@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• RoboSats v0.7.7-alpha is now available!

NOTE: "This version of clients is not compatible with older versions of coordinators. Coordinators must upgrade first, make sure you don't upgrade your client while this is marked as pre-release."

• This version brings a new and improved coordinators view with reviews signed both by the robot and the coordinator, adds market price sources in coordinator profiles, shows a correct warning for canceling non-taken orders after a payment attempt, adds Uzbek sum currency, and includes package library updates for coordinators.

Source: RoboSats.

• siggy47 is writing daily RoboSats activity reviews on stacker.news. Check them out here.
• Stay up-to-date with RoboSats on Nostr.

What's new

• New coordinators view (see the picture above).
• Available coordinator reviews signed by both the robot and the coordinator.
• Coordinators now display market price sources in their profiles.

Source: RoboSats.

• Fix for wrong message on cancel button when taking an order. Users are now warned if they try to cancel a non taken order after a payment attempt.
• Uzbek sum currency now available.
• For coordinators: library updates.
• Add docker frontend (#1861).
• Add order review token (#1869).
• Add UZS migration (#1875).
• Fixed tests review (#1878).
• Nostr pubkey for Robot (#1887).

New contributors

• @hexlorn made their first contribution in #1858.
• @umk0m1qk made their first contribution in #1864.

Full Changelog: v0.7.6-alpha...v0.7.7-alpha

GitHub Repo

@ 9ca447d2:fbf5a36d

Wall Street is warming up to Bitcoin and getting closer and closer to it.

Cantor Fitzgerald, one of the oldest and most respected investment banks on Wall Street, has launched a $2 billion bitcoin-backed lending program.

They’ve reportedly already done their first deals, lending to two big digital asset companies: FalconX and Maple Finance.

This is a big step in connecting traditional finance to the fast-moving world of Bitcoin.

Cantor’s new service allows big investors, hedge funds and asset managers, to borrow money using bitcoin as collateral.

This is a game changer for institutions that hold bitcoin, as they can now access liquidity without having to sell their assets.

“Institutions holding bitcoin are looking to broaden their access to diverse funding sources,” said Christian Wall, co-CEO and global head of fixed income at Cantor Fitzgerald.

“And we are excited to support their liquidity needs to help them drive long term growth and success.”

The loans are not speculative or unsecured.

They are structured like traditional finance deals, backed by the borrower’s bitcoin. This reduces the risk for Cantor while giving bitcoin-holding companies new ways to grow and operate.

The first recipients of Cantor’s lending program are FalconX, a digital asset brokerage, and Maple Finance, a blockchain-based lending platform.

FalconX confirmed they secured a credit facility of over $100 million. Maple Finance also received the first tranche of their loan from Cantor.

This comes at a time when the bitcoin lending space is recovering after a tough period. Several big firms went under in 2022 and investor confidence was shaken.

Now with traditional finance on board, bitcoin-backed lending has returned. According to Galaxy Research the total size of the digital asset lending market grew to $36.5 billion in Q4 2024.

Cantor’s move into bitcoin-backed lending isn’t new. They announced their plans in July 2024 and have been building their presence in the Bitcoin space since then.

Earlier this year, they partnered with Tether, SoftBank and Bitfinex to launch Twenty One Capital, a $3.6 billion fund to buy over 42,000 bitcoin.

In May 2025 Cantor Equity Partners merged with Twenty One Capital and bought nearly $459 million worth of bitcoin.

They also own around $1.9 billion in shares of Strategy, a company that holds a lot of bitcoin. Clearly Cantor believes in bitcoin as a long-term asset.

Cantor is also a big player in the stablecoin space.

They manage U.S. Treasury reserves for Tether, the company behind the $142 billion USDT stablecoin. This adds another layer of trust and credibility to Cantor’s digital asset involvement.

To secure the bitcoin used as collateral, Cantor has partnered with digital asset custodians Anchorage Digital and Copper.co.

These companies are known for their robust security and institutional-grade infrastructure. Cantor hasn’t disclosed loan terms or interest rates but confirmed the lending will follow current regulations.

This also shows how traditional financial players are embracing DeFi.

Maple Finance for example allows undercollateralized lending using blockchain. By backing companies like Maple, Cantor is innovating while still having control and compliance.

For years, bitcoin-backed loans were only available through digital-asset-native companies like Genesis, BlockFi, and Ledn.

These loans were mostly for smaller clients and retail investors. But with Cantor’s entry, the scale and professionalism of bitcoin lending are expanding.

@ 81022b27:2b8d0644

I’ve always gravitated to ideas and topics that are not quite mainstream:

Well, like CHIROPRACTIC.

But even in chiropractic school, I went fringe. I heard about one of the technique clubs (Toftness) that showed you how you could detect a subluxation by just rubbing your thumb over a piece of plexiglass.

We were discussing that in a group, and most of my friends were saying:

“What a load of shit!”

And that made my ears perk up.

So I started going to the club meetings.

I walk in, and there’s a guy face down on a chiropractic table while another guy was holding what looked like some sort of cyberpunk lens. He started rubbing it and worked it down the guy's spine.

He pointed out areas that were subluxated:

“Here.”

And going further down:

“Here.”

And:

“Here.”

Wow.

Then he “adjusted” by touching the spine with his index finger.

My mind was blown.

So you mean I didn’t have to be adjusted the way Harvey Fish did?

Dr. Fish was a great guy and would adjust students for, I think, $10. You’d go in, wait to see if he had any “real patients.” In between patients, he would adjust the students. He was heavy-handed and sure as hell able to move a bone.

So now I’m intrigued and curious. I studied and practiced any chance I had. I had different friends that I studied different things with.

(Except for Dyslexic Dave - nobody wanted to study with that guy. Our group did once, and we all failed a test. His dyslexia was so powerful, it overcame all of us.)

I’d study all the weird stuff with my friend Victoria, and then we would go get our network chiropractic adjustment from Dr. Michael Scimeca.

I found out that it wasn’t the Toftness lens that had the super-powers. Instead, it was because when your hand detected a change in energy over the spinal segments, there's a “galvanic response” similar to that of a polygraph lie detector test. So it made the skin on my hand “sweat,” and that made the plexiglass squeak and stick.

So it wasn’t the equipment. It was me.

After a while, I realized that I could feel a warmth on my chest right before the lens squeaked. So, I ditched the lens and started working on people where I “felt” the subluxations were located.

Seemed to work well - I always double-checked my “regular” chiropractic findings with what I felt. We studied for exams, then practiced technique on each other.

One time at a seminar, the instructor demonstrated what to do and asked for volunteers - one to be the patient and the other to be the doctor. I watched this guy struggling with his patient. It looked like he had flippers instead of hands; the whole interaction was super awkward.

All of a sudden, I started feeling uncomfortable and just blurted out:

“For God’s sake, leave him alone! Can’t you tell he is super annoyed and angry?”

Oops.

The instructor said, “Yes, maybe we should take a break.”

The guy that was the patient came up to me and asked, “How did you know?”

“I don’t know, I just felt it,” I said.

After that I started trying to see if I could feel what others were feeling. So when I was bored in a class, I’d go down the rows and try to feel what the my fellow students felt and quickly move on.

Going down the row: nothing, nothing nothing. This guy is pissed off, next one: nothing, nothing, Ow! She has a headache.

Dammit! Now I have a headache!

So that turned into a problem: When I worked on someone that had pain or other symptoms, I would take those on for myself. And the person I worked on would leave feeling great.

My friend Juanita did what is called an "attunement," and I became a Reiki Master.

Reiki masters are supposed to move energy around, but I was afraid I’d pick up too much of someone’s vibe and it would make me uncomfortable.

Plus, I can’t be doing energy work if I’m a chiropractor now.

So I kept all that checked and on the "down low"; sometimes I would get a "feeling" about a client while I was working on them. Surprisingly, it was always correct and it helped my client to make progress.

At some point, I started feeling that I needed to be true to myself, and if I had these abilities and I was able to use them to help the people that came to see me, then that's what I was going to do.

I've embraced this side of my work. If my clients need some emotional work, that’s what we work on, if they need some energy work, then they get it.

I suppose some people don’t want a chiropractor that’s metaphysical, but really-that’s how it all started. There are plenty of “evidence-based” chiropractors out there that can’t adjust their way out of a paper bag.

If the power goes off, they couldn’t use their lasers or whatever machine the Chiropractic Physiotherapy Industrial Complex wants you to buy now.

While I appreciate all the fancy parties they throw for us at continuing education seminars, they are infiltrating the chiropractic schools and now we are pumping out new chiropractors that only think they will be successful if they have the latest and greatest shiny machine.

I’ve studied a bunch of different things, I’ve found what works for me and refined it.

I tell my clients :

“I’m a better chiropractor today than I was yesterday, and I was pretty good back then!”

So I guess my next step is teaching some of this information and hoping to pass it on before my time here is up.

And you know what? I will love every damn minute of it!

There's nothing quite like sharing the weird, the wonderful, and the downright strange ways we can help people heal.

So, let's get to it—I've got a lot of sharing and teaching to do—it's going to be exciting!

@ 81022b27:2b8d0644

I have a family practice where I see pretty much everything, from infants to the elderly, athletes to people with disabilities.

When someone gets good results, they always want their loved ones to benefit in the same way.

Husbands tell their wives, wives bring in their husbands...

I even had a guy bring both his wife and his girlfriend! On different days, of course.

So, sometimes we notice a little bit of drama here and there. When one of our couples divorces, someone usually gets custody of the chiropractor.

It's rare that I keep seeing both parties.

It's probably for the best, because there was this one time when a guy showed up with his new "friend" while the ex’s best friend was in the waiting area.

Well, it was like an episode of the "Jerry Springer Show" that day.

Let's get to the story:

This one guy I’d been working on started coming in more frequently, complaining of more pain, more aches, more everything.

I've been doing this for a while now, so I told him that when I see this, it's one of two things:

Either you are physically doing something to aggravate the issue,

Or you are under emotional stress.

He told me that he and his wife were having problems, and there was lots of drama.

Of course, I kept working on him. Sometimes I did some emotional work, but with men, I have to be very business-like when dealing with emotions because we don't like to deal with them.

Time passed, and they finally divorced.

He still comes in regularly, and I've noticed he has less pain and fewer issues. His visits are more like "wellness visits"; he seems in better spirits.

I thought I'd never see the ex-wife again, but she showed up today, and when I checked her, she's doing better than ever!

It got me thinking... these people are way better off divorced! They're not in constant fight-or-flight mode; I'm sure they are happier or will be. It's a positive all the way around.

I've been divorced twice. That's not something I'm proud of. I see both those divorces as failures.

I was 23 when I got married the first time. We were both super young and unprepared. We struggled for four years, and then she wanted out.

Not that I blame her; I was unhappy with myself, and my frustration and unhappiness bled into the relationship.

My second marriage lasted a lot longer than the first. After all we were older, ended up having 2 kids and I really, really tried.

I was just terrified of losing my girls. I even recall saying that I was willing to be miserable and unhappy just “for the kids”

The truth is once we separated, I probably spent more “quality time” with my daughters than I had before.

But here’s the thing in both marriages I would have willingly given up the chance to be happier with a clean end to the relationship in order to give it another shot.

At some point you just run out of shots.

I see elderly couples out at restaurants and they hardly say anything to each other. Is it because they know each other so well that they don’t need to speak, or is one of them silently praying the other one will drop dead so they will finally have a chance at happiness?

What I’m trying to say here is:

Maybe there is no hope for that relationship that you are giving CPR

Maybe it’s time to move on.

Live Long and Prosper. 🖖

@ c11cf5f8:4928464d

Howdy stackers! Here we are again with our monthly Magnificent Seven, the summary giving you a hit of what you missed in the ~AGORA territory.

First thing first. let's check our top performing post Ads!

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Top-Performing Ads

This month, the most engaging ones are:

• 01 Bitcoin Magazine Launches V3 Limited Edition Bitcoin Crocs by @RideandSmile, no description, nor images provided. The title speak for the product itself. 31 sats \ 8 comments \ 15 May

• 02 Happy Pizza Day Jerky Offer (10k sats sale 5/22 ONLY) by @beejay, celebrating Bitcoin Pizza Day with a delicious offer for a handmade product. Offer is over but it still available on her online shop and IRL at next Twin Cities Outdoor Agora Market https://stacker.news/items/972209/r/AG 103 sats \ 3 comments \ 22 May

• 03 Lard Tallow lotion by @byzantine, sharing with us one of his preferred online shops that accept sats. Here other two: a Regenerative Farm in TX https://stacker.news/items/983695/r/AG and an artisanal lite roast coffee maker https://stacker.news/items/983668/r/AG 62 sats \ 4 comments \ 20 May

• 04 Bitaxe Gamma 601 for sale by @PictureRoom selling P2P, have you shipped it yet? 121 sats \ 12 comments \ 15 May

• 05 Built An Invisible Book Stage by @kr, he did well creating some expectations for this unique and durable product earlier https://stacker.news/items/903946/r/AG 124 sats \ 4 comments \ 21 May

• 06 "₿lack Market Money" T-Shirts by T&F by @BitcoinErrorLog, that had opened his online store with plenty of incredible products, including an Anti-Surveillance clothing line https://stacker.news/items/994555/r/AG stuff never seen before! 51 sats \ 3 comments \ 24 May

• 07 [SELL] Heatpunk 002 Tee by @thebullishbitcoiner, reviving the second edition of a t-shirt dedicated to home solo miners! 79 sats \ 1 comment \ 28 May

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In case you missed

Here some interesting post, opening conversations and free speech about markets and business on the bitcoin circular economy:

• https://stacker.news/items/992449/r/AG - @Kontext is selling his beloved 2012 Jaguar XF 3.0 V6 Petrol [5M sats], great deal if paid in sats! Have you sold her?
• https://stacker.news/items/987241/r/AG - @RideandSmile shared the Freedom Issue: Letter From the Editor introducing a BM special edition
• https://stacker.news/items/999229/r/AG - @Solomonsatoshi was looking for Green Coffee Beans for DIY home roasting. Will @michaelbinary provide you some?
• https://stacker.news/items/992790/r/AG - @Rayo also introduce the P.A.Z.NIA Radio Network: 52 Hours of Liberation! An interesting livestream for all those interested in freedom.
• https://stacker.news/items/995163/r/AG welcome to @lunin, opening up on SN with Take it step by step and it will work! as part of a promising series: Founder's Thoughts. Here the second post https://stacker.news/items/999867/r/AG Startup according to Mozart

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Hey sellers! Try Auctions

A quick reminder that now you can setup auctions here in the AGORA too! Learn how. The other feature released last month was the introduction of Shopfronts on SN. Check our SN Merch and SN Zine examples. Thank you all! Let's keep these trades coming and grow the P2P Bitcoin circular economy!

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Active Professional Services accepting Bitcoin in the AGORA

Let us know if we miss any, here below the most memorable ones: - https://stacker.news/items/900208/r/AG - @unschooled offering Language Tutoring - https://stacker.news/items/813013/r/AG - @gpvansat's [OFFER][Graphic Design] From the paste editions (It's important to keep these offers available) - https://stacker.news/items/775383/r/AG - @TinstrMedia - Color Grading (Styling) Your Pictures as a Service - https://stacker.news/items/773557/r/AG - @MamaHodl, MATHS TUTOR 50K SATS/hour English global - https://stacker.news/items/684163/r/AG - @BTCLNAT's OFFER HEALTH COUNSELING [5K SAT/ consultation - https://stacker.news/items/689268/r/AG - @mathswithtess [SELL] MATHS TUTOR ONILINE, 90k sats per hour. Global but English only.

Let me know if I'm missing other stackers offering services around here!

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Lost & Found in SN' Wild West Web

Stay with me, we're not done yet! I found plenty of other deals, offers and business related conversations in other territories too...

• BITCOIN... always fucking with my head... by @thecommoner (highly recommended read!)
• The Strange Moral Relativism of "Free Trade" by @Undisciplined (another highly recommended read!)
• What makes society thrive? by @aljaz
• Drop or proxy shipping services that take sats? by @lv99slacker
• Custom Bitcoin Nodes by @anon
• 23 Bitcoin Merch Shops That Sell Shirts For Sats by @hyperfree
• How to create an e-commerce website? by @Bitcoiner1
• Can You Outperform an Apple Tree? by @kr
• B2B Businesses in Bitcoin by @telcobert

Oh boy! Such exciting month! Now our latest weekly appointments:

🏷️ Spending Sunday

(LIVE TODAY) Share your most recent Bitcoin purchases of just check what other stackers are buying with their sats! Today's one open at https://stacker.news/items/1000477/r/AG

All series available here:

🤝 Sellers & Business Club

(UPCOMING EVERY TUESDAY) Here https://stacker.news/items/998773/r/AG wanted to introduce this new series, dedicated to our most active sellers^1. A room to talk about growing business and sales. You will join?

📢 Thursday Talks: What have you sold for Bitcoin this week?

It is losing a bit of momentum, but it will still be opening every week for anyone interested to share sales tips, deals and offers around the Wild West Web! Latest one here https://stacker.news/items/997767/r/AG

Thanks all for reading until here, now... 🫡 Closing remarks as usual. See ya!

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Create your Ads now!

Looking to start something new? Hit one of the links below to free your mind:

• 💬 TOPIC for conversation,
• [⚖️ SELL] anything! or,
• if you're looking for something, hit the [🛒 BUY]!
• [🧑‍💻 HIRE] any bitcoiner skill or stuff from bitcoiners
• [🖇 OFFER] any product or service and stack more sats
• [🧑‍⚖️ AUCTION] to let stackers decide a fair price for your item
• [🤝 SWAP] if you're looking to exchange anything with anything else
• [🆓 FREE] your space, make a gift!
• Start your own [SHOPFRONT] or simply...
• [⭐ REVIEW] any bitcoin product or LN service you recently bought or subscribed to.

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Or contact @AGORA team on nostr DM, and we can help you publish a personalized post.

. #nostr #bitcoin #stuff4sats #sell #buy #plebchain #grownostr #asknostr #market #business

https://stacker.news/items/1000715

@ 41fa852b:af7b7706

"The poison was never forced - it was offered gently, until you forgot it was poison at all." - Mark Twain

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Happy Sunday, folks.

Below is your weekly roundup of events for the coming week.

Added to the event section this week, an exciting new Scottish Bitcoin Conference, happening in August.

Check out all the details below.

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This week's sponsor is…

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Upcoming Bitcoin Meetups

Happening this week…

1. Dundee Bitcoin: Join them on the 2nd Monday of every month from 17:30 to 20:30 PM at The Wine Press, 16 Shore Terrace, Dundee DD1 3DN. This month's meetup is on Monday 9th. 🍻

2. Canterbury Bitcoin: Meeting this month at the The Dolphin Pub in Canterbury at 7 PM on Tuesday the 10th of June. An informal meetup to discuss Bitcoin and chat. 🍺

3. Glasgow Bitcoin: Meetups are held every second Wednesday of the month. This is a place for people in and around Glasgow to discuss Bitcoin. 18:00 - 23:00 at The Piper Bar, G1 1HL. This month on Wednesday 11th. 🍻

4. St Albans: This is a new meetup happening on the second Wednesday of each month. This month, it's from 19:00 to 22:00 on the 11th at the Robin Hood of St Albans, Victoria St, St Albans. 🍻

5. Children of Riddim - Festival - Bitcoin Stage: Children of Riddim Festival is bringing Bitcoin to the big stage from the 12th--16th June in Hemel Hempstead, with 150+ DJs, artists, and speakers. The Barn of Freedom will host Bitcoin talks, music, and Nostr-powered apps. Tickets and donations for the stage can be made via geyser.fund, with camping included. Acts/speakers include Joe Bryan, Metamick, Roger9000, Angor, and more. 🎉🪩

6. Bitcoin Beach Bournemouth: Every second Thursday of the month at Chaplins Cellar Bar. 529 Christchurch Road, Boscombe, United. You'll find them in the Cogg Room at 19:30. This month it's the 12th. 🍺

7. Bury St Edmunds Bitcoin: is reviving the medieval spirit of the Folkmoot, one Bitcoin meetup at a time. Their second gathering takes place this Friday at 17:30 at Edmundo Lounge. They've also just launched a brand new website.

8. Stoke Bitcoin Meetup: The Stoke Bitcoin meetup is back! They will have Bitcoin coffee to taste, delivered by hand directly from the mountains of El Salvador and grown by @lacruzboss in Berlin, El Salvador. 15:00 on Friday 13th. ☕️🍻

9. Bitcoin Walk - Edinburgh: Every Saturday they walk around Arthur's Seat in this historic city. Join them at 12 pm to chat about all things Bitcoin and keep fit. 🚶🏽‍♂️🚶🏼‍♀️🚶🏻

10. Bitcoin East: Join Bitcoin East in Bury St. Edmunds on Sunday 15th, 12:00 at Hopsters Bar, Felixstowe. All welcome, Bitcoiners and anyone else curious about Bitcoin. 🍺

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New Businesses Accepting Bitcoin

This week we have…

• Core Agency: A creative communications firm that blends financial expertise with bold storytelling to help businesses in finance and beyond stand out. Based in the UK, they specialise in strategic planning, brand identity, content production, and public relations, delivering everything from investor-focused media to high-impact digital campaigns. With in-house studios for video, animation, and live streaming, Core offers end-to-end solutions that are both visually compelling and commercially effective. Their mission is to bring clarity, creativity, and confidence to brands navigating complex markets. Whether you're a fintech startup or a global institution, Core helps you communicate with purpose and originality. Now accepting bitcoin payments. 📈

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Upcoming Special Events

These events aren't happening next week, but they're important to add to your calendar now as tickets are selling fast.

The Bitcoin Beach Retreat: An annual Bitcoin-only gathering held at a scenic coastal campsite in North Wales. Celebrating its fifth year in 2025, the retreat offers a relaxed, community-driven alternative to traditional conferences.

From July 11--14, up to 120 Bitcoiners will come together to share knowledge, enjoy beachside BBQs, and strengthen their networks under the stars. With no pre-booked speakers, the event thrives on peer-led workshops and spontaneous discussions, fostering genuine connections among attendees. Emphasising local engagement, the retreat directs the majority of its funds into the surrounding community, with 42% of expenses paid in Bitcoin last year.

Whether attending solo or with family, attendees can expect a welcoming environment dedicated to sound money and shared values.

Scottish Bitcoin Conference: Taking place on August 23, 2025, at the Glasgow University Union, located at 32 University Avenue, Glasgow G12 8LX. From 09:00 to 16:30.

Featuring an impressive roster of speakers, including Anthony Scaramucci, Hashley Giles, Rick Messit, Dr. Peter Connor, Claire Chisholm, Roger9000, John Magill, Ian Scanlon, Robin Thatcher, Jamie Plowman, Robbie Maltby, Russell Rukin, Peter Lane, Francesco Madonna, and Sam Roberts.

Open to all, this conference offers a unique opportunity for Bitcoiners and newcomers alike to connect and learn in the vibrant setting of Glasgow.

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Get Involved

• Volunteer: Passionate about merchant adoption? Reach out to Bridge2Bitcoin on Twitter or website.
• Start a Meetup: Want to launch a Bitcoin meetup? We'll support you. Contact us on Twitter or just reply to this email.
• Contribute to BTCMaps: Help maintain this key Bitcoin resource--no coding skills needed. Update a UK area.
• Telegram: Join our Channel for UK meetup updates
• Feedback: Reply to this email with ideas and suggestions.

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This week's sponsors is…

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Get out and support the meetups where you can, visit Bitcoin Events UK for more info on each meetup and to find your closest on the interactive map.

Stay tuned for more updates next week!

Simon.

@ 4fe14ef2:f51992ec

Let's support Bitcoin merchants! I'd love to hear some of your latest Lightning purchases and interesting products you bought. Feel free to include links to the shops or businesses you bought from.

Who else has a recent purchase they’re excited about? Bonus sats if you found a killer deal! ⚡

If you missed our last thread, here are some of the items stackers recently spent and zap on.

Like and repost: X: https://x.com/AGORA_SN/status/1931657445916766655 N: https://njump.me/note1qqqsgu9pgx2u6yt2dv0c5yedpzrqalaqe3rf3lwxfu4a0w6wemtsy0eyfu

https://stacker.news/items/1000477

@ a19caaa8:88985eaf

↓ジャック（twitter創業者）のツイート　 nostr:nevent1qvzqqqqqqypzpq35r7yzkm4te5460u00jz4djcw0qa90zku7739qn7wj4ralhe4zqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsqg9cdxf7s7kg8kj70a4v5j94urz8kmel03d5a47tr4v6lx9umu3c95072732　

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@ dab6c606:51f507b6

I've been interested for a while in how the business with miles and loyalty points works. I found out that only large corporations can partially do this because of how they can then account for it. And it's tax-wise super advantageous. I also added info about loyalty points and gift cards. The text below was written by various AIs as I was digging into it, it's basically a summary, sharing for those who are interested.

Part I: Loyalty Programs of Large Corporations

Business Logic of Loyalty Programs

Loyalty programs of airlines and hotels are sophisticated business tools that serve several key purposes. They primarily function to increase customer loyalty by creating "switching costs" - customers don't want to lose accumulated points, which reduces the likelihood they'll switch to competitors.

At the same time, they're a significant source of additional revenue. For example, American Airlines earns more from selling miles to banks than on some flight routes. When Citibank buys miles for 1-2 cents per mile, the airline gets immediate revenue, while the real value for the customer can be 3-5 cents when used correctly.

Accounting Treatment of Loyalty Points

From an accounting perspective, loyalty points represent deferred liabilities. When a customer earns points, the company must create a reserve for their future redemption. Points are valued based on expected costs of their redemption, not on nominal value.

The key difference is between cash accounting and accrual accounting: - Cash accounting: Revenue is recognized when payment is received, expenses when paid. - Accrual accounting: Revenue and expenses are recognized when the obligation arises.

For loyalty programs, accrual accounting is critical. When an airline sells miles to a bank for $1,000,000, it simultaneously creates a liability for future costs (say $600,000), so taxable income is only $400,000.

Example: Selling Miles to a Bank

An airline sells 50 million miles to Citibank for $1,000,000: 1. Immediate revenue: $1,000,000 2. Creation of liability: $600,000 (estimated future costs) 3. Taxable income: $400,000 4. Future costs: When customers use miles, the company recognizes the expense and reduces the liability

Positive margin arises from several factors: - Breakage - 15-20% of miles are never redeemed - Time value of money - Money from the bank is invested immediately - Marginal costs - An empty seat has low incremental cost

Tax Optimization and Offshore Structures

Large companies often use international structures to optimize taxes from loyalty programs. A typical structure includes: 1. Parent company (USA/EU) - Operates flights and provides services (e.g., flights or accommodation). 2. IP Holding (Ireland/Netherlands) - Owns intellectual property (IP) for the loyalty program, such as brands, software, and databases. 3. Loyalty Operating Company (Singapore/Dubai) - Manages sale of miles to banks and partners, coordinates the program and communicates with customers.

Business Relationships and Payments Between Entities (example with positive result for Singapore)

These entities are connected by contracts that determine who pays for what and why, to minimize tax burden: - Bank → Singapore (Loyalty Operating Company): The bank (e.g., Citibank) pays $1,000,000 for miles it offers to its clients as rewards for using credit cards. The Singapore company is the main contact point for partners because it's located in a low-tax jurisdiction (17%) with good infrastructure for financial services. - Singapore → Ireland (IP Holding): The Singapore company pays $500,000 as royalties for using IP (brands, software, and data) of the loyalty program. This payment is high to shift profit to Ireland, where the tax rate is even lower (12.5%). This reduces taxable income in Singapore. - Singapore → Parent Company (Airline): The Singapore company pays $300,000 to the parent company for providing services (e.g., flights) when customers use miles. This payment is lower than actual costs to minimize profit in the parent company's country, where the tax rate is higher (e.g., 25-35% in USA or EU). - Profit in Singapore: $1,000,000 (income from bank) - $500,000 (royalties to Ireland) - $300,000 (payment to airline) = $200,000 profit, taxed at 17% in Singapore.

Why Such Distribution?

• Ireland (IP Holding): High royalty payments ($500,000) go to Ireland because the 12.5% tax rate is attractive and Ireland is considered a "serious" jurisdiction that meets international rules (e.g., BEPS). Ireland also has double taxation treaties with many countries, facilitating profit shifting.
• Singapore (Loyalty Operating Company): Mile sales and program coordination occur in Singapore due to favorable tax environment (17%) and strategic location for Asian markets. A small profit ($200,000) is left here to demonstrate "economic substance" - that the company has real activity.
• Parent Company: The $300,000 payment is low to minimize taxable income in a high-tax country (e.g., USA or EU).

Why Not 0% Tax Jurisdiction?

Why not use a zero-tax country (e.g., Cayman Islands)? Due to: - Regulatory scrutiny - Tax authorities closely monitor 0% jurisdictions and may question legitimacy. - BEPS rules - Need to demonstrate "substance" (real offices, employees) in the country. - Credibility test - 12.5% in Ireland or 17% in Singapore looks like legitimate business operation.

The result of such structure is that most profit (60-70%) is taxed at 12.5% in Ireland or 17% in Singapore instead of 25-35% in the airline's home country.

Part II: Loyalty Programs and Alternatives for Small Businesses

Why Loyalty Programs Are Problematic for Small Businesses

Unlike large corporations, small businesses like cafes face a fundamental problem with loyalty programs: cash accounting obligation. In many countries, small firms (under $25M annually) must use cash accounting, which means: - Revenue from selling points is taxed immediately - Costs are deducted only when customers use points (maybe a year later) - Creates tax and cashflow problem - tax is paid on money you'll "lose" in the future

Imagine a cafe that sells loyalty points for €100. It must immediately pay tax (say €21), but deducts coffee costs provided for points only in the future.

Alternative Models for Small Businesses

There are more tax-advantageous alternatives:

1. Gift Cards Model

• Revenue is NOT RECOGNIZED when selling gift card
• Revenue is recognized only when customer uses the card
• Example: Sell gift cards for €10,000 in December, get cash immediately, but pay tax gradually as customers use cards during the following year.
• Time value of money: Money can be invested (e.g., 6% annually = €600 extra profit on €10,000)
• Breakage benefit: 2-10% of cards are never used, after certain time (3-5 years, depending on legislation) you can recognize the balance as pure profit.

Example: Starbucks Starbucks had $1.5 billion in unused gift cards on its books in 2022. Estimated 3% breakage means $45 million pure profit – interest-free loan from customers with bonus that part never returns.

2. Subscription Model

• Monthly revenue = immediate taxation
• Monthly costs = immediate deduction
• Example: €10/month for "premium membership" with certain benefits

3. Discount Coupons

• No revenue when issuing coupon
• Reduced revenue when redeeming (sell at lower price)
• Example: 20% discount coupon = sell coffee for €4 instead of €5

Outsourcing Loyalty Program: Details About Shopify Loyalty

Platforms like Shopify Loyalty represent an elegant solution for small businesses wanting to offer loyalty programs without accounting and tax complications. Let's break this down in detail:

How Shopify Loyalty Works

• Shopify as third party: Shopify owns and manages the entire loyalty program including points and software. The customer has their "account" directly with Shopify, not with the specific store. This means points are not your liability, but Shopify's liability.
• Your role: You (e.g., cafe) pay Shopify a monthly fee (e.g., €29) for using the platform and a small transaction fee (e.g., €0.20) for each point redemption (reward). You're essentially a "service provider" for Shopify – you provide rewards when Shopify sends you an order.
• Earning points: Customer earns points for purchases in stores participating in Shopify Loyalty program. For example, if customer buys coffee for €5 in your cafe, Shopify credits them points (e.g., 5 points per euro, so 25 points). Specific rules (how many points per euro) are set by you through Shopify platform, but technically points are managed by Shopify.
• Using points: Customer can use points for rewards (e.g., free coffee for 100 points), but usually only in stores participating in Shopify network. This means if your cafe uses Shopify Loyalty, points earned with you can be used with you or other stores in Shopify ecosystem, if Shopify allows it. Usually, however, stores set up the program so points are primarily usable with them, increasing loyalty to their brand.
• Point redemption process: When customer wants to use points (e.g., 100 points for free coffee), Shopify sends order to you (cafe) to provide the reward. You give the coffee but don't receive direct payment from customer – it's a marketing cost. You also pay Shopify transaction fee (€0.20). Accounting-wise, it's not a sale, so no taxable income or receipt obligation arises.
• Accounting treatment: When customer uses points:
• No receipt = no taxable income
• Coffee cost (€2) + Shopify fee (€0.20) = €2.20
• Recorded as "Promotional expenses" or "Marketing costs"

Why Must Loyalty Program Be Outsourced to Third Party (like Shopify)?

Small businesses don't have capacity or resources to manage their own loyalty program "in-house" for these reasons: - Tax and accounting complexity: If you managed loyalty program yourself, you'd have to create reserves for future liabilities (points customers will use later), estimate breakage rate (percentage of unused points) and handle cash vs. accrual accounting. For small firms that often must use cash accounting, this means immediate taxation of revenue if selling points, but cost deduction only in the future – creates cashflow mismatch. - Technological infrastructure: Managing points, customer databases and integration with payment systems requires sophisticated software and IT team, which is expensive and complicated for small firms. - Legal separation: When program is managed by third party like Shopify, points are their liability, not yours. For you, this means no future liabilities in your accounting books – just monthly costs (Shopify fee), which are tax-deductible as regular expense. - Economic efficiency: Shopify aggregates thousands of stores, achieving economies of scale – lower costs for software, security and data management. A small cafe could never create such system at reasonable price alone.

Why Can't It Be In-house from Tax Perspective?

If small firm managed loyalty program itself: - Immediate tax problem: If firm sold points (e.g., for money or as part of purchase), revenue would have to be taxed immediately, though costs for providing rewards (e.g., free coffee) could be deducted only when customer uses points. This creates cashflow mismatch because you pay tax before actually "losing" money on reward. - Complex reserves: Would have to estimate how many points will be used and create accounting reserves, which is administratively demanding and requires expensive accountants or software. - Risk of errors: Incorrect breakage rate estimates or poor liability management can lead to tax audits and penalties.

With Shopify, these problems are eliminated – you only pay monthly fee and transaction fees, which are simply recorded as marketing costs. Shopify takes full responsibility for managing points and liabilities to customers.

Case Study: Loyalty Points for Cafe (10 + 1 Free Model)

Let's look at specific case of small cafe offering classic loyalty program type "10 + 1 free". Customer gets 1 point for each coffee purchased (e.g., for €3) and after collecting 10 points gets one free coffee. We'll analyze how this works accounting-wise, whether it's "promotional expense" and what's the difference between in-house management and using Shopify.

How "10 + 1 Free" Program Works

• Earning points: Customer buys coffee for €3 and gets 1 point (e.g., stamp on card or digital record). Points have no monetary value for sale – they're purely reward for purchase.
• Using points: After collecting 10 points (meaning purchases for €30) customer gets free coffee (value €3).
• Real cost for cafe: Cost of producing free coffee is lower than selling price, e.g., €1.50 for materials and labor.

Accounting Treatment (In-house)

If cafe manages program itself (in-house), accounting process depends on whether it uses cash accounting (common for small firms) or accrual accounting: - Cash accounting: - When customer buys coffee: Cafe records €3 revenue for each coffee and issues receipt. Point (stamp) has no monetary value, so it's not recorded as liability or revenue. - When redeeming 10 points: When customer gets free coffee, no revenue arises (€0), but cost for coffee production arises (€1.50). This cost is recorded as "Promotional expense" or "Marketing cost" because it's form of discount or advertising to retain customer. - Tax impact: No revenue when issuing free coffee, €1.50 cost is tax-deductible as regular expense. - Accrual accounting (less common for small firms): - When customer buys coffee: Cafe records €3 revenue but simultaneously creates small liability for future reward (e.g., €0.30 per point, which is estimate of cost for future free coffee divided by 10). So from €3 revenue, taxable income is only €2.70. - When redeeming 10 points: When customer gets free coffee, cafe reduces liability by €3 (10 points x €0.30) and records €1.50 cost for coffee production. Difference can be adjusted as breakage or other profit if estimates differ from reality. - Tax impact: Taxable income is lower already at first purchase, but accounting is more complex due to estimates and reserves.

Is it Promotional Expense? Yes, in both cases (cash and accrual) the cost of free coffee is recorded as "Promotional expense" or "Marketing cost" because it's form of discount to support customer loyalty. It's not considered regular sale because no revenue or receipt arises.

Accounting Treatment (via Shopify Loyalty)

If cafe uses Shopify Loyalty to manage "10 + 1 free" program, process is simpler: - When customer buys coffee: Cafe records €3 revenue for coffee and issues receipt. Shopify credits point to customer's account (it's not your liability, but Shopify's). - When redeeming 10 points: Shopify sends order to issue free coffee. Cafe gives coffee (€1.50 cost) and pays Shopify transaction fee (€0.20). Total cost €1.70 is recorded as "Promotional expense" or "Marketing cost". - Tax impact: Same as in-house, no revenue when issuing free coffee, €1.70 cost is tax-deductible as regular expense. Additionally, you don't have to handle any liabilities or breakage estimates because Shopify manages points.

Difference Between In-house and Shopify

• In-house:
• Advantages: Full control over program, no monthly fees to third party (e.g., €29 Shopify fee).
• Disadvantages: If using accrual accounting, must create reserves and estimate breakage, which is administratively demanding. With cash accounting it's simpler (no liabilities), but if you sold points for money, tax mismatch arises (revenue taxed immediately, cost only later). Additionally, must manage point database yourself (stamps, software), which is time-consuming.
• Shopify Loyalty:
• Advantages: No liabilities in your accounting books, Shopify manages points and technology. Accounting-wise it's simple – just monthly fee (€29) and transaction fees (€0.20) as marketing cost. Don't have to handle estimates or breakage.
• Disadvantages: Pay monthly fees and transaction fees, increasing costs (e.g., €0.20 extra per free coffee). Have less control over program because third party manages it.

Conclusion for Cafe: "10 + 1 free" program is accounting-wise considered Promotional expense in both cases (in-house and Shopify) because free coffee is form of marketing to retain customers. Difference is in administrative burden and costs – Shopify simplifies accounting and management, but at cost of monthly fees. In-house is cheaper but more demanding to manage, especially if you wanted to use accrual accounting or sell points for money.

Conclusion

Loyalty programs are sophisticated customer loyalty tools, but their accounting and tax aspects differ significantly between large and small firms. Large corporations use accrual accounting and international structures for tax optimization, while for small businesses alternative models like gift cards or outsourcing entire program are often more advantageous, eliminating tax and cashflow problems. Gift cards additionally bring immediate cash flow, time value of money and breakage benefit, making them ideal tool for businesses of all sizes. Shopify Loyalty offers small firms way to implement loyalty program without accounting complications because it takes technical and legal responsibility, allowing focus on core business. For simple programs like "10 + 1 free," accounting impact is similar (Promotional expense), but Shopify simplifies management at cost of additional fees.

@ f11e91c5:59a0b04a

!!!2022-07-07に書かれた記事です。

暗号通貨とかでお弁当売ってます 11:30〜14:00ぐらいでやってます

◆住所 木曜日・東京都渋谷区宇田川町41 （アベマタワーの下らへん）

◆お値段

Monacoin 3.9mona

Bitzeny 390zny

Bitcoin 3900sats (#lightningNetwork)

Ethereum 0.0039Ether(#zkSync)

39=thank you. （円を基準にしてません）

最近は週に一回になりました。 他の日はキッチンカーの現場を探したり色々してます。 東京都内で平日ランチ出店出来そうな場所があればぜひご連絡を！

写真はNFCタグです。 スマホにウォレットがあればタッチして3900satsで決済出来ます。 正直こんな怪しい手書きのNFCタグなんて絶対にビットコイナーは触りたくも無いだろうなと思いますが、これでも良いんだぜというメッセージです。

今までbtcpayのposでしたが速度を追求してこれに変更しました。 たまに上手くいかないですがそしたら渋々POS出すので温かい目でよろしくお願いします。

ノードを建てたり決済したりで1年経ちました。 最近も少しずつノードを建てる方が増えてるみたいで本当凄いですねUmbrel 大体の人がルーティングに果敢に挑むのを見つつ 奥さんに土下座しながら費用を捻出する弱小の私は決済の利便性を全開で振り切るしか無いので応援よろしくお願いします。

あえて あえて言うのであれば、ルーティングも楽しいですけど やはり本当の意味での即時決済や相手を選んでチャネルを繋げる楽しさもあるよとお伝えしたいっ！！ 決済を受け入れないと分からない所ですが 承認がいらない時点で画期的です。

QRでもタッチでも金額指定でも入力でも もうやりようには出来てしまうし進化が恐ろしく早いので1番利用の多いpaypayの手数料（事業者側のね）を考えたらビットコイン凄いじゃない！と叫びたくなる。 が、やはり税制面や価格の変動（うちはBTC固定だけども）ウォレットの操作や普及率を考えるとまぁ難しい所もあるんですかね。

それでも継続的に沢山の人が色んな活動をしてるので私も何か出来ることがあれば 今後も奥さんに土下座しながら頑張って行きたいと思います。

(Originally posted 2022-07-07)

I sell bento lunches for cryptocurrency. We’re open roughly 11:30 a.m. – 2:00 p.m. Address Thursdays – 41 Udagawa-chō, Shibuya-ku, Tokyo (around the base of Abema Tower)

Prices Coin Price Note Monacoin 3.9 MONA
Bitzeny 390 ZNY Bitcoin 3,900 sats (Lightning Network)
Ethereum 0.0039 ETH (zkSync) “39” sounds like “thank you” in Japanese. Prices aren’t pegged to yen.

These days I’m open only once a week. On other days I’m out scouting new spots for the kitchen-car. If you know weekday-lunch locations inside Tokyo where I could set up, please let me know!

The photo shows an NFC tag. If your phone has a Lightning wallet, just tap and pay 3,900 sats. I admit this hand-written NFC tag looks shady—any self-respecting Bitcoiner probably wouldn’t want to tap it—but the point is: even this works!

I used to run a BTCPay POS, but I switched to this setup for speed. Sometimes the tap payment fails; if that happens I reluctantly pull out the old POS. Thanks for your patience.

It’s been one year since I spun up a node and started accepting Lightning payments. So many people are now running their own nodes—Umbrel really is amazing. While the big players bravely chase routing fees, I’m a tiny operator scraping together funds while begging my wife for forgiveness, so I’m all-in on maximising payment convenience. Your support means a lot!

If I may add: routing is fun, but instant, trust-minimised payments and the thrill of choosing whom to open channels with are just as exciting. You’ll only understand once you start accepting payments yourself—zero-confirmation settlement really is revolutionary.

QR codes, NFC taps, fixed amounts, manual entry… the possibilities keep multiplying, and the pace of innovation is scary fast. When I compare it to the merchant fees on Japan’s most-used service, PayPay, I want to shout: “Bitcoin is incredible!” Sure, taxes, price volatility (my shop is BTC-denominated, though), wallet UX, and adoption hurdles are still pain points.

Even so, lots of people keep building cool stuff, so I’ll keep doing what I can—still on my knees to my wife, but moving forward!

@ dab6c606:51f507b6

Dlhšie som sa zaujímal o to ako funguje biznis s míľami, vernostnými bodmi. Zistil som, že to čiastočne môžu robiť iba veľké korporácie kvôli tomu ako to môžu potom zaúčtovať. A je to daňovo super výhodné. Pridal som aj info o vernostných bodoch a darčekových kartách. Text nižšie napísali rôzne AI ako som sa v tom vŕtal, to je v zásade sumár, zdieľam pre tých, ktorých to zaujíma.

Časť I: Vernostné programy veľkých korporácií

Obchodná logika vernostných programov

Vernostné programy leteckých spoločností a hotelov sú sofistikované obchodné nástroje, ktoré slúžia niekoľkým kľúčovým účelom. Primárne fungujú na zvýšenie zákazníckej lojality vytvorením "switching costs" - zákazníci nechcú prísť o nazbierané body, čo znižuje pravdepodobnosť, že prejdú ku konkurencii.

Zároveň sú významným zdrojom dodatočných príjmov. Napríklad American Airlines zarába viac na predaji míľ bankám ako na niektorých leteckých linkách. Keď Citibank kupuje míle za 1-2 centy za míľu, aerolínia získava okamžitý príjem, zatiaľ čo reálna hodnota pre zákazníka môže byť 3-5 centov pri správnom využití.

Účtovné spracovanie vernostných bodov

Z účtovného hľadiska predstavujú vernostné body odložené záväzky. Keď zákazník získa body, spoločnosť musí vytvoriť rezervu na ich budúce uplatnenie. Body sa oceňujú na základe predpokladaných nákladov na ich uplatnenie, nie na základe nominálnej hodnoty.

Kľúčový je rozdiel medzi cash accounting a accrual accounting: - Cash accounting: Príjmy sa uznávajú pri prijatí platby, náklady pri zaplatení. - Accrual accounting: Príjmy a náklady sa uznávajú v momente vzniku záväzku.

Pre vernostné programy je accrual accounting kritické. Keď aerolínia predá míle banke za $1,000,000, vytvorí zároveň záväzok na budúce náklady (povedzme $600,000), takže zdaniteľný príjem je len $400,000.

Príklad: Predaj míľ banke

Aerolínia predá 50 miliónov míľ Citibank za $1,000,000: 1. Okamžitý príjem: $1,000,000 2. Vytvorenie záväzku: $600,000 (odhadované budúce náklady) 3. Zdaniteľný príjem: $400,000 4. Budúce náklady: Keď zákazníci míle využijú, spoločnosť uzná náklad a zníži záväzok

Pozitívna marža vzniká z niekoľkých faktorov: - Breakage - 15-20% míľ sa nikdy neuplatní - Časová hodnota peňazí - Peniaze od banky investuje okamžite - Marginálne náklady - Prázdne sedadlo má nízky prírastok nákladu

Daňová optimalizácia a offshore štruktúry

Veľké spoločnosti často využívajú medzinárodné štruktúry na optimalizáciu daní z vernostných programov. Typická štruktúra zahŕňa: 1. Materská spoločnosť (USA/EU) - Prevádzkuje lety a poskytuje služby (napr. lety alebo ubytovanie). 2. IP Holding (Írsko/Holandsko) - Vlastní duševné vlastníctvo (IP) k loyalty programu, ako sú značky, softvér a databázy. 3. Loyalty Operating Company (Singapur/Dubaj) - Spravuje predaj míľ bankám a partnerom, koordinuje program a komunikuje so zákazníkmi.

Obchodné vzťahy a platby medzi entitami (príklad s pozitívnym výsledkom pre Singapur)

Tieto entity sú prepojené zmluvami, ktoré určujú, kto za čo platí a prečo, aby sa minimalizovala daňová záťaž: - Banka → Singapur (Loyalty Operating Company): Banka (napr. Citibank) platí $1,000,000 za míle, ktoré ponúka svojim klientom ako odmenu za používanie kreditných kariet. Singapurská spoločnosť je hlavný kontaktný bod pre partnerov, pretože je umiestnená v jurisdikcii s nízkou daňou (17 %) a dobrou infraštruktúrou pre finančné služby. - Singapur → Írsko (IP Holding): Singapurská spoločnosť platí $500,000 ako royalty za použitie IP (značky, softvéru a dát) loyalty programu. Táto platba je vysoká, aby sa presunul zisk do Írska, kde je daňová sadzba ešte nižšia (12,5 %). Tým sa znižuje zdaniteľný príjem v Singapure. - Singapur → Materská spoločnosť (Aerolínia): Singapurská spoločnosť platí $300,000 materskej spoločnosti za poskytnutie služieb (napr. letov), keď zákazníci využijú míle. Táto platba je nižšia ako reálne náklady, aby sa minimalizoval zisk v krajine materskej spoločnosti, kde je daňová sadzba vyššia (napr. 25-35 % v USA alebo EU). - Zisk v Singapure: $1,000,000 (príjem od banky) - $500,000 (royalty do Írska) - $300,000 (platba aerolínii) = $200,000 zisku, ktorý je zdanený pri 17 % v Singapure.

Prečo takéto rozdelenie?

• Írsko (IP Holding): Vysoké royalty platby ($500,000) idú do Írska, pretože daňová sadzba 12,5 % je atraktívna a Írsko je považované za "serióznu" jurisdikciu, ktorá spĺňa medzinárodné pravidlá (napr. BEPS). Zároveň má Írsko zmluvy o zamedzení dvojitého zdanenia s mnohými krajinami, čo uľahčuje presun zisku.
• Singapur (Loyalty Operating Company): Predaj míľ a koordinácia programu prebieha v Singapure kvôli priaznivému daňovému prostrediu (17 %) a strategickej polohe pre ázijské trhy. Zároveň sa tu zanecháva malý zisk ($200,000), aby sa preukázala "ekonomická substance" – teda, že spoločnosť má reálnu činnosť.
• Materská spoločnosť: Platba $300,000 je nízka, aby sa minimalizoval zdaniteľný príjem v krajine s vysokou daňovou sadzbou (napr. USA alebo EU).

Prečo nie 0 % daňová jurisdikcia?

Prečo sa nepoužíva krajina s nulovou daňou (napr. Kajmanské ostrovy)? Kvôli: - Regulatory scrutiny - Daňové úrady pozorne sledujú 0 % jurisdikcie a môžu spochybniť legitímnosť. - BEPS pravidlám - Potreba preukázať "substance" (reálne kancelárie, zamestnancov) v krajine. - Credibility testu - 12,5 % v Írsku alebo 17 % v Singapure vyzerá ako legitímna obchodná operácia.

Výsledkom takejto štruktúry je, že väčšina zisku (60-70 %) je zdanená pri 12,5 % v Írsku alebo 17 % v Singapure namiesto 25-35 % v domovskej krajine aerolínky.

Časť II: Loyalty programy a alternatívy pre malé biznisy

Prečo je loyalty program problematický pre malé biznisy

Na rozdiel od veľkých korporácií, malé biznisy ako kaviarne narážajú pri vernostných programoch na zásadný problém: cash accounting povinnosť. V mnohých krajinách musia malé firmy (pod $25M ročne) používať cash accounting, čo znamená: - Príjem z predaja bodov sa zdaní okamžite - Náklady sa odpočítajú až keď zákazník body využije (možno o rok) - Vzniká daňový a cashflow problém - daň sa platí z peňazí, ktoré "stratíte" v budúcnosti

Predstavte si kaviareň, ktorá predá vernostné body za €100. Okamžite musí zaplatiť daň (povedzme €21), ale náklady na kávu poskytnutú za body odpočíta až v budúcnosti.

Alternatívne modely pre malé biznisy

Existujú daňovo výhodnejšie alternatívy:

1. Gift Cards model

• Príjem sa NEUZNÁ pri predaji gift karty
• Príjem sa uzná až keď zákazník kartu využije
• Príklad: Predáte gift cards za €10,000 v decembri, získate cash okamžite, ale daň platíte postupne, ako zákazníci karty využívajú počas nasledujúceho roka.
• Časová hodnota peňazí: Peniaze môžete investovať (napr. 6 % ročne = €600 extra zisk na €10,000)
• Breakage benefit: 2-10 % kariet sa nikdy nevyužije, po určitom čase (3-5 rokov, podľa legislatívy) môžete zostatok uznať ako čistý zisk.

Príklad: Starbucks Starbucks mal v roku 2022 na účtoch $1,5 miliardy v nevyužitých gift cards. Odhadovaný breakage 3 % znamená $45 miliónov čistého zisku – bezúročná pôžička od zákazníkov s bonusom, že časť sa nikdy nevráti.

2. Subscription model

• Mesačný príjem = okamžité zdanenie
• Mesačné náklady = okamžitý odpočet
• Príklad: €10/mesiac za "premium membership" s určitými benefitmi

3. Discount Coupons

• Žiadny príjem pri vydaní kupónu
• Znížený príjem pri uplatnení (predáte za nižšiu cenu)
• Príklad: 20 % zľavový kupón = predaj kávy za €4 namiesto €5

Outsourcing loyalty programu: Podrobnosti o Shopify Loyalty

Platformy ako Shopify Loyalty predstavujú elegantné riešenie pre malé biznisy, ktoré chcú ponúkať vernostné programy bez účtovných a daňových komplikácií. Poďme si to rozobrať podrobne:

Ako funguje Shopify Loyalty

• Shopify ako tretia strana: Shopify vlastní a spravuje celý vernostný program vrátane bodov a softvéru. Zákazník má svoj "účet" priamo u Shopify, nie u konkrétneho obchodu. To znamená, že body nie sú vaším záväzkom, ale záväzkom Shopify.
• Vaša úloha: Vy (napr. kaviareň) platíte Shopify mesačný poplatok (napr. €29) za používanie platformy a malý transakčný poplatok (napr. €0,20) za každé uplatnenie bodov (reward). Vy ste v podstate "dodávateľom služieb" pre Shopify – poskytujete odmeny, keď vám Shopify pošle objednávku.
• Získavanie bodov: Zákazník získava body za nákupy v obchodoch, ktoré sú zapojené do Shopify Loyalty programu. Napríklad, ak zákazník nakúpi kávu za €5 vo vašej kaviarni, Shopify mu pripíše body (napr. 5 bodov za každé euro, teda 25 bodov). Konkrétne pravidlá (koľko bodov za euro) si nastavujete vy cez Shopify platformu, ale technicky body spravuje Shopify.
• Využitie bodov: Zákazník môže body využiť na odmeny (napr. kávu zadarmo za 100 bodov), ale zvyčajne len v obchodoch zapojených do Shopify siete. To znamená, že ak vaša kaviareň používa Shopify Loyalty, body získané u vás môžu byť využité u vás alebo v iných obchodoch v rámci Shopify ekosystému, ak to Shopify umožňuje. Väčšinou však obchody nastavujú program tak, aby boli body využiteľné primárne u nich, čím sa zvyšuje lojalita k ich značke.
• Proces uplatnenia bodov: Keď zákazník chce využiť body (napr. 100 bodov za kávu zadarmo), Shopify pošle objednávku vám (kaviarni) na poskytnutie odmeny. Vy kávu vydáte, ale nedostanete za ňu priamy príjem od zákazníka – ide o marketingový náklad. Zároveň platíte Shopify transakčný poplatok (€0,20). Účtovne to nie je predaj, takže nevzniká zdaniteľný príjem ani povinnosť vystaviť bloček.
• Účtovné spracovanie: Keď zákazník využije body:
• Žiadny bloček = žiadny zdaniteľný príjem
• Náklad kávy (€2) + Shopify fee (€0,20) = €2,20
• Účtuje sa ako "Promotional expenses" alebo "Marketing costs"

Prečo musí byť loyalty program outsourcovaný tretej strane (ako Shopify)?

Malé biznisy nemajú kapacitu ani zdroje na správu vlastného loyalty programu "in-house" z týchto dôvodov: - Daňová a účtovná komplexnosť: Ak by ste spravovali loyalty program sami, museli by ste vytvárať rezervy na budúce záväzky (body, ktoré zákazníci využijú neskôr), odhadovať breakage rate (percento nevyužitých bodov) a riešiť cash vs. accrual accounting. Pre malé firmy, ktoré často musia používať cash accounting, to znamená okamžité zdanenie príjmu, ak by body predávali, ale odpočet nákladov až v budúcnosti – vzniká cashflow nesúlad. - Technologická infraštruktúra: Správa bodov, databáz zákazníkov a integrácia s platobnými systémami vyžaduje sofistikovaný softvér a IT tím, čo je pre malé firmy nákladné a komplikované. - Legálna separácia: Keď program spravuje tretia strana ako Shopify, body sú ich záväzkom, nie vaším. Pre vás to znamená, že nemáte žiadne budúce záväzky vo svojej účtovnej knihe – len mesačné náklady (poplatok Shopify), ktoré sú daňovo odpočítateľné ako bežný výdavok. - Ekonomická efektivita: Shopify združuje tisíce obchodov, čím dosahuje ekonomiku rozsahu – nižšie náklady na softvér, bezpečnosť a správu dát. Malá kaviareň by sama nikdy nedokázala vytvoriť takýto systém za rozumnú cenu.

Prečo to nemôže byť in-house z daňového hľadiska?

Ak by malá firma spravovala loyalty program sama: - Okamžitý daňový problém: Ak by firma predávala body (napr. za peniaze alebo ako súčasť nákupu), príjem by musela zdaniť hneď, hoci náklady na poskytnutie odmien (napr. káva zadarmo) by mohla odpočítať až v momente, keď zákazník body využije. To vytvára cashflow nesúlad, pretože daň platíte skôr, než reálne "stratíte" peniaze na odmenu. - Zložité rezervy: Musela by odhadovať, koľko bodov sa využije, a vytvárať účtovné rezervy, čo je administratívne náročné a vyžaduje drahých účtovníkov alebo softvér. - Riziko chýb: Nesprávne odhady breakage rate alebo zlý manažment záväzkov môžu viesť k daňovým kontrolám a pokutám.

S Shopify sa tieto problémy eliminujú – vy platíte len mesačný poplatok a transakčné fees, ktoré sú jednoducho účtované ako marketingové náklady. Shopify preberá celú zodpovednosť za správu bodov a záväzkov voči zákazníkom.

Prípadová štúdia: Vernostné body pre kaviareň (model 10 + 1 zadarmo)

Pozrime sa na konkrétny prípad malej kaviarne, ktorá ponúka klasický vernostný program typu "10 + 1 zadarmo". Zákazník dostane 1 bod za každú kúpenú kávu (napr. za €3) a po nazbieraní 10 bodov dostane jednu kávu zadarmo. Rozoberieme, ako to funguje účtovne, či ide o "promotional expense" a aký je rozdiel medzi in-house správou a použitím Shopify.

Ako funguje program "10 + 1 zadarmo"

• Získavanie bodov: Zákazník kúpi kávu za €3 a dostane 1 bod (napr. pečiatku na kartičku alebo digitálny záznam). Body nemajú peňažnú hodnotu na predaj – sú čisto odmenou za nákup.
• Využitie bodov: Po nazbieraní 10 bodov (čo znamená nákupy za €30) zákazník dostane kávu zadarmo (hodnota €3).
• Reálny náklad pre kaviareň: Náklad na výrobu kávy zadarmo je nižší ako predajná cena, napr. €1,50 za suroviny a prácu.

Účtovné spracovanie (In-house)

Ak kaviareň spravuje program sama (in-house), účtovný proces závisí od toho, či používa cash accounting (bežné pre malé firmy) alebo accrual accounting: - Cash accounting: - Pri nákupe kávy zákazníkom: Kaviareň účtuje príjem €3 za každú kávu a vydá bloček. Bod (pečiatka) nemá peňažnú hodnotu, takže sa neúčtuje ako záväzok ani príjem. - Pri uplatnení 10 bodov: Keď zákazník dostane kávu zadarmo, nevzniká príjem (€0), ale vzniká náklad na výrobu kávy (€1,50). Tento náklad sa účtuje ako "Promotional expense" alebo "Marketing cost", pretože ide o formu zľavy alebo reklamy na udržanie zákazníka. - Daňový dopad: Žiadny príjem pri vydaní kávy zadarmo, náklad €1,50 je daňovo odpočítateľný ako bežný výdavok. - Accrual accounting (menej bežné pre malé firmy): - Pri nákupe kávy zákazníkom: Kaviareň účtuje príjem €3, ale zároveň vytvára malý záväzok na budúcu odmenu (napr. €0,30 za každý bod, čo je odhad nákladu na budúcu kávu zadarmo deleno 10). Teda z €3 príjmu je zdaniteľný príjem len €2,70. - Pri uplatnení 10 bodov: Keď zákazník dostane kávu zadarmo, kaviareň zníži záväzok o €3 (10 bodov x €0,30) a účtuje náklad €1,50 na výrobu kávy. Rozdiel môže byť upravený ako breakage alebo iný zisk, ak sa odhady líšia od reality. - Daňový dopad: Zdaniteľný príjem je nižší už pri prvom nákupe, ale účtovníctvo je zložitejšie kvôli odhadom a rezervám.

Je to Promotional Expense? Áno, v oboch prípadoch (cash aj accrual) sa náklad na kávu zadarmo účtuje ako "Promotional expense" alebo "Marketing cost", pretože ide o formu zľavy na podporu lojality zákazníkov. Nie je to považované za bežný predaj, pretože nevzniká príjem ani bloček.

Účtovné spracovanie (cez Shopify Loyalty)

Ak kaviareň používa Shopify Loyalty na správu programu "10 + 1 zadarmo", proces je jednoduchší: - Pri nákupe kávy zákazníkom: Kaviareň účtuje príjem €3 za kávu a vydá bloček. Shopify pripíše bod zákazníkovi do jeho účtu (nie je to váš záväzok, ale Shopify). - Pri uplatnení 10 bodov: Shopify pošle objednávku na vydanie kávy zadarmo. Kaviareň vydá kávu (náklad €1,50) a zaplatí Shopify transakčný poplatok (€0,20). Celkový náklad €1,70 sa účtuje ako "Promotional expense" alebo "Marketing cost". - Daňový dopad: Rovnako ako pri in-house, žiadny príjem pri vydaní kávy zadarmo, náklad €1,70 je daňovo odpočítateľný ako bežný výdavok. Navyše nemusíte riešiť žiadne záväzky alebo odhady breakage, pretože body spravuje Shopify.

Rozdiel medzi In-house a Shopify

• In-house:
• Výhody: Plná kontrola nad programom, žiadne mesačné poplatky tretej strane (napr. €29 Shopify fee).
• Nevýhody: Ak použijete accrual accounting, musíte vytvárať rezervy a odhadovať breakage, čo je administratívne náročné. Pri cash accounting je to jednoduchšie (žiadne záväzky), ale ak by ste body predávali za peniaze, vzniká daňový nesúlad (príjem zdanený hneď, náklad až neskôr). Navyše musíte sami spravovať databázu bodov (pečiatky, softvér), čo je časovo náročné.
• Shopify Loyalty:
• Výhody: Žiadne záväzky vo vašej účtovnej knihe, Shopify spravuje body a technológiu. Účtovne je to jednoduché – len mesačný poplatok (€29) a transakčné poplatky (€0,20) ako marketingový náklad. Nemusíte riešiť odhady ani breakage.
• Nevýhody: Platíte mesačné poplatky a transakčné fees, čo zvyšuje náklady (napr. €0,20 navyše za každú kávu zadarmo). Máte menšiu kontrolu nad programom, pretože ho spravuje tretia strana.

Záver pre kaviareň: Program "10 + 1 zadarmo" je účtovne považovaný za Promotional expense v oboch prípadoch (in-house aj Shopify), pretože káva zadarmo je forma marketingu na udržanie zákazníkov. Rozdiel je v administratívnej záťaži a nákladoch – Shopify zjednodušuje účtovníctvo a správu, ale za cenu mesačných poplatkov. In-house je lacnejšie, ale náročnejšie na správu, najmä ak by ste chceli používať accrual accounting alebo predávať body za peniaze.

Záver

Vernostné programy sú sofistikovaný nástroj zákazníckej lojality, ale ich účtovné a daňové aspekty sa výrazne líšia medzi veľkými a malými firmami. Veľké korporácie využívajú accrual accounting a medzinárodné štruktúry na optimalizáciu daní, zatiaľ čo pre malé biznisy sú často výhodnejšie alternatívne modely ako gift cards alebo outsourcing celého programu, ktoré eliminujú daňové a cashflow problémy. Gift cards navyše prinášajú okamžitý cash flow, časovú hodnotu peňazí a breakage benefit, čo z nich robí ideálny nástroj pre podniky všetkých veľkostí. Shopify Loyalty ponúka malým firmám spôsob, ako implementovať vernostný program bez účtovných komplikácií, pretože preberá technickú a právnu zodpovednosť, čím umožňuje sústrediť sa na core biznis. Pre jednoduché programy ako "10 + 1 zadarmo" je účtovný dopad podobný (Promotional expense), ale Shopify zjednodušuje správu za cenu dodatočných poplatkov.

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@ 86dfbe73:628cef55

Das Private ist immer nur privat in Bezug zu einem bestimmten oder unbestimmten Gegenüber. Heutzutage steht man vielen Privatheiten und vielen Öffentlichkeiten gegenüber. Was privat ist, bemisst sich an der jeweiligen Relation, in der es als privat festgelegt wurde. Die “Privatsphäre”, die üblicherweise gemeint wird, ist jene Sphäre, die der Staat als privat zu respektieren hat, über deren Grenze er sich also nur in seltenen und jeweils zu begründenden Einzelfällen hinwegsetzen darf.

In anderen Beziehungen hingegen gibt es andere “Privatheiten” — dem Arbeitgeber gegenüber etwa, den Kollegen, ehemaligen Schulfreunden, dem Ehepartner, den Eltern oder Kinder. In all diesen Beziehungen gibt es “ausgeschlossene” Bereiche, die das Private meinen. Die Privatsphäre ist dabei die Sphäre über deren Geheimhaltung man gegenüber dem anderen Partner der Beziehung frei verfügen kann, denn Privatsphäre ist die Möglichkeit, sich der Welt selektiv zu offenbaren.

Wenn nicht reflektiert wird, dass es weitgehend eine veränderte Gesellschaft ist, die sich konstituiert, eine Gesellschaft, die mit der vorherigen nichts aber auch gar nichts mehr gemein hat, weil sich der Begriff des “Privaten” verändert, ausdifferenziert, verschiebt, zerfasert — wird der Privatsphärenschutz nicht zu gewährleisten sein.

Das Problem ist, dass „privat und „öffentlich“ alleine nicht funktionieren. Zwischen Privat und Öffentlich gehört – abgeleitet aus dem Begriff des „Social Web“ das Soziale. Und zwischen scheinbar einheitlicher privater „Identität“ und öffentlicher „Person“ gehört ein Bündel an Socialities.

Schon vor dem Netz zersplitterte der moderne, flexible und mobile Mensch in ein Bündel von (nicht: Identitäten sondern) Socialitäten. Das heißt in ein Bündel von Verhaltensweisen, die mehr oder minder bewusst in Beziehung zu bestimmten anderen Socii eingenommen werden. Es ist eine rein kommunikative Größe. Die Socialität eines Arbeitnehmers deckt sich nicht mit der Sozialität des Ehegatten, Vaters usw.

In jeder dieser Beziehungen ist eine andere, zumeist bewusst zu lernende Sozialität vonnöten. Selbst gegenüber Vorgesetzten, gleichrangigen Kollegen und Untergebenen sind mindestens dreierlei Socialitäten am Werke. Denn diese Socialität ist nicht einfach die soziologische „Rolle“, die ein Pluriversum von angenommenen Identitäten unterstellt. Sondern sie ist Ergebnis einer Kommunikationsbeziehung.

Online-Socialitäten

Das Private ist kein kohärente Sphäre, sondern wird durch die Socialität erschaffen. Es ist das, was in der Socialität nicht vorkommt – oder die Qualität der Socialität entscheidend verändert – etwa wenn eine Beziehung zu einer Kollegin/einem Kollegen beginnt (die in der Socialität der Ehegatten wiederum vermutlich nichts zu suchen hat …), sich eine Exfreundin als neue Kundin vorstellt, ein ehemaliger Schulkamerad Chef wird usw. Was „das Private“ ist, lässt sich nicht fassen.

Bei Facebook beispielsweise connectet sich der User mit Familienangehörigen, Freunden, vielleicht ehemaligen Schulfreunden, Kollegen, ggf. Vorgesetzen – und mit Geschäftspartnern oder Kunden. Das heißt: Ein großes Socialitätenbündel vereinigt sich.

Das kann zu größeren Problemen führen, denn die Socialität etwa des Geschäftspartners stellt andere Anforderungen als der ehemalige Klassenkamerad. Die Socialität des Kollegen stellt andere Anforderungen als die der Geschwister.

Die Bündelungsmöglichkeiten durch Personensuchen stellt vor eine ganz andere Herausforderung. Das Multiversum der Socialitäten, das unter verschiedenen Pseudonymen oder doch zumindest auf verschiedenen Plattformen ausgetragen wurde – wird nun plötzlich in ein „Image“ zusammengeführt, das natürlich vorne und hinten inkongruent ist, weil kein gemeinsamer „Kern“, keine einfache „Identität“ vorhanden ist.

Streetview und die Socialität

Schon jetzt nutzen Auskunfteien wie SchuFa oder Creditreform die Wohngegend um Kreditwürdigkeiten zu berechnen. Schon jetzt klassifizieren die Telefonrechner in Callcentern die „Wertigkeit“ eines eingehenden Anrufs per Telefonnummer nach Wohnlage.

Das macht in dieser Socialität "Versicherung-Kunde" einen gewaltigen Unterschied. Und der Kunde hat keinerlei Macht über die Informationen, die der anderen Seite der Socialität verfügbar sind. Die Entscheidung, dass etwas privat sei, zieht nach sich, dass ich es aus einer Socialität exkludiere. „Privat“ bedeutet vor allem „Verzeihung, das ist mir zu privat, darüber gebe ich keine Auskunft“. Und derlei Privatheiten gibt es zu viele – was privat ist, bestimmt die Socialität. Privatsphäre gegenüber dem Kollegen ist eine andere als gegenüber der Vorgesetzten, als gegenüber dem Kunden, als gegenüber dem ehemaligen Schulfreund.

Wie damit umgehen? Das Netz verlassen oder eine eigene „Netzsocialität“ erschaffen, die von vornherein eine inszenierte Kunstfigur ist? Nichts von alledem ist hilfreich. Deswegen kann die Lösung nur aus einer gesamtgesellschaftlichen Debatte rund um die Socialitäten kommen. Und muss sich fragen: Wie soll das Netz sein und funktionieren? Wer soll was einsehen können?

@ cae03c48:2a7d6671

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

@ ec42c765:328c0600

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@ 318ebaba:9a262eae

When connecting to multiple relays in the Nostr protocol, users may encounter several challenges that can affect their overall experience. Here are some of the key issues:

Challenges of Connecting to Multiple Relays

• Performance Issues: The lightweight design of Nostr relays can lead to performance bottlenecks, especially when many users are connected simultaneously. This can result in slow message delivery or even failures in posting messages if the relays are overwhelmed[1][2][32].

• Reliability and Connectivity: Users may experience connectivity problems with certain relays, which can lead to inconsistent access to messages or delays in communication. If a relay goes offline or has connectivity issues, it can disrupt the flow of information, making it difficult for users to send or receive messages reliably[3][4][18].

• Data Synchronization: As users connect to multiple relays, ensuring that data is synchronized across these relays can be challenging. Inconsistent data states may arise if different relays store messages differently or if there are delays in message propagation. This can lead to confusion about which messages have been sent or received[7][41].

• Configuration Complexity: Managing connections to multiple relays requires a certain level of technical knowledge. Users need to configure their clients properly to connect to various relays, which can be daunting for those less familiar with the technology. Misconfigurations can lead to connection failures or suboptimal performance[4][21].

• Spam and Quality Control: With the open nature of Nostr, some relays may be more susceptible to spam or low-quality content. Users connecting to multiple relays might encounter a higher volume of irrelevant or unwanted messages, which can detract from the overall user experience[6][32].

• Security Concerns: When using multiple relays, users must be cautious about the security of their connections. Not all relays may implement the same level of security, and connecting to less secure relays could expose users to risks such as data interception or unauthorized access to their messages[26][27].

In summary, while connecting to multiple relays in Nostr offers benefits such as redundancy and improved access to information, users must navigate various challenges related to performance, reliability, configuration, and security. Addressing these issues is crucial for a smooth and effective experience on the Nostr network.

[1] https://forum.dfinity.org/t/introducing-replicatr-enhancing-nostr-with-internet-computer-integration/31861 [2] https://medium.com/coinmonks/a-deep-dive-into-nostr-clients-with-technical-insights-and-code-snippets-b1666bb11fac [3] nostr:nevent1qqsfvjvg73wxdn7mda28m704r2zv9lnzlcdgh8r0g52lfvy2wj7uw4czyq32rylmsmre84lhxdypy6jlu4dt3fxfwkq9a0p0lqdl9y8hsp0hur4fuw4 [4] https://www.reddit.com/r/nostr/comments/1e6nm68/new_nostream_relay_created_problems_with_publish/ [5] https://www.lynalden.com/the-power-of-nostr/ [6] https://bitcoinmagazine.com/technical/how-nostr-can-improve-bitcoin-privacy [7] https://barelybuggy.blog/2024/11/26/mostr-offline/ [8] https://github.com/scsibug/nostr-rs-relay/issues/126 [9] https://community.umbrel.com/t/nostr-relay-troubleshooting/17828 [10] https://research.dorahacks.io/2024/04/30/nostr-relay-incentive/ [11] https://community.start9.com/t/issue-confirming-nostr-relay/1682 [12] https://arxiv.org/html/2402.05709v1 [13] https://community.umbrel.com/t/nostr-relay-not-connecting/11401 [14] https://www.purplerelay.com/troubleshooting-common-issues-with-nostr-relay-server-a-users-guide/ [15] https://news.ycombinator.com/item?id=35694029 [16] https://substack.com/home/post/p-158872714?utm_campaign=post&utm_medium=web [17] https://stacker.news/items/142013 [18] https://www.reddit.com/r/nostr/comments/1h6admk/are_these_relays_working/ [19] https://news.ycombinator.com/item?id=33746360 [20] https://github.com/scsibug/nostr-rs-relay/issues/195 [21] https://www.purplerelay.com/how-to-run-a-nostr-relay-a-step-by-step-guide/ [22] https://denostr.medium.com/the-future-of-social-communication-nostrs-origins-and-the-next-destination-in-social-networking-27f0c901d7ae [23] nostr:nevent1qqsqwklh29cvf3z0skhh77xyqf3m53xkppcttf3c8nuc2jqteulfx0czyqcgr7epv9hha2v9afp99l5wl0ljna0zum59fzyhl9v8pgv5xlhf5ava642 [24] https://www.reddit.com/r/nostr/comments/15fyr6r/pervasive_private_key_sharing_seems_dangerous/ [25] https://whtwnd.com/agoracitizen.network/3l2fysaripd2q [26] https://ron.stoner.com/nostr_Security_and_Privacy/ [27] https://forums.puri.sm/t/about-what-is-nostr/20764 [28] https://github.com/nostr-protocol/nips/issues/107 [29] https://medium.com/@volodymyrpavlyshyn/security-features-of-nostr-a0276a22e815 [30] nostr:nevent1qqspd8fh3tplxtfhjpka3y3glzh63v3ygsdhacyq8dvyrnxtvl09lpczyr2v7dprke9lad2qk0svug55vxguqv7n3dwn9vm63u8n5n84znxjxedjf6c [31] nostr:nevent1qqs8e2su6n8m2xtg45qdjw7rdcq6w3g5guvt085h52qhg25wxn755sczyrh26kg89z95jqaz4xkex7kaw2t36twtc75vmrfx2k3p3jqvhfa8vzan82f [32] https://www.cointribune.com/en/nostr-et-la-censure-pourquoi-un-reseau-social-decentralise-est-essentiel-2/ [33] nostr:nevent1qqsv86d756zcw32x0zcvqmr924y5sltvwqud0dywny83ndee30zzrmczyrh26kg89z95jqaz4xkex7kaw2t36twtc75vmrfx2k3p3jqvhfa8vwpfv29 [34] https://github.com/nbd-wtf/nostr-tools/issues [35] https://www.voltage.cloud/blog/the-growth-of-nostr-the-era-of-decentralization [36] https://medium.com/@BingVentures/status-quo-challenges-and-prospect-of-decentralized-social-networks-18f9584f2e8d [37] https://www.reddit.com/r/RedditAlternatives/comments/14s8ao4/greetings_im_here_to_tell_you_about_nostr_a/ [38] https://bitcoinmagazine.com/culture/nostr-the-importance-of-censorship-resistant-communication-for-innovation-and-human-progress- [39] https://github.com/mayneyao/eidos/issues/129 [40] https://www.reddit.com/r/nostr/comments/115a8et/data_duplication_and_distribution_in_nostr_relays/ [41] https://github.com/open-nostr/nostar [42] nostr:nevent1qqsryg8zuc9rdwldat385al24mdt56wanc6g6hfymy8l9tgtmzsc4nspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg85cx73 [43] https://ckbcn.xlog.app/Nostr-sheng-tai-fa-zhan-xian-zhuang-ji-wen-ti?locale=en [44] nostr:naddr1qqc92mnvda3kk6twvuk5ummnw3ez6ued2phhgetww35kzmpdwa5hg6pdfehhgetyv43kktt08p5hscnkqgsr7acdvhf6we9fch94qwhpy0nza36e3tgrtkpku25ppuu80f69kfqrqsqqqa28aknkml

@ 9ca447d2:fbf5a36d

Wall Street is warming up to Bitcoin and getting closer and closer to it.

Cantor Fitzgerald, one of the oldest and most respected investment banks on Wall Street, has launched a $2 billion bitcoin-backed lending program.

They’ve reportedly already done their first deals, lending to two big digital asset companies: FalconX and Maple Finance.

This is a big step in connecting traditional finance to the fast-moving world of Bitcoin.

Cantor’s new service allows big investors, hedge funds and asset managers, to borrow money using bitcoin as collateral.

This is a game changer for institutions that hold bitcoin, as they can now access liquidity without having to sell their assets.

“Institutions holding bitcoin are looking to broaden their access to diverse funding sources,” said Christian Wall, co-CEO and global head of fixed income at Cantor Fitzgerald.

“And we are excited to support their liquidity needs to help them drive long term growth and success.”

The loans are not speculative or unsecured.

They are structured like traditional finance deals, backed by the borrower’s bitcoin. This reduces the risk for Cantor while giving bitcoin-holding companies new ways to grow and operate.

The first recipients of Cantor’s lending program are FalconX, a digital asset brokerage, and Maple Finance, a blockchain-based lending platform.

FalconX confirmed they secured a credit facility of over $100 million. Maple Finance also received the first tranche of their loan from Cantor.

This comes at a time when the bitcoin lending space is recovering after a tough period. Several big firms went under in 2022 and investor confidence was shaken.

Now with traditional finance on board, bitcoin-backed lending has returned. According to Galaxy Research the total size of the digital asset lending market grew to $36.5 billion in Q4 2024.

Cantor’s move into bitcoin-backed lending isn’t new. They announced their plans in July 2024 and have been building their presence in the Bitcoin space since then.

Earlier this year, they partnered with Tether, SoftBank and Bitfinex to launch Twenty One Capital, a $3.6 billion fund to buy over 42,000 bitcoin.

In May 2025 Cantor Equity Partners merged with Twenty One Capital and bought nearly $459 million worth of bitcoin.

They also own around $1.9 billion in shares of Strategy, a company that holds a lot of bitcoin. Clearly Cantor believes in bitcoin as a long-term asset.

Cantor is also a big player in the stablecoin space.

They manage U.S. Treasury reserves for Tether, the company behind the $142 billion USDT stablecoin. This adds another layer of trust and credibility to Cantor’s digital asset involvement.

To secure the bitcoin used as collateral, Cantor has partnered with digital asset custodians Anchorage Digital and Copper.co.

These companies are known for their robust security and institutional-grade infrastructure. Cantor hasn’t disclosed loan terms or interest rates but confirmed the lending will follow current regulations.

This also shows how traditional financial players are embracing DeFi.

Maple Finance for example allows undercollateralized lending using blockchain. By backing companies like Maple, Cantor is innovating while still having control and compliance.

For years, bitcoin-backed loans were only available through digital-asset-native companies like Genesis, BlockFi, and Ledn.

These loans were mostly for smaller clients and retail investors. But with Cantor’s entry, the scale and professionalism of bitcoin lending are expanding.

@ 866e0139:6a9334e5

Autor: John J. Mearsheimer. Dieser Beitrag wurde mit dem Pareto-Client geschrieben und erschien zuerst auf dem Blog des Autors. Sie finden alle Texte der Friedenstaube und weitere Texte zum Thema Frieden hier.**

Die neuesten Pareto-Artikel finden Sie in unserem Telegram-Kanal.

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

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Die Frage, wer für den Krieg in der Ukraine verantwortlich ist, ist seit dem Einmarsch Russlands in die Ukraine am 24. Februar 2022 ein sehr umstrittenes Thema.Die Antwort auf diese Frage ist von enormer Bedeutung, denn der Krieg war aus verschiedenen Gründen eine Katastrophe, von denen die wichtigste darin besteht, dass die Ukraine praktisch zerstört wurde. Sie hat einen beträchtlichen Teil ihres Territoriums verloren und wird wahrscheinlich noch mehr verlieren, ihre Wirtschaft liegt in Trümmern, eine riesige Zahl von Ukrainern wurde intern vertrieben oder ist aus dem Land geflohen, und sie hat Hunderttausende von Opfern zu beklagen. Natürlich hat auch Russland einen hohen Blutzoll gezahlt. Auf strategischer Ebene sind die Beziehungen zwischen Russland und Europa, ganz zu schweigen von Russland und der Ukraine, auf absehbare Zeit vergiftet, was bedeutet, dass die Gefahr eines größeren Krieges in Europa auch dann noch bestehen wird, wenn der Krieg in der Ukraine zu einem eingefrorenen Konflikt wird. Wer die Verantwortung für diese Katastrophe trägt, ist eine Frage, die nicht so schnell verschwinden wird, sondern eher noch an Bedeutung gewinnen dürfte, je mehr Menschen das Ausmaß der Katastrophe bewusst wird.

Die gängige Meinung im Westen ist, dass Wladimir Putin für den Krieg in der Ukraine verantwortlich sei. Die Invasion habe darauf abgezielt, die gesamte Ukraine zu erobern und sie zu einem Teil eines größeren Russlands zu machen, so die Argumentation. Sobald dieses Ziel erreicht sei, würden die Russen ein Imperium in Osteuropa errichten, ähnlich wie es die Sowjetunion nach dem Zweiten Weltkrieg getan habe. Daher stelle Putin letztlich eine Bedrohung für den Westen dar, der man mit aller Macht begegnen müsse. Kurz gesagt, Putin ist ein Imperialist mit einem Masterplan, der sich nahtlos in die reiche russische Tradition einfügt.

Das alternative Argument, mit dem ich mich identifiziere und das im Westen eindeutig in der Minderheit ist, lautet, dass die Vereinigten Staaten und ihre Verbündeten den Krieg provoziert haben. Damit soll natürlich nicht geleugnet werden, dass Russland in die Ukraine einmarschiert ist und den Krieg begonnen hat. Die Hauptursache des Konflikts ist jedoch der NATO-Beschluss, die Ukraine in das Bündnis aufzunehmen, was praktisch alle russischen Führer als existenzielle Bedrohung ansehen, die beseitigt werden muss. Die NATO-Erweiterung ist jedoch Teil einer umfassenderen Strategie, die darauf abzielt, die Ukraine zu einem westlichen Bollwerk an Russlands Grenze zu machen. Ein Beitritt Kiews zur Europäischen Union (EU) und die Förderung einer farbigen Revolution in der Ukraine – die Umwandlung des Landes in eine prowestliche liberale Demokratie – sind die beiden anderen Säulen dieser Politik. Die russische Führung fürchtet alle drei Bereiche, aber am meisten fürchtet sie die NATO-Erweiterung. Um dieser Bedrohung zu begegnen, hat Russland am 24. Februar 2022 einen Präventivkrieg begonnen.

Die Debatte darüber, wer den Ukraine-Krieg verursacht hat, ist kürzlich aufgeflammt, als zwei prominente westliche Politiker – der ehemalige US-Präsident Donald Trump und der prominente britische Abgeordnete Nigel Farage – das Argument vorbrachten, dass die NATO-Erweiterung die treibende Kraft hinter dem Konflikt sei. Es überrascht nicht, dass ihre Äußerungen von den Verfechtern der konventionellen Meinung mit einem heftigen Gegenangriff beantwortet wurden. Es ist auch erwähnenswert, dass der scheidende NATO-Generalsekretär Jens Stoltenberg im vergangenen Jahr zweimal sagte, dass „Präsident Putin diesen Krieg begonnen hat, weil er die Tür der NATO schließen und der Ukraine das Recht verweigern wollte, ihren eigenen Weg zu wählen“. Kaum jemand im Westen hat dieses bemerkenswerte Eingeständnis des NATO-Chefs in Frage gestellt, und er hat es auch nicht zurückgezogen.

Mein Ziel ist es, einen Überblick über die wichtigsten Punkte zu geben, die die Ansicht stützen, dass Putin nicht in die Ukraine einmarschiert ist, weil er ein Imperialist ist, der die Ukraine zu einem Teil eines größeren Russlands machen will, sondern vor allem wegen der NATO-Erweiterung und der Bemühungen des Westens, die Ukraine zu einer westlichen Hochburg an der Grenze Russlands zu machen.

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DIE FRIEDENSTAUBE FLIEGT AUCH IN IHR POSTFACH!

In Kürze folgt eine Mail an alle Genossenschafter, danke für die Geduld und das Verständnis!

Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt, vorerst für alle kostenfrei, wir starten gänzlich ohne Paywall. (Die Bezahlabos fangen erst zu laufen an, wenn ein Monetarisierungskonzept für die Inhalte steht). Sie wollen der Genossenschaft beitreten oder uns unterstützen? Mehr Infos hier oder am Ende des Textes.

Lassen Sie mich mit den sieben wichtigsten Gründen für die Ablehnung der herkömmlichen Meinung beginnen.

ERSTENS gibt es schlicht und ergreifend keine Beweise aus der Zeit vor dem 24. Februar 2022, dass Putin die Ukraine erobern und in Russland eingliedern wollte. Vertreter der gängigen Meinung können keine Schriftstücke oder Aussagen von Putin nennen, die darauf hindeuten, dass er die Ukraine erobern wollte.

Wenn man sie zu diesem Punkt befragt, liefern die Verfechter der konventionellen Meinung Hinweise, die wenig oder gar nichts mit Putins Motiven für die Invasion der Ukraine zu tun haben. Einige betonen zum Beispiel, dass er sagte, die Ukraine sei ein „künstlicher Staat“ oder kein „echter Staat“. Solche undurchsichtigen Äußerungen sagen jedoch nichts über die Gründe für seinen Kriegseintritt aus. Dasselbe gilt für Putins Aussage, er betrachte Russen und Ukrainer als „ein Volk“ mit einer gemeinsamen Geschichte. Andere weisen darauf hin, dass er den Zusammenbruch der Sowjetunion als „die größte geopolitische Katastrophe des Jahrhunderts“ bezeichnete. Aber Putin sagte auch: „Wer die Sowjetunion nicht vermisst, hat kein Herz. Wer sie zurückhaben will, hat kein Hirn.“ Andere wiederum verweisen auf eine Rede, in der er erklärte: „Die moderne Ukraine wurde vollständig von Russland geschaffen, genauer gesagt, vom bolschewistischen, kommunistischen Russland.“ Aber das ist kaum ein Beweis dafür, dass er an der Eroberung der Ukraine interessiert war. Außerdem sagte er in der gleichen Rede: „Natürlich können wir die Ereignisse der Vergangenheit nicht ändern, aber wir müssen sie zumindest offen und ehrlich zugeben.“

Um zu beweisen, dass Putin die gesamte Ukraine erobern und Russland einverleiben wollte, muss man nachweisen, dass er 1) dieses Ziel für erstrebenswert hielt, 2) es für machbar hielt und 3) die Absicht hatte, dieses Ziel zu verfolgen. Es gibt in den öffentlichen Aufzeichnungen keine Beweise dafür, dass Putin erwog, geschweige denn beabsichtigte, die Ukraine als unabhängigen Staat zu beenden und sie zu einem Teil Großrusslands zu machen, als er am 24. Februar 2022 seine Truppen in die Ukraine schickte.

Tatsächlich gibt es erhebliche Beweise dafür, dass Putin die Ukraine als unabhängiges Land anerkannte. In seinem bekannten Artikel vom 12. Juli 2021 über die russisch-ukrainischen Beziehungen, der von Befürwortern der konventionellen Meinung oft als Beweis für seine imperialen Ambitionen angeführt wird, sagt er dem ukrainischen Volk: „Ihr wollt einen eigenen Staat gründen: Ihr seid willkommen!“ Zur Frage, wie Russland die Ukraine behandeln sollte, schreibt er: „Es gibt nur eine Antwort: mit Respekt.“ Er schließt seinen langen Artikel mit den folgenden Worten ab: „Und wie die Ukraine aussehen wird – das müssen ihre Bürger entscheiden.“ Diese Aussagen stehen im direkten Widerspruch zu der Behauptung, Putin wolle die Ukraine in ein größeres Russland eingliedern.

In demselben Artikel vom 12. Juli 2021 und erneut in einer wichtigen Rede am 21. Februar 2022 betonte Putin, dass Russland „die neue geopolitische Realität, die nach der Auflösung der UdSSR entstanden ist“, akzeptiere. Diesen Punkt wiederholte er ein drittes Mal am 24. Februar 2022, als er ankündigte, Russland werde in die Ukraine einmarschieren. Insbesondere erklärte er: „Wir haben nicht vor, ukrainisches Territorium zu besetzen“, und machte deutlich, dass er die ukrainische Souveränität respektiere, allerdings nur bis zu einem gewissen Punkt: „Russland kann sich nicht sicher fühlen, sich nicht entwickeln und nicht existieren, wenn es sich einer ständigen Bedrohung durch das Territorium der heutigen Ukraine ausgesetzt sieht.“ Das heißt, Putin war nicht daran interessiert, die Ukraine zu einem Teil Russlands zu machen, sondern er wollte sicherstellen, dass sie nicht zu einem „Sprungbrett“ für westliche Aggressionen gegen Russland wird.

ZWEITENS gibt es keinerlei Hinweise dafür, dass Putin eine Marionettenregierung für die Ukraine vorbereitete, in Kiew prorussische Führungspersönlichkeiten aufbaute oder irgendwelche politischen Maßnahmen verfolgte, die eine Besetzung des gesamten Landes und dessen letztendliche Eingliederung in Russland ermöglichen würden.

Diese Fakten widersprechen der Behauptung, Putin sei daran interessiert gewesen, die Ukraine von der Landkarte zu tilgen. 

**DRITTENS: Putin hatte nicht annähernd genug Truppen, um die Ukraine zu erobern. **

Beginnen wir mit den Gesamtzahlen. Ich schätze seit langem, dass die Russen mit höchstens 190.000 Soldaten in die Ukraine einmarschiert sind. General Oleksandr Syrskyi, der derzeitige Oberbefehlshaber der ukrainischen Streitkräfte, sagte kürzlich in einem Interview mit The Guardian, dass die russische Invasionstruppe nur 100.000 Mann stark war. The Guardian hatte diese Zahl bereits vor Beginn des Krieges genannt. Es ist unmöglich, dass eine Truppe von 100.000 oder 190.000 Mann die gesamte Ukraine erobern, besetzen und in ein Großrussland eingliedern könnte.

Bedenken Sie, dass die Wehrmacht beim deutschen Überfall auf die westliche Hälfte Polens im September 1939 etwa 1,5 Millionen Mann zählte. Die Ukraine ist geografisch mehr als dreimal so groß wie die westliche Hälfte Polens im Jahr 1939, und in der Ukraine leben im Jahr 2022 fast doppelt so viele Menschen wie in Polen zum Zeitpunkt des deutschen Überfalls. Wenn wir die Schätzung von General Syrskyi akzeptieren, dass 100.000 russische Truppen im Jahr 2022 in die Ukraine einmarschierten, bedeutet dies, dass Russland über eine Invasionsstreitmacht verfügte, die 1/15 der Größe der deutschen Streitkräfte war, die in Polen einmarschierten. Und diese kleine russische Armee marschierte in ein Land ein, das sowohl territorial als auch von der Bevölkerungszahl her viel größer war als Polen.

Abgesehen von den Zahlen stellt sich die Frage nach der Qualität der russischen Armee. Zunächst einmal handelte es sich um eine militärische Streitkraft, die in erster Linie dazu bestimmt war, Russland vor einer Invasion zu schützen. Es handelte sich nicht um eine Armee, die für eine Großoffensive zur Eroberung der gesamten Ukraine, geschweige denn zur Bedrohung des übrigen Europas, gerüstet war. Außerdem ließ die Qualität der Kampftruppen zu wünschen übrig, da die Russen nicht mit einem Krieg rechneten, als sich die Krise im Frühjahr 2021 zuzuspitzen begann. Daher hatten sie kaum Gelegenheit, eine qualifizierte Invasionstruppe auszubilden. Sowohl qualitativ als auch quantitativ war die russische Invasionstruppe nicht annähernd mit der deutschen Wehrmacht der späten 1930er und frühen 1940er Jahre vergleichbar.

Man könnte argumentieren, dass die russische Führung dachte, das ukrainische Militär sei so klein und so unterlegen, dass ihre Armee die ukrainischen Streitkräfte leicht besiegen und das ganze Land erobern könnte. Tatsächlich wussten Putin und seine Leutnants sehr wohl, dass die Vereinigten Staaten und ihre europäischen Verbündeten das ukrainische Militär seit Ausbruch der Krise am 22. Februar 2014 bewaffnet und ausgebildet hatten. Die große Befürchtung Moskaus war, dass die Ukraine de facto Mitglied der NATO werden würde. Außerdem beobachteten die russischen Führer, wie die ukrainische Armee, die größer war als ihre Invasionstruppen, zwischen 2014 und 2022 im Donbass erfolgreich kämpfte. Ihnen war sicherlich klar, dass das ukrainische Militär kein Papiertiger war, der schnell und entschlossen besiegt werden konnte, zumal es über eine starke Rückendeckung durch den Westen verfügte.

Schließlich waren die Russen im Laufe des Jahres 2022 gezwungen, ihre Armee aus der Oblast Charkiw und aus dem westlichen Teil der Oblast Cherson abzuziehen. Damit gab Moskau Gebiete auf, die seine Armee in den ersten Tagen des Krieges erobert hatte. Es steht außer Frage, dass der Druck der ukrainischen Armee eine Rolle dabei spielte, den russischen Rückzug zu erzwingen. Vor allem aber erkannten Putin und seine Generäle, dass sie nicht über genügend Kräfte verfügten, um das gesamte Gebiet, das ihre Armee in Charkiw und Cherson erobert hatte, zu halten. Also zogen sie sich zurück und schufen besser kontrollierbare Verteidigungspositionen. Dies ist kaum das Verhalten, das man von einer Armee erwarten würde, die aufgebaut und ausgebildet wurde, um die gesamte Ukraine zu erobern und zu besetzen. Tatsächlich war sie für diesen Zweck nicht konzipiert und konnte daher diese Herkulesaufgabe nicht bewältigen.

VIERTENS: In den Monaten vor Kriegsbeginn versuchte Putin, eine diplomatische Lösung für die sich anbahnende Krise zu finden.

Am 17. Dezember 2021 sandte Putin ein Schreiben an Präsident Joe Biden und NATO-Chef Stoltenberg, in dem er eine Lösung der Krise auf der Grundlage einer schriftlichen Garantie vorschlug, dass: 1) die Ukraine der NATO nicht beitreten würde, 2) keine Angriffswaffen in der Nähe der russischen Grenzen stationiert würden und 3) die seit 1997 nach Osteuropa verlegten NATO-Truppen und -Ausrüstung nach Westeuropa zurückverlegt würden. Was auch immer man von der Machbarkeit einer Einigung auf der Grundlage von Putins Eröffnungsforderungen halten mag, über die die Vereinigten Staaten keine Verhandlungen führen wollten, es zeigt, dass er versuchte, einen Krieg zu vermeiden.

FÜNFTENS: Unmittelbar nach Beginn des Krieges hat Russland der Ukraine die Hand gereicht, um Verhandlungen zur Beendigung des Krieges und zur Ausarbeitung eines Modus Vivendi zwischen den beiden Ländern aufzunehmen.

Die Verhandlungen zwischen Kiew und Moskau begannen in Weißrussland nur vier Tage nach dem Einmarsch russischer Truppen in die Ukraine. Diese weißrussische Schiene wurde schließlich durch eine israelische und eine Istanbuler Schiene ersetzt. Alle verfügbaren Beweise deuten darauf hin, dass Russland ernsthaft verhandelte und nicht an der Übernahme ukrainischen Territoriums interessiert war, mit Ausnahme der Krim, die es 2014 annektiert hatte, und möglicherweise des Donbass. Die Verhandlungen endeten, als die Ukrainer auf Drängen Großbritanniens und der Vereinigten Staaten die Verhandlungen abbrachen, die zum Zeitpunkt ihrer Beendigung gute Fortschritte gemacht hatten.

Darüber hinaus berichtet Putin, dass er, als die Verhandlungen stattfanden und Fortschritte machten, gebeten wurde, als Geste des guten Willens die russischen Truppen aus dem Gebiet um Kiew abzuziehen, was er am 29. März 2022 tat. Keine westliche Regierung und kein ehemaliger Politiker hat diese Behauptung Putins angefochten, die in direktem Widerspruch zu seiner Behauptung steht, er wolle die gesamte Ukraine erobern.

SECHSTENS: Abgesehen von der Ukraine gibt es nicht den geringsten Hinweis darauf, dass Putin die Eroberung anderer osteuropäischer Länder ins Auge gefasst hat.

Außerdem ist die russische Armee nicht einmal groß genug, um die gesamte Ukraine zu überrennen, ganz zu schweigen von dem Versuch, die baltischen Staaten, Polen und Rumänien zu erobern. Außerdem sind alle diese Länder NATO-Mitglieder, was mit ziemlicher Sicherheit einen Krieg mit den Vereinigten Staaten und ihren Verbündeten bedeuten würde.

**SIEBTENS: Kaum jemand im Westen behauptete, Putin habe imperiale Ambitionen, seit er im Jahr 2000 die Macht übernahm, bis zum Beginn der Ukraine-Krise am 22. Februar 2014. Zu diesem Zeitpunkt wurde er plötzlich zum imperialen Aggressor. Warum? Weil die westlichen Staats- und Regierungschefs einen Grund brauchten, ihm die Schuld für die Krise zu geben. **

Der wohl beste Beweis dafür, dass Putin in den ersten vierzehn Jahren seiner Amtszeit nicht als ernsthafte Bedrohung angesehen wurde, ist die Tatsache, dass er auf dem NATO-Gipfel im April 2008 in Bukarest ein geladener Gast war, auf dem das Bündnis bekannt gab, dass die Ukraine und Georgien schließlich Mitglieder werden würden. Putin war natürlich erzürnd über diese Entscheidung und machte seinem Unmut Luft. Sein Widerstand gegen diese Ankündigung hatte jedoch kaum Auswirkungen auf Washington, da das russische Militär als zu schwach eingeschätzt wurde, um eine weitere NATO-Erweiterung zu verhindern, so wie es auch bei den Erweiterungswellen von 1999 und 2004 zu schwach gewesen war, um sie aufzuhalten. Der Westen glaubte, er könne Russland die NATO-Erweiterung noch einmal aufzwingen.

Außerdem war die NATO-Erweiterung vor dem 22. Februar 2014 nicht darauf ausgerichtet, Russland einzudämmen. Angesichts des traurigen Zustands der russischen Militärmacht war Moskau nicht in der Lage, die Ukraine zu erobern, geschweige denn eine revanchistische Politik in Osteuropa zu verfolgen. Der ehemalige US-Botschafter in Moskau, Michael McFaul, der ein entschiedener Verfechter der Ukraine und scharfer Kritiker Putins ist, stellt bezeichnenderweise fest, dass die Einnahme der Krim durch Russland im Jahr 2014 vor Ausbruch der Krise nicht geplant war; es war eine impulsive Reaktion auf den Putsch, der den prorussischen Führer der Ukraine stürzte. Kurz gesagt, die NATO-Erweiterung war nicht dazu gedacht, eine russische Bedrohung einzudämmen, weil der Westen nicht glaubte, dass es eine solche gab.

Erst als im Februar 2014 die Ukraine-Krise ausbrach, begannen die Vereinigten Staaten und ihre Verbündeten plötzlich, Putin als gefährlichen Führer mit imperialen Ambitionen und Russland als ernsthafte militärische Bedrohung zu beschreiben, die die NATO eindämmen müsse. Dieser abrupte Wechsel der Rhetorik sollte einem wesentlichen Zweck dienen: dem Westen die Möglichkeit zu geben, Putin für die Krise verantwortlich zu machen und den Westen von der Verantwortung freizusprechen. Es überrascht nicht, dass diese Darstellung Putins nach dem Einmarsch Russlands in die Ukraine am 24. Februar 2022 deutlich an Zugkraft gewann.

Eine Abweichung von der gängigen Meinung ist erwähnenswert. Einige argumentieren, dass die Entscheidung Moskaus, in die Ukraine einzumarschieren, wenig mit Putin selbst zu tun hat und stattdessen Teil einer expansionistischen Tradition ist, die lange vor Putin bestand und tief in der russischen Gesellschaft verwurzelt ist. Dieser Hang zur Aggression, der angeblich von inneren Kräften und nicht von Russlands äußerem Bedrohungsumfeld angetrieben wird, hat im Laufe der Zeit praktisch alle russischen Führer dazu gebracht, sich ihren Nachbarn gegenüber gewalttätig zu verhalten. Es lässt sich nicht leugnen, dass Putin in dieser Geschichte das Sagen hat oder dass er Russland in den Krieg geführt hat, aber es heißt, dass er wenig Einfluss hat. Fast jeder andere russische Führer hätte genauso gehandelt.

Es gibt zwei Probleme mit diesem Argument. Erstens ist es nicht widerlegbar, da der langjährige Charakterzug in der russischen Gesellschaft, der diesen aggressiven Impuls hervorrufe, nie identifiziert wurde. Es heißt, die Russen seien schon immer aggressiv gewesen – egal, wer an der Macht sei – und würden es auch immer sein. Es ist fast so, als ob es in ihrer DNA läge. Die gleiche Behauptung wurde einst über die Deutschen aufgestellt, die im zwanzigsten Jahrhundert oft als angeborene Aggressoren dargestellt wurden. Derartige Argumente werden in der akademischen Welt aus gutem Grund nicht ernst genommen.

Außerdem bezeichnete zwischen 1991 und 2014, als die Ukraine-Krise ausbrach, kaum jemand in den Vereinigten Staaten oder Westeuropa Russland als von Natur aus aggressiv. Außerhalb Polens und der baltischen Staaten wurde die Angst vor russischer Aggression in diesen 24 Jahren nicht häufig geäußert, was man erwarten würde, wenn die Russen zu Aggressionen veranlagt wären. Es scheint klar, dass das plötzliche Auftauchen dieser Argumentation eine bequeme Ausrede war, um Russland die Schuld für den Ukrainekrieg zu geben.  

***

Lassen Sie mich einen anderen Gang einlegen und die DREI HAUPTGRÜNDE darlegen, die dafür sprechen, dass die NATO-Erweiterung die Hauptursache für den Ukraine-Krieg war.

**ERSTENS sagten russische Führer aller Art vor Kriegsbeginn wiederholt, dass sie die NATO-Erweiterung in die Ukraine als eine existenzielle Bedrohung betrachten, die beseitigt werden muss. **

Putin hat diese Argumentation bereits vor dem 24. Februar 2022 mehrfach öffentlich dargelegt. In einer Rede vor dem Vorstand des Verteidigungsministeriums am 21. Dezember 2021 erklärte er: „Was sie in der Ukraine tun oder versuchen oder planen, findet nicht Tausende von Kilometern entfernt von unserer Landesgrenze statt. Es geschieht direkt vor unserer Haustür. Sie müssen verstehen, dass wir uns einfach nirgendwo mehr hin zurückziehen können. Glauben sie wirklich, dass wir diese Bedrohungen nicht wahrnehmen? Oder glauben sie, dass wir tatenlos zusehen werden, wie Bedrohungen für Russland entstehen?“ Zwei Monate später, auf einer Pressekonferenz am 22. Februar 2022, nur wenige Tage vor Kriegsbeginn, sagte Putin: „Wir sind kategorisch gegen einen NATO-Beitritt der Ukraine, weil dies eine Bedrohung für uns darstellt, und wir haben Argumente, die dies unterstützen. Ich habe in diesem Saal wiederholt darüber gesprochen.“ Dann machte er deutlich, dass er begreift, dass die Ukraine ein Defacto-Mitglied der NATO werde. Die Vereinigten Staaten und ihre Verbündeten, sagte er, „pumpen die derzeitigen Kiewer Machthaber weiterhin mit modernen Waffentypen voll“. Er fuhr fort, dass Moskau, wenn dies nicht gestoppt werde, „mit einem bis an die Zähne bewaffneten 'Antirussland' dastehen würde. Das ist völlig inakzeptabel.“

Auch andere führende russische Politiker - darunter der Verteidigungsminister, der Außenminister, der stellvertretende Außenminister und der russische Botschafter in Washington - betonten die zentrale Bedeutung der NATO-Erweiterung als Auslöser der Ukraine-Krise. Außenminister Sergej Lawrow brachte es auf einer Pressekonferenz am 14. Januar 2022 auf den Punkt: „Der Schlüssel zu allem ist die Garantie, dass die NATO nicht nach Osten expandieren wird.“

Man hört oft das Argument, die russischen Befürchtungen seien unbegründet, weil es keine Chance gebe, dass die Ukraine dem Bündnis in absehbarer Zukunft beitreten würde, wenn überhaupt. Tatsächlich wird behauptet, die Vereinigten Staaten und ihre europäischen Verbündeten hätten der Aufnahme der Ukraine in die NATO vor dem Krieg wenig Aufmerksamkeit geschenkt. Aber selbst wenn die Ukraine dem Bündnis beitreten würde, wäre dies keine existenzielle Bedrohung für Russland, da die NATO ein Verteidigungsbündnis ist. Daher kann die NATO-Erweiterung weder eine Ursache der ursprünglichen Krise gewesen sein, die im Februar 2014 ausbrach, noch des Krieges, der im Februar 2022 begann. 

Diese Argumentation ist falsch. Tatsächlich bestand die westliche Reaktion auf die Ereignisse von 2014 darin, die bestehende Strategie zu verdoppeln und die Ukraine noch näher an die NATO heranzuführen. Das Bündnis begann 2014 mit der Ausbildung des ukrainischen Militärs und bildete in den folgenden acht Jahren durchschnittlich 10.000 Soldaten pro Jahr aus. Im Dezember 2017 beschloss die Trump-Regierung, Kiew mit „Verteidigungswaffen“ zu versorgen. Andere NATO-Länder zogen bald nach und lieferten noch mehr Waffen an die Ukraine. Darüber hinaus begannen die ukrainische Armee, Marine und Luftwaffe, an gemeinsamen Militärübungen mit NATO-Streitkräften teilzunehmen. Die Bemühungen des Westens, das ukrainische Militär zu bewaffnen und auszubilden, erklären zu einem großen Teil, warum es im ersten Kriegsjahr so ​​gut gegen die russische Armee abschnitt. Eine Schlagzeile im Wall Street Journal vom April 2022 lautete: „Das Geheimnis des militärischen Erfolgs der Ukraine: Jahrelange NATO-Ausbildung.“ 

Abgesehen von den laufenden Bemühungen des Bündnisses, das ukrainische Militär zu einer schlagkräftigeren Kampftruppe zu machen, die an der Seite der NATO-Truppen operieren kann, gab es im Westen im Laufe des Jahres 2021 eine neue Begeisterung für die Aufnahme der Ukraine in die NATO. Gleichzeitig vollzog Präsident Zelensky, der nie viel Enthusiasmus für eine Aufnahme der Ukraine in das Bündnis gezeigt hatte und im März 2019 auf der Grundlage einer Plattform gewählt wurde, die zur Zusammenarbeit mit Russland bei der Beilegung der anhaltenden Krise aufrief, Anfang 2021 einen Kurswechsel und befürwortete nicht nur die NATO-Mitgliedschaft der Ukraine, sondern vertrat auch eine harte Linie gegenüber Moskau.

Präsident Biden, der im Januar 2021 ins Weiße Haus einzog, hatte sich seit langem für die Aufnahme der Ukraine in die NATO eingesetzt und war ein Superfalke gegenüber Russland. Es überrascht nicht, dass die NATO am 14. Juni 2021 auf ihrem jährlichen Gipfel in Brüssel ein Kommuniqué herausgab, in dem es hieß: „Wir bekräftigen den auf dem Gipfel von Bukarest 2008 gefassten Beschluss, dass die Ukraine Mitglied des Bündnisses wird.“ Am 1. September 2021 besuchte Zelensky das Weiße Haus, wo Biden klarstellte, dass die Vereinigten Staaten „fest entschlossen“ seien, „die euro-atlantischen Bestrebungen der Ukraine zu unterstützen“. Am 10. November 2021 unterzeichneten Außenminister Antony Blinken und sein ukrainischer Amtskollege Dmytro Kuleba ein wichtiges Dokument - die „Charta der strategischen Partnerschaft zwischen den USA und der Ukraine“. Das Ziel beider Parteien, so heißt es in dem Dokument, ist es, „das Engagement für die Durchführung tiefgreifender und umfassender Reformen in der Ukraine zu unterstreichen, die für eine vollständige Integration in die europäischen und euro-atlantischen Institutionen erforderlich sind.“ Es bekräftigt auch ausdrücklich das Engagement der USA für die „Bukarester Gipfelerklärung von 2008“.

Es scheint kaum Zweifel daran zu geben, dass die Ukraine auf dem besten Weg war, bis Ende 2021 Mitglied der NATO zu werden. Dennoch argumentieren einige Befürworter dieser Politik, dass sich Moskau keine Sorgen über dieses Ergebnis hätte machen müssen, denn „die NATO ist ein Verteidigungsbündnis und stellt keine Bedrohung für Russland dar“. Aber das ist nicht die Meinung Putins und anderer russischer Politiker über die NATO, und es kommt darauf an, was sie denken. Kurz gesagt, es steht außer Frage, dass Moskau den Beitritt der Ukraine zur NATO als eine existenzielle Bedrohung ansah, die nicht hingenommen werden durfte.

ZWEITENS erkannte eine beträchtliche Anzahl einflussreicher und hoch angesehener Persönlichkeiten im Westen vor dem Krieg, dass die Expansion der NATO – insbesondere in die Ukraine – von der russischen Führung als tödliche Bedrohung angesehen werden und schließlich zur Katastrophe führen würde.

William Burns, der heute die CIA leitet („heute“ leitet John Ratcliffe die CIA, aktualisieren ODER am Anfang des Textes klarstellen, dass er schon älter ist ODER „heute“ streichen und „leitete“ statt „leitet“), aber zum Zeitpunkt des NATO-Gipfels in Bukarest im April 2008 US-Botschafter in Moskau war, verfasste ein Memo an die damalige Außenministerin Condoleezza Rice, in dem er die russischen Überlegungen zur Aufnahme der Ukraine in die Allianz prägnant beschreibt. „Der Beitritt der Ukraine zur NATO“, so schrieb er, „ist für die russische Elite (nicht nur für Putin) die klarste aller roten Linien. In den mehr als zweieinhalb Jahren, in denen ich Gespräche mit den wichtigsten russischen Akteuren geführt habe, von Scharfmachern in den dunklen Nischen des Kremls bis hin zu Putins schärfsten liberalen Kritikern, habe ich noch niemanden gefunden, der die Aufnahme der Ukraine in die NATO als etwas anderes betrachtet als eine direkte Herausforderung für die russischen Interessen.“ Die NATO, so sagte er, „würde als ein strategischer Fehdehandschuh angesehen werden. Das heutige Russland wird darauf reagieren. Die russisch-ukrainischen Beziehungen würden auf Eis gelegt ... Das würde einen fruchtbaren Boden für russische Einmischungen auf der Krim und in der Ostukraine schaffen.“

Burns war 2008 nicht der einzige westliche Entscheidungsträger, der erkannte, dass die Aufnahme der Ukraine in die NATO mit Gefahren verbunden war. Auf dem Bukarester Gipfel sprachen sich sowohl die deutsche Bundeskanzlerin Angela Merkel als auch der französische Präsident Nicolas Sarkozy gegen eine NATO-Mitgliedschaft der Ukraine aus, weil sie wussten, dass dies Russland alarmieren und verärgern würde. Merkel erklärte kürzlich ihre Ablehnung: „Ich war mir sehr sicher, ... dass Putin das nicht einfach zulassen wird. Aus seiner Sicht wäre das eine Kriegserklärung“.

Um noch einen Schritt weiter zu gehen: Zahlreiche amerikanische Politiker und Strategen sprachen sich in den 1990er Jahren gegen die Entscheidung von Präsident Clinton aus, die NATO zu erweitern, als diese Entscheidung noch zur Debatte stand. Diesen Gegnern war von Anfang an klar, dass die russische Führung darin eine Bedrohung ihrer lebenswichtigen Interessen sehen würde und dass diese Politik letztlich in eine Katastrophe münden würde. Die Liste der Gegner umfasst prominente Persönlichkeiten des Establishments wie George Kennan, sowohl Präsident Clintons Verteidigungsminister William Perry als auch seinen Vorsitzenden des Vereinigten Generalstabs, General John Shalikashvili, Paul Nitze, Robert Gates, Robert McNamara, Richard Pipes und Jack Matlock, um nur einige zu nennen.

Die Logik von Putins Position sollte für Amerikaner, die seit langem der Monroe-Doktrin verpflichtet sind, vollkommen verständlich sein. Diese besagt, dass keine entfernte Großmacht ein Bündnis mit einem Land in der westlichen Hemisphäre eingehen und ihre militärischen Streitkräfte dort stationieren darf. Die Vereinigten Staaten würden einen solchen Schritt als existenzielle Bedrohung auffassen und alles tun, um diese Gefahr zu beseitigen. Dies geschah natürlich auch während der Kubakrise 1962, als Präsident Kennedy den Sowjets klar machte, dass ihre Atomraketen aus Kuba abgezogen werden müssten. Putin ist zutiefst von derselben Logik beeinflusst. Schließlich wollen Großmächte nicht, dass sich entfernte Großmächte in ihrem Hinterhof ansiedeln.

DRITTENS: Die zentrale Bedeutung der tiefen Angst Russlands vor einem NATO-Beitritt der Ukraine wird durch zwei Entwicklungen seit Kriegsbeginn verdeutlicht.

Während der Istanbuler Verhandlungen, die unmittelbar nach Beginn der Invasion stattfanden, machten die Russen deutlich, dass die Ukraine eine „dauerhafte Neutralität“ akzeptieren müsse und der NATO nicht beitreten könne. Die Ukrainer akzeptierten die Forderung Russlands ohne ernsthaften Widerstand, sicherlich weil sie wussten, dass es sonst unmöglich wäre, den Krieg zu beenden. In jüngerer Zeit, am 14. Juni 2024, stellte Putin zwei Forderungen, die die Ukraine erfüllen müsse, bevor er einem Waffenstillstand und der Aufnahme von Verhandlungen zur Beendigung des Krieges zustimmen würde. Eine dieser Forderungen war, dass Kiew „offiziell“ erklärt, „dass es seine Pläne, der NATO beizutreten, aufgibt“.

Das alles ist nicht überraschend, denn Russland hat die Ukraine in der NATO immer als existenzielle Bedrohung gesehen, die um jeden Preis verhindert werden muss. Diese Logik ist die treibende Kraft hinter dem Ukraine-Krieg.

Schließlich ist aus der Verhandlungsposition Russlands in Istanbul sowie aus Putins Äußerungen zur Beendigung des Krieges in seiner Ansprache vom 14. Juni 2024 klar ersichtlich, dass er nicht daran interessiert ist, die gesamte Ukraine zu erobern und sie zu einem Teil eines größeren Russlands zu machen.

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John Joseph Mearsheimer (* 14. Dezember 1947 in Brooklyn, New York City) ist ein US-amerikanischer Politikwissenschaftler an der University of Chicago. Sein Schwerpunkt ist die Analyse internationaler Beziehungen aus der Perspektive des offensiven Neorealismus, den er erstmals 2001 in seiner Monografie The Tragedy of Great Power Politics darstellte.

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Dieser Text von John J. Mearsheimer erschien am 5.8.2024 auf Substack.Vielen Dank für die Genehmigung des Autors zum Abdruck der deutschen Übersetzung. Die Übersetzung wurde von Thomas Mayer erstellt. 

Neben der NATO-Osterweiterung gibt es weitere Faktoren die zum Ukraine-Krieg führten, zum Beispiel der Nationalismus in der Ukraine und die Unterdrückung der ethnisch-russischen Bevölkerung.

Ausführlich sind die vielschichtigen Hintergründe des Ukraine-Krieges geschildert in dem Buch von Thomas Mayer: Wahrheitssuche im Ukraine-Krieg – Um was es wirklich geht, 600 Seiten, ISBN 978-3-89060-863-1, Infos zum Buch: https://kurzelinks.de/h10a

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@ 0c65eba8:4a08ef9a

For most of human history, the sexual marketplace was well-regulated.

We are speaking here in general terms. Not every culture got it right, and some were deeply dysfunctional. But wherever marriage, parental investment, and the moral care of children were prioritized, those societies dramatically outcompeted their neighbors.

Incentive structures that supported strong families produced surplus: economic, cultural, and human. Weak ones collapsed.

Why? Because the production of highly competent, capable, mentally and emotionally secure adults is the highest-return activity humanity has ever engaged in. Nothing else provides such a powerful, generational return on investment as raising children into competent adults at scale.

While environment shapes culture and even genetics over time, it is people themselves, their values, behaviors, and internal structure, that determine the quality of every institution and innovation that follows. Get the people right, and the rest follows.

Take Athens, for example. Its golden age wasn’t built on sexual freedom, but on carefully arranged marriages, legally enforced paternity, and multi-generational households. This wasn’t repression, it was coordination, domestication. And it worked.

By the time these norms matured, the sexual marketplace was governed by a complex web of family expectations, religious rules, cultural norms, and community enforcement. Sex was not isolated from responsibility. It was embedded in systems designed to ensure reciprocity, stability, and legacy.

Above all, it was aimed at protecting the vulnerable:

• Women were shielded from bad marriages and abandonment.

• Children were guarded from fatherlessness, abuse and neglect.

• Men were protected from being forced to raise another man's child.

This governance wasn’t repressive. It was protective. It aligned biology, morality, and law to preserve what mattered most.

Marriage was not just a personal bond. It was an intergenerational contract. It linked families, preserved bloodlines, and protected children.

In fact, how well your sexual marketplace was regulated was a clear class signifier. Among the lowest strata of society, mating was often chaotic, driven by instinct, convenience, or desperation. But as you moved up the social hierarchy, norms became stricter, expectations higher, and matchmaking more deliberate. The most successful classes were the ones that invested the most in supporting marriage, disciplining sexual behavior, and preparing the next generation.

This worked for thousands of years to build the west one family at a time.

Then we tore it all down.

The very structure that made sex, love, and family sustainable was dismantled. We became irresponsibly individualistic.

Now, everyone says they want institutional solutions.

But very few understand what that would require, what it demands of us, what it disrupts, and what it will take to build something stable.

This isn’t about dating tips. This is about rebuilding the moral and legal architecture of the sexual domain, so that it works for families, for children, and for civilization again.

You can feel it needs to be done, even if you can’t describe it exactly. Something sacred has been shattered, and pretending it’s working only deepens the misery.

We live in the ruins of what used to be a functioning system. The decline isn’t just visible in the data, it saturates the emotional landscape of daily life. Modern dating feels transactional. Sex is hollow. Women are uncertain. Men are lost. Families are rare and fragile. "Adults" are immature.

And the worst part? Most people think this is normal.

It’s not. It’s a moral, social and institutional collapse. And if we dont fix it, it will be followed by an extinction of western people and culture.

What Happened?

The sexual revolution did to sexual norms what firing the police would do to public safety.

It removed the enforcers of reciprocity, parents, churches, norms, and law, and replaced them with "freedom."

But what replaced regulation wasn’t liberation. It was chaos and predation.

The sexual revolution did not liberate anyone. It dismantled the governance systems that once made mating intelligible and reciprocal:

• Parents, churches, and community elders no longer guide young people toward marriage.

• Legal structures no longer incentivize fidelity or protect paternity.

• Cultural norms no longer bind sex to responsibility, or love to legacy.

What replaced these governance systems wasn’t freedom. It was the stripping away of oversight and consequence. And just like in economics, when you deregulate a high-stakes market, you don’t get utopia, you get predation.

• Divorce soared

• Marriage collapsed

• Anxiety, depression, inceldom, and sterility rose

• Families disintegrated

The result was not a paradise of pleasure. It was a battlefield of broken hearts. The infamous war of the sexes.

It gave us blurred lines between desire and coercion. Propaganda saturated the culture, making vulnerable people pliable, not free. Women were told casual sex meant power. Men learned how to seduce without commitment. Children were conceived under illusion and discarded under regret.

Many had sex believing it would lead to a relationship. It didn’t. Others had children out of wedlock, thinking it would bring stability. It didn’t. Some aborted those children when reality collided with fantasy. Others raised them alone, unsupported, ashamed.

It taught men they had no right to expect paternity. It taught women to mistake attention for commitment. It taught both sexes to expect betrayal.

The social trust required for family life was gutted. And the pain is no longer anecdotal. It is systemic. It's become the new normal.

And no amount of personal effort or success can fully protect you from that institutional decay.

You might build a good life, a strong marriage, a stable home. But you do not live in a vacuum. Your children must still navigate this broken marriage economy. They must form relationships in a world shaped by lies, instability, and betrayal.

You are surrounded by people who were never taught what love is, never shown how to lead a family, never given the structure needed to make good decisions. And their collapse affects you. Their sons may pursue your daughters. Their daughters may carry into your family the wounds of fatherlessness.

You are not exempt from institutional failure, because you live within its consequences every day.

This Isn’t Just About Personal Choices. It’s About Incentives.

You’ve heard enough advice about what you can do: vet better, save yourself for marriage, build character, avoid degeneracy. That’s not what this article is about.

This is about how we fix the structure.

If we want to rebuild civilizational stability, we must re-regulate the sexual marketplace. That means:

• Reintroducing strict moral and legal constraints on sexual behavior

• Promoting courtship norms and family formation at the institutional level

• Creating strong disincentives for single parenthood and non-reciprocal mating

• Restoring incentives for intergenerational involvement in match-making and marital stability

We do this not by going backward, but by going deeper.

By building new institutions, new incentives, and new legitimacy that reward responsibility, protect the vulnerable, and make family formation achievable again for ordinary people, not just the elite.

The Pain Will Force the Change

This may sound impossible to those immersed in the present. But the future is not shaped by what is tolerated, it is shaped by what becomes unbearable.

And this relational economy is becoming unbearable.

The incentives will shift. What was considered impossible yesterday, and still feels improbable today, will become inevitable tomorrow. The only question is whether the solutions we implement will solve the real problem or merely replace one set of dysfunctions with another.

This is where Natural Law matters.

Natural Law gives us something no ideology can: decidability. It offers clarity in confusion, boundaries grounded in reality, and the ability to calculate what leads to order, and what leads to collapse.

Using Natural Law, we can:

• Diagnose the root causes of imbalance between the sexes

• Define what reciprocity looks like in the sexual domain

• Design institutions that reinforce mutual obligation, not exploitation

• Create feedback loops that correct deviation rather than institutionalize it

This isn’t wishful thinking, it’s a social systems design method based on reality. And the longer we delay in applying it, the more damage will compound.

The loneliness, sterility, mistrust, and despair are not sustainable. Not biologically. Not socially. Not civilizationally. Eventually, society will snap back.

And those who understand what went wrong, and are building what comes next, will become the architects of the new order.

Not because they imposed their will. But because they offered rule when everyone else offered ruin.

We don’t need more advice. We need new incentives. And those can only be built by men who are no longer waiting for permission.

@ b1ddb4d7:471244e7

When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.

While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.

We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.

First Steps

• So, where did it all begin for you and what made you stay curious?

I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.

I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.

After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.

I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.

Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.

That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.

When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.

DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.

The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”

• At what point did you start teaching others, and why?

After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.

What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.

Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.

I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?

Building on Bitcoin

• You hosted some in-person meetups in Sacramento. What did you learn from those?

My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.

I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.

At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.

Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.

• Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?

My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).

I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.

The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.

• How do local groups like Sactown and Cleveland Bitcoiners influence your work?

Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.

Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.

I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.

Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.

• What do people struggle with the most when it comes to technical education?

The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”

Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?

I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.

• One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?

I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.

They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.

As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.

• How do you choose what to focus on in your sessions, especially for different types of learners?

I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.

At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.

Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.

There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.

That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.

I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on

@ ec42c765:328c0600

test

@ b1ddb4d7:471244e7

“Not your keys, not your coins” isn’t a slogan—it’s a survival mantra in the age of digital sovereignty.

The seismic collapses of Mt. Gox (2014) and FTX (2022) weren’t anomalies; they were wake-up calls. When $8.7 billion in customer funds vanished with FTX, it exposed the fatal flaw of third-party custody: your bitcoin is only as secure as your custodian’s weakest link.

Yet today, As of early 2025, analysts estimate that between 2.3 million and 3.7 million Bitcoins are permanently lost, representing approximately 11–18% of bitcoin’s fixed maximum supply of 21 million coins, with some reports suggesting losses as high as 4 million BTC. This paradox reveals a critical truth: self-custody isn’t just preferable—it’s essential—but it must be done right.

The Custody Spectrum

Custodial Wallets (The Illusion of Control)

• Rehypothecation Risk: Most platforms lend your bitcoin for yield generation. When Celsius collapsed, users discovered their “held” bitcoin was loaned out in risky strategies.
• Account Freezes: Regulatory actions can lock withdrawals overnight. In 2023, Binance suspended dollar withdrawals for U.S. users citing “partner bank issues,” trapping funds for weeks.
• Data Vulnerability: KYC requirements create honeypots for hackers. The 2024 Ledger breach exposed 270,000 users’ personal data despite hardware security.

True Self-Custody
Self-custody means exclusively controlling your private keys—the cryptographic strings that prove bitcoin ownership. Unlike banks or exchanges, self-custody eliminates:

• Counterparty risk (no FTX-style implosions)
• Censorship (no blocked transactions)
• Inflationary theft (no fractional reserve lending)

Conquering the Three Great Fears of Self-Custody

Fear 1: “I’ll Lose Everything If I Make a Mistake”

Reality: Human error is manageable with robust systems:

• Test Transactions: Always send a micro-amount (0.00001 BTC) before large transfers. Verify receipt AND ability to send back.
• Multi-Backup Protocol: Store seed phrases on fireproof/waterproof steel plates (not paper!). Distribute copies geographically—one in a home safe, another with trusted family 100+ miles away.
• SLIP39 Sharding: Split your seed into fragments requiring 3-of-5 shards to reconstruct. No single point of failure.

Fear 2: “Hackers Will Steal My Keys”

Reality: Offline storage defeats remote attacks:

• Hardware Wallets: Devices like Bitkey or Ledger keep keys in “cold storage”—isolated from internet-connected devices. Transactions require physical confirmation.
• Multisig Vaults: Bitvault’s multi-sig system requires attackers compromise multiple locations/devices simultaneously. Even losing two keys won’t forfeit funds.
• Air-Gapped Verification: Use dedicated offline devices for wallet setup. Never type seeds on internet-connected machines.

Fear 3: “My Family Can’t Access It If I Die”

Reality: Inheritance is solvable:

• Dead Man Switches: Bitwarden’s emergency access allows trusted contacts to retrieve encrypted keys after a pre-set waiting period (e.g., 30 days).
• Inheritance Protocols: Bitkey’s inheritance solution shares decryption keys via designated beneficiaries’ emails. Requires multiple approvals to prevent abuse.
• Public Key Registries: Share wallet XPUBs (not private keys!) with heirs. They can monitor balances but not spend, ensuring transparency without risk.

The Freedom Dividend

1. Censorship Resistance: Send $10M BTC to a Wikileaks wallet without Visa/Mastercard blocking it.
2. Privacy Preservation: Avoid KYC surveillance—non-custodial wallets like Flash require zero ID verification.
3. Protocol Access: Participate in bitcoin-native innovations (Lightning Network, DLCs) only possible with self-custodied keys.
4. Black Swan Immunity: When Cyprus-style bank bailins happen, your bitcoin remains untouched in your vault.

The Sovereign’s Checklist

1. Withdraw from Exchanges: Move all BTC > $1,000 to self-custody immediately.
2. Buy Hardware Wallet: Purchase DIRECTLY from manufacturer (no Amazon!) to avoid supply-chain tampering.
3. Generate Seed OFFLINE: Use air-gapped device, write phrase on steel—never digitally.
4. Test Recovery: Delete wallet, restore from seed before funding.
5. Implement Multisig: For > $75k, use Bitvault for 2-of-3 multi-sig setup.
6. Create Inheritance Plan: Share XPUBs/SLIP39 shards with heirs + legal documents.

“Self-custody isn’t about avoiding risk—it’s about transferring risk from opaque institutions to transparent, controllable systems you design.”

The Inevitable Evolution: Custody Without Compromise

Emerging solutions are erasing old tradeoffs:

• MPC Wallets: Services like Xapo Bank shatter keys into encrypted fragments distributed globally. No single device holds full keys, defeating physical theft.
• Social Recovery: Ethically designed networks (e.g., Bitkey) let trusted contacts restore access without custodial control.
• Biometric Assurance: Fingerprint reset protocols prevent lockouts from physical injuries.

Lost keys = lost bitcoin. But consider the alternative: entrusting your life savings to entities with proven 8% annual failure rates among exchanges. Self-custody shifts responsibility from hoping institutions won’t fail to knowing your system can’t fail without your consent.

Take action today: Move one coin. Test one recovery. Share one xpub. The path to unchained wealth begins with a single satoshi under your control.

@ 97c70a44:ad98e322

Vibe coding is taking the nostr developer community by storm. While it's all very exciting and interesting, I think it's important to pump the brakes a little - not in order to stop the vehicle, but to try to keep us from flying off the road as we approach this curve.

In this note Pablo is subtweeting something I said to him recently (although I'm sure he's heard it from other quarters as well):

nostr:nevent1qvzqqqqqqypzp75cf0tahv5z7plpdeaws7ex52nmnwgtwfr2g3m37r844evqrr6jqy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qghwaehxw309aex2mrp0yh8qunfd4skctnwv46z7qg6waehxw309ac8junpd45kgtnxd9shg6npvchxxmmd9uqzq0z48d4ttzzkupswnkyt5a2xfkhxl3hyavnxjujwn5k2k529aearwtecp4

There is a naive, curmudgeonly case for simply "not doing AI". I think the intuition is a good one, but the subject is obviously more complicated - not doing it, either on an individual or a collective level, is just not an option. I recently read Tools for Conviviality by Ivan Illich, which I think can help us here. For Illich, the best kind of tool is one which serves "politically interrelated individuals rather than managers".

This is obviously a core value for bitcoiners. And I think the talks given at the Oslo Freedom Forum this year present a compelling case for adoption of LLMs for the purposes of 1. using them for good, and 2. developing them further so that they don't get captured by corporations and governments. Illich calls both the telephone and print "almost ideally convivial". I would add the internet, cryptography, and LLMs to this list, because each one allows individuals to work cooperatively within communities to embody their values in their work.

But this is only half the story. Illich also points out how "the manipulative nature of institutions... have put these ideally convivial tools at the service of more [managerial dominance]."

Preventing the subversion and capture of our tools is not just a matter of who uses what, and for which ends. It also requires an awareness of the environment that the use of the tool (whether for virtuous or vicious ends) creates, which in turn forms the abilities, values, and desires of those who inhabit the environment.

The natural tendency of LLMs is to foster ignorance, dependence, and detachment from reality. This is not the fault of the tool itself, but that of humans' tendency to trade liberty for convenience. Nevertheless, the inherent values of a given tool naturally gives rise to an environment through use: the tool changes the world that the tool user lives in. This in turn indoctrinates the user into the internal logic of the tool, shaping their thinking, blinding them to the tool's influence, and neutering their ability to work in ways not endorsed by the structure of the tool-defined environment.

The result of this is that people are formed by their tools, becoming their slaves. We often talk about LLM misalignment, but the same is true of humans. Unreflective use of a tool creates people who are misaligned with their own interests. This is what I mean when I say that AI use is anti-human. I mean it in the same way that all unreflective tool use is anti-human. See Wendell Berry for an evaluation of industrial agriculture along the same lines.

What I'm not claiming is that a minority of high agency individuals can't use the technology for virtuous ends. In fact, I think that is an essential part of the solution. Tool use can be good. But tools that bring their users into dependence on complex industry and catechize their users into a particular system should be approached with extra caution. The plow was a convivial tool, and so were early tractors. Self-driving John Deere monstrosities are a straightforward extension of the earlier form of the technology, but are self-evidently an instrument of debt slavery, chemical dependency, industrial centralization, and degradation of the land. This over-extension of a given tool can occur regardless of the intentions of the user. As Illich says:

There is a form of malfunction in which growth does not yet tend toward the destruction of life, yet renders a tool antagonistic to its specific aims. Tools, in other words, have an optimal, a tolerable, and a negative range.

The initial form of a tool is almost always beneficial, because tools are made by humans for human ends. But as the scale of the tool grows, its logic gets more widely and forcibly applied. The solution to the anti-human tendencies of any technology is an understanding of scale. To prevent the overrun of the internal logic of a given tool and its creation of an environment hostile to human flourishing, we need to impose limits on scale.

Tools that require time periods or spaces or energies much beyond the order of corresponding natural scales are dysfunctional.

My problem with LLMs is:

• Not their imitation of human idioms, but their subversion of them and the resulting adoption of robotic idioms by humans
• Not the access they grant to information, but their ability to obscure accurate or relevant information
• Not their elimination of menial work, but its increase (Bullshit Jobs)
• Not their ability to take away jobs, but their ability to take away the meaning found in good work
• Not their ability to confer power to the user, but their ability to confer power to their owner which can be used to exploit the user
• Not their ability to solve problems mechanistically, but the extension of their mechanistic value system to human life
• Not their explicit promise of productivity, but the environment they implicitly create in which productivity depends on their use
• Not the conversations they are able to participate in, but the relationships they displace

All of these dysfunctions come from the over-application of the technology in evaluating and executing the fundamentally human task of living. AI work is the same kind of thing as an AI girlfriend, because work is not only for the creation of value (although that's an essential part of it), but also for the exercise of human agency in the world. In other words, tools must be tools, not masters. This is a problem of scale - when tool use is extended beyond its appropriate domain, it becomes what Illich calls a "radical monopoly" (the domination of a single paradigm over all of human life).

So the important question when dealing with any emergent technology becomes: how can we set limits such that the use of the technology is naturally confined to its appropriate scale?

Here are some considerations:

• Teach people how to use the technology well (e.g. cite sources when doing research, use context files instead of fighting the prompt, know when to ask questions rather than generate code)
• Create and use open source and self-hosted models and tools (MCP, stacks, tenex). Refuse to pay for closed or third-party hosted models and tools.
• Recognize the dependencies of the tool itself, for example GPU availability, and diversify the industrial sources to reduce fragility and dependence.
• Create models with built-in limits. The big companies have attempted this (resulting in Japanese Vikings), but the best-case effect is a top-down imposition of corporate values onto individuals. But the idea isn't inherently bad - a coding model that refuses to generate code in response to vague prompts, or which asks clarifying questions is an example. Or a home assistant that recognized childrens' voices and refuses to interact.
• Divert the productivity gains to human enrichment. Without mundane work to do, novice lawyers, coders, and accountants don't have an opportunity to hone their skills. But their learning could be subsidized by the bots in order to bring them up to a level that continues to be useful.
• Don't become a slave to the bots. Know when not to use it. Talk to real people. Write real code, poetry, novels, scripts. Do your own research. Learn by experience. Make your own stuff. Take a break from reviewing code to write some. Be independent, impossible to control. Don't underestimate the value to your soul of good work.
• Resist both monopoly and "radical monopoly". Both naturally collapse over time, but by cultivating an appreciation of the goodness of hand-crafted goods, non-synthetic entertainment, embodied relationship, and a balance between mobility and place, we can relegate new, threatening technologies to their correct role in society.

I think in all of this is implicit the idea of technological determinism, that productivity is power, and if you don't adapt you die. I reject this as an artifact of darwinism and materialism. The world is far more complex and full of grace than we think.

The idea that productivity creates wealth is, as we all know, bunk. GDP continues to go up, but ungrounded metrics don't reflect anything about the reality of human flourishing. We have to return to a qualitative understanding of life as whole, and contextualize quantitative tools and metrics within that framework.

Finally, don't believe the hype. Even if AI delivers everything it promises, conservatism in changing our ways of life will decelerate the rate of change society is subjected to and allow time for reflection and proper use of the tool. Curmudgeons are as valuable as technologists. There will be no jobspocalypse if there is sufficient political will to value human good over mere productivity. It's ok to pump the breaks.

@ 77c2969e:a33cfa50

Nostr 协议在我看来是很先进的，暂时使用的人还不多，不过相比 Fediverse 的 Mastodon 之类，自己部署 Nostr Relay 是成本很小的。Blossom 作为媒体上传服务是可选的，因为有几个公共服务器可用，但是大多数国内无法直连。我还发现部分客户端不支持自定义 Blossom 服务器，只有 Amethyst 和 Nostrmo 可以。

我目前使用的是这个 nostr-relay 以及这个 blossom-server。

---

nostr-relay

这个用 Python 写的 nostr-relay 很不错。

配置文件是这个： https://code.pobblelabs.org/fossil/nostr_relay/file?name=nostr_relay/config.yaml 可以按需修改，自己用默认就够了。

```jsx

先安装 pipx

apt install pipx

再用 pipx 安装 nostr-relay

pipx install nostr-relay

选择一个目录运行以下命令启动默认配置，默认 SQLite 文件在当前目录

nostr-relay serve

后台运行

(nostr-relay serve >/var/log/nostr-relay.log &)

查看 PID

lsof -i :6969

停止运行

kill PID

后台运行命令会调用 gunicorn 运行而不是nostr-relay，因此会搜不到 nostr-relay 进程，可以尝试这个命令

ps -ef | grep gunicorn `` 反代127.0.0.1:6969` 配置域名和 SSL 证书即可。

保持简洁，不使用 Docker 和 systemd，后续迁移时只需复制整个文件夹即可。

---

blossom-server

clone 这个仓库

git clone https://github.com/hzrd149/blossom-server.git

克隆仓库是必要的，因为 blossom-server 的默认页面依赖 public/ 目录，请保留该目录。

用以下 config.yml 和 docker-compose.yml 覆盖原仓库中的文件

然后执行 docker compose up -d

反代 127.0.0.1:3000 配置域名和 SSL 证书即可。

config.yml

按需修改，比如 Dashboard 密码、允许的 PubKey 等。 ```

Override the domain thats is used in the blobs "url" field

By default it uses the domain the incoming HTTP request was made on

publicDomain: ""

databasePath: data/sqlite.db

dashboard: # enable or disable the admin dashboard enabled: true # admin username username: admin # if password is left blank it will be generated each time the app starts password: "yourpasswd"

文件发现机制，保持默认关闭

discovery: # find files by querying nostr relays nostr: enabled: false relays: - wss://relay.example.com # find files by asking upstream CDNs # NOTE: do not set this to your own server, it will create an infinite loop upstream: enabled: false domains: - https://cdn.example.com

storage: # local or s3 backend: local

# Imminently removes a blob when there are no owners removeWhenNoOwners: false

# local storage local: dir: ./data/blobs

# see minio docs for options: # https://min.io/docs/minio/linux/developers/javascript/API.html#new-minio-client-endpoint-port-usessl-accesskey-secretkey-region-transport-sessiontoken-partsize # s3: # endpoint: https://s3.endpoint.com # port: 443 # bucket: blossom # accessKey: xxxxxxxx # secretKey: xxxxxxxxx # useSSL: true # region: us-east-1 # If this is set the server will redirect clients when loading blobs # publicURL: https://s3.region.example.com/

# rules are checked in descending order. if a blob matches a rule it is kept # "type" (required) the type of the blob, "" can be used to match any type # "expiration" (required) time passed since last accessed # "pubkeys" (optional) a list of owners # any blobs not matching the rules will be removed rules: - type: "" expiration: 100 years pubkeys: - "change-to-your-pubkey-hex"

Config for the /upload endpoint

upload: # enable / disable uploads (default false) enabled: true # require auth to upload requireAuth: true # only check rules that include "pubkeys" requirePubkeyInRule: true

Config for the /media endpoint

media: # /media endpoint enabled (default false) enabled: true # require auth to upload to /media requireAuth: true # only check rules that include "pubkeys" requirePubkeyInRule: true

# image optimization options image: # image quality 0-100 (default 90) quality: 90 # create progressive jpeg / png images for large images > 1024x768 (default true) progressive: true # max width (default 1920) maxWidth: 1920 # max height (default 1080) maxHeight: 1080 # image format (default webp) outputFormat: "webp" # keep aspect radio when resizing (default true) maintainAspectRatio: true # keep EXIF metadata (default false) keepExif: false # fps for GIFs (default 30) fps: 30

video: # video quality 0-100 (default 90) quality: 90 # max height (default 1080) maxHeight: 1080 # max fps (default 30) maxFps: 30 # output format [mp4, webm, mkv] (default mp4) format: "webm" # audio codec [aac, mp3, vorbis, opus] (default aac) audioCodec: "aac" # video codec [libx264, libx265, vp8, vp9] (default libx264) videoCodec: "libx264"

list: requireAuth: false allowListOthers: true

tor: enabled: false proxy: "" ```

docker-compose.yml

services: blossom: image: ghcr.io/hzrd149/blossom-server:master ports: - 3000:3000 volumes: # mount data volume - ./data:/app/data # mount config file - ./config.yml:/app/config.yml # mount custom www dir - ./public:/app/public

---

其他

我自己目前就是部署的这两个服务自用。主要是方便部署和维护，后续服务器迁移只需要复制文件夹即可。Blossom 媒体服务自用的话，默认使用服务器本地存储即可，就是在项目文件夹中的 ./data/blobs/，上传的图片和视频会被自动压缩，占不了多少存储空间。如果公开或多人使用也可以配置 S3 兼容的对象存储。

除了我上面说的这个 nostr-relay，还有一个 Rust 写的 nostr-rs-relay，可以 Docker 一键部署，如果你偏好使用 Docker，也可以选择这个。

如果你也对 Nostr 这个去中心化协议感兴趣，想拥有自己的 Nostr 服务，不妨参考本文试试，欢迎留言交流！

---

推荐阅读

• 欢迎加入 Nostr, 这是一份快速入门指南
• Nostr!moe
• Join Nostr
• 运行自己的中继器，拥有自己的事件
• 用自己域名认证 Nostr 的 NIP-05

@ 32e18276:5c68e245

6 years ago I created some tools for working with peter todd's opentimestamps proof format. You can do some fun things like create plaintext and mini ots proofs. This short post is just a demo of what these tools do and how to use them.

What is OTS?

OpenTimestamps is a protocol for stamping information into bitcoin in a minimal way. It uses OP_RETURN outputs so that it has minimal impact on chain, and potentially millions of documents are stamped all at once with a merkle tree construction.

Examples

Here's the proof of the ots.c source file getting stamped into the ots calendar merkle tree. We're simply printing the ots proof file here with otsprint:

``` $ ./otsprint ots.c.ots

version 1 file_hash sha256 f76f0795ff37a24e566cd77d1996b64fab9c871a5928ab9389dfc3a128ec8296 append 2e9943d3833768bdb9a591f1d2735804 sha256 | --> append 2d82e7414811ecbf | sha256 | append a69d4f93e3e0f6c9b8321ce2cdd90decd34d260ea3f8b55e83d157ad398b7843 | sha256 | append ac0b5896401478eb6d88a408ec08b33fd303b574fb09b503f1ac1255b432d304 | sha256 | append 8aa9fd0245664c23d31d344243b4e8b0 | sha256 | prepend 414db5a1cd3a3e6668bf2dca9007e7c0fc5aa6dc71a2eab3afb51425c3acc472 | sha256 | append 5355b15d88d4dece45cddb7913f2c83d41e641e8c1d939dac4323671a4f8e197 | sha256 | append a2babd907ca513ab561ce3860e64a26b7df5de117f1f230bc8f1a248836f0c25 | sha256 | prepend 683f072f | append 2a4cdf9e9e04f2fd | attestation calendar https://alice.btc.calendar.opentimestamps.org | --> append 7c8764fcaba5ed5d | sha256 | prepend f7e1ada392247d3f3116a97d73fcf4c0994b5c22fff824736db46cd577b97151 | sha256 | append 3c43ac41e0281f1dbcd7e713eb1ffaec48c5e05af404bca2166cdc51966a921c | sha256 | append 07b18bd7f4a5dc72326416aa3c8628ca80c8d95d7b1a82202b90bc824974da13 | sha256 | append b4d641ab029e7d900e92261c2342c9c9 | sha256 | append 4968b89b02b534f33dc26882862d25cca8f0fa76be5b9d3a3b5e2d77690e022b | sha256 | append 48c54e30b3a9ec0e6339b88ed9d04b9b1065838596a4ec778cbfc0dfc0f8c781 | sha256 | prepend 683f072f | append 8b2b4beda36c18dc | attestation calendar https://bob.btc.calendar.opentimestamps.org | --> append baa878b42ef3e0d45b324cc3a39a247a | sha256 | prepend 4fb1bc663cd641ad18e5c73fb618de1ae3d28fb5c3c224b7f9888fd52feb09ec | sha256 | append 731329278830c9725497d70e9f5a02e4b2d9c73ff73560beb3a896a2f180fdbf | sha256 | append 689024a9d57ad5daad669f001316dd0fc690ac4520410f97a349b05a3f5d69cb | sha256 | append 69d42dcb650bb2a690f850c3f6e14e46c2b0831361bac9ec454818264b9102fd | sha256 | prepend 683f072f | append bab471ba32acd9c3 | attestation calendar https://btc.calendar.catallaxy.com append c3ccce274e2f9edfa354ec105cb1a749 sha256 append 6297b54e3ce4ba71ecb06bd5632fd8cbd50fe6427b6bfc53a0e462348cc48bab sha256 append c28f03545a2948bd0d8102c887241aff5d4f6cf1e0b16dfd8787bf45ca2ab93d sha256 prepend 683f072f append 7f3259e285891c8e attestation calendar https://finney.calendar.eternitywall.com ```

The tool can create a minimal version of the proofs:

``` $ ./otsmini ots.c.ots | ./otsmini -d | ./otsprint

version 1 file_hash sha256 f76f0795ff37a24e566cd77d1996b64fab9c871a5928ab9389dfc3a128ec8296 append 2e9943d3833768bdb9a591f1d2735804 sha256 append c3ccce274e2f9edfa354ec105cb1a749 sha256 append 6297b54e3ce4ba71ecb06bd5632fd8cbd50fe6427b6bfc53a0e462348cc48bab sha256 append c28f03545a2948bd0d8102c887241aff5d4f6cf1e0b16dfd8787bf45ca2ab93d sha256 prepend 683f072f append 7f3259e285891c8e attestation calendar https://finney.calendar.eternitywall.com ```

which can be shared on social media as a string:

5s1L3tTWoTfUDhB1MPLXE1rnajwUdUnt8pfjZfY1UWVWpWu5YhW3PGCWWoXwWBRJ16B8182kQgxnKyiJtGQgRoFNbDfBss19seDnco5sF9WrBt8jQW7BVVmTB5mmAPa8ryb5929w4xEm1aE7S3SGMFr9rUgkNNzhMg4VK6vZmNqDGYvvZxBtwDMs2PRJk7y6wL6aJmq6yoaWPvuxaik4qMp76ApXEufP6RnWdapqGGsKy7TNE6ZzWWz2VXbaEXGwgjrxqF8bMstZMdGo2VzpVuE

you can even do things like gpg-style plaintext proofs:

``` $ ./otsclear -e CONTRIBUTING.ots -----BEGIN OPENTIMESTAMPS MESSAGE-----

Email patches to William Casarin jb55@jb55.com

-----BEGIN OPENTIMESTAMPS PROOF-----

AE9wZW5UaW1lc3RhbXBzAABQcm9vZgC/ieLohOiSlAEILXj4GSagG6fRNnR+CHj9e/+Mdkp0w1us gV/5dmlX2NrwEDlcBMmQ723mI9sY9ALUlXoI//AQRXlCd716J60FudR+C78fkAjwIDnONJrj1udi NDxQQ8UJiS4ZWfprUxbvaIoBs4G+4u6kCPEEaD8Ft/AIeS/skaOtQRoAg9/jDS75DI4pKGh0dHBz Oi8vZmlubmV5LmNhbGVuZGFyLmV0ZXJuaXR5d2FsbC5jb23/8AhMLZVzYZMYqwjwEPKWanBNPZVm kqsAYV3LBbkI8CCfIVveDh/S8ykOH1NC6BKTerHoPojvj1OmjB2LYvdUbgjxBGg/BbbwCGoo3fi1 A7rjAIPf4w0u+QyOLi1odHRwczovL2FsaWNlLmJ0Yy5jYWxlbmRhci5vcGVudGltZXN0YW1wcy5v cmf/8Aik+VP+n3FhCwjwELfTdHAfYQNa49I3CYycFbkI8QRoPwW28AgCLn93967lIQCD3+MNLvkM jiwraHR0cHM6Ly9ib2IuYnRjLmNhbGVuZGFyLm9wZW50aW1lc3RhbXBzLm9yZ/AQ3bEwg7mjQyKR PykGgiJewAjwID5Q68dY4m+XogwTJx72ecQEe5lheCO1RnlcJSTFokyRCPEEaD8Ft/AIw1WWPe++ 8N4Ag9/jDS75DI4jImh0dHBzOi8vYnRjLmNhbGVuZGFyLmNhdGFsbGF4eS5jb20= -----END OPENTIMESTAMPS PROOF-----

$ ./otsclear -v <<<proof_string... # verify the proof string ```

I've never really shared these tools before, I just remembered about it today. Enjoy!

Try it out: https://github.com/jb55/ots-tools

@ ec42c765:328c0600

カスタム絵文字とは

任意のオリジナル画像を絵文字のように文中に挿入できる機能です。
また、リアクション（Twitterの いいね のような機能）にもカスタム絵文字を使えます。

カスタム絵文字の対応状況（2025/02/06）

カスタム絵文字を使うためにはカスタム絵文字に対応したクライアントを使う必要があります。

※表は一例です。クライアントは他にもたくさんあります。

使っているクライアントが対応していない場合は、クライアントを変更する、対応するまで待つ、開発者に要望を送る（または自分で実装する）などしましょう。

対応クライアント

• Amethyst
• FreeFrom
• nostter
• Rabbit
• Lumilumi
• Nos Haiku
• Snort
• noStrudel

ここではnostterを使って説明していきます。

準備

カスタム絵文字を使うための準備です。

• Nostrエクステンション（NIP-07）を導入する
• 使いたいカスタム絵文字をリストに登録する

Nostrエクステンション（NIP-07）を導入する

Nostrエクステンションは使いたいカスタム絵文字を登録する時に必要になります。

また、環境（パソコン、iPhone、androidなど）によって導入方法が違います。

Nostrエクステンションを導入する端末は、実際にNostrを閲覧する端末と違っても構いません（リスト登録はPC、Nostr閲覧はiPhoneなど）。

Nostrエクステンション（NIP-07）の導入方法は以下のページを参照してください。

ログイン拡張機能 (NIP-07)を使ってみよう | Welcome to Nostr! ～ Nostrをはじめよう！ ～

少し面倒ですが、これを導入しておくとNostr上の様々な場面で役立つのでより快適になります。

使いたいカスタム絵文字をリストに登録する

以下のサイトで行います。

emojito

右上のGet startedからNostrエクステンションでログインしてください。

例として以下のカスタム絵文字を導入してみます。

実際より絵文字が少なく表示されることがありますが、古い状態のデータを取得してしまっているためです。その場合はブラウザの更新ボタンを押してください。

generalJP | カスタム絵文字

• 右側のOptionsからBookmarkを選択

これでカスタム絵文字を使用するためのリストに登録できます。

カスタム絵文字を使用する

例としてブラウザから使えるクライアント nostter から使用してみます。

nostter

nostterにNostrエクステンションでログイン、もしくは秘密鍵を入れてログインしてください。

文章中に使用

1. 投稿ボタンを押して投稿ウィンドウを表示
2. 顔😀のボタンを押し、絵文字ウィンドウを表示
3. ＊タブを押し、カスタム絵文字一覧を表示
4. カスタム絵文字を選択
5. : 記号に挟まれたアルファベットのショートコードとして挿入される

この状態で投稿するとカスタム絵文字として表示されます。

カスタム絵文字対応クライアントを使っている他ユーザーにもカスタム絵文字として表示されます。

対応していないクライアントの場合、ショートコードのまま表示されます。

ショートコードを直接入力することでカスタム絵文字の候補が表示されるのでそこから選択することもできます。

リアクションに使用

1. 任意の投稿の顔😀のボタンを押し、絵文字ウィンドウを表示
2. ＊タブを押し、カスタム絵文字一覧を表示
3. カスタム絵文字を選択

カスタム絵文字リアクションを送ることができます。

カスタム絵文字を探す

先述したemojitoからカスタム絵文字を探せます。

例えば任意のユーザーのページ emojito ロクヨウ から探したり、 emojito Browse all からnostr全体で最近作成、更新された絵文字を見たりできます。

また、以下のリンクは日本語圏ユーザーが作ったカスタム絵文字を集めたリストです（2025/02/06）

※漏れがあるかもしれません

日本ユーザー作 カスタム絵文字

各絵文字セットにあるOpen in emojitoのリンクからemojitoに飛び、使用リストに追加できます。

---

以上です。

次：Nostrのカスタム絵文字の作り方

Yakihonneリンク Nostrのカスタム絵文字の作り方

Nostrリンク nostr:naddr1qqxnzdesxuunzv358ycrgveeqgswcsk8v4qck0deepdtluag3a9rh0jh2d0wh0w9g53qg8a9x2xqvqqrqsqqqa28r5psx3

---

仕様

NIP-30 Custom Emoji

NIP-30 カスタム絵文字（和訳）

@ ec42c765:328c0600

てすと

nostr:nevent1qqst3uqlls4yr9vys4dza2sgjle3ly37trck7jgdmtr23uuz52usjrqqqnjgr

nostr:nevent1qqsdvchy5d27zt3z05rr3q6vvmzgslslxwu0p4dfkvxwhmvxldn9djguvagp2

test

てｓ

@ b1ddb4d7:471244e7

When Sergei talks about bitcoin, he doesn’t sound like someone chasing profits or followers. He sounds like someone about to build a monastery in the ruins.

While the mainstream world chases headlines and hype, Sergei shows up in local meetups from Sacramento to Cleveland, mentors curious minds, and shares what he knows is true – hoping that, with the right spark, someone will light their own way forward.

We interviewed Sergei to trace his steps: where he started, what keeps him going, and why teaching bitcoin is far more than explaining how to set up a node – it’s about reaching the right minds before the noise consumes them. So we began where most journeys start: at the beginning.

First Steps

• So, where did it all begin for you and what made you stay curious?

I first heard about bitcoin from a friend’s book recommendation, American Kingpin, the book about Silk Road (online drug marketplace). He is still not a true bitcoiner, although I helped him secure private keys with some bitcoin.

I was really busy at the time – focused on my school curriculum, running a 7-bedroom Airbnb, and working for a standardized test prep company. Bitcoin seemed too technical for me to explore, and the pace of my work left no time for it.

After graduating, while pursuing more training, I started playing around with stocks and maximizing my savings. Passive income seemed like the path to early retirement, as per the promise of the FIRE movement (Financial Independence, Retire Early). I mostly followed the mainstream news and my mentor’s advice – he liked preferred stocks at the time.

I had some Coinbase IOUs and remember sending bitcoin within the Coinbase ledger to a couple friends. I also recall the 2018 crash; I actually saw the legendary price spike live but couldn’t benefit because my funds were stuck amidst the frenzy. I withdrew from that investment completely for some time. Thankfully, my mentor advised to keep en eye on bitcoin.

Around late 2019, I started DCA-ing cautiously. Additionally, my friend and I were discussing famous billionaires, and how there was no curriculum for becoming a billionaire. So, I typed “billionaires” into my podcast app, and landed on We Study Billionaires podcast.

That’s where I kept hearing Preston Pysh mention bitcoin, before splitting into his own podcast series, Bitcoin Fundamentals. I didn’t understand most of the terminology of stocks, bonds, etc, yet I kept listening and trying to absorb it thru repetition. Today, I realize all that financial talk was mostly noise.

When people ask me for a technical explanation of fiat, I say: it’s all made up, just like the fiat price of bitcoin! Starting in 2020, during the so-called pandemic, I dove deeper. I religiously read Bitcoin Magazine, scrolled thru Bitcoin Twitter, and joined Simply Bitcoin Telegram group back when DarthCoin was an admin.

DarthCoin was my favorite bitcoiner – experienced, knowledgeable, and unapologetic. Watching him shift from rage to kindness, from passion to despair, gave me a glimpse at what a true educator’s journey would look like.

The struggle isn’t about adoption at scale anymore. It’s about reaching the few who are willing to study, take risks, and stay out of fiat traps. The vast majority won’t follow that example – not yet at least… if I start telling others the requirements for true freedom and prosperity, they would certainly say “Hell no!”

• At what point did you start teaching others, and why?

After college, I helped teach at a standardized test preparation company, and mentored some students one-on-one. I even tried working at a kindergarten briefly, but left quickly; Babysitting is not teaching.

What I discovered is that those who will succeed don’t really need my help – they would succeed with or without me, because they already have the inner drive.

Once you realize your people are perishing for lack of knowledge, the only rational thing to do is help raise their level of knowledge and understanding. That’s the Great Work.

I sometimes imagine myself as a political prisoner. If that were to happen, I’d probably start teaching fellow prisoners, doctors, janitors, even guards. In a way we already live in an open-air prison, So what else is there to do but teach, organize, and conspire to dismantle the Matrix?

Building on Bitcoin

• You hosted some in-person meetups in Sacramento. What did you learn from those?

My first presentation was on MultiSig storage with SeedSigner, and submarine swaps through Boltz.exchange.

I realized quickly that I had overestimated the group’s technical background. Even the meetup organizer, a financial advisor, asked, “How is anyone supposed to follow these steps?” I responded that reading was required… He decided that Unchained is an easier way.

At a crypto meetup, I gave a much simpler talk, outlining how bitcoin will save the world, based on a DarthCoin’s guide. Only one person stuck around to ask questions – a man who seemed a little out there, and did not really seem to get the message beyond the strength of cryptographic security of bitcoin.

Again, I overestimated the audience’s readiness. That forced me to rethink my strategy. People are extremely early and reluctant to study.

• Now in Ohio, you hold sessions via the Orange Pill App. What’s changed?

My new motto is: educate the educators. The corollary is: don’t orange-pill stupid normies (as DarthCoin puts it).

I’ve shifted to small, technical sessions in order to raise a few solid guardians of this esoteric knowledge who really get it and can carry it forward.

The youngest attendee at one of my sessions is a newborn baby – he mostly sleeps, but maybe he still absorbs some of the educational vibes.

• How do local groups like Sactown and Cleveland Bitcoiners influence your work?

Every meetup reflects its local culture. Sacramento and Bay Area Bitcoiners, for example, do camping trips – once we camped through a desert storm, shielding our burgers from sand while others went to shoot guns.

Cleveland Bitcoiners are different. They amass large gatherings. They recently threw a 100k party. They do a bit more community outreach. Some are curious about the esoteric topics such as jurisdiction, spirituality, and healthful living.

I have no permanent allegiance to any state, race, or group. I go where I can teach and learn. I anticipate that in my next phase, I’ll meet Bitcoiners so advanced that I’ll have to give up my fiat job and focus full-time on serious projects where real health and wealth are on the line.

Hopefully, I’ll be ready. I believe the universe always challenges you exactly to your limit – no less, no more.

• What do people struggle with the most when it comes to technical education?

The biggest struggle isn’t technical – it’s a lack of deep curiosity. People ask “how” and “what” – how do I set up a node, what should one do with the lightning channels? But very few ask “why?”

Why does on-chain bitcoin not contribute to the circular economy? Why is it essential to run Lightning? Why did humanity fall into mental enslavement in the first place?

I’d rather teach two-year-olds who constantly ask “why” than adults who ask how to flip a profit. What worries me most is that most two-year-olds will grow up asking state-funded AI bots for answers and live according to its recommendations.

• One Cleveland Bitcoiner shows up at gold bug meetups. How valuable is face-to-face education?

I don’t think the older generation is going to reverse the current human condition. Most of them have been under mind control for too long, and they just don’t have the attention span to study and change their ways.

They’re better off stacking gold and helping fund their grandkids’ education. If I were to focus on a demographic, I’d go for teenagers – high school age – because by college, the indoctrination is usually too strong, and they’re chasing fiat mastery.

As for the gold bug meetup? Perhaps one day I will show up with a ukulele to sing some bitcoin-themed songs. Seniors love such entertainment.

• How do you choose what to focus on in your sessions, especially for different types of learners?

I don’t come in with a rigid agenda. I’ve collected a massive library of resources over the years and never stopped reading. My browser tab and folder count are exploding.

At the meetup, people share questions or topics they’re curious about, then I take that home, do my homework, and bring back a session based on those themes. I give them the key takeaways, plus where to dive deeper.

Most people won’t – or can’t – study the way I do, and I expect attendees to put in the work. I suspect that it’s more important to reach those who want to learn but don’t know how, the so-called nescient (not knowing), rather than the ignorant.

There are way too many ignorant bitcoiners, so my mission is to find those who are curious what’s beyond the facade of fake reality and superficial promises.

That naturally means that fewer people show up, and that’s fine. I’m not here for the crowds; I’m here to educate the educators. One bitcoiner who came decided to branch off into self-custody sessions and that’s awesome. Personally, I’m much more focused on Lightning.

I want to see broader adoption of tools like auth, sign-message, NWC, and LSPs. Next month, I’m going deep into eCash solutions, because let’s face it – most newcomers won’t be able to afford their own UTXO or open a lightning channel; additionally, it has to be fun and easy for them to transact sats, otherwise they won’t do it. Additionally, they’ll need to rely on

@ a296b972:e5a7a2e8

Nur für‘s Protokoll. Hiermit erkläre ich, Georg Ohrweh, im tatsächlich vorhandenen vollen Besitz meiner geistigen Kräfte, dass Herr Lauterbach, gleich welche Position er in Zukunft noch bekleiden sollte, für mich nicht zuständig ist. Basta.

Ein Erguss dieses verhaltensoriginellen Über-alles-Bescheidwissers:

„Wir kommen jetzt in eine Phase hinein, wo der Ausnahmezustand die Normalität sein wird. Wir werden ab jetzt immer im Ausnahmezustand sein. Der Klimawandel wird zwangsläufig mehr Pandemien bringen.“

Wie kann es sein, dass solch eine Ausnahme-Gestalt, die schon rein äußerlich die Phantasie zu Vergleichen anregt, sich leider auch genauso verhält, wie die Gestalten, die in diesen Phantasien vorkommen, ungebremst auf der Panik-Klaviatur kakophonische Klänge erzeugen darf? Obwohl ein wenig Wahrheit ist auch enthalten: Wir sind tatsächlich immer im Ausnahmezustand, im Ausnahmezustand des fortgeschrittenen Wahnsinns.

Wie kann es sein, dass dieser Haaaarvardist seinen persönlich empfundenen Ausnahmezustand zum Allgemeingut erklären kann? Welche Verknüpfungs-Phantasien hat er sonst noch studiert? Er ist ja auch noch Vorsitzender im Raumfahrtausschuss. Was kommt als Nächstes? Eine Klima-Pandemie, verursacht durch außerirdische Viren, die die Temperaturen beeinflussen können? Im aktuellen Zeitgeist gibt es nichts, was nicht gedacht wird. Wem die besseren Absurditäten einfallen, der gewinnt. Man muss sich schon den gegebenen Denkstrukturen etwas anpassen, aber sich auch ein wenig Mühe geben.

Nach dem Wechsel der ehemaligen Außen-Dings zur UN (mit dem Ziel, aus den Vereinten Nationen die Feministischen Nationen zu gestalten) und des ehemaligen Wirtschafts-Dings in den Außenausschuss und als Gastdozent in Kalifornien (Thema: Wirtschaftsvernichtung unter Einbeziehung des gespannten Verhältnisses unter Geschwistern aufgrund ärmlicher Verhältnisse, am Beispiel des Märchens von Hänsel und Gretel) , jetzt auch noch der ehemalige Chef-Panikmacher zur WHO.

…und der Wahnsinn wurde hinausgetragen in die Welt, und es wurde dunkel, und es ward Nacht, und es wurde helle, und es ward Tag, der Wind blies oder auch nicht (was macht der Wind eigentlich, wenn er nicht weht?), und es ward Winter, und es wurde kälter, und es wurde wärmer, und es ward Sommer. Es regnete nicht mehr, die Wolken schwitzten. Und Putin verhinderte (wer auch sonst), dass das Eis in der Antarktis abnahm.

Wiederholte Bodentemperaturen in der Toskana von 50 Grad Celsius. Zu erwartende Wassertemperaturen während Ferragosto an der italienischen Adria von durchschnittlich 100 Grad Celsius. An Stellen mit wenig Strömung stiegen schon die ersten Kochblasen auf. Doch dann kam der durch Lachs gestählte, salzlose Super-Karl und rettete mit einem durch die WHO diktierten Klima-Logdown die gesamte Menschheit. Wer besser, als er konnte wissen, dass ein Klima-Logdown weitgehend nebenwirkungsfrei ist.

Was für ein Segen, dass Karl der Große, der uns so siegreich durch die Corona-Schlacht geführt hat, jetzt auch gegen das Klima in den Krieg zieht.

Wer kennt das nicht, Tage der Qual, in denen man zugeben muss: Ich hab‘ heute so schlimm Klima.

Viele Klimaexperten, die weltweit in der Qualitätspropaganda zitiert werden, zeichnen sich besonders dadurch aus, dass sie mit einer maximalen Abweichung von einem Grad Celsius ein Thermometer fehlerfrei ablesen können. Diese Ungenauigkeit wird der Erdverkochungsexperte sicher als erstes beheben.

In einer aufopfernden Studie während eines Urlaubs in 2023, in der um die damalige Zeit erstmals eisfreien Toskana, hat er den von ihm ausgetüftelten Klimaschutzplan ins Rheinische übersetzt. Titel: „Schützen Sie sisch, und, äh, andere!“ Weiter konnte er erforschen, dass die Bodentemperatur nicht immer mit der Temperatur des Erdkerns übereinstimmen muss.

Durch seine unermüdlichen Studien, können Hitzetote in Zukunft besser zugeordnet werden. Man weiß dann, ob jemand an hohen oder mit hohen Temperaturen gestorben ist. Der asymptomatische Klimawandel kann so in Zukunft viel besser bewertet werden. Man hat aus geringfügigen Fehlern gelernt und die Methoden erheblich verbessert.

Eine präzise Vorhersage der Jahreszeiten, vor allem die des Sommers, wird bald ebenfalls möglich sein. Es kann jetzt vor jahreszeitbedingten, teilweise sogar täglich schwankenden Temperaturveränderungen rechtzeitig gewarnt werden. Im Herbst können Heizempfehlungen für die ahnungslose Bevölkerung herausgegeben werden. Frieren war gestern, wissen wann es kalt wird, ist heute. Es wird an Farben geforscht, die noch roter sein sollen, als die, die jetzt in den Wetterkarten bei 21 Grad bereits verwendet werden.

Eine allgemeine Heizpflicht soll es europaweit zunächst nicht geben.

Weiter soll die Lichteinstrahlung der Sonne noch präziser bestimmt werden, damit den Europäern, in Ergänzung zur mitteleuropäischen Sommerzeit, jetzt auch noch genau mitgeteilt werden kann, wann es Tag und wann es Nacht ist.

Das Hinausschauen aus dem Fenster, zum Beispiel, ob es schon dunkel draußen ist, erübrigt sich. Die Tageszeit, in Ergänzung zur herkömmlichen Uhrzeit, wird demnächst automatisch mit dem Klima-Pass übermittelt werden. Zu Anfang natürlich erst einmal freiwillig.

Durch die persönliche ID können dann auch schnell und unkompliziert Sonderprämien überwiesen werden, sofern man sich klimakonform verhalten hat, damit man sich rechtzeitig vor Winterbeginn eine warme Jacke oder einen Mantel kaufen kann. Das Sparen von Bargeld auf eine bevorstehende größere Anschaffung von Winterkleidung wird somit überflüssig.

Ob es am Ende nun um Hitze oder Kälte geht, spielt eigentlich gar keine Rolle, denn wie wussten schon die Ahnen zu berichten: Was gut für die Kälte ist, ist auch gut für die Wärme.

Westliche Mächte unternehmen immer wieder Versuche, eskalierend auf den Ukraine-Konflikt einzuwirken, damit man atombetriebene Heizpilze aufstellen kann, an denen sich die Europäer im Winter auch im Freien wärmen können.

Wie praktisch, dass man nicht nur Gesundheit und Klima, sondern auch Klima und Krieg miteinander verbinden kann. Alles so, oder so ähnlich möglicherweise nachzulesen im genialen Hitzeschutzplan á la Lauterbach.

Besonders Deutschland braucht nicht nur lauterbachsche Hitzeschutzräume, nein es braucht atomsichere Hitzeschutzbunker, so schlägt man gleich zwei Fliegen mit einer Klappe.

Für die, die es sich leisten können, hier ein Vorschlag. Der K2000:

https://www.swr.de/swr1/rp/programm/loriot-mini-luftschutzbunker-zum-preis-einer-waschmaschine-100.html

Für die weniger gut Betuchten reicht auch ein kühles Kellerloch, das man idealerweise im Februar beziehen und nicht vor November wieder verlassen sollte, so die Empfehlung auch von führenden Klima-Forschern, die es ja wissen müssen. Von Dezember bis Januar empfiehlt sich ein Besuch auf den Bahamas, besonders dann, wenn man eine leichte Erkältung verspürt.

Nur Verschwörungstheoretiker behaupten, dass die eigenartigen Anschlussverwendungen der Extrem-Kapazitäten, zu denen Lauterbach ohne Zweifel dazugehört, wie dicke rote Pfeile wirken, die auf Institutionen und Organisationen zeigen, um die man unter allen Umständen einen großen Bogen machen sollte, weil sie möglicherweise nichts Gutes im Schilde führen. Minimal sollen sie angeblich Unsinn verbreiten, maximal sollen sie gehörigen Schaden anrichten.

Man muss sich nur ein paar Gedanken machen, schon kann man feststellen, wie alles mit allem zusammenhängt.

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

* *

(Bild von pixabay)

@ 57d1a264:69f1fee1

18-07 HOLIDAY HOME by OFFICE INAINN reimagines the traditional hytte, creating two interconnected cabins, H_G30 and H_G32, located near the scenic Geiranger–Trollstigen route. Set on a steep hillside 148 meters above sea level, the design embraces modern functionality while offering stunning southern views of Storfjorden and minimizing environmental impact.

Blending into the Landscape

The cabins are designed to integrate gently into the natural terrain, following the contours of the hillside. Their horizontal layout reduces the visual impact, blending into the forested surroundings while opening up to the fjord. The minimal footprint respects the environment and reduces construction costs, ensuring the cabins remain nearly invisible from the north while fully engaging with the southern panorama.

Functional, Additive Architecture

Inspired by traditional Norwegian architecture, each cabin consists of two overlapping modules of varying heights, breaking up the building mass and reducing roof size. The higher module serves as the circulation space, while the lower module contains the private and living areas. This approach replaces conventional walls with functional form, creating distinct zones for movement, utility, and relaxation.

Harmonizing Tradition with Modern Living

The cabins follow an east-west retaining wall that mirrors the hill’s natural slope, with additional storage and leisure spaces tucked behind. The shallow depth allows maximum southern exposure for light and views, while the central axis blurs the boundary between indoor and outdoor living, creating a seamless connection to nature.

For more info https://inainn.eu/18-07-holiday-home/

https://stacker.news/items/1000386

@ cae03c48:2a7d6671

Bitcoin Magazine

Mapping Bitcoin’s Bull Cycle Potential

Bitcoin’s Market Value to Realized Value, or MVRV ratio, remains one of the most reliable on-chain indicators for identifying local and macro tops and bottoms across every BTC cycle. By isolating data across different investor cohorts and adapting historical benchmarks to modern market conditions, we can generate more accurate insights into where Bitcoin may be headed next.

The Bitcoin MVRV Ratio

The MVRV Ratio compares Bitcoin’s market price to its realized price, essentially the average cost basis for all coins in the network. As of writing, BTC trades around $105,000 while the realized price floats near $47,000, putting the raw MVRV at 2.26. The Z-Score version of MVRV standardizes this ratio based on historical volatility, enabling clearer comparisons across different market cycles.

Figure 1: Historically, the MVRV Ratio and the MVRV Z-Score have accurately identified cycle peaks and bottoms. View Live Chart

Short-Term Holders

Short-term holders, defined as those holding Bitcoin for 155 days or less, currently have a realized price near $97,000. This metric often acts as dynamic support in bull markets and resistance in bear markets. Notably, when the Short Term Holder MVRV hits 1.33, local tops have historically occurred, as seen several times in both the 2017 and 2021 cycles. So far in the current cycle, this threshold has already been touched four times, each followed by modest retracements.

Figure 2: Short Term Holder MVRV reaching 1.33 in more recent cycles has aligned with local tops. View Live Chart

Long-Term Holders

Long-term holders, who’ve held BTC for more than 155 days, currently have an average cost basis of just $33,500, putting their MVRV at 3.11. Historically, Long Term Holder MVRV values have reached as high as 12 during major peaks. That said, we’re observing a trend of diminishing multiples each cycle.

Figure 3: Achieving a Long Term Holder MVRV value of 8 could extrapolate to a BTC price in excess of $300,000. View Live Chart

A key resistance band now sits between 7.5 and 8.5, a zone that has defined bull tops and pre-bear retracements in every cycle since 2011. If the current growth of the realized price ($40/day) continues for another 140–150 days, matching previous cycle lengths, we could see it reach somewhere in the region of $40,000. A peak MVRV of 8 would imply a price near $320,000.

A Smarter Market Compass

Unlike static all-time metrics, the 2-Year Rolling MVRV Z-Score adapts to evolving market dynamics. By recalculating average extremes over a rolling window, it smooths out Bitcoin’s natural volatility decay as it matures. Historically, this version has signaled overbought conditions when reaching levels above 3, and prime accumulation zones when dipping below -1. Currently sitting under 1, this metric suggests that substantial upside remains.

Figure 4: The current 2-Year Rolling MVRV Z-Score suggests more positive price action ahead. View Live Chart

Timing & Targets

A view of the BTC Growth Since Cycle Lows chart illustrates that BTC is now approximately 925 days removed from its last major cycle low. Historical comparisons to previous bull markets suggest we may be around 140 to 150 days away from a potential top, with both the 2017 and 2021 peaks occurring around 1,060 to 1,070 days after their respective lows. While not deterministic, this alignment reinforces the broader picture of where we are in the cycle. If realized price trends and MVRV thresholds continue on current trajectories, late Q3 to early Q4 2025 may bring final euphoric moves.

Figure 5: Will the current cycle continue to exhibit growth patterns similar to those of the previous two cycles? View Live Chart

Conclusion

The MVRV ratio and its derivatives remain essential tools for analyzing Bitcoin market behavior, providing clear markers for both accumulation and distribution. Whether observing short-term holders hovering near local top thresholds, long-term holders nearing historically significant resistance zones, or adaptive metrics like the 2-Year Rolling MVRV Z-Score signaling plenty of runway left, these data points should be used in confluence.

No single metric should be relied upon to predict tops or bottoms in isolation, but taken together, they offer a powerful lens through which to interpret the macro trend. As the market matures and volatility declines, adaptive metrics will become even more crucial in staying ahead of the curve.

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

---

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.

This post Mapping Bitcoin’s Bull Cycle Potential first appeared on Bitcoin Magazine and is written by Matt Crosby.

@ ec42c765:328c0600

カスタム絵文字とは

任意のオリジナル画像を絵文字のように文中に挿入できる機能です。
また、リアクション（Twitterの いいね のような機能）にもカスタム絵文字を使えます。

カスタム絵文字の対応状況（2025/02/06）

カスタム絵文字を使うためにはカスタム絵文字に対応したクライアントを使う必要があります。

※表は一例です。クライアントは他にもたくさんあります。

使っているクライアントが対応していない場合は、クライアントを変更する、対応するまで待つ、開発者に要望を送る（または自分で実装する）などしましょう。

対応クライアント

• Amethyst
• FreeFrom
• nostter
• Rabbit
• Lumilumi
• Nos Haiku
• Snort
• noStrudel

ここではnostterを使って説明していきます。

準備

カスタム絵文字を使うための準備です。

• Nostrエクステンション（NIP-07）を導入する
• 使いたいカスタム絵文字をリストに登録する

Nostrエクステンション（NIP-07）を導入する

Nostrエクステンションは使いたいカスタム絵文字を登録する時に必要になります。

また、環境（パソコン、iPhone、androidなど）によって導入方法が違います。

Nostrエクステンションを導入する端末は、実際にNostrを閲覧する端末と違っても構いません（リスト登録はPC、Nostr閲覧はiPhoneなど）。

Nostrエクステンション（NIP-07）の導入方法は以下のページを参照してください。

ログイン拡張機能 (NIP-07)を使ってみよう | Welcome to Nostr! ～ Nostrをはじめよう！ ～

少し面倒ですが、これを導入しておくとNostr上の様々な場面で役立つのでより快適になります。

使いたいカスタム絵文字をリストに登録する

以下のサイトで行います。

emojito

右上のGet startedからNostrエクステンションでログインしてください。

例として以下のカスタム絵文字を導入してみます。

実際より絵文字が少なく表示されることがありますが、古い状態のデータを取得してしまっているためです。その場合はブラウザの更新ボタンを押してください。

generalJP | カスタム絵文字

• 右側のOptionsからBookmarkを選択

これでカスタム絵文字を使用するためのリストに登録できます。

カスタム絵文字を使用する

例としてブラウザから使えるクライアント nostter から使用してみます。

nostter

nostterにNostrエクステンションでログイン、もしくは秘密鍵を入れてログインしてください。

文章中に使用

1. 投稿ボタンを押して投稿ウィンドウを表示
2. 顔😀のボタンを押し、絵文字ウィンドウを表示
3. ＊タブを押し、カスタム絵文字一覧を表示
4. カスタム絵文字を選択
5. : 記号に挟まれたアルファベットのショートコードとして挿入される

この状態で投稿するとカスタム絵文字として表示されます。

カスタム絵文字対応クライアントを使っている他ユーザーにもカスタム絵文字として表示されます。

対応していないクライアントの場合、ショートコードのまま表示されます。

ショートコードを直接入力することでカスタム絵文字の候補が表示されるのでそこから選択することもできます。

リアクションに使用

1. 任意の投稿の顔😀のボタンを押し、絵文字ウィンドウを表示
2. ＊タブを押し、カスタム絵文字一覧を表示
3. カスタム絵文字を選択

カスタム絵文字リアクションを送ることができます。

カスタム絵文字を探す

先述したemojitoからカスタム絵文字を探せます。

例えば任意のユーザーのページ emojito ロクヨウ から探したり、 emojito Browse all からnostr全体で最近作成、更新された絵文字を見たりできます。

また、以下のリンクは日本語圏ユーザーが作ったカスタム絵文字を集めたリストです（2025/02/06）

※漏れがあるかもしれません

日本ユーザー作 カスタム絵文字

各絵文字セットにあるOpen in emojitoのリンクからemojitoに飛び、使用リストに追加できます。

---

以上です。

次：Nostrのカスタム絵文字の作り方

Yakihonneリンク Nostrのカスタム絵文字の作り方

Nostrリンク nostr:naddr1qqxnzdesxuunzv358ycrgveeqgswcsk8v4qck0deepdtluag3a9rh0jh2d0wh0w9g53qg8a9x2xqvqqrqsqqqa28r5psx3

---

仕様

NIP-30 Custom Emoji

NIP-30 カスタム絵文字（和訳）

@ 32e18276:5c68e245

Damus OpenSats Grant Q1 2025 Progress Report

This period of the Damus OpenSats grant has been productive, and encompasses the work our beta release of Notedeck. Since we sent our last report on January, this encompasses all the work after then.

Damus Notedeck

We released the Beta version of Notedeck, which has many new features:

Dave

We've added a new AI-powered nostr assistant, similar to Grok on X. We call him Dave.

Dave is integrated with tooling that allows it to query the local relay for posts and profiles:

Search

The beta release includes a fulltext search interface powered by nostrdb:

Zaps

You can now zap with NWC!

And More!

• GIFs!
• Add full screen images, add zoom & pan
• Introduce last note per pubkey feed (experimental)
• Allow multiple media uploads per selection
• Major Android improvements (still wip)
• Added notedeck app sidebar
• User Tagging
• Note truncation
• Local network note broadcast, broadcast notes to other notedeck notes while you're offline
• Mute list support (reading)
• Relay list support
• Ctrl-enter to send notes
• Added relay indexing (relay columns soon)
• Click hashtags to open hashtag timeline

Damus iOS

Work continued on the iOS side. While I was not directly involved in the work since the last report, I have been directing and managing its development.

What's new:

Coinos Wallet + Interface

We've partnered with coinos to enable a one-click, non-KYC lightning wallet!

We now have an NWC wallet interface, and we've re-enabled zaps as per the new appstore guidelines!

Now you can see all incoming and outgoing NWC transactions and start zapping right away.

Enhanced hellthread muting

Damus can now automatically mute hellthreads, instead of having to do that manually.

Drafts

We now locally persist note drafts so that they aren't lost on app restart!

Profile editing enhancements

We now have a profile picture editing tool so that profile pictures are optimized and optionally cropped

Conversations tab

We now have a conversations tab on user profiles, allowing you to see all of your past conversations with that person!

Enhanced push notifications

We've updated our push notifications to include profile pictures, and they are also now grouped by the thread that they came from.

And lots more!

Too many to list here, check out the full changelog

Nostrdb

nostrdb, the engine that powers notecrumbs, damus iOS, and notedeck, continued to improve:

Custom filters

We've added the ability to include custom filtering logic during any nostrdb query. Dave uses this to filter replies from kind1 results to keep the results small and to avoid doing post-processing.

Relay index + queries

There is a new relay index! Now when ingesting notes, you can include extra metadata such as where the note came from. You can use this index to quickly list all of the relays for a particular note, or for relay timelines.

NIP50 profile searches

To assist dave in searching for profiles, we added a new query plan for {kind:0, search:} queries to scan the profile search index.

How money was used

• relay.damus.io server costs
• Living expenses

Next quarter

We're making a strong push to get our Android version released, so that is the main focus for me.

@ ec42c765:328c0600

カスタム絵文字とは

任意のオリジナル画像を絵文字のように文中に挿入できる機能です。
また、リアクション（Twitterの いいね のような機能）にもカスタム絵文字を使えます。

カスタム絵文字の対応状況（2024/02/05）

カスタム絵文字を使うためにはカスタム絵文字に対応したクライアントを使う必要があります。

※表は一例です。クライアントは他にもたくさんあります。

使っているクライアントが対応していない場合は、クライアントを変更する、対応するまで待つ、開発者に要望を送る（または自分で実装する）などしましょう。

対応クライアント

• Amethyst
• FreeFrom
• nostter
• Rabbit
• Snort
• noStrudel

ここではnostterを使って説明していきます。

準備

カスタム絵文字を使うための準備です。

• Nostrエクステンション（NIP-07）を導入する
• 使いたいカスタム絵文字をリストに登録する

Nostrエクステンション（NIP-07）を導入する

Nostrエクステンションは使いたいカスタム絵文字を登録する時に必要になります。

また、環境（パソコン、iPhone、androidなど）によって導入方法が違います。

Nostrエクステンションを導入する端末は、実際にNostrを閲覧する端末と違っても構いません（リスト登録はPC、Nostr閲覧はiPhoneなど）。

Nostrエクステンション（NIP-07）の導入方法は以下のページを参照してください。

ログイン拡張機能 (NIP-07)を使ってみよう | Welcome to Nostr! ～ Nostrをはじめよう！ ～

少し面倒ですが、これを導入しておくとNostr上の様々な場面で役立つのでより快適になります。

使いたいカスタム絵文字をリストに登録する

以下のサイトで行います。

emojito

右上のGet startedからNostrエクステンションでログインしてください。

例として以下のカスタム絵文字を導入してみます。

実際より絵文字が少なく表示されることがありますが、古い状態のデータを取得してしまっているためです。その場合はブラウザの更新ボタンを押してください。

generalJP | カスタム絵文字

• 右側のOptionsからBookmarkを選択

これでカスタム絵文字を使用するためのリストに登録できます。

カスタム絵文字を使用する

例としてブラウザから使えるクライアント nostter から使用してみます。

nostter

nostterにNostrエクステンションでログイン、もしくは秘密鍵を入れてログインしてください。

文章中に使用

1. 投稿ボタンを押して投稿ウィンドウを表示
2. 顔😀のボタンを押し、絵文字ウィンドウを表示
3. ＊タブを押し、カスタム絵文字一覧を表示
4. カスタム絵文字を選択
5. : 記号に挟まれたアルファベットのショートコードとして挿入される

この状態で投稿するとカスタム絵文字として表示されます。

カスタム絵文字対応クライアントを使っている他ユーザーにもカスタム絵文字として表示されます。

対応していないクライアントの場合、ショートコードのまま表示されます。

ショートコードを直接入力することでカスタム絵文字の候補が表示されるのでそこから選択することもできます。

リアクションに使用

1. 任意の投稿の顔😀のボタンを押し、絵文字ウィンドウを表示
2. ＊タブを押し、カスタム絵文字一覧を表示
3. カスタム絵文字を選択

カスタム絵文字リアクションを送ることができます。

カスタム絵文字を探す

先述したemojitoからカスタム絵文字を探せます。

例えば任意のユーザーのページ emojito ロクヨウ から探したり、 emojito Browse all からnostr全体で最近作成、更新された絵文字を見たりできます。

また、以下のリンクは日本語圏ユーザーが作ったカスタム絵文字を集めたリストです（2024/06/30）

※漏れがあるかもしれません

日本ユーザー作 カスタム絵文字

各絵文字セットにあるOpen in emojitoのリンクからemojitoに飛び、使用リストに追加できます。

---

以上です。

次：Nostrのカスタム絵文字の作り方

Yakihonneリンク Nostrのカスタム絵文字の作り方

Nostrリンク nostr:naddr1qqxnzdesxuunzv358ycrgveeqgswcsk8v4qck0deepdtluag3a9rh0jh2d0wh0w9g53qg8a9x2xqvqqrqsqqqa28r5psx3

---

仕様

NIP-30 Custom Emoji

NIP-30 カスタム絵文字（和訳）

@ d6affa19:9110b177

If there were only one thing I had to list as the single most effective way to improve a Female Led Relationship (FLR), it would be found in the phrase “yes, Ma’am.” Whether trying to get the dynamic off the ground or keep it going during the grind of everyday life, this phrase—and the energy it evokes—encompasses so many essential elements of an FLR. In my experience, not many other things continuously breathe life into a relationship like the magic of “yes, Ma’am.”

Of course, this phrase can be modified to the Woman’s desire (“yes, Mistress,” “yes, my Queen,” “yes, Goddess” are common examples), but “yes, Ma’am” is something acceptable nearly anywhere. It’s simple, polite, somewhat discreet, and yet extremely effective and powerful. In an FLR (even in a low-protocol dynamic), the phrase is elevated from a basic formality to an invocation of trust, respect, and surrender.

The words by themselves are powerless. But when consistently expressed with the right energy and intention, it becomes a sort of miniature ritual that keeps them both anchored to the relationship. This shouldn’t be conflated with “yes, Dear,” a phrase stereotypically used when a man is merely appeasing a Woman. No, the energy here is not to appease, but to please. Because She deserves it.

To illustrate this further, let’s dig into the depth I find in these two words.

An Invocation of Structure, Trust, and Identity

“Yes, Ma’am” is so deceptively simple. It’s a verbal expression of his obedience—the bare minimum a Woman should receive in an FLR. And it keeps the framework intact in everyday life, especially when the mood is subtle or non-sexual.

In this way, “yes, Ma’am” reinforces the foundation of the FLR. Each utterance reminds them both of their positions. Each declaration quiets any confusion. Each delivery deepens the dynamic and tightens the structure.

When these words are spoken and consistently followed up with action, they demonstrate emotional maturity—that he’s moved beyond questioning whether She’s “right” and into the realm of devotion. It signals to Her that Her needs don’t have to be proven to him anymore and that Her preferences don’t need to be justified.

He’s no longer debating Her logic, making excuses, or searching for loopholes; he’s no longer resisting or self-protecting. He’s not agreeing as an equal, he’s not negotiating with Her, he’s not hedging Her demand. He is simply submitting to Her.

Just as it’s “yes, Ma’am” when She tells him to kneel, it’s also “yes, Ma’am” when She asks him to fix the sink, or dismisses a request, or even reminds him to do something he’s about to do. “Yes, Ma’am,” then act.

The Words Alone Are Not the Magic

Again, the magic of “yes, Ma’am” doesn’t reside in the words themselves, but in the intention, energy, and action behind them. The phrase itself is just a vessel. Just as a chalice, the words hold something sacred, but the sanctity resides in the wine, not the cup. The action, the delivery, and the consistency are what give the phrase its power.

If spoken with resentment, sarcasm, or with no follow-through, they mean nothing. If he speaks them but then delays, argues, or makes excuses, then his submission is inauthentic. This undermines trust and, ultimately, the relationship. But when he says “yes, Ma’am” and immediately acts on Her direction—despite being tired, flustered, aroused, or even in disagreement, then that is real submission; that is profound trust. And that is what She feels.

And that’s what he feels. It becomes a reminder of his humility and an expression of self-discipline in service to Her. Over time, it shifts his thought patterns and instincts. He may feel uncertainty, self-pity, or insecurity, but “yes, Ma’am” melts it all into clarity. Old responses like “Well, actually…” “Can’t I just…” “I thought we agreed…” “Why can’t You…” are simply replaced with “yes, Ma’am.”

Even if he’s feeling exhausted, annoyed, or needy. There are no complaints or explanations, only Her will and a choice to put aside his ego, align with Her rhythm, and re-center his purpose. This is an act of vulnerability. He is placing his emotional safety in Her hands and relying on Her to care for his well-being.

It communicates to Her:
- “I hear You.”
- “I will act on Your desires.”
- “I trust You more than I trust my resistance.”
- “I’m Yours, even now, especially now.”

And let’s not ignore the erotic undertones in this depth of surrender. A simple phrase makes his discipline audible, echoing Her power. It bears his humility, longing, eagerness, vulnerability—his contained arousal. And She knows. She hears the plea. She feels the weight—the tension—the heat—the surrendered will… Ever-present, even in the most mundane moments…

Closing Thoughts

Of course, this level of devotion takes practice and a great deal of trust. No one is perfect, so he will fail at times, but that’s what makes it so beautiful—it’s a continuously active and conscious choice. And, at first, it may sound awkward for him or forced, but with dedication and intention She will begin to hear the tone, feel the vibe, and sense the sincerity in it. This energy is what builds Her trust in him.

This phrase, or rather the mindset behind it, has improved my own relationship so, so much. While it may not fit into every experience, it’s something that I discovered was a missing piece in mine. Enough so that I felt compelled to share.

Because as a relationship goes on, things change—passions fluctuate, pain resurfaces, doubts arise, life gets busy, things get heavy—but “yes, Ma’am” remains steady and intimate. Piece by piece trust and devotion are built with thousands of quiet yeses. And regardless of the circumstances, “yes, Ma’am” gently whispers “this is still us; this is still our shared truth; this is still sacred” over and over again.

@ 57d1a264:69f1fee1

HTX Studio received a special email. The letter writer's daughter was unfortunately run over by a heavy truck on her way to school, and her right hand permanently lost its function. When using the computer, her hands have to frequently switch between the keyboard and the mouse, which makes typing very slow and tiring. He wanted us to make a one-handed keyboard for his daughter.

https://www.youtube.com/watch?v=9vW12gQ4Klc

The project has just been open-sourced at https://github.com/htx-studio/One-Handed-Keyboard and hopes to be helpful to those who need it. In English for you below:

One-Handed Keyboard

This is a single-mode mechanical keyboard with integrated trackball. The firmware uses QMK . Thanks to all the developers who have contributed to the QMK community.

Keyboard production reference: [Mr. He] We made a special keyboard...

Open source hardware: HTXStudio one-handed keyboard

GitHub repository

Gitee repository

The development environment and setup are available here , and the firmware source code is available here .

The information in this warehouse includes:

• A total of 8 PCBs for three keyboards for the left and right hands, provided by EasyEDA Engineering.
• VIA key change configuration file and compiled firmware.
• Model design files.

---

Warehouse directory structure

Docs

Data sheet and pictures of the chip.

Firmware

QMK firmware for three different keyboard models, and JSON files for VIA key changes.

Hardware

Project files of Jialichuang EDA.

Model

Model files and processing files used by each keyboard model.

---

Production Guide

PCB：

1-Right-hand keyboard-hot-swappable (large): board material FR-4, board thickness 1.6mm, four-layer board, laminate structure JLC04161H-3313, impedance control +/-20%.

1-Left-hand keyboard-welding board (small): board material FR-4, board thickness 1.6mm, double-layer board, ALPS yellow axis needs to be installed with a little force when inserted.

1-Left-hand keyboard-hot-swappable (large): board material FR-4, board thickness 1.6mm, four-layer board, laminate structure JLC04161H-3313, impedance control +/-20%.

2-TypeC: board material FR-4, board thickness 1.6mm, double-layer board, marked CON1 (only for large keyboards).

3-Trackball: board material FR-4, board thickness 1.6mm, double-layer board, the module needs to pay attention to the welding direction, marked CON3.

4- Mouse wheel: board material FR-4, board thickness 1.6mm, double-layer board, it is recommended to use 7mm high encoder, 6mm high button, button trigger pressure ≤180g, marked CON2.

5-Directional buttons: board material FR-4, board thickness 1.6mm, double-layer board, ALPS yellow shaft needs to be inserted with a little force, marked CON4.

6- Main control board - left hand (small): board material FR-4, board thickness 1.6mm, double-layer board.

• Three of them are keyboard-controlled common boards 《3-轨迹球》《4-鼠标滚轮》《5-方向按键》.
• 《5-方向按键》And 《1-左手键盘-焊板(小)》, the key axis uses ALPS yellow axis.
• Note that the left and right hand keyboards are not completely mirrored.
• The trackball control uses SPI1 channel, and the scroll wheel has two separate signal lines, which allows replacing other control devices without major adjustments.
• The main control uses STM32G431CBU6.
• Compatible with A to C or C to C data cables.

Printout:

Keycap: resin, PLA, etc.

Trackball seat: resin, PLA, etc.

Left and right mouse buttons: resin, PLA, etc.

Shell: resin, PLA, etc.

Base: resin, PLA, etc.

Processing:

Positioning plate: Recommended material: pom, thickness 1.5mm.

Positioning plate cotton strip: glue left on one side.

Sandwich cotton: Recommended material is poron, 3.5mm thick.

Axle seat cotton: 2mm thick.

Bottom cotton: Recommended material: poron, 4mm thick.

Silicone pad (for keypad only): 5mm thick, hardness Shore 00-10.

other:

Trackball: diameter 25mm, material PTFE.

Lubricating ball: 2mm diameter, made of PTFE, installed in the printed trackball seat, 6 pieces in number.

Roller: Recommended diameter is between 19mm-20mm, thickness is between 4mm-5mm, and material is metal.

Satellite axis: 2U steel plate satellite axis.

Key switches: 57 ultra-small ALPS yellow switches for the small keyboard and 57 common mechanical switches for the large keyboard.

Cable arrangement: spacing 0.5mm, 8P reverse, 10cm2 strips, 15cm2 strips.

• The FPC sockets of the control board and the small board are both marked with CON, and the corresponding interfaces are connected.
• The file uses an FPC cable holder that can be connected up and down. It should be noted that when the cable holders are connected down, use reverse cable connection.

Model structure:

Installation order:

Take the large keyboard as an example

Pre-assembly work

• First, connect the 4 small PCBs to the keyboard body PCB using cables and burn the program.
• Install 3-5 shafts, rollers and trackballs. Make sure they function normally before assembly.
• Install the correct hot-melt copper nuts at the corresponding positions of the printed shell and base.
• Keycap printing.
• Attach the cotton strips to the protruding parts of the positioning plate (both on the front and back sides).

When burning the firmware for the first time, you can press and hold the button marked "B" on the back of the PCB and then plug in the USB cable to burn the firmware.

If you want to update the firmware, you can press and hold the "ESC" key on the keyboard and then insert the USB cable to burn the firmware.

For more information, please refer to Flashing Your Keyboard (QMK)

Next, start assembling

1. Use screws to install the 4 small boards to the corresponding positions of the base (pay attention to the wiring and installation direction), and install screws at the bottom of the trackball base.
2. Fix the left and right buttons on the keyboard PCB with screws.
3. From bottom to top, place the bottom cotton, shaft seat cotton, keyboard PCB, sandwich cotton and positioning plate into the fan-shaped area of ​​the base in order.
4. Insert the key switch.
5. Put it into the housing and secure it with screws from the bottom.
6. Install the keycaps to complete the assembly.

The screw and nut installation guide can be found here

Finally, this is our first open source project. If there are any shortcomings, you are welcome to criticize and correct us. Thank you.

---

References

Quantum Mechanical Keyboard Firmware

mrjohnk. ADNS-9800. GitHub repository

https://x.com/HTX_Studio/status/1929915992349782206

https://stacker.news/items/1000384

@ 57d1a264:69f1fee1

There is a certain image that pops up whenever people think about crushing soda cans. It is the kind of scene you see in movies, where a brawny athlete flattens an empty can with a single squeeze, probably in front of a cheering crowd. The reality, however, is far less cinematic. Most of us barely manage a dent before abandoning the can, sending it tumbling toward the trash bin, often missing the target entirely and hoping no one noticed. It is hardly the stuff of legends, unless you consider fumbling for a runaway soda can an athletic event.

In the end, the Yeti Can Crusher is more than just a clever gadget. It is a reminder that even the simplest chores can be transformed into moments of enjoyment, especially when the right tool is involved. There is a certain thrill in turning a dull task into a satisfying ritual, and when you add a dash of style, suddenly recycling is not just good for the planet, it is actually a little bit fun. With the right crusher in your hand, you might just find yourself looking forward to the next empty can.

Curious to learn more? https://www.yeti.com/outdoor-living/20110010027.html

https://stacker.news/items/1000380

@ c1e9ab3a:9cb56b43

1. Introduction

Over the last 250 years the world’s appetite for energy has soared along an unmistakably exponential trajectory, transforming societies and economies alike. After a half‑century of relative deceleration, a new mix of technological, demographic and political forces now hints at an impending catch‑up phase that could push demand back onto its centuries‑long growth curve. This post knits together the history, the numbers and the newest policy signals to explore what that rebound might look like—and how Gen‑4 nuclear power could meet it.

---

2. The Long Exponential: 1750 – 1975

Early industrialisation replaced muscle, wood and water with coal‑fired steam, pushing global primary energy use from a few exajoules per year in 1750 to roughly 60 EJ by 1900 and 250 EJ by 1975. Over that span aggregate consumption doubled roughly every 25–35 years, equivalent to a long‑run compound growth rate of ~3 % yr‑¹. Per‑capita use climbed even faster in industrialised economies as factories, railways and electric lighting spread.

---

3. 1975 – 2025: The Great Slowdown

3.1 Efficiency & Structural Change

• Oil shocks (1973, 1979) and volatile prices pushed OECD economies to squeeze more GDP from each joule.
• Services displaced heavy industry in rich countries, trimming energy intensity.
• Refrigerators, motors and vehicles became dramatically more efficient.

3.2 Policy & Technology

• The Inflation Reduction Act (U.S.) now layers zero‑emission production credits and technology‑neutral tax incentives on top of existing nuclear PTCs citeturn1search0turn1search2.
• The EU’s Net‑Zero Industry Act aims to streamline siting and finance for “net‑zero technologies”, explicitly naming advanced nuclear citeturn0search1.

3.3 Result

Global primary energy in 2024 stands near 600 EJ (≈ 167 000 TWh)—still growing, but the line has flattened versus the pre‑1975 exponential.

---

4. Population & Per‑Capita Demand

World population tripled between 1950 and today, yet total energy use grew roughly six‑fold. The imbalance reflects rising living standards and electrification. Looking ahead, the UN projects population to plateau near 10.4 billion in the 2080s, but per‑capita demand is poised to climb as the Global South industrialises.

---

5. The Policy Pivot of 2023‑2025

| Region | Signal | Year | Implication | |--------|--------|------|-------------| | COP 28 Declaration | 20+ nations pledge to triple nuclear capacity by 2050 | 2023 | High‑level political cover for rapid nuclear build‑out citeturn0search2 | | Europe | Post‑crisis sentiment shifts; blackout in Iberia re‑opens nuclear debate | 2025 | Spain, Germany, Switzerland and others revisit phase‑outs citeturn0news63 | | United States | TVA submits first SMR construction permit; NRC advances BWRX‑300 review | 2025 | Regulatory pathway for fleet deployment citeturn1search9turn1search1 | | Global Strategy Report | “Six Dimensions for Success” playbook for new nuclear entrants | 2025 | Practical roadmap for emerging economies citeturn0search0 | | U.S. Congress | Proposed cuts to DOE loan office threaten build‑out pace | 2025 | Finance bottleneck remains a risk citeturn1news28 |

---

6. The Catch‑Up Scenario

Suppose the recent 50‑year pause ends in 2025, and total energy demand returns to a midpoint historical doubling period of 12.5 years (the average of the 10–15 year rebound window).

6.1 Consumption Trajectory

| Year | Doublings since 2024 | Demand (TWh) | |------|----------------------|--------------| | 2024 | 0 | 167 000 | | 2037 | 1 | 334 000 | | 2050 | 2 | 668 000 | | 2062 | 3 | 1 336 000 |

(Table ignores efficiency gains from electrification for a conservative, supply‑side sizing.)

---

7. Nuclear‑Only Supply Model

7.1 Reactor Math

• 1 GWᵉ Gen‑4 reactor → 8.76 TWh yr‑¹ at 100 % capacity factor.
• 2062 requirement: 1 336 000 TWh yr‑¹ → ≈ 152 500 reactors in steady state.
• Build rate (2025‑2062, linear deployment):
  152 500 ÷ 38 years ≈ 4 000 reactors per year globally.

(Down from the earlier 5 000 yr‑¹ estimate because the deployment window now stretches 38 years instead of 30.)

7.2 Policy Benchmarks

• COP 28 triple target translates to +780 GW (if baseline 2020 ≈ 390 GW). That is <100 1 GW units per year—two orders of magnitude lower than the theoretical catch‑up requirement, highlighting just how aggressive our thought experiment is.

7.3 Distributed vs Grid‑Centric

Small Modular Reactors (300 MW class) can be sited on retiring coal plants, using existing grid interconnects and cooling, vastly reducing new transmission needs. Ultra‑large “gigawatt corridors” become optional rather than mandatory, though meshed regional grids still improve resilience and market liquidity.

---

8. Challenges & Unknowns

1. Finance: Even with IRA‑style credits, first‑of‑a‑kind Gen‑4 builds carry high cost of capital.
2. Supply Chain: 4 000 reactors a year means a reactor‑grade steel output roughly 20× today’s level.
3. Waste & Public Trust: Advanced reactors can burn actinides, but geologic repositories remain essential.
4. Workforce: Nuclear engineers, welders and regulators are already in short supply.
5. Competing Technologies: Cheap renewables + storage and prospective fusion could displace part of the projected load.

---

9. Conclusions

Recent policy shifts—from Europe’s Net‑Zero Industry Act to the COP 28 nuclear declaration—signal that governments once again see nuclear energy as indispensable to deep decarbonisation. Yet meeting an exponential catch‑up in demand would require deployment rates an order of magnitude beyond today’s commitments, testing manufacturing capacity, finance and political resolve.

Whether the future follows the modest path now embedded in policy or the steeper curve sketched here, two convictions stand out:

• Electrification will dominate new energy demand.
• Scalable, dispatchable low‑carbon generation—likely including large fleets of Gen‑4 fission plants—must fill much of that gap if net‑zero targets are to remain credible.

---

Last updated 1 June 2025.

@ 59cb0748:9602464b

Nostrでお世話になっている方も、お世話になってない方も、こんにちは！

タコ頭大吉です！

NIP-23を使った初めての投稿です。

今回は、私がここ数ヶ月中にデザインをした三種類のビタキセケースの紹介記事になります！！

ビタキセを買ったもののあまり自分の好みに合う外観や仕様のケースがなく、いくつかプロトタイプを作りそれなりに時間をかけて考えたケース達です。

これら３シリーズに関しては、FDMタイプの3Dプリンタの精度、耐久性、出力後の作業性を考慮して一つのパーツで完結することに拘って設計をしました。

一定以上の充填率でプリントをすればそれなりに丈夫なはずです。

また、基本的に放熱性と保護性を両立できるように設計をしたつもります。

それぞれのモデルについて簡単に紹介をさせていただきますので、よろしければ各リポジトリに付属のREADMEを読んでいただいて自作、フィードバックをいただけましたら幸いです。

それでは、簡単に各モデルの紹介をさせていたきます。

---

AirLiftFrame

最初に作ったモデルです！ 少し大きいのが難点ですが、分厚めのフレームをベースとし基盤周辺をあえて囲わない設計により、保護性と放熱を阻害しない事の両立を狙っています。

リポジトリへ

---

TwinAirLiftFrame

ビタキセを買い増ししたことにより、複数台をカッコよく運用したいという需要が自分の中に出てきたので、AirLiftFrameを2つくっつけたら良いのではと言うごくごく単純な発想でつくり始めたケースです。 しかし、ただ横並びにしただけでは廃熱が干渉するだけではなく、DCジャックやUSBポートへのアクセスが阻害されるという問題にすぐに気がつきました。 そこで、WebUI上でディスプレイの表示を上下反転出来ることに注目し、2台を上下逆向きに取り付ける事でそれらの問題を解決しました！

リポジトリへ

---

VoronoiShell

AirLiftFrameシリーズのサイズを小型化する事から始めたプロジョクトです。 縦横の寸法の削減だけではなく、厚みを薄くつくリたいという希望がありました。 所が単純に薄くすると、持った時に発熱する背面パーツに手が触れてしまったり、落下などでぶつかった際に背面パーツが破損する懸念がありました。 そこで、(当初は付けたくはなかった)背面保護用のグリルをデザインする必要が出てきました。 初めは多角形でしたがあまりにもダサく、調べている内にVoronoi柄という有機的なパターンに行き付き即採用しました。 結果、ビタキセを取り付けると柄が見えなくなるのが勿体無いぐらい個性的でスタイリッシュなデザインに仕上がりました。

リポジトリへ

---

いずれカスタム方法やインサートナットや増設ファンの選定方法等を紹介したいのですが、今回はNIP-23になれるという意図もあるので紹介に留めます！ また、他の関連OSハードウェアプロジェクトのケースもデザインできたらと思っております！

今後ともタコ頭をよろしくお願いいたします。

@ 81022b27:2b8d0644

Here’s the thing: authenticity gives off a vibration: There is so little of it anywhere that we crave it. That’s why an orange guy beats someone who doesn’t mean what they say. Because they don’t really believe a guy in a dress is a woman because that’s what they say they are

People feel vibes and hearing someone lie to their face is offensive. They will follow the guy that at least believes what he is

@ 7f6db517:a4931eda

What is KYC/AML?

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

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

Lists of Bitcoiners

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

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

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

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

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

---

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

@ 7f6db517:a4931eda

People forget Bear Stearns failed March 2008 - months of denial followed before the public realized how bad the situation was under the surface.

Similar happening now but much larger scale. They did not fix fundamental issues after 2008 - everything is more fragile.

The Fed preemptively bailed out every bank with their BTFP program and First Republic Bank still failed. The second largest bank failure in history.

There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.

Our President and mainstream financial pundits are currently pretending the banking crisis is over while most banks remain insolvent. There are going to be many more bank failures as this ponzi system unravels.

Unlike 2008, we have the ability to opt out of these broken and corrupt institutions by using bitcoin. Bitcoin held in self custody is unique in its lack of counterparty risk - you do not have to trust a bank or other centralized entity to hold it for you. Bitcoin is also incredibly difficult to change by design since it is not controlled by an individual, company, or government - the supply of dollars will inevitably be inflated to bailout these failing banks but bitcoin supply will remain unchanged. I do not need to convince you that bitcoin provides value - these next few years will convince millions.

---

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

@ ec42c765:328c0600

この記事は前回の内容を把握している人向けに書いています（特にNostrエクステンション（NIP-07）導入）

前回：Nostrのカスタム絵文字の使い方

手順

1. 登録する画像を用意する
2. 画像をweb上にアップロードする
3. 絵文字セットに登録する

1. 登録する画像を用意する

以下のような方法で用意してください。

• 画像編集ソフト等を使って自分で作成する
• 絵文字作成サイトを使う（絵文字ジェネレーター、MEGAMOJI など）
• フリー画像を使う（いらすとや など）

データ量削減

Nostrでは画像をそのまま表示するクライアントが多いので、データ量が大きな画像をそのまま使うとモバイル通信時などに負担がかかります。

データ量を増やさないためにサイズやファイル形式を変更することをおすすめします。

以下は私のおすすめです。 * サイズ：正方形 128×128 ピクセル、長方形 任意の横幅×128 ピクセル * ファイル形式：webp形式（webp変換おすすめサイト toimg） * 単色、単純な画像の場合：png形式（webpにするとむしろサイズが大きくなる）

その他

• 背景透過画像
• ダークモード、ライトモード両方で見やすい色

がおすすめです。

2. 画像をweb上にアップロードする

よく分からなければ emojito からのアップロードで問題ないです。
普段使っている画像アップロード先があるならそれでも構いません。
気になる方はアップロード先を適宜選んでください。

既に投稿されたカスタム絵文字の画像に対して

• 削除も差し替えもできない → emojito など
• 削除できるが差し替えはできない → Gyazo、nostrcheck.meなど
• 削除も差し替えもできる → GitHub 、セルフホスティングなど

これらは既にNostr上に投稿されたカスタム絵文字の画像を後から変更できるかどうかを指します。
どの方法でも新しく使われるカスタム絵文字を変更することは可能です。
同一のカスタム絵文字セットに同一のショートコードで別の画像を登録する形で対応できます。

3. 絵文字セットに登録する

emojito から登録します。

右上のアイコン → + New emoji set から新規の絵文字セットを作成できます。

① 絵文字セット名を入力

基本的にカスタム絵文字はカスタム絵文字セットを作り、ひとまとまりにして登録します。

一度作った絵文字セットに後から絵文字を追加することもできます。

② 画像をアップロードまたは画像URLを入力

emojitoから画像をアップロードする場合、ファイル名に日本語などの2バイト文字が含まれているとアップロードがエラーになるようです。

その場合はファイル名を適当な英数字などに変更してください。

③ 絵文字のショートコードを入力

ショートコードは絵文字を呼び出す時に使用する場合があります。

他のカスタム絵文字と被っても問題ありませんが選択時に複数表示されて支障が出る可能性があります。

他と被りにくく長くなりすぎないショートコードが良いかもしれません。

ショートコードに使えるのは半角の英数字とアンダーバーのみです。

④ 追加

Add を押してもまだ作成完了にはなりません。

一度に絵文字を複数登録できます。

最後に右上の Save を押すと作成完了です。

画面が切り替わるので、右側の Options から Bookmark を選択するとそのカスタム絵文字セットを自分で使えるようになります。

既存の絵文字セットを編集するには Options から Edit を選択します。

以上です。

---

仕様

NIP-30 Custom Emoji

NIP-30 カスタム絵文字（和訳）

@ 9ca447d2:fbf5a36d

CANNES, FRANCE – May 2025 — Bitcoin mining made its mark at the world’s most prestigious film gathering this year as Puerto Rican director and producer Alana Mediavilla introduced her feature documentary Dirty Coin: The Bitcoin Mining Documentary at the Marché du Film during the Cannes Film Festival.

The film puts bitcoin mining at the center of a rising global conversation about energy, technology, and economic freedom.

Dirty Coin is the first feature-length documentary to explore bitcoin mining through immersive, on-the-ground case studies.

From rural towns in the United States to hydro-powered sites in Latin America and the Congo, the film follows miners and communities navigating what may be one of the most misunderstood technologies of our time.

The result is a human-centered look at how bitcoin mining is transforming local economies and energy infrastructure in real ways.

To mark its Cannes debut, Mediavilla and her team hosted a packed industry event that brought together leaders from both film and finance.

Dirty Coin debut ceremony at the Marché du Film

Sponsors Celestial Management, Sangha Renewables, Nordblock, and Paystand.org supported the program, which featured panels on mining, energy use, and decentralized infrastructure.

Attendees had the rare opportunity to engage directly with pioneers in the space. A special session in French led by Seb Gouspillou spotlighted mining efforts in the Congo’s Virunga region.

Dirty Coin builds on Mediavilla’s award-winning short film Stranded, which won over 20 international prizes, including Best Short Documentary at Cannes in 2024.

That success helped lay the foundation for the feature and positioned Mediavilla as one of the boldest new voices in global documentary filmmaking.

Alana Mediavilla speaks at the Marché du Film — Cannes Film Festival

“If we’ve found an industry that can unlock stranded energy and turn it into real power for people—especially in regions with energy poverty—why wouldn’t we look into it?” says Mediavilla. “Our privilege blinds us.

“The same thing we criticize could be the very thing that lifts the developing world to our standard of living. Ignoring that potential is a failure of imagination.”

Much like the decentralized network it explores, Dirty Coin is spreading globally through grassroots momentum.

Local leaders are hosting independent screenings around the world, from Roatán and Berlin to São Paulo and Madrid. Upcoming events include Toronto and Zurich, with more cities joining each month.

Mediavilla, who previously worked in creative leadership roles in the U.S. — including as a producer at Google — returned to Puerto Rico to found Campo Libre, a studio focused on high-caliber, globally relevant storytelling from the Caribbean.

She was also accepted into the Cannes Producers Network, a selective program open only to producers with box office releases in the past four years.

Mediavilla qualified after independently releasing Dirty Coin in theaters across Puerto Rico. Her participation in the network gave her direct access to meetings, insights, and connections with the most active distributors and producers working today.

The film’s next public screening will take place at the Anthem Film Festival in Palm Springs on Saturday, June 14 at 2 PM. Additional screenings and market appearances are planned throughout the year at Bitcoin events and international film platforms.

Dirty Coin at the Cannes Film Festival

Watch the Trailer + Access Press Materials

📂 EPK
🎬 Screener
🌍 Host a Screening

Follow the Movement

Instagram: https://www.instagram.com/dirty_coin_official/
Twitter: https://x.com/DirtyCoinDoc
Website: www.dirtycointhemovie.com

@ 9ca447d2:fbf5a36d

Trump Media & Technology Group (TMTG), the company behind Truth Social and other Trump-branded digital platforms, is planning to raise $2.5 billion to build one of the largest bitcoin treasuries among public companies.

The deal involves the sale of approximately $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

According to the company, the offering is expected to close by the end of May, pending standard closing conditions.

Devin Nunes, CEO of Trump Media, said the investment in bitcoin is a big part of the company’s long-term plan.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said.

“This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”

He added that the bitcoin treasury will be used to create new synergies across the company’s platforms including Truth Social, Truth+, and the upcoming financial tech brand Truth.Fi.

“It’s a big step forward in the company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes said.

The $2.5 billion raise will come from about 50 institutional investors. The $1 billion in convertible notes will have 0% interest and be convertible into shares at a 35% premium.

TMTG’s current liquid assets, including cash and short-term investments, are $759 million as of the end of the first quarter of 2025. With this new funding, the company’s liquid assets will be over $3 billion.

Custody of the bitcoin treasury will be handled by Crypto.com and Anchorage Digital. They will manage and store the digital assets.

Earlier this week The Financial Times reported Trump Media was planning to raise $3 billion for digital assets acquisitions.

The article said the funds would be used to buy bitcoin and other digital assets, and an announcement could come before a major related event in Las Vegas.

Related: Bitcoin 2025 Conference Kicks off in Las Vegas Today

Trump Media denied the FT report. In a statement, the company said, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

There was no further comment. However, the official $2.5 billion figure, which was announced shortly after by Trump Media through a press release, aligns with its actual filing and investor communication.

Trump Media’s official announcement

This comes at a time when the Trump family and political allies are showing renewed interest in Bitcoin.

President Donald Trump who is now back in office since the 2025 election, has said he wants to make the U.S. the “crypto capital of the world.”

Trump Media is also working on retail bitcoin investment products including ETFs aligned with America First policies.

These products will make bitcoin more accessible to retail investors and support pro-Trump financial initiatives.

But not everyone is happy.

Democratic Senator Elizabeth Warren recently expressed concerns about Trump Media’s Bitcoin plans. She asked U.S. regulators to clarify their oversight of digital-asset ETFs, warning of investor risk.

Industry insiders are comparing Trump Media’s plans to Strategy (MSTR) which has built a multi-billion dollar bitcoin treasury over the last year. They used stock and bond sales to fund their bitcoin purchases.

@ 553b8217:e6e84118

The Lightning Network is a revolutionary layer-2 solution built on top of the Bitcoin blockchain, designed to enhance transaction speed, reduce costs, and improve scalability. By integrating with Bitcoin wallets, the Lightning Network significantly improves user experience, making Bitcoin more practical for everyday payments. Here’s how it benefits both wallets and users.

A.Faster Transactions - Traditional Bitcoin transactions can take 10 minutes or more to confirm, especially during network congestion.
- The Lightning Network enables near-instant transactions (often under a second), making Bitcoin wallets ideal for real-time payments like buying coffee or tipping content creators .

B.Lower Fees - On-chain Bitcoin transactions can have high fees during peak times, sometimes exceeding $50.
- Lightning Network transactions cost a fraction of a cent, making micropayments (even as small as a few satoshis) economically viable .

C.Enhanced Scalability - Bitcoin’s base layer processes only 7 transactions per second (TPS),limiting its use for mass adoption.
- The Lightning Network can theoretically handle millions of TPS,allowing wallets to support high-volume transactions without clogging the blockchain .

D. Improved Privacy - On-chain Bitcoin transactions are publicly recorded, exposing user activity.
- Lightning transactions occur off-chain, reducing visibility and enhancing privacy for wallet users .

E. Better User Experience - Lightning-integrated wallets (e.g., Phoenix, Wallet of Satoshi, BlueWallet) automate complex processes like channel management, making it easy for beginners to send/receive Bitcoin instantly .
- Features like Lightning Addresses(e.g., user@wallet.com) simplify payments, replacing long blockchain addresses .

F. New Use Cases - Enables micropayments for streaming services, pay-per-minute content, and gaming.
- Supports cross-border remittances with minimal fees, benefiting unbanked populations .

Therefore By integrating the Lightning Network, Bitcoin wallets become faster, cheaper, and more scalable, unlocking Bitcoin’s potential as a global payment system. Whether for daily spending or innovative financial applications, the Lightning Network is transforming how users interact with Bitcoin wallets.

bitcoin #lightingnetwork #bitcoinwallet #blochchain

@ ec42c765:328c0600

Nostr Advent Calendar 2024 の 12日目の記事です。

昨日の 12/11 は きりの さんの 2024年のNostrリレー運営を振り返る でした。

nostr-zap-view 作った

リポジトリ: https://github.com/Lokuyow/nostr-zap-view/
動作確認ページ: https://lokuyow.github.io/nostr-zap-view/

それ何？

特定の誰かや何かに宛てたZap（投げ銭）を一覧できるやつ
を
自分のWebサイトに設置できるやつ

---

自分のサイトに設置した例 * SNSリンク集ページ（最下部）: https://lokuyow.github.io/
おいくらサッツ（Zap一覧ボタン）: https://osats.money/
今日からビットコ（最下部）: https://lokuyow.github.io/btc-dca-simulator/

なんで作ったの？

私の去年のアドベントカレンダー
【Nostr】Webサイトにビットコインの投げ銭ボタンを設置しよう【Zap】
https://spotlight.soy/detail?article_id=ucd7cbrql/
が前提になってるけど長いので要約すると * ZapするやつはあるけどZap見るやつがないので欲しい * ZapをNostr（の典型的なkind:1クライアント）内だけに留めるのはもったいない * Webサイトの広告うざいからZap（的な何か）で置き換わって欲しい

お前だれ？

非エンジニア、非プログラマー
AIにコード出させてるだけ人

作った感想

できた

作った感想2

完成してから気付いた本当に作りたかったもの
こういうところにそのままZapを表示できる感じにしたい
（ここまでちゃんとした商業ブログでなく）個人のブログやHPの端っこに「Sponsored by」欄があって名前が表示される感じ
もうZapっていう文字もビットコインっていう文字もNostrも出さなくていいし説明もしなくていいのでは感がある
イメージはWebサイトを対象にしたニコニ広告 + スーパーチャット + 祭りとか神社の奉納者一覧

---

で思ったのは
個人からの投げ銭なら推し活的なものにしかならないけど
企業がNostrにアカウントを作ってサイトに投げ銭をしたら企業の広告になるんでは！？
~~企業がNostrにアカウントを！？デリヘルしか見たことない！~~

今後

思いつき、予定は未定
* ボタン→ダイアログ形式でなくバナー、Embed形式にしてページアクセスですぐ見れるようにする * 多分リレーに負荷がかかるのでなんかする * Zapの文字は出さず「Sponsored by」等にする * 単純な最新順でなくする * 少額Zapをトリミング * 一定期間（一か月など）ごとで金額順にソート * 多分リレーに負荷がかかるのでなんかする * 今は投稿宛てのZapをWebサイト宛てのZapと勝手に言い張ってるだけなのでちゃんとWebサイト宛てのZapにする * NIPの提案が必要 * ウォレットの準拠も必要 * リレー（wss://~）宛てのZapもできてほしい

将来

インターネットのすべてに投げ銭をさせろ

---

おわり

明日は mono さんの Open Sats 申請編 です！！

@ 7f6db517:a4931eda

---

"Privacy is necessary for an open society in the electronic age. Privacy is not secrecy.  A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world." - Eric Hughes, A Cypherpunk's Manifesto, 1993

---

Privacy is essential to freedom. Without privacy, individuals are unable to make choices free from surveillance and control. Lack of privacy leads to loss of autonomy. When individuals are constantly monitored it limits our ability to express ourselves and take risks. Any decisions we make can result in negative repercussions from those who surveil us. Without the freedom to make choices, individuals cannot truly be free.

Freedom is essential to acquiring and preserving wealth. When individuals are not free to make choices, restrictions and limitations prevent us from economic opportunities. If we are somehow able to acquire wealth in such an environment, lack of freedom can result in direct asset seizure by governments or other malicious entities. At scale, when freedom is compromised, it leads to widespread economic stagnation and poverty. Protecting freedom is essential to economic prosperity.

The connection between privacy, freedom, and wealth is critical. Without privacy, individuals lose the freedom to make choices free from surveillance and control. While lack of freedom prevents individuals from pursuing economic opportunities and makes wealth preservation nearly impossible. No Privacy? No Freedom. No Freedom? No Wealth.

Rights are not granted. They are taken and defended. Rights are often misunderstood as permission to do something by those holding power. However, if someone can give you something, they can inherently take it from you at will. People throughout history have necessarily fought for basic rights, including privacy and freedom. These rights were not given by those in power, but rather demanded and won through struggle. Even after these rights are won, they must be continually defended to ensure that they are not taken away. Rights are not granted - they are earned through struggle and defended through sacrifice.

---

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

@ 81022b27:2b8d0644

D.D. Palmer was a magnetic healer, a visionary who tapped into the unseen forces of life. He founded chiropractic on the premise that the body’s innate intelligence governs health, and that misalignments—whether called subluxations, blockages, or interferences—disrupt this flow.

This is not a medical concept; it’s a metaphysical one, rooted in the belief that life transcends mere mechanics.

As a profession, we’ve been too concerned with what others think of us, particularly the medical community. In our desperation for acceptance, we’ve diluted our essence.

Some chiropractors advocate abandoning the term “subluxation” because it sounds archaic or unscientific. Personally, I don’t care for the word either—it often leaves my clients’ eyes glazed over. I prefer “blockages” or “interference” to convey the concept in a way that resonates.

But replacing these with medical jargon? That’s a betrayal of our roots.

What we cannot do is conform to a biomedical model that reduces the body to a machine. Chiropractic is not about treating symptoms or mimicking physical therapy. It’s about restoring the body’s connection to its innate wisdom, allowing healing to unfold naturally.

This is our strength, our uniqueness. To abandon it is to board the Titanic just before it sails—a sinking ship of soulless reductionism.

I believe chiropractic needs to embrace its metaphysical heritage boldly. We must stop apologizing for being different and instead educate the public on what we truly offer: a holistic approach that honors the body’s intelligence.

This means refining our language to be clear and relatable without sacrificing our principles. It means training chiropractors to communicate with confidence, not defensiveness. It means building a community that celebrates our philosophy rather than chasing validation from skeptics.

The future of chiropractic lies in authenticity. Let’s stop trying to fit into someone else’s paradigm. We are not medicine’s younger sibling; we are a distinct voice in healthcare. By standing firm in our metaphysical roots, we can inspire a world desperate for holistic solutions. The choice is ours: evolve as a vibrant, principled profession or sink under the weight of conformity. I choose evolution.

@ 7f6db517:a4931eda

---

"Privacy is necessary for an open society in the electronic age. Privacy is not secrecy.  A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world." - Eric Hughes, A Cypherpunk's Manifesto, 1993

---

Privacy is essential to freedom. Without privacy, individuals are unable to make choices free from surveillance and control. Lack of privacy leads to loss of autonomy. When individuals are constantly monitored it limits our ability to express ourselves and take risks. Any decisions we make can result in negative repercussions from those who surveil us. Without the freedom to make choices, individuals cannot truly be free.

Freedom is essential to acquiring and preserving wealth. When individuals are not free to make choices, restrictions and limitations prevent us from economic opportunities. If we are somehow able to acquire wealth in such an environment, lack of freedom can result in direct asset seizure by governments or other malicious entities. At scale, when freedom is compromised, it leads to widespread economic stagnation and poverty. Protecting freedom is essential to economic prosperity.

The connection between privacy, freedom, and wealth is critical. Without privacy, individuals lose the freedom to make choices free from surveillance and control. While lack of freedom prevents individuals from pursuing economic opportunities and makes wealth preservation nearly impossible. No Privacy? No Freedom. No Freedom? No Wealth.

Rights are not granted. They are taken and defended. Rights are often misunderstood as permission to do something by those holding power. However, if someone can give you something, they can inherently take it from you at will. People throughout history have necessarily fought for basic rights, including privacy and freedom. These rights were not given by those in power, but rather demanded and won through struggle. Even after these rights are won, they must be continually defended to ensure that they are not taken away. Rights are not granted - they are earned through struggle and defended through sacrifice.

---

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

@ 7f6db517:a4931eda

Bank run on every crypto bank then bank run on every "real" bank.

— ODELL (@ODELL) December 14, 2022

Good morning.

It looks like PacWest will fail today. It will be both the fifth largest bank failure in US history and the sixth major bank to fail this year. It will likely get purchased by one of the big four banks in a government orchestrated sale.  

March 8th - Silvergate Bank
March 10th - Silicon Valley Bank
March 12th - Signature Bank
March 19th - Credit Suisse
May 1st - First Republic Bank
May 4th - PacWest Bank?

PacWest is the first of many small regional banks that will go under this year. Most will get bought by the big four in gov orchestrated sales. This has been the playbook since 2008. Follow the incentives. Massive consolidation across the banking industry. PacWest gonna be a drop in the bucket compared to what comes next.

First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency network. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.

---

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

@ 7f6db517:a4931eda

People forget Bear Stearns failed March 2008 - months of denial followed before the public realized how bad the situation was under the surface.

Similar happening now but much larger scale. They did not fix fundamental issues after 2008 - everything is more fragile.

The Fed preemptively bailed out every bank with their BTFP program and First Republic Bank still failed. The second largest bank failure in history.

There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.

Our President and mainstream financial pundits are currently pretending the banking crisis is over while most banks remain insolvent. There are going to be many more bank failures as this ponzi system unravels.

Unlike 2008, we have the ability to opt out of these broken and corrupt institutions by using bitcoin. Bitcoin held in self custody is unique in its lack of counterparty risk - you do not have to trust a bank or other centralized entity to hold it for you. Bitcoin is also incredibly difficult to change by design since it is not controlled by an individual, company, or government - the supply of dollars will inevitably be inflated to bailout these failing banks but bitcoin supply will remain unchanged. I do not need to convince you that bitcoin provides value - these next few years will convince millions.

---

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

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

What's new

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

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

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

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

  • For more technical details, see the protocol spec.

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

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

Fixes

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

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• RoboSats v0.7.7-alpha is now available!

NOTE: "This version of clients is not compatible with older versions of coordinators. Coordinators must upgrade first, make sure you don't upgrade your client while this is marked as pre-release."

• This version brings a new and improved coordinators view with reviews signed both by the robot and the coordinator, adds market price sources in coordinator profiles, shows a correct warning for canceling non-taken orders after a payment attempt, adds Uzbek sum currency, and includes package library updates for coordinators.

Source: RoboSats.

• siggy47 is writing daily RoboSats activity reviews on stacker.news. Check them out here.
• Stay up-to-date with RoboSats on Nostr.

What's new

• New coordinators view (see the picture above).
• Available coordinator reviews signed by both the robot and the coordinator.
• Coordinators now display market price sources in their profiles.

Source: RoboSats.

• Fix for wrong message on cancel button when taking an order. Users are now warned if they try to cancel a non taken order after a payment attempt.
• Uzbek sum currency now available.
• For coordinators: library updates.
• Add docker frontend (#1861).
• Add order review token (#1869).
• Add UZS migration (#1875).
• Fixed tests review (#1878).
• Nostr pubkey for Robot (#1887).

New contributors

• @hexlorn made their first contribution in #1858.
• @umk0m1qk made their first contribution in #1864.

Full Changelog: v0.7.6-alpha...v0.7.7-alpha

GitHub Repo

@ 81022b27:2b8d0644

Have you seen the show Poker Face on Peacock streaming? Natasha Lyonne plays a casino worker character who has the ability to tell if someone is telling the truth. If she hears a lie, she automatically says, “Bullshit!”

Her ability gets her in trouble with her boss, who is involved in organized crime, and now she is on the run and solving crimes until they find her again (usually at the end of an episode).

It’s like a rock-and-roll Quantum Leap. Anyway, Christi likes the show because there are crimes and clues, and you have to figure it out. I watch it because I can get into it while I’m messing with my phone or doing a little writing.

Well, I have that same ability to detect BS.

When I work on clients, I connect with their energy. I didn’t start out doing it on purpose; I would start working on a client and pick up whatever they were sick with, and then they would feel great, and I would be left struggling.

Some friends taught me how to protect myself, and it helped, but “my shield” prevented me from connecting with my clients like I used to.

Now I connect with the source of all power in the universe: God. (You can call it whatever you want: Source, Universal Intelligence, Prana, etc.)

I send up a little antenna, and I’m protected AND connected.

When I’m in this state and talking to a client, I can clearly tell when someone is not telling the truth because THE BODY DOES NOT LIE!

Sometimes the cause of a physical issue is an emotional issue. If you can connect to someone’s energy like this, you can find and help clear out whatever is the root cause.

I’ve been telling people this quote for as long as I’ve been practicing:

You can lie to your mom, to your friends, and even to yourself, but you can’t lie to your chiropractor!

A polygraph lie detector only measures four things: heart rate and blood pressure, respiration rate, skin conductivity, and movement.

There are now better lie detectors that use EEGs (brain wave measurements). AI finds that voice analysis is a great way to detect honesty.

What’s better than all of that combined?

You.

Your nervous system can detect much more than all these other methods combined. I will try to teach what I know so far if you’d like.

And don’t forget to watch that show! I recommend it.

live long and prosper 🖖🏼

-Dan

@ 6bcc27d2:b67d296e

yugoです。 この記事は「Nostrasia2024 逆アドベントカレンダー」10/19の分です。Nostrasiaの当日はリアルタイムで配信を視聴していました。Nostrを使ってアプリケーションの再発明をすべきという発表を聴き、自分だったらどんなものを作ってみたいかを考えて少し調べたり試みたりしたのでその記録を書きます。また、超簡単なものですがおそらく世界初となるvisionOS対応のNostrクライアントをつくってみたので最後の方に紹介します。

アプリケーションを再発明する話があったのは、「What is Nostr Other Stuff?」と題したkaijiさんの発表でした。

Nostrプロトコルを使って既存のアプリケーションを再発明することで、ユーザ体験を損なわずにゆるやかな分散を促すことができ、プロトコルとしてのNostrも成長していくというような内容でした。

自分はまだNostrで何かをつくった経験はなかったので、実装に必要な仕様の知識がほとんどない状態からどのようなアプリケーションをつくってみたいかを考えました。

最初に思いついたのは、Scrapboxのようなネットワーク型のナレッジベースです。自分は最近visionOS勉強会をやっており、勉強会でナレッジを共有する手段としてScrapboxの導入を検討していました。

Nostrコミュニティにも有志によるScrapboxがありますが、Nostrクライアントがあればそれを使うだろうから同じくらいの実用性を備えたクライアントはまだ存在しないのではないかという見立てでした。

長文投稿やpublic chatなどの機能を組み合わせることで実現できるだろうか。そう思っていた矢先、NIP-54のWikiという規格があることを知りました。

https://github.com/nostr-protocol/nips/blob/master/54.md

まだちゃんとは読めていないですが、Scrapboxもwikiソフトウェアだし参考になりそうと思っています。正式な仕様に組み込まれていないようで、採用しているクライアントはfiatjafによるリファレンス実装(?)のwikistrくらいしか見つかりませんでした。

Scrapboxのようなナレッジベースを志向するNostrクライアントがあれば、後述するvisionOS対応クライアントの存在もありアカウントを使いまわせて嬉しいので試してみたいです。もし他にも似たようなサービスをどなたか知っていたら教えてください。

また現在は、勉強会やワークショップ、ハッカソンなどのコラボレーションワークを支援するためのツールを自分たちでも開発しています。Apple Vision Proに搭載されているvisionOSというプラットフォームで動作します。

https://image.nostr.build/14f0c1b8fbe5ce7754825c01b09280a4c22f87bbf3c2fa6d60dd724f98919c34.png

この画面で自分が入りたいスペースを選んで共有体験を開始します。

スライドなどのコンテンツや自らのアバターを同期させることで、遠隔地にいてもまるでオフラインかのように同じ空間を共有することが可能になります。

https://image.nostr.build/cfb75d3db2a9b9cd39f502d6426d5ef4f264b3d5d693b6fc9762735d2922b85c.jpg

ということなので、急遽visionOS対応のクライアントを作ってみました。検索しても1つも事例が出てこなかったので多分まだ世界で実装しているアプリはないのではないでしょうか。

とはいえ、クライアントを名乗っているもののまだ大した機能はなく、リレーからデータを取得するだけの読み取り専用です。

https://image.nostr.build/96e088cc6a082528682989ccc12b4312f9cb6277656e491578e32a0851ce50fe.png

画像では自分のプロフィールデータをリレーから取得しています。

まだどのライブラリもvisionOSに対応していなかったりで手こずったものの仕様の勉強になりました。

ただvisionOSアプリはiOSアプリ同様NIP-7が使えないので秘密鍵を自分で保管しなくてはならず、今後どう対処すべきかわかりかねています。これから時間ある時に少しずつ調べていこうと思っていますが、ネイティブアプリの秘密鍵周りはあまりリソースが多くないようにも感じました。もしどなたかその辺の実装に詳しい方いたら教えていただけると嬉しいです。

準備ができたらそのうちコードも公開したいと思っています。

これから少しずつ色んな機能を実装しながらNostrで遊んでいきたいです！

@ 7f6db517:a4931eda

Bank run on every crypto bank then bank run on every "real" bank.

— ODELL (@ODELL) December 14, 2022

Good morning.

It looks like PacWest will fail today. It will be both the fifth largest bank failure in US history and the sixth major bank to fail this year. It will likely get purchased by one of the big four banks in a government orchestrated sale.  

March 8th - Silvergate Bank
March 10th - Silicon Valley Bank
March 12th - Signature Bank
March 19th - Credit Suisse
May 1st - First Republic Bank
May 4th - PacWest Bank?

PacWest is the first of many small regional banks that will go under this year. Most will get bought by the big four in gov orchestrated sales. This has been the playbook since 2008. Follow the incentives. Massive consolidation across the banking industry. PacWest gonna be a drop in the bucket compared to what comes next.

First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency network. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.

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

@ 7f6db517:a4931eda

Nostr is an open communication protocol that can be used to send messages across a distributed set of relays in a censorship resistant and robust way.

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If you missed my nostr introduction post you can find it here. My nostr account can be found here.

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We are nearly at the point that if something interesting is posted on a centralized social platform it will usually be posted by someone to nostr.

We are nearly at the point that if something interesting is posted exclusively to nostr it is cross posted by someone to various centralized social platforms.

We are nearly at the point that you can recommend a cross platform app that users can install and easily onboard without additional guides or resources.

As companies continue to build walls around their centralized platforms nostr posts will be the easiest to cross reference and verify - as companies continue to censor their users nostr is the best censorship resistant alternative - gradually then suddenly nostr will become the standard. 🫡

Current Nostr Stats

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

@ 3bf0c63f:aefa459d

Nostr: a quick introduction, attempt #2

Nostr doesn't subscribe to any ideals of "free speech" as these belong to the realm of politics and assume a big powerful government that enforces a common ruleupon everybody else.

Nostr instead is much simpler, it simply says that servers are private property and establishes a generalized framework for people to connect to all these servers, creating a true free market in the process. In other words, Nostr is the public road that each market participant can use to build their own store or visit others and use their services.

(Of course a road is never truly public, in normal cases it's ran by the government, in this case it relies upon the previous existence of the internet with all its quirks and chaos plus a hand of government control, but none of that matters for this explanation).

More concretely speaking, Nostr is just a set of definitions of the formats of the data that can be passed between participants and their expected order, i.e. messages between clients (i.e. the program that runs on a user computer) and relays (i.e. the program that runs on a publicly accessible computer, a "server", generally with a domain-name associated) over a type of TCP connection (WebSocket) with cryptographic signatures. This is what is called a "protocol" in this context, and upon that simple base multiple kinds of sub-protocols can be added, like a protocol for "public-square style microblogging", "semi-closed group chat" or, I don't know, "recipe sharing and feedback".

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

What's new

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

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

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

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

  • For more technical details, see the protocol spec.

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

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

Fixes

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

Blog Post / Archive
GitHub Repo
CCC Guide
Key Teleport site

@ f4a890ce:af88c4aa

執行摘要

比特幣自橫盤延續，總市值回落至3.24兆美元，成交量下降至591億美元，顯示短線資金趨於觀望。下週操作應聚焦三大關鍵數據：

衍生品市場槓桿與清算動態：觀察永續合約持倉與資金費率變化。若持倉再度攀升且費率轉為大幅正值，多頭風險將升高；同時留意爆倉價格與清算熱力圖，作為短線波動的前瞻指標。

ETF 資金流向：BTC/ETH ETF 流入與流出數據，是機構資金態度的風向標。若下週出現淨流出，將可能引發價格回調壓力；相反，流入維持則有助於支撐高位盤整。

鏈上資金結構與穩定幣規模：持續追蹤交易所餘額與鯨魚地址淨流出情況，評估大額資金動向；同時關注穩定幣總市值變化，若有減少，意味避險情緒抬頭，反之則暗示買盤動力仍持續。

總體而言，市場結構仍偏多，但需警惕「高槓桿＋低流動」可能帶來的瞬間波動。建議保持倉位彈性，讓數據引導調整策略，避免在高位盲目追高。

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加密市場

本週加密貨幣市場總市值維持在 3.26 兆美元 左右，顯示出市場基本面仍具穩定性。與此同時，當週總成交量下降至 546.84 億美元，反映出市場活躍度減弱，投資者交易意願相對謹慎。

https://coinmarketcap.com/charts/

市場情緒方面，恐懼與貪婪指數降至 52，處於中性範疇，表明投資者對市場前景的情緒有所保留。

https://www.coinglass.com/zh-TW/pro/i/FearGreedIndex

此外，相對強弱指標落在中性至超賣區間，暗示部分標地在短線上可能面臨獲利回吐或技術性修正的壓力，而市場尚未進入絕對弱勢狀態。

https://www.coinglass.com/zh-TW/pro/i/RsiHeatMap

山寨幣季節指數維持在 20，這說明市場資金依舊偏向配置於比特幣及其他主流加密貨幣，中小型代幣並未受到市場資金的大量青睞。

https://www.blockchaincenter.net/en/altcoin-season-index/

穩定幣市值上升至 249.938 億美元，反映出部分資金正積極尋求避險，或準備在市場調整後進行潛在的佈局操作。

https://defillama.com/stablecoins

小結

本週加密市場在總市值維持穩定的同時，成交量的下降顯示出交易熱情的不足，加上恐懼與貪婪指數和相對強弱指標均呈現中性偏弱態勢，整體市場情緒趨向保守。山寨幣季節指數的低迷也反映出資金仍偏向主流幣種，而穩定幣市值的提升則表明投資者正在為市場未來調整或出現更具吸引力的價格點做準備。未來，需持續關注資金流向與宏觀經濟動態，以判斷市場後續走勢。

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衍生性商品

槓桿交易需求仍然強勁，本週永續合約持倉規模達 141.68B，雖然較前週有所下降，但仍顯示市場活躍度維持高水準。

https://www.coinglass.com/zh-TW/pro/futures/Cryptofutures

資金費率方面，目前市場呈現 負費率 (-0.0047%)，顯示空方勢力增強，多數交易所的情緒偏向空頭。

https://www.coinglass.com/zh-TW/FundingRate

爆倉數據反映市場波動仍導致大量強制平倉，本週總計空單爆倉達 453.14M，而多單爆倉則達 1267.859M，多頭爆倉金額顯著高於空方，顯示市場對高槓桿多單的清算壓力較大。

其中 6月5日 空單爆倉 88.68M，多單爆倉 875.855M，這一天的市場劇烈波動導致大量強制清算。

https://www.coinglass.com/zh-TW/LiquidationData

清算熱力圖顯示，$106,000 附近 清算金額達 175.11M； $111,000 附近 也有 169.02M 的清算，這些區間可能成為近期市場波動的關鍵點。

https://www.coinglass.com/zh-TW/pro/futures/LiquidationHeatMap

期權市場活躍，投資者在不同價格區間進行對沖與佈局：

$100,000 行權價的看跌期權合約數量達 7.42K，總金額 $25.86M，市場對該區間的防禦仍然較強。

$110,000 行權價的看漲期權合約數量達 13.02K，總金額 $57.61M，顯示市場對上行的預期仍存在，但與上週相比略有下降。

https://www.coinglass.com/zh-TW/pro/options/OIStrike

最大痛點出現在 2025/06/27 的 $100,000，名義金額 12.86B，顯示市場對該區間的交易活動仍較為集中。

https://www.coinglass.com/zh-TW/pro/options/max-pain

小結

本週加密市場顯示槓桿交易活躍度仍然維持高水準，但市場情緒偏向保守，資金費率轉為負值反映空方情緒增強。爆倉數據顯示多頭遭遇較大壓力，投資者在槓桿操作時需謹慎風險管理。期權市場的交易策略仍然分歧，市場在不同行權價格的佈局顯示投資者對後市走勢保持不同預期。建議交易者持續關注市場數據，根據槓桿交易動向調整策略，以降低市場震盪帶來的風險並尋找最佳交易機會。

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ETF

本週，加密貨幣衍生性商品市場出現顯著差異，資金流向呈現兩極化現象。比特幣（BTC）ETF方面，本週出現資金流出，金額達6.161億美元。這一變化顯示投資者對比特幣近期走勢產生疑慮，或在調整資金配置，以應對可能的市場風險和波動加劇。

以太坊（ETH）ETF則呈現資金流入趨勢，本週流入金額達 7,020 萬美元。較之於比特幣的趨勢，這一資金流入暗示出部分投資者對以太坊未來潛力充滿信心，特別是在其技術升級和生態系統發展背景下，認為相較於比特幣，ETH更具備吸引力。

https://coinmarketcap.com/zh-tw/etf/

小結

整體而言，本週加密貨幣衍生性商品市場呈現出明顯的資金流向差異。比特幣ETF大幅流出揭示了市場風險偏好的調整，而以太坊ETF的資金流入則表明投資者對其技術發展及生態系統持續看好。未來，投資人需持續關注宏觀經濟環境與技術創新如何影響各加密貨幣衍生性商品的動態，以便在不確定的市場中做出更合適的資金配置決策。

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鏈上分析 | BTC

二級交易所的比特幣儲備量再次創下斷崖式新低，顯示出市場上的流動性仍在減少。

https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-reserve?exchange=all_exchange&window=DAY&priceScale=log&metricScale=linear&chartStyle=line

地址分布方面，10-100顆比特幣的地址數量持續下降，100-1k、1k-10k及10k以上顆數的地址數量則繼續上升，特別是10k以上地址的數量近期突然激增，顯示大戶的持幣情緒正在加強。

https://cryptoquant.com/community/dashboard/67e2481ba2a7203afd437b31

鯨魚活躍地址數量全數上升，可以得知近期鯨魚們進場的速度逐步加快。

https://cryptoquant.com/community/dashboard/67e2481ba2a7203afd437b31

Exchange Netflow 顯示出近期大額淨流出交易所的情況，這進一步證實了市場上多數投資者偏向長期持有。

https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-netflow-total?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=column

Long Term Holder Supply 持續上升，說明持幣155天以上的長期投資者信心未減。

https://www.bitcoinmagazinepro.com/charts/long-term-holder-supply/

URPD 顯示，104,000 美元以上買入的投資人已有被套跡象，若價格再次回落，將觸及 99,000 美元以下的支撐密集區。

https://charts.bgeometrics.com/distribution_realized_price.html

Short-Term Holder Realized Price 為 97,000 美元，短線若修正，此區間可能提供技術性支撐。

https://www.bitcoinmagazinepro.com/charts/short-term-holder-realized-price/

溢價指數方面，Coinbase 溢價指數衝高至 0.105 以上，韓國溢價指數則維持在 2.52，顯示美韓兩地市場買盤情緒仍然正向，整體鏈上結構支撐比特幣中期續強的可能性。

https://cryptoquant.com/asset/btc/chart/market-data/coinbase-premium-index?window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line

Coinbase Premium Index

https://cryptoquant.com/asset/btc/chart/market-data/korea-premium-index?window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line

Korea Premium Index

小結

本週比特幣鏈上數據顯示多頭格局進一步鞏固，二級交易所儲備量斷崖式下滑至新低，資金持續撤離交易所。

地址分布方面，10–100 BTC 的中小戶數量持續降低，而100–1 k、1 k–10 k及10 k+地址全線上升，尤其10 k+地址近期突增，顯示超級大戶加速佈局；鯨魚活躍地址也全面走高，進場節奏愈發急促。 Exchange Netflow 持續呈現大額淨流出，佐證長線持有趨勢，且 Long‑Term Holder Supply 持續攀升，反映市場偏好長期持有。成本面上，URPD 指標顯示回調後買在104,000美元以上的籌碼深度被套，未來若價格下行將觸及99,000美元以下投資人的成本區。

Short‑Term Holder Realized Price（155天內持幣者平均成本）約97,000美元，此區或成短期支撐，這也恰好和 URPD 指標吻合。

同時，Coinbase 溢價指數維持在0.105以上，韓國溢價指數則穩定於2.52，顯示全球買盤需求穩健。

整體而言，鏈上結構健康，資金流向多為長線建倉，但高位被套壓力與短期成本點仍需密切關注。

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總體經濟

本週加密貨幣市場持續受到宏觀經濟環境的顯著影響。聯邦基金有效利率穩定維持在 4.33%，顯示市場仍處於高利率壓制之下，資金流動性受到明顯限制，這一情勢對風險資產尤其是加密市場構成挑戰。

https://fred.stlouisfed.org/series/FEDFUNDS

隨著 6 月 18 日 FOMC 會議臨近，市場普遍預期當前利率大概率將維持在 4.25%-4.50% 區間。然而，投資者亦將目光轉向 9 月 17 日的下一次會議，該會議上 4.0%-4.25% 區間的降息預期不斷攀升，目前已高達 51.8%，顯示市場對中期內利率調整存在明顯的分歧與期待。這種預期上的轉變，既意味著部分市場參與者看好未來資金回流的可能性，也使投資者對當前高利率環境下資產價格波動更加謹慎。

https://www.cmegroup.com/cn-t/markets/interest-rates/cme-fedwatch-tool.html

消費者物價指數 (CPI) 持續維持在 2.33%，顯示通膨壓力穩定而可控；失業率則保持在 4.2%，反映出勞動市場的基本穩健。雖然這些基本面數據表現平穩，卻難以在高利率與流動性緊縮的背景下對加密貨幣價格形成強而有力的支撐，市場參與者更趨於採取保守的投資策略，尤其在高槓桿交易普遍存在的情況下，風險管理顯得尤為重要。

失業率:https://www.macromicro.me/series/37/unemployment-rate

消費者物價指數（CPI):https://www.macromicro.me/series/128/consumer-price-index-sa-yoy

小結

整體而言，加密市場依舊面臨高利率環境帶來的流動性限制與價格波動風險。雖然短期內市場情緒偏保守，但 9 月 17 日會議上降息預期的上升，或將為未來市場帶來積極轉機。投資者應持續關注 FOMC 會議及最新經濟數據變化，謹慎調整交易策略以應對可能出現的轉機與挑戰。

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新聞

Ripple 的穩定幣 RLUSD 在杜拜獲得批准

https://www.coindesk.com/markets/2025/06/03/ripples-stablecoin-rlusd-gets-stamp-of-approval-in-dubai

MoonPay 在紐約獲得令人垂涎的 BitLicense

https://www.coindesk.com/policy/2025/06/04/moonpay-grabs-coveted-bitlicense-approval-in-new-york

穩定幣正悄悄增強美國國力

https://www.coindesk.com/opinion/2025/06/04/stablecoins-are-quietly-reinforcing-u-s-national-power

韓國選舉加密貨幣友善總統李在明為新總統

https://www.coindesk.com/policy/2025/06/04/south-korea-elects-crypto-friendly-lee-jae-myung-as-new-president

Circle 首次公開募股 (IPO) 定價為每股 31 美元，穩定幣發行人估值為 69 億美元

https://www.coindesk.com/markets/2025/06/04/circle-debuts-on-nyse-at-31-per-share-valuing-stablecoin-issuer-at-62-billion

香港即將允許加密貨幣衍生性商品交易

https://www.coindesk.com/policy/2025/06/05/hong-kong-set-to-allow-crypto-derivatives-trading

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@ 0176967e:1e6f471e

Objavte, ako avatari a pseudonymné identity ovplyvňujú riadenie kryptokomunít a decentralizovaných organizácií (DAOs). V tejto prednáške sa zameriame na praktické fungovanie decentralizovaného rozhodovania, vytváranie a správu avatarových profilov, a ich rolu v online reputačných systémoch. Naučíte sa, ako si vytvoriť efektívny pseudonymný profil, zapojiť sa do rôznych krypto projektov a využiť svoje aktivity na zarábanie kryptomien. Preskúmame aj príklady úspešných projektov a stratégie, ktoré vám pomôžu zorientovať sa a uspieť v dynamickom svete decentralizovaných komunít.

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

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

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

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

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

What's new in v1.3

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

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

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ 0176967e:1e6f471e

Jan Kolčák pochádza zo stredného Slovenska a vystupuje pod umeleckým menom Deepologic. Hudbe sa venuje už viac než 10 rokov. Začínal ako DJ, ktorý s obľubou mixoval klubovú hudbu v štýloch deep-tech a afrohouse. Stále ho ťahalo tvoriť vlastnú hudbu, a preto sa začal vzdelávať v oblasti tvorby elektronickej hudby. Nakoniec vydal svoje prvé EP s názvom "Rezonancie". Učenie je pre neho celoživotný proces, a preto sa neustále zdokonaľuje v oblasti zvuku a kompozície, aby jeho skladby boli kvalitné na posluch aj v klube.

V roku 2023 si založil vlastnú značku EarsDeep Records, kde dáva príležitosť začínajúcim producentom. Jeho značku podporujú aj etablované mená slovenskej alternatívnej elektronickej scény. Jeho prioritou je sloboda a neškatulkovanie. Ako sa hovorí v jednej klasickej deephouseovej skladbe: "We are all equal in the house of deep." So slobodou ide ruka v ruke aj láska k novým technológiám, Bitcoinu a schopnosť udržať si v digitálnom svete prehľad, odstup a anonymitu.

V súčasnosti ďalej produkuje vlastnú hudbu, venuje sa DJingu a vedie podcast, kde zverejňuje svoje mixované sety. Na Lunarpunk festivale bude hrať DJ set tvorený vlastnou produkciou, ale aj skladby, ktoré sú blízke jeho srdcu.

Podcast Bandcamp Punk Nostr website alebo nprofile1qythwumn8ghj7un9d3shjtnwdaehgu3wvfskuep0qy88wumn8ghj7mn0wvhxcmmv9uq3xamnwvaz7tmsw4e8qmr9wpskwtn9wvhsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0qyg8wumn8ghj7mn0wd68ytnddakj7qghwaehxw309aex2mrp0yh8qunfd4skctnwv46z7qpqguvns4ld8k2f3sugel055w7eq8zeewq7mp6w2stpnt6j75z60z3swy7h05

@ 8d34bd24:414be32b

Last post, I touched on the subject of what do you say to those going through trials and tribulations, but as I read Job, it seemed like there was more to say on the subject of how Christians are to respond to those who are suffering. The original passage of inspiration was this.

Don’t Be A Miserable Comforter

Then Job answered,

“I have heard many such things;\ Sorry comforters are you all.\ Is there no limit to windy words?\ Or what plagues you that you answer?\ I too could speak like you,\ If I were in your place.\ I could compose words against you\ And shake my head at you.\ I could strengthen you with my mouth,\ And the solace of my lips could lessen your pain. (Job 16:1-5)

Job was suffering. His friends came with the intention of comforting Job. Job vented his frustrations and problems understanding God’s justice. His friends tried to correct Job’s honest questions. These corrections escalated to the point of accusing Job of heinous sins and saying that everything that had happened to Job was his fault.

Job rightly said, “If I were in your place, I could compose words against you, and shake my head at you.” Sometimes we have to show mercy while a person is working through their feelings and confusion. Although some hardships are the consequences or punishment for sins, many (probably most) are not. We, as Christians, are promised trials. We should not be surprised when we go through trials.

Job also compares two ways of responding to a fellow believer going through trials. He says, “I could strengthen you with my mouth, and the solace of my lips could lessen your pain.” We can use our words to encourage and strengthen those who are suffering.

He also accuses his visitors of “Sorry comforters are you all. Is there no limit to windy words?” This reminds me of a traditional saying, “If you can’t say anything nice, don’t say anything at all.” Some of us want to fix everything. Sometimes we need to just listen. We don’t have to speak an answer for everything. In these uncomfortable situations, it is easy to start with a brief, Biblical answer, but then to start filling the silence with our own words to fill the silence. This can harm of everyone.

Job’s friends initial comments were not bad and were mostly true, but the more they talked, the more they went off track and the more harm they did. We want to lessen their pain, not be sorry comforters.

Of course this doesn’t mean that we can’t share God’s word. It doesn’t mean we can’t acknowledge obvious sins that are known by all parties. It does mean that all words should be an encouragement to lead them into closer fellowship with God.

Job again comments about his friends.

Even now, behold, my witness is in heaven,\ **And my advocate is on high.\ My friends are my scoffers;\ My eye weeps to God.\ O that a man might plead with God\ As a man with his neighbor!\ For when a few years are past,\ I shall go the way of no return. (Job 16:19-22) {emphasis mine}

Job, being a godly man, puts his trust in God. Notice the pattern: God, friends, God.

And my advocate is on high.\ My friends are my scoffers;\ My eye weeps to God.

Despite the scoffing and harm done by his friends, he keeps his eye on God as his advocate and the one he turns to in sorrow. In the case of Job, he is able to lean on God despite the harm done by his friends. Those will lesser faith might have been pushed away from God by his friends words.

Love One Another

In the New Testament, we are told:

“A new commandment I give to you, that you love one another, even as I have loved you, that you also love one another. By this all men will know that you are My disciples, if you have love for one another.” (John 13:34-35)

Our every word and action should be loving. That doesn’t mean ignoring sin, but it does mean every word and action should be used to draw a person into closer relationship with their God and Savior. In the case of a person who is sinning, Jesus set a perfect example.

The scribes and the Pharisees brought a woman caught in adultery, and having set her in the center of the court, they*said to Him, “Teacher, this woman has been caught in adultery, in the very act. Now in the Law Moses commanded us to stone such women; what then do You say?” They were saying this, testing Him, so that they might have grounds for accusing Him. But Jesus stooped down and with His finger wrote on the ground. But when they persisted in asking Him, He straightened up, and said to them, “He who is without sin among you, let him be the first to throw a stone at her.” Again He stooped down and wrote on the ground. When they heard it, they began to go out one by one, beginning with the older ones, and He was left alone, and the woman, where she was, in the center of the court. Straightening up, Jesus said to her, “Woman, where are they? Did no one condemn you?” She said, “No one, Lord.” And Jesus said, “I do not condemn you, either. Go. From now on sin no more.” (John 8:3-11)

What did Jesus do:

1. He protected the accused from those trying to use, abuse, and torment her.

2. He did not deny her sin, but encouraged her accusers to acknowledge their own sins.

3. He encouraged her to “sin no more.”

This woman knew she had sinned. She did not need to be reminded of it. She didn’t deny it; she knew. Because she and everyone else knew her sin, there was no need to bring it up again. Jesus used this situation to help her accusers understand their own sin and to lead her into repentance and salvation. The gentle correction was used to lead her to a better way.

When we speak to someone in trials, whether self-inflicted, externally caused, or a standard trial common to all men, our goal should be to uplift and draw to Jesus. We should have mercy on the suffering and not add to their suffering.

No matter the case, we need to carefully use our words for love and mercy.

Beloved, let us love one another, for love is from God; and everyone who loves is born of God and knows God. The one who does not love does not know God, for God is love. By this the love of God was manifested in us, that God has sent His only begotten Son into the world so that we might live through Him. In this is love, not that we loved God, but that He loved us and sent His Son to be the propitiation for our sins. Beloved, if God so loved us, we also ought to love one another. (1 John 4:7-11)

Dealing With Sin & Repentance

In 1 & 2 Corinthians, Paul deals with a situation of extreme sin. In 1 Corinthians he rebukes the church for allowing this heinous sin within their church body.

It is actually reported that there is immorality among you, and immorality of such a kind as does not exist even among the Gentiles, that someone has his father’s wife. You have become arrogant and have not mourned instead, so that the one who had done this deed would be removed from your midst.

For I, on my part, though absent in body but present in spirit, have already judged him who has so committed this, as though I were present. In the name of our Lord Jesus, when you are assembled, and I with you in spirit, with the power of our Lord Jesus, I have decided to deliver such a one to Satan for the destruction of his flesh, so that his spirit may be saved in the day of the Lord Jesus. (1 Corinthians 5:1-5) {emphasis mine}

This unrepentant sin could not be allowed to remain in the body because it could spread among God’s people and because it harmed God’s glory. At the same time, the motivation for removing him from the body was not to remove him from a relationship with God. It was to cause consequences in the hopes that the man would return to Jesus.

In 2 Corinthians, we find that he does repent of his son and seek to come back into the fellowship of believers.

For out of much affliction and anguish of heart I wrote to you with many tears; not so that you would be made sorrowful, but that you might know the love which I have especially for you.

But if any has caused sorrow, he has caused sorrow not to me, but in some degree—in order not to say too much—to all of you. Sufficient for such a one is this punishment which was inflicted by the majority, so that on the contrary you should rather forgive and comfort him, otherwise such a one might be overwhelmed by excessive sorrow. Wherefore I urge you to reaffirm your love for him. For to this end also I wrote, so that I might put you to the test, whether you are obedient in all things. But one whom you forgive anything, I forgive also; for indeed what I have forgiven, if I have forgiven anything, I did it for your sakes in the presence of Christ, so that no advantage would be taken of us by Satan, for we are not ignorant of his schemes. (2 Corinthians 2:4-11) {emphasis mine}

Once a sinner repents, we are to immediately forgive and comfort them and welcome them back into the fellowship of believers. We are not to remind them of their previous sins and overwhelm them with excessive sorrow, but are to reaffirm our love for them. Any punishment was for correction, not to harm or cause them pain. We should seek the good of those who sinned. We should welcome them back with open arms. We should forgive as we were forgiven by God.

All of our words and actions toward others, whether the most godly saint or the most reprehensible sinner, should be to the goal of drawing them closer to the Savior and helping them to trust in God’s goodness, wisdom, and strength.

May the God of Heaven carry your burdens and help you to help carry the burdens of those around you. May Our Savior help us to be a godly encouragement to the suffering who draws them into closer fellowship with the Savior. May the Holy Spirt give us discernment in how to best encourage the suffering and to help them rest in Jesus.

Trust Jesus

@ dfa02707:41ca50e3

Good morning (good night?)! The No Bullshit Bitcoin news feed is now available on Moody's Dashboard! A huge shoutout to sir Clark Moody for integrating our feed.

Headlines

• Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.

• The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
• Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
• Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.

• The Bank for International Settlements (BIS) wants to contain 'crypto' risks. A report titled "Cryptocurrencies and Decentralised Finance: Functions and Financial Stability Implications" calls for expanding research into "how new forms of central bank money, capital controls, and taxation policies can counter the risks of widespread crypto adoption while still fostering technological innovation."
• "Global Implications of Scam Centres, Underground Banking, and Illicit Online Marketplaces in Southeast Asia." According to the United Nations Office on Drugs and Crime (UNODC) report, criminal organizations from East and Southeast Asia are swiftly extending their global reach. These groups are moving beyond traditional scams and trafficking, creating sophisticated online networks that include unlicensed cryptocurrency exchanges, encrypted communication platforms, and stablecoins, fueling a massive fraud economy on an industrial scale.
• Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
• Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.

"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.

• Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.

Use the tools

• Bitcoin Safe v1.2.3 expands QR SignMessage compatibility for all QR-UR-compatible hardware signers (SpecterDIY, KeyStone, Passport, Jade; already supported COLDCARD Q). It also adds the ability to import wallets via QR, ensuring compatibility with Keystone's latest firmware (2.0.6), alongside other improvements.
• Minibits v0.2.2-beta, an ecash wallet for Android devices, packages many changes to align the project with the planned iOS app release. New features and improvements include the ability to lock ecash to a receiver's pubkey, faster confirmations of ecash minting and payments thanks to WebSockets, UI-related fixes, and more.
• Zeus v0.11.0-alpha1 introduces Cashu wallets tied to embedded LND wallets. Navigate to Settings > Ecash to enable it. Other wallet types can still sweep funds from Cashu tokens. Zeus Pay now supports Cashu address types in Zaplocker, Cashu, and NWC modes.
• LNDg v1.10.0, an advanced web interface designed for analyzing Lightning Network Daemon (LND) data and automating node management tasks, introduces performance improvements, adds a new metrics page for unprofitable and stuck channels, and displays warnings for batch openings. The Profit and Loss Chart has been updated to include on-chain costs. Advanced settings have been added for users who would like their channel database size to be read remotely (the default remains local). Additionally, the AutoFees tool now uses aggregated pubkey metrics for multiple channels with the same peer.
• Nunchuk Desktop v1.9.45 release brings the latest bug fixes and improvements.
• Blockstream Green iOS v4.1.8 has renamed L-BTC to LBTC, and improves translations of notifications, login time, and background payments.
• Blockstream Green Android v4.1.8 has added language preference in App Settings and enables an Android data backup option for disaster recovery. Additionally, it fixes issues with Jade entry point PIN timeout and Trezor passphrase input.
• Torq v2.2.2, an advanced Lightning node management software designed to handle large nodes with over 1000 channels, fixes bugs that caused channel balance to not be updated in some cases and channel "peer total local balance" not getting updated.
• Stack Wallet v2.1.12, a multicoin wallet by Cypher Stack, fixes an issue with Xelis introduced in the latest release for Windows.
• ESP-Miner-NerdQAxePlus v1.0.29.1, a forked version from the NerdAxe miner that was modified for use on the NerdQAxe+, is now available.
• Zark enables sending sats to an npub using Bark.

• Erk is a novel variation of the Ark protocol that completely removes the need for user interactivity in rounds, addressing one of Ark's key limitations: the requirement for users to come online before their VTXOs expire.
• Aegis v0.1.1 is now available. It is a Nostr event signer app for iOS devices.
• Nostash is a NIP-07 Nostr signing extension for Safari. It is a fork of Nostore and is maintained by Terry Yiu. Available on iOS TestFlight.
• Amber v3.2.8, a Nostr event signer for Android, delivers the latest fixes and improvements.
• Nostur v1.20.0, a Nostr client for iOS, adds

@ dfa02707:41ca50e3

Contribute to keep No Bullshit Bitcoin news going.

• RoboSats v0.7.7-alpha is now available!

NOTE: "This version of clients is not compatible with older versions of coordinators. Coordinators must upgrade first, make sure you don't upgrade your client while this is marked as pre-release."

• This version brings a new and improved coordinators view with reviews signed both by the robot and the coordinator, adds market price sources in coordinator profiles, shows a correct warning for canceling non-taken orders after a payment attempt, adds Uzbek sum currency, and includes package library updates for coordinators.

Source: RoboSats.

• siggy47 is writing daily RoboSats activity reviews on stacker.news. Check them out here.
• Stay up-to-date with RoboSats on Nostr.

What's new

• New coordinators view (see the picture above).
• Available coordinator reviews signed by both the robot and the coordinator.
• Coordinators now display market price sources in their profiles.

Source: RoboSats.

• Fix for wrong message on cancel button when taking an order. Users are now warned if they try to cancel a non taken order after a payment attempt.
• Uzbek sum currency now available.
• For coordinators: library updates.
• Add docker frontend (#1861).
• Add order review token (#1869).
• Add UZS migration (#1875).
• Fixed tests review (#1878).
• Nostr pubkey for Robot (#1887).

New contributors

• @hexlorn made their first contribution in #1858.
• @umk0m1qk made their first contribution in #1864.

Full Changelog: v0.7.6-alpha...v0.7.7-alpha

GitHub Repo

@ 318ebaba:9a262eae

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@ b1ddb4d7:471244e7

“Not your keys, not your coins” isn’t a slogan—it’s a survival mantra in the age of digital sovereignty.

The seismic collapses of Mt. Gox (2014) and FTX (2022) weren’t anomalies; they were wake-up calls. When $8.7 billion in customer funds vanished with FTX, it exposed the fatal flaw of third-party custody: your bitcoin is only as secure as your custodian’s weakest link.

Yet today, As of early 2025, analysts estimate that between 2.3 million and 3.7 million Bitcoins are permanently lost, representing approximately 11–18% of bitcoin’s fixed maximum supply of 21 million coins, with some reports suggesting losses as high as 4 million BTC. This paradox reveals a critical truth: self-custody isn’t just preferable—it’s essential—but it must be done right.

The Custody Spectrum

Custodial Wallets (The Illusion of Control)

• Rehypothecation Risk: Most platforms lend your bitcoin for yield generation. When Celsius collapsed, users discovered their “held” bitcoin was loaned out in risky strategies.
• Account Freezes: Regulatory actions can lock withdrawals overnight. In 2023, Binance suspended dollar withdrawals for U.S. users citing “partner bank issues,” trapping funds for weeks.
• Data Vulnerability: KYC requirements create honeypots for hackers. The 2024 Ledger breach exposed 270,000 users’ personal data despite hardware security.

True Self-Custody
Self-custody means exclusively controlling your private keys—the cryptographic strings that prove bitcoin ownership. Unlike banks or exchanges, self-custody eliminates:

• Counterparty risk (no FTX-style implosions)
• Censorship (no blocked transactions)
• Inflationary theft (no fractional reserve lending)

Conquering the Three Great Fears of Self-Custody

Fear 1: “I’ll Lose Everything If I Make a Mistake”

Reality: Human error is manageable with robust systems:

• Test Transactions: Always send a micro-amount (0.00001 BTC) before large transfers. Verify receipt AND ability to send back.
• Multi-Backup Protocol: Store seed phrases on fireproof/waterproof steel plates (not paper!). Distribute copies geographically—one in a home safe, another with trusted family 100+ miles away.
• SLIP39 Sharding: Split your seed into fragments requiring 3-of-5 shards to reconstruct. No single point of failure.

Fear 2: “Hackers Will Steal My Keys”

Reality: Offline storage defeats remote attacks:

• Hardware Wallets: Devices like Bitkey or Ledger keep keys in “cold storage”—isolated from internet-connected devices. Transactions require physical confirmation.
• Multisig Vaults: Bitvault’s multi-sig system requires attackers compromise multiple locations/devices simultaneously. Even losing two keys won’t forfeit funds.
• Air-Gapped Verification: Use dedicated offline devices for wallet setup. Never type seeds on internet-connected machines.

Fear 3: “My Family Can’t Access It If I Die”

Reality: Inheritance is solvable:

• Dead Man Switches: Bitwarden’s emergency access allows trusted contacts to retrieve encrypted keys after a pre-set waiting period (e.g., 30 days).
• Inheritance Protocols: Bitkey’s inheritance solution shares decryption keys via designated beneficiaries’ emails. Requires multiple approvals to prevent abuse.
• Public Key Registries: Share wallet XPUBs (not private keys!) with heirs. They can monitor balances but not spend, ensuring transparency without risk.

The Freedom Dividend

1. Censorship Resistance: Send $10M BTC to a Wikileaks wallet without Visa/Mastercard blocking it.
2. Privacy Preservation: Avoid KYC surveillance—non-custodial wallets like Flash require zero ID verification.
3. Protocol Access: Participate in bitcoin-native innovations (Lightning Network, DLCs) only possible with self-custodied keys.
4. Black Swan Immunity: When Cyprus-style bank bailins happen, your bitcoin remains untouched in your vault.

The Sovereign’s Checklist

1. Withdraw from Exchanges: Move all BTC > $1,000 to self-custody immediately.
2. Buy Hardware Wallet: Purchase DIRECTLY from manufacturer (no Amazon!) to avoid supply-chain tampering.
3. Generate Seed OFFLINE: Use air-gapped device, write phrase on steel—never digitally.
4. Test Recovery: Delete wallet, restore from seed before funding.
5. Implement Multisig: For > $75k, use Bitvault for 2-of-3 multi-sig setup.
6. Create Inheritance Plan: Share XPUBs/SLIP39 shards with heirs + legal documents.

“Self-custody isn’t about avoiding risk—it’s about transferring risk from opaque institutions to transparent, controllable systems you design.”

The Inevitable Evolution: Custody Without Compromise

Emerging solutions are erasing old tradeoffs:

• MPC Wallets: Services like Xapo Bank shatter keys into encrypted fragments distributed globally. No single device holds full keys, defeating physical theft.
• Social Recovery: Ethically designed networks (e.g., Bitkey) let trusted contacts restore access without custodial control.
• Biometric Assurance: Fingerprint reset protocols prevent lockouts from physical injuries.

Lost keys = lost bitcoin. But consider the alternative: entrusting your life savings to entities with proven 8% annual failure rates among exchanges. Self-custody shifts responsibility from hoping institutions won’t fail to knowing your system can’t fail without your consent.

Take action today: Move one coin. Test one recovery. Share one xpub. The path to unchained wealth begins with a single satoshi under your control.

@ 0176967e:1e6f471e

Workshop je zameraný pre všetkých, ktorí sa potýkajú s vysvetľovaním Bitcoinu svojej rodine, kamarátom, partnerom alebo kolegom. Pri námietkach z druhej strany väčšinou ideme do protiútoku a snažíme sa vytiahnuť tie najlepšie argumenty. Na tomto workshope vás naučím nový prístup k zvládaniu námietok a vyskúšate si ho aj v praxi. Know-how je aplikovateľné nie len na komunikáciu Bitcoinu ale aj pre zlepšenie vzťahov, pri výchove detí a celkovo pre lepší osobný život.

@ 0176967e:1e6f471e

Ak ste v Bitcoine už nejaký ten rok, možno máte pocit, že už všetkému rozumiete a že vás nič neprekvapí. Viete čo je to peňaženka, čo je to seed a čo adresa, možno dokonca aj čo je to sha256. Ste si istí? Táto prednáška sa vám to pokúsi vyvrátiť. 🙂

@ 0176967e:1e6f471e

Bojovať s rakovinou metabolickou metódou znamená použiť metabolizmus tela proti rakovine. Riadenie cukru a ketónov v krvi stravou a pohybom, časovanie rôznych typov cvičení, včasná kombinácia klasickej onko-liečby a hladovania. Ktoré vitamíny a suplementy prijímam a ktorým sa napríklad vyhýbam dajúc na rady mojej dietologičky z USA Miriam (ktorá sa špecializuje na rakovinu).

Hovori sa, že čo nemeriame, neriadime ... Ja som meral, veľa a dlho ... aj grafy budú ... aj sranda bude, hádam ... 😉

@ dfa02707:41ca50e3

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

• Upcoming updates for Bitcoin Safe include Compact Block Filters.

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

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

What's new in v1.3

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

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

Announcement / Archive
Blog Post / Archive
GitHub Repo
Website

@ f85b9c2c:d190bcff

To understand the value of a cryptocurrency, it’s vital to know how many coins are currently in circulation and at what price they’re being sold. Market capitalization of coins are calculated by multiplying the number of coins in circulation with their current market selling rate per coin.

What is Market Capitalization? Market capitalization is the total dollar value of all shares in a company. For Bitcoin or another cryptocurrency it’s calculated by multiplying a total number of coins mined by their current price at that particular time. The market cap is a great way to measure an asset’s stability. The larger it gets, the less likely you’ll have any fluctuations in pricing because more people are using this currency. This means that its price will remain consistent over time no matter what happens with the markets.

Why is a Market Cap Necessary? Cryptocurrencies are collected and catalogued by market cap which helps investors better understand their value. This statistic can indicate if a cryptocurrency is safe to buy or sell compared with others in the industry — it may also provide an idea of what kind of growth potential they have ahead.

What Can You Do With the Market Cap? It’s essential for crypto enthusiasts like yourself to keep track of what kind of project might be worth investing in.

Cryptocurrencies are divided into three categories based on their market cap: 1.Large-cap Cryptocurrencies Large-cap cryptocurrencies are considered lower-risk investments because they’ve demonstrated growth and high liquidity. This means that even if many people sell their investment, its value won’t decrease too much.

2.Mid-cap Cryptocurrencies Mid-cap cryptocurrencies have a lot of potential but are also riskier than large-cap coins.

3.Small-cap Cryptocurrencies Small-cap cryptocurrencies could be your best bet for those looking to invest in a more volatile market with the potential for greater returns.

Last thoughts Even though cryptocurrency market caps allow for an easy way to compare the values of different coins you should consider all factors when investing in any project. You can’t just go into cryptocurrency investing without doing your research. It would help if you looked at each coin’s market trends and stability and whether it’s right for you financially.

@ 0176967e:1e6f471e

Predikčné trhy predstavujú praktický spôsob, ako môžeme nahliadnuť do budúcnosti bez nutnosti spoliehať sa na tradičné, často nepresné metódy, ako je veštenie z kávových zrniek. V prezentácii sa ponoríme do histórie a vývoja predikčných trhov, a popíšeme aký vplyv mali a majú na dostupnosť a kvalitu informácií pre širokú verejnosť, a ako menia trh s týmito informáciami. Pozrieme sa aj na to, ako tieto trhy umožňujú obyčajným ľuďom prístup k spoľahlivým predpovediam a ako môžu prispieť k lepšiemu rozhodovaniu v rôznych oblastiach života.

@ 1bc70a01:24f6a411

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@ 8bad92c3:ca714aa5

Key Takeaways

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

Best Quotes

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

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

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

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

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

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

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

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

“Only a whale can be magnificent.”

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

Conclusion

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

Timestamps

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

Transcript

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

@ 2b998b04:86727e47

This is my first test -- I'm writing a blog post (using primal long form post) on nostr once and using github actions to fetch and store article as a static page on github pages to be used in a website (blog.stantonweb.com) and potentially other places.

@ dfa02707:41ca50e3

Good morning (good night?)! The No Bullshit Bitcoin news feed is now available on Moody's Dashboard! A huge shoutout to sir Clark Moody for integrating our feed.

Headlines

• Spiral welcomes Ben Carman. The developer will work on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.

• The Bitcoin Dev Kit Foundation announced new corporate members for 2025, including AnchorWatch, CleanSpark, and Proton Foundation. The annual dues from these corporate members fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
• Strategy increases Bitcoin holdings to 538,200 BTC. In the latest purchase, the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
• Spar supermarket experiments with Bitcoin payments in Zug, Switzerland. The store has introduced a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.

• The Bank for International Settlements (BIS) wants to contain 'crypto' risks. A report titled "Cryptocurrencies and Decentralised Finance: Functions and Financial Stability Implications" calls for expanding research into "how new forms of central bank money, capital controls, and taxation policies can counter the risks of widespread crypto adoption while still fostering technological innovation."
• "Global Implications of Scam Centres, Underground Banking, and Illicit Online Marketplaces in Southeast Asia." According to the United Nations Office on Drugs and Crime (UNODC) report, criminal organizations from East and Southeast Asia are swiftly extending their global reach. These groups are moving beyond traditional scams and trafficking, creating sophisticated online networks that include unlicensed cryptocurrency exchanges, encrypted communication platforms, and stablecoins, fueling a massive fraud economy on an industrial scale.
• Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals. The Ministry of Finance has proposed legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
• Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses. According to a report in The Wall Street Journal, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.

"Established banks, like Bank of America, are hoping to amend the current drafts of [stablecoin] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter told The Block.

• Charles Schwab to launch spot Bitcoin trading by 2026. The financial investment firm, managing over $10 trillion in assets, has revealed plans to introduce spot Bitcoin trading for its clients within the next year.

Use the tools

• Bitcoin Safe v1.2.3 expands QR SignMessage compatibility for all QR-UR-compatible hardware signers (SpecterDIY, KeyStone, Passport, Jade; already supported COLDCARD Q). It also adds the ability to import wallets via QR, ensuring compatibility with Keystone's latest firmware (2.0.6), alongside other improvements.
• Minibits v0.2.2-beta, an ecash wallet for Android devices, packages many changes to align the project with the planned iOS app release. New features and improvements include the ability to lock ecash to a receiver's pubkey, faster confirmations of ecash minting and payments thanks to WebSockets, UI-related fixes, and more.
• Zeus v0.11.0-alpha1 introduces Cashu wallets tied to embedded LND wallets. Navigate to Settings > Ecash to enable it. Other wallet types can still sweep funds from Cashu tokens. Zeus Pay now supports Cashu address types in Zaplocker, Cashu, and NWC modes.
• LNDg v1.10.0, an advanced web interface designed for analyzing Lightning Network Daemon (LND) data and automating node management tasks, introduces performance improvements, adds a new metrics page for unprofitable and stuck channels, and displays warnings for batch openings. The Profit and Loss Chart has been updated to include on-chain costs. Advanced settings have been added for users who would like their channel database size to be read remotely (the default remains local). Additionally, the AutoFees tool now uses aggregated pubkey metrics for multiple channels with the same peer.
• Nunchuk Desktop v1.9.45 release brings the latest bug fixes and improvements.
• Blockstream Green iOS v4.1.8 has renamed L-BTC to LBTC, and improves translations of notifications, login time, and background payments.
• Blockstream Green Android v4.1.8 has added language preference in App Settings and enables an Android data backup option for disaster recovery. Additionally, it fixes issues with Jade entry point PIN timeout and Trezor passphrase input.
• Torq v2.2.2, an advanced Lightning node management software designed to handle large nodes with over 1000 channels, fixes bugs that caused channel balance to not be updated in some cases and channel "peer total local balance" not getting updated.
• Stack Wallet v2.1.12, a multicoin wallet by Cypher Stack, fixes an issue with Xelis introduced in the latest release for Windows.
• ESP-Miner-NerdQAxePlus v1.0.29.1, a forked version from the NerdAxe miner that was modified for use on the NerdQAxe+, is now available.
• Zark enables sending sats to an npub using Bark.

• Erk is a novel variation of the Ark protocol that completely removes the need for user interactivity in rounds, addressing one of Ark's key limitations: the requirement for users to come online before their VTXOs expire.
• Aegis v0.1.1 is now available. It is a Nostr event signer app for iOS devices.
• Nostash is a NIP-07 Nostr signing extension for Safari. It is a fork of Nostore and is maintained by Terry Yiu. Available on iOS TestFlight.
• Amber v3.2.8, a Nostr event signer for Android, delivers the latest fixes and improvements.
• Nostur v1.20.0, a Nostr client for iOS, adds

@ b7274d28:c99628cb

In this second installment of The Android Elite Setup tutorial series, we will cover installing the nostr:npub10r8xl2njyepcw2zwv3a6dyufj4e4ajx86hz6v4ehu4gnpupxxp7stjt2p8 on your #Android device and browsing for apps you may be interested in trying out.

Since the #Zapstore is a direct competitor to the Google Play Store, you're not going to be able to find and install it from there like you may be used to with other apps. Instead, you will need to install it directly from the developer's GitHub page. This is not a complicated process, but it is outside the normal flow of searching on the Play Store, tapping install, and you're done.

Installation

From any web browser on your Android phone, navigate to the Zapstore GitHub Releases page and the most recent version will be listed at the top of the page. The .apk file for you to download and install will be listed in the "Assets."

Tap the .apk to download it, and you should get a notification when the download has completed, with a prompt to open the file.

You will likely be presented with a prompt warning you that your phone currently isn't allowed to install applications from "unknown sources." Anywhere other than the Play Store is considered an "unknown source" by default. However, you can manually allow installation from unknown sources in the settings, which the prompt gives you the option to do.

In the settings page that opens, toggle it to allow installation from this source, and you should be prompted to install the application. If you aren't, simply go to your web browser's downloads and tap on the .apk file again, or go into your file browser app and you should find the .apk in your Downloads folder.

If the application doesn't open automatically after install, you will find it in your app drawer.

Home Page

Right at the top of the home page in the Zapstore is the search bar. You can use it to find a specific app you know is available in the Zapstore.

There are quite a lot of open source apps available, and more being added all the time. Most are added by the Zapstore developer, nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9, but some are added by the app developers themselves, especially Nostr apps. All of the applications we will be installing through the Zapstore have been added by their developers and are cryptographically signed, so you know that what you download is what the developer actually released.

The next section is for app discovery. There are curated app collections to peruse for ideas about what you may want to install. As you can see, all of the other apps we will be installing are listed in nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9's "Nostr" collection.

In future releases of the Zapstore, users will be able to create their own app collections.

The last section of the home page is a chronological list of the latest releases. This includes both new apps added to the Zapstore and recently updated apps. The list of recent releases on its own can be a great resource for discovering apps you may not have heard of before.

Installed Apps

The next page of the app, accessed by the icon in the bottom-center of the screen that looks like a clock with an arrow circling it, shows all apps you have installed that are available in the Zapstore. It's also where you will find apps you have previously installed that are ready to be updated. This page is pretty sparse on my test profile, since I only have the Zapstore itself installed, so here is a look at it on my main profile:

The "Disabled Apps" at the top are usually applications that were installed via the Play Store or some other means, but are also available in the Zapstore. You may be surprised to see that some of the apps you already have installed on your device are also available on the Zapstore. However, to manage their updates though the Zapstore, you would need to uninstall the app and reinstall it from the Zapstore instead. I only recommend doing this for applications that are added to the Zapstore by their developers, or you may encounter a significant delay between a new update being released for the app and when that update is available on the Zapstore.

Tap on one of your apps in the list to see whether the app is added by the developer, or by the Zapstore. This takes you to the application's page, and you may see a warning at the top if the app was not installed through the Zapstore.

Scroll down the page a bit and you will see who signed the release that is available on the Zapstore.

In the case of Primal, even though the developer is on Nostr, they are not signing their own releases to the Zapstore yet. This means there will likely be a delay between Primal releasing an update and that update being available on the Zapstore.

Settings

The last page of the app is the settings page, found by tapping the cog at the bottom right.

Here you can send the Zapstore developer feedback directly (if you are logged in), connect a Lightning wallet using Nostr Wallet Connect, delete your local cache, and view some system information.

We will be adding a connection to our nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch wallet in part 5 of this tutorial series.

For the time being, we are all set with the Zapstore and ready for the next stage of our journey.

Continue to Part 3: Amber Signer. Nostr link: nostr:naddr1qqxnzde5xuengdeexcmnvv3eqgstwf6d9r37nqalwgxmfd9p9gclt3l0yc3jp5zuyhkfqjy6extz3jcrqsqqqa28qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qg6waehxw309aex2mrp0yhxyunfva58gcn0d36zumn9wss80nug

@ 0176967e:1e6f471e

AI hype vnímame asi všetci okolo nás — už takmer každá appka ponúka nejakú “AI fíčuru”, AI startupy raisujú stovky miliónov a Európa ako obvykle pracuje na regulovaní a našej ochrane pred nebezpečím umelej inteligencie. Pomaly sa ale ukazuje “ovocie” spojenia umelej inteligencie a človeka, kedy mnohí ľudia reportujú signifikantné zvýšenie produktivity v práci ako aj kreatívnych aktivitách (aj napriek tomu, že mnohí hardcore kreatívci by každého pri spomenutí skratky “AI” najradšej upálili). V prvej polovici prednášky sa pozrieme na to, akými rôznymi spôsobmi nám vie byť AI nápomocná, či už v práci alebo osobnom živote.

Umelé neuróny nám už vyskakujú pomaly aj z ovsených vločiek, no to ako sa k nám dostávajú sa veľmi líši. Hlavne v tom, či ich poskytujú firmy v zatvorených alebo open-source modeloch. V druhej polovici prednášky sa pozrieme na boom okolo otvorených AI modelov a ako ich vieme využiť.

@ 9ca447d2:fbf5a36d

Ten years in Bitcoin can feel like an eternity. Just ask Sergej Kotliar, Founder and CEO of Bitrefill, who recently celebrated a decade of turning Bitcoin into something you can actually use in your everyday life.

“We started Bitrefill back in 2014,” Sergej reflects, thinking back to the early excitement around Bitcoin.

“The promise of internet money as a workaround to how cumbersome money was online motivated me. Imagine sending money as easily as sending an email. That’s still the vision driving us today.”

Bitrefill has evolved from a straightforward gift card provider into a full-fledged e-commerce powerhouse, allowing Bitcoiners to buy gift cards, eSIMs, mobile top-ups, and even prepaid debit cards.

From Netflix binges and Uber rides to topping up your phone in the middle of nowhere, Bitrefill supports more than 10,000 brands and over 900 phone carriers in more than 170 countries.

check out all the products and services at www.bitrefill.com

One challenge Sergej has navigated successfully is steering clear of hype-driven pitfalls. “We’ve always been a little bit better at building actual usage than at building hype,” he explains.

Instead of chasing every altcoin trend or speculative frenzy, Bitrefill has focused on the real-world, day-to-day use of bitcoin.

“The biggest challenge has always been finding the actual users of Bitcoin, not investors, but the ones who really want to use bitcoin in their everyday lives,” he emphasizes.

Bitrefill, he says proudly, has become the starting point for many users looking to spend bitcoin seamlessly.

“I think that people that use bitcoin transactionally and are looking to buy something with their coins. Very often, their customer journey starts with Bitrefill.”

Sergej isn’t shy about critiquing popular Bitcoin memes either. One particularly notable example is the “two S-curves” chart suggesting bitcoin first serves as a store of value, then as a medium of exchange.

“It’s maybe my least favorite chart,” Sergej laughs.

Bitcoin adoption curves — Source

While the chart lacks empirical data, notably missing any values on the y-axis, it does visualize a conceptual framework that many in the Bitcoin community find compelling.

The illustration suggests a natural progression where Bitcoin’s adoption follows two sequential S-curves:

first establishing itself as a store of value (the yellow curve peaking around 2029), followed by widespread adoption as a medium of exchange (the green curve peaking around 2037).

Despite its speculative nature, some argue this visualization effectively communicates the potential evolutionary path that many Bitcoiners envision, even if it wasn’t created with rigorous technical analysis.

What makes the Bitcoin ecosystem truly remarkable though is that builders like Sergej and his team at Bitrefill aren’t waiting for theoretical adoption curves to play out. They’re actively accelerating them.

By creating practical solutions for everyday Bitcoin transactions now, Bitrefill is working towards pulling that “medium of exchange” S-curve forward.

They aim to demonstrate that Bitcoin’s utility doesn’t have to follow a delayed timeline where store of value comes first.

Indeed, Sergej sees a more nuanced reality: Bitcoin serves different purposes for different people, simultaneously.

“There’s different people that use bitcoin for different things, and some want to invest in it and some use it as a tool,” Sergej clarifies.

“You can’t say that one of them is better than the other… it just is. Different people will use the same thing and they engage in the same market with different purposes.”

The Bitrefill philosophy is simple: practicality over hype. “Selling bitcoin to people is clearly a much bigger business than letting people shop with bitcoin,” Sergej acknowledges candidly.

Yet Bitrefill stands proudly as a market leader by volume for transactional bitcoin use. When YouTube travelers share their global adventures “living on bitcoin,” it’s Bitrefill powering most of those purchases. He notes with pride:

“If you watch these YouTubers ‘I spent a month traveling the world living on Bitcoin,’ there’s been quite a few of those… around 50 to 80 [percent], that a good chunk of their bitcoin usage ends up being with Bitrefill.”

And Bitrefill is not done innovating. Recently, they introduced the Bitrefill reloadable Visa card in Europe, designed for ease of use. Sergej explains:

“It’s a regulated product, you need to have an account and go through KYC and all of that, but once you have it, it’s a very simple straightforward no bulls*** method.

“you send in your bitcoin, Lightning works, and then you can just go and blip and pay, and then you don’t have to think about anything.”

Bitrefill offers reloadable Visa cards

To promote it, they’ve even been hiring people specifically to travel around Europe spending bitcoin and documenting the journey.

“We put up these ads and we hire someone and then we record them having the best day of their life spending money,” he says.

While acknowledging it’s partly a marketing stunt, he adds, “Paying some of our customers instead to spend the day having a blast and then record it and make content is a better choice than traditional advertising.”

Bitrefill on X

But Sergej has his eyes firmly on an even more futuristic horizon: a world where robots pay each other seamlessly.

“We’ve built an online monetary system that discriminates against bots because they’re usually associated with fraud,” Sergej notes.

“But soon, we’ll rely on AI to shop automatically for us. Having a fraud-free online payment method like Bitcoin could revolutionize how robotic agents transact.”

“In a world where everybody has a bunch of agents being robotic secretaries and so on, and given the fact that online commerce is currently designed specifically to keep out robots… I think there’s a big opportunity there,” he explains.

“Having an online payment method that is fraud-free should in theory be very useful for a world in which shopping happens automatically, for example, or how a robot will pay other robots.”

The intersection of how AI will leverage Bitcoin is a fascinating rabbit hole and discussion that is playing out in real time.

Sergej recommends Daniel Suarez’s novel “Daemon” for those intrigued by the potential (and risks) of AI-driven transactions.

“There’s tremendous opportunity here,” he teases, “and it’s definitely something we’re actively exploring at Bitrefill.”

Asked what he’d ask Satoshi Nakamoto if given the chance, Sergej pauses briefly. “I would ask him to tell me the story of how he left the space,” he finally answers.

Given Sergej’s decade-long journey with Bitrefill, his curiosity about Bitcoin’s creator’s departure feels particularly fitting.

Ten years is a long time in Bitcoin, but clearly, Sergej Kotliar and Bitrefill are just getting started.

@ 044da344:073a8a0e

Es ist merkwürdig, wie sich die Dinge manchmal fügen. Himmelfahrt bin ich mit den beiden größeren Enkeln, 2 und 4, in einen Zirkus gegangen. Wir mussten ein wenig suchen, okay, haben das Zelt aber irgendwann entdeckt am Ufer des Regen. Ich könnte schreiben: klein, aber fein, so richtig trifft es das jedoch nicht. Klein schon. Ich will hier auch nicht schimpfen, weil sich die Zirkusfamilie alle Mühe gegeben hat, einen preisgekrönten Artisten dabeihatte (Silberner Clown in Monte Carlo) und sogar reichlich Tiere in die Manege brachte. Vier Araberpferde, zwei Dromedare, einen Esel und Ziegen.

Dann aber kamen die Katzen. Richtig gelesen. Katzen dort, wo es Tiger, Löwen, Bären gegeben hat, als ich selbst noch ein Kind war. Ich meine gar nicht die großen Zelte in der DDR, Berolina, Busch oder Aeros. Diese Riesen verirrten sich nicht in einen Badeort auf Rügen. Die Wiese gleich hinter unserem Haus gehörte ab Anfang der 1980er Rüdiger Probst, alle paar Jahre wieder. Ein junger Mann, der gar nicht so viel älter war als ich, keine Angst vor großen Tieren hatte und mit einem Salto von Pferd zu Pferd sprang. In einem kleinen Zirkus wie gesagt, für ein paar Groschen und meist vor vollem Haus. Mit den Enkeln hatte ich jetzt allen Platz der Welt und hinterher ein leeres Portemonnaie. Sieben Euro allein für Popcorn (es gab nur eine Tütengröße) und fünf (freiwillig) für ein paar Möhrenstücke, damit die Kinder in der Pause was zum Füttern in der Hand hatten.

Am Abend dann das neue Buch von Matthias Krauß. „Die falschen Fragen gestellt“. Ich habe mich ein wenig gewundert, als das Paket im Kasten lag, weil der Autor vor gar nicht allzu langer Zeit einen „einseitigen Waffenstillstand“ ausgerufen hatte und Schluss machen wollte mit seinem Kampf gegen die „Aufarbeitungsindustrie“ und mit der Verteidigung der DDR. Ich zitiere einfach aus meiner Rezension von 2019:

Matthias Krauß, 1960 in Hennigsdorf geboren, weiß natürlich, was da alles im Argen lag. Er hat selbst an der Sektion Journalistik studiert und in den späten 1980ern noch ein wenig für die Parteipresse gearbeitet. „Apologetisch“, sagt er. Vor allem Innen- und Wirtschaftspolitik. Sein Aber: erstens die Kultur. Begegnungen vor allem mit dem, was in Osteuropa so an Filmen, Serien, Kunst produziert wurde. Punkt zwei: „der einfache Mensch“. „Ungleich häufiger“ im Bild als heute. Und drittens „gab es eine prinzipielle und grundsätzliche Kritik“ am Westen und am Kapitalismus.

Der Zirkus am Ufer des Regen. Ein totes Pferd soll man nicht reiten. Deshalb tauche ich ein in ein Buch, das etwas schafft, was selbst ich nicht für möglich gehalten habe. Matthias Krauß singt ein Loblied auf den DDR-Journalismus, ohne dass es peinlich wird. Er bleibt dabei ganz bei sich – bei der Mappe mit Zeitungsausschnitten, die er als Schüler angelegt hat, bei den Aktbildern im Magazin, das sein Vater abonniert hatte und das dem Sohn auch jenseits der Erotik ganze Welten öffnete, bei einem Porträt, das ihm die Lokalzeitung 1977 widmete.

Das Schöne ist: Matthias Krauß hat das alles aufgehoben und darf jetzt als reifer Mann zurückschauen – als Journalist, der später auch die andere Seite erlebt hat, folglich vergleichen kann und vor allem niemandem mehr nach dem Mund reden muss. Die „Qualität der Bilder“, okay. Eher „Kartoffeldruck“ als Zeitung. Die immer gleichen alten Männer, klar. Die Grenzen, die jedes Parteiorgan hat und die auch ein junger Mann wie Krauß schon zu spüren bekam. Aber eben auch Texte, die nah dran waren am Leben (vor allem an der Arbeit) und ihre Leser ernst nahmen. Matthias Krauß ist nach dem Studium 1986 Redakteur der Jugendseite des Potsdamer SED-Blatts geworden und ruft den Journalismusforschern heute zu: Vergleicht doch einfach die Bravo mit dem Neuen Leben, einer Zeitschrift, die damals sein Leitstern war und immer ausverkauft. These von Matthias Krauß: Das Neue Leben

war vielseitiger, anspruchsvoller und in jeder Hinsicht höherwertiger als die Bravo-Post, mit dem endlos einfältigen Star-Rummel, den auf Kauf und Konsum orientierten Modetipps, dem Klatsch und Abklatsch und den klischeehaften Rollenbildern – Ausdruck des insgesamt unpolitischen Grundanspruchs. Nun gut, aus exakt diesem Grund wird dieser Vergleich wohl niemals stattfinden. (S. 103)

Matthias Krauß hat ein kaum zu schlagendes Argument auf seiner Seite: Er, der SED-Propagandist, hatte nach 1990 schnell wieder das Vertrauen des Publikums, das er „bei Lichte besehen“ vielleicht gar nicht verdiente, aber allein wegen seiner Herkunft bekam (S. 116). Und: Er kann sogar jemanden zitieren, der die Ernte-Berichterstattung vermisst, Hassobjekt von Lesern wie von Journalisten – einen Landwirt aus dem Westen, der dort sehen konnte, wie weit die Kollegen waren, was sie wie machten und wie sie auf das Wetter reagierten (S. 166).

Ich gebe zu: Ich habe eine Schwäche für autobiografische Texte. Solche Bücher erlauben mir, all das mit Leben zu füllen, was in den Akten bald zu Staub zerfällt. Ich habe ein Fußballregal (gleich zweimal Lothar Matthäus!), eine DDR-Abteilung, Erinnerungen von Wissenschaftlern und natürlich Journalisten. Da längst nicht jeder schreibt, der etwas zu sagen hat, helfe ich immer wieder nach und sammle als Interviewer Lebensgeschichten ein. Matthias Krauß dürfte einer der ersten ostdeutschen Medienmenschen aus der Geburtskohorte um 1960 sein, der sich öffentlich äußert und dabei nicht einfach das nachbetet, was ohnehin schon überall steht.

Das gilt auch jenseits des Themas Journalismus. Der Wehrdienst, für mich bis heute ein Albtraum, wird von Matthias Krauß als „Entscheidung für eine Art persönlicher Freiheit“ interpretiert (S. 43). Mit 18 unabhängig sein von den Eltern und dann auch ohne Geldsorgen studieren können. Leipzig war für ihn in den 1980ern nicht nur Uni-Standort, sondern auch „Messestadt“ und damit „Weltstadt“ (S. 50). Und der Aufregung um jede DDR-Exmatrikulation, die er keineswegs schönredet, werden „die Millionen Opfer der Demokratisierung“ gegenübergestellt und das laute gesamtdeutsche Schweigen nicht nur in diesem Punkt (S. 58).

Was das alles mit dem Zirkus zu tun hat? Matthias Krauß hat in der DDR das Motto für sein Leben als Journalist gefunden – bei der Arbeit mit einem Parteisoldaten, der einfach nicht rauswollte aus dem Korsett, das die Genossen über sein Leben geworfen hatten.

Ja, sagte ich mir, stelle immer die falschen Fragen. (S. 153)

In Sachen Zirkus liegen alle Antworten auf dem Tisch. Meine Trauer habe ich schon vor mehr als zehn Jahren verarbeitet. Mal schauen, was die Enkel eines Tages dazu sagen.

Matthias Krauß: Die falschen Fragen gestellt. Journalist in zwei deutschen Staaten. Berlin: Das Neue Berlin 2025, 189 Seiten, 18 Euro.

Michael Meyen: Videos

Freie Akademie für Medien & Journalismus

Unterstützen

@ da8b7de1:c0164aee

Nukleáris technológiai és projektfejlesztési hírek

Több jelentős nemzetközi fejlemény történt a nukleáris energia területén. A Westinghouse Electric Company megkapta az amerikai Energiaügyi Minisztériumtól a kulcsfontosságú biztonsági jóváhagyást az eVinci mikroreaktorához, ami fontos lépés ennek az innovatív nukleáris technológiának a bevezetése felé. A vállalat Idaho államban tervezi egy tesztreaktor létesítését, ami jól mutatja, hogy a mikroreaktorok piaca egyre nagyobb lendületet kap.

Eközben a nukleáris kapacitás gyors bővítéséhez szükséges ellátási lánc felkészültsége volt a fő témája a World Nuclear Association első konferenciájának. Jelentős projektfrissítések között szerepel a kritikus turbinakomponensek beszerelése a kínai Haiyang atomerőműben, az indiai Mahi Banswara Rajasthan Atomerőmű négy blokkjára vonatkozó szabályozói engedély, valamint egy új olaszországi partnerség, a Nuclitalia, amely fejlett nukleáris technológiákra fókuszál. Belgiumban a Nukleáris Kutatóközpont hivatalos konzultációkat indított egy ólom-hűtésű kis moduláris reaktor (SMR) ügyében, Brazília pedig bejelentette, hogy Oroszországgal közösen fejleszt SMR-projektet.

Szabályozási és biztonsági aktualitások

A Nemzetközi Atomenergia-ügynökség (IAEA) meghosszabbította a tanulmányok benyújtási határidejét a közelgő, nukleáris létesítmények ellenállóképességéről szóló konferenciájára, hangsúlyozva a nukleáris létesítmények alkalmazkodásának fontosságát a klímaváltozás jelentette növekvő kockázatokhoz. A konferenciát 2025 októberében rendezik Bécsben, és fő témája a nukleáris létesítmények biztonságának és ellenállóképességének növelése lesz, különös tekintettel a külső eseményekre, mint az árvizek és földrengések.

Kanadában a Nukleáris Biztonsági Bizottság engedélyezte az Ontario Power Generation számára, hogy megkezdje egy BWRX-300 típusú reaktor építését a Darlington New Nuclear Project helyszínén, ami a nukleáris építkezések folyamatos szabályozói támogatását mutatja. Az Egyesült Államokban a Nukleáris Szabályozási Bizottság további 20 évvel meghosszabbította a Duke Energy Oconee atomerőművi blokkjainak üzemeltetési engedélyét, valamint támogatást nyújtott a michigani Palisades atomerőmű újraindításához.

Iparági és gazdasági trendek

Az iparági vezetők optimistán nyilatkoztak a nukleáris energia jelenlegi helyzetéről, kiemelve az Egyesült Államokban zajló aktív projekteket (például a TerraPower Wyomingban és az X-energy együttműködése a Dow vállalattal), valamint a fejlett nukleáris üzemanyaggyártásba irányuló magánbefektetések növekedését. Felmerült az is, hogy a Világbank nukleáris projekteket is finanszírozhatna, ami tovább ösztönözhetné a globális beruházásokat, és megerősítené a nukleáris energia szerepét az energetikai átmenetben.

Belgiumban a kormány és az Engie közüzemi vállalat végleges megállapodást kötött a Tihange 3 és Doel 4 reaktorok üzemidejének tíz évvel történő meghosszabbításáról, amely az energiabiztonságot és a radioaktív hulladék kezelését is szolgálja. Németországban a nukleáris technológiai szövetség hangsúlyozta, hogy akár hat, nemrégiben leállított reaktor újraindítása technikailag megvalósítható, és a nukleáris energia biztonságos, gazdaságos, valamint klímabarát alternatívát jelent.

Nemzetközi együttműködés és kutatás

Kanadában a Prodigy Clean Energy és a Serco közel jár a szállítható atomerőművek tesztprogramjának befejezéséhez, amelynek középpontjában a biztonság és az extrém helyzetekben való ellenállóképesség áll. Az EnergySolutions és a WEC Energy Group új nukleáris kapacitás létesítését vizsgálja a wisconsini Kewaunee helyszínen, és előzetes engedélyeket kívánnak szerezni a jövőbeni telepítéshez.

Az IAEA ismételten hangsúlyozta, hogy kész támogatni a Zaporizzsjai Atomerőműre vonatkozó megállapodásokat, amely továbbra is orosz katonai ellenőrzés alatt áll, kiemelve a térségben fennálló geopolitikai és biztonsági kihívásokat.

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

@ b2a8fdbc:dcab1f03

ถ้าเรามี "เงินที่ดี" ที่มีจำนวนจำกัดและสามารถเก็บมูลค่าได้อย่างแท้จริง ภาวะเงินฝืดที่เกิดจากคุณสมบัติเช่นนี้ อาจนำไปสู่ผลลัพธ์ที่เป็นบวกอย่างมหาศาลต่อคุณภาพชีวิตและมุมมองของมนุษย์ต่อการดำรงอยู่ ไม่ใช่เพียงแค่ความกังวลเรื่องการว่างงาน

เงินฝืด: ก้าวข้ามความกลัวการตกงาน สู่การค้นหาความหมายของชีวิต แนวคิดที่ว่ามนุษย์ไม่ได้เกิดมาเพื่อทำงานหากินไปแต่ละวัน แต่เพื่อค้นหาความหมายที่แท้จริงของชีวิต เป็นปรัชญาที่ลึกซึ้ง และสอดคล้องกับแนวคิดที่ว่า เมื่อเงินมีคุณสมบัติที่มั่นคงและมีจำกัด อาจนำมาซึ่งการเปลี่ยนแปลงเชิงบวกดังนี้:

1. ความมั่นคงทางการเงินและคุณภาพชีวิตที่ดีขึ้น เมื่อเงินมีคุณสมบัติที่เก็บรักษามูลค่าได้ดี นั่นหมายความว่ากำลังซื้อของเงินจะไม่ลดลงไปตามกาลเวลา ตรงกันข้าม อาจเพิ่มขึ้นด้วยซ้ำในระบบเศรษฐกิจที่มีประสิทธิภาพ สิ่งนี้จะส่งผลให้:

• ลดความกังวลเรื่องค่าครองชีพ : ผู้คนจะกังวลเรื่องรายได้ไม่พอค่าใช้จ่ายน้อยลง เพราะเงินที่หามาได้ในวันนี้ จะมีมูลค่าที่คงที่หรือเพิ่มขึ้นในอนาคต ทำให้วางแผนชีวิตได้ง่ายขึ้น
• การออมและการลงทุนมีประสิทธิภาพ : แรงจูงใจในการออมจะสูงขึ้น เพราะเงินที่เก็บไว้มีมูลค่าเพิ่มขึ้นเอง ทำให้เกิดความมั่งคั่งสะสมได้ง่ายขึ้น ซึ่งสามารถนำไปลงทุนในสิ่งที่มีคุณค่าอย่างแท้จริง
• ปลดล็อคจากวงจร "วิ่งไล่จับเงิน": เมื่อไม่ต้องกังวลเรื่องเงินเฟ้อกัดกินมูลค่าเงิน มนุษย์อาจไม่จำเป็นต้องทำงานหนักมากเพื่อชดเชยกำลังซื้อที่หายไป ทำให้มีเวลาและพลังงานเหลือเฟือสำหรับสิ่งอื่น ๆ ในชีวิต

2. การนิยาม "งาน" และ "คุณค่า" ใหม่ ในบริบทที่เงินมีความมั่นคง การทำงานอาจไม่ได้ถูกมองว่าเป็นเพียงหนทางในการ "หาเลี้ยงชีพ" อีกต่อไป แต่จะกลายเป็นการสร้างคุณค่าที่แท้จริง:

• งานที่สร้างสรรค์และมีความหมาย : ผู้คนอาจมีอิสระมากขึ้นในการเลือกทำงานที่ตนเองหลงใหล มีความหมาย หรือสร้างสรรค์สิ่งใหม่ ๆ ที่เป็นประโยชน์ต่อสังคม ไม่ใช่แค่การทำงานเพื่อเงิน
• ลดการแข่งขันที่ไม่จำเป็น : เมื่อมูลค่าของเงินมั่นคง การแข่งขันเพื่อแย่งชิงทรัพยากรที่มีจำกัดอาจลดลง ทำให้สังคมมีทิศทางที่ร่วมมือกันมากขึ้น
• การพัฒนามนุษย์อย่างรอบด้าน : เมื่อมีเวลาและทรัพยากรมากขึ้น มนุษย์จะมีโอกาสในการเรียนรู้ พัฒนาทักษะใหม่ ๆ หรือทุ่มเทให้กับงานอดิเรกและความสนใจส่วนตัว ซึ่งนำไปสู่การพัฒนาตนเองอย่างรอบด้าน

3. การมุ่งเน้นไปที่ความหมายที่แท้จริงของชีวิต หากมนุษย์หลุดพ้นจากพันธนาการของการ "ทำงานเพื่ออยู่รอด" ก็จะมีพื้นที่ทางความคิดและจิตใจที่กว้างขวางขึ้นเพื่อ:

• ค้นหาความสุขจากภายใน : ความสุขอาจไม่ได้มาจากการสะสมวัตถุ แต่มาจากการใช้ชีวิตอย่างมีสติ การเชื่อมโยงกับผู้อื่น หรือการทำกิจกรรมที่เติมเต็มจิตใจ
• การพัฒนาจิตวิญญาณ : มีเวลามากขึ้นในการสำรวจปรัชญา ศาสนา หรือศิลปะ เพื่อค้นหาความหมายของชีวิตที่ลึกซึ้งกว่าการบริโภค
• การดูแลสิ่งแวดล้อมและสังคม : เมื่อความกังวลเรื่องเศรษฐกิจลดลง สังคมอาจหันมาให้ความสำคัญกับการรักษาสิ่งแวดล้อม การแก้ปัญหาสังคม และการสร้างโลกที่ดีขึ้นสำหรับทุกคน

"เงินที่ดี" ที่มีคุณสมบัติจำกัดและเก็บมูลค่าได้นั้น มีศักยภาพที่จะเปลี่ยนแปลงพลวัตของสังคมและช่วยให้มนุษย์สามารถมีชีวิตที่มั่งคั่งและมีความหมายได้มากขึ้น โดยไม่ได้ถูกจำกัดอยู่เพียงแค่การทำงานเพื่อความอยู่รอดเท่านั้น

@ 0176967e:1e6f471e

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