by a foreign producer. We can generally model taxes by either increasing the marginal cost of each unit sold (shifting the supply curve up), or by decreasing the marginal benefit of each unit bought (shifting the demand curve down). In this case, since only some of the producers will pay the tax, it makes more sense to modify the supply curve.

First, let’s see what happens to the foreign seller-only supply curve when you add in the tariff:

With the tariff in place, for each quantity level, the price at which the seller will sell is $0.50 higher than before the tariff. That makes sense: if I was previously willing to sell my 82nd apple for $3, I would now need to charge $3.50 for that apple to cover the cost of the tariff. We see this as the tariff “pushing up” or “pushing left” the original supply curve.

We can add this new supply curve to our existing (unchanged) supply curve for domestic-only sellers, and we end up with a result like this:

The total supply curve adds up the individual foreign and domestic supply curves. At each price point, we add up the total quantity each group would be willing to sell to determine the total quantity supplied for each price point. Once we have that cumulative supply curve defined, we can produce an updated supply-and-demand chart including the tariff:

As we can see, the equilibrium has shifted:

• The equilibrium price paid by consumers has risen from $1 to $1.20.
• The total number of apples purchased has dropped from 63 apples to 60 apples.
• Consumers therefore received 3 less apples. They spent $72 for these 60 apples, whereas previously they spent $63 for 3 more apples, a definite decrease in consumer surplus.
• Foreign producers sold 36 of those apples (see the raw data in the linked Google Sheet), for a gross revenue of $43.20. However, they also need to pay the tariff to the US government, which accounts for $18, meaning they only receive $25.20 post-tariff. Previously, they sold 42 apples at $1 each with no tariff to be paid, meaning they took home $42.
• Domestic producers sold the remaining 24 apples at $1.20, giving them a revenue of $28.80. Since they don’t pay the tariff, they take home all of that money. By contrast, previously, they sold 21 apples at $1, for a take-home of $21.
• The government receives $0.50 for each of the 60 apples sold, or in other words receives $30 in revenue it wouldn’t have received otherwise.

We could be more specific about the surpluses, and calculate the actual areas for consumer surplus, producer surplus, inefficiency from the tariff, and government revenue from the tariff. But I won’t bother, as those calculations get slightly more involved. Instead, let’s just look at the aggregate outcomes:

• Consumers were unquestionably hurt. Their price paid went up by $0.20 per apple, and received less apples.
• Foreign producers were also hurt. Their price received went down from the original $1 to the new post-tariff price of $1.20, minus the $0.50 tariff. In other words: foreign producers only receive $0.70 per apple now. This hurt can be mitigated by shifting sales to other countries without a tariff, but the pain will exist regardless.
• Domestic producers scored. They can sell less apples and make more revenue doing it.
• And the government walked away with an extra $30.

Hopefully you now see the answer to the original questions. Importantly, while the government imposed a $0.50 tariff, neither side fully absorbed that cost. Consumers paid a bit more, foreign producers received a bit less. The exact details of how that tariff was split across the groups is mediated by the relevant supply and demand curves of each group. If you want to learn more about this, the relevant search term is “price elasticity,” or how much a group’s quantity supplied or demanded will change based on changes in the price.

Other taxes

Most taxes are some kind of a tax on trade. Tariffs on apples is an obvious one. But the same applies to income tax (taxing the worker for the trade of labor for money) or payroll tax (same thing, just taxing the employer instead). Interestingly, you can use the same model for analyzing things like tax incentives. For example, if the government decided to subsidize domestic apple production by giving the domestic producers a $0.50 bonus for each apple they sell, we would end up with a similar kind of analysis, except instead of the foreign supply curve shifting up, we’d see the domestic supply curve shifting down.

And generally speaking, this is what you’ll always see with government involvement in the economy. It will result in disrupting an existing equilibrium, letting the market readjust to a new equilibrium, and incentivization of some behavior, causing some people to benefit and others to lose out. We saw with the apple tariff, domestic producers and the government benefited while others lost.

You can see the reverse though with tax incentives. If I give a tax incentive of providing a deduction (not paying income tax) for preschool, we would end up with:

• Government needs to make up the difference in tax revenue, either by raising taxes on others or printing more money (leading to inflation). Either way, those paying the tax or those holding government debased currency will pay a price.
• Those people who don’t use the preschool deduction will receive no benefit, so they simply pay a cost.
• Those who do use the preschool deduction will end up paying less on tax+preschool than they would have otherwise.

This analysis is fully amoral. It’s not saying whether providing subsidized preschool is a good thing or not, it simply tells you where the costs will be felt, and points out that such government interference in free economic choice does result in inefficiencies in the system. Once you have that knowledge, you’re more well educated on making a decision about whether the costs of government intervention are worth the benefits.

@ 9e69e420:d12360c2

Federal employees must remove pronouns from email signatures by the end of the day. This directive comes from internal memos tied to two executive orders signed by Donald Trump. The orders target diversity and equity programs within the government.

CDC, Department of Transportation, and Department of Energy employees were affected. Staff were instructed to make changes in line with revised policy prohibiting certain language.

One CDC employee shared frustration, stating, “In my decade-plus years at CDC, I've never been told what I can and can't put in my email signature.” The directive is part of a broader effort to eliminate DEI initiatives from federal discourse.

@ 9e9085e9:2056af17

Part 2: Community Impact & Key Milestones

How Yakihonne Benefits the Community

Yakihonne is more than an app—it's a platform for freedom and self-expression. Here’s how it empowers its users and community:

Censorship-Resistant Communication Say what matters without fear of shadowbans or takedowns.

Privacy and Data Control You own your data—no tracking, no selling, no manipulation.

Peer-to-Peer Support for Creators With Bitcoin Lightning tipping, fans can directly support creators without needing middlemen.

Open Participation Developers, artists, and builders can all contribute to the network through the open Nostr protocol.

Milestones (You can update these with exact dates later)

Platform Launch: [Insert Date]

1,000+ Users Joined: [Insert Date]

Key Feature Rollouts (Chats, Groups, Tips): [Insert Date]

Yakihonne #Yakihonne #Yakihonne #Nostr #Nostr #YoungDfx

@ 3f68dede:779bb81d

testing schedule

@ 3f68dede:779bb81d

testing schedule

@ 9e69e420:d12360c2

President Trump plans to withdraw 20,000 U.S. troops from Europe and expects European allies to contribute financially to the remaining military presence. Reported by ANSA, Trump aims to deliver this message to European leaders since taking office. A European diplomat noted, “the costs cannot be borne solely by American taxpayers.”

The Pentagon hasn't commented yet. Trump has previously sought lower troop levels in Europe and had ordered cuts during his first term. The U.S. currently maintains around 65,000 troops in Europe, with total forces reaching 100,000 since the Ukraine invasion. Trump's new approach may shift military focus to the Pacific amid growing concerns about China.

Sauce

@ 0fab798f:2752acff

In the heart of Africa’s digital uprising, Nigeria stands tall as one of the most crypto-curious nations on the planet. For many of us dreamers, builders, hustlers, crypto isn’t just a buzzword. It’s a lifeline. A path out of unemployment. A rebellion against the old financial system. A shot at freedom.

But here’s the hard truth: freedom without protection is exposure>

The recent $1.5 billion Ethereum heist — orchestrated by North Korea’s notorious Lazarus Group — didn’t just shake the crypto world. It shattered any illusions we might still have that blockchain alone can save us. If a juggernaut like Bybit can fall, what hope does the everyday Nigerian creative or crypto enthusiast have?

Let’s not sugarcoat it. This is war, a cyber war. And we must learn how to defend ourselves.

What the Heist Taught Us

• Security is not optional, it’s foundational.
• If you’re building in Web3, minting NFTs, or trading tokens, you’re a target. Use cold wallets. Enable 2FA. Don’t store your life savings on exchanges. Paranoia might just save your wallet.
• Don’t fall for vibes.
• Read smart contracts. Study tokenomics. If a project looks too clean, dig deeper. In crypto, vibes alone won’t protect your funds.
• Educate before you speculate.
• Everyone wants the bag, but not everyone reads the blueprint. Before you ape in, understand the tech. That’s how you stay alive in the jungle.* * *

For the Builders, the Artists, the Rebels

We’re not just investors. We’re architects of the future, launching NFT marketplaces, building DeFi protocols, designing metaverse spaces that blend culture, identity, and code. But here’s the kicker: even the most beautiful idea can burn if it’s built on shaky security.

What we need now isn’t just innovation,it’s insulation.

Form collectives: Learn together, audit each other’s code, build firewalls around our ideas.

Pressure regulators to evolve: Not to stifle us, but to protect the creative economy rising from the streets of Lagos, Port Harcourt, Enugu, Kano.

Go open-source: The more transparent we build, the harder it is for bad actors to hide.

Yakihonne Fam, Let’s Talk

This is more than a headline!

We can either continue building shiny dApps with no shields, or we can become cyber-aware architects of a truly secure digital future. One where Nigerian youth don’t just participate in Web3 — we define it.

The heist should wake us up, not wipe us out.

So the question is: will we build castles or fortresses?

Let’s choose wisely.

@ c1e9ab3a:9cb56b43

Star Wars is often viewed as a myth of rebellion, freedom, and resistance to tyranny. The iconography—scrappy rebels, totalitarian stormtroopers, lone smugglers—suggests a deep anti-authoritarian ethos. Yet, beneath the surface, the narrative arc of Star Wars consistently affirms the necessity, even sanctity, of central authority. This blog entry introduces the question: Is Star Wars fundamentally a celebration of statism?

---

Rebellion as Restoration, Not Revolution

The Rebel Alliance’s mission is not to dismantle centralized power, but to restore the Galactic Republic—a bureaucratic, centrally governed institution. Characters like Mon Mothma and Bail Organa are high-ranking senators, not populist revolutionaries. The goal is to remove the corrupt Empire and reinstall a previous central authority, presumed to be just.

• Rebels are loyalists to a prior state structure.
• Power is not questioned, only who wields it.

---

Jedi as Centralized Moral Elites

The Jedi, often idealized as protectors of peace, are unelected, extra-legal enforcers of moral and military order. Their authority stems from esoteric metaphysical abilities rather than democratic legitimacy.

• They answer only to their internal Council.
• They are deployed by the Senate, but act independently of civil law.
• Their collapse is depicted as tragic not because they were unaccountable, but because they were betrayed.

This positions them as a theocratic elite, not spiritual anarchists.

---

Chaos and the Frontier: The Case of the Cantina

The Mos Eisley cantina, often viewed as a symbol of frontier freedom, reveals something darker. It is: - Lawless - Violent - Culturally fragmented

Conflict resolution occurs through murder, not mediation. Obi-Wan slices off a limb; Han shoots first—both without legal consequence. There is no evidence of property rights, dispute resolution, or voluntary order.

This is not libertarian pluralism—it’s moral entropy. The message: without centralized governance, barbarism reigns.

---

The Mythic Arc: Restoration of the Just State

Every trilogy in the saga returns to a single theme: the fall and redemption of legitimate authority.

1. Prequels: Republic collapses into tyranny.
2. Originals: Rebels fight to restore legitimate order.
3. Sequels: Weak governance leads to resurgence of authoritarianism; heroes must reestablish moral centralism.

The story is not anti-state—it’s anti-bad state. The solution is never decentralization; it’s the return of the right ruler or order.

---

Conclusion: The Hidden Statism of a Rebel Myth

Star Wars wears the costume of rebellion, but tells the story of centralized salvation. It: - Validates elite moral authority (Jedi) - Romanticizes restoration of fallen governments (Republic) - Portrays decentralized zones as corrupt and savage (outer rim worlds)

It is not an anarchist parable, nor a libertarian fable. It is a statist mythology, clothed in the spectacle of rebellion. Its core message is not that power should be abolished, but that power belongs to the virtuous few.

---

Question to Consider:
If the Star Wars universe consistently affirms the need for centralized moral and political authority, should we continue to see it as a myth of freedom? Or is it time to recognize it as a narrative of benevolent empire?

@ 9e69e420:d12360c2

Oregano oil is a potent natural compound that offers numerous scientifically-supported health benefits.

Active Compounds

The oil's therapeutic properties stem from its key bioactive components: - Carvacrol and thymol (primary active compounds) - Polyphenols and other antioxidant

Antimicrobial Properties

Bacterial Protection The oil demonstrates powerful antibacterial effects, even against antibiotic-resistant strains like MRSA and other harmful bacteria. Studies show it effectively inactivates various pathogenic bacteria without developing resistance.

Antifungal Effects It effectively combats fungal infections, particularly Candida-related conditions like oral thrush, athlete's foot, and nail infections.

Digestive Health Benefits

Oregano oil supports digestive wellness by: - Promoting gastric juice secretion and enzyme production - Helping treat Small Intestinal Bacterial Overgrowth (SIBO) - Managing digestive discomfort, bloating, and IBS symptoms

Anti-inflammatory and Antioxidant Effects

The oil provides significant protective benefits through: - Powerful antioxidant activity that fights free radicals - Reduction of inflammatory markers in the body - Protection against oxidative stress-related conditions

Respiratory Support

It aids respiratory health by: - Loosening mucus and phlegm - Suppressing coughs and throat irritation - Supporting overall respiratory tract function

Additional Benefits

Skin Health - Improves conditions like psoriasis, acne, and eczema - Supports wound healing through antibacterial action - Provides anti-aging benefits through antioxidant properties

Cardiovascular Health Studies show oregano oil may help: - Reduce LDL (bad) cholesterol levels - Support overall heart health

Pain Management The oil demonstrates effectiveness in: - Reducing inflammation-related pain - Managing muscle discomfort - Providing topical pain relief

Safety Note

While oregano oil is generally safe, it's highly concentrated and should be properly diluted before use Consult a healthcare provider before starting supplementation, especially if taking other medications.

@ 94e2c22d:d50b08a3

Definition and Basic Principle

Light painting is a photographic technique in which light sources are moved or purposefully used during a long exposure to create images, patterns, or lettering in space. The light source can appear visibly in the image (light drawing), be used to illuminate the subject (light painting), or the camera itself can be moved (kinetic light painting).

History

The history of light painting ranges from scientific experiments in the 19th century, through the artistic avant-garde of the 1930s, to the diverse, technically sophisticated forms of expression seen today. The sources span from early photographers and scientists like Marey, Demeny, and the Gilbreths, to artists such as Man Ray and Picasso, and on to contemporary light painters experimenting with new light sources and techniques.

Early Scientific Applications (1889–1914)

Étienne-Jules Marey and Georges Demeny (1889):

The earliest documented light paintings originated from scientific motion studies. *Demeny *attached light bulbs to the joints of an assistant and photographed their movements with long exposure. This image (Pathological Walk From in Front) is considered the earliest known example of lightpainting.

Frank and Lillian Gilbreth (1914):

The couple used small lights and open shutters to analyze workflows in industry. Their goal was not art, but the optimization of work processes. Nevertheless, some of the first light painting photographs were created this way.

Artistic Light Painting (from the 1930s)

Man Ray (1935):

The American artist Man Ray is considered the first to use light painting as an artistic means of expression. In his Space Writing series, he wrote his name in the air with a small light pen, creating abstract light trails that were only recognized as his signature in 2009.

Barbara Morgan (1935–1941):

She experimented with light drawings, especially in dance photography, by equipping dancers with lights and capturing their movements.

Famous Light Painters and Innovations (1940s–1970s)

Gjon Mili & Pablo Picasso (1949):

Gjon Mili showed Picasso photographs of figure skaters with lights attached to their skates. Picasso was fascinated and, using a flashlight in a darkened room, created his famous "light drawings," including the well-known Picasso draws a Centaur.

Peter Keetman (1949):

The German photographer developed complex light patterns using point light sources on pendulums, shaping experimental photography in post-war Germany.

Modern Developments and Artists (1970s–Today)

Starting in the 1970s, lightpainting expanded beyond experimental and portrait photography into more diverse and expressive artistic realms. Swiss photographer Jacques Pugin was a pioneer in using lightpainting in natural landscapes, employing candlelight and subtle illumination to reveal hidden shapes and textures. His work often bridges the tangible with the ephemeral, evoking a sense of time and memory in the environment.

From the late 20th century onwards, advances in camera technology—such as more sensitive film and later digital sensors—made long-exposure photography more accessible and versatile. This technological progress allowed artists to experiment with new light sources like LED lights, fiber optics, and even programmable light tools, vastly expanding the creative possibilities.

Lightpainting also intersected with other art forms, such as performance art and installation. Artists began incorporating movement, music, and interactive elements, transforming lightpainting into immersive experiences.

The history of light painting reveals an impressive evolution from scientific studies of human movement to a creative form of artistic expression. By combining technology, creativity, and light, works are created that push the boundaries of photography and captivate the viewer.

Author: Mafu Fuma

Sources: Wikipedia

Picture: Frank Gilbreth

@ 3f68dede:779bb81d

testing schedule

@ d360efec:14907b5f

@ b17fccdf:b7211155

The past 26 August, Tor introduced officially a proof-of-work (PoW) defense for onion services designed to prioritize verified network traffic as a deterrent against denial of service (DoS) attacks.

~ > This feature at the moment, is deactivate by default, so you need to follow these steps to activate this on a MiniBolt node:

• Make sure you have the latest version of Tor installed, at the time of writing this post, which is v0.4.8.6. Check your current version by typing

tor --version

Example of expected output:

Tor version 0.4.8.6. This build of Tor is covered by the GNU General Public License (https://www.gnu.org/licenses/gpl-3.0.en.html) Tor is running on Linux with Libevent 2.1.12-stable, OpenSSL 3.0.9, Zlib 1.2.13, Liblzma 5.4.1, Libzstd N/A and Glibc 2.36 as libc. Tor compiled with GCC version 12.2.0

~ > If you have v0.4.8.X, you are OK, if not, type sudo apt update && sudo apt upgrade and confirm to update.

• Basic PoW support can be checked by running this command:

tor --list-modules

Expected output:

relay: yes dirauth: yes dircache: yes pow: **yes**

~ > If you have pow: yes, you are OK

• Now go to the torrc file of your MiniBolt and add the parameter to enable PoW for each hidden service added

sudo nano /etc/tor/torrc

Example:

```

Hidden Service BTC RPC Explorer

HiddenServiceDir /var/lib/tor/hidden_service_btcrpcexplorer/ HiddenServiceVersion 3 HiddenServicePoWDefensesEnabled 1 HiddenServicePort 80 127.0.0.1:3002 ```

~ > Bitcoin Core and LND use the Tor control port to automatically create the hidden service, requiring no action from the user. We have submitted a feature request in the official GitHub repositories to explore the need for the integration of Tor's PoW defense into the automatic creation process of the hidden service. You can follow them at the following links:

• Bitcoin Core: https://github.com/lightningnetwork/lnd/issues/8002
• LND: https://github.com/bitcoin/bitcoin/issues/28499

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More info:

• https://blog.torproject.org/introducing-proof-of-work-defense-for-onion-services/
• https://gitlab.torproject.org/tpo/onion-services/onion-support/-/wikis/Documentation/PoW-FAQ

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Enjoy it MiniBolter! 💙

@ 9e9085e9:2056af17

Part 1: Introducing Yakihonne and the Nostr Protocol

Yakihonne – Redefining Social Media Through Decentralization

Yakihonne is a decentralized social media platform built on the Nostr protocol (Notes and Other Stuff Transmitted by Relays). Unlike traditional social networks controlled by corporations, Yakihonne puts users in charge—your identity, content, and connections are all yours to own.

What is Nostr? Nostr is an open protocol that uses public/private key pairs to enable secure communication. Posts (called “notes”) are sent to public relays instead of being stored on a central server. This allows Yakihonne to offer:

Censorship resistance

User-owned data

Open developer participation

Yakihonne leverages this technology to create a user-first social experience: chat, share, and connect—all without gatekeepers.

Update your app..

Yakihonne #Yakihonne #Yakihonne #Nostr #Nostr #YoungDfx

@ 6a6be47b:3e74e3e1

🔍 Today was one of those days where I dove deeper into the world of Stacker News, exploring how wallets work and all that jazz. If you have any tips or tricks, please send them my way—I’m still figuring it all out!

After my tech adventures, I turned to drawing. Usually, I have a lineup of ideas ready to go, but none of them quite fit my mood today. Then I remembered the butterflies from my upcoming blog entry—can you guess what I’m writing and painting about? 👀

🦋Even though I’ve painted butterflies before here’s one on Instagram, I felt like revisiting them.

This one I posted on Nostr, a while ago

Lately, I’ve been seeing butterflies everywhere on my walks with my dog, and they just felt right for today’s art session. So here’s to butterflies and their beautiful symbolism!

In Celtic mythology, there’s an old Irish saying:

“Butterflies are souls of the dead waiting to pass through Purgatory.” From mindbodygreen.com

It’s no wonder butterflies are often seen as symbols of rebirth. Even Aristotle named the butterfly:

“Psyche,” the Greek word for “soul.” From learnreligions.com

☀️With the weather warming up, days growing longer, and the air full of new scents (and butterfly sightings!🦋), I invite you to really enjoy this season. After drawing today’s butterfly, I realized how freeing it is to just let go and create—no pressure, just fun. Sometimes, taking even a few mindful minutes to do something you love can work wonders—maybe even a little magic.

Hope to catch you on the next one, frens. Godspeed! ✨

Today's butterfly. I drew it on Procreate.

https://stacker.news/items/990470

@ 3f770d65:7a745b24

The recent shutdown of TikTok in the United States due to a potential government ban serves as a stark reminder how fragile centralized platforms truly are under the surface. While these platforms offer convenience, a more polished user experience, and connectivity, they are ultimately beholden to governments, corporations, and other authorities. This makes them vulnerable to censorship, regulation, and outright bans. In contrast, Nostr represents a shift in how we approach online communication and content sharing. Built on the principles of decentralization and user choice, Nostr cannot be banned, because it is not a platform—it is a protocol.

PROTOCOLS, NOT PLATFORMS.

At the heart of Nostr's philosophy is user choice, a feature that fundamentally sets it apart from legacy platforms. In centralized systems, the user experience is dictated by a single person or governing entity. If the platform decides to filter, censor, or ban specific users or content, individuals are left with little action to rectify the situation. They must either accept the changes or abandon the platform entirely, often at the cost of losing their social connections, their data, and their identity.

What's happening with TikTok could never happen on Nostr. With Nostr, the dynamics are completely different. Because it is a protocol, not a platform, no single entity controls the ecosystem. Instead, the protocol enables a network of applications and relays that users can freely choose from. If a particular application or relay implements policies that a user disagrees with, such as censorship, filtering, or even government enforced banning, they are not trapped or abandoned. They have the freedom to move to another application or relay with minimal effort.

THIS IS POWERFUL.

Take, for example, the case of a relay that decides to censor specific content. On a legacy platform, this would result in frustration and a loss of access for users. On Nostr, however, users can simply connect to a different relay that does not impose such restrictions. Similarly, if an application introduces features or policies that users dislike, they can migrate to a different application that better suits their preferences, all while retaining their identity and social connections.

The same principles apply to government bans and censorship. A government can ban a specific application or even multiple applications, just as it can block one relay or several relays. China has implemented both tactics, yet Chinese users continue to exist and actively participate on Nostr, demonstrating Nostr's ability to resistant censorship.

How? Simply, it turns into a game of whack-a-mole. When one relay is censored, another quickly takes its place. When one application is banned, another emerges. Users can also bypass these obstacles by running their own relays and applications directly from their homes or personal devices, eliminating reliance on larger entities or organizations and ensuring continuous access.

AGAIN, THIS IS POWERUFL.

Nostr's open and decentralized design makes it resistant to the kinds of government intervention that led to TikTok's outages this weekend and potential future ban in the next 90 days. There is no central server to target, no company to regulate, and no single point of failure. (Insert your CEO jokes here). As long as there are individuals running relays and applications, users continue creating notes and sending zaps.

Platforms like TikTok can be silenced with the stroke of a pen, leaving millions of users disconnected and abandoned. Social communication should not be silenced so incredibly easily. No one should have that much power over social interactions.

Will we on-board a massive wave of TikTokers in the coming hours or days? I don't know.

TikTokers may not be ready for Nostr yet, and honestly, Nostr may not be ready for them either. The ecosystem still lacks the completely polished applications, tools, and services they’re accustomed to. This is where we say "we're still early". They may not be early adopters like the current Nostr user base. Until we bridge that gap, they’ll likely move to the next centralized platform, only to face another government ban or round of censorship in the future. But eventually, there will come a tipping point, a moment when they’ve had enough. When that time comes, I hope we’re prepared. If we’re not, we risk missing a tremendous opportunity to onboard people who genuinely need Nostr’s freedom.

Until then, to all of the Nostr developers out there, keep up the great work and keep building. Your hard work and determination is needed.

@ 3f68dede:779bb81d

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.

@ bf47c19e:c3d2573b

Zvanični vebsajt knjige

Srpski prevod knjige "The Little Bitcoin Book"

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Zašto je Bitkoin bitan za vašu slobodu, finansije i budućnost?

Verovatno ste čuli za Bitkoin u vestima ili da o njemu raspravljaju vaši prijatelji ili kolege. Kako to da se cena stalno menja? Da li je Bitkoin dobra investicija? Kako to uopšte ima vrednost? Zašto ljudi stalno govore o tome kao da će promeniti svet?

"Mala knjiga o Bitkoinu" govori o tome šta nije u redu sa današnjim novcem i zašto je Bitkoin izmišljen da obezbedi alternativu trenutnom sistemu. Jednostavnim rečima opisuje šta je Bitkoin, kako funkcioniše, zašto je vredan i kako utiče na individualnu slobodu i mogućnosti ljudi svuda - od Nigerije preko Filipina do Venecuele do Sjedinjenih Država. Ova knjiga takođe uključuje odeljak "Pitanja i odgovori" sa nekim od najčešće postavljanih pitanja o Bitkoinu.

Ako želite da saznate više o ovom novom obliku novca koji i dalje izaziva interesovanje i usvajanje širom sveta, onda je ova knjiga za vas.

@ 9c9d2765:16f8c2c2

CHAPTER THIRTY

“So this is what it’s come to?” Mark muttered, his voice barely audible beneath the hum of city traffic outside the courtroom. His suit was neatly pressed, but the weariness in his eyes betrayed sleepless nights. Helen stood beside him, silent for once, clutching her handbag like it was the last anchor to reality.

“Yes,” came a calm voice from behind them. They turned to see James approaching, flanked by Rita and a group of lawyers dressed in solemn black. His presence was poised, commanding, and utterly devoid of fear.

“You both built your legacy on lies,” James continued, his gaze unwavering. “It was only a matter of time before the truth surfaced.”

Helen’s composure cracked as she stepped forward. “You think this is justice, James? You think humiliating us in court will change the past?”

James gave a faint smirk. “No, Helen. But it will make sure no one else suffers because of your greed.”

The courtroom was already brimming with anticipation. Reporters filled the gallery. Spectators whispered rumors with every glance exchanged between lawyers. A judge with decades of experience presided over the case stern and unsympathetic to theatrics.

As the hearing commenced, James’s legal team presented meticulously organized evidence bank statements tracing illicit transactions to offshore accounts, leaked audio recordings of bribe negotiations, falsified media contracts, and forged internal memos. Each document was a nail in the coffin of Helen and Mark’s defense.

Rita testified, her voice calm and articulate, recounting the smear campaign orchestrated by Tracy under their instructions.

“They targeted James not just to discredit him,” she stated, looking the judge directly in the eye, “but to dismantle every ounce of credibility he had built. They used lies as weapons and fear as a shield.”

Tracy, under pressure from investigators, had also turned witness. Her statement confirmed the bribery and named both Helen and Mark as the masterminds.

“I was promised protection. They said James would be out of the picture before he could fight back,” Tracy confessed tearfully. “But I never imagined the damage we were doing.”

Mark buried his face in his hands while Helen’s facade of arrogance disintegrated in front of the press. Her voice trembled as she rose from her seat during cross-examination.

“It wasn’t meant to go this far,” she stammered. “We were just trying to protect our interests.”

The judge’s gavel struck with finality. “This court finds sufficient grounds for a full criminal trial. The charges include corporate fraud, character defamation, and financial manipulation. The accused are to remain in custody pending further proceedings.”

Gasps filled the room. Helen’s knees buckled as officers approached to take her into custody. Mark, pale and visibly shaking, didn’t resist.

As they were led away, James stood watching. Not with triumph but with quiet vindication.

Later that evening, James held a press conference at JP Enterprises. Cameras clicked and lights flashed as he stepped onto the podium.

“Today marks not a victory over enemies,” he said, his voice resonating with calm authority, “but a victory for accountability. For truth. For every hardworking individual who believes that integrity still matters in business.”

The days following the courtroom revelation were nothing short of transformative for James. What once seemed like an unending siege of betrayal and defamation now stood as a monumental testimony of perseverance. His vindication rippled through the business community, not only restoring his honor but elevating his stature to that of a symbol of resilience, truth, and quiet triumph.

The media, which had once been ravenous in its pursuit to scandalize his name, now sought exclusive interviews. Headlines changed overnight: “The President Who Defied the Odds,” “From Disgrace to Glory James’s Unrivaled Comeback,” and “Truth Prevails at JP Enterprises.”

Still, James remained composed. He declined most interview requests, only issuing a single written statement to the press:

“My silence was never a weakness, nor was my patience approved. In a world where deception moves faster than truth, I chose to let integrity do the talking. Let this be a reminder: time may delay justice, but it cannot deny it.”

In the boardroom of JP Enterprises, there was a newfound sense of reverence. Senior executives who once viewed James with reserved acknowledgment now listened with deference. Staff who had wavered in their loyalties found themselves inspired by his unshakable conviction.

Rita, reinstated officially as General Manager, transformed the company’s internal culture. She advocated for transparency, fairness, and accountability, echoing James’s values. Together, they initiated corporate reforms that would safeguard JP Enterprises against future exploitation. Employee welfare programs were improved, mentorship initiatives were introduced, and innovation was rewarded instead of suppressed.

As for Helen and Mark, the criminal proceedings dragged them through every layer of public accountability. Their assets were frozen pending investigation, and the companies they once boasted of began to crumble under the weight of distrust. The Ray family, mortified and shamed, distanced themselves completely. Robert, in particular, approached James privately, full of contrition.

“I misjudged you,” he said quietly, standing across from James in the same office where he once dismissed him. “And I know an apology may not undo what has been done… but I needed to say it.”

James, ever composed, gave a small nod. “Acknowledgment is the first step toward redemption, Robert. What you do with the rest of your journey that’s what will matter.”

Despite all the chaos, James found time to reconnect with himself. On certain evenings, he would return to the very neighborhood where he had once wandered, alone and destitute. He walked its narrow lanes not with bitterness, but gratitude. Every hardship had refined him. Every betrayal had taught him discernment.

On the sixteenth floor of JP Tower, standing before the massive glass window that overlooked the city skyline, James often stood in silence, his reflection merging with the city lights. He knew his story wasn’t merely about power or wealth, it was about transformation.

The days that followed James’s public exoneration ushered in a new chapter not only in his professional journey but also in his personal life. Amidst the rising stature and recognition, there remained unresolved threads that tugged quietly at his conscience chief among them, his estranged wife, Rita.

Though she was back in her rightful position at JP Enterprises, a wall of silence stood between them, built from years of misunderstanding, pride, and pain. Their conversations, though respectful and professional, were void of warmth. Yet, beneath her poised demeanor, James could sense her hesitation, perhaps a longing unspoken, restrained by fear of rejection or guilt over the past.

@ 6389be64:ef439d32

Black Locust can grow up to 170 ft tall

Grows 3-4 ft. per year

Native to North America

Cold hardy in zones 3 to 8

Firewood

• BLT wood, on a pound for pound basis is roughly half that of Anthracite Coal
• Since its growth is fast, firewood can be plentiful

Timber

• Rot resistant due to a naturally produced robinin in the wood
  • 100 year life span in full soil contact! (better than cedar performance)
  • Fence posts
  • Outdoor furniture
  • Outdoor decking
• Sustainable due to its fast growth and spread
  • Can be coppiced (cut to the ground)
  • Can be pollarded (cut above ground)
• Its dense wood makes durable tool handles, boxes (tool), and furniture
  • The wood is tougher than hickory, which is tougher than hard maple, which is tougher than oak.
  • A very low rate of expansion and contraction
  • Hardwood flooring
  • The highest tensile beam strength of any American tree
• The wood is beautiful

Legume

• Nitrogen fixer
  • Fixes the same amount of nitrogen per acre as is needed for 200-bushel/acre corn
  • Black walnuts inter-planted with locust as “nurse” trees were shown to rapidly increase their growth [[Clark, Paul M., and Robert D. Williams. (1978) Black walnut growth increased when interplanted with nitrogen-fixing shrubs and trees. Proceedings of the Indiana Academy of Science, vol. 88, pp. 88-91.]]

Bees

• The edible flower clusters are also a top food source for honey bees

Shade Provider

• Its light, airy overstory provides dappled shade
  • Planted on the west side of a garden it provides relief during the hottest part of the day
  • (nitrogen provider)
  • Planted on the west side of a house, its quick growth soon shades that side from the sun

Wind-break

• Fast growth plus it's feathery foliage reduces wind for animals, crops, and shelters

Fodder

• Over 20% crude protein
• 4.1 kcal/g of energy
• Baertsche, S.R, M.T. Yokoyama, and J.W. Hanover (1986) Short rotation, hardwood tree biomass as potential ruminant feed-chemical composition, nylon bag ruminal degradation and ensilement of selected species. J. Animal Sci. 63 2028-2043

@ 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.

@ bf47c19e:c3d2573b

Originalni tekst na bitcoin-balkan.com.

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Pregled sadržaja

1. 5 Razloga Zašto je Novac Važan za Vas, Individualno
2. 3 Razloga Zašto je Novac Važan za Društvo u Celini
3. Zašto ljudi mrze novac?

Novac vs trenuci – da li oni treba da budu u sukobu? Kakva je uloga novca?

Novac je nepredvidiva zver modernog društva – neki ga veličaju sa stalnom željom da steknu više, dok ga drugi demonizuju i kažu da je pohlepa srž društvenih problema. Tokom mnogih godina svog života, ja sam često prelazio sa jednog na drugo gledište, i naučio mnogo toga upoznajući druge ljude koji žive na oba kraja ovog spektra. Kao i kod mnogih složenih tema, istina leži negde u sredini.

Novac je važan zato što on može da pomogne u uklanjanju materijalnih želja i patnji – omogućavanjem da preuzmete kontrolu nad svojim životom i da brinete o voljenima. Novac podiže životni standard društva omogućavanjem trgovine, a pritom minimalizuje potrebu za poverenjem.

Na novac možemo gledati kao na način da svoj uloženi trud sačuvamo u odredjenom obliku, i da ga vremenom prenesemo, tako da možemo da uživamo u plodovima svog rada. Novac kao alat je jedna od najvažnijih stvari za rast civilizacije. Na nesreću, mnogi su vremenom zlostavljali novac, ali sa dobrim razlogom: način na koji naš novac danas funkcioniše dovodi do duboko podeljenog društva – što ću i objasniti.

5 Razloga Zašto je Novac Važan za Vas, Individualno

Novac je važan za rast bogatstva, što je malo drugačije od toga da imamo veliku platu ili jednostavno zarađivati velike količine novca. Bogatstvo je otklanjanje želja, kako bi mogli da obratimo više pažnje na neke korisnije stvari u životu, od pukog preživljavanja i osnovnih udobnosti.

Bogata osoba je ona koja zaradi više novca nego što potroši, i koja ga čuva – ona čuva svoj rad tokom vremena. Uporedite ovo sa visoko plaćenim lekarom koji živi u velikoj vili sa hipotekom i sa Mercedesom na lizing. Iako ova osoba ima visoke prihode, ona takođe ima velike rashode u vidu obaveze plaćanja te hipoteke i lizinga. Te obaveze sprečavaju ovu osobu da uživa u istinskim blagodetima novca i bogatstva koje one predstavljaju:

1. Sloboda od potrebe za radom

Bez bogatstva, vi morate da radite da biste preživeli. Dostizanjem bogatstva i odredjenom imovinom koja vam donosi novac bez potrebe da vi trošite svoje vreme, vi možete da oslobodite svoj raspored. Više ne zavisite od posla koji mrzite, i nemorate da provodite 40 sati nedeljno odvojeni od porodice, samo da biste se pobrinuli za svoje osnovne potrebe. Dobijanje otkaza u padu ekonomije neće vas dovesti do finansijske propasti ili nečeg goreg.

2. Kontrola nad time kako vi trošite svoje vreme

Kada steknete bogatstvo, vi možete da odlučite kako želite da provodite svoje vreme. Kada se nalazimo u trci pacova i radimo 40+ sati nedeljno, često se naviknemo da novac trošimo onda kada imamo slobodnog vremena. Idemo na lepe večere ili idemo na skupe odmore. Međutim, sa više vremena, a možda čak i sa manje novca, mi možemo da imamo isto ili više uživanja živeći usporenije.

Razmislite o ovome – ukoliko imate samo 1 nedelju slobodno od posla, vi onda morate da kupite onaj mnogo skuplji let u Petak uveče koji se vraća u sledeću Nedelju, kako biste maksimalno iskoristili svoje vreme na nekom egzotičnom mestu za odmor. Međutim, ukoliko ste u mogućnosti da izdržavate sebe bez potrebe da mnogo vremena provodite na poslu, vi onda možete u Utorak da krenete jeftinijim letom i vratite se u sledeću Sredu. Takođe nećete osećati toliki pritisak da se opustite u uživanju tokom vaše nedelje u inostranstvu – možda ćete čak moći i da ostanete duže i da istražujete više, bez plaćanja skupih turističkih agencija i hotela kako bi organizovali vaše kraće putovanje.

3. Sposobnost da pomažete vašim prijateljima i porodici

Onda kada novca imate na pretek, možete poboljšati svoje odnose sa prijateljima i porodicom ne samo kroz dodatno slobodno vreme koje provodite sa njima, već i sa samim novcem. Ako je vašem prijatelju potrebna hitna operacija, vi možete da mu izadjete u susret i pomognete mu da stane na svoje noge. Ukoliko vam je tetka bolesna, vi možete da provedete vreme pored nje, umesto da je pozovete na kratko dok putujete prema kući vraćajući se nakon celog dana provedenog u kancelariji.

4. Smanjen finansijski stres

Stres je sveobuhvatno i opasno stanje modernog doba, sa kojim gotovo svi mi živimo u nekoj odredjenoj meri. Povezan je sa lošim zdravljem, sa preko 43% svih odraslih koji kažu da pate od odredjenih zdravstvenih problema uzrokovanih stresom. Stres zbog posla pogađa 83% zaposlenih.

Pravo bogatstvo – koje znači eliminaciju želja i potreba – može da ukloni ovaj stres i njegove negativne uticaje na druge delove života. Ovo bi čak moglo da ukloni većinu stresa u vašem životu, uzimajući u obzir da je uzrok stresa broj 1 upravo novac.

5. Bolje možete da pomognete vašoj zajednici

Mnogi od nas žele da volontiraju u svojim zajednicama i pomognu onima koja je pomoć preko potrebna, ali nisu u stanju da pronađu slobodnog vremena i energije zbog svog posla, porodice i društvenih aktivnosti koje nas mentalno i fizički čine srećnima, zdravima i hranjenima. Sa bogatstvom, mi možemo da posvetimo vreme koje nam je potrebno za razumevanje i doprinos drugima – a ne samo da sa vremena na vreme pomognemo slanjem humanitarnog SMS-a.

---

Novac, koji se pametno koristi, je moćno sredstvo za poboljšanje vašeg života i života vaših najmilijih i zajednice. Međutim, novac je takođe moćno sredstvo za poboljšanje društva u celini – ukoliko je dobro strukturiran.

3 Razloga Zašto je Novac Važan za Društvo u Celini

Novac poboljšava sposobnost ljudi da trguju jedni s drugima, što podstiče određene specijalizacije. Ako je imanje vašeg komšije odlično za proizvodnju vina, a vaše je pogodno za žito, obojica možete da profitirate trgovinom. Sad oboje imate i hleb i vino, umesto jednog pijanog vlasnika vinograda i jednog proizvodjača žita kome je dosadno!

Novac poboljšava društvo na nekoliko načina:

1. Omogućava specijalizaciju

Kao u primeru vlasnika vinograda i proizvodjača žita, novac omogućava povećanu specijalizaciju poboljšavajući sposobnost trgovine. Svaka razmena dobara ima problem sa ‘sticajima potreba’ – oba partnera u trgovini moraju da žele ono što druga osoba ima da bi pristala na trgovinu.

Možemo da mislimo o novcu kao o dobru koje žele gotovo svi. Ovo trgovinu čini mnogo jednostavnijom – da biste stekli odredjeno dobro, sve što vam je potrebno je novac, a ne neka slučajna stvar koju prodavac tog dobra takođe želi u tom trenutku. Vremenom je upotreba novca omogućila specijalizaciju, što je povećalo kvalitet i složenost roba i usluga.

Zamislite da sami pokušate da napravite svoj telefon – a bili su potrebni milioni stručnjaka i specijalizovana oprema da bi proizveli taj uređaj. Svi ti stručnjaci i kompanije plaćaju jedni drugima u novcu, omogućavajući složenom plesu globalnih proizvođača i lanaca snabdevanja da taj telefon isporuče na dlan vaše ruke. Čak i nešto tako jednostavno kao flaša za vodu uključuje naftna polja i proizvodne pogone koji su možda hiljadama kilometara od vaše kuće.

Kada ljudi mogu da se specijalizuju, kvalitet robe i usluga može da se poveća.

2. Omogućava korisnu trgovinu uz smanjeno poverenje

Mala društva mogu mirno i produktivno da posluju bez novca koristeći usluge, “dodjem ti” i uzajamno razumevanje. Međutim, kako se društva uvećavaju, svima brzo postaje nemoguće da održavaju lične odnose i isti stepen poverenja sa svima ostalima. Sistem trgovine uslugama i međusobnog poverenja ne funkcioniše previše dobro sa putnikom koji se nalazi na proputovanju kroz grad, i provede samo 15 minuta svog života u vašoj prodavnici.

Novac minimizira poverenje potrebno za trgovinu u većim društvima. Sada više ne moram da verujem da ćete mi pomoći kasnije kada mi zatreba – mogu samo da prihvatim uplatu od vas i da to koristim da bih sebi pomogao kasnije. Jedan od mojih omiljenih mislilaca, Nick Szabo, ovo naziva ‘društvena prilagodljivost’.

3. Smanjuje upotrebu sile

Kada društvo teži upotrebi određenog oblika novca za olakšavanje trgovine, može u velikoj meri da smanji nasilje u tom društvu. Kako to može biti tako? Zar ljudi ne bi i dalje želeli da kradu jedni od drugih ili da se svete?

Ukoliko razmišljamo van uobičajnih okvira, možemo da počnemo da razumemo kako novac može da smanji nasilje. Ako ti i ja živimo u susednim zemljama i želimo nešto što druga zemlja ima, imamo dva načina da to dobijemo: uzimanjem na silu ili menjanjem nečeg našeg za to. Kao što je ranije rečeno, novac znatno olakšava trgovinu – pa ćemo postojanjem zajedničkog monetarnog sistema verovatnije radje izvršiti trgovinu nego napad na zemlju. Zašto bismo rizikovali svoje živote kad možemo samo mirno da trgujemo jedni sa drugima?

Zašto ljudi mrze novac?

Pa ako novac ima toliko koristi za nas lično i za društvo u celini, zašto toliko ljudi mrzi novac? Zašto je demonizovan, zajedno sa onima koji ga imaju puno?

Za deo ovoga može biti okrivljen problem u jednakosti mogućnosti – to da je nekima teže da izadju iz nemaštine i postanu bogati. Bez sumnje, neki mali deo potiče od ljudi koji jednostavno ne žele da se trude ili preduzmu neophodne rizike da bi postali bogati.

Međutim, oba ova problema imaju više veze sa problemima kako naš novac danas funkcioniše, nego sa bilo kojim problemom u samom konceptu novca. Novčani sistem treba da nagrađuje ljude koji proizvode vredne stvari i trguju njima sa drugima. Verujem da većina ljudi danas misli da novac tako funkcioniše, i to ne bi smelo da bude daleko od istine.

Naš trenutni monetarni sistem, na žalost, nagrađuje ’finansijalizaciju’ – pretvarajući sve u imovinu, čija vrednost može da se napumpava ili spušta stvaranjem dobre priče i navođenjem drugih da veruju u nju. Razuzdani dug pogonjen stalnim omalovažavanjem svih glavnih valuta dodat je ovom blatu finansijalizacije. Sada je isplativije podići ogroman kredit i koristiti ga za brzo okretanje imovine radi zarade nego izgraditi posao koji društvu nudi korisne robe i usluge.

Tradicionalni monetarni sistem dodatno nagradjuje predatore, partnere u zločinu i neradnike.

Propast našeg novca razvila se tokom proteklih pola veka, počevši od toga kada su naše valute postale ništa više od parčeta papira, podržanog sa verom i kreditima naših vlada. Da biste bolje razumeli ovu promenu, pogledajte moj post o svrsi i istoriji novca.

Ako vam se sviđa moj rad, molim vas da ga podelite sa svojim prijateljima i porodicom. Cilj mi je da svima pružim pogled u ekonomiju i na to kako ona utiče na njihov život.

@ 45d6c2bf:56915a25

published without nostr installed

@ 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)

@ 94e2c22d:d50b08a3

Night photography opens up a whole new dimension of creativity—and with a bit of know-how, your camera becomes a tool for painting with light. Whether you're a curious beginner or looking to refine your technique, these 12 practical tips will help you get started on the right foot. From gear choices to artistic mindset, here’s what you need to know.

1. Know Your Gear – Learn how to operate your camera in complete darkness. You should be comfortable using settings like ISO, aperture, and manual focus without relying on the display.

2. Understand Exposure – Manual settings are crucial. Use low ISO for noise reduction and long exposure times to capture light trails. A tripod is essential for stability.

3. Experiment and Learn – Review your images critically and learn from mistakes. Every attempt offers an opportunity to refine your technique.

4. Avoid Gear Obsession – You don’t need the latest camera. Even basic models can produce impressive results with the right approach.

5. Pack Light – Carry minimal equipment to stay flexible and creative. Too many tools can hinder spontaneity.

6. Use Prime Lenses – Fixed focal length lenses often deliver better quality and let in more light. They also force you to think more about composition.

7. Create Images on Site – Aim to achieve effects in-camera, not later through editing. This improves your skills and leads to more authentic outcomes.

8. See It as a Journey – Be patient and enjoy the process. Your artistic voice will develop over time.

9. Set Goals – Give yourself creative challenges or themes to stay motivated.

10. Plan Your Shoots – Research your location and check weather and moonlight conditions in advance. This minimizes wasted time and frustration.

11. Get Inspired by Others – Study the work of other light painters or night photographers. Join communities to share experiences and gather new ideas.

12. Question the Rules – Creativity often involves breaking away from norms. Don’t be afraid to try unconventional techniques or styles.

Night photography and light painting are not just technical exercises—they're a playful exploration of light, time, and creativity. Don’t stress about perfection. Instead, enjoy the process, embrace the learning curve, and let your imagination run wild. With a bit of patience and these tips in your toolkit, you're well on your way to capturing the magic of the light at night.

Picture created by: Kim Von Coels / Model: Mafu Fuma

@ 43baaf0c:d193e34c

During the incredible Bitcoin Filmfest, I attended a community session where a discussion emerged about zapping and why I believe zaps are important. The person leading the Nostr session who is also developing an app that’s partially connected to Nostr mentioned they wouldn’t be implementing the zap mechanism directly. This sparked a brief but meaningful debate, which is why I’d like to share my perspective as an artist and content creator on why zaps truly matter.

Let me start by saying that I see everything from the perspective of an artist and creator, not so much from a developer’s point of view. In 2023, I started using Nostr after spending a few years exploring the world of ‘shitcoins’ and NFTs, beginning in 2018. Even though I became a Bitcoin maximalist around 2023, those earlier years taught me an important lesson: it is possible to earn money with my art.

Whether you love or hate them, NFTs opened my eyes to the idea that I could finally take my art to the next level. Before that, for over 15 years, I ran a travel stock video content company called @traveltelly. You can read the full story about my journey in travel and content here: https://yakihonne.com/article/traveltelly@primal.net/vZc1c8aXrc-3hniN6IMdK

When I truly understood what Bitcoin meant to me, I left all other coins behind. Some would call that becoming a Bitcoin maximalist.

The first time I used Nostr, I discovered the magic of zapping. It amazed me that someone who appreciates your art or content could reward you—not just with a like, but with real value: Bitcoin, the hardest money on earth. Zaps are small amounts of Bitcoin sent as a sign of support or appreciation. (Each Bitcoin is divisible into 100 million units called Satoshis, or Sats for short—making a Satoshi the smallest unit of Bitcoin recorded on the blockchain.)

The Energy of Zaps

If you’re building an app on Nostr—or even just connecting to it—but choose not to include zaps, why should artists and content creators share their work there? Why would they leave platforms like Instagram or Facebook, which already benefit from massive network effects?

Yes, the ability to own your own data is one of Nostr’s greatest strengths. That alone is a powerful reason to embrace the protocol. No one can ban you. You control your content. And the ability to post once and have it appear across multiple Nostr clients is an amazing feature.

But for creators, energy matters. Engagement isn’t just about numbers—it’s about value. Zaps create a feedback loop powered by real appreciation and real value, in the form of Bitcoin. They’re a signal that your content matters. And that energy is what makes creating on Nostr so special.

But beyond those key elements, I also look at this from a commercial perspective. The truth is, we still can’t pay for groceries with kisses :)—we still need money as a medium of exchange. Being financially rewarded for sharing your content gives creators a real incentive to keep creating and sharing. That’s where zaps come in—they add economic value to engagement.

A Protocol for Emerging Artists and Creators

I believe Nostr offers a great starting point for emerging artists and content creators. If you’re just beginning and don’t already have a large following on traditional social media platforms, Nostr provides a space where your work can be appreciated and directly supported with Bitcoin, even by a small but engaged community.

On the other hand, creators who already have a big audience and steady income on platforms like Instagram or YouTube may not feel the urgency to switch. This is similar to how wealthier countries are often slower to understand or adopt Bitcoin—because they don’t need it yet. In contrast, people in unbanked regions or countries facing high inflation are more motivated to learn how money really works.

In the same way, emerging creators—those still finding their audience and looking for sustainable ways to grow—are often more open to exploring new ecosystems like Nostr, where innovation and financial empowerment go hand in hand.

The same goes for Nostr. After using it for the past two years, I can honestly say: without Nostr, I wouldn’t be the artist I am today.

Nostr motivates me to create and share every single day. A like is nice but receiving a zap, even just 21 sats, is something entirely different. Once you truly understand that someone is willing to pay you for what you share, it’s no longer about the amount. It’s about the magic behind it. That simple gesture creates a powerful, positive energy that keeps you going.

Even with Nostr’s still relatively small user base, I’ve already been able to create projects that simply wouldn’t have been possible elsewhere.

Zaps do more than just reward—they inspire. They encourage you to keep building your community. That inspiration often leads to new projects. Sometimes, the people who zap you become directly involved in your work, or even ask you to create something specifically for them.

That’s the real value of zaps: not just micro-payments, but micro-connections sparks that lead to creativity, collaboration, and growth.

Proof of Work (PoW)

Over the past two years, I’ve experienced firsthand how small zaps can evolve into full art projects and even lead to real sales. Here are two examples that started with zaps and turned into something much bigger:

Halving 2024 Artwork

When I started the Halving 2024 project, I invited people on Nostr to be part of it. 70 people zapped me 2,100 sats each, and in return, I included their Npubs in the final artwork. That piece was later auctioned and sold to Jurjen de Vries for 225,128 Sats.

Magic Internet Money

For the Magic Internet Money artwork, I again invited people to zap 2,100 sats to be included. Fifty people participated, and their contributions became part of the final art frame. The completed piece was eventually sold to Filip for 480,000 sats.

These examples show the power of zaps: a simple, small act of appreciation can turn into larger engagement, deeper connection, and even the sale of original art. Zaps aren’t just tips—they’re a form of collaboration and support that fuel creative energy.

I hope this article gives developers a glimpse into the perspective of an artist using Nostr. Of course, this is just one artist’s view, and it doesn’t claim to speak for everyone. But I felt it was important to share my Proof of Work and perspective.

For me, Zaps matter.

Thank you to all the developers who are building these amazing apps on Nostr. Your work empowers artists like me to share, grow, and be supported through the value-for-value model.

@ 9c9d2765:16f8c2c2

CHAPTER TWENTY NINE In boardrooms, lounges, and even on social media platforms, one question echoed relentlessly: Who is this man who rose from the ashes, not just to lead, but to lead with such bold transparency?

Meanwhile, in a dimly lit office nestled deep within Ray Enterprises, Helen paced restlessly across her carpeted floor. Her heels clicked in rhythm with the tension radiating from her. Mark stood by the window, nervously peeking through the blinds as though paranoia had taken root in his very soul.

“This can’t be happening,” Helen hissed, her voice sharp with frustration. “That press conference flipped everything. Now we’re the ones under scrutiny, and James has flipped the narrative like a magician.”

Mark turned, his voice laced with disbelief. “You saw the financial reports. Investors are pulling out of our side deals. If this continues, Ray Enterprises will collapse under the weight of its own debt.”

Helen clenched her fists, her perfectly manicured nails digging into her palms. “We need leverage. Something from his past. Something real. If the rumors didn’t ruin him, maybe the truth whatever it is will.”

But unknown to them, their every word was being monitored.

Lilian, the sharp cybersecurity expert at JP Enterprises, had tapped into Helen’s office through a corrupted email file disguised as a sponsorship request. Every correspondence, every call, and every document opened since then had been recorded and encrypted. Now, James had everything he needed and more.

At JP Enterprises, James stood in the private archive room, going through printed transcriptions of the recordings. Rita entered quietly, holding another file.

“We’ve compiled a list of shell companies used to launder bribe money into media firms and anonymous accounts,” she said, placing the documents gently before him.

James glanced through the list. Names of journalists, bloggers, and even a few local politicians filled the pages.

“They thought hiding behind faceless transactions would protect them,” he said calmly. “But even shadows betray their source when the light is bright enough.”

He closed the file slowly and looked at Rita.

“Let’s prepare the evidence for the federal board. By the time I’m done, Ray Enterprises will not only owe us 85%… they’ll owe us their very survival.”

The following day, the National Corporate Regulatory Board received a sealed dossier containing proof of bribery, media manipulation, and corporate fraud complete with audio clips, transaction records, and screen captures. An anonymous tip, courtesy of The Integrity Initiative.

As the investigation began to stir, Helen and Mark received a legal summons. Panic set in like a poison. Reporters camped outside Ray Enterprises. Shareholders demanded answers. The once feared and revered duo now found themselves cornered like rats.

In a final, desperate attempt, Helen reached out to James.

She showed up at JP Enterprises’ reception uninvited, her expression soft but insincere. She was dressed in white as if to evoke purity but James saw through the façade like glass.

“James,” she began, her voice low and trembling, “I know we’ve had our differences, but let’s not destroy each other. We can fix this, together. Let’s negotiate.”

James leaned back in his chair, eyes piercing.

“Negotiate?” he echoed, a wry smile touching his lips. “When you smeared my name, tried to sabotage my company, and humiliated me in public?”

Helen faltered but held her composure.

“It was business, James. That’s all. I didn’t mean to”

James cut her off with a raised hand.

“You didn’t mean to destroy my life? Helen, you orchestrated an entire charade. You bribed people to lie. But now the charade is over. And business… has consequences.”

He reached into his drawer, pulled out a copy of the legal complaint already filed against her, and placed it in front of her.

“You have 24 hours to prepare your lawyers.”

Helen’s mask of grace fell instantly. Her hands shook as she picked up the file, her eyes scanning the lines like a woman reading her own obituary.